The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
.
State and City
[Entered aooordlng to Aot of Oongreas, In the yeax 1900, by the
»
11,
1
Supplement (^AMuaij^
NO. 1874
25, 1901.
Wttk snding May
OlearinQi
1901.
Terms of Subscription— Payable in Advance :
$10 00
For One Year
For Six Months
6 00
13 00
European Subsorlptlon (IncludlnK postage)
European Subsorlptlon Six Months (Including postage) ....... 7 50
M2 14 s.
Annual Subscription In London (incladlng postage)
do.
..41 lis.
do.
SixMos.
do.
Above subscription Includes—
Street Bailwat Supplement
Thb Quotation Sdpplbmbnt
STATE AND CiTT SUPPLEMENT
THB IMVESTOBS' SUPPLEMENT
Terms ol Adyertislng—(Per Inch Space.)
Transient matter
$4 20 Three Months (13 times) $29 00
"
Six Months
50 00
(26
STANDING BUSINESS CARDS.
)..
" ). 87 00
Two Months
(8 times).. 22 00 Twelve Months (52
|
Boston
Providence
Hartford
186,798,914
7.316,800
8,822.589
1.789, 66H
1.737,886
1.824.H82
l,3aw,019
881,567
630,798
New Haven
Sprlufffleld
Worcester
Portland
Fall River
Lowell
Bedford
New
5n.049
HolToke
291.776
Total
New
Bng..
Chicago
Cincinnati
Detroit
Cleveland
,
Milwaukee
Colambas
London Agents:
A
WlLLIAItl B. DANA COiTIPANir, PabUsbers,
Pine Street, Corner of Pearl Street,
TiE'W irORK.
Post Offiob Box 958.
Indianapolis
Peoria
Toledo
Grand Rapids
Dayton
BvansvUle
Youngstown
SpringUeld,
111
LezlDKton
Rookford
The following table, made up by telegraph, etc., indicates Jackgonvllle, lU.
that the total bank clearings of all the clearing houses of Qulncy
Bloomington.
the United States for the week ending to-day. May 35, Jackson
Ann Arbor
have been $2,205,404,401, against $2,958,144,453 last week and
Tot. Mid. Wesfn
$1,571,225,971 the corresponding week last year.
.
San Franolsoo
Salt Lake city
Wttk Ending May
25.
New York
11,256,433,980
119,4&5.5(0
80,426,891
Boston.
Philadelphia
Baltimore
189,664.731
87,690,751
8.230,163
(1,649.766,401
200,086.492
$1,126,684,377
ieO.146,971
tl,849,S5i,e93
865.551,618
$1,306,711,848
264,614,623
12,205,404,401
$1,571,325,971
+40-4
ChloaRO
St. Loals
New Orleans
Total
all oltles,
6 days
All oltles, 1 day
Total
all olttes
for week.
+66-4
+80'9
411-0
+25-0
+84-5
+6-6
1803,956,261
91,863,617
77.851,679
16,059.830
106,448,247
26,004 467
6,S91,376
18.tl64,893
Seven olttes, 6 days.
Other oltles, 6 days
P. Cent
Tacoma.
Tlelena
Fargo
Sioux Falls
Total Paollio
New York
Philadelphia
PlttsburK
Baltimore
Baffalo
WashlnKton
Albany
Roohester
Byraouse
Boranton
Wllmlnston
Btnehamton.
Chester
Greensbura
Wbeolln«, W. Va.
Totxl Middle
—
1
4
1.642.7!)«|
7
+28-4
1,792 528'
1,104.963
1.023.103
948.916
+58 7
898.192
Not include d
8
+85-5
+29
1
+46
—89
+1-9
423.0191
460,0591
+117
+70-8
-80-1
869.000
336.668
298,468
840,870
233.161
189,388
—18*
+256
+27-9
-3 6
12.682860
6.404.087
6,969.500
6.148.714
5.125.fC0
3,057,079
1.607.071
3,149 764
818.847
718 033
935,948
876.071
823,348
884.678
893.600
874.594
S86.671
271245
197.088
+37-0
+200
+35-4
in tot al.
+812
181,844,411
1«6.383,379
81.473.864
2.607,087
1.867.328
2,800.516
8.316.608
1,309,344
1,017,705
646.884
276,838
159.869
19,003.431
8.198.165
1,488.827
1,639.806
8.000,893
1.381.699
14.871.463
1.348.971
1,997.801
1.863.323
1,827.490
9C6.4U8
1,009,168
653.966
88.610,427
88,975.980
39,858,4;S8
23.576,096
14,066.946
9.319.914
6.809.198
4.883.881
8,781.711
4,887.890
1,816.582
756.697
l.lb9,088
787.877
560 372
18497,560
11.864.4C0
10,236.410
6.951.981
8S6.312.813
196,053,915
84,030,648
3,439.499
2,377.230
8.118,907
8 289.101
1,196,601
1,087.256
687,856
304.616
205,099
Denver
Pan!
Joseph
Des Moines
Davenport-
St.
756,692
Sloui City
l,S49,81t<
Topeka
910,460
68w,865
Wichita
Fremont.
Hastings
Colorado Springs..
Tot. other West.
867.200
637,847
256.870
55.709
810 746
88 096
160.000
636.476
Louis
New
Orleans
Louisville
Galveston
Houston
Savannah
Richmond
Memphis
Atlanta
Nashville.
Norfolk
Augusta
Knoxvllle
Fort Worth
1898.
Chattanooga
Jaoksonrllle.
766.408 491
70,178. 7»7
17.117.300
18.286.Ha3
4.817,549
2G91.135
1 629.878
1,244 H76
938 320
779 997
346.600
3.3V3 148
1,343 189
607.077
757.104
668.990
1134.469
596.958
584.536
80,550
121.374
155 OjO
648 844
104 583
123 877
al.
49.431.460'
+12
9
40.717.460
41.318.596
60,537 880
10.782,079
9,949,899
S,803.0O0
4,600 OOJ
8 539 411
4.054.668
3,314.968
1.974.657
1,541.24H
1.428.904
876,882
741.204
1.383.039
38.191.901
8,886 008
8,383 673
9.678.000
8,759.758
2.906,808
8,907.871
8.473,8 lb
1.539,7021
1.669 448
1,477,809
888 66S:
607,811
1,118.4371
718.795,
436.000
488.695
600,000
+62
3
83.499.757
7.4S4 847
7,832.926
8 270.100
2.456.711
87.688 610
7.887.148
6.446.916
£.028.500
8.890.146
1.817.C57
8.138.788
232. 16f
888.783,103
644,390,97*1
+81-6
+18-7
+83 6
+66 7
-18
8.004.49{<
+89'4
8.009,497
1,986.547
1.891 148
1.3T9.714
1,026 659
688.838
607.264
+84
+88*8
—77
-38
+50
+88
1
+18-8
+83-«
7
+228
"+34 8
+79-1
+28-6
000.4H5
509 960
904 688
466 846
806.789
621.196
417.000
403.369
378 692
219 2S8
+30
—01
-16
1,844683
1,148.653
1,066.160
951.138
414.000
K77 773
«67,804
100 801
08 8l9.8(»i
08.812.167'
1
.878 593.896 1 J74 618 883
687,300.936
518.104 333
15 821.894
9.050 343
1523 767
1,179 687
7S0.t4l
18 797.403
Casada—
Montreal
Toronto
Winnipeg
Halifax
Hamilton.
St.
John
Victoria
878ierth6l
3.976800
8.363 008
2.«61 697
8.558,601
l,474,b70
768.376
Not Include d
99,427.220 "~73?776.k'53
Total Southern..
3.958.144.458' .651.254.462
Total all
Outside N. York.
4544,166
65.826.857
740,000]
432.000
668.161
600.000
885.000
Rook
8,290.166
4.480,460
89.684'
101, BBS
Birmingham
Macon
Cent.
,189.416.S60 1,008.863.479
+1115 1,846.293.P60
iai,046.HSS
93,268.906
+29 8
90,417,381
48 471.477
81,376,718
+886
86,567.221
+31-6
aiMS 348 21,232 257
83,»73..Srtl
6 5^6.308
6,7d8,Ui9
+13 8
5.015,297
3,800.000
8,609.442
+8i-6
2.684.946
8.807,501
8,892,117
+156
3,204.949
+34-4
8,080.873
8,254.660
1.893 812
+6-5
1,874,311
1.80<i,0»8
1.160.183
1,408.410
+25-8
1,116307
1,084,172
+7*6
1,081.647
1.005,702
884.180
316,600
3B4..SO0
—18 7
368,400
880.936
361.018
2a-8
320,000
809,48t
+80-0
166,256
736.474 Not Include d Id tot al.
8 343.80».l0(< 1.170.999.186
-I-IOO-I 1.401.666.764
+37
+29
St.
18.
1899.
6.404,0781
4.769.800
2,778.946
+84-4
Omaha
Little
1901.
+1911
+18"2
+8-7
-|-41'8
We
J-*.
117,247.794
4-4a*2
127.700.152
14.860.3J0
8.317.1851
8.9b0.«18!
9,604.791
0,464.086
4.976.049
4,300,238
4,787.127
1.680.008
present below our usual detailed figures for the preTious week, covering the returns for the period ending with
Saturday noon. May 18, and the results for the corresponding week in 1900, 1899 and 1898 are also given. Contrasted
with the week of 1900 the total for the whole country shows
a gain of 79*1 per cent. Outside of New York the increase
over 1900 is 28"6 per cent.
1900.
+17
SO 367,604
St.
1001.
111,862.811
185,955.616
14.986.460
7.988.010
11.041.936.482.014
5.602.200
8,488.847
1.786.443
8,021,301
1,408,669
1,008.688
958.311;
819,180
484.843
448.760
415,700
B86.273
408.878
848,860
887,814
187,879
875,000
164,756
181,678
Kansas City
night.
Wetk ending May
5863.300
8.3^5.451
1.696,070
1,387.788
1,501.725
1.400.991
768.485
670,869
541,731
160,208.P17
20,301,600
10.241,480
1B,6H9,378
6.482,181
6,606.800
8.738 673
8,385,856
Minneapolis
-t-46-4
We
at—
874^;_J^2
95.8rf7.893
160.906,678
+11-1
full details for
OXtaring»
Seattle
Spoliane
U8,7t-0,964.
H,93U,700
2.404.984
1.634.C28I
1,841,532,
1,498,596
1,3«2,154
914.753
865.177
475,296'
240.0001
4-17-7
the week covered by the above will be
given next Saturday.
cannot furnish them- to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday
The
Portland
Los Angeles
P. Cent.
$
H3,e09,''44.
+478
+11-3
6,578.100
+88 8
2.236.C00
+371.265.002
+417
1,219,703
+42-7
1.278,430
+iJ7-3
l,044,3lb
+33-1
e78,b93,
+as-r
499.89;
+49
865.784
+44-4
878.958
487,193
482.919
494,631
709,900
428.219
83^.793
304.085
867.446
181,886
376,861
197,707
178,888
78.688
Springfield, Ohio..
1900,
1898.
188,017.968;
1.467,881
1,895.076
Canton
1901.
1899,
184.865,030
2,622615
Akron
Kalamasoo
CLEARING HOUSE RETURNS.
1901.
1900.
I
|
Smith, 1 Drapers' Oardens, E. O., wUl take subMessrs. Edwabds
Borlptlons and advertisements, and supply single copies of the paper
at Is. eaoh.
18.
at—
PUBLISHED WEEKLY.
Oiearingi— Heturni bv TeUgravH.
^Amuouy)
WtLUAM B. Daita OOMFAjrr, in tbe otfioe of the Librarian of Congress.]
SATURDAY, MAY
72.
1
KailwaySuppIement
Street
(Montiiiy)
Investors Supplement (Quarterly)
VOL
1
xmidt
fliuMrn^
QuoMon Supplement
1
Vancouver
Quebec
Tot») Canndn
,
80 389 33»
12681.815
16.803 193
9.802.81f
1.861.496
1.710.643
^59.864
7i3.18f
8,409.411
1,816.607
618.806
945.691
1,5!S6.6S^
89 984 TWO
760.455
693,906
702.439
8ft! -240
N ot
inoliule d
8164-*7Hrt
+84
1
+89-4
-81-1
+a9-«
+86*3
9
»-6
—
+ 104
n tot
J-Prt9i
693 899
873 14t5S1812|
7809381
+86
I
7,787.853
2.183 809
1.844 140
;»1.
619.681
I
80.800.S04
9R.9rtS.ff»5
]006
T5E CHKONICLE.
TEE FINA NCIA L SIT UA TION.
In an industrial way, the dedication ceremonies at
Buffalo of the Pan- American Exposition, which occurred on Monday, have been the event of the week.
Although the day was cloudy and dark, with only an
occasional appearance of the sun, there was no rain,
and novel
exercises
so that all the ordinary
through
on
movements planned were carried
time, the whole assemblage pronouncing the enAddresses were made
tire affair a grand success.
by Vice-President Roosevelt and Senator Lodge,
a conspicuous feature of which, as well as of
the dedicatory services, was the decided words
spoken for a closer union among the republics of
America, especially in carrying out the ** determination that no Old World Power shall acquire new
Those words
territory on this Western Continent."
evidently cover a large undertaking, assuming not
only the enforcing of the Monroe doctrine but also a
continued, hearty and full co-operation by all the
South American States with this G-overnment
subject
of wide
that
purpose.
Another
in
in
his
remarks
Vice-President
touched
the
interest
by
was the labor question. He gave utterance to a capi*'The poorest
tal rule for guidance in such cases.
motto/' he said, **upon which an American can act
is the motto of 'some men down;' the safest to follow is that of 'all men up." " He did not go so far as
to apply it to the eight-hour-a-day struggle now in
progress; which means among other results disaster or
"down" to the smaller capitalist and "up" or aid
towards a monopoly to the larger.
It is quite a remarkable fact that all who have visited the grounds at Buffalo should join so heartily in
Of course
this
[Vol. LXXII.
approval
does
not of
itself
build
the tunnel.
It is a long step in that direction.
the contentions as to route are closed and the
impracticable suggestions of Mr. Al. Johnson, Justice
By
it,
Gaynor and others of their kind are all put to rest.
Indeed, as we understand the situation, when the approval has been signed by the Mayor, the only remaining preliminaries to starting construction which
can be interposed are the passing of the appropriation
and advertising for bids. We assume that the Esler
has any future, can in no degree delay
operations by the Eapid Transit Commission.
tunnel,
if it
A point
not to be overlooked with reference to this
enterprise is that the tunnel improvement is sure to
be a special benefit to a numerous class of busy young
men of moderate incomes compelled to be in New
York daily, and who cannot live (without quick transit) far from the city.
There is no portion of the
near-by environs of New York where comfort in hot
weather can be so certainly secured as on Long
Island.
Eesidence there is, though, in large measure
shut out to the class that needs it most, chiefly by the
three- quarters of an hour night and morning consumed
in getting from the railroad terminus (Long Island
City)
to and from the
office districts through
James
Slip or via Thirty-fourth Street and the Elevated Eailroad. The Annex boat during the two or
three months it runs reduces this time somewhat, but
even if it reduced it more, twenty cents a day is a
same class. On the other hand, with
the tunnel built, with the route from Jamaica to
large tax for the
Brooklyn and thence to
New York
without change of
cars (estimated to consume only 18 minutes), added
to increased speed on the Long Island Eailroad (sepraising the originalities and strikingly new effects cured without great effort), a vast stretch of land
produced there. After so many successful national where the breezes blow and children thrive would be
and international fairs, it would seem to be almost opened for occupancy in reach of those most needimpossible to plan another and not to duplicate the ing it.
features heretofore most conspicuous in such underYet those who had the direction of this
The Wall Street market has shown no unexpected
takings.
great enterprise have certainly found it possible to feature. It has worked in a natural way since the
introduce many new attractions and to a large panic along the lines anticipated, settling this week
extent avoid mere imitations. The problem of the into a condition partaking in part of the actual
artists who have made the Buffalo show was, as "The strength of the industrial situation and in part of the
Times" well says, to rival the Exposition at Chicago, weaknesses the speculative collapse exposed. Among
but in attempting this not to follow the old lines. the latter was the reaction Thursday due to an advance
For instance, they might have repeated " in lath and of 45 points in Northern Pacific. Eainy weather nearly
plaster the illusion of permanent palaces" which was everywhere has tended to improve the crop situation,
They have which before had been growing less promising. In
so well attained in the Chicago fair.
avoided doing that and confined themselves to erec- some sections of the South the storms have protions "which were obviously and avowedly, as well as duced washouts and overflows which have caused
The result is the ap- local damage and loss. x\s a general result,
really, festal and temporary."
holiday
buildings
for pastime, even the though, it can be assumed that crop conditions even
pearance of
painting emphasizing "the joyous and festal impres- in the South have been improved. This change has
had no observable effect on stocks. Eumors have
sion proper to a great fair."
been abundant and of influence on individual properAnother undertaking of very decided interest in ties; but though the general tone was firm, the marmany ways to this city was the approval Tuesday ket has been quiet and the volume of transactions
by both branches of the Municipal Assembly of the small. Oa Tuesday the sales of stock were 652,667
plans of the Eapid Transit Commission for the tunnel shares, or less than on any day since January 25, and
That action will be heartily welcomed the.total sales for the week have aggregated only 4,591,to Brooklyn.
by, and prove very encouraging news to, not only all 563 shares, which if contrasted with 14,524,426 shares,
the permanent residents of Long Island, but far more the total for,the week ending May 3rd, indicates pretty
to the much larger number who spend several clearly the change in the speculative sentiment that
months there every summer, and to the still has taken place.
greater crowd kept out now by reason of the
A scheme which looks as if it contained material for
time consumed in getting down town either from
the
great
possibilities, has been a subject of discussion on
Flatbush Avenue depot.
Long Island City or
—
May
THE CHRONICLE.
25, 1901.]
the Street. Whether there is any thing in the numerous rumors that have been afloat concerniHg the matter, and if so how much, will take time to determine.
be courted by
]007
all financial icterests.
He
is
not a be-
Government ownership of railroads or of telegraphs. Our form of government is not adapted to such
It seems that Henry L. Sprague has bought the centralization of power, and besides that, natural laws
Newark meadows, about 8,000 acres, giving therefor can be relied upon to furnish a sure and proper
about $3,000,000 for some one or more individuals. remedy for any evils that may exist under present
That statement seems to be substantially cor- conditions. Answering the query whether conThe earl- solidation of the transcontinental lines would
All outside of it are rumors.
rect.
who kill ofiE competition, he said he did not believe
was that Mr, Cornelius Vanderbilt,
iest
Power
International
Company,
in
the
director
is a
such a consolidation would ever come certainly
was the purchaser, and that he was to use the land for not in this generation. If it should ever come
the erection of a large steel plant, presumably for the it would be a strong and convincing argument for the
manufacture of locomotives. As 8,000 acres devoted construction of a parallel line to preserve comto a single steel plant, when looked at in print, seemed petition.
appear to him that there
It did not
liever in
—
such a manifest misfit, the story was speedily discarded as by no means a likely adventure. The public mind consequently turned to Mr. Morgan and his
steamship lines, his billion-dollar steel organization
and his Erie Railroad all of which, taken together,
were so worked up as to completely cover the meadows
—
with docks, buildings, railroads, canals, &o., &c.
occupyiDg every acre of the eight thousand. Later,
however, the conclusion was reached that there was
still room for another interest, and so the Reading and
Jersey Central railroads and coal companies were
added as co-occupants. What could be more reasonable than such a scheme ? Have we not been told that
Mr. Morgan is about to buy one-half the world as a
dumping ground for American manufactures and
products? Has it not been announced as an adjunct
that he is to make London the entrepot and is about
to buy and rebuild the London docks for that purpose? Has not Mr. Morgan just been to Paris in consultation with President Loubet, and has it not been
also announced that he has entered into a contract
for a large export movement of coal to France;
And was not the billion- dollar steel combination an
inspira^on based upon the greater idea of making a
market for all our surpluses? What could be more
natural and appropriate than to buy these meadows
for these uses and purposes? Finally, in the light
of
these suggestions,
why should not
Erie,
Central and Reading stocks continue to
this
Jersey
advance
week?
Mr. Jacob H. Schiff, in his testimony before the
Industrial Commission this week, gave expression to
some wholesome truths. He furnished a capital definition
of the meaning of the phrase ''community of interest,"
which has been the governing principle in so many
movements during the last eighteen months in the
railroad and financial world.
The owners of railroads, he stated, are forced to take steps to protect
themselves against the demoralization and consequent depression of their property brought about
by anti-pooling legislation. If, therefore, the stockholders of one road hold stock in another, not
necessarily a controlling interest, they will not vote
to take any action to reduce the value of their holdings.
That was community
difficult to
of interest.
It
would be
furnish a terser or better description than
was any
over- capitalization
ket
the
or
of railroads.
investor quickly discounts
The marany
over-
what looks like over capitalization.
He illustrated his meaning by saying that if a capitalization of $50,000,000 pays 8 per cent and an increased
capitalization or
$100,000,000 pays 4 per cent, the
result is the same, and there is no added burden on
the public which has to provide the dividend by paycapitalization
to
On the whole Mr. Schiff
ing transportation rates.
proved one of the best witnesses that has appeared
before the Industrial Commission.
The Hocking Valley Railway has now begun dividends
on its common stock, 1^ per cent having been declared
on this class of shares on Tuesday of the present week
from the surplus net earnings cf the current fiscal year.
The Hocking Valley, though one of the smaller companies, has had an interesting record of prosperity.
Not much more than two years have elapsed since the
company was organized, it being successor to the old
Columbus Hocking Valley & Toledo, which was sold
The reorganization
at foreclosure February 25 1899.
was in accordance with the drastic methods characteristic of the work of J. P. Morgan & Co. Dividends
on the preferred shares were inaugurated at the beginning of 1900, 1^ per cent being paid in January of
that year. In July this was increased to 2 per cent,
and since then the 2 per cent semi-annual payment
has been continued, giving the preferred shares the
cent preference to which they are
full 4 per
entitled.
The income account for the fiscal year
to June 30 1900 showed a large surplus remaining
above the requirements for the 4 per cent on the preferred stock, and payments might then have been begun on the common stock. But a prudent, conservative policy was pursued, and tho money retained
for other purposes.
For the current fiscal year
there has been further improvement in fiscal results,
the statement for the nine
months to March 31 1901
showing a surplus above fixed charges in the sum of
$1,060,707, against $790,900 in the corresponding nine
months
of the previous
fiscal year.
The amount
of
roughly, $14,000,000, on which
the call at 4 per cent is $560,000 per year. Of the
the preferred stock
is,
common
amount
stock the
at present outstanding
$10,383,100, and the 1^ per cent declared on the
about $156,000 ; 3 per cent per
for, roughly, $312,000.
will call for
Asked if he thought the community-of-intereat
would
movement would be carried so far as to bring into
harmony all the railroads of the country, he propthis.
call
is
same
annum
Official rates of discount -at the chief European cenwas too big a proposition to be the subject of prophecy.
He did not think that there would tres remain unchanged. The feature of the week was
be any objection " to a supervision that will be the opening on Wednesday at Paris of subscriptions
efiectual for the protection of the people's rights;" for the new Russian loan of 424,000,000 francs, and
in fact it was his opinion that such supervision would when the books were closed it was reported that the
erly said that
THE CHRONICLE.
1003
[Vol. LXXII.
good. Rates are 4 per
subscriptions were several times the amount of the such loans; the demand is
The success of the negotiation was said to be cent for thirty to sixty days and4@4ipercentforthreeto
iflsue.
mixed Stock Exchange collateral.
/largely due to the Kothschilds, who arranged with the six months on good
paper, has somewhat imprincipal banks of Paris to receive subscriptions. The The supply of commercial
no means sufficient to meet require ;loan is termed the Eussian 4 per cent consolidated proved, but it is by
business is principally confined
Eentes, and the price of issue is 98i per cent, one- ments, and the
are 4 per cent for sixty to
ienth payable on application, one- fifth on allotment to inland buyers. Rates
endorsed bills receivable, 4@4^ per cent
jand the remainder October 2 and December 2. An ninety day
per cent for good four to six
Imperial ukase declares that the loan is authorized in for prime and 6@6
order to restore the advances in 1900 of the Russian months single names.
"Treasury to railroad companies and to meet the exThe Bank of England minimum rate of discount
Interest is payable
l>enditures of the current year.
per cent. The cable reports
quarterly, beginning with June 1, and the bonds will remains unchanged at 4
ninety- day bank bills in London
not be redeemable before January 14 1960. They are discounts of sixty to
The bonds were quoted at 3f @3| per cent. The open market rate at Paris is
free of all Russian taxes.
per cent on Wednesday, and
a premium of 4^ per cent on the afternoon of Wednes- 2^ per cent, a fall from 3
at Berlin and Frankfort the unofficial rate is 3i per
day.
According to our special cable from London
cent.
England gained £131,528 bullion during
Thougli last week's bank statement reflected in the the Bank of
in bank the week and held £35,290,008 at the close of the
loss of loans and deposits the derangement
Our correspondent further advises us that the
or week.
conditions in the previous week caused by more
accounts, the gain was due to the import of £137,000 (of which
i€ss enforced liquidation of speculative
from £96,000 was bought in the open market, £25,000 re.statement failed to show what, as was evident
ceived from Holland and £16,000 from China), and
*he known movements of money, must have been the
shipments of £5,000 7ict to the interior of Great Britain.
improved condition of the cash reserves. Another
unprecestriking feature of the statement was the
The foreign exchange market has been dull though
dented amount of the reduction in loans and in deand the lat- strong this week, influenced by a demand to remit for
posits, the former falling off $24,204,800
for
be remem- securities bought in London and on the Continent
ter $25,864,200. On January 19, it will
by the
increase of $22,- New York account and also until Thursday
ijered, there was an unprecedented
report all
$30,440,900 in pending Russian loan in Paris. Bankers
-1841,000 and on February 2 a gain of
It
scarce.
quite
increased bills, including commercial drafts,
loans, while on January 19 the deposits
Febru- is estimated that the purchases abroad of Northern
136,451,000, followed by a gain of $32,494,500
and preferred stocks since the recent
The specie last week decreased $2,871,600 and Pacific common
;ary 2.
a net contest for the control of the road began have
the legal tenders increased $1,578,000, making
movement of amounted to fully 500,000 shares, costing about $50,loss of $1,293,600 cash, while the known
which amount is reported to have been setmoney during the week, as reported to us, called for 000,000,
thus
in- tled for mainly with credits through exchange,
a gain of $6,386,000. The surplus reserve was
the
of
gain was accounting for the recent remarkable strength
creased $6,172,450, to $13,299,925, which
requirements exchange market. Estimates made early in the year
partly due to the decrease in reserve
that $100,000,000 of securities had been returned to
caused by the loss of deposits.
country from Europe since the election, and the
The offerings of maturing bonds to the Treasury this
subsequent general
of one steady influx of securities during the
for the sinking fund have, with the exception
indicate
been of advance in the stock market, would seem to
lot of $100,000 and another lot of $200,000,
railroad properties
cents of 1907, that European supplies of American
snwill amounts this week, chiefly 4 per
must now be well nigh exhausted. In this connecand payments therefor at the New York office have
Schiff,
pur- tion it is interesting to note that Mr. Jacob H.
thus far reached a total of $9,444,196 33 since
while testifying before the
Exports of gold for the week of Kuhn, Loeb & Co.,
<3hases began April 6.
Industrial Commission in this city on Wednesday,
were $512,005 49 to Paris.
incidentally
stated
American
extremely small. There
that the
amount
of
held in Europe is
representing bankers' balances, has securities
Ickelheimer & Co. on
at was an export by Heidelbach,
loaned at the Stock Exchange during the week
to Paris, which
per cent. Thursday of $512,005 49 in gold bars
7 per cent and at 3 per cent, averaging 4i
was made profitable by the low rate of about
On Monday loans were at 7 per cent and at 3^ per shipment 17 centimes for exchange at Paris on Lonper cent, and 25 francs
cent, with the bulk of the business at 4^
On Thursday,
loans in don when the gold was engaged.
the higher rate was due to some calling of
in our market were
follow- though the rates for sight sterling
order to meet a payment of $10,000,000 on the
gold were made,
Pacific higher, no further engagements of
ing day on account of the $40,000,000 Union
centimes in the
Southern because of an advance of at least two
<50iivertible bonds which were issued to pay for
Paris on London. The amount
On Tuesday transactions were at 5^ rate of exchange at
Pacific stock.
Saturday last by
of gold coin which was forwarded on
per cent and at 3^ per cent, with the majority at
Amsterdam was $250,000
loans were Goldman, Sachs & Co. to
|)er cent. On Wednesday and on Thursday
The steaminstead of $200,000, as stated last week.
at 4i per cent and at 3 per cent, with the bulk of the
S. W., on Wednesday
On Friday transactions were ship Ventura left Sydney, N.
iDaifiiness at 4 per cent.
to bankers in San
at with £100,000 gold consigned
«t 4 per cent and at 3 per cent, with the majority
She will probably arrive at her destinaBanks and trust companies quote 4 per Francisco.
:3| per cent.
Assay Office paid $701,Time loans are offered with tion about June 10. The
vcent as the minimum.
at tht
227 08 for domestic bullion. Gold received
moderate freedom, but chiefly by institutions other
week, $31,107.
lines of Custom House during the
^iiaa banks, and the latter appear to have full
Money on
call,
H
—
May
.
THE CHRONICLE.
25. 1901.]
1009
good that the laborer thinks the hour confor forcing his demands,'or because trade is
on Monday at an advance of one- quarter of a cent for so bad that wage reductions have pressed severely on
The wide- spread Knights of Labor
long compared with those at the close of last week, to the wage-earner.
near-by years are an instance of
4 84|@4 85, while rates for short and for cables were strikes of 1886 and
uprising of 1892 and the*
Ilomestead
unchanged. The market was strong, and it so contin- the one, the
Nominal rates for exchange are 4 85^ for sixty- day trade is
and 4 89 for sight. Rites for actual bnsiness opened venient
ued on Tuesday and on Wednesday, though quota
On Thursday rates for short
tions were unaltered.
were advanced one- quarter of a cent, to 4 88i@4 88^,
while those for long and for cables remained unchanged. The market was steady at the close and it
was firm on Friday. The following shows daily posted
rates for exchange by some of the leading drawers.
FBI..
May
}81(?ht,..,
BarlDK,
5
60 days
86^
.
4 8B}4
4 89
l^
S6H
.
4 86)4
4 89
.
4 85«
4 89
laasardFrerei..
Sight...
The market
4 88i@4 88i for
closed
THtm.
May 23.
FBI.
86X
86«
EO
85H
89
89
86«
1^
l^
86«
80
89
85«
89
8SH
86K
89
89
89
86^
r«^
86«
86M
86^
80
80
89
86H
80
e5«
86«
89
80
T
T
4 86^
4 HO
(60 days
)
89
28.
89
^
89
4 86J^
4 80
Sight,..
i
86X
4
May
21.
If
l^
£9
l§^
4
May
20.
4 89
No. Amerloa,. ISlRht...
) 60 days
Bank of
Montreal
\ 8lBht„.
Canadian Bank ( 60 days
of Commerce.. \ Sight...
Heldelbaob. lok (60davB
elhelmer & Co 1 Sight...
(60 da ye
MerohanU' Bk.
nt Canada
85H
4
Ms«onn & Co. .isiffht....
(60 days
Bank British
W«D..
Ttms..
MON..
May
4 85«
4 80
(60dayt.
Brown Broi
17.
i^
89
89
89
86i<
§5^
89
85«
85«
89
89
84|@4
4
8»M
89
89
at
89
85^
85H
f««
89
85
long,
for
and 4 89@4 89^ for cables,
Commercial on banks 4 84:J@4 84^ and documents
Cotton for payment,
4 83|@4 85.
for payment
4 83|@4 84, cbtton for acceptance 4 84i@4 84^ and
grain for payment 4 84|@4 85.
The
money
short
following
gives
the
week's movements of
New York banks.
to and from the interior by
W»ek Bndina May 24.
1001.
BhVneA by
Received by
Net Int«rior
N. T. Bankt. N. T. Banks.
17,692,000
»4. 866,000
2.614,000
846.000
Gain. li,S28.00C
Gain. 1,793,000
$10,336,000
»5.712.000
Gain. t4 «21,00c
Qold
Total gold and legal tenders
Jtforemenf.
With the Sub-Treasury operations and gold exports
the result
Wttli,
is
as follows.
KnMnt May 34,
Out Of
Banke,
Into
1001.
Banke.
Banks
Interior
moyement. as aboye
110,338,000
»6,7 12.000
20,300,000
21 800,000
Gain. $4,621,000
Loss. 1,000,00C
130,686.000
127,012 000
Gain. 13.684.000
B«b-Trea8. oper. and gold exports.
Total gold and lega tenders
The following
In the principal
table indicates the
amount
of bullion
European banks.
May
Bank
Net Change in
Bank BoHimt.
May 24,
83, 1901.
1900.
of
Bold.
auvtr.
6oli.
Total.
Total.
Silver.
*
4
S
S
*
S
85,a0).C09
36,290,008 33,510,662
Ingland
88,510,662
97,931,044 44,438,060 142,364,118 80,142,673 46,702,468 126,936,131
rranoe
Germany*.... 81,860,000 16,140,000 47,499,000 88,482,000 14,672,000 43.164,000
Bnula
Ani.-Hang'y.
Spain
Italy
Netherlands..
Nat. BeiR'm *
70,688,000 7,889,000
88,801,000 10,907,000
78,012,000
14,008,000 16,680,000
16,184,000 1,010,400
30,682,000 18,689,000 16,836,000
17,034,400 16,448,000 1,643,000
89,685 000
83,888,000
7,034.000
01,802.000
40,708,000 87,846,000
9.817,000
47,06:?
000
17,001. 00(
B.248,8X)
6,788,100
10,070,900
4,876,000
6,994,000
10,fC9 000
2,936,000
1,487,000
4.40^,000
8,907.000
1,454.000
4,8ai.0OC
Tot-thls week 311.861,85a 104597666 415,962,431800,768.336 1C3542158 40J.310.703
Tot. prev. w'k 309.860.467 103760049 413.610.616 898.679,823 101452B07 400.0.''2,780
THB STRIKES.
As
a general rule, strike
divide themselves into
classes
laborers
—strikes
it,
which accompany and result from ad
versity.
In the middle period between good times
and bad, strikes will no doubt occur, so long as disputes on technical points between employers and employed are possible and that will be always. But
these strikes are merely incidents.
Organized labor
movements, on an extensive scale arise either because
strikes
—
It
is,
which
of course, entirely plain to
class
the
numerous labor movements
of the present year bethe
tin-plate handlers two
strike
of
the
Like
long.
years ago and the coal miners' demonstration last
summer, the recent or pending troubles with the
Albany street|car employes, with the machinists, and
with the New York building workers, were movements through which the laborers, though already
prosperous, hoped to emphasize the advantage of their
How strong that position was may best be?
position.
judged by the outcome of such strikes as have beea
settled.
In some of these recent movements, it is contendetT,.
and with some show of reason, that the demands of
There are trades in which
laborers have been fair.
both profits and opportunity for employment range
between very wide extremes. As a rule we believe it
to be true that employers have frankly recognized the
right of their employes to share in the extra profits of
good times and to share more liberally as times greir
It ought not to be forgotten that the railway
better.
managers, even when the future was still in doubt;,
voluntarily raised the wages of their laborers and that
the greater part of the manufacturing community followed suit. No greater injustice could be done to
the community of employers than to assume that they
were disposed to hold down their employes to the
wages of hard times until forced to a different posiBat it may easily have happened
tion by a strike.
that laborers in some lines have obtained less than
circumstances warranted. A demonstration on their
part, conducted peacefully and with good order, had
much to warrant it.
Along with the wish to get a proper share in the
growing profits, however, has arisen another motive
on the part of the laborers. Seeing how easy it waS;.apparently, to get higher wages by holding up industry in the midst of a busy season, the restless leaders
of organized labor conceived the idea of enforcing:
what they called recognition of their unions. This
recognition involved some very radical demandsIt began by insisting that in settling disputes with
laborers, employers should deal directly and officially
with the unions. It ended by the further demand;,,
which indeed was a corollary to the first, that nonunion laborers should be proscribed by their employers.
The one demand was inadmissible by any concern which proposed to manage its own affairs; the
other was simply monstrous. Nevertheless both demancJs have been laid before employers in recent
strikes, and both have entirely altered the public'*"
As regards the matter of union
dictation, the posi-
which tion cannot be better expressed than
occur during prosperity and are largely caused by
and
Eailway Union revolt of 1893 illustrate the other.
point of view.
movements among
two
so
York
Central's
Superintendent
struck, exactly a year ago.
"The
it
was by the
when
his
officers,'-'
New
yardmen
said Mr.
Waitt at that time, "being responsible for the lives of
their passengers and employes, for the protection of
the public, and for the rapid and continuous carriage
of the business of the country, cannot and will not
delegate to others selection of the men on whose skill
and fidelity so much depends." These words have the
THE CHRONICLE.
10
right ring,
and they apply to the manufacturing
industry only a
portation.
To
little
cite
less
the
forcibly
case
of
than
to trans-
English
through a
the
which have developed
and of the locomotive
century of test,
gineer brotherhood in this country, which
trades- unions,
en-
has
[Vol. LXXII.
market by British
manufacturers, during the past two years, resulted
directly from the trades- unions' shortening of hours,
whereby the manufacturers were unable to come
up to time on contracts, and were forced to give way
to the prompt deliveries of their American com-
loss of
more than one
profitable
a conservative organization, is little to petitors.
the point. It is quite conceivable that any union may
show such signs of broad-mindednesa and conservatism
proved
itself
as to incline employers to treat with its officers rather
than with committees of employes. But to argue
every
mushroom
THE OIL DISCOVERIES AND RAILROAD
FUEL SA VINO.
organization of the
Three weeks ago, in our article on the Financial
and under whatever manage- Situation, we made brief allusion to some of the econment, is to demand the right of standing perpetu- omic advantages that are likely to result from the
We pointed
ally between employer and employe, is going beyond discovery of oil in Texas and California.
in
essentials
all
of
the bounds of reason. The first
out that oil could not have been revealed at any points
bind
to
able
be
should
that
it
intermediary
is
an
such
in the United States where it was more needed as an
and
its own membership and keep faith, for itself
industrial agent than in Southern California and in
is
It
contract.
them, with the other party to the
Texas. The railroads in those sections have always
particular
vital
very
this
somewhat notorious that in
been handicapped by reason of the absence of available
the unions presenting the largest demands this year supplies of cheap fuel. It has likewise been difficult
have failed.
to establish manufacturing pursuits so long as the
example
strong
The Albany strike last week was a
which constitutes such an important item
fuel-cost
ambitious
of
demand
other
the
of what is involved by
in the total cost of production remained so high.
unions that the ranks of employes should be closed With abundance of cheap oil all this will by degrees
except to union members. No accusation of oppression be changed, and thus those parts of the country will
and blacklisting ever hurled against capital will, for have opened to them a prospect of industrial developwrong and injustice, bear comparison with this. In ment which hardly seemed within their reach before
the cases, real or imagined, where employers have it became known that such rich oil fields underlay the
persecuted employes, it is always pre-supposed that territory. At the same time some of the more imsome reason existed for the persecution, and that that portant lines of railroad will be able to effect large
reason had to do with the conduct of the employe. economies in operating.
The unions make no such fine discrimination. It is
The public press is now furnishing some concrete
enough that a fellow-laborer will not join a society illustrations of the truth of these statements, particuwhich he does not like. For this ofllence he must be larly that in reference to the railroads, and hence it
denied employment, and the employer himself is to seems appropriate to advert again to the subject, with
be the instrument used to punish him. It is hard to the view especially of elaborating this one point. The
say whether the wickedness of this undertaking or its Boston News Bureau on Wednesday printed a disabsurdity is the more notable.
patch from Austin, Texas, saying that General ManWe suspect, knowing the peculiar tendencies of ager Polk, of the Gulf Colorado & Santa Fe KR. (a
human nature, that the bloodshed and violence at part of the Atchison Topeka & Santa Fe system) was
Albany really resulted from the strikers' recognition quoted as saying that the test of the Beaumont oil as
The compromise fuel for locomotives on that road had given highly
of the wrong of their position.
eventually reached in that strike equally recognized satisfactory results, and that it will be generally used
the folly of the union's claims. It granted increase on that line as soon as it can be definitely ascertained
in pay for night service and extra shifts, but it also whether the oil will be obtainable in lasting and un-
from
this that
kind, however started
—
—
—
provided, very explicitly:
That men who were on
limited quantity.
The
cost of installing oil burners
and committed on the locomotives is estimated at from $200 to $300
violence shall not be reinstated unless proved guiltless. per engine. Mr. Polk is reported as stating that the
2. That the road may hire or discharge any man Gulf Colorado & Santa Fe at present consumes about
without reference to his affiliation or otherwise with a 600 tons of coal per day. About three barrels of oil
union.
are reckoned as equal to one ton of coal, and the oil
3. That no proposition to strike shall be acted upon can be purchased in large quantities for about 30 cents
With oil in use on the Galf Colorado &
until forty- eight hours has elapsed from the time of per barrel.
ordered
is
it
shall
not
strike
Fe,
it
is thought it will be only a short time
and
that
if
a
Santa
notification,
1.
strike
before it is subtituted for coal as fuel for locomotives
take eSect until six days.
We prefer to describe such an outcome of the strug- oa the whole Atchison system. The dispatch adds
gle, not as a simple victory for the company, but as a that the Southern Pacific and the Gould lines in
Texas are also considering the matter of equipping
triumph of good order and common sense.
We think the sequel at Albany augurs well for the their engines with oil burners, and that many large
outcome in the still-continuing machinists' trouble. manufactories in Texas are already using the oil sucPart of the employers have already granted the men's cessfully as fuel.
The foregoing is suggestive, but gives only a hint of
demand of full pay for reduced time. In our belief
the remaining contests will be settled according to the benefits that may be expected if permanently
the legitimate situation of the trade. It is not too cheap supplies of fuel can be counted on in Texas and
Just what the saving to the Atchison
early, however, to warn both workmen and employers in California.
that the movement to shorten hours of work beyond will be from such a substitution as here indicated it
Eng- is difficult to compute from the available data at hand.
an already reasonable term is perilous.
lish commercial critics are well aware that the The average cost of coal on the whole Atchison system
May
THE CHRONICLE.
25, 1901.J
has not ruled exceptionally high. This is due to the
fact that the system extends half way across the Continent, from Chicago to the Pacific Ocean, and at its
Eastern end is in position to get coal at fairly cheap
rates, besides which the Atchison has some coal
points
on its lines.
The average
mines
at
fiscal
year is reported at $1 68
late
for the
this
figure
is not altogether reliable,
per ton, but
as the company in that year had already begun to
use oil on its lines in Southern California, and the
oil is included in the coal at its estimated equivalent
in the latter.
The same remark applies to the
quantity of coal consumed, which for the same year is
given as 1,800,247 tons; this also includes oil reduced to an equivalent in coal.
The Atchison, by reason of having experimented
with oil on its Southern California lines, has exceptional facilities for testing and introducing the
Texas oil on its Texas lines. The last Atchison report devoted a couple of paragraphs to the subject of
the California oil discoveries in their relation to fuel
consumption and fuel cost, saying that on the lines
where coal is used for fuel there had been in the year
in question an increase in cost owing to advancing
prices.
The use of fuel oil on the Southern California line, it was averred, had continued to give satisfactory results.
The Southern California Company,
it was announced, had acquired oil lands near Fnl-
1011
Coal consumed.
Latest fiscal year.
Tons.
Southern Pacific Co
Atchison Topeka & Santa Fe
1,629,459
*1,800,247
MlsHoiul Paclflo
Union
1,194,177
1,079,780
1,942,242
976,571
Pacific
Chicago & North Western
Lake Shore & Michigan Southern
'
Includes
oil
rednced to
its
Oosl
per ton.
$4 03
*l 68
l
45
l 48
1 62
138
estimated equivalent In coal.
It will be observed that the coal bought by the
Southern Pacific in the late year averaged $4 03 per
ton, and that this is from two to three times what the
other roads in the statement had to pay for their
supply of coal. Doubtless the oil equivalent of a ton
of coal would not cost more than $1 00 per ton, thus
saving $3 00 per ton. As practically the whole of the
eight thousand miles of road in the Southern Pacific
system lies in California and in Texas, and the territory adjoining or between the two States, the complete substitution eventually of oil for coal would
seem among the attainable objects in the future.
The $3 00 a ton saved applied to the whole of the
1,629,459 tons of coal consumed in the late year, would
mean an aggregate reduction in the item of fuel of
close on to five million dollars
$4,888,377 or sufficient to pay five per cent on a capital of one hundred
million dollars.
Of course the saving would come
only gradually, as the change would necessarily be
made by degrees. The calculation given, however,
shows some of the possibilities in store provided nothlerton, where it had several wells in successful operaing occurs to interrupt the flow of oil or prevent its use
tion and had built a spur of four miles to reach the
in the way indicated.
oil fields.
Other oil fields had been developed in the
But whether the saving in any given case be large
vicinity of Bakersfield and Fresno, and all locoor small, some saving is certain.
A lower cost will
motives on the San Francisco & San Joaquin Val- make possible a lowering of freight rates, which in
ley Eailway
were then being converted into oil that part of the country still rule much higher than
burners. The Santa Fe Pacific engines running be- elsewhere.
These lower rates, joined to cheaper fuel,
tween Mojave and Needles have also been changed should lead, as stated at the outset, to the creation
to oil burners, and since the close of 1900 coal has and establishment of many new manufacturing plants,
not been used as a fuel for locomotives upon any of thus promoting industrial development. This industhe Atchison lines in the State of California.
trial development will in turn give increased tonnage
We have no means of estimating what the saving and variety of ^freight to the railroads, and thus the
from the introduction of oil on the California lines favoring elements will act and react upon one another,
will be.
In the case of the Texas lines the dispatch making the promise bright for the railroads and for
furnishes
above
a rough basis for an approximation. all other spheres of activity.
The dispatch says the Gulf Colorado & Santa Fe is
at present consuming 500 tons of coal per day.
This
would
be, roughly, 180,000 tons a year.
If
we estimate
a saving of $1 00 a ton in the oil equivalent of this
tonnage, the aggregate saving on this Texas portion
of the system would be $180,000 per annum.
—
—
IHE EXPORT DUTY ON BRITISH COAL—
THE MANCHESTER COTTON GOODS MARKET*
Manchester, May
15 1901.
The strenuous and rather excited opposition which
was at first offered to the new export duty of a shilThe
ling per ton on coal has now quite subsided.
But the company which will have most to gain
from the introduction and substitution of oil is the
Southern Pacific. Here the cost of coal has been Budget resolution imposing it was passed by the
extraordinarily high by reason of the complete ab- House of Commons on the 6th instant by a majority
sence of coal areas west of the Sierra Nevadas. The of 333 against 227. There can be no doubt that the
annual report of the Southern Pacific Company greater part of the nation approved of the tax, at all
contained special reference to the matter. It stated events as an allowable and fitting mode of contributhat the cost of fuel for locomotives forms a large ting to the public revenue in a time of fiscal emerColliery proprietors, the miners' unions and
factor in the expenses for conducting transportation gency.
upon the company's lines. For the year covered by their representatives in Parliament, backed by many
last
the report the item counted for no less than $6,566,- ship owners, made common cause against the duty,
It constituted 61-94 per cent of the cost of and the threat of the unions to proclaim a general
721.
locomotive service, 29*01 per cent of the total ex strike in all the coal-mining districts of the country
penses for conducting transportation and 1080 per created momentary and rather widespread alarm.
cent of the gross receipts of the rail lines. The best Intelligent people, however, who kep" their heads
way to show at what a disadvantage the Southern cool, looked upon the opposition as nothing more than
compare the a passing tempest, particularly after the Chancellor of
with the averages the Exchequer had readily consented to exempt coal
Pacific has labored in this respect is
average cost per ton to
it
of coal
to
of a few other roads in different parts of the country.
This we have don^e in the following.
shipped in execution of contracts made before the
* Communicated by
our Special Correspondent at Manchester.
THE CHRONICLE.
1012
incident has brought
out some curiously contradictory special pleading.
The coal owners were sure they would have to pay the
The
resolution was introduced.
duty; the miners said it would be taken from their
wages, and the upholders of the duty declared that it
would be paid by the consumer abroad.
The
one which obviously calls for a little
In any new contracts which may be
discrimination.
immediately entered into the shilling per ton will be
question
is
a matter of contest between the seller here and the
buyer abroad, and it will be decided according to the
relative market strength of the bargainers at the moment. But in the long run it will stand in exactly
the same position as any other item in the cost of production and transport. It must be paid by the buyer.
The
only remaining point
is
whether or not
this addi-
tion to the cost will prove sufficient to lessen the effective
demand from abroad by reducing the consumption
tions, it has
[Vol. L.XXI1,
been evident that the name
is
frequently
used without very definite notions as to the doctrine and
practice of free trade.
Sometimes, indeed, though
very rarely, it is held to condemn the imposition of
duties on any kind of commodity. But any one who
has at all carefully studied what its teachers have said
and written will recognize that it puts no such restriction upon the taxing power of the State.
It says to
the State: *'You may tax any commodity you like,
import or export, but you must take care that the
public exchequer gets all the direct and indirect benefit of the tax; no private person must
gain advantage from it." Hence the rule which has
been scrupulously observed by the British Government for more than half a century, that whenever an
import duty is imposed on any commodity, an equivalent excise duty must be imposed on the like commodity or its substitutes produced within the kingdom. Thirty or forty years ago, when a small quantity
of chicory was grown in Lincolnshire, Mr. Gladstone
immediately put an excise duty upon it because it
was used for admixture with coffee, a taxed article.
owing to the competition of foreign
fuel.
The advices we have received from your side of
the Atlantic show that the duty is too small to have
any effect upon American competition, at all events
in the European and probably in other markets, and The essence of Free Trade is that it tolerates no
it is doubtful whether or not it will be of sufficient private privilege, and this condition satisfied, it asks
weight to increase the native supply in Germany or no further question. From this point of view neither
elsewhere on the Continent.
the coal duty nor the sugar duty can be charged with
It seems not unlikely that very soon the duty will an offence against the recognized commercial policy
be practically forgotten. In times of severe compe- of the United Kingdom, although, of course, the wistition it may again be discussed, but there is no sign dom of exacting them may be discussed as a question
of over-supply within any calculable period, although, of practical expediency on other grounds.
as previously stated in this correspondence, several
The Manchester market for cotton goods and yarns
new workings are being opened out in this country, is still largely controlled by considerations affecting
and the potential output will be substantially in- the prices of the raw material, especially of American
creased within the next twelve months.
As yet there cotton. Last week it was pretty generally acknowlhas been very little decline from the highest prices edged that bull and bear accounts had been liquireached in 1900, in so far as household coal is con- dated in Liverpool and New York, and that the
cerned, but a considerable reduction has taken place course of prices was likely to be influenced in the
in certain kinds of fuel used for other purposes. The immediate future mainly by prospects of current suprailway companies, for example, who were compelled ply and demand. For some time past buyers of goods
to give 14s. per ton for locomotive coal in the latter and yarns, as well as spinners and manufacturers,
half of last year, have renewed their contracts within have acted on the assumption that whatever scarcity
the last month at 9s. per ton. Blast furnace coke has there may be before the end of the season, it will not be
fallen even more.
From 29a. or 30s., which was paid so serious as to bring about a squeeze at all comparnine months ago at Middlesborough, the price had able to that which occurred last year. This view is
fallen a few weeks since to ISs., but it has now recov- based
of course upon the
belief that the crop
ered to 15s. per ton.
now coming to market will not be less than
It cannot be denied that one reason for the con- 10,000,000 bales, and that it may reach 10,250,000
siderable popular approval of the coal duty is the bales or more.
As for the estimate of 9,750,000 bales,
very high rates current during the greater part of which has never gained much acceptance on this side,
last year, and since these touched the pockets of it is now entirely abandoned by its chief authority, from
all households as well as those of industrial coal whom a circular has been received to-day stating that
consumers, in all directions, whilst collier owners "until the final corrections based upon the interior
and merchants were making great profits, there town movements are made, on August 31 next, that
is
a disposition to regard the burden as having is during the whole summer, we must expect the crop
been put on shoulders which, on the theory to look like 10:^ million bales or more." It is added
of British coal,
that
producers
do
will
ultimately
bear
it,
are
well
without inconvenience. Unthink
ing people, too, are sometimes inclined to regard
it as a sort of
penalty for the supposed wanton
wickedness of producers in making the country pay
able
to
so
so dearly for
its fuel supply.
Of course, those who
discern that the high prices were nothing more than
the natural result of excessive demand do not share
these views.
In the course of the discussions on both the coal aud
the sugar duties, the name of Free Trade has occasion-
been evoked, and on this and other occasions
when fiscal questions have been considered in this
country, in the press, in Parliament, and in conversa-
ally
that these corrections
may reduce the expected amount
of the crop by 200,000 or 300,000 bales,
instead of
adding 200,000 bales, as was the case last year. In
another passage it is admitted that the 9| million
estimate was founded upon erroneous information as
to the amount of cotton held back in Texas, and that
it can no longer be relied upon.
On the whole the state of business in the Manchester market continues fairly healthy, although there
are well-founded complaints in some directions of the
scantiness of margins, especially of those between the
prices of yarns and those of the goods woven from
them. The conditions and prospects of the India
markets our most important ones continue fairly
—
—
May
THE CHKONICLE.
25, 1901.]
1013
encouraging, and some considerable orders have come leaflet, printed on parchment, calling attention to the liberal
forward thence this week, not alwaji^s, however, at policy of the bank in its dealings with depositors; and
practicable limits.
In other directions, the chief also to the unprecedented growth of the institution since its
South American markets excepted, the prospects con- organization in 1887. The deposits on April 24, 1901, were
$52,272,149, the net surplus and undivided profits $2,143,103,
tinue moderately good for the export trade, and in
the loans .$32,352,330 and the total resources $36,570,249.
the home-trade wholesale houses hopes are entertained
—The New York National Exchange Bank on Tuesday
of a liberal distribution of goods, although no one ex- evening celebrated the semi- centennial
anniversary of its
pects it to be so large as it was last year. There is a organization by a dinner at the Waldorf-Astoria, at which
little falling off in the latest returns of the state of one hundred and fifty of its patrons and leading financial
employment in nearly all manufacturing Industries, men of this city were entertained. The bank was the first
although it is not at all serious, and increased taxa- of the New York State institutions to enter the national system in 1864.
tion, as well as somewhat diminished profits in many
—The Journal of Commerce reports that since the amendbranches of business, are sure to lessen in some dement to the State banking laws, permitting the establishgree the buying power of the population at large.
ment of branch banks by State institutions, became effective,
April 22 1893, six banks in this city have opened branches.
first to take advantage of the new law was the Corn Exchange, which now has eight branches. The Colonial has
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S- The
—The
auction sales of bank stocks this week aggregate
Traneactions in trust company stocks reach a
1,059 shares.
No sales of
were made at the
Stock Exchange. In the •* curb " market bank shares have
been very dull the only sales reported were of National
Bank of Commerce at 425 to 432 and National City Bank at 702.
Shares.
Basks— New TorJe.
Price.
Latt Previoui 8aU.
58 America, Bank of
618ifl-525
May 1901— 526
40 Butchers' & Drovers' B'k, Nat.. 120
May 1901— I1314
4040-4041
2 Olieinical NaUoual Bank
May 1901— 4050
75 Commerce, National Bank of.. 415-417k
May 1901- 450
142 East River National Bank
147%
Nov. 1900— 142ifl
total of 285 shares.
either class
;
35 Fidelity Bank
10 Fourth National Bank
26 Gallatin National Bank
7 Importers'
A Traders'
255
2t>0
Nat. Bk.
SCO Manhattan Co., Bank of the...
2 Market & Fulton Nat. Bank
10 Merchants' National Bank
96 Ninth National Bank
59 Republic, Nat. Bank of the
Trdst Companies—A^.
405-425
591
30914-31OI4
260
195
110
280-290
First public sale
May 1901— 303
May 1900— 400
Apr. 1901— 597
May ISOl— 317
May 1901— 270
May 1901— 200
May 1901— 105
Jan.
1901— 22?
May
May
May
May
1901— 276,
1901- 547;
1901— 315
1901—1405
r.
165 America, Trust Co. of
270-2701^
20 Cent. Realty Bond&Trust Co.. 550
North
American
Trust
50
Co
290
50 Union Trust Co
1400
—
four, the Produce Exchange two and the New Amsterdam,
the Hamilton and the Mechanics'
Traders' one each. The
&
which
most
with branches is in
the upper part of the city west of Madison Avenue. There
are three branch banks between Fifty-ninth and Sixtieth
territory
is
liberally supplied
streets, one established by the Produce Exchange on Madison Avenue and one by the Mechanics' & Traders' two doors
below, while the Plaza Bank, which is controlled by stockholders and directors of the National Park Bank, is on the
corner of Fifth Avenue and Fifty- ninth Street. It is reported
that a new trust company will be located in that vicinity.
—The
increasing business of the Seaboard National Bank
has necessitated the enlargement and re-arrangement of its
banking offices in the Welles Bailding, 18 Broadway. The
entrance to the bank is to be removed from the centre to
the northwest corner of the building and the partitions
which divide the main floor are 'to be taken out, giving the
bank greater floor space. The complete plars for the imYork
provement will soon be made public.
With the contraction in spe«nlation on the New
Stock Exchange the price of memberships has suffered a decline.
The sale of a seat is reported this week at $60,000—
$10,000 less than the price paid two weeks ago. On the other
hand, at Baltimore a seat on the Baltimore Stock Exchange
was sold last Friday for |10,500, over |t,000 higher than the
last preceding sale, mentioned in this column on April 27.
One of the recently sold seats on the New York Stock Exchange
was the property of Frank Work, who joined the Exchange
in 1875. Mr. Work, now over 80 years of age, founded the
firm of Work, Strong & Co., which later became Strong,
Stnrgis & Co. but he retired from active business some years
—The Comptroller of the Currency has declared a dividend of 20 per cent in favor of creditors of the Globe NaBank
making the total dividends thus far
expected that the principal of all claims
will be paid in full and possibly part of the interest. The
collections out of the assessment upon stockholders of ICO
per cent of the capital of $1,000,000 amount to $976,0CO,
which result is almost unparalleled in the history of national
tional
80 per cent.
bank
of Boston,
It is
failures.
—George Q. Williams, President of the Chemical National
Bank; William A. Nash, President of the Corn Exchange
The Fidelity Trust Company of Newark, of which Mr. Bank, and Henry W. Cannon, President of the Chase NaUzal H. McCarter is President, is now almost settled in its tional Bank, have returned from their European vacation,
new home in the Prudential Building. With the exception A. B. Hepburn, Vice-President of the last-named bank,
of the Eafe deposit department, the various other departments sailed for Europe last week.
have all been removed to the permant ofiBces.
The newly- organized Commonwealth Trust Company of
—Mr. Walter Clark, a member of the firm of Messrs. Joseph St. Louis, mention of which has been made in several preM. Shoemaker & Co. of Philadelphia, died in that city on vious issues, opened for business at its temporary ofiBces 312
Tuesday last.
North Broadway last Monday. The President is Mr. Charles
—A stockholders' meeting has been called for July 23 to H. Turrer, also President of the St. Louis & Suburban Railvote on a proposition to increase the capital of the Girard way; Vice-Presidents, L. B. Tebbetts, George O. Carpenter
Trust Company of Philadelphia from $2,000,000 to $2,500,000. and Lawrence B. Pierce; Secretary, J. M. Woods, and AssistThe new stock will be issued at $559 per share of $100. At ant Secretary A. G. Douglass. The company starts with a
that figure the $500,000 additional stock will yield $2,750,000, paid-in capital of $1,000,000, surplus of $1,000,000, and a
which, after deducting the $5CO,CO0 which is' to be added to reserve fund of $150,000.
ago.
—
—
the capital, will leave $2,250,000.
It is the intention to add
amount, with $250,000 transferred from undivided
profits, to the surplus, making that item (which now stands
at $5,000,000) $7,500,009. This will give a combined capital
and surplus of $10,000,OCO. Onfr half of the new stock is to
be offered to present shareholders in the proportion of one
new share for eight of the old, and the other half is to be
sold to outsiders with the view to interesting new parties in
the success of the company. Payment is to be made in five
instalments, as follows
September 3, $150; October 1, $100:
November 1, $100; December 2, $100, and Decembsr 31 1901,
The entire $550 may be paid at once, in which event
$100.
new stock will be issued which will participate in all dividends declared after July 1.
this latter
:
—The Western National Bank has issued an attractive
souvenir in the form of an artistically prepared illuminated
— The
Continental Trust Co. of Baltimore opened its
new building on Baltimore & Calvert streets on
Monday last. In its new home the company makes a departure and opens a department for savings. Deposits will
be received subject to the usual savings bank regulations.
The oflScers are S. Davies Waifield, President; Wm. A. Marburg, Vice-President
Frederick C. Dreyer, Secretary and
Treasurer; and Thomas M. Hulings, Assistant Secretary.
•
offices in its
;
— The new Kansas City private
&
Leavens was
in Chicago.
their
many
last
week
banking firm of Goodlett
column erroneously located
remain in Kansas City among
in this
They are going
to
friends.
—The Central Trust Company of Cleveland was incorporated in Columbus, Ohio, on the 16th inst., with $1,000,000
capital, by parties interested in the Permanent Savings
Loan Company of Cleveland. The intention is to absorb the
&
.
THE OHBONICLE.
1014
business of the latter, thereby converting
it
into a trust
company.
—The
Northern Trust Company of Chicago, in its latest
return, maintains the record of growth which has been the
distinguishing feature of its history during recent years. The
gross deposits, according to this latest statement (which is
exceed 31 million dollars, being, in exact
Last December the amount was only
figures, 121,217,395.
$19,415,013 and the previous July it was only |18,430,413.
"When the comparisons are carried farther back, the contrast
becomes still more striking, as will appear from the follow-
of date
May
14),
ing tabulation.
Gross
Aggregate
—
Deposits.
jRtsources.
Bid.
Northern Trust Surplus (£
Co., Chicago.
14, 1901
Feb. 25, 1901
Doc. 14, 1900
May
Oct
1,
Jiily
2,
Profits.
$1,22!S,428
1900
1900
Apr. 26, 1900
Feb. 13,1900
Dec. 2,1899
Sept 7,1899
June 30, 1899
Dec. 12, 1698
Sept 21, 1898
Jime27, 1898
Apr.
6,1898
Jan. 10,1898
Oct 26, 1'97
Aug. 2, 1897
May 11, 1897
Feb. 13, 1897
Nov. 28, 1896
NoTE.-Capital at
$21,217,395 $23,445,824
22,221,794
20,072,027
1,149,766
21,578,959
1,163,943
19,416,013
20,952,810
1,146,593
18.?06,213
18.420,413
20,516,865
1,096,448
17,101,812
19,187,753
1,085.937
17,247,093
19,285,809
1,038,713
17,424,183
19,313,388
889,202
18,898,024
822,218
17.075,802
18,227,116
835.408
16,391,704
17,593.029
766,637
15,826,390
15,699,050
723,443
13,975,604
745,«11
13,856,623
15,602.438
731,409
14,890,979
16,625,392
15,105,008
724,104
13,380,900
700,':71
12,388,549
14,089,325
12.2.=i9,275
676,932
10,582,339
e82.257
10,027,242
11,709,503
668,310
9.755,067
11,423,381
674,581
8,231,213
9,905,797
Price.
350
350
350
300
300
300
300
350
350
3e0
250
250
2S0
225
225
225
210
210
200
200
—
Ask.
350
350
350
350
[Vol. LXXII.
&
Cashier of the Farmers'
Merchants' Bank, Clifton,
Tex. The topics of the various papers were: "The Storm in
South Texas and Its Effects on the State," by T. J. Groce,
President of the Galveston National Bank, Galveston, Tex.;
"Methods Fatal to Conservative Banking," by A. V. Lane,
Cashier of the National Exchange Bank, Dallas, Tex,
President F. F. Downs, also President of the First National
ler,
Bank of Temple, Tex., delivered the annual address. Galveston was selected for the holding of the meeting next year.
The following is the list of officers for the ensuing year:
President, H. P. Hilliard, Cashier of the Austin National
Bank, Austin, Tex.; First Vice-President, J. E. McAshan,
Cashier of the South Texas National Bank, Houston, Tex.;
Second Vice-President, A. V. Lane; Secretary, J. W. Butler;
Assistant Secretary, Nathan Adam?, Assistant Cashier of the
National Exchange Bank of Dallas, Tex., and Treasurer, H.
C. Davis, Cashier of the Farmers' Bank, Sanger, Tex.
—
The Louisiana Bankers' Association also had its annual
convention on May 14 and 15, meeting at Shreveport, La.
This association was revived last year, when representatives
from thirty banks met in New Orleans. M. L. O. Broussard,
Cashier of the Bank of Abbeville, Abbeville, La,, stated that
the membership of the Association now consists of 69, against
31 last May. Mr. J. W. Bolton, President of the Rapides
Bank, Alexandria, La., delivered the annual address. Papers
"The Banker and His
were read on the following topics
Relation to the Public," by L. M. Tully, Cashier of the Bank
of Plaquemine, Plaquemine, La. " How to Keep Depositors'
:
;
225
225
Accounts," by D. G. Baldwin, Assistant Cashier of the New
Orleans National Bank, New Orleans, La.; "The Bank
all the above dates was $1,000,000.
Clerk," by James T. Hayden, President of the Whitney National
Bank, New Orleans, La. The o'ficers elected are
while
million
dollars,
Thus,
deposits are now nearly 21^^
President,
James T. Hayden, President of the Whitney Nathree years ago, in April 1898, the amount was no more than
of New Orleans; Vice President, Peter Youree,
tional
Bank
114,890,979. In May 1897 the total was less than one-half
of
the Commercial National Bank, Shreveport;
the present amount, being only a little over $10,000,000. In President
Novemher 1896 it was no more than $8,231,213. Aggregate Secretary, L. O. Broussard, Cashier Bank of Abbeville, Abberesources now are $23,445,824, as against only $9,905,797 in ville, La., and Treasurer, J. P. Suberbielle, Cashier State
November 1896. The reader should not fail to noice the way Bank of New Iberia, La. Next year's meeting will also be
in which the bank has enlarged its surplus and undivided held at Shreveport.
profits.
It will be remembered that in our issue of January
—The Genesee Savings & Banking Company of Cleveland,
12 we called attention to the fact that the bank had added Ohio, which has been occupying temporary offices since its
another half million of profits to its surplus fund, raising the organization in 1900, last week formally opened its own new
latter to a round $1,000,000,
The policy of the management three- story building, No. 393 Wade Park Avenue. The inhas been to pay only moderate dividends (the rate being 6 stitution is under the management of J. R. Kraus, President;
per cent) and the total of surplus and undivided profits on E. W. Fisher, A. H. Weed and J. A. Kling, Vice-Presidents,
May 14 1901 stood at $1,228,428, as against no more than and Paul D, Jcnes, Secretary and Treasurer.
1674,581 in November 1896. The surplus hence considerably
The Capital City Bank of Montgomery, Ala., will hereexceeds the amount of the capital, which is $1,000,000. Qaite
after
be known as the Fourth National Bank of Montgomery,
naturally there has been a great appreciation in the market
application
the
to that effect made to the Comptroller of the
value of the shares, for which 350 is now bid, as against only
of
250 at the beginning of 1899 and but 200 in 1897. The execu- Currency having been approved. We noted in the issue
the
tive management consists of Byron L. Smith, President; F. the 11th inst. that this question was to be considered by
admeeting
would
also
the
stockholders
at
a
on
the
14th,
as
L. Hankey, Vice President; George F. Orde, Cashier; Thomas
of
reducing
the
capital
from
to
$100,000.
visability
$150,000
C. King, Assistant Cashier; Arthur Heurtley, Secretary, and
Both propositions met witn the stockholders' approval. The
H. O. Edmonds, Assistant Secretary.
Capital City Bank was originally the Capital City Insurance
A number of Pittsburg and Allegheny business men are Company. The insurance company was organized in 1871,
interested in the organization of a trust company in McKees
and the change to a banking institution was made not so
Rocks, Pa., the first institution of its kind in that borough.
very long ago. Mr. William Berney is the President, W. D.
Offices have been eecured on Char tiers Avenue.
The comBrown Vice-President and W. H. Hubbard Cashier.
pany, which takes its name from that Avtnue, being known
- Mr. George F. Clewell, Assistant Cashier of the Bank of
as the Chartiers Trust Company, will have a capital of
$200,000 and a surplus of $100,000. Among the promoters of Commerce National Association of Cleveland, has been made
the enterprise are T. H. Given, President of the Farmers' Secretary and Treasurer of the Federal Trust Company of
Deposit National Bank, Pittsburg; M. K. McMullin, of the Cleveland. This latter, it wil be remembered, is a consolidaT. K. McMullen Bank, Pittsburg; ex-Judge James H. Reed, tion of the People's Trust Company and Federal Trust Comdirector of the United States Steel Corporation; Charles F. pany of Cleveland, the union of the two being decided upon
before the formation of either had been completed.
Kiefer, P. J. McKinney, R. H. Boggs, Henry Buhl Jr., R. C
:
,
—
—
Johnston, O. A. Buettner,
Henry Phipps.
W.
F. Schoen, F. N. Holfstat
and
—The seventeenth annual
convention of the Texas BankAssociation, held at Houston, Tex,, May 14 and 15, was a
very successful gathering. The report of the Secretary, Mr.
ers'
—Notices have been sent to successful applicants
for stock
of
Prudential
companies
Trust
and
Prudential
Savings
the
of
Cleveland, Ohio, calling for payment in fall on Monday
June
3.
The companies,
to
which reference has been made
on
several times in these columns, will be ready for business
Bank of Forney, Tex., June 5 in their temporary offices, 277 Erie Street.
showed that the membership now stands at 291, being an inThe stock of the Lake Shore Banking & Savings Comcrease for the year of 32. Qaite a number of instructive pany of Cleveland, Ohio, will be increased to $300,000, the
G.
W.
Voiers, Cashier of the National
—
addresses were delivered, and, taken in connection with the
was altogether a very enjoyable
one. Treasurer Ewing Norwood, Cashier of the First National Bank of Navasota, Tex., submitted his report.
The
report of the Special Committee was read by Mr. J. W. Butsocial features, the affair
shareholders having voted to this effect at a recent meeting.
This will be an addition of $100,000. The new stock will be
sold at $140 a share. Mr. John M. Gundry is President and
Treasurer; Harley B. Gibbs is Vice-President, and J. H. Jones
is Secretary and Cashier.
May
THE CHKONICLE.
25, 1901.J
—The
thirteenth annnal convention of the Michigan
Bankers' Association will be held on June 11 and 12 at
•Grand Rapids. Among other prominent speakers on this
occasion will be Mr. S. R. Flynn, President of the Second
National Bank of St. Paul, 7 Minn. Some social features
have also been planned for the entertainment of the bankers.
— Wheeling was the particular
point of interest to West
Virginia bankers last week, that being the place at which the
annual meeting of the State Bankers' Association was held.
The address of welcome was delivered by Mr. Henry M.
&
Trust Company
Russell, President of the Wheeling Title
of Wheeling, W. Va. Among other speakers were Hon. M.
A. Kendall, State Banking Commissioner of West Virginia;
1015
over one hundred per cent. Aggregate resources
now foot up 113,404,248, as against $7,377,947 in April 1900
and $8,965,390 in October 1898. The most noteworthy feature
of all, however, is the steady growth in the amount of surplus and profits, showing that the institution's business is not
only expanding, but that it is yielding an increasing profit.
During the last three months the addition to profits has been
no less than $102,0^6, and the total of surplus now is In excess
On Octoof the capital of the company, being $1,042,947.
ber 31 1893 the amount was only $645,890. The officials of
the institution are N. W. Jordan, President; E. A. Coffin,
Treasurer; C. H. Bowen, Secretary, and G. W. Auryansen,
increafie of
Assistant Secretary.
— The Bankers' National Bank of Cleveland, a new instituJames H. Willock, President of the Second National Bank of
tion
to which reference has previously been made in these
Pittsburg and President Pennsylvania Banker&' Association;
R. Shriver, President of the First National Bank of Cumber- columns, opened its doors for business on Wednesday of last
land, Md., and President Maryland Bankers' Association; week in its handsome new quarters in the Hillenden H^tel.
The
J. L. Vance, President Ohio Valley Improvement Associa- The deposits for the first day amounted to §325,000.
The ofificers who will serve for the ensuing year capital of the bank is $500,000 and its surplus $100,030, both
tion.
are: Preeident, J. T. Carskadon, Cashier of the Keyset fully paid in. The offi.;er8 are Luther Allen, President;
Bank, Kayser, W. Va Vice-Prefcidenta, O. C. Crane, Cashier Charles W. Smick and F. W. Gahring, Vice Presidents'"
of Terra Alta Bank, Terra Alta, W. Va.; George W. Eck- Joseph R. Kraus, Cashier.
;
hart
Jr.,
Cashier of
People's
John L. Dickinson, Cashier
W. Va.;
Valley Bank,
Bank, Wheeling,
of
Kanawha
S00U
%oticts.
Charhslon, W. Va.; Edward Nelly, Cashier of Wood Ctunty
Mann,
Cashier Bank
Bank, Parkersburg, W. Va., and Isaac T.
The Nineteenth Centory; a Review of Progress during
of Bramwell, Bramwell, W. Va., and Secretary and Treas
the past hundred years in the Chief Departments of Human
urer, Robert L. Archer, Assistant Cashier of the First NaActivity. New Tork: G. P. Putnam's Sons, 19 Jl. Pp. 494,
tional Bank of Huntington, W. Va. The meeting next year
8vo. Price $2.
will be held at Charleston.
This
— The First National Bank of
Cincinnati enjoys a unique
record. The bank was organized in 1863, and since that time
it has never passed a dividend but has divided regularly
among its shareholders never lets than 12 per cent per annuijj,
with a capital of $1,000,000 and over. At the same time the
institution has been accumulating a very considerable sur-
and undivided profits in the last
return to the Comptroller of the Carrency, under date of
April 24 1901, being reported as $531,464— this on a capital of
$1,200,000. L. B. Harrison is President; Joseph Rawson, Viceplus, the total of surplus
President, and
W.
S.
Rowe, Cashier.
—The
stockholders of the Trust Company of North America, of Philadelphia, will hold a special meeting on June 5, at
which consideration will be given to a proposed amendment
of the by-laws increasing the number of directors to 24. Up
to February 1900 there were but 15 members on the board;
the by-laws were then amended so as to provide for 21, which
has been the number since then up to the present time.
— Mr.
J.
—The
Bank of Chicago has asked all of
employes to have their photographs taken at the expense
of the bank, and one copy left on file with the institution.
First National
its
—Daring the last three months the American Loan & Trust
Company of Boston has made a very noteworthy addition to
We
have been favored with a copy of the company's statement for the first of May, and comparing this
with the figures in the return for the first of last February,
it is seen that gross deposits now stand at $11,361,300, as
against |7,126,970 on February 1. The following table shows
its business.
a number of leading items in the company's statement at
various dates during the last two and a-half years.
Surplus
Aaiur.
Loan
&
Trust, Boston.
May
Feb.
Oct
July
Apr.
Oct.
Apr.
Oct.
<e
Capital.
Profits.
$
$
Gross
Deposits.
$
Aggregate ^Price.-^
Resources. Bid. Ask.
$
1,1901. .1,000,000 1,042,947 11,361.300 13,404,248 162
1.1901. .1,000,000
940,321 7,126,970 9,067.292 162
31,1900 1,000,000 895,291 6.381,169 8,276,461 150
0, 1 900 1 ,000,C00
853,177 6,165,638 8,018,816 160
7,1900.. 1.000,000
815,467 5,562,480 7,377,947 ISO
31, 1899.. 1,000.000
740,936 7,538,403 9,279,340 II6I4
29.1899.-1,000,000
716,754 9,852,475 11,509,229 135
31,1893.-1.000,000
646,890 7,819,499 8,965,390 I2514
:•
. .
170
170
....
lUO
140
....
....
noticed that the figures in the latest return for
the different items are decidedly the largest of any in the
period covered by the table. Last j'ear (that is, in April
1900,) the amounts temporarily dropped to low figures, the
deposits then standing at only $5,562,480. As contrasted
with that total the present amount at $11,361,800 shows an
It will bc>
all
a compilation of 37 papers by as
many
writers
It is inter-
and suggestive, but reviewing it must regretfully
conform to the hint given in the opening sentence of the
preface— that to tell the whole story of the nineteenth century would consume all the time of the twentieth, and the
world could not contain the books that should be written.
It is also quite true, as may be noted in passing, that the
tendency, from the fact that we who now comment upon
the past century are so near it as to have been a part of it, is
to temper praise and shade blame accordingly. We cannot
and dare not speak disparagingly of it, as others have formerly done of the past— for example, Cowper, writing in
1780 of ''the mouldy opinions of thejpast"— nor do we dare
unduly idealize it, beecause to study its accomplishments
leaves us in mute wonder as to what marvels it has still left
esting
unaccomplished.
Limiting the view, for the moment, to accomplishments in
our own country, there seems an appropriateness in placing
at the beginning of these papers one relating to the Constitution, since the political scheme of the country may be taken
as the clean field upon which the century's work has been
McLean, formerly Assistant Cashier of the
Bank of East St. Louis, and who had been
Acting Cashier since the resignation of J. M. Woods, was
done.
this week regularly elected to the position of Cashier.
J.
First National
is
selected as specialists or as especially competent.
marvel mentioned is the unexampled
in framing the document.
Against months now consumed, with all help of njodem
facilities, in putting a few patches on State constitutions, we
must note that the first and greatest was constructed in 85
working days, absolutely without precedent to guide, almost
without even a mail communication, without helps, and
even without clerical assistance. It may perhaps encourage
us in the long struggle to found our money system upDn the
solid truth to note that at one end of the line of financial trouble
then was Rhode Island, fierce to try to strengthen fiat paper
by imprisoning anj' citizen who dared require for his goods
a higher price in that than in coin, while at the other end
New York had to give up to the whole her Custom House as
her contribution to "a more perfect union," and Virginia
similarly must cede a vast territory. Franklin proposed a
single legislative branch; Hamilton proposed a life tenure for
President and Senators; Madison proposed lodging a veto
power with the Supreme Court. Propositions were first put
in abstract form, and it was not until after four weeks that
the process of reducing to the concrete was ready to begin, a
ten-day recess being taken to enable the committee 'to prepare and publish the Constitution." The title of the paper
is " The Immutability of the Constitution," and the writer
(Chas. C. Nott) considers that from the framers' point of
view there has been only one change thus far, for the amendments, he thinks, are scarcely more than quotations from
The very
first
brevity of the time
consumed
the Bill of Rights. The one exception is In amendment 12^
relating to the mode of choosing the President. The pend-
THE CHRONICLE.
1016
ing popnlar amendment for direct choice of Senators he considers needless, for if the people really want snch a change
they have simply to instruct delegates to State conventions to
name the desired candidate, and the legislatures will obey.
This will be an easier method than to put an amendment
through.
Just now the prospective expansion of Russia gives inter
est to the paper which sums up her expansion ia the past
century. At its beginning she was far the largest State on
the globe. Compact at first, she has remained so, never
having adopted anything like the policy of scattered colonial
possessions; an evidence of this is that in 1867 she sold out
to this country all she had in America. Her first great
acquisition was Finland, an overhanging portion of Sweden,
Petersburg close to its edge made
sooner or later almost inevitable. Contiguity
and the position
of St.
conquest of it
explains her acquisition of Polish territory; similarly, acquisition to the south and to the east has followed the idea
of compactness, which gives her invulnerability and has
caused her movement to be likened to that of a glacier. The
necessity of getting a Siberian outlet to the east and of
a port not subject to climatic stoppage has led to the now
menacing condition in the Orient. Still (sums up the writer)
Russia's increase of territory in the century is less than that
of Great Britain, France or the United States, and hardly
exceeds the area of the colonies acquired by Germany alone
in the last fifteen years; a generation ago the Russian
Empire was twice as large as that of Great Britain, but now
it is more than thirty per cent smaller than the British.
neighbor of ours, Mexico, should have at least a sentence
of remark. The writer of the paper about her sums up by
saying that she must not be omitted from the roll of signifi
cant nations, for she does count already and will count still
more. She has mastered anarchy, and even free silver, and
is successfully practicing a prime American motto, •' Mind
your own business." It is as a young nation (he affirms)
with muscles still growing] that we should think of new
Old Mexico.
Not unlike this is the view Mr. W. E.
Griffis takes of our new sister, Japan.
Chinese Asia's old
dominant note of individual impersonality is gone; impermanence is no longer the law of th« world and unconscious
ness no longer the goal of life. Japan has given up her
ridiculous mystery-play of a sedentary Son of Heaven behind screens, has made him appear in public, has lopped oS.
her enormous hereditary pension list, has thrown open
everything to ability and merit, and has become a power.
China is tardy, but, as we all now believe, has a new destiny to fulfil.
The century will remain memorable for having made the
gold standard world-wide. Anciently silver and gold were
together; the Middle Ages, from the seventh to the thirteenth centuries, had silver; the double standard then came
back and prevailed until the nineteenth. The only important silver countries now are China and Mexico, the latter
being double-standard in law and silver in practice. The
century has seen the greatest gold output ever known, and is
marked by the extraordinary discoveries in California near
the middle and those in the Transvaal and Alaska near the
end. The output in the second half was nine times that of
the first.
To write of the development of steel production (says Mr.
Andrew Carnegie) is indeed to begin at the beginning, for
in 1786 the Pennsylvania Legislature lent a Mr. Humphreys
£300 to enable him to try to make bar iron into steel " as
good as in Eogland." Iq 1813 the total steel product of the
country was 917 tons; of this Pennnsylvania furnished over
half and she still keeps about that percentage. In 1850 the
total product was only 6,000 tons. In 1864: the Bessemer
process came in, and the price, hitherto six or seven cents a
pound for ordinary grades, has since fallen, on large lots, as
low as $15 a ton; into each pound (sold for a third of a cent)
there enter d}£ pounds of raw material, plus transportation
and other labor. The age of Bessemer has given place to
that of the open hearth, which has been made economical by
American genius; its output already far exceeds that
of Bessemer in England and will soon do so here, for the
change has brought the South into prominence as a steelproducing section, the ores of the South being unsuited to
the Bessemer process but adaptable to the open hearth. One
instance of many is that while three years ago not a ton Of
steel went into the construction of railway freight cars; a
A
[Vol. LXXII.
now used for that .alone. "The
cheapest steel means the cheapest ships, the cheapest machinery, the cheapest thousand-and-one articles of which
steel is the base." Twenty-seven years ago Great Britain
produced over three times as much steel as this country;
now this country surpasses her by over two to one and is
furnishing nearly forty per cent of the world's output. Outside of these two nations and Germany there is little steelmaking and little prospect of it. Hopes as to China and
Japan, Mr. Carnegie thinks, will prove delusive, also that
the increasing wants of the world must be met by this coun"
try, the other two being capable of little advance in product*
The new century, he also thinks, cannot get materially beyond the present development of the open-hearth process as
a mode of steel-making.
Papers under the heads of literature and the arts, education and science, applied science, transportation and war, we
are compelled to pass entirely by, as well as some under the
heads of history, 'sociology and government.
thousand tons a day are
Newfoundland in 1900. A Treatise on 'the Geography,
Natural Resources and History of the Island, embracing an
Account of -.recent and present large Material Movements.
Finely illustrated. 188 pp. New York The South Publishing Co., St. Johns, N. F.; S. E. Garland.
:
The
special interest
and occasion of
this little
volume
lie
new meaning to the ancient title of the island,
declares to be now really a ''new- found land." The
in its giving a
which
it
been nearly complete for four
conditions of existence there having been most
isolation of the island has
centuries, all
Until quite a recent date it lacked agriculture,
manufactures, roads, and even ordinary conveniences. The
reason is that it has been only a fishing station, John Cabot
discovered it in 1497, thus reaching the continent Columbus
had missed only five years before, and in 1583 Sir Humphrey
Gilbert raised the flag of England and planted her first
colony there. In the fisheries there Britannia first learned
how to rule the waves. Fishermen at first came over in the
spring and returned to England before winter. The desire
for monopoly induced England, somewhere about 1630, to
enact laws continuing this practice, and forbidding any settlement on the island. Inclosing or cultivating the smallest
bit of ground was made a penal offense; no house could be
built or repaired without a license, and as late as 1799 the
Governor ordered houses pulled down in St. Johns because
unlicensed; but from that date repeal of these laws began,
the restriction on inclosing ground being removed in 1820.
Progress then became possible. Geological surveys in 1864
showed large natural resources and caused opening of the
In 1866 the Atlantic cable came. In
first copper mine.
1834 the first piece of rail, 83 miles, was opened from St..
Johns to Harbor Grace; in 1898 the line across the island, 548
miles, was opened. It was built by a Canadian contractor,,
whose compensation was in part a land grant, and a peculiar
feature is that he also operates the road under a fifty-year
primitive.
contract.
The island is nearly equal in area to the State of New
York. Its coast is rock- bound and rugged, cleft with many
deep bays which are fringed with forests and studded with
islands; these great fiords have founded its claim to be
called the
Norway
of the
Western world.
Its outer interior
without great elevations; its inner interior is an
elevated and undulating plateau traversed by low hills and
with many woods and lakes. It is not a cold country in the
American sense. Winter runs from the first of December
to the middle of April; the Arctic current makes the spring
The
late, but vegetation moves rapidly after once starting.
temperature rarely goes below zero, and only occasionally aa
high as 80 degrees. The western coast has an earlier vegetation and a finer climate than the eastern; on that side fogs
are almost unknown, and snow usually does not permanently
cover the ground before Christmas.
The fisheries, in which the cod ranks first, are the staple
industry, only 12,000 of the total 210,000 population on the
island being otherwise engaged. By treaty concessions first
made in 1713 the French have fishing rights along more than
half the shore and the right of use on that portion of the
land as may be necessary for curing and drying the fish the
islands of St. Pierre and Miquelon were also ceded as a fishermen's shelter, the only condition being that fortifications
must not be erected and the fishermen may not winter on
is hills
;
May
THE CHRONICLE.
25, 1901.]
Newfoundland.
The disagreementa natura'Uy following are now, involving another three or four
France contends that her right to the fisheries and the use of the shore is exclusive, which would obviously shut everybody from any use of the 450 miles of coast
except by fishermen for a single purpose and during a few
months in the year; on the other hand, England contends
that she may settle on the treaty shore and may also fish concurrently up to the point of interfering with French fishermen, and in fact 11,000 fishermen who are British subjects are now settled on the shore. The colonists believe
this situation is a hindrance, and that extinction of the
French claims in some manner is a condition to development.
Much is expected from the railroad. Connecting with
Nova Scotia by good steamship route of 98 miles, covered in
six hours and not broken in winter, it has mail communication tri-weekly instead of fortnightly as formerly, and forms
the natural travel line from the mainland. The opening up
of the island to tourist travel as well as commercially is
For fishing and
confidently expected to follow largely.
other sports, as well as for scenery and as a health resort,
Newfoundland thus considers herself to have been discovered.
This little volume, though bearing a publisher's imprint,
comes with the compliments of the island government, and
is intended to serve both as an introduction and a hand book.
Newfoundland evidently has good claims to consideration as
a sanitarium and a pleasure-ground; and just beyond it,
across only a narrow strait, is Labrador, where climate is
really rigorous and snow lies from September to June. Hither
have been coming tourists and artists in search of icebergs
and other picturesque features; also sportsmen and anglers,
and even some invalids.
In winter "thirty below," the
rarity here in the States, is common, but the air is dry and
said to be bracing; the summer in the interior is claimed to
be delightful. When direct and improved travel service
from St. Johns is established, this small stream of visitors is
still
unsettled.
expected to increase.
pl^netarg g ^ortivxtvci^V^nQlishMttioi
[From oar own oorresponaent.]
London, Saturday, May
The break
in
Wall
11, 1901.
Street overshadows everything else in
the Stock Exchange. Outside of the American department
there is exceedingly little doing; and the possible consequences of the great fall in prices is being eagerly canvassed
everywhere.
The general impression is that this market
•will
suffer very
1017
little.
There had been a certain amount of
speculation no doubt by members of the Stock Exchange and
professional operators; but the rise in prices since the elections has been so rapid and so marvelously great that of late
most people here have become apprehensive, and most, therefore, closed their accounts.
The general impression consequently is that very few diffollow, and that what speculation there has
during
been
the last week or so has chiefly been on the
ficulties will
millions sterling annually for interest and sinking fund, people ask where is the
money to come from and what will be the consequences to
China? Since she cannot well sell enough even now to pay
for her imports and for the interest on her debt, if the Customs duties are double, must not the falling off in trade be
greater than ever ?
Meantime, general business in this country continues very
prosperous. Indeed, the Clearing House returns are larger
for the year, so far as it has gone,
than ever before in our
Board of Trade r-^turns are not equally satisAccording to those for April the value of the imports was £46,392,892, beiog an increase of £3,711,016, or
about 8'6 per cent. The value of the exports of British and
Irish produce and manufactures was £31,937,033, a decrease
of £658,114, equal to about 2 9 per cent.
Upon the Continent trade is dull everywhere. Especially
there are loud complaints of a distinct falling off in Germany; and the crisis in Russia is not growing better. In
France money is so abundant that the Bank of France is
trying to force gold into circulation, having more of the
metal than it cares to keep; and the other banks are so
plentifully supplied that they do not find it easy to employ
Therefore it has caused
their surplus balances profitably.
no surprise that during M. Delcasse's visit to St. Petersburg
a new Russian loan was arranged for. It is generally expected in Paris that the loan will be brought out either next
week or the week after, that it will be issued by the Messrs.
Rothschild in Paris, and that all the great banks will cooperate. The interest is expected to be 4 per cent, and the
price of issue about 98; but nothing definite is known on
this point.
It is also thought possible that the loan will be
offered in London, Berlin and Amsterdam; but nobody
doubts that it will be chiefly taken in France. It is said
history; but the
factory.
that the
amount
will be 425 million francs, or 17 millions
sterling.
of England has again made no change in its rate
and the general expectation is that it will not do
so.
Money continues in good demand and the great French
banks who sn employing such vast sums here at present
have this week renewed the bills that were falling doe for
another three months. In some few cases they sold three
months' bills in order to buy six months' bills, the impression
The Bank
of discount,
being that a distinct rise in the value of money will occur in
August, and that in September and October money will be
both scarce and dear.
As far as can be judged at present, the French banks will
not withdraw gold from London, even though the Russian
loan is imminent. The grounds for the belief are that there
is plenty of money in France to accommodate Russia without meddling with the funds which are employed in London, and that furthermore Russia does not need gold. She
requires a loan, partly because of her heavy expenditure in
the Far East and partly to enable her to place orders with
the manufacturers in Russia, who are in so crippled a state
tbat they complain they will be unable to continue to give
employment to their work-people if the Government does
not supply them with orders; but gold is not needed for
making payments at home and for making remittances to
the Far East. Gold will be much more convenient in London than anywhere else, as the remittances can be made from
London more cheaply and expeditiously. Besides, to meet
the interest on the Rnssian debt large balances have always
to be kept in Loudon, Paris and Berlin. The general impression, then, is that Russia will not need gold and ttiat
France can accommodate Russia without drawing upon the
funds phe is emploj'ing elsewhere.
The India Council continues to sell its drafts well. It offered for tender on Wednesday 60 lacs and the applications
amounted to 310 lacs. The whole amount offered for tender
was sold at about Is. 3 15 16 J. per rupee.
The following return shows the position of the Bank of
£ngland,the Bank rate of discount, the prioe of consols, &o.
"bear" tack; bat it will be impossible to judge how far the
impression is correct until Monday making-up day, as it is
called, the first day of the settlement in general securities,
including Americans. The first day in the mining settlement was yesterday. In all other departments business has
been very quiet, and is probably likely to remain quiet for
i»oo.
1899.
1901.
189S.
some time yet.
Afay 10
May U.
MayH
Mai, 9.
X
S
That the war in South Africa is very nearly at an end -ttronlaUOn
27.6J8.616
i7,7iS,2O0
89.755.630
29.729,355
PnbHo deposits
ll,3vS9,6:0
7.S8S.116
11,403,473
7,603.t07
through the sheer exhaustion of the Boers is evident but .>ther deposits
4S.51r5.141
41,719,230
37,791.803
89 71t<,a81
:MTerimient secarttles
X*,5iw.87is
l.S,37;!.l«5
13.157,963
13,758,200
still the expenditure goes on upon a very great scale, and
Other securities
28,i l-,587
34.18J.5ril
3«.23".0C4
36,776,268
a«8erve of uotes and ooln
iy.*74,486
2-<,S12.787
20.343.668
there is no present prospect of an early settlement in China. :oln 4 bullion. both departm'ts )i8.6l9,8C3
80,3>i~,(,8J
S4 5''9 4l2
38,821.186
35.474.158
Prop, reserre to liabilities.. P.O.
7-10
49
89^
4SM
41V<
The demands of the Powers for heavy indemnities do not Bank rate
4
3
4
percent.
4
3-16
11C«
.Consols.
111
100
per
g4S-'6
cent
2M
meet with much favor in this country. People, indeed, dllyer
26 l-16d.
zi 7-18a
n^a
ilH<i
learins-Uonse retnroi
182,lS4,uO0 lS4.3u6.000 156.409.000 160.6^.000
grumble much because our own Government and the GovThe Bank rate of discount and open market rates at the
ernment of the United States have not resolurely resisted
those demands. The real interests both of the United King- chief Continental cities have been as follows:
lnteTe$t aiiowMl
dom and the United States in China are commercial; and
Open Marktt Ratet.
for dtpo<i(< bv
everybody here who knows China is convinced that heavy London.
Joint Dis-f H-i.
IrcKie BUI*.
Sank BUU.
indemnities will have a most prejudicial effect upon Chinese
Stock At
3 Month*. 4 Month*. 6 Month*. 3 Mo*. 4 Mo*. Bank* CaU Dav$
trade. Even before the diflaculties in China began, there was
S
4
**03 11-ie 39^@3 11-16 «»3 11-16
9H
a trade balance against China. Since then the balance has April 19
"
8
80 4
3^
8«®3H
increased considerably, while China has to pay over three
"
4
87
SHaS 9-10 SM®3 9-16 SH(»3 9-16
millions sterling annually in interest and sinking fund on Mar 4
SM
8 7-lf®J«
3 7-16ia3H 3 7-lrtaSH
SM
"
4
4
11
8H
3V
her debt. If 60 or 70 millions sterling are exacted from her
—
;
i
H
THE CHRON£CLF.
1018
The rates
money have been
for
Mav
Itatetoi
Interest at
Mat,
TO.
Bank
Open
Bank
Rate.
Marker
Rate.
Pans
Hambure
3
4
4
Fraiiktort
4
Amsterdam
SH
s«
Berlin
Brussels
.
..
Bank
Open
Bank
Rate.
Market
Rate.
3
3
4
4
3
4
4
3
4
SH
SH
3^
3hi
3^
3H
5«
3^
6
9
nom.
5
Open
Market
London.
4
nom.
dUver, per ounce
3«
4
nom.
3H
3H
3H
5
6
5
6
d.
Anaconda Mining
Baltimore <& Ohio
Preferred
Canadian Paoiflc
Chesapeake
Ohio
fi
Abeli write as follows under date of
9:
Gold— The arrivals of gold have been
the Bank of England has received *184,000,
Inconsiderable this weefe,
and
ot whica £69,000 is in
bars. £22,000 has been withdrawn for Malta and it2.'>,000 for
Brazil. There has been a small demand for India and the Continent
For the week— Arrivals River Plate, £20,0( 0. For month of AprilArrivals: Germany, £73,000; Belgium. £32,000; France, £75,000
East Indies, £1,229,000. Shipments: Germany, £100,000; France,
:
;
&
Do
.
Erie,
common
Ist preferred
:
for bullion are reported as follows:
nitnois Central
Louisville & Nashville
Mexican Central
Mexican National
M.O. Kan. A, Tex., com.
Preferred
Y. Cent'l & Hudson..
». Y. Ontario & West'n
Norfolk & Western
Do
do
pref,
Pennsylvania^
*Phila. & Read
'Phila. & Read..l8t pref
'Phila. <fe Read., 2d pref.
ioathern Pacino
Railway, com.
.south'n
Preferred
Jnion Pacific
Preferred
U. 8. Steel Corp., com..
Do
do
iref..
Vabash
May
London Standard.
9.
8.
Bar gold,
ttne
oz
gold coin...oz.
Qerm'n gold ooin.oz.
French gold ooin.oz.
U.
8.
Japanese yen
*
May
oz.
77
76
76
76
78
Silver.
London Standard.
2.
d.
9J4 TJ
4
5
5
4
May May
9
2
d
d.
d.
B.
Bar silver,
fine. . oz 21
2 mo. delivery 27%
Bar silver, contain'g
934
76
76
76
76
do 5
do 4
do 3
grs. gold.oz.
grs. gold.oz.
grs. gold.oz.
oz.
Cake silver
Mexican dollars. oz.
5
4
107
O
O
Do
Do
preferred
Del).
lOB
49i«
211*
166'«
48 14
9f>H
Ui
o
fa
37%
68%
37«8
68
51I4
21I4
164*4
22 14
166
1041a
9514
1051a
491a
2214
I6412
46
46%
47
95ifl
105
49 14
94I3
386b
t9
54I4
9.S34
106
ifl
5014
94I4
4218
7038
56%
105%
1051a
2558
1138
29»a
25
26
12
105
26ie
59
156i«
33%
52%
llifl
28I4
58i«
154
3314
5214
fcOifl
157
102>«
75
2OI4
I
Q
(^
en
26I2
O
O
50
31
85
a
"B"
581a
154
3338
51i«
90>a
159
102 a
74
38 ^
26%
3tia
2668
48
48%
81I4
93ifl
27%
74lfl
20ifl
30«fl
HI
tq
157
101
103
92I9
10
7718
100
1031a
I42>a
H
o
164
47
93
100
107
142
>>
O
2118
9%
7878
143
o
fA
49%
91a
143
106 »«
fa
«
<
Sg
kO%
IIM
28I4
681a
355
33%
52 14
9013
162
102 •«
74
21%
38%
27 14
49
sola
8414
10638
911a
301a
841a
1051a
45ifl
451a
951a
2238
4214
661a
46
96
45
95
21
21I4
»5ia
211a
41
65
40
41
63 1«
91
941a
41I9
691a
56ia
142
104
26
III4
27%
581a
153
3258
5l>4
90ifl
205
lU2i«
73i«
2II4
38)a
2718
471«
291a
8313
103
90
441a
941a
22
4II4
66I4
Price o«r aharf
27I11
27!^
27»
fa
!
78i«
9933
107
95I4
2738
.
Do
4
5
M
95I4
56I3
2d preferred
Nfortheru Paoiflo, com.
PreteiTed
QOIiD.
100 14
107
81
ft
better inquiry for the Straits carried the price to 2758d. At this level
there were free sales, no doubt accentuated by dearer money in New
York, and we have fallen to 27i4d. cash, closing firm. Indian price Rs.
For the week— Arrivals New York, £195,000. Shipments:
India, £161,00 J; Hong Kong, £25,000: For month of April— Arrivals: Germany, £74,000; France, £30,000; U. S. A., £758,000. Ship,
ments: France, £57,000; China, £ 132,00 D; East Indies, £548,000.
Mexican Dollars—There is no business to report.
9^8
o
<
W
o
l-l
BT.
The quotations
FH.
27ifl
do Preferred
£26,000; East Indies, £34,000.
Silver— The market hardened considerably at the close of last week
on rumors of large purchases of silver for Mexican coinage, and a
70^.
27 08
<*fr
Chica. Great Western
Chic. Mil. & St. Paul...
Den.
Rio 6r., com..
.
&
Thur8.
8H
8^
nom.
3H
Wed.
Atch. Top. & Santa Fe..
Preferred
iH
3^
8^
TutM.
3%
ZH
i}4
3H
.H
3H
JIfon.
Sat.
27I3
~277^
271a
278i«
94s, e
Consols., new, 2% p.ota.
94
94
94
941,8
For account
94 14
94>8
94ll«
941,6
941i«
irr'ohrente8(lnPai-is)fr. 0162»fi 101-65 01-6212 101-50 01-27 la 01-3713
7OI4
Spanish 48
70««
6958
70%
n
3
SVfi
3«
4
6«
SH
Messrs. Pixley
May
Open
Market
4
'9i
Apr .19.
Apr .26.
a.
[Vol. LXXII.
Ena:ll«li Financial Marketa— Per Cable.
The daily closing quotations for securities, etc., at London
*re reported by cable as follows for the week ending May 24,
as follows:
3
SM
3M
HM
3^
4
Bt. Petersburg..
Madrid
Copenhagen
..
e
2778
2-iiie
2738
2938
29ifl
27
27%'
V
National Banks.— The following information regarding
aational banks is from the Treasury Department.
Nominal.
NATIONAL BANKS ORQANIZED.
The following shows the imports of cereal produce into the
United Kingdom during the first thirty- six weeks of the
new season compared with previous seasons;
Certificates Issued April 2S to May 18,
5,787- -The First National Bank of Elmwood, Nebraska. Capitalt
Edwin Jeary, President; Flojd L. Woolcott,$25,000.
IHPOBTS.
5,788- -The Mechanics' National Bank of St. Louis, Missouri. Capital.
R. R. Hutchinson, President; C. O. Austin,
$1,000,000.
Cashier. Couversion of the Mechanics' Bank of St. Louis,
Missouri.
5,789- -The National Bank of Ionia, Mlchigau.
Capital, $50,000.
H. B. Webber, President; C. D. Ransom, Cashier.
5,790- -The Peoples National Bank of Kingfisher, Oklahoma Territory.
Capital, $25,u00. Edwin Hockaday, Preaident ; F. L. Boynton. Cashier. Co'iversion of the Peoples Bank of Kingfisher,
Oklahoma Territory.
5,791- -The Atoka National Bank of Atoka, Indian Territory. O pital,
$30,000. J. T. Jeanes, President ; R. J. Allen, Cashier.
5,792 -The First National Bank of Hartford, Kentucky. Capitals
$25,000. T. L. Grittin, President; J. C. Riley, Cashier.
5,793- -The Smith National Bank of St. Eaward, Nebraska. Capital,
$25,000. Pierson D. Smith, President; Lon A. Tuttle, Cashier.
5,794- -The Paris National Bank, Paiis. Missouri. Capital, $70,000.
David H. Moss, President; Anderson D Buckner, Cashier.
5,795- -The First National Bank of Glen Rose, Texas. Capital, $26,000.
J. R. Milam, President C.
Milam, Cashier.
5,796- -The First National Bank of Medford, Oklahoma Territory.
Capital, $25,000. John T. Stewart, Presideut; T. T. Godfrey,
Cashier.
5,797 -The Lufkln National Bank, Lufkin, Texas. Capital, $25,000.
E. A. Frost, President;
, Cashier
6,798 -The First National Bank of Cando, North Dakota. Capital
$25,000. C. J. Lord, President; Harry Lord, Cashier. Conversion of the Towner County Bank ot Cando, North Dakota,
5,799 -The First National Bank of Lebanon, Kansas. Capital, $25,000.
President; J. D. Mossman, Casuier.
5,800 —The First National Bank of Ryan. Indian Territory. Capital
$25,000. T. J. Lacy, President; L. S. Noble, Cashier.
5,801 -The Second National Bank of Meyersdale, Pennsvlvania.
Capital, $65,000. C. W. Truxal, President; E. M. Beaohly,
Cashier.
5,802 —The Hicksville National Bank, Hicksvllle, Ohio. Capital. $25,000. J. M. Ainsworth, President; J. L. Bevlngton, Cashier.
5,803 —The Commercial National Bank of Essex, Tow». Capital,
$50,000. R. A. Sanderson, President; T. K. Elliott, Cashier.
6,804 —The First National Bank of Watomja, Oklahoma Territory.
Capital, $25,000. W. R. Kelly, President; Chas. H. NashCashier. Conversion of the Bank of Watonga, Oklahoma,
Territory.
Capita^
6,805 —The Bankers' National Bank of Cleveland. Ohio
$50O,C00. Luther Allen, President; Joe. B. Kraus, Cashier,
Capital,
5,806-—The Citizens' National Bank of Arllnsiton, Texas
$25,000. Thos. Spruance, President; W. M. Dugan, Cashier.
5.807 —The First National Bank of Abbeville, Louipiana. Capital,
$2? .000. Severin Le nianc. Prei^ident; A J. Golden, Cashler.^
Conversion of the Bank ot Vermilion, Abbeville, Louisiana.
5,808 -The City National Bank of Granbury. Texas. Capital, $25,000.
T. H. Hlner, President; J. B. Sikes, Cashier.
8,809 —The First National Bank of Tishomingo. Indian TerritoryCapital, $25,000. A. Byron Dunlap, President;
1
Cashier.
1900-01.
Imp'rt80fwheat,0Wt.48. 143,200
Barley
15,976,700
Oats
14,816,600
Peas
1,833,330
Beans
1,186,640
Indian Corn
.37,952,800
Flour..
15,848,100
1899-00.
1898-99.
1897-98.
40,587,200 41,303,450 44,025,510
12,200.500 18,279,843 15,508.764
12,376,500
9,948,620 10,345,660
1,992,700
1,676,630
1,838,430
1,327,300
1,451,000
1,936,060
40,361.100 37,780,260 35,152,400
14,604,100 16,165,230 15.335,930
Supplies available for consumption (exclusive of stocks ot
September
1):
1900-01.
1899-00.
1898-99.
1897-98.
Wheat imported, owt.48, 143,200 40,587,200 41,303,450 44.025,510
Imports of Hour
15,848,100 14,604.100 16,155,230 15.335,930
Baleaof home-grown.18,567,884 23,862,039 24,734.279 19,854,004
Total
....82,558,184 79,033.389
Aver.prioe wheat, week.268. 8d.
258. lid.
Average price, season. 27s. Od.
26s. Od
82,192,959
The following shows the quantities
maize afloat to the United Kingdom:
of wheat, flour and
This week.
qrs ..3,270,000
Flour, equal to qrs... 375.000
Maize
qrs... 555,000
Wheat
The
Lattweeic.
3,295.000
445,000
490,000
British imports since Jan.
1901.
PORTA
January
February
TlVf
March
April
AprU
3d.
5d.
79.215,444
42s. 40
1900.
3,005,000
3d5,000
580,000
348.
7d.
1899.
3.150,000
290,000
510,000
have been as follows:
1900.
A.
A
45,987,516
39,714,439
46,426,056
46,392,892
44,555,914
37,644,808
45,002.134
42,681,876
Fourmos... 178,500,328
The exports since Jan.
Exports.
January
February
March
1
259.
26s.
169,874,767
Difference.
9
-(-1.431,602
-f 2,069, 631
-1-1,423,922
Per
Oi
-f3-21
-f-8-6a
8,625,561
-H5-06
have been as follows:
1901.
1900.
£
£
24,753,531
21,037,455
25,021,293
21,987,033
23,583,682
23,219,849
25.3i6.821
22,645,147
Difference.
£
t-i, 169,849
—2,182,394
—295,528
-658,114
Per
Oi.
-f4*91
-9
39
—1-16
—2-91
Fourmos... 92,799,312
94,765,499
—2 00
—1,966,187
The re- exports of foreign and colonial produce since Jan. 1
show the following contrast:
1901.
Re-exports.
January
February
March
April
Fourmos...
£
6,051,307
5,966,283
5,200,525
6,286.007
1900.
£
5,482,465
5,575,325
5,666,338
5,860,547
Difference.
£
—431,158
-1-390,963
;
,
-I-5-49
-)-3-16
4-3.711,016
-t-
Ca.shier.
Per Ot
—7-84
-I-7-13
—465,813
-8-20
-1-425,460
-f7-25
22.504,127
-0-35
22,584,675
—80.548
Note.—The aggregate flgurea are official. They indicate that slight
adjustments have been made in the monthly returns as published.
A
—
.
.
May
25,
THE CHRONICLE.
1901.]
EXPOBTS AHD OCPOBTS OF BPBOIE AT HEW TOBB..
glO—The National Bank of Kinsley. Kansas. Capital, $25,000. C.
W. Bee) er. President; H. R. Bfoler, Aotlntt Cashier.
6 811— The Manguin National Bank. Mangucn, Okhtlioma Territory.
5
T. C. Phillips, President;
Capital; $25,000.
J.
1019
Capital,
5,812- The Danville National Bank. Danville. IlUnoH.
$100,000. E. X. LeSeure, President; C. V. McClonathan,
Cashier.
Capital,
6,813- The First National Bank of Stronghurst. Illinois.
$25,000. H M. Allison. President; E. H. Allison, Cawhit-r.
Hank
of
StroiiKhurst,
111
Conversion of Ilend-^rsou County
6.814- -The First Na'lonal Hank of Friendly, West Vlrelnla. Capital,
Cashier.
President;
$25,000. Hugh Thorn,
Capital. $2i.000.
5,815- •The First .'National Bank of Malta. Illinois.
Frederick B. Townsend. President; Joseph C. Pleroe, Cashier.
Cap6,816- -The National Exchange Bank of Castleton, New York
James R Downer, President; Osborn Earing,
ital, $25,000.
,
Gold.
Cashier.
OORPOBATK BXI8TEH0B OF NATIONAL BANKS EXTENDED.
2,526-The National Bank
of Kennett Square, Pennsylvania, until
close of business April 26, 19V1.
2,524-The German National Bank of Cincinnati, Ohio, until close of
business April 29. 1921.
2,530—The New Holland National Bank,
New
^reat Britain
......«••.
Praii06
.......
'iftnnanv
until close of business
May
5. 19<Ji.
until close of business
May
14, 1921.
Week.
$1,764,851
13.644,488
1,520,003
$
1,997,841
svest Indies
America
Ml other countries.
Total 1901
Total 1900
Total 1899
2oo'6o6
$2,198,841 817,941,792
3,231,464 17,921,49.'^
63..571
4.382.019
1.
$
199,755
"i'.ise
7.761
17,290
4,025
310,597
114,757
336,200
34,759
$33,232
24,375
466.931
1,214,875
6,441,160
27,680
17.595
449,000
"(outh
Since Jan.
$
518,17.'5
"i',6o6
VIexloo
Exportt.
$996,068
Importt.
Bilver.
Since Jan.X
Week.
B'ranoe..............
Hermany
.......
West IndleB
Mexloo
South America
411
Week.
$607,485 $20,265,313
238,899
900
lo.o'cb
132,752
21,250
GreatBrltain
$14,937
3,883
"2.725
$617,485 $20,662,621
1,300.205
19,514,538
19,306,772
898,550
Since Jan.X.
9
61,420
80,218
1,013,562
29
300,090
16,183
$64,174
79,282
133,776
$1,428,878
1,561.659
1.310.498
1.016
2,491
other countries.
Total 1901
Total 1900
Total 1899
Holland, Pennsylvania,
2,536—The Merchants' National Bank of Nebraska
BinceJan.l.
Week.
Capital, $50.6,817- -The Farmers' National Bank of Odebolt. Iowa.
000. R. W. Sayre, President, 8. Ben Sayre, Cashier.
Capi
5,818- -The First National Bank of Barnesboro. Pennsylvania.
J. S. Miller, President; E. O. Hartshorne,
tal, $25,000.
6,819-'The American National Bank of Barberton. Ohio. Capital,
$103,000. William A. Johnston, President; 11. B. Houghton.
Importt.
JBxportt.
M. Norton,
OsiSlilor
City, Nebraska,
Held by National Banks.— The
Deposits of Bonds
COUPORATE EXISTENCE OF NATIONAL HANK EXPIEED.
2,529— The Citizens' National Bank of ZanesvlUe, Ohio, expired by
following interesilQg statement furnished by the Comptroller of the Currency shows the amount of each class of bonds
limitation May II, 1^01.
held against national bank circulation and to secure public
LIQUIDATION.
moneys in national bank depositories on April 30. For
3,322—The National Bank of Paris, Missouri, has gone into voluntary statement of March Z\ 1901, see Chronicle April 27, 1901,
liquidation by resolution of lie stockholders dated March
page 805; for that of April 30, 1600, see number of May 5,
1, 1901, to take effect Anrll 30. 1901.
8^035— The Independence National Back of Philadelphia, Pennsyl- 1900, page 879.
vania, has gone into voluntary liquidation by resolution of
,
its stockholders dated May :-{.190l,to take effect Immediately.
5,295 -The First National Bank of Guernsey, Wyoming, has gone into
voluntary liquidation bv resolution of its stockholders dated
April 30. to take eflfeot May I, 1901.
2,181—The Centreville National Bank of Thnrman. Ohio, has gone
Into voluntarv liquidation by resolution of Us stockholders
dated April 18, to take effect May 10. 190
842—The National Bank of Cai^tleton, New York, has gone Into voluntary liquidation by resolution of Its stockholders dated
February 28, 1901, to take effect May 8, 1901.
1
APPLICATIONS TO CONTEET STATE BANKS.
Approved April 23
May
IS.
to
The MechanicV Bank of St. Louis. Missonri. into The Mechanics'
National Bank of St. Louis. Missouri Capital. $1,000,000. Blanks
sent to R. R. Hutcliinson, President Mechanics' Bank of St. Louis,
Missouri.
The McCook County State Bank of Salem, South Dakota, into The
First National Bank of Salem, South Dakota. Capital, $i5,000.
Blanks sent to E. B. Soper. Emmetsburg, Iowa.
The Haokensaok Bank into the Hackensack National Bank, Hackensack, New Jersey. Capital, $100,000. Blanks sent to Howard D.
New (ersey.
of Los Angeles, California, into the Citizens'
National Bank of Los Angeles, California. Capital, $200,000. Blanks
sent to William B. Wightman, oare of Citizens' Bank of Los Angeles,
California.
The Steele County Bank of Hope, North Dakota, into The First
National Bank of Hope, North Dakota. Capital, $25,000. Blanks
Bent to James D. Brown, Cashier Steele County Bank.
The Bank of Cleveland, Oklahoma Territory, Into Tlie First National
Bank of Cleveland, Oklahoma Territory. Capital, $25,000. Blanks
sent to J. B. Myers, Cleveland, Oklahoma Territory.
The Capital City Bank of Montgomery Into The Fourth National
Bank of Montgomery. Alabama. Capital. $100,000. Blanks sent to
Wm. Berney, President Capital City Bank of Montgomery, Alabama.
Terhune, Hackensack,
The
Citizens'
Bank
0. 8.
Description of Bondt.
Jiondt Held Apl. 80, 1901,
Public DeposiU
Bank
in Banks.
Uirculation.
8 p. ots., 1894, due 1904
4 per ots., funded 1907
4 p. otB., 1895, due 1925
3 p. cts.,'98, due 1908-18
5 per ots., funded 1891*.
2 p. ots., 1900 due 1930,
8-658 Dlst. Col., 1924...
$723,00'
9,519,9C0
12,121,950
5,700,300
.••.....
74,969,500
425,000
$268,900
6,389.£00
3,336,600
3,950,180
212,500
309,831,200
New
Coinage by CTnited States Mints.— The following statefurnished us by the Director of the Mint, shows
the coinage at the mints of the United States dui ing April
and the four months of 1901. For statement March, 1901,
see Chronicle of April 27, 1901, page 805; that of April,
oaent, kindly
1900, see
May
26, 1900, joatje 1032.
Four Months 1901.
ApHl, 1901.
Denominations.
Value.
Pieces.
Total gold
Dry Goods. ...
(81,617.656
Qen'l mer'dlse
Total
Since Jan.
1898.
10,124,013
$1,827,304
8,435.632
$1,608,559
9,537,456
$1,299,364
6,876,052
$11,741,669
$10,262,936
$11,146,015
S8,175,416
*43.679,349
177.566,499
$54,629,756
172,518,842
$44,266,639
166,389,087
$41,558.4f6
137.215,365
1
Dry Goods
Qen'l mer'dlse
Total 20 weekB t221,245.843 »227,149,598 $210,665,726 «178.773,801
The imports of dry goods
for one week later will be found
In our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending May 20, and from January 1 to date.
BXFOBTS FROM NEW TOBK FOB THE WEEK.
For the week..
Prev. reported
1901.
1900.
$8,238,956
195,705,483
$10,293,604
197,789,985
1899.
1898.
$8,322,232 $12,149,857
170,877,353 172,138,311
Total 20 weeks $203,944,439 $208,083,589 «179,199.586 $184,288,168
Note.— As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also compiled by the Custom House, we shall from
time to time adjust the totals by adding to or deducting from the
amotmt "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending May IS
and since Jan. 1, 1901, and for the corresponding periods In
1900
and
1899.
Dollars
Half dollars
Quarter dollars
Dimes..........
..
Total sUver
Vatu«.
531,000
809.300
49,000
$
10.620,000
8.093,000
245,000
s
787,478 15,749.560
22.83
2,283,778
'.7s0
1,687.945 8,439,725
235
588
1,389,300
18,968,000
4,759,436 47,027,653
1,950,C00
540,000
688.000
2,410,0C0
1,950,COO
5.588,000
2,633,000 25,491.394 10,708,746
FOBEION lUPORTS.
1899.
5991,900
15,909,400
15,458,550
9.650,480
212,500
384,800,700
425,000
1
Pieces.
1900.
Total Held.
$103,459,650
Total.
$323,988,880 $427,448,530
KtMteemable at option of the Uulted States.
The foregoing does not include the bonds held in the
York Sub-Treasury against deposits in banks. There were so
held on April 30 $10,647,000 bonds, making the whole
amount at tnat date in possession of the Government as security for deposits $114,106,650.
—
1901.
Secure—
*
Imports and Ex.''0Rts fob the Week. The following are
the imports ot New York for the week ending for dry goods Double eagles
.......
May 16 and for the week ending for general merchandise Kagles
Half eagles
May 17; also totals since beginning first week January.
Quarter eagles
For week.
Lo
7,310.3.'i0
7,310,350
270.0(0
1.976.350
172,C00
5,265.014
241,000 10,939,680
98.^,175
1,316.2.53
1,093,963
One-cent bronze
2,183,000
3,451,000
6,654.900
109,150
34.510 16,107,900
332.745
161,079
Total minor
5,634,000
143,660 22,762,800
493,824
Total coinage
12.611,300
Five-cent nickel
21,734,660 53,013.630 58,230,223
New York City, Boston & Philadelphia Banks.- Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the nonmember
banss.
N.
Tf.«
Apr.
May
"
Capital dr
Surpltu.
Loan«.
Svtcie.
$
$
9
Ltv^lt.
884.444,9 18715781 72,299.6
188,387.7 890,450,4 1823027i 71,9S5,3
11. 171,029.71897,716,9 1797tf07i 72,739.6
18.. 171.026,7 873.512,1
74,317,6
27.. 168.887.7
4..
Boa.*
tfay
banks.
4..
1768891J
57,833,9 196.241.0 14,693,0
67.832,9; 195,607.0 16,789,01
»7,632,9i 193,377,0 18,590,0'
j
'•
"
11..
18.
Phlla.*
May
lD«po*i(«.t
CHre'I'n. Oltortnft.
*
$
$
9707905 31,314,9 21874788
97.mi6 31,132,9 24640361
9774909 31,081,1 28530864
9516267 31,109,0 31294163
8,469,0 222,696,0
8.380,0 231,783,0
8,665,0 220,975,0
8,188,oll81,864.5
8,190.0 163,765.8
e,16l,0j 165,793,9
213,083,0 9,851,01133.894.6
38.715,3 176,461,0
68,848,0
208,693,0 9,861,0> 116,764.6
38.715,3 176,994,01
66.187,0
206,645,0 9.844.0!131.046.1
38,715,31 173,115,01
56.162,0
• Wt omit two eipheri in ail that ngurtt.
t luoladlUK for Boston and Philadelphia the Item "dae to other banks."
"
"
4..
11.
18..
—
.
.
.
THE CHRONICLE.
1020
New York City Clearlngr House Banks.—Statement of
oondition for the week ending May 18, based on average of
We omit two ciphers foo) in all cases,
daily results.
BANES
Capital. SurpltM
$
$
Bankof N. Y
2,000,0
2,060,0
2,000,0
Merchants'
2,000,0
Meohanloa'
1,600,0
America
1,000,0
Phenlx
10,000,0
City
300,0
Chemical
600,0
Merchants' Ex..
1,000.0
eallatln
Drov's'
300,0
<fe
Butch.
400,0
Meoh.ib Traders'
200,0
Greenwich
Manhattan
Co...
2,094,1
2,123,'.^
1,121,8
2,313,3
3,021,3
248,1
6,150,1
6,997,3
236,1
1,932.0
72,1
122,6
177,9
602,1
600,0
234,4
876,8
694,0
1,200,0
6,000,0 3,186.9
10,000,0! 6,940,1
1,000,0 1.613,2
1,000,0 1,333,6
422,7
498,1
1,600,0 1,223,8
994,6
450,0
200,0
845, C
927,8
1,000,0
3.000,0 6,379,8
461,6
600,0
600,0
889,8
285,0
600,0
900,0 1,101.6
219,0
1,000,0
1,400,0 1,770,3
491,6
1,000,0
400,6
300,0
1,600,0 6,089,6
2,000,0 3,727,4
156,6
260,0
8,000,0 2,631,1
526,2
1,000,0
942,6
300,0
80,0
760,0
600,0 9,616,1
118,6
300,0
728,2
250,0
474,1
200,0
376,6
760,0
1,000,0 2,442,6
100,0 1,339,9
648,5
200,0
846,3
200,0
967,6
300,0
1,000,0 1,119.8
862,9
200,0
300,0 1,047,1
429,8
200,0
884,6
600,0
2,100,0 2,148,1
614,8
300,0
680,2
600,0
414,6
1,000,0
547,1
260,0
339,3
360,0
843,2
600,0
Leather H't'rs..
Seventh
State oIN.T....
American Exoh.
Commerce
Broad'wav
MeroantUe
Paolflc
Kepahllo
Chatham
People's
North America..
Hanover
Irving
Citizens'
Nassau
Market &FtU ton
Shoe & Leather.
Com Exchange..
Continental
Oriental
Imp'tTa'A Trad.
Park
East River
Fourth
Central
Second
Ninth
First
N.Y.Nat'lExoh.
Bowery
N. Y. County....
German Ameri..
OhMe
Fifth Avenue...
German Exch...
Oermanla
Lincoln
6Hu11eld
Fifth
Bank of Metrop.
West Side
Seaboard.
Western
1st Nat., B'klyn.
Liberty
N. Y. Prod.Ex..
NewAmsterdam
Afltor
Hide A Leather.
LoarM.
Specie.
LegaU.
DtposiU
gf^o.
$
$
9
$
P.O.
19,849.0 4,176,0
21,162,0 6,919,0
14,358,8 1,555,8
14,548,0 2,690.0
22,581,9 4,107,7
942,0
4,933,0
109,013,8 29,643.9
24,784.6 5,163,1
913.2
4,962,6
992,8
8,923,1
335,2
1,023,6
322,U
2,500,0
138,7
1,041,6
4,982,4 2,158,'^
640,6
4,405.8
6,339,6 2,106,6
31,177,0 6,886,0
70,850,8 8,128,9
698,7
6,444,9
16,086,7 2,185,0
2,722,U
407.3
17,766,8 2,S82,U
746,3
6,439,1
187.6
2,181.1
838,3
12,556.0
4»,8e8,3 10,328,7
486,8
4,368,0
608,4
8,299,4
376,8
2.909,1
802,6
6,344,7
799,4
8,606,4
19,868.0 4,'i80,0
68,3
385,8
214,6
2,109,0
23,716,0 5,550,0
60,671,0 11,834,0
240,5
l,31'i,8
25,261.4 8,647,2
10,732,0 1,802,0
9,634,0 1,634,0
535,0
2,837,6
45,229,9 9,130,0
661,8
3,380,2
460,0
3,680,0
752,4
3,880,1
721,'^
3,486.8
36,684,6 12,605,0
2,684,9
9,796,8
227,0
2,330,1
412,6
8,010,9
13.623,8 2,109,0
7,997,6 1,670,4
398,6
2,246,4
7.812,2 1,185,3
356,0
2,838,0
14,961,0 2,876,0
36,796,5 8,638,6
S71.i>
4,895,0
6,639,1 1,054,1
4,610,6 1,148,3
821,9
7,565,0
683,3
4,296,1
684,3
2,636,8
1.448,0 20,586,0 278
2,418,0 27,592,0 83-3
1,449,8 15,924,9 18-8
920,0 15,367,0 22-8
3,351,7 25,916,8 24-9
4,749,0 23-4
168,0
6,166.5 126,396,6 28-4
2.218,6 25,236,8 29 2
5,815,8 26-2
660.6
7,008,2 27-5
940,0
1,278,6 32-7
83.8
2,870,0 19-6
240,0
1,007,1 31-6
182,2
6,057,0 38-0
145,8
5,844,1 21-9
535,0
7,542,8 32-0
872,5
2,124,0 27.201,0 29-3
6,675,0 60,606,5 24-4
6,253,3 17-7
836,7
1,662,4 14.946,1 266
3,762,9 26-8
800,'<!
1,682,1 18,765,4 24-3
6,662,6 25-8
976,7
2,792,6 21-5
411,5
rj,289,9 18-4
1,429,1
5,694,9 66,752,6 28'5
4,472,0 230
646,8
3,450,3 239
216,8
3,240.8 21-7
327,1
6,589,5 24-4
801,6
4,067,9 26-8
230,4
24,257,0
269
2.288,0
235,8 46-6
41.4
2,260,0 311
486,0
1,276,0 23.169,0 29-4
25-6
61,745,0
3,917.0
1,572,5 27-8
197.8
8,122.4 27,021,7 250
1,339,0 12,664,0 232
949,0 10,497,0 23-6
3,200,0 24-5
261,0
2,019,1 46,432,8 24
3,566,5 25-2
839,4
3,883,0 19-7
277,0
4,775,0 23-6
376,1
3,536,4 27-7
260.9
1,914,2 46,975,0 30-9
182,8 11,210.4 25-5
3,339.2 80-6
798,0
4,371,7 16-2
298,3
15,710.6
228
1,410,3
8,122,6 22-4
249,6
2,293,2 22-9
128,9
8,594,8 230
796,3
3.065,0 21-4
391,0
2,153,0 18,630,0 289
2,443,9 42,615,5 280
4,472,0 22 8
650,0
6,522,9 24-2
525.0
4,977,6 30-6
373,1
8,460,4 19-6
829,9
4,200,0 201
162,7
2,185,4 35-9
100,7
76,099,3 96,927,4 873,612.1 1768891 74,317,6 961,626,7 2e-6
Total
Reports of Non Member Banks.—The following is the
itatement of oondition of the non-member banks for the
week ending May 18, based on averages of the daily result.
We omit two rivhers ^00 ) in ad oases
BANKS.
Cap*.
(OOb omitted.)
Sur-
Loans A
plus.
Invest- Sp«ei«
L«fl. X.
ments.
NIW YORK
Deposit, toith
Net
JcB'k. Olear^Q Other Deposit*
Notes. Agent. BksJct
CITY.
Borovkgh of
Manhattan,
Colonial
Colambla
Eleventh Ward....
Fourteenth Street.
Glansevoort
•
.
Hamilton
Mount Korris
"
Mutual
Nineteenth Ward.
Plaea
Riverside
State
Twelfth Ward
Twenty-third W'd.
Union Square
TorkvUle
Washington
FideUty
Varick
Jefferson
Boro'h of Brookli/n.
Bedford
Broadway
Brooklyn
Eighth Ward
Fifth
Avenue
Kings County
Manufact'ra' Nat'l.
Mechanics
Mech's' & Traders'
Merchants'
Nassaa National..
National City
North Side
People's
Schermerhorn
Seventeenth Ward
Sprague National.
Twenty-sixth W'd.
Union
WaUahont
I
I
100,0
300,0
100,0
100,0
200,0
200,0
260,0
200,0
200.U
100,0
100,0
100,0
200,0
100,0
200,0
100,0
100,0
200,0
100,0
200,0
184,3
201,6
123,0
69,2
25,8
92,3
66,4
147,6
131,0
204,4
121,2
242,1
64,4
70,9
368,4
192,8
23,7
97,7
60,2
60,0
t
t
4.4 127.7
1832,7
2874,0 167.0 116,0
1174,4
45,9
46,4
1454,6
68,6
66.7
46,7
1184,8
5,5
87,5
1548,1
99,5
91,0
2300,6 130,4
24,7 115,0
1344,3
17,4 208,3
1400,8
2730,0 135.0 168,0
68,9
1164,9
18,3
3310,0 273,0 137,0
1261,3
30,5 172,0
41,6
98,2
1046,4
68,9 851,2
2243,8
1598,0
68,7 107,8
25,8
7,9
587,2
11,1
446,1
23,9
40.3
733,9
7,7
26,5
406,3
6,6
$
t
198,8
158,0
160,9
167,0
92.7
148,4
269.2
173,1
301,5
86,0
75,7
83,0
253,7
58,1
606,8
125,2
89,5
18,6
71,5
104,0
1910,0
8,0 2717.0
60,0 1343.7
1669.3
1204,7
6*S,"i
5,0 1750,9
61,8 2890,6
1,1 1810.2
107,3 1867,8
2813.0
1201,7
200,0 8780,0
15,0 1866.0
77,9 1198,0
3118.8
2"6,'6
1643 3
1,4
542,6
842,9
712,3
384,6
'S.'2
17,0
Richmond.
of Staten Isl
l8tNat.,BtatenIsl
Other Oitiet.
IstNat., Jer. City.
Hud. Co. Nat., J.C.
2dNat., Jer. City..
3d Nat., Jer. City..
lat Nat.. Hohoken.
21 Nat.. Hoboken.
May
May
May
18
11
4
[Vol. LXXII.
—
New
Foreign Tradeof
York Monthly Statement.— In
addition to the other tables given in this department, made
ap from weekly returns, we give the following figures for
the full months, alsoissued by our New York Custom House.
The first statement covers the total imports and exports of
merchandise and the Customs receipts for the ten months
of the last two seasons.
Mbrohandisk Movement at Nkw York. Customs RKOBiPTi
at Nkw York.
Month.
Exports.
Imports.
lOOO-Ol.
1899-1900
1900-01.
t
40,23S,19b
t
89,003.13^
1
42.929,965
AnKast
September
October
November.
December.
88.537.7;;3
42.567,341
41,979,217
46.833.311
42.717.498
49.241.496
January..
February.
46,617,767
Umoh..
48,793,416
July
86.838,626
46,238,194
.
49,430,41:
45,262 224
43,259.8S-8
..
April
49,681,388
46,146.436
42,584,607
46,363.833
49.662,620
43.988,408
66,961,691
46,925,244
1899-1900
1900-01.
1899-1900.
S
$
t
11,683,484
13,780.471
87.932,046 13,435,978
12,466,410
42.867.5.S4
11.793.166
48,765,888 13.414.'; OB
40,005,318 11.848.688
44,379.916 12.448.911
48,762.562 11.690,369
40,286.704 12,691.892
46.167,415
89.781.869
44,109,891
48.839.197
12,683,614
12.780.884
49,805.86';
18.897,848
44.721,0S6
12,604,788
14,810.389
18.477,206
18.822,890
11,891.931
448.928,8'ia 456,362,169 4tl.7i?1.851 424,892.036 128,477.976 130,048.784
Total...
and
silver for the ten
Gold Movbmbnt at New York.
SiLVJBR-NEw York
of gold
months have been as follows
Month.
:
Exports.
Imports.
1900-01.
1899-1900
t
July
August....
September..
175.679
10.680.342
8.060.251
162.26,-
4.306.887
November.
December.
4.719.031
January...
814,747
^•bmary..
299.628
814.648
141.468
Mareb
April
Total..
$
2.246.381
t
791.411
17.513.591
19.930
76.227
84.927
68.900
11.514.706
6,166,071
1,192,669
1,026.882
1.706,818
1
180.24f
1899-1900
1900-01.
886.812
1,109,486
764,671
3,969,248
167,569
801.787
620.398
818.911
318.686
219.964
165.963
October....
101,641
208.280
58.070
247.546
8.174.669
284.095
465,930
4.893.895
84.179,827
Imports.
Exports,
1900-01.
190C-01,
<
1.403.112
i
3.769.647
6.209,169
4.067.622
5.280.283
4.887.241
6.382.806
4.692,608
4,438.316
4,700,748
4,347.698
21,645,668 14.909,041
47.646.426
1,7£ 3.877
2,272,218
1.833,014
1.286,665
1.219.886
1,130,993
1,600.888
879.886
1.519.892
Anction Sales.— By Messrs. Adrian H. Muller
Slocks.
5 Iron
11,740,980
18,278,556
39.396.067
42.448,438
44.6?8,985
The imports and exports
Steamboat
$25
Co..
I
each
$1 50 per share
Stubs of 50 Edison Eleo.
I
L. Co. of Brooklyn... $26 lot
80 Issaqua Coal Co., State
of Washington
23
50 Union Trust Co. of N. Y 1400
50O Manhattan Co. Bank
&
5 Globe
35
10
96
165
100
& Son
Slocks.
Fidelity Bank of N.
:
Y. .255
Fourth Nat. Bank
260
Ninth Nat. Bank
110
Trust Co. of Amer...270-270i8
Lackawanna
Steel Co
.
&
Iron
lOOis
142 East River Nat. Bank...l47\
75 Nat. Bank of Commerce.
415-41714
.
31014-30914
Rutgers Fire
Bo7ids.
Co
45
$5,000 Union Ry. Co. of N.
Y. City Ut 5s, 1942; F&A..117
10 Anchor Mfg. Co. of Detroit, Mich., $26 each.. $2
$16,000 Chateaugay Ore &"]
26 Gallatin Nat. Bank .405-425
Iron Co. fs, 1915; J&J...
200 Brooklyn Wharf & Ware$3,360 Chateaugay Ore & ) 13%
house Co., pref. "B"
Iron Co. 5% certs, of indebtednesB for coupons.. J
$2 per share
10 Merchants' Nat. Bank.. .195
$5,000 Chlc.Wis. & Minn.RR.
inc 5e, 1916; M&8
7 Importers' & Traders'
92
Nat. Bank
591
$23,000 Chlo. Wis. & Minn.
RR. I8t6s. 1916; M&8
56 Bank of America. ..5l8ifl-525
1197a
59 Nat. Bank of the Repub$7,000 Indianapolis & St. L.
280-290
RR. Co. Ist 7s, "series A."
lic
Ins.
.
|
I
2 Chemical Nat. Bank...
Bank
Water Co.
M&N
1st 6s,
1908;
101
$1,000 Jamaica Water Supply Co. let 68, 1907; J&D.. 98
$9,000 Manitou & Pike's
85^2
&
136
Jamaica Township
$4,000
20 Central Realty Bond &
550
Trust Co
5 Lawyers' Mtg_In8. Co.. 230
40 Steel-Tired Wheel Co.,
pref
2 Market
J&J
1919;
.
4011-4040
Peak RR. Co.
Ftdton Nat.
A&O
260
Ist 68, 1909;
44
32 Niagara Fire Ins. Co. ...199
$5 OuO Metropol. RR. Co. of
40 Home Ins. Co
Denver 6s, 1911; J&J
295
IIOH
40 Butchers' & Drovers*
$6,000 Milw. & L. WinnebaNat. Bank
120
go RR. Ist 6s, 1912; J&J. .117^1
50 North Amer. Trust Co... 290
By Messrs. Richard V. Harnett Co.:
&
Stock.
91,9 183.0
122,3 247,4
37,9 161,4
23,7
89,8
24.8
65,5
25,6
70,8
160,9 463,6
167.3 428,4
57.0
79,7
36,2
29,4
260.0 671,0
269,0 519,0
11,4
63,9
48,5
80,4
43,8
60,4
11.4
30,1
63,9
38,9
0,8
76,7
97,1
10,0 262,0
21.8
14,0
61,9
53,d
26,7
54,0
41,2
17,9
34,0
160,0
100,0
300,0
100,0
100,0
150,0
252,0
500,0
100,0
100,0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
121,4
171,0
160,9
36.y
71,5
59,7
503,6
366,9
203,1
16,2
643,2
672,2
136,9
134,3
64,6
73,7
235,P
53,4
68,9
49,0
1375,7
1506,1
1278,8
345,1
709,9
722,1
2900,6
3357,5
1035,8
632,8
3903,0
2766,0
1016,4
975,6
458.0
563,9
1129.7
494.4
606,5
841,8
16,3
17,7
71,6
12,8
33,3
84,6
823,7
167,7
14,9
6,2
144,0
137,0
26,0
100,0
60,2
86,0
662,4
731,4
14.3
46,1
1638,2
1866,2
1281.2
14,6
337,0
14.7
640,8
29.0
744,7
3671,4
100,6
90 The Cleveland Electric Railway Co
400,0
250,0
260,0
200,0
110,0
125,0
906.4
570.4
320,6
241,8
466,8
109,2
28,6
10,0
4898,0 240,5 271,6
2045,3
64,8
53,7
29,2
1217,7
61,2
62,7
901,2
89.7
20,5
1986,2 103.3
41,1
819.1
27,»
84.8
132,6
l^anMug
attjd
^ittatucial.
4066 6
88,0
60,0
140,0
1014,4
609,4
4050,0
Spencer
3289
897.9
882.8
634,2
520.0
17.3
63.0 1084.0
2.0
495.6
661.1
62,6
818,0
82.8
65!6
222,6
17,6
1069,0 1176,0
182,4
46,6
236,6
228,5
58,6
104,8
6,0
63.8
.$2,6i0 57
"'8.1
27
&
6,2
628.7
741,4
29
Trask
BANKERS,
PINE STREET,
-
-
&
Co.,
-
-
NEW^
YORK
Transact a general bankin<r business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIES.
Boroxtgh of
Bank
Totals
Totals
Totals
.
Members N. Y Stock Exchange.
Branch
Office, 67 State St.,
Albany
65866
1689.4
1097,1
882,6
1638,5
816,6
7962.0 8929,6 70184,2 3087,3 4169,6 8665 4 2784,1 77088 1
7962,0 8882,1 89884.1 3106,0 4180,3 10099,1 2978,9 79759
7962,0 8832,1 70925,9 3013,4 4015,8 8330,6 3281,9 77662,7
Alexander M. White Jb
Geokge Bahclat Moffat.
Moffat
&
WniTK,
BANKERS,
Members New York Stock Exchange.
No,
1
NASSAU STREET,
-
-
-
NEW YORK.
INVESTMENT SECURITIES.
May
THE CHRONICLE.
25, 1901. J
I
gauTuers^ &<x^ztU.
of
premium; commercial, 75c. discount; Chicago. 15c. premium; .St. Louis, par; San Francisco, 10c. per $100 premium.
United States Bonds. Sales of Government bonds at the
Board include 815.f00 3s, coup., at 109% to IO914: §.500 Sb,
reg.,at 109; $6,000 4s, coup., at 1381^, and $500 4s, coup.,
The following are the daily closing quota1907, at 1133^.
—
DIVIDENDS.
Home
Books Closed.
(Days Inclusive.)
Company.
tions
RnilroadH (Steam).
Hocking
do
Valley, corn
pref
do
2
J'ly
Street KnilwayH.
20 J'ne 30
20 J'neSO
to
to
J'ne 29J'nol6
Cliicago City {(juar.)
Interest
May
May
May
Mwy
May
18
20
21
22
23
registered Q- -Jan
coupon Q- -Jan
to
J'ueSO
J'ne
to
J'ne 10
J'ne 1
J'uo 1
May 31
J'ne 20
May 31
J'ne 20
J'ne 30
May 31
—
Payable In Consolidated Lake Superior new stock,
annum from Jan. 20 to May 31, 1901.
t
At
to
to
2
May 31
rec.
rec.
rec.
rec.
rec.
rec.
to
of rec.
J'ly
1
May
31
rate of 7 per
cent per
WALL. STREET. FRIDAY, r»lAY 24, 1901.-3 P. M
The Money Market and Financial Sitnation.— Further
progress has been made this week in a return to normai
conditions in the security markets. Business at tlie Stock
Exchange has been more limited in volume than for several
months past, the total sales of stocks being smaller than
during any week since that ending Dec. 15, and commission
houses have had an opportunity to get their books in order
and settle balances. This process has reduced the number
of open accounts, so that in current transactions there is
a much larger proportion of legitimate business than of late,
and quotations are now on a more conservative basis. No
doubt one result of the recent panic, not yet fully realized,
will be the adju.stment of prices more nearly to real values,
measured in each case by the earning power of the property
represented. In view of recent additions to dividend rates
and to the dividend-paying list, it seems likely that such an
adjustment will leave prices at a level which will be satisfactory to holders whose purcha.ses are not of recent date.
The money market has continued easy at moderate rates,
and gold exports are smaller than was generally expected,
amounting for the week to only $512,000.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
To-day's rates on call were 3 to
from 3 to 7 per cent.
4 per cent. Prime commercial paper 4 to 4j^ per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £131,528 and the percentage of reserve to liabilities was 41-31, against 43-69 la.st
week; the discount rate remains unchanged at 4 per cent.
The Bank of Fiance shows an increase of 7,225,000 francs
in gold and 5,875,000 francs in silver.
The New York City Clearing-House banks in their statement of May 18 showed a decrease in the reserve held of
$1,293,600, and a surplus over the required reserve of
$13,299,9-25,
against §8,127,475 the previous week.
1901
18
May
Capital
Surplus
$
75,099.300
95,927,400
873,512.100
31,109,000
951,020,700
170,8S9,100
74,317,500
Differences
from
previous week
$
1900
May 19
$
72,222,700
87,979,300
788,225,400
21,017,000
808,020,300
104,929,100
68,781,200
for ytirly rongc see third page following.
Periods
to
to
of
of
of
of
of
of
;
J'ly 21
J'ly 21
BankM.
5
May 31 May 26
Mechanics' (Brook ly u)
May 28 May 19
3
Union Squaro
niiHccUancouH.
American District Telegraph (B'klyn). 31^ J'uo 10 J'ne 2
American Graphopliouc, com. (quar.).. 2 J'no 15 Holders
3 J'ne 15 HoMcrs
Columbus (O.) Gas L. & Heat., pref
1
J'ne 15 Holders
Consul. Lake Superior, com. (quar.)
ilo
com
1001 .T'ne 21 Holders
do
13.4 J'ne
15 Holders
do
pref. (quar. )
do
do
pref
25t J'ne 21 Holders
do
1='4 J'ly
1 .rne2l
Naitioual Tube, pref. (quar.)
J'ne 15 Holders
Ontario Lake Superior, pref
Leather,
(qiiar.)
J'ly
1 J'ne 10
States
pref.
United
1 May 24
J'ne
Virginia-CaroUna Chem., com. (quar.)..
t
1021
1899
May 20
$
58,022,700
77,380,700
28,
2m,
2h,
2s,
38,
38,
3m,
38,
4s,
48,
4m,
48,
58,
68,
1930
1930
1930, smalLreglsteied
coupon
1930, smaU
registered
1918
May
!
2/
*106i4 *106'4 •IO6I4 *106i4 *106>4 *106'4
*106i4 *106»4 *106>4 *106i4 *106i4,*106'4
...
...
Q- -Feb •109 •109 •109 •109 ib'g'"
109i« •109
coupon Q- -Feb •100
•109
*109
1918
1918, small-reglstered Q- -Feb,
*108i2
'lOSij •108Vj'*108H) 'lOSi^
1918, small.... coupon Q- -Feb
registered Q- -Jan '113'2i*113>2;*113»2 *113>9 *113i2
1907
coupon Q- -Jan 1131^ *113>2i*113is 113>9 •113>a
1907
•138 •ISS *137'4 "137'.j
registered Q- -Feb •138
1925
I38I4 *1373« •137'u
coupon Q- -Feb -138 *138
1925
•10834
Q•108^4 *108'4l*108»4 •108''i
-Feb
registered
1904
-10834
Q-Feb
•10834
coupon
1904
•10834^10834l*108'4
•This is tbe price bid at the morning board; no sale was made.
'
*io9"
10939
*108»a
*113>a
*113»9
^138
*138
•10894
*108'4
—
Sales of State bonds at the
State and Railroad Bonds
Board include §10.000 Virginia fund debt. 2-3s at 95 and
$25,000 Virginia 6s deferred trust receipts at 9 to 10.
The market for railway bonds has been dull and relatively
steady, although generally firm in tone. Union PaciBcnew
4s were prominent during the early part of the week, selling
at one time lelow 108, a loss of over 3 points. They gave
place later to Wabash debentures, which were exceptionally active, and close with a net gain of nearly 4 points.
Aifiong the lower grades Mexican Central 1st incomes were
conspicuous for activity, and when at the highest on Wednesday had advanced over 3 points.
Atchison adjustment 4s, Fort Worth & Denver City Ists,
Peoria & Ea.stern income 4s, Toledo St. Louis & Western 4s
and Wisconsin Central 4s also advanced a point or more.
Stock and Bond Sales.— The daily and weekly record ©f
stock and bond sales at the various stock Exchanges, formerly given on this page, has been transferred to a place by
It will be found to-day on page 1028.
itself.
Railroad and Miscellaneous
Stocks.— The market for
irregular, with the general tendency towards lower prices. Transactions on Tuesday were
little more than 630,000 shares, the smallest on any day since
Jan. 23, and with that exception the smallest of the year.
The Erie and Reading issues were notably active features,
at advancing prices, presumably on the favorable outlook in
the anthracite coal trade; but both participated in the decline on Thursday, which included all classes of stocks.
They recovered, however, to-day.
Northern Pacific was dull but erratic, selling on Thursday
57 points above last week's closing price and 45 points above
the close on Wednesday. There were no recorded transactions in this stock today. Lackawanna was bid up to 2-29^^
on Thursday, a gain of 17 points within the week, a large
part of which it has retained. Wabash stocks were active
and strong throughout, a fact which elicited various conjectures as to its cause. Union Pacific was notably weak, in
sympathy with the bonds.
American Linseed and National Lead issues advanced
during the early part of the week on consolidation plans,
but declined lat«i- on realizing sales. Tcie tobacco stocks
advanced sharply and were about the only strong feature of
the miscellaneous list, although the copper stocks resisted
fairly well the general tendencj' of the market.
stocks has been dull
Ontside Market.
and
— Business
week has been small
in the outside market this
in volume, and price movements have
been irregular without decided changes. About the only
stock which could be called active has been Distilling of
Dec 25,804,200
America, which on the prospects of its early admission to
Specie
Deo 2,871,000
the
unlisted department of the Stock E.xchange has risen
tenders
Legal
Ino 1,578,000
from 6% for the common to 9, closing to day at 8J.^; the
Beserveheld
251,206,000 Deo 1,293,600 233,710,300 260,213,000 preferred has advanced from
'28^X S'Od closes at 31 Jg, the
Legal reserve
237,900,075 Deo 6,400,050 217,155,075 225,681,475
highest price for the week. Standard Oil has moved in the
Surplus reserve
IH 299,925 Ino 5,172,450
34,631,525 other direction, going down from 800 to 785.
16,555.226
A number of
securities either new to the curb or ordinarily very inacNOTE.— Beturns of separate banks appear on page 1020.
tive have been traded in this week.
Among thenew shares
Foreign Exchange. The foreign exchange market has is Auto-Truck Company stock; this came out on Tuesday at
been .strong and rates advanced on a limited supply and a 5@55:£ and declined to 3^4 on Thiu-sday.
The initial
good demand for bills.
sale
of New
York Realty Trust Corporation stock
To-day's actual rates of exchange were as follows: Bank- was at 150; it subsequentlj' advanced to 165.
Diaers' sixty days' sterling,4 843,£(a)4 85; demand, 4 88 V4(»4 88,1.j,- mond Match, which
is listed on
the Chicago Stock
cables, 4 89@4 89^^; prime commercial, sixty days, 4 84i4oi£ Exchange, sold on the curb this week at from 136 to
4 843^2! documentary commercial, sixty days, 4 83;?4'(i4 85; 137. and Mexican National Construction stock was traded in
f-ain for payment, 4 843i'«4 85; cotton for payment, on Wednesday at 26. Other strangers to this market were
83'>4@4 85; cotton for acceptance, 4 Si^iQii 84i^.
the 5 per cent bonds of the Louisville Henderson & St. Louis
Posted rates of leading bankers follow:
RR. and the 4 per cent Erie-Penns^'lvauia Coal collateral
trust 4s, which changed hands at lOl-^'j! and 9373, respecMay 24
Sixty Days
Demand
tively.
A small amount of Cramp Shipyard stock sold toPrime bankers' sterling bills on London.
day at 86}-^: it is reported that the plan for the consolidation
4 85>a
4 89
Prime commercial
4 84*4 ®4 84>a
of the Vickers- Maxim and Cramp companies is making satDocumentary comniprcial
4 83''.j ®4 85
Paris bauker.s' (Francs)
isfactory progress. It is proper to say that the curb market
5 IS's @5 17'ij* H6»a 36 15*
Amsterdam (ginlilors) bankers
40% S 403i8 40^8 a -iO'ia will continue to be held in front of the iJills Building on
Frankfort or B remen (reiclim'ks) bankersi 94>'>jg® 95
957,8«95>a
Broad Street. A vote was taken this week on a proposition
• Less ii«.
to conduct dealings at some point nearer to the temporary
The following were the rates of domestic exchange on quarters of the N. Y. Stock E.\;chauge in the Produce ExNew York at the under-mentioned cities to-day: Savannah, change Building, but the movement received gcarcely any
buying' 1-16 discount, selling 65c. premium; Charleston, support. The list of outside quotations will be found on
buying par, selling % premium; New Orleans, bank, $1 00 page 1028.
Iioans & discounts
Circulation
Net deposits
Deo"24,204,800
Ino
27,900
763,-)02,200
13,801.300
902,325,900
203,183,000
67,029,400
—
.
[
.
.
.
';
'
New York
f
Exchange— Stock
Stock
Record, Daily, Weekly and Yearly
TWO PAGE8
OCCUPYTS'G
STOCKS—HIGMBST AJfD LOWEST SALE PSICES
Monday
Saturday
May IS
'
May
20
*26
*25
27
27
•66
66
55
56
77 '4 811-2
78
ii-Z\
07^4 99
97 Jg 'J9
1013ilO4Ja 10114 107
93
y3
93_ 9312
74 's 77
761a 77=4
•85 k 87
861-2 80 ij.
•12114 l'-'3
'I2II4 123
105 106
10478 105 14
07 14
67
60
69
•156 170
159 1601-2
4838
4S7e
41
43
80
197
81
I9712
126>2 1-2612
•
132
21
•91
94
•78
SO
-40
46
32 14 S3
70
71
161 162^6
»186 190
»197 198
2014
154 1-2
142
200
162
•
*
22^4 'Z\i
4312 44^8
7934 80
•U6
120
25
»69
72
1334 14
4812
48
22
221-2
162341641-2
216
216iii
4713 47 1<.
9334.
9334
26
26 12
lOie
101-2
19 12 19 >g
8818 3914
6734 681-2
6Sia 55
64
•86
180
24i
541-2
90
18114
2434
10
54
75
7612
IS7I2I4O
311a 33
6OI4
60
1938 1958
43^4 431-2
8
8
•30
35
5618 57
125
72
103
117
167
*32
*86
*25
*54
*25
*54
27
60
72
104I4
II8I4
170
361-2
25I4 25i->
Ills III4
27
95
1131a
1131-j
27
24
68
2734
5713 58
105 10634
«81ia 811-2
153
28
153-;
•66
120
70
*U0
•25
*64
55
.Friday
*25
*54
27
56
27
56
29 14
Salfs 0/
the
STOCK
Shares
Do
rights
2038 21
43
7
44 la
9
*2534 ,...
201a 21
*41
43
'7
9
11934 21
4234 4234
9
*30
*30
*30
35
35
35
*54
*55
*57
60
60
60
120 125
120 120
122 123
=230
230
230
*72
«08
*70
75
75
73
IOII4I04I4 101 la 103
1025910334
II418II7I4 112 11434 1131-2 11434
165 168
I65I4IO712 1057gl67i4
*33
32
34
35
32
34
91I2
"85
*S5
91
95
*So
2434
lO^a
26I4
11 14
24I4
10=8
2078
12 la
26I4 2034
III4 12
931a 9434
II3I4 11334
23
*52
28
23
58
28 12
57I4 58
911a 921a
113iall3ia
*20
221a
*52
58
2034 28
5534
571a
IO314 10034
81
81
100141041a
151
1501a 15134
*28
30
15234
2334 291a
110
66
....
66
*100
»60
110
66
15134
*60
65
29 la
W., deb.
ctf
.
A
11
34
59
1178
11
911-i
*107
89
911a
113121131a 11334 11334
-20
22
23
2:
?eOi8 OOig
57
57
27I4 28
27
28
5734
57
57
5734
103 la 10034
104 105
8II4
*80
81
J8114
151
'28
<fe
77
77
137ial38ia Illinois Central,
3
3
owa Central
*58
69
Do pref
2534 2534 Kanawlia & Michigan,
261a
*19ia
201-,,
20%
ansas City So. vot. tr.
"42'
42 14
4118 41 14
Do pref. vot. tr. ctfs.
*8
*8
9
9 Keokuk & Des Moines...
*30
*30
35
35
Do pref
57
67
67
57 Lake Erie cfc Western...
*120 125 *120 125
Do pref
*230
*233
L. Shore & Mich. South'n
*70
70
74 Long Island
101 la 103 lo 101 14 102 la Loui.sville & Nashville...
1133411514 II314 11434 Manhattan Elevated.,
I66I4IO834 165ial69i2
etropolitan Street
*32
341-7 Met. West Side El. (Chic.)
351a *32
91 V2 *85
85
88
Do pref
2534 2612
2oia 26 If. Mexican Central
33
59
•26
*107
9II2 92
521a 53
543b
7834
77
I3914 13934
Do
deb. ctf. B
Hocking Valley.
Do pref
149
28
*105
60
113s
Mexican Nat'l tr. receipts
Michigan Central
89
Minneapolis
II314 11314
22
58
22
58
<fe
St.
30
14
600
200 75
42
30,550 23
140,580 134
1,370 175
27I4 Mo.
503.
'212 214
214^8 2147g
214 *212 214
32 14 331a
32
321a 327fc
311a 33
335t
61
61
51
5112
4938 5118
50
52
*87i3
*87
88
*S7
90
88
881a *87
164 155
15434 15612 160 171
1541a 156
»98
98 14 9812
98
98 lo
98
98
99
'58
60
603^
60
00
61
62
61
*92 100
*90
*92 100
*92 100
98
*67
*65
*65
•05
71
70
70
70
14634 14734 1451a 1461a 144 14534 145 14534
8I4
8I4
8I4
8I2
8^8
8
8
S-'u
2514 25 14
28
28
28
28
261a 27
*55
60
75
75
75
76
77
76
76
76
*97 105
100 100
100 100
43I2
42
40
40
4013
4234
41
41
14
75I4 70%
76 14
74% 77
75
741a 75
52 14 5378
511a 52
511a 64
511a 6234
1-,
27% Jan
Lonis
& S. S. Marie.
Kansas & Texas
28
9 188
9 200
33,305 76
57,400 83
41,005 150
250 27
800
500
320
May
May
May
Jan
7%
81s
28I4
*27
Do
778
28
rights
&
Eastern
Pere Marquette
Peoria
200
95,100
12,395
600
3,8.">2
2,956
800
40,500
61,206
1,000
300
pref
2,535
St. L.
74
74 Pittsb. Cin. Chlo.
200
Do pref
4114 4278 Reading, vot'g tr. ctfs.. 117,404
1st pref. vot. tr. ctfs.. 63,700
75% 761-2
523« 5334
2d pref. vot'g tr. ctfs... 70,000
Do
411a 41%
75I4 77
5234
55
&
Bio Grande Western
Do
8878 Deo
Jau
45I4 Jau
May 6 108%J'ne
May 3 109% Jan
187% Deo
215
May
248
April 195% May 220
1
Deo
45 Deo
29 Apr
64 Deo
1 48 14 Deo
150i4J'ne 17234 Deo
Deo
30i4Aprl3~
12i4May
12
21% May
43% Apr ,30
72% Apr 30
12
4
J'ne 21 Deo
6i4Mar
J'ne
J'ly 2078 Not,
10% Sep
80-% Sep
27% Deo
63% Deo
I
43i4Deo
54% Mar
94% Apr
20 Deo
191% Deo
66
DeOi
8%Deo^
I
36%Marl8
24% Jan
37%Anri
9% Jan 16 88% Mar 9 76 Feb 34% Nor:
Jau 21 30 May 2 10% Jan 17%I>eo
6 Mar
3% Jan 24 15 Apr 16 2% Sep
107 14 Mar 4 107i4Mar 4 U04 Jan 115 J'no
6734 Jau 19 95 MaylS 45% J'ne 71% Deo
10134 Jan ~ 114%Mar21 87% J'ne 104 14 Not
15 May 9 2534 May 7 14 Sep 27 Apr
49 Apr 9 63 May 7 47 Nov 69 Apr
1234
35%Apr20
9 Sep 17% Deo
68% Apr 19 25% Sep 47 % Deo
11634 May 7 3838 Jan 72%Deo
83 Apr 13 35 J'ne 49 Deo
197i4Apr 9 ^183% Jau ?iS9%May
170 May 2 125%J'ue 145% Deo
39 Apr 19 11 J'ne 24%Deo
115 Mar22 75 J'ne 110 i>«o.i
79 Apr 19 29 J'ne SSi^Doo,'
420 Apr 1 420 Apr 1 400 May 420 rtr?134%Janl5 139 Feb21 5130 Jan §135 Mar,
^206% Feb 27 ^21514 May 7 :20734 Sep 21534 Jaa
24 May 9 40% May 1 ISitJ'ue 32i4Deo'
42 Jan 10 5734 May 2 22% Jau 453400082 Feb 15 90 Apr SO 67 Jau 83 Deo!
7714 Jau21 700 May 9 4534 Sep 86% Deo
84i4Jan21 11314 May 7 67 Sep 91% Deo
52 Feb 1 66 Apr 20 46 Mav 62 Not
89 Feb 25 98 Apr 26 82% Sep 90i4Deo,
63 Jan 8 73 Apr 20 57 May 69% Oct
137 May 9 161%Apr22 124% Sep 149% Deo
i
634Mayl5
Jan22
Jan 9
72 Jan 2
57 Jan 30
88 Jan 4
24% Jan 4
lli4Apr30
Mar22
65 Feb2S
79 Jau 28
35
147g
3334
65
38
65
93
pref
J
Apr;
57 May 6 30% Jau 4278 Deo'
80 May 2 58 Jan 7434 Deoj
149 14 May 1 110 J'ne 182\Deo35i4Apr 8 1178 Jau 2733 Deo'
64% Apr 10 39 Sep 58 Mar
2934 Mar 9 10 Jan 25 Deo
25 Apr 30
7 Sep 17%A^i
49 Apr 30 27%Sep 48% Apr;
10%Febl3
8% May 6 Deo;
36 Apr 4 14% Oct 23 Deo:
68%Aprl9 20% Mar 52 Deo
130 Mar29 83i4Feb 115 Deo
?235 Febl9 §197 Jan §240 Deo
80%Marl4 47% Jan 89 Mar
lll%Apr30 6834 Sep 89% Deo
13134 Apr22 84 J'ne 11678 Deo
176%Apr22 14334 Sep 182 FelM
9
9
9
13,900 15 Jan 21
14,200 37 May 9
120,960 69 Jan 4
136 78 May 9
Mob.&0.,J.P.M&Co.rects
?191%Jan 8
Morris & Essex
15178 iisi^iso"
Central <fe Hudson. 13,010 139% Jan 21
23i->
1,150 16 May 9
277„ 2778
Y. Chic. & St. Louis..
115 *100 111
97 Mar 1
Do Ist pref
*60
200 47 Mar 1
70
pref
65
2d
Do
New York & Harlem
J'ne
Mar21 15 Sep
Apr 12 38% Oct
April 74 Oct
Apr 20 12% Mar
Maris 14434 J'ue
26i4May 2
6734 Feb 14 53% Mar
5i4Sep
11% Apr 22
9
pref
IO414IO6I2 Missouri Pacific
NY.
90
63% Aug 82
61
68
95
36
208
945 13% Jan
35 Jau
100
534 Jan
24 Jan
800 3934 Jau 21
500 108% Jan 21
?230 April
100 67 Jan 8
6,350
Deo
89% Deo
89 78 Apr
185% Apr 3 106% Sep 134% Deo
229%May24 171% Sep 19434 Deo
53% May
1678 Jau 34% Deo
100 Mar2~ 64% J'ne 87 Deo
3,100
18,085
42,525
Deo
Dee;
4334
169 76 May 3 102 J'ne 122%Deo
145 April 110 Oct 126 Not
201 April 172 Feb 175 Mar
31 Apr 10
8% Oct 1434 Deo
67% Apr 15 26% Oct 3934 Apr
90 Apr 19 55 J'ne 76 Deo:
121 Apr 20 103%J'ne 118 Deo
Mar
7 37
14%.Tan 30 Nov
16 77% Feb 8 46 Jan 72 Apr
21 18 Apr 29
334 Deo
5 Sep
31 56%Apr29 36 Sep 47i4Mar
4 2334 Apr 29 14 Sep 2014 Mar
Do
N. Y. Lack. & Western.
21514215I4 *212 214 N. Y. N. Haven & Hartf
32
3414
3218 33 ig N. Y. Ontario & Western.
50I4 511a
5018 5034 Norfolk cfc Western
88
88
87
88
Do adjustment, pref.
171 205 *170 300 Northern Pacilio Ry
97 14 98
9714 971a
Do pref
*60
*00
02
62
Pacific Coast Co
*92 100
*92 100
Do 1st pref
*05
*05
70
70
Do 2d pref
143ial45i2 143 la 144 Pennsylvania
779
May
May
68 Jan
33,775
6% Jan
9,550 40 Jan
7,500 16% Jan
8,510 105 May 9
8,720 188i4Jan 3
2,000 29% Jan 21
1,087 80 Jan 21
6,550 18 Jan 30
820
5 Jan 9
2,330 13% Jau 8
758,220 24% May 9
43,345 5934 Jan 21
21,900 39i4Jan 4
700 41 Jan 31
81 Jan 4
300 17 Jan 18
3,300 107%:May 9
1,000 22% MaylO
65 Jan
29
7% Jau 28
5,900 40% May 9
2,700 6934 Jan 21
14,900 124 May 9
0,810 21 Jan 21
1,735 48 Jan 21
100 21 Jau 8
.
•212
3
MaylO
225 108% Jan 21
200 207 Mar 1
14,287 11678Jan 4
125 Mar 2
180 Mar29
6,900 10% Jau 19
6,740 33 Jan 21
4,200 73 May 9
100 11 534 .Tan 12
pref
Minn. S. P.
Do pref
55%
May
25
69
Feb 85 Deo
Jau 125 Deo'
117%May 7 8434 Sop 9934 Feb
78%Aprl9 47% Feb 6li4Deo
14534 Jau 4 164 Mayl3 115 Jan 150% Deo
29 May 9 52% May 3 24 J'no 4234 Deo
27 May 9 50% Apr 30 31 Oct 42 Deo
72% Jau 4 82 14 Apr SO 6834 Nov 78% Deo
138i4Jan 4 19978 AprSO 119% Jan 144 Deo
91 Jan 2 13534 Apr 29 83 Jau 109 Mar
120% Jan 3 136 Apr 18 119%Dec 125 Ang
16 Jan 3 26%Apr29
978 Sep 18 Deo
9134 .Tan 23 9434 Maris 81 J'ne 94I4D6O
87
125
1,900
Do
2OI4
8878Apr22
16 Sep
40%J'ly
18*8 Jan
5314 Jan
5514 Jan
7234 Jau
47% Sep
8534 Feb 5
Jan 3 56 Marl4
Jan 21 40%Mar25
3,300 bS\ Jan 21 7534 Apr 2
800
300
33,926
'
'
May 3
114%May 8
93 Mav 3
108
Highest
52
92
2,731
'
531a
Apr22
Apr 22
90i4M»y 3
30
64
Lowest
Jan 9
65,280
21,110
3,400
41,280
'
52
53
76
7014
761a 761a
I42I4
139 140
1391a
33I2 34
34
3434
61
62
?60
60
Highest
20 Feb 20
300 52i3Miiyl5
& Santa Fe. 213,875 42i4Jau21
64,025 70 May 9
Bait. <fe Ohio, vot. tr. ctfs. 36.320 8134Jan 4
Do pref. vot tr. ctfs. 5,012 83% Feb 28
BrookljTi Rapid Transit.. 61,525 681a May 9
BuUalo Rocli. <fe Pittsb'g.
400 77 Marl9
Do pref
116 Mar 1
oioio 87 May 9
Pacific
CCanadian
Aaiiada Southern
1.000 64% Jan 4
"
10
5413 55
77
781a
I3914I4O
331.
33
591a 60
*26
Lowest
Do pref
Atoh. Topeka
Do pref
158 158 '158 160
100 160 Central of New Jersey...
159 160
48I4 49 Is Chesai>eake <fe
48 14 48^8
481a 50 14
481a 5014
Ohio
40I4 411a Chicago & Alton
4II4 42
4112 4234
4134 4238
7 'J
7914 80
80
7934 7934
7912 80
781a 7912
Do
pref
];»7i2 197 iv si 'Jo la 196
SI9534 196
«195
19534 S195 19534 Chicago Burl. & Quiucy..
I25I2 1251" 125 1251s 123
Chicago & East'n Illinois
130
130 *
132
130 130
Do pref
"2613 21 14
2II4 22I4
2038 21
22
23 le
211a 221a Chicago Great Western..
*90
92
93
93
93
94
94
Do 4 p. c debentures
931a
*79ia 80
*78
7934 7934
81
80
80
Do 5 p. 0. pref. ''A"..
44I4
45
45
4834
48
47
44
Do 4p. o. pref. "B"..
461a
32 13 337g Chic. Indianap. & Lonisv.
3314
32
3234 35
32 la 351a
321a 33
7012 71I4
7118 7118
7034 7934
72
72
Do pref
711a 72
159 163\, 10038 1623^ I6II4 16238 159% 16238 157%ie0i6 Chicago Milw. & St. Paul.
186 187 *185 188 nSS 188
185 185 nS4 184
Do pref
198 198 nou 200 n95 195 *195 197
195 195 Chicago <£; North Western
221 221
214 214
Do pref
151 153
151 154'; 152.1a 154
1521a I54I4 I5II2I53 Chic. Rock Isl'd <fe Pacific
130 140
142 Chic. St. P. Minn. & Om
142
142 *
«
200
200
200
200 *
Do pref
221-2
21
2112
2238 2338
2178 22 12 Chicago Term'l Transfer.
21
2218 23I4
431-2
42'
441-2
43
421-i
411a 43
Do pref
421a
431a 44 14
,.
8OI2 801a Cleve. Cin. Chic. & St. L
SOI4 81^8
SOI4 8OI4
80
82
8038 81%
11334 11834 '117 119
'115 119
Do pref
35 CleTe. Lorain & Wheel'g
35
35
35
72
72
72
Do pref
1334 I4I4
1534
15
I414 151a
131a 1438
141a 15
Colorado <fe So., vot. trust
48I4 50I2
'4
53 14
52
52
49% 51
Do Istpf. vot. tr. cfs
511a 53
22 12 22^8
2234 23 14
23
241a
231a 24I4
Do 2dpf.vot.tr. ctfs.
221a 22^8
163ial66
162 10334 Delaware & Hud.son
102 163
163 1631a 1021a 166
2I6I22I8
214 214
218 218
218 228
225 2291a
elaw. Lack. & West'n
46i«
4434 Denver & Rio Grande...
4634 *44ia 451a
4534 46 la
44
45
46
92i->
la
'4
{9314 9314
92
§9234 923,
92
92% 92
921a
Do pref
*25ia 27
293,
2934 2934 Des Moines cfc Ft. Dodge.
34
27
27
{27
291a 30 la
?10l8 lOig
9S8
i9l2 10
*8ia 10 Duluth So. Shore & Atl..
934 10
9=8
*18ia 19
18
ly^g ?19ia 191a
19
19
19
19
Do pref
36'-2 38"b
3634 3334
38
39% 4234 3978 41 7e Erie
411a
60 14 061a
6713 69%
6718 68 12
67 la 6834
671a 6934
Do 1st pref
54»4
53
56
55
0I34 531-2
53
571a
541a 5534
Do 2d pref
*52
*52
*52
*52
54
00
55
55
55 Evansv. & Terre Haute
54
*86
*86
'86
*86
"86
90
90
90
90
90
Do pref
25
25
25
25 Ft. Worth&Den. C.stmp.
ISO I8II2 17934 180 *179 181
178 178
1781a 17878 Great Northern, pref
10
'
Railroads.
Ann Arbor.
48'4 4953
4113 42 Vg
10
10
521a 53
Range for Year 1901
Range for PrevUn»
On basis of 100-share lots
Year (1900)
Week
EXCHANGE
May 24
761* 78=8
7514 78
7738 781a
7534 781a
9034 98197^8
98
9838
90
97
98^8
103 1^ 10534 IO414IO5
102ial04
101141021a
9334
93
92
92
93
93^8
921a
'8 937^
76-'8
75
7518 7634
76 14
75
751a 76I4
*85i4 87
*80ia 87
87
87
861a 861a
*121 123 *121i4r23 •12114123
'I2114I23
102 12 IO3I4 103 1031a 102 1031a '102 104
'66
*66
68
65
65
68
66
66
107
94
•21
68
Thursday
May 23
Green B.
10
•62
*120
•230
Wednesday
May 22
Tuesday
May 21
STOCKS
NEW YORK
77
105
May20
May
4678 May
7
7
80i4May 1
Jan 3 59i4May 1
Feb 5 85 Mar23
Feb 16 107 Mar29
May
9
5
20
J'ne
Jan
5514 Jau
4934 Sep
78 J'ne
Sep
Jan
23% Sep
15
49
4314 Jau
80
Jau
Deo
Deo
73% Deo
80% Jan
18
35
94
26
Jan
Deo.
71 78 Dec
39% Deo
Deo,
95i4Deo
80
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
NEW YORK
cm
Banks
Sid
Ask
City
Colonial K
Sid
Ask
710
Rid
Banks
14thStreetTI. 150
Ask
Banks
Irving
Leather Mfr.
Liberty
Lincoln
Rid
200
260
500
825
Ask
Banks
MutuallT
Rid
200
Rid
Ask
Ask
Pheulx
107
500
PlazaJ
Prod ExchU 150
Republic
t280 290
RiversideU .. 210
Seaboard.... 4.SO
650
Second
185
Seventh
105 115
Leth.
Shoe &
400
StatelF
State of NY'IJ 200
12th Wardll.
23d Wardf.. 110
280
Nassaul
195
300
Fourth ...... t260
...... New Ajnster 1400
310
Gallatin
t405 425
...... New York Co 1500
f415 41714 Gansevoortn 145
Nat Ex. 180
Garfield
SlanhattanTf. 130914 31014
500
New York... 325
German Ami 125
MarketdE:Ful t260
400
19th Wardlf. 150
100
German Exi 300
>[echanics' . 240 250
Batch's & Dr tl20
Ninth
tllO
Gennania^i .. 500
Ea«t River.. 14734 t
Mech & TraT! 110
Central
North Amer. 220
Greenwich
Mercantile .. 275 290
185
11th Wardll. 150
175
Chase
Orieutalll
185
700
FidelityU
t255
HamiltouK .. 100
Merch Exch. 135
Chatham .... 325
190
Hanover
Fifth Avef.. 3150
Merchants'.. tl95 ...... PacificTf
675
Chemical
Park
600
Hide <fe L'ath 150
325
Metropolis U 650
t4040 4041 Fifth
Citizens'
250
People'sTT
160
First
4500
Imp cfc Trad. t591
MtMorrislI.. 190 216
* Bid aad asked prices; no sales were ma<ie on this day.
n Banks marked with a paragraph (ID are State banks.
i Less than 100 shares,
t Ex rights,
i Sale at Stock Exchanee or at aaotion tbia week.
" cornered "^ sales for "oaak" irere made aa high as 1000.
t Trust Co. certiflcatea.
J
U Stock
...
America TJ... 618% t525 Columbian..
AmerExch.. 260 300 Commerce...
Astor
Continental
625
Eoweryll
Corn ExchlJ.
300
Broadway... 340 370
Domes Exch
",,
NY
i
May
25, 1901
Monday
May 2U
May
•12
13
•67 Hi 69
*26
28»a
74v» 75
45
45
•81
84
67
67
84
34
61^4 62 »4
4801,
493(.
aUHa 303-1
82»4 83^4
46% 46'b
185
20^4
3534
•76
•80
68
34
361-!
Hi
107 H2 109 Hi 100
91^4 91^4
90
2138
20»8
8834 39 Ht
17H» 18
61
•29
51!>4
30
20>4 21
44^4 45
176
"12
13 Hz
69
•26
70
29
34
125
23'*
35^8 36 Hz
•76
77
107 Hz
91 "8
20'8 21
38Hi 39^8
17^8 IS"*
52
52
2934 3034
19Hi 20
44
HI
13
69^8
44 Hz
Wednesday
Mai/ 22
Tuesday
May
70
28 '4
76 Hz
46
&a
6238 63
46Hj 49
3078
29
83'4
82
47^8
46
121
22
125
22
7 6
12
*67Hi
27 '8
75Hj
4434
7434
45
82
68
*32
13
Hz
•68
•28
75
7434
45
83
4434
1312
"0
29
75
4 5 '4
•81
84
68 Hi 6834
•31
34
6234 63 '4
47 »8 4778
29Hi 30'4
82 »8 83
46 Hz 47 14
120 122
23Hz 25'8
3758 39 Hz
76'4 76'4
6834
3234
62 Hz 63 1^
4618 48 '4
30 '4
83
47 'e
125
2234 24
38'4
36
*76Hj 77
29 Is
82 '4
46
•120
99 Hz 104 Hi 10134 103'^
88 Hz 89 14
SS'a 8934
22 '4
20 'a 21 '4
21
40
42
3734 4034
17>2
49 Hj
•29
19
•41
73
73
47
48
217H2217Hi
11
11
97
98Hz
•132 140
18
18
•180 185
218 22378
65T8 sesg
55 '4 56 Hz
107 108
107 107 Hz
87Hj 87Hz
22
77
221
58
100
2234
77 Hz
99 Hz
223 14
58Hi
105
2234 25
46 14
•214
634
•a02
S\
210
202
314
75
82
82
82
86
8634
•81
4S4
82H2
83
434
6734 58 Hz
S7Hj S8Hz
•12H» 13Hz
•318
210
3Hz
18Hj 1938
73Hj 75
32
34Hz
8211, 82Hi
•36
•80
•4Hj
87
83
434
56Hj 57Hz
•30Hj 37
19^8
I914
21Hz
44
44
46 '2
89Hz
89
89
94
9334
9334
205
58
101
23Hl 23 Hz
7918
79
9739 98 14
634
I4314 144*8
85
86
114Hill5'4
3U
3Hz
•8
•82
•438
5
55Hi 56Hz
39
44
30
20
44
200
'175
21
77 '4
77
77 Hz
2134
22
24
21
•6
•28
7
33
2634
Si's
28
28 '4
3334 St. J>ouui
40
195
37 '2 37 '8
72 14 72'.
24
21
49
51
6
7
25Hi 26 '8
6538 5534
48
7
26«8
6518
96I4
96H
78
146
121
•97
126
15
73
Union
Do
Sid
56>4
•80
13
86
13 Hz
69 7e
85
14Vi
7334
Aniirieaii liicycle
200
14834
121
100
126 '2
15
73
48I4
•212
•10
9234
•132
-17
•180
217
5734
108 Hi
•22
•84
89
28,810
6,610
1,480
225
7,466
600
pref
American M.alting
2618
Do pref
66 -Vmnr. Smelt'g
Befln'g.
96'.
Do pref
&
American Snuff
Do
American Sugar Refining
Do
i)ref
American Tel'gh <fc Cable
American Tobacco....
Do
pref
American Woolen....
Do pref
50'4 •Vnaconif.i Copper
218
Brooklyn Union Gas
runsw.Dock&C.Imp't
Colorado Faelift Iron...
11
93
139
Do
prof
Hook. C0.1I & Iron.
Commercial Cable
1834 Ool.
190
219
224
<fe
Consolidated Gas (N. Y.).
6234 Continental Tobacco
llOHz
Do pref
26 Hz Crucible Ste^l of America
86
Do pref
89 Detroit City Gas
< as & Klec. of Bergen Co.
223 General Klectric
Do
9634
6Hj
•34
•39
9734
82Hj 82Hi
•83
•98
16
634
67,
36
40
85
100
16
44Hl 45Hz
•33
40
Do
pref
pref
Intemaf'l Steam
Do
•83Hi 85
•96 100
•15
17
4434 45
Do
Pump.
pref
Laclede Gas
(St*
Louis)
pref
Manhattan Beach
National Biscuit
•95 100
Do pref
19 National Lead
2218
19
83 14 •8;^Hl 86
Do pref
-43
45 National Salt
45
76
76
Do pref
*75H» 76
138 142 •137 142 New York .\ir Brake
85
84
North
85
American Co., new
85
Hi
34Hz 35 Hi 1pacific Mail.
11314 115Hz 11234 11434
eop. Ga8-L.& C. (Chio.)
•95
19
83 14
•43
100
-
45
46% Pressed Steel Car
46Hi
83
84%
Do pref
85
205 205 Pullman Company...
208
3
8 Quicksilver Mining.
3Hj
3Hi
•8
10
Do pref.
*7Hi lOHi
1834 19 14
7334 74
•31Hi 33
-"
36
13
69 14
•80
13-'%
83
35
837,
18Hj 181-2
73Hj 7334
•82
•80 Hi
85
81
5
47,
56
36
13
56H2
37 H
13
691*
8II4
13Hj
697a
85
1438
20 Hz 21
6I34
62 Hz
33
83Hi
85 Hj
81
Republic Iron & Steei"
Do pref
Rubber Goods Mfg.
Do
pref
St. & iron
S loss-Sheffield
Do pref
5
Standard Rope <ft Twine..
56HzTenn. Coal, Iron & BR.
37 Texas Pacitio Laud Trust
13
69 14
81
14
1334
78
21'4
62 Hz
44 15
93 Hz
66
148
92%
Union Bair &
Do pref
28
Jan 8 ?187HzMayl3' 111 Jan ?150 Nor.
Jan 21 128 Hz Apr 20' 8934 Dec 99 '2 Nor
Mail4 8I4 Apr23l
Mar21 35 Apr22'
Jan 21 27HzMar25| 12 Hz Jan
Jan 19 83i4Apr 4 57%J'ne
24Hz Mar 9 31HzJan 3 30 J'ne
85 Apr 10 91 Hz Jan ft 8834 Sep
34 Jan 30 40 May 3 2479 Jan
5163 Jan 12 '<205 Mar2(; 5142 Mar
30 May 9 41%Marl5! 27H2J'ne
67 14 Mar 4 7734 Mar22 60HzJ'ne
518 Jan 24 26HzMay20i
6 Nov
31 Jan 24 651.2 May2l' 34'2 r;ec
7'>4May22.
3 J'ne
4H! Feb 4
19
67
8634
90(1
6'4 International Silver
36
40
70'4DeoJ
Jan 146 DeOi
44% Jan 81%DeOj
70Hz J'ne 85% Deo;
OHzMar 14 DeO'
16 Sep 27 De»
8 J'nej 13H!Deoi
44i2Sep 58 Hi Mar;
eiHzJ'iy
Marl9 136
Marl9 40i4Apr
25% NOY;
Deo'
72
Apr
Apr
Nor
191 Deo
49 Hz Apr
78 Hz Feb
3734
100
37
16i4Fel)j
60
Feto;
734
Jan
41
Feb 26 84
Mar29 92
Jan 2 95
Marl5
May
300
5,225
1,800
SHz Mar
49% Mar
19
6
7
4HzMar lOitJan
5^8 Feb 11
6979 Apr 16,
Jan 18 42
49 Oct 104 Feb
13H:J'ne 21»4T>eo
10 J'ne 25 Feb
Apr20^
Apr 12 18 Jan 4'
1,100 65 April 74% Jan 2 56i4Mav 7734 Feb
United States Express
35 }53 Jan 26 100 Apr 19 H5 Mar 559»4.Deo
Jan
United States Leather.
734 J'ne 19
734 May 9 16% Mav 1
42,220
Do pref
9,0S0 69 Hz May 9 79% Apr 16 65 J'ne 79i4Nor
Jan
United States Rubber.
JIv
44
11,31,'> ISHz Marll
21
34 Jan 2
Do pref
6,980 55 Apr 8 85 Jan 2i 74Hj Dec 10434 Jan
,.
United States Steel
154,60
24 May 9 55 Apr 30
Do pref
69 May 9 101 79 Apr 30
__. 104,08
Virjrinia-CarolJna Chem..
1,600 651-2 Apr 24 72 Mar30|
Do pref.
800 116 Apr20ll24H2Mar2S'
5130 Jan 11 5150 Apr2ii 120 J'nc:140 Deo
\
^y.^-_-''^'^''?°_*,9°:
Y
800 12
Paper..
• •-.
est'n
BROOKLYN
110
Manufactrs'. 285
MechanioslI 210
300
Mech
300
.
270
Merchants'.. 100
Nass.iu
350
Nat City
300
North Sidelf. 175
BedfordH...
225
Broad waylJ.. 250
<fc
Trai;
17th WardlJ. 105
200
Spraguo
2Gtli Wardli. 140
140
Uniou'I
WallaboutU 105
.
Trust Cos.
N. Y. CITY
Atlantic Tr.. 275
115
213
Union Tele'gphl 13.810 81
Central Tr'at 1950 2000
CitylTust... 410
Colonial
Continental
ibo" Farm Lo&Tr
Fifth .We Tr
Guaranty Tr
Knick 'rb'k'r
Manhattan ..
300
195 205
Bowl'gGreen 198 ......
Scherm'h'n
160
ClR'tyBATr t550
* Bid and asked prices; no sales were made on this day.
i Less than 100 shares.
t Sale at Stock Exchange or at auction this week.
1-20
People's^!
85
400
410
14,>i5
850
675
625
450
Mercantile.. 823
Mercliants'.. 320
Metropolitan 500
1525
;
1
Jan2lll00i4May 6
I
77'8J"nci 8SHzJan
Ask. Tmst Co*8
MortonTrust 1000 1300
BEOOKLYN S(d
N Y L I <fc 'l-r 1300
N YSecATr 9U0 IIIIj! Brooklyn Tr 4-20
F':;ttl.;i-h..
i .1'
North Amer. t2i»0
RealEstTr't 350
StiindardlVt 350
IT Co of Am. t'270 270't. ix.. ,_>>_. .... .'1
L IslL&Tr. 2.-.0
Union Tni.st tMOO
Mr.nnfnofrs. :;:N) 335"
USMtgJiTr 460
212
Unit States 1680
Washington. 320
)
'
1
U5
::::::
h
',
%
Ex rights.
1
187gj'ne 31 Hi Jan,
34HzJ'ne 56HjDeo,
85 J'ne 99 Nor
1
89 Sep 98HzJ*n«
72
Apr29 64 May 81 Jny
4,320 183 Hz Jan 10 234 Apr 10 120 Jan 200 Deo
2,000 45 Feb 16 05 May 2i 44 May 60 Nor,
100 9334 Mar 6 lOG May 2' 92 Dec 103 Nor
5,550 I8H1 MaylO 28 Mar22 14HiMar 2678 Nor
8,194 69 Jan 21 81 Mar25 58 Mar 75 Nor
13,100 547a Jan 2 99HzMayl8 24 J'ne 5534 Deo
3l4ATlg 1078 Jam
5'4 Feb 7 11 Jan 5|
1,900
100 33 Apr 25 3934Mar29
10'
Jan
22 42 Apr
Dec 2934 Deo
1,800 24 Is
"2's
1,150 74 Jan 24 84 Mar26 76 Dec 77HiI>eo
300 70 Jan 18 87 April, 65 May 80 Jan
95 Jan 21 100 Feb 28 96 Jan 100 Jan
"506 8'4 J.an28 22 Apr 16
1834 May
614 Jan
9,300 37 Jan 21 46 May 3i 23 J'ne 40 Hz Nor
92 Jan 2 99 ig May 14 79 Hz J'ne 96 Feb
82,620 15 Marl4 23H!May21 15 78 Aug 28I4 Feto
4,300 81 Mayl6 92 Jjin 2 83 Aug 106H»Fe'i»
200 40 Jan 7 50 Mar21 32I4 Oct 46 Nor
600 72 Hi Jan 3 84 Mar21 69 Hz Oct 76i4Nor
1,490 135 Mayl5 175 Apr2G 112 Sep 175 Nor
4,320 73 12 Feb 14 91 MiU-23|
1,400 30 Hz May 9 47'4Jan29 253^ j'''ne "57"' Nor
97,210 9534 J.'in21 119Hz Apr30 81% Oct lllHzApr
90 Hz Mar22 95 Apr 9 74 Jan 74 Jan
14,510 SO Mar 7 52 Jan 2 32 Hz Sep 58^4 Jan
300 72 Hz Mar 5 89 Apr29 7034 Sep 89 Hz Nor
854 195Hz Jan 21 217 Apr 1 176 J'ne 204 Deo
2HzMar
1'* Apr 22
434 May 8
2,200
Hz Aug
734001 lOisMar
7 M:ar20 11 May 8
834 J'ne 27 Hi Feb
3,300 1278 Jan 22 22 Hi Apr 2
2,700 55 14 Jan 21 82 Apr 1 49 Aug 7034 Feb
6,650 28 May 9 SSUMay 2'
475 80 May 9 90 May 2
2,000 I912 Feb 5 41 Hz Apr 2! 17HiOct 26 Nor
600 65 Hz Jan 22 8634 Apr 8 69 14 J'ne 71 Nor
1,300
23 Hi 23Hz International Paper
78 14 78%
Do pref
97 International Power
95
79
14734
i
1,750 73 Apr 17 8214 Marl9'
67,485 131Hz Jan 21 1.52 Aprl7! 95i4Mar 149 Deo,
800 117Hz Jan 3 124 Mar 7 107 Mar 118 J'ly
250 294 Jan 7 100 Apr 13 587 Sep 59812 Jan
151,390 99 May 9 134 May24 84 Hz J'ne 114% Deo,
600 137 Jan 2 147% May 4 128 May 140 Feb,
500 I314 Marl 5 2178 Jan 2 21'4Dec 22 Hz Deo'
650 70 Mar22 7678 Jan 2 70 Dec 7634 Deo
49,660 37 May 9 54 14 Apr 16 3779 J'ne 5478 Aprj
800 175 Jan 18 228 Aprl5 140 Jan 183 Deo
200
834 Jan 19 1434Marl9
6HzJ'ue 16% Jan:
6,550 4134 Jan 21 108HzApr30 29 14 -Sep 56HzDeo;
116 Marl9 142HiApr29 117 Oct 131H2Jan;
850 14 Jan 18 2078 Apr 2 llHzJ'ne 21 Apr;
168 Hz Feb 16 189 May 7 158 J'ne 1 83 Jan
12,870 187 Jan 18 238 Apr 15 tl64 Sep 201 Nor;
98,445 3834 Jan 4 6234M.1T24 21 Hz May 40i4Deo:
7,990 93 14 Jan 2 llOHzMaj-24 70 May 96 Kor^
25 Feb 20 27 78 Feb 15
222
66 H> 66 12 Glucose Sugar Refining.
24^4
8334
6
26
pref
10%J'ne 23% Deo
49 14 J'ne 7318D00
ISisJ'ne 26^4 Deo
45 '4 Mar 136>8JaB,
40,918
34,019
9,550
5,930 2278 May 3 2734 Maria'
7,850 3934 May 9 69 Apr 201
3,315 88 Feb 26 100 Jan 10
Do
7I4
Apr 19
Sep
3II4 J'ne
834 J'ne
May 9 '33 May 2:
81% Jan 21 99 Hz May 1
ll"* Jan 3 22^4 May 31
2334 Jan 4 45 Hz May 11
11% Jan 31 21%Mar29
45 May 9 6034,Mai-28l
24 May 9 38 Mar28! 21% J'ne 33 '8 Mar
14Hz Jan 21 24% Apr 29, 10 Sep 20=4 Apr;
38 Hi Jan 17 4934 Apr I7I 30 Sep 67 Apr-
'.145
73,520
100
83
Do pref
26 '2 Amfricau Car<fc Foundrj-
78
146% 148 '4
121 122
•96
99
126 12 134
145 145
15
15
73
78
77%
77 Hi 79 14
20 Hj
20«^ 2II4
•62
62Hi
61Hz
44 '8 4478
43%
43Hi 44«8
9234 93-%,
92 Hi 93%
92%
•66
67
67
67
67
66
'116 117
117
117 117
'140 14 7
•140
'140 147
146
92 14 93
92192
91Hj
92«s
77*4
22
64 '2
43 '4 44 H
9238 93 14
First
300
Kinp;s ColJ... 130
BROOKLYN
..
pref.
190 Adariis Kxpress
116 Hz
malKaniatcU Copper...
4834
78 Deo;
65 Deoi
18HzD«o;
2178J'ne 45HzDe«j
30% J'ne 4534 De«i
64
Mav 9 129H;.Tan 9
1034 FeiiK; 2.'.H,Ma»-22
28 May 9 39HzM»y22
6534 Jan 21 76% M»>-24i
147
Pacific Railway. 339,400 76
i
478
56>4
Ask 5th AveuueTI 100
300
575
TorkvllleTI.. 240
..
950
10,079
69,117
'2 Wabash
120,300
4218
Do pref
17 14 Wheeling & Lake Erie...
2,800
1,400
61Hz
Do 1st prof
30
1,000
Do 2(1 i)ref
20 Wisconsin Cent. v. tr. cts. 10,900
441
Do prtf. vot. tr. ctfs. 4,500
itfiHrellancoun.
•78
79
89 U 89 14
56
BKOOKLTN
Western
8th Ward1[
33,670
pref
i
8%J*ne 24i4l>eo
2IH1 Jan
110 117
22,60.'i
Highett
Jan 21 14HjFeb 9
5 May
878 Deo
Jau29 75 Apr 22! 38'4May 64HzDeol
Jan 4 34% Apr 22 11% J'ue 21 Hi Dee'
2<AMo 67 14 .Ian 21 88%May 1
44,200 23 14 Jan 3 52i4May 3
22
7
77,
Lowest
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Bid Ask Trust Co's Lid Ask Tmst Co'b Bid
Banks
ma Ask
Banks
Variokll..... 175
"WestSidell.. 600
BrookljTiTI
pref. v. tr. ctfs.
26 '8
80
80^8
Do i)ref
28 American Cotton Oil
J 28
•89 Hi 90 Hi
Do pref
'34
40 American District Teleg.
190 196 -Vmcricau Kxpress
37 '8 37 -e Anifrlcan Ice
73
73 Hi
Do pref
1934 21
American l.lnseed
89Hj 90Hz
•34
'^192
83
35
83
6978
1234
67
117
'140 146
»140
9334
92 Hj 9334
92
83
*30Hj 36
69 Hi 69 Hz
6278
115
117Hz
79'%
34Hj 35
82 Hi 82 Hz
•13
77
21
62
lOHz
7414 7434
•31Hj 33 Hz
73
32 14 S3 Hz
•80
83
3218 34
•80
84
13'8
76Hi 77=8
5,100
Philadelphia Co..
18\ 19
•80
2<1
Highest
Lowest
Jan 29 77 Hi May 7:
4 .50 Hi Apr 30
79 Jan 2 88 Mar 12
slioo 53 Is Jan 4 74HlApr30
2,110 16 May 9 39 Hz Apr 30,
3,200 41Hz Jan 3 68 Hz May 6
74,390 29 Mav 9 5 7 7, Apr 30
93,425 18 Jan 21 34% May \\
<Sfc
Do
Sange for Year 1901 Range for PrevloiuM
On basis of 100-share lots
Year (l'j(X)j
600 68
600 20
700 57
44
45
45
•83 Hi 85 Hz ?85
•202 209 *205
SHz
1314
TJnlonSqU..
36
40 '2
82
82
•83
84
•99 101
15Hi 16
43
45
•95 100
22
23
•85
88Hz
•43
44
76
76
3934
19
70
Banks
KKW YORK
cmr
•33
lOHz
1234
69
117
145
6781
18H»
•31
17 '4
•49
58
101
•8
6934
69
117
•140
93
"O
33
26
23
•77
1314
62 Hj 67
4334 45 14
9234 94 '4
67
67
117 117
'175
115
23 '4
3'8
2II4
3934
40 '8
18
74
48
218
1,100
7434 Kt. law.
Ailircndack...
45»4 .St. I,. <fc H. Vt. vot. tr. ctf«.
85
Do 1st \>TKt. V. tr. cl8.
08 14
1023
Week
Shares
tr. ctf8.
98 101 Hz
87 Hz 88',
2234
50
30 Hz
1234
62 '4
44^8 45 '4
93=8 9454
21%
222Hz 223 Hz 222
203
EXCUANGE
464
100Hzl03i4
8878
88
220»4 2223,
67 Hi 67^8
23
78
7434
4434
•81
67 Hz
33 14
62 Hi
4836
50
30
20
44
74
47
4778
218 •213
the
South weetern..
62 Hz
Do pref
47 Hz Southcru Pacific Co
2834 29 H Southern voting tr. ctfs..
30
29
8234
8169 83
82
Do pref. vot. tr. ctfu.
5
4734
45
4 '2
46 H> 'Pexas & Pacific
120 131 4120 120
-L hiril Avenue (N. Y.)...
2234 24Hz
2034 22 Hz ToL St. L. & W. V. tr. Ctfs.
3834
37
37
38
Do pref. vot. tr. clf».
7534 7534
76'8 76% Twin City liapld Transit.
4078
17Hi
13
«81
46
61
30 Hz
13
80
4434
Sales of
YOKK STOCK
13Hz
J. & O. I8l. V.
68 Hi 68'.^ St.Jjo iHtprcf. v.tr.ctfH.
28
28
Do 2(1 pret. v. tr. ctfs.
•83
85
68 '4 69 '4
3378 34 '4
63 Hz 63 H.
60
30
70
79
•68
«79
•12Hi
50
30
634
•8V, 10
19'4 1934
2^8
77«8
13Hi
69
28 'a 28 '8
75
75
1734
7918
79H2
98
99
97 Hz 99 Hi
•6
634
634
7
3334 3334 •32
•33
36
36
41
40"^ 4012
4138
40%. 41
•81
8139 82 Hz
82
82
»80
•82 Hz 84
83
84
•96 100
•97 100
•96 100
•10
•12
16
•12
16
16
4234 4338
42 14 43 '4
43
43H!
•95 100
•98Hi 99 Hz •99 '2 100
19 »a 22
2114 23 Hz
21 Hz 2314
84>4 88I4
8738 89
87
89Hz
•44'* 45
•43
45
43Hi 43Hz
•76
•75
77
76
77
77
•140 145
14434 14434
143 145
84
86
83 Hi 837,
82 Hj 83
86
34 14 35
36
34 Hz 36
^34114^ 11334 116'4 113Hi II514
100
•100 105
44^8
44
44Hi 44 H
•84
85Hz •83 Hj 85
86
13>4
6«l2
50'4
48
*213 218
•10
1034 1034 •lOHz 11
llHz
93
95
95 Hz
92
93Hz 9478
•132 139 •132 139 •132 139
18
18
I8H2 18Hz
17Ha 17Hz
•180 185 •180 188 •180 190
219 221Hz 219 22OI2 217 220Hz
55I4 56
5434 58Hz
65 Hi 50 14
108 108
107 108
108 108
89
94
NEW
Friday
May 24
17»8
177b)
'175 200
'175 200
*175 200
116»4 11634 113Hzll6Hz llOHz II5I4 114 11534
*6
7
7
•6H1
7
7
•29
•30
*30
33
33
33
2434 26S8
2434
a4Hj 25
25
24Hj
247h
79 '4 79'»4
SO
81
7934 79^8
79 "4 80
2634 2 7 Hz
2634 2634
*26'a 27 Hz
*8«
•89Hi 91
*8SHi 92
"34
'34
•34
40
*34
40
41
41
•190 198 *1'J0 108
191 ?193 •190 197
3738 37->K
37
3734
36Hi 36^8
37
377b
•71
72 '4
72
72
•7OH1 7212 *71
72
24 '8 20',
21 '8 26'2
25
26 Hz
21h 22
4734 51
51 Hz 55
47
63 H
50'.i 55 Hz
•5
•5
734
538
518
6
6
ohi
•22
2634
24
25
23
23
•23Hz 25
5434 55 H
67
65
66
67 Hz
55
67Hz
96
96 Hi 96 Hz
96
96
96Hz
96H2
96H!
•30
33
22 Hz
879^8 79^8
78
79 Hz 7934
7934 79^8
78Hz
146 I49I4 147'4l48-''4
148Hj150Hj 146 149
122'4l22i4
•120 123 *121 123 •121 123
•98 100
•98 100
99 ^2 99 H •98 100
12634 128
124Hz 12614 126 120
125Hzl27
•140 144
146 145
144 144
48
48 Hz
212 '4 216Hz
•10
12
94.H 96
•182 140
19
1914
•183 185
221 224 Hz
Thursday
May 23
STOCK.S
Do
200
22034 223
69
69
;;
Stock Record— Concluded— Page 2
1
BTOCKS-HIGHEST AND LOWEST SALE PRICES
Saturday
.
.
.
^ Banks marked with a paragraph
(fl)
are State baskOk
S
J
.
New York
Stock
Exchange— Bond
Eecord, Friday,
OCCUPYING FOUU
BONDS
Friday
May 2i
106^4
IO6I4
2s coiisol resistpre(l.fn93()
US coiisol coupon
VS cojisol s)iiaH..fni);;(i
VS 2s coiisol coup small. rtlSK^U
dl'.>;l(i
'2a
'J8
vi?H'
"US HsreKistercd
trs 38 coupon
/.-liUS
U
109
(^
fcl91ii;:<i
/ilOdTIi^
IS):
IJO
109%
1081a 110
113 '-J 114
113'-2ll4
138 138
111
109>a
Class B 5s
Class C 4s
..-
lOSUlOO's
no
l]:'\,May'01
114 Apr'dl
113
1
138^4
no
JJ
no
Currency funding 4s
Dist of Colurobia 3-65s....l924
Louisiana new consol 43.. 1914
Small
Missouri funding
1S941995
North Carolina consol 48.1910
inT„
110
109
113
96
97
of $0
b
109 1-2 Apr''01
105 Aug' 98
109
to
'-J
'4
£.
10812 1091-2
.
lOOUOct 00
*108H!.
103^2
19L»l)
1900
1920
n the
37 13 1381.2
13734 13958
Apr'Ol
96
112
114 4
11334 11514
138i2MaY-01
kese are pr ices
1900
.0512 1001-2
108^4 109H.
May'Ol
10334 109 \ 10934 May '0
.1904
4 to 5
---
Apr '01
138-.i 13S»4
Small
bmaii
Mny'Ol
109
109^8 Sale
138
H)2r<
I'JOl
Slate Sccnritics
A
IZiyh
10534 10534
109 ni-'e
15 10936 112
i^
Forri'tn Government
of Jlexico s f g 5s of 1899
class
No Low
1063.1 1061-2 Apr '01
100:'4 lOO'sltsy'Ol
S
Alabama
January 1
Jliyh
lOSi-jMar'Ol
-
102
103
125
108
125
109
105
105
i-j
.
125
107
Apr'Ol
Mav'Ol
125
108
.
.
109'-2Fc6'9'.i
100
Feb'Ol
105
.
Mar'OO
120
"90 '4'
90
Small
i35" Vseh.
isO'-iMai-'Oi
I'ii"'.
90-VMrtV'Ol
95
95
10
96
96
95
9
10
25
7
90
.
Virginia lund debt 2-3s... 1991
Eclj'Ol
'
9912
96
9034
Kejristi'reit
10
6s deferred certfs
Sale
la
1034
linilrond
Ky
Alabama Cent
laba AI idl
iSec So
iSec Sav Fla
& V,'
See Del & Hud
Allegheny Valley Sec i'v.uii Kit
Alleg & West See Butf K & I'
Ain Dock & Ini Sec Cent of N J
Ann Arbor 1st g 4s
/tl995
AtcU T c\i S Ee gen g 48... 1995
Keglstered
1995
Adjustment g 4s
/tl995
Albany & Susq
A-O
A-O
Nov
7(1995 Nov
/a995 Nov
Itegistered
Stamped
Equip tr series
Q-J
A g os...l902
MS
Atlanta <fe Yadk <S'ee South Ky
Austin & N Vv' See Sou Pacific
Creek & S See Jlich Cent
Eat
alt <fe Oliio prior 1 g 3 'us. 1925 J-J
Kegistered
/il92.") •i-J
/il948
7il94S
Kegistered
Subs
couv deb 4s
1* Jun <fe IM Div 1st g
A-O
1911
to
3 '•.iSl925 M-'ri
liegist ered
jj1925
l8tg3'-2S...1925
Kegistered
7il925
Monon Uiv 1st gu g 58. .1919
Ceu Ohio R 1st cg4'2S.. 1930
Beecii Creek See
YC&
BeUev <fc Car See Illinois Cent
Boone Bridge See Mo Jf & T
Bklyn & Montank See Long I
Bruiis <fe West See Sav El &
Bulialo
V <fc Erie See Erie
Buflalo R<& Pgen g 5s.. .1937
Debenture Gs
1947
All cS; West Istg 43 gu..l998
Cl<fe Mahlstgu g OS. ...1943
Koch <fe Pitts 1st g 6s. ..1921
Consol Ist g Os
1922
Buttalo <fe Southwest See Erie
SouthwDiv
N
H
96 ''2
"93"' Sale
115
107
108
10234 Sale
95
Sale
r^
96I4 Sale
i 0134
Sale
100 1021-2
108 Sale
88 14 Sale
90
Registered
1913
& No 1st 5s. 1 900
Con 1st <& col trnstg5s.. 1934
Registered
1931
OR I
\Vlstgu5s.l921
M & St L 1st gu g 7s.. ..1927
1908
Canada South Ist os
2d 5s
1913
Registered
1913
Carb & Shawn See 111 Cent
Carolina Cent Sec Seab <fe Roan
Carthage <fe Ad i'ceNYCcfclJ
Bur Cedar R
FAN
FA •111
114
108
97S8
951-2
951..
9014
95
Mai-01
95 la
1851
lei's 102
99
104 Mar'Ol
102
104
108 192 1100 la
88I4 45 8712
871a
90
Central Ohio
<fe
Ga
See Balti
&
105
104
110
9II4
148 8858 91%
May'OO
J'ue'99
II912 118
Isl
g
115
118
J-J
J-J
FA
J-D
103 A])r'97
13014 Feb'Ol
127
129
1321-)
129
129
130
10 129
13014
130
Nov'99
100
A-O
J-D 107
A-O 123
A-O
AO
May'Ol
107
123
1233h
113
117 Nov'OO
113 1-2 Dec -00
107 'i Sale
1071-2
106'i8lOSi4
11 1191a 127
la
J-D
J-J
MS
MS
92 14 Sale
981a.
1945 F-A
1945 M-N
1945 M-N
1st pret income g Ss... .7)1945 Oct
2d pref income g 58
/il945 Oct
3d pref income g 58
jil945 Oct
Mac& NorDivlstg8s.]940 J-J
Wid Ga& Atl Div5s....l947 JJ
Mobile Div 1st g 5s
1940 J-J
Cent of N J 1st consol Ts.. 1902 M-N
General gold 53
1987 J-J
Kegist ered
/il 987 y-j
Am Dock & Imp gu 5s.. 1921 J-J
.
103 It Sale
69
70
27 14 Sale
14
15
102
132
19 100'<B 1081a
2311071-2 111
... !l0034l08
"
No price Friday;
Apr 01
05
lot•01
1
no
Apr
ll<3
1 03
Nov '00
107 'a Apr •01
101
10212 101 la Feb 01
1041-2....
101 14 Apr 99
IOII4....
101 14 101-I4
108
1201a
108>a
103
10434 1071^
103
100
.
103
....
10534
Jan
i00Ssi024
10534 10534
'01
'(/J
91 1-8 May'Ol
92
92
85 la Sale
85
851-2
94
90
91
14
93
83
Iq
sola
108
101
IO9I4
10914
100i-2Apr'01
10434 Apr'OO
1001410213
IOII4
1031a 104
102 1-2 Mav'Ol
103 14 103 14
102 1021-1
103 la 104 «
lU'a
114
105
109
100 la
105
110
.
.
111
10818 109=8
Apr'Ol
114
109 3«
119
115 117
11014113
11234 112»4
137
123
122
hi
140
125
125
119
124
112
Sale
Sale
1131a
1141a
112
113
141i4l90'4
14 109 11234
121 1281*
113 115
109 14
Apr'Ol
109
121
115
lU
104 12 107
105
IIOI4 May'Ol
11234 Apr'Ol
lOOiaOct '00
194 Mny'Ol
M
May'Ol
I35I4I4O
115 127
138i4.A.pr'01
12234
12234
AugOO
115
123
11234 125
May'Ol
115
124
106''8
11334
113
117
124
124
112
117
AprOl
192 la Apr '01
172i8Apr'00
190 Jan '01
190 May'Ol
n538Blay'01
112
112
184
19213
11334
188 la 190
1821a 194
114iall538
42 112 II412
10512 Feb '98
119ial21
120iel20'e
118 ....
119 120
115iall7
W
Apr'Ol
121''8
Apr'Ol
118
May'Ol
llOHiSah
II7I4
110^8
188 Apr'Ol
llSigApr'Ol
noia May'Ol
125
127
118
117
119
118
1181a
118
1221-^
14138
107 ig
*106
12514 i'26ia
1101411013
I8514I88
117^8119
110i2ll0»8
117iflll9i3
117
119
May'Ol
II8I2 May'Ol
121i2Mar'01
140 May'Ol
11412
1091311013
1131211034
II412
108i4ll0i«
49 10738 10738
108 11034
10738
10738
11034 Apr'Ol
1 list's Aiir'Sl
117
Apr'Ol
11734
Feb '98
120
121ial22
13934 142 13
107 108
107 12 108
109 112
Apr'Ol
Nov'98
111 Oct '00
108i-2May'01
11714
n8iall93»
IO7I2 107^;
108 -Apr'Ol
112 Mar'Ol
107 Mar'OO
114
1073b Sale
118 119
119 12 122
115S8ll6>«
119
109
10712110
11918 121
12158 1223*
11734 May'Ol
1171a 1171a
110
103
10838 l(»«3a
110
117
Jan
'01
I2II2I2514
122 I22I3
Jan
'01
113
111
13434......
Mar'Ol
111
11114 Apr'OO
12018 Nov'OO
1371a May'Ol
I25I2
127
140
141
14334 Apr'Ol
14214
142
lOOSs
111
I30I4
I2914
10734 108
107 ig Feb'Ol
113 Apr'Ol
131
131
13212 MarOl
108
108
1211a 124
110
110
110
II9I4
May'Ol
il22
122
FA
.
121
11912 1191-2
11014 Mar'Ol
137'2J'ly'99
I2OI2 ATir'Ol
1101-2
llOia
I3418....
AO
Milw & Madison
11513119
11914122
'2
113
ISe'a 141 14
127
23 la 127 i-j
1
14334 14334
138=8 143
10719 107i«
113
113
99^8 Feb'Ol
13018 13m»
1321a 132 13
107 la
100 107^8
99^8 99^8
80 14 Aug'OO
97 Dec -00
11034 May'Ol
110121121a
1071-2
•-::'
84
113
111
no
May'Ol
'
Sale
13018 131
II4I4
no
108
I
Me.v'Ol
114=8
li4»8
131
108
103
no
Jan
115
Apr'Ol
ibo'
101
100i4Sale
IOOI4
9234 Sale
92 12
101
101
93
53.. 1934
latest bid
no
AO
...127
12 113
137
115
P M & O con O8...1',i30 J -D 141 la Sale 1411-2
138 12
Ch St P & Minn IstirOs 19181M-N 138
'.Chic
.-;:
Street
!
1945 A
J-J
Bk City 1st con 5s. 1916, 1941 J-J
Bk Q Co <fe S con gu g 5s. 1941 M-N
Bklyn Un El 1st g 4-5s. 19.-.0 F-A
Kings Co El 1st g 4s
194il F-A
Nassau Elec gu g 4s
1951 J-J
City & S Ry Bait 1st g 5s. 1922 J-D
JDeu Con Tr Co 1st g 5s... 193;; A-O
Den Tram Co con g Os.. 191(1 J-J
Met Ry Co Ist gu g 6s.. 1911 J-J
Louis Ry Co Istcbn g58.. 1930 J-J
Market St C Ry 1st g 6s.. 191 J-J
Alet St Ry gen col tr g 53. 1997 F-A
Bwayife 7th Avlstcg5s 194S J-D
Registered
194:; J-D
Col & 9th Av 1st gu g 5s. 1 993 M-S
Registered
199o M-S
104
103
1-2
Rnihvay
Brooklyn Rap Tr g 5s
Atl Av Bklyn inip g
106 "sale"
100
MS
ruISCELiLAKEOUS BONDS— Continued on Next
Street
1151-2117
1041a....
R&
1 st 6s. 1 90."i M-S
North lUinois 1st 5s.... 1910 MS
Ott C F & St Paul 1st 5s 1909 M-S
Winona & St Pet 2d 78.. 1907 M-N
Mil E S & West 1st. g Os 1921 M-N
Ext & Imp sfund g5s 1929 FA
92 14
Ashland Div 1st g Os..l92o MS
92 14
92
95
1924 J-J
Mich Div IstgOs
1907 FA
99
Convertible deb 5s
99
6 96 103 lo
1201-2 Mar'Ol
1911 M-N
Incomes
.-119 1201a
Chic Rock Isl & Pac 68. ..1917 J-J
1917 J-J
IO212 10315 SO 9714108
Registered
90 Oct '00
General gold 4s
.....1988 J-J
69 Mav'Ol .--! 00
731-2
Registered
1988 J-J
'4
80 'a
20
Des JI & Ft D 1st 43.. ..1905 J-J
45; 20
21-28
15
1905 J-J
15
1st
8
5,
191a
1905 J-J
Extension 4s
95 Dec '99
102 J'ue'99
Keokcfc DesMlst5s....l923 A-O
'00
100 Oct
Chic & St L 5ee.\tehT<feSaFe
108 Apr'Ol ... lOO^slOS
Chic St D & N O See 111 Cent
132
132^4 14 127 137i« Chic St Ii& Pitts AeePenuCo
10834 IO8I4 lOS'i
10034 Apr'Ol
F-A 119
Registered
Consol gold 58
Registered
108
llli-2Apr•01
II514II6H! n5isMav
vol
120 Sale 1191a 1220
3^
A-O
Ohio'
os.. 2^1945
118
102ial04
103
1131a
n
M-S 117
1031a
103
M
B of Ga col g 5s 1937 M-N
RR
Con ext guar 4 'aS
(yl910 Q-M
CentPacilic iee So Pacilic Co
Charles <fc Sav 1st g 7s
1036 J-J
dies & Ohio g 6s ser A..7tl908 A-O
Gold 6s
aion A-O
1st consol g 53
ii':'.'.i M-N
1'-'
iM N
Registered
General gold 4i-23
Isr.i'JJM-H
Regi.^^tered
1992 M-S
Craig Valley Istg 5s. ...1940 J-J
A Div l8t cou g48.. 1989 JJ
2d consol g4s
1989 J-J
Warm Spr Val 1st g5s..l941
Eliz Lex<fe n S gu g 5s.. 1902 M-S
Chic & Alt RR s fund 6s.. 1903 M-N
iJefundinir g 3s
1949 A-O
Registered
1949
XT S Trust Co receipts
A-O
MissRiv B Istsf g 03..1912 A-O
Jiailwai/ 1st lien 31-2S... 1950 J-J
Registered
1950 J-J
Chic Bur & Q consol 78.. .1903 J-J
Sinking fund 5s
1901 A O
Chic<& lowaDiv53
1905 FA
Denver Div 4s
1922 FA
llliiioi,s Div 31^8
1949 J-J
Registered
1949 J-J
Iowa Div sink fund 58. .1919
Sinking fund 48
1919 A-O
Nebraska E.xtension 48.1927 M-N
ResiistenHl
1927 M-N
Soulhwestern Div 4s
1921 M-SConvertible os
1903 M-S
Debenture 5s
1913 M-N
Han iVs St Jos consol 6s. .1911 M-S
Chlctt E lUlstsf Ciir6s.l907 J-D
Small
1907 J-D
1st oonaol g Os
1934 A O
General consol 1st 58
1937 M-N
Registered
1937 M-N
Clue €& Ind C Ry 1st 5s. 1930 J-J
Chicago <fe Erie See Erie
Chic Iu<& Louisv ref Os...l947 JJ
Refunding .gohl 5s
1947 J-J
Loui-sv N A <feChlstOs.l910 J-J
Chic Milwaukee & St Paul—
& StP lst7s $gRD.1902 J-J
lst7s £goldRD
1902 J-J
IstC &M7s
1903 J-J
Chic Mil & StP con 7s..] 005 J-J
Terminal gold 58
1914 J-J
General g 4s series A..el989 J-J
Registered
el 989
Generalg 3ias series B.el989
Registered
el 989 J-J
Chlc& I>KuDivg53....1921 J-J
ChicAIv. .;iv Div 58... 1926 J-J
ChiCcfe P;ic Dlv6s
1910 J-J
Chic<fc P
l8tg5s
1921 J-J
Dak* GtSog5s
1916 J.J
Far & Sou a.ssu g Os
1924 J-J
Hast& DDivlst7s
1910 J-J
l.stSs
1910 J-J
1908 J-J
I ct D Esten 1st 7s
Lacrosse & D 1st 5s. ...1919 J-J
Mineral PointDiv 58. ...1910 J-J
1910 J-J
So Minn Div IsttJs
Southwest Div 1st Os.... 1909 J-J
Wis& Minn Div g5s.... 1921 J-J
Mil & No 1st
L, 68....1910 J-D
1st consol 6s
1913 J-D
Chic <& N'west consol 7s. .1915
Gold 7s
1902
Registered
1902 J-D
Extension 48
1886-1920 F-A
R<-g!.-itered
1880-1920 F-A
General gold
1987 M-N
Registered
3Jl987 Q-E
Sinking fund 6s... 1879-1929
Registered
....1879-1929 A-O
Sinking fund 58. .1879-1929 A-O
Registere<l
.1879-1929 A O
1909 M-N
Debenture 5s...
Registered
.i;>09 M-N
Debenture 5s
1921 A-O
Registered
1921 A-O
19:;:; M-N
Siukina fund deb 5s
193:'. M-N
Registered
DesMo&Minn Ist7s..l907
r^
gsTg
111
111
M-S
V&N
of
108
Q-J
Ced R la
See B C R & N
Cen Branch U l'lstg43...1948 J-D
Cent
108
89 12
Sale
Sasqulst g5s..l913 A-O
Buftalo«fe
RR
96
W
N
Cen
96
95 101
102
1023.1 294 1 01 7g 10434
10234 Apr'Ol
102 10234
9434
95 14 60 8634 96^4
95 May'Ol
95
94
96I4
18 90
93
93
Sj
J-J
Chic & St Louis 1st 6s. .1915
Atl KDOX& Xorlstg5s..l94(; J-D
Atlanta & Daiiv See South Ky
Gold 4s
95
Jiange
m
AO
.....................
6s
1919
So Carolina 4 'os 20-40. .... 1933
Tenn now settlement 3s.. 1913
Week's
J^rice
Friday
Jiange or
STOCK EXCHANGE
Since
May 24
Last Sale wqcr January 1
Webk Ending May 24
Mid
Ask Low
Central of N 3— (Continued)
High
Low Jligh,
Le & Hud R gen gu g 53 1920 J-J
Leh & Wilks B Coal 5s. .1912 M-N
100 Mar'Ol
106 106
N. Y.
Since
i.i
38 rcK small bonds.. /illUhUi
trs 3s cou small bonds. .A1!)1«|(J
MtH)7|(j
V s 4s registered
us 4s coupon
us 4s registered
us 4s coupon
u s 53 registered
us 5s coupon
Ask Low
Bid
Government
U. S.
BONDS
Mange
Week's
Jianye or
J-ast Sale
Price
STOCK EXCHANGE
Wkek Ending May 21-
K. y.
Weekly and Yearly
l'A(iE.S
.110
95
5107
IIOI2
'99
Jue'OO
I'agc.
Met St Rv—CCo?if/)n<e<0
Le.xAv<&PFl3tgug5sI993 M-S 122
MS
115
FA
FA
l.-i
109
120
Mar'9S
122 119
122 12 1201a
120
1201.2
llOiaDcc'OO
122
and asked
123iaAi)r'01
this
week,
a
Due Jan
W
d Due Apr
e
Due May
g
134
Railway
1 903
Registered
5,!l00ial05i8 MetWS El (Chic) lstg4s. 1938
'IOII2.
MU El Ry & h 30-yr g 5s. 1920
61 98 1 02
Minn St Ry 1st con g 5s. .1919 J-J
103, 88 la 95
St Paul City Cab con g 5s. 1937 J-J
1937 J-J
Guaranteed gold 5s
1937 J-J
124
Third Ave 1st irold 53
2000 J-J 103 12 1041-2
1st Cdii guar
Union Kl (Cliie) 1st g 5s. .191." A-C
Chie St40-yrlstcur58.1928 M-N
40-year consol gold 53... 1930 M-N
54 II712 1221-2
Gas and Electric Light
12234
1 120
Atlanta G E Co Istg 5s... 19-17 J-D
Bos U (ias tr ctfs s f g 5s.llK?9 J-J
II2212I26
Bklvu U Gas 1st con g 5s. 1945] M-N 1151a Sale
111
I.34I4I42
I4OI3
1411a
1381a
Duej'ue
7i
Due
J'ly
fc
May'Ol
122
10134
...
98
10134
106 Oct '99
110 Apr'Ol
llli2Jan'01
101'*
i'lo" iio""
11112 1121-3
.
1231a 125
124 May'Ol
104 May'Ol
109 12 Dec '99
t)ue ^Vug
I2II2I23I3
104
105
nS
ll'.ti-j
'99"Dcc''97
91 39 Oct '98
1151-2
jj
11712
Due Nov
s
Option sale
4
May
Bond Record— Continued— Page
25, 1901.]
BONDS
STOCK KXCHANGE
WEEK K.NDIXG MAY 24
N. Y.
M
P
Clilc St
NorWiHcfnisii" 1st (;m...19:i<i J -J
8tP<fc auiiy ist K tiM.-.lOiit A-0
Chicago Ter Trims k 4h...1047 J-J
West r
Cliicfe
Geii(>ral
]
Kt s
t
K
(is.
.
liUll
ijl!i;{2
(.'old (is
M-N
Q-M
& West Midi Ky Gs. W. .f-D
A (i gen g 5s ...ollU't J-J
Cin H & P consol s f 78...10i)r, A-O
J-J
2<lKi)I(l 4I2S
CinD&I lat gUKr)H...li)41 M-N
C I St L & O fiee C C C & St L
See C C C 8t L
Cin H &
-S?e IJ 11 A P
Cl<iuli(!l<l & Jlah
Chic
.
1
1
Price
Week's
Friday
May 24
Range or
Choc Ok
!!';<''
general g 48.. 199;{ J-D
C(J(J<fcSt
Ciuri) Div Ist gold 48....1<J»f) J-J
& M Divlstg4».1091 J-J
Ciu
St I., Div 1st col trg4»..1990 M N
1991 M-N
Kegistered
Spr A Col Div 1st g 48. .1949
Val Uiv 1st g4H... 1940
con.sol (is. .1929 M-N
C I St 1- <fc
fcl93i; Q-F
lBtgol(14s
kW.H;
Kegistered
S <fe CI con 1 St g 58. 192H
1914 J-D
I consol 7s
1914 J-D
Consol ainlcl'und 78
General consol gold Os .19.'? 4 J-J
19:!1 J-J
Kegisl.Ted
I.
W
WW
JJ
cm
CO C&
.
O Ind & W 1st pf 5s...rfl9;JH
Peo & Kast 1st cou 48... 1940
1990
Income 4s
CI Imv ik Wli con 1st g 5m. 19;;;;
Clov ifc Marietta See Penn ItK
Clcv & Mahon Val g 58...193S
1 93H
Registered
Olev & Pitts See Penn Co
CollMidlaurt l8t g 3-48. ...1947
1947
1st gold 48
Colorado & Son Ist g4s... 1929
Coluni <fc (Jreenv See. So Ky
Col & Hock Val See Jlock Val
Apr
A-O
No
STOCK EXCHANGE Z'C
,0
Week Ending Mat 24
Ch JI & St P
See Pore Mar
P1aCf;n& Pen l.st g 5«...1918
1st land gr ext gold 5s.. 1930
1943
Consol gidd 5s
Fort St U D Co Istg4ia8.1941
Den C 1st g4-6s..l921
Ft
KioGr 1st g3-48. 1928
Ft
'
/ al Har & S A See 80 Pac Co
'
TalH&Hof 1882 l8t 58.1913
Ga<fc Ala Ry 1st pfg58... 1945
01946
Ist consol 58
fargo & 80
lint
104
99
102
101
1041a
Jan
'01
99
Apr'Ol
102I4
100
100
May'99
May'Ol
Nov'99
104
104
May'Ol
104
11534
1331a Sale
ilsiiMay'Oi
100
lOiia
iisiiai'isii
130
1361a
ISS^j 136 la Mar'Ol
134
136
1331a
95
60
95
64
111
96 Ki
67
8
176
8II9
87^4 Sale
100
451a 73
95
Sep '00
82'4
82
82
87
......
70
83
7
87^8 120
130
1301a
78
77
83
871a
tfe
Waco
See .M
78
121
130
120^4 Apr'Ol
1871-1901 A-O
101 36
1011^
Apr'Ol
1915 J-D '140
1st consol giiar 78
1915 J-D '140
KegiNtere<l
1st 6s. ..1921 J-J 136's
X-ack
1171-2 120
19Si
Coustriictiou 58
&
NY
W
140
Oct '98
1361a 136 4
FA
1181a
Tcnn & iniprove4s
192:J MN
SyrBing& N Y' Ist 7s.. 1906 AO 117
Del& Hud Ist Pa Div 78.1917 M-S 147
Kegistered
Suslstcongu78.190(i A-O
19Uli A-0
Registered
190G A-0
Gnar gold 68
1901) A-0
Kegi.stered
Eens
&
Saratoga 1st 78.1921
Kegistered
1921
Del Riv RK Bridge See Pa HR
cou
R
Grist
48.1936
I)env<fe
g
1936
Consol gold4'2S
Improvement gold 58. 1928
Rio Gr So gu See Rio Gr So
res Moi <fc Ft D See C R <fc I P
. .
DesM&Miun
See
Ch
<fc
Det<fe
1361a
1181a 119
1181a
'->
11778 11778
1451a 1471a
150
117
112iall2ia
15034 151
151 151
1121a Pel) '01
15034 May'Ol
M-N 160
M-N 160
Jan
151
150
117
J-J
J-J
J-D
10219
111
Ist lien g 48.1995
1995
GK)U143
Dul<& Iron Range Ist 58. .1937
1937
Kegistered
1016
2d 6s
DiURed W<fe S Ist g 5s... 1928
Dul 80 Shore & Atl g 5s..l93T
'01
IO2I2
111
100
108
107
111 la May'Ol
103 >4
111
112
N 106
J-D
J-D
A-O
A-O
J-J
J-J
J-J
EUz Lex & B San .See C & O
Elm Cort & No See L.eli N Y
Feb '01
111
1947 M-N
1919
MS
192;i
1920
1928
1920
Ist consol gold 7s
1920
Ist consol g Iiiud 7s
Erie Ist con g 4s prior.. 199C
Registered
1996
l8t consol geu Hen g 4s. .1996
1996
Registered
BiitrK Y<fe Eriel8t78..1916
gold Gs
Buir<fe S
1908
19(!s
Small
•
100
90
981-2
92
901a
91
12
116
LN
Kegistered
Cairo Bridge gold 48
1950
Regist ered
Louisville Div gold 3 laS. 1 95:!
195;;
Kegistered
1921
Midland DivregSs
St Louis Div gold 88.. ..1951
1951
Registered
Golrt3ia8
1951
1951
Registered
Spring Div Ist g3i3S... 1951
1951
Kegistered
Western Lines 1st g 48. .1951
1951
Kegistered
121
119 '.J 122
114Hj
120 123
M-S
A-O
J-D
M-S 140
M-S *132
J-J
J-J
J-J
J-J
'
SmaU
194G M-N
MidRRofNJlstg6s.l910 A-0
J-J
FA
PiO^B-'^pr'Ol
116
12;!34
1061-2
»-j
140
1
1921
Iowa Central
Kal A& &
RR
Apr'Ol
Mar'Ol
.Vpr'99
MttV'Ol
106 4
106
A-O
104
104'^
104 "e
ib4«bi06^
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I
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121
121
105 Apr'Ol
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121
121
121
109
115i-2May'01
110
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94
105
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..
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111
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94
100
100
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1194
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cfe Mo Pav
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Gold OS
1937
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1940
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1940
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118
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102
102
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94
102
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NO AM
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103
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123
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108
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110
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103
103 105
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974101
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MS
1174119
109 1114 110
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Q-J
115
115
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105
113
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-D
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120
120
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103
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J
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J-J
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112
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95
110
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lOl^s-.--
116
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95
110
119
130
money g
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106
116
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Jan '01
130
130
'00
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1948|j-D
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couv g 58. .1910 M-S 10738 109 108
48...1949f
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8!'
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104
124
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Isl cou gold Gs
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Registered
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1943 A-O
1947 .MS
1947|M-S
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Con G Coof Ch 1st gug5s.'36 J-D
Eq G <t F Ch 1st gii g (Is. lOOol J - J
Mu Fuel Gas 1st gu g5s.l947;M-N
Trenton O <fc El 1st g 5«..1949 M-S
Utica E L & P Ist s f g 59. 19.'>0 J -J
Western Gas Co col trg 5s 1033,
lOti
10841114111
106
104
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110
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il-
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126
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126
.
111
110
1044Apr'01
105
109
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MX
Duo May
Dec
1204
113
111
2b 9934 103
1
on Next Page.
111 Ist
1st consol gold 5s
e
10 112
112»4 Apr'Ol
9934
994
994 Sale
and Electric Liglit
<& P g 5s... 1948 J-D 113
Paterson
EdEIll SeeN YG<fcELH<fcl
110
....
MayOl
1931 M-N
CoUtriist5-20g4<. 1903-1918
Branch 78
1907
E H ife Nash 1st g 68
1919
LCin& Lexgoid4iaS...1931
111
I'urchaso
10134
124'.
1191a
103
104
100
99
95
.104
MS
gold 412S
Kegistered
101
100
6 121
6 117
I-a
tisiH
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72 »«
111
111
Mar'Ol
112 JHv'OO
109 4 Oct 99
-
NYGELH
Detroit City Gas g 58
1923 J-J
DetGas Co con Ist g 5s. ..1918
Ed El 111 Bkn See K Co E L & P
May'Ol
1104 May'Ol
-is
N YB&M Blstcong6sl935
N Y'<fc R B 1st g5s
1927
I231..I24I4
21 108
122
110
1938 J-D
1922
1932 JD
Unified gold 4s
1949 M-S
Debenture gold 5s
1934 J -D
Bklyn<fc Mont l8tg68..1911
Feny
Gold
125
A-O
7tl931 Q-J
Coll trust gold 58
Feb'Ol
108
94
106
;
J.J
Long Dock See ICrie
Long Island Lst cong5s./il931 Q-J
1067b
122
120
67
11
69
03i<Oct '00
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Ist 5s
1151a..
:
& Hud R See Cent of N J
& Wilkesb
Cent of N J
Leroy & Caney Val See Mo P
140
69
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.
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121
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See So
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Leh
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69
N
L&
CR
1
nnil Electric liigiit
Mut Fuel Gas Co See I'eop Gas
^ • No price Friday; latest bid and
iSee
6'ee
82 14 90
140 1431a
135141351a
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Columbus Gas 1st g 58
1032 J-J
Cou Gas Co See P G & C Co
LncQasLofStLlstg5s.el919
102ial08
OSiaNov'OO
99 >9 Jan '00
1051a Sale
Kan
MISCELLANEOUS BONDS—Continuoil
GcnElecCodeb g 5s
192
Gr RapG LCo Ist g 5s.. .191
K CMoGasCo 1st g 6s. ..1922
Kings Co El L APg53...19:i7
P urcliase money Os
1997
Ed El II Bkn 1st Con g48 1939
7612111
67
88^
j.j
J.J
1st gold 58. .1938 J -D
See Erie
Jefferson
S
G R See L S
an
Mich See Tol <fe O C
951a OO's
115
116
1949 FA 1051a Sale
Terminal 1st gold 58... 1943 M-N 113
Regis $5,000 each... 194;-; M-N
Wilkcfe Ealstgng5s.l942 J-D Ill
Erie & Pitts See Penn Co
Eureka Springs Ist g Gs..l93;-i FA
Ev & T H 1st consol G.S...1921 J-J
Ist general gold 5s
1942 A-0 108 Sale
iltX'ernon Ist gold Gs..l92;! A-0
Sull Co Branch 1st g 58.1930 A-0 lOOia.
Bv<Si lud 1st con gng6s..l92G J-J
Has
102 la Jan '01
106 Dec'98
.
2d gold 5s
1941
North Ohio 1st gu g 58. .1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coU g 5. .1997
Registered 5s
1997
LehVal N Y'lst gug4i-2S.1940
Registered
1940
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Kegistered
i 941
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Registered
193;!
Leh <fc N Y Ist guar g 4s. .1945
Registered
1945
E1C& N 1st gist pf 68.1914
Gold guar 5s
1914
liaiollOiB
12078 121
116 118
1233j 124
'01
9314Mbv'99
87
89 329
104111
<fe
Jan
"88 i^ Sale
135
Ill
121
W 1st ret 5a. 1937
193
88^2
081a
Kentucky Cent
Keok <fc Des Mo
9134
116
112iall2i-2
35 14 May'Ol
9710
98»i 173
RR 1st gii g 58. ...al909 XO
consol g 68..1935 A-O
RR Ist cnr gu Gs. 192 M-N
Coal
Dock& Imp l8tciir68..1913 J-J
N Y & Green L gu g 58.1946 M-N
2d gold 4'os
General gold 53
257
43
111
9018 Sale
85
110
112
98 14 Sale
Long Dock
MN
11 8 la
142
136
Jeff
K Y Bus &
105
109
88
Mar'98
Sale
Sale
F-A ii2"
F-A
1923 J.D
Bellev* Car 1st 6s
Carb&Shaw Ist g 48. ..1932 M-S
ChicStL&NO g 6s. ..1951 j -D 127
1951 j-D
Registered
1951 j-D "99u!
Gold3iaS
Registered
1951 j-D
Memph Div Ist g4s...l951 j-d
1951 j-d
Registered
St L Son 1st ga g 48.. ..193) MS 102
1935 j.j IO5I4
Ind Dec A Wist g 58
1935 j.j IO6I4
Ist guar gold 5s
Sal"
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1909 .M-S
99 100
2d gold 6s
J
112 la Apr'Ol
110
1351a 140
Erie 1st gold 5s. .198--
Sep '00
J-J
J-J
Iak6Erie<feWl8tg5s..l937 J-J
02 14 Feb '98
113 la May'Ol
113
<fc
100
M-S
M-S
104" ibi'J
104
A-O 103 4105 104
10434 Jan '99
A-O
1024104'
1024 1027, 18 i'02"' i08**
M-N
195:i M.N
98 Jan '00
1950 J-D 113
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J-D
C^ilo
gu g
City Sou 1st gold 3s. .1950 A-O
Kegistered
1 950 A-0
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NoVOO
May'Ol
115
J-J
J-J
W
109
88
10334 111
<fc
4tb ext g(dd 5s
5tli ext gold 48
J-D
111
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iVI
|?astof Minn A'e«StPM<fe3I
Ten Va & Ga See So Ky
Elgin Jol<fc East Ist g 58.1941 M-N
2dextgold5s
3dextgold4i23
103
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r'iaat
Erie Ist ext gold 48
High No Low Sigh
,Vee
3d gold 48
102>2Salo
110
110
NW
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Mack
11538.
108
J-J
J-J
J-J
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A-O
W
89*8
V.i6
Oct '00
11778 May'Ol
1471a May'Ol
150 Feb '01
117 Feb '01
122 J'ne'99
112 Dec '00
10:5
1917 M-S
A1U&
J01-''8
140
140
Since
W
87 V.
1203412312
13912I4O
101 la 104 1«
140 1401a
Range
January X
N
K&T
78. ..1907 .M-S
7s... 191 M-N
J-
J-J
5s. .1929
So Ry
Gila V G <fc Nor *ee So P!U5 Co
Gonv & Osv/egat See Y Cent
Grand Rap & Ind .S'ce Penn Co
Gray's Pt Terni See St L S
Gt Nor— (; B & Ci coU tr4H 1921
& St Jo See G B & Q
ousatonlc ^ee N Y N H & H
Hock Val I8tcon8olg4ia8.1999
1999
Registered
(;ol& H V 1st ext g48.. 1918
Tex See So I'ac
Honst E <fe
1 1 oust & 'J'ex Cen iS'ee So Pac ( U)
Illinois Central l8tg48..1951
I Registered
1951
1951
Isf gold 3I2S
1951
Kegistered
1951
iBt gold 3s8terUng
1951
Registered
]9.".2
CoU Trust gold 48
1952
Registered
O & Tex gold 48.... 1953
1st
Georgia Pacilic
W
alias
i.
Range or
Ask Low
Bid
W&
W&
Col Conn & Term Sec N &
Conn & Pas Kivs I8tg4s.l94;i A-O
Dak & Gt So See V M & St P
Del hack & Western
Morris <fe Essex Ist
Week's
Last Sale
Han
13312
96
65
82
09
081410414
102 1053s
1021.1
99
100
83
136
10514
Price
Priday
May 24
^ee
& Pere M
Ga Oar & No
104 Sale
09
99
102 '4 Sale
1301a Mar'Ol
FA
JTigh
'-2
J-J
Q-J
J.J
J-J
Lov>
1025
2
N. T.
;S'ince
K.'7Mjanuary 1
Higli
;
BONDS
Range
,
(J-J
A-0
.•s
140 Mar'Ol .... 140 140
l:iOi2Apr'01
128
130 1311a
94 12 Sale
110 92
93^8
94
08
100 Oct '99
105
119
Mar'Ol
n8iall934
118^8
100 Oct '99
103 Jan '00
115 Dec '00
111
113 Oct '00
113"
113
113
113 115
1
MS
S~
Last Sale
Ask Low
Bid
0—(C(mtlmi4dj
<fe
Jj
D
1
I
1074 Jan
Due Oct
5
(H'....!
Due Deo
«
10719 1<'T««
Option sale
—
—
1026
BOild
7
BeCOrd— Continued— Page
[Vol. LXXII.
3
ml
BONDS
K. T. STOCK EXCHANGE
'Week Endino
i
'liOnisvcft jSTashv
N O & M 2<l KOld
Mat
I'rlee
May 34
24
Ask Low
Hid
(Contimied}
1930 J-J
Gs
Week's
Range or
Last Sale
Biyh
119i2Mayol
115 Dec '00
llOHj.
MS
Mb
MS
*110
Pensacola Div gol<lt>3...19'20
124
St L Div 1st gold Ga
1021
2ilgoW 3s
IDSO
Kentucky Cent koW 48. .1987 J-J 100 »8.
.
& Ala con ifu k 68.. 1931! F-A
1910 A-O
Sink fund voltlGs
Xi & Jeff Edge Co gn g 48. .1946 MS
lliNA&Cll 5c«CI<fcL
Tkj\ ahon Coal Seal.S&MS
112
vJ-U-anliattau Rycousol4s.l990 A-O
1990 A-0
Keiristered
Metropol Kl l8t g C3....190S J-J
Colouiz g 53. ...1934
IManS
104^
Is'
113
January 1
A'o
Low
100
ITigh
119iall9'i
1261412614
9634 100
IIOI2II2
112 112
IIII2II3
110 112 12
Apr '01
112iaMay'01
97
!
Since
I"
126'4Jan'01
631-2 Oct '00
100 May'Ol
llOiaMar'Ol
112 Jan '01
.
L*N&:»r<fcMlstK4'a8l045 M-S
N Pla <ft S 1st su K 5S...1937 F-A 112
Pens & Atl 1st mi g 68..19'21 F-A 113
S
Eange
100
Mar'Ol
100
•
W& U V
N
Y Cent
See
rMetiopcjlitan El See Man Ky
iMexCeut consol gold 48. .1911
Ist consol income g 38. a 1939
2<1 conaoJ income c 3s.. a 1939
1917
Equip <S> coll sold OS
2d scries gold 6s
1919
Mexintematlstcon g 43.1977
j.McK'pt
Mex Xat 1st gold(>s
A
JD
T-J
83 »a
SI
21
84 Hi Sale
33 4 Sale
22 Sale
J'ly
J'lv
104%
105i4Mfty01
116^
116
lie's
84'4 93
3414 17-1'2
22^4 993
SOHi 86 H;
26
13
34 12
233g
A-O
A-O
M-S
87
86 ^!
87 >2 Sale
103i8Apr'{
100
86 Apr'(
82
13i4J'ly't
23
105 May'C
1927 J-D
stmi)d../il917 M-S
2d income gold 68 B.../tl917 Ana;
Me.\ XorUi Ist gold 6s.. -.1910 J-D
2d.iuc Os
IO412
Sale
IO4I4IO6I2
IO514IO514
115 1171-2
ci)
41
821* 87>2
861a 86
1910 J-D
Registered
Mich Cent <Se«NYCent
Mid
NJ
Set Erie
1> S <&
See Cliic &
<fe Mad
See Chic <fe
& NorOi See Ch & St P
<fc St P
ffe St P
See CU
Minn & St I^ Ist gold 78.. 1927 J-D
1909 J-D
Io\ra Ex 1st gold 78
Pacific Ex 1st gold 6s ..1921 A-O
MU
MU
MU
MU
I
of
W
M
M
NW
NW
I47I2I4712
I2II2I2212
I2312I2312
I2212I2212
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97 IO412
147>2Feb'01
I2212
121
125
I2212
MS
Minn & St L gu See B C R & N
M P Ist 5s stpd 4s int gu 1936 J-J
I
<fe
:
MSSMt&Alstg4 Int gu 1926
M StP & S S M con g 4 int gu '3S
Minn Un See St P M &U
Mo Kan & Tex 1st g 48. ..1990
!
103 Hj Apr '01
98 Apr'Ol
J-J
J-J
98I4
98''8 Sale
J-D
81^4 82J.2 82
srl990 P-A
1944 M-N 100 103 100
2d gold 4s
Ist ext gold 5s
Boonev Bdg Co gu g 7s. 1906 M-N
& Wa 1st gu g 5s. ..1940 M-N
MK&TofTlstgug5s.l942 M-S
SherSh&Solstgug6a.l943 J-D
Kan C <& Pac 1st g 4S...1990 P-A
Tebo <fe Neosho 1st 7s... 1903 J-D
1942 A-O
Mo K & E 1st gu g 53
1906 M-N
Missouri Pacific 3d 7s
1920 M-N
1st consol goldOs
Tmst gold OS stamped.al917 M-S
Registered
al917 M-S
Dal
104
102
98
223
8212 28
27
103
10038Nov'99
100 Mar'Ol
10'<34 18
Sale 103
105^8 Apr'Ol
90 Apr'Ol
99
,
1920 PA 105
1920 P-A
r.eroy&CVALlstg58l926 J-J
Pac R of Mo 1st ex g 4s.l938 F-A 106 lOe^a
2d extended gold 5s. ..1938 J-J 110
StL&IrM gen oongSs. 1931 A-O 11538 Sale
Gen con stamp gt-dg 53 1931 A-O
"Unified & re£ gold 4s.. 1929 J-J
93% Sale
lieeistered
1929 J-J
Verdi V 1 t&
1st g 5s. 1926 M-S
Miss Riv Bridge See Chic & Alt
Mob&Birmpriorlieng53l945 J-J 108
Mortgage gold 4s
1945 J-J
:MobJack<feKG Istg 58.1946 J-D
Mob & Oliio new gold 6s.. 1927 J-D 129 135
1st extension gold 6s.. ftl927 Q-J 126
94>3 96
1938
G eneral gold 43
J PMorgp.n <fe Co ctfs
MontgomDiv Istg 5s. .1947 F-A 110
St L <fc Cairo gu g 43.. ..1931 J-J
10579
106
103 13
98
96"4
99 12
75
97
a3i2
106
99
9^
100
106
9934 105^8
8712 91
107 IIOI4
II412II7
119121251a
100 12 108
log's Sale 109>« IO918
11634 Apr'Ol
111
12154 Sale I2II4 I2II2
105 >3 Sale 105
106
1st coU gold 58
15 103
107
100
100
Registered
,
100
May'Ol
107 14 Deo '00
115 Mar'Ol
113 115
114^9 11538 89 114 119
11434 Apr'Ol
11412115
9234
93 'a i53 8414 96I4
W
;
I
'
MS
•
Mohawk & Mai SeeNYC&H
Monongaliela Riv See B
O
Mont Cent See St P M M
T See S P Co
Morgan's La
Morris & Essex See Del L \V
i
131i2Apr'01
130 Jan '01
95
95
9512 May'Ol
llO^aApr'Ol
127iiil32
130
871a
130
96%
94 12 96
110 11634
100 IOII2
101^2 Apr '01
cfe
TVT ash Chat c& StLlst7s.l913
J.^ 1st consol gold 5s
1928
Jasper Branch 1st g 6s.. 1923
& Al 1st 6S..191
Branch 1st 6s. ...1917
Nash Elor <fe Shef See L &
;
McM M W
T&P
'
N
12834.-.
J-J
129
A-O 113131141-2 113>2
120
116
J-J
J-J
J-J
....
....
129
11334
113
Dec'99
111
Dec'99
3
128
16 111
129
116
R WcS:Oconlstext58.hl922 A-O
08we & R 2d gn g 68...el915 P-A
R W<fe O T R 1st gu g 5S.1918 M-N
Utica
Elk Riv gug4s.l922 J-J
N Y Chic <& St L 1st g 4S.1937 A-O
Registered
1937 A-O
N Y & Crreenw Lake See Erie
N Y Har See N Y C Hud
N Y Lack W See D L & W
<fe
<fe
4s. 1903
Convert dob certs $1,000
Small certs $100
Housatonic R con g 5s..l93'7
H <fe Derby con g 63.. 1918
Y & N E 1st 78
1905
1st 6s
1905
N
N
109
146% 146%
10 102 »a 106%
103
103 14 Mar'Ol
102ial<)Si4
llSiaApr'Ol
118iall9
13034 Apr'Ol
127%130\
127i2Nov'00
110 Mar'Ol
110 110
106i2Nov'00
1021a
11573 May'OO
120
.
112
113
Apr '99
107>a
110
108
...
10634 107
Oct '00
May'Ol
Apr'Ol
102
200
195
136
114
110
.
121 12919
125'8l28'4
I26I2
1261a
110
'
122iaMay'01
1261a.
.200
.200
A-O
M-N 132
M-N 117
J-J
J-J
Improvem't& extg6s..l934 F-A
New River Istg 6s
1932 A-O
N & Ry Ist con g 4s. 1996 A-O
Registered
1996 A-O
C C c& T 1st gu g 6s
1922 J-J
ScioV&NElstgng4s 1989 M-N
106
107
109 >«
107
May'Ol
Peb'Ol
Mar'Ol
102
196
195
134
200
197
136
Jan '00
Apr'Ol
110
110
63 104
105
101i3Nov'98
108
Feb '01
104
WW
ISiasApr'Ol
130
101
98
W
North Illinois See Chi & N
North Ohio See L Erie &
Northern Pacific
Prior lien ry <fc 1 gr g 4s. 1997
Registered
1997
General lien gold 3s
a2047
Registered
a2047
gen g
6s. ...1923
{£ie
10034 101 ig
9738J'ly'00
IIOI4II2I9
136
131 1331s
131 1331*
87 991a 104
105 14 Sale 105
103 10512 105
Q-J
Q-J
Q-P
Q-P
7112 Sale
711a
1031a
105141 55 IO4I4IO6
Apr'Ol
72
484
70% Dec'OO
1041a 105i
691a 7S^
'i
1311a Feb '01
132 J'ly'99
1221a Feb'Ol
F-A 129
I2II2
112
J-D 100
88
116
122ial22i«
llliall?
102 103
112 Apr'Ol
102 Feb'Ol
8834May'00
II713 117i4Maj'01
114
104
Nor Wis See St P M & O
Nor & Mont See N Y Cent
See C C C & St D
OInd <fe
hio River RR Ist g 58.1936 J-D
General gold 5s
1937 A-O
Om&StL Istg 4s
1901 J-J
Ore & Cal See So Pac Co
1311a 131 »a
100
115iall7^
Feb'Ol
Dec'OO
112
95
75
Apr '00
110
111
112
113
108
111
102
106
Ore Ry & Nav See Un Pac
Ore RR & Nav See Un Pao
Ore Short Line See Un Pac
cfe
NYC
NW
.110
Mo Pac
Panama Ist s fund g4i-2S.. 1917 A-O
,10514 102 May'Ol
Sink fund subsidy g 6s. .1910 M-N
101 Dec'OO
Penn Co gu 1st g 4128
108
1921 J-J 11334 115 1141a II412
6 1061a 108
Registered
113 Apr'Ol
107'8 107 '8 30 107 1077s
1921 J-J
IIOI4 110 '4 10 109 11034
102 Nov'98
Guar 3 las coll trust reg.1937 M-S
109i2lOyi2
122iaApr'01
L
&
P
1st
con
109>2 109 H 50
C St
g 68.1932 A-O 121
104'^106i2
IO5I4 105 4
Registered
1932 A-O
IO5I4 105-I4
121 Oct '00
105 10634
C1& Pgengug4iasserA.'42 J-J 1221a.
'97
109 12 Sep''
Series B
1942 A-O I2II4.
103i«Apr''01
102i4l04''8
Series C 312S
1948 M-N
102i4Jan''01
Series D Si^s
IO214IO214
1950 F-A
'01
Erie & Pitts gu g 3 I2SB. 1940 J-J
103 Sg Apr'
102 Nov'OO
103 10338
:'99
Series C
10234 Aug'c
1940 J-J
1.
gug4i2S
Edge
LakeShorecoUg3i2S...1998 F-A 96^2 Sale 95 12
gen
N&C
1945
J-J
95
Ill
96
99
Registered
1998 F-A
94
95
94^2 May'
?'oi
P C C <fe St L con gu g 4iaS—
941a 97 12
Series A
9712
1940 A-O
Mich Cent coll gSitjs.... 1998 F-A 94^2 Sale 94
118 Mar'Ol
94
94
•01
Series B guar
Registered
1998 FA
1942 A-O
96 Mar'.^
.115 115 Apr'Ol
96
97
II6I2 Feb'Ol
guar
M-N
Series
G
1942
Beech Creek 1st gug 4s. 1936 J-J 112
Ill Mar'Ol
111 11218
Registered
1936 J-J
Series D 4s guar
1946 M-N
109 Apr'OO
106 J'ne'98
2dgugold5s
Series E 312 guar g....l949 F-A
9612
1936 J-J 118
97 May'Ol
I36I4 Apr'Ol
Pitts Ft
C 1st 7s.. .1912 J-J
CaTt«fc Adlstgng4s...l981 J-D
I36I4
Coal
Corp—
Bitum
2d7s
1912
J-J
Apr'Ol
Clearfield
l8tsfintgng4sserA 1940 J-J
3d 78
?tl912 A-O i28" I3212II3O Apr'Ol
95 J'ly'98
J-J 108 Sale
J-J 107^8
1997 J-J '110 11052
Gold mortgage 3^23
Registered
1997 J-J
Debenture 5s of.. .1884-1904 M-S 105»4Sale
Registered
1SS4-1904 M-S 105'4
Regist deb 5s of.. .1889-1904 M-S
Debenture g 48.. ..1890-1905 J-D 103 14
1890-1905 J-D IOII4
Registered
1905 M-X IOII4
Debt certs ext g 4s
Registered
1906 M-N 10114
102
"i 132
107 Nov'OO
1071a
*101ia 102 12 102 14 102 12 "5 102
Registered certilic's..l923 Q-F
St Paul & Dul 1st 5s
1931 P-A
2d 5s
1917 A-O
iBt consol gold 4s
1968
Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6s.. 1933
Nor Ry Cal See So Pac
llOia May'Ol
132
132
I3014 133 la 133 la Apr'Ol
St P See C <fe
Coast Co Istg 5s.. ..1946 J-D
<&
108
11414
iis^
113
1141a
1221a 126%
'
i
•
'
iif* ii7«5
Dec'OO
146% Apr'Ol
<fe
Oswego
HR 1st 7s.. .1903
Cent
NYRegistered
1903
/
117
130
'ISO
<fe
See
i,
Sale
N Y & North See N Y C A H
N Y O W ref 1st g 4s..nrl992 M-S
.105
Regis $6,000 only
crl992 M-S
N Y & Put See N Y C H
N Y & R B See Long Island
NYS&W
See Erie
N Y Tex & M See So Pac Co
Nor & South 1st g5s
1941 M-N 110>a
Norf & West gen g 68
1931 M-N *132ia
Pao
ao of ilissoiiri
1
109i8lllA»
,
[
i
UOialll
llOiaMar-OO
11788 May'Ol
<fe
<fe
See
:
9 113i8ll6»«
14 112i2ll5H
11034 110\
130
lOlis
NYLE&W
See Erie
NY&NE
SeeNYNH&H
N Y N H Har 1st reg
J-D
Rome
.
128
143
132
128
103
N
N
OGF&
[KJJnnoRR See NY Cent
New & Cin Edge See Penn Co
N E prior lien g 6s j>1915 A-O
N O &Bkln
& Man Bch See L I
NY
1
116
MN
jNewH&D SeeNYNH&H
I
Sale 11334 114
11234
114
114
IIII4
110=4 Mar'Ol
10734
111 May'Ol
llOig 111 IIOI2 110*2
W
cfe
!
Registered
2361 J-J
Lake Shore consol 2d 7s. 1903 J-D
Registered
1903 J-D
GoldSias
1997 J-D
Registered
1997 J-D
Det Mon & Tol Ist 7s. 1906 P-A
KaAAGRlstguc58.1938 J-J
Mahon C'l RR Ist 5s. .1934 J-J
Pitts McK<ftYl8tgu 6s. 1932 J-J
2d guar 6s
1934 J-J
McKeescfc B Vl8tg6s 1918 J-J
Mich Cent 1st consol 78.1902
1st consol 5s
1902 M-N
1909 M-S
68
5s
..1931 M-S
Registered
1931
1940 ?:?
48
Registered
1940 J-J
Bat C & stur 1st gu g3s. 1989 J-D
Y A Harlem g 3 "as... 2000 M-N
Registered
2000 M-N
Y <fe North Ist g 58. ..1927 A-O
StP&NP
<fe
i
<$!
CB&QooUtr4s SeeGtNor
llO^iJ'ly'OO
TTeefc'*
NortS: Mont 1st gag 58.1916 A-O
West Shore Ist 4s gu... 2361 J-J 114
St PaiU-DiU Div g 48.... 1996 J-D
Registered
1996 J-D
<fc
I
Price
STOCK EXCHANGE St Friday
Range or Is
Since
May 24
Last Sale
Tanvary 1
Week Ending May 24
N Y Cent & H 'R~( Continued)
BiA
Ask Low High No Low JIi4itb
Gouv<fcOswel8tgug5s 1942 J-D
Moh & Mai 1st gu g 48. .1991 MS
107i2J'ly'00
T^]
Income 5s
1 992 Sep
??*!
N J JnnoR gu 1st 48.. .1980 F-A 105
ib2" Feb 'bo
Registered
F-A
N Y Pu 1st con gu g4s 19S6
l'.)93 A-O
N. Y.
<fe
123i2Apr'0t
122 12 Feb '01
South West Ex Istg 78.1910 J-D 122
117
117
1934 M-N 117
Ist consol goldos
103^4
103
103>4
refund
gold
.1949
Sale
4s.
Ist and
:
BONDS
W&
116»4ll8
115 117=4
116iall6ia
9994
97
136141361a
135 1361*
'
12334
136%
nnSCEIi-ANEOUS BONDS—Conrinued on Next Pa«e
Coal and Iron
Tele^'aph and Telephone
CoBun Cable Co 1st g 48..2397
Registered
Erie T & T col tr g
102 Jan '01
lOOiaOct'OO
109 Oct '99
2397
s f
58..1926
1918
Met T & T Ist s f g 5s
Mut Un Tel Co See Westn Un
N Y & N J Tel gen g 5s.. 1920 M-N
No Westn Teleg See West Un
102
,
112
Nov'99
114
109
116
115
109
Apr'Ol
lllSgllSTg
I0512I09
116
116
1904 J-J
Coal and Iron
I
&E
Sc<NYG&H
Cldi Coal Mia See T C I
,©earf Bit Coal
Col C <fe I ext lat con g 6s.l902 F-A
,©ca C «fc I Dev Co ga g 5s. 1909 J-J
Oonpons
off
Col Fuel Co gen gold 63.. .1919
Col P & I Co gen s f g 58. .1943
De Bardel C cfe I See T C c& I
Gr Riv Coal <fe C 1st g 6s. .1919
I Istg 58.1926
Jeff & Clear
1926
2d gold 5s
Coal
1st
Pleas Val
g s f 5s. 1928
0&
West Union col tr cur 58.1938 J-J
Fd and real est g4i2S... 1950 M-N IO7I2.
MntUnTel s f?md68...1911 M-N 112
Northwestei-n Tel 7s
102
Koch&PitCifeIpurm5s.l946
Sun Ck Coal 1st g s f 6s... 1912
Tenn CoalTDivlst g63.al917
Birm Div 1st consol 63.. 191
Cah C M Co 1st gu g 6s. 1922
De Bar C & I Co gu g 6s. 1910
WhLE<fePCColstg5s.l919
101
.
611a.
103
55
Apr'Ol
Nov'OO
10134 104
> So price griday, latest bid ^d adted this v^te.
oDueJan
e
1061a.
F-A 1021a.
A-O
IO6I4 Peb'Ol
1011, 102 12
26
IO6I4IO6I4
963* 103
95 ig Jan '97
107 May'97
80 >Iay'97
105 Oct '00
J-D
J-D
J-J
M-N
J-D
A-O 105
106
J-J
IIII2 111
109
J-D 101
F-A 101
J-J
....
....
106
105
101
32
106
Apr'Ol
104
105
110
111
100
1041a
79
99
IOII4
Feb '00
101
Jan
'00
manufacturing <& Industrial
Amer Bicycle s f deben
Am Cot Oil
1909
M-N
ext 4I2S
Doe May ifDueJ'ne ADue JUy
M-S
80 12
1915 Q-P
IOOI4
58 1919
80
80 Sale
IOOI4
99
i>_Dn«^NoT_^ iOftion^ale.
1
lOi
82
Sii^
—
May
2.5,
J
J
Bond Record— Concluded
1901.]
BONDS
CouMol sterling gOs
Con
;
'
5
i'.
i
i
ciirrericy Cs reg...frl'-H)r,
Suiicfc
UNJ
i
108
Low
Jligh
gn
48».*iK>
Atl
fiee
L&
102
Nov'97
11234 Mar'OO
107
117
Jan
112
'01
II212
No
M
133>aJan'01
Oct '00
Feb'Ol
123 125
112
114»2ll8
I
I't Huron iJivlstg58.19:!9 A
8ag'l'us<feHl8tgug48.l9:ji f
[Pine Creek reg guar G9...1982 J
iPitts c:iu <fc St L See Penii (Jo
(Pitts Cliv & Tol 1st g 6s. .1922
Pitts Ft
<fe C)i
.S'e« Peun Co
[Pitts June let gold 68
1922
Ipitls & h Erie 2d g 53...O1028
[
133i4l33'2
May'Ol
108
20 109
114
137
Nov'97
126
127
114'2
115i-.i
r
AO
107 12 Oct '98
Pitts McKees&Y ^eeNYOiai
:PittsP.S! F 1st gold 63. ..1916
Pitta SU <fe li E 1st g 68.. .1940
Ist consolgold 58
1013
•Pitts* West 1st g 48
1917
JP
JI
<fc
Co
Y & Ash
Pitts
ccrtfs
Ist con 58.192
122
121
Nov'98
95
90
J'ne'99
117
11338 Mar-Ol
98 J'ly'97
10034
10034
1001-2
120
90 Is Sale
KeadingCo eeng 4s
1997
Registered
1997
Benssulaer & Sar dee D & H
;Klch & Dan Hee South Ry
'Rich <fe Ateck See Southern
KioGr West 1st g 48
1939
1949
Col trust 4s
Utah Cent 1st gu g 48.al917
t3aio Gr June 1st gu g 58.. .1939
1940
iBiogrSo 1st gold 4s
Guaranteed
1940
lEoch & Puis See B R <fe P
[Konie Wat & Og See N Y Cent
C*S '-Tns <fc H See Pere Marq
Oalt Lake C 1st g s f 6s.. 1913
i8t Jo & Gr Isl 1st g 3-4S..1947
8t lAVf & -A-dirou Istg 58.1906
2d gold 6s
1906
8t L & Cairo S£e Mob & Ohio
8t L & Iron Monut See
P
St Ii K C <fc
See Wabash
St L
Br See T RR A of St L
,
11338118
lOOOg lOO-s
1
Pil'-iMar'Ol
121 1211-^
9434
96H! 584 92 12 961-j
92 Apr'Ol
92
92
1005] A-O
BX'of (^all8tg68
1905|A-O
l8t g 63 series B
IstgOs series C & 0.19061.^0
lstg68 8erieaE<SiF.19]2|A-0
1912|A-0
Istgold 68
l8tc(m guarg58....19.y7IM-N
"1905-1937 M-N
8tanipe<l
SPacofN.Mex IstgOs. .1911 J -J
S P Coast Ist gug 48.. ..1937 J-J
1905 F-A
1st 78
Tex&
1912 M-S
Sabine Div letgGs
1943 J.J
Con gold 58
IOOI3 lOXh.
93'4 Apr'Ol
88^8 Sep '00
IOC's Sale
93--<8
93
105
!
KJG
Feb'Ol
94 Vi
.
94 14
ETVa<fi! Ga Div g
Con 1st gold 53
E Ten reor lien g 53
B4
94
..
94
891a 95 'b
W
112 May'Ol
112i4Mny'01
112
112
112
134
118
112
II418
I3514
11418
13;
1181,2
II8I2
112iall8i.2
102i2 0ct'00
100
100
Salts
99ia
100»a
B8>a
9(3 la
79
*100
Gray'sPtTerlBtgugSs 1947
St Paul & Dul See Nor Pacific
StPatUM&Mau 2d 63.. .1909
Ist consol gold 68
1933
IOOI4
100
96 »i
79
Sale
Sale
lie's
140
Rogistereii
1933
Reduced to gold 4Ja8..1933
118''8
101
J'ne-OO
Feb'Ol
llS'allS's
140«8l42
11434 II6I4
llG'sApr'Ol
116 May'Ol
107 Is May'Ol
106 May'Ol
107'aApr'Ol
116
106
EMinnlstdiTl8tg58..1908
lie^slieia
116
103
1201.2
:07'«
106 106
10713110
Registered
1908
1948
1948
Minn union Ist g 6s
1922
Mont C 1st gu g Gs
1937
Registered
1937
Xst guar gold 58
1937
Registered
1937
"Will (& S F 1st gold 58.. 1938
Registered
1938
Nor Div 1st gold 48
Registered.
1
140
128
140
115
Sale
il9";""
121'a
120
Apr'OO
140
Apr'9
132
12II2
140
|i2l" i22"
Apr'99
8tP«fcNorPao 6'e« Nor Piic
IStPA S'x City See C St P M <fcO
'SE'ePres.fii
Phlstg5s...l942
S A & A P See So Pac Co
F N P 1st sink r g 58.1919
'8av K
W 1st gold 63.... 1934
'S
104
il-S
'
104
98
123
....
S4
84
Nor <fc W
Se»b & Roa 1st 5s
1926
Car Cent 1st con g 4s. ..1949
Sher Slur & So See M. K.&T
SU Sp Oca & G See Sav F <&
Sod Bay & So 1st g 5s
1924 J.J
So Car & Ga See Southern
Southern Pacific Co
2-6year coUtr g4>23
1905
Gold48(CentPaocoU).fcl949
104
;
Registered
949
Wist gug 53.. ..1941
A&N
CwitPaclst ret
Deo'99
87
Jan '01
10434
Feb "98
94
9434
1061a 10934
87
87
88
.
\
i
gug4sl940
100
IOC's 46
92 'a
94 659
85 Nov'99
Sale 10534 107
100
Sale
9334 anle
"4
Sale
IOO1.J
96
IOII4 122 100
9978 J'ne'OO
88^8 203
88
88^8 Sale
gsi^ioii
951
83
83 »4
107
102 ij
891-j
MI.SCEl.I.,ANEOUS
M-S
M-S
J-J
9478 Sale
80 SiUe
loo's
J-J
Gramcrcy Sui; 1st gold (J3.1923 A-O
lU Steel Co dob 53
1910 J-J
Non-oonv deben 5s
1913 A-O
Int Paper Co 1st con g 03.1918 F-A
Knlo Ice CChie) Ist g 53. .1928 A-O
Nat Starch M I'g Co 1st g Os 1 920 M-N
Ske Innd deb 5s
1925 J-J
etau Rope & T 1st g 63. ..1946 F-A
Income gold 5s
1946
V S Leath Co sf deb g 68.. 1913 M-N
94'8
9539 103
Kx col tr g4s
1948 M-S
AmDk<fi)Imp53 6'eeCentNJ
120 Mar'Ol
20
..Apr'Ol
-18i8May'01
114i3Apr'01
I2712
127iaMay01
129
12234
100
llOia
lOli^J'ly'OO
109 Apr'Ol
1131a-
83
108
102
109
Dec'OO
May'Ol
Oct '99
Jan '99
113
87
lle\121
si
i
113i4ll6>B
124ial27'«
12419129
122 12^
Apr'Ol
I23I4,
122^
109" i(^J
106
108>a
May'Ol
113
116>a
1131a Dcc'0(j
911a Sep '00
1191a 1191a
lis
lid's
U7
J'ly'OO
....
lie
Mar'Ol
..
1161a
SecMK&T
1 er A of St L 1st g 41^8. .1939 A-O
118
116
1894-1944 P-A
Bge Ter gu g 53.1930 A-O
Ist con gold 5s
St
LM
520OO Mar
1935 J-J 116 Sale
Western Div Ist g 58.. .1935 A-O 111
General gold 5s
1935 J-D
93
Kan & M 1st gn g 4s.. ..1990 A-O 95
Tol P &
Ist gold 48.. ..1917 J-J
93
91
TolStL<SiWprUeng3iaS.1925 J-J
90
85I4 Salo
50-year gold 4s
1925 A-O
TopHam<fe Bnfflstg48./il946 J-D *100 102
Ulster & Del Ist con g 58 1928 J-D 1071a
n Pac RR & 1 gr g 48.. 1947 J-J 105 12 Sale
Registered
1947 J-J
IstUen convert 43
1911 M-N 1081a Sale
Ore Ry & Nav 1st s f g 63 1909 J-J 109 112
Ore Ry & Nav con g 48.1946 J-D 1041a Sale
Ore Short Line l8tg6s.. 1922 F-A 127 I2912
let consol g 5s
1946 J-J 116 ....
Non-cuminc A 5s....ftl946 Sep 105 .~.
TJtah <fe Nor 1st 7s
1908 J-J 115 ....
Gold 58
1026 J.J 110 ..~
115
Mar'Ol
99
99
115
W
Uni N J RR <fc C Co See Pa RR
Utah Central See Rio Gr Wes
Utah & North See Un Pacific
U5
11514 Jan '01
10734 1O8I2
9713
"
93
91
11a
116
116^4
116S
116
116
tlC4
104
II6I2
Tex & NO SeeSoPioGo
104 Feb'Ol
Tex <fe PRyE Div Ist g 68.1905 M-S
l.st gold 58.
2000 J-D 120 1* Sale 1191a 1201a
'
irginia
Mid
See South
94
91
85%
831a9934 Apr'Ol
-
2?,
2
11518120
90 100
4 115
!
V
A
1151411514
16 105ial08»»'
99
4 95
94
4 88
10 88
92>a
85«8
581 73
9934
98
107 108
Apr'Ol
143 105 106"^
1051a 106
105 '4 4: 104 106»8
105
1071a 11134 19Ui 103 129
110 110
110 Apr'Ol
1041a 104'^ 13 103 lOS^t;
12734 1273r
1 12634130
11734 118
14 115 118
106 106
106 Jan '01
119 U9
119 Mar'Ol
113 lis
lis Mar'Ol
108
.
i
M-N 117i«Sale 117
53 117 12034
118
IIOI4
108 112
100»4 Apr'Ol
963b 102 »a
66'^ Sale
613*
66^^ 33S0 40
68«a
110
15 110 111
110
[110
9Sia
May'Ol
95
100
88
981a
F-A 110
J-J
Scries B
J-J
Det & Ch Ext iRt g 53. .1941 J-J
DesMoin Div 1st g 4s. .1939 J-J
St Chas Bridge Ist g 63.1908 A-O
Wash Cent See Nor Pao
Wash O &
See Southern
West N Yife Pa 1st g 5s. .1937 J.J
Gen gold 3-4s
1943 A-O
80
80
105
94
108
,
99
100
IO8I4
Jan
6
W Va & Pitts SeeJi&O
W
Va Cent P 1st g 6s.. 1911
Apr'Ol
1081a
90
100
100
27 105
100
109
93 Aug'OO
107 May'Ol
95
"53" Sale' 58 Mav'Ol
581-2
S-i^
8
9
779
112 116 114 Apr'Ol
llSiallS
106
lC4iel09
Sale
ti^firtceFrjday; ^testbldJUQ^asfcid^i^Itu^
105
10534
110
U2
120'al21'2 1201a May'Ol
120
95
31
12a
981a 99>4
Wilkes & East See Erie
Wll & Sioux F See St P
9S\
40
9534
Maroi
1004
40
I13>all3ia
114 1171a
114
114
IIII4U634
May'Ol
lllia
112
111 1141a 108 Sep '00
82I4 09 89
94
92 Salo
911a
11 3 la Mar'Ol
J.J
LE
A-O 114
\Vlieerg<fc
1st g 53. ..1926
^^^lee^ Div 1st gold 5s..l92S
Exteu<fc Imp gold 5s. ..1930
1st consol 48
1940
J-J
F-A
M-S
116
M&M
W
Winona & St P 6ee C & N
Wis Cent 50-yi Ist gen 48.1949 J-J
*
89
$9V» 90
90
85^
194
91
>9
BOND8—Concluaett
Det
'99
98
110
May'Ol
110
W WH
'00
OO^e Apr'Ol
!I"II ioo*
9934
IOSI4 Sale
Jan
110
111
M AM ldgr3iasSA.1911
A-O
Hack Wat Reor 1st g Ss.. 1926 J-J
Hend B Co 1st s f g Us....l931iil-S
Hoboken L & I gold 58...1910 M-N
.
,
31
97i»
87
73
Ill
Sale
31
89
73
Mar'Ol
81
113
NoT'99
90
Oct '99
73
17, S4'4 9114
2;
...
68
lU
35; 291a
..
78
111
354
il
Iron Steamboat 1st 6s
190l| J>rad Sq Ganten 1st
53..1919piI.N
Miui Bch UifcLgtn,a4s..l940!M-N
Newjiort News islxipbuildingit
Hiding it
s.'
107 110
05
93
4013 72 'a
12
6
Dry Dock Ss
NY*
Ont Land
St
I
...dl990^J-J.
js..l91(VF-A ._
g 6s
L Ter Cupples Stat'n <fc Prop
Co 1st R 4».2s 5-20 year.. 1917 J-D
S Yuba Wat Co con g l>3..1923 J-J
Sp Val W.at Works Ist 6s. 1906
Vermont
1 st
MS
Star 1st a
f
,
101 Feb'9
llSia J'ly'OO
5s. ..1910
k Du e
'
IITS
Ry
1939
1930
1939
1930
1st gold 5s
niiscellaneons
90 14 9G\i Bkln Ferry Co 1st Cong 58 194SiF-A
Bkln
&
Ist 5s tr ctis.. ....
781a 86
ChloJc&St Yanlcolg5s.l915 J-J
Allsccllaiieons
Aflama
117
"IIII117
114
128
120
993%
11934 120 i
117ial20^
118 121
9314
W
&
I
MS
MS
cfe
1 00 "^
101
Registered
10 10
MortKuargoId3'as..fcl929
Registered
A:1929
MnuufactiirinK
InduHtrlnl
Am Hide <£ L Istsf g6s..l919
Am Spirits Mfg Ist g 68. .1915
Am Thread 1st col tr 4s. ..1919
Bar<fc S Car Co IstgOs.. .194
iio\;
120
Mar'Ol
9412 May'Ol
125
Income 58
(il943 Nov
West No Car See South Ry
West Shore See N Y Cent
105
107
fcl
;
110
cfe
2d gold 53
Debenture series
W
!
Apr'Ol
106i4N<jT'97
107
108 14 122
Lew See Penn RR
.SyraBing&NY 6'e«DL<SiW
.Sunb
Waba.sh
9434 Feb'Ol
1061a Feb '01
W
,
Jan "01
112'4ll4'4 112 J'ne'OO
127 ....
126i3Jan'0O
1st gold 5s
1934
St John's Div Istg 43.. .1934
Ala Mid 1st gn gold 5s.. 1928
Brans &
1st gu g43.. 1938
SU 8p Oca & Q gu g 4s.. 1918
See
110
120,,^
lOtiialOS^'
110 110^
& Black R See N Y Cent
\rerVallnd&W ,See Mo P
<ft
&NE
119
Utica
<fc
Scioto Val
Peb'Ol
Nov'OO
May'Ol
Apr'Ol
120
951410115
2d gold Inc 58
71
8138 Tol <fe
C Ist g 5s
96 "2
79 '4
141 12 Apr'Ol
13734 Feb '99
110i4Ai)r'01
....
'n5ht.
Registered.
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s.. ..1937
Registered
1937
9II4IO2
96 100
97 101
102
Apr'Ol
120
107
107
110
95
12034
'
W
'•'"ebo&N
100
W
2dg43lnobond ctf8...2Jl989
I
Sale
119
1926 M-S
1931
1936 M-N
1036 M-N
Guar stamped
.1924
F-A
1st cy gu 48.
O <fe
112 112 1«
West N C 1st con g 68..1914 J-J
1113411334 .S & N Ala See L & N
111 114iii Spok FaUs & Nor Ist g 68.1939 J-J
I27I2I35I4 .Stat l.sl Bv 1st gu g 4 las.. 1943 J-D
M
'01
liei^Sale IIGI4 1167p 156 11134 118 ;
108 Aug'(X>
in
109 Apr'Ol
io9" iioij^
MS
D 4-58.1921
Virginia Mid ser
Series E Ss
Series P 58
General 5s
2d gold 68 Class B
1906
2d gold 6s Class O.
1906
General goia 6s
1931
General goM 5s
^...1931
Ist trust gold 58
1987
Pierce C <fe O ist g G8...1919
St L <fe S F RR gold 43. .1006
Cent Div Ist gold 43.. 1929
Northw Div 1st g 4s.. 1930
Sonthw Div 1st g 68.. 1947
Kansas Mid l8tg48
1937
St I»uis So See llUnois Cent
Ist g 4s bd ctf8.1989
St L S
!>'
....
....
108
108
•''i
StIi&SFran 2dg6sCl A.190C
[
58.. 1930
J-J
195C M-N
1938 M-S
1938
Registered
1922 J-J
Ga Pac Ry 1st g 68
Knox A- Ohio 1st g 68. ..192."/ J-J
101
J-J
Rich & Dan con g 68
Equip sink fund g 5s. .1900 .M-S
1927
A-O
Deb 58 stampeil
Rich & Meek Ist g 48.. .1948 M-N
SoCar<fe Ga 1st g 5s.. ..1910 M-N
92 Hj 94'4
!
.
....
110
1918 J.J
R 1st g 68
1948 J-J
& Danv iBt g 43
& Yad Ist g guar 48.1949 A-O
1916 J-J
Col & Greenv Ist 6s
'
N
108ialll>«
Jan
HJOSa Apr'Ol
11034 Nov'OO
1996 J-J
Registered
105
113
107i«
77^8 88
....
'106
AJa Cen
HO^ 84
'
no's 112
llli-j
106 '4.—
"
•
M
118
117
iHt con gold 6«
'
1994 J-J
KcgLst<;red
Div Ist g 4-4ia-68.1996 J-J
Ogl^lClTp
93 14 ^ZH
105
8314 May'Ol
86
83
38
15 1110 118
llOiallli^
13 S6I4 85
136 137'a
125 125
108
Atl
Atl
•
,
....
T08'9ll2«^
107i4l07'«
100 108
lies
107
;i03 1061*
8434
Sale
86 11:
114 I2I 1134 May'Ol
1061a....
108»a....
„1994 J-J
Mem
i>o\Lov> SiffA
113 Jan '01
113
107 la Mar'Ol ---'106
102
86
112
100
JJ
SoPof Argul8tg6scl909-10 J-J
IOOI2
lOO^s
High
111 Apr'Ol
107 14 Feb'Ol
1031a May'Ol
107 Mar-Ol
1061a Feb'Ol
J-J
Guaranteed gold us. ...1933 A-O
Ore<fe c;al 1st guar g 58.19J7 J-J
Sonthern—
100
98
Ask Low
.113
.110
,
NO
Apr '01
SiTiee
Januargt
A-O
g
of Cal 1st
Mangt
Last Sale
112'«8ale II2I4 11214
111
111 I2 May'Ol
91 ''4
9134 Sale
a2
136 Apr'Ol
134
125 reb'Ol
&T
8A&APa88l8tgug4a.l943
101
127
112
114
TTeefc**
Bange or
106
10«
gold 48 int Kuar..l021 |A-0
1st 78.101 8 A-O
1920 J-J
Ist gold 68
Morgan's La
1912
NYT& Mex gnl8tg48.
gu (i8....19(J7
ii?" May'ckJ
Price
Priday
May 24
Bid
Sonthom Pac Co—(Continued)
GalHar&S Al8tg68..]910 F.A
Gen
112
J-
Xa.sli
W
BONDS
STOCK EXCHANGE
WEEK E^^lI5a Mat 24
N. Y.
F-A
tfe
1
1027
1005 J-D
2d gold 78
Mex & Pacl8tg5«....10:n M-N
1024 M-N
VG&Nl8tgTigr,3.
Gila
T l.st g 5s.lo;iJ|M-N
Hous E <fe
l8t gu B OS redeemable. .loa.i M-N
J-J
H & TCl8tg5sintgu..l037
Consol g 68 int guar...lO] 2'a-O
113
East Hfe C C C & St b
& Pfck XJn Ist g 08.. ..1021
blOiil
2dgold4>28
iPere Marq— K & P
g 68.1020 A
19:19 M
1st consolgold OS
iPoo
iPeo
Ac/
May97
4
W
Lewis l8t g4s...l9;jU J-J
RR<feCangen4s.l944 MS
&
January 1
Q-M
MS
oM
19i:i MN
lPxlstgug4'2Sl9U
iPeiitiacola
a?-<
1010
Bgii 1st
<fe
High
liange
Since
nlOlO
Allfg Val gen gii g48...194l'i M-S
01 <fc Mar 1st gu B 4'2fl..lMf' M-N
Grltife
>
Ask Low
Bid
§^1
1000 J-
Con.sol gold 58
Ko>risitre<l
CoiiHol gold 48
D It U R
I
•
Friday
May 24
RR 1st real est g43.1923 MN
Penn
Week's
Ilanye or
Last Sale
Price
STOCK EXCHANGE
WEEK ElTOWO MAY 24
N. Y.
—Page
Aug n Dne Seg jpDueNov
q Due
Deo «Op Uonaalo
—
.
1028
-ii W
i
'
1—
---
r
..
—
Exchanges
of Business at Stock
NEW YOKK
U8
Bonds
$500
$1,791,000
03,839,2">o
2,786,900
74,978,475
82,426,000
65,004,100
4,450, 000
3,080,500
4,905,000
'is' 000
10,000
4,591,563 $438,816,775
$21,300,900
$35,000
$22,000
-.-......
Wednesday
Thursday
Friday
Totel
State
Bonds
$59,095,300
92,313,700
000,578
970.837
652,007
709,905
859,810
731,706
Saturday
Week ending May 24
SaleK at
jrew York Stock
Exchange
1901
5,000
6,000
3,(>15.5()0
$2ol6b6
"506
January 1
May 24
to
1900
1901
1900
57,821,801
152,504,651
Stocks— N shares
4,591,503
1,909,949
Par value
$438,310,775 $185,928,800 $14,8;«,735,225 $5,547,827,512
4,500
$118,475
$55,750
$257,200
35,000
$4,646,160
1,171,200
247,561,400
$253,378,700
sliaies, par..
Bo.vns
GoTcruui e u t bonds
State bouds
RK. and 11113. bonds
Total bonds
$22,000
35,000
21,300,900
8,469,000
$1,087,670
2,081,900
640,953,500
$21,357,900
$8,761,200
$544,123,070
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Week ending
May 24
I'Ml
Saturday
Monday
Tuesday
Wednesday.
Thursday
Friday
Philadelphia
Boston
Bond
Listed
shares
Unlisted
shares
16,714
10,449
23,170
22,822
10,040
14,127
14,126
23,041
12,100
10,415
13,792
5,746
$21,395
01,100
25,963
119,955
54,085
10,014
103,322
79,880
292,512
Unlisted
shares
Listed
shares
sales
Bond
sales
33,618
64,189
30,218
58,061
47,110
40,148
4,252
7,457
8,4?7
4,809
5,076
12,816
$76,900
166,600
273,944
42,717
$645,291
13L',507
lo-„',(>ao
87,700
79,524
Ask
Laclede Gas
Lafayette (Ind) Gas
Ist 68 1924
M-N 43
52
Logansport <fe Wab Val—
Ist Os 1925
J-D
52 12
45
Madison(Wi8)Gas stklOO
07 k 09 k
1st 6s 1920
A-O 510712 110
Newark Gas Os 1944. Q-J 5140 141
Newark Consol Gas. .100 55
58
5s 1948
J-P 5105 1053.3
New Eng Gas
O
C
<fe
Ind Con Nat <fe
See
B
oston
ist
00
24
27
J-D
40
50
People's Gas & Coke N V Stk E xch
Philadelphia Co See Phi la list
Providence Gas
50 \ 901-.
St Joseph (Mo)
10(1
32
34
5s 1937
J-.l
94
90
St Paul Gas stock
10(»
50
53
General 5s 1944.. .M-S 5 84
87
I8I2 21i«
Syracuse Gas stock.. 100
1st 5s 1940
90 12
J-J
92
Western Gas (Milw).lOO
92
94
5s See N Y Stock Exeli Ust
efe
111 1
1st 68 1920
1).
Bank
Bid
100
20
30
A-O 5102 103
See N Y Stk Exch
6s 1922
STOCK EXCHANGE
Jiailroad ie
Jjonds
I'ar value
STiares
Secnrities
Kansas City Gas
WEEKLY AND YEARLY
Mucks
<(1<(.,1(/
May 24:
IWl
[Vol. LXXII.
ifnii"rTTi-r-"
DAILY,
Monday
.
THE CHRONICLE.
-^
TEANSACTIONS AT THE
Tuesday
5
.
Gas
Volnme
11 «f/,-
J
&
Telearr
Telephone
Bell Teleph of Buffalo 100 110
Central & So Amer...lOO 104
Ches<fc Poto Teleph.. 100
70
5s 1909-29
102
J-.l
Coninior Un Tel (NY). 25 119
Emp <% Bay State Tel 100 75
Erie Teleg <fe Telep See B oston
116
108
76
Indnsti-ia!
and
niiscel
Bid
Cent Fireworks pref. 100
Chateaugay Ore«fe I 0s'15
Clies <fc O Grain El Inc
68
16
48
Ciiesebrough
80
Mfg Co 100 405
Claflin (H B) 1st iiref 100 101
2d preferred
100 101
Common
100
Col & Hock Coal& I pf 100
1st g 5s 1917
J-J
ISI2
Compressed Air Co... 100
Consol id Car Heating 1 00
55
Consol Firew'ks com. 100
10
Preferred
100
05
Con Ry ElecLt & Eq 100
5
4I2
Consol Rubber Tiro.. 100
Preferred
100
26
Oorbin Cabinet Lock.lOi 250
Corbin (P & F) Co
25 f 90
Cramps' Sh&En BldglOO
82
Crucible Steel
Diamond Match
Exch
See Stock
Co... 100
137
8I2
DistUl Co of America. 100
Preferred
100
Electric Boat
100
Preferred
100
Electric Vehicle
100
Preferred
100
^
Emp State Idaho M&DOo
Empire State Sugar. .100
IstOs 1915
J-J
31
13
Asle:1
72
40
20
85
425
103
103
....
j
15
00
20
75
7
5I4
28
300
86
list
1371a
834
311-1
17
45
13
25
40
11
20
5
Empire Steel
100
Preferred
124
100
40
Erie & Western Trans 50
50
li.st
General Carriage
218
100
Franklin
100
45
50
General Chemical
60
100
Gold* Stock
100 118 120
Preferred
lOo
90
Bonds
90 100
Gorham Mfg Co com.lOl 110
Hudson River Teleph 100 120 125
Preferred
100 120
International Ocean. 100 110
118
Havana Commercial. 100 IOI4
Mexican Telephone See Bosto n list
Preferred
60
100
New Eng Telephone See Bosto n list Hkr-Jones-Jew'l MUl.pfd
Northwestern Teleg.. .50 122 126I2
IstOs 1922
M-S 85
N Y'& N J Telephone 100 106 175 H erring- H all Marvin 1 0(
2
5sl920
M-N 112 115
1st pref erred
100
35
Pacific <fc Atlantic...
78
2d preferred
85
100
8
Providence Telephone. 50 t 90 '2
Hoboken Laud & ImplOO 110
Southern <fc Atlantic. 25
97 105
5s 1910
M-N 106
Tel Tel & Cable of Am 1 t
5
International Elevat.lOO
99
6
Internat Pow Co pref 100 100
85
102
8
45
1
70
95
Ilia
52
55
50
15
.
Electric Companies
Internat'l Pump See Stk Exch list
Alle.ghenyCo Lig'tColOO 105
170
Interuat'l Silver See Stk Exch list
Eddy Electric Mtg Co.
12
t
6s 1948
J-D
93
Edison El 111 Co
V Stock Exch Iron Steamboat
2
100
Edison El 111 Co Brk
V Stock Exch John B Stetson com. .100 110
Edison Ore MUling Co 10
Preferred
8
11
100 115 130
'_'.">
Total
NY N
N
Electro-Pneum'icTranlO
Fort Wayne Elec Co Os.
Outside Securities
Fi>r
Bid
36
100
230
240
102
106
103
110
J C Hob
37
102
ni3
115
256
258
130
208
n25
205
104
175
l'ater.son..lOO
.
Common
100
100
Preferred
Ust
120
135
117
103
405
109
402
70
110
101
mi
SoFer 1st 5s 1919... A-O
H08
list
M
.
New Amsterdam Gas^
1st con.sol 5s 1948. .J-J
NY Elec Lt Heat&Power
Gold 5s See X Y Stock
N Y East River Gas—
Atlan Ave 5s 1909.. A-0 510834 110
Con 5s g 1931
A-O 113 114
Impt 5s See Stock Exc h list
WE5s 1933.. A-O 100 102
Brooklyn City stock... 10 244
Con 5s See Stock Exch list
1903
J-J
5scrtlsindbt 1903.. J-J
1st 5s 1944
J-J
Consol 5s 1945
J-J
Lst 5s 1927. M.N
Standard Gas com
loo
Preferred
100
1st 5s 1930
M-N
Brk C & N 58 1939. J-J
Gr St<&New 1st os '00 F-A
Gr'pt &Lorimer St 1st Os
Nor Un
105
IO8I4
325
102
101
115
104
106
97
NewWb'g&Fl 1st ex 41-28 106
Steinvray 1st Os 1922.J-J 5116
J-J
CITIES
Baltimore Consolidat See
Bay State Gas
50
Ust
N Y & E R Perry stk 1 00
M-N
1st 5s 1922
N Y & Hoboken stk. 100
117
See N Y Stk
Cincinnati Gas &Cokel 00
Col G.as L & Heat comlO(i
Preferred
100
Cliicago Gas
109
82
100
28
1111-2
100
10934
102
58
2434
7834
90I2
110
104
103 12
1071-2 1081-2
Exch Ust
Buffalo Street Ry—
1 8t consol OS 1931 . . F.A J11712 118l^»
Deb Os 1917
A.O 100 107
Cliicago City
stk. 100 255
205
Cleveland City Ry
100 IOII4
Cleve City Isl 5s 1909. J-J IO3I2 100
79 14
Cleveland Electr Ry.lOO
77
Con 5s 1913
M-S 103 1041-2
Columbus (O) StRy..lO0
381^
36
nil
108
105 12
130
150
115
113
112
10012
135
155
117
Bait Ust
1
Exch
209
00
93
list
2091-2
RR
1...
Preferred
1 uu
90 100
Colum Ky con 58 See Ph ila list
Cros-sL' un lst5s'33.J-D 5110
113
Grand Kapida Ry
\W)
25
30
Preferred
771-2 80
100
interest.
115
(J City)
Ist Os 1904
Detroit Gas
Essex
Fort
&
See
M-N 5103
N Y Stk Exch
Hudson Gas 100
32
Ist 5s 1915
Hartford (Ct)
.
J.J
.50
50
108
F-A
5104>-2
.
Gas L...25 t 48
Hudson Co Gas
100
33
5sgl949
102
Indiana Nat<fe
111
1st Os 1908
Gas—
M-N
IndianapoUs Gas stock 50
1st Os 1920
M-N
t
Price per
list
33
(
1st esl925
Grand Rapids stock
sliare.
25
114
Exch
list
108 110
09
71
95
i 94
82
84
Hob Fy 1st 5s 1940 M-N 5113 115
Con 5s 1940
J-D 5 94 12 95
Now Y'ork <fe New Jersey
Ist 5s 1940
J-J 1051-: 107
10th & 23d Sts Ferry 100
75
80
1st raort 5s 1919. ..J-D 5105
108
Union Ferry stock. ..100
33
35
Ist 58 1920
M-N 90 12 97
.
Railroad
4I2
Peo & St L pref. 100
Prior lien g4i2S'30M&S 5105
mtg
5s
90^4
Con
1930.J&J
g
Income 5s 1930
10
Denver & Southwest. 100
70
Cliic
70
97
100
J-D
Industrial and IVIiscel
Aberdeen Copper
25
Acker MerraU <fe Condit
t
55
110
106
50
35
103
Amalg Copper SeeHtock. Exch
Am Agric Chem See 15 oston
Amer Bank Note Co... 50 t 531-2
Am Bicycle See N YStk Exch
25
American Can com... 100
Preferred
100
American Chicle Co.. 100
Preferred
100
Amer Grapliophone...lO
Preferred
10
Amer Hide & Leather 100
Preferred
100
Os See stock Exch Ust
Amer Press Assoc'n.lOO
American Screw
Amer Shipbuilding.
Preferred
Am Soda
Amer
. .
100
100
100
95
50
08
98
751-2
80
79
f
t
Q-'s
11
9
39
85
85
35
Foun com. .100
3
100
100
48
50
170
1st preferred
2d preferred
American Surety
F-A
Typeto'rs stock.. 100
Amer Woolen See Stock
Amer Writing Paper. 100
100
Preferred
J-J
58 1919
10
Anthracite Coal
1 00
Barney & Sm Car
100
Pref erred
50
BUS8 Company com
50
Preferred
Mort
Guar...
100
Bondcfc
—
Browiilow
8
100
Sti'awboaid
Bonds Os
Brit'h Columbia
40
00
20
100
.^.m
Wayne Ind)—
30
25
22
113
1911.J-J
Os 1903
Bonds 08
G.i.s
70
310
110
no8i-2 lOO'o Ft Worth & Rio Gran . 1 00
50 t 35 12
Pitts Bess & L E
stock Exc
Preferred
50 t 70
Stk E X list
Air
Seaboard
Line See E alt Ust
300 310
68
90
1st 5s 1932
J-J jlOoia 107
Consol Gas (N J) stk. 100
13
15
98
1st 58 1930
J.J
81
83
Consol Gas (Pitts)
50
llSb Preferred
50
50
Consum
NY&BlstOs
101
1
Exch
2
11
70
75
22
125
125
125
385
Copper 5
I8I4
1
42
98
22 Vj
M&M Co
100
Celluloid Co
Cent Fireworks com. 100
Lanston Monotype
Lawyers' Surety
20
100
Con 5s 1948 See .Stock
Metroiiolitan Ferry 5s...
Boston United Gas bonds Bosto n list
Buftiilo City Gas StocklOO
10
1st 5s bonds
74
i 70
103
OTHER CITIES
Buyer pays accrued
21
OTHER
list
Elevated—
1st 4s 1949 See Stock Exch Ust
Nassau Elec pref
100
82
83
58 1944
A-O 113 115
Co.
Brooklyn Ferry stocklOO
<fe
BB&
1st 5s
Ferry Companies
28
100
Preferred
58 1929
Cent Union Gas 1st 58.
Con Gas (N Y) stock .N Y
Eqnit (Gascon 5s 1932 See
Mutual Uas
100
BROOKLYN
Exch
Exch
Ust
Gas Securities
NEW YOKK
Third Avenue See Stock Exch list
Tarry
P & 5s 1928 107 109
YkersStRR 5s 1940A.O IO4I4 107
28th & 29ni Sts 1st 5s '96 111 113
Twenty-Third St stk. 100 405 415
103 100
Deb 5s 1900
J-J
Union Ry 1st Ss 1942 F-A 113 115
Westchest 1st 5s 1943 J-J 105 110
Bkln Crosstn 5s 1908. J-J
Bku Hgt,s 1st 5s 1941 A-O
Bkln Q Co & Sub See Stk
Bklyn Rap Tran See Stk
Coney Island & BldynlOO
iSe«
New Orleans City Ry 100
201
212
109
119
210
115
110
2I4
15
Lawyers' Title Ins. ..100
Stock Exch LoriUard (P) pref
100
Madison Sf] Garden. .100
175
2d Os 1919
M-N
9312
Miixkeen Cupper
t
10
Mex Nat Construe. pflOO
21
Monongahela R Coal. .50
25
67
Preferred
50
70
2
20
General Electric Co N Y
Do pref See Boston lisl
Hartford (Ct) Elec Lt 100
Bid Ask Narragan (Prov) El Co 50
New York & Queens Elec
Phila list
Light & Power Co.. 100
19«4 20 14
811-2
821-2
Preferred
100
5
1318 Rholsl Elec Protec ColOO 119
13
10314 Storey General Elec ..10
12
14
171-2 20
United EleotricofNJlOO
ni8 120
7012 72
4s 1929
75
80
Unit ElecLt'&Po" C0..5O See Ba It list
106 112
ni3i2j 115
Stk Exch
25
9712
Preferred
100
North Chic .Str stock. 100 203
1st 5s 1900-16
J-J
North Jersey St stocklOO
20
M-N 81
48 1948
Pat Ry con 6s 1931.. J-D ?125
2dCs 1914
A-O no3
Rochester Ry
100
26
Con 5s 1930
A-O 110
2d 5s 1933
J-D
95
So Side El (Chic) stk. 100 108 Si
Syracuse Rap Tr 5s 1946 100
Union Trac(Chic)conilOO 141-2
Preferred
5718
100
241-4
Unit Rys (St LTrans) 100
Preferred
100
78
Gen 4s 1934
J-J i 8934
Unit Tr<fe Elec (Prov)lOO 109
West Chicago St
100 IO312
Cong 5s 1936
M-N no3
MinneapStRvos
Kto
185
Exch
Second Avenue stocklOO 210
Istmort 5s 1909. .M-N no7
F.A ni8
Consol 5s 1948
Sixth Avenue stock. .100 200
Sou Boulev 58 1945.. J-J
I8t4s 1951
B-'e
no2i2 IO3I2 Lynn& Bos Ist 5s '24. J-D
N
W
&
By
48 g Nov 1 1949. .M-N
LaJce St (Chic) El stk. 100
Deb 5s 1028
J-J
Louisv St Ry 5s 1930 J&
Exch Ust
gold 5s 1932. ..J-D 115
F-A 101
.Scrip 5s 1914
Eighth Aveuue stock 100 390
Scrip Os 1914
F-A 105
42d Gr St Ferry stk 100 392
Ave 100 65
42d St it & St
Istmort Os 1910... M-S 113
98^2
2d income 6s 1915.. J-J
Lex Av & Pav F 5s See St k Exc
Avenue
stock.
100
198
Nlntii
&
Street Uailways
Ask
Indianapolis St
l.-,t
i
A
Weekly Review 0/ Outside Market See 7th Page Preceding.
Street Railways
NEW YORK CITY
Bleeck St& Ful F stk 100
J-J
l.stinort4s 1950
B'way & 7th Ave stk.lOO
Isimort OS 1904. ..J-D
J-J
2dmort 5s 1914
Con 5s 1943 See Stock
B'way Sui-1 1st 5s ^i 1924
2d OS int as rental 1905
Ceufl Crosstown stk. 100
M-N
Istil 6s 1922
Cen Pk N & E Riv stk 100
J-D
Consol 7s 1902
Chn-stTcS! lOUi St stk 100
Colli; 9th Ave oS See Stock
Dry D E B & Bat stk 100
Kings
Series
t
Monongahela Water. . 25
Mosler Safe Co
100
National Carbon
100
.
80
110
121
7
5
40
3
t
t
t
31U
25
27
12^^
13
4734
47 14
41
100
1534
8314
100
83
23
Nat Enam'g & Stamp 100 20
Preferred
100
82
85
Nat'lGramoiihone
100
10
6
100
National Saw pref
National Salt See NY Stk Exch Ust
Nati<iual Surety
100 145
35
30
New Central Co.al
20
3I4
N E Elec Veh & Trans 10 t 3
70
85
Loancfe Imp
100
Preferred
NY
N Y Biscuit Os 1911. M-S
New Jer Zinc Iron 100
N Y El Veh Transp..lOO
1141a 115
<fc
'8
1^
Nicholson File Co. ...100 120
100
9
Ontario Silver
8
30»4 32
100
Otis Elevator com
9934 911a
Preferred
100
30
Peek, Stow & Wilcox. .25
Pittsburg Brewing
50 t 26% 203*
50
45
Preferred
t
451a
3134 31 '»
100
Pittsburg Coal
5I2
90
Preferred
100
95
104
100
Pitts Plate Glass
107
oston
Ust
Compress
SeeH
Planters'
92
I8I2 Pratt & Whitn picf..lO0
90
85
Procter <fe Gamble. ...100 337 340
72
100 206 208
Preferred
74
95I2 90
98 14 Royal Bak Powd pref .100
Rubber Goods Mfg See St ockEx list.
30I4 RusseU & Erwin
05
25 t 01
Safety Car HeAt& Lt 100 140 145
75
155
Hardw
com
100
Simmons
100 I37I3 141
Preferred
100 135 140
2d preferred
100 245 260
211-. Singer Mfg Co
4
6
Standard MUUng Co. 100
25
20
100
Preferred
72
70
list
5s
StandaVd Oil' of n' J ! i 00 785 790
list
210
Stand Vndergd Cable 100
See Stock Exch Ust
li's't" Sloss-Sheftield
55
2 51-, Southern Cotton Oil. .50
37
33
7579 Standard Coupler com 100
100 120 125
Preferred
86
70
801-2 Stillw-Biercfe Sm V pt 100
05
11
1018 Storage Power
50 t 10
105
100
100
Swift cfc Co
12
103
1st 5s 1910-1914. ...J-J 5101
11
25 t 201-2 2II4
Tennessee Co^iper
40
Texas & Pacific Coal. 100 101 12
A-O 5108 110
100
1st Os 1908
Title Guar & Trust. ..100 510
8
5
Trenton Pottery com 100
38
02 12 67 12
100
Preferred
94
Trow Directory new. 1 00 55
6
CI2
10
6
Union Coiiper
52
10
6
Union Steel & Chain. 100
12
30
100
Preferred
190
Union Switch <fe Signal 50 t 64 Tg 07 la
27
50 f 8712 921a
Preferred
04
Union Typewn: com. .100 62
00
lOd 117 119
list
Ist pref erred
lOO
115
1171a
2d preferred
3
8 '-a
7I2
13
U S Cast Iron Pipe... 100
41
100
40
Preferred
72
50
85
U S Envejoiie com...lOO
95
100
92
Preferred
24
131
U S Glass common...! CO 39I4 40
100 139 1 10
Preferred
I371-.
U S Steel Corporation See Stock ENCh
8
9
100
Coke.
Coal
Iron
&
410
Va
52
531a
5s 1949
19
Westingh Air Brake.. 50 tl85 187
44
10
15
White Knob Mining. 100
102
Pump pref. 100 110 115
Worthing
26
'.
I
.
.
MS
'
K
May
.
,
THE CHKONICLE.
25, 1901.]
•
.
1029
—
Boston, Philadelphia and Baltimore Stock Exchanares A Dailv and Yearly Record.
8ale$
Share Prloe*— Not Per Gentnm Price*.
ACTIVE STOCKS.
of the Range of Sales in
Saturday,
May
18.
Monday,
May
Wednetday Thursday,
Tue*day,
Jfay 21.
20.
May
May
Friday,
May
24.
•2r6
185
183)4
216
84 3
345
343
ie7H Its 168 •194
196
19554 19654 193
152
153
158
1S1><>
132
IBS
18^
•73
76
74
7354
•68
S9
ed94 •57H
145 •146
145
37"
22.
23.
Shares
Railroad 8tooka.
8B5
865
180
•8«8
193
197
*1B0
180
849
194
197
168
138
•
•78« 7»H
69
146
am
88
68
59
146
36
38
89
a8><
se>a
•869
180
848
194
365
181
•348
865
864
266
186
845
254
186
186
'343
1114
197 197H 197
167
196
196M 197J4 X195J<1»9
152
1S4
164
153
163
isa
191
131
138 13ia
•73
74
•7a
•58
18
S8H 58Ji 68
146
145
14B
145
144
30-)^
SBM
89K 8SV« 86
33
83
88
35«
86J4
90
88V<
88M 90
86
35
2S><
»0
3654
95
•« ••
< I « •
255
855
258
187
ie8>a
1H5
^nu
39
91
2B>,
95
9=94
3654
3694
91
2154
985*
•
ISI54
132
73>s
6854
147
88V4 8696
3S94 36
90
905i
2'5i 2«X
8654
3f%
195
196
•9454
e6>*
Northern Pacific
••••••
•
110
310
310 •
210
aoo^isio
7Si4 78 11-16 iH
73H 7354
73X 717^ 73
8"
30 3-16 81
3C9< 215-16
30 3-16 21 P^
SIH 87 »-lb 87H 38W S7|,< n-ie 3794 S8H
ve%
28
36
16
6
25M
25M
S5S«I
85
as
^5
3414 3SH
86
86
!
441a 44H
101
104
891^ 89W
44!4
445<
107M1C8H lOC^ ioe«
91
88K
leM
92W
38H
90S)
91
3i9i
95
116
IS
117
26
88
3194
16H
If-H
1894
9B
«1«
t6
£5
SO
1654
95
5C
....
....
"
11,27C 69
May
78,36
1254 Jan.
15,852 33 3-16Jan.
19
Jan.
8,5 3
994 Jan.
86C 2194 Jan.
6,89S 7854 Jan.
648 83 Jan.
10,712 2994 Mar
50
(Bait.) .,..100
45
45
"
....100
Preferred
98^3 10056 anion Pacific
(Boiton)....100
8754 87H
"
....100
Preferred
81H 3194 Union Traction, »1 754 paid. (Phlla.).... 50
(Bait.) .... 60
•16H 1694 rrnlted Ry 4 Hleo. Oo
94
9t>4 Weit Bnd Street.
(Boiton).... 50
165t
95
"
..>......
95
Sighett
436
832
H
19954 Apr. 30
21 160
Mar. 11
13S Apr. 8
23 76 May 16
20 5994 May 18
19 148
Apr. 83
4 3996 May
1
29 37 Mar, 80
17 91
Mar. 30
39
U
31
4
i
9
39% May
he May
144 May
110 May
8
May
May
7
8
7
Apr.
89
31354
81
Apr. 26
33)4
46
<
25
4
31
31
4
7
1
89 7-l«May 1
8954 A|r. 8
4954 Apr. 8
13«i9May
a
99
37
May
1
19
Apr. 28
86
Jan.
a
1854 Mar. 99
1S94 Mar. 15
9)<94 Jan,
8
miacellaneona Stocks.
86
8i
«6
82
25Vi
8194
iH
ii*
IX
"48« 147 149
148K 150H
181M 128
1S2 188 •i2iHi2a
180
178
174
17»)i
173X 174
425
108
837
486
107
880
28lg
61
86
•
3854
2i%
61
83>9
60^
35M
60
58
23K
61H
••••« '••!•«t«*« •••••
«M
'Vaji
<m
88
32
6
9
"sin
56
68
"74"
74
6
tH
en
13)4
63
9394
32
5^
64
INACTIVE STOCKS
Bid. Ask.
24.
RAILBOADS.— PHcei May
Amer.Ballwaji(Phil) 60
4.(1 * CharloUe(Balt) 100
Boi A Maine pf .(Boit) IOC
100
Boiton 4 ProT. "
100
OmtralMaii... "
"
100
Pref
100
Ooiin4Paiiam
"
100
Oonn BlTer....
OotuolTrPitti!(PhU) BO
"
60
Pref!
aa Sonth 4 Fla.(Balt)100
"
100
lit pref
"
100
td pref
S'rmant'n Paii(Pbll) 50
SO
Heitonr M 4 T "
BO
"
Pref
"
Indi Street
"
100
Bahaylk.(Fhil) 60
(BosC)lOO
Central.
Maine
MlnehU14SH.(Phll) 50
60
Heiiiuehon'g V. "
SO
north Penn.... "
Pera Marqa'te.(Boit)100
Pref
"
100
PliUOerm4N.(Phll) 60
••
SO
Phlla. Traction
Byi Co General!
160
870
We«tJer4 8S.(FhU)
60
50
WeitNY4Pa. "
Wli Cent, new. (Boit) 100
"
Pref
100
WorNash4R. " 100
Allonei Mlnlng(Boit) 36
64
46
90
380
103
76
149
45
73
150
69
170
83
66
78
2H
294
50
35
35
25
"
Mining..
Beltle
25
(PhUl 60
BeU Steel
Boiton BlecLt.(Bost)100
113
a>4
so
41
31H
235
46)4
965i
"
as
Central Oil
Con. Lake Sup. (PhU) 60
"
Pref
SO
10
9854
20 19
45
140
28
17
8
32
48
340
99"
3894
n
STOCKS -BONDS
Westinfth. Hleotrlo
Bid
(Bost) 100
"
"
....
60
33
164
256
NewBnKai4G !
....
New Hav 1 4 8. (Phil) 6
lOH
165
294
11
4
88
63
«'35*
54
13
165
4
1
"bs"'
8854
3
14
AtlQ-LlghtlstSsl917J4D
Atl Coast L otfs 5i J4D
Bait Beit 1st 5s.l990M4N
45*
1)4
8*9"
29
354
137"
3154 33
3454
19>4
"is" 3854
7
2)4
66)4
KCC4Blst5sR.'36
9H
100
330
Ind-B8yuCom( Boit). 100
4
IntBntII4SM
1
17)4
336
Income
46
4554
Minafao Bab.. (Phil)
"
Pref
MarylaDdBrew.(Balt) IOC
Preferred
IOC
Ss...,.
S C4 M By4B 5i.'39 A40
KCStJo4CB7s.'07J4J
lDteP4DyDam(Pbl!)
UIeBoyale!...(Boit)
A40
K0nS4Olst7s.'08J4D
K C F 34Moon 6s.'28M4N
S M 4 B 1st 4i..'84 M48
3
67
54
IX
15
16
la
HMar.
4
IS
182
134
83
467
119
Apr. 17
Mar 88
860
Mar,
May 23
Apr. 89
Apr. 30
6
24% May
8
6354 Apr. 28
4054 Mar. 16
99 Jan. a
5594 Apr. 3
7994 Apr. la
794 Jan.
854 Feb.
8
13
Feb. 13
Jan.
3
*pr. 18
3894 Mar. B
896 Feb. 18
9 12854 Jan.
a
17
Mar. 80
18 65
Apr. 18
IC 6654 Apr. 13
4
6
7654 May
16
99
146
I
BONDS
64
{1035,
WeitVaC4Plit6g.'llJ4J
Weld 5I..1935 J4J
t
•• t «! 102
i
i
8)
117
108
TTaolst5s.l920M4N
'
.
hll
, ,
117
us'
«10O94 10854
{IOOh 103>,
106
181
100
90
100
• •
lis"
117
106
98
114
117
90
120
115
3354
8394
• •
I
•
I
•«
07
110
93
lie"
113H 114
107h
109
184
SO
118
110
116
109
NorthCent 4541. 1935A40
61 1904
J4J
Series A 5s 1936.... J4J 13BH
Series B 6s 1936.... J4J 185
Pitt Un Trao 5i.l997 J4J 116)4
PotomVal l9t5i.l941J4J 106
8eoAvTn(Pltt«)5s'34J4D 116
Sav Fla 4 West 5s '34A40 113
Seaboard A L.4s 1950...,
80
Loancertfi 1903..
Seab 4 Hoan 5s.l9'2e J4J 114
UnBIL4Pl8t454s'39M4N
UnBy 4 Bl
10154
lst4i'49.M4a
Income 4s 1949. ...J4D
VlrgMId lst6s.l906M4e
87
101)4
••••«
8d series 6s. .1911 M4H 117
3d series 6s.. 1916 MAS 118
4th ser 3-4-SS.1931M4S 111
6th series 5s.l936 M48 114
Va (State) 3s new.'33J4J
96
Fund debt8-3s.l991J4J 96)4
iBt
11994
106
139)4
137
no
80)4
7694
bb"
111
109
••••I
iii)4
114
"9 8*'
169"
110
'98X
1
••••t
,,,,,,
80
7954
•••••I
lis
108
•!•••
•
•••!
.
1910 M4e
1933 J4D
Annuity 6s
J4D
Nat Asphalt col 61
'48
New'k Con Gas Ss
J4D
Newark Pass oon 58.193C
NYPhlI4Norlst4s '39J4J
Income 4s... 1939 MAN
3d 7s
Consol 61
1st 4i..'36
GenM7i
130
t •
•••
..et8l
180
46
107
118)4 •eaec*
104
M4N
1903J4o
iosvi
6s r...l910 Vai
Consol 8s 0... ,1905 Var
1919 Var
Consol 5s r
Penn 4 Md Steel con 61.
i09H
YCau7i..'06 J4D
1939 A40
Ss
1939 A40
Cons 4
Penn Steel lst5s.'17M4N
People's Tr tr certs 4s.'4S
Pa4 N
Com
Elec goii trust otte
Trust certfs 4s
Hxt[mpM4sg.'47 A4C
Con M of '83 4s.'37 J&..
PWI14Balt4s.l917A4i.
Coliattruit4B.1931 J4J
Read Co geu 4s, 1997 J4J
Rochester Ry oon 5s. 1.93C
SchRBSidelstSs ff'3SJ4D
Seran Trac 1 st 6i^33M4N
United N J 4S..1944M48
UnTracPltts gen5s'97J A'
Welibaohi f 5s 1930. J40
-
••••
•
•••I
no
117
iiae*
latt
•
•••••
•
ee««
i
••••
108
108)4
8994
Ph4Br gen M 6g.*80 A4C 130
Gen M 4sg..l980 A40
Ph 4 Bead 3d Ss.'SS A4v
Consol M 7b. .1911 J4L isi'
Con M 6ag...l911 J4r
Terminal 5s g.l941 Q-l
IIS
88
80
(}enM 4)48 g.. 1934 g-F 108)4
Leh V C'l lit5sg.'33J4J 10794
Leh Val ext 4s. 1948 J4D
PblU
I'O
1st 58..'3:-
M 6s.'20 M4^
KCSub B lst6s..'30J4I)
Lehigh Nav 454b. .'14 Q-J
BR4ig
1914 Q-F
Penn gen
51
NJ
lst7s.'05F4A
Bdlson Bleo 5i stk tr ctfs
Blec4 Peop's Tr stk tr otfc
Blm4Wllm 1st 6s.'10 J4J
Income 5s.... 2862 A40
Bq III Gas-L l8tgSB.192b
Hestonv M 4 F con 5s. '34
H4 B Top con 5s.'35 A 40
Indianapolis Ry 4s.. 1933
No Penn
93
••••••
Berg4BBrewlst6s'21J4J
B BoroGas lst5B.'38M4t
Cambrlalron 6B.1917J4J
Ches4D CanlstSB.'ia J4J
ChooOk4G gen 5s'19J4J
lV654
96%
7696
no
tr ctfs
113
93
110
130)4
180
118
180
Atl City 1st 5sg..'19 M4N
Balls Ter 1st 5s.l926 J4D
ConTracof
.
Norfolk St 1st Ss '44.J4J
Aipbalt Co Ss
Del4BBk
NewpN40Plst5s'88M4N 100
109
110
lOS
100
A(b.
Bonds- Philadelphia
AlleVyBext 781910 A40
Bast4A
Bxt 4 Imp 6S.1901M48 10054
No BaltDIv 5S.1942J4D 181
Conv'rtlble5sl906M4N
Central Ry 6s.. .1913 J4J
Conso! 5s.... 1933 MAN
Bxt 4 Imp SS.1933M48
Chas City Rylst 5s '33J4J
Chas Ry G 4 BI 5s '99 M48
CharlC4A ext6s,1910J4J
8d 7s 1910
A40
Clty4Sub lst5i.l932J4D
Clty4Sub( Wash) lit5i'48
Col4Gmvlst5-6. 1 9 1 7 J4J
Consol Gai 61. .1910 J4D
5i
1939 J4D
Ga 4Alal8tpf5sl945A40
GaCar4Nlst5sg.l939J4J
OeorglaPlst5-6s 1923J4J
WU4
Clt's'8tRy(Ind)oon 5b.'3S
ColumStRy Istcon Ss.'Sl
1st 6s tunnel 1911. .J4J
)
{104)4
91
Balt&PlBl68mll911A40
.
hoi
87
West N Coon 61.1914 J4J
BaltCPaslit5s.l911M4N 110 111
Bait Fundg 5s.l9ie M4N 124
Bxchange 354S.1930J4J 112)4 113*
Maryland Brewing 6s
Met8t( Wash 1 St 5s 3 5 FA
New Orl Gas 1st 5s. Vai
2ICO
{107
{117
LEook4FSlst7i.'0SJ4J {106
Mar H 4 Ont 6i...'35 A40 1118
Mex Cent 4i g. .1911 J4J { 83
lit oon IBQ 3i g non-cum
3894
3d oon Ino 3i non-cum.
8194
••••••
I
. .
Bal
Bid.
1C354
1103
64
65
i
«1C354
«1C354
{111
Ga8o4Fla lst5i.l945J4J 1U54
KnoxvTrac IstSs '38A40 90
Lake R Bl lstgu5s'43M48 118
Maoon4Nlit454i'90M48
85
{104
{111
{130
{ 98
4s
173
83
126
19
M4N
...1914M4&
1916 M4N
St 5s. .'02
Anaoostia
S8>a
i
l
138'9 Apr.
3354 Feb.
8654 Feb.
894 Jan.
Baltimore—Conclu'd.
I
Deb
"
50
Coal
Winona Mlnlng(Boit) 85
Wolverine Mln, <
35
33 lis May
396 1154 Jan.
40 Jan.
i*32S 64
Jan.
6
66 Jan.
ABk
lstmort6s.. ..1906J4J nC8)4
Rutland 1st 61.. '02 M4N a0854
Torrlngton 1st 5s 1918... •••»•
Bonds— Baltimore.
4 Pot
5t
Atl 4Ch lit 7S.1907 J4J
36
88
rel
Debenture 5s. 1 9 1 3 A40
N B Cot Yam 5s 1929F4A
NBGas4C lit 5i..l937
New Bng Tele 6s.' 16 A40
6s
1907 A40
N Y4N Bng 1st 7s.'05 J 4J
454s
W
iVe"
5C
....
Bid.
NewBngcongen5s'45J4J
West Bnd
1
mm steel conv Ss.'lO J4J
"
BONDS
Ask.
1
W
34
SO
(Boiton)
. .
Boaton— Concluded.
10
Bos UnOas lit5i.'39 J4J
3dM5i
1939 J4J
Bur4 Mo Hlv ex'pt 6i.J4J
Non-exempt 8s. '18 J4J
Sink fund4i.. 1910 J4J
Oh Bur 4Q 4s. 1922 F4A
Iowa Dlv 4S.1919 A40
Chicago Juno 5S.191SJ4J
Ch 4 No M gu Ss.'Sl M4N
Chi 4
M gen 5s.'21 J4D
Cnrr't Ulv 1st 5s.'37 A40
4 Mfg.
Preferred
3*5 15-16
MISCBLL.—Concluded.
. .
(Phlla.) ....100
8454 Jan. 2]
354 May ai
80 Jan.
1
May 16
54 Apr. 29
13194 Jan. 18
117
Jan. 16
4
151 Jan.
300 Jan.
8
4,16C 76
Jan. 1^
60 830
May 9
58,470 1694 ^ar. 27
66C
58 Jan. 30
1,283 33
May 15
1,435 46
Mar. 21
41)4 Jan. 29
830 6254 Jan. ^^^
1,78;
9
654 May
457
4% Jan. 80
854 Jan. 80
320 90 Feb. 14
4
78 12754 Jan.
3,018 28
May 9
8,C69
4
5)4 Jan.
b 2(196
{107
{108
{104
DQR4
lit 4s.'46 A40 { 98
Domln Coal lst6s.'13M48 {109
'Zr&st'n ist M 6s g.'06 M4S {112
Fr Blk4M Y 1st 6s '33 end {137
Unit'p'dlit6i.'33A40 {187
46
rranUln Mln'g. (Boit) 26
17
enaral Bleot.. " 100 283
"
61
il«"
Bonds— BoatoD.
J4J {lOOH 101
A T4S F gen g 4s '95 A40 {10194 103
Adjustment g 4s.. 1996 i 94Si 95H
Boston Term'l 354s.. 1947 U15 117
6
BdUonBl lll...(Boit)100
leo Goof Am!. (PhU) 60
Pref
"
Old Dominion Copper!
.... 25
Philadelphia Bleo.! 5pald.. (Phlla.)
"
United Gas Improvement!..
.... 50
United StateiOll
(Boiton),... 25
Am BeU Tel 4i.. 1908
3
••
Bl. (Phil)
32
75
Westm
DeLong U 4 B "
10
10
Dtam State St
6)4
pf
Domln Coal .(Boit)lOO 113
Baiton Con
New Bng. Cotton 7am, pref. (Boiton) .,,.100
"
New Bngland Telephone....
....100
118
18
63
64
61
6454
Utah Mining.. (Bost)4-85
Warwick I *S.(PhU) 10
V*
16
Oambria Iron.. (Phil) 50
(Bait) 100
Canton Go
Oenten Mining. (Bost) 28
"
93
6%
6%
118
13
....100
Lehigh Coal 4 NaTlgation... (Phlla.) .... 5C
"
Mariden Col
....100
"
National Asphalt!
.... 60
"
Preferred!
.... 60
WelsbachCo
USPHorseCoLtPhU)
63
43
180
3154
5%
118H 119
18
18
13H
654
.
16854
9754
'26"
6%
8
e^a
98
14454 14454
3154 88
Tidewater St.. (PhU) 10
Torrlngton"A"(Boit) 36
"
Pref
85
25
UnCopL4M'g "
UnBlL4Powpf (Bait) 60
United Fruit (Boit) .100
Un Shoe Maoh.. •'
25
A rOl.« •letiet*
'O
85
US Mining.,., "
108
84
74
93
8
.
.
DomIron4B.!
5H
"
Federal Steel
73
6%
Sa8qaeI4S!..(PhU) 5
8)4
Tamarack Mln. (Boit) 25 385 330
. . .
"
Amer. I. 4 8 .
Arcadian
(Boit)
Arnold Mining. "
"
Atlantic Mln'g.
"
73
6
O'a
Dredg(Boit) 10
26
Old Col Mining. "
25
Osceola Mining. "
Palmetto Co.... (PhU) 38
ParrottS114Cop(Boit) 10
Penn Hleo Veh. (PhU) SO
"
Pref
60
Penniyl Salt... "
SO
Pennsyl Steel!. "
....
" 100
Pref!
Phlla Co.
"
60
PlanterBComp!(Boit)lO0
"
Qnlncy Mining.
25
Rhode Isl Mln.. "
36
Santa Tsabel G "
6
MIBCBLLANBOnS.
OanT. Bessemer
"74"
6
696
NoAmQ
8454
(PhU)lOO S80
OnltedNJ
25
OnPow4Trani "
West Bnd pref. (Boit) 60 112
.
74"
4«x Telephone
160
178
300
100
lilttle
mer.Oement! (Phil)
*28
<*nranthaler
4694
153
170
895
Ft8 4M..(Boit)100 101
Pref.
35
C9
6%
"
Boston 4 Montana
.... 25
"
Rutte 4 Boston
.... 10
"
.... 2S
Calumet 4 Hecia
8296 Cambria Steel, 810^4 paid. ..(Phlla.) .... 50
6196 Consolidated Qaa
(Bait.) ....100
35
Dominion Coal
(Boiton).... 100
60
"
Brie Telephone
....100
9W
3454
3454
20,834
8,86"
904
8,510
80C
12,038
19<
6,93B
315
435
108
830
31%
59
8«
•d3
885
8994
8
•1294
106>ii
36
1
6
430
60)4
61
93
llfc%ll8>4
ISH 13
•81
181
430
113
840
21)4 32
6
75
no lale wa made.
Bid and Mkedprioet
133
131
180
485
108
•830
435
•35
56>a
IX
14654 14394
148V4
123
183
179H» 183
•80H
82
V4
14SH 14354 143 143
8194 31%
31X S2
62
63
148^
885t
1«
1
(Boiton).... 100
11654 AmaUamated Copperl
"
....100
8854 2354 Amer.ARTlcal. Chemloall..
83
"
....IOC
83
Preferred !
•I
(Phlla.).... 50
156 American Alkali
"
.... SO
Preferred, 910 paid .......
14896 148)4 American Sngar Refining T. (Boiton).. ..100
131>9 13i
"
....100
Preferred!
180 lei's Amer. Telephone 4 Tel.Co..
"
..,.100
116
11754
88
83
•74"
6
118^118H
12X lB>g
118)^119
2-.%
82
426
103!^ 10594 10954 108
833 eso
S35 836
21 Ja 23
289< 3S«
"ssii
6
81)<
4^5
59
85J<
93M 92N
•92H
18
410
426
107
835
483
104
885
115U 115
1)4
iVeJi
KG
•94
88V.
26)4
2:54
46
46M
101
10854
BiH 8894
30% 31)4
88H »8V
81
3\%
IBM IB",
(Boiton)....10C
(Phlla.).... 5C
"
.... 5C
7354
a
3 "94
44M 44%
Preferred.
Old Colony
809
1,201 13^54 Feb.
100 14:^54 Jan.
69 126 Jan.
425 3754 Jan.
204 45 Feb.
43 139 Jan.
8,145 3854 Jan.
8.794 24
Jan.
5,t87 7754 Jan.
1,380 1354 Jan.
70 8854 Jan.
79 Jan.
8754 Mar.
19 305
Jan-
(Phlla.) ....100
"
....IOC
72
78)4 PennsylTanla
8096 21 7-16 Reading Company
8B>6 3854
lit preferred
2796
2d preferred
85M 2554 25)4 Seaboard Air Line
72
102)6 103
114
1U%116>< 111X115
26i«
1V(
*
309
'
Lowest.
68 261 Jan.
S 265
Apr. IB
910 189)4 Jan. It \e9^ May 23
83 241
Jan.
248 Apr. 88
747 190
May 15 300 Apr. 21
(Boston). ...100
"
....100
Boiton Elevated, fall paid..
"
....100
Boiton & Lowell
"
....100
BoitonA Maine
"
....100
Chic. Burl. 4 Qulnoy
"
....100
Stock
Ydi.
Un.
Chlo. Juno. 4
"
....100
Preferred
Choctaw Oklahoma 4 Qnlf.. (Phlla.).... 60
"
.... 6C
Preferred
....(Bofton)....100
Fltchburg, pref
(Phlla.) .... 60
Lehi«h Valley
Mossachaietti Bleot. Cof.f.(Boiton)....100
....100
Preferred!
....100
Mexican Central
(Bait.) ..., SO
Northern Central
Boiton& Albany
213
1901.
Week.
% IndloateB aullBted.
•
10754 10794
106!4 106H
134
135
109*4
95%
no
••••
118
1 1 • 1
n-J"
79)4
eo
96
lAnd
9894
•Prloe inoiudei overdn* eoupc n*.
Interest.
|[
—
—
.
...
..
.
.
.
.
..
.
THE CHBONJCLE.
1030
[Vol. LXXII.
InxTjestmjent atx£ llailrxrad Itxtjelligjeujcje*
'W»WWW»IWWW<»
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly retum»
can be obtained. The first two columns of figures give the gross earnings for the latest week cr month, and the last tw©
columns the earnings for the period from July I to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent pa^e.
Notice Cliange-Our yearly totals now all date from July 1.
Latest Orost Earnings
EGADS
Week
or
Adirondack
Ala «t Soutlicru
Ala Midlauil
AJa N O & Texat
NO&NoEast
Ala & Vlcksb'g
Vicksb
Sli
Ann Arbor
Anil Wash &
Top
Atoll
&
Month
March...
2d wk May
March
Pac June
April
April
P. April
3(1
Bal.
ifcSFe.
wk May
March
March
to
Latest Date
Current
Previoxi^
Current
J^evious
Ye-ar
Year
Year
Year
$
18,198
$
15,887
30,835
89,622
$
149.657
36,08
87^-il
1.922,495
808,309
W
April
.VI
&E
.
.
Mwk
PtW&
W
K
KCMem
.
Week
or
Month
156,474 Macon A Binn
April
1,844.233 Manistiqun ..
April
734,784 Mexican Central 2dwk
122,119 1,634,247 1,545,766
713,068
789,329
43,178
609,348
770.400
45,253
28,053 1,506,677 1,502,393
46.233
56,077
6,274
3,909,400 40,145,164 35,000.826
218,941 1,957,289 1,740.349
349.314
390,163
32,508
582.585
554,330
04,520
729,710 5,809,978 5,543,969
151.602
188,959
12.450
128,799
11,980
208,644
8,493
3,581,752 39,044,060 35,253,791
890.862
112,054 1,081,714
33,754
33,521
1,890
34,361
4,130
37,550
27,456
2,601
27,369
529,556
54,825
515,971
129,043 5,115,040 4,336,642
47,558
546,175
594,957
76.418 4,327,852 4.388,350
584,000 26,573,800 26,622,813
85.425 6,174,004 5,454,631
48,031
534,038
538,033
236,446
36,892
Pt. March
Atlanta, <fe
62,815
arch
Atl Coast Line...
782,914
.fewest.
wksApr
AtlVald
3
15,264
Austin & North w .March
19,402
Balt&Anu SL... March
7,629
Balt& Ohio....) April
3,839,615
»B & O Southw. I
Bangor & Arooi»t March
137,786
Bath & Hammoii March....
2,133
Bellefonte Cent' Apnl
3,599
Bridgt & Saco R February
2.500
Brunsw AWesfn .March
50,262
BiiffRoch& ti;ts 3d wlc May
98,916
Butt'alo ASosq... Vf arch
60,051
No
2d wkMay
Burl C Rap &
79,370
Paclttc
2dwk
May
565,000
Canadian
Cent'lof Geor)2i!i 2dwk May
99,165
52,410
Cenfl New Eng. March
Cent'l ol N Jersej April
1,340,189 1.236,991
Central Pacitic.. March
1,589,277 1,444,794 14,527,833 14,079,494
17.565
1,554
2,089
18,104
Cent'l Pa & West March
5Ct6.9^;3
Charleston & Sav March
86,652
574.310
76,997
1,925
80.285
79,920
Chattan South'n. IstwkMay
1,244
Chesap A. Ohio... .'dwkMay 303,458 250,399 13,279,371 11,505,201
661.637 595,784 7.531,708 6.474,437
Chic & Alton Ry. AprU
3,940,067 3,952,050 37,754.831 30,361.336
Ch.c Burl A Quiu March
Illinois. 2d wk May
Chic
94,202
81,395 4,900.898 4,561,112
Chi 3 Gt Western. 2d wk May 125,252 112,156 6.067.791 5,863,989
2dwk May
Chic Ind & li'v.
78.590 3,570,733 3,024,395
85,717
Chic Mllw & St P 3(1 wk May 715,009 690,031 37,720,35 !7,378,150
Chic & North W'u April
3,478,050 3,374,641 35,747,182 35,857,243
Chic Peo & St L ? AprU
102.241 106,180 1,145,437 1,254.959
StLCh&StPJ
ChicRI&Pao... March
2,064,950 1,902,446 20,508,796 18,455,223
ChioStPiil &0. "arih
856,149 802,959 8,225,007 8,158.289
Chlo Term Tr RB 2d wk May
25,181 1,226,173 1,063,611
29,679
Choc Okl & Gulf. Ithwk Api *104,G12 *55,220 *3,710,520 *2,200,160
OinNO&TPiic. .;dwk May
96,922
94.715 4,334,384 4.449,915
Cin Portsm & Vs. April
325,295
30,002
27,689
297,802
ClCinCh& StL. ^d wk May 334,456 303,653 15,291,400 14.588.215
Peoria & East'u 2d wk May
48,828
41,879 2,132.626 2,050,534
Clev Lor & WheeJ 2il w>t May
39.449 1.724,750 1,774.419
37,773
March
South
Colorado &
366,301 338,053 3,509,093 3.245.051
&Laii.
February
ColNewb
16,840
18.870
119,924
117,901
22,220
22,957
Col Sand <k Hoct lA wk May
916,199
877,202
Cornwall & LiCb March
25,774
23,455
190.281
222,027
Cumherl d Val ej March
81,619
76,258
822.849
708.971
Denver <fe Rio Gi 3d wk May 205,500 188,000 10,132,602 9,002,033
Denv & Southw. February
171,271 207,579 1,611,934 1,044,051
Det & Mackinac. March
77,290
84,134
626,080
574.236
Dul & Iron Ran ^ e February
77,389
74,104 2,753.104 2,885,730
DolSo8h&Atl.. •2d wk May
46,060
55,252 2,133,692 2,251.459
12,415
E St L & Carond. April
13,976
125,722
129,925
Elgin Jolife East. March
194,451
158,048 1.483,362 1,432,497
March.
Erie
3,399,634 2,998,870 28,660.568 28,863,980
May
Evansv & Indiau
5,116
6,126
283,376
316,793
TH...
2dwkMaj
Evansv&
25,277
24,490 1,248,139 1,258,200
.March
FindFtWA
6,485
7,335
82,187
93,919
Denv City -March
171,884 118.238 1,599,047 1,242,921
FtW&Rio Gr... 3d wk May 13,053
600.140
7.543
433,004
March
Georgia RR
163,4:92
160,103 1.450,403 1,295,228
Ga South & Fla.. April
91,208
91,425 1,011,392
997,070
Gila Val GAi N.. February
29,743
19,951
251,351
229,208
Gr Trunk System letwkMay 510,321 407,728 22,201,701 21,719,839
Gr Tr <fe West'u IstwkMay
80,703
70,343
DetGrH&M.. IstwkMay
16.746
19,500
898.826
880,619
Great North'n
StPMinn&M. April
1,917,003 1,797,687 19.214.773 19,988,732
East'n of Minn April.
183,844 231,500 3,033,114 3,000,118
April
Montana Cent'l
178,153 123,800 1,815,187 1,782,507
Total system. April
279,000 2,153.053 24,003,074 24,777,357
Hocking Valley.. Qa wk May 105,374 104,532 3,9S7,496 8.772,304
Hous & Tex Cent -March
393,053 244,058 3,996,609 3.167.680
Illinois Central.. April
2.884,309 2,411,200 30,747.271 27,214,709
Illinois Southern March
9.793
86.329
IndDec&Wesfi February..
50,052
48,343
493.011
451,811
Indlll&Iowa... March
131,958 105,030
983,090
826,019
Int & Gt North'n 2.1 wk May
78.535
58.858 4,108.422 3,819,431
WkMay 4. 94,200 84.500 3,387,000 3,486,700
Interoc(Mex)
Iowa Central
3d wR May
36,251
35,021 2,006,072 2,088,018
Iron Railway
April
5,151
5,334
48,400
02.307
Kanawha ik Mich 2dwK May
18,848
14,117
790,729
645.520
C Ft Scott & W 2d wk May 114,746
91,313 5,774,410 5,012,007
& Birnj 2d wk May
48,916
27,130 1,772,340 1,480,755
Kan City & N \V. April
33,130
28,433
338,059
333,343
Kan City South'n .March
420.458 340.580 3,4''8.70( 3,081,529
Lehigh & Hudson April
33,924
39.123
366,961:
405,741
Lehigh Val RR. -Viarch
2,531,903 1 .980,232
Leh Val Coal Co. March
1,556,881 1,282,097
Lexing &' East'n. March
29,404
27,405
260.204
217,149
Lo8 Angel Term. .March.
15,301
10,589
128.104
91,012
Lou Hen & St L.. ithwk Apr
14,255
17,342
550,37
520.709
Lonisv & Nashv. 2dwk May- 556,365 502,810 25,384,830 24,298,483
AtlKnoxv&No.
Latest Gross
EGADS
I
Mexican
146.361
60.100
67,373
31,034
5,895
1,638,722
"^Atlauta&Char.. February
July 1
Intern'l
May
March
t^fexican Nat'l
2d wk May
Mexican North'n March
WkMay 4.
IMexicanRy
Mexican South'n 1 st WkMay
Minneap A St L. 2dwk May
M St P <fe 8 St M. >A wk May
Mo Kan & lexa? 2d wk May
Mo Pac & Iron Mt 3d WkMay
Central Branch 3d wkMay
3d wk
Total
Mob Jack & K
C.
May
Wk May 18
Mobile* Ohio... 4prll
Mont & Mex Gull March
NashCh& StL,.. April
Nevada Central.. March
N Y C & Hud Riv AprtL
N Y Ont West. March
-V Y Susq & West March
Norfolk 6c West'r. 2d wk May
Vorthern Central March
North'n Pacified 2d wk May
Ohio River...
2d wk May
<fe
Pacific Coast Co. March.....
Paeitio Mail...
March
Pennsylvania^
March
Penn & Northw'n March
Pere Marquette. 2dwk May
Phlla& Erie.... March
PhllaWilm&B.. March
Pitts Bess & L E 4th wk Mar
CC&
St L
West'n.
Pittsb CI & Tol
Pittsb Pa & P.
Total system..
Plant SystemAla Midland..
Bruns & W'n..
Pittsb
P.ttfib
&
April
March
March
March
.
2d WkMay
March
Mi»ch
March
Sav Fla & W.. March
SilSOc&G... March
Eamingt
Current
T'revious
Year
Year
$
7,143
7,978
to
Latest JOttU
Current
Year
I^evifftu
Year
9
93,897
65,988
72,678
8,907
76,840
S69A29 348,397 14,760,437 14,778,411
512,201 503.482 4,181,688 3.734,221
155,140 163,786 6,647,447 6,560,803
58,856
53,147
514,207
468,958
94,500
91,800 3,678,800 3,836,810
18,255
17,498
691,403
672,848
58323
51,345 2,827,066 2,480,825
97,961
89,350 3,867,135 4,495,453
267a54 195.114 13,476,302 11,204,7801
522,000 462,000 9,008,940 26,119,953
18,000
22.000 1,179,739 1,175.873
540,000 484,000 30,188,679 27,295,825
2,648
123,894
100,723
3,584
C443,300 c 423,000 < 5, 146,200 c 5,062,463
111,979 124,399 1,041,952
999,468
a561,185 a567,946 a6,413,239 a6,017,278
2,570
24,615
23,566
3,221
4,446,334 4,253,361 46.482,991 45.297,82*
446,284 365,980 3,865,427 3,791,215
230.392 211,562 1,888,903 2,044,414
328,575 281,733 13,781,110 12,003,481
645,210 624,710 5.956,979 5,919,479
613,717 575,241 29,224.429 27,265,507
li7,732 1,288,644 1.157,246
27,842
386,553 375.118 3.869,079 3,933,491!
164,208 275,591 2,328,286 2,952,5U
7,615,131 7,014,932 66,472,538 59,366,338
522,287
515,476
61,400
54,393
161,270 130,572 7,468,690 6,687,664
486.129 374,487 4,518,492 4,270,203:
983,307 885,007 8,621.701 8,156.301.
54,022
47,782 1.757,753 1,504,384
1,642,846 1,477,503 16.103,455 16,275.640
209,491 191,766 1,655,118 1,554.429
873,329
932,564
126,615 116.486
302,318.
345,601
81,692
29,060
77,400
73,450 3,401,611 3,211,627'
87,341
50,262
76,997
524,366
24,434
Chas&Sav
July 1
$
6,196
808,309
89,622
515,971
54,825
574,310
86,652
3,933,503
480,292
163,185
21.115
734,784^
529,558,
500,963
3,361,453
201,423
Reading Co
& Read...
& It Co...
March...
2,415,752 2,091.412 20,923,336 19,941,943
March... 2.043,320 1,718,603 21,129,681 22,296,993;
Tjt both Co'e. March... 4,459,072 3,810,015 42;053,018 42,238,936
Rich Fr'ksb & P March...
678,834.
739,543
92,314
79,252
Rio Grande Jet. March...
380.426
433,341
41,145
40,231
Rio Grande So.. 2dwk May
476,024
460,117
9,415
9,260
Rio Gr'de West . 3d WkMay 100,400
81,700 4,289,817 3,904,759
St Jos&Grl.... April
110,953 104,127 1,158,860 1,184,429
St L Ken'et & So April
88,766
111,375
10,084
8,118
52,783
StL&NArk.... February
61,445
5.890
5,455
2d wk May 184,104 130,940 8,797,991- 6,954,371
.-<t L & San Fran
St L Southwest
2d wk May 122,754
93,228 6,610,713 5,261,737'
April
St L Van & T
168.124 150,702 1,059,273 1,631.064
San Ant & A P. March...
192,002 135,763 2,070,928 1,713,757
776,323
San Fran & N P AprU
846,799
79.791
68,319
860,839
818,333
18,384
SFe Pres&Ph. 2a wk May
18,562
Sav Fla Js. West. March
524,366 480,292 3,933.563 3.361,453
8,402,041
Seaboard Air L.. <!dwk May 206,057 179,183 9,488,81
854,425
715.295
Sher Shrev & So I st wkMay
15,897
3,862
201,422
Sil Sprs O & G .
March
163.185
21,115
24,434
213,650
244,729
19,926
SoC&GaExt... April
19,965
So Haven & East Aiiril
4,567
3,411
April......
Southern Ind
42.129
128,417
170,476
15,162
So Miss <fe Ark ... April
18,270
6,521,421 5,607,739 57,708,277 52,126.831
So Pacific Co 6... March
128,799
208,644
11,980
Austin & No'n. March
19,402
-March
Cent Pacific
1,589,277 1,444,794 14,527,833 14,079,494
GalHar&S A. March
592,047 534.961 5,021,740 4.723,197
HousifeTexOeu March
393.053 244.058 3.996,609 3.167,680
Louls'a West... March
151,738 119,071 1,285,080 1,032,027
647,686 585,786 6,031,417 5,489,509
Morgan's L & T March
228,750
210,658
19,595
21.472
N Y T & Mex March
Tex&NOrl.. March
255,777 172,930 2,044,190 1.407,771
^
13,270,031
arch
1,655,282 1,495.042 14.025,241
So Pac of Cal
389,926 326,768 3.205,843 2,837,697
So Pac of Ariz. March
March
221,211 161,532 1.724,531 1,491,402
N
So Pac of
598,000 548.494 29,611,608 27.582,897
.Southern Rallw'j 2dwk May
31,943 1.790,760 1,682.650
36,400
St 1 ouisDivis'n 2dwk May
127,205 122,528 1,325,780 1,383,469
Terre
& Ind ... April
411.260
459,189
31,140
38,820
Terre H & Peor.. April
340,112
625,998
11,270
5,011
Texas Central ... .'(Iwk May
Texas & Pacific. d wk May 199,186 142,062 9,995.618 7,608.274
90.323
120,100
8,200
10.000
W .. April....
TexS
49,174 2,210,351 2,058,401
54,510
Tol & Ohio Cent 3 wk May
938,007
22,501
14,901 1,010,992
Tol P&We.st .... 2d wk May
2d wk Ma>
44,803
26,435
TolStL&
32,838
29,364
Tor Ham &Bufl'. April.....
Phil
Coal
.
H
.
.
M
.
H
V&N
'
W
Union Pac RR
Oreg RR «te N
Oreg Sh Line.
.
)
>
)
Wabash
March
3a wk
3,289,620 3,123,713 32,842,044 29,657,898
May
W Jersey & Sea e March...
W VCen<k Pitt.. April —
March...
Western of Ala
-d wk May
LE
Wheel
.
<fc
Wisconsin Cent.. I'l wk May
Wrightf-v&T'n.. March
Yazoo & Miss V . vprU
315,032
243,710
99,535
73.040
55,234
100,000
13,678
440,864
291,420
216,110
100,970
05,108
49,020
109,380
15,340
330,854
15,055,458 14.098.551
2,699,870 2.450,470
881.610
982,784
580,691
(;47,4-48
2,573,489 2,319,918
4,644,620 4.902.640
134.539
132,115
5,342,217 4,648,970
* Figures for April are for the railroad only.
Covers results on lines directly operated east of Pittsburg.
Includes Chesapeake & Ohio fcouthwestem. Ohio Valley and Chicago and Texas for both years.
t Mexican currency.
cincludes Paducah & Memphis Division from July 1 in both years.
b Includes the Houston & Texas Central and its subsidiary
cBesultB on Montgomery Division are included In both years.
cf Includes St. Paul & Duluth from July 1, 1900.
5
f
lines.
—
May
——
-
... ..
.
.
!
!
THE (CHRONICLE.
25, 1901.]
Totals for Fiscal Year.
In the full page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
These with their dates are
still have their own fiscal years.
brought together in the following.
Latest Orots EamingH.
2d week of May.
'^ahiMih
Current
Previous
Year.
Year.
!
A Lake Erie. )
Wheeling
Olevel'd Canton A 8o <
^ieoonsln Central.... .»
1901.
1900.
315,621
291,853
49.626
108,867
55,2341
i
91,500
/ncreajje.
I
Decrease.
23,7681
5,608|
17,367
I
Total (59 roarts)
8 901,825
...
Net Inorease (10 60
Period.
Roads.
1031
8,048 631
p. o.){
937,175
853,194
83 981
first week of May our final statement covers
and shows 9 20 per cent inorease In the aggregate
the same week last year.
For the
67 roads,
Atlanta & Charlottd Atr Line.
Belief onte Central
Bnrllnirton Cedar Rap. & No.
Central of New Jersey
Chicago & North- Western....
Ohicajzo Rock Island & Pac.
Ohio. St. P. Minn. <fe Omaha..
Apr. 1 to Feb. 28
Jan. 1 to Apr. 30
.Jan.
.Ian.
May
14
1 to Ai>r.
30
1
to
J 'me 1 to
Apr. 1 to
Jan. 1 to
Gulf.. Nov. 1 to
Choctaw Oklahoma A
Cumberland Valley
Denver & Southwestern
Duluth South Slio. & Atlantic
East St. LoulB & Carondelet.
Pt. Worth & Denver City
Gila Valley Glohe & Noi th'n.
International
Lehigh Valley
<fe
Gt. North'n.
RR
Lehigh VaUey Coal
Manlstlque
Mexican
Mexican
Mexican
Mexican
Mexican
Central
International
National
I
Railway
Southern
Missouri Paclllo
Central Branch
Total
Monterey & Mexican
Northern Central
Ohio River
Paolflc
Apr.
Mar.
Mar.
Apr.
Jan. 1 to Mar.
Dec. 1 to Feb.
Jan. 1 to May
Jan, 1 to Apr.
Jam 1 to Mar.
Jan. I to Feb.
Jan. 1 to May
Deo. 1 to Mar.
Deo. 1 to MilT.
Jan. 1 to Apr.
Jan. 1 to May
to Mar.
Jan.
Jan. 1 to May
Jan. 1 to May
Apr. 1 to May
Jan. 1 to May
Jan. 1 to May
Jan. 1 to May
Jan. 1 to Mar.
Jan. 1 to Mar.
Jan. 1 to May
Gulf....
MaU
May
Pennsylvania
Jan.
Pennsylvania & Northwea'n. Jan.
Pere Marquette
Jan.
Philadelphia
&
Erie
Jan.
& Baltimore. Nov.
Phlla. Wllni'g'n
&
Lake Erie.
Pitts. Bessemer
Pitts. Clncln. Chic. & St. L...
You' gh'y...
Pitts. Charters
Bio Grande J unction
St L. Vandalla Terre H....
&
&
Jan.
Jan.
Jan.
Dec.
Nov.
& Eastern
Jan.
South. Missouri
Arkansas.. Jan.
Terre Haute & Indianapolis.. Nov.
Terre Haute & reorla...
Nov.
Texas & Pacific
Jan.
West Jersey & Seashore
Jan.
South Haven
<!b:
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
30
31
31
30
31
28
14
30
589,036
818.001
50.839
31
28
5203.'>1
,19,717
14
1.659,441
8,875.914
7,254,208
31
31
30
14
31
14
34 044
6,516.533
1,474 7.^7
2.«40,972
1.571,100
94,201
6.=>2,435
879,802
51,852
357,464
48,941
1,401,309
31
31
14
Mar. 31
Mar. 31
Mar. 31
Apr. 30
Dec. 31
Mar. 31
Apr. 30
Apr.
Apr.
Apr.
Apr.
SO
SO
30
May
14
30
Mar. 31
332,689
5,976,533
35,872
6,545,779
1,364.455
2,{»48,218
342,2:^7
1,911.325 1,834,225
472.871
453,126
2,885,691 3,461,753
21,717,837 19,59?, 537
176,747
178,142
3 038,684 2.7.'^4,882
1.328.366 1.093,306
4,647,625 4,424.025
322,093
376,519
6 491,243 6,287,479
187.928
193,917
1 58,920
970,472
14,0967,609
76.'j,027
273,473
4,293,470
610,564
14<',087
937,833
11,081
.'S2,44
8
806,627
234,395
3,048,117
560.564
table which
follows we sum up separately the earnings for tlie latest
week. The table covers the second week of May and
shows 10'60 per cent increase in the aggregate over the
same week last year.
Latest Gross Earnings by
2d week of May.
Weeks.— In the
1901.
1900.
Increase.
$
Alftbama Gt. Soathern.
Ann Arbor
BaSalo Rooh.
<b
f IttsbV
Burl. Ced. Ran. A North
Ofuiadlan Paclllo
Central of Georgia
Ohesaonake A Ohio
Chicago A. East. Illinois.
Ohio. Great Western
Ohlclndlan'lis & Lonlsv
Chicago Mllw. & St. Pan
Chic Term. Transfer .
Oln. N. O. & Texas Pac.
Olev. Cin. Chic.
Peoria
&
&
St.
L.
Eastern
&
Denver* Rio Grande..
Daluth So. Shore & At..
Evansv. A Indlauapous.
Kvansv. & Terre Haute
Ft. Worth & Rio Grande
Hooking Valley
Intem'l & Gt. Northern.
Iowa Central
Kanawha & Michigan.
Kan. City Ft. 8. A Mem
Kan. C. Mem. & Blrm.
Nashville
.
Mexican Central....,..^
Mexican National
Minneapolis & St. Loola.
Minn. St. P. AS. Ste.M.
Ho. Kansas A Texas
Mo. Padttc A Iron Mt Central Br>tnch
Mob. Jackson A K. Olty
orf oik A Western
Korthern Paolflo
Ohio River
Pere Marauette.
.
..
.
Pittsburg A Western....
Bio Grande Southern
Klo Grande Western
8t. Louis A San Fran
Bt. LonlB South weaterr
Santa Fe Pros. A Phcenlx.
Seaboard Air Line
Boathem Kallwav
St.
Louis Division
Texas Central ..... ......
Texas A Paclllo..
Toledo A Ohio Central...
Toledo Peoria
Tol. St. L.
A West'n..
A West
85.717
727,062
29,679
96.022
334.456
37,773
22,220
210,30<i
46,660
6,116
25,277
10,600
105,374
78,535
35,820
18,848
IU.746
.
&
125,2.'S2
48,82(ii
Olev. Lorain & Wheei'g..
Hooking
Col. Sandusky
Louisville
30,682
34,060
118.727
79.370
665,000
99.165
303,458
94,202
43,916
556.365
369.129
155,140
58.823
97,961
267,154
567,000
19,000
3.227
328,575
613,717
27,842
161,270
77.400
9,415
99,800
184,104
122,754
18,562
206.057
593,000
36,466
11,276
199,186
45,098
22,561
44,803
Decrease.
9
S
153
36,835
5,576
28,50.'5
129,043
76,418
584,000
85.425
250,399
81,395
112,166
78.590
679,736
25,181
94.715
303,653
41,879
39,449
22.987
191.300
55,252
6,126
24,496
6.476
104,532
68,868
33,963
14,117
91,313
27,130
502.810
348.397
163,786
61,345
89,356
195.114
511,000
25.000
3,491
281,733
575,241
27.732
130,572
73,450
9,260
80,200
130,940
93,228
18,384
179,183
548,494
31,943
5,011
142,062
55.318
14,901
26,435
2,952
10,316
«*• 19,000
week
1st
o1
May.
1901.
8
9,002.506
89,252
94,200
9l,50u
18.255
8,703
previously rep'd(62 r'ds)
Burl. Ced. Rap. A North.
Interoceanlc (Mex.)
.
Mexican Railway
Vtexican Southern
Rio Grande Southern
lorai 67 roads)
Net inorease 9 20
9,307,416
1
p. o.
1900.
$
8,240 386
78.740
84 500
9l,8tO
Increase.
S
887,364
10,512
9,700
125,244
2,70P
17,498
10.248
757
8,523.172
911,033
784,244
..
Decrease.
"i'.645
126.789
Net Earnings Monthly to Latest Dates.— The table followand net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the Chronicle of May 18, 1901.
The next will appear in the issue of June 22, 1901.
ing shows the gross
.
—
..—^iVet Earnings.
-Gross Earnings.
Current Previous
Current
Previous
Year,
Roads.
S
1,340,189
6.273,793
661.637
7,531,768
438.235
4,76^,109
569,319
5,813.561
419,449
4,145,407
Year.
$
1,236,991
Cent, of N.Jersey.a.Apr.
4,774,188
Jan. 1 to Apr. 30....
595,784
Chicago A Alton. a Apr.
6,474.437
July 1 to Apr. 30
358,658
Chic. A East. 111. b.. Apr.
4,390,928
July 1 to Apr. 30...,
501.035
Chic. Gt. West'n. b Apr.
5,639,044
July 1 to Apr. £0....
397.^63
Cln. N. O. A T. P.a.Apr.
4,270,186
July 1 to Apr. 3y....
Fonda Johnet. A Glov. 68.903
65,401
Jan. 1 to Mar. 31....
91,426
91,268
*a. South. A Fla.a.Apr.
997,076
July 1 to Apr. 30 .. 1,011,392
Od. Rap. Gas-L. Co.Apr
Jan. 1 to Apr. 3o.
Kalamazoo Gas Co Apr.
Jan. 1 to Apr. 30
'oOn.Hen.ASt.L b..Apr.
52,775
51,364
July I to Apr. 30 ...
650,372
526,769
15,182
Lowell Eleo. Lt. Co. Mar.
14,120
Jan. 1 to Mar. 31
137,296
119,384
Ogdens.
A
L.
Year.
Year.
%
9
519,823
474.194
2,205,109 1,812,868
210,167
194,115
2,582,104 2,512.536
1 25,662
187,742
2,042,086 2,023,380
i; 9.968
145,127
1,804,231 1,888,368
101,326
97.638
1,067,419 1,211,923
16,303
16.535
261,070
13,010
57,727
2.260
10,048
12,747
170,285
5,639
46,285
17,943
19,04»
274,517
12,212
57,194
1,694
7,685
11.101
169,131
4,799
44,910
Champl.—
114,403
165,098
59,474
27.987
S7.';,118
386,553
61,647
80,828
July Ito Mar. 31.... 3,869.679 3,933,491
851,995 1,084,460
Puts.
St. L.a. Apr.
439.104
326,146
1,642,846 1,477,503
Jan. Ito Aiir. 3o ... 6,491,243 6,287,479 1,744,038 1,552,356
Plttsb'gAWest'D.b.Mar.
337.312
174.455
367,798
137,800
July Ito Mar. 31.... 2,933,282 2,730,076 1,059,321
830,528
Santa FePres.A Ph. Mar.
48.104
86,614
46,567
83,600
Texae Central. a... Mar.
24,112
55.646
26.076
1,211
July 1 to Mar. 31....
306,936
305,091
126,409
547,545
Jan. 1 to Mar. 31....
Paolflo Coast Co. .aMar.
CCA
13,740
53,059
12,807
13,096
7,127
47,326
'iver
7,9.57,247
1,645,600
97,526
21 12,278,9r.8 10,593,996
21
4 18.211
442,52:^
21 12.721. 4R0 11 Oi2,207
9
14
Mar. 31
Mar. 31
Mar. 31
May
2,470,627 2,2:i9,533
14,381
18,463
1,717,267 1.627,090
5,273.793 4,774,188
39.435,353 39,492, .^44
26,066,075 23,352,045
2,8*^4.727 2.265,338
2,937,794 1,500,564
237.378
219,511
.*•..
•••.
4 498
2,207
30,803
6,949
1,676
737
a Net earnings here given are after deducting taxes.
b Net eamlnss here given are before deducting taxes.
19.000
.•• .•.
.
^,
8,592
1,010
781
4,12a
842
19,677
1,857
4,731
23.4^3
21,786
Year.
..--
8,616
7,478
8,605
72.040
56,000
..- _.
.
_-
• •-
Ogdensb.
-
6,000
264
.
46,842
38,476
110
30,698
3.950
165
19,600
63,164
29,626
178
26,874
49.506
4.523
6,265
57,124
>>•. .>.
7,660
18,368
Current Previous
Previous
Year.
Year^
Year.
»
Boads.
9
$
$
Ohlc, A E. Illinois.. Apr.
77,367
28,768
125,209
129,124
July 1 to Apr. 30... 1,504,728 1,272,281
956,435
917,532
Fonda Johcst A Glov.—
Jan. 1 to Mar. 31
20,577 *def.6,293 *def.l,487
26,985
Current
53.5=^5
20,732
Interest Charges and Snrplas.— The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &o., with the surplus
above or deficit below those charges.
-Int., rentals, etc.
K^Bal.of NttEam'».—>
A
L.
Champl.—
Jan. 1 to Mar. 31
eUts,
A St. L. Apr.
Jan. 1 to Apr. 3u
CC
"
40,811
231,303
1,092,469
89,924
307,366
1,217,431
-20,662 'def.9,070
18.779
J07.S01
3b4,926
651,569
After allowing for other Income received.
STREET RAILWAYS AND TRACTION COMPANIES.
•••• >•••
The following table shows the gros$ earnings for the latest
period of all street railways from which we are able to obmonthly returns. The arrangement of the
that is, the
is the same as that for the steam roads
first two columns of figures give the gross earnings for; he
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including suoh
latest week or month.
tain weekly or
table
10,220
—
—
.
..
...
—
,
—
—
THE CHRONICLE.
1032
[Vol. LXXII.
—CurrentBurnings.
—
Previous
STREET RAILWAYS AND TRACTION COMPANIES.
Latest OrosB Earnings.
GBOSa
Eabnimob.
Week or Mo
Jan. 1
Vur'nt Prer'M*
Tear.
Tear.
OrosM
to Latest
Date
Current
Previous
Tear.
Tear,
9
American
R'ys. Co.J. April
Atlanta Ry. A Power.
Bingham ton St. Ry..
Br'klynRap.Tr.Oo...
OhloaKo A Sill. Eleo,.
j
December
April
I
March
April
April
Gov
Oln. Newp.
City Eleo. (Rome,Oa.) April
April
Cleveland Electric
March
Cleve. Palnflv. A E.
April
Consol. Trao. (Pitts.)
Dart. A W'port St. Ky. April
Denver City Tram.. jApril
2 wks May
Detroit United
Dnlnth-Sup. Tract
April
A
1
.
.
.
DuluthBt. Ry
February
Galveston City
Harrisborg Traction. April
,
213,845
64,088 61,030
224,113
594.96(1
536,643
53.000 47.2VJ4
53.8.56
51,135
13,994 12,787
955,604 930.112 2.716.648 2,671,725
26,922
10.443
34.042
8,103
231,668
242,596
62.980 60.184
12,151
12,763
3.161
2,831
621,138
174,849 161,579
667,545
22,627
26,01?
9,637
8,139
920,934
868,995
238,706 234,247
21,809
7,610
28,913
7,414
379,146
116,356 99.330 435,296
96,151 84,997
883,096 800,701
36,7*4 34,418
*6,568
27,003 '25,856
4,570
(Buffalo)
March
Johnstown Pass. Ry. February
Lehigh Traction
Lorain A Cleveland.
April
,
March
March
Uaaa. Eleo. Oo.'s
Montreal Street Ry.. April
February
Mnaoatlne St. Ry
Kewburg
St.
Ry
New Castle Traction.
New London St. Ry..
Northern Ohio Tract.
Ogdenflburg St. Ry..
Glean St. Ry
April
April
April
April
April
April
,
.,
4,435
Eallways Co.Qen.—
Roads
17,326
17.622
606,007
246.563 206,239
693,319
25,971
30,178
14,644 12,554
33,952
37,712
9,997
8,204
5,846
5.807
396.351 377,588 l,li3'.533 1,0'79,568
654,886 519,283
144,131 133,475
11,493
11,685
5.407
5,554
23,018
22,854
6,372
6,218
34,642
32,625
9,059
8,720
3,02t
13,381
11,680
3,636
122,739
149,408
39,618 37,049
4,708
5,134
1.424
1,471
14,751
13,773
3,750
3. £05
Light Co'8
Blcluuond Traction.. March.
Sacramento Electric
Gas A Ry
29,640
30,086
13,759 13,037
283.395 246,246 1,313,049 1,107,342
14,136
1,602
16.352
April..
April..
61.712
6,766
13,181
42,980
37,561
29.344
46,394
82.788
26,549 22.259
26,980 23,542
232.243 215.791
18,8C>3 17,172
95,792
195,490
99,936
85,033
36,595
103,618
532,931
926,312
54,802
85,369
181,083
82.788
76,237
35,179
86,998
489,570
861,468
51,227
2 wks Apr. 27,79i 15,133
April
ilnc. 15 .930
173,540
f/n<;. 39,
113,156
705
March
Boranton Railway... April
Seattle Electric Co. . January...
Southern Ohio Tract. April
32,422
52,496
99,936
23.530
22,55fc
March
Btaten Island Elec
Taooma Ry. A Power
Toronto Ry.
Twin City Rap. Tran
Union (N. Bedford)..
Wnlon Traction Co.
(Anderson. Ind)...
United P. A Transp..
Un'd Rys.Co.St.Louia
AprU
464,454 477,713 1,767,677 1,811,444
United Traction—
April
107,024 103,847
422,991
United Tract. (Pitts.) ;AprU
United Tract. (Prov.) •April
159,961 153,382
197.000 l75,741
604,07t-
. .
Albany City
>
April
wk May
<;d
AprU
March
J
Waterville A Fairi'ld
February
Ry. & Light
(
*
3,509
746,729
6,800
. ,
Roads.
Binghamt'n St. Ry. b Apr.
Jan. 1 to Apr. 30...
Central Crosst'n (N. Y.)b—
132,851
Jan- 1 to Mar. 3i
43t>,084
July 1 to Mar. 31...,
10,443
Chic. & Mllw. Eleo. Apr.
121,539
July 1 to Apr. 30...
62,980
Cin. Newp. A Cov.bApr.
242,596
Jan- 1 to Apr. 30...
2,831
City Elec(Rome,Ga) Apr.
12.151
Jan. 1 to Apr. 30. .
Coney Isi A Br'klyn.b —
268.050
Jan. 1 to Mar. 31...
July Ito Mar. 31... 1,062,331
Dry Deck East B. A B b—
133,386
Jan. Ito Mar. 31...
434,971
July 1 to Mar. 31...
27.003
Harrlsb'g Tract'n. . .Apr.
288,176
July Ito Apr. 30...
.
.
142,658
453,443
8,103
91,701
60,184
231,568
3,164
12,763
28,868
111,077
4,859
65,003
t35,867
U40,130
181
2,099
258.371
960,29 i
87,296
42J,663
150,248
474,584
25,856
271,396
32,373
138,452
13,249
115,737
4,570
4,435
44,387
42,880
July Ito Apr. 30 ...
Metropolitan St. Ry.b—
Jan. 1 to Mar. 31.... 3,283,208 3,268,261
July 1 to Mar. 31.... 10,364,516 10,172,205
6,218
6,372
Newburg Electric. Apr.
79,407
75,665
July Ito Apr. 30....
39,618
37,049
Northern Ohio Trac. Apr.
321,955
886,454
July Ito Apr. 30....
3,750
3,505
Apr.
Olean Street Ry
39,511
42,948
July 1 to Apr. 30
Rochester Ry. b—
232,646
244,433
Jan. 1 to Mar. 31....
686,329
735,561
July 1 to Mar. 31....
46,394
52,496
Boranton Railway.. Apr.
496,400
498,984
July 1 to Apr. 30....
2,221
18,312
Herkimer Mohawk
Tlion
A Frank. El. Ry.Apr.
216,819
520,733
92,420
285,955
80,029
254,880
23,913
108,045
31,934
109,055
42,149
131,656
232,243
926,312
41,291
130,476
215,791
861,463
6.281
44,396
120,502
476.989
3,925
35,513
107,880
428,739
)
1
to Mar. 31....
Twin City Rap.Tr.b. Apr.
Jan. 1 to Apr. 30
J Taxes and tolls in April, 1901, were $12,398, against $12,315,
and from January 1 to Apiil 30, 1901, $49,800. aeainat $49,258.
After deduotine these items the net in April. 1901, was *23,469,
against $22,896, and from January 1 to April 30, 1901, $90,330,
against $aO,711.
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
Barplus or deficit above or below those charges.
Int., rentals, etc.
r-Bal.ofNet Eam't.—>
Current Previous
Current
Previout
—
,
Roads.
Central Crosst'n (N. Y.)—
Jan. Ito Mar. 31
July 1 to Mar. 31
—
>
Tear.
Tear,
$
9
Tear,
Tear.
$
9
27,088
81,264
27,389
82,166
*3,168
*34,191
* 12,638
*56,763
to Mar. 31
67,984
298,642
July Ito Mar. 31....
Dry Dock East B. A B.—
32.117
Jan. 1 to Mar. 31
9 7,753
July 1 to Mar. 31
Metropolitan St. Ry.—
1,128,967
JaiL 1 to Mar. 31
July 1 to Mar. 31
3,396,419
Rochester RailwayJan. 1 to Mar. 31....
71,589
July 1 to Mar 31.
218,096
Third Avenue
440,824
Jan. Ito Mar. 31
34th Street Crosstown—
14,692
Jan. 1 to Mar. 31....
July 1 to Mar. 31....
43,799
28th A 29th Sts. Crosst.—
21,229
Jan. 1 to Mar. 31
Jtdy 1 to Mar 31
63,303
win city Rapid Tr. Apr.
74,167
286,461
Jan. 1 to Apr. 30....
76,293
280,426
*34,660
'145,068
*12,869
*128,006
32,272
99,274
*801
*42,334
Coney
Isl.
1
& Br'klyn—
Jan.
*
*
*1,949
29,144
*676,514
1,114,966
*729,398
3,288,649 *2,548,7i2 •2,432,650
73,620
221,914
*12,733
*61,005
*16,793
*59,889
"df.218116
13,966
42,121
*9,371
*64,996
*18,218
*67,684
21,178 *df.l4,886 •df.17,191
63,400 df.19,321 *df.27,70l
71.834
46,335
36,046
285,790
190,528
142,949
After allowing for other income received.
ANNUAL REPOR'rs.
190001.
189900.
1898-99.
Receipts from rent, etc
$314,764
Expenses of every kind, incL taxes... 86,475
$309,640
71,456
$302,970
67,176
Netearns.,excl'8'veof int onbond8.$228,289
on $3,000,000 bonds at ^^%. 135.000
$238,184
135,000
$235,794
135,000
Surplus over interest
$103,184
$100,794
Interest
- V.
$93,289
71, p. 1070.
Bay Counties Poirer
Co. of California.
(Statement of April 1, 1901. J
A circalar isaued by E. H. Rollins & Sons regarding the
company's $3,250,000 first consolidated 5 per cent sinking
Current Previous
fundSO-yeargold bonds, due Dec. 1, 1930, says in part:
Tear.
Tear.
Organization. —The company was incorporated under the laws of
4,774
4,617 California for the purpose of acctulring the properties of the Yuba
18,296
18,281 Electric Power Co. (incorporated 1898) and the Nevada County
Electric Power Co. (inc. 1895), increasing their present available
water power and transmitting Id to the growing local markets
.
.
Tear.
$
Louis Terminal Cupples Station & Property Co.
CFor the fiscal year ending May 31, 1901. J
The following is furnished to the Chronicle:
—
Previous
Tear.
Tear.
$
$
13,994
12,787
53,856
51,135
Tear.
Tear,
Tlie St.
Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings received
this week, In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that week, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
The next will appear
in the Chronicle of May 18, 1901.
la the issue of June 23, 1901.
Gross Sarmngs.
Ne t Sarn%ngt.
Current
*
Y b—
Ito Mar. 31
July
402,894
569,862
672,748
These are results for properties owned.
Only 13 cars operated.
.
(N.
Jan.
Interest Charges
98;689
Omaha ACoan. Blafi
February
Ry. & Bridge
Philadelphia Comp'y April
town
*14,l.'5e
104,587
Herkimer Mohawk II-
lonAF'kfortEl.Ry. April.
Intemat'l Traction—
Tear.
Roads.
Third Ave. (N. Y.) b—
Jan. 1 to Mar. 31
34th St. Cr'sst'n(N.Y.)b—
Jan. 1 to Mar. 31
July 1 to Mar. 31
28th A 29th Sts. Cross-
Net JSarnings.—^s
Current Previous
1.601,805
5,428,428
1,818
34,976
14,142
150,302
1,741
21,664
82,551
274,035
24,986
208,068
38,512
134,686
3.800
49,053
which the old companies have supplied In the past, as well as to the
chain of towns lying between the Colgate Power House and Oakland,
the extensive manufacturing plants on the Contra Costa water front,
and to the counties of Sonoma and Marin. The company has completed the necessary hydraulic works to generate 22,800 horse power,
J35,211
transiuission line to Oakland and intermediate
1139,969 with a double pole
markets capable of transmitting more than the full capacity of its
630 power houses, in which is already installed the necessary electric
3.018 machinery to generate 14,000 horse power, in addition to 3.000 horse
power machinery now being constructed to be placed in the Colgate
84,450 Power House in September.
Revendb.—The gross revenue for the past six months was $90,052;
346,974
operating expenses. $33,603; net, $36,449. The present monthly
derived from sales of less than 4,500 h. p. in the
33,653 Income of $15,000 is Valley, Marysville.
Sacramento and OrovUle dis127,048 Nevada City, Grass
tricts. Contracts have been executed for sales of $19,250 additional
12,268 power monthly, which only await the arrival of necessary equipment
116,313 on the part of the consumers to yield a progressively increasing
revenue. Deducting the 4,500 horse power sold and the 6,500 horse
732 power contracted to produce the $35,000 monthly revenue, set forth
20,718 above, from the 17,000 horse power machinery and transmission lines
Installed and ordered, there remains nearly 6,000 horse power still
for sale, worth from $4 to $6 per horse power per month.
1,715,825 available
The present income is derived from lighting the towns of Grass
5,240,733
Valley, Nevada City, Lincoln, Browns Valley, and furnishing power
1,831 to the Sacremento Electric Gas A Ry. Co., the Marysville Gas A Elec34,217 tric Co., Victor Gold Mines, California Dredging Co., Bear River Ex14,059 ploration Co., Continental Gold Dredging Co Lava Bed Dredging Co.,
121,555 Gold Hill Mining Co., Allison Ranch Mining Co., Brunswick Mining Co.,
Blining Co., Grata Valley Exploration Co., etc. The additional
1,100 Empire
amounting to $19,260 monthly, are with the Marysville
18,114 contracts,
Woolen Mills, Allison Ranch Mines, OrovlUe A Bear River Dredges,
Kullman, Salz A Co., Selby Smelting Works, Oakland Transit Com88,545 pany, California Central, and the cities of Woodland, Benioia, Vallejo,
275,635 Napa, Port Costa, Martinez, etc. These contracts will commence
19,901 earning during the month of May. Depreciation and replacement re,
230,153
quirements to a plant of this character in California are very
light.
Mav
THE CHRONICLE.
25, 1901.J
ESTIMATED OK088 MONTHLY REVENUE AND EXPENSES DURING 1901-1902
$15,000
From sales of power now belnK delivered
From sales or power for which contracts have been 19,000
executed, commencing about May 1, 1901
From sales of additional power, which should com- 15-800
mence about Dec. 31, 1901
$49,900
Estimated monthly revenue during 1902
business
$6,000
present
on
expenses
operating
Average
4,000
Additional operating expenses of plant at fall earn, capacity.
$10,000
Estimated monthly expenses
Estimated monthly net earnings
Interest on $2,250,000 of 5% bonds
Interest on $750,000 of 6% 2d mortgage bonds
^^^•^^'^
i.Vo,-=
1033
"The factory of the New Brunswick Rubber Co., where
bicyle tires v^ere made, has been sold on advantageous terms,
and this company has retired from the manufacture of tires.
"The physical condition of all the factories has been kept
good and the cost charged in the several expense accounte.
1q the matter of claims referred to in previous reports, |100,000 has been received this year, and further claims remain to
be adjusted. The business of the year has been marked by
good collections and freedom from any unusual amount of
bad debts."
The operations of the company for the year ended March
31 were:
»?'2Z5
3,750
1901.
from operating plant.
Income from investments.
Net from sales of goods, &o.
1899.
1898.
$
$
$
231,355 2,246,030 2,519,231 1,411,395
34,267 987,743 897,150 844,929
Assets^
$2,945,341
Beal estate, water rights, rights of way and franchises
Generating and transmission systems
^'oo^'ii^
^oi.'79
Supplies and construction In progress
V"".Grass Valley and Nevada City gas plants, buildings, furni-
Expenses, etc
265,622 3,233,773 3,416,381 2,256,824
203,016 225,886 189,867 185,573
Balance
Dividend on
62,606 3,007,887 3,226,514 2,070,751
705,765 2,828,680 1,882,040 1,552,040
ture, etc
Bills receivable
Balance
Previous surplus
Available for sink, fund and dividends per month, estimated. $26,775
BALANCE SHEET APRIL IST, 1901.
and uncollected
orw'oo?
bills
I'^nA
Treasury stock
Treasury bonds
Cash
Total
qiq'o^a
tk'oSV
la.avi
def.643,l69
179,207 1,344,474
828,522 108,913
518,711
90,134
189,644 1,002,729 1,453,387
164,531
170,026 629,864
608,846
499,932
832,703
Total surplus
25.013
Surplus.
832,703
BALANCE SHEET MARCH
823,523
108,913
31.
*?,'9.9.^'9l9.^
Bonded debt
Unpaid bills and drafts outstanding
Bills
pref. stock.
Charged depreciation
$6,129,574
„„ ... „„„
—
Liabilities
Capital stock, authorized $5,000,000; Issued
1900.
$
Profit
^'^?2'229
1901.
,iS'^Z)^
11 3,000
payable
$6,129,574
5 n. c. gold bonds, due Oof. lst>
1930, $v!, 2.50,000; second mortKage 6 p. o. gold bonds, due April Ist,
1931, $750,000; total bonded debt, $3,000,000. The first mortgage
bonds are dated Sent. Ist, 1900, due Sept. Ist, 1930. Interest payable
March and Sept. Ist, In San Frauclsco or New York; trustee. MerThese bonds are secured by
cantile Trust Co., of San Francisco.
mortgage upon the consolidated properties and all future acquirements and extensions. Under the provisions of the sinking fund, onehalf of th« total Issue of $2,250,000 must be retired before maturity
by purchases by the trustee In open market.
Officers AND DiutCTOKS.— Eugene J. de Sabla Jr., President; Wm.
M. Plerson, Vice-President; Chas. A. Grow, Secretary and Treasurer;
R. R. Colgate, John Martin, Geo. A. Batchelder, R. M. Hotallng.-V.
72, p. 987, 823.
Total
Bonded Debt.— First mortgage
$
AHsets—
1900.
«
628,630
1899.
1898.
$
$
763,491
557,667
494,888
670,155 1,887..506 1.799,156
724,180
Notes & accts. reo'vable.
Merchandise on hand.... 1.259,35S 1,394,019 1,617,610 1,743,381
47,323,366 46.961,836 46,910,509 38,259,322
Investments
Cash
50,016,356 50.871,993 50,884,942 41,221,770
Total
Liabililies—
Preferred stock
Common stock
Accounts payable
Due companies
Reserved for dividend
Surplus
23,525..*00 23.525,500 23..525,500 19.400,500
23,666,000 23,666,000 23,666,000 20,1 66,000
1,648,694 1.417,094 1,711,263
569,285
*1,151,149
*253,015
*217,635
'589,062
1,177,680
941,020
388.010
832,704
25,013
1823,523
108,913
50,016,856 50,871,993 50,8S4,942 41,221,770
Total
* Amount " due companies " represents goods sold by this company
n c'lmmlseion for manufacturing companies for which payment has
not been made.
addition "the undivided earnings" In the treasuries of the
f In
manufacturing companies, in which this oompany has investments are
(
Milnaakee & Chicago Breweries.
(Report for the year ending Sept. 30, 1900.)
The report shows results for the Eaglish oompany and
controlled property in America as below
its
now $1,175,495,-V.
72, p. 940, 679.
:
ENOLISII C*MPAMT.
189900. 1898-99.
1897-98.
1896-97.
£34,308
*7,209
«44,178
«82,17»
<«2,375
*2,680
«2,582
*8,267
901
Fnoometax
Dividend on pref.stook.(4%)3] ,000
7,328
Dividends, etc., received
jyeduct—
Expenses paid
Balange
^mr.
*30 df.*2,799
(6i«)42,625(10%)77,500
def.
UMITBD STATES BRBWINO OO.
1899-00.
189899.
snr.
1897-90,
£1,401
1896-97
624,724
Barrels s»ld.
716,489
$
$
Profits
Interest
824,882
7,098
646,376
4,911
613,800
$
763,629
8,288
Depr ^'elation
249,882
197,324
83,265
175,000
6.789
167,000
198,431
180,301
20,212
175,000
180,609
179,487
22,447
175,000
169.843
162,510
23,140
175,000
35,000
216,000
40^000
Deductions —
Repairs
Ollloe, etc.,
expenses
Bond
Interest
General Interest
Dividend to Enelish Co..
Balance
sur.
672,050
A 1,029
$
823,053
15,096
2.770 sur. 42,312 def. 15,626 def.86,345
-V. 69, p. 1299.
United States Bobber Co.
CReport for the year ended March 31, 1901.)
President Frederick M. Shepard says: "The year beginning
April 1, 1900, found the trade carrying over more than the
usual stocks of goods, because of the mild winter. Their
orders were, therefore, conservative, and smaller than the
average. The last winter, continuing warm and open over
great areas, also prevented sales. Our prices— though not
considered high by consumers or dealers— carried a profit
which enabled competitors to undersell us.
"At the February meeting, the dirt ctors decided to make
important changes in prices and terms and on April 4th
issued the following statement, viz.:
"The directors deem It Inexpedient to make any dividend npon the
preferred stock at this time. One mild winter following anotner has
nad the eflfeot of curtailing the consumption of rubber boots and shoes,
and being determined to retain Its trade, the directors of the United
States Rubber Co. deemed It advisable to reduce prices, and several
reductions have so far been made. As rebates to jobbers are given
when prices are reduced— notwithstanding the fact that the rebatot
were found to be less than anticipated— the earnings of the oompany
do not warrant the payment of further dividends for the present.
The directors regard the present policy of low prices as a wise provision for the future of the company, and so far this policy has resulted
in there being placed with the comrany unusually large orders for
goods, thus enabling them to give steady employment to the large
number of employes dependent upon the Industry.
"This course has been cordially approved by the trade, who,
finding that outside and untried goods were no longer offered
at a lower price, preferred to deal in our brands, which, by
long experience, they have found to be reliable. We have
received orders from them to such an extent that we are now
doing a much larger proportion of the whole business of the
country than ever before. The cost of goods is considerably
reduced by our factories having such increased work.
GENERAL INVESTMENT NEWS.
BAILB0A08. INCLUDING STREET B0AD8.
American Bail ways Co.— Consolidation Plan.— The plan
for the consolidation of this company and the Electric Co. of
America, as announced this week, provides for the organization of a new corporation with the following capitalization:
Oommon slock in $50 shares
$5j000;000
Of which In partial exchange for old stocks, say
3,100,000
As bonus with bonds
1,250,000
Preferred stock, 5 per cent non cumulative, subject to
call at par,
and
It
so retired replaceable
by common
2,o00,000
stock
Of which issuable as bonus with bonds
Bonds,
4t
2,260,000
15,000,000
per cent
Of which to remain In the treasury to be sold for cash or
used in the acquirement of other properties
3,500,000
To be sold at par with stock bonus to shareholders of
existing companies, the Issue being underwritten by
Ervln di Co
2,500,000
To be exchanged for $3,751,000 full paid stock of
American Rys, Co, (shares $50) at 110
4,126,100
To be exchanged for $20,403,405 stock 15 p. o. paid
(shares $50) of Electric Co. of America
4 692,782
The terms of exchange of old stock for new securities will
be on the following basis:
'Will be
giren
>
For each $100 par (shares $50; of—
Neio 4s. Common stock.
American Railways (full paid)
$110
$38 fO
Electric Co. of America ($15 paid up)
23
8 05
The shareholders in each of the exieting companies will
have the privilege of subscribing to the 4 per cent bonds at
par to the extent of 20 per cent of the amount of bonds to
which they are entitled in exchange for tlieir shares in the
respective companies. Subscribers to the bonds will receive
securities as follows for each $1,000 in cash: Bonds fl,C00;
preferred stock |900; common stock |500.
It is claimed that the new company will show results as
follows:
From E. C. A. properties, not less than
$350,000
From A. R. O. properties, not less than
225,000
Interest on $2,500,000 new money, say
lOO.OOO
Increased earnings, economies, etc
75.000
$750,0C0
Deduct—
Interest on $11,500,000 4 per cent bonds
Dividend on preferred stock, 5 per cent
Balance for
—V.
common
stock.
$460,000
125,000
$166,000
72. p. 987. 531.
Ashland & I ronton Bridge Co.— Plana Approved.— The
Department has approved the company s plan for a
bridge over the Ohio River at Ashland, Ky. The bridge will
War
be 1,825 feet long, the channel span to be 750 feet. A. C.
Campbell, of Ashland, is Secretary.
Ballston (N. Y.) Terminal YL^.-Sew Securities.— The
shareholders on May 23 voted to increase the capital stock
— —
—
:
THE CHRONICLE.
10 4
rvoL. Lxxii
from $300,000 to |1 ,500,000 and to make a mortgage for $1,- fully paid up was deposited with the Citizens' National Bank
The road, it is stated, will be extended from Balla- in Cincinnati on May 20,— V. 72, p. 437, 391.
200,000.
ton Spa to Amsterdam, a distance of 20 miles.— V. 70, p. 229.
Detroit & Lima Northern Rj.— Sold. —At the foreclosure
Brooklyn Uniou Elevated RR. -Lease.— The shareholders sale OD Thursday the propertv was bought in byF. J. Liswill vote June 25 on a proposition to lease the property to the man & C). of New York for $1,700,500. The road is to be
consolidated with the Ohio Southern under the plan already
Brooklyn Heights RR. Co. for 999 years.—V. 71, p. 340.
published. (See V. 72, p. 437.)— V. 72, p. 722.
Fiskfe
Messrs.
RR.—fle/ttudingr.—
BnfTalo & Sasqnehanna
Detroit & .Uonroe (Electric) Rj.-New Nmip.— This comRobinson give notice that on and after June 15 tha price of
the 4 per cent bonds given in exchange will be advanced pany has been incorporated In Michigan to build the electric
from the present price of par and accrued interest to 101 and line, 49 miles long, from Monroe to Detroit, Mich, (with
accrued interest. About 25 per cent of the 5 per cent bonds branches to Carleton, Rock wood, Trenton and Wyandot*^e),
which was described last week (pige 988) under the caption
has been refunded up to date. — V. 73, p. 871, 721.
Canadian Northern Rj.— Contract Approve^.— The^ con- Ddtroit & Tohdo Short Line RR. The charter was applied
for under this latter title, but the name was so much like
tract between the company and the Manitoba Provincial
Government by which the latter acquires under lease and that of the Detroit & Toledo Shore Line that it was not accepted by the Secretary of State. The company is orgaoized
8ub-lea5e8 to the Canadian Northern, with the right to purundtr the general railroad law, and therefore has the right
chase, 354 miWs of Northern Pacific branches in Manitoba,
of eminent domain. The authorized capital stock is $1,000,by
a
has been confirmed in the Canadian House of Commons
vote of 107 to 5. Various particulars regarding the contract, 030. Directors C. A. Black of Detroit (President), J. M.
which involves a guaranty of bonds by the Province of Mani Mulkey, A. E. F. White, E. M. Fowler and ArchurH. Fleming.— V. 72, p. 988.
toba, were given in V. 72, p. 338 and 437. The Manitoba
Pacific
Detroit & Toledo Short Line RR.— New Name.— See DeGovernment was to take over the lines of the Northern
at midnight May 31, but an injunction to prevent this has troit & Monroe (Electric) Ry. above.— V. 72, p. 988.
been obtained by a member of the political pirty opposing
Eel River RR.— Upset Price.— The upset price for the
Premier Roblin and may delay the transfer. V.72, p. 580, 437, property at the sale June 10 is fixed at $1,000,000.— V. 72, p. 821.
Central ot Georgia Ry.— Bonds in Payment.— President
Frauchise Tax Law. Decisiora.—The Appellate Division
John M. Egan has given the "Savannah News" the following of the Supreme Court, Third Department, on Tuesday last,
particulars regarding the new bond issue to be made in con- affirmed the decision of Justice Chester in several test cases,
nection with the purchase of the 170 miles of road, etc., holding in effect that the State Board of Tax Commissioners,
owned by the Chattanooga & Durham and the Chattanooga in reply to writs of certiorari to review assessments, need not
Rome & Southern
certify the methods and basis adopted in fixing the value of
:
—
—
Four per cent bonds are Issued to take up the present stooks of the
Chattanooga Rome & Southern and of the Chattanooga & Durham
rallroadg. For this the Issue of the 4 per cent bonds will amount to
$1,840,000. Then there Is $343,000 worth of 4 per cent bonds reserved for the first mortgage bonds that are now standing on the
property. Bonds to the amount of .«217,000 to famish equipment to
the road are also provided for, which makes a total of $2, ..00,000, all
of which is set forth in the terras of the mortgage. Simon Borg <fe Co.
of New York, the former owners of the property, are to make the
terms with the stockholders and the holders of the bonds on the roads
prior to this late purchase.
Itlsnct yet known when the Central Railroad will
but it will perhaps be on June 1.— V. 72, p. 987, 721.
assume
control,
Cerrlllos Coal RR.— SoW.— This property was sold on May
19 under foreclosure of a mortgage of $800,000 for $460 000 to
Mining Co., the only bidPittsburg Coal
the Cherokee
The Atchison Topeka Santa Fe Ry, Co. has been inders.
terested in the property. V. 71, p. 1066.
Chicago Burlington* Qaincy TLU,.— Deposits -Time Ex
fended.— Holders of more than 90 per cent of the capital
stock having accepted the offer of the Northern Pacific and
Great Northern Railway companies, the time for depositing
stock is extended to May 31, after which stock deposited will
be paid for wholly in bonds and no part in cash. Holders of
convertible bonds desiring to take advantage of the proposition should convert them into stock at once and deposit their
stock.
&
—
Listed.— The
New York
&
&
Stock Exchange has listed
certifi-
cates of deposit for stock deposited under circular of April
29 as follows: Representing 854,665 shares deposited for all
bonds; 63,154 shares deposited for cash and bonds; 25,260
shares deposited for cash; total 948,079 shares, or $94,307,900
of the total issue of $110,4^1,500. On official notification of
further issuance of such certificates, said amounts on the list
will be increased up to the full amount of the capital stock
at present authorized and listed.
Option to Holders of Hands Due Oct. 1.— Holders of the
$2,291,000 of 5 per cent bonds, due Oct. 1, 1901, are notified
that until further notice, the company will pay such bonds
and the coupons thereon due the sime date, upon presenta
tion at its office, 704 Sears Building, Boston, Mass., at the par
value of such bonds and coupons less interest at the rate of
Z}4 per cent per annum from the date of presentation to Oct.
1901.-V. 72, p. 987, 871.
Chicago Railway Terminal Elevated Co.—Refunding
A meeting of the bondholders will be held at the office. No.
71 Broadway, New York, May 23, 1901, to consider a refunding of the outstanding bonds.— V. 71, p. 344.
Cincinnati Jackson & Macliinaw Uy.— Injunction Denied.
— Justice Maddox in the Supreme Court in Brooklyn this
week denied the application of Bert Reiss for an injunction
restraining Hamilton McKay Twombly, the Guaranty Trust
1,
Company, Frederick W. Whitridge, President Frederick P.
Olcott of the Central Trust Co George R Sheldon and the
Central Trust Co. from disposing of or interfering with 3,397
shares of the capital stock of the company which were held
by the Olcott reorganization committee and gold tor it at
auction last February (see V. 72, p. 338). Mr. Reisa's allega,
tions
were as follows:
That the Reorganization Committee, without any power to do so,
pledged to the Central Trust Co. the trust securities in their hands for
a loan of $1,000,000, of which $301,749 was i>atd out for large tracts
of land in and about Cincinnati owned in whole or in part by Calvin
S. Brice and A. J. Hedder; that the loan carried 8 per cent "interest,
and that on Feb. 13 last the Central Trust Co. sold the securities at
public auction to the Guaranty Trust Co. representing Frederick W.
Whitridge, who represents the Reorganization Committee. Also that
Mr. Whitridge is about to agree with Hamilton McKay Twombly as
representing the Vanderbllt Interests, for the disposition of the title
BO acquired by the sale.
(See V. 72, p. 627.)—V. 72, p. 935, 776.
Coates, Son
Offered.
& Co. and Glyn, Mills, Currie
Co. received subscriptions
recently in London for $t,850 OOO of the first mortgage 4 per
cent bonds due July 1, 1950; issue price, £102 per $500 bond.
—
Grand Trank Western Ry.— Bonds
&
—Y. 72, p.
183.
Great Northern Ry.—See Chicago Burlington & Quincy
RR. above.— V. 72, p. 872, 776,
Gulf & Inter-State Ry. Reported Purchase.— A press dispatch from Austin, Tex., reported on May 17 "on authority
that is absolutely reliable" chat the St. Louis Southwestern
has arranged to purchase this property, for some time past
in the hands of a receiver. V. 71, p. 698.
Hocliing Yalley Rs.—First Dividend on Common Stock.
The company on May 21 "declared from the surplus net
—
—
earning-* of the current fiscal year, after providing for 4 per
cent dividend on the preferred stock for such year, a dividend of 1}^ per cent on its common stock, payable on July
20, 1901." at the office of J. P. Morgan
Co., to the common
stockholders of record June 29, 1901. The surplus over fixed
charges for the nine months ended March 31, 1901, was
$1,060,707 against $790,900 in 189900. Four per cent on the
preferred stock calls for about $560,000 and the 1}4 per cent
on the common stock for $155,746, making the surplus over
dividends for the first nine months of the current fiscal year
about $345,000.—V. 72, p. 872, 338.
&
Lake Street Elevated RK. of Chicago —Pending Consolidation.— B\siiT & Co. of this city and John J. Mitchell,
President of the Illinois Trust
Savings Co. of Chicago,
are arranging a consolidation of the elevated railroads
of Chicago.
The "Inter Ocean" of that city says: "The
Northwestern Elevated RR., the Lake Street Elevated RR.
and the Union Elevated RR. Co. are to bd consolidated at
once. In a short tiaie it is expected the Metropolitan West
Side ard South Side elevated roads will be absorbed by the
consolidated company,"— V. 72, p. 283, 240.
Louisville <te Nashville RR. Maturing Bonds.— Option of
Exchange.— The $3,500,000 Memphis & Ohio 7 per cents
due June 1 will be paid in cash on and after that date upon
presentation at the office of Vermilye & Co., New York City,
or at the office of Baring Brothers
Co., Limited, London,
England. Vermilye
Co. have purchased the unified mortgage 4 per cent gold bonds issued to redeem the aforesaid 7s,
and are prepared to supply them at current market rates in
exchange for the maturing bonds.— V. 72, p. 936, 821.
Metropolitan Street Ky.—§«arferZ?/.— Earnings for the
quarter and the nine months ending March 31 were
&
&
&
:
Gross
Mar. 31. earnings.
1901
$3,238,203
1900
3,268,260
9 months.
190O 1.... 10,364,516
18990.... 10,172,205
-V. 72, p. 989, 936.
3 mos. end.
Net
Balance,
surplug.
earnings.
Other
income.
Interest,
taxes, etc.
$l,e01,M04
1,715,824
$203,676
128,540
$1,128,967
1,114,966
$676,513
729,398
5,428,428
6,240,733
516,703
480,566
3,396,419
3,288,649
2,548,712
2,432,650
Miseoari Kansas & Texas Rj.—Consolida(ion.— The company has absorbed by consolidation the Sherman Shreveport
& Southern Ry. (seeV. 71, p. 1115), and has aesumed its
bonded debt.
Mileage. The mileage on which weekly gross earnings are
—
reported is now 2,480 miles, as against 2,222 miles last year.
The increase of 258 miles consists of the former Sherman
Shreveport
Southern Ry., 202 miles; the former Missouri
Midland Ry., 9 miles, and the extension into San Antonio,
&
47 miles.
—
Neiv Mortgage. For the purpose of refunding the Missouri
Kansas & Eastern two 5 per cent issues for $4,500,000, and
paying for improvements on that road, the company has
necessary to make the capital stock of $3,000,000 authorized a $6,000,000 mortgage to the Farmers' Loan &
The defendaots denied the allegations,— See V. 72, p. 338.
Cincinnati Traction Co.— Stock all Paid Up. The balance,
—
$600,000,
the franchises.
—
c
May
THE CHRONICLE.
25, 1901. J
1035
have unanimously ratified the consolidation with the
Seaboard Air Line Ry. Co. The shareholders of the Carolina Central, Chesterfield & Kershaw and South Bound roads
have also voted to accept the consolidation agreement. There
therefore remain now only four more meetings to be held for
a completion of the consolidation. The Palmetto RR, on
the Georgia Carolina & Northern and the
the 30th inst.
Missouri I'acillc Ry.— iVo Dividtnd Vet,— The directors it Seaboard Air Line Belt on th" 31tt. The time for the meetis stated took no action Tuesday on the dividend question.
icg of the Seabord Air Line Railway is yet to be fixed. At
The " New York Sun" says:
tbe last-named meeting the final merger will be madf HoldThe stock transfer books will close next Saturday (to-day) for tli« ers of judgments and claims aggregating about $45,000
Bpeoial nieetlnK of shareholders to be held on June '26. The books will
remain closed until June v.7, and Missouri Pacific stockholders regard agaicst the South Bound Compaoy on May 17 obtained a
this etep as an Inr. ioatlon that no dividend is to be declared at present.
restraining order to prevent the merger of that road. The
President George J. Gould, It is believed, desires to deftT action on the order was returnable on May 22. -V. 72, p. h73, 822.
dividend until his plans for a reor><anlzationof theeiitire Gould Boiitliwestern system of railroads are moie fully developed. — V, 7 2, d. 8:^1,
Seattl< -Tacoma Interurban Electric Ry.— Mi rf gage.
627.
The company has made a mortgage to the Old Colony Trust
Mobile & Ohio RR.—yew Securities.— Oa May 20 J, P. Co. as trustee to secure the |2,0OO,OC0 bonds described last
Morgan & Co. began the delivery of the collateral trust bonds week. The road will extend from the city of Seattle,
and the stock trust certificates of the Southern Railway Co. through the valleys of the Dawaraish and White rivers to
in exchange for the trusc receipts issued under circular of Auburn, thence turning slightly southerly and westerly
Jan. 31, 1901, for general bonds and stock, respectively, of the through the Puyallup reservation to Pierce County and
Tacoma about 37 miles in all. Ste official statement in V.
Mobile & Ohio.— V. 73, p. 581, 438.
Trust Co. as trustee to secure '• its St. Louis Division first
refunding 4 per cent bonds." The bonds will bear date April
No bonds have yet
1, 1901, and mature in a hundred years.
been sold under this authorization, but the mortgage has
been filed preparatory to issuing the bonds vphen the proper
time comes.— V. 72. p. 936, 873,
:
.
—
Coal Co.— Listed.— The New York
Stock Exchange has listed the company's |1, 000, 000 noncumulative 5 per cent preferred stock and $3,000,000 cotDmon
New Mexico Railway &
stock.
The company owns the El Paeo
&
Northeastern Railway
in New Mexico, and under a traffic agreement with the Chicago Rock Island & Pacific is extending the road to a conn?
ticn with the Rock Island, which will make a through lint
from Kansas City via El Paso to Mexico. The Mexican
Central, which will form the southern end,of this new route,
is largely owned by the New Mexico Railway & Coal Co.
The new line, it is expected, will be in operation
interests.
by the end of the year.— V. 71, p. 1220.
in
New York & Brooklyn (Tannel) RR.— See Rapid Transit
New York City below.— V. 6S, p. 978.
New York Central & Hudson River RR.— jF?esigna^io7i.—
President Callaway, it is announced, will resign to accept
the presidency of the new American Locomotive Co.
EatifiecU—ihe shareholders on May 21 ratified the leae
of the Beech Creek Extension RR. for i*99 years from
May 22, 1901. The Extension Railroad is a low-grade road
about 60 milt s long connecting tbe Beech Creek
already
leased by the Central, with the Philadt-lphia
Erie branch
of the Pennsylvania road. See description of lice, V. 71, p.
1121.— V. 72, p. 989, 873.
&
RR
72, p. 989.
Southern Ry.-New Securities Ready.
—See Mobile & Ohio
RR. above.— V. 72, p. 822, .534.
Third Avenue RB.— <3 warier/?/. —Earnings
and the nine months enoing March 31 were
for ihe quarter
:
Gross
earnings.
Xet
earnings.
Other
income.
tajrer, e'c.
aeficit.
$520,;35
$216,819
$5,889
$440,824
$218,116
9 months.
1900-1
1,639.253
—V. 72, p. 776, 628.
707,085
35,700
1,322,472
579,687
3 mos. end.
Jfar. 31.
1901
Union Pacific
RR — Application
— The
Inttrett,
lialanee.
to List $100,000,060
Con-
to the New
York Stock Exchange to list its entire issue of $100,000,000
first mortgage collateral trust convertible 4 per cent bonds.
Of this amount $40,000,000 was sold to provide funds for the
purchafe of the Southern Pacific stock, which is deposited as
part collateral for the loan. No information is given regarding the collateral pledged as fu'ther security in connection
with the issue of the remaining $60,OCO,C'00 bonds. Rumors,
however, have been current that the collateral will include
a block of Northern Pacific stcck. It was reported on Friday that the S60, 000,000 bonds had been sold to a syndicate.
vertible Debentures.
V.
company has applied
72, p. 937, 874.
,
Northern Pacific Ry.—See Canadian Northern Ry,, and
& Quincy RR. above.- V. 72, p. 936, 776.
Chicago Burlington
United Traction Co. of Albany, N. Y.-Strike S(ttled.—Oa
18 the strike, which had lasted twelve days, was settled
by an agreement in which concessions were made by both
sides.
The agreement contained this provision: "The road
is free to employ union or non-union men and to discharge
them for cause." One section of the agreement provides for
May
(Quebec Central Rj.—Exehavge of Income Bonds.— The forty-eight hours' consideration of a strike proposition before
income bondholders will vote June 6 on a proposition to it is acted upon, and for a six days' notice to the railroad
exchange each existing £100 income bond for £50 three per company of a contemplated strike. V. 72, p. 989, 284.
cent second debenture stock (interest payable if earned, nonWisconsin Central Rj.— Stock— New Mortgage.
The
cumulative, Jan. 15 and July 15, beginning Jan. 15, 19 2) and New York Stock Exchange has listed $112,500 additional
£50 new income bond, entitled to interest not to exceed 7 preferred and $337,500 additional common stock voting trust
—
—
per cent per annum, payable annually. The second debenture stock will have priority over the new income bonds
both as regards principal and interest. The second debenture stock and new income bonds will both be redeemable at
par, on six months' notice, at any time after Jan. 1,1922,
otherwise they will be perpetual. The accounts for the year
1900, it is stated, show that after providing for a distribntion
of 2^i per tent on the income bonds, a balance cf $18,657
remams to be carried forward.- V. 72, p. 88.
certificates, making the
listed to date $11,267,200,
closure sale for $144,000.— V. 72, p. 534.
Trust Co.. Cleveland, O., trustee. The total authorized issue
is $500,000, of which $250,000 reserved for extensions.
An
advertisement says:
Theee bonds are a first mortgage on the entire plant of the company
total
amount
of
preferred stock
and of common stock $16,168,600.
These additional amounts of stock, represented by voting
trust certificates, have been delivered as part of the consideration for the property of the Marshfield & South Eastern Ry., a line 33 miles in length, extending from a point of
junction with the Wisconsin Central in Marshfiela, Wis.,
southeasterly to the City of Grand Rapids, and thence southwesterly by way of Port Edwards to Nekoosa. The balance
Rapid Transit in New York City.— iTasi River Tunnel of the purchase pi ice consists of $450,0C0 of 4 percent purApprcved.—The plans for the extension of the underground chase money first mortgage Marshfield & South Eastern
rapid transit system to Brooklyn were approved by both division bonds of the Wisconsin Central Ry. Co., dated May
branches of the Municipal Assembly on Tuesday. Mayor 1, 1901, payable May 1, 1951, and secured by mortgage of
Van Wyck is expected to sign the measure early next weeu. the same to the United States Trust Co. of New York, as
Frederick B. Esler announces that his company, tbe New trustee. This property, together with the equipment, lands,
York & Brooklyn (Tunnel) RR, (see V. 68, p. 978), will also etc., was acquired free from lien, and is now owned in fee,
proceed with the construction of a tunnel from the corner of subject only to the purchase money mortgage above menAnn Street and Park Row to some point in Brooklyn, under tioned.— V. 72, p. 990, 937.
a franchise granted in 1896, An attempt was made on Thursday to begin work, but it was immediately stopped by the
INDUSTRIAL. €fA8 AND MISCELLANEOUS.
police, the Commissioner of Highways having revoked his
Akron People's Telephone Co.— Bond* Offtred.—JiS., J.
permit.— V. 72, p. 822, 581.
Mandelbaum & Co, of Cleveland have been offeriog at 98 and
Salem (Ore.) Light & Traction Co.— Soii.— The London interest $250,000 of this company's $500, 15 year. 5 per cent
& San Francisco Bank has purchased this property at fore- first mortgage gold bonds; due Jan. 1, 1916; Western Reserve
SaTannak Florida & Western B.J.— Increase of Stock.—
The shareholders will vote June 20 on increasing the common
capital stock from |9,432 900 to |12,500,000, and to iseue
112,500,000 of preferred stock without voting power, preparatory to absorbing the following subsidiary companies, viz.:
Charleston
Savannah Ry. Co., Brunswick
Western RR.
Co., Alabama Midland Ry. Co., Silver Springs Ocala
Gulf
RR. Co. and Tampa
Thonotosassa RR. Co.
Cut-off.— The company is about to let contracts for a cutoff, 54 miles in length extending from Jesup to Folkston, Ga.,
at Akron. Barberton and Cuyahotia Falls, tocether -with toll lines oonnectiuK these point?; also on local exchanges In Hudson, Tallmadge,
Twlnsburf:, Peninsula, Clinton, Mogadore ard Copley, and toll lines
connecting. On April 25, 1901, the company had 2,147 teler hones In
service and 123 telephones contracted for, but not yet installed.
Earnings and operations based on contracts existing April 25, 1901:
2,270 telephone*, $46,407; cost of operation, :?13,^1S; net earnings
for 1901, $27,489; fixed charges, including taxes and iDsurance,
$13,65C; surplus, $13,839.— V. 71, p. 1121.
and reducing the distance by the company's line between
Savannah and Jacksonville from 172 to 152 miles.- V. 72, p.
A
&
&
&
&
184, 138.
Seaboard Air Line Rj.— Consolidation Approved..— The
shareholders of the Raleigh & Gaston RR., 14,899 shares out
of 15,C00 being represented, and the shareholders cf the
Raleigh & Augusta Ry., 8,704 shares out of 8,736 represented,
Albemarle A Chesapeake Canal Co.— Protective Measures.
protective committee consisting of George Sherman. H.
T. Cutter and Robert L. Harrison requests the bondholders
to deposit their bonds with the Central Trust Co. in exchange for negotiable certificates therefor This action is
thought desirable because "the receipts of the operation of
said;canal company have fallen off to such a degree as to make
"^
it uncertain whether the coupons can be paid at maturity.
—
—
THE CHRONICLE.
1036
[Vol. ULIII.
At the same time the new Bailey Dutch process of manufacturing
Algoma Steel Co Limited.— Iwcorporaied.—This company white
lead was brought to undoubted perfection. I saw at once that
has been organized under a charter recently obtained under it meant a revolution In the white lead business,
and that there was no
authorized
with
$30,000,000
provisional
laws
of
Ontario,
way
the
to obtain results for our oil baslness without going into the white
lead
field,
and by so doing to combine, without material increase of
capital stock, to handle the steel business of the Consolidated
cost, our own selling facilities with those of a white lead company.
Lake Superior Co. at Sault Ste Marie. The directors are: This
meant a call for vastly Increased capital.
Meanwhile the Union Lead & Oil Co. had been organized and had
Edward Varlan Douglas, V,'. K. Stager, John S. Freeman. Philadelacquired important raining properties. A combination of interests was
phia; Francis H. Clergue and H. C. Hamilton, Saolt Ste. Marie.
suggested under conditions which gave us the advantage of the new
See Consolidated Lake Superior Co. below.
Bailey Dutch process, enabled us to expand our own business la the
indicated, and enabled our stock to earn profits from the
Amalgamated Copper Co.—5fay.— Vice Chancellor Pitney, direction
manufacture of white lead. The truth is that the white lead business
June
until
19,
stay
on
Monday
granted
a
City,
Jersey
at
and the linseed oil business are so closely related, that It is foolish to
ending an appeal to the Court of Errors and Appeals from go into the one enterprise without the other. We manufacture our
E is decision dissolving the temporary injunction restraining white lead at a cost of about $5 a ton under the new Bailey Dutch process, while it costs under any other process $14 to $18 a ton. I take
the company from absorbing the Butte & Boston and Boston it, therefore, that we can sell our product cheaper than anybody else.
Montana companies. Under the terms of the stay the
The loan
referred to is the $6,000,000 of 5 per cent
Amalgamated Company may negotiate and arrange the de- notes taken here
a few weeks ago by Blair & Co.
tails of the proposed purchase of the two properties named,
Rumors of the possible participation of the National Lead
but cannot consummate the same without submission to its Co. in the
merger have not received confirmation and may
stockholders on notice of fifteen days of the meeting.
or may not prove to have basis in fact,—V. 72, p. 439, 393.
Meeting to Increase Stock, The stockholders will meet
on June 6 to vote upon a proposition to increase the
American Locomotive Co.— Stock all 2 aken.— Harvey Fisk
capital stock from $75,000,100 to $155,000,000, and to consider & Sons announce that all the company's stock has been
the advif ability of acquiring the stocks of the Boston & Mon- taken, and that none will be offered to the public. It is
tana Consolidated Copper & Silver Mining Co. and the understood that the subscription price for the 7 per cent
Butte & Boston Consolidated Mining Co., either for cash or cumulative preferred (issue $25,000,000) was 110, one share
of common being given as bonus with each share of the preby issuing therefor full paid stock. V. 78, p. 990.
ferred. A liet ot the properties acquired and on account of
American Cigar Co. Notes. See Havana-American Co. which the $50,000,000 stock (half preferred) is issued was
below.— V. 72, p. 937, 677.
given in the Chronicle of May 11, p. 937. Unless other
American Ice Co.— Boston Ice Co.—The Boston Ice Co. properties are included, the total capital will be limited to
has filed the following certificate of date Jan. 1, 1901, with the issue aforesaid. The earnings of the constituent properthe Massachusetts authorities:
ties for a series of years past, it is said, have equaled 7 per
A oontrolllnj; Interest In the company is now owned by the Ameri- cent on the preferred stock and 5 per cent or over on the
can Ice Co. of New York. Balance sheet: AesetB— Real estate, land, common stock; proposed economies are expected to result
water power and buildings. .$746,782; cash and debts receivable,
$1H2,650; manufactures, merchandise, etc., $415,125; total, $1,324,- in a still better showing.— See also V. 72, p. 937.
857. LiabilitieB.— Capital stock, $500,000; debts, $530,022; balance,
President.— S3,m.xiel R. Callaway, President of the New
profit and loss, $294,835; total, $1,324,857.— V. 72, p. 823, 777.
York Central & Hudson River RR., has announced his inAmerican Ingot Mold Co. of Fittshnrg.— Consolidation. tention to relinquish his position w)th that company in order
This company was organized recently under the laws of to accept the Presidency of the American Locomotive Co.
Pennsylvania to take over the ingot mold departments of He is expected to assume charge about the middle of Jane.
the following and other companies:
V. 72, p. 937.
Marshall Foundry & Structural Works, Mesta Machine Company,
American School Furnitare Co.— Bonds Offtred.—The
William Yagle & Co., Limited, of Pittsburg; the Thomas D. West
Foundry Co. of Sharpsvllle, Pa., and the James E. Thomas Co. of Guaranty Trust Co. of New York offers at par and interest
Newark, Ohio.
by advertisement on another page the company's entire auThe capital stock of the new company is nominal, $50,000, thorized issue of $1,500,000 first mortgage 6 per cent 30-year
but this is to be increased, it is said, into the millions on com- sinking fund gold bond?, due April 1st, 1929 (interest payable
pletion of the consolidation. The officers are: George Mesta, April 1st and October Ist), redeemable on or after April Ist,
President; George H. Boyd, Vice-Presiient; Reed F. Blair, 1909, at 107^ per cent and accrued interest, secured by mortSecretary, and Edward Thomas, Treasurer. Office, Lewis gage dated March 15th, 1899, to Walter G. Oakman, PresiBlock, Pittsburg.
dent, and George R, Turnbull, Second Vice-President, of the
American Linseed Co.— Amalgamation— T(rms, Presi- Guaranty Trust Co. of New York, trustees.— V. 70, p. 1193.
dent Major announces that it is proposed to exchange the
American Telephone & Telegraph Co.— Increase of Stock.
stock of the company for the stock of the Union Lead & Oil —The shareholders will vote June 3 upon a proposition to
Co. (see below). The capital stock of the latter company, in- increase the capital stock from $100,000,000 to $150,000,000.
cluding that necessary to acquire all the capital stock of the Of the present authorized issue |63,127,300 is outstanding and
American Linseed Co. on the terms hereinafter mentioned, is §33,110,200 is held by the American Bell Telephone Co., whose
to be $17,000,COO, said stock being all of one class (common) capital stock is substantially all owned by the American
and in shares of $100 each. The stock of the American Telephone & Telegraph Co.
Company will be exchanged for the stock of the Union Lead
On Boston CJnZis^ed.— The company's $15,000,000 collateral
Oil Co. on the following basis, provided two-thirds in trust 4 per cent bonds due July 1, 1929, have been admitted
interest of the shareholders of the American Company for quotation on the unlisted sheet of the Boston Stock Exassent:
change.—V. 72, p. 874, 777.
,
&
—
—
—
—
—
&
Each $100 of
Am. Linseed Co. common
Do.
do.
($16.750,000)
preferred ($16,750,000)
The exchange
Will be exchanged
for new slock.
$18
48
of all the American stock on this basis will
require the issue of $11,055,000 of the stock of the new corporation, leaving $5,945,000 available for other purposes.
" The holders of large amounts of the stock of the American
Linseed Co. have already signified their approval of the arrangement, and the board of directors urges the prompt
acceptance thereof by the balance of the stockholders. Certificates of stock should be deposited with the New York
Security
Trust Co., No. 46 Wall St., New York City, or
the Illinois Trust
Savings Bank, at Chicago, on or before
June 5, after which date no deposits will be received except
in the discretion of the directors of the Union Lead & Oil
Co. and on such terms as they may prescribe."
Leading stockholders of the American Company announce
their acceptance of the plan, and, urging others to do likewise, say: "We believe that the consummation of the proposed arrangement will decrease expenses and lower the cost
of manufacture, resulting in larger net earnings applicable
to dividends." Said stockholders are:
Guy G. Major, Frank H. Ray. William P. Orr, Augustus N. Eddv,
John L. Severance, Gomer E. Highley, George G. Melzger, John W.
Hirst, Robert H. Adams, John W. Daniels.
Considerable mystery is preserved respecting the Union
Lead
Oil Co., and it does not yet positively appear whether
there is any truth in the rumors of recent weeks connecting
variously Messrs. Thomas and Ryan and Standard Oil interests with the consolidation movement. President Maj or
of the American company is quoted as saying:
When our company was organized, a little more than three years
ago, we exjieoted to do a business of about ten or twelve million dollars a year. We had $5,000,000 of working capital, but at the end of
the first year we found the baslness amounted to about $20,000,000.
It had been profitable enough, and there was evident room for expansion. But the supply ot flaxseed was seriously deficient in quantity,
and the price went to a high figure, and it was necessary for as to
double our working capital. Besides, we had to rebuild several of our
mills, and increase our elevator service and tank equipment. We were
enabled to do this by making a loan on fairly favorable terms.
&
&
&
Bell Telephone Co. of Philadelphia.— Increase o//SiocA;.—
The shareholders on Tuesday authorized the increase of the
Shareholders
capital stock from $6,000,000 to $8,000,000,
will shortly be allowed to subscribe pro rata for $2,000,000
of the new issue.
V. 72, p. 582.
—
Berkley (Va.) Water Co.— Purchase.— The company has
arranged to purchase the property of the Portsmouth & SufW. D. Penfolk Water Co. for a sum reported as $750,000.
der, of Norfolk, is President of the Berkley Company.
Brooklyn Wharf & Warehouse Co.— Sal} June 11.— The
foreclosure sale is advertised to take place on June 11 at the
Willoughby Street auction room in Brooklyn. The approximate amount of the lien to satisfy which the property is sold
is $18,538,366, with interest thereon from : June 1, 1901; together with the plaintiff's costs, amouating to $1,175 and the
costs and expenses of the sale, The approximate amount of
the taxes and assessments and water rates and other Hens
subject to which the property is to be sold is $230,000 with
" The purchaser or purchasers of the said premises
interest.
rights, interests and franchises shall, in addiproperty,
and
tion to the deposit of the amount aforesaid ($50,000) make
such further payment or payments in cash as the Court may
by its order or orders direct, upon the confirmation of said
The notice of sale containing a map
sale, or afterwards."
and a full description of the property will be found in the
" New York Press " of May 23.— V. 72, p. 937.
Cambria Steel Co.— Stock Plan.— A. plan is being perfected to do away with the assessable feature of the stock
and to provide additiocal capital for construction, etc. The
plan is not ready for publication, but it is thought in Philadelphia to contemplate the organization of a new company
with $50,000,000 of full-paid capital stock, of which $5,000,000 to remain in the treasury, $16,000,000 to be exchanged for
the present capital stock of like par value, but only 27 per
cent paid up (including 6 per cent payable in Jane, 1901), and
$29,000,000 to be sold to shareholflers at $22 50 per $50 share.
The "Philadelphia News Bureau" says:
:
May
The $13,050,000 new cash capital will supply the «7,000,000 or
thereabouts desired to complete the new open-hearth steel plant,
which, It l8 Bald, win Increase the steel productive capacity 25 per
cent, win take care of the $3,500,000 notes recently Issued, and provide several mnilons additional working capital V. 72, p. 777, 629.
—
Colonial Steel Co.— New Crucible Steel Project.— The
"Pittsburg G-azette" r»^cently paid
James W. Brown, formerly senior member of the old concern of
Howe, Brown & Co., ard later of the Crucible Steel Co., made formal
announcement last night of his plans for the orKanization of a new
company for the manufacture of crucible steel. The application for a
:
be christened the Colonial Steel
be $1,000,000. The prospects
are that the plant will be built at South Mon»ca, on the new town cite
bought a few days since by the syndicate headed by H. C. Fry, the
Rochester glass man.
The following official statement is made to us: "The Colonial Steel Co is now in process of organization, and the main
The company is to be inoffice will be in Pittsburg, Pa.
corporated under the laws of the State of Pennsylvania, with
a capital of $1,000,000, to consist entirely of one class of
stock; there will be no bond issue whatever. Mr. Jae. W.
Brown will be the President."
charter will be advertiped.
Co.,
and the
It will
Initial capitalization will
Consolidated Gas Co. of New York. See New York
Edison Co. below.— V, 73, p. 991, 777.
Consolidated Lalie Superior Co.— Offlcial Estimate.—The
following is an estimate of the annual profits after consolidation with the Ontario Superior Co.
$200,000
20.000 Hydraulic Horse Power Canal on Canadian side
16,000
Tagona Water & Light Co
Mechanical and sulphite pulp mill
Steel works (to be finished Aug. 1, 1901)
Ferronlckel works (100 tons daily)
Nickel ores from company mines
Sulphuric acid, by product of nickel ores
Merchandise sales of iron ore, 800,000 tons, at $1 25
90.000 cords of pulp wood
Sales of timber to outside parties
Algoma
.,
Government bounty on 75,000 tons manufactured
steel,
at $4
Government bounty on 36,009 tons manufactured
nlckel, at
officially
restarted, while four other mines are almost ready
to re- commence
300,000
V. 73, p. 938.
International
ferro-
stock.
—
Stock Dividends. The stock dividends called for by the
consolidation plan published in the Chronicle of May 11
(page 938) have been declared and are payable June 31 to
stock of record June 30.
—
Directors. The following new directors have been elected
M, Prevost, Third Vice-President, and Samuel Rea, Fourth VicePresident of the Pennsylvania RR.; Edward J. Berwind. President of
the BerwlndWhite Coal Mining Co. of New York; William L. Bull, of
Edward Sweet & Co. of New York, and Charles B. Orvls, of Orvis
Bros. & Co., New York.
Algoma Steel Co.— See that company above.— V. 73, p.
8.
991, 938.
Caban Steel Ore Co.— In Operation— Bonds.— The company has begun shipping ore, 3,300 tons having been sent to
the Pennsylvania Steel Co. At the recent annual meeting it
was stated that the shareholders would shortly be accorded
the privilege of subscribing to $700,000 treasury bonds, the
proceeds to be used to pay floating debt (including $350,000
notes) and for working capital.— V. 73, p. 583.
Detroit Portland Cement Co.— Bonds O^ered.— John J. P.
Odell & Co. of Chicago otfer for eale the unsold balance,
$300,000, of the company's $600,000 six per cent 30-year sinking
fund gold bonds, Atlantic Trust Co., New York, Trustee.
Denomination $1,000, redeemable at 105. The firm says
These bonds are secured by a first mortgage upon the entire plant,
power house, marl and clay beds, etc., located at Fenton, Genesee
County, Mich. The manufacturing plant now In course of construction will cost more than $260,000 and It will have a capacity of 1,000
barrels of cement dally.
The authorized capital stock was recently increased from
:
$5,000 to $1,000,000.
Edison Electric IllamiDatingr Co. of New York.— Consolidated.—See New York Edison Co. below,— V. 73, p. 988.
Edison Storage Battery Co.— Jlfr. Edison's Latest Invention.— This company is about to be organized by Thomas A.
Edison to manufacture his new form of storage battery,
which it is claimed combines lightness, durability and
effectiveness.
Some of its advantages are stated as follows:
The old lead battery weighs from 124"5 to 186-5 pounds to each
horse power, whereas the new battery weighs only 533 pounds.
While the life of the present storage battery varies from a few months
to a year or two, the longest life being only six or seven years. In the
Edleon battery there Is, theoretically at least, no detoriatlon. The cells
are known as nlokellron cells, and the electrolyte is potash. The old
form of butteries requires from seven to eight hours to charge, the carriage meanwhile being useless; the new battery may be charged at a
normal rate in 3ifl hours, or It may be charged at the relatively high
rate of one hour with no apparent detriment to the cells, except for a
electrical charge ettiolency.
The old Hayden Mill in Glenridge, about two miles from
West Orange, has been purchased for use in connection with
the new enterprise.
Electric Co. of America.— PZan—See American Railways
p. 830, 833.
Fond du Lac (Wis.) Water Co.— Change
A
work."
Great Northern Paper Co.—Com,petition.—See Internabelow.— V. 71, p. 1015.
Havana-American Co.— Ptirchase Price.— The purchase
property by the American Cigar Co., it is an1,000,000 of this
nounced, is to be effected by an issue of $4,000, 000 in 4 per
90,00'J
150,000 cent notes. These notes, it is learned, will be guaranteed
100,000 by the American Tobacco and the Continental Tobacco com479,0'jO
160,000 panies. Enough of the |8,000,000 stock ($3,000,000 of which
is preferred) has been deposited to make the deal operative.
$4,334,000
Total net income
this basis the earnings would be sufficient to pay the preferred
dividends and leave a surplus of about 3 percent for the common
Co. above.— V. 73,
has the following:
RoBiN<'ON Group of Mines —Cable advices have been received by
the Lonflon agents of the Robinson Group of Mines in South Africa to
the effect that the branch line and sidings on the Langlaagte Estate
haie been completed to the mine and other works, thus enabling the
company to take its coal direct to the engine, as well as to handle
This will bring about a great reducall other materials required.
tion In the cost of production. The mine is In excellent order, free of
water, and all the machinery on the surface and in the mine (already
in perfect working order) has again been thoroughly overhauled.
Additions have also been made to the machinery, and the mine is
ready to resume work with 200 stamps at a moment's notice. Block
"B" Langlaagte and Langlaagte Star are also having branch lines
and sidings brought to the mines and mills, which will be ready in a
few weeks, and will also largely economize the cost of working.
Kandfonteln Estates, Porges Kandfonteio, North Randfontein, South
Randfontein, Robinson Randfontein, Block 'A" Randfontein, Ferguson Randfontein. and the other subs-ldlary companies will have their
branch lines completed to the mines and mills within a short r«rlod
The General Manager, Mr. Pope Yeatman, has overhauled all the
machinery, and has put everything connected with the mines in perfect working order. ExcavatioE8 and other work in connection with
the new machinery on all the above mines are In progress, and as soon
as the war terminates all these mines will be ready to start their
stamps within a week or two.
Renter telegram dated May 6 from Johannesburg says:
" In spite of the guerilla tactics still practiced by the enemy
in various parts of the country, Johannesburg is beginning to
resume its normal condition. Most of the stores have been
reopened, and to day the Robinson and Treasury Mines were
tional Paper Co.
On
somewhat lower
—
Mines in South Africa.— About Resuming Operation.
—The " London Ekjonomist" of 11th inst.
400.000
450,000
75,000
20,000
144,000
$4
:
1U37
7.50.000
'
Iron Works
Railroad operations
Lake operations
ttold
—
—
:
THE CHRONICLE.
35, 1901.]
in Control.— A.
Chicago syndicate has bought control. A. W. Barron becoming President and H. N. Schottof Chicago, Vice-President.
The authorized capital stock is $300,000 (at last accounts
only partly paid up); bond issue about f300,Oi'0.
News Bureau"
Paper
says
Co.—Status.— The
"Philadelphia
:
The company is operating about 95 per cent capacity and is showing
earnings of between $250,000 and $280,000 per month. It takes
$112,000 per month to pay the 6 per cent preferred stock dividends,
whlon would leave earnings of about 10 per cent for the common
stock. The company now has a net working capital of about $t5,250,000, but win bring this amount up to $8,000,000 before considering
common stock dividends. Up to a recent period it was considered
quite probable that common stock dividends, which were suspended
in October, 1898, would be resumed the latter part of this year, but
there has been a decided change of late which will no doubt Interfere
with their early resumption.
Trade has fallen ofi' in this country while oonditionB in England
practically shut out export business, as the mills there can now more
than supply the trade. The Great Northern Paper Co. has developed
into an Important factor. Prices hare been reduced about 10 per cent
recently by reason of this competition and the International Co. has
lost a number of important paper contracts, notably the New York
World. New York Times. Washington Times, Boston Post, etc. The
Great Northern Co. is consideiing an enlargement of Its plant from
250 tons to 300 tons daily capacity.
New competition Is also developing. The Remington people, who
sold out to the International Co., are now building a 50-ton plant and
the St. Regis Paper Co.. backed by a Mr. Knowlton, who sold out to
the International Co., is building a 100-ton plant In Northern New
York, and other competition is in sight.
Friends of the company eay that the company is now so
strong that it can successfully combat legitimate competition.— V. 73, p. 143.
Jeffrey Manufacturing Co. of Colnmbns, Ohio. Bonds.
The shareholders were to vote May 15 on a proposition to
issue $300,000 in second mortgage bonds. Charles W. Miller
is Secretary.
ManylUe Co.— Consolidation.— ThiB company was incorporated in New Jersey, on May 16, to manufacture cotton and
The authorized
woolen goods and other textile fabrics.
capital stock is $6,000,000, of which $3,000,000 is to be S
per cent cumulative preferred.
The incorporators are
Charles H. Merriman, Charles Warren Lippitt, Henry F.
Lippitt and George B. Duren. The new company is a consolidation of the Manville Co. with a plant at Manville, R. I.
and the Social Manufacturing Co., with three large mills at
Woonsocket, R. 1. The Lippitt interests own and control
both companies, which, it is said, employ in the aggregate
—
about 4,000 operatives.
—
Maryland Brewing Co. Assessment Reduced, The "Baltimore Sun" says the bondholders' committee has agreed to
reduce the assessments by 50 per cent, namely, to $ i 50 per
share on the common stock and to 85 per share on the preferred.
The amount of new income bonds to be received by
the stockholders is also reduced 50 per cent. (See plan, V,
73, p. 876.)
Memphis (Tenn.) Light & Power Co.— Bonds Offered,—
Wilson, Colston & Co. of Baltimore are offering at 103 and
accrued interest a block of the company's new gold Sa.
See full particulars regarding loan, etc., in V. 73, p. 344, 678,
Newark Consolidated Gas Co.— Listed.- The New York
Stock Exchange has listed the $5,473,000 consolidated mortgage 5 per cent gold bonds of 1948.— V. 70, p. 534.
New England Gas & Coke Co.— A Boston paper says
six montbs' Interest on the $16,000,000 New England Gas & Coke 5
per cent bonds falls due on June 1. Treasurer Tudor Informs us that
the money to pay this Interest is now on deposit In the bank, and that
company is monthly showing a surplus aoove all charges on bonds
and tloatlng debt. It is understood th*t the efforts of Mr. Elklns Jr.
of Philadelphia to consolidate all the Boston gas companies In the inCoke Co. have so far been unsuoterest of the New England Gas
&
THE CHRONICLE,
1038
and while the plan has not been abandoned, the time is not
considered opportune to bring about the desired result.— V. 72, p. 535.
oesafnl,
—
New Yorfe Edison Co.— Consolidation. This new company
was formed on May 23 by consolidation of tbe New York
Gas & E'ectric Light, Heat & Power Co. and the Edison
Electric Illuminating Co. of New York. The Consolidated
Gas Co. owned the entire $36,000,000 capital stock of the
Power Company, and the latter owned $8,926,500 of the $9,200.000 stock of the Edison Company. The authorized share
capital of the new company is $45,200,000. Ic is to be issued
in exchange for the stock of the Power Company, and to
take up the $273,500 stock of the Edison Company not already
owned by the Power Company.
Supplementary, —The new company has made a suppleto the Central Trust Co. trustee, coverthe property, rights, privileges, franchises, etc., as additional security for the $21,000,000 purchase money 4 per
cent bonds issued in 1899 by tde New York Gas & Electric
Light Heat & Power Co. on deposit of the stock of the Edison Company. These bonds are subject to call till Feb. 1,
mentary mortgage
ing
,
all
1902.— V.
72,
p
938.
New York Gas &
Consolidation,
—See
Electric Llslit, Heat
Edison Co.
New York
& Power Co.—
above.
— V.
72,
p. 939.
New York Enife& Razor Co.— Mortgage. -Tbe company has
filed a mortgage in New Jersey to tbe Garfield National Bank
of
New York
as trustee to secure $300,000 of $1,000 six per
to be used for improvements
paying floating debt.
cent bonds.
and
The proceeds are
New York & Qneens Electric Light & Power Co.— Listed
—The New York S'ock Excharge has listed the $1,930,000 5
[Vol. LX2II.
similar to those used on railroads, except that the air pumps are operated from the car axles. It is said that the new brake is a great improvement over existing types.
(William R.) Trigg Shiphuilding Co.— Increase of Stock.—
The articles of incorporation have baen amended increasing
the authorized capital stock from $2,000,000 to $3,000,000: of
tbe latter amount $1,000,000 is to be preferred. George W.
Stevens. President of tbe Chesapeake & Ohio Ry., and C.
Stuart Patterson and William S. Ellis of Philadelphia, have
been added to tie enlarged board. It is proposed to double
the capacity of the plant, enabling it to do larger work. V.
—
72, p. 884, 631.
Tula Iron
poratod.
&
Steel
Works & Manufacturing Co.—Incor-
—This company has been incorporated in New Jersey
with $2,500,000 authorized capital stock to carry on mining
operations in Mexico. Incorporators:
C. F. Burnham and M. R. Burnham, of Ferrenia de Tula. Mexico;
E. L. Imhoff of Pittsburg; Robert L. Lawrence and Francis H. MoGee,
of Jersey City.
Union Ferry Co.—iVb .Bidders —There were no bidders for
the five ferry franchises otfered on May 17 by the Dock Board,
the upset annual rental ($88,403) being thought excessive.
See V. 72, p. 940.
Union Load & Oil Co.— AmaZgamaiion.— See American Linseed Co. above.— V. 72, p. 940, 884.
United Electric Co. of New if^v^Qy.- Supplementary Mortgage.
The company having acquired every share of stock of
the 21 constituent companies, and having absorbed all of the
companies by consolidation, has executed a new mortgage,
further securing th'» issue of l^onds of 1899, heretofore known
as collateral trust bonds.
Certificates setting forth the consolidation and the execution of said mortgage are now being
affixed to the bonds.
These certificates, in the form of an
additional backing to the bond, have been engraved and are
endorsed "United Elfctiic Company of New Jersey, First
—
consolidated mortgage thirty-year gold bonds
The company serves Long Island City, Jamaica,
Flushing and adjoining territory in the Borough of Queens.
City of New York, The balance sheet, statement of ean ings
and other facts may be found in the official statement to the
Stock Exch'inge, which we print on the following page. V. Mortgage 4 per cent Gold Bonds."
per cent
first
of 1930.
—
& Electric Co.— Bo Mds— Lawrence
Co. own and olfer by advertisement in another
column $85,000 first mortgage 5 per cent gold bonds, redeemable after 1911 at 105. The company's earnings, it is stated,
have averaged for ten years nearly twice the entire intertst
charge. The amount of the mortgage is reported to be only
68 per cent of the actual cost of the property.
Palmetto Co,—Proposed Increase of Stock.— The shareholders will vote May 28 on a proposition to increase the
capital stock to $10,000,000 by the issuance of 260,000 new
shares (par $25 each full-paid. The stock will be used in connection with the following acquisitions, authority for which
\vill be asked at the meeting:
1. The Florida Extract Co.. Tltusville, Fla., la return for cash and
stock. "This company is the only competitor In the palmetto inNorwich (N. Y.) Gas
Birnum &
dustry."
2. A saw mill on St. John's River at Astor. Fla.
3. Sixteen thousand acres of land, including that upon which the
company's factory is located, for cash and stock.
4 Plant in Philadelphia for the manufacture of by-products under
patents of Dr. Fahrlg, payment for the patents to be made in stock.
5. New machinery and extract boilers for the Astor and Titusville
works, "assuring an output of not less than 500 barrels per week of
tannin extract."— V. 69, p. P64.
People's Gas Light
& Coke
The Finance Committee
Co. of Chicago.— Con/racf.—
of the City Council on Monday sent
back to the sub- committee the proposed contract between the
company and the city, on the ground that the agreement
would prevent the city from prosecuting the two gas suits
now
in the courts.
Efforts are being made to eliminate the
objection.—V. 72, p. 991, 779.
Philadelphia Co. of Fittshnrg.— Merger Pending.— N ego-
merger of this company and the ConsoliCo. of Pittsburg are approaching completion, though the terms of the deal have not been officially
announced, The common expectation is that a new company will be organized under the laws of New Jersey, '^with
perhaps $40,000,000 capital stock (partly 5 per cent' preferred) and an issue of 5 per cent bonds, the latter to be
secured by depositing in trust the stock acquired in the constituent companies. It is generally believed in Philadelphia, where the deal is being arranged, that the common
stock of the old companies will be treated approximately as
follows: Philadelphia Co., each $50 share to be exchanged for
$50 in new 5s, $10 in new preferred and $10 in new common;
Consolidated Traction Co., each $50 share to be exchanged
for $25 in new 53, $ 10 (or less (?) ) in new preferred and the same
in new common.— V. 72, p. 9«6, 725.
tiations for the
dated
Tract i
"in
Southern Agricnltaral Works. —Sold.— A.t the foreclosure
sale on May 15 the property was bid in for $57,600 by B. Z.
Phillips.
There were $100,000 bonds outstanding. The sale
has been confirmed.
—V. 72,
p. 824.
Standard Air Brake Co.— Sold to Westinghouse Interests.
The Standard Traction Brake Co., recently incorporated in
New Jersey with $100,000 of capital stock, and H. H. Westinghouse and others, as incorporators, has acquired the
properly of the Standard Air Brake Co,, and it is eaid will
remove its plant to Wilmerding, Pa. The "New York Com-
—
mercial" says:
The capital stock
of the Standard Air Brake Co. consists of $485,paid|preferred and $100,000 full paid common, the par value
being $100. Itn bonded Indebtedness consists of $91,500 A incomes
and $33,200 B incomes. Henry Seligman Is its President. The
brakes will be manufactured by the Westlnghouse Company until the
plants of the new concern are ready for operation. The brakes are
800
full
Address the New Jersey
Guarantee & Trust Co., 83 Montgomery St., Jersey
City.— V. 72, p. 679, 286.
United States Cotton l>uck Corporation. Terms of Exchange. Urider tbe plan of consolidation described last week,
Title
72, p. 630, 341.
—
propofei to offer to holders of the $6 000,000 5 per cent
income bonds of the Mount Vernon Woodberry Cotton Duck
Co. the option of exchanging their bonds for $5 000,000 of the
6 per cent cumulative preferred stock of the new company or
on a basis of 83^3 per cent; the $8,000,000 first mortgage bonds
are to be excnangeable for preferred stock at par.
As
already stated, it is proposed to exchange three shares of
stock of the Mount Vernon Company for two of the new, or
The exchange of the bonds, however is
66^^ per cent.
optional.
A syndicate it is stated has agreed to underwrite
$2,000,000 of the preferred stock at 95.— V. 72, p. 992.
United States Steel Corporation.- 7i lull Control.— The
company recently purchased from the Oliver-Snyder Steel
Co. Its one sixth interest in the Oliver Mining Co., so obtaining full control of the property, a five-sixths interest having
previously been obtained through the Carnegie Co, The
Oliver Mining Co it is said, owns 60 per cent of the old
range ores of the Lake Superior region and perhaps one third
of the Meeaba range ores. The minority stock also in the
Pittsburg Steamship Co. has been acquired from the same
it is
,
source.
Listed.— AgSim&t the exchanges of more than 98 per cent of
the preferred and 99 per cent of the common stock of the
American Bridge Co. and of more than 99 per cent of the
stock of the Lake Superior Consolidated Iron Mines, and the
purchase of the remaining one-sixth interest in the Oliver
Iron Mining Co. and Pittsburg Steamship Co., the United
States Steel Corporation has agreed to issue and the New
York Stock Exchange has listed additional shares of preferred and common stock as follows, viz.: $83,486,300 preferred stock and $81,473,400 common stock. These additions
make the total amounts listed f 108,486,310 of preferred and
common stock.
Acquisitions. An official statement gives the following
respecting the Lake Superior Consolidated Iron Mines, aboat
which little has heretofore been known by the public
The Lake Superior Consolidated Iron Mines is a corporation of the
State of New Jersey, having an authorlaed capital stock of $30,000,000,
of which there is Issued and outstanding $2^,425,940 97. The company has issued no bonds and has no Indebtedness except current accounts, against which It has quick assets of an equal amount. It owns
the entire capital stock of the Duluth Missabe <& Northern Railway,
which extends from Duluth into the Missabe Range, having a main
Hue of about 120 miles in length, with second track, sidings, etc., aggregating about TOO miles more. The railway's outstanding bonds
aggregate .f 7,765,000, of which $2,305,000 are owned by the Lake
Superior Consolidated Iron Mines. The company also owns in fee or
in lease, in known and practically explored mines, between three and
four hundred millions of tous of iron ore in the Missabe region. It
owns, besides, a large amount of lands on the ore body which have not
been explored, many of which, however, are known to contain ore.
The company also has large interests in common with the Minnesota
Iron Co. These interests are owned by the Kssex Iron Co., a corporation of the State of New Jersey, of which the Consolidated Iron Mines
owns half the stock. It also owns a half interest In undeveloped mines
estimated to contain from nineteen to twenty-live million tons of ore.
Bessemer Steamship Co., of whose capital
The Pittsburg
stock five-sixths is now owned by the Carnegie Co., and
the remaining one sixth by the United States Steel Corporation, has acquired for cash the vessels belonging to the Bessemer Steamship Co., consisting of about 57 steam vessels plying in the ore trade on the Lakes. The company, it is understood, has also purchased for about $2,500,000 the " Aragon,"
a Bessemer ore mine near Norway, Mich. V. 73, p. 992, 940.
$5<-6,473,400 of
—
:
&
—
May
THE CHRONICLE.
25, 1901.]
^•^^prorts ixnxl
1039
^ocnmtnts.
THE NEW YORK & QUEENS ELECTRIC LIGHT & POWER COMPANY.
APPLICATION TO LIST ON THE
NEW YORK
EXCHANGE THE FIVE PER CENT
CONSOLIDATED GOLD MORTGAGE BONDS.
New York. May 7, 1901.
The New York & Queens Electric Light & Power Company
hereby makes ai^plifiation to list upon the New York Stock
Exchange §1,930,000 of its Five oer Cent First Consolidated
Mortf(a<,'e Gold Bonds. Nos. 1 to 1,407. l..")18 to 1,624, l,77.j to
2,109, 2,301 to 2,321, all inclusive, for $1,000 each.
These bonds are part of an issue of
.S2,.")00,000, all
by Mortgage upon the property and franchises
secured
of the
Com-
pany, as hereafter noted, including property to be acquired
in the future.
The date of issue is August 1, 1900: date of
maturity August 1, 19.30. The bonds are in coupon form in
the denomination of $1,000 each, numbered from 1 to 2, .100,
with the privilege of registry as to principal sum. They
bear interest at the rate of Five per Cent per annum, payable semi-annually on February 1 and August 1 of each year
at the Union Trust Company of New York, the Trustee
under the Mortgage. Both principal and interest are payable
in gold coin of the United States of the present standard of
weight and fineness. The bonds are not subject to redemption before maturity by Sioking Fund or otherwise.
The Mortgage aforesaid has been duly authorized by the
Directors and Stockholders of the New York & Queens
Electric Light & Power Company, in accordance with the
laws of the State of New York, and is a First Moi-tgage
upon
the property, rights, assets and franchises (owned
or hereafter to be acquired) of this Company; subject only
to a prior Mortgage of the New York & Queens Gas &
Electric Company, to secure bonds of an authorized issue of
$1,000,000, covering property of the said last-mentioned
Company only, as located in the Second and Third Wards
all
within said Borough of Qvieens, more commonly known as
the old towns of Flushing and Newtosvn. Of this ifsue of
$1,000,000 last noted, there are but $391,000 now outstanding, for the retirement of which an equal number of bonds
of the issue now asked to be listed are retained by the
Union Trust Company of New York as Trustee. The status
of the issue is therefore as follows:
Total iHPue authorized
Kescrvort in Treasiu-y for future extensions
In the haiirts of Trustee to ret're a like amount
of Npw York & Queens Gas & Electric Company Five per Cent Bonds
Present Issue
$2,600,000
^179,000
At the present time we are operating three plants;
Long Island City and Flushing. Contracts have
.lamaica.
been signed under wliicli the entire generating plant will
be concentrated at Long Island ( ity on the site of the
present plant. The distributing system also is to be entirely
reconstructed, and, as a matter ot fact, a large part of this
work has been complrted.
The result of o|)erations for the period from August 1,
1900, to
Maich
31, 1901 (eight
months)
is
as follows;
firoBS earnlncs
$193,506 26
Operating expenses (IncludluK taxes, iLsurance, dlecounta
ttud bad debts
a91,'"00
$2,500,000
total authorized Capital Stock of the Company is .$2,500, LOO, consisting of 12,500 shares of Five per Cent Noncumulative Preferred Stock, and 12,500 shares of Common
Stock all of the par value of fWO each.
on
bonds outstanding.
all
Surplus
Qneens, City of New York, excepting in Ward Five, known
as the Rockaway District, which is loo remote from our central plant in Long Island City to operate to advantage.
The
sections served are more familiarly known by their old
names, as follows
City,
Astoria,
Newtown,
Elmhurgt,
Woodslde.
Maspeth,
Corona,
and the intervening
Jamaica.
FluHliinjt.
Collej^e Point,
Wocdhaven.
Richmond Uill,
WhlIe^tone,
Bay
Morns Park,
^lde,
Douglaston,
Uttle Neck,
Wlllefs Point,
HoUis,
Queens,
bprlngtleld,
territory.
United States Rubbpr Co.—Neio President.— Co]. Samuel
P. Colt, recently Secretary, has been elected President in
place of Frederick M. Shepard, reeigned. See report on a
preceding page.— V.
73, p. 940, 679.
United Stiites Tobacco Stemming (o.—iVeMj JVa me. —The
Underwood Stemming Machine Co. has tiled in New Jrrsey
papers changing its name to the United States Tobacco
fcJtemnjing Co. and increasing
to $.^.000 000. William Gray
Litteil, Secretary.
stock from |;l, 000,000
President and George W.
its capital
is
Uul verbal Tobacco Co.— 0?//c-rs.— The directors of this
$10,rOO.nno company, it is stated, will include:
William H. Butler (President), Frank Tilford, of Park & Tilford; E.
new
A. McAlpin, of D. H. MoAlpln & Co.; J. L. Richards of the Harry
Welsslnger Tobacco Co. of Louisville, Ky; Ferdinand Hirsoh, agent
2.5
00
charged with varioui items for maintenaoce, as per balance sheet below, largely the result of preswaf<
ent structural change?.
The Balance Sheet of the Company on April
as follows
1,
1901,
was
:
Assets—
Ciinstruction, property and franchiee accounts
Reserve account for special construction
Operating account, from August 1, 190t»
'•
"
Maintenance account,
Tnteresr paid on bonded debt, from August 1, 1900
$4,516,246 05
332 000 00
9^,959 01
16,518 06
65,600 00
66,057 50
5,195 26
'Accounts receivable
Cash In bank
$5,095,575 88
LlABtLITIES—
Capital Stock— Preferred
$1,250,000
I,2c0,000
Common
"
$2,500,000 00
Five per Cent Consolidated First Mortgage
Bonds Issued
$2,500,000
Less: Bonds in Treasury
$179,000
Held by Trustee for redemption of
PrldrLlen Bonds
391,000
570.0C0
New York &
Qaeens Gas
&
Electric
Company Five per
Cent Bonds outstanding
1,930,000 00
391.000 00
193,206 28
16,400 00
24,594 62
40,375 00
sales from August 1, 19(0
Accrued Interest on bonded debt
t Accounts payable and pay rolls
JBills payable
$5,095,575 88
All but 831,376 29 of this amount has since been collected
t These accounts have since been paid.
J Now reduced to $21,600.
*
The Officers of the Company are: Frank Tilford, President;
Henry R. Wilson, Vice-President, and H. L. Snyder, Secretary and Treasurer.
The Directors are: Frank Tilford, H. E. Gawtry, Henry
R. Wilson, Thomas W. Stephens, all of New York, and J.
Levering Jones of Philadelphia.
The main
Long Island
offices of the Company are 85 Borden Avenue,
City. Borough of Queens. The Treasurer's office is at No. 41 Wall t^treet, Borough of Manhattan.
Herej^^ith are submitted six copies of this application;
seven copies of the Mortgage: one of which has the Certificate of record indorsed thereon, and is certified by the
Trustee to be a true copy: Articles of Agreement and Consolidation; copy of By-Laws; Opinion of Counsel that the
Company has been duly organized, that the securities have
been legally issued, and that the real estate owned is free
and clear except as to the Mortgage Liens as noted therein;
and specimen of the Bond.
Respectfully submitted,
:
Look Island
,247
6.5,600
$33,617 25
The surplus
The
The New York & (Queens Electric Light & Power Company was duly organized, and exists under the laws of the
State of New York for tlie manufacture and distribution of
electricity for light heat and power in the Borough of
Queens. I'ity of New York, and also in the adjoining County
of Nhssau. Il possesses by merger, accomplished in July.
1900, all the property, rights, assets and franchises owned at
the date of merger by the Electric Illuminating & Power
Company of Long Island City, the Jamaica Electric Light
Company, the New York & Queens Gas & Electric Company, and in addition other franchises since purchased.
Under the fianchises and contracts, and with the properly
acquired by the merger above referred to, this Company
became the sole operating company in the Borough of
93,959 01
Netearnlpgs
Interest charges for the period
Income from
1,930,000
FIRST
STO'^K
FRANK TILFORD,
President.
The Committee recommended that the above-described
$1 .930.000 Five P. C. First Consolidated Mortgage Thirty- Year
Gold Coupon Bonds of 1930, for $1,000 each, Nos. 1 to 1,467
inclusive, 1,518 to 1,624 inclusive, 1.775
to 2,109 inclusive,
and 2,301 to 2,321 inclusive, be admitted to the list.
Adopted by the Qovernsng VommitUe, June ^V. 1901.
in the United States and Canada for Henry Clay and Book A Co.
of Havana; George B. Sheldon, banker. 2 Wall Street. Henrj R. Wilson
of Wilson & Stephens, 41 Wall St., and W. D. Judkins ol Danville. Va.
The company
will
manufacture
cigars,
cigarettpg
and
plug tobacco and deal in tobarco in all its forms. Wm. H.
Butler, the President, was one of the ort^anizers. and also
President of the Un?on Totacco Co., which was sold out to
tbe American Tobacco Co.—V, 72, p. 992.
Westinghfluse Air Brake Co.— See Standard Air Brake
Co. above.- V. 71, p. 1224.
—
Attention is called to the advertisement in our municipal
department cf Mes?rp. Rudolph Kleybulte & Co.. oflfering a
li t of county, city and corporation bonds.
The list includes
issnes cf important cities both East and Wett, and street
railway bonds of St. Loais, Columbus, Ohio and Milwaukee
5
..
THE CHRONICLE.
1040
[Vol. LXXII.
COTTON.
Friday Night, Mav
COMMERCIAL EPITOME.
Feidat Night, May
24, 1901.
Business in the commercial markets has been on a fairly
extensive scale. In some lines of seasonable goods jobbers
and large retailers have supplied their wants to a large extent, and a natural falling off in the run of new orders is
now being experienced; deliveries on contracts, however,
have continued free. From the iron and steel markets reports speak of a comparatively quiet trade, buyers holding
off
from making new contracts,
as they claim to see possi-
lower prices in some instances. Labor
troubles have received considerable attention. Ballding in
this city has been seriously interfered with by a bricklayers'
strike.
Beneficial rains have fallen in the large crop-growing
sections of the country, and the general outlook is reported
as promising.
Lard on the spot has been held for higher prices, but at
the advance business has been quiet. The close was steady
with prime Western at 8 40c. and rime City at 78@80c.. Refined lard has had only a limited sale, but prices have been
advanced, closing at 8*50c. for refined for the Continent.
Speculation in the market for lard futures has been quiet,
but prices have advanced in sympathy with a stronger market for hogs, the result of smaller receipts.
DAILT OLOSIHG PBI0E8 OF LABD FnTTTBES.
bilities of slightly
i;
May.
Sat.
Man.
Tuet.
Wed.
8-37
8-47
8-52
8-47
Tknr$.
8-40
8-42
Pork has had only a jobbing sale locally, but prices have
held steady at $15 25@16 for mess, $16@16 50 for family and
$16@18 for short clear. Cat meats have had a better sale at
steady price8,cl08ing at 7J^c. for pickled shoulders, 9},^@lQl^c.
for pickled hams and 8j4@9J^c. for pickled bellies, 14@10
lbs. average.
Beef has been firm but quiet at $8 50@9 00 for
mess; $9 50@10 50 for packet; $10 25@1150 for family, and
$14@15 25 for extra India mess in tierces. Tallow has been
quiet but steady at 4i%@i%Q. Stearines have not changed
from
93>^@9i^c. for lard etearine
and
8^,^@9c. for oleo stearine.
Cotton seed oil has been in better demand and firmer, closing
at 35@36c. for prime yellow. Batter has been in full supply,
but prices have held steady at 15@19c. for creamery. Cheesa
has had a fair sale, and prices have been well maintained
at 6@9c. for State factory, full cream. Fresh eggs have been
fairly active and steady, with choice Western at 14c.
Brazil grades of coffee have had only a limited sale, but
despite large supplies there has been no pressure to sell, and
prices have held steady, closing at 6^c. for Rio No. 7. West
India growths have been in fairly active demand, jobbers
being better buyers, and prices have been well maintained
at 8@83^c. for good Cacuta. East India growths have been
quiet and unchanged. Speculation in the market for contracts has been quiet and fluctuations in prices have been
within a narrow range. The close was easier under local
selling.
The following are the closing asked prices:
5-400. Aug
May....
5-850.
5*55o. Deo
June
., 5-45o
5-45o. Sept
5-900.
5'6So. Jan
6*65o.
July
5-650. March
5-50O Oct
6'05o.
Raw sugars have been in moderate demand and firm at
4 9-82c. for centrifugal, 96-deg. test, and 3%c. for muscovado, 89 deg. test. Refined sugar has been in fair demand and
firm at 5*55c. for granulated. Other staple groceries have
been unchanged.
Kentucky tobacco has been quiet locally, but reports from
the West have reported a fair business at full values. Seed
leaf tobacco has been quiet. Sales for the week were 700
cases as follows: 250 cases 1899 crop, Wisconsin Havana, at
ll@12c.; 300 cases 1899 crop, Pennsylvania seed, at 123i'c.,
I
and 150 cases 1900 crop,
New
England Havana seed, at 22@
38(§90c., in bond, and 200 bales
65c; also 450 bales Havana at
Sumatra at 85c. @$1 90. in bond.
A fair business has been transacted in Straits tin and prices
have advanced sharply.
The close was steady at 28@28'50c.
Ingot copper has had only a moderate sale, but prices have
held steady at 17c. for Lake. Lead has been unchanged and
steady at 4-37^c. Spelter has been quiet at 3-95@4"00c. Pig
iron has been quiet and slightly easier, closing at $13@16 50
for domestic.
Refined petroleum has been steady, closing quiet at 6-90c.
in bbls., 7-90c. in cases and 4 -350. in bulk. Naphtha has been
unchanged at 9 '05c. Credit balances have held steady at
$1 05. Spirits turpentine was fairly active and higher early
in the week, but closed easier at 353^@36c. Rosins have
been in better demand and firmer, closing at |1 55@1 573^
for common and good strained. Hops have been quiet and
slightly easier.
Wool has had a fair sale at steady prices.
24, 1901.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below, For the week ending
this
evening the total receipts have reached 53,832 bales,
agamst
59,007 bales last week and 75,260 bales the previous
week, making the total reoelpts since the 1st of Sept., 1900,
7,041,539 bales, against 6,337,128 bales for the same period of
1899-00,
showing an inoreaae since Sep.l.
at—
Beeeiptt
Mon.
Sat.
Oalveeton..
Bab. Pass, &o.
New Orleans...
MobUe
1900. of 701,401 bales.
Wed.
Tuei.
Ttut.
TKurt.
Thurt.
Fri.
Total.
911
4,948
3,923
2,366
3,467
2,548
18,163
421
421
2,662
11
4,216
4,488
2,490
2,498
17,953
17
30
4
1,599
2
Pensaoola, Ao.
Bavannab
BmnBW'k.&o.
581
749
826
109
1,509
5,280
2,248
727
831
1,566
2,248
Oharleston
94
9
Pt. Bo7al,4io.
47
2
25
10
15
25
102
Nortolk
577
427
646
466
641
38
114
733
606
19
200
14i
201
48
12
67
174
"20
167
6,017 11,328 10,692
7,273
New York
Boston
Baltimore
PMladel'a, Ao..
week
7
232
......
851
168
293
50
978
News, Ao.
Tot. this
270
93
7
80
......
WUmlngton....
WaBh'ton.&o.
N'p't
45
1,509
3,608
168
2,071
375
978
440
7,006 12,516
The following shows the week's total reoelpts, the total since
Sept.1,1900, and the stock to-night, compared with last year.
1899-1900.
1900-1901.
Reeeiptt (•
TMt
May 24.
Since Sep.
1, 1900.
week.
TMt
week.
Galveston...
Stock.
Since Sep.
1, 1899.
18,163 1,976,093
Sab.P.,&o.
421
49,723
New Orleans 17,953 2,288,758
UobUe
109 108,687
P'Baoola,<bo.
165,646
1.609
Savannah...
5,280 1,032,681
Br'wlok.&o.
121,164
2,248
270 216,774
Oharleston..
P.Royal.Ao.
7
1,619
232 256,500
Wilmington
5,433 1,691,165
864
85,143
8,361 1,782,462
116 190,223
4,307
149,297
3,327 1,061,899
1,278
117,370
1,237 256,496
1,285
......
1,094 277,412
522
799
Wanh'n,
<bo.
srorfolk
8,608
N'portN.,<be
New York...
168
2,071
Boston
Baltimore
383,091
33,518
133,010
189.906
62,227
23,610
376
978
440
.
Phlladel.Ao.
53,832 7,041.529
Totals
1901.
848
1,638
188
723
501
23,639
164,495
9,287
113.376
6,703
• •iu
>
21,123
6,663
.....
7,406
3,129
• -•-
11,079
18,331
989
129
123,096
79,066
7,000
4,262
5,439
26,000
5,188
3,998
282.262
481,590
32,433 6,337,128
NoTB.— 2,911 bales added as correction
65,367
51,497
2,398
5,398
379,562
28,801
66,788
108.010
93,765
46,681
2,513
1900.
of receipts at
Savannah
Blnce Sept. 1.
in oraer that comparison may be made with other yearr,
totals at leading ports for six seasons.
we give below the
Beeeiptt at-
aalves'n.dke
New Orleans
MobUe
Savannah .
Ohas'ton, &o
1900.
1901.
18,684
17,953
6,302
8,361
109
116
5,280
1899.
2,853
19,812
368
175
111
2,423
1,933
3,488
247
54
700
620
993
32
897
166
4,322
4,446
2,474
Norfolk.
N. News, Ac.
3,608
168
848
482
A.U others...
7,621
8,635
7,178
3,962
193
8.102
wk.
53,832
32,433
38,058
39,038
Wilm'ton,Ao
rot. this
277
232
654
5,359
15,320
471
4,625
3,327
1,237
1,094
2,513
.
1896.
1897.
1898.
1,139
4,795
7,990
128
318
2,511
1,892
16,152
"l7,890
Since Sept. 1 7041,529 6337,128 816.'>.194 8440,049 6628.167 5127.619
The exports for the week enaing tnis evening reach a total
of 82,967 bales, of which 22,350 were to Great Britain, 15,563
Below
to France and 45,054 to the rest of the Continent.
are the exports for the week and since Sept. 1, 1900.
W$t}t
BrWn.
Salveiton....
Sab. Pass, fto..
Maw OTleaui..
Mndim May 21.
1901.
France
5,220 "~».863
1000. to
16,828
31,911
810.827 306,688
6.195
2,856
4.100
16,000
22.956
1.6C0
1,500
Pensaoola....
8.717
3,717
Cliarleiton...
May 21. 1901.
815.199 316 376
38,572
61.064
32.726
171.118
23,899
Continent.
681,391 1,813,269
19.690
53.263
60,102
611,728
61,698
21,119
70.377
70.163
897
897
1,133
1.133
Norfolk.
N'port N., Ao.
New York....
6,92i
Boston
1,148
Baltimore....
1,455
ICO
9.851
15.875
1.148
1,3'
2,830
1,000
1,000
Ptailadelpbla.
Ian Fran.. Ao.
77.379
11,610
18.163
243.643
807.813
72.890
3,899
3,240
131.191
712.769
88.117
110,689
60«
116.058
6,695
1.460
87.608
lotal.
807.272 1 ,624,787
80,882
86.067
600
PortBoyal...
WUminxton...
Total, 1899-00
1,
Oonti- lotal
eriat
France
n«nt. We«k. Britain.
Sarannah
Total
aeft.
Maported to—
Mobile
Brnnswlok....
From
Bxported to—
BvporU
*Tom—
230.841
3,034
223,180
18,205
28.613
502.093
1,108
810,877
119,839
5.001
52.298
55.633
16,119
22,350
15.563
45.051
8-2,967 8.771.017 097.891 2,83».766 6]858.677
37,357
2.766
35.778
75,791 2.110,8C0 678.056 2,700.128 6.188.081
B
.
May
6
1
THE CHRONICLE.
25, 1901.]
1041
In addition to above exports, our telegrams to-night alec
give uo the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
Hew York, whioh are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
We
OS 8HIPBOAKD, WOT OLBABBD FOB—
May
New
24 at—
Leaving
OerOther OoaatBHtain Fr'nee many. For'gn wise.
Oreai
9,934
8,028
Orleanfl.
Galveston
Bavannah
—
248 11,767
100
9,413
7,000
1,600
2,461
$toek.
Total.
432
584
500
100
31,824
11,430
9,100
132,671
53,937
42.397
100
6,566
s'.obo
2,020
3,000
5,298
9,287
10,331
121,076
41,119
65,474
416,116
2.57
Obarlestou...
MobUe
Norfolk
Kew York....
Other ports
i'sdo
Total 1901..
22,232
820
"906
2,000
1,000
"300
3,709 20,787 11,600
8,116
I
I
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I
2l
tco
to
I
d
I
9
d
I
I
CO
H-O
CO 66
9
I
9
«a<l
Total 1900..
Total! 899.
11,031
752
23.72 ^ 21,076
5,180 41,496
24,562 101,711
24,.533
32,346
340,756
620,002
Speculation in cotton for future delivery has continued on
a very moderate scale, commission houses, as a rule reporting no active outfcide interest in the market. Interest has
been centered largely in July contracts, which have showed
especial firmness. The stock of contract grades of cotton
held here is very moderate. The persistent talk of a squeeze
of shorts in this delivery bas had the effect to create considerable uneasiness amongst this interest, resulting in moderately
free buying to cover contracts, and prices have advanced.
Values now ruling in the local market are on a sufficiently high basis to attract cotton here from the South,
the talk of the trade being that at present in the neighborhood of about 10,000 bales are pointed this way. The new
crop deliveries have not been maintained by the strength of
July. Private advices received from the South indicate that
since the recent rains crop conditions have shown some improvement. Moderate selling of the fall deliveries for Southern account also has been reported. The movement of the
crop has continued large for the season of the year, and no improvement has been reported here or abroad in the condition
of the cotton goods trade. Today the market was quiet,
but prices were maintained by the strength of the July opThe close was steady at 2@7 points advance for this
tion.
crop, and unchanged to 1 point decline for the next crop.
Cotton on the spot bas been steadier, closing at 8' ^c. for
middling uplands.
The rates on and off middling, as established Nov. 21, 1900,
by the Revision Committee, at whioh grades other than
middling may be delivered on contract, are as follows.
0.
Fair
on Strict Good Mid. Tinged. 0. 3,3 oa
Middling Fair
ikon Good Middling Tinged
Even
i^ off
Striot Good Middling
iflon Middling Tinged
OoodMlddllng
^jgon Strict Low Middling Tinged «8 off
i^ off
trlot Low Middling
haott Middling Stained
Low Middling
off
'i e o^ Strict Low Mid. Stained..
Strict Good Ordinary
H off Low Middling Stained
l»flofl
Good Ordinary
liieofl
On this basis the oflSoial prices for a few of the grades for
the past week ilay 18 to May 34— would be as follows-
m
.
m
—
UPLANDS.
Sat.
iflon Taeii
Good Ordinary....
7
7
7<>8
Middling
GoodMTddllng
7»8
8i>«
338
Middling Fair
8ii»i<
GULF.
Sat.
Low Middling
Good Ordinary.
714
7'8
Low Middling...
Bllddllng
Good MTddllng..
Middling Fair..
888
91,
STAINED.
Sat.
Low Middling
MlddUng
Strict Low Middling Tinged..
Good Middling Tinged
69,6
7»,8
7ilie
8ii«
71,8
8li«
838
8ia,e
Wed
TM.
Frl.
ZJi«
71,8
"71^7
7li,«
8»«
8ie
87,6
87,fl
iii«
8''8
8-^8
Mon Tues
8'8
JXTea
Th.
75iR
Zi!i«
838
75,8
715l8
811,,
8H16
7I4
75,«
7''8
715,fl
85l6
8»8
9110
838
8iiie
69,8
79,6
7iiie
8'i«
6B8
788
688
7»8
7%
7%
838
Frl.
75,
fi
715,6
838
8l'i6
8l8
9ie
9ie
9^
Slon Tnea PFed Tk. Fri.
8l8
688
7»8
7%
8i«
8ie
688
758
711
8ie
for middling upland at New York on
of the past 32 years have been as follows.
8ie
1898.
0. 7liifl
1886 .-..0.11
1877....C.11
1893
llSg
739
1884
1876
lUSie
95l6
16i«
614
1891
815,6 1883
1016,8 1876
12i«
1890
67,6
1238
1858
1882
1874
1889
llifl
1881
1873
19>H
10?i
Ii'i8
8l6
1888
10
3518
1880
11\
1872
75,8
1887
1658
111,8
1879
13
1871
7>4
Hi«
1886
914
23
1878
1870
The quotations
May 24 for each
1901...
1900...
1899...
1898...
1897...
1896...
1896...
1894...
MABKBT 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 whioh show
at a glance how the market for spots and futures closed on
same davs.
Spot Mabkxt
Olosbd.
Saturday.. Quiet
Monday
Thursday.. Quiet
Friday
Dull
Total.
1,6
Salbb of Spot
Market
Closed.
QuletAet'dy
Steady
Dull
Toesday ... Qiilet at
Wednesday yulet
FUTDKBS
port.
454
adv. Stead v
<b
gontbagt.
Oon-
Oon-
Bump.
tract.
135
265
1,500
17
Qulet&st'dy
isceady
Isteady
454
400
93
600
910
2,100
I
I
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d
I
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I
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I
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9
I
1,765
17
1,000
93
3,464
I
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1
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The Visible bUPPLY op Cotton to-night, as made up x>y
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently ail
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(May 24), we add the item of exports from the United States,
Including in It the exports of BYiday only.
1899.
1898.
1900.
1901.
stock at layerpool
599,000 1,477,000 1,171,000
bales. 749,000
5,000
6,000
Stock at London
5,000
8,000
Total Great Britain stock. 757,000 604,000 l,4S'.i,000 1,177,000
Stock at Hamburg
12,000
27,000
20,000
16.000
Stock at Bremen
206,000 325,000 301,000 315,000
2,000
Stock at Amsterdam...
3,000
1.000
300
200
Stock at Rotterdam
200
300
9,000
Stock at Antwerp
4,000
5,000
3,000
221,000
203,000
Stock At Havre
170,000 192,000
4,000
Stock at MarseUles.
6,000
4,000
3,000
98,000
103,000
Stock at Barcelona
93,000
61,000
38.000
70,000
Stock at Genoa.... ............
63,000
43,000
26,000
7,000
14,000
6,000
Stock at Trieste
743,200
706,300
Total Continental stocks.. 503,200 702,300
Tetal European stocks. ...1,260,200 1,306.300 2,225.200 1,883.300
129,000
115,000
India cotton afloat for Europe
49,000
85,000
Amer. cotton afloat f or E'rope. 308.000 193,000 208,000 246,000
21,000
26,000
16,000
E(rypt,Brazll,&o.,allt.forE'pe
23,000
Stockln Alexandria, Egypt... 171,000 125,000 160,000 167,000
Stock In Bombay, India
610,000 321,000 678,000 653,000
503,565
8tock In United States ports.. 481,690 282,262 721,713
StocklnU.S. interior towns.. 415,627 170,982 377,630 224,226
12.527
6,768
11.715
18.013
United States exports to-day..
Total visible supply
3,366,132 3.481,552 4,524.070 3,733,859
Of the above, totals of American and other descriptions are as f oIIowb:
Aineriean—
619,000 491,000 1,395,000 1,082,000
450.000 672,000 678,000 664,000
American afloat for Europe.
193,000 208,000 246.000
308,000
United States stock
491,590 282.2^2 721.713 £03,505
United States Interior stocks. 415,627 170,982 377,630 224 226
6.763
12,527
18.018
11,715
United States exports to-day..
Total American
2,285,932 1.827.252 3,392,870 2.726,659
Sail Indian, Braail, <»c.—
89,000
82.000
Liverpool stock
130.000 108,000
6.000
5.000
5,000
London stock
8.000
6=>,200
42,300
80,300
Oontlnental stocks
63.200
129,000
49,000 115.000
India afloat for Europe
86.000
21,000
26,000
16.000
B«ypt. Brazil, Ac. afloat
23,000
Stockln Alexandria, Egypt... 171.000 125,000 160,000 167,000
5,S3.000
Stock In Bombay, India
610,000 321.000 678.000
Total East India, &0
1,080,200 654,300 1,131,200 l.C 07,300
2,285, f'32 1.827,2?2 3,392.870 2.726.569
Total American
Total visible supply
3,366,132 3,481,542 4,624,070 3.733,859
assd
ailddllng Upland, Liverpool
5(1.
41is2d.
Llverpo
ei<o.
69] 86.
MlddUng Upland. New York..
8180.
9»,«o.
41-ii6d
5381.
7Si8d.
EgTpt Good Brown. Liverpool
65,6(1.
7i«d.
6'8d.
PeruT. Rough Good. Liverpool
6»e<l.
7ii8d.
321. .,d,
4l4d
3173.,d.
S^sd.
Broach Fine, Liverpool
sssd.
39.;2d.
rinnevelly Good, Liverpool..
61i6d.
41i6d.
EST continental imports past week have been 99,000 bales.
The above figures indicate an inerecu^e in 1901 of 884,580
bales as compared with same date of IflOO, a loss of 1,157,933
bales from 1899 and a decline of 367,737 bales from 1898.
Liverpool stock
Continental stocks
bales.
. .
,
Total.
9
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66
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.
THE (IHKONICLR
1042
At the Interiob Towns the movement—that is the receipts
since September 1, the shipments for the
week and the stocks to-night, and the same items for the
oorresponding period of 1899-1900 -is set out in detail beloxf.
for the
week and
•
-
May
a>
K
«»
5» » CSS
d B 9?
O
-
M?
(J
13
a
» n a
OLOSINO (JDOTATIOKS FOB MIDDLIKG OOTTOM
9
tv3
©a
OS
Qoi-'ceoo
to
M
K>
M
H"
;
<!•-'»
Vjcm-'
ix-
7»8
7*18
7"i6
71118
7^8
768
71I18
7=8
768
7iiie
798
798
7»fl
7^
788
8iia
8
85l8
8
74
7ifl
7%
7^
7J«
734
798
8i«
8
7*8
8I16
8
85i8
8
79l6
7'{,e
71I16
758
7%
7%
81 a
7».8
71118
71I18
78^
7B8
768
798
7%
7%
81; 8
8
838
8
8%
79lfl
7",e
71I16
7lfl
7lfl
7^
7\
7^
7%
758
8^8
8
838
8
798
8>e
8
8%
71116
7111B
8
79l8
71'16
7'iie
7h
7%
799
7iiia
79.
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
*
«'-''-''-*'8».
I
"^ •-'
1^ -J 06 ^0
«<;
-c *» u" ^,'05,'-'
(3! !»»
lf»-
..
7»8
7«i«
74
7^3
7%
71a
ft
Coulsvine...
Sa
-l(-03Q0«qQ0t0H'(y<O'O<CXW^
7»«
79,
711,
71116
Louis
Clnolniiatl
toi^
W
M S*
* 10 C *. «> «> OS O '^ M a ©
o w © oc w^iH- *-j(k « ® to jo-jv ODj>»
^ <» ©
'V-i'j».Viol^%lcVVb'<ix A — VaoibbVi w"rj- tow"cj>toa[;'«V3V cji©
kO©au»i©0; ^toc»towc<5C5>^;DC!CC'0>a3-JCJ>i-'c;>-'a'^'T^O~J ©'
^too>>-aotowjo©awi-'Oioto«a>occif^Oi-'ic^tO!Op-'it^coo*>- ©
iP^
7"ie
7'>8
Houston
to
«M — T'»3<i«3tototato»-'a)
-"•OStOCE
M to -J
>-•
71116
MemphlB
;
•JtOiyi05lf»'*'tJ>OOWOSW«!©oaC>«©'
I- 00 lU If
Fri.
Augusta
'
*~4
*.ioocwww-i-~i©60'-'Mtct3MM;
r^tO
Thurs.
.
3";
W M
©-I
Wednes.
Boston
Baltimore
Philadelphia
St.
oiQc'wt-'to'i-'
Tues.
Charleston..
iVllmlngton.
Sortolk
Qoi
» t<
B ai
iron.
Mobile
Savannah...
o
OS—
Satur.
New Orleans
HJODO
-OB
24.
asklveston...
W?
o
[Vol. LXXir,
Quotations pob Middlinq Cotton at Otheb Mabkets,—
Below are closing quotations of middling cotton at Southern
*nd other principal cotton markets for each dav of the week.
Week ending
*
c
"< S
g
«
_!«>
Athens
Oolumbu8,Ml88
I
Atlanta
Charlotte
798
Colnmbne. Oa.
7'«
Kufaula..
Little
I
Book
Montzomer.v...
7^8
7*^
7'^
798
Nashville.
1
Natchez
Raleigh
Bhreveport
,.
769
77,
7>«
7ii 18
Weather Reports by Telfgraph.— Telegraphic
advices to
us this evening from the South indicate that the weather has
s?
on the whole been more favorable during the week. In
-•
-J
en
00
to too"
woo»a<i 0OM«i
to ^©00©
North, East and Central Texas good rains are reported, but
{©©ififtaco^aif" oD.iwtoo:M©MM-3©*'»tc*-©o-.i-^oi©
— ©©© — to •*
Oi V
O Oi i^ MOiftOixWifOD^WaitOOMC^iai.
in Southern and Southwestern sections of the State moisture
t^
MW«M©c30-rM> lfU<^|ftO©tOtO©l(>'W©SOO©CXI^MtO<):0
is claimed to have beea insuflBcient. Our Galveston correspondent states that the crop has been benefited, but that it has a
m
m
to
«3-a: loto
oo
«:
serious deficit in the winter rainfall to contend with. From
tn»o; u"«Jtsa3
Mifi^M ootow; toiyiMK); t» t^^Moi
w!
So
V>' «4©M> ©if^MMtOM^tOtSGOUtO' ^a<tc©> a<©^M©
Arkansas and Alabama an improvement in condition is referred to, but complaint is made from portions of Alabama
M
M
M
lOM
ex
to
-J
<l
0'ifkKk!rMXMMMMQo©-j©Mo><».©Mif*».yao©wtoexaa>M 1^
50 to t9 W ©J^^ *'J^,*',* W ©^PJ^ op «^'">5,'^ W op J-" •'PP W
that stands are still indifferent. In t'^e Indian Territory dry
©P
wb'if Mwl3<il:j'loViV'««V'cct5<jbMh:'b<— "i^x>. Abot;lKb''*.
weather is now said to be needed. The rainfall along the
OOcawoo^-wcoyoccOcunc^wwly>OlC»r-c^co©»•->-'«MO-JJ
<o©a<ifei;xaDU<w©oi>aDcxifMUiaDifwa-£©©v©v<<ito<j<w
Atlantic has been excessive in districts, and some damage is
claimed to have resulted in South Carolina and Georgia.
to
M
00
to
©
to
Oalveston, Texas. Good rams have fallen over North,
MOD If
wmm; M' ©If ©to
to to
^:
u<ooto©©octo: 870
m;
Vlf w
<llf -CO
Central and Eist Texas. In South and Southwest Texas,
M*.©. OiW to©wio»
-5. 83
If <1-J«©«>©.
o
however, the rainfall has been insuflfijient. The crop has
been benefited where rain has fallen, but it has a serious
1^
Is
^
tOM; ©
wnutowto
ifOOMMMtOM to
US o
deficit in the winter rainfall, or season in the ground, to conMif' WWM< ©©• ©®0>CJitOMtOW*^CDOitO<10lOlfO*©OiM
to ?f
ODoo; ODOif; o>«; ©ly^-Jl0^o~3wou"^^cooDCot^:cDC^. WM03;ao
tend with. We have had rain on one day of the past week,
•
Ol
M ifMw*'©*»~JO©ta^-<lifc©tii(-u<>fc-to
00 to
to ©
to If
to the extent of thirty -nine hundredths of an inch. The
The above totals snow tnat tne interior stocKs nave de- thermometer has averaged 77, the highest being 80 and the
ereaaed during the week 19,320 balep, and are to-night 241,645 lowest 66.
bales more than at same period last year. The receipts at all
Abilene, Texas. There has been rain on two days of the
towns have been &76,690 bales more than same week last vear, week. The precipitation reached eighty hundredths of an
Overland Movement fob the Week and Since Sept. 1,— inch. The thermometer has averaged 78, ranging from 56
We give below a statement showing the overland movement to 92
for the week and since Sept. 1, as made up from telegraphic
Brenham, Tkcas.—There has been rain on three days durreports Friday night.
The results for the week ending ing the weak, the precipitation being one inch and s»-ventyMay 24 aad since Sept. 1 in the last two years are as foUowe. six hundredths. The thermometer has ranged from 59 to 87,
averaging 78.
1900-1901.
1899-1900.
Corpus ChrisH, Texas.— We have had rain on two days of
May 24.
Since
Since
the past week, the rainfall being one inch and one hundredth.
Week. Sept. 1.
Week. Sept. 1.
Average thermometer 80, highest 86, lowest 66.
Dallas, Texas
We have had rain on three days of the past
Shipped—
Via St. LoalB...^^ ..
7,043 811,728
6,299 809,118 week, to the extent of two inches and eighty-one hundredths.
Via Cairo
3,193 219,345
1,660 220,731 The thermometer has averaged 76, the highest being 86 and
Via Paduoah
5,101
11,635 the lowest 55.
Via Rook Inland
280
67,140
12,810
Huntsville, Texas. We have had rain on four days during
VlaLoalevlhe.... ...
1,165 129,393
204 205,147
Via Olnoinnatl
1,212 100,743
575 131,952 the week, the rainfall reaching one inch and eighty five hunVia other roates, &o.
1,303 265,012
1,048 302,815 dredths
The thermometer has ranged from 57 to 93, averaging
76.
Total gross overland
14,196 1,578,462
9,686 1,694,208
Henrietta, Texas. There has been rain on two days during
Deduct shipments—
N.
Overland to
Y., Boston, &o.
3,864 408,753
3,050 316,274 the week, to the extent of two inches and twenty three hunBetween Interior towns..
97.097
48
73,896 dredths. The thermometer has averaged 76, ranging from
3',230
Inland, ibo., from Boatb
205
68,857
91,103
«h
moa *
U ©
WW
W MM MtS If w
cooo3»otseo CO w©~3»Mtoeo'
Q0W0t!O00©»a>-'©Wl»».<llOWt0©;
«4©<P©U<% V<CO»>OiWO>CDM>o !(>>'
to
<». hj *>
o< if>.
O''a0 05C/'W0Dt0DCt0<J'X>i-jOi
i(k
(X> V<
0)0) QC
If^ tS D^ -si
,
Cr.
\t^
,
tf^
If-
•
.
;
•
—
;
t
1,460 2.869
:
!
teeek.
This
1,680
101
i
It-
c;<
•
—
—
,
—
—
.
54 to 89.
Total to be dednoted
7,094
674.707
3,303
480,273
Leaving total netoverland*".
7,1(2 1,003,755
6,383 1,213,935
* Including movement by rail to Canada.
The foregoing shows the week's net overland movement
this year has been 7,103 bales, against 6,383 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 210,180 bales,
1900-1901.
1899-1900.
In Sight and Spinners'
Taktnffs.
Week.
Receipts at ports to May 24
BTet overland to Mav 24
Bonthem consumption
to
.
May
'
Game Into sight dnring week.
Total in Bight May 24
Movement
May
1.
Since
Week.
Sept.
1.
53,832 7,041,529 32.433 6,337,128
7,102 1,003,755
6,333 1.213 935
24. 29,000 1,035,000 32,000 l,14i;000
Total marketed
Interior stocks in excess.....
Horth'n spinners tak'gs to
• Decrease during week.
Since
Sept.
89,934 9.130,284 70,816 8.692.063
19,320 371,000 * 16,071
t72,201
70,614
54,745
9,501^284
8,819,862
24 20.242 1,778,144 16,465 2,154,788
into sight in previous years.
Since Sept.
1899
1898
1897
1896
bales.
69,340
52,723
29.642
33,700
1898-99
1897-98
1896-97
1895-96
1.
bales. 10,659, 141
10,615,906
8,181,371
6,776,982
—We
have had rain on two days of the
Lampasas, Texas.
past week, the rainfall being one inch and saventy-nine hundredths. Average thftrmometer 78, highest 91, lowest 54.
Longvieio, Tea as. There has been rain on three days of
the week, the precipitation being one inch and forty-two
hundredths. The thermometer has averaged 74, the highest
being 88 and the lowest 53.
Palestine, Texas. There has been rain on three days of
the week. The precipitation reached fifty-two hundredths
of an inch. The thermometer has averaged 75. ranging from
58 to 84.
There has been rain on three days during
Paris, Texas.
the week, the precipitation being one inch and forty-nine
hundredths. The thermometer has ranged from 53 to 85
—
—
—
averaging 73.
San Antonio, Texas. We have had rain on two days
the past week, the rainfall being thirty hundredths of an
inch. Average thermometer 81, highest 92, lowest 58,
Ardmore, Indian Territory. The ground is now too wet
for farm work, and dry weathsr is needed for the present.
We have had two inches of rainfall since Saturday last.
Shreveport, Louisiana. There has been rain on four days
during the week, the rainfall being one inch and fortyeight hundredths. The thermometer has ranged from 56 to
87, averaging 71.
New Orleans, Louisiana, It has rained on two days of the
week. The thermometer has averaged 70.
—
—
—
—
«
May
—
.
THE CHKONICLE.
25, 1901.]
We
have had rain during the week,
Leland, Mississippi.—
the precipitation reaching one incb and twenty hundredths.
The thermometer has averaged 76-1, the highest being 05
and the lowest 52.
Meridian, Mississippi. —Nights have been too cold for cotton, and the crop is a month late. There has been rain on
one day of the past week.
Vicksburg, Mississippi.— Rsdn has fallen on three days during the week, to the extent of one inch and fifteen hundredths. Thermometer has ranged from 56 to 87, averaging 71.
Ldttle Rock, .Ar/cansas.— Chopping out is making good
headway and stands are reported good. Rain has fallen on
one day during the week, the precipitation reaching thirty
hundredths of an inch. The thermometer has averaged 70,
the highest being 83 and the lowest 50
l^Helena, Arkansas.— Cvoits have improved and overflowed
land is being replanted. There have been two nice showers
during the week, the precipitation reaching ninety-five
hundredths of an inch. The thermometer has averaged 71-5,
ranging from 54 to 86.
Memphis, Tennessee,— The weather has been more favorable,
and condition shows some improvement. Heavy rain this
morning. It has rained on two days of the week, the pre
cipitation reaching thirty-six hundredths of an inch. Heavier
in the neighborhood. The thermometer has ranged from
56'2 to 86-2, averaging 70.
have had beneficial rains the
Nashville, Tennessee.—
past week, the rainfall being three inches and twenty one
We
I04H
Our Cotton Acreage Report.— Our
cotton acreage report
the
7th
of June.
about
ready
be
Parties
will probably
quantities,
with
their
business card
desiring the circular in
printed thereon, should send in their orders as soon as
possible, to ensure early delivery.
India Cotton Movement pbom all Ports.—The receipts
Df cotton at Bombay and the shipments from all India ports
for the week ending May 23, and for the season from Sept. 1
to May 23 for three years have been as follows:
1899-1900.
1900-1901.
Receipts at-
Since
Week.
Bombay
Since
Week.
Sept. 1.
54,000 1,618,000
1898-1899.
Sept. 1.
Since
Wuk.
Sept. 1.
849,000 31,000 1,806,000
11,000
For tke Week.
Since September
1.
Mzporii
from—
ereat
Britain.
Continent.
Total.
3.000
7,000
15,000
4,000
7,000
17,000
2,000
4,000
2,000
4,000
Great
Britain.
Continent.
Total.
Bombay—
1900-01..
1899-00..
1898-99..
1,000
2,000
64,000
3,000
14,000,
463,000
72,000
434,000
627,000
75,000
448,000
Oalcatta—
1900-01..
1899-00..
1898-9J..
3,000
1,000
2,000
27,000
19,000
20,000
7,0001
12,000
30,000
20,000
22,000
I
Madras—
1900-01
.
19,000
1899-00..
1,000
2,0001
1,000
7,000
9,000
Average thermometer 69, highest 8-4 lowest 53.
1898-99..
2,000
17,000
19,000
Mobile, Alabama. Rains were quite general in the early 4U others—
part of the week in this section, and the condition of crops has
2,000
1900-01..
2,000
8,000
72,000
80,000
2.000
1.000
1899-00..
2,000
40,000
41,000
Improved. We have had rain here on two days during the
3,000
1898-99..
2,000
7,000
1,000
83,000
90,000
week, the precipitation reaching fifty-eight hundredths of an
inch. The thermometer has averaged 74, the highest being Total aU—
8,000
7,000
82,000
574,000
86 and the lowest 59
1900-01..
1,000
656,000
7,000
14,000
14,000
138,000
146,000
189900..
Montgomery. .4/a&a7na.— Since the beneficial rains in this
20,000
25,000
554,000
1898-99..
3,000 17,000
579,000
section, crops have improved and are progressing quite well,
backward.
have
had
rain
on
two
considerably
We
foregoing,
Bombay
appears to show an
but are
According to the
days of the past week, tlxe rainfall being one inch and thirty- increase compared with last year in the week's receipts of
nine hundredths. The thermometer has averaged 73, and 43,000 bales. Exports from all India ports record a loss
ranged from 59 to 91.
of 6,000 bales during the week and since September 1 show
Stlma, Alabama.— The weather has been more favorable an excess of 511.000 bales.
and the crop is making fair progress; stands, however, are
Alexandria Receipts and Shipments op Cotton —
There has been rain on two days during Through arrangements we made with Messrs. Davis,
still indifferent.
the week, the rainfall being one inch and seventy- four hun- Benaohi & Co., of Liverpool and Alexandria, we now
dredths. The thermometer has ranged from 62 to 94, aver- receive a weekly oable of the movements of cotton at
aging 78.
Alexandria, Egypt. The following are the receipts and
Madison, Florida.— Theve has been rain on two days of shipments for the past week and for the corresponding
the past week, the rainfall being one inch and ten hun- week of the previous two years.
dredths. Average thermometer 80, highest 92, lowest 68.
Alexandria, Egypt,
Augvsta, Georgia, Crops have only just fairly started,
1900-1901.
1899-1900.
1898-1899.
May 22.
and are therefore very late. Excessive rains have caused
local damage to cotton. There has been heavy rain on five aeoeipts (oantars*) .
This week....
4.000
11,000
45.000
days of the week, the precipitjation being four inches and
Since Sept. 1
6.413,000
5,224,000
5,548,000
The thermometer has averaged 74, the
five hundredths.
highest being 87 and the lowest 61.
This
Since
TMs
Since
This
Since
week. Sept. 1. week. Sept. 1. week. Sept. 1.
Savannah, Georgia. —We have had rain on five days of the
past week, the rainfall being one inch and ninety-one hun- Bxports (bales)—
The thermometer has averaged 75, and ranged
dredths.
To Liverpool
5.000 290,000 2,000 377,000 4,000 296,000
To Continent f
8,000 261,000 4,000 373,000 3,000 314,000
from 65 to 87.
Charleston, South Carolina. It has rained on six days of
Total Eorope
13,000 551,000 6,000 750,000 7,000 610,000
the week, the precipitation reaching two inches and eighty' Aoantarl8 98 poands.
65
to
hundredths.
The
thermometer
has
one
ranged from
Ot which to America in 1900-1901, 44,727 bales: in 1899-1900,
huudredtbs.
—
I
—
.
t
—
1
averaging 73.
Stateburg, South Carolina. On one day of the week we had
a thunder-storm with heavy rain, high wind and hail as big as
walnuts, damaging crops in limited areas. On. another a
very heavy rainfall occurred, and there were light showers
on four days more, although the precipitation reached five
inches and ten hundredths. Much land was either washed
or flooded, and replanting will again be necessary here and
there. The thermometer has averaged 73, the highest being
89 and the lowest 59.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
82,
—
8 o'clock
May
23, 1901,
and May
24, 1900,
May
New Orleans...
Above zero ot gaage.
Above zero ot gaage.
Above zero of gaage.
Above zero of gauge.
Above zero of gaage.
Memphis
NashvlUe....
Bhreveport..
Vloksbarg
23. '01.
May
24, '00.
Feet.
Feet.
131
9-7
12-3
40
153
141
2-9
9-4
20 8
32-7
—
We
comparison,
1900.
SMrt- Oott'u
8H
32< Oop, ingt, common Mid.
Twist.
to finest.
Uplds
8>« Itts. SKtrt- Oott'n
.t2» Oop.
ings, commoti Mid.
Twist.
Vptdi
to finest.
d.
s.
Ap.l9|7% OS's 5
••
26 7lh6»8^ S
d.
3
3
2
3 74i nSH
" 10 75i« ©838
" 17 7J4 »838
5
5
6
1
1
1I)w^
5
1
May
" 24 7i«
e.
®7
©7
©7
®7
«7
«7
d.
11
il
101«
d.
d.
d.
8>4 a>9i«
4.H
42130 8''i..«9ifl
47,„- 33i<,»9
8iiR®9
!)
4113.,
9
4U,o
<>
41'-,ol713
S
09
8.
5
5
5
6
5
,®q7« 5
d.
6
6
5
— We have
1900-1901.
May
Receipts to
24.
Savannah
Florida,
©S
©8
©8
4^08
4.^93
3 «^
d
d.
6
6
4i«
4ifl
51532
616s2
67,
ft'is
3
6I4
llfl'
ft
Stock.
Since
This
Since
This
week. Sept. 1. week. Sept. 1. 1901.
&c
&o
Total
1900.
5,534
....
71,960 11-214
782
7,745
662
17,074
10
96,77912,678
5,991
401
60
25
64,196
10
8,271
12,743
486
85,2l0l
458
1
The exports for the week ending this evening reach a total
of
bales were to Great Britain,
bales, of which
to France and
to Bremen, and the amount forwarded to
Northern mills has been 979 bales. Below are the exports
for the week and since Sept. 1 in 1900-1901 and 1899-1900.
Week E nding May 24. Since Sept. 1, 1900. Xorth'n Mills.
—
Exports
from—
Great Fr'nce
Great Fr'nce
Brit'n.
Total. BHl'n.
dtc.
die.
Total.
Savannah...
17,166
2,20c 19,356
Charl't'n.ifeo
452
452
New
5I974
Bait.,
"256
York..
Boston
6.
received this
1899-1900.
Florida, &c.
1901.
d.
Sea Island Cotton Movement.
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (May 24) and since
Sept. 1, 1900, the stocks to-night, and the same items for the
corresponding periods of 1899-1900, are as follows.
Cliarleston,
Manohbster Market. Our report received by cauie
to-night from Manchester states that the market is steady
for both yarns and shirtings. Manufacturers are generally
complaining.
give the prices for to-day below and
leave thosb tor previous weeks of this and last year for
lbs.
67,359 bales; in 1893-99. 45,913 bales.
(fee
Total
Total '99-00.
Quotations
15c.; choice,
23,832
76
May
'
76 38,3ei7
2',870
Since
Week. Sepl.l.
979 29,369
"26
1.705
13,990
8"844
"250
5,O70|28,9O2j 1,004 4.'S,064
7,773 4G,160l
100 45,231
24 at Sav:innah.— For Georgias extra fine,
lej^c; fancy 17}^(<?18c.
Charleston. Caroliaas,
fine to extra fine. 25c.
fine,
2-2c..
fully
fine. 23e.;
fully
THE CHRONICLE.
1014
Manchester Cotton Goods Market, &c.— Incur editorial
columns to-day (page 1011) will be found an article under the
above caption by our special Manchester correspondent.
Department of Agriculture Monthly Cotton Reports— Dares of Issue Cliangeci.—We are now advised that
the Department of A:?riculture will issue no monthly cotton
reports in June. The next report will be issued on July 3,
and on the same date of each succeeding month.
New York Cotton Exchakge Nominations.— The following selections to be voted for at the annual election on June 3
have been announced by the Nominating Committee: President, Samuel T. Hubbard Jr.; Vice-President, J. Temple
Gwathmey; Treasurer, G-eorge Brennecke. Board of Managers: George W. Baily, E. A. Fachiri, Robert P. McDougall,
H. Hagedorn, George F. Jones, David H. Miller, H. Norden,
M. J. Parrott, James F. Maury, William Ray, Albert L.
Rountree, Richard A. Springs, Frederick Van Riper, Frank
B. Guest and Henry H. Wheeler. Trustee of Gratuity Fand,
to serve three years, William J. Hochstaetter.
Jute Butts, Bagging, dc— There has been an extremely
light business in jute bagging during the week under review,
and prices are unchanged at 5JaC. for 1% lb. and 6>^c. for 2
standard brands are
Car-load
lb., standard grades.
quoted at 6i^@63^c., f. o. b., according to qnality. Jute
butts continue dull, with prices nominal at 13^@l%c. for
paper quality and 2%@2}4c. for bagging qnality to arrive.
Government Weekly Cotton Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S.
Weather Bureau, made public on Tuesday the following
telegraphic reports on the crop in the Southern States for
the week ending May 20.
lots of
Virginia.— Week favorable for growth.
North Caroli a.— Past week generally favorable, but cool nlght8
and lack of stimulating, high mid-day temperatures prevented rapid growth; planting cotton practically over except on bottom lands, fair
to good stands secured, choppiog made good progress.
BouTii Carolina.— Week dry. closing with generHl, heavy, and benecotton stands poor over western sections, fair over eastficial rains
ern, chopping and cultivation general, condition unsatisfactory but
;
improving.
Georgia.— Drought effectually relieved by heavy rains in south section 17th, and general rains 19th and 20th; crops matfrial'.y impreved, especially cotton, J which was in critical condition; chopping
nearly completed in south section and progressing elsewhere.
Flokida.— Favorable for work local thunder showers benefited cotton districts not favored by rain suffering.
Alabama. Insufficient showers, soaring rain needed; cotton slightly Improved, some late planted up, much not germinated, chopping
progressing slowly.
Mississippi.— Good rains north first of week and south last of week;
crops in good state of cultivation and improving rapidly cotton chopping general, replanted comlnj,' up to fair stands north, uneven south,
;
;
—
;
some not up
MID
yet.
Louisiana.— Drought broken, except In southern parishes and a
few scattered localities elsewhere; cotton that is up shows 'uneven
stand, but doing fairly well, large acreage not up.
Texas.— Showers five days, with heavy local rains in northeast portion; drought continues In extreme west portion, more rain needed
south portion cotton small and Irregular, but Imiiroved, except slight
damage north portion from washing.
Arkansas.- Warmer rains general crops improved cotton being
cultivated, early planted generally poor stand, lato fair to good.
Tennessee.— First five days continued dry, crops suffered and made
slow growth; late planted cotton came up very slowly, nlowing hindered fine rains over most of State 17th to 19th benefited all crops
and will assist in bringing up coiton.
Oklahoma and Indian Territories Drought broken all crops
improving rapidly cotton looks well.
Missouri.— Good showers in western, but drought continues in central and eastern sections; cotton well worked, but complaint of poor
;
;
;
;
;
—
;
;
stands.
These reports are summarized
by the Department as
follows:
[Vol. LXXII.
Total bale$.
Boston-To Liverpool—May 20— Steamer Wlnifredian, 703
May 22-Steamer New England, 445
Baltimore— To Liverpool— May 17— Steamer Vedamore, 1,455
To Bremen— May 22— Steamer Koln, 1,375
San Franci8CO-To Japan—May 21— Steamer Coptic, 1,000.
1,148
1,455
1,375
1,000
. .
Total
82,967
in
,
The particulars of the foregoing shipments, arranged
oar usual form, are as follows.
ereat FrencK Qer- ^Oth.E'rope-^ Mexico,
Brii'n. portt, manv- North. South.
<tc. Japan.
New
York.
N. Orleans
5,924
2,856
5,220
Galveston.
Brunswick
9,863 15,531
1,500
812
3,717
VX1.\/1&...
0<7/
News
1,133
1,148
1,455
N'p't
1,400
>
Pensacola
-^^
100 3,089
4,100
300
uoston
Baltimore,
5,362
15,700
22,9.56
485
31,911
1,500
3,717
*
•«
«••
•>«••
Total.
15,875
0«7/
1,183
1,148
2,830
1,000
1,375
SanFran
1,000
Total..^ 22,350 15,563 20,295 2,212 21,062
485 1,000 82,967
Exports to Japan since Sept. 1 have been 700 bales from
New York and 51,953 bales from the Pacific Coast.
Below we give
news received
all
to date of disasters to
vessels carrying cotton from United States ports, &o.
Glenwood, steamer (Br.), at Manchester, from Brunswick, took fire
In port, but the fire has since been extinguished. Twenty-one
bales of cotton damaged by fire and some others damaged by
water. Total cotton cargo 5,514 bales.
New York
Cotton freights at
as follows.
Liverpoool
ifon.
Iut$.
11
11
11
20«'21
21-22ifl 20
c.
21
20
32
21
18® 19
c,
Hamburg
Amsterdam
c.
c.
Rotterdam
Antwerp
e.
c.
Wedne$. T\Mr$.
Satur.
e.
Havre
Bremen
the past week have been
8 21
21
20
32
21
Fri.
11
11
11
20921 20®21 20®21
21
20
32
21
21
21
20
32
21
21
20
32
21
20
32
21
18S19 18®19 18®19 18319
18®19
Ghent, v. Antw'p.c. 25-261S 25-26J« 25-26»fl 26-26ifl 25-26i« 25-26ifi
Reval, v.Br-Hame.
37
37
87
37
37
37
Do
Do
32
32
17320
17®19
V. HU11...C.
32
32
32
32
V. St. Pet.e.
Genoa
c.
17®19 I7a>l9 17®19 17919
30
30
30
80
30
30
Quotations are cents per 100 lbs. or fractions of a penny per lb.
Trieste
c.
—
LiVBBPOOL. By cable from Liverpool we have the following statement of the week's sales, stocks, &c., at that porti
May 3.
Sales of the
week
bales.
Of which exporters took...
Of which speculators took.
Sales American
Actual export
Forwarded
Total stock— Estimated
Of which American- Est'd.
Total Import of the week
Of which American
Amount afloat
Of which American
May
41,000
1,000
200
38,000
4,000
66,000
771,000
651,000
53,000
35,000
162,000
120.000
10
43,000
2,100
1,100
41,000
8,000
53,000
768,000
632,000
49,000
34,000
159,000
130,000
May
17.
39,000
700
600
37,000
2,000
48,000
735,000
608,000
28,000
20,000
177,000
150,000
May
24.
40,000
1,100
1,400
37,000
2,000
75,000
749,000
619,000
91,000
78,000
121,000
99,000
The tone of the Liverpool market for spots and futures
each day of the week ending May 21 and the daily closing
have been as follows,
prices of spot cotton,
An improvement
In the condition of cotton Is reported from the
CaroUnas, Georgia, Florida, Alabama, and portions of Texas. The
stands are as yet generally poor, but much of the replanted is not up.
— As
snown on a previous page, the
exports of cotton from the United States the past week have
reached 82,967 bales. The shipments in detail, as made up
Shipping jnbwb.
from mail and telegraphic returns, are as follows:
Nbw York—To
Total balet.
Livemool, per steamers Bovlc, 1,304
Cuflc, 2,153. ...Philadelphlan, 1,662
To Hull, per steamer Hindoo, 98
To Manchester, per steamer Strabo, 717
To Marseilles, per steamer Hesperia, 100
To Bremen, per steamers Lahn, 80
Neckar, 1,7£9
To Hamburg, per steamer Pennsylvania, 1,250
To Antwerp, per steamer British Prince, 1,400
To Barcelona, per steamer Washington, 30
To Genoa, per steamers Georgia, 254
Hesperia, 835
HohenzoUern, 902.... Washington, 1,057
To Naples, per steamers Georgia, 300
Wbw
30
Fair
i
8Iid.npl'dB.
Sales
9pec.<Seexp.
— Steamer Aqulleia. 575
To Trieste and Venue— May 23 - Steamer Aqulleja, 2,767..
To Oporto— May 23— Bark Fortuna, 200
Galveston-To Manchester— May 21—Steamer Saturnina,
6,220
To Havre-May 21— Steamer Mohawk, 9,863
To Bremen— May 18— Steamers Helgoland, 10,477; Springwell, 3,172
To Hamburg— May 18-Steamer Sprlngwell, 1,882
To Rotterdam— May 21— Steamer Mohawk, 812
To Vera Cruz— May 17 Steamer Normandle, 485
Pensacola— To Havre— May 21—Steamer Cluden, 1,500,
BRDNSWICK—To Llverpool-May 24— Steamer Sandfleld, 3,717
Norfolk— To Liverpool— May 24— Steamer Rapidan, 897
Newport News-To Liverpool— May 23—Steamer Rapidan,
:.....:
Harden'g. business Harden'g.
doing.
Easier.
Quiet.
438
45i8
4Bie
4,000
8,000
8,000
8.000
8,000
6,000
300
600
500
500
600
500
Futuret.
Market,
)
1:46 P. M.5
Market,
4 p. M.
I
Qnlet at
Quiet at
partially 1.64 02-64
1-64 dec.
decline.
Steady.
5
Quiet but
steady.
Quiet at
1-64 ad.
vance.
Quiet at
Steady.
Qnlet.
1-64 decline.
Br'lyst'dy Steady at
8.64
3.64 1-64® 2 64
decline. advance.
@
Quiet but
steady.
Steady.
The prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Low Middling
4.50
clause, unless otherwise stated.
The prices are given in pence
,ms
300
Barcelona-May 20-8teamer Puerto Rico, 3.651
Malaga-May 20-8t6amer Puerto Rico, 1,000
Genoa-May 18-8teamer Mongibello, 7,607
May 23
Easier.
below.
2,856
4,100
Havre May 21-Steamer Euskaro, 4,100
Hamburg— May 20— hteamer Ruperra, 300
1.133
1,839
1,250
1,400
1,834
steamer Picqua, 450
Orleans— To Liverpool— May 22— Steamer Floridlan,
2,856
To
To
To
To
To
38
717
100
3,048
Trieste, per
Market,
1:45 p. M.
5,109
HohenzoUern,
1,634
To
aaVday. Monday. tuetday. Wed'day. Thurtd'y Friday.
Spot.
Sat.
3,551
1,000
May
18.
ITEon.
May
20,
and
6^tht.
Tnes.
May
21.
"Wed.
Thus
3 63
:
Tlinrs.
May 22. May
23.
200
d.
13,649
1,882
812
485
1,500
3,717
897
1,133
Frl.
May
24,
12^ 1 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
8,182
2,767
5,220
9,863
meant
May
May- June...
June-July...
July- Aug....
Aug.-Sept...
8ept.,L.M.O.
Oct., G. O. O.
Oot.-Nov....
Nov.-Deo...
Dec. -Jan....
d.
d.
411 4 134 13
4 11 413 4 13
4 11
4 12
4 08
4 08
3 60
3 68
4
4
4
4
3S6
3
3
3
d.
d.
d.
4 12 4 12
4 12 4 12
4 12 4 12
4 13 4 18
4 09 4 09
4 09 4 09
d.
16 4
416 4
13 4 13
4 16 4
14 4 13
4 16 4
1« 4 09
4 12 4
4 12 4
10 4 09
62 3 61 3 60 8 58 3 62 3
60 3 69 3 68 3 57 3 60 3
59 3 58 3 57 3 66 3 59 3
4
d.
4
4
4
4
d.
d.
4 13 4 14
416
13 4 14 4 16
13 4 16 4 16
14 4 15 4 16
09 4 10 4 11
4 09 4 10 411
3 58 3 58 3 69
3 57 3 56 3 67
3 55 3 55 3 55
3 55 3
3 65 3
.Tan.-Feb
Feb.-Mch...
d.
d.
17 4 15 4 13
17 4 15 4 13
17 416 4 14
18 4 16 4 14
13 411 4 09
13 4 11 4 09
60 3 60 3 58
68 3 58 3 56
67 3 57 3 55
....
....
....
....
....
....
....
....
55
56
May
THE CHRONICLE.
IfiOl.]
BREADSTUFHS.
1045
Government Weekly Grain Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week ending
Friday, May 24, 1901.
Spring-wheat flours have continued to meet with a fairly
good sale. The bulk of the business transacted was during
the first half of the week, and the prices paid ranged from May 20, as follows:
$4@4 10. Some talk is now being heard in the trade of new
Weathee.— Although frosts occurred in the Lake region, apper
winter-wheat flours, although mills have not as yet started in
valley, and norlhern portion of the Middle Atlantic States, only
making offers for forward ehipment. During the second Ohio
Rlight damage resaltbd, and as a whole the temperature conditions
wheat
had
tendency
to
a
easier
turn
to
the
week
half of the
throughout the country were very favorable. Drought has been largeStates, but continues in wfesiern and southcheck business in flour. City mills have been quiet. Rye ly relieved In the Southern
southern Louisiana, and portions of Alabama and FlorTexas,
ern
have
values
held
small
sale,
but
steady.
only
a
flour has had
ida, and the continued absence of rain in the central valleys and Lake
Corn meal has been quiet and easier with corn.
region is proving detrimental, rain being now much needed generally
Speculation in wheat for future delivery has been moder- throughout these fllstricta. The Pacific Coast States have experienced
week, although it was rather cool, with coo much
ately active. The tendency of prices during the first half of a very favorableWaehiugton.
rain In Western
Statistically
basis.
higher
developtowards
a
the week was
CoBN.— In the States of the lower Missouri and upper Mississippi
ments in relation to domestic markets were bullish, the United and Ohio valleys, corn planting has progressed rapidly and is nearing
decrease.and
is
now
large
about
States visible supply showing a
completion In these districts, and planting is well advanced in the
10 per cent smaller than a year ago. The improving statistical Lake region, Minnesota and the Dakotas. Considerable corn remains
be planted in the Middle Atlantic States, where this work has been
position in this country appeared to be attracting increased at- to
much retarded. In Illinois and Iowa the early-planted is coming up
tention among some of the large operators, and they were to good stands. In the Southern States the crop has been materially
fairly free buyers. Crop news also was reported less favorable. Improved by recent rains.
WiNTEB Wheat.— Winter wheat is needing rain in the 1 owerMlsAdvices from the winter-wheat belt were less optimistic, and
but has experienced further improvement in the upper
dry weather was complained of in the Northwest or spring- Bourl Valley,and
Michigan. Wheat Is now headin:; as far north as the
Valley
wheat belt. Subsequently, however, there developed an Ohio
Middle Atlantic States and the southern portion of the central valeasier tone. Rains were reported in the dry area in the leys, and harvest has begun in Texas, where the crop is generally
Northwest, and there was fairly free selling by a prom- poor.' On the Pacittc Coast the reports continue promising, the crop
experienced a decided improvement In California since recent
inent trader. Business in the spot market has been mod- having
rains.
erately active, exporters being fair buyers at the seaboard
Si'BiNG Wheat.— Spring wheat is coming up well and the early-sown
and at interior points. To day there was an easier market has made good growth. Rain is, however, needed to germinate some
under favorable crop news and moderate selling. The spot of the late-sown.
OaT8.— Oats have been Injured by dry weather in the central valmarket was fairly active. The sales for export here and at
leys, and in the Southern States the condition of the crop is not promoutports were 248,000 bushels
although materially improved in Georgia. Seeding is about
YORK. ising,
OAILT OLOSIHO PRI0B8 OF NO. 2 BED WIHTBB IM
completed in the more northerly districts.
Wed. Thun.
8at.
Mon.
Tuet,
Fri.
83^4
82»«
8214
8208
82
82
Cash wheat f. o. b
Exports of Breadstuffs, Provisions, Cotton and
8014
SO^g
SO^a
In
81
80%
elev
May deUverv
801s
The exports of these articles during the month
Petroleum.—
78>«
7914
7914
in
7858
79
deUvery
elev
78%
July
7538
76ifl
7638
76
75% of April, and the ten months, for the past three years
Bept. deUveryln elev.... 7534
DAILT 0LO8INO PBIOBS OF NO. 2 SPBtNO IN CHICAGO.
have been as follows:
Sat.
Tuet.
Wed. Thurt.
Mon.
Fri,
7338
7338
^4,^
73'8
73%
May delivery m elev
74H
NE^
72»8
7338
72 Sg
13^
73%
73
July delivery In elev
725a
Indian corn futures have been quiet. The feature has been
the apparent settlement of the deal in May contracts in the
Western market; prices for this delivery have weakened until
they are at a discount from the more distant months. The
crop movement has been heavy, and the operator who was
the principal holder of May contracts during the squeeze has
been conspicuous as a seller of July contracts. Advices received from the corn belt say that planting is being rapidly pushed, but that conditions were not favorable for
fairly large business has been transacted
good stands.
in the spot market, as exporters have been better buyers here
and at outports at a decline in prices. To-day there was an
The spot market was slightly lower, with
easier market.
exporters limited buyers at the decline; sales reported here
and at outports were 180,000 bushels.
OAILT 0LO8INO FBIOBB OF NO. Z SOXBD OOBH IB NBtl^ ¥ORK.
Fri.
Sat.
Wed. Thurt.
Mon. Tuet.
SOSg
4938
50
Gash com t. o. b
51%
50%
SCs
491^
4914
49
50
50
50
May delivery In elev
48i«
4954
48'8
49
July delivery In elev
48%
48%
48'78
48 14
4858
48
48%
Sept. deUvery In elev
481a
DAILT 0LO8IHO PBI0B8 OF NO. 2 MIXBD OOBN IM CHICAGO.
Fri
Tuea.
Sat.
Mon,
Wed. Thurt.
4314
46%
May delivery In elev
48
48
42%
49%
44'78
44''8
July delivery In elev
44%
43%
45%
44%
43'^8
44^8
4458
Sept. delivery in elev
43 '^a
44%
44%
Oats for future delivery at the Western market have been
moderately active. The feature has been the liquidation of
the outstanding speculative interest in May contracts. There
has been some liquidation by longs in their more distant
months, the easier turn to the corn market prompting them
to sell. The crop has continued to be reported as backward.
Locally the spot market has been quiet but steady. To-day
there was a quiet and easier market.
DAILT OLOSmO PBIOBS OF OATS IN NEUT YORK.
Wed. Thurt.
Fri.
Sat.
Mon. Tuet.
No. 2 mixed In elev
3314
33
33%
33%
33
33%
No. 2 white in elev
34
84
34
34
33%
33%
DAILT 0LO8INO FBICES OF NO. 2 MIXED OATS IN CHICAGO.
Fri.
Sat.
Mon. Tues.
Wed. Thurt.
May delivery In elev
29
2938
30%
29%
30%
30%
28"'8
28''8
281*
July delivery in elev
28 ^a
28%
20
26''8
26'^8
Sept. delivery In elev
26
26^8
....
26%
Rye and barley have continued quiet and without changes
of importance.
Following are the closing quotations:
FLODB.
Fine
Patent, winter.... $3 70 «4 00
f2 15 02 20
Superfine
2 25 ©2 30
City mlUs, patent. 4 10 i94 65
Extra, No. 2
2 45 ©2 65
Ryeflour.euperflne 2 90 «3 50
Extra, No. 1
2 65 «2 75
«
Buckwheat flour
Clears
2 80 t»3 40
Corn mealStraights
S 40 ®3 90
Western, etc
2 60 92 65
Patent, Bprlng
3 85 ai4 55
Brandywtne
2 70 9
(Wheat flour In saobs sells at prices below those for barrelfi.)
A
—
tiRkJS.
Wheat, per basn.—
HardDuluth.No.l
N'thern Dnl., No.l
Red winter, No. 2
Hard N. Y. No. 2.
Oats— Mix'd.p.bush.
0.
90
e.
«91%
84M»86
80i4»82
80%»82
82%»34%
®37
»34
White
No. 2 mixed
33
33
No. 2 white
83%034%
bush.—
Western mixed.
No. 2 mixed
Western yeUow
Western white
Corn,
Rye, per bush—
We'estern
State and Jersey
Barley— Western
Feedlns:
ft-
47
04914
47%»49i4
48
49
349%
d50%
54%a60%
»60%
60 «63
42%s48
58
W Months.
April.
1898-1899.
W Months
April.
QuantiHet.
Wheat.bnsb. 13,824,898 108.777,677
7,403,649
83.652,305
15,318,547
1,416,653
14,858,548
Flour... bbls.
1,948,317
Apr a.
lOMonlhg.
4,620.328; 121,767, 127 ,
1,467,«29! 15,498.740
Wheat.... bu
lorn... bush.
a3.B93,454 171,711, 13«
10,063,338 155,157,31s
13,781,59i 150,615,'4&] 11,225,556 91,511,457
15,506,340 175,005,371; 13,000,06f 140,600,533
Tot.bush.
82,635,7ii2 329.868,45e
39.287,932 325,621.119 24,226,621,232,111,990
Values.
Wh't&
«
17,487,391 131.722,065
flour.
Oornft meal.
t
t
10,262,285 113,9e6,!:4l
7,033.736 7;,828,3<6
I
t
I
8,940, 119 168,997.874
6,123,146
78,2? 1.504
'.....
131,481
863,087
37,01^
1,036,274
118, 777
Oati& meal.
l,e32,365
11,099.622
599,476
11.669,999
547, ,014
57,014.916
6,128.929
7.893,518
33,339
2,6.3,118
663,731
10,248,562
69, 278
1,201,280
»ye
aarlOT
5,189, 281
Br'dltnffg....
24,406,712 219,6d9,89c
18,59(1,248 203,749,035
Provlsloni*,
17.438,963 177,893,064
15,619,7Sr5 161,942,464| 15,186, 421 157,930,600
Ootton
22,069,23S 2fe6,346,433
24,684,078 223,085.9571
Patrol'm.&o.
6,154,787
Tot value.
57.991,111
70.069.700 741,81)0.004
6,035,186
15,108, 4154,224,236,548
8,421, 7S8|191,6P5,608
4,267, ,075
61,886,916|
44,624,350
64.935.247 B55.«e4.39ll 42.9«3.H9fi'rtm.O'-7.304
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 May 18,
*nd since Aug. 1, for each of the last three years have been:
At—
«t«iVt«
nOMr.
Whtat.
Corn.
Oats.
BtrltV.
fi>».
Bblt.lWlbt Buih.60ib» Bwh.bdlbi BMth.iiibi Bush.ail. Bu.6ei&>
JbiiaKO
«liwaake«..
Juluth
139.449
69,125
391,050
1,689.484
1,675.107
101,650
147,760
49,600
148,800
€6,500
10,920
8.810
6,600
900
44,£50
86.750
14.777
80,C00
4,S85
101,599
75.308
•ilnaaapolli.
8C8,100
25,810
("oledo
87,027
2?.43b
169,056
123,660
38,119
utrolt
6,600
67,248
22,C00
61,000
38,613
31,120
lfc9.266
140.968
377,iOj
286 255
7.600
9,612
11,660
11,800
161.030
84.S0C
5.600
636,800
203,260
899,200
118.000
2S0.87C
878,788
238 043
120,999
111,813
138.652
•l^Teland...
n. Lonli
....
'•oria
raniai City.
_
112,170
Cot.wk.1901
368,1 E6
2,811.668
2.852,696
8.961,231
'sma wk.'OO.
iam* wk.'99.
««« Auf. 1.
333,518
2,857,795
1,955 327
2,080.0(:3
268,337
2,207,636
1.797.622
3,129,211
1900-1001
1899-1900
1888-1899.
The
.
receipts of flour
May
.'Ji6.7t.8
172,000
li!7.S95
118.3il
416.S7(i
26>,7S.-3
83 l,t*71
80.U0
100.370
328.033
284.7*8
X3,viO
43.874
120,013
"•wportNewi
83.i<22
Id.OCO
18,924
;
4iilTaiton
t'onland,
M«
ToUI week
•V«ek IBOO
*
bui>t.
3^8.916
Morfolk
,,
BarUt
Oats,
l,U8,feO0
502,f5S
886.C00
Pblladelphla
aaltlmore
:
Corn,
Miah,
74«..5-'6
3rt.l,471
75.864
22,193
4.I06
68,«21
65,739
8,670
6.600
4«w Orleani*
follow
\Vntat,
bUt.
,
8.873.383
89,311,529 6,571.405
.S3 f)9n.«5l
9.779.t69
and grain at the seaboard ports for
18, 1901,
tiow.
nsctiiUft—
iew York
ioiton
Montreal
87,898,836
16.321,619 196.171.700 171.801,710 189,85 1.C91
17,422.241 184,876.699 184,601.634 136,415.621
19.185.100 23S.8T0.6-8 174.946.149 141.784.811
he week ended
Itobmond
i>er
1899-1900.
1900-1901.
Mxvortt
from O. 8.
8i»5,«00
95.01
1
8.671
31,900
f3.850
33,022
B2,C94
1.415
'
"isVlTO
eo.too
16,6e4
260,750
110.395
337,203
381,620
8.839.0F8
3.807.E60
27,177
45.421
2 275 674
8,640.410
1.668.054
3.i91.a0X
Beoeiptt do not inolnd* frraln psMing tbroiuli
*orti on ihrongh blUt of lading.
N«w
81.932
818,613
161.438
l&0.6)tl
Oriaani (ot toralvB
,
THE CHRONICLE.
\016
Total receipts at ports from Jan.
follows for four years
bbit
rioni
bnih
1fli«at..
1001.
IBOO
8,168,571
Total
18
compare
as
1800.
7,977.112
1808.
7.788.509
87,6f6,8B4
05,72a,7O3
71.7114,311
b2.818.^28
28.744.007
5.8S7,015
2rt,,'i9t.:Hl
tl7.4l-^
3,034 013
88,018,259
9l.i'99455
iO.O^S 754
2.«86 6>.6
7.104,231
183.389.008
131,831.761
180,740.277
Ol»093
90,266
142,E67 137
iiralD.
May
65.082,11)4
ii.497.:26
1,11P.3;:1
ST«
to
8.01!8,8ia
41
Oorn....
Oatt....
Barley..
I
2fil
1,82.1.840
several seaboard porta for the week
shown in the annexed statement
are
18, 1901,
The exports from the
May
ending
Corn,
Wl>$at,
MtB9ort$ from— built.
377.334
York....
444,76*
Portland, Ma. 110,895
Philadelphia.. 280,067
527 124
Baltimore
SewOrlean*.. 408,C00
Oaf
bbU
hunh
81.840
S1,7H3
15,561
23.824
25'.478
60,125
btuh.
Pew
520,'O.S
Norfolk
248,3^2
27.177
586,691
9ol.«o3
209.247
"0,000
NewTJ'rtNewi 18 000
£08.349
Montreal
2l6,16l
Boiton
Piai
bush
Rv*,
buth.
4,420
45.4•^l
4Hl),«20
480.040
116,989
,S7.843
8 428
....
83.022
16.240
120,ri3
239,481
81.191
67,069
£3,315
842.142 1.820.17O
644.189
330,185
81.191
87.722
61.4S9
54,261
83.845
91,067
0'5.571
Total week 2758,033 2,^99,203
Same time '00., 2.001,519 8.51i-,808
.
of these exports for the
The destination
as below
1900, is
1,
—
Continent.
46,7.-4
1.545.349
B.AC. America
West Indies
i7.»4l
1B,208
758,074
8t5.2S4
63,'; 2 7
243,018
Br.N.Am.Colo'i
Other ooantrlei
li.357
842.142 11,773.358
Total
Total 1899-1600.. 330.185 11,083.049
.
g4ne« Sevt
PP<«)r
Mavis.
I,
Mt$h
1900,
bufh.
May
18
1900.
'lueti
4.f80
48,247,474 1,51-5,674 e5,25l818
32,302.761 l,a5A'<49 8<!,6^4 tf-IS
722 121
21.873
25.765
785.lPtf
25,614
9U
187.817
1.700
1.691
704.736
804,516
2,756,033
2,004,6^9
75,970,606 3,899,203 180.228.307
63.456,030 3.648.908141.311,910
973.985
1.776.0e8
2,000
Corn,
In«tor««t—
Philadelphia
Baltimore.
New Orleani
3S2 00U
604.000
Galveston
Montreal
Toronto
166.0fiO
20,00C
20,000
212.000
281.000
18.00C
'lo.bod
86S.0( C
7,000
1,910,000
8e5,o6o
1. 169.0 :io
iia.oVd
60.000
285,000
280,OOj
6i8,0<>0
200.000
"'i,boo
"i',6co
176,000
li39.o6f
'i.ooo
"'8,0 OP
8.728,ooc.
5.507,60Ci
2,875.000
i'os.ooc
B'J7,"C0
271,000
moo
51.uuk
....
Detroit
Do afloat
Do afloat
Milwaukee
afloat
Do
550. oo.
rt-WUl'mAPt. Arthur
Duluth
2,250,uoO
8,438.000
'
165.000
i 7.000
'iV.odo
4.387,000
1.183.000
S18000
74.00C
13,024,00'.
124.000
9,000
19,°(>0'c
6»2,a0i
Siil.OOO
1.529,000
10,000
afloat
Mlnneapolli
Bt Louli
2.000
afloat
KwwaiClty
Peoria
IndlanapoUi
OnMlisisflpplBlTer.
OnLakei
OnoanalandrlTer.
Total
Total
Total
Total
Total
17,030
24 4, IOC
556,000
afloat
OWoago
Do
6i»»>.
539.nni;
539.nnr.
3i'l.'Jl.v
afloat
...
Do
Barley
107,000
S71.00C
4 30.000
113,000
485.00C'
Bnflalo
Do
DO
Ht*.
Oati,
huih.
52,000
1740CC
Toledo
buth,
388,000
buah.
430,0oc
Boiton
May 18.
May 11,
May 10.
May 20,
May 21,
..
1001».
ibOi*.
lOOOt.
1896t.
1898+.
135 000
497,000
li.ooo
69.000
iso.ooo
3,103,000
221,000
42.498,000
45,761,000
46,363 000
'/5.468,000
23,086.000
—
New Yobk
to
May
1900.
1901.
20
Week. Since Jan.
Great Britain
Otlier Enropeaa.......
Ohina
India
Arabia
168
69
70
65
,
Since Jan. 1
neek.
S4
10
1,948
819
620
633
110,487
7,856
17,779
2,107
10,184
260
374
!^0
803
53
958
76
4,C65
25,H44
2,502
3,229
150
1,453
5.121
19,541
3,516
5,566
83,976
6,195
179.446
S,454
,
Oential America. .... ..
South America...
Other Oountriee. ...^ ..
Total
1.
17,083
1,144
16,803
3,736
9,229
,
Mexico
week and since
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports. May 18, li^Ol, was as follows:
Hew York
Do afloat
Cloakings are quiet and unchanged. Dress goods sell
moderately in staple lines, with an irregular demand for
plain and fancy waist fabrics. Flannels and blankets are
dull and unchanged.
Domestic Cotton Woods, The exports of cotton gooc^s
Lrom this port for the week ending May £0 were 5 566
pacisagee, valued at 1236 025, their destination being to the
points specified in the tables below:
30
1,832
33
658
80
119
:
nour.
Wctk Sinct Sett
MavortifoT
18
I 1900.
w««h andt4ne« JUajj
bbi'ii
bolt
Sept. 1 to—
Onlted EinRdom 244 998 8.3is,936
l.ifce
L2XU.
easy.
Africa
West Indies
lv(.e2i
bS.tOO
QalTeiton
Sept.
flour.
[Vol.
18000
18.000
15.000
1,623,000
17,000
15,913.000
17,83i.000
IS.227,000
17.018.000
1».504.000
2.dcc
380,000
16,000
428 000
510,000
10.721,000
11,449.000
H.386,000
8,023.000
8,114,000
82,000
1,000
loV.ooo
61,000
60.000
862,000
1,118.000
918.000
719,000
829,000
631.000
1.5s 7,000
1.478.000
630,000
96:<,000
The value of the New York exports for the year to date
h88 been $3,793,065 f.n 1901, against $7,343 676 in 1900.
A fair business in heavy brown cottons has been done this
week for export to China, with some sellers making concessions in pricsp. The home trade continues dull and the market irregular on home grades. There has been no change in
ducks or brown osnaburgs.
new combination has been
formed of leading duck mills. In bleached cottons a slow
demand has come from jobbers, but the manufacturing
trades have bought a little more freely. Quotations are unchanged, but the market is easy. A firmer market rules for
A
in an occasional quarter.
Ticks, plaids, cheviots and
other coarse- colored cottons are quiet and easy. There has
been only a light business and no change in prices in wide
sheetings or cotton flannels and blankets. Kid-finished cambrics are dull.
large drive in low-grade dimities by the
H. B. Claflin Co. at djic to SJ^c. per yard has been the most
prominent feature in prints. At first hands the print market
is slow and irregular.
Fine ginghams are scarce and firm.
Other grades are quiet. Print cloths at Fall River are unchanged on the basis of 2 9-16c. for regulars and quite inactive. Wide goods quiet but steady.
Foreign Dry Goods.— Fine grades of light-weight dress
fabrics are in fair demand and generally steady. In piece
silks also a fair business is doing without change in prices.
Ribbons and laces are quiet. Linens continue very firm but
are not selling freely. Burlaps quiet but firm under foreign
advices.
Importations and. W^areltoafie IVltbdranrals of DrjGooAa
The importations and warehouse withdrawals of dry goods
at this port for the week ending May 23, 1901, and sine©
January 1, 1901, and for the corresponding periods of last
denims
A
year are as follows:
H
Includes stocks in private elevators at Milwaukee.
tStock 8 In private elevators at Milwaukee not inoluded.
NoTK.— BeKlnnlnu July 1, 1899, the New York Produce Kxchan(fe has changed
Its Visible Supply Statement by Including stocks at New Orleans, Galveston,
Ft. William and Pt. Arthur (previously omitted) and leaving out Albanj
Oswego and Clnoinnatl, formerly Inoluded.
o
&§
...
s
s
o<
*
•
!
:
?
W
York. Friday, P. M., May 24, 1901.
Although some gain in the aggregate volume of business
done at first hands this week can be reported, it has been
quite moderate and shows no change in the character of general buying. In all lines for seasonable re quirements the orders
coming forward are for small quantities, and in purchasing for next season buyers are proceeding in a leisurely way.
In the general run of cotton goods there has been no gain in
strength, while in occasional directions there has been an
easier tendency. Some fine lines are scarce, but as a rule
the supply is ample in comparison with the current demand.
The Fall River situation continues very unsatisfactory. The
stock of print cloths there is abnormally large, and there is
practically no demand. The manufacturers there are considering the question of a further curtailment in production
and a cut of 10 per cent in wages, but latest advices do not
indicate prospects of a near general agreement.
Woolen Goods. —There
has been more business reported
in men's-wear woolens and worsteds than in several preceding weeks. The supplementary demand for fall is gradually
developing and the outlook is regarded as more promising.
The orders comiDg forward are chit fly for staple lines. A
number of these are well situated and some are decidedly
scarce. There has been no effort made to secure higher
prices in any direction, but the general tone in staples is quite
steady. Fancies do not appear to grow in favor, this week's
business being light. There are considerable stocks of both
fancy woolens and worsteds in the market, and with pressure
to sell in some quarters, prices are irregular. Low-grade
goods, such as satinets and doeskin jeans, are dull and easy.
Business in overcoatings does not improve and the market is
SI
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— ——
May
—
—
:
THE CHRONICLE.
25, 1901.)
IT/WE
mn
— —
City
News
l^zfj\mymm.
Items.
Abilene, Kans. Bi,nd8 Valid.— Ijocsl\ papers state that the
United States Circuit Conrt has decided against this city in a
Buit brought by the Cornell University to recover on !i.j,00f)
bonds and interest thereon amounting to about one-half the
These bonds were put out in July, 1888. The
orii<inal issue.
City Council, it is said, will carry the case to a higher courf.
Batli, Me.- Sale of Penobscot Shore Line RR. Bonds.— On
May 22 this city sold at H 867 to Farson, Leach & Co., New
York, $215,000 4% first mortgage bonds of the Penobscot
Shore Line RR. These bonds were held by the city of Bath
as an asset.
Erie, Pa.— BoKds Leg ai,— The County Court has decided
that the $70,100 re-paving bonds mentioned in the Chronicle
January 5 are legal. The case, we are advised, has been appealed to the Supreme Court.
I0i7
agency in New York City, bonds Nog. 1 to 53, inclusive,
isHued July 1, 18bl, in aid of the St. Louis Fort Scott &
Wichita Railway. Bonds are for $500 each.
Liberty Township, Kingman County, Kan.— BotkJ Call.—
Benjamin Morrise, Township Treasurer, c^ilJs for payment
June 26 at the fi-;cal ageccy of the State in New York City
bonds Nos. 1 and 2, each $1,000, issued July 1, 1887, in aid of
the Chicago Kansas & Western Railroad.
Oakland Township, tlay County, Kan.— Bond Call.—C. B.
Swigart, Township Treasurer, has given notice that on July 1
bonds Nos. 1 to 18, inclusive, issued Jan, 1, 18^8, in aid of
the Chicago Kaneas & Western Railroad, will te paid ou
preeentation at the State fiscal agency in New York City.
Secnrities are in denomination of .SI, COO.
Spokane, Wash.— Bond Call.— J. J. White, City Treasurer, has called for payment the following bomis
:
Payable
No. J.
Payable
May 23. 1901— Bonds Nos. 3 to 11. inclusive, of Street Grade District
May 26. 1901— Bonds Nos. 8 to 18. inclusive, of Dean Avenue Im-
provement District No. I.
Payable June 1.1901— Bonds Nos.
ment
District No.
8 to II, inclusive, of
Grant Street Improre-
1.
MiddlesboroHgh, Ej.— Bonds Valid.— The following is
taken from the CiLcinnati '• Commercial-Tribune :"
LociSviLLK, Ky., May 11.— Judee Evans of the United States Court to-day
Tensas Basin (La.) Levee District.— Bo«d CaW.—H. R.
Speed, Secretary, has called for payment July 1, at his office
in Monroe, bonds Nos. 97 to 139, inclusive, atd Nos. 141 to
decided the loiKpeiioiug suit of S. l<\ Gale aeamst the crty of Middlesboro
in favor of tiie paiiitifl. The suit was to recover on tlSO.tOu of bonds isbued
by the city durinp boom nays anil i-urcbased by the plaiiitift. Judtje Evans
holds thai the defense of the tiiy is hit'hly technical and unsatisfactory. The
Court takes the view that the evidence not only shows the tact to be that the
ordiuanco authorizinn tbe bond issue was ia>sed,but that lis contents were
such us claimed by the plaintiff.
150, iDclutive, of Series of 1888.
Wisconsin. Legislature Adjourns.
ture adJLurned on May 15, 1901.
—The
State
Weir City (Kan.) School District.— Bond Call— A. L.
Hayden, Treasurer of the Board of Education, has called for
payment July 1, 1901, at the State fiscal agency in New York
City, bonds Nos. 6 and 7, itsued July 1, 1895.
Legisla-
Bond Proposals and Negotiations
this
nreek have been as follows
Bond Calls and Redemptions.
Bexar County, Texas. Bonds Called. — The CommissionAkron, Ohio.— Bond O^erinfir.—This
ers' Court on May 16 called in and canceled four $1,OlO lic auction at 10 A. M., June 8, at
:
city vnll Bell at pubthe office of Chas. H.
Isbell, City Clerk, |2,400 5% Halstead Street improvement
bonds. Four bonds are in denomination of $IC0 and four of
$500 each, all dated June 8, 1901. Interest will be payable
semi-annually at the National Park Bank, New York City.
Principal will mature $400 in one year and §500 yearly there-
bonds and also bought three $1,000 bonds for the fcinking
fund; these securities are all 6% court-house site bonds itsued
May 11, 1891. This makes, we are advieed, 534,000 of this
same issue canceled and §34,000 bought for sinking funds
during the present year.
Cape Girardeau (Mo.) School District.— Bond Call.—Qeo. after.
E. Chappell, Secretary, has called for payment June 15 at the
Albany, Ga. Bond Election. A special election will be
Third National Bank of St. Louis bonds Noe. 6 and 7 for held in June at which the question of issuing |25,U0O 4% gold
$500 each, issued July 1, 1890. These bonds carried interest water and light bonds will be voted upon.
at the rate of 5;^.
Aledo, 111.— Bond O/rmngr.— Proposals will be received
Center To^vnsliip, Reno County, Kan.— Bond Call.— J. until 8 p. M., May 29, by tbe City Council, for .$6,C00 5%
D. Earhart. TownsJDip Treasurer, has called for payment bonds. Securities are in denomination of .$500, dated April
July 1 in New Yoik City all bonds issued July 1, 1886, in aid 1, 1901.
of the Chicago Kansas & Western Railroad.
Alliance, Ohio. Bond Sale,— Oa May 18 five issues of ii
Chapman Township, Clay County, Kan. Bond Call.— 1-5- year (seiial) street bonds aggregating $13,000 and $12,0C0
James W. Frazier, Towns-hip Treasurer, calls for payment 4% 1-3-year (serial) sewer bonds weie awarded to the City
July 1 in New York City $18,000 bonds, issued Jan. 1, 1888, Savings Bank of Alliance at 101 '50.
in aid of the Chicago Kansas & Western Railroad.
Alliance (Uhio) School District.- Bond sale.— On May 11
Chicoshio Township, Kingman County, Kan— Bond Call. this district sold an issue of $8,000 5% 2 5 year (serial) bonds
—J. A. Friend, Township Treasurer, has called for payment to the City Savings Bank of Alliance at 104*725— an interest
June 28 at the State fiscal agency in New York City, bonds basis of about 3'553^. Securities are in denomination of
Nop. 1, 3, 4, 5 and 6, each for $500, issued June 1, 18»7, in aid $1,000, dated May 11, 1901. Interest will be payable annuof the Chicago Kansas & Western Railroad. Interest, at the ally.
rate of 6^, will ceat^e on the above-named date.
A8heTille(N. C.) School District.— Bond O^ering— ProDenver, Colo. Bond CaZZ.— Interest will ceaee June 1, posals will be received until 6 p. m., June 15, tor $10,COO 4%
1901, on the following bonds
30- year school-building bonds.
Securities were voted at the
Broadway Storm Sewer Dist. No 1— Bonds Nos. 36 to 40, inclusive.
election held May 7. They will be issued in denominations
DowniiiK Ave. Sanitary Sewer List. No. 4— Bonds Nos. 24 and 26.
of $500 or $1,000, to suit purchaser, and will be dated July 1,
South Side Sanitary Sewer Dist. No. 2— Bonds Nos. 29 to 42, Inclusive.
North Denver Sanitaiy Sewer Dist. No. 3— Bonds Nos. 7 to 10, inclusive.
1901. Interest will be payable semi annually.
Thirteenth St. Sanitary Sewer— Refunding Warrants Nos. 105 to 170, incluAshfleld, Mass.— Z/ca?i Authorized. This town has voted
sive.
Broadway Paving Dist. No. 2— Bonds Nos. 20 to 40, inclusive.
to borrow $1,500 tor the repair of roads and bridges.
Champa St. Favinp Dist. No. 1— Bonds Nos. 16 to 26, inclusive.
Ashland County, Wis. -BoTid SaZe.— On May 15 the $25,Coll ax Ave. Paving Dist. No. 1— Bonds Nos. 46 to 60, inclusive.
•
Court Place Paving Diet.— Bond No. 7H.
000 113^^ year refunding bonds were awarded to Farson,
Eighth Ave. Paving Dist. No. 1— Bonds Nos. 5 and 6.
Leach & Co., Chicago, at 105*08 for 5 per cents an interest
Pilteonth St. Paving Dist. No. 1— Bonds Nos. 38 to 47, inclusive.
Lower 16th St. Paving uist. No. 1— Bond No. 6.
basis of about 4 40j?.
Logan Ave. Improvement Dist. No. 1— Bond No. 13.
Capitol Hill Uradlng and Curbing Dist. No. 1— Bonds Nos. 1 to 10. Inclusive.
Ballard (Wash.) School District No. 50.— Bonds Voted.—
At an election held May 11 the issuance ot $8.C00 bonds was
On July 1 interest will cease on the following bonds
—
—
—
:
Bonds Nos
15 to 29, Inclusive, of town of Highlands, Public Building Bonds,
dated July l.issy.
Bonds Nos. « to 17, inclusive, of town of Highlands Sewer Bonds, dated July
1.1890. Also designated by ordinance as "The Sewer Bonds of the City of
authorized.
Benton Coonty (P. 0. Sauk Rapids), Minn.—Bond Offering.— Propcsdila will be received until 2 p. M., June 12, by A.
Highlands."
E. Kaener, County Auditor, for $20, COO 4% funding bonds.
Bonds Nos. 1 to inclusive, of town of Highlands Sewer Bonds, dated July
Securities are in denomination of $1,000. Interest will be
1. 1891. Also designated by ordinance as "The Sewer Bonds of tbe City of
Highlands, Issue of 1891."
payable annually at the office of the County Treasurer.
Bonds Nos. 1 to 10, inclusive, of town of Barnum, dated July 1, 1891. These
bonds were issued by authority ot "An ordinance to provide a fund for the Principal will mature $5,000 in five years, $5,000 in ten
erection of a town hull, purchase of hose and hose carriage," etc.
years and $10,000 in twelve years from date of issue. A" cerBonds will be paid at ths office of the City Treasurer, but tified check for 5% of the amount of bonds bid for, payable
upon request from the holders of any of the bonds ten days to L. Wisniewski, County Tieasurer, must accompany probefore the expiration of these calls, arrangements will be posals.
madefor their payment at the Mercantile Trust Co., New
Berea, Ohio.— fond O^ertnflr.— Proposals will be received
York City, but not otherwise.
until 12 M,, June 10, by C. F. Lane, Mayor, for §10,000 water
Franklin Township, Jackson County, Kan.— Bond Call. bonds maturing $500 yearly on May 1 from 1914 to 1920. in—Bonds Nos. 1 to 28, inclusive, each for $1,000, issued Nov. 2, clusive, $1,000 yearly on Nov. 1 from 1914 to 1919, and $500
1887, in aid of the Kansas City Wyandotte & Northwestern on Nov. 1, 1920. Also for $2,000 electric-light bonds maRailroad, will be paid July 1 at the Kansas State fiscal agency turing $500 yearly on May 1 from 1914 to 1917. inclusive. All
in New York City.
Chas. Kaul is Township Treasurer.
the above bonds are in denomination of $500, dated ^lay 1,
Geary County, Kan.— Bond Call.— J. B. Callen, County 1901. Interest will be at a rate not exceeding 5<f, payable
Treasurer, calls for payment July 1 at the State fiscal agency Eemi-annually at the Bank of Berea Company, Berea, Ohio.
in New York City the following bonds, issued by what was Bidders must satisfy themselves as to the legality of the
formerly Davis County but now Qeary County
Nos. 26 to bonds before bidding, and must make proposals on blanks
80, inclusive, issued July 1, 1881, and Nos. 81 to 83, inclusive, furnished by O. R. Stone, Village Clerk.
A certificate of
issued Jan. 27, 1882, all for refunding purposes. These bonds deposit on the Bank of Berea Company for 5;i: of the face
are all in denomination of $1,000 and carried interest at the value of the bonds bid for must accompany proposals.
rate of 6^.
Bessemer, Ala.— Bo7ida Fo^ed.— At the election held May
lola, Allen County, Kan.— Bond Call.—W. M. Knapp, 6 the proposition to issue electric- light bends was favorably
City Clerk, calls for payment July 1, 1901, at the State fiscal voted upon. Details of thete bonds have not yet been fixed.
,5,
:
———
1048
TJblJfi
DMJiUJNlCLE.
Bererly, Mass.—Bonds Proposed.—The Aldermen have authorized the Mayar to petition the State Legislature for
authority to issue $23,000 school bonds.
BilliDgs School District No. 2, Yellowstone County,
Mont.—Bond Sale,— Oa May 21 the $35,000 10-20-year (optional) school-house bonds were awarded to the Thomas
Cruse Savings Bank, Helena, at 101 for i% bonds. For description of bonds see Chronicle May 11, p. 9i8.
are advised that the
Biloxf, Miss.— Bowds Not Sold.—
$3,000 b% refunding bonds advertised for sale on May 7 have
not yet been disposed of. Only one bid was received on the
date of sal e, and this did not meet requirements.
Boise, Idaho.—Bonds Defeated.—At the election held May
17 the proposition to issue $120,000 water bonds was defeated
by a vote of 92 for to 130 against.
Bridgeport, Conn.— Bowds Authorized.— The City Council
has passed an ordinance providing for the issuance of $135,000 d^% 4-30 year (serial) bridge bonds. Securities will be
in denomination of $1,000, dated July 1, 1901. Interest will
be payable semi-annually at the cflBce of the City Treasurer.
Bristol, Ya.—Bond Offering.— Vroposdils will be received
until June 10 by the Finance Committee, H. E. Jones, Chairman, for $15,0C0 5% 20 30 year (optional) street-improvement
bonds. Securities are dated July 1, 1901, and the interest
certified check for $500
will be payable eemi annually.
will be required with bids.
Bryan, Ohio. -Bond Sale.— On May 18the87,0C0 4^ refundSons, Cleveland,
ing bonds were awarded to W. J. Hayes
at 104 •457, Following are the bids
W. J. Hayes & Sons. Cleve... $7,312 00 Denison. Prior & Co., Cleve... $7,196 70
We
A
&
:
R. Kleybolte
Jt
Co.. Cincin
Seasongood & Mayer, Cincin..
7,253 00
7,217 60
P. S. Briggs
& Co., Cincinnati.
7,112 CO
Securities are in denomination of $1,000, dated April 1,
Interest will be payable eemi annually at the Fourth
Principal will mature
National Bank, New York City.
$1,000 yearly on March 1 from 1917 to 1933, inclusive.
Buffalo, Wyo.— Bond Sale. -On May 15 the $5,400 6% 10-20year (optional) city -hall bonds were awarded to Thomas F.
Durbin, Cheyenne, at 1C0444. The only other bid received
was one of lOOlO made by S. A. Keen of Chicago. For description of bonds see Chronicle April 27, p. 834.
Buncombe County (P. 0. Asheville), N. C.—Bond Sale.—
On May 10 the $50,000 5% 10-year funding bonds were awardFor descripCo., Chattanooga, at 101 '25.
ed to Stafford
tion of bonds see Chronicle April 20, p. 783.
Bond Election. An election will be held June 18 to vote
on the question of issuing $50,000 30-year court-house bonds.
Burlingame(Eaii.) Scliool I)i»tTiet.—Bonds Authorized.—
This district has authorized the issuacce of $6,000 4% schoolhouse bonds. The date for the sale of these bonds has not
yet been fixed.
Butte School District No. 1, Silver Bow County, Mont.
—Bond kale.— On May 21 the $100,000 10-30year (optional)
Trust
gold school bonds were awarded to the Union Bank
For description of bonds see ChronCo., Helena, at 100'28.
icle April 27, p. 834.
Cadiz, Ohio. Bond Election— On June 8 the question of
isuing $10,000 building bonds will be voted upon.
Cadott, Wis. Bond Offering. This place on April 2 voted
Proposals for these
to issue $10,000 water works bonds.
bonds, naming rate of interest, will be received at any time
by J. fl. Monroe, Village Treasurer. Principal will mature
$500 yearly and the interest will be payable annually.
Canton, Ohio. Bonds Authorized.— The City Council has
passed an ordinance providing for the issuance of a $12,000
bond for the purpose of taking up $12,000 storm water-sewer
bonds which mature May 20, 1901. Bond will bear not exceeding 5% interest, payable semi-annually at Kountze Bros.,
New York City, It will be dated May 20, 1901, and will
mature in 12 years.
Cliatham, N. B.—Bond Offering.— ProvoBSkia will be received until 6 p. M. June 1 by T. M. Gaynor, Town Clerk, for
$30,000 i% 40-year bond^. Securities are in denomination of
$500, dated June 1, 19ul. They are issued under authority of
63 Vic, Chap. 64, and amendments thereto.
1901,
&
—
H
—
&
—
—— —
[Vol. LXXIl.
Coatesville, Pa. —Bonds Not Sold—Bond Offering.— The
",950 3i 30-year refunding
bonds advertised for sale on
May 23 were not sold. The interest rate has since been
raised to d}4i. and proposals are again asked for the bonds,
this time until 6 p. m., June 3.
Securities are dated July 1,
1901, and the interest will be payable semi-annually.
Columbus, G&.— Bonds Defeated.—The proposition to issue
$125,000 33^^ 30-year sewer bonds received 535 votes at the
election held May 9, while 81 votes were cast against the bonds.
The question was lost, howe ver, by reason of failure to get
the assent of two thirds of the total registered vote of the
city.
Crafton School District, Allegheny County, Pa.— Bond
Sale.— It is stated that the $55,000 i% bonds advertised for
sale on May 15 have been sold at 108"36. For description of
bonds see Chronicle May 4, p. 893.
Decatur, 111.— Bond Sale.— The Millikin National Bank of
Decatur has purchased an issue of $15,000 library bonds.
Decatur Township, Van Bnren County, Mich.—B»nds
Authorized by Legislature. The State Legislature has authorized the issuance of a lo an of $10,000 for public improvements. The bill is known as House Bill No. 1149.
Delaware Coanty, Ohio.— Bond Sale.— On May 18 the
$3,700 5% ditch bonds were awarded to the Delaware Savings
Bank at 103-30. Following are the bids
Delaware Sav. Bank
¥3,822 00 Feder, Holzman & Co..Clncln.$3,816 00
E. G. Sybrand, Delaware
3,821 50 Denison, Prior & Co., Cleve.
3,811 11
New 1st Nat. B'k, Columbus.. 3,820 25
For description of bonds see Chronicle May 11, p. 949.
Delta County, Mich.—Bond 6ale.— On May 15 the $20,000
i% 1-5 year (serial) jail bonds were awarded to Devitt, Tremble & Co., Chicago, at 100 57.
For description of bonds see
—
:
. .
. .
Chronicle May 4, p. 893.
Denton County, Texas.-Bonds Authorized. The Commissioners' Court on May 16 authorized the issuance of $68,-
—
000 refunding court-house bonds.
Derry, N. H.—Loan Authorized. This place has voted to
borrow $4,000 for a new school house.
Dracut, Mass. Loan Authorized.— The Treasurer was authorized at a recent town meeting to borrow $5,000 for five
years, at a rate of interest not exceeding 4.%, to repair Bridge
—
Street.
DuluthjMinn.— Bonds .Awarded, —The $50,000 4% 30-year
refunding bonds, bids for which were received on May 6,
were awarded on May 13 to Pulford, How & Co., Duluth,
at their bid of 101"82— an interest basis of about 3'897«. The
Duluth firm was the third bidder at the sale, but the Council rejected the two higher bids as they were not in accordance with the city's specifications. A full list of the bidders
was given last week.
Early County, Ga. Bond Election.— Oa July 20 an election will be held at which the question of issuing $40,000 30year court-house bonds will be voted upon.
East Carroll Parish (P. 0. Lake Providence), La.—
Bonds AiUhorized.— The Police Jury on May 14 authorized
the issuance of $20,000 b% 20-year court-house bonds.
East Liverpool, Ohio.— Bond O^enng.— Proposals will be
received until 12 m., June 6, by J. N. Hanley, City Clerk, for
the following street-improvement bonds
:
Penn. Ave. and Kossuth St. Bonds.
Oae bond, $816, due July 1, 19o2.
One bond, $861, due July 1, 1903.
One bond, $918, due July 1, 1H04.
One bond, ttf72, due July 1. IPOo.
One bond, »1,029, due July 1, J9U6.
West Marh et St. Bonds.
One bond, $110, due July 1, j902.
One bond, $117, due July 1, 1903.
Cue bond, $lv!6. due July 1, 1904.
One bond, $132, due July 1, 1905.
One bond $139, due July 1, 1906.
The above bonds are issued in anticipation of the collection of special assessments. They are dated July 1, 1901,
and the interest will be payable annually at the office of the
City Treasurer.
certified check on a national bank for 2%
of the amount of bid, payable to the City Clerk, must accompany proposals. Accrued interest is to be paid by purchaser.
A
Eldridge (Iowa) School District.—Bonds Voted.—At an
election held early this
month
the issuance of $2,000 school-
house bonds was authorized by a vote of 35 to 1.
Elyria (Ohio) School District.— Bond Sale.— On May 18
an issue of $17,500 5% school bonds was awarded to W. J.
Chattanooga, Tenn.— Bond Election. The City Council on Hayes & Sons, Cleveland, on a 3*70^ basis. Securities are in
May 7 passed an ordinance providing for the issuance of denomination of $500, dated May 17, 1901. Interest will be
$100,000 " iloating- indebtedness and public-improvement payable semi-annually at the Savings Deposit Bank Co. of
bonds." Securities will be issued in denominations of $100 Elyria. Principal will mature $500 yearly for five years and
and multiples thereof, and will run for a term of not exceed- $1,000 each year thereafter.
ing twenty years. Interest willj be at a rate of not more
Eugene (Ore.) School District. Bond Sale.— This district
than 3'^%, payable semi-annually. The election to vote these has sold at popular subscription the $25,000 4^ school bonds
bonds will De held May 31.
mentioned in the Chronice March 30.
Cherryvale, Kan.— Bond Sale.— ThiB city about May 3
Florence, Neb, Bonds Proposed. A mass meeting of citsold an issue of $49,000 5% water- works bonds to John Nuveen izens held May 17 passed a resolution requesting the Mayor
& Co., Chicago, at 100"408. Securities will be put out in in- and Council to submit to a vote of the people the question of
stalments of $10,000, the entire amount to be issued before issuing $5,000 bonds in aid of a street railway line from
Jan. 1, 1902. They will mature in twenty years, $10,000 Omaha to Florence.
Frankfort, N. ¥.— Bonds Foied.— The election held May
being subject to call after ten years and $10,010 after fifteen
years.
18 to vote on the issuance of $18,000 electric-light-plant
Cincinnati, Ohio—Bond O^enng.— Proposals will be re- bonds resulted in 75 votes being cast for the proposition and
ceived until 12 M., June 18, by Geo. F. Holmes, Clerk Board of 70 votes against it.
Public Service, for $50,000 33^^ "market house bonds." SeGrarden City (Kan.) School District.— Bonds Voted.—
curities are in denomination of $500, dated June 1, 1901. This district has voted to issue $10,000 school bonds.
Gardiner, Me. Loan Authorized. The City Treasurer has
Interest will be payable semiannually at the American Exchange National Bank, New York City. Principal will ma- been authorized to borrow $10,000 to pay running expenses,
Georgetown, Del.— Bonds Defeated. At the elecaon held
ture June 1, 1921, subject to call after June 1, 1911. A
certified check for 5^ of the par value of bonds bid for, pay- May 11 the proposition to issue $25,000 water and light bonds
able to the Board of Public Service, must accompany bids. was defeated by a majority of 23. We are advised that anBidders must use the printed forms of proposals furnished other election will be held about the middle of September.
by the Clerk and the purchaser will also be required to pay
Gloucester County, N. J,— Temporary Loan.— The $12,000
loan for county purposes and the $5,000 loan for roads, menaccrued interest.
—
—
—
—
:
May
— — —
—
—
——
THE CHRONICLE.
25, 1901.]
—
loiy
Lafayette, Ini.— Temporary Loan.— This city has renewed
a temporary loan of -$10,000 for six months at 5^. Loan was
made with the Perrin National Bank of Lafayette.
Lake Linden, Mich.— Bond Saie.— It is stated that the
$75,000 4% bonds advertised for eale on May 15 have been
awarded to Seasongood & Mayer, Cincinnati, at par.
Latrobe, Pa. Brmd Election.— An election to vote on the
question of issuing bonds will be held in this place on June
The amount of bonds to be voted upon will be $45,000,
25.
of which $30,000 will be for funding purposes and $15,000 for
a municipal building.
Leav^-n worth (Kan.) School District. Bond Offering.—
Proposals will be received until 12 m., Mav 29, by Jno. M.
Gable, Clerk of the Board of Education, for $34,500 i^i 1-20about Aug. 1, 1901.
Grand Uapidn, Wi?. Bond Offering.— Pro-posala will be year iserial) school-house bonds and $9,900 4.]^^% 1-20-year
received nntilJune 25, for $60,000 ii water-works -extension (serial) school- house reconstruction bonds. The $34,500 bond
bonds. Secuities are in denomination of $500, dated July 31, issue will mature three bonds of $500 and one of $22.5 yearly.
The $9,900 bond issue will mature one bo nd of $495 yearly.
Interest will be payable semi-annually in Chicago.
1901.
Grant City (Mo.) School Dmtict.-Bonds Defeated.— At Securities are all dated July 1, 1901, and the interest will be
an election held May 14 a proposition to iesne $12,000 school- payable semiannually.
Lewiston, 3Ie.— Bond 0#ermgf.— Proposals will be rehouse bonds was voted upon and defeated.
Bond Election. An election has been called for June 7 to ceived until 7 p. M., June 4, by T. F. Callahan, City Treasurer, for $185,000 ?j}^% 30-year gold refunding bonds. Secuvote on the if suance of $20,000 school-house bonds.
Grant Township, Newton County, Ind.— Bonds Voted.— rities are dated July 1, 1901, and the interest will be payable
certified check for 1%, payable to the city
This township has voted in favor of issuing Bonds for road gemi-annnally.
Bonds are authorof Lewiston, must accompany proposals.
purposes.
tioned in the Chronicle May 11, have been negotiated with
These loans were made in anticipation of the
local banks.
collection of taxes and will mature in Novembpr, 1901.
are advised that the Board of FreeBonds Proposed.—
holders will probably authorize the issuance of from $35,000
to $^O,000 bonds the latter part of this year.
Uoldsboro, N. C.—Bond Sale.— On May 20 the $25,C00 20year school improvement bends were awarded to Roby
Robinson, Atlanta.
Gonzales County, Taxiis.—Bovd O^eriwgr.— Proposals will
be received until 2 p. m., Jnne 14, for not less than 120,^00 nor
more than $30,000 4% 5-20 year (optional^ bridge bonds. Securities are in denomination of $1,000 and will be dated
We
—
—
A
Hamilton, Ohio.— Bond ^Zecfion.— The Board of Control
of this city has authorized an election on June 8 to vote on
the question of issuing 17,000 electric- dynamo bonds and
$12,0t0 market house bonds.
Haverhill, Mass.— Bonds ProTJOsed.— This city eeeks Legislative authority to issue P0,000 bonds for the erection of a
court house.
Herington County (Ean.) School District.— Bond Offering.— 'PTOipoesi\s\yi\\ he received until June 12 for $6,000 5^
school bonds. Securities are in denomination of |1,000 and
will mature ore bond yearly from 1910 to 1915, inclusive.
The present debt of the district is |7,C0O and the aseeesed
valnatirn $217,000.
High Point, N. C.— Bond S'a^e,— Local papers state that
on May 21 this city sold an issue' of $50,000 water bonds to
Seapongood & Mayer, Cincinnati, at 107'55.
Hinsdate, N. H. Loan Authorized. At a recent town
meeting this place authorized a loan of $1,000 to place a
steam-heatiDg plant in Depot Street school-house.
Humboldt, Tenn.— Bond Election. On June 25 an election
will be held to vote on the question of issuing $23,000 re
fundirg and $22,000 improvement bonds.
Hyde Park, Mas?.- Description of Bonds. We are advised
that the $60,000 high-school building bonds voted at the town
meeting held March 28 will be issued in denomination of
Interest will be at the rate of i%,
$1,000, dated May 1, 1901.
payable at the New England Trust Co., Boston. Principal
—
—
—
mature |3,000 yearly. The date for the sale of these
bonds has not yet been determined upon.
IthacH, N. .Y Temporary Loan. This city has borrowed
$5,000 at 5% from a local bank. Loan is payable on demand.
Jasper, Ala. Bond Sale.— We are jast advised that the
$15,000 gold school bonds, advertised for sale last March,
have been awarded to parties not named,
Jasper, Pipestone County, Minn. Bond Offering.— Pro
posals will be received until 7 p. M., June 11, by E. E. Humphrey, Village Recorder, for $8,000 A^% water- works bonds.
Securities are in denomination of $5U0, dated July 1. 1901.
will
—
Interest will be payable annually at the office of the Village
Treasurer. Principal will mature $1,000 yearly on July 1
from 1904 to 1911, inclusive.
Successful bidder will be
obliged to furnish blank bonds.
Jefferson County (III.) School District No. l.—Bond
8ale,—0n May 20 the $6,000 5^ 14-19 year (aerial) bonds were
awarded to Duke M. Parson, Chicago, at 112 75. Following
are the bids
Duke M. Farson, Chicago
|6,765 00 Sea?oiieood& Mayer, Ctncin.. $6,576 16
Denlson, Prior
&
W. J. Hayes & Sons, Cleve....
Mason, Lewis & Co., Chicago..
H.^ee 66
O.OfiiOO
6,052 20
S.A. Kean. Chlcaeo
Chas. S Kidder & J for 58
0,63200
56
Co., Cleve.
.
.
e,H27
Co
6,031
Uor48
Farson. I^each & Co., Chic
6,6U5
TrowbridKe&Niver (fores... 6.605
Co
(for 4s... 6,079
CO
GO
00
00
G. M. Brinkerhofl, Springfield. 6.556 60
Uevitt, Tremble & Co.. Chic... 6,510 00
6,501 00
Chas. H. Coffin, ) hicago
6.4SO00
N. W. Harris & Co., Chic
E. L. Wagner & Co., Chicago. «.37e CO
First Nat. B'k. Barnesvllle.... 6.8(iI00
P. Stewart, St. Louis.... 6.06100
1,080 00
W. H, Green (for »l,000)
.
Wm
of bonds see Chronicle May 11, p. 950.
J.—-BondSa/e.— We are advised that the
$600,000 i% 5 year tax arrearage bonds offered but not sold
on May 1 have since been taken by local banks at par and
accrued interest.
Johnstown, Pa. Bond Offering. Proposals will be received until 12 M. May 31 by Chaa, H. Wehn, City Treasurer,
for $50,000 it municipal building bonds. Securities are part
of an issue of $60,000 bonds authorized last fall, of which
$10,000 were sold Oct. 30, 1900. Twenty bonds are in denomieation of $500 and forty of $1,000 each, all dated Sept. 1.
Interest will be payable semi-annually at the office of
1900.
For description
Jersey
i
ity, N.
—
the City Treasurer. Principal will mature Sept.
subject to call after Sept. 1, 1905. Accrued interest
paid by purchaser.
1,
is
1930,
to be
Kirtland Township, Lake County, Ohio.— Bond Sale.—
18 an issue of $7,5C0 5% bonds was awarded to Deni-
On May
Bon, Prior
& Co.,
Cleveland, at 104-113.
Kuoxville (Pa.) School District.— Bond SaZe.— This district, which adjoins the city of Pittsburg, has sold an issue
of $30,000 3M% bonds to C. R. Williams & Co., Pittsburg
Bonds are tax free.
by Chapter 222, Laws of 1901.
Liberty Township, Van Wert County, Ohio.— Bond«
Voted. This township has voted to issue .i;125,000 road bonds.
Lima (Ohio) School 'Mstrict.— Bond .E/eciion.— An election will be held June 3 to vote on the question of issuing
ized
—
$75 000 high-school building bond.=).
Lincoln (Neb.) School Distrie t.— Bond Sale.— On May 10
$60,000 4% school-house bonds were awarded to W. E, Barkley at 100*541 and accrued interest. Securities are in denomination of $100, dated Mav 1, 1901. Interest will be payable
semi-annually in New York City. Principal will mature
$20,000 in ten years, $20,000 in bfteen years and $20,000 in
twenty years; all bonds, however, are subject to call after
ten years.
Lorain, Ohio. Bond Offering. Proposals will be received until 12 M., June 13, by J. J. Mahony, City Clerk, for
$6,500 4^ sewer bonds. Securities are issued under the au-'
thority of sections 2704, 2705, 2706 and 2708, Revised Statutes
of Ohio. They are in denomination of $500, dated May 15,
Interest will be payable ]March 15 and September 15
1901.
Principal
at the Chase National Bank, New York City.
will mature $1,000 each six months from March 15, 1902, to
Sept, 15, 1904, and $500 on March 15, 1905. Either money or
a certified check for $500 on some bank in Lorain must accompany proposals. Bids must be made on.blank forms,
which may be obtained from the City Clerk." Bidders are
to satisfy themselves as to the legality of the bonds before
bidding.
Lorain (Ohio) Sehool District.- Bond Election.— A.n election will be held June 6 to vote on the question of issuing
$55,000 school-house bonds.
Macon, Miss. Bond OffeHng.— Proposals will be received
until 6 p. M., June 4, by E. F. Bell, City Clerk, for $10,000 5:i
school bonds. Secuiities are in denomination of .$500, dated
June 4, 1901. Interest will be payable at the office of the
City Treasurer. Principal will mature $500 yearly on June
6 from 1902 to 1921, inclusive.
—
Mainevilie (Ohio) School District.- Bond Sale.— On May
4^% bonds were awarded to the New First NaColumbus, at 103'50. Following are the bids
New 1st Nat. B'k, Columbus.. fS.n.S 00 Lamprecht Bros. Co.. Cleve... $5,119 50
Dealson.Prlor& Co., Cleve... 6,138 00 Citizens' Xat. Bank, Lebanon 5,010 00
Seasongood & Mayer, Cin
B.132 30 P. S. Brlggs & Co., CincinnaW. 5,000 00
For description of bonds see Chroxicle May 4, p. 894.
Malta School District No. 2, Valley County. Mont.
Bond Sale.— On May 17 the $8,00u 5-20- year (optional) coupon
bonds were awarded to H. C. Barroll, Caicago, at 100'2625
for 5}4. per cents. Following are the bids
18 the $5,000
tioral Bank,
:
.
:
For sax Bonds.
H. C. Barroll, Chicago
For 6% hnrxU.
Kane 4 Co., Minneapolis
For 6* Bonds (Crmt.)
$8,021 00 Union B'k A Tr. Co., Helena.. $8,103 00
W. J. .McDonald i Co„ Chic. 8,058 00
8.01200
8.300 00 S. A. Kean, Chicago
I
I
|
I
For description of bonds see Chronicle May
11, p. 950.
Mansfield, Ohio.— Bond SoZe.— OnMay20an issue of $5,800
5^ 15 year (serial) street assessment bond^ was awarded to
the Mansfield ^Savings Bank at 103'465. Following are the
bids
Bank
$6,001 00 Farmers' Nat. B'k. Mansfield. fS.PTl
Seasongood
Mayer, CInctn.. 5.W99 28 l>.<uDDrecht Bros. Co.. Cleve... b.ves
5.0<Sti
New IslNat. B'k.CoIurubus... 6,0^8£0| w. J. Hayes Jt Sons, Cleve
Denlson, Prior & Co.. Cleve... 5,ii76 60 First Nat. Bank, Barnesville.. 6.0i-5
Mansfield Savings
Jfc
I
I
I
00
20
00
CO
Marliu, Texas.— Bond Election.— The City Council has decided to hold an election in Jnne to vote on the question of
issuing $20,000 school and $14,000 wa*er bonds.
Mendociuo County, Ca\.— Date of Bond EUction.—'hl&y 28,
1901, has been fixtd as the date upon which the question of
issuing the $95,000 refunding bonds mentioned in the Chronicle April 6 will be submitted to a vote of the people.
Michigan City, Ind.— Loa?i Authorized.—The City Council
has authorized a short-time loan of $S,C00.
Middle town, Conn.— Bond O/fi'n'ng.-Attention is called to
the advertisement elsewhere in this Department giving notice
of the sale on June IS of the $40,000 3J^j{ 20-year funding
bonds, described in last week's Chronicle on page 1001. Proposals will be received until 7 p. >r. on that day by James P.
Stow, City Treasurer. A certified check for $2,500, payable
— —
:
—
THE CHRONICLE.
IOjO
to the "Treasurer of the City of Middletown,"
must
ac-
company
proposals for these securities.
Milaca Independent School District No, 13, Mllle Lacs
County, Minn.—Bonds Again Voted.—ThiB district on May
13 voted to issue $15,000 school house boads. This is the
second time these bonds h^ve been voted, and they are the
same securities which were sold on April 23 to Stoddard,
Nye Co., Minneapolis, The second election was called to
clear up a technical point raised by the parchasers.
Millingrton, Mlih.— Sond Election.—The question of issuing $5, COO bonds will be voted upon at a special election to
be held in this village.
Milton (Iowa) School District.— Bond 5'a?e.—This district
has sold at par to the Farmers' & Merchants' Bank of Milton
an issue of |2,0C0 4^% bonds. Securities are in denomination
of $400, dated May 15, 1901. Principal will mature $400
yearly on May 15 from 1903 to 1907, inclusive.
Miuneota, Minn.— Bovd Sale.— As a matter of record we
report the sale on April 29 of $10,000 5% water bonds to Stoddard, Nye
Co., Minneapolis, at 103. Interest on these
bonds will be payable annually on June 1 and the principal
will mature $5,000 June 1, 1906, and $5,000 June 1, 1911.
Mnrdocli:, Minn.— Bonds Fo^ed.- This village has voted to
issue $1,500 bonds in aid of the construction ot a flour mill.
Nashua, N. H. Bonds Over- Subscribed. We are advised
by M. A. Taylor, Mayor, that subscriptions for the $75,000 S%
20 year gold refunding bonds of this city have already reached
over $90,000, a large proportion of which is for amounts of
$1,000 or less. Under the advertisement the books will be
kept open until 3 p. M. today (May 25). In commenting
upon the result of the subscription plan the Mayor states
that it has succeeded far beyond his expectation and that
double the amount of bonds offered could probably have been
sold on the same terms, or even at a slight premium if bids
had been asked for. Bonds are free from taxation.
Neligli (Neb.) School District.—Band Election.— An election will be held in this district to vote on the question of
issuing $3,000 school-house bonds.
NeodeBba Township, Wilson County, Kan.—Bond Election.
J. M. King, Township Trustee, has given notice that
an election will be held to-day (May 25) to vote on the question of issuing §3,500 bridge bonds.
New Bremen, Ohio.— Bond O^eringr.— Further details are
at hand relative to the sale on June 10 of $10,000 6^ road-improvement bon.is. Proposals for these bonds will be received until 12 M June 10, by Gr. A. Running, Vjllage Clerk.
Securities are issued under the authority of £ecfcions2835, 2836
and 2837, Revised Statutes of Ohio. They are in denomination of $500, dated May 1, 1901. Interest will be payable
semi-annually at the office of the Village Treasurer. Principal will mature $500 yearly on May 1 from 1902 to 1921 inclusive.
cash deposit of $300 will be required of all bidders
offering to take the entire amount of bonds; of those bidders
proposing to take less than the whole issue, a cash deposit of
$15 for each bond bid for will be required. Accrued interest
is to be paid by purchaser.
New Britain, Conn. Bond Bill Passes House. The House
of the State Legislature has passed a resolution providing for
the iesuance of $75,000 water bonds.
New Hartford, Litchfield County, Conn.-Bond Offering.
Proposals will be received until June 8 by Hermon M.
Chapin, First Selectman, for $36,000 bonds. Securities are
in denomination of $1,000, dated July 1, 1901. Interest will
be at a rate not exceeding d^%, payable semi-annually. Prin-
&
&
—
—
,
A
—
—
cipal will
—
— —
mature
in
twenty years.
New Matamorag, Ohio.— Bond
OJ'ertngr.— Proposals will be
received until 12 m., June 15, by John W. Berentz, Village
Clerk, for $10,000 5% water -works bonds. Ten bonds are in
denomination of $500 and fifty of $100 each, all dated June
Interest will be payable semi annually. Principal
15, 1901.
will mature June 15, 1921.
certified check for 5% of bid,
payable to the Village Council, must accompany proposals.
Ohio State University.-Bond Sate.— On May 16 the $10,000 4:^4% refunding bonds were awarded to the Columbus
Savings
Trust Co. at 109'665— an interest basis of about
3-04.9%.
Following are the bids
109-665 W. J. Hayes & Sons. Cleve
Columbus Sav. & Trust Co
108'34
A
&
will be received until 10 a, m. on that day by the County
Commissioners.
Securities are issued under authority of
Chapter 882, Laws of 1901. They are in denomination of
$1,000, dated July 1, 1901.
Interest will be payable semi-annually in Boston, Maes. Principal will mature $5,000 yearly
on July 1 from 1911 to 1935, inclusive.
Perry, N. Y.—Bond Ojffering.—O. N. Bolton, Village
Clerk, will sell at public auction at 7 P.M., June 7, an issue
of $54,000
gold sewer bonds. Securities are in denomination of 11,000, dated July 1, 1931. Interest will be payable
semi-annually at the First National Bank of Perry or in
H
107*26
107*25
New 1st
Nat, B'k. Columbus
Seasongood
& Mayer,
106"25
Cincin....l06'668
For description of bonds see Chronicle April 27, p. 836.
Old Town, Me. Loan Authorized.~The Town Council has
authorized a short-time loan of $5,000.
Paris, Mo. Bond Election. On June 8 an election will be
held to vote on the question of issuing $20,000 electric-light
and water-works bonds.
—
—
Paulding County, Ohio.— Bond Sale. On May 10 an issue
of $30,000 5% 6-20-year (serial) bridge bonds was awarded to
Seasongood Mayer, Cincinnati, at 107'833— an interest basis
of about 4'22^. Securities are in denomination of $1,000,
dated May 1, 1901. Interest will be payable semi-annually at
the office of the County Treasurer.
New
York exchange.
Pittsburg (Pa."), Minersville Sub-School District.—Bond
Sale,— The $40,000 3i^1 30-year tax-exempt bonds mentioned
in the Chronicle May 4 have been purchased by C. R. Williams
& Co.
of Pittsburg.
Pittsburg (Pa.), Peebles Sub-School District.—Bond
Sale.
C. R. Williams & Co., Pittsburg, have purchased an
issue of $90,000 d}^% 30-year coupon bonds. Securities are
tax exempt.
Pleasant Township, Van Wert County, Ohio.— Bond Sale.
—On May G an issue of $12,000 4)4 per cent 1-19-year (serial)
road bonds was awarded to the New First National Bank,
Columbus, at 105-57. Following are the bids:
New Ist Nat. B'k, Columbus. .$12,668 40 W. J. Hayes & Sons, Cleve... .?l-2,308 00
—
D. L. Brumback, Van Wert.. 12,480 00
P. 8. Brlggs & Co., Cincin
12,400 00
Lamprecht Bros.
Co., Cleve.. 12,007 50
Polk County (P. 0. Bolivar), Mo.— Bond Eleetion.—An
election has been called for June 4 to vote on the question of
issuing $60,000 court-house bonds.
Poplar BluflF, Ko.—Bond Sale.— On May 20 the $8,000 4%
10-20 year (optional) city-hall and jail bonds were awarded to
Trowbridge
Niver Co., Chicago, at 100'6875. For description of bonds see Chronicle May 18, p. 1001.
Raleigh, N. C. Bond Election. An election has been
called for July 8 to vote on the question of issuing $100,000
street improvement bonds.
ReidsTille (N. C.) School District.— Bands Fo^ed.- At the
election held May 16 the proposition to issue $15,000 school
bonds carried by 142 maj >rity. Full details of these bonds
&
—
have not yet been determined upon.
Reno, Nev. Description of Bonds. We are advised that
the $13,000 5% bonds, which we stated in the Chronicle of
May 4 had been sold to the Washoe County Bank of Reno at
par, are in denomination of $1,000, dated April 1, 1901. Interest will be payable Jan. 1 and July 1 and the principal
will mature $1,000 yearly on Jan. 1 from 1903 to 1915, inclusive, The sale took place on April 12, 1901.
Revere, Mass.— ioan Authorized.— A loan of $6,000 for
—
was authorized at a recent town meeting.
Roane County (P. 0. Kiogston), Tenn.— Bond Offering.—
Proposals will be received until 1 p.m., Jane 3, by the Bond
Commissioners, care of J. F. Cormany, Secretary, for $100,school purposes
Securities are in denomination of $500,
dated May 1, 1901, and the interest will be payable annually
at the office of the County Trustee.
St. Michaels, Talbot County, Md.— Boud Offering.— Proposals will be received until June 15 by G. K, Benson, Clerk
of the Board of Commissioners, for $12,000 4% 50-year water
bonds. Securities are issued under authority of Chapter 113,
Laws of 1900. Interest will be payable semi-annually. Bonds
are exempt from all taxes except for State purposes.
The offldal notice of this bond offering will be found among
the advertisements elseivhere in this Department.
Salem, Ohio.— Bond Offering, Proposals will be received
until 12 M., June 6, by George Holmes, City Clerk, for $18,000 4% bonds. Securities are issued under authority of
Section 2,701, Revised Statutes of Ohio. They are in denomination of $1,000, dated May 15, 1901. Interest will be payable
annually and the principal will mature $1,000 yearly on
000 4% 20-year bonds.
—
15 from 1902 to 1919, inclusive.
Salt Lake City, Utah. Bids Rejected— Bond Offering.
The following bids received May 14 for the $200,000 4% 20year refunding bonds were all rejected
August
—
:
:
Lamprechf Bros. Co., Cleve
Ohio Nat. Bank, Columbus
[Vol. LXXII.
S.
A. Kean.Chtcaeo
K. U. Rollins
&
102-53
Sons, Boston.. .101-005
I
R.
Kleybolte&
Co., Cincinnati.. 100-395
I
Proposals are again asked, this time until 5 p.m., June 4,
J. O. Nystrom, City Recorder, for these bonds, a description of which will be found on page 790 of the Chronicle April 20.
Sandusky, Ohio.— Bond 8ale.—0a May 20 the $14,000 4%
refunding water- works bonds were awarded to Seasongood
Mayer, Cincinnati, at 104 •34— an interest basis of about
Following are the bids :
S-5S2%.
by
&
& Mayer. Cincln.fl4.C07 70 Lamprecht Bros. Co., Cleve. .$14,605 20
& Co., Ctncin... li.-^Sl 00 Feder, Holzman & Co., Cin.... 14.427 00
VV. J. Hayes & Sons, Cleve... 14,547 00 P. S. Brlgg^s & Co.. Cincin
14,420 00
&
14,-.i55 00
Denlson, Prior & Co.. Cleve. 14,fi<J0 20 Choghau Bank, Fremont
New Ist Nat. Bk., Columbus. 14,506 40
For description of bopds see Chronicle May 11, p. 951.
Sharpsburg, Pa. Bonds Authorized,— At a recent meeting
Borough Council the issuance of $30,000 water and
Payson School District No. 6, Utah County, Utah.— Bond of the
light bonds was authorized.
Sa?e.— On May 15 the $10,000 6% bonds were awarded to EdShelby County (P. 0. Harlan), Iowa.—Bond O^eringf.—
ward L. Burton, Salt Lake City, at lOO'lO. Following are
Proposals will be received until 12 m., June 4, by S. G. Dunthe bids
more, County Auditor, for $25,000 funding bonds. Securities
Edward L. Burton, Salt Lake
S. A. Kean. Chicago
100-03
are dated July 1, 1901, and will mature in seven years, subCity
lOO'lO
John E. Dooly, Salt Lake City.. lOOOl
Chas. H. Coffin, Chicago
100-09
Payson Ex. Sav. Bank, Payson. 100-00
ject to call $3,000 yearly on July 1 from 1902 to 1905, incluFor description of bonds see Chronicle May 4, p. 895.
sive, $4,000 on July 1, 1908, and likewise on July 1, 1907, the
Penobscot County (P. 0. Bangor), Me.—Bond Offering.— remaining $5,000 being payable in 1908.
Full details are at hand relative to the sale on May 29 of
Sherman, Texas.- Bond Sale,— On May 21 the $80,000 4^%
$125,000 S}4% court-house bonds. Proposals for these bonds 1- 40-year (serial) sewer bonds were awarded $70,000 to W. J,
Seasongood
H. Kleybolte
.
.
.
. .
—
J
May
:
THE CHRONICLE.
25, 1901.
1051
Y.— Bond
Offering.- J. A. Cantwell, City Clerk,
June 3 the following
to the sinking fund.
Hayes &Sons, Cleveland, at 104-77, andthfe remaining $10,000
For description of bonds see Chronicle
will sell at public auction at 2 p, m.
May
bonds
Utica, N.
4, p. 896,
Shreveport, La.— Bond Safe.— Local papers state that
$25,000 of the $100,000 it bonds advertised for sale on Mav 3
have been sold to the Germania Savings Bank of New Orleans at 100-635. Of the bonds sold, $20,000 are for street
improvements and 55,000 for the fire department. For de-
12,997 21 4%
2,151 73 i%
4,326 12 4«
703 72 455
1,775! 07 i%
709 4:1 i%
l,l:<2 69 i%
8,006 2ti i%
scription of bonds see Chronicle April 13, p. 741.
Sjracuse, N. \.—Bona Sale.— Oa May 20 the $315,000 2^%
high-school bonds were awarded to W, J. Hayes & Sons,
Cleveland, at 105 85— an interest basis of about 3-188^. Following are the bids
106-85
105057
K. li. Day & Co.. Boston
W. J. Hayes & Sons. Olevo
Allen, Sand & Co., New York...loi-.S1
Dick Bros. & Co., Philadelphia. 10.V83
K Kleybolte &Co..Cincln
loTOl
E. H. Xtollins & Sods. Boston .... 106-78
Syracuse Savings Bank
ICO'OO
N. W. Harris & Co. and FarsoD,
10o-43
Leach & Co. New Yorli
For descriotion of bonds see Chronicle May 11, p. 952.
Bond Sale.-On May 10 the |14,C00 reTarboro, N.
funding bonds were awarded to Kane & Co., Minneapolis, at
103-25 for
bonds running 20 years without option. The
purchaser also furnitehes blank bonds free of charge. For
description of bonds see Chronicle April 20, p. 791.
Thomasville (JV. C.) School District— Bonrfs Fo^ed.- At
A
the election held May 6, the proposition to issue $10,000 b%
30-year school-houEe bond?, carried. Interest on these bonds
will not exceed .5^ and the principal will mature in 30 years.
Toledo, Ohio.— Bond Issue.—The City Cr uncil has passed
ordinances authorizing the issuance of $33,000 street and
sewer bonds. These bonds will be taken by the sinking fund
as an investment.
Trnro, Nova Scotia.— Bond Sale.— On May 15 the $57,500
i% 30-year bonds advertised for sale on May 10 were awarded
to A. E. Ames & Co., Toronto, at 101 and accrued interest.
Following are the bids
A. E. Ames & Co.. Toronto
|58.07fi Dominion Sec Torpor., Montr'I.|50,925
F. B. McCurUy & Co.. Halifax... 67 £06 HaliffX Bank's Co. (for S17.50O) 17,050
A
:
Rogers, Newman 4 ToIman,Bo8l03-888
Jose, ParkerA Co., Boston. ... 103-508
Kstabrook
.
Halifax Banking Co
For description
.S7,50'J
I
67,0i0
I
J. C.
Mackintosh
As
4, p. 896.
Tallahonia, Tenu. Bond Election,— An election has been
called for Jane 6 to vote on a propoeilioQ to issue $25,000 5%
water and sewer bonds.
NEW
3 l-2s
New
3 l-2s
Britain, Connecticut
Utah
to 1 o'clock P.M.
June 1st, 19ol, "hen bids will be opened, the said
Chairman and Treasurer reserving the right to
reject, any and all bids.
Address bids to Lothar Sauer. County Clerk. Port
Washington, Oziukee County, Wisconsin, "Bids for
Bonds."
Dated
Washington, Wis., Mav lOth. 1901.
HORN. ( hairman of County Board.
MICHAEL, EVEN. County Treasurer.
ir.
COUNTY HAS NO DEBTS.
4s
5s
&EEENVILLE
3-65s
United Railways Co St. Louis
Columbus, (Ohio), Railway
4s
&
Milwaukee Electric Ry. & Light
Union Light Heat & Power
RUDOLPH KLEYBOLTE &
NEW
5s
4s
Ky
YORK.
)
CO.,
CHICAGO.
NASSAU STREET,
$3,000
CORPUS CHItlSTI, TEXAS,
VVATEK BONDS.
OFFEUED AT 101 AND INTEREST
Woodstock, Vt.
Blodget, Merritt
SOUTHERN AND WESTERN
SECURITIES.
D. H.
BANKERS.
LIYERMORE,
16
snCCKSSOK TO
Bonds approved by Attorney General.
Writefor circular Riving full particulars.
ROSENBEKOER
31
Si
NASSAU STREET,
S.
0^
NOTICE,— Until June 15, 1901, at 12 o'clock M.,
sealed bids will be received at my office in the City
of Greenville, S. C, for $il,000 GREENVILLE
COUNTY COUPON BONDS to be issued for the
purpose of paying past floating indebtedness, and
railroad bonds, of said County. Said bond»tobear
date July 1, 1901, and to become due In 30 years from
date and to be of the denomination of (1,000 and to
bear interest at the rate of 4 per centum per annum,
payable semi- annually in New York or Greenville,
S. C, on the first days of January and July. These
bouds are exempt from State, County and Uuntclpal
Taxes by special provision of the Act, Each bid
must be accompanied with a certified check for
$1,000. The right to reject any and all bids is hereby
reserved.
E. SPEEGLE,
County Supervisor.
5s
Newport & Dayton,
CO.,
COUPON BONOS.
4s
,
,
P( rt
WM.
CORPORATION BONDS.
POWELL & CO
Wis.,
named rhnirman and Treasurer up
4s
Newport, Kentucky
H. B.
LOANS.
of fheCounty Board and the County
Treasurer of Ozaukee CountT, Wisconsin, invite
bias or propos Is fi r forty-tlve bonds of ($1,000) one
thousand dollars each, dated March 1st, 1901. Each
bond bears interest at the rate of four per cent per
annum, parable annually on March 1st of each year,
as per coupons attached. The first five bonds mature on theUrstdayof March in the year 19v3, and
five more Qjatare on the first dav of March In each
succeedina year— the last Ave maturing on the first
day of March, 1911. The bonds sha.l be presented
for payment at the Coun' y Treasurer's office in the
City of Ptrt Washington, Ozaukee County, Wisconsin, w hen they become due.
Sealed proposals will be received by the above-
4s
Columbus, Ohio
Sandusky, Ohio
Marion, Ohio
No. I
New-
The Chairman
4s
Woonsocket, Khocle Island
CINCINNATI.
to Rogers,
BOND<?.
4s
CITY BONDS.
(Covington,
awarded
Ozaukee County^
4s
County, llUnois
City,
|
NEW
LOANS.
County, Ohio
Lake
ir2"88
102-17
102-03
&
Laurens County, South Carohna....4 l-2s
Salt
Boston
Parkinson & Burr. Boston
Blake Bros, i Co., Boston
Co..
interest.
Muskingum County^ Ohio
McLean
I
I
&
COUNTY BONDS.
Butler
103-29
... 103-037
Adams &
Washington.—BoTjd Sale.— On May 17 the State issued
three $5,000 bonds, the same being taken by the State Permanent School Fund as an investment.
Webster County (P. 0. Fort Dodge) Iowa.— Bond Sale.—
This county on May 1 sold an issue of $50,000 3}^% 10-year
bonds to Denison, Prior
Co., Cleveland, at par and accrued
U'or W.o.COO)... 24,760
Chronicle May
of bonds see
A
Co., Boston
H, Co.. Boston. ...
I
Day
Stated last week, bonds were
man Tolman of Boston.
R. L.
:
.
one-sixth of each issue yearly;
3H% publlc-improvoraent bonds, dated June 1, 1901, and maturing $1,000
Jan. I, 1902. and t^.0< yearly thereafter.
25,000 SJ^J public-improvern<;ht bond.s. <latel June 1. 1901. and aatunnB $50
Jan. 1, 1902; toOO Jan. 1, 19j3,;and $l,60o y'rlf on each Jan I thereafter.
Interest on the above bonds will be pajable annually.
certified check for $1,000 will be required of the purchaser of
these bonds.
Valleyfleld, (Ine.—Dtbenfnre Sale.— Thia town has sold an
issue of $50,000 4% public-building debentures, maturing in
25 years, to the Provincial Bank of Canada at par.
Vancouver, B. v.— Debenture Offering.— Proposals will be
received until 4 P. M. May 31, by Thos. F. McGuigan, City
Clerk, for $230,000 3}^^ dfcb<-ntures. Interest will be payable semi-annually at the office of the City Treasurer and the
princioal will mature in forty ypars.
Vesta School District No. 102, Redwood County, Minn.—
Bond Offering.—PropoB&la will be received until June 1 by
Otto Haack, Recorder, for |4,000 5$? 10- year bonds.
certified check for $250 must accompany proposals.
Wakefield, Mass.— Bid«.— Following are the bids received
May 16 for the $50,000 3},^% sewer bonds
4m
Toronto.
Potter Avenue bonds, dated April 5. It'Ol.
Mandeville Street bonds, dated April 6, 1901.
$35,000
e—
,
6. 1901.
Ctiarlotte Street bondn, dat ed A pril 5. 1901.
flinton Street bonds, dated Auril 5, 1901.
Potter Street bonds. daleJ April 5, 1901.
The above bonds mature
,
& Co
Main Street bonda. dated April
also
:
G. A. Stiinson
Faxton Street bonds, dated Mav 3, 1901.'
Hamilton Street bonds, dated April 5, 1901.
Co.,
Congress Street, Boston.
13 Wall Street.
LIVER^IORE
&
New York.
NEW YORH. STATE, CITT & RAILROAD BONDS
I
:
1052
IJUJi
UlliiUJNi(JL,ii.
Wellfteet, Mass.— Bond Sale.— On May 16 an issue of 10,000 31^ 10-year road bonds were awarded to Jose, Parker
Co., Boston, at 103'51— an interest basis of about 3'20$g. Following are the bids:
101-567
102-51
U. \j. Dar & Co.. Boston
Jose, Parker & Co., Boston
101-61
Adams & Co.. Boston
C. S. CummliiKS & Co.. Boston.. lOH'SH
1901 to 1915, inclusive,
&
lOO'Bl
W-ZV65 Blake Bros. & Co., Boston
& Co.. Boston
100'23
102-00
Parkinson & Burr, Boston
Bank ...
& Co.. Boston. .101-7i8
Securities are in denomination of $1,000, dated Jane 1,
1901.
Interest will be payable semi-annually.
Westchester Coaaty, N. Y.—Bond Sale.— Oa May 21 the
§62,500 31.^3; bonds were awarded to Farson, Leach & Co.,
Chicago, at 104-61. For full description of bonds see Chronicle May 18, p. 1003.
White Hall (111.) School District No. 8.— Bond Sale.— On
May 17 an issue of $7,000 5^ bonds was awarded to Rudolph
Kleybolte & Co., Cincinnati, at 107-192. Following are the
Estabrook
Wellfleet Sav.
<ieo, A.
Feruald
bids
B. Kleybolte & Co.. Clncin. .. J7,603 50 John Nuveen & Co., Ch!caK0..f 7,325 00
Merchants' L.&Tr. Co., Chic. 7,410 00 W. .1. McDonald & Co.. Chic. 7..S17 00
Devilt, Tremble « Co.. Chic. 7,405 00 N. W. HarrlM&Cc.Chicafro... 7.315 00
First Nat. Bank, Pitlstleld.... 7,368 00 J. M. Brinkeihoff, Spriugfleld. 7,a50 25
7.25100
Mason. Lewis * Co.. Chicaeo.. 7.359X0 ('has. H. Coffin. Chicago
Chas. S. Kidder* Co., Chic.... 7,3.^0 00 People's Bank of Roodhouse. 7,301 00
Trowbrtdge & Nlver CcChlc. 7,336 00
Securities are in denomination of §500, dated June 1, 1901.
.
.
Principal will mature $500 yearly on June
1
from 1902 to
1915, inclusive.
Wichita (Kan.) School District.— BoTid O^enng.—Proposals will be received until 13 M. to-day (May 25) by R. C.
Jackman, Chairman of Committee of |Board of Education
having bonds in charge, for $?5,C00 A% 10-20-year (optional)
bonds. Securities were voted at the election held April 2,
1901,
They are in denomination of $1,000 and carry inter-
June
I
I
12,
proposals.
Wingham, Ont.-Debenture Sale.— On May
4:%
an issue of
NEW
LOANS.
St. Michaels, Maryland,
A-f^
17
debentures maturing part yearly on Dec. 31 from
NEW
TOWN
Aldermen of the TOWN OF
GREENVILLE, N. C, will receive sealed bids for
Debt, on account of Fii-e
Department Huildins: and Macada*
iiilzius Streets.
Sealed proposals endorsed "Proposals for Bonds"
with certiUed check on a National Bank for $'^,600
enclosed, will be received by James P. Stow, Ciiy
Treasurer, until 7 o'clock Tuesday evenins, June IH,
1901, (at which time thev will be opened in public),
for the purchase of $70,000 of Public Improvement
Bonds. The said bonds will be ii}4% straight 20years, dated July 3, 1901. A sinbinu fund will be
created for the payment of cty bonis, authorized
toy Special Act of General Assembly, State of Con
nectlcut, Januiry Session. 1901, Joint Resolution
4t<J.
Assessed valuation for city taxes of 1900 Is
46.500,000, actual valuation. t8,50(r,o(0; net debt
tnot including waier works^. §192,693 13. Population of city, 11.000; town, 17,00('. There has been
no default of any obIig«tlon of city or town. The
right is reserved to reject any and all bids or proposals. A circular of particulars with a blank attached for ofTiiial proposals for the issue of bonds
can be obtained from the said Treasurer, and all
bids or proposals must be addressed to
JAMKS
P.
STOW,
City Treasurer,
Middlelown, Conn.
^soo,ooo
SOUTH PARK
SERIAL BONDS.
The South Park Commissioners will receive pro
posals tor Five Uundrtd (,100) One ThousaLd («1000)
gollar four (4) per centum Serial Bonds, until •.;:30
P. M. Wednesday, June i2, 1901, at the office of said
Commissioners in the city of Chicago, Illinois. Full
information and form of Proposals mav be obtained
on application to the undersigned.
U. SHUMWAY, Secretary.
EDWARD
CHICAGO.
The Board of
or part of $75,000 00 five per cent coupon bonds
until i o'clock P. M., June 28ih, 1901. Bonds of *50O
each, payable July 1st, 1931, interest payable semi
annually.
The Board reserves the right to reject any or all
N. T. Office. 1442 Broad-Exchansre Bldff.
all
LONDON AND PARIS
EXCHANGE,
bids.
J.
G.
MOYE,
HEAD OFFICE
Mayor,
Greenville, N. C.
W. HARRIS &
CO.,
AN K ERM.
Chicago.
Issue Travelers'
Letters of Credit
AVAILABLE IN ALL
PARTS OF THE WORLD.
Boston.
in Bonds o1
Railroad, Street RaiU
way, Oas and Electric
Light Companiet
Deal
LONDON,
E. C.
prepared to entertain
proposals tor Introducing South African
and Rhodeslan shares in America.
Only flrHt-class propositions.
The excbanire
1b
Oovemmtnt andMu-
Investment Securities
FOR
and
Sold.
St.,
^^''''^J',L^?Z?^^''^
Building)
Cable Address :— SABA.
New
SAYINGS BANKS and TRUST FUNDS
York.
BONDS A SPECIALTY.
b%
EDW.
NEW
0.
JONES
YORK,
PHIIiA.,
SEND FOR
-
\
MUNICIPAL, RAILROAD AND CORPORATION
BONDS.
FARSON, LEACH &
CO.,
NEW YORK.
CHICAGO.
118 SO.
.
MUNICIPAL
CO.,
FOURTH
ST.
BONDS
and
CORPORATION
Netting from
3K to
(i%
always on hand.
DUKE M. FARSON &CO.
115 Dearborn
St.,
CHICAGO.
Send for our Investment
MUNICIPAL BONDS.
121
<&
NASSAU STRBHT.
LIST.
June Investments,
E. C.
t
Basildon House, Moorgate Street,
nieivalBondB Bought
Quotations furmshed for purchase, sale or exchauKe
31 Nassau
Ld.,
Bankers and Exchange Agents.
For further information address
B
To fund Flonting
238-240 La Salle Street,
IMPROVEMENT BONDS.
New Tobk.
CONN.,
3K^ FUNDING BONDS.
INVESTKENT SECURITIES.
NORTH CAROLINA,
N.
MIDDLETOWN,
INVESTMENTS.
Geo. D. Cook Company,
LOANS.
OF GREENVILLE,
WATER-WORKS BONDS.
Sealed bids will be received on behalf of the Town
of St. Michaels, Talboi. County, Maryland, by the
tinder.sigued,onor before June 16Mi,laoi. for tlie purchase by;the highest resp nsiole bidder of its $12,0i0
Neaotiable Counon Bonds, to be issued pursunntlo
Chaptei 113 of the Actsol the Maryland Legislature
of 1900, for theconslruciion or Water- Works for said
Town, and the service connections, and payable titty
years from their date of Issue, with inteiest at 4 per
cent, payable semi-annually. Special provisions are
madebv said Act for the payment of the principal and
interest of said honds, which are exempted from
tases, except for State purposes, but ^acnot be sold
forlless than their par value. The light to reject any
or all bids is reserved. Fo r any information touehiUK
said Bonds, or the financial condition of said Town,
address.
ti. K. BENSON,
Clerk of Board of Commissioners.
St. Michaels, Md.
I
I
d^% street-improvement bonds. Securities are in
denomination of $1,000. Interest will be payable semiannually. A certified check for 1% of amount of bid must
$17,000
on May 9 voted in favor of issuing 1% 5C-year debentures for school purposes.
Wyandot County (P. 0. Upper Sandusky), Ohio.— Bond
O^mngr.— Proposals will be received until 12 M. June 6 by
E N. Halbedel, County Auditor, for $3,000 5% road-improvement bonds. Securities are in denomination of $600, dated
June 1, 1901. Interest will be payable semi-annually at the
office of the Countv Treasurer.
Principal will mature |690
yearly on Oct. 1 from 1902 to 1906, inclusive. Bidders are
required to satisfy themselves as to the legality of the bonds
before bidding and must also deposit $300 in currency with
the County Treasurer.
Takima Coonty (Wash) School-District No. 16,— Bond
O^eriwg'.— Proposals will be received until 11 a,m,, June 8,
by W. B. Dudley, County Treasurer (P. O, North Yakima),
for $5,000 5-10-year optional bonds of this district, within
which is located the town of Prosser. Securities will be
issued in denominations of from $100 to $1,000 to suit bidder.
Interest will be at a rate of not more than 5%, payable annually at the office of the County Treasurer. The district is
entirely free from debt and has a cash balance of $1,442 50.
The assessed valuation is $333,115 and the real value about
$600,000. The population is estimated at 700.
Yonkers, N. Y. —Bond Sale.— The only bonds offered for
sale by this city on May 22 were the $20,000 ^14% park bonds
described in last week's Chronicle. These bonds were
:
160,000
accompany
Winnipeg (Man.) School District.— Bonds Fofed,— This
district
. .
Pa.— Bo»d 0#enwgr.— Proposals
P. M,,
an investor
at par to
not named.
to Geo. C. White Jr., New York City, at 101-76.
Following are the bids
Geo. C. White Jr.. New York. .101-76
.101-4*
M. A. Stein, New York.
101-70
W. J. Hayes & S6ns. Cleve
101-29
Geo. M. Hahn. New York
101-70
Yonkers Savings Bank
People's Sav. Bank. Yonkers... 101-33
101-51
John D. Everiti & Co., N. Y
W. B. Todd & Co., Cincinnati... lOrOO
Yonkers (N. Y.) School District.— Bond Offering.-Pro
posals will be received until 8 p. m,. May 29, by J. H. Claxton. Secretary of Board of Education, for a $7,250 d^% registered bond. This bond is issued under authority of Chapter 543, Laws of 1899. It is dated May 1, 1901, and will mature April 1, 1921. Interest will be payable April 1 and
October 1. A certified check for 5% of the amount of bid,
payable to the Treasurer, must accompany proposals.
will be reby Arthur Stuart, Chairman of
Finance Committee, 9J7 Wallace Ave,, Wilkinsburg, for
TVilbinsbarg,
was awarded
LXXU.
awarded
est payable semi-annually.
ceived|until 3
[Vol.
Stanwood &
Co..
BANKERS,
Devonshire Streets
BOSTON.
P.
R.
Circulars.
FULTON & CO.,
Municipal Bonds,
171
LA SALLE STREETi
CHICAGO.
@FedFRASER