Full text of Commercial and Financial Chronicle : March 9, 1901, Vol. 72, No. 1863

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

—

.

pnanrml
flmiwrna

'^(Jmnirlj
Wiluam B. Daaa Oomtajxt, In the office of the Librarian of Oongreu.]

[Entered aooordlng to Aot of Oongress, In the year 1900, by the

VOL

SATURDAY. MARCH

72

NO.

1901.

9,

18b3.

CLEARINGS— FOR FEBRUARY 1901 AND 1900. CLEARINGS— WEEK ENDING MARCH 2
ALSO SAME WEEK 1900, 1899, 1898.
ALSO SINCE! JANUARY 1 1901 AND 1900.
Two Montht.

February.
1901.

P.Ot.

1900.

New

mo

f48-5 13,024,709,S98

fl2-8
4-36-9

849,:i02,397
819,(136,788

4-100

187,54^,650

^-10-9

46,206,58(1

7
4-1 -5
-4-9-9

Hocbester
Syracuse

8,3H4.768

8,3111,,905

4,46U,>i01

Sornton

4,678,078

4,435, 185
4,388,,464 -(-65
8,681,,852 -I-4-7
1,4H8,,70; -I-190
1,200.,129 -7-1
427,,7«fc fl2-2
1,008.,829 +-25;5

WilmlnKton...
1,771,700
Binebamton...
1,115,437
Chester
48l),< 93
Frederick
1,286,835
Greeusburg..
Total Middle 6,818.310,855
.

Boston

803,034,243
26.131,S00
9.0J9,251
6,775,377
e.3t6,421
6,010,647

Providence..

Hartford

.

New Haven.
SprlnKfleld...

Worcester...
Portland
Pall Klver

4.ei8,Ul
!«,0/b,4l:i

Lowell..

a,12l,7«»

New

l,732,.^l3

Sedford.

Holyoke

1,884.815

Total N. Bnn
Chlcaeo

696,770,h83
613,0)2,'^99

Cincinnati
Detroit
Cleveland

77,rtlfl,H00

Milwaukee
Columbus

..

23,126,461
23.446,200
13,979,439
0,40-,379
8,390,999
4,882,177
4,234,408
8.286,21 J
1,453,264

SprlnKtleld.III.

2.0t4,(l3t

Lexington

34,2U,8oa
6I,ii63,473

Indianapolis..

Peoria

Toledo

Grand Rapids.
Dayton
Bvansvllle

YouuKstown

JacksonTllle.II

1.972,394
2,184.400
1,370,755
1,257,H13
1,838,709
1,215.478
612,490

Quincy

1.180,<'37

Bloomington..
Jackson, Mich.

1,245,000

Akron
Kalamazoo....

Rockford
SprlnKfleld

Canton

MansSeld
Tot. M.WestSan Francisco.
Salt Lake City.
Portland

Los Angeles...
Seattle

Spokane

Tacoma

2,876,611
1,540,263

Helena
Fargo
Sioux

648,210
131,801,002
68,918.624
34,720,541
23,284,454
17,675,668
17,7B6,0il
16,668,468
6,670,209

Falls....

Total Paclflc

Kansas

City...

Minneapolis...

Omaha
Paul

Denver
St.

Joseph

Des Moines....
Davenport,....
Sioux City

8,7' (1,644

4.669,779
4,600,260
2,186,8^9
693,991
649,835
1,600,000

Topeka
Wichita

Fremont
Hastings

Dubuque
Tol. oth'rW
St.

620.848
^231^28
786,618,603
79,367,6-9
10,978,982
7,315,665
12,895,640
8,180,779
3,613,232
4,344,131

191,606,4 >0

Louis

169.065,687

New

49,020,2t42

Orleans.
Louisville

37,089.120
14,322,000
111926,064
17,372,890
14,081,817
12,055,141
9,161,345

Galveston

Houston
Savannah
Richmond

Memphis
Atlanta
Nashville

6,806,fll6

Norfolk
Angjista
Kuoxvillo
Fort Worth..
Birmingham...

6,271,583
6,920,482

,

Macon
Liltlo Uock..
Chiittiinooga..
Jaoksimville...
.

8,.H85.883

4,539,889
8.982,144
2,957,000
2,e68.«l84

1,884.213
1,192,629

P.Ct.

1901.

1900.

March

1901,

2.

1899.

7^ Gent

1898.

<

I

5,62a,5Wl,l525 3,948,611, 049
Tork
316, v2H. m-i
88»,440,'.J18
Philadelphia..
151,07u,n7l
11<J,326 987
Pittsburg
76,«2-<,:23H4,tJ05,106
Baltlmure
ao, 0W,900
1H,502, 115
Buffalo
11,706,1131
9,980,
Washington...
1),270,H57
10.252,,«01
Albany

St.

1900.

1901.

Wee-k ending

CUarinus at—

1901,

-I-0-9
-(-0-5

24,719.346
26.774,129
19,397.788
10.^73,913
11,052 934
8,241,294
3,894,E00
3,707,201

6.637, ,93b -130
6,405, ,784
4,966, 907 -I-13-1
3,898, 454 -l-19-a
3,9 l4, 80(1 -33-7
2,086, 506 -I- 1-7
1.888, ,«8C -f-20
1,288, 961 -1-9

-11

2l,867,55h
13,791,017
11,880,740
11,164,220
10,380,639
7,116,739
4,814,937
4,231,301
3,071,455

+51-3
^ll•3
-4-33-2

+10-8
10-4
--13-3
(-24-3

+8-1
-2-2
+12-1

9,921,813,,979 fl6-5
1,067,333,,091 +9-1
66,830,,200 +5-1
33,909,,771 -8-6
14,398,,780
4-i
12,089,,340 -21
11,0S0, 638 +1-0
9,420, 045 +10-2
-9 3
7,847, 521
4,888, 169 +.3-1
3.74 7,,278 +12-9
2,873. 0-'4 -(-6^9

—

I

540,618,794 -K'9 1,311,756.616 1,213,167,897 -(-8-1
605,626 ,45V +1-6 1,182.115,210 1,094,757,,623 +8-4
61,3*8 ,700 4-26'4
186,732,700
138,900,900 +24-6
80,S.«1 ,072 -I-12-8
78,273.37«
70,501,,988 4-11-0
41,388, ,831 ^24l
107,033,756
90,449,,334 4-18-3
22,936, ,291 -t-9-6
68,609,975
62,391,,014 +2-8
19,861 ,100 f21-7
48,993,300
42,601,,500 +14-8
11,386 ,876 -I-22-8
31,137,428
26,276,,918 4-18-6
7,659 ,30y (-82'6
19,533,914
16,766,,008 4-16-5
8,203 816 -I-2-4
18,486.903
19,288,,509 -4-0
4,533 298 --7-7
11,497.34s
10,794.,844 +6-5
4,065, ,071
4,931, 334
1,3'^7, ,597

1,742, 381
1,817, 87^
1,686, 300
1,539, ,887
1,147, 980
1,281, 885
1,044, 6(^0
611, 521
959, 991
808, 457
551, 120
386 ,384

780,392,,471
08,088,,990
7,925,148
7,121 ,149
8,818,,818
7,364,,979
4,463,,442
8,409,,883
1.873,,018

--4-a

-81-4
-i-4-8

-f-17-8
-I-8-5
-I-31-1

-10-4

-(-9-6

+4-4
+16-4

l,371,t>38

f230
-(-51-1

—81
-22
-H»'7
-I-16-6

4-38-5

-I-3-3

-f-46-2

4-12-6
19-0

-)-27-5
-I-53-6

+6-1
f8a-5
4-21-9
4-73-2
-I-14-7

-0-8

-1-5-9

+84

173,440, 7S5 -l-u-1
123,867, 919 f28-4
48.816, 19S -J-0-4
14,860,1,000

-1-6
-3-6

16,763, 477

-l-l-O

38,492,1,042 -22-8
18,632, ,495 -Hll-6

13,692 688
7,793, 959
6,508, 933
6,060, 952

8.809,481
3,603,244
2,844,838
2.5H0,012

2,407,761
8,338 894
1,178,969

110,776,,487 fl9-0
48,577,,351 +81-8
85,816,,«14 -3-1
32,313,,398 -(-4-4
16,042,,403 +-10-2
16,196,,005 -l-9-e
14,213,,822 +9-3

37,684 501

4,39.1,100

4-19-7

1,384,,391 -I-25-H
68S.,9^ -|-10-2

5,397,,524
2,843,,7aii
8,830,,682
3,656,,144
1,862,,788
698,,799
618,.873
l,4fi0 .000

9,684,086
7,472.804
2,950,073
4,241,81*
4,576,634

-0-3
-(-17-4
-(-18-7

—130

6,719, 870 -11-9
3,897, 089 -(-1-7
2.926,,866 -I-55-0
3.168,,30-1 4-25-7
3,861,,000 -1-3-4
2,045,,33u
4-28-6
1,481,
,955
J,,J.48

+*3

472,.510

9,407,,381 -4-1-9
9,743,,085 -23-3
0-3
3,959,,116
8,772,,382 +124
16-7
8,920,,929
21-6
3,524,,.S00
3,347,,821 1^ 13-8
2.446,,449 +2-4
2,807,,496 -(-9-1

1.34,104,214

82,069,288
61,941,796
89,967,453
37,880,146
33,151,919
18,853,691
7,863,987
10,035,843
9,404,767
4,207,430
1,197,533
1,533,387
3^347.007

439,428,430
838.376,312
108,789,515
77,871,411
82,70.1,600

35,889.554
88,687,791
81,939.148
29,484,342
20,203,05H
18,305,727
12,844,528
11,413,010
6,3^7,799
13,696,786
8,543,086
0,891,000
5,813,31
8,861,184
2,415,19'"

Philadelphia
Pittsburg
Baltimore

Chester

Boston
Providence
Hartford

New

liaven

Sprlugfleld

Worcester
Portland
Fall Klver
Lowell

New Bedford
Holyoke
Cincinnati
Detroit

Cleveland

Milwaukee
Columbus

Rockford
Sprlngfleld, Ohio..

Jacksonville,

Quincy
Bloomington.
Ann Arbor
Tot. Mid.

Weit^

+6-9
+13-7

San Franolioo

+3(1-2

Portland
Los Angelea

+13-6
+31-6
4-140
-16-0
+31-0
+47-4
-6-8
+15-4
244,840,796 +15-6
106,639,938 +35-7
79,118,558 +3-7

11,863,.SH9

111...

--5-9
--3-8
--1-5
--9-2
--S-3

0,625,083 +20-4
9,682,698 +3-6
5,686.881 +88-3
4,178,788 -(-0-7
1,228,801 -8-6

1.386677 +11-6

Salt

Lake

City

Seattle

Spokane
Tacoma.
Helena
Fargo

St.

Paul

Denver
St.

Joseph

DeiMoinea
Davenport..
Sioux City.

Topeka
Wichita
Fremont.
TTastlngs

Colorado Springs...
Tot. other West
St. Louis
New Orleans
LouisvUle
Galveston

0-9

884,711,451

+116

369,196,045
108,282,368
80,870,458
31,618,000
33.870.466
41,6«6,74S
28,098.883
25,895 859
16,780,953
ia,40S,773
13,869.999
12,332,617
4,889,488
7,690,474
7,140,681
6,858,000

+25-7

4,400,6(11-

+33-1

Chattanooga

8,268,961 4-18-1
3,831,445 +3-6

Jacksonville.

+3-7
-j-8-4

+60

-7-3
+13-7

Houston
Savannah
Richmond
Memphis.

4-13-8
4-20-3

Atlanta

+7-3
-3-4
-6-7

Norfolk

-(-8-9
-(-63-6

4-19-6
-(-0-5

366,«<3,409 3S1,8U .689 -1-10 5
Total South
796.865,0.3,1
708,713.477 +13-1
Total all.... 3,860,540,103 0,484,616; 21 -h2"98 19,078.989,2-10 U,07n,fl24,814
+35;6
Outside N. T 2,736,946.627 3,487,979,.672 +10-0 6,054, 259,84b 6,463,614,370 +10-7
Montreal
51,138,881
6-7
64,850.i,6S8
133.254.400
117,103,53S +1-4
Toronto
41,946.163
87,Sfl4 ,75.'* -I-10-8
96,245,384
82,979.868 +16-0
Winnipeg
7,168,276
6,702 648 -f6'8
16,781,742
16.609,85."
+1-0
Halifax
6,116,217
6,854 ,759 -(-14-a
14,309,430
12,062.84 +17-8
Hamilton,....
3,982,064
3,040 ,616 -3-9
0,606,776
6,788,619 -3-fl
Bt. John
3,742,760
2.318 857 -I-171
6,836,038
5,376,765 +8-5
Victoria
3.181,391
2,483 ,609 -12-8
e,489,0ii8
6,187,937 -f4-9
Vancouver....
3,674.180
8,881 62(1
72
6.048,978
0,049,837 -01
Tot. Canada... 116.879,512 114.981.400 -I-1-7
973.416.886
8B8.151.52!{ +8-4

17,807,781
8,788,486
0.988.808
4,903 319
8,007,606
4,408,986
1.840,118
900,000
1,431.897
1,096,876
663,935
177.618
156 797
1.306.489

Omaha

3,276,0n7

+63

87,823,163

Kansas City

Nashville.

Augusta
Knoxvllle
Fort Worth
Little

481.122
889.948

John

Victoria

Vancouver
Total Panada

W"

I

+88

-818
-80-6

—14

148 (189.806
6.629,700
3,883,370
1,654.368
1,849,751
l,6t9,148
1.470.282
1,049,6^6
678.014

-41-5
-10-6

—16

767,124
400,000

4

-8-6

162.838.149
167,206,286
18.988,260
7,992.658
10,224,788
6,618,672
5,095,300
2.704.988
2,031.828
8,661.493
1,040,669
;899.802
943,079
487.115
486.201
389,008
356.000
289,518
238.069
343.327
804,801
130,CO0

223,772,496
21.297,808

1611,427
1,628.061
1,647,948
1,200,000
988.886
070,828
653.849
800.0C0
110,912

3,100,000
1,232,692
831.319
660,882
834,578
93,781

88,196.317
11,844.822
10.352,648
0,296,624
4,679.569
4,648,689
3,611,718
1,649,915
1,115,038

646 7889
808,860
176 344
N ot In clude

8.688,073

8,197,813
8,567,183
8,633.80:!

8,010.280
1,7741.S7
1,580,788
1.790.849
1,921,618
652.748
641.443
761.306
716,000
634.070
861,410

288 059

18 858,0^2
11,010 413
1,748 818
1.460.000
706,848
011.808
394.188
021 '

11.905.741
8 670.860
1.688 818
1,878.447

89 997 888

98 811109

688,033
687,446
439.034
081,908

2 883,177
8 013 715
1,2(0 255J

879,987
776,818
349,900

119.693.898
6.469,9C0
2,869,58S
1.479,904
1,650,845
1 481.210
1.484.gC9
1,191.064
719,288
1,109,209
138.989 655
107,348,360
13 814.950
8,068,060
7,616,874
6,876,884
4,076,100
2,167,829
8.017.398
1,677 041
893,978

789 704
740,896
837 671
840 000
676,984
8S5.C00
814 913
174.897
833 6tf7

824643

160.493 720
17.438 614
1,849 886
1,889.010
1,611.025
1.788,781
1,079 198
987,019
860.000

848 874
1 19.808

3U.V03.615

87 899 080

10.464,66'

11,888.983
7,788.444
6,844.670
8 989.609

8,269 615
6,467 708
4,165.895

1,098.8
788,16'

8830.000

4.2012M

al.

2,471003

83.088.419

904,747.877
82.005,844
81.0^9.093
18 894.870

4 1,600,988.126 1,037,866,513

20.874.537
3.604.495
3,100.000

83,181 976
90.403.800
Total Southern.
Total all
3,150 067,810 1.708 546 665
087,809.706
Outside N. Tork.
703.761.048

St.

-(-06
In tot a).

Not Include
"269^^616

10 886.0i-8

763898

Montreal
Toronto
Winnipeg
Halifax
Hamilton

7

251,981
186,095
828.000
890,081

16,316.279
0,974.126
8,8-8 500
2,800 OOO
8.400 000
8,918 878
8.039 803
8,111.589
1,444 600
1,392.774
1,652,038

654,000

Rook

+28

350,i'84

~46^l0147

79'<,785

.Macon

-+61

6.803,500
3,789,666
1,918,425
8,878.215
1,104,684
1,163,247
914,803
643,281
445.467
B28.247
818,600
405.501
887.623

63 615 630
87 894.960

1,076,000
1,000,000

Birmingham

+5 9

492,687
858,480
189,173.495
140.733 426
16,078.700
7,657,143
11,887,636
6,845.278

726,898
801.082
108,086

Minneapolis

-(-62-8

411,fl5H

1,013,374
1,034.031

Sioux Fall!
Total Pa(3iflO

2,535,47;i

3,160,000
8 830.187
l,661,4b8
1,887,451
o76,0l5
468,700
850,000

+440

226,926 677
84,126,264
2,833.398
1,600,000
8,728,898
2,861.791

38,868.798
4.458.895

+26-1
—4-2

+14-6

6,888.100

Lexington

—48
-17

1,068,819
1,178,848
613,191

8,748,855
2,398,613
l,a< 4,285
941,859
749,682
2H5.771
612,983
549,402
481,000
877,664
266,841
827,888
863.026
229,869
877,949
686,945
74,578

lH.4C6 50a

+208

l,205.90fc

8 670,189

Akron
Kalamazoo

4«.e66.6fl9

+9-2
+27-2

Peoria
Toledo

Sprlngfleld, 111

,892,080.699

+471

128.257,086
5,863,800
2.948.095
1,800,088
1,899,110

Indlanapolla

Grand Rapids
Dayton
RvansvUle
Youngstown

+80-4
+13-5

132,491,112
7,468.400
2,820,669
1,437.837
1.379,838
1,380,810
1,680,388
685,934
648.313

833.447
149.987,891
183,017.997
31,184.000
9,641,339
14,266,796
0,843,^80

Total New Bng.,
Chicago

1,245.,553 +10-1
2,183,,311 4-10-3
1,046,,26'4 H-iao
-1-6
1,198,,717
476,,153

-OJ

1,892,816,768 1,020,786,849
117,781,7x8
104,688,125
45.129.726
80,671,878
84.289.460
26.461.659
4,710,081
4,791.04'1
8,111,460
a.688.852
3.989.216
2,S>;9,449
2,221,357
a.319,761
1,826,077
941,011
1,441,811
1,860.617
1,048,737
992,339
479,600
378.900
871,683
848.498

686,866 Not Include
VVhecilng,;W. Va..
Total Middle..... 1.697,862,769 1.197.657,004

Canton

49,067,526
88,487,795
87,329,807
80,348,858

,..••

Buffalo

Washington.
Albany
Rochester
Syracuse
Scranton

3,280 ,7(13 +13-2

1,720,134,195 1,008,645,211
170,810,823
151,104,109
24,488,565
17,978,811
16,991,970
14,970,428
26,171,770
19,187,877
17,878,005
16,246.089
7,986,781
9,480,606
9,845.(-20
7,513,061
6,858,467
4,651,377
3,078,828
3,266,376
1,509,017
M08,166

388,691,434

New York

Wilmington
Bingham ton.

+9-3
1,134,,230
2 384, 3M1 -y3'7

l,a:i9,789

2.7 10,84^

4,543,672, 6^5 t39-l 14.638,399,633
475,486, 14e -1-56 1,164,789,410
24,895, ,700 +5-0
68,999,700

10,M3, 91ii -11

8,611,110, 411
763,173, .374
240,000, hOi
ie9,2H3, 434
41,838,481
21,814, 582
21,540, IGO
17,937. 7«0
10,500, 786
9,856, 914
7,997, 917
8,573,,.00
2,686.714

8,61'-:.27J

3,398.18.0

2,700.000
1.460,764
1,398,867
1,066,861

8,066.810
1,249.478
1,181,783

689.188
642.546
166 359
184,731

844,195

910 864

838917
180 763
95,e2ii

al.

89.884 328
89,904 Vi-2
81.620.762
99.480 765
11,885 388
9 081 822
7.907,123
7 839.899
3.198850
9,781.260
8,790.027
8,958,865
9.407.687
9 220 145
8,415.739
8448 834
8.081 08O
8,316 470
1679.887
1.483 601
1,860,£50
1,872 842
964 448
1,070.406
» 80,6 68
938.648
009 710
700.398
798 OSS
eC5.S7»
840 670
663 t69
018,000
643.000
400 071
365 525
873 on
816,688
989.083
£90,817
71 063 th
+8'8
69 9v5 8ll
+36 -« 9,180.182 581 1,409 668.310
+11-0 733,031.998 604 907.880

+8-0

+8*8
+10'0

20.978.773
10.987.906
1.50S.118
1,075 000
799.688
487 184

-8P

gaasos

+83 9
+13 5
.f6-7

_-8-8

+16

t

13.884 BSS
9.794.181
1.860.141
1,088.070

719 04S
426,800

;e2i.250

"80.586,821

Table ClearlugB by Telegraph on pave 464.

8734lJ?J

THE CHRONICLE.

456

THE WAR REVENUE REDUCTION

BILL.

[Vol. LX2II.

intimately connected with investment affairs and with

the charges to be drawn from each individual enterOn pages 484 to 486, under the head of Reports prise to support the State Government. Daring late
and Documents, we publish the text of the new War years theXegislature has shown great diligence in dis-

Revenue Reduction Bill as approved by President turbing the State tax laws; not by improving them,
McKinley on Saturday last.
but, in a patchy way, making them more oppressive.
What will be the outcome of the effort this year cannot be foreseen until the whole system, if ajstem it can
be called, has been developed, and the laws it may end
There have been incidents of large importance in have been in operation for a year or more.
transpiring the past week, but they have made their
No one of these new tax arrangements which the
record without leaving any manifest impression on the Legislature has had under discussion has possessed so
public mind. The closing of a session of Congress in little to recommend it as the one which has been called
times past has given a decided relief to business af the General Corporation Tax bill, with reference to

THE FINANCIAL SITUATION.

Those were days when our currency standard
was in danger and our National Lagislature seemed to
be intent only in doing what was unrestful or actually
disturbing. That particular crisis no longer threatens.
The only reason this year for any feeling of satisfaction
on reaching the close of the session, has grown out of
the circumstance that the adjournment put an end to
the opportunity Congress had for increasing appropriations. As Government revenue, from the changes
made in the internal tax laws, had been lessened, according to official estimate, about 41 millions of dollars, it became highly important before making further appropriations to be assured, through the operation of the new law, in what state the reductions had
left the Treasury as to surplus; until uncertainty on
that point could be fully removed it was clearly needfairs.

ful to stay the disposition

shown

to further enlarge

which the joint committees on taxation of the Senate
and Assembly gave a hearing Tuesday of this week.
All the other bills had the fundamental advantage over
this proposal, in that they held out the promise of
adding considerably to the revenue of the State,
because the banks, trust companies,

etc.,

made

there-

by subject to new taxation were so fixed in their

though those institutions might
be severely burdened by the impost laid upon them
they could not remove into another State. On the conlocal habitation that,

trary the corporation tax measure, at least so far as

manufacturing corporations are concerned, promises a
loss of revenue instead of an increase.
It must act to
drive out of State organization those whose business
can be transferred elsewhere, and thereby lessening
the number already domiciling in New York, while
also putting

an end to other similar companies organ-

izing here.

the expenditures.

That seems to be an inevitable conclusion. ManuAnother event of moment was the inauguration of facturing, such as continues to be carried on
President McKinley for his second term of service in in this city, is as a rule of a kind that could
the highest office in the gift of the people. It being easily be displanted, and as the margin far profits i&
simply the occasion of the reinstatement of the exist- moderate the tax charge under the new legislation
ing Government for another four years, with even a would in a large class of cases be seriously felt, and
larger majority in support of its purposes and plans hence the enactment would result in a speedy exodus.
in the Senate and House, the transaction of course We do not need to state other objections to the
did not cause or leave any feeling of uncertainty as to measure. Its defective character in many other
Judging from the particulars was very ably presented before the comthe future conduct of affairs.
thought necessarily uppermost in the hearts of mittees on Tuesday by Mr. Charles E. Kilmer, Mr.
the people, the fourth of March this year might most Lawson Purdy, Mr. Prank White, and others. It
truly be called a day of thanksgiving for what the ought not to be forgotten, however, that every piece
country had escaped. All one need do to inspire un- of legislation that drives away a manufacturing corlimited gratitude is to contrast industrial affairs as they poration from New York virtually deprives our
are to-day, and the prospects as to future development, already overburdened real estate of tenants and the
with what must have been the situation had the elec- labor of the city of employment.
tion brought the only other result that was possible.
One of our well-meaning but over- zealous clergyBesides the foregoing a further leading incident has
been the publication by J. P. Morgan & Co. of the men, in a public speech a week ago with relation to
a con- labor and the poor generally, proposed "free bread"
full details of the iron and steel arrangement
which
promises
believe
Among
summation
we
to be epochal, as the universal remedy to meet such cases.
because the harbinger of a new and more permanent his sympathizing hearers one moved as an amendment
term of progress in our home and foreign trade affairs. that "beefsteak and a glass of beer" be added. The
In accord with the quietly encouraging nature of clergyman apparently did not see the strictly logical
What had been prothese events, very naturally our stock market has been character of the suggestion.
strong, sales comparatively moderate, with bonds and posed by him was a method for staying a hungry
man's appetite; the addition was simply a request to
investment properties chiefly in demand.
complete and project his mental process in the direct
We have remarked in the foregoing that the doings line of the original thoug'ht so far as to include
of Congress have of late become much less disturbing a full breakfast. This case only gives prominence

—

the marvelous fact, that
many individuals
the same profession very worthy and highly
men are constantly giving currency
intelligent
just
such
absurd notions with reference
to
and
labor.
We suppose it must be mainly
Oar law-makers to business
of the New York State Legislature.
the
circumstance
that while the sympathy of
due
to
turn
at
kind
a
of work that is
at Albany are taking a

because its acts have not interfered with or indeed
concerned individual interests so widely as in former
years, and have not interrupted the smooth running
of our industrial machinery. Just the contrary is true

to
in

—

—

.

March

9,

THE CHRONICLE.

19C1.]

warm and

these public teachers

is

helpless

ought to be, their

class,

as

industrial affairs

it

is

By knowledge we

more Louisville & Nashville, with $39,033 gain this year on
knowledge of top of $87,833 gain last year. And so instances might

active for the

extremely limited.
chiefly

mean

457

experience, for there

be multiplied almost indefinitely.
In the case of the net earnings the story is much
the same, as may be seen by reference to the large
number of returns for the month of January pub-

nothing except such an education as experience
yields that will put one sufficiently in touch with the
practical affairs of every-day life as to enable him to lished this week on another page.
The Pennsylvania
business.
Consequently, noting return for January as received by telegraph we gave
build up a successful
simply the existence of a class that is poor and last week, and this will serve for purposes of illustraanother class that is rich, clergymen seem to con- tion. On the lines west of Pittsburg and Erie the
clude that there ought to be some leveling process Pennsylvania Railroad shows a trifling decrease in
that would divide up differences in the results of gross and net, but on the lines east of Pittsburg and
work and make all men equal or nearly so. In other Erie there is an augmentation of $1,041,900 in
words, they take hold of a moat intricate subject gross and of $685,700 in net. This follows very noand relationship without being at all familiar with table gains last year, as will be apparent when
the data necessary to speak wisely, and thus from we say that on the combined lines in January 1900
their position as clergymen mislead the poor and no the addition to gross was $1,902,700, and the addition
doubt do great harm, unintentionally of course. They to net $866,000. The following is a six-year compariseem to ignore the fact also, or at least to neglect to son of the earnings, gross and net, for the lines east
draw any comfort from it, that year by year we are of Pittsburg the only portion of the system for
getting into a state in which the provision for the poor which we have the data for such a comparison. It will
is more abundant than formerly and more wisely apbe observed that the net has more than doubled for thi
plied.
In our opinion there never was a period or a month' in the two years, rising from $1,182,697 in
city when and where the poor were so sincerely re- 1899 to $2,462,697 in 1901. We review the company's
garded, so eagerly sought and so liberally helped as annual report for the late calendar year on another
is

—

in

New York

The man that is not able to
man who is able and willing need not
to-day.

work and the
go hungry, except in rare cases, where the ways for
obtaining food and labor are not known or used.

The continued

gains in the gross earnings of our

page.
Lines east of
pittb.

1801.

1903.

1899.

1898.

1897.

1896.

& erie.

January.
Qross earnings
Operat'g expenses

Net earnings..

$

7.466,171] 9,424.271

t
6,312,171

5.089,071

4,7£5,671

4,993.771

4,617,274

4,129,474

3,93e.?74

3.629.474

3,949,974

2,162,697, 1.77e,997

1.1?2,697

1,1B2.797. 1,126,197

1,043.797

5,003,474

railroad transportation lines constitutes one of the

most encouraging

most striking
features of the situation. For the fourth week of
February the compilation we give on another page
shows an increase of 1459 per cent. Perhaps it may
be thought we are comparing with rather a poor
week last year.
Not so.
There was an improvement of about the same dimensions at that
time, the increase then being 1361 per cent.
It

is

that

the

as well as one of the

cumulative

makes them

nature

especially

of

these

significant.

The Southern Railway jesterday afternoon

in-

dividend on the preferred
stock to 2 per cent, placing the stock on a 4-per-cent
dividend basis. This is in line with expectations. In
April and October last year only 1} per cent was paid
creased the semi-annual

each time, and before that much smaller amounts
were distributed. Under the present management
the Southern Railway has been enjoying steadily rising
increases prosperity.
The report for the fiscal year ending

The

im-

last

June showed a surplus

of $1,117,252 over

and

provement extends to practically all sections of the above the 3-per-cent dividends paid out of that
country, and for some classes of roads reaches almost year's earnings. In other words, in that period of
phenomenal proportions. The Norfolk & "Western twelve months the company, though paying only 3 per
for the fourth week records an increase of $82,288, or cent, really earned almost the full 5 per cent to which
over 33 per cent; the Chesapeake & Ohio has an in- the preferred shares are entitled. For the current
crease of $61,769, or about 28 per cent.
It may per- tiscal year the outcome will of course be very much
haps be claimed that these are soft-coal roads, which
are getting much better rates.
Turn then to the
roads in the Southwest note that the Missouri Pacific
has an increase of $208,000, or nearly 33 per cent; the
Missouri Kansas & Texas an increase of $78,117, or
over 33 per cent; the Texas & Pacific a gain of $61,835,
or over 25 per cent, and the St. Louis Southwestern a
gain of $55,998, or not far from 50 per cent. It
must be admitted that crops in the Southwest
the late season were much better than in the previous

better; the figures of net are available for

ing the great shortage of the spring-wheat crop in

on account of Southern Pacific stock. Part
of the money so paid may have come from near- by interior points through special messengers, and in this
case its receipt by the banks may not have been included in the receipts reported through other sources.
The loans of the banks were increased $2,408,500, and

—

months

to

January

31,

and

for these

the increase in net has been $329,816.
in gross for the

the seven

seven months

The

same seven months was no

increase

less

than

$1,321,710.

There was no change in the official rates of discount at any of the European financial centres this
week. The Bank of Bombay, however, reduced its
Last week's rerate from 9 per cent to 8 per cent.
season, and particularly the cotton crop. And yet not turn of the New Yo^k Associated Banks showed an
one of these roads had losses in this week last year, unexpected gain of $1,086,200 in cash, of which
while some of them had very large gains then. We $995,200 was in specie. This increase in cash may
might mention as an instance among other groups of possibly be accounted for by the preparations for the
roads the Milwaukee & St. Paul, which, notwithstand- payment which was made on Monday by the Union
territory, is

its

able to report $72,070 increase for the

week in question, on top of $88,035 increase in the
same week last year. In the South we have the
Southern Railway, with $47,225 improvement in 1901
in addition to $77,876 improvement in 1900, and the

Pacific

.

THE CHRONICLE.

458
deposits were

making

a

augmented 83,327, 100 to $1,012,514,000,

new high

The surplus reserve innow stands at $14,801,100.

record.

creased $254,425, and

it

There were some indications during the latter part
of the current week that loans and deposits would
show a reduction in the statement to be made public
to-day, there having been calling of considerable
amounts of the former, which would probably directly
affect the deposit line.
A loss of cash was also looked
for, chiefly as the result of Sub-Treasury operations,
which have been steadily against the banks.

Money on

call,

representing bankers' balances, has

loaned at the Stock Exchange during the week at 3
per cent and at 2 per cent, averaging about 2:^ per
The payment above noted on account of the
cent.
Southern Pacific deal caused some derangement in
the market early in the week, until the sum disbursed was re-distributed by the trust company in
it was deposited; and later in the week about
$6,700,000 is reported to have been paid by the Pennsylvania Railroad Company for the Long Island Eail-

which

road stock which it recently bought for control,
which payment probably caused some further slight
derangement.
On Monday and on Tuesday loans
were made at 2^ per cent and at 2 per cent, with the
bulk of the business at 2 per cent. On Wednesday
transactions were at 3 per cent and at 2 per cent,
with the majority at 2| per cent.
On Thursday
loans were at 2|- per cent
and at 2^ per
cent, with the bulk of the business at 2^ per
cent. On Friday transactions were at 2^ per cent
and at 2 per cent, with the majority at 2^ per cent.

Banks and

companies have generally loaned at
2i per cent. Time contracts have been quite freely
offered, while the inquiry has been moderate. Eates are
3 per cent for sixty to ninety days, 3^ per cent for four
months and 3^@3^ per cent for five to six months on
good mixed Stock Exchange collateral. The demand
for commercial paper is reported as somewhat urgent,
especially from the interior, while the offerings are
only moderate. Kates are 3^@4 per cent for sixty to
ninety day endorsed bills receivable, 3f @4|^ per cent
for prime and 4^@5 per cent for good four to six
months single names.
trust

LXXn.

[Vol.

more or less affected by the fluctuathe open market discount rate in London and

sterling has been
tions in
also

by the slight inquiry for

this class of

bills for in-

The notable feature of the week has
demand for remittance for the new Frankfort

vestment.

been a
municipal bonds, amounting to about $3,750,000,
which have been practically placed in this country in
advance of the receipt of the securities for re-sale by
Speyer & Co. The inquiry for exchange for this purpose,

coming upon a market

insufficiently supplied,

account for the comparatively firm tone which has
prevailed during the week.
Gold received at the
Custom House $42,190. The Assay Office paid $563,397 50 for domestic bullion.
Nominal rates for exchange have been 4 85 for sixty
day and 4 88@4 88^ for sight. Rates for actual business opened on Monday unchanged compared with
those at the close of last week, at 4 84@4 84^ for long,
4 87i@4 87i for short and 4 88@4 88i for cables, and
the market was firm with a demand for marks as one
feature.
On the following day long sterling moved
upward one-quarter of a cent to 4 84:|@4 84^ in consequence of lighter offerings and a good demand, but
there was no change either in short sterling or in
cables, and the tone was firm at the close.
On
Wednesday, while long sterling was unchanged short
and cables were one- quarter of a cent higher at
4 87^ @4 87i for the former and 4 88i@4 88i for the
latter, but the tone was a shade easier, though not
quotably lower at the close. On Thursday rates for
actual business fell off one- quarter of a cent all
around to 4 84@4 84i for long, 4 87i@4 87i for short
and 4 88@4 88^ for cables, and the market was easy
in the absence of demand.
The tone was steady on
shows
daily posted rates for
Friday. The following
exchange by some of the leading drawers.
will

DAILY P08TBD BATES FOB FOBBION BXOHAHOB.
FBI..

Mar.

Brown Broi

5

60 days

486

I

Sight,...

4

Baling.

MagonnftCo..
Bank Biitlsb

{Sight...,

60 days.
No. Amerloe,.! J81ght„..
160 days,
Bank of
Montreal
i Sight-..
Canadian Bank 5 BO dayg.
of Commerce.. I Sight...
Heldelbaoh. lok (60 days.

elhelmer

&

Co,

5

J

Sight....

days,
LiaiardE^erei... 560
{sight,...

1.

MON.,

TlT»8..

Wbd..

Thttb..

afar. 4.

Mar.

Mar. 6

Mar.

5.

FBL,
Mar,

7.

85

85

485

86

85

85

86

85
8S>4
85

4 88J<

88H

88»<

88«

88H

88X

486

86

86

85

86

85

88«

sua

88«

88H

88^

85

86

85

88«

88H

mi

85

85

86

B8H

88«

85
88
85
88
86

86

88
85
88
86

m4

88«

485
4 88H
486
4 88«
486
488
4 86

488

86

85

88M

8.

85

88X

mi

85

86

86

88X

88J<

86
88
85
88
86

85
88
85
88
85

86
88
88
88
86

The Bank of England minimum rate of discount tlerohants' Bk. (60 days, 486
of Canada
{sight..., 4 88X
am
S8H
88M
88%
mi
remains unchanged at 4 per cent. The cable reports
The market closed at 4 84@4 84^ for long, 4 87i
discounts of sixty to ninety day bank bills in London
for short
and 4 88@4 88i for cables.
3f per cent. The open market rate at Paris is 2f per @4 87i
cent and at Berlin and Frankfort it is 3f per cent. Commercial on banks 4 83i@4 83i and documents
According to our special cable from London the Bank for payment 4 83i@4 84|^. Cotton for payment,
of England gained £455,844 bullion during the week 4 83i@4 83i, cotton for acceptance 4 83^@4 83i and
and held £36,314,789 at the close of the week. Our grain for payment 4 84@4 84^.
correspondent further advises us that the gain was
due to imports of £886,000 (of which £640,000 was
bought in the open market, £165,000 was imported
from Egypt, £75,000 from Australia and £6,000 from
Turkey); to exports of £153,000 (of which £125,000
were sent to Argentina and £28,000 sold in the open
market), and to £277,000 net sent to the interior of
(Jreat Britain.

The

foreign exchange market has been only moderately active, though generally firm, this week.

Bankers' and commercial bills have been in quite
moderate supply, while the demand has been good,
and the inquiry for sight sterling has apparently ab.
sorbed the offerings of running-off bills and of those
resulting from arbitrage purchases of securities. Long

The following gives the week's movements of
money to and from the interior by New York banks.
Wttk Ending Mar.

8, 1901.

Onrrenoy.
9old
Total gold and legal tenders.

Rtceived bt
Shipped bv
N. r. Batiks. N. T. Bonk*.
|5,063,(KX)

(4.694.000

1.341,000

1,107.000

16,994,000

(6.801,000

With the Sub-Treasury operations the

Ntt Interior
Movevient.
Gain.
Gain.

1959.000
834,000

Gain. 11,193,000

result

is

as

follows.
Week .Ending Mar. 8,

1901,

Into

Bank*.

Banks

Interior

moyement, as above

Sab-Treasury operations
Total gold and legal tenders.

Out of
Bank$,

Net Chant* in

Bank Boldinm'

10.994,000

16,801,000

10,400,000

21,400.000

Gain. $1,198,000
Loss. 6,000,000

123.894,000

187,301,000

Loss. >8,807,000

—
March

THE CHRONICLE.

9, 1901.]

The following
iQ the principal

table indicates tlie

European banks.
Mar.

Bank

7,

of bullion

Mar.

1901.

France
*...

Bnsala
Ans.-HanK'y.
Bpaln
ItalT

Netherlands.
Nat. BelR'm*

tion's purposes.

as faet as they
saver.

Total.

Gold.

auvtr.

Total.

S

X

S

X

*

X

86.314,780 85,403.818
86,314,789
86,498,818
t6,106.648 43.798.603 188,8»8.250 76,>^68 341 45,684,972 1Z2,50;!,313
20,486,000 15,105,000 44,691.000 27.626,000 14,180,000 41,7(,6.0(
78,774.000 6,761,000 80,585.000 83,761,000 6,140,000 80,900,001

15.417.000

1,864,200

49,263,000 37.843.000 0,137,000
30 546,000 13.b84,000 16,014,000
17,2«1 200 1^,412,000 1,505.000

5.093 ex)

6.765.800

10.t09 700

S,2S2 000

2,886,000

1.443,000

4,82^.000

2,086.000

14,001,000 le.si&.ooo

should say, too, that the plain

8. leCO.

Gold.

88.764,000 10.400.000

We

reaffirmation of the Governmeni'a ''settled purpose to
afford the inhabitants of the islands self government

•

of

Mugltktxd

Oemian]

amount

459

6,028 000
1,403,000

46.080.0()(

11.280

28.648 OOC
17.007.00(
OOC'

4,47e.00(

Tot.tbi( week 310.812.837 101865602 412.667.930 208.768.150 09,230,972 3eT.067.I81
Tot. prev. w'h 811.106 988 101094946 418.100 034 200.112.112 m.im.sfd 3P8 S10.478

were ready for

it,"

ought to have good

effect.

The peculiar situation in the Philippines, with an
army in the field and the Government's whole policy
under review of the Supreme Court, perhaps made a
more definite outline of purpose impracticable. With
Cuba the case was different, and on this matter, ac"The
cordingly, the inaugural spoke more plainly.
Government
in
declaration of the purposes of this
the resolution of April 20 1898 must be made good.'"'

• The division (between gold and silver) given in our table of coin
and bnlUon In the Banft of Germany and the Bank of Belgium la made
from the best estimate we are able to obtain; In neither cane 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

This is a very distinct assertion, which, while proposing certain policies, excludes some others. It
qualified only by the further statement that
is
believe the division we make Is a close approximation.
"our enfranchisement of the people will not be
completed until Free Cuba shall be a reality,
MR. M'^KINLEY'i^ SECOND INAUGURAL. not a name; a perfect entity, not a hasty experiment
The second inauguration of an American President bearing within itself the seeds of failure." This will
has in the majority of instances been an occasion of be secured, the President affirms, when such fundamore than ordinary interest. This has been so for mental law is chosen by the Cubans as shall be
several reasons
partly natural, partly accidental. "adapted to secure a government capable of perform-

—

The

character of a

new Executive's

first

inaugural

address has ordinarily been foreshadowed by the

cir-

cumstances of his election. He was also, as a rule,
committed in advance by the words of his own acceptance of the nomination or by his public speeches in

ing the duties and discharging the functions of a separate nation, of observing its international obligations,
of protecting life and property and conforming to the
established and historical policy of the United States

Cuba." To these limitations, fixed
the canvass. Cariosity usually centred, therefore, and adhered to in good faith, we do not see that
not on the question what his position would be, but the Cubans can honestly object. The stipulations,
on the question which public issue he would choose indeed, are quite as essential to law-abiding Cabacs
as the matter of first importance.
as to the United States.
The second inaugural always found the President
The President's warning against "profligacy in pubin its relation to

numerous policies of great importance, lic expenditure" is a familiar passage in all inaugural
but it also usually found him confronted with some new addresses; but it applies with peculiar aptness to a
development of public problems, on which his distinct time when overflowing revenues have invited experiand personal outline of policy was a matter of some ments of the sort. Almost while he was speaking the
weight. In a general way, the views of Mr. Jefferson, River and Harbor bill, notoriously loaded down with
Mr. Madison, General Jackson, Mr. Lincoln and Mr. extravagant appropriations, perished in the Senate
identified with

the President's warnstood beforehand; but the circumstances lent peculiar ing. But the showing of outlay authorized for the
weight to their official utterances. The same may be session just closed, and for the Fifty -sixth Congress
said of Mr. McKinley's second inaugural last Monday. as a whole, is formidable enough.
Mr. Cannon, of
Re-entering office at a novel crisis in the policy of the the House Appropriations Committee, reviewing the
Cleveland, on the occasions referred to, were under-

Government, his words,
exaggeration, lay

down

affirmed without

session's

his

party's

formal policy as

fact that the

conditions has very much to do with the different
outlook for legislation; it was therefore proper for

the President to refer to

Mr. McKinley's remarks on Cuba and the Philippines were the part
of the address to which the country pays the most
it.

As regards the Philippines, the President's

words were general and somewhat vague; perhaps
under the circumstances they could not be otherwise.
"our institutions will not deteand our sense of justice will not

that

iorate by extension

work

may be

even the campaign platform could not do. The plat
all campaign declarations, was able to evade
too distinct an outline of policy on many questions.
The inaugural address could not very well do this,
even had its author so desired. Long tradition has
confirmed in the American people a demand for at
least reasonably plain speaking on such occasions.
With the President's comparison of the country's
financial and industrial condition at the opening of
his first term and of his second we need not particularly concern ourselves.
The marked difference in

The statement

a way, responding to

it

form, like

attention.

thus, in

abate under tropic suns in distant seas" is the clearest statement in the inaugural of the Administra-

two

Monday,

called

11,440,062,545

attention to the

appropriations

in

the

Congress was really a reexpenditures, the total appropriations

sessions

duction of

last

of

this

of its predecessor having risen to $1,568,212,637.

But

reasoning Mr. Livingston, Mr. Cannon's colleague on the committee, rejoined that since the
made appropriations
Spanish war
1898 had
of
to

this

and abnormally large in the Fifty fifth
Congress, comparison of the Congress just dissolved
with that before the Spanish war is more significant.
The Fifty-fourth Congress, which expired in March
Mr.
1897, was not looked on as an economical body.
Cannon himself, in his speech on the fourth of March
that year, remarked: "The appropriations are, in my
judgment, in excess of the legitimate demands of the
public service." Yet the total appropriations of that
Congress, $1,044,580,273, were less by $395,482,273
than those of the Congress which adjourned last
Monday.
Nor, as may perhaps be supposed, is this huge increase chargeable wholly to the added expense of the
military establishment.
Xo doubt the greater part
but a few significant items
of the increase lies there
in Mr. Livingston's comparisons, showing such innecessarily

;

;

THE CHRONICLE.

460

crease over the Fifty- fourth Congress's appropriations
as $2,300,000 in outlay for the Agricultural Department, $4,000,000 in that for the District of Columbia,

$6,000,000

in

the

legislative

and

bills,

no

less

than $41,000,000 in that Congressional catch-all known
as the Sundry Civil Bill, give a pretty clear notion of
which way the tide is running. Had the Ship Subsidy
Bill, which nearly passed, added its demands to the
coming season's appropriations, the outlook would

have been seriously confused; the draft of this
measure on the public purse being estimated from
All this shows the
$100,000,000 to $180,000,000.
We agree
persistent
warning.
need of serious and
with Mr. Cannon that, *'in order to reduce taxes,
public expenditure must first be reduced." But we
should also add that, in order to prevent future increase in expenditure, the public revenue must be
This has been done to the extent of
curtailed.
$41,000,000 annually. We imagine that the reduction
will make some difference in any extravagant plans
of the

coming

session.

THE PENNSYLVANIA RAILROAD REPORT.
In treating of the results of the Pennsylvania Railroad as set out in the annual reports from year to
year, one is obliged perforce to use superlative forms
of expression. No other terms would serve adequately
to describe the magnitude of its operations or the
success attending the same. This has always been
the case, but it is more emphatically true on the
present occasion than ever before. For the road is
sharing in a preeminent degree in the prosperity and
activity of the country's industries; the consequence
is that totals which were vast before are now attaining prodigious dimensions, while the surplus of earnings, large even in dull times and under unfavorable
conditions, is expanding in a way to arrest the attention and excite the

The showing
a single word
analysis
ization

— marvelous.

it will

is

wonder of every one.

for the late year can be

summed up

in

As we proceed with our

abundantly appear that this character-

not a bit exaggerated, that

it

a very moderate statement of the facts.

is

really only

Note

for ex-

[Vol. LXXII.

may help the reader to appreciate and realize the
extent of this addition to the net to say that it would

It

pay 4 per cent on an added capital of 375 millions, or
3 per cent on 500 millions.
These figures relate to the system as a whole. If
we examine the income account of the Pennsylvania Railroad proper, which shows the outcome of the
year's operations as far as the Pennsylvania shareholders are concerned, we see revealed an equally
striking tale of expansion and prosperity.
In fact, in
one particular this speaks more eloquently of the
money-making qualities of the property than the comparisons already given.
From the income account
of the Pennsylvania
proper it appears that after
providing for all interest, rental and other charges
for the twelve months, there remained a surplus from
earnings for 1900 of $17,277,530, which compares
with a similar surplus for 1899 of $11,493,802. This,
it should be understood, is without the Pennyslvania
Railroad Co. having received any return on its holdings
($21,000,000) of Pennsylvania Company stock through
which the lines west of Pittsburg and Erie are controlled and managed.
Examination of the detailed
statement of income from investments shows nothing
credited from that source.

With $17,277,530
position was

made

of available net income,

of the

same?

what

dis-

The company con-

and appropriated
than $6,540,785 for extraordinary expenditures (comprehensively termed " amount expended in
revision of grades and alignment, additional tracks,
extension of piers, yards, station and other terminal
facilities, improvement of bridges, abolition of grade
crossings, and other improvements "); even then there
remained $10,230,715. The dividends on Pennsylvania Railroad stock in the late year, it will be remembered, were increased from 5 per cent to 6 per
cent.
The call for the 6 per cent dividend was $8,781,171, which taken out of the $10,230,715 still left
a remainder of $1,449,544, and this was thereupon
transferred to " Extraordinary Expenditure Fund to
complete work already authorized in revising grades
and alignment, and other improvements." In brief,
after having directly set aside 6| million dollars for
Extraordinary Oatlays already made, it was found
that there was left li million dollars that could be
tributed $506,030 to sinking funds

no

less

ample that aggregate gross earnings of the lines
owned, controlled and operated east and west of
Pittsburg and Erie aggregated in the late calendar applied in the same way in the future, making 8
year only a trifle less than 173 million dollars, being million dollars altogether appropriated out of the
in exact figures $172,934,738.
This will serve to give year's earnings for improvements and new property.
an idea of the magnitude of the system's business
Just how much was appropriated altogether out of
and also the enormous extent of the interests served earnings for work of this character we mean for
by the company as a rail carrier. The further addi- the entire system there is no way of telling from
tion to the gross earnings in the year referred to was the report. The 8 millions applied from the reve-

—

over

—

Moreover, nues of the lines directly operated east of Pittsburg
20i million dollars— $20,525,650.
this was in addition to $16,268,817 increase the by no means represents the whole of it.
A further 1^
previous year. In other words, as against $172,924,- millions ($1,550,455) was set aside for the same pur738 in 1900, the total of the gross in 1898 had been pose out ^of profit realized from the sale of securionly $136,130,271. A gain of 136,794,467 in two ties. Out of the income of the Pennsylvania Company
years on a single system what a story of growth, a round million was transferred in the same way
progress and development and also of excellent man- the statement of the Pittsburg Cincinnati Chicago &
agement this discloses. In the net earnings the ex- St. Louis shows a similar contribution of $690,600 by
pansion is no less marked ; the amount for 1900 is that company. On the roads controlled but sepa$54,075,556, in 1899 it was only $45,675,711, in 1898 rately operated further large amounts no doubt were
but $41,459,415. If we include income from invest- set aside for the like purpose, but taking only the
ments and other sources, total net is $64,442,940 for items enumerated, the total, it will be observed, exPresident Cassatt says that
1900, against $54,473,118 for 1899 and $49,295,249 ceeds 11 million dollars.
for 1898.
It will be seen the gain in the net in the as the year was one of exceptional prosperity, it was
late year was roughly 10 million dollars and in 1899 deemed wise to use a large portion of the earnings

—

5 million dollars,

making 15 million

dollars together.

in this way.

Mabch

THE CHRONICLE.

9, 1901.]

In view of the further great expansion in revenues
it is important to note that this baa
followed not so much from an increase in tonnage as
from an improvement in rates.
Taking the lines
east of Pittsburg and Erie for illustration, it is found
that the addition to tonnage was only 4*09 per cent and
the addition to tonnage mileage 5*99 per cent, whereas
the addition to the freight earnings (even after allowing for the inclusion of the Buffalo & Allegheny Val
ley Division the last five months) amounts to over 20
per cent. On what is called the Pennsylvania Railroad Division there must have been a falling off in
the freight movement outside of coal and coke.
For
the report tells us that aggregate coal and coke shipin the late year,

ments over

this division increased 3,303,685 tons

;

on

461

vania acquired the Western New York & Pennsylvania,
obtaining thereby a connection with Buffalo for its
the report shows the company in possession of
lines
$19,402,686 of the stock of that road and $9,123,575
;

of the income],bonds.

As a

result of these various operations, the aggre-

gate par value of the stocks and bonds
creased to $255,059,645

254,489

December

31

owned was

in-

December 31 1900, from $176,1899. The securities stand at

on the balance sheet,
this comparing with $120,362,425 on December 31
1899, showing that over 44^ million dollars in cash
an actual cost of $164,965,438

was spent in acquiring the additional securities. The
money for the purpose came from an increase of
$22,196,750 in Pennsylvania Railroad stock and

the other hand, the movement of all kinds of freight the creation of $20,650,000 of what are termed colover this division increased but|2,913,166 tons, show- lateral investment obligations. These latter will be
ing a loss in other classes of freight of 390,519 tons. taken up as soon as the stockholders authorize a
Such a loss is hardly surprising in view of the halt further increase in the share capital. An interesting

occasioned in certain lines of trade by the Presidential
election and the decline in commodity prices.

The company

realized an average of 6"39 mills per

ton per mile on the lines east of Pittsburg and Erie
in the late year, as agaicst only 4*73 mills in 1899.
This is an addition of 66 hundredths of a mill,
or nearly 14 per cent. Applying this 66 hundredths
of a mill to the 11,548,449,612 tons of

freight

moved

one mile in 1900,

it is seen that it accounts for
$7,621,976 out of a total increase of $10,776,047 in the
earnings from the freight traffic after eliminating

the Buffalo

&

Allegheny Valley Division.
These
simply the lines directly operated east
of Pittsburg and Erie.
The report does not give the
rates realized on the other roads in the system, but
there higher rates undoubtedly also played an important part in swelling revenues, though perhaps
not in all cases to the same extent. A new classificafigures cover

tion was put into effect on the trunk

great

and

moment

was a favoring circumstance of
the Pennsylvania owing to its enor-

this
to

mous tonnage in coal.
The fact that the late

year's improve ment]i,in revenues must be ascribed so largely to the betterment
of rates has an important bearingjupon the policy of
the management in making such extensive invest-

ments

competing roads

in the stocks of

tion of the principle of

community

the express purpose of

— in applica-

ownership— for
promoting harmony among
of

and thereby placing rate matters on a
more sensible and a more durable basis. In effect

rival interests

the betterment of rates'amounts to a justification of
such policy. In the carrying out of this policy the
year was one of the most notable in the company's

We

complete to-day our tabulation of the gross
earnings of United States railroads for the late calendar year. Starting with the totals we gave last
week, which included all roads that had reported
figures of both grcss and net earnings, we add this
week the roads for which we have returns of gross
but not of the net. In this way we get an aggregate
as to the gross still more comprehensive than that
given in our previous issue. In its final form this
aggregate covers for 1900 no less than 176,645 milei
of roadj as will be seen by the following
GROSS EARNINGS OF UNITED STATES RAILWAYS
JANUARY 1 TO DECEMBER 31.
:

Roads.

the preferred stock of the Baltimore & Ohio, $7,000,000
of the common stock of the Chesapeake & Ohio and
$20,000,000 of the stock ($12,500,000 common and ^7,500,000 preferred) of the Norfolk & Western. These
purchases, though large, represent only minority in-

The holdings

of

the

1900.

1899.

Increase.

Decrease.

$

$

$

$

Prev'8ly rep'd (181 r'ds) 1447480898 1340059724 107421174
Additions tor ro'ds included in above totals for only 11 mos. \
6,808,237
5,766,293 1,041,944
which have since reported for Deo
J
Ala. N.Orl.&Tex. Pac—
1

NewOrl. &No. East..
Alabama & Vioksb..

Vicksb. Shrev. & Pac.
Atlantic Vald. & West.
Austin & North west'n.
Central Branch
Chic. Peo. & 8t. Louis.
Chic. St. P. Minn.
Col. Sandusky &

&0m.
Hock.

Great Northern—
St. P. Minu. & Man...
East'n of Minnesota

Montana Central
Indiana Dec. & West.*.
Internafl&CTt. North..
Ipleroceanic (Mex.)
Los Angeles Terminal..
Louisv. Evans. & 8t. L.
Mexican Railway
Mexican Southern
Mobile. Jack.

&

&

K. C...

Ohio
Monterey & Mex. Gulf.
New London Northern
Mobile

& L. Erie.
history.
The report enables us to see just how much 8t. L Ken. & Southern.
8her. Shrev. & South...
stock has been bought in each instance. The company South. Mo. & Arkansas
Car. & Ga. Ext
had acquired up to December 31 1900 $16,000,000 of So.
Tex. Sab. Val. & N. W

in each case.

the statement that on the line

GROSS EARNINGS FOR CALENDAR YEAR.

Pittsb. Bess.

terests

is

between Jersey City and Pittsburg, a distance of 440
miles, 311 miles have four tracks.

lines the begin-

ning of 1900, the effect of which was to advance many
articles from a lower to a higher class. In April rates
on bituminous coal to tidewater were materially increased,

fact in the report

Wheeling

& Lake Erie..

Total (211 roads)

Net Increase (7-98
Mllesof road
*

1,932,968

1,694,789

832,190
765,810

697,801'

21*5,762

220.142
1,334,639
1,417,534
10,342,000
1,083,103

790,715
129,465
156,313
1,263,053
1,319,595
10,488,814
847,405

238,179
41.475
68,010
87.297
63,S29
71,586
97,939

>>••

146,814

235,698

22,926,917 22,018.237
3,194,7511
3,934,745
2,039,6-2
2,000,112
564. ,"^63
645.124
4.177,762
4,222,306
3,947,000
3,948,700
153,744'
112,4131
1,818.011
2,022,637
4,4Kw,60f
4,517,110
754,278
824,305
83.640
130,798
5.385,323
6,009,694
1,265,380
1.389,854
963,294
911,424
1,809,288
2,338.332
1' 5,006
100,769
375,260
585,562
130.666
184,846
229,822
270,706
88,468
123,180
2,488,283
2,890.167

908,680
73y,994

l,419,277.£8fl

113,5:!9,84P

1,632,531,012

.«

39.570
80',S6i

44,544
1.700
41.331
20i,626,

48,510
70,027
47,158
624,371,

124,474
si, 870

529.044
14.2^7
210.302
54.180
40.884
34,712
401,884

286,764

113.2,^3.0-(5

p. 0.)

176.646

171,.^8H

5,^57

For eleven months to Nov. 30.

The magnitude of the foregoing results should not
Long escape notice. The gross for 1900 reaches the impos-

Island Railroad stock do not appear in the list, as this
transaction was not completed until this week; here
the Pennsylvania, as is known, gets an absolute con-

ing total of l,532i million dollars, which compares
with l,419i million dollars for 1899. The incre.^se is
113i million dollars, or 7-98 per cent. If the com-

trolling

pilation could be extended so as

interest.

During the year

also the Pennsyl-

to

embrace

all

the

.

1

. ..

1

..

THE CHRONICLE.

4B2
roads in the whole country,

we should judge the

in-

crease would be swollen, as stated last week, to 120
The improvement for 1900 follows
million dollars.
successive gains in all the years preceding back to
1895.
Here is a summary bringing out that fact.

January

1

December

1894
1806
1896
1897
1898
1899
1900

<o

(251 roads),

(240 roads),
(245 roads),
(235 roads),
(229 roads)
(208 roads),
(211 roads).

Increase
or

1

Tear

Tear

Tear

Year

Given.

Preced'g.

CUven.

Preceding.

31.

Decrease.

Miles.

Miles.
ieo,f52

168.8 iO

159,991
159,822
165,434
167,392
163,99i

16S.«88
176.645

165,656
171,688

161,-239

165,203
168.900

1,085,316,829 1,219,051,931 —133,735,002
1,129,717,3*4 1,062,788.879

1,164,684,506 1,154,450,02.3

+66,928,605
+233,582

1,227,8S4,322 1.162,303,527

+65,580,7fl5

1.315,252,459 1,231,603,430

+80,74(',02J

1,408,523,883 1,276,889,597 +131,684,486
I

Shares. Thcbt Companies—ilT. Y.
100 Atlantic Trust Co

50
30
25
50

Last Previous Sale.

Price.

250

181'^8
Bowling Green Trust Co
396-403ie
Colonial Trust Co
North American Trust Co
270 271
Produce Exchange Trust Co... 182

Trdst Companies— iiroofciyw.
10 Kings County Trust Co
5 WilUamaburg Trust Co

414^4
21513

Feb.
Jan.
Feb.
Feb.
Jan.

1901—
1901—
10011901—
1901—

Jan.
Feb.

1901— 414
1900— 200

230
184ia

400
270
184ia

—The circulation

Earnings.

ifileage.

[Vol. LXXII.

532,581,042 1.419,277,986 +113,258,076

statement of the Treasury Department
issued as of March 1 shows that none of the currency certificates against legal tender notes authorized by the Act of
1872 are in circulation, they having being retired under the
provisions of the Act of March 14 last year. The largest
amount of these certificates outstanding at the close of any
fiscal year was $62,340,000.
These certificates were made,
by the law of last March, unavailable for bank reserves, and
they have been redeemed with legal tenders. Their places
have teen taken for clearing house purposes quite largely by
gold certificates of the denominations of $5,000 and $10,000.

This statement relates to the roads reporting in
— The balances at the New York Clearing House on Tueseach of the years. We estimate that for the whole
day reached the unprecedented total of |24, 170,333. The
United States system of roads the increase of 120 previous high record was ^20,035, 034 January 16 1901, when
million dollars for 1900 follows 140 millions increase the balances were affected by the settlements for the Central
in 1899, 90 millions in 1898 and 75 millions in 1897, New Jersey and the Pennsylvania Coal deals. The large balmaking for the four years together an improvement ances on Tuesday last were due to payments (about one half)

no

of

less

on account of the purchase of Southern Pacific stock by the
Union Pacific Railroad Co.

than 425 million dollars.

To show

the late year's improvement in the case of
J, P. Morgan & Co., Drexel «fe Co. of Philadelphia, and
the separate roads, we bring forward again our table
Morgan, Harjes & Co. of Paris, announce that George W.
of last week enlarged so as to cover the additional Perkins, Second Vice-President of the New York Life InIt indicates all changes ex- surance Company, has been admitted as partner in their
roads now embraced.

—

ceeding 1200,000, whether gains or losses.
PBINCIPAL CHUrOBS IN

GROSS

Increases.

$20,^21^,651 Nash. Chat. & St. Louia
Pennsylvania*
Baltimore & Ohio
6,657,612 Houston & Tex. Cent
Santa
Fe.
Atoh. Top. &
6,411,147 Grand Trunk
Bouthern Paeiflc
4,656,142 Pitts. Bess. & L. Erie.
Illinois Central
4,591,804 Pitts. & Western Sys..
Union Paclflc
3,707,662 Colorado & Southern.
N.Y. Central
3,160,086 Toledo* Ohio Cent...
Southern Railway
2,906,162 Erie
Chlo. Burl, & Quincy
2,900,25
Lake Erie & Western..
Northern Paoilic
2,874,661 Chlo. Great Western..
2,852.587 Chlo. & East Illinois.
L. Shore & Mich. So.
2,6-<2,385 Wheeling &L Erie....
Ohio. R. I. & Paolflc...
BMssouri Pacilio
2,407,212 W. Jersey* Seashore.
Norfolk & Western.... 2,342,560 Yazoo & Miss. Valley.
LouisviUe & Nashville 1,949,270 Ala. N. O. & T. P. Sys.
Chesapeake & Ohio.
Peoria & Eastern
1 ,863,264
Cieve.Cin.Chic.&St.L. 1,789,868 Denv. & Southwest'n..
Mexican Central
1.621,813 Delaware & Hud. Co..
Gt. Northern System.
1,609,104 Indiana 111. & Iowa.
Buff. Roch. <fe Pittsb'rg
1,595,040 Clev. Lor. & Wheel...
.

.

Texas

<fe

Chieago

Pacific

&

Alton

Louis & San Fran..
Ohoo. Oklah. &Gulf..
Denver & Rio Grande.
Mo. Kansas* Texas..

St.

Wabash

& Nor. Western..
Pacitto
Ohio. Mil. & St. Paul..
Mich. Cent. & Can. So.
Chic.

Canadian

Hocking VaUey

Bostou&Maine
Bio Grande Western
Pere Marquette
Sav. Fla. & Western..
Central of Georgia
Kan. C. Ft. 8c.& Mem.
Mexican National ....

Mexican

Internat'i a.

Louis Southwest...

St.

Mobile &Ohio

1,414,443
1,411,413
1,352,469
1,333.733
1,323,441
1,291,100
1,251.199
1,244,327
1,222,802
1,124,966
1,110.938
1,063,438
1,054,478
911,635
905.058
837,946

792,226
784,653
779,024
745.054
709,703
624,371

San Ant. &Ar. Pass..
Chic. Ind.
Central of

& Loulsv...
New Jersey

Kan. C. Mem. ABlini.
OhloRiver
Duluth& Iron Range.
Col. Sand & Hooting.
Bangor & Aroostook..
Sher. Shrev.&South'n
Louisv.Ev.

&

St.

L

$612,924
607,8 5

575,446
529,ii44

504,879
488,317
484,219
472,748
456,653
442,672
424.978
401,884
376,200
360.451
347,664
321,965
312,564
306,480
1476,169

274,771
271,622
270,i;48

261,863
261,>;59

260,421
260,055
235,698
228,156
210,30^
204,626

Total (representing
89 roads)
$113,436,107

Decreases.
Leh.V.RR.andL.V.C.6
Reading
Del. Lack. & Western.
N. Y. Susque. & West.

$542,066
441,353
437,359
281,243

Total (representing
7 roads)
$1,702,021

In this statement we show the increase for the whole Pennsylvania
all lines owned, controlled and oper<*ted both
east and west of Pittsburg.
a For eleven months to Nov. 30.
b For twelve months to Nov. 30
*

RR. System, including

New

York, Philadelphia and Paris. He will be diwith the New York House,
Mr. Perkins
will continue to act as Chairman of the Finance Committee
of the New York Life and on the board of trustees.
Mr.
Joseph P. Ord, who has been a Vice-President of the General
Electric Co., has also become associated with J. P. Morgan
& Co., and will represent the house in some of the corporations with which it is identified.

firms in

EARNINGS IN 12 mONTHS.
Increases.

rectly connected

—A Frankfort

confirmed by Speyer & Co.
of this city, announces that Lazard, Speyer-Ellissen of
Frankfort have taken over the municipal loan of that city
of 15,000,000 marks, bearing interest at d}4 per cent per annum This loan is re-payable at par by annual drawings
within thirty-five years. The bonds drawn, however, will
remain in the sinking fund while the coupons draw interest.
The average life of the securities is twenty-one and a half
years. The loan will be offered shortly in New York through
Speyer & Co. This is the first instance where the whole issue
of a long-term bond of a German municipality has been
offered in New York. The bonds will be steel- engraved and
coupons will be made payable at the office of Speyer & Co.,
which fact will be printed on the coupons. Large advance
subscriptions to the loan have already been placed in this
country, and it is e xtected that the bonds will shortly be
listed on the New York Stock Exchange.
Should this be
done, douttless applications will follow for the listing of
other interratimal sacuriticS.
cable,

which

is

—Fernando Yzuaga, who was a member
firm of H. B. Hollies

Wednesday

&

Co. since

its

banking
organization, died on
of the

after a brief illness.

—James Speyer has been

elected a trustee of the

Union

Trust Co.

—

ITEMS ABOUT BANKS. BANKERS AND TRUST

—The

COS

auction gales of bank stocks this week aggregate 510
Transactions in trust company stocks reach a total
of 270 shares, including 15 shares of Brooklyn companies.

shares.

Milton E. Ailes of Ohio, who was Secretary Gage's Private Secretary, has been appointed Assistant Secretary of
the Treasury, vice Frank A. Vanderlip, resigned.

—The terms of the merger of the Trust
York with the

Company of New
North American Trust Company having been

were made at the Stock Exchange. agreed to by the stockholders of the first-named company,
Six hundred and fifty-three dollars was paid for one share of the merger will become effective on Monday of next week.
-Pursuant to action taken by the stockholders on Februstock of the Bank of the Metropolis, this being the first
transaction in the stock of this bank since January 1900, ary 14 the stock of the Garfield National Bank was increased
from $200,OCO to $1,000,000, and the increase became effective
when the price was $435.
BKarea.
Banks—i»rew York,
Price.
La$t Previou$ Sale. on March 1. The surplus of the bank on that date was
1 America, Bank of
491
Jan. 1901— 495
$1,000,000, and the undivided profits were $116,650 84, This
40 Broadway Bank, National
253
Jan. 1901— 248
4 Chemical National Bank
4012
Feb. 1901— 401014 is the largest capital and sarplas of any bank in the city
314i2-316
275 Commerce, Nat. Bank of
Feb. 1901— 310
located above Pearl Street and Broadway. The desirability
10 Corn Exchange Bank
385
Feb. 19ol— 385
3 Hanover National Bank
500
Jan. 1901— 521
of the increase in the capital of the bank arose from the fact
100 Mechanics' Nat. Bank
2291..5
Jan. 1901— 214
24 Merchants' Nat. Bank
190ia
Feb. 1901— ISS^a that the section in which the institution is located. Twenty6.=H3
1 Metropolis, Bank of the
Jan. 19r0- 425
third Street and Sixth Avenue, has developed into a centre
27 Ninth National Bank
105
Jan. 1901—
95>a
156J2
25 Produce Exchange Bank, N.Y. 160
of great commercial ani industrial activity requiriag banking
Feb. 1901—

No sales

of either class

J

March

:

THE CHRONICLE.

9, 1901.

commensurate with the businees development. The
locality is now occupied largely by department etores, wholeThe bank has
eale houses and manufacturiuE: concerns.
a deposit line of over $8,500,000; it haa large and numerous
personal accounts, besides those of corporations, firms and
estates, and it is now fully equippedjfor the enlarged businees
which is being attracted to the locality. The officers are:
President; C. W. Mpree, Vice President;
Poor, Cashier, and M. L. Douglass, Assistant Cashier.

R.

W.

—

An important measure relating to trust companies has
been passed by the New Jersey Senate, and it is expected
that it will also pass the Assembly. The present law forbids
trust companies carrying on business in more than one
locality in the State; it forbids branch institutions, and it
does not permit consolidation of trust companies organized
under the trust company Act with those organized under
special charters. The bill which has passed the Senate ex'pressly authorizes the consolidation of trust companies organized under special charter or otherwise, and it permits them
to be operated under one control while maintaining different
plants, separate organizations

and separate places

of busi-

provides that the directors of trust companies may unite the respective concerns either in a union or
consolidation, and that all the companies so associated shall
not only retain their respective powers, but that the combination shall possess all of the powers of each uniting company. Stockholders who object to consolidations, and who
demand payment of their shares are entitled to be paid such
valuation of their shares as may be assessed by the Commissioner of Banking and Insurance. In order to effect consolidation consent of two-thirds of the stockholders of each
company is required.
ness.

It especially

The

officers of the bank are S. M. Clement, PresiAlbright, Vice-President; John H. Lascelles,
Cashier, and H. J. Auer, Assistant Cashier.

$1,121,645.

facilities

W. H. Gelshenen,

463

dent:

J.

J.

—In connection with the consolidation of the Girard
National and the Independence National of Philadelphia
nnder the name of the former, it is announced that the
stockholders of the Girard will vote April 2 on the proposition to increase the stock to $1,500,000, and change the
par value from $40 to $100.

— The

Third National Bank of Boston is to reduce its capifrom $1,500,000 to $1,OCO,000. The stockholders willjmeet
on April 4 to vote upon the recommendation of the directors
to that effect. The management feel that the bank can be
managed with equal safety and with larger profit on a capiIt will be remembered that some time ago
tal of $1,000,000.
the stock was reduced from $2,000,000 to $1,500,000. The
fact that the former reduction was attended with satisfactory
tal

results ha? induced the

management

to

recommend

the fur-

ther reduction now.

— At the annual
change

this

election of the Philadelphia Stock

week Beanveau

Borie,

Ex-

President, and J. Bell

M. J.
Austin, Secretary- Treasurer, were both re-elected.
Morris, Chairman, and John Morris Jr., Vice- Chairman,
will also serve another term in their respective offices. The
following were elected members cf the Governing Committee: Forjthe three-year term, H, L Townsend, D. A. Freed,
Edward B. Smith, Edward E. Tolland, R, E. Glendenning,
H. L. Fell and

W.

L, Rose.

For the one-year term Charles

Whelen and W. H. G. Huey were elected. The new term
begins at noon on March 18.
—The Cleveland Stock Exchange last week elected Mulford
S.

Wade to the post of Secretary, to fill the place of F. B. Land—Subscriptions are being solicited among brewing and re- ers, who resigned recently.
tail liquor interests to the capital of a new banking enterThe Continental National Bank of Baltimore, Md., has a
-prise to be known as the United Consumers' National Bank.
new President in the person of Mr. Thornton Rollins, who
The propoEed capital is $1,000,000 and the paid-in surplus
succeeds Col. Wilbur F. Jackson, the latter retiring on acwill probably be $500,000.
Subscriptions are limited to
count of ill health. Mr. Rollins, in addition to having
$5,000 each and none will be accepted for less than $500. It
formerly occupied the position of Vice-President of the above
is reported that $500,000 has already been pledged.
bank, is ah o Vice-President of the Baltimore Board of Trade
—John E. Searles, formerly Treasurer of the original and a director in the Continental Trust Company, the GuardSugar Trust, who made an assignment on Tuesday, resigned ian Trust & Deposit Company and the Firemen's Insurance
from the directorate of the Western National Bank about a Company, all of Baltimore. Mr. RoUins's successor as Viceyear ago, and he resigned as trustee of the Equitable Life President in the Continental National is Mr. George W.
Assurance Society a few weeks since.
Moore.
— Our Buffalo correspondent advises us that some sales of
Messrs. Ervin & Co. of Philadelphia have issued a
the stock of the Marine Bank of Buffalo have recently been circular to stockholders of the Third National Bank of that

—

—

made

at $1,000 per share, and that this price is now bid. The
shares have long been quoted at a high figure, but the present quotation means the doubling of the recent nominal bid

The bank has

price.

held an exceptionally strong position as, with a capital of $200,000, it has had a surplus of
four to five times that amount. Moreover, the institution
lias been managed with such skill and conservatism that with
each new statement a further addition has been shown to
the surplus account. The bank is a State institution, and its
latest return is of date December 4 1900.
Comparing this
return with previous returns we get the following result.
Marine Bank,
Surplus
Qrost
Aggregate r~Price.—^
Buffalo.
Capital. <£ Profit s. Deposits. Jietources. bid. Ask.
Dec.

4
4
May 31
Mar. 10
Sept.

Deo.

4

Sept. 20

June 14
Mar. 30
Deo. 19
Sept. 29

July 23
Apr. 26
Deo. 16
Sept. 15
.Juno 9
Mar. 16
*

Price

1900..
1900..
1900..
1900..
1899..
1899..
1899..
1899..
1898..
1898..
1898..
1898..
1997..
1897..
1897..
1897..

BOW

$200,000 $1,121,645 $7,589,025
200,000 1,077,528 6.926,790
200,OCO 1,015,363 6,221,795
200,000 1,003,996 5,774,395
£00,000
955,419 6,111,912
200,000
911,176 6,391,557
200,000
851,151 7,011,960
200,000
880,315 6,389,771
200,000
860,443 6,288,912
200,000
899,185 5,775,800
200.000
869,285 5,631,707
200.000
845,742 5,865,556
200,000
905,548 5,941,789
200,000
865,560 5,340,708
200,000
873.148 4,414.797
200,000
852,337 3,829,645
(March 1900) Is 1,000 bid.

These fignres

tell

now

The proposal

is

said to be in the interests of parties identified

with the Franklin National of Philadelphia.
the Third
Is

is

$600,000 and its surplus $259,000.

President of the Franklin and Louis
office in the Third National.

The capital of
Henry Tatnall

Wagner

holds the

same

—Messrs. R. L. Day & Co. have taken possession this week of
new offices at No. 3 Nassau St., this city. The offices are
00 the first floor and have been very handsomely fitted up.
Mr. W. H. Rennick, of the firm, is the resident partner in
New York. The house make a specialty of municipal and
high grade eecurities.
their

—

*
$9,910,672
8.204.318 550
7.437,150 650
6,978.394 550
7,267,333 ^50

The question of increasing the stock of the new First
National Bank of Columbus, Ohio, from $400,000 to $500,000
was favorably passed upon at a recent meeting of the stockholders. It is stated the stock was taken at 170.

500

referred last week to the growth in the business and
operations of the Chicago banks, as evidenced by their latest
return of condition to the Comptroller of the Currency. One

7,!i02.735

8.063,113 500
7.470,088 500
7,349,358 500
6,874,980 500
6,700,991 500
6,911.300 500
7,047,340 485
6,406,269 485
5,487,947 485
4,881,983 485

of expansion in every direction.

Gross
over 1}4 million dollars, where in March
1897 they were only about d'X million dollars, so that in the
interval the item has been ju9t about doubled. Aggregate
resources at $8,910,673 compare with but $4,831,983 at the
deposits are

city offering to purchase their stock at $150 per share in cash.

—We

of the banks especially distinguished in this

way

is

the

Chicago National Bank, of which Mr. John R. Walsh is
President. This institution added over $2,000,000 to its gross
deposits between the date of the call on December 13 and
the return just made under the call of February 5. Iq otker
words, gross deposits now are i*eported over 14'^ million
dollars, as against less than 123.< million dollars in DecemCer.
It will be remembered that (as noted in these columns in our
issue of January 5) the bank has arranged to increase its
capital

from $500,000

to $1,000,030.

The record

of the bank's

an interesting one, ani to show this
in a graphic way we have broaght together the
earlier date.
The total of surplus and undivided profits has figures from the various returns made to the Comptroller of
risen from $852,337 in March 1897 to the present fi£ure of the Currency, as follows

growth
growth

in recent years

is

1

—

.

THE CHRONICLE.

464
Chicago Nat.

.

It

Qross

Angregate

profits.

Deposits.

Resources.

$719,162
703,738
688,879
683,679
684.220
677,300
694,972
663,767
647,692
617,156
620,773
630,543
623,078
599,742
608,572
610,643
628,127
601,068
594,092
600,688
598,566
627,964

$14,542,305
12,488,645
12.620,041
12,167;642
11,995,611
11,742,637
11,376,471
12.481,646
13,367,965
10,262,013
9,812,445
12,010,216
11,365,967
11,048,223
10,691,819
12,233,253
9,629,471
10 065,467
9,365,583
9,649,535
10,074.632
7,884,402

$15,811,519
13,742,486
13,858,971
13,416,322
13,229,832
12,964,937
12.581,443
13,655,414
14,533.247
11,395,759
10,948,560
13,155,954
12,549,142
12,163,505
11,846,439
13,389,089
10,802,694
11,213,401
10,505,188
10,795,224
11,218,198
9,007,366

Surp.

Bk,, Chicago.
Capital,
Feb. 5 1901... $500,000
Dec 13 1900.. 500,000
Sept 5 1900.. 500,000
June 29 1900.. 500,000
Apr. 26 1900
500,000
Feb. 13 1900.. 500,000
Deo. 2 1899.. 500,000
Sept 7 1899.. 500,000
June 30 1899., 500,000
Apr. 5 1899.. 500,0C0
Feb. 4 1899.. 500,000
Dec. 1 189S.. 500,^00
Sept 20 1898.. 500.000
July 14 1898.. 500.000
May 5 1898.. 500,000
Feb. 18 1898.. 500 000
Deo. 15 1897.. 500.000
Oct 5 1897.. 500,000
July 23 1897.. 500,COO
May 14 1897.. 500,000
Mar, 9 1897.. 500.000
Deo. 17 1896.. 500,000

dt

,—Priee.^
Bid. Ask.

340
350
325
325
300
300
300
300
300
260
260
260
260
260
260
250
250
250
250
250
225
225

350
375
350
350
325
325
325
....
....

270
270
270
270
270
270
260
260
260
260
260
240
240

will be noticed that gross deposits at |14, 542,305 for

[Vol. LXXII.

per cent, Philadelphia 10-9 per cent, Baltimore 11-5
per cent, Chicago 17 "4 per cent, St. Louis 4'6 per cent and
New Orleans 1'6 per cent.
14'9

Week Ending March

CLSARINOS.
BetAimt by Telegraph.

1901.

New

York....
Boston.
Philadelphia.

tl.290.445.4Bl

Baltimore.....

76,744,857

68,384,121

4-10'»

19.596,640

17.668.969

-1-1

128,922.826

109,788,189
83,083,698
11.876,141

-i-17-4

$1,164,958,867
194,087.692

+48-7

981,241,211

6 days.

»l.e06,874.610

»1,369,041,659

871.108,718

253,920,860

+40-3
+46-8

for week.

«2,a76,988,226

11,612.962,419

+41-2

84,694,980
11,454,688

days.

cities, 6

«i.e74,e33,2e9

Other cities. 6 days
Total

all cities,

A.U cities, 1

Total

day

all cities

+t6-Z
-I-14-9

Orleans.

Seven

P. Cent

»826,870,437
99,08?,4ia

113,875,098

ChloaKO
St. Lonls

New

9,

1900.

1'5

1+4-6
1+1-6

+18n

Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended. The results
for the two months of 1901 are given below and for purposes
of comparison the figures for the corresponding period of
1900 are also presented.

February 1901 compare with no more than $7,834,402 on

December

17 1896, while aggregate resources

now

$15,811,519, against $9,007,3(58 at the eailier date. The surplus account has at the same time been enlarged and the
shares are quoted at 350 against only 225 at the end of 1896.
The increase to $1,000,000 in the stock is not shown in the
above, as only one instalment has yet been paid on the new
shares. The new stock was issued at the high price of $300
per $100 shares, and hence the operation, besides raising the
stock to $l,OCO,O0O, will add a full $1,000,000 to the surplus

fund, making a total of surplus and undivided profits after
the operation has been completed of about 1% million
dollars.
The bank will presently move into its new building, which is in course of construction in Monroe Street,

near La

Two MonthB,

stand at
OueripUon.

Par Value

Actual

or Quantity

Value.

Aver'ge Par Value
Price. or Quantity

Chicago, like the national banks of
the same city, show a very noteworthy expansion in their
deposits in their latest returns. Figures have been furnished
to the State Auditor of Illinois of date February 25, and comparing these figures with those made to the State Auditor
tinder date of December 14 last, it is found by the "Chicago
Tribune" that thirteen State banks in Chicago show aggregate deposits now of $165,178,752, against only $154,029,649
in December. This is an increase, it will be noticed, of $11,149,103. We showed last week that twelve national banks in
Chicago had increased their deposit line between December
13 and February 5 from $230,169,592 to $245,049,616; in other
words for the two classes of Chicago banks combined the
increase amounts to over twenty- six million dollars in exact

—

figures, $26,029,127.

moreover, that this increase is additional to very decided increases in the periods immediately preceding. As compared
with twelve months ago, for instance, the augmentation has
been from $9,861,570 to $13,577,502. In this same period of
twelve months the institution has enlarged the amount of its
surplus and undivided profits from $260,821 to $352,812. If
we had the space to carry the comparison further back, still
more decided expansion would be recorded. Edwin A.
Potter is President of the bank, and the other of&cials are:
G. B. Shaw and Joy Morton, Vice-Presidents; J. R. Chap-

man, Cashier: John Jay Abbott and O. C. Decker," Assistant
Cashiers; Frank H. Jones, Secretary, and W. P. Kopf, Assistant Secretary.

Clearings by Telegraph.— Sales of Stocks, Bonds, &c.—
The subjoined table, covering clearings for the current week,

Price.

73-1
760.

$2014086512 $1481745,749

Total.... $5238.382,750 $3885458,460
108,137,860
82.227.640

Qrain, bush.

Total value.

781
?30

$l,291.t(00

$l,6'^7,00e 118-2

$463,200
$26,800

$389,359 83-9
$60,316 224-7

102,278,M80

73-6

70MO.

71,842.775

$1558588,524

3,907.686,100

The volume of transactions in share properties on the New
Tork Stock Exchange each month since January 1 in 1901
and 1900

is indicated in the following:
%AIMS OF STOCKS AT NBW TOBK STOCK BX0HAN6B.

Month

Jan...
8'eb..

1900.

Value*.

Numl-ir
of Shares.

Par.

Valves.

Number

Actual.

of Shares.

Par.

$
$
80,285,065 2,91J,531,86C 3,081.745.275 9,843,716
21,902,822 2,126,937,450 1.578,947.698 10.195.392

Actual.

$
046.581,487
976,723,025

$
687.243,018
718,677.567

The following compilation covers the clearings by months
January 1.
MONTHLT OLBABINOS.

since

Clearings Outtide

Clearingt.Total All.

Month

$

January.

..

rebmary

P. a.

1900.

1901.

8,f60,540.162

$

7.645,114,093 +40-2
6 434,510.721 +89-8

New

Yorlt.

1900.

1901.

$

10,718,429,094

3,817,314,221
2,736,f45 627

P.Ot.

$
2,980,534,698 +H-S
2,487,979,672 +10-0

The course of bank clearings at leading cities of the country
for the month of February in each of the last four years is
shown in the subjoined statement,

the State institutions in Chicago distinguished for

growth between these two periods, three or four are particularly prominent. The American Trust & Savings Bank,
whose statement in neat printed form has just reached us, is
one of these. The deposits of the American Trust & Savings
Bank are now reported at $13,577,502, which compares with
$12,086,093 on December 14 last. It should be remembered,

Aver'ti

.Actual
Value.

20.0^9,108 $1405920,586
tlt)23306412
$73,848,583
$88,959,200

1901.

—The State banks of

1900.

53,187,877 $3660692,973
nock|8h^: |5037.4«9,300
72-7
aE. bonds., 1197,8:0,400 $163,700,329 82-7
$513,350 „
(lov't bonds
$608,437 110-7
1133.900
$302,310 69.7
State bonds
$75.8(0
Bank stocks
$191,411 266-8

Salle.

Among

Two Month*.

1901.

BANK OLBABINOS AT LBADINO

— February. —

(000.000*
omitted. >

1901.
$
5,S24

1900.

1899.

$

$

3,946

4,551

475
506
345
124
110
77
68
61
49
49
38
36

523
475
364
115
143
104
63

Denver

502
513
389
159
151
85
79
78
59
49
37
35
51
34
26
25
23
20
23
18
9
18

41
30
25
23
22
19
19
16
10
16

39
34
30
30
37
29
24
22
25
17
17
15
10
11

Total

afew York...

Boston
Ohlcago
Philadelphia
Lonls....
Pittsburg.. .
Baltimore...
San Fran'oo.
St.

Olnolnnati...

Ransas

City.

New Orleans
Louisville...

Minneapolis.
Cleveland...
Detroit
Providence..

Milwaukee..

Omaha
Sultalo

Columbus...
8t. Paul
Hartford....

51

8,007

6,105

6,729

Other cities,

354

329

253

Total all...
Ontslde N.Y.

8,361
2.737

6,434
2,488

6.982
2,431

-

CITIES.
1 to February

Jan

1898. 1901. 1900. 1899.
$
$
$
$
3,516 13,025 8,611 10,241
418 1,165 1,067 1,134
411 1,132 1,095 1,027

281
1)1
81

70
60
48
42
42
29
27
27
25
20
21
21
16

16
14
9
12

849
338
320
186
170
167
134
109
78
82
107
78
59
54
52
46
49
40
22
38

763
269
240
169
151
134
107
102
81
79
90
71
56
52
49
42
43
38
24
37

780
258
241
211
130
117
86
87
65
72
79
65
53
47
56
38
40
35
24
25

1898.
$
7,207

926
840
608
236
161
153
126
106
86
95
59
60
58
56
45
45
44
35
35
30
22
24

5,317 18,295 13,370 14,911 11,057

240

784

710

564

518

5,557 19,079 14,0*^0 15,475 11,576
2,041 6,054 5,469 5,234 4,368

pi0ttetargi ^ommtxcinX%vtglts \m\etus

usually appears on the first page of the Chronicle, but on
[From our own correspondent.]
account of the length of the other tables is crowded out
LiONDON, Saturday, February 23, 1901.
once a month. The figures are received by telegraph from
Business on the Stock Exchange this week has been rather
the leading cities. It will be observed that as compared with quiet, owing chiefly no doubt to the setback in American
securities, but to some extent also to the withdrawal of Conthe corresponding week of 1900 there is an increase in the
tinental buyers because of the rise in the securities which
aggregate of 41.2 per cent. So far as the individual cities are they chiefly deal in. For some little time back the opinion
concerned, New York exhibits a gain of 56 "2 per cent, Boston has been growing upon the Continent, and particularly in

J

March

:

THE CHRONICLE.

9, 1901.

Germany and

France, that the war in South Africa has entered upon its last stage and will be quite ended within a few
weeks. French and German holders of South African securities sold very largely all through the past year. The French
were almost entirely under the impression that as the war
dragged out and its cost mounted up, prices would certainly
fall heavily and they would be able to buy back on much
better terms. German holders no doubt were of the same
opinion; but their selling wasin many cases unwilling. The
speculation in industrial and mortgage bank securities had
broken down, and those engaged in it had tojdispose of whatever securities had a free market abroad. German holders
then sold gold shares as well as American railway securities
upon a very large scale here in London.
When, however, the German and French investors began
to buy back a couple of weeks ago, they found that they had
been quite mistaken in expecting to re-purchage on better
terms. On the contrary, prices rose rapidly and are now decidedly higher than when they sold in the course of last
year. In consequence the French are holding off and the
Germans are buying much more cautiously. Continental
buyers, too, have somewhat slackened in their demand for
Argentine and Brazilian securities. Thus, in these two instances the purchasing is better as the week draws to an end

than

it

was

a sum as completely to neutralize the accumulation of funds in
the Bank of England. All who are engaged in the money market are thus unable to foresee the course of events from day
to day, and there is naturally great uncertainty. In the
meantime rates are so much higher here than in Paris that
the French banks are employing in London unusually large
sums. They have not only subscribed for the new Government loan, but they have been discounting bills almost as
they were offered; and they are also employing money on
the Stock Exchange. Were it not for this the value of money
would be decidedly higher in London.
Meantime, as is natural, the value of money is rising
steadily In India. The Bank of Bombay has this week put
up its rate of discount from 8 per cent to 9 per cent, and the
On
India Council of course is selling its drafts well.
Wednesday it offered for tender 70 lacs and the applications
reached nearly 386 lacs. The whole amount offered was disposed of at prices ranging from Is. 3 15-16d. to l8.4d. per
rupee.

The following return shows the position of the Bank
6!ngland, the

weeks past.
Even in Paris there
has accumulated there

is

in

much activity. Money
immense amounts, and the best

not very

observers are of opinion that we are about to see a very considerable increase of activity; but as yet it does not make
itself felt.
The French hold Spanish securities on an immense scale, and the state of Spain is causing some apprehension. Possibly this is one of the reasons of the quietness
in Paris. Furthermore, there have been heavy losses in industrial securities, especially in electric securities. Doubtless, likewise, the liquidation that is going on in so many
neighboring countries has an influence upon the Paris
Bourse. Owing to all this there is not much doing for the
moment; but the best observers think that the pause will
not last long, and that buying on a great scale will soon
begin.

In Germany money is easier, and the hope is still strong
that serious failures will be avoided but undoubtedly there
is a great lock-up of capital in many directions, and the
liquidation of bad business will have to be continued for a
considerable time.
In the meanwhile the various State
and municipal loans that are being brought out are taken
with great avidity. The city of Munich loan, for instance,
which was issued this week, has been oversubscribed many
times.
In Russia the banks not connected with the Government
are in a very bad way. They had fostered a great development of industries of all kinds; but the enterprises have not
been successful, so far at all events; and in the course of last
summer there was a complete break-down. Several banks
failed and others have been kept going only by the assistance
given by the Minister of |Finance. There is thus great depression in trade and great discredit financially. Yet the
Government so far is able to get on without borrowing.
On Thursday the directors of the Bank of England, as
was generally expected, reduced their rate of discount from
43^ per cent to 4 per cent. Curiously enough, while the
Bank rate was thus lowered there was an advance in the
open market rate, the explanation being that Contioental
banks, which earlier in the week had been buying sterling
bills here on a great scale, suddenly ceased, and rates in consequence began to go up. There is also a very strong demand for short loans; and the Bank of England has done
during the week a large business.
In the meantime the Bank is gaining strength. Gold is
coming in from abroad in large amounts, and coin is returning from the internal circulation. During the week ended
Wednesday night the reseve of the Bank increased nearly 1^
millions sterling; and doubtless there will be a further
augmentation in the present week; but it is difficult to form
any opinion as to whether the value of money in the open
market will rise or fall in the immediate future. On the one
hand the Government is collecting the revenue on an unheard of scale, and traders, fearing that an increased tax
may be put on tea and spirits, are taking those goods out of
bond and paying the duty upon them on an unprecedented
scale.
Lastly, the Government asljit receives taxes is re-paying its debt to the Bank of England.
The result of all is that money is being transferred from
the open market to the Bank of England to a much greater
extent than for a long time past.
Therefore the Bank
ought to have complete control of the market and to make
the value of money what it likea; but on the other hand the
end of the financial year is only five weeks off and the Goveminent will have to make immense payments in that time..
Possibly the Government expenditure in March may reach such

of
rate of discount, the price of consols, &c.

Bank

1901.
Feb. 20.

1900.
Ftb. 21

2M07,470

nronlatlon
Pabllo deposits
Jtber deposits

88,4 41.183

Government

11,237,K04

S.UVfi'i

secuiitles

1899.
Feb. 22.

S

£
26,225,355

26.353,465

Ib.ihifii'i
3-!,262.2j8

18.594,7,»0

2W,86il,605
29,217,i;67
Jther securities
91,467,101
24,698.767
aeserve of notes and oolD
35,72«,977
)Oln & balllOD,botb departm'ts 36,06».571
45 8-16
Prop. reBerre to liabilities.. p. o.
6254
4
4
Bank rate
percent.
101 1-16
07 11-16
Consols, 2M percent
27 7-16d.
JUver
28iid.
221 ,932,000 117.084.000
llearlnir- House returni

Messrs. Pixley

&

1898.
Feb. 28.

87.93^.210
15.483.268
88,775.068
18,068,123

s,

earlier.

British investors have been doing very little in either gold
shares or South American or other foreign securities; but
there has been a recovery in British Government securities,
partly because of the belief that the war is nearly ended and
partly because it was everywhere expected that the Bank
of liJngland rate would be reduced and there was a hope
that money might become easier. There has also been some
recovery in British railway securities, though not very
much. Generally speaking, home investors are doing little
and Continental investors are buying less than for some

465

SL

86,783.490
13,b9l,586
85,046,076
24,483,750
84,037,415
44 V6
8

13,H3,174
8.i,b83.8S7
i!4,637,498
8i.062,'«5l

45'4
6

111«

112«
85^d

27 7-16(1.
152.160,000

132,46U,00O

Abell write as follows under date of

February 21
Gold— For more than a

fortnight the Bank has been the sole buyer
and has received a total of £1,134,000 since our last. Of
£903,000 In bars. Included in the above, £494,000 was on Indian Government account, while £203,000 received to-day is reported to be
on New York account frona Paris. £231,000 in sovereigns arrived
from Egypt. The Bank has during the week materially strengthened
Its pueltiOD, and the discount rate was lowered to-day to 4 per cent.
The only withdrawal was one of £47,000 for the Continent. Arrivals:
of gold,

Bombay, £558,000; Egypt, £100,000; total,
£870,000.
Silver— The chief feature In silver has been the continued inquiry
for forward delivery, attributable to the business in options for July
and August. Cash sliver hardened in sympathy in conjanotion with
buying on special orders, and with America asking for higher rates
the price rose suddenly to 28iad. At this level there were free sellers
and the market relapsed to 2838d. cash and 28'7]ed. forward, closing
steady. The Indian price is Rs. 72 >«. Arrivals: New York, £100,000;
Australia, £5,000; total, £105.000. Shipments: Bombay, £156,000.
Mexican Dollars— There has been more business in dollars at about
7ifcd. under the price of bar silver.
Australia, £212,000;

The quotations

for bullion are reported as follows:

GOLD.
London Standard.

;

Feb.
21.
8.

d.

dargold, fine
oz. 77 914
CJ. 8. gold coln...oz. 78
4
aerm'n goldooln.oz. 76 5
French gold coln.oz. 76 5
Japanese yen
oz. 76 4

*

t.

London Standard.

d.
914!

1

77
76
76
76
76

4

8ILVEB.

'

Feb.
14.

:

5
5

4

Feb.
21.

d.
silver, flne...oz. 2838
2 mo. delivery! 287i8
Bar sliver, oontaln'g
do 5 grs. gold.oz.!28''8 iZS'ig
do 4 gre. gold.oz. 28iiie28i4
do 3 grs.gold.oz. iSifi |28ii8
30i«
oz. SOSs
Cake silver
Mexican dollars. OZ.I2773* 2718*

Bar

Do

[

Nominal.

Ensllsh Financial Markets— Per Cable.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Mar. 8.
London.
per ounce

Sliver,

d.

Consols., new, 2^1 p. ots.

For account
irr'ohrentes(lnPan8)fr.
Spanish 48

Anaconda Mining

10225
71

9^

Canadian Paolflc
Chesapeake & Ohio

93

Den.

Do

&

Erie,

& Rio

57^8

91

88%

Paul...

42^
156%

Gr., com....

39''8

St.

do Preferred.

common

Ist preferred

Thurt.

2818

285,6

97 16

9n,8

283,
96i5,e

2318
96iiig
96i5je

28i8
97ii6
977i9

90^

Ohlc. Mil.

Wed.

Ifon.

Top. & Santa Pe..
Preferred
Baltimore & Ohio
Preferred
A.tch.

rue*.

Sat.

97i«
97 k
977,,
02-271S 02-22*4 102-25 02271a
72
7II4
7138
721a
958
10
908
10
59i«
58I4
57%
58k
91'^8
941a
90%
91k

91k

93%

9638

94

94
45

45k

44Bg
15688

40

94

40 k

89^4

89k

901a

29

28"'8

29^8
6678

291a

29

68k

67'8

44 k

44 k

134k

9538

9558

9608

134
9553

2mi
56k

21%
56k

21k

20''8

2II4

& Hudson..
& West'n

55k

65%

147
82 >8

147 14
32J4

1471a

Western
Do
do
prof.
Northern Paolfio, com. .

49 k

85

48 k
85

85lfl

8 5 "s

8538

8638

Preferred

89*«

89ifl

Pennsylvania

76^
15%

76%
15%

89%
77%

•Phlla.&Read.,l8tpref.i 36'4
*Phila.<foRead.,2dpref. 20%
iouthern Paciflo
44si
^onth'n Railway, com. . 25%
Preferred
80^8
Union Paolflc
89%
Preferred
85>9
iVabash
17>«
Do preferred
30'8

3638
20^8
45>e
2538
80^8

79 k

yok

*Phlla.

ARead
<

j

|

I

Do

*

Deb.'"B"

Price per share.

|

56

44
134

341)8

16i«

148
33^8
491a

5638

21k
55k

L48k

147k

49 k

87k

h7%
86k

8638

90

90

7838
1678

78k
165s
36%

37k

45%

45%

2618

2558
8 Ik

81

n23e

93%

94^8

8614

86%

8T88

17%

18

18

56

31i«
56»B

57

90
1

2288
46»8
^558

2'-:

31%

32%
49k
87k
86k

3.5k

3658
2138

3078

90k
28k

134k

Mo.
Preferred

48i«

157
3938

67
43 k

95 1«

<fe

93 k

1581a

40k

9478

Norfolk

157k
90

Louisville

S. Y. Oent'l
N. Y. Ontario

441a

40 >4

43%

& Nashville..
Kan. & Tex., com..

96'?8

89I4
66»s

9k
58k
9338
9518
9438

133%

Central

96%
10235

95

133%

2d preferred

SSiia

96

93

9314
91I4
9314
43^8
15638

66>4
43"4

tlllnols

ft

Fri.

81
!

88
I

18k
32

I

56^8

77k
16k
36%
22%
46k
26k

,

93%
87k
17k
32
57 k

.

...

.

THE CHRONICLE.

466

Week.—The following

Imports and Exports for the
the imports at

March

New York

For week.

for the week ending
FOKEION IHFOKTS.

New York City Clearing House Banks.— Statement of
condition for the week ending March 3, based on average of
We omit two ciphers (00) in all cases.
daily results.

1:

BANKS

Capital. Swrplw.

Loans.

Specie

$

$

$

$

1898.

1899.

1900.

1901.

are

[Vol. LXXII.

Bankof N.T...

S

2,000.0 2,047,2 16,276,0 3,007,0
Manhattan Co... 2,060,0 2,114,4 22,866,0 4,440,0
«3,021,226
82,888,871
$1,694,525
Dry Qoodfl....
$2,700,458
2,000,0 1,096,6 15,841,6 3,130,1
Iderchants'
8,341,588 Ueohunics'
10,103,761
9,091,686
2,000,0 2,245,0 14,049,0 2,403,0
Gen'l mer'dise
8,254,409
1,500,01 2,980,e 22.354,4 4.012,2
Amerioa
1.178,0
6,213.0
l,000,0i
225,6
Total
810,951,867 $13,124,987 $11,980,557 $10,036,113 Pheniz
10,000,0 6,721,6 128,879.0 32,555,6
City
Since Jan. 1
4,660,2
26,319,0
300,0
6,967,6
Dry Goods.... $21,420,614 $26,346,511 $21,674,144 $21,420,622 Ohemlcal
211,1
5,741,9 1,208.4
600,0l
86,404,304 Merchants' Ex.. 1,000.0
73,192269
65,635,567
70,358,311
Gen'l mer'dise
S»37.0
8,919,8
1,925,8
aaUatln
382,1
86,0
1,148,9
300,01
Butoh.&Drov's'
Total9weebB.. !»91, 778.925 $99,588,780 $87,309,711 »77,824,926 Meoh.<& Traders'
214,0
ia4,>2,880,0
400,0
135.3
860,7
173,6
200,0
areenwioh
of
4'!
4,906,3 1,487,7
The following is a Statement of the exports (exclusive
7,7
600,0
Leather M'l'rs..
634,9
217,1
3,877,8
300,0
Seventh
4:
specie for the week ending
370.1
4,684,0
643,3
State otN.T.... 1,200,01
TOBK FOB THE! WBEK.
BXPOBT8 FBOM
American Exoh. 6,000,0| 3,064,9 30,372,0 6,436,0
10,000,0 6,733,0 78,826,9 10,746,8
Commerce
989,6
6,974,9
1,000,0 1,686.6
Broadway
1898.
1899.
1901.
1900.
1,000,0 1,264,2 14,727,6 2.781,4
Mercantile
211,3
2,786,6
484,7
422,7
Paoiflo
1,600,0 1,163,8 20.271,4 4,447,6
$9,957,487 Republic
$7,989,433
For the week. $12,774,866 $13,570,162
784,7
6,343.2
993,3
460,0
84,101,368
71,757,728 Chatham
90,905,167
78,490,339
Prev. reported
154,2
2,104,6
337,3
200,0
People's
817,7 16,480,4 2.982,8
America. 1,000,0
Total9 weeks.. $96,876,234 $104,475,329 886,479.772 $81,715,215 North
8.883,2
61,842,8
3,000,0 6,196,6
Hanover
681,5
3,972,0
435,6
600,0
Irving
The following shows exports and imports of specie at
624,1
3.337,9
384,8
600,0
Oltliens'
472,1
3,734.8
274.9
600,0
ending Mar. 2 and since January 1.
Nassau
for the
1,339,0
6,769,0
1,037,1
900,0
Markets Fultoc
TOB&.
BXPOBT8 AND IHPOBT8 OF 8PB0IB AT
760,2
3.613,6
202,9
Shoe & Leather. 1,000,0
Com Exchange.. 1,400,0 1,807,2 20,666,0 3,932,0
794,2
4,423,7
Importt.
496,2
Exports.
1,000,0
Continental
214,9
2,078,0
401,0
300,0
Gold.
Oriental..
Imp't'TS** Trad. 1,600,0 6,027,1 24,138,0 4,844,0
Week.
Since Jan. 1
Since Jan. I
Week.
2,000,0 3,679,e 54,436.0 17,990,0
Park
231,3
159,'^
1,244,1
260,0
East River
Great Britain
9
$
9
9
5,676,7
Ponrth
...... 3,000,0 2,483,7 27,194.8
France...... ........
98,430 Central
8.095,829
514,0 11,279,0 8,304,0
1,000,0
Germany
........
9,210,0 1,641,0
918,9
300,0
Second
202
083
West Indies ......
616,6
2,979,0
188,240
71,1
750,0
Ninth
'
'14,567
Mexloo
43,907 First
3,506
13,500
600,0 9,483,0 42,316,9 13,399,9
685,6
3,166,8
112,6
300,0
Boutli America
203,935 N.T. Nat'l Exch.
54,286
10,150
364,0
2.790.0
724,7
250,0
All other conntrleB.
300
13,609 Bowery
885,9
3,044,3
397,1
200,0
N. Y. County....
678,9
3,607,8
366,0
760,0!
Total 1901
»3,500 $8,307,719
$561,984 Oerman Amerl.
S69,153i
1,000,01 2,322,7 40,241,1 10,933,5
Total 1900
126,298
847,624 Ohase
134,828
6.403,681
9.061,9 2.347,4
100,0' 1,326,7
Fifth Avenue...
17i!.924
Total 1899
20,790
3.749,814 9ennan Exch...
1,9S9.389
221,7
2,239,7
638,6
200,0,
405,2
3,058.3
818,6
200,0!
Glermania
Imports.
Exports.
985,1 12,022,2 1,674,0
Lincoln
300,0]
Silver.
6,690.7 1,682,4
1,000,0 1,000,0
Gtarfleld
Since Jan. 1
SinceJan.l
Week.
412,9
Week.
2.144,5
348,3
200,0
Wfth
7,649,6 1,344.9
300,0 1,018,2
Bank of Metrop.
436.0
2,613,0
426,4
Great Britain
200,0
West Side
$1,268,980 $8,968,995
$
9
818,2 16,016,0 2,674,0
600,0
Prance
20,231
200,039
3,883 Seaboard
10,137,8
39,827,9
2,100,0 1,998,6
Western
Germany
900
505,0
3,788,0
619,6
300,0
West Indies
"l,693
36.162 1st Nat., B'klyn.
76,476
6,788,1 1,483,3
648,1
600,0
Liberty
Mexico
l'29.968
416,028 CJ. T. Prod. Ex.. 1,000,0
1,000
688,2
4,193,1
379,2
BoQth America
53
108,804 NewAmsterdam
877,6
6,618,6
444,6
250,0
"2',016
other ooontrles.
"i^obo
11,122 Astor
1,2c
4,966,0 1,271,3
320,9
360,0
469,6
2,662,1
334,1
600,0
Hide <ft Leather,

March
HEW

New

HBW

AU

,

Total 1901
Total 1900
Total 1899

$1,291,904
1,024,322

$9,249,456
8,523.024

996.«'98

8.961.907

$131,221
56,365
27.901

$575,999
629,919
536,^55

Reports of Non Member Banks.- The following is the
statement of condition of the non-member banks for the
week ending March 3, based on averages of the daily result.
We omit two fHt>hAr.<» ^00) in '^i.l r^yaes.
BANKS.

Capi-

(008 omitted.)

NMW

ifoaK.

Sur- Loans
plus.

Leg. I. Deposit,

<x

Invent Specie
ments.

&B'k. Clear \

witn

mt

Notes Agent. Bks.<tc

t

t

100,0
300.0
100,0
100,0
200,0
200,0
250,0
200,U
100,0
100,0
100.0
100.0
200,0
100,0
200,0
100,0
100.0
300,0
100,0

128,3
194,7
129,0
55,2
20.4
102,4
69,6
136,8
69,2
176,9
116,4
238,9
54,8
69,8
361,3
180,2
23,8
98,4
60,0

124.6
169,3
161,0
43,3
67,7
63,8
491,6
368,9

Schermerhorn
Seventeenth Ward
Sprague National.
"rwenty-Bixth W'd.
Union
Wallabout

160,0
100,0
300,0
100.0
100,0
160.0
252,0
500,0
100,0
100.0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
iOO,0
100,0

Borough of
Richmond.
Bank of Staten Isl
l8tNat.,8taten Isl

26,0
100,0

68.3
86,5

400,0
250,0
250,0
200,0
110,0
126.0

879,0
566,9
319,2
229,0
460,8
106,5

Colonial

Oolambla
ESeventh Ward....
Fourteenth Street.
Gansevoort

Hamilton

Mount Morris
Mutual
Nineteenth Ward.
Plaza
Blverside
State

TweUth Ward
Twenty -third W'd.
Union .Square.

Torkville

Waghington...
Fidelity

Varlck

1

I

t

1257,9
44.2 135,7 476.1
2237,0 107.0
90,0 189.0
1087,6
42,4 279.7
42.4
1180,4
61,4 222,9
72,8
736,0
1271,9
2079,5
1229,e
1294.C
2375,0
1000,0
3037,0
1135.-/

882.4

2118,9
1428,5
618,6
378.1

389,0

8,1

88,5
125,7
32,2
24,1
176,0
17,0
301,0
31,3
43,9
56,2
107,4
25.7
7.2
2,3

69,6
101,2
86,3
113,9
127,3
157,0
84,8
150,0
162,3
100.2
244.1
129.7

29.0
103.1
315,8
-^08,4
186,'.i

3,0

50,0
....

42,6
160,1
&1,6
191,7
6.1

87,0
68,8
67,0
82,6
65,4

262.0
121.0
144,2

8.5

661,6
114,6
48,3

25,0
4,9

19,3
34.2

37,6
65,6

66,6

..

1

1650,3
2334,0
1385,2
1419.8
764,6
1593,3
2710,8
1469,3
1677,5
2572.0
1001.1
3577,0
1646,2
1112.5
28U0.1
1539,8
491.9
283,9
296,1

Bedlord

Brooklyn
Eighth Ward..
Fifth Avenue.

Kings County
Manufact'rs' Nat'l.

Mechanics
Meoh's' &. Traders'
Merchants'

Nassau National.
National City
North Side

.

People's

1067,6
1476,8
1160,3
330.6
680,0
834,5
2482,2
2867,0
852,3
203,11
16.3
540,1
818,7 3702.0
555,7 2499.0
121,7
762,0
909.0
126,9
663.0
63,4
602.2
76,9
233,7 1078.3
430,6
63,7
586,2
69,4
49,9
649,0
612,0
718,3

12.4
18,6
66,9
11,6
31,4
35,1

318.4
162,6
18,3
4.2

162.0
133,0
12,9
30,8
18.9
10,1

93,9
10,8
25,3
39,0
16.6
33.9

89,6 266,2
116,0
36,8 163,2
23,1
37,0
27,9
69,1
26,9
69,6
197,2 744.6
189,9 174,1
68,9
79,6
34,2
53,2
306,0 683,0
267,0 618.0
68.0
27,0
43,2
43,9
28.6 201,1
40,6
64,0
10,0 189,0
15,6
93,4
60,6
53,8
17,9
47,0
22.6
18.3

87.9
91,8

160.0
221,1'

4,6
1,0

28,8
39,0
....

93.0

By Messrs. Adrian H. Muller

3

Hanover Nat. Bank

2.T

North Am.

2,6

454 7
508,7
682,0

12.0

685 6

....

681,4

Other Cities.

IstNat., Jer. City.
Hud. Co. Nat., J.O

MNat..

Jer. City..

SdNat., Jer. City..

d

Nat., Hobo ken.
Nat., Hoboken.

Fr.

4759.0 260.6 247.9 988,6 1419,8 €813,5
1947.3
87,9
76,8 166.4
80.2 1673
116«,9
1041.8
70 4
18,71 219,6
886,6
997.7
51,4
250,2
46,9
65,4
2054,7 106,9
18,8 140.9
16.9 1747,6
792,9
823.6
49.8
35,6
72.6
8,6

Totals Mar. 2.. 7662,0 8607,8 62046.1 3196,9 3963.1 8880,4 3362.4 71061,3
Totals Feb. 23
7862,0 8675,0181289,613132,8 3922,19428,9 3397.1 7037T1
Totals Feb. 18
7662,0 8675.0 61^13.1 3133.4 40'2S.l 9604,3 3305.0 70708.4

:

Co... 270-271

Bank of the Metropolis. 653
Memb. N.Y. Prod. Exc.$llO
lOCoru Exchange Bank.. .385
197i«
400 Warren RR. Co
I

1

10 Kings Couuiy Trust Co. .414*4

SauMufl
Speincer
at

3,289,81

327
18-1

370
31-6
21-7

180
27-6
24-8
26-6
27-7
.. .
20-1
24-6
26-3
26-6
23-8

22,494,0
6,679,7
2,668,2
18,365,0
68,364,1 36-3
4,267,0 280
3,088,0 23-6
8,468,2 26-3
7,614,1 281
3,837,8 26-6

24-7
24-9
28-9
26-8
l,3'i3.C
31-3
4,783,0
29-3
192,1
3,616,6 30,472,-^ 26-8
1,382,0 15.134,0 80-8
903,0 10,032,0 24-3
3,463,2 260
286,4
1,837,8 47,684,6 31-9
3,412,7 26-0
326,0
3,364,0 20-7
343,0
4,187,2 81-7
442,9
3,472,6 23-9
250,2
1,732,9 48,810,5 26-0
25-6
10,296,2
293,1
3,330,1 34-3
920,9
4,710,2 22-6
869,1
2.098,1 14,345,8 26-2
7,382,0 26-2
284,8
2,247,1 26-2
178,4
8,574,1 239
712.6
3,033,0 26-8
348,0
251
18,413,0
a.059.0
2.468.2 48,280,8 26-0
4,361,0 34-8
989,0
7,048,5 270
425,0
4,076,7 26-4
462,4
8,6«2,0 26-9
920.3
5,622,7 28-9
868,7
1,970,9 26-9
60.8

34,636,0
6,320,4
3,090,0
22,986,0
72,620,0
1,447,4

2,141.0
632,3
348,6

&

Son.

Mechanics' Nat. Bank.. .229*3
Colonial Trust Co. .396-4051*
250
Atlantic Trust Co
i05
Ninth Nat. Bank
4 Chemical Nat. Bank. ..4012
50 Tex. Pao. Land Tr. Cert.
6H
of proprietary int
Bonds.
$1,000 Peekskill, N.Y., water
112%7b, 1904, J&J
$1,000 Yonkers. N. Y., water
1^914
78. 19(16, A&O
$2.oCO Massachusetts State
110%
a^s, 1923, M&N
$5,000 feecurities Co. of NY.
95
4 p. c. consols
$5,000 Lanyon Zinc Co.68.'39 Sl^a

1

.

*5,'-34 Vira:inia
tiflcate,

1

attjft

6 p.

c.

cer-

dated 1871

4

^twaucial.

Trask &
BANKERS,

Co.,

YORK

NEl*^
29 PINE STaBET,
Transact a greneral bankinor businessi act as Fiscal
Aiyents for corporations, and negotiate security
Execute
issues of railroads and otiier companies.
commission orders and deal in

dc

454 7

25.0
77,6

2'0
602

1,120 Bay State Gas Co....iBi«-l
5 Williamsburg Trust C0..21512
28512
15 SiuKcr Mfp. Co
275 Nat. Bank of Com 314I3 316
24 Merchants' Nat Bank...l90»fl
40 Nat. Broadway Bank... 253
25 Produce Exch. Bank ...160

648,1

10010

1,333,9
2,461,0
819,6
5,426,2
6,388,6
3,932,7
26,609,0
71,687,4
6,114,9
16,011,2,

100
30
100
27

.'00

10 Home Insurance Co
10 Continental Ins. Co

6192

38,7
63,0

408,0
773,6
231,3

6,637,71 26ff
7,224.6! 24-4

Stocks.

Slocks.

50 Produce Ex. irust Co... 182
50 Bowling Green Trust Co.lSfs
491
1 Bank of America

3328.5
3159.4

863 2
636

|P.O.
«
16,135,0 25-8
26.357.0 24-9
18.899.01 25-3
14.104,0 220
25,664,4 26-4
6,201,0 24-8
147,568,81 25-7
26,771,8, 28-4

auction.

1343.4
1611,2
1166,3
287,3

37,0 40870
84,0 3072,0
324.6
883.0
69,3
932 3
15.0
6474

»erB«

Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at

Boro'h of BrooHvn.

Broadway

ReI

26-4
76,023,7192,937.9 914,209.4 193B486 73,981,1 10125140

Total

Other DepoiiU

City.

Borough of
Manhattan,

.8t

1,164,0
2,148,0
1,663,7
703,0
2,610,8
108,0
6,H97,2
2,664,6
496,7
825,7
55,2
231.0
168,3
216,7
637,7
340,8
1,638,0
6,483,3
318,8
1.659,6
461.1
1,094,1
942,2
668,6
1,360,6
6,407,0
611.8
204.2

week

York

Deposit*

LeoaU.

INVESTMENT SECURITIES.
Members N.

T. Stock

Branch OfBce.«7 State eu. Aloanj

Bzcbanee

ALBXANDBB M. WHIT» JF.

OBOBOB BARCLAY MOFFAT.

Moffat

&.

White,

BANKERS,
Members New York Stock Kxchange.

So.

1

NASSAU STREET,

-

-

-

NETVlfORK.

INVESTMENT SECURITIES.

'

March

%unkj^

467

of domestic exchange on
at the under-mentioned cities to-day: Savannah,
buying 1-lG discount, selling 75c. premium; Charleston,
buying par, selling }4 premium New Orleans, bank, |1 00
premium commercial, 75c. discount Chicago, 20c. per
$1,000 discount; St, Louis, par; San Francisco, 10c. per $100

The following were the rates

^n^tttt.

New York

D I VI D ENDS.

;

;

;

Same

Per

of i}<ympany.

When

Cent Payable

Bookt doted.
(Day* incluMive.)

Railroads (Steam).

& Cliar.

3

Mar. 6 Feb. 10
to
Mar. 3" Holders of rec.
Apr.
2 xMar. 19
to
Apr.
1
Holders of rec.
Holders of rec.
Apr.
1
Apr. 9 Mar. 21
to
Mar. 15 Holders of rec.

Philadelphia Tiacti m
City Rapid Transit (Mln-

4

Apr.

neapollH, Minn), pf. (quar.)..

1

Atlanta

Air Line

Z
2

Boston & Albany (guar.)
Kingston <fc Pembroke, Ist pref
Maine Central (qiiar.)
N. Y. & Harlem, corn, and pref.

1
lifi

2
2

Southern, prof

Wayneeburg & Wasliington
.street Kailwaytt.

Mar. 13
Mar. 9
Apr.

2

Mar. 15
Mar. Iti
Mar. 31
Mar. 8

Holders of reo. Mar.

1

premium.
United States Bonds.

%

Apr.

Mar. 27

1

Amer.
Amer.

•'

Ch.Jo.Rrs.&U. S.YdH.,com
pf.

1 «s

(qu

Mar.

l^e Apr.
13» Apr.

1% Apr.
2
Apr.
lifl Apr.
1?) Apr.
1
Apr.
6 Apr.

(qu.)
).

Commercial Cable

(quar.)
(quar.)

Hall Signal, com.
"
"
pref
HaA'ana-American, pref. (quar.)
N. Y. & East River Ferry (qu )..
Pennflvlvanla Steel, pref (quar.)

1?»
1

1 34

Royal Bakiui-'Pow., pref (quar.)
Safety Car. Heat & Light (qu.)..
Singer Manufacturing 'quar.)..

1 "4

2

X^

..
Swift & Co. (quar.)
* Xranster bookn not closed.

1

%

)

1
1

Mar. 15

^ Mar.

1930
1930
1918
38,1918

1

.')

Apr. 15
1
Apr.
1
Apr.
Mar. 30
1
Apr.

Flolders of rec.
to
to
to
to
to
of rec.
of rec.
to
to
of rec.

Mar. 10
Mar. 10
Mar. 1.5
Mar. 15
Mar. 21
Holders
Holders
Mar. 12
Mar. 2
Holders
Holders
Mar. 16
Mar. 21
Mar. 22

.Mar. 12

Apr.
Apr.
Apr.
Apr.
Apr.

2
2

Mar.
Mat.
Mar.
Mar.

20
20

1

1
1

15
15

Mar 30

ot reo.

Mar

to
to
to

Apr.

Mar.

PerUxiM.

2

Mar.
4

Mar.

Mar.

Mar.

Mar.

5.

6.

7.

8.

16*
1

Mar. 31
Apr.

1

WALL

-Jan '105>i •105»a *105»s •10538 *10i36'i05H

reg. Q.

28,
28.
38,

11^ Mar.

iMacli.,ooni.

' pf.(qu.)
Beet Sugar, pref. (quar.)
Sugar Kefg., com (qnar.)
"
"
pref. (q«.) .
'•

InUreat

1

inisceliaiieoak.
"

3s,

page followtng

9

Apr.

to

—Sales of Government

bonds at the
coup., at 111 to IIU^; $1,000 3s,
reg., at 111; §33,000 4s. coup., 1925,at 137% tol38i^; f6,000 4s,
reg., 1907, at 113, and $6,500 5s, reg., at llUa. The following
are the daily closing quotations; for yearly rarigeaee seventh,
board include $11,100

Twin

Am. Automat. Weigh

»

:

THE CHRONICLE.

1901.

9.

-

coup. Q. - Jan.1
reg. Q. -Feb.
coup. Q. -Feb.
38,1918, emaU.reg. Q. -Feb.^
38, 1918, smalL.o'p. Q. -Feb.
reg. Q. -Jan.;
48, 1907
ooup.'Q. -Jan.1
48, 1907
reg. O. -Feb.,
4i, 1925
coup. Q. -Feb.
48,1925
reg. Q. -Feb.
58, 1904
coup. Q. - Feb.
58.1904
ruiB 18 ittH price bid at the

106
111
111

MOB

106

•111
'111

111
111

111
113

•110ifl*110i«
•113
113

•114

•114

138
138

n38

•105"'e

•111
1*111
I

•lOS-'e'lOS^
111 '111
111

llOis

113
114

ai4

lUk
111
113
114

IMlOi*
113
"114

*137''8'*137^ •137\ 1377«
137'8 13818*137?, 137%
138
•iim iii''8*iii'4'*iiii4 •11114*11114
111 14 "'11 14 nil- •nii4 *ii 114*11114
morning ooard; no tace was maae.

—

State and K»lln»ad DondH. Sales of Slate bonds at the
Board include $24,000 Virginia fund, debt 2-3s at Oof'^; $101,000 Virginia 6s deferred trust receipts at 9}4 to 10 and $1,000
Tennessee settlement 3s at 96^.
There has been a good demand for railway bonds, as noted
above; transactions were on a much broader scale than last
week and the market continued generally firm. A few

STKEET. FRIDAY, MARCH S, 1901.-5 V. HI.
Mouey Market uiid FiiiiinciHl ISitiLillim.— At the
Stock Exchange attention is again centered largely in rail- notably strong features appeired. including Central of
way securities, the unusual interest noted last week in the Georgia 1st and 2d incomes. Ft. W. & Den. City and Ft. \V. &
iron and sieel is.sues having partially subsided. There is Rio Grande issues, all of which advanced 3 points or more.
reported to be a good investment demand for the former,
A considerable list advanced a point or more, to which
Tiie

especially those of the better class, based on current traffic reports and rumors of still other con.solidations, and it is facilitated by money market conditions. Moreover foreign news
is encouraging, as the weekly statements issued by the Bank
of England and the Bank of France show that the financial
situation abroad is steadily improving, and reports from
South Africa and from the Philippiaes indicate that hostilities in both countries may perhaps be nearing an end.
Many in Wall Street as well as outside regarded the inaugural ceremonies at Washington one of the important
events of the week. The official addresses on that occasion
were generally satisfactory to friends of the Administration and gave little ground for criticism by others. Indeed,
the whole commercial and financial situation has so vastly
improved during the last four years that in active busine.ss
circles critics are not numerous or demonstrative.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 3 per cent. To-day's rates on call were 2 to
%}4 per cent. Prime commercial paper Z}i to A}4 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £455,814 and the percentage of reserve to liabilities was 48*74, against 4594 last week;
the discount rate remains unchanged at 4 per cent. The
Bank of France shows a decrease of 4,175,000 francs in
gold and an increase of 575,000 francs in silver.
The New York City Clearing-House banks in their statement of March 2 showed an increase in the reserve held of
$1,086,200, and a surplus over the required reserve of
$14,801,100. against 814,546,675 the previous week.

belong Atchison adjustment 4s, Central of Georgia con.
Chesapeake & Ohio general 43^s. Erie general 4s, Missouri
Kansas & Texas extension 5s, Toledo St. Louis & Western
43 and Wabash debenture Bs. The latter show a net gain
of nearly 2 points and were exceptionally active, as were
Erie, Central of Ga., Union Pac. and St. L. Southw. issues.
5s.,

—

Stock and Bond Sales. The following shows cbe volume
of business in stocks and bonds on the New York Stook Exchange for the past week and since Jan. 1
Jan. 1 to March 8.—
>-Week end. March 8.—,
SaUB at
1901.
1900.
1900.
1901.
H. T. Stock. Exeh.
»419,'00
»675,950
157,600
11.875,200
Oovernment bondi
686,900
131.000
a30,CO0
763.300
SUtebonds
8.417.600
827,179,900
100.964,200
RR.andmlso. bonds.... 85,873.000

—

.

TotaL
Stocks— No. Shares
Parvalne

Bank shares, par

We

1901.

Capital

Differen'tfr'm
Prev. week.

75,022,700

.,

Stirplas

19C0.

Mar.

1899.

Mar. 4

3.

68,422,700

57,872,700

92,937,900
..
83 342,900 75,728.000
Loans &dlB0'nt6. 914,209,400 Ino, 2,408.500 755,076,100 780,607,700
Olroulatlon
31,309.000 Ino,
84,001) 18,574,300 14,495,200
Net deposits.
1012514000 Ino 3,327,100 829,917.000 914,810,300
Specie
193,948,500 Inc
995,200 158,177,900 198,407,100
Legal tenders
73,981,100 Ino
91,000 62,942,900 54,873,600
Bsserveheld
267,929,600 Ino. 1,086,200 221,120,800 253,280,700

$9,137,300
8,089,439
I197.898.650

valae.

1828.322,750
1103,582,800
68,183,912
23,103,823
15,618.163.200 12.191,579,163
t75,800
189,100

add the following record of the daily transactions:

Week ending
Stocks.
March 8, 1901. Shares. Par value.
S8M92
$37,616,900

Batardar

Monday

875.L6(

Tuesday
Wednesday
Thursday
Friday
Total.

The

sales

862,166
005.841

86,145,960
97,430.100
109.315.950
84,701,500
88,46i.l00

5.146.171

$603,733,600

i.003,316
i.ll6,l93

Sailroad.dlc.

Bonds.

Monday
Tuesday

Wednesday
Friday
Total

U.B.
Bonds.

§5,000

16,500

21.000

State

$500

4,018,500

105.000

S.OOO
S.IOO
34,600

$25,873,000

$131,000

167.600

5,37:i,000

-Boston.-

Saturday

Bonds.

$1,709,000
8,823,600
5,677.000
6,268,000

on the Boston and Philadelphia Exchanges were:
Listed Unlisted
shares. shares.

Thursday

Mar. 2

I26.0ai.e00
6.146.171
1603,733.600

Bond

17,916
67.283
80,610
68.330
33,895
47.818

10,S63
81.236
44.471
3a.V85
80.9b9
23,726

sales.
$65,000
ioa.600
h5,120
103,040
77,100
63,000

310,242

167,280

500,880

Philadelphia.
Listed Unlisted Bond
Shares shares,
sales.
il,i83

81,306
1H.529
18.078
23.^71

S.4ie
8,912
8,754
9.289
8.183
2,805

$71,300
281,100
863,800
179,800
165,970
114,700

129.600

19,562

1,006.870

2'<,795

Note.— Total sales at the Boston Stook Exchange for the week ended
March 1, om'tted last week on account of non-receipt of our telei;ram,
were: Listed stocks, 191,363 shares; unlisted stocks, 107,903 shares;
bonds, $497,765.

Railroad and niscellaneons Stocks— The market forstocks
was generally strong during the gi-eater part of the week
and the volume of business in this department has been moderately large. The demand for railway issues has increased,
Legal reserve
263,128,500 Ino, 831,775 207,479,250 228,702,575 and notwithstanding some irregularity and in many case^
a decline from the best prices of the week, a long list of
Snrplne reserve 14,801.100 [no. 254,12'.I 13,641,550
24.578,125 active shares shows a net gain of from 2 to 4 points.
Tiiere
Both.— Returns of separate ban&s appear on page 46t>.
were a few notably strong features, including Union Pacific,
Foreign Exchange. -The foreign exchange market has Burlington & Quincy, Baltimore & Onio and Chesapeake &
been rather quiet and generally tirm on a steady but not Ohio. The Atchison issues were among the most active
pressing demand for bills. The supply is not large.
.'•tocks and held well up toWednesday's quotations which were
To-day's actual rates of exchange were as follows: Bank- the highest of the year. On the same day Burlington &
Quincy at 150}^ made a new high record Southern Rail^^^' sterling, 4 84(34 84,'^; demand, 4 87
'.£@4 87i.<;
"t^^^^^I 88(d»4
cables,
4
88^^; prime commercial, sixty days, 4 83i<(a; way shares have been in request on dividend prospects, and
4 8d>'4; documentary commercial, sixty davs, 4 83'i@4 84"i4:; there was a good investment demand for several high-grade
5°'' payment, 4 8-1 @4 84^4^; cotton for payment, 4
83 j^ issues.
If.^o'l,
The iron and steel stocks, especially those to be merged in
@4 831^; cotton for acceptance, 4 83!.^(ffi4 83^.
"

rosted rates of leading bankers follow:
March 8

Prime bankers' sterling bills on London.
4 85
Prime commercial
4 831^94 83^
Dociunentary oommerolai!""!
8314*4
4
8414
Paris bankers' (francs).. ..JJ.m
5 18^*ai8ie'
Amsterdam (guilders) bankers'"
40iifia40ia
Frankfortor Bremen (relohmarks b 'kers 94Va94i3ifl
~
)'

*

Less

lis.

Demand.

Sixty dayi.

the United States Steel Corporation, have been relatively
dull and steady, but the miscellaneous list has not been
lacking in erratic features, among which the gas stocks

were conspicuous
4

8894

88>fl

5 16''8al6i4*

406,«t»40^
95149950K1

Brooklyn Union Gas advanced from ISS

to 208^^.
Consolidated Gas covered a range of 17 points,
Reand closes near the highest. American Smelting
fining issues were irregular features, Amalgamated Copper

&

fluctuated widely, Tennessee Coal Iron & Railway and
Colorado Fuel & Iron were notably strong, and Pacific Mail
continued weak.

..,..
..
.. .
. ....
..

..

.

THE CHRONICLE— STOCK

468

PRICES

Page

(2 pages)

[Vol. LXXII.

1.

Yearly Record.
]^ew York Stock ExchSge^Al)aily, Weekly and

March

March

80

21

•20

•55

5fi

•

2.

31
68
56

*ao
•S5

86!4
745i

887t

76H

•901s

•Ben
•164

81

81

9m 90
67

92

•154

166

isa

67^

41M 42?l 421a 48K
89k
38H 38k
•74
74k 749,
74k
144H 146
144M 145

90

94
80
47

47
33
70

79%
48

sak
70k
153H

•191H 193
•17XH 173

9ih

S9H
75H

9a»»
76J<

57

145

34
78

36

75

165
•190

165k
195

43k

434(

6Sk
•88

92

V8

48

471a
33

80
48

130
185

185
175

9H

193

42% 42%
64k
89

I96kl97

310M
•65

44

18k

IPS

3«94

16

28^
64% «5«
*S%
43
62k 53

88

19'

89

2°°

831a

87% 87%
54
89
64
160
149%
- •84
36
67
67
76 78
•68
61

pref.

A Bonthem

164
33

108% 109k
•17% 31

30
51

8C%

50
81

64

56

60

90% 90%
•80

80k

A Bio Grande

reat Northern, pref
VJrr'nB.AW.,deb of!
/ t

'

Deb.

511a

"B

Do

pref.

181k illlnols Oeniral.
Central.
t
27k Lowa

•8

Keokuk A

9

•••••• •••t»l

•

pref.

78

68

••••

••••

•68

ei

93% 93k 93

96

11% 11%
65% 65%

.

68
93

Plttsb. Oln. Oblo.

61
93
S3

Do

31% 33%
71%
71
41% 48

I

26

and asked prices j

OMT8.de securities
i5tre»t RatlTTaya.
" KHW TOBK CITY.

F— Stock

Bid.

36
iMOk
Utmort4sl960...JAJ 100
330
•way A 7th ATe— Stock.
istmort 6s 1904... JAD 1103
106
JAJ
1914....
Mmor 5s
Con 6s 1943— Se« Stock Kxohl
{113
•way Snrr 1st Sign. 1934
Id Hint as rental. 1906 1103%
855
Stock
O intral Crosstown—
{135
MAN,..—
6s 1933
1st
St A Ful

76
61
93

S8
103
340
103
110

.

115

108%
• •

180

Cen Pk N A H BlT-Stook 303% 310
JADj 104 106
OOQSOI 7s 1908

185

ColA 9th Ato 6s-Se» Stock flxchl lit.
136
130
Dry D B B A Bat— Stock.
119
1st gold 6i 1933... JAD U17
108
101
FAA
Scrip 6i 1914
405
898
Stock...
Blghth Avenue
109
105
Scrip 6i 1914
393 410
43d A Qr St Fer— Stock.
73
6S
43d St Man A St N Ave..
lstmort6» 1910.. MAS 118 116
98%
"^tb 100
8d income 6i 1916. JAJ

—

1st.

t.

Ask.

Bid.
Street
ChrlsfpTAlOth 8t-8tock 180

Ask.

«

^

(^r^^^J^^r

Railway.

I

Lex AtA PaT F 5i-S«« Stk Hxoh
Ninth ATonue— Stock....! 196

1

Jan

6% Feb

4

16%Feb 18

18

249iJan

4

31

69%Jan

21

SSk-l&ii

^

Ist.

800

J'lT

Jan

10%Sep

69kJan
46kJan

8u9iSep
15 Sep

7
6
6
16
SSiaFeb
90 Feb 16

41
81

6% J an

3

Jan

2

24

10%Feb 13

Feb 18
4ekJan 8
Feb 7
§335 Feb 19
78 Mar 6
95 Mar 6
126kJan 12
33

.

114

A Bt. L.

PrefTOtlng tr. otf s .
^

2
a

3
IS

18
IS

33
9

8

30
4
4
4

8
5

68

.

.

i

31

47

Not

9

Sep

Apr
l7%De«

S5%Sep
38%Jan

72%Dee

12
8
6
6
6

5

Feb

89

78
SO

49

Deo

J'ne 110 Deo
J'ne 68%Deo
ilSO Jan il35 Mar

18%J'ne

82%Jan
Jan

67

45% Sep
Bep

67
46

Hay

88%Sep

May

57

134%Sep
6

21

47 k Deo

76
39

80

l4kFeb

69

ll89%My
136%J'ne l4&%Deo
11 J'ne 24%Dee

V

97%Mar

J'ne

45%J'ne 71%Deo
87%J'ne 104%No?
27 Apr
14 Sep

36 l307%Sep 1215% Jam

47%Jan
70

17% Apr
4 3% Apr
3%May 6 Deo
14kOot ns Dee
20%Mar 53 Deo
83kFeb 115 Deo
1197 Jan 1340 Deo
47% J an 89 May
68% Sep 89%Deo
84 J'ne li6%Dea
143%8ep 182 Feb
84%Jan 37%Apr
76 Feb 84%N0T
10%Jan 17%Deo
6 Mar
2%Sep

Feb Si
Jan 3e
Jan 81
Jan 36
Jan
Jan

16
4

16
2
10

12
10
Jan 12

163kMar
28kFeb
65
70
63
95
86
77

Deo

36

35 J'ne
36
19 ilSSkJan

1

8
31

27kl>eo

lOikDeo
68 Deo
e%Deo
42%Deo
74% Deo
138%Deo
37%Deo
68 Mar

4 1104 Jan 115

36

23,660 139% J an 3 147 Feb
1,000 17%Jan 21 24kJan
100 07 Mar ] 109 Jan
1,000 47 Mar 1 66kJan
{134%Janl5 139 Feb
137 l208kFeb37 213%Jan
46,700 28%Jan 21 3 5k Jan
79,080 43 Jan 10 49kMar
3,756 83 Feb IE 86kMar
68,360 77kJan 81 90 Jan
18,845 84k Jan 81 89 Jan
680 63 Feb 1 61kJan
89 Feb 35 94%Jan

63 Jan
303,880 142% Jan
24,500 14%Jan
800 83%Jan
73 Jan
"500 67 Jan
300 z88 Jan
39,057 34>aJan
48,840 68iaJan
18,600 88 Jan
65 Feb
••eeei
eoo 93 Feb
7%Jan
1,000
3,300 68 Jan
Jan
80
1,017

6kMar
20%Not
27%Deo
68kDeo
43kDeo
54%Mar
94%Apr

J'ne

18

8

89%Jan 81
108%Jan 81
S336 Feb 18
3,478 67 Jan 8
91,640 84%Jan 4

Readlng,
81%
1st pref., Tot.tr otfs.
71% 71%
tr otfs..
41% 41% 3d pref., TOtlng
Bio Grande Western ......
65
85
•65
85
65
86
66 86
P'?!Do
97%
05
85
95
93 96 93 96
11% 18% C!t.J.AG.Iil. T0t.tr. ots.
•11
12
11% 12k 11% Ilk 68
68
68% 68%
69
65 67
66
8d pref.
Do
27
87
38
27% 36
97
88
38
shares.
no sales were made on this day. ILess than 100
0^ ^ "''^

32% S3
71k 72k
43
42%

81% 82%
71% 12%
41% 421a

86

93

74
69
93

45
39
64

J'ne

30
14

9

100

....
Lake arte A Westernprol
Do
Lake Bb. A Mloh. Bonth

(

75

68kAag 83 Deo

76% 76% Long Island.....
94% LonlsTllleA Nashrllle.... 98,675 111 Jan 21
93% 94% 98% 120%
118%
Manhattan HleT.,oonsol 44.730 168 Jan 21 174 Jan
118% 180
etropoUtan Street
16e%
184
168% 164%
27 Jan 9 33 M&r
S3 33 Met. West Side Hi. (Ohio.) 1,610
88
§33
740 79%Jan 16 86 Mar
pref.
Do
86 86 88
12,050 12% Jan 31 19kFeb
OentraL
6%Feb
17% 17% 17% 'l7k Mexican
3%Jan 34
16,400
Nat'
tr.
roots...
I
Mexican
6% 6%
flk
6
800 107kMar 4 107kMar
Michigan Central
4,330 67%Jan 19 78%Feb
Minneapolis A St. Loals..
77
77% 77
77
600 101%Jan 7 110 Jan
vnlDo
lOBia 109% 108% 110
300 18 Jan 11 81 Jan
Marie.
8.
B.
P.
19
St.
A
Minn.
18%
19
19
100 60 Mar 6 55%Jan
profDo
49 63 *26%
11,980 15 Jan 21 32%Feb
Tezao
Kansas
A
81
Mo.
30% 81%
74,380 4 3% Jan 4 61 Feb
pre*
Do
64% 56%
66
64
28,580 69 Jan 4 93%Feb
Paolflo
89)4 90k Mlssonrt
89% 90% 80
44 Jan 21 80 Feb
Ohio
81
MobUoA
•80% Slk
410 il91%Jan 8 193%Feb
BsseXi, •••,••••
76

91kD«o

J'ne

81

Dec

18

9%8ep

6

Jan

300
60

Om Molnei

Do

36
43
111 113
210% 260

85
43
118
250
76

otfi.

Tjooklng Valley

7t%

SO
41

42 Deo
78kI>eo
11 9% Jan 144 Deo
13
88 Jan 109 Mar
13 11 9k Deo 185 Ang
Oct

31

68%No'

88%Oot
Jan 31
74 Oct
Jan 4
16 J'ne
25 Jan 89 29 Feb 8
9 144%J'ne
4 800 Jan
18,993 188 Jan
5SkMar
14
67%Feb
66 Jan 3
5kSep
44
7kJaa 38 lOkFeb 18 30%Jan
61kMar 8
8
18,940 41 Jan
58 Jan
8.767 69%Jan 81 76 Feb 6
10,185 127%Feb 1 186 Jan 9 110 J'ne
ll%Jan
3
S8
Jan
3,995 21 Jan 81
39 Sep
8,110 48 Jan 31 66 Feb 30
10 Jan
8 28 Jan 16
1,950 21 Jan
7 Sei
4
Feb
1,400 13k Jan 4 19
27%Sep
Feb
8
43
_.
13,300 35 Jan 4

pref
64
Do
36% 87 Kanawha A Michigan...
an.Olty 80. 1 ot. tr.otfg.
18% 18%
Do pref., vot. tr. otf».
40% 41%

27
19
9

111
210%

77% 78

"Vs"

27
54

871a

•41

lit pref.
Sd pref

Ft.Worth

60k 75
76%
131k 131

100
40,800
34,614
4,3U0
5,488

pref.

Do
Do

63k BraniT. A Torre Haste ..
pref.
90
Do

9

80

Do
Erie.

62

85

4 59kFeb
4 16'i Jan

18%Jan

5

BhoreA Atl

689*

9
EO

•8

Dul. 80.

66

40% 40%

118%

6k
16k

ft

70% 71
40% 40%

M

.

'193% 196 MomsA
198% 195 •193k 195 •193% 195
144% NT. Central A Hudson.
144% 145k 148% 144% 143k
143% 145
Y.ObiO. A8t.Loa(s..
8L
20k 20k 19%
19% 30k 19% 80
lit pref
98
101
Do
•98
108
•98
103
•98 102
8d pref.
•49
Do
61
48% 50
48 50 48 50 •134
N T. Lack. A Western....
137k
'134
137k 134 137k
N. T. New HaTOn A Hart
207 212 1808 >C9 307 313
1308 308
32%
N. Y. Ontario A Western.
81%
33
82%
38
32
32% 83%
48k 49k Norfolk A Western pref47% 489i 47% 48J« 48% 49
Do
86k 85% 86% ?85% 86%
otf s
83k 85% 86
83% 81% Nor. Pao. By., TOt. tr.pref.
84% 84k 85k 83% 85
84
Do
88%
87%
88
87%
88
87%
87% 88
Pacific Coast Co.
68% 53% 63% 58%
63% 53k 62% 64
Do 1st pref
88 93
•88
98
•88
93
••••• •••••
64
Do 8d pref
62 64 62 64 63 161%
PennsylTania....iit(.<>>i<
160%
160%
163k
162%
163k
151% 168%
A Bastem
27% 37% 38% PeoriaMarqnette.,
36
26% 26
.•
23% 36
63 Pere
69% 59k 59
67 60
>ref.
Do
74 76

93% 93k
30%

• Bid

.

lit pref.
8d pref.

27% 28

9

•18%

86% 85%
18%
6k

6%

14%

53% 63%

19
33
43
113
250
78
95

•I 30%

•25

A Bt. L.
pref
A WheeUng.

•

81% 31%
46% 47
•88% 83%

•66
•93

19

81k
54% 55%
89% 90%

48
•137% 140
•206 «10

•53
•88
•63

Do

9I2 Colorado

199

•36

4C% 41

21

48

I

Do

44
44
•18% 19
165 168

•5k

34% Sop 99%Feb
47%Feb 6lkDe«
115 Jan 160kDeo
34 J'ne 42%Deo

Deo
Apr
Deo
45%Jan
lOSkJ'ne 148kDeo
38 169%Jan 187kDeo
5 150kJ'ne 178%DeO
6 196%May 220 Deo
7 103 j'nel3a%Deo
11 110 Oct 126 Not
11 173 Feb 175 Mar
31
8%Oot 14%Deo
36% Oct 30% Apr
1,500 83 Jan 21 39% Jan 31
55 J'ne 76 Deo
2,700 78%Jan 26 81 Jan 14
170 11 6% Jan IV 119 Jan 14 103%J'ne 118 Dee
14%Jan 30 Not
3,700 279^Jan 7 37 Mar 6
46 Jan 78 Apr
1,6S0 68 Jan 16 7 7k Feb 8
8%Deo
5 Sep
10,710
6%Jan 81 llkFeb 18
47%Mar
11
86 Sep
Feb
48
8,300 40 Jan 31
20%Mar
14 Sep
700 lekJan 4 SlkFeb 9
16,876 126kJan S 174%Feb 18 106%Bep 134kDee
194%Deo
8,160 xl88kJan 3 302 Jan 8 llikSep
16% J an 34kCeo
4,620 29kJan 21 48kFeb 9
64kJ'ne 87 Deo
1,650 80 Jan 31 89%Feb 9
13 J'ne 21 Deo
8,576 18 Jai. 80 26%Feb 13

prof

OlOT. Oln. Ohio.

76

9%

90

60
76
181
37

37k
63% 64
85
36%

133
35
•41%
41
43
•111
•111
113
'810%
•31C% 350
70k
69 71
93% 93k
93
117%
118 119
163% 164% 163
33
33% 33

•17%

80

75

Deo
Deo

Feb 86
Jan 125

52
93

1

Do

37I2 OleT. Lorain

1981a 198% 198
9

133

9

49

85

9

t%

77%

99% 99k

83'

131
27

37

109% 109k

•19319197%
148% 143%
•18% 20%

52
90

49% 50%
74% 7t%

•107

51

•781a

9

9
50
741a
131

6

20% 81
54% 53
89%
89

•35

6^
14k 15%
87% 28k
65
66%
4S% 43k
51% Slk

198I43OO

86%
17% 18%

109
20

•48

SLV,
•88

85

i7e% 76%

139,
369t

75% 76^
116% 118%

•5k

6k
14% 14%
27H
66% 66k
43
48k
•5k

ek

•30

86

17%

361a

180
186

Dee

89%Deo
89%Apr
90 Apr
88%Deo

55k-Ian

1

133,980 86k<Ian 21 469^Mar
Gheiapeaka A Ohio
8,000 86%Jan 21 41kJan
Chicago A Alton
7,532 72kJan 4 7e9iJan
pref.
Do
286,104
ISSkJan 4 leOkMar
Chicago Borl. A QninoT-.
3,676 91 Jan 2 lllkFeb
Chicago A Bait. lUinoli. .
200 1 30% Jan 8 184 Feb
pref.
Do
11,740 16 Jan 3 3:%Feb
Chicago Qreat Waitem.
1,700
91%Jan 28 93%Feb
Do 4p.o.(lebentar«i.
1,300 77 Jan 19 8 5% Feb
Do 5 P.O. pref. "A"..
8,413 42 Jan 3 64 Feb
Do 4 P.O. pref. "B".. 24,900
23 Jan 21 35 Feb
Ohio. Indlanap. A Lonlir.
8,846 68%Jan 21 7akMar
pref.
Do
8J,604 142kJan 21 163 Jan
Ohioago MUw. A Bt. Panl.
8,076 187kJan 4 19eiaJan
pref
Do
1,980 IflSkJan 21 177 Jan
Chloago A North Weitem.
100 207 Mar 1 322kJan
pref.
Do
80,826 1 16% Jan 4 ia89iJan
Chicago Book Itl. A Pao.
137 Jan
100 135 Mar
Ohio. St. P. Minn. A Om..
185 Jan
t84%Jan
pref
Do
l5kJan
19
3,130
OkJan
Ohio. Terminal Trauater..

.

193k

18% 18%
40% 40%
•8%
9k

17k 17k
5k sk

12591

13%

9%

9%

124%
•135
•170

130
185

13% 18%
35% 86

8k

195
174

54%Jan

513 li5%Jan

4 8% Deo

.

931^

195

173

4,500

New Jerier....

36
59

18%Jan
58kJan

Jan 10

86

4

Dm

16 Sep
40%J'ly

72%Jan
47%8ep

125 Jan
88%Jan 18 919<Jan

Ue Mar

anada Sonttaem

130
30 ^

Feb

81

"400

Canadian Paolflo

do
Do
44
45
44H <4k
44
do
Do
19
18k 18k 19
18k
Delaware A Hndion. ....
1
168k 166k 167% 166
193% 198»<
eU Lack. A Western.
I93I9 i»ik 194 194
194
88% Denrer A Bio Qrande. ....
39% 38
39k 89
39k
39?^
pref
87%
87%
Do
87I2 e8k
88
88k
879*
34
23% 33% •231a 34 Dei If olnes A Ft. Dodge.
24

36

33

109

•125
•178

9k

27%
68% 53%

92k
118%
m%
160% 181k
S3
86

130
185
14

35% 86%

87

53H
35M 36k
•18
18k
89k 89%

111

194

100

A Plttiburg

prof

Central of

BOk 81
48k 60
82% 33k
S2k 33
71%
71
71k 71
163 154% 153% 1549t

194

13%

9k

48%
74%
130%

53

88
41
113
350
70

.

48% 48%

1B3>»

•175

23

*130k 130?i
i25H 3ek

•SO
41

93ifl
93
•79k 80

•75% 76
75k 76
76
76?t
•114% 117
114
1114
•114 116
116
•85
37
87k
37
36
35
35J4
77
761a 761a 7S
75^2 76
5

9

9

191a

92%

76H

48k 48k
73« 73%

•8

130

130

18% 19k

81

185

ISk l3W
86k 86k

•145«

•86

789*

Buffalo Booh.

194k
173k 174
2099i 209%
135% 136% 124% 125%

130
186

•5k

89

i94'*i95

163
193
173

1

24

53

76

1661a

166

127

48% 48%
32ig 83k
71k 72%

3391

S9k
87«

64

afi%

8OI3

17iik

173

I6£k 105^

39k S9k
•86« 87k
22k 22k
6
•5k
•14k 16k
88k i8%
64
64M

941a

Feb 30

30

Feb 80

30

1,844

pre'-

Sighttt,

Lowest.

Highest.

Lowest.

j»ret-

OHS year (1900).

SSkFeb 2S 60 Mar 8
168,310 42kJan 21 58kMar e
A.toh. Topaka A Santa Fe
7
pre' 322,610 z8'^k<IaD 21 e2HMar
Do
9 5% Mar 6
4
Balt.AOhlo,TOt.tr.oertfi. 76,960 Sl%Jan
66,877 83%Feo 28 t)4 Mar 6
pref.
Do
93,62S 73kPeb 27 87%Jan 12
Brooklyn Bapld Trandt.

43% 45k 44%
8S% 39k 38% 39k
74% 75% 76% 76>,
148 149% 147% IBQJf
106% I09>v
1C7 107

43k

19% 1W%
92k 92%

80k

79M

4Sk *^H
18k IB'^

193

03

ArboT
Ann
Do

23
60

S9k
68% 57%
91% 98
92% 93k
93%

93k 93k
7S% 7eji

74% 75

130

79>i

8%

8k SH
42M 43
18k

17k

69
68

isa

1489< I6OI3
1069i 10^94
138M 1»»94

107

92

14k
38k 86k

76

58

Week.

Railroad Stocks.

30

56%
91% 93k

155

155
43
39

148S1

126^ 184M

• • • • •

82

x89k 89k
90K 91X 90%
57^
57
67k 57% 61% 67% 156

154k
43H 48'^
38H
7«« 76

124
•125
•li5
14

76
1116
35

7.

•21

"

76k

166

170

7eV6

29
87

58k
89% 02%
92k 96%
9i% 94

92k
B7k

•91

Ii70

36%

March

6.

N.Y. STOCK EXOH. Shares

8.

Do

8351

im

76%

56

66
57

7ik 71« 72>«
.S9k 168^ isak 163k
193
!l92 192^ 193

125
185

85T«

30

71

123H18*

125
•175
14

21

«1

108H
106>< 107k 106k 1'65K 138
l27 130
135 130
19k
20
19X 1»9«
•90
•78

6.

66k 6^]»
88« 8Hk

56^ 67H
88k 80
9 « 9'H
88H 89k
74
76k

5SM
88H 88k

56

March

March

Range for

for year 1901.

On basis of loo-sh're lots

of the

STOCKS.

Friday,

Wednetday Thursday,

Tueiday,

Uonday,
March 4.

Ailurday,

Range

Male*

BTOOKa-HiaBSaT AND L0WBB2 SAL E FR10E&.

J'ce

Jan

55%Jan
49%Sep
78

J'ne

15
49

Sep

38k Deo
46%De«
83 Dee
86kDeo
olkDee
63 Not
90%Deo
69kOot
149%Deo
18 Deo
35 Dee
73%Deo
80%Jan
94
96

Jan
Deo

71%Deo
39%Deo
80 Deo
80 Jan 05%Deo
8%Deo
6 May
38%May 64%Dec
ll%J'nel 81%Deo
Jan

33%Sep
43%Jan

Feb
Feb 11

aiVVWl RAILWAYS,

dkC,

i^g^^g^jg^'^i^^gg^^g^^^^^
Railway.
Str
Street Railway.
HO
Ask.

Bid.

806
Second Arenue— Stock. .. {107
istmort 6s 1909..
1118
Oonsol. 5s, 1948...FAA
310
Sixth ATenoe-Stook.....
{111
Son Bonier 6s 1946. .JAJ

MAN

!308
;108

130
i315
!ll6

Bo FerUt5sl919..AAO {1.08
Ust.
Third Ayenue— 5ee Stock Bxch
109
TawyWPAM5s.l988 107
TonkorsStBRSj...... 104% 107
113
38th A 29th Sts 1st 5s.. '96 {111
Twenty-Third Bt-Btook. 400 410
106
103
Dob 6s 1906....... ;JAJ
nmnn Bt 1st 6s '43.FAA 118 114
I

eet
^ig:.|lg:^
Westohestlst5s'48..JAJ «10»
|

BBOOKLTN.

^^
.AAO 118

Atlan. ATe.,5s I909.AAO {107

Oon6sgl93i..
Impt 5i— Sm Stock Bxo
B.B. AW.B. 5s 1933. AAO
Brooklyn City— Stock....
Cons 6s— Se« Stock Hxo

hlUt.
101
£89
hange
BklynCT0sstn5sl 908 J *J 106
BklnHgtBlsl 5s 1941A&.0 105
B'kyn Q Co. A Sab— See St ck Bx.
Bklyn Bap.Tran.— 8m 8t» ok Kt.
.

109
118
108
341
Ust.
*

...I*

109
list.

r.tst

J

Mar.

9

THE CHKONICLE,

1901.]

,

.

.
.

. .
..
.,
..
)
.

STOCK PRICES

BTOOK&^HieHBBT AND LOWEST 8ALB PBtOBB.
Monday,
March 4.

Maturday,

March
681^

2.

60

69yi
S6J4
•80

31H
88^
61M «*H

3iJ*
•Bl

^

S6ii

'i7

67

B8K

*3% 43«
»iH aoH
78« 7UH
88H 29

•119
18
33
71

lao

64

rue«dav,

March

7m
3794

71V4
37?^
8a>«
6414

26« 87H
S8)4 6»M
48M tm
36V6 26H
79
8314

119

33
71)4

875<

879i

84

88X
17U 17M
a9M 3:)
13M 14
*B8
64
»9H a9H
•18V<
*i8

39^

160

9eM

84)4

85

87!»«

87

•85

185

il86

•189

86H 3e«
68
68H
9K 9«
39M
87H
4H 6

97>4

9^
4H

85>i
81

89
81

89M 40^
9Syi

85}^

101^
laox laiN
100

I16«

15M
7ax 78^

30)4
18

43^

48»

190
68

994

48H 4a«
125

"«

,*P
194)4 196
48)4 47X
.

86

80
88

8754

5(iH

210

•92
ai
•78
71
.»2
25
»77

94

83^
143)4

•94
98
63)4 03
10194 lOlM
I8I94 12394

100
la

im

•

83)4

•

47)4
99
100)4
8894
83)4
89>4 89)4
4894

99

46

44

4694

88M

83
212

4594

89)4

83
816

46M

aiM 84
74%

74

78

71
•89i

•2794

89

94)4
15)4

88
44

15H

86

78

79

8994
94)4

45M

108
55

4414
79)4
4694
10894
6594

77

78

9

8

8

88

38)4

34

87

198)4 198)4

10194
3i)4

78

PaoifloBy
UTnlon
...pref.
Do

17% XXTabaih
••••<
pref.
30% 3lH
Do
14% 15)4 Wheeling A L. ., new
•66
57
litpret.
Do
8d prof.
81% 81V,
Do
18% 18% V7ltoon. Central, new
pref.
143% 43%
Do
niscellan'* Stooka.

W

. .

1896

48

896
37)4

9)4

88
6
36

8%

9)6

87%

38

494

4%

5)4

Amerloan Cotton

V,

98
08
0896
10194103
119>4 121
146 140

96

American Ice

....

••.••••

Do

pref.

9
8794

Amerloan Llnieed

5

Amerloan Bfalttag

Do

pref.

American Taleg. A Cable.
Amenoan Tin Plate

iee

61% 63

70)4
4

53

68

61

148
Bid and

4394
889(
83)4

814
48)4
8396

75
71)4

•89)4

•8%

—

6%

28H

88)4
78>4

6

10

8894
94)4
1596

86
44

183
•98

18
89%
92

15
8996
94V,

7894
4d)4

«77}4
•8

77)4
9

78

46)4

40

35

35)4

8

70

70>4

71

71
3)4

31)4

3094

31)4
18!4

7194

73

4994
81)4
16;i

•57
18
7394

58

58

58

13)4

18«

74

74

18V,
74>4
19)4
80)4

ISM

10M

71V,

IBM 19H

73

Street Railway.
Bid. Ask.
Ooney Island A Brooklyn. 385
.....
lit 6s 1903
J&J 109 108
fa oertfs Indbtl908. AJ 100
B'kCANew 5s'39.JAJ 114%
Sr.St.&New IstSs'OBFAA 104
105

A Larimer St, 1st 6s 106
Kings Co. Hlevated.—
1ft 4s 1949— fits Stock Bzch.
ITas san Bleo pref
c
76

tf'p't

list.

fil944
AAO 110
litis 1961
JAJ i 96
lfewWmb'gAFllstex^4%8 104

80
114
97
106

Bt«lnwaylst6sl938. ..j£j (117

1118

81%

3% 3%
49% 66

83)4

3094

81)6

•16%

16%
78%

18)4

73% 73

58

53)4
12)4' 12)4
74M 7494

160

63
108
34
168

»'jb"

'V/U

pref.
,

pref.

NatlonsU Steel

Do

pref.

Tube Co
Do
pref.
NewCentOoal ( new itook

National

N.T. Air Brake
North

Amenoan Oo

Do

new stock

30%

33Vi Preiied Steel Car

73>t

74

07

esN A» Do

Do

pref.

p

4

71
4

Standard

Do

158%

pref.

BopeA Twine..

Dnlted Statei Bxpreii....
12)4 Dnlted States Leather. . .
75
Do
pref.
19% OnltedStatea Bnbber

137

88%

Do

Railway.

pref.

urelli, Fargo A Co
88%' '» Mt. Dillon Talesrraph

140

88

ILeas than 100 shares.

Bid.

Bz 100

t

7

p. 0. stock dlr.

.

. .

Columbus (O)StBy......

88

9H%

53%Jaa

4
4

17 Jan
41i2Jan

41,8-<3

3
4
81

10%Jan

88,210
149,815
67,330
10,700

Jan

18

Range for prt9t<m« year (1900).

BighuL

Lowett.
8

8
16
»!9V,Mar 8
37% Feb 13

"8%J'ce

34)4 Deo

01

78 Deo
55 Dee
l8Hl>eo

4

21%J'De

S9%Mar
25)4

Mar

8ep

31%J'ne

4
4

8% J'ne
4 5)4 Deo
30%jBe 4;%Dec
1096J'ne 23%Deo
49%J'ne 73%Deo

6

18%J'ne

9
8

46%Mar 13S%Jan

49!4Jan 31

87)4Jan 31 7»%Uar
aS>4Jan 3 31 Feb
1,893 118 Jan
3 129iaJan

a>?%Deo

lO%Feb 16 14 Mar
30 Feb 15 3i%Mar 7
86%Jan 21 78% Mar 6 ei%J'ly
147%Jan 80 l47%Jan 30 136 Jan
78XJan 4 a7HFeb 7 44%Jan
81%Jan 21 90% Feb 7 70%J'ne
ll%Jan 3 lOHFeb 8
6%Mar
38%Jan 4 34%Feb 8 16 Sep
ll%Jan 31 15%Feb 16
8 J'ne
63 14 Feb 1 60 Feb 7
44%Bep
a7v,IaD 21 34%Feb 8
81%J'ne
14 Hi Jan 21 19% Feb 14
10 Sep
88v,Jan 17 45%Jan 31
30 Sep

4,664
9,6*19

8,130
24*1*876

26,879
7,825
36,785
11,785
1,184
4,867
3,560

667

1

Ss.

Grand Rapids By
18C
107
360

Pref.....

J

1

1

'

list.

108%
106%

84%
104
40
100

36
86

20"0

Mar
Mar

7
1

34 Jan 80
1,109 I1U9 Jau 13
19,510 31% Feb 81
S,310 67%Mar 4
18,633
S%Jan 24
8,883 31 Jan 84
1,100
4V2Feb 4
1.341 84 Feb 1
68,980 4 5% Feb 28
19,810 88 Feo 88
34,9)10 33 Jaa 18
4,950 09 Jan 18
89,370 38 Jan 31
18,100 83%Jan 21
405,385 ISlVjJan 21
710 117v,Jan 3
100 194 Jan 7
17.680 65 Jan
4
9,086 87 Jan 19
108.118 llO^aJan 81
1,080 137 Jan
2
1,770 i5)4Mar 8
1,076 71%Mar 8
31,360 40%Jan 21
3,196 175 Jan 18
600
8% Jan lU
10,376 41% Jan 31
...... 117
Feb 1
1,100 14 Jan 18
108,936 187 Jan IS
81,930 38^Jan 4
6,0 UO 93%ian
2
388 25 Feb 83
63 81%Feb 88
900 88 Feb 19
18,790 41 Jan 29
67,098 68 Jan 31
1,100 72 Jan
2
13,836 183V,Jan 10
8,400 46 Feb 16

70%Deo
Deo

146

81%Deo
8 5% Deo
14 Deo

Deo

37

18)4 Deo

58%Apr
33%Mar
20%Mar
57 Apr

Hob A Pateraon

J'ne 37%Apr
88%9ep 100 Apr
34%Jan 37 Not
Deo
11 4^ Mar 191
87%J'ne 49%Apr
80%J'ne 78% Feb
5
8 Nov 16%Feb
1
31%D3o 80 Feb
7%Jan
11
3 J'ne
7
18% J'ne 31% Jan
59%Deo
IS
34%J'ne

31v,Jan 3
9iv,jan 6
37 Feb 28
195 Feb 15
41%Jan 9
70V,\lar 8

9% Mar
89%Mar
5% Feb
37 v,jan

30

eSVjlan
100 Jan 10
37%Feb 26
89 Feb 18

147% Jan

17

181

Mar

Feb
Feb 26

J'ne

64%Sep 86 Feb
a8%J ne 59%Apr
Feb

95

69%J'ne

95%Mar 149 Deo
107 Mar 118 J'ly
187 Sep i 98%Jan
18 J'ne 57%Deo

2

197
79

Nor
50%Feb
99

85 J'ne

S3%Feb 11
101%Feb 85
7

103%Mar
122%Mar
149 Mar
21%Jan
76%Jan
4J%Mar

70%J'ne 92 Deo
84%J'ne J}^'**^"
6 128 May 140 Feb

3ll^Mar
4H%Feb
103 Mar
S7%Feb

8 tl84 Sep 201 Not
3J
ai%May 40%Deo

4
5

83%Deo

81%Dec

2
2

Deo 79%Deo
5
37%J'ne 5 4% Apr
808% Mar 8 140 Jan 183 Deo
10%Feb 7
6% J'ne 10% Jan
66%Jan 3 89%8ep 56%Deo
138 Jan 14 117 Oct 131%Jan
18% Jan a ll%J'ne 21 Apr
78

8
15

70

May 95 Not

89

98%J'ne
58(4 Deo

83>4Feb 18

89%Mar
69
90

Sep
88%J'ne
00%J'ne

5

Jan 8
Feb 26

79 H,Deo

83%Mar, 8 84 May 81 J'ly
Feb 80 120 Jan 300 Deo

318
58

7594 vlar

6

Not
Not
26%N0T
14%Mar
58 Mar 75 Not

Mar

8

24

J'ae

Jan

8,850

6
8
8
5

88
76
85

Deo
Deo

4,660

96

Jan 100

Jan

2

97%Jan
9,263 29 Jan 23 2S%Jan

5

93% Mar

305

69

0,616
15,780

421

6

Jan 81

51%Jan

2
7

5>4Feb

74
11

2l%Jan 82 80%Mar
800 x74 Jan 24 79 Mar
70 Jan 18 86 Mar
9S Jan 21 100 Feb
8%Jan 28 14%Jan
••ft*
0,140 37 Jan 21 x43 Jan
1,000 92 Jan
2 94%Mar
1,100 15%Mar 1 80 V, Jan
000 82 Jan 13 98 Jan
4,350 10 Jan 7 49 Jau
620 72v,Jan 3 79 Jan
18.97U 37 Jan 21 60 Feb
14,835 90 Jan 21 103%Mar
8,020 51 Feb 38 7C)%Feb
6,580 93 Jan 9 lOfiVjFeb
35 Jan 10 37 Jan
600 15JV,Ian 25 194 Feb
19%Jan 3 23 Feb
'*6"25
73>4Feb 14 83HFeb
300
8)4Mar
8MFeb 4

6

44
92

May

60
103

De;)

5 5% Deo

8%Aug 10%Jan

28
7

29%Deo
77%Deo
May 80 Jan

23

5
8
2

40%NoT

J'ne

79%J'ne

14

23
85

69%Oct

76)4NoT

30

S3%Feb

2

J'ne

79%J>ne
40%J'ne

7

8

Feb

97

69%Deo

86%May 105%I>eo

25

30
113

8
4

Not

Apr
Not
88%De«

37
Sep 175

18%Jan

15
15
8

9
57

Feb

589)

Jan

Not
111% Apr

89%N0T
Deo

804

87% Feb
70%Feb
66
30

Deo

104

Feb

Not
71 Not
l0%JaB
81%Deo
Feb

85

77% Fob
i59%I>eo
19 Jan

79%NoT

44 Jen
104%Jan
140 Deo

.

,

Bz

Feb

96

15%Aug 28%Feb
83 Aug 10 6% Feb
38%Oct 46 Not

1

*

Jan

ISMKay

e%Jan

6%J'ly
8,795 34 Mar 5 47%Jan 39
85%J'ne
57,050 e5%Jan 21 10e%Jan 2
81%0ct
6,235 30 Mar 7 52 Jan 2
88%Sep
2
1,850 73%Mar 5 SSV^Tan
70%8ep
6,818 195V,Jan 21 208%Mar 8 176 J'ne
33,670: 18%Jan 22 18V>Jan
2
8%J'ne
86,898! 65)4Jan 21 e8%Mar 7
49 Aug
64v,Jaa 14 05>aJan 7
69%Jan
100 19 V, Feb 5 25 (4 Jan 8
17%Oot
BOO e6V2Jan 22 71 Mar 5
59%J'ne
S%Uar
H
6%Feb 11
4%Mar
1,365
78,380 49HMar 7 67% Feb 5
49 Oct
2,700 1» Jan 18 sa^Mar
13% J'ne
1,700 12% Jan 21 18 Jan
4
10 J'ne
l.SOU e9%Jan 29 74%Jan
58%May
8
685 «63 Jan 23 15 9% Jan 7 145 Mar
794J'ne
14,865 11 Jan 21 15 Feb 9
0,845 73 Jan 31 79 Jan 8l| OS J'ne
8,636 18%Feb 80 34 Jan 21 21 J'ly
71%Deo
3,510 58 Mar 7 85 Jan 2
1130 Jan 11 a39 Feb 8 liao J'ne
, , , ,
89.855 ei Jan 911 91 Feb ISl', 77%J'ne

\

88)4Jan

rlghti.

Street Kallwara.
Bid. Ask.
Oolum Ry— Con 5:— He* P hlla. IISU

Ask.

Crosst'wn- 1st

BR—

1,310
35,935
8U,340

Mar
41%Mar
8 2% Feb
74

oonseoutivb vkQ^^).—82REEl

CITIBS.

Buffalo Street By—
1st consol 5s 1931. FAA 1118%
AAO 1100
Deb 6s 1917
Stock.
856
Chicago City
Indianapolis Str'tRy— S«« Phlla.
109
Cleveland City Ry
Cleve Clty-lst 5s '09. JAJ 103%
83
OlOTeland Blectrlo Ry
MAS 103%
Con 5s 1913

Preferred

ft I ....

69

18% 13)4 18%
74%
74% 76
18% 19)4 19
68
58% §59% 69%

OTHHR

pref.

ioioti-Bheffleld 8.

63% 65% Tenn. Coal Iron A BB .....
30
30% Texaa Paoiflo Land Trait.
10% 18(4 1 fnion Bag A Paper
71% 72% U .Do
pref.

59

142

.

Oliver BnUlon Certlli...,

88

(Given at foot of
Street

Do

8V,'

85% 68%

158

OUTSIDE SECURITIES

pref.

Do

102)4

61% 63
23
•88
83
70% 71% 71

394

;

108
63
102

Do

[Rational Salt .....

77

45% 46%

33

88

Mked prioee no salee oa thlt day.

i-^

National Lead... ..it,,,,,,

80094 806V, 300 30894 Pullman Company
epubUc Iron * SteeL
16% 17%
1694 179<

19)4
19
19
•59
58% 59)4
14S •187 143
•137
148 •137
879«
87)4 8894
88
8794 88)9

69V)

74%

78% 74

71

4

53

894

80

01)4 63
•81% 83

68

4H.

91% 94%
16% 16H
89% 88V,
48% 43%

8% 8(4 Ontario SllTer
35)4 85% 134% 34% UaolfloMall
103% 104)4 ioa%i04M r eop'raQa»-L.4C. (Ohio.

10894 104
38
3896
74V, 74U
io9Haoo i-aoo aoi
10)4 18)4
16)4 1S9<
64% 85)4 65
66)4
V,

80'9 81%
•99
100
•10
16
Manhattan Beaoh Co
39% 40 jvratlonal Blionlt

16
40
96

78

lotemtitiouiti silver
Internat. Steam Pump...
Do
pref.
r aolede Oai (St. Lonli).
Li Do
pref.

7

89% 80%
78% 79

79
83
100

101H10l% 101% 108%
63% 54)4 OS^A 54

10314
8494
73V, 74V,

73H

7

15% 16
89% 86 v>
48% 44%

1596

86
44

7894
45)4

7
29)4

87%

78

83
100

53

•187

r

8%

6194
30)4
1894
71)4

59

16
16)4 19
Ool. * Hook. Coal h Iron.
80 a
808 311)4 Coniolldated Qaa (N. T.)..
46)4
45% 46% Continental Tobaoco
101
pref.
100 1101
100>4 102
Oo
asH 3s% Crucible Steel of America
88)4 • ...., 28)4
88
83)4
183% 83)4
83)4
Do
pref.
89V| 89)4
89% 89% Detroit Cltr Qai
4894 4494
43% 44 |7ederal Steel
4494
89%
88% 8«H 89
Do
pref.
8994
8396 8394
83% 88% Qas it, Klec. of Bergen Co.
8394
210
214%216>4 Qeneral Bleotrlo
810)4 214
47
47
47% 49V, ainooie Sugar Beflnlng. .
4094
94
94
19394 95
Do
pref.
23V, aSHi 1 nternatlonal Paper
83% 83
84
I
75
75
74%
74%
Do
uref.
7594
71% 7294 78% 74 International Power ..,.,
7194

45%

47)4

4!1,S00

j

Highe$U

LovBett.

5? Jan 89
3iv,jan 4
79 Jan 8

7,100

pref.

American Dlitrlot Tel
Amerloan Bzpreii.

65

94

Range for year 1901.
On bOMUof too-th're lots

8(Uta
of the
Week,
Shares

7,9ao

Oil

uo

36Vi

35>6

i69

2.

i145Jan 8 il83 Feb 4 111 Jan 1150 Not
•Vmalgamated Copoer.. 821,140 83%Jan 31 103% Uar 6 89%Dec 99%NoT
137 89 Feb iw 3a%Feb 18
Amer. Agricultural Chem.
184)4 Feb '5 l83%FeD 81
pref.
Do
38l9*l'l
xltf Jan 21
34V*Mar 8 12%Jan 36%NoT
Fonuary
Amenoan Car &
13,169 x67 Jan 19 75%Mar 8
pref.
67%J'ne 72 Deo
Do

85%
pref.
Do
51% 64% Amer.ameltlng * BeOnlng
9J9<
93
94%
pref.
Do
38
8694
36% 8H)4 \marlaan Steel Hoop
81)4 81%
80% 81%
pref.
Do
88% 3tf9< 88% 30% Amar. Steel A Wire (new)
99
95>4 98%
U6
pref.
Do
140M 113% zl89%143% Amerloan Sugar Beflnlng.
128)4 134
xUl 131
pref.
Do
85>4
63)4
9294

55%

83^

3694

199)4 199)4

87
•

43

108H 10894

16H 17)4
i5l* 05
iV* 85
oi^
65)4
83
81)4 83
•8lH
!2i><
Si^
•89
88
83
33M 88)4 80

187

42H

77

80

•8

80

& Adirondack
A b. St., TOt. tr. otfi.

I

17)4

57
33

75

•78

laig

81
18)4

80
100

8
38

H?*
ao>i

18%

33)4
16)4

10894 103M 102)4 103%
•30
•30
30
38
36
•160
•160
160 •150 180

76

74

31

•97

8994
94)4
1596
85)4
44)4

46)4
101^4 103)4
55)4 5894
102)4 10494
•30
35

asH 38«

100

15

44

101^ 108

4694

•9
89)4

100
15

8

IS

17

31
10

83)4
18)4

10194 108
120)4 123

8i

•78

If.^
80

92)4

55

02)4

78V,

160

71J4

15)4

98

08

85

•160

•71

94

79J4

85
169

67

"eo%'9i"
86W 85)4 85%

91
85)4

ss

181

•180

694

•160

31)4
16)4

14
3i)4

9494
3894
88)4
39H 89)4
98)4 9894
189 141)4

77

85K

10194 108

81
•16

St. li.

lit pref
88% 82%
Do
3d pref.
66
67
60 t 69%
Do
a«% 27)4 St. Louli Booth wMtem.
36
2694
pref.
68
69%
5756 5894
Do
44% 45% SoDtbern PaolfloOo
4494 4594
24% 85
33% 81% Soathern, Totlnjj tr. otfi.
79
7bH 799i 78
Do pref., Tot.tr. Otfi.
.
8894 39)4
38)4 38% 'pazaii Paoliio
180 130
181
132h 1 bird Arenne (N. T.)..
13% 18% 18% 1894 Toledo St. Lou.&Westem.
34
34
pref.
84%
3494
Do
72
7i% Twin Cltr Uaptd Trauilt.
73)4 78)4
•144
148
pref.
Do

»a)4
38)4
8194

78

79
46

41H 46M
lOOH 101
55
BBK

3M

68

76H

93)4
1694

44

68

5
25)4

769<

39

•74«

•89^4

37M

75
•9

88M 88H
93H
15H 16H
85M 86)4

74

79)4
29)4

9)4

176J4

•97

«98)i

38

41)4

.

101% :oi%
pref.
Do
119% 131% Amerloan Tobaeoo...
145 145
145 146
pref.
Do
10
15S4 "l8% Amerloan Woolen
10
16)4 16)4
71% 73
78)4 73)4
Do
pref.
73)4 73i4
48
4994
48)4 48
40% 47% Anaconda Copper
4794 49>4
•197
300
199 806
206 308% I> rooklyn Union Glai
800 300
•9% 10
9)4 10
9)4 10
9)4 10
DruMW. DookAC.Imp't.
46
46% polorado Fuel * Iron ....
43>4 40%
43)4 45
44)4 40
•117
•116 136
•117
185 115 125
v^ Do
185
pref.

•*•••• •••••!

78

30

37

123

133

88H 90

1296
„*>*
25>*

44

87)t

83)4
39>4 3J%
96)4 97
13894 143

82)4 82)4
311)4 314
45
45)4
9894 939i
»XH 3194
78)4 74
71
73?4
•6«
7

81^
73X

•9

994

8894

83H

40

3694

45

40)4

•96

9H

36)«

47H
'

Sm

210
•45

89

39)4
83)4

10894

85

4794

99

98H 98H

*81

3 - Law.

88)4
8296

175

4M 5)4
38
65W sevj
93^ 95H

494

85

48)4

•}*

•155
175 •155 185 •156
185
99% 101
1009410394
97% 102%
80
80
130
30
•••••• <••••*
•
85
"2*4'%
"83)4 "23" "2394 "as"
"82)4
88)4 839<
74
7494
74)4 76%
73)4 74)4
7894 74ia
27
88)4
80
87)4
84
80
87)4 2794
88 87
86 87 •86 87
•85
87
36 38 •39 87
38
36
88
88
•187V, 192V, 1188
188
187)4 187)4 18994 190
36
39% 8894 38% 89%
8891
3094 3894
•67)4 681a 198
68
87«4 68^
88% 70%

88
87

17
73

18<4
4296

71% 78

19.

201
•9H 10
44)4 45
•117
195
16
16
10
15)4 18
16>4 15)4
196)4 30 IK 201
203)4 a00>4 80894 802

9« 10«

••115

88M

30V4
18)4

90H

16T4

18)4

W,

March 8

7.

STOCKS.
Y. 8TOOK EXOH.

.

72>4 73
•144
148
91H 91)4 98)4
86H 85>a 88H
17
18
1794
3094
80)4 81)4
14)4

96

27

119

64V,
31)4
18)4
43)4

•160
100

7294
8694
8396
8094
89)4

7894
8874

March

6.

44« 48
24H 25)4

15)^

96
37

78
4654 47
47
189 189^ 191

58

67
81>9

121
•94
96
6294 63)4
10194 10394
19 1)4 122)4

95

61^ 63«

29^

1494

laiH 181H •180
195

82)4
85)4

55

91)4
3894
81)4
89)4

141H143H .40M

8994

38

57

38M 88H
95
58

28H
79V,

79H

14)4

86H 88%

as

*a4

80H

87W

•

69)4
44)4

18)4
8S9«
78>4

8994
8494
1794

"8i«'88«
72)4 73H

aOM 21
71M 78
27^ 38

86

18
33
73

7294

180 178
95M 100

170

99

68

Friday,

March

119

88

89%

55
29)4
18
•42

6494

181

17M 17%
29M 80H

18«
42M

73)4
39)4
83)4

68?4
44
24J4
79
89

79i<

88

13J4

83

26% a'X

18

33U
71

5.

Paoe

(2 pages)

(Ill)

RAILWAYS,

<6c.

Bid. Aak.
Street Railways.
uynnABua-ltiS) )i4.JADl;i >i)*|ll8%
Mlnneap St By— See Stoc,k Ex is:
[

[

1

88%

81

81
17

83
19
81

Orleans City By
Preferred
North Chicago Str— Stock
JAJ
1st 5f 1906-18
North Jersey St.—Stock.

New

4lgNov 1 1949. .MAN 80%
Kansas City El 6a.. 1938 10S%
Guar 4s 1928
Bonds
JAJ I 87
Lake 8t (Chio)Blev-Btook
14
14% Pat By oon 6s 193'. .JAD
AAO
Sddf 'V
deb 6s 1938
JAJ 101% 108
r J »Kawt'0k-lst5s'33
Lonlsv St By-0sl9S0JAJ 1118
133
aocraed
pays
Buyer
Common
i
75
80
Preferred
lis
106

88
97
900

96
100
808

107% 108%
84

95

8a>g

88%

1183%
I1C4

lOB

JllS

lie

Inter est.

N

8
5

.

,

.

THE CHRONICLE -BOND

470
BONDS
ir.T.STOOK EXCHANGE

WUK ElTDIRO MaU.

Alabam a Cent.
la

8.

Mar.

Ltut Sale.

55; Bid.

1900.

Ask Low. High. No. Low. High

See So Rj.

AUeghenT Val.
Alleg. A W. Ste
AJin Arbor lilK

U

lO^S

1995 A-O
1995 NOT+
1995 NOTt
1995 NOTt

Befditered

Stamped
Bqnlp trser Ak

07^

99

08
104

TAB FegeuH 4i..l9e5

Ba«litered

e2>t Sale

Sub J to conv deb 48..191'
IfjunXUDlT litg8Msl935

-J

97M

96H

Bale

M-M

Vdki Bale

97
98k 103

90

84k 84k
106

"96"

flJ

315

08k 98k

371

97k
99H

I33H

:04V«

104

102

lOSH

8f

91

46

f

90H

89M

Bale

9754

eV'

May'OO

111
111

BB

10211

101

ISO

Feb

lieji

116k

lOCH
Apr '97

103

139
184

181

128

109

106
115
118

U8k

IISH
I17k
113k

19 ios"
20 106

io9k
109k

I • • • t *

104

104

Oarb & Bhswn. See Hi Cen.
Oar Cent. See Seab & Roan.

OBIaF&N. SeeBOR&N.

948

Central Ohio. Se« Bait & O.
OanBB & B of Ga— Col g 5i'37
Otntof Oa By— lit « 61.1945
Beglitered
1945
1945
Ooniol gold S§
Beglitered
1945
lit pre! Income g Si . .1945
Sd pref Income g Si... 1945
td pref Income gSi... 194

J-D

92

M-K

98
180

F-Ai
F-At

M-N
M-N

95

04

Feb '01
100

91

ias'

100
1»Q

Feb '01

117

I04>i Bale

104M
96

71

Oct.*
Oct.*
Oct.*

3SH
18H

Sale
Bole
Sale

S3

88%

esfc

17H

i»k

175

102H

lU29i

Alt

KH— s f 61. .1903 M-N
A-O
A-O

BefoDdirg gold SB....194t
tJ 8 Trust Co receipts...

MUiBlTBlitifg
Baawav, gold

3i^

OMoBnrlAQ— Goes

ei..l912

104H

92H 94

A-O

195C ,t-J
7f.l90S J-J

84k 86

109

A-O I'JlH
F-A
DenTDlT4i
1923 F-A
nilnoliDlT g 31^1.,,, 1949 J-J 108H 104
Beglitered
1949 J-J
Iowa DlT link fd 6i ...1919 A-O U6J^
4l
1919 A-O 107 Bale
Mettraika Brten 4i. .1987 M-^ U2H
Beglitered
1927 M-N

108
1C4
107

Jan.'01

114

*11

166 '"—
*90 112%:

109

lOSk Feb'98
118% Jan.*01
182k Jan.'01

,....

119
131
lie

llbk
181

Bale

iiek
137k J'ly'99

116%
186
126

1st ooniol 6s

1913

126

Sale

110«

110k
187

Gold 7s

1987
Registered
1987
BlnklcR land 61, 1879-1929
BegUiered ....1879-192«
Sinking fund 5i..l879-1929
Beglitered .^ 1879-1929
86-rear debenture 6s. .1909
Beglitered
1909
30-rear debenture 6i..l921
Registered
1081
Sinking fund deb 6s ... 1083
Reglitered
1033
Des Mo A Minn lit 7s. 1907
Bscan ALBTiplst6s..l901
Iowa Midland 1st 8s... 1900
MllAMadlst6s
1005
North nunols Ist 8s.. .1910

ISO

180
119

107

1J6

184%:

Jan.'01
Jan.'01
Jan,'01
Jan.'Ol

109
166

Feb'Oi

117
118
180

141
107% Jan.'01

109
107
110
103

116%

Bale

111

lOgk
107

110%
106
117

Jan.'01

107

1947J-J
J

119

* Mo Prloe Friday; latest bid

1175,

86

118k
103

7s

3dgold4ks
ClnD A 1 1st gng

8s...

1905
1937
1941

1036

Id

20

1S8k
135

Ang'OO

laa

193

130

117

108k Feb'Oi
114k Feb'O'

100k
130k
108k
118k
118

CC0AlooDiol7i,...10l4
Consols

104M

106k

Bale

J

n6?«

114%]
111

107
107
107

Deo '00
110k

97

1

1
1

]

Deo'99
116

119

118
180

185
ISO

103k 108%
112%:
112k

110
120

133%
122%
187%;
180%:
loe
••eei »•••••

180
187

Not'OO

134

188%

29 103k 109%

106% 107%

9t% Feb'Oi
88k Ang'OO

J

:

Not'OO
Oct.'00
Jan.'01

108% 109
107% Not'OO

-J
-J

97k

Bale

06

06

86% 86%

Dec 00

06
107

07
114

Oct.'00

118%

Mar'Ol

111

f

1014

7i

1034

108
^^^Ti

113
183
116

leSk 115k

Ooliun A Greeny.
YaL Bet
Col A
Ool Conn A Term.

H

fi««

108
117

69

••

I

04

IOS

(•••I

•••••

104k Feb.'01

106

106%

il8«

116
136

Mar'Ol
Feb'Oi

14
184

186

85

Bale
Bale

08

lli%

136

Feb'Oi

188% 18T

ioi%

De'c'OO

101% 101%

(I8k

C8
111

100
61
8ep.'00

Sale

IBCk

130%

Sale
81
Bale

80k
8C%
81%

80M
80%
85

24
898

84%
24
106

00
60
111

188

isa

80%
71% 81
78%

61

84

m

105

Bo Ry.

Hook

Yal.

SmNAW

DakAQtSo. SMCMABtP.
allai A Waco. See MEAT.

107
117

108
116

101

-J

OonnAPsiBlTilit g4i.'48 A-O

11 IM ISO

180

04

126

F>A

118

04

106
OIndAWlltpf Se...l988
too
A Bait lit eon 4t. 1040
1000 Ak-.r
64
Ineome4i..,,,
L 1 Lor A Wh oon lit 8s. 1033 A-O 113
CleT * Marietta. Bet Pa BR.
aeT * Mahon Yal g St.. 1938 J -J ISCk
1088 Qn-J
Registered
CleT * Pitta. Bu Peim Co.
BOM
Col Mldl'l— litg S-4i... 1047 J.J
1047 J-J
80
litg 4l

1939
A Sou litg 4i
Ool*0thAT. fiMMetStRy.

1%

••••tfl

• •

Deo 00

104k
Jan '01

• • •

100%
100% 104%

CABllrtMCCOAI7».1901 A-O

Col

99

I •

101k Feb'Oi
106 Mar'Ol
99 May'99
94
Oct.'00
83 NOT'99

J-D
J-L
I

10E%

136%
18»
140
18

01

115
113
114

;!!!!"

Gen oonsol gold 6s .. 1 9 8 J -J
Beglitered

187
89

lOOk 103

99k

109

97k

131
131
140

Oot.'9W
Jan.'Ol
Oot.'99
J'ne'99
Jan.'00

100

A-O
J-J 114"
M-N

y-F(-

97
106

119H

Peo

133k 138
64 118
117
115 116

100
118

1086
Beglstered
Cln B * CI oon litg ikieas

103

107
108M lis

1

188W
184k

81k

118J< 117

160

uik

Mar'Ol

1079^

108%

J

137\j Chlo Ter Transfers 4s. .1947
J
117
ChAWestllstsf g6s..l91fe M' •N
General gold 6s.
1932
U
106
Chic AWest Mich By 6S.1921
1)
Coupons off.
1921
108k
Choc Okla A G gen g 5s. 1 9 1 J-Jrt

108

115
120

183

118k

100^
104M
100k
lOOM

111k J'ne'OO
100k Oot.'00

••••.!

130

130

J

:

106%]

Jan.'Ol

F-A •iV2k!!!!!
ib'sk Feb '00
J-J
103 NoT'99
A-O
M-S n37k !!!!! 118 Jan.'Ol
113k Apr'OO
M-8
OttCFA8tPlst6s..l909 M-S
lllk Apr'OO
Winona A Bt Pet 2d 7s 1 907 M-N lS2k ...,
120% Not'OO
MllL8AWlstg6s...l921 M-N IS'i^..., 136% Feb'Oi
BxtAImpsfg Ss...l92e F-A 128 .... 136k 126W
Mich DlT 1st gold 6s 1921 J-J 148k 143k 142 Feb '01
Aahland DIt Istg 6s 1925 M-g 140%...,
189k Apr'OO
ConTortlble deb 6s. 1907 F-A 110
107% Feb'Oi
....
Incomes
1911 M-N 110
...,
109k Aug'OO
Chlo Book l8l A Pao—
6s
131
Feb'O)
1017 J-J 131
1917
198&
1988
DesM AFtD lit 4i... 1905
1st 8k
1905
Hxtenslon4i
1905

:

:

Mar'OO

lit
A-O 117
117% Feb'98
A-O
Feb'Oi
184
iV8%:":!
M-N
188k Jan.'Ol
M-N

Beglstered
General gold 4s
Beglstered

1

187k:
106k:
106k
108H

lOTM Mar'Ol

F-A
F-A
M-N 110
Q-N
A-O il6«
A-O
A-<} 109k
A-O
M-N iidk
M-N

:

:

117%]
110%:
117%!
116%]

110
....

184

180%
188%
110% 117%

81

119% Feb'Oi
131% Feb'O;

J-D 180%

It
J-D

117% 180%
180
117
16 118

118%
110%
118% Feb'Oi
117% Jan.'01

119%
111%
118%
117%

14<-%
107

Feb'Oi
122

KeokADesM 1st 6s. .1083 A-O 110 118k 118 Feb'Oi
Small
1923 A-O
88k
9k 80k Chlo A Bt L See Atoh T A S Fe
4k OH ChlcBtLANO. 8m ni Cent.
ChloStLAPltte. See Pa Co.
Chic Bt PM A Coon es.. 1930 J -O 140k Bale 140
140k
134 Feb '0
105 106
ChBtPAMlnlst6s..l9l8 m-N 138
140 May'OO
Nor Wisconsin 1st 6s..l 930 J-J 137
106M lllk
8tPAB01t7lstg6s..l919 A-C 131 183k 131% Feb'Oi
117k 129k

11 10P?i

If 7

166k 171
172% 178Jt
166% l&l

68

118

118k Feb'Oi

U8kll4k

lit6s..'10'j -

U4k

and asked thli week. tBondi due July. tDneNoT. IDneJnne. TDaeJan. {Due May. a Option lalei. bDueAog. cDne April. dDnaOet.

OUTSIDE SECURITlEa
Bid.

37
110
00
106
1 07
16
66

3Sk
78k
90%

JAJ 1
aen4i 1934
Un'd TrABleo(ProT)-8t'k 109
104
West Chicago 91
M'-'J rna
Oon 8 5i'i9S«
.

1

96

100
160 100

102

183k Feb'Oi
113k Mar'O

Bale

6

113« Not'OO

Bale

88k 100

34 116

104

190k

.

Mineral Point DIt 6s..1910 J-J
1st 80 Minn DlT 6
1910 J -J
1st Southweit DlT 6s.. 1909 J-J

Istg 4s

180
111

, .

11!:^

Sale

Ul

133

85

UlkBale
183
185

275

lOHk

150

treet RallwaTe.

U4

S4«

Debenture Si.

Koohester Ry
-,AAO
Oon 6s 1030
..JAD
8d 5s 1933
Bo Side Bl (Chlo)— Stock
ByraouieRap.Tr., 5a, 1046
Union Trao (Chlo) Com.
Preferred
United Bts (St L Transit)
PreferrM .-i^

181

184
184k
n4ft( Feb'Oi

IKl

114%

9SkMttr01
9Sk
98k

aonth western Dir 4s. .1981 M-H
OonTertlble 61
1903 M-8

1913 M-N
HanABtJoioon 61... 1911 M-8
OkleA BIU. litsf our 61.1807 J-l>
Small
1907 J-O
litflongSi.
1984 A-O
9«iieon 1st 5i....
1987 M-M
Bafflitered
1087 M-M
Ohle * Ind C Br 1st 6s 1080 J -J
Okleago A Brie. Be* Brl*.
Oh IB A Louis— Hefg 6a.l9«7 J • J

i

102k Mar'Ol
104M Apr'OO

. .

IiOaiaTN AACb

190

116k
3ft 116k 131H CIStLAC. SeeCOOAStL.
117
117
Cm 8 AC. SeeCCCAStL.
212 95k 104H Clearfield A Mah. SmBBAP.
98
06
C C C A Bt L—
1993 J-D 104k Sale
100 103
Geng4i
101
Cairo DlT lit gold 4s. 1939 J -J lOu
,...,
107k
ClnW*MDlTlitg4s.l991
98
J 100
99k
BtLDlT Istool trg 4s. 1990
103«
N
21 106k 108
Beglstered
1990 M-N
Spr A Col DiT 1st g 4s. 1 940 M-S
104k I06k
DlT
1st
1040
93
Yal
4i.
92%
W W L consg6|. .1020 J 88k
9994 lOlk
41
98
CI St A
M-N
01k

109

Bale

Sinking fund 6i..,....1901
Chic A Iowa DlT 5i. ... 1905

BafundlnggSi

•J

lstLaCTOsseAD6s..l919•J-J

ClnH ADconsf

1059i Jan.'0l

....

96«
130

96

208

Ohei St Ohio g 61 ler A..1908 A-01 iiej«
116H Jan.'Ol
1911 A-01 119
119 Feb'Oi
Sold 61
1939 M-N 120M 1S2 laoM 131k
lit con g Si
117 J'ne'OO
Beglitered
1939 M-N
1992 M-6 ibe"' saaV 105
loek
eengold4H*.
Beglitered
1 992 M-e
94k Ang'OO
103 NOT'OO
Cralg Valley lit g Bi..l940 J-J 104H
106
Ma-Ol
R & A DlT lit con g 4i 1989 J-J 106
3doong4i
IClk Keb.*01
1989 J -J
Warm Spr Yal lit g 5i 1941 M-8 104H
101k Apr'99
BlU Lex & B 8 ga g 5i.l 902 M-8 U009t Bale 10(?i 10t%

A

87S

78

.

Con ext guar 4^s. ..191C Q-M! I0^9i8al6
Cent Paolflo See 80 Pac Co
Oharlei&SaT lit g7i... 1936 J -J

Ohio

87M 98

Oot.'00

70J.

96 Deo '99
M&NDlTlitgSi
ig46J -J
103 J'ne'e9
Mid Ga & Atl Dlv 5i. 1947 J -J
106 Oot.'00
MobUeDlTlitgSi....l94e J -J 107
0«nt Of N J-lit com 7i.l902 M-N 106^ Bale 108% 106^
134
Bale
131
gold
1987
J-J
General
5i,
187H
137
Beglitered
1987 Q-Ji 183 Bale 183
116
Am Dock & Imp Co 6i.l93l J-J 114H 115 116
Le&Hnd Bgen gng 5i.'3C J-J
106 Ang'OO
1912 M-N 104H
LehA W BC 6i,
.

161

.

Oartbase&Ad. SeeNTC&H.

Tear
1900.

fst Bale.

173k Apr'OO

1

iii" iia'

109

'01

J
J

1910 J -J
1908 J-

. ,

M-8 116M

-J
-J

, .

Gen Gold 3ki

F-A 133 130 180k Feb '01
130 Feb '01
1933 J-D 139
Coniol lite
Bnff i SoDth west. See Brie.
100 NOT'99
BnffftSniq lit gold 5f.. 191 A-O
1913 A-O
Beglitered
1906 J-D 107M 107J* 107X 107k
BnrOB&NlitSi
123 Feb '01
0onlit&0OltrgSi....l934 A-O 125H
117 NoVOO
1934 A-O
Eeglitered
CBiF&NwistRSi.ieai A-O
113>4 Dec '00
M & BtL lit gng7i.... 1937 J-D
Canada South lit Si... 1908 J -J 107 Salf 107" i07'k
109)4
1913 M-B 107 108H 108)t
SdSi
191S M-8 '107X I08>a lo4 Apr'OO
Beglitered

1 st g 4i.l

ChloAPaoDlT68
1910
ChloAPWlitg6l...l931
Dak A Ot Bog 61
1916

1902
Registered.,
1902
Extension 4s.... 1886-1928

J'ne'9»

PItti lit g 61. .1981

Branch D P

L

8.

Bmn§t

is

'

Registered. ...1886-1928

1947 J -J
All AWeit iBtK l8ga.lU98 A-O
Cl&MahlBtgng5i...l943 J -J

(ton

Gen gold 8ki lerlei B.1989 J-JI
Registered
1 989 J-JJ

ChlcAN'weit—Oon7s..l915

Debentures*

Booh A

Range or

Aik. Low. High. No. Low. High

Bid.

ChlcALBu Dlv g 5I..1921 J-J 180
Chlc&MoRlv DlT 61.1926
J 133k

85k 'm'

Brtdse. See M K & T.
See Met B By
Bklrn&Montank. Se-eLIsl.
Brnni&West. See8»TF&W
See Brie.
1937
g St

Chic Mil A St P con 7i.l 905 J-J
Terminal gold 6
1014 J-J
Gen gold 4i series A... 1939 J-Jl
Registered
1 989 Q-JJ

WlsAMlnnDlTg6s..l9ai J-J
MllANolstM L6S...1910 J-D

91

Booner

Brie.

4^

A Son aaiu g 61.. 1934
litHastADDiT 7s.. .1910

warA^thAr.
T&

Mar.

'

98k 101k
78k 90

106

103
to--2

1925 J -J
HononRlv litKnR5i.l01» F-A
CenOhloBlitOKl^i 1930 M-S
BMCb Creek. See N T C & H
BalACar. 8m UUnoliCent..

nffBA P gen

Week

lYiee
Friday,

St Paul

Far

EeRlitered

Bnff N

A

61

-F*

Registered

Bontbw Uly litg iiMi.1025

Deo' 00

106

1935 - J
1948 A-Ot 104K Sale
1048 A-Ot 104 sale

B««lit«red

Chic Milwaukee

lstIADBzten7s

1

B«g1lt«r«<]

flee

»8^ 670
9IM
79« Deo '99
"82
98
oan

Bale

J-D lOBX

Asitm * N W. iSM. Bo Pao.
Creek A 8. See Mlob Cen
Bat
alt A O prior g 3^1.1 935

486

Feb '01

108

93^

IS

98
104

lC8>t

Bale

5fl....l902 J -J
Cblo& Bt Lon lit ai.. 1915 Itt-8
A.tl Knox & No lit K 58.1946
Atlanta ^4 Danv. See Bo Uj
Atlan St Vad. See 8oath Rr

eold«i

N. Y. STOCK EXCHANGE
Wbbk EiTDiNQ Mar 8

.

[Vol. LX3II,

1.

J -J 184
llt7i«goldRD....1902 J -J 184
lltCAM7i
1903 J -J •184

B. H. A P.
AmDook&I. Sm Cen of N J

Adjnitment g «•

Page

M A Bt P— lit 7i » g R D.'02

SmD&H.

8m Peun Co.

(5 pages)

!

BONDS.

Tear

li
BqoQ

Mid. Se«&a^. Flti.AW.

Albany ASnaq.

A.tOh

Range or

8.

prices

Range

Week'$

Prie*
Friday,

J

9
1

"

Aik.
80

(Givbn at foot op

Gaa

Secnrltles.

Bid.

ff oroeiter

iMa>ijTr-(">m
Preferred
, ,
,
,

ea>«

100

16%
67%
89

79%
91k

ni

105

103%

NBW

rOBK.

Cent Union Gas— lit 6i

Con Oai (NY)— Stock—

.

Amiterdam Gai—

Aik.

oonsecutive pages).— ff^^
Ga*

8eenrttl«a.

Bid.

Aik.

ssk N Y A Bast BlTer Gas—

8EGURITIE8y
Gas

8ecnrttlea.

dtc.

Bid.

Ai^

Qa»— See N Y Sto Ok 9j or
JAJ ni3k 114
'tnolnnatl Qai A Coke.
108% ifSH
1st 5s 1944
106
108
JAJ 106 109
Jol Qai L A Heat—Com..
40%
Coniol 6i 1945
Pref erred.. ». .,.,,. ....
75
Nor Un lit 5i 1937. .MAN 105k 106k
77k
130
188
107
Common.
1st
1033
5108
6s
JAJ
n08k 109% Btuidard Gas—
149 151
18
msoUd Gas (N J)— Stok 10
T 8t» Bzch Preferred
84k

Bqnlt Gai—
Con. 5i 1932— Se« Stock Ex.
Mutual Gai
894
N.

7

Chicago

.

1st 5s
11 St.

399

1930

OTHBB

MAN

116

117

CITIB8.

Baltimore ConsoUdat—S< eBalt.
1
Bay State Qat—

Lilt

Ik

86
1st 5s 1080. ,...,.,. JA.)
80
Oonsol Gai (PltU).... 60
Pref
50 t 81
• ••••
Bonds 8i
ink lis

108% 109k Boston UnitedQat Bonds- •Boito nLlii Coninm Oai (J City)—
8
10
lst8i 1034
VT Klec I,t Ht A Pow—N. Y.Btk. Bxck
MAN {104 106
BufTalo City Gas- Stock..
anirt «;«_«,, N. y. m\. Hiroh. List.
lAnd Interest. tPrlce per lb are.
1 76k
1st 8i Bondi
77k
lit coniol ^*

1

A
wMar.

9,

1

THE CHRONICLE.-BOND

19C1«

Price
Friday,

BONDS.

w.t.btook: kxohahge

Wbbk EKDiiia Mau
••1 LMk A Weitern X*"}??? M-8
M-N
Morrtf*a«iex Ht'f-JSi?

March

B«tUt«reil........l81&

Vdcyi

«••••

Term & impt 4i
BTTBliiB*NYlit7i.ie08 A-O 180H
1800 A-O
Warren an 7i
Del & n-litPa DlT7i.l917 M-H U4«....

M-S
AlbA8aiHtoongn7il906 A-O 118
1806
A-O
Beerlftered
1806 A-O ii8«
Onargoldei
1806 A-O
BaBfitcrad
1831 m-N 163
Beni * Bar ltt7i
1831
W-N
RegUtored
Del RlT BR Bg«. a$* Pa »JlDen4BQrlltgOld7i..l900 M-N
1817

Befflitered

litoonK

,.1936 J

4i4.i

•

Det JkHaok litlleng 4i.l995 J-I)
1995 J-D
Gold 4
Dal A Iron Range Iit5i.l937 A-O
1837 A-O
RegUtered
1816 J -J
Sd6i
Dal Red
A 8 lit g Si 1938 J -J
DnlSoBhore* Atg Si. 1937 J -J
Eaat of Minn. SMBtPMAM.

W

1919
1933
1930
1938
1930
lit ooniol gold 7i
lit ooDiol gold fd7i..l930
rle litoon g4ipr bdf.1996
1996
RegUtered
lit oon genllen g 4i. ..1996
1996
RegUtered

SdextgoldSi
Sdextgold 4Ui
4tbeztgold 5i
Sthextgold 4

.

103

•••ei

no«

lit g 61.. 1910

N TBAW—litret

51.1937

adgold4Ui

1987
1940

131

J -J
J -J

'V'Jj^SalV

J -J
J -J

"sili Bale

180

rle A

See

Pltti.

t

. . .

OoBr'oh litgBa..l980
61.. 1986
rargoASo. SMOhMABtP..
M
61.
Fere
. ..1930
g
Flint A
Ball

rAIndlitaongag

litooniolgold Si.. ..1939

PtHaronDlT lit g 61.1989
ria Oen A Pen lit g 61. .1918

107
140
111
118
109

A-O
J -J
F-A
F-A
M-N
M-N

86Ji 2434

13

118
109

Bep.'OO
U0t.'98

181

118
118
94
100
118

Feb'oi
118
Feb '01

Bale

90 106H
108M 118

10214

Apr'OO

104

109

Term

See Bt

••••••
«•••••

10 a" iio'" 108

187
118

^•••i

114>4
*•»•••

100

•••••!
•••••e

Feb '01

laO

8«

-J

Bale
Sale

7&M
108

•

•••

••••• ••••••

100

108

180
Feb '01
114H 'si 103

186

115

6

Sep.'00

108X

lOf
100
•

lit

RegUtered

•••

110
100
•••«•

•

-J

.....1951

lit gold 8M1...,

19S1 J -J

BegliteMd

.,,1961
lit gold 8iitOTU]ig....l961
RegUtwed
.....1961
OoU Trait gold 4i
1 9S3

NO

RegUtered ..........1960

Deo '98

••I

114W

113M Mar'OO
106H Deo'OO
108MApr.'98

105

••••••

89

98)4

Bid.

•»•••! ••••tl

5iRl949

108

108

611908

46
46
94

104
98

t02M 103

•••••• •••••i

•

and asked

116

114

Aik.

86
46
63)4

106
104
ei
40
108
60
66
96)4

i'o'6"

10^"

It

•••••'

1

111

Aog'OO
N0T'9b

131
9(1

\ii\i,

iioii ''^J**
...... >. t IM

187
198
101

io6M

99

lOOX Not'OO

186
188
100

•••

107)4 Jan.'01

106)4

108)4 Not'OO
108)t Ang'OO

103)4 !••

108)4 Deo'OO

106)4

ll^M

119)4

13SK

13flJ4

Feb.'01
I33J4 Feb '01

!•»

I

103
105
100

A-O
M-N 185
M-H 96«
M-H 70)4
J-D 110X

108)4108)4

irex Mar'Ol
96)4

68

Sale

116)4

97)4
70)4

ee

lie*

0fi«
70)4
63)4 Oct.'00

Bale
iiiii

124

e

88
54
111

117)4

%u

61

70

68)4

<>M

i<7

00)4

66

» • • •
•

•••

106

100

•••ei ••••••

108

1
•

lOiH

100

108M MllAMad.
MUANorth.

••.

t

7

40
•5

Loganspt A Wab Val56
JAD 45
lst6i 1925
7>)
66
Madison (Wis) Gai— Stck
AAO 107)4 no
IstOi 1986
141
1140
Newark Qai 6s 1914
..100
65
E8
Newark Coniol Gai
JAD IlOS 10614
5i 1948

New Bng Gai A C— Sm B

Aa«'9b

104

160^111)4

110)4 Feb'Ol
110)4 Feb'Ol
112 J'ly'OO
109)4 Oot.'09
10314 Not'99

96

100^111
116M

118

>..,,. ».••><

JaiL'Ol

188

Jan.'01

104)4 Sale

<04

•••••• •••••<
lllaei •••••

106
100

1C4)4
Jan.'01

07)4

96

M-H
«-o

J-D

ISO

131

,

100

85

99

100

110

108
106

IM

13 110

181

88

Feb'Ol

•

•••

•••ae*

-••i»i

,

sTe** ib'i"
97)4 ^^^.
108)4

Oct '00

••••.

Feb'Ol

110
107
106
113

Jan.'99

May'OO
Deo'OO

180

120

180

188

119)4

110)4 118

130
117
116

64

Jan-'Ol
Oct.'00

Deo'OO

186)4 Jau.'Ol
63)i Oct.'00
99)» Feb '0
113 Jan.'Ol

100
106
lis

117
116
188

ISO
117
lis
187

Feb 01

107

'01

,

«,<»

96)4 Oet.'09

105%

106)4

117)4 118*

"117)4

11*7)4

83)4 Bale
88)4 StiH
16
ie)4

60 90
"8 118

se

82)4

83)4

28H

29K 878
16)* I4y

16)4

81

Apr'OO

18)4 J'ly '00
IDS Biay'OO

t

• « •

>

• • 1

106)4

118

88

TO

MM
lf)«

80)4

10

88)4

98)4

108H Apr'OC
103

111)4

106)4
90)2
108)4
111)4

Jan.'0l

106)« Sale

,

96M 108

08)4 •9)4
9514 9»8
107)4 111
111)4
106
110J4

Jan

1)8
118
lll>» 110

115

118

107)4 118)4

,

A-O
J-J
J-D

198)4

180

,

Bale

Ry eon 4i.lO90 A-O

98)4

91)4

101)4 Sep.'90

08
WD
lie
107
109
107
110

M-S
M-B
J-J
M-H

118

i?i«

i§a

81
18

81
17

Its

lom

Sm N Y Cent
Sm Brte.
MLB AW. 8m Ohio A NW
Cent.
Hid of N J.

SMChloANW
SMChMAStP

WHAStP. SMObMAStP

Bid. Ask.
Oaa Heearttlea.
SO
100
80
Kansai City Gaa
AAO IICO 108
5i 1933

Laclede Gaa— N T Stock Hxch.
40
Lafayette (Ind) Qai
MAN 45
lit Hi 1924

no

116)4 Jan.'01

M lob

tDne AprU.

Bondi doe Aogost.

(Given at foot of

lObuiao

Feb'Ol

118

108

litoon Ineome g8i...l0S9 J'lyl
Id eon Inoome g 81 . .1039 J'lyl
qalpAeoUg 6
1917 A-O
8d series K 5i ,,.,.,1919 A-O
tlez Internal lit oon g 4i.'77 M-H
viaz Nat lit gold 01
1087 J-D
Id Ino 61 A Cp itmnd. 1017 M-SI
Sd Inoome gold 61 B..1917 An.1
Kex North lit gold 6i.. 1910 J-D
RegUtered
1910 J-D

101
•8

98

116)4 186

laSM

13814

188X

..1937 F-A 109
A Atl Iitgag6i.l93l F-A lllW
BANAoongag6i....1936 F-A 109)4
Binkfd (BAN A) g6l..l910 A-O
LA JeffBgeOo gag 41.1945 M-e
LNAAO. SmOIAL.
MataonOcal. 8m L SAMS,

.

118)4 113)4
104)2 106)4

Mfty'e9

thli week,

Not'OO

118J4 Feb '01

99

Metropolitan SL SMMan Ry.
Mez Cent eon gold 4i... 1911 J-J

Jan.'01
JaB.'00

• •

188

A 111 Gai-

MAN
(ndtanapoUi Gai— Stock.
MAN
lit 611980
lit

WW.

138)4

Feni

RegUtered
1990
UitrqpolBl litg0l...l9O8
98 106)4
50
Man 8 W Oolo&U g 6i, 1934
lbs" ibe" MoS'ptABT. 8MPM0KAT

•••tl •••i««

lUu

f4
86
rort Wayne (Ind)
46
1935
JAJ
lltei
101
araad Rapids— Stock
FAA ilOS
llTss 1915
Hartford (Ct) Gas L... 36 ^ 48
36
Co
Gai
Hndion
Indiana Nat

NFlaABlitgngSi

.

104M Feb.'Ol
104M Jai>''99

OUTSIDE SECURITIES
h.

100

.

09M 09M

lOSK

Deo 00

* No prtoe Friday; theie are lateit bid

«a«e HwcoTltlea.
Oai— S«e N Y Hxo
Hiiez A Hndion Qai

.....

118
Feb'Ol
M-N 118)4
J-J 101 lOlM 101H 101>»
J-J
11394 Feb'Ol
M-N
lOOJt
A-O 100
100J4
106 Deo'OO
M-e loiK
lis
Not'OO
H
116
J-D
LClnALezg4)4i...l931 M-N 110 113 103 Jan '98

Kentaoky Cent g 4i...l087
LANAMAMlitg 4Mi.l046

84

1)

LoaUTille DlT g S^i .19SM J -J
Beglitered
...1963 J-J
1931 F- A
Middle DlT reg 61

Detroit

LoQliTlUe ANaihTlUsGeneralgoldei,.
1080
Sold Si
...,,.. ...1087
Unified g 41...
...1040
Beglitered
1040
Coll trnit g 6i
1031
Col tr S-80 g 4
1903-18
Ceottl Br 7i
1907
B A Naih litg •...1919

104M

116

100

1087

Nor Bhb litoon gga6i..'Ba
La A Mo BIT. 8m All A Alt

100

116

J-J
M-B
M-3
A-O
A-O
M-M
M-N

B«gUter«l
1963
A Tex gold 4I..1968
B«sut«rM...........19S3
Cairo Bridge gold 4i.. 1960 J-I>

L

J-D
J -D
J-B
J-U
M-H

1981 Q-JI

naisJan.'01

Feb*'01

Hoait A W T. S«« 80 Pao..
HoniATezOan. SmSoPOo.
RegUtered

186H

...1981

BtL diT litg •....,..1081
SdgSi
1080

881

79X 880

105H Sale 106M
ioa" !!!" ioBJi

J

-J
-J

J-li
J-lJ

9«n«ral gold 4i
1988
Ferry lit gold 4Ml„.. 1088 M-8
Gold 4i..
,..1888 J-D
Dnlfledg 4i
1940 M-e
Debentnre gold ii... ..1834 J-D
Bklyn A Mod lit g 61.1011 n-t
litSi
1011 M-.-

anhattan

19S1

F-A
F-A
J-D
M-B

9834
..,1,

90)4 101

•

ii8J<

,

B8« Not'OO
99M Jan.'00

Col AHV lit ezt g 41.1948 A-O

IUlnoli Centrallit gold 4i

Long Iiland—
liteong 61.,,,
litoong4i

69X

86

«o

•

NOAM litg •rv.,..10S0 J -J
ad gold 61
1980 J -J
PeniaeoU dlT gold • 1080 M-8

Mar '98

L BW

con g 4^1.1999
1999

AN

RR.

70
66

75«
100

-J

UO

•••••• ••••••
•••
itai

•

"99" ioiji
101
88

185)4

103M

A St J. SinOBAQ
Han
oaMtonlo. Bm NTNHAH.

Hook Tal

Jafferaon

NTARBlitgC

KOT'97

184M Feb '01
lOiH
108J4

Grand Rap A Ind. Sm Pa Oo.
Gray'i Pt

1919
1909

Bdgold4i..,,,
1931
Iowa Central litgold6i.l938
Iowa Midland. 8m Cb
W.

1900.

L^tB.mtk

90

idij" Jaa,''01
101)4 Oot.'99

•eteif >••••

8m Brie.
85
08H KalAAGR. 8MLBAMS.
an
Mloh.
A
Tol A
8m
90
C.
76M
K A MRAB litgag6«.1039 A-O
107 111
San A Pao. 8m M K A T
Kan C 80 lit g 3i
70)<
i960 A-O
RegUtered
1950 A-O •(••a,
KanMM Mid. 8m Bt L A 8
110
116
Kentaoky Cent. 8m LAN.
Eeok A Dei M. 8m R I A P.
KnozTlUe A Obto. Bm Bo Rt.
107M118
Lake%l«A W lit g6i.l937 J-J
ad gold Si.
1941 J-J 118
North Ohio lit ga Si. .1945 A-O lUM
lien 119
L8AMB.
8m
NT
Cent.
119mi9H
iiSHiiej* Leh Val (Pa) ooilg 6i..l997 M-N
RegUtered 5i
1997 M-N
138Hi laSH
LahTNT lit gag4Mt.. 1940 J-J 110«
Reglitered
1940 J-J
184H148
Leb VTerRy litgu gSil941 A-O i'la"
37" "9"' RegUtered
...1941 A-O
L T Coal Oo IH ga g ii.. 1983 J-.i
R«gUtercd
...1983 J -J
di" "liiii
LehAN T lit ga g 4i... 1945 M-H 96
Reglitered
1945 M-H
](10ANlitglitpf8i.l914 A-C
GoldgnarSi
1914 A
LehAHndR. SMCeno/NJ,.
114
188
104^ 104)4 Leh A WUkeib. Bm Cent NJ.
A Oaney Vai. 8mMo P.
136M189)« Leroy
Lex At A P F. B$4 Met Bt Ry.
Long Dook. Sm Brl*.
lis 118
iisji iao'
107W 111
98
99)4

lOBMFeb'Ol
61

HAH

J

Int A Great Nor—
lit gold 61
Sdgold 6i....„,

90

91

,

97X 3S5
93M Mar'9u

.....

184
189
IO8J4

ol '83 lit 6i.l913 A-O
al
Qa A Ala Rt lit pf g 6i.l94S A-O
194S J-JT
lit ooniol g Si

OiToar ANolitgagei.1939
Seorgla Paolflo. Sm Bo Ry.
Olla y O A Nor. Set So PaoOo.
Gonr A Oiw. See N Y Cent.

106)4 Apr '99
143>4 Feb '01
143
oea'98

Mar'Ol

J

NTBAM B oong6i..l936 A-O

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

J

134

181

Ind IllAIalitrefg6i..l948

Year

!

il

if

106% Feb '01

lis
97

K-A
J-J
A-O
A-O

W

61

Bale

,

lit land gr ezt gold Sil980 J -J
1943 J -J
Ooniol gold Si
rt B A V B Bge. Bm BtLASF.
rort St U DOo lltg 4WI1941 J -J
rt
A D O— lit g 4-61. 1931 J-D

rtWARl0GrlltgS-4t.l9a8
Gal Har A.B A. Sm 8 P Co.

108M109H

Feb.'01

Feb '99

96^ 103K
109^
101H108
106

I

I

La$t Sale.

C

130M

Pa Co.

lean A L Sap. SmOANW
areka Bprlngi lit g 61. 1988
A T H lit oon at.. 1981
litgenaral gold Si. ...1948
1988
MtTamonfitei

Feb '01

140

MemDlTlitg4i..,,19S1

1489<

W

100

General g 61
Terminal lit g Bi.. .1948
115
Begli9B|000 •aoh.1943
WllkABailltgn gSil942 ,1-D 109
.

Jan.'01

1951
WeitemUne litg 4i.l9Sl
RegUtered
1951
BeUeT A Oar lit 0I....1933
Oarb AS litg 4i
1932
OhloBtLAN Og 61.. 1951
RegUtered
1951
Sold 3)<i
195.
RegUtered
1951

Rang*

ffeeJc'i

Range or

Atk LoK. High.

J-J 90
J-J
J-J •108«
J.J

RegUtered. ..,.,... 1 95
BtLBoa litgQ g4i...l981
148« 146H
IndDeoA
Iltg6i....l935 J -J
litgoarg 6
ioa«io4H
1985 J -J
147

U8« Jan.'01

84

141

namisk

Mar'Ol

1951
1851

471

«<5

gSXi. 1951 J-J

RegUtered

117H181

J'ne'99

Gold 8)4

.

2.

Price
Friday,
it arch a.

Bia.
ni Cen. (Con)—
8t LonUDlTg 3I......1951
RegUtered
1951

ElegUtered
Spring DlT lit

14eH148

181
Jan.'Ol
lie!<
ll'^k

I**

188
133

141

93)4 reb.'99
118H Jan.'01

I83«

141)4

108^ 108
118^ 183

109MDeo'00

M-H 180
M-S ne«
A-O
J-D 110
M-8 13SM
M-H

I

MtdRRofNJ

!••••

110

W

'01

^BH NoT'OO
8»
86M
115

138
188
116

Ooi.'98

Feb

USM Nov'OO
108
AnK'98
146H May'OO
160
Fob '01
117
Feb '01

111

141

102H107H

108 Oct.'00
103
1019 ISO
110>4 Feb'O
111
"2
lOfiH 109M
109>i

111

Bnff N T A Hrle lit 71.1916 J-D
gold 6I....10O8 J-J
Baff A a
1808 J -J
Small
Ohio A Hrle lit g Si. ..1983 M-N
Jeff RR lit gn gold Si.1909 A-01
Long Dook oon gold 6i. 1 98S A-O
Coal A RR lit go 61.1932 M-N
Dook A Imp lit onr6i.l91S -J
N T A Green L gn g 61. 1 946 M-N
1946 M-N
Small

186

Sale

»109

BONDS.
8TOCK EXCHANGE
WlBK EVDINQ Mah. 8

High

Loio.

Pagb

(6 pages)

W.T.

188H 124H

118^
108M Oct.'00

161
'61

101

.

aitTVaAGa. 8M.B0R7.
IglnJol&B Iitg6i...l941 M-N
BlULezABS. SmOAO.
Im Oort 4 No. S««IiehANT.
1947 M-N
He lit ozt g 4i

183>4 Jan.^01
18UH
189><

Deo '00
118« Feb '01

1836 J -J '109
litoong4«i
ImproTement gold Si. 1 938 J-O
Bio G So gn. Set Klo Gr So.
Dee M A Ft D. Sm R * I P.

DeiMAMlnn. Sm Oh A NW.
Dei M Cn By lit g Si. .. 1017 M-M
DetHAToL 8«(LB&MBo.

1900.

133
lis

I0»M

J

La$t SaU.

140
186

118

^x, q
1923 iri-N

Tear

104H Feb '01
18SH Deo "00

136,4

F-

Oonitraotlon 5i

Sale

189H

NTIi«ok4Wlftei..l8ai J -J

Sange

A$k Low, High. No.

Bid.

A-O
J-D
J-D

7
J«io
7i
litoon guar A'^^'M2?i

».

Week'»

Range or

PKI0E8

1

oiton Lilt

i

Dne January.

1

Dae

October.

oonsboutiyb vjl&'&b).—QA8, TEL.
Ga» HeenrlHee.
Ohio

A Ind Con Nat A 111-

OhloAInd— 1st

6s

'36JAD

Ask.
84
29
60
46
Btook Bzoh
Bid.

Peoples Gas A Coke— N T
Philadelphia Co— Sm Boi ton L Ut.
ProTidence Gaa.
60 t 94
Bt Joseph (Mo)
80
40)4
5s 1987
95
JAJ { 94
S: Paal Gai- Stock
46)4 48
Oonsol 5s 1944 ..,,MAB { 77
79
Syracnse Gas— Stock
18)4
16)4
Ist5il946
86
89
JAJ
Western Gas (Mllw)
08
90
f

s— Sm N T

St

Bx

Hit.

« OpUfl^

iDneJnlf.
dt

2ELEPH.,

Bid.
Teleg. dk Telf^h.
Telar. dfc Talepli.
American Dtst Tele— NT Stock

Bell Teleph. of BaSalo.

.

(Antral A Soath Amar.. ..
Cnei A Poto Teleph—8tk
JAJ
6i 1909-89
Oommerclal Cable
Commer Union Tel (NT).

no
lOS

70
108
173
119
75
H nplre A Bay State Tel
tekBx
Brie Teleg A Telep— Sm B

ci'

nk

110
107
76

•••••

177
184

.

45
lAnd tsteresu tPrloe per ih

rranklln

Liit

SO

A
J

...

BONDS.

Price
Friday,

S-g

».T. STOCK EXOHANG E

Minn a 8t L-lit r 7t .1927
.

Iowa ax

itt iiold7g..,lU09
Weitex lit a 7i. 10

1?

March
Bid.

J-D
J-D
.T-D
A-O

8.

»•••

9?M

Tear

Last Sale.

1900.

t

Low.
143^
\22%
132^
134^
lllH

Sale

ia4H NoT'oo
lisw Feb '01
97
07M

itt««l ••••ti
«•«•«• 103
<••• #•••••

Mo Kan & Tax— litg ii. 199U J-D
Sd gold4i
1990 F-A!
lit axtan gold Si
194 M-^
iBooner BdhOogng 7i..'06 »I-N
AalAWa lit hd g Si. 1940 M-M

9in
78H

MK&To(TlitKDgSi.'43 M-8
8taer8h<k8ou iitKugSi.'43 J-D
lit R 4a.. ..1990 F-

100

Sale
Sale
lOOJi

too
103

Saia

KOAPao

* Naoiho lit 7i. 1903 J-D
Si. ..1943 A-0 ••aeea
1906 M-N H6«
litcong 6i
193C M-^ •183

Tabo

'Vo'
•••••

29 i
lOOM 256
79

999^

100»4Nov'99
35
99
100
139
loa
Feb '01
89M Feb '01

109H

Trnatg Si

1917 M-3t 105>i Sale
Saglitared
igi'i M-8t
lltOOUgc!3 5l
192C F-A lo'iii io5H
Beglitered
193C F-A
LcrqrftOVAL lits6i'36 J90
Pae BofMo litexK4i.'S8 F-A 108X
Sdaxtanded ijold 51.1938 J-J 118 116
8t Loati & Iron Mount—
0«noour7&ldgngSi'31 A-0 117 117H

183H

183
128
119

A-O
T-J "92 Ji
J-J 99
M-B
MobftBlrm prlorllong6g.'4B J-J ••••••
Uortsage sold 4i
1945 J-J ••o«f«
MobJaok&KClitR5i.l946 J-D •••••• teeea*
Mob ft Ohio new gold ei..'27 J-U 139>a
8«nooQitampgtdgei'31

1929
1930
Terd V I A W lit«6i.,'38
MUiBlrBdge. 8** Ohio & Alt
Beglitered

•

116
183

11

10«X
116

1

132^

3

104H

105J«

06

104<lt

106

9896

J P MoTi-'iin & Co ctfs,.
MontAom mr lit g 6i, 1947

77H

90
88

90

9854

999<

188

M- 8

Sale

96^
•*••••

100

1917

SuLftM

1«08

i.f*A?"^"'*

76

87
108

,

VI -811

IO6I2

M-N

8 61.1931 M-N
vi^Jf^'h-*^*"!
New
BlTor lit g 61.... 1938 A-0
F-A
" * W By litoong 4s. 1996 A-O

16

J

J-J

110«

.

i

Nor ft Mont. /8««N.T.Oent.
SwOOOftStli.
i)i^^^7^VJ'hlo
RlrerBB

128)4
J'ly'OO

lis

Deo '99

111

Deo '99

7 186
1309J
100)4 10054

•Ifl •

1st g 6sl936
.•'•???l*?'*8»"«""-l»37
Om
ft StL llta4i
1901

46 104)ill0)« OreftOal. S«»SoPacOo.
Ore By ft Nay au Un Pao
•aaai •••«••
Ore RR ft Nay Se« Un Pao
aaata aattai
Ore Short Line Bu On Pao
••••• •••«

115
••

104)4
108),

-D

108
197)4

Feb '01

195
134

Feb

108M
loeS

114
113

Jan.'00
J'ly'99

•aaaaa aaaaa*

l97Vi
'01

I

184

10 18694 leSM
186 1894J
138 186)4
1

• « •

•••••• ••»|^

tail

lOSM

111
•133

114

114

•aaaaa •••••<

16

I069i

U094Dec'O0
134^ Feb '01

...
...

11

13354 ei8S5<
•183 J-I 18612 I8a9< Feb '01
I OS "2 Sale
102
103)4
»%•*%* aaaaaa
9794 J'ly '00
aaaaai
.,•,,1

10E9^ Sale

108

10194

110
189
130
139

186
188

108*'

• "10694

-

10394

10594

108

71)«

7U«

709fi

Deo'OO

131)4 Feb '01

11*^2
lor
103

116
108

^

....

a • 4 I

I «!d

« 1

110

138

"••«•

107
108

193 108)4 106)4
101

68%

181

1063
78)4

70g

66)i

181)4 is»)a
••••• •••••
184
180
109 116)4
97)4 106
8894 8894

J'iy99

188)4 Feb' 01

Feb '01
Feb '01
May'OO
11654 Feb '01
889<

118

O 100
J-J 50

•a

107
98

•aaaaa aaaaaa
**aaaa aaaaa*

!!!!!!
**a*«« iiiatt
183^ attaia

88)4

97% 9TH

107" NoV'bo
1089g

114)4

18194
90)4 100

lOSHFeb'Ol

"71*13 Sale

F-A 139"

^?^*«'i«f8s...l93S

D
Beglstered
otf
180
130
1923 0- F
St Paal ft Dttl 1st 61. . . 1 93
180 jan.'01
130)4 136
F-A
78
*•
9SM
88
1917 A-O
95M
879i
t"
l»t«og
177
4i
94^
1968
99H
Waih Cent Istg 4s.. .1948 J-D
118H 113% 10 106)4110
Nor Pao Ter Co 1st g 6S.1933 i-M
96>gDec'00
96)4 06M
NorRyOal. SmSo. Pao.
Nor Wis. SMOStPMftO.
ISej^Feb'Ol

188^
lOOX
114^

31

1081a
1089r
10694 Deo'OO

101)(|Noy'9»

A-O
A-O ••*•
J-J •106)4
M-N ••••••

1996

"93" "ii"
107M
II8J4II6M North
M^i*2 Illinois.
n,^^ Bl!,tgng4s.l989
fliiOhl ft NW
1069<

1

J -J

113
109

M-81!

116)4

1149^131^
94
103M
96" 104"

134
Sale
118)4

M-N
J-J

97W „^B««J«W.000oiUy."l992

103
118

aoc

oon g 6s. 1 937 Ji-ii

^••t«'«d

"9*4" J'ne'bo

107«Deo'00
U3H 113H
lien 117^

J-D
A-O

N T O ft H.
win
N
TO ft2°^'»'„**«
W Bef 1st
g 4sl992

SmSPOo.

MorrtiftBiiex. S««UelLftW
Obatft 8t L lit 7i.'lS
J '188J4
NaibSd6i
1901 J -J
inoongold Si
1988 A-0 lHH
latgold6iJaiperBoh.l93S J
119
ehef.

CT*» "S"*? »

Low.mah

A»k. Low. High. No.

10894 Sale

•

Q-J* '186

Bt L ft Cairo gng4i.. 1931
Mohawk ft Mai. Sm N T O ft H
Monongahela BIt. Sm B ft
Mont Oent. Sm St P M ft M.

llteiTftPb

N Y N H ft H
N
TK W At'^*? litreg4i.'03
"J«H4Hart
N

Tear.
1900.

Last Sale.

Had.

SmaU oertfiflOO...

64
89

8.

Santt

13

Hrle

OonTort deb oerti 81,000

88)«

98

flii
ft

Week's

Range or

•

•

lit extenilon gold 6i.l937
aeneraiROid 4i
193H

lit 6l MoM M W ft A1.1917

NVt
N V iS:S^L S* N T O

9994

A-O
A-O

1937

108 11454 North Ohio. S.*Lfci?&w:
Northern Paolllo—
113
114J4 Feb '01
109
Sale" 91«
88
92H iVs 76
Q-J
Registered
*
1997 Q-J
»*•••« •••••!
Q«o«rail««n « 8s
t •
!•••••
8047 Q-Ft
o.I^Sl'twad
8047 Q-F+
St Paul-Du Dly g 4s.. 1996 J-D
••••* llOXJ'ly'OO
1105411034
Reglsleied
tttiee
1995 J-D

Cnlf Aref g4i

Morgan'! La ft T.

^'••"y ^»*«-

*#»•
tie** ••••

97JI 837

97

March
Bid.

"

[Vol. LXXII.

3.

Price
Friday,

5'S

Wbbk Ewdimo Mar. 8.

••••It •••*•!

78

Page

(6 pages)

EXCHANGE

Beglitnred

,

I

BONDS.
N.y. STOCK

••aeia
• • • • t

prices

Eigh,
IBl

93

101
100

ICl

Mo K* a lit gag
MoPao— <d7i

NewHftD.

Range

A$k. Low. High.

184

MlnAetLgn. 8m BO BAN
M * P itt 6s (t 4i lut
-J
M aSM&A lit g ii int 8;a..'36
Rn.'36
-J
MBtPASSMouuK iilutga'SS J.J
Minn Dn. Sm 8t P M & M.

ft

Wtek't

Range or

147 1.J
147J< Feb.'O'.
•80
>•••« laiH
12'H
laeji
laaji Feb '01

Paolfleez litRoId e«.l93l
lit ooni gold ei
19S1 M-M
lit and retand. 4i..,.1949 ItI-8

Naah nor

1 1.

..

I

THE CHRONICLE -BOND

472

Bonth

•

•

118
96
76

(55*

Feb '01
Deo'OO

]...

Apr '00

NT
OOrftStP. SmOANW
PaoOoastOo— 1st g6s.l946 J-D
aeof

118

180

109
90
60

110

Oiwago ft Bom*. j8m

8MNTNHftH

MJJnnoBB. fiMNTOent.

109 Bale 109
10954 10
Missouri. Bt* Mo Pao
_
IfOftNIIprlorlleng6i.l915 A-01
Panama Istsf g 4)4s....l9l7 A-O 105 106)4 106 Jan.'01
H T BUn ft Man Bh. B»$ L I.
_Sfsabsldyg6s
1910 M-M 10094
101
Deo'OO
lit 7l.. 1903 J-J 107)i IC713
N T Oantft
PennOo— On Istg 4)4s. 1981 J-J 114
107MPeb'0l
1089< 118
ii4)i
1141a
BAgUtered
1903 J-J 107
$agutared
•
107)4 Feb '01
111
1931
Sale 1141a
1141a
II413
108)1
J-J
O 8)^1. .••••.•••! t ••••1997 J-J •1091a no's 110 Feb '01 alO 108 111)4
Otd3<4saol traitrag.~i937 M-8 ;•••• •••••• 108 Noy'9»
B«gli tared.
1997 J-J ...... .,,,•* 110 Ang'OO
O BtLJkPlstoong6s.l9S3 A-O 183
110 110
194 Deo'OO
Dabantnra 6iot. 1884-1904 M-8 104H
Begtstemd
1932 A-O «.•••« *•,,,,
106H Feb '01
10894 108
Baglitarad .... 1884-1904 M-8 10494
'01
OJeyftPltMbFeb
106J4
106
107%
Rag dab 6i of . . 1889-1904 M-8 104«
a*ngng4)4saar'aA.l943 J-J 188 •>••*• 181 Oot.'00 aaaa
109W Bcp.'97
•aaaaa §•••••
Dabontnra gti.. 1890-1906 J-D 10854
103>< Jan-'Ol >• •• 101% 10894
Series B.
1943 A-O 18454 ••••
aaaa
Beglitered
1890-1906 J-D }08«
Series C8)4s
Jan.'01 e • • *aaaaa aaaa..
1948 M-N 104
102M
••aaaa
aaeeaa
Dabtoerti ezt g 4i. ...1905 M-N 108
rle ft Plttjrn g S)4s B. 1 94 J-J 101>a
103
103
4 101
108
NoT'OO
1089i
Beglitered
1906 M-N 108
Series
..,,1940 J-J IOII9
103M J'iy'OO • • a •••a aaaaa
Lake Shore ool g 3Xi.l998 F-A 97
97 h 97M
Nft CBdgegengng 4)^s.'46 J-J 111
»7K 88 96)4 98
Beglitered
1998 F-A
P
O
O
96%
16
ft at Ii eon gn g ius96%
98
98
Ifloh Cent ooU g 3MI..1998 F-A "VeMsiie" 96
•117 118
BerlesAi
117
..1940
95
98
117
961a 77
Beglitered
1998 F-A (•ettfl tfttt. 97 Jan.'01
Series Bgnar
117
1943
94
97
117% Feb '01
a a •*
Beeoh Ork lit ga g 41.1986 J-J
Berles
HI
Mar'Ol
Ognar
1943
aaaaa
108 110)4
e
1161a Feb'Ol
Beglitered
1936 J-J
Series D is giuur
106 J'ne'98
1946
••••aa aaaaai 109
Apr'OO
laaaaa •••••«
Sdgngold 5i
1936 J-J ll'iH
Series Bgnar S)4s..l949
_
!•••••
• ••
99 Deo'OO
aaaaaa
•*••••
Beglitered
1936 J-J
Pitts ft W*01b?7ji. 1913
• a ••«
•eee*
• •••
136)4 Feb'Ol
laaaaa aaaaaa
OartftAdlitgn gia.1981 J-»
Sd7i
aae«*
1912
18794 NoT'OO aaa
•aaa*^ •••••<
Clearfield Bltnm Goal Oorp
8d7s
1918
13254 1361^ 13694 Jan.'01 aaaa
litif intgng 4iierA.'40
J
90
95
•f J'ly '98 • ••• •aaaaa ••••»• PannBB 1st real Mg4s.l983 M-N 109
108 May'97
Small bonds serlei B. .'40
J •«#••! •••tae
Oonsterhngg 6i
• •• •«
t ••
1906 J-J •aaaaa aaaa
•aaaae ••••«!
a*aita aaa*
OonTftOfwelitgag6i.'43 J-D ••eeaa ••••«•
Oon
oarrenoy
e*
Oi
rag..
•••
.1906 Q-MI •••at* aaaaaa
•*•••• aaaa*'
••»«aa aaa
Moh ft Mai 1st gn g4i.l991 M-8 ••••ea ••»••• 107J< J'ly'OO
Oong
6s
1919
aaaaaa aaaaaa ia«a*
10694
107)4
M-8
**aaaa
N J Juno R go 1st 41.1986 F-A 106
108 7ob '00
Beglsterad
108
1919
aaaa«« a ••
108
laaa*
••aaaa
B4wlitered
1986 F-A ••••t •»«•#• ••••••
Oong
4s
116
1943
•••••4
aaaa**
•••«••
••••at
M-N
aaaaaa
N YftPnt Istoongn g 4s.'93 A-O eaeeae •••••« • • •• • ••••••
Qr BftI exist gQg4)4s. 194 J-J
US Jan.'01
•aaaaa aaaa*'
Nor ft Mont 1st ga g 6s. '16 A-0 117«
01ft Mar 1st gn g 4)4s.l985 M-N •aaaaa aaaaaa 11894 Mar'OO
• ••
•aaaaa aaaea<
Weit Shore lit 4iga.836l J -J 116>t2Sale 11554 116J4
49 110 116)4
D
B
BBft Bge Istgn 4slg.'36 F-A aaaaa* aaaaaa
Beglatered
8361 J -J •IH'ri
47 110
AUagh Yalgan gn g as^1.1942 M-8
1149^
108 NOT'97
114)4
a a a
1149i
Lake Shore oon 8d 7s. 1903 J-D llOMSale 11094 110~
Son ft Lewis Istg 4s. .1936 J-J 107
9 10994 116)4
.,•••
,,1
Beglstered
1903 J-D 11 094 Sale 11094 110
1 11154 11494
UNJRR*Oangen4s.l944 M-S
117
May'OO
Sold SH*
1997 J-D '109^ 110
10954 Feb '61
109 11194 foniaoolaftAt. SMLftNash
Registered....,,... 1997 J-D
110)i Mar'OO
110X110)4 i>aoftBast. SisOOO* StL
Oln*SlstgLSftM87s'01 A-0 •••••• ••••! 108)4
Dao'97
fao ft Pek Un Istg 6s ... 1981
183% Jan. '01
•aaaaa aaaaii
F
Det Mou ft Tol 1st 7sl906 F-A •••••f •••••• 117 Feb '01
>dg4)4s
rab..l98l
99
119 181
101
OoU'OO
-N
KAftaBlstgo6s.l938 J-J •eee«« ««••• «•»••• ••«•••
Pine Creek nw guar Si. 1933 J-D ••*«•• ••••*• 187
aa^ aaaa*
Noy'97
MahonO'lRB 1st 51.1934 J-J ••••• eittf 180 Deo '00
PlttiOlnftBtL. SMPannOo,
180
ruts MoKft Y— Istgn 0s.'83 J-J 141 •••••• •••••a »e*»»e • «»• 189
8<i
L.
Pann
?
Oft
Bt
Oo.
aaaaa aeaaai
Idgnar 6s
1984 J-J isa ••••••
nttsOIeyftTollitg8s..l932 A-O
•*••• • • ••
aaaa* aa*aai
107% Oet.'98
MoKceftBYlstKei.'lS J-J 187 ••••• •••••e
••••••
nttsrtWftOh. SMPansOo.
•••*•«
Ifieh Cent— 1st oon 7il902 M-N
1983 J-J 180 a« aaaa 181 Noy'98
JO«H
10694
1069«
104)4 10994 ntts Jnno 1st g 6s
lit oon 6s
1902 M-N 103)4
103
103
101% 10494 muft L Brl*-adg6s .1988 A-Ot 118 aaaaaa
Ob** aae«*«ee*«ea*««a« •1809 M-8
119 Jan.'01
Pitts MoKeesftT. Bt* N TCen
119)4131
6s
1931 M-S
186 138
1916
90 J>na'99
1879iJan.'01
tntts P ft F 1st g 6s
J •181
Bcglstered
1931
113% Sale 113% 118%
137)4 137)4 iflttsSh ft L B 1st g6B.. 1940
187H NoT'OO
4s
1940
110 Bale, 110
110
lOB 106
Istoonsolgold 6s
1943 J.J •!•••• a»^«»^ 87% Jan.'00
Registered
1940 J -J • ••••
NoT'OO
106)4 106)4 nttsftWest Istg 4b... 1917 J-J •••••* aa»*»a 100% Feb '01
Bat ft St 1st gn g Ss.'89 J-D .••••I •••••• 10654
JPMft Oooertfs
••••••
**«««a •••••• 100% Feb'Ol
••••••
•aaaa ••**•
ft Harlem g 8^1.8000 M-N
•••••• ••••. llSHMayOO
181
131
Feb'Ol
116% 116% PltU T ft Ashlsteon 6sl937.
Becrlftered
8000 M-N
gen
1997
Oo
4i...
g
9494 Bale
98%
9494 713
Reading
ar T ft North Istg SS..1937 A-O *1S8» 186
183 Jan.'01
Registered
1997
181
188)4
88
NOT'OO
B ftOgoon lstezt0s.'8a A-Ot IS8}4 189M 18794 Jan.'01
189)4 Mnsselaer ft Sar. 8m D ft H.
Oiwe ft R 8d go g 5i. .1916 F-AI ••••• •••••• 118 Apr'»9 • ••• 18594
••••a atatta Blah ft Dan. Bu Sonth Ry.
BWftOTRlstgagOs.18 M-N •••••• •••••• •ee* •••••« • •«• •aaa»«
101
100
10094
Eto Or West 1st g 4s. . .1939 J.J •100
laaaat
17
UttM ft Blk BlTga g 4s. '88 J-J ...••• .,••,. ilO Oct. '00
108 110
Utah Cent 1st ga g 4s.l917 A-Ot 90
89% 8ep.'00

MawftOlnBdga. SMPennOc

104)4 118

108
lot

na

• •

•aaaaa aetata

181

_

184

aaaaa •••••«

.

»

!••
101

111)4117%
111% 116

117)4 191
aaaa %%%%%*
••aa aaaaai

•

10154 108

•

•

•

f

a a

1

a •

• • • • •

I

•

.

.

.

.

HT

W

.

No prtoe Friday;

these are lateat td4 and asked thU week.

OUTSIDE SECURITIES
Tcl*K. dk "relevli.
Sold

Stock

Bid.

118
90
Hndion Rlyer Telephone 117
Intematlon Ooean...,.,,, 116
ft

Bond!

,

,

Mexioau TeleRraph.
Mexican Telephone— Sm
N*w Kng Telep.— Sm Boi
Horthweitem Telegraph.

.»••

Boito

T ft N J

Telephone.

•

• a a a

186%

. .

116
86

,

Y

Eleotiio Oompanlae.
Allegheny Oo Light Co...
Bniih Klee&lo Co
Coniol Bleetrle Storage.

Bddy

.

.

.

nllit.

ton Us

183
175
Ssl980
MftN 118
raeifloft Atlantio........
78
ProTldenoe Telephone.
101
gonthern A Ati^tio. . .
97
IT

100
188
118

Bleetrio

Mfg

00..85

Bid. Aik.
Stook Hxoh

165

170

Dne Jnly.

Electric

I

Due Jane.

%

I>ae May.

•

• • • a

Coinpanlea.

U-eneral Mlectrlo (Jo— N

1

Bid.

Aik.

preferred............

49

181

184

aaaai •••«««
•aaaa^ ••t«|
•!•••• ••••to
•aaaaa •••«•!
aaaaa ••••!«
••••aa ••••••
•

108
109

118)4

111^

•••««* •«••••
•aaa** »••••«
•aaaaa •••

117
180
98
•

-

188%

••••• •<•••«

••••• ••»••«

•••••• •••«••
•«•*. ••••••

118% 116%
• •

••••

99% 101
8»S lOlM
aa*«* ••••••
88
96%
8794

88

84)4 101

88

FERRY

Ferry Coi'^anlea.
Ferry (Jompanlea.

Brooklyn Ferry-Stock

tit.

176
17

106% 108
99 101%
186 189S
186M 18714

SSN

Dne Not. a Tliese are optton udea.

Y stook Bxoh

Do pref.—Sm Boiton L
Hartford (Ct) BleoLt Co.
Mo Bdlion Bleotrlo
Do

*aaaa«

18
T* a a aai
Hdlion an lU Oo NT— N T stock Hxoh
Bdtion H! Ill Co Brk— N Y Stock Bzoh
Bdlion Ore Mining Co....
11
8
Bleotro-Pneamatic Trani
a
Fort Wayne Hlec. Co es..
80
Serlei A
,
16
35
.

106

»

(Givbu at poot of 7 oobtsboutivb vk.Qtm),^TEL., ELEG.,

Teleg. de Teleph.
Woit'n Union Toleg— N

Aik.
130

Dn* Jan.

11794

113% 117)4
•••••• •••••!

•

•

114

•

..

Bid.

do
4sk
81

NYftBlst5il911.JftJ If" 86
Con Si'48-SM Stock Bx lilt.
MetroDOlltan Ferry— 6i.. 108
110

**,•(

18
60

N Y ft N J FernNarragan. (ProT)mOo.50 i 98
lit 5l 1946
Bhode Island Blec ProCo. 119
JftJ 106% 107
84
N Y ft a B Ferry—Stock. 69
S3
United Bleotrlo of N J. ..
71
78
Itt 5i 1933 M4N
76
4i 1939
98
i 96
United Hleo LtftP Co pref SMBal toUlt IN Y 4 HDbokon— Stock..
80
61
Balto
U
Hob
F'y
1st
It.
4%« 1939— S«0
6a.*46MftN 1113%
Oon. 01 1946
Wooniooket (R I) Bi Co..
J4D I 94%
iAnd Interest. tPrlce per ih are
I

I

.

Mar.

THE CHRONICLE -BOND

1901.]

9,

BONDS.
II.T.BTOOK BZOHAlf OE ia
Wa>K EHroniQ Mab. 8.
gn g 5I.1U39
1910
RloarSolitglt
1610
Qoaranteed
ftio

Or Jnno

lit

1««8

JSdgoldes

8m Mob Ohio.
t LL ** Oal.
Iron Honnt. See M P.

Week't

Range

BONDS.

March 8.

Year

Lait Bale.

1900.

S.Y. STOCK £ZCHANO£

Aik. Low. High. Wo. Low. High
Bonthem— (Con)
105 Feb '01
Virginia Mid ler
"•ii" "si'
aOM Feb "01
Berlei B 6i
OS Feb 01
08% 04

•

I

• • • • •

I

• I •

A-O

122

65

0«M

81

08

It Ii*S Fr— »dK6lClA190H
1900
•d gold 61 OlafiB

M-K
1906 M-N
Sdgoldet OlatlO
1931 J-J
e«n«ral gold 6i
1931 J-J
e«neral gold 5i
A-O
1987
lit trait gold 6i
A 0..1919 F-A
lit g Oi Plerae
BtLA B7BBg4l....l996 J-J
Booth w DlT lit g Si. 1947 A-O
OentDlT litgli. ..1929 A-O
Kjmaai Mid lit g 4i. .1037 J-D
Bt L So. S«« IlUnola Cent.
Bt L B W lit g 4i bdafi.1989 M-«
ad g «i Ino bond att» ..1989 J-Jl
Orar'i Pt Ter 1 it ku g 6i'47 J-D
Nor Pao
Bt Paal k Dal
8t Paul M & Man 2d 6i.l909 A-O
gold
1988 J-J
oonioi
6i
lit
1938 J-J
Boglitered

H6H

*116

181M 130

llOH llrm
108^ OoL'OO

106 110)4
103)4104

1033

B«glit«red
. .

.1910

If ont Bzt 1 It gold 4i . . 1 087

Witorad

1037

litdlTlitgOi.,.10O8
1008
B*glit«r«d
NordlT lit g 41.... 1048
Reglit6red.....ie48
If Inn Union Iitg6i...ie3!3

Mont

gag6i.... 1987
B«wlit«r«d
1087
lit gnar gold Oi
1037
Beglitored
1087
lit

WUl&Sriitg

6I....1038

1088

B«glit«red

BtP&NorPao. S««NorPao
rlP ftB'xOltT.flMOatPMAO
tePrci * Ph litg Si.l04a

AAA P.

J-J

M-N
J-D
J-D
A-O
A-O
A-O
A-O
J-J
J-J
J-J
J-J
J-J
J-D
J-D

'a

•••••• ••••••
•••••« •••(

W

"97

"ii"
100

97M

79"' "98)4
98)4 100
9094 06

66

J'ne'OO
97)4

"e

68^

HH

Bale
Bale

98 ^j 378
8U 1126

07J4

78«

86

63%

96%
75

118% Feb'Ol

J

16 137

lli«
1371* Feb '99

USM

•»•! 116)4 NOT'OO

ISO

,

I*

106
*•••§ •••#•• 104
•••••• ••«•( 110

•

6

120X

180)4

108«

117)4 121)4
102)4 106

Feb.'Ol
Jan.'99

ibs" 100)4

Feb'Ol

•••••• ••••••
•••••a tteiti
•••It* •••*«!

•

133

••••• ••••••
•••0 •••••«

111

139)4 13S)i

Apr'07
182

116%118« Utah

ISO

Apr'OO

10<

Jan.'01

113

J'ne'OO

186H

J<ua.'00

106)4 Feb'Ol
87 Jan.'01

83%

Waih 04 W.

8E

WeitNTAPa

100>4 214
08)4 1312

0994
93)4

86

76% 85%

NOT'OO

108)4
IO0T4

43
105)4
101V4 277

94% 99H
97

99% J'ne'OO
88

98)4

•

••I

110 May'OO
107)4 Feb '01

110

OUTSIDE SECURITIES

»

•

due Aug.

86
108
8894 33
90
07

1

Mlaceilancona.

Amer

—Com

Bicycle
Preferred.
Bond! 6i

6M

MAB

3694

7ei%

•

•••f •••••!

111«

lOOS
Sk'OS

L«z ATAPF^itgDg
Baglitarad

16 104)4 109)4
118 116%
114)4 1U>4

10794 1089C
108 100)4

i • •

OIU
114% lit

117

jny'OO

117

116

lis

104

Feb '01

118%
03

•

••

»

• ••

1

t

9494

119%

135)4

118
110
101
104
108

181
186
101)4

109%
loe

Dae July.

48)4
91)4

Preferred

86%

American Chicle Co.

80

Preferred
10 t

63
«lt
36)4

Amer Sheet Steel

111
97

0%
10%
83
08

I

88

t 36J-J

118

108%

84% 08
78

88

9994

0794 100

I

Feb'Ol
106)4

108
107)4
10194 108

iVi

1033 106%

Feb'Ol

108%

105 1853
Feb'Ol
110 111
104% 104% "l9 100% 104%
I 186% 180
18794
12794
87 110% 118%
116
ll6)i
106 Jan.'0l
106 108
119 Mar'Ol
118
113
103% 108%
110

48 118

118%
98% 108%
88
83
00%
66% 3081 30% 48S
Jan.'Ol
108 118%
110%
1C9%
100%

IS

113

00

91

109% 118

Feb'Ol

18'.%

181%

98%

00%

110

188

68% 8SM
33% 86

Feb'Ol

••

•

35 107

•••««

•

lie

99% 114%
98% 108

"66

01

84

100

08%

88

100

108

116
104
100
88% 00

113
90
91

188

J-J
J -J
F-A
J-D

180

109

Mar'OB

110

180

1

J-D
M-S
M-8
M-8
M-8
F>A
F-A

126

183%

io6%

•100% 101

136

136

184

Ed Bl m. See NTG A BL HAP
SqQaiLNYlitoong6i..'88
Bq G A Fael. See P O A Co.

T

111%

00
81

80
117

10
11)4
10

Bonds Os

FAA

Am Typefo'rs—Stock. 100

118

Amer Wringer com.. .100
Preferred-

138

18B%

96% Vt"
'

Oot.'09
Oot.'99
Jan.'01

111

lis

il-Hi i*B7"

12s

DM'07

01%

Oet.>08

8

7

48

63
18

185

105
33)4 34
101

03

116%

118% Mar'Ol

101%

Bale

109%
•

•

•

108

UBM

108% 118M

47

Feb'Ol

107% Deo '00

176

Ask.

118% lis

117%

00% 100 106
00% NOT'tO

....

103%

8o^ 81
84%
01H "08)4

Amer. Woolen— Sm Stock Bzoh.

ioi"

00

117

118

it

108

lOTMlOTM

••

are option i&lei.

oonsboutivb FAQ^s).—FBJiRV

100
Am Soda Fonn—Com. 100
lit preferred.
100
8d preferred
100
ajuerloan Surety
SO
Amer 8trawboard,,,.100

o
"46

186

••••••

Dae Jan. iDnaNoT. a These

Preferred

183)4

138

DB.

.

Bid.

n9%ll«J

Feb'Ol

109% Dae '00

M-B
Qai ABleo BergCo oon g 5i'40 J-D
Gen Bleo Cc deb r 5i
1988 J-D
Qr BapQLCo litg Si.. 1916 F-A
.

44 116% 188%
118)4188)4

20% Mar'Ol

119% Deo '00

•183*' 1*26

J-J
J-J
nnBl(Ohls) lit g5i....l94S A-O
W Ohio St40-yrlitoiir6i.'38 M-N
40-year eon g 61
1086 M-N
GAS A BLBOTBIO LIGHT BON
AtlanU G L Oo lit g Ba.ie47 J -D
BoiUGaitretfii fg5a..'89 J-J
Bklyn D Gai lit aong6i..'46 M-N
ChQLAOOo. SmPGAOOo
Colombni Qai lit g 61 .. 1038 J.J

.

07%

06

J -J
J -J

Qnaranteed gold 61... 1937
Third At lit gold 5i. .1937

. . .

'so

00

116%

01% 170
82% 687

9994

108
106
106

57
106
106
06

7

97

79%

106
109

Mlacellaneona. Par.
42% Amer Sheet Steal pref
91)4 Amer Bhipbnliding ... 1 00

360 1300

5

10

Feb'Ol

88%

ill

104% 10*
110% 117

111
96)4 Feb'Ol

.

Aik.

76

111

119
94

97

411BlRyAL80-yrg6i.l926 F-A
Inn St By lit oon g 6i 1 9 1 J -J •110
111
n FanlOlty Cab. og 61. 1937 J -J 111%
If

Dae March.

7

86
93

118% 116%

116% 116
110% Jan.'Ol
10694 Feb '0

116 115
OonGaiOo. SmPGAOOo
11494119
114 180% Detroit OltyGaig 6
1088 J< J 100 Sale
DetGaiOoeonlitg6i..l018 F-A 108%
108)4118
Hd Bl ni Bkn. Sm K Oo BLAP

•

5

lit

118)2

NoT'OO

83

, .

IDS ioi" 106)4
56 106 111)4

American Bildge Co-Com

American Screw

BwayA7fliATlltOg 61.1043
Beglrterad
i043
OolAOthAT litgn B6I.108S

MetWBBl(Ohio)lit«.4i.l038
Registered.
less

»•

9SH

118%

T Oant.

Baglitarad

105% 107

63

100
108
87

110

3 4i

Dan Tram Cooon g 6i.lOlo
Met Ry Oo lit gn g 6i. 191
LonUByOolitoong6i.i930
icukat StO Ry lit g O1.IOIS
tr g 51. 1007
tfat Bt By gan

110

11094 11a
11794 119

•

1151a

Bap.'00

WVaAPltU. SmBAO.
W Ya OantLA BP litg 61.1011 J-J •114% 116% 118% Feb'Ol
Wheel'g A
lit g 5l .1086 A-O 118
116
116%
Wheal DlT lit gold 91.1038 J-J 118 ,..,,, 118 Feb'Ol
Bztan A Imp gold St. .1030 F-A 110J4
108 Bep.'00
litoon 4i
1040 M-8 • 00
80
88%
WllkaiABait. 0m Brie
WU A Blonz F. Sm St P M A M
Winona A 8t P. SMC AN W
WliCant50-yT litgen4i..'49 J-J
88 Bale
88
88%
8TRBBT RAILWAY BON D8.
BklynRapTrg6i
1945 A-O
113 110 Feb'Ol
Atl At Bklyn Imp g 511934 J -J
110 Jan.'99
BkClty litoon 6i.l916.'41 J-J •113 115 116
116
.'41
BkQCoABcongaKSi.
108
M-N 108 104 1C3
Bklyn Un Bl Ist g 4-Sil950 F-A
Sale
98
0094
99%
Kings Co Bl litg 4i..l949 F-A
89
88
88%
88%
Natsaa Bleo gn g 4s 1 95
City A B Ry Bait litg 5i 1932 J-D
DanOonTr Oo litg 5i.. 1033 A-O
96 J'ne'OO

110% 110%

Preterred
MAS
6i, 1010
Amer Preii Aiioo n..lO0

80

87

101)4

78
110
107

Oot.'99
Jan.'09

113% Deo 00

Bale 11894
110)4 109%
Bale IOC
Sale
54

. .

.

201

••••• ••itii
••••• •••%«
• •• • ••!•%•
••••• ••»«%!
•«••«• ••••!«

_

.

. .

130)4 180)4

Bid.

Preferred
lilt.

114

(Given at poot of

Amer Hide A Leather
Hit.

100
81

Amer Graphophona. ... 10
Aeker.Mer A Con 6b 1903 100
Amalg. Copper— Sc/Btdok Bzoh.
Am Avrlo Cbem— Sm Sto okBz.
Amer Bank Note O0...SO t 61

100

106

109% 118

••

Ask.

76
{105
«

t iM>nds

llOH

104)4 106)4
97)4 10294
6 100
110

169

.

Friday; lateit bid and aiked.

lOlH

90% 00%
80% 86)4

I'l'i

4

8m Bonthem

Weit Shore. Sm N

.

.MAN

• • •

11894 J'ae'09
111!% Jan.'01

litg 61.1087 J -J
1048 A-O
Inooma 6i....AprU.104S Not.
Weit No Oar. Sm Soath Ry.

lO4Mr«l).'08

M-N :i08M Bale 102% 103%
SllayGANlitgng6iie34 M-N
107
107
HouiB&WT litg 51.1083 M-N
106)4 Feb '01
litgng 6i
1083 M-N
HATO litg 6i Int ga.l037 J -J lll>2lll»< 118
118
Oongenntgtd
1012 A-O 113 ....„ 110)4 NoT'OO
91
a«ng4i intgtd
1021 A-O
90
00
Morgan'iLaAT litTilOlB A-O 137
187)4 Jan.'01
litgBi
1020 J -J
185 Feb'Ol
N Y T A Mezga litg4i.'12 A-O
NoofCaIlitgug6i...ie07 J-J
Qnaranteed gold Si.. 1038 A-O
113 Jan.'01
OroAOal lit gtdg 51.1027 J-J
108)4 Feb'Ol
BAAAPaiilitgag4i.'43 J-J B5H Bale 86)4
86M
BoPof Argalitgei.'00-lO J -Jl 110^2 113H 113 Feb'Ol
BPof Oal Iitg6i..l005 A-O ioa«
111)4 Jan.'01
lit gold 6iierB..ie06 A-O no
110% Aag'OO
lit gold Oi
1006 A-O 11a
110J4 NoT'OO
130
lit gold 6i
1018 A-O
130 Feb'Ol
lit oon guar gOi.. 1087 M-N
107 NOT'OO
1006-87 M-N 100 Bale 109
Stamped
109
BPaoof NMez litgei.'ll J -J
118 Ang'OO
B P Ooait lit KQ g 41. .1087 J-J
TaxANO lit?
1005 F-A
lUX 11054 Feb'Ol
Sabine dlT lit g6i.. 1012 M-8
106)4 NOT'97
OongSi
1048 J-J lOeif Sale 10694
107)4
Bonthem— lit oon g 51.1004 J-J llS9i Bale IISX 110
B«giit«red
1004 J-J
LOS Aug'OO
If am DlT litg 4-4M-5il006 J-J •100
100 Jan.'01
Baglitarad
lOOe J-J
AlaOanBlitg 61....IOI8 J-J 114
118)4 Aag'07
Atl & DanT Ist g 4i..lH48 J-J
e4>< Bale
04
e4)i
Att & Tad litg ga 4i.l049 A-O
OolAGreenT lit 6-61.IOI6 J -J
180 Feb'Ol
B T Va A Qa Dlrg Si. 1030 J-J
117)4 Jan.'01
Oonllt gSi
1056 M-N *ii9^ laoM 190
180
BTanraorllang 4-Si.ie38 M-B •lis
lieMrab'Ol
Baglitarad
1088 M-8
Sk Pao Bt lit g 6i. ... 1082 J -J 136
184)4 Feb'Ol
Bnoi- A Ohio lit g Oi 1096 J-J 134 188 187 Feb'Ol
RlehADanoongOi. .1016 J-J
124 183 Mar'Ol
Bqalpiinkfandg Si.ie00 M-8
101)4 J'lj '00
Deb 81 itampad
1087 A-O 110«
100)4 Feb '01
Bo Oar A Oa lit g Si. 1010 M-N 100
108 Feb'Ol

Ilt6i 1930

litgSi
3d gold 6i
DabantoraMTlaa A..

Qan g

litg..,,5i'31

lit mort Si 1919... JAD
Union Ferry—Stock

115
114

1939 M-N 110
1939 F-A •109
1039 J-J 100
BarlaiB.
66%
1089 J-J
113 113
litg6iDatAOtaflxt..l04l
135)4 136)4
J-J •110
DeiMoluDlT litg4i.lOSe J -J • 00
StOhaiBrldga Iitg6i.l008 A-O 118
04)4 04)4
Wash Cent iSee Nor Pao
100 106

Deo '99

Low.Hioh

•••ft ••••!

DnlNJBBAOOo. fluPaRK
Central. See Rio G Y)
ntahANorth. Sm Du Pao.
UtloaABlaokR. Sm NT Cent
Yal Ind AW. Sm Mo P.
Var
IrglnlaMld. Sm Sooth Ry.

106)4 ioe>4

-J

Bid.

•

litgoid Si
8000 J-D lie's
ad gold Ino. 6i, Dao. .800C 5Ioh.
95
Oo
litgSi
103C J -J no Sale
Weit'ndlT litg Si. ...1935 A-O 118
Qaneral gold 5i
193S J-D
KanAM lit gag 4i... 1990 A-O 97 Sale
Tol Pao A
litgoid 4i.l917 J-J » 88
Tol.-.tL&W-P/llenK 3^ '2! J-J
91% Bale
82 Bale
5C-jear(0ld 4s
1985 A-O
Tor Ham A Baff lit g 4i. 1 946 J-D«
Ulitar A Dal lit g Si. 1028 J-D 107
n Pao-BB A 1 gg 4il947 J-J 106)4 Bala
Begiitered
1947 J -J
1st lien oonv 4i..,..19ll M-N .•••••
OraByANaTlit i f g 0il909 J -J •110
OraBBANaToong 41.1046 J-D 104% Sale
OraShortLlna litgeiioai! F-A 120 ••••••
Ora Sh L— litoon g 61.1046 J-J 118 Bale
Non-onm lao A ei...l046 Sep.)
Utah A Nor lit 7i
117
lOOfc J -J
Gold 6l
1926 J-J

116
183

94H Feb'Ol

QalHar AS Alitg 01.1010 F-A
Sdg7i
1005 J-D

garry Ooinyanlee.
A 23d 3u Ferry

••Bt«i

•

J-D

L MBgeTerga g5i.l980 A-O
0. Sm Bo Pao Oo.
TezAP By B dlT litg 6i.l905 M-B

188" ias"

123

Bon Pao Oo 2-S-rr 4M8..190S J-D 100 Sale
63^4 Bale
Sold 4i Gent Pao ooL.lU49 J-Dt
Re»ilit«red
1949 J-Dt
104
AANWlltgngSs...l041 J-J
OPaolit iefgag4i...l049 F-A 101)4 Sale
Begiitered
1940 F-A
Mort gaar g 3^1 .... 1929 J-Dt 88H Bale
Reglitered
1989 J-Dt

10th

115'-i

Tex A N

Apr'OO

. .

*Ho price

Bale' 116Ji2

Wabaih

1920 J-J
BMb A Roa lit Si
OarO«nt litoong4i. 1949 J -J
Bher Bbr A So. 8m M K A T
BUBOoaAG Sm SarFAW
Bod Bay A Bo lit g Si. 1021 J-J
Bo Oar A Ga. Set Bootbem.

MezAPao

i 1*5 1^

116

J-J

F-A

lit oon gold fi. .1894-194')

186)4 Feb'Ol

136
129

148)4

ai n2>4 117)4
•
115)4116)4

116H Jan.'01

••••••

ifgOi...lOie J -i
litoon g 61.1084 A-O 127

BUSOoa&Ogag4i 1018
Boioto Val & N B. Bm Nor A W

116)4131

lUH

1800.

>

108
108

W

110
140

Tear

2^

>•••••
i ••••

.

BMBoPao.Oo

1034 A-O
Bt John'i DlT 1 it g 4i.. 1 934 J -J
Ala Mid 1st gag BB...1928 M-N
Bnini&Wlitgng4i.l938 J -J

•••••!
••aaai
aaaaat
••aaai
•••••!

TolAOC

M-S

litgBi

ar

f'S

A$k. Low. High, No.

••••••
••••at
•••••i
••••.I
••••••

St

08

05^2

•

BF&NPlit
BftTFA

ebo

I

Range

-f-tf

Laet BaU.

8.

01%

A N. 8<>« M K A T
A of StL litg 4)4i.'8( A-O

I

Week'e

Range or

N.

*••••• ••!••.

<S'««

B«dncedtogoId«Mi 1983 J-J

LA

Bpok FalliANor litg 6i.l93b
Statlil By litga g 4%i.l943
Bnnb A Lew— fieg Penn RR.
UOH 118)4 Byra
Blng A N ?. 8m OLAW
I'0)4ll3)4

•111^2 112>5 113W Feb '01
iili-j naia llSHFeb'OI
•iiiSz lias 118
Feb'Ol
ISOH Bale ISO's 13012

.

Dakou ext gold ai.

W

W

SAN Ala. Sm

L K O * N. 8t* Wabaita.
L M Br. S«« T BB A of StL

M-B
M-S
M-S
M-S
M-S
M-8
M-N

1916
1921
Berlei B 61
1926
Series F 5i
1931
QenSi
1936
Qtd itampad
1936 M-N
A lit or gn 4i.l024 tr-A
Weit N lit oon g 6i.l014 J-J

St

Bt

61.1906
1911

BerleiC Oi
8erleiU4-5i

98

March
Bid.

A

473

4.

Price
Friday,

Webk Emdimo Mar. 8.

•"bo" "si"

Boon * PItti. iSee B R & P.
Borne Wat. AOg S«eNTOent.
8aItLake01ttRS(6s. .191^ J -J
tJo&Qnitg 3-41...1947 .1 .1
8tLaw&Adlr— lit g 51.1908 J -J

Pagk

(5 pages)

Range or

1

'

1

Price
Friday,
Bid.

J-D
J-J
J-J

PfilCBS

9
1

<§

IfISGBLL'8.

Mleeellaneon*. Par.
Amer. Writing Papar....

Bid.

1%

Preferred

08H

5s

Anthradta Coal Co
Barney A 8m Car
Bliss

7

88

Ist Os...

100

Preferred

Bwgn ABngBr

t

100
100

Company—Com.. 5C 185
50

Prvferred

A Mort

01

Bond

Uit.

British

Onar...l00

Colambla Copper

OallTilold Co.

lAnd

intereit.

T

186
see

Aik
lJ«
66
8
iS

87
06

17%
*

• •

)4S
8C44 81

108
100
Prloa per lb ar*.

••

9
89

..

THE CHRONICLE -BOND

474

Lm Qai-L Co of StLlitg 5i' U<

y-F* 107)4 107)< 107
1919 Q-F*
8m PeopQaa
NTOBLH&P..K 68.1948 J-l> 112 Bale lllM
1946 J-D
Pnrohase mon K 4s.... 194 F-A
Bi III lit OODT g 6tl910 M-8
1995 J-J
iBtOone 5i
P»terionA PG 4 K g 5i.l94P (n-a

97
107
121

d

96« 96X
11

PeoQa»&Clitgng6i..l904
1904
8d gtd g6s

1943
1947
1947

latooniolgOs
BefnndinggSi
B«?lit«red

M-N
J-D
A-O
M-S
J-J
J-»

80

113

07K 2!5

107>*
107^
180 NOT'OO

1

107' J'iy''06
103 Jan.'Ol

131

184M
106

121M
Deo'9e

i08ia ...... 108K Feb '01
ChO-LACke Istgng 6i'37
•108
106W 1061,1
Con Q Co of Ohlitgn g 5«'86
104
Feb "01
J-J 103X
a* FCh litgug6i.'05
103
103
6.1947
M-N
103
MnFnel Gai 1st gn k
Trenton G 4 Kl ist g 5s.l949. M-8 •••••• ••••flf 109 Feb '01
DUoa BL4 P 1st sf g et.t9S0 J-J
107J<Jan.'01
WMtn Qai Co ooi tr g 6s...'33 M-N

q

OOAIi & IRON BONDS.

107
10 106
103
"16 108
107

109H
109
103
105
107

106M 106M

learf Bit Coal. SeeNYCAH
ColCAI lit con g 6s. ..1902

F-A
OolO*IDeTCogng6i..l909 J-J

101

104
50

100^ 103M

Jan.'0I

Nov'OO

68

65

1909

Co Snel Co gen gold 6s. 1919 iti-N loe
97
Col F 4 1 Co gen « f B 5i .1943 F-A
i)e Bardel C 4 1. See T C 4 1.
Or RlT Coal 4 C lit g 6i. 1919 A.-0
JetTA Clear C&l litg 6il92e J-D

T'ennCoalTDiT Istg6sl917
A Blrm Dty 1st cones. 1917
Oah C M Co 1st gn g 6s..'22

J-D
M-N
J-D
A-0,1
J-J
J-D

6s. '10
1st g 5i.'19

J -J

De Bare AlCogug

Wh L B 4 P

Co

MAN'F'G 4 INDUSTRIAL.

Oot
extei 4H8.1916
AmmHlde&L
sf
Oil

1st

it8s.'19

Am Bplrlti Mlglst tts g.l915
Am Thread 1st col tst 4s 191
BarASCarCo l«lg6s ..1942
Grameroy 8ug Ist g 6s.. 193S
1910
Steel Co deb 6s
rlMon-oonv
deben 5s... 1913
Int'l Paper Co 1st con g 68.' 1
Knlok loe (Cblo) Istg 58.1928
Nat StarchMlg Colst«66l93()
Stan Rope 4 T 1st g 6s.l946
1946
InoomegSs
BnTelCo Ist s f g6sl918
68.'
18
f
deb
g
8 LeathCo

UB

106M Feb

'01

108>< 10891

98«

98H

90

98

95HJan.'97
May'97
80 May'97

100

105

105

Oot.'00

106

107^

F-A

Sale
Bale

106
106
105

107H
Feb '00

ICO^^Feb'Ol

97

33

Q-F
M-S

18 103
19 103
105

105

lOC^

Sale

91>4

Sae

U- 8

o5

90J4

63

37

lOOH
91M

100

Feb

lis

112M

106
109
83

98
33

Jan.'00

S3

J-J
k-O
J -J
A-O
F-A
A-O
M-N

106

90

OS
107

e4

6H

Sale
Sale

j'-ji

M-N

115

104

Bid.

Ask

34
70
80

87
74
45

16
\

(H B)-l8tpref.l00 101
100

8d preferred

Common— See 8t.Bx.

101

108
108

list

Colo Coal A Iron Develop
Preferred.
Ool 4 Hock Coal 4 I, pf d.

"so"

"e'o"

86
84
55

90
86

,J4J
Istg Cs 1917
Compressed Air Co
Co isolid Car Beating.lOO
Coasol Flrew'k8-Com.l00
100
preferred
Cons Ry B eo Lt 4 Equip.

65

60
80
76

11

IIH

10

Co isoi Rubber Tire

4«<

4)i

S3
33
PT«f
300
Gorbln Cabinet Lock. 100 8S0
Corbin (P. 4 F.) Co.... 25 t 87
83
CruDp8'8h4BnBldg.l00 80
Crucible Steel— S«« Stock Exch. list.
Diamond Match Co... lOU IdtH 139W
CM
SM
DUtUl. Co. of America.
Pref
27H a'?*
37
30
Kleotrlo Boat
50
63
Preferred
15
16
Beotr lo Vehicle
25
36
Preferred
8iH 80
Bmplre State Sngar. > , • . i
•

lit 68

Bmplre

UOOH lOlK

Steel

Preferred
Brie 4 WMtem Trani.5C
FldeUty 4 Dep (Bait). .60
General Carriage.....
Q«n0ral Chemical. ...,100
100
Preferred.

t

3

6

88

86

60

ne«

•••••*

£X

i.'^

78
100

85
106

Gorham Mfg Co-Com.lOO 110

Sale

98
109

105

89M 89M

Apr'97
32

105M

Aug'OO

Feb

ia^
6

US

116

103H 109

87H 95

104

'01

64
7

9b

108

66H 84

1C4H 106

105
t

Due July

Mlecviianeone. Par-

Bid

aadlson 8q. Garden— lUl
M4N
8des 1919
Markeen Copper. , , > a I
Wes Nat Constmot'n, pfd
Monongahela River Coal.
Preferred
...50
Monongahela Water... 35
100
Motlor Safe Co
100
National Carbon
Preferred
,.100
Nat Enam'g 4 Stamp. IOC
100
Preferred

6

minols BleoVeh Trani.lO

t

1%

••

IM

International Bleyat.lOG

99
Bxob. Ust.
[nternat SUver— See Stk. Bxoh. list.
89
do
Do
pref
41
Do
do bondi.
96
99
3
Iron Steamboat....,,.10C
4
68
J4J
eo
«i 1901
iohn B Stetion—Com.lOC 110
Preferred
IOC 116
130
Internat'l Pamp— See Stk,

joumeay 4 Baniham.lOC
Preferred
IOC
Lanston Monotype..,. 2C
IOC
Lawyers' Surety
Lawyers' Title Ins. , . IOC
Lonilard ( P
Pref . . 1 C
)

—

.

.

73X

106
190

Hi

74H

80
88
8

26J4

ad

70

76%

100
100
100

t....

63

165
lis
143

StandardConpler.oom. .
Preferred
Standard Oil of N J. .100
Stand Und'rg'dCable.100

86
180
796

A 8m-V.100

65

Stlllw-Bieroe

.

19 1

April.

I

Banka.

Bid.

,....

Qu

America* ....

Am

100
100

Bid.

niH

4:481

118

101

Feb '97

USMDeo'OO

113K

108

101

109

Oot.'99

113

NOT'99

Continental 149
Corn Bxch*.. t380

*

•••

t

•

109

V

lie

109

US

1

108M HIM
108N 118M
108J< 111«

6

114

Feb '01

108M

'01

103

Apr '00

181

108

Aug'OO

106M

10^

100

106M

180

ItO

138
130

Feb.'98

Ask.

i«

06

Sale

Mar'OO

9»i«
96M
Feb '0
95« Vi%

96K

9X

181

1

96

10

84

90
85

101

6

9«M
10

'•••••I

48%

78
45

& MI80ELU8.

Mlacelianeoii»« Par,
D 8 Envelope— Com.. 100

U

671s

100
Pref
B Glass— Common.. 100
Preferred
1 00

US

Steel Corforatioa...,

300
•

•••

1

*
Mechanics'.. 339%
Meoh A Tra* 100
1^30
•«!••
Mercantile
Merch Bxch. 186
Merchants'.. 190 !<) i
Metropolli*.. ^663

Bid.

91

83
180

6

Qu

Banka.

Ask.

Bid.

Nassau*....
New Amst.*..
New York Co.
N Y Nat Bx..
New York..,
19th Ward*,

38% "sg%

otatio ns.

)90
160
190

Qu

otati

^Prague
26th Ward*.. 110
Union*...,,,. 120
Wailabout*.. 100

783
1600
130

336

Brofcers'

Oriental*.... 170

190

Atlantic Tr.

180
490

190

Bowl'gGreen 181%

Ninth
tl06
North Amer. 310
Pacific*
....

N, Y, CITY.

C:tl.Rlty

385
ioo
>•••••

845

Riverside*... 310

Seaboard ....
Second
Seventh
Shoe A Le'tta

360
660

Farm Ln ATi
Fifth Ave Tr
Knlok'rb'ok'r

Manhattan
116

116

as

Broadway*

JSO
110

..

8th Ward*,,.
5th Ave*,,,. 100
300
First
Sings Co*..,. 110
Manufact'rs. i88
Mechanics*.. iJCO
Mech 4 Tra*. 370
Merchant*'. 100

Nassau .,(,,. 885
875
Nat City
North Side*.. 175
...

.

MortonTmst
N Y L I A Tr

NY

Sec A Tr
North Amer.
Real Bst Tr't
3UndardTr't

Am.

Union Trust.

OSMtgATr.

t350

360
1990
380
t39S
400
'475
680
800
580
350
810
310
50O
635
1800
800
t870
350
280
380
aio
1893
440

*

8010
'•••••

400%
••••••

ISOO

•

•• til

•

•••#
<••

1375
•••»•»

371

235
330
1410
..««<

Dait. States.. IrtCO
•

•••

Wttihington

85
110

330
300

'

•••t*

180

Soherm'rh'n' 170%
••••
I7th Ward*. 105
116
• i

306

-

.1

380

BR'KLYN.
Biooklyn Tr. 415
Klatbuih.... 166
B'ranklln...., 380
Samilton.... 370
>••«
Sings Co.... 414%
i
C Isl L A Tr. 300
tfanufaot'rs. 380
386
i^assan ...... 105
People's
300
•••••
•

(^Ulianub'gh

Banks marked with an astarUk.(*) are State banks.
t

.

Mercantile
Merchants'..
Metropolitan

Tr.Co.ofN.Y.

Bedford*,...
.

BAT

Central Tr'it.
City Trust...
Colonial
Continental

Guaranty Tr

185

105
350
State*
State of NY* 140
12th Ward*.. 100
33d Ward*... 100
Union 8q*.... 3i5
West Side*.. 390
910
Western
YorkvlUe*.. 380

i>ni.

810

,

Trust Cos.

no

Aik.

Bid.

346

Prloe par ihar*.

_

.

38

People's*

Aik.
00
88
83

PiOfened
83
88%
Va. Coal Iron 4 Coke.lOO
8
5
6s 1949
M48 86
38%
Westingh Air Brake. .50 tl84% 186%
Worthing. Pump. pfd.lOCi 119
HO

1181a 114
117
180

Brooxij*.

100

t

"01

181

Sale

HIM

109^ 109M

Feb

Feb

10

97M

108

106

Sale

117)2
118)2

181

106

96^

Hi

b96

97X

109% Feb.'9b

SOU

recedlnf.)

103J< 107
104
108

UlX
HI

Tr.Co.of

187

830
Manhattan* 285
Market A Ful 345

aoarntdlnt.

113

to the vovncL.

BR'KLYN,

500
165
150
«600
150
535 560

.

116

104X 107

i08X Jan.'Ol

100
Phenix
475
Plaia*
Prod Bxch*.. tl60
Republic .... 330

830
•
Fifth Ave*.. 3700 3350
330
Fifth
3600 ......
First
14th Street*. 100
803
Fourth
.,
400
435
Gallatin
100
Gansevoort*.
400
Garfield.
Fiaellty*

*

109

Aug'98
109MOot.'00

107

Park

Domes. Bxch *«•••» 103
Bast River.. 144
11th Ward*. 150
>•••••

Liberty
Lincoln

HIM

lOSU
lOOM lOOM
••••• •••«

Jan.'01

&97X

108
103
110
133

Peoples'*

Commerce... 814% tsie

Leather Mfr. 280

I

••••a t«*««t

137% "l6 1S8« 188
18791
138H 83 181M 1S8M
111% 111%
113M118)<
llCJi Feb '01
118)< iieS

108^

Mt Morris*
Mutual*. ...

500
Colonial* .... 300
Columbia'... 800

HideAL'atb
Imp A Trad.

Storage Power
13X
Swift A Co....,
100 101
lOSig
1st 6s 1910-1914.. .JAJ ilOl
10818
Susq Coal 6s 1911. ...J4J 113
130
Texas 4 Paolflo Coal. 100 lOlX • • •
Ist 68 1908
A40 noe 110
Title Guar 4 Trust... 100 460
476
Trenton Pott— Com. .100
5
8
Preferred
100
63
69
Trow Directory-New. 100 06

Oot.'9P

137%

lllJi 113

Brokers'

otati ont.

168

Irving

70
16

90

USX

114M

Sale
I37?i 8al«

Bank*.

Ask.

,

Citizens'
City...

t

4%
31%

Bxch.... ',135
Astor
600
Bowery»
3C0
Broadway.... tass
Butoh's4Dr.. 01
96
170
Central
600
Chase
t*1i
Chatham .... 300 310
4012
Chemical
t

Hano'rCnew)

808
880

'•**%% •%%%%%

111
113

Sale

137^

10
30

N. r. CITY.

Greenwich*..
Hamilton*...

40

i

118
114

J-J
J-J
F-A
J-J
J-J
J-J
J-J
A-O
J -J
J-J
J-J
J-J
J-J

(Thaln.

Union Switch 4 Signal. 60

Gtormanla*...

185

40

114
118%
10751 Feb '01
\.\%% Dec'OO

110^ 113

-J

4

German Am* 130
German Bx*. 876

108
160
147
376

19

33M
NoV'b'e

consecutive viL^m).— BANKS

Broker*'

67

81H

Bonds due Janoary. 1 Due August. aTtaese are option ealat.

*

136

Sloss-Sheffleld-'See Stock Sbcoh. lisl.
Southern Cotton Oil. . .50 t 55
.

Tenn— New settlem't Ss
SmaU

2d preferred
n. S. Cast Iron Pipe
Preferred

100

16
83
18
80

Rubber Goods Mfg

10
•

191(^

1st preferred

.

Preferred
8d preferred
Singer Mfg Co

6*

,

Preferred
,.50
OH 10%
43% Union Typewr—Com.lOO

43
40

n^

Simmons H'rdw-Com.lOO

SO
8
110
106

9

83 Vj

5

Q- F
Q- F
Q-J1
Q-Jt

Preferred

8

84
111

lis"

record see sevMith pa
lC5Ji 105?« 106
Feb '01
105)1 106!4 106% Feb '01
111
\l\9i ill
111
111
Sale 111

y- F
Q- F

J

SIM 88M

88
110

105

1906
ClassG48
1906
Currency funding 48.. .1920
Dist of Columbia— 3-65s. 1924
Louisiana— New con 48..1914
Small
Missouri- Funding...l894-9£
Nortn Car— Con80l4i...l91C
5s

Low High

3

111

r^aily

1925 Q-F
1935 Q- F
1904 Q-F
1904 Q-F

Ml»eellaneoB». Par.

NY
NY

•••t<

8

B

Uigh No.

•••••t

STATB SBCURITIB8.
Alabama— Class A 4 to 5.1906 J-J

Union Copper
Union Steel A

Gramophone. ,.,100
6
National Saw— Pref.. 100
National Salt— Se« Stock Bxch. List.
100 140
National Surety
160
National Tube SeeNYStk axoh. list.
N. B. Bleo. Veh. Trans.. 10 t %H
8%
100
Loan A Imp
70
86
Biscuit 6s 1911. MA8 114H 116
New Jer Zinc A Iron. .100
N. Y. Bl.Veh. Transp.lOO
Nicholson FUe Co
50
30
Otis Elevator— Com,,.,
30|K
Preferred
92X 03%
Peck, Stow 4 Wlloox. .25 t 37
SO 760
Pennsylvania Coal
SO t 8i)« «1%
Pitts Bess4LB
SO
Preferred
71
50 1 8iH 83M
Pittsburg Brewing
44
Preferred
.....50 t
Pittsburg CoaL
.100
37%
Preferred. ,,,,,,.,..100
88H 88%
PlttB Plate Glass..... 100 168
164%
Planters' Compress— See Bost'n list.
Pratt A Whitn— Pref 100
80
bO
Procter A Gamble, ...IOC 840
••••••
Preferred..,..
100 307
dOS
1st 6s— See Stock Bxch list.
Royal Bak Pow pf,
94% 90

64
50

•• ••

Ask

38^

Nat'l

08

s

7

40

. , .

80

t

U
U
U

48 registered
8 48 coupon
8 5s registered
8 58 coupon

Dne May. I Dne

(Given at foot of

Preferred
Heok-Jones-J MUl-Pf.lOO
M48
litei 1922

Herrlng-HaU-MarTln ....
IOC
lit preferred
£d preferred
.,,,
Land
Imp't
4
Boboken

D

B 38 registered. ...... .1918
8 3s coupon,..,
1918
8 38 reg small bonds. 1918
8 38 oou small bonds. 1918
8 4s registered
1907
8 4s coupon.,..,
1907

Virginia fund debt 3-3s.l991
Registered
68 deferred oertfs

106
t

M-N
J-J

Tear

It

107><

Northwestern Tel 7i....'04
U. S. GOV. 8BCURIT1BS. fFor
U S 3s registered
1930
US 8s coDpon
193C <P J

68

116M

108

14%

>

6s. ..1911

So Carolina— 4><s 30-40.1938

14M

130

MutUnTelsf'd

Small

34

8

119

Havana Commercial.

100

••••••

Rangt
1900.

100XOct.'00

Small

"so'

105

Preferred
Russell A Brwin. ....... 35
Safety Car Heat A Lt.lOO
Seaooast Packing Co
Preferred

Preferred

Q-J
Q-J
J-J
M-N
M-N

Mexico s f g 5s ol 1899 Q-J
b These are vricti on lu baM$ of *»« doUars

Jan.'99

106^

109

F-A

Jan.'OO

89J4Feb'00
99
70

78
80
410
Okesebrough Mfg Co. 100 380
Chica«o 4 Alton RR— See Stk.B x.Iigt
Olaflln

Wn

Class

OUTSIDE SECURITIES

U

sm Sale

U 3 of

J -J

mDk4Imp

.

J-J

FOR'GN GOV. 8BCCRITIB8.

99K100M
63"

'01

*Mo price Friday; these are latest bid and asked this week,

li

Registered
3397
Brie J.'4TooItrg8f 68.. .1926
Met T 4Tl8t8f g 58.. .1918
Mut Dn Tel Co. See
Un.
N Y 4 N J Tel gen g Ss oy. '30

US

MISCBIiliANBOUS BON DS.

KlBCcllaneoue. For.

M*M

Vermont Mar 1st s f 5s. 1810
TBLB. 4 TELBPH. BONDS.
Com Cable Co Istg 48... 2397

U
U
U
U
U

107

S*»l»« ••!•••

tr g 4s. 1 948 M-e
Adams Bx—Col
6s. S«eCenNJ

Cant Firew'rxs— Com.100
100
Preferred
Ohateangay 0re4 Ir 68 '15
Obes 4 O Grain BI— Ino.

Ino 5s ....1907
Det
Id gr 3^8 S A.1911
Hack Wat Reor 1st g 58. 1 928
HendBOo 1st sfgBs... 1931
Hobokeu L & I g 5s
1910

Last Sale.

8.

111

NoWestnTeleg. SeeWest.Du.
West Union— Ooltr our 5s.'38 J -J
Fd and real est g 4)i..l960 M-N

.

1926
2dg 5i
PleasValCoallst g sf 5 i,193d
Booh4 PltC4 1 pur m 5il946
Bon Ck Coal Ist g i f 6s.. 1912

Non-oum

II

84H SIX Feb '01
Sale
89
^6% 303

;5

A-O
J-J
M-S
103M HI
M-N
Iron Steamboat Co 6s,.. 1901 J-J
91
95H Mad 8q Qard Istg 5s... 1919 M-N
Man Boh n & L gen g 48. 1 940 M->
106M110
Newpt News BAD D 5s.l990 J-JI
117J4 120
FAOntLand Istg 68.1910 F-A
St L Ter Cupples Station 4
107
107
PropCo lBtg4J<s5-20yr'17 J-D
102>< 107
S Tnba Wat Co oou g 68. .'33 J-J
137
116
8p Val Wat Works Ist 6s. '06 M-S
111

106

GahCoalMln. Se«TCIAR

Conponsoff.

^^

Week's

Sange or

Ask. Low.

Bid.

F-A

W4WHlst5strotf8.
phlo Jo 4 StYd col K 58.1915 J-J
k'n

107H

9BM

Sale

8.

BklnFerryCo lstoong5a'48

Bmall
Mnt Fuel Oas Co
Beglitered

Wbbe Bndimo Mar,

March

Si*

1

.

[Vol. LXXII.

6.

Price
Friday.

Low High

96^ Dec'OO

»fl«

Page

(5 pages)

N. Y. STOCK EXCHANGE

1900.

1

..

BONDS.

Tear

Y.

Bd Hill Bkn- litoon g 4i.'39 J -J

PKIOES

Bange

Price
Week's
BONDS.
Friday.
Range or
STOCK EXCHANGE
March 8. Last Sale.
Wbmk Ending Ma.k. 8.
Bid.
Aik. Low, High.
K C Mo Oas Co lit g 5i,1923 A-0
'S7 A-O
KlsgiCoKl L&PgCi
1997 A-O
Pnrohaae mon 61

ir.

S

..

810%

*

I Purchaser also
>ay
Salaat Stock Ixota.or ataietlonthisw) k

J

March

J

.

THE CHRONICLE.

9, 1901.]

Boston, Philadelphia and Baltimore Stock Exchansres
VST Sbare Prices— Not P«r Oentam Prices.

475

—A

Daily and Yearly Record.
Salet

ACTIVE STOCKS.

Monday,
March 4.

Maturday,

March
ass

2.

Tuegday,

Mxrch 5.

2S5

25S

a55>i

25;

84

246^ 215H

'3i3

255

We.dne»day Thursday,

March
356

March

6.

256

3

191^ •194^ 195
14SH
144M144M
194ttf

ISO

165

43H

42M 42«
SB's 46^

42Ki

46

•4SM

150

160
•128

141^ I41M

•142
82T<
33Mi

83

91

91

SOS

208

871a

208

30^

839i

84

83« 33X
95

95

9S

96
83>t

1>*

1«

85;4 855^
to 9-16 20^
13« 14
3'iH 31U
8814 86>a
S4Vi 84)4
31
31
•16
IflW
95
95

95« 100

99?i 101

29

2^«

141« 14S«
181H 132 180
169
159^ 159
^

6M
7Hi

14
•92

18

69«

•59

89>g
51

88
60

45?i
68V»

45«
68H

44%
68^

7%

7«

714

14)4

18H

13)4

921«

92H

•185H 137

86H 8SM

3«M

6<4

370
98)i 108
960 880

18

92^

86

6M

17?i

13
93
«)4

.

72

60
73

•58

60
•

Bid and Mkedprloei

INACTIVE STOCKS

100
100
100
100

64
160
276

Oovn 4 Paiinm
Oonn Blver..,.
OOMOlTrPlttiKPhU) 60

50

Prsft
«la

8oQth4 Fla.(Balt)100

"
100
"
100
tt'rmant'n Paii(Phll) 50
«
60
HeitonT
4T
"
Pref
60
"
100
Inds Street
lit pref
8d pref

M

KO

FtB4M..(Bost)100

"
100
8ohnylk.(Phll) 60
Mains Central. (B3st)100
MlnehUI4 8H.(Phl)) 50
50
Meiqnehon'g Y. "
60
MorthPenn.... "
Pars Marqa'te.(Boit)100

Pref

r.lttis

"
100
Prsf.
Phil Germ * N.(PhU) 60
••
60
Phlla. Traction

Byi Co Q«ueralT

NJ

20%

46>a

74
86
95
140
68
169
81
61

60
76

"

16

100
100

41

Amer.OsmentT(Phll)

mer.

"
I. 4 8
eo
Aroadlan .,...,. (Boit) 25
Arnold Mining. "
25
•
85
Atlantic Mln'g.
"
25
Baltlo Mining..
B«thSt9Sl
(PhU) 60
Boiton KleoLt(Boit)100
Oambrla Iron.. (Phil) 50
(Bait) 100
OantonOo
Osnten Mining. (Boit) 25

92

6?fi

14

8

ai
66
165

880

60
97

!•••••

70;4

•••*•*

118

43

?M

354

SO
5
831a

89 V,
19

20)4
SVj

34 "a
40>a

TntBTitH48M

"

68
43

13)4

93

139i

92
1

7H

1349£

14

•18%

45
eu
71

48
59
71

Bntte&Boiton

Bid.

NewBngas4C ^ "
New Hav 14 8. (PhU)
NoAmaDredg(Boit)

Ask

168

167%

13

iavi

10

Old Col Mining. "
Osceola Mining. "
Palmetto Co.... (PhU)
Parrott S114Cop( Boit)

86
25
35
10
PennKlec Veh.(PhU) 60
"
Pref
60
60
Penniyl Salt... "
Pennsyl BteelT. "
,t
"
100
Preft
Phlla Co
"
60
PlantersCompTCBoit) 100
"
25
yuincy Mining.
86
Rhode Isl Mln.. "
"
6
Santa Ysabel G

Tamarack

81I..(PhU)
5
Mln. (Bolt) 35

Tidewater

St...

•90

i'-6o

92

93

6
9i

83%

iss"

2

H

13%

850

8>a
83)4

8

46)4

18
170

7%
7%

19
171

7%
8

8)4

345

318

as"
38

4

*H

128

189*"

32>a

33

84

24%

13s

USPHorseCol.(PhU) 1
Utah Mining.. (Boit)4-85
Warwick 1 4 S. (PhU) 10

84

U

34M

7

"
50
rel Coal
VVluona Mlnlng(Boit) 85
"
85
Wolverine Mln.

6%
68

Bonds— Boston.
BeU Tel 4i.. 1908 J4J ^101
A T48 Fgen g 4i.'95 A40 {101%
Adjustment g4i..l995
Boston Term'l 3%s. .1947 IU4

Am

i

83

hl7

68%

8

8

8%

10
60
Ills B07als1...( Boit) 25
Manafac Rab..(PhU) 60
"
Prsf
60

43

MarylandBrsw.(Balt) 100
"
Prsfsrred,.,
100

3
6

IotSP4Dynam(Pbll)

14

101
108
94
118)4

bb
63

}103
{100
101
|llO»s 111%
{1061^ 107

4 W M gen 5i.'21 J4D
A40 noi
DQR4Wlst4i.'48 A40 l 99

43%

"s"
6

^ait'n ist M 8s g.'08 M48 Ill3
Fr Blk4M Y 1st 8s 33 end 3137
Unit'p'd 1st 6s.'33 A40 {187
lUln Steel cony Ss.'lO J4J {....

108%
103
ICO

'

Debenture Si. 1 9 1 3 A40

{....

K C C4 S lit 5i g.'36 A40 {103
KCFt84Glit7i.'08J4D {116
K C F 84Mcon 6i.'28M4N {180H
S C M 4 B 1st 4s..'34 M48 { 99
LRock4FSlst7i.'05J4J
Mar n 4 Ont 6s...'25 A40
MezCent 4i g..l911 J4J
lit con Inc 3s g non-cam

90
{103
{117
{106
1118
{ 81
38

ad con Ino 3i non-cam..

14

5s

E C4 M Ry4B 5s.'29 A40
KC8tJo4CB7s.'07 J4J

Sighttl

6i

A40
1907 A40

99
99
104
191
100
84

18

84%

62,676

lOi

Jan.
Jan.
Jan.
14,035
I« Feb.
1,490
H Jan.
37,830 1319< Jan.
411 117
Jan.
2,106 151
Jan.
14,057 300 Jan.
37,451 78 Jan.
68 330 Jan.
6,633 18% Jan.
203 58 Jan.
7,146 3^% Feb.
1,586 18
Jan.
1,248 *IX Jan
45S 62% Jan.
8
I,17C
Feb.
2,194
4% Jan.
8,171
Jan.
8%
77 90 Feb.
82 127% Jan.
15.841 3!J% Jao.
7.531
6)4 Jan.
1.043 iaa% Feo.
1,036 11% Jan.
437 40 Jan.
15C
54 Jan.
193 68 Jan.

S83
832

Mar.

6
Feb. 15
9514 Feb. 16
8% Jan. 18
% Mar. 4
2
14794 Jan.

3^
80

i3H

123

Mar. 7
164% Jan. 14

370
10<
880

Mar.
Mar.
Mar.

5
5

Jan.
Jan.
40
Jan.
99 Jan.
55
Feb.
67% Feb.
794 Jan.
8W Feb.
16
Feb.
99 Jan.
139 Jan.
3894 Mar.
896 Feb.
128% Jan.
16% Jan.
47 Jan.
6) Feb.
72% Feb.

8
18

•

t 1 • •

'

WU4 Weld 5S..1935 J4.1
Asphalt Co Ss

•

••••

{

89

90

11718

118%

•••-

M4^

BaUs Ter Ist Ss. 1926 J4D
Berg4BBrewlst6s'21J4J
BBoroGaslst58.'38M4f
Cambria Iron 88.1917 J4J
Che84D Caul stSs.' 1 6 J4J
Clt's'8tRy(lnd)oon

103)4

Blm4WUm

101% 108%
118

180

105
93

106%
117
89
117
114
118
107

118
SO

113%

108
104% 106
185

GaCar4NlBt5sg.l929J4J
aeorglaPl8t5-8i 1923J4J
GaSo4Fla lst5s.l945J4J iiaji 113%
KnoxvTrao IstSs '38A40
90
96
Lake R Bl lstgu5s'42.M48 116
MaconakN 1st 4%i '90M48
Maryland Brewing 6s ....
so" 80%
MetSl( Wash) 1st 5s'26FA 118
119
New OrlGas 1st 5s...Yai

Income 5s.... 2862 A40
111 Gas-L l8tgSs.l928
Hestonv M 4 F con 5s.'21
H4 B Top con Ss.'aS A 40

Ry

4s.. 1933
C Sub B 1st 6s..'20 J4D
Lehigh NaT 4%s. .'14 Q-J

K

114M

116
* •

•

tt

•••t

••

••13

«

••••

Coniol6so.,,.190S Yar
1919 Yar
Consol Ss r
Penn 4 Md Steel oon 6i

Pa 4 N Y Can

7s..'06

J4D

1939
1939

A40
A40

Steel IstSs.'lV

M.kN

Cons Ss
Cons 4s

People's Tr tr certs Is.'li
PhUa Kleo gold trait otft

107
117
108
126

• •

••••

LIO

186

118

iia"
110
779^

7JI4

101% loa
110

"87 is

UnBIL4Plst4%s'29M4N
96

Income 4s 1949.,,. J4D 73
Ylrg Mid 1st 6S.1906 M4S 107

>a

117
118
107
110
95>4
9e>i

73)4

109
118
lao

no
111

96
88

\6c9i lOl

109
110
78
• •

•

80
t«

113
108

• «

•

•(

•••••

106

Newark Pass con 58.193C
NYPhU4Norlst4s '39J4J 104 104%
86
Income 4s. ..1039 M4N
80
No Penn 1st 4i..'36 M4N
1903J4J 108%
GenM7s
Penn gen 6ir... 1910 Yar

Penn

Ya (State) Ss new.'33J4J
Fond debt2-3s. 1991 J4J

•

I

•

63

Consol 6s
1923 J4D 181
Annalty 6s
J4D 1^9
49
Nat Aspealt col Ss
New'k Con Gas Ss '48 J4D 105

Norfolk St lit 5i '44.J4J

M4S

16
81

1914 Q-¥
BR4!g
Gen M4%sg.. 1924^-1
Leh VC'l lst5sg.'33J4J 105% 100
Leb Yal ezt 4i.. 1948 J4D 130
1910 M4tr 138% 180%
2d 7s

NewpN40Plst5i'38M4N 106

6th series 5s.l926

4

a

Istes.'lO J4J

Indianapolis

'

Bl lst4s'4().M4a

a

58.'3ci

Bq

117
108
181

Bxt 4 Imp 5S.1932M4& 116

UnBy4

6

IS

1191a
1141a

120

Bdlson Bleo 5s stk tr ctfs
Hlec4 Peop's Tr stk tr ctf t

NorthCent 4%s.l925A40
es 1904
J4J
Series A 5s 1936.... J4J
Series B 6b 1928.... J4J
Pitt Un Trac 5B.1997 J4J
PotomYal lst5s.l941J4J
S«oATTn(Pltti)Ss'34J4D
Say Fla4 West Ss '34A40
Seaboard A L 4s 1960.,,,
Loaneertfs 1902
Seab 4 Roan 5s.l926 J4J

a

30

ChooOfc4Ggen 5s'19J4J llu

5S.1990M4N
BaltCPa8lst5s.l911M4N ill" i'la"
Fuudg 58.1916 M4N 186 126
Bxohange 3%s.l930J4J 113 114

Ss
1939J4D
Qa 4AlalBtpf5sl94SA40

3

13
18

ABk.

Bait

Consol 5S....1933M4N

11

Bid.

Bait Beit Ist

Chas City Hylst Ss '23J4J
Chas Ry G 4 SI 5s 99 M48
CharlCiA eit5s.l910J4J
8d 7s 1910
A40
Clty4Sab lst58.1922J4D
Clty48nb(Waih)lstSs'48
Col4Grnvlst5-6.1917J4J
Comtol Gas 6s..l910 J4D

6

8
7

6713

tr ctfs

Atl City 1st 58 g.. '19

. .

Bxt 4 Imp 6S.1901M48
No BaltDlT 5S.1942J4D

5

60%

Colum St Ry 1st con 5s.'3v;
Con Trac of N J 1st 58..'3.- 109%
Del 4 B Bk 1st 78.'0S F4A 114%
Bast4A 1st M 5s.'20 M4.N 115%

2d series 6i..l911 M4S
3d series 6s..l916M48
4thser 3-4-5S.1921M48

83
80

*m

AlleVyBeit7sl910A4O 127

{103

Atl(3-Llghtlst5sl917J4D
Atl Coast L ctf s Ss J4D

Cony'rtlble 5il906M4N
Central Ry 6i.. .1912 J4J

4

Jan
198
Jan.
6
19,375 13^% Feb.
150% Mar. 6
68J 14^% Jan.
155 Mar. 8
12 128 Jan.
ISO Jan. 84
4,411 37% Jan.
Feb. 81
rei 4 5
Feb.
Jan. 80
88 I3» Jan. 19!l44
Mir. 8
10,830 26% Jan.
4: 35
Jan. la
13,574 21
Jan. 2i(i S9^ Mar. 8
2,t98 77% Jan. 1-. 8 % Mar. 8
1,688 13)4 Jan. 29| 18% Feb. 11
148 88% Jan. TS-' 91
Jan. 11
200 79 Jan. 2l| 88 Jan. 4
145 85% Mar. 4 87)4 Mar. 8
11 205
i 20814 Jan. 31
Jan.
12,849 71% Jan. 2ll 7894 Mar. 6
38,681
12% Jan. <| 18)4 Jan. 7
8,101 33 3-1 8 Jan. 36, 3':9< Feb. 7
6.8et 19
Jan
ilasis- iejan.7
17,300
994 Jan. 3i: 11% Feb. 18
22,201 21% Jan.
3i% Mar. 8
6,881
78)4 Jan.
97% Feb. 7
1,537 82
Jan.
90)4 Feb. 7
8.088 39% Mar
37 Jan.
a
8,985 15% Feb.
17% Jan. 7
612 9%9i Jan.
4)7
Mar. 7

WestVaC4Plst6K.-llJ4J

M4N

Ist 6s tunnel 1911..J4J
Bal Trac 1st 5s.l929M4N

«
7

Bonds— Philadelphia

Rutland lst6i..'02 M4N {103
Torrlngton 1st 5s 1918.. i
West Bnd St Ss. .'02 M4N {108

1914M48

M»r.
Mar.

245% Mar.

BONDS

681a

NY4NBnglst7s.'05J&.J 41119^
l«tmort8s.. ..1905 J4J {109

1916

258
180

Jan.
Jan.
Jan.

Bal tlm o re—ConcI u'd.
West N C con 6b. 1014 J4J

1st Ss..l937 i 68
{101
Tele 6s.'16

Balt4Plst6emll911A40

814

87%
87%

"
"

25
85
CnCopL4M'g
CnKILiPowpf (Bait) 60
United Frnlt (Boit) .100
35
Dn Shoe Maoh.. ••
as
"
Pref
US Mining.... " 25

Income

10! 251
638 !C9)i
61 341
382 194

Ask

1

NBGas4C

Bonds— Baltimore.
Anacostla 4 Pot ...... ,5b
Atl4Ch 1st 78.1907 J4J

DomlnCoallst6s.'13M*8 alio

80%

Bid.

...
NewBngcougen5B'4SJ4J
N K Cot Yam 5s 1939F4A 1104%

4%i
Deb4i

66
85

(PhU) 10

Bos UnOas lst5s.'39 J4J
1939 J4J
2d MSs
Bar4 Mo RIt ex'pt 6s.J4J

BONDS

New Bng

6

C=rr't Rlv 1st 5s.'27

35%

.

14

3

.

Chi

3494
13

10

Boston— Concluded.

MI8CBLL.—Gonclnded,

SO

99

"

m

40

98

25

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

850

13>i

STOCKS -BONDS

Pref

"

"
Prefarredl
.... 60
•93
92
New Bng. Cotton Yam, pref. (Boiton) .... 1 00
187
137
137
New England Telephone....
"
....100
3S
3714 38<4 Old Dominion Copper t
"
.... 25
61«
Philadelphia BlecT Spald.. (Phlla.)
6)4
185
124% 121% United Oas Improvement T..
"
.... 50
14
12)4 19H United States OH
(Boiton).... 25
46
46
48
Welsbaoh Co
(Phlla.) ....100
58 60 Wejtlngh. Bleotrlo 4 Mfg... (Boiton).... 50
69
•
"
71
Preferred
71
.... 5c
,
a 35 1-16 35 11-18

8)«

«!<

999t

& Montana

.

1394

87%

38)4

14

e6Vi
6)4

•136«

135

Boston

"
Calumet & Hecla
25
17« 17% Cambria Steel, 910% pat(!...(PhUa.)
50
•59
SiH Consolidated Qom
(Bait.) ....100
39
88H Dominion Coal
,, (Boiton). ...100
eOli 53
Brie Telephone
"
....100
4314 44I4 Federal Steel
"
....100
65
68
Lehigh Coal A Narlgatlon. (Phlla.) .... SO
814
"
Mariden Col
•3Mi
.,..100
"
7% 7% National Asphalt T .,.,.
.... 60

44

93

13SM 136

365

}1C8

48%

••nsral Bleot.
Prsf

lou

17%

7«
3794
«i<

99)4

835
69)4
38)4
69)4

13)i

858
96
830

364

}108

385

88
313H 816
190

•'

Miscellaneous Htocks.
102>4 AisalKamated Copperl
(Boiton).... 100
28^4 Amer. Anneal. Chemical 1..
"
,..,100
"
Preferred!
....IOC
889i 8894
•1%
a
Amertoan Alkali
(Phlla.).... 50
•«
"
^ Preferred, 910 paid
.... SO
140
143)4 American Sogar BeQnlngl. (Boiton). ...100
122 122
"
Preferred!
....100
180% 1<)1% Amer. Telephone 4 Tel.Co..
"
....100

38%

17«

8%
7%

.

68

101

Non-exempt 6i.'18 J4J
SiEk fundi!.. 1910 J4J
Ch Bur 4y 4i.l922 F&A
lowaDlT 4S.1919 A40
Chicago J nnc5s.l915J4J
Ch 4No M gn 5s. "31 MiN

883

846

.

16
97

130

diionBl 111...
IsoOoof AmT.lPhU)

"
100
Ind-Bgyu Com( Boit). 100

92

81X
83h

Westm

16

110
801a 311a

50
rrankllnMln'g.(Boit) 35

1«V«

35H
21
13%
31%

.

88% Torrlngton"A"(Boit) 33
109
61

DeLong U 4 B
10
"
DIam State St
6
Oomln Coalpf (Bo«t)10C 109
60
(Boit) 100

'OH

69)4

79<

Su8qneI4

••

BaitonConBl.(PhU)

(Bolton).... 100
253)4 Boiton i Albany
"
]Hl
....100
BoatoD Kievated, fall paid..
"
216
....100
BoitoD & Lowell
•195
19>)
"
....100
Boston & Mtiine
148
"
....100
lSO)i Chlo. Bnrl. & Onlnoy
,
"
153
155
....100
Chic. Juno. * un. Stock Ydi.
•129
13*
"
....IOC
Proter.-ed
439* 4294 Cboctaw Uklahoma & Oalf
(Pblia.).... 50
"
.... 50
,
4«X 48)4 Preferred
144
144
Fitch bare, pref
.••( Boiton ) .... 1
82% 83^ LehiKh Valler
(Phlla.) .... 50
i8.4 Ii9y4 Massachaietti Bleot. Coi.T. (Boiton).... 100
^2 4 SiH
Preferred T
....100
•1715 '8
....100
Mexican Central
•91
92
(Bait.) .... SO
Northern Central
Northern PaclOo
,, (Phila.) ....IOC
"
....100
Preferred..,,,
•309" !!!!!! Old Colony
(Boiton),,,. IOC
759^ 75% Penniylvanla.,,.,
(PhUa.).... 50
15 1118 1-5 KeadlnR Company
"
.... 5C
.,
a
"
lit preferred.
.... 5C
"
20% 20% 2d preferred
.... 50
)»% 1314 Seaboard A'r Line
(Bait.) .,..100
8I!4 81% Preferred
"
....100
,
9014 91
Union Paolflo
(Boiton).... lOC
85'4 8594
"
Preferred
....100
32)1 32% anion Traction, $17% paid. (Phlla.)..., 50
16
16% United Ry & Eleo. Oo..,..., (Bait.) .... 50
97
97
VTeitBnd Street.
(Boiton).... 5C

laraanthslar . . (Boit) 100
"
IC
'"Jt Teleohons

I

DomIron4 8.T

17X l-«
59K sux

lasH 125

. . .

<•
Central OU
Con. Lake Sap. (PhU)
"
Pref
....
Dmnr.Beiiemer "

838
97
855

368
ina
865

65>a

MIBCBLLANB0D8,

i^llonei Mlnlng(Boit) as

380
97
855

68

101

Wli Osnt, new.(Boit)100
"

aos"

H

65>a

150

113

Prsf

1794

9«

l^
13K

......

60
50
60

WorNaih4B.

a8«
82>4

83)4
2

68)4

ihi

"

14?
33

tiSH
3

li8

44
97 "a

880%
25
38%

WeitNY4Pa.

83« 84
3
3%

38;4
6iiH
44)*

(Ptall)lOO

OnPow4Trani
Weit Bnd pref.(Bost)
WsitJer4 8S.(Phll)

48)4

29

44«

85)4 .••^•,

"

United

42H

88

38
53

34%
160
170
300

OsntralMaii...
Prsf

149H
151H

93X

39
62
45

Bid. ABk.

4 Cbarlone(Balt) 100
Boi 4 Maine pf.(Boit) IOC
100
Boiton 4 ProT

A.U

104

45
44H 45
68
•5H
60
•
70
71
no sale wat made.

RAILROADS.— Pricei Mar.
mer.Kallwa;i(Phil) 50

17«
59J4

136)^ ISSig
87)i SSH

1S4M 184K 184^ latHi 186
14
l*H 14H \iH U>4

68

353%

195

Lowest.

Railroad 8toeks<

242

1

368

69
39
CO

•186« 137

101
'At

f Indicates onllated.

8.

Range of Salet in 1901.

of the
Week.
Share*

•175

180

312

133)4 143
139)4 141)^1 141
141)4
i3i?4 laiji •121
121
133
1604 188
ieO)i 162
1611a 162

17«

ev

;!9

saw 84
ax 2)«

69J4

50
45

46

3)2
97
860

9.

37X 3»M
60

142H
121
180

860

860

H

M

337

88H 89
"iiii
69t4

29

83M 88M

8 36

17012 17 IX
189
•242 248
213
194i<i 194^
194 "a 195
194)4
r4SX147« 14894 150!< 143)4
150
160
148H 150)4 160
12U>al29)t 129
43
42
42
4314
46)4 48W
48X 46M( 48«
143
142M 14i)4 •143
33%
33% 33
3254 83M
28
'i^i^
28)4
a7H 38
8C« 81
Slifl
81
8l)i
17
18
17% 18
18)4
fll
•9C«
91
91
91
85
85
84H 81?i
87^ 871^
808"
•208
308 208
75« ->«% 76!< 76?< 75V4
16H 18!4 16 l-l* 7-16 1594
36«
seM 39 1518 86
auH 31)4 21 1-1« 7-16 21
13
13)4 .18%
13H 13%
31
SO
319«
299^ .H094
9i)4
69% «1>A 93
92^4
8512 8i%
85
85
86
3i% 3394
32%
38?i 3t
18
10
16
18% 18
98 H.
98
95H 95)< 95

29

141

834

75?^

15^ 15H

29W 89V
63>g

87X

809

76

74^6 74W
16M -5 S 16

30!^

83 «

•^7
a7«
80« 80J4
17^ 17H
•eo« 81X

a6M 86%
80
80H
i7« l»^t

March

7.

355)i259

16S^ 169
842

Friday,

I

Trust certfs 4s

IO8I4

117
108
91
103

110%

1071a
lOlVt

7018

Ph4Br geu M 5g.'20 A4C l«ll«
Oen M 4sg..l920 A40 llOlt
Ph 4 Read 2d 5s.'33 A4v 129
Consol M 7S..1911 J4L 131
Con M 6s g... 1911 J4L 180
108
Bxt[mpMlaK.'47 A4C

M of "82 4s.'37 J*,
Terminal Ss g.l941 y-I
Con

185

183%

PWU4Balt4s.l917A4<.
CoUat trust 48.1931 J4.I
Read Co gen 4s, 1997 J4.I

Rochester Ryoon5s.l93i
SohRSSldelstSi g'S5J4D

SoranTrao
United N

1st

lUi-H

91% 94K
11

111

8s^32M4N

4s..lk'llM4t
UnTracPirUgen5i'V>7J*.'
J

Weisbacbsf 3s 1930. J4D
lAnd interMU

116

77%

.•ffti*

pais

•Prlos Inoindss oTsrdQc coapc nt.

.

.

..•

..
.

THE CHRONICLE.

476

rvoL. LXiii.

aw£ l^vaitoad Itttjelligjewjcje*
RAILROAD EARNINGS.

[ttxrjestmjewt

The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
oan be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
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 toqether separately on a subsequent page.
Notice Change We have changed our yearly totals so as to make them date from July 1 instead of from Jan. 1.

—

Latest

BOADB.
Weekor Mo

Qrou Bamingt.
Ourreni
Tear

July

1 to Lateat Da,.*

Previout

Current

Previotu

Year.

Tear,

Tear.

Lateat 9roit

Weekor Mo Ourreni Previous

9
Adlrondaofe
Ala. Gt. South..
Ala, Midland...
Ala.N. O.&Tex

December.
Ithwk Feb
Jaiiuary

..

16,390
48,424
99,337

16,286
44,106
93,188

100,165
1.485.537
628,278

110.921
1,448,616
56y,891

as Pao.Jan

N.O.&N.E... IstwkFeb
Ala.&Vlok8b. Istwk Feb

38,000
31,000 1,193,135 1,120,497
577,550
544,609
18,000
15,000
559,542
461,521
13.000
18,000
Vlok8.81i.&P. IstwkFeb.
4tli\vk Feb
32,707 1,160,428 1,146,175
38,609
Ann Arbor
32,457
37,748
5.778
5,530
An.Wa8.&Bal.. I^eoember.
61,230
59,992
16,647
16,408
Ark. Midland... November.
lanuary
31,363,452
27,534,736
4,416,836 1,721,254
Atoh.T.&S.Fe.
1,303.523
December.
259,194
1,467,724
229,794
Atlanta&Char.
283,961
253,375
38,304
32,151
Atl. Knox.&No January ..
381,124
361,909
December.
72,036
67,908
Atlanta & W. P..
692,783 644,953 4,328,799 4,138,163
Atl. Coast Line January ..
133,220
102,829
23,831
17,892
At.Val-1'Bta<feW jaiiUary ..
144,167
93,224
33,836
14,555
AuBtln AN'west December.
7,646
7,274
Balt.&An. S. L. December.
11,427
79,485
82,848
10,966
Balt.&Lelilgh. December.
Bait. & Ohio..) January .. 3.995,159 3,550,011 27,551,535 24,729,164
B.&O. Bou'w. 5
830,785
697,033
124,240
87,295
Bang'r&Aro's'h January ..
27,633
28,284
3,681
3,308
Bfttb&Ham'nde December.
23,951
25,710
3,971
4.622
Bellelonte Cen. January
21,937
22,058
2,644
2,564
BrldgtonA 8.R. December.
January
..
407,720
418,976
63,358
89,116
Brunsw'k&W'st
100,602
96,56a 3,791,306 3,050,078
Buff.R'oh.<fePltt 4tliwk Feb
January
..
69,9t»y
435,245
501,925
62,617
Boffalo & Sasq.
97,938
93,183 3,319,854 3,377,958
Bar.C.Rap.&N 3d wk Feb.
Canadian Fao. ithwk Feb 542,0i'0 490,000 20,304,058 20,647,832
156,869 152,825 4,919,461 4,287,272
Cent, of Georgia •itbwk Feb
January ..
62,976
432,411
445,974
53,918
Central N. E
Central of >f.J. January .. 1,406,018 1,303,419
Central Paolfle. December. 1,475,018 1,331,805 10,403,983 10,199,725
December.
1,752
12,347
12,264
2,162
Cent. Pa. &
75,736
403.038
343,683
74,438
01iarle«t'n&8av January .
2,267
66.947
62,304
2,030
Chattan'ga So. 4thwk Feb
283,967
222,198 10,281,186 8,858,335
Ches. &Ohio... 4thwk Feb
766,488
711,241 4,738.690 3,967,665
Chlo. & Alt.Ry December.
Clilo. Bur. & Q. January .. 3,731,661 3.510,243 30,200,078 29.021,921
99,394 3,823,645 3,575,574
Cblo.&Eaet.IU 4thwk Feb 120,965
131,705 122,580 4,651,451 4,538,083
Chlo. Gt. We'st'ii 4thwk Feb
- 4tliwk
Feb
67,876
69,157 2,695,577 2,759.366
Chlc.Ind.&L..
OMo.MU.&St.P. 4tliwk Feb 831,902 759,832 28,805,727 28,664,904
January
..
3,160,795
2,991,824 25,633,282 25,929,550
Ohlo.&N'thw'n.
108,286
931,256 1,012,508
135,474
OUe.Peo.&Bt.L. February
Ohlo.R'kl.&P January.. 2,194,490 1,822,536 16,501,966 14,840,304
773.396 791,326 6,613,675 6.684,275
Chlo.St.P.M.&O January ..
26,874
21,953
931,290
812,316
Ohlo.Ter.Tr.RR 4ihwk Feb
Ohoo.Ok.&GuU February. *312,000 *198,000 2.930,990 1,667,318
92,610
97,131 3,158,614 3,308,770
Cln.N.O.&T.P. bdwkFeb.
28,004
243,7i:2
28,365
215,266
Oln.Ports.&Vlr January ..
Ol.O.Ch.&St.L. 4thwk Feb 355,905 307,345 11,901,715 11,207,279
60,838
49,308 1,635,472 1,564,271
Peo. AEaafn itbwk Feb
38,117
37,840 1,301.849 1,316,931
01.Lor.& Wheel. 4tliwk Feb
Oolorado&8o.. January .. 376,736 869,388 2,843,05b 2,586.766
16,148
103,034
16,292
99,091
CoLNew-A Lan. January ..
24,923
696,120
17,635
659,711
Ool.8and'y&H. 4thwk Feb
January
..
22,284
146,144
27,722
173,505
Corn-wall &Leb.
80,504
665,975
74.430
628,890
Oumb'l'd Valley January..
4thwkFeb
203,900 176,600 7,713,818 6,830,869
Denv.&RloGr..
December.
212,550
Donver&8o'w'n
210,17a 1,235,449 1,201,789
65,344
476,305
63,406
Det.&Maoklnac January ..
420,026
December.
90,888
I.Range.
79,080 2,594,369 2,741,929
Dnl. &
47,466
55,252 1,634,014 1,726,603
Dulutli8.8.&A0 4tliwkFeb.
13,500
88,380
18,389
91,460
E. 8t. L. &Car.. January ..
162,386 178,62(j 1,116,036 1,110,097
Elgin Jol.&East January ..
Jauuary .. 3,189,894 2,928,709 22,523,833 23,282,525
"Bait
5,820
222,869
6,911
Ev'nfl.&IndJ?ll8 4thwk Feb
248,369
28,962
27,492
966,930
Evansv. & T. fi. 4tliwk Feb
975,854
8.465
59,744
8,426
Find. Ft.W.&W. December.
68,895
191,317
128,017 1,270,012 1,013,474
Pt,W.&Den.C.. January .
10,932
449,027
FtW.&RloGr.. 4tbwk Feb
6,258
308.648
1,296
7,079
1,755
GadB. & Att. U. November.
7,371
January ..
177,610 149,634 1,118,450
Georgia RR
983,153
January
..
108,429 109,285
721,462
635,183
Geo. So. & Fla..
29,974
28,990
1:221,608
ailaVal.G.&N. January ..
209,257
3dwkFeb.
520,144
501,078 16,441,694 16,394,432
Gr. Tr'nk Syst.
84,168
102,539
Qr. Tr. & W'n. 2d wk Feb.
2dwkFeb
18,123
Det.G.H.&M.
685,229
16,517
676,848
.

W

.

GreatNorth'n—
Bt. P. M. & M.. February 1,387,479 1,458,329 18,344,757 16,178,520
171,441
219,514 2,619,207 2,482,350
Baat of Minn. February
181,5b8
149,687 1,434,762 1,492,744
Montana Oeni February
Tot.By8tem. February. 1,740,808 1,827,530 19.428,72t 20,153,614
84,230
81,292 3,146,583 2,829,603
Hoeklng Valley 4thwk Feb
H0UB.&Tex.Cen December. 529,041 878,327 2.799,571 2,293,275
DUnolB Central. January .. 3,064,711 2,912,379 21,521,411 19,293,343
8,318
nilnols Boutli'n January ..
63,783
51.721
321,440
294,284
Ind.D60. (fewest November.
94,542
735,256
Ind.Ill.&Iowa. January .. 110,608
626,935
92,707
90,35S 3,260.938 3,136,415
IiL*Gt.N'rtli'n 4tliwk Feb
.

Wk Feb. It

Unteroo. (Mex.)

Iowa Central... 4thwk Feb

82,200
81,783

85,900
46,762

2,439,700
1,595,345

2,616,680
1,626,134

Bamingt.

July

1 to Latest

Datt

ROAJ>8.

Los Ang. Term.
Lon.H.&8t.L..
Louis. & Nashv.
Macon &Birm..
Manlstlque
{Mexican Cent.

January

..

wk Feb.
4th wk Feb

3d

January
January
4thwk Feb
Mexloanlnter'l. November,
tMex. National. 4thwk Feb
Mex. Northern. November.
JMexloanRy... WkFeb.16
Mexican So
2d wk Feb.
Minne'p.<fe8t.L. 4thwk Feb
M.StP.&S.St.M 4thwk Feb
Mo.Kan.&Tex. 4thwk Feb
Mo.Pao.&Ir'nM 4thwk Fob
Central Br'oh. 4thwk Feb
4thwk Feb
Total
Mob.Jao.&K.C. March 2...
Mobile & Ohio.. February
Mont.&Mex.G'f December.
Na8h.Ch.&8t.L, February
Nevada Central January ..
N.Y.C.&H.R.. January ..
N.Y.Ont.&W.. January ..
N. Y. SusQ. & W. January ..
Norfolk (fewest. 4thwk Feb
North'n Central January ..
Northe'nPao.d. 4thwk Feb
Ohio River
4thwk Feb
.

Pao. Coast Co... December.
December.
PaclfloMall
PennBylvanla^. January ..

PennANo'w'n. January

..

Pere Marquette 4th wk Feb
Phila. (feErle... December.
Phil. WUm.<&B. January ..
Pltt8.Bes.(feL.E. 4thwk Feb
PlttS.C.0.(fe8t.L January ..
Pitt. Ch.(feY'ny. October...

Pltt8.&We8t'n.. October...
Pitt8.Cl.(feTol. October...
Pitts. Pa. & F. October .
.

Total system
Plant SystemAla. Midland.
Bruns.
W'n
Chae. <fe Sav.
Sav.Fla.<feW,

Ithwk Feb

January ..
January ..
January ..
January ..
811. 8. Go. & G. January ..
Reading Co.—
Phil. & Read. January ..
Coal(feIr.Co.. January ..
Tot.both Co's. January ..
Bioh.Fr'ksb.fcP January ..
Rio Grande Jot. December.
Rio Grande 8o.. 4thwk Feb
Rio Qr'de West. 3d wkFeb.
8t.J08. (feGr. I. January ..
8t.L.Ken'et(feSo January ..
8t. L. (fe N. Ark. December.
St.L.(fe8anFran, 4thwk Feb
St.L. Southwest 4th wk Feb
St.L.Van.(feT.H January ..
8an.Ant.(&A.P. January ..
SanFran.(feN.P. January ..
8.FePres.(fePh. 3d WkFeb.
8av. Fla. (fewest. January ..
8her.8hrev.(fe8c 4thwk Feb
811. Sprs. O. <fe Q. January ..
80. 0.<fe Ga.Ext. January ..
Bouthern Ind.. February
So. Miss. <fe Ark. January
Bo.PaoifioCo.ft. January ..
Cent. Pactftc. December.
Gal.Har.&8.A December.
LoolB'a. West. December.
Morgan'sLtfel December.
N.Y.T..feMex. December.
Tex.<feN.Orl.. December.
Bo.Pao.ofCal. December.
So.P'o.ofArlz. December.
So.Pao.ofN.M December.
Southern Ry.... 4tliwk Feb
St. Louis Div. 4thwk Feb
TerreH.(feInd.. January ..
TerreH.(fePeor. January ..
Texas Central. -id wkFeb
Texas (fePaoltio. 4thwk Feb
Tex.S.V.& N.W. January ..
Tol.<&OhloCent. 4thwk Feb
ToLP.&West... 4thwk Feb
Tol. St, L. (fe W. 4thwk Feb
Tol.Ham.(feBuflf January ..
Union Pao. RR.

&

.

Tear.

Tear.

9

9

13,087
7,816
12,618
10,907
591,590 552.558
11,614
6,06it
7,380
8.121
338,371
351,360
493,670
354,672
145,797
153,789
37,18Li
49,367
94,400
91,800
18,790
17,607
68,754
48,485
77,741
85,891
309,474
231,367
845,000
637.000
35,000
31,00(
880,000
668,000
3,312
2,360
c482,7O0 e477,470
130,751
103,361
a609,320 a568,242
3,722
1,936
4,353,571 4,250,319
483,020
391,985
263,674
226,246
328,622
246,334
684,436 657,2a6
604,869 547,459
26,851
21,006
389,615
419.882
260,580 350,790
7.466,171 6,424,271
65,626
67.782
139,298
129,848
516,283 448,274
884,140 863,240
25,948
17,446
1,656,500 1,648.137
21,166
18,293
214,463
182,629
109,706
98,441
40,629
38,140
61,424
57,533

99,337
63,358
76,736
473,879
15,081
2,490,817
2,826,354
5,317,171
87,292
43,563
8,740
74,000
113,089
11,170
7,032
203,898
172,565
160,610
224,838
62,943
17,553
47 3,879
23,067
15,081
23,819
34,532
15,186
6,212.708
1,475,018
601,430
188,487
829,633
26,694
248,488
1,869,507
426,821
226,692
703,695
32,937
124,029
44.269
12,770
302,156
12,000
40,313
24,465
50.657
38,032

93,188
59,116
74,438
405,672
20,174

Current

Previous

Tear.

Tear.

9

9

99,664
431,262
19,283,918
66,981
45,914
11,073,589
2,232,119
4,973,700
292,302
2,708,800
482,892
2,176,296
2.905,69C
10,630,106
22,016,940
915,739
22,932.679
93,486
e4,201,000
692,151
a5,173,672
19,669
33,644,424
8,034,102

758,249
414,668
205,262
2,488,916

72,265
409,263
18,703,750
45,119
49.089
11,099,290
1,883,299
4,797,844
257,342
2,803,410
455,070
1,926,132
3,423,372
9,063.277
20,085,614
907,491
20,993,105
71,206
4,129,463
629,008
a4,804,062
16,913
32,693,499
3,070,399
1,644.384
9,170,143
4,742,490
21,251,455
888,170
2,837,582
2,016,035
46,198,072
406,611
5,006,487
3,176,896
6,506,678
1,376,976
11,636,299
72,188
699,635
367,991
167,623
2,358,880

628,278
407,720
403,038
2,905,188
118,280

560,891
418,976
343,683
2,468,684
158,848

1,425,804
10,561,779
4,729,990
22,662,050
1,011,546
2,818,101
1.645,830
52,220,772
409,771
5,618,194
3,190.126
6,819,078
1,616,355
11,268,713
70,297

2,297,044 16,467,418 16,088,821
2,225,162 16,748,751 18,882,095
4,522,206 33,216,169 34,920,916
667,254
78,617
627,518
41,119
317,983
273,457
377,622
10,861
356,822
84,000 3,089,13» 2,863,709
822,730
93,217
854.519
78.676
8,500
65,331
48,387
40,506
5,778
149,387 6,807,813 5,410,617
116,567 5,164,342 4,175,525
152,297 1,166,367 1,170,216
153,643 1,700,063 1,444,436
631,539
60,03y
593,261
19,409
893,897
640,867
405,672 2,905,188 2,468,584
548,123
11,191
298,022
118,280
20,174
158.848
166,142
21,811
141,094

118,994
10,480
86.148
5,341,905 45,393,166 41,466,525
1,331,805 10,408,983 10,199,725
520,332 3,325,113 3,206,884
829.991
127,584
679,402
760,011 4,078,612 8,816,794
146,601
24,495
168,047
168,90j 1,286,701
909,545
9,402,866
1,418,276
9,079,360
353,536 1,953,639 1,803,116
181.963 1,049,220
983,525
656,470 22,764.756 21,233,085
32,968 1,359.148 1,279,490
135,915
950,960
988,004
41,657
825,656
298,725
480,847
6,695
276,861
240,821 7,601,907 6,076,928
10.280
88,600
70.098
42,548 1,673,979 1.517,483
22,255
736,810
789,968
33,590

32,044

4,713
6,804
31,196
43,611
Oreg.RR.(feN. I January.
Iron Bail way. January ..
3,207,612 2,916,292 26,669,003 23,905,662
16,218
13,641
600,982
Kanaw'a&Mlob 4tbwk Feb
Oreg.8h.Llne
484,393
4tliwk
Feb
132,433
94.131
4thwk Feb 322,542 297,849 11,892,995 11,172,835
K.C.F.8o'tt<teM.
Wabash
41,824
32,144
185,110 179,810 2,274,41e 2,069,716
W.J'i-8ey(fe8ea'e January ..
K.C.Mem.& Bir. 4th wk Feb
35,455
244,183
709,138
608,733
38,512
99,473
86,789
243,119 W.V.Oen.(fePitt. January ..
Ran. C. N. W... January ..
67.889
416,480
375,363
80,183
Kan. City 8ou.. January .. 410,308 383,203 2,685.169 2,397.676 Western of Ala.. December.
10,673
9,449
265,690
261.987 Wheel. (&L.E. ) 4thwk Feb
K. C. Sub. Belt. 2d wkDeo.
52,324
1,762,352
57,103
1,992,051
33,502
34.587
293,365
325,550
Olev.C.&Soi
Lenlgh & Hud. February
97,766
95,942 3,512,121 3,769,503
WlBoonsinCent 4th wk Feb
Lehigh Val. BR. January .. 2,204,642 2,202,548
15,829
89,900
16,157
89,828
Wrlght8V.(feT'n. December.
Leh. V. Coal Co.; January .. 1,918,178 1,672,232
826,997 424,884 4,369,820 3,912,986
29,386
25,881
205,575
Lex'gtontfe East January ..
167,642 YazoO(feMi88. V. February
47.187
7.314
7.116
49.325
2,658,480 2.600.637 York Southern.. December.
Long IslandBR. December.
• Figures for February are for the railroad only.
6 Covers results of lines directly operated east ot PlttaDarg,
I Mexican currency.
t Includes Chesapeake <fe Ohio So'western, Ohio Valley and Chicago and Texas for both years.
a Includes Paducah & Memphis Division from July 1 in both years.
b Includes the Houston & Texas Central and its subsidiary lines.
• Results en Montgomery Division are included in both years.
(I;liiclndes St. Paol & Dalath from July 1, 1900.
.

.

.

.

I

..
...

March

—

•

Totals for Fiscal Year.
In tlie full page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
These with their dates are
still have their own fiscal years.
brought together in the fol lowing.

^^^

Latest Oross Earnings.

Period.

Roads.

Atlanta & Chirlottrt Air Line. Apr.
Burlington Cedar Rap. & No. Jan.
,Jan.
Central ot New Jersey
June
Chicago & North- Western
Chicago Rock Island & Pac Apr.
Ohlc. St. P. Minn. & Omaha.. IJan.
Choctaw Oklahoma <& Gulf.. Nov.
Jan.
(^umV>erland Valley
Duluth South Sho. & Atlantic Jan,
East St Louis & Carondelet. Jan.
Ft. Worth & Denver City
aila Valley Globe & North'n.
International & Qt. North'n.
Lehigh Valley RR
Lehigh Valley Coal

Jan.
Jan.
Jan.
Deo.
Deo.
Jan.
Manistique
Jan.
Mexican Central
Jan.
Mexican International
Jan.
Mexican National
Jan.
Mexican Railway
Apr.
Mexican Southern
Jan.
Missouri Paciho
Jan.
Central Branch
Jan.
Monterey & Mexican Gulf.... Jan.
Jan.
Northern Central
Jan.
Ohio River
May
Pacific Mail
Jan.
Pennsylvania
Pennsylvania & Northwes'n. Jan.
Jan.
Pere Marquette
Jan.
Philadelphia & Erie
Balllmore.
Wilm'g'u
&
Nov.
Phlla.
Pitts. Bessemer & Lake Erie. Jan.
Pitts. Clncln. Chic. & St. L... ijan.
You'gh'y... Jan,
Pitts. Charters
Dec.
Rio Grande J unction

&

St. L.

Vandalia

South. Missouri

&
&

Terre Haute
Terre Haute

& Terre H....
& Arkansas..

Nov.
Jan.

Indianapolis.. Nov.

Nov.

ir'eoria

Texas & Pacific
West Jersey & Seashore

Jan.
Jan.

1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
I to
1 to
1 to
1 to
1 to
1 to
1

Dec.
Feb.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Feb.
.Jan.

Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Feb.

to Nov.

1 to Feb.

Current

Previous

Tear.

Tear.

311 1,981,082

21
31

709,269

1,406,018
31 29,321,454
31 22,059.244
31
773,396
28 1,558,263
31
80,504
28
318,326
31
13,500
31
191.317
31
29,974
28
751,957
31 4,411,082
31 3,940,464
31
7,880
2H' 2,829,686
30 4,904,145
2H 1,167,226

1 to Fel). 16
1 to Feb- 14
1 to Feb. 28!
1 to Feb. 28
1 to Feb. 28
1 to Dec. 31
1 to Jan. 31
1 to Feb. 28
1 to Dec. 31
1 to Jan. 31
1 to Jan. 31
1 to Feb. 28
1 to Dec. 31
1 to Jan. 3l|
1 to Feb. 28'
1 to Jan. 3i;
1 to Dec. 31j
1 to Dec. 31,
1 to Jan 31
1 to Jan. 31
1 to Jan. 31
1 to Jan. 31
1 to Feb. 28
1 to Jan. 31

eoi,ico
718,027
5,283,940
184,618
5,468,558
1,389,854

1,802,707
616,098
1,303,419
2o,5«4,S51
19,737,125
791,325
967,717
74,430
354,!<46

13.389
128,017
28.990
718,293
4,289,942
3,498,299
8,121
2,866,659
4,159.091
1.185,260
611,200
658,732
4,6.59,959

184,921
4,744 880
1,'65,380

684,436
195,773

6=)7,^36

2.224,281
7,466,171
65,626
1,188,088
5.824,635
2,645,202

2,57,'5,388

234,463
1,656,500
193,917
43,563
477.661
15,186
390,201
139,940
1,936,247
186.110

184,051
6,424,271
67,782
1,073,715
5,348,038
2,774.402

194,684

1,648,H7
187,928
41,119
476,985
10,480
411,162
121,860
1,516,770
179,810

Latest Gross Earnings by Weeks.— In the table which
we sum up separately the earnings for the latest
week. The table covers the fourth week of February and
shows 14-59 per cent increase in the aggregate over the
follows

same week

last year.

4th week of February.

1901.

S
A.labama Gt. Bonthern...

Ann Arbor................
Buflalo Rooh.

& PlttBb'g.

Canadian Paoiflo
Central of Georgia.

Chattanooga Southern.
Chesapeake* Ohio
Chicago & East. IlUnolB.
.
Ouio. Great Western
.

Chio.Indlan'Us

&

Lonisv.

Ohioago Mllw. <fe St. Paul
Chic. Term. Transfer ...
Clev. Cin. Ohio.

Peoria

<fe

St. L..

& Eastern

Clev. Lorain

&

Wheel'g.

Sandusky & Hock'g.
Denver & Rio Grande...
BvansY. A Indianapolis..
ByansY. <& Terre Haate.
Pt. Worth & Rio Grande.
Col.

Hoofclng Valley
Intem'l & Gt. Northern..
Iowa Central
Kanawha* Michigan...

Kan. City Ft. 8. & Mem.
K»n. C. Mem. &, Blrm

Louisville & Nashville ..
Mexican Central.........

Mexican National

Minneapollo & St. Louis.
Minn. St. P. & 8. Ste. M..

Mo.KansHS* Texas

Paoiflo & Iron Mt....
Central Branch
Mob. Jackson <b K. City

Mo.

.

orfolk A Western

Northern Paoiflo.........
Ohio River
Pere Marquette
Plttsb.Bess.

&

L, Erie...

Pittsburg &. Western
Rio Grande Southern
St. Louis A San Fran
Bt. Louis Southwestern.
Sherman Shreve. & So...
Southern RaUwav
St. Louis Division

Texas*

Facitto.

Toledo & Ohio Central...
Toledo Peoria <b West'n.
ToLSt. L. & West.
Wabash....... ....» ......

Wheeling
Clevel'd

<&

Lake

Erie.

>

& So

S

Canton

WlBOonstn Central
Total (55 roads)

Ret Increase (14 59

*

.

THE CHKONICLE.

1901.]

9.

.

v.o.)

48.424
38,509
100,602
542,000
155,869
2,267
233,967
120,965
131,706
67,876
831,902
26.874
355.905
60,833
38,117
24,923
203.900
5,820
28.952
10,932
84,230
92,707
61,783
16,213
132,433
41,824
591.590
338.371
145,797
68,754
77,741
309,474
845,000
35,000
3.312
328.622
604,869
26,551
139.298
25,948
61,424
8.740
203,898
172,665
23,067
703,695
32,937
302,156
40.313
24.465
50,667
322,542

Increase.

1900.

9
4,318
5,802
4,037
52.000
3,044

9
44.106
32,707
96,565
490,000
152,825
2,030
222.198
99,394
122.680
69.157
759,832
21.953
807,345
49,308
37,840
17,535
176,600
6,911
27,492
6,258
81,292
90,352
46,762
13,641
94.131
32,141
652,558
351.360
168,788
48,485
85,891
231,357
637,000
31.000
2,360
246,334
647,459
21,006
129,848
17.446
67,533
10.861
149.387
116,667
11,191
656.470
32,958
240.321
42,548
22,255
33,590
297,849

••»•«•»•

•

,,^,

1,281

4,921

48,560
11,525

277
7,388
27,300
.... ....

.mm,....

2572
.mmm..m.

12,989
.

-.•-..

7,991

20,269
i.i'so

78,117
208,000
4,000

—•—-

952
82.288
57,410
6,54'S

9,450
8,502
8,891

.... ....

2.121

54.511
65,998
11.876
47.225
61,835

..M....

2'i
....«--..

2,235
1

'

2,210
17.067
24,693

4.779
1,824

9.141.187

7,976,646

1,200.420
1,164.641

8d week

same week

last year.

February.

of

1901.

(deviously rep'd(56 r'ds)

& North
& At!..

Surl. Ced. Ran.
Oalnth So. Shore

(ntematlonal & Gt. No..
Kan. City Ft. S. <fe Mem..
(Can. City Mem. <fe Blrm.
Louis vUle Hend. & St. L.
'orthem Paoitto
3anta Fe Pres. & Phoenix.
Texas Central

_

Total (65 roads)
(fet increase

1

10 10

p.

1900.

12,618
538,613
17,553
12,770

$
7,615.958
93,183
49,049
83.349
88,374
30,856
10.907
474,418
19.409
6,695
^

9,360,907

8,502.198

8,395,262
97.938
41.170
85.230
117,924
41,74<»

Increase.

790,500
4,755

jyeereoMe,

41,196

"7,879
1.931

29,550
10,893
1,711

64.225

1,856
6,075

909,640
858.709

c).

50,931

For the month of February 72 roads (all that have furnished statements for the full month as yet) show aggregate
results as follows
:

Month

of February.

1901.

1900.

iTicrease.

gross earnings (72 roads) 37,130,813 34,013,392 3,117,42l!

be seen that there

Per Cent.
9"17

a gain on the roads reporting in
the amount of |3, 117,481 or 9'17 per cent.
It will

is

Net Earnings Montlily to Latest Dates.— The table followand net earnings of Steam railroads

ing shows the gross
reported this week.

Oross Earnings.
Current Previous
Tear.
Tear.

Roads.

v

—

Net Earnings.
Current
Previous
Tear.

Tear.

AIa')ama Gt. So'tb.a Jan.
206,012
182,804
67,145
61,709
July 1 to Jan. 31... 1,303,878 1,284,970
407,349
435,637
Atlantic Coast L.a.Jan.
692,783
2i6,474
644,953
207,097
July 1 to Jan. 31
4,328,799 4,138,163 1,672,561 1,743,446
124,240
Bangor <& Aroost'k . Jan.
87,295
41,459
81,221
July 1 to Jan. 31 ..
830,785
697,033
314,806
275,887
Ohio. Burl. & QuIn.bJan.
3,734,661 3,510,243 1,232,057 1,230,932
July 1 to .Jan. 31. ...30,200,078 29,021,921 11,521,144 11,808,310
Ohio. Gt. West'n. b. Jan.
531.783
522.987
133,085
136,488
July 1 to Jan. 31... 4,136,267 4,016,540 1,302,465 1,388,662
^io.R.I.&Pac.a...Jan. 2,194,490 1,822,536
672.721
574.626
Apr. 1 to Jan. 31... 22,059,244 19,737.125 7,480,942 7,047.474
Ohootaw Okl.A G.b.Jan.
414,380
287,209
168,066
87,017
Nov. 1 to Jan. 31
1,246,263
769,717
562,320
265,343
OlD. N. O. AT. P.a.Jan.
410,733
430,541
100,389
102,824
July 1 to Jan. 31
2,878,285 3,035,815
754,870
903,071
01.0ln.0hic.&8t.L.aJan.
1,350,841 1,301,189
337.824
336,997
July 1 to Jan. 31
10,623,391 9,977,899 3,161,919 3,147,093
Peorla&East'n.a.Jan.
219,616
208,973
98,008
85,492
July 1 to Jan. 31
1.425,311 1,367,040
492,335
445,626
Olev.Lor. & Wheel.a Jan.
143,592
165,212
45,613
40.657
July 1 to Jan 31
1,162,839 1,168,323
321,617
235,858
Oolorado & South.bJan.
376,736
369,388
91,315
83,503
July 1 to Jan- 31
2,843,058 2,586,766
752,788
790,954
Camberland Val.b.Jan.
80,504
74,430
25,090
29,871
Oenv. & Rio G'de.b. Jan.
846,276
832,414
306,783
268,297
July 1 to Jan. 31
6,955,713 6,149,769 2,567,459 2,323,522
)etrolt & Maok'o.aJan.
65.344
68,406
19,691
18.801
July 1 to Jan. 31
476,305
420,026
141,458
120,047
Pt. W.& Den. City. Jan.
191,317
128,017
58,932
28,778
ailaVal.Globe& No. Jan.
29,974
28,990
17.033
19,454
Indiana 111. & la. b. Jan.
110,608
94,542
39,430
31,001
July 1 to Jan. 31
735,256
626,935
265,730
189,396
San. O. Ft.S.A M.aJan.
610,337
464,772
207,803
143,341
July 1 to Jan. 31.... 3,964,962 3,480,337 1,510,314 1,109,041
Can C. Mem. & B.a. Jan.
198,510
156,745
69,740
58,984
July 1 to Jan. 31.... 1,181,650 1,006,657
403,918
332,206
Kan. City South. . a Jan.
333,203
410,308
131,235
34,630
July 1 to Jan. 31.... 2.685,169 2,397,676
646,881
450.092
Jan.
Manistique
7,380
8,121
4,298
3,397
(Hexlcan Central... Jan.
1,460,976 1,533,296
388,506
527,054
Mexican National.. Dec.
643,633 c382,228 c309,992
681,853
Jan. 1 to Deo. 3i.... 7,866,699 7,087,675 c3,763,622 c3,410,402
Nash.Ch.A St.L. b. Jan.
710,076
644,833
252,029 " 234,511
July 1 to Jan. 31
4,564,352 4,235,820 1,587,827 1,492,326
.

.

5.021

38,302
9,680
39,032

iver the

.

i,69i

i,460
4.674
2,938
2,355

For the third week of February our final statement covers
and shows 10 10 per cent increase in the aggregate

65 roads,

. .

•«•

72,070

52,324
95,942

........

9

237
61.769
21,571
9,125

97,766

57,103

Decrease.

477

35,879

New London Northern—

Oct. 1 to Dec. 31....
Jan. 1 to Dec. 31....
Horfoik & West'n.a.Jan.
July 1 to Jan. 31
aioh. Fred. & Pot.. Jan.
July 1 to Jan. 31
Bio Grande 8 outh . b Jan.
July 1 to Jan. 31
Slo Grande West.b. Jan.
July 1 to Jan. 31....
St. Jos. <St Od. Isl.a.Jan.
July 1 to Jan. 31....

252,131
12,693
74,133
963.294
147,306
214,262
1,340,474 1,201,865
552,800
510,422
9,351,457 8,137,760 3,861,047 3.297,126
78,617
87,292
36,053
33.933
567,254
527,518
214,124
230,889
45,238
41,174
22,476
18,892
340,812
317,750
161,909
157,051
348,761
372,358
123,413
150.709
2,398,739 2,633,709
924,043 1,105,915
113,089
98,217
38909
4.001
822,739
854,519
309,809
210,941
San Ant.&Aran.P.bJnn.
224,838
153,643
54,472
13,561
July 1 to Jan. 31
1,700.063 1,444,436
616,646
473,946
Southern Railw'y.a Jan. 2,913,701 2,631,926
862,823
771,283
July 1 to Jan. 31
19,996,461 18,674,751 6,535.580 6.206,764
St. Louis Divis'n.a Jan.
170,436
151,465
16,277
37,633
July 1 to Jan. 31..., 1,203,798 1,147,806
290,645
395,834
ff. Va. C. & Pltte.d. Jan.
86,789
99,473
35,304
86,785
July 1 to Jan. 31
608.733
291,065
203,221
709,138
Yazoo & Miss. Val. a. Jan.
5C0,652
260,173
234,935
646,101
July 1 to Jan. 31..., 3,832,823 3,483,102 1,612,361 1,549,712
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
o Deduoting other expenditures (or repairs, replacements and general
expenses, net income applicable to interest on bonds in December
was f 149,472, against $98,383 last year, and from Jan. 1 to Deo.
31 $1,510,794, agaln8t$l,616,0l3. ThlslBthereeultinMeiloaD dollars
Created (according to the company's method of keeping Its aooounts)
as equivalent to 80 cents in United States money— that is, depreoiatlon
bevond 20 ner cent has already been allowed for.
d These figures are for Railway Department only.

213,265
911,424

-

1

THE CHRONICLE.

478

Interest Charges and Surplus.—The following roads, Id
addition to their gross and net earnings given in the fore
going, also report charges for interest, &c., with the surpluf
above or deficit below those charges.
Int., rentals, etc.
^Bal. of NetSam't.-

—

,

>

Ourrent

Previout

Current

Tear.

Tear.

Tear.
$

Previous
Tear.
9
415.114
6.037,582
248,999
3,791,197
44,182
157,526
101,931
1,474,181
51,742
194,275
18,157

S
82 -,000
407,057
815,818
5,775,000 5,710,728 5,746,144
July 1 to J.an. 31..
349,721
323,000
325.627
Ohio. R. Isl. & Pao Jan.
3,140,(00 3,256,277 4,3'l0,942
Apr. 1 to Jan. 31
125,270
Oiilf.Jan.
42,796
42,835
Oboo. Okla.
433,814
128,506
107,817
Nov. 1 to Jan. 3
100,194
237,630
285,066
01ev.Cln.Ch.*8t. L.Jan.
July 1 to Jan. 31 .. 1,706.108 1,672,912 1,455,811
64,258
33.750
33,750
Peoria & Eastern. Jan.
256,085
251,250
236.250
July 1 to Jan. 31
17,497
22,500
28,116
Clev.Loi'n & Wheel. Jan.
128,353
124,801
196,816
157,500
July 1 to Jan. 31
;i40.S15
197,688
196,897
Oen. A R. Gran oe... Jan.
J186,0:37
July 1 to Jan. 31.-.. 1,420,215 1.400,900 ;i,258,838 {1,037.863
14.392
17,285
22,145
16,609
Ind. 111. & Iowa.... Jan.
27,275
76,982
121,066
130,826
Kan. C. Ft. 8. A M .. Jan.
269,262
624,265
886,049
833,779
July 1 to Jan. 31
42,490
54,964
16,494
13.776
Kan C. Mem A B..Jan.
226,240
298,794
105,966
105,124
July 1 to Jan. dl
72.f21
100,570
161,990
Waehv. Chat A 8i.L Jan.
151,459
403.870
471,254
July 1 to Jan. 31
1,116.569 1,088,456
New Lor don Nirihern—
M9.315
59,005 *df.46,303
63,500
Oct 1 to Dec. 31
320,156
367,054
190,266
Norfolk & West
Jan.
185,746
July 1 to Jan. 31.... 1,301,303 1,333,514 2.559,739 l,96i,t)ll
1,109
4,793
17,783
Rio Grande Roiirn. Jan.
17,683
31,585
86,451
125,466
125,458
July 1 to Jan. 31
30,159 def.4,749
8,750
8.750
St. Jos. & Gr. Isl'd. Jan.
149,691
248,559
61,250
July 1 to Jan. 31....
61,250
15,059
23,512
11.792
21,666
W. Va. Cen. & Pitts Jan.
56,555
184,142
151,666
106,923
July 1 to Jan. 31....

Roads.

Ohio. Bnrl. A Qnlno} Jan.

.

—

cSi

—
—

After allowing for other Income received.
These tigures Include other Income. After deducting $10,000 for
Renewal Fund and Bond Conversion In January, 1901. and
fl5,000 in January, 1900, the surplus for the month is $176,097,
against $125.8 5 a year ago; from July 1 to January 31, 1901, the
deduction for this purpose was *90,000, against $105,000 in 190P.
leaving surplus for this year $1,168,838, against $932,863 a year ago.
*
t

1

Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings received
this week.
.

Gross Barntngs.
Current Previout

.

Net£am%ngt.

.

Current

Previout

Tear.

Tear,

Tear.

Tear.

Roads.

Sacramento Electric fas
& Railway Co ... Jan.
Feb. 1 to Jan. 3i

32.105
376,969

16,771
203,571

28,761
333,820

14,537
174,894

Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &c., with the
surplus or deficit above or below those charges.
.

Int., rentals, etc.

Current
Tear,

Roads.

--Bal.oftfet Barn's.
Current
Previous
Tear.
Tear.

.

Previous
Tear.
$

$

Co.... Jan.
Feb. 1 to Jan. 31....

TRAFFIC OF LINES EAST OF PITTSBUHQ AND ERIE.
1900.
1899.
1898.
Miles op.,lno.D&R Can.
3.733
2,847
2,821
Passengers carried.
41,922,569
38,029,922
35,962,.566
Pass, carried 1 mile
918.198,t02
823,304 623 745,962,679
Rate per pass per mile..
1-980 cts.
1-945 cts.
1932 cts.
Ton.scarried
100,'00,037
109,471,266
84,>-01,805
Tons carried 1 mile
11,942.657.794 10,895,512,708 9,233,924,358
Rate per ton per mile....
0-473 cts.
0-499 cts.
0-540 cts.

EARNINGS AND EXPENSES ON LINES EAST OF PITTSBURG AND ERIE.

Earnings—

9,005
110.117

7,875
96,386

5,532
64,777

88,539,828

72,922,985

65,603,738

structures.. 11,291,550

Transportation
31,346,712
General
1,633,142
Delaware <S Raritan Canal...
331,805

9,129,356
10,941,455
28,465,705
1,461,617
343,501

8,037,368
8,843,175
25,917,344
1,414,408

Total expenses
58,099,206
Net earnings
30,440,622
Percent op. exp. to earnings.
65-62

50,344,634
22,678.351
69-04

44,510,016
21,093,722
67-85

Maintenance of equipment.... 13,495.997

index to reports publ'shed 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.

Receipts—

The

text of President A. J, Cassatt's report will be found
on pages 489 to 493. Remarks upon the report will also be
found In the editorial columns.
Below are the income accounts of all transportation companies east and west of Pittsburg and Erie owned, operated
or controlled by or affiliated in interest with the Pennsylvania system, excluding the Terre Haute
Ind. and Terre
Haute
Peoria, in receivers' hands.

&

Net earnlcgs
Gross income
Int., rentals, divs. extr'y, etc.

Surplus

18S9.

1898.

$

$

172,924,739
118,849,182

162,220,106
106.547,450

$
136,130,272
94,670,857

54,075,557
10,267,384

45,672,656
8,797,407

41,459,415
7,835,834

64,442,941
62,320,416

54,470,063
50,872,594

49,295, 24^)
4fc,018,669

2,122,525

4,097,469

3,276,580

TRAPFIC ON ALL LINES BOTH EAST AND WEST OF PITTSBURG AND ERIE.
iSOO.

1899.

189S.

Passengers carried
82,487,204
76,463,548
71,814.642
Pass, carried mile
1,957,312,990 1,800,840,574 1,642,715,043
Freight (tons) carried..
215,999,758
209,9sO,116
175,.^65,406
Fre'ht (tons) car.l mile.20,184,541,022 19.614,650,167 16,329,379,632
Below are given the results on the lines east of Pittsburg
and Erie, comprising the "Pennsylvania Railroad Division,"
the "United Railroads of New Jersey Div." (including the
Del,
Rar. Canal) and the "Philadelphia
Erie Div."
1

&

1899.

$

$

nal securities
Interest for use of equipment.

22,578,351
4,739,506

245.188
390,732

1898.

$
21,093,722
4,636,057

73,928

253,884
384,034
87,539
64,320

36,931,766

28,107,635

26,560,367

12,224,520
4,267,539
..
172,503
Int.onmorts.audgroundrents.
149,367
Interest on car trusts
939,901
Interest, general account
566,779
Equip trustloan sinking fund.
136,400
Slate taxes
1,121,724
Miscellaneous
75,503

10,314,118
4,265,505

4,263,459

131,553
640,387

133,604
437,828

136,400
981,^37
144,227

136,400
902,162
142,413

19,654,236
17,277,530

16,613,833
11,493,802

15,341,299
11,219,068

103,341
402,690
6,540,785

91,438
354,48(J

1,995,559

92,0C0
354,780
1,664,197

2,441,477

2,110,977

Interest, general

account

Miscellaneous
Total

225,631
34 0,333

105,666
158,968

Deduct—
Rentals

Interest on funded debt
Interest on stock allotment.

9,32.^,433

.

Total

Balance

From this balance deduct—
Payment to trust funds
Con. mort. sink, fund account..
Extraordinary expenses

7,046,816
Balance to credit of income
after deducting all payments 10,230,714
Dividends
(6%) 8,781,171
Transferred to "Extraordinary
Expenditure Fund"
1,449,544

and

(5)

9,103,090
6,465,236
1,800.000

7,965,266
1,087,059
22,445,997

8,265,236
842.854
22,82d,957

22,380.734
104,571

23,533,056

23,666,811

1,152.322

1,220,813

loss Dec. 31. 22,485.305

22,380,734

22,445.998

10,230,715
profit

9,052,325
6,465,266
1,500,000

Bal to credit of profit and'loss

Add

(5)

loss Jan

22.380,734

1."

Profit

from securities

Amounts charged
and

(net)

off.

&

1899.

1898.

$

%
124,119,564
36,363,751
83,998,675

%

Construction, equipment, &c.. 126,915,-551
Cost of bonds owneo
35,692,031
Cost of stochs owned
129,273,378

Trustor Oct.

Penn.RR

9,

1878

con. mort. sink,

fund

Insurance fund
Mortgages and ground rents..
Materials on hand
to other comp's. for
constr'tn and other purposes.
Bills receivable

31.

IJOO.

4.933,306
6,240,330
10,000
133,310
3,283,462
4,741,864

122,371.309
35,993,494
81,24 =-,392
4,841,868
4,749,S67
4,867,640
4,542,160
10,000
10,000
36,500
32,500
3,283,462
3,283,462
3,747,906
2,220,423

Advances

(Report for the year ending Dec. 31, 1900.)

Other income

1900.

Net earnings, as above
30,440,621
Int. on Pa. RR. Investments...
5,781,297
lut. on United N. J. KR. & Ca-

Securities of U. N. J. Go's

Pennsylranla Railroad.

Expenses

297,720

GENERAL INCOME ACCOUNT.

GENERAL BALANCE SHEET DECEMBER

—The

Gross earnings

45.939,773
15,310,860
1,526,013
1,454,805
516.823
596,322
259,142

way and

Malnt. of

Assets

1900.

$

51,395,733
16,926,991
1,658,745
1,478,805
542,233
610,410
285,068

1898.

Total earnings
Expenses —

ANNUAL REPORTS.

&

$

64,390,453
Paseenger
19,129,636
Express
1,817,359
Malls
1,537,355
Mlecellaneous
592,173
Rents
775,951
Delaware & Barltan Canal....
296,871

Bal. to profit

Index.

1899.

$

Freight

Total

8,896
107,185

1900.

$

Sacramento Electric Gas

ARailway

[Vol, LXIII.

3,959,888
446,976
15,659,087
3,029,715

3,702,09?
350,983
14,814,074
4,620,458

4,697,898
376,845
18,036,471
2,052,854

333,318,928

284,756,979

279,612,673

151,502,250
83,S66,840
Collateral investment obllg's. 2O,65u,000
Mortgages and ground rents.. 5,066,696
H. P. Mt. J. &Lan. stock guar. 1,182,550
do
bonds guar...
700,000
Do
Net traflio bal'8 due oth, roads 3,058, b93
Paymeutsfor leased equip ...
885,500
7,921,192
Pay rolls and vouchers
unpaid
and
interest
81,926
Dividends
Sundry accts. due other roads. 12,239,230
13ci,914
Due employes' saving fund
" relief fund
408,186
" insurance fund
57,799
Secur. of Un. N J. Go's trans3.283,462
ferred with the lease

129,505,600
83,596,839

129,305,0C0
83,625,840

4,618,071
1,182,550

4,278,071
1,182,550

Cash*
Miscellaneous assets
Total
LiabilitiesCarnal stock

Funded debt

7< 0,0'

2,121,600
805,000

7CO.O00
438,236
724,-500

09,079
12,674,211
le0,2.6
435.755
102,917

5,817,733
71,915
10,922,191
42,401
424,228
48,568

3,283,462

3,283,462

5.036,646
3,000,0C0
459,025
Trusteeofconsol. mortgage...
7,101,310
Con. mort. bonds, sink. fund..
1.636,684
int-accruedonPa.RR. bonds.
2,861,472
Miscellaneous
22,485,304
Balance to profit and loss

4,933,305
1,500,000
4.' 0,586
6,698,620
1,636,884
1,445,574
22,380,734

4,841,868
1,8CO,000
200,115
6,344,140
1,637,077
1,478,781
22,445,997

333,318,. 23

284,756,979

279,612,673

6,6.''6,066

Fund

for ourch. of seen. guar.
(trustof Oct. 9, 1878)
Ext raordin'y expenditure f'nd

Total

'Includes cash to pay coupons, cash in hands of Treasurer and with
Superintendent and agents.— V. 72, p. 439, 892.

J

~

Majrch

9

;

THE CHRONICLE.

9, 1901.)

Western Maryland Railroad.
CStatement for year ending Sept,
EARNINGS AND EXPENSES.
Earnings-

kH
Freight...

30, 1900.)

189'--99.

1899-00.
$1,308,187

$1,101,494

'I'f-'l

'i»

:•:•-•.

19,182

35,546

$1,823,741

$1,608,347

MlBceflaueoue
Total gross earnings

Expenses—
Conducting transportation
Car and train service
TraokagepaldB. &P. andN.C.
eqnlpment
Malnt. of way and structures..
General expenses
Betterments
of

Jiic.

13.G20

inc.

4"6

Inc.
Inc.
Dec.

2.337
8,621
16.364

Inc. $215,393

$474,964
84,783

Inc.

$12,254

Dee.

4,616

81,266
150,842
201,709
104,070
4,915

72,412
133,945
178,947
93,404
3,023

Inc.
Inc.

8,854
16,897
22,762
10,666
1,892

Total operating expenses
$1,110,187 $1,041,478
and trackage
$566,869
Net earnings from operation .. $713,553
4,550
43,025
Less taxes
:-

$532.319

$B70,529

Net earns, after charging taxes.

Inc. or Dee.
Inc. $206,e93

^ „„ „, „
$487,218
80,167
.

roads

Maintenance

Inc.
Inc.
Inc.

Ir,c.

$68,709
$146,684

Inc.

8,474

Inc.

$138,210

Inc.

p. c.

64-75 p.

0.

Dee. 3's7 p.

The

Net earnings
Dividend on preferred stock (7%)
Additions and depreciation account
Charged oir.

Net earnings over taxes
Dividends on B. & H. Ry. stock owned

$670,528
32,958

Total net Income
Fixed charges and interest

$703,486
433,037

$565,277
449,145

Surplus
Dividends on B.

$270,849
36,000

$116,132
36,0C0

$234,349

$80,132

H. Ry. stock

Surplus to credit of profit and loss

—V.

1

and
stock

Balance to profit

The common

loss
is

Asstis—

$

Merch., manufac.
& unm'n'faciur'rt

0% months

(Report for the

ended Dec.

Cash
Cash at North. Tr.

The report presented at the annual meeting on Wednesday,
it is stated, shows: Net earnings, after deducting all charges
and expenses for management and organiz ition of the businees, $531,668; dividend 3 p. c. on the preferred stock paid
Jan. 1, 1901,1360,000: net surplus, $171,668.
Treasurer George D. Woodeide is quoted as saying:
The statement does not justly represent the average business for
this period of time. The company was organized on March 13, 1900,
but we were un.ible to approach a normal business antil September,
as there was In dealers' hands a stock in excess of what would be
normal, of at least 2,000,000 pounds, sold by the predecestor com-

1,456

1,414

1901.

4tb dividend on
preferred stock,
payable Feb. 16,

Accounts payable.
Profit and loss acct.

78,750
Sf/ZXAO

19C0.

S

iKil

Bills&acctsrecelv.
Totals

1.

Pref. capital stock. 4, .500.000
Com. capital >tock. 5,500,000

3«8,600
2ia,ai4

128,450

Co., Chic, for 4th
div. on pf. stock.

to balance

K08,610

Totals

10,222,- 50 10,190.424

t
4,.5%,000
5,'.00,t00

78,750
65,612

78,760
75,729

78,3€8

36,945

10,222,76010,190,424

72, p. 440.

Central Union Telephone Company.
('Report for the year ending Dec 31, 1900. J

Earnings.— ThQ earnings for four years were:
1900.

1899.

<S

(C

1898.

1897.

^
1,670,899

1,439001

1,690,753

1,364,086

1,151,202

817,614

308,559

306,813

287,799

1,265,779
310,025

1,403,256
690,541

504,390
361,617

327,C86
475,106

1,575,801 2,093,797
191
193
68,997
59,'5l0
2,ngo
2,324
Miles of wire in toll Hues..
.'^3,J38
43,935
Miles of poles in toll lines.
11,422
11,168

866,007
175
45,305

802,192
153
36,c3l

1,573
32,472
9,034

24,440
8,138

Gross earnings

2,307,743
Expenses for admlnlstralion, operating, maintenance and Interest
1,990,129

Netrevenue
Added to oonstr'n

1,999,313

Totals

Number of exchanges
Number of subscribers
Number of toll stations...

—

Tbe amount

q^
'

acct.:

Fortollllnes
31, 1900,

$451,687
315 000
99,3^8

LiaUUtU»—

.

9,300,000

369,21 i

At exchanges

American SnniT Company.

1899-0.

$508,739
316,000
150,000

t

$

iteai BHtate. plants,
machinery, etc... 9,283,826

:

$42,283
$35,945
preferred, |4,500,C00.

$5,500,000;

1900.

3iJ.957

72, p. 340, 138.

account

as follows

1900-1.

BALANCE SHEET OF FEB.
1901.

c.

1898 99.
$532,3

two years past compare

results for

INCOME ACCOUNT.
1899-00.

479

arc lamp<". Thf-se lamps have Iteen superseded to quite an extent by
the Inclosed arc lamp, requiring carbons of much longer life and ot
different composition. Prevloi.s to two years agoall the carbons ueed
In the United States In euclosei-aro lamps were imported frem Germany. Our company, after years of patient experimentation, has
succeeded in manufacturing a carbon for inclosed arcs, and its trade
in this line shows a very gratlfyinggaln.

-V.

Ratio of expenses and trackage
to earnings, excluding taxes. 60"88

&

JJ

1

1,166

of capital stock outstarding Dec. 31. 1900,

was

bonds outstanding, $6,000 000. No dividends, it is
understood, have been paid since 1896, when 1 per cent was
distiibuted.—V. 72, p. 139,
$6,162,130;

Union Switch & Signal

Co.

panies.

BALANCE SHEET OF DECEMBER
Real estate, eto
Supplies, etc
Stock In other 008

$13,300,656
1,277,435
7,564,900
669,100
Cash
Accounts receivable..
846,659

(Report for year ending Dec.

31, 1900.

Liabilities

—

Preferred stock
$12,000,000
stock
11,001,700
D.^. ou pref. .Jan. 1...
o60,000
Reserved for adv., eto.
79,122
Accounts payable
46,259
Surplus
171,669

The annual report shows

Common

Gross receipts
Surplus over interest
Dividends, 6 p. o. on pref.
Surplus for year

Total
$23,658,750
$23,658,7fO
have
Hill
and
Otis
Smith
been elected directors to
Percy
succeed William C. Ivey atd William Q. Moore, resigned
Martin J. Condon has become Vice- Presidtnt.—V. 71, p, 1108.

Total

American Sugar Refining Company.
(Balance Sheet Dec.
its

31, 19C0,J

filed with the
balance sheet of Dec. 31 as below:

1900.
Assets—
Real estate, eto

1899.

$

$

1898.

Debts
Reserve

73,936.000 73,936,000 73,936,000 73,936.000
27,443,372 21,152,3.i3 32,987,200 31,150,525
8,792,207
7,395,214 11,227,677 11,024,890

Total

110,171,579 102,483,537 118,150,877 116,111,416
of the above statement are the increase of $4,630,491 during 1900 in the item of *' investments
in other companies " and on the other side of the account an
increase in "debts" of more than six millions. In connection witb these changes is recalled the fact that when the

The interesting features

National Sugar Rtfining Co. was organized during theyear
with $20,000,000 of authorized capital stock and consolidated
the Doscher, MoUenhauer and New York sugar refining
companies, it was currently reported that the American
Sugar Refining Co. was to be interested in the consolidated
corporation, although the control, it was stated, would be
vested in the owners of the constituent concerns. V. 72,

—

p. 89.

Assets—

]

31, 1901. J

President Parmelee says
The company's business during the past year has shown a steady
and gratifying Increase in the aggregate, this Increase pertaining to
all branches of the business except that of molded carbons for open:

23,841

$67,833

$27,106

31, 1900.

Liabilities—

$62,855 Preferred stock
$497,600
Bills and 'accts. reoelv..
451.203 Common stock
997,950
Materials In stock
351,376 Bonds
568.000
Real estate and bldgs..
486,302 Int. accrued on bonds..
1,508
Mach'y, tools & flxi's..
200,000 Bills and accts. payable
136.937
Patents
1,0C0,000 Surplus
339,741
Total assets

Total liabilities

$2,541,736

—V. 72, p. 444.

Warwick Iron &

Steel

President Edgar

The earnings

of the

$2,541 '736

Company.

(Report for the year ending Dec.

31, 1900.

Cook, says in part:
company for the year ending Deo.
S.

31, 1900, are
as follows: Plginetalacoount.net credit, $152,550; less depreciation
of raw material on hand and due on contracts, $11,814; balance, net
earnings, $140,736. The average price of iron shipped In the tlrst six
months of the year was $19 47. In the s^eoond six months tlie average fell to $16 03. The product for l&OO was 53,786 tons, showing
a falling off as compared with 1898 and 18S9. consequent upon tbe
Increased wear of the brick lining of the furnace and the fact that a
larger percentage of foundry iron was made than in any previous
year or the i>resent blast. A larger dally product is possible with mill
Iron than with foundry Iron.

BALANCE SHEET OF DEC.

31, 1900:

A sselsReal estate, Including furnace plant, etc
Fire brick lining on hana for repairs
Iron making materials, ores, ic
Plgiion on hand, iSOifl tons Inventory.
Bills receivable, notes

Cash

in

$772,775
5.130
146,190
4.014
19,667
244.060
4.450
2,262
29^.669
91,139

bank

Pottstown Iron Co. 1st and 2d preferred stock

Glasgow Iron Co capital stock
Payments on new furnace (No. 2)
Book accounts receivable
,

Total

National Carbon Company.

(Report for the year ended Jan,

$116,769

1897.

$424,190
50.947

Cash

1897.

...110,171,579 102,483,537 118,150,877 116,111,416

Liabilillea—
Capital

$310,187

BALANCE SHEET DEC.

$

$
36,891,221 36,412.652 37,285,545 37,691.871
Cash and debts reo.. 15,737,388 15,30H,596 27,563,905 25,382,503
Sui?ar,raw& refined 22,488,799 20,340,009 22,243,224 22,-ih9,384
Investm'ts In other
companies
35,054,171 30,423,680 31,058.142 30,347,656
Total

as follows:
1899.
1898.
$979,320 $656,334
389,913
146,625
9^,189
79,726
29,856
25,S56

19f0.
$1,690,319

j

The company, following its usual custom, has
State of Maesachusetts

31, 1900.

Liabililies

$1,569,355

—

Capital stock Issued, full paid
Prttlt and loss account, surplus
Rellning account for repairs to So. 1 furnace

f 1,384,710
151,999
9,689
43,068

Book accounts payable

$1,589,385

Total

The authorized

capital stock

Is

$1. 500.000.- V. 72, p. 195.

——

—

—

THE CHRONICLE.

480

GENERAL INVESTMENT NEWS.

[Vol. LXXII.

this company the Kelsey suit brought
summation of its purchase arranged

BAILBOADS. INCLUDING 8TBEET BOADS.
Alabama New Orleans Texas & Pacific Junction Rys.—

—

Report. The receipts for the year ended Dec. 31, 1900, aggregated £93,520, contrasting with £103,349 in 1899, when £27,176 was received from the Vioksburg Shreveport & Pacific.
The income from investments in 1900 was as follows: New
Orleans & North Eastern RR., £74,839; Alabama & Vicksburg Ry., £13,938; Levee Steam Cotton Press Property, £3,090;
interest on deposit accounts and sundry investments yielded
£3,653. After providing for general expenses, a balance of
£99,775 remains to be carried to the credit of net revenue, to
which miist be added £853 brought forward from the year
Interest for the year on the
1899, making together £90,638.
"A" debentures and income tax amounted to £ 39, 95S, leaving £50,670, out of which the full interest for the year (£5 per
cent) has been paid on the "B" (income) debentures, leaving
£S71 to be carried forward. Nothing has been received during the past year on this company's investment in the Vicksburg Shreveport & Pacific, in consequence of that road being
in the hands of a receiver. "The directors consider that the
position and prospects of the company were never more satisfactory or hopeful than at the pressnt time, The physical
condition of each of the roads shows marked improvement,
and the traffic continues to develop in a steady and satisfac
tory manner."— V. 72, p. 183.

to prevent the conin May 1900. of a

majority of the stock of the "Winchester Avenue RR. As
the result the Fair Haven
Westville RR. Co, has control of
all the New Haven City street railway and suburban lines,
and has put in operation an extensive system of transfers.V. 71, p. 1311.

&

Great Northern Uj.— Rights.— The shareholders, it is
generally believed, will shortly be parmitted to subsaribe to
a new issue of stock, possibly in connection with Crow's Nest
coal extension and properties. As is well known, the company has been arranging to substitute the superior coal of
the Crow's Nest district for the American coal heretofore in
use on the western nart of the system. See V. 72, p. 184.—
V. 73, p. 338.

Hot Springs UR,— Purchased.— Col. Joseph Dickson of St.
Louis has purchased the Hot Springs RR, extending from
Hot Sorings to Malvern, 22 miles. The purchase is thought
by some to have been made in the interests of the Missouri
Pacific Ry. Co. The capital stock is $700,000 first mortgage 58, due July 1, 1943, ,$465,000.—V. 72, p. 391, 339,
;

Houston & Texas Central RR.—Purchase Authorized.—
The Texas State Senate recently passed a bill authorizing
this company to purchase the Austin & Northwestern, Central Texas & Northwestern and other small roads which it
now controls. The bill provides for an extension of the

Austin & Northwestern from Burnett to Lampasas, 59
Alberta Railway Co. Proposed ,S'aZe.— Application has miles, within the next two years.—V. 72,
p. 282.
been made to the Dominion Parliament for permission to sell
Kingston & Pembroke Rj.—First Dividend.— The comthis line— extending from Lethbridge, Can., to the International boundary line at Coutts, 65 miles, to the Calgary & pany, it is stated, has declared its first dividend, viz., 1 per
Edmonton or to the Canadian Pacific, which controls the cent for the half-year eniing Djc. 31 la^t upon the first preC. & E. The road connects at Coutts with the Great Falls & ferred stock issued in the reorganization of 1898,— V. 72.
Canada Ry., owned by the same interests, the two together p. 338.
extending from Great Falls to Lethbridge, about 200 miles.
Lalie Shore Electric Rj,— Consolidation— .$4,000,000 Bonds.
Algoma Central Ry. Co. Status. This road, now under —At Cleveland on March 2 preliminary agreements were
construction, will have a total length of about 235 miles, signed by E. W. Moore, representing the Everett-Moore
running north from Sault Ste. Marie, Ontario, to a connec- syndicate, which controls the Cleveland & Lorain Electric
tion with the Canadian Pacific Ry., at or near Dalton, Ont.; RR. and the Sandusky & Interurban, and J, Horace Hardalso a branchlrom Michipicoten Harbor, on Lake Superior, ing, representing Charles D, Barney & Co., who control the
to a junction with the main line, this branch being about People's Electric Ry. of Sandusky and the Sandusky Milan
40 miles long, which mileage is included in the 225 miles & Nor walk Electric Ry., by which all these roads will be
above referred to. Forty miles are already in operation and consolidated into one corporation, to be known as the Lake
the balance of line will probably be completed this year. Shore Electric Ry. The authorized capitalization is expected
The capital stock, $10,000,000, is all owned by the Ontario to be $4 000,000 bonds and the same amount of stock, of
Lake Superior Co. (.See V. 70, p. 1252.) It is not the inten- which §1,500,030 preferred. Mr. Harding says:
As a result of tMs combination, one corporation will operate the
tion to issue any bonds for the construction of the road.
President, F. H. Clergue, Sault Ste. Marie, roads from Cleveland to Sandusky, all the roads in Sandusky, and the
The officers are

—

:

Ont.; Vice-President, E. V. Douglas; Treasurer, F. S. Lewis,
and Secretary, W. P. Douglas, all of Philadelphia.—V. 70,
p. 1248.

Atlantic-Pacific Railway Tunnel Co. Sold.—At the auction sale this week to satisfy a judgment for over $700,000,
the property was bid in by James E. Ratchford, of Syracuse,
N. Y., for $4,100. The company was organized by M. M.
Pomeroy to build a tunnel five miles long through the Continental Divide, near Georgetown, Col., opening up mineral
veins. Eastern capitalists are said to be preparing to com
plete the tunnel, of which 5,300 feet is reported to have been
constructed.
•

Baltimore & Ohio

RR.— On

Unlisted.—The engraved sub-

scription certificates for 4 per cent 10 year gold convertible
debenture bonds [issued under the terms of letter dated Feb.
8, 1901], first instalment paid, have been admitted to the Unlisted Department of the New York Stock Exchange.
Acquisition. This company has acquired control of the
Wheeling Ry. through the purchase of a
Cleveland Lorain
majority of its capital stock. By this acquisition the Baltimore
Ohio secures a short outlet to Lake Erie at Lorain
and at Cleveland. The railroad has a total length of 192 miles
As to report that the preferred stock would be refunded into
43^ per cents. Chairman Salomon says the matter has not
been discussed.

—

&

&

Stock.—See Pennsylvania RR. below.— V. 72, p. 437, 337.
Chesapeake & Ohio Ry.—Stock.—Sse Pennylvania RR.

below.— V.

73, p. 136,

Orleans & Texas Pacific UR.—New
Proposition. President Spencer has submitted to the City of
Cincinnati a second proposition for a renewal of the lease of
the Cincinnati Southern. He offers to lease the road for
sixty-five years from Oct. 1, 1900, and to pay an annual
Cincinnati

—

New

rental of $1,050,000, and in addition 4 per cent (equal to the
interest and sinking fund) on $2,500,000 of city bonds which
are to be issued for terminals, at the rate of $500,000 yearly,
beginning not later than Jan., 1902.—V. 72, p. 183.

Cleveland Lorain & Wheeling Uj.-Sale of ControlSee Baltimore & Ohio RR, above.— V. 71, p. 644,
Concord & Montreal B,R.—Merger of Subsidiary Lines.

—

The company is applying

for permission to

following proprietary corporations
Oompany.
Profile & Franoonla Notot BR

merge in

itself

the

:

Miles.

13ia

LakeShoreRR

26

Tllton & Belmont RR
Suncoofe Valley Extension
—V. 71, p. 751.

4
4^2

Slock.

$234,600
329,800
47,200
77,000

Fair Haven & Westrille RR. of New Uatqu,- Favorable
Decision Gives Control of all City Lines. The New Jersey
Court of Errors and Appeals on March 4 decided in favor o

—

line to Nor walk. The Sandusky interurban line will be pushed to immediate completion, and the Peeple's Electric Ry. and the Sandusky
Milan & Norwalk will be rebuilt to the high standard of the interurban
line. Traffic arrangements will be made to bring the Toledo Fremont
& Norwalk road into Sandusky, and probably the Cleveland Elyria &
Western will also be given an entrance into Sandusky over these lines.
The financing of the new company has all been arranged, and the
capital stock will probably amoant to $4,000,000 and the bonded debt
to $4,000,000, secured by a mortgage on the entire properties. The
completion of this deal will give the Everett and Moore syndicate a
through electric railwav connection between their properties in Cleveland and their recently acquired properties in Detroit. Charles D.
Barney & Co. have not sold out their interests with the Cleveland

parties

and

will

become more largely interestedin the entire property.

The Everett-Moore syndicate besides controlling the Detroit
lines and the Cleveland Electric Ry., which are thus to be

&

connected, also controls the Cleveland Painesville
Eastern
Ry., which now extends to Painesville, and which is being
built to Fairport, and the Northern Ohio Traction Co. which
operates between Cleveland, Bedford, Akron, etc.
,

A

Lehigh Valley RR,—Acquisition.—
press dispatch says
the William A. colliery, at Daryea, producing over 300,000
tons annually, has been purchased by the Lehigh Valley Coal
Co. The purchase price is supposed to be between $1,009,000
and $2,000,000. This is one of the properties reported to have
been purchased in Jan. last by the Ddlaware
Hudson Co.
(see V. 72, p. 44).— V. 72, p. 391.

&

Long Island RR. Plans of Pennslyvania RR. Co. — See
company on pages 489 to 492 also item below.

report of that

;

—V. 72, p. 338.

Missouri Kansas & Texas Rj.— Acquisition.—The Missouri
Midland RR., extending from Columbia to McBaine, 9 miles,
and bonded for $142,000, has been purchased, it is stated, by
or in the interest of the M. K. & T.—V. 72, p. 339,
Missonri Midland Ry.—See Missouri Kansas & Texas Ry.
above.— V. 68, p. 824.
Nashville & Knoxville RR.— Lease. See Tennessee Central Ry. below.
Newport News & Old Point Ry. & Electric Qa.-New
Mortgage. At the annual meeting on March 3 the stockholders authorized a mortgage for $4,000,000, to be used for
retiring the first mortgage bonds and for extensions, addiThe new bonds are to be 5 per cent 40 year gold
tions, etc.
bonds, Maryland Trust Co., trustee, interest payable at office
of Alexander Brown & Sons in Baltimore.
Reports have been current that the plan is to absorb the
Norfolk & Atlantic Terminal Co., which operates between
Old Point, Sewall's Point and Norfolk, its steamer Norfolkon-the Roads being used between Old Point and Sewall's
Point and passengers being transported from the latter place
to Norfolk by trolley.—V. 70, p. 946.
Norfolk & Western Ry.— Stock. See Pennsylvania RR,
below.—V. 72, p. 433, 184,

—

—

—

March

— ——

•^

J

—

THE CHRONICLE.

9, 1901.

Northern Paciflc Ry.— Beginning about April 1 the company, it is understood, will operate the Seattle & International Ry. [176 miles] as part of its main system, instead
of independently as heretofore.— V. 72, p. 339, 242.

Norwich Street Railway Co.— New Bonds.— The company
has sold the balance [$50,000] of its $350,000 first mortgage os
of 1923 to Vermilye & Co. on account of the Baltic extension
recently completed.

461

the annual distribution was 3 per cent and in 1899 2 per cent,
payable in semi-annual instalments. An annual dividend of
4 per cent on the preferred stock would call for |3,400,000,
which amount it will be observed was earned in the first six
months of the fiscal year 1900-01.— V. 72, p. 439, 284.

Tennessee Central RR.

— Leased.— The

company,

&

it

is

Knoxville RR.
stated, has arranged to lease the Nashville
for ninety-nine years from the completion of the 30 miles of
road between Nashville and Lebanon; also to sell Tennessee
Central first mortgage bonds, at $25,000 per mile, on 61 miles
of road from Monterey to a connection with the Cincinnati

Old Dominion Ry.— ConsoZidafion.— President Horace G.
Williams of 119 South Fourth St., Philadelphia, announces
that by articles of merger filed in the office of the Board of Southern and Southern railways. The Nashville & KnoxPublic Works of Virginia, and effective Feb. 28, the Ports- ville extends from Lebanon to Monterey, Tenn,, 79 miles,
mouth St. Ry. Co., the River Front RR. Co., the Norfolk with branch, Junction to Carthage, Tenn., 7'8 miles.—V. 71,
County Ry. Co. and the Virginia Equipment Co. are consoli- p. 964.
dated and merged into one corporation under the name Old
Terre Haute & Peoria RR. Decision for Bondholders.—
Dominion Ry. Co. The officers and directors of the Ports- The United States Circuit Court of Appeals for the Seventh
mouth St. Ry. Co. are, by the terms of the consolidation, Circuit has denied the motion for a rehearing of the case
the officers and directors of the Old Dominion Ry. Co. M. decided by it last May, affirming the order of Circuit
Court
H. Leonard is Treasurer, 119 South Fourth St., Philadelphia. Judge Wocds and directing the receiver of the Terre Haute &
Pennsylvauia RR.— Stock AcquisUiona. The company's Indianapolis to pay out of the "Peoria fund,' derived from
annual report published this week and the recently-issued the 30 per cent of gross earnings due the T. & H. under the
report of the Northern Central (subsidiary company) show terms of the lease, the coupon due Sept., 1896, on T. H. &
that the following amounts of stock of the companies below P. bonds.
The Pennsylvania RR. interests, it is said, have given
mentioned were acquired during the year 1900:
notice that an appeal will be taken to the United States
Bait. (6 Ohio Chesapeake ^Norfolk <S Western. —

—

Oomtnon. Preferred.
Ohio.
Preferred.
Acquired by
Pennsylvania RR..-. i^l6.0( 0.000 $7,000,000 $12,500,000 $7,500,000
1,000,000
Nori hern Central....
1.000,000 1,500,000
500,000
Total Issue
59,272,576 60,543,100 €0,479,400 22,742,900
The holdings in B.
O. stock are said to have been
some amounts may also
increased since Dec. 31, 1900
perhaps be controlled through some subsidiary company
The Vanderbilt interests and
besides the Northern Central.
companies are known to hold large blocks of Chesapeake
Ohio stock. The Pennsylvania further owns
$19,402,687 of the $20,000,000 capital stock of the Western
<£•

&

;

&

Supreme Court.
Report.— The report
gross earnings
1898-99,

of

and income

for the year ended Oct 31, 1900, shows
$495,086, contrasting with $442,330 in
account as follows, the rental being 30

per cent of gross earnings
Income
,

,

Fisealyear. Rental.
189900.. ..$148,526
1898-99.... 132,699

Other

:

Charges

,

Bond int.

Taxes.

,

Rental, etc. Deficit.

$111,500 $19,728 $23,800
$776
111,500
20,873
23,825 23,499
P. under the lease
The "Peoria fund" due the T. H.
aggregated, on Oct. 31, 1900, $356,000.— V, 70, p. 1050.
$5,729

&

New York &

Pennsylvania.
Toledo Fostoria & Findlay Electric R^.-New EnterPayment for Lovg Island.—The controlling interest in the prise,— The "Cleveland Financier" says
Long Island RR., consisting of about $6,030,000 of the $12,
Oonstruotion is rapidly nearlng completion so far as the line
OCO.OOO capital stock which the Pennsylvania RR. Co. last from Findlay to Fostoria [17 miles] is concerned. As yet the work oa
May contracted to purchase for a sum close to par, had not the line from Fostoria to Toledo has not been touched. The author:

capital stock is $1,500,000, authorized bond issue $l,5OO,C00,
been paid for at the end of the late fiscal year, but it is ized
but only $450,000 of the bonds have been issued. The total length of
understood has been settled for in full during the past week, the proposed line is 50 miles. The company Is laying a 60-pound
and to be now held in the company's treasury. The Peiin- rail, ana is ballasting the road with limestone. It has a private right
sylvania's plans for the Long Island RR. and also for a line of way, containing no grades that exceed 1 per cent. Power plant
and cars are nearJy completed. S. W. Croxon of Cleveland is Presiconnecting it with the New York New Haven & Hartford dent, Theo. Wentz, Cashier of the First National Bank of Canal Dover,
RR. are diecuseed in the annual report on other pages of Secretary and Treasurer, and E. C. Deardori of Toledo, Vice-President,
to- day's Chronicle.— V. 73, p. 4.39, 392.
United Railways & Electric Co. of Baltimore.— The
Portsmoath (Va.) St. Rj.— Consolidation.— See Old Do- Mercantile Trust & Deposit Co. of Baltimore, it is said, has
contracted to purchase $2,800,000 of the first consolidated
minion Ry. above. V. 71, p. 544.
mortgage 4 per cent bonds, to be issued as needed for the reRapid Transit in New York Citj.—Road to be Completed quirements of the railway company. The proceeds will be
in 1903. William Barclay Parsons, Chief Engineer of the used to retire underlying 5 and 6 per cent bonds, including
New York Rapid Transit Commission, is quoted as saying $1,350,000 due this year, and to pay for the new central power
that the underground railroad on Manhattan Island will be house and other estnsions.— V. 72, p. 340.
completed in the fall of 1903, and that trains will be running
West New J ersey & Seashore RR.—i2eporf.— Earnings for
from the City Hall to the northern limits of the city by the year ending Dec. 31 were:
Christmas day of tbat year, or from eight to ten months
Year.
Gross.
Net.
Olh. inc.
Charges.
Balance.
earlier than the contract period.
V. 73, p, 392.
1900
$3,490,457
$934,276
$23,396
$576,615
$381,057
3,114,192
872,240
25,217
427,410
470,047
River Front RR. of Virginia.— See Old Dominion Ry. 1899
Dividends call for $253,808 yearly. The charges include
above.— V. 71, p. 544.
Saratoga Traction £,o.— Change in Control.— 3om^h A. $272,888 extraordinary expenditures in 1900, against $96,357
Powers of Troy and Addison B. Colvin of Glens Falls, who in 1899, in addition to which $150,000 set aside in the latter
with John W. Herbert of Helmetta, N. J., own the system year were paid out in 1900.— V. 71, p. 234.
of trolley lines from Waterford to Fort Edward, have purWinchester Ave. RR. of New Haven.- See Fair Haven &
chased a controlling interest, V. 69, p. 1248.
Westville RR. above.— V. 71, p. 337.
Sea View RR.— Mortgage. ^The company has made amortgage of $1,000,000 to the Bowling Green Trust Co. of New
INDUSTRIAL. GAS AND MISCELLANEOUS.
York, as trustee. The road is an electric line, running from
Narragansett Pier to Wickford, East Greenwich, etc., 19^^
Alabama Consolidated Coal & Iron Co. Vice-President
miles. There have been rumors during the week of a possi- Searles Assigns. Vice President Searles assigned on Tuesble change of control.
day, but it is stated positively that this will not alfect the
Southern R^i\\s&y .—Half-Yearly Statement.— The a.^-pxox- several companies in which he was interested. V. 73, p. 310.
imate Income account for the 6 months ended Dec. 31 sliows:
American Cotton Co. President Resigns.— John E. Searles
1900.
Increase.
1899.
has resigned from the presidency. See Alabama Consolidated
"247
Miles of road opera'd (average).
6,439
6,192
Gross earilngs
$17,082,760 $15,902,123 $1,180,636 Coal & Iron Co. above.— V. 71, p. 106S.
Operating expenses and taxes.. 11,410,003
905,480
10,504,523
American Radiator Co. Earnings. The financial state-

—

—

—

—
—

—

—

—

Net earnings from opera'n. $5,672,756
Miscellaneous Income
216,546

$5,397,600
169,179

$275,156
47,367

ment

Total net income
Interest and rentals
Other deductions

$5,586,779
$3,372,425

$322,523
$27,584
25,195

American Sterilized Air & Transportation Co.— Stock
Reduced. Papers have been filed at Trenton, N. J., reducing the capital stock from $5,000,000 to $IC0,000.— V.

$5,889,302
$3,400,009
25,195

Total

$52,779
$269,744
The operations of the six months on substantially the same
mileage for both years compare as follows
The gross earnings in 1900 increased 6-48 per cent and the
net earnings 4'38 per cent, the mileage operated being only
2'03 per cent larger than in 1899. The number of tons of
freight carried one mile exclusive of company's freight was
1'78 per cent less than in 1899, but the rate received per ton
per mile increased from '92 to 97 cents (5'43 per cent) and
the freight earnings per train mile increased from $1 69 to
The average train load (revenue
$1 86, or 10'06 per cent.
freight) was 169 64 tons, against 182-94 in 1699.
Dividend Increased. The directors yestered declared a
(semi-annual) dividend of 2 per cent on the preferred stock,
tbus increasing the rate to 4 per cent per annum. Last year
$3,425,204

Bal. of income, 6 months... $2,464,098

$3,372,425
$2,194,355
:

—

for the year 1900-01 shows net profits
against $657,171 last year.— V. 70, p. 530.

of $527,997,

—

69, p. 335.

American Tin Can Co.— ConsoZirfaiton.— Chicago' advices
can manufacturing plants
which the Moore Brothers have been arranging under this
title is believed to be definitely assured, and that the new
company will have $78,000,000 of authorized capital stock,
half of which will be 7 per cent preferred $5,000,000 each of
common and preferred stock will be reserved in the treasury
and §7,000,000 of cash will be set aside for working capital.
Cash subscriptions to the underwriting will be payable at the
First National Bank of New York City. The new company will use the output of the American Tiii Plate Co.,
which was also organized by the Mcores, and which is to be
controlled by the new United States Steel Corporation.
Beaver Dam (Wis.) Illnminatin? Co.— Bon^.— Tyng &
Co., of Buffalo are offering on a 4;'.^ per cent basis the comstate that the consolidation of tin

;

—

—

— —

—

-

THE CHRONICLE.

482

[Vol. LXXII.

first mortgage gold 5?, dated Feb. 1, 1900, and March 31 on both common and preferred stocks, payable
due $1,500 to $4,000 yearly to and including Feb. 1920; April 1 to stockholders of record March 26. Toe report for
1900, it is stated, shows a net profit of $1,317,865.— V. 71, p.
Northern Trust Co trustee.
1122.
bas
Bronx Gas & Electric Co.— Mortg/ge.—The company
Foundry Supply Co. of America.— Bonds Offend.— This
made a mortgage to the Continental Trust Co., aB trustee, to
company with offices at No. 710 Drexel Building, Philadelsecure ^oUO.OOO of 50-year 5 per cent gold bonds.
phia, offers for subscription at par $500,000 5 per cent 30-year
Canada Farniture Co. of Toronto.-Of the company's $3,-

pany's sf^O.OOO

,

OCO.OOO anthorizfd cnpital the entire common stock ($1,000,
000) and $525 000 of the $3,000,000 preferred stock was taken
ia part payment of the purchase price of the constituent
companies; $700,000 preferred stock is reserved unissued and
the balance $775,000 was recently oilered for subscription at
par. No bonds will be issued. The prospectus saye:
The preference Bhares are 7 per cent cumulative, and; rank, both as
regartle rapl al and dividends. In priority to thecommon shares; they
are also entitled to divide with the common shares, pro rata, any surplus profits after the common shares have received 7 per cent. After
payment of the dividend on tlie preferred, and before payment of
the dividend on the common, 25 per cent of the remalnlni? profits In
every year shall be »et aside to form a ressrve fund until such fund

gold bonds, dated March

1,

1901, interest payable semi-annu-

March and September; in denomination $1,000 each.
"Payment of theee bonds at maturity is guaranteed by
$500,000 iuU-paid 80 j'ear endowment policies in the Provident
Life «& Tiust Co. of Philadelphia." Walter 8. Wright is
President of the Supply Companv, which it is stated owns, "in
ally,

fee simple and tinder contract 610 acres of the finest sand,
gravel and clay lands in America."

I

amounts to $.500,i 00.
The buslnes.^es to be acquired comprise some of the most important
In the trade, and th-) factories are situated lu the best localities for
raw muiorial. labor and shipping. They are equipped with the latest
machinery, and are capable of greatly increased production with
small addlilonal outlay, and many of them have saw mills of their
own. The company will acquire the business of the Furniture ManufaoturerH* Exporting Co., Limited, of Berlin. Canada, and Liverpool,
England, whicli company has been recently esiablished for the purpose of developing the expoit trade. The couipany also has an option
to acquire, on favorable terms, alter the organization of the company
has been completed, the business of the Anderson Furniture ('o., LimWoodstock, the largest furniture manufacturing establishment
Canada, the addition of which will gire the company control of
over 75 per cent of the output of O^inadlau factories.
Sales of the 17 factories now to be acquired aggregated in 1898
$1,082,023; in 1S99, $1,188,102; seven months euded July3i,1900.
$763,750. Pr(^flt3, 1898, $U4,4bO; 1899, $230,708; seven months of

ited, of

in

1900, $112,S37.

See also V.

7Z, p. 89.

CarroUton (Ky.)& PrestonTille Bridge Co.— Bonds 0/fered.—W. J. Haves & Son? are offering $15,000 of this company's $50,000 first mortgage gold 53, Fidelity Trust & Safety
Vault Co. of Louisville, Trustee.
Central Brewing Co. of New York.— Bonds Offtred.—
Frederick Southack and Alwyn Ball Jr., of this city are offering this company's $200,000 first mortgage 5 per cent $1,000
gold bonds, dated July 1, 1900, due July 1, 1905, at par and
The loan is described as a first lien on the real
interest.
estate, buildings and fixtures at East 68th St. and the East
River, N. Y. City, consis'ing of 16 lots and the new buildings thereon used as a brewery, and valued at over $600,00 ).
Capital stock $500,000. The Farmers' Loan & Trust Co. is

Havana Commercial

Co.

Annual

Meeting.— The

only

financial information given out at the recent annual meeting
was that tbe company has cash in bank $110,000; fl)aticg indebtedness, $1,5' 0,0C0, consisting of an unsecured 6 per cent

Joan from the Gaaranty Trust Co. The " Wall Street Journal " quotes the counsel as saying after the meeting:
The company's previous manager bought a large amount of tobacco,
a much larger amount than the direciors had expected, and this Item
18 one of the principal ones represented by the floating debt. The
company has on hand about 14,0t0 bales of tobacco, valued at $1,120,00i-), or nearly enough to pay oflf the floating debt of the company.
The nirectors deemed it advisable not to mortgage the company's
property, although it owns some valuable property in Havana. The
floating debt was [also] Incurred [in part] in the acquisition of a planlatiin for which about $300,000 was paid and on which a large
amount of money has been spent for cultivating It. This plantation
could probably be sold for seven or eight hundred thoueand dollars.
The company's condition is sound.— V. 72, p. 285.
Illinois Electric Vehicle Transportation Co. Dissolution.— The stockholders will vote April 4 on liquidating the
company,
circular says:
Of the capital stock there has been issued 158 620 shares, the
amount received on subscripiion being $793,700. There was paid for
real estate $50,000 and $31,760 f r improvements. The gross income to Feb. 1 was $137,106; total operating expenses, $265,885; loss,
$128,779. with additional loss in depreciation of equipment. The
company on Feb. 1 had $205,458 in cash and lo9 vehiolee.— V. 70, p.

A

i

1293.

Independent Was & Power Co. of San Francisco. New
new company, in which Claui Spreckels is
largely interested, has contracted with the United Gas Improvement Co. of Philadelphia for the installation of a water
Enterprise.— This

gas plant, to be built in six sections of the capacity of 2,000,000 feet each. The first section is to be in working order by
January 1 next, and the remaining sections to be constructed
as the growth of the business shall require, The plant will
be lo3ated on the property bounded by Tennessee, Louisiana,
mortgage trustee.
Twenty-secoad and Twenty-third streets. The price of its
Central Electric Co. of New Jersey.-Bonds Offered.— J. S. gas is to be $1 or less per 1,000 cubic feet.
Rippel, of 760 Broad St., Newark, having purchased $150,003
International Belanger Spinning Ring Co.— New Enterof this company's Ist.mortgage 53, andjhaving sold $75,0C0, is prise. This company was organized recently under the laws
offering tbe remaining $75,000 .subject to sale.— See V. 72, of the State of Maine with a capital stock of
$5,000,000, in
p. 243.
shares of $100 each, to acquire the exolu^ive rights for all
City & Snbnrban Telegrapli Association (Bell Telephone countries of the world other than the United States and
Co.) of Cincinnati. Report.— The report for the year ended Canada, to the 'rotary spinning ring," invented by Victor
Dec. 31, 1900, shows gross earnings $599,064; net available for Belanger. The shareholders of the Rotary Spinning Co.,
dividends $231,798. Capital stock authorized $4,000,000; out- which controls the rights for the United States, are offered
standing $3,465,000.— V. 71, p. 965.
the right to subscribe for one quarter of the stock of the new
Commercial Cable Co. — Report. For the year ending company at $7 50 per share, till 3 P. M. today at office of
Dec. 31, 1900, earnings, including net of land lines, were Treasurer, 50 State St., Boston. The stock offered is reported
$3,696,151, against $3,356,204 in 1S99. The income account to have been underwritten.
was as follows:
International Crude Rubber Co.— Plan in Abeyana.
letter est.
Ntt income. Dividtnds.
Tear,
B's'vef'ds. Bal., dcf.
The plan for floating this companv is reported to have been
^2,679,667 $1,066,664 $720,000
$900,000
1900
$6,997 dropped for the present at least.— V. 71, p, 1313,
2,343,601
800,000
720,000
1,000.000
1899
176,399
International Silver Co.— On Unlisted.— The $5,107,500 of
-V. 71, p. 238.
per
cent cumulative preferred stock has been admitted to
7
Acquisition.
The
company
Continental Tobacco Co.
cot firms the reported purchase of the Wellman-D wire tobacco the unlisted department of the Stock Exchange. V. 70, p.
factory at St. Louis. The factory is said to have a daily ca- 1197.
pacity of about 25,000 pounds of twist tobacco.— V. 72, p. 393.
International Zinc Co.— Receiver. This company has
Cotton Oil & Fibre Co.— Reduction of Par Valae.—The been placed in the hands of a receiver, the company, it is
shareliolders, it is said, have voted to reduce the par of the claimed, being insolvent and its assets of little value.
preferred stock from $25 to |15.— V. 70, p. 1097.
Lawrence Manufacturing Co.— Stock Authorizfd.—The
have authorized the proposed increase in the
shareholders
See
Union
Heat
Light
&
Gas
Co.—
Power
Covington
Co.
capital stock from $750,000 to $1,250,000.- V. 72, p. 393.
below.— V. 72, p. 440, 186.
Louisville Gas Co.— Called Bonds.— The $")00,000 first
Denver Uas & Electric Co.— Called Bonds.— The following
bonds dated April 1, 1891, have been called, and
mortgage
Western
Electrical
Construction Co. dated Oct,
bonds of the
will be paid at 105 and interest on April 1 at the National
4, 1890, viz.: Nos. 5, 9, 30, 70, 117, 144, 154, 181, 222, 247, have
been drawn for sinking fund and will be paid at 103 on Bank of Kentucky, Louisville, Ky., and Bank of America,
or after April 4, 1901, at the Massachusetts Loan & Trust New York.—V. 72, p. 244.
Co,, trustee.— V. 72, p. 341.
Lowell (Mass.) Gas Light Co.— Neio Stock.— The MassaDominion Iron & Steel Co.— Preferred Stock Ofered.— chusetts Gas & Electric Light Commission has approved the
The company is offering at par $3,OjO,000 of its $5,000,000 issue of $150,000 additional stock, to be sold at 200, making
The Bank of Mon- the total issue, it is understood, $650,000.— V. 72, p. 186.
7 per cent cumulative preferred stock.
treal, Canadian Bank of Commerce and the Royal Bank of
Manliattan Steamsliip Co.— Remainder of Preferred Stock
Canada are receiving the subscriptions. See V. 72 p. 341, 139. Offered. The company is offering privately at par the unDominion Lumber Co.— Stock Offered.— This company, or- subscribed balance ($150,000) of its $60J,00!) of 7 per cent preganized under the laws of Maine with $600,000 of 6 per cent ferred stock. J. N. Huston is Treasurer, No. 11 Broadway.—
preferred stock (subject to call after 1903 at 110) and $900,- S3e V. 71, p. 88.
000 common stock, is offering a portion of its preferred stock
Marshall Field & Co. Jncorpora/ed.- This company has
at par {%'lb per share), with a bonus of 50 per cent in com- been incorporated in Illinois with $6,000,000 of authorized
mon stock. The company claims to have secured control of capital stock to succeed the partnership with the same name.
Marshall Field, John G. Shedd, Robert M.
350,000 acres of fine timber land in New Brunswick, and to Incorporators
be cutting timber at a large annual profit. President, Ed- Fair and Harry G. Self ridge.
ward P. Mason; Treasurer, Albert C. Ashton. Office, AtlanMaryland Brewing Co.— Default.— Receivership Proceedtic National Bank Building, Boston.
Interest on the $7,500,000 first mortgage bonds was
ings.
Electric Storage Battery Co.— Dividends. —The company defaulted on March 1, and on March 2 a foreclosure suit and
has declared a dividend of 13^ per cent for the quarter ending an application for a receiver were filed by the Citizens' Trust

—

—

—

—

—

—

—

—

:

—

—

:

Mabch

THE CHRONICLE

9, 1901.J

&

Deposit Co., mortgage trustee. The application, as also
several other suits pending against the company, will be

heard on March

13.

Ptan.— Fred H. Gottlieb, John Bauernschmidt, Alex. L.
Straus, Joseph H. Straus and H. A. Brebm, each recently

483

Jan. 1, 1900. A new contract with the city, establishing a lower
schedule of rates, went Into effect Jan. ist, 1900, and a fubstanti,!!
The current revenue.'*
Increase in consumers resulted therefrom.
have been ample for years to carry operating expenses and all fired
charges, with sobsrantial surplus.

St. Jlarj's Mineral Land Co.— ^v.copssor Company.— This
connected in an important capacity with one or another cf new company has been organized under the laws of New
the constituent companies, have issued a long statement Jersey, with a capital of $5,000,000, in thares of $25 each, to
(published in full in the "Baltimore Sun" of March 4) in issue six of its shares in exchange for every $50 share of St.
which they explain the failure as due to excessive salaries Mary's Canal Mineral Land Co.'s stock and to offer to the
and fixed charges, unexpected competition and lack of bar holders of the latter who make the exchange the right to take

As owning and representing
in the management.
$1,000,000 of old bonds, they propose the organization of a
new company with the following capitalization
$.j,000,000
Capital stock in foil- paid shares of $100 each
2,2ft0,000
Of whlchtopresent bond holderson payment of $225,000.
2,383,333
To present stockholderB who pay asseesment
366,667
To remain in treasury abouD
First mortgage 5 per cent gold bonds, all to go to present

mony

:

3,7.50,000
bond holdPis
Second mortgage 3 per cent noncumalatlve Income
3,7.50,000
bonds (all to present bond holders)
Holders of the old securities paying the assessments below
indicated will receive tecurities of the' new company as below in exchange for their holdings.
And receive
Pay
So'deraof
a»8e«i>.
istm.Ss. IncomeSs. Stock.
i^l.OOO bond; $100 lytock.
$500
$600
x$<00
First mortgage 68 ($7,500,000)... X $30
623
6623
....
....
Preferred 6% stock ($2,750,c00).
....
20
2
....
Common stock ($2,750,(JOO)

.

,

at $25 per share, to te paid for in cash, as many shares of the
new company's stock as they now hold in the old company.
One hundred and twenty thonsand shares will be required to
purcba39 the present outstanding stock and 20,000 shares will
be sold at $25 per share. The new company, therefore, will
start with a cash capital of $500,000 and with 60,000 shares of
unissued stock in the treasury. Stockholdfrs are invited to
deposit their stock with the Old Colony Trust Co., and to
subscribe for tbe new stock on or before March 28.

—

Singer Manufacturing Co.— Dividend. The company has
declared a quarterly dividend of 1^ per cent, payable March
30 to stockholders of record March 20, 1901. This is the first
dividend paid on the capital stock as increased in Dec, last
from $10,000,000 to 830,000,000 by a 2C0 per cent stock divi-

dend.— V.

71, p. 1273.

Standish (Me.) Water & Construction Co.— Foncfs.— Tt&
is proposing to issue $500,000 bonds for improveX Payment of assessment optional, but if not made bondholder ments.
will not receive the $300 capital stock.
Stanley Electric Manufacturing Co.— New Stock.— The
The assessments above provided will yield 1463,332 of shareholders are subscribing at par for $250,000 new stock,
working capital, the committee agreeing to purchase at the increasing the outstanding issue to §1,251,000.— V.
70, p. 234»
amount of the assessment [.flO per share] any stock
Mining
Report.
The
Co.—
report
for
Tamarack
the jear
allotted as above to security holders who shall not themselves pay the assessment. The committee believes that ending Dec. 31 shows
Gross.
Net.
Dividends.
P.al., iiur.
Tear.
under the worst conditions the property can earn at least 1900
$3,299,077
$1,199,141
$1,020,000
$179,141
$500,000 yearly, and under good management net $1,000,000. 1899
2,952,099
740,510
600,000
140,510
1124.
The new fixed annual interest charge will be $187,500 in- —V. 71, p.
come charge, |112,500 sinking fund, to be invested in
Tennessee Coal, Iron & RR. Co. Official Statement. An
saloon property or in the bonds, $75,000. Six of the nine official statement regarding the company's business and andirectors are to be agreeable to the committee. No salary is nouncing the intention to discontinue the giving out of
to exceed $6, COO yearly (as against i?12,CO0 of present Presi- monthly reports of earnings says

company

:

;

—

;

:

changes in the company's system of accounting were
deemed desirable, and were Introduced in January. Greater accuracy
The company's business is such as to make it
is exrected to result.
difficult to prepare a statement covering each month separately, ard
the directors have decided to discontinue monthly publications of
earnings. The earnings for January were satisfactory. With th«
operation of the steel mill some additions were found necep.sary, and
they are now approaching completion. The delays and difflciilties incident to starting so large a mill, with men strange to It and to each
other, are being rapidly overcome. The steel has proved highly satisfactory, both here and abroad. No plan for additions or improvements has been formally considered. The company has made large
sales of pig Iron at the advanced prices, and the demand for Its steel
exceeds the output.
Regarding the report of a large floating debt, it is said the
companj's liabilities exceed its assets by only some $6(0,000.
Chairman Bacon, it is understood, favors raising some new
capital to put the plant in a gocd state of efficiency, but
nothing in that direction has yet been settled upon.— V. 72,
Certain

dent).

Opposition.— SpexTj Jones

&

Co. opposed the receivership,

and as stockholders having faith in the property offered to
advance the money necessary to pay the March coupons.
Competition.— The price of the company's beer was reduced on March 2 from |6 to $4 50, an amount, it is said,
just about equal to the cost of manufacture.— V. 72, p. 244.
National Sngar Bellning Co.— See report of American
Sugar Refining Co.— V. 71, p. 557.
New York & New Jersey Telephone Co.— Increase of
Stock. The shareholders have approved the increase of the
capital stock from $8,000,000 to $15,CO0,C0O, the new stock to
be issued from time to time, as needed for construction.— V.

—

72, p. 441, 244.

Niagara Light Heat & Power Co.— Consolidation.— This
company has been formed by consolidation of the Tona- p. 444, 187.
wanda Gaslight Co,, the Standard Gas Co. of North TonaTonawanda Gas Light Co. See Niagara Light Heat
wanda and ttie Tonawanda Lighting Co. The capital stock Power Co.
is $200,000, of which $75,000 is 6 p. c. non cumulative pref.
United Gas Improvement Co.— See Independent Gas
Directors Frederick Wende and John W. Fisher of Buffalo, George
P. Smith and Horatio 8. Wende of Tonawanda and Edwin R. Ford of Power Co. above.— V. 71, p. 1273,

—

3c

&

:

Akron.

Outario Lake Superior Co.— See Algoma Central Ry.
under " Railroads."— V. 70, p. 1252.
Pennsylyania Salt Manufacturing Co —New Stock.— The
proposition ia to issue .$500,000 new stock, offering it to shareholders at $100 per $50 share, the proceeds to be used in
building a new plant at Wyandotte, Mich. This will make
the stock outfctaoding $3,000,000.- V. 72, p. 441.

Pennsylvania Steel Co.— 4/i/a?jee.— It is sreneraliy understood that E. T. Stotesbury and T. Lowber Welsh representing the Drexel-Morgan interests, and already members of the
board of directors of the Cambria Steel Co. and Bethlehem
Steel Co. will shortly enter the directorate of the Pennsylvania Steel Co. as reorganized, thus bringing the three
proparties into close alliance.— V. 72, p, 187, 143.

Puget Sound Packing Co.-Reeeivei^—Kenry Newton has
been appointed temporary reaeiver.— V. 70, p. 1000.
Rotary Ring Spinning Co.— See International Belanger
Spinning Ring Co. above.— V. 69, p. 1015.
St. Mary's Canal Mineral Land Co.— See St. Mar>'a
Mineral Land Co.
St. Joseph Water Co.— Pa vmeni of Bonds.— The $1,570,000 consolidated sinking fund bonds will be paid at the
Farmers' Loan & Trust Co. on May 4 at par and interest.
Refunding Bonds.—T. Mellon & Sons' Bank. Pittsburg,

United Stales Steel Corporation.— O^ciaZ Circular.-lu.
Chronicle was published an officially revised
statement giving the basis of the proposed amalgamation.
The official circular, issued late on Saturday and given in
our advertising columng to- day, confirms what we gave a

last week's

week

ago, except as regards the total authorized isiuea
of common and preferred shares, which were charged
after we had gone to press to $425,000,000 each [from
$450,000,OCO], and except al.'so that the aggregate amount of
the bond issue is limited to $304,000,000 instead of $3C0.C00 000.
In caee "less than all of the bonds and stock of the Carnegie
Company or less than all of the stocks rf the other companies
above referred to shall be arquired, the amounts of bonds
and stocks to be issued will be reduced as provided in said
contract." The syndicate agrees as part cf its contract to
provide the new companj' with $25,000,000 in cssh.
The circular, signed by J. P. Morgan
Co., also sa} s:
statements furnished to us by officers of the several compariea
above named, and of the Carnegie Company, show that ihsaggrecato
of the net earnings of all the companies for the calendar year 1900
was amply snffioiei t to pay dividends on both classes of the nc w
stocks, besides making provision for sinking funds and maintenarce
of properties. It is expected that by the consummation of the proposed arrangement the necessity of large deductions heretofore m»de
on account of expenditurts for improvenents will be avoided, the
amount of earnings applicable to dividends will be substantially
increased and greater stability of Investment will be assured, without
necessarily Increasing the prices of manufdOtured products.

&

Leading shareholders in each of the companies which it is
issue of 5 p. c. first lien gold
proposed to amalgamate recommend the acceptance of the
bonds, being refunding loan to retire bonds called as above.
on or before March 20.
The prior issue tonds will be received in exchange for the terms offered. Deposits must be madecompensation
for their
J. P. Morgan
Co. are to receive ro
new bonds at par and interest.
circular says in substance
services as syndicate managers beyond a share in any sum
The aiUhorized Issue 18 $2,500,000. dated April 1st. 1901, and due
tbe syndicate.
April Ist. 1941, but subject to call prior to April 1. 1911, at IO.t and which ultimately may be realized bv
Certificates of Depoi-it en UnlHied.— The New York Stock
Interest; Farnier»' Loan <fe Trust Co., of New York, trustee. Pa\ ment
of principal and interest (A. & O.) euaranteed by the American Water Exchange has admitted to quotation in tbe rnlisted departWorks & GujirauteeCo. Only $1,850,000 bonds are now issued; the ment certificates of deposit iesued by the depositaries for the
rematiitn« $650,000 cannot be l88ue<l except for extenssons and imthe
prov ementi-, umlei rigid conditions. The capiial stock is $2,500,000. stocks of the seven constituent companies other than
Tli> Kiipviiy of water is drawn from the Missouri River and is success- Carnegie Co.— V. 71. p. 441.
fully filtered; there are 4,06o domestic con.^uniers. and in four yeara
the revenue Increased from $liiO,i 80 at Jan. 1st, 1897, to $157,4kj8 at
S^Kor oiher IuTe»iineut ISewa keefage 492.
Pa.,

is

offering for sale the

new

A

&

:

:

THE CHRONICLE.

484

[ToL. LXXII.

that are open to the public with or without price, shall be regarded as
a bowling alley or a billiard room, respectively."

TOBACCO, CIGARS, CIGARETTES AND SNUFF.
3.
That the internal revenue tax on cigars weighing
more than three pounds per thousand shall be three dollars
per thousand; and the tax on cigars weighing not more than
We give herewith the full text of the
three pounds per thousand shall be eighteen cents per pound,
Reduction Bill as approved by President McKialey on and on cigarettes weighing not more than three pounds per
March 2d.
Headings have been inserted by us thousand and of a wholesale value or price of not more than
two dollars per thousand shall be eighteen cents per pound;
in many places so as to make it easier for the reader and the tax on cigarettes weighing not more than three
to find the various provisions.
The original War pounds per thousand and of a wholesale value or price of
more than two dollars per thousand shall be thirfcy-six cents
Revenue Bill, of which this is an amendment, was in per pound; and all such cigars and cigarettes weighing not
more than three pounds per thousand shall for purposes of
the CHROifiCLE of June 18, 1898, pages 1191 to 1198.
taxation be held and considered as weighing three pounds.
AN ACT
Sec. 4. That there shall be allowed a discount of twenty
To Amend an Act entitled, "An Act to Provide Ways and Means per centum on all sales by collectors to manufacturers of
TO Meet War Expenditures, and for Other Pobposes," Aptobacco and snuflf upon the stamps provided for the payproved June 13, 1898, and to Beduce Taxation Thereunder.
ment of internal revenue taxes upon manufactured tobacco
Beit enacted by the Senate and House of Representatives and snuff: Provided, That in addition to the packages of smokof the United States of America in Congress assembled,
ing tobacco now authorized by law there shall be packages of
two ounces, three ounces and four ounces: And provided
beer, ale, porter, etc.
That section one of the Act entitled "An Act to provide further, That on all original and unbroken factory packways and means to meet war expenditures, and for other ages of smoking and manufactured tobacco and snuff and
purposes,"' approved June thirteenth, eighteen hundred and cigars, held by manufacturers or dealers at the time such
discount or reduction of tax shall go into effect, upon which
ninety-eight, is hereby amended so as to read as follows:
there shall be allowed a drawback or
That tliere Bball be paid. In lieu of the tax of one dollarnow Imposed the tax has been paid,

Sec.

WAR REVENUE REDUCTION

BILL.
War Kevenue

'

by law, a tar of oijO dollar and sixty cents on all beer, lager beer, ale,
porter, and other similar fermented liquors, brewed or manufactured
and sold, or stored In warehouse, or removed for consumption or sale,
within the United States, by whatever name such liquors may be
called, for every barrel containing not more than thirty-one gallon.";
and at a lihe rate for any other quantity or for the fractional parts of
a barrel authorized and defined by law. And section thirty-three
hundred and thirty-nine of the Revised Statutes is hereby amended
accordingly: Provided, That in lieu of or in addition to the present
requirements of law in that respect, all stamps used for denoting the
tax upon fermented liquors or other taxes may, In the discretion of
the Commissioner of Internal Revenue, be canceled by perforations to
be made In such manner and form as the Commissioner may by regulations prescribe."

SPECIAL TAXES.

Sec. 2. That section two of said Act is hereby amended so
as to read as follows
"Sec. 2. That special taxes shall be, and hereby are, imposed annu:

ally as follows, that is to say:

BANKERS.
"One. Bankers using or employing a capital not exceeding the sum
of twenty-five thousand dollars shall pay fifty dollars; when using or
employing a capital exceeding twenty-five thousand dollars, for every
additional thousand dollars in excess of twenty-five thousand dollars,
two dollars, and in estimating capital surplus shall be included. The
amount of such annual tax shall in all oases be computed on the basis
of the capital and surplus for the preceding fiscal year. In the case of
bankers who were not in business In the preceding fiscal year the tax
shall be computed on the capital at the time of commencine; business.
Every person, firm, or company, and every incorporated or other
bank, having a place of business where credits are opened by the deposit or collection of money or currency, subject to be paid or remitted upon draft, check, or order, or where money is advanced or loaned
on stocks, bonds, bullion bills of exchange, or promissory notes, or
where stocks, bonds, bullion, bills of exohanjre or promissory notes are
received for discount or sale shall be a banker under this Act: Provided, That any savings bank having no capital stock, and whuse
business is confined to receiving deposits and loaning or investing the
Bame for the benefit ,of its depositors, and which does no other business of banking, shall not be subject to this tax.

BROKERS.
pay $50. Every person, firm or company whose
business it is to negotiate purchases or sales of stocks, bonds, ex
change, bullion, coined money, bank notes, promissory notes, or other

"Two. Brokers

shall

eeourities for themselves or others, shall be regarded as a broker;
provided, that any person having paid the special tax as a banker
shall not be required to pay the special tax as a broker.

PAWNBROKERS.
"Three. Pawnbrokers shall pay twenty dollars. Every person, firm
or company, whose business or occupation It is to take or receive, by
way of pledge, pawn or exchange, any goods, wares or mercbandise,
or any kind of nersonal property whatever, as security for the repayment of money loaned thereon, shall be deemed a pawnbroker.

CUSTOMHOUSE BROKERS.
"Four. Custom-house brokers shall pay ten dollars. Every person,
firm or company, whose occupation it is, as the agent of others, to arrange entries and other Customhouse papers, or transact business at
any port of entry relating to the importation or exportation of goods,
wares or merchandise, shall be regarded as a Custom-house broker.
THEATRES, MUSEUMS AND CONCERT HALLS.
" Five. Proprietors of theatres, museums and concert halls in cities
having more than twenty-five thousand population as sho wn by the last
preceding United States Census, shall pay one hundred dollars.
Every edifice used for the purpose of dramatic or operatic or other
representations, plays, or performances, for admission to which entrance money is received, not including halls rented or used occasionally for concerts or theatrical representations, shall be regarded
Provided, That whenever any such edifice is under
as a theatre
lease at the passage of this Act, the tax shall be paid by the lessee,
unless otherwise stipulated between the parties to said lease.
:

CIRCUSES.

The proprietor or^propriators
dred dollars. Every building, space,
"Six.

pay one hunwhere feats of

of circuses shall
tent, or area

horsemanship or aorobatio sports or theatrical performances are exhibited shall be regarded as a circus: Provided. That no special tax
paid In one State, Territory, or the District of Columbia shall exempt
exhibitions from the tax la another State, Territory, or the District of
Columbia, and but one special tax shall be imposed for exhibitions
within any one State, Territory, or District.
OTHER PUBLIC EXHIBITIONS.
" Seven.

Proprietors or agents of all other public exhibitions or
for money not enumerated in this section shall pay ten dollars
Provided, That a special tax paid in one State. Territory or the
District of Columbia shall not exempt exhibitions from the tax in
another State, Territory, or the District of Columbia, and but one
special tax shall be required for exhibitions within any one State,
Territory, or the District of Columbia.

shows

BOWLING ALLEYS AND BILLIARD ROOMS.
Proprietors of bowling alleys and billiard rooms shall pay
five dollars for each alley or table. Every building or p'ace where
bowls are thrown or where games or billiards or pool are played, and

"Eight.

rebate of the full amount of such discount or reduction of
tax, but the same shall not apply in any case where the
claim has not been presented within sixty days following
the date of the reduction; and no claim shall be allowed or
drawback paid for a less amount than ten dollars. It shall
be the duty of the Commissioner of Internal Revenue, with
the approval of the Secretary of the Treasury, to adopt such
rules and regulations and to prescribe and furnish such
blanks and forms as may be necessary to carry this section
into effect.

ADHESIVE STAMPS.

Sec. 5. That Section six of said Act is hereby amended by
striking out the words ''medicines, preparations, matters
and things," in the last paragraph of said section, and inserting in lieu thereof the word "wines," so that the section
as amended shall read as follows:
ADHESIVE STAMPS.
" Sec. 6. That on and after the first dav of July, eighteen hundred
and ninety-eight, there shall be levied, collected, and paid, for and in

respect of the several bonds, debentures, or certificates of stock and
of indebtedness, and other documents, instruments, matters, and
things mentioned and described in Schedule A of this Act, or for or in
respect of the vellum, parchment, or paper upon which such instruments, matters, or things, or any of them, shall be written or printed
by any person or persons, or party who shall make, sign, or issue the
same, or for whose use or benefit the same shall be made, signed, or
Issued, the several taxes or sums of money set down In figures against
the same, respectively, or otherwise specified or set forth in the said

"And there shall also be levied, collected, and paid, for and in respect
to the wines mentioned and de-cribed in Schedule B of this Act, manufactured, sold, or removed for sale the several taxes or sums of money
set down in words or figures against the same, respectively or otherwise specified or set forth in Suhedule B of this Act."
Sec. 6. That section nine of said Act is hereby amended
by striking out the proviso, so that the section as amended
shall read as follows:
" Sec 9. That in any and all cases where an adhesive stamp shall be
used for denoting any tax imposed by this Act, except as hereinafter
provided, the person nsing or aflixing the same shall write or stamp
thereupon the initials of his name and the date upon which the same
shall be attached or used, so that the same may not again be used.
And if any per.son shall fraudulently irakp use of an adhesive stamp
to denote any tax Imposed by this Ao% without so eflfectually cancelins and obliterating such stamp, except as before mentioned, he, she,
or they shall be deemed guilty of a misdemeanor, and upon conviction thereof shall pay a fine of not less than fifty nor more than five
hundred dollars, or be imprisoned not more than six months, or both,
at the discretion of the court."
Sec. 7. That section thirteen of said Act is hereby
of,'" and
amended by striking out the words "Schedule
also by inserting in the first proviso, after the words
"bonds, debentures, or certificates of stock or of indebtedness," the words "or any instrument, document, or paper of
any kind or description whatsoever mentioned in Schedule
of this Act;" so that said section as amended shall read

A

A

as follows

"Sec 13. That any person or persons who sha'l register, issue, sell
ortransfer, or who shall cause to be issued, registered, sold, or transferred, any instrument, document or paper of any kind or description
whatsoever mentioned in this Act, without the same being duly
stamped or having thereupon an adhesive stamp for denoting the tax
chargeable thereon, and canceled in the manner required by law, with
intent to evade the provisions of this Act, shall be deemed guihy of a
misdemeanor, and upon conviction thereof shall be punished by a fine
not exceeding fifty dollars or by imprisonment not exceeding six
months, or both, in the discretion of the court; and such instrument,
document, or paper, not belne stamped according to law, shall be
deemed invalid and of no effect: Provided, That hereafter, in all
cases where the party has not affixed to any instrument the stamp reouired by law thereon at the time of Issuing, selling, or transferring
the said bonds, debentures, or certificates of stock or of indebtedness,
or any instrument, document or paper of any kind or description
whatsoever mentioned in Schedule A of this Act, ana he, or they, or
any party having an Interest therein, shall be subsequently desirous
of «fllxiDg -such stamp to said Instrument, or, if said instrument be
collector of
lost, to a copy thereof, he or they shaU appear before the
internal revenue of the proper district, who shall, upon the payment
of
of the price of the proper stamp required by law, and of a penalty
ten dollars, and, where the whole amount of the tax denoted by
the stamp required shall exceed the sum of fifty dollars,
on payment also of interest, at the rate of six per centum on said tax
from the dav on which such .stamp ought to have been affixed, aflix
the proper stamp to such bond, debenture, certificate of stock or of
indebtedness or copy, or instrument, document or paper of any kind
or description whatsoever mentioned in Schedule A or this Act, and

I

March

9,

THE CHRONICLE.

1901.]

note upon tlie margin thereof the date of his to doing and the tact
tliat auch penalty has been paid; and tlte same shall thereupon be
deemed and held to be as valid to all Intents and purposes as \t
stamped when made or issued: And provided further. That where it
shall appear to said collector, upon oatli or otherwise, to his satisfaction, that any such instrument has not been duly stamped, at the time
of making or isBulDK the same, by reason of accident, mistake. InadTertenoe, or argent neceHHity, and without any wilful design to
defraud the United States of the stamp, or to evade or delay the payment thereof, then and in such case. If *uch instrument, or, if the
original lie lost, a copy thereof, duly certiiled by the otiicer having
charge of any records in which such original is required to be recorded,
or otherwise duly proven to the satisfaction ot the collector, shall,
within twelve calendar months after the making or issuing thereof, be
brought to the said collector of Internal revenue to be Ptamped, and
the stamp t»x cliargeable thereon shall be paid, it shall be lawful for
the said collector to remit the penalty aforesaid and to cause such instrument to be duly Ptamped. And when the original instrument, or
a certified or duly proven copy thereof, as aforesaid, duly stamped bo as
to entitle the same to be recorded, shall be presented to the clerk, register, recorder, or other oflicer having charge of the original record, it shall
be lawful for such odicer, upon the payment of the fee legally chargeable for the recording thereof, to make a new record thereof, or to note
apon the original record the fact that the error or omission in the
stamping of said otiglual instrument has been corrected pursuant to
law; and the original Instrument or such certified copy, or the record
thereof, may be used in all courts and places in the same manner and
with like ed'ect as if the instrument had been oiiglnally stamped
And provided further. That in all cases where the party has not
atlixed the stamp required by law upon such instrument issued, registered, sold, or transferred at a time when and at a place where no
collection district was established, it shall be lawful for him or them,
or any party having an interest; therein, to alUx the proper stamp
thereto, or, if the original be lost, to a copy thereof. But no right
acquired in good faith before the stamping of such instrument, or
copy thereof, as herein provided, if such record be required hy law,
shall in any manner be affected by such stamping as aforesaid."
:

SCHEDUIili:

A— STAMP TAXES.

Sec. 8. That Schedule A of said Act
as to read as follows
"SCIIEDULB A.

is

hereby amended so

:

"STAMP TAXES.
"One Bonds, debrntdrks oii certificates of indebtedness Isaued
after the first day of July, anno Domini eighteen hundred and ninetyeight, by any association, company, or corporation, on each hundred
dollars of face value or fraction thereof, ilve cents, and on each original issue, whether on organization or reorganization, of certh icates
OF STOCK by any such association, compauy, or corporaiiom, on each

hundred dollars of face value or fraction thereof, live cents, and on
all sales, or agreements to hell, or memoranda of sales or deliveries or
TRANSFERS OF SHARES Or Certificates of stock in any association, company, or corporation, whether made upon or shown by the books of
the association, company, or corporation, or by any assignment in
blank, or by any delivery, or by any paper or agreement or memorandum or other evidence of transfer or sale, whether entitling the holder
in any manner to the benefit of such stock, or to secure the future
payment of money or for the future transfer of any stock, on each
hundred dollars of face value or fraction thereof, two cents: Provided,
That in case of sale where the evidence of transfer is shown only by
the books of the company the stamp shall be placed unon such books;
and where the change of ownership is by transfer certllloate the
stamp shall be placed upon the certificate; and iu cases
of
an agreement to sell or where the transfer is by dethe certificate assigned in blank there shall be
delivered by the seller to the buyer a bill or memorandum
of such sale, to which the stamp shall be affixed; and every bill or
memorandum of sale or agreement to sell before mentioned shall
show the date thereof, the name of the seller, the amount of the sale,
and the matter or thing to which it refers. And any person or persons liable to pay the tax as herein provided, or any one who acts in
the matter as agent or broker for such person or persons, who shall
make any such sale, or who shall in pursuance of any such sale deliver any such stock, or evidence of the sale of any such stock or bill
or memorandum thereof, as herein required, without having the
proper stamps affixed thereto, with Intent to evade the foregoing provisions, shall be deemed guilty of a misdemeanor, and upon conviction thereof shall pay a fine of not less than five hundred nor more
than one thousand dollars, or be imprisoned not more than six months,
or both, at the discretion of the court.
"Two. Upon each SALE, agreement of sale, or agreement to sell
ANY PRODUCTS OR MKECHANDiSE at aty exchange or board of trade,
or other similar place, either for present or future delivery, for each
one hundred dollars in value of said sale or agreement of sale or agreement to sell, one cent, and for each additional one hundred dollars or
fractional part thereof in excess of one hundred dollars, one cent:
Provided, That on every sale or agreement of sale or agreement to
sell, as aforesaid, there shall be made and delivered by the sel'er to the
buj'er a bill, memorandum, agreement, or other evidence of such sale,
agreement of sale, or agreement to sell, to which there shall be affixed a lawful stamp or stamps in value equal to the amount of the
tax on such sale. And every such bill, memorandum, or other evidence of sale or agreement to sell shall show the date thereof, the
name of the seller, the amount of the sale, and the matter or thing to
which it refers; and any person or persons liable to pay the tax as
herein provided, or any one who acts in the matter as agent or broker
for such person or persons, who shall make any such sale or agreement of sale, or agreement to sell, or who shall, in pursuance of anv
such sale, agreement of sale, or agreement to sell, deliver anv such
products or merchandise without a bill, memorandum, or other evidence thereof as herein required, or who shall deliver such bill, memorandum, or other e\ idenco of sale, or agreement to sell, without having the proper stamps affixed thereto, with Intent to evade the foregoing provisions, shall be deemed guilty of a misdemeanor, and upon
conviction thereof shall pay a fine of not less than five hundred
nor more than one thousand dollars, or be imprisoned not more than
six months, or both, at the disoretloD of the court: Provided, That no
Dill, memorandum, agreement, or other
evidence of such sale, or
agreement of sale, or agreement to sell, in ease of products or merohandlse actually deivered to, and while In vessel, boat or car, and
actually in course of transportation, shall be subject to this tax, proviaea such bin, memorandum, agreement or other evidence of such
sale, or agreement of sale, or agreement to sell, shall be accompanied
by bills of lading or vouchers showing that the said products are actually in course of transportation as aforesaid.
•Three. From and after the first day ot April, nineteen hundred and
one, every person, as.^ociation, copartnership, or corporation who or
Which shall in his, its, or their own behalf, or as agent, engage in the
business of making or ofl^'erlng to make contracts, agreements, trades,
or transactions respecting the purchase or sale, or purchase and sale,
or any grain, provisions. aw or unmanufactured cotton, stock, b'nds. or
other securities wherein both parties thereto, or such person, association, copartnership, or corporation above named, contemplate or intend that such contracts, agreements, trades, or transactions shall be
or may be closed, adjusted, or settled according or with reference to
the public market quotatloris of prices made on any board of trade or
exchange upon which the commodities or securities referred to in said
contracts, agreements, trades, or transactions are dealt in. and without a bona nde transaction on such board of trade or exchanse, or
wherein both parties, or such person, association, copartnership, or
corporation above named, shall contemplate or intend that such conlivery

of

made and

>

485

be or may be deemed
closed or terminated when the public market quotations of prices
made on such board of trade or exchange for the articles or securities
named in such contracts, agreements, trades, or transactions sliaU
reach a certain figure, and every person, association, copartnership,
and corporation who or which shall in his or its own behalf or as
agent conduct what is commonly known as a 'Buck -t Shop' shall pay
a stamp tax of two cents on each one hundred dollars in value or
fraction thereof, of the merchandise covered or pretended to be covered,
and also a tax of two cents on each one hundred dollars on the face
value or fraction thereof, of all stocks, bonds, or other securities
covered or pretended to be covered by each and all of such contracts,
agreements, trades or transactions: Provided, however. That the
payment of any tax impoFCd by this paragraph shall not be held or
construed to exeintit any iuch percon, or association, copartnership,
or corporation, from any penalty or punishment provided by the
laws of any State for carrying on such business, or the making
of such contracts, agreements, trades, or transactions within such
State, or in any manner to authorize the commencement or continuance of such business or the making of any such contracts, agreements, trades, or transactions contrary to the laws of such State, or
in any place prohibited by municipal law; and on or before the first
day of April, nineteen hundred and one, every such person, asFociation, copartnership, or corporation, as aforesaid, shall, for each office
or place of business and for each branch office or place of baslness,
wherever established, pay a special tax of twelve dollars and fifty
cents, and on or before the first day of July, nineteen hundred and
one, and annually thereafter, for every such office or branch office, a
special tax of filty dollars, and such taxes shall be in addition to all
Every person, association,
other special taxes imposed by this Act.
copartnership, or corporation proposing to engage in or continue the
shall,
before
commencing
such business, file with
business aforesaid
the collector or proper deputy collector of the district in which it is
proposed to carry on such business a notice in writing
under oath, and in such form as the Commissioner of Internal
Revenue may prescribe, stating the name of the person, association, copartnership, or corporation intending to engage in such
business, the names of the members of any such association or copartnership, and the names of the officers of any such corporation,
together with the residences of all the individuals whos-e names are
thus required, and the place (including ttreet number) where such
business is to be carried on. and it shall be the duty of the collector of
Internal revenue to keep in liis office a book in which shall be recorded
a complete copy of all such notices, and such book shall be open to
public inspection. Every person, association, copartnership, or corporation conducting or transacting the business aforesaid shall keep
or cause to be kept just and true books of account, wherein shall be
plainly and legibly recorded on the day of the making of every such
contract, agreement, trade, or transaction a complete and exact
specification thereof, including the date thereof, the other party
thereto, and the quantity, price, and the gross amount in value cf
each article or commodity covered or pretended to be covered by
each such contract, agreement, trade or transaction, and such books
shall at all reasonable times and hours be subject to the inspection of
the collector, deputy collector, and the inspector of internal revenue
or any duly authorized agent of the Internal Revenue Department,
and every suoh person, association, copartnership, or corporation
shall deliver to the other party to each such contra-t, agreement,
trade, or transaction, at the time of making tlie same, a written memoorandiim also containing the complete and exact specification thereof, above referred to, to which the proper stamp shall fc, before delivery, atbxed. Every person, association, copartnership, or corporation who shall, in his or their own behalf, or as agent, engage in or
continue in the business hereinbefore defined without having filed the
notice herein required, or who shall fail or refuse to keep any such
book or make any return, report, or affidavit required as aforesaid, or
shall make a false, fraudulent, or partial return, report, or affidavit, or
shall fail or refuse to deliver a written memorandum, as hereinbefore
required, or shall in any other respect violate any of the provisions of
this paragraph, shall, besides being liable for the amount of the tax
or taxes herein prescribed, be deemed guilty of a misdemeanor, and
upon conviction thereof shall, for each and every such ott'ense. pay a
fine of not less than five hundred nor more than five thousand doUars,
or be imprisoned not less than three months nor more than two
years, or both, in the discretion of the court. All provisions of law
now in force relating to the collection, recovery and enforcement of
taxes, fines and penalties imposed under the law concerning internal
revenue and not Inconsistent with the provisions of this paragraph
shall extend and apply to the recovery and enforcement of the taxes,
fines, and penalties imposed by this paragraph.
" Four. Bill of exchange (inland), draft, or order foe tub
PATMENTOF ANY SUM OF MONEY, Otherwise than at Sight r on demand,
and for each renewal ot the same, for a sum not exceeding one hundred dollars, two cents; and for each additional one hundred dollars
or fractional part thereof in excess of one hundred dollars, two cents.
" Five. Bill of exchange (foreign) or letter of credit (including
orders by telegraph or otherwise for the payment of money issued by
express or other companies or any person or persons), drawn in but
payable out of the United States, if drawn singly or otherwise than In
a set of three or more, according to the custom of merchants and
bankers, shall pay for a sum not exceeding one hundred dollars, two
cents, and for each one hundred dollars or fractional part thereof in
excess of one hundred dollars, two cents. If drawn in sets of two or
more: For every bill of each set where the sum made payable shall
not exceed one hundred dollars, or the equivalent thereof, in any foreign currency in which such bill may be expressed, according to the
standard of value fixed by the United States, one cent; and for each
one hundred dollars or fraotlDiiai part thereof in excess of one hundred dollars, one cent. Excepting that bills of exchance drawn
against the value of products or merchandise actually exported to
foreign countries shall not be subject to this tax, provided that such
bills of exchange shall be accompanied by proper invoices, and receipts, bills of lading, or vouchers, showing that goods of a value at
least equal to the amount for which said bill of exchange may be
drawn shall have been exported.
" Six
Freight: It shall be the duty of every railroad or steamboat
company, carrier, or corporation, or person whose occupation is to act
as such, except persons, companies, or corporations engaeed iu carrying on a local or other express business, to issue to the shipper or
consignor, or his agent, or person from whom any goods are accepted
for transportation,' a bill of lading, manifest, or other evidence of receijit and forwarding for each shipment received for carriage and
transportation, whether in bulk or in boxes, bales, packages, bundles,
or not so inclosed or included; and there shall be duly attached and
canceled, as is in this Act provided, to each of said bills of lading,
manifests, or other memorandum, and to each duplicate thereof, a
stamp of the valne of one cent: Provided, That but one bill of ladlne
shall be required on bundles or packages of newspapers when inclosed
iu one general bundle at the time of shipmeut. Any failure to issue
such bill of lading, manifest, or other memorandum, as herein provided, shall subject such railroad or steamboat company, carrier, or
corporation, or person to a penalty of liity dollars for each ortense,
and no such bill of lading, manifest, or other memorandum shall b«
used in evidence unless it shall be duly stamped as aforesaid.
"Seven. Bond: For indemnifying any person or pertons, firm, or
corporation, who shall have become bound or engagtd as surety for
the payment of any sum of money, or for the due execution or performance of the duties of any office or position, and to account for
money received by virtue thereof, fifty cents.
"Eight. Certificate of profits, or any certificate or memoraur
dum showing an interest In the property or accumulations of any asaotracts, agreements, trades, or transactions shall

i

;

THE (JHKOMCLE.

486

company, or corporation, and on all transfers thereof, on each
one hundred dollars of face value or fraction thereof, two cents.
"Nine. Contkact: Broker's note, or memorandum of sala of any
elation,

goods or merchandise, stoohs, bonds, exchange, notes of hand, real es
tate, or proiierty of any kind or description issued by broker*", or persons actioR an such, for each note or memorandum of sale, not otherwise provided for in this Act, ten cents.
"Ten: Oonvktance: Deeds, Instruments, or writing, whereby any
lands, tenements or other realty shall be sold, granted, assigned, transferred, or otherwise conveyed to or vested In the purchaser or purchasera. or any other person or persons, by his. her. or their direction, when
the consideration or value exceeds twenty five hundred dollars and
does not exceed three thousand dollars, twenty-five cents, and for
each additional five hundred dollars or fractional part thereof In excess of three thousand dollars, twenty-five cents.
"Eleven. Entry of anv goods, wares, or merchandise at any Custom-house, either for consumption or warehousing, not exceeding one
hundred dollars In value, twenty-five cents. Exceeding one hundred
dollars and not exceeding live hundred dollars in value, fifty cents.

Exceeding five hundred dollars In value, one dollar.
"Twelve. Entry for the withdrawal of any goods or merchandlfe from customs bonded warehouse, fifty cents.
"Thirteen. Passage Tickets: Ticket order, contract, or certificate
for pasaase by any vessel from any port In the United States to a for
eign port, costin« fifty dollars, fifty cents; and for each fifty dollars
or any part thereof in addition thereto, fifty cents."

SCHEDULE
Sec. 9. That Schedule
as to read as follows:

B

of said

"SCnEDULE

B.

Act

is

hereby amended so

B.

F "Sparkllnc

or other wines, when bottled for sale, upon each bottle
oontaining one pint or less, one cent. Upon each bottle containing
more than one pint, two cents."

IiEGAClES

AND DISTKIBUTIVR SHARES OF PEK<
SONAIi PKOPERTY.

Sec. 10. That Section Twenty-nine of said Act is hereby
at the end of said section the following:
"Provided, That nothing in this section shall be construed
to apply to bequests or legacies for uses of a religious, literary, charitable or educational character, or for the encouragement of art, or to legacies or bequests to societies
for the prevention of cruelty to children, including all bequests or legacies of such character on which the tax im
Sosed had not been paid or collected on the first day of
[arch, 1901: And provided further: That the provisions of
this Act and the Act hereby amended shall not be held to
apply to any estate where tbe testator or intestate died before June 13, 1898," so that said section as amended shall
read as follows"LEGACIES AND DISTRIBUTIVE SHARES OF PERSONAL PROPEBTY.
"See. 29. That any person or persons having in charge or trust, as
administrators, executors, or trustees, any legacies or distributive
shares arising from personal property, where the whole amount of
snch personal property as aforesaid shall exceed the sum of ten thousand dollars in actual value, passing, after the passage of this Act,
from any person possessed of such property, either by will or by the
Intestate laws of any State or Territory, or any personal property or
interest therein, transferred by deed, grant, bargain, sale, or gift,
made or Intended to take effect io possession or enjoyment after the
death of the grantor or bargainer, to any person or persons, or to any

amended by adding

-

body or bodies, politic or corporate. In trust or otlierwise, shall be,
and hereby are, made subject to a duty or tax, to be paid to the
United States, as follows— that is to say: Where the whole amount of
Bald personal property shall exceed in value ten thousand and shall
notexceed in value the sum of twenty-flve thousand dollars, the tax
shall be:
"First, Where the person or persons entitled to any beneficial interest in such property shall be the lineal issue or lineal ancestor,
brother, or sister to the person who died possessed of such property,
as aforesaid, at the rate of seventy-five cents for each and every
hundred dollars of the clear value of such interest in such property
"Seconi.
Where the person or persons entitled to any henetiolal
Interest in such property shall be the descendant of a brother or
Bister of the person who died possessed, as aforesaid, at the rate of
one dollar and fifty cents for each and every hundred dollars of the
clear value of such interest.
"Third. Where the person or persons entitled to any beneficial interest in such property shall be the brother or sister of the father or
mother, or a descendant of a brother or sister of the father or mother,
of the person who died possessed, as aforesaid, at the rate of three
dollars for each and every hundred dollars of the clear value of such
Interest.
• Fourth.
Where the person or persons entitled to any beneficial interest la such property shall be the brother or sister of tlie grandfather or };raiiiimoiher of a descendant of the brother or sister of the
grandfather or grandmother of the person who died possessed. as aforesaid, at the rate of four dollars for each and every hundred dollars of
the clear value of such interest.
"Fifth. Where the person or persons entitled to any beneficial interest in such property shall be in any other degree of collateral consanguinity than is hereinbefore stated, or shall be a stranger in blood
to the person who died nossessed, as aforesaid, or shall be a body
politic or corporate, at the rate of five dollars tor each and every hundred dollars of the clear value of such interest: Provided, That all
legacies or property passing by will, or by the laws of any State or
Territory, to husband or wife of the person who died possessed, as
aforesaid, shall be exempt from tax or duty.
"Where the amount or value of said property shall exceed the sum
of twenty-five thousand dollars, but shall not exceed the sum or value
of one hundred thousana dollars, the rates of duty or tax above set
forth shall be multiplied by one and one-half; and where the amount
or value of said property shall exceed the sum of one hundred thou
sand dollars, but shall not exceed the sum of five hundred thousand
dollars, such rates of duty shall be multiplied by two; and where the
amount or value of said property shall exceed the sum of five hundred thousand dollars, but shall not exceed the sum of one nQillion
dollars, such rates of duty shall be multiplied by two and one-half
and where tbe amount or value of said property shall exceed the
Bum of one million doll-irs, such rates of duty shall be multiplied by
three: Piovided, That nothing In this section shall be construed to
apply to bequests or legacies for uses of a religious, literary, charitable, or educational character, or for the encouragement of art, or
to legacies or bequests to societies for the prevention of cruelty to
children, including all bequests or legacies of such character on
which the tax impr sed had not been paid or collected on the first day
of March, nineteen hundred and one. And provided further, Tliat
the provisions of this Act and of the Act hereby amended shall not be
held to app'y to any estate where the testator or intestate died before
June thirieenth, eighteen hundred and ninety-eight."

Sec. 11. That section thirty of said Act is hereby amended
so as to read as follows:
"Sec. 30. That the tax or duty aforesaid shall be due and payable
in one 3 ear after the death of the testator and shall be a lien and

[Vol. LXXII.

charge upon the property of every person

who may

die as aforesaid

twenty years, or until the same" shall, within that period, be fully
paid to and discharged by the United State'; and every executor, administrator, or trustee having in charge or trust a y legacy or distribfor

utive share, as aforesaid, shall give notKse thereof, in writing, to the
collector or deputy collector of the district where the deceased grantor
oi barKaiher last resided within thirty days after he shall have taken
charge of such trust, and every executor, administrator or trustee, before payment and distribution to the legatees, or any parties entitled
to beneficial interest therein, shall pay to the collector or deputy collector of the district of which the deceased person was a resident, or
In which the property was located in case of non-residents, the amount
of the duty or tax assessed upon such legacy or distributive share, and
shall also make and render to the said collector or deputy collector a
schedule list, or statement, in duplicate, of the amount of such legacy
or distributive share, together with the amount of duty which has accrued, or shall accrue, thereon, veritled by his oath or affirmation, to
be administered and certified thereon by some magistrate or offloer
having lawful power to administer such oaths, in such form and manner as may be prescribed by the Commissioner of Internal Revenue,
which schedule, list, or statement shall contain tue names of each and
every person entitled to any beneficial interest therein, together with
the clear value of such interest, the duplicate of which schedule, list,
or statement shall be by htm immediately delivered, and the tax
thereon paid to such collector; and upon such payment and delivery of
such schedule, list, or statement, said collector or deputy collector shall
grant to such person paying such duty or tax a receipt or receipts for
the same in duplicate, which shall be prepared as hereinafter provided. Such receipt or receipts, duly signed and delivered by such collector or deputy collector, shall be sufficient evidence to entitle snch
executor, administrator, or trustee to be credited and allowed such
payment by every tribunal which, by the laws of any State or Territory, is, or may be, empowered to decide upon and settle the accounts
of executors and administrators. And in case such executor, administrator, or trustee shall refuse or neglect to nay the aforesaid duty or
tax to the collector or deputy collector, as aforesaid, within the time
hereinbefore provided, or shall neglect or refuse to de'lver to said collector or deputy collector the duplicate of the schedule, list, or statement of such legacies, property, or personal estate, under oath, as
aforesaid, or shall neglect or refuse to deliver the schedule, list,
or statement of
saoh legacies, property or personal estate,
under oath, as afores;iid, or shall deliver to said collector or deputy
collector a false schedule or statement of such legacies, property, or
personal estate, or give the names and relationship of the persons entitled to beneficial interests therein uatruly, or shall not truly and
correctly set forth and state therein the clear value of such beneficial
interest, or where no administration upon such prop-^rty or personal
estate stiall have been granted or allowed under existing laws, the
collector or deputy collector shall make out such lists and valuation
as in other cases of neglect or refusal, and shall assess the duty thereon; and the collector shall commence appropriate proceedings before
any court of the United States, in the name of the United States,
agiiinst such person or persons as may have the actual or constructive custody or possession of such property or personal estate, or any
part thereof and shall subject such pr^iperty or personal estate, or any
portion of the same, to be sold upon the judgment or decree of such
court, and from the proceeds of such sale the amount of snch tax or
duty, together wita all costs and expenses of every description to be
allowed by such court, shall be first paid, and the balance, if any, deposited according to the order of such court, to be paid under its direction to such person or persons as shall establish title to the same.
The deed or deeds, or any proper conveyance of such property or personal estate, or any portion thereof, so sold under such judsmentor
decree, executed by the officer lawfully oharired with carrying the
same into effect, shall vest in the purchaser thereof all the title of the
delinquent to the property or personal estate sold under and by virtue of such judgment or decree, and shall release every other portion
of such properi:.y or personal estate fr .m the lien or charge tuereon
created by this Act. And every person or persons who shall have in
his possession, charge or custody any record, file or piper containing,
or supposed to contain, any information concerning such property or
personal estate, as aforesaid, passing f ro n any person who may die,
as aforesaid, shall exhibit the same at the request of the collector or
the deputy collector of the district, and to anv law officer of the
United States, in the performance of his duty under this Act, his deputy or agent, who may desire to examine the same. And If any such
person, having in his possession, charge or custody any such records,
shall refuse or neglect to exhibit the same
files or papers,
on request, as aforesaid, he shall forfeit and pay the sum
of five hundred dollars: Provided, That in all legal controveror tiHe shall be the subject of judicial
sies where such deed
investigation, the recital in said deed shall be prima facie evidence of
its truth, and that the r. quirements of the law had been complied
with by the officers of the Government: And provided further. That
in case of wilful neglect, refusal, or false statement by such executor,
administrator, or trustee, as aforesaid, he shall be liable to a penalty of
not exceeding one thousand dollars, to be recovered with costs of suit.
Anv tax paid under the provisions of sections twenty-nine and thirty
shall be deducted from the particular legacy or distributive share on
account of which the same is charged."

Sec. 12. That from and after the pas-age of this Act the
Secretary of the Treasury, upon the recommendation of the
Commissioner of Internal Revenue, is authorized to appoint
a competent person, at an annual salary of three thousand
dollars, whose special duty it shall be to conduct such investigations as may be necessary to secure the efficient enforcement of the tax imposed upon legacies and distributive
shares of personal property by this Act, and the Commissioner of Internal Revenue may also from time to time assign one or more special agents to aid in such investigations.

MIXED

FliOUK.

five of said Act is hereby
so as to read as follows:
"Sec. 35. That for the purposes of this Act, the words mixed flour'
shall be taken and construed to mean the food product resulting from
the grinding or mixing together of wheat, or wheat fiour, as the principal constituent in quantity, with any other grain, or the product of
any other grain, or other material, except such material, not exceeding five per centum in quantity, and not the product of any grain, as
is commonly used for bauing piirposes: Provided, that when the product resulting from the grinding or mixing together of wheat or wheat
flour with any other grain or the product, of any other grain of which
wheat or wheat flour is not the principal constituent as specified In
the foregoing definition, is intended for sale, or is sold, or offered for
sale as wheat flour, such product shall be held to be mixed flour within tbemeatiagof this Act."

Sec. 13.

That section thirty

amended

'

TAX ON TELEGRAPH MESSAGES REPEALED.

Sec. 14.
pealed.

That section eighteen of said Act

ACT IN EFFECT JULY

1,

is

1901.

hereby

re-

.

Sec. 15. That the provisions of this Act shall take effect
on and after the first day of July, nineteen hundred and

one, except

where otherwise expressly provided.

Approved March

2nd, 1901.

March

THE CHRONICLE.

1901,]

9,

READI'^G

4R7

COMPANY.

JERSEY CENTRAL COLLATERAL TRUST DEED DATED APRIL 1,
OP FOUR PER CENT GOLD BONDS.

1901,

SECURING

$15,000,000

PARTIES.

REGISTERED BONDS.

Reading Company of Pennsylvania, party of the first
Eart, and The Pennsylvania Company for Insurances on
(hereinafter called the
iiVES & Granting Annuities

The deed of ttust provides also for the i.ssiie without
coupons of registered bonds of the denomination of $1,000,
or such multiples thereof as the company may from time to
time determine.

Trustee), party of the second part

:

SECURITIES PLEDGED.

PREAMBLE.

Whereas, Upon

the Reading Company
agreed to purchase 145,000 shares of the capital stock of the
Central RR. Co. of New Jersey, and in part consideration
thereof to execute this purchase money collateral indenture
to secure a present issue of bonds for the aggregate principal
sum of $33,000,000, with tiie right by a pledge of additional
shares of capital stock of the Central RR. Co. of New Jersey
to issue additional bonds in payment thereof, to wit:

Jan.

7,

1901,

[FORM OF CODPON FOUB FEB CENT GOLD BOND
No.

J

$1,COO

UNITED STATES OF AMERICA.
READING COMPANY.

Jerbist Cknthivl Collateral 4% Coupon Gold Bond.
Know all men by these presents, Tliat Reading Company, a
corporation of tne State of Pennsylvania, for value received, promises to pay to the bearer, or If registered to the registered holder of
this bond, one thousand dollars. In Gold Coin of the United atates of
America, on the first day of April, 19.51, at the oftioe of the Reading
Company in the City of Philadelphia. Penn.,or its agency in the
City of New York, and to pay interest thereon at the rate of four per
rent per annum from April 1, 1901, payable semlannually.at the said
olHoe or agency In like Gold Coin on the first day of April and the first
day of October In each and every .year until the payment of said prln
• olpal sum, on presentation and surrender, as severally
they shall mature, of the coupons therefor annexed hereto; Uulted States Gold
Coin in every case to be of the standard of weight and fineness as It
existed April i, 1901.
Both the principal and Interest of thlsbondare payable without deduction for any tax or taxes whl( h the Reading Company or the Trustee may bo required to pay or to retain thereirom, under any present
or future law of tlie United States, or of any State or county or municipality therein.

This bond is one of a series of tour per cent Gold Bonds (coupon
and registered of the Reading Company, issued and to be issued, tor
an aggregate principal sum of Twenty-three Million Dollars, under
and In pursuance of and all equally securf^d by a Collateral Indenture dated April 1. 1901, executed by the Reading Compauy to The
Pennsylvania Company for Insurances on Lives and Q-autlng Annui
ties, as Trustee, pledging one hundred and forty five thoasand shares

of the Caplial Stock of the Central Railroad Co. of New Jersey, being a
naajority of the whole capital stock of sild company; Twentv-cin<^
thousand and nine hundred shares of the Capital Stock of the Perkiomen Railroad Company, being the entire capital s ock of the Perkiomen Railroad Company, less one hundred sh»res retained for corporate organization, and Four thousand four hundred shares of the Caoital Stock of the Port Reading Railroad Compauy; the certificates for
which have been or shali be delivered to the Trustee pursuant to said
Collateral Indenture, to which reference la hereby [made for a stitementof the property pledged, the nature and extent of the security.
the rights of the holders of said bonds, and the terms and conditions
upon which c aid bonds are issued and secured; the officers, dlrecicis
and stockholders of the Reading Company being expressly exempteci,
relieved and absolved from any and all personal liability In respect of
said bonds, all such liability being hereby expresslv waived. The rljjht
Is reserved to increase the issue of said bonds for the purpose of
acquiring additional shares of said Capital Stock of the Central Railroad Company of New Jersey, as provided In said Collateral Indenture.
On the first day of April, 190«, or at any interest paying rerlod thereafter, the Reading Company shall have the right to nay off or redeem
this bord at par and accrued interest, together with a premium of 5
per centum ; provided six mouths' notice of such payment or redemption be giver, in the manner set forth In the Collateral Indenture.
Thl8 bond shall pass by delivery, unless registered In the owner's
name on the books of the Reading Oompan.v, at Its office in the City
of Philadelphia, or ai Its agency in the City of New York, such
registry being noted on the bond by an officer of the Company or Its
transfer agent. After such registration no transfer shall be valid
unless marie on the Reading Company's books by the registered
owner, and similarly noted on the bond; but the same may be discharged from registry by being transferred to bearer, and thereafter
transferability by delivery shall be restored, but this bond may again
from time to time be registered or transferred to bearer as before.
Such registration, however, shall not afleet the negotiability of the
coupons, which shall continue to be transferable by delivery merely.
The holder also, at his option, may surrender for cancellation this
bond with the coupons for future interest thereon. In exchange for a
registered bond without coupons, upon payment of the charge therefor, as provided in said Indenture.
This bond shall not become oi)ligatory for any purpose until It shall
have been authenticated by the certificate hereon Indorsed, of the
Trustee under said Indenture.
In witness whereof, the Reading Companv has caused these
presents to be signed by it* President, or one of Its VlcePresidents,
and Its corporate seal to be hereunto afllxed, and to be attested by
Its Secretary, or an Assistant Secretary, and coupons for such interest, with the engraved signature of Us Treasurer, to be attached
hereto, this first day ot.Anrll. 1901.
[t"
.

Reading Company,
By

8]

,

,

Attest:

[FORM of interest COUPON, OK WHICH THE FIRST

PAYABLE

No.

On

the.flrst

President.

Secretary.

will

TO BE

S20

day of

Reading Company

IS

OCT. 1, 1901.]

pay

00.

to bearer, at its offloe In Philadelphl.i, Pa.,

or agency in the City of New York, N. Y., Twentv Do lars, In United
States Gold Coin of the standard existing April 1, 1901, without deduction for taxes, being six months' Interest then due on Its Jersey
Central Collateral Four Per Cent Gold Bond, No.
Treasurer.
[form of trustee's certificate.]
This bond is one of the series of bonds described in the withln-noen
tloned Indenture, executed by Reading Company to the undersigned
as Trustee.

the PENNSYLVANIA COJIPANY FOR INSURANCES ON LIVES AND
GRANTING ANNUITIES,
Trustee.

By

Now,

therefore, this Indenture %vitne.sseth That in order
to secure the payment of the principal and interest of all
such bonds at any time issued and outstanding under this
indenture, the Reading Company, in consideration of the
premises, and of the sum of one dollar dul}- paid to it by the
trustee, has pledged unto the trustee, its successors and
assigns forever, the following shares of capital stock, viz.:
Amouttl
X Total
I'ledtjed.
CapVal fi'ock.
Issue.
Central RR. of New Jersey
$14, .500,000 yfaV.^ig.SOO
l,49.'i,000
Perkloraeii RR.
1,600.(00
2,C 00,000
Port Reading RR
440,000
:

X

Supplied, not in mortgage.— Ed.
is the present outstanding Issue, which will probably be in'
crea»ed to about '$^7, S02, 000 through conversion of convertible bonds
due In 1908.

yThls

Also all property of every name and nature, from time to
time hereafter, for the purposes hereof assigned by the
Reading Company, to the trustee.
But in trust, nevertheless, for the equal and proportionate
benefit and security of all present and future holders of the
bonds and interest obligations issued and to be issued under
and secured by this indenture.

ARTICLE ONE
ISSUE OF BONDS LIMITED TO $15.000,C00.
Section l. The aggregate amount of the bonds issued
and outstanding under ttiis IndenLura shall never at any
one time exceed the principal sum of .$45,000,000.
PRESENT ISSUE LIMITED TO |$23,O0O,OO0.
Sec. 2. Of the authorized issue, bonds to the amount of
$23,000,000 shall immediately upon the execution hereof be
certified and delivered to the Reading Company.

BUNDS SUBJECT TO CALL FOR PAYMENT ATir5 ON APRIL
1, 1906, OR ASY INTEREST DAY THEREAFTER.
Sec 3. The Reading Company reserves the right on April
any subsequent interest-paying perio3, to pay
and redeem the bonds issued hereunder, at par and accrued interest together with a premium of 5 per cent; provided that six months' notice thereof shall be given to the
Trustee, and the Trustee shall cause to be published in New
York and in Philadelphia, once a week for six successive
weeks, a notification to all bondholders that on the day
therein designated the said bonds will be paid as aforesaid.
$2 .',000,000 BONDS ISSUABLE ONLY' TO PURCHASE ADDI1,

1906, or at

off

TIONAL STOCK OF CENTRAL RR. OF NEW JERSEY
AT NOT EXCEEDING $160 PER SHARE.
Sec. 4. The remainder of such authorized issue shall be

delivered by the Trustee only for the acquisition of additional shares of the capital stock of the Central RR. Co. of
New Jersey at a price not in any case to exceed §160 per
share and the additional bonds shall be received in payment
of the purchase price of said shares at the rate of not less
than $975 for each $1,000 of the purchase ])rice of said shares.

MINORITY STOCKHOLDERS TO HAVE NO RIGHT TO DEMAND
EXCHANGE OF STOCK FOR BONDS.
Sec. 5. Nothing in this Indenture shall be construed to
give to any person other than the parties hereto and the
holders of bonds secured by this Indenture any claim under
any provision herein contained.

ARTICLE TWO.
INTEREST AND PRINCIPAL TO BE PAID PUNCTUALLY,

TAX FREE.
Section 1. Duly and punctually the Reading Company
will pay the principal and interest of every band secured
hereunder, without deduct ion for any tax or stamp duties imposed by the United States, or any State, County or Municipality thereof, which the Reading Company may be required to pay, or to retain therefrom, by reason of any
present or future law.

PRIOR LIEN OBLIGATIONS ALSO TO BE PAID PaOMPTLTSimilarly the Reading Company will pay the jirincipal and
interest of every bond or obligation at any time having a
lien superior to the lien hereof, and in like manner every
company a majority of whose shares are pledged hereunder
duly and punctually will pay the principal and interest of
every obligation on. or affecting, any of its property.
DEEDS OF FURTHER ASSURANCE.
Sec. 3. Whenever demanded by the Trustee, the Reading Companv will cause to be executed all such deeds supplemental hereto for the better assuring unto the Trustee of
the property hereby conveyed as the Trustee shall reasonably require for better accomplishing the purposes of this
Indenture.

:

THE CHRONICLE.

488
REQISTRA.TION OF BONDS.

Sec.
tained

LXXn.

[Vol.

thereon at the rate of 4 per cent per annum; such payments to be

ratably to the persons entitled thereto, without discrimination
The Reading Company, at an office to be main- made
or preference.
in
by it in the City of Philadelphia, or an agency
In case the principal of the bonds hereby secured shall have become

3.

New York, will keep a sufficient register or due, by declaration or otherwise, to the payment, first, of the interest
default (with interest on the overdue Instalments thereof at the
bonds issued hereunder, which registers at all in
rate of 4 per cent per annum) in the order of the maturity of the inreasonable times shall be open to the inspection of the stalments, and, second, to the payment of the principal of all bonds
Trustee, and upon presentation the company will, under hereby secured; in every instance such payments to be made ratably
the City' or
registers of

sxich reasonable regulations as it may prescribe, register
therein any registered or coupon bonds issued under the provisions hereof; but the registration of any coupon bond shall
not restrain the negotiability of any coupon thereto belonging.
Whenever any coupon bonds shall be surrendered for exchange for registered bonds, Reading Company shall issue
in place thereof registered bonds without coupons, such
registered bonds to be for $1,000, or such multiples thereof as the Reading Company shall from time to time de-

termine

Whenever any registered bond shall be surrendered for
exchange for coupon bonds, Reading Company shall issue
for such registered bonds a like amount of coupon bonds.
In every case of such exchange the Trustee forthwith shall
cancel the surrendered bond.

For any exchange of coupon bonds for registered bonds
and for any transfer of registered bonds without coupons,
or for any exchange of registered bonds for coupon bonds,
Reading Company, at its option, may make a charge not
exceeding one dollar; but no charge shall be made for
registration of the principal of coupon bonds.
BONDS MUTILA-TED OR DESTROYED MAY BE REPLACED.
In case any bonds issued hereunder shall become mutil
ated or be destroyed. Reading Company, in its discretion,
may issue a new bond of like tenor and date, bearing the
same serial number, upon cancellation of the mutilated
bonds and upon receipt of satisfactory evidence of the destruction of the bonds, together with satisfactory indemnity.
PAYMENT OF TAXEd.
Sec. 4. If anj' company of whose capital stock the greater
part shall have" been pledged hereunder shall fail to pay its
taxes and assessments, lawfully imprsed, then the Reading
Company, upon request in writing by the Trustee, or by
the holders of 10 per cent in amount of the bonds hereby
secured and then outstanding, itself will pay the same.
PROVISIONS PROTECTING VALUE OF STOCKS PLEDGED.
Sec. 5. Except subject to the lien and provisions hereof,
the Reading Company will not sell, encumber or part with
its ownership of any shares of stock which shall have been
pledged hereunder or the voting power thereof and it will
exercise its voting power thereon in such manner that it
;

shall retain in itself the rights of a majority stock holder of
every company the greater part of whose capital stock
shall be pledged hereunder.
As such holder of such stock it will not permit any increase of the capital stock of any such company.
Except as herein otherwise expressly provided, the Reading Company will not permit any company of whose capital
stock the greater part shall be pledged hereunder, to sell or
otherwise dispose of its property or to lease the same (unless
such lease be terminable hereunder by entry of the Trustee
or bj' sale of the Trustee, or pursuant to judicial proceedings) except to the Reading Company or to some other
company of whose capital stock not less than 90 per cent
shall be held by the Reading Company.

ARTICLE THREE.
READING COMPANY TO RECEIVE INCOME FROM STOCKS
PLEDGED UNLESS RECEIVER IS APPOINTED.

to llie persons entitled to such

payment without any discrimination or

preference.

DEFAULT-HOLDERS MAY HAVE PRINCIPAL DECLARED DUEIn case of default for six months in the payment
interest on any bond hereby secured, then, upon the
written request of the holders of a majority in amount of
the bonds then outstanding, the Trustee, by notice in writing delivered to the Reading Company, shall declare the
principal of all bonds then outstanding to be due and payable immediately. But if, at any time thereafter, all arrears of interest upon all such bonds, with interest at the
rate of 4 per centum per annum on overdue instalments of
interest, shall be paid, or be collected out of the mortgaged
premises before any sale of the mortgaged premises shall
have been made, then the holders of a majority in amount
of the bonds hereby secured then outstanding, by written
notice to the Reading Company, and to the Trustee, may
Sec.

3.

any

of

waive such default and

its

consequences.

DEFAULT -TRUSTEE MAY] SELL SHARE 3 AT AUCTION.
Sec. 4. In case of default as provided in Sec 2 of this
Article Four then' in every such case the Trustee, in its discretion, (aj may sell to the highest and best bidder all and
singular the pledged shares of stock at public auction or
ChJ may proceed to enforce the rights of the bondholders
by suits in equity or at law, whether for the specific performance of any covenant contained herein, or for the foreclosure of this Indenture, or for the enforcement of any
other appropriate legal or equitable remedy, as the Trustee,
being advised by counsel learned in the law, shall deen>

most

effectual.

PER CENT IN INTEREST OF BONDS MAY REQUIRE ACTION,
AND 75 PER CENT MAY CONTROL PROCEEDINGS.
Sec. 5. Upon the written request of tbe holders of 25 per
cent in amount of the bonds hereby secured, in case of any
25

such continuing default, it shall be the duty of the Trustee,
upon being indemnified against expenses, to take all steps
needful for the enforcement of the rights of the holders of
the bonds as the Trustee, being advised by counsel learned
in tbe law, shall deem most expedient; bvit 75 per cent
in amount of the bonds then outstanding shall have the
right to direct the method and place of conducting all proceedings for any sale of the premises hereby conveyed, or
for the foreclosure of this Indenture, or for the appointof a Receiver or of any other proceedings hereunder.

ment

Sec. 6-18.

PROVISIONS RESPECTING SALE, ETC.
The proceeds of any such sale shall be applied

as follows
First. To the payment of the costs of such sale, including a reasonable compensation to the Trustee, and of all expenses and advances
made orincurred by the Trustee in managing the property hereby conveyed, and to the payment of all taxes, assessments or liens prior to
the liens of these presents, except any taxes, assessments or other
superior liens to which such sales shall have been made subject.
Second. To the payment of the whole amount then owing or unpaid
upon the bonds hereby secured for principal and interest, with interest
at the rate of 4 per cent per annum on the overdue instalments of
interest, ratably without preference or priority of principal over
interest, or of interest over principal.

Sec.

WAIVER OF STAY, EXTENSION, ETC., LAWS.
15.
The Reading Company will not take the

benefit

any stay, extension, valuation or redemption law now
or at any time hereafter in force, to delay the execution of
the any power herein granted to the Trustee.

Until a receiver shall have entered into possession of
property of the Reading Company, it shall be entitled to receive all dividends on stock pledged hereunder, and to vote
upon all the shares of stock pledged hereunder for all purposes not inconsistent with the purposes of this Indenture.

ARTICLE FOUR.
PROVISION TO PREVENT "PURCHASE" OF COUPONS.
Section 1. No matured coupon transferred or pledged
apart from the bond to which it relates shall be entitled, in
case of a default hereunder, to any benefit from this Indenture, except after the prior payment in full of the principal
and interest not so transferred or pledged.
DEFAULT FOR SIX MONTHS, TRUSTEE MAY EXERCISE CONTROL OF STOCKS PLEDGED.
Sec. 2. In case (1) of default for six months in the payment of interest on any bond or bonds secured hereby, or in
case (2) of default in the punctual payment of the principal
of any bond hereby secured, or in case (3) of default by the
Reading Company in the performance of any other cove
nant herein contained, and such last-mentioned default
shall continue for six months after written notice thereof
from the Trustee or from the holders of 20 per cent in
amount of the bonds hereby secured, then and in every

may vote the shares of stock hereby
pledged, and exercise any and every corporate power belonging or pertaining to the ownership of the shares of Capital Stock to manage and control the several corporations
whose stock is pledged hereunder; and all dividends or revenue arising therefrom shall be applied as follows
In case the principal of the bonds hereby secured shall not have besuch case the Trustee

:

due, to the payment of the interest in default, in the order
Of the maturity of the Instalments of such interest, with interest

come

of

ARTICLES FIVE AND

SIX.

These articles provide for the immunity from liability of
the company's officers, directors and stockholders, and for
bondholders' instruments.

ARTICLE SEVEN.
TRUSTEES-REMOVAL BY 75 PER CEN TIN INTEREST OF THE
BONDS-APFOINTMEN T BY A MAJORIfY.
Section 1. The Trustee shall not be answerable for anything whatever in connection with this trust except wilful
misconduct or gross negligence.
The Trustee may be removed at any time by an instrument in writing under the hands of holders of three-quarters in amount of the bonds hereby secured and then outstanding.
Sec. 3. In case at any time the Trustee shall resign or
shall be removed or otherwise shall become incapable of
acting, a successor or successors may be appointed by the
holders of a majority in amount of the bonds hereby secured,
then outstanding, by instruments duly signed provided,
nevertheless, that the Reading Company, by an instrument
executed by order of its Board of Directors, may appoint a
Trustee to fill such vacancy until a new Trustee shall be
appointed by the bondholders as herein authorized. Thereupon the Reading Company shall publish notice of such appointment for six successive weeks in New York and Philadelphia, and any new Trustee so appointed by the Reading
Company shall immediately be superseded by a Trustee appointed in the manner above provided by the holders of a
majority in amount of the bonds hereby secured prior to
the expiration of one year after such publication of notice.
;

March

THE CHRONICLE.

1901.]

9,

489

PENNSYLVANIA RAILROAD COMPANY.
FIFTY-FOURTH ANNUAL REPORT—FOR THE YEAR ENDING DECEMBER
The Pennsylvania Railroad Cosipany.
General Office, Bboad Street Station,
Philadelphia, 5th Marcli, 1901.

)
>

3

The Board of Directors submit herewith to the Stockliolders of The Pennsylvania Railroad Company a synopsis
of their Annual Report for the year 1900:
The grosa earnliifjs of the four grand divisions east of
Pittsburg and ]Orie, embracing tlio Main Line, United
Railroads of Now Jersey, Philadelphia
road, Allegheny Valley and Western

& Erie KailNew York &

Pennsylvania Railways, and Branches thereof, were $88,539,827 21
58,099,206 02
Expenses

Net earnings
To which add:

$30,440,021 19

Interest from investments
$5,781,297 30
Rentiil of equipment, and other Items.
709,848 19

31,

1900.

to the fact that the sinking fund for the issue of
£1,000,000 sterling of these securities made in 18S.5 became
operative during the year. Thirty thousand dollars of these
bonds were purchased and canceled, and this reduction in
your funded debt appears in the balance sheet. The remainder of the sum was placed to the credit of the trustees
for investment under the terms of the mortgage. There are
now .$7,011,544 73, in securities and cash in the fund for the
redemption of the bonds.
Under the provisions of the four per cent Equipment Trust
Gold Loan, there was paid to the trustee during 1900, for
the sinking fund, the sum of $136,400. The trustee was unable to obtain any of the bonds at the price fixed in the
lease, and, in accordance with the terms thereof, the whole
amount has been invested in additional equipment.

owing

6,491,145 49

Gross income
Deduct:

$3e,931,76G 68

Rentals, leased and operated roads.. ..$12,224,520 34

Intereston funded debt

4,267,538 73

Interest on mortgages and ground
rents, car trusts, taxes, &c

3,162,176 90

SECURITIES OF OTHER CORPORATIONS.
The entire cost of the .securities of! ether corporations
held by your Company is $164,965,438 20. The direct revenue received therefrom is $.3,781,297 30, which amounted to
3J^ per cent upon their cost.

19,654,235 97

Net income.
$17,277,530 71
From this amount the following deductions have been
made:
Payments account Sinking and Trust
Funds
$506,030 55
Extraordinary expenditures for revision ot grades and alignment,
abolition ot grade crossings, and
other improvements

6,540,785 34
7,046,815 89

Balance
Dividend of 6 per cent

$10,230,714 82
8,7ol,170 75

Balance transferred to Extraordinary Expenditure
Fund to complete work already authorized in revising grades, &c

$1,449,544 07

Amount to

credit of profit and loss Deo. Slst, 1899
$22,380,733 60
Profit realized from sale of securities,
payment of past-due coupons, and adjustment of old claims
$3,957,175 66

Deduct:

Amount

transferred to

Extraordinary
Expenditure Fund
$1,550,455 93
Amounts advanced to
Coal and other Companies,

anl amounts

charged oS

in reduction of value of secur-

2,302,149 04

ities

3,852,604 97

104,570 69

Balance

to credit of profit

and

loss Dec. 31st,

GENERAL BALANCE SHEET.
December

1900

$22,485,304 29

(Condensed.;

31st, 1900.

CAR TRUSTS.
The outstanding certificates of Series "K" of the Pennsylvania Equipment Trust, having matured during the years
were paid and canceled. Tliis series covered 1.00'' box car,
sub-leased to the Pennsylvania Company, and 500 long gondolas sub-leased to the Philadelphia Wilmington & Baltimore Railroad Company, representing in all 1,500 cars and a
total cost of $887,000, but under the terms of these sub-leases
the final payments to the Pennsylvania Railroad Company
will not be made until November 1st, 1901.
A further issue of Car Trust securities was made, consisting of $7,764,000 of certiOcates of Series "C," "D," "E." '-F,"
'G," "H,"' "I," and "K." Pennsylvania Car Trust, bearing
interest at the rate of 3}4 per cent per annum. There will
thus be furnished for the Pennsylvania Railroad Company
1,069 gondolas, 4,000 box cars, and 500 steel gondolas; for the
Allegheny Valley Railway Co. 150 gondolas and 100 box cars;
for the Pennsylvania Company 1,000 long gondolas and 800
steel gondolas; and for the Pittsburg Cincinnati Chicago
& St Louis Railway Company 1,000 long gondolas and 200
steel gondolas; an aggregate of 8,819 cars.
The total number of Car Trust cars now in service is 28,670, and the Car Trust certificates outstanding December
31st, 1900, aggregate $15,600,000.
The number of tons of freight moved on the three grand divisions east of Pittsburg and Erie in 1900 was 104,814,040.
an increase of 4.114,003, or 4-09 per cent; the number of passengers was 40,635,224, an increase of 2,605,302, or 6*85 per
cent, as compared with 1899,
The other Railroad Companies east of Pittsburg and
Erie in which your Company is interested show satisfactory
results.
Detailed statements of their operations will be
found in their respective annual reports, as well as in the

Assets—
Dr.
Cost of road and equipment
$126,915,551 89
Cost of securities owned
165,098,748 20
Securities received with the lease of the U. N. J. RR.
& C. Go
3,283,462 25

full report of

Current Assets—
Due from controlled companies

Gross earnings on lines operated directly
Operating expenses

for ad-

vances for construction and other
purposes
....$3,959,887
Due from agents and superintendents.. 4,935,341
Bills receivable & miscellaneous assets. 3,476,689
Materials
4,741,863
Cash
10,723,748

80
10
87
45
27,837,530 00
10,183,635 49

^.
^ . Trust Fund
Sinking
Fund,
and Insurance Fund

Total

$333,318,928 43

Liabilities—
Or.
Capital stock
$151,502.2.=i0
Funded debt (including mortgages and ground rents). 88,633,.'S36
Collateral investment obligations
20,650,000
Guaranteed stock and bonds of the Harrlsburg Portsmouth Mt. Joy & Lancaster RK. Co
1,882,550
Securities received with the leaie of the U. N. J. RR.
& C. Co.
3,283,162
Extraordinary Expenditure Fund
3.000,000
ODRRENT LlAIlILITIES—

00

balances

Interest accrued, matured and uncollected,

and dividends

Due Saving Fund,

uncollected....
Relief Fund and In-

snrance Fund
Miscellaneous liabilities
.

Net income
$2,119,602 05
Deduct amount transferred to Extraordinary Expenditure Fund for renewal of equipment and other extraordinary expenditures
1,000,000 00

$5,063,624 49
1 12,693 96

25
00

Balance to credit of profit and loss Dec. 31, 1900

settlement of sundry old accounts..

PiTTSBURO Cincinnati Chicaco

A-

St.

$22,264,923 73
16,507,314 03

Expenses

Net earnings from operation
To which add:
Interest from investments, and on gen-

599 898 75
28,399,344 50
13,482,480 98
£2,485.304 29

$333,318,928 43

provisions of the consolidated mortgage of the
Company,' the annual amount set apart out of the net income for the redemption of the outstanding bonds secured
by that mortgage was increased bv the sum of $-18,210,

eral account
Miscellaneous income. Little Miami RR.

$5,176,318 45

Lonis Railway Company.

Gross earnings on lines operated directly

SINKING FUNDS.

Under the

Gross income
$9.717,e08 65
Deduct payments, rentals leased and operated roads,
interest on funded debt, ear trust payments, &c
7,':98,004 60

Amount realized in

2,86147197

Total

$7,401,598 59
2,316,008 06

00

1,718,609 39

,

$25,407,?62 28
18,005,963 69

$1,1 19,602 05
3,944,022 44

CO

12,239,279 74

c.
r,
Sinking
Funds and^.^
Trust Fund
Profit and Loss

Pennsylvania Company.

Amount transferred to credit of profit and loss for 1900.
Add amount to credit of profit and loss Dec. 31, 1899..

41

Pay rolls, vouchers & traffic balances.$10,980,084 65
Due controlled companies other than
traffic

PENNSYLVANIA LINES WEST OF PITTSBURG.

Net earnings from operation
Dividends and Interest on investments

38

o.

your Company.

$5,757,€09 70

$141,35162
99,S1S 77

241,170 39

$5,998,780 09
Gross Income
Deduct payments:
Rental, leased and operated roads
$1,105,960 64
Intereston funded debt
2,260,180 42
Interest on niortsa.ces and crouiid
rents, car trust payments, and other
charges

250,288 76
3,616,429 82

Net Income

$2,382,850 27

-

THE CHRONICLE.

490

^2~3S2,3do 27

Brought forward

From

wbicli the followinsr deiluctions have been made:
Extraordinary Expenditures in revis-

$690,600 67
ins erades and alisnmeuts, *o
Preniimn and discount in redemption
of PittslmrK Cincinnati

&

St.

Loois

Railway Company's consolidated
mortjrafro 7 per cent bonds through
the

issue

of

Chicago & St. Lonis Railway Company's consolidated mortgage S^s per
cent" bonds
Amount of net earnings applicable to
dividends, 4 p. c. on preferred stock..
Amount paid in settlement of sundrj'
accounts

Amount tranff erred to

credit of profit

and

232,916 02

907,670 00

3,42107

credit of profit

and

.
„^„ „^
1,834,607 76

loss for the

$547,742 51

ycai 1900

Amount to

loss Dec. 31,

1899

3,142.6 45 80

$3,690,388 31

Deduct premiums paid on
Indianapoli.s Railroad

Madison &
mortgage bonds

Jeffersonville

Company first

redeemed through Sinking Fund
Balanoetocreditof

profit

and

loss Deo. 31,

FUNDED

1900

25,527 16
$3,664,861 15

DEBT.

The 6 per cent second mortgage bonds of the Indianapolis
& Vincennes Railroad Company for $1,400,000, which
matured May 1. 1900, were purchased in your interest, and
temporarily extended at 'i% per cent pending a merger of
that road, on a proper basisT with other lines in your Western
System.

The consolidated mortgase bonds of the Pittsburg Cincinnati & St Louis Railway Company, which matured
August 1, 1900, were provided for through the issue of 33^
per cent series "E" bonds under the consolidated mortgage
of the Pittsburg Cincinnati Chicago & St. Louis Railway
Company. Of the bonds so maturing, all but $39,000 had
been presented for redemption at the close of the year. The
amount of consolidated mortgage bonds of the Pittsburg
Cincinnati Chi( ago & St. Louis Railway Company outstanding at that date was $34,687,000.
The arrangement referred to in the last Annual Report in
connection with the Cleveland Akron & Columbus Railway
having received the approval of the shareholders, the same
wascarri-d mto effect, and that property placed on a satis
factory financial basis. Through the creation of a First
Consolidated Forty-year 4 per cent Mortgage, under date of
August 1st, 1900, for $4,000,000, it^ iloating debt has been
funded, and a sufficient amount of these securities reserved
to retire its General Mortgage bonds and provide from time
to time for the necessary improvements and betterments to
the line.
The Consolidated Mortgage bonds of the Cleveland &
Pittsburg Railroad Company, which matured November
1st, 1900, having been paid, the General Mortgage bonds, of
which $8,828,000 are outstanding, are now the only lien upon
that property.
further issue was made February 1st. 1901, of Pennsylvania Company Forty-year Guaranteed 33>^ per cent Gold
Trust Certificates, in accordance with the agreement of September 1st, 1897, between that Company, the Pennsylvania
Railroad Company, and the Girard Trust Company, trustee.
This issue consists of $10,000,000 of Ser es "B" certificates,
making the entire amount now outstanding $14,950,000 of an
authorized issue of twenty millions. The certificates are secured in like manner with Series "A,'" by the deposit of an
equal amount of the 7 per cent Guaranteed Special Stock of
the Pittsburg Fort Wayne & Chicago Railw^ay Company,
and by the covenant of the Pennsylvania Company and the
guaranty of your Company.
The proceeds thereof will be used for construction and
equipment expenditures, and for other corporate purposes of
the Pennsylvania Company.
With the view of securing additional terminal facilities
for your lines reaching Wheeling, it was deemed adv saMe
for your Western System to become the owner of the Wheeling Bridge and Terminal Railway, which was sold under
foreclosure on the twenty-seventh day of May last, an opportunity having then offered to acquire the same at a price
commensurate with its real value, and under a reorganization of this property provision has been made for an issue
of $1,500,000 of 4 per cent bonds, running for forty years
from August 1st, 1900, the proceeds of which are applicable
to betterment and improvement expenditures.
The number of tons of freight moved on the lines west of
Pittsburg was 73,286,045, an increase of 77 243. The number of passengers carried was 20,051,495, an increase of
1,296,607, as compared with 1899.
The gross earnings of all lines east and west of Pittsburg
for the year were $172,924,738 78, operating expenses, $118,
849,182 30, and net earnings, $54,075,556 48, an increase in
gross earnings, compared with 1899. of $20,525,650 56, and
an increase in net earnings of $8,399,844 75. There were
215,999,758 tons of freight moved, being an increase of
5,898.105 tons, and 82,487,204 passengers carried, aa increase
of 5,718,124,

A

GENERAL REMARKS.
There has been paid by the Company to the Trust created
Oct. 9, 1878, the sum of $4,933,305 49 to Deo, 31, 1900 the
;

income therelrom has been $?,0'^1,475 58, and on that
date securities amounting at par to $10,J579,480 were held in
the Trust. There was appropriated to the Trust for the

total

sum of $103,?40 55, and the Interest received
on securities held in the Trust during the year averaged
nearly 4Jg per cent on their cost.
The assets of the Insurance Fund at the end of the year
were $4,632,405 57, being an increase, as compared with

year 1900 the

1899, of $286,893 72.

Uiuclnnall

Pittsburij

[Vol. LX5II.

The membership of the Employes' Voluntary Relief Fund
of the lines east of Pittsburg and Erie continues to increase, and aggregated 51,528 at the close of the year, an increase of 2.999 members as compared with the previous
year. During the year the members contributed $847,940 35,
while your company and its affiliated lines paid $128,390 53
for operating expenses and extra benefits. The total receipts of the Fund, including interest and other items, were
$991,6-8 27, which, with $371, '272 93, the balance on hand at
the beginning of the year, made an aggregate of $1,362,961 20, out of which $332,252 50 was distributed as death
benefits (being an average in each casa of about $568 93),
and $524,991 '2 in cases of disability arising from sickness
and accident. After meeting its obligations for the year, a
balance of $377,331 05 remained to the credit of the Fund,
Out of which must be paid unadjusted claims for benefits
growing out of sickness or accident during the year 1900
and previous years. In addition to this balance there is a
surplus which has accumulated during the life of the Fund
amounting to $669,981 90.
The number of depositors in the Employes' Saving Fund at
the end of the year was 6,529, The amount received from
depositors during 1900 was $754,589 12, and the balance in the
Fund at the close of the year was $2,977,397 22. Of this
amount $2,835,000 t as been invested in securities bearing
interest at an average rate of over 3)^ per cent. In consequence of the steady decline in the rates of interest on
tirst-class securities, as noted in your last report, the rate of
interest paid to the depositors in this Fund was, on July ] st,
1900, reduced from 4 to i% per cent.
The Pension Department, which has been in operation for
a year, has fully met the purposes of its establishment.
There are now carried on its rolls 863 employes who, having
attained the age of 70 years, were compulsorily retired under
its provisions, and 113 employes between 65 and 70 years
who, having been 30 years or more in the service, had become incapacitated for active work. The amount of allowances paid during the year, $194,359 20, is well within the

sum approved by

the shareholders.
be seen from the Income Account that your revenues were sufficient not only to pay the regular dividend
of 5 per cent, but to also permit of the declaration of an
extra dividend of 1 per cent upon your capital stock. The
prosperous condition of all industries largely augmented the
volume of your traffic and revenue, and as the year was one
of exceptional prosperity, it was deemed wise to use a large
portion of your surplus earnings in defraying the extraordinary expenditure upon jour system.
It will be noted that, in pursuance of the authority conferred by the shareholders at the last meeting, the authorized capital stock of the Company has, with the exception of
a comparatively small amount, been issued. The increase
in the amount now outstanding over that appearing on last
year's Balance-Sheet is accounted for as follows;
It wnll

Issued under the allotment of 10 per cent made to the
$12,903,950
stockh'il'ers in .Tanuary. ivOO
In payment for securities of the Erie and Western Trans2,650,050
portation Company
In payment for stock held by outside shareholders in the
Schuylkill
Juniata
Rail&
roads consolidated into the
6,642,750
road, and for other corporate purposes

$22,196,750

To meet the future needs of the Company, it will be
necessary to provide for an increase of your authorized capital in accordance with the requirements of the existing
The
legislation of the Commonwealth of Pennsylvania,
proper notice thereof having been given, and in pursuance
of action taken by the Board of Directors, the question of
this increase will be submitted for your approval, together
with the acceptance of the Constitution of 1874, that being
a prerequisite to your obtaining the benefit of the legislation
authorizing such increase of capital stock. The question of
the classification of j-our Board of Directors will also be
submitted for your action.
to the large holdings of your stock in the city of
York, and with the view of facilitating its transfer at
that point, it was deemed advisable to have the same listed
on the New York Stock Exchange and to establish a transfer and registry office in that city. This was done December 1st, 1900, and the action thus taken has proved to be a
great convenience to the large number of shareholders resident in that city.
The charges to Capital Account during the year amounted

Owing

New

to $1,670,355 16, as fellows:
Real Estate
Locomotives
Car Trust Equipment
Branch Roads..:

*4*2'^55
440,000
46^,000
280,000

J^
00
00
00

The first item represents the cost of property acquired in
Pittsburg in connection with the elevation of jour tracks in
that city, and of real estate needed for terminal facilities in
Philadelphia, Harrisburg and Altoona. The charges to Motive Power and Equipment represent one-half of the ccst of
additional locomotives needed to move your traffic and the
usual charges on account of Car Trust Equipment. The

I

:

March

9,

THE CHRONICLE.

1901.]

charge to Branch Roads covers the purchase of the Youghiogheny Railroad, a small coal road about ten miles long, running from your Main Line at Irwin so uthwafd to Gratztown

on the Youghiogheny River,
Through the special appropriation of $1,500,000 made out
of the income of 1899 for extraordinary expenditures, the
revisions of the line at Elizabethtown, Spruce Creek and
Irwin, which had been under progress for several years,
were completed. The improvement at Elizabethtown completed the double track on your passenger line between
Lancaster and Middletown. Work was also begun on the
improvement of the alignment of the Middle Division at
Iroquois, Durward, and near Huntingdon, in connection
vpith the extension of the four-track system, and the line
between Altoona and Gallitzin was equipped with pneumatic automatic signals. The pier facilities at Wallabout,
Brooklyn, were further extended, and the balance of the
fund expended in the purchase of necessary right of way.
The funds appropriated out of the income of 1900 were
expended as follows
On the United Railroads of New Jersey Division, the improvements at Harsimus and Desbrosses Street Ferry wercontinued, and two additional passenger tracks were laid
over the Meadows between Hackensack and East Newark,
in order that the tracks already existing might be utilized
in the movement of freight over that portion of your line.
Work on the New York Bay Railroad, a line' intended
and from
to accommodate the traffic destined to
points on and beyond the harbor of New York, was
commenced, and a branch thereof almost completed to a
connection with your Meadows Yard, which will enable
your freight trains to pass around the city of Newark without interfering with your passenger service. The elevation
of the Kensington Branch of the Philadelphia & Trenton
Railroad in the northeastern part of the city of Philadelphia
was further prosecuted, and a new and commodious passenger station erected at Germantown Junction for the accommodation of the population of that rapidly-growing section.
It is to be noted that the income of the United Railroads of
New Jersey Division was sufficient, after providing for all
obligations connected with the lease, to defray the cost of
the extraordinary expenditures thereon.
On the Main Line between Philadelphia and Pittsburg
the chief expenditures were in the construction of additional tracks, the improvement of yards at terminal points,
the extension of piers, the reconstruction of bridges and
stations, and tbe construction of short branches.
The four-track system was extended west of Coatesville on
the Philadelphia Division, so that with the exception of the
crossings of the Brandywine and Conestoga, at Coatesville
and Lancaster respectively, it is now complete from Jersey
City to Harrisburg. This work was also prosecuted on the
Middle Division between Acqueduct and Port Royal, and
west of Huntingdon; and with the completion of the new
tunnel through Tussey's Ridge, and the widening of the old
tunnel, the four tracks are now in service from Mill Creek
to Spruce Creek. On the Pittsburg Division this system

was completed between Altoona and
Manor and Shafton, while the revision

Lilly's,

and between

of the line at Irwin's,
already referred to, included a four-track system at that
point and its extension west to Larimer. Of the line between Jersey City and Pittsburg, 440 miles, 311 miles of
four tracks are in use, leaving 129 miles yet to be built to
complete the system. The yards at Greenwich, West Phila
delphia, Harrisburg, Altoona, Ci-esson, South Fork and
Brinton were improved and extended, and your pier facilities on the Delaware River at Philadelphia largely increased.
The construction of a four-track stone-arched bridge, 3,830
feet in length, over the Susquehanna River at Rockville, to
take the place of the present double-track iron bridge, is
rapidly progressing and the work of rebuilding the passenger station at Pittsburg, is being also pushed forward. The
Petersburg Branch was extended fi-om Petersburg to a connection with the existing road at Aetna Furnace, thus completing an alternate line between Petersburg and Altoona
via HoUidaysburg, and furnishing much needed facilities
for the limestone traffic from that territory. The short
branch near Williamsburg in Canoe Creek Valley was also
completed, and the Alexandria Branch from Donohoe station
on the Pittsburg Division, extended about four miles to New

Alexandria.
Additions were made to your floating freight equipment
in New York harbor, the ferryboat Chicago was rebuilt for
passenger service, and the work of equipping your freight
cars with air brakes and automatic couplers was continued.
On your branch and auxiliary lines, the main expenditures
were on the Pittsburg Virginia & Charleston, Southwest
Pennsylvania, South Fork, Ebensburg & Black Lick, and
Schuylkill & Juniata railways, but these outlays were practi
cally defrayed out of the current income of the respective
companies, and the charges to their capital account were
quite small.
On the Pittsburg
heaviest expenditure

Virginia & Charleston Railway the
in the acquisition of right of way
and real estate for a revision of the line through South
Pittsburg, and the constrnction of a four-track system from
that point to Thomson, a distance of about 11 miles, and for
additional yard facilities, these improvements being absolutely necessary to meet the demands of its heavy traffic.
On the Southwest Pennsylvania Railway the principal
work done was in the construction of an extension and

was

491

branches into the newly-developed coal fields south and
west of Uniontown, the laying of second track from Everson to Youngwood, the establishment of a new yard near
the latter point, and the construction and extension of other
small branches.
The Ebensburg & Black Lick Railroad was further extended; a second track built to Lovett on the South Fork
Railroad; additional sidings and small branches built on the
Cambria & Clearfield and Western Pennsylvania Railroads;
and revisions of grade and alignment made on the Schuylkill

& .Juniata

Railroad.

The demands

of your traffic will necesitate a large outlay
during the current year. In addition to the Pittsburg

Station, the elevation of the tracks, and the reconstruction
of your passenger terminals at that point, like expenditure
will be required at other important points on your lines
to avoid grade crossings and facilitate the movement of
traffic. Under arrangements just concluded with the municipal authorities of Newark, N. J., your tracks will be
elevated through that city and grade crossings abolished
which are a constant menace to the safety of your trains.
The situation at New Brunswick, in the same State, will
also require similar treatment, although at less cost, while
at Trenton it will be necessary to construct a new bridge
over the Delaware River to secure proper alignment at that
point. Toward these expenditures the sum of $3,000,000
has been set aside out of the income of the year and out of
the profit realized from the sale of securities.
A new and commodious passenger station is also much
needed at Camden, N. J., to accommodate the heavy travel
to and from the seashore and the local territory tributary
to your Amboy Division, and work thereon is now in progress
On the line between Philadelphia and Washington it will
be necessary to elevate the passenger tracks in Chester and
Wilmington, and increase the freight facilities at the latter
point, while under legislation recently enacted by Congress, your line through Washington must be so revised as
to avoid grade crossings of the public highways, your passenger station rebuilt, and a new bridge erected over the
Potomac River.
On your Main Line the time has arrived when it is necessary to push forward vigorously the completion of your
four-track system. Considerable expenditure will also be
required for additional terminal facilities at various points,
and for real estate, power and equipment.
reference to the General Balance-Sheet in this synopsis
and to the List of Securities in the Annual Report will show
the interests acquired during the year by your Company in
several of the railways reaching the seaboard, and the
amount of temporary collateral obligations issued in payment therefor. The results of these investments have been
satisfactory.
Of the bonds issued under the General Mortgage of the

A

New Jersey Railroad & Canal Company bearing
date April 20th, 1871, $5,669,000, bearing 6 per cent interest,
matured March 1st, 1901. Provision was made for their payment by the sale of a like amount of 3^^ per cent bonds secured by the same mortgage and maturing March 1st, 1951.
This mortgage is the only lien upon the property, and under
its provisions the amount of bonds outstanding may at all
times be equal to but cannot exceed the sum of $20,000,000.
The $1,000,000 of your 5 per cent Navy Yard bonds, which
matured January 1st, 1901, were extended for twenty years
at 3}4 per cent.
Series A of the Connecting Railway Company bonds,
amounting to $200,000, and issued under its mortgage of October 34th, 1864, having matured September 15th last, anew
mortgage was created for $1,000,000, to provide the funds
necessary to pay off that series and the subsequent series of
like amounts maturing annually until September 15th, 1904.
The bonds secured by this mortgage bear 3J^ per cent interest and run for thirty years from September 15th, 1900.
An opportunity having offered to acquire the Western
New York & Pennsylvania Railway, which forms the direct connection between your system and the city of Buffalo, through the purchase of its income bonds and stock,
the same were acquired at a satisfactory price. As Buffalo
occupies an exceptional position in connection with the
commerce of the great lakes, and will undoubtedly become
an important centre for manufacturing industries, it was
thought wise to secure this road, as a connecting link for
the large and increasing traffic which must pass to and
from that city over the other lines in your system. Its direct connections therewith are at Emporium on the Philadelphia & Erie Railroad, Oil City on the Allegheny Valley
Railway, and New Castle, a prosperous manufacturing centre on the Erie & Ashtabula Division of your Western lines.
Large purchases of real estate have also been made in Buffalo to provide the terminal facilities necessary to handle
your traffic at that point.
Under leases dated August 1st. 1900, this road, and the AUe?;heny Valley Railway, which has been controlled by you
or many years, but has been heretofore operated under its
owTi organization, are now operated as the Buffalo & Allegheny Valley Division of the Pennsylvania Railroad.
A purchase has also been made of a controlling interest in
the stock of the Long Island Railroad Company, which owns
the system of lines extending through that island, and
reaches manv flourishing towns and attractive seaside resorts.
This property will come into your ownership in the

United

——

THE CHRONICLE.

492

early spring, and it is believed that the completion of the
bridges and tunnels now projected and under construction,
between the sections of greater New York divided by the
East River, will so increase its business as to make your investment in its shares directly profitable. Advantage is
being taken of the exceptionally favorable location of its
tracks in and around the city of Brookh^n to establish
freight stations, lumber and coal and car- load delivery yards
for your company; and thus secure a full share of a traffic
whose growth wiU be largely stimulated by the policy which
has been inaugurated of placing this borough on an equal
footing as to rates with other sections of the consolidated
municipality.
It is also in contemplation to use a part of the Long Island
Railroad to form a more convenient connection between
Hartyour svstem and that of the New York New Haven
to
passes
tralHc
large
which
a
over
ford Railroad Company,

&

and from

New

England

points.

For the purpose of simplifying the management of your
properties, it was deemed advisable on the 1st of June, 1900,
to consolidate into one corporation, entitled the Schuylkill &
Jnniata Railroad Companv, the Pennsylvania Schuylkill
Vallev, Nescopec, North & West Branch, Sunbury, Hazle
ton & Wilkesbarre, and Sunbury & Lewistown railway companies. The line thus formed extends from Philadelphia,
via Reading, Potts ville, and Tomhicken, to Wilkesbarre on
the north, and via Sunbury to Lewisto%vn on your Main Line,
an aggregate distance of 289 miles, and furnishes an important highway between the city of Philadelphia and the valleys of the Schuylkill, Susquehanna and Juniata rivers.
The consolidation was made on a conservative basis, and the
securities of the new company are held in your treasury as

[Vol. LXXII.

Lincoln Godfrey was elected a member of the Board on
April 11th, 1900.
Just after the close of the year the Company also lost by
death the services of Mr. John C. Sims, who had been Assistant Secretary from January 1st, 1876, to March 23d, 1881,
and then Secretary until his death on Januaiy 6th, 1901. It
is seldom that a company has the good fortune to have
these responsible positions filled by one so admirably adapted
for the performance of their duties.
Mr. Sims's scholarly
habits, legal training, clear and quick perception, and devotion to his work, united to a rare charm of manner, made it
impossible to be associated with him without a strong feeling of affectionate regard, and the Board desire to express
the deep sense of personal and official loss felt by every
member thereof at his untimely death.
To till the vacancy thus created, Mr. Lewis Neilson was
elected Secretary on the 2;3d of January, 1901, and Mr. A. J.
County and Mr. K. S. Green appointed additional Assistant
Secretaries, Mr. Robert H. Groff, your former Registrar of
Stock having, on December 1st, 1900, been promoted to the
position of Assistant Secretary and placed in charge of your
Transfer Office in New York.
Mr. P. B. Prince and Mr. G. Stuart Patterson were appointed Assistant Solicitors, to take effect February 1st,
1900, the office of Assistant to the General Solicitor having
been abolished.
Mr. Holmes D. Ely, superintendent of the Employes' Voluntary Relief Department, having died suddenly on the 25th
of May, 1900, Mr. Spencer Meade, formerly Superintendent
of the Elmira & Canandaigua Division of the Northern
Central Railway, was appointed to fill the vacancy thus
created.

a satisfactory investment.

Mr. G. W. Creighton having been appointed General Superintendent of the Buffalo & Allegheny Valley Division,
Mr. W. H. Myers was appointed to succeed him as General
Superintendent of the Philadelphia & Erie RR. Division

the coal tributary thereto, having failed to develop a
remunerative traffic, has been sold to the interests controlling the Beech Creek Railroad. By the use of this line and
of trackage rights over the Philadelphia & Erie Railroad
between Keating and McElhattan, a distance of 46 miles,
the owners of the Beech Creek Railroad secure an economical line for the movement of their tonnage, while at the
same time your Company and the Philadelphia & Erie Railroad receive an increased return on the capital invested in
this portion of your system.
It is with deep regret that the Board have to record the
death, on 29th March, 1900, of Mr. B. B. Comegys, who had
been an able and valued director of the Company for over
twelve years. Mr. Comegys' long financial experience had
made his counsel of great service to your interests, while his
high character and genial personality had endeared him to
his associates. To fill the vacancy caused by his death, Mr.

August

The Susquehanna & Clearfield Railroad, extending from
Karthaus to the Philadelphia & Erie Railroad at Keating, a
distance of 23 miles, and originally built to furnish an outlet for

Union Heat Lleht & Power Co. of Covington & NeTrport,
Kj,— Consolidated.— Under this title have teen consoliuated
the lighting interests of Covington and Newport, Ky., embracing the properties of the former Covington Qaa Co.,
the Newport Gas Co. and the Suburban Electric Co.
The new company is understood to be controlled by or in
the interest of the North American Co.—V. 72, p. 440, 186.
Union Lead & Oil Co. Increase of Stock. A certificate
has teen filed at Trenton, N. J., announcing an increase in the
capital stock from $7,500,000 to $15,000,000, of which $5,000,000 is preferred. Homer Wise is President and Robert S.
Bussing is Secretary. John W. Bailey owns 4,000 shares, and
J. T. Hoag, 70,994 shares.
War Tax Redaction. Bill in Full.— Oa other pages of
to-day's Chronicle will be found in full the bill reducing
the war revenue tax. The bill provides with other changes
for the abolition of the tax on bank checks, express and
warehouse receipts, telegraph and telephone messages, etc ,
and the reduction of the tax on beer, tobacco, etc. V. 73, p.

—

—

195.

Warwick Iron & Steel Co.—Mortgige.-The company, to
pay for the new furnace which will be completed during the
coming summer, has decided to issue, subject to authorization
by the shareholders, $300,000 of 5 per cent 20-year bonds,
with sinking fund of $15,000 per annum.— V. 73, p. 195.
Waterbnry Rope Co.— Stock Offered. This company offers

—

for public subscription at par the balance, $100,000, of its
$250,000 of 6 per cent cumulative preferred stock. Subscriptions are payable at the North American Trust Co., New
York, or the Williamsburg Trust Co., Brooklyn. The common stock is $150,000; there is no bonded debt. The average
annual profits for the last three years are reported as $165,-

M. Waterbnry is President.—V. 63, p. 756.
Worcester Salt Co. of New York City.— Inei-ease of Stock.
This company has filed a certificate at Albany increasing
The debts and
its capital stock from $400,000 to $1,000,000.

049.

J.

—

liabilities are stated as

aggregating $36,500.

The Financial Reriew (Annual) published at the office
of the CouiiERCiAL AND FINANCIAL CHRONICLE is now ready.
It is a volume of some 300 pages, including 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:
Retrospect of 1900, giving a comprehensive review of the

Ist, 1900.

Mr. Theo. F. Blown was appointed Assistant Auditor of
the Union Line October 1st, and Mr. J. F. Reynolds AssistAuditor of the Empire Line, November li5tli. 1900.
Mr. J. W. Reynolds, for many years Superintendent of
the Western Division of the Philadelphia & Erie Railroad,
having resigned that position, was appointed General Agent
at Erie Jan. 1, 1901.
The Board renew their acknowledgements to the officers
and employes for the fidelity and efficiency with which
they have discharged their duties during the past year.
By order of the Board,
A. J. CASSATT, President.

STOCKHOLDERS MAY OBTATNT COPIES OP THE REPORT IN
PAMPHLET FORM ON APPLICATION IN PERSON OR BY LETTER
TO LEWIS NEILSON, SECRErARY, ROOM 271, BROAD STREET
STATION, PHILADELPHIA.

business of that year, with statistics in each department, financial

and commercial.

Bank Clearings

in 1900, with comparisons for 30 years.
Record of Tranf 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.
Statistics for series of years.
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 1898, 1899 and 1900.
Government Bonds Monthly Range since 1860.
State Bonds— Record of Prices since 1860.

Crop

—

Railroad Bonds and Stocks— Monthly Range of Prices for
five years.

Investors'

Supplement— Description

Industrial Securities,

of Railroad and
Record of Earnings, Dividends, Opera-

tions, etc.

The

price of the

Review

is $2.

William B. Dana Co., 763^ Pine Street, corner Pearl Street,
New York.
Copies may also be had from P. Bartlett, 1664 Monadnock
Block, Chicago; Edwards & Smith, 1 Drapers Gardens,
London.

—

In connection with the fifty-fifth annual statement of
the Connecticut Mutual Life losurance Co. which appeared
in our last issue. President Greene thus summarizes the
finarcial results since the company began business:
" In the fifty-five years we have receive d from our members for ordinary, extra and annuity premiums, $311,642,C69;
we have returned to them for death losses, endowments,
annuities, surrendered policies, and dividends. $207,798,111,
or 98'22 per cent. For interest, rents and profit and loss we
have had $96,820,545, a total income of $308,482,615. Of this
sum, $207,798,111 has been returned to policyholders, as just
stated; $27,906,305— only 9 per ceat has gone for expenses;
$10,418,175 has gone for taxes, and the balance, $63,340,033
forms part of our gross assets— $64,965,176 covering present
The payments to policyholders and
liabilities and surplus.
the gross assets aggregate $272,763,287, or 128-88 per cent of
the receipts from policyholders."
Col. Greene says that this is a record equaled by no other

—

American company.

—
..

March

THE CHRONICLE.

9, 1911,]

493

COTTON.

^ommtxcml ^imjes^
COMMERCIAL EPITOME.
^Ixe

Friday Night, March

Friday Night, March

1901.

8,

The Movement of the Crop, as Indicated by our telegrams
from the South to-night, is given below. For the week ending
evening the total receipts have reached 140,873 bales,
against 124,599 bales last week and 122,088 bales the previous

8, 1901,

this

The general business situation has undergone few changes.
With the advance of the spring season business in seasonable week, making the

total receipts since the 1st of Sept., 1900,

merchandise has been reported as gradually broadening, and 6,028,880 bales, against 5,659,181 bales for the same period of
indications have been generally referred to as promising for 1899-00, showing an increase since Sep.l 1900, of 369, 0&9 bales.
a good healthy spring trade, with values well maintiuned.
Tuei.
Wed. r^urt.
Mon.
Fri.
The only noteworthy change in prices for staple products Meeeiptt at— Bat.
weakened
under
steadily
specuwhich
has
has been in cotton,
5,143
3,399 6,646; 37,155
4,944 5,152 12,871
Galveston..
lative liquidation induced principally by a growing belief
7,491
Bab. Pass, Ao.
7,491
that the out- turn of the crop will be in excess of the precon6,282
9,775 9,189
6,059 7,650 44,593
Orleans... 5,638
New
ceived ideas of most of the trade. A sudden cold snap in the
16
10
675
1
299
678
1,579
Mobile
West caused some temporary apprehension as to its effect Pensaoola, &o.
2,242
2,212
upon the winter-wheat crop. The export business in grain
1,874 2,973 3,818 4,013 8,250 3.746 19,704
Savannah
has been quiet, particularly in corn, the demand being held
4,978
4,978
Bmnsw'k.&o.
in check by the comparatively high prices ruling.
,

1

65

Oharleston.....

March

Stockt of JUerehandise.

Pork
Lard

t08.

hhds.
bags.
bags.
mats.
bhds.
bags, &c.

Ooffee, Brazil
Coffee, other
Ooffee, Java, <fco...

Sagar
Bngar
Molasses
Hides

........blids.

No.
..bales.
bbls.
bbls.
bbls.

Cotton....

Bosln
Irltstarpentliie

K~,r

1,

1901.

bble

lobacoo, domestic

Feb. 1,

Bioe,E. I
Bloe, domestic
Linseed

bags

Saltpetre
Jate butts

bags

bbls.

bags.

bales.
Manila hemp.... .........bales.
bales.
Blsal hemp
bbls. and sacks
Ploor

Mu'ch

7,032
11,792
4,130
488,841
75,442
147,938
None.
None.
None.
14,600
145.190
35,358
2.639

6,160
8,602
4,060
641,942
102,177
140,005

418
22,100
None.
16,868
146,643
34,489
2,455
1,098
4,300
4,500
None.
3,250
None.

877
8,400
4,900
None.
2,600

5,137
11,857
4,350
622,935
65,500
105,715
None.
22,327
None.
25,700
129, G08
35,654
1,743
2,113
2,500
5,400

100

570

5,777
3,364
98.900

1,000
100,400

1,

1900.

1901.

Pork has had a fair jobbing sale at firm prices, closing at
$14 50@15 00 for mess. Cutmeats have been firmer but quiet.
Tallow has been dull, closing at 45^@4^c. Cotton- seed oil
has been dull, and the close was flat at 29J^@30c. for prime
yellow. Butter and cheese steady. Fresh eggs v^eaker.
Brazil grades of coffee have been quiet, the trade generally holding back, due to continued manipulation by strong
financial interests. Prices for package- coffee have advanced
\^c.

per pound.

The

close

The Brazil crop movement has continued
was dull at 73^c. for Rio No. 7. West India

growths have had a moderate sale at steady prices, closing
at 9c. for good Cucuta. East India growths have been quiet.
Speculation in the market for contracts has been fairly
active.

Raw

427

162

879

520

1,517

662

810

2,960

680
543

1,111

422
723

302
994

317
159

716
168
234

News, Ac.
New York
Boston
Baltimore

6-25o.

I

Sept

sugars have been in slow

6'35c.

Jan

6 60o.

fairly
closing at 4 l-16c. for

free offerings prices have declined,
centrifugals, 96 deg. test, and 3f^c. for muscovado, S9 deg.
Refined sugar has been dull, closing at 5'40@5oOc. for
test.
granulated. Other staple groceries have been unchanged.
Kentucky tobacco has had only a small sale, but prices
have held steady. Seed leaf tobacco has been quiet but
steady. Sales for the week were 1,700 cases, as follows: 100
cases 1900 crop. New England Havana seed, 25@70c.; 400 cases
1899 crop, Zimmers, 15(ai6c.; 300 cases 1898 crop, Wisconsin
Havana, 12i^(^13c.; 500 cages 1899 crop, Wisconsin Havana,
10@15c.; 200 cases 1899 crop, Qebharts, ISJ^c., and 300 cases
1899 crop, Pennsylvania seed leaf, 12^^® 13c; also 800 bales
Havana at 37@90c., in bond, and 100 bales Sumatra at 60(cJ
$1 60 in bond.
Straits tin has continued qaiet, and reflecting easier foreign
advices prices have declinea, closing at 26'15@26-25c. Ingot
copper has had only a very moderate sale, but prices have
been maintained at 17c. for Lake. Lead has been without
changes and dull at 437i^c. for domestic. Spelter has been
flat, closing at 3*92i.^@3-y7>^c. for domestic.
Pig iron has
had an active sale; prices have held firm at |13@16 50 for

117

891
2,903
155

668

week 16,569 23,150 29,016 18,392 16,790 37,957 140,873
The following shows the week's total reoelpts,the total since
Sept.1,1900, and the stook to-night, compared with lastyear,
1899-1900.

1900-1901.

f
8.

aalveston...

3ab.P.,&o.
if ew Orleans

MobUe
P'saoola.&o.

Savannah...
Br'wlok,Ao.
Charleston..

P.Royal.&o.
Wilmington.
Wash'n, Ac.
Norfolk
N'portN.,Ac

New

Since Sep.
1, 1899.

1901.

1900.

167,821

128,616

350,635
25,963

369,365
19,867

....

95,240
5,597
10,939

131,113
1,994
34,260

7,910

17,806

522
324,964

18
4,032

794
344,190

26,670

31,587
101,856
172,327
50,476
16,875

1,162
5,126
2,048
1.387

26,030
39,651
70,988
72,541
38,821

39,467
8,144

143,028
70,00C
8.927
3,482

143,603,

140.873 6,028,880 153.155 5,659,181

915,212

949,920

7,084

168
3,069
3.697
2,903

.

666

Philadel.Ao.

Totals

Stock.

28,441 1,689,039
65,851
63,072 1,660,930
1,939
173,708
4,950 124,275
30,280 962,020
8,748
99,789
236,830
7,571
1.214
-•••.
3,740 252,510

37,155 1,653,^01
44,916
7,491
44,593 1,974,799
109,797
1,679
125,249
2,242
19,704 890,445
90,204
4.978
2,290 204,380
860
8
3,346 236,222

York...

Boston
Baltimore

This
week.

Since Sep.
1, 1900.

week.

581

38,000
9,193
8,562

In order that comparison may be made with other yean,
«regive below the totals at leading ports for six seasons.
aeeeipU cU—

1901.

Norfolk

44,646
44,593
1,579
19,704
2,298
3,346
7,084

News, Ac.
A.U others...

17,456

wk.

140,873

153,156

New Orleans
MobUe

168

N.

Cot. this

1899

1900.

28.441
53,072
1,939
30,280
7,671
3,758
4,092
1,162
22,840

aalves'n.Ac.

WUm'ton, Ac

demand and under

60

110

80

7.084
168
3,069
3,597
2,903

Tot. this

. .

6-50o

287

144

Ac.

week Savannah
weaker European Ohaa'ton, Ac
6*35o.

•

N'p't

Prices reacted during the first half of the

under European selling and reflecting
advices. Following were the closing asked prices:
March
6-10o. iJuly
6-30o. Oct
May
6'20c. Aug
6-35c. Deo
Jane

1,165

March

vanced, closing at 8c. for refined for the Continent. Speculation in the market for lard futures has been fairly active
and prices have advanced on smaller receipts of hogs and
foreign buying. The close was firm.
DAILT OLOBINO PBICBS Or LASD FUTUfiBS.
Mon. Tue*.
Wed. Thure.
Fri.
8at.
7-72
7-75
7-72
7-75
7 87
780
March

large.

131

Phlladel'a,

2,290
8
3,346

8

582

5,000

Lard on the spot has advanced and at the close a limited
amount of business was transacted; final prices were firm at
7'85c. for refined for the Continent and 7"50c. for prime City.
Refined lard has had a more active sale and prices have ad-

241

68

WaBb'ton,Ac,
Norfolk ....

Beeeiptt

2.515
75,600

345

Wilmington....

None.
None.
288

125

1,446

Pt. Royal,4o.

1897.

1898.

1896.

12,244
36,612
2,409
9,198
2,250
1,365
7,850
273
14,712

83,915
60,612
4,150
17,100
4,674

19,029
23,244
4,402
15,832
2,905

1,717
5,163
1,387
21,503

7,794
197
6,842

10,415
21,924
1,996
11,370
8,803
1,338
6,664
3,320
5,688

86,913

150,221

79,931

71,518

686

Since Sept. 1 6028,880 5659,181 7346,429 7669,398 6116,406 4617,016

The exports

for the

week ending this evening reach a tota

of 103,707 bales, of which 53,874 were to Great Britain, 19,190
Below
to France and 30,643 to the rest of the Continent.
are the exports for the six days and since Sept. 1, 1900.

W$*\ Bndint March

8, IBOl.

from

Sett.

from—

Or tat

France

Brtt'n.

11,995
ialreiton
6,165
Sab.PaaB, *o..

18,076

NawOrleani.. 27.687
Mobile
Peiuaoola
tteTannah
Braniwlok....
Charleston
Port Boyal....

1,

1900, to

ertat
Conti- 2otal
jyonce
nent. With. Britain.
17.310
1,505

47,881
6,7C0

672.173 284.501

9,soa

86,827

65S.3i57 247,022

304

1,882

6,195

1901.

Oonti.
n*nt.

Z«Mi.
j

331,178 1,287351
81,984
27479
492.843 1.3a8.£32

60,673

66,656

48.023
loe.iss
676,786
64,951
136,389

28,b3S
1,578

McK 8.

Bxporitd to—

Sxvorted to—

19,6iK)

48,t-90

12.231

44,311

162,035
42,318

83,899

400,802
ii.eo«

WUmiUKton...

84.690

U8.461

en.06i

domestic.
Refined petroleum has been unchanged, closing at 7 '950. in

Norfolk
S'port N., 40..

1.63<»

5.244

18,339

3,060

6.933
88,8*9

bbls., 5'40s. in bulk and 9c. in cases.
Naphtha unchanged at
Crude certificates have been neglected. Credit bal9'55c.
ances have been steady at $1 28. Spirits turpentine has been

New York

2.582

Boiton
Saltlmore

4,997

quiet and prices have weakened to 39>^(a40c. Rosins have
held steady at $1 60 for common and good strained. Wool
has been steadier, there being less pressure to sell. Hops
have had a limited sale at full values.

1,111

900

Pblladelpbls..

iBnFran.,Ao..

ToUl
Fetal. 189P.O0

1,384

6.020

147.744

4,997

36Sl,997

1.75S

900

59,249

3.660

8S.T17
901

295 0.0
860.760
08,068
8,001

3,«40

17,471

80.711

16,785

131,440

53,874

19,190

80,643 103.707 2,255,021 634,439 1,766.40- 4,655366

53,031

613

96,S9S 150,C91 1,633,896 6S 1,869 2,026,041 4.811,900

^__

-

-

.

.

«

«

.

.

.

THE CHRONICLE.

494

[Vol. LXXII.

Fdtuhes.— Highest, lowest and closing prieep at New York.

In additlou to above exports, our telegrams to-night aUo
give us the following amounts of ootton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by Messre.

We

o

Lambert & Barrows, Produce Exchange Building.

09 Pa
I

*9

0«J

ON JHIPBOAKD, NOT OLKAKBD FOH—
(

Leaving

Mch. 8 at-

Oreat
GerOther OoattBritain Fr'nee many. For'gn wise.

•I.I

t

•

Orleans
Galveston

Savannah
Charleston...

Mobile
Norfolk

302,968
107,151
93,840

46,697 26,347 34,626 20,613 15,022 143,305

771,907

800

York....

Total 1901..

"778

2,500
8,000

Other ports

2,678
1,344

li'.OOO

i'obo

3,000

•

•

65,220 35,076
24.386 14,706

20,520 206,553
29,959 112,629

85, 737
43, 578

d

I

d

I

d
00 00

«0 0>

—

Men Taeii

8l8

8

Low Middling....^...

8%

8!>8

7'8
81a

Middling
Good Middling
Middling Fair

93l6

9iie
938

»i4

GULF,

Sat.

Good Ordinary...^......

UTed TM. FrI
7-^8

7i3,e

81a
815i6

S-'s

»3i«

9Uu
men Tueo Wed TM.
913,.

Gtood Ordinary.

838

Low MiddUng...

9

Middling

8I4
8 ''8
9616
98b
lOiia

97l6

9^

Good

Middling..
Middling Fair..

103,6

STAINED.

Sat.

8i«

8l8

8I16

8^

!^«
8''8
93,6
9S8

Frl.
81,6

8U,e

9*18
91a

9i«

93l6
91a
9i6,e

97l6

97,6

9''e

9'^8

Men Toes WeA

Tli.

Frl.

738
838
813
878

738
838

916i«

Middling

„
Low Middling Tinged.
Gk>od Middling Tinged
Strict

7iiie
81I16
813,6
98,6

79l8
8316

8n,e
91,

87,6

87l6
89,6

89, fl
815,,

SlBifl

81a
878

The quotations for middling upland at New York on
Mch. 8 for each of the past 32 years have been as follows.
1885. ...0.1138

1877
C.1238
1884
1078
1876
12%
1883
1638
1876
103i6
Ill3i6 1874
16ie
1882
1881
2058
113,,
1873
1314
1880
.2288
1872
1879
9\
1871
14%
2II4
11
1878
1870
MABKET AND SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
1893. ...0. 93ig
1892
7
1891
878
1890
1138
714
1889
103ie
7B8
103,6
1888
51816 1887
9i3i6
9S,A
708
1886

1901. ...0. 878

9B8
e^ia
6I4

Spot mabkbt
O1.08BD.

Batnrday

..

Monday

Dull
Dull at
Dull at

Tuesday
Wednesday Easy
. .

Futures

Mabkbt
Closed.

steady

Sacbs or Spot

dk

Gontbaot.

Ex-

Oon-

Oon-

port.

sump.

tract.

•

i8 dec... Steady
i« dec... isteady

B'rly steady.

Thurslay.. Dull at I16 dec. Steady
Very steady.
Friday
Steady
Total

i

coo

@

<1»J
coco
(OtO

ooop

MO
to 00
I

Q)

I

0°

a
I

00 00

I

d

I

ODK^

^

".300

ODOD

ceo

CO 00

00

(yi

MCO

00 00

d

aoi

05 06

CO to

05lf>-

I

aco

^
-3<1

05 05

05 05

-J-J

00

I

coco
I

d

05 <a
05 05
I

-J-4

aw
I

^

•3
I

-J

Cn«
•30

I

I

0505

I

crto

ceo

9

I

d
I

I

I

I

OCOD

d

oco

c;<

05

o
d

-3
05

0000
05-3

too

toc;i

ooop

OCOD

00 00

cJicJ.

coo

<cco

cJcp
toco

I

d

I

d

ooop
end"

op op

ooop

ejieit

OICTI

OOOO

OOOO

cncii

Cicii

OOOO

en en

OOOO
enO)
05-3

OOOO

OOOO
HkCO

OOOO

I

coo

d

I

en 05
or CO

tOM
I

d

d

OOOO
CCCO

op 00

com

CO 00
I

^

OOOO

OOOO

M
coco
Id Id

C*'

-3-3
OOOO
coco

d
-a

-3
00

d

d

tO

ooop
coco

OOOD

«0-3

id
ooop

oo
oo a05

cni^

05Cn

,M.CO

d

Id

opop
cncn
-3-3

ooop

00

.00

I

1°?
'

M
d

I

CO
CO

cncn

'

,1^

Id

M
id

00
ob

op
00

o

to

cJiew

OOOO

COM
coco
COQO
I

OOOO

OtO

d

Id

OpQp
encn

OOOO

00

00

00
CO
00

Id

d

op
•3
CO

00
CO

!

too
'CO

g,5

d

OOOD
cnoo
1^00

MO

-I

en 05

eni^

I

I

to
I

CO en

GOOD
eni^

d

0000

OOOO

Mto

I

OOOD
en05

lUCn

OOOO

uo

tOlf^

d

MCO

1^

^

ooop
cj<d

OtO

OCGO

oo

I

05 05

is-cn

-3-1
OOOO
uDco

OOO

05 <1

OOOD

-3-3
-3-4

-3-3

0000

OOOO
i^cn
toco

-3-3
0505

-3-3

ODOO

coco

or 05
H'l-'

if^en
Cn-^>

-3-3
0600

«3-3
0»O5
-sen

00 00

-3ce

-3-3
05-3
ODCn

Id

00 db

OOQD

I

ooM

ow

ao5

*ilfi
tf^to

MCO

ooop

OOOO

at^

05 06

00 00
00 "j

I

coc;>

OOOO

-3-1

tow

d

05 05

d

MM

I

0000

OOOD

Too

00-3
(Kg-

05 05

0-3

-3-3

d

op op

0000
C5<I

Ojcii
I

0000

OOOD

-3-3
-3-3

«

OCOO
6>C)
rf'M

If^tO

toO)
I

occo

oo

^

00 00
05 en

<l-3

dds

I

00 00

en -J

i«)

d

to to
00 CO

too

GOOD
0><I
0<0l

toco
coco

(OiP>

00

0000
coco

occo
CO*'

05<Sl

05 -J

-3
I

d

00 OD

00 00

d

s

dboD

00 00

I

I

00 00

too

c;i05
I

d

coco

GOOD

19

Ota

I

00 03

I

I

<l-3
ectc

cbto

toot

N)01

-3-3
CDCP

-J -3

en en
-3 0D

d

-3 -4

<i<l
i

eccb
uo
I

•J-a

00 -i

COM
00

d
05 »J

ooop

0000

00 00

*3<I
-500
(CO)

00 00

oc-j

00 00

OCOD

-J*3

coop
00 <1

1=5
§-1

c>>en
cni;^

The Visible bUPPLY op Cotton to-night, as made up isy
cable and telegraph, is as follows. Foreign stocks, as weU
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Mch. 8), we add the item of exports from the United States,
Including in it the exports of Friday only.
1898.
1899.
1900.
1901.
stock at Liverpool
bales. 763,000 615,000 1,812,0001,211,000
9,000
3,000
3,000
stock at London
11,000
Total Oreat Britain stock.' 774,000 618,000 1,821,000 1,214,000
g^j^
20,000
stock at Hamburg
17,000
16,000
stock at Bremen
221,000 262,000 426,000 339,000
3,000
3,000
Stock at Amsterdam...
2,000
300
200
300
200
Stock at Rotterdam
7,000
11,000
4,000
3,000
Stock at Antwerp
159,000 259,000 355,000 289,000
Stock at Havre
4,000
4,000
3,000
Stock at MarseUles
4,000
75,000
76,000
82,000
Stock at Barcelona
58,000
37,000
61,000
45,000
84,000
Stock at Genoa
4,000
14,000
1,000
5,000
Stock at Trieste
768.300
Total Continental stocks.. 501,200 674,200 969,300
Tetal European stocks.... 1,275,200 1,292,200 2,79u,300 1,982,300
62,000
30,000 119.000
India ootton afloat for Europe 142,000
Amer. ootton afloat for E'rope. 380,000 578,000 366.000 578,000
66,000
35.000
46,000
49,000
EsryDt,Brazll,&c.,aflt.forE'pe
178,000 191,000 265,000 255,000
Stock in Alexandria, Egypt.
500,000 347,000 638,000 300,000
Stock in Bombay, India
Stock In United States ports.. 916,214 949,9^0 786,483 1,123,481
461,869 459,136
Stock In U. S. Interior towns.. 663,138 426,148
12.149
21,917
8,279
20,980
United States exports to-day..
4,110,469 3,868,617 5,387,801 4,841,897
Total Visible supply
Of the above, totals of American and otber descriptions are as follows:
.

Low Middling...

1900
1899
1898
1897
1896
1895
1894

*
•

«3

743,437
673,854

the foreign speculative markets have been
of an adverse character. Prices in Liverpool have been
weak and declining, that market being depressed by the
large tenders of cotton by importers on speculative contracts,
they being unable to find a satisfactory outlet among spinners. The advices received from the South have reported
weaker markets, and there has been considerable selling in
the speculative market by exporters against offers accepted in the South. The crop movement, particularly
as shown by the interior receipts, has been fairly heavy and
has gone to strengthen the belief of many that much cotton
has been held back, and that the actual yield was in excess of
the general belief of the trade. No improvement has been
apparent in the cotton goods trade; still the prospective settlement of affairs in China will provide, it is thought, an outlet for much of the accumulated stocks of yarns and goods
held by spinners and manufacturers. To-day there was an
irregular market, finally olofing steadier on buying largely
by local traders to cover their short sales. Final prices
showed a net gain for the day of 9@15 points. Cotton on the
spot has declined, closing steady at 8J^c. for middling uplands.
The rates on and off middling, as established Nov. 21, 1900,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
0. lie on Strict GK)Od Mid. Tinged.o. s,eoii
Middling Fair
%on Good Middling Tinged
Even
i« off
is on Mlddlins: Tinged
gtrlot Good Middling
BoodMiddllng
B^gon Strict Low Middling Tinged ^e off
Sjgoft Middling Stained
itrlct Low Middling
!« ofl
Low Middling
'leoff Strict Low Mid. Stained.. . l^e ofl
Strict Good Ordinary
%i off Low MiddUng Stained
l^flofl
Good Ordinary
Hie off
On this basis the official prices for a few of the grades for
the past week March 2 to March 8—would be as follows.

I

»q»J

9,339
21.163
13,870
138,660
84,916

The advices from

Sat.

«:

I

.

I

•

I

H-OO

00 en

Speculation in cotton for future delivery has been fairly
active, but at declining prices. The feature of the trading
has been the selling of long interests to liquidate accounts.

UPLANDS.

'

•J •a
CO CD

I

•J-O

Total 1900..
Total 1899.

•

I

(0

III

•

itoe/t.

47.667
60,670
1.400
1,600
4,S00
11,800
4,368
11,000

5,609 10,013 14,861 14.506
24,988 16,334 15,987 2,017
1,400
1,600
4,8b6

•

•

•(a

09

Total.
I

New

New

•

'.

300

113
10
402

6,400

2,000

700

500

Total.

113
510
6,802
2,700

600

500

1,125

1,425

300 4,160 7,600 12,050

American—
504,000 1,689.000 1,090,000
649.000 9^'0,000 734,000
678,000 3S6.0O0 578,000
949,990 786.483 1,128,481
426,148 461,869 459,136
8.279
12,149
20,980
3,104,269 3,115,417 4,235,601 4,010,597

672.000
452.000
American afloat for Europe. . . 380.000
915,214
United States stock
United States interior stocks. 663,138
21,917
United States exports to-day..

Liverpool stock
Continental stocks

bales.

Total American
East Indian, Brtuil, dc—
91,000 111,000 123,000 121,000
Liverpool stock
11.000
3,000
9,000
3,000
London stock
26,200
34,300
49,200
49,300
Continental stocks
30,000 119,000
62,000
India afloat for Europe..;.... 142,000
35,000
46,000
49,000
56,000
Egypt. Brazil, Ac. afloat
Btookln Alexandria, Egypt... 178,000 191,000 265,000 255,000
500,000 347,000 538.000 300,000
Stock In Bombay, India
1,006,200 753.200 1,152,300 831,300
Total East India, &0
3,104.269 3.115,417 4.235,501 4,010,597
Total American
4,110.469 3,868,6i7 5,387,a01 4,841,897
Total visible supply
3%a.
6i<(ad.
37,8(1.
Middling Upland, Liverpool..
8 •'so.
esito.
9»160.
Middling Upland, New York..
67, ec.
5i4d.
Sifld.
49iRd,
Egypt Good Brown, Liverpool
75ied.
eiSjgd.
7isd.
678d.
738d.
Peruv. Rough Good, Liverpool
3i«d.
61 led.
6ifld.
Broach Fine, Liverpool
39i6d.
3B8d.
4%d.
Siistd.
TlnneveUy Gtood, Liverpool...
67s2d.
bales.
JSP" (Continental imports past week have been 73J)00
The above figures indicate an inerease in 1901 of 241,853
bales as compared with same date of 1900, a loss of 1,277,333
bales from 1899 and a decline of 731,428 bales from 1898.

.
.

March

9,

THE CHRONICLE.

1901.1

At the Intebiob Towns the movement—that is the recelpta
since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1899-1900— is set out in detail below.

week and

for the

Quotations fob Midduno Cotton at Otheb Mabkets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each dav of the week.
OLOSIHO QUOTATIOIfB FOB KIODLIHO OOTTOR ON —

Week ending

March
C3

B » P

s>

8.

Galveston...

0-

New Orleans

9

Bfoblle

s*a

X*-!

EX]

sal

.

=

2a:

MM
gr.

-

.

.

.

:

.

.

>€ 9i
.

.

.

fc-WM

<l

MM

00

CO

00

^

^

WM^I
*
-^
M"

CO

t-i

CO

(OMMtS

Mu•^^

^"1

Ska

OI-'kOM

W

(-•

taio-

|f»WXM^ W 00 OJ»*'aOWO _t0 03»0 Wj© O^c^ O^ "^
"ioaoV|'TCI-''bi''>-0" W' 'bQDV»0 0'"^OiODVM'OCOOlw'M'U>M'0'co'CT
it^^iMMCOto^JtOJ'; tOtoOOtoOCiOutoAi-'OMii^i^.aicoOKoasO
0>CdW>-'

CCCOUIOSODWCX^JO' »iM'lfkOWts><l«tC>-'O<J't0k0-J0<»0t0OC0~J
to

MO'

WU>1
uico

w
1^

M

to

to
to to'oo K- (O

Ifr.

l«k

to

A tC ts'tO

mVj

tiC0l-i05

QD

05

N«3
y
oi M to M M

O ® po

M

t3 o><i OS CO o"
en ti_p'_<I_a CO 0> tc_*- 05

*»•

*•

I-

ta

M
M
c w a o* M
e
M «p w
ja p <1 p 00 C" w

®

*k oi to
<1 Oi

ifk

e»5

"towVocl^Vo'c^'tcVwVjCTCT wao3'c:"i»oto'©to'^'k>oslo<iosoM
C;ii-'C0Oi(klo>-'l-'t0tC^WJi'>05^-C;'l«'i"0t>'-'C0Qt'0Sl^Clf^MOC0tD
i-'a)Uitoi»^(Oi^<]covit9>4i^cpcoocBa<i(>^i-'acwcat3cnaiu<cotoi^k3
to
to

M

M

to

05

tocn-

,

CO

•-*

Mitoco

to

ill
&

00 CO

M M CO »3 to to
to

coc7>*Jtocoootav<iUibo<

The above totals snow that the interior stocks nave decreased dnring the week 20,459 bales, and are to-night 236,990
bales more than at same period last year. The receipts at all
townp have been 27,706 bales more than same week last year,
lAND Movement fob the Week and Since Sept. 1.—
below a statement showing the overland movement
che week and since Sept. 1, as made np from telegraphic

Oy

Cox

3./e

The results for the week ending
reports Friday night.
Mch. 8 and since Sept. 1 in the last two years are as follows.
1900-1901.

March

8.

„
Week,
,

SMpped—

—

VlaSt. LoalB...^. ....
.......
Via Cairo
~
Via Padaoah
Via Rook Ipland
VlaLoalsvlhe....
VlaOlnolnnatl
Via other routes, &o..„. .......
Total gross overland..........

Deduet ihipmtnls—
Overland to N. Y., Boston, Ao..

Since
g^pf 1

1899-1900.

Week.

12,324
2,492

732,189
188,968

18,102
6,038

100
400

5.899
51,448
110,672
77,317
234,779

386

1.043
2,248
6,163

54
3,530
3.902
3,389

Since
Sept.

1.

713,381
196,852
9,919
ll,bl4
192,105
120.195
242,919

24,770 1,401,272 35,398il,486,985

341,534
92,546
40,814

9,142
581

Inland, <bo.,fromSoatli

10.235
1,073
1,030

2,653

222,001
70.633
75,040

Totalto be dedaoted

12,338

474,894

12,326

367,674

Between interior towns

*

Leaving total netoverland*.. 12,432 926,378 23,072 1,119,311
Including movement by rail to Ganada.

The foregoing shows the week's net overland movement
this year has been 12,432 bales, against 23,072 bales for the
week In 1900, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 192,933 bales.

In Sight and Spinners'
Taktnge.
Beoelpts at ports to Mob. 8

HetoverUndto Mob. 8
Boatbem oonsumptlon to Mob.

8.

Total marketed
Interior stocks In excess

Game

Into slgbt dnring
Total In slgbt Mob. 8

Lools
Ho OB ton

9»ie

9
9

9

914

9

9%

9i«

1896.

813i8

Atlanta
Charlotte

8S8

ColnmbaB,Ml8S
Eofanla

8\

Little Rook....

8^
838
8^

OolnmbnSiOa.

8'^

Montgomery...

8*9

from the South

9
9

8 '8

f-iiia
S'^s

S^,

at other importart
Nashville

Natchea
Raleigh
Shreveport

8\
87,8
S^s
8^4

telegraphic ad-

evening indicate that the weather
has been fairly favorable the past week. The precipitation
has been light as a rule, andplowing has made good progress
In some sections, however, reports
at a number of points.
denote rather low temperature the latter part of the week.
Galveston, Texas. There has been only a trace of rain during the week. Average thermometer 55, highest 70 and lowthis

—

Abilene, Texas. There has been no rain during the week.
Freezing weather on Tuesday, Wednesday and Thursday.
The thermometer has averaged 51, the highest being 78 and
the lowest 24.
Corpus Christi, Texas. There been only a trace of rain
one day the past week. The thermometer has averaged 62,
ranging from 42 to 82.
Palestine, Texas. — It has been dry all the week. The thermometer has ranged from 28 to 86, averaging 57.
San Antonio, Texas. There has been no rain during the
week. Average thermometer 63. highest 96 and lowest 30.
Ardmore, Indian Territory. The weather has been favorable for plowing the past week. One- quarter of an inch of
rain has fallen to day.
New Orleans, Louisiana. There has been rain on one day
during the week, to the extent of forty- eight hundredths of
an inch. The thermometer has averaged 56.
Vicksburg, Mississippi.— We have had only a trace of rain
during the week. Planting preparations have made fair
progress and are up to the average. The thermometer has
averaged 50 5. ranging from 26 to 78.
Columbiis, Mississippi. There has been rain on one day
during the week, the precipitation being twenty- five hundredths of an inch. The thermometer has ranged from 23 to
77, averaging 50.
Leland, Mississippi,— It has rained during the week, the
rainfall being eighty-three hundredths of an inch.
Average
thermometer 51*4, highest 78 and lowest 22.
Little Rock, Arkansas.
It has been dry all the week.
The
thermometer has ranged from 22 to 62, averaging 43.
Helena, Arkansas. There has been no rain all week, but

—

—

—

—

the weather

now warmer and

threatening. Average therhighest 79 and lowest 20.
Memphis, Tenneasee.— Rain has fallen on one day of the
week, the rainfall reaching one hundredth of an inch. Plowing is active.
Average thermometer 49 8, highest 75 5,
lowest 21-4.
Nashville,Tennessee.—There has been rain on one day of the
week, the precipitation reaching twelve hundredths of an
inch. The thermometer has averaged 47, the highest being
80 and the lowest 14.
Mobile, Alabama. Farm work has made good progress.
There has been rain on two days during the week, the rainfall reaching one inch and forty-nine hundredths.
The ther-

mometer

is

54,

—

mometer has averaged

the lowest
152,062
8,339,769

7,753,457

Rortb'n spinners tak'gs to Mob. 8. 22,1351,507,020 55,752:1,939,921
' Decrease daring week.
Movement into sight in previous years.

1899
1898
1897

9
9

813,8
815l«
813i8
9
9i«

53, ranging from 31 to 69.
Montgomery, Alabama. We had rain on one day in the
early part of the week, but since the weather has been cold
1899-1900.
1900-1901.
until to-day.
The precipitation reached four hundredtbg
Since
Since
of an inch.
The
thermometer has ranged from 25 to 73,
Wuk. Sept. 1. Week. Sept. 1.
averaging 51.
Selma, Alabama.— Hry weather has prevailed all the week.
140,873 6,028,880 153.155 5,659.181
12,432 926,378 23,072 1,119,311 Average thermometer 40, highest 55, lowest 20.
29,000 766,000 31,000 792,000
Savannah, Georgia. — We have had rain on one day during
182,305 7,721,2581207,227 7,570,492 the week, the precipitation being five hundredths of an inch.
- 20,459
618,511.* 55,165
182,965 The thermometer has averaged 54, the highest being 75 and

week 161,846

Week.
bales. 138,654
175.441
84,89y
82,289

9H

9

8^8

—

OtO' |(»•^M'0;^?CO' Mit>.co^i>-«co050tit-<oo<OOW<<lcDU<Ci#>^
o-j; cocooicotot-'J MmOif-cccoa. o>c»roo5<xo»-^OJtoo'05to©
WO' to CO to c tt^i-'- ococ^oa o>toi(>-ooco;».M-^cctototWMOto

We

919
S'e
81I18
8^8
813,8

8'h6

—

^cmi-'
•

9

93,8

889

—

CO

^

o
i^Pj^J* i*l*
c^o^kw^i Vi'—cow
esi^i-'osu'eoi^^oDMOMotooosM'ooj! m oa co oo ~a oi oo os co m as
W«lQDOO«4C0<l<XtJ tOCSMtOOtOtnOOO OJ»JtSOOOMtOMtO*'Mi

aotow_M JO if^
o»
i^MOitOM'toik'toeotOMi'&j'MoasMii^OitO'

9

8''8

S-'b

914
9i«

815,6

9

9

8i5ie

.

8%

S58
8I9
8»8
838
858

888
888
813^8
«1»1«

S-'s

9I18
9iie
93,,
8-'sa9

9

9

fi^

9'"'

9

ess 40.

»0M

t»
to

8"i6

—

to
i^'

tOtOCXtOOk
^OitO'^-J'Sii-'Wif'.COCOO^-tOOU'tOOVO-.O'lOilk
coi-'ccaov<cctooDi-'Oi-K^tr. cccooooi^cccotca^ao^coao

wooif^Ti
*• to to

a>

Mlk r.'l'co

813,8
8«8
8»8

Weather Reports by Telegraph.— Our

COMMtO

)-•

8%

Memphis

vices

OCDcca- uwcoaBtOi(^>iaE>MOiOaoi^tocoao«Qoatoa>cO'^Ot3co
*^

813,8

8%
8\

Aagasta

Athena

WCC0503' ifk a* O 10 CO W V to CO kS <» 00 to 00 *» fcS to <1 .«» »JIO'3>aO
i^cooco: cotsco<iotocoaoii^ coMaDm^aoc;<utototo^c^c^ika>to
CO

8'8

Southern markets were as follows.

fio

MM M

-*

09

V>

to

rii e^t (*» Cxj £iT ;ft

i£i.

Fri.

The closing quotations to-day (Friday)

MMM'M

»0

•>*

Thurt.

9Si8
93,8
96l8

Cincinnati

M 05 M Qi »<> CCT tO"^*05M
O ^ — » »J CO to M to CD 00 tC tS «» WjC
m m '^ ^ r«
-o

OB hS I3«
~Jt0O'^»JtCW<'y-^"4OV'"- ac
'^^%>. ^.* .- ji "^ /^ kn c» ^.^—i^^B^nrrt^^

OOOCOi*^

9
9
9
9

8'8

9^

LoalBvllle...

Ml CO'-'

8 '8
8 'a

"^8

Wednet.

93,8
93i»
97l8
918

8t.

M

CO

M

1

9

9

9

Wilmington.
Norfolk
Boston
Baltimore .
Philadelphia

11

..

.

9118

9
9

Charleston.
9t

Tuet.

6

Bavannab...

H Hobo ZR
tS
6^ 1^

Mon.

Satur.

5a

o
a

495

1898-99
1897-98
1896-97
1895-96

Sin4» Sept. 1.
bales. 9,507.713
9,720.375
7,617,713
6,181,876

28.

—

—

Augvata, Georgia, The season is backward, but work is
fairly well advanced. There has been only a trace of rain
during the week. The thermometer has "averaged 49, ranging from 23 to 77.
Charleston, South Carolina.
have had rain on one day
during the week, the precipitation reaching one hundredth
of an inch. The thermometer has ranged from 29 to 70,
averaging 51.
Stateburg, South Carolina—There has been only a trace of

—We

:

THE CHRONICLE.

4t^6

rain on one day of the week.
Latter portioa of the week
quite cold. Average thermometer 53, highest 78, lowest 21.
Greenwood, South Carolina.— We have had no rain the past
week. The thermometer has averaged 49, the highest being
61 and the lowest 37.
The following statement we have also received by telegraph,
ehowing the height of the rivers at the points named at
« o'clock March 7, 1901, and March 8, 1900.
Mch.

Hew Orleans...
Nashville........

Shreveport.

Vloksbnrg

Mch.

8,

'00

4-8
3-7
4-1

10-2
18-0

QiiardiHts

Manufactures

of

and uncolored)
Exported to-

of

Month ending Jan.

United Kingdom
France

1«01
381,S24

yards,

60

Movement from all Ports.— The recelptfl
Bombay and the shipments from all India ports

of cotton at
for the week ending Mch. 7, and for the season from Sept.
to Mch. 7 for three years have been as follows;

1

Otber Europe
British North Atnprica
Cent'] America & Brit. Honduras.

Beceiptt at—

Since

Week.

Bombay

Sept. 1.

Since

318,756
17»,700
811,601
•

Week.

Sept. 1.

For tKe Week.

Sept. 1.

88,000 1,133,000

670,000

997,000 27,000

61,000

Week.

Since September

1.

MxportB

from—

Great

Continent.

Britain.

Total.

Qreat
Britain.

Continent.

Total.

9"8.62i)

Hong Kong

8,016,643
3,147,374
41,600
13.891
15.206
221,802

,

British Australasia
Hawaiian Islands
Philippine Islands
other Asia and Oceanica.,

1900-01..
1899-00..
1898-99..

23,000

2,000

3",ood

298,000
37,000
227,000

335,000
37,000
230,000

8,000
1,000
2,000

13,000
7,000
14,000

16,000
8,000
16,000

25,000
1,000
16.000

37,000

1.000
16,000

2,000

2,000

Galoutta—
1900-01..
1899-00..

1898-9 J..

Madras—
1900-01 .
1899-00..
1898-99..
All others—
1900-01..
1899-00..
1898-99..

1,000
1,000

1.000
1,000

11,000
3,000
16,000

7,000
1,000
2,000

18,000
4,000
17,000

32,000
21,000
55,000

8,000
3*,6oo

4,6o6

3.000

40,000
21,000
59,000

1900-01..

26,000
5.000
19.000

2,000

1899 00..
1898-99..

28,000
5,000
19,000

354,000
68,000
311,000

55,000
2,000
11,000

409,000
70,000
322,000

Alexandria Receipts and Shipments of Cotton.—
Alexandria, Egypt,

March

1900-1901.

6.

1899-1900.

1898-1899.

150.000
Since

Thit
week.

Sept. 1.

."5,113,000

Since

Thit
week.

Thit
week.

Sept. 1.

Since
Sept. 1.

Liverpool

15,000 231,000 7,000 325,000 10,000 229,000
12,000 187,000 16,000 309,000 14,000 224,000

To Continent t
Total Europe
*

27,000 418,000 23,000 634,000 24,000 453,000

A oautar is 98 pounds.

In 1899-1900.
1 Of which to America In 1900-1901, 35,017 bales;
62,216 bales: In 1898-99. 30,110 bales.

Manchester Market.— Oar

report received by cable
to-night from Manchester states that the market is quiet for
yarns and dull but steady for shirtings. The demand for
India is improving. We give the prices for to-day below and
leave those tor previous weeks of this and last year for

comparison.
1901.

8H

1900.

Ibt. Shirt- Oott'n

32« Cop. ingi, common Mid.
Twitt.

d.

d.

Feb.l 87i6«938
" 8 3i« 9938
" 16 8% 09>4
•• 22 838 O9I4
Moh.l 8Bi8®9l8

to finest.
s.

d.

5

6
6

5
5
5
5

s.

«8
98

5ifl®8

5>d08
5

98

TTplds

d.

d.

II3

513s2
51532
61332
5Bi,

3
3
3
3
3

bH

82t Cop.
Twitt.
d.

738
788
7'8
7'8
8i«

d.

98
9314
981a
®8S8

99

SH

Iht. Shirt- Cott'n

%ngi,

common Mid.
Upldt

to finest.
8.

d.

5
5

98
4 98
6 98
6 98

3

6»fl«8

6
7

5
5

5
5

s.

d.

2

d,

4!^

4I3
4ifl

6^39
53^0
5ie

6%

©9
5 4ifl08
51 63
6>«98
51.12 85iea9i4
Jute Butts, Bagging, &c.— There has been an inactive
market for jute bagging during the week under review and
prices are nominally unchanged at 5Jgc. for 1%-lb. and 6)^c.
"

1,048,350

2,746

295,989
412,247
889,510
217,709

2,819,023
2.216,621
1.374.87J
...

, , .

,

i4,';o7,eo2

957,815
3,111,020
4,109,623
21,690.863
21,476,080
6,809,4^5
134,818
228,171
1,618.361
752,2C9
6,606,806
8,487,193

5,94:i,416

2,215,411
12,171,415
1,303,814
4,287,478
3,8 10.208
11,458,978
115,993,840
4,868,056
161,538
311,913
l,718,2t5
2.086,104
100,991
21.384,877

Total yards of above...

14,090,16«

$b3a,401

»1.474,007

$0694

$0507

177,033
354
52.572
24,116
161,410
34,S69
46,168
2.248
9,261

$10,415

11,221
1,289
3.685
6.840
7,886
2.474

11,944
1,287
2.451
1,850
6,375

VdlueB of other Manufactures of
Cotton Exported to —
United Kingdom
France
"

other Europe
British North America

America &
Mexico
Cent'l

Brit.

Honduras.

Santo Domingo

Cuba

1,«55
22,375
16,261

164,3a6
31.831
63,608
2.711

8.865

Porto Rico

$6,414,064 $10,718,624
$•0592
$-0494

$661,143
e,886
325,476
111,880
1,191,827

239,834
291,702
30,142
61,81s

1.991

other West Indies and Bermuda..
Argentina
Brazil

Colombia
other South America
China

206

British East Indies

Hong Kong

80
eoo

615

27,098
66,68P
160
8,020
2,664

21,48S

Hawaiian Islands
Philippine Islands

5?3

other Asia and Oceanica

4,b01
8,896
1,042

Africa
Tot. value of oth. manufact's of.

Aggregate

8l8i«

for 2-lb., standard grades. Car-load lots of standard brands
are quoted at 6i^@63^c., f. o. b., according to quality. Jute
bntts continue very dull, with prices nominal at \]4@\%g,
for paper quali^v and l^^@l>^c. for bagging quality. Prom
Messrs. Ira A. Kip
Co.'s circular we ascertain that the deliveries of jute butts and rejections at New York and Boston
during February were 25,050 bales, against 10,498 bales
for the same month last year, and for the two months since
January 1 the deliveries have been 69,688 bales, against
40,696 bales last year. Importers and speculators at New
York and Boston on February 28 held no stock, against no
stock at the corresponding date in 1900 and the amount
afloat for the United States reaches 81,705 bales, against
143,374 bales last year.

&

;

Domestic Exports op Cotton Manufactures.— We give
below a statement showing the exports of domestic cotton
manufactures for January and for the seven months ended
Jan. 31, 1901, and for purposes of comparison like figures for

6,07'-,087

29,048,966 108.28-».716 317.681.987

val. of all cotton

{468,069

$458,832

goods $1,304,467 $1,927,389

7d.3'69

9,576
30,822
27,634
56,777
26,048
1,662
7.862
Z03.461
5.028
60.973
31,079
6,802

$296,006
8.575
111,977
69,600
1,166.381
219.317
268,483
8,185
107,090
21,244
97,092
18.972
i8.664
26.774
46,0(<8

0,854

3181
7,864
184,770
842,021
6,683

65 268
37,946
4,390

$3,160,825 $3,029,555
$9,874,879 1«13.778,07

—

SHiPPiNo riBWS. As snown on a previous page, cbe
exports of ootton from the United States the past week have
reached 103,707 bales. The shipments In detail, as made up
from mail and telegraphic returns, are as follows:
Total balet.

Liverpool, per steamers Bovlc, 1,366

Iberian. 194

1.560

To Hull, per steamer Ohio, 502
To Manchester, per steamer Nasmyth. 520
To Havre, per steamers La Bretasne, 394 upland and 230
Sea Island
La Gascogne (additional), 229 upland and

—

261 Sea Island

Bxports (bales)—
l!o

3,568.24!!
17,a2t<,4'S3

Total values of above.
Value per yard

120.000

95,000
6,014,000

4,302,000

8,tiOS.225

3.808

»»w YOHK—To

Beoelpts (oantars*)...
This week...........
Since Sept. 1

8<'8,tl6

4,166,220

224.?)76

.

other countri e s

Total aU—

82,26;i

672,30?

other countries

British Australasia

3.000
3,000

3,906,80S
32,911
143,646
612,237
4,596,124
9.601,861
4,633,796
592.913

1,241,176
453,323
164,890

20,570
OlfiiZ

Germany

Bombay—

4,274.114
18,870
524,608

253,837
1,72;,H16
264,666
181,017
250,6r9

>

2,167,233
200,76H

,

Japan

.

1899-00.

249.179

!i;3a,419

6<^^,^-07

Colombia
other South America
China
British East Indies

Africa

Since

1800-01

8,289

7&7.16ii
1,035.29;)

,

1898-1899.

1899-1900.

1900-1901.

7 mos. ending Jan. 31.

19C0

399,519
82,828

Brizil,

India (Jotton

31,

^

(lerraany

Porto Rico
Other West Indies and Bermuda..
Argentina

162

also

Ootton, {colored

Cuba

29

9-4

year are

prfisented

Santo Domingo

Feet.

29

the corresponding periods of the previous

Mexico...

Feet.

Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gacge.
Above zero of gauge.

Memphis

7, '01.

Vol. LX2II

To
To
To
To
To
To

602
520
1,114

Hamburg, per steamer Phoenicia, 242

242
Antwerp, per steamer Southwark. 146
146
Lisbon, per steamer Dona Maria, 200
200
Genoa, per steamer Trave, 536
536
Naples, per steamer Tiave, 100
100
Trieste, per steamer Peoonlo, 100
100
Sew Orleans— To Liverpool— March 1— Steamer Florldian,
4,113
March 5- Steamer Navigator. d,269
March 8
—Steamers Barbadian, 6,000; Traveler, 4,912; William
Cliff, 4,P 00
22,794
:...
To Belfast— March 5— Steamer Torr Head, 4,733
4,733
To Rotterdam— March 2— Steamer Wimborne, 900

—

March 4-Steamer CalUsto. 1,00
2,600
To Copeuhagen-March 6— Steamer Texas, 2,200
2.200
To Oporlo-March 5— Bark Bella Formlgoaa. 600
600
To Genoa— May. 7— Steamer Semplone, 3,9i>0
3,900
QALVK8TON—To Liverpool— March 4-Steamer Orion, 6,420
March 5— Steamer Consols, 5,575
11,995
To Havre-March 6— Steamer Hydaspes, 18,076
18,076
To Bremen-March 1- Steamer Wurzburg, 7.711
7,711
To Hamburg— March 5— Steamer Armenia, 3,511
3,511
4—
AntwerpTo
March 1— Steamer Oriel 2,952
March
Steamer Hornby Castle, 3,136
6,088
Sabine Pass—To Liverpool- Mch. 5— Steamer Pharsalla, 5,195 5,195
To Rotterdam— March 8 -Steamer Pandora, 1,.^05
1,505
PBN8ACOI.A—To Liverpool—March 4— Steamer Serra (addi1,578

tional), 1,578

To Hamburg— March 2— Steamer Urania (additional), 244.
To Venice— March 4— Steamer Esemplare, 60
BOBTON—To Llverpjol- Feb. 2S-8teamer Devonian, 3,727
March 1— Steamers Michigan, ^1; Turcoman, l,ai9
Baltimoeb—To Bremen— March 6— Steamer Frankfurt, 400...
To Hamburg-Feb. 28-Steamer Belgravia, 500

Llverpoool

c.

Havre

c.

Hamburg
Amsterdam

....c.
c.
e.

New York

400
800

Mon.

Tm«.

14
21
27
25
32
27

14
21
25

38

14
21
25
24
32
25
40
38

34@35
19320

Genoa, Jan

c.

38
38
26ia-2S

Trieste

c.

34'S>35

T. HU11...C.

V. St. Pet.c.

the past week have beec:

Satur.

Rotterdam
e.
Reval, v.Br-Hame. 35®40

Do
Do

4,997

103,707

Total

Cotton freights at

Bremen......

244
60

24
32
25
40

Wednet. Thurt.

14

14

21
25

21

24
32
25
40
35

25
24
32
25
40
35

Fri.

14
21
25
24
32
25
40
35

26
24^26 24926 24926
34035 34®35 34-935 34935
Antwerp
20
19®20 19320 19®20 19920
c.
25-3126
27
Ghent, v. Antw'p.e.
25@26 25'326 25 926 253 26
Quotations are cents per 100 lbs. or fractions of a penny per lb.
26

i

:

,

March

THE CHRONICLE

9, 1901.J

—

LlVEKPOOL. By oable from Liverpool we have the foUowiaggtatement of the week's sales, stocks, &o., at that port.
Feb. 16

Feb. 22.

Mch.

JTcA. 1.

8.

48,000

64,000
59,000
2,900
200
1,000
2,500
Of which
......
1.100
200
1,200
Of which
46,000
50,000
57,000
50,000
Bales American
5,000
3.000
6,000
10,000
Actual export
64,000
93,000
60,000
61,000
Forwardea
•763,000
726.000
747,000
736,000
Total stock— Estimated
Of which American— Est'd. 649,000 654,000 641,000 672,000
50,000
107.000
6S,000
28,000
Total import of the week
47,000
90,000
46,000
21,000
Of which American
171,000 173,000
216,000 16fS,000
.•••
Amoant afloat
146,0001 140,000
139,000
193.000
Of which American
* Stock corrected by a netarirtitlonof 34,342 bales, as foUowB; added,
39.624 American and 1.146 K«yptlan; deducted, 2,342 Brazilian, 203
West Indian and 3,883 East Indian.

Sales of the

53,000

week

bales.
exportei* took...
Bpeculators took.

—

of the Liverpool market for spots and futures
each day of the week ending Mch. 8 and the daily cloeinp
prices of sp ot ootton. have been as follows.

The tone

Monday. luetday. Wed' day. Thurtd'y Frioai

Spot.

Sal'day.

Market, }
P. u.\

Dull.

Mid. Upl'dB.

5633

5ie

5132

5333

6.000

10,000

10,000

12.000

500

500

600

1:45

Bales
Bpeo.

200

Aexp.

Futurei.

Qalet.

Weak

Market,

I

1:46 P. u.

]

Market,
4 p. M.

Easier.

at Br'lyst'dy Easy at
3-84
2-«4
2-64 dedecline.
decline.
cline.

and

Steady.

request.

Steady.

Qalet.

Barely
steady.

unsettled

Firmer.

Easier.

5I33

5

@

Irregular
l

Increased

14,000
1,000

12,000
1,000

Br'lyst'dy Steady at
2-04
1-64 dedecline.
cline.

1-64

@

Easy.

Qnlet,

The prices of futures at Liverpool for each day are given
below, Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
Sat.
Mch. 2.

mon.

Tnes.

Mch.

Mch.

4.

5.

Tbnrs.

DFed.
Mch.

Mch.

6.

7.

FrI.
Mch. 8.

1 1:45 4 1:45 4 1:45 4 1:45 4 1:461 4
H. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.

12ht
p. U. V.

d.

d.

d.

d.

5 06 5 06 6 04 5 00
Moh.-AprU.. 5 05 5 05 5 03 4 63
April-May.. 5 04 6 04 5 02 4 63
May- June... 5 03 5 03 5 02 4 62
June-July... 5 02 5 02 5 01 4 62
July- Aug.... 5 00 5 00 5 00 4 61
Aug. -Sept... 4 53 4 53 4 54 451
Sept.,L.M.a 4 53 4 53 4 51 4 51
Oct,, G. O. O. 4 33 4 33 4 32 4 29
Oct.- Nov.... 4 26 4 26 4 25 4 22
Nov.-Dec...

March

d.

d.

d.

d

d.

d.

d.

d.

4 61 4 61 5 00 4 62 4 59 4 59 4 60 4
4 60 4 60 4 63 4 61 4 68 168 4 59 4
4 60 4t>0 4 63 4 61 4.'S8 4 58 4 59
4 60 4 60 4 62 4 60 4 58 4E8 4 58
159 4 59 4 624 60 4 57 4 57 4 57
4 58 4 58 4 60J4 59 4 66 4 56 4 56

4 49 4
449 4
4 2« 4
4 22 4

50
50
29
23

4 52 4 50 4 48 4 47 4 47
4 52 4 50 4 49 4 47 4 47

431 428 4 27 4 25 4 25
4 25 4 23 4 21 4 20 121

58
57
57
56

56
54
45
45
25
20

Dec- Jan

BREADSTUFFS.
Fbiday, March
A moderate

amount

8, 1901.

of business has been transacted in the

The general trade has given infor wheat flour.
creased attention to the situation. There has been no buying in a large way ; still a steady demand has teen experienced, particularly for the better grades of spring- wheat
flour, and at fairly steady values. Low grades winter-wheat
flour have continued to drag. City mills nave been in fair demand and steady. Rye has had a moderate jobbing sale at
unchanged prices. Buckwheat has been quiet but steady.
The demand for corn meal hasbeen small, but prices have
been well maintained.
Speculation in wheat for future delivery has been dull.
FluctuatioES in prices have been within a narrow range and
the net change for the week is unimportant. Statistical developments early in the week were generally of an encouraging character. The U. S. visible supply showed a moderate
decrease as compared with an increase a year ago. The world's
shipments, although larger than those reported for the preceding week, continued smaller than for the corresponding
period a year ago. The Argentine visible supply of wheat
also was reported 4,000,OCO bushels, against 7,500,000 bushels
some time last year. During the week weather reports from
the interior were of a character to cause some apprehension
over the winter-wheat crop prospects. The temperature in
the West dropped sharply and the crop was reported unpromarket

Complaints of damage from insects also have been
reported from some sections. The less favorable crop news
stimulated some buying from shorts to cover contracts, but
this demand was met by selling by recent buyers to liquidate
their accounts; consequently no advance in prices was established.
Thursday there was a slightly easier market,
based on more favorable weather conditions reported from
the West. Business in the spot market was fairly active
early in the week, exporters being fair buyers.
Subsequently, however, the demand fell off. To-day there was an
easier market early, but later rallied, and closed slightly
higher for the day with shorts the best buyer?. The spot
tected.

market was more active and steadier. The
here and at outports were 200,000 bushels.
DAILT CLOBINO PSI0B8 OF

NO. 2

elev..
May delivery In elev
July delivery In elev

IN

NE1k¥

YORK.

TueM.

Wed.

SO
79

Mon.
80
79

8OI9
79>a

SO^a
79>4

80
79

7958
79>4

7988
79^4

79%

79\

79^4

79»4

7Q^
79,

8at.

Cash wheat f, o. b
March deUvery In

BED WIVTEB

sales for export

Thur$.

Frx.

SO^
79^4

79\
79>4

497

DAILT Ol^SnfO PBIOB8 OF HO. 2 SPBOrO ni

CHICAGO.

Sat.

Mon.

Mch. deUvery In elev

73''8

73\

74

April delivery In elev
May deUvery In elev

7484
75S8

7488
7538

743.t

74%

7534

7553

Wed.

Tues.

74

Thur$.
7313

73\

75i«

7539

Fri.

Indian corn futures have been quiet and there has been a
gradual sagging of prices. Early in the week the advices received from the Western market reported a prominent operator as a moderate buyer. This demand, however, failed to
fully sustain tae market, which felt the effect of a cot tinned
abscence of the export demand, shippers holding off, owing to
the higher prices ruling. The crop movement also was fairly
full, and this, too, had its influence against values. Business
in the spot market has been quiet. The sales for export have
been small and the sales to home trade also have been light.
To day there was a firmer market on moderate speculative
buying, The spot market was quier. The sales for export
here and at outports were 145,000 bushels.
YORK.
DAILT OLOSraO PBI0E8 OF NO. 2 MIXED OORN U
Bat.
Mon.
Tuet.
Wed. Thurt.
Fri.
47i«
4738
4714
47%
47%
48^8
Oaah com f. o. b

NEW

4618
4638
4618
45''8
4638
4638
May delivery in elev
45i«
4538
4533
45
45
4538
July delivery In elev
DAILT OLOSIKO PBI0B8 OF NO. 2 MIXED COBN IN CHICAGO.
Mon.
Tuet.
Wed. Thur$.
8at.
Fri.
39i«
3914
38%
3933
39^
March delivery In elev... 39ifl
41i«
41*4
40''8
40^8
40ifl
41
May delivery In elev

Oats for future delivery at the Western market have received a limited amount of attention. Early in the week
there were indications of ppeculative selling by elevator
interests, and later there followed selling by speculative
holders to liquidate accounts, under which prices weakened.
Locally a moderate amount of business has been transacted
in tbe spot market, but on a lower basis of values. To-day
there was a quiet but steady market.
DAILT 0LO8IHO PBI0E8 OF OATS IN NEW^ YORK.
Wed. Thurt.
Fr
8al.
Mon. ruM.
31
31
31
So. 2 mixed In elev
31
30%
30%
33
33
33
33
33
33
Wo. 2 white in elev
DAILT 0LO8IN0 PBI0E8 OF HO 2 MIXED OATS IN CHICAGO.
Mon.
Wed. Thurt.
Sat
Tuet.
Fri.
24I4
2438
24
2 1 "a
24ifl
24
March delivery in elev.
24T8
251^
May delivery in elev
2558
251^
2518
25
Offerings of rye have been small and prices have been unchanged and firm. Barley has been neglected and quoted
. .

have been nominal.
Following are the closing quotations:

pi ices

FLOUK.
Patent, winter.... i3 80 04
$2 10 02 20
City mills, patent.. 4 10 ©4
2 30 92 35
2 40 ®2 50
Ryeflour.superflne 2 80 «3
Buckwheat flour.. 2 00 «2
2 50 ®2 75
Clears
2 80 93 35
Oorn mealStraights
3 40 ®3 90
Western, etc
2 35 «2
Patent, spring
3 90 34 65
Brandy wine
2 45 -a
(Wheat flour in sacks sells at prices below those for barrels.)

30
75
50
10

Pine
Superfine
Extra, No. 2
Extra, No. 1

40

OKAIH.
Wheat, per bnsn.—
o.
0.
0.
Corn, per bush.—
Hard Duluth, No.l 89%091i4
i5\lH7^
Western mixed.
45%«47Sa
N'them Dul., No.l 87 »88%
No. 2 mixed
Red winter, No. 2 78%a80>s
4614348
Western yeUow
47i4»49
Hard N. Y. No. 2. 7914981
Western white
Oats— Mlx'd, p. bush. S0ifla33ifl
Rye. per bushWhite
32ifl»37ia
56 «61
Western
No. 2 mixed
31 a32
9 ....
State and Jersey..
No. 2 white
53 ©68
83 «34
Barley— Western
48 9
Feeding
The movement of breadstuffs to market as indicated in the
statements below is prepared by us from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending March 2,
and since Aug. 1, for each of the last three years have been:

now.

lM*<»ti mt-

Wheat.

Corn.

Oaf.

BtrliV.

/?»..

BbU.Weibi Buih.60lbi Btuh.BOlbi BufA.38ib( Bufh.48Ibf B«.66 161.
Jhieago
iCllwaake*..

205,790
21,876

roUdo

217,950

147,600

188,050

484,557

30,804

871,640

3,880
82.380

7.C83

442,110
402,182

66.7S6

8.600

6.400

107,183

43.863

27.500

12.760

60.200

5.000

2,467,049
51,300

878,162
1.389,040

Dalnth
iClnnaapolli.

26.868

89,876
83,760

2.011.419

870,358
207,000

8.890

aetrolt
Jlaveland...

6,100

65.139
89,107

n.Lonlt....

S6.7e5

16.480
85t,8eo

83l,66>
769,075

P«orl»

25.760

14.100

583,000

644.000

853.500

177.867
896.400
284.700
74.400

881.833
389,048

8,181,636

5.f35.C00

3,406.039

6C4,960

8,696.079

6,lf8,668

8.88S,88S

1,001.184

112,888
67,028

197.377

3.408,632

4,886.591

8.803.818

884,668

178.685

Kaniai Otty.
Tot.wk.l90l

4ame wk.'OO
Sam* wk.'99.
SUutAut. 1.
1900-1901....

1898-1900
1898-1899.

...

11,878.898 161,833,703 138.971,780 1C8.529.187
12.185,876 149,£07.837 141.8^6.468 106.719.138
9.684,821 209,076.96? 146,87S.92) 111.129.220

34,819.560 3.610.718
82,827,783 4,497, ICS
S0,eo8,72l 8.872.055

The receipts of flour and grain at the seaboard porta
week ended March 2, 1901, follow

for

Che

„

,

B4CH9tl at—
.^ewYork
3oiton
Montreal
PliUadelptila

Baltimore

cHehmond

Sew Orleani*

Newport Newi
Norfolk
ialreiton
Cortland. Me

3t.John.N.B

Toul week

.flour.
bbl4.

108.143

29f03
10.250
60.790
65.880
3.U58
15.180
69.652
18.663

tVn*at,
bufTt.

280,800
13S.007
ib.lOO
802,643
132.H^5
15.206
826.500
144.000

Oorn,
huih.

OatI,
^u(^.

B*riit

977.026
432.9W0

69.=),000
S:t!9,413

8,800

4,r,oo

37,600
lip.J40

is.coo

721, 2»4
800.t)14

80.500
44rt,0O0

331.635
287.817

fl:f.i-.'4

Btt,

buih.

80,000
1.2£0

81.600

80.568

84,0.'2
104.0 O
10J,000

16.288
16.714

843.100
97,974
47 465

10,750

Oe,!!"!

20,043

4ii.89t

lOiSO^O

4,093.178

l,41S,a97

63.493

8,078

S6,«07

167,3C(5
-Veek itoo
421,807
60J,681 4,3i>a.008 1.013,151
* Reoelpta do not tnolnde ffraln paulns thiovfh NewOrlcsai tor
>orti on throngb bllli of ladlur

60,84»
16.443

tareUe

.

THE CHRONICLE.

493
Total receipts at ports from Jan.
follows for four years:
/{•e«t»ti9/-

flour

bbll.

WtaUt

'
••

Barl«r

•

B7a

••

"

Total sratn....

to

March

3,889.867
80,-<l01.203

^8,969,839

compare

10.47*.0«6

ae

^"8v„

8 507,603

13,491,885

88 889.400
80.803,585
9.345.888

10,358,271

88,605,771
11,811.184
i,«8e.797
414.881

2

1899.
8,8*4,692

IBOO

1801.
8.413.769

bttlll. 17.610.908

Corn
Oati

1

S7.41IO,7:i2

18.Xi!7,698

2,;<28.efl4

esi.wtio

1,2:10.49,1

884328

1.808,698

8.or7.748

53,677.181

61.718,915

78.564,380

medium-grade staples for fall, a quiet market prevailing in
other descriptions. Easiness in flinnels and blankets has
been light and the market without change.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending March 4 were 4,163
packages, valued at f200,455, their destination being to the
points specified in the tables below :

New York

The exports from the several seaboard porta for the week
ending March 2, 1901, are shown in the annexed statement
Oat$

858.242
4'M,0S3

79.013
41,964
15,868

186,000
626,167
eOJOOO 1.149.931
tiSS.OUO
854,000

fl«.72i

182,668
90,000
86,807
39.670

bush.

H»w York

770.6(19

Boiton

261,080

Portland. Me.
Philadelphia..

97,1174

Baltimore

Mew

Orleani..

...
Norfolk
NewD'rt New* 144.000

OalTeiton.

88,339
17.342
13.683
59.658

287,k!17

88l.B3d

Pea$,
bush-

buth.

85 868

4.432

»,676

49,686

hu«h.
2J,742

44,090
,'.'.'.'.'.'.*

."..*.*.'.",'

io'^ooo

10,750

Total week .2,190,168 4,377,691

"is. 174

ea.i»i

836,678

659,416

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

46,814

80.048

44.544

100,248
81,684

49.785
8.476

Same time '00 681,484 8,863,095 897,306 485,688
The destination of these exports for the
September 1, 1900, is as below:
,

WMmt.

-Wiour.-

,

a»rn.

27,748
1H.607
18,961
160
8,984

969.846
497,310
6W1.0U2
61.310
183.104

1.007.900

84,421

l,b47,3?7 49,414,1411
477,872
1«,544
521,930
87,431
161.022
68^,400
37.031
813,769

888,678
Total
Total 1899-1900.. 297,806

7,998,415
7,815,066

8,190,158
081,484

48,165,777 4,377,691101,842,816
47,8b8,881 8,888,095 102.960,194

A C. America.
Weit Indies
B.

Br.N.Am. Colo'i
Other ooontriei

17,08!*,01Jii

16,629

90

The visible snpply of grain, comprising the stocks in
granary at the principal points of accnmnlation at lake and
seaboard ports, March 2, 1901, was as follows:
Corn,

In (tor* at—

buih.

HewTork
Do afloat

8.886.000
8.000
967,oou
455.000
640.000
668,000
1,800,000
96.000
77,000
8,034.000
1,014.000

Boston
Philadelphia
Baltimore
New Orlean*
Oalyeston
Montreal
Toronto,.
Bnllalo

Do afloat
670,u0il
Do afloat
Detroit
429,000
Do afloat
ll.804,nn<'
Okloago
Do afloat
67,000
Illwaokee
l,047,uuii
afloat
Do
rtWUl'miPUArthnr 1,717.000
Dnlath
7,731.000
DO
afloat
Toledo

MinneapolU

17,153,00"
8,810,000

Bt Lonii

Do

afloat

OatB,
buih.

buih.
888,000

248.000

421000

isb'.ooo

1,067.000
1.046,000
1,124,000

84,000
211.000

12,000

161,000
4.000

1,968,000

881.000

By*,
bulk,
19,000

Barleti,

bulk.
816.000

110,000

"9,006
*39,00d

48.000
8,006
740,000

" 9,00(1

531,000

2,000

87,o'o'6

27,000

4,0'j8,r'i'o

8,l38,00n
1,204.000
777.000
388,000

656.000
1,000

253,000

1,0«0

27,0f'0

4,267.000

1,017.000

810.606

75 00.

888.000
648. 00 V

8,217,000
40.300

'15606

S3.oioi,

18,000

15,000

43,000

21.00c

1.865,000
666,0 u
128,000

16.000

KansaiCltr

1,292,000
8.000

Peoria
Indianapolis

198,000

588,000
869.000
87,000

11,000
680,000
80,000

3,000

OnMliBiaiipplRlTor

OnLakei

On oanal and rlrer
Total Mar. a, 1901*. 67,284.000
19,784,000
10,550,000
1,163,000
1 680,000
Total Feb. 23, 1901». 67,fi:^e.000
18 21H.O0O ll.,6B7.000
1,156,0(10
1.650,000
Total Mar. 3 190O+. 64.0 ?3 000
19,688,000
6,058,000
1,176,000
1,850 000
Total Mar. 4. 1899t. 2t',t77.000
8.^,838,000
10,(123,000
1,642 000
8 681.000
Tnta' Mar. 5 1898+. 80,012 000
41,471,000
13.184.000
1.891000
8,678,000
• Includes stocks tn private elevators at Milwaukee.
+StockB In private elevators at Milwaukee not included.
Note.— BeKlnning July l, 1899, the New York Produce BxchauKe has changed
Its Visible Supply Statement by including stocks at New Orleans, Galveston.
Ft. William and Pt. Arthur (previously omitted) and leaving ont Albany
OsweKO and Cincinnati, formerly Included.

Great Britain
Other Bnropean
China
India
Arabia

Yoek, Friday, P. M., March 8, 1901.
The developments in the market during the past week
have all been in favor of buyers. In the cotton goods division there have been reduced prices named on some important
staple lines, and in the woolen goods division new lines,
or substitutes have been put out at low prices. There
has been some increase in the aggregate volume of business recorded, but it has not been of a character to show
that buyers even with such concessions in their favor are
inclined to depart from a conservative policy. The reports
coming in from various distributing centres show that business with jobbers has been on a free scale, and agents are
puzzled to know what influences are at work to prevent a
fuller reflection of this at flrst hands. The course of raw
material has been downward, but the selling price of goods
has been this season below parity with the top of the market
for the raw staple, and is not to- day in the majority of
instances returning cost of production. This is an anomalous
condition, but buyers are not disturbed by it.
Woolen Goods.— moderate increase in the demand for
men's-wear woolen and worsted fabrics has been reported
in quarters where new lines have been put upon the market
at a reduction in price from what standard fabrics opened
the season at. Unfinished worsteds and serges have been
affected in this way. The " substitute" lines show a redaction of 73^ to 10 per cent in price, with, according to buyers,
but little variation in quality. There has been no material
change in the market for fancies. Several new lines of highgrade goods have been opened this week at from 10 to 173^
per cent decline from a year ago, and have had only a moderate call. Low qualities in cotton-warp cassimeres, satinets
and doeskin jeans have been quiet throughout, (ivercoaticgs
are dull but cloakings continue in fair request. In dress
goods there has been a considerable demand for low and

A

Week.

1.

703
513

32
40

200
166

1,350

5,626

7,647

576

383

53,546
3,722
6,846
1,001

4,052

2,588

105

828

WestlndleB
Mexico

293
33
295

4,858

199
291
116
394

348

South America.............. 2,002
32
Other Ooantrles....
...
Total

Since Jan. 1.

3

45

Africa

4.163

3,>;96

634

2,238
11,582

2,023

893

177

2,392
9,336
1,496

32,217

13.890

83,235

The value of the New York exports for the year to date
h8s been 11,534,333 in 1901, against $3,148,444 in 1900.
There have been further purchases of heavy brown sheetings and drills for export to China, but at the close of the
week the demand appears to have died out for the time
being. The home demand has been consistently quiet. Prices
are fully as irregular as before, and business has occasionally
been done under previous low limits. In bleached cottons
there has been a general reduction in quotations. Fruit of
the Loom, 4x4, now 7i^c., and Lonsdale, 4x4, 7c. net, with
other tickets marked down in unison. The new prices have
brought only a moderate increase in business. Wide sheetings are unchanged in prices but in queit limited request.
The business doing in denims, ticks, plaids, checks and
stripes has beenjon a moderate- scale, with the demand readily
met by sellers at previous prices. Cotton linings are irregular.
Kid-finished cambrics declined to 3J^c. for 64s. In
printed calicoes there has been an average business doing in
both staples and fancies, with no material change in price.
Fine grades of printed fabrics are generally well sold ahead.
There has been a decline of 3^c. in most staple ginghams,
but dress styles in fine grades are steady. Domet fabrics
continue irregular. The print cloth market has ruled inactive all week. Regulars nominally 3c. per yard.
FoREiaN Dry Goods. The market for foreign dress goods
has been quiet and without special feature. Silks and ribbons
steady. Linens are quiet, high prices checking business.
Burlaps firm for light-weights, out heavy-weights barely

—

steady.

Importations and Warebonse TTltbdraivals of Dry Gods
The importations and warehonse withdrawals of dry goods
at this port for the week ending March 7, 1901, and since
January 1, 1901, and for the corresponding periods of last
year areas follows:
H
K
F«
K
S H S3
S
I
H A ,
H
58
»
B

a
1

%

p.?

0:

9
B
g:

:

:

:

0>

OCX

Oi

Vjoo

<D

<1U
WO)

ts

to

!(>'

t

©MMl^

Cn<l««^35

X

M

»aeoo<toM
'-'VtOtOOi

oto
Oif

'ccotooo-~J
<1

ts

00

1*.

05

<:;>

-JOtOOW

M
MM
to
MW
00 QOtOMWltO
SO 00

to 00 3:00 CO

tO<D

CTS

tOOCO^

^

to
rw
1^

»

CO

•

i

ri

•

»

!

:

:

:

!

I

M

03

a
n

0DW<JOS»J

CO :^ib.aoo

MtO
oto
<i'io

00
coco
to

oo»
MCO
MOO
oto
MCO

bcoto<ito

M
M
tO<l'£QDC«
CO to 1(^00 CO

bw^o'tn

01 CO V] 00 1^
COCO to*' en

M

coc;>

to
01
01

(ob
tou
COM

-J 03 CO 00 00
CO o> CO cop

00005 to

05 03
QDCJ)
IF^CO

t0t0CA3 03O
WMCXCOCO

MtO

to
CO

eo

MtO

1-.*

M

t-**^

OW>>(^MtO
to en *• CO 00

b>o

WMOtncn

w

h^

tOQO
OiCO

K>.

CO

t^*^

pop
lf^C3

M

"JCi

to

to

CD
t>*)

to

^
03

w
CO

00 to CO CO

OOOOCnlO*

w
n

cow

t-^

CO to

to
OJ
05
CO

to

en

w
B

03

if'M

M^
I^CO
MO
00 CO

tOMOlfOO

WM

Mif'COMlO

0lOK>' vICO
01

M «a 3:

H
n

VjoDcobu"

^eo

to

to

00
00
CO
03

M-J

CO
Hto
en

lO'Cn

Mi(»

©*>
W<1

— ti CO

s

1
^
-^

M 0000 03

ooen-ocoitk

COCOMOCC
lOMCOlbM
-a 00 CO CO <]

'to

03

en

«•

OOMMtO

00

QOW-q*.O0

a

"tobbco'-q

1(^05 en

K^

<»coM03c;i

M B
CO
M

CO 03 eo toco

&^

^
n
8

J>

f>

B

*

coaoooDM

M tn to
ico

3
H
H
n
B

OD

en

OoboDCo'-q

*>.

A

MCO CO to <k
eOMCntiO

^ eo *k_Qo WW
CO*M Mb
w
tOCOMO'—
to

00 Bl

»
HBi

-

^
d

11
1
c»

•

H
M
eo
M

t.)

en^il^MO

to

toeoao<ito

^.^

0005
en
to

b
CO

M

01

p

a

O;: s

Cno3K)03Ma6 •*OCOtOCO>4
s

d
M
s M

en -J

«; to

M
CO
03
OS

toco
03-1

ooo

<1^CDC0M

00 03

i-^^

M

n

s %
m
SB,
CO...

00 en CO to eo

to
to

05
CO

boo

Tj

to

il^ CO COM
Mi^05mO>

>-*

exMMto

w

'to

1^

t-t)-^

tOQD

050010<

^1
;3S

s-

>

MOlOCO'cO

voow
oocotOM

05

«•
*

CO CO 00 en en

Mt0O3«t0

coc;iMcxto
Cni«>.aD

;2
V}

05 en CD coo
oto 03 in en 9S s
ao^» CD to g

CO

cop W MCO

s
ODWtS^^M

toeoe"c»to

H

tSift-

WW

ll^MMtO

»1XMC»C0
MlOCnOOD

•

M
OMCOlUCD

MCn

CO
to
CO

^a3a*^o>

oto

H

MO

B
H
B

Mill?

tg

09

^

Mlb'

M

eo

M

it
IS

CKtOceifkM

CO

to

d
B

COif'OtoW

to

i

to

"to'b'Oococo

(a^ciV)*^

to

to

coco

tOM

CO

ffiMiF'-COO

s

eo

00

M

M

S:

COCOtF^MQO

QOCOMOStO

MOl

QDOtOtOOO

UlUOOOiOD

©

CO to

Eo

-JC^'MU'QD

A

-J
to
OD

OJM

CO to to 1^

•

w 03
H
n M
M
w CO

*^

M

3

si;

03 CO

(30

COO

R
*
S

MCOCOOO

oeomcoto

CD

X

COCOMMCn

COOl

1^

1

CO
"

OStOOWft^

M
tow
tOM

CO
to
CI
<l

a

(lOWO^ CO

>->«J

M
no

ii
0:
•!

II iiljlT

00
tD

o<i

*-*
•

1

w
V,
H
«

5

»

mE7

.

•

5

w
w MO

§

mT

ii

II

THE DRY GOODS TRADE.
New

1900.

4.

Week. Since Jan.

week and since

We$k Sintt Sift, Wt*1i Sine* Se*t,
Mx9ort$for
Wte\ Blnci Stpt,
1,1900.
W««h and (inc« Mar. 8.
Mar.i. 1. 1900.
Mar. 2
1.1900.
bush.
Sept. 1 to—
bbl*.
bbl(.
bu*h.
buth.
buBh.
United Kingdom 267,298 6.765.843
1,147,887 80,809,197 2.449,308 60,610,030
Continent,

1901.

to Maech

Central America.............

30H.0OO
47.465

St. John.N.B.

By,

tloxtr,
hbli.

Corn,

^V^eat
Ma)9ort$ frent- buah.

(Vol. LXXII.

QDQ0a3i^0D

OMoeno
0< M CD CO O'

C0 05Ol(^t>3
to 05 to to
to CO «J 01

M

«1

M
1^
M

i^oootoen
a
MCDCDC0O«<9
s
enosoeneo

00

'MVibV-0

IW

CO-^O0lf>.-J

tOCDC0 03M

t-

M
CO

CO
•

s

— — ——

.

Mabch

THE CHEONICLE.

9, 1901.

m^

iTiim

City

^tf/inwtm.

MUNICIPAL BOND SALES IN FEBRUARY.

499

Location.

Page.

,

Maturity.

Sale.

South Dakota
354.. Stamford, Conn
354.. Stamford, Conn
354...Sjracuhe, N. Y
4.^3 Talladega. Ala
354.. Taunton. Mass
Sch. Dist.
4.'i3.. Terrell (Tex
30.=)

.

.

)

The municipal bond market during the month of
February was exceedingly dull, the number of sep-

454. .Ulster Co., N. Y.

arate issues placed being extremely limited, and their

454. .Ulster Co.,

502.. ThayerCo ,Neb
403.. Tiffin. Ohio

3^
3^2

4
5'a

1920

4
4

11911-1941
tl902-1911
1911
1902-1926

3^
4
4

N.Y

1926
1902-1906
1902-1914
1916

4

4
aggregate very small. As a consequence of the short 4.54. .Ulster Co., N.Y
454..Walden. N.Y
3^
supply of such securities offered, prices have held 306..Walhalla. N. Dak
6
306.. Watonwan Co. (Minn.)
firm.

Our aggregate

of such sales during

February was

$4,221,249, the smallest total ever recorded by us for

454..Welleville, Ohio

4

404. .Wood Co.. Ohio

5

1916
1902 1905
1905-1926
1903-1904

Va

4

tl921-1931

5
4

tl916-1921

4

Sch. Dlrit. No. 20
355. .WayneCo., Ohio

306.. Woodstock.

4

(Wash.)
Co.
Last year the* figures were $5,137,411, 306. .Yakima
Sch. Dist. No. 35
306..Yonker8. N. Y. (2 iss ).
while in January 1901 a total of $9,240,864 was 454..Yonker8(N.
Y.) School

that month.

Dlst

reached.

The number of municipalities emitting bonds and
the number of separate issues made during February
1901 were 103 and 134, respectively. This compares
with 114 and 131 for February 1900 and with 113 and
147 for January 1901.
In the following table we give the prices which were
paid for February loans to the amount of $3,794,449,
Issued by 103 municipalities.
The aggregate of sales

which no price has been reported is $426,800, and
the total bond sales for the month $4,221,249. In
the case of each loan reference is made to the page of
the Chronicle where a full account of sale is given.

Issues)

25,000 106-40
5,760 100-26
65,000 104-56
30,000 104 024
20,000 100

1903

100

1,000
29,000

101-35

3.900

104-27

56,985

US^-^^^

1920

3ifl

404..Youngstown, Ohio

A.mount.
Price.
$250,000 100044
25,000 I
105 71
1 0.000 {
30,000 100
50,000 100
113-155
l.-S.OOO
10.( 00 100
65,000 KO
10.700 101-29
100-93
50,000 \ 116-62
30,000 11600
io,oco| 10000
104 20
13,000 102-04
2,700 103

1902-1903
1921
1921
1902 1904
1930

4

(8)5
'

Total
(83 municipalities, covering 114
separate Issues)
$3,794,449
Agx^regate of sales for which no price has
munioipalitlee,
coverreported
(20
been
426,800
ing 20 separate Issues)
Total bond sales for February 1901

^$4,221,249

* Average of dates of maturity,
t Subject to oaU In and after the
earlier year and mature In the later year. §Not Including .$3,4 52,600
of temporary loans reported and which do not belong in the list.
Tf

Taken by sinking fund as an investment,

t

And other

considera-

tions.

for

FsBBnABT Bond Balks.
Page.

Location.

Rate.

401..Aokquackanonk

Sch. Dist
401.. Adams Co., Ml88
350. Albany, N. Y. (3 Issaes)
350.. Albany, N. Y
401..Albany Co., N.
401..Albany Co.. N.
401. .Albion, Neb
S02..ABhley (Ohio) Special
Sch. Dlst
.

Y
Y

302..Bay City, Mloh
302.. Belmont Co., Ohio
460.. Benton Co., Ind
302..Blnghamton, N. Y
450..Bowling Green, Ohio...
401.. Bncyrus. Ohio
500. .Buffalo Lake, Minn

860.. Calais, Me
302.. Carthage, Ohio

5
4

3h
S^a
313
3ifl

5
6

4
4
6
3>«

4
6

5
4

5

401..Ca88Co.,Ind
450..0herry Co.,Neb
30a..Chippewa Falls, Wl8...
302.. Colorado Springs. Colo.
302.. Columbus (O.) School

6
4
5
4
3I3

Dlat

302. .Crawford Co. (O.) Speclal'Road Dlst. No. 1.. 5
401..Culpeper, Va
4
303.. Dedham, Mass
500. .East Liverpool, Ohio (8

4

issues)
303.. Enfleld, Conn
303..E8se.x Co., N. J

3-14

6

351..Evanston.O.(3 issues).
35l..Evanstnn. Ohio
401..Falrport(0.) Sch. Diet.
401. . Fall R'ver, Mass
451..Fern Bank. Ohio
451.. Fern Bank, Ohio
351. Plndlay. O. (2 Issues) .
45l..FortEdw.ard. N. Y.....
45l..Fo8torla. Ohio
600.. Greene Co., Ind
500..GreeneCo., N. Y
.

600..QreeneCo.,Ohio
304. .Greenfield. Ohio
500.. Helena,

3ia

5

5
4
4
4
6
313

4
6

Ark

4»«

4
313
4ifl

5

Y

800.. Leaven worth,
351- Lincoln, Neb

4
5
5
4

4

303. .Herman, Minn
303. Holland. Mich
402..IudlaDapolis. Ind
303.. Jeanne tte. Pa
402..John8town, N.Y

402..Klng8ton,N.

3J«

Kan

303..Llnoolnro.,Wi8
451..Maoon. 6a
^{JE--??''''''"'^^'^,^'''^-

5
5
3

J---

3*a

403..Moiiett (Mo.)8oh. Dlst.

5

f«o-?I""'"""i''^''-^- J--403..Mor«auClty. La

*

fn5-«®^f"tl'^;,^-,\r-:-o--304.. Norfolk Co. (Va.) Sch.
cP'^« ^'^•^iT-i.r^i:
^r,-,
501..Paolflc
Co. (Wash.) Sch.

^^„

Maturity.

T,^'*^-^^x?V

f^?-?*'?^*""."'^^,-?- L^5?-^''"*^'^'*'''-^'*"^

Reinington. Ind
52i802.. Saginaw, Mloh..
?to--^f^'"',°^^'?'"'^*«'
453..8t.
Paul. Minn

1901-1908
1911-1926
1902-1921
1902-1906
1902-1919
1902-1913
1906-1915
1902-1911
1931
1913-1914
1906
1936
1902-1911
1902-1913
1916
1916
1902-1911
1902-1903
tl»ll-1921
1902-1903

111

Price.

10905
109-65
102-75

tl9lti-1931

10507

1921

85,000

10463

104-09

100
100

1902-1906
1926
1911
1902-1911
1902-1911
1902-1913
1911
1902-1911
1902-1911
19ol-19l0
1906-1923
1921
1904-1912
1905-1918
1906-1930

16,357 106-26
30,000 100
90,000 11100
36,273 105
4.523 105-18
12,000 101-625
133,000 10331
1,189 104-66
."SOe
105 97
25,000 10240
18,0ii0 107 67
1?,500 106456
36,000 10688
15 000 104-40
100.000 109 33
10,000 101*01
70,000 105
7,V0() lCO-52
50,000 105-28
143,000 101-233
120,000 109-85
31,327 104-10

19021911
1921
1921
1931
1902-1912
1906 1931
1902-1905
1902-1910
1902-1911
1S02-1911
1931
1902-1911
11911-1921
1902-1907

19011910

5

tl911-1921

^

tl906-1911
1911
1906-1917
1901-1910
1921
1902-1911

*
6

10539

30,000 113-67
35,000 10075
120.000 113096

1902-1924

6
4
*
3

10798
102-66
109-47

1915-1916
tl921-1931
1902-1941

5

*

3.000 11003
20,000 112-27
30.000 106 683
."^000

3^

•''

$8,000 102-60
88,000 100
124,000 lOt
65,000 101-11
18,000 103-29
12,000 102-36
10,000 106-74

15,000
10,000
6,000
6,000
9,0C0
1,663
8,000
15.000
30.000
190,000

169,000 j^^l^l
|
67,940 101
{l\'\^'^

\^t\6

45!o
70,000

101-33

42 000

101-15

1902-1905
1921

100

5,000:10090
65.000 lOl'tO
10.000 UOO-25
45,000 10251

25,000

10702

1,200 101083
150.000 10?.-145
6,00" 107 116
1,157 100
35,000 111-157

480
200,000
*"",w«v/

453. .Schenectady, N. Y. (5
...o „,*^^"®*)i
483..8hawneetown,

Amount.

(N. J.)

34.489
26,000

lO.i-03

100

k\si\)&ma.— Legislature Adjourns.— The General Aseembly
of Alabama adjourned sine die
of fifty working days.

Cincinnati, Ohio.

on March

5,

after a session

Lease Cincinnati Southern Railway,

—

Samuel Spencer, President Cincinnati New Orleans & Texas
Pacific Railway Co., haa submitted a proposition to the
Board of Trustees of the Cincinnati Southern Railway for
the renewal of the lease of that road. Under this proposition the lease is to date from October 13, 1901, and to extend
for not less than sixty-five years at an annual rental of
In addition to the annual rental the company
§1,050,000.
proposes to pay 4% annually on .$2,500,000 of city bonds which
are to be issued for terminals, this amount to provide for a
sinking fund for the redemption of these bonds at maturity.
Under the existing arrangement the city has received
11,090,000 up to the present year, and was to receive $1,250,000 yearly from 1901 to 1906, when the lease expires. Considering this, the company also offers to pay $120,000 to insure the city against loss by virtue of any reduction in the
income between the date of the renewal of the lease and
July 1, 1902, when a large block of the "Cincinnati Southern" bonds of the city mature. Mr. Spencer furthermore
proposes that if an agreement is reached between his company and the Board of Trustees that the same be submitted
to a vote of the people for ratification.
Delavf&re.— Ligislature Adjourns. The State Legislature
adjourned yesterday (March 8), without electing a Senator to
the United States Congress.

—

—

3\ont&na,— Legislature Adjourns. The State Legislature
adjourned at midnight, March 7, after electing Paris Gibson
United States Senator.
>Jew Jersey. Biennial Sessions. The Senate on March 6
passed a resolution favoring a constitutional amendment
providing for biennial sessions of the State Legislature. This
resolution will have to be adopted by t-wo succeeding legis-

—

and receive the affirmative vote of the people before
can become operative.

latures
it

—

Yirginia. Constitutional Convention. The State Legislature before adjournment Feb. 16 passed a resolution providing for a Constitutional Convention.

Bond Proposals and Negotiations
week have been
Antelope, Ore.
ceived until

as follows

Bond

March

15

this

:

Offering.

—Proposals

will

be re-

by A. M. F. Kirchheiner, City Re-

corder, for $3,500 5% 10-year bonds. Securities are issued to
fund a floating indebtedness of $2,927 and for improvement
of water works. They are in denomination of 1500, dated
March 15, 1901. The city has never, it is stated, levied any
taxes, its income being derived from saloon licenses and
water rents. The assessed valuation is $60,000 and the real
value about 8150,000. The population in 1890 was 249.

Atlantic City, N. 3.— Bond O/erinj;.— Proposals will be
received until 12 m., March 25, by A. M. Heston, City CompSecurities are
troller, for $32,000 4^ gold crematory bonds.
in denomination of $1,000, dated Jan.

1,

1901.

Interest will

be payable semi annually at the Hanover National Bank,
New York City. Principal will mature Jan. 1, 1921. The
legality of these bonds has been approved by Mestrs. Dillon

101-83

& Hubbard of New York

100

paid by purchaser.

City.

Accrued

interest

must be

Either $1,000 cash or a certified check

—

—

:

THE CHRONICLF.

600
tor 11,000, payable to the City Comptroller,
proposals.

must accompany

notice of this bond offering loill be found
the advertisements elsewhere in this Department.

7%e

official

&

20, 1921.

Birmingham, Ala.— Bond Sale.—Th& Finance Committee
of the Board of Aldermen has awarded an issue of |50,000
improvement bonds to Steiner Bros., of Birmingham, at
100-7.5.

Buffalo Lake, Minn.— Bond Sale.— Or Feb. 25 the $5,000
Co.,
5% 15 year water bonds were awarded to Stoddard, Nye
Minneapolis, at 102'66.
For description of bonds see
Chronicle Jan. 26, p. 201.
Campbell County, Tenn.—Bond Bill Passes House.— The
House has passed a bill providing for the issuance of |100,000
road bonds.

&

Clallam County (P. 0. Port Angeles), Wash.—Bond Offeringr.—Proposals will be received until 12 M., April 4, by

Frank ISoUivan, Connty Auditor, for |90,000 5^ refunding
Securities are issued to retire a like amount of road
bonds which mature May 15, 1911, but which are subject to
call after May 15, 1901.
The new bonds will be in denomination of |1,000 and the interest will be payable semi-annually
bonds.

New York or Chicago, at the option of the purPrincipal will mature in 20 years, subject to call
after 10 years.
certified check for $1,000 will be required

in either
chaser.

A

with bids.
The official notice of

this bond offering willbe found
the advertisements elsewhere in this Department,

among

Columbus (Ohio) School District.— Bond O/ermflf— Prowill be received until 12 M., March 16, by J. A.

posals

Williams, Clerk Board of Education, for the following bonds
held in the sinking fund of the district

now

4,000 i% 20-year bonds in denomination of $1,000 and dated March 1. 1897.
82,0C0 i% 20- year bonds in denomination of $1,000 and dated March 1, 18!j8.

The above bonds were all issued under authority of Section 3994 Revised Statutes of Ohio.
certified check for
$500, payable at the Board of Education, will be required

A

with bids.
Covington, Va.
until 7 p. M.,

Q% 6-year bridge bonds at 101. These bonds were advertised
for sale on January 25, but we are advised that, although
the bonds have been awarded, the deal has not yet been con-

among summated.

Benson Connty, N. Dak.—Bond Sale.— ThiB county has
sold an issue of *7,000 5% funding bonds to C. C. Gowran
Co., Grand Fork3. Securities are dated Feb. 20, 1901, and
mature Feb.

[Vol. LXXII.

Bond O^ering.— Proposals will be received
March 16, by the Town Council for the follow-

ing bonds:

The Town Treasurer informs us that the town
has an indebtedness of only $800 other than the above-mentioned issue of bonds, Securities are in denomination of
$500, dated Jan. 2, 1901.
Gfreene County, lad.— Bond Sale.— Oa February 26 $36,000 G% Goose Pond ditch bonds were awarded to Spitzer &
Co,, Toledo, at 106-888, an interest basis of about 4-80^.
Securities are dated April 1, 1901, and the interest will be payable semi-annually. Principal will mature $1,000 yearly,
beginning Jan, 1, 1904.
tJreene County, N. Y.—Bond Sale.— On February 2 $15,000
S}4% bonds were awarded to the Catskill Savings Bank at
104-40, an interest basis of 3 088^.
Two bonds are in denomination of $500 and fourteen of $1,000 each. Interest will be
payable semi-annually. Principal will mature as follows:
$500 in the years 1906 and 1909, $1,000 in 1910 and 1911, 83,000
in 1912, and a like amount yearly from 1914 to 1918, inclusive.
Greene County, Ohio.— Bond Sale.— On February 28 the
$100,000 4% 5-29 year (serial) gold bonds were awarded to
N. W. Harris & Co., Chicago, at 109-33, an interest basis of
about 3-28^. Following are the bids:
109-33
N. W. Harris* Co., Chicago
Lamprecht Bros. Co.. Cleve
108-27
P. S. Briggs&Co., Cincinnati... 108-81
Seasoneood & Mayer, Cincin.... 108-075
R. Klevbolte & Co., Cincinnati. .108-631 W. R. Todd & Co., Cincinnati. ..107-76
108-607 Citizens' Nat. Bank, Xenia
W. J. Hayes & Sons, Cleve
107-786
New 1st Nat. B'k, Columbus. ...108-681 Mason, Lewis & Co.. Chicago. ...107-72
108-54
Oenlson, Prior & Co., Cleve
Feder,Holzman & Co.,Clncm
106-006
108-51
Spitzer & Co., Cleveland
For description of bonds see Chronicle Feb. 16, p. 351.
Helena, Ark.—Bond Sale.— Oa Feb. 20 the $70,000 20-year
gold sewer bonds were ^awarded to B. Seelig of Helena at
105 for 6% bonds.
Lake Linden, Mich.—Bond Election.— An election will
be held March 11 to vote on the question of issuing $25,000
refunding and 150,000 sewer and town hall bonds.
Leavenworlli, Kan.— Bond Sale.— Oa February 2 this city
sold to Spitzer & Co., Toledo, $67,940 92 5% 1-10 year (serial)
internal- improvement bonds at 101 and accrued interest.
Interest will be payable annually on February 1 in New
I

1

York

bids:
A. E.

Ames & Co

F. C. Taylor, Lindsay
J. H. Sowthern, Lindsay

Standard Life Asso. Co
*

4,000 6^ water bonds, dated Apr. 16, 1900, and maturing Apr. 16, 1925, and
subject to call alter Apr. 18, 1910.
80,0J0 5$ water and sewer bonds, dated March 18, 1901, and maturing March
16, 1941, subject to call after March 16 1911

City.

Lindsay, Ont.— Debenture Sale.— On March 4 the $37,017 14
i% debentures, advertised for sale on February 27, were
awarded to A. E. Ames & Co. at 100-09. Following are the
$37,051
*a7,08S
»87,075
37,042

I

|

I

I

O'Hara&Co

Ce> tral Canada L. & S. Co
E. H. OayA Co.. Montreal
Aemelis Jarvis & Co

$37,912
37,810
36,538
35,918

Received to© late to be considered.

For description of secnrities see Chronicle Feb. 16, p. 351.
LoniSTille, Ky. Bond O^ering.— Proposals will be received
until 12m., March 20, by the Commissioners of the Sinking
Funk, F. J. Herrmann, President, for the following bonds:

Securities are all in denomination of $1,000.
Interest will
be payable semi annually. A certified check for 5% of bids, $119,000 S14% 40-year gold refunding -'Old Liability Bonds," dated April 1, 1901.
4-33,000 314 40-year gold refunding sewer bonds, dated June 1, IkiOl.
payable to the Town Treasurer, must accompany proposals.
150,000 3^ 40-year gold refunding road-bed bonds, dated July 1, 1S)01.
Custer Connty, S. Dak.— Bond dale Postponed.— We are
Interest on the above securities will be payable semiadvised that the sale of the $20,000 bonds which was to annually
at the National Bank of the Republic, New York
have taken place on March 1 was postponed until April 2, City. The above bonds are exempt from any and all forms
1901. For description of bonds see Chronicle Jan. 26, p. 201.
of taxation for municipal purposes. Separate bids must be
Dayton (Ohio) School District.— Bond Sale. -On March 1 made for each issue, and must be made on blanks furnished
the $86,000 4% bonds were awarded to W. J. Hayes & Sons, by the Commissioners. Proposals for each issue must be
Cleveland, at 109-915, an interest basis of about 3-2 3^. Bonds
accompanied by a certified check, payable to the "Commismature $36,000 on March 1, 1919, and $59,000 March 1, 1920. sioners of the Sinking Fund of the City of Louisville," for
For full description of bonds see Chronicle Feb. 9, p. 802.
1 per cent of the par value of bonds bid for. Accrued interest
Des Moines (Iowa) West Side School District.— Bond is to be paid for by purchaser.
Election.— An election will be held March 11 to vote on the
Lynchburg, Va —Bond Sale.— On March 1, 1901, the $186,question of issuing $175,000 school building bonds.
000 34year refunding bonds were awarded to Farson, Leach
East Hartford (Conn.) Fire District.— 2'eTOpo?'ary Loan.— & Co., New York, at 102'63 for 4 per cents, an interest basis
It is stated that this district has renewed until Aug. 1, 1901,
of about 3-861^. For description of bonds see Chronicle
the outstanding notes ag£;regating $55,000 which matured
Feb, 9, p. 303.
March 1, 1901.
McLennan Connty. Texas.— Bond Sale.— The State PerEast Liverpool, Ohio.— Bond Sale.— On Feb. 28 eight is- manent School Fund has purchased the $45,000 bridge and
sues of &% street-improvement bonds, aggregating $16,357,
the $140,000 court-house and jail bonds mentioned in the
were awarded to Feder, Holzman & Co., Cincinnati, at Chronicle Feb. 23.
106*266.
Following are the bids:
Marquette, Mich.— Bond Sale.— On March 4 the $10,000 4%
Premium.
Premium.
„
^
„
bonds were awarded to N. W. Harris &
Feder, Holzman & Co. Cincln.?l,025 00 8pltzer & Co., Toledo
general-expense
«'-07 20
TO
,^o.__
W. J. Ti
Hayes &
Sons, ^,__.
Cleve
1,039 00 First Nat. Bank, Barnesville.... 610 00
102 -53. Following are the bids;
SeasonKood & Mayer, Cincin.. 815 00 Lamprecht Bros. Co.. Cleve..... 588 35 Co., Chicago, at
102-53
Frank J. Jennison, Marquette.. 102-07
N. W.Harris & Co., Chicago
Denlson, Prior & Co., Cleve..
826 37 W. F. Jones, Wells ville
322 00 R. Kleybolte& Co., Cincinnati. .102-27
Denlson. Prior* Co., Cleve. ...'lOl-OO
Potter's Nat. Bk., E. Liverpool
825 60
101-37
W. J. Hayes* Sons, Cleve
*
bonds.
Bonds mature in various amounts yearly on March 1 from
And blank
For description of bonds see Chronicle March 2. p. 451.
1902 to 1906, inclusive.
Massachusetts.— Bond Saie.-On March 5 the $3,000,000
Englishtown, Monmouth County, N. J.—Bond Offering.—
Proposals will be received until 6 p. m., March 11, by E. T. S% gold bonds were awarded to N. W. Harris & Co., New
Reid, Borough Clerk, for ^5,0C0 5% 30-year water bonds. Se- York, at 102-155 —an interest basis of about 2 909iif. Followcurities are in denomination of $1,000, dated April 1, 1901. ing arfl the bids
$500,000.. 100-77
N. "W. Harris & Co., New York. .102-156
Interest will be payable annually.
500,000.. 100-63
Blake Bros. & Co. ... JBoston..lOl
RnotnTi ini-20
iv
600,000.. 100-61
Blodget, Merrltt &
Evanston, Ohio.— Bond Sale.— Oa March 4 four issues of Bstabroook* Co
100-81
500,000.. 100-39
Co., Boston
K. L. Day & Co., Boston
5% 1-10 year improvement bonds were awarded as follows
600,000.. 100-27
100-677
Boston..
AZflli 69 Montgomery Boulevard bonds, to T. F. McClure & Sous at 104
vfrmtfye * Co.^°°.!:
l 600,000.. 100-15
3,352 68 Lanedon Ave. sewer bonds, to the AtlasJNat. Bank of Cincinnati at
Bonds mature Jan. 1, 1941. For full description of bonds
|

|

.

I

|

I

I

(

:

\

2,185

60Newton Ave. sewer

bonds, to the Atlas [Nat.

lU3'ol.

Bank of

Cincinnati at

see

Chronicle March 2,

p. 451.

Middiebnry, \t.—Bond Offering.

—

Proposals will be reby C. E. Pinney, Village TreasFor description of bonds see Chronicle Feb, 9, p. 303.
urer, for $50,000 4% water-works bonds. Securities are dated
Fredericksburg, Va.— Bond O^ermg.— Proposals will be May 1, 1901. Interest will be payable semi-annually at the
received until 12 m., March 15, 1901, by the Finance Com- National Park Bank, New York City. Principal will mature
mittee of the City Council for $18,000 10-30 year (optional) May 1, 1941, subject to call after May 1. 1921. Of the abDve
bonds. Securities are dated April 1, 1901. Interest, at a amount $25,000 will be delivered on May 1, 1901, and such
rate not exceeding 4%, will be payable semi-annualy.
proportion of the remaining amount as shall be required as
Grand Rapids (Township), Minn.— Bond Sale.— This soon as the work is completed. Purchaser will pay accrued
township has awarded to a Boston house an issue of $3,500 interest.
8,552 81

Woodburn Ave. sewer

bonds, to the Atlas Nat. Bank:of Cincinnati at

ceived until 10 A. M., April

1,

— —
March

THE CHRONICLE.

9, 19C1.]

501

Mount Ternon, N. Y. Bond Sale.— Oa March 5 the |50,000 3>^^ 27-year sewer bonds were awarded to N. W. Harris
Co., New York, at 106-41— an interest basis of about
3-147^.
Following are the bids

years after that date, subject to call after the year 1925.
Interest will be payable January 1 and July 1.
New York Citj.— Tenders to Extend Bonds Solicited.— Bird.
S. Coler, City Comptroller, invites proposals from the holders of the Q% gold consolidated stock of the County of New
York maturing July 1,1901, for extending the maturity of
all or any part of the respective amounts of such stock held
by them to the following dates: July 1, 1917, July 1, 1918,
July 1, 1919. Jnly 1, 1920 and .July 1, 1921. The stock eo extended will be payable in gold and will bear interest at the
rate of 3 1-10^, payable Jan. 1 and Jnly 1. The amount of
stock which will mature on July 1, 1901, is $8,885,500.
Niagara Falls (N. Y.) School Hmrlct.-Bond Offering.—
Proposals will be received until 8 p. m.. March 15, bv the
Board of Education, George F. Diemer, Clerk, for .$25,000 i%
gold school bonds. Securities are in denomination of .'Sl,000,
dated April 1, 1901. Interest will be payable semi-annually
to the registered holder of the bonds in New York exchange.
Principal will mature $5,000 yearly on April 1 from 1921 to
certified check for $2,500, payable to the
1925, inclusive.
Board of Education, will be required.
Ottawa County, Ohio.— Bond Sate.— On March 2 the $10.000 5^ court-house- improvement bonds were awarded to W.
J. Hayes & Sons, Cleveland, at 113"51— an interest basis of
about 3*45>£5f. Following are the bids

N. W. Harris* Co.. New York.. 106-41
Thompson, Tenney&Crawfora.l0tJ'8H9
BlodKet, Merritt&Co., Boston. .Iii5'91
105-83
W. J. Hayes & Sons. Cleve
105-75
G. C. White Jr.. New York
106-66
M. A. Stein, Now York.

112-27
Lamprecht Bros.ro.. Cleve
W. R. Todd & Co. .Cincinnati.... liroo
10-75
1
Columbus
B'k.
Nat.
New l8t

Mobile, Ala.— Bond Offering.— PToi>08a,\a -will be received
until 12 M., March 14, by T. S. Fry, Mayor, for $60,000 4% improvement bonds. Securities are in denomination of $500,
dated March 1, 1901. Interest will be payable semi-annually
at the American Exchange National Bank, New York City,
or at the First National Bank of Mobile. Principal will mature March 1, 1931, the city, however, reserving the right to
redeem at 105 any part of the same (to be drawn by lot) after
four years. Bonds are exempt from city taxes and the coupons are receivable for all taxes and licenses due the city of
Mobile.

Montclair, N. J.— Bond O^crtngf.— Proposals will be received until 8 p. M., March 25, by Harry Trippett, Town
Clerk, for $40,000 33^^ gold fire department.bonde. Securities
Interest
are in denomination of §1,000, dated April 1, 1901.
will be payable semi-annually at ,the Bank of Montclair.
Principal will mature April 1, 1921.
.

IZTie official

notice of this

bond offering

will be

found among

the advertisements elsewhere in this Department,

&

& Co..New York.105-68
a. G. Jones 4 Co.. New York.... 106-12
104-45
J. A. Cantwell, Utlca
W. K. Todd & Co.. New York.... 03-00

W.

Eastchester Sav. Bk.. Mt. Ver..l01 85

NEW

SQo,ooo
hereby given that the Board of County
Commissioners of Clallam County, State of WashiDKtoD, propose iHsuinij bonds for the amount of
Ninety Thousand Dollars (190,000) for the purpose
of reilrine Koad Bonds for a like amount issued hy
Is

County May 15th, 1891, and due May 15th, 1911,
but which the County has the option of redeemlDK
said

May

15tli, 1901, which option it is proposed to take
advantage of by selllns; the proposed issue of $80,000
refundlDK bonds. Said bonds to bear Interest at the
rate of b% per annum, interest payable semi-annually, and bonds to run 20 years from date of issue,
the County reserving the rltiht to redeem in 10
years; said bonds to be issuedjn flO bonds of $1,000
each, both principal and interest to be paid in gold
coin at either New York or Chicago at option of

purchaser.
Sealed bids for said bonds addressed to County
Auditor, Clallam County, Port Angeles, State of
Washington, will be received up to la o'clock noon
of April 4th, and will be opened at 2 P. M. of same
day.

The County Commissioners

A

—

time.

reserve the right to

bids.

By order of the Town

HARHY TRIPPETT,

BONDS.
Houston Township, Smith County.
Clifton Township. Washington County,
Township, Allen County.
also like offerings of any other Kansas se-

curities.

FOOTE &CO.,

TOPEKA, KANS.

Blodget, Merritt

BANKERS,
Congress

&

Street, Boston.

15 Wall Street,

New York.
STATE, CITY & RAILROAD BONDS

8

LISTS.

Exchange Place, Boston.

131 Euclid Avenue, Cleveland.

Investment Securities
FOH

UVINGS BANKS and TRUST FUMDS
6%

BONDS A SPECIALTY.

EDW.

C.

YORK.

PHILA,,

-

JONES A
1

.

CO.,

NASSAU 8TBKBT.

112 SO.

Perry, Coffin

FOURTH

ST.

&

Burr,

ATLANTICCITY,N.J.,
GOLD BONDS.

INVESTMENT BONDS.

The City of Atlantic City will receive sealed proposals for

6o State Street,

GOLD COUPON CREMATORY
ItOND!$,

denominations of $1,000, d:ited January 1, 1901,
maturing January 1, 1921. without option, free Jrom
tux, with Interest at 4 per cent per annum, payable
semi-annually at the Hanover National Bank, New
York City.
The City Comptroller will receive bids for these
bonds until 12 o'cloik .M. of .Monday. March 25. 1901.
reserving, however, the right to reject any or all

BOSTON.

In

bids.

Co.,

SEND FOR

Bonds.

Town Clerk.

$32,000

Would

Grade

High

NEW

Council.

FRANK SULLIVAN.

E.

INVESTMENTS.

LOANS.

Pursuant to resolutions of the Town Council of
Montclair, N. J., adopted .January 28th and February 35th, 1901.
Sealed proposals are invited for the purchase of
all or any part of an issue of bonds to the amount of
$4O,0C0, in denominations of $1,000 each and lo bear
interest at a!^ per cent per annum. Bonds to bear
date of April 1st, 1901. and to become due and pay
able twenty years from the date of issue; interest
payable semi annually on the first day of October
and April of each year. Principal and interest payable In gold at the Bank of Montclair.
No bids at less than par will be received.
Bids will be received by the Town Clerk at his
office until 8 o'clock P. M.. March 25th, 1901.
Further particulars may be obtained from the
Town Treasurer.
The Council reserves the right to reject any or all

WANTED:

16

2—

GOLD BONDS.

To Purchase the Following Kansas Municipal

C.

Feder. Uolzman & Co., Clncln.. 107-126
First Nat. Bank, Barne8vllle....l04*10

Bond
Pacific County (Wash.) School District No.
Sa/e.— On Feb. 26 $1,200 6^ 5-10-year (optional) bonds were
awarded to William D. Perkins & Co., Seattle, at 101 -0^33.
Remington, Ind.— Bond Sale. This town has issued at
par $1,157 20 6% 1 10-year (serial) street-improvement bonds
to the contractor for the work. These bonds were offered
for sale on February 1, but no bids were received at that

Proposals Tor the Purchase of Bonds, for
tbe Purchase of liaiids and the erection
of Fire Houses thereon in the Tofvii of
Montclair, N. J,

certified

County Auditor.

lola

118-11

TOWNofMONTCLAIR OENISON, PRIOR & CO.

check for $1,000
must accompany each bid lo ensure faithful performance of terms and conditions of same.
In witness whereof I herehy attach my hand and
seal of office this 25th day of February, 1901.

:SEAL.-

Season^ood A Mayer, Cincln....ll0'18
107-86
9. A. Kean. Chlcaeo

113-.>li

&Co.,Clncln

^40,000

Clallam County, Wash.,
5% REFUNDING BONDS.

reject any or all bids.

Hayes * Sons. Cleve

Secnritiea are in denomination of $500, dated Feb. 15, 1901.
Interest vdll. be payable semi-annually and the principal
will mature one bond yearly on February 15 from 1902 to
1921, inclusive.

of $50,000 at 3-35^.
New Orleans, La. Bond Offering.— Propoaala will be received until 3 p. m., March 12, by the Board of Liquidation
of the City Debt for constitutional bonds of the city of New
Orleans in such amounts as will realize the sum of $115,558 33, the amount of a judgment entered by the Supreme
Court of Louisiana in the case of State ex. rel. Miss L. B.
Wilder et al. vs. Board of Liquidation of the City Debt and
also to realize the sum of $39 50, being the amount of costs.
Securities are dated July 1,1892, and will mature in fifty

LOANS.

J.

R. Kleyb(p|to

1

—

Notice

:

Parson. Leach

For description of bonds see Chronicle Feb. 23, p. 403.
New HaveD, Conn.— Temporary Loan. This city has borrowed from Dunscomb & Jennison, New York City, the sum

NEW

A

MUNICIPAL
AND

Service

Public

The legality of these bonds has been approved by
Dillon & Hubbard, of New York, whose certificate as
to legality will accompapy the bonds when delivered.
Bliink form of proposal and fuil particulars will be

furnished on application to

A. M.
City of Atlantic City,
Department of Finance.

BONDS.
E. H.

ROLLINS &,SONS,
BOSTON.

HESTON.
Comptroller.

OorDoraticn

Denver.

Snn Francisco.

THE CHRONICLE.

OUIS

Rassellville, Ala.—Bond O^ering'.— Proposals for the $12,500 Q% gold scbool bonds, mentioned in the Chronicle Feb.
16. will be received until 12 m. March 18 by E. T. Allen,
Mayor, and the Board of Aldermen. Securities are in denomination of $500 and the interest will be payable annually.
The bonds have been made redeemable in twenty years.
Saginaw, Mich.— Bond Sale.— On February 28 $35,000 i%
20-year refunding water bonds ($25,000 Eastern Taxing Dis-

and |1(),000 Western Taxing District) were awarded to
Estabrook & Co., Boston, at 111'157, an interest basis of
about 3 •238^. Following are the bids:
Estabrook & Co.. Boston
$3S,904 95 Trowbridge & NlverCo.,Chlo.t38.18B OO
Dentson, Prior & Co.. Cleve.. 88,682 00 Seasonijrood & Mayer, Cincln. 88,033 8c)
Spltzer & Co., Toledo.
38,B37 20 H'eder. Holzman & Co.. Cln.. 37,147 50
BiodKet, Merritt & Co.. Bost. 88,60] 50 Second Nat. Bank, Saginaw.. 85.973 oO
II. L. Day & Co.. Boston
«8,582 66 Geo. L. Burrows & Co., SagiFarson, Leach &Co.,Chlc
38,517 00
.... 35,000 00
naw
M. A. Stein, New York
i8,8l4 50 W. K.Todd&Co.(for»25,000) 25,850 00
W. J. Hayes & Sons, Cleve... 38,29 j 00 John L. Jackson (lor $10,000) 10,700 00
Securities are in denomination of $1,000, dated March 1901.
Interest will be payable semi-annually.
St. Louis, Mich.— Bond Safe.— The $8,000 A% 14-21-year
(serial) bonds, mentioned in the Chroniclk Feb. 2, were
awarded on March 1 to W. J. Hayes & Sons, Cleveland, at
102'2375. Following are the bids:
W.J.Hayes & Sons, Cleve...*$H,179 00 Seasongood & Mayer. Cln
$8,066 75
N. W.Harris & Co., Chicago.. *8,103 00 Mason. Lewis & Co., Chicago.. 8,037 (lO
R. Kleybolte &Co.,Clncin
8.09150 Chas. H. Coffin. Chicago
8,00600
John Nuveen& Co., Chicago.. 8,07160 8. A. Kean. Chicago
7,920 00
Trowbridge &NlverCo..Chlc.. 7,853 00
* And accrued Interest.
Saiida, Kan.—Description of Bonds.—The $24,000 water
bonds, which we stated in the Chronicle February 28 had
been sold to local investors, are in denomination of $500,
dated March 1, 1901. Interest at the rate of 5% will be payable semi-annually and the principal will mature March 1,
trict

.

.

1916, subject to call after

March

1,

1911.

South Morgantown, Monongahela County, W. Va.—

Bond

Offering.— Propoaals

March

25, for $9,900 5% street

be

will

received until 12 m.,

and sewer-improvement bonds.
Securities are in denomination of $100. Interest will be payable annually and the principal will mature $900 in ten
years and $600 yearly thereafter until paid. W. L. Coombs

Town Recorder.
Syracuse, N. Y.— Temporary Loans.
cently negotiated the following loans
is

—This

city

has

re-

:

INVESTMENTS.

$75,000

First

Niver

Co.,

CHICAGO, IliL..
National Bank Buildins.

MASON, LEWIS & CO.
BANKERS,
CHICAGO.

00 Devonshire

—

Blodget, Merritt 4 Co.. Boston. .3*19%
Blake Bros. & Co., Boston
3-24«
Bdgerly & Crocker, Boston
3-26*

Tlie excliance

Railway and Gas Companies.
lilST ON APPLIC ATION.

T. B. POTTER,
MUNICIPAL and DriKinc

N.

sidered in the State Legislature providing for a loan of
$50,000 for the purpose of eliminating grade crossings.

Wythe County, Va.— Bond O^ering,— Proposals

Ld.,

lilST

238-240 La Salle Street,
I

is

W. HARRIS &

CO.,

BANKERS.
Chicago.

St.,

New York Office. 52
CORPORATION,
MUNICIPAL,

Companies'

New

E. C.

York.

DULUTH.

II.I.S.

ON APPLICATION.

MUNICIPAL

SEC URITIES.

}r^^..-^^
RAILROAD
^
corporation)

BONDS

ecnrities Netting from 4!^ to 6

always on

liand.

121

SEND FOR

LIST.

ATLANTA GA.

FULTON & CO.,

Municipal Bonds,
171

ABS'n.j

Co..

BANKERS,
Devonshire Street*

BOSTON.
N. Brown & Co.,
BANKERS,
CEDAR STREET. NEW YORK.

James
No. 6*

Dealers in Covernment, Municipal, Railroad and Corporation Bonds.

TO NET FROM

Investors.

3

TO

65f.

CORRBSPONDBNCB INVITED.
CO.,
B. POWELL

MUNICIPAL BONDS. HARRY
WOODSTOCK,
Securities Netting from

3K to 6^

ALWAYS ON HAND.

Send for our Investment Circular.

OUKE

&

VERMONT.

The Mutual

Benefit

LIFE INSURANCE CO., NEWARK, N. J.
FARSON, Banker, AMZI DODD,
President
115 Dearborn Street,
CHICAGO.
Assets (Market Values) Jan. 1, 1901. .t74,311,468 25

....

M.

Municipal Bonds.

.

SOUTHERN AND WESTERN
SECURITIES,
D. H.

la salle street,

CHICAGO.

8b

INTHRJEST ALLOWED ON DEPOSIXS.
Commercial Paper, Mortgage Loans,
Orders executed on N. Y. Stock Exchange.
Local Stocks and Real Estate.
Bonds and Inyestment Secnrities
Act as agents for non-resident property owners and

Per Cent

ROBY ROBINSON,
F. R.

MINN.

[Members American Bankers'

York.

STANWOOD

A.R.Macfarlane&Co.
BjLNKHMS jlxd bsokjess,

street.

MUNICIPAL BONDS.

Oovemment and Mu-

^^*''Vui,^Cr'*'®
Building)

)

New

nicipal Bonda Bought
Sold.

[BONDS.

List on application.

way, Oas and EUctric

and

)

50 Wall

BOSTON.

Light

Broadway.

Barstow Brothers
RAILROAD,

in Bondt of
Railroad, Street Raii-

Quotations furnished for purchase, sale or excbaUKe

31 Nassau

CHICAGO.

Deal

DEAIiEBS IN

INVESTM ENT

be

INVESTMENT SECURITIES.

London, E. C.

St.,

AVAILABLE IN ALL
PAETS OF THE WORLD.

172 Washington Street,
-

will

received until Mar. 11 by William B, Foster, County Clerk,
for $40,000 4% 1-8 year (serial) court-house bonds. Securities
are in denomination of $500, dated May 1, 1901. Interest
will be payable semi- annually. Bonds are exempt from

Issue Travelers'
Letters of Credit

CORPORATION BONDS,
-

Rogers, Newman & Tolman.Bost.3'375){
Jose, Parker & Co., Boston
3*41i{
Curtis & Sanger, Boston
3'5&^

West New York, N. J.— Bids.—The highest bid received
on March 4 for the $55,000 4^ sewer bonds was that of M. A.
Stein, New York, at 104'58. Following are the bids:
104-68
M. A. Stein, New York
Thompson, Tenney & Crawf ord,103-50
W. J.Hayes & Sons, Cleveland. 104-373 Lawrence Barnum & Co., N. Y. 103-475
N. W. Harris & Co., Chicago.... 104-276 Dick Bros. & Co.. New York
lOS'OO
C. R. Williams & Co., Plttsburg.104-37
W. R. Todd & Co., New York... 102-00
104-076 H. W. Poor & Co., New York .101-00
Jno. D. Everitt & Co., N. Y
The award will be made on March 11. For full description of bonds see Chronicle Feb. 28, p. 404.
Wilmington, Del.—Loan Proposed.— A bill is being con-

Cable Address :— SABA.

.

&

vestment.

prepared to entertain
proposals tor introducing South African
and Rhodesian shares in America.
Only first-class propositions.

New Yohk.

Clioice Issues.

CHICAOO,

'

Loan was made in anticipation of collection of taxes.
Waxahachie (Tex.) School District.— Bonds Registered
and Sold. — This county has had registered by the State
Comptroller an issue of $14,500 school-house bonds. These
bonds, it is stated, have been sold to Ellis County as an in-

St.

MUNICIPAL
RAILROAD
BONDS.
"^*^*^^*
CORPORATION
Street

&

HEAD OFFICE

BOSTON,

Blonadnock Buildlnff,

months ®'i-ao%
months @3*60i{

8 months @3-50<
8 months @3'50^

Thayer County, Neb.—Bond Sale.— On February 26 the
$55,000 1- 10-year (optional) court house bonds were awarded
to the State of Nebraska at par for 3i^ per cents. For full
description of bonds see Chronicle Feb. 9, p 305.
Troy, N. Y.— Temporary £oan.— This city has sold to Dunscomb Jennison, New York, an issue of $100,000 revenue
bonds at 3}4i interest. Loan will mature in October, 1901.
Vancouver, Wash.—Bond O^ertwgr.— Proposals will be
received until 7:30 p. m., March 25, by J. J. Beeson, City
Clerk, for $45,000 refunding bonds.
Waltham, Mass. Temporary Loan. This city has borrowed $75,000 for eight months from Blodget, Merritt
Co.,
Boston, at 3'19^. Following bids were received:

EXCHANGE,

24 Throgmorion

Price to yield 5]^,

&

e
6

Bankers and Exchange Agents.

MEXICO,

GOLD BONDS.

Trowbridge

with Danscomb & Jennison, New York
with Dunscomb & Jennison, New York
with Myron W. Greene, Rochester
with C. Weil &Co., Boston

$50,000
80,000
100,000
160.000

county taxes.

STATEofCOAHUILA,
OF
U. S.

[Vol. LXXII.

INVESTMENTS.
_jyMSCEU-ANEOj^^
LONDON AND PARIS Geo. D. Cook Company,

WK OWN AND OFFER

6%

—

LIVERMORE,

8DCCK3S0R TO
31

ROSENBEKGF.R dc LIVERMORE
NEW YORK
NASSAU STREET, -

Liabilities (N. J.

.

and N. Y. Standard).

Surplus

68,186,103 94
6,1SJ5,364

MUTUAL BENEFIT POLICIES
Contain
Special and Peculiar Advantages
which are not combined

POLICIES OF

In

the

ANT OTHER COMPANY.

91