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pnanrtal
IIBEr
vomit
nmmefffl
Supplement
(Monthly)
Street-Railway Supplement (^&Am^
Investors Supplement (gm^
SMe andCiUj Supplement ^x^
Quotation
Dana Company, In the office
[Entered aooordlng to Act of Congress, in the year 1901, by the William B.
VOL.
SATURDAY, NOVEMBER
73.
of the Librarian of Congress.]
NO. 1899.
16, 1901.
Week ending November 8
Olearlngi at —
3£ftje (Kshvonitlt.
PUBLISHED WEEKLY.
Terms
of
1901.
Subscription— Payable in Advance:
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The following table, made up by telegraph, etc, indicates Canton
111...
that the total bank clearings of all the clearing houses of Jacksonville,
Qulncy
Blooming-ton.
the United States for the week ending to-day, Nov. 16,
Jackson
have been $2,505,949,233, against $2,136,459,932 last week and Ann Arbor
Tot- Mid. Wsit'n
$2,330,304,108 the corresponding week last year.
San Franoltco.
OUaringi— Return* by Teleqravh.
Week Ending November 18.
Hew York
Baltimore
Chicago
St. Lonls
New Orleans
Total
all cities,
Total
The
6 days.
.
$1,804,856,888
350.934.018
(1,703,688,308
199.868,411
+5*8
+85-6
for week.
OUarinQS at—
1901.
New York
Philadelphia
Pittsburg
Baltimore
Bnffalo
Washington
Albany
Rochester
Syracuse
Boranton
Wilmington
JSlnghamton
Chester
Oreensburg
Wheeling W. Va..
Wilkes Barre
Total Middle
1900.
.
885.O07.897 1,070,084,387
95,813.184
81.017.995
31,190.546
26,140.778
33 940.137
18.865 007
914
429
6
4 980.021
3,318,718
2.478 9(15
8.785 818
2,»-90.079
9.354 596
2,368 603
1 606.761
1.235,038
1,888,0>4
888.688
978.683
730 487
864,700
447,300
878 787
810 918
871.822
248,992
682 64R Not Include
1,051.361 Not Include
1.497 933.83*1 1 813 827.884
1899.
Cent.
(
1,001. 754 70^
817 498,607
6H0427
+80*8
38 454.830
10, 474 860
87.785.280
16,161 168
17.718 00.1
4.535 SOS
8.198 177
-t-31'6
+18*81
+31-21
+30*3
+4*2,
+21-91
+44*8
+33-3
-18-8
+18-4
+50-6'
1-8
i.
460111
2 888,87.;
2 773.611
3 019 349
1 ,156 164
072 96i
1.710 380
l,03h,6 18
938*5*1
825 8HS
684 800
lOrf.OK
858 921
386.301
806.000
+88
6 1.245 824.1*0
10.887 676
6.311.552
6 052,100
3,851,180
9,864 163
2.2OO.0OS
1,100.334
1,071.3 8
848.976
208,714
432.07,
382.408
681,100
835,778
267 659
383 767
230.577
138,747
243.857
212.871
160.000
+31*2
+23-7
+33*6
+47-6
+18*8
108,009.879
13,020,500
6.856.187
8.080 948
6.888 804
4.149.000
2.801.299
1.706 311
1,018.600
3.600,80;
2,128805
+130
2.164 266
1,236 201
1,168.810
1,022.430
877.008
431,381
+18-6
+S6-8
+7'4
-107*8
+48*4
+44-D
+17*8
+88-1
083418
834 £89
805 486
876 848
416 288
870 847
888.8C0
806.876
461 238
446, 60U
418.603
205 440
387.572
261.510
-r37-8
—5-2
+40-5
+27-7
+84-2
+45-1
+33*7
182,448
951518
263,810
168,286
In tot nl.
170.002.846
+36*8
199,240.014
168,616.827
+88-6
21.75S.256
18 484.876
1.787 020
9.167.800
1,678 438
+11*8
89-1.6(3
182, 6*2
-t-85-1
181081
44,368 938
81.487.035
+71-8
+41*1
787 898
660.336
488 000
157,675
35.630 948
26.398 961
Kansas City
81.0O2,8«2
Minneapolis
20881,188
14.768.146
14,201 409
6,816 082
4,718 216
8.962.300
+48*3
+43*4
+10-1
+40*1
8.693880
12.858 280
12 660.779
7.685.086
6 021 685
2,686.637
8.815 063
1,818 804
743.851
681906
+34-1
+26-8
+86-1
+40-6
+80-6
+8-4
114,681
851.62 1
53.045 496
+81 -4
16,866.081
16 822 874
6.7S6 728
5 903.668
8.791.703
8,406.122
1,502.72?
845.080
1,250.(46
614 518
400.782
108,626
+20*7
~+il"9
66 430 726
47,718 866
84 860 090
13 788 781
8.828.008
4 481 45u
8.569 851
4 566 868
3 5-0 546
4 018 821
8,846 524
81.786.644
10.180 940
7.318,754
5.247.750
St.
0.401,310
6,625 807
4 088 688
4,819 180
Paul
Denver
Joseph
lies Moines
Davenport-
1932,483
Sioux City
Topeka
Wichita
Fremont.
Colorado Springs..
Tot. other West.
Louisville
875 012
1,661,868
1,286,146
644,808
160,263
1.027,162
1,111,683
"68.854,342;
Galveston
4 860 000
Houston
Savannah
Ulobmond
Memphis
6,806,070
4 903 211
8.707.808
4,660,538
Atlanta
Nashville.
Norfolk
Augusta
Rook
Jacksonville
Total Southern.
Total all
Outside N. York.
+48-71
+28-1
+16-S
-8-4
+28-4
+o-i
+16*4
4.088.10.'
1.468.3761
1,480 61*)
3746S9
1,780 115
600.035
1,100,000
800 000
786.000
788 343
366.86 i
220 45-
111.6-8.168
80.180 236
2.186 450.832 1,718.268 PM
2 609 028
2 509 062
2 166 688
+ 3-6
13,228 016
7,226 854
4,603. f 00
5,800 000
4,888.479
8.440 064
1.486.648
1,603,177'
1,008000
866 901!
487 258
+818
31618 8H5
2 491602
1.811.031
1,160,000
Chattanooga
046,86*)
3,211082
1,850 000
766 2H8
Knoxvllle
Fort Worth
1.658.670
l,18«.2i 8
47,374 620
16,947,417
8 834 638
Lonls
Orleans
New
+ U-4]
+20>
+8-8
1,876.601
1,121,088
886.887
675 818
476.406
110.182
3.940607
3.053,267
2.866.406
2,861.868
1.788.007
1,166 978
1.608 0rt7
2.393 806
+12
+ 12-0
1
+61-2
+6»--»
+487
+38-8
1
S«2 HO
640 660
003 380
886 119
838 903
638 169
610.000
418 867
371. 6BT
800.000
667 711
8^8 0-8
21*82(1
+28-.1
+3i)-4
_+65-l
+i»*6
L
00.480.740
787 270.088
084.188
1.818.874
681 578
^880
76 837.081
1
102.171.081
811458.086
649.174 480
+86-4
706.516,106
651073.454
30 978 043
11 466 085
16,273 484
11,804 066
2.745 778
1,686 671
76f.80l
778.061
+28*0
looeaoTo
16085.633
4,668 COM
1.000 000
814, SCO
838 687
758011
828 188
-8*5
+16-8
I n tot
CAKADA—
Montreal
Toronto
Winnipeg
Halifax
Hamilton.
John
Vlotorla
960 676 763
+6»-fc
520.421
St.
In total.
In tot al.
8188.149
180,616.070
14.887.860
7.722.782
11,298 682
6,888.771
4.018,700
9S-7.933
Macon
+28o
-MTM
+35*8
+28*8
753.700
787.150
313 803
8.604875
Birmingham
isea
182,878,188
180 264,680
18,168 450
1.400.0UO
24,850.816
3,880.492
8,688.701
City.
Fargo
Sioux Falls
Total Pacific
Little
1901.
170,216,445
2,807 871
1,550.650
977,875
674.481
304.836
St.
9.
+18*7
-I-41-8
St.
Week ending November
683468
150,000.114
1,062.782
+7*6
We
757,852
318.520
1,623743
0.380.804,108
present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Nov. 9, 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 24*8 per cent. Outside of New York the increase
over 1900 is 26*4 per cent.
+8 1-4
Not Include d
241,050 820
1,000.810
610,387
8.775.060
(3,605.919,333
night.
802,498
808,761
185,687
103,460
1618,977
Spokane
Tacoma.
Helena
Omaha
We
652,761
814 100
468.884
883 130
363,486
33H.077
166,187
116,888.898
6.013.80*
2.408 837
1.614.041
1,721,036
1.604.741
1.644.890
884.880
746.746
7,288.800
2.470.656
1,682,321
1.667,088
1,829 8 <!0
+20*8
-5*o
-8-8
+80-4
+81-7
-7-2
+7-6
-14-0
Seattle
+8-0
+6-6
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
686.450
528,088
878,042
150 629.968
+ 16-6
+18*0
+68-0
+81-6
+44-7
Lake
Portland
Los Angeles...
(1,903.536.719
488.767,889
full details for
168,277,839
10,633.600
12.807,769
18 565.818
6 608 30 i
6.747,800
4.943.560
1,888,001
1.610 5*6
1,812 055
1,206.900
1,028,558
18D8,
18 190.870
8108 711
2.880 000
2.130.493
2 871 800
Salt
460,16-1,917
(3,055,781.008
.
day
all cities
+6*3
-12-3
+7-5
-6-4
+17-5
+28-4
+1-7
44,053439
8eTenoltles.fi days
Other oitiei, 6 dan
all oities. 1
18,011,819
(1,896,493.190
181.080,017
84.718,613
81,517.080
181,499.804
35.671,550
12,884,033
11,877,083,886
114,898,811
01.083,087
20,168.085
119,778,353
Boston.
Philadelphia
P. Cent
1900.
1801.
170,678.838
1809.
P. Cent.
+13-7
8,088737
618674
Ill
Akron
Kalamazoo
CLEARING HOUSE RETURNS.
183,740 817
6,800 000
1,359,558
1,012,868
497,161
Yonngstown
Springfield.
158,119.752
6 860,800
2,524.848
1,778,186
1.489.02S
1,711,218
1,689.842
962,166
577,162
449,586
532,810
2 880 938
2,487 060
1.873 884
Peoria
Hvansvllle
Corner of Pearl Street,
Post Office Box 958.
Indianapolis
1901.
1900.
Vanoouver
Quebec
Total Canada
1.188.708
1.650.135
...
42.113 780
1.010 020
Not Jn
35 308 700
+ ••4
11'
8'..'
+80-7
+12-8
8 862 893
+ 0-3
+ 7-7
808 1)14
758 713
783 374
~+8
-4
1,707.006
8 128.607
2 648.180
1.86T.H81
726 880
688 088
1.836.728
785.186
628,888
88.546 881
33 318.082
al
THE CHRONICLE.
1030
STREET RAILWAY SUPPLEMENT.
A
new number
ment, revised
The
day.
of our
to date,
is
editorial discussions in
the
also that
IN ENGLAND.
are told that there
The
SITUATION.
made
week, which in
large measure help to fill out the details of the settlement we stated last week had been reached of the
further disclosures
this
matters in dispute affecting the railroad situation in
the Northwest, have greatly added to the interest felt
in the arrangement and put in clearer light its wide
scope and usefulness. We have given in our department of General Investment News to day all the facts
that have thus far been
when
promises,
breadth
and
developed.
unfolded,
fully
The scheme
show greater
than had been
to
completeness even
This seems to
be true not
involved, but also
generally anticipated.
only of the immense interests
permanent
character
respect
to
the
in
of
arrangement.
Results
affording
ground
for so
the
much hope
go far to reconoile the
public to the heavy co3t it has had to pay for the
Chicago Burlington & Quincy purchase. The outcome recalls that undertaking and all that has since
occurred following on its trail. To be sure we have,
by a miracle as it were, reached safe anchorage at
last
a consummation which bids fair to prove a great
and lasting benefit in an industrial way. But has not
the road traveled been a risky and rough one, not encouraging to future ventures of a like character ?
will, if realized,
—
Gold exports, the money market andj Government
surplus receipts have been the dominant influences
affecting security movements this week
That is to
other
surroundings
all
have been for the time
Bay,
being subordinated to those which tend to deplete our
bank reserves and reduce, and so make more discriminating and scarce, loanable funds.
We do not mean
that money has been the only power; it is never true
that the forces operating in Wall Street are confined
to a single agency, but
influences
become
often a fact that potent
secondary, or as it were dormant,
it
is
while a more immediate influence leads to action.
We had an obvious illustration of this situation Thurs
will
record even more
such a scarcity of exchange
is
unintentional corner has de-
veloped.
A
telegram from Washington states that delegates
representing ten Chambers of Commerce had an interview with President Roosevelt Wednesday, urging
upon
HE FINANCIAL
December
that a temporary and
THE TRAMWAY— STREET MAINTENANCE.
ECONOMY BY PRESERVATION OF PROPERTY.
THE PASSING OF THE HOR3E CAR.
GREATER PROTECTION AGAINST ACCIDENTS.
7
for
favorable results than the October statement, and yet
Supplement we
embrace the following topics
TRAMWAYS
were larger than October of any other year in the record except in 1900. No doubt the November report
Street RAILWAY Supple- and
sent to our subscribers to-
[Vol. LXXIII.
secure
him
to
use
all
efforts
in
his
power
to
with Canada.
Apropos of this subject of reciprocity was a very enthusiastic annual meeting of the Canadian Manufacturers' Association held in Montreal last week.
The
closing session was in the evening of Wednesday, November 6, at the dining hall of the Windsor Hotel in
that city, and was reported to have been a brilliant
affair.
The speeches of the Premier, Sir Wilfrid
Laurier, and of Mr. R. L, Boiden, the leader of the
Opposition party, were the events of the evening.
The members of the convention were evidently
friendly to an amendment in the direction of larger
protection of the existing Canadian tariff, but neither
the Premier nor Mr. Borden expressed himself
squarely as favorable to such a proposal, though each
said he believed in the most ample protection to the
industries of the Dominion.
Reciprocity, however,
had no advocate. The Premier remarkt d that the
Goverrjment was not sending any more delegations
to Washington, indicating that reciprocity was a
past issue, and the announcement was received
with general applause; he was rather of the opinion
it would not be long before delegations would be
coming from Washington to Ottawa. The inference
was that as the Dominion cooled in its desire for closer
trade relations, the States would grow in eagerness.
All speakers expressed new hopefulness in Canadian
industrial development and in the general prosperity
of the country.
Sir Wilfred Laurier said he had
lately traversed the Dominion from end to end, and
he had found general signs of progress. In the Northwest he had noticed a new movement. During the
last sixty years the flow of population had been from
north to south, but now it was from south to north,
and Canada was receiving thousands of hardy yeomanry from the United States. It may be that the
United States has disregarded Canada's smile so long
chat a situation has now been reached when although
Barkis "is willin " Peggotty u not.
a
reciprocal
trade
treaty
The phenomenal activity in the iron and steel trades,
which continues to be one of the most noteworthy
features of the times, is reflected in the monthly figures of iron production which the "Iron Age" of this
ern stocks, a free selling of
those securities city has published this week. Our contemporary finds
took place, because for the
time
being ex- that during the month of October there was an addigold
was going out free- tion of 13 to the number of active furnaces, and that
change was strong,
ly,
and the general outlook for the near fut- the weekly output was further increased nearly 13,000
ure of money was uncertain. In connection with tons per week (or at the rate of 650,000 tons per
this movement of gold and the very strong con- year), the weekly capacity now being 320,824 tons,
dition of foreign exchange, it is of interest to note the against 307,982 tons on the 1st of last month.
trade figures for October which were issued this week. At
320,824 tons per week the production far
It appears that although merchandise exports in surpasses the highest previous total reached in the
October 1901 fell off, compared with 1900, about 17| country's history. It will perhaps be recalled that it
million dollars, and imports increased about 10 million was not until the 1st of May of the present year that
dollars, there was still an excess in exports of 64£ mil- the weekly output for the first time reached 300,000
Ion dollars.
Moreover these exports in October 1901 tons, the report then showing that the make of iron
when
the face of news which showed arrangements perfected that promised not immediately,
but in coming years, added value to Northwestday,
in
November
16,
THE CHRONICLE
1901.]
1031
was 301,125 tons per week. The next month there
was a further increase to 314,605 tons, but after that
the output again decreased, the production Sept. 1
the balance Bheet by an increase
company did
institution after its suspension.
from $3,685 275 on
August 3 1900 to $4,221,649 on August 31 1901 in
the amount of the stock of raw materials and fiaished
being down to 299,801 tons. From this there has products carried over. Chairman George A. Morrison
been an advance the last two months from 299,861 In his remarks points out that this is due to the fact
At the latter figure the pro- that products were higher in value and also somewhat
tons to 320,824 tons.
duction is at the extraordinary rate of 16£ million greater in quantity than last year. The most imtons per year. These are gross tons of 2,240 portant fact, however, is his further statement that
pounds, and it will perhaps give a better idea since the cIobo of the fiscal year the goods on hand
of the magnitude of a total of 16£ million tons have been marketed at a profit over the price at which
to say that, expressed in pounds, it represents an ag- they were inventoried.
gregate of over thirty-six thousand million pounds.
There was no change in the official rates of discount
The most striking and most significant feature, however, in connection with this expanding output of by any of the European banks this week, and the
One
iron is that in the face of such expansion the total of open market, or unofficial, rates were steady.
stocks (sold and unsold) keeps steadily shrinking. feature of the week was a rise in Paris exchange on
The deorease in stocks the last month has been par- London to 25 francs 14 centimes, and a decline io the
The figures never include the price of gold in the London bullion market to 77s.
ticularly marked.
works producing their own iron, lOJd. per ounce for bars and to 76s. 6^d. for Amerithe
steel
holdings of
but the same furnaces are represented as in former can eagles, these movements indicating comparatively
months, and hence it is a noteworthy fact that be- normal exchange conditions at the French capital
tween October 1 and November 1 stocks were far- and less urgency in the demand for gold at London.
The statement of the New York Associated Banks
ther reduced from 361,593 tons to 273,251 tons.
According to the "Age/' too, it appears likely that last week showed a much greater loss of cash than had
this small total of stocks will be further trenched been estimated, the decrease being $3,703,700, of
upon the present month, since so many furnaces have which $1,124,500 consisted of specie and $2,579,200
had their operations hampered by inability to secure of legal tenders. The effect of this disclosure was,
a sufficient supply of coke, owing to the serious short- however, to some extent counteracted by the reducage of cars. Altogether, the strength of the iron and tion of $4,927,900 in loans. Deposits decreased $7,steel markets is not difficult to explain.
643,300 and the surplus reserve was reduced by $1,792,875, to $8,689,925. Among the disbursements by
The American Cotton Oil Company in its report the Treasury this week, which will probably be refor the year ending August 31 1901, submitted this flected in the bank statement, was the payment on
week, does not show as large net earnings as for the Monday of a check drawn by the Comptroller of the
twelve months preceding, but the reasons for this are Currency for $1,400,000, representing the amount
well known, and are also fully explained in the report, collected by the receiver of the Seventh National
which is in the same form as in previous years. Ex- Bank while he was administering the affairs of that
pressed in brief, the
— in fact the largest in
a larger
volume
of
— but real-
L
The
exports of gold
Europe amounted to $4,602,770 13, which was forized a smaller margin of profit from it; conditions in warded to Paris by the steamer sailing on Thursday.
the cotton-oil trade having been unfavorable. The Of this amount $1,001,767 58 was shipped by Heidelbusiness
its
history
to
bach, Ickelheimer & Co., $1,064,039 47 by Lazard
which was not war- Freres, $1,007,097 89 by the National City Bank, $1,ranted by the prices obtained for finished products. 029,587 28 by Goldman, Sachs & Co. and $500,277 91
Notwithstanding the smaller net earnings, the com- by the United States Mortgage & Trust Company.
pany was able to meet the interest on its debentures This makes $39,848,314 28 exported to Europe since
(which were extended during the year at 4£ percent) the beginning of the year. Payments for unmatured
to pay the full 6 per cent dividends on the preferred bonds at the Sub-Treasury this week were $3,069,shares, and also 2 per cent on the common stock, 664 96, making $50,318,724 21 si ace April 2.
and to carry forward a surplus of $75,199 to the
Money on call, representing bankers' balances, loaned
credit of profit and loss, on the operations of the
twelve months. The report states that no effort has at the Stock Eichange at 5 per cent and at 3 per cent
been spared to keep the physical condition of the during the week, averaging about 4J per cent. On
properties up to the highest standard of value and Monday loans were made at 4 per cent and at 3J per
price of seed advanced to high figures, putting the
coat of the
raw material at a
level
pointed out that sinoe the reorganization of the company in 1889 $4,389,534 has
been spent in repairs, betterments and maintenance
and charged to operating expenses. With these large
outlays the net remaining profits for the last four
years, after paying interest on the debenture bonds
and 6 per cent dividends upon the preferred stock,
have been, the report says, $3,093,412, out of
which $2,529,637 has been applied to dividends upon
the common stock (being an average of 3} per cent
per annum) and $563,775 has been added to working
The appearance of a new item in the balance
capital.
efficiency.
It
is
Tuesday transactions were
per cent,
at 5 per cent
with the majority at 4+ per
and
On
at 3|
cent.
On
Wednesday and on Thursday loans were at 5 per cent
and at 4 per cent, with the bulk of the business at 4$
per cent.
On Friday transactions were at 5 per cent
and at 3 per cent, with the majority at 4£ per cent.
Banks and trust companies have loaned at 4$ percent
as the minimum, and some of these institutions on
Thursday marked up their loans to 5 per cent. Time
contracts are freely offered, but the business
is
small,
commission houses generally appearing to be well
We refer to the provided with money which they borrowed in the
payable reported outstanding on summer for periods which will not expire until the
This is offset on the other side of end of the year, or in January. Rates are 4 per cent for
sheet perhaps deserves explanation.
$1,000,000 of bills
August 31, 1901.
cent, with the bulk of the busiaes3 at 4 per cent.
THE CHRONICLE.
1032
dividend securities, 4]@5 percent for good mixed
Stock Exchange collateral and 5@5£ per cent for a
general assortment of industrial security for all
periods from sixty days to six months.
There is a
little
better supply of commercial paper in the
market, but the local demand is light and the business is chieily confined to out of town.
Rates are 4.\
@4f per cent for sixty to ninety-day endorsed bills receivable, 4£@5 per cent for prime and 5^@6 per cent
for good four to six months' single names.
all
England minimum rate of discount
remains unchanged at 4 per cent. The cable reportB
discounts of sixty to ninety-day bank bills in London
3i per cent. The open market rate at Paris is 2£ per
cent, and at Berlin and Frankfort it is 3 per cent.
According to our special cable from London the Bank
of England lost £259,266 bullion during the week
and held £34,924,384 at the close of the week. Our
correspondent further advises us that the loss was due
to the^export of £283,000 (of which £163,000 were to
The Bank
of
Argentina, £50,000 to the Cape, £50,000 to Denmark
and £20,000 to Malta), to the import of £17,000 from
Australia and receipts of £7,000 net from the interior
of Great Britain.
The
sterling roBe one- quarter
week, influenced by a more or less urgent demand to remit for stocks sold for European account,
and to repay exchange loans, some of which were, it
is reported, negotiated to provide funds for carrying
the Northern Pacific securities which were returned
There was
to this country from abroad in the spring.
also a special inquiry to cover exchange, the delivery
of which had been contracted for this month at much
lower prices than those which are now ruling. Though
there was a good supply of commercial bills against
cotton early in the week, these, as has recently been
the case, were promptly absorbed without affecting
the market. It is noteworthy that no exchange was
sold against the exports of gold this week, the metal
being forwarded in direct settlement of maturing contracts, because exchange could not be obtained for
this purpose, owing to its extreme scarcity, which
condition had the semblance of a temporary and unThe rates ruling for
intentional corner in exchange.
the
point at which gold
sterling were fractionally below
could be sent to London and the rates for French exchange on the British capital were so high, owing to
the recent
demand
been drawn
with the intention of covering
for
it,
that
if
sterling bills
had
them with
the proceeds of Paris exchange on London, as was
done during the last two weeks, the operation would
84^@4
84$,
eighths of a cent, to 4 88^@4 88£. The bid quotation for sight sterling remained unchanged at 4 87£,
but the asking price was moved upward one eighth of
a cent, to 4 87£.
On Wednesday long sterling and
were unaltered, while the bid quotation for
a cent, to 4 87^.
The
market was strong, however, and on Thursday there
was a rise of one-eighth of a cent in long and short, to
4 84g@4 84| for the former, and to 4 874 @4 87f for
the latter, while cables were unchanged. The tone
was then quite strong, and it was firm on Friday,
when sight rose one-quarter and cables one-eighth of a
cent.
The following shows daily posted rates for exchange by some of the leading bankers.
cables
sight advanced one-eighth of
DAILY POSTED RATES FOB FOREIGN EXCHANGE.
MON.,
Fri„
Nov.
Brown
(60 day«
Bros....
Baring,
(00
MagounACo.
81ght...
J
60 day
1
Bight...
}
60 day*
No. America..
Ban*
of
Montreal.
Canadian Bank
Commeroe.
,
dan
\
Bank British
}
Sight...
(
60 day*.
1
Sight...
Hetdelbaeh, Iok (60 days.
elhelmer St Co J Sight....
Lasard Freres.. (60 dayi.
Sight...
(60 day
Merchants' Bk.
of Canada
18ight....
The market
8.
Nov.
84*
488
4 81*
488
4 84*
4 87*
4 84*
4 87*
4 84*
4 87*
4 84*
4
Sight...
J
\
this
a cent, to 4
ot
and cables, influenced by a demand to remit for the
semi-monthly settlement in London, advanced three-
of
foreign exchange market has been quite strong
[Vol. LXXIII.
4 68
4 84*
488
4
4
84*
87*
11.
toes., H'ro., Thur., Fri.,
Nov. 18, Nov. 18. Nov. 14 Nov. 16.
84*
84*
84*
86
68
88
88
88
8S*
84*
64*
84*
88*
84*
88
88
t8
84*
87*
84*
87*
84*
87*
84*
84*
84*
88
88
84*
84*
88
84*
87*
84*
*8
!&*
88
84*
87*
88
86
w*
f8*
84*
88*
84*
88
88
88
§**
84*
84*
88
84*
68
86
88
86
88
88
88*
88*
64*
84*
86
86
88
88
84*
87*
84*
68*
64*
88*
84*
68
88
88
86
84f@4 84f for long, 4 b7£&
4 87| for short and 4 88£@4 88^ for cables.
Commercial on banks 4 84@4 84£ and documents for payment
4
closed at 4
84$. Cotton for payment 4 83£@4 83£,
acceptance 4 84@4 84^ and grain for
83i@4
cotton for
payment 4 84£@4
84$.
The following gives the week's movements of
money to and from the interior by New York banks.
Week Ending November
15. 1801.
Received bv
SMwed
N$ t
bv
N. T. Bank*. N. T. Banks.
Currency,
sold
Total gold and legal tenden.
Inttrior
Movement.
47,884,000
14,486.000
1,147,000
884.000
Gain. 12,878.000
Gain.
318,000
»8 611.000
15,309.000
Gain. $3 202,000
With the Sub-Treasury operations and gold exports
the result
is
as follows.
Week Ending November
Banks Interior movement, as above
Sub-Treasury oper. and gold exports
Total gold and legal tenders.
The
Outof
Banki.
18.511,000
Net Chant* in
Bank
16309 000
24,300,000
28,800.000
$82,811 000
$33,609,000
following table indicates the
In the principal
Holdine*.
Gain 13.2(8000
Loss 4,000,000
Loss.
amount
$798,006
of bullion
European banks.
November
Bank
InU
Banks.
16, 1901.
14, 1901.
November
16. 1908.
of
Sold.
Silver.
Total,
Sold.
Silver.
Total.
most likely have resulted in a loss. Therefore un1
4
*
X
covered shipments of gold were made to Paris, this
84,994.884
84,984,384 81.918.0f0
81.918,060
96,784,367 43,947,749 189,782,106 92 104,077 44,426,691 136,580,698
course involving the least unprofitable outlay.
Whataermany *.... 29,888,000 15,370,000 45,808.000 26,066.000 13.488.000 39,494,000
ever loss shall be incurred by the exporter will most
67,014,000 5,881,000 78,896,000 70,711,000 6.068000 76,769.000
46,691.000 10,798.000 66,474.000 38.096.000 9,669.000 47,795.000
A.ni.-Hnng'j
+
likely be reimbursed by the parties for whose account
14,007,000 16.906,000 30,918.000 13,797.000 16,360.000 80.157.000
Spain
16.933.000 1,969,900 17.802.900 15.416,000 1.676.000 17,098.000
the shipment was made. The Assay Office paid $966,- Italy
6,741,500 5.866 100 11 697,900
Netherlands..
4,874.000 5455,000
Gold received at the Nat. Belg'm * P.124.000 1.668.000 4.688,000 8,860,000 1.435.000 10,399,000
627 60 for domestic bullion.
4,275,000
Custom House during the week $123,166.
rot.thls week 318,047.241 102286049 414.333 390 296,882.127 99,527,621 394,359,748
Nominal rates for exchange are 4 84|@4 85 for Tot. orev. w'k 3U.401.S15 102054784 413.455.999 894 883 418 98,582,611 S92.9ti6.029
" The division (between gold and sliver) given In oar table of coin
Rates for actual
sixty day and 4 88@4 88£ for sight.
and bullion In the Bank of Germany and the Bank of Belgium Is made
business opened on Monday at an advance of one- from the best estimate we are able to obtain; in neither oasels It
eighth of a cent for long, compared with those at the claimed to be acourate, as those banks make no distinction In their
weekly returns, merely reporting the total gold and silver, but we
close of last week, to 4 84@4 84^, while short and
believe the division we make is a close approximation.
cables were one- quarter of a cent higher, at 4 87^@
+ The Austro-Hungarian Bank Statement Is now Issued In Kronen and Herer Instead of Gulden and Kreutzer. The reduction of the former currency to
sterling
£ was by considering the Gulden to have the value of 60 cents. At
4 87f for the former and 4 87f@4 87& for the latter.
the Krone has really no greater value than 20 cents, our cable correspondent In
London, In order to reduce Kronen to £. has altered the basis of conversion by
The market was strong and on the following day long dividing
the amount of Kronen by 24 Instead of 20.
November
THE CHRONICLE.
Hi, 1901.1
LOi
method, and do not think anything in the
long run has ever been gained by it. At its best, after a
term of more or leas length, the end-up is sure to be a
New
England
haa
in
industry
return of the same old depression, the mills ilounderThe cotton-spinning
had a further shake-up the past ten days, though the ing again under a new and larger accumulation of
The disease is, too many spindles for full
final outcome appears to be a full justification of the goods.
Treasurers.
Mr.
course pursued by the Fall River mill
home consumption; the pegged price and temporary
Borden, it seems, gave out a notice last week Thurs- activity have led to an aggravation of the disease, that
day directly reversing his attitude with reference to is to more spindles, or to a delay in seeking and obWhen he raised taining the true remedy, the development of outside
labor and the print cloth market.
then
on top of that markets.
wages in his mill five per cent and
another five per cent, although the other mill manThere are movements in progress at present that have
agers considered the policy highly harmful and dis- as their purpose to equalize labor wages in the textile
turbing, no one liked to criticise the act, for he was a factories of the North and South which have a promise
large buyer, and had on former occasions apparently of success. To-day labor in Northern mills as a rule
assumed a considerable risk by making free and receives higher rates, works shorter hours and includes
timely purchases which were followed by an improved fewer children than in the South. These are importmarket. It might turn out, too, that conditions ant differences which help to account for the more
would conform to and so justify these advances, or advantageous condition of the spinning industry in the
that higher wages were simply a method adopted by a cotton States, and cover a feature which we have long
free-handed operator of distributing past profits said would in the nature of things sooner or later be
among his employes which no one would desire to eliminated by a rise in the South to wage conditions
The rapidity with which
criticise.
prevailing in the North.
But from the first it appeared to the other Fall spindles in the cotton States have been multiplying
River mill managers not to be a busines3-like pro- makes the adjustment more imperative, and is conseceeding at all, which they could imitate, for they quently hastening the event. Of course as the quanwere as one in affirming that goods could not with tity of goods put on the market from the South has
profit be made on that basis and sold at the market increased
goods which have been manufactured at a
Mr. Barden's recent notice would indicate labor cost less than paid at the North the more severe
price.
that he has adopted the same view, for it states that the pressure on the Northern mill manager becomes to
"the wages of the Fall River Iron Works Corporation bring his factory, in that particular at least, on equal
will be reduced" Monday, November 18th, "10 per terms with the Southern manager for competing with
cent, to the scale prevailing prior to the recent ad- the Southern makes of goods.
Every such disability
and
his
reason
because
he gives as
the man- tends to the accumulation of stocks of manufactures
vances,"
agement of kindred mills have continued at the old at the New England mills, and that in turn serves to
In addition to this notice a telegram an- depress wages in Northern factories, and to a suspenrate.
nounced that Mr. Borden was offering through his sion of work periodically. All of these conditions are
local representatives at Fall River to sell print goods to the disadvantage of the employes.
to any one who would buy them at 2 15-16 cents, or
The efforts making which will aid in regulating
Monday wage differences is seen in two movements which now
l-cent below his bid of the previous week.
(November 11th) this offer was withdrawn, Mr. Bor- show some activity. Next week, Monday, November
den's brokers saving that he had no goods to sell and 18th, the annual convention of the American FederaWe suppose the incident, tion of Textile Operatives begins its session. This year
did not wish to buy any.
DIFFICULTIES WHICH JUST NOW BESET
COTTON MA N UFA CT URINO.
id that
—
consequently,
may now
be considered closed.
—
It has
that body meets at Washington.
differ-
almost looks as if there must be some
mistake in this averment. There certainly can have
been no intent to publish an erroneous assertion, and
it would seem hardly possible that any error can have
been made this we say because the appeal is signed
by Ex-Governor Thomas G. Jones of Alabama, by the
Hitherto the South
operated all the way through as an unsettling influ- has not affiliated with thisorganizition, but now it is
ence in the cotton-spinning market for cloths and for stated that all disagreements have been removed and
wages. Every one interested in the print cloth trade that Southern operatives will be represented, and the
will be pleased to have the disturbing cause re- organization
thereby become national. Of course
moved, although for the moment it leaves the print this new situation is by no means to be understood
cloth market unsettled and lower as all such med- as settling the question of an equality of wages in the
dling with industrial affairs does affairs which ought two sections. That will be a matter requiring time to
to be left to natural influences to adjust themselves.
adjust.
It is, though, a first and decided step in
It should perhaps be said in connection with the that direction.
foregoing that Mr. Borden thoroughly believes in the
Another movement which tends to show that
wisdom and efficacy of the policy of pegging prices, the labor differences are in a state of fermenand has on several occasions bought goods in large tation
"To
is
the
publication of an appeal
amounts at rates higher than those ruling in the open the people and press of New England" which
market, thereby relieving the mills from the pressure has originated in Alabama; it relates to the emof a cumbersome unsold stock.
Twice at least some ployment of children in the cotton mills of the
such purchase made by him has been followed by a South and makes this remarkable statement that in
term of activity in the trade. Mr. Borden, we believe, u the mills representing Northern investments the
sought at first on this occasion to do the same thing number of such children employed is twice as great as
which, as we have said, had been successfully worked the number found in the mills controlled by Southern
—
when previously
—
tried; ^but the situation
was so
ent that there was no response on the part of the
public to the effort.
Pegging price added to a purchase which substantially absorbs current stock will
for a time
when
able stimulate
the surroundings are every way favor-
demand.
We
do not, however, believe
capital."
It
;
THE CHRONICLE.
1034
[Vol. LXXIII.
Interest cf
course
centres
Rev. Edgar Gardner Murphy of Montgomery, by the seriously curtailed.
mainly
Philips,
and
thia
on
the
in
corn,
since
is
such
II.
loss
an
importJ.
State Superintendent of Schools
others.
It appears that this appeal is a part in a ant item of traffic with Western roads and such an
movement making in Alabama to effect legislation indispensable article on the farm. The reduction in
yield, however, has not been confined to that staple,
regulating the employment of children in that State.
Altogether, affairs in the cotton goods trade appear but extends to the other chief grain and food crops.
On the Take potatoes, for instance. For the current year the
to be working towards a more secure basis.
confidence in the efficacy of the
practice of pegging prices would be a highly importThat method, by securing for the
ant point gained.
time being to the spinner an unnatural profit, stimu-
one hand a
loss of
Bureau makes the average
yield per acre of
potatoes
only 59-9 bushels, as against an average yield per acre of
80-8 bushels in 1900, 88-6 bushels in 1899 and a ten-
78 7 bushels. The present indicated
yield
per acre is reported the lowest since 1890. In
lates a rapid multiplication of spindles in the North
and South at a period when spindles are already in oats, too, the effects of the extraordinary weather
excess.
There Is but one way to relieve a recurring conditions are seen in a large falling off in the esticongestion in the goods market, and that is by enlarg mated production per acre. The figures for thi3 crop
ing the demand. New markets for the surplus is the appeared in the return for the previous month, and
outlet needed.
The
point to study
is
how
these mar-
year average of
-
the yield per acre was estimated at 25
kets can be cultivated and opened up.
So also the movement to equalize wages in the
compared with 29 6 bushels at
Northern and Southern millB is progress in the right
There are other
direction and should be encouraged.
advantages manufacturers in the cotton States enjoy
which are natural and unchangeable. To help and
hasten this wage movement legislation might, with
advantage to the industry in the New England States,
be modified in some degree. The remainder of the
work will have to be left to labor unions, and that
agency, as we have seen, is getting to work.
the
date in 1900, 30-7 bushels in 1899
mean of
The most
the corresponding
and 27'2 bushels
the estimates for the last ten years.
serious loss, of course,
found in the
of great magni-
is
Here the falling off is
The Bureau makes the preliminary estimate
case of corn.
tude.
1 bushels, as
but 16-4 bushels
per acre, as compared with an average yield of 25*3
bushels per acre in 1900 and 1899, and a ten-year
of the yield of this cereal for 1901
average of 24*4 bushels.
The present
per acre, the Statistician saye,
is
indicated yield
the lowest general
average ever recorded for this cereal, being 2-2 bush-
per acre below the yield in 1881, which for twenty
In Kansas,
els
THE CROP SHORTAGE OF
The
report issued this
1901.
years has stood as the lowest on record.
week by the Agricultural which suffered beyond
all
other States from the disas-
Washington on the crops of the current trous drought, the yield is put at but 7*8 bushels, and
year should furnish a pretty good indication of what in Missouri, which fared only a little better than Kanthe Bureau's final estimates of yield for 1901 are sas, at 10*1 bushels, while for Nebraska the estimate
Bureau
at
likely to be.
As such they
are invested with con-
Of course the November report is always interesting by reason of the fact that
it foreshadows the probable figures of yield, but the
present season it attraots unusual attention owing to
the known impairment of the harvest on account of
the unprecedented drought experienced during the
A decritical period in the growth of the crops.
siderable importance.
is
14*1 bushels per acre.
These figures for corn are taken to point
gregate
crop
of,
to
an ag-
roughly, 1,360 million bushels, as
against 2,105 million bushels in 1900 and 2,078 million
bushels in 1899, the contraction thus being over 700
The
million bushels, or fully 35 per cent.
oats crop,
based on the figures of yield per acre, works out 661
million bushel?, there being here a loss of nearly 150
cided shortage in the harvest of the leading crops million bushels more, the crop of 1900 having been
being an admitted fact, the question has been mainly 809 million bushels, and that of 1899 having been
On that point 796 million bushels. The probable size of the wheat
as to the extent of the shortage.
opinions and estimates have differed widely, not a crop the Bureau has not yet attempted to indicate,
few leaning to the theory that the accounts of the
damage done which came at the time the drought
The Agricultural
prevailed were much exaggerated.
Department, however, in the present report, as in all
previous monthly reports issued by it during 1901,
It will be
takes the most unfavorable view possible.
Statistican
does
not
as
yet ununderstood that the
Such
dertake to give totals for any of the crops.
though that crop is known
to have been greatly in excess of the wheat yield
of either 1900 or 1899, and possibly the very largest
crop on record. Probably 700 million bushels will
prove not far from the correct total, at which figure
as already
observed,
the comparison will be with 522 million bushels for
1900 and 547 million bushels for 1899. Bringing
these figures together, and adding barley and wheat,
data will not be furnished until the close of the year. we have the following summary of the harvest of these
He does, however, give preliminary estimates of the crops, separately and combined, for the last five years.
CHOPS OF WHEAT, CORN, OATS, BARLEY AND EYE.
average yield per acre (except in the case of wheat,
where the figures as in other years are withheld), and
the acreage having previously been reported, the two
together afford a result which is likely to accord very
closely with the actual total.
The fact which stands out prominently in a review
now made is that the agricultural outturn for the year has on the whole proved decidedly
poor.
And this must be the conclusion even if one
does not accept the extreme estimates of loss adopted
by the Government. Except in the case of wheat,
the production of all the leading crops has been very
of the report
Total
Production.
1901.
Bushels.
Corn ...
Wheat.
Oats....
Barley..
Rye
Total
1900.
1899.
1898.
1897.
Bushels.
Bushels.
Bushels.
Bushels.
1,369.626,000 2,105,102,518 2,078,113,933 1,924,184,660 1,902,967,933
j
700,000,000
660,766,000
522.229,505
647,303,846
809,195,989
796,177,713
70,681,000
23,573,000
68,925,833
78.331,563
23,961,741
23,995,927
530,149.1'
676,148.705
730.906,643
65.7B2.257
698,767,809
e6,685,127
25,667,522
27,368,324
2.814,688,000 3,619,879,770 8,518.9HP,?Pfl 3,411,689.78713,225.983.361
Thus even with the improvement
in
wheat, the
aggregate yield for 1901 of these five crops falls 700
million bush.below the corresponding totals for 1900]and
1899, this year's footing being 2,814 million bush. against
3,519 millions in 1900 and 3,518 millions in 1899.
November
THE CHRONICLE.
16, 1901.]
Dealing more specifically with the corn figures, ub
apportioned to the different States, the decrease in
Kansas and Missouri is naturally found to be strikingly large.
The two
harvest only 12G
States,
it
estimated, will
is
million bushels, as against 34
mil-
1
It is
1035
fortunate that the
tural yield
is
present deficient agriculnot coincident "with trade depression.
That was the situation
in
1894,
and accounted for
the Berious reverses our carrying interests and all
other departments of business sustained at that time.
in 1899.
Now we
much the same,
activity.
have unwonted activity in trade, which is
The decrease also extends to the smaller corn- produc- serving and will probably continue to serve to the
ing States in the Southwest, the Indicated yield for end of the crop season as a counterpoise to the ill
Texas being less than 55 million bushels, as against effects of the crop shortage. Aa far as the Southwest
over 81 million bushels in both 1900 and 1899, and is concerned, the further circumstance must not be
105 million bushels in 1898, and the yield of Arkan- overlooked that the oil discoveries have changed the
sas not quite 19 million bushels, as against 45 million whole aspect of things in that part of the country,
bushels in 1900 and 48 million bushels in 1899. and this must tend as an additional stimulus to trade
lion bushels in 1900
Turning
to the
and 400 million bushels
Northwest the story
is
modified somewhat for the better. Nebraska is credited with only 1L3 million bushels, this comparing
THE NATIONAL BANKRUPTCY LA W
SHOULD BE AMENDED.
with 210 million bushels last year and 224 million
The National Bankruptcy Law, a subject of the
bushels the year before. Iowa has suffered less than
any of its neighbors, and yet has a promise of only gravest importance, is a timely one for consideration
209 million bushels against 305 million last year. The at present, inasmuch as it will come up at Washington
Middle Western States prove no exception to the rule. this winter. Inquiry into the views of business men
Taking the tier of States east of the Mississippi and about it is now proceeding along three lines. The
National Association of Referees in Bankruptcy is
north of the Ohio that i3,Ohio, Indiana and Illinois
the aggregate of the 1901 product is but 287,814,000 acting at the request of the Chairman of the House
—
and 479,- Judiciary Committee the National Association of
and the special com051,000 bushels in 1899. Nor has the South escaped, Credit Men is doing the same
as is evident from the loss in Kentucky.
Here are mittee of the Merchants' Association in this city only
bushels, against 524,267,000 bushels in 1900
;
;
the figures for the leading corn-producing States.
Indicated
Production,
Illinois
Nebraska
Pro-
Pro-
Pro-
duction,
duction,
1000.
1899.
Bushels.
Bushels.
242,249.341
247,150,332
165,866,000
305.869,948
264,176,226
62.564,000
163,870,630
68,382,000
180,710.404
112,069,000
210,430,064
153,200.800
78,230,000
13,728,000
54.926.0C0
Ohio
Texas
Michigan—
237,621,222
162,916,064
224.373.268
1898.
Bushels.
264,999,850
199,959,810
132,842,048
154,731,486
Product ion.
1897.
Bushels.
220,089,149
232,928,0b5
162,442,728
158,764.666
171,923,882
241,268,490
141.852,594
129,154.572
109,825,320
106,890,188
90,048,816
92,165,580
81,962,910
102,828,139
105 336,700
41.9SO.000
69,267.224
81,151,398
69,997,760
66,392,687
85,177,243
64,485,744
45,780,000
32.707.9.0
40,255,875
46,190,135
44,866,116
18.703,000
45,225,917
48,087,140
46,365.220
84,277,000
49,647,240
41,686,365
35,327.425
35,580,560
33,645,183
36,880,000
38,888,460
26,476,850
33,340,604
31,201.086
26.862,000
31,794,708
31,172,272
30,532,000
25,840,880
56,997,880
40,072,000
Pennsylvania..
A
duction,
1901.
Bushels.
209,276,CC0
76,467,742
72,175,142
63,672,588
xXiutl ••••••••• 1,035,974,000 1,791,530,629 1,730.430.981 1,590,007,940 1,602,110,533
All others
323.662/00
Total U. S
We also
313,571,987
347,712,952
834,176,720
800,857,400
1,359,626,000 2.105,102.516 2,078. 143,9?3 1.924,184.660 1,902.967,933
add a similar table showing the oats crop in
the different States.
be observed that the
have a decreased corn crop
also have a greatly diminished oats yield.
On the
other hand, the States like Minnesota and the D tkotas, which have been blessed with an abundant
spring wheat harvest, have also been favored with an
improved oats crop.
States as
a
It will
rule which
OAT8 CROP FOR FIVE TEAKS.
OaU.
Indicated
Product'n
1901.
Illinois
Iowa
Minnesota..
Wisconsin
Kansas
Ohio
Missouri
Pennsylvania..
!
Pro-
Pro-
Pro-
duction,
1900.
duction,
duction
duction,
1898.
1897.
Bushels.
Bushels.
1899.
Bushels
Bushels.
Bushels.
93.229,000 183,642.884 127.27S.948
Pro-
88,803.679 92,798,496
108,719,000 130,572,1^8 126,985,749 123,428,126 103.721,100
53,915,000 41.907,016 52,688.416 68,298,57b 41,147,002
57.48l.0C0 61,971,552 67.687,H80 64,648,223 62.136,810
23,827,000 43,063,943 39,129,410 26,689,248 Hh.O^O.OSO
30,429,C00 40,840,634 32,945,976 27,724,160 29,907,392
9,386,00u 24.695,373 20,299,850 15,866,168) 22,078,166
22 623,00
38,000,872
39,148,082
27,098,902
New York
31,709,000
44,538,974
45,401,608
38,726,545
45,963,030
Miohlgan
Nebraska
Indiana
North Dakota..
south Dakota..
Texas
26,100,000
82,591,000
38.865,000
33,689,636
30,599,048
27,782,650
22,940,450
61,731,095
Total
from other trade organizations.
and advice of the business interests of the country at large, based upon experience,
is therefore in preparation, to be submitted to Con-
and
CORN CROP FOR FIVE TEARS.
Corn.
a few weeks ago appointed a sub-committee to procure
31,842,538
37,778.572
61,474,120
56,245,042
44,866,035
84,301,248
31,988.668' 33,706,582
19,660.000
6,299,284
17,987,670
15,060.691
16,963.000
12,653,286
16,332,278
16,126,578
11,397,141
1S.H47.6E6
11.394,000
28.278,282
17,1)67,975
21,121,631
16,811,150
All others
574,791.000 722.298,241 718,327,208 637,053,68b 617,987,197
85,965,000 86,827,748| 77,850,506 93,852,966 80,780,612
Total U. 8
660.756.000 809.125,989 796.177.718 730.906,643 098,7(57.809
collate opinion
digest of the wishes
gress.
The
English Bankruptcy Act, in 1542, was
quaintly entitled "An Act against such Persons as do
make Bankrupt," and cited in its preamble that
"whereas divers and sundry persons, craftily obtaining into their hands great substance of other men's
goods, do suddenly flee into parts unknown, or keep
their houses, not mindful to pay or restore to any
their creditors their debts and duties, but at their
own wills and pleasures consume the substance obtained by credit of other men, for their own pleasure
first
and delicate living, against all reason, equity and
good conscience." The Act itself did not belie its
title; it was "against" such persons, for it penalized
debt by visiting outlawry upon the debtor who absconded and imprisonment upon the one who did not.
The Chinese debtor's pigeon-English inquiry, "If no
havee, how can," had no force for the sixteenth-century English legislator. The debtor who had been
unable to keep square with the world while a free
could not find money in jail; yet the law made
no attempt to discriminate between honest and
fraudulent.
This feature is older than the sixteenth century and older than the first, for one
man
of
the parables
in
Matthew
relates
how
a
hard
compassion and " went and cast
him into prison, till he should pay the debt."
The spirit of the law was penal and revengeful, but
The statute of 1705
in course of time it mellowed.
made failure to appear and answer, a felony, but rewarded appearance and honest answering by a discharge, and even by an allowance out of the assets.
Our four American laws have been relief laws, the
creditor refused
one being limited to five years in force and the
others providing discharge for debtors made by the
As one referee in
troubles of 1837, 1865 and 1893.
bankruptcy, Mr. W. H. Hotchkiss, puts it, the present
first
THE CHKON10LE.
1036
law might have been called an act to abolish old debts
and have been captioned thus: " Whereas many of
our citizens, through misfortune or speculation during
the recant period of commercial depression, have become prisoners to their debts, and cannot through
State laws secure discharges from their obligations
and become productive members of society again, be it
enacted." In alittle more than two years, 40,000 American men (and women) have become voluntary bankrupts
and have presumably obtained discharge, and from
600 to 700 millions of debt have been wiped out. Yet
it should be noted that mainly this has been only a
The
formal acknowledgment of an existing fact.
debts thus wiped out were out before. Nine-tenths
of the discharged cases represent old failures and
musty affairs barren of assets ; the creditors had been
carrying the accounts over, in hope deferred, from
year to year, and what the law took from them was
only the right to sue
The present law
men who
of 1898 has thus given freedom to
victims of past misfortune.
that, recognizing
could not pay.
It
also In its favor
is
the principle that assets in bank-
ruptcy belong to the creditors, it has enforced this by
sequestering them, by setting aside preferences, by
giving to creditors the choice of trustee, by limiting
expenses for officers and attorneys, and by reducing
minimum
the necessary consumption of assets
and time in settlement. In marked contrast with the
to the
waste under the law of 1867, delays are made almost
impossible, and the average cost of administration,
the country over, was under $40 in the past year for
voluntary cases and only $210 for involuntary; so that
extravagance
is
certainly not a vice of the present law.
Preferences are made easy of overthrow, and since
they are valueless unless obtained four months prior
to bankruptcy few creditors try to obtain
lien or priority secured
its
right to discriminate.
chief function, the admin-
istrative one.
On the other hand, the law has grave defects. To
prevent a discharge seems impossible. This is so,
even if the bankrupt estate pays nothing whatever
and the bankrupt has recklessly dissipated or conveyed away his property prior to or in contemplation
of bankruptcy; nor is there any limit to the number
of times the same person may go through the process.
Many obligations generally regarded as beyond
the pale of bankruptcy laws seem to be released in
most districts. Even fraudulent preference does not
bar discharge, and flagrant frauds upon creditors are
made too difficult of proof and are not enough pen-
may even
For instance,
be allowed
some
too
much
if it is
comparative consequence of the debt
to the creditor affects its comparative sacredness, the
character of the debt is not wholly irrelevant thus a
friendly loan in goodwill clearly seems more owed
than an ordinary business obligation. That it would
be ueither feasible nor morally right to broadly allow
the debtor to choose whom and in what proportions
he will pay which would be to grant unrestricted
liberty of preference
is too plain to be open to discussion.
It is true that the law does not make distinctions and generally regards a debt as a debt yet
perhaps as law becomes more and more permeated
with morality, the courts, which ought to be safely
trusted to do justice, may be permitted to discriminate between debts, and go beyond the rule of
pro rata.
This forecast, however, we indulge as casting a sidelight upon the preference of the bankrupt law.
A
payment, entire or partial, by a person who is in fact
insolvent though not yet so declared, or by one who has
almost given up his case in his own mind as hopeless,
to say that the
;
—
—
;
may be deemed, pro
This
is
" prefer "
a creditor.
giving one an advantage over the rest ; it
tanto, to
him from the number
and gives
him a part of what equitably belongs to them ; this
must be what Congress had in mind. Knowledge of
the facts by the creditor characterizes and confirms
the transaction
yet since such knowledge is not ordinary and natural, he must be presumed not to have
The intent
it and only to innocently receive his own.
and knowledge of the debtor, the person who alone can
know and ought to know the facts, thus determine
when a payment is the preference which the law in-
selects
of creditors,
;
;
the four months, irrespective of intent or collusion,
is wiped out by the law, which must as a whole be
judged to well perform
debts, arjd that the debtor
them every tended
by legal proceedings within
[Vol. LXXIII.
to prevent.
Surely this
is
so obvious that
argument could not
but if anybody dissents let the severest
say what the honest and supposedly solvent debtor,
who cannot now meet all debts due, ought to do
about it; also remembering that "solvency" has a
somewhat broader meaning than to have in hand today the cash to discharge every dollar of obligation.
No dealer can ever positively know just what his trading for even four months ahead will do for him, or exactly what his goods in stock are worth; or exactly
what his bills receivable and open accounts will yield;
strengthen
it;
must be a large margin allowed for
honest judgment and persistent hope, and the apparent assumption in the law that any bankrupt must
have recognized himself as insolvent for at least four
therefore, there
months
But
is
unsound.
— to renew the
—
question what is the debtor to
Corporations cannot be halted by creditors do about payments ? No man decides, either after
when seeking to wind up by favorable receiverships an express examination or by a rough estimate, tha^
under State laws. The Federal courts, although he can pay a certain percentage and thereupon remits
charged with collecting the assets, including those it to each creditor ; this is not the manner of ordinary
fraudulently transferred, must proceed in the State business. The man settles some small accounts and
alized.
which are often unconsciously hostile and reduces the number of creditors ; or partly pays those
usually far behind with their calendars.
Probably who press him most or those whose goods are most
the gravest defect, however, turns upon the prefer- necessary to his trade perhaps he prefers his land;
courts,
ences, for the clause concerning these has been judiciconstrued to mean that all payments on account
ally
made within four months
preferences,
irrespective of
prior to
bankruptcy are
the intent on part of
either creditor or debtor.
Delicate and casuistic though the subject is, we
suppose it will not be denied that, as a question of
morals, there are differences in the obligation of
expediency ; probably he
pays here and there, sometimes partly and sometimes
fully, according to what he thinks the method most
helpful to his case.
So long as he does this honestly
and not in contemplation of bankruptcy, it seems to
us clearly within his right, for he only prefers in respect to time and does not commit the real preference
intended, but not clearly defined, by the law. "Wholord, for obvious reasons of
November
16,
THE CHRONICLE.
1901.
may
ask himself what he would
probably do if he found himself short of ready cash
but not without reasonable faith in the future.
ever dissents
Yet the law
well
as |interpreted
involves absurd incon-
The payment within four months,
sistencies.
unless
not recoverable from the creditor ; it is
absolutely his, only he cannot prove a claim against
the estate until he has surrendered what he has recollusive,
is
In case of full payment, there is, of course,
no question of claim or surrender the fortunate
creditor is out of the trouble ; in case of partial payceived.
ment,
it is
—
admissible (and inevitable)
that he shall
decide for himself whether he will do better to keep
what he has and charge off the rest or refund and then
come in amoDg the others with the full 100 per cent
of his claim.
The more he has been "
preferred,"
obviously, the less he will incline to refund; therefore
the larger the injustice assumed to have been worked
upon the other creditors, the less likely is it to be
Moreover, all payments on account must
really be deemed to have a taint attaching to them for
four months after date; they area quasi trust fund in
hands of the creditor; his, yet not his, lest the debtor
rectified.
meanwhile and bring them into question. Here
rather
Is an anomaly which needs to be pointed out
payment
is
measThe
partial
in
a
than to be argued.
ure banned by law, while the complete one is in the
same case protected ; thus the greater the assumed
wrong, the weaker the provision for its undoing.
Suppose a firm puts a limit of $1,000 to a customer's indebtedness at one time, and that in four months
more he fails, owing $1,000 and having paid on the
open account $6,000 within that term; the firm must,
and may, decide whether to write off the $1,000 or le
fund $6,000 in order to be allowed to put in a claim
for $7,000.
Suppose a dealer owes $1,000 to one firm
and $5,000 to another; that he pays$ 1,000 to each and
then fails within four months; one creditor is clear,
but the other and larger one must lose $4,000 or return $1,000 and take the chances of a dividend on
fail
1037
but kept moving forward the date of suspension by amendment until, in 1776, the idea was abandoned. It is not worthy of respectful consideration
now.
Repeal would throw the country back into the
chaos of State laws and no State laws.
When this
statute wentjnto effect, only 18 States had laws which
in 1742,
sought to compel an equitable distribution by insolvent debtors; in 28 States the debtor could distribute
as ho saw iit, by voluntary conveyance and through a
trustee of
his
own
choosing,
and
in 33 States
and
and
some
Such an irrational and reexclude the rest.
actionary return as this, in a country where trade
is inter- State, and in an age of such expanding commerce that a bankruptcy treaty between this country
and Great Britain and even an international agreement among all commercial nations are large topics
already in discussion, is really intolerable. Nor should
we forget that repeal would be a retreat which would
make subsequent rally more difficult. It would be
to again abandon the subject as impracticable, and
although the pressure of relief from the misrule of
Territories
he
could
pay
or
secure
inconsistent laws, together with the plaint of
debtors
under bondage, would certainly recall it, the permanent status would be made harder to attain.
Such a statue, in the view of Referee Hotchkiss,
should do away with referees, since the referee plan
involves many defects, of which compensation by fees
He would have a bankruptcy court with
is worst.
bankruptcy judges, thus obviating confusions of interpretation and securing dignity and permanence.
At least, his suggestion that the subject be first committed by Congress to a commission of experts seems
The mass of expert opinion, qualified by comwise.
mercial and legal experience which i& now gathering,
could well go before such a commission. The inquiry
blank now in circulation especially covers the clause
which makes partial payments preferences, and presents a blank sheet for the suggestion of amendments
$5,000.
Or take this extraordinary actual case: A generally. The proposition, however, upon which all
St. Louis bank loaned a corporation $25,000 on notes may agree is that there should be no hasty action,
indorsed by its directors, who, it appears, had no but that the law as it is should be maintained firmly
means beyond their stock; while these notes were as a vantage-ground for reaching a more progressive
running the same bank duplicated the loan upon the stand.
same indorsements, plus the names of two outside
capitalists
of large responsibility.
The corporation
paid this amply secured loan, and within four months
thereafter failed, leaving the other notes in the bank.
When
the bank sought to put in
its
ciaim,
it
was
barred by a demand that it return the second $25,000,
already paid. Although the corporation, for whatever reason, did "prefer" to pay the second loan instead of the first, there was obviously no preference
or favor on the side of the bank, because the two
solid indorsements
secured that loan in any event;
yet, under the law, the bank must lose that indorsement and surrender the money or abandon the other
CITY TAXES AND THE REFORM
MO VEMENT.
We make
because we
feel deeply impressed with the necessity of lightening
the burden of taxation in this city and because we
are glad to have so good an authority in such matters
as former City Comptroller Ashbel P. Fitch in full
room
for the following letter
accord with us in that respect.
THE TRUST COMPANY OF AMERICA.
Office of the President,
149 Broadway. New York.
November
9.
)
\
1901.
$25,000.
Without any fault on its part, unless perhaps an error in judgment, the creditor bank was To the Editor The Commercial & Financial Oikonicle:
My Dear Sir — Please allow me to express bo you the
thus forced to choose between $25,000 in hand and a
pleasure with which I have read what you say in your articontingent dividend on a claim for $50,000.
cle entitled "The Financial Situation" in to-day's issue of
The question now up
suspended, amended or
whether the law shall be the Chronicle in regard to what ought to be attained as a
and neither of these result of the late election.
The burden upon real estate in this city has become alcourses wholly lacks advocates.
Some would even
most
unbearable and, as you truly suggest, the life of this
give it an intermittent feature; a bill now pending
reform movement will depend largely upon whether or not
would actually suspend it four years (giving time for
it results in lower taxes and searching economy in all the
a fresh crop of debts to grow), then put it in force for city's expenditures. Very sincerely yours,
Ashbel P. Fitch.
one year, and so on indefinitely. EDgland tried this
is
repealed,
THB CHRONICLE.
1038
[Vol. LXXIII.
oats, 14,940,144 bushels, against
RAILROAD GROSS EARNINGS FOR
OCTOBER.
and
of
18,369,954 bushels,
bushels, against
barley, 8,760,804
Combining wheat, corn,
bushels.
rye, the aggregate of
oats,
11,902,249
and
weeks
barley
the receipts for the
five
earnings for October
make a strikingly favorable exhibit, the results being of 1901 is 75,765,259 bushels, against 85,979,629
noteworthy even in this era of large and oontinnous bushels for the corresponding period in 1900. The
improvement in transportation reoeipts. The gains falling off, it will be seen, has been over 10 million
As expected,
railroad
grosB
reach really imposing proportions. On the 105 roads bushels. We annex our usual detailed statement:
RECEIPTS OF FLOUB AND OKAIN FOB FIVE WEEKS ENDING
that have contributed returns the aggregate increase
NOVEMBER 2 AND SINCE JANUARY 1.
Our
is more than 8± million dollars— $8,232,194.
JTour.
Wheat,
Corn,
OaU,
Barley,
statement covers considerably over one hundred
Rve.
(buih.)
(buth.)
(bbU.)
(buth.)
(.buth.)
(buth.)
thousand miles of road, the exact figures for 1901
Onicaoo—
being 106,399, and yet this represents little more than
one-half the railroad mileage of the whole United
States, it being impossible to secure returns for the
other half so soon after the close of the month. The
import of this remark lies in the fact that it indicates
that for the entire mileage of the country the increase
for this one month would probably be in the neighbor-
hood of 15 million
In ratio the $8,232,194
increase is not far from 12 per cent 11*87 per cent.
It is repeating a familiar fact to say that this improvement the present year follows similar improvement, differing only in degree, in the years preceding.
That has been the record month after month, and
October is no exception to the rule. Turning to our
review for that month a year ago, we find that we then
stated that in view of all the circumstances it was one
of the most notable features of the times that the
gains in earnings should keep up so continuously.
The aggregate increase then was $2,807,275, or 5*03
per cent, and was made in face of heavy losses on
the spring-wheat roads by reason of the spring-wheat
shortage of 1900. The increase referred to, moreover,
in itself followed $6,094,486 increase in 1899, $2,628,854 increase in 1898 and $4,602,179 increase in 1897.
It is on top of all this that the further improvement
of $8,232,194, or 11-87 per cent in 1901 comes.
Here
is a summary showing the totals back to 1897.
dollars.
—
Mileage.
October.
1897 (1S2 roads).
1898 (128 roads).
1899 (111 roads).
1900 ( 98 roads).
1901 (105 roads).
Earnings.
Tear
Year
Tear
Tear
Given.
Preceding.
Given.
Precedent.
Increate
or
Decrease.
Mile*.
Miles.
101,103
100,024
%
55,987,269
97,936
99,604
66,938
66.218,787
97,997
61.963,061
92,637
80,661
68.608,766
%
$
61,836 090 Inc. 4.602,179
53.684.983 Inc. 2.628,864
66.868.675 Inc. 6.094,486
56,801.490 Inc. 2,807,875
108,399
104.669
77,688,462
69,351,268 Inc. 8,282,194
Jan.
1
1897
1898
1899
1900
1901
(128 roads)..
100,671
99,287
436,738,322
414,781,877 Inc. 21,856,445
(128 roads)..
(108 roads).
97,935
98,283
96.988
96.648
462,131.856
98 roads)
(100 roads).
91,663
104,950
88.797
103,130
490.807,740
624,640.241
421,861,106 Inc. 40,880,849
450.671,045 Inc. 48,866,749
447.018,230 Inc 48 794,460
to Oct. 81.
(
wks. Oct.. 1901 1.019,443 6,2«7.407l 6.862,403 7,850,177 2,?92.475
fl.57M.288! 12.4'6.>-50 9.621,87!/ 3,85<V22
737, soe
6 wks. Oct., 1900
Since Jan.l, 1901 8.211,66' 42,562.827! 77,944.347 71.465,515 10.687,23:1
4,111.149
Since Jan. 1, 1H00 7,961,764 32.880,449' 95,489.88.1 83,>:44,76
5
Milwaukee—
5 wks. Oct.,
5 wks. Oct.,
Since Jan.l.
Since Jan.1,
at.
677.182
287.738
2.40H.274
1,759,230
I
467,000
836,61'
1900
1901 2,404,n25
1900 8,610,570
1901
2,110,000
1 191.9001
S.438,150
7,888,700
200.000
8H9.5O0
2.661,800
4 885.460
1*3650
885,500
624,400
200.000
6.502,201.
1,0.44.900
8,670.350
3,3S8,6O0
8,710,050
7.922.9X 11,546,650
987,150
Louii-
5 wks. Oct., 1901
5 wks. Oct., 1900
Since Jan.l, 1901
Since Jan.l, 1900
Toledo—
5 wks. Oct., 1901
5 wks. Oct., 1900
Since Jan.l, 1901
Since Jan.l, 1900
242.868
206,40:
1,188,000 1,643,776
1, 257.011;
2,8l2,308i
2,120,416 1,561,27'
18,767. 00* 16,771,100 18,010,635
l«,fc50.423 8U.402.65ft 11,277,865
1.770.10I-
1.606,960
2.861'
804 304
96,630
670.81i
1,651.98ft
7,3t 9,785
760,272
7,166,665
86.866
509,649
443.602
2,290,859
2.107.113
641,832
2,033,6H0
9.684.404
18,698,916
87.066
102 988
616.250
881,861
635,760
767,600
1,300.806
1,564.500
6,014,601
5,290.665
45.860
230.743
8a6,90O
164 500
86,510
1,214.684
235.667
423,137
609.715
3,118,586
2,671,092
336,836
63,768
548,200
103.050
1,791.050
1,387,060
36.600
16,100
183.000
128.850
1,382,281
1,648,67"
2.448.981
8,201,674
108.119
195,790
861,270
600,406
1,810,880
2.162,650
8.838,000
192.730
116,880
969,260
503,805
508,716
617.385
1,836
Detroit -
6 wks. Oct.,
6 wks. Oct.,
Since Jan.l,
Since Jan.l,
1901
1900
1901
1900
35.20!
801.771
233,700
Clevelawt5 wks. Oct., 1901
6 wks. Oct., 1900
78,269
Since Jan.l. 1901
Since Jan.l, 1900
131,401
137,882
565,887
833,799
2,610,860
2,660.68'.
450,793
288,46a
2.S64.147
2,217,585
662,831
717,510
1,614,626 UJ80.083
8,210,261 7.613,521
10,161,359 10,351.691
228,300
97,200
1,439,300
2,217,100 1,063,100
2.191,200 1,823,900
15.8*0.110 10.698,800
14,485,150 9,311,200
Peoria—
5 wks. Oct., 1901
6 wks. Oct., 1900
81nceJan.l,1901
61,200
83,050
785,717
707,470
608.00L)
Since Jan.l, 1900
Duhitfc
7,420,788
746,800
5 wks. Oct., 1901
2,570,307
699,000
6 wks. Oct., 1900
Slnoe Jan.l, 1001 3,774.38b 37,642,8.14
Stnoe Jan.l. 1900 4,121,286 27,009,604
6.436
214,635
4,898.40b
3,369,816
77,249
308.3.14
1,117,154
046,012
Minneavoliu—
6 wks. Oct.,
6 wks. Oct.,
Since Jan.l.
Since Jan.l,
1901
1900
1901
1900
15,125.640
12,113,210
69,600,052
213,149 67,227,220
13,63f
7,202
238.010
381,320
6.40(1.010
4,536,921
1,181,06
2,323.381
9,0*0,603
8,337,821
3,80:»,O4O
Kansas City—
5 wks. Oct., 1901
6 wks. Oct., 1900
Since Jan.l, 1901
8,116,400
4,675,200
24,907,800
28,081,718
8lnce Jan.l, 1900
1,595,800
731.260
8,342.8,44
7,802,870
774,600
412,06'
4,741,903
2,684,766
4.000
lotalof all—
5 wks. Oct., 1901 8,637.781 86.381.087 14,287.438 14 910.144 3.7ee.801
5 wks. Oct.. 1900 2;266.69n 31,8i-4,853 28.828.041 18 3*9.954 11,902.849
Since Jan.l, 1901 18,067,618 206,16d,fe68 163.818,125 139376061 28.947,468
81nce Jan.l, 1900 18.288.892 191,680,477 181.76a.158 118074*58 36,480,690
1.889,806
685.029
7,853 478
4,529,217
The contraction which has occurred in the grain
movement is strikingly shown in the case of Chicago.
Here we have the figures for the even month, and
they give an aggregate of only 21,889,187 bushels for
October 1901, against 30,842,323 bushels for October
1900 and 34,758,147 bushels for 1899, per the fol-
lowing
:
RECEIPTS AT CHICAGO DURING OCTOBER AND SINCE JANUARY
494,486.794
568.366,401 Inc. 68.273.840
Since January
October.
1901.
Wheat bush.
6,650,555
1900.
0,040,263
1899.
4,679.10i-
1991.
42,819,705
1900.
32,141,30'-'
1.
1.
1899.
25.029,064
bush.
11,989,960 16,100.230 77,778,920 94,883,963 130,327.284
wheat yield was so much better than Corn...
7,142,127
9.063,993 10,196,381 77.932,350 83,294.409 96616,557
Oats... bush.
651,937
884,499
282,186
2,400,008
2,451,267
1,712,211
that of last year, possibly it may be supposed that the Rye ...bush.
2,085,176
8,465,641
3,647,089 10,383,180 18,929,518 11.587,': 20
Barley.bush.
railroads had the advantage of a much larger grain
Total grain 21,889.187 30.842,323 34,758,147 211,309,483 825,991,470 255.931.372
movement. As far as the distinctively spring-wheat Flour ..bbls.
956,135
076,841
4,528,939
616,782
7.887,474
8,097,402
6C0
961
1,121
Pork....bbls.
11C
8,231
3.090
roads in the Northwest, like the Great Northern and Cutm'ts.lbs.
12,549,878 18,909,870 12,716.064 142,103,799 158,615,477 165,213.129
6,400.308
8,683,100
lbs.
3,1 97,628 58,576,619 47,058,717 51,714.216
the Northern Pacific, are concerned, that is true; but Lard
7.108,709
053.773
781,212
697,3,1
7,026,962
Live hogsNo
6,893,678
it is not true of the roads in other parts of the country, or of the roads as a whole.
These other sections
The Pan-American Exposition has been an importhad to contend with a heavy falling off in corn, in ant advantage to the New York Central, but it has
oats and in barley.
There was also, strange as it may hardly been a considerable factor in the case of
seem, a pretty general decrease in the wheat move- any of the other roads represented in our compilament outside of the spring -wheat territory, the in- tions, since the Erie, the Lehigh Valley, etc., have not
crease in the wheat deliveries as a whole following al- yet made reports for October.
The cotton movement
most entirely from the exceptionally heavy movement in the South, on the whole, was probably smaller
to Minneapolis and Daluth.
Taking the five weeks than in October 1900, for while the receipts at the
ending November 2, the receipts of corn at the West- Southern outports were
1,518,121 bales, against
ern primary markets were only 14,287,438 bushels 1,473,202 bales, the shipments overland were only
As
6.356,393
this year's
this year,
against
22,828,044 bushels last year; of
183,900 bales, against 255,659 bales.
November
1901.
1C,
THK CHRONICLE.
J
EARNINGS OK MIDDLE AND MIDDLE WESTERN ROADS.
RECEIPTS OF COTTON AT SOUTHERN PORTS IN OCTOBER, AND FROM
JANUARY 1 TO OCTOBER 31, IN 1901, 1900 AND 1899.
QsiTBBii'M
bales
lei.ooo
sesTm
4i3.e:n
637,730
44.480
89.7M
Sabine Pass Ac.
Mobile
Pensaoom, Ac
aTauuah
,
Brunswick. Ac.
Charleston
Port Royal, Ao
81-8
H
6,181
Raw Orleans. »
WO
86,7
KS7.M0J l,17d.94R
N
30,'W
81.418
80,5!>t
82.71b
132,043
106.883
888,456
8W.8UU
219.54C
124 4-0
149. sos
18.182
166,46:
24.844
80,884
27.883
180,710
761,913
1C9.154
82,008
78.747
85
52,'2f6
137.888
391
1.888
146
4.832
90,062
84
74,868
161
07.2SB
188,809
284
167,818
165
219,809
4261
698
111, sis
96.445
88.388
899,822
818,788]
K4£M
4,188
1,883
8.971,
29,20C
19.464
1.398
814.148
& Ohio
8t. Louis A San Fran.
Chlo. Mil. & St. Paul..
Baltimore
Nashville
Norfolk & Western
Mo. Kane. <fe Texas...
Grand Trunk System.
Choo.Oklahoma&Gulf
Wabash
Southern Railway
Cleve.Cln.Chic.&St.L.
Chesapeake & Ohio..
Pere Marquette
Seaboard Air Line
Clev. Lorain
& Wheel.
$62.6«4
53,697
AL.
Krle..
1,297.681
1,152,768
164.180
1,987,618
140,385
1,934,274
342,122
173,870
1.860,297
309.878
92,465
90,358
1(2,111
5,911.210
6,005,877
4,874,104
4,316.388
278,039
97,517
4.262.212
1,643,001
1,674,197
1,313,135
1,306.010
1,094,111
1,781,706
1.888,703
1,643,886
233,471
230,869
210.187
Gr.T.West £ 2,740,910
2,510.749
B.A0.S.W
CC.C.A8tL
Peo.AEast
\
G.T.of Can.
D.G.H.AM
N.Y.C.AH+
Wabash....
Total.
..
'
6.915,819
1,805.8m8
18.080.C36
16,240,924
2,066.885
j
14.679,518
2,469,725
286,098
12,681,612
12,478,981
i?
?L'n,
i
Albany Included only in 1901 and 1900: the Beech Creek RK. and
tU Valle y ftR « ror * u the years, and the Fall Brook system after
EARNINGS OF NORTHWESTERN AND NORTH PACIFIC GROUP.
October.
1901.
1900.
1899.
566,563
I
659,336
$
£55,021
401,574
477,463
8.573.00C
2,774,826
2,8*8,730
2,790,001
~T~
Burl.Ced.R.ANo
Oanadian Pacific
Ohio. Gt. West...
Chlo. Mil. A St. P.
Duluth S.8.A Atl
Great NorthernIowa Central
Mlnn.A 8t. Louis
M.St.P.AS.S.M
North'n Pacific.
St.PaulA Dul.
St. Jos.
A
Gr.
Wisconsin
Total
1896.
~T~
I
t
734.482
698.640
4,278.888
4,327,891
4,078,467
244,173
165,055
281.169
237,203
543,530
tl, 163.408 $3,023,327 *3,416,565 1 3,200,679
250,706
338,106
639,743
218249
336.411
412,797
b4.595.499 63634884
Cent'l.
1897.
4,581,265
5
Isl..
1898.
3,084,606
649.691
140,188
687,112
128,896
483.416
227,424
806,456
638,600
8,121,650
2,482.218
165.857
808,464
234,635
227.194
668,083
61 ,7>s
443,961
68,498.768 63,207,026 8,7*-4,765 2,498,885
229,064
200,871
192,201
210,480
133,227,
90,631
139,378
118,849
669,449
478,845
394,788
467,522
180.331
266.849
479.072
20.289,1571 16.6S4.582 17,798.215 16.126.788 14.738.S14 13.280 648
• Inoludes proprietary lines In these years.
* In
~
688,802
471,675
8,679,848 3,480.112
160,235
145,010
2.719,307
these years includes the earnings of Spokane Falls
A
Northern.
77.896
5.989,0f5
6,082.702
7.898,474 7.066,267
A
188.800
8.243.880
1-6.898
9,804)
5,196.2.
Terre Haute for
The Chesapeake Ohio A Southwestern and Ohio
1901.
all
the
Valley are Included for
A West
Norfolk
796.107
738,723
610,706
040,891
617,787
1,454,714
1,176.698
1,086,494
1,000.627
802.510
432,811
459.207
408.332
819,392
30-»,142
8,778.180
+564,80-
2.662,864
2.510,805
2,108,886
1,888,164
1,982,060
+566,800
*725,243
1,895,281
+527,041
*646 470
3rf8,607
383.8*
540,763
628,362
1,204.948
1,071,157
965,898,
406,269
473.041
902.216
( C2986199 c2,5 43.866
2,080.870
*713.258
1,008.708
3
c3.519.360 c3.390.314
Louis Dlv
Tazoo A Miss. VaL
St.
Total.
18(8.
8*
1,665,419
•432,211
Southern Ry
Memphis Dlv
1897.
1898.
8
800.449
8
196,879
232,344
Ooulsv. ANashv.b
Mobile A Ohio....
?ash.Chat.A St.L
1899.
1900.
8
155.819
690.944
So.
Oln.N.O.ATex.P.
868,858
18,881,754 18,100,891
142.947
<
1886708
I
17e,763
140.127
117.833
695,845-
319.064
300,458
147,075
143,063
526,498
11,076,026 9,453,525
8,423,894
8,401,520
I
074,192
8
164.439
Figures for October, 1901, not reported; taken same as
Includes Montgomery Division tor these years.
Includes Paducah A Memphis Division in these years.
last year.
t
6 Freight on material carried for company's own use Is no longer credited to
earnings, the item having been eliminated from both earnings and expenses.
The figures for 1901 and 1900 are given on this basis.
c Figures for 1901, 1900, 1899 and 1898 Include South Carolina A Georgia,
Mobile at Birmingham and 101 miles of Atlantic A Yadkin and Atlantic A
Danville.
EARNINGS OF SOUTHWESTERN GROUP.
October.
1901.
1900.
1899.
Choc.Okl.AG.
8
616.442
8
846.410
8
£01.993
Deu.AKiuUr.
1.122.300
1,095,000
Int.AGt. No..
Ho. K. A Tex
MO.P.Alr.Mt.
603,246
1,891,485
080,086
485.278
3.578,000
691,478
1,800,774
3,192,000
459,417
51)7,100
R. Gr. West
L. A S. Fr.
.
St.
K.CF.S.A M.
F.W.AR.Gr.
at.L.
Southw.
Pao.
.
2,039,124
1.771,267
774,748
771,704
1.118.t03
1,185,800
12.110.667
1108*668:
GROS8 EARNINGS
1807.
1898.
~
8
186,106
'
791.957
407.837
722,226
•420,872
1.418,201
1.588,6231 1.403.556
1.813,608
2.017.840
8,783,347 2,723,005
346,878
338,892
8.265,167
428,513
770,473
647.124
52,111
001,597
842.554
889,647
581,810
444,006
084,661
477,017
711,208
432,889
83,9281
60,681
688,458|
608,680
908.961
38,007
661,990
857.800
8.670.0H8
7.649.993
91?,606!
9.308 281
AND MILEAGE
of Road.
Alabama Gt. South' n
1806.
8
159,983
8
184,087
609,372
683.009
IN OCTOBER.
Mileage.
Gross Earnings.
Same
Increase or
1901.
Decrease.
1901.
1900.
232,344
196,879
1900.
+35,465
310
+ 13,378
+ 18.551
196
143
188
292
228
118
310
Ala.N.O.&Tex.Pao.N. Orl. & No. East.
Ala. & Vlcksb
Vioksb. Shr.&Pao..
Ann Aroor
Atlanta Knoxv.&No.
11,888.538
A
e
104.132
77,83b
J
8,644,606
190,922
105,333
93.945
163,139
56,890
23,051
Valdosta & W...
Baltimore & Ohio. >
4,583,533
Bait. & O. So'wn. ,
Belief onto Central..
5,591
Bufl. Rooh. APittsb..
628,31.1
Burl. Cod. R.& No...
566,563
Canadian Paolflo
3,573,000
Central of Georgia.
795,407
Chattan. Southern...
7.675
'Jhesapeane & Ohio.. 1,565,419
Ohio, dc East Illinois.
540,461
Ohio. Great Western.
734,432
Ohio. Ind. & Loulsv.
412,117
Ohio. Mil. & St. Paul
4,521,265
Ohio. Peoria & 8t.L.
135,810
3t.L.Chlo. &8t.P. 5
Chlo. Term. Tr. RU.
134,831
5i6,412
Ohoo. Okla. & Gulf t
Ulev. Cln.Ch.&St. L.. 1.781,705
Peoria & Eastern
233.471
Jlev. Lorain & Wheel.
259.147
Col. Baud. AHook'g..
115,083
Denv. <S Rio Grande.. 1,122,300
121.89a
Detroit Southern
Dul. Bo. Shore <fe Atl..
231,159
13,578
East St. L. <to Carou.
26,922
Kvansv. <fi Indianap.
130,429
Evansv. & T. Haute.
«» South. A Florida
104.706
Atl.
«? B,osten
161,316
(
|
A So
Includes the operations of tho St. Louis Alton
1896.
874,931
8,746,699
137.416
67.863
249.920
West.
Cent, of Georgia.
Chesap.A Ohio..
42.698
42,386
38,268
3*,892
35,465
34,828
32,456
32,326
31,726
1,326.216
4,248,392
100.321
22S.320
288.013
H.
t
•
2,372,746
560,498
4.683,688
102,219
192.931
146,686
146.6-3
92,194
223.121
321,471
A
Alabama Gt.
$
8,881,216
625.937
Oblo
188,989
11:3,689
T.
A Ohio Cent..
Peo. A West.
Total...
$
f
A
lflb,!»69
108,205
A
244.9C0
A
EARNINGS OF SOUTHERN GROUP.
EARNINGS OF TRUNK LINES.
Bal.
819104
180,668
204.993
L. Van.
T«xasA
1897.
297.176
110.481
886,719
«
country.
1898.
558.81
889,661
171,292
381,699
181,836
193,727
104,248
101,570
90.201
1103(1
1901. 1900. 1899, 1898 and 1897, ami Chicago A Texas for 1901. 1900. 1899 and
1898. Uesultn on Yaioo Branch are not included for 1901, 1900, 1899 and 1898.
t Those figures are simply tho totals of the Chicago A West Michigan, DePere Marquette combined.
troit Grand Kaplds A Western and Flint
group records over 10 per cent increase, notwithstanding the corn and cotton shortage in that part of the
_
684, 164
720,876
836.926
181.137
230,784
Tears.
EARNINGS IN OCTOBER.
Increases.
1899.
698,714
M0,08fl
869,164
801.779
264.487
Clev. Can.
reach this year $20,289,157, against $16,684,522 last
year, and the Trunk Line group, with a total of
$18,060,636, against $16,240,924.
The Southwestern
~~8
2,486,737
Pere Mariiuetto...
Wheel.
two groups which are particularly distinguished for
good results are the Northwestern, where the earnings
1900.
808,9 4
8.012.412
401.7SC
3,414,924
Tol.
review we present the following
six-year comparisons of earnings for the principal
roads, arranged in groups.
It will be noticed that the
1901.
171.5(6
182.1J1
807,642
131,703
112.212
370.946
500,018
Tol. St. L.
To complete our
October.
IM.106
8,708,679
i'ui.
337,141
291.7*6 Alabama Gt. Southern
267,857 Wheeling A L. Erie....
242,427 Iowa Central
226.946 Ala. New O. & T. P...
223.316 Tol. St. L. & Western.
213,514
Total (representing
200,691
200,161
$7,972,740
170.002
162,697
Decreases.
129,036
113,002 Rio Grande Western.
$47,653
110,705 Mexioan Central
36,321
99,207
79,637
Total (representing
73.041
2 roads)
$83,974
Mlnn.St.P.&S.SteM..
412,117
269.147
>..
October.
Illinois Central
44t.t44
iaa.672
and the Great Northern. We furnish herewith a Hat
of all gains and also all losses exceeding $30,000.
©t. Northern System. $1,140,081
Northern Paoltlo
1,060,815
New YorR Central.... 1,004.109
Canadian Paolflo
798,174
Missouri Paolflo
386,000
14.934
130.4.11'
St,
pearing with increases of over a million dollars each,
namely the New York Central, the Northern Pacific
Central of Georgia....
Wisconsin Central
Chlo. Ind. & Loulsv...
Buff. Rooh. & Plttsb'rg
Hooking Valley
Chlo. Great Western..
353,70*
4
Evausv.ATerre 11.
Hocking Valley..
Total
Increases,
349.671;
or.AWbML
We
GROSS
42!).«3s
1M,MM
540.401
a Wesfn.
1
08.957
348.348
848.303
867,057
619.S13
369,419
818348
Central
1
126.107
5H6.0S7
Baff.Uoch. A l'ltls
Chicago A Ham HI.
Oblo. Ind. A Loulsv.
Plttab'g
need hardly add that the gains for the separate
roads are large and numerous, three companies ap-
1
UMH
16s.
Illinois
107,013
18-.M01
•
168.13&
1,618.181 1,473,208 1,110,043 4.856,8i6 4.516,833 4,811.940
PRINCIPAL CHANGES IN
1897.
147.834
wo
Ann Arbor
802, 188 1.474, 1(1)1 .586,477 I,3l6.f2l
2 1,2 J'
Wewport News, Ac
..
M?6078
1H99.
246,984
08
Total ...
563
1U<0.
23.16B
'.
Norfolk
1901.
280,941
Wilmington
Washington, Ao
.t
I
•
1899.
1900.
1901.
UK.
1899.
1.
POTt*.
Louisville
1900.
1901.
October.
Sine* January
October.
1039
.
'
177,544
86,782
93,548
158,260
40,383
20,674
4,246,392
3,504
585,957
559,336
2,774.826
732,723
9.250
1,454,714
519,813
698,540
369,419
4,278,838
+397
+4,879
+ 16,507
+ 2,377
+337,141
+2,087
+ 42,386
+7,227
+ 798.174
+ 62,681
-1.575
+ 110,705
-t-
20.618
+ 35,8 ri
-1-42,693
196
143
188
292
22S
118
3,200 3,200
27
27,
472
472
1.291
7,563
1,845
1.17J
7,433
1,641
105,
1,601
!
105
1,476
727
929
546
727
929
546
6,571
6,512
292
102
563
132.979J
124.879|
+ 2i2,427i
+2 931
+ 9,952
346,410
+170,002
292
107
632
1,61)8.703
+ 113,002
1.891
1.891
230,869
+2,602
186,1061
+73,041i
352
192
273
352
192
273
1,722
1.675
423
423
589
13
146
162
286
99.712
1.095,000
109.500
237.203
11.935
82,263
132,672
107.757'
'
+ 15.3711
+ 27,300
+ 12,399
—6,041
+ 1,643,
589
13
-5.341
-2.-'43l
146
162
—3.0511
2«.S
THE CHRONICLE
1040
Oron Bamxngi.
Kami
of Road.
Can...
Or. Trunk of Can
West..
Gr. Trunk West
}
Det.Gr.Hav7.&M.)
No.— 8. P. M. & M
Bt.
Eastern of Minn..
Montana Central.
Hooking Valley
Central
Illinois
Southern
Internat'lA Gt. No.
Illinois
2,740,910
2,540,749
3,347,031
663,374
153,003
500,018
3,706,679
11,449
2,325,735
505.066
192.526
461.750
8,414.924
11,199
591.473
314,960
218,219
4,306
73,768
31,721
61,502
2,552,864
11.075
603,246
290,000
260.705
Interooeanlo (Mex.)
Iowa Central
Iron Railway
7,647
95,204
33.224
Kanawha & Mloh ..
Lehigh <fc Hud. River
Lonisv.Hend.&St.L.
Lonlsv.
&
Nashville.
Manistluue
Mexican Central....
Mexican National..
Mexican Railway...
Mexican Southern..
Minn. & St. Louis. ..
2/44,547
Minn.8t.P.& S.Ste.M
Mo. Kan. & Tex. sys I
Mo. Pao. & Iron Mt.
Central Branoh
Mobile Jack. & K. O.
Mobile & Ohio
Mont.&Mex.
Gulf..
Nash. Chat. & St. L.
N.x.Cen.&Hud.Riv.'
Nevada-Cal-Oregon.
Norfolk A Western.
Northern Paciflo
Pere Marquette
Plttsb. & Western..;
&
Pittsb.Cl.
60, 43fi
2,776,180
15,002
2,770
1,441,700
602,581
317,400
Macon & BirminK'm
336.105
639,743
1.891,465
3,465,000
113.000
12,419
564,600
133,664
713,253
6.915.31*
+ 200,161
Name
1900.
1901.
4,042
4,042
+ 1,021,290 4,598 4.549
+ 158,308
353
262
347
4,265
—39,523
+38,268
+291,755
+ 250
96
885
555
610
20
+ 11.773
—24,960
+32,456
+ 3,341
+21,496
173
90
166
3.308
97
64
2,186
1,323
321
260
+ 1,503
—1,067
+223.316
+ 3,927
—1,291
—36,321
4,061
1,478.021
591,764
+ 10.817
+ 10,000
307,400
#41.284
336,411
412.797
+3,263
—30t
+226.946
+ 200.691
+ 392,000
1,690,774
3,073,000
119,000
9,591
566,80t
— 6.001
+2,828
—2,200
+25,004
—11,990
108.660
725,243
5.911,210 +1,004,109
304
262
347
4,241
96
820
555
510
20
173
90
16f
8.152
97
64
2,054
1.323
321
643
228
643
1,356
2,480
4,938
1,278
2,222
4,938
388
50
876
390
388
50
876
1,195
3,22v
1,195
3,282
390
130
130
+99,k07
1,676
5,255
1,766
1,660
5,457
1,766
336,926
+22,228
352
352
53,129
507,100
126,896
13,139
+2,560
—47,653
180
+ 267,857
+3,039
+ 20,642
18C
646
31
68
3,192
1,293
158
+20,599
16f
+ 102
224
50
2,600
+1,810
+213,514
3/13,242
j/11,432
1,608,798
4,595.499
820,082
1,395,284
3,534,684
+ 1,060,815
720,875
359,154
55,689
459,447
140.166
20,760
2,039.124
774,743
201,779
119,413
81,902
Tol.
Pa.& Fair.
Rio Grande South'n
Rio Grande Western
Increase o>
Decrease.
1900.
1901.
Mileage
Plttsb.
&
Bt. Jos.
Gr. Island.
So.
St. L. Kennett
St. Louis
8. Fran..
8t. Lonis Southwes'n
T. H..
St. L. Van.
&
&
&
San Fran. <fe No. Pac.
Santa Fe Pres. & Phx
S. Pedro L. A. & S. L.
2/9,236
Seaboard Air Line... 1,054,020
1,771,267
771,704
181,137
98,814
81,800
2/6,932
28.089
53,885
20,294
974,383
29,217
35.250
19,259
3,519,350
3,390,314
T.Haute & Indlanap.
157,207
T. Haute & Peoria...
55.28(
Texas Central
83,473
Texas & Pacific
1,125,800
Tex. Sab.Val. & N.W.
17,500
Tol. & Ohio Central.
254,487
154,025
60,246
84,212
&Ga.
So. Car.
Ext...
Southern Indiana
So. Mo. & Arkansas.
Southern Railway.. £
St.Louis Division
Tol. Peoria
Tol. St. L.
&
110,481
236,719
54,725
1,805,698
West....
Toron. Ham. & Bufi.
Wabash
Wheel.
<fe
Lake Erie
321,471
537,112
674,192
Clev. Can. & 8o.. $
Wisconsin Central..
Yazoo
&
Miss. Val.
..
Total (105 roads).
*
+7,621
+2,304
+79,637
-1.128
+18,635
+1,035
+129,036
158
165
224
50
2,600
182
154
100
100
6,735
+ 3,182
80
—4,969
80
174
—739
+ 6,992
174
227
227
1.665
1,514
+23,753
+2,21b
+31.726
+19,285
40
393
248
451
88
40
393
+ 162,697
2,367
+34,828
+53,697
+20,334
464
982
1,091
l,118,80f-
16.900
230.734
108,265
204,993
35,440
1,643,001
182
154
3,049
1.258
6,738
>
West'n
&
+ 13,270
636
312
68
+600
286,643
483,41f
653,858
24b
451
64
2,358
464
[Vol. LXXIII.
of Road.
9reat No. St. P. M. «fe M
Eastern of Minnesota
Montana Central
Hocklnj? Valley
Illinois Central.
Int. <ft Great Northern
Interoceanlc (Mez.l
Iowa Central
.
Iron Railway
Kanawha
Lehigh
<ft
<te
Michigan.
Hudson River
Louisv. Hend. & St. L..
Louisville & Nashville..
Macon & Birmingham..
Manlstique
Mexican Central
Mexican National
21,487.601
3,645.319
1,719, »125
4.061,179
32,134,648
4,054,298
3,373,100
1,975.714
59.912
820,466
352,092
667.029
24.849,939
98.19*-
84.236
14.812,304
6.330,822
3,521.800
Mexican Railway
Mexican Southern
y6>-9,286
Minneapolis & St. Loulf
Minn. St. P.&S. 8te. M.
Mo. Kan. & Texas sys.
Mo. Pacific & Iron Mt.
Central Branch
Mobile Jack. & K. City.
Mobile* Ohio
Monterey & Mex. Gulf.
Nashv. Chat. & St. LI..
New York
Central
Sorfolk & Western
Northern Paolfic
Pere Marquette
Pittsburg <te Western.
Plttsb. Cleve. <fe Tol
Plttsb. Paines.
1000.
L901.
2,867,255
4,342,859
13,405,168
28,968,958
1.134,437
123,812
5,001,500
1,165.353
6.377.734
58,448.415
18,614.688
30,608.904
7,599,032
Rio Grande Southern...
Jos. & Grand Island.
St. Louis Ken. & Sou...
St.
Decrease.
18.787.860 2,699,735
3,300,525
344.821
1.638,393
81.232
3. 903,138
158.041
28,277,159 3,857,489
663,7i:i
3,390.569
3,476,388
1,840.234
135',480i
54.120
5.792!
691.493
128.973
386,647
534,495
32,534
22,628,008 2,221,8711
15.960
77.238,
103,288
34,455
96,4411
12,205
107,603
14.419.907
219,220
205,900
6.550,042'
3.727,700
6,318
j/682,968
2,424,416
442.809
3.896,582
446,277
10.608,057 2,797.111
25,058.196 3,910.762
1,147.311
"19,285
104,527
4,877,587
123,913
6.612
1,158,741
227,546
6,150,188
49,278,102 4,170.313
12,597.029 1,017,659
26,582,005 4,026,899
6,804,007
795,025
3,304,308
281,048
450.160
447,176
1,214.851
126,551
12,271.996
5,970,029
1,727,902
1,132,231
2,984
82,620
35,144
2,286,022
1,012,350
109,066
87,018
3,585,356
& F.
Increase
12,874
91,407
Louis & San Fran .
9985,974
Louis Southwestern
4,957,679
Louis Vand. & T. H.
1,618,837
San Fran. & No. Paoinc
831,657
918,675
Santa Fe Pres. & Phx..
805.388
815,331
San Pedro Los A.. & S. L.
2/128,262
2/163.966
2/35,704
Seaboard Air Line
8,290,118 1,197.579
9,487,697
8o. Car. & Ga. Exten...
225,082
218,471
6.611
So. Missouri & Arkan..
180.824
27,115
153,709
)
Southern Railway
29,068,255 27,262.685 1,805,570
St. Louis Division.. $
T. Haute & lndianap...
1,324,154
1,344.769
Terre Haute & Peoria..
464,488
414,884
49,604
Texas Central
545.178
353.012
192,136
Texas & Pacific
9,169.231
7,291,106 1,878,125
rexasSab. V. & N. W..
111,900
97,840
14,060
Toledo & Ohio Central.
2,100.020
180.725
2,280,745
Toledo Peori a & West'n.
961,283
930,367
30,916
Tol. St. Louis Western..
1,614,442
2,268,193
653,751
Toronto Ham. & Bufl...
392.992
308,136
84,856
Wabash
15,135,313 13,927,887 1,207,426
Wheeling & Lake Erie
262.71S
2,636,932
2,374,213
Cleve. Canton & 8o..
Wisconsin Central
4,686.911
4,495,528
191,383
Yazoo & Miss. Valley..
4,919,490
4,073,191
846,299
at.
St.
St.
9,943
20,615
Total <100 roads).. 624,640,241 566,366,401 59,134.4861
Set Increase
58.273. 840
860,646
1
Earnings from October 1 are for railroad only.
Includes Paducah & Memphis Division in both years.
y These are the earnings to the third week of Ootober only.
t
t
950
1,047
77,583,462 69,351,268 +8.232,194 106389 104569
l
Boston and Albany included in both years.
Earnings here given are for railroad only and do not cover mining
ITEMS ABOUT BANKS, BANKERS AND TRUST CO'8
—The sales of bank stocks this
week aggregate 705 shares
The transactions in trust
b Includes Sherman Shreveport & Southern, Missouri Midland, and
shares. The first public
reach
total
of
32
company
stocks
a
extension to San Antonio from May 15, 1901.
1/ Figures here given are for three weeks only of the month In both
sale of stock of the recently organized Empire Bank was
t
and were
operations.
years; the fourth
week not yet reported.
GROSS EARNINGS FROM JANUARY
Name
of Road.
1901.
1
TO OCTOBER
1900.
Increate.
Alabama Gt. Southern.
1,912,633
1,682,700
229.933
Alabama & Vicksb'g.
1,591,298
783,601
1,573.971
17,327
151,814
176,555
79.816
78,327
38,857
3,768,010
Ala. N. O. & Tex. PaoN. O. & Northeast'n..
Vicksburg Shr. <fe Pac.
Ann Arbor
Knoxv.
747,514
1,490,501
&
North'n.
Atl Valdosta & West..
441,498
216,373
Baltimore & Ohio
)
40,967,075
Bait. & Ohio So'w'n J
Belief onte Central
42.257
Buff. Roch. & Pittsburg
5,241,932
Burl. Ced. Rap. & No...
4,327,005
Atl.
Canadian Pacific
Central of Georgia
Chattanooga Southern.
Chesapeake & Ohio
Chic.
& East'n Illinois..
Chic Great Western. .
Chic. Ind. & Louisv
Chic. Milw.
St. Paul..
Chic Peoria & St. L..
L.
Chic
St.
& St. P.
&
Chic Term'l Transfer
& Gulf .t..
Olev. Cln. Chic. & St. L.
Peoria
Eastern
Cleve. Lorain & Wheel
Col. Sand. & Hooking.
Den v. & Rio Grande
Dul. So. Shore & Atl..
East St. L. & Carondel..
Evansv. & Indianapolis
Evansv. & Terre Haute
Ga. Southern & Florida,
Choc
Oklab.
<fe
.
©rand Trunk
Gr. Trunk Western..
Pet. Gr. H.
<fe
Milw..
)
>
>
631,787
570,959
1,410,685
303,171
177,516
37,199,065
73,602
13,282,033
4.846,705
6,152,616
3,660,361
36,193,608
35,341
4,791,296
4,048,323
24,720,269
5,320,633
86,700
11,909,901
4.328.479
5,718,336
3,441,351
34,120,657
27,377,191
5,819,600
1.123,717
1,161,243
1,254,848
4,353,32"
15.374.561
2,167.786
1,953,733
962,813
9,666,891
2,140.270
132,290
256,329
1,214,410
1,010,110
1,128,137
2,914,547
14,135,265
1,968.410
1,806,996
23.977,499
22,636,823
926,496
9,061,024
2,200,440
131.040
280.078
1,177,701
993,719
6,916
450.636
278,682
2,656,921
.498,967
1.372,129
518,226
434,280
219,010
2,072,951
126,711
1,438,780
1,239.29b
199,376
146,737
36,317
605,867
"1)250
36.709
16,391
1,340,676
31.
Decrease
all
made
at auction.
made at 205. A block of 100 shares of Fourth National
Bank stock was sold at 245^, an advance of 10 points over
the price paid last week. In the curb market, stock of the
National Bank of Commerce ranged from 387 to 394; sales
were made of Hanover National Bank stock at 695 and of
American Exchange National Bank stock at 295. A bid of
have been made on Wednesday for 1,000
shares of the new stock of the Seventh National Bank.
Last previous sale.
Banks— New York.
Price.
Shares.
330
Nov. 1901— 330 1*
505 Chatham National Bank
First sale.
205
10 Empire Bank
771
Nov. 1901— 762
5 First National Bank
245^
Nov. 1901— 235 1a
100 Fourth National Bank
170
June 1901— 162^
10 Hamilton Bank
Nov. 1901— 265
75 State of N. Y., Bank of the... 265
Trust Companies— New Tork.
5 America. Trust Co. of
276 1*
Oct 1901— 260^
13,098
189i<j
20 Bowling Green Trust Co
Oot 1901— 189*4
7 North American Trust Co
248
Oct 1901— 245
115
was reported
to
—A syndicate has been organized by Charles W.
Morse for
purpose of constructing a modern banking and office
37,526 the
building, to be called the Bank of the State building, on Exchange Place and William Street, running through from
Exchange Plaoe to Wall Street. The structure will occupy
the present site of the Bank of the State of New York,
corner of William Street, also property adjoining on the
60,170
rear at 43 Exchange Place, which was bought last
23,749 spring by the bank, and 45 and 47 Exchange Place (extending to 41 and 43 Wall Street), which has been bought by
The plans contemplate the
the above-noted syndicate.
throwing of the whole property named into one building.
November
16,
THE CHKON1CLK
1901.]
which will be twenty-three stories high, aud the bank will
thus have an entrance on Wall Street as well as on William
Street.
The report that the Morse Syndicate has bought
49 Exchange Place is not correct this property is owned by
the Charles Harvier estate and it is not for sale. The building No. 51, adjoining, is owned by D. O. Mills. The edifice
now occupied by the Bank of the State was erected about
forty years ago, previous to which the property was occupied
by dry goods merchants.
;
$1,000,000,
.
10
which was
later
of the old institution since its failure in June&last.
Comp-
I
mon-ased to $1,500,000, and in
educed to $750,000.
—Among
the banks in the West to whose growth attention ha9 at various times been called In these columns, the
Security Bank of Minnesota at Minneapolis should not be
The progress cf the institution, which
overlooked.
I
during the past three
best displayed in the appended table prepared
added nearly $4,000,000 to
years,
is
its depot-its
by us
—The
Seventh National Bank, as reorganized with a capital of $1,700,0)0, resumed business on Tuesday morning
under the management of Edwin Gould as President;
William H. Taylor and Edward R. Thomas, Vice-Presidents, and R. W. Jones Jr., Vice-President and Cashier, and
George W. Adams, Assistant Cashier. The credit balance of
the bank at the Clearing House was $1,981,000, which was
largely due to the payment by the Comptroller of the Currency to the bank of about $1,403,000, which had been collected by the receiver during hisadministrationjof the affairs
I
Surplus
Qrosi
<*
Aggregate ^-Price.—.
Deposits.
Prortls.
Heixmrets. Bid. Ask.
Skcdbitt Bk. Capital.
OV MlNNKBOTA.
*
I
$
t
Sept 30 1901.... 1,000,000 148,073 7,398,677 8,546,750 120 132
Apr. SO 1901. ...1,000,000
Feb. 5 1901.... 1.000,000
Deo. 13 19OO....l,0OO,CO0
Sept 5 1900.... 1,000,000
Juno 29 1900.... 1.000,000
Apr. 30 1900. ...1,000,000
Feb. 13 1900.. ..1,000,000
Deo. 2 1899.... 1,000,000
Sept 9 1899. ...1,000,000
June 30 1 899.... l.OOO.OCO
5 1899. ...1,000,000
Apr.
Feb. 4 1899.... 1,000,000
Deo. 1 1898.... 1,000,000
Sept 20 1898. ...1,010,000
100,228
192,973
187,654
144,934
127,049
100,000
125,578
226,639
172,261
158,571
124,446
116,855
137,741
106,415
6,764,455
6,515,228
5,171,921
5,058.310
5,142,332
4,882,437
5.014,568
5,258,490
5,077,533
4,949,366
4,670,539
4,733,928
4,560,981
3,905,776
7,854,683
7,708,202
6,359,576
6,203,245
6,269,882
5,982,437
6,140,147
6,485,129
6,249,795
6,108,437
5,794,986
5.850,783
5,698,723
5,014,192
115
100
91
118
....
96
94
95 100
90
95
80
85
65 ....
63
70
63
70
....
67
....
57
....
57
....
Ridgely discharged the receiver on Monday and personally superintended the reopening of the bank. All the
civil suits growing out of the suspension were formally dismissed on Monday. The Seventh National will after April
With the figures above, the Security Bank ranks among the
next occupy offices on the main floor of the new bnilding
in Minneapolis.
Its deposits, it will be seen, now
largest
now in course of construction at the corner of Maiden Lane
stand
against
at
$6,754,455 on April 30 1901 and
$7,398,677,
and Broadway. This structure will be eighteen stories high,
and it will be krjown as the Seventh National Bank Building. but $3,905,776 on September 20 1898. The same progress is
shown in aggregate resources, where we observe figures of
As was announced in this department last week, interests
$8,546,750 for September 30 1901, as against only $7,854,683
identified with the National City Bank have secured control
on April 30 1901 and but $5,014,192 on September 20 1898.
of the National Citizens' Bank at 401 Broadway, and James
The shares are now quoted at 120 bid, 132 asked, which comStlllman, President of the first-named institution, was then
pare with 57 asked February 4 1899— less than three years
elected a director in the Citizens. On Saturday it was anago. The management of the bank is in the hands of Mr.
nounced that the Citizens' Bank had|obtained control of the
F. A. Chamberlain, President; Perry Harrison and E. F.
Ninth National Bank at 407 Broadway, and that the two inMearkle, Vice-Presidents; T. F. Hurley, Cashier, and Guy C.
stitutions will be consolidated after formal assent shall be
Landis, Assistant Cashier.
given by the stockholders of the respective banks at meet—The St. Paul Bank Clerks' Association of St. Paul, to the
ings which will be held December 9. It will be proposed by
the directors at the meeting of the stockholders of the temporary organization of which we referred in our issue of
Citizens' Bank to change the par value of the stock from $25 the 2d inst., has been regularly organized, and the election of
to $100 per share, and to increase the capital from $600,000 to the following officers is announced: President, Otto M. Nel$1,550,000 and the surplus from about $380,000 to $775,000, by son of the First National Bank; Vice-President, Henry Van
the issue of 9,500 shares of a par value of $100 each, of which Vleck of the Merchants' National; Secretary, W. B. Clow of
6,000 shares shall be offered ratably to present stockholders the St. Paul National, and Treasurer, Henry Von Dermeyer
at $150 per share. The remaining 3,500 shares will be dis. of the National German- American. Meetings are to be held
posed of for the purpose of acquiring the capital stock and once a month, and any employe of a bank, trust company or
assets of the Ninth National Bank.
If exchange of stock banking house is eligible for membership, the dues for which
shall be made for this purpose, the stockholders of the Ninth are but $1 a year.
troller
—
will receive one share of the Citizens' for two and one-seventh
shares of the Ninth. On this basis the value of the 7,500
shares of the Ninth is estimated at $70 per share. The
proposition has been informally approved by holders of more
than two-thirdsof the stock of the Citizens', and a large number of the stockholders of the Ninth have signified their willingness to accept the terms which may be proposed for the
—A branch office of
Lamprecht Bros. & Company
Youngstown, Ohio. Messrs.
and Edward C. Munroe have been installed
Messrs.
of Cleveland has been opened in
Joseph Miller Jr.
as
managers of
this branch.
—
The People's Trust Company of Pittsburg, organized last
spring with a capital of $250,000, has purchased property at
South 18th and Carson streets, on which will be erected a
exchange of stock. The nearly-adjoining locations of the
modern banking house. The officials are Mr. William Ruske,
two banks, 401 and 407 Broadway, have made them active
President; G. H. Schmunk, Vice-President, and H. J. Knmer,
competitors for business; hence the proposed consolidation
Treasurer.
will doubtlessresult greatly to the advantage of the Citizens.'
Arrangements have been made for the extension of the
The purchase by the Hanover National of control of the
corporate
existence of the Commercial National Bank of
Ninth, which, as heretofore noted, was consummated on
Detroit,
whose
charter expired on the 11th inst. The new
October 29, appears to have been a step preliminary to the
term
is for twenty years.
No change is to be made in the
action taken last Saturday.
—
expected that Edward S. Schenck, now Vice-President, will be elected President of the Citizens' Bank at the
meeting of stockholders to be held December 9. Mr. Schenck
was for seven years President of the Hamilton Bank, a State
It is
institution located at 215 West 125th Street, which bank is
controlled by the Mercantile National Bank, of which Mr.
Schenck's brother, Frederick
S.,
is
President.
Edward
S.
Schenck was on February 1 elected Vice-President of the
Citizens,' and he has since been the active executive officer
of that institution. The Citizens' is the oldest bank, having
been organized in 1851, while the organization of the Ninth
was in 1864. The Citizens' originally had a capitai;of $300,000, and it was first located at 64 Bowery, later removing to
58, and in 1865, when it became a national bank, to Broadway, corner of White Street. In 1875 it removed to its present
location, 401 Broadway. The Ninth National began business
at the corner of Broadway and Canal Street with a capital of
capital of $500,000, or the officials,
McMillan,
President;
and Cashier, and A.
—The
who
are as follows:
Hugh
Morris L, Williams, Vice-President
W. Ehrman,
People's Savings
Bank
Assistant Cashier.
of Detroit
is
also to extend its
time— thirty years from
This bank, too, has a capital of $500,000,
officers include M. W. O'Brien as President; F. A.
Schulte as Vice- President and George E. Lawson as Cashier.
charter, but for a longer period of
January
and the
1,
—What
1902.
is
said to be the initial step in a contemplated conColumbia National of Buffalo with some
solidation of the
other Buffalo bank was the election last week of three new
directors to the Columbia Board. These are Mr. George F.
Rand, President of the First National Bank, Tonawanda;
John F. Harper, Cashier of the Colonial National of Cleve-
and John Cunneen of Buffalo.
Whether the proposed consolidation be effected or not
(plans for which are still in a formative state), it is under-
land,
THE CHRONICLE.
1042
[Vol. LXXIII.
—
stood that a reorganization of the Columbia National will
take place. Although Mr. Rand is chiefly interested in the
venture and will very likely, it is stated, be made President,
considerable Cleveland capital, aside from that represented
by Mr. Harper, has also become interested in the bank, the
names of Mr. H. C. Christy, President of the Colonial
National Bank, and W. H. Lamprecht, of Messrs. Lamprecht Bros. & Company, being mentioned in connection
with the move. Under the plan proposed, the capital of the
Mr. F. J. Lothrop is the new Cashier of the Leominster
National Bank, Leominster, Mass., of which Mr. Hamilton
Mayo is President. Mr. Lothrop succeeds the late A. L.
The
—The organization has been completed of the Lake Charles
National Bank, Lake Charles, La., by the election of the
following officers; President, H. C. Gill; Vice-President,
Charles S. Ramsay, and Cashier, W. A. Guillemet, formerly
Cashier of the Bank of Poplarville, Poplarville, Miss. The
bank has a capital of $100,000 and intends to erect a build-
Columbia,
President
now $200,000, will be increased to $500,000.
now is Mr. Edgar B. Jewettand Vice-President
George Wadsworth.
Cashier Clifford Hubbell resigned this
week.
—Plans for a new three-story building for the Frankford
Real Estate Trust & Safe Deposit Company, Philadelphia,
have been prepared. The structure is to be of elaborate deThe
by John
sign, entirely of granite.
$125,000
and
is officered
Burditt.
—The Anthracite
The amount
now
H.
Middleton, Vice President, and J. T. Crankshaw, Secretary
and Treasurer;
re-
of
$305,000.
from 8150,000 to $200,000.
the surplus, which has also been added to, is
Benj. Reynolds is President and C. W. Lay-
cock, Cashier.
ing of
its
own.
—The Dollar Savings
institution has a capital of
B. Lennig, President; E.
Savings Bank of Wilkesbarre, Pa.,
ports an increaee in the capital
made
Bank of Toledo,
the proposed increase of $50,000 in
it
its
is
reported, has
capital, raising
to $250,000.
it
—
The convention of the Maryland Bankers' Association
held at the Hotel Rennert, Baltimore, on Wednesday and
Thursday of this week was marked by a large attendance of
delegates, and certainly the programme arranged for the ocappointee.
casion was worthy of the interest displayed. Mr. C. C.
At the meeting of the Pittsburg Stock Exchange members Homer, President of the Second National Bank of Baltion Saturday last the proposed amendments noted in the more, and also of the Baltimore Clearing House Association,
issue of the Chronicle a week ago (an inorease in the initia- welcomed the bankers, his address being responded to by
tion fee from $25 00 to $250, and a provision allowing an ad- State Comptroller J. W. Hering.
In his annual address, the
ditional assessment beyond the annual dues of $50 if expenses President, Robert Shriver (President of the First National
require it) were adopted. Rules for order were modified, the Bank of Cumberland), touched on the prosperity enjoyed by
fine limit raised to $5 and the rules to be in force at all times Maryland during the past year, not alone in the financial
instead of only, as heretofore, between thefhours of 10 and 3. world but also in all other lines of business. Mr. W. T. WarElkton,
—The Coal & Iron National Bank of Cleveland, Ohio, burton, President of the Second National Bank of
contributed to the programme a discourse on " Bankers
which, as noted herein at the time, had issued $300,000 out
Associations," in which the value of such unions was shown.
of the $500,000 increased stock, now reports the full amount
Not
less interesting was the topic discussed by Mr. William
as paid. The bank's capital is accordingly $1,000,000.
G. Baker Jr., of Messrs. Baker, Watts & Co., Bankers, Bal—The directors of the Tiffin National Bank of Tiffin, Ohio, timore, on " The American Banker in History." Mr. Wilelected Mr. Elmer E. Hershberger as Assistant Cashier. Mr. liam Barrett Ridgely, Comptroller of the Currency, and the
Hershberger, having served the bank for eighteen years, is guest of honor, spoke informally at the gathering. A steamwell qualified to fill his new position.
boat excursion to Sparrow's Point and a banquet at the hotel
John P. Hollingshead
Co., note brokers at 45 and 47 were among the social features of the gathering.
Wall Street, and successors of the old, well-known house of
The officials for the ensuing year, unanimously chosen, are r
Dix
Phyfe, have opened a branch office at No. 202 La Salle
President, Mr. Charles C. Homer; Vice-Presidents (of -which there
Street, Chicago, with Mr. William G. Heath as Manager. are 10), Charles 8. Lane, of Messrs. Eavely, Lane & Co., Hagerstown
Mr. Heath has had many years' experience in the commercial 8. A. Williams, President of the Harford National Bank, Bel Air
David Sloan, President of the Lonaconing Savings Bank, Lonaconing
paper business, both East and West.
William T. Warburton William Dale, President of the Pocomoke City
—Mr. H. B. Walker, Treasurer of the Canada Life Assur- National Bank, Pocomoke City Charles W. Dorsey, President of the
acce Company, has been appointed a director of the National Manufacturers' National Bank, Baltimore; William G. Baker Jr.; J.
D. Wheeler, Cashier of the Drovers' & Mechanics' National Bank,
Trust Company of Toronto, Canada.
Baltimore John F. Sippel, Cashier Third National Bank, Baltimore,
certificate has been issued to the Commercial National and John R. Bland, President of the United States Fidelity & Guaranty
Bank of Fond du Lac, Wis. As stated in our issue of Octo- Company, Baltimore.
Secretary (re-eleoted), Lawrence B. Kemp, President Commercial Se
ber 19, in which we also gave the names of the officials, this
Farmers' National Bank, Baltimore.
bank succeeds the Wells Banking House, established in 1870.
Treasurer, William Marriott (reeleotedi, Cashier Western Natlona
3?he Comptroller has approved the application to organ- Bank, Baltimore.
ize the American National Bank of Everett, Wash. with
—The announcement is made that a charter has been asked
$100,000 capital and surplus of $50,000. The incorporators for the Newport Trust Company, which company will absorb
are J. T. McChesney, E. A. Nickerson, Edward C. Mony, and take the place of the Newport, R. I. branch of the InW. J. Rucker and Bethel J. Rucker. The latter two are dustrial Trust Company of Providence. This branch was
President and Cashier, respectively, of the Rucker Bank of originally the National Bank of Rhode Island, and was
Everett, organized in 1892, which is to be absorbed by the merged with the Industrial Trust Company in April 1900.
new organization. The bank will locate temporarily at Among those interested in the new institution, the capital of
— A permanent receiver has finally been
appointed to take
charge of the affairs of the Eufaula National Bank, of
Enfaula, Ala. Mr. J. K. McDonald, of Birmingham, is the
—
—
&
&
;
;
—A
;
—
,
,
Hewitt and Colby avenues, and expects to be ready for business by January 1. It is the intention of the officials to provide a building for the exclusive needs of [the bank, which
will conduct a trust department in addition to a regular
banking business. Mr. McChesney, it is understood, will be
named as President and Robert Moody, President of the
Aberdeen National Bank, of Aberdeen, So. Dak., as Cashier.
—Mr. Edwin W. Robertson has been
of the Central National
$100,000), succeeding
appointed President
Bank of Columbia, S. C. (capital
Mr. James Woodrow.
—Through
the death of William P. Marshall, Mr. J.
Preston Thomas, Vice President, has become President of
the National Bank of Chester County, West Chester, Pa.
Mr. T. W. Marshall assumes the Vice- Presidency.
—The post of Cashier of_the North Ward National Bank of
Newark, which had been temporarily filled by Mr. E. F.
Hartshorn, has been assigned to Mr. Spencer S. Marsh.
is to be $500,000, par $100, are Samuel P. Colt, President of the Industrial Trust; Henry A. C. Taylor, Theodore
K. Gibb3, Daniel B. Fearing, Charles L. F. Robinson, William
G. Roelker, Frederick Tompkins, T. A. Lawton and J. W.
Horton. The Newport Trust Company will be entirely
separate from and independent of the Industrial Trust Company, although a Dumber of those interested in the new concern are closely identified with the Providence institution.
which
—Mr.
Henry
Spencer of St. Louis, and a son of Mr.
President
of the Southern Railway, is to
Samuel Spencer,
address the Bankers' Club of Cincinnati at its annual banquet
Tuesday eveniDg next.
B.
—The Whitney
National Bank of New Orleans has found
necessary to enlarge its facilities for the proper transIn the new quarters,
action of its increasing business.
which adjoin the main building of the bank, a foreign exchange department has been opened. Writing rooms for the
it
November
1(5,
1001.]
THE CHRONICLE.
patron?, commodious accommodations for the directors ami
a dining and reading room combined for the employes have
been provided in the recent addition. Those in charge of the
bank are Mr. James T. Hayden, President; Pearl Wight,
Vice-President; J. M. Pagand, Cashier, and J. E. Bouden
Jr.,
Assistant Cashier.
—At a meeting of representatives of the Clearing House
banks of Atlanta, Ga„ it was decided to extend the hour of
closing of banks on Saturdays from 12 to 2 o'clock. The
order will go into effect at once and remain operative until
April 1 1002. The reason for the departure is explained in
the fact that Saturday's business is among the heaviest of the
•week.
[From oar own correspondent.]
London, Saturday, November 2, 1901.
Early in the week the stock markets were very depressed
and a sood deal of uneasiness prevailed throughout the city.
Since then, however, quotations have recovered somewhat
and there is a better feeling. Still, business is very stagnant
and a oertain amount of uneasiness remains. In Paris the
losses resulting from the breakdown of industrial enterprises
both at home and in Russia are enormous. They have caused
selling npon an extraordinary scale of all kinds of securities
for which there was a free market abroad. Owing to the
measures taken against the coulisse, or outside market, the
Paris Stock Exchange is greatly crippled. Practically the
outside market does scarcely any business, and the seventy
members of the parquet, or official market, are accused,
whether rightly or wrongly, of not very well understanding
a good deal of what ought to be their own business.
At all events, the business done upon the Paris Bourse is
shrinking more and more every day, while the greater part
of it is transferred to London.
It is estimated, for example,
by persons in a position to be well informed, that during the
past few weeks 50,000 Rio Tinto copper shares have been
sold by Paris in London and 100,000 De Beer shares. Bearing in mind the high quotations at which both of these stand
the figures will be seen to be very large, and all other kinds
of securities for which there is a free market were disposed
of in the same way.
This constant selling has naturally caused business to
shrink in London in every direction, for people are afraid it
is the forerunner of some great collapse.
Rumor, indeed, is
busy in Paris with the names of some important institutions;
but the rumors are believed by the well informed to be absolutely unjustified. A few small banks that gave entirely
too much accommodation to industrial enterprises have
locked up a great part of their capital; but the large banks
are believed to be thoroughly sound. There was a very heavy
speculation in the shares of the various industrial enterprises,
and as these have fallen disastrously in many cases from 50
per cent to 70 per cent and in some cases even more, the differences to pay are enormous; and to meet those differences
the sales have had to be made. For the time being, therefore, the Paris Bourse has almost ceased to count.
Yet the
accumulation of unemployed money is enormous, and really
good securities, especially French rente, are in eager demand.
There have been several loans, some of them guaranteed by
the French Government, but most of them to small States
like Denmark; and now there is an issue of French rente
amounting to 265 million francs, or a little under 10}£ mil
lions sterling.
It is expected to be issued very shortly, and
no doubt is entertained that it will be eagerly subscribed for.
The issue is intended to provide the Government with the
total amount of the indemnity to be paid by China, but
which will be paid by China only in yearly instalments.
In Germany matters are even worse than in France. It is
believed by the well-informed that the worst of the crisis is
over, at least in this sense: that no serious failure is now ap
prehended; but small failures are occurring every day and
are likely to occur for a considerable time yet, for the banks
are limiting the accommodation they give in the most rigorous way, and there is over-production in almost all industries.
The Government is giving out orders for railways
and similar things over which it has control; but Government orders do not make up for the general collapse all over
Germany. In Russia matters are still worse; and to add to
the troubles it appears that the failure of the crops is even
more pronounced than has been supposed hitherto. To make
head against its difficulties the Russian Government has
induced its Paris bankers to anticipate the payments of the
instalment of the last loan, and it is believed that it is trying
to induce the Paris bankers to agree to the early issue of
another large loan.
On Thursday the directors of the Bank of England raised
their rate of discount to 4 per cent. Up to Tuesday morning
this was very generally expected, as the withdrawals for
01
1
Germany have been large of late; while the
period is now fast approaching when the internal demands
for both coin and notes will be heavy and the usual shipments will have to be made to South America and to K^ypt;
but on Tuesday and Wednesday the opinion of the city
jre asaumed that the rise in
changed, and it was more and
rates would not be needed, since it wwt believed that France
would obtain what gold she required direct from New York,
and that the German power of taking gold was nearly exhausted. The directors of the Bank of England, however,
have wisely decided not to run any risks, and so far the
market has accepted the decision of the directors with
equanimity, and quotations have been scarcely atfected.
For the moment it looks as if the rise in the JUnk rate
would stop the shipments of gold to the Continent; but that
will depend upon the course of events in France and Germany. If the Paris market settles down, aa the best judges
expect it will, when the new issue of rente is made, money
will once more become dearer in London than in Paris and
the withdrawals of gold from the Bank will cease. On the
other hand, if anything further should disturb the Paris
money market, such, for example, as the threatened coal
strike, which is now believed to be practically averted, but
which for all that the leaders of the men have never openly
admitted to be abandoned, then rates would probably rise in
Paris; and as it is certain that there is a very large debt due
from this country to France, the gold withdrawals might
begin again. Similarly, if anything should happen in Germany to send up rates rapidly there, we might again see
gold withdrawals from London. The best opinion for the
time being, however, is that the 4 per cent rate will be made
effective here and that withdrawals from the Bank will
both France and
m
cease.
Meantime the India Council continues
It offered for
fairly well.
tender on
to sell its drafts
Wednesday 50 lacs and
The whole amount of-
the applications exceeded 1,479 lacs.
fered was allotted at prices ranging from Is. 4d. to Is.
4 l-82d. per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, the prioe of consols, &c.
1901.
Oct. 30.
1900.
Oct. 31.
1899.
I
1898.
Nov.*.
Nov.
M
X
J
S
Jlroulatlon
?ubllc deposits
29.547.806
10,381.404
Jther deposits
Government securities
41807,873
89,862,630
7,865.478
40.50J.441
19,691,034
28,613,890
7,8*0,639
41,186,044
16,185,990
80,068,922
21,597,720
83,411,610
48 16-16
27,672,685
5,948,380
86,366,867
10,659.640
28,455,171
21,099,868
81.872.647
18.016,766
28.1H6.399
Jther securities
23.882,218
deserve of notes and ooln
•o.nAbullion.bothdepartai'ts 36,664.623
Prop. reserve to liabilities.. d. o.
45^,
Sank rate
percent.
4
Jousols, 2k per cent
92 8-16
lllver
25,(169,468
80,387,266
32,424.886
ut%
98J4
Ifc3.573.o00
4
103 15-16
108k
2913-16d.
2«kd
288-16<L
193,160,000
192 9jO,000
170,141.000
-<M%'1.
Uearine-House returns
49 1-16
6
4
The Bank rate of discount and open market rates at the
have been as follows:
ahief Continental cities
Nov.
Rates of
Interest at
Bank
Rate.
4
3
3
Vienna
St.
Madrid
Copenhagen.
..
5«
Bank
3
2%
2%
VA
i%
2%
4
3
4
4
4
8
3
3
2k
nom.
Open
Rate. Market
3
4
4
Petersburg..
Oct. 11.
Oct. 18.
Open Bank
Open
Market Rate. Market
3
4
4
Berlin
Oct. 26.
1.
Bank Open
RaU. Market
3
4
4
4
3
8
4
3
4
3
2k
2W
SH
3
3
3
8«
5K
4
nom.
2k
2k
2*
2*
2%
2M
3k
3
3
4
4
nom.
5«
nom.
4
4
4
4
4
4
4
4
6
4H
6
iK,
6
S
6
5
&
Messrs. Pixley
Abell write as follows under date of
October 31
Gold—The feature has been the demand for Parts; £340,000 has
been taken from the Bank, and the small supplies of bars In the open
market have also been seoured. America has shipped $2,810,00 J to
Paris, but this has not eased the demand appreciably, and to-day,
with the Bank rate up to 4 per cent, the cheque remains at 25 9ij.
The withdrawals from the Bank total £520,00o, of which £130,000
has gone to Egypt. Arrivals: West Indies. £18,000; Aastralia,
£21,000; total, £39,000. Shipments: Bombay, £18,500 Colombo,
£8.000 total, £57,000.
Silver— After touohiog 26^. the lower rates attraoted some buying
orders from the East, and this, ooupled with covering orders for the
end of the month, brought abont a sharp recovery to 263,3d. cash and
2«n 16 d. forward, Amerloa selling sparingiv. To-day's rise In the
Bank rate, with slightlv lower rates from the East, has caused the
market to ease off to 2ti'J 16 d. cash and 26 ^d. forward, closing sellers.
The Indian price Is Bs. 67^. Arrivals: New York, £90.000 West
Indies, £16,000; Australia. £3,000; total, £109.000. Shipments:
Bombay. £160,000; Hong Kong, £22,677; Calcutta, £10,000 total,
#
;
;
;
;
£192,ti77.
Mexican Dollars—The rise in the prioe of silver has stopped the selling orders from Mexico, and we quote 26V1. nearest prioe, with no
business. Shipments: Singapore, £ll,8ti0; Hong Kong, £52,530;
Shanghai, £19,600; Manila, £10,070; total, £84,110.
The quotations
for bullion are reported as follows:
Gold.
Oct.
Oct.
..andon Standard.
31.
24.
SILVEB.
Lo7idon Standard.
'
8.
d.
os.
d.
im
Oct.
31.
34.
d.
d.
Bar silver, tlne...oz. 26» 16 267 1(5
77
Do 2 mo. delivery 26Bs 261*
76 64
76 6k Bar sliver, oontaln'^
do 5 grs. gold. os. 27i is |26i5i a
76 6k
do 4 grs. gold.oz. 2t> 7a 26k
76 6*4 76 6M
do 3 grs. gold.oz. 26ii 16 26» 19
jar gold, line
oz. 7711k
0. 8. gold ooin...oz. 76 6k
Jernvn gold ooln. oz. 76 6k
frenoh gold ooln. ox. 76 6k
Japanese yen
i.
Oct.
i
:
I
oz.2S»8
Cake silver
Mexican dollars. oz. 26 M
(
,23*9
1
26k
THK OBBONKLE,
1044
The following shows the Imports of cereal produoe Into the
United Kingdom during the eight weeks of the season
compared with previous seasons
IMPOSTS.
1898-99
9,660.500
6,189,800
2,334,370
340,760
446,800
7,399,100
2,992,330
1899-00.
1900-01.
12,910,600 10,156,900
4,256, HUO
3,066,000
3,477, '200
4,678,000
605,700
334,010
300,700
293,100
475,800
367.040
9,324,900
7,710.900
7,036,500
3,537,000
3,467,300
2,966,000
1901-02.
Imp'tBOf wheat, OWt.10,086,100
Barley
5,145,400
Oats
3,265,100
Peas
Beans
Indian oorn
Flour
Supplies available for consumption (exclusive of stocks ob
September
1):
1900-01.
1901-02.
Wheatlinported, owt.10,086,100 12,910,600
S.467,300
Importaof floor
2,966,000
4,371,587
Bales of home-grown. 5,257,239
1899-00.
10,158.900
3,537,000
5,450,255
1898-99
9,560,510
2,992, 330
5,177,246
20,749,487
19,144,155
17,730,076
Total
18,299,339
Aver. price wheat, week. 25s. lid.
Average price, season. 25s. lid.
28s.
28s.
28s.
26s.
4d.
7d.
The following shows the quantities
maize afloat to the United Kingdom:
Thittoeek.
Wheat
qrs... 1,920.000
260,000
520,000
Flour, equal to qrs...
Maize
qrs...
26s.
26s.
2d.
Od.
360,000
560.000
Silver, per
ounce
d.
Consols., new, 2% p.ots.
Sat.
ifon.
Tue*.
Wed.
Thurt.
267 16
2638
2638
91i3 16
265 16
91 '8
26B 16
91%
91 ?8
For account
00-8isis
Fr'ohrentes(lnParl8)fr.
Spanish 4b
69 >u
7
Anaoonda Mining
9H3 la 92
100-80 00-72%
6938
69%
104%
7ie
863s
105*8
Baltimore & Ohio
Preferred
HOifl
112
96
96
Canadian Pacific
Chesapeake & Ohio....
Chloa. Great Western
115ifi
115ifl
Atoh. Top. & Santa Fe..
Preferred
86»*
.
Ohio. Mil.
Don.
Do
Erie,
&
& Bio
St. Paul...
Or., com....
do Preferred.
common
1st preferred
2d preferred
Illinois Central
Louisville & Nashville..
Mexican Central
Mexican National
Mo. Kan. & Tex., com..
Preferred
H. Y. Cent'l <fa Hudson..
K. Y. Ontario & West'n
Norfolk <k Western
Do
do
pref.
Pacific pref.
Northern
Pennsylvania
"Phlla. «k Read
*Phila. & Read., 1st pref
*Phila.
Read..2d pref.
w
UP
O
S
H
o
S3
o
H
W
O
O
H
m
&
Southern Pacino
Bouth'n Railway, com.
Preferred
Union Pacific
50i«
50
26%
178 hi
261*
17714
47^
48
97
44
98^
73>4
74.J4
59
145 ifl
59^
11018
23
14
28
66
168 1*
36H)
59%
93
105
*
47%
97%
43%
74%
60%
91^8
26%
48
26%
174%
176
48
97%
43%
74%
61
47%
96%
42 34
73%
60%
142%
108%
275a
56
36%
35%
167%
35*
53%
164%
34%
59»*
5868
144
109%
28*8
56»*
168%
22»8
13%
5K
167
93
93
106
105%
77%
64
63'fl
63
356s
353«
346a
23
93%
109%
95%
93%
109%
59
93
104
2278
40
areatBrltaln
France
South America
all other countries.
Total 1901
Total 1900
Total 1899
74%
233a
28%
62%
34%
93
108%
94%
95 eg
21%
39%
62%
21%
38%
21-2
21
39%
62
62
38%
61%
44%
94%
following are
New York for the week ending for dry goods
for the week ending for general merchandise
8; also totals since beginning first week January,
FOREIGN IMPORTS.
the imports at
and
Dry
Goods....
Gen'l mer'dlse
1900.
1899.
BANKS
Since Jan.
1898.
*2,127,967
10,027,364
81,581,005
9,648,870
$1,759,678
8,210,943
$1,613,001
7,048,699
$12,155,831
$11,129,375
$9,970,621
$8,561,700
of N. T...
Manhattan Co..
Merchants'
Mechanics'
America
Phenlx
City
Uhemlcal
Merchants' Ex..
9allatin
Butoh.& Drov's'
Meeh.<& Traders'
Leather M'f'rs..
American Exoh.
Commerce
Broadway
Chatham
People's
North America..
Hanover
Irving
Citizens'
Nassau
Market* Fulton
Shoe & Leather.
Oorn Exohange..
Oriental
Imp't'rs'A Trad.
Park
East River
Fourth
Central
Second
Ninth
$92,325,880 $100,339,049
388,455,352 361,663,458
$89,370,298
856,885,068
$80,170,768
289,083,082
N. Y. County....
Serman Ameri..
Chase
Fifth Avenge...
German Exoh...
9-ermania
Lin 00 in
Oarfield
Fifth
Bank of Metrop.
2,000,0
2,050,0
2,000,0
2,000,0
1,500,0
1,000,0
10,000,0
300,0
600,0
1,000,0
300,0
400,0
200,0
600,0
1,200,0
6,000,0
10,000,0
1,000,0
1,000,0
422,7
450,0
200,0
1,000,0
3,000,0
600,0
600,0
500,0
900,0
1,000,0
1,400,0
300,0
1,500,0
2,000,0
260,0
3,000,0
1,000,0
300,0
760,0
10,000,0
600,0
260,0
200,0
760,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
200,0
300,0
West Side
Seaboard
200,0
600,0
Western
2,100,0
300,0
600,0
1,000,0
260,0
350,0
600,0
1st Nat., B'klyn.
Liberty
N. Y. Prod. Ex..
NewAmsterdam
Hide
Total 45 weeks $480,781,232 $462,002,507 $445,755,366 $369,253,850
The following is a statement of the exports (exolusive of
from the port of New York to foreign ports for the
week ending Nov. 11, and from January 1 to date.
EXPORTS FROK NEW YORK FOR THE WEEK.
•peoie)
For the week..
Prev. reported
1901.
1900.
1899.
1898.
$10,136,698
432,139,344
$9,060,146
457,615,216
$8,677,993
398,843,220
49,238,064
896,175,169
Total45weeks $442.276,042 $466,675,362, $407,521,218 $405,413,233
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 deduoting from the
amount "previously reported."
Loan*.
13,909,335
Week.
Since Jan.
$
I.
$25,283
4,720
124,982
7,275
223
228,216
2,461,478
529,599
37,261
$132,257
161.851
68,187
$3,286,775
4,145,324
3,481.005
Specie.
A Leather.
Total
2,156,2 20,849,0
2,093,0 24,116.0
1,136,7 12,228,2
2,317,2 14,213,0
8,007,0 19,828,4
267,8
4,697,0
6,630,3 114,137,0
7,000,4 25.638,8
258,8
6,216,1
1,064,7
9,668,1
1,095,0
73,1
133,0
2,669,0
184,1
898,2
616,8
4,387,4
4,701,9
554,1
3,411,2 31,668,0
7,084,6 75,286,1
1,687,3
6,876,0
1,361,8 14,386,7
612,4
2,500,9
5,860.3
977,9
2,166,4
350,8
1,026,8 11,972,9
5,655,2 48,7c6,6
4,159,0
475,3
382,6
3.314,8
2,498,8
289,8
1,012,2
6,132,1
226,0
4,168,6
1,849,7 22,516,0
2,135,7
408,9
6,104,4 23,361,0
3,968,7 48,996,0
160,9
1,179,0
2,563,2 22,768,5
585,2 10,326,0
9,308.0
996,0
1,983,4
71,6
11,407,9 78,981,8
260,0
3,967,1
743,7
3,120,0
604,2
3,901,6
404,8
3,606,4
2,657,3 41,836,7
9,126,4
1,407,9
584,8
2,414,6
866,7
2,945,6
1,014,8 13,732,3
7,628,0
1,158,1
371,7
2,203,2
1,110,7
8,765,7
436,6
2,684.0
1,016,8 13,766,0
2,378,2 35,882,7
620,4
4,236,0
759,0
6,784,3
443,4
4,238,3
7,861,1
603,3
416,5
4,097,0
369,1
2,756,2
Legale.
9
t
4,009,0
5,568,0
1,998,3
2,651,0
2,797,8
1,015,0
28,219,0
8,436,7
1,525,0
2,082,0
1,680,3
988,0
2,340,8
C
Bank
1
Gen'l mer'dlse
\.
24,431
2,491
Capital Surpltu.
Astor
Dry Goods
10,462,94 6
Mew York City Clearing House Banks.— Statement of
oondition for the week ending Nov. 9, based on average of
daily results.
We omit two ciphers (00) in all cases.
First
1901.
*4, 4 12,766
Of the above imports for the week in 1901, $7,675 were
American gold coin. Of the exports during the same time
$254,000 were American gold coin.
N.T.Nat'lExoh.
<$>ommzxtixl and Uttscellatxeous %txos
For week.
43<<,562
852,414
83,349
5,225
$2,081,281 $42,338,027
1,831,830 45,118,068
792,105 89.729,80e
Bowery
7
1,614,387
*269,433
2,837,880
60,249
$2,080,724 $41,341,816
697,495
2,220
248,324
657
21.250
Germany
Paciflo
Price per snare
Nov.
Nov.
120.S00
22,752
120,656
Import*.
Since Jan.
Week.
Mercantile
96
Wekk.— The
^244,196
1,178,868
Silver.
93
40
28%
63%
34%
93%
10»%
96%
44%
95%
StnceJan.X.
*
Exports.
58%
21%
Imports and ExtORTS fob the
4,000
$1,621,109 133,935,370
10,000 47,455,064
2,000 25.988,116
State of N. T....
9614
S9»*
Total 1901
Total 1900
Total 1899
2634
96%
44%
62%
South America
ill other countries.
9reenwioh
455b
"B"
West Indies
22%
13%
104%
74%
$1,764,851
22,678,482
7,684,567
707,587
50,868
34,515
1,114,500
*
1,617,109
France
Week.
1.
103
110%
97%
116%
143%
108%
22%
13%
28%
145
109%
22%
13%
283e
preferred
Deb.
176
28%
do
Do
Do
117%
48%
40
1103s
pref..
1173a
28»8
93%
104%
111%
97%
48%
26%
26%
9H3 19
0082% 10i-80
69*8
69%
7
7%
82%
81%
97%
40
22%
92%
45%
Do
104
111
75
23
40
77
Preferred
D. S. Steel Corp., oom.
Wabash
44
7%
83%
91%
91%
Frt.
Since Jan.
Week.
6d.
1899.
1,620,000
305,000
1,085,000
Import*.
Export*.
Gold.
8a.
English Financial Markets— Per Cable.
The daily dosing quotations for securities, etc, at London
are reported by oable as follows for the week ending Nov. 15.
LONDON.
The following table shows the exports and Imports of
•peoie at the port of New York for the week ending Nov. 9
and since Jan. 1, 1901, and for the corresponding periods in
1900 and 1899.
EXPORT! AMD IMPORTS OF SPECIE IT NEW YORK.
of wheat, flour and
1900.
2,000,000
Last wee*.
1,935,000
265,000
505.000
[Vol. LXX1II.
190,01
6,996,0
2,741,0
556,7
897,7
1,259,8
348,2
864.3
363,0
106.2
892.9
233,0
167,3
147,8
331.7
1,058.0
5,748.8
355,3
1,557,8
401,8
800,8
385.5
1,142,0
6,737,5
416.0
222,2
316.4
685,7
263,5
2,236,0
328,4
1,300.0
3,105,0
183,7
2,460,0
1.607,0
854,0
212,3
2,328.4
405,7
352,0
320,7
260.1
1.803.2
372,4
666,2
327,1
2,380.0
348.6
126.1
488,6
377,0
2,040,0
2,608,8
653,0
425,0
304,7
836,5
231.0
107,8
76,1
298,1
5,826,0
10,040,1
796.9
2,027.6
260,9
817,6
270,4
1,751,9
11,091,4
632,7
902,1
402.3
736,4
928,9
4,227,0
193.9
3.290.0
13,837.0
171.4
4.164.8
2,072,0
1,534,0
38S.9
16,845,1
697,9
360,0
641,2
671,1
11,033,9
2,236,7
213,2
410,2
1.698,8
1,618,7
431,7
1,320,5
388,0
1,869,0
7,938,7
612,0
1,148,1
700,4
1,490.7
840,0
416,6
•
Deposits
„*
Reserve
P.C
31,442.0,
28,648,0,
14,362,8
14,880,01
21,886,7
4,580,0'
128,435,01
28,740,8!
5,681,3
8,232,5
1,330,8
3,051,0
814,1
4,202,8
4,188.7
25-8
26-6
254
24-2
28-6
263
26-6
37-6
273
27-0
31-4
19-2
386
24'7
150
26.212,0
66,088,0
6,876,8
14,857,8
3,123,5
6,078.7
2,778.9
12,177,9
64,528,6
4,262,0
26 2
23 '9
8,18i!,7
230
196
238
208
282
33-6
23-8
80-8
24-5
3,989.8! $8*8
3,054,8 235
4,767,7 25-0
26.528,0 34-3
2,100,6 24-8
20,484.0 •22-4
61,640.0 276
1,336,7 27-3
24.306.5 27-2
18,268,0 268
10.122.0 24-5
2,167,5 278
76.016.1 24 2
3.788.4 26-4
3.327.0 21-1
4.361.5 22-0
3.655,3 233
50.283.6 25-5
10,183,9' 25-5
3,184,6; 27-5
4,864,4! 16-9
18,281,11 24-4
7,736,41 241
2,317,71 23-6
7.483.1 241
2.984,0 25-6
18,288,0 24'4
41,895,8
4,307,0
6,686,1
4,092,7
9,060,7
4,118,0
2.007,2
251
24-7
23-8
24'6
23-4
260
280
81,922,7 98,965,4 886,895,0 1773892 68,865,6 960,419,1 26-8
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.
Banks.
Capital A
Surplus.
9~
Oct. 19., 180,563,4
"
26., 180,686,4
Nov. 2., 180,888,1
9.. 180,888,1
Loane.
Specie.
9
874,939,2 1819419
884,589,7 1829428
891,922,9 1784637
886,995,01773392
Bob.'
Oct. 26..
Nov.
2..
,
9..
Nov.
2..
9..
•
67,632,9 158,410.017,833,0
57,632,9 197,624.0 16,555,0
67,632,9 184,413,0 15,885,0
38,715,3 177,772,0
38,716,3 177,210,0
38,716,3 178,663,0
We omit tv>o ciphers in all these
t including for
Deposits.*
Circ'l'n.
Clearing.
9
9
$
945,114,1
954,486,1
958,062,4
950,419,1
31,376,7
31,783,2
31,876.8
31,821,4
9
13373092
12980804
13588138
13260079
69,802,4
70,394,4
71,634,7
68,955,6
Phlla.*
Oct. 26..
Legale.
9
8,193,0 223.503,0
7,987.0 226,001,0
7,988,0 222,704,0
55,288,0
67,655,0
56,362,0
208,504,0
210,378,0
208,242,0
6,068.0 133.101.0
8,063,01141,324,7
6,587,0 152,119,7
9,733,0 112,782,4
8,881,0, 113,286,0
8,808,0 85,543,2
figures.
Boston and Philadelphia the Item " due to other bants."
November
IC,
THE CHRONICLE.
1901.
Member Banks.— The
KeportH of Non
tatement
week ending Nov.
We
9,
following
non-member
of condition of the
banks
Is
the
for
the
The exports from the several seaboard ports for the week
ending Nov. 9, 1901, are shown in the annexed statement:
based on averages of the dally result.
omit two ciphers f 00) in
w York
•
<ul ctts'es
49&121
Me.
lt'tf.661
Sur- Loaned
fa
]T
(OOi ouiuted.)
Deposit
Lea.T.
Notei
ment!.
Net
nthrr
Agent. Itks.&i
Invest- iv.-cie
plus.
.irit/i
I'blladelphla..
37 2.000
Hew
Borough of
Manhattan,
f
Coin ml) la.
1766,4
2659.0
117,0
1185,91 43,2
64.6
1359,2
20,8
1385,7
1709,0 121.4
2236,7 108.6
40,2
1432,2
27,6
1573,3
2325.0 190.0
19,0
1026,3
3754,0 837,0
37,0
1361.0
48,8
1046.4
44,0
2273,9
58,7
1602.2
8.9
697,6
11,8
447,6
11,0
842,2
11,9
888.7
6,4
192,2
0,8
120,0
—
1227,7
1876,6
1074.7
873,5
705.1
691,8
2738,0
3711,4
991,3
728.4
3961.0
2783,0
904,4
894,t)
634.7
1128.2
618,8
827,9
809,7
.
Borough of
Richmond.
Bank of Staten Isl
lstNat.,Staten Isl
25,0
100,0
Other Cities.
1st Nat., Jer. City.
Hnd. Co. Nat., J.C.
Sd Nat., Jer. City..
SdNat., Jer. City..
1st Nat., Hoboken.
3d Nat.. Hoboken.
400,0
360,0
350,0
300,0
110,0
125,0
>
37.0
I
I
140,9
217,0
126,5
JBleventb Ward...
82,3
Fourteenth street
20,0
Oannevoorl
100,0
Hamilton
69,5
Mount Morris
200,') 163,7
Mutual
147,8
200,0
Nineteenth Ward.
100,0 222,6
Plaaa
100,0 129,6
Riverside
100,0 283,8
SUte
42,7
300,0
Twelfth Ward
75,4
Twenty-third W'd 100,0
200.0 369,1
Union Hquare
100,0 223,3
TorkrUle
100,0
30,3
Washington
200,0
96,1
Fidelity
100,0
59,1
Varlok
200,0
64,1
JeOerson
62.2
100,0
Century
Wash'pton Heights 100,0 100,0
Boro'h 0/ Brooklyn.'
150,0 126,1
Bedford
100,0 180,3
Broadway
300,0 167,4
Brooklyn
100,0
34,3
Eighth Ward
100,0
73,9
Fifth Avenue
150,0
61,0
Kings County
Manufaot'rs' Nat'l. 252,0 437,3
360,6
500,0
Mechanics
MMh's' A Traders' 100,0 186,b
23,8
100,0
Merchants'
Nassau National.. 300,0 626,6
573,6
300,0
National City
100,0 144,7
North Side
100,0 123,9
Peoples
78,2
Seventeenth Ward 100,0
200,0 243,3
Sjprague National
54,2
Twenty-sixth W'd. 100,0
100,0
60,5
Union
100,0
65,9
Wallabout
100,0
800,0
100,0
100,0
aoo.o
200,0
260,0
Ooloalal
621,6
731,6
68,6
86,8
11.8
11.4
61,6
18,8
86,9
32,3
320,3
189,0
21,0
7,2
165,0
143,0
9.6
40,1
8,8
94,1
18.0
27,3
35,6
•
306,1
338,0
175.2
213,7
133.4
124,6
262,2
216. H
288.0
108.0
70,7
162,0
96,0
56.2
84,4
85,8
62,1
62,6
129.8
126,4
27,7
97,3
188,5
100.0
47,0
64.4
68,8
120.1
123,3
84
3
1674
220.0
86.4
169.0
170,0
101,8
236.3
157,5
47,0
25.4
86,1
71,4
23.8
12,1
88.6
147,7
30,6
35,1
81,1
25,4
142,1
144,6
66.6
53,2
271,0
261,0
51,1
61,5
42,6
18,0
867
64,6
80,6
35,0
*8."7
6.0
62,3
0.3
41,1
298,0
10,0
14.1
6,'4
90,2
4,9
8.8
8,9
16,9
10.0
74,4
44,0
70,0
31.9
66,4
31,3
46,0
2 6
56,6
36,4
210,7 1159,0
58,3 219,0
19,0 231,9
66,3 358,8
31,8 202,3
35,5
40,3
258,8
108,9
44,18
182,6
6,7
(W.Bo'U
211,441
800,209
2.178,130
640,711
time '00.. 1.274,250 3,664,660
Same
.
Nov.
1076 8
week iimi since
462,0
1731,0
dunea Kingdom
Julu
4
1
to—
1.66D.493
1.11' 6, 653
895,031
2U.700
87 524
22,( 90
22.030
4,323
Uher countries
706
887,740
488,519
67.134
161,887
211,441
808,209
6,937,688
6.269,212
Total
Total 1900
12 14,7
1781,9
1080.0
861,2
644,7
710,6
3214.4
Wheat,
in store at—
Corn.
HarUv.
Oats.
Do
4406.0
1010,1
732,2
4291,0
3170,0
804.6
963 8
640,5
1009,9
603,9
704,3
801,0
Mllwaukaa..
1,464,315
682,800
641,700
49,100
1.330,226
1.879
2,616.290
26,280
300
141,995
8,300
48,976
76,346
58,142
8,437
181.485
61,395
1,636,283
160,000
Minneapolis.
Cleveland ...
St. Loaii ....
213,200
afloat
825
13.197
85.601
183,817
192,217
14,650
274,842
284,016
219,600
1C8.000
149.800
8,260
801,660
91,682
164,186
82.000
871,000
212,800
176,800
105,000
638.866
437,706
6,797,763
1,901,419
8,717,808
1^689,220
4,552,463
2,836,529
2,078,520
1,681,273
881,673
6,515,690
8,668.191
8,124,866
1,910,686
l»fll
7,066.962 110.670,723 42,875,702
1800
1899
6,868,057
6,667,750
59,214 619
60.681,236
62,918,664
Tot. wk. 1001
Same wk. '00.
Sam* wk.TO.
Binei
Aut
1
Barley
bush.
227,000
10,000
688,000
62,000
110.UOU
89,000
181,000
68,uUu
146,000
5,000
186,000
18,000
2,474,000
1.858.000
45.000
1,000
834,000
635,030
479,000
1,020,000
_
at—
NawYcrk.
Rietifti
Fiour,
tfhtat,
bbit.
buth.
Orleans*...
170.748
58.920
19,166
92.504
121.660
H.076
11,520
Newport News...
111,800
Boston
Montreal..
Philadelphia,
Baltimore
Blohmond.
Hew
Portland.
Me
6,236
Pensaoola
Mobile
Total week
Week
1900
420.800
393.414
483,074
H0.H71
818.771
18,211
106,000
130,853
188,669
16,000
Oorn,
bush.
Oeti.
buth.
107,800
95,167
112.6 JO
20,833
113,030
14,208
18,000
667,900
134,234
26,088
83.016
84,278
'43,000
isi'.b'o'o
1,631,000
787.666
8,606,158
1,883,151
501,418
4,177,172
1,118,385
1.176,821
Barley
,
...
Rye
Total grain.
New
898,000
691,000
63,6'o'6
lfe'.'ooo
99.000
10.000
1.108,000
10*5,Q6b
157.'666
792,000
435.000
14,000
29,000
164,000
48,000
11,000
8,000
1,000
1,876,000
210,000
337,006
172,000
328,000
516,000
Nov. 9,1901.. 41,959,000
Nov. 2, 1001.. 41.102.000
Nov. 10. 1900.. 60,703.000
Nov. 11.1899.. 52,664.000
Tota Nov. 12. 1898.. 19.194.080
12.641.000
12,900,000
0,785 000
11.830.000
28.620.000
7,790.000
8,098,000
12,842.000
6,706,000
6.499.000
Do
10,121,000
„ 8,878.000
afloat
...
lansaiCltr
Peoria
Indianapolis
in Mississippi Blver
)n
Lakes
Dn canal and river.
..
Total
Total
Total
Total
2,689,000
8,886.000
8,509.000
2,811,000
3,841,000
& Son
:
Stocks.
Stocks.
N. Y. Prod. Ex.,
assessments paid. $115
Amer. Devel. Co.,
Ltd
$10 each. .75o. persh.
125 Steel Tired Wh'l Co.,oom. 80
30 Century Realty Co
100
5 First Nat Bank, N.Y... .771
8H Globe & Rut.Fire Ins. Co. 05
20 Bowling Green Trust Co.l89ifl
20 Bond & Mort. Guar. Co. .413
10 Lawyers' Title Ins. Co.. 352
3 Lawyers* Mtge. Ins. Co. 233 19
7 North American Tr. Co. .248
5 Trust Co. of America
276>4
15 Amer. Surety Co....l85-185 14
330
505 Chatham Nat. Bank
245 1a
100 Fourth Nat. Bank
B'k
N.
75
of the State of
Y..265
205
10 Empire State Bank
20 Empire City Fire Ins.Co. 90
10 Hamilton Bank of N. Y..170
Bonds.
$14,000 Brooklyn & N. Y.
Ferry Co 1st 6s, 1911,J&J.115»«
$1,000 Ohio. Ry. Term. Elev.
60
Co. 1st 6b. 1943
$5,000 United Trao. & Eleo.
Cert.
100
memb.
Brit.
—
fPawMttfl
Spencer
2T
dc
29
Co. of Providenoe, R. I., 1st
114^ & Int.
5a, 1933, M&S
and
Hfttmujctal.
Trask &
BANKERS,
Co.,
....
PINE STREET,
NEW YORK
Transact a general banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIESMembers N. Y Stock Exchange.
Branch
Office, 67 State St.,
Albany
Alkxandbb M. White
&
Jb.
White,
BANKERS,
68,126
70.617
Members^New York Stock Exchange,
No.
Orleans for roreun
1
NASSAU STREET,
-
-
-
NEW YORK.
INVESTMENT SECURITIES.
Nov, 9 compare as
1899.
103,037,981
178,471,786
81,039,635
10,114,810
6,168,b68
113,667,653
176,819.181
83,980,691
l,600.28i
13,260,689
376,185,509
Tracy
1808.
88,888,463
321,028.674
2.132,000
2,014,000
1,186,000
1,251,000
1,021.000
Auction Sales.—By Messrs. Adrian H. Muller
Moffat
.bush. 140,861,107
"
101,113,182
"
64,427,669
811.600.613
291.000
285,000
87.780
1,424
18,818,278
69,471,138
9,031.195
2,192,232
801,000
817,000
716
18.860.183
4,698,8153
44,000
783,000
215,000
U
"4,407
18,962,488
8,611,902
21.006
16.000
631,000
7,800
bbls. 19,344,281
164,5»2,56-i
453,000
*87,6bo
Gboboe Babclat Moffat.
146.681
182.276
'
'
afloat
23.000
600,103
499,768
'28.0M
sss.boo
6,826,000
488,000
Do
21.476
161,068
Total receipts at ports from Jan, 1 to
folio ws for four years:
1901.
1900.
Receipts ofWheat...
Corn
OatB
but*.
24,32'!
• Receipts do not tnolude grain passing through
ports on through bills of lading.
loiw
BH,
85,700
8,760
12,884
39,200
6,197
" 8,000
807,000
168.000
Minneapolis
Louis
ports for
buth.
887,000
6.643.000
rt,Will'm4Pt.Arthur 1,416,000
6,785,000
Juluth
2,761,208
Barlet
84.0UW
80,000
680,000
afloat
10,708,664 4.791,708
19.828.9P!. 8.021,227
The receipts of flour and grain at the seaboard
the week ended Nov. 9, 1901, follow:
28 000
*
afloat
Do afloat
Milwaukee
afloat
Do
7.000
1
• • • • • v •«
81,000
afloat
_
16,778.736
17,352.167
80,130.430
260.0OCI
1.
99,518,362 66,453,078
92.287,566 76.942,304
1901.
bush.
8,110,083
7.787,690
48U.06T
430,t01
131,422
154,381
1,
But,
bush.
1,009,000
17,000
221,000
33,000
Do
930
826,400
8,600
Kansas Olty.
73.400,131
840,711
81.415.166 3,681,619
Galveston
Montreal
Toronto-
»etrolt
102,369
15,398
6,002
15.000
2,011
456.00C
958.000
600,000
IkloagO
80,434
40,000
23,849
27,890
33.:;0j
60
05i, ooi.
DO
6083,6
1888,5
1046,1
1175,9
2142,1
804,7
156,476
111,220
39,300
Philadelphia
aaltimore
Sew Orleans
Do
680.3
684,6
'.
43,311,6119
310.766
284,017
soiton
I'oledo
lite.
606,500
467.000
Since July
llUfll.
80,000
buth.
4,194.000
42,000
Soflalo
Bbii.waibi Buth.eotbi Bush. 6616s Buth.Mibt ButhASlbt Uu.teib,
181,232
111.876
Wetk
Not'. 9
Oati,
buth.
874,000
Corn,
bush.
ewYork
all
Wheat.
1K01
bush.
80JJ77.O1O
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Nov. 9, 1901, was as follows:
:
flour.
Jidi/
142,196
2,178,180
1,274,860
since
,
t
1,
9.
8,695,765
& 0. America.
West Indies
Sr.N.Am. Colo's
Jontlnent
i.
2687,7
1403.1
690,1
427,6
932.6
873,6
84.0
Nov.
1901.
1,
8.
bbls.
l-'4,7 2
Bint
ltl.IOH
116.208
week and
— Wheat.
July
.
.
82.7V5
82.780
8,571
46,278
of these exports for the
as below:
n
Breadstnffs Figures Brought from Page 1073.—The
tatements below are prepared by us from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Nov. 9
and sinoe Aug. 1, for each of the last three years have been
at—
685,888
832,897
The destination
•Jept. 1, 1900, is
Totals Nov. 0.. 8062,0 9208 1 71777,6 3108,7 4345,2 8350,8 1778,8 77842,2
Totals Nov. 2.. 8362,09217,6 72007,78263,8 4168,2 7848,5 2204,0 78749,8
Totals Oct. 28.. S262,0:9117.6 71873,8 3285,4 4260,6 7721,0 2389,1 77800,8
£«<«i»tl
50.687
23,000
Total week
36,5
60,6
13,300
18,152
1.858
168,000
16.000
..
8.571
s.701
151.068
86.708
Mobile
11986
78,'2
11.5
19,9
16,0
907,7 6364.3 207,6
66,8
600,1 2186,5
803,1 1178,1
64,3
899,*
35,3
242,6
469,2 2147,4 100,4
113,8
977,9
26,1
t
96,6
104,3
17,8
26,8
Jalveston
Pensaoola.
1950,0
2809,0
1308,1
1513,7
1489,2
1820,6
2821,7
1416,8
1833 2
1825.0
8,0
143,4
188,3
127,2
44,2
84,2
83.4
802,0
416,2
79.9
38,1
547,0
439.0
43,3
66,0
73,8
147,0
125,6
74.1
46,1
20.198
80
Newo'rt News 180.858
216,692
Montreal
NiW VOHK CITY
16,108
102.866
2U0.T0O
Orleans..
Marls*
buth.
11.6H
rsono
Baltimore
I'rposiU
Hye.
bush.
bblt.
102.023
161.527
666.018
iOlton
Plow,
Oorn.
buth
ifntal.
buth.
frtm—
Mioworts
Portland,
BANKS.
101.")
391.214,708
&
No. 40 Wall
CHICAGO.
Co., Bankers,
Xtiect,
NEW YORK.
Connected by private wire.
MILWAUKEE.
Dealers in High Grade Bonds.
1
Ustlof Current Imastment
Momhnro J New York Stock Exchange.
JBtmDer3
1 Chicago Stock Exchange.
offerings sent
on Application,
Comnilmlon Orders
Executed lu all Markets.
THE CHRONICLE.
1046
CSa^jettje*
ItlVIIIKMlN.
of
When
Per
Company.
—
KailroiuN (.Steam).
2 Hi, Nov
2 "a Nov
Atlantic Coast Line, prof
OatawlHsa, pref. stocks
Deo
1
2
Nov
1*4
1
Dec
Deo
3
Ranks.
People's, Brooklyn
,
do
(extra)
Miscellaneous.
1
Adams Express
2
,
do
(extra)
American Cereal (quar.)
do
American Express
do
do
2
2
3
,
(extra)
Nov" 19
Dec 16
Dec 2
1
Nov
21
to
to
Nov 16 Nov 13
Nov 15 Nov 13
to
to
Nov 15
Nov 15
Deo 2 Nov 16
Deo 2 Nov 16
Nov 20
to
to
Dec
Dec
2
IHj Deo
2 "a Dei
2>a Deo
2
1
ii
Nov 21
National Biscuit, com. (quar.)
do
do
pref. (quar.)
N. Y. & Hoboken Kerry (quar.)
Nlles Bement Pond, com. (quar.)
Nov 16
1
1H2 Deo
1 34 Dee
Steel, pref. (quar.)
1
Dec 2
to
Holders of rec.
to
12 Dec 2
to
16 Nov 28
Jan
to
Jan 15
5
1
to
1 34 Nov 30 Nov 21
to
2 Nov 23
l l4 Deo
Diamond Match (quar.)
Laclede Gas Light, pref
1
Holders of rec, Nov 30
.Ian
2 Holders of rec. Nov 30
Nov 16
to
Nov 16 Nov 10
2
1 34
Consolidated Gas, Baltimore
Park
to
to
5
Dec
1
to
2
Nov 21
Nov 15
Nov 15
to
to
to
Nov 20
Pittsburg Brewing, com. (quar.)
1
do
do
pref. (quar.)
1 34 Nov 20
Railway Equip. Corporation (m'thly)..
l"a Nov 15
t Final dividend for quarter ending Dec. 31, 1901.
Dec 12
Sovereigns
Napoleons
XXReichmarks
Dec 2
Dec 6
Dec
1
Nov 20
Nov 20
financial conditions.
As to the latter, when viewed from a domestic standpoint,
there seems to be no diminution of industrial activity, but
the international trade statement for October is less favoraable than that for the corresponding month last year. It is,
however, more favorable than for October, 1899/
Foreign exchange rates have advanced to very near the
point at which gold may be shipped direct to London at a
profit and $4,602,770 has been shipped to Paris this week.
Naturally the money market Is firmer and the tendency of
rates is upward.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 3 to 5 per cent. To-day's rates on call were 3 to 5
per cent. Prime commercial paper quoted at
5 per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £259,266, and the percentage of reserve to liabilities was 45*91, against 46*44 last
week; the discount rate remains unchanged at 4 per cent.
The Bank of France shows an increase of 19,400,000 francs
in gold and 350,000 francs in silver.
The New York City Clearing-House banks in their statement of Nov. 9 showed a decrease in the reserve held of
$3,703,700, and a surplus over the required reserve of
$8,689,925, against $10,482,800 the previous week.
4%@
from
previous week
$
Capital
Surplus
Loans <fe discounts
Circulation
Net deposits
Specie
Legal tenders
Reserve held
Legal reserve
Surplus reserve
Notb.— Returns
1900
1899
Nov. 10
Nov. 11
$
$
81,922,700
98,965.400
886,995,000 Deo
31,821,400 Deo
950,419,100 Deo
177,339,200 Deo
68,955,500 Deo
$
4,927,900
54,500
7,643.300
1,124,600
2,579,200
74,222,700
90,109,900
785,656 500
30,705,700
831,091,800
156,256,700
66,122,300
69,422,700
79,083,700
688,385,000
16,366,400
744,801,000
137,074,100
46,337,200
246,294,700 Deo 3,703,700
237,604,776 Deo 1,910,825
212.379,000
207,772,950
183,411,300
186,200.250
8.689,925 Deo
of separate
1,792.875
4,606.050
def.
2,788,950
banks appear on page 1044.
—
Foreign Exchange. The foreign exchange market has
been decidedly strong and rates advanced to the highest
point of the season.
To-day's actual rates of exchange were as follows: Bankers'
sixty days' sterling, 4 84%@4 84%
demand, 4 87%@4 87Jg
cables, 4 88%@4 88%; prime commercial, sixty days, 4 84@
4 84%; documentary commercial, sixty days, 4 82%@4 84%;
grain for pavment, 4 84^@4 84%
cotton for payment,
4 83%@4 83%*; cotton for acceptance, 4 84@4 84%.
Posted rates of leading bankers follow:
;
;
November 15
Sixty
Demand
Days
Prime bankers' sterling bills on London. 4 84"a ©4 85
Prime commercial
'©4 84*4
.
4 84
Documentary commercial
4 83*4 @4 84*a
4 88
©4
Paris bankers' (Francs)
5 15<%
©6
Amsterdam (guilders) bankers
Frankfort or Bremen (reiohm'ks) bankers
*
Less
5 18*s
40iie
96
©5
©
©
17*11*
40>u
405 l6
95Hs
96**ig
©
©
88*a
16*
40%
95*a
"-is.
The following were the rates of domestio exchange on
at the under-mentioned cities to-day: Savannah,
buying % discount, selling par; Charleston, buying par,
New York
is
Nov.
Nov.
Nov.
13
14
IS
Q—Jan
Q —Jan
109
109
•108 34 •108 34 •108*4 •108*4 '108*4
-108 34 *108 34 *108 34 '108»4 '108*4
Q— Feb
Q— Feb
Q— Feb
Q— Feb
Q—Jan
Q— Jan
Q— Feb
Q— Feb
Q— Feb
Q— Feb
108
108
•108
108
•i"08" •ios" •ids" '108
•108*4 * 108*4 '108*4
•108
]
•ibS" •108
112*4 *112*4 •112% •112»8 •\vz\
112*4 "112*4 *112\ *112 a8 •112»6
108
*108
•i'o's"
*139
*139
*107
*107
•139
•139
•107
•107
•139
•139
•107
•107
108"
112%
'112*«
139
139
107
107
Coins.— Current quotations in_gold for coins and bullion:
Deo 16
has been based on the general understanding that such a
plan was being formulated. This matter being no longer
in suspense, the security markets will no doubt in future be
more exclusively controlled by general commercial and
Differences
•This
Nov.
19
Nov.
9
•139
•139
•139
•139
•107
•107
•107
•107
the price bid at the morning board: no sale was made.
Jan 17
Dec 1
WALL. 8TK.EET. FRIDAY, NOV. 13, 1901.-5 V. M.
The Money Market and Financial Situation.— The important event of the week in Wall Street has been the announcement of the plan under which the Northwestern
railway situation is or will be settled. The result of this
announcement in the stock market was disappointing to
those who expected an advance in prices to follow, and
shows that the strength of the market for some time past
1901
Nov. 9
2s, 1930
registered
2s, 1930
coupon
2s, 1930 .sma.1. registered
2s, 1930 .small
coupon
8s, 1918
registered
8s, 1918
coupon
3s, 1918, small.reglstered
8a, 1918, small
coupon
4s, 1907
registered
4s, 1907
coupon
4s, 1925
registered
4s, 1925
coupon
6s, 1904
registered
6s. 1904
com on
Nov.
11
Periods
Interest
Nov 20
of ree.
Deo
J;m
1
American Radiator, pref. (quar.)
Barney & Smith Car, pref. (quar.)
1
;
Nov 15
to
to
6
Holders
Dec 11
Nov 16
1
,
Detroit United Ry. (quar.)
ao
Nov
Nov
1
Mexican Northern (qaar.)
Northern Vaclno, pref.1
North Pennsylvania (quar.)
Htrret Railway*.
American Railways, Plula. (quar.)
Francisco, 10c. per $100 premium.
United States Bonds. No sales of Government bonds have
been reported at the Board this week. The following are the
daily closing quotations
for ytarly range see third page
following*
Book* Closed.
(Day* Inclusive.)
Cent Payable]
LXXni.
selling 1-10 premium: New Orleans, bank, par; commercial,
$1 00 discount; Chicago. 20c. discount; St. Louis, par; San
autuers'
Name
[Vol.
$4 85
3 84
4 73
25 Pesetas
4 78
8panish Doubloons... 15 50
Mexican Doubloons.. 15 50
Fine gold bars
par
©$4 88
©3 88
©4 78
©
4 83
©16 60
©15 60
@
*4
prem.
Fine silver bars
Five francs
Mexican
dollars
Peruvian sols
English silver
United States trade
dollars
— 57
— 93
—45
— 42
© — 68*4
© — 96
© — 47
@ — 44*»
$4 81
©$4
85
— 62 ©-70
State and Railroad Bonds.— Sales of State bonds at the
Board are limited to $22,000 Virginia fund, debt 2-3s at 98.
The railway bond market has been active, the volume of
business averaging about $5,850,000 par value per day. This
average was increased by heavy dealings in Union Pacific
and Third Avenue issues, both of which showed some tendency to weakness, and close fractionally lower than our
last quotations.
Chicago Terminal Transfer 4s were also
heavy and sold off about 3 points. These were exceptional
in this regard, however, the active list generally showing
small net gains. Standard Rope & Twine 6s were notably
Other than the above the active list includes BaltiBurlington & Quincy, Fort Worth & Denver
City, Erie, Northern Pacific, Reading and Wabash issues.
Stock and Bond Sales.— The daily and weekly record of
stock and bond sales at the various stock Exchanges, formerly given on this page, has been transferred to a place by
itself.
It will be found to-day on page 1053.
Railroad and Miscellaneous Stocks.— The stock market
has continued active, daily transactions averaging nearly
1,000,000 shares. The upward movement noted last week
remained in force through Monday and part of Tuesday,
since which there has been liberal selling to realize profits
and the reaction which resulted was accelerated by aggressive operations on the short side of the market.
To-day's market, although less active, was firmer in
tone and some recovery has been made. There were
a few noteworty features, including Chicago & Eastern
Illinois, which advanced 9 points on Monday, closing with a
net gain of ft% points, Chicago Indianapolis & Louisville,
strong.
more
& Ohio,
Hocking Valley, and the
local transportation issues. Of the
Metropolitan Street Railway advanced over 12 points
and Brooklyn Rapid Transit over 7 points, on the theory
that a change in the city government will be advantageous
to these properties. Transactions in Union Pacific were on
a very large scale, aggregating nearly 200,000 shares on
Thursday, and it closes with a net loss of 1% points. With
few exceptions, in addition to those mentioned, the active
railway list closes lower than last week.
Trading in miscellaneous stocks was dwarfed by the interest manifested in railway issues, and changes in the former are generally unimportant.
Outride Market.— The improvement in the outside market which followed Election day reached its heighth early
in the week when the curb market enjoyed the most active
business in some time. Trading was well distributed and
practically all prices advanced. The latter part of the week
the volume of trading diminished and prices to some extent
fell off.
To-day the market was rather quiet, with prices
irregular. The notable event of the week was the appearance on the curb of the stock of the Northern Securities
latter,
Company, which
sold at 110 on Thursday and 109%@108%
to-day; also the new convertible 4s of the Northern Pacific
RR. (See Investment News, page 1062), which were quoted
to-day at 110 bid. Other new issues were the stock of the
Eastern Steamship Co., capital $3,000,000, which sold at 40@
Smelting
42, and the stock of the North Platte Mining
Co., which opened at 16% on Monday and sold to-day at
19%. Among the more active stocks, Union Copper was
dealt in in large amounts, from 4% up to 7% and closes at 0%.
White Knob Copper advanced from 20% to 23%, but fell
back to 21%, while Adams Copper moved up to 44 from 40.
Consolidated Oil of California sold at 59 cents last Friday
and at 74 cents to-day. American Can stocks were fairly
active. The common advanced from 19% to 19^, declined
to 18%, and to-day came back to 19, while the preferred rose
from 66% to 67, fell off to 64% and to-day got back to 66 at
the closing. Storage Power closed at 6% bid, against 4% a
week ago. It was as high as 7% yesterday. International
Salt certificates changed hands to-day at 26, compared with
32 last week, and Dominion Securities closed at 87%, against
89%. Standard Oil sold to-day at 700 ex-dividend; its highest price this week was 718. United Railways rose from
86% to 89%. Outside quotations will be found on page 1053.
&
New York
Exchange— Stock
Stock
<l<
(
Record, Daily, Weekly and Yearly
TWO l*\(.l -
IM.
l*\
I
STOCKS— 1I1U 11 1 ST AND LOWEST SALE PRICES
Honda
Saturday
J
it
\ie stt
ay
11
Nov. 1J
11
tdtu
Thursday
Not).
Nov. it
IS
KM KNEW YORK STOCK
rido
Nov. IS
/
•/
II
K.nli
20% 98
68
(id
101%
•28
1
84
1
1
>2-\
108
»4%
04
i.i".
'
116% 117
139% 139%
112%112%
84%
•1..:
171
48'.
80S;
77 V
181
26V)
83% 64
jM'i 83
101% 102%
Ills',
96
66% 68%
96 V
07
69
liP'i.,
84 %
177
•17;;
48%
38%
1
.
.
78
193
4;i
73%
178%
182
210V
147**
U7%
•143
•194
J
46"
78
78
186
130
137
19
21
147
•212
Hi
176
47 V
'178
47
37 1
78
78
20% 21 \
H
25% 20%
93% 93 %
90
90V
14%
-
173
173%
14'4
66
14%
,
210
211
•230
940
25% 26
'
173% 174
40% 47
95% 90%
4
90I4
•50**
20%
149
•20%
201..
42
'4
42%
71
'4
72
57% 67%
42%
42 V
•11% 12
20%
42%
71%
67%
68%
20%
43 5
73
,
58%
11%
20%
42%
72%
59
58
59
•80
90
•80
197% 199% 199
202
199
•69
•SO
69 %
90
68% 69
172
172
40%
47
40%
37%
37
77% 78
7s
,
89
.
;
5
%
20
3
1
%
100
124
•122
60
78
62%
62
w
Jersey..,
a Ohio
Alton
ihesapi
.ik.
1
Ihloago
<fc
Do
prat
'luoago Hurl. Ai
s(
,
Do
ill
25% 26
i>ri'f
1
in
Do
5 p.
4 p.
Do
prel
1
a
prof.
"A"..
!•.'..
pre!
ihia indlanap. 4 LouIst
1
<•.
32 5
134
325
69
134
340
•130
75
107% 108
•69
131
320
14%
14%
14
65
%
S5
%
26% 25%
172 172%
287
40% 46%
95%
49
49
70
*60
73%
69%
•41% 44
11% 11%
20% 21%
42% 42
72% 73%
59% 00 \
59
90
•80
11%
21
43%
59
202% 199
59 V
90
200%
61% 62%
63
•131
134
,
35% 35V
68
91
58 l4
91
9%
62
•130
108% 108% 108
120
122 122
32
32
32%
85
87'.,
87
27% 27V 27
147
44% 44%
90
90
•68
93
100
70
13
70
147%147% 140% 147% 146
-42
90
43
•90
45
90
•95
71
100
104%105
43% 43% 44
45% 45
78
78
77% 78
78%
66
64% 65
60 4
55%
1
24
J in
62,0
9
S5
deb.
Valley.
Do uref
illinois Central.
owa Central
Do pref
ctf.
B
Hocking
02 %
1
'.
130
130
128
315
130
108
123
Do
133
330
pref
Shore
L.
-70
&
Mich. South'n
72V Long Island
105% 100% Louisville & Nashville.
l'2.s%130
Alanhattan Elevated.
104% 169% l'Aetropolitaii street..
•38% 40 Met. West Side El. (Chic.)
•91
98
Do pref
22
22% Mexican Central
13%
•130
107% 107% 108
121% 121% 120
128
14
.Mexican Nat/1 tr. receipts
Michigan Central
Minneapolis it St. Louis
140
109
Do
125
pref
Minn. S. P. <fe S. S.
Do pref
2
115
88
'-.
102%
•42
92
43
93
2
50'-.
120
88
211
34
57
90
Do 2d
New
31%
57
NY.
%
York
pref
it
-Norfolk it
Western
95
71
Do
96
95
100% 106% 100%
45 V
44% 45%
78% 78
78%
66%
65% 56%
Cm. Chic. &
72% 72%
105% 100%
Do pref
40^ Reading, vot'g tr.
45% 45
-1
44
77%
64%
55% 57
50
May
Apr
9
9
15
37
60
Jan 21
Apr 10
57% Apr 15
Nov 8
31
103% J 'in
71
09
45
14
J*ne2"
J'ly29
J'ne 5
12%J'ne
22% Sep 3o
12
4
12
Mai'2
H
o,
1j.
a
;
.18
Not
Apr
72
s
:l
i
Jar
Mar
20'
i',
134'
lieu
16% Jan
64% J 'hi
Deo
J'n,
J'n.
J'ly
87
Doc
21
Doc
0% Mar
20% Nov
10% Sop
45%J'ne 4
73% Nov 12
61
88
96
30
208
llou
j
Deo
43%
54% Mai
Apr
20 Deo
191% Doc
00 Deo
8% Deo
1
Aprl
April 74 Oct
Apr 20 12% Mai
Maris 144% J'ne
67% Feb 14 53% Mai
Mav
7£
.May 9
May
Jan
9
1
:
17% Dec
10% Jan
1
Nov 4
Nov 1
35% Apr 20
08% Apr 19
21%Jnol
;:;;%
89
,
85
Sep
14
47
Noi
9
S, p
27
Apr
Apr
17% Die
Deo
25% Sep
38% Jan
Aug22
49
J 'IK
May
Mar
Nov
1
7 120
st p
28
Apr
1
May
,1'lv
Mar
134% Jan 16
160
53.700
28,050
700
Peb27
2
1
42
82
May
4011
60,770
3oo
2,100
Soo
Jan
.'17
40%
Deo
Jan LO
91
i
I
200
'.'
2
:
9
Jan
2
Jan 30
Jan 4
24% J an
05 May
38
65
93
7
Sep
Noi
HOC
.i
i
33% Jan
88
67
llou
day
7;;
i
Jan 8 75
Way 9
Jan
22
14%
72
57
Jan
1
84%Jan21
59
89
63
tj7
:
1
s
-
BO
j
9
lot
I
.
-,
pr 22
p
19% Doc
1
2
20
.
Jan
Deo
55% Jan
,IOO
Jan
\ovl;;
.i.ui
!
I
9
i
I(
nel7
3 59% U
Mar23
Feb 5
Feb 10 108 J'nelO
Jan
80
Jan
95% Deo
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
KEW TOEK
ILinki
Bid ^f.s/c
Chemical.... 4100 4200
crry
Bid Ask City
American .., 530
Colonial 1 ...
AmerExoh.. 295 300 Colum
025 725
Commerce...
Astor
.
300
Corn Ex oh'
BoweryU .
East River..
Broadway
425
11 Ui WantButch'8<feDr 130
.
200
025
300
335
385
415
145
.
Central
Chatham
1
195
1205
230
Fifth AveU.. 3250
Fifth
325
245%
635
390
430
Ask
t771
14thstreet1|. 105
Callatin
Gan8evoort1i
(iarheld
410
t
430
140
500
German Am' 133
• •>«
German Ex' 325
Germania' .. 500
Greenwich
175
Hamilton',, .. 1170
Hanover
700
685
Hide<& L'ath 150
',,
Ha oh i
Bid Ask
llonks
Imp <fe Trad. 500 575
Mt Moi
190
Irving
Leather Mir. 960
500
Liberty
i
900
SOO
250
ni'.iiii
.Manhattan'
Market
Meoh
.
A- l'ul
.Mechanics'
To
145
2
.
ifcTral,
.utile ..
200
140
.Mutual'
Nassau'
I
270
285
280
Bid
Ask
PhelllK
185
190
mstii
New York Co
N V Nat EX.
Now York.
19lh Ward'
Ninth
North Aroer
A SlC
Hindis
150
160
210
'
1500
...
Fidelity',,
330
h.ncw 115
Shoo d
210
•
110
500
State'
state of NY: 1205
12th Warn'
110
23d 'Ward' ..
.
.i
'
i|
170
.I'd
810
150
Merch
Oriental* ...
155
200
Merchants*..
....
700
200
ooo 610
polls', 650
no
Part
t330
il'uis.
Bid and asked prices: no sales were made on this day.
Bx dividend and rights.
j Less than LOO si
fl state banks.
s Trust Co. certiiicatea.
Sale at Stock Exchange or at auction this week.
Were made as In trti as 1000.
Stock " cornered " sales for 'cash
Century 1J...
Chase
*
185
165
Bid
JJ.'iiih-.
First (new)..
.:
Apr
.1
6
I).
J'n.-
n,
123% Nov 11
40 Novll 14% Jan
77% Feb 8 46 Jan
Sop
18 Apr 29
68%Aug3l 36
28% Apr 29 14
185% Apr 3 106%
244 May28 171% Sep
63% May
Pi
1
101
!l9l%Jan 8 197% Apr 9 ils:i% Jan
Mav 2 125% J'ne
J an 21 170
May 9 57% Sep 28 11 J'ne
Mar 1 120 Sepl8 75 J'ih
58,598 139%
2,525 16
200 97
900 47
1,000
otfs.. 192,700
1st pref. vot. tr. ctfs.. 30,981
2d pi of. vot'g tr. ctfs... 95,925
Bio Claude Western
Do pref
78
15
49
77%. an
St. L.
Nov
Mar
Ool
12% Jan 21
5 Mai
8% Jan 24 15% Oct 15
10
Oct 29 §101 Jan 115 J'ne
107% Mar
71% Deo
1,425 07% Jan 19 l.ll%J'ly 19
1,300 101% Jan 7 124% Oct 23 87% J 'n. 104% Nov
10
pref
t'ittsb.
J'n.
102
o
i
29,880
2,700
-
'no
April no
April 172
Ill
Deo
Deo
-
1
Northern Paoifio By
Do pref
loo% 100% 100% 100%
70% 1)a0ifl0 Coast Co
04% 64%
•93 100
Do lstpref
100
98
98%
7o
•68
Do 2d pref
70
70
73%
146% 144% 1 10% 145%140 Pennsylvania
44
Peoria it Eastern
45
41% 11% 40
94
90
87% 88% fere Marquette
90%
Deo
.
J
115
Dei
i
169% Jan
150% J'n.
175%
201
•
Apr
Jan
April 195%M.., 220
30
§409
Do adjustment, pref
92
Dl
45
6
May
May
5
80
14
248
7,200
10,418
Harlem
N. Y. Laek.it Western...
X. Y'. N. Haven & Hartf.
N. Y. Ontario <t Westi in.
1
j
J'n.
73
7% Jan 28 ll%Apr2
5% Sop
17,100 40% May 9 63 NovlS 30% Jan 42% Doe
11,039 69% Jan 21 80%Novi;. 58 Jan 74% Doc
12,940 124 May 9 154% J'no29 110 Jul 132% Doc
2,189 21 Jan 21 43% J'ne21
27% Doc
11 % Jan
975 48 Jan 21 87%J'ly 1 39 Sop 58 Mar
3,700 21 Jan 8 41 J'nel5 10 Jan 25 Deo
300 13%Jau 4 25 Apr 30
Sep 1 7 % Apr
7
760 35 Jan 4 49 Apr 30 27% Sep 43% Apr
Dec
1,400
3% May
5% Jan 3 18% Oct
23 Dec
24 Jan 2 45% Sep 30 14% o,i
i'eoo 39% Jan 21 74% Nov
20% Mai 62 Dec
Dec
loo 108% Jan 21 135% Sep 2
83% Fob
77 §230 April §325 Oct 28 §197 Jan {210 Doc
600 67 Jan 3 82%J'ne22 47 '-Jan 89 May
73,460 70 May 9 lll%J'nel7
89% Dec
250,77
88 May 9 131% Apr 22 84 J'n. 110% Dec
180,460 150 May 9 177 J '11021 143% Sep 182 Feb
24!->Jau 8 % Apr
27 Jan 9 40 Sop 2
79% Jan 15 93 Sep 3 7o Feb 84% Nor
.Mob.itO.,J.P..M<tCo.rects
M orris it Esse x
Central it Hudson.
V. Cluc.it St. Louis..
Do lstpref
Maj
L88
200
m 94%
81
1
48% Nov 12
77% sop 16
1
Dei
Mar
Aug
109
126
dart 4
3
1
31%
02% 32%
0,875
Mane.
85
83% 85
2,000
20%
27% Mo. Kansas & Texas
20% 26%
2,800
63
51% 52% 53
Do pref
5,263
99% 103
100% 102% Missouri Pacific
59,355
101
50
11(2
i
Jan
Jan
1
1
Novll
Marl5
',
75
42
23
1.
Do
6
1
Dec
.
68% No*
19% Jan 114
Api L8
27
i
9%
62
79
214
100
70
J 'ly 2
\..vl
i.;o
I
•212 214 •212 214 §213 213
35% 35% 35
35% 34% 35
33% 31%
58
67% 57% 66% 67%
58% 57% 58
91
91% •90% 91%
91
90% 91% 91
•96
62,000
000
8,440
6,500
'.j
,
101% 102% 101% 103% 102 103% 101 103
03
63% 63% 68% 63% 04
04% 05
100
70
147
10
90
1
•
163%164% 162% 163% 102% 163% 159% 163
50
51
51%
50% 49% 50
53 V
51% 53
1
•115 120 115 118
115 120
115%115% 116 110
•90
90
89
90
82
92
88
90% 90% -88
•212
J
42
30
.pi
Jan
Jan
Jan
9
200 120
1
1
103% 164V
213
188% Jan
6,1011
'-.
71
108% 108 V
122% 122 V
32%
82
32%
80
87% 87>,
27
27% 27%
27% 27%
55
54%
55%
54%
54%
54% 54% 54%
102% 103%
103% 104% 104% 104% 102%104
213
.1
% Jan
,
134
<n
92
'
52% Mav
50% Apr:;"
82% Apr 30
1
',
135
108% 109
122 124
32
32%
86% 88
§135
176%
May
May
1
70% 70% 71
75
107%107%
106% 107% 100% 107% 105% 107
125% 127% 127% 128% 127% 128% 128% 130
127% 129%
103 164% 105 108% 100 168% 163 166%
157%164
•89
"39% 41
*38% 40% "38% 40% •38% 40
40
•91
•91
•91
93
92
•90% 92% 91
93
94
22
21% 22% 22% 22% 22% 22V 22% 22% 22
13% 14
13% 13% 12% 13% •13% 13% 13% 13%
70
Jan
'i
1
<fc
J
29
27
72
6,100
.Ian 2
'hicairo Milw. & St. l'aul 200,100 134
Ma) 9
705
9
i>ci
175
May
prel
210 212 -205 219
1,800 108% J an 21
lueairo & North Western
•230 240
loo 207 Mar 1
Do prel
145% IIS
140% L4/"a Chio. Book i»ru<8s Pacific
9, 65 110% Jan
•145 150
'141
147
Inc. st. J'. Minn. & Om.
300 125 Mar 2
•194 199
'194 199
180 Mai29
Do pref
20m
90
19% 19%
ago Term'] Transfer. 11,100 10% Jan 19
22,0011
38% 37
86% 37%
Do pref
83 Jan 2
97% 99
98% 99% Clevt). Cm. Chic. & St. L. 5,800 73 May 9
122
120 124
100 115% Jan 12
Do pref
«80
•30
171 27% Jan
Cleve. Lorain it Wfieel'g.
•75
•75
141 07 Aug
Do prel
13 7 Colorado <fe So., vot. trust
3,700
13% 14
6% Jan 21
•54%
1,400 40 Jan 31
55
Do lstpf. vot. tr. els.
25
1,505 10 %J an 4
Do 2dpf.vot.tr. otfs.
0,000 105 May 9
168%171% 17o% 17o% Delaware & 11 nelson
232 235
law. Lack. A West'n.
416 188% Jan 3
40
46
4
2,700 29% Jan 21
n\ er it Kio Grande
93% 94% 91% 95
15,150 80 Jan 21
Iiu prof
•50
400 49 Novl2
50
50% 60% Denver it Southwestern.
51 05
*50
70
prel
09 J1V29
Do
-40
•40
ics .Moines it Ft. Dodge
400 18 Jan 30
42
42
11 11% Duluth So. Shore & Atl.. 1,040 5 Jan 9
11
11
20% 20% 20% 20%
3,110 13%.Jan 8
Do pref
41
192,090 24% May 9
42% 41% 42 Ir'ne.
72% 72%
110,035 59% Jan 21
71% 73
Do 1st pref
57% 59% 58%
46,795 39% Jan 4
Do 2d prel
•58% 59% •58% 59% Evansv. <fc Terre Haute.
900 41 Jan 31
•80
-SO
90
90
Do pref
Jan 4
*"*22* 81
25 Ft. WorthifcDen. C.stmp
224
17 Jan is
197% 199% 198% 199% <;rcat Northern, pref
48,547 107% May 9
Green B. & w., deb. ctf. A
65 Jan
78
79
78
78%
80%
80
79% 80% 79% 80
141%142% 141% 142
140% 141% 139% 140% 138% 140% 138% 139%
42% 40% 40% 41
40% 40 Si 41% 41% 41% 41% •41
41%
•77
•78
•77% 78 V
78
79
77
77
77
77
78% 79
34
34
35
35% 34% 34% 34
34% 36%
34%
Kanawha & Michigan..
19% 19%
ausas City So. vot. tr..
18% 18%
§40
40
41% 41% 41% 42
41
41
Do pref. vot. tr. ctfs.
•14
17
16
16
17
17% •16% 17% 17% 17% Keokuk Des Moines
15% 15V
•40
•40
40 45
•41
40 45
45
45
40
45
45
Do pref
73
70
72
73% 74V
72% 72% •72
73% 74
72 V •08
Lake Erie & Western...
•131
15
1
31,5oo
12,660
3,020
ouincy
Baat'n Illinois
ihioago Great Western..
i.i
4 p. a debentures
1
•92
91
Si
•!
1
138
1
25% 26%
•90
Central
78 V
198
188
188%
1
174
47
<
199
100% 100
172% 17;;
}237%237%
40% 47
95
90%
49
•50
70
49% 42 V
*11% 11 J,
1
(
147% 148%
•113
•194
50
•25% 26
237
4
14
1
1
'.
7.-.
'55% 50 %
•25% 25%
1
49% 60%
4
47%
l-i:
.
Apr
",
1
1
188%
.
146'4 MS'.,
37% 39 s
loo '4 100% 100
123 V ti22
40
40
-l
'
213
145
t)
1
1
218
242
148
!
100%
1
1
109
35%
.
89%
60%
60% 60% 50
60%
45%
•is
47
45% 46%
48V
71
74% 74
74
74
74% 75% 74% 75%
172 173 \ 171%173% 108% 172% 169% 1.70%
173 174'
190
190%
190%
191
188%
1190
9
9
190%
1
%1
191%
V
1
!
t
'138
50 6
212
242
20
1
37% 88%
I
560
l.Ooo
prat
.
1
1
36% "if
26%
linjtittt
1011I-.
Arbor
Ann
Do
98
{l'JIJOj
1
193
132
•136
140
100
•20
69
1
lU.jlu.it
.:
84
174
174
47-v
89
60
173
•191
•210
62
Week
Shares
'
98"-
89
49
98
••'.l
Km
bait* ul
.v.
69%
a
j
•26
I
On
tlir
7s% M", 79%
224,886 42% '
ui
Atoh. Topeka .t Sam
104,400
99% 101' loo% lol
Ha]
Do pr.
52,30o
100% lo^'S, 106% 107% Halt. Ohio, vot. tr. Otis.
81% Jan
97
96 %
}94% 94%
Do pret vol. n otte
71
Ht
160,170
Lpi 22
00% 69%
i;i ooklyn Rapid Transit
'110'.
8011 77
«To\
10% L0% 110%
Marl9
Buffalo Boon. A PitUb'g
900 L6 Mar
137'-.
i:i.
188% 1.9
139% Nov 9
142
Do pni
60,750
Muy
117%
114% 116% 1 2 % 115% 118%
1% (tanadtan Paolflo
M%
82 % S3
2,600
84%
Jan
88 Sep 2'
anada Southern
80% 81
101% 10]
116% 118% 110 119
•132% 149
138
L48
112% 112% 116%
i-
•193
181
96
27% 98
528
86%
102% 103
108% llo
37%
77%
"-j
28
80
81%
'.'.
1
1901
ir
-
120
Stock Record— Concluded— Page 2
1018
,sy<
ton
i.v/j
Moni
105
»10%
11
•61
•2iia
82
•.
Wedru
I
106
23% •21%
125 "a 126%
BO
81
'
84%
91
4l 34
1
118
121
121
% 2m 20%
30% 86%
J103%103% 102%
107% 108% 107'.,
5)0 '4 90%
90%
21% 213| 21
38% 88% 38%19% 19".
60% 61A
51
21
81
31
v.
20% 21%
41% 41
2
1
126%
30
69
60%
61 %
90
20*i
102 3
,
'120
21
121
20%
21
35%
102
102
100%]
34-%
98
94 3
21
21%
19%
18% 19
60% 60%
21 34 22%
42% 44
»3l
22
43
•142% 148
•16% 17
78
*142%148
78
34% 84%
210
210
11
93
1125
*14
217
95
125
15
219
100
158
*98
*157
*16 34 17
78
78
34% 35%
214
212
1034 11%
93% 96
11
"127
15
130
15
217%219
•114% He *115 116
133% 183% *131
9
9
34%
33
'25
30
8%
9%
33% 34
30
259
»25
256%257
258
39% 39% 39 34 40
96
96
19% 19%
75% 75%
88% 88%
•46
47
•85% 86
•92
•100
•8
97
96
20
76
21%
76%
87% 88
"6% 6%
*37
39%
47
47%
85% 86
94
*92
*100
12
-8
95
....
12
42 34
103
{42% 42% 42
•101% 103 •102
19% 19%
90
•29% 42
*62% 65
148 148%
•85
22%
43?
*3%
220
101
159
"142% 148
16% 16%
79
35%
25
259
40
97
....
8%
116
J135
116
135
•25
30
259
8% 8%
32% 32%
33%
30
259
40 l
99
259
40
40%
98% 98%
.
21% 21%
76% 76%
87% 87%
6% 6%
21
21
76% 76%
87% 87%
47% 47%
47
48
87
•86% 87%
94
•92
94
106% 100% '100
....
87
94
•8
12
•8
12
42% 42% 42% 42%
102% 102% *102 103
19% 19% 19% 19
19%
88% *85
88%
•85
88%
•29% 42
•62
70
66% 66%
•26
•74
27
76
434
*334
*9
79
4»4
61% 62%
4
11
15% 16%
66% 68%
26
26%
81
81
15
15%
49
43% 43%
9234 93%
•61% 65
•122%' 125
195
92% 92%
220
4
11
5
5
5
5
63
65
1534
'71% 73
93
93
12% 12%
81% 81 34
15% 15%
49
50
123
*182
92
124
200
218% 218%
•3'4
-9
15% 16%
68% 69
26%
25
79
31
82
*14
92%
12% 12%
•334
*9
*74
31
*80
38
92
218
76
81
81
•74
30
79
•29% 31
•77
220
220
4%
n
^
15
15%
•180
•98
*157
95
42
84
•218
•48
100
158
•74
•30
•79
5
76
32
81
6
63% 64%
1534
•35
38
•14
15%
•71% 73
•71% 73
•92
•92
95
94
12%
12% 12% 12
81% 82
81% 81%
•15%
15%
16
15%
50
•50
50
44% 44% 43% 44%
93% 93%
93% 94
64
64% 60% 64
92%
11
15% 16%
69
69%
25% 26%
63% 65
•14
4
'122% 124
'180
200
92% 92%
52
43% 44%
92% 93=e
•63
64%
•122
180
92
123%
200
92%
J'nelO
Vovll
i
152
Do
160
10134 106%
pref
200
147
Apr]19
76
sv 9
J an 21
684,780
9 Ik
•185
200
88%
4
M
81%
J
11% Jan
7,200
23 34
an
J..
11% Ja
2,800
8,310
11
M ay
'.
Jan
25
1
1
1
Jan
9
% 51
39%May22
06%Novl6
.".7
So],
111
33
99%
26
4
31
13%J'ne
Miiv 8
I
86
85% 87
•3%
•3% 4
•12
12% »12
27% 27% 27
83
83% S3
327% 27% 27
'
J
40%J'ne2l
22
J'ne 4
800
00% Mar28
ay 9 38 Mar28
10,200
4,020
14%.~J;an!"21 20 J'nel7
38% Jan 17 49% Apr 17
Miscellaneous.
298
Express
inalgamated Copper... 21 ,475
American Bicycle ...
100
Adams
46
i
9
145 Jan
88
85
204% {200 200 American Express
27% 27% •26% 27% American Ice
'62
04
Do pref
64
364
70'4
Deo
Dec
14
27
Loo
Doc
Jan
44% Jan
!
Doc
Hoc
-
0%Mar
10
8
13%
..Mar
21-V
10
.
Sep
,J0
35
89
J'nel4
J'ly
2
35%J'nel7
2,2
;
,
S
1
<js'
I
58%Mar
44% Sop
57
3195 Oct 28 111 Jan 3150
89 34 Dec 99%
83% Oct 28 130 J'nel7
1% Sep 25 8%Apr23
100 10 Sep 30 35 Apr 22
Do pref
12%
27% American Car <fc Foundry 13,44 19 Jan 21
Do pref
83%
5,879 67 Jan 19
27% American Cotton Oil..
4,000 24% Mar 9
88
Do pref
300 85 Apr 10
81 %J'ly
L36
70
ne 3
91% Jan 8
3169 Jan 12 5205 Mar20
2,470 2534 Oct
41% Marie
461 62 Oct 10 77 34 Mar22
•15
•15
20 American Linseed
20
100
Jan
24
30% J'ly 9
5%
Do pref
4d% 46% •45
48%
200 31 Jan 24 66 J'ly 9
71,220 22%Augl3 32% J'ly 3
20% 28% 27% 29% American Locomotive
85
85 \
Do pref
85
86%
89 J'ly 8
16,925 83% Oct
'6
500
6% 6%
6% American Malting
4% Feb
8 J'ne20
•25
25
26
25
Do pref
1,000 22% May
30 J'ne26
69 Apr 20
43% 45% 44% 47% Amer. Smelt'g & Kefin'g. 58,750 38% Oct
97
9G34 97
99
Do pref
8,201 88 Feb26 104%J'ne20
•36
•36
42 American Snuff
42
26 Marl9 49% J'ne 8
•84% 85% •84% 85%
Do pref
100 73 Apr 17" 90 J'nel4
118% 120% 118% 120% American Sugar Kenning 83,025 11238 ()ct
153 J'ne 3
115%115% 115% 115%
Do pref
130 JMyl9
783 114 Sep 30
"
•98 101
American TePgh <fc Cable
100 April!
200 394 Jan
16734 Sep 4
250 157% Nov
§106% 156% 157 159 American Teleph & Teleg
100 99 May
144 J'ne 8
* American Tobacco....
*]42%148
150 J'ly 12
Do pref
137 Jan
-16
•16
17 Amerioan Woolen
17
200 13%Marl5 21% Jan 2
79%
Do pref
450 70 Mar22 82% J'ly 1
77% 77% 377
34% 34 34 34% 35% Anaconda Copper
11,900 34 Sep 26 54%Aprl6
21234 21234 Brooklyn Union Gas.
*210 215
600 175 Jan 18 228 Apr 15
•10% 11% 11
11%
1,070
runsw. Dock & C. Imp't
8% Jan 19 1434 MarlO
92% 93% Colorado Fuel& Iron...
92% 93
5,760 41 34 Jan 21 130%J'nel7
•128 130 •128 130
11 116 Marl9 142% Apr 29
Do pref
14% 14% •14% 16 Col. & Hock. Coal <fe Iron
500 12% Oct 23 25% J'nel7
217 218% 218%221 Consolidated Gas (N. Y.). 15,500 187 Jan 18 238 Aprl5
117 117
124 J'nelO
116 116
700 93% Jan
Continental Tobacco, pref
137%137% Diamond Match
425 127% Oct 10 152%Ang29
136 136
7
•8
8
8% Distilling Co of America
2,035
6 8 0ct 14 10%J'nel8
8%
3234 33%
82
33
Do pref
6,076 23% Sep 13 34% Nov 9
•25
•25
2434 Oct 16 101%J'nel9
30
30 Gas & Elec. of Bergen Co.
256 267% 256%258 General Electric
2,235 183% Jan 10 269%J'ne24
42 Glucose Sugar Refining..
40% 42% 42
3,440 37 Oct 24 65 May 2
•98 102%
107 Aug 5
98% 99
600 93% Mar
Do pref
20% 20% 20% 20% International Paper....
3,900 18%MaylO 28 Mar22
76% 76% 76% 76%
2,125 69 Jan 21 81% Sep 10
Do pref
100%May31
88% International Power....
2,400 54% Jan
87% 87% 87
3
11 Jan 5
600
6% 6 4
6% 6% International Silver
5% Feb
*35
39%
33 Apr 25 40 Sep 7
39% -33
Do pref
47
48
48
47 Internat'l Steam Pump.
3,025 24% Jan 22 48 Novl3
87
86% 86% 87
1,000 74 Jan 24 89 Oct 16
Do pref
•92% 95 Laclede Gas (St. Louis)
95
95
200 70 Jan 18 95% J'ly 8
•100 ....
•102 ....
100 95 Jan 21 106%Novl2
Do pref
•8
•8
12
12 Manhattan Beach
8 Oct 12 22 Apr 16
42% 42% •42% 43 National Biscuit
2,135 37 Jan 21 46 Mav 8
*102 103
102 103
Jan 2 103%Aug20
100
92
Do pref
•19
20
19% 19% National Lead
1,400 15 Marl4 25%J'nel2
•85
81 Mayl6 93%J'nel3
88% 85
88%
Do pref
23 Oct 3 50 Mar21
National Salt
0134 Oct 1
84 Mar21
Do pref
152 156
155%156% New York Air Brake
9,409 133 J'ly 15 175 Apr20
93% 93% North American Co., new 4,900 73%Febl4 109 J'nelS
93% 94
40% 47% 46% 47 Pacific Mail
11,400 30% May 9 49%Novlli
10334
103
101%
104%
eop. Gas-L.& C. (Chic.) 00.610 9534 Jan 21
" 120%J'ne2ll
52 Jan 2
43% 44
43% 44% Pressed Steel Car
20,555 30 Mar
85
85% 85% 87%
Do pref
11,410 72% Mar 5 89 Apr 29
220 220 •217 220% Pullman Company
965 195% Jan 21 225 Oct 17
•3% 4
•3% 4 Quicksilver Mining....
l%Apr22 5%May31
'9
•9
11
11
7 Mar20 1234 May27
Do pref
15% 15%
15% 16 Republic Iron & Steel
13,970 1134 Sep 13 24 J'nel7
63% 69
5,120 55% Jan 21 82 Apr 1
68% 68%
Do pref
•25% 26% Rubber Goods Mf g
26
26
3,950 21% Oct 4 38% May 2
•74% 77
75
70
200 70% Sep 30 90 May 2
Do pref
30% 30% '30
30% loss-Sheffield St. & Iron 1,400 19% Feb 5 41% Apr 2
*79
•80
81
80%
700 65% Jan 22 8634 Apr 8
Do pref
*4 34
*4% 5 Standard Rope A Twine..
3%Mar 6 8%J'nel3
5
500
61% 63% 61% 63% Tenn. Coal, Iron <fe RR... 29,025 49% Mar 7 7638 J'nelS
35
35%
400 19 Jan 18 42 Apr'20
Texas Pacific Land Trust
•14
1634 Union Bag & Paper
12 Apr 12 19%J'nel7
15% •14
•71% 7334 •71% 73
65 April 75 J'nel7
Do pref
95
§95
392
720 353 Jan 26 100 Aprl9
91 United States Express..
11% 12% 11% 12% United States Leather... 12,010 7 34 May 9 16% May 2
80% 81
80% 81
Do pref
4,215 69% May 9 8334 Aug28
15
15% 15% 15% United States Rubber...
2,585 12% Oct 4 34 Jan 2
'49
60
60
51
900 47 Oct 4 85 Jan 2!
Do pref
42% 43% 43% 43% United States Steel
126,315 24 May 9 55 Apr3o|
92% 93% 92% 93
Do pref
90,021 09 May 9 101%Apr301
•60
200 51 J'lyl2 72 Mar3o
64 Virginia-Carolina Chem.
123%123%
Do pref
400 116 Apr 26 125 Aug3o
185 200 3184 190
20 3130 Jan 11 3190 Novls
Wells, Fargo & Co
Jan2l'l00%May
89% 92
est'n Union Tele'gph 37,794 81
89% 91%
•86
202
Deo
:..",
%A
Southern Pacific Co
81
;
'
•190
Ma)
r'neie
39
71
-
t
1
Uarl2
J*lyl6
%•
8,050
1,800
<fe
148%152% 15134 1593, 155 159
i'734
96
95
96% 96
96
49 3t
48% 48% 49% 48
47% 48%
10334
102%
*101%103%
104% 103% 104%
4434
44
43% 44 a4 43% 44%
45
86
84% 85% 8434 SO
85
84
95
47
102
•36
1934
"85
8%
33
lis'
38% :;:*"„ Southern voting tr. ctfH.. 67,710
an 21
Do pret vol. tr. ctfs. 23,210 07%.
90% 90%
10,40o
11
40% 40% Texas
J an
Pacific
bird Avenue (X. V.)...
124 120 124
475 117 M
21% •20% 22 Tol. 8t.L. A W. v. tr. ctfH.
600 10%
84% 86
Do pret vol. ir. ctfH.
36
900 28 Ma.
102
103 106% Twin City Rapid Transit.
Jan 21
3,110
Union l'acitlc
Do pref
20% 20% Wabash
Do prof
87% 38
•19
20
18% 18% Wheeling Lake Erie.
19
20
52% 52%
Do lstpref
50
53% 51% 53
•30% 82
Do 2d pref
31
81
32
32
21
21% 21% 21% Wisconsin Cent. v. tr. cfs.
21% 22
Do pref. vot. tr. cifs.
4234 43
42% 42% 42% 42%
•75
79
35%
35
215 *210 215
811% 11%
11
11%
94
94% 93% 94
•127 130 •127 130
14% 16
14% 14%
21634 218
218 219%
*131
61%
88%
1 07%
104 108%
93% 94% 91% 93%
20% 21
20% 21
87% 87%
38
88%
32
115%116
st.
69% 60%
106%
<
•142% 143
•16% 17
*75
35
*210
•120
7
-ovl.,
cfe
35
*84% 85ia *84% 85% 84% 80% 85% 85%
118%120
120 12234 120% 122% 120% 121%
•11512116% Sll5 34 11534 116% 117
116%H7
100
158
88
102
39
81
124
21
'4
0*',.
94%
21%
51%
84
91
40% 42
42
1
'120
61%
4
heft
,,
•
1st pref. v. tr.otfs,
2<1 pref. v.1
Do 2d pret
Louis Southwestern..
Do pref
70'.
29
69
Nov
7
.)
110
I2734
aw. a Adirondack...
St. I, mils
61
81 %
l)o
1s1 pret
,
61
i;2",
90%
1
%
42
121
70%
29%
713|
II,
\ov
:i
Sl%
'185
195 •185 196
195 8192 195
8634
86% 87%
85% 88% 67% 89
*3% 4
*3% 4
3% 3% -3% 4
*18
-11
•12
13
15
18% 12
12
20% 263, 27
28% 27% 28
28% 28
82
82
84% 83% 83%
80
84
83
29
30
30% 3034 29% 30%
29% 31
89ia 89ia
90
90
•89
90
90
90
•190 195 '192 195
195 195
195 200
27 12 2734
27% 27
27%
27
27% 27
64
63% 03% 62% 82%
04
03% 633j
•15
23
15 20 *15 20
19
19
•44
48
47
48% *43
48% 348
47
25
25% 25% 26% 26% 27% 26% 27%
84ia 84ia
85% 85% 86% 85% 86
85
0% 6% "6
6% 6%
6%
6% 6%
2434 24 a4 *24
24
25
2414 *23% 24%
42% 4334 42% 4334 43% 46
45% 40%
397% 97% 97
98% 97
97%
97% 97
"36
42 •
42
42
*38
42
99
Si.
82
86
158
11%
1
»21%
%
185
*98
•157
"
49
84%
9
•10%
'-,
ar(1900)
100-shari
I
400
126
60%
62 %
40"„
1
(out
1
;
8
/
*ui
si
711%
72
i
I'M',
1
61
69% 60*
61 % 62%
90%
102
•61
.mi
/
"10%
%
81
71'
STOCKS
NF.W YOBK
Kov
11
[Vol. LXa'III,
Apr
Apr
Not
Nov
12%.Jan 25% Nov
57%J'ne 72 Dec
30 J'no 3734 Apr
88% sop 100 Apr
8142 Mar 191 Dec
49% Apr
78% Fob
16% Feb
27% J'ne
60% J'ne
6 Nov
34% Dec
7 34
J'ne
3
Fel
60
Jan
18% J'ne 31% Jan
50 'a Dec
114% J'ne
J'ne
Nov
99
85
95% Mar 149 Dec
Mar 118 J'ly
Sop 398% Jan
107
387
84%J'ne 114% Dec
May 140 Feb
21% Dec 22'-.
76 Dec 70% Doc
37% J'ne 54% Apr
140 Jan 183 Doc
6%J'ne 16% Jan
29% Sep 56% Dec
117 Oct 131% Jan
ll%J'ne 21 Apr
128
U64
70
64
120
44
92
95
Nov
Nov
May 81
J'ly
Jan 200
Dec
Sep 201
May
Nov
Nov
14% Mar 26% Nov
58 Mar 75 Nov
24
May 00
Dec 103
J'ne
55 34
Dec
3% Aug 10% Jan
2*8"
Dec 29% Deo
Dec 77%Dec
80 Jan
Mav
65
96 Jan 100 Jan
0% Jan 18% May
23 J'ne 40% Nov
79% J'ne 96 Feb
15% Aug 28% Feb
83 Aug 106% Feb
32% Oct 46 Nov
69% Oct 76% Nov
112 Sep 175 Nov
76
25 34 J'ne 57 Nov
81% Oct lll%Apr
32% Sep 5S a4 Jan
7034 Sep 89% Nov
176
J'ue 204
% Aug
7 34 Oct
8 34 J'ne
49 Aug
Dec
2% Mar
10% Mar
27% Feb
70 34 Feb
17% Oct 26 Nov
59% J'ne 71 Nov
4% Mar 10% Jan
49 Oct 104 Feb
13%J'ne 2134 Dec
10 J'ne 25 Feb
56% May 77% Feb
345 Mar 359 34 Deo
734 j'ne
65
21
J'ne
19
Jan
79% Nov
44 Jan
74% Dec 104 34 Jan
120
J'ly
J'ne 14H
77%J'ne
Dec
Jan
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
Bunks
HEW YOBK
BROOKLYN
Bid
CITY
•Union SqU... 300
Varick \
225
Washingt'nlf 200
West Side"!,.. 600
Western.... 625
YorkviUe":
240
BROOKLYN'
Ask
050
,
Bedford!!
1
Sale at Stock
8th Wardfl ..
5th Avenuel, 100
First
295
Kings ColJ... 130
Manufactrs'. 285
Mechanics!! 215
Mecli <fe Tral 270
Merchants'.. 100
Ask
85
110
300
201%
wore made on
People's!,
prices;
Banks
Bid
Ask
BROOKLYN
17th WardU. 125
200
26th Ward',. 140
140
Walkabout'
105
213
160
no sales
Exchange
Trust Co's Bid Ask
C'lR'tvB&Tr 500 530
Central Tr'st 1850 1950
City Trust.
385
Colonial
375
Continental. 445
.
410
arm I.o&Tr 1400 1500
Ave Tr 1000 1050
Guaranty Tr 700
.
1
Fifth
.
Nassau
350
Nat City
290
North Sidei;. 175
225
Broadwav^,
250
Brooklyn^ . 120
* Bid and asked
Bid
Trust Cos.
H. Y. CITY
Atlantic Tr.. 275
Bowl'gGreen 189%
290
t
Knick 'rb'k'r 710
Manhattan .. 450
Mercantile .. 950
Merchants'.. 335
Metropolitan 500
tins day.
Cess than 10 9I1 ires.
or at auction this week.
s Trust Co. certiiicates.
!
1
t
Es
rights.
725
1
!
I
Bid Ask Trust Co's
1190 1210
BROOKLYN
1250
Brooklyn Tr
950
Flatliush ....
t24S
Franklin
350
Hamilton
StandardTr't 385
Tr Co of Am. 276% t
Kings Co
In 1011 Trust IMS 5
L Is! LATr.
450"
Manufactrs.
USMtg&Tr 425
Nassau
Unit States 1075
People's
Washington. 410
Trust Co's
MortonTrnst
N Y Life&Tr
N Y Sec & Tr
North Amor.
Real Est Tr't
-
.
Bid
310
305
211
320
220
350
Williamsb'g. 209
!I
Banks marked with a paragraph
(11)
Ask
425
170
290
302
410
276
21*5*
are State banks.
Stock Exchange
New York
o<
BONOS
N.
STUCK
V.
.
s.
-
iw«.i>
i;
BONUS
.s,
r.
U
Ask tvw
Jltyli
iVu
.
I
iu--'i in.t'.,
-mail bonds. .kl918
U b 3s cuu small bonds.. A o S
guttered
h 190'
b 4s ooupon
U b 4s registered
1926
U b 4s ooupon
loo i
U b us registered
1004
U S 5s coupon
os mo
I12»all3
V
ui
1(
ir.' :, B
107
107
Nov'lll
I07 s«
107 '4
;
ion exl
.
10a
1
M-N
1930
g 68
1939
1992
gold 4H>8
1992
Heglsu red
Craig Valley 1st g 6S....19
K A\ A lnv lal oon g48..1!
L9
2d euiisul g 48
Warm Bpr val Lsl g 5S..194
Ell* Lex * B 8 gu g 5s..19i
!.;'_
116
I
i
M
110
Hi
Ms
Ill
.
L20
121
.n
M-S
il
nr-„
.1
112
BeglsU red
im
1'-,
1
lsl euiisul
12
1
Aug'O]
L39>aOo1 'in
110 May '01
108 Oct '01
10
loi'i.
1
J
12
L14«9
J
io7''i
•.pi '01
iiiV,"
'.'...'.
lol
L06
'i
io7'v
Ms
.pi '99
106
Ml
101
Sale 101
io|m-n
Greenbrier Ry 1st gn g
102',
102«8
tllOAAll Hit s lund 0s..10o;;iM-N 102 V
U
87
88 112
87 Sale
10 ioia-o
u liese are pr ices on
Rerun ding g 3s
suite Securities
Miss Rlv ii lsl sf g 68.. 191
Sub.
80
j.j
J-J
'01
050
b
108 .
108 H. Oct
1000
Alabama class A 4 to 5
108 109 Hi
Railway 1st lieu 3Hja...l
100'4 Oct'00
1950 J-J
1900 j.j 107ia.
Istered
Class lids
ibT'saie 107 V 108
L08HSMar'01
Mile. Bur & Q consul 7s... 1003 J-J
t 'lass C 4s
1000 J-J 103
io3"ib*3>g
lol 'i Api 01
100
100 Aug'Ol
1906 F-A
Chic A- Iowa Dlv 5s
Currency funding 4s
1920 J.J
L08
109
let 'OI
'oi
F-A
101%...,
t'-A
1022
126
126 Oct
126
Distof Columbia 3-668. ...192
.
Denver Dtv 4a
L02?8
lOO'j Aug'Ol
102'a
1949 J-J 108 hi...,
IO6H1
Illinois Div3Hj8
Eouisiauu new consul 4s.. 1014 J-J 107
1 6 'n fl
lOOHiicO'OO
small
Iowa Dlv sink iiiitl 5s.. 1010 A-O 112Hi...
103%
1010 A-O 103%....
J-J
103»a
Sinking fund 4s
.m Lssourl funding
189
i'o'u-'i oot"*oi
105 10534
Nebraska Extension 4s. 1027 M-K 110 llOHi no's N
Nortn Carolina cousol 48.1910 J-J 106
loO'.j.l'l.v'Ol
1027 m-n
134
1010
130 Hi
Registered
Os
lOO'aJ'ne'OJ
130 -Mur'OO
uoliua4Vs20-40
Southwestern Div4s....l921 M-s
1938
00
96 "a Sep '01
'irsHi'oo^
i.ii u mil settlement 3s. .1918
Joint bunds >S'«« Great j\ or lh
109
'01
108
109
Sale
M-N
Oct
1013
96
06
Debenture 5s
biiiall
Ol'-i 86
120 Oct '01
98
98
22 03 'a 98
98 Sale
llun A St Jos cousol Os.. 1011 M-S 120 V
ma fund debt 2-3S...1001
112 4 S
Kegistered
Chicdj K 111 1st si cur Os. 1007 J-D 118
137 '4
137 '4
1034 A-O 138
"l"i Aug'Ol
1st cousol g 08
6b deferred oertfa
"Y^'ioK
121
121
Sale
.m-n
121V
1037
1st
5s
General oonsol
115 Aug'00
Railroad
1037 m-n
Registered
Chic delude Ry lsl 5s. 1030 J-J 121 Hi Salt 121V 121V
Alabama Cent See bo Ry
laba Midi See bar Fla >&
Chicago & Erie See Erie
124 V 124 V
Albany it Susq See Deleft Hud
nd: Luiiisv ret 6s.. .1947 J-J 124 Hi.
i:;',o«t 'OI
Allegheny \ alley SeeBeuu RR
1047 J-J 113
Refunding gold 5s
3
115" 0iNuCUl
Alleg A West See liaii IS it 1'
DouisvN A&Chlst Os.1010 J-J 115 4
Dockifc Im See Cent ol .N J
cine Milwaukee A Bt Paul—
180'4Oct'01
1
07
Ann Arbor 1st g 4s
/ilooo Q-J
07
95^ 97
M&StPl8t7s*gBD.1902 J-J 1S7
96 101
Apr'00
lo.-.ij
187
Alch I A b Be gen g 4s. ..1000 A-O 103^8 bale I02»a lOSH 413
1002 J-J
1st 7s £ gold
Oct '01
Registered
101 4 0et '01
1003 J-J 187
.....1996 A-O
lStC <t M 7s
L0l»4 lot
uv
s
93 '4 Sale
L89^ Oct '01
Adjustment g 4s
031-!
98*4 110 86 4 99
/il006 N
Chic Mil di Si l'oou 7a. .14)05 J-J 187
l
J
114
114
111
4Sale
Registered
h 1996 .N'uv
J-J
4
95 May'01
gold
1014
01
Terminal
5s
05
Ill V
Slumped
9&*4 105 00
M.996 -Nov ' 93^ Sale 93 Sj
General g 4s series A..el989 J -J 110Hill2
00^4
Equip tr series A g us. ..100'. J-J
105 V Feb '98
Registered
el989 o-J
CUic it bt Eouis 1st 68. .1916
*115^.
General g 3 HjS series B.al989 J-J
Atl Kuux A JS'or 1st g68.. 1946
oct'oi
J-J
118
121
117$
100
108 May'01
V
Chicdj LSuDlvg58....192J
108 108
Atlanta A Dauv see South Kj
L19 78 Oot*0J
Chic dsMoRiv Div5s...l926 J-J 12(i 4
Atlanta & Vadk See South Rj
Oot '"i
Cuic&PacDivOs
1010 J-J 117 118V
Austin it A'
110 Nov'01
See Sou Pacini
1021 J-J ii8 34
Chic A P \Vlstg5s
*114Oct
Creek
'01
Midi
Cent
LIS
&
S
See
J
J
115
Dak&GtSog5s
1916
b
Bat
c:3137 VJ 13 '99
alt <fc Ohio prior Ig3 1a8.1925 J-J
9G 34 Sale
96'4
102 1 J-J
96 34 250 94 Hi 97 34
J'ur A Souassug6s
3
Kegistered
951-2 95
L23 4 Oct '01
hl926 t^-J
Oct '01
Hast& DDivlsl7s
1910 J-J 124
96
95 h
10' B
Gold 4s
110 V May'01
103 Jj 305 00 106
fcl948 A-O 103^ Sale 103
1010 J-J
1st 5s
100s
Oct '01
Kegistered
15 no 'a 104
J-J
185
103
187
A1948 W.-J 103 Sale 103
D
Exten
1st
7s
I&
Conv deb 48
1011 M-S 107^4 Sale 100 Ha 109 34 705 lOOHillO
LaCrosse & I) 1st 5s. ...1010 J-J 117 V 19 117 V on '01
1
'01
DiTlStgS aBl926 .\1-N
89^4 Oct
Mineral Point Div5s
1910 J-J llll'., Sale 110V llo i»
87 Hi 01 '4
.Registered
117 J s Sale 117V 1 1 7 V
pl925
1910 J-J
So .Minn Biv lsl Os
Southw Div 1st g J Vs. -.1925
115 4 Oct '01
01 J 4 348 88°8 92
90
91 Salt
sou Hi west Div 1st 6s
L909 J -J
Registered
118 Oct '01
ft.1925 U-J
90HaJ'ne'01
90 Hj 91
Wifl & Minn Div g 5s
92 J J U8\
110 J'ly'Ol
Monon BIT 1st gu g 6s.. 1919 F-A
117
ill Hay'OO
Milds No 1st
L 68....1910 JCeu Ohio B 1st og4V£..1930
112
112
120
lls'i Sep "01
lstconsol Os
1013 J112 112
Beech Creek Set N V C Jo H
Nortli
&
western
Chicago
Bellev A Cur See llliuuis Cent
MO Oct '01
Consolidated 7s
138V
1915 QBklyu it Montuuk See Lung 1
100
lUOV 106*4 loo
Gold 7s
1902 j1
Bruusit West .wsavlliW
100
J-D
100 lOO , 100
Kegistered
902
Bullulo N Y it lino See Erie
110
3
I'-A
110
Extension 4s
1886-1926
110V
Bullulo K A P gen g 6s. ..1037 M-S 118^120
107 Mur'OO
118 34Nov'01
115 118 34
Kegistered
1886-1926 l'-A
Debenture Os
M-N 108V
1047 J-J
111 Oct '01
General gold 3 His
All it West 1st g 4s gu.HOOs A-O 101 Hi
103
Registered
pl987 Q-J?
CI <t Mali 1st gu g us
110
A-O 116*" Sale 110
1943 J-J
Apr '97
Sinking fund Os...
Koch A Pitts 1st g 68... 1921
Oct "01
128 ....
A-O
127
111 Oct '00
127 i:;u'.i
Registered
1879
3
J-D
Cousol 1st g Os
107
1922
129 131 Hi 129 Xov'01
128 131
Sinking fund 5s.. .1879-1929 A-O ib'f" Sale' 100 4
Bullulo & Southwest See Erie
107 B Muy'01
Registered
1879-1929 A-O
Bullalo A Susqu 1st g 6s. .1013 A-O
110 Aug'Ol
100 Nov'99
Debenture 5s
1909 .M-N 107 V 109
liegistered
1013 A-O
Registered
109 108 Oct '01
1909 M-N
1st refunding g 4s
<il051 J-J
101
100 14l0234 101
10 mi 101
Debenture 5s
l'.r.'l A-O
114*4 Oot 'o»
114V
Bur Cedar It <t Xo 1st 5s. 1000 J-l; 100
lOO^Kov'Ol ... lOtHl 108*4
A-O
114 Oct '01
stered
1921
Con 1st <t col trust g 5s.. 1034 A-U 122H3
124
124
Sinking fund deb 5s
- l'-'T'-j
1933 M-N 121V Sale 121V 12 Mi 15
Registered
1034 A-O
117 Nov'OO
123 Muy'Ol
Registered
L933 M-N 121V
li'&X Wlstgu5s.l021 A-O 114' 8
113 Hs Deo '00
Des Modi .Minn 1st 7s.. 1907 F-A
StLlstgug7s....l027 J-O
M-S
Mil w<t Madison 1st 6a. .1905
113 Jan '01
109V
loos J-J 107
110 7eOet '01
1010 M-b llov
Cumada south 1st 5s
1 100
North Illinois lsl 5s
107U 107 5e
'2(1 6s
1013 M-S 108HU10 100
J 00
on C F A St Paul 1st 5s L909 M-S 110
111
107
110V Aug'Ol
M-b
Registered
1013
107 Aug'Ol
AVinoua it SI Bel 2d 7s.. 00, M-N 121
100 4l08
Carb <t bhuwu See 111 Cenl
Mil L S A West 1st g Os 192 M-N 135 V
136
CarolinaCenl See Seat) A Roan
120^4 il
Ext & Imp sfund gus 1929 F-A 120 34 Sale
Carthage A Ad Set N Y C A H
\pi'-01
Ashland Div 1st g 0S..1025
139V
It
la
b
<t
Ced
See B C It .t N
10
Mich Div IstgOs
Sep '01
192 J-J 140V
Ceu Branch U Blstg4s...l94S J-L)
Convertible deb 5s
92 Hi Sale
92
92 H, 13 91
95
107 V '•'" "
1907 F-A 100V
Ceu Branch Ry See Mo Pac
Incomes
113 Apr'01
1911 M-N
Central Ohio See Balti <fe Ohio
12s Sep '01
Cine Kocklsl&Puc 68...1917 J-J
Cin RR do B of Ga Col g 6s 1037 M-K 102 \ 103 Hi 103 Nov'01
127'"S
Registered
96 103 Hi
12708 129
191 J-J
3
Cent or Ga RR 1st g 6a..pl945 i'-A 120 >4 122 120HjMar'01
100 a4 01
J-J
119 120 Hi
General gold 4s
loss
100 4 sule
Registered
lOOVNuv'o!
pl94" F-A
Registered
1988 J-J
Consul gold 6s
i-b'oi
104 M-N 100 107
Des
& Ft D 1st 4s....loo5 J-J
100
107 Hi 00 07 '4 L08 s«
Registered
1., Al-N
LUg'OO
105 Hi Sep '01
105 Hi
lst2H>s
1905 J-J
lstpreliucuiuegus
plUib Oct
Deo '00
Extension 4s
73 Sub.
7 1 Hi
97
74 150 00
84 Hi
1005 J-J
2d pret uicume g 5s
28!4 Sale
Keokds UesM 1st 5s. ...1023 A-O 108V.
p 946 Oct
28*4
120 20
lll^e Aug'Ol
31
30 Hi
3d pref income g 5s
pl946 Oct
'hie it St L See Atch T A Sa 1 e
16
17
16
18
8
21
80
Mac A iNot DlT 1st g 5s. 1040 J-J
chic
st E A N
95 Deo '99
See ill Cent
Mid Ga A Atl Div 5s
1047 J-J
102 J'ne'99
Puts SeePennCo
Ohio st
Mobile Div 1st g 6s
1040 J.J 1O0
100 Oct '00
3t P M <£
Ml '4 Ml'.
oon 6a.. .1930 J-D Ml'.
CentotNJ 1st cousol 7s. .1002 .U-N 102 Hi
h st P ,t .Minn IstgOs 101s M-N
1 102H,10S
102H3 102 V
General gold 5s
1987 J-J 131 '4 Sulfa 131
131!4 10 127 137 H*
.Nor Wisconsin 1st 68.. .1930 J-.l
Mar'01
1 10
Registered
/H987 Q-J 129 Salt 120
St
NOV'01
SCity lsl g 68...1919 A-O
129
1 127
137
9 ISO's
Mil (igll (.OYt'llllllCIlt
Frankfort-on-Main 3 Vs sit
I
91 1* 92*8 91 h Oct '01
Tliesc are prion s on the basis of tuur marks
00 Apr '01
b of Mexico a i s Js or 1899 q-j
M-S
1..
91' 8 01 V
in- do Ihtr.
96
the b asis ui
to £,
..••*
....
6
1
iruar
I
..........
& Ohio r 6s ser A.J
«19
Gold 6a
1
114
J-J
1
112
.
ry 1
•
•
1
.v.
137
:
.!•!
.
\ \
Long
Cent Pacini
HS'aNov'Ol
Lia^Nov'Ol
is
l
139
130
1
\\
(
is
I.
I
Asl.
1..
lOSVN'ov'Ol
i
i
i
107 V
10SV100
Alois
ooupon
'in
.v'Ol
1
loo
108
istered
Oct
109
1
ST< "'K
Am Dook .t Imp gu
a.
U U & ilka b oal
Government
oonsolrt glst4 red.d L930 Q-J
U J
a
consul ooupon
J.J
oousol reg small.. <i
3-j
otinsolooupsmail.a
i
rot
i\<.
Price
Friday
tfGH
:
Hid
I
\-\
i
ENOINO NOV. 13
E
U S 9s
U s 2s
V B 2a
V 8 28
Us.U S 3e
Record, Friday, Weekly and Yearly
-Bond
(
is
to
102 V
100
'
106^4
(
a
01
36
.
V
87
'
100 V
1
:
.
l
.
102
10134 104
llll
V
V
I
1
I
114
.
107
.
.
113
124
llo
ioo«b 100'V
108
112^4
128 V
115
127
115
:,
W
1
U2 34l26
115
126V
14 V
113
117
180
192V
1
:
Am
RO
190
104
: '.
1
.!
.
im
W
1
1
1
BJun&M
:,
1
M
MS
-
1
HI V 115»g
114V
110
1
10V121
118
116
12234
119
U0V122
lll 34ll6 ,4
110VH0V
L88
117VH0
108 110%
114 78 119V
113 117 V
110-V120
no
;
118 34l22
139*4
FA
108V
!
CK
M&
'•_
H2
loovill
113 V 110*4
I
: '
M2
104 V 108
1
1
10
1
100
;,
4
HO V
10 /"„ 107*8
110*4
108
Ill") 117 V
111
114
121V 125 V
123
.
113
110 78 111
noviuu
:l
1
IM
1
Mb
X
1
1
:
i
M
i
.
M1V
l'i? 1^
138=8 143
107V
113
113
127
V 131V
L26V
:"5 :'6
;
J»9 Ta
00 V
10 V
H2V
1
1
1
(
la
(
:
MOV
B&
MISCELLANEOUS BONDS—Continued
Street
Railway
Brooklyn Rap Tr g 5s
1045
Atl At Bklyuimpg5s..l'.i34
BkCity 1st con 6s. 1010, 1941
BkQ Co A S congug 5s. loll
Bklyn Un El 1st g 4-58.1950
Kings Co El lsl g 4s
1949
Nassau eu-c gu % 4a
1951
City & S By Bull 1st g 58.1922
Cunn RyA iilstA reig4 la8'51
Den CouTr Co 1st g 5s... 1033
Den Tram Co con g 6s.
Met Ky Co 1st gu g Os.
Dct Cit St Ry 1st cun g 5s. 905
Gr liupids Ry 1st g 5s...ol916
Lonis Ry Co 1st cun g 5s. .1930
Market St c Ky 1st g 6s.. 101:
Met St Ry gen col trg 58.1997
Bway <fc 7th Av 1st c g 5s 1943
.
1
1
1
No price Friday;
1
1
A-O
105
Sale
J-J
J-J
M-N
F-A
l-'-A
il's
W i'i'6'
00 v
100*4 Sale
105
no
L8V Aug'Ol
102 V Oil '01
100*4
101'j
91
HOV
iii"."
1
90'8
90V
J-J
103 V
105
Jan '99
105
103
05
68
2
J-D
J-J
100*4 Sale
100 V loo".
05 J'ne'OO
20 lOO^ 101
W8
102
J-J
J-J
100
'110
J-D 121
110-V
and asked
ril
W
J-D
l'-A
1
121V 121V
this week,
Oct
'01
Mui'Os
Ave
1st
gold 68
101
V 102
1
1
M-S
123 >
F-A
F-A
100'
J-J
142
MS
..
5a.. 19
1.
cine st 40-yr Lal cur 58.
40-year consol gold 5a...
23 V
L01
J-J
:oi
105
\-
A-O
M-.\
99
.\1-N
Gaa and Electric Light
Atlanta G 1. Co let*
Gas tr etls sf {
J-.l
119*4
7I117V122V Boa
n 1 Gas 1st oon g
10
M-N
121V 2 lis', 122-'j
Due J 'ue h Duo J 'ly
o Due Jun d bue Apr e Due May
01
1
."•-.
</
121 34 128
J-.l
J-.i
-
140
.l-J
oon guar 4a
J.J
J-J
.r-j
11
142
MOV
l*a«e.
Street Knilwav
Mel St Ry— (Continued)
ColAOthAvlst gu g 5s. 1003
I. ix Av A P V lsl gu g5s 1003
Met
Kl(Chioj lstg 1Mil Kl Ky A L 30. vr g 58.1926
Mum st By lal oon g 58.. 191!
S1 Paul ciiy cuii oon
luaranteed gold 5s
i
A-O
latest bid
V
on Next
;
1.".
Hi!
A:
lis
Due Aug
1
A
116 V
I
116 s,
HOV
Bond KeCOrd—<Jontiuued— Page
1050
BONDS
\\
WirK't
STOCK EXOH \NGE
m
N. Y.
Ending Nov. is
1
oT
1
N. Y.
~V3 January
sale
nst
a si. Low
BSale
BR
Bid
Chicago Ter Trans g Is.. .1947 JChic a West
Lsta tg 6s. .1918 M N
General gold 6s
{1932
Chic A- West .Mich Ely 6s. .1921
Choc ok A q gen g 6s ...olOlU
I,
/in/ii
91%
'..
.1
v
1
<
lis"
II A I) oonsol 8
7s.. .1996 \ o
2d gold 4%s
1937 J.J
Cin Dcfc
1st gu g 5s... 1941 M-N
C I .st LA C 5M
C A si i.
Cin s A C 0M COO SI 1.
111 -
li;,
Dec'00
13
il2%s"uTc'
L12%
Ocl '00
112Hi
Cm
I
I
Be* B ha
<ft Blah
Cleveland Cin Chic A si Louis
General g 4s
993
Cairo Div 1st gold 4a
L939
Cin \v A M Div isi g 4a. 1991
St L Div 1st col tr g4B.. 1990
Registered
L990
Spr A Ool Div let g 4s.. 19 in
Val Div 1st g 4s... 19 in
oonaol 6b.. 1920
Clearfield
ion
108
1
I
1
/.urn
Sigh
SH
98
18
WW
CIStL&C
117
119V
119%
let gold 4a
latered
fcl93l
fcl93<
Cin S<& CI con
1st
g 6s.. L928
oonsol 7a
L914
Consol sink fund 7s
191
gold
consol
Os.
General
1934
Registered
1934
Ind B1&
lstprei 4s.l940
Istpl5s...</I93s
Peo& East 1st con 4»... HI 10
Income 4s
1990
con 1st g 68.1938
CI Lor <fe
Clev & Marietta 6'eePenn BB
I
I
W
OInd&W
Wh
Clev & Mahon Val g 5s... 1938
Registered
1938
Clev & Pitts See Penn Co
Col Midland 1st g 3-4S....1947
1st gold 4s
1947
Colorado & Son 1st g 48.. .1929
Coluni A Greenv See So Ry
Col & Hock Val See Hock Val
Col Conn <fe Term See N &
Conn & Pas Rivs 1st g 4s. 1943
lot
19
Jan
101
Oct
J-
M-N
M N
1
MS
1
o
1
104
103
LOS
May'99
98%....
99
100
S3
j'ne'01
105
02
"a
-J
101
Hi
99
9S'.,
102
IO0I4
99
HIP,
105%
100
M-N
Q.J
105
105
J-.
116%.
11
130
.
131 HiJ'ly'Ol
13d
134
.
133
133
I
5% Oct
104
'01
I
I)
J'ly'01
106
13% 115%
i5i%
<& Gt So See C M
St P
Dak
alias & Waco See M K & T
Oct
115
115
'01
Alb& Suslstcongu7s.l900
Registered
1906
Guar gold 6s
1900
Registered
1900
ftens& Saratoga 1st 78.1921
Registered
1921
Del Riv RR Bridge Se«PaKK
Denv & R Gr 1st con g 4s. 1936
Consol gold 4%s
1936
Improvement gold 5s. ..1928
Rio Gr So gu See Rio Gr So
Den & S West gen s f g 5s 1929
&
Des Moi & Ft D
Des M & Minn
Registered
2d 6s
Dul So Shore
&
M-S
1
M-N
133*8.
J-D
J-D
138
78
3
77
88 34 418
83
82
88
82>-2
118
F-A
M-N
87%
87%
89%
N
NYSus& W
133%136%
118%119%
in
104% 104%
117% 117%
147HiMav'01
149 Aug'01
116 Oct '01
122 J'ne*99
145% 147%
llOUNov'Ol
110% 111%
112 112%
112
152
151
149
116
J'ne'01
Oct
150
117
15034 153%
151 151
'01
Jan '01
102% Sale 102%
104%
10314
25 100
111 J'ne'01
108%
J-D 11218113% llSHiNov'Ol
108
107
111
92
96
J-J
J-J
J-D
93k
93*4
21
94Hi
113%
104
92 Hi Sale
113
111
Feb'01
108% 111
102
J'ly'01
102
93
116
92Hi
113
21
93
Oct'Oi
102
85
110
ll:i,
g
..
J-D
M-S
M-S
J-J
J-J
J-J
Det Gas Co con
1st
g
J-J
J-J
M-N
A-O
A-O
M-N
J-J
M-N
A-O
J-J
104
.M.H'.I.-
252
14
76%111
67
92
105
105
105
:
Nor'OO
99% Jan '00
101
105
95
101
ioi;
Hock Val
107
107'.,
105
104
114%.
115%A)>i'0]
i
i
.
i
'
i
Han
ooaatonlo
W
98%
Sale
&
I
lal
BeeN v N ii <v: ii
conaolg4 '^». 1999
Begistered
L999
107'-.
23 103%
104
109%
106%
I
1961
115%115%
.Mai-00
.
13'..
1
103%.
1st gold 3%s
Be gistered
1st gold 3s sterling
I'U
104
107%
101
102
102
106
102
106
.|.i'9*
1951
1951
1951
Coll Trust gold 4s
1952
1952
195
o A Tea gold 4a
1953,
Begistered
Cairo Bridge gold 4a
1950
Louisville Div gold 3%s.l95,
Registered
1953
Midland Divreg 5s
192J
St Boms Div gold 3s
1951
Registered
1951
Gold 3%s
1951
lt( gistered
1951
Spring Div 1st g 3%s...l951
Western Lines 1 st g 4s. 95
Registered
1951
BellevdsCar 1st 6s
1925
Carb & Shaw 1st g 4s... 1932
Chic St L<fe
O g 5s.. .1951
Registered
1951
Gold3%s
1951
Registered
1951
Meniph Div 1st g 4s.. .1951
Registered
1951
St L Sou 1st gng4s....l931
Ind Bl & West Bee C C O St L
Ind Dec &
1st g 5s
1935
1st guar gold 5s
1935
Ind 111 & la 1st g 48
1950
Int & GreatNorlst g 6a.. 1919
2d gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 5s.. 1938
Jefferson RR See Erie
& G R See L S & S
Kal
an & Mich See Tol & O C
K
1st gug 58.1929
Kan C Pacific See
K&T
Kan City Sou 1st gold 3s.. 1950
Registered
1950
Kansas Mid See St L & S F
Kentucky Cent See L &
Keok & Des Mo See C R I & P
Knoxville & Ohio See So Ry
.
10
104 %
'.Oct
OC1
1
2
%
102
'Ol
'01
105
ili.5
Jan
98
1
'00
.
.
120%.
1
02
1
23
'4
100% 103
N'ov'Ol
>
9U%Apr'01
101 %o
N
100
114
114
i'li" Sale
1
124
'.hi
129
128
124
107
106
109
10
May'01
Nov'98
'
112%115%
124
124
126
129%
123% 124
IOH4IOII4
Si
Oct
91
IOII4I0214
lOi^Oct'Ol
19
'01
106
107 '4
105
107
102%Nov'00
103
&
90
101% Aug'01
102
N
W
1
1(12
106
105% Oct
'01
99% Oct
'01
98
123
100
125
100%
Sale
75
78
74%
118%119
118%
118%
69
69
99%
125%Nov'01
fooio
100%
103
65
78
80
115i4llS%
M
A
C&MR&B
M
68% 69%
A-O
69
Sale
15
66% 72%
63!4 0ct '00
N
Lake Erie& Wist g 5s.. 1937
121% 123
'01
'01
'01
118% 124%
117 119%
110 115%
110%May01
110%110%
121% Oct
118% Oct
110% Oct
110%114
110 4 111% 110*4
1
11
0\
108%.
108% Nov'01
118% Oct 'Ol
ios%
109
109% Oct
108%111%
108%111
114% 118%
'99
109
109
95
100
121
123
102%Nov'01
100
105
105
100
99
95
102% 105
J'ne'01
97
97
.120
101%Sep'99
F-A
M-N
M-N
J-D
A-O 109
A-O 112
A-O 100
Oct '01
Sale 108% 109
123
123
40 107
L
J-J
Aug'01
114
108
H
Cin
&
...
98%
J'ly'01
J'ne'01
Oct '00
99%
Feb'01
il 6%
109%J'ne'01
107 Jan '99
105 May'00
109
108%
110
114
110%
113
120 34 Sale
112 l4
r.'(i%
114
Dec -00
120^
Sep '01
102%
102% Sale 102%
114% Oct
112 14
99% 100
Lex gold4%S...1931
NO&M
114
121% 121
104
10-
Coll trust gold os
1931
Coll trust 5-20 g 4s. 1903-1918
190"
Cecilian Branch 7s
E <fc Nash 1st g lis. ...1919
126
111
120
102%...
M
F-A
100
106
116
103
110%
1st gold 6s.. ..1930
129%132H130
'01
97
95
101
95
109% 110
112
111
120%
114%
99% 104 l4
110% 114%
100
Dec'00
99
102
Apr '01
116
116
Jan '98
130
130
130%
on Next Page.
Gas and Electric Light
Newark Cons Gas con g 5s 1948 J-D
NYGELH&Pg
5s.. .1948 J-D
Purchase money 4s. ..1949 F-A
100
115% 114%
97% Sale 97
Ed EHUlstconvg
96%.
1923 J-J
F-A
100
.
97
105
97
Oct '01
94
102
103
106
See
EqG LK Ylstcon
Kings Co ElL&Pg5s...l93" A-O
Purchase money 6s
199 A-O
118% Oct
119
61% Oct
.71
107
'
124
34
123%
Ed El II Bkn 1st con g 4s 1939 J-J 97
90
LacGasLofStLlstg5s.«1919 Q-F 109 Sale 109
Mnt Fuel Gas Co See Peop Gas
* No price Friday; latest bid and asked this week,
'01
'01
Dec'00
123%
'01
Oct
109
a Due Jan
5a.. 1910
106% Sale 106%
120
100
NY&QE1 L&P 1st con gosl 95i> F-A
Paterson & P G & E g 5s. 1949 M-S
Peo Gas & C 1st gu g 6s. .1904 M-N
1904
1943
1947
Refunding gold 5s
61% 102%
ChG-L<feC'kelstgug5s 1937
Coof
Chlstgui;5s.'36
Con G
Eq G & F Ch 1st gu g 6s. 1905
Mu Fuel Gas 1st gu g 5s. 1947
123 34l26%
Trenton G & El 1st g 5s.. 1949
96
9c
107 110
Utica E L & P 1st s t g 5s. 1950
Western Gas Co col tr g 5s 1933
118% 118%
d Due Apr
M-S
1995 J-J
1st consol gold 5s
2d guar gold 6s
1st con gold 6s
e
Due May TiDueJ'ly
A:
121%Aiir'01
102 3 102% J'ne'01
.
107
J-D
A-O
M-S
J-J
110
107
104
J-D
J-J
M-N
M-S
*
111
121
121%
102%104%
J'lv'oo
102% 104%
120
106
111
126
1
Nov'01
J'ne'01
Oct
'01
101% 105% Oct
'01
Due Oct
94% 98%
109%
105
124% J'ne'01
109
o
108>4ll6
102%J'ue'01
108
104
J-J
M-N
Due Aug
114%
97%
106%
114
g
SeeKCoEL&P
NYG& E LH& P
g6s..l932 M-S
Eg. G & Fuel See P G & C Co
Gas & Elec Berg Co c g 5s. 1949 J-D
GrRapGLCo 1st g 5s.. .1915 F-A
K C Mo Gas Co 1st g 5s.. .1922 A-O
EdElIllBkn
Ed E 111
105
107
87
.
1932 J-J
5s. ..1918
Bali
.1
F-A
Conn Ry & L See Street Ry
Con Gas Co See P G A C Co
Detroit City Gas g5s
lo7
E1C&N
J-J
Electric Light
1st g 5s
J-
107
123%
A-O
Si
15
'•'
J-J
MS
116
ChGL&CCo SeePG&CCo
Columbus Gas
"1
F-A
M-N
M-S
112
'01
100
.-,..
5a
MISCELLANEOUS BONDS—Continued
Gas and
\
2d gold 5s
1941
North Ohio 1st gug 5s. .1945
L Sho & Mich S See N Y Cent
112HiApr'01
112%112% Lehigh Val (Pa) coll g 5s. 199
Registered 5s
199
Leh Val N Y 1st gu g 4 HsS.1940
Registered
1940
119H? 118H2Jan'01
118%119%
118
120% Apr '01
Leh V Ter Ry 1st gu g 5s. 1941
120% 121
113
111 J'ly'01
Registered
1941
111 118
118%
123 34 Mar'Ol
Leh V Coal Co 1st gu g 5s. 1933
123% 124
107*4
108 Nov'01
Registered
1933
107 108
140% 143 140%Nov'01
139 143% Leh & N Y 1st guar g 4s. .1945
136 138 137
137
4 135% 137
Registered
19 1."
99 14 100 110 95% 101%
99 % Sale
1st g 1st pf 68.1914
99 Aug'01
Gold
guar
5s
1914
99
99
89 Sale
Leh<feHudR See Cent of N J
89*4 755 82% 91
88H2
Leh & Williesb See Cent of N
94% Sale 941,
94 Hi 73 92% 96% Leroy & Caney Val see Mo P
134%
36H>Oct '01
136% 136% Long Dock See Erie
Long Island 1st con g 5s.// 19:51
122 Hi
123% Oct '01
1st consol gold 4s
ft.1931
116 123%
'01
105%
107 Sep
General gold 4s
19
105 108
135 138 137H> Aug'01
gold
Ferry
4%s
1922
137 140
112
Gold 4s
1932
118
118%Aug-()l
Unified gold 4s
1949
118% 121
'98
112%
Debenture gold 5s
109 Oct
1931
116 117 Hi 116
Mont
116
Bklyn&
1st
1911
6s..
115 118%
g
118 118% 118 Oct '01
IstSs
1911
111 119
99 105
94 Feu '01
N Y B & B 1st con g 5s 1 935
94
94
108 Sale 108
108
1927
100 108!4
N Y & R B 1st g 5s
115%Nov'01
116 Ha
Nor ShB 1st con ggu5sol93
115%115%
Louisv & Nashv gen g 6s. 193(1
110 Oct '01
Gold 5s
111
19
107%111%
Unified gold 4s
1940
Registered
66 Nov'97
1940
Oct
116
1
Low Uiyh
Ilia
'104
J
v
&
irJastTenVa<fe Ga See So Ry
& East 1st g 5S.1941 M-N
Eliz Lex & B San See C & O
Elm Cort & No See Leh & N Y
.
120% 123%
136%140
136% 140%
117%May'01
F-A
M-S 144
M-S
A-O 113%.
A-O
A-O iio%
A-O
WIN i'50'"
M-N
Elgin Jol
W
.
A-O 115%.
1937 A-O
1916 J-J
Atl g 5s. .1937 J-J
Erie 1st ext gold 4s
1947
2d ext gold 5s
1919
1923
3d ext gold 4%s
1920
4th ext gold 5s
6th ext gold 4s
1928
1920
1st consol gold 7s
1920
1st consols fund 7s
Erie 1st con g 4s prior. .1996
Registered
1996
1st consol gen lien g 4s. . 1996
Registered
1996
Penn coll tr g 4s
1951
BntfNY& Erie 1st 7s.. 1916
gold 6s
Buff&S
1908
Chic & Erie 1st gold 5s. 1 982
Jeff RR 1st gu g 5s... .01909
Long Dock consol g 6s..l93.;
Coal & RR 1st cur gu 6s. 1922
Dock<fc Imp 1st cur 6s. .1913
Y & Green L gu g 5s. 1946
MidRRofN J 1st g 6s. 1910
1st ref 58.1937
1937
2d gold 4%s
General gold 5s
1940
Terminal 1st gold 5s. ..1943
Regis $5,000 each... 1943
"Wilk<& Ealstgug5s.l942
Erie & Pitts See Penn Co
Eureka Springs 1st g 6s.. 1933
Evansvillo <fe Terre Haute
1921
1st consol 6s
1942
1st general gold os
Mt Vernon 1st gold 6s. .1923
Bull Co Branch 1st g 58.1930
Ev<fc Ind 1st con gug6s..l926
2034 Apr '01
138 Oct '01
139
139
140 Oct '98
135H>Oct'01
119 Hi J'ly'oi
10434 10434
.
135V
J-J
Minn 6<?eStPM&M
astof
mi
LK
91
81 Hi
81 h,
A$k Low
.since
January
I
115
A-O
Cli&NW
&M
M&
l
Registered
81 ^ Sale
82 ^ Sale
88 l4 Sale
See C R
I P
See
DesMoiUnRy 1st g 5s. .1917 M-N
Tol See L S
So
Det
Det Mack 1st lien g 4s. 1995 J-D
1995 J-D
Gold 4s
Iron Range 1st 5s. . 1937 A-O
Dul
&
&
Ml
BioGr
Registered
J-J
J-J
F-A
~ -'
'< 7.
No 1st gu g 6a.. 1929
leorgia Pacific Bet So By
Gila V Q .t Nor Bet So Pac !o
.on
,v
iawegal Set N v lent
Lrand Bap a
ad Bee Penn !o
Gray'a Pt Tenn Bet 81 L 6
c B<S QcolL ii. 1921 J-J
<;i Xur
Greenbrier av Bee Ches A
A si Jo Bet C J y
129% 130%
129HiMay'01
129
J-J
Q-J
98
76
or
Sale
i
95 100%
45% 79%
<fc
W
Co Let k l%a 1911
1921
Clat g 6a
.'i
<t
A
W
Del Lack & Western 7s... 1907
Morris & Essex 1st 7s. ..1914
1st consol guar 78
1915
Registered
1915
N Y Lack & 1st 6s.. .1921
Construction 5s
1923
Term <fe improve 4s
1923
Syr Bing & N Y 1st 7s. .190(5
Warren 1st refgug 3 %s. 2000
Del & Hud 1st Pa Div 7s. 1917
Registered
1917
w
1943
Begistered
98% 4
TS'v 202
I.OHt
106
iiousi
Tes cin Bee so Pac !o
illinois Central 1st g4s.. 1951
97% 99
Apr 76 Sale
A-O 115
J.unge
eelz'n
A
Col& H V 1st ext « 4a.. 1948
138% Hoiim k & w Tex See SoFac
'.
II
ii
I
- 5
5m
jicild
lot cihi sol
Gai !ar <t
138
J-.l
A-O
Q-J
A-O
i
W
Ft
Set
pen at
ext g<
(
100
hi a
i.imi irr
Fori Stl i»
a D(
!'!
'01
'01
1
cC
Bo PaCCO
* »aJ ii a. ii ..i L882 Lai 6a. L913
Ga& Ala By let )il g6s...l9 15
102%
102%
J.J
SeeCh M
Bo
'ii a-
(
..I
1
104 % Sale
J.
1
I.'.mv, Nov. 16
i,
A PereM
i.ni
'i;i
Jan '00
J -J
J-D
i
l.'i
I
!•
let
112% 115
Price
STOCK EXCH
Bid
Oct '99
J-l)
I
\\'i
107'., 107'.,
i
1
CCC&
ii;",
2
l
n
'.'.'.'...
MO\l»
Jtange
or
Rang*
Friil n y
JVOV. 7.5
[Vol. LXXIII.
2
Feb'01
108 111
104% 110
102 104%
102 106,
109 109
107%107%
107% Jan '01
} Due Dec s Option sale
November
10,
Bond llecord—ContLoued—Page
1901.
Price
N Y. BTOOB SOB
WKBK BHDWO NOV. 6
Loin.iv A Naenv—-fConttti
1930 JJ
N A M 2d gold 8a
J-
I
MS
MS
naaeola i>iv gold 6a..
St I. Div l^t gold 6s....
Bdge Latal
„lcr
h<i
a \ a
t-'ia
ma M
S
'A
I
V A
K-A
.
1.
-J
I
a 8 in gu
s
MS
L945 M
1st g I'js
Pens A- All 1st gu
N Ala cm
L
M
1981
la..
'i
1
N
1980
3s
ittuy
NOV. 16
1
ild
Bee
I.
Metropol
Man S W
i
.1
1st
i:i
loloUlz
20
I
.
J\o> 99
lui
1
L990 A-O
L990 A-O
« 6a.. ..1908 .l-J
ti
Is.
68.
..
.
L93
I
& it V s,, n \ Cent
Metropolitan El S«« Man By
H<-\ t'nit oonsol gold 4s.. 1911
1st oonsol Income g 8a. a 1939
3d oonaol income g 3a. .a L939
191
Equip A ooll gold "is
1919
3d series gold 5s
1st
con g 4a. 197
Max Internal
L927
Hi \ Nat 1st goldOa
2dlno6s A op stmpd..'il917
2d Income gold 6a B... 711917
Ji«\ North 1st gold 6a.. ..1910
Jlich Cent See N V Cent
JlidolNJ .See Erie
102
N
si
\ A I'll
N.n a Mont
12
Sale
-
111*9 117
>
111!
JlaVlll
LOO
-
'
ill
ly
108*j
1
1
7
20
21
'-j
K;>
>-j
.
13
27
82*4
91*8
.V-
Mil
A-
103
Minn
st
<fi
M
i-
Iowa K\
L
1st gold
l-i
gold 7s
A;
8t
33
J-D
96^
96
ios"
Oct
S3
105
17
ni
80
28
0S>4
84*g
wa ocon
78..1927 J-D
1909 J-l)
K<fcToiTlstgug58.1912 M-S
Slier Sh & So 1st gu g 5S.1943 J-D
Kan C & Pao 1st g 4s. ..1990 F-A
Tebo<fc Neosho 1st 7s.. .1901 J-I)
194'2 A-O
JIo K A E 1st gu g .is
I90r> M-N
Miasonri Pacific 3a 7s
1st oonsol gold 6s
1920 M-N
Trust cold 5s stamped. al917 M-S
Begistered
a 1017 M-S
1st coll goldSs
1920 F-A
Registered
1020 F-A
Cent Br By 1st gu g 4s. 1919 F-A
Leroy&CVALlstgos 1926 J-J
Pac R ot JIo 1st ex g 48.1938 F-A
2d extended gold oa... 1938 J-J
St L Ir JIA- Bgen eon g 5sl931 A-O
120
119 1
103 Sale
-!
99
95
Hi
<fe
1st extension gold 6a..ftl927 Q.J
General gold 4s
1038 M-S
Montgom Div 1st g 5s. .104 F-A
Cairo gu g 4s
1931 J-J
St L
Collateral g 4s
el930 Q-F
&
Sale
104
07
103 >2 105
105
90 Ha Sale
120
82
102
LO
Apr "01
Hi
98
1007
88
e
1
10334
Sep
'01
105
1(15
103 Hi J'ly '01
OOHj
91 34
'-j
iihh>121»4
07
105
103',.
103
12.:
L22*a
68
40
36
"7
107
114
111
117
9 119*a 125«8
4ii 100*2 109*2
103
110
89 H> Oct '01
104
100 May'01
107 14
107
107
115
115 Oct '01
llb^Sale II6H2 117
92 H2
90
131
125 Hi
115
100
95
132
119
McM MW&A1 1st 6s. .1917 J-J
T P Branch 1st 6s. ...1917 J-J
Nash Flor & Shel See L N
KcvrH&D i'ecNYNH&H
N J June R R See N Y Cent
New & Cin Bdge See Penn Co
N A- N E prior lien g 6s 7>1915 A-O
N T Bkln & Man Bon See L I
N YCent& H U 1st 78... 1903 J-J
1 1
,
117
127*2132
121 130
87*2 96 7s
110 116 34
99 101*2
Nov'01
126*2 130
HS^
Dec'99
111
Dec'99
111
116
10578
IOS 3 , Oct '01
Begistered
1903 J-J 10534 lOSHi 106 Sep 'ill
Gold mortgage 3 His
100 J-J 108Hill0i4 10934 109*4
Registered
1997 J-J
KlOHiMav'Ol
Debenture 5s of.. .1*84-1904 M-S 103 105 101 Sep '01
Registered
1884-1904 M-S 103 105 103 Hi Nov'01
Begiat deb 5s of. ..1880-1904 M-S
1O0 Hi Sep '97
Debenture g 4s
1890-1905 J-D 101 1,
103 Hs Apr '01
Registered
1800-1905 J-D
102 14 Jan '01
Debt certs ext g 4s
1005 M-N 100 Sale 100
100
Registered
1905 M-N
102 34Ang'99
Lake Shore collg 3Hi8...1998 F-A 96 Hi Sale 96*4
'"' itered
1998 F-A
95
95 Nov'01
Mich Cent coll g3*28
199K F-A
94 Ha
94H8 Oct '01
Registered
1998 F-A
96 Mar'01
Beech Creek 1st gu g4s. J '• ::i; J-J 111 115 111*4 Sep '01
Registered
1031 J-J
106 J'ne'98
2d gu gold 5s
193( J-J 117
,
Cart& Ad Istgug4s...l981 J-D
Clearfield Bitum Coal Corp—
lstsf intgug48serA 1940 J J
N
N
N
N
2397
.1926
1918
h
M-N
J-J
col tr
1
102 '4 104*8
Hi2 '4 102*4
100 1033b
18
"95" "99""
94
97*2
93*8 97*2
97
96
111
112' 8
N
M-N
M-N
*
<fe
I
Dev Co gu g
J'ly '98
100*2 102
Registered certiric'8..1923
NorPacTerCo 1st g 6s.. 1933
Nor Ry Cal See So Pac
Nor Wis See St P M A O
No price Friday;
121
122
Hi
110>4llOHl
Id'-.-
1
108
105
Sep 01
102
Feb '01
Km
109*a
105
107
102
102
in 196
196
'01
108
110
104*4
101*3 Nov'98
102
108
01
J'ly '01
Jan
Sep
114
108
'(io
104 34 1035s
112*4 J'lv '01
133
l:;:;
131
Oct '())
13134 Oc( 'ill
ll)2-" a
L03
132
103 Sale
103 Sale
107*2
101
"
203*9
202*2
L?6
202*aNoi
110*2
132 135
129*2
103
103
107 Hi J'ly '01
101
101*2
See
104*2
105*8 Sale
1
7234 Sale
70*2 Sale
.
4
110>4 112*3
1
I
...
134
131
103
107*9107*9
10 90 104
105*8
20 H; Nov'01
132 J'lv '99
122*9 Feb'01
1
120
106
105 79
J
129
Q
103
ni -Nov'01
103*2
72 4
73 2 Hi 69*9
70*9
6 69
70*9
99 34 J'ly'01
.
114
114
106
110*2.
89
J'lv '01
88*4
9934 102
128
131*2
;
22*9
llo\117
106
102
Ma Villi
Nov'01
115
112 Hi J'ne'01
95 Dec'00
112
117
J
8
119
N Y Cent
I.
J
General gold 5s
1937 A
Ore & Cal See So Pac Co
Ore Ry & Nav ,S'ee Un Pac
104
J-D
A
M
J
M
A
121*2.
122
J
122
112H»
1
C guar
1942 M
WA
1st 7s...
1912
M912
111
105
105
112
116 »4
Deo '00
114
Oct el
1D2
Nov'98
121*4 Oct '01
llOHilUHi
121*4 126**
.
Oct
121
il()
Nov'00
112
ms^iio
111'.
114 .ri.v'oi
116*2
114*4,
!
tfov'01
106*4
106*
May'01
Oct '01
07
.
136
.
136*4 Apr "01
vpr'Ol
99»4
136*9
136*4
103Hi.
10234
106*4 Feb'01
102
106*4106*4
96 34
F
.1
A
114 US
113 117 34
116*9116*9
188
132 Hi.
29
mill ibis"
I
3d 7s
108
102
121*9.
-113*4 115
2d7s
111
.
nes C
1940
C Bdge gen gu g 4*38 194
P C C A- St L con gu g 4 *a8—
Scries A
1940 A
B guar
111
Sale
A
N<fe
Series
Series
111
105 105
101
113*9114*2
112
112 ....
J
Series B
li
Series (' 8*aS
1948 M
Series I) 3 His
1950 V
Erie& Pittsg^ig3HiS P. 1940 J
1
I
SO*
on Next Page
Col Fuel Co gen gold 68...1919
col K A I Co gen a g 5s. .1943
I
trde]
Ca
113*4 Oct *01
T
113*4 117
1
113
Ill
110*2
113
113
10634 106 84
111 J'ne'01
111
1
105 *2 109 Hi
111 116
I
WhLK & PC
FA
101
55
J-J
latest bid
See
1
and asked
this
week,
Sep 'pi
Nov'00
a Due Jan
101
e
104*2
CA
M-N
FA
\
(I
103 3
,.
tan '07
Hi.
tfay'97
mi
May'97
L06
Oct 'oo
M-N
•
ID
A-o
.Manufacturing A. Industrial
Ainer Bioyole a 1 debeu 5s 1919 M 8
Am Cot oil exi 4*38
1915 Q-F
J'ly
106
J-D
J-D
J-J
J-J
J D
Co gu g 68.1910 F-A
Co 1st g 58.1919 J-J
Due May jiDuoJ'uo h Due
.
1
'u Bit Coal A C 1st g 6s. .1919
Jefl A Clear C<£
1st c 58.1926
2.1 gold 5s
1926
l'b as \';,i Coal 1st gel 6a
Booh 4 l'n c,v- pur in 58. L946
Sun Ck Coal Let g a 68...1912
Tens Coal T Div 1st g6a
Blrm DlV 1st consol 68.. 1017
Cah C M Co 1st gu g 68.1922
i
&R
5s. 1909
4
J
J-J
Clearf Bit Coal See
YC&H
ColC«fe I ext 1st con g 6s. 1902
Col C
103 3
St Paul & Dul 1st 5s. ...1931 F
2d 5s
1917 A
1st consol gold 4s
1968 J
Wash Cent 1 st g 4s
1948 Q
DeBarCfe
I
'.|
208*4
Sail
108*4...,
W
N
sines D isguar
series E 8*a guar g...,1949
Coal and Iron
Cah Coal Min See T C
no
Coal and Iron
<fe
cur 5s. 103s
Fit and real est g 4H>s... 950
Jlut Un Tel s fund (Is. ..1911
Northwestern Tel 7b
1904
203*4
202 H;
132«b
114Hi
Iniprovem't &
New Ktver lstgbs
1932 A
& Ry 1st con g 48.1996 A
Registered
1906 ACC&Tlstgug5s
1922 J
Scio V <fe
E 1st gu g 4s lOso HiNorth Illinois See Chi &
North Ohio See L Erie &
1946
ac of Missouri See JIo Pac
Panama 1st s fund g4His.. 1917
Sink fund subsidy g 6s. .1910
Peuu Co gu 1st g 4H2S
104*2 108
1921
Registered
106 107*8
1921
Guar
8*98 ooll trust reg.1937
107Hill034
109*2 109*3
C St L<fe P 1st con g 5s. 1032
101
Registered
1032
106*s
103
106 34
C1& Pgen gug4*aB8erA.'42
100 Hi May'01
100 Hi Oct 'OH
109 Oct '90
Mut Un Tel Co See Westn Un
N Y N J Tel gen g 5s. .192(1 M-N
No Westn Teleg see West Un
West Union
10
NYC
NW
J-J
1st g 4s. .2307 Q-J
s I 5s.
1
J
1941 M
1931 Wext g6s..lo:; i F
Oswego & Rome See
O C F & St P See C &
Pac Coast Co 1st g 5s
Telegraph mid Telephone
g
llo
A pr'O.)
113
I0*a
107
Nor & South 1st g5s
Norf & West gen g 6s
MISCELLANEOUS BONDS—Continued
tr
125
Mai
L22*9 May'01
Y A Put -See N Y C & H
Y & R B See Long Island
Y 8 & W See Brie
Y Tex & JI See So Pac Co
Pitts Ft
95
I
Ore RR <fe Nav See Un Pac
Ore Short Line See Un Pac
.
<fc
T& TlStsf g5s
1
N
Nov'01
Nov'01
95*4 Oct '01
114»4 Nov'01
99 Oct '01
113*4
1'
...
126*4 129
See Gt Nor
St Paul-Dul Div g 4s. ...1996 J
Registered
1996 J
St P <fe
P gen g 6s.. ..1923 F
131
125
113
...
1
lstg 58.1936
.
|.
m
Bi
.i
<Ss
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II314.
121
\
115*8 Mav'ou
120*4 123
113
W See C C C & St
OInd
hio Kiver RK
129
....
ni
io
131
I
Nov
I'.'i
N Y ct Greenw Lake -See Erie
X V A liar See X V C«& Hud
N Y Lack & W See l> L W
N Y L E & \V See Erie
NYALongBr See Centof N J
N X & N E See N V N AN VN HA Mar 1st reg 43.1903
Nor & Jlont
<fe
Registered
Erie T <fc T col
g Ba...<
10
101*4
1
11(1
C B & Q coll tr 4s
HO^J'ly'OO
128 Ts
'.'.'..
126
W
<fe
W
':
Latext5a.M922
2d gu
n.
W
M ohawk & M al toeNYO&H
Monongahela Riv See B
O
Mont Cent See St P JI & M
Morgan's La & T See S P Co
Morris & Essex See Del L<fe
Chat & StLl8t7s.l918 J-J
Nash
1st consol gold 5s
1028 A-O
Jasper Branch 1st g 6s. .1923 J-J
'4
16*8 Api
L9 LO
89 Hi 90 Hi
100 100
N
1 105
107
N
113 115
87 114 119
Northern Pacific
114*2116*2
Prior lien ry & 1 gr g 4s. 1997 QHOHiJ'ne'Ol
02
92 34 414 84*4 96*4
Registered
Sale
1997 QGeneral lien gold 3s
02047 QRegistered
a2047 Q-
109H2.
1
1940
YO&
87 Hi 9134
....
1931
N
l""' T s
...
L38
loo'i 100 Hi
1 17*8....
Convert iicii certs 11,000
A'
small certs flOO
98 103 Hi
Hotisatonic R con g 5a. .1937 M
98
98
N H & Derby con g 5s. .1918 M
Y & N E 1st 7s
1905 J
96'4l00»8
1st 6s
75
87
1906 J
N Y & North See N Y C & H
07
106
N
Wref lstg 4s..</1992 M,
98 100
Regis $5,000 only
96 108
</1992 M99»4
27
106 34 Nov'01
106
91
L23*a
1
111 Sale IIOH2 111
*112 12
115 Oct.'01
123 Sale L28
123
105 106 105 Hi 10534
M-S
Mob & Birm prior lien g 5s 1 045 J-J
M Oltgage gold 4s
104 5 J-J
Mob Jack A KC 1st g 58.1946 J-D
Mob Ohio new gold (is. .102 J-D
120
103
lOO^Sale lOO^
82
147*al47*2
110
122 H;
119 J'ne'01
123 i-j A pr '01
122 Kj Feb '01
103
98
A-O
J-J
J-J
147H2Feb'01
Ill
KM
L902
L909
it 1st gu g 58.191 - M
tna tte Blk Hivglig Is. 1 922 JN Y Chic A st J. 1st g 48.1937 A
Registered
1937 A
148*4
120
125
111
117 "ui»i
1"7
I
M
Met
i
L934
V 1st g6s 1918
N YA
RW40T
i
Conim Cable Co
li
.1934
58
gu6a
Bat c & stiir 1st gu g 3a. 1989
N \ a Harlem g 3*aa...2000
Registered
2000
North 1st g 5a.. .1927
oswe a B
l
Am Telep & Tel coll tr 4s 1929
l-i
1st
\
(is
Registered
it
Id Us ..1921 A-O
Paeuic
South W.st K\ 1st g 78.1910 JD
1984 M-N
1st oonsol gold 5s
1st ami refund gold 4s.. 1949 MS
Minn A- st l. en Bee B C It & N
>1 a- Plat Ssstpd i- nit gu 1986 J-J
MSSMde A 1st g4 nit (.mi 1026 J-J
M StP&ss.M oon g lntgu'38 J-J
JlinnUn 8ee st p M &M.
>io Kan 4 Tex 1st g4s...iooo J-l)
2d gold 4s
pl990 F-A
1st ext gold o.s
1944 M-N
Dal & Wa 1st gn g 5s.. .1040 M-N
W
MoK a
.
gnc
1st
BB
130
May'00
l'
Gen con stamp gtd g 5s 1031
Unified <fc ref gold 4s. .1029
Registered
1020
Verdi V I <fe
1st g 58.1926
Miss Riv Bridge See Chic & Alt
i:
in
Lar'00
i',s
103KiApi-'oii
95
a.-
st
(.
Hi
„
L17°»Mtt5 "i
latered
Ls.t W .sv. Ohio* N W
Mad See Chic A N w
North See Ch M <S 8t P
Jlil
Jiil
Jiii
a a
15
:
109
1
4s...
90%J'1V01
13
......
19
1
O
M-S
J-l)
\I-S
1
Jlicb Cent
hi consol 5s
80 Hi 90
38*4
26
20
A
[JI-
id
A-d
A
l>
5a L916
g
3'vs
nH red
.Mon
A Tol 1st 7s
Del
Loo"
2d guar
83-j
.
II
gu
2301
Shore consol 2d 7s L90H
JMalion ("I
liiK in;'
83 Sale
20 'v
20 K. Sale
'
I
r.d
ti
i.ai.i
KI2
104
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!
117
113
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I
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73
LO]
K
I
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(ioll\ A OMO
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s a BCS
anhatlan Kv consol
•
lln/li
i
I
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\\\
1
i
113
114
Lou
lan 'oi
101
111'Ill
111
A'u
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LIB
.
MS
I
<
January
//n//i
v (TOi 8
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.Si.
Last
190
124
710b
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tektt
or
ii
Range
Ask
id
J!
1910 A-O
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Li*- Co nu g U.. 1946
A Jefl
a 1.
u
.\ a a
Set
1 :.
BON UN
a
BONDS
1051
8
p Due Nov
110
111
loT
Oct '01
110*9Nov'01
KC.
lui
Hs
Sale
101
83
64
s
67
101
Option
09
sale.
104
105
110
112
100
104*2
l
*-j
102
Jan
'00
64
60
100
99
82
102
Bond BeCOrd— Concluded— Page 4
1052
BONDS
stock
N. v.
\\
BONDH
Week
an<;k
ending Nov.
i.k
i
IT in-
K.xcil
January
Nov. 16
Bid
pens BB
192
190
lonsol Btei img u lis
currency (is reg...pl90
g
Lsl real eel
i
Low
hih
L09>9 io:".j
L2
ioI
gold D8
ion jo] gold -is
Alleg
\ al
& Mar
CI
1
I.xcii
Nov. 16
.
Southet
Pac
Gila V'Qi
lions K A \\
9 13
l
"in ga g
1-1 gil a
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is... 19
'
I
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i
MS
MS
•
1
tfar'00
107
107
117
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M
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1
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117
May'00
1
112
112>a
L27
12
"2'j
133'.,
133%
1
1
126"' 127
1 14%^
L08
eb'01
;
1
ill>
114%
M.& Co cents
V & Ash 1st con
Reading Co gen g 4s
jticii
..
..
116^.
107 H Oct
'98
Oct
'01
120
113%118i2
"99" ibii.
Aug'OJ
War'01
100%
121%
',
Inn
120
99% Sale
98
121
389
Apr '01
92
921-2
9934
92
9234
<fc
101
Salo
'
1
97
97
'
92
1st gag 6s.. .1931 J-D
1940 J-J
Bio gr So 1st gold 4s
O0 3
101
96 Aug'01
.10
Oct '01
90
ill'Ol
106
>3', Nnv'nl
1940 J-J
801-2
92%
98 s
93 3*
B R&P
Rome Wat &Og -S'eeNYCent
Rutland 1st con g 4%fl
1941
Rut-Canad 1st gug4%8. 1949
rus
Pere
.fa 11
Bee
Marq
Say
alt LakeC 1st gsf 6s. .1913
St Jo A; Or lsl 1st g3-4s.. 1947
St Law & Adirou lstg 68.1996
2d gold 6s
1996
St L & Cairo Bee Mob & Ohio
St L <fc Iron Mount Bee M P
See ffa bash
9Ri2 1C334
93 14 96 '4
41
.|
Or June
Guaranteed
Roch <fc Pitts Bee
-
90
105
S5
94 1-4
J-J
J-J
J-J
J-J
J-J
B
1906
1906
1931
1931
1st trust gold 5s
1987
RR
St Lcfc S F
gold 48.. 1996
Southw Div lstg 5s. .1947
1951
Refunding g4s
Registered
1951
Cc-ul
St Louis So Bee Illinois
1st g 4s bd otts.1989
2d g4s inc bond ctfs...j>19S9
Gray's PtTer 1st gug 5s 1947
St Paul & Dul Bee Nor Pacific
StPaulM&Man 2d 6s... 1909
1st consol gold 6s
1933
Registered
193
Reduced to gold 4%s..l933
Registered.
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s
193,
Registered
1937
E Minn 1st div lstg 5s. .1908
Registered
1908
Nor Div 1st gold 4s.... 1 9 48
Registered
1948
Minn Union lstg 6s
1922
Mont C 1st gu g 6s
1937
Registered
1937
1st guar gold 5s
193,
Registered
1937
Will & S V 1st gold 68..1938
Registered
1938
93% 94% 94
94
89 % 98
12
A-O
1st
•
st
A
'-'old
.1
6s
1
1
1
1
19
1)3
07 "a
t
1
-
D.1906
\
i
107 v
o
3
i
1
1
;
12*6"
Hi"
-
10
102
J-.l
S Parol N .Mix 1st g6s..l91
S P Coast 1st gug4s....
J-J
Tex A- N O 1st 7s
1905 K-A
Sabine Div lstg 6s.... 1912
19 13
Con sob 5s
Southern— 1st DongSe
199
Registered
1994
'2
118
....
100''-
116
95% Suit
120
121
MS
1922 J-J
Ga Pac Rv 1st g lis
Knox & Ohio 1st g 6s. ..1925 J-J
127
121
95
Mob & Ohio coll tr g 4s.. 1 93s M-S
Registered
1938 AI-S
Rich & Dan eon g 6a
1915 J-J
Equip sink luml g 58.. 909 |M-S
stamped
1927 A-o
Deb 5a
Rich A- Aleck 1st g 4s. ..1918 ii-N
So Caret Oa 1st g 5s. ...1919 M N
M-N
M-N
131
,112
114 «J'ne 01
133
lU'sMay'OI
132 U
132%
HO^ 116^
102%Oct'00
11134 1141k
111
114%
136 1-2
L25
112 '2 119
126
107
Stat lsl
Ry
Sale
113
116
116
1936 M-N
F-A
J-J
120
1st
Penn
RR
Syra Bin g
91i4 102
iOO'..100%
I
&NO
1
:
:
1
W
'|
]
10
96%
:•:;
...
1
19% 121
:20' 4
21
.16'-.
'Dl
.
i
24
.128
129
'«
5
96%
121
1241-2
19
111%
95'-.
Xov'O
'4
llo
83
107
102
00 34
.KlVOi.
Dec '00
110
Oct '99
Sep -ol
Oct '01
Aug'01
114
113
115
114
117
116
91% Sep '00
20^ Xov'O
116
120%
117
116
1
J'ly'00
W
& N Y See 1) L &
Hpebo <ie N SeeTA K & T
95
1 er A of St L 1st g 4%8..1939 A-O 114%Sale
J-J
98
96% Oct '01
loo'-jSep'Ol
99%
1894-19! F-A 115
A-O
1st con gold 5s
J-J
98% 97%
98% 13B 97 hi 98%
St L Al Bge Ter gu g r.s.1930 A-O 112s2
J-J
Tex
Bee So Pac Co
Tex & Pac F. Div Istg6s..l905 M-S
97 4 85 9r,i4 101%
StLSW
.M-N
2000 J-D 120 hi Sale
97% Sale 96%
1st gold 5s
80!.2 211
J-J
80% Sale -934
82 4
2d gold inc 5s
?2000 Mai
71
J-D
1931 J.J
La Div B L 1st g 5s
Tol<fe O C 1st g5s
1935 J-J 115
A-O 115
llCAiNov'Ol
11 5% 118%
Western Div 1st g 5s... 1 935 A-O 11212
J-J 140
i:;9Moct'0i
General gold 5s
1935 J-D 105%
139 142
137 »jFeb'99
J-J
Kan A AI 1st gu g 4s. ...199ii A-O 96
J-J 116
116
1st gold 4s. ...1917 J-J
11G
13
116% Tol P ct
92«a 94
lli;J 8 Apr'01
J-J
90
Tol
St L & Wpr lien g 8%8.1 925 J-J
1161s
.M-N 115
81% S2H>
116
HG'a
1950 A-O
116 P-'lM.2
50-year gold 4s
J-li 105 "-2.
106% loe^
102%I07Hi Tor Pi am & Buff lsl g 48.M946 J-D 100 102
J-i) 103%.
106 May'01
106 106
Ulster* Del 1st con g 5s 1928 J-D 109%
A-O 106
106 Oct '01
106 110
n Pac RR & 1 gr g 4s. .1947 J-J 106 Sale
A-O
Registered
1947 J-J
A-O
1911 M-N 107% Sale
1st lieu convert 4s
A-O
Registered
191 M-N
J-J
128 Apr'OO
OreRy&NavlstsfgOs 1909 J-J 107
J-J 140 .
140
132 140
Ore Ry & Xav con g 4s. 1 91 J-D 108% Sale
J-J
115 Apr'97
Ore Short Line 1st g6s.. 1922 F-A 128 Sale
J-J 122^:
121% Aug'01
1st consol g 5s
i"2l" i'22*
1946 J-J 1183*119'!!
J-J
104
Non-cuni inc A 5s
A.1946 Sep
J-D 124%
120 Apr'99
Utah & Nor 1st 7s
1908 J-J
J-D
Gold 5s
1926 J-J
St P & Nor Pac Bee Kor Pac
Uni N J RR & C Co Bee Pa BE
St P & S'x City Bee St P M A>o
Utah Central See P.io Or Wes
S PePrescfe Ph lstg 5s.. .1942 M-S 108%.
111 Aug'01
104 111
Utah <fe North See Un Pacific
S A & A P Bee So Pac Co
Utica & Black R See N \" Cent
3
S F cfe N P 1st sink! g 58.1919 J-J 112%.
11134 Oct'01
Bee Mo P
110!2lll 4 \ T er Val 1 nd 6c
1st gold 6s. ...1934 A-O 125
Bav F &
' irginia Aiid
L26%Jan'00
See South By
1st gold 5s
1934 A-O 110%.
23
1939 M-N 118 Sale
Wabash let gold 5s
St John's Div lstg 4s. ..1934 J-J
93
94*4 Feb'01
1939 F-A 110% Sale
2d gold 5s
9
94»4
Ala Mid 1st gu gold 5s.. 1928 M-N
106% Feb '01
Debenture
series
1939 J-J
98
A
106%10934
Brunsdb
1st gugls.. 1938 J-J
87
87 Aug'01
1939 J-J
Series P.
60 Sale
87
87
Sil Sp Oca & G gu g 48..1918 J-J
82
91%j'ne'01
9114 91%
Det & Ch Ext 1st g 5s. .1941 J-J Hi
87
Scioto V'al & N E 6'eeNor&
DesAIoin Div 1st g 4s. .193!! J-J
98
9>i
10434 Feb '98
Seal) & Boa 1st 5s
1926 J-J 110
St Chas Bridge 1st g 68.1908 A-O 110 111
Car Cent 1st con g 4s. ..1949 J-J
Warren Bee Del Lac & \Ye»t
Sher Shr & So Bee M K & T
Wash Cent Bee Xor Pac
silspOca<fcG i'eeSavFcfcW
WashO&W See Southern
Sod Bay & So 1st g 5s
1924 J-J
West N 5T& Pa 1st g 5s. .1937 J-J 120 121
So Car & Ga See Southern
1943 A-O
99% Sale
Gen gold 3-4s
Southern Pacific Co
</1943 Xov
Income 5s
2-5 year coil tr g4%s
J-D
"101
1905
101^ 101
101% 12 95%101»2 West No Car See South Ry
Gold 4s (Cent Pac coll). /.T 949 J-D
95»« 143 83
94 34 Sale
95% West Shore See X Y* Cent
94«a
Registered
fcl949 J-D * 39
92
89 Oct '01
89
Va Cent & P 1st g 6s.. 1911 J-J
89
1st gug 5s. ...1941 J-J
A<fc N
ill J'ne'01
96 111
Wheel'g <fc L E 1st g 5s. ..1926 A-O 113
Cent Pac 1st ret gu g 4s 1949 F-A 101% Sale 101% 102%
Wheel Div 1st gold 5s.. 1928 J-J 112 115
100 10314
Registered
1949 F-A
99%J'ne'00
Exten & Imp gold 5s. ..1930 F-A 111
Mort guar gold 3 "as. fcl 929 J-D •'"sf^'ssi-i 88 8
S3 '4 89%
88%
1st consol 4s
1949 AI-S
92 % Sale
Registered
£1929 J-D
Wilkes & East See Erie
1
Gal Har& S A lstg 6s.. 1910 F-A 111%
111
'01
Oct
108%113 s Wil & Sioux F See St P Al A- Al
2d gold 7s
1905 J-D 107 34 Sale 10734 107 34
1 07 14 107 34
Winona cfc St P Bee C & X
Mex& PaclstgSs 1931 M-N 10734 no 1071-2 Oct '01
SSi-2
100 107H Wis Cent 50 yr 1st gen 4s. 1949 J-J
SS
ii6%.„.
A-O
Sep
J'ly'01
117
1 939 J-J
gu g4%8..1943 J-D
Bee
<4
123
1
& Xor 1 St g 6s.
Sunb&Levv
:
114
117
117
:i2
Nov'ol
119
114
118
114
101
1st Oy gu Is. .1924
1st con g 6s. .1914
J'ne'01
95%
109
Virginia MidserD 4-58.1921 M-S
1 926 M-s
Series E 5s
General 5a
193( M-N
Spok FaUs
100 '4 1O0-,
120 Mar'01
94 "a
95",.
127
126
123
.21
120 '4
120'
Sep HI
112
121
119
118" 119
Ul'e
;
120%
120'4
I20'.i
110 34
110
.;
1930 J-J
1956 AI-N
1938 M-S
Registered
114%
tfov'97
lv'oi
I20i„ 120
Atl& Danvlstg 4s
1948 J-J
Atl& Yad 1st g guar 48. 1949 A-O
Col&Greenv ist 6a
1916 J-J
5s..
2111
Apr'Ol
110
Mini Div 1st g 4%-5s..
St Louis div 1st g Is ...1951
Ala Cen li 1st gBa
1918
S&NAla Seeli&N
,
U/J
110
1
Div g
Con 1st gold 5s
E Ten reor lien K 5s
Id"
i
;.
1()9
I
ETVa&Ga
ly'oi
114'.jOct'01
MS
Guar stamped
1
14%
111%
12
107
A <>
1912 A-d
93 M-N
6s
1905-1937 M-N
con guar g
W
87""
J
1905 A-O
r.
WO<fc
West N C
J-J
J-J
J
1
StLKC&N
St L M Br Bee T KR A of St L
St L & S Fran 2d g Os CI
2d gold 6s Class C
General gold 6s
General gold 5s
190"
A-O
Stamped
120
120
J'ly'97
del 'o:
H
Bee D
& Dan Bee South Ry
A Meek Bee Southern
J
..
golil
il
lstgl
1st
llR'»Sep'tn
101
1991 J-J
1997 J-J
Bio Or West 1st g4s
L989 J-J
Consul and col trust is .1949 A-O
Utah Cent 1st gu g 4s.«191 A-O
1
1
123
Ill
68.1927 M-N
Registered
& Bar
u
I
-:
1
I
1
1"
BiOll
.Mi \
Cal
Hamuli
13*7*"
Ore * Cal 1st guar g Ss.1927 .l-J
S A <^ A
19 13 J J
So Pol Argu 1st g6scl909-10 J.J
s I' of Cal 1st g 6a
1905 A"
i:;'7"K'oV'97
L943 .l-J
1917 J.J
Rensselaer
01
.
1153,
i
J
Pitts
VT,v
-
192H J-J
1912 A-(.
1st)
Pitta* i, Erle2dg 6s.. .01928 A-O
ruts MoKeea & Y SccX i leu
Pitts sh A I. E lstg6s...r.>n> A-O
1st consul gold 5s
1'ittsA; West 1st g 4s
N
11%
10>9
91
A-o
1
lsl
No
38% Jan '01
in!
114% Sale
llimin Div 1st g 68.1939
BagTns<& ii 1st gug 48.1931 I' A
Pine Creek reg guar 08.. .1932 J-D
j'itts ciii <t st i.
Bee ivim Co
Pitts Clev & Tol 1st g 6s.. 1922 A-O
Oh
Bee ivim Co
Pitts Ft \V &
L922 J-J
Pitts Juno 1st gold (is
l't
Ja*n"'oi
.
.
127
38
A-O
1939 M-N
g B
112"
f
W921 M-N
2dgold4%s
Morgan's La A T
.
112'.,
Pensaoola & Ati Se» L a
ivo a Bast Set
C A St i,
ivu a Pok rn 1st g 6s.. ..1921 Q-F
Pere Marq -F<S P
1
<
L93 M-N
g.'36 K-A
'-j
.l-J
(
i
16
M
.'.
lonsol r 6s Int guar. ..1912 A-O
.en gold Is mi guai
A (i
MWaco<S N \s' div ]si
M-N
•/li.
I
'
11
II
Or i: a- es 1st gug4 %s 1941 J-J
Sum A Lewis 1st g Is... 1930 .l-J
U N It it dbCau geii is. L944 Ms
Rio
\\
i.
i
Con
i
i
II
1
J-J
r
<
JXo
109%
M-N
is.
STOCK
X. Y.
Sift
LS
[Vol. LXXIII.
'
.
.
(
'.
114% 114%
115
115
115
Mar'01
104
120
95
Feb '01
111
J'ne'01
115
115i,i
1 1
3% 11
f-
L16%
115
115
104 104
66 1151*12034
Nov'01
I
90
100
110%111
113 117%
1124
112',
112'-2ll5%
107 Kov'ol
108 IO8-2
96 14
9Gi4
95
93 Oct '01
90 Oct '01
92%
88
82
73
85%
82
100
100 Nov'01
109%
109
10914
106%
IO.534
106 140 103% 107
1041-2 Sep '01
104 106 34
1321 103
129
10714 109
110
110
Apr'Ol
103%
104
128
128
119
103 "a Oct '01
10134
.125
11834
11 7
"-j
113
no
105%
130
121
1034106
Mar'01
117
113
119
113
1181-2
117
12034
J'ne'01
W
W
.
1
1
.
1
W
W
W
W
.
W
118
110%
98
59ia
111
98
110
120%
107%114
96% 102%
111
Nov'01
61%
Oct '01
Sep '01
110
40
110
95
12 110
120%
119
95
31
99 >a
99%
40 Mar'01
88%
98%
112
122
100%
40
113%113%
112 117%
113% Mar'01
112
113
112
92
70
111
Oct '01
May'01
IHI4II634
J'ne'01
112
S9
9314 293
Ss'. (63
112
94
92%
S514
.MISCELLANEOUS BONDS—Concluded.
&
Industrial
Manufacturing
AmHide<fe L 1st sfgGs.. 1919
Am Spirits Mt'g 1st g 6s.. 1915
Am Thread 1st col tr 4s. ..1919
Bar& S Car Co
6s... 1942
Consul Tobacco 50-yr g 4s. 1951
Distilling of America collateral
1st
94
1911
Gramercy Sug 1st gold 68.1923
111 Steel Co deb 5s
1910
Xon-couv dehen 5s
1913
Int I'aper Co 1st con g 6s. 1918
Knickerbocker ice (Chicago)
lsl gold 5a
192S
Xat Starch Mfg Co 1st g 6s 1920
Xat starch Co s 1 deb 5s. .1925
Stan Rope& T lstg 6s. ..1946
Income gold 5s
1946
S LeathCosfdel)g6s..l9131M-N
USLeath
Co 8 fdeh g 6s. .1913
'
Friday; latest
93
80
105
g
trust gold 5s
No price
Miscellaneous
93
80
C434 Sale
86
Sale
90
101 l4
109
.
.
64%
934
26
90
98
80
15
75
85
Jan
'00
Ol
7-
194S M-S 104%
Adams Ex coltr g4s
104% 105
Am Dk <& Imp 5s Bee Cent N J
iiklti ferry Co 1st con g 5s 1948 F-A
83% 86% 83% Oct 'Ol
Bklu
633
r.2'4
67 14
S6
86% 142 82
86%
99 -„ Apt '0
90 100 1-2
\I'J
Jan '99
i'ovr iob"*
100%J'ne*01
105 111
108% 109
1
W WH
<fc
1st 5s tr
ChiC Jc .ft St Yard
col
g 58.1915
9.8
107
93
Aug'00
107
107
92'
1 107
15 91
110
96
F-.\
90
Oct
J-J
91%
j"-*j
Del Al A; Al Id gr 3 1.2s s A.1911 A-O
Hack Wat Reor 1st g 5s. .1926 J-J
Hohoken LA- I gold As. .. 191o AI-N
75
ill
33
Sj
Sale
I
92
51
S3
68
111
29
78
111
91"4
35%
)
N Y out Land 1st g6s..l910
BE Secur Co 50-yr g3%s.l951
St L Ter Cupples stat'mv Prop
'99
91% 914
91%
Co 1st g4%a 5-20 year.. 1917 J-i
59
117 46 "a 72% S Yuba Wat Co con g6s..l923 J-J
60
101 Feu'97
6I4
5
113%J'iy'00
7%
12
Sp Val Wat Works 1st 6s. 1906 M-S
6% Sale
'01
H2I4
Oct
.is.
115
llo
5s.
....
113
113
1st
..1910
112 112%
115% Vermont
s
.19101
Vermont Alar
b f
bid and asked. aDueJau b Due Feb riDueApr jjDueJ'ne /ihucJ'ly k Due Aug »i Due Sep p Due Nov q Due Dec
92
55
109
Alad Sq Garden 1st g 5s. .1919 Al-N
Alan ISch 11 & L gen g 48..1940 AI-N
As ,1 199(1 J-J
tfewp Xe Ship A I)
cfe
Sale
Sale
31%
75
Mar'01
33 hi
Sale
ctt's..
103
•
'•i
t
.
s
Option
sal
November
THE CHliONK
1C, 1901.]
stocks
>
Railroad
T
UV lj
J>
jyui
IikIo.ii
A sk
1
Stock Exchanges
of Business at
100
TRANSACTIONS AT Tin. NEW JTORB
DAILY. WKKKl.V am- YEARLY
Week
10.
StewUlea
<;n*
Volume
LK.
1
J:c
,.JI<
Jlonds
J'ar value
'"
i2:
.
.
Saturday
,100
104,800,900
lay
Wedni
$5,123,000
10
Monday
6,282,500
1,1.-
'.i
5.11
j.950
jday
odCou Nal
6.7'.'
Thursday
Friday
661
Total
Pi
st
$81,003,000
$477,288,850
mding
Hew York
January
A'ov 15
'1
Joseph
1
1
Gen
11100
Bank
shai
es,
$40,250
$129,475
$144,026
$237,100
$1,625,070
2,367,800
$6,173,710
1,868,200
426,064,300
pai
BONDS
Government bonds
State bun
31.003.ooo
13,000
22,800,000
$81,025,000
$22,650,100
$22,00(1
RR. and mis. bum:-
887. 2
$891,282 lTo
$434,101,210
DAILY TRANSACTIONS AT TUB BOSTON AND PHILADELPHIA
EXCHANGES
A'ov 15
lyoi
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Total
Philadelphia
shares
$42,300
36,200
89,880
00,000
82,560
65,500
3,179
14,571
15,395
37,685
84,476
16,964
30,885
19,366
6,882
11.493,
10,800
(
4
Bid
35
102
240 h
101 14
108
Exch
4114
iioi
255
U20
208
101
175
Exch
120
115
lOSJfl
400
105
395
M
Lex Av & Fav F 5s .see Si
Ninth Avenue stock. 100
Second Avenue stockloo
lstmort 5s 1009. .M-N
65
112
99
k Exc
196
214
U06H.-
F-A ni8
Consol 5s 194S
Sixth Avenue stock. .100 175
Sou Boulev 6s 1945..J-J nil
SoFerlst 5s 1019. ..A-U nos
Third Avenue See Stock Exch
Tarry
F 6i 11 5s 1928 103
i'kersStBR 5s 1946A-U 103
28th & 29th Sis 1st 6s '96 108
Twenty-Third st stk.100 408
Deo 58 1906
J-J 103
Union Ry 1st 5s 1942 F-A II6I4
Westchest 1st 5s 1943 J-J 105
274,622
$371,400
362,700
488,800
449,100
662,900
749,250
667
4, 2 9 9
1,862
3,356
15,407
$3,083,650
W
BKOOKLYN'
Atlan Ave 5s 1909. .A-O
A-O
Con 6s g 1931
Inipt 6s See Stock Exc
B B & E 6s 1933..A-0
Brooklyn City stock. ..10
Con 6s See Stook Exch
Bkln Crosstn 5s 1008. J -J
Bkn Hgts 1st 6s 1941 A-O
Bkln QCoifc Sub .See Stk
Bklyn Rap Trail See Stk
Coney Island & likly nloo
1st 5s 1903
J-J
6scrtfsuidbt 1003. .J -J
W
5107
113
100
37
Preferred
100
104 >2 Indianapolis St Ry S-te
250
3 O Hob & Paterson.,100
102
4sgNovl 1949. ..M-N
110
Lake st (Chic) El stk.100
list
Deb 5s 1928
J-J
116
Louisv St Ry 5s 1930 J&J
103
Lynudfc Bos 1st 5s '24. J-D
MinneapSt Ry5s See Stk
126
New Orleans City Ry 100
Preferred
219
100
104
North Chic Str stock. 100
185
J-J
1st 6s 1906-16
list
North Jersey St stocklOO
125
4sl948
M-N
Pal Ry con 6s 1931. .J-D
118
104J-2
A-O
2d 6s 1914
Rochester Ry (new). 100
410
109
loo
Preferred
Con 5s 1930
405
A-O
2d 5s 1933
J-D
70
114
So Bide El(t:iuc) stk.ioo
101
Syracuse Rap Tr 5s 1946
list
U nit Rys (st L, Trans) 100
205
Preferred
100
218
Gen 4s 1934
J-J
107^4 Unit Tr& Elec (Prov)lOO
loo
119
West Chicago St
Cong
106
105
ill
415
106
117
108
108
115
h list
101
241
Street Railways
N
Yit
M-N
&
Atlantic
26
Providence Telephone. 60
Southern it Atlantic. .25
Tel Tel <fc Cable ol Am. 15
Companion
Electric
Allegheny Co Lig'tColOO
Chicago Edison Co. ..100
EdieonEimCoBrk N
v
103
242
Exch
Exch
325
102
101
Cent Union Gas 1st 5s...
Con (.as |N Y) stook N V
Equit Gas con 5a 1932 See
Mutual Gas
100
New Amsterdam Gas
1st consol 6s 1948. .J-J
N V Elec Lt Heat&Po wer
Gold 5s See N Y Stuck
N Y & East River Gas—
1st 6s 1944
J-J
Consul 5s 1045
J-J
Nor Un 1st 6s 1927.M-N
Standard Gas com.. ..100
Preferred
1st 5s 1930
OTHEB
list
hat
400
108
Light & Tract. 100
Preferred
loo
Baltimore Consolidat See
Bay State Gas
50
Amer
Gr'pi AjLoriiuer si 1st oo
106
109
Exch
list
83
113
85
114
99
108
120
Kings
6s 1944
1st 4s 1951
A-O
J
J
07
OTHEB CITIES
Buffalo Street Ry—
1st consol 5s 1031. .F-A 41163.) 118
Deb 6s 1917
A-O }106 107
Chicago City RR stk. loo 190 105
ChioUniun True cum. 100
12»a 13
Preferred
loo
60
Cleveland City Ry
100
Lis"
Cleve City 1st 5s 1009.J-J
Cleveland Electrlty.loo
86ht 89 >2
Con 6s 1913
,M-S
Columbus (O) StRy..lOO *45»4
Preferred
Colum Ry con 5s
100
loo
See Fli da
4
Buyer pays accrued
102
list
Crosst' wn 1st 5s '33. J-D 4110
M-N
CITIES
iffia Biughamton Gas
NewWU'gds Fl 1st ex4>28 106
Stemway 1st 6s 1922. J -J 4118
100
107
Brk O <te N 6s 1039. J -J 113>8
Gr St&N e\v 1 81 5s '06 F-A 104
Co. Elevatedlst 4s 1949 See Stock
Nassau Elec pre!
100
M-N
113
interest.
30
33
89
87
Phila
17 »«
i
list
12 "a 1234
102 H2 103
411812 120V
4112V 114
Exch list
31
107
195
29
104
Ha\ ana
list
120
L23
4100 "38"
36
88 "a 90
110
100V
110
100
'.j
30'<«
88»4
5
91 4
109
95
4 99
102
31V
89 V
91V
110
97
4109 110
Stuck Exc
Stk E x list
298 302
,
.1
16
113
Exch
.
Income 5s 1030..
Denver & South'u See S
Detroit Southern
Preferred
1st 4s 19.31
100
loo
J-D
KG Ft SCitMempf
J106V
1071-2
75
i)
..100
Preferred
B
100
soda Foun com.. LOO
t
100
loo
2d prelerred
American surety
Bonds 6s
j
loo
•
Car
Preferred
1
19
115
list
Bond
27
82
Y St k Exch
..".
Dock Co
NY
Preferred
28 hi
85
list
140
33
160
40
loo
80
114
10
12
ion
43
46
93
F-A
91
61-2
El VTr ($20pd)100
7
Realty Corp
150
100 135
Nicholson File Co
100 128
l8t4s 1951
NY
NY
37»i
Simmons Hardw com
ill list
5s
st am lard" "6ii
Stand
25
1621-2
100
11
32
04
25
44=8
271a
92 3a
170
list
5>8
92
345
102
list.
J
!
1
139
147
40
245
41
201-2
70
220
100
Excli
'
lis!
StilU\
66 hi
84
!
.
S3
5
llj.iit
105
loo
1V1 1....J-J {101
l'.'io
Tennessee lopper..
Texas .t Pacific Coal. 100
1
1st
Title
117
sm VptlOO
Swiitit Co
18»,
!l-0
I
1
i
list.
12
75
1
i
106
Preferred
•
Hon
.est
Preferred
s Cotton
15
L90
6 1*
01.,
40
Pipe. ..100
100
69V
-
66
119
115
6 34
8l»a
100
urn. ..loo
so
LOO
-
'JO
60
90
36
lisl
145
34 '4
Preferred
1
LTlOO
11
70
7o
l'n
fi
loo
rred
60
61
61
KxcU
118*'
Unix
60
Mort Guar... 100
Brlt'h Columbia Cop]
Celluloid Co
100
Cent Fireworks con
123
118
26
I
Os
8<a
35
50
70
.
1
8
110
7o
i'.
24 \
Exch
102
13
100
'.
11
32
125
7o
110
..100
Trenton Pottery com 100
8
6
21>9
706
list
1st 5s
142
140
1
57
163V
"id c7O0
Standard 'ouplei oomlOO
loo
Preferred
list
146
68
6>a Trow Director] new.. 100
K
Union Col. pel
32
anion sueiit Chain. 100
100
Ex oh list
su .ah.,
80
5o
7S1-.
"86"'
35
iewi com. .100
H6
1st preferred
98
8
2d preferred
6
iuo
100
100
100
N
"of"
I'n
Sloss-Shi
\
.1
1
...100
15
oke. 100
M s
Air Brake. .60
7
oal Iron
it
Preferred
11^
100
20
N Y Loan & Imp
100
N Y Biscuit Gs 1911. Ms
'ompany 00m
Preferred
10
821-2
Inn
Preferred
National Salt See N
National Surety
New Central Coal
t
37
Writing Paper. 100
Preferred
6a 1919
Anthracite Coal
Sm
il
loo
Preferred
list
It
F-A
pefo'rs stock.. 100
woolen Si Sto« k
Barney &
L35
80
108
17.-.
Amer Strawboard
'i
1
125
1
101
101 M
Prelerred
100
77
2d preferred
78
110
Singer Mfg Co
100
108 110
Snap Hook it Eye
3434 35
Standard Milling Co. Inn
63
100
00
Preferred
60
Amer Locomotive
Amer Press Aasoo'n. 100
American screw
100
Amer Shipbuilding... loo
in
130
i
Nor'n Securities (wi) 100
PlttS Bess it L E
50
Preferred
LOO
2
1
100
10
Ontario Silver
30 'a
Otis Elevator com.. ..loo
48
Preferred
92
100
OS
50
Pittsburg Brewing
24 7a
441-2
5o
Preferred
27
100
Pittsburg Coal
9*3 1012
92
Preferred
100
8103 106
100
Pitts Plate Glass
92
Planters' Compress See B oston
221-2
Plymouth Copper Co.. 10 t 5
tk Ex list
Pratt & Whitu pref. .100
88
14 u 151-2 Procter & Gamble
100
39
200
40
Prelerred
100
S3
85
Royal Bak Powd pref. Ion 101 hi
77!.2 773.1 Rubber Goods Mfg See>\ ickKx
4 *6
SG k Russell it Hrwin
25
1376 14
Safety Car Heatdc Lt loo 135
Preferred (yr i)
100
Prior lien 4 ^s 1926(w i)
1st con 4s 1951 (wi)...
Nor Pac new 4s (wi)
A
lisl
96
:i
...
1st preferred
85
108
110
1
1 58
105^ 107
I
1-..
LmplOO 110
<
Am
Am
84i«
l.and.t
230 j:;5
loo
Lawyers' surety
Exch Lawyers' Title Ins. ..100 352 360
Loriuard (PVpref
LOO 115
92
10
Madison Su Garden.. loo
36^ 39
M-N 55
65
2d 6s 1919
70
Mex Nat Construe. pf 100
7
73
7h
119
Monongahela R Coal.. 50 t 1278 13
9
Preferred
46
12
50
46»a
16
100
18
100
Moaler Sale Co
69
loo
21
20
69 Ha National CarboL
Industrial and Miscel
Exch list
Aberdeen Copper
20
25
Acker Mer it Condi t... 6s 100
4113 115
Amalg Copper See Stock Exch
108 112
Agnc Chem See B uston
108 110
Amer Bank Note Co. ..60 t 54
130 136
Bicycle See N YStk Exch
160 155
American Can com.. .100
18 Hi
4116 117
6434
Prelerred
100
American Chicle Co. .100
80
Preferred
81
100
Amer Graphu phone... 10 t 4
92
Prelerred
21
7J-J
10
90V 91ia Amer Hide«t Leather 100
6
Ball list
Preferred
ion
31
Gs See Sleek l.xeli lisl
1
Consul Gas (N J) stk. loo
12
14
1st 5s 1030
J-J
78
60
Consuin Gas (J City)—
1st 6s 1004
M-N 4103 104
Detroit City Gaa
50
7:;
Detroit Gas See N V Slk Exch list
v & Hudson Gas loo
30
35
Fort Wayne (lud)—
1st Os LU25
J-J
48
51
Grand Rapids Gaa—
1st 5s 1015
F-A 8104V 1 05
Hartford (Ct) Gas L...25
60
48
Hudson Co Gas
100
30
6a g 1949
102
101
Indiana Nat it 111 Gas—
1st 6s 1908
M-N
60
Price per share.
Railroad
Chic Peo & St L pref 1 00
Prior lien g4!-2s'30iM its
Con mtg g 5s 1930.Jit.I
46
5
2d
Hoboken
I
10734 108
loo
•j
80
1
Seaboard Air Line See
loo
13V»
*5
i
New York it N ew J ersey
Am
lommerolal.lOO
<
100
Preferred
II tr-Jones Jew'l .\i iii.pid
1st 8a 1022
M s
in rrlng Hall-MarvlnlOO
ion
1st p
.
108 110
N Y & E R Ferry stk.100 66 70
M-N 4 94
1st 5s 1922
96
N V it Hoboken stk.100 80 81
Hob Fy 1st 5s 1946 M-N 4112^ 114
Con 5s 1946
J-D 4 90
91
100V Mex National (w
101
1
19.ll.J-J
Refgg4sl936
57
Nat Enam'g it Stamp 100
1st 5s 1946
J-J
<t 23d Sts Ferry 100
7
»
i
I
Brooklyn Ferry stocklOO
NY&BlstOs
40
3
5s 1910
M-N
on
International l-.o-'. .0
nteinat l'nw < 'o pi el inn
97',
Enternational Salt
100 103
Inteitiafl Silver Be<
6
6s 19 18
r
6
D
Iron Steamboat
25
John D Stetson com., loo
165 170
Preferred
161
Lanston Monotype
20
Stock Exch Lawyers .Mort lnsur.Kin
114
83
Ferry Companies
<s.
J
126
171
4s 1929
Unit ElecLt'<fcPo Co..5U See Ba
10th
ClnoinuatiGas&EleolOO
com loo
Cul GasL& Heat
Preferred
1st 5s 1932
22
ICO
111
78
J
1
Con 58 1948 See Stuck
.Metropolitan Ferry 6s
4
2
loo
[erred
100
1am .mik Co com. 100
loo
d
84
23V 26
1st mort 5s 1919.. .J-D 4105
80
81V Union Ferry stock... 100 47
4126 130
1st 5s 1920
M-N 4 97
5s 1938
A-O 4 93
96
Boston United Gaa bonds Bosto u lis!
Buffalo City Gas slocklOO
6
7
1st 6s bonds
70 V 72
igoGaa SeeN 1 stk Exch list
1
Steel
I'm n rred
75'-. iii in ral Carrl
1%,
Electro- Pneum'ic Trail 10 1
(4enoral Electric Co N V Stock
artford (Ct) Elec Lt 100 107
18
80
79
NEW YORK
list
105
105
68 1936
Ask
!
Empire
15
IS1
U nited Electric of N J 100
Bid
d
'
ln'.l
116
78
100
Telephone 100
J
11
-
General Chemical
100
Preferred
Rho Isl Elec Protec ColOO
Storey General Elec ..10
(ins .Securities
list
106
72
N V it Q El L&PowColOO
Grand Rapids Ry
115
110
1
isl
'v.-
Pacific
Market See 7th Page Preceding.
Ask
13
1
eleg ct Telep See B oa ton
58 1020
Outside Securities
Street Knilwnys
NEW YORK CITV
Bleeck St & Ful F stk 100
1st moit 4s 1950. ...J-J
B'way & 7th Ave stk. 100
lstmort 5s 1004. ..J-D
J-J
2d mort 5s 1914
Con 5s 1943 .See Stock
B'way burl 1st 5s gu 1924
2d 6s int as rental 1905
Cent'l Crosstowu stk. loo
M-N
IstM 6s 1922
Cen Pk N ds E Kiv stk 100
1902
J-D
Consol 78
Clinst'r<fe 10th st stk 100
Colds 9th Ave 5s See Stock
Dry D E 13 & Bat stk 100
1st gold os 1932. ..J-D
Scrip 5s 1914
F-A
Eighth Avenue stock 100
F-A
Scrip 6s 1914
42d& Or St Ferry stk 100
it St N Ave 100
42d St
lstmort 6s 1910. ..M-S
2d income 6s 1915.. J -J
Prefi
1
Franklin
Gold cm siock
rred
1.
Empire Slate Sugar., loo
i
1
o) Outside
40
i
N arragan (Prov) El Co 50
For Weekly Review
38
Northv. astern Teleg-.-SO
sales
3,544
1,679
16,840
78,478
42,283
29,227
37,616
70,178
862,440
69.490)
153,621)
list
alephoJ Buffalo 100
lentral A so Amer.
Chea it Puto Teleph.,100
I-J
5s 1909-29
00
il
aide
mer in Tel (N
v StateTel LOO
Bond
Unlisted
shares
Listed
shares
sales
Exch
1
N
Bond
Unlisted
shares
Listed
see st'k
Pi.
Hudson RlverTeleph 100 113 118
Mexican Telephone Bet Bosto
New Eng Telephone See Bosto n list
Boston
Weekending
102
Si Telephone
Dial Teleg(N s )100
j
Total bon
17
loo
Tricar
104.254,870
6,720,096
241
4.933,694
Stocks— No. shares
$28,426,728,926 $10078191
£477.283,350 $049,K
Par value
iiamond
I
I
i-J
Gas—6a
astern
\\
1901
1900
1901
i.M-s
5a 1946
.stock
Etch
I7.JJ
r.s'i
stook.. 100
Syrai
15
1 to A'ov
50
J-l
.i\
1
Sal'
lllloo
.v.
8a 1926
81,2
w mngh
1
it 1
48
20
47
71-j
51
172
\\ hue Knob Mining. 100
21"s
Worthing Pump prel. 100 116 121
100
1
70
THE CHRONICLE.
1054
Boston, Philadelphia and Baltimore Stock Exchanges
Share Prices— Not Psr Csntuna Price*.
Monday,
iaturday,
Nov. 9.
Nov. 11.
Nov. 13.
MB**....
169* 168
•138
78
....
75
198* 198*
162
•188
73
66% 67*
148
80* 85
•907
....
94
88
94
•83
•100
•807
168
'844
192*
180
180*
182 ....
143
....
8-« 34*
88* 36 * 36*
9S«
98* 94
*3l* 83* •81*
34%
36* 86*
Dailv and Yearly Record.
Baits
ACTIVE 8TOCK8.
of the
1 lndloat«s unlisted.
Week.
Range of Sales in 1901.
Shares
Htoelia.
•860
860 Boiton A Albany
157
(Bolton). ...100
166
186 Boiton Elevated, full paid..
"
....100
807
•844
Boiton 4 Lowell
"
....100
8
198* 199* Boiton 4 Maine.
"
164
....100
169 1E0H Oblo. Jnno. 4 Un. Btook Ydi.
"
789
....100
132* 18>>* Preferred
"
85
....100
73
80 Choo. Okla. A G. trust oerts. (Phlla. K... 50 17,430
6S* 67
Preferred Tr. oertfs
"
.... 50
0,140
148 144 Fltohburg, pref
217
(Boiton).... 100
34% 84% Lehigh Valley
4,094
(Phila.) .... 50
36
8«% Massachusetts Kleot. Cos. 1.( Boiton).... 100
1,648
94
04* Preferred 1
"
641
....100
•31* 83* Mexican Central
"
250
....100
,
101* 104 Northern Centra)
(Bait.) .... 50
918
808
Old Colony
96
(Boiton).... 100
78 Pennsylvania
78
3,084
(Phlla.).... 50
d
Reading Company
••
.... 50 115 158
30* 30% lit preferred
"
4,4l«
.... 50
87 13-18 b*
2d preferred
"
88.105
.... 50
86% 87% Seaboard Air Lint
9,746
(Bait.) .,..100
50% 51* Preferred
"
3,880
....100
105
106* Union Paolflo
32,897
( Boiton ) .... 1 00
98
99* Preferred
"
1,317
....100
30% 80* Dnion Traotton, $17* paid. (Phlla.).... 50 85,838
It* 16 United By 4 Bleo. Oo
2,598
(Bait.) .... 50
94* 05 Weit Hnd Street....,
3 53
(Boiton).... 50
880
166
808
66
368
193
169
183
78* 7*
198
157
li88
78* 78*
55* 56*
74
63* 66
144
•
•357
166
•244
844
944
....
Nov. 14.
—A
Lowtit.
•100*
101*
•807
•807
55* 55*
148
143
144
34*
84*
36*
04*
82*
34*
88*
94* 94*
aa* •81*
101%
36*
810
'907
78* 7°% 78
73* 72* 78*
78% 78%
32 I-16 0-1O
b
21% 15-lH 88* 3314 22* 82*
SUM 39* s» 7-lp 39 89 8-16
8e% 8<% 80
87% 27 71o *7% 88* 88 28 5-18 87 15-18 8* 37 7-16 28*
8<% 87* 27% 37* 27% 2754 27* 87% 37* 271)
61% Bl% BIX 61% 61% 6)54 61% 51% 60* 61*
107* 108* 108% 108* 106* 107* 101*107%
107* 108
94
«8% 93% 94* 93% 03% 02
90% 90* 90
86* 88* 88* 88* 88* 29% 89% 2V^% 89* 89%
16
16
15% 16%
15% 15*
u« :e% •16* 16% 94
•94
94
95
94* 95
94
94% 94* 94*
[tllscellaneoDi Stocks.
8"*
89
83
85% 88* Amalgamated Copper!
87
88*
87*
88*
85* 87
(Boiton). ...100
86*
•21 1, 22* Amer. Agrlcul. Chemloal !..
23
23
33
"
82* 82* 23* 28»a 88
•aa% as
..,,100
8J
•81
Preferred!
•81* 88* 83
81
"
88
81
81* 81
....100
81* 88
"*
*%
\
(Phlla.).... 50
•%
% American Alkali
%
%
%
%
%
%
%
Preferred, $10 paid
"
.... 50
120* 193% 130% 13254 180* 121
118* 119% 110 180* American Sugar Refining 1. (Boiton).... 100
U854 130
961
288
190
87*
45
139
28*
34
77*
13*
88*
305
60
ne%
167
eso
158
6S0
157
64B
ae% 36%
16* 16%
63
68
88>g
23%
s«
88
68
47
93
x71* 71*
4* 4%
8
s*
6%
98
98
•182* 138
86
86
6*
6%
*m
•86*
118* 118*
48*
87*
4894
87*4
18
•ia
•
78
,
•
*
116* lie* 117
ne* 117 lie
168
157* 167iu 157 157* 157
1H
>
640
648
86%
16* 18%
63* 88*
sa*
28
87* 67*
«7* 47*
18*
63* 83*
28
83*
68* «9
18
4894
71* 71*
4% t*
894
4* 6
••••••
2%
*'8'
4*
5
85*
B*
0%
5*
70*
705«
5V4
36
17
23
33
68
47
'
oi4Malnepf.(Boit)100 169
4 Prov. <
"
"
100
100
100
300
180
370
8
4*
6* 6*
28* 86*
"
100
indi Street
"
60
Little Sohuylk.
Mains Central. (Boit) 100
Mlnehill4SH.(Phll) 50
60
Ksiquehon'g V. "
50
JtorthPenn.... "
Pars Marqu'ts.(Boit)100
"
100
Pref.
Phil Germ A N.(Phll) 50
"
60
Phlla. Traction
Byi Co General! "
...
Rutland pref ..(Boimoo
United N J..,.. (Phil) 100
OnPow4Trani "
86
WeitBnd pref. (Boit) 60
Weit JorA SS.(Phil) 50
50
WeitNY4Pa. "
Wli Cent, new. (Boit) 10C
"
100
Pref
WorNaih4B. " 100
97
76
45
24%
28
118
46
36
117
73
78
77
117%
49
72
77
•
NewHavI4
S.(Phll)
t
»••••<
64%
108
88
86
89
88
180* 181*
5
E%
107* 108
860
••
114%
114
64*
81*
91
41
180
48
140
4*
6%
Amer.Cement.(Phll) 10
l8
10
50
mPneumSerr(Boit) 5C
"
50
Pref
"
Arcadian
35
"
Arnold Mining.
35
"
Atlantlo Mln'g.
85
"
Baltic Mining..
85
(Phil) 50
Ssth Btsel
Boiton BleoLt. (Boit) 100
lambrla Iron.. (Phil) 50
•••*
Amer.
•••'
Camb SDrexel
••••I ••••••
3*
•
•••I
6
»••••.
80
6%
7
J*
1
84*
48%
88
44
• •
»•
1
47*
Tidewater St... (Phil)
Torrington"A"(Boit)
"
Pref
UnCopL4M'g "
10
'
25
97
26
25
85
UnElL4Powpf (Bait) 50
United Fruit (Boit) .100
25
U 8 Mining
4-85
Utah Mining.
WarwlokI4 8.(Phtl) 10
Weitm rel Coal "
50
Winona Mlnlng(Boiti 35
Wolverine Mln. "
85
t
• • -
98
8*
83
89
15
83
85
00
11*
23*
6*
9
2»«
57
Am BeilTel 4i..l908
A T48 F gen g 4i
'05
J4J
A40
{
99%
{102
Adjustment g 4I..1995 a 93
Boiton Term'l 3*i. .1047 {114
.
BoiUnGailit5l.'39J4J { 78%
1039 J4J { 45
2dM5i
Bur4 Mo BIT ex'pt 61. J4J {119
Non-exempt 61. '18 J4J {107
58
1001s
103
94
116
80
48
8inkfund4i..l01O.T4J {100
Cent Vt 1st 4s 1930. .Q-F 1 82
Ch Bur 4 Q 41.1922 F<sA {101
100
96
"97"
8
IOwaDlT 41.1019 A40 {108
Chicago Juno 5i.1015.lAJ {110
Ch4NoMgu5i.'31M4N
{100
8*
Chi 4 W M gen 5i.'21 J4D {109
1% 8
Curr't Rtv lit 5i.'27 A40 {104
Oumb Tel 4 Tel " 100 •••••• 138
Dsly-West Mln "
20
80* 31% D G R 4 W lit 4i.'46 A40 {100
DanvBessemer(Phii) 1*
Domln Coal lit6i.'13M48 2110
"
DeLong H & E
10
••••• ^ait'n nt M 6i g.'06 M48 {111
Diam State St.. " 10
Fr Elk4M V lit 8| '33 end {137
8% ••
rat
6
Unit'p'd lit 6i.'33 A40 {135
Domln Coal pt (Bost)lOO 117 118
Illln Steel oonv 5i.'10 J4J {100
Dom Iron & S-TJ "
Debenture 5i.l913 A40 {100*
87
87%
Eaa ton Con EL (Phil) 60
KCC4 81it5ig.'25 A40 {104
Edison El Ill..(Boet)100 340 945
K C Ft 84G lit 7i.'08 J4D {114
EleoCootAmfl (Phil) 60
K C F S4Moon 8|.'28M4N {183
6*
Franklin Mln'g. (Boat) 25
16>9 17
K C M 4 B lit 4i..'34 M4S
General Elect..
" 100 957
Inoome 5i...
956
" 100
Pref.
K C4 M Ry4B 5i.'20 A40 {107
" 100
Ind-EgypCom
KC8tJo4CB7i.'07J4J
{116
4
Int But H & 8 M "
10
1
1% L Rock&F 8 lit 7i.'05 J Av {106
Int 8P«feDynam(Phll) 60
Mar H 4 Ont 61.. .'25 A40 1118
Oancon Co
48%
16*
-
88
ib'4'
111
26
Maaufao Rub. .(Phil) 60
.
Pref....
"
50
84
84%
Mex Cent
4s g. .1911
J4J
lit oon lno 3i g non-cum
3d oon lno Si non-cum..
1
i
80
88
18
<
M4N
1918 M4N {
89
31
91
2
June 11
9
Jons 18
213* Apr. 99
Oct. 28
Oot.
8
Jan.
I
HJnly 86
* Apr.
m%Oot.
7
Jan. 13
Mar.
4
•
July 19
May 39
Mar. S
June 11
7 860
31%
34* May 9
65* July 10
27
38
30
8
3->* Apr. 19
11
76
Aug.
16
50
99
Oot, IS
Jan. a
79%
7%
8*
Apr. 19
98
21
34
4
4
Nov. 15
16
00
Feb. 14
90
148
137* Jan.
4
34* Nov.
14
5,897
4%July
4.691 24* Oct.
8,835 113 Sept.
8,80? 30* Feb.
8,117 23* Jan.
1,369 10* July
40 Jan.
310 54 Jan.
20 66 Jan.
13
6.44C
%
153* June
3 180
4 183
4* Oct.
8* Not.
81
3%
36
80b 113* Oct.
714 151 Jan.
81 980
Oct.
5,351
15* Mar.
8,S58 15* Oct.
005 58 Jan.
3,356 32* Not.
1,451 40
Feb.
BOS 32 May
865 20 Oct.
71 62* Jan.
1,740
8,748
6,995
120* June 18
34% June 18
01 Jane 18
3r
13
4
38*
8%
3
Jan.
8
Feb. 18
Feb. 18
Jan. 9
Apr. 19
Mar. 5
Feb. 13
41
June 90
128* Jan. 9
48* NOT. 14
4
8
18
1C
4
30
17
55
75
Sept.
80*
Sept. 17
9
Mar. 90
Apr. 18
Aug. 91
a 88 7-16 23 8-16
BONDS
Bid.
Bk.
i'07" ioo"
Fnndg 5S.1016 M4N 181 181*
Exchange 3*i.l03OJ4J 109% 110
Balt4Plit6iml 1011A4O 9 ••9)4)1
••(
Bait
1 I
1st 6s tunnel 1011..J4J
4 Imp 6I.10O1M&S
No BaltDlv 5i. 1 042 J4D ISO
Vy E ext 7il910 A Ao
Aiphalt Co 5i tr otfil049
192
Atl City lit 5s g..'19 MAN
Ball! Ter lit 5i.l926 J4D
118
*•••••
ConT'rtlble5il0O6M4N 100
Central Ry 6i.. .1912 J4J 115
119
ConsolBi.... 1932 MAN 118
Ext 4 Imp 5i.J 982M48 117 117%
Chai City Rylst 5i '23JAJ 106%
"11
ChaiRyG4B15i'99M4S 89* 98
CharlC4A ext5i.1909.T4J 114
A40 107
2d 7i 1910
117
Clty48ub lst5s.l022JAD 118
94
95
Clty4Sub(Wash)lit5s'48
194
ColAGrnvlit5-8.1017J4J 123
Comol Gal 61. .1910 J4D 118% 114*
1030 J4D 114
5i
Ga &Alalitpf5il045A4O
GaCar4Nlit5i g. 1 029J4J 111
111*
GeorgiaPlit5-8i 1922J4J 138% 186%
GaSo4Flalit5i.l945J4J 114 116
•
» t
46* 46%
111* 118
93
Berg4BBrewlit6i'2U4J
Cambria Iron 61.1017 J4J
ChesAD Canlst5s.'l 6 JA
Choc4Memlst5il949JAJ
68
1 •
•
11154 112
ioe
Colum8tRylitoon5i.'32
Con Trao of N J lit 5i..'33
BaltCPailit5i.l011M4N
Bal Trao lst5s.l929M4N 116
11B*
191*
5i'19JAJ
Clt'i'8tRy(Ind)oon5i.'33
99
117
192
115
WestVaC4Plit6g.'llJ4J
Wil 4 Weld 5I..1935 J4J
ChooOk4G gen
. .
Del4BBklst7s.'05F4A
Bast4A 1st M 5s.'20 MAN
Bdlion Elec 5i itk tr otf 1.
Blec4 Peop'i Tr itk tr otf b
Blm4Wllm
lst6s.'10
J4J
97* 97%
117
107
Inoome 5s.... 2862 A40
Bq 111 Gas-L lit g 51.1926
HestonT M 4 F oon 5i.'24
H4 B Top oon 5i.'25 A tO
88*
Indianapolis Ry 4I..1933
Lehigh NaT 4*i. .'14 Q-J 111*
RR4ig
1914 Q-F
Gen M4*eg.. 1024 Q-F
Leh VC'llst5sg.'33J4J 110
Leh Yal ext 4i. 1048 J4D 190
87
.
2d
7s.
Comol
61
Annuity 61
1910 M4S
1923 J4D
•
198'
•••
198
JAD
MaconANlit4*i'0OM4S
Nat Aipnalt 61. 1954. JAJ
30* 31
New'k Con Gai 5i '48 J *1> 106 107%
Newark Pass oon 5s.l03O
NYPhll4Norlit4s *39 J4J ioo"
••••
84
Inoome 4s... 1030 M4N
No Perm lit 4i..'36 MAN
1903JAo i06%
GenM7i
Penn gen 6i r..,101O Var 130
Comol 610.. .,1905 Var
Comol 5i r. .. .1010 Var
Penn 4 Md Steel oon 6s. 112*
lie*
Pa 4 N Y Can 7i..'06 J4D
51
Maryland Brewing 61 ....
Met8t(Waih)lit5i'25FA 116
5i...Yar
New Orl Gai lit
NewpN40Plit5i'88MAN 106
Penn Steel lit5i.'17M4N
People'! Tr tr certi 4i.'43
••••••
Phlla Eleo gold trust otfi
ioo
67
KnoxvTrao lit5s '28 A40
Lake R El litgu5i'42M4S
98* 100
119
111
114
107
118
114
••SB
I
1014M48
8ecAvTn(Pltti)5i'34J4D
Sav Fla4 Weit 5i '34A40
Seaboard A L 4s 1950.
Seab 4 Roan 51.1926 J4J
So.Bound Ht5s'41.A40
•
• • •
102
St 5s. .'02
181*
191*
114*
194
••esse
I
5i 1026....J4J
Seriei
Series B 5i 1026....J4J
Pitt Un Trao 51.1997 J4J
PotomYal lit 5i. 194 1 JAJ
100
90
1
1
July
89% May
Alle
1104% 10i*
iii"
106
20
80
64
39% May
45
08
19 100
Bonds— Philadelphia
111
H07*
Bonds— Baltimore.
98
Anacostla 4 Pot
5s
Atl 4 Ch 1st 7S.1907 J4J 115*
AtlG-Lightlst5sl917J4D
Atl Coast L otf s 5i J4D
Bait Beit 1 it 5i. 1 990M4N
Ext
4
39
17
30
108*
Fund 6ebt2-3j.1991.J4J 08
53* 64
Weit N C con 81. 1914 J4J 130
Norfolk St lit 5i '44.J4J
• •
lily BoyaleU.. (Boat)
Seat Elec 1st 5sl08OF&A
Torrington 1st 5s 1018
2
Baltimore— Conoln'd.
Ya (State) Sinew.'32J4J
1.....
106
101
I-
a .
J4J
84
June 19
185
Apr. 8
93 80 Nov. IB
80 59* May 16
19 148
Apr. 98
21 168
1108
Rutland lit8i..'02 M4N {102*
Rut-Can 1st 4s 1040. J4J 1101
West End
4*s
Deb 4s
Blonde— Boston.
Am Gold Dredg(Boit)
87
48
5
lit 5i.. 1937
Tele 5i.'16
1st raort 61.. ..1906
4
97* 98%
37^ 87%
Tamarack Mln.(Boit) 25 370* 280
96
• • •
8!..(Phll)
NEGai4C
S3*
681
Bid. Ask.
A40 U03
2* New Eng
61
1907 A40 {104
6*
NY4NBnglst7l.*05J4J {110*
Old Col Mining. (Boit) 25
Oioeola Mining. "
25
Palmetto Co.... (Phil) 25
ParrottS114Cop(Boit) 10
Penn EleoVeh.( Phil) 50
"
Pref
60
Penniyl Salt... "
50
"
Pennsyl Steell
....
"
Pref!
100
Phlla Co
"
50
8usqueI4
BONDS
Boston—Concluded
NewBngcongen5i'45J4J
N B Cot Yarn 5i 1029F4A
16
PlantenCompT(Boit)l00
Qulnoy Mining. "
25 155
160
Rhode Isl Mln.. "
25
8* 3%
Santa Yiabel G "
5
%
40* 49*
"
Seattle E'.eotrio
100
"
103
Pref...... ....
100 102
170
tlloues Mtning(Boit) 35
reot " ....
(Bait) 100
Central Oil
(Boit) 85
ConMeronrgold "
5
. .
.
*
(Phlla.) ....100
Westlngh. Blectrlo 4 Mfg. (Boiton) .... 50
"
Preferred
.... 50
b 88 7-18 83 11-16
88 13-18 80 1-18
Ask.
Bid.
.
WelsbaohCo.
a 73 11-16 73 18-16
. .
80
a*
87
47
70
'dBrew asitpd(Balt)iCO
"
Pref., ant.pd
100
£sraenthaiar (Boit) 1C0
"
<*z Telephone
10
NewBngGi4C 1 " ....
101
4»s
91
184
36
48* 47* 48
39* 30*
29* 80
13*
18
18* 18
89*
18*
Preferred!
"
....100
Amer. Telephone 4 Tel.Co..
"
....100
Calumet 4 Hecla
"
.... 35
Camb.8teel,918*paidrects.(Phlla.i .... 50
Centennial Mining
(Boston).... 96
Consolidated Gas
(Bait.) ....100
Consol. Lake 8npertor
(Phlla.) ....100
"
Preferred
...,100
Dominion Coal
(Boiton) .... 100
,
Brte Te'.ephone
"
....100
Lehigte Coal 4 Navigation.
(Phlla.) .... 50
MarKlen Co!
"
,,
..,,100
National Asphalt! .,..,
"
,,,, 50
Preferred!
"
.... 60
New Eng. Cotton Yarn, pref.(Boiton).,,,100
New England Telephone
"
....100
Old Dominion Copper 1...,,,
"
...
35
Philadelphia Elec! 5pald.. (Phlla.)
Trinity Mining
(Boiton).... 26
United Gas Improvement!.. (Phlla.).... 50
United Shoe Machinery... ..(Boiton)..., 99
Preferred
.... 25
United States Oil
"
....85
.
4%
2*
6*
8*
36
118
MISCBLL.— Conoluded.
I t
MISCELLANEOUS,
(Phil)
118>9
71
184
8TOCKS-BOND8
SI* 60
47
2*
8*
4
4*
90
90*
15.
83*
OoniolTr Pitts! (Phil) 60
"
50
Prsf!
0a South 4 Fla.(Balt)100
"
100
lit pref
"
100
3d pref
e'rmant'n Pan(Phil) 50
60
Heitonv M 4 T "
"
Pref
60
88*
•»%
4*
8*
4*
4*
Ask
178
803
170
880
23
71
4%
8*
*%
78
77
do lale wae made.
Bid.
28%
17%
31* 21*
23
91
651
61% 63
38
70* 70*
78
'
BAlLBO ADS.— Price* Nov.
44
Amer. Railway • (Phil) 50
All 4 Charlotte(Balt) 100 157*
4 8..
48* 48*
21
21*
26* 37* 25* 87%
118% 118H 118 118* 117*
46
44
45
43
44*
88* 28*
27% 37* 38
12* 13
18
13
13*
uocn 4 Paaium
Conn RiTer....
•645
85* 85*
16* 18*
63* 6>*
68* 68*
47* 47*
ee
69
845
645
25% 26
17
17%
117
167* 157* 157%
133
INACTIVE STOCKS
I.
650
116
•90* 08
93
98
90 "a
'IS** 133* •132* 183* 133* IBS',
86* 84* 25* 84* 24*
88* 86
•90* 93
183
78
78 •
Bid and Mkedprloet
Boiton
4654
81* 23*
71* 71*
33
89
645
660
38*
* 117
1
16
17
99
May
81
Apr. 9*
12* Jan. 4 34 l-16June4
32 8-16Jan.25 40 Hi June 17
10 Jan.
4 80 7-16May 1
9* Jan. 81 80* June 91
34% Jan. 81 54* Sept. 90
78* Jan. 4 188* May *
83 Jan.
4
90 May 1
24* Jane 10 37 Jan. 8
15 Oct. 10 18* Mar. 10
92% Jan. 8 99 Apr. 98
780
600
8
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
128
li", 01*6
Apr.
July
Apr.
Apr.
248
May 15 300
July
143*
23,883
,
8 265
15 100
Jan.
169* Jan.
,
lie*
Highest
Railroad
857* 80S
207*308
166* 166* 168 167
•844
Friday,
Nov. 15.
Wednesday Thursday,
Tuesday,
Nov. 12.
[Vol. LXXIII.
NorthCent 4*|.1925A40
J4J
6i 1004
A
. .
Com
5s
Cons 4s
1030
1930
A40
A40
Truit oertfs 4s
109
* •
••
PhAEr gen M 5g.'20 AAO
Gen M4ig.. 1020 AAO
Ph 4 Read 2d 6i.'3S A40
Comoi M 7i..l0il JAD
85% 86%
109*
!••••
8<!%
DnEl L,4Plit4*i'29MAN
Un Ry 4 El lit 4i'40.M48 94%
J4D
79
Inoome 4i 1949....
Vlrg Mid lit 61.1906 M48 106
2d lories 6S..1911M4S 114
84*
95*
78%
I
1*09*
I t •
•
ft
•••!
•••••t
13C*
lOe*
130
180
Con M6ig...l011 J4D 181
Bxtl mp M4i g. '47 A40
••
Con M of '82 4i.'37 J*J
• *
114
3d leries 61.. 1916 M4S 190
4th ler 3-4-5S.1931M4S 118
5th seriei 5i.l926 M4S 116
•
•
••••••
Terminal 5i g.1941 Q-i
P Wil 4 Bait 41.1017 A40
OoUat trust 4s. 1 02 1 J 4J
Read Co gen 4i, 1007 J41
Rochester
SohRBSldelstSs g'35J4D
Scran Trao 1st 6i 7 32MAN
UnTracPittsgen5i'07J41
Weiibaoh 1 f 5i 1 930 .J AD
lAnd
80*
99%
Ry oon 5i.l03O
ii'i"
iiB*
••«
74
intereit.
•Price lnolndei orerdue
• 9
eoupo
November
THE CHRONICLE.
16, 1901.]
1055
Imuestmtut and Railroad Intelligent*.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly n-turns
can be obtained. The first two columns of figures give the gross earnings for the latesl week or month, and the last iwo
columns the earnings for the period from July 1 to and including suoh latest week or month.
The return* of the
Notice
street railways are brought together separately on a subsequent page.
Cbange— Our yearly totals now all date from
Latest
ROADS
Week
Or Month
tf runs
Jut
minus
July
J'revious
Cur rent
iYae ioUJ
i'nir
Year
Year
Year
18,579
51,675
71,062
18,308
100,922
I
70,894
177,544
86,782
i
l
.
i
1
StLCh
Chic RI A
Pac... September 2,703,337 2,460,515 8,490,868
Chio St
AO. September 1,033,581 1,080.907 3,050,139
Chic Term Tr RK IstwkNov
29,811
27,045
571,651
Choc Okl A Gulf. 1th wk Oot »188,438 "110,276 *2,043,187
PM
ClnNO ATPac.
wk Oct
CIClnChA 8tL. 1st wk Nov
Peoria AEast'n 1st wk Nov
Clev Lor & Wheel October...
Colorado & South September
Col Newb & Lau. September
Col Sand A Hock 4th wk Oot
Cornwall A Leb.. September
97,047
353,631
45,512
259,147
446, 1ST
14,817
40,516
29,646
Cumberl d Val.ey September
Denver A Rio Gr 1st wk Nov
Detroit Southern. IstwkNov
De.t A Mackinac. September
11-2.856
2d
DulSoSh AAtl.. IstwkNov
232,200
25,484
65,300
1 t.882
94,490 1,576,370
370,008 7,123,251
930,690
47,301
927,562
186,106
391,163 1,382,173
13,903
39,386
450,12 s
31,580
17.836
102,526
307,16s
108,148
225,2()ii 4,556,125
21,110
455,511
202,300
69,85
42,626 1,016,628
11,935
53,320
EStL ACarond.
October.
Erie
September 3,561. (ill 3,118,901 10,914.991
..
Evansv & Indian IstwkNov
Evuusv A Tfl... 1st wk Nov
EiudFt W A W.. September
Ft
A Den v City September
W
Georgia RR
Ga South A Fla..
Gila Val G A N..
Gr Trunk System
Gr Tt A West'n
DetGr H Ail..
Great North'n—
St
September
ith wk Oct
September
IstwkNov
3d wk Oct
3d wk Oct
13,578
5,916
23, 2(12
9,630
164,824
148,250
36,519
28,501
552,912
96,106
18,946
6,434
949.651
62 1.007
125,174
553,827
33,638
515,26s
415,766
419,333
24,097
9,610
163,074
171, 39o
35,919
24,416
80,64
539,711 10,933,905
81,618 1,339,601
22,737
352,323
1
26!
26O.330
599.101
16,038
12,3 10,
i
16
231, 160
105. (139
7(12. 172
1,682,202
Nev-Cal-Ore
Month
lstwk Nov
wk Nov
/•/.
wk Nov
2.
3,139
October...
564,600
October.
October.
713.253
1st
Wk Nov
133.01;
3d wk Oct
1 out <v West. Beptembei
N Y Susq A West Septei
Norfolk .V. West'n 1st wk No\
Northern
Beptembei
N
1
I
1st
wkNo\
1
Year
666,000
20.000
686,000
1st
Jul]
1
Yinr
Nevada Central.. July
N YC.v. Hud Ki\ Ootober...
(
1
•
AN
.
AN
I
&
Iron Hi
antral Branch
Total
rack A K
.Mobile A OhlO..(
Mont A .Mc\ (Jul!
Nash Ch A St i.u.
I
C11
I,
/uii iiuki*
I
580,000
1,5 19,1'iu
16,000
.000
2,178
2.012.7OO
,749
'.070
6,
17,o(io
597.000
2,301
6,800
L08.660
725.2 13
1
1.-
13,000
1
101.O39
too
2,61 1,881
57.210
5.1 13
1,11(1
3.090
3,096
23,15l,21o
26,33'
.915.319 5,91
190,76s 37s, 01
1,605,80!J
7,855
163,019
22 1,084
731,548
1,254
305, l:
1,236
290,814 6,1
-o70
020... p.- 2,1 lo, 57'
701. (119
13,164,218
951,338 727,007 16,283
1
1
1
October... 3,347,031 2,325,735 10,722,179 8,221,104
East'nof Minn. October... 603,374 505,066 2,189.210 1,640,334
Montaua Cent'l October... 153,003 192,526
716,142
645,838
Total system. October... 4,163,408 3,023,327 13,557,227 10.577,5sO
Hooking Valley.. IstwkNov
99,593
94,102 1,9 11.299 1,72.
Uous A Tex Cent August ... 421,3 15 344,132
610,073
,111
Illinois Central.. October. .. 3,706,679 3,414,924 13,690,838 12,046,156
Illinois Southern October...
11,449
11,199
43,153
46,748
lad Dec A Weet'n July
59.69s
59,698
55,928
55,928
Did 111 A Iowa... September
143.302
291.1 19
104,354
415,706
Int A Gt North'n IstwkNov
98,794 116,351 1,759,757 1,691,898
Interoo(Mex)
wk Octztt
78,100
81,500 1,212,200 1,271.230
Iowa Central
lstwk Nov
5-1 ,759
819,035
895,003
38,716
Iron Railway
October.
7,647
4,306
17,820
26,508
Kanawha A Mich IstwkNov
19,747
14,530
372.721
309,72 s
Kan City South'n September 414,837 360,072 1,182,737 1,075,883
Lehigh A Hudson October...
147, si
83,224
31,721
136,060
Lehigh Val KR.. September 2,636,902 2,034,485 7,193,195 6,37s, Mo
Leh Val Coal Co. September 1,578,351 1,956,997 4,782.685 5,474,718
Lexing A East'n. September
34.103
27,294
90,972
101,329
Lou Hen AStL.. Ootober.
60,435
61,502
241,729
227.811
Louisv & Nashv. IstwkNov 617,345 549,600 10,586,973 9,562,710
Macon Birm... October. ..
15,002
36.385
11,075
40.184
Manistique
October. ..
2.770
4,061
25,403
32,248
{Mexican Central IstwkNov 325,101 315,016 5,770,919 5,75 1.9 is
Mexican intern'l September 466,222 435,428 1,415,996 1,254,527
{Mexican Nafl.. IstwkNov 125,119 120,697 2,529,464 2,610.513
Mexican North'n May..
43,892
56,240
576,079
596,506
{Mexican Ry
Wk Oot 26 79,000 78,700 1,317,300
1,366,800
Mexican South'n 3d wk Oct.
15,162
226,352
14,326
234,527
Minneap A 8t L. IstwkNov
74,945
68,631 1,321,961 1,177.175
A S StM. IstwkNov 134,513 81,464 2,269,515 1,584,243
Mo Kan Texas IstwkNov 353,534 348,514 6,345.771 5,451.424
MStP
Mo Pao A
70,1 11 North'n PaolflO.o
156.00
Ohio A
Little
21,975
Kanawha
Coast !o
15,595,110 Pacific
Pacific Mail
345,612 Penn—EastP&E
West P A B ...
9,445
11,372 I" mi A Northw'n
l,02O 1'ere Manjuctto.
2,159,523 Phtla A Erie....
157,136 1 hila Wilin A B.
1,810,629 PlttBbOOA st I.
11,191,171 PittHb & West'n.
2,56 1,028
PlttSb CI A To!
186. 031
Pittsb Pa A F
4,128,853
Total system...
3,570,262 Plant System24,430
Ala Midland.
38,409
Bruns &i W'n.
5,675,777
Chas&Sav...
2,450,572
Sav Fla A W.
13,225,020
SilSOcAG..
1,968,792 Keading Co. —
2;612.873
PMJ A Read..
1,486,612
Coal Air Co..
15,648,569
Tot both Co's
11,512,039 Bloh Fr'ksb AP.
Grande Jet..
453.168 Rio
Kio Grande So..
7,360,119 Rio Gr'de West
2,788,639 Rutland
509,324 St Jos AGrl....
* 1,306,280
St L Ken'et A So
1,414.127 StL
Ark....
6,375,131 St LA San Fran</
817,363 St L Southwest
717,537 StLVan&TH..
1,187,484 San Ant A A P...
39,180 San Fran
P..
366.338 San Pedro Los An73,575
geles A Salt L.
291,415 SFe Pros A Ph..
4,357,499 Sav Fla A West..
398, s 16 Seaboard Air L..
218,182 SoO AGaExt...
1,000.779 So Haven A East.
49,718 Southern Ind
9,818,181 So Miss A Ark ...
128,969 So Pacific Co 6...
527,158
Austin A No'n.
30.OO9
Carson A Col.
470,461
Cent Pacific
424.344
Direct Nav Co
399,207
Gal liar A S A
91,223
Gal Hous A No
10,165,954
GulfW. T. A P.
Hous. E. A iV.T.
1,228,110
348,818
Hous. A Shrev.
P Minn AM.
&
Wee
or
736. 169
64 1,488
828,898
93,5 1s
305.759
93,945
35,071
IstwkNov
657,676
36.376
Ann Arbor
5,193
23,683
Ann W'a-h A Bal September
7,333
1,716,803
Atch lop A S l-V September 5,012,230 1.38:
245,957
Atlanta A char.. July
245,957 231.460
204,363
Atl Know & No October.
56,890
40,383
June
WPt..
740,689
Atlanta A
49,656
47,085
605,065 658,649 1,718,096
Atl Coast Line. .. September
23,051
20,674
90,330
Atl Valil A West. October.
Austin A Northw May
20,422
12,830
250.450
Bait A Ann S 1>.. September
28.688
8,452
6,855
Bait A Ohio.... )
17,399,112
October.
1,246,392
1,583,533
B A o Southw.
Bangor A Aroosi September 150,158 128,977
893,875
nber
Bath A Ilaiuinoi.
8,705
8,596
3,0 (0
3,50
Bellefonte Cent'l October.
19,760
3,359
Bridut A Baoo K. September
12,887
102.29;; 2,468,967
Butt Koch .V lit* 1st wk Nov
122,117
Builalo ASasq.. September
60.851
200,679
74,159
161.091 1,971,059
Burl (J Bap A No Ith wk Oct
184,335
817,000 644,000 13.65 1,03d
Canadian Pacific IstwkNo
Cent'l dt Georgia IstwkNo
174,310 102,250 2,727,616
62,959
Cent'l NewKiis.. September
53,890
166,640
September 1,113,84, 1.217,12s 4,423,179
Cent'l ol'-N J<
Central Paciiio.. August
3,866,06
2,021,773 1,836,60
2,103
Ceni'l Pa A West June
2 1,002
2,386
33,3lo
Chattan Sputh'n. 4Ui wkOct
3,174
2,999
Cliesap A Ohio... IstwkNov
299,6 19 6,189,856
322,401
Chic & Alton Ry. September 802,694 833,871 2,480,970
Chic Buri & Quin September 4.970,334 1,772,00 1 11,130,796
Chic A E Illinois IstwkNov l 2.5.9 2 l 108,711 2, 167, s3
Chin Gt Western IstwkNov 149,943 122,020 2,893,236
Chiclnd AL'v.. IstwkNov
71,994 1,711,723
B8.635
Chio Milw A 8t P IstwkNov 902,723 826,253 17,120,577
Chio A North W'n September 4,270,7-20 4,002,116 12,459,796
Chio Peo A St L
135,810 132,879
487.297
AStP Ootober.
jo.-),:;;;;;
Latent tin^.t
ROADS
S
54,562
I
59,122
B63.433
1,021,923
1.052
I.
1 to Latest Dale
Current
*
September
Adirondack..
Ala dt Southern. 1st wk Nov
June
Ala Midland
AlaNO A I'exa* Pao Juno.
N O & No East. Ootober. ..
Ala* Vicksb'g October...
VlokBb Bh A P. Ootober. ..
Jul)
Hour ATex Con
lberiaAVerm'n
Louis'a West
Morgan's L A l
.
.
August
Auguat
..
April
...
.
is, 5
Ry
15,1-9
519,623
L85, I7.i
,5
1.
IstwkNov
September
570,971
April
1
IstwkNov
September
September
September
July
July
July
096
31,210
-
23,957.10
,927.139 7,238
1,,
Inn 86 5,000
17.3s
500.07
50,298
107,5s.-,
156,105 3,502
502,89
1,98 1.752
,006,590 963,090 3,056.095
,829.236 t ,548,478 5,506,1 7"
222,095
222,095
179,820
129,35s
9 1,950
129,358
57,019
52,405
52,405
69,331
68.469 1,578,0.:-
Beptembei
September
-.771
!
550,909
1,749,180
3,11'
1,569,108
3,027,095
179.820
94.950
57,ol9
1,5-5,1 15
1,675,695
September ,461,900 2,302,124 7,295,832 7,069,420
September 2 .30 1,213 2,712,918 6,621,702 7,275,15(1
September 4 ,766,113 5,075,042 13,917,53 14.31 1.570
75,551
September
250,268
226,067
82,439
104,ls
52,390
100,433
August ..
49,70
1
(
.
IstwkNov
12,465
October...
459,4
August
202,511
140,166
20,760
19,875
414,18
278,710
201,779
225,205
119,413
October.
October.
..
..
August
1st
wkNov
4th wk Oct
October. ..
August
October.
..
3d wk Oct
1
3,161
17,904
IstwkNov
i
11,672
507,100
174,903
126,896
13,139
10,050
352,568
211.973
1,870,147
390,061
524,53 s
57,990
41,675
7,710,899
250, 5-i;
2,
2(16,219
1,778,000
554,530
4-15,529
13,172
6. 509,752
272.525
688,801
152,856
98,814
736.-57
397,138
448,271
1,964
17,290
335,86;
181,137
September /570.971 7*550,909 fl,749.18<
4th wk Oot
October. ..
406,654
527,392
.075.605
3, 150,119
l\
280,864 3,764,058
328,8 12
29,217
1,511
86,873
28,089
27,2 10
15,605
September
12,570
31,669
1 5o. 561
35,250
October...
215,778
53.885
19,259
77,5 1Ootober. ..
72.500
20.29
11,751,157
August
7,184,692 5,997,862 13,81
12,-3o
1 50.004
20,122
May
250,450
19,373
July
1,068
11,068
19.373
'.202
August ... 2,021,773 1.836,607 3,866,007
2,82s
July
2,828
1,943
579,596 477,37o 1,139
August ..
27. -07
August ...
65,7 17
35,795
1-.
August ...
10,027
14,701
13 1.571
69.091
53.367
August ...
.191
30,-00
AUKIlst ...
L7.475
11,882
1
1
august
...
inly
Auguat
August
NewMexA Ariz July
N YT AMex .. August
Tex A NOrl.... August
Ore A Calif or'a July
sonora
1:1
399.021
421,315
3,93s
1
17,75s
640.812
27,090
30.557
250.6113
280,013
fuly
344,132
2,456
111,654
551,240
L7.937
1,139
1,2 J -.MIM
27,090
1,050,468
17,957
,432
187,093
229,168
45,082
1
1.53
So Pao Coast.
99.01..
July
,.,161
So Pao of Cal
August
1,892.706 1,534
So Pao of Ariz. August ...
653
1,250
346.781
So Pac of N M A '.rust
386
203,713 1 19,50-1
Southern Railw'\ 1st wkNov 738,422 687,65 r L3.28
5
Terre II A Ind ... October. ..
157,207 151,025
if A Peor.. October.
60,249
Texas Central ... 4th wk Oct
22,371
19,091
Texas A Pacilic. IstwkNov 228,576 228,282
TexS V
W .. October. ..
49,700
16,900
17.500
Tol A Ohio Cent 1st wkNov
47,562 1.009,010
50,
15.0-J
.
.
.
,
AN
PA West ....
Tol
Tol St
LA
W
3.S50
11
1
IstwkNov
IstwkNov
1
20,361
19,829
54,725
17
430, 7oi.
47,973
35,440
943,008
181,644
22,0
.
1
,2
197,207
3,470
47,000
925. 102
159. O20
776,563
129,123
Tor Ham A Buff. Ootober. ..
Union Pac RR . )
Oreg RR A N } September 1,210,815 1.054.S19 12.513,102 11,539,113
oreg Su Line. )
Wabash
7,081
1st wk Nov
W .lersey A Sea'e September 876,108
865,808 351,008 1,49
286.546
VCen A Pitt.. September 102,167
Western of Ala . June
54,0 15
821,088
739,
57,832
Wheel A I. 1:
321.17
286,643 1,230.073 1,030,
October...
995.
-07
Wisconsin Cent.. IstwkNov 107,500
1.
100,398 2,214.987
ti
29,058
wrlghteY a T'n.. September
17,022
11,643
Ya/.oo AMIbb V.. October.
67 1.192
1.978.270 1.759.751
W
1
* Figures from
Mexican currency.
§ Covers results on lines directly operated east of Pittsburg.
Ootober 1 are for the railroad only.
clncludes Paducab A Memphis Division from July 1 in both years.
b Includes the Houston A Texas Central and its subsidiary lilies. Earnings ol the Cromwell Steam ship Line, not previously reported, are
now also included.
c Results on Montgomery Division are included in both years.
</ Includes St Paul A Dulutli tor both years.
e Includes results on Sher. Shrev.
Southern, Mo Midland and San Antonio extension for this year, but not tor last \ ear.
/These figures
are the results on the Ala. Midland, Brunswick A Western, Charleston A Savannah, Savannah Fla. A West'n and Sil\ er Springs Ocala A Gulf.
g These tigures include, besides the St. Louis A Sau Francis jo proper, the Kau. City Ft. Scott A Memphis and Ft. Worth .* Rio Grande.
;
A
THE CHRONICLE.
1056
Totals lor Fiscal Year.
[Vol. LXXIIl.
4lh week oj October.
page statement on the preceding page we show
In the
the gross earnings of all roads for th<> period from July 1,
that being now tno beginning of the fiscal year of the great
majority of the roads. There are, however, noine roads that
These with their dates are
still have their own fissal years.
brought together in the following.
1901.
Increase.
L900
Decrease.
full
Previously rep'd(49r'dB) 16,126,091 14,298,130
Ala. N.O. A Tex. Pac—
New Orl. A No. East ..
69,000
63,000
Ala.
Vioksburg
45
38,000
Vloks. 8h. <v Pac
29.000
29,000
Chattanooga Southern.
Gulf
Col. Sandusky A Hock'g.
Interoceanio (Mex.)
Latest Cross Earnings.
Atlanta <fe Charlotte Air Line.
Bellefonte Central
Burlington Cedar Rap. & No.
Central of New Jersey
Chicago ANorth-Western....
Chicago Rock Island & Pac.
Ohio. St. P. Minn. A Omaha..
Choctaw Oklahoma A Gulf..
Cnmberland Valley
Duluth South Sho. A Atlantic
East St. Louis A Carondelet.
Ft. Worth & Denver City
Gila Valley Globe A North'n.
International A Gt. North'n.
Lehigh Valley RR
Lehigh Valley Coal
Manlstique
Mexican Central
Mexican
Mexican
Mexican
Mexloan
International
National
Railway
Southern
Missouri Paolflo
Central Branch
Total
Monterey & Mexican
Northern Central
Gull....
Paolflo Mall
Pennsylvania, East of P.
WestofP.AE
&
E.
Pennsylvania A Northwes'n.
Pere Marquette
Apr. 1 to
Jan. lto
Jan. lto
Jan. 1 to
June 1 to
Apr. lto
Jan. 1 to
Nov. 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
Deo. 1 to
Deo. 1 to
Jan. lto
Jan. 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
Apr. 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
May 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to
Philadelphia A Erie
Phlla. Wilm'g'n & Baltimore. Nov.
Pitts. Clnoin. Chic & St. L... Jan.
Rio Grande Junction
Deo.
St. L. Vandalia & Terre H.... Nov.
1 to
1 to
1 to
1 to
A Eastern
Jan. 1 to
South. Missouri & Arkansas.. Jan, 1 to
Terre Haute & Indianapolis.. Nov. 1 to
Terre Haute & Peoria
Nov. 1 to
Texas A Paolflo
Jan. 1 to
West Jersey & Seashore
Jan. 1 to
South Haven
Previous
Tear.
Tear.
40,5 6
1
78.100
79,000
Mexican Railway
Northern Paolflo
Santa Fe Pres. A Phoenix
Seaboard Air Line
Texas Centra)
Period.
Current
2,999
18H.43S
A
744.799
891,249
35,341
42.257
Oct 31
Oct. 81 4,327,005 4 048.323
Sept 80 12.516 796 11,518.443
Sept so l6,M72,8'-<7 15,200,211
Sept an 14.815,127 12 917,697
7,874,686 7.290.360
Sept J
5,189,139 3 397,0")6
Oct. 3
758,321
Sept. 30
802,575
Nov. 7 2,185,152 2,243066
132,290
131,040
Oct. 31
Sept 30 1,536,099 1,198,854
284,030
255,192
Sept. 30
Nov. 7 4.153,092 3,506,920
Sept. 30 22 669,083 20.588,168
Sept 30 17,503,680 15,817,050
84.236
96,441
Oct. 31
Nov. 7 14637,405 14,734923
Sept. 30 4.346.134 3,926,553
Nov. 7 6,455,941 6,670,739
3 52 ,800 3,727.7C0
Oct
482 340
475,037
Oct.
29,634,958 25,638,196
Nov.
1,154,437 1,164,811
Nov.
31 094.727 26,987.256
Nov.
1,165,353
1,158,741
Oct.
Sept 30 6,061,364 5 698,064
Apr. 30 3,071,166 3,817,620
Sept. 30 68,768,106 62,251,906
Inc. 3,5 32,000
Sept. 30
225,526
227,045
Apr. 30
Nov. 7 7.766,617 6.960,412
Sept 30 4,969,44*- 4,203,617
Sept. 30 10,734,368 10,377,468
Sept. 30 15,057,227 14,008,949
404,371
334,691
Aug. 31
Oct 31 2.046,570 1,943,526
51,767
52,188
Sept 30
160,530
134 450
Sept. 30
Oct. 31 1,590,016 1,620,016
558,488
495,087
Oct 31
Nov. 7 9.412,051 7,519,388
Sept 30 2,987,691 2,832,191
July 31
Total (61 roads)
Net increase (15*07
1,63
20,659
328,842
19,091
Bait.
A'abama Gt. Southern..
$
*
Increase.
&
Roads.
Ohio, b
44,052
35,071
102,293
644.000
162,250
299,649
108,711
122,020
71.994
826,253
27,045
370,008
47,301
225.200
21,410
42,626
6,434
24,097
i^Grand Trunk West.. >
Det. Gr. Hav. & Mllw. 3
552,912
539,714
18.198
Hocking Valley
99,593
93,794
54,759
19,747
617,345
325,101
125,119
74,945
134,513
353,534
666.000
20,000
305,122
951,338
167,585
69,331
12,465
414,182
17,904
738,422
228,576
50,441
20,361
49,829
876,108
107,500
94,102
116,351
5,491
38,716
14,530
549,600
315,016
120,697
68,631
81,464
348,514
580,000
17,000
290,814
727,007
156,405
68,469
11.672
352,568
17,290
637,657
228,282
47,562
22,047
47,973
320,456
100,898
16,6 43
5,217
10,233,265
9,143,348
Ann Arbor
Buffalo Roch.
Canadian
& Pittsb'g
Paolflo....
Chicago & East. Illinois.
Chloago Great Western.
A Louisv.
Chloago Milw. A St. Paul.
Ohio. Ind'plls
Chicago Term. Transfer.
Clev. Cln. Ohio.
Denver
A St.
L..
A
Rio Grande.
Detroit Southern
Duluth So. Shore & At.
Evansv. & Indianapolis.
Evansv. & Terre Haute.
Int.
& Great
Kanawha &
Louisville
Minn.
Northern..
Mlohigan...
& Nashville..
St. P.
& S.
Ste.
M
Mo. Kansas and Texas..
Mo. Pacific and Iron Mt.
Pittsburg
& Western....
Rio Grande Southern....
St. Louis & San Fran
Santa Fe Prea. & Phoenix
Toledo & Ohio Central..
Toledo Peoria & West'n.
N. Y. A Canada b—
July lto Sept 30....
lto Sept 30....
Albany & Susq.b—
July lto Sept. 30....
Jan. lto Sept. 30....
Detroit Southern. bSept
July 1 to Sept 30....
Od. Rap. Gas-L. Co.Sept
Jan. 1 to Sept 30
Qr. Trunk of Can... Sept
July lto Sept 30....
Gr. Trunk West... Sept
July lto Sept. 30....
Det. Gr. H.A Mil. Sept
July lto Sept 30....
Wisoonsin Central
Total (47 roads)
Net increase (ll 92 p.
-
o.)
»
7,000
4,074
2,256
518
895
67,745
10,085
4,422
6,314
53,049
5,020
86,000
3,000
14,308
224,331
11,180
N. Y. Chic.
over the same week last year.
Tear.
Tear,
9
$
$
1,867,849
6,940,185
1,519,434
5,177,996
2,059
14,283
1,275
12,253
5,591
42,257
3,504
35,341
348,528
865,822
355,873
871,014
1,258,863
3,758,107
112,201
308,128
1,140,777
3,482,458
94.834
267,906
&
St.
Tear.
13,771
62,034
12,060
55,918
351,561
642,281
298,285
624,329
174,199
362,552
175,781
351,288
678,822
588,779
1,785,431
21,641
54,129
15,649
126,438
119,652
818.562
805,422
2,223,063 2,070,738
44,286
84,679
114,365
131,885
21,899
29,199
85,165
67,159
1,007,933
934,888
2,980,112 1,998,148
3,129
2,341
13,934
16,771
81,415
87,787
721,377
676,611
1,987,365
31,340
92,494
16,186
2,966,109
8,080,530
2,958,180
8,002,910
988,613
4,337
11,088
*' 72 *
28,819
816,817
2.834
9,976
„f'^2
24,090
L.b—
July lto Sept 30.... 1,905,606 1,805,684
Jan lto Sept. 30.... 5,488,189 5,119,406
675,334
502,898
Sept.
Phlla. A Erle.b
Jan. 1 to Sept. 30.... 4,969,448 4,203,617
75,551
82,439
Bioh. Fred. & Pot.. Sept
226,067
250,268
July lto Sept 30....
at. Joseph
Gas L.Co. Sept.
,
July lto Sept. 30..
3t.LouisA8anF.b..Sept. 1,811,489 1,542.410
July lto Sept. 30.... 5,257,593 4,385,917
St.PaulGas-Lt.Co..Sept
862
793
61,614
614
50,765
294
i
1,686
........
Jan. lto Sept. 30..
3antaFePres.APh.Sept
July lto Sept 30....
roLPeoria&West.-.Oct
Julv lto Oct 31....
Western Gas Co.—
79,424
236,373
110,481
410,345
Milw'ee Gas-L. Co.Sept
Jan. 1 to Sept 80
464,710
Yazoo & Miss. Val.a.Sept
July lto Sept 30.... 1,304,078
38,822
For the fourth week of October our final statement covers
and shows 15-07 per cent increase in the aggregate
61 roads,
.
Manhattan Elevated b—
„
652,890
781,146
July lto Sept. 30.... 2,093,276 1,889,600
Oct lto Sept. 30.... 9,620,562 9,115,346 4,292,012 3,920,034
6,028
8,168
15,660
18,119
Mexloan Telephone. Sept
46,662
54,125
106,480
122,660
Mar. lto Sept 30....
17,557
1,128,739
1.089,917
.
9
2,127,191 2,037,159
6,288,135 5,807,314
337,255
413,174
996,192
1,059,945
93,925
88,085
281,776
290,535
Illinois Central... a.Sept 3,425,279 3.112,621
July lto Sept 30.... 9,984,209 8.631,232
Jaokson Gas-L. Co.Sept
Mar. 1 to Sept. 30
Laolede Gas L't Co.Sept
Jan. 1 to Sept 30
Lake Sh. & Mioh. So.b—
July lto Sept. 30.... 7,795,021 6,632,987
Jan. lto Sept 30.... 21,485,239 19,361,370
Long Island RR.b*—
July lto Sept 30.... 2,106,310 1,851,734
13,832
13,687
LowellEleo. Lt. Co.Sept
40,276
40,135
July lto Sept. 30....
Madison Gas A Eleo.Sept
Apr. 1 to Sept. 30
Decrease.
.:::::::
76,108
Tear.
Delaware & H'dson Co.—
Renns. & Saratoga b
793,802
July lto Sept 30....
859,512
Jan. lto Sept 30.... 2,051,774 1,980,713
16,377
1,789
1,856
55,653
7,102
.
Oonsol.GasCo.,N.J.Sept
July 1 to Sept. 30
2,766
2,879
2,522,634
2,446,526
3,277
Binghamton Gas.. .Sept
3,271
3,179
May lto Sept 30
13,025
11,868
Ohootaw Okl.AG.b.Sept
483,768
326,593
153,610
138,442
Nov. lto Sept. 30.... 4,672,697 3,050,616 1,757,191 1,036,087
Oin. N. O. & T. P.a.Sept
122,344
460,801
391,222
110,320
July lto Sept 30.... 1,380,032 1,228,779
363,102
328,294
Oolum.Newb.A L.b.Sept
14,817
13,903
6,871
5,065
July lto Sept 30....
16,584
39,386
39,180
14,255
7,623
1,305
19,824
203,000
12,060
22,752
17,210
27,923
16,641
76,470
18,671,077 16,224,551
Oct
Bellefonte Centr alb Oct
Jan. 1 to Oct. 31....
$
$
51,675
36.376
122,117
847,000
174,310
322,401
125,921
149,943
88,635
902,723
29,811
353,631
45.512
232,200
25,484
44.882
5,916
23,202
.212
47,973
4,583,533 4,246,392
July lto Oct. 31.. ..17,399,112 15,595,110
1
1900.
476,889
280,801
22,371
i
last year.
1901.
3,400
300
78,700,
1.161.44H
26,44 7
A
Latest Gross Earnings by Weeks.—In the table which
we sum up separately the earnings for the latest
week.
The table covers the first week of November and
shows 11 '92 per cent increase in the aggregate over the same
week of November.
175
78,162
8,936
Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week.
full detailed statement, including all
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement of
ohis kind will be found in the Chronicle of Oct. 19,
1901.
The next will appear in the issue of Nov. 23, 1901.
Gross Earnings.
Net Xarvingt
Current Previous
Current Previous
-
follows
1st
3,174
110,276
31,5*0
*1.500
p.o.)
Jan.
week
69,256
6,000
7,000
A
Choc. Okla
Roads.
1,897,157
71.794
226.599
103,265
416.982
432,570
1,105,892
532,944
402,064
1,361,145 1,290,514
185,715
328,181
2,008,707 1,461,804
29,634
31,610
87,660
93,755
5 f325
5,164
,
14,972
13,264
698,274
817,885
2,268,738 1,849,253
23,705
27,446
198,591
219,969
41,536
3£,848
117,968
121,623
34,149
34,438
123,488
124,037
,~ „ao
Jf'Z??
381,911
74,960
182,794
a Net earnings here given are after deducting taxes.
j
«
b Net earnings here given are before deduoting taxes.
Inoludes New York & Rockaway Beach in both years.
*
acqaa
^sf'^o
384,750
142,895
266,567
NOVEMBER
THE CHRONICLE.
1901. J
Hi,
Interest Charges and Surplus.— The following roads, it
addition to their gross and net earnings given in the fore
going, also report oharges for interest, &o,, with the surplui
above or deficit below those oharges.
— Int., rentals, etc.
-Bat. of Net Ham's.Current
Previous
Ourrent
Tear.
Tear.
Tear.
9
U'JCldl
Olioo. Okla. * Gulf. Sept.
Nov. 1 to Sept 30
Delaware A Hudson—
Rense
SaratogaJuly i to Sept 30
52.465
510.851
9
43,560
455,964
Previous
Tear
9
94,8*2
680,183
9
101,149
1,216,343
309,351
to Seiit. 30....
927.11.>
N. Y & Canada—
July l to Sept 30....
93,227
1
42.210 def.
306,812
919,207 df 2S4.838 df '294.878
92.874
278,620
82,!i07
80.972
82,126
30 ...
2SO,42t;
Albany <te Buaqneh.—
July l to Sept 80....
310,268
36^,23l
816,501
Jan. l to Sept 30
945,374
927,855 1,041,491
Detroit Southern
26,500
4.840
Sept
"79,500
July 1 to Sept 3o
12,994
Lake t>h. & Mich *o.—
July 1 to Sept. 30
979,920 1.017,571 *2,291.109
Jan. 1 to Sept 30.... 2,847,797 2.901,358 *6,055,530
Jan.
1
to Sept.
.
Lonx Island
.
1
278.511
857,576
—
506,914
July 1 to Sept, 30.... 1,172,503
Xol Peo. & West.b Oot
28,050
July 1 to Oct 31...
92,202
'576,330
491,566
1 to
*408,401
*340,083
*218,328
2,444,189 *2,066,777
*89,277
•445,373
•436,717
1,127,993 •1,115,962
11,388
22,748
91,019
31,835
•233,575
•401,843
•341,103
•749,318
11,409
32,469
After allowing for other lnoome reoelved.
.
I
and the
turns,
all
kind will be found
Apr. 1 to Hept 30 ..
South. Ohio Tract.. Oct
Jan. 1 to Oct. 3L....
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from whioh we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for he
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including suob
latest week or month.
8TREET RAILWAYS AND TRACTION COMPANIES.
—
Latest Gross Earnings.
Jan. 1
to
Latest Date
GROSS
Week orMo Vur'nt Prev'us
Tear.
Tear.
Current
Previous
Tear.
Tear.
31,839
284.732
n .-xt
.
Oross learnings.—
Previous
Tear.
Tear.
*
9
28,578
25,270
2.^,395
804,082
67,066
53.880
195,024
170,223
Roads.
Elgin Aurora AHo.aOet.
Jan. 1 to Oct 31
Soranton Kail way.. SeptJuly 1 to Sept 30
so. tight & Tract... Sept
re-
rig
I
latest itatem
In the (Jhkonicle of October 19, 10
pear in the issue of November 23, 1901.
28,431
247,278
•
learnings.
Ov
I
ap-
trill
«
revious
tar.
Year.
9
9
11.'
184,
92,569
21,011
76.517
15.068
:;.«.77i
96,039
17.497
92,980
17.977
132,546
71,983
14,136
120,910
ANNUAL REPORTS.
Annual Reports.— The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors' and Street Railway Supplements,
This index does not include reports in to-day's Chronicle.
RAILROADS, ETC.—
Alabama Great southern
American Alkali
American
American
American
American
American
BangOI &
Page.
ie08
»&5
782
Bicycle
Linseed
Soda Fountain
Window
Glass
Aroostook
St. i.ouis
Canada Atlantic
I<54
Central of lieorgia..
840
Chicago A Alton
720, 839
Chicago Burlington A Qulncy..78u, 787
Cincinnati
Ham. & Dayton
Akrun
*HU
Columbus
Cleveland Lorain & Wheeling
Cleve..
V5">
<&
953
841
Colorado Midland
Crucible Steel ot America
841
.842, 897
Distilling Co. or America
842
Glucose Sugar Kettuiug
780,895, 903
Qr at Northern
llall Surnal Co. (bal. sheet of May
842
81, 1U01)
Indiana Illinois & Iowa
840
1007
Maine Central
897
P.
&Sauit
Ste.
Mane....
Minn. St.
Minneapolis it St. Louis
953, 961
1008
Mobile Jackson & Kansas City
Nash. Cbat.A St. Louis
336, 781
N. V. Cent. & Iiud. River.. 71l>, 779. 790
Pacific Coast
953, 963
People's Gas Li«ht fc. Coke (bal.
953
sheet of Oct. l, 1901)
Paoe.
1008
898
state-
(official
>-9tJ
10J7
«£
Railroad Securities
VM
louo
956
Typefounders
RAILROADS. Etc.— (Con.)—
& Kumford Falls
Pullman Co
Portland
ment)
Reading Company
780
Rutland
-i. Lawrence <£. Adirondack
U6f>
Maine
Boston
Eakninob.
•
week, but once a month
Saturday), we bring together
tliat
*2. 178,180
*5, 512,910
RR-
to
626,924
632,351
Sept 30.... 2,683,132 2,688,644
N. Y. Chic. <te St. Louis—
318,621
299,896
July 1 to Sept, 30
Jan. 1 to Sept. 30
903,519
933,863
379,564
8t. L. A San Fnni.. Sept
400,979
Oct
72,608
.
Sept 30
Manhattan ElevatedJuly 1 to Sept 30
July
this week.
In reporting these net earnings for the street
railways, we- adopt
team
roadB that is, w<> print
k all
Our rem
<fe
Jnii.
1057
& San Francisco.
©53
837, 846
1007
840
...fe9rt,
911
Fe Prescott & i'bojnix
951
Somerset By
lOOtf
Texas cntral
954
Toledo St. Louis & Western
8«6
Western Union
783
West inshouse Air Brake (bal. sheet
r-anta
(
ot July 31, 1901)
848
Wisconsin Central
688, 854
Street Railways—
American Railways
Brooklyn Rapid Transit. ..7^,
Chicago Union Traction
Page.
1008
839, 854
182
Conn. Railway & Lighting (official
statement to N. V. SlOCI Ex.)... H52
International Traction of Buffalo. 336
Metropolitan Street '-ew York).. 613
New York & Queens Count r
614
Northwestern Klev.RR .of Chic... 841
Third Avenue RR (New York).... 552
Toledo Railways & Light
613
Union Traction of Philadelphia... 614
Union Traction of Pittsburg
394
United Traction of Albany, etc.... 610
Manhattan Railway.
American
September 82,171
Bingham ton KR
September 18,456
Br'klynRap.Tr. Co... September toou.aas
Chicago <fe Mil. Elec. September 19,197
Oln. Newp. ACov.... September
OltyEleo. (Rome.Ga.) September! "3,508
Cleveland Electrlo .. September 231,652
Cleve. Ely <b West... September 27.430
Clave. Palnsv. & E.
September 18,823
Consol. Trao. (Pitts.) September 264,969
Dart&W'portSt.Ry. September 13.130
Denver City Tram
Si-pteiuber 133,664
Detroit United
LstwkNov. 58,090
Rapid Railway
IstwkNov.. 5,402
Total.
IstwkNov. 63,492
Duluth-Sup. Tract. >
38.933
September
Duluthbt. Ry.... <
28,578
Elgin Aurora <te Sou October
Galveston City
September 11,580
42,026
Harrlsburg Traotlon. August
Internat'l Traction—
(Buffalo)
September 634,269
Lehigh Traction
September 11.688
London St. Ry.(Can.) September 15,033
Lorain & Cleveland.. September 11,804
6,194
Mad. (Wis.) Traotlon. September
705,309
Mass. Elec. Co.'s
August
Montreal Street Ry.. September 182,584
Muscatine 8t Ry
6,126
September
NewburgSt. Ry
September 10 615
New Castle Traotlon. September 9,098
New London St. Ry September 7,500
Northern Ohio Tract Ootober... 42.707
Olean 8t. Ry
September
4,940
Philadelphia Comp'y September 181.808
Pottsv'e Union Trac. July
19,122
Railways Co.Gen.—
Roads
September 20.753
Light Oo's
1,198
September
Richmond Traction.. September 20,991
Sacramento Electric
Gaa&Ry
September 39,846
R'ys. Co. (>.
.
',
.
640,120 599.309
153,116
137,702
1.010,464 9,396,840 9,074.612
16,52V!
132.160 108.789
610,642 588,710
"o',5l6
30.195
31.346
176.108 1,705,634 1,506.701
18,863
185,1*92
13 ,0i9
14,4^5
124,184
106,184
247,810 2,252,549 2,110,415
9*94b
95,335
80.571
116,569 1,114.556 »b3.5S7
50.815 2,444,029 2,162,125
5,110
55,925
39,148
334,723
25,270 304,032 259,395
78,014
15,767
35,977
246.484
9,300
14 790
9,756
6.091
661,107
161,526
6,566
9,812
8.285
6.972
37,735
4,188
138.1217,005
20,665
1,128
20,727
257,272
231,782
3,418.236 1,882.511
85,709
97,051
106,709
88,383
52,789
3,929,712 3,765,983
1,435,623 1,345,510
50.967
52,814
79,401
76,391
97,090
56.245
492.645
40,799
104.022
£0,203
408,869
3*. 871
2,235,757 1,8^19,650
95,426
79,655
166,505
14.270
169,748
.
October.
531,510
67,066
16,604
31.839
28,108
33,977
114.667
152,514
308,393
27,788
122,200
At the annual meeting on We dnesday, President George
Gould said:
"While the year's results are very gratifying, the current
earnings are even more so. Daring the past year the improvement and enlargement of our facilities have been
steadily pushed. The line from Trernont to Fordham ha3
been completed and put in operation since July 1, opening a
J.
highly promising field for growth.
"The new terminals secured in the Bronx district have
enabled us to give additional and improved facilities to the
public on our East Side lines, which have met with an immediate response in increased traffic. During the year the
change to electrical equipment has made great progress. The
buildings for the central power station at East 74th St. and
sub- stations at Allen St. 34th St. and 99th St. are completed,
and the machinery is being rapidly installed in all of them.
Motor equipments are arriving in quantity and deliveries of
300 new cars will commence within two weeks. Our engineers
fxpect to turn the first 8,000 horse- power engine and dynamo
by Dec. 1 and run the first train on 2d Ave. during the
month, to be followed up as rapidly as the equipment can be
assembled and put in operation. The company carried in
October 2,200,000 more passengers than in October, 1900, a
daily average increase of over 70,000."
Earnings and passengers carried for a series of years:
,
Tear.
Gross.
1901.... $10,455,872
19C0
156909
35,439
307.310 275,589
480,403 4,833,403 3.563,166
53,380 505,551
September
456,070
September
16,995
155,010
October...
28,431
284,730 247,278
August
27,481
Taooma Ry. & Power September
25.691
2"l2,364
280,346
Toledo Rys. & Light. September
103,434 957,584
871,258
Toronto Ry.
October...
126,53k 1,360,848 1,228,952
Twin City Rap. Tran. Meptember
271 652 2,340,165 2,102.029
Union (N. Bedford).. September
23,069 211,825
191,901
United Traction— )
September
117,742
1,004,905
1,004,395
Albany City $
United Traot. (Pitts.) August
182,773 162,155 1.347,039 1,246.996
United Traot. (Prov.) September ^49,910 222,701 2,033,089 1,787,861
Wll.&NewCastleEleo August
8,603
6,200
46,167
30,559
Louis Transit
Soranton Railway...
Sioux City Traot
Southern Ohio Traot.
Btaten Island Elec.
St.
( Report for the year ending Sept. 30, 1901. J
1899....
1893....
1897....
1«96....
Passengers.
9,950,785
9,325,111
9,204,466
9,359,732
9.352,115
The earnings
194.152,316
183,788,851
177,204,558
179,728,
WO
188,184,641
182,437,244
Gross.
Tear.
1895.... $9,745,927
1894. .. 10,138,143
1893. .. 11,137.051
1892.
10.903.579
9,9.^9.710
1891.
Passengers.
: 2,645
196.159,323
219,621,017
215,122,575
196,714.199
185,833,632
1890.
9,388.682
for the years ending Sspt. 30 compare thus:
1900-01.
1899-00.
1898-99.
1897-98.
Tot. pass, carrled.194,152,318 183,738,851 177.204.558 179,728,356
Gross earnings... $10,455,872
Up. exp. <te taxes.
6,202,100
P.o.op.ex.to earns.
(59-32)
Net earnings..
Interest on bonds.
4,253,772
1,809,681
Dividends.
Balance
$9,950,735
6,067.647
(6098)
$9,325,111
6,113.790
3,883,083
1,816,309
3,211,321
1,889.681
(6556)
$9,204,466
6.063,682
(6591
3,137.784
1.889,681
2,066,779
1.321,640
2,444,091
1,248,103
(4)1.920,000 (4)1,920,000 (4)1,560,000 (4)1,200,000
sur.524,091
sar.146,7 79 der.233,350
sur.48,103
The balance sheet of June 30, 1901, was given in V. 73, p.
§ These are results for properties owned.
336.
The retiring board of directors was re-elected, with
Street Railway Net Earnings.—The following table gives the exception of Warren B. Smith, who was succeeded by E.
the returns of Street railway gross and net earnings reoeived N. Fobs, representing Boston interests.— V. 78, p. 336, 133.
THE CHRONICLE
1058
Mobile & Ohio Railroad.
{Report for the year ending June 30,
it
1001.
—
and 1900
01.
OPERATIONS, EARNINGS AND CHARGES.
189899.
190001.
189900.
688
874
876
Total mllee operated
Operations—
669,832
852,057
Passengers oarrled.
929,210
1897-98.
688
626.044
1 mile... 37.336,136
35.240.917 28,726,601 23,679,581
1-992 ots
Av.rateperpas.p.m. 2008 ots.
2,521,485
2.H67.310
4,132,755
4,365,646
Tods moved
Tons moved 1 mile. 792.823,887 770.450.9S6 570.115,702 504,478,384
0-618 ots. ,
0-590 ots.
578 ots.
Av. rate p. ton p. m. 0-583 ots.
$
Earning! —
$
$
$
3,143.478
3,324.003
4,619.204
4,544,436
Freight
498,974
595.993
702,251
749,780
Passengers
199,664
180,602
217.H41
199,433
Mall, express, etc..
365,202
430,555
550,611
Miscellaneous
553,087
Pass, oar'd
6,139,912
5,996,731
4,531,153
4,207,318
805,950
530,597
2,619,386
230,572
146,346
819,585
576,803
2,565,668
230,189
141,381
629,276
461,274
1,698,746
173,599
116,627
593,789
473.894
1,537,064
185,895
115,933
4,832,851
4,333.626
3,079,522
(70-57)
(72-27)
1.807,061
1,663,105
*98,168
1,451,631
2,906,575
(6908)
1,300,743
1,756,273
1,451,631
1,300,743
Int. on oar trust, etc.
1,158,880
295,615
100,815
1,071,687
286.716
60,242
P55.241
241,898
47,389
839,740
225,124
10,016
Tot.disburs'm'ts
1,555,810
1,418,645
337,629
1,144,528
366,702
307,103
1,074,880
225,863
389.416
314,990
271,748
180.697
def.22,714
sur.22,639
Gross earnings..
Expenses—
Malnt. of way,
etc..
Maint. of equlpm't..
Conduot. transpor'n
General
Taxes
Total
P.
o.
op. ex. to earns.
Net earnings
Other Income
D
H114.951
Total net Income. .1,922,012
i
on funded debt.
Int.
(67-96)
8 f}U t'SC7tl CtXtS ~-~
Rental
Balance
Prlncip'l of car trust
paid, new equip.
add's to property..
&
Balance
*
sur.35,355 8ur.t45,166
& C. RR. Co. for additions to property charged to Inof the accumulated surplus paid $53,206 (1 p. ct.) on
U Inoludes "St. L. & C. stock dlv., lh P. ct." $97,245.
GENERAL BALANCE SHEET JUNE 30.
Prom
8t. L.
tOut
come.
Btook.
Assets
-
1901.
1900.
1899.
1898.
$
$
28,939,740
$
27,950,584
27,080,231
Costof road & equip. 27,284,792
1.592.O0O
Trust equipment
8t*ks& bonds owned 2,764.525
mocks & bonds with
2,169,455
trustees
183,652
Lands, etc.)
.
$
......
2,628,925
2,774,475
2,954,475
349,223
324,728
308,239
269,026
258,440
403,053
miscell. acoounts.
1,010,644
Materials, fuel, etc.
389,680
1,247,396
281,058
598,726
246,164
468,109
297,933
35,702,987
36,231,853
32,177,613
31,528,531
5,320,600
2,359,400
Bonds (see Sufp'T). 23,982,200
1,592,000
Car trusts
Pay rolls, vouchers
& miscell. aoo'ts.. 1.238,308
270,000
Bills pay'le& loans.
33,490
Int. due & unpaid...
286,710
Int. accr'd, not due.
642,993
Profit and loss
Inoome acoount.... def. 22,714
5,320,600
2,359,400
23,981,200
1,683,000
5,320.600
2,359,400
81,556,200
766,000
5,320,600
2,359,400
21,556,200
559,000
1,528,432
180,000
58,410
278,245
1,005,556
40,000
59,190
819,929
22,639
243.627
742,605
84,435
718.328
135,000
45,100
154,273
631,550
49,079
35,702,987
36,231.853
32,177,613
31,528,531
(incl.
must again go
minals, comprising a total mileage of 28-9 miles. On this line new
buildings and structures were completed at a oost of *107,055. ohleily
from funds provided for by that road's receiver. The construction
work on the Adena Railroad was commenoed In December, 1900, and
the total oost of work on thts line contracted for to date Is $383,156.
Mines.— One and a-half miles of track was completed to the Roby
Mine on July 18th, 1901. This mine was opened up and commenoed
shipping coal Immediately. It Is tumlDg out at present 350 tons of
coal per day. and it is expected that this output will be Increased
shortly to 2,500 tons per day. Seven other new mines were opened
up on the line during the year, their total present output being 3,225
tons and their anticipated output 5,075 tons.
Equipment.— During the year six new switching engines were received or ordered and four Consolidation engines contracted for are
to be delivered In Ootober, 1901. There were also built and reoelved
500 gondola coal cars (80,000-pounds capacity), all equipped with
metal bolsters, air brakes, etc; 500 gondolas (50,000-pounds oapaolty)
were rebuilt for us. At our Ironville shops 185 oars were rebuilt and
6 new cabooses built.
At the consolidation Aug. 14, 1899, the Cleveland Canton & Southern had 2,061 twenty- Ave- ton gondola oars In its equipment. A
majority of them were practically unserviceable, so that on June 30th,
1901, only 576 were in service, the balance having been dismantled
or destroyed. Of these 576, at least 400 more will have to be retired
from service before June 30th, 190^, and possibly all of them. The
Wheeling
Lake Erie RR. on Aug. 14th, 1899, also had In its equipment 1,942 twenty-ton gondola cars, of which only 431 are In service
at present. These oarsalso will have to be destroyed during the present
year on acoount of age and general condition.
&
Of the freight carried in 1900-01 products of agriculture
furnished 6 65 per cent; products of mines, 60-37 per cent
(bituminous coal, 42-14 per cent); manufactures, 22*56 per
remainder scattering.
Statistics.— The operations, earnings, expenses and charges,
and the balance sheet for two years, have been as follows
operations and fiscal results.
1900 01.
189900.
442
393
Average mileage
Operations—
4,285,310
3,889,951
Total tonnage (revenue)
425,6*7.887
397,064,645
Do.
one mile
cent,
2,500,000
362,708
Cash
very low rates and at as low a cost per ton as any, or
to the wall.
It can be put in this condition at a comparatively Hmall expenditure, but the cost of
the work must be met principally from earnings, as the
amount provided for this purpose by the reorganization
scheme is nearly exhausted.
Prospects.— The prospects for the growth of traffic are
very promising. The opening of the Adena Extension will
give us a large tonDage from coal mines on that line; other
coal urines are now being opened and branch tracks built by
the owners to connect with the Wheeling & Lake Erie. The
Wheeling & Lake Erie Coal Company's mines can largely
increase their output as soon as we can furnish cars to carry
it.
(Several mines are now closed on that account.) New
and important industries are being located on our tracks at
Cleveland and other points, and I look for a very gratifying
increase in our gross earnings for the coming year.
General Manager R. Blickensderfer says in part:
Additions, Etc.— During the year 2,750 tons or 25 miles of 70-lb.
new steel rail was laid to replace old 601b. rail on the Toledo Division,
and 24*82 miles of sidings and traoks to industries were built. On
July 1st, 1900, the company acquired by purchase the Coshocton &
Southern RR. from Coshocton to Zanesville, and the Zanesville Tertraffic at
Earnings. The results lor the four years past and the
balance sheet follow, the Montgomery division being included
in 1899-00
[Vol. LXXIII.
on dep.
:
for coup., etc.)....
Due from railroads,
agents, lnd., etc,
St.L &C.RR.,and
,
Total
Liabilities—
Stock Issued
Stock In treasury...
Total
—V.
73, p. 720, 663.
Wheeling & Lake Erie Railroad.
(Report for the year ending June 30, 1901.
President J, Ramsey Jr. says in substance:
General Results, The gain in gross earnings over the previous year was $284,080, of which $259,973 was on freight;
study of traffic and
operating expenses increased $171,520.
transportation statistics shows an improvement in the average
revenue per ton mile of 4-62 per cent, resulting in an increase in the gross revenue from freight of 12-10 per cent,
with an increase of only 7*21 per cent in ton miles hauled;
and also an improvement in the economical operation, as
there was an increase of 32-35 tons per train mile (from
355-51 to 387-86 tons, or 9-10 per cent).
Necessary Improvements and Additions. The freight equipment of the company is far below the requirements of the
To-day our
traffic which is naturally tributary to the line.
coal and other tonnage is limited only by ability to provide
the cars, and the motive power to move them. We must at
once arrange for at least 2,000 or 2,500 forty-ton coal cars and
20 or 25 freight locomotives, to be paid for under an equipment mortgage running twenty years, with proper sinking
fund provisions. (See report of General Manager below.)
The policy of improving the property by reduction of
grades, substitution of heavy rail and bridges, elimination of
curves, etc., etc., must be continued until we have the property in such condition as to enable us to operate it as economically as any of the roads competing with us can be
operated. This work of improvement must be spread over
several years, as it must be paid for out of the surplus earnings, and therefore must be limited each year to the amount
available from that source. The road is surrounded by railroads owned and operated by the wealthiest and strongest
companies in the oountry, and it must be prepared to carry
—
A
—
1,116,900
1,097,543
Freight train miles
387-86
Average train load (tons)
0-566 cts.
Revenue per ton per mile
Revenue per train mile
$2 19
777,282
Passengers oarrled
20177,996
Passengers carried one mile
68 25
Passengers per train (number)
Mileage of oars (including mail and express) 2,523,647
2 ots.
Revenue per passenger per mile
$6,679
Gross per mile of road
Net per mile of road
$1,984
845,182
16,942,451
63-85
2,394,410
Freight
Passengers
Mall and express
Other sources
$2,408,271
403,087
56,768
85,979
$2,148,298
346,268
53,961
121,497
Total
Operating expenses —
Conducting transportation
$2,954,105
$2,670,024
$1,237,603
393,181
335,281
110,449
$1,134,926
360,286
306,944
102,837
$2,076,514
$1,904,993
Earnings—
Maintenance of equipment
Maintenance of way and structures
General expenses
Total
Per oent of expenses to earnings
Netearnings
35551
0-541
Ct8.
$192
2-04 Ots.
$6,789
$1,945
(70-29)
(71-35)
$877,591
$765,031
income account.
1900-01.
Netearnings
Inoome from Investments and Interest
Total
Deduct Interest on bonds
Taxes
Rentals and miscellaneous
$877,591
44,058
1899 00.
$765,031
40,070
$921,649
$808,101
$542,319
96,751
185,627
$509,117
80,975
8,775
$774,697
$598,867
$206,234
$146,952
FINANCIAL EXHIBIT JUNE 30, CONDENSED FROM GEN. BALANCE SHEET.
1900.
1901
Assets—
$45,324,704
Cost of road and equipment
$48,213,040
228,120
Material and supplies on hand
241,315
462,720
Investments in stooks and bonds
462,721
New equipment in. suspense.
921,129
Additions to property and Improvements..
714,074
account
..
Construction
76,916
1,000,000
Consolidated bonds in treasury
266,000
476,423
on
hand
Cash
612,821
139,307
Due from agents
106.298
8,344
Due from U. S. Post Office Department
8,607
200,615
Due from sundry railroads and Individuals
202,030
1,895
1,895
Due from Paoitlo Express Co
Total
Surplus
,
-
Miscellaneous
Total assets
6,687
3,671
$51,833,538
$47,845,804
November
THE CHRONICLE
16, 1901.]
$20,000,000
11,567,000
$19,000,000
3,4V 0,000
10,210,000
13, 'J67.0OO
l'i.oco.ooo
921,129
371,671
601,791
94.027
26,198
174,186
49,142
1,000,000
641, OH!
474, HH5
032.O91
109,095
47,150
154,354
47,017
3,620
4,136,80it
Bonds outstanding
Bonds Issued to treasury
Bqulpment trust obligations
payable
Vouchers and pay-rolls
Bills
Bundry railroads and Individuals
Interestdue
Interest aoorued, not duo
1'iixen accrued, not due
I
5,1*2
Miscellaneous
Balanoe to oredlt profit and
353,504
206,554
$51,833,533
$47,845,804
loss.
Total liabilities
-V. 72. p. 9J7, 874.
18990.
1898-9.
$2,325,919
1,774,461
$2,120,575
1,560,856
$387,514
16,660
$551,458
$659,719
15,321
14,975
$404,174
$566,779
$574,694
$373,749
cr 30401
57,960
$339,741
57,960
$331,820
cr 2^86
57,960
(3)170,023
d^ss.oos
$5,950
$102,492
1900-1.
Net earnings
Rentals reoel ved
Total net lnoome
Deduct—
Intereston bouds
Other Interest
Rentals
Dividend on preferred stock
Miscellaneous
er.6,Sgj
105
Balanoe, surplus.
•V. 73, p. 957,899.
13
$2,761
St. Joseph & Grand Island Railway.
(Report for the year ending June 30, 1901.
President Bull merely says that the results for the year
have been highly satisfactory and that the property has been
amply maintained, both as to theriphtof way, equipment and
motive power. General Manager Raymond Du Puy says in
The tonnage of oorn fell off 75,890 tons, equaling 32*6 per cent.
This was due to the exceedingly good crops the previous two years and
the general selling by the farmers of their surplus. Notwithstanding
this fact the gross earnings oould have been made to.suow an increase
over the preceding year had it not been thought more profitable to go
oat of the paoking house produot business between St. Joseph and
Kansas City, as our proportion of the current rates would have left ue
no net earnings on that traffic One result of this conservatism is
shown in the average rate per ton per mile, which inoreased from 1-27
to 136, equal to 66 per cent.
Of the total amount saved In operations as against the previous
year, viz., $188,954. the sum of $93,752, equaling 49-6 per cent, was
saved in the item of •'conducting transportation." This has been accomplished without any expenditures for grade reductions and with
preolsely the same locomotives and equipment formerly nsed. The
total revenue train mileage in 1901 was 770.181 miles, a decrease of
258,690 miles, or 26-1 per cent compared with 1900. With such a
marked reduction in train mileage It was found to be entirely consistent with the best interests of the property to somewhat curtail "maintenaoe of way" and ''maintenance of equipment" expenses. This curtailment, however, was not actually as large as it would seem to be.
* * * All material and supplies bought have been obtained at reduced
figures compared with the preceding year; in some oases the saving has
been as high as 75 per oent.
The earnings per freight train mile in 1900 were $1 94; in 1901 they
were $2 70, an increase of 390 per oent. The earnings per passenger
train mile increased from 0*68 in 1900 to 0*74 in 19ul, equal to ^7-6
per cent. Daring the year 5*2 miles of 60 lb. steel rails have been laid
and charged to rail renewal account, whioh is an operating aooount.
The old lighter rails released have not yet been sold.
expect to
put down about 20 miles of new rail next year. Seven wooden bridges,
aggregating 249 lineal feet, are in process of replacement by permanent stone culverts with earth filling, and the entire cost is being
charged to maintenance of way.
Average tons per freight train: In 1901, 199; in 1900, 153 ; in 1899
124.
•
We
Statistics.
— The results for four years have been as follows:
190001.
812
$
1899-00.
222,879
1,076,148
100,930
216,595
1,094,431
93,668
179,696
993,784
87,580
156,654
986,880
88,974
1,399,955
1,404,694
1,261,060
1,232,508
147.633
82,978
518,138
62,906
209,370
125,752
611.890
53,597
184,414
124,068
563,164
41,005
209,620
106,461
397,764
33,82*
811,655
1,000,609
912,651
747,669
(57-98)
(71-23)
(72-37)
(60-66)
484,830
Average miles operated...
Earnings—
Passenger
Freight
Mall, express, etc
Total earnings
Expenses —
Maint. of way...
Malnt. of equipment
Conduot'g transporta'n...
General
Total
of exp. to earnings..
Net earnings
Disbursements —
Interest on cuds
0.
1.
Taxes
Miscellaneous
Dlv. on first pref
404,085
348,409
105,000
82,48s
105,000
78,800
87,500
70,000
75,073
76,197
39,991
10,780
164,928 (5)274,880
462,896
125,404
1901.
Ass<ts—
I
equipment, etc,17 ,225,452
Cash
282,001
agts.&c
55,321
17,226,459
8H.U10
64,247
'77,839
82,898
8,188
4,111
S.073
foreign
roads
Due from U.S.P.O
Materials
1900.
I
Indiv's
and companies.
Due from
&
sup-
plies
Miscellaneous
Total
-V.72, p. 1136.
83,024
1,(586
91,609
1.449
.17,733,610
17,591,756
...
1897-98.
312
$
688,300
(3)
350,376
53,709
BALANCE SHEET JUNE
Cost of road,
1898-99.
312
$
528
1,648
(5)274,880 (3) 164,928
Total
Surplus for year.
Due from
Due from
SO, 1901.
President L. J. Forget says:
;i:NBUAL Results.— The past year's boslneca shows a net profit of
$649,261, as compared with *047,i:4o for the previous year. Out of
this amount four quarterly dividend! of 2 Hi per 04 Dt each have been
.leelared, leaving a surplus of $97,55'J, of which amount tin- run
$?>0,000 has been added to the contingent account, and Hie balance,
$47,551, has been added to the surplus account. An amount of $23,277, expended during the year on special rem wais, ha- been chai
against the contingent account. The roadbed, ru ling stock, buildings and other property have been elliolently maintained.
While
the Increase In the business has been most Satisfactory, the operating
expenses show an Increase of 1 1-32 per cent over last year. This increase is mainly due to the Inoreased oost of coal and Increased expenditure required for the maintenance of the roadbed and rolling
1
Additions —One quarter (1,250 horsepower) of the power contracted for with the Montreal <fe 8t. Lawrence Light & Power Co. (formerly the Chambly Manufacturing Co.) has been in successful operaMachintion at William St. power-house slnoe the, 26th of March last
ery to accept the balance of the power contracted for is on order and
will be delivered and installed early next year. The buildings to reoelve the same are at present under construction. In addition to this
eleotrloally-d riven plant, your company has purchased and installed
two steam units, oanable of developing 3,000 horsepower. In doing
so the dlreotors have established the policy of having duplicate plants,
capable of meeting all contingencies, and providing for the Increase in
the company's business. The rolling stook has been Increased during
the past year by the addition of 31 motor oars, fully equipped; also
one rotary snowplow with equipment.
On the 20th of June last the company purchased certain bonds and
stook of the Montreal Park & Island Hallway Co., which purchase was
subsequently ratified at a general meeting of shareholders held on
July 10. The company has obtained franchises from the municipalities of St. Louis and St. Paul, thereby adding a large and valuable territory to Its main system. During the past year the company has
paid the City of Montreal the following amounts: Tax on earnings and
other taxes, $94,776; on acoountof snow clearing, $79,172, making a
total of $173,948.
Results for four years were as below given
1899-00.
1898-99.
1&O0-O1.
1897-98.
Passengers carried.. 46,741,660 43,362,262 40,186,493 35,353,036
Transfers
..14,215,784 13,194,974 12,060,857 10,508,603
Gross reoeipts
$1,900,680 $1,769,905 $1,660,776 $1,471,940
Operating expenses. 1,105,267
992,925
912,950
764,884
P. o. of oper. expen(55*23)
(56 34)
(5215)
ses to car earnings (58-52)
.
part
P.
(Report for the year ended September
stock
Iowa Central Railway.
(Statement for the year ending Jane SO, 1901.)
The earnings for the last fiscal year compare as follows:
$2,284,123
Gross earnings
Operating expenses and taxes.... 1,898,609
Montreal Street Railway.
1900.
1901.
Liabilitiesstock
Finn preferred stock
Second preferred stock
Common
1059
339,181
9,228
1901.
Liabilities—
Pay-rolls
Due to other cos.
Interest on bonds
Accrued taxes ...
Renewal accts
Miscellaneous....
Divideuds
Profit* loss, sur.
3;, 120
77,447
54.420
30,007
37,170
16,019
137,440
220,647
....17,733,610
$795,413
$146,162
551,700
50,000
$776,980
$129,732
512,500
50,000
$747,826
$707,055.
$116.95f»
$105,351
462,917
Total
Surplus
$747,862
$47,551
$692,232
$84,747
$645,288
$102,538
478,333
50,000
FINANCIAL STATEMENT TEAK ENDED
1900.
$
t
3,*39,814 3,102,843
2,839,764 2,555,365
8EI"T. 30.
1901.
Assets—
Constructs, etc.. ..
Equipment, etc
Real estate & buildings
Mon.
P.
&
1,588,739 1,557,785
I.
Accounts receivable. 61,789
Cash
bank and on
dacd
326,958
Cash on deposit with
Montreal
..
25,000
city of
Balance new stock
67,194
call unpaid
48,256
43,398
'i
Total assets
V. 73, p. 957, 82.
1901.
1900.
$
I
Liabilities—
Stock paid up
6.000,000 5,497,055
973,333
Bonds
973.333
Mortgages
6,0;<5
0,035
Bank of Mon. loan..l,lC0,000
103.H16
69,588
Accts. and wages
5,15'J
5.160
Int. on bonds
93,00
Tax on earnings.
86,088
7,o<;7
7.119
Kuiploves' securit's.
1.V57
1,967
Unclaimed divi'd's. .
10.942
Unredeemed tickets. 18.338
49,063
63,608
suspense accounts..
Mon. P. & 1. Ky
9.267
135.000
Dlv. Nov. 1st
139.200
191.056
164,333
Contingent account
600.319
007,8.0
Surplus
'
Ry.
stock and bonds.. .1,105,485
70.620
Stores ..
...
i
$568,268
$138,787
178,317
26.000
.
.
9,320,363 7,570,965
Total
liabilities. 9,320,363 7,570,965
American Cotton Oil Company.
(Rt port for the year ending Aug.
31, 1901. J
of this company for the fiscal year ending Aug.
1901, has been issued and is published on pages 1065 and
1066. It embraces the remarks of George A. Morrison, Chairman of the board of directors, and details regarding the
The report
31,
property and the results of the year's operations. The following comparison for four years has been prepared for the
Chronicle:
PROFITS AND DISBURSEMENTS.
1900-01.
Net profits above
1899-00.
1897-98.
1898 99.
$
adminlst'n exp.;
1,314.221
1.637,815
depreolat'n.&o.
1,497,183
1,091,857
Dlvs. onpref....(6%)611,916
(6%)611,916 (6°6)61),916 l
Divs. oncom....(2%)404,742 (3s%)708,299 (4*6)809,484 (3%)607,113
all interest;
(
8urplue
PrevlouBBurplus
75,199
6,520,745
176,968
6,343.777
Totalsurplns
6.595,944
6,520,745
BALANCE SHEET ADGDST
1901.
AssetsReal estate,
etc., eto
Cash
Bills
&aoots.reoelva
,
e..
1900.
Willie
216,415
6,227.330
P5.192
6,157,808
6,443,744
6,253,000
31.
1899.
1898.
$
$
$
$
11,606,080 11,533,004 11,435,548 11,352,480
885,019 1,509,019 1,845.905
517.909
2,144,046 1,846,564 1,720,909 1,229,160
Products, raw material,
4,221,549 3,685,275 3.359,213 3.200.038
etc.. available
Good-will, patents, etc.. .16,998,925 17,074,125 17,151,126 17,341,869
30.
Stock outstand'g
(See Inv. 8up.). 13,627,000
Bouds outstand'g 3,5'Ji\000
Audit'd vouchers
84,711
Total.
461,068
23,762
Net earnings
Fixed charges
Dividends
Contingent fund
1900,
$
35,488,509 35,023.987 35,175,815 34,969,452
$
$
$
Common stook
20,237,100 20.237,100 20,237,100 20.237.1CO
Preferred stock
10, 198. COO 10,198,600 10.198, 610 10,198,600
Debenture bonds
3,000.000 3,000,000 3,Ob8,O0O 3,068,000
Bills payable
1,000,000
532,228
562,324
536,219
380,859
Commercial accounts....
20,4f>3
11,707
20,453
11,250
Accrued interest
913,071
710,700 1,014,256 1,115,443
Dividends
Total
13.&27.W
3,500,000
107,272
31,051
65,005
1
65,0m. )
34.932
S0.1KI8
14,958
54,970
89.S7U
Liabilities
—
Total
17.661.766
-V.
73, p. 1012,901.
35,488,509 35,023,987 35,175,815 84,969,452
THK OHKON1CLE.
1060
American Malting Company.
(Report for the year ending August 31, 1901.
i8 signed by Robert M. Gallaway, Chairof finance committee; Louis L. Stanton, Treasurer, and
The annual report
man
Frederick Uhlmann, Chairman of board. The report says in
eubstance:
The committee reported net earnings for the fiscal year
ended Aug. 31, 1900. of $123,000, from which $100,000 was reserved and has been virtually all applied to " losses on old contracts." During the fisoal year ending Ang. 31, 1901, the
earnings of the company were:
RESULTS FOR VBAR ENDED AUG. 31, 1901.
1'roflt on malt, barley and other farm products manufactured
and dealt In, over and above all expenses and malntenance.$721,977
$17,727
240,000
80,989
Deduct.— Interest on underlying mortgages
Interest on $4,000,000 mortgage bonds
....
Taxes
$338,715
$383,261
Total deductions
Net surplus
This reduces the deficit of the company to $1,012,426 from
Daring the
$1 ,895,688, as shown in balance sheet annexed.
year ending Aug. 31, 1901, the company also derived from
sales of various pieces of unused property §107,654, of which
$94,500 (net) was from sale of property, 48th St. and East
River, N. Y. City. Of this amount $101, 8U0 was deposited
in the sinking fund, and, with the interest thereon, was used
in September 1901 to purchase and cancel $107,000 of the
company's mortgage bonds, reducing the amount outstanding to $3,893,000. In addition there has been paid off $115,000 of underlying mortgages, which are now reduced to $256,000.
The report also says:
While, owing to the above transactions, plants and goodwill account was reduced by the sum of $154,154, nothing has been written
off for depreciation. The company owns some plants which are useless for malting purposes, and are not covered by Its general mortgage. The sale of these from time to time will provide funds applicable to redeem more bonds, and such transactions will be treated In
diminution of plant andgocd-will account. The operating and gen
eral expenses of the company were less by $125,821 than for the year
[Vol. LXXIII.
Of the acreage as above 72, 126 acres were classed as "improved" on Aug. 81, 1901, an against 61,203 acres on Aug. 31,
1900.
In addition to its landH owned, thw company held
under lease 24,134 acres in 1901, against 23,807 in ltOO, (all
in Jamaica, except 1,000 [acres in Costa Rica) making the
total of all lands owned and loused at the end of the year
262,425 acres, agaiEst 236.201 on Aug. 81, 1900. Of these last
totals, 77,055 acres and 66,294 acres, respectively, were " improved." The nature of the crops raieed on these improved
lands was as below:
COM ANY'S VARIOUS CULTIVATIONS ON AUO. 31.
I
Ai-i
,
I,
noi.
Bananas
Oranges
A era.
38,4<;:j
315
IMiHinpleB
318
29
Sugarcane
Cocoanuts
7,860
1.H50
Coffee
H
17
7.803
1,842
Cocoa
115
68
256
The
Acres.
Acres.
1900.
1901.
1000.
4t), 15.5
Rubber
807
58
145
2,734
3,439
14,072
11360
Tot. n umber of acres 77.055
06.294
Para irraos
Qaluea irrass
Past urea, etc
2,4
8.417
.
book cost of the company's various classes of
property on Ang. 31 was as follows
BOOK COST OF COMPANY'S LANDS, ETC., AUO. 31.
total
:
$
Cultivations
2,019,688
Livestock
411.175
Tools A machinery. 153,352
Railways
1,023,311
s
7,704,347
610,244
1,623.557
393,820
119.352
1,253.428
1P00.
190L
1900.
1901.
Lands
8.129.462
Houses A bnildinga 723,773
t
I
Telephones
86,659
Wharves, llght'rs,Ac.820,667
Mercn'ndlse (stores) 446.792
Sugarmill
824.292
Total
"4,o»;7
3w.!*;9
32W.651
304,936
14,137,921 12,827,871
Total head of cattle Ang. 31, 1901, 11,527, against 11,945 in
1900 horses and mules, 2,226, against 1,977 miscellaneous,
Railways owned, 90 miles, against 112
258, against 244.
miles in 1900, 26 miles in Costa Rica having been sold to the
Northern Ry. Co. (See President's remarks on pages 1066 and
1067, also bond offering in V. 71, p. 1067.)
The income account and balance sheet follow:
INCOME ACCOUNT FOR YEARS ENDED AUO. 31, 1901 AND 1900.
1901.
1900.
Net earnings arising from the produotlon and importation of tropical
fruits, and from all other operations..
$1,304,027
$1,594,670
Earnings of sub companies
def. 52,051
219,140
;
;
previous.
The oompany begins its present fisoal year with net working oapital
(including malt and barley, $1,550,722) of $1,889,87 1, the quiok assets
being all worth the stated value. The inventories ($1,550,722) of malt
and barley have been taken at cost, whioh is in both oases below the
present market. All the malt is aotually sold for future delivery at
better prioes than inventoried. Plants have been kept In full repair,
the outlay being oharged to general expenses.
Total
Deduct Int., oommis. and misc. charges.
Balance, net inoome
Dividends paid
Balance
$1,251,976
'153,419
$1,813,810
242,016
$1,098,557
$1,571,794
(9%)1,084,767(10%)1,119,258
$13,790
$452,536
1,150,144
697,608
"After careful consideration the directors have concluded Surplus Inoome at close of previous year
that it would not be opportune at present to submit a plan
L, 163,934
Balanoe, surplus
$1,150,141
of reorganization, but recommend that the stockholders recharges,
commissions
and
miscellaneous
eharges,
'Interest
$171,528;
quest the incoming board to do so.
>0,05l; total, $221,580; less interest and miscellaneous credits, $68,"The Western department, notwithstanding open competi- $161;
balance, $153,418.
tion on the part of former directors and officers, has booked
Dividends
October, 1899, to April, 1901, both inclusive, 10
orders for the current year (two months) for a quantity of
annum; July, 1901, and since, 6 p.c per annum.
per
cent
per
malt largely in excess of the same period last year. In the
BALANCE SHEET AUG. 31.
year 1900-'01 the company purchased all its material for cash.
1901.
1900.
AssetsTo do this it never at any one time owed over $1 ,000,000. All Plantations and equipment
$14,137,921 $12,827,871
its loans were promptly paid at maturity (some even durCash
1,128,041
1,237,008
ing the financial panic of May, 1901, being anticipated), The Accounts colleotible
1,788,467
1,335.779
188,411
235,097
result of this has been to establish a high credit for your Advance payments
=
Stocks of other companies
Miscellaneous Investments
company."
CONDENSED BALANCE SHEET.
Assets—
Plants and good-will...
Securities of other companies
Cash
Accounts and bills receivable
Taxes and insurance
|
Inventories
Profit
and
losf (defioit)
Total assets
Liabilities—
Capital stook— preferred
Aug. 31,
Aug. 31,
Dec. 31.
1901.
1900.
1899.
$
$
S»
27,191,903
x26,500
xl,642,345
xl,730,750
x37,453
xl,550,722
1,012,426
27,3*6,057 27,321,308
26,500
16,500
1,710,285 *3,838,926
1,448,171
1,657,555
37,993
1,435,704
2,515,069
1,395,688
1,389,400
33,192,100
33,400,396
36,738,758
14,440,000
do
do —common
14,500.000
First mortgage bonds, 6 per oent. §3,893,200
Underlying mortgages
256,000
Bills payable
Accounts payable
x4,257
Unpaid taxes
X33.643
14,440,000
14,500,000
4,000.000
371,000
29,396
14.440,000
14,500,000
4,000,000
371,000
3,391,5(0
16,258
x60,000
eoio'ob"
20,000
33,192,100
33,400,396
36,738,758
Accrued Interest on bonds
and loss (surplus)
Total
Includes $3,600,000 net proceeds of subscriptions to $4,000,000
bond issue. § After deducting $101.8^0, which, with accrued interest,
was u*ed to redeem and cancel $107,010 bonds in Sept., 1901. x Included in calculating net working capital, $4,889,871, as above.— V.
73, p. 233.
1,244,096
117,089
Total
$18,469,490 $16,949,754
Liabilities—
Capital stock
$12,369,500 '$11,382,100
Boston Fruit Co. 6s
85,000
55,000
Advance payments received on $3,000,000
convertible bonds
2,875,000
al,325,000
3,500,000
Coupon notes
369,626
556,317
Acoounts payable.
176,628
Drafts and. acceptances.
253,631
Unclaimed dividends
Due insuranoe fund
Drawn bonds
Interest aoorued.
Profit
1,073,047
106,917
Income aocount, surplus
Total
1,366
10,584
1,000
44,850
1,163,933
3,573
6,792
89,200
1,150,144
$18,469,490
$16,949,754
a Paid at maturity Oot. 1, 1901. * Includes $152,100 advance payments on subscriptions to oapital stock.— V. 73, p. 794, 495.
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
American Railways Co. Dividend Increased.—Tne directors on Wednesday declared a quarterly dividend of 1%
per cent, payable Dec. 15, thus increasing the annual rate
from 4 to 5 per cent. The "Philadelphia News Bureau"
says that the earnings statement laid before the board showed
about $75,000 net earnings for the quarter ended Sept. 30,
1901, or equal to 8 per cent per annum on the $3,750,000
United Fruit Company.
(Report for the fiscal year ended Aug. 31, 1901.
The remarks of President Andrew W. Preston on pages
stock.—V. 73, p. 1008, 6-15.
1066 and 1067 of to-day's Chronicle contain many particu- capital
Arkansas Southwestern Ry.— Acquisition.— The company,
lars respecting the property and its business.
Further facts
successor of the Southwestern Arkansas & Indian Territory
from the report follow.
The first table shows the location of the lands owned by Ry., has acquired the Ultima Thule Arkadelphia & Missisthe company and the value (book cost) of its plantatiocs and sippi Ry., extending from Daleville to Camptown, 43 miles.
A new branch has been opened from Grurdon Junction, Ark.,
their equipment
to Gagetown, Ark, 28 miles, making total mileage of road
LOCATION AND BOOK VALUE OF PROrERTT OWNED AUG. 31.
owned and controlled 105 miles. William Grayson of St.
^Plant's <£ equip., book cost.—*
<— Total acreage.—.
Louis is President. V. 70, p. 895.
1901.
1901.
1900.
1900
CostaRica
91,412
89.192
$5,349,221
$5,750,919
Athens (Ga.) Electric Ry.— Mortgage.— The company has
Cuba
72,330
4,151,834
60,330
2,888.308 made a mortgage to secure $400,000 bonds.
Honduras
soo
52,274
800
45,628
Jamaica
29,079
2,328.664
29,037
2,309,708
Atlantic Coast Electric RR. of Long Branch, N. J., Etc.
San Domingo
20,679
2o,000
501,939
490,624 —Default— Default was made Nov. 1 on the $800,000 first
Repub.oi Colombia. 24,291
13,035
1.753,989
1,312,154
mortgage 5 per cent bonds. W. E. Benjamin, 32 Broadway,
T °tal
233,291 212.394
$14,137,921
$12,827,371 the President of the company, says:
—
November
10,
THE CHRONICLE.
1901.]
ud
ftllO
The earnings have not been sulllolent to meet the Ohargei
provide the cash to meet necessary expenditures for betterment! and
depreciation. The stockholders have become tired or advancing money
for these purposes and it was decided to default on the November
ooupon. A considerable floatlutf debt has been Incurred and It will be
neoessary to reorganize the finances. A plan.lt Is expected, win be
formulated In the course of a week or so.
Francis Ralston Welsh, 328 Chestnut St., Philadelphia,
requests all the first mortgage bondholders to communicate'
with him, "statiDg amount and numbers of bonds held, in
order that an organization for mutual protection may be
promptly formed.— V. 65, p. 867.
Atlantic & Danville Ry.— Listed.— The New York Stock
Exchange has listed $750,000 additional first mortgage 4 per
cent gold bonds of "1948, making the total amount listed to
10<>1
ML—flee
Kuiihus ( ity * Northern Connecting
City Peoria & Chicago Ry.—V, 78, p. 967, 848.
Kansas
Kansas City Peoria & Chlcugo^lty.— Successor Componth—
Consolidation. This company has been incorporated in Missouri with $3,945,000 of authorized capital stock to opt-ia'
railroad from Kaunas City, Mo., to Qulnoy, 111., arid branch,
203 miles in all. The incorporators Include John W. Gates,
Max Pam and William J. Calhoun of Chicago, for whom the
Northern Connecting RR. was recently purKansas City
chased at foreclosure sale. (V. 73, p. 957.) The new company is clearly intended to take over the property of that
company, the Qnincy Omaha & Kansas City and the Omaha
Kansas City &'Eastern, forming the through line, above men-
—
&
foreshadowed in V. 73, p. 662. There have been
rumors from time to time of plans for carrying the line furAtchison Topeka & Santa Fe Ry.— In Possession.—Pos- ther east (to Cincinnati, Toledo and Ironton, O.,) by some
session of the Santa Fe Prescott & Phoenix Ry. was taken sort of an arrangement with the Cincinnati Hamilton &
Dayton Ry., but they are denied so far as a consolidation or
on Nov. 8.— V. 73, p. 1009, 898.
date 13,925,000.
See T.
—
Boston- & Maine RR.— Bonds Approved. The Massachu
setts Railroad Commission has approved the issue of $1,000,000 20- year Z% per cent bonds in connection with permanent
improvements on the Lowell & Andover, Stony Brook, Manchester & Lawrence, Connecticut & Passumpsic River, the
Northern and the Worcester Nashua & Rochester railroads.
See V. 73, p. 783.-V. 73, p. 1009, 1007, 783.
Central of Georgia Ry.— Listed.— The New York Stock
Exchange has listed the $1,840,000 Chattanooga Division purchase-money 4 per cent gold bonds of 1951.—V. 73, p. 840, 662.
Chatham & Lebanon Talley RR.— Moi -tgage.— This coma mortgage for $500,000 to the Standard Trust
as trustee.— V. 73, p. 899.
Chicago Burlington & Qnincy RR.— Control.— See Northern Securities Co. below.
Directors. Through a misunderstanding the annual meeting was again adjourned, this time until Nov. 21, but the
new board of directors is reported to be as below. Mr. Norman B. Ream, it is said, may succeed Mr. Harris as a director:
Francis W. Hunnewell of Boston; President George H. Harris of
pany has
Co. of
filed
New York
—
Chicago; Charles E. Perkins of Burlington; E. H. Harrlman, Jacob H.
George J. Gould. H. McK. Twombly and Robert Bacon of New
York; James J. Hill and James N. Hill of St. Paul and J. Malcolm
Forbes of Boston.-V. 73, p. 1010, 899.
Sckiff,
Choctaw Oklahoma & Gulf.— Listed in Philadelphia.—
The Philadelphia Stock Exchange has listed $800,000, the additional
31,
common
making
tioned, as
73, p. 956, 722.
stock issued as a 10 per cent dividend Oct.
total listed to date $8,800,000.— V. 73, p. 783, 722.
—
Cincinnati Hamilton & Dayton Ry. See Kansas City Peo& Chicago Ry.— V. 73, p. 839.
Cincinnati New Orleans & Texas Pacific Ry. Suit to
Restrain Extension of Lease.— See "Cincinnati" in "State
and City Department," page 1074 of to-day's Chronicle,— V.
ria
73, p. 1010, 722.
purchase
is
concerned.
Lake Shore & Michigan
Ry.— Quarterly. —
Sonthern
Earnings for the quarter and the nine months ending Sept.
30 were
3moi.end.
Net
earnings.
Other
income.
Interest,
taxes, etc.
Balance,
Sept.30
$2,966,108
2,958,179
$304,920
267,570
$979,920
1,047,571
$2,291,108
2,178,178
9 mos.
1901
$21,484,239 $8,080,530
1900
19,361,368
8,002,909
$822,797
411,456
$2,847,797
2,901,357
$6,055,530
5,513,008
1901
1900
Gross
earnings,
$7,795,021
6.632,986
—
— V. 73, p. 663, 391.
Ligonier Valley RR.— Newspaper Report Denied. — Replying to our inquiry as to the truth of the newspaper report
that the road or its securities had been acquired by the Pennsylvania RR. Co., T. Mellon & Sons of Pittsburg, Pa., the
owners of the Ligonier Valley road, reply
"Not true. No
sale; no negotiations."
Little Kanawha RR.— SbZd.— President Jackson confirms
the report that this road has been sold, but pronounces as
not correct the statement that the sale was "to Stephen B.
Elkins, representing a syndicate for $1,250,000, of which $1,000,000 was paid clown and the remainder is to be paid
:
Nov. 10
"
West Virginia Central & Pittsburg denies
the purchaser. The general impression,
however, has been that the Elkins syndicate, which is back
of the road, had a hand in the purchase. A special dispatch
to the Baltimore "Sun" on Nov. 7 said:
The Little Kanawha RR., which is to be one of the links in the Gould
Elkins trunk line from the Seaboard to the Great Lakes, was to-day
An
officer of the
that his road
is
formally transferred to the new owners. J. T. Blair, of Greenville, Pa.,
had the option and conduoted the negotiations. The price paid was
$350,000, and all indebtedness of the road was wiped out. The
read will be extended to a connection with the West Virginia Central
and the Ohio & Little Kanawha roads, work beginning before winter
sets In. Blair and his associates have options on over 70,000 acres
along the proposed extension.— V. 72, p. 776.
Cleveland Cincinnati Chicago & St. Louis Ry.— Called
Bonds. The following Cincinnati Indianapolis St. Louis &
Chicago consolidated 6 per cent mortgage bonds have been
drawn, viz.: Nos. 1118, 451, 399, 208, 602, 515, 728; interest on
said bonds will cease May 1, 1902, and the bonds will be taken
up at 105 per cent and accrued interest to said date. V. 73,
Manhattan Rj.— Quarterly.— Earnings for
ending Sept. 30 were:
p. 956, 497, 491.
port on page 1057.— V. 73,
Cleveland City Ry.— See Cleveland Traction Co. telow.—
V. 73, p. 184.
Cleveland Electric Ry.— See Cleveland Traction Co. below.
listed."
—
—
—V.
73, p. 31.
Cleveland (0.) Traction Co.— Incorporated.— This company has been incorporated with nominal ($1,000) capital
stock. Incorporators
Frank DeHass Robison, M. S. Robison, L. A. Russell, F. E. Gentsch, F. B. Gott.
The "Cleveland Leader" quotes Mr. Robison as saying
It Is a little early to discuss plans, but it can be said that we will
build at least four lines. Two will be cross-town lines and two will
surplus.
3 mos. ending
Sept.
30—
1901
1900
Gross
earnings,
$2,093,'z77
J,889,601
Dividends of
1
Xet
earnings,
Other
income,
the
Interest,
taxes, etc.
quarter
Balance,
surplus.
c
$191,287 $fc32,3 >l $340,083
192,362
626,924
218,328
per cent call for $4*0,000 quarterly. See re$781,147
652,890
p. 336, 138.
Mexican National RR.— Certificates of Deposit on "UnThe certificates of deposit of voting trustee certificates of stock, 1st mortgage 6 per cent bonds, second income
series A, second income series B, and income bonds of 1937,
—
have been admitted to quotation in the unlisted department
Exchange.— V. 73, p. 900, 843.
Michigan Central RR.— Bonds Offered.— J. P. Morgan &
Co. offer this week at 10734 « D d interest $2,000,OCO of 3J£
per cent 50-year gold bonds secured by first mortgage on the
Jackson Lansing & Saginaw RR principal payable Sept. 1,
1951, interest March 1 and Sept. 1, coupon bonds of $1,000
run east and west, one on the east side of the river and the other on
These bonds rethe west side. We expeot to enter into aotive competition with the each, bearing interest from Sept. 1, 1901.
older oompanles and will carry passengers for less than rive cents. placed $1,661,000 of 5 per cents due Sept. 1, 1901, and provide
Before we get through we will have about 80 miles of track running for improvements. The new mortgage, dated Aug. 1, 1901,
through 40 miles of streets. I anticipate little trouble In securing
is made by Michigan Central in connection with the Jackson
rights of way for the entire distance. We will probably have things in
Lansing & Saginaw RR. It secures the $2,000,000 of bonds
shape so as to begin work on the tracks during the ooining-year.
Detroit United Rj.—New Mortgage Authorized. The di- issued by the Michigan Central, as a first mortgage on the
rectors on Nov. 9 ratified the syndicate plan noted in the main line of the Jackson Lansing & Saginaw RR., between
Chronicle of Sept. 14, page 553, and authorized the making the city of Jackson, Mich,, and the Straits of Mackinac (295 l
of a mortgage for $35,000,000 to take up the $12,500,000 miles), and two branches, respectively 27'8 and 27 5 miles in
capital stock on the basis already announced (page 553) to length, making a total mileage of 350*4, bonded at lees than
retire the underlying bonds and the guaranteed bonds at $3,000 per mile. The J. L. & S. is leased in perpetuity, its
maturity and to provide for extensions and improvements. $2,000,000 stock receiving dividends of Z\'2 per cent per anThe reduction of the total amount of the mortgage from num. See further particulars in advertisement on another
$50,000,000 (the limit originally suggested) to $35,000,000 fol- page.— V. 73, p. 616, 337.
lows a modification in the plan of the syndicate, omitting
Muskegon Grand Rapids & Indiana RR.— Payment of
from the consolidation scheme various companies which, Overdue Coupon. — First mortgage conpon No. 27, due Jan. 1,
when the plan was issued, it was thought would be taken 1910, is now being paid through Winslow, Lanier & Co. A
over.— V. 73, p. 957, 558.
statement of the net income applicable to interest shows
Surplus May 1, after paying coupon 26, $4,741; net earnings. May
Great Northern Ry.— Exchange of Stock.— See Northern
1. 1901, to Aug. 31. 1901. $17,911; deduot amount required to pay
Securities Co. below.— V. 73, p. 903, 895.
coupon No. 27, $18,750; surplus as of Sept. 1, 1901, $3,901.— V. 72, p.
Hudson Yalley (Electric) RR.— Mortgage.— The company 1188.
has filed its new mortgage for $4,000,000 to the Merchants'
Nashville Ry.— Sale.— A decree of foreclosure under the
Trust Co. of New York, as trustee.— V. 73, p. 899.
first consolidated mortgage was entered in the United States
Iowa Central Ry.— Lis ted. -The New York Stock Ex- Circuit Court at Nashville on Nov. 11. The upset price is
change has listed the $2,000,000 refunding mortgage 4 per $1,000,000.—V. 73, p. 1011, 957.
cent 50-year gold bonds of 1951. See full description, V. 73,
New York Central & Hudson River RR.— Tunnel Imp. 899; also report on page 1059.— V. 73, p. 957.
provement, — Various property owners along Park Avenue
of the Stock
:
.
,
—
f
§
:
THE CHRONICLE.
1062
are objecting to the plan for enlarging the ventilator openings in the Park Avenue tunnel. The intention was to try
the efficacy of the improvement on the first ten blocks north
of the yards of the Grand Central station before carrying
the work further. The nature of the change is as follows:
The tunnel, as at present oonstruoted, includes one central doubletraok tunnel, open at the top, and one single track tunnel on each
side, ventilated only by small apertures Into the central tunnel. Kaon
of the three Is roofed with an arch of masonry. These arches will, to
a large extent, be removed, and a rectangular oonstruotlon of steel
girders will be substituted. The masonry walls between the aide and
central tunnels will also be knocked out and steel oolumnR substituted
at intervals of 17 feet, making all four traoks open to ventilation from
above.-V. 73, p. 790, 785, 779.
New York
Chicago
&
St.
Louis
RR.— Quarterly.— Earn-
ings for the quarter and the nine months ending Sept. 30
were:
3
Balance
Gross
earnings.
Net
earnings,
Other
income,
Interest,
lazes, etc.
$1,905,606
1,805,684
$i02,0B4
532,944
$5,834
527
$3i8,t21
299,896
surplus
$89,277
233,575
$5,488,189
5.119,406
V. 73, p. 616,287.
$1,360,146
1,290,514
$18,090
14,848
$933,863
903,519
$444,374
401,843
7)io8.
end'g
Sept. 30.
1901
1900
9 mos.
1901
1900
—
New York New Haven & Hartford RR.— Quarterly.
Earnings for the quarter ending Sept. 30 were
—
:
3 mos. end'g.
Sept. 30.
Gross
earnings.
Net
earnings,
Other
income,
Interest,
taxes, etc.
Balance,
surplus.
1901
1900
$11,207,297 $4,010,853 $68,798 $2,036,452 $2,043,199
1,790,6*1
10,389,506
3,759,493 44,023 2,012,835
Equipment. The company recently ordered 30 locomotives
and l.loO freight cars, largely for replacements. The new
equipment will be paid for out of surplus earnings. Further
purchases of rolling stock are proposed. V. 73, p. 721, 616.
—
—
—
[Vol. LXXiri.
The new Chicago Burlington
Iowa will lease and operate the old
Chicago Burlington & Quincy Railroad; the stock of the
railroad company will continue to be owned by th« Great
Northern and Northern Pacific, subject to the lien of the
the terms
&
of
exchange.
C^aincy Railway of
trust deed securing the joint collateral trnst 49 of 1901.
OlJicers.
The following officers and directors have
elected
—
been
:
Oflloers: President. James J. Hill; Vloe-Presldent, John 8. Kennedy;
Second Vice President, George K. Baker; Third Vice President, D.
Willis James; Fourth Vice President, W. P. Clough; Secretary and
Treasurer, E. T. Nichols; General Counsel. W. P. Clough.
Directors: 1). Willis James, Samuel Thome, James J. Hill, E.
T. Niohols, George F. Baker, Robert Bacon, George W, Perkins, Daniel
8. Lamont. E. H. Harrlman. Jacob H. Soblff, James Stlllman, W. P.
Clough, George C. Clark, John 8. Kennedy and N. Terhune.
Of the board Messrs. Hill, Kennedy. Clough, Nichols
and Terhnne are either directors or officers of the Great
Northern Railway system, while Mr. James and Col. Lamont
are friends of Mr. Hill. Messrs. Harriman, Schiff and Stillman represent the Union Pacific interests and Messrs. Biker,
Bacon and Perkins represent J. P. Morgan & Co. The Great
Northern interests are accorded a leading position in the management because a preponderating amount of the stock
will go to the Great Northern shareholders. It is affirmed
emphatically, however, that the object of the new company
is unity and not division of interests, and that the intent
was not to allot so many directors to the Union Pacific
so many to the Great Northern and so many to the Northern Pacific, "but rather to form the strongest and most harmonious combination possible, representing the joint interests
involved."
Northwestern Elevated RR. of Chicago.— Bo nd Sale.—
The company, it is reported, is arranging to offer to the
New York Ontario & Western Ry.— Quarterly, Earnings
for the quarter ending Sept. 80 were:
3 mos. end'g
Gross
Net
Other
Interest,
Balance,
Sept. 30.
earnings,
earnings, income,
taxes, etc.
surplus.
19U1
$1,605,809 $573,766 $63,375 $269,8/3 $i67,26;<
1900
1.357,855
293,421
512,375
66,715
285,669
stockholders about $4,000,000 of its new 4 per cents to provide for the payment of such of its 5 per cent bonds as have
not already been purchased. About $1,000,000 of the 4 per
cent issue [of $15,000,000], it is claimed, will remain available
for improvements upon completion of the refunding.— V. 73,
—V.
p. 957, 841.
73, p. 501, 492, 338.
Northern Pacific Ry.— Retirement of Preferred Stock.—
Agreeably with the sale noted last week of the majority
holdings in the stock by the Harriman-Kuhn, Loeb & Co.
interests, in consequence of which their opposition to the retirement of the preferred shares was withdrawn, the directors on Wednesday voted unanimously to call the preferred
stock for redemption. Formal notice is therefore given in
another column that the entire issue ($75,000,000) will be retired at par, upon the first day of January, 1902, at the office
of the company, 49 Wall St.
Convertible Debentures— Right to Subscribe. The directors
also voted to provide the funds necessary for the payment of
the preferred shares by the sale at not less than par of $75,-
Omaha Kansas City& Eastern RR.— See Kansas City
ria
& Chicago
Ry. above.
Qaincy Omaha
ria
—V. 71, p. 492.
& Kansas
& Chicago Ry.
City
above.— V.
RR.— See Kansas
Peo-
City Peo-
72, p. 723.
Rutland RR.— Purpose of New Stock Issue.—President
" In explanation
Clement, in response to our inquiry, says
of the issue of stock referred to, I would say it was deemed
necessary for the purpose of putting in steel bridges in place
of wooden bridges on the Mountain and Bennington divisions; 80-pound rails in place of 60-pound on the Mountain
Division; paying up the floating debt of the company,
amounting to $1,500,000, which has been incurred for the
purchase of additional property. The balance will be used
000,000 4 per cent bonds convertible into common stock.
for extensions of the system." The new stock issue ($3,578,Each common stockholder of record
will be entitled 400) is to be sold at 90, and will therefore yield about $3,to purchase at par an amount of these new bonds equal to 220,000. See circular in last week's Chronicle, page 1011,
seventy-five eightieths of the amount of his present holdings. and last annual report on page 1007.— V. 73, p. 1011, 1007, 958.
After the conversion of these bonds into common stock, all of
St. Louis & San Francisco RR.—New Directors.—At the
the company's capital stock ($155,000,000) will be of one class
meeting on Nov. 12 James Campbell of St. Louis and
annual
without preference.
Mark
T. Cox of New York were elected directors to succeed
Extra Dividend on Preferred.—The directors on Wedne s
board on page 125 of
day also declared a dividend of 1 per cent on the preferred S. C. Eastman audH. K. McHarg. See
Supplement.—
Investors'
V,
73, p. 911, 900, 896.
shares for the period to end Dec. 31, 1901, in addition to the
Seaboard Air Line Ry.— Proprietary Company.—-See Searegular quarterly dividend of one per cent payable on Dec. 5.
Directors.— Samuel Spencer has been elected a director to board Company below.— V. 73, p. 1012, 33.
succeed Robert Bacon, resigned.
Seaboard Company. Proprietary Company. This comNew Proprietary Company. See Northern Securities Com- pany was incorporated under the laws of New Jersey on
pany below.— V. 73, p. 1011, 843.
Tuesday with $5,000,000 authorized capital stock. The BaltiNorthern Securities Co.— Proprietary Company—The more papers publish a report to the effect that the
understanding which was reached last week (page 1011) be- new company will take over from the parties in contween the Hill- Morgan interests on the one hand and the trol a majority of the $47,000,000 capital stock of the SeaUnion Pacific interests (Harriman-Kuhn, Loeb& Co. eyndi board Air Line Ry., issuing in exchange therefor some
cate) on the other, for the sale of the latter's
stock amount of its own stock and in addition Class A and Class B
in the Northern Pacific and their acquisition of a one-half debenture (income?) bonds for the ptef erred and the comrepresentation in the control of th6 new Chicago Burlington mon shares, respectively. The officials of the Railway
the result
& Quincy Railway, was followed on Wednesday, Nov. 13, by Company say that the published matter is largely
33.
the
reporters—
V.
1012,
guesswork
by
73,
p.
of
the incorporation in New Jersey of the Northern Securities
Co., with $400,000,000 authorized capital stock in shares of $100
Seattle Ry.— Mortgage.— The company has filed a first
each, to take over the control of both the Northern Pacific mortgage to the Boston Safe Deposit; & Trust Co. to secure
and the Great Northern. The incorporators of the new com- $500,000 gold 5 per cent bonds.— V. 73, p. 664, 495.
pany are George F. Baker Jr. Richard Trimble and Abram
Shamokin Valley & Pottsville Ry.—New Bonds.— As noted
M. Hyatt. In its directorate the Union Pacific people in V. 73, p. 139, the $2,000,000 first mortgage 7 per cent bonds
have a substantial representation, and their interest in the were paid at maturity, July 1, 1901. We now learn that an
stock will be about 23 p. c. of the entire issue. The settle- issue of Z% per cent bonds is to be made presently.— V. 73,
ment ends the controversy over the Burlington, provides for p. 139.
single ownership of the Northern Pacific and the Great NorthSouthern Ohio Traction Co.—First Through Car.—The
ern ard assures protection to the Union Pacific interests in
first car was run from Hamilton to Cincinnati, Ohio, on Nov.
the Northwest.
Exchange of Stock.— The Northern Securities Co. will give 10.—V. 73, p. 844.
Southwestern RR. of Georgia.—Suit Dismissed,— Judge
its shares in exchange for the common stock of the Northern Pacific and
the stock of the Great Northern Don A. Pardee, in the United States Circuit Court at Atlanta,
at the rate of $115 and $180, respectively, for each Ga., has sustained the demurrer of the Central of Georgia
$100 of the old shares. As stated below, the stock ot Ry., and dismissed the intervention brought by Robert
The latter sought to obthe Northern Pacific after January 1, 1902, will be all of M. Farrar and other stockholders.
one class, and upon conversion of the debentures now to be tain a decision holding that a portion of the fund, viz., about
issued (to provide for the retirement of the preferred shares) $350,000, received in compromise of the rentals which fell due
will aggregate $155,000,000. To retire this entire amount at during the receivership, and which had not been paid out
115 would require $178,250,000, while to take up all the with the remainder of the fund as dividends to the stock$125,000,000 stock of the Great Northern at 180 would call holders, had been misapplied and "illegally diverted from
for $225,000,000, in all $403,250,000 of new stock. The hold- its true owners."— See V. 71, p. 809.
ers of about $90,000,000 of the Great Northern shares,
Springfield (Mass.) & Eastern Street Ry.— New Stock
it is stated authoritatively, have
already assented to The Massachusetts Railroad Commission has approved the
:
—
—
—
,
—
November
THE CHRONICLE
1901.]
10,
Sroposed iseue of $455,000 stock to provide for the payment of
oating debt incurred in constructing and equipping the
road. The company was formerly the Palmer & Monson
Street Ry.
Toledo St. Louis & Western RR.— Bonds Offered. -\'rrmilye & Co. and Hallgarten & Co. are offering at ItU}^, by advertisement on another page, about $4,500,000 of this company's %% percent prior lien gold bonds due July 1.
The issue under the mortgage is limited to $10,000,000, of
which $1.000,<!00 is reserved and can be used only after
Jan. 1, 1902, for additions, etc., at not exceeding $250,000
yearly. Of the remaining $9,000,000, about one half has
already betn sold to investors. Following the prior lien
mortgage and subordinate thereto is a firtt mortgage for
$6,50t',000.
A digest of the company's report for the year
ended June 30, 1901, was given in the Chhomclk of Oct. 26,
page 896. Further data regarding the bonds, etc., can be
obtained from the advertisement and from a letter of
President Norton, copies of which will be furnished by the
bankers named.— V. 73, p. 896, 844.
1
Syracuse Geneva & Corning Ry.— Called Bonds.— First
mortgage bonds of 1875— viz., 47 of $1,000 each and 5 of £100
each — have been called and are payable at par at the FarmIners' Loan & Trust Co., interest having ceased Nov. 15.
cluding this lot, the sinking fund holds $582,900 of the original $1,000,000 issue.— V. 68, p. 573.
Union Pacific RR. Agreement.— Sse Northern Securities
Co. above.— 7. 73, p. 1012, 786
Union Traction Co. of Indiana.— Called Bonds—The following Citizens' Street Railway of Muncie, Indiana, first
mortgage 6 per cent gold bonds— viz., Nos. 34, 46, 76, 77, 81,
88. 116, 118. 132. 154, 159 and 198, for $1,000 each, and 223,
253, 258 and 263, for $500 each— have been drawn and will be
paid off at 105 and interest at No. 316 Chestnut St., Philadelphia, on or before Dec. 1, 1901, after which date interest will
cease.— V. 73, p. 617.
INDUSTRIAL. GAS AND MISCELLANEOUS.
of
American Cotton Oil Co.— Agreement Effective— Holders
more than a majority of the preferred and common stock
Water
of Washington, Pa.— Payment of
stated, will on Deo. 1 rtdtom all
mortgage bonds dated Nov. 19, 18*^7.
Citizens'
Bonds.
1063
Co.
— The company,
of its first
it is
Cleveland* Buffalo Transit Co.— Increase of StockDividend.—The shareholders will vote at the office in Buffalo
on Dec. 3 on a proposition to increase the capita] stock from
$750,000 to $1,000,000. The «' Cleveland Leader" says
The stockholders will be ashed to determine whether the, capitalization shall be Increased and the money, now on liana he. turned hack
:
iuto the treasury as a slnnlnc fund, or whether tli« results ot Ml extraordinary seacou shall be divided pro rata on the stock of Die oompany.
TIiIh, It is to be understood, will not Interfere wltli the jiayuient of the
tegular quarterly dividend 00 the basis of 7 per cent per annum.
Should the shareholders decide to forego the extr.i (cash) dividend and
trtke
tho stock, this division Of the additional $'2f>0,0')0 of stock would
be the equivalent of a further dividend of a3Hj per oent on the ori/lnal
stook. The showing made by the company Is a direct resultant or lie
excellent business done by the pa-sender department during the I'auAmerlcan Exposition. The company started In the year with a net
surplus of $158,760. To this It has been able to add since the opening
of the season of navigation op to the 1st of Ootober net proilts of
$274,443, which made a total surplus of undivided profits of #l.id,iOi
From this Is to be taken the amount paid as interest on the bonds and
there Is a net surplus of $119,385. President, M. A. Bradley; VicePresident. George W. Gardner; Treasurer, R. O. Moody; Secretary and
t
Newman.
General Manager, T. F.
—
Colonial Brewery of New York. Sold. At the foreclosure sale on Tuesday the prop9rty was bid in as an entirety
for $351,000 by Donald McCredie of Albany, representing, it
is said, himself and other bondholders.— V. 73, p. 844.
Crystal Water Co. of Staten Island.— Foreclosure.— A
decree of foreclosure under the first mortgage was granted
recently.—V. 71, p. 1271.
Cayahoga Steel & Wire Co. See Hartman Manufacturing
Co. below.— V. 73, ». 84.
Detroit City Gas Co.— Competition.— See People's Gas Co.
of Detroit below.
No Dividend. This company, after paying 2J< per cent
semi-annually (5 per cent per annum) on its stock from November, 1899, to May, 1901, both inclusive, has passed the
November dividend this year, "owing to the loss the failure
of the natural gas entailed."— V. 72, p. 629.
Diamond Hatch Co.— See Federal Match Co. below.— V.
—
—
73, p. 724, 495.
Federal Match Co.— Description of Plant.—The "Scienhave assented to the stockholders' agreements of July 22 and tific American" of this city on Sept. 7 published an illusOct. 16, and these agreements have been declared bind- trated article describing the machine which this company
ing and effective. The committee has extended the time for ha9 in operation at Paterson, N. J., "turning out 18,00u,000
the deposit of stocks until Dec. 2. The annual report will be matches per day of 20 working hours."
found on pages 1065 and 1066 of to-day's Chronicle,— V. 73,
The company was incorporated in New Jersey in January,
p. 1012, 901.
1900, with $500,000 capital stock, the incorporators being
American Express Co.— Extra Dividend. In addition to the Morris San (the patentee of the new machine), H. Nathan,
usual semi-annual dividend of 3 per cent, payable Jan. 2, 1902, F. Brown and L. Sonneborn, all of Paterson, N. J.
an extra dividend of 1 per cent out of the earnings of the comFort Scott (Kan.) Water Supply Co.— City's Offer.—The
pany from its investments has been declared. An extra one city has offered $125,000 for the plant; the company has asked
per cent was also paid in July last, so tbat the stock is now
as high as $450,000. The franchise expires next April.
receiving 8 per cent yearly. V. 72, p. 937.
Goldsboro (N. C.) Water- works.— Sold.— At the forecloAmerican Light & Traction Co.— See St. Paul Gas Light sure sale on Nov. 6 the property was bid in for $50,000 by
Co. below.— V. 73, p. 1013, 897.
Percival Bjnney of Portland, Me., one of the principal secuAmerican Mailing Co. New Directors. The old directors rity holders. The city voted on Nov. 3 to issue $50,000 of
were re elected on Thursday except Adam Neidlinger and C. water bonds, and Mr. Bonney, it is stated, has signified his
A. Purcell, who were succeeded by G. F. Neidlinger and willingness to turn the property over to the city at the purMichael Coleman. See>eport on page 1060.— V. 73, p. 238.
chase price.— V. 73, p. 289.
American Sugar Refining Co.— Subsidiary Company.—
Great Northern Paper Co.— Extension.— The directors reThe American Sugar Refining Co. of New York was incor- cently authorized the construction of an additional mill at
porated at Albany on Thursday, with $2,500,000 capital stock, Madison, Me., with a maximum daily capacity of 200 tons,
by representatives of the New Jersey corporation. H. O. increasing the company's daily output to about 500 tons of
Havemejer says:
newspaper per day. The capital stock is still $5,000,000, all
This subsidiary oompany will do nothing bat N. Y. State business; It of one class and in $100 shares. The new plant, it is said,
was incorporated in deference to the growing publio sentiment that will cost about $2,500,000, and will give the company a cabusiness shoold be done in a State by corporations of that State. The
Pennsylvania business of the conoern is now done by a similar Penn- pacity equal to about one-third that of the International
sylvania oompany. The parent oompany remalnB under the laws of Paper Co. The office is at 51 Wall St.— V. 72, p. 1037.
New Jersey.— V. 73, p. 959, 786.
Wulf Coast Shipbuilding & Dry Dock Co.— New Enterprise.
Asphalt Company of America.—See National Asphalt Co. —The Finance Realty Trust Co. of this city is arranging to
bslow.— V. 71, p. 810.
finance this company, which was incorporated in March last
Brooklyn Union Gas Co.— Listed.—The New York Stock under the laws of Alabama, with special charter, to establish
Exchange has listed $283, COO additional first consolidated 5 an extensive shipbuilding and marine railway plant at Alaper cent 50-year gold coupon bonds of 1945, making the total bama Port on the Bay of Mobile and a dry dock and repairamount listed to date $14,493,000. The bonds were used to ing plant at the port of New Orleans. The authorized capiretire a like amount of underlying bonds, the only old bonds tal stock is $5,000,000, in $100 shares. A first mortgage
now remaining outstanding being: Citizens' Gas Co. consoli- will be made securing $5,000,000 of 30-year siuking fund 5
dated 5s, §3C7,000; United Gas Light Co. consolidated 5s, per cent bonds. The present issues will be $4,000,000 each
$200,000. The Fulton Municipal Gas Co. mortgage has been of stock and bonds, the remainder being reserved for future
discharged of record.—V. 71, p. 965.
requirements. The directors and officers thus far selected
Chicago Transfer & Clearing Co.— Transfer of Property.— are as follows:
"Railway & Engineering Review of Chicago" on Nov. 2 said
Directors: Charles M. Jesup. S. B. MoConnioo and Casslus M. Wloker
of this city; Alfred S. Elliott of Wilmington, Del.; Robert C. Morns and
Four conveyances of acre
—
—
:
—
•
:
property In Stickney, near Chicago, aggregating In consideration $553,i0.i, were reoorded last week. The 00mpanles ooncerned were the Chioago Transfer & Clearing, the Chicago
Union Transfer and the National Warehouse & Transfer companies.
The) land conveyed Is being laid out as a olearing ground for freight,
and important Improvements are being made In the tract. The transfers, aooordlng to officials of the companies, were made for the purpose of arranging a satisfactory system of accounting among the 00mfianles, the Interests Involved being praotlcally ldentloal. The trans
ers were as follows Chicago Union Transfer Ry. Co. to the Chioago
Transfer & Clearing Co, ^38*7 aores for $119,235; the Chioago
Transfer & Clearing Co. to the National Warehouse <fe Trans-fer Co..
315-96 acres for $157,980; the National Warehouse & Transferee
to the Chioago Union Transfer Ry. Co., 314-28 aores for $lS7Si?>, and
the Chicago Transfer & Clearing Co. to the Chioago Union Transfer
Ry. Co., 237-29 aores for $118,645. H. H. Porter is President of the
Chicago Transfer & Clearing Co. and W. H. Lyford of the National
Warehouse <fe Transfer Co. at Chioago.— V. 71, p. 491.
Citizens' Gas Co. of Fairmount, Ind.— Receiver.— William
A. Beasley has filed suit for a receiver.
:
Lewis Johnson of
New
Orleans, and Patrick J. Lyons and E. L. Russell
of Mobile.
President, Charles M. Jesup; Vloe-Presldent, Cassias M. Wicker;
Seoond Vloe-Presldent and Seoretary, 8. B. MoConnioo; Third VloePresldent and Treasarer, Robert O. Morris.
Newport News is at present the port nearest to the Gulf
affording shipbuilding and dock facilities for merchantmen.
Office, 31
Nassau
St.,
New
York.
Hartman Manufacturing Co.— Purchase.— The company
has purchased the $500,000 capital stock of the Cuyahoga
Steel & Wire Co. of Cuyahoga Falls, Ohio (see V. 73, p. 84).
Havana Commercial Co.—Majority Deposited.—A large
majority of each class of stock has been deposited in accordance with the agreement mentioned in V. 73, p. 1013, 902.
Indianapolis Light & Power Co.— Called Bonds.—The following first mortgage bonds of 1892 have been drawn for
THK CHRONICLE.
1064
payment
at 104
841, 344, 308.
Gas Light & Coke Co. of Evanston, 111. (See V. 72, p. 630.)
The oompany has outstanding $ r)00,000 first mortgage 6s due
Boston, on June 1, 1915, and at last accounts $418,500, of an issue of §2,-
and accrued
They
interest, viz., Nos. 63, 128, 178'
will be paid at 104 and accrued interest
&
Trust Co .,
at the office of the American Loan
13, 1901, interest ceasing that day.— V. 69, p. 285.
Nov.
International Salt Co.— Majority of Stocks Deposited.— A.
majority of the stock of the Rttsof Company as well as of the
National Salt Co. has been deposited under the terms of the
consolidation plan, which will therefore be carried out. The
report that control of the Colonial Salt Co. has been acquired
in the interest of the consolidation is discredited by a representative of the National Salt Co.— V. 73, p. 902.
Inter-State Independent Telephone & Telegraph Co.—
Incorporated. This company was incorporated in New Jersey on Nov. 7 with |3,000,COO of authorized capital stock to
unite independent telephone companies in Illinois, etc. One
branch office is to be in Aurora, 111., another in Chicago.
The promoters are said to be interested in the Northwestern
—
Telephone Co., which operates,
rora, Elgin, etc.
[Vol. LXXIII.
it
is
stated, in Joliet,
An
-
(V. 72, p. 535.)
—
National Asphalt Co. Investigating Committee. At the
request of the holders of a large amount of the collateral
gold certificates of the Asphalt Company of America, Henry
W. Biddle, Rudolph Ellis, Alvin W. Krech, Effingham B.
Morris and Henry Tatnall have consented to act as a committee for the purpose of investigating the business of the
company, and protecting the interest of certificate holders.
The holders are invited to deposit their certificates
with the Mercantile Trust Co. of New York or the CommerThe
cial Trust Co. of Philadelphia on or before Dec. 15.
agreement under which deposits are to be made provides
that the committee, if, as a result of its investigation, it
shall find it expedient to formulate or adopt any plan, may
do so; but depositors dissenting from such plan may withdraw their securities without expense to themselves on surrender of the deposit certificates.— V. 73, p. 290, 136.
New England Gas & Coke Co.— Dorchester Company Stock
—The Dorchester Gas Light Co., of whose $519,600 capital
stock |517,600 is pledged under the mortgage of the New
England Gas & Coke Co., recently applied to the Massachusetts Gas & Electric Light Commission for permission to
issue $480,400 additional stock to pay floating debt [incurred
since 1895 for improvements, etc.], and to provide for further extensions. V. 73, p. 794.
—
New
010,000, consolidated mortgage 5 per cent gold bonds due Dec.
1, 1928, but subject to compulsory payment at 105 on or after
June 1, 1904, on 60 days' notice; Equitable Trust Co. of
Chicago, trustee.— V. 73, p. 960, 953, 902.
People's Gas Co. of Detroit.— New Enterprise. — Elliott G.
Stevenson and Herbert W. Noble (Manager of Detroit Clearing House) are seeking to obtain a foothold in Detroit for
this new company, which offers to sell gas for illuminating
purposes at not exceeding 80 cents and for fuel at not over
60 cents per 1,000 cubic feet. The Detroit City Gae Co.
charges $1 for illuminating and 80 cents for fuel gas. The
new company, it is eatd, contemplates issuing $2,500,000
stock and a like amount of bonds. An application for a franchise is pending before the City Council.
Realty Associates of Brooklyn.—Stock.— Of the $4,000,000
stock of this new company, the present issue is to be only
$3,000,000, and this was recently offered at par, $100 a share,
payable in instalments, the last on or about Oct. 1, 1902. It
is the general intention to buy only improved property (particularly in Brooklyn) well rented and capable of producing
good returns. See V. 73, p. 1014.
Rogers Locomotive Works.— Officers.— The
have been elected:
following
officers
John Havron, President; E. H. Norton, Vice President; F.
Holran, Treasurer; G. E. Hannah, Secretary; R. Wells, General
Manager; John W. Griggs, General Counsel.
Direotors: Sir William C. Van Home, George B. Hopkins, George
Turnure. J. D. Probst. Elliott O. Smitb, Frank P. Holran, John W.
Griggs, Robert C. Pruyn, E. Hope Norton, John Havron and Stephen
Peabody. Executive Comtiiittee, John Havron, Chairman ex officio:
George B. Honklns, J. D. Probst, EUlott C. Smith, Robert C. Pruyn
and Stephen Peabody.
Offloers
:
P.
The
capital stock
cumulative
pref.,
is
$1,600,000, of
which $800,000
6 p. c.
p. c. on
is
but after payment in any year of 6
the preferred the common is entitled to 6 per cent, and then
both stocks participate pro rata. All the stock is outstanding.
Orders have been received and partially filled for the
Great Northern, theDuluth South Shore & Atlantic, the St.
Louis Southwestern and the Erie roads. Par value of shares,
$100.
Bonds.— Coupons No. 1, due Nov. 14, 1901, on Rogers Locomotive Works first mortgage 5 per cent bonds will be paid
on and after that date at the office of the company, 33 Wall
St.
The bonds aggregate $500,000, all outstanding they are
due in 1921.— V. 73, p. 86.
Orleans Water Works Co.— Receiver.— On application
of Robert Moore, a bondholder, the United States Circuit
St. Paul Light Co.— Dividend Passed.—The company has
Court at New Orleans on Nov. 14 made Frank Howard receiver of the company because of the recent decision of the passed the quarterly dividend due Nov. 15 in order, it is
State Supreme Court annulling the company's charter on the said, to provide for improvements.
Guaranteed Bonds. See St. Croix Power Co. of Wisconsin
ground of excessive water rates persistently maintained.
item last week on page 1014.— V. 70, p. 234.
V. 73, p. 1013, 239.
;
—
New York Air Brake Co.— Russian Plant.—The price of
the company's shares has advanced sharply this week on the
announcement that the company has purchased an extensive
plant near Moscow, Russia, and has orders that will keep
this plant busy for a considerable period— V. 72, p. 876.
Sedalia (Mo.) Water Co. Action by City Council.— The
City Council on Nov. 4 adopted a resolution declaring the
company's franchise void because of failure to lay pipes from
Lake Tebo, as declared necessary to make adequate the city's
water supply.
Sharon Coke Co.— Bonds.—The company has authorized
Northwestern Gas Light & Coke Co. of Eranston. 111.—
Change in Control— See People's Gas Light & Coke Co. of an issue of $1,250,000 of 5 per cent bonds to be dated Dec. 1,
1901, and to be subject to call at par after 5 years.
Chicago below.— V. 72, p. 630.
South Amboy (N. J.) Gas Light Co.— Sold.— At the foreNorthwestern Telephone Co. of Illinois.— See Inter-State closure sale recently the property was bid in for $10,700 by
Independent Telephone & Telegraph Co. above.— V. 72, p. 535.
T. Reynolds Beal of No. 1 West 121st St., New York. The
Nova Scotia Steel & Toal Co., Ltd.— Bonds Offered.— This Continental Trust Co. was trustee under the $30,000 mortcompany, whose head office is at New Glasgow, Nova Sco- gage foreclosed.— V. 73, p. 794.
tia, will receive subscriptions at par until 3 p. m., Nov. 23,
Snsqnehanna Iron & Steel Co.— Bonds.— The directors
through various banks (among them the Bank of Toronto,
have sent to the stockholders a circular recommending the
the Imperial Bank of Canada and the Bank of Nova Scotia)
making of an issue of $300,000 6 p. c. mort. bonds of $500 each,
for the company's new issue of $2,500,009 of 6 per cent 30due in five years, but subject to call after two years. The
year first mortgage gold bonds, dated July 1, 1901, and due
proceeds will be used for the construction of a pipe mill, to
July 1, 1931, but subject to call for the sinking fund at 110
cost about $240,000, and to use the company's output of skelp
and interest; trustee for bondholders, the Eastern Trust Co.,
This output is now about 100 tons a day, but it can be
iron.
Halifax, N. S.; coupons payable half-yearly (Jan. 1 and July
increased at a small expense to 125 tons a day. The circular
1) at the Union Bank of Halifax, in Halifax, or the Bank of
Nova Scotia, in Montreal or Toronto. The bonds cover the says
From conservative estimates, based upon profits now being realized,
real estate, mines, collieries, steel mills, coke ovens, rolling
mills, railways, franchises, patents, etc., owned July 1, 1901,
except certain parcels of lands not needed for the business.
the mill would pay for itself within two years, without inourring any
risk of impairing the present 6 per cent dividend on your stook, after
which time the dividends of your company should be materially increased; and we see no reason why your stook should not, in a short
time at least advance to par.— V. 73, p. 444.
See official statement next week under "Annual Reports."
Directors.— John F. Stairs, President, Halifax, N. S.; Graham FraUnion Ferry Co. of New York.—Acceptan ce of the Comeer, Vice-President and Managing Director, New Glasgow, N. 8
J.
Walter Allison and George Stairs, Halifax, N. 8.; Thomas Cantley, pany's Terms. The Dock Board on Nov. 8 passed a resoSimon A. Fraeer, James D. McGregor and George F. MoKav, New lution recommending to the Sinking Fund Commission the
Glasgow, N. 8.; Robert Jaffray and Hon L. Melvin-Jones, Toronto,
acceptance of the company's offer to lease the ferry franchises
Ont.; Hon. James S. Pitts, St. Johns, N. F.; Robert Reford, Montreal.
on the basis of paying the city 3 per cent of the gross receipts,
P. Q.; Frank Ross, Quebec, P. Q.— V. 73, p. 86.
with the stipulation that should the gross receipts fall below
Oshkosh (Wis.) Electric Light & Power Co.— Rtceiver.— $760,000 the company may charge not exceeding 2 cents for
Judge Seaman, in the Federal Court at Milwaukee on Nov. 7, each foot passenger. Seventeen tickets are to be sold for 25
appointed A. E. Thompson of Oshkosh receiver of the prop- cents under the lease and the rate for vehicles to remain as at
erty on petition of the Massachusetts Loan
Trust Co., present. J. Sergeant Cram, President of Dock Board, says :
mortgage trustee. The first mortgage bonds, it is stated,
The schedules of receipts for the last 19 years, as submitted by the
amount to $92,000; second mortgage bonds to $15,000. Some company, show that the competition of the bridge is most serious for
bridge
$60,C00, it is claimed, is necessary for improvements, and the ferries, and it is fair to assume that the opening of the new in the
and tunnel will have a similar effect. The proposed change
may be raised by receivers' certificates to enable the compani rates for foot passengers shall not go into effect unless and until the
to carry out its new ten- year lighting contract with city of gross receipts fall to a sum insufficient to pay the operating expenses
of the oompany.
Oshkosh.— V. 67, p. 690.
The recommendation was taken under consideration by
People's Gas Light & Coke Co. of Chicago.— Purchase.— the Commissioners for one week. V. 73, p. 187.
Friends of the company, it is understood, have acquired a
majority of the $2,000,C00 capital stock of the Northwestern
Eg»" For otber Investment News see Page 1 067.
;
—
&
—
November
THE CHROMCLK.
1G, 1901.
qjorts
10'
and documents.
THE AMERICAN COTTON OIL COMPANY.
TWELFTH ANNUAL KFPORT— FOR
r:\i--.i
ti\ k
i
Ofpioi
Till;
b,
BEATER Btbeet,
New YORK, November 13, 1901.
Stockholders of the American Cotton Oil Company:
)
87
To
the
)
The Directors submit herewith tbeir Report anil Statement of Accounts for tbe fiscal year ending August 31, 1901,
being the Twelfth Annual Report of the Company.
18HARE CAPITAL.
f The amount of the Capital Stock issued and outstanding
5!
Is
unchanged,
Common
viz.:
Stock, $20,237,100;
Preferred
Stock, slu.L98.G00.
DEBENTURE BONDS.
"The
total amount of Cold Debenture Bonds outstanding is
$3,000,000. These Bonds mature on November 1, 1915, and
bear interest at the rate of i}£ per cent per amium, payable
Quarterly.
ALL PROPERTIES FREE FROM LIEN.
All the properties of the Organization are absolutely free
from mortgage or other lien.
FISCAL YEAR ENDING AUG1
81
tl,
l'Joi.
GENERAL PROFIT AND LOSS ACCOUNT OK ALL THE
PROPKRTIE8 AUGUST 31, 1901.
Balance of General Profit and Loss Aooount August 31,
1900, as per Eleventh Annual Keport
Profitsof the Manufacturing and Commercial business of this Company and of the
Corporations In which it Is interested,
for the year ending August 31, 1901,
after charging oil all expenses of Manufacturing and Operation, Repairs of
Buildings and Machinery, Bad and
Doubtful Debts, Expenses of Administration, etc
$1,244,357 47
Deduct:
Interest on Debenture
Bonds
Semi -Annual Dividends
>i
,320,745 40
$152,50000
on Preferred Stook,
Paid June 1.1901.... 3% 305,958 00
Payable Deo. 2, 1901.3% 305,958 00
Dividend on Common Stook,
Payable Deo. 2, 1901.2% 404,742 00
1,169,158 00
CT
Balance of General Profit and Lose Aooount August 31, 1901
PROFIT AND L083.
The
Balance to Credit.
amounted to
$1,244,357 47
Deduct Debenture Bond Interest (two months, before
rednction of rate of Interest, at 8% and ten months at
75,199 47
$6,595,944 87
Profits for the year
152,500 00
4»a%>
Net
$1,091,857 47
Profits
Deduct—
Dividends on Pref. Stock, 6% per annum.$611,916 00
Dividend on Common S took, 2%
404,742 00
to
General Profit and Loss Aooount
$75,199 47
PERMANENT.INVESTMENT ACCOUNT.
This Account has been charged with the sum of $158,40!) 52
for additions to the properties, such as Real Estate, Cotton
Ginneries. Seed Houses and Scales, Warehouses, Extensions
Crushing Mills, Refineries and Soap Plants.
The Account has been credited with sales of Real Estate,
old Machinery, etc., amounting to $85,333 42.
The net result is an increase to Permanent Investment
Account of §73,076 10.
REPAIRS AND MAINTENANCE OF PROPERTIES.
The properties have been maintained during the past year
by the expenditure of $249,627 88, which has been charged
toOperating Expenses for the same period.
INSURANCE.
All the properties, the stocks of raw material and finished
products are fully insured. Nearly all the Mills and other
properties are equipped with Automatic Sprinklers, effecting marked economy in premiums paid as a result of the
improvement of the risk.
to
•
WORKING CAPITAL.
Capital—
stock
Preferred stock,
$20,237,100 00
10, 198,600 00
Total share oapltal
$30,435,700 00
3,000,000 00
Debenture bonds
$33,435,700 00
Current Liabilities—
Bills
Payable
Commercial aooounts
Interest accrued upon debenture
bonds one ibonth to August 31
Preferred stock semiannual dividend
No. 20, payable December 2, 1901..
Common
stock
dividend,
Deoember 2,1901
$1,000,000 00
330,858 87
11,250 00
305,958 00
payable
404,74200
2,052.808 87
Total
$35,488,508 87
Assets Real estate, buildings. machinery, etc.,
based on the valuation August 31,
1892, with subsequent additions
in Banks
and accounts receivable
Marketable prodaots. raw materials
and supplies on hand available In the
Cash
Bills
business
Quick assets
„
Balanoe,
,
representing good will, con-
$11,606 080 20
$517,908 52
2,144,045 84
4,221,549 37
6,883,503 73
$18,489,583 93
tracts, leases, trade-marks, patents,
processes, brands and kindred assets
of an established buslaess
Total
Common
Stook, both Dividends payable
December
2,
1901.
The net remaining profits for the last four years, after
paying all expenses of manufacture, administration, repairs
and betterments, interest on Debenture Bonds and 6 per
cent Dividends upon the Preferred Stock, have been $3,093,412 21, out of which $2,529,637 50 have been applied to Dividends upon the Common Stock (being an average of 3 J 8 per
cent per annum), and $563,774 71 has been added to Working Capital.
The physical condition of
all your properties continues to
receive close attention, and no effort has been spared to
keep them up to the highest standard of value and efficiency. In furtherance of this policy, many plants have
been almost entirely renewed and modernized since coming into the possession of the Company. Such improvements
are necessary in order that your Company shall be in position to care for and handle the increased business to the
best advantage, as well as to keep abreast of the times with
new and modern appliances, and thereby reduce the cost of
production and improve the quality of products.
Since the organization of the Company in 1889 $4,389,534 23 have been spent in Repairs, Betterments and Maintenance, and charged to Operating Expenses.
The year covered by this Report has not been a good one
Seed industry, and the profits shown have
been earned only by the closest attention to and experienced
handling of the manufacturing and commercial details of
for the Cotton
The "Working Capital and Surplus of the Company on
August 31, 1901, was $4,830,694 86, of which $517,908 52 was
Cash in Banks, and $4,312,786 34 was Bills and Accounts Receivable, Marketable Products and Supplies.
CAPITAL, LIABILITIES AND ASSETS AUGUST 31, 1901.
Common
of Directors, at the regular monthly meeting
1901, after declaring the Twentieth Seniiof 3 per cent upon the Preferred Stock,
authorized the distribution of $404,742, being 2 per cent, and
the Fourth consecutive Annual Dividend to the holders of
November 7,
Annual Dividend
the
$1,016,658 00
Balance carried
The Board
held
16,998,924 94
$35,488,508 87
the business.
Before the season fully opened, it became apparent that
the expectations of a large crop were not to be realized, and
this brought about an eager and voracious competition for
seed, putting cost of raw material at a level which was not
warranted by the pi ices obtained for finished products.
Although the Cotton Crop was a disappointment, and the
price of seed was high in consequence, yet the amount of
business done during the past year has been the largest in
the history of the Company.
In addition to the crushing of Cotton Seed and the relining
of Oil, the commercial operations of the Company include
the refining of Lard, the manufacture of Lard Compounds,
Soips, Soap Powders, Fertilizers, etc., on an extensive SO&le.
In these departments there has been a gratifying and progressive increase in sales during the past live years.
The business of the N. K. Fairbank Company, the W. J.
Wilcox Lard & Refining Company and the Union uil Company, protected as it is by valuable Brands and Trademarks, is of vast importance to the Organization. The possession of so varied and comprehensive a system adds greatly to the safety and stability of the Company, particularly
in times of special or local trade depression.
Recognizing the importance of the application of science
to the development of commercial industry, the Chemical
Department, to which reference has been made in a previous report, with headquarters at Chicago and branch
laboratories at all important points, has been fostered and
developed in recent years to h perfected system, Much good
has already emanated from this source, and greater benefits
are in sight.
It has been the custom of this Company, since its formation, to publish in its Annual Reports full and complete
statements of the condition, progress and earnings of the
business. This practice enables Stockholders to form an
THE CHRONICLE.
1066
opinion as to the value of the property in which they are
interested.
The stock of raw materials and finished products carried
over at the end of the fiscal year, August 81, being higher
in value and somewhat greater in quantity than last year,
the casli balances at the close of the fiscal year were less
than usual. Since that date the goods on hand have been
marketed at a profit over the price at which they were
inventoried.
An indication of the careful supervision and correct business methods which govern the conduct of the Company's
affairs is shown in the extremely small percentage of loss
from Bad Debts. During the twelve; years of the Company's
operations the losses from this cause have averaged less than
one-fifth of one per cent per annum.
Regarding the present condition of the business and the
future outlook, our reports indicate a Cotton Crop somewhat
[Vol. LXXIII.
larger than last year. So far, the business done since the
beginning of the new year has been satisfactory, and we
have every reason to believe that this condition will continue.
An exhibit of products of Ins Company and of The N. K.
Fairbank Company was made at the recent Pan-American
Exposition at Buffalo.
The excellence of the produ
exhibited was recognized by the award to the Companies
named of two gold medals, two silver medals and honorable
I
mention.
The working staff of the Company has never been more
harmonious than at present. The work done in
departments is deserving of the highest commendation.
For the Board of Directors,
effective or
the several
GEORGE
A.
MORRISON.
Chairman.
UNITED FRUIT COMPANY.
SECOND ANNUAL REPORT- FOR THE FISCAL YEAR ENDED AUGUST
31, 1901.
To the Stockholders united Fruit Company:
In presenting herewith the Second Annual Report of your
Company, the management has endeavored to inform you
even more fully than previously as to the character, location, extent and value of the Company's several properties,
as well as to show in detail receipts, expenditures and other
financial and business matters. The management desires to
give all such statements, figures and general information
respecting your Company's property and business to the
stockholders as will enable them to share the confidence of
the management in the stability and success of the Company's business, a confidence which has been inspired by
many years' experience in the businesses which your Company has acquired, and which has been greatly increased by
the success with which the risks and disadvantages under
which such prior businesses were formerly carried on have
been obviated by the formation and operations of your Company.
With this object in view the statements and figures given
in our previous report have been sub-divided and amplified.
tropical products, against 16,197 the preceding year, an in
crease of 2,709 carloads, or nearly sixteen per cent.
operation about
The sugar mill at Banes. Cuba, was put
the first of March, 1901. This was a later date than had been
anticipated, and consequently the Company was unable to
grind its sugar cane during January and February, two of
the best months in the year for that purpose. In spite of
this failure, however, the Company demonstrated to the
satisfaction of your Directors that the cane crop from its
Cuban plantations can be made to produce profitable reDuring the
sults during the spring and summer months.
remaining months of the crop season the mill produced
about 19,000,000 pounds of sugar, which yielded a profit of
more than $110,000 00.
For the present year arrangements have been made to
start the mill by January first, which will give not only a
longer season, but will enable the Company to grind its cane
at the time when it contains the maximum proportion of
sugar.
INCOME.
During the fiscal year ended August 31, 1901, your Company earned $1,251,975 79 from the production and importation of tropical fruits, and from miscellaneous operations,
after charging its operations with approximately $190,000
for depreciation and deducting its proportion of the deficit
arising from the operations of the Sub-Companies. Interest
and miscellaneous charges against income were $153,418 50,
leaving net income available for the payment of dividends
$1,098,557 29. During the year the Company paid four quar
terly dividends, three of two and one-half per cent each
and one of one and one-half per cent, or a total of nine per
cent for the year, amounting to $1,084,767 50.
After
the payment of dividends there remained a surplus
balance of $13,789 79, which, added to the surplus of $1,150,143 95 brought forward from the preceding year, made a
surplus of $1,163,933 74, which has been carried forward to
Plantations and Equipment, forming as they do a large
proportion of the assets of the Company, are shown in a
comparative tabular form under Exhibit A, on page 15 [in
pamphlet], a study of which will clearly show the items resulting in the increase of $1,310,000 in this account. One
of the largest factors contributing to this increase is the
item of Lands. In the Costa Rica Division appears an increase of over 2,000 acres in the Company's holdings, and in
the Republic of Colombia the Company has recently acquired, through the liquidation of The Colombian Land
Company, Ltd., title to over 11,000 acres of land, the value
of which was represented in last year's report by the cost
of the stock of that Company. This will account largely
for the decrease in the Company's investment in '"Stocks of
other Companies," as shown by the balance sheet. A large
tract of land in Cuba was also purchased during the year
covered by this report, making an approximate increase
in the Company's holdings at all its tropical divisions of
the fiscal year 1902.
During the early part of the year the climatic conditions
and delayed operations in connection with Cuban business
were unfavorable and the results f rem the Company's operations were not as satisfactory as your Directors had antieipated, and, while it was felt that the unfavorable conditions
were of a temporary character, it seemed wise that the
dividend payments should always be well within the earnings, and consequently the rate of the July dividend was
fixed at one and one-half percent. Further details in refer
ence to the Company's operations will be found in the Treasurer's report on page 14 [pamphlet], et seq.
GENERAL.
During the year the Company distributed in the United
States and Canada approximately 17,500,000 bunches of
bananas, 13,500,000 cocoanuts and 200,000 boxes ®f oranges.
More than sixty ocean-going steamers on an average were
engaged during the year in the transportation of bananas
for the United Fruit Company and its associated companies,
ten of them owned by the Company, and the balance operated under time charters. It has been the practice of your
Company to charter steamers sailing under the flags of several different countries, so as to protect its interests as far
as possible in the event of international disturbances which
might affect any of the steamers composing the Company's
fleet.
Through its distributing department, the Fruit Dispatch
Company, your Company has organized a most thorough
and systematic method of disposing of its products throughout the United States, agencies for marketing the fruit
having been established in all the principal cities of the
country. While only a short time has elapsed since its
organization was perfected, the results have been extremely
gratifying, not only enabling the consumer to purchase
bananas at a less cost than ever before, but largely increasing the consumption of fruit. During the year 1901 the
Fruit Dispatch Company distributed 18,906 car-loads of
m
A8BET8.
26,000 acres.
There is little change in the item of Houses and Buildings,
except in the figures for Cuba and the Republic of Colombia,
the increase in the former being occasioned by the necessity
of providing accommodations for the Company's employes,
the increase in the latter being chiefly due to the acquisition of additional properties in Colombia referred to in the
preceding paragraph.
in
The increase in the item of Cultivations is accounted for
part by substantial additions to the acreage of banana
cultivations at all of the divisions, except in Honduras.
During the year some 3,500 acres of land in Costa Rica
wer« planted in bananas, and 3.000 acres of banana fields
in the Republic of Colombia were acquired. It is the general policy of the Company that all expenditures made on
these and other banana cultivations shall be charged to the
Company's operating expenses, and in case such charges are
not sufficient to offset natural depreciation, the excess of
depreciation is charged to operation.
But little change in the aggregate will be noticed in the
item of Live Stock. The increase of $40,000 in the value of
cattle in Cuba, due to the necessity of providing draft animals to haul cane from the fields to the railroad, is in part
offset by the sale of fattened steers from the ranges in Costa
Rica, which have since August 31st been ieplaced by thin
cattle to be fattened for the market.
The increase in the item of Tools and Machinery is due to
the natural increase in carts and farming implements, etc.,
required to handle the products of the increased acreage in
cultivations.
Railways.— The valuation of the Company's railways
shows a total decrease of $230,000, which arises on account
of the sale of all the Company's railway property in Costa
Rica, valued at some half million dollars, to the Northern
Railway Company in September, 1900. A large amount of
additional equipment, including five locomotives and oyer
200 freight cars, was required in Cuba in connection with
November
THE CHRONICLE
16, 1901.]
the trans; ort&tion of cane to the sugar mill. Th* inert
in the value ol telephone lines owned by the Company is due
to extension of the service in Costa Rica, and the decr<
in the item of Wharves and Lighters ia due to the writing
off of depreciation.
The Northern Hallway, mention
of
which was made
last report,
is
i
—
—
—
Boston Fruit Company Bonds.—$30,000 of these bonds
were drawn for redemption on May first, as provided by the
termsof the mortgage indenture under which they were issued.
Five Per Cent Convertible Gold Bonds.— During the
year arrangements were made by which the Company was
to issue $3,000,000 i n Ten Year Five Per Cent Convertible
Bonds, for the purpose of retiring the Company's floating
debt, as explained in our circular letter to shareholders,
under date of August 1, 1901.
It affords me much pleasure to inform you that the entire
executive and operative force are working in the interests
of the Company with the utmost harmony and confidence
in their ability to produce satisfactory results.
Very respectfully submitted,
ANDREW
Boston, November
W. PRESTON,
%ht ©ownuercuil jinxes.
COMMERCIAL EPITOME.
Friday Night, Nov.
in
expeoted n> in- oompleted and in full op,
Mnivh 1, 1908. J-oine sixtv two miles
than
later
not
ation
of Btandard-gauge road equipped with sixty pound steel
rails, the entire construction of which, ino'uding its steel
bridges, lias been done in a most thorough and reliable
manner, when completed with its equipment, which has
been especially constructed for our requirements, will giye
us advantages of trai spoitatton by rail that are unsurpassed.
MERCHANDISE. — The increase in the value of merchandise
tores appears almost wholly in the Cubau Division, where
it seemed wise to own several commissaries in order that
the lab' rers at the mill and on the plantations might be supplied with food and other necessaries at reasonable prices.
Sooak Mill. The sum of §400,000 was expended during
the year on the sugar mill and its equipment. As stated
elsewhere, the mill has been completed and put in operation.
It will be the policy of your Directors to charge to the cost of
its •peration such expenditures for ordinary repairs or alterations to the mill as may be required from time to time.
INSURANCE FUND. Your attention is directed to page 20 in
famphlet, where are illustrated fully the operations of the
nsurance Fund, which have resulted in the accumulation
of assets at the close of the present fiscal year of approximately $18-2,000. These assets are not included in the Company's balance sheet.
LIABILITIES.
Capital Stock. The Company's stock was increased
during tlie year ten per cent, or $1,123,000, as provided for
by offering to the shareholders the right to subscribe for
ten per cent of their holdings, at par, as outlined in the
Company's circulars dated August 15, 1900. In addition to
this #16,500 in stock was issued for cash to pay for property
under and in accordance with one of the original agreements made upon the formation of the Company. This
transaction was delayed until proper titles could be delivered, and completes the execution of all such contracts.
our
1007
President.
8, 1901.
Union Lead & Oil Co.— Status.— We learn that since the
plan of consolidation with the American Linseed Co. was
abandoned, the Union Lead & Oil Co. has relirquished the
idea of going into the linseed oil business, and, confining
itself to lead products, has undertaken the construction at
Brooklyn of a large plant for the making of white lead. The
company has ore properties and reducing plants in Missouri.
President, Homer Wise, 32 Liberty St.— V. 72, p. 1191.
White Mountain Paper Co.— Acquisition.— The company
has purchased the plant and water rights of the Portsmouth
Manufacturing Co." at South Berwick, Me. The property acquired is valued at about $1,000.000.— V. 73. p. 964.
—
16,
1901.
Complaints of car shortage have ontinued to be quite
generally heard from interior points, which in turn have
been taken as positive confirmation of the heavy distribution
merchandise that is now going on throughout the country.
As to the volume of new business transacted, reports have
bceu somewhat irregular. In the iron aad steel trade business has continued active, orders for forward deliveries being
placed with considerable freedom, and there has been an acO.her lines cf trade, howtive demand for holiday goods.
ever, in the majority of instances, have been quieter. Manufacturers and dealers have been kept fairly bnsy on old
orders, but with the approaching end of the year and the
holiday season there is developing a disposition lo redeca
stocks on hand to smaller proportions; consequently mnch
of the buying now going on is of a hand-to mouth characPrice changes have been few, values for most staple
ter.
articles being well maintained.
Lard on the spot has continued to meet with only a small
sale, exporters are still out of the market, and the demand
from refiners has been quiet. Prices have held about steady,
as there has been no attempt to force sales, closing at 8-85c.
for prime Western and 8 35@8 50c. for prime City. Refined lard
has been quiet and prices have weakened slightly, closing at
Speculation in the market
9c. for refined for the Continent.
for contracts has been quiet and there have been no important changes in prices.
DATLT 0LO8IHG PRICES OF LARD FUTURES.
of
Sat.
Mon.
rue*.
Wed.
TKurt.
Fri.
890 890 8-90 8-85 8 90 8 90
November
Pork has had only a small jobbing sale locally, but prices
have not changed from $15@16 for mes3, $17@17 25 for family and $17@18 50 for short clear. Cut meats have been quiet
and easy at 7@7^c. for pickled shoulders, 9%@10%c. for
pickled hams and 8%@9.i£e. for pickled bellies, 14^10 lbs.
average. Beef has had a moderate sale at full values, closing at $10@$10 50 for mess, $10 50@11 50 for packet, $11 50@
12 50 for family and $17 50@18 00 for extra India mess in tcs.
Tallow has been firmer, closing at 5 5 8«5^c. Stearines have
been quiet and easier, closing at 9%o. for lard stearine and
lOJ^c. for oleo stearine. Cotton seed oil has continued to sell
slowly, and prices have weakened to 343^@35c. for prime
yellow. Butter has been in light supply and firmer for deCheese
sirable grades, closing at 17@24^c. for creamery.
has been in moderate demand and firmer at 8^@103^c. for
State factory, full cream. Fresh eggs have been scarce and
higher for best grades, closing firm at 28c. for choice
Western.
Brazil grades of coffee have sold with considerable freedom in a large way, as there has been an active speculative
business. The tone, however, has been unsettled, owing to
conflicting crop news from Brazil. Rains have been reported
Some advices claim that they have
in the Santos districts.
come too late to be of material benefit to the crop, while
others report that the crop outlook is improving. The close
was steady at 6%c. for Rio No. 7. West India growths were
active early in the week, but close quiet. Speculation in the
market for contracts has been active. The cour.-e of prices
has been very irregular, but showing a decline for the week
under profit-taking sales by longs. The close was steady.
Fol'owing are the closing asked prices
7 20c
Nov
685o. July
6-50o. Maroh
7<iOo. Aag
Deo
7 25e.
6 55o. May
Sept
7T5o.
7 35o.
Jan
6 650. June
Raw sugars have been dull and easy, closing at 3%c. for
:
!
An announcement is made in another colnmn of the
Mine Securities Corporation, which besides being a large
l
mine owner and operator of mines, has organized a depart- centrifugals 96-deg. test and 3 £c. for muscovado fc9 deg.
test.
quiet
and prices have weakened
Refined
been
sugar has
ment for the examination of mining enterprises, both as to
to
staple
groceries have been
4
for
Other
90c.
granulated.
their physical and financial condition. The President and
I
Thomas J. Hurley, the Vice- steady to firm.
Kentucky tobacco has had only a limited sale in the local
President and General Manager of both the Exploration
Company of New York and the Guanajuato Company of market, but Western advices have reported a fair business
chief executive officer
is
Mr.
Mexico, and the President of the Natalie and tte Occidental
mining companies of Colorado. From the fact that some of
the leading trust companies do not care to act as transfer
agents for new enterprises, it is thought that this corporation, acting as tran&fer agents for responsible miting
companies, will be of much interest to mining circles.
" The Financial Half- Year," issued from The Times Pub
lishing effice, Printing House Square, London, has come to
hand. The edition is volume 2 and covers the half-year,
April 1 to September 30. The various financial interests are
treated separately, under classifications, and a comprehensive index of some twenty-five pages affords a ready reference for any desired subject. Muoh space is given to reports
of earnings, dividends and range of prices. The price of the
—
book
—
is fifteen shillings.
$100. 000 Continental Tobacco seven per cent debentures
are offered by A. A. Lisman, 25 Broad Street, to net 5 per
cent. These are the only outstanding bonds of either the
American or Continental Tobacco Company, the constituent
companies of the Consolidated Tobacco Company.
transacted at unchanged prices. Seed leaf tobacco has received only a limited amount of attention. The only sale of
importance for the week was 1,200 cases 1900 crop, Wisconsin Havana seed, at 16@18c.
Foreign grades of tobacco were
quiet but steady.
The market for Straits tin has been firmer for spot supplies.
Available supplies are under close control and with a moderate demand prices have been advanced to 26 75@27 25c,
closing firm. The market for copper has been quiet prices
;
quoted for Lake have been unchanged at 16'85(<2l7c. Lead
has been unchanged at 4-37^c. Spelter has weakened
slightly, closing at 4 30c.
Pig iron has been in active de-
mand and
firm at $13@15 50.
Rtfined petroleum has been unchanged, closing steady at
7 65c. in bbls., 8*75c. in cases and 5 10c. in bulk. Naphtha
has been unchanged at 9 05c. Credit balances have been unchanged at $1 30. Spirits of turpentine has been quiet, but
the close was steady at 37 t 388^0. Rosins have been in fair
demand and firmer, closing at $1 50 for common and good
strained.
Wool has been in less active demand but firmly
held. Hops have been dull and unchanged.
THE CHRONICLE.
1068
COTTON.
Friday Night, November 15, 1901.
The Movement of the Crop, as Indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total reoeipts have reached 380,004 bales,
against 835,484 bales last week and 406,290 bales the previous
week, making the total reoeipts since the 1st of Sept., 1901,
2,742,650 bales, against 2,794,987 bales for the same period of
1900, showing a decrease slnoe Sept. 1, 1901, of 52,437 bales.
Mtceipts
at—
Hon.
Bat.
Wed.
Tue*.
Thv.rs.
Fri.
9,658 15,313 20,787 10,326 11,292 13,288
Bab. Pass, &o.
8,948
New Orleans. 13,155 18,865 21,976 19,537 10,354 10,334
617
828 1,739 1,025
Mobile....
810 2,614
4,860
Pensaoola, Ac.
9,609
9,457 9,938 11,723 8,237 6,741
9,243
Brunsw'k.&c.
Charleston
1,913
2,211
2,639 3,279 2,283 2,868
.
[Vol. lxxiii.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
oleared, at the ports named,
add similar figures for
Mew York, which are prepared for our speoial use by Messrs.
We
Lambert ft Barrows, Produce Exchange Building.
OBt
Nov. 15 at-
8HIPBOAKD, WOT OLEABED
Leaving
°r*°'
0er '
Other
«_.
Britain] ** ne*\ many. For'gn
!
I
New
Orleans.
FOB—
OoaslWit*.
19,945 22.750 11,862 14.691 1,758
27,888 14.065 23,746 3,828 1,600
7,400 5,000 25,000 2,900
4,500
9,800 1,500
3,000
5,000
1,500
13,000
3,000
500 2,600
10,000
8,000
stock.
Total.
70,896
71,122
40,300
15,800
8,000
14,500
6,000
18,000
183,628
99.473
108,727
16.455
16,592
15,490
70,702
46,123
Total 1901..
77,233 41,815 83.908 25,301 16,358 244,618
557,190
Total 1900.
Total 1899.
82,456 27.799 44,614 15.756 22,381 193,006
•'32,755 180,838
76,031
52.075l29.972
544,047
792,469
Total.
Galveston
80,664
8,948
94,221
7,562
4,860
55,705
9,243
15,193
Charleston
Mobile
Norfolk
Savannah
. .
New York
Other ports
Speculation in cotton for future delivery has been moderand for the week prices show a slight improvement. Daring the first few days the market displayed a
38
sagging tendency. The movement of the crop to the ports con5,149 2,391
2,256 1,253
4,458 3,107
tinned on a fairly liberal scale. The advices from European
1,486
N'p't News, Ac.
markets were disappointing, Liverpool in particular failing
857
356
833 2,352 2,348
494
New York
to respond to any improvement in local values.
Indications
813
997 1,448 2,127 1,096
Boston.........
174
point to foreign spinners being strongly imbued with the
5,598
Baltimore
idea that the yield of the present crop will be a fairly large
815
609
180
289
115
40
Phlladel'a, Ac
one, the favorable weather conditions in the South for the
Tot. this week 43,023 55,731 70,246 47,980 42,088 70,936 330,004 past two monthp, it is believed, having added considerably to
The following shows the week's total reoeipts, the total since the size of the crop. An estimate of a crop in excess of 11,000,000 bales was reported early in the week, and this, too,
Sept. 1,1901, and the stook to-night, compared with last year.
had its influence against the market. On Thursday there
Stock.
developed a better undertone. The movement of the crop,
1901.
1900.
Receipts to
particularly in the Southwest, showed a decided falling off,
This Since Sep. This Since Sep.
Nov. 15.
1901.
1900.
aud this, coupled with more encouraging advices from Liverweek.
week.
1, 1901.
1, 1900.
pool, stimulated buying by bear operators to cover contracts,
Galveston... 80,664
825,132 105,414 670,279 170,595 221,502 on which prices advanced sharply.
To-day there was a
...
Sab.P.,<bo.
8,948
15,682
1,008
10,411
slightly easier market under disappointing Liverpool adNew Orleans 94,221 724,976 78,597 936,802 254,524 236,047 vices. During the day, however, there was a better tone, as
Mobile
7,562
75,215
4,594
61,111
23,345 predictions of a cold wave in the cotton belt and a continued
24,592
39,036
P'sacola, die.
4,860
smaller crop movement stimulated further buying on the
6,037
35,666
Savannah... 55,705 501,024 29,611 476,489 149,027
87,349 part of shorts to cover contracts, and prices advanced a few
52.093
Bx'wlok.dio.
9,243
4,627
38,210
5,381 points. The close was reported barely steady, with prices
4,689
9,269 145,819
Charleston.. 15,193 107,164
32,255
22,775 3 points lower to 1 point higher for the day. Cotton on the
spot has been quiet, but prices have advanced to 8c. for
26 S
359
31
208
P.Royal.&o.
8,228
155,641
15,630
13,962 middling uplands.
Wilmington. 12,264 137,913
The rates on and off middling, as established Nov. SI, 1900,
38
176
29
355
Wanh'n, Ac
18,614 174,567 12,932 171,117
29,990
37.367 by the Revision Committee, at whioh grades other than
5,490
14,242
1,486
4,827
1,660
N'portN.,&c
6,999 middling may be delivered on oontraot, are as follows.
Pair
o. l^on Strict Good Mid. Tinged. o. s.
^18 on
7,240
31,890
351
York...
7,393
76,702
42,425
New
middling Fair
\ on Good Middling Tinged
Ei
Even
19,705
52,495
8,010
26,000
28,000 strict Good Middling...... *son Middling Tinged
6,155
i« off
22,641
4,296
12,141
11,069
5,598
7,638
Baltimore .
>ood Middling
&ieon Strict Low Middling Tinged »g off
Sieofl Middling Stained
>« ofl
713
9,482
6,608
5,075
4,263 Strict Low Middling
1,948
Philadel.&c.
Pt. Royal. Ac
Wilmington....
Wash'ton.&o.
1,960
2,922
1,351
2,274
2,735
330,004 2,742,550 278,572 2,794.987
Totals
265
265
1,022
12,264
38
18,614
1,486
7,240
6,155
5,593
1,948
801,808
737.053
may be made with other years,
totals at leading ports for six seasons.
In order that comparison
we give below the
at—
Receipt*
Galves'n,<fce.
New Orleans
Mobile
Savannah...
Ohas'ton, Ao
Wllm'ton, Ao
Norfolk
N. News, Ao.
All others...
lot. this
1901.
1900.
1899.
89,612
94,221
7,562
55.705
15,458
12,302
18,014
1,496
35.044
106,420
78,597
4,594
29,611
9,300
8,257
12,932
4,827
24,034
95,777
63,087
6,034
43,921
14,348
10.813
19,843
683
16,528
wk. 330,004
278,572
1897.
1898.
270,934
107,147
104,698
17,254
59,709
19,515
18,060
40,863
2,642
46,754
416,612
1896.
ately active,
low Middling
Good Ordinary
aood Ordinary
UPLANDS.
57,272
87,522
13,648
37,956
25,921
17,015
50,769
598
3ood Ordinary,
998
uow Middling..
411,309
24,586
315,717
%
Strict Low Mid. Stained... l>«ofi
Low Middling Stained
l^ofl
On this basis the offloial prices for a few of the grades for
the past week— Nov. 9 to Nov. 15— would be as follows.
118,151
114,200
16,001
55,189
22,602
15,200
29,413
39,955
7ie<>ff
off
l'-ieofl
9triot
Sat.
Stood Ordinary.
.,ow Middling..
Hon Toes Wed
613 16
fllddllng
7
e
8<>8
GULF.
7
7
Jood Middling.,
Middling Pair...
613 16
Sat.
Middling
8*
middling Fair..
815 16
6%
Middling
738
7»s
7*
7 78
7'8
Mniim Nov. 15,
From
1901.
Sett.
Sxvorted to—
from—
43.8-8
New
1901, to
Or tat France Oonti- Jotai
ntnt.
Brit'n.
Sab. Past,
1,
Ac
.
Orlean*.
Mobile
Bruniwtok ...
Charleston
Port Royal.
Wilmington.
11,800
11,884
1650
7,080
40,805
7,850
6,915
1,268
3,200
17,958
17,897
great
trance
Wttk. Britain.
312.905 141,999
1,650
224,521 68.449
67.072
8,730
48,655
8,915
4,456
85,865
5,222
5,222
AT<n
1.
16,
1901
Bzvorted to—
.
?6,280
i0,418
1,700
91,069
14,651
Total
181,048
635,952
8,466
10,118
46S.961
7,546
13,683
166,393
Middling Tinged...
16
8
5
Si
79
"
ie
8
8 16
ft*
8 15 16
63a
738
St 16
ZI»«
7 9 16
8*
89l«
8*4
» 9 16
9
9
TM. Frl.
6*
715 16
16
ZI
79 ie
7i5 16
7ifl
76s
8
6is
7**
7"8
8
The quotations for middling upland at New York on
Nov. 15 for eaoh of the past 82 years have been as follows.
1893. ...0. 83 16
1885. ...o. 9%
1877.. ..aim
12
1892 „... 9^
1884
1876
10^
13i*
107 16
8*8
1875
1891
1883
1890 ...... 98s
1882
lO*
1874
1898.
14'e
10*4
ll 7e
1873
1889
1881
1897.
15H
1888 .....10
1880
10l5i8 1872
1896.
19k
12i«
7
1887 .....1038
1871
1895.
8 16
,1879
185b
93 18
1886.
1870
16*
1894.
1878
93s
58s
Note.—On Oct. 1, 1874, grades of ootton as quoted were changed.
According to the new classification Middling was on that day qnoted
3so. lower than Middling of the old classification.
1901.. ..o. 8
Continent.
175991
Low
73, 6
Mon Tnei Wed
urn Middling.
iood Middling Tinged
7*
7%
B
I
3
She
The exports for the week ending this evening reaoh a total
of 286,601 bales, of which 146,769 were to Great Britain, 11,500
to France and 78,332 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1901.
W**k
7*8
Jood Middling.,
Strict
2i
79
1
7lie
Sat.
|
"
6*8
7i«
7i5 16
5
HH
£ . 16
8%
811m 8H 16 8%
Moil Tucs Wed Tk. Frl.
868
2742,550 2794,987 2559,112 3592,247 3345,778 3241,445
1
|
7^
7i5 16
8*4
7 8
STAINED.
Slnoe Sept.
67s
TM. Frl
33,826
35,781
25,950
10.H24
872,113
86,874
16,756
14,975
30,731
72,734
123,076
1900
1899
913 16
79i«
538
513 16
8
MABKET AND
SALES.
. .
.
N'port N..
Ac
New York
50,342
2,249
8.231
8,281
1.466
1.466
10,316
2,039
9,296
108,746
10,316
189.5C8
2,736
9
2,421
2,001
2,744
4,422
47,184
15,141
....
700
7,067
Philadelphia..
San Fran.. Ao..
Total, 1900
32.999
2,249
14,147
...
......
18,852
200
......
••••••
7.620
.
7,309
7,520
73,454
649
12,842
47,833
27,983
200
900
21.283
21,288
146.769
11,500
78,882 236,601
959,209 234,107
760,173 1.953.480
84,318
24,428
48,935 157,681 1,034.733 208,910
729,616 1,971,259
Spot Mabkii
Closed.
Saturday
Monday..
Toesday
FCTDBE8
MABKET
Closed.
Quiet at lis adv. Steady
Quiet
Steady
Quiet at lie ad^- Steady
Wednesday Qalet
..
steady
Thursday.. yulet at lie adv. Sceady
Friday
Quiet
JB'rly steady.
Total.
Sales of Spot
& Contbact.
Ex-
Oon-
Con-
port.
sump.
tract.
112
"3"5
459
222
78
906
600
300
600
Total.
112
600
335
1,059
222
78
1,500
2,406
November
THE CHRONICLE.
1901. J
16,
Futures.— Highest, lowest and oloslng prices at N ew York
1009
At the Intkuiob Towns the movement— that is
the receipts
since September 1, the shipments for tne
week and the stocks to-night, and the same items for the
aorresponding period of 1900— is set out in detail below.
(or the
week and
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e
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WH©. W©Or-©0J©H©WHWilt©©w
s
w
w
w
o
Thb Visible supply op (Cotton to-night, as made up bj
I
w
to
Vu
I"*
l*t
CO
I
to
lltHi^tO
w X
^ohwj^h a to tow
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'
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Nov. 15), we add the item of exports from the United States,
Including in it the exports of Friday only.
1901
1900.
1899*
1898.
Stook at Liverpool.
..bales. 291.000
365.000 744,000 792,000
Stook at London
14,000
4,000
7,000
2,000
Total Great Britain stook. 298,000 379,000 746,000 796,000
Stook at Hamburg
12,000
25,000
13,000
15,000
Stook at Bremen
73,000 109,000 156,000
102,000
Stook at Amsterdam
1,000
1,000
Stook at Rotterdam
200
300
200
Stook at Antwerp
3,000
4,000
4,000
8,000
Stook at Havre
72,000
84,000
170,000
112,000
Stook at Mar Bellies
2,000
2,000
4,000
4,000
Stook at Barcelona
30,000
15,000
21,000
60,000
Stook at Genoa
23,000
10,000
11,000
13,000
Stock at Trieste
11,000
4,000
1,000
9,000
Total Continental stocks.
206,000 241,200 442,300 295,200
Total European stocks.... 504,000 6*0,200 l,18f,300 1,091.200
India cotton afloat for Europe
8,000
49.00C
4,000
13,000
Amer ootton afloat for E'rope. 928,000 788,000 585,000 1,040,000
Egypt, Brazll,&o.,allt. for E fpe
65,000
51,000
62,000
48.000
Stock in Alexandria, Egypt
151,000 127,000 153,000
151,000
Stook In Bombay. India
105,000 153,000 180,000 155.000
Stook in United States ports
801,808 737,053 983,302 1,164 812
8tock in U. 8. Interior towns.
601,545 590,008 731,002 637,233
United States exports to-day..
31.758
43,718
18,°a8
69.510
Total visible supply
3,193.111 3,135,971 3,908,122 4,372,755
Of the above, totals of American and other descriptions are as follows:
f
WHtOH H tS
o o«
MrftHH tOHHtO
O tO 00 H>; QDMM_tl)9a*>ll W©® W H_Hp W_W_W_W H ? o
h Has o *t"*t"^k ® o oooo h oleic to h *.qo oV w ©ooo wooV: bo© H a*
aowoaowwow,
ooo u© w tote w wo tOiH©^ i^cc wo© o •
OOWOHHitt©H. Q O nt ;c O OOW©OOH0D0CWOWOW
The aDOve totals snow that the interior stocks have tntreased during the week 28,178 bales, and are to-night 11,537
tales more than at same period last year. The receipts at all
towns have been 200,167 bales less than same week last year.
Overland Movement fob the Week and Since Sept. 1.—
Wq give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
©
OH©j|t
;
i.
lit
)f.
reports Friday night.
Nov. 15 and since Sept.
The
1
results for the week ending
in the last two years are as follows.
1901.
November
15.
Week.
Snipped—
Via St. Louis.
._
-._.. 39,255
Since
Ifee*.
1.
Sept.
1.
7,921
3,386
16,071
288,803
71,077
4,270
22,319
30,664
15,900
60,745
74,428
379,284 101,090
493,778
13,370
4,206
657
78,637
39,692
11,499
113,353 18,233
129,828
82.857
363,950
i'.boo
........
Since
Sept.
209,787 60.209
32,290 15,104
1,518
4,952
9,535
37.057
7,235
2,293
20.754
9,789
64,861
6,795
Via Paduoah
Via Rook Inland
Via Louisvlhe.... ......
Via Cincinnati
Via other routes, <ko.._
1900.
.
American—
Liverpool stook
Continental stooks
309,000 652,000 707,000
218.000 398.000 248,000
American afloat for Europe...
768,000 585 000 1,010.000
United States stook
737,053 983,302 1,164,812
United States Interior stooks.
590,008 731,002 637,233
United States exports to-day.
43,718
18,518
69.510
Total Amerloan
2,752,111 2.665,779 3,367,822 3,866,555
Matt Indian. Brazil, deLiverpool stook
71,000
56,000
92,000
85,000
London stock...
7,000
14.000
4,000
2,000
Continental stocks
37,000
23,200
47,200
44,300
India afloat for Europe
8,000
49,000
13,000
4.000
gypt. Brazil, <feo. afloat
62,000
48,000
51,000
65,000
Stock in Alexandria, Egypt. . . 151 ,000 127,000 153,000 151,000
Stook In Bombay, India
105,000 153,000 180,000
155,000
Total East India, <feo
441,000 470,200 540.300 506,^00
Total Amerloan
2,752,1 11 2.665,779 3.367.822 S.SQtf.^S
Total visible supply.
..3,193 111 3,135,979 3,908,122 4,372.765
Middling Upland, Liverpool
43 3 od.
8i«ad.
ddling Upland,' Tew York
^so.'
5380.
'"^C*.
79ie0.
Egypt Good Brown, Liverpool 5i3 16 d.
73 lfl d
4\ed
Shed.
Peruv. Bough Good, Liverpool
7d.
6\d.
77,ad'
73td.
Broaoh Fine, Liverpool
47 32 d.
5i5 lfl d
43 16 d.
3>4d.
Tlnnevelly Good, Liverpool...
47 16 d.
5i|d.
3l5 16 d.
3d.
bales.
.
220,000
169,000
928,000
801,808
601,545
31,758
,
t3T Continental imports past week have been 115,000 bales.
The above figures indicate an increase in 1901 of 57,132
bales as compared with same date of 1900, a loss of 715,011
bales from 1899 and a decline of 1,179,644 bales from 1898
Deduct
iMpments—
Overland to N. Y., Boston,
<to..
Inland, Ac, from South
20.941
1.49S
83,718
16,656
12,849
643
Total to be deducted
23,062
Leaving total netoverland*.. 51.346
Inoludlng movement by rail to Canada.
266,031
The foregoing shows the week's net overland movement
year has been 51,346 bales, against 82,857 bales for the
in 1900, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 97,919 bales.
this
week
1900.
1901.
in Sight and Spinner r
Taking t.
Week.
Since
Sept.
1.
Vietk.
Since
Sept.
1.
380,004 2,742,550 278.572 2,794,937
51,346 266,031 82,857 363,950
Southern consumption to Nov. 15 35,000 368,000 30.000 323,000
Receipts at ports to Nov. 15
Set overland to Nov. 15
416,3503,376,581 391.429 3.4S1.937
472,240 44,045 545,381
2s, 178
Total marketed
stooks In excess
interior
Came Into sight during week. 444,528
435,1
.-Total In sight Nov. 15
3,848,821
florth'n spinners tak'gs to
Movement
Nov.16
84,255
1896
475,106100,646
4,027,318
540,270
into sight in previous years.
Week.
i8»9
L898
1897
......
-
bales. 397.910
500 9^6
564.274
413,443
1899
1898
1897
1896
Si", t Sept. 1.
.bales. 3,786.768
4,713,854
4,446,943
4,183,940
THE CHRONICLE.
1070
—
Quotations for Middling Cotton at Other Markets.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Week ending
Nov. 15
Satur.
Galveston...
New Orleans
Mobile
Savannah...
Charleston
Wilmington.
Norfolk
..
Baltimore
.
.
Philadelphia
Augusta
....
Memphis
8t.
Louis
Houston
Cincinnati
Louisville
CLOSING QUOTATIONS FOB MIDDLING COTTOH
.
Tue*.
Wednes.
Thurs.
738
7 7 16
7 7 16
714
7*8
7i«
712
76je
7*s
7»4
7>4
7iB 16
788
83ie
7*3
7»8
738
738
7»
7M
7*
7*4
7*6
7>«
7»«
7»«
7>4
7>4
7 78
7>«
7*8
7*4
7»4
71*16
7\
7ifl
7^
7H
7>4
7 8
7\
H»8
7»8
7»4
739
73e
788
8»16
73g
8»s
738
7>«
738
73s
7*
.
.
738
714
Mon.
7*
738
738
7»3
738
7ifl
738
738
.Fri.
7*2
7%
7»«
74
7*4
Z°i«
8
71*16
70s
8>4
768
77 1 e»i3
73l6
73a
738
7*8
7^
712
Z!l8
73a
7ifl
714
738
7%
738
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Nashville
7 1*
Columbus, Miss 634
Athens
7^
7*8
Natchez
Eufaula
Atlanta...
7
7 3 ie
The
Charlotte
Columbus Qa
Little Rook ...
Montgomery.
73 19
6 7a
.
Raleigh
8hreveport....
634
7»e
7k
7^
Weather Reports by Telegraph.— Our
telegraphic advices from the South this evening denote that the weather
during the week has on the whole been favorable for gathering and marketing cotton, and that good progress has been
Some correspondents
that picking is nearing
completion. Killing frosts are reported from a few points
and light fro3ts trom a number of other localities.
Galveston, Texas.—
have had rain on one day during
the week, to the extent of twenty -eight hundredths of an
inch. Average thermometer 62, highest 78 and lowest 46.
Corpus Christi, Texas. Rain has fallen on one day of the
week, to the extent of fifty-two hundredths of an inch. The
thermometer has averaged 61, highest being 74 and lowest 48.
Palestine, Texas.
have had rain on three days during
the week, to the extent of seventy-eight hundredths of an
inch. The thermometer has averaged 59, ranging from 40
to 78.
San Antonio, Texas. There has been rain on two days of
the week, to the extent of sixty-two hundredths of an inch.
Aver a ge thermometer 63, highest 82, lowest 44.
for,^ Worth, Texas—
have had rain on two days of
the week, the precipitation reaching sixty two hundredths
of an inch. The thermometer has ranged from 50 to 78,
made.
state
We
—
— We
—
We
averaging
mometer has averaged 59, the highest being 84. and the
lowest 42.
Augusta, Georgia.—The crop is practically all in; only
scattered picking remains to be done. We have had rain on
one day during the week, to the extent of four hundredths
of an inch. The thermometer has averaged 57, rancrinK
from 37 to 70.
Savannah, Georgia.— \t has been dry all the week. Thermometer has ranged from 44 to 76, averaging 6).
Charleston, South Carolina. We have had rain on two
days during the week, the precipitation being one hundredth
of an inch.
Average thermometer 59, highest 75, lowest 44.
Stateburg, South Carolina.— Frost on low grounds on two
days. Rain has fallen on ons day during the week, to the
extent of fifteen hundredths of an inch. The thermometer
has averaged 55-8, the highest being 63 and the lowest 39.
Greenwood, South Carolina. There has been no rain during the week. The thermometer has averaged 52, ranging
from 36 to 69.
Charlotte, North Carolina. We have had a week of perfect weather for picking cotton.
There has been a rainfall
of only five hundredths of an inch, and the thermometer has
ranged from 33 to 66, averaging 53.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o'clock Nov. 14, 1901, and Nov. 15, 1900.
—
7*8
M
7»4
—
—
Sew Orleans
ffashvllle.
Shreveport....
TlokBburg
Columbus, Mississippi.
— We
had heavy
frost
and
ice
on
has been showery on one day of the
week, the precipitation reaching forty-five hundredths of an
inch. The thermometer has averaged 50, the highest being
70 and the lowest 30.
Leland, Mississippi.—The week's rainfall has been twenty
hundredths of an inch. The thermometer averaged 58 3,
ranging from 34 to 76.
Vieksburg, Mississippi.—Picking is progressing well and
cotton is being marketed freely. It has rained on one day of
the week, to the extent of eleven hundredths of an inc h.
The thermometer has ranged from 40 to 78, averaging 61.
Greenville, Mississippi.— Dry and cold during the week,
Wednesday morning.
with two
It
frosts.
lowest 37.
Helena, Arkansas.— Frost killed leaves but did not damage
bolls.
There has been rain on one day during the week, the
rainfall being thirty six hundredths of an inch. The thermometer has averaged 55, ranging from 33 to 74.
Memphis, Tennessee.— General killing frost occurred on
November 13, against November 9 last year and October 27
in an average year. Picking and marketing aie progressing
rapidly.
have had rain on two days during the week, the
precipitation being thirty-seven hundredths of an inch.
Average thermometer 55-4, highest 73-4, lowest 37.
Mobile. Alabama. — Light frosts in the interior during the
week.
have had no rain. The thermometer has averaged 58, ranging from 42 to 77.
Montgomery, Alabama.— Light frost has occurred on three
days. Picking and marketing continue uninterruptedly.
have had rain on one day of the week, the precipitation
reaching five hundredths of an inch. The thermometer has
ranged from 39 to 75, averaging 58.
Selma, Alabama.—The top crop will be light in this section.
have had rain
Picking is nearing completion.
on one day during the week, to the extent of forty-one
hundredths of an inch. Average thermometer 55, highest
75 and lowest 33.
Madison, Florida. There has been rain on one day of the
week, to the extent of ten hundredths of an inch. The ther-
We
We
1901.
Receipts at—
6-4
10
83
1-6
0-6
14
11-3
Bombay.
1900.
Since
Week.
102,000
1899.
8inc*
Week.
Sept. 1.
11,000
For the Week.
Sept. 1.
22 000
38,000
5,000
Since
Week.
Sept. 1.
106,000
Since September
1.
Mxportt
Great
Continent.
Britain.
Total.
Great
Britain.
Contitotal.
nent
Bombay—
1901
1900
1899
Calcutta—
1901
1900
189J
10,000
18,000
58,000
2,000
18,000
68,000
2,000
1,000
1,000
3,000
8,000
2,000
3.000
8,000
2,000
i",6o6
i'.obo
3,000
2,000
1,000
3,000
2,000
1,000
3"obo
3"6bo
1,000
17.000
21.000
9,000
17,000
22,000
9,000
6,000
5,000
11,000
41,000
89,000
14,000
41,000
100,000
14,000
Madras—
1901
1900
1899
All others—
1901
1900
1899
Total all—
1901
1900
1899
Alexandria Receipts and Shipments of Cotton.—
November
1900
1901.
13.
1899.
•ieoelpts (oantars*) . .
This week
Since Sept. 1
320,000
2.025,000
,
310000
8ept.\.
320,000
2,286,000
1,570,000
Since
This
week.
Since
week.
Sept.
1.
Thts
week.
Sine*
Sept.l.
exports (bales)—
1*0
2,000
16,000
Liverpool...
To Continent
t.
Total Europe
*
t
A oantar Is 98
59.000 13.000
93,000 6,000
66.000 18.000
50,000 14 000
97.000
93,000
18,000 154,000! 19,000 116,000 32,000 190,000
pounds.
Of milieu to America In 1901,17,149 bales; In 1900 10,973 bales;
In 1899. 18.142 bales.
Manchester Market,— Our report received by cable
to-night from Manchester states that the market continues
quiet for both yarns and shirtings. Tne demand for home
give the prices for to-day below and leave
trade is poor.
thosb tor previous weeks of this and last year for comparison
We
We
1900.
1901.
814 lot. Shirt- Oott'n
32* Oop. ings,
Twist.
We
—
43
01
—
Alexandria, Egypt,
Little Rock, Arkansas.— Cotton picking is nearing completion.
There has been rain on one day of the week, the
rainfall reaching forty eight hundredths of an inch. The
thermometer has averaged 56, the highest being 75 and the
Feet.
8 2
Difficulties Which Just Now Beset Cotton Manufacturing.— In our editorial columns to-day will be found an
artiole^under the above caption in which the recent developments at Fall River are considered.
India Cotton Movement from all Ports. The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending Nov. 14, and for the season from 8ept. 1
to Nov. 14 for three years have been as follows:
New
thermometer has averaged 64.
Shreveport, Louisiana.— Lrght frost on the 13th. Rain has
fallen on three days of the week, to the extent of ninety-nine
hundredths of an inch. Average thermometer 58, highest 76,
Feet.
....Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gac ge.
Above zero of gauge.
Memphis
from—
Orleans, Louisiana.— Rain has fallen on one dayof the
week, the rainfall being one hundredth of an inch. The
14, '01. Nov. 16, '00
.Vot>.
64.
lowest 40
[Vol. LXXIII.
d.
d.
7H ©8*8
" 18 75 16 083 16
" 25 7*8 »8
Nov.l 7
«7 78
00.11
"
8 684
" 15658
f»71«
»7i«
common Mid. 32s
Uplds
to finest.
8.
d.
5
4
5
5
31*98
8.
©8
4498
OH H*
5
3
5
1^98
5
d.
3
3
2
91
10>a
d
d
d.
431 sa 8l5 18 i»9 78
42932 834 19\
4 16 *38 »9»«
4 7 lfl 83s »9>«
8I4 S938
45]
4 5 16 83 16 a>938
n
8H
lbs. Shirt- Oott'n
Oop. ings,
Twist.
common Mid.
Uplds
to finest.
8.
5
5
5
5
5
5
d.
s.
6i«08
6 08
d.
l^
4»fl»7 11
4^97
11
4>«'»7 11
6 f»8
d.
6
68s
5 7 S2
5833
b»33
5 9 i«
November
THE CHROMOIF,
10, 1901.]
European cotton consumption to Nov. l.-Hy cable
to-day we have Mr. Ellison's cotton figures brought down to
November 1. We give also revised totals for last year that
comparison may be made. The spinners takings in act mil
bales
and pounds have been as follows:
Oct. 1 to
Xov.
Ureal Britain
1
Oontinent.
Tola.
For 1001.
Takings by spinners... bales
Average weight of bales. lbs
239,000
496
118,372,000
325,000
494
160,550,000
204,000
489
99.960.000
203,000
481
97.730.0O0
564,000
4!>4'5
278,922000
For 1900.
Takings by spinners. .bales
Average weight of bales. lbs
.
407,000
485-7
197,690 OOO
According to the above, the average weight of the delivene
Great Britain is 490 pounds per bale this season, agairiNt
489 pounds during the same time last season. The Continental
deliveries average 494 pounds, against 481 pounds last year.
and for the whole of Europe the deliveries average 491*5
Our
pounds per bale, against 485*7 pounds last season.
in
dispatch also gives the full movement for this year and laet
year in bales of 500 pounds.
1071
l:,iui balei.
Liverpool - > ov. 9— Steamers Ban-liter,
Yeddo 7.2U0 .. Nov 11 —
10,2:«V; Kaiatlga. U,3f0;
Nov. 13- Steamer BarbaSteamer NH-ataguan, 7,8">3
Nkw Orleans— To
40.805
dian, 9.1«>3
1.250
To Copenhagen- Nov. 14 Steamer .Madeline 1.260
6.600
To Batch, uu Nov ll-Bteamer Oatallna, f,6O0
lUlT^'M m- To LUerpf ol— Nov. fc— hteumeiH Begoila. 7.178;
Nov. 9—Steamer
Horatius. 9,964; Marwarrl, 15,19,
37.711
Acoomac, 5.342
6177
To Manohenter— Nov. 14-Steamer Nlot-to 077
11.300
To Havre— Nov, 11-Bteaiuer Mlneola. ll.'dOO
To Hamburg— Nov. 6-Steamer North Satidc. 'J.bOO
Nov 9-htearuer Rosailo. 1,486
To Antwerp Nov a- Steamer Wliberloree. 7,598
SABINK Pass— To Liverpool -Nov. 13 Steamer Alagoula. 1.6 ,0
To Bremen -Nov. Id— 8teamer R >bt. A«1hiii>ou, 7,obO
Mobilk— To Liverpool -Nov. 11— Steamer Venx, 5,915
fKHBAOOLA— To LI verpool-Nov. 9-Str. Alicia (additional).
4,286
7,598
1,«50
7,080
5,915
1.256
3,^00
1.256
ToGenoa— Nov. 13— Steamer Deptford, 3.20D
Savannah— To Llverpool-Nov. 14— Steamer Holywell,
10.488
upland and 60 Sea Island
10.538
To Manchester -Nov. 8-8teamer Volag\ 6,639 upland and
7,420
7*1 Sea Island
Nov. 15—
To Bremen-Nov 8-Bteamer Tynedale, 5,785
Steamer Westward Ho, 12,100 upland ami 62 Sea Island 17,897
Uronswiok— To Liverpool— Nov. 9— Steamer Falrmead, 5,222 5.222
VVILMinqton-To Liverpool Nov. 12-Str. Candleshoe, 14,147 14,147
11,105
To Bremen— Nov 9 -Steamer Mountby, 11.10 1
7,747
To Ghent— Nov. 14— Steamer Hurworth. 7,747
2,249
Norkolk— To Liverpool— Nov. 12-Steamer Lugano, 2,249
Nbwpobt News—To Liverpool -Nov. 14—Btr. Kanawha, 1,466 1,466
cjoston -To Liverpool— Nov.
coman, 2,582.
8— Steamers
8ylvanla, 153; Tur-
2,735
9
2,421
2,001
4,499
3,021
9
To Yarmouth -Nov. 9— Steamer
Baltimore— To Liverpool -Nov. 8 -Steamer Velamore, 2,421.
To Bremen- Nov. 13— Steamer Main, 2,001
Seattle— To Japan— Nov. 12 -Steamer Idzanil Maru. 4,499...
Taooma—To Japan— Nov. 11—Steamer Olympia, 3,021
,
Oct. l to
Nov.
Bait* of 500
lbs.
1901.
l.
each,
OOOt omitted.
Brtal
Oonti
Britalit
nent.
1900.
Total.
237,
321,
363,
558,
Supply
Oonaumpt'n, 4 weeks
278,
240,
638,
352,
911
592
Spinners' stock Nov. 1
S3,
286,
319,
Spinners' stock Oot.l.
Takings to Nov.
I..
317.
36,
.
Oreat
Oonti
Britain
nent.
47.
Tot.
324
195
371,
199
246
200
519,
348.
765
548
46
171,
217.
3J4
Weekly Consumption,
000* omitted.
In October
Brit'n.
*60.
88.
149,
*50,
137
87,
The average weekly rate of consumption In Great Britain In eaoh
year is as given by Mr. Ellison, after allowing for stoppage or spindles
consequenoe of short supply of cotton.
that the weekly consumption is now
148,000 bales of 500 pounds each, against 137,000 bales oi
like weights at the corresponding time last year.
The total
SDinners' stocks in Great Britain and on the Continent have
decreased 44,000 bales during the month, but are now
102.0CO bales more than at the same date last season.
In
The foregoing shows
Exports of Yarn from India to China.— We give below
a statement of the shipments of yarn from India to China
during the first six months of the calendar years 1878 to 1901,
To China (bales Jan. 1
June 30
1878
1879
1880
4co lbs. each).
22,528
23,338
3«.6t;0
1881
1882
1883
1834
1885
1886
1887
1888
1889
27,878
38,361
44,329
60,201
72,880
99,723
100,797
120,644
125,685
To China (bales
to
June 30—
400 lbs. each.)
1890
1891
1892
1893
1894
1895
149,973
193,287
185,452
178,574
176.2i3
170,460
1896.
220,37*
142,9 5
194,^98
305,263
1897
1898
1899
1900
1901
161, 177
256,211
The above indicates that the shipments to China during
the six months of 1931 have been much greater than in 1900,
than in 1899, when the heaviest total on
record was reached. At the same time the 1899 total is the
only one larger than that for 1901.
but considerably
less
Savannah Cotton Exchange.— At the annual election of
the Savannah Cotton Exchange, held Nov. 11th, the following
officers were chosen
President, J. P. Williams; Vice President, H. Weber; Directors, W. W. Williamson, F. D. Bloodworth, Wright Hunter, C. B. Malone. Charles Ellis, J. M.
Barnard Jr., John Flannery, W. S. Daffin, M.M.Hopkins
and E Karow; inspectors of the next election, J. J. Raners,
F. C. Hubbell and Otto Fritze.
1, JO
avannah. 17,958
A<b
Brunswick
Pensaoola.
601
1.250
7,58o
4,286
7.080
(
Wllmlugt'n 14.147
<i,*-'*y
Norfolk
••
......
......
Newi
ioston
....
total....
Jote Butts, Bagging,
&c— The market for
jute bagging
has been very quiet during the past week. Quotations have
been reduced to 5%c. for \% lbs. and 5%c. for 2 lbs., standard
grades. Car lots of standard brands are quoted at b% ad 6c,
f. o. b., according to quality.
Jnte butts continue dull at
1^®1%c. for paper quality and 2%@2>£c. for bagging
quality.
r
•r.r.rio
'»"pigrnr,B
Liverpool
c.
Manchester
c.
Havre
Bremen
100
To Warberg. per steamer Nloolil It., 293
To Copenhagen, per steamer Xenla. 202
To Barcelona per steamer Monteerrat, 200
TO Gei oa. per steamers Perugia, 838
To Venice, per steamer Pawnee, 200
To Trieste, per steamer Pawnee, 200
............
.............
'.
'.'.'.'...
1
9
O
4,456
OJ|o30
D c££
oZ,Joiy
i
2,249
Jj^OO
2,744
4 %*m
4,499
3,021
......
......
/
f
7,520 236,601
have been 21,283 bales from
Hamburg
c.
Ghent
Antwerp
c.
week ^ii"
bee»
Tues.
13314
13
13
13
13
13
17*
17*
17*
17*
17*
21
21
21
21
21
17
21
17 *
17*
19 920
15
27
32
15
27
32
15
27
32
21*
Wednes. Thurg.
Fri.
17*
17*
17*
17*
19920 19920 19020 19920
21*
21*
21*
SI*
19920
21*
c.
Reval, via Hull.. c.
Keval, via Canal. c.
St. Petersburg... c,
Vnrt- ev>c neat
*opvr
•>
Mon.
c.
15
27
32
27928
27928
27928
Barcelona
c
30
30
30
Genoa
c
20*24
20925
15
27
32
15
27
32
27928 27928 27928
30
SO
30
20925 20925 20926 20925
c,
28
28
28
28
28
Quotations are cents per 100 lbs. or fractions of a penny per
28
Trieste
lb.
—
LlVEUPOOL. by cable from Liverpool we navt cue folio*ing statement of the week's sales, stocks, 6to., at that port.
Nov.
Oct. 25.
-tales
of the
week
Amount afloat
Of whlon American
..
1.
Nov. 15
Nov. 8
47,000
31,000
1,700
30,000
2,700
..bales.
Of which exporters took...
Of which speculators took.
sales Amerloan
Actual export
Forwarded
Total stock— Estimated
Of which American— Est'd.
Total Import of the week
Of whleh Am erlcan
45.000
1,400
1,400
400
400
600
300
23.000
3,000
57,000
152,000
94,000
78,000
63,000
295,000
269,000
25,000
5,000
63.000
159,000
101.000
76.000
68,000
891,000
360,000
42,000
8,000
62,000
39,000
15,000
87,000
291.0O0
220,000
164,000
132.000
481,000
452,000
2 -'9,000
16:5,000
139.000
120,000
454.000
4^6,000
1
The tone of the Liverpool market for spots and futures
eaoh day of the week ending Nov. 15 and the daily closing
prioesof spot ootton, have been as follows.
Sat'day.
Bpot.
Market,
p.
m
)
Monday. Tuesday. Wed'day. Thund'y Friday.
Quiet.
Moderate
demand.
4*16
* B 16
5,000
8,000
7,000
7.000
8,000
8.000
500
500
500
500
500
500
(
»aies
ipeo
Aexp
01
Future*
298
202
Market
3
0|
0(0 1 J
Satur.
<
Hid. Dpl'ds.
649
200
.
7 ,U / Z
t)
the Pacific Coast.
1,0 iO
"!
Southwark,
t7,»t7
^ (DjD
9
2,001
Total battt.
... ......'.'..'.
......
mmmmmr
146,769 11,500 42.369 17,196 11,238
New _
York—_
To .Liverpool, per
b,3'^8
•....
»••••«
......
Exports to Japan since Sept.
12 80
steamer Georglo, 5,358
7,747
loiai.
4,499
3,021
Shipping mews.— As shown on a previous page, the
•xports of ootton from the United States the past week have
reached 236,601 Dales. The shipments In detail, as made up
from mail and telegraphic returns, are as follows:
To Hall, per steamer Ontario, 1,050
To Manchester, per steamer Dunottar, 64<*
To Havre, per steamer John Sanlerson. 200
To Antwerp, per steamers British Queen, 1
»•»..».
......
......
......
......
......
......
I,4UO
« /Ou
2,421
Baltimore.
Seattle....
Taooma....
....
......
11,105
.
N'p't
......
......
......
......
....*•
......
......
......
••••••
......
......
..«•••
17,897
......
A<
Japan,
At.
•a
1,438
6,600
3,200
......
......
......
4.
:
_
many. North. South.
port*.
200
7,057
S. Orleans 40.805
Oalveston. 43,888 11,300
1,650
Sab. Pass..
New York.
ttoblle
*
inclusive:
Jan. 1 to
236.601
foregoing
shipments,
arranged
in
of
the
The particulars
iur usual form, are as follows.
Ureal French Ger- -Oth.BTropc^ Mexico,
Total
opened.
Qnlet at Steady
\
J
Qnlet.
1
4*
4k
ai
Easy
Firm.
(Heady.
at
1-64 ad-
1-64 ad-
>-iU (* H-64
Tance.
vance.
decline.
Qnlet
Moderate
business.
4*
* B l«
Steady at Steady at
tu «j 9 »4
1-64 adadvance.
vance.
1
2<
838
200
200
Market,
4 P.M.
(
\
Quiet at Brlyst'dy Steady at Qatet at
pit. !*@i>4pts.
pt.
1&1X
advance
*
decline.
decline.
1
pt. dec.
Firm at
4Vt(g,SK pt.
Steady at
•0 vance.
•dTanea,
k
point
THE CHRONICLE.
1072
eaoh day are Klven
below, Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
|"y* Tkt prices are given in pence and 64/ai
Tku$ : 3 63 mean*
8 <>3 CAd.. and 4 01 mean* 4 l-64d.
The prices of futures at Liverpool
for
IMKW
DAILT CLOSING PRIOBS OF OATH
Hon.
Tuet.
Sat.
No. S mixed In elev
45>«
45
4.'iM
Sat.
ITlon.
Tiie*.
Wed.
Tbnn.
Prl.
iVOC.ll.
Nov. 12.
Nov. 13.
Nov. 14.
Nov. 15.
12i« 1 12>* 4
12^ 4 121* 4 12ifl 4 12W) 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.
November
4 08
Nov.-Deo... 4 04
4 04
Deo. -J an
4 03
Jan.-Feb
Feb.-Moh.. 4 03
Moh -Apr... 4 03
April-May... 4 03
May- une. 4 03
June-July... 4 03
1
July-Aug
.
.
...
d
d.
4 09 410 4 08 4 05
4 05 4 06 4 04 4 02
4 04 4 05 4 03 401
4 04 4 05 4 03 4 00
4 04 4 05 4 03 4 00
4 03 4 05 4 03 4 00
4 03 4 05 4 03 4 00
4 03 4 05 4 03 4 01
4 03 4 05 4 03 4 01
4 03 4 05 4 03 4 01
d.
d.
4 03
d.
d.
d.
4
4
4
4
4
4
4
07
03
02
02
02
02
02
•10
4
4
4
4
4
4
4
4
4 02 4
4 02 4
06
03
02
02
02
02
02
Oi
02
02
4 06 4 08 4
4 02 4 05 4
4 01 4 03 4
401 4 03 4
4 01 4 03 4
4 01 4 03 4
d
d.
d.
d.
d.
11 4 12 4 11
08
06
06
06
06
4 01 4 03 4 06
4 01 4 03 4 0t4 01 4 03 1 06
4 01 4 03 4 Oii
4 OS 4
4 07 4
4 07 4
4 07 4
4 07 4
4 07 4
4 07 4
4 07 4
4 07 4
08
07
06
06
06
06
06
06
06
47%
47%
DAILT GLOBING PRI0K8 OF NO. 2 MIXED OATS
Nov.delivery In elev
Dec. delivery in elev....
May delivery In elev....
Sat.
38 1*
38%
40%
Rye has been firmer but
Mon
Tuet.
39 i«j
39
39i«
40%
quiet,
VOKK.
Wed.
Tkurt.
45%
47%
46
48
IN
CHICAGO.
Wed.
3938
39 ^
403b
38%
Fri.
46
49
Ikurt.
Fri,
40
40%
39%
41%
40>4
41%
Barley has been firm and
40*e
higher,
Following are the closing quotations:
FLOOR.
Patent, winter
$2 25 ©2 35
93 75 ©4
Superfine
City mills, patent. 4 00 ©4
2 50 ©2 55
Klxtra, No 7,,
2 60 ©2 70
Ryeflour.Buperfine 3 00 ©3
Extra, No 1,. „_.. 2 80 ©2 95
Buckwheat flour.. 1 90 ©2
Clears
Corn meal.*„....<=. 3 00
©3 35
atralghte.....
Western, etc
... 8 40
©3 75
3 25 ©3
Patent, spring
Brandywine ...
3 85 ©4 65
3 35
tloai(Wheat
Li cooks sells at prices below those for barrels.)
00
80
60
00
Fine..-,.,,.,,
,
30
,.
Wheat, per bu&i:
—
HardDuluth.Njl
N'thern Dul., No.l
Red winter, No. 2
Hard N. Y. No. 2.
Oats—Mlx'd, p. bush.
BREADSTUFFS.
47%
To. 2 white in elev
.
Nov. 9
[Vol. LXXIII.
ORAIH.
Corn, per bush.—
Western mixed.
87%©89%
80%O82%
No. 2 mixed
o.
o.
81%©83%
73%»80i4
45*4©48
Western yeUow
Western white
Rye, per bushwestern
State and Jersey
Barley— Western
Feeding
o.
o.
69
69
©70%
©70%
66i<©68%
e6%»68i*
White
61%©64^2
481a©? 2
No. 2 mixed
46 ©47
64 ©65
Friday, Nov. 15, 1901,
No. 2 white
49 O50
57 ©67
Only a limited volume of business has been transacted in
54 ©59
the market for wheat flour. Buyers and sellers have been
Exports of Breadstupfs, Provisions, Cotton and
apart in their ideas of values. O sving to an easier turn to
Petroleum.—
The exports of these articles during the month
to
lower
been
inclined
the wheat market the former have
their bids. On the other hand, however, sellers have con- of October, and the ten months, for the past three years
tinued to hold for full values, and this has held trading in have been as follows:
check. Bids 5c. off asking prices have been made on some
1900-1901.
1899-1900.
1898-1899.
Exports
fairly large lines of spring patents, but have been refused
from U. S.
by mills. Rye flour has been quiet but steady. Buckwheat
October. lOMonths,
October. 10 Months
October. 10 Month*flour has been in fair demand and firmer. Corn meal has
Quantities.
been offered sparingly; prices have held firm.
Wheat. bush. 15,403,901 154,863.088 10,767,658 79,828.966 10,772.211' 92.534,844
Speculation in wheat for future delivery has been fairly Flour. ..bbls. 1.695,223 15.918.45f 1.C93.770
15.315,187
1,361,931 15.198,282
There was a slight weakening in prices, but the
active.
.bu,
28.031.40S
Wheat...
226,996,140
17,925,123
16.914,40*14S.741,306
160.92fl.S88
close was firmer. The downward tendency to prices was
Corn... bush
3,763,886 97,84fl,9f6 13,500,120 147,910,228 19 500 77!- 166,492,515
of
half
the
week.
Statisthe
first
during
pronounced
most
Tot. bush.. 26.791,291 323,812,046 31,425,243 296.6J1.584 36,416,186 327,418,833
tical developments exerted a bearish influence against values,
and European cable advices reported weaker and lower marValue).
*
f
I
kets. The movement of the crop in the Northwest was on a Wh'tfc flour 16,581.975 171,308,883 13,692,782 113.419,006 13.111,927 120,765,029
fairly large scale, and weather conditions ia the winter
lorn& meal
2,483,299 48.783.161
6,543,392 68,647.693
7,919,887 68,635,144
wheat belt were more favorable for the new crop, needed Rye
67,600
1,362,042
56,434
1,114,378
166,061
8,026,268
rains being reported. The American visible supply of wheat Oats & meal.
606,250
9,667.785
1,220,284
9.860,830
1.883,62) 12.076,386
783.301
2.653,688
5,602,72s
403.510
showed a large increase for the week, due, it was re- Barley
1,480,157
5,480,807
ported, to gains in Northwestern elevators and Man- Br'dstuffs... 20,372,825 238,686,409 21,915,382 198,446,530 24.041,493 216.833,023
The continued strength showed
by Provisions *, 18.225,605 186,365.789 16.829,671 168.173.470 16,888,639 165.418,214
points.
itoba
the markets for the coarse grains had, however, a steady- Cotton
46.625,321 214.53S.228 60,473,79r 228.378.31t 28.848,4181138.788,667
ing influence. During the latter part of the week there Petrol'm.&c
6,316,901 59 006,281
6,129,0/9 63,013.791
6.588,145 52,873,966
was an appreciably better tone to the foreign advices,
Tot value. 91 640,052 P93,5»5,707 105,347,922 656,096,106 75.861.695 573.868,873
and this, coupled with a more active export demand in the
•Including cattle and hoes In all months and years.
spot markets and a subsidence of the pressure to sell to
Note.— All the above tlguresare based on the monthly preliminary
liquidate long contracts resulted in a slight recovery in retnrnsissued by the Bureau of Statistics, and cover abou 1 98 per oent
To-day there was a fairly active and higher market, of thetotal exports.
prices.
prices advancing in sympathy with a rise in values for other
Agricultural Department's Report, The Agricultural
grains. The spot market was firmer but quiet.
YORK. Department's report on the cereal and other crops was issued
DAILY CLOSING PRICES OF NO. 2 BED WINTER WHEAT IN NE
November 11, and is given below.
Mon.
Tiie*.
Wed. Tkurt.
8at.
Fr%.
83i«
82%
83%
82%
82%
Cash wheat f. o. b
833a
The preliminary estimate of the average yield per acre of corn, as
80
78%
79%
79%
80% published in the monthly report
Deo. delivery In. elev
78%
the Statistician of the Department
81%
81%
80%
80%
May delivery In elev
81%
81% of Agriculture, Is 16-4 bushels, asofoompared
with an average yield of
DAILT OLOSIHQ PRICES OF NO. 2 SPRING IN CHICAGO.
253 bushels per aore in 1900 and 1899. ai d a ten year average of 24-4
bushels.
The
present
indicated
yield per acre Is the lowest general
Tues.
Wed. Tkurt.
8at.
Mon.
Fri.
average ever reoorded for this orop. being 2-2 bushels per aore below
71»4
71%
71%
72%
72%
72% the
Nor. delivery In elev
yield
lu
1881,
which
has
stood
for twenty years as the lowest on
72%
71%
72%
73
71%
72% reoord.
Deo. delivery In elev
prinoipal
75%
75%
75%
May delivery In elev
76% 8tates Is The indicated yield in bushels per aore In the seven
76k
76k
as follows: Ohio, 26 1; Indiana, 19H; Illinois. 21*4; Iowa, 25;
Indian corn futures have received a fair amount of specu- Missouri, »01; Kansas, 7-8 and Nebraska, 14-1. Of the 23 States having one million aores or upward in corn, all but Pennsylvania. Virginia
lative attention and there has been a gradual hardening of and Michigan
report an average yield per acre bniow their respective
market
making
new
New
York
a
high
rec- ten-year averages. The general average as to quality is 73 -7 per oent,
values, prices in the
ord for the season. The monthly.Bureau report showed no im- as compared with 85-5 per cent in November last and 87*2 per cent in
portant changes, indicating a yield slightly under 1,400,000,- November, 1899. It is estimated that 4*5 per cent of the corn crop of
1900 was still in the hands of farmers on November 1. 1901, as oom000 bushels. Foreign advices continued to note firm mar- pared with 4 4 per cent of the orop of 1899 in farmers' bands on Novemhas
continued
limited, ber 1, 1900, and 5-9 per cent of that of 1898 in hand November 1, 1899.
kets. The export demand, however,
and with the comparatively small foreign buying, export
The indicated yield of corn for the wcole country by
clearances have been necessarily light. Advices from the States, in comparison with the results for the four preceding
interior have continued to report a small movement of the years, is shown in an editorial article on page 1034.
crop, with light country offerings. Chicago advices report
The preliminary estimate of the average yield per aore of buckwheat
that fair sales have been made in the cash market for ship- is 1 9 bushels, against an average yield per aore of 15 bushels In 1900,
ment to other interior points. To-day there was a firm and 16 6 bushels in 189-J, and a ten-year average of 16 9 bushels. Of the
six States ha\ing ten thousand acres or upward uuder this product,
higher market, on strong advices from the interior. The including
New York and Pennsylvania, whioh together oonraln over
spot market was firmer but quiet.
three-fourths of the entire buckwheat acreage of the country, four
—
W
-
-
-
DAILT CLOSING PRICES OF NO. 2 MIXED
Sat.
Mon.
Cash corn t. o. b
66%
67%
66
Deo. delivery in elev
66%
May delivery in
eiev
66%
66%
CORN
I
NEW YORK.
Tues.
Wed.
Tkurt.
Fri.
66%
66%
65%
68%
68%
67
67
66%
67%
68%
67%
b8
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Wed. Tkurt.
Tuet.
Sat.
Mon.
Fri
Nov.delivery in elev
Dec. rtellverv In elev
May delivery In
elev.....
58%
59%
62
Oats for future delivery at
59%
59%
57%
59%
59%
59%
59%
58%
59%
60»a
62^
61%
62%
62%
63^
the Western market have been
fairly active and firmer.
The movement of the crop has been
fairly large, receipts at interior points running in excess of
those at this time last year. The cash demand, however, has
continued fairly free, and this, coupled with the strength
shown by the markets
for other feed stuffs, has advanced
Locally the spot market has been fairly active and
firmer. To-day the market was firmer, selling at high record
prices for the season.
prices.
-
report a yield per acre in excess of their respective ten-year averages.
The general average as to quality is 93-3 per cent, aaainst 90*2 per
cent in November last and 86 4 per cent in November. 1899.
The preliminary estimate of the yield per aore of potatoes Is 59'9
bushel»,Eagalnst an average yield per aore of 80- bushels in 1900. 88*6
bushels in 1899, and a ten-year average of 7^*7 bushels. The present
Indicated yield per acre Is the lowest slnoe 1890. Of the States having
50,000 aores or upward in potatoes, all except Michigan and Maine
report a yield per acre comparing unfavorably with their tea -year
averages. Indiana. Illinois, Iowa. Kansas and Nebraska reporc less
than one-half and Missouri less than one-fourth of an average orop.
The average as to quality is 78 '4 per oent, as oompared with 88 lin
Novemoer last and s*l"4 in November, 1899.
The preliminary estimate of the average yield per acre of hay is 1*32
tons, against an average yield of 1*28 tons in 1900. 1-35 tons in 1899,
aud a ten year average of 1-28 tons. While more than three-fourtus of
the 47 States and Territories for which comparative data are available
report a yield per aore in exoess of their respective ten-year averages,
such importaut States as Illinois, Iowa, Missouri, Kansas, Nebraska,
South uakota, Texas and Arkansas are all included in the region
reporting less favorably. The average as to quality is 91"3 per cent,
against 89-7 per cent in November last and 93-8 percent in November, 1899.
-
-
NOVEMBLK
Hi,
THE CHRONICLE.
1001.]
Of the fifteen principal tobacco States, nine, inohiiltriK Kentucky,
Virginia, North Carolina and Tennessee, report an average yield per
aore of tobacoo in excess of their teu-yo ir average*, while six, lucludlnK Ohio, Wisconsin aud Missouri, fall below such average!
The apple orop is considerably below the ten-yesr average, the pear
and grape drops are
slightly
below and the sweet potato crop
is
slightly above.
The average indicated
number of years is
yield per acre of the various crops
as follows:
AVBRAGK Ylbll.l) I'tK ACKK.
for a
1901.
l'JOO.
1899.
Corn.
bushels. 164
Buckwheat.. bushels. 18-9
Potatoes ....bushels. 59-9
25-3
253
189S.
34*8
150
lCti
17 3
80-8
1-28
886
75'2
1897.
L806.
238
209
28-2
18*7
jo-i
64-7
1-43
911
100-0
1895.
1073
and cloakings have contributed more liberally toth< busineaa
Oxfords, meltons ati'l ksnejl
in progress than of late.
very iirm. in woolen and worsted dress goo Is a fair demand
has come forward for staples at Bteady prices, but fan<
continue dnll and irregular.
Domestic Cotton Woods.— The exports of cotton go via
from this port for the week ending Nov. 11 were 8,119
pacRages, valued at $131,378, their destination baing to the
points specified in the tables below:
j
1901.
New York
Week. Since Jan.
155
Hay
tons. 132
TOO (ireat Britain
Earopean
The indicated yield of barley for the whole country for Other
China
1901 makes the following comparison with the results for the India
1-35
1-37
four preceding yeare
Indicated
Produet'n, Product' n, Product' u, Product' n, Produet'n,
1899.
1898.
1897.
1900.
1901.
Barley.
Bushels.
24,752,000 I 4,H,)U,170 22,239,776!
9,841.000 1 1,708,822 1-2,011,000,
8.204.000 7,275,251 8,144,125
6,259.179 7,670.550
»;,4 19.000
6,317,000 1,998.840 5,909,352
2,240,000 3,751,92 4 4,052,472
2,910,000 4.186.802 3.183, 165]
1,543.571 2,410,354
2, .i29.000
1.847.000J 1,386,267 1,410,360
49H.000I
943.176
587,382
Bushels.
California
..
Iowa
Minnesota
Wisconsin ..
No. Dakota..
Jlus/icls.
22
12
Bushels.
Total.
P>
3.973
1,374
85,306
15
120
126
2,048
1.430
140.462
11,158
25,441
3,762
25,753
2,762
10,705
41,825
7,807
2,498
273,203
I.
3
5,fc93
88,561
9,270
20,371
1,775
5,717
46,788
9,371
3,112
228,199
Central Amerloa
South Amerloa......
Other Countries.....
20,277,927
9,183,560
9.241,828
o
Since Jan.
201
Mexico
Btuhela,
Week.
962
414
367
36
60
748
290
Arabia
Afrloa
West Indies
BA1U.KV CROP FOR FIVlv YKAR8.
1900.
to Nov. 11
"i'ei
502
48
8*2 2
1.201
1
The value of the New York exports for the year to dat^
has
been $9,841,791 in 1901, against $12,218,243 in 1900.
i;
i
New York...
The sales of heavy brown sheetings and drills this week
Kansas ....
have been estimated to reach nearly 30,000 bales. Most of
l«05
So. Dakota..
this business has been done at concessions by sellers of from
C 3
Washington.
one to two per cent from previous asking prices. Home
Nebraska ...
£$
927,144
904,806
830,000
Mlohlgan
business in brown goods has been moderate. Ducks are firm
797,916
a
939,00(1
^05,928
Oregon
9
but quiet. In bleached cottons buying has been on a hand603,400
622,566
533,000
Ohio
V
Fine and medium qualities are
to mouth scale in all grades.
w
538,904
488.000
00,8 11
Vermont
399,012
405,510
498,000
Idaho
steady, but low counts show some irregularity.
Wide sheet5
ings rule firm with a light business. Cotton flannels and
n
5H.
71,248,100
68,623,000
887,321
64,645,181
Total
a
Denims are in quiet request,
2,039,946 blankets are dull but steady.
All others... 2.008,000 2,038,502 2,133,463
but very firm. Ticks and plaids are steady with moderate
Total U. S.'70.631.00 <S,92S.q33 73.331,563lP5.792,257 66,685. l?7 sales.
Kid cambrics are inactive at 3%c. for 64s. Second
The indicated yield of rye for the whole country for 1901 quality fancy prints have been opened at 43<c, same price as
makes the following comparison with the results lor tbe last season, and have sold quietly. Staple prints are steady,
but the demand has fallen short of last week in volume. The
four preceding years:
gingham
division is very firm throughout. Regular print
RYE CROP FOR FIVE YEARS.
cloths close at 3c. nominal, and no business done.
Mr.
Indicated
Borden offered cloths at 2 15-16c, but has since withdrawn.
Product'
Produet'n,
Produet'n,
Produet'n,
n,
Produet'n,
Rye.
Narrow odds have been inactive on the basis of 2/yC. for
1899.
1900.
1898.
1897.
1901.
.
a
7,S(iO,328
4,663,305
4,786,076
306.600
2,182,600
1,695.960
943,360
1,014,861
955,760
674,338
500.546
378,630
—
»
r-t
f.
<:+
f
l
'
regulars.
Bushels.
Bushels.
Pennsvlv'a..
4.589,<>00
..
3,030,001.'
Wisconsin...
Kansas
2.941.00C
1,662,000
1,773.000
Illinois
1,268,00;.
4,416.299
3.189,165
3,010,437
1,806,570
1,922,481
1,270.684
1,036,444
1,041,068
1,029.000
867.237
513.023
502.580
485,72 i
4 08,028
370.125
New York
Minnesota..
Michigan
.
New
.
Jersey.
Nebraska
Ohio
...
California...
Indiana
Maryland...
Virginia ....
984,000
988,000
991,000
870,000
570.000
499,000
503.0
353,000
380.000
Bushels.
3,936,040
5,633,600
3,073,125
Bushels.
3
©
—
2,<i29.860
1,545,852
1,154,325
1,112,472
1,097,012
1,000,785
997,104
625,920
3
a?
oj.
§2
2
&m
547,080
464,633
353,276
330,471
to
E°
Bushels.
5,355,226
4,467.140
3,638,576
1,113,776
1,550,388
1,217,153
1,012,409
1,579,800
1,218,016
1,008,984
850,446
493,905
607,3tO
480,386
438,702
ftmer
21,401,000 21.868,863 21,901,605
Total
All others... 2,172,0C0 2,127,064 2,060,136
25,032,267
2,331,057
rt-
Fobeign Dby Goods.— The dress goods division shows thin
fabrics well sold for spring and a fair demand still noted at
steady prices. Silks and ribbons are firm but quiet. Linens
in moderate demand at previous prices. Burlaps weak and
declining.
Importations and Warehouse Withdrawals ot Dry Goods.
The importations and warehouse withdrawals of dry goods
at this port for the week ending Nov. 14, 1901, and since
January 1, 1901, and for the corresponding periods of last
year are as follows:
H
o
9
The indioated yield of oats, as compared with the results
for the four preceding years, is shown in a table on page 10;U.
V
For other tables nauallr
(riven
here see pare 1045.
THE DRY GOODS TRADE.
New
Yobk. Friday, P.
Jtt„
Nov.
15, 1901.
The print cloth situation has again attracted considerable
attention, Mr. Borden putting in a temoorary appearance as
a re-seller of print cloths below the Fall River quotations.
Failing to draw out any buyers he has retired, but as a result of his action the print cloth market has been decidedly
inactive and the demand for allied fabrics has been adversely
affected. The situation created in print cloths by Mr, Borden's recent actions has been an unfavorable factor in other
ways. Buyers have been unsettled in their belief in the general stability of the market, and business on home account
this week has been quite moderate.
The most favorable feature in the cotton goods division has been the reappearance
of a good demand for brown cottons for China. This has
been met in some querters at rather easier prices, but it is
putting export grades into a secure position. There has not
boen any influence exercised by the raw cotton market since
last report, and prices generally show no change.
The
woolen goods division is improving and a good tone prevails
in staple fabrics.
A
Woolen Goods.— general improvement in the demand
for men's wear woolen and worsted fabrics has been noted
The re-orders on spring account have been more
this week.
numerous and heavy-weights for quick consumption are still
in request. Stocks of staple fabrics are in restricted supply
and are largely s-old for spring, the tone ruling firm in these
in all grades.
The market for fancies shows some irregularity under eff rts to clean up slow sellers.
There has not
been anything shown for next heavy-weight season, but the
impression 'prevails that prices are lisely to show an advance
when
the new goods are put upon the market.
Overcoatings
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Total U.S. 23,573,000 23,995,927 23,961,741 25,657,522 27,363,324
K
i
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8
THE CHRONICLE
1074
gw£
ywu City jjewbtmsnt.
the case, the declnlon In It* entirety Is far-reachlr g, holding the county liable
for nearlv $H0O.O00 In bondf to wblcl
& party. Tin- nm i-ion a rise •
from tbe Holding of tbe Bnpreme Court wblcb di
be suburban «tn
Improvement law Invalid. Bond* were iMoed under that, ia«, the aim'ting
property holders being looked to for payment. Tbe decision of iiie Supreme
in
relieved ibe property owner- from liability, sod now Judge
ompHon's
decisloi laddlei tbe Indebtedness on the county. The bonds
oe paid
ftonj general county lundH, under this decision.
•
•
TERMS OF SUBSCRIPTION.
The Investors' Supplement
will be furniehed without
extra charge to every annual subBcriber of theCoMMER cial
and Financial Chronicle.
The State and City Supplement
will also be furnished
without extra charge to every subscriber of the Chroncile.
The Street Railway Supplement will likewise be furnished without extra charge to every subscriber of the
Chronicle.
The QuotationSupplement, issued monthly, will also be
furnished without extra charge to every subscriber of the
Chronicle.
TERMS for the Chronicle with the four Supplements
above named are Ten Dollars per year within the United
States and Thirteen Dollars in Europe, which in both cases
[Vol. LXXIII.
'.
1
i
1
mum
Massachust tts. t-peciol Session of the State Lrgulature. —
The State Legislature met in tpetiai setsion on Kovunber I'd
for the purpobe of approving the R-vistd Statutes as compiled I y special commissioners and approved
tte cotsisting of all the lawyers of the General
North Carolina— Sonth
by a commitCourt ct :'j l.
Dakota.— Liticat ion.— The
lowing dispatch lrom Washington, dated Nov.
in the Baltimore "Sun :"
An original bill In ciuity was filed to-day in the United
11,
fol-
appeared
States Supreme
Court by John L. Pyle, Attorney-General of South Dakota, atraiDst the State
North Carolina to compel a settlement on bonds Issued In the r ame of the
Western North Carolina llauriad Corni any.
8outh Dakota Is the owner of lo of these br nd«, of $l,"00 par value each, donated for the benefit of tbe State University. When the rxilroad was built
North Carolina subscribed for SO.ooo shares, amounting to |V,000,< 00 ot the
stock of the railroad company, and in return guaranteed payment of bonds,
including tbose held by South Dakota.
It Is alleged that notwithstanding the State of North Carolina is receiving
dividends on the stock held by it, there has been a failure n account of an
extension of time to pay tbe bonus or tbe Interest on them. The bill filed
to-day asks for a genera) determination aid settlement of tbe question.
of
<
includes postage.
Terms
of Advertising— (Per Inch Space.)
Transient matterieaeh titne).* 4 20 TnreeMonths (13timeB).$2900
STANDING BUSINESS CARDS.
Six Months
(26 times). 5000
Two Months (8 times)
$22 00 TwelveMontne(52 times). 87 00
Index.
An
Bond Proposals and Negotiations
week have been as follows
Albany, N. Y.— Bond Offering.— Edward
this
:
J.
Gallien, City
Comptroller, will sell at public auction at 12 m.,
30, the following bonds
November
:
all the news matter appearing in this Departfor the period from July 6, 1901, to Oct. 5, 1901. inclusive, was published in the Chronicle of Oct. 12, 1901,
index to
ment
pages 806, 807 and 808.
*9,lf 3}4% l-2o-year (serial) bonds for re-surfacing Watervliet Avenue.
2:4,000 3&% 1-20-year (serial; bonds for widening Broadway.
65/ Oo3J^« 1-20- year (serial) Riverside Park bonds.
58,' CO »H* 1-20- year (serial) bonds lor re-sutfacing Madison Avenue.
157,6c0 3J$% 1-5-year (serial) improvement bonds of 1901.
The improvement bonds
other issues Oct.
annually.
of 1901 are dated Nov. 1, 1901, and
1901.
Interest will be payable semi-
Alabama.— Constitutional Convention. — At the election
November 11 the new revised Constitution of the State as reAngelina County, Texas.— Bonds Voted.— This counly has
cently framed by the Constitutional Convention was ratified
voted to issue $40,000 court-house bonds.
by a majority said to be from 25,(00 to 30,000. The fea'ures
Asheville, N. C— Bonds Not Scld.— We are advised that
of the new instrument bearing on debt and taxation were
the $10,000 4.% school-building bonds offered for sale tn Octotreated editorially on page 2 of our State and City Supple
ber 25 have not yet teen disposed of. A descrij, tion of these
MENTof Oct. 12, 1901.
bonds will be found en page 864 of the Chronicle of Oct. 19.
Bay County, Mich. Bond Decision. — The following disAtlantic City, N. J.— Bond Offering.— Proposals will be
patch from Bity City, dated Nov 6, appeared in the Detroit
" News :"
received until 12 M., December 9, by A. M. Heston, City
all
The decision ef the Supreme Court In the case of Shearer et al. vs. the Board
of Supervisors prohibits the sale of tluo.OOO worth of stone road bonds which
were authorized by a special election last fall. After the sale of the bonds
was authorized it was found that some of the proceedii gs were Illegal, and
the matter was taken before the Legislature and an Act jassed to legalize
them. The Court declares the Legislature had no authority to pass such Act,
and issues a permanent injunction against the issue of the bonds.
See Chronicle May 4, 1901.
Cincinnati, Ohio.— Suit to Prevent Cincinnati Southern
Lease.—The Corporation Counsel has decided to apply for an
injunction restraining the execution of the extension of the
lease of the Cincinnati Southern Railway to the Cincinnati
New Orleans & Texas Pacific Railway. This may seem a
strange proceeding, particularly in view of the fact that the
proposition was submitted to the people at tt e election November 5 and wa3 ratified by a vote of 3tol. It is proper,
therefore, to state that the suit is brought at the instance of
W. M. Ampt, a citizen of Cincinnati, and because the Corporation Counsel deems it proper that no doubt shall exist
either as to the validity of the extension of the lease or as to
the right of the Trustees to issue the $2,500,000 new bonds.
We give herewith the letter addressed by the Corporation
Counsel to Mr. Ampt, which will serve to explain the situation
I
:
have received your communication of November 6 requesting
me
as Corporation Counsel of the city of Cincinnati to apply to a Court of
competent; jurisdiction and to a Court of last resort, if necessary, for
an order of perpetual injunction restraining the execution by tne
trustees of the Southern Railway ot an extension of the present lease
of the Cincinnati Southern Railway to the Cincinnati New Orleans &
Texas Pacific Railway Company, and further restraining said trustees
from the execution of a supplementary agreement providing for the
issue of $2,500,000 bonds to be expended for terminal facilities and
permanent betterments to such railway.
Inasmuch as under the law I am compelled to bring a suit as requested, or, upon my refusal, you would be permitted to bring it, and
it jou are permitted to bring it the oity. regardless of the resuit of the
suit, would be assessed the costs, including a counsel fee to you, and
inasmuch as it is important that no doubt should exist as to the validity of the extension of the lease, if made, nor as to the rights ot the
trustees to issue the $l, 500,000 bonds to be expended for terminal
facilities for the railroad, and of the obligation of tbe lessee company
to pay the principal and interest of such bonds, if issued; and inasmuch as the un impeachable validity of such extension and agreement,
when made, and of such bonds, when issued, is a very Important element of value in the refunding soon to be made at a low rate of interest of the oity's present bonded indebtedness, by reason of the construction of such road, I have concluded to briDg the suit requested by
you to be brought, and to ; ros* cute the same as speedily as possible
to the Supreme Court of Ohio, if necessary.
If you desire to participate in the argument of the case in any Court,
I will extend to you every reasonable courtesy.
9, Sept. 21, May 4 and April 20 1901.
Fort Seott, Kan.— Proposed Purchase of Water Plant.—
This city has submitted an offer to the Fort Scott Water
Supply Co. to purchase the plant of that company for $135,000.
It is said that the company has been holding out for
$450,000, but will probably consider the above offer, as the
water franchise expires in April next.
Franklin County, Ohio.— Bond Beds on— The following
is taken fiom the "Ohio State Journal" of Columbus of
Nov. 12, 1901
See Chronicle Nov.
:
Th e case of the Gardner Bank against Franklin County, which was argued in
v
the Lnited States Court before Judge Thompson at Cincinnati
Saturday,
TT
has been decided against the county.
la:-t
While there was but $6,000 involved
in
1,
Comptroller, for the following bonds
:
(135,000 if gold coupon paving bonds, dated Oct.
1,
1901,
and maturing
Ju'.y 1,
1K21.
16,0001$ gold coupon flre-house bonds, dated Jan.
1,
1,
1901,
and maturing Jan.
1908.
Securities are in denomination of $1,000. Interest will be
payable semi-annually at the Hanover National Bank, New
York City. The legality of these bonds bas been approved
by Messrs. Dillon & Hubbard of New York City. Accrued
interest must be paid by purchaser. Either $2 500 cash or a
certified check for $2,500, payable to the City Comptroller,
must accompany proposals for the paving bonds and either
$500 cash or a certified check for that amount with proposals
Bids must be made on blanks furfor the fire-house bonds.
nished by the City Comptroller.
The official notice of this bond offering will be found among
the advertisements in this Department in a subsequent issue.
Auburn, Me. Loan Authorized. The city government
—
has authorized a loan of $15,000 at not exceeding i% interest
to pay off a like amount of bonds which will mature Jan. 1,
1902.
—
Beaver County, Oh la. Description of Bonds. The $31,000
20 30-year refunding bonds which we stated in the Chronicle Oct, 26 had been sold were purchased by R. J. Edwards
of Oklahoma City at par and alljexpensee. Thirty bonds are in
denomination of $1,000 and 100 of $10 each, ail dated Sept.
Interest will be at the rate of 5*, payable semi11, 1901.
annually.
resolution has been
Berlin, N. H. Loan Authorized.
passed by the Council authorizing the City Treasurer to borow $6,000 in anticipation of the collection of taxes.
Binghamton, N. Y. Temporary Loan. This city has borrowed $5,000 temporarily.
—A
i
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Biro Island School District, Renville County, Minn.—
Send Sale.— On November
11 the $5,0.0 5% 10 year schoolHouse bonds were awarded to Kai.e & Co., Minneapolis, at
102 80 and blank bonds. Following are tbe bids
:
Kane &
Minneapolis
$6,140 00
Jefferson* Kasson, St. Paul., 6,136 00
Co..
John Nuveen &
S.
Co., Chicago.. 5,126 60
6,120 00
A. Kean, Chicago
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Thompson, Tenney!& Crawf orl
$5,12600
Co.,Cbicaeo
First Nat. Bank, Barnesville,. 6,118
£,000 00
Stephen Crane. Hamilton
(
For description of bonds see Chronicle Nov.
2, p, 971.
Bowie County, Texas.— Bonds Approved. —The AttorneyGeneral has approved an issue of $00,100 refunding courthouse and jail bonds.
Brenham, Texas.— Loans Negotiated. The Mayor has borrowed $1,200 from the Fiist National Bank of Brenham for
the school iund and $500 from H. K. Harrison lor the street
and bridge fund. Loans mature March 1, 1902.
Brown County (P. 0. Aberdeen), S. Dak.— Bonds Voted.
—This county has voted to issue §65,000 i% 5-17 year (serial)
court house bonds, The date for the sale of these bonds has
not yet been fixed.
Brule County, S. Dak.— Bonds Defeated Local reports
have it that the election held November 5 to vote on the
—
—
November
16,
THE CHRONICLE.
1901.]
question of issuing $20,000 court-house bonds resulted adversely.
Cadolt, Wis.— Bond Sale.— We are advi-ed that the $10.c<i0
water-works bonds mentioned in the CHBOHM i.k May 25 have
been awarded to S. A. Kean, Chicago. Securities carry 4%%
Principal will ma
interest, payable annually on April 19.
ture $500
\
early.
Cambridge, Dane Count)', Wis.— Bond Offering.— PropoNovember 23, by this vil-
sals will be received until 2 p. M.,
lage, O. J. Olson, Clerk, for $7,5'
4% waterworks bondn.
Securities were au'horiz->d by a vote of 95 to 28 at the el.
Tney are in denomination of $500,
tion held Sept. 7. 1901.
dated Jan, 10, 19(2. Principal will mature yearly on Jan.
10, $500 in each of the j ears 1905, 19J6 and 1907 and $1,000
annually from 1908 to 1913, inclusive. The village has at
present a bonded debt of $1,000. The assess 'd valuation is
$221,755 and the real valne about $443 000.
Cannon County. Tenu. Ra Iroad Subscription Voted.— At
the election held November 9 this county authorized a subNashville
scription of $138,000 in aid of the Woodbury
Railroad. The vote was 1,749 for to 520 against.
Canonsbnrg, Pa.— Bonds Voted.— This place has authorized the isf nance of $10,000 sewer bonds by a vote of about
ten to one, according to reports.
Caruthersville, Mo. Bond Offering. Proposals will be
received until 7:30 P. M., November 18, by Hina C. Schult,
ity Clerk, for $26,000 4* 10-20-year (optional) water- works
bonds. Securities are dated Nov. 1,1901. Interest will be
payable semi annually.
special
Chattanooga, Tenn. Bond Suit Withdrawn.
dispatch to the Nafhville "American" from Chattanooga,
dated Nov. 11, 1901, ssvs that the injnnction suit brought to
prevent the fale of $100,COO city bonds on tbe grouDd of the
illegality (f tbe election has been withdrawn and that the
bonds will be sold to local banks at par, the proceeds to be
applied to the payment of the fl ating debt. See Chronicle
July 13, July 6, June 15 and May 25, 1901.
Colorado Springs, Colo.— Bond Sale.— On November 4 the
$69,000 4.% 10-15 year (optional) gold water works-extension
bonds were awarded to N. W. Harris
Co.. Chicago, at
101 -522 and blank bonds. For description of bonds see Chron
ICLE Nov. 2, p. 972
Columbus, Ohio.— Loan Authorized.— loan of $S,000 for
use of the D partment of Health has been authorized.
Loan Proposed.— An ordinance recently introduced in the
City Council authorizes a loan of $22,500 to defray tte ex-
&
—
(
—A
lo75
Full Kiver, Mans.— Bond Sule. — On November 14 an issue
of $15.00o 3^-j lO-year highway bonda wan awarded to Ebtabronk & Co., Boston, at 102 K51 an interest baeia of atout
Following are the bids
3-166*.
—
:
Ksiabniok & Co., Boston
It. 1.
Da] .v o., Boston
Kull Blvar Suvii
N. W.
l<
ioi-sio
1
AiIhius A CO., lloBioii
n?
Hludift't. Merritt a Co., Boston.
102 t'4
Co.. Boston
ltro».
W.
UN
make
...
.
J.
M. A.
1
!
\0fib
10^06
1
-
lor*
jct-88
1
|
10
n
\,.ik
A
Securities are dated Njv. 1. 1901, and the interest will be
payable semi-annually by check.
Fillmore Moho»l District No. 11, Town of Hume. Allegauy I ounly, N. V.— Bun-iSale.— Oa November 12 the $6,000
4£ school-building bonds were awarded to W. J. Hayes &
Following are the bid
Sons, Cleveland, at 103 20.
W.J. Hares A Sons, Cleve... *0.1»2 00 I.Hiiiurecht Bros. Co.. CleTe. M 01.000
e.im 08 Deulson, Prior A Co.. Cleve
O'Connor A Rubier, N. Y..
00 00
I
.
I.
\V. siu'i-riii.
6,004 00
I'ouKbkeepsle.
For description of boids see Chronicle Nov. 2, p. 972
Kullertou, Nance County, Neb.— Bond Sale.— We aie advised that the $6,000 5% 10-20-year (optional) water extension
bonds offered for sale on October 29 have been awarded to
W. F. Critchfield of Ful Urton at 101 666.
Gallou, Ohio. —Bonds Defeated.— At, the election held
November 5 the question of issuing $50,000 bonds was defeated by 41 votes.
—
Geddes, Charles Mix County, S. Dak.— Bond Offering.
This town will receive proposals until about November 18
for an issue of $5 000 5% 10-20 year (optional) waterworks
bonds. Interest will be payable annually. Geo. W. Shuck
is
Town
Clerk.
Georgia.— Bunds Provosed.— The Governor and Treasurer
&
are authorized in a bill recently introduced in the State
Legislature to ipsue $325,880 refunding bonds
Greenfield, Franklin County, Mass.— bond Sale.— On
November 9 $36,000 %\4% school- house bonds were awarded
toM. F. Skinner & Co., Boston, at 102 073. Following are
tbe bids
101'81
M. K. Skinner & Co.. Boston ...102 073 Adams & Co., Boston
l02 R« BlodKet. MerrlttACo., Boston.. H1'77
K I,. Day A Co., Boston
102055 B H. Rollins A Sons, Boston,. .101-606
Estabrook * Co., Boston
102-017 Buruett, Cummings & Co., Bost.lOl'40
Jose, Parker & Co., Bost«n
iOfjB6 Parkinson & Burr, Boston
101-275
N. W. Harris A Co., Boston
A
Securities are dated Oct. 15, 19 H, and will mature $6 010
Oct. 15 of each of the years 19J2, 1908, 1909 and 1910 and
$12,000 on O^t. 15, 1911.
,
-
i
Guilderland Union Free School District No. 7 (P. 0.
Altamont), Albany County, N. Y.— Bond Sale— On November 6 the $15,000 4* 3 17-jear (serial) buds were awarded to
Geo. M. Hahn, New York City, at 104-67— an interest basis
of about 8'444£.
Following are the bids
104'67
Geo. M. Hahn. New York
lawrence Barnum A Co.. N. Y. 108*06
pense of improving Woodland Avenue.
Bond Offering.— Proposals will be received until 3 p.m.,
November 21, by the Trustees of the Sinking Fund— Martin
101-72
A. Gemunder, Secretary— for $180,000 3%<& refunding water I. W. Sherrill, Pougbkeepsie.. ..104-65 Albany Trust Co.. Albany
100-683
W. J. Hayes A Sons. Cleveland. 104*9 Lamprecbt Bros. Co., Cleve
botds. Securities are in denomination of $1,000, dated Nov. M. A. Stein, New York
108-79
Interest will be payable semi-annually at the office
1, 1901.
For description of bonds see Chronicle Nov. 2, p. 972.
of the City Treasurer. Principal will mature Nov. 1, 1919.
Henderson, Kj.—Bmd Ordinance Defeated. An ordiSecurities are issued under the authority of Section 2701, Re- nance
was introduced in the City CoulciI some time ago
vised Statutes of Ohio. See V. 73, p. 1024.
which provided for an election to vote on the question of
Corona, Cal. Bond Election. An election will be held issuing bonds for a filter plant. This ordinance, however,
December 23 to vote on the question of issuing $94,000 5£ failed to carry.
siorm water-ditch bonds.
Hinds County, Miss.— Bond Sale. —The Board of SuperCuyahoga Fall?, Ohio.— Bjnds Voted —At the recent visors has sold an i^sue of $10,000 5% 5-20-year Optional) courtelection the issuance of $5,000 electric-light bonds was au
house and jail bonds to the Merchants' BanK of Jackson at
thorized by a vote of 496 to 124.
103-125. These bonds are part of an issue of $75,000 authorDelaware, Ohio.— Bond Offering.— Proposals will be re- ized for the above named purpose.
ceived until 12 M., December 14, by E. E. Naylor, City Cleik,
HornellSYille, N. Y.—Bond Offer in g.— Proposals will be refor $75,000 5% sewer hot ds. Securities are in denomination ceived until 4 p ai., November 23, by M. B. Smith, City
of $1,000, dated Jan. 1, 1902. Interest will be payable March Clerk and Secretary of the Water Board, for $50,000 %%%
1 and September 1 at the effice of the City Treasurer.
Prin- coupon bords. Securities are in denomination of $5C0, dated
cipal will mature $5,000 vearly on March 1 from 191 3 to 1917, Aug. 1, 1901.
Interest will be payable at theoffi-eof the
inclusive. A certified check for $500, drawn on a bank in City Chamberlain.
Principal will mature Aug. 1, 1921.
Delaware, payable to the City Clerk without conditions,
Houma, Terrebonne Parish, La.— Bond Offerma— Propomust accompany proposals.
sals will be received until 12 m., December 20, by the Mayor,
East Liverpool, Ohio.-iVo Bond Elect ion.— Some of the for $27,000 5% gold water- works bonds. Securities are in depapers had it recently that an election would be held in this nomination of $500, dated Nov. 5, 1931. Interest will be
city to vote on the question of issuing $60,000 water bonds. payable annually at the Hanover National Bank, New York
This, we are advised, is an error.
We presume that the City. Principal will mature in thirty years, subject to call
bond election referred to was that of Wellsville, a ciry about after 1909. The securities aie issued under the authority of
four miles west cf East Liverpool, which place voted upon Art. 281 of the State Constitution and Act No. 5 of the State
the question of putting out ew.h. an issue of bonds, but the Legislature of 1899. A certified check on a national bank
proposition, as stated last week, failed to carry.
The
for 3$ of the amount of bid must accompany proposals.
Eitu Claire, Wis— Bond Sale.— It is stated that an issue of town has no bonded debt and tbe assessed valuation is $125,street improvement bonds will be taken by the Sinking Fund 000. The real value is estimated at $1,000,000.
Commissioners. These bonds aggregate $26 900 and carry 6£
Huntingdon Couuty, Pa.— Bond Sale.— This county has
interest, payable March 15 and September 15 at the effice of sold an i^sue of $6), 000 3}£<r refunding bonds to the Seourity
the City Treasurer.
Fifty-three bonds are in denomination Title & Trust Co. of York.
of $500 and four of $100 each,
Iluiilingtoii, 1 nd.— Bond Sale.— This city has issued to
Principal will mature part
yearly on March 15, $5,000 in 1902, $5,500 in the years 1903, Fisher, Keefer & Bdley, contractor*, $1,4 S 6 17 5£ 1-10 year
1904 and 1905 and $5,4C0 in 1906.
Securities are dated Oct.
(serial) street-improvement bonds.
Est'iinabii, Mich
Hand Saie. This city has sold an issue 8, 10)1, and the interest will be payable semi-annually.
of $15,000 4% 20 year refunding sewer bonds to D-vitt, TremJackson C uuty (P. 0. Jackson) Minn— Bond Saie.—Oa
ble & Co., Chicago, at par. Securities are in denomination November 5 the $10,000 4% 10-yearjiil bonds were awarded
of $ 100.
3-07— an interest basis
to N. W. Harris & Co Chicag
Evanston, Ohio.— Bond Offering —Proposals will be re- of about 3-63£. Following are the bids
ceived until ia M .. Ddc. 11, by the Village Council, at the N. W. Harris A Co., CbiOMO
103'07
Parson, Leaota A Co..Chlcajro..*loroO
s. Eld lei
>..i00-86
R. Eleynnite A. Co.. Cincinnati. 102*57
office of Frank F. Dinsmore, No. 50 Atlas Building, Cincinfanner a Crawioni
*\0'£-b>1
Stoddard. Nye A Co., Minn
nati, for $27,999 26 5% 1-10 year Duck Creek Road bands.
100-76
108-85
an
K. II. Rollins A Sons, Boston
.100-2-1
Ch
omn, Chicago
The amount of the bonds to be issued may bj reduced if W.J. Hayes A Sons. Cleveland. 101-.0 Chas, II. Coffin,
any assesMnents are paid in cash before the time of sale.
• And blank bonds.
Securities aie dated Nov. 7, 1901, and the inteiest will be
For description of bonds see Chronicle Oct. 12, p. 804.
payable annually at the Second National Bank of Cincinnati.
Jackson Couuty (P. 0. Scranton), Miss.— Bond Offering.
A certified check for 2% of the aggregate of ths bonds, pay —Proposals will be received until 12 m., December 2, by the
able to the Village Treasurer, must accompany proposals. County Board, F. H. Lewis, Clerk, for $10,000 5* 10-year
A. J. Chambers is Village Clerk.
bridge bonds. Securities are in denomination of $500, dated
:
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—
—
—
,
:
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i
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i
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THE CHRONICLE.
107H
Interest will
t>e
payable aunually in
Dec. 15, 1V01.
Scrantou. The present debt of the county is $S,0< 0. The
assessed valuation is $2,388,768. A certified check tor |250,
payable to the County Treasurer, must accompany proposals.
L at robe, l'a.— Band Sale.— On November 11 the $25,000
4\0, 20-30-year (optional) funding bonds were awarded to
Dick Bros. & Co., Philadelphia, at 108'915. Following are
the bids
:
$27,22H
Dick Bros. 4Co., l'liila
2<I,KI>6
N. W. Harris .v Co.,
Mason. Lewis & Co.. Boston. 2t\714
C. K. Williams ft Co., PlltB... 20,61 8
Denison, 1'rior * Co.. Cleve. 20,665
NY
.
I.aniprccht llnw. Co.. Cleve.. $20,622 60
W..I. Haven .v Sons, Cleve.... 2K.465'oo
20,82wfi0
BeMOnKOOd ft Maver. Cln
2H,<)76 00
ITlrsl Nit. Bank, l.atrolie ..
10,06260
M. A. Stein, New York
75
00
00
B0
00
.
For description of bonds see Chroniclk Nov. 2, p. 973.
Lorain, Ohio.— Bond Sale. The highest bid received
November 11 for the $31,000 4% street-improvement bonds
—
was that
Rudolph
of
Co., Cincinnati, at 100 322.
Kleyfcolte
Following are the bids
R. Kleybolte 4 Co., Clncln. .$81,100 00
|
Co., Cleve.. 80,850 00
|
:
.
Denison, Prior
A
W
J.
Hayes
Sons. Cleve.. .$30,700 00
ft
For description of bonds see Chronicle Nov. 2, p. 973.
Loudonville, Ohio. Bonds Autlwrized. The issuance Of
$25,000 5£ water-works bonds has been authorized.
Madisonville, Ohio. Bonds Voted. The election held
—
—
November
in a two-thirds majority being cast
for the proposition to issue $25,000 electric-light and. water
11 resulted
bonds.
Mansfield, Mass. Bonds Defeated. At a recent town
meeting the question of issuing $30,000 electric-light- plant
bonds was considered, but the proposition failed to carry.
Milwaukee, Wis.— Bonds Authorized. The City Council
has authorized the issuance of $410,000 bonds for school pur-
—
—
[Vol. r.YTTTT,
Niagara Fulls, N. Y.— Bids.— Following are th>- \,hU received October lb for ltie si 15,000 4% 20-year f-ewer bondri
W.SIicrrlll. POIUrhkeMMle....llr0g
11076
Tyn« ft Co., Buflalo
Allen. Sand ft Co.. New York.. .11 TOM |oc rjnnei ft Kalil«-r. New Vork. 108 08
no.
O.
J
Kverltt A Co.. N. Y
W. J. Hhtmh A Horn, Cl«r« ....!< h 70
110*78
N. W. Harris ft «o., N. V
110*78
10S*S88
DenUOtL, Prior 4 Co.. Cleve
As stated last week, the boDds were awarded to Isaac W.
:
I
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I
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Sberrill of Ponghkeepsie.
Norwood, Ohio.— Bond OJJering.— Proposals will be received until 12 ii., Dec. 2, bv W. E. Wichgar, Village Clerk,
at the office of William R. Collins, Room 505 Johnston
Building, Cincinnati, for $20,000 4% 15-year electric-lightplant bonds. Securities are in denomination of $500, dated
Nov. 15, 1901. Interest will be payable semi-annually at the
Atlas National Bank, Cincinnati. A certified check for $1,000,
payable to the Village Clerk, must accompany proposals.
Oak Harbor School District No. 6, Island County,
Wash. bond Offering. Proposals will be received until
December 3 by Thomas Cranney, County Treasurer, for $2,500
10 year bonds. Interest, rate to be named in bids, will be
payable annually.
Oglethorpe, Ha.— Bond Sale.— On November 8 the $5,000
5£ 30 year school house bonds were awarded to the Bank of
Oglethorpe at 103 and lithographed bonds free of charge.
Following are the bids
Bank of Oglethorpe
*»6,160 00 John Nuveen * Co.. Chicago. t$6, 102 50
—
:
I
4 Co., Chicago.. ,t6, 147 00
Bankers' Mutual Casualty Co.,
Des Moines
»6,U1 00
T. B. Potter
*
And
I
I
Koby Robinson, Atlanta
Chas. H. Coffin. Chicago
5.026 00
6,010 00
|
lithographed bonds free of charge.
+
And
expenses.
For description of bonds see Chronicle Nov. 2, p. 974.
Ohio State University.— Bond Sale.— On November 8 the
poses.
$30,000 4^4% 7^-year (average) refunding bonds wereawarded
Missoula County (Mont.) School District No. 1.— Bond to the Ohio National Bank of Columbus at 108'50 an interOffering.— .Proposals will be received until 2p.m„ November est basis of about 3*2! 6%. Following are the bids
23, at the county court house in Missoula, for $45,000 4% 10- Ohio Nat. Bank, Columbus. .$32,650 00 Seasongood * Mayer. Cincln.$31,900 80
—
:
.
20-year (optional) refunding bonds. Interest will be payable
semi-annually. The total bonded debt of this district, including the above issue, is $57,50U. The assessed valuation
is $2,548,508.
Moniteau County, Mo.— Bonds Defeated.
—At
a recent
election this county voted against the issuance of $10,000 jail
bonds.
Mount Vernon, N. Y.— Bond Sale.— On November 12 the
$40,(X0 '6%% 28-year sewer bonds were awarded to Blodget,
Co., Boston, at 102'65. For description of bonds
Merritt
see Chronicle Nov. 2, p. 973.
Nashville, Tenn.— Bonds Re awarded.—The $143,000 4%
electric- light bonds awarded July 8 to Feder, Holzman
Co., Cincinnati, at 103 -496, and the $100,000 4% sewer and
$100,000 4% street bonds awarded September 3 to W. R. Todd
Co., Cincinnati, and W. J. Hayes
Sons, Cleveland, at
102*50, have all been refused by the successful bidders, and
the bonds were re-awarded on November 7 to the First National Bank of Nashville at par and accrued interest. See
Chronicle Sept. 14, Sept. 3, Aug. 24, July 13 and June 29,
1901.
&
&
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Newark, N. J.— Bonds Authorized.— The Common Council
has authorized the issuance of $500,000 Vy^% aO-year trackelevation bonds.
Bonds Proposed. The Common Council will probably take
action in the near future looking towards the issuance of
$300,000 hospital bonds.
Newburjport, Mass.— Bond Sale.— This city has sold $46,000 '3%% 30- year sewer bonds, part to the sinking and trust
funds and part to the Five Cent Savings Bank of Newburyport at 105*75.
Newell, Iowa.— Bonds Voted and Sold. The election held
in this town on November 5 resulted in tavor of issuing
$5,000 5% 10-year water and gas bonds. These bonds, we are
advised, have already been sold to the Miller
Chaney Bank
—
—
&
of Newell.
New Haven, Conn.— Loan Proposed.—The Board of Finance has voted to authorize the Mayor and Comptroller to
borrow $100,000 in anticipation of the collection of taxes.
New Philadelphia, Ohio.— Bond Sale.— On November 8
$7,000 Q% sewer bonds were awarded to the Citizens' National
W.J. Hayes & Sons. Cleve.. 32,300 CO Karson. Leach 4 Co.. Chic... 81.852 (.0
New 1st Nat.Bank.Columbus. *2,201 50 First Nat. Hank. Chilltcothe. 30.P9PO0
30,601 50
LamprechtBros. To., Cleve.. 32,181 00 Citizens.' Savings Bank
Denison. Prior 4 Co., Cleve. 32,083 00
For description of bonds see Chronicle Oct. 19, p. 865.
Osceola ( onnty, Iowa.— Bonds Voted.— At the recent election tbe issuance of $50,000 courthouse and jail bonds carried by about 250 majority.
ParKer, S. Dak. Bond Offering. Proposals will be received until 6 P. M,, Dec. 2, by C. L. Jones, City Auditor, for
.
—
$10,000 4%% bonds, issued in aid of building a court-house.
Securities are issued pursuant to Chapter 33, Laws of 1893,
and were authorized at the election held April 30, 1901, the
vote being 171 for to 23 against. They are in denomination
of §100, dated Dec. 1, 1901. Interest will be payable January
Principal
1 and July 1 at the office of the City Treasurer.
will mature Jan. 1, 1922, subject to call after Jan. 1, 1907.
A certified check for $500 must accompany proposals. The
The
total bonded debt, including tbis issue, will be $12,000.
assessed valuation is $249,000 and the real value about
$747,000.
'
Pembroke, Ont.— Debenture Offering.— Proposals will be
received until November 16 by T. M. Skinner, Chairman of
the Finance Committee, for $18,000 4% debentures. Securities are dated Nov. 20, 1901, and will mature in twenty annual instalments.
Phoenix (Ariz.) School M&tiict.- Description of Bonds.—
The $20,000 bonds which we stated in tbe Chronicle Oct. 26
had been sold were purchased by A. P. Gunther at 110*03
Securities are in denomination of
and accrued interest.
$500, dated Sept. 16, 1901. Interest will be at tbe rate of
d}4%, payable annually. Principal will mature Sept. 16, 1921.
Port Arthur, Ont. -Debenture Offering.— Proposals will
be received until November 22 by J. McTeigue, Town Treasurer, for the following debentures
$30,000 b% 20-vear water-power-development debentures, dated Feb. 25, 1901
Interest will be parable June l and Dec. I.
16,000 b% a^ -year school debentures, dated Nov. 1, 1901. Interest will be pay-
May 1 and Nov. 1.
Port Chester, N. Y.-Bond Sale.-On October 28 $3,165 25
V-4,% gold paving bonds were awarded to the Port Chester
Savings Bank (the only bidder) at 100*00125. One bond is in
able
denomination of $1,165 25 and will mature Nov. 1, 1902.
Four bonds are in denomination of $500 and will mature one
nomination of $1,000. Interest will be payable April 1 and bond vearly on November 1 from 1903 to 1906, inclusive. SeOctober 1 in New Philadelphia. Principal will mature $2,000 curities are dated Nov. 1, 1901, and the interest will be payyearly on October 1 from 1908 to 1910, inclusive, and $1,010 able semi-annually.
on Oct. 1, 1911.
Provo, Utah.— Name of Purchaser.— We are advised that
Newport, K. 1.— Temporary Loan. A resolution author- S. A. Keau of Chicago is the purchaser of the $100,000 4%
izing the City Treasurer to borrow $175,000 at 3%% rrom the 20-year refunding bonds which we stated last week had been
Savings Bank of Newport has been passed. The loan is made sold at par.
Bank
of
New
Philadelphia at 115*871.
Securities are in de-
—
Rockford, 111.— Bond Sale.—This oity has sold an issue of
Rochelle, N. Y.— bond Offering.— Proposals will be $13,000 4% 6-year refunding bonds to tbe Rockford National
received until 8 p. m., November 25, by Andrew J. Selz, City Bank at 101*50— an interest basis of about 3'719#. Securities
Clerk, for $40,000 6# certificates of indebtedness. Securi
are dated Nov. 1, 1901, and the interest will be payable semities are issued pursuant to Section 244 of Chapter 128, Laws annually.
of 1899. They are in denomination of $5,000, dated Nov. 6,
Rockville Centre, N. Y.— Bonds Voted.— This village has
1901. Principal will mature Nov. 6, 1902.
Proposals must voted to issue the $10,000 water- works- extension bonds menbe accompanied by a certified check for $1,000, drawn on a tioned in the Chronicle November 9.
national bank, and made payable to the City Treasurer. PurSaco, ULe.—Loan Authorized.— The City Treasurer has been
chasers must pay accrued interest.
authorized by the City Council to borrow $15,000 temporarily
Newton, Mass.— Bond Sale.— This city has disposed of at to meet current expenses.
private sale a $12,500 Z%% 10 year police and fire-station
Saginaw, Mich.— Bonds Authorized.—The Board of Estibond. The bond is in the form of a registered certificate and mates has authorized the issuance of $3,000 sewer bonds for
bears date Nov. 1, 1901. Interest will be payable semi-annu- the Western Taxing District.
ally.
St. Helens (Ore.) School District.— Bonds Authorized.—
Newton County (P. 0. Newton), Texas.— Bonds Voted.— The School Board has decided to issue $3,500 school bonds.
The proposition to issue $25,000 bonds carried by 35 majorSandy Hill, Washington County, N. Y.— Bond Sale.- On
ity at the election held Nov. 2, 1901.
November 12 the $62,500 registered sewer bonds were awardin anticipation of the collection of taxes.
New
MBEK
16,
IHK
1001.
HKON1CLK.
<
ed to W. J. Hayes & Sodh. Cleveland, at 1018U. For 8W*
bonds— a baeis of about 3-361%. Following are tho bids, all of
wbioh were for 3}o P er cents
Board
I'rt
Nov. 9, p. 1027.
Seward, Neb.— Bond Sole. - Jt is stated that an issue of
t 1 20- year (optional) refunding bonds has been
mi run
1*3776
91,186 no Geo m. iinhii. New York
W.J. Hayes A Sons. Cleve
81800
060 00 l.uainrticlii Bros. Co.. Clove
Jno. D. Kveritt & Co.. N. V....
6?6 00 John A. Cimtw.ll. I'll. u.
00
Faraon, Leaoo \ Co., n. ^ ..
For description of bonds see Chhoniclk Oct 96, p. <Jll.
Sangamon County, l\\.—Bond Election Proposed. The
question of calling an election to vote on the issuance of
bonds is being considered, but nothing can be done in the
matter, we are advised, until the meeting of the County
LI
.
nold at par, $90,000 to the Firs! National Bank of
$10 000 to the Merchants' Bank of Utica, Neb.
1
—
—
Southbridge, Mass.— Loan Authorized.— At a recent town
meeting the Treasurer was authorized to borrow $4,000 on a
.
Interest will be payination of $1,0(0, daied Sept. 2, 1901.
able semi-annually at the Canal National Bank of Portland.
Principal will mature $2,000 yearly on September 1 from
William G. Thomas is City Treas1904 to 1908, inclusive.
)
Bonds Proposed.
Senoia, Ga.
is provided for in a
bonds
bill
urer.
issuance of school
before the State Legis
lature.
Sheradeu(P.
Sheridanville, Pa.) School District.—
12 the $25,000 i% 30-year school
0.
BondSale.-On November
bonds were awarded to M. A. Stein, New York City, at
Follow107 33 and accrued interest— a basis of about 3'60^.
ing are the bids
Stein. New York
:
10V33
M. A.
I
Denlson. 1'rior* Co.. Cleve ...J07*(«
Williams & Co., PtttsbTr.. .107-00
Jas. Carutuers & Co.. PittsburK.106-61
I
C. U.
I
A
w. J. Hayes & Sons, Cleve
108-60
W. R. Todd & Co.. Cincinnati. ..102*20
posals.
Seasongood & Mayer, Clncin.... 101-288
Starke Connty (P. O. Knox), Ind.— Bond Sale.— On Nov.
8 the $34,124 80 4.%% Center Township road bonds were
awarded to the Laporte Savings Bank of Laporte at 101*509
I
&
A
telegraphic bid of 10804 was made by Dick Bros.
Co., Philadelphia. This bid, however, was not accompanied
by a certified check for $250, and it did not reach the School
NEW LOANS
$136,000
CITY OF ATLANTA, GA,
Sealed proposals will be received at the office of
the Mayor of Atlanta. Ga., until 12 o clock M., Tuesday, December 3d, 1U01, for *418,000 City of Atlanta,
Ga., 30-year 3X$ Gold Coupon Bonds or $1,000 each.
due December 31st, 1931. Interest pavable July and
January in New York and Atlanta. Bids may be for
the whole or part of said bonds. Bidders to enclose
with bid certified checks for Hve per cent of par
value of amount bid for check to be made payable
to the order of Thos. J. feeples, City Treasurer.
Bidders will be required to receive and pay for
:
bonds allotted them on December 31st, 1901. The
is reserved to reject any or all bids.
LIVINGSTON MIMS, Mayor.
right
RAW80N,
haiiman Finance Committee.
For further information address
J. II.
Mclean county, Illinois,
4% Court
House Rebuilding Bonds.
:
INVESTMENTS.
Geo. D. Cook Company,
INVESTMENT SECURITIES,
Dated November 1, 1901. Denominations $1,000 each.
ZH% Gold Refunding Bonds.
(
Following are the bids
INVESTMENTS.
^41»,GOO
W.\l. C.
—
Starke, Via.— Bond Offering. Proposals [will be received
until 12 M., December 9, by the Board of Bond Trustees, E.
P. Duncan, Secretary, for $14,000 5£ water and $4,000 5g
Securities are in denomination of $100,
electric- light bonds.
dated Jan. 1, 1902. Interest will be payable semi-annually
at the Bradford County Bank of Starke or at the office of the
Town Treasurer. Principal will mature July 1, 1921. The
town has no bonded or floating debt at present. The assessed valuation is $225,000 and the real value about $325,certified check for 2}4i of bid is required with pro000.
—The
now
Goldsmith,
City Comptroller.
*2tf,000due
26,000 due
November
November
due November
28,000 due November
so.000 due November
20,01)0
1,
1,
1,
1,
1,
1902.
1003.
1904.
1905.
1906.
238-240 La Salle Street,
Price yielding 3J4 per cent.
Assessed valuation
$19,309,778
Actual valuation
96.54S.890
Indebtedness, including this issue
328,000
Population, Census 1900, 67,813.
City of Bloomington is the county seat.
The entire bonaed debt of this county was created
to rebuild the Court House destroyed by Are about
two years since. McLean County is not only the
largest In the state, l,16d square miles, but Is one
of the most fertile and wealthy.
Legality of issue approved by Storey, Thorndlke &
Palmer, Boston, Mass.
WII.O
F.
J.
&
CHICAGO.
N. Y. Office. 1442
Allcnhurst, N. J.,
3M«.
'IMs.
Forth Ainboy, N. J.. 4a.
Southern Pines, N, C, tit*.
York (Pa.) County Traction Co.,
>l tire. Gold 5b.
EDW.
C.
YORK,
PHILADELPHIA,
E.
1
112 SO.
BONDS.
171
la
salle
CHICAGO.
NASSAU STREET
FOURTH STREET
BANKERS,
Devonshire Street
Perry, Coffin
&
Salle Street, Chicago.
CORPORATION
•
•
•
BOSTON.
ILLS.
LIST ON APPLICATION.
BONDS
MUNICIPAL and
INVESTMENT BONDS. CORPORATION
INVESTMENT BONDS.
»
172 Washington Street,
Burr,
6o State Street,
Netting from
DUKE
S%
M.
to 6# always on hand.
FARSON &CO.
115 Dearborn
St.,
CHICAGO.
Send for our Investment Circulars.
LIST.
MUNICIPAL
DENISON, PRIOR & CO.
CLEVELAND.
La
CHICAGO,
BOSTON.
8END FOR
171
T. B. POTTER,
street, MUNICIPAL and BUNUa
nnwnc
«t
MUNICIPAL BOND8.
C. STANWOOD & Co.
121
Co.,
Municipal Bonds,
1
JONES & CO.,
NEW
CO.,
&
AND CORPORATION
MUNICIPAL
CO., Bankers,
R.FULTON &
F.
Broad-Exchange Bid*.
MacDonald, McCoy
Indianapolis.
New Orlennm, l,n., 4n.
Town of Covert. N. Y.,
pchool bouse.
South Omaha, Neb.— Bonds Voted —The Issuance of $6,1 00
5% 10-year library-site bonds was authorized at the election
held Nov. 5, 1901.
South Portland, Me. Bond Offering.— Proposals will be
received until 230 p. m. to day (Nov. 16) by the Finance Committee for $10,000 334* sewer bonds. Securities are in denom-
proposals.
to a vote of the people.
new
five-year note for the building of a
Scurry Couuty, Texas.— Bonds Approved.— An issue of
$9,000 refunding court-house and jail bonds has been approved by the Attorney-General.
Seattle (Wash.) School District.— Date of Bond Election.
November 3 has been fixed as the date upon which the
question of issuing $250,000 school bonds will be eubmitted
—
Seward and
Sheridan, Ore.— Bond Proportion Defeated.— The City
Council has defeated a proposition to issue bonds for a waterworks system.
Sherman ( On nt y, Texas.— Bon is Approved. The Attorney-General has approved an issue of $3,950 court-house
bonds.
Board in December.
Suult Ste. Marie, Mich.— Bond Offering. Proposals will
be received until 2 i\ m November 25, by H. A. Harrison,
City Recorder, for $70,000 4% gold trnnk sewer bonds. Securities are in denomination of $1,000, dated Nov. 1,1901.
Interest will be payable semiannually at the Chase National
Bank, New York City. Principal will mature $14.000 yearly
on November 1 from 1902 *o 1906, inclusive. A certified
check for $500, payable to J. F. Headman, City Treasurer,
must accompany
one hall bODl Biter the time .set for the opening
For description of bonds see Chronicle
of the proposals.
:
Premium.
until
1077
AND
BOSTON.
MASON, LEWIS & CO.
BANKERS,
BOSTON,
CHICAGO.
Corporation •nadnock
OO Devonshire Si.
Building,
Blodget, Merritt
Co.,
MUNICIPAL
__»._BANKERS,
RAILROAD
BONDS.
CORPORATION
E. H. ROLLINS
16 Congress Street, Boston.
Choice Isaac*.
&
Public
Service
BONDS.
& SONS
13 Wall Street, New York.
STATE, CITY & RAILROAD BONUS. Denver.
BOSTON.
San Franelsco.
Street
Railway and Gas Companies.
LIST ON APPLICATION.
THE CHRONICLE.
1078
Premium
Laporte Savings Hunk
M. Holmes, Chicago
T. B. rotter & 0o„ Chicago
*
And accrued
Prriniurn.
Sons. Clevo.... fir-uoo
»8B1 (0
841 1*4
8. A. Keiin. Chlcn«(
Perclval Brooki Coffin, Cbio.... 1062
W.J. Hayes
I. K Wild &
*lb\6 00
G2S 00
•462 20
J.
A
Co., lnd'apolls
Interest,
I.. Duy A CO., Huston
Kttabrook
Co., Boston
N. VV. Harris * Co.. Boston
Hlodgni, Mi-rrttt * Co.. K>mton.
M. K. Skinner A Co.. Hon ton...
11.
*
A
109*59
Blake Broi.
i'2.<>-»
(iio.
10*rX7S
1M2'2U
Jom, Parker A Co., Homou
Adams 4 Co.. Motion
\
102-06
Co.. Botiton
Co.. lioato»..102'OM
io2-os
102*02
KernuM A
1"207
Warwick, K. I.— Bonds Proposed.— A
For description of bonds see Chronicle Oct. 26, p. 925.
Sumner School District, Kern County, Cal.— Bonds DeAt the election held November 1 the proposition to
feated.
We are adissue $15,000 echool-house bonds was defeated.
—
vised that a vote will again be taken on the subject in the
very near future.
Swatnsboro, (}».— Bonds Voted.— An election was held
November 7 at which the question of issuiDg $12,000 acbcolhouse bonds carried by a large ma j )rity, only ten votes being
cast against the proposition.
Taliaferro County (P. 0. Crawfordsville), Ga.— Bond
Offering.— Proposals for the $22,500 4%% gold court-houpe
bonds fully described in the Chronicle October 19, page 867,
will be received until December 3 by the Board of County
Commissioners.
Thornton (Tfxas) School District.— Bonds Approved.—
An issue of $5,000 school- house bonds has been approved by
the Attorney General.
Toronto Gore Township (P. 0. Castlemore), Out.— Debenture tale.— On November 7 the $2,500 1% debentures were
awarded to Geo. A. Stimson & Co., Tcronto, at lOO'lO. Following are the bids
G. A. Stimson & Co.. Toronto. 12,608 60 Central Canadian Loan Cor.,
H.O'Hara& Co., Toronto
$2,602 00
2,4tf0 60
Toronto
:
I
bill now before the
State Legislature provides for the iss-uance of %4 00.000 bonds.
Wateryille, Me.— Loan Authorized.—The Mayor and City
Treasurer have been authorized to borrow $25,000 temporarily at not exceeding 1% interest.
Waynesboro, Ga. —Bond Bill Passes Bouse.— A bill recently passed by the House of the State Legislature provides
for the issuance of $30,000 light and water bonds.
West Bay City, Mich.— Bond Sale.— The City Courcil on
November 4 sold at private sale to H. W. Noble & Co., Detroit, the $25,000 4% 30-year water bonds mentioned in the
Chronicle October 26. Securities are in denomination of
$1,000, dated Jan. 2, 1902.
Wethersfleld, Conn. —Loan Authorized. At a recent town
meeting the Treasurer was authorized to borrow $3,000 to defray current expenses.
Worcester County, Mass.— Temporary Loan.—The County
Commissioners have voted to borrow $15,000 for '60 days from
a local bank.
Youngstown, Ohio.—Bond Sale.— On November 11 the
$1,825 5% Caledonian Street grading bonds and the $640 5%
Burke Street sewer bonds were awarded to the Firemen's
Pension Fund of Youngstown at 105 "765 and 105*58, respectively.
Following are the bids
—
$1,825
I
Tnrner County,
LXXm.
[Vol.
Dafe.— Bonds Voted.— The question of
issuing $20,000 court- house bonds carried at the recent elecS.
R. McCurdy. Youngstown
First National Bank. Barnesville
tion.
Ulic9, N. Y. -Bond Sale.— On November 12 the $46,687 46
A% paving bonds (3 issues) were sold at public auction to
Ieaac \V. Sherrill, Poughkeepsie, at 100 295 and accrued interest.
The other bidders represented were W. J. Hayes &
Sons, Cleveland; M. A. Stein and Geo. M. Hahn of New
York City and John G. Gibson of Utica. For description of
bonds see Chronicle Nov. 2, p. 975.
Ware, Mass.— Bond Sale.— An issue of $30,000
year (serial) notes has been awarded to R. L. Day
Boston, at 102 59. Following are the bids
3^ 120&
Co.,
:
ForBtjth
$64
Bond*.
$1,93021
1,860 00
Firemen's Pension Fund, Vouogstown
Bonds
$H75'1
Issue*.
652 00
$2,506 00
For description of bonds see Chronicle Oct.
19, p. 868.
STATE AND CITY DEBT CHANGES.
Farming ton, N. H.— J.
is in
E. S.
Refunding Bonds—
Sinking fund asset?
$6,187
Net debt Feb. 15, 1901..
60,025
Tax valuation 1901
1,180,416
Tax rate (per M.) 1901
$24*50
Population in 1890 was
3,064
Populationin 1900 (Census). 2,265
Jan. 1, 1918
Subject to call Jan. 1, 1908
Total debt Feb. 15, 1901. .$56,500
Floating debt
9,712
Total debt Feb. 15. 1901.. 66,212
48,
This town
Hall, Chairman.
Strafford Ccunty.
J&J, $56,500
INVESTMENTS.
W. HARRIS &
N.
CO.,
31 NASSAU ST.,
CHICAGO.
Deal exclusively
THE GRAND
TAX-EXEMPT
BANKERS,
NEW YORK.
PRIX-
GUARANTEED
BOSTON
In Municipal,
RAILROAD STOCKS,
Railroad and other bonds adapted
for trust funds and savings.
ISSUE TRAVELERS' LETTERS OF CREDIT
A VAIL ABLE IN ALL PARTS Of THE WORLD.
TO NET VA% INCOME.
Quotations furnish ed for purchase, sale or exchange.
LISTS ON APPLICATION.
WAS AWASDID AT THB PARIS EXPOSITION TO
WHITING'S STANDARD
SEND FOR LIST
November Investments.
MUNICIPAL, RAILROAD AND CORPORATION
BONDS.
FARSON LEACH &
WE
71
CORDAGE
5*.
S
& Power Co.
Butte, Mont.,
Denomination,
.$1,000.
Maturing
1 to
Duane Street, New York.
150
SECURE BANK VAULT8.
QENUINE
THE AMERICAN
MANUFACTURING
COMPANY.
*» WAJLTC
30 years.
And
SPECIALTIES.
LAB
5 per cent 1st Mortgage Sinking Fund
Gold Bond?.
holy ore. mass..
J
IK
\%\\l
A
X,
(Total Issue, $1,000,000)
ever received this— the highest honor that can be
conferred.
It means they are the most perfect
made. Insist on having them for your fine correspondence and your office stationery. Are you using
Whiting's Ledger Papers In you Blank-Book
Samples and booklet free.
New York. WHITING PAPER COMPANY,
•
TRANSMISSION ROPE.
$430,000
Butte Electric
Broadway,
CO.,
OFFER. TO YIELD ABOUT
CO.,
BANKERS.
NEW YORK.
CHICAGO.
WHITE &
C. H.
8TBMBT,
HBW
WELDED CHROME STEEL AND IRON
Hound and Flat Bars and
6-ply Plates and Angle*
Ac.
be Sawed, Cut, or drilled, and positively
Burglar Proof.
FOR 8AFE8, VAULTS.
Cannot
CHROME STEEL WORKS,
TOBK.
Kent Ave. Keap and Hooper
Rudolph Kleybolte
I
NASSAU
ST.,
&
NEW YORK
Co.
CITY.
Seasongood
S.
&
$20,000
CITY OF DUBUQUE, IOWA,
REFUNDING
4s.
Dated July 1, 1901. Denomination $1,000.
Principal and semi-annual interest payable at First
National Hank in the City of N. Y. Due Jan. 1,
111 17. wit nour option ot previous pnyinem.
Legal Investment for savings banks in all the
New England States. Price upon application.
TROWBRIDGE & NIVER
First National
Bank
Building,
CO.,
CHICAGO.
Streets.
MUNICIPAL BONDS.
County, Town and School Bondi
•sued In leading prosperous States of the Onion,
especially adapted (or safe and permanen Invest
cuent for Estates and Trust Funds.
City,
.
ARIZONA GOLD
5s.
Judge J. F. Dillon's legal opinion:— "Upon admission to Statehood, Arizona bonds become a legal
investment tor New Yirk savings banks."
List of bonds upon application.
HARRY
B.
POWELL
8.
<fc
Woodstock, Vermont.
CO.,
A. G. Becker
I
Sts.,
RKOIIK I. YW.
Mayer,
W, Corner Third and Walnut
High-Grade
the n.
S">l« .Man'f'«rs.ln
CINCINNATI, OHIO.
We own and offer, subject to prior sale.
PAPERS.
They are the only American papers which have
&
INOORPORATBD.
N.*tf,
Co.,
I
COMMERCIAL PAPER,
8.
W.
Cor.
Monroe & La
Saile Bts., Chicago.
WE DEAL IN
Lands and Land Securities
OF ALL STATES.
TEXAS LANDS WANTED.
Correspondence Solicited.
AMALGAMATED LAND COMPANY,
Street, New York.
31 Nassau
@FedFRASER