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pmntrtal
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ommerrfl
Quotation -Supplement
Street Railwaij5upplement ^aratou%>
(Monthly)
Investors Supplement (qm*>
[Entered aooording to Act of Congress, In the year 1900, by the William B.
YOL
Dama Company, In the offloe of the Librarian of Congress.]
SATURDAY, NOVEMBER
71.
Supplement (^w^
State and City
NO. 1847.
17, 1900.
Week, ending November 10.
JEJxt
Clearing* at-
©ferottijcte,
PUBLISHED WEEKLY.
New
Terma of Subscription— Payable in Advance
For One Year
$10 00
For Six Months
6 00
13 00
European Subscription (including postage)
European Subscription Six Months (inoluding postage)
7 50
42 14 s.
Annual Subscription in London (including postage)
do.
do.
*1 lis.
BlxMos.
do.
Above subscription includes—
Street Railway Supplement
Thb Quotation supplement
state and City Supplement
The Investors' Supplement
Terms of Advertising—(Per Inch Space.)
Transient matter
$4 20 Three Months (13 times) .$29 00
" ).. 50 00
Six Months
STANDING BUSINESS CARDS.
(26
" ).. 87 00
Two Months
(8 times).. 22 00 Twelve Months (52
I
|
.
London Agents:
&
Smith, 1 Drapers' Gardens, E. C, will take subMessrs. Edwards
scriptions and advertisements, and supply single copies of the paper
at Is. each.
WILLIAM
Pine
B.
DANA COMPANY,
Street,
Albany
Rochester....
Syracuse
Scranton
Wilmington..
Birjghamton..
Chester
Total Middle
Boston
Providence
Hartford
New Haven
Springfield
Portland
Fall River
Lowell
538 450
623.068
New Bedford
Holyoke
NewBng..
Cincinnati
Detroit
Cleveland
Indianapolis
Peoria
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, Nov. 17, have
been $2,171,075,337, against $1,710,467,864 last week and
$2,004,487,968 the corresponding
week
To.edo
Grand Rapids
Dayton
Kvansvllle
Youngstown
Springfield,
111
Lexington
Akron
Kalamazoo
Rockford
of last year.
Springfield, Ohio..
Canton
Week Ending November
Clearings.
Return* by Telegraph
New York
Boston
Philadelphia
Baltimore
Chicago
St. Louts
New Orleans
Seven
Other
Total
all cities,
All cities, 1
Total
$1.034. 7 58,240
131/20 017
124.517.1C9
84 712 543
21 647.080
83,514.617
35 571 550
12,824 032
6 days
days
6 days
day
all cities for
week.
1899
11,198.493,100
121.49U.8B4
cities,
cities, 5
1900.
$1,603,668,306
208.419.763
18,258 298
126.799.644
31,476.005
10.825.043
$1,430 148.756
225,017,498
91,812.088.069
$1,655,164 264
358.987 268
349.323,714
12,171,078.337
$2,004,487,968
Jacksonville,
17.
111...
Quincy
P. Oent
+15-8
+5-2
+1-4
+18-0
-42
+13*0
+18-5
+121
-7 4
Tot. Mid. West'n
San Francisco
Salt Lake City
Portland
Los Angeles
Seattle
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Paolflo
Kansas City
Minneapolis
Omaha
the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, November 10, and the results for the corresponding week in 1899, 1898 and 1897 are also given. In
comparison with the preceding week there is a decrease
in
the
aggregate exchanges of
million
sixty-five
dollars,
the loss at New York being two millions.
Contrasted with the week of 1899 the total for the
whole country shows a decline of 4*8 per cent. Compared with the week of 1898 the current returns record
an increase of 22-0 per cent, and the excess over 1897 is 28*0
per cent. Outside of New York the decrease from 1899 is 9*2
per cent. The excess over 1898 reaches 15*4 per cent, and
making comparison with 1897 the gain is seen to be 17*7 p. c.
full details of clearings for
318,529
178,395 617
18,190,870
2 102,711
2,0nO 000
2.189.493
2.871800
1,052,782
987 933
5^0,421
898f03
182,522
Sioux City
1.111683
Tot. other West.
Louis
New Orleans
St.
Louisville
Galveston
Houston
Savannah
Richmond
Memphis
531.996
114.694
187.367
52 378 839
31,648 835
13,22- .016
7.225 364
4,693,000
5.80U 000
4 8*3 479
3 40 064
4,0*3. 1D9
Atlanta
2,494 60 i
Nashville
Norfolk
1,5'K)
Augusta
1,4.30,646
Knoxvllle
Fort Worth
1,100.<
Birmingham
Macon ..
Little Rock
Chattanooga
000
1.468.876
600 935
00
800 000
726.000
7*2,343
865 8*2
226.458
02
3,406,122
1,692.727
846.980
1,269 04*
614,518
499.7*2
108.626
143.972
56,583 698
84,850.099
12.728.781
8,628,008
4,481 450
5,569 954
4,585.959
3,530,515
4,016 621
2.346 524
1.608 9*7
2.3H3.895
1,362,110
649 56m
002,390
836.149
899.000
557,71
888.H88
214 92C
Jacksonville
Total Southern..
86.870.121
90 480 740
Total all
1,710.467 864 1.797.109.985
Outside N. York.
640 378 497 705.356 167
Montreal
16,2-3 4?4
19 0«8 076
Toronto
Winnipeg
Halifax
Hamilton
II 304.956
2.746,778
1686
571
765 893
John
77*961
Victoria
828 IH8
1,010 029
85.892 790
St.
Vancouver
Total Canada
325,300
-10
-2 6
—112
-18 6
—15 5
10,826 721
3.362 892
1.707.906
806.014
756.713
782 374
1,236.128
38 646 824
960,576 763
116,323.893
6.013,600
2.408.H27
+11-9
1,611.041
1,721,036
1,604,743
1.644.F90
-S'l
-13
6
—59
884 389
745,746
522,458
lv.-l
-12
—13 8
182,378,123
108,909.272
+18
13.029.fi00
2
6.955,12?
8,086.242
5.839.364
4,148.000
2,901,299
1,705,311
1.013 690
—8*5
—15-2
4-2-1
—92
+107
-+1*7
-6 2
—7*6
—78
+6 9
-20
-171
923 413
834.539
8H5.436
275848
416.203
870,347
388.V00
305 875
192 448
251,613
263,610
+17-0
—19-8
—12
9
-35
—S4
—27-4
—16 4
-18-9
+15-0
-0 8
+2 3
—?2 1
+1-0
—92 8
+808
+0-3
-117
-3'8
-130
—137
—18
4
+4-4
+6
792 006.266
66 992,468
15.453.136
16,791 510
5.634.108
2,052,630
1,800.806
1,097,443
085.156
680,843
344,300
903 697.671
111,774893
6,749,500
2,411.212
1.507,220
1,568,316
1,618,108
1,666,175
1,044,277
810,402
617,449
6
—119
+6
1897.
9
—10-6
14,768.145
14 201,409
6 815.082
946.36
+9*4
199.240.014
21.758.256
2 609.923
2.599.052
2,166 623
2.807 371
1,650,1 50
977,875
674,431
304,93*
181 931
3,794,';
Wichita
Fremont.
Hastings
-116
1,740.320
1,028,696
036,866
664,299
—8*9
In tot
6,9035*3
Denver
2,198177
+46
+11-8
+68
Not Include
35,620.948
15,356.064
16,322.874
6,735,732
31,437.035
—12 6
—
—30-9
170,215 445
139,516,070
14,897.950
7,722,732
11,298 522
6.298,771
4,949,700
8,890.302
2.126.806
2,164 266
1.236 2W1
1.159.819
1,022,430
277,008
431.281
461,238
445,600
418.503
295.449
397.572
381,519
16*,288
257 559
383.787
239,577
122,747
243.8S7
847.498 607
67.786 230
16,151,152
17.712.U09
4.636,803
1,090.619
610,327
757.352
278.042
1898.
—8-4
—8-1
-8-1
-8-8
—20
160,006.114
120,264 569
15,168,450
8,190.149
10.337 675
6,341.552
5,052.400
3,351,190
2,354. 163
2,200.903
1,159,334
1.071.339
948.576
296.714
422.677
882 403
521,100
835,773
—20
1.519977
8.P62.800
8,593 380
1.652.670
875.012
St.
Topeka
The
150,629,988
7,238,800
2,470,555
1,682.321
1,567,068
1.S20.029
4,718216
+28
+8 3
Paul
409.000
858.924
Joseph
1)68 Moines
Davenport-
5
St.
+9
Pt Oent.
1,212.380.63* t.245.019,120
1.519,666
1.812,0^5
1,208 900
1,026,658
Worcester
Milwaukee
Columbus
CLEARING HOUSE RETURNS,
447,800
319,948
133 740.847
5.890 900
2,088 727
1,883 001
Chicago
NEW YORK.
1899.
1,070,094,367 1,091,754,798
81,047,995
88.580,427
26 140.772
28,454,880
18,866 067
19,474.650
4.980 921
5,4*0,441
2,472,906
2,829,272
2.8»9.979
2,772.644
2,258.103
2,019,349
1,235,682
1,156.154
886,862
972.962
730,487
825.669
Washington..
Total
Publishers,
Corner of Pearl Street,
Post Office Box 958.
York....
Philadelphia.
Pittsburg
Baltimore....
Buffalo
1900.
1900.
5
—26
—+3
117
4
+54-0
+6 6
+6 6
128.576 547
108.507.165
12,178.600
6,855.139
6,833,624
6,628,983
4,026.200
2.514,231
1.685.620
1.883.868
1,002,748
741,003
268804
206 743
244 000
300 258
244.262
226.591
169,611
ill.
158,516,327
16.424 875
l,7o7.020
2167,800
1.578,4 ;8
1,376 601
1,121 028
787, i«8
660.826
488 000
167 57ft
26,i)08 96l
12 35)290
12 660,779
7,635 085
6,021 685
2,688,687
2,216 063
1,348. a04
748,8.1
8-6 837
575,-48
476 405
164.606 625
18 842 203
2 557 153
2 238.214
1.461 707
1,380.243
953.314
050,480
450.000
406 161
141,205
20 885 770
11,803 411
18,849,783
5 698.500
5.197.288
2.b55,947
1,596.463
1,192.476
558 015
908 421
526.604
466.640
110162
81665
—92
135 11
47 84S 985
81.726 544
+3
10.1>-0 94t
126 720
44.643.113
SO 608 452
10,322 b03
+30
2
— ;•*
9
—163
+4 7
-4«
+7-0
-25
5
+17
+68
—6*
-38
6
+5
—88
+219
—4-3
—19 2
+403
-6*0
+10
2
—50
7.318.754
5,247 7:0
8.H49 09"
8.953.257
2.886,492 851 25l,783.Co7
1.165.97.'
1,084,186
1,218,27.
521 678-6,902
539 i59
610.00.
4 3 851
871 697
9SH,H80
+2 9
+5 9
78 887 93
402 .c 07,07
656 108 671
18,09563V
9.42 160
2 648 480
1.367 88
726 321
66- 0«
785 185
—82
32 343.0*
—9-2
—14-7
+4
—18
4
3
-1-3
-51
—18 3
6,058,882
4,877.760
8.346 536
3 082,607
2 64 1 873
3.311,885
1.080 443
1,303.300
1,U<9.078
1,800,708
425 760
361.282
5)0 791
87H.C00
468,822
298.140
200 476
74,088 402
,335 896.118
543 88W 858
15 009.010
8 904 710
8,578 381
1.500.000
708.884
639.244
888.98*
an 4«o 147
THE CHRONICLE.
986
["Vol.
nearly every property participating in the
THE FINANCIAL SITUATION.
There have been numerous little events occurring
the current week which indicate a quickened industrial movement and an aroused vitality everywhere.
This is so although nothing has happened in that interval having any general influence on affairs; neither
has the revival been due to supernatural or magical
means. All that can be said in explanation is that
truth and error have for many months been in conflict and it has looked for the time as if error might
gain ascendency; the spirit of enterprise and the activities of the people have during the whole of that
period been more or less suppressed by this impending
danger. Now affairs, relieved from that fear, have
broken away from its restraining influence, and buoyancy in feeling and action has become a general feature.
The darkness of the night in which we have
been for months enveloped is fleeing before the light
of the coming day.
It
is
useful to draw attention to these varying
phases of our industrial situation and movements, for
experience is the best of school-masters. Besides, in
LXXI.
movement,
thus adding to the advances of the previous week; so
eager was the buying that it seemed to be almost
impossible to satisfy the demand.
ever,
there
came a
Tuesday, how-
reaction, with
quite
general
sales continued large, making
the aggregate for the three days 3,692,580 shares, notwithstanding that Saturday's session continued only
two hours.
The succeeding two days were of quite a
declines, but the total
Following the reaction on Tuesday came a much more quiet market Wednesday and
Thursday, with railroad stocks as a rule strong, and
some of them advancing materially, but the industrials remaining weaker, though without any very important declines; the sales of those two days aggregating only 1,806,212 shares. Yesterday the buying was
again urgent and apparently without much discrimination, prices advancing all through the list and there
being scarcely any reaction, even at the close. The
different character.
'
transactions
The death
amounted
of
to 1,221,233 shares.
Henry Villard removes
a
man who
at
one time played a very prominent part in the railroad
history of the United States.
It is true that he was
this case the contrast is extreme, the recent developnot able to carry his undertakings through to success,
ments having no doubt been phenomenal, not only in
that financial misfortune overtook him on several
character but in their suddenness breaking out in so
occasions, involving heavy losses to the security holdmany ways all at once and covering the whole field of
ers and those associated with him, and that if it had
work. They are to be seen in factory enterprises,
not been for the aid extended by the banking and
some entirely new, and others which had been arfinancial interests headed by Mr. J. P. Morgan, the
rested and held in abeyance during the political canconsequences would have been serious in the extreme.
vass being now advanced again; in announcements of
But making allowance for all this, it must be admitted
new issues of securities for the extension of trolley
It was his
that his achievements were important.
roads and divers other properties; indeed, stated.
energy and boundless faith that carried the Northern
in brief, hardly a department of trade can be menThis was many
Pacific through to the Pacific Coast.
tioned that is not already showing evidence of new
years before James J. Hill undertook to extend the
enterprise and expansion; while in the most of our
Northern to the Pacific. The cities of St.
commodity markets demand has increased materially Great
Paul, Minneapolis and Daluth and the whole tier of
and prices of products have risen. We should parStates on the Canadian border owe much to him for
ticularly note that the same hopeful and progressive
this first step, which was so essential to the settlespirit is conspicuous among the managers of our railment and development of such a large stretch of
roads; all sorts of improvements are either under way
country. At a critical juncture, namely in 1883, his
or in contemplation tending to strengthen the posiresources became exhausted; but the task he had
tion of their properties and to improve the facilities
imposed upon himself was one of large dimensions.
for cheaply and expeditiously doing the increasing
It is to be remembered, furthermore, as indicating the
business which is anticipated. It is in keeping also
nature of the undertaking, that ten years before, in 1873,
to mention, as evidence of the completeness of the
enterprise was yet on a small scale, the effort
change, the enormous additions to the transactions when the
of Jay Cooke & Co.
and rise in values at our Stock Exchange and at the carried down the banking house
—
and precipitated a panic in the industrial and financial world from which full recovery was not experienced until the resumption of gold payments in 1879.
Doubtless a similar result might have followed in 1883
that the banking interests came to the rescue.
tration as evidence of the added buoyancy and except
the road was being completed, and with much
confidence that have followed the favorable settle- Just as
ceremony a golden spike had been driven, so that the
Exchanges of other
the last two weeks and a
half.
The higher prices are of course in part speculative and so is the increase in transactions; but that
suggestion does not weaken the strength of the illus-
ment
cities
of the election issues.
We
outlook for the property appeared particularly bright,
the company's means gave out. The cost of the work
had been greatly under- estimated, as usually happens
have had a remarkable, though a somewhat
checkered, week on the Stock Exchange. Including
last Saturday the stock sales have reached 6,720,025
shares, a total which puts the week's sales next to the
largest they have ever been.
For the week ending
January 27 1899 they exceeded the current week's
aggregate, being 7,432,552 shares; the previous week
(ending January 20 1899) the total was 5,702,864
shares, and the week ending January 13 1899 they
were 5,588,825 shares; these totals are the highest
on such occasions, and the concern found itself burdened with a heavy floating debt, with extensive
pressing requirements, and nowhere to turn for ready
Mr. Villard's German backers, upon whom
cash.
he had been accustomed to rely, here failed him.
The situation was a most critical one. The preferred
stock dropped from 90f in June to 5G in October, and
the common shares fell from 53£ to 23£. The whole
country was becoming alarmed. It was then that a
ever recorded. The first two days of the current week
the market was very active and constantly rising,
syndicate consisting of Drexel, Morgan
low, Lanier & Co. and August Belmont
&
&
Co., Wins-
Co. stepped
November
in
THE CHRONICLE
17. 1900.1
and agreed
to take 118,000,000 of
an issue of $20,-
000,000 second mortgage bonds.
Notwithstanding his extensive railroad connections,
Mr. Villard never pretended, we believe, to be a railroad man in the operating sense. But he had a very
able adjutant to lean upon in Thomas F. Oakes. Mr.
As a financier he disVillard's forte was finances.
played qualities which in popular parlance are termed
qualities, however, which nearly always inbrilliant
In seeking for an
volve an absence of self-restraint.
—
explanation of the financial reverses which the properties with which he was identified experienced, it is
perhaps only necessary to say that his was an extremely sanguine temperament as it had to be to
direct such large undertakings and that he was often
carried away by his own enthusiasm. His scheme was
He had been very successful
a comprehensive one.
with the Oregon Railway & Navigation Company,
and he aimed to unite that property, the Northern
—
—
987
diminished receipts of seed and the natural consequence of a higher range in values of all products.
Nevertheless the volume of business done., the report
informs us, almost equaled that of the previyear,
when the cotton crop was the
ous
largest on record and low prices prevailed.
The
profits were] $1,739,449, against $1,883,254 for the
twelve months preceding. After allowing for interest on the outstanding debentures, and for the 6 per
cent dividends on the preferred shares and the 3£ per
cent on the common stock, a surplus of $176,968 remains for the year. The company has no bonded indebtedness, except $3,000,000 of debentures, and, as
showing the credit it enjoys, it may be noted that
these debentures, which previously bore 8 per cent
interest, were on November 1 extended for 15 years
at only 4£ per cent interest.
A distressing
event of the week was the suspension
Wisconsin Central, the Chicago & of the dry goods commission house of William L.
Pacific, the
Northern Pacific and allied roads under a single Strong & Co., the principal of which was one of the
The contrivance devised for that purpose, most prominent merchants in this city and highly recontrol.
His sudden death on Noof the Oregon & Trans- Con. spected in the community.
properties,
these
vember
2
tended
to
derange
the affairs of the
hold
control
of
tinental Company to
was not well chosen for the purpose. It served to house of which he was the head, and the execuweaken rather than to strengthen the general plan. tors of the estate brought suit on Tuesday for the disMr. Villard's methods have often been questioned, solution of the copartnership and the determination
Edward
but we think the faults and defects in them were all of the interests of the several partners.
attributable to his sanguine way of looking at things. A. Treat, of the firm of Treat & Converse, was
He was in many ways a man like Franklin B. Gowen appointed receiver under the decree of the Court.
To his over- confidence must be at- The death on November 5 of Francis H. Stott, of C.
of the Reading.
namely the organization
H. & F. H. Stott & Co., of Stottsville, Columbia Co.,
This time Mr. Mor- N. Y., who were extensive manufacturers of flannels,
the Northern Pacific suffered.
gan stepped in and took hold in good earnest. It is in which concern the firm of W. L. Strong & Co. was
a strange coincidence that Mr. Villard's death should largely interested, tended still further to complicate
have occurred at just the moment when the voting trus affairs, and for the protection of creditors of
tees announced their intention to terminate the voting the above-noted
manufacturer?
a receiver was
appointed on Wednesday.
trust, and made public a statement showing how ex
An examination by
tremely prosperous the property had become under the receiver of the books of W. L. Strong & Co.
new methods. In the early days of the Northern disclosed the fact that the accounts were more or less
Pacific Mr. Villard's faith and genius were of in- confused, and that a public statement of the affairs of
estimable benefit. To-day the solidity combined the concern could not be made until after thorough
with aggressiveness which distinguishes modern bank- inquiry. It was at first reported that the liabilities
ing interests is best suited to the property's needs.
would be quite large. Later, however, Hon. Cornelius
N. Bliss, John Claflin and Augustus D. Juilliard, who
The annual report of the American Cotton Oil had been asked by the receiver to act as an advisory
Company has been issued this week. This is one of committee, stated that the notes drawn by C. H. & F.
the older industrial properties which eleven years H. Stott and indorsed by W. L. Strong & Co. aggreago was changed from a " trust" into the corporate gate $1,000,000 and that there seem to be no notes of
form, the capital being at the same time very W. L. Strong & Co. except one for $7,500. The commaterially reduced, and which has since continued on mittee also said that they were credibly informed that
an assured basis. As is known, the company is pay- there had been no swapping of paper and no notes
ing dividends on both the common and the preferred drawn by W. L. Strong & Co. and endorsed by C. H.
shares.
The payment on the preferred stock is 6 per & F. H. Stott. In banking circles it is stated that
cent, and has been continued without break since the paper of the last-named firm was issued in lots of
1892.
On the common stock the dividends have been about $25,000 each and that it had been discounted by
3 per cent in December 1898 and 4 per cent in banks in this city and State and in Eastern cities and
December 1899, while 3£ per cent is to be paid the States, though the holdings by individual banks were
present year. The reduction of one-half of one per not so great as to be embarrassing.
tributed the later era of financial tribulations which
cent in this last instance reflects the slightly decreased
net profits of the late fiscal year ending August 31. It
—
quite surprising to note how small has been the reduction in net earnings considering the unfavorable
conditions which prevailed during the year. "We say un-
is
There has been no change in the official discount
rates by any of the European banks this week, though
unofficial rates
continue firm, especially at London,
where the market was affected on Thursday by the
depend- payment of the final instalment on the Exchequer
favorable conditions, because the company is
ent upon the available amount and price of cotton
The statement
New York
Associated
seed, which in turn is dependent upon the size of the Banks last week was somewhat of a surprise in that
ootton crop. This crop, as the reader knows, was short the changes in the cash items did not agree with the
last season, and as a result the company had to deal with preliminary estimates, there being a loss of $4,015,200
loan.
of the
s
,
THE CHRONICLE.
988
where only about half this sum was expected. The re
duction of $6,673,800 in loans was unlooked for, though
the decrease was supposed to be due to the liquidation of
loans upon stock collateral, which obligations had
been paid off by speculators who had sold their hold
ings during the rise following the announcement of
the result of the Presidential election. The exchange of fundable bonds for the new 2 per cents
amounted at the close of business on Thursday to
$352,083,450, and the exchanges have been comparatively large, amounting since Friday of last week to
$5,200,000.
representing bankers' balances, has
loaned at the Stock Exchange during the week at 6
per cent and at 2 per cent, averaging about 4 per cent.
On Monday loans were at 5 per cent and at 4 per
Money on
.
call,
[Vol. LXXI.
keep this class of bills firm. Arrivals of gold reported at the Custom House for the week were $2,to
The Assay
744,550.
paid
12,819,158 30
foreign and $727,988 58 for domestic bullion.
Nominal
Office
for
exchange are
uniformly
quoted at 4 81£ for sixty day and 4 85£ for sight.
Bates for actual business opened on Monday unchanged compared with those at the close of business on Friday of last week at 4 80f@4 81 for long,
4 84|@4 84f for short and 4 85£@4 85£ for cables,
and while the tone was steady to firm, there was no
quotable change in rates thereafter. The market was
steady on Friday. The following shows daily posted
rates for exchange by some of the leading drawers.
On
cent, with the bulk of the business at 4 per cent.
Tuesday transactions were at 6 per cent and at 4 per
On Wednescent, with the majority at 4| per cent.
day loans were at 6 per cent and at 2 per cent, with
the bulk of the business at 5 per cent. On Thursday
transactions were at 5 per cent and at 2| per cent,
with the majority at 4 per cent. On Friday loans
were at 4£ per cent and at 3 per cent, with the bulk of
Banks and trust compan-
the business at 4 per cent.
ies have loaned at 4 per cent as the minimum, some,
however, early in the week obtaining 4£ and 5 per
Time contracts are in good demand, and there
cent.
for
rates
DAILY POSTED RATES FOB FOREIGN EXCHANGE.
FBI..
Nov.
9.
MON.,
Tubs.. WBD.. TBTJRFBI.,
Nov. 18. Nov. 13. Nov. 14. NOV. 16 Nov. 18.
81*
85*
81*
OariDK,
j 80 days.
Magoun & Co.
486
[>..lSlght....
Sight.
(60
160 da]
days 4 81*
Sank British
Sight.
4 86*
No. America,
4 81*
Sank of
160 day
J60daj
Sight...
485
Montreal
Canadian Bank < 60 days. 4 81*
485
Sight...
of Commerce.
Ileldelbach, lok- J 60 days. 4 81*
{"££;
Brown Bros
4
4
4
!
i
)
.
elhelmer
&
Co.
Uuard Freres
<
\
4 85
Sight...
81*
4
. . .
Merchants' Bk.
of Canada
sightf*
80 days
486
<
t
Sight...
485
{
«B1*
8m
85*
81*
85*
81*
81*
85*
81*
86*
81*
85*
81*
81*
85*
81*
85*
81*
86*
81*
65)«
86*
81*
85*
81*
81U
85
85
85
81*
81*
85*
81*
86*
81*
85*
81*
M5*
81*
85*
81*
86*
81*
86*
81*
85*
85
81*
86*
81*
85*
81*
»5*
81
81*
86*
81*
86*
81*
°6*
81*
86*
81*
85*
81*
°6*
81*
«6*
81*
85*
<-
8J*
81*
86*
81*
86*
81 w
86*
81W
86*
81*
85*
The market closed steady on Friday at 4 80|@4 81
for long, 4 84£@4 84f for short and 4 85i@4 85£ for
cables.
Commercial on banks 4 80£@4 80^ and docu-
ments for payment 4 80@4 81^. Cotton for payment,
has been a moderately large business during the week
4 80@4 80£, cotton for acceptance 4 80£@4 804 and
at 4£ to 5 per cent for four to six months on good
mixed Stock Exchange collateral. Quotations for grain for payment 4 81@4 81£.
thirty to ninety days are 4£ per cent,
tions are small for these periods.
though transac-
The
The
have had money
week's movements of
to and from the interior by New York banks.
following
only influ-
ence which the Strong suspension appears to
in the commercial paper market was to induce a closer
scrutiny of names. The demand for paper is good,
not only from local, but from out-of-town institutions,
and the supply is fair, with no accumulation. Kates
are 4@4|- 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.
Week Ending Nov.
England minimum rate of discount
remains unchanged at 4 per cent. The sable reports
discounts of sixty to ninety-day bank bills in London
4 per cent. The open market rate at Paris is 3 per
cent and at Berlin and Frankfort it is4i@4fper
According to our special cable from London
cent.
the Bank of England gained £187,899 bullion during
the week and held £31,918,050 at the close of the
week. Our correspondent further advises us that the
gain was due to the import of £10,000 from Australia,
to receipts of £264,000 net from the interior of Great
Britain, and to exports of £86,000, of which £40,000
were to Roumania, £36,000 to Malta and £10,000 to
South America.
of
foreign exchange market has been dull and
firm this week. There was some demand for cables
on Monday in connection with the bi-weekly settle
The
in London, after which the market for them
The supply of commercial bills
grew inactive.
against cotton has been small, and only moderate
ment
the
Received by
16, 1900.
Net Interior
Movement.
Shivved by
N. T. Banks. N. T. Banks.
Onrrency.
iold
16.496.000
Total gold and legal tenders.
494,000
$4.655 000
482.000
Gain. 11,84 1.000
Gain.
18,000
16,990,000
16,137,000
Gain. 11.858 000
With the Sub-Treasury operations and gold imports
the result
is
as follows.
Week Endino Nov.
The Bank
gives
Out of
Into
Banks.
16, 1900.
Net Change Mi
Banks.
Bank
Holding*.
Blinks interior movement as above
Sab-Treas. oper. and gold imports
$6,9»0,OO0
$6137.000
Gain.
«1, *63.OC0
23,800,000
20.800.000
Gain
3,000.000
Total gold and legal tenders.
$30,790,000
$85,937,000
Gain,
The
following table indicates the
ia the principal
000
bullion
European banks.
Nov.
Bank
amount of
f 4.853
Nov.
15, 1900.
1«. 1899.
of
Gold.
Silver.
Total.
Gold.
Silver.
Total.
£
X
X
X
M
I
81,918050 31,900.858
31,900 853
92,704 521 44.386.781 137.091,302 75 552 859 46.693.989 188.846,788
25,102,000 12 931.000 38 033.000 24 038, (OO 12.394.000 36.468,000
31.918.OH0
Germany*....
tassia
Ins. Hung'yt
70.711.000
8.058.000
98.096 000
9.699.000
13.797.000 16.360 000
taly
Netherlands..
15.416 000
1,670.000
4.874.000
Nat. Be Ik m...
8.850.000
5.456,000
1,425.000
76 769,000 86 560.000 4.412.000
47.795.000 30 767 000 10.449.000
30 157.000 18.600 000 13.854.000
17.092,000 15.461.000 1.443000
10.329 000
8,441,000 6,784 000
4,275.000
2,940.000 1.470 000
89.978.000
4l.*06,000
87 454.000
16,907.000
9,286.000
4.410,000
fot-tbte week 296.468 571 9 '.990.781 893.45u,362 288,273.712 96,499.989 379.773.641
Tit. orev. w'k 29«.6»8.087 93,'17,517 898,8(15 60* 289 92S.295 96,351.788 379.2s0.08 8
The Austro- Hungarian Bank Statement is now issued in Kronen and HelInstead of Gulden and Kreutzer. The reduction of the former currency to
sterling £ was by considering the Gulden to have the value of 60 cents. As
the Krone has really no greater value than 20 cents, our cable correspondent In
Loudon, in order to redu e Kronen to £. has altered the basis of conversion by
dividing the amount of Kronen bv 24 Instead of 20.
* The division (between gold and silver) given In our table of ooln
t
ler
and bullion
In the
Bank
of
Germany and
the
Bank
of
Belgium
Is
made
have been offered, thus account- from the best estimate we are able to obtain; in neither case Is It
claimed to be accurate, as those banks make no distinction in their
ing for the firm tone for these drafts, while bankers weekly returns, merely reporting the total gold and sUver .but we
sixty day exchange has been affected by the London believe the division we make is a close approximation.
Note.— We reoelve the foregoing results weekly by oable, and while
short sterling to rediscount market. An inquiry
J for
*
°
_
not all of the date given at the head of the column, they are the
mit for stocks Sold for European account has tended returns Issued nearest to that date—that U the latest reported figures.
amounts of grain
bills
f
—
November
THE CHKONICLE.
17, 1900.]
SOUTHERN SPINNERS AND THE CONCERT
IN CHINA.
A passage
989
vantage that the Powers had expressed themselves as
favorable to it." After that, emphasizing his own
view, he added that if those two points were achieved
he did not know that the issue of the Chinese prob-
speech of Prime Minister Salis
bury, Friday night of last week, at the Lord Mayor's lem need concern Great Britain very anxiously. Now
banquet at the Guildhall, ia of considerable interest that the threatened danger to the Ministers was
to our cotton spinners if the suggestion he made passed she had only to watch and assist in the proturns out to be fully realized. The suggestion comes, cess by which China might return to a regular govtoo, at a moment when the subjeot to which it relates ernment favorable to prosperity and the encouragehas been given special prominence here by the publica- ment of commeroe.
tion of a petition by forty-five cotton mills in the
No doubt our Government will in every way do its
South to our Government to look after their interests best to further the objects mentioned. Such a settlein China, they fearing that the outcome of the war ment of that portion of the issue between the Powers
would be permanently to restrict the trade of the and China is an arrangement the United States could
United States with that country. The wish expressed well be a party to. Aside from the feature that trade
in the
would be thereby served, it is a conclusion
The rumors
as possible, be maintained, and their interests pre- which justice and good morals demand.
served ; Manchuria is especially named, because to of our intended withdrawal from the concert in
that portion of the Chinese Empire a large part of China must, if wholly true, tend to diminish our inthe cotton drills and shirtings manufactured in the fluence, even with reference to the matters discussed.
Southern States has hitherto been exported. Appre- But we do jiot believe they are correct at least in the
hension is felt lest Russia after the settlement with form in which they have been accepted. It is not
China is completed will, through the imposition of unlikely that our Government may refuse to unite in
heavy duties, shut out from that section the goods of the demand for the execution of officials to the extent
proposed and to the required amount of indemnity.
the petitioners.
It will be remembered that in our cotton crop re- Certainly it cannot be willing to let the past go withport of September 10 we referred at considerable out any reparation. It seems obvious that no life
length to the then embarrassed condition of the por- would be safe hereafter in China, no treaty would
tion of Southern cotton mills, as well as certain of have any force, no trade would be possible, if the
the mills in the North, that were producing those Powers should wholly omit to enforce punishment and
goods.
Of course that embarrassment was brought payment of indemnity for past offences and losses.
about, as therein stated, by the disturbed state of
DISSOLUTION OF NORTHERN PACIFIC
affairs in China, which had then culminated in the
VOTING TRUST.
crisis in Pekin, the closing of the ports of the Empire,
and the stoppage of the movement of all products to
The action last week of the board of directors of
that country. By reason of this embargo the particu- the Northern Pacific Railway Company in placing the
lar business in which the mills above referred to were common stock on a 4-per-cent dividend basis has
engaged was substantially ruined. It had been very been followed this week by the wholly unlooked for
active and prosperous and full of promise up to the announcement that the voting trust in the shares of
beginning of the Boxer agitation ; but it stopped sud the company is to be terminated. This is a voluntary
denly about the time when the Allies started to make step on the part of the trustees, for the trust would
arrangements for the relief movement to Pekin. not have expired by limitation until a year hence
Since then there has been no material change in the that is not until November 1 1901. The action is
conditions except that the mills which were forced to somewhat unique.
Men do not as a rule yield up
stop operations at that time have since started up power readily, for there is a certain fascination in the
again, and with few exceptions are said to be running exercise of it that makes the holder reluctant to dion full time, though the price they get for their prod vest himself of it; hence the fact that in this instance
uct has had to be cut down until in many cases the the voting trustees of their own volition part with
cost of manufacture is barely covered.
the control of this important railroad property speak*
Under these circumstances it becomes a question of volumes both as to the character of the men themdeep importance what kind of a settlement is to be selves and of the wonderful results which have been
made by the Allies between themselves and with accomplished under their wise care and judgment in
China when a final arrangement is reached. On this the short period of four years since the new company
point the words of Prime Minister Salisbury seem to was constituted.
be explicit and satisfactory. He says that the openThe reorganization of the Northern Pacific, as i»
door policy will be maintained. Indeed, he says more well known, was the work of J. P. Morgan & Co.
than that: he asserts that the " integrity of China Mr. Morgan's house has on more than one occasion in
and the open door" will be agreed to by all parties. the history of the road come to its rescue on critical
His method of making this statement is likewise of occasions, but never did it render more efficient or
such a character as to apparently leave no room for important services on behalf of an embarrassed condoubt in regard to his meaning. The Prime Minister, cern than when, in the thorough and drastic manner
by way of introducing the subject, remarked that for which the house is famed, it undertook to place
what he said with reference to China would be this large concern on its feet. In connection with
restricted because of
Great Britain's connection the announcement of the dissolution of the trust a
with the Allies.
But he could refer to the statement has been issued intended to indicate the
Anglo- German agreement, which represented the great change which has been effected in the condition
views of nearly all the Allies. That agreement, he of the property since the formation of the present
said, "laid down the important points of the integrity company.
The facts are all taken from the record
of China and the open door, and it was a great ad- and what a wonderful story they tell.
It is rather
in the petition
is
that the "open-door" policy, so far
interests
—
,
THE CHRONICLE.
990
[Vol. lxxi.
noteworthy that the voting trustees appear to be lit- company to the extent of $7,273,248, of whicn, as
tle concerned to give prominence to their own part in will be remembered, $3,000,000 was set aside in 1898
the work. It would be difficult to find a stronger as a special reserve, until the end of 1901, to insure
list of names than that comprising the voting trust, the continuity of dividends on the preferred stock.
August Exclusive of this special reserve of $3,000,000 for the
Belmont, Charles Lanier, Johnston Livingston and benefit of the preferred stock, and exclusive also of
Dr. Georg von Siemens; but they cite the facts set the Betterment and Enlargement and Insurance
out in the report simply to show that they are justi- funds, the current assets of the company on Septem-
it
consisting of J. P.
Morgan himself and
of
have taken in handing control of ber 30 1900 exceeded the current liabilities in the
the property back to the shareholders or (to use their sum of nearly $20,000,000— in exact figures, $19,540,own language) to furnish convincing proof "that the 482. Including the Betterment and Eulargement
purposes of our trusteeship have been fulfilled and Fund, the Preferred Stock Dividend and the Insurance funds, the aggregate of cash and available assets
that we are warranted in now dissolving the trust."
We have frequently indicated in these columns how on September 30 amounted to no less than $34,688,great has been the transformation in the operating and 018, of which $8,856,645 existed in the shape of money
The statement in bank. Furthermore, there are additional resources
fiscal results under the new regime.
before us serves to direct attention anew to the fact, for present and future requirements in $30,002,000 of
and moreover summarizes the work in a peculiarly bonds, which may be issued from year to year under
American railroad his- the provisions of the existing mortgages of the cominteresting and striking way.
tory records some marvelous achievements, but none pany.
Another important circumstance should not be
more marvelous than this none, too, more creditable.
As bearing upon the improvement in the overlooked. On September 1 1896 there had been
physical condition of the property and the increase outstanding of underlying mortgages $17,918,000.
in the capacity of plant and equipment, we may note All of these have since been retired and their mortthat between September 1 1896 and November 1 gages discharged of record. The result is that the
1900 1,042 miles of heavy steel rails were laid in prior lien 4 per cent bonds have become a first lien,
the track; 221 miles of new second track, spurs by direct mortgage or through the ownership of securiand sidings provided; 1,391 miles of embankment ties, upon 4,975 miles of road, together with extenwidened to 16 feet; 1,426 miles of roadway bal- sive terminal properties. The General Lien 3 per
lasted; 7£ million ties replaced and 1,700 miles of cents have, of course, likewise been advanced in order
As for the addition to equip- of lien. On account of the additions to the mileage
grades reduced.
ment, the report shows that the company on of the system, the total mortgage debt in the four
November 1 1900 had 27,052 locomotives and cars, years ha.s risen from $156,000,000 to $171,000,000.
as against only 19,509 on September 1 1896. This is an But it is important to note that the addition to inincrease of 38 '7 per cent as far as mere numbers are con- terest charges has been slight, the total of such
cerned. But account must be taken of the fact that the charges now being $6,497,655, compared with $6,217,new rolling stock is of the most approved modern type, 320 on September 1 1896. The explanation is found
and therefore of large capacity, making the increase in the fact that the interest rate averages but 3*79 per
in the hauling and carrying capacity very much cent, whereas in 1896 it was 3*98 per cent.
greater than would appear from these figures. The
Favorable business conditions have obviously aided
horse power of the road engines is now 393,345, as in the work of the rehabilitation of the property.
against only 242,475 at the earlier date, giving an in- But it is pertinent to ask how far these favorable
In like manner the ca- conditions, at least to the extent that they have been
crease of over 62 per cent.
pacity of the cars now in service is 629,269 tons, local to the territory tributary to the road, must be
while in 1896 it was only 368,914 tons.
In this attributed to the liberal and enlightened policy purthe
therefore,
addition
case,
has been over 70 per sued in disposing of the company's extensive land
During the four years no less than $14,638,029 grant.
cent.
We are led to refer to this feature because of
has been expended for additions and improvements to the appearance in the report of a statement showing
the road and equipment, out of the Betterment and that the total of unsold lands on September 30 1900
Enlargement Fund provided for the purpose, and on amounted to only 22,773,250 acres, as against 34,638,September 30 1900 the company still had available 873 acres on December 1 1896. The new policy has
in cash and bonds for similar expenditures $8,464,514. been to sell the lands at greatly reduced rates; and the
This, moreover, does not by any means cover all the large [disposals the company has been able to make
Very large amounts for show that the policy has been a success.
outlays for this purpose.
The incilike work were used from earnings from year to dental effect has been to reduce the company's taxes
year and charged directly to operating expenses. Be- on the land grant, to stop the interest on the land
sides all this $5,988,328 has been specifically appro- grant bonds, which the company was able to retiro
priated from net income during the past three years out of the proceeds of the sales, and, most important
for these purposes.
of all, to add in an important degree to the population
As was pointed out by us in reviewing the annual and tonnage tributary to the system.
report for the year ending June 30 a few weeks ago,
What has been accomplished in increasing the operthe financial condition of the company is one of ex ating efficiency of the road has often been referred to
Hence very brief reference to this feature will
ceptional strength. The corporation is amply pro- by us.
vided with funds for all requirements, both for the suffice on the present occasion. The company moved
present and the future. Aside from the $5,988,328 in 1900 2,205 million tons of freight one mile, as
appropriated from net income for new equipment and against only 1,316 million tons in 1896, and actually
additions and betterments to the property, surplus did the additional work with a smaller freight train
revenues (after providing for the dividends paid) have mileage, the miles run by the freight trains in 1900
accumulated in cash since the organization of the having been 6,720,173, against 6,805,354 in 1896.
fied in the step they
—
—
—
November
THE CHRONICLE.
17, 1900.]
The average rate
freight moved was
realized
per ton per mile on the of
only 987 thousandths of a cent in
the later year, as against 1,130 thousandths in the
earlier year.
And
yet,
owing to the increased load,
the trains earned $3 29 per mile in 1900, as against
$2 22 in 1896 an improvement of almost 50 per
—
cent.
The expansion
in revenues is
shown by the
fact that
gross earnings in the late fiscal year were $30,021,317,
while in the year ending
June 30 1896 the amount
But the most striking fact is that
improved methods and increased
was but $19,863,159.
as a result of the
efficiency in operations, the addition to
net earnings has
been almost as large as the addition to the gross. In
brief, net income for 1900 was $15,461,620, whereas
in the fiscal year of 1896 it had been less than onehalf that sum, or but $7,527,913.
The report points
out that the new company has already declared thirteen dividends upon the preferred stock and six dividends upon the common stock, and that even with
unusual ^charges and expenses for improvements to
the property the net income during the past three
991
with the result that (3) the companies in
question pay or will pay excessive dividends to their
More moderately stated, these asser
stockholders.
tions unquestionably contain a measure of truth so
far as the object of effecting many of the consolidations undertaken of late is concerned.
Several years
of lean business and immoderate competition with
their natural concomitant, low prices, so low as to
life,
make
gave incentive
to any movement that promised a relaxation of the
tension and better net income.
The essential question, however, is whether real danger exists of competition being prevented, of prices. being established
at an unreasonable level, and thus of undue profits
being wrung from the public ?
An answer to these queries, which if it is not abfair profits impossible, certainly
solutely conclusive
is
least highly suggestive, is
at
afforded by the history of the industrial companies
organized during the years 1888-1895.
These com-
number and small
in aggregate
panies were few in
compared with the similar incorporarecent months, and many of them also were
capitalization
tions of
years has averaged 5*16 per cent on both preferred
in nowise combinations, being merely private enter-
and common
prises putting
stocks.
The opinion is also expressed
that the "published statements of earnings and cash
resources give evidence that the continuance of regu
on corporate form for one or another of
but even so, they have been fruitful
of experience, having included in their number sevlar quarterly dividends now established at the rate of eral that even to-day rank among the greatest of in4 per cent per annum upon both common and pre- dustrial enterprises. Below we have tabulated their
ferred stocks may be reasonably expected under the dividend record or other facts indicative of their succompany's present management." Truly these are cess or want of success, omitting a few minor
marvelous exhibits and they have few parallels.
private concerns as to which the facts are wanting;
also the breweries consolidations effected by British
several reasons;
•
MISAPPREHENSIONS REGARDING
IND USTRIA L COMPANIES.
It is one of the unfortunate results of the electioneering methods at present in vogue in this country that
with considerable real education the people receive
also a bewildering
cal
exigencies,
seem to make
amount
or shall
of misinformation.
we
Politi-
say "political license,"
this effect inevitable.
The
recent cru-
sade against industrial companies is an instance of
the manner in which actual evils are lost sight of,
and evils imaginary, or largely so, are given undue
prominence at election times both in the press and
on the stump.
All thoughtful men recognize the harmful nature
of no trifling part of the industrial flotation the past
two years. Frequent and flagrant over-capitalization,
reckless purchases of plants good, bad and indifferent,
and more or less extravagant statements as to the
character and earnings of the properties concerned
these unquestionably merit strong condemnation.
The disturbances, too, created in many communities
through the discharge of wage-earners whose services
have been rendered unnecessary, and the closing of
unprofitable plants in consequence of the consolidation of companies, have caused undeniable hardship,
albeit probably less serious and permanent than some
would have it appear; but on the other hand, there
is evidence at hand which has scarcely been considered
capital (mostly disappointments to their promoters)
and the electric light, gas and transportation combines, which fall in a class by themselves and have no
bearing on the question in hand.
Our list embraces in all thirty-two companies
with an aggregate capitalization as at first issued or
since increased of about 700 millions an amount not
insignificant even in view of the more recent development on similar lines. At least half of these companies it is probably safe to say were expected more
or less confidently to dominate their respective trades.
Yet, as a matter of fact few of them have been able
alone to maintain at
occupied, and in a
so
all
fully the
number
position they
of instances profits
first
became
unsatisfactory that reorganization and a greater
consolidation with a view to reducing
still
further the
—
—old
and new have been recently ef.
fected and a fresh start made, the outcome of which
competition
Thus, the stockholders
of the Starch and the Linseed Oil and the Whiskey
company having undergone heavy losses, parted with
is
yet to be determined.
their holdings
a
for cash
or securities in order that
company might in each case be
The Biscuit and Michigan Car compan-
better equipped
established.
having received small returns on their investments were glad to dispose of their property, valuable
though it was; the Tack and the Cordage companies
were twice foreclosed, and to-day the holder of $1,000
preferred capital stock of the original Cordage conthat these consolidations are not likely to prove the solidation, having paid thereon two assessments aggredomineering and oppressive factors in our social and gating $320, making the total cash investment, sayindustrial organism that on theoretical grounds one $1,320, finds himself the possessor of stock and
might expect them to be.
bonds together worth only $115 to represent the entire
Three main objections have been urged against the outlay; the Wall Paper company not long since an-
large industrial companies, namely:
They
elimi-
nounced
its
decision to relinquish
its
unprofitable
make impossible competition and thereby business to the former owners of the constituent
open the way to extortionate prices for necessaries plants; the Grocery (Thurber-Whyland) company and
nate and
(2)
(1)
ies also
—
THE CHRONICLE,
992
the
Book company
[VOL. LXXI.
some struggling had both to prestige in the trade. We do not forget that the
and the Safe company and the period following the organization of these companies
after
undergo liquidation,
Wharf property are undergoing or awaiting reorganization. The Directory, the Electric and the Type found
they
ers' company belong to a different category
were hampered by over-capitalization, but haying
—
was a peculiarly trying one, that profits were on
almost every side greatly curtailed and that gross mis-
management
in several instances contributed to the
poor results; but it is also to be remembered that times
rectified this are now in the ranks of the dividend- which were bad for money- making were likewise for
payers; but neither of the two last mentioned is in that reason equally unfavorable for the establishment
of competing properties, a feature of the more recent
anysense a monopoly.
Theoretically no doubt the
Turning to the dividend list, which includes many industrial movement.
most widely-known " trusts," there are therein enormous aggregations of capital and of plants posonly six companies that have paid dividends regu- sess, or should possess, extraordinary advantages for
larly year in and year out on their entire capital profit- making, and if properly managed there is apstock, and of this number three (a hat, a soap and a parently no reason why a large measure of success
tobacco company) are or were little more than private should not be secured.
On the other hand there is a
of the
—prosperous
because well managed and certain marked capacity for economical operation
producing articles of recognized merit. The Match (offsetting much of the economies claimed for the
company has always paid large dividends, but one huge industrials) that belongs to the private comstrong competitor built up a large business, and pany, whose proprietors are its managers and as such
while this was bought out in 1899, several new com- are watchful of every expense, in close personal touch
panies have been formed of late to continue the op. with the demands of the local market, and untiring
corporations
and one of them claiming to control valuable in their effort to meet those demands. Here is the
patents, we are informed, will shortly begin manufac- shelter under which the small competitor, like the
turing. The leading tobacco company has distributed tender plant protected frcm the wind, will generally
position,
large dividends with
much
regularity, but its ascend-
be able to grow.
ency has been possible of late, as is well known, only
Finally, as bearing on the contortion that great
by the wholesale absorption into itself and allied com- consolidations do not necessarily impose upon the
panies of competing properties. To what extent this markets conditions of strength preventing competiabsorbing process with its inevitable swelling of out- tion, recall (1) that of the 83 distilleries that were
standing securities can be pursued with advantage to included in the original Whiskey company, only 16
its stocknolders is a question.
The Sugar company were deemed of sufficient earning capacity to be
was'thought to be particularly well intrenched against taken over by the successor company; (2) that the
diminution of its receipts by outsiders, but notwith- managers of the 35-million-dollar Wall- Paper combine,
standing the cost of sugar refineries, competitors (a list after long experience, came to the conclusion that it
of which we gave in our issue of July 7 1900, page 31) was advisable to sell back the constituent properties
have gradually secured a foothold, reducing the pro- to the first owners, who, they say, can determine and
portion of the refining business done by it from 90 to supply the wants of the several communities served
70 per cent, and maintaining a contest that caused as no centralized management could do; the circumthe company to decrease its dividend rate on its com- stances surrounding the wall-paper trade, it is ex-
mon
stock from 12 to 6, and later
per cent per plained, are peculiar, but one cannot avoid asking if
annum.
after all the same or similar conditions will not be
Of the companies that have been paying intermit- found to exist in other trades as well; (3) it is antently or with regularity only on their preferred nounced that the reorganizers of the United States
7,
Rubber company is one of the most important.
Within a few years after its organization that
company succeeded in absorbing practically all of the
outside concerns, but from time to time since others
have begun business at first in a small way, then on
a larger scale until, as shown in the Chronicle for
stock, the
—
Flour
Company hope
to
save a
considerable
sum
yearly by leasing the constituent properties to their
former owners, instead of trying to operate the plants
as one property; (4) that in the case of the
Malt com-
pany, another of the recent consolidations, the investigating committee appointed by the stockholders
July 7 1900, page 37, the separate companies are producing probably 30 per cent of the country's total
output of rubber shoes. The company's dividends on
its common stock have been small and paid at long
intervals. The great Leather company (which recently
purchased a troublesome competitor of a few years'
found that " economies in general administration,
manufacturing and distributing have not resulted
from bringing the various plants into one ownership"
some improvements, however, in these respects appear to have been effected recently, as is shown in
the report on a subsequent page of to-day's Chron-
Lead company, the Strawboard company, the Potteries company, the Soda- Water Fountain company have paid on the average really trifling
sums to their stockholders. The last-named company,
as also the Directory company, has just resumed dividends on a small scale after a long intermission.
Certainly few of the thirty- two companies have
icle.
destroying the power of others to compete; on the
contrary, competitors have kept appearing, and in
bring their capita ., their expense accounts and their
properties into condition to meet inevitable com-
standing), the
The
experience of the earlier industrial
companies^as here sumarized and such other circumfinancial
stances as
we have
just indicated, afford ground for
the belief that natural causes may be trusted to
regulate most of the industrials, and that there is no
suppress them, though there
paid excessive dividends, even if the actual cash may be for action eliminating some abuses in connecvalue of their plants is taken as the basis of compari- tion with their organization and management. There
son; and though quite a number of them have been is, however, loud call for conservatism and circummore or less prosperous, they have not become so by spection on the part of the companies themselves to
many
cases
call
for
have had to be bought out to preserve petition.
legislation
1
to
November
The
THE CHRONICLE.
17, 1900.]
tables
about which we have been writing
follow.
(FINANCES READJUSTED OR COMPANIES LIQUIDATED.
Company.
Stock (original).
•Am. Type Founders. 19,000,000
Atlas Tack CO
700,000
Brooklyn Wharf &
*
W. 12,500,000
&
Cattle F. .85,000,000
•General Electric Co.. 34,711.600
Distilling
Herring-Hall-Marvin. 3,300,(01
National Wall Paper. .27.931.6C0
National Linseed Oil.18.oro.000
National Cordage Co.. 25,000,000
Thurber-WhylandCo.
2,500,000
Trow Directory
U. S. Book Co
4,000,000
Remarks.
Bonds.
Stock dec'edta 1896 to $4,000,000.
$223,000 Foreclosed in 1897; again in 1900.
17,600,000 Receiver appointed Feb. 5, 1900.
Foreclosed In 1895; amalgamated in 1899.
*10,000,000 Stock reduced to;$20,827,200 in '98.
Sold in 1000 at judicial sale.
7,500,000 In voluntary liquidation in 1900.
5.764, 0CO
Reorganized and consol'd in 1899.
Reorganized 1893; again 1896.
1,000,000
Reorg'nized in '94; liqulda'din'98.
Stock reduced in 1897 to $850,000.
Receiver in 1895; again in 1897.
1,600,000
Co.... 1.5C0.0CO
Now
paying dividends on the reduced capital; the General Electric Co. has
reduced lis outstanding bonds by purchase to $5,2U8,000 and the Type Co.
has Issued $l,0t0,< 00 debentures.
*
DIVIDENDS PAID REGULARLY SINCE
Company.
American Cotton
Stock
outstanding.
$20,237,100
bt0,iy8,600
^Dividen*
s
'94.
'95.
decline between those dates
'96. '97. '98. '99.
:
Oct. 4.
Per
Pig Iron—
No. 3 Foundry at Middlesborough
Hematite warrants
Manufactured iron and steel—
Steel rells at Middlesborough
"
"
at Barrow
Steel angles at
"
"
at
The
ton.
s. d.
Nov.
Per
s.
1.
ton.
d.
68 9
66-0
770
77-6
142-6
Fall.
Per
s.
Ion.
d.
2-9
0-601 e
Middlesborough
170-0
1350
1250
1576
Glasgow
1600
152-6
160-0
160-0
185-0
1500
1500
10-0
170-0
15*0
Steel ship plates at Middlesborough
<•
"
•<
at Glasgow
paid in calendar t/ear.s
0000034
66666666
77777777
88888888
'fc3.
doubt, hold your hand." The following comparison
of prices per ton of 2,240 pounds of a few representative descriptions of rav and manufactured iron and
steel on October 4th and November 1st shows the
Boiler plates at
1892.
993
Glasgow
1450
7*6
20-0
12-6
76"
10-C-
exceptional and slight rise in hematite pig iron
1900.
due to the fact that a considerable fall in this description had previously occurred, followed by a
American Sugar Refining
36,9fi8,000
21^12 12 12 13 12 12
1%
Preferred
86.968.OC0
trifling reaction.
Apart from this solitary instance,
American Tobacco Co
54,500,000
12
12
12
6
9
8
6
s>7
however, the trend of prices has in all directions been
Preferred
14,00,000
Diamond Match Co
14,750,000
20 10 21
10
10
10 10 10
downward, and in the case of pig iron the decline has
P. Lorlllard
8,000,000
6 13
8
3
8
5
Sold
Preferred
come about in spite of the fact that a good many
2,000,000
8
8
8
8
8
8
8
out
National Lead Co
14,905,400
furnaces have been put out of blast since the close of
Preferred
14,904,000
Procter & Gamble
2,250.000
12
12
12
12
12 20 20 16
Partly this reduction of producing capacity
last year.
Preferred
b2,25O,000
John B. Stetson Co
was caused by the scarcity and dearness of ore and
1,500,000
6
6
4
4
5
5
8
Preferred
1,600,000
coke, and partly by the necessity of re-lining and reUnited States Rubber Co
23,666,000
2*4
Preferred
28,625,500
pairing furnaces which had been kept continuously in
Union Type Writer
10,000,000
blast for quite as long as they could be profitably
1st preferred
4,000,000
3J^
2d preferred
4,015,000
16
worked. The result is shown in the returns of the
Worthington (pump)
5,500.000
?
?
1 Sold out.
%%
Preferred
production of pig iron in the United Kingdom during
2,000,000
8^
8 Also 110* in stock.
There are also bonds. + In 18J7 paid on preferred in the first half of 1900, published a few days ago.
Jan., i%; July,
These show that only 4,540,403 tons (of 2,240 lbs.)
DIVIDENDS PAID IRREGUIARLY SINCE 1892.
Stock
^Dividends paid in calendar ytar.—^ were made, against 4,782,868 tons in the first half of
Company.
outstanding. '93. '94. '96. '96. '97. '98. '99. 19001899.
No wonder that, in face of a large demand,
American Soda Fountain
$1,850,000
10 10 10
7fc
1st preferred
1,250,000
both for export and for home consumption, the stocks
2d preferred
1,250,000
of pig iron in this country are everywhere very light.
American StrawboardCo
b6,000,000
American Type Founders Co. b4,000,000 c4
S sill, prices have been going down, and are even now
Barney 4 Smith Car
1,000,000
Oil
Co
Preferred
3J6
is
28100111*
77777777
88888888
88888888
00
02022
8888+6
888
00000000
7777777
0066888
7777777
.
2)5.
Preferred
General Electric Co
Preferred
Michigan Pen. Car
Preferred
National Starch Mfg
b2,5 r 0,000
al8,276,000
b
6!^
2,551,200
7
2,000,000
bi.000,000
8
6
29
1
4
0?
7$
1
37
1st preferred
out.
0,g
400
4
1,846,800
6
2,21!J
b9,000,000
1,750,000
Preferred
1.250,000
Trow
Directory Co
United States Leather Co
Pre ferred
850,000
62.869,800
b62,269,800
Capital stock as reduced,
7
Soli
4,450,700
2d preferred.....
New York Biscuit Co
Trenton Potteries
a
66660008
88880000
40000102
0000144
50000000
88200026
6000003
10
4
4
0°out
2
]d
o'
Sold out.
00614
b There wera also bonds,
c
On
iU
56
old preferred.
TEE BRITISE AND CONTINENTAL IRON
AND COAL MARKETS*
Manchester, November
Within the
has
last fortnight a decidedly
the cessation of demand for the raw material for
the Continent, particularly for Germany. The influx
is
-
5000000
84000006
00000002
000 0000
3
not always quite firm.
What has brought about the decline, not only in
pig iron, but also in the many descriptions of manufactured iron and steel ? The causes are various. One
7.
adverse change
American pig iron has been too slight to make any
decided impression upon prices, for, as already shown
in this correspondence, the imports of it from the
United States this year have so far been actually less
of
than they were in the corresponding portion of 1899.
Latterly, however, purchases of steel ship plates and
other kinds of manufactured material in the United
States have been sufficiently large to create a visible
flutter in the markets.
Last week the first consign-
ment
of
American
steel ship plates arrived at Glas-
come over the iron and
steel markets of Western gow, aid although it is known that high Atlantic
Europe. The change is much more pronounced in freights are working against the fulfilment even of
Great Britain and in Belgium than in France or in contracts already entered into for American manu-
Germany; but in all these countries the demand for factured steel, not to speak of further similar transacand steel in nearly every form is much tions, there can be no doubt that anticipations of imslacker than it was three months ago, and prices of ports from your side
have had much to do with the
several descriptions have fallen considerably daring falling off
of business and the weakening of prices
the last two or three weeks. This downward move- during the last
month. So far as one can gauge infinished iron
ment has
of course greatly accentuated the pre.
viously growing caution of buyers, and now the prevailing disposition is to hold off from all but absolutely
telligent expert opinion, however, the prevailing view
in the British markets appears to be that the present
inactivity will disappear as soon as prices have settled
necessary operations. How much longer will the down to a level which buyers can regard as safe. And
decline go on, and at what point will it be arrested ? the more
encouraging view is strengthened by the
Such are the questions which buyers are asking them- latest telegrams from New York, which report more
selves, and since no assured answer is possible, most cheerful
and active markets, at all events for manupeople are inclined to act upon the maxim, "when in factured iron
and steel, and prospects of an import-
* Communicated by
our Special Correspondent at Manchester.
ant revival of
demand
for next year.
The
force of
THE CHROJNJCLE.
994
by the news
received to-day, that yesterday's election gives a majority in the Electoral College in favor of Mr. McKinley as President of the United States for a second
term. Indeed, yesterday, in the iron markets in
Manchester and other centres, the certainty of his reelection was generally regarded as an assurance of
continued revival in the American iron trade, and as
forecasting an early return of confidence and activity
in the markets on this side the ocean.
An important factor in the problem is the price of
fuel and iron ore.
So far very little giving way is
perceptible in the case of coal, but coke, the main
consideration in the manufacture of iron and steel,
has fallen greatly. At Middlesborough, for example,
medium qualities for blast furnaces, which three
months ago were worth 29s. per ton of 2,240 pounds,
were sold yesterday at 22s. Iron ore, too, though
still dear, is easier.
The native product in the various districts has not fallen much, but imported
Spanish hematite, which a few weeks since was sold
at 21s. 9d. per ton, is now offered at Middlesborough
at 20s., with little demand. The decline in this instance is mainly the consequence of a fall in freight
from Bilbao, steamers engaged in the Baltic trade
during the summer being now compelled in consequence of the approaching close of navigation by ice
this intelligence is greatly accentuated
employment in other directions. On the
whole the downward tendency in the prices of the
to seek
chief constituent materials of the British iron industry is unquestionable, and it may go on for some time
Much
longer.
of the iron
and
will
depend, however, upon the state
coal markets of the Continent.
ern and Central Europe have for
West-
many months made
demands upon British resources for coal, coke
and pig iron. But these have now greatly abated,
and in some cases German buyers have lately been
re-selling here pig iron which they had previously
large
bought, rather than have it shipped. From this point
of view the state of the iron and coal markets of the
Continent is at present a particularly important
question.
The
latest advices
from Germany
state that there
current
[Vol. LXXI.
demand
better sustained for coal, pig iron
is
and manufactures of
all
kinds.
Upon a broad view of the position and prospects of
these industries in Europe one is impelled to conclude that the present depression,
if
such
it
may be
not likely to be lasting. New enterprises of
many kinds at home and abroad requiring for their
carrying-out enormous quantities of iron and steel
called,
is
and there are no serious financial
or monetary difficulties in the way.
Given international peace, and prosperity in the United States,
are yet in progress,
the prospects of a resumption of activity in the iron
and steel industries in Europe appear to be dependent only upon the settlement of prices to a level
which will command the confidence of buyers. No
one dreams, however, of a descent to the level of two
or three years ago, simply because of the impossibility
of
securing
requisites
a
supply of the
at the old prices.
sufficient
—iron and ore —
primary
ITEMS ABOUT BANKS. BANKERS AND TRUST CO'S
—The sales of bank stocks this week aggregate 1,073 shares,
which 724 shares were sold
shares at auction. The sales
of
Exchange and 349
company stocks reach
at the Stock
of trust
These transactions
3, 1900, were almost all made at prices considerably higher than those paid
at recent sales.
The greatest advances in value were: National City Bank, 43% points; Hanover National Bank, 30
points; Guaranty Trust Co., 25 points, and National Park
Bank, 21 points.
Shares.
Banks—New York.
Last Previous Salt.
Price.
4 American Exch., Nat. Bank... 197%
Oct. 19 0— 192*8
12 America, Bank of
471
Sept. 1900— 455
*40 Chatham National Bank
305-311*9
July 1900— 296
3 Chemical National Bank
May 1900—4,001
4,000
10 City Bank, National.
380
Oct. 1900— 3381*
*320 Commerce, National Bank of.. 261-267*8
Nov. 1900— 261*3
*37 Corn Exchange Bank
36a
Oct. 1900— 345
*55 Hanover National Bank.
41*5-430
...
Oct. 1900— 400
20 Importers' & Traders' Nat. B'k. 516*8
Nov. 19no- 512*g
50 Leather M'frs' National Bank. 230
Mar. 1900— 215
*23 Manhattan Co., Bank of the... 260
Apr. 1900— 275*9
*39 Market & Fulton Nat. Bank... 240
Oct. 1900— 230
175*9
43 Merchants' National Bank
Oct. 1900— 171
5 Park Bank, National
430*2
Oct. 1900— 409*9
*350 Phenix National Bank
100-101
Oct. 190C— 100
9 Produce Exch. Bank, N. Y
125%
Nov. 1900— 126%
23 Republic, Nat. Bank of the
229
Oct. 19c0— 227*9
10 State of New York, Bank of the 135
Oct. 19C0— 140
Trust Companies—Brooklyn.
10 Guaranty Trust Co
650
Apr. 1900— 625
a total of 252 shares,
all sold at auction.
—the largest weekly total
since February
.„
42 N. Y. Life Insurance & Tr. Co. 1,300
100 North American Trust Co
207
100 Produce Exchange Trust Co... 1355s
Aug. 1^00-1,401
Aug. 190 J— 201
Oct, 1900— 130
undoubtedly an over- supply of pig iron. The blast
* Sales at the Stock Exchange.
furnaces are, it is true, fully at work; not, however,
—The great increase in business on the New York Stock
for meeting current requirements, but in execution of
Exchange and the confidence in a bright outlook for a prosforward orders previously taken. Consumers of raw perous season has raised the price of seats
on the Exchange
iron appear, indeed, to have over-estimated their to an unprecedented figure. Up to this month the highest
needs. The makers of girders and beams, of which price ever paid for a membership was $42,000, in May, 1900,
there has long been an enormous consumption in but this record was eclipsed early the present week by the
Germany for buildings and public works, find the de- sale of a seat for $45,000. On Wednesday a purchaser paid
$46,500 for the seat formerly owned by the late Charles C.
mand for them so slack that they are seeking to can- Goffe, and on Thursday the record was raised still higher by
cel, with compensation, their contracts for raw iron. a sale at $47,000. The new owners of these seats are Albert
In Belgium the position of iron and steel manufactur- J. E ias, Nathan M. Miller and Arthur M. Hess, the last
ers is still worse.
They have little demand for their mentioned paying the highest price.
products and are searching in every likely direction
—It is reported by cable that a '$15,000,000 loan of the
for new outlets.
One consequence in these develop- City of Copenhagen, Denmark, is beirjg negotiated by a
ments is that German and Belgian structural iron and syndicate of Danish and Swedish bankers with American
banking houses. Representatives of such houses who are in
steel, and even German steel ship plates and other
a position to be well informed regarding foreign loans say
manufactures, are being offered, notwithstanding the
that they have no knowledge of such negotiations.
maintenance of the syndicate prices for the home
— The rumor of the intended retirement from the Cabinet
markets in England and Scotland, at considerably less
of Secretary Gage seems to have been unfounded. At a
than the quotations of similar British manufacturers.
meeting of the Cabinet on Tuesday the President expressed
This Continental "invasion" of the British mar- a desire that all the members should remain in his official
kets has, in the departments affected by it, had, to family during the four years of his incoming administraAll the members responded, and while no definite
say the least, quite as much effect as the imports of tion.
respective
American iron and steel. In France, also, prices are pledges were made that they would accept their
It is underportfolios, there was no positive declination.
falling, but they are still relatively much higher than
stood, however, that Attorney-General Griggs will retire on
in England; higher even than in Germany; and the March 4.
is
November
THE CHRONICLE
17, 1900.]
—
One notable event of the week was the presentation to
Frederick D. Tappen, President of the Gallatin National
Bank, of a testimonial from the directors and the employes
of that institution. The gift was in the form of a gold cup,
suitably inscribed, and an artistically illuminated album
bearine: the autographs of the officers, directors and clerks of
the bank, and it was given in recognition of the fiftieth anniversary of Mr. Tappen's connection with the institution.
The cup, which is of solid gold, bore the following inscription:
Presented to
Frederick D. Tappen,
President of the Gallatin National Bank
of the City of New York,
In appreciation of his ability and faithfulness
Nov.
in every position in itn service
for Fifty Years.
12, 1850.
Nov. 12, 1900.
The album was prepared at the establishment of Tiffany &
Co. It was elegantly mounted and embossed and contained a
record of Mr. Tappen's half century of service, with the following address:
To F. D. Tappen, President Gallatin National Bank:
" In presenting this record of fifty years, we extend to you
our hearty congratulations upon a service no less noteworthy
in its character than in its duration extending over a period
of half a century.
"The quick perception, sound judgment and undaunted
courage displayed by you in times of extreme financial peril
have been of inestimable value to the institution with which
you have been so long connected, and have called you to
wider fields of influence in which you have won a reputation
second to none.
" We appreciate the privilege of being associated with you
in our various capacities, and in affixing our signatures
hereto express the earnest wish that the years to come may
bring to you blessings in the same liberal measure as your
generous, uneelBsh life has brought to others. November 12,
—
1900."
In addition to the above there was a record of the various
positions which Mr. Tappen has held in the bank, from that
of specie clerk, November 12, 1850, to President July 1, 1868,
including the positions of individual bookkeeper, May 6,1851;
general bookkeeper, April 15, 1853; receiving teller, June 23,
1854; paying teller, December 5, 1854; Assistant Cashier,
October 20, 1857, and Cashier, October 21, 1857. His promotions it will be observed were rapid, indicating marked efficiency and prompt recognition of his ability.
His advancement to the responsible position of Cashier within one day
of his appointment to the Assistant Cashiership occurred
during the height of the panic of 1857,which it'may be noted
was directly caused by the failure of the Ohio Life Insurance
& Trust Company in the previous August,
Not only has Mr. Tappen efficiently served his bank during the half century, but he has been of invaluable service
banking institutions and the financial interests of this
city through his active connection with the New York Clearing-House Association, and especially during the various
crises from 1873 to and including 1893.
Indeed, Mr. Tap
pen may be said to have taken a leading part in inaugurating the measures which were adopted by the Clearing-House
banks during these crises for the amelioration of the effects
of the panics through the issue of Clearing-House loan certificates.
Since 1869 he has been for fourteen terms a member, and for five terms Chairman, of the Clearing House
Committee, and for four terms President of the ClearingHouse Association. It will be remembered that in November 1893 after the panic of that year Mr. Tappen was presented by the Clearing-House Association with a silver tankard which had, in 1696, been presented by the directors of the
Bank of England to its Governor, Sir John Houbson, Lord
Mayor of London, "in token of his great ability, industry
and strict uprightness at a time of extreme difficulty,"which
inscription was appropriately repeated on the tankard on its
presentation to Mr. Tappen. That testimonial marked the
esteem in which the recipient was held by his associates in
the Clearing-House. The testimonial which Mr. Tappen received on Monday will be as highly prized by him, as a gift
from his associates and subordinates in the institution with
which he has been identified during his entire banking
to the
career.
—Messrs. C. I. Hudson & Co. of this city are receiving advance subscriptions at 99^ to a new 4-per-cent public works
V95
gold loan of the city of Cologne, Germany. The amount
of this issue is 21,000,000 marks, making the total debt of the
Interest is payable April and Octocity 64,328,542 marks.
ber, and the bonds are subject to call after December 31,
1905, one and a-half per cent to be drawn each year through
a sinking fund until the loan is extinguished.
—On
Monday James H. Hyde,
First Vice-President of the
Equitable Life Assurance Society, Dr. J. H. Parker and
William Haigh were elected directors of the Washington
Bank. This is a State institution, located at the corner of
One Hundred and Forty-eighth Street and Third Avenue,
having a capital of $100,003 and a paid-in surplus of $25,000,
and it began business, as was noted in this column, on August
1 this year.
The President is Frederick L. Eldridge, First
Vice-President of the Knickerbocker Trust Co. the VicePresident is Valentine P. Snyder, President of the Western
The
National Bank, and the Cashier is John Bambey.
Directors, in addition to those above named, are Henry M.
Alexander, Charles T. Barney, President Knickerbocker
Trust Co.; John J. Barry, Frederick L. Eldridge, A. Foster
Higgins, Valentine P. Snyder, Oakleigh Thorne and William
H. Zeltner. The bank clears through the Western National.
;
—The
enormous business on the New York Stock Exchange on Monday, amounting to 1,668,250 shares, the
highest ever recorded, and to $5,335,000 of bonds, par value,
was reflected in the exchanges at the Clearing House on the
following day, when the total exchanges were $338,333,507,
as against $352,882,567, the greatest on record, on April 11,
1899.
—The
New York
York City banks,
convened at the Clearing House on Tuesday and elected the
following officers: A. C. Barnes, Chairman; E. S. Schenck,
Secretary, and W. H. Perkins, Stephen Baker, Gates W.
McGarrah, A. H. Wiggin and C. H. Fancher Executive
annual meeting of Group
viii.
State Bankers' Association, embracing
of the
New
Committee.
—
The vacancies in the board of trustees of the New York
Life Insurance Co. caused by the death of Edward N.
Gibbs and William L. Strong will be filled by the election
James Stillman and Alexander E. Orr.
The Euclid Avenue Trust & Savings Company on Monday of this week moved into their new and handsome offices
at 84 and 86 Euclid Avenue, Cleveland. The officers of the
company are: President, H. C. Brainerd; Vice-Presidents,
Rollin C. White andR. A. Harman; Treasurer, C. H. Stewart,
and Assistant Treasurer, A. G. Tame.
The Missouri Trust Company, formerly of Sedalia, Mo.,
but which has been re-incorporated as a St. Louis institution,
with a capital of $500,000 and a surplus of $125,000, has the
present month been opened for business. Mr. O. A. Crandall,
who was President of the old company, is also the President
of
—
—
new
Mr. G. L. Faulhaber continues as
Treasurer. Mr. John C. Wilkinson is First Vice-President
and Secretary, Henry W. Han is Second Vice-President and
J. A. Webb Counsel and Trust Officer.
of the
concern.
—The
stockholders of the Metropolitan National Bank
Cleveland, to which allusion was made in these
columns in our issue of Oct. 20, have elected directors of the institution. The Directors have in turn elected
Mr. J. J. Phillips President of the Bank, and Mr. Frank S.
Bander Cashier. The stock is $500,000, and it is expected
that the bank will be opened for business about the first of
of
December.
—The annual
meeting of the stockholders of the Colonial
Trust Company of Philadelphia was held this week. The
new Board of Directors unanimously re-elected John O.
Gilmore President. Mr. William K. Haupt was elected
Vice-President.
The
capital of the
company
is
$250,000.
[From our own correspondent.]
London, Saturday, Nomveber 3, 1900.
During the week there has been a fair amount of business
in the American department, and the belief is very general
that after the elections, if, as everybody here assumes to be
almost certain, President McKinley wins, there will be a further considerable rise, and after the turn of the year bu?inass
will greatly brighten. In every department stagnation continues and is likely to continue for the remainder of the
year. In the first place all the continental bourses are greatly
—
'
THE CHRONICLE
^93
depressed. They are selling whatever they can dispose
and presumably will do eo for some time.
of,
Amongst the well-informed the belief is general now that
the liquidation in Germany has gone so far that all serious
danger is ended. There have been many failures on a small
soale and others may follow; but no large failure is anticipated. At the same time the fall in prices has been very
great, the losses of operators have been on an immens9
scale, and there is a very great lock-up of capital.
Still,
serious danger is over, aud gradually we may look for
improvement.
For some weeks past there has been some apprehension
respecting events in Belgium and in Germany. Many of the
newly-started banks have lost a large part of their capital,
and the creation of industrial companies has been on too
great a scale. Therefore the best informed have feared a
considerable break. Fortunately the Paris Bourse has bought
immense quantities of stocks of all kinds offered from Belgium, and the belief is now gaioing ground that these purchases have so far relieved the situation that serious danger
will be averted. Still, the position in Belgium is undoubtedly
critical, and will remain so for some time yet.
In France there has been very little speculation, although
electrical companies of all kinds have been started on too
great a scale and motor companies in particular have absorbed too much money; but the Paris market is well provided with funds, the savings of the country are on an enormous scale, and classes which have kept aloof from the
electrical mania are now buyiug quite extensively.
No serious difficulty is apprehended in Paris. In Sweden the difficulties are great also; but the nece3sary accommodation
will be obtained in Paris and London, in Russia, though
the crisis continues, the most acute stage is past. In AustriaHungary there is a very great depression, and in the Balkan
countries there is also an unsatisfactory state of things.
In face of all this it is natural that there should be here at
home much caution practiced, and that few should care to
engage in new enterprise. Besides, the situation in China is
so uncertain that no broadening of business is to be looked
for; and unfortunately the military operations in South Africa
do not promise to be brought very soon to an end. Indeed,
for some little time past the Boers have become more active
and aggressive.
In the meantime, however, it is satisfactory to be able to
state that trade generally in this country is perfectly sound
and very prosperous, with the exception of the wool trade.
At the end of last year there was an extravagant rise in the
price of wool; but operators were chiefly Continental. Since
the present year began, the pri:e of wool has been steadily
going down, until now practically it has reached the lowest
The losses amongst the Continental operators are on an enormous scale, and it is feared that further
failures are inevitable. With that exception, however, trade
is good, and it looks now as if we may expect soon
a moderate decline in the price of coal. The great dearness of coal
level of 1895-6.
[Vol. LXXI.
tions exceeded 800 lacs. The whole amount offered for tender
was alloted at about Is. 3 15-16d. per rupee. Subsequently
the Council sold a small amount by special contract at Is.
3 31-32d. per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c,
1900.
Oct. 31
Jlrculatlon
Public deposits
Other deposits
Sovernment securities
Other securities
aeserve of notes and coin
Ooin & bullion, both departm'ts
Prop.reserve to liabilities.. d.c.
Bank rate
percent.
Oonsols, 29i per cent
Silver
Messrs. Pixley
Nov.
1
&
1898.
Nuv.
1897.
Nov.
i
i.
£
£
£
29.882,630
7,355,118
40.500,441
19.691,03*
25.669.4B8
20,337,266
32,421.886
23.613,880
7,8^0,639
41,136.0*4
16,185.990
80,068.923
21.597,720
83,411,610
4i 15-16
27,572,6-5
27,679.060
6,7i5,626
37,112.079
12,e91,4l6
28 340,646
UU
4
W}£
29 13-ldd.
193,160,000
Olearinsr-House returns
1899.
Nov. 1
£
6,948,
VO
86,%6,867
10,65,1,610
6*3
28.455 171
21.039.86 i
31.872.547
49 1-16
103 15-16
1089<
28 3-161.
170,14L.OOO
26p|l.
192,908.000
20,U5,141
31.494,501
*7
112 3-16
2e«d
176,378,000
Abell write as follows under date of
:
Gold—The demand for bar gold in the open market has not been
quite eo active, but has sufficed to absorb all arrivals, chiefly on Paris
account. In addition to the ordinary supply, £500,000 consigned to
the Bank of England on account of the Iadian Currency Department
has been received here and taken for export. The withdrawals from
the Bank amount to £245,000, of whioh £115,000 is in sovereigns for
Egypt. Arrivals: Australia, £S2,000; Chili. £1,000; Vera Cruz,
£22,000; India, £500,000 Total, £605,000. Shipments nil.
Sliver— The market gradually receded on the withdrawal of the
Indian Government support until as low as 29iixfd. was reached. At
this price there was a good inquiry for forward delivery, and we hwe
subsequently rallied to 29 7sa., with India slightly under our rates.
The market closes steady. The last Indian price is Rs. 76^ per 100
tolahs.
Arrivals: New York, £239,000; Chili, £10,000; Australia,
£18,000. Total, £267.000. Shipments: Bombay, £135,500; Shanghai,
£40.000. Total, £173, r<00.
Mexican Dollars— These coin are still following the course of silver
at 58l. difference In prioe. Shipments: China and the Straits, £67,500.
ISngllsh Financial Markets— Per Cable.
The daily closing quotations for securities, etc., at London
*re reDorted by cable as follows for the week ending Nov. 16.
London.
Silver,
Sat.
per ounce
d.
Consols. new, 2 % p. ots.
,
For account
Fr'oh rentes(in Paris) fr.
Spanish 4s
Anaconda Mining
Atoh. Top. & Santa Fe..
Preferred
Baltimore & Ohio
Preferred
Canadian Pacific
Chesapeake & Ohio
Chic. Mil.
Den.
Do
&
& Rio
Paul...
St.
Gr., com....
do Preferred.
2958
986s
Tuet.
Wed.
Thurs.
29U ie 29Uie 29'in
299, 8
I
29Hi6
987 16
98ia
983s
983s
98i3, 6 98&8
988 J6
9868
98 78
988a
100-50 100-50 00-47 h 100-60 100-55 100 £0
68ia
67?8
68»8
68%
6858
6838
76
9»8
9%
95a
9&e
98b
g
38i4
36i4
37is
3638
36%
36 s8
8OI4
79ia
8138
80
79%
795s
8278
8278
81ia
83ia
8414
82%
87ia
87
87%
86%
86%
86%
91ia
901*
91
90%
91%
910a
35
35
34%
31
33
335a
I26I4
126
12513
126
127
1253a
22 14
22ia
22ia
23
22
22%
76ia
75^8
76ie
76 »8
7514
75%
common
13is
38 8
1st preferred
2118
2d preferred
12514
Illinois Central
Louisville & Nashville.. 81^
11%
Bio. Kan. & Tex., com..
36
Preferred
N. Y. Cent*l& Hudson.. UII4
N. Y. Ontario & West'n 25
4218
Norfolk & Western
Erie,
Mon.
98<5s
|
14
13%
13%
13%
3938
38'8
38 78
21*8
125ia
81ia
89
21
126%
125%
8II4
8i5a
12
12
12%
22
125%
82i«
11 78
3dia
21»8
13%
39%
2m
126
82%
12%
36ia
37
38
35%
undoubtedly has been a disturbing element and a fall would
I42ia
142% 142ia 142
142
give great relief to all our industries.
263g
25ifl
25
25 ?8
26?e
There has been during the week a recovery in the rates,
42ie
44
423s
433a
423s
81I2
83ia
82%
both of interest and discount. Last week short loans were
82%
82%
do
Do
pref.
82>a
6638
64%
6638
64% x64ia
done at such very low rates that seriou3 apprehension began Northern Paoiflo, com.. 64ifl
7913
79ifl
82
79
Preferred
79
82H
»s
»a
to arise that gold would bs taken away in convenient Pennsylvania
73%
74
73%
73%
738s
72%
amounts. The Bank of England will begin to borrow, and 'Phila. ARead
10%
10%
10
10
10%
9 78
32
32%
32
32%
32%
the other banks say that it would be unwise to continue at •Phila. & Read, ,1st pref. 31'e
1568
16%
1558
16%
16
155a
the old rates. There has been a recovery, therefore, both in •Phila. & Read., 2d pref. 4138
42%
425y
43
423a
42%
Southern Paciflo
interest and discount; but there is still much apprehension
14ia
1438
14%
14%
14 4,
gouth'n Railway, com.. 143g
62%
62ia
63
62%
The Paris exchange upon London has fallen almost to the
62
62
Preferred
69i8
69
68%
693a
70%
69%
point at which it would pay to take gold, and the belief Onion Paciflo
81ia
81%
81
81%
82%
Preferred
81%
is very general in Paris that it will go lower.
22ie
21&8
2lia
21
If so, a con21%
Wabash, preferred
37i«
siderable amount of gold is likely to be shipped to Paris,
37ifl
38%
3713
37ifl
37%
Deb. "B"
and
unless the Bank of England is able to maintain control
* Price per share
of
the outside market and to raise rates here so much
that it
will be profitable for the great French bankers to
employ
awd|$*scjettattje0tts|Jettrs
their money here rather than in Paris, the Bank of
England's
reserve may be seriously reduced.
Imports and Exports for the Week. The following are
There is not as much fear as there was of large amounts of
imports at New York for the week ending for dry goods
the
gold goiDg to New York. The demand for gold in the open
Nov.
8 and for the week ending for general merchandise
market has fallen off and it is thought probable that few
Nov. 9 also totals since beginning first week January.
other countries are able to take the metal. Regarding
the
FOREIGN IMPORTS.
action of the Russian Government there is great uncertainty.
When it failed to obtain loans in Paris and New York the
1899.
1898.
1897.
For week.
1900.
impression was very general in Western Europe that the
Russian Government would have to send considerable Dry Goods
81.384,563
81.581,005
81,759.678
81,513,001
amounts of gold both to Paris and London; but so far it has Gen'l mer'dlae
8,210,943
9,748,892
9,548,370
7,048,699
not done so. At the same time, the Russian Treasury
keeps
811,129.375
89,970.621
$8,561,700 811,133,455
all its movements so secret that it is impossible to
say what
Since Jan. 1.
may happen, and the best opinion still is that Russia will Dry Goods
8100,333.049 889,370.293 880,170,768 $108,793,767
Gen'l mer'dlse 361,663,458 356,385,068 289,083,082 318,699,082
have to send to Paris considerable amounts.
The steady fall in the Paris exchange upon London is ex- Total 45 weeks *462.002,507 ¥415.755,366 8369,253,850 $427,492,840
citing a good deal of surprise. The discount rate in Paris
at
The following is a statement of the exports (exclusive of
present is about 3 per cent; in London it is about 3-V er
p
specie) from the port of New York to foreign ports for the
cent; and therefore it would seem to be more profitable
to
employ money here than to take it to Paris. The answer week ending Nov. 12, and from January 1 to date.
generally given by those best acquainted with the Paris
EXPORTS FROM NEW YORK FOR THE WEEK.
market is tbat the great Paris banks already hold such large
amounts of British bills that they do not care to invest more
1897.
1900.
1899.
1898.
2m
Wommzxtinl
—
;
monev in such bills. No doubt their actLn will
ihe Bank of England acts promptly and raises the
sufficiently to make it very profitable to employ funds
of their
change
rate
here.
if
The India Council continues to sell
It offered for tender on Wednesday 30
its
drafts successfully
and the applica-
lacs,
For the week..
Prev. reported
I
*9,060,146
493,615,216
88,677,993
888,843,220
$9,238,064
406,175,169
$7,477,068
319,602,347
Total45 week8l$507.675.362l8397,521,213' §415,413.233 >357.079,415
The following table shows the exports and imports of
specie at the port of New York for the week ending Nov. 10
..
.
November
and since January
in 1899 and 1898.
1, 1900,
and
for the corresponding periods
BANKS.
Capi-
(00s omitted.)
tal.
Weet Indies
South America
,
,
All other countries.
Total 1900
Total 1899
Total 1898
$10,000 $47,455,064
2.000 25,988,116
126,030
9,007,996
Since Jan.
Week.
1,
$243,325
$19,029,720
17,664,481
4,502,989
1,985,354
$5,000
109,365
3,982,955
5,000
180,200
2,569,512
2,629
9,803
5,360
7,251
$3,461,544
1,870,650
3,785,508
443,612
260,728
537,449
103,455
Imports.
f
1.
West Indies
Mexico
South America
All other countries.
Total 1900
Total 1899
Total 1898
72,864
19,483
475
79,3
87,8
1106,0
14,6
1421,2
15,4 110,8 180,4
34,4 125,4
1226,4
61,7
50,0
25,8
11,9
340,4
60,8
30,8
26,6
617,6
85,9
27,1
36,2
701,6
346,6
112,9
2708.6 283,8
2769,8 157,7 122,6 194,1
66,5 104,7
17,4
899,5
34,3
33,3
447.6
4,8
400,0
320,0
3643,0 150,0
2463,0 131,0 218,0 399,0
35,6
J 0,3
11.4
869,3
47,9
67,1
851,4
37,5
100,0
20,6
Isl.
Isl.
1st Nat., Jer. City.
Hud. Co. Nat., J.O.
2d Nat., Jer. City..
Ward
Twelfth
Twenty -third W'd.
$1,331,830 $45,118,058
792,105 39,729,808
679,859 40.536,561
$4,145,324
3,481,005
2,270,699
New York City Clearing House Banks.—Statement
condition for the week ending Nov. 10, based on average
daily results.
We omit two ciphers (00) in all cases.
BANKS
Bank of N.Y....
Capital. Surplus.
$
2,000,0
2,060,0
Merchants'
2,000,0
Mechanics'
2,000,0
America
1,500,0
Phenlx
1,000,0
City
10,000,0
Chemical
300,0
Merchants' Ex..
600,0
Gallatin
1,000,0
Batch. & Drov's'
300,0
Mech.A Traders'
400,0
Manhattan
Co...
Greenwich
Leather M'f'rs..
Seventh
200,0
600,0
300,0
State of N. Y....
1,200,0
American Exch. 6,000,0
Commerce
Broadway
Mercantile
Pacific
Republic
Chatham
People's
North America..
Hanover
Irving
Citizens'
Nassan
Market* F niton
Shoe A Leather.
Corn Exchange..
Continental
Oriental
Imp't'rs' A Trad.
Park
East River
Fourth..
Central
Second
Ninth
First
N.Y.Nat'lExch.
Bowery
N. Y. County....
German Amerl..
Chase
Avenue ...
German Exch...
Germania
Fifth
Lincoln
Garfield
Fifth
Bank of Metrop
West Side
Seaboard
Western
1st Nat., B'klyn,
Liberty
N. Y. Prod. Ex..
New Amsterdam
As tor
Hide A Leather
10,000,0
1,000.0
1,000,0
422,7
1,500,0
450,0
200,0
1,000.0
3,000,0
500,0
600,0
500,0
900,0
1,000,0
1,400,0
1,000,0
300,0
1,500,0
2,000,0
250,0
3,000.0
1,000,0
300,0
750,0
600,0
300,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
200,0
200,0
300,0
200.0
500,0
2,100,0
300,0
500,0
1,000,0
250,0
350,0
500,0
of
of
Re-
Loans.
Specie.
Legale.
Deposits
serve
$
$
9
$
P.O.
$
13,770,0 3,014,0
18,695,0 3,654,0
13,179,8 1,443,9
11,994,0 2,978,0
20,081,7 3,971,2
222,6
4,697,0 1.079,0
5,501,6 106,679,4 26,475,1
6,849,5 23,617,6 6,048,1
209,3
4,578,0
733,6
1,896,1
8,333,2 1,078,7
88,4
1,007,2
203,6
117,9
2.194,0
184,0
182,2
958,2
103.1
477,3
3,770,8
677,1
216,0
3,417,3
505,7
568,1
3,787,8
763,6
2,964.1 27,601,0 4,532,0
6,802,8 59,928,4 6,077.2
1,575,8
9,920,4 1,067,0
1,191,8 13,040,3 2,159,9
484,4
2,654,9
285,5
1,060,6 19,292,0 4,939,1
996,9
6,802,6
761,7
2,163,4
334,3
220,8
670,1
11,912,5 1,612,5
5,070,2 42,602,2 8,251,7
434,5
4,161,0
534,6
382,1
2,956,5
284,4
284,(i
2,665,2
434,1
1,008,7
6,425,0
849,5
200,6
3,763.6
793,8
1,771,4 18,262,0 2,824,0
608,3
4,507,3 1,031.0
401,1
2,000,8
157,0
5,967,1 24,723,0 4,277,0
3,380,7 44,644,0 11,356.0
155,5
1,229,2
170,7
2.285,5 21,021,7 6,199,0
518,4 10,179,0 2,165,0
814,3
8,482,0 1.710,0
161,8
2,363.6
631,0
9.114,3 87,191,5 6,076,0
101,0
2,807,6
388,4
714,2
3,188,0
405,0
378,4
3,066,2
634,7
343,8
3,513,1
674,4
2,000,8 35,076,4 9,100,6
1,311,8
8,476.3 2,166,1
639,0
2,540,0
212,2
830,0
2,966,1
406,8
909,6 10,526,8 2,436,«
1,062,9
6,020,8 1,819,1
344,0
2,144,1
492,4
992,5
6,596,6 1,203,2
409,1
2,746,0
464,0
743,6 11,774.0 4,744,0
1,687,4 32,670.5 7,190,3
522,4
4,012,0
385,0
549,6
6,464,6 1,115,6
411,0
3,800,0
688,1
416,9
4,982,3
661,6
252,3
3,783,1
799,6
306,3
2,458,0
565,8
2,074,1
2,110,6
1,069,1
2,184,9
2,916,4
954,0
1,890,0
1.636,8
503,0
1,670,9
62,0
8,754.1
1,881,4
576,0
888,6
80,5
208,0
179,1
185,1
363,3
230,4
1,064,0
6,074,8
327,5
1,487,3
461.0
738,7
788,3
367,6
902,9
3.917.B
431,4
194.3
217.1
718.8
191,9
2,461,0
494,1
327,0
821,0
2,735,0
206,1
1,677,0
1,178,0
608,0
220,6
1,549,8
319,7
338,0
317,3
241,3
2,064,1
526,6
650,8
378,4
486,1
328,6
149,8
329.5
419,0
901,0
2,371,2
447,0
425,0
315,3
776,7
242,4
81,6
13,929,0
21,124,0
14,539,4
12,626,0
22,526,8
4,585,0
118,380,8
23,791,0
6,063,5
6,853,4
965,6
2,238,0
885,1
3,426,6
4,221,4
3,336,7
21,122,0
45,660,3
6,145,0
13,586.0
3,379,0
21,651,0
6,866,9
2,468,8
12,193,1
45,248,9
4.242,0
2,758,8
3,041,1
6,541,6
4,095,6
21,459,0
5,460,0
1,940.0
22,559,0
54,524,0
1,375,3
24,049,6
13,101,0
9,241,0
2,815,2
35,149,3
2,870,7
3,320,0
3,850,6
3,365,3
42,366,3
9,734,1
3,120,5
4,188,6
12,109,8
6,694,6
2,267,0
6,813,2
3,157,0
16,180,0
38,269,1
3,905,0
6,410,3
3.671,9
5,785,3
4,064,4
1,902,6
284
26-2
20-4
275
246
248
256
291
258
28-7
29-4
175
31-8
251
205
29-7
26-4
22 2
27-1
268
221
262
264
23 4
206
26-8
22-7
17-3
21-4
254
240
246
27-8
249
22-6
258
27-3
327
255
250
30-2
214
246
223
24-7
24-2
26-3
275
276
187
24-1
23-1
284
22-5
278
34'8
249
21-3
240
273
248
256
New York
we
City,
Boston
&
Sings Countv
Manufaot'rs* Nat'l.
Meoh's'
Philadelphia Banks.— Below
<fe
North Side
Seventeenth Ward
Sprague National.
Twenty-sixth W'd.
Union
Borough of
Richmond.
Bank of Staten
lstNat.,Staten
$
9
9
Get. 20.. 164,332,6 797,849,2 1566542
"
27. 164,332,6 793.3H4.6 1589337
Nov. 8.. 164.332.6 792,330, S 1580431
"
10.. 164,332,6 785,656,5 1562567
Bos.*
Oct. 27..
Nov.
"
i
3..
10..
Phtla.*
57,632,9 184,639,0 13,730,0
57,632,9 185,333,0 13,203.0
57,632,9 184,492,0 13,611,0
9
57,901,7 846,432,8 30.431,3
57,946,0 843,391,6 30,560,C
68351,1 841,775,2 30,717,8
56,122,3 831,091,8 30,705,7
9,828.0[203,221,0
9.482 206 302.0
9,549,0 205,856,0
9
10235921
11416675
10728497
10700944
3d Nat., Jer. City..
Hoboken.
d Nat., Hoboken.
1st Nat.,
38,715,3 158,287,0
186,176,0 8,712,0 89,257,1
52.712,0
Nov. 3.. 38,715,3 158,720.0
184,716,0 8,734,1' 87,957,4
51,641,0
" 10.. 38,715,3 159,335,0
183.568,0 8.705.0 81 048
49,197.0
• We omit two ciphers in all these
figures.
t Including for Boston and Philadelphia
the item " due to other banks."
Reports of Non Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Nov. 10, based on averages of the daily result.
We omit two ciphers (00) in ad cases.
18,6
51,8
15,2
5.0
182,0
38,0
88,8
10,0
9,5
77,1
631,7
470,9
224,0
63,4
59,7
44,7
1110,0
475.0
622,9
697,9
16,7
10,5
118,6
10,8
23,6
49,9
25,0
100,0
60,0
84,8
553,0
723,8
15.6
27,9
400,0
250,0
250,0
200,0
110,0
126,0
816,0
557,2
342,4
5051,1
1998,3
1206,3
986,2
2020,2
918,0
231,1
455,7
102,4
30,1
42,9
10,0
26,2
47,2
14,0
56,1
75,1
124,0
43,9
64,4
23,8
15,0
74,0
126,8
8,8
18,0
6.4
8,8
79,7
29,0
18,0
41,6
942
8,7
10,8
1.9
7,2
71,8
40,9
163.4 208,9 963.6
67.6 221,6
76,2
21,3 182,4
67.5
57,2 116,6
41,8
21,9 148.8
105,0
39,7
23,2
50,0
1172,4
1607,8
1162,1
325,0
545.3
694,1
3134,0
2859,1
936,5
421,1
3735,0
2722.0
798,0
935,6
611,4
401,1
929,0
466.4
653,1
727,0
630,2
722,4
27,4
417.0 6840,4
63,9 1726,8
973,7
24,"3
923,5
53,6 1709,5
795,0
9,1
65719,3
Totals Nov. 10.. 7362,0 8401,9 61417,9 2821,4 3707.3 6606,1 1538,0 66493.1
Totals Nov. 3.. 7362,0 8401,9 62274,7 2836,1 3574,1 6596,8 1988,8 66740,8
2573,1
6323,1
3684.2
Totals Oct. 27.. 7362.0 8401.9 62068 4 2865,0
Messrs. Adrian H. WLuller <fe Son
9 N. Y. Produce Ex. B'k.. 125%
100 North Amer. Trust Co. -.207
70 Equitable Gas Light Co.
10 Amer. Press Assoolat'n. 66
10
of Memphis
415
5 Hanover Nat. Bank
8
250 Internal. Express Co
Bank of the State of N.Y. 135
1
57 Louisville Henderson <&
Bonds.
8t Louis RR. Co. pref. 19*s
60 Tex. Trans. & Ter. Co..$30 lot $20,000 Ch. & O. Grain Elev. 76i2
Co. 1st 4s, g.. 1928, A&O..
100 Produce Exch. Ir. Co.. ..1355s
$10,000 Ch. & O. Grain Elev.
5
150 TreD ton Potteries Co
Co. 2d M. 4s, 1988, A&O,
50 Bond & Mortgage Guar.
17%
Oct., 188?, coupons on
302 to 303
Co
$10,< 00 Great South. Gas &
10 Brooklyn Dock & Ter. Co. 30
Oil Co. of Zanpsville, Ohio,
£0 Leather Mfrs' Nat. B'k 230
50
1st 6s, 1905, M&S
10 Chatham Nat. Bank.3i 0-31 1*3
43< ** $25,000 Cert, of Participa5 National Park Bank
tion in Cleve Cant.& South.
4 Amer. Exch. Nat. Bank. 197^
Syndicate. $3,500 paid... $2,610
43 Merchants' Nat. Bank...l75 1a
$10,000 Buffalo City Gas Co.
32 Peter Cooper Fire Ins. Co. 123
69
1st 5 s, 1947, A&O
4 N. Y. Life Ins. & Tr.Co.. 1300
4000 $1,000 Westport (Ct.) Water
3 Chemical Nat. Bank
40
Co. Ut 5s, 1922, A&O
471
12 Bank of America
$5,000 Con. Gas Co. of N. J.
23 Nat. B'k of the Republic. 229
80
1st con. 5s, 19a 6, J&J
100,000 New 8t. Elmo Gold
$6,000 Judge Co. Purchase& Cop. M. Co. of B C.
Money 4s, "Class A," pref.,
($1 .( 00 Assm't due), $1
Auction Sales.
Bv
:
Stocks
—
.
—
$2,200
each
239 Ala. & Ga. Iron Co. pref. 33
60 Ala. & Ga. Iron Co. com. 10
75 Standard C'pler Co. com. 37
10 Guaranty Trust Co
650
10 National City Bank
380
106 United N. J. RR. & C. Co.272is
50 Audit Co. pref., $100
each
le&^mSi
55 Title Guar. & Trust Co. .410
20 Bond & Mort. Guar. Co.,299
120 Nat. B'k of Commerce,
2«^-267 1s
$1C0 each
20 Imp. &Traders' Nat. B'k.516is
20 Composite Type Bar Co.
$250 lot
By Messrs. R. V. Harnett &
1909.
45V46
J&D
$500 Bushwick Democratic
Club l st 20-year 5e
$450 Arion Singing Society
of Brooklyn 2d 5s, 1908....
$150 Arlon Singing Society
of Brooklyn 3d 5s, 1906..
$1 ,000 Cleve. Term. & Valley
RR. 1st 4s, g., 1995, M&N.
$3,000 Terminal Warehouse
&
29
97
95%
*°
M&tf
n
.$150
.
8,074 Ford Gold Mining Co
.......—.
100 Amador Construction Co
Interest In chares of Amador Constr. Co. represented by two
receipts of $1 ,000 each, issued to F. Ravolle.
8T
82
Co.
Institute
Spencer
82
68
Co. debenture 6s
$12,000 Terminal Warehouse
80
Co. 5s
$6,000 Jamestown & Chautauqua RR. 1st 5s, 1998,
stocks.
New York Law
1
&
Trask
PINE STREET,
'
-
J
)
410
Co.,
-
NEW YORK
Transact a general banking business^ act as Fiscal
Aorents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
5,867,0 118,858,4
6,870,0 134,063
5,877,0 133,740,8
Oct. 27..
121,1
134,6
62,8
Other Cities.
furnish a summary of the weekly returns of the Clearing
House ±5anks of New York (Jity, Boston and Philadelphia
Capital &
banks. Surplus. L ais.
Deposits.t Circ'l'n. Clearing*
Specie.
Legate.
n. y.*
Traders'
Nassan National..
34-0
74,222.7 90,109,9 785,656,5 1562667 56,122,3 831,091,8 25-5
Total
Brooklyn.
572,064
$161,851
68,137
110,990
1580,0
2016,0
1179,2
1470,5
713,4
1407,5
2466,6
1330,1
1737,7
2235,0
911,7
3414,0
1695,2
1116.6
2417,7
1578,2
392,4
Borough of
2,628
1,144
120,9 211,1
88,0 114,0
42,7 120,8
81,6 165,9
39,5
45,2
110,1
97,3
210,8
119.0
130,2 192,7
143,8 190,9
85.0 293,0
60,9
62,9
144,0 115,0
95,9
192,6
66,0
105,6
98,7
195.5
78,6
119.0
43,4
26,8
120,2
163,6
160,3
43,4
61,5
59,2
490,6
380,7
205,2
14.3
621,1
567,8
Nineteenth Ward.
Vorkville
2,471,828
831,634
199,587
*
I
|
160,0
100,0
300,0
100,0
100,0
150,0
252,0
500,0
100,0
100.0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
Eleventh Ward....
Fourteenth Street.
$64,988
2,595
$146,001
14,706
*
1485,0
28,9
2100,0 102,0
1099,2
61,7
1269,1
67,8
687,4
7,2
1273,8
81,3
1916,0 102,7
1265,0
38,6
20,4
1300,6
1376,0
75,0
13,7
925,2
2925,0 289,0
50,6
1171,8
47,0
926,2
56,0
2177,9
1600,0
54,4
420,6
7.9
Since Jan. 1.
Week.
$1,331,355 $44,055,315
653,685
5,431
311,280
Germany
Clear'g
119,9
192,6
126,2
62,6
20,5
109,3
61,9
131,7
63,4
171,7
137,5
213,1
62,3
68,0
352,8
201.3
22,3
Silver.
Since Jan.
ife
100,0
300,0
100,0
100,0
200,0
200,0
260,0
200,u
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0
100,0
1.
$2,837,880 *10,462,<H6
60.249 13,909 335
36,842 96,259.620
Exports.
Week.
Leg. T.
Specie
ments
Borough of
Manhattan,
Gold.
Since Jan.
Deposi t, toith
Net
Other Deposits
Notes. Agent. Bks.&c
&
Invest
nbw York City.
Imports.
Exports.
Week.
Sur- Loans
plus.
NEW TOBK.
EXPORTS AMD IMPORTS OF SPECIE AT
Great Britain
France
^97
THE CHKON1CLE
17, 1900.J
INVESTMENT SECURITIES.
State
Branch
Members N. V
Office. 67
Stock Exchanse
AMiAMDEK
GBOKQB 6ABULA Y MOFFAT.
3t..
Albany
m. Whits, jb
& White
Moffat
BANKERS,
Members New York Stock Exchange,
NO.
I
NASSAU STREET,
-
NEW YORK.
INVESTMENT SECURITIES.
.
THE CHRONICLE-STOCK
100
8T00K8-HIQHE8T AND LOWEST 8ALB PRJ0E8.
Saturday,
Nov. 10.
Monday,
19* 19%
61% 62%
30* 3051
Tuesday, Wednesday Thursday,
Nov. 13.
Nov. 14
Nov. 15.
Nov. 12.
Friday,
Nov. 16.
Y.
N,
PKIOBS
1
. .... ..
,
(2 pages)
Sales
of the
Week.
Shares
STOCKSSTOCK EXCH.
Page
2.
,
LXXI.
[Vol.
Range for preRange for year 1900
On basisof 100-sh're lots nous year (1899)
Highest.
Lowest.
Lowest.
Highest.
19* 19% Reading, voting tr.otfs. 28,520 15 8ep
21*Apr
15*Dec 35 Jar.
62% 63* t* 1st pref., vot. tr ctfs 251,885 19 Jan
66%Apr
12*Deo 88*Apj
30
81
31* 3d pref., rotlng tr otfs. 21,780 23%Sep
31
35%Ai.r 5
22*Deo 38*Mu
•50
•50
•55
50 60 53 55 55 66 Rio Grande Western
60
65 Aug 17
43*Jan
25*Jan 44 Nov
P0*
90
Do
•86
91%
|87
87
86
90
pref
995
93
89
93 Mar 22
89
80 Jan
68 Jan 90*NOT
_
*7*
7% •7* 7% 7
•7*
5 May 34
7%Nov 9
3%J'ne ,7%D«*
7%
7* •7* 7* 7* 7* Qt.J.4G.Isl. Tot.tr. oti
58* 53
5 3% 53%
let pref
i',083
58
58
53* 53* 54 ^> Do
38*May 26 51 Nov 16 38*May 55 Jan
$52* 52* 51
•17
17
17
Do
17*
562 ll%J'ne 26 17*Nov 7
18
2d pref
17% 17* 17
17*
17% 17% •17
9 J'ne 18 Oct
18
13% 13* 13%
8%J'ce2S 15*Nov 1'
13% 14* 13* 14
13% 14* 14% 15* 3t. L. 4 8. Fr., vot. tr. otf s 24,967
8*Deo !4%Feb
•69
73
Do
72
•70
72*
1,080
71% 72
70
1st
pref
72
70
61 Pep 35 72*N-v 16
73*
61 May 75*Jan
J71
Do
39* 33% 39« 41
43%
13,38
2d pref
40
31%J'ue23 42%Nov 16 28* Deo 44%j
40*
39* 40
39* 40% 41
14* 15
9,780
14% 15
14* 15
8%J'ne20 15 Nov 7
14% >4% 14* 14* 14* 14% St. Louis South weitern
6%Jan 18*Ant
Do
33% 31
26,910 21%J'ne33 35%Njv16
31
pref
35% 33% 35% 34* 35
81* 34% 34% 3 5%
17 Jan
40%Ao e
Southern
11%
42*
PaolfloCo
325,990
40* 41% 41% 42* 40% 42* 40% 48
41% 41%
30%J ne 18 43 Mar 27 27 May 44*Nov
Southern,
18%
voting
54,785
14%
1
14* 14* 13% 14*
tr.
ctfs.
4%
10%j'ne35
5%Mar 27 10 May 14*Oot
13% 14
13% 13%
Do pref ., Tot. tr. otf 1 6 5,624 49*Jne35 62%Ndv 16 10%Jan 58%Nov
60% 6J%
69% 80%
61% 60* 61
60* 6 0% 60* 61
lb% Texas 4 Paolfle
32,690 13%J'ne35 81 Apr 17
18% 19?* !2* 19* 18% 19
18* 18% 18% 19* 19
12*Dec 25%Mai
Ahlrd Ayenue(N. Y.)..
•111
113
112 112
810 45*Mar 2 135*Jan 3 11 7% Dee 343 Feb
113 112% 111
113
112* 118* 113 113
Twin
City
Rapid
800
Tranilt.
61*J'ly 5 68*Jan 24 38 Jan 73 Apr
63* 63% '63
61% 64%
Do
pref.
136 Jan 2 143 Apr 12 118 Jan 141 Feb
68
:71,366 44%Jan 10 69%Nov 16
66* 67
69% T Tnion Paolflo Ry
67* 68* 66% 67% 66* 67* 66% 68
38*J'ne 5i*Dee
76,507 70*J'ne 23 81*Nov 18
78* 79
...pref
80* 78% 79* 78% 79% 79* 80% 80% 81* *-* Do
66*Deo 84*Jan
8 „ 8 ^ 78%
8
2,900
7% 8*
Wabash
8*Mar 16 9%Apr 87
6*Dec
7* 7%
8%Jan
7% 8
7% 8*
Do
15,680 16 Seo 20 24*Apr 27
81* 31% 21* 21% 30* 20% 20* 20* 20
pref.
20% 20% 21*
19 May 85*Ap?
Wheeling
11
83.7J5
10% 10% 5°3* 11* 10% 11* 10* 11
L.
H..
11%
4
new
IS
8
J'nel8
26
10% 11%
HftMar
7%Dec
Aug
Do
2,384 44* Sep 22 5S*Apr 3
51* Si
55* 57
let pref.
55
58% 63% 54
54* 54* 66
15 Deo 64 Jan
Do
26% 28% 28* 2fc% 38% 29* 28% 29
2d pref. 33,434 21%J'ne 18 33*Mar 26 21*Dec 32%8ep
3S% 29% 29* 30*
•14
823 10 Sep 26 30%MarSl
15
13 15
14% 13
15
13
13% 114% 12% Wisoon. Central, new
13*May 21 Nov
Do
§87
37
35
1,072 SO Sep 24 67 Apr 3
pref.
36* 37
36* 36* •36
37* 185
45 Dec 59 An f
87* 35
Hlscellan's Stocks.
185 140 S1S5 140 180 150 1130 140 1140 144 zlSO 150
387 111 Jan 2 §150 Nov 16 1108 Jan §119 Feb
A damsBxpresi
21
24% 33
35% 82% 2d* 21* 22* 21% 23* 21* 23 r»-merloan Car 4 Foundry 81,493 12* Jan 15 85%Nov 12 10% Dec 81%Mar
Do
15,447 57%J'ne2 5 69%Nov 12
68* 69*, 68* 69h 82* 68
pref.
51 Deo 88%8ep
67
67% 67* 67% 67* 67*
13,626 30 J'ne35 37% Apr 7
83* Amerloan Cotton Oil
86% 37* 36* 37% 36
87
30 Deo 46 Not
83* 31
36
36% x33
•97
93 98 93 98 90 95 •90 95
o
pref.
88%Sep 19 100 Apr 5 88*Jan 97%Oot
•30
100 24%Jan 4 35 Nov 8
American Dlstriot Tel ....
•30
35
•30
35
••••«
33
30 Oct 52*Mar
35
88
Amerloan B zpren
1161
161
1,086 §142 Mar 6 167 Nov 13 133 J'ne 160* Ac
165 165 (163 167 1161
163 (182 167 §165 167
40% %l* 43* 48* 44% 47% 45* 46% 43* 45% 40% 45 imerioan loe ............. 27,625 27*J'ne 36 4 9* Apr 4 31 Deo Si*!611
Do
1,890 60*J'ne 19 78*Feb
78
78
71
pref.
72% 72% 71% 72
71% 188* 70
72% Dec 85 Sep
§70
70
28,101
9
13
18*
9* American Linseed
8%Sep 26 16*Feb
13
9
8% 46*
8% J'ne 16%Not
9%
10%
Do
77,58-i
15
43%
pref.
41
14
52* 58* 48
53
43
Nov
60
Feb
ll*J'ne 61 Des
42% i°9* 11
47*
American Malting
2,260
5
•5%
3 J ne 12
5% 6
6
5*
Dec 37*Jan
6
5*
5*
6*
7ftJan
5%
5%
Do
2.05U 18%J'ne 27 Sl*Jan
•24* 35* J*
pref.
24* 24H •24* 8i* 34
21 Deo 87*Jan
85* 24* 24* 24* 25*
Amer.
Smelting
65.310
4B% 46% 47* 19
4 Refining
34*J'ne 18 5i*Nov 16 30 Deo 59 Apr
47% 48% 47* 48
48% 49* 49% 61*
1S.U04 85 J'ne25 88ftNov 16
Do
97% 98%
94* 95* 98* 97* 96% 97
pref.
77*Dec 94%Apr
96
96* 96* 87
32,990 17 J'ne25 50*Feb 6
31
83
81
31* 31* 83% American Steel Hoop
31 May 48%Not
3%
32% 30* 32
84%
Do
5,870 64*Sep 38 86 Feb 6
79*
pref.
77% 7>% "i9
176
70 May 86%Sep
80* IS* 79* 76
77* 77
77
44% 48% Amer. Steel & Wire (new) 317,315 28*J ne 2S 59%Apr 2 32 Deo 72 May
45
44* 45% 46% 47%
46% 43* 44% 44
Do
84,20V
84
85
83%
pref.
69*J'ne 25 95 Feb 1
85
85% 86
81 Deo l06%Mar
85* 87% St* 88
84* 85
188% 181% 130* 13a* 126*132* 128* 130% 129% 131* 130% 183 Amerloan Sugar Refining 378,583 95*Mar 3 137* Jan 4 114*Dec 182 Mar
Do
155
•116 118 5117 117* *l>7
116
116*
107
116%
pref
Mar
2
118
14
110
118
J'ly
Jan 123 Mar
117*
116* 117
•91
•91
Amerloan Teleg. 4 Cable.
30 §87 Sep 27 § 98*Jan 13 194 Dec 105 Apr
•90
90
....
192
83
'90
40
43* 48
42* American Tin Plate ...... 16,751 18 J'ne25 43*N t 10 20 Deo 52ftApr
43
40* 41% 40
41* 41
41* 40
Do
85
1,570 70%J'ne 25 88*Nov 9
87% 85% 88
88
pref.
74 Dec 99*Feb
88
88
86* 87% 187% 87% 87
American Tobaooo
117,626 84*J'ne 25 lll*Feb 14 t78*Deo 339*Apr
109*110
106*108
110
107*
106% 109
106% 108% 108* 109*
Do
100 128 May 17 140 Feb 15 121 Deo 150 Mar
140
140
pref.
28,705 37%J'ne 85 54%Apr 8
46% 48
31*Dec 70 Apr
47* 48% "ie'% "is
46% 17* "47% '*19* Anaoonda Copper
47
47
1,293 140 Jan
176 176* •173 177
175 179
Brooklyn Union Oas
2 179 Nov 16 ISO Deo 160 Mar
174% 174% '173 175 173 175
runsw. Dock4C.Imp't.
•8%
1,150
9*
6*J'ne 25 16%Jan 25
9*May 80%Auf
9
9
6% 8!
8% 9%
9* 9*
l*May 7 2% Apr 10
Colorado Coal 4 I. Der't
5%Apr
l*Jan
olorado
Fuel
81,760
49
46* 17
46
4
Iron.
24
64 Sep
45%
29%Sep
51*Apr
47* 43% 48% 14
2
30*Feb
44*
45*
44%
•180
Do
ISO
135
117 Oct 19 131* Jan 17 88 Jan 180 Dm
120
130 125 130 •125 135 125 135 125
pref.
1,960 ll*J'ne23 21 Apr 2
17
17% 18* 18
17% Col. 4 Hook. Coal 4 Iron.
18
6*Feb 2i*8ep
18* 17% 18% 16% 18
18
Consolidated
39,183
Oas (N. T.)..
181% 185* 183*186% 182% 185* 182 184* 184* 186% 185* 192
*164 Sep 21
Jan 3 168 J'ne 223*Mar
Continental
131,310
Tobaooo
21*May
36%
36%
21
38
Jan
33
3
20 Deo 65%Apr
84* 36
35
32% 34* 34* 38*
Do
13,177 70 May 12 98 Nov 16
86
87
pref
71 Dec 103%Au|
87* 90* 89
90
88* 89* 89% 90% 90* 93
100 89 Sep 25 98* J'ne 14 63 Jan 101 Aug
90% 90% Detroit City Qas
90
90
100 101 Jan 8 122%Feb 33
105* 105* Brie Telegraph 4 Teleph.
92%Jan 130*Oot
181,538
Steel...,,
48
49% 48* 51* 47* 49* 47%
4^% 50% Federal
28%J'ne 25 57%Feb 6 S9ftDec 76 Apr
48* 19
Do
29,352
76
77
pref.
60%J'ne
75*
77
26
77%Feb 6 67 Dee 93*Apr
76% 77* 74* 78* 74
74* 75*
75
200 64 May 17 81 J'ly 17
Gas & Elec. of Bergen Co.
70% 71%
17,713 120 Jan 10 186 Nov 16
115% 118
148 150
148 149* 118* 156
155 160* 159* 166 General Bleotrlo.'.
95*Jan 132 Not
5,131 44 May 15 60 Nov 13
58% 59* 59* 60
57% Glucose Sugar Refining
37 Deo 76ftMar
57* 69
58
57% 58
58* x57
Do
1«5
98 Jan 2 108 Nov 14
§104* 104*
pref.
95 Deo 110 Jan
103 103
200 (108 Oct 13 115*Jan 11
mil •*•••«
110 §113* H. B.ClafilnCo
97 Jan 117% J'ly
17,020
26
International
Paper
25
14*Mar
25% 11*
21*
6
28%Nov
12
17 Dec 68*Jan
25
24%
28*
24*
21
36
H
Do
10,315 58 Mar 6 75 Nov 1
70* 78% 78
71*
pref.
62*Dec 95 Jan
?8
74
78* 74% 73* 71
74* 71
13,110 24 J'ne 30 41 Nov 18
83* 3 % 32% 3?
II
87% 41 International Power
tIMII
38* 87* 37
39
40
10
1,178
3*Aug 2 10% Jan 26
4* 6 International oiivei
•4*
9 Dec 36 Feb
6% 6%
6
6* 7* 18* 6* •4* 6
Knickerbocker Ice (Chic.)
15 Sep 18 40 Feb 13
30 Deo 6 3* Feb
Do
52*J'ly 81 66 Feb 8
pref.
70 Nov 84 Feb
73 75 70 75
1,920 65 May 10 80 Jan
70 75
70* 78
72
73 Laolede Gas (St. Louis).
51 Mar 85 Dee
•98
100
98 100 95 100 •95
•90
•95
Do
96 Jan 11 100 Jan
100
pref.
95*J'ly 102*May
95
13 15 18 16 12 16 •13 100
•12
Manhattan
Beach
39 Apr
•18
Co
6* Jan 30 ISftMay
15
5 Jan
15
16
5,458 23 J'ne 21 40*Feb
89
89
37
National Blsoult
39
31 Dec 63 Jan
37*
39%
36%
38*
38*
38*
38%
•94
Do
950 79*J'ne 18 96 Feb
•92
91* 88* 95% 95% 91
pref.
91
•91
95
89 Deo 107*Jan
94
91
4,020 15% Aug 11 28*Feb
21%
21% 28* 81* 22
38 National Lead.......
32*Dec 40*Jau
22* 23
81% 21% 22
Do
847 83 Auk 11 106*Feb 20 108*Deo 116 Jan
98
IP 98 99 95 100 98 98* 97 97 98 98
pref.
National
Salt
11
12
6,654
44
38*:ct 19 46 Nov 15
46
41* 42
42* 43
44*
13
46
Do
1,675 89*Oc- 15 76* Nov 14
*71
72* 71
71
pref.
75
73
74
74
75
76
73* 76* Si*
National
Steel
41,480
20
38* 39
J'ne 23 53*Feb 6
37*
86* 38
36
36*
38*
37*
31ftDeo 63 Apr
86* 87%
93
93
Do
1,874 79%J'ne 26 97 Feb 6
pref.
92% 93* 93
93
93
85 May 99%Aug
91% 92* 92% 92% 93
58,958 40%J'ne 25 63%Nov 16
62
63
61% 63* 60* 62% 60* 61% 61* 62% 63% 63ft National Tube Co
101 101
Do
8,225 86% May 14 105 Nov 12
104 105
pref.
101
106
103% 104*
103* 103* 101
21 31 24 34 •24 31 108*
31
New
Cent.Coal(
new
stook)
• ee
83 Aug 15 37 Apr 30 36 Oct 12 Jan
•21
•21
80
30
31
6,630 112 Sep 25 160 Nov 18 110 Dec 230 J'ly
130
1130
136* 187
132% 136
135 136* 134* 138% 135 160 N. Y. Air Brake.
6,310 13% Jan 33 17*Novl2
17
17
17* 16* 16% 16% 16% 16% 16% 16% 17 North Amerloan Co.
6% J an 17%Not
6 17*
6%J'ly 7
7
•6*
•8
•6*
•6*
9 Feb 2
8
7 Ontario Silver
6 Mar 10* Apr
7
7
"49* *55*
103,742
Mall.
48
57
J'ne
11
23%
57 Nov 10
50% 58* 18
46% Pacific
36 Deo 65 Jan
45% 46* 43
51
170,917
e
opTsGas-L.4C.(Cbio.)
81%Oct
e
11
lll*Apr
1 29* Apr
98% 22* 98% 102% 97% 101
101
90*Deo
2
87% 99* 98% 99* 99*
22,447 32*Sep 26 58ftJa» 17
51
65* 55* 67
4 4ft J'ne 61 Aug
58* 65
53
53
58% 5S% 54% Pressed Steel Car
63%
2,916 70fttep 26 88*Nov 10
Do
pref.
86
•85
86
87* 89* 88
89
87
85
75 Dec 91 Sep
86
86* 86
2.287 176 J'ne 25 198 Nov 12 156 Jan 307ftO«t
192
Pullman Company
191
1H51W msas 194
192% 198 §193 198
191 §193 194
v>
epublio
Iron
28,505
4
Steel..
8%J'ne
25
18
17% 16% 17% 16% 17* 17* 18
27*Feb 6 l6*Uec 8S%8ep
16% 19% 17
IS*
11,820 49 Aug 1 70ftFeb 6
Do
pref
63
63* 64
60*Dec 79 ABJ
65
61
68% 61
65%
63* 63* 61
61 65
59*Jan 16 65*Nov 3 58%Dec 66 Apr
65 Silver Bullion Certifs.
•64* 65* 64
61
66*
66
s**
i',993
loss-Sheffield 8. 4 1 ....
17*Oct 20 24 Nov 12
22
82
23
24
24
21
21
83* 21
24
24
24
2,180 59*J'ne 25 70*Nov 16
pref
68
Do
68* 69
70
69
70
69
70
70*
69* 69* 70
2,200
Rope
4
Twine.
l*Mar 6 10*Jan 3
Standard
7
7
7
6
6*8ep 16*N0T
8
6
«% 7* •6* 7
7
6
Sep
66% 68* 69% 72% 69
72* 69
73
73% 75* Tenn. Coal Iron 4 BR .... 130,393 19 Oct 8 104 Feb 2 36 Jan 126
70% 70
200 13* J'ne 19 17%Oct 22
17 17* 17 17* •16*
11 Nov 15*Jan
16* 16* Texas Pacific Land Tmst.
18* 16% 16* 17
Mai
}!* 15* 17*
8,879 10 J'ne 18 25 Feb 7
17
19
l7*Dec 45
19* 30* 17
18% 18
16* 17 Union Bag 4 Paper
3,877 56*May 9 77% Feb 2
pref.
Do
75
71 Dec 89 Mai
75
76
75
77%
74* 75
75* §74% 71% 75
2
5
§15
Bxpress....
Mar
18
States
United
§51
60
47 51 •47* 50 §50 50*
Oct 27 (46 Deo 60 Jan
150
50
50
60
60
11
6ftJ'ne 40%Not
15% 17* 14% 16* 18* 16% 15
15% 15% 18* United States Leather.... 282,583 7%J'ne 25 19 Jan 3
17,599 65 J'ne 35 79*Nov 12
pref.
Do
64*Dec 84«NOT
76
70* 76% 79* 76* 77% 76* 77* 76% 77* 77
77%
41,785 21 J'ly
6 44 Jan
37%Dec 57 Apr
2
85* 87% 87
89% 36* 39
36% 87* 38
36* 36* 37* United States Rubber
8,688 90 Feb 27 104ftJan
pref.
Do
95
3
95* 95% 99% 96
99
99% Dec 191 J'17
94% 95* 95
95* 95* 98*
611 120 J'ne 1 137 Nov 18 120 Deo
180 183 §182% 187
•130
110 (ISO ISO
136
130
133 137
Wells, Fargo 4 Co
11,876 77*J'ne 32 88* Jan 6
98V
est. Union Telegraph
<
83 Dec "sb:
85
81
81
86% 81* 85* 64
84* 84
81* 81* 85
Bid and asked priest sales: no sales on this day. § Less than 100 share*. tHx 100 p. 0, stock dlv. * Ex rights.
19* 30
61* 63%
•
19* 80
61
63*
30* 31*
19* 20
63%
30% 31*
19* 90
68% 63%
31* 31%
» • * t
M
.
,
1
. .
1
1
. .
1
.
.
•
4 I
,
• t •
.
.
OUTSIDE SECURITIES
Street Railways.
floney Island 4 Brooklyn.
1st 5s 1908
J4J
Ss oertf s lndbtl908..T4J
Bid
325
102
100
Ask.
103
B'kC.4New5s'39.J4J 114*
9r.et.4New lst5s'06AAO
9'P*t 4 Lorlmer St. 1st 6s
Kings Co. Elevated.—
1st 4s
104
106
1949— Sm Stock Exch.
Hassan Blec pref
6s 1944
1st 4s 1948
A40
75
110
J4J
88
H«wWmb'g4FUstex.l*s 104
Btelnwaylst8il922. ..JAJ «116
(Given at foot of
Street Railways.
OTHER
80
114
89
US'
consecutive pages).— 81REET
Ask
Street Railways.
Ry— Con 5s.-S«« P
Col St
CITIES.
Buffalo Street By— Stook. 100
1st oonsol 6s 1931. F4A
Deb 6s 1932
1108
Chloago City
Stook.. 256
Indianapolis Street Ry....
15
Cleveland City Ry
102
'09.
Cleve Clty-lst 5s
J4J 103
Cleveland Bleotrlo Ry
68
Con 6s 1913
M48 103*
Columbus (O) St Ry
80
k r*J 1 6IT6Q uiuitiMiiMi
90
RR—
list.
Bid.
7
M4N
me*
t • » * .
Ill
260
••••*•
102*
105
84*
105
Bid.
hlla.
1107
Crosst'wn— 1st 5s.
18*
J C Hob 4 Paterson
4sg N)V 1 1949. ,M4N 83*
1108
Kansas City El 6
J 4.1 1 84
Guar 4s 1922
(Chlo)Blev-Stook
9*
Lake St
J4J
93*
deb 5s 1928
Loutsv Bt Ry— 5 p o bonds Hl»*
82
Common.
110
Preferred....
Lynn4Bos-lst5s'24.J4D {118
MlnneapBtRy-5s'19.J4J {108
Ask.
RAILWAYS,
Htreet Hallways.
New
80
68
Orleans City Ry..,
Preferred
North Chicago— Stook.
1st 5s 1906-16
J4J
North Jersey St-— Stock.
10
Pat
list.
»«-».
Bonds
84*
120
83
111
114
110
Bid.
19*
93*
200
88
88%
*rov 4 Pawt'ok-lsi 5i '33 fll>
15
loohester Ry
,A40 §107
Oon5s 1930
J4D 80
2d 5s 1933
Buyer pars acomeu
Alt.
SI
94%
310
107* 108*
Ry con 6s 1931 .J4D 119
Gen 6s 1914
A40 106
i
do.
84
84
111
16
108
85
Inter •St.
Nov.
N
811
.
THE CHRONICLE.—BOND
17, 1900.]
BOND8
W.T.STOOK EXCHANGE
Wmk Ending
H
9
Nov.
Price
Friday,
Nov. 16.
16.
Bid.
Week'$
Range
Range or
since
Last Sale.
Jan. 1.
Ask. Low. High. No. Low. High
A W.
A! leg.
A
See B. R.
Paul—
MABtP— lst7s$gRD.'02
1st 7s*goldRD.... 1902
1903
lstCAM7s
Sale
Sale
100*
94*
101*
» • • *
98*
Oct.'00
93
84* 797
79* Deo '99
84
Sale
1995 Not!
.1995 NOVt
Stamped.
Bqutp trier A g 5s.... 1902 J -J
Registered
Ohio A St Lou 1st 6s. .19te
Atlanta A Char. See Son Ry.
AU Knox A No 1st g 5s. 1946
Atlanta & Danv. See Po Ky
Atian A fad. See South Ry
Austin A NW. See. SoPao..
M-8
J-D
Registered
PJnnAMDlT
litg S*sl935
Registered
BonthwDlT istgs^s.1925
106
J
85*
Sale
99*
98*
'"87* Sale
M-N
W
'
89*
96* 386
100*
8^*
88*
Sale
188
Oct.*00
67
89*
"*fi
472
• t t
F-A
5s. 1 91
111
111
OenOhtoRlstog4*sl9S0 M-8
SeeNYCAH.
Bel A Car. See Illinois Cent..
BooneT Bridge. SeeMKAT.
May '00
J'ne'9t*
•
#}
Registered
Extension 4s. .. .1886-1926
Registered ... .1886-1 926
1987
Gen Gold 3*s
1987
Registered
1879-1929
Sinking fund 6s.
.1679-1 92t
Registered
Sinking fund 5S..1879-1929
Registered ....1879-1929
25-year debenture 5s. .1909
1909
Registered.....
30-year debenture 5s. .1027
1921
Registered
Sinking fund deb 5s ... 1 933
1933
Registered
. .
See Erie.
m-s
j-j
A-O
ClAMahlstgug5s...l943 J -J
Booh A Pitts 1st g 6s. .1921 F-A
1922 J-D
Consollste
Buff A Southwest. See Erl e.
Buff ASusq 1st mold 5s.. 1913 A-O
1918 A-O
Registered
1906 J-D
Bur CR AN 1st 5s
Con 1st A col trg 5s.... 1934 A-O
1934 A-O
Registered
R I F A N W 1st g Ss.1921 A-O
MAStL 1st gug7s.... 1927 J-D
Canada South 1st 5s... 1908 J -J
1913 M-8
2d 5s
1913 M-S
Registered
Orb A Shawn. See 111 Cen.
BuffBAPgengSs
113*
1937
1947
Debenture 6s
West
lstg
isgu.1998
AH A
118*
Sale
113*
114*
109
>«•••• •••••
128*
127*
103
129
126
Apr '97
100
Nov'99
108*
108*
118
118
117
i
117*
iVa*
106
108*
105
Sale
Bale
129
184
J'ly'00
Oct.*00
108*
106
115
Oct. '00
Sep.'OO
Jan.'99
108
ibs*
103*
io4
Apr'00
i*07*
131
126
US
••
109
MUAMadlstes
118*
117*
North
93
Central Ohio. See Bait A O
CenRR A B of Ga— Col g 5s' 37 M-N
Cent of Ga Ry— 1st g 5s. 1945 F-A*
1945 F-At
Registered
Registered
M-N
M-N
92*
••••••
96%
.
.
Sale
95
Bale
88
60
18*
Am
gug5s.'20 J-J
1912 M-N
Leh A
guar
4*s...l9lC
Con ext
Q-MI
Cent Paolno See So Pao Co
Charles A Sav 1st g 7s. 1 936 J-J
Ones AOhlo g 6s ser A..1908 A-Ot
1911 A-Ol
Gold 6s
1 it con g 5s
1939 M-N
Registered......... .1989 M-N
Gen gold 4*s
1992 M-S
Registered
1992 M-S
Craig Valley 1st g 5s. .1940 J-J
LeAHud Rgen
107
Sale
us*
114*
WBC5s
105
102
Sale
101*
1
85*
91
117
BxtAImpsfg5s...l929
Mich Div 1st gold 6s 1924
Ashland Div lstg6s 1925
Convertible deb 5s. .1907
Inoomes
,...1911
Chlo Rook Isl A Pao—
1917
6s
Registered
1917
General gold 4s
1988
1988
Registered
lit2*i
53
H*
822
9*
4*
551
50
Deo '99
J'ne'99
Oct.'OO
» • * »
'64
J'ly'00
Sep.'OO
Extension 4s...
KeokADesM
96
117* 120
118
117
101
•*••••
BAADiTlstoong4sl989 J-J 105*
8deong4s
1989 J-J
Warm Spr Val 1st g 5s 1 94 M-S 105
Bill Lex A B 8 gu g 5s.l902 M-S 101%
Ohio A Alt RK— 3 f 6s. .1903 M-N 103*
Refund! g gold 3s.. ..194* A-O
93
Miss RlT B 1st sfg 6S..1912 A- O
1 950 J-J
Railway, gold 3*s
Ohio Bur A y— Con 7s
1 903 J-J
Sinking fund 5s
1901 A-O
Ohio A Iowa Div 5s. . . 1905 F-A
Sale
esse
100
Bale
117
95*
93
100
101
92
106*
J'ly'00
101* Apr '99
101* 101*
106* Oct/00
88
92%
Clearfield
, .
Chicago A Brie. Se« Brie.
Oh In A Louis— Refg 6s. 1947
J-J
Refunding g5s
1947 J-J
LoulST N A A Ch 1st 6s. '1 J-J
.
*
5s..
.1941
100
108
Cairo Div 1st gold 4s. 1939
Div lstg 4S.1991
Otn
St L Div 1st ooltrg 41.1990
Registered
1990
Spr A Col Div 1st g 4s. 1940
ib'6* 103
Ill
Sale
92* 83
100* 100* Oct.'00
....
131* 134
108* Nov'00
120
l20*Oct.'00
• • •
100*
130*
108*
118*
114*
114*
e • •
113
103
134
118
133
116
Sale
113*
Aug'00
2 138* 188
1B9 113 117
115 115
103
113
116
118
Oct.'00
105*113
116
Bale
116
102* 106
116
103
116
114*
134
134
113*
Aug'00
115*
• * • •
Sep.'OO
Sep.'OO
107
107
103
Mar'00
Nov' 00
Nov' 98
\\\"
Oct.*00
J'ne'00
111
107
105* Mar'99
107* Nov'00
107
108*
116
119
118
199
109
109*
1
•
•*«
Bale
118
8
1
108* 118*
108* 119
108* "IK
107
•
114*
I
• • • •
119
Street Railways.
Bid.
99
108*
103* 108*
Feb''b'6
103
Nov'99
112* Apr'00
113* Apr'00
111* Apr'00
111*
no*
110*
122*
134
136
138
188*
IC7*
-J
130*
-J
107*
Sale
120*
138*
124*
187*
139*
107*
109*
130*
Sale
130
107
113*
112*:
110
120
18f*
133*
133*
12a*
137*
189*:
Nov'00
Aug'00
Apr'00
107*
105
Aug'00
130*
I 139
134
127 182*
381 103* 108*
Nov'00
106*
107* Nov'00
105*107*
May'00
88* Aug'00
98* May'9»
86* 86*
98
96
96*
111* 111
110
136*
98
Oct.'00
107
185*
4 131
5 131
'*6
140
127
91
It
119
....
....
105
118* Aug'00
100
99*
103
117
113
112*
Oot.'99
J'ne'99
Jan.'00
Sep.'OO
Oct.'00
Oct.'00
i
)3
51
Preferred
United Rys (St L Transit)
Preferred
Gen
4s 1934
JAJ
On'd TrABleo(Prov)-St'k
WestChioago si
Oon g 5s 1936
MAN
Worcester (Masi)Tr-Cono
Preferred
,,,
95
I
J-D 100*
J-J
J-J
M-N 109
M-N
M-8
J-J
M-N
• S • • •
15*
62*
81*
100
NEW
TORK.
Cent Union Gat— 1st 5s
Oon Gas (NY)— Stook—
Bqult GatCon. 5s 1982— See Stock
Hi*
Mutual Gas
103
N.
103
117
108
117
118* 114
Bale
34
101
100
97
98
103
99
98
103
May'99
94
88
Nov'99
94
Sti
105
105*
114
1936 Q-F6
Consols
104
f
1914
7s
J-E
Gen oonsol gold 6s. .1981 J-J
•IM*' 136* 181
_
Reglitered..
CAS 1st MO
1934
OO A I7S.1901
Oct-'OO
1
115*
185* 188
188* 187
Aug'00
.j
ioi* i'di*
77* 78* 77*
78
83*
Sale
Bale
78*
78
79
83*
84*
84*
46
178
Gas
Securities.
Bid.
107* Nor Un 1st 5s 1927. .MAN 109
Bxoh Standard Gas— Common. 1£0
897
11 st.
303
1st 5s
9S
34
10a
111
188
180
84
79*
71* 86
78* 87
68
170
96
78
AW
Conn
Preferred
Ex.
98*
98
100* 104*
105* Apr'00
6s..
AH
Ask.
101
J'ne'99
••!••• t***M
3,
1930
OTHER
140
.......
MAN
11
6
CITIB8.
Ask.
Gas
Securities.
Oct.
dec.
Bid.
Ask.
Gas— See N Y Sto ok Bi oh.
Cincinnati Gas A Coke..
>MMI 'HIM
48
60
3oi Gai L A Heat—Com..
Chicago
113
106
104
128
146
118
LU
Preferred,,,...,.,.
1st 5s 1932
,,,,
74
79
JAJ S10i* 106*
O mtolid Gas (N J)— Stck
JAT
1st 5s 1936
Oonsol Gas (Pitts).... 50
10
61
15
83
50
65
Bonds 5s
1«
J1C6* 107
Contum Gas (J City)— 8tk
NT Bleo Lt Ht A Pow— N. Y.Stk. Bxoh Boston UnltedGas Bonds- -Bosto nLis
6
1st 6s....
MAN
List.
Buffalo
City
Gas—
Stook.
3
Bxch.
Stk.
N.
Y.
Gold 6s— See
tppic.
i And Interest
1st Rs Bnnds
60
64
118* 114
Amsterdam Gas—
1st oonsol 5s
33*
Y
132*
878
113*113*
Registered
1936
Cln 8 A 01 oon lstg Ss.1988
N Y A East River Gas—
1st 5s 1944
JAJ {110
Contol 5t 1945
JAJ 104
5105
186*
185
140
120
A Pas Rlvs 1st g 4s. '43 A-O
DakAGtao. SMOMAStP.
alias A Waoo. SeeM K AT.
116*
Bid.
114
rj 114*... 114 Aug'00
CCOAloonsol7s,...1914 J-D 135 137* 135* Aug'00
A
I
Col Mldl'd— lstg 3-4s... 1947
lstg it....
..1947
Col A Sou 1st g 4s
1929
0oiA9thAv. See Met St Ry.
Oolum A Greeny. 8** 80 Ry.
Col
Val. Se$ Hook Val.
001 Conn A Term. Be* N
99*
19* 80
64* 65
64* 85
110
101
109
Securities.
96
118
(Given at ecot of 7 consecutive pages).— GAS SECURITIES,
Gas
Atk.
••••••
.••*»
101*
I
Bo Side El (Ohio)— Stook.
ByraeuseRap.Tr., 5s, 1946
union Trao (Chic) Com.
117
110
119* Deo' 98
Be »rloe Friday: latest bid and asked this week. tBonds due July. tDuoNov. Due June. TDue Jan. 1 Due May. aOpUonsales. bDueAug. eDueAprU. iDme
OUTSIDE 8ECURITIE8
..<•••
'99
107
100
21 113
••'•••
114* 119*
.
111* 117
I (
107
105* 110*
Deo
118* 118* Nov'PO
117* Feb '98
105
119
87*
1
130
181
189
144
108*
109*
108*
<.
134
113*
117
118
130
.
108* 113
lll*J'ne'99
•134
4
2
118*
ioi* oct/bo
A-O 100*
OIndAWlstpf 0S...1938
Peo A Bast lit oon 4s 1940
9f* "92
93 Bale
Income 4s...,
33 .
,, 1990
82*
33* Bale
1 Lor A Wh oon 1st 5s. 1933
109* ..... Ill 8ep.'00
Clev A Marietta. SssPaRR.
Clev A Mahon Val g 5s. 1938 j-j
180 May'00
Registered ..........1938 Qu-J
Clev A Pitts. Be* Penn Co.
107
103
10
108
•••»•
Oct.'00
8ep.'0O
• • •
'19*
HI*
178
117* 119
110* HI g
117* 121*
116* 1MB
94
C
113*117
118* Nov'00
108* Oct.'00
110* 111
Sep.'OO
•
119
121
120
17
Aug'00
137* Nov' 00
,
107
Sep.'OO
109
166
tee
118*
94
Div 1st g 4s. 1940
W WStVal
L O oons
1930
106*
105
1993
W AM
99*
Sale
Bale
....
,
184* 137*
A Man. SmBRAP.
A St L—
Geng4s
...1949 J-J
113*
108*
119
120
139
109
126*
Aug'00
118*
110*
119*
119*
183
180*
139*
110*115
C C
.
Registered
,
A-O
J-J
M-N 110*
1905
1937
lstg 4s
83*
. .
Iowa Div slnkfd 5s. ..1919 A-O
4s
1919 A-O
Nebraska Bxten 4s. . 1927 M-N
Registered
1927 M-N
Southwestern DIt 4s.. 1921 M-8
Convertible 5s
1903 M-8
Debenture 5s.
1913 M-N
Han A 8t Jos con fii... 1911 M-S
CkloABDl. lstsf our6s,1907 J-D
Small
1907 J-D
lstoong 6s.. ..,.,. ,.,.1984 A-O
GenoonlstSs.
1937 M-N
Registered
1937 M-N
Ohio A Ind O By 1st 5s 1936 J-J
HAD const 7s
101
96
S3*
83* 1385 81* 84
111
12 108* 118*
110* 111*
iro*io3 101* 101*
I 100*103
100
104* 104*
104* Apr'00
DenvDlv4s
1922 F-A 108
103 Nov'00
100* 103
Illinois Div g 8*s,.„1949 J-J
104* 105* 1C5* 105*
10 100* 105*
. . .
in
2dgold4*s.
Cln D A I lstgug
117*
111*
I
115*119* CIStLAC. SeeCCOAStL.
115* 121* ClnSAC. SeeCCOAStL.
117
J'ly'00
105*
98
19
,
U6*
General gold 8s.
1932
D
Chic A West Mloh Ry Ss.1921 f D
105
Coupons oft
1921
102* Choc Okla A G gen g 5s. 1 9 1 J-Jd
113
195
Oct.'00
,
190
117
118
119
106
100
32 100
J'ne'00
100* 101
94* Aug'00
170
,
118*
111*
118*
117*
118*115*
113* Nov 00
119* Nov* 00
119
121*
Oct.'00
Oct.'00
J'ly'99
CnStPAMtn lit 6i.. 1918 M-N 132 •*•••• 132
133
107* 111*
Nor Wisconsin 1 it 6s.. 1 930 J-J
140 May'00
140
117* 183
St P A S City 1st g 8s. .1919 A-O 129* 130* 129*
131
116 123
Chlo Ter Transfers 4s.. 1947 J-J
94
95
95
93*
lstsf g 6s.. 191 M-N •104
130 130
:h A West
106
....
Oot.'99
105
•
113
Sep.'OO
119*
114*
137*
126*
109*
8* ChloStLANO. See 111 Cent,
Chic St L A Pitts. See Pa Co.
Chlo8tPMAOoon6s..l930 J-D 185*
'
Aug'00
102
117*118
113*116*
109
121* Oou 00
173
A-O
A-O
1923
A 8 Fe
118
119
126%
110*
J-0
1st 5s. .1923
Small
18* Chlo A St L See Atoh T
166* 169
172* 1791a
168* 172*
166 178*
119*
-J •130
J
167* Ang'00
172* Apr'00
169* 8ep.'00
178* 172*
114* 114*
113
112*
105*Feb'98
life*,
U6*
1905 J -J
1905 J -J
33* 53
. .
.
-J
-J
-J
-J
-J
DesMAFtDlst4s...l905 J-J
120
96
Oct.'00
107* May'00
124* 128
122* Oct.*00
130
25
.1910
MULSAWlstg6s...l921
"95* 438 "88* "96*
8*
95
102
106
. .
Convertible deb 6s. . ..1908 M-N
Dook A Imp Co 5s. 1 92 J-J
9r*
ISO
15
8*
. .
87* 92
92
93
130
118
53
Income g 5s .1945 Oct.*
18
3d pref lnoomeg 5s. .1945 Oct.*
8d pref Income g 5s. 1945 Oct.*
8
MANDlvlstg5s.....l946 J -J
Mid Ga A Atl Div 5s. 1 947 J -J
Mobile Div 1 st g 5s. ... 1 946 J-J
Oentof N J-lst oons 7s. 1902 M-N 105
1987 J-J 197
General gold 5s
1987 Q-Jt 125
Registered
lit pref
98
1905
Illinois 1st 5s..
OttCFAStPlst5s..l909
Winona A St Pet 2d 7s 1 907
18 105 " 108*
35 106 109*
104
104
OR la FAN. SeeBCRAN.
Cen Branch D P lstg 4s. 1948 J-D
.
Des Mo A Minn 1st 7s. 1907
EsoanALSuplst8s..l901
Iowa Midland 1 st 8s. . . 1 900
Oar Cent. See Seab A Roan.
Carthage A Ad. SeeNYCAH
OonsolgoldSs
1902
1902
Gold 7s
Bklyn A Montauk. See L Isl.
Brans A West. SeeSavFAW
since
Jan.l.
••mi
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-D
J-D
Q-F
J-D
J-D
F-A
F-A
M-N
Q-N
A-O
A-O
A-O
A-O
M-N
M-N
A-O
A-O
M-N
M-N
F-A
J-J
A-O
M-8
M-8
M-8
M-N
M-N
F-A
J-J
M-8
F-A
M-N
1910
1908
Mineral Point Div 5s.. 1910
1st 80 Minn Div 6s.... 1910
1 st Southwest Div 6s..l 909
97* 102*
98* 101
Wis A Minn Div g 5s.. 1921
Mil A No 1st M L fii. ..1910
B5
91
1913
lstoonsol6s
85*' 91* ChloAN'west—Con 7S..1915
1*11" i'12
Bale
J-J 119*
J-J 121*
92* 97*
Bway A 7th At. SeeMetSRj
1945
1945
J-Ji
Q-JJ
J-JI
J-JI
. . .
Beech Creek.
BuffNTABrie.
J
J
J
J
J
lstHastADDlv7s...l910 J
,
173
173
178
173
115
112
J-J
I
98
Range
Week.
Range or
l ^t Sale.
Ask. Low. High. No. Low. High
Bid.
-J
-j
ChloALBu Dlvg5s..l981
Chlo A Mo Rlv Div 5s. 1926
1910
Chlo A Pao Div 6s
Chlo A P W 1st g 5s. .1931
1916
DakAGtSogSs
1 934
Far A Son assu g 6s.
105* 106
Apr'00
Price
Friday,
Nov. 16.
-J
lstIADBxten7s
st La Crosse A D 5s. .1919
1925 j -j
Registered
Monon Kly 1st gu g
96* 103
98* 101*
78* 88
1001
1.
St
.
105
1925 J - J
1948 A-Ot 100* Bale
1948 A-Ot
Sold 4s
94*
90
5s
Creek A S. See Mloh Cen
Bat
altAOprtorlg3*s.l925
Registered
53
622
A
Chlo Mil A St P oon 7s. 1 905
1914
Terminal gold 5s
Uengold 4s series A... 1989
1989
Registered
Gen gold 3*s series B.1989
1989
Registered
P.
SwCenotNJ.
1995
84
Jt
Ann Arbor lit gii
Atoh T A 8 Fegen g U. .1995 I-O 101*
1995 A-O ••••«
Registered
1995 NOVt
84*
Adjustment g 4i
Page
(5 pages)
BONDS.
N. Y. 8TOCK EXCHANGE
It
Week Ending Nov. 16.
Chlo Milwaukee
SeeHoRy.
la Mid. SeeEav.Fln.AW.
Albany ASusq. SnOAH.
Allegheny Val. S««PeuuCo.
Alabama Cent.
Am Dock A I.
PRICES
Baltimore Consolldat— Be
Bay State Gas—
« Bait.
m
«
Pref
103
106
MCI If 5*
ner ih are.
J
1
.
.
THE CHRONICLE —BOND
1002
Price
Friday,
Nov. 16.
BONDS.
N.Y. STOCK EXCHANGE
Week Ehd»g Nov.
at
a j»
16.
Week's
Range
Range or
since
Jan.
Last Sale.
1.
\20
13r%
102%
139
AW
140
140
136
119
13f%188k
119
NT
122
108%
116%
U7M
• * • • • S
H—
122%
13**
10«%
\»*H
186%
102%
a a a • • a
a-O 115%
Beglitered. ........ ..1906 a-O
1906 A-O iioii
Guar gold 6s
1906 A-O
Registered
1921 M-N 146%
Reng A Bar l«t7e
1921 M-N
Registered
DelRlTRRBge. SeePaRR.
Den A R Grist gold 7s.. 1900 M-N
AlbA8.islstcongu7sl906
1
Oct-'OO
Ocu'9b
Nov'OO
148
102% 107%
138 141%
137%
118%
Aug'fcs
146%May'00
146% 148
141
121
133
141
118
Oct.'00
Sep.'OO
J'ne*99
Oct.'OO
108
9?%
Sale
Oct'00
100
108%
106%
108
105%
Sale
136
131
103% 106
118% 183
118% 113k
147% 148%
148% 148%
13
11
32
103% 104%
96% 100
106 108%
101% 106%
M A Ft D. SuCBslP.
Des
Des M A Minn,
DesMUnRy
See Ch A N W.
1st g 6s... 1917
M-N
J-D
...1996 J-D
Gold 4
Dnl A Iron Range 1st 5S.1937 a- O
1937 a-O
Registered
108% May '00
105
DetMATol. SeeLSAMSo.
Det A Mack lstlleng 4S.1996
85
108
85
83
108
Sale
1916 J .J
Dnl Red
A 8 1st g 6s. 1938 J - J
Dnl So Shore A At g 6s. 1937 J. j 115
East of Minn. SssStPMAM.
astTVaAGa. See.BoRy.
Elgin JolAB 1st g 5s... 1941 M-N 108
3d 6s
W
108% 109%
76% 83%
103
"93%Fe'b\V99
116 Nov'OO
108
Lex A B S. Sm O A O.
Blm Con A No. See Leh ANY.
85
85
Oct.'00
J'ne'00
107
110
•IIIIC
• • • • •
tteees ettaa
115
110
Hlls
1947 M-N
Brlelst*xtg4s
130
2d ext gold 5s... ....... 1919 M-8
1923 M-8 114%
Sdextgold 4%s
1920 A-O
4thextgold 5s
Sthextgold 4s. ...... .1928 J-D
1930 M-8 138 139
1st eonsol gold 7s
1st oonsol gold Id 7s.. 1920 M-8
Brie lsteongispr bds.1996 J -j
91% Sale
....1996 J
Registered
189
143
•e
•••«••
WllkABaslstgug5sl942
A Pitts. 8ee Pa Co.
BsoanALSnp.
37"
"86
116%
104*
136%
mimi
118
109
J-D
ioe
67
lilt
till!
Feb '99
•
116%
•
•*
96
95
118
<
118
118
uct'98
still ••••*
.••••• teen*
115% 130
107% 111
98
99%
90
97%
108% 118
iiiiii lime
Oct.'OO
Apr'00
106% Nov'OO
65
NOT'97
188k
106%
Oct.'OO
• • •
•
mill
105
Fargo A So. SeeChMAStP..
Flint A Pere M g 6s. ...1920 A-O 183
181%
1939 M-N 106
1st oonsol gold 5
105%
Pt Huron Dlv 1st g Ss.1939 A- O 109 109% 108%
.1918
1st
5s.
Pen
J
Fla Cen A
g
J •
II III
100
1st land gr ext gold 5sl930 J - j • ••••• IIMII
1943 J -J »»»».. ••(***
Consol gold 5s
Ft 8 A V B Bge. 8e* StLASF.
Fort St U D Co lstg 4%sl941 J-J
105
Ft
A D O— 1st g 4-6s. 1921 J-D 78 Bale 77
Ft
A Rio Gr 1st g 3-4s. 1928 J-J 63
63
t * t • s
ioe
104
W
Set 8 P Co.
Gal
al HAH of '88 1st Ss.1913 A-O
Ga A Ala Ry 1st pf g 5s. 1945 A-O
1945 J-J1
1st oonsol g 5s
Ga Car A No 1st gn g 6s. 1929 J-J
Georgia Pacific Sm So Ry.
Gila V G A Nor. See So Pao Co
Gouv A Osw. See N Y Cent.
Grand Rap A Ind. Sm Pa Co.
Gray's Pt Term See St L 8W
Han A St J. 8e,0BAQ
ousatonlo. 8t*
NYNH AH.
Hock Yal
1st oon g 4%s.l999
1999
Registered
V 1st ext g 4s. 1948
Col
T. See So Pao.
Honst B A
Horn A Tex Cen. Sm So P Co.
W
Flnols Central-
105
tunc *••
v t7g
••••••
• s
• t t
i
108
106
89
RR.
MKAT
O A Pao. Sm
Kan C Bo 1st g 3s
195
1950
Registered
Kansas Mid. St*
•
BtL A 8
L A N.
KeokADesM. SmORIAP.
Knoxvllle A Ohio. St* 80 Ry.
LakeJBrle A W 1st g6s.l937 J -J
3d gold 5s
1941 J-J
North Ohio 1st gn 5s.. 1945 A-O
L 8 A M 8. Sm N Y Cent.
Leh Val (Pa) ooll g 5s.. 1997 M-N
Registered 5s
1997 M-N
Leh V N Y 1st gug4%s.. 1940 J-J
Registered
....1940 J-J
Leh VTerRy lstgu g6el941 A-O
Registered
1941 A-O
L Y Coal Co let gn g is.. 1988 J-J
Registered
1933 J-J
Leh A N Y 1st gu g 4s. ..1945 M-8
Registered
1945 M-8
BlCANlstg Istpf8s.l914 A-O
Gold guar 5s
...1914 A O
Leh A Hud R. See Cen of N J
Leh A Wllkesb. Sm Cent NJ
Leroy A Caney Yai. Sm Mo P.
Lex Av A P V. Sm Met St Ry.
Long Dock. Sm Brie.
183k
108%
110
100
...... «*••)
...... .u.»
70
55
78
63
103
100
104%
Deo '98
Feb '00
III!
10
*
89
Long Island—
lsteong 5s.....
lstoong 4s
1981
1931
1938
1923
1951 J -J
NO
.
101%
Sale
Hill
89
99% 99%
103% 340
98
105% Nov'OO
115%
:
i
a 4 a
i
106%
•••%••
IMM
III!
I
a
t • a a a •
110
103
108%
108
••till •••••
Mill •§••!
• •••I
s • I II
•••••
iiimi 103
••••••
eta*
•*•••• iiiiii
a
a a a
i
i
101%
'
108
Basex A Hudson Gas
Fort Wayne (Ind)
,
1st 6s 1935
JAJ
Bid.
85
88
00
Grand Rapids— Stock
100
1st 5s 1915
FAA 1 99
Hartford (Ct) Gas L... 36 t 48
Hudson Co Gas
85
5sgl949
108
Indiana Nat A 111 Gas—
1st 6s 1908
MAN 60
Indianapolis Gas— Stook.
70
MAN
Ask.
h. llsu
97%
40
45
66
100
100k
61
40
103
69
80
100
116
108%Apr.'98
• • e • e t
• ••it<
114
118% 113%
104% 106%
•••••• •••••I
*•*)••« ••••••
J'ne'00
113% Mar'00
106% Oct.'00
tMMi
III*
Ang'00
104%Jan.'99
108% Nov'OO
98 Jan-'OO
100
101
98
104
98
101%
Oct.'00
100
103%
133
May'99
I
OUT8IDE SECURITIES
N Y Bxo
68%
II
106
•••II !••••
I I
•
!•••
s •
1
-
1
••
Loganspt A Wab Yal—
1st 6s 1935
JAD
Madison (Wis) Gas— Btck
1st 6s 1936
AAO
Newark Gas 8s 1914
Newark Consol Gas ..100
0s 1948
JAD
New Bng Gas A C— SmBo
Ask.
40
99% 101
Laclede Gas— N T Stook Bxou.
Lafayette (Ind) Gat
40
1st 6s 1934
MAN 61
00
70
!105
1189
100k
188
101
Sep.'OO
105% i05%
102%
Ang'00
108% 103%
1U3% Its
Oct-'OO
108% 110%
120k
93
59
116
2 119% 123
94
83
8
03
11
54
110
31 111
70
01
123
68% 68k
Oct.*00
• I
1 • •
111
•
••••
-
40
03
08
79
107
60
1103
108
stonL
1st.
116% 188%
103% 119
118%
SB 110
Ang'98
104
108
••••••
1
113
Ill
106% 110%
110%Oct.'00
108% Nov'99
113 J'ly'00
•
118
109% Oct.*99
••in 103% Nov'99
••••e;
•••III ••••••
"™ •••III
••••*• •••!•
iiiiii .•••••
98
••
•
_ • •
•... »*«<
...... *•»*•
••••••
•••••i
I
HIM
91% 99%
Sep.'OO
III!
"Mil
...... *•«•••
...... «•»»«
••••*
»••••
•
101%8ep.'99
181
•
Hill 180
Oct.'00
Oct '00
J-D
Oct-'OO
• • * • a 4
....,,,1940
BH
118
LClnALexg4%i...l93l M-N
118
• • • • •
••!••
1980
Kintuoky Gent g 4s. . .1987
LANAMAMlstg 4%s.l945
Pens
..1937
A Atl Istgug6s.l931
B AN A oon gng 6s.. ..1936
Blnkld (BAN A) g 6s. .1910
L * Jiff Bgi 00 gng 4i . 1945
1990
Registered
Metropol Bl Istg6s...l908
Man BWOolonltg_5s..l934
If iK'pt A B V. fissP MORAY
BltropoUtan BL Sm Man Ry,
.
.191
Income g 8s.. .1989
. 1939
td eon lnoome g 8s
. . .
1917
5s
3d series g 5s ,,,,..1919
oon
4s.'77
g
4IX Diternatlst
1937
Mix Nat 1st gold 6
Cp stmpd .1917
Id lno 6s
quip A ooll g
106
May'00
10
110%
989
23
110%
^
1M
"•j
101
98%
100% 111k
98%
103%
98%
106
105
...... ••••••
••••••
103%
»••*
11U
i'0'5'
118
110% Nov'OO
99%
99%
10
2
115
115
103
180
117
108%
••••I
Jan.'99
4
Jan '98
Nov'OO
Oct.'00
109% Nov'99
186% Sep.'OO
96%
100
108% 104%
111% 115
187
117
130
117
•••ill
•
188
•MM
197
08%
95% ttz
107%
107
}?»
IIP
99
105%
109
110%
,
• a a
Sale
A-O
J-J 115%,
J-D
J-J
A-O
A-O
M-8
J-D
88
81
87%
13%
J'lyl
J'lyl
108%
105% 902
116%
117
118
117
88
Nov'OO
70
88
88% 864
18% 76
37%
13%
Sale
Sale
T
11*
•
65%
84%
Bale
......
8
Sd lnoome gold 6s B..1917 An.l
Mex North 1st gold 6s.. 1910 J-D 108
••••••
84%
108% Apr'OC
Apr '00
81
18% J'ly'00
110
105
*
•
...,
J-D
NY
103
•
Aug'OO
63% Oct.'00
M-S
96%
J-J 98% Sale 98%
107%Jan.'00
M-8 •••••• «•••••
J'ly'00
108
109%
nun
F-A
111% 1H%
F-A no*
109 OcVOO
F-A 110
aa
lilt..
A-O •••••I ••••••
M-8 •••••• ••••! 96% Oot.'99
M-St
1910
Registered
Cent.
•IlebCent. Sm
Bid of N J. See Brie.
96
••••••
80
08
A
188
97% 105
lll%Oct.'00
if ,...,1930 J -J 187%
.,...1930 J -J 110
Pinsacola dlv gold 6s. 1930 M-8 110%
1981 M-8 '188
BtL dlv lstg 6s.
180
100
38
86
98%
»••«••
•••••a •••III
•••••• ••!•••
NOAMlstg
NFlaASlstgng5s
Nov'OO
108
TOO
M-8 100%
J-D •••••• ••••« 100
96
90
Sale
M-8
•••I
J-D 95
M-8 116 120 ••••IS
110
M-S 108
107
A-O 107
107
105
M-8
g-o 108 111 110%
M-N 110
J-J •74774
J-J ••••'•
M-N 108%
A-O 98%
M-8 103%
J-D •113
• • • a
a t 1 a
•
1940
Registered
..1931
Ooll trust g 5s
Col tr 6-30 g 4s ....1903-18
1907
Cecil Br 7s
A Nash lstg 6s... 1919
2dg3
Oct.'00
••III*
27
•
•
III
III
May'00
103
108%
81
19
fl
17
106
106%
SMOhloANW
MLSAW. SMOhloANW
till A Mad.
BIlANorth. See Oh MA St P
A St P. Sm Oh MA
St
P
dm August, t Due April. IDueJanuary. 1 Due Ootober.
(Given at foot of 7 oonseoutivb pages).— GAS, TEL.
Bid.
190%
135
138
100
125%
Sep.'OO
117%Oct.*00
111
110
tBoad
6m
119% 181
,
'
¥11
Securities.
Kansas City Gas
100
5s 1983
AAO
Ang'00
Nov'98
128k Nov'OO
118
113
MahonCoal. Sm LB AM 8.
anhattan Ry oon 4s. 1990 A-O 104%
Uiese are latest hie end asked this week.
Hgcurliieg.
68
• a a • a
104
-D •108
General gold 4s..
Firry 1st gold 4%
Gold 4s..
,,,1933
Unified g 4s,
.1949
Debenture gold 6s.. ...1934
Bklyn A Mon 1st g 6s. 1911
lBt Oliin >»•••• ••• • «• It'll
B oong 5s.. 1935
NY B
lstg 5
1937
Mex Cent oon gold 4s.
1951 J -J
Registered.....
1st gold 3%s. ....... ...1961 J-J
Register ed....,,.,.c.l951 J -J
lstgold 3s sterling.,.. 1951 M-B
Registered
,.,..1951 M-8
1952 A-O
CollTrust gold 4s
Registered
....1952 A-O
L
A Tex gold 4s.. 1958 M-N
1958 M-N
Registered
Cairo Bridge gold 4s. .1950 J-D
1950 J-D
Registered
Louisville Dlv g 8%s 196 M J-J
1953 J-J
Registered
Middle Dlv reg 5s..... 1981 F-A
Sale
183
117
110
Jl
J!
LNAAO. SmOIAL.
J-J 108%
J-J
A-O 105
111
6S%
68%
••••J
Sdgolde
Mar '98
131
114
Oct.'00
.
Unified g 4s
78
63
••>•«• •••114
i,
ISO
103
10F
100
a
109
100
Nov'OO
See Brie.
Oct.'00
Bep.'OO
Oct.'00
Sep.'OO
seat
'99% ioi"
Oct.'00
O0t.'99
KalAAGR. SmLSAMB.
an A Mloh. Sm Tol A O C.
RCA MRAB lstgngSa.1939
A-O
Kan
Bep.'OO
99% Jan.'00
asses
Jefferson
93%
eo
Oct.'00
W
1st oon
ist gold 4s
*»onrloe Friday
100
91
91
1951 J-J
1951 J-J
Gold 3%s
1W51 J-J •101% 103 103
101%
Registered
1951 J-J
Spring Dlv lstg 3%s. 1951 J -J .«••• Mill' 100
Registered
1951 J-J
Western Line 1st g 4s.l951 F-A 112% U8% 118
Registered
1951 F-A
131
BeUevAOarlstfls....l93S J-D 184
Garb AS lstg 4s
"O aaaata 90
1983 M-8
iar%
Ohio BtL
Og5s..l951 J-D 128% Bale
132
Registered
1951 J-D
100%
Gold 3%s
1951 J-D 100
Registered
1951 J-D
105%
Mem Dlv lstgls... .1951 J-D 106%
Registered
1951 J-D
BtL Sou 1st gug4»... 1981 M-8 108% Sale 108%
lad Deo A
106
1st g 6s. . ..1935 J -J 103
103H
lstguarg 5s
1935 J-J 100
lnd 111 A la 1st ref g 5s.. 1948 A-O
107
Int A Great Nor—
1st gold 6s....
138
,.1919 M-N
124k 180%
3d gold 5s
92
91% 98
1909 M-S
3d gold 4s... ...... .....1831 M-S
59
58
58
Iowa Central lstgold 6s.l938 J-D 116 Sale 115
Iowa Midland. Bit Oh AN W.
Registered,..,
AM
NY ABB
106%
Low. High
Ask. Low. High.
Bid.
Cen. (Con)
St Louis Dlv g 3s
L
111
NorBhblstoonggu6s..'32
180 185%
LaAMoRlv. SssOhlAAlt.
102% 110
Louisville A Nashville—
*•••*• ••«...
General gold 6s....... 1980
...... ......
1937
ttold 5s
100 108
W Har A. S A.
1st 8s 1930
a a a a *
Sep.'OO
• » t t a *
6ai
III
117%
104% 104%
136% 139%
MMII
...,
• •
mi inn
SmCANW.
ATH
Detroit U.ia-SM
'i'a"
10 114
Oct-'OO
J'ne'00
109% Oct.'00
99% J'ne'00
Bureka Springs 1st g 6s. 1938 F- A tests
••
1st oon 6s... ..1981 JBv
•••••• lwtf
1943 A- o ioe
1st general gold 5
1933 A-O
Mt Vernon 1st 6
est**
Snll OoBr'oh 1st g 5s.. 1980 A-O
Br&Icdlstoongiag 6S..1926 J.J 10E 110
AH
119%
116%
183%
75%
a • a a a
il5% Oct.v00
119
F-A 94
F-A 94
M-N 109%
M-N •••III
74% 815
a » a a a a
a
MldRRofNJ 1st g 6s-. 1910 A-O 115
N T 8 A W-lSt ref 5S.1937 J - J 109
•
140
NTs
Brie
91%
118
184% 14 3"
15
Deo '98
73%
Sale
W
1937
1940
General g 5s
Terminal lstgOs.... 1943
Regls85,000 each. 1948
116%
119%
113%
183%
9314 May'9W
78%
ABrlelst7s.l916 J-D •183
Buff
gold 6
1908 J•108
Buff A 8
1908 J -J
Small
Ohio A Brie lstg 5s... 1982 M-N 115%
Jeff BR 1st gn gold Ss.1909 A-O'i 108
Long Dookoon gold 6S.1935 A-O
Coal A RR 1st o gn 6s. 1932 M-N ••••• • • • n
Dock A Imp 1st our 6s.l918 J - J 116 .....
Green L gu g 5s. 1946 M-N • •• • s s #•••
1946 M-N • • • a a
Small
2dgOld4%s
189
90%
-J
lstoongenlleng4s....l996 J -J
1996 J -J
Registered
NY
117% J'ly'00
119% Jan-'OO
114% 8ep.'00
123% Mar' 00
1C6% Apr'99
sine*
/an.
Last Sale.
Kentucky Cent St*
107% 113
109
at
Range
Week's
Range or
AN
141
181
1U%115
111%
118% Aug'00
148* J'ly'00
148% J'ly'00
1936 j . j 100
lsteong4s
1st con g 4k*
1936 J -j 106
Improvement gold 5s. 1938 j-D 106%
RloGSogD. SeeRioGrSo.
182% 124k
133
116
Oct.'00
Oct.'00
108
i
146
8
5
[Vol. LXil.
2.
Price
Friday,
Nov. 16.
BONDS.
Ask. Low. High. No. Low. High
Bid.
Pagk
(5 pages)
N.Y. STOCK EXCHANGE
Week Ending Nov. 16.
S*i
Del Lack A Western 7I..1907 m
Morris A Bssex lit 7s. 191 4 M-N
1871-1901 A-O
7s
1915 J -D
lstoongnar 7a
1916 J-D
Reentered
N T Lack
lit 6».. 1921 j.j
1928 F- A
Construction St
1923 M-N
Term A impt 4s
8yr Bing &
lit 7S.1906 A- O
1900 a-O
Warren 8d7s
Del A
IstPa Dlv7s.l917 M- 8
1917 m-S
Registered
PRICES
.
Gae
Securities.
A Ind Con Nat A 111—
Ohlo&Ind— 1st 6s '86JAD
Peoples Gas A Coke— N Y
Philadelphia Co— Sm Boa
Ohio
6
Provldenoe Gas.
StJoaeph (Mo)
JAJ
5s 1937
8' Paul Gas— Stook
Consol 5s 1944.... MAS
Syracuse Gas— Stook.
JAJ
Ist6sl946
Western Gas (Mllw)
•s— See N
Y
St
Bx
list
Bid.
Ask.
98
64
83
56
Stook Bxoh
ton L 1st.
t
(
i
94
80
93
91%
&
lELJSPff.,
Teleg. oV Teleph.
Teles;. St Telepb.
American Dist Tele— NY
Bell Teleph. of Buffalo..
Central A South Amer....
A
Poto Teleph— 8tk
JAJ
5s 1909-89
O ammerci al Cable
Commer Union Tel (NT).
Ones
88
7% 11
79
80% B nplre A Bay State Tel
Brie Teleg A Telep— See
8% 10
87
99
90
98
lOpttoa
IDueJily.
<*^
Bid.
107
70
170
196
8
list
Franklin
ie
And
tPrtos
are,
I
interest.
Nov.
JJ
1
.
THE CHRONICLE -BOND
17, 1900.]
BONDS.
JT.T. STOCK EXCHANG E
is
Week Endiwg Nov. 16.
Minn A Bt li— lit g 7i 1937 J-D
Iowa ex lit gold 7i... 1909 J-D
8ontli West ex 1st g 7s. '10 J-D
Pacific ex lit gold 6i 1 931 A-0
1931 M-N
lit com gold Si
. .
.
and remiid.
lit
4s. ...1949
Min AStLgu. 8mBOK4N
M 4 P 1st 5s st 4s lnt ga..'36
MS8MAAlstg4slntgu.'26
M BtPASSM con g 4i lnt gu'38
MtnnUn. 8e* 8t P M A M.
MoKanATex— Istg4s.l990
1990
1944
8d gold 4i
lit exten gold Pi
.
..
BoonevBdgOogug7s..'06
Dal* Wa lit go g 51.1940
MKATofTlstgug5s.*42
SherShASou lstgug5s.'48
K O * Pac lit g 4o. ... 1990
A Neosho 1st 7s. 1903
Mo KA B lit gag 5I...1942
1906
Mo Pao— id 7s
Tebo
Price
Friday,
Nov. 16.
Week's
Jan.
1.
Atk Low. High No. Low. High
Bid.
146
123
124
123
,
,
128
,
116%
M-S 97
J-J MMM
J-J •sees*
J-J •••«•
J-D 94
F-A
71
M-N 93
irc-N
M-N 89
M-8 94
J-D
F-A 80
J-D
A-O 104
M-N 113
M-N 117
•
May'00
183* May'00
182* Aug'00
184* 124*
149
143*
122*
122*
1
134*
14 111*
* Y Ohio
119
N
IIIMI •*•••*
sseees
MIMI
**•••# •*••••
tint •sets*
•••••
llllll itssts
*••••• Mills
97* 160
ssseei
89
69
71* 623
215
93
89%
100% Nov'99
93*
Bale
Bale
Sale
94%
90
8ep.'00
92%
99*
82*
Bale
38
83* *38
76
94
I*
Week's
Last
90
94
N Y A North. 8*4 N Y O A H.
N Y O A W. Ref 1st g 4sl992
Regis #6,000 only... 1992
92* 99* NYAPut. SssNYOAH.
83* N Y A R B. 8*4 Long It!
NYSAW. Sss Brie.
N Y Tex A M. 8*e So Pao Co.
3 102
105
106
5 113
113
116* Nor A South 1st g 5s. .... 1941
152 114% 121* Norf A West— Gen g 6S.1931
118
192 94 101%
New River 1st g 6
1938
100
ImprvmtAext g6s...l9S4
99* 97 90
99* N A WRy Istoong4s.l996
sines
Jan,
BO*
1.
Ask Low. High No. Low. High
106* 106% 37 104* 108*
Sale
Y Laok AW. B*» D L A W
NY LB AW. Sss Brie.
NYANB. 8*4 NYNHAH
N Y N H A Hart lstreg 4s. '03 J-D
Convert deb oerti *1,000
Small oertfsSlOO
Houiatonlo R oon g 6s. 1937
N H A Derby oon Ss... 1918
N YANBlst7s
1905
1905
1st 6
Sale.
Rang*
3
106
May'00
104*
Oct.'fl7
103* 105
185% 195
185
189%
A-0 •MM 1 U5 195 Nov'00
SSMII ••••• 189 Aug'00
138 Nov'00
M-N 181
M-N 118*
hi" Jan.v00
J-J 114*
J-J 110%.... 113 J'ly'S
•
183
188
114
114
103
101
,
104
M-Bll
10
105
104
....,,
101* Nov'98
M-S
Oet.*00
»
105
113
116
SSMII
88* 94%
64
71*
89
95%
90
88
• t
99%
93
1003
Range or
1937
Registered
123*
182* N Y A Greenw Lake. 8** Hrie
NTs Har. 8** N Y O A Hud.
128
116*
98
106%
A Bt L litg 41.1937
.
3.
Price
Friday,
Nov. 16.
Bid.
151
115*
96*
Bale
Page
(5 pages)
BONDS.
N. Y. STOCK EXCHANGE
Week Ending Nov. 16.
since
Last Sale.
1930
1917 M-at
99* Sale
1917 M-8t
Registered
1920 F-A
97
lit ooll gc!3 5s
1920 F-A
Keglitered
LeroyAOVAL lstg5s'28 J-J
Pac B of Mo lit ex g4i. '38 F-A
3d extended gold Si. 1938 J-J '115%
St Lout! A Iron Mount—
lit con a 6i
Trustg 3|
Range
Range or
PRICES
—
.
116%
99*
98
t
*
•
M-N 110 ..., 118 Sep.'00
M-N 130 .... 133* Oot.'OO
131*
A-0 189 131* 131
89 Oct.'00
F-A 131 184
A-O 99* Bale 98* 99*
97% J'ly '00
A-O
A-O
101 Feb '97
J-J 106
101
102
M-N •100*
1
1996
1996
gug5s....l922
106*
105% 106*
116*Sep.'00
112*115* Bolo VAN Blitgug4i.l989
North Illinois. S«»Chl A
GenoonrrAldgrtg5i'31
A-0 111* Sale 111* 111* 101 108 113* North Ohio. Sss L Brie
1
6
3
Gen oon itam p gtd g
A-O 110 111* 110 Nov'00
109 113* Northern Pacific—
1929 J-J
Unif Arof g4s
554
81* Sale 81
83
76
84* Prior lien r Algg4»..1997 Q-J 104% Sale
1929 J-J •••«•• 11*1 «!•*•* Hit
Registered
Registered
1997 Q-J
•••If MIMI
lit g Si.. '26 M-a
Verd V I A
Generalllen g8s
8047 Q-F+ "id" Bale
•MM • sees sees esse
•-III! «*••<
8047
MlssRlvBdge. 8m Ohio A Alt
Registered
Bt P A N P gen g 6s. .1933 ffl 13*6"
Mob ABinn prlorlieng Si.'4S J-J no
110* J'ly '00
110*110*
1945 J-J * 86
Mortgage gold 4i
90
Registered otfs
1933 O-F
1945 J-J
Small
StPanlADnllst5s...l931 F-A 183
2d 6s
1917 A-O 110*
Mob Jack AKC litg Ss.1946 J-D
lit oog 4s
1968 J-D 100
Mob A Ohio new gold 6s..'27 J-D 139 Sale 129
189
130 129
1927
gold
externum
6s.
1st
Waih Cent 1st g 4s. . .1948
89*
Q-J* 118
120* J'ly'00
120* 126
3-3 115*
1938 M-8
Nor
Pao
Ter
General gold 4
Co
1st
86* Sale 86
30
6S.1933
g
86*
83
87
MontgomDlT litg 5i. 1947 F-A 109*
Nor
Ry
Oal.
Be*
Pao.
8o.
33
108* 108*
106* 109*
Nor Wis. SssOStPMAO.
St L A Cairo gu g 4i .1931 J -J
Nor A Mont. SssN.Y.Cent.
Mohawk A Mai. Sss N Y O A H
94
J'ne'00
8ep.'00
93
Registered
Bmall
94
OOATls
NW
AW
110
139
3 130
129
295 9(1*
114*
136
138
129%
»»*
97% 97%
101
96
18
'
W
104*
ro4%
•
•
105
70*
70
• •
320 108*
101
Sep.'OO
63%
65* 11*
1082
65* Oct.'00
131* May'00
'.',','.',
.
132
124
131* 183*
• MM ••mm
J'ly '99
134
113
Oct,'00
111'* Oct.*00
124
109
100* Aug'00
88% May'00
115* 115*
113
120
110
95
75
J'ly'00
109
90
60
110
9f
77
110
110
106
Oct.'00
97* 100*
88% 88%
.
Monongahela kit. Be* B A O
Mont Gent. B*» St P M A M.
Morgan'sLaAT. Sss 8 POo.
Morris A Bssex. SesDelLAW
NaihOhatAStL lst7s.'18 J
lad AW.
General gold
Om A St L
-J
1901 J-J
8d6l
1928 A-0
lit oon gold Si
lit gold 6s Jasper Boh. 1923 J -J
A A1.1917 J-J
lit 6s MoM M
1917 J-J
lst6sTAPb
8hoi
fin LAN
Naih Flor A
W
130* 130*
M
100*
105% ...
107*
180
•••*'
I
110
....
no
120
107*
Deo '99
113
HUM
» • t
Ore Short Line
NewAOtnBdge. SssPennOc
NOANBpriorlieng6s.l915 A-OI
Man Bh.
HR
St*
L I.
J-J 109*110
1903 J -j 107%
Registered
...1997 J- J *109*
G3*s. .......
1997 j-j
Reglitered.
1884-1904
5sof.
Debenture
M-8 104%
Reglitered. ...1884-1904 M-8 105
Sale
1889-1904 M- 8 104*
Reg deb Si of
Debenture g 4s.. 1890-1905 J-D 103
1890-1905 J -D 102*
Reglitered
Debtoertiextg 4s. ...1905 M-N 101
1905 M-N 100*
Registered
Lake Shore ool g 3*s. 1998 F- A 97% Sale
1998 F-A
Registered
WO
••
Mloh Cent ooll g 3*s..l998 F-A
97* Sale
1998
Registered
F-A
Beeoh Crk 1st gu g 4s. 1936 J-J io9* ;;;;.;
1936 J-J
Registered
1936 J-J
3d gn gold 6s
1936 jRegistered
•••It* sites*
Ad
lit
gn
g4«.1981 J-D •Mil *IIMI
Cart A
. . .
j
(
4 • e e
•
Bitnm Coal Corp
lstsflntgug4sserA.*40 J
110
Nov'00
108*
109%
Bep.'OO
Bep.'OO
110
Ang'00
105
105
104%
108% 118
108*111
108 111*
110
102% 108
106 107%
Not'00
....
104% Feb.'99
4
101% 103%
SUM Ml M
101 103%
109* Bep.'97
103
101
Nov'00
103*
97*
95*
97*
J'ly '00
96
Sep.'oo
•
GouvAOswelstgug5s.'42
MohAMallstgug4s.l991
N J Jnno R gn
1st 4s . 1986
J
- j
-J
109* Ang'00
F- A 105
F-A
NYAPutlstoongug4s.'93 A-O
Nor A Mont 1st gn g 5s. '16 A- O 117*
West Shore lit 4s gu. 3361 J-J lit* Sale
•••••
I • • •
• S S I t 1
•
Mill
• • t t
SIMM MM9
J-D
OlnABlstgLSAMS7s'01 A-0
Registered
Det Mon
F-
A
117
KAAGR lit go 51.1938 J -J
MahonC'IRR lit 51.1934 J-J 137
FlttlMoKAY— lstgu6s.'32 J-J 141
Id guar 6s
1934 J133
Vlstg6i.'18
Mloh Cent— 1st oon 7sl902
lit oon 6s
1902
6s
1909
1931
1981
1940
1940
6s
Registered
4s
Registered
3000
A North litg Si.. 1927
Registered
R
131
106% 107*
Feb '00
103
MMM
M-N eeeeee
A-O 120*
W AOgoon litext5i.'22 A-O*
136
114*
•
111
130
104%
Bale
105
104
131
136
......
Sep.'OC
Ang'00
Oct.'00
100
108
tuns
Teleph.
Bid.
Stock
116
Bonds
90
Hndson River Telephone 115
Internatlon Ocean...,,... 116
Mexican Telegraph.
315
Mexican Telephone— Bee Bosto
Jew Bng Telep.— See Bos ton lis
Northwestern Telegraph. 188
J Telephone.... 165
NY AN
•S«1980
PaolfloA Atlantic
MAN
Provldenoe Telephone. .
Southern A Atlantic
Ask.
118
130
118
835
nlist.
t.
187
175
111% 112*
75
95
90
96
100
104* 109%
12
Pine Creek reg guar 6s. . 1933
PlttsCinABtL. Sss Penn Co.
p o O A Bt L. B*» Pens Oo.
J-D
ClevATol 1st g6s.. 1922
PtttsFtWACh. SisPennOo.
A-O
J-J
Jan.'00
Jan.'98
115% May'00
••
1
• • • •
" OctVoo
137* 186
Oct.'00
» 1 1 t » t
•
Jnno 1st g 6s
1922
t
<fc
Teleg Telep
Telcph.
A
Bid.
Cable— Bee Phila
Dne July.
Ask.
list.
West'n Union Teleg— N Y Stock Bxch
Electric Companies.
165 170
Allegheny Co Light Co..
46
41
Brush Blectrlo Co
Consol Blectrto Storage.
Bddy Electric Mfg Co.. 25
11
t
•
» . » *
14
14
Hdlson El 111 Co NY— N Y Stook Bxoh
Bdison Bl 111 Co Brk— N Y Stock Bxch
11
9
Bdlson Ore Milling Co.
2%
3%
Bleotro-Pneumatlo Trans
30
80
Fort WayneBleo.Co es..
85
16
Series A
J'ly'00
103*Mar'00 MM
121
Oct.'00
108
Nov'00
MMM
•
• •
Oct. '00
Sep.'OO
113
109
Nov'98
Apr'00
108%
101*108
•
•!•••
MMI
MIM4
117*
131
103
117* 181
1
MMI
•MM
116
i
181
•
MMM
MMM
117%
113% 117%
114
101% J'ly '00
136* Oct. '00
186* Ang'00
108* 109
100 101%
135 139*
135* 186
131
108
J'ly'00
131
May'97
• •
111
Ang'00
MM
184
DlltC
111
117
33
Jan/00
S3
S3
180
101
137
• •MM •MMi
Ang'00
112% Mar'00
103
133
98
•
Ml
• t *
NOT'97
» I • t
Oct.'OO
MM
NOT'97
•
107*
O0t.'98
131
NOT'98
90
J'ne'99
J'ly'00
Jan.'00
Oct.*00
•••
130
98
180%
......
IIMH
101
. .
.
*
Nov'98
117
Mill
Dm Jan.
Oct.'00
117" May'b'd
,
,
116*
87%
100*
100*
Sale
I
Due June.
.
.
I
Due Mar.
1
Dm Not
• I •
1 • I
113*118*
I
99% 101
99* 101%
81
10%
87% 88
100*
89
89% 778
88
88
2
a Thin
an option Ml**
BLEC, FERRY
Companies. Bid. Ask. Ferry Co"'oai'tes.
General Nlectrio Co— N Y Stook Bxoh
.ferry Companies.
Brooklyn Ferry-Stock
Do pref .— See Boston L ist.
NYABlstSslGU.J&J
Hartford (Ct) Bleo Lt Co. 165
18
Con Ss'48-jS«« Stock Bx
Mo Bdison Bleotrio
14
Metropolitan Ferry— 5s..
63
Do preferred....,
60
Narragan. (Ptov)BI Co.50 t 93* -till
N Y A N J Fern
Rhode Island Bleo ProCo. 119
I
21
United Blectrto of N J.
N Y A B B Ferry— Stook.
19
1ft 5s 1932. MAN ....
74
4s 1989
78
>boken— atooir.
United Bleo Lt&P Co pref SssBal to list N Y A
HobF'y st 5s.'46MA^
4*4 1929— Bee Balto 11 St.
Woonsooket (R I) Bl Co..
85
Electric
>
•
Mil
• I
<
99* 105
98%
88% Sep.'OO
Bale
(Given at foot of 7 consecutive pages).— TEL.,
Tel eg.
116
103
131
106
111*117*
111*118
Pitts
•
t e t e
116%
116*
IM 131
test
• •••
• •••
108
14
113%
•••••*
Reading Co gen g 4s. .. 1 997 J-J "88%
Registered
122*
1997 J-J
125% 189* leniselaer A Sar. Ss* D A H.
•leh
Dan.
A
Bet
Ry.
South
MIMI MIMI
MMI ••••• Rio Gr West 1st g 4s. 1939 J-J 99*
Utah Cent 1st gn g 4s.l917 A-Ot 88
108 110
•
• • • •
18*1
Pitts
•Mtts
104% 110%
108
109
A L Brie— 3d g 5s 1 938 A-Ot 113
MoKeesAY. See N YCen
PlttsP AF 1st g5s
1916 J-J 100
127* 187* Pitts 8h A LBlstg5l.. 1940 A-O 114
lsteonsolgold 5s
106 105
1943 J-J
'IttsAWest Istg4s...l917 J-J 100*
J P M A Co oertfs
116% 116% Pitts Y A Ashlstoon Ssl 927. M-N
•
•
•••••!
OUTSIDE SECURITIES
A
114
MM 103% 104%
tit 119* 131
MM 126 138
1
Teles:, de
115*
i'89" 136'
127* Nov'00
•
Sold
102
111*116* •ensaooiaAAt. Bt* LA Nash
Ml 111*114% Peoria Deo A Evansv—
3d g 6s tr reo 1st pd... .1926 M-N
30 109*111%
110* 110* PloABast. SiaOOOA StL
PioAPikUnlstg6s...l921 Q-F
>dg4*s
Feb., 1921 M-N
119 131
130
R 3d gn g 6s. .1915 F-AI *••••• MMM 118 Apr'99
BWAOTRlstgugSs.l8M-N MM ••••<• ** Ml
Utlea A Blk Rivgu g 4s. '22 J-J no*
no oct,*oo
•No prlie Friday these an latest bid and asked this week,
Oswe A
35 110
14 110
106
M-N
PennCo—Gn 1st g 4*s. 1921 J -J 116% Sale
Registered
1931 J-J
Gtd3*sool trust reg.1937 M-8
C BtLAPlstoongSs.1932 A-O i'1'7" .'!"!
Registered
1932 A-O
Olev A Pitts cons f 7s. 1900 M-N
Gengng4*ssir'sA.1942 J-J 122
Series B.
1942 A-O '121
Series C 3*s
1948 M-N
rleAPittgug3*sB.1940 J-J
SeriesC
1940 J-J ...... .,..••
N A CBdgegengug 4*s.'45 J-J ...... .....
P C O A St L oongu g 4*1SeriesA.
1940 A-O 115* 117
Series Bgnar
1942 A-0 115*jll7
Series Ognar
1942 M-N
Series D 4s guar
1945 M-N
Series B guar 3*s ..1949 F-A
•eeii >«•••
Pitts Ft W A O llt7s. 1912 J -J 186*
Sd7s
1912 J-J 135 138
>d7s
1912 A-O* 131
PinnRRlst real esg 41.1983 M-N •Ml* MIMI
Oonsterlingg 6s
1B0S J-J
Con onrrenoy 6s reg.. .1905 Q-Ml
Cong 5s
1919 M-8
Registered.
1919
Cong 4s
1943 Ml-N
GrRAl exist gng4*s.l94i J-J
01 A Mar 1st gn g 4*s.l935 M-N
DRRRABgelstgu4sg.'S6 F-A
AUegh Yalgengug4s.l942 M-8
Sun A Lewis 1st g 4s.. 1936 J-J
UNJBRACangen4s.l944 M-8 115
Pitts
J-J 136
M-N 105
M-N 100*
M- 8
M-8 127
Q-M >••••
J -J 108*
J -j
BatO AStlstgng3s.'89 J-D
NY A Harlem g 8*1 8000 M-N
NY
J'ly'00
103
110*Mar'00
108* Deo'97
119* J'ne'00
....1997
A Tol 1st 7sl908
MoKeeAB
107*
111
Apr '00
...1910
•
J'ly '98
112% 113
118 Nov'00
112% Nov'00
.
Mill
•
Mill
114
3361 J -j 113
Lake Shore oon 3d 7s 1 90 3 J - D •113*
1903 j-D
Registered
Gold 3*s
1997 J-D 110
Reglitered
110*
teste
1986
Registered
98
98
97
J'ne'98
96
J-D
M-8
ISM MIIIS
95* 99
93
7 95
94
108
97* "
106
>
•
97* 184
Oot.*00
Clearfield
Small bondi ieriei B. .'40
110
13
105
Aug'00
SesUnPao
NYC
Sfsubsidyg6s
Iit7i..l903
75
OOFAStP. SmOiNW
1st g5s.l946 J-D 108%
Pao OoastOo—
aeof Missouri. 8** Mo Pao
Panama lstsfg4*s.. ..1917 A-O 103
.
Bkln A
Cent A
92*..
Oswego A Rome. Ss*
SIMM MM*
t
Deo'99
111
....
* *
1901
1st g 4s
A-0
J-J
126
J'ly'00
<
6s.. ...... 1937
130* Ore A Oal. 8*4 So Pao Co.
100* 100s Ore Ry A Nav See Un Pao
104*109 Ore RR A Nav 8ee Cn Pao
ISO*
NewHAD. SmNYNHAH
N J Jnno RR. 8** N Y Cent.
NY
NY
SssOOOABtL.
0>bio RiverRR 1st g 5sl936 J-D
interait.
tPr.ne
Ask
19
81
116
108
110
106* 107
• I
•Ana
Bid.
list.
.
H
do
i
69
96
80
mi
11
98
8»
118
93% 95
!>•'
•
are
.
A
«
.
•
THE CHRONICLE -BOND
IO(M
Price
Friday,
Nov. 16.
BONDS.
P.T.BTOCK EXCHANGE
Wiek Ending Nov.
ft
16
Bid.
Jan.
1.
Week Ending Nov.
92*
94
Southern— (Con)
Virginia Mid ser
81
94
Series
K
8maU
Series F
Series
90*
UoAGllstg 3-4I...1947
L A Cal. 8m Mob A Ohio
8t L 4 Iron Mount. See M P
LKOAN. See Wabash.
LMBr. SeeTRRAofSt'
St Louis 4 Ban Francisco—
9C*
88
Bale
90*
81
49
L
L
110*
110
11054
110* Noy'OO
HOJ^Noy'OO
no*
120
118
85
100
.
W
A-O
—
,1938
Bt PA Nor Pao. Sm Nor Pao
ItP 48'xOlty.SeeOStPMAO
BlePres
4Ph
F4W
UtgSi
Bay
1st
W
8eab4Boalst0s
BUSOca&G SmSbtF&W
4 So
.
*
131
93
108
118
104*
104*
16
1
131*
Apr '00
131*
116
Apr'97
188
Sale
117*
Oct. 00
180
Apr '99
118
Sale
• i » »
117*181*
••
128
10
• •
120*
J'ne'00
Jan.'OG
123
Deo'99
100
88
8ep.'00
83
85
99*
8C*
83*
1111
7
29
Bale
99
Sale
99* J'ne'00
84*
35* 339
ii2* iis* 110
J-D
M-N 99* Sale
M-N 104 100
M-N
M-N
HO*
J -J
Oong0sintgtd
1912 A-O 110
.....
Gen g 4s intgtd
1921 A-O
83* Bale
Morgan's La AT xst7il918 A-O
lltg6l
1920 J -J •1*26" '.!!!!
NTT4Mexgulitg4i.'12 A-O
No of Cal litgug 6i... 1907 J-J
Guaranteed gold 5s.. 1938 A-O
J-J
105
99
105
105
* • »
May'00
Aug'00
100
105
Aug'00
lll*Oot.'00
1
09*
83
134
Oct.'00
83k
94*
97
1*2*6*
A-O 108* .... 107 Oct-'OO
A-O 108*.... 110* Aug'00
A-O no*.... 111* Aug'00
A-O U8*.„. 119 J'ly'00
M-N
105*Jan.'00
Stamped
1905-87 M-N 105* 107
106* 107
BPacof N Mex lit gOs.'ll J-J
110 Aug'00
P Ooait lit gu g 4s. 1937 J-J 80
TexANO 1st 7s
1905 F-A
••••• UfJfJtl 110** Deo '98
Sabine dly 1st g 6s.. 19 12 M-S
1O0*Not'97
Con g5i
1943 J-J i'0'4" Sale 103*
104
Southern— st oon g 5|.199« J-J 11 3k Bale 111
118*
Begiitered
1994 J-J
108 Aug'00
Mem Dly litg 4-4*-5sl99ti J-J 108
109* Apr'OO
Begiitered
1996 J-J
AlaOenBlitg 0I....1918 J-J
112*Aug'97
Atl ADanv 1st g 4s..lP48 J-J
93* 94* 94*
14*
Atl A Tad lit g gu 41.1949 A-O
Col4 Greeny lit 5-01,1916 J -J •••• ••••* 115 Jan.'00
T Va 4 Ga Diyg 5s, 1930 J-J •••••• •«•!•* 119
119
Oon lit g5i
1956 M-N 117* Sale 110* 117*
Ten reor lien g 4-51.1938 M-S 110*111* 111
111
Begiitered
1988 M-S
GaPacRy lstg 0s.... 1922 J-J •193
185* 125*
Knox 4 Ohio lit g 01 1925 J-J iaok
188* Oot.'OO
Rich 4 Dan oon g 6s. .1915 J-J 12s* 125
183* 183*
quip link fund g 5s. 1 90 M-S '100
101* J'ly'00
Deb 5s stamped
110
1927IA-OJ
10e*Oct.'00
So Oar AGa 1st g 5s 1919lM-N'*104
104k 104* 104*
*Mo prloe Friday latest Md aad asked tali week, t Bonds
'
•
• • * •
••••••
*04
661
101
100
104V
107*
108*
108*4
109J,
75
A 23d Sts Ferry.
Istmort 5s 1919... J AD $106
Union Ferry—Stook.
lit 5s 1930
M41< { 98
luth
. .
108
1
Preferred.
Bonds 5s
,
MAS
94k
£8
t
47k
5
23
70
108*118
118
119
101
104
117
117
111
91*
114*119
fl8*
iis* i'u*
111
Jan. '00
115
80
113
36
20
110
62
10f*
111
104* 10S
110* US
87
105
105
95
88
ii4k
112*
108*
90
10
• • •
78
110
100
103
85
180*
100
107
100* 345 101* 100*
1083 1C0*
1C6*Not00
HO
110
Oct. '00
104*
108*
13
110
100* 104*
126* 180
HO* 115k
128
114
Nov'00
100
121
J'ne'00
102*
Oct.'00
110
94 113 118*
45
98* 104*
83
94*
984
29* 48*
13 108 118
91
98*
Apr'OO
109* 118
May'00
114*
100
100
Mar'99
102* 103*
116*
J
-
A-O
92* 95
1C9*....
HI
J
-.
121* 123
93* Sale
181*
89
32*
A-(
Not
J
15
1
-J
91
113
115
109 HI 110
108 110k 108
88
90* Sale
115
114
33 110
133
98*
93
26
Sep.'OO
183
08* 96*
22« 85
Jan.'99
107
Oot'OO
114*
99*110
98* 108
110
Sep.'OO
90* 214
84
90*4
»
• • •
el
100
Ry gen
tr
g
5s.
.
87
87*
105
110
118
100
Noy'OO
88
9SM
100
100*
Jan.'9u
Noy'99
96
Oct.*00
98
84
144
97
85
Sale
96
J'ne'00
109
Mar'98
119
128
U9M
88
91
13
84
104
97
SS
97*
96
J-J
01.1911
F-A llf?*ll»k
1997
116* ISO*
118* ISSk
J-D 181 ...,
Not'00
J-D
M-S ***7*i ••tee 18S* Oct. '00
M-S
Lex AT4PFlstgug5s.'9S M-S iai* I!!'' 188
133
Begiitered
M-S
MetW SEl(Chio) litg.4i. 1938 F-A "98* Sale 98*
98*
Registered
1938 F-A
Ml Kl Ry 4 L 80-yr g 5s 1926 K-A
100
Oct. 99
(Inn Bt Ry 1st oon s 5s. 191 c J-J
109
Oct.*99
t PaulOity Cab. eg Si. 1937 J-J 112*
113 Aug'00
Guaranteed gold 5s. ..1987 J -J
Third Ay lit gold Si.... 1937 J-J 198 185
183 Oct. '00
Un El (Ohio) lit gSi....l945 A-O ••••••
109* Doo'99
••
W Chic St40-yr litourSi.'38 M-N
•••••
••••••
40-year oon g Si
1980 M-N
99 Deo'97
ELECTRIC
GAS 4
LIGHT BON ris."
Atlanta G L Oo lit g Sa.1947 J-D
Bos U Gas tr otfi 1 f g Si. .'89 J-J
70
91* OOU'98
Bklyn U Gas 1st oon g 5s.. '45 M-N 115 Sale 114
115
ChGL4COo. SeePG400o
Columbus Gas lit g Si 1 983 J.J
Oon Gas Co. SeePG4CCo.
90
Detroit City Gasg Si.. ,,1988 J- i
96
90
Det Gas Co oon litg Si.. 1918 F-A
99* Not'99
K
Id El 111 Bkn. See Co EL4P
Ed El 111. See NTG 4 EL H4P
HqGasLNTlstoong5i..'S2 M-8 118
118* Sep. '00
Kq G 4 Fuel. Sm P G 4 C Co.
Begiitered
1943
Ool& 9th Ay lit gu gSi. 198S
Begiitered
1993
123
186
18S
186k
96k 'Wft
.
HI
116
117* isB*
II,
1
134
ISO
dae Aug.
Amer Graphophone. ... 10
Bid.
78
80
Due July.
*
66
94* American Screw
250 1300
80
Amer Shipbuilding ..100 84
60
Preferred
100
86
7
Am Soda Foun—Com. 100
2e*,
100
lit preferred
45
75
8d preferred
100
7
e •
D
*•
13
80
80
* •
• •
80
100
8
60
10
Due March,
Mleeellaneoue.
Ask.
• • •
I
lstg
1
5s. 19221
1
108
102* Noy'OO
Sale
185
92 113*118
Due Jan,
Par,
Bid.
50
8trawboard....l00
«.merloan Surety.
amer
.
F4A
Bonds 6
Km Typefo'rs— Stook. 100
Amer. Woolen—Com..,.
Preferred
*.mer Wringer oom...l00
Pref
Amer. Writing Paper....
j
J
Preferred
5s
Coal Co
Anthracite
1
Asphalt of America.
J
17
93
100
US* US*
108*
89 118
139
HON
UliJ
A-O
I
Da* Hot.
a These
consecutive pages).— FERRY
7
IS
10
10 t 11
• • •
KCMoGasOo
infl
77
86
•>••••
Press Assoc'n..l00
Gas ABlec BergCo oon g 5s'4W IJt-
101k Gen Bleo Co deb g 5s. .1922 J - !) 187k
109k 9r >tapGLCo 1st g 5s. .1915 F-A
.
109
American Ginning
'
18Ck
119* 135k
94
Amer
115
114*119
47 114
8 '*
Amer Mutoscope
98
118k
98* "94k
US
1
Preferred
MlacHlnneoue.
Aeker.Mer 4 Con 6s 1903
Amalg. Copper— Sm Bost
An Agrloul Chem...
Amer Bank Note Co. ..50
Amer Bicycle—Com.
HI*
• • *
(Given at foot of
Preferred
J'ly'00
109
108
87
. .
Miscellaneous. Par.
American Chicle Co
Ask.
86
110
•
.
OUT8IDE SECURITIES
99
80*
114k
117* H9
105* 105*
S5 104* 109k
••• 110
110*
.
j
117
•
130* LouliByOolitoong5i.l930 J-J
Market StO By lit g 01.1913 J -J
111*, 118
40
Sale
103*4
1)0* 110*
*••
Sep.'OO
F-A 104 Sale 1.'4
104M
88 Not'00
J-J ••••• vi)
37
J-J 3«* Sale 36*
110
J-J 109k 110* 109
Bwa7A7thAylitog6i,1943
107
Oct'OO
Ana'00
91*
118*
M4M
Aug'99
98* Aug'00
Cal lit g 01.. 1905
lit gold 6sser B..1905
lit gold 6
1906
191**
lit gold 01
lit oon guar g 5I..1937
Bid.
116*
M-f
99* Wilkes 4 Bast. 8m Brie
100*4 Wll 4 Sioux F. Sm Bt P
100
8A4APaiilstgug4i.'43 J-J 78* 79* 78*
79k 148 78
SoPof Argu litg0s.'O9-lO J-Jli 110 114 110 OcVOO
110
.
J-J
Wheel Dly lit gold Si. 1988 J-J
Bxten 4 Imp gold 5i. .1980 K-*
litcon4s
1949 M-S
<et St
BPof
Sale
104* 100k
Not'99
lit
110
130)4 J'ne'00
100 Sep.'OO
107 Oct/00
J-J 1C6*
J-J
1926
MetRyCo litgug
120* Feb *00
Bale
Sale
09* 99* Winona 4 Bt P. See04NW
80* 80k Wis Cent 50-jt lstgen4s..'49 J-J 87* Sale
STREET RAILWAT BON D8.
1945 A-O 104 100
110 110* BklynRapTrg5i
97*
Oot.'99
Jan. '99
HI
105
Atl At Bklyn imp g 5s 1934 J-J
BkCltylstoon 5s.l918.'41 J-J
Bk Q Co 4 8 oongu g 5s. .'41 M-N
3 100
110
Bklyn Un El 1st g 4-5sl 950 F-A
100 105
Kings Co El lstg 4i..lf49 F-A
109 111* City A 8 Ry Bait lstg 5s 1933 J-D
Den Con Tr Co 1st g 5s. .1938 A-O
109*118
22
Den Tram Cooong6s.l910 J-J
81
87
75
I.
••••• •!•«»•
108
109
104*Oct.'00
J-l
Utah Central. See Rio G W
lie* 118* Utah 4 North. See Un Pao.
UticaABlackR. SMNTOeni
VerValInd4W. See Mo P
lrglniaMid. See South Ry
Wabash lstg5s
1939
2d gold 5s
1939
Debenture series A. ... 1 939
Series B.
1939
IstgSsDet 40hBxt..l94)
118 118
Dei
Moin
Dly
1st g 4s. 1 98^
125* 120*
StOhaiBridg* Iitg8i.l908
Warren BB. Set Del L 4
Wash Cent See Nor Pao
100 105
83* 85 Wash 04 W. 8st Southern
WestNT4Pa litg 61. 1937
GengS 4s
194b
Income 5
April, 194a
Weit No Oar. B$$ South By.
•••••• MIK
70* 85*
Jan.
112*J'se'99
118*8ep.'00
J-Dl
1947
Gold 5s
128
since
Last Sale.
•••*•• ••••••
J-l
129* 134* UniN JRRACCo. SeePaRl
Nov'9W
94*
99k
93
110
83
Mob
W
102
94*
1905
Ferry Companion.
Begiitered...,,
Range
Week's
Range or
J-J •113*
Oct>'00
Ul*Ool. '00
A-O
J-L ioi" io9k 100H Noy'OO
89 Oct.'00
A-O
85
J-J "ds" Bale 84*
West Shore. Sm NT Cent.
WVaAPitts. See 4 0.
W VaCent4P lstgB 6s.
1913
88*3ale
90
"J
Wheel'g4LB litg 51.1926 A-O
J-Dt
••*
OreByANaylitif g 0il909 J-J 109
2** lLB 4*? aT oon « 41.1940 J-I *10e*
Ore ShortLlne 1st g Oil 932 F-A 127H 128
Ore Bh L— 1st oon g 5s. 1946 J-J 114 US
Non-oum lno A Sis... 1940 Sep.' •100 .....
Utah 4 Nor 1st 7s
1908 J-J
102* 105
108* 108*
>«•••
Mex4Pao lstg,...6s'Sl
Gila V G4N 1 st gu g 5s 1 924
HousE&WTlstg 5s. 1933
lstgug 5l
1983
H4TO 1st g 5s lnt gu.1937
<s
3001
Deo. . .200r
lstg 5s
1935
lno. 5s.
93* Tol4 0C
53* 00* Weit'ndiy litg 5i.... 1985
General gold 5i
1935
Kan 4 Mlit gu g 4i. ..199C
Tol
Peo
W
4
litgold
116*121
4i.l9l7
137 142* TStL4K0 Iitg8itr.l916
85
Jan.'9U
104* F«b.'98
•
. .
1927
1423
106* Noy*99
Registered
.1949 F-A
riort guar g 3*s. . 1989 J-Dt
Registered
1929 J-Dt
Gal Har 48 A 1st g 61.1910 F-A
5s.
105
» • c • • •
1949 J-Dt
Ore 4 Cal litgtdg
118
•
A * N W lit gu g 5I...1941 J-J
OPaclitrefgug4s...l949 F-A
Sdg7s
36*
* * • « •
t •
109*
109*
J-D
lit gold 5s
J-J
1st g 5s. . 1934
So Car 4 Ga. See Southern.
Southern Paolflo CoGold 4s Cent Pao ooL.1949
Registered
93
••»»
•••.I
TexAP By B dly litg 01.1905 M-t-
108* Apr'OO
• •«
• • * * e
J-J
J-J
1926
Car Cent 1st oon g 4s. 1949
Bher Shr 4 So. See M K 4 T
Sod Bay
105
107
Ala Mid 1st gug 5s... 1928
Bruns 4
1 st gu g 4s. 1 988 J -J
Sil 8 Oca 4 G gu g 4s 1918 J-J
Scioto Val 4 N K. See Nor 4
W
J'ne'00
J'ly'00
Oot.'97
91*
04*
104
A-O
J-J
M-N
8t John's Dly lit g 4S..1934
85
4 N Ala. Sm L 4 N.
•
•
118k 8pokFaU iANor lstg 8s.l93s- J-J
.III By lit go g 4*1.194;- J -D
90
10* IIP* Stat
Sunb 4 Lew— See Penn BB.
121* 125
100 113* Syra Blng 4 N T. See DL4W
U 108*
Tebo AN. SeeM K AT
104
* or A of St Lilt g 4*i.*3fc A-O 114
litOongoldSi. .I894-194* F-A 114*
24
79
85
8tLMBgeTergug5i.l93i A-O
98* 100
Tex 4 N O. Sm So Pao Co.
91
95
e e • •
sf g 5s... 1919 J -J
oon g 6i. 1934 A-O 134*
1934
113*
88*
Sale
Sale
M-S
Istg5s.l942
IA4AP. Sm So Pao. Co.
8F4NP 1st
Oct-'OO
8
J
U
118
103
J-J
J-J
J-J
J-J
J-J
J-D
J-L
0s. ...1938
Begiitered
112*
109*
w
_f,
1936
1936 M-N
n
FA
41.1934
«f
0T
116* Noy'OO
141* 140* 140*
l
Tor Ham 4 Buff 1 st g 4s. 1 946
137* Feb '99
"30
liter 4 Del litogSi. 1928
112*110*
115* 110
n Pao— BB 4 1 gg 4il947
lO0*Mar'98
115
J-D
J-D
A-O
A-O
A-O
A-O
1st gold 4s.. 1937
Flit g
8
Sale
110*....
j.j
J-J
J-J
M-N
1937
Mlstdlylitg5i.,.1908
Begiitered
1908
Nordly 1st g 4s.... 1940
Registered
1940
Minn Union lit g 6s.. .1922
MontC 1st gu g 6s.... 1937
Begiitered
1937
lit guar gold Si
1937
Begiitered
1987
4
Noy'OO
100
93
105
J-J M0
Registered
Will
125
Bale
91*
66*
.
MontBxt
}
,t;
LX2 1,
Ask. Low. High No. Low. High
Bid.
A 01.1906 M- 8
mj M-S
M-8
me
1921 M-S
1926 M-8
1936 M-S
1931 M-8
111
3d gold
So. See Illinois Cent.
1st g 4s bdofs. 1981S
Sd a 4s lno bond ctfi. 1989
Gray's Pt Ter litgug 5s'47
8t Paul 4 Dul Se4 Nor Pao
Bt Paul M 4 Man 2d 6s. 1909
lit oomoi gold 6i
1933
Registered
1933
Reduoedtogold4*s 1933
Registered
1933
Dakota ext gold 6s
1910
Noy'99
187
A-O
A-O
J-D
1939
Ft 84V BBdglstg 81.1910
Kansas Mid 1st g Is ..1937
Bt
St
5i
[Vol.
16.
S °JCl
a yS .? 01,toon K 8 »-l»14
,t
3tL48FRRg4s....l996 J-J
Southw D1t lit g 51.1947 A-O
.
5s
G«n5i
_ Gtd stamped.
1906
Sd gold 6s Class A
8d gold 6s OlauB
1906
Sd gold 0i Clan O
1906
gold
1931
General
6s
1931
General gold 5i
lit trust gold 5s
1987 A-O
lit g 6s Pleroe
4 0..1919 F4s.
6s
8eriesD4-5
It
Cent DIt lit g
B
SeriesC 6s
4.
Price
Friday,
Nov. 16.
N. Y. STOCK EXCHANGE
Low. High
71
Page
(5 pages)
BONDS.
since
or
Last Salt.
94
Boon A Pitts. AeBBlP.
Borne Wat. A Og See NT Cent.
Salt Lake O lit g ii 6i. .1913
PRICES
Range
Week's
Range
Ask. Low. High,
105 Not'99
77* Aug'00
Bio Or Juno 1st gu g 51.1939
1940
Bio Or So lit g 4s
Guaranteed
,,1940
M
.
Ask.
180
83k
55
"oo
18k
78*4
3k
78
e*
73
optloa sales,
MISGBLL'8.
Mleeellaneoun. Par
4 Sm Car
Preferred
Bergn 4 Bng Br 1st
Barney
fliiss
100
100
79
nond4Mort
6(
Guar... 100
British Columbia
Celluloid Co
,
6
80
76
8*
73k
Bid.
13
98
6s.
Company—Com..5<
Preferred
1C7
117
10
dt
an
Copper
100
185
82k
800
17*4
93
10
Oent Ftrew'rks—Com.lOO
100
60
Preferred
"lb ateaugay Ore A Ir 6s 1 f
30
i And Interest,
i Prloe p er iaa
All
16
98
98
«••••'
••••*•
<•••••
8
98
•3
70
40
'
re.
s
..
Nov.
Price
Friday,
Nov. 16.
BONDS.
S. Y. STOCK EXCHANGE
Week Ending Not. 16.
'87
A-O
A-O
Small
See
5s.
1948
194?
Registered
mong 4s.... 1949
lstoonv g 5sl910
1995
IstoonirSs
Purchase
Bd
Bl
III
PatersonAPGAEg
5S.1949
PeotfasAOlstgug6s..l904
1st oonsol g 6s
Refunding g 5s
Keglstered
Jan.
J-» 109^
J-D
F-A 0*96
107*
inj-j 119*
M- s
M-N
J-D
A-O 'U9
.1
Sale
109
:
1
107
J'ly'00
1909
6s. 1919
g 5s. 1943
115* Nov'00
103* 118*
118
Oct.'00
J'ly '00
May'00
Aug'00
Dec '99
105* 105*
105*J'ne'00
•
J-D
J-D
Am c writs MIg 1st g 6*.. 1915
Am Thread lstcoltst4s 1919
105
105
103
33
Sale
USS BnvelCo
LeathCo
f
Income g 5s
Oct.'00
Oct.'00
102
103
Feb '00
103
105
98M
100
68
Bf-a
j -j
71
7?'
F-A
13%
1946
g6sl918 3-Ji
deb g 6s.' 13 M-N
105
90
Jan.'OO
99
70
Bid.
Bl—inc..
113
As
70
4a
M3
—
A Hock Coal A
I,
88
85
55
10
65
pfd.
80
365
Prif
Corbln Cabinet Look. 100
Corbln (P. A F.) Co.... 35
Cramps' Sh A En Bldg.100
Diamond Matoh Co. .100
Distill. Co. of America
Pref
.
SO
825
t 85
70
127
Boat
Bleotrio
Preferred
meotrlc Vehicle
Preferred
89*
list.
list.
108
108
44
95
60
• <
••
•
75
5
84
Vi"
75
127*
J*
31*
19
40
31
43
84* 25*
Empire Steel
8
48
Preferred
100
Havana Commercial..
120
Preferred
,,
Heok-Jones-J Mill-Pf.100
1st 6s 1922. ...... .MAS
Her'g-Hall-Mar(asst p'd)
Preferred (asst p'd) 100
Hoboken Land A lmp't
40
Preferred
10*
76
60
10
49
Illinois
BleoVeh Trans. 10
'
International Elevat.100
(nternat'l
Pump—Com..
Preferred
Internat Silver— See Stk.
Do
Do
do
do
boo Steamboat.
bonds,
100
JAJ
Jonn B Stetson— Com.100
6s 1901
100
J ourneay A Burnham. 100
Preferred.....
100
Lanston Monotype.... 20
Lawyers' Surety
100
Lawyers' Title Ins .... 100
Lorlllard (P)— Pref... 100
Madison Sq. Garden— 100
3d 6s 1919
MAN
Markeen Copper .........
Mix Nat Constructs, pfd
Minneapolis Brew 1st 7s
Preferred
78*
Bxcfi.
I
40
97
69
Sale
Sale
70
Bale
112*
3
80
60
96
165
100
6
10S
66^ 84
66
15* 386
24
8
"w
113
HoiokenL A Ig
1910
5s
Iron Steamboat Co 6s... 1901
Mad Sq Gard lstg 5s.. .1919
Man BchH A Lgeng 4s. 1940
Ne w jit News SAD D 5s.l 990
75
J-J
-J
A-O • 30
J-J
M-S 108"
M-N
J-J
M-N ••••II
M-N
8t
104*
t
02
e
Due July
t
Mut On
Coal.
50
Monongahela Water... 25
100
Mosler Safe Co
100
National Carbon
Preferred
100
Nat Enam'g
A Stamp. 10r
Preferred
100
Bid
.
t
t
11*
43*
40*
Ask
11*
16
44
41
100
17
79
83
21* 28*
8C
85
11
18
Gramophone. . .100
Nutlonal Saw— Pref. mo
National Sail— See Stock Exchl List.
100 130
ISO
N ational Surety
National Tube See NY Stk ixch list.
»'
80
National Wall Paper. 100
.
N. B. Blec.Veh. Trans.. 10 t 4
4*
100
70
86
N T Loan A Imp
N Y Blsouit 6s 1911 .MAS 114
New Jer Zinc A Iron.. 100 *••••!
7
N. Y. Bl.Veh. Transp.100
7*
50 t 62
Nioholson File Co
.
Otis Elevator— Com
86*
87*'
Preferred
Peck, 8tow A Wiloox..25
50
Pennsylvania Coal
50
Pitts Bess
50
Brewing
Pittsburg
Preferred
.....50
100
Pittsburg Coal
100
Preferred
100
Pitts Plate Glass
..100
Planters' Compress
Pratt A Whltn— Pref 100
Procter A Gamble.... 100
100
Preferred
1st 6s— See Stock Bxoh
89
91
37
400
39
ALB
t
t
21*
t
38
t
Wn
Tel Oo. See
Un,
Tel gen g 5s oy. '20
18
65
ido"'
130
.
• • I >
30
66
106
176
105
7
1
a
18*
1891
•••••!
•••!••
s • • •
•
90
Oot.'9P
01
Feb '97
118* J'ly'00
••III!
•
109
*••••• . • •
•••••I •!•««!
.
113* 11B*
••••I •••••«
B
C
>....• ......
'For
iaily record
Q- J
Q- J
y- F
Q- F
Q- F
Q- F
Q-Ji
Q-J1
» •
Louisiana— New con 4s.. 1914
Small
Missouri— Funding. ..1894-95
Nortn Car— Consol4s... 1910
Small
1919
6s
So Carolina— 4*s 20-40.1933
191
.
Due April.
I
105
Sei.. '00
.....
......
•ee
Mlicellaneom.
Par.
1
Union Typewr—Com.100
1st preferred... ...,100
3d preferred
U. 8. Cast Iron Pipe
Preferred
,
100
30
65
81
109*
109*
104
108V na
108* 113*
108* 1111
114
114
1171
1181
137V
131* 1371
1
329*"
113*118;
118*
nr
07*
108* 116*
Nov'00
Aug'98
1
103* 10S
698
07
10
105
rece&tnt.)
pound.
to the
109*
112
104
63
13'
137
Nov'00
114
697
•••!
109* 100*
102*
Oct.'00
10894 Sep.'00
103
121
Apr '00
131
108
Aug'00
109*
Feb.'99
105
Oct'OO
•••••<
iai
106* 108*
-
..... •••••§
- J
1
-
•••I
1
Feb.'98
130
Mar'00
94*
94*
130
ISO
10
Oct.'00
*
91* Nov'00
8* lug* 00
Due August. aTheiea
••
•
• • • •
9S96
9
90
85
91
86*
43*
7 4*
42
& MISOELL'8.
Ask.
56
Bid.
48
03
eo
100
Pref
31* 32*
8 Glass—Common. .100
100 iao 136
Preferred
6
Va. Coal Iron A Coke. 100
7*
88
MAS 86
5s 1949
Westingh Air Brake.. .50 ri87* 100
110
Worthing. Pump, pfd.100 105
115
5*
10
U
107* 110
5*
34
6*
>„•
87
88
94
e option sain.
Miscellaneous* Par,
U 8 Envelope— Com.. 10
Ast.
s •
118
10«M
••••••
128
94
105
J
Bio.
t
V
10
1
100
.,50 t 70
Preferred...,.
va, ye
109»4
J-J 105
J-J -•••••
A-O 187*
J-J 112m
J-J 94%
J-J
J-J 91
•
109
109*
110*
137
113
LIS
••*»•)
• •
114*
104* 107
115*
116*
H5^
•
•
100
H4H
Sale
J-J 103*
F-A 124*
J-J 108
~
Union Steel A Chain pref
Union Switoh A Signal. 50
seventh
•••••
••••••
III
110* 109
115*
ne (15*
137* 137
115'-*
Bonds due January.
I
113
104*
10*
in«W
100* 100*
101
• • • •
Oct-'OO
137
137
Registered
As deferred oertfs
Nov'99
18
I I I
••
1C4* 100* 10414
104* 105* 104
10W* 110)* l0v)i
109* Sale LC9*
109
1906 j"- j
1906 I-J
5s
4s
l
Ocu'99
tl3
% » •
• t
• • • I
•
J-J
STATE SECURITIES.
Alabama— Class A 4 to 5.1906 J-J
Class
Class
•••«•«
«••••#
• • •
• •
00* Oct-'OO
basis of five dollars
ie
Nov'00
01
•••«,
Q- F
Bale
Q-F
Q-F U2* 113*
a-F 113* 113*
FOR'GN GOV. SECURITIES
U 3 of Mexico s i g 5* oV 1899 Q-J
on
«l llll
••••I
• • • I
••I* •Mtll
•
M-N
Northwestern Tel 7s. .'04
U. 8. GOV. SECURITIES
1930
t) 8 2s registered ......
US 8s coupon
1931
1918
U 8 3s registered...
1918
U 8 3s coupon
U 8 3s reg small bonds. 19 18
U 8 3soou small bonds. 1918
1907
U 8 4s registered
1907
U 8 4s coupon
1925
U 3 4s registered
1925
D S 4s coupon
1904
U 8 5s registered
1904
U H 5s coupon
,
94*
94
30* 81>4
80* 82
,
.
Stat Isl R T 1st 6s' 1 3 AAO
JAJ
2d 5s 1926
Stlllw-Bierce A 8m-V.100
|
63
116
40
116
107
96
60
'40
.
lisi.
8*
. . .
Qu
N. V. CITY.
America* ....
38
Am
Bxoh ....
'«*
8
Bid.
Qu
19794
Brokers'
180
N Y Nat
New
Bx.. 135
York.... 375
Oriental* .... 175
16
• • •
•
• *
3600
14th Street*. 150
174
too 435
Gansevoort*. 60
1700
German Am* 130
German Bx*. 360
Germanla*., 500
Greenwich*.. 165
Hamilton*. .. 145
Hano'rlnew) U15 480
*
185
t-330
310
800
Manhattan* $360
Market A Ful *340
Mechanics'. 200
310
Mech A Tra* 95 100
Mercantile
300
310
Meroh Bxoh. 186
Merchants'.. 175*
*
Metropolis*. 800
Liberty
Lincoln
.
Mt
*
Morris*.. '00
VorkvlUe*..
no
1
485
BR'KLYN.
Knlok'rb'ok'r
435
Manhattan .
350
Mercantile
800
Merchants'.. 300
Metropolitan 435
.
•
•
• •
116
Bedford*.... 310
.40
Broadway*
Brooklyn* .. 110
8th Ward*...
5th Ave*.... 100
335
Kings Co*.... 100
Manufact'rs. 280
vieohanlcs*.. 190
Meoh A Tra*. 470
Merohant*'. 100
.
.
385
375
Nat City
North Side*.. ISO
425
1300
%
750
• ••«•
$307
Seal Est Tr't 300
• nil
StandardTr't 235
• •«••
205
306
Tr.Co.of Am.
305
Tr.Co.ofN.Y.
• ••
Jnlon Trust. 1300 1350
220
• ••«
••• USMtgATr. 400
Unit. States.. 1600
630
Washington.
390
85
•
UO
t
I I I
•
• • •
I
•
I I
• •
vSlO
(•)
II
•••
70
i06
Spraaue
$
BR'KLYN.
•
'SB
116
t Price per s _sn,
Brooklyn Tr. 413
Flatbush .... 168
375
Hamilton..,. 355
Kings Co.... 853
L Isl L A Tr. 355
Manufact'rs. 307
185
330
People's
WUlianub'gk 300
•
•
• • • I
•
mil
•
III!
•
••I
•
•
••
338
210
§ Puronaser also pay
at Stook Bxoh.or at a lotion thij waek-
ari State banks.
SaU
*
•
195
Soherm'rh'n* 150
17th Ward*. 105
People's*
»•••«
475
MortonTrust
N Y L I A Tr
N V Seo A Tr
North Amer.
•
. .
Banks mark 3d with an asterisk
ae:ruidlijt.
180
100
15
33d Ward*... 100
Union Sq*.... 335
West Side*.. 375
100
Gallatin
Leather Mfr.
A Le'th
State of NY* $136
12th Ward*..
325
HldeAL'ath 120
Imp A Trad. 516*
Shoe
ISO
380
198
140
Bowl'gGreen 130
CtLRlty BAT .450 300
Central Tr'st. 8000 3100
340
Oity Trust... 300
Colonial
••>•• 35 J
Continental 375
• •>•«
Farm Ln ATr 1875 U25
Fifth Ave Tr 485
"Guaranty Tr $150
1
•
n*.
*.,««•
Atlantic Tr. 310
Bankers* Tr. 100
186
3
•
Bast River.. 140
11th Ward*. 150
•
Fifth Ave*.. 3500 3000
otati
N. Y. CITY.
1000
t
Park
$
.,,. 430*
140
150
Peoples'* .... 225
t380
tioo 101
Colonial*.... 375
475
Columbia*... 190
*
ProdExoh*.. 3594 $
Commeroe... *i81 367* aepublio .... t;2fct
Continental 130
Riverside*... 210
Corn Bxoh*.. *363
Seaboard.... 3:0
Domes. Bxoh
103
600
>
Qu
Trust Cos.
lOthWard*.. 100
90
North Amer. *0 3
Hi*
Ask.
Bid.
26th Ward*.. 140
136
Wallabout*.. 105
New Amst.*.. 875
New York Co. 1500
*
M>0
490
Broadway.... J40
356
Butoh'sADr.. 87ii
171
175
.... i-305
Banks.
Ask.
otatio ns.
150
170
*m
80
65
13
Banks.
Brokers'
otati ons.
« » •
45
185
18*
Storage Power
100 1C1* 01*
8wlft A Co
104
1st 5s 1910-1914.. .JAJ 1103
120
8nsq Coal 6s 1911. ...JAJ 118
75
87
Texas A Pacific Coal. 100
AAO
{107*
1908
1st 6s
410
Title Guar A Trust... 100 395
8
7
Trenton Pott— Com.. 100
100
65
60
Preferred
Trow Directory-New. 100 65
Union Copper
Union Steel A Chain.
Brokers'
Ask.
Bid.
70
135
23*
Bxch
t 63*
Banks.
•
ilst.
.....
144
650
895
230
4
III!
*••••
.
23* Chatham
23*
45* 46
28* 26
83* 84
16i* 170
18
45
483
198
.
RojalBak Powpf .
Rubber Goods Mfg
'
114
45
133
60
Nov'99
•III!
•••II
3-J
J-J
1st sfg 5s... 1918 M-N
ANJ
40
.
185
138
550
690
305
list.
••••I
•Ill*
(Given at foot of 7 consecutive pAQm).—BA2iK8
100
Preferred
100
3d preferred
100
Singer Mfg Co
Standard Oil of N J.. 100
Stand Und'rg'd Cable. 100
Sloss-Sheffleld See Stock
Southern Cotton Oil. .50
StandardCoupler.com.
Preferred
74
••••••
No Westn Teleg. See West.Un.
West Union— Col tr cur 5s.'3S J-J l'3*U5
Fd and real est g 4*. 1 950 M-N *l04* 105
Mut UnTelsf'd 6s. ..1911 M-N
Due May.
Simmons H'rdw-Com.100
25*
13
3194
••••«•
(Jaole Co 1st g 4s.. .2397
2397
Registered
Erie i'AToeltrgsf 5s.. .1936
TAT
111
19
1-JJ
Com
105
30
1»
81*
81
'.','.',',
10
TELE. A TELBPH. BONDS.
Met
38
110
r
PropColstg4*s5-20yr'17 J-D
Yuba Wat Co oon g 8s.. '33 I8p Val Wat Works 1st 6s. '06 M-8
Vermont Mar 1st s f 5s. 1910
Small....,
Virginia fund debt 2-3S.1991
104
81*
lit
Aug'00
110
1.
Low Hie*
Hiah No.
93* Nov'00
76
88*
fAOntLand lstg 68.1910 F-A
L Ter Cupples Station A
Ya* iie* Tenn—New settlem't 3s
59
118
40
108
87* 95
104
i
J'ly '99
73
18*
107*
10
2*
46
96
116
105
Preferred
35
Russell A Er win.
8afety Car Heat A Lt.100
Seaooast Packing Co ...
Preferred
1*
S5
pref.
Inter-State Oil
13
43
55
85
110
106
,
105
.
5
80»4
40
86
>.08*
••>•
104
113*
Nat'l
Brie A Western Trans. 50 t 60
186"
Fidelity A Dep (Bait).. 50 1160
General Carriage
5*
6*
General Chemical. .,..100
88
83
Preferred.
100
06
LOO
Gorham Mfg Co-Corn. 100 110
6s
a
Preferred
114
8*
Oonsol Rubber Tire.
...1907
3*a S A.191
Currency funding 4s. ..1930
Dist of Columbia— 3-65s. 1924
Miscellaneous. Par-
Common— See St.Bx. list
JAJ
lstg 5s 1917
Oonsolld Car Heating.! 00
Consol Firew'ks-Com.100
100
Preferred
MAM
lno 5s
Id gr
Haok Wat Reor 1st g 5s 1 926
Held B Co 1st sfg6s... 1931
89* 89*
Aor'97
107
Aug'00
Monongahela River
15
Olieiebrough Mfg Co. 100 355
80
Chicago A Alton RR 3s...
Sub crip- tons
ChioAAlRy8*»— See Stk Ex h.
Com stock -See Stock; Bxch.
Pref See StLCkExch. list.
Olaflln (HB)-lstpref.lo0 101
100 101
Sd preferred
63
Jan.'99
107
93
104
87*
OUTSIDE SECURITIES
Col
1
89* Feb '00
•Ho price Friday; these are latest bid and asked this week,
Grain
32
9««100*
42
100
71
since
Jan.
Last Sale.
•••••
Sale
•
oni&ii ••t«t«t '••• •••*••»••
j-j
mDkAImpSs. SeeCenNJ
AO
112
110
105
109
100* 104
Oct.'00
1st s f
M1iccll»neon». Par.
105
93
32
Jan.'OO
101*
98
»
MISCELLANEOUS BON DS.
Adams Bz—Col tr g 4s.l948 M-8 103*101*
Ones
105
Oct.'00
105*
Bar A
Gramercy Bug 1st g 6s.. 1938 A-O
1910 J -J
Steel Co deb 5s
PINon-oonT
deben 5s... 1913 A-O
106*
Int'l Paper Co lstcong6s.'18 F-A
Knlok Ice (Chic) 1 st g 5s. 1 928 A-O
108
Colstg6sl920
M-N
StarchMf
Nat
g
Procter A Gamb lstg 6s.. '40 J-J
1st g 6s.l94e
Non-oum
b These are price*
190" Qu-F
1915
Stan Rope A T
108* 108*
90
95*
60
May'97
May'97
80
100
105*
A-Ol!
58
95* Jan.'OT
MAN'F'G A INDUSTRIAL.
8 Car Co lstg 6s ..1942
A St Yd ool g
. .
107
Blrm Div 1st con6s. 1917 J -J 106
Can C M Co 1st gu g 6s..'22 J-D
Be Bar C A I Co gu g 6s. '10 F-A 103
Wh L B A P C Co 1st g 5s.'19 J-J
55
108* Nov'00
95*
94%
Sale
•••••I •••••<
J-D
100* 103*
Aug'00
Nov'00
•••»!
RocnAPitOAlpurm5sl946 M-N
. .
109
103
108
• > * * »
M-N
...1928
....
2d g 5s
PleasValCoallst g sf 5 s 1926
8s.
109*
107
105
103
103
Range
Week's
Range or
8
109
109
105
103
103* 105
103
••••••
JeffAOlearOAI Istg5sl926
Oil
127
Deo '98
11}
F-A 9~*
FAICogensf
De Bardel C A 1. See T C A I.
Gr RIt Coal A C 1st g 6s. 1919 A-O 106
deb g
Got
AmExtended
4Mb
107
117
106
101
* I 1st cong8s... 1902 F-A 101
ColCAIDevCogug5s..l909 J-J Mitii •inn 55
TennCoalTDiTlstg6sl917
IK*
9R*
94M
91
9<*i 143
107* Nov'00
106* 110
10 117% 120
i2o
Col
s f 6s..l912
f Ihic To
V >
S t
Coupons off.
Col Fuel Co gen gold
WAWH IstSstrotfs
5s.l9l5
F-A
»
1005
5.
Ask. Low.
Bid.
Det
COAL A IRON BONDS.
Coal Mln. SeeTClAR
Can
learf Bit Coal. SeeNYCAD
gun Ck Coal 1st g
111
83 103*
•
...
Price
Friday,
Nov. 16.
N.Y.8TOCK EXCHANGE
k'n
0*
Page
BONDS.
Low High
106
t
Week Ending Nov. 16
iao
121
G-LACke lstgug 5s'37 J-J 109
Con G Oo of Oh 1 stgu g 5s' 36 J-D 100
BqG A FCh lstgtig6s.'05 J-J 104
Ha Fuel Gas 1st gu g 5.1 947 M-N
Trenton G A El lstg 5s.l949. M-8
UttcaBL&Plstsfg 5S.1950 -J
Westn Gas Co ooi tr g 5s...'33 M-N
109
3ale
107
Cta
Col
1.
.
(5 pages)
.
1904
1943
1947 M-ft
.1947 M-S
2d gtd g 6s
Last Sale.
B6*
97*Oct.'99
1U7* 107H 107
107
1919 Q-F$
PeopGas
N Y G B L H A P..g
since
PKICBS
BklnFerryOo lstcong5s'48
1997
Bd BlHBkn-lstcongls.'Se J -J
Lao ias-L Oo of 8tLlstg58'19 O-Fi
Mnt Fuel Gas Co
Range
Ask. Low. High
Bid.
LtPitSu
moa 8s
Week's
Range or
J
31
.....
THE CHRONICLE-BOND
17, 1900.]
Kings Co El
Purchase
.
,
8
.
)
.'
THE CHRONICLE.
1006
LXXI
[Vol.
Boston, Philadelphia and Baltimore Stock Exchanges— A Daily and Yearly Record.
Share Prices—Not Per Centum Prices.
Sales
Range
Sales
ACTIVE STOCKS.
Saturday,
Nov. 10.
251
351
Monday,
ATov. 12.
350
167
241
194
250
150* 156* 157
•841
191
...,
iea
183* 134
143* 144
137
137
34* 84%
44
44
841
193
133*
144
127
3»«
44*
139* 139
•
36*
30
34
76
84
76
14
89
14
89
03* 02*
•759*
26
24*
75*
13*
89
63
249
157
•241
191
194
134% 138* 133* 133
144
142* 143% 148*
137 187
127
•34* 35
35
•34*
44
44% •44* 45
139
188* 138* 138
36* 26* 26* 26
24
34
34* 34
70
75* 76
75*
14
13* IS* 13*
•88* 89* 80
89
64
03
1163* 63*
167
•841
194
98*
98* 98*
9% 9* 9 16-10
31 5-16 30 13-10 1*
15 5-. 15 1-10 3-10
15*
66* 66%
78* 789*
S3
34*
17
17%
•••••
MMM
Hi* 98
03
38
78
....
194
132*
143*
35
94%
39*
m 79m
70*
98* 98* 98*
15-10
9
9*
9*
30 13-10 1* 31*
15* 15* 15*
00* 67* 66*
78* 70* 79*
S3* 33s* 33*
17* 17* 17*
67* 68
79
79*
839S 34*
17* 17%
Boston & Albany....,
(Boston).... 100
Boston Elevated, full paid
"
.... 1 00
•941
243 Boston* Lowell
•341
"
....100
,
191 194 Boston A Maine
"
194 104
....100
"
132* 134* 134* 137* Chic. Burl. A Qninoy
....100
"
143* 143* 143 144 Chic. Juno. A On. Stook Yds.
....100
127 127
Preferred
"
137
....100
,
34* 35 Choota w Oklahoma A Gulf
•34* 35
50
( Phila >
44
41* Preferred
"
44
44
.... 50
18S*
138*
Fitchburg, pref
138* 139
(Boston).. ..100
26* 27* Lehigh Valley
20* 27
(Phila.).... 50
24
33
•24
Massachusetts Bleot. Cos. ?.(Boston)....100
85
76
70* 75* 76* Preferred!
....100
13* 18% Mexloan Central
•13* 14
....100
Northern Central
89* 90
(Bait.) .... 50
,
64
60 Northern Paolflo
63* 04
(Phila.) ....100
"
Preferred
79* 79* 78* 80
....100
301* 202* •201 303] I Old Colony
(Boston).... 100
3-16
Pennsylvania
70* 71* 70% 71
(Phila.).... 50
98* 98* Philadelphia Traction
•98* 98*
"
.... 50
15-16
9
9*
Reading
"
b
Company
.... 50
157
24*
76
18*
89
04*
98%
10
31*
13-16
11-16
16*
31* 1st preferred
15* 2d preferred
68
69* Union Paoiflo
80* 81* Preferred
34* 86* Union Traotion, 817*
17* 17* Onited Ry & Bleo. Go
13-10 3 1 7-10
13-16 15 7-10
67*
70*
33*
17*
07* 08
80
80*
83-% 33*
17* 17*
Preferred
93
93
03* 98*
29
78
»%
92
03
03
93
94
95
04
95
94* 95
29* 30
78* 78*
92
28* 29*
78*
2*
78
338
325
66
800
28* 28*
78* 78*
79
8
*
*
3*
*
3*
*
71
810
19* 19*
9*
8* 8*
19*
18
9
•100
138
84
2*
133
14
80
188
26
3
9*
8*
19
325
07
S10
330
323
70* 07
810
810
81*
64* 65
19*
130
130
88* 89
3
3*
137
9*
9*
8*
8
9*
79
3*
*
*
120
120
8*
3
16
32
33
82
••••
4"?%
x
40*
66
65
0*
8
8
"
129
38
129
15
16
n*
15
•30
15
63*
a 09 11-16
•
10,065
1,178
188
600
572
203
10,633
1,165
2,835
1,765
05
7,425
322
8
20,200
152
14,967
23,415
6,741
8,183
5,903
36,937
14,004
Mar. 15
Jan. 2Jan. IS
Apr. li
119* Jan. 10
131 Mar. 12
122 Jan. 2
39 May 15
39 May 15
110 Jan. 32
21% Sept. 8 5
15 Jan. 4
78* Pept. 27
10* Sept. 81
82* Jane 28
45* Sept. 29
70* June 25
301 Oct. 20
62* Sept. 22
95 Jan. 2
7 7-16Sept.24
24 9-1 6 Jan. 10
12 Sept. 20
44* Jan. 9
70* June 25
28* Sept 36
15* Sept. 35
34 Jan.
9
854
180
340
July 17
Oot. 35
Apr. 18
302* Jan. A
137* Nov 18
144
Nov. 10
127*
Oct. 84
35
45
Apr. 18
Jan.
4
139* Aug. 30
20* Apr. 87
30 Feb. 14
70* Feb. 15
14* Mar. 10
100 Jan. !*U
60 Nov. 10
80 Nov. >8
209* May
71*
i
Apr.
5
Aug. 89
100
10 0-1 6 Apr . 5
33*
Apr. 5
17*iApr. r
09* Nov. 16
81*Njv. 10
40* Mar. 31
1 9* Mar. 30
87* May
01* May 29 »4* Mar.
236
• * • »
i
61*
158
100
4*
3*
2*
20
(Bost) 25
Arcadian
25
6*
Arnold Mining. "
"
35
20*
Atlantic Min'g.
26
"
35
Baltic Mining..
19*
(Phil) so
BethBteel
188
BleoLt.(Bost)100
Boston
46
Osmbria Iron.. (Phil) 50
83
(Bait) 100
Canton Co
80*
Osnten Mining. (Bost) 25
14
"
25
Central Oil
31
50
(Phil)
Sup.
Lake
Con.
12*
"
60
Pref
1
6
Danv. Bessemer "
"
10
4*
Dlam State St
118
100
TJomin Coal pf. (Bost)
dlsonBl 111... " 100 313
10*
also Co of Am?. (Phil) 50
16
VrankllnMln'g.(Bost) 86
100 164
©snsrai Bleot.. "
141
"
100
Prsf
Gen BlAuto-M?( Phil) 50
11
Ind-Bgyu Com?(Bost)100
10
2*
IntButHASM "
"
40
36
IslsBoyale?....
50
Rub..
(Phil)
Manufao
1%
"
60
Pref
*
MarylandBrew.(Balt) 10C
1*
"
Preferred.,,
100
7*
Margenthalsr..(Bostnoo 190
20*
J*
27
27
190
• • • S
84
31
15
Plain 4s
885
38
28
28*
3*
39* 40
134* 135
30*
33* 23*
13
la*
*
84* 35
8*
"08
4
45*
{
m
46*
90* 100
{ioo* 100*
I 84
{114
I 76
a 15
84*
116
80
50
{116*
JAJ {103*
1010 JAJ |100
Chicago J uno 5S.1915JAJ {110
M gu5s.'31MAN { 99 100
M gen 5s.'21 J AD {103*
Chi A
01
Con. of Verm't 4s.' 18 JAJ
92
95
Curr't Rtv 1st 5s.'37 AAO { 94
1st
4s.'48
AAO
DGRA
98
i 90*
DomlnCoal lst6s.'13MA8 {110
W
W
{113%
Unst'p'd 1st 6s.'33 AAO {137
Ulln Steel oonv Ss.'lO JAJ I....
16*
166
143
18
8
41
2*
8
198
Debenture 5s. 1 1 3 AAO
K C CA 8 1st 5s g.'35 AAO
I....
{
94
KCFtSAGlst7s.'08JAD {113
K C F SAMcon 6s.'28M AN {112
K C M A B 1st 4s..'34 MAS { 97
Income 5s
K CA M RyAB 5s.'20 AAO
05
36
13
JAJ
Atl Coast L otf s 5s . JAD
Bait Beit 1st 5s. 1 990MAN
BaltCPaslst 5s.l91 1M&N
Bait Fundg 5S.1910 MAN
Bxohange 3*s. 1030 JAJ
BaltAPlst6sml 1911 AAO
1st 0s tunnel 1011.. JAJ
Bal Trac 1st 5s.l920MAN
s
90
98
117* 118
104
8
W
111
113
117
120
ChasRyGAE15s'00MAS
CharlCAA ext5s.l910JAJ
AAO
2d 7s 1010
CityA8ub lst5s.l922JSD
CityA8ub(Wash)lst5s'48
Col&Grnvlst5-6.1917JAJ
Consoi Gas 6s.. 1010 JAD
108
105
118
104
110
•
•
* *
121
105
115*
1039JAD 113* 118*
5s
Ga AAlalstpf5sl945AAO 105
GaCar&Nlst5s g. 1 929 J AJ 103 i'03*
KnoxvTrac lst5s'28AAO
Lake RBI lstgu5s'42MAS
MaconaNlst 4*s '0OMAS
Maryland Brewing 6s
MetSt(Wash)lst5s'25FA
New Orl Gas 1st 5s...Yar
115
124
118
95
120
lis*
06
57* 57*
NewpNAOPlst5s'88MAN 106
St 1st 5s '44. JAJ
Norfolk
North Cent 4*s.l035AAO
JAJ
6s 1004
Series A 5s 1936.... JAJ
Series B 5s 1986.... JAJ
Pitt Un Trao 5s.l907 JAJ
07
U11BI
UnRyA
1 st 6s. 1 006 MAS
3d series 6s.. 1011 MAS
3d series 6s.. 1016 MAS
4th ser 3-4-5S.1031MA8
5tb series 5s. 1028 MAS
Va (State) 3s new.'S2JAJ
Fund debt3-3s.l0OUAJ
V irg Mid
110
116
108
120
120
116
95
110*
*
05*
60
95
07*
76* 75*
110
120
122
100
111
01*
90*
33
Sept. 24
Aug. 13
95* Mar.
857 107
3,028 136
4,508 251
4,319 42
60 895
27,784 13*
6,418 50
10,09*
1,046 ss*
27.S70
1,678
19,800
6*
3,313
5
1,806 16*
06
140 121
22,245 14
30,880
2
17,018 *105
1,726 13*
040 30
1,300 40
09 61
Jan.
80* Mar.
3* Nov
1* Jan.
137* Jan.
Mar.
2 118
1 156
Oct.
Jan. 18 341
2 85*
Jan.
a
5
3'
16
a
«
If
Jan.
N>v. 15
Oot 17
Apr.
May 80 815
3
Nov. 15
'*Feb.
62* June 18
Sept. 28
Mar. 5
*
Jane 25 51 Mar. 31
June 22 122 Feb. 88
Ju iq 85 57* Feb. 3
Jan.
58*
3
Mar.
Nov.
1
Oct.
8
Nov, 8
Jan. 88
Oct. 28
13
8
Oct. 18
0*
21* Oct, 22
103* Mar. 28
Oct.
4 140
Mar. 14 20
July 30
6*
Sept. 35 160*
Oct. 10 25
Oot. 18 38
Jan.
Jan.
+ $50 paid
rights
35
•
in.
Nov
51*
ls»
5
7
18
8
Jan.
Jan. 11
a
Jan.
Nov, 18
Nov 16
.Tan
66 Mar 88
185 paid.
BONDS
Bid.
Ask
Baltimore— Conolu'd.
West N C oon 6S.1014 J AI 117
WestVaCAPlst6g.'llJAJ 115*
Wil A Weld 5s. .1035 JAJ 119
Bonds- Philadelphia
AlleVyEext7sl01OAAO 185
Asphalt Co 5s tr otf s
78% 78*
Atl City 1st 5sg..'19 MAN
115*
Balls Ter 1st 5s. 1926
JAD
03
96
BergABBrewlst6s'21JAJ
B Boro Gas 1st 5s.'38M&3
Cambria Iron 6s.l917 JAJ
ChesAD Canlst5s.'16 JAJ
ChooOkAGgen
5s'19JAJ
Cit's'8tRy(Ind)oon 5b.'33
Col urn St Ry 1st oon 5s.' 3 2
Con Trao of NJlst5s..'33
Del A B Bk lst7e.'05 FAA
Edison Bleo 5s stk tr ctfs.
BleoA Peop's Tr stk tr ctfs
BlmAWilm 1st 6s. 10 JAJ
Inoome 5s... .2862 AAO
Bq 111 Gas-L 1st g 5s. 1928
Hestonv M A F oon 5s. '24
HA B Top oon 5s.'25 A 40
Indianapolis Ry 4s.. 1933
K C Sub B 1st 6s..'20 JAD
Lehigh Nav4*e..'14 Q-J
RR4sg.
1914 Q-F
Gen M 4*s g.. 1924 Q-F
Leh VC'l lst5sg.'33JAJ
Leh Val ext 4s.. 1948 JAD
2d 7s
1910 M4S
Consol 6s
1923 JAD
Annuity 6s
JAD
Nat Asphalt col 5i
New'k Con Gas 5s '48 JAD
Newark Pass con 5s. 1930
NYPhilANorlst4s '39JAJ
Income 4s ... 1 939 MAN
No Penn
1st 4. ..'36
GenM7s
MAN
106* 107*
107
117
HI*
99* 100
105
108*
116
76
• s s
s •
•••ssi
113*
103*
117
188
« s
s s
••
••••••
130
is*
••••
•
104
103*
83
• • s
•
10O3JAJ
Penn gen 6s r... 1910 Var
Consol 6s o. ... 1 905 Var
Consol 5s r. ... 1910 Var
Penn A Md Steel oon 6s.
Pa A N Y Can 7s..'06 JAD
Cons 5s
1039 AAO
Cons 4s
1030 AAO
Penn Steel 1st 5s. '17 MAN
People's Tr tr certs 4s.'43
100
136
Phl'.a Elec gold trust otf s
100
ss
nidi
95*
117*
•
Mil
•
t
•
••••
•••
•••••1
•
••••
•
•••
•
••••
Trust oertfs 4s
68*
PhAKr gen M 5g.'20 AAO 130
Gen M 4s g.. 1020 AAO
Ph & Read 2d 5s.'3S AAO i'a'e'
Consol M 7s. .1011 JAD 180
Con M 6s g.. .1011 JAD
Bxt Imp M4s g.'47 AAC
110
109*
lst4s'4k).MA8 *97*
L,APtst4*s'30MAN
El
Income 4s 1040.... JAD
80
88
15
110
May
1*
07* Apr.
2
June 2
20
70
EastAA 1st M 5s. '20 MAN
•••••«
Ext A Imp 0S.10O1MAS 101* 102*
NoBaltDiv 5S.1042JAD 121
Conv'rtible5sl0O6MAN
Central Ry 6s.. .1012 JAJ
Consol 5S....1932MAN
Ext A Imp 5s.I 932MAS
Chas City Rylst 5s '23J AJ 106*
98*
1*12*
LB A8tLlst5sl030....
1st con lno 3s g non-cum
3d con lno 3s non-cum..
1st 7S.10O7
PotomVal lst5s.l941JAJ
8eoAvTn(Pitts)5s'34JAl>
Sav Fla A West 5s '34AAO
Seaboard A L 4 s 1950....
Loan certf s 1002. ......
Beab A Roan 5s.l026 JAJ
99
90
95
{105
K C St Jo A C B 7s.'07 JAJ {110
L RookAF S 1st 7s.'05 J Aj {105
MAS
Gen 4s 1043
Mar II A Ont 0s... '25 AAO 1117
Mex Cent 4s g.. 1011 JAJ { 79
A Ch
GeorglaPlst5-0s 1922J&J
GaSoAFla lst5s.l945JAJ
Fr BlkAM Y 1st 6s '33 end {137
115
Ex
t
.
200
27*
3
Bonds— Baltimore.
5s
A Pot
Anacostla
Atl
6s. '18
M 6s g.'06 MAS
dlv.
I
AtlG-Lightlst5sl917JAD
Oh A No
1st
ex
1st mort 8s.. ..1905 JAJ §100
• s
Rutland 1st 6s.. '02 MAN {108* 104
Torrington 1st 5s 1918...
108
West End St 5s. .'02 MAN
1914 MAS
4*s
107
1010 MAN
Deb 4s
3*
Oh Bur AQ4S.1022FAA {100
Iowa Dlv 4s. 1010 AAO {103
Basfn
is
6
.
8*
Lowest
81* Jan.
10,973
7,570
1,873
31,445
13,045
52,110
Ask.
40* 49*
.
...
(Boston) .... 50
*«
"
...
. .
-
«
Non-exempt
I
A Mfg.
Bid. Ask
BONDS
Boston— Concluded.
8* 3* NewEng con gen5s'45JAJ i
16
10* N B Cot Yarn 5s 1020FAA 1103* 104
09
NBGas AC 1st 5s.. 1037 03
4*
3
New Bng Tele 6s. '00 AAO {100
1
1907 AAO {108
6
3* 3*
NYANBnglst7i.'05JAJ i ... 114*
77* 78
Bid.
1
.
(Phila.) ....100
Bleotrio
Preferred
b 9 18-16 16-18
70*
'
Amer. Cement? (Phil)
73 238
034 t95
3 241
118 187
.
WelsbachCo.
•84
8TOCKS
• - »
33
Preferred?
New Bng. Cotton Yarn, pref
New England Telephone
49* 51* Westingh.
',
Bid. Ask.
-BONDS
INACTIVE
MISCBLL.—Concluded.
RAILROADS.— Prices Nov. 16.
l*x Tele ohon* (Bost) 10
34* 85
Amer.Railwajs(Fhil) 50
NewBngGsAC ? " ....
AV. A Charlotte(Balt) 100 187
173
176
New Hav 1& 8. (Phil) 6
Bos & Maine pf.(Bost) 10C
100 300 303
No Am G Dredg(Bost) 10
Boston A Prov. "
13
25
"
100
14* Old Col Mining. ""
Central Mass...
63
25
Osceola Mining.
05
100
Pref.
"
100 161
Palmetto Co.... (Phil) 25
• • S
GormAPassum
"
270
100
280
ParrottSilACop(Bost) 10
Conn River....
23*
Perm EleoVeh. (Phil) 50
OonsoiTr Pitts? (Phil) 50
50
"
00*
Pref
60
"
Pref?
50
Pennsyl Salt... "
0a South A Fla(Balt)100 45
Pennsyl Steel?. "
....
"
100
1st pref
81* 95
7a
"
100
76
Pref?
"
100
3d pref
Quinoy Mining. (Bost) 85
9'rmant'n Pass(Phil) 50 148
45
Rhode Isl Min. (Bost) 25
60
HestonvMAT "
73
5
Santa Ysabel G "
"
60
Pref
"
8usqueIAS?..(PhU) 5
100
Inds Street
33
25
35
Tamarack Min. (Bost)
KG FtS AM..(Bost)100 102 105
Tidewater St.. (Phil) 10
" 100
Pref
" A" ( Bost 25
50
55*
Torrington
Sohuylk.(Phll)
Little
"
25
Pref
Maine Central. (B so) 100 100 i(63"
69
35
UnCopLAM'g "
Minehlll ASH. (PhD) 50
"
50
60
UnElL&Powpf
(Bait)
Nesquehon'gV.
50
United Fruit (Bost) .100
HorthPenn.... "
38
29
35
Un Shoe Mach.. "
Pore Marqu'te.(Bost)l00
04
"
65
35
Pref
....
"
100
Prof.
"
25
US Mining....
Phil Germ AN. (Phil) 50 154
"
8*
HorseCoL
(
Phil)
1
.<...
U8P
Bys Co General?
10* 10% Utah Mining.. (Bost)4'85
(Bait) 100
Seaboard
24* 35
Warwick I AS. (Phil) 10
"
100
Pref
Welsbaoh Com? " 100
United N J.... (Phil) 100 270
82*
50
35
Westm rel Coal "
UnPowA Trans "
WlDona Mininx(Boit) 35
60
United Tr of P. "
"
Min.
25
Wolverine
"
50
Pref
Bonds— Boston.
West Bnd pref. (Bost) 50 113 118*
Am BeU Tel 4s. .1908 JAJ
West Jer A 8 8. (Phil) 60 00*
A TAB F gen g 4s '95 AAO
60 S • S S s
WestNYAPa. "
14
Adjustment g 4s.. 1095
16
Wis Cent, new.(Bost)100
36
Boston Term'l 3*8.. 1947
88
"
100
Pref
Bos Un Gas 1st 5s. '39 JAJ
Wor Nash A R. " 100 135 130
1930 JAJ
2dM5s
MISCELLANEOUS.
3
8* Bur A Mo Rlv ex'pt 0S.JAJ
Allones Mining (Bost) 25
•
"
....50
"
.... 60
(Boston) .... 1 00
ISO*'
"
....100
20 Old Dominion Copper?...,,,
"
.... 25
3* Philadelphia Blec? 2* paid (Phila.)
125* United Gas Improvement?..
"
.... 50
15 United States Oil...
(Boston).... 25
•138
31* 81*
49* "49* "49*
.
8* N<Uonal Asphalt?
8
27* 28* 28*
3
3
3*
3% 3*
135* 135 125* 134%
•63
STOCKS
129
,.
25
10
25
50
....
....
....
.
.
•18* 18*
wa made.
sale
105*
50*
57* 57*
9* 10*
57*
9*
"
"
"
,,
paid . . , ( Phila. ) . . . .
Consolidated Gas....
., (Bait.) ....100
Dominion Coal
(Boston) .... 100
Brie Telephone
"
....100
Federal 8teel
"
....100
Lehigh Coal A Navigation. (Phila.) .... 50
Marsden Co?
"
....100
105
49
•101
139
87
123* 136
do
44
100
49
T..
Boston
59
61*
43* 43*
88*
18* 19
27* 20
15
•Bid and ssked prices
19
•99
15*
A Montana
ButteABoston
Calumet A Heola
18* 19* Cambria Steel, f 4*
324
830
825
9*
8*
8
18* 18*
16
33
64* 06
,
....
....
(Boston). ...100
"
...,100
80
Preferred!
"
....100
3* American Alkali
(Phila.).... 50
"
.... 50
* Preferred, 910 paid
133
Amerioan 8ugar Refining?. (Boston). ...100
117
Preferred!
"
....100
155* Amer. Telephone A Tel.Co.T
"
....100
329
67* 89* 69* 71
•810
820
815
815
338
60
810
18* 19*
59* 00
43* 44*
•09
124* 185
14
9*
8%
"
50
"
50
(Boston).... 100
"
....100
paid. (Phila.).... 50
(Bait.)
.... 50
,
"
.... 50
,,
(Boston).... 50
04* 95* Amalgamated Copper?
29* 29% Amer. Agrioul. Chemical
3*
*
18* 10
18*
60
59
59* 50* 58
68
57
43* 44
43*
43* 45
43* 46
103 103
103 105* 105
103 103
•103 104
47*
49* 47* 48* 48*
48*
48* 48* 50*
r
57* 67* 57* 57* 57*
67* 58
5 <% 68
18* 19*
Highest
Miscellaneous) Stocks.
30
me*
835
67
800
. . . .
,
92* 93* West Bnd Street.
92
189*131* 130* 133* 138* 132* 128* 130* 130* 131* 181
117 117
117 117* 117* 118
118 118
117 117
153 153* 158* 154
153 168
155*
158* '58* 153 154
320
03
•795
. .
. .
44*
138*
86*
Lowest.
Railroad Stock*.
249
249
157
in 1900
of
of the
Week.
Shares
Indicates unlisted.
IT
Nov. 16.
349
157
849
157
•301
204
70 3-16 70*
70
19- "5
9*
31
250
157
76
204
Friday,
Nov. 15.
Nov. 14.
250
157
••••••
803* S03* •301* 303* 301
69?g
•98
Wednesday Thursday,
Tuesday,
Nov. 13.
M of '82 4s.'37 Jiu
Terminal 5s g.1041 Q-t
Con
103*
1*4*
PWHABalt4s.l017AA>
Collat trust 4s. 1021 JAJ
Read Co gen 4s, 1097 JAJ
109*
.••••
80* 00
Rochester Ry oon 5s. 1030
SohRBSldelstSs g'35J AD iii*
Scran Trao 1st lis '33MAN
United N J 4s..l044MAr
114* 116*
nnTraoPtttsgenS«'07J*
Weisbach s f 5s 1030. JAD 75* •••
.
lAnd
interest.
tfl-5
•
pais
•Price inoiudes ovsrdus ooupc ns.
L.
—
....
November
.. .
. ..
..
..
...
.
.
.
..
..
.
1
THE CHRONICLE.
17, 1900. J
[mrjestmjent vcn&
1007
%ddlxou& %nUlliQmtz.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
oan be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
oolumns the earnings for the period from January 1 to and including sach latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest Cross Earnings.
ROADS.
Week or Mo
Current
Tear
Jan. 1
to
Previous
Current
Previous
Tear.
Tear.
Tear.
»
Septem'er.
Adirondack
Ala. Gt. South.. IstwkNov.
Ala. Midland... Septem'er.
Ala.N. O.&Tex as Pao.Juu
N.O.&N.E... 4thwkOct.
Ala.&Vioksb.
Vioks.Sh.&P.
Allegheny Val..
Ann Arbor
An.Was.&Bal..
Ark. Midland...
Atoh.T.&S.Fe.
4thwkOct.
4thwkOct.
July
IstwkNov.
Septem'er.
August
18,308
43,220
82.901
62,000
37,000
38,000
298,335
35,071
5,193
8,806
Septem'er. 4.389,555
Atlanta* Char. August
224,040
40,384
Atl. Knox.&No Ootober ...
63,48 S
Atlanta &W. P.. Septem'er.
20,673
At.Val.Vsta&W October
12,830
Austin &N' west May
14,351
Bait. & Lehigh. Septem'er.
Bait. &Ohio..> October... 4.110,601
B.&O. Sou'w. J
128,996
Bang'r&Aro's'k Septem'er.
3.706
Bath & Ham' nds Septem'er.
3,502
Bellefonte Oen. October
4,536
Bridgton&S.R. August
52,327
Brunsw'k&W'st Septem'er.
106,270
Buff. R'oh.A Pitt IstwkNov.
63,167
Buffalo & Susq. Septem'er.
83,552
Bur.C.Rap.&N. IstwkNov.
Canadian Pac. IstwkNov. 644,0 x,
161,754
Cent, of Georgia IstwkNov.
62.959
Central N.E.... Septem'er
Central of N. J. Septem'er. 1,247,128
Central Pacific. Septem'er 1,819,049
2,814
Cent. Pa. & W.. August
50,323
Oharlest'n<teSav septem'er.
1,818
Ohattan'ga So. IstwkNov.
257,541
Ches. <&Ohio.... IstwkNov.
833,871
Chio. & Alton.. Septem'er.
Chlo. Bur. &Q.. Septem'er. 4.772,004
Chlo.& East. III. IstwkNov. 107,792
122.020
Chlo. Gt. West'n IstwkNov.
71,994
Chlo.Ind. &L... IstwkNov.
826,253
Chlo.Mll.&St.P. IstwkNov.
Ohlo.& N'thw'n. Septem'er. 4,002,116
Obio.Peo.&8t.L.
Ootober
132,879
. .
i
144.229
1,723,245
715,518
22,152
45,470
78,539
57,000
35,000
31,000
306,732
28,192
6,140
8,481
153,064
1,651,673
612,973
1,573,971
1,363,660
631,-87
6 10,663
570,959
546,504
1,935,087 1,750,896
1,445,756 1,370,187
50,477
47,012
66,134
78,175
3,983836 35,044,326 30,290,780
202,687 1,647,705 1,4.6,930
40.087
363,170
328,7*2
59,931
508,802
451,882
16,493
177,517
98,706
11,004
62,779
53.094
105,344
18,212
103,057
3.745,598 36,741,757 31,244,261
963,800
117,927
793,010
20,276
3,841
20,344
35,339
3.689
26,293
26,081
4,118
23,334
501.841
64,632
492.450
96,421 4,882,961 3,406,882
454,605
83,820
566,884
108,102 4,131,875 4,206.176
683,000 5,349.443 23,965,416
142,718 5,474,350 4,783,179
498,066
67,853
529,289
1,334,293 11,518,444 10,867,616
1,878,827
16.648
2,406
14,425
40,468
557,038
516,987
88.518
1,799
68,0d7
268,107 12,129,017 10,475,947
699,876
4.652,258 35,248,762 32,933,430
114,723 4,432,317 4,095,083
120,121 5,821,490 5.4L0.722
82,363 3,513,343 3,245,938
968,791 34,946.^10 33,917,337
4,177,484 31,578,087 30,170,548
127,690 1,161,242 1,059,000
8t.L.C.&St.P.
©bio.R'kl. &P. Septem'er. 2.460,515 2,419,468 18,355,152 16,375,663
Chio.St.P.M.&O Septem'er. 1,080,907 1,098,985 7,290,361 7,549,801
27,841
25,384 1,151,531 1,069,651
Chlo.Ter.Tr.RR IstwkNov.
Choo.Ok.&Guli Ootober... *350,000 *134,896 * 2.449,473 * 1,457,906
78,801
89,941 4,258,759 4,039,3il
Cln.N.O.&T.P. IstwkNov.
44,053
326,852
271,093
35,403
Oin.Ports.&Vir Ootober...
342,512 346,745 14,476,073 12,951,181
01.0. Oh. & St. L. IstwkNov.
43,024
47,209 2.011,247 1,721,696
Peo. &East'n. IstwkNov.
37,349
36,264 1,843,460 1,536,595
Cl.Lor.& Wheel. IstwkNov.
179,208 151,911 1,286,290
935,931
Col. Midland.... July
Colorado & 8o. Septem'er. 391,463 379.305 3,231,363 2,822,899
13,903
128.768
113,938
12,456
Col.New.A Lau. Septem'er.
18,447
933,136
693,025
16,494
Ool.8and'y&H. 1 stwkNov.
227,462
181,545
17,836
Cornwall &Leb. Septem'er.
22,945
108,148
758,322
682,121
99, "24
Oumb'l'd Valley Septem'er.
Denv.&RioGr.. IstwkNov. 225,200 202,6 JO 9,286,2*5 8,084,227
Denver&So'w'n Septem'er. 200,972 209,083 1,848,669 1,529,278
560, '82
Det.&Maokinao Septem'er.
69,858
710,358
63,179
42,626
DuluthS.S.&Atl IstwkNov.
53,644 2,243,067 2,039,324
13,613
132,696
118,588
E.8t.L. &Car.. October .
13,559
179,190 166.021 1,650,217 1,491.685
Elgin Jol.&East October...
Septem'er. 3,118,901 3,410,696 27,757,399 26,738,909
Erie
5,852
283.90o
307,795
Ev'ns.&IndVplis IstwkNov
7,917
24,250
Evansv. & T. H. IstwkNov.
25,804 1,198,851 1,192,420
11,595
88,887
98,020
Plnd.Ft.W.&W. Ootober .
12,160
163,074 143.806 1,198,854 1,118,700
Ft. W. A Den. C. Septem'er
435.011
403,960
PtW.&RioGr.. istwkNov.
16,707
10,742
9,y03
1,536
12,971
Gads.&Att.U.. October
1,677
IstwkNov
35,487
Georgia RR
34,679 1,469,740 1,355,449
583,820
93,236
645,476
Georgia & Ala. June
88,519
843,568
106,826 101,521
992,789
Geo. So. &Fla.. October .
306,314
284,031
GilaVal.G.&N. Septem'er
24,416
28,452
Gr.Tr'nkSyst'm IstwkNov. 463,664 461,131 19,532,918 18,738,787
Det.G.H.&M 3d wk Oot.
790.015
799,533
22,737
21,574
.
. .
,
.
GreatNorth'n8t. P. M. & M..
East of Minn
Montana Cent
Tot. system
Hooking Valley
Hous.&Tex.Cen
Illinois Central
Illinois South'n
Ind.Deo.
Ind.
111.
&Weet
& Iowa.
In.AGt.N'rth'n
ilnteroo. (Mex.)
Iowa Central...
Iron Railway.
.
Kanaw'a&Mioh
K.C.F.8c'tt<fcM.
K.C.Mem.&Bir.
Kan. C.N. W...
Kan. City Sou..
K
C. 8ub. Belt.
LenlghA Hud..
Lehigh Val.RR.
L«h. V. Coal Co.
Ootober
2,325,735 2,748,884 18,740,165 17,850,452
Ootober
505,065 485,816 3,300,526 2,538,687
October
192,526 181,855 1,638,394 1,616,112
Ootober
3,023,326 3,416,555 23,679,085 22,005,251
Istwa Nov
90,810
89,897 3,910,304 2,914,558
Septem'er. 456,123 476,5o3
October... 3,309,986 3,012,462 28,172,221 24,463,567
Septem'er.
10,525
82S,379
379,612
July
55,100
55,928
Septem'er.
86,802
104,621
IstwkNov,
107,831 111,678 3,365,595 3,380.148
WkOct.27.
74,420 3,282,200 3,262,630
77,600
4thwkOot.
87,024 1,842,296 1,900,774
66,061
51,281
54,108
Ootober...
6,101
4,306
559,653
706,024
IstwkNov
14,530
13,858
IstwkNov.
109,441 4,935,444 4,376,507
109,659
IstwkNov.
34,860 1,476,155 1,281,439
33,898
278,279
Ootober
317,283
34,970
37,273
IstwkNov.
80,305
85,129
IstwkNov
10,776
10,783
408,628
386,190
Ootober...
41.662
31,638
Septem'er e2034485 e2433047j 18,500,774 17,369.910
Septem'er. el956997 el767248 18,990,983 12,844.944
186,681
261,389
Septem'er
24,010
27,294
. .
.
.
.
Lex'gton&Eaat
LonglslandRR. Septem'er.
Latest Cross Earnings.
Latest Date.
!
3,583,759
3.502,687
ROADS.
Week or Mo Current
Tear.
Long Is. System August
Los Ang. Term.
October
.
.
stwkNov.
Lou.H.&St.L.. 4thwkOct.
Louis. & Nashv. IstwkNov.
Macon ABirm.. October
October
Manistique
(Mexican Cent. IstwkNov.
Louls.Ev.<feSt.L
i
. .
. .
Mexioanlnter'l. *eptem'er.
;Mex. National. IstwkNov.
Mex. Northern Septem'er.
Mexican Ry... WkOoc.27.
I
*d wkOct.
Mexican So
Minne'p.&St.L. IstwkNov.
M.8t.P.<feS.St.M
IstwkNov.
Mo.Kan.&Tex. IstwkNov.
Mo.Pao.&Ir'nM IstwkNov.
Central Br' oh. IstwkNov.
IstwkNov.
Total
Mob.Jao.&K.C. WkNov.lO
Mobile & Ohio.. October...
Mont.&Mex G'f October
Nash.Oh.&St.L. October...
. .
Nevada Central August
N.Y.C.&H.R.. October...
N.Y.Ont.&W
Septem'er.
N.Y.Susq.&W. Septem'er.
Norfolk*! West.
North'n Centra)
North'n Pacific
Ohio River
Ohio Southern.
Pac. Coast Co...
PaolfloMail
Pennsylvania^
stwkNov.
Septem'er.
IstwkNov.
IstwkNov.
July
Septem'er.
Septem'er.
Septem'er.
Penn&No'w'n. July
Pere Marquette IstwkNov.
& Ev. 4thwkJuly
Phila. AErie... Septem'er.
Peo. Deo.
Wilm.&B. Septem'er.
Phil.
Pitts. C.C.&St.L
Septem'er.
Pitts.Bes.&L.E. IstwkNov.
Pitt.
Ch.&Y'ny. August
Pitts.Lisb.&Wn June
&
Current
Previous
T'ar.
Tear.
626,900
8,862
38,654
18,384
4,061
14,325
66.894
81,484
348.514
556,000
17.000
573,000
Latest Date.
Tear.
12.388
37,541
315,016
435,42*
120.697
«8,«18
78,700
to
Previous
646,972
20,919
545,170
11,007
Jan. 1
3,281,092
133.718
1.710071
532,901
548,660 23,505,421
7,418
77,150
96,442
6,544
311,688 14,734,924
357,011 3,926,653
128 96H 6,670,738
58,307
507,675
95,8 JO 3,727,000
14,746
677.185
59,973 2,479,440
126 066 3,978.035
293,042 10,956,574
577,000 25.398,032
29,oOt>
1,160,518
3,252,402
100,730
1,514.736
496,073
21,716,596
53,981
70.836
12,889,108
3,413,647
5,922,426
602,192
3,754,400
616,329
2,333.681
3,902,119
10,120.110
23,3- 0,444
1,070,729
24,401,173
68,601
c 4,253,021
1 ,075,883
a5,280,415
15,959
42,909,143
3,586,430
1,879,271
10,710,863
5,069,564
24,277,807
1,001,439
401,934
606,000 26,568,550
2,525
110,421
2,438
C562.400 C527.041 c4,88 1.294
109,377
102,556 1,158,379
a725,243 a643,456 a5,846,908
2,828
22,304
2,61
5.027,623 5,005,877 45,732,480
e:>78.6ll e459,519 3,642,923
163,049 233,308 1,747,232
282,951 242,497 12,730,768
626,519 676.419 5.697,964
724,277 712,260 26,762,781
31,626
31,311 1,237,710
52,547
455,501
55,710
484,471 477,240
308,366 271,310 2,774,575 2,736,090
7,238,539 6,644,439 62,251,906 52,461,506
411,526
54,094
52,598
384,107
156,405 143,411 6,960,411 6,210,911
524,544
23,161
25,610
464,332
502,898 528,816 4,203,617 3,698,394
963,090 954,990 8,466,206 7,735,306
1,548.478 1,721,148 14,008,949 12,997,155
48,343
41.251 2,055,00
1.550,846
127,847
16,471
17,201
117,797
4,809
4.088
29,003
22.854
35,206
38,388 1,221,861 1,046,020
704,464
20,002
21,104
546,359
10.110
268,665
10,66 2
223,634
69,039 3,365,967 2.906,343
70,066
3d wk July
3d wk July
Pitts. Pa. &F 3d wk July
Total system IstwkNov.
Reading Co.—
Phil. & Read. Septem'er. 2,862,124 2,244,774 20,230,629 17,529,428
West'n..
Pitt8.01.&Tol,
Pitts.
Coal & Ir.Co.e Septem'er. 2,712,918
Tot.both Co's. Septem'er. 5,075,042
Rloh.Fr'ksb&P Septem'er.
75,552
Rio Grande Jot. August
49,706
Rio Grande So. IstwkNov.
11,672
Rio Gr'de West. IstwkNov.
65,400
St. Jos. & Gr. I. Septem'er.
133,314
St.L.Ken'et&So October
13,139
St. L. & n. Ark. August ...
10,049
St.L.Van.<feT.H October...
182,376
8t.L.&8anFran. IstwkNov.
187,737
St.L. Southwest IstwkNov.
168,400
San.Ant.&A.P. Septem'er. 252,075
SanFran.&N.P. Ootober...
88,815
S.FePres.&Ph. IthwkOot.
26,447
Sav.Fla.&West. Septem'er.
341,324
Seaboard Air L. July
824,124
Sher.Shrev.&So IstwkNov.
18,298
811. Sprs. O. & G. Septem'er.
11,463
8o. C.& Ga.Ext. Ootober...
29,629
8o. Haven &E.. July
6.435
So. Miss. & Ark. Ootober
19,205
So. Pacific Co. 6. Septem'er. 5,780,176
Cent. Pacific. 8eptem'er. 1,819,049
Gal.Har.&S.A Septem'er. 514,736
Louls'a. West. Septem'er.
137,296
Morgan'sL&T Septem'er. 596.124
N.Y.T.&Mex. Septem'er.
23,737
Tex.AN.Orl.. Septem'er
211.246
So.Pao.ofCal. Septem'er. 1,572,922
So.P'c.ofArlz. Septem'er.
292,174
So.Pao.ofN.M Septem'er. 155.262
Southern Ry.... stwkNov. 648,947
TerreH.&Ind.. October . .
154,174
TerreH.&Peor. Ootober...
59.730
Texas Central. 4th wk Oct.
22,372
Texas & Pacific. IstwkNov. 210,705
Tex.S.V.A N.W. Septem'er.
16.5O0
Tol.&OhioCent. IstwkNov.
47,562
Tol.P.&West... l stwkNov.
22.047
ToL8t.L.&K.C. 3d wk July
37.225
Union Pac RR.. Septem'er. 2.398,063
Oreg.RR.A N. Sentein'er. 756,518
Oreg.Sh.Line Septem'er
880,489
Total
Septem'er. 4,035,070
Wabash
istwkNov. 320,455
W.J'rsey&Sea'e Septem'er. 351,008
W.V.Cen.&Pitt. Septem'er.
95,328
Western of Ala.. Septem'er.
71,482
West.N.Y.&Pa. 4thwkJuly 114.100
Wheel. &L.E. i
61,578
Olev.C.&So t IstwkNov.
Wisconsin Cent. 2d wk Nov
94,500
Wrlghtsv.&T'n. Septem'er.
17,022
Yazoo&Miss. V. Ootober... 592,679
York Southern.. Septem'er.
8,257
. .
. .
l
2,757,161 18,502,86( 19,184,744
5,001,935 38,733,489 36.714,172
770,421
73,^03
698,063
343,571
45,371
263,104
458,846
413,902
10,630
64,100 4,095,626 3,202,911
135,419 1,005,334 1,016.414
11,900
87,708
82,639
8,163
181.83H 1,619,079 1,529,491
149,289 7.409,454 6,420,577
124,100 5,126,081 4,756,422
265,992
82i',658
8'6i",55i
92,667
24,705
818,373
739,512
326,671 3,474,580 2,872,752
718,911
409,225
11,637
298,497
23,052
197,471
241,885
24,200
218,508
187,376
5,550
26,954
21,528
152,lb9
102,688
11,799
5,817,986 46,691,505 43,827,061
1,878,827
605,281
106,766
574,840
31,201
158,563
1,592,977
285,166
155,421
648,879 27,164,563 24,569,129
145,742 1,343,147 1,252,073
414,518
3o7,520
46,173
353,041
11,458
256,963
174,821 7,431.228 6,680,463
10.900
93,180
63,968
40,772 2,147,582 1,669,983
952,491
20,918
873,753
965,729 1,038,170
42,036
2,218.164 17,458,896 15,352,404
680,311
749,804 6,637,321 5,707,585
3,648,279
313,177 14,247,779 13,116,207
321,508 2,832,191 2,497,991
86,511
544,030
68.718
494,182
119,000 2,075,556 1,938,058
46,794 2,426,645 2,076,081
110,528 4,689.930 4,891,527
15.357
119,982
101,231
595,849 4,012,012| 3,872,352
9,372
68,133
61,802
Figures for Ootober are for the railroad only. 1 Mexican currency. § Covers results of lines direotly operated east of Pittsburg.
Includes Chesapeake A Ohio So'western, Ohio Valley and Ohioago and Texas for both years.
a Includes Paduoah & Memphis Division from July 1 in both years.
6 Does not include the Austin <fe Northwestern, the San Antonio & Aransas Pass or Houston <fe Texas Central system.
« Results on Montgomery Division are include* in 1900. from Jan. 1 and tn 1899 after July 1.
4 Includes St. Paul & Duluth from July 1, 1900.
t Anthraoite coal miners strike this year.
•
t
——
)...
.
Latest Gross Earnings by Weeks.
week of November.
abama
Gt. Southern.
Buffalo Rooh. & PlttabV.
Burl. Ced. Rat). & North
Canadian Paolflo
Chattanooga Southern.
Chesapeake <fe Ohio
Chioago & East. Illinois.
Oaio, Great Western
.
. .
& Loulsv.
OalcagoMilw. &8t Pan)
Term.
Transfer
Ohio.
Cin. N. O. & Tex. Pacific
Clev. Cin. Chlo. & St. It..
Clev. Lorain & Wheel'g.
Col. Sandusky & Hook'g.
Denver <& Rio Grande..
Duluth So. Shore & Atl
Evansv. A Indianapolis,
Evansv. & Terre Haute
Ft. Worth & Rio Grande
Calc.Indlan'lis
G "and Trunk
Intern'l
)
& Gt. Northern.
Kanawha & Michigan
.
.
Kan. City Ft. 8. <fe Mem..
Kan. Cltv Mem. & Blrm.
Kansas City Southern
Kansas City Sub. Belt...
Loulsv. Evansv. & St. L.
Louisville
&
Nashville
..
Mexican National....
Minneapolis & St. Louis
Minn. St. P. & S. Ste. M.
Mo.
Pacific
A Iron Mt...
& K. City..
& Western... ...
Mob. Jackson
orfoiK
Pittsb. Bess.
&
L. Erie...
Rio Grande Southern
Rio Grande Western
Bt- Louis & San Fran....
8t. Louis Southwestern.
Sherman Shreve. & So...
Toledo & Ohio Central...
Toledo Peoria & West'n.
Wheeling & Lake Erte.
OlevePd Canton & So i
Wisconsin Central
Total (62 roads)
Net Increase (0*07
1900.
1899.
a
43.220
35,071
106,270
83,552
644,00u
161.754
1.818
257,541
107,792
122,020
71,9^4
826,253
27,331
78,801
342.512
43,024
37,349
18,447
9
45,470
29 192
96,421
108,102
6S3.000
142 718
1.799
268.107
112,723
120.121
82.363
968,791
25,334
89,941
346,745
47,209
36,264
16,494
202,600
53,644
7,917
25,804
10.742
34,679
22 ,200
42,6 -'6
5,852
21,250
16,707
35,48;
463,664
90,810
107,831
14,530
109,659
33,893
85,129
10,783
37,541
545.170
315,0'6
120,697
66,894
81.484
348,514
556,000
17,000
2,525
282,951
724.277
31,626
156,405
49,343
70,066
11,672
65.400
187,737
168,400
18.298
648,947
210,705
47,562
22 047
320,455
61,578
100,000
461,131
89,897
111,678
13,858
109,441
34,860
80.305
10,776
38,654
548,660
311 68-i
128,968
59,973
126,"66
293.042
577,000
29.000
2,433
242,497
712,260
31,311
143,411
41.251
69,039
10.660
64.100
149.289
124,1"0
11,637
648,379
174,821
40,772
20,918
313,177
46,794
108,472
9,542,485
9.535,553
r>.e.\.
Increase.
week
1900.
of Oct.
1899.
2.250
24.550
39,000
19.036
19
10.566
4,931
1,899
10,369
142,533
1,947
--.
11.140
4,233
4,185
1,085
1,953
22,600
•>)»
16,493,862 14,823,689
Net increase (11-27
p. o.\.
Iowa Central. b
2,'»65
1,554
5,965
•>•
...
808
2,533
913
3,84
672
218
*••
--•-
•
7
><
962
1.H3
3,490
3,328
8,271
6,921
.-_
44,532
55,472
•
•
»
1
to Sept. 30.*.. 1,627,138
*i
••»
87
40,451
12,017
21,000
12,000
• •>•> •••
ft*
>
,., t ....
14,784
8,472
379,063
6.932
372 136
Increase.
1,825,291
Decrease.
*
183,944
5,000
2.000
7,000
"7,335
180
9,121
July
1
-10
to Sept. 30
.
1
to Sept. 3«>._..
..
8cuih. Mo. & Ar&.bOct
Jan. 1 to Oct. 31...
210,575
Roads.
Previous
Year.
$
$
$
4.110,601 3,745.593 1,472,770
Oct.
Bait. <te Ohio. b
Jan. 1 to Oct. 31. ... 36,741,757 3l,244,'i61 12,171,728
July 1 to Oct. 31... 15,459,317 14,170,700 5,131,332
813,924
Central Paciflo.b... Sept. 1,819,019 1,878,827
July 1 to Sept. 30... 5,415,494 5,369,437 2,416,796
371,141
149,058
358,233
Chic. Ind.&Louis. a.Sept.
Jan. 1 to Sept. 30 ... 3,071,930 2,800,912 1,077.491
395.492
July lto Sept. 30.... 1.045,199 1,083,088
209.083
200.972
Denver & Southw.bSept
Jan. lto Sept. 30 ... 1,848,669 1,529,278
Illinois Central. a. .Sept. 3,112,621 _2,737.105
Jan. lto Sept. 3o... .24,862,235 21,451,105
July lto Sept. 30.... 8,631,232 7.736,170
9
25,712
287.396
73,643
9
84,784
564,559
247,608
680539
640.862
973,031
1,128,66
>
220.370
b0,731
6,027
60,846
46,663
503.919
2,506.397
257,605
',2,134
1,061,231
4,974
48,052
36,030
533,188
2.342,465
1,053,420
10,382
22,265
13,403
22,611
291,532
11,799
102,683
t> Sept.
5,780,176 5,817,986
to Sept. 3u... 46,691,505 43,827.061
July 1 to Sept. 30 .. 16,868,642 16,253,954
Central Pacific b. Sept. 1,819,049 1,878,827
July 1 to Sept. bO.... 5,415,494 5,369,437
Gal.Har.&Sa' a bSept
514,736
605,281
July 1 to Sept. 30
1,471,933 1,524,895
Jan.
1
Lonislana Wesi.ti.Sept
137.296
106,766
July 1 to Sept. 3o
356,435
303,194
sLa.#Twx.DSept.
596,124
674,840
July 1 to Sept. 3o.... 1,596,593 1,581,396
S. Y Tex. & Mb. Sept.
23,737
31,201
July 1 to Sept. 30 ...
79,322
60,169
Texas &N. Oi» h.Sept.
211,246
158,563
July lto Sept. 60....
570,300
458,634
8o. Pac. of Oai.b.Sept 1,572,922 1,592,977
July lto Sept. 30... 4,588.427 4,530,984
So Pac. of. Ariz. »>. Sept
297,174
285.166
769.864
July lto Sept. 30 ....
825,955
8o. Pac. ofN M b.Sept
155,262
155,421
July 1 to Sept. 30 ...
455,032
441,710
ToL Peoria <St West. b Oct.
104,247
108,342
Jan. 1 to Oct. 31....
930,444
852,835
July 1 to Oct. 31....
417,058
393,977
Yazoo
,
& Miss. Va la Sept
432,570
to Sept. 30.... 3,4i9,333
July lto Sept. 30.... 1,103,893
Jan.
1
448,823
3.276,503
1,124,242
a Net earnings here given are after deducting
3,759,493 4,355,726
7,891,741 9,210,276
69,156
66,596
342,527
353,275
223,440
192,177
1,396,151 1,193,121
194,385
185,715
1,461,803 1,088,785
48,457
50.983
249,060
240,319
140,542
146,335
8.379
3,713
62,981
2,371,730 2,515,854
15,899,230 15,734,988
6,452,634 6,439.163
896,747
813,924
2,416,796 2.508,492
252.403
131,898
446,002
275,205
61,271
40,317
91,940
123,084
222,083
202,927
451,386
476,303
15,885
11.475
20.844
33,017
61,158
78,069
191,244
178,590
694.386
710,371
1,943,784 1,892,876
155.257
115,797
401.724
261,383
93,486
91,318
261,102
245,878
32,058
34,189
244,781
239,219
114,072
123,529
170.88
142,895
891,694
857,016
236.567
338,251
taxes.
b Net e wnlngs here given are before deducting taxes.
c Deducting other expenditures for repairs, replacements and genersl
expenses, net income applioab'e to interest on bonds In September
« as $110,o22, against $112,009 last year, and from Jan. 1 to Sept.
30 $1,171,880, against $1,142,477. This is the result in Mexioai dollars
creatbd (according to the company's method of keeping ltt accounts)
48 equivalent to 80 cents in United States money— that is, depreciation
beyond 20 per oent has already been allowed for.
1 1norease In expenses in September due to track repairs.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c, with the surplus
above or deficit below those charges.
-Int., rentals, etc.
—
r-Bal. of Net Earn':-.
Ourrent
Previous
Ourrent
Previous
Year.
Year.
Year.
Year.
Road*
— —
Net Earnings. —
Ourrent
Year.
307.840
19,205
152,169
southern Pacific
32,200
1,742
Eear.
43,647
.
410
Gross Earnings.
Current Previous
41.712
Jan. 1 to Sept. 30 ...
108,820
112,973
N Y. N. H. &HaTifordb—
July lto Sept. 30. ...10,389,506 10,693.981
Jan. lto Sept. iO... 29,405,052 28,970,422
Ohio River. b
153,101
132,451
.Sept.
Jan. 1 to Sept. so
1,05^,914
841,534
Pere ivUrquetre.a .Sept
780,6*1
678,862
Jan. 1 to Sept. 3o
6,083,131 5,404,920
J
528.H16
hlla & Erie.b ....Sept.
502,898
Jan. 1 to Sept. 3o ... 4,203,617 3,698,394
3an Ct. & N Pa < a.Sept.
103,267
97,805
70-1,884
Jan. 1 to Sept. 3o....
782,843
Long Island RR.—
Year.
9
1,399,345
9,016,v33
5,261,3J9
89 1,747
2,508,492
160,976
1,023,319
465,786
t84.013
110.038
798.437
723,983
934,833
863,336
6,218,543 6.385,225
1,998,148 2,276,319
*382,182
July 1 to Sept. 30....
355,288
345,853
*408,402
Manhattan ElevatedJuly lto Sept. 30....
Mo. Kan. & Texas. .Sept.
July 1 to Sept 30....
626,921
289,303
86 7,893
616,045
287.072
860,639
218,328
181,065
219,t>16
251.U6
193,338
222,781
4,885
4,776
*5,502
'8,768
Net Earnings Monthly to Latest Dates.—The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all Newb D'tchesa AConn.—
July 1 to Sept. 30 ...
roads from which monthly returns can be obtained, is given
N. H. & Hartf >rd—
latest
Y.
and
the
statement
N.
columns,
of
these
in
month
once a
July 1 to Sept. 30 ...
this kind will be found in the Chronicle of October 20,
Pere Marquette ..Sept.
The next will appear in the issue of Nov. 24, 1900.
1900.
Jan. 1 to Sept. 3o
.
Year.
Year.
Newb. D'tchesa * Conn.—
17,100
1,880,748
1,670.173
1.595,542
3,502,687
602,192
507,675
178.910
184,775
Mexican Telephope.Sept.
13,476
15,660
Jan. 1 to Sept. 30 ...
136.759
H3.382
Mar. 1 to Sept. 30....
89.552
106,480
Mo.Kan.&Texas.a.Sept 1,325,661 1,323,477
Jan. 1 to Sept. 3o .. 8,917.284 8.378.862
July 1 to Sept. 30.... 3,412,136 3,296,023
Jan. 1 to Sept.
MVn
315
12,994
7.092
1,027
1,012
1.300
38.448
44,300
6.661
563
35,884
6,790
1,129
7,278
Net Earnings.
Ourrent Previous
Jan. lto Sept. 30 ... 5,938,277 5,187,575 c2.817.839 c2,482,-20
Mexican Northern. Sept.
32,15'.
23.201
68,818
58,307
July 1 to Sept. 30
7
--.
9
236,115
—
Manhattan E'evated b—
638,310
July lto Sept. 30... 1,889,600 1,912,829
652.8?
Jan. lto Sept. 30.... 6,t07,659 6,487,014 2,746,080 2,541,7*2
Mexican National.. Sept.
576,451
C281.979 C280.366
624,475
4,824
- •
Year.
205.829
1,627,253 l,«s73,350
65 3,142
565,365
Sept
Jan. 1 to Sept. 30 ..
July lto Sept. 30...
July
• •»«
11,013
-
9
Jan. 1 to Sept. 30.... 3 583, 7 59
6 879
9,819
«*
Gross Earnings.
Current Previous
Year.
Roads.
July
9
~~9
9
9
Previously rep'd(61 r'ds) 15.728,083 14,086,736
Ala. N. 0.& Tex. Pac—
57,000
62,000
NewOrl. & No. East...
35,000
37,000
31.000
38,000
Vioks. 8h. & Pac
172.233
163.112
Cin. N. O. & Texas Pac.
53,450
60.785
77,420
77,600
16,045
15,6<5
Kansas City Sub. Belt
95,800
78,70.)
174,300
206,500
Rio Grande Western
24,705
26,447
Santa Fe Pres. & Phoenix.
,
LXX1.
Lone Island RR.t>—
Decrease.
For the fourth week of Oct. our final statement covers
71 roads, and shows 11 '27 per cent increase in the aggregate
over the same week last year.
<Lth
[Vol.
—The latest weekly earn-
ings in the foregoing are separately summed up as follows:
For the first week of November our statement covers 62
roads and these show 0*07 per cent increase in the aggregate over the same week last year.
A
1
THE CHRONICLE.
100S
1st
—
.
San Fran. &No. Pae.Sept
July 1 to Sept 30 ...
South Mo. & Ark.. .Oct,
—
Jan. 1 to Oct. 31
ToJ. Peo. & West... Oct.
Tuly lto Oct 81....
*
2,012,835
112,024
987,040
22 862
68.5S7
3,627
23,333
22,748
91 019
1,957,158 "1,790.631 •2,439,560
82,482
109.695
111,416
219,173
409,111
973,943
25,499
22,958
28,121
71,668
68,874
77,743
4,752
39,648
9.305
2 2,753
11,441
23,149
60,923
32,510
Alter allowing for other income received.
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for the
—
>*
..
..
November
2
. ..
...
.
THE CHRONICLE.
17, 1900.J
Gross Earnings.
Current Previous
Tear.
Roaat.
American
R'ys.
Week or Mo
Cur'nt Prev'us
Year.
Tear.
to Latest
14,791
10,702
10,718
. .
16,416
12,845
10,202
4,558
. .
5061
4.653
1,408
. .
. .
. .
.
IstwkNov.
Belle Isle
Total of all
IstwkNov.
Det. Rooh. Ro.& L.O. October...
Duluth Sup. Traot. ? Septem'er.
DuluthSt. Ry
I
Easton Consol. Elec. Septem'er.
May
Galveston City
June
Grand Rapids Ry
Harrlsburg Traction. Septem'er.
Previous
Tear.
Tear.
2,547
51,629
60.054
15,767
4,54.'
362 499
55,55:
14,761
101K4H? I02HI';
137,70^
16,522
633.043
66,63f
3,5c 9
194.615
14,494
85,677
247,810
7,684
116,568
30,141
11,393
"60",442
13,835
108,789
679,040 6,138,779 6,075,886
65.08*
665,350 592,275
2,37'/
20.2O1
30.193
143 174 1,696.827 1.1? 6,953
12.197
106,18.^
92,107
75,216 822,445
224.992
"88,253
8,273
86,709
129.344 963,586 924,177
27,278 1.3,0,744 1,154,365
10,360
467,244
379,459
4,58°
46,123
4.23'7
202,482 177,693
41,875 1,990.470 1,711,817
1,626
53,639
Jan. 1 to Oct. 31....
1 to Oct. 31.-..
Sept.
Seattle E'eo. Co
Jan. 1 to Sept. 30
Southern Boul. (N.Y.).bJuly 1 to Sept. 30....
Jan. 1 to Sept. 30...
39,147
25.006
18.545
48,885
30,001
32,86!
Tarm'wnWhiteP.&M.b—
4,469
8,35c
lon&F'kfortEl.Ry. Septem'er.
Internat'l Traction—
(Buffalo)
Johnstown Pass. Ry.
Kingston City Ry
Lebanon Val. St. Ry..
Lehigh Traction
London St. Ry. (Can.)
Lorain St. Railway..
Lorain & Cleve
Los Angeles Tract..
.
Mass. Elec. Co.'s.. ...
Metro.(Elev.)Chicago
Metrop.St.Ry.(N.Y.)
Montreal Street Ry..
St.
Ry
NewburgSt. Ry
New Castle Traction.
New London 8t. Rv.
Norfolk Ry. & Light.
Northern Ohio Traot.
Norwalk Tramway
Ogdensburg St. Ry..
.
8t. Ry
Omaha & Coun.
Glean
321.453
125,245
Northern OhioTrao.Oct.
Jan. 1 to Oct. 31
July 1 to Oct. 31
Rochester Ry. bJuly 1 to Sept. 30....
Jan. 1 to Sept. 30....
Soranton Railway. Oct.
July
l to Sept. 30...
Jan. 1 to Sept. 30....
Union Ry. (N. Y.> b.—
July
44.241
28,587
lP8.93e
85,14V
238,270
261,783
207,689
236,546
4,402
39,099
33,070
27,561
Septem'er. 246.484 21 8.206
Septem'er. 16,230 13,8 6
October...
5,022
4,508
4,91r
July
5,814
7,891October .
8,910
12.964
August
J1.541
8,54V
Septem'er.
7,829
Septem'er.
9756 8 973
August.... 14,692 12,845
August
644.018 613,385
October... 134,518 146.367
1237586 119881
June
Septem er. 161,526 146,18f
6,566
Septem'er
5,568
Septem'er.
9,812
9,028
October
8,385
8,845
6,9'
Septem'er
5,948
August
53,006
October
37,317 30,316
Septem'er
8,450
7,599
Septem'er.
2,641
2,64.
Septem'er.
4,189
4,290
July
Wotoester
73,607
72,142
76 068
72.033
126,985
105,615
3,545,700 3,218,811
St.
50.966
76,389
116,045
50,044
3 9.014
352,956
61,820
16 690
39,408
275.588
456.053
766,093
Buffalo
July
238,734
427,451
Cin.
617,74 8
63,55*'
,
387,375
Columbus Railway. Oct
Jan. 1 to Oct. 81....
85,677
822,445
342,599
989,783
65,082
592,275
143,174
1,186,953
75,216
98,889
262,383
24,818
200,768
103,219
15,542
168,888
16.657
40,170
15,279
35,239
8,199
14,269
6,029
9,213
23,549
43,590
19,676
37,821
9,825
11,022
9,681
11,510
241,485
626.669
166.881
669,800
211,748
524,673
149,179
610,719
122,438
268,187
76,892
305,506
94,934
175,590
298,419
57,173
132,076
51,464
116,620
13,625
8,690
7,531
2,746
5,977
3,504
2,568
1,211
7,414
53,551
6,960
51,380
4,267
21,130
3,668
14,913
54,296
134,656
55.694
128,083
23,578
45,645
28,179
46,125
69,1 f 9
.
Tear.
Tear.
9
9
Tear.
9
Tear.
9
to Sept.
30
& Cov... Oct.
129.387
12,478
123,803
27,828
110,864
12,104
123,242
19,858
'102,519
26,995
266,159
66,448
28,044
229,830
37,816
46,755
48,538
*12,452
*14,892
72,376
74,383
•29,372
26,713
4,479
4,159
3,720
1,870
4,317
4,272
5,511
*5,418
36,031
41,794
43,549
41,796
86,407
35,098
51,385
27,403
8,662
7,148
4,963
383
15,385
15,875
*8,817
'12,528
•81,288
Union RailwayJuly 1 to Sept. SO
United Trao. (Pitts.) Oct.
Westohester E'eotrio—
July lto Sept. 30
5i*,380
YonkPTS RR.—
July 1 to Sept. 30
—
Jan. 1 to Sept. 30
1,106,058
Oln. Newp. A Cov. ft Oct.
66,639
Jan. 1 to Oct. 81....
655,350
Cleveland Eleo. a. J. Oct.
194 615
Jan. 1 to Oct. 81.... 1,696,827
l
Newp.
Crosst'wnSt. Ry.(Buff)—
July lto Sept. 30....
Rochester RailwayJuly lto Sept. 30....
South. Boulev'd <N. Y.)—
July lto Sept. 30
Tarrvt'n White PI. & M.—
July 1 to Sept. 30....
*
,019,465
3,226,458
100,110
275,303
13,993
192,853
90,511
32,448
198,605
8,615
73,860
85.703
759,238
4,547
36.545
2,371
22,715
2,686
40,731
12.559
96,843
50,769
Railway-
Jan. 1 to Oct. 31....
Cleveland Electric. Oct.
Street Railway Net Earnings.— The following table gives
the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that weefc, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
in the Chronicle of October 20, 1900. The next will appear
tn the issue of November 24, 1900.
Net Eat •n%ngs.—
Gross Earnings.
1
231,023
643,161
51,407
427.451
211,811
77,109
617,748
l'<.7,771
and Snrplns.— The following Street
Roads.
{
9
244,189
706,805
48,781
456,053
219,004
97,331
786,093
,
* Figures from May 1 cover Scran ton Railway, Soranton & Plttston,
Soranton & Carbondale and Carbondale Railway.
t Strike in Cleveland in 1899.
Strike in August, 1899.
5 These are results for properties owned
Roads.
Brooklyn Rap. Tr a Sept.
July 1 to Sept. 30
Buffalo Railway b—
July 1 to Sept. 30
57,368
146,831
62,f08
557,587
14,180
37,317
352,956
164.113
58,156
164,289
71,258
689 925
15,206
134.587
7,451
64,998
93,915
889,510
3,084
46,857
3,149
38.053
1,649
41,190
15,814
135,517
65,241
RR.b—
Interest Charges
1,106,889 1,052,555
1,579 675 1,394 732
1,774,709 1,504,023
.
. .
9
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &c, with the
surplus or deficit above or below those charges.
Int., rentals, etc.
^Bal. of Net Barn's.-*
Current Previous
Current
Previous
200,626
167,800
162,344
1,228,651 1,088,661
2,102,030 1,845,978
169 825 150,272
%Ine 204 971
. .
Tear.
9
Strike In 1899.
1
247,2*7*8
.
Tear.
9
b Net earnings here given are before deducting taxes.
Sacramento Eleotric
Gas<fe Ry
Septem'er. 35,439 35,051
Scran ton Railway... October... "48,781 * 5 1,407
Seattle Eleotric Co... Septem'er. 97,331 77,109
Southwest Mo. Elect. July
22,91k 21,846
Southern Ohio Traot. October... 28.432 23,813
Staten Island Eleo.
Septem'er. 21,610 21,568
Toronto Ry
Ootober... 126,137 111 065
Twin City Rap. Tran Septem'er. 271,655 245,880
Union (N. Bedford).. August
28,686 25,168
United P. & Transp.. Ootober
fjlnc. 9 635
United Traction— ) Ootober
114,419
108,302
Albany City J
United Tract. (Pitts.) Ootober
166 881 149,179
United Tract. (Prov.) Septem'er. 221,000 185,5"5
Wilm.&N.CastleEleo. Ootober...
5,977
3,504
Worcester & Marl'b'b Ootober...
7,414
6,960
Tear.
a Net earnings here given are after deducting taxes.
44,547
69,355
115,762
46,264
27«,042
298,912
57,738
17,335
35,442
Blufl
Previous
Tear.
9
1,025,117
3,025,217
Sept.
Jan. lto Sept. 30
Ry. & Bridge
August
27,120 22,678
155,218 131.771
Philadelphia Comp'y October... 167,259 146.810 1,996,909 1,474,826
Pottev'e Union Trac. Septem'er. 13,483 11.89t
109,527
98,567
Railways Co. General Septem'er. 20,666
Richmond Traction.. Septem'er. 20,727 15,90f 156,910 128,178
Tear.
Ry.a
Yonkers
Net Earnings.—>
Current Previous
& Marlb'rough
Jan. 1 to Sept. £0....
7.108,431 6,520.686
1,345.509 l,259.22d
.
Current
to Sept. 30....
July lto Sept. 30....
. .
—
1
Jan. 1 to Sept. 30....
United Trao. (Pitts.) Oct.
July 1 to Oct. 31.
Westchester Electric. b—
July 1 to Sept. 30....
Jan. 1 to Sept. 30
Wilmington & New CasOct.
tle Eleotiio
1,982,510 1,819,715
134,903
110,013
58,787
57,605
36,44*
26.748
93,602
88,152
.
.
—
>
133,583
384,821
117,658
1,127,087
43.134
369,099
19,077
173,456
17?,8i 9
1,669,642
8,910
88,152
12.845
105,615
8,845
115,762
30,816
29S.912
135.425
—
46,81",
Herkimer Mohawk II
Muscatine
Date.
Current
Co.—
Peoples Railway... Ootober
JolietRR
October...
Springfield Ry
Ootober...
Bri'g'ton&Mlllv.Tr Ootober
Springfield L.& P.. October
Brldgeton Electric Ootober...
Ootober..
Total
Atlanta Ry. A Power. August ..
Bingham ton St. Ry.. Septem'er
Br'klyn Ra p.Tr. Co. . Septem'er
Chicago & Mil. Elec. Septem'er
Chicago Union Tract. October..
On. Newp. & Cov.... October..
City Elec. (Rome.Ga.) Septem'er
Cleveland Eleotrio t. October
Cleve. PainBV. A E... Septem'er
Columbus (O.) Ry.... October
Consol. Trao. (Pitts.) Septem'er.
Dart.A W'port St.Ry. October...
Septem'er.
Denver City Tram..
Detroit Citi'ns'St.Ry. IstwkNov.
Detroit Elec. Ry.... IstwkNov.
Detroit Ft. Wayne
&
Jan. 1
Latest Gross Earnings.
Gross
9
Crosst'n St. Ry. (Puff lb133,922
July 1 to Sept. 30....
..
398,320
Jan. 1 to Sept. E
Detroit Cit's' St. Rj Oct.
133,278
Jan. 1 to Oct. 31.... 1,290,603
48,308
Detroit Elec. Ry..Oct.
455,851
Jan. 1 to Oct. 31....
20,709
Det. Ft.W.&B.I.. Oct.
197,893
Jan. 1 to Oct. 31 ...
202,295
Oct.
Total of all
Jan. 1 to Oct. 31.... 1,944,347
7,893
Lehigh Traction, .a. Oct.
93,602
Jan. 1 to Oct. 31....
14,692
Los Angeles Traot.. Aug.
126,985
Jan. 1 to Aug. 31
8,385
New Castle Tract.. Oct.
116,045
Jan. 1 to Oct. 31....
STREET RAILWAYS AND TRACTION COMPANIES.
:
1009
-
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including such
latest week or month.
Eabnings.
J
.
:
After allowing for other income received.
ANNUAL REPOR1rs.
Pittsbnrg & Western Railway.
(Report for fiscal year ended June SO, 1900.
Earnings.—The results of the year are very gratifjing.
They are due to the policy which has been pursued for the
past five years in double-tracking a great part of the lines,
increasing the weight of rail in track, improving and adding
Previous
to the locomotive and car equipment, filling wooden trestles
Tear.
and
converting them into permanent roadway, cutting down
8
eliminating curves, all of which has brought
310,f62 grades and
898,123 about a decrease in the cost of operation and has allowed an
increase in train load, thereby increasing net earnings. The
186,771 percentage of expenses to earnings compares favorably with
518,304 that of other roads more advantageously located as to grades.
40,148
Compared with the previous year the gross earnings in353,072
creased 15'86 per cent and the net earnings increased 24*42
57,174
M. King says in substance
409,856 per cent. President Thomas
Improvements.— The principal improvements made during
.
Current
Tear.
9
390,769
1,264,916
225,564
602,123
39,473
389,962
94,276
774,037
44,186
424,820
38,428
the year were
J J
2
.
THE CHRONICLE.
010
The widening and arching -with brick of tunnel No. 2, 200 feet In
length, near Glenshaw, and preparing it for double tract also the
changing of tunnel No. 3 to an open cut, -which will be completed
[Vol. LXXI.
Pacific Coast
Company.
;
(Report for year ended June
shortly.
The Kibold cut-off, the remodeling of the Butler branch and the relocation and improvements near Chewton were completed. The Chewton re-location is very important, as the grade for 4'92 miles was
reduced from a 90-foot compensated grade to an 18-foot grade, and it
has effected a great economy in cost of train service. The widening
of the gauge of the track between Butler and Foxburg. on the Northern Division, has been finished as to grading and cross-ties, and it is
expected will be completed about Nov. 15.
The
30, 1900.
from the annual report, to which are attached the
Chairman H. W. Cannon and President and
General Manager J. D. Farrell, is given practically entire on
page 1018 of to-day's Chronicle.
Statistics.
The earnings and expenses, income account
and
balance
sheet
have been as follows:
This change will reduce
earnings and expenses for tear 1899-00.
the narrow-gauge mileage 30 miles.
On the Pittsburg Cleveland & Toledo Railway second track has been
completed between Struthers and Qirard and between Akron Junction
and Cuyahoga Falls.
Contract. The contract entered into with the Buffalo
Rochester & Pittsbnrg Railway Co. referred to in last annual
report, went into force Nov. 1, 1899, and has been working
satisfactorily. It is of great benefit to this company in rent
als for use of its line and in the fact that the construction of
a competitive railroad was prevented.
Statistics.— In 1899-1900 the gross earnings per mile for the
entire system were $11,045; net earnings per mile, $3,853.
Average number of tons per freight- train mile on standardgauge lines (entire system) was 477 in 1899-1900, against 419
in 1897-98; average revenue per mile of freight train, $2 45,
against $1 86 in 1897-98. The cost of maintenance, as charged
per mile of road, including all additions and betterments that
were charged to expenses, was as follows
—
,
text
signatures of
—
Net
Earnings.
Gross
Earnings.
Department—
Pacific Coast Steamship Co
Expenses.
$
$
$
91,246
2,728,267
89,416
65,042
652,991
82.0-6
26,204
157,586
508,543
100,255
190520
57.331
318,022
3,381.258
171,492
Collier Willamette
Collier Miami
Rail linesPacific Coast Ry.
Co
Columbia
Sound RR. Co
& Pug.
Seattle & Northern Ry. Co
Port Townsend South. RR. Co
Coal department.
Grain warehouses
General expenses and taxes
Total
def. 41
cr.780
739
22,069
955,991
2,298
24,552
624,107
def.2,483
5,290,443
331,884
673
1.625
63,608
def.63.60S
3,885,660
1,404,782
INCOME ACCOUNT— ALL COMPANIES.
Tear.
7 mos. to
1898-99. June iO, '98.
Tear.
1899 00.
:
&
Western, main division, $2,091 Pittsburg & Western,
narrow-gauge division, $584 Pittsburg Cleveland & Toledo, Western
Division, $1,608; Pittsburg Painesville & Fairport, Lake Division,
$1,140; total all divisions, $1,277.
The charge to expenses includes $40,454 for work of the
nature of improvements or betterments.
Earnings.— Including the leased lines, 339 miles in all, results have been as follows
Net earn. &
Interest
Qros8
and taxes.
earnings.
mis. income.
Balance.
Year.
1899-0
sur. $264,930
$1,341,582
$3,835,034
$1,076,652
sur.
1898-9
1,075,265
1.052,951
22,312
3,309,935
def.
1897-8
3.221.407
969,416
1.007,583
38,167
1896-7
956,084
def.
1,002,370
46,286
2,768,507
1895-6
981,223
945.971
sur.
35,252
3,091,302
1894-5
916.663
def.
930,752
14.089
2,867,892
1893-4
605,791
def. 272,173
877,964
2,318,678
1892-3
489,374
825,492
def. 336,118
2,586,185
Pittsburg
;
Gross earnings
Oper. expenses and taxes.
5,290,443
3,885,660
4,893,483
3,785,482
3,081.502
2,395,145
1,404,783
47,071
1,108,001
28,003
686,357
6,960
1,451,854
1,136,009
693,317
222.300
200,000
27,348
19,184
9,907
(55, 2 ) 82,604
(4 1o) 173,333
(4) 280.C00
222,300
125.000
21,699
16,656
21,723
(2i«) 3K.125
129.675
81.666
38,087
1,014,676
437,178
855,503
280,506
;
:
Pittsburg & Western Railway, Proper.— The statement for
the last four years for the system proper is as follows :
189900.
1898-9.
1897-8.
1896-7.
217
205
Miles operated
205
205
Earnings—
$
$
$
$
1,581,245 1,442,825 1,398.233
Freight traffic
Pastenger traffic
416,527
359,360
313,320
Express traffic
30,298
27,338
25,^76
22,670
24.076
Transportation of mails..
25,041
102,906
14,365
Rentals
14,016
Total earnings
2,153,646
1,867,964
1,775,886
1,238,767
361,808
24,96*
21,246
16,575
1,663.364
Expenses—
way and
Total net income
—
Deduct
Interest on bonds
Depreciation
Improvements, equip., etc
"Exhaustion "fund
Ud collectible accounts
Dividend on 1st preferred
Dividend on 2d preferred
Dividend on common
Total
Balance, surplus.
(5)
(1)
(5) 200,' 00
(3) 210,000
1900.
Assets—
Property (including stocks and
bonds of subsidiary companies). 14,995, 432
Bonds and stock in treasury
391,200
Cash
2,238,079
Accounts receivable
481,294
54', 249
Agency accounts
Materials and supplies
283,204
Undistributed aocounts
45,473
Advances to subsidiary companies
3,691
Total
76.250
40,000
365,678
327,639
CONDENSED BALANCE SHEET— ALL COMPANIES—JUNE
30.
1899.
1898.
15,370,788
391.400
1,061,277
595,206
442.549
267,647
76,627
15,335,137
30
402,100
750,685
750.236
482.570
249,954
104,676
141,010
18,985,622
18,195,522
18,216,368
12,525,000
4,446,000
130,722
403,047
140,002
12,525,000
4,446,000
12,525,<00
4,446.000
696,739
726,995
259,119
250,007
75,648
627,219
233,034
263,5f 6
89,447
657,612
266,138
253,505
91,265
580,412
167,498
212,153
76,781
1,311,769
841.877
.
3,726
1,213,256
654,708
1,268,520
507,366
1,036,844
845,603
654,708
507,366
629,520
Unpaid vouchers
Unpaid pay-rolls
Unpaid dividends....
Interest on bonds
18,525
Taxes accrued
14,455
Renewal and "exhaustion" funds.
200,81
Profit and loss
1,045,322
524,120
18,557
523,620
17,537
517,142
17,652
515,190
17,7 08
—V.
239,940
30,000
13,365
216,687
30,000
16,706
195,976
26,400
198,402
26,400
struct..
Maintenance of equipm't.
General expenses
Total
Net earnings
Divi'ds on Btook owned..
Total
626,520
3.000
Deduct—
Interest on bonds
Int. on real estate morts
Int. on reo'rs certs., notes,
car trusts, etc
.
Taxes
Car-trust accruals
Balanoefor year
—
Balance Sheet. The P. & W. balance sheet (including both
company's and receiver's accounts) was as below:
GENERAL BALANCE SHEET JUNE
Road and equipment
Stocks and bonds of other cos
Elwood Short Line (receiver)
P. & W. stock (common)
P. & W. 1 st 4 s, held by trustees
P. & W. 5s, con
Materials and supplies
Advanoes
Assets
Insurance premiums, etc
Due from agents.
Cash for coupons
Cash in hands of Treasurer
Aooounts receivable
Individuals and companies
Miscellaneous
and loss
Total
30.
1900.
1899.
$
$
$
25,555,096
1,489.065
510.000
520,000
300,000
1,563,761
26,045,569
1,481,865
510,000
520,000
300,000
1,350,000
204,649
1,119,310
17.414
206,080
215.802
29,020
79,953
610.H87
26,479
1,558,157
34,965,086
34,275,185
33,618,474
13,500,000
14,100,000
333,875
1,103,982
1,517.800
50,938
13,500,000
14,100,000
308,375
875, a 1
923,531
58,380
2,008,313
518.671
545,865
1,412,800
23,939
13,500,000
14,100,000
311,375
659,823
992,756
47,304
1,947,019
506,897
470.501
1,082,800
.34,965,086
34,275,185
33,618,474
26,633,261
1,469,765
510,000
520,000
300,000
. . .
1,350,000
283,864
1,139,580
21,839
183,403
205,196
89,509
85,203
582,537
27,163
—
Liabilities
Stocks (see Supplement)
Bonds (see Supplement)
Real estate mortgages
Interest accrued
Car irust warrants....
852,04.6
Taxes accrued
54,009
Bill* payable
2,226,667
Vouchers and pay-rolls
559. M)l
Due to individuals and companies 665.877
Reoeivers' c^ rtitioates
Miscellaneous
Total
-V. 71. p. 809, 698.
Sto<
k
(see
Investors' Supp.)
First mortgage bonds
Accounts payable
Miscellaneous
Total
54,( 36
367,990
69,559
'18,525
116,250
18,525
61,739
96,654
608,144
9,614
327,639
4,549
18,985,622
18,195,522
18,216,368
"81,667
71, p. 912.
Manhattan Railway.
(Report for the year ending Sept. 30, 1900.
825,982
804,550
757,170
757,700
sur. 19,621 df.149,842 df.249,804 df.128,180
Total
Profit
and miscel..
Liabilities—
Conduct'g transportation.
Maint. of
Net earnings
Interest, discount
1898.
1,S60,<
00
117,319
1,077,900
20,790
127,484
226,325
58,866
102,846
737.575
28,835
1,386,375
At the annual meeting on Wednesday President George
Gould
J.
said:
"The report shows the satisfactory growth and results of
the company's business. The electrical installation is making
excellent progress. The heaviest work at main power station at East 74th Street is completed and the superstructure
is being rapidly erected in anticipation of the first arrivals
of machinery, due for delivery next month. The first electric train is completely equipped, and, through the courtesy
of the officials of the Metropolitan Street Railway Co in
furnishing us with the necessary power, it will be put in
operation on our Second Avenue line without delay. The
company's general improvements and enlargement of facilities other than the change of motive power will begin to
produce results in the very near future. The first stretch of
the Fordham extension beyond Tremont will be ready for
trains in a few days, giving entrance to the new yard on
180th St., with capacity for 325 cars. The new line from
this point to Fordham will be finished early in January.
"Our plans contemplate the extension of express service
from 84th to 129th St., on Third Avenue line, materially
shortening the running time of express trains between Harlem and the lower part of the city. This improvement we
expect to put into effect within tbe next thirty days. Generally, I may say that the outlook for the Manhattan system is most encouraging."
Earnings and passengers carried for a series of years
:
Tear.
1900...
1899...
1H98...
1897...
1896...
895...
Gross.
fasscngers.
$9,950,735
9,32^,111
9, 04.466
9,359,732
9,352,115
9,745,927
183,788,851
177,204,558
179,728.356
183,184,641
182,437,244
188,072,615
Year.
Gross.
1894.. ..$10.138, 143
1893
11.137,051
1892.... 10.90^,579
1891....
9,959.710
18V10...
9.S88.6S'2
1889....
9,080,880
Passengers.
19H.159.-23
819, 62 1.017
2 5, 122,575
190.714,199
185.833,632
179.497.433
I
NOTKMBER
THE CHRONICLE.
17, 1900.]
for the years ending Sept. 30
The earnings
J
J
:
189899.
1899-00.
oompare thus
1897-98.
:
1896-97.
Tot. pass* g'rscarr'd.183,788,851 177,204,558 179,728,356 183,184,731
$
ft
$
$
the brewing trade
the current season.
Reduction op Capital Stock.—This committee recommends that
the capital stook be readjusted and reduced to an amount commensurate with the value of the property, determined with due reference
to its probable future business and its present physical oondition.
9,359,732
6,128,030
(65-56)
3,883,088
1,816,309
3,211,321
1,889,681
3,137,784
1,889,681
3,231,702
1,889,680
2,066,779
1,920,000
1,321.640
1,560,000
1,248,103
1,200,000
1,342,019
1,350,000
Plants and eood-will
Securities of other companies
def.7,981
Cash
Accounts and bills receivable
Taxes and insurance
P.950,735
6,067,647
9,325,111
6,113,790
P.O.op.exp. to earns.
(60-98)
Net earnings....
Interest on bonds...
Dividends
(65-47)
The balance sheet compares
sur.146,779 def.238,350
sur.48,103
hoard of directors was re-elected.
retiring
V.71, p.
338, 842.
Aug
this
company
and
Total
1898-9.
1897-9.
1896-7.
$
$
$
$
administ'n exp.;
1,637.815
1,314,221
1,497,183
1.015,080
depreciat'n,&c.
Dlvs. on pref.... (6%)611,916 (6%)6H,916 (6%)611,916 (6%)611,9l6
(3i«%)7 08,299 (4%)809,484 (3%)607,113
Divs. on com
all interest;
6,520,745
Total surplus.
6,443,744
BALANCE SHEET AUGUST
1900.
Assets—
Real estate,
$
1899.
sur.95,192 sur.403,164
6,157,808
5.907,623
6,253,000
6,310,787
31.
1898.
$
$
1897.
$
11,533,004 11,435,548 11,852,480 11,246,718
885,019 1,509,019 1,845,905 1,681,468
Cash
Bills &accts. receiva'e.. 1,846,564 1,720,909 1,2*9,160 1,2C0,644
Products, raw material,
3,685,275 3,359,213 3,200,038 2,844,688
etc., available
Good-will, patents, etc.. 17,074,125 17,151,126 17,341,869 17,284,083
etc., etc
35,023,987 35,175,81 5 34,969,452 34,257,601
Totals
Liabilities—
Common stock
Preferred stock
do —common
First mortgage bonds, 6 per
Underlying mortgages
do
$
24,4fc
33.400,396
30,278,171
.14,440,000
14,500,000
cent.. 4,000,000
371,000
29,396
60,000
Acorued interest on bonds
Profit and loss (surplus)
36,738,755
0,661
270,334
1,127,400
4,399,776
14,440,000 12,540,000
14,500,000 13,750,000
4,000.000
371,000
359,000
3,391,500
3,379,166
16,258
51,354
20,000
3,430,521
198,650
Total
33,400,396 36,738,758 30,278,171
Includes $3,600,000 net proceeds of subscriptions to $4,000,000
bond issue.— V. 71, p. 438.
United Frnit Company.
(Report for the fiscal year ended Aug 31, 1900. J
This being the company's first report, the remarks of President Andrew W. Preston on pages 1020 and 1021 of to-day's
Chronicle contain full particulars respecting the property
and its accounts. Further facts from the report follow:
railways owned august 31, 1900.
Location.
Miles.
Costa Rica
33 18
28-50
Cuba
Jamaica
812
Total of
Location.
I
Miles.
Republic of Colombia
I
35,023,987 35,175,815 34,969,452 34,257,601
71, p. 964, 914.
American Malting Company.
37-73
4-50
8an Domingo
I
|
112-03
all
Number of
looomotives, 17; do. freight cars, 289.
live stock owned august 31, 1900.
Number.
Cattle.
Cows
3,662
Bulls
77
Oxen
2,156
3,946
Steers
Number.
Cattle.
Calves
Heifers
.
,
1,662
442
all
11,945
The company also owns 2,221 horses, mules, etc.
INCOME ACCOUNT FOR TEAR ENDED AUGUST
Net earnings from production and importation of
tropical fruits and from all other operations, viz.:
Bananas
31, 1900.
$1,294,226
77,601
222,*43
$l,5947bTO
219,140
18,006
$1,831,816
697.607
Coooanuts, oranges, etc
Miscellaneous
Total
Add— Earnings of sub-companies
Interest and discount
Total net income for the year
Surplus income, period prior to August 31, 1899
Total available
.*
Total
1898.
$
27,346,057 27,321,308
26,500
16,500
1,710,285 *3,838,926
1,448,171
1,657,555
37,993
1,435,704
2,515,089
1,395,688
1,389,400
Billspayable
Accounts payable
Total of
20,237,100 20,237,100 20,237,100 20,237,100
10,198,600 10,198,600 10,198,600 10,198,600
3,000,000 3,068,000 3,< 68.000 3,068,000
Debenture bonds
562,324
536,219
532,228
580,468
Commercial accounts....
20,4f>3
11,707
20,45 3
20,453
Accrued interest
1,014,256 1,115,443
913,071
152,979
Dividends
—V.
Dec. 31.
*
1899-00.
176,968 Bur.216.415
6,227,330
6,343,777
—
Capital stook—preferred
for the fiscal year ending Aug.
is published on pages 1019 and
PROFITS AND DISBURSEMENTS.
Balance
Previous surplus.
loss (deficit)
Liabilities
31, 1900, has been issued and
It embraces extended remarks by George A. Morri1020.
son, Chairman of the board of directors, and gives many details regarding the property and the results of the year's opThe following comparison for four years has been
erations.
prepared for the Chronicle:
Net profits above
S
QCf'fQ—
Inventories
American Cotton-Oil Company.
The report of
Dec. 31.
1899.
31,
1900.
Profit
( Report for year ending Aug. 31, 1900.
as follows:
condensed balance sheet.
A
Balance
manifested by the orders already received for
is
9.204,466
6,066,682
(6591)
Gross earnings
Op. exp. and taxes..
The
10il
(Report of Committee for year ended Aug. 31, 1900. J
Robert P. Gallaway, J. P. Ord and Frederick Uhlmann,
.$2,ft29,423
the committee appointed Jan. 17, 1900, which on March 5 Interest and commissions
260,022
Balance, representing net income to August 31, 1900.. $^,269,401
last reported the results of its examination of the company's
Dividends paid on stock; four of 2»« per cent each
$1,119,257
affairs, makes the following further report covering the enSurplus Aug. 31, 1900, after deducting dividends paid. .$1,150,144
tire fiscal year as changed to end Aug. 31
BALANCE SHEET AUGUST 31, 1900.
General Results.— Owing to economies introduced and a change of
Assets —
Liabilities —
business methods, the company for the year earned not only the interest on its bonded indebtedness but a small profit— namely, $L23.000. This profit remained after deducting $69,000 for bad and doubtful debts largely incurred in previous years. It has also been deemed
prudent to set aside $100,000 out of this profit as a reserve fund to
provide for possible losses on old contracts.
This result should be fairly satisfactory when it is considered that
the year was one of liquidation and readjustment. The net profits of
the company were also affected by the faot that in competition with
others during the summer and early fall of 1899 it sold considerable
malt at prices based on the then prevailing low prioe of barley but
as the price of barley rose before the company was put in funds (by
the sale of its bonus) to make purchases, these transactions resulted
in loss or diminished profit.
Assets.— All asset items that are not in fact working capital have
been oharged to plant and good-will aooount. The book accounts and
notes due the company are believed to be worth their present book
value. The inventories of grain and merchandise are based on actual
weights; the inventoried value of the malt on hand is cost price and
below market value. Although all this malt has been sold for future
delivery, no anticipated profit is taken into account. The profit, if
any, to be realized, will show during the current year.
;
Plantati'ns,bldge.,eto. $9,998,593
Capital stock
Live-stock
Tools and machinery.
Advance payments
393,820
94,904
Railways
Telephones
1,253,428
74,067
95,672
233,5«1
Towboats.lighters.etc.
Wharves
Merchandise
329,650
105,828
364,936
Miscellaneous
Sugarmill
Cash
Accounts collectible..
supplies, etc
& acceptances.
1, 1900, & 1901
$11,230,000
152,100
85,000
3.573
176,628
Coupon notes matur'g
Oct.
Insurance fund
Accounts payable
Interest acorued
Income aooount, surp.
188,411
1,244,096
co'8...
Total
-V.71,
Drafts
1,237,008
1,335,779
Advancepayments for
Stocks of other
of
subscriptionsto capital stock under circular Aug. 15, 1900.
Boston Fruit Co. 1st
mort. 6s
Unclaimed dividends.
Total
$16,949,754
3,500,000
6,792
556,317
89,200
1,150,144
$16,949,754
p. 713, 393.
General Electric Company.
(Statement for 7 months ended Aug. 31, 1900.
Bonds.— Present Status.—The company begins its current year
The statement made to the New York Stock Exchange
with $4,620,500 of working capital, consisting of cash, notes and accounts receivable, inventories, etc. In November, 1899, a financial shows the following for the 7 months ended Aug. 31, 1900:
plan involving the mortgaging of the real estate of the company for
Income —
Expenses—
$5,000,000 was effected, under which $4,000,000 general first mort- Sales
$14,803,384 Cost of goods sold... $10,555,300
gage 6 per cent bonds were sold, netting the oompany $3,600,000 in Roj alties. etc
108,449 General expenses
1,158,453
cash. The prior lien real estate mortgages of $371,0i)0 have been Int.,
divs. & discount..
202,188 Patent & legal expen.
97,246
diminished by $65,000 during October, laOO. Exolusive of said mort- Liquidation account..
181,953 Int.,pref.divs.aco ,eto.
264,995
gages and $4,000,000 bonds issued, the entire Indebtedness Aug. 31,
1900, was less than $90,000. The $4,000,000 bonds will not largely
increase the interest charges, for the reason that now the working
capital of the oompany is ample it need borrow money only to a limited amount during the three or four months ot the barley-buying
season, whereas during the period prior to the making of the mortgage the c< mpany was burdened with a large continuing floating in
debtedness, which of course was subject to heavy interest charges.
The administrative expenses have been reduoed by not less than
$100,000 per annum, and it is believed that further savings can be
effected. It has been the polioy to close down badly located and
small plants and manufacture only in the large and well-equipped
malt-houses, operating these to their full capacity. The plants now in
use have been kept in good condition, the cost being charged to general expenses.
Competition oontinues to be active and aggressive. Your company,
howevtr, has a coi siderable advantage over its competitors by the
ownership and control of numerous grain elevators located in the
best barley-growing sections, by means of which it is enabled to purchase a large proportion of its requirements of choice barley direct
from the grower and save the commission or profit usually paid to
dealers. That the company now has the confidence and good-will of
Total
Total
$15,295,973
Net earnings
Dividend (3 per cent) paid on common stock
$12,075,995
$3,219,978
548,280
Balance
$2,671,698
Total surp. Jan 31, 1900, $2,353,031; do. Aug. 31, 1900, $5,024,729.
BALANCE SHEET.
Avg. 31, Jan. 31,
Aug. 31, Jan. 31.
1
190U.
& good-will.
Factory plants....
Siocks.bonds & res
Pat's
.
.
1900.
$
2,00u,C0O 2,000,000
3,896,718 3,400,002
1
estate other tha a
factories
7.UP.937
.
ftotes
Work
and
accts...
.
in progress.
.
.
6,695,912
2,310,315 1.S37.072
7.379,83<J 6.978,002
874,128
1,5*7,338
7,788,8^4 8,047,581
.32,023,068 29,532.697
-V.71,
p. 604.
1
1900.
1900.
$
$
2,551,200 2,551,2C0
18,276,000 18,276.000
Debentures
5, 298,000 5,300,000
Accounts payable.. 87S,1;9 1,052,466
Prottt and loss surplus
6,024,729 2,353.031
Liabilities—
Preferred stock
Common stock
Total
—
82,023,068 29,532,697
— —
— —
:
THE CHRONICLE.
1012
GENERAL INVESTMENT NEWS.
I
to Retire Bonds.—The company,
stated, will retire its $4,619,500
per cent bonds due
July 1, 1901, by an issue of stock to be offered to shareholders at par.— V. 71, p. 602.
Chicago City Ry.— Stock
t%
it is
RAILROADS. INCLUDING STREET ROADS.
Alamo Heights Street Railway of San Antonio, Texas.—
Sold.
—On Nov. 8 this property was
sold,
under order of the
Thirty- seventh District Court, to Otto Koehler, President of
the San Antonio Brewing Association.
American Railways Co.— First Dividend.— The company
has declared its first dividend, 1 per cent, payable Dec. 15,
The earnings for the
1900, to stockholders of record Dec. 1.
quarter ended Sept. 30 are stated as $69,000; the dividend
director says :
calls for $37,500.
The net earnings for the quarter were nearly twioe the amount o f
the dividend. Oat of these, in addition to the dividend, oomes the operating expenses of the Amerioan Railways Co., which as a proprietary company amount to a small sum. The company, therefore, lays
away as surplus very nearly as many dollars as it pays out in the dt> idends this quarter. The dividend action may be taken to indicate
that it will be our purpose to add steadily to our surplus account, to
which $90,000 was credited last year, and that the policv will be such
as to insure the permanency of dividends, now that they have been
A
commenced.—V. 71, p. 491, 287.
Atchison Topeka & Santa Fe Railway.— New Directors.
The following new directors have been elected: Howell
Jones, of Topeka, Kan., to succeed C. K. Holliday. deceased;
John (*. McCullough, of New York, to succeed Edward N.
Gibbs, deceased; Bryon L. Smith, of Chicago, in place of
William Rotch, resigned.— V. 71, p. 963.
Atlanta (Ga.) Railway & Power Co.— Relations with
Rapid Transit Co.— Electric Light Plant. An officer of t he
company writes as follows under date of Nov. 14, calling
attention to several points in which he thinks the statement
published in our issue of Nov. 10, page 963, regarding the
Atlanta Rapid Transit Co,, is misleading
—
—
Vol. LXXI.
Cincinnati
Hamilton & Dayton Railway.— Ref unding
Bonds—Sale of First Mortgage Treasury Bonds. — The
stock-
holders will vote Dec. 11 upon the question of empowering
the board of directors as follows
a. To provide for refunding all the maturing indebtedness of this
company aid as far as practicable to arrange for converting the fixed
obligations of this oompany, under leases of other railways, guaran:
tees, etc., into refunding bouds, bearing a rate of interest not exceeding 4 per cent per annum.
o. To arrange for a reduction of interest upon the $1,200,000 first
mortgage Cincinnati Dayton & Chicago bonds, now in the treasury,
from 5 per oent to 4 per oent per annum and to sell and deliver the
said bonds.
c. To sell such refunding bonds as said board of directors may find it
expedient to issue to refund the obligations of this oompany.
d. To use the proceeds of suoh sale or sales to pay, redeem or refund
the debts or obligations assumed or created by this oompany or either
of its predeoessor or constituent companies; to purchase any railroad
held under lease or operating oontraot; to acquire any stocks or bonds
or any railroad held under lease or operating contract; to acquire
any bonds, notes or other obligations of any railroad to extend, improve or maintain the railroad of this company, to oonstrnot branch
lines, to lay double or additional track, to inorease the machinery or
rolling stock, to build depots, elevators, shops, and generally for ai.y
purpose needed in its business.
e. To execute a mortgage or pledge of the real and personal property
of this company and its franchises, for the purpose of securing the
said refunding bonds.— V. 71, p. 8C6, 751.
;
East Side Ry. of Portland, Ore.— Sale Dec. 8.— The foreclosure sale is advertised for Dec. 8; upset price $250,000.—
V. 69, p. 283.
Franchise Tax Law.
Decision.
—The
Appellate Division
Supreme Court, Third Department, Justice Kellogg
writing the opinion, on Wednesday unanimously reversed
About 6 miles of streets which were granted to the Atlanta Rapid the order dismissing the writ of certiorari obtaine i by the
Transit Co. had been granted to the Atlanta Railway Co. (now a part New York & Queens County Railway to review the valuaof the
:
of the Atlanta Railwag& Power Co ) in 1838. and the Atlarta Railway
Co. built these lines, thereby excluding the Atlanta Rapid Transit Co.
from these streets, except for a distance of two blocks. At only two
points has the Atlanta Rapid Transit Co. so far succeeded in operating
Power Co. At the
its cars over the tracks of the Atlanta Railway
three other places where they have sought to condemn, they have beee
held up by the courts, and are only now about succeeding in obtaining consent from the Atlanta Railway & Power Co. to go ahead and
put in connecting switches and frogs. The agreement, if finally consummated to-day or to-morrow, will be a compromise by whioh tlie
Atlanta Railway & Power Co. will seoure the use t f certain tracks
and speoial woik to be installed by the Atlanta R^pid Transit Co.,
also
and the Rapid Transit Go. and the Georga Eleotrio Light Co.
withdraw all opposition to the granting of a franohise for the Atlanta
Railway & Power Co. to do a general lighting and power business.
This company is just completing a modern station in the centreof the
city from which it intends to furnish light and power at the minimum
cost. All of its coal will be delivered direct by the steam railroads,
and will be handled by machinery from the time it leaves the mines
until it is dumped into the ash bank. Our proposition to do a lighting
business Is what brought forth, a year ago, the effort of the Georgia
Electric Light Co. to promote the extension of the lines of the Atlanta
Rapid Transit Co. It seems that the scheme did not work, and that
the Atlanta Railway & Power Co. will now go ahead, under the new
municipal admiiiistration recently elected, and install its much needed
electric-lighting plant.— V. 71, p. 287, 181.
&
wM
Atlanta Rapid Transit Co.— See Atlanta Railway
& Power
Co. above.— V. 71, p. 963, 181.
i
ion placed on its special franchise by the State
(i. e. on or before Oct. 1, 1899), the report in this case not
having been filed by the company until April last. The
Attorney-General, it is reported, will abide by the decision,
thus making the principle one of general application. —V.
68, p. 1024.
Eeoknk & Western RR.—Sale Authorized.— The stockholders on Nov. 10 voted unanimously to sell the property
and franchises of the road to the Chicago Burlington
Quincy RR., which bought a majority of the stock last year.
&
-V.
71, p. 697.
Kings County Elevated RR.— Listed.— The New York
Stock Exchange has listed the company's $7,000,000 first
mortgage 4 per cent gold bonds of 1949.— V. 69, p. 1148.
Lake Shore & Michigan Southern Rj.— Quarterly— Earnmonths ending Sept. 30 were:
ings for the quarter and the nine
3 mos. end.
Sept. 30.
1POO
Gross
earnings.
$6,632,986
Arkansas & Oklahoma RR. Purchased.— See St. Louis & 1899
6,162,117
9 months.
San Francisco RR. below.— V. 70, p. 632.
1900
19,361,368
Brooklyn Heights RR.- Quarter /#.— Earnings for the 1899
:17,167,249
quarter ending Sept. 30, covering the operations of lessor
companies (the results of the Kings County Elevated leing
included in 1900 but not in 1899), were
3 mos. end.
Sept. 30.
1900
1699
Gross
earnings.
$3,101,714
2,775,838
Net
earnings,
Other
income,
Interest,
taxes, etc.
$1,378,178 $93,703 $1,158,595
985,652
86,294
995,262
Balance,
surplus.
$313,286
76,684
—V. 71, p. 913, 491.
Chicago & Alton Railway.— Rights of Preferred Stock.—
The rights of the common and preferred stocks are given on
page 1022.
Dividends.— The directors have decided that dividends
when earned shall be paid in January and July. The first
dividend, therefore, on the preferred stock, it is thought,
may be declared the last of this month.
Listed.— The New York Stock Exchange has listed $17,433,000 of the $31,988,000 Chicago & Alton Railroad 3 per cent
refunding mortgage gold bonds of 1949; also Chicago & Alton
Railway securities as follows: $22,000,000 3% per cent first
lien gold bonis of 1950, $19,544,000 4 per cent non-cumulative
preferred stock, and $19,542,800 common stock. Full details
Board of
Tax Commissioners. The right to review the assessment, it
was claimed, was lost by failure to comply with Section 45
which requires reports to be filed within thirty days
-V.
Net
earnings.
Other
income.
Interest,
taxes, etc.
Balance,
$1,047,571
128,365
983,365
$2,178,179
1,187,968
$2,958,179
2,042,968
$2t>7,571
8,002,908
5,843,917
411,358
253,070
2,901,358
2,878,070
surplus.
5,512,908
3,213,917
71, p. 544.
Payment of Btnd s.— William
Co.
Hooper, Master Commissioner, 301 Delaware Street,
Leavenworth City, KaD., announces that there is left in his
hands from the eale a sum equal to $10*245 on each of
the 583 first mortgage bonds of $1,000 <ach, and that he will
distribute the same withinjnintty days from Nov. 10. V. 70,
Leavenworth Bridge
W.
—
p. 1049.
Long Island RR.— Quarterly.
ending Sept. 80 were
—Earnings
for the quarter
:
3 mos. end.
Sept. 30.
1900
1899
Gross
Earnings.
$1,627,138
1,595,542
Net
Earnings.
$680,539
640,862
Other
Income.
$83,151
87,475
Interest,
Taxes,
etc.
$355,288
345,855
Balance,
Surplus.
$408,402
332,482
-V. 71, p. 863.
Louisiana & Northwest RR.- Status.— We are officially
informed that the road is now in operation from McNiel to
miles, and that 10} £ miles south of Bienville
Bienville, 78
is nearly completed, and will be operated in two or three
weeks; §% miles between McNiel and Magnolia is held under
20 years' lease from St. L. S. W. The road between Homer
regarding the securities of the new company are given at and Bienville was completed in 1890. This 36 miles is bonded
length in the official statement made to the New York Stcck for $100,000; construction debt on whole road, $265,000.
Exchange, which may be found on pages 1021 and 1022.
Manhattan Railway.— Quarterly.— Earnings for the quarThe remaining $14,555,000 of the$31,988,000 Chicago & Alton
RR. refunding bonds have been sold by the railroad com- ter ending Sept. 30 were;
Net
Gross
Other
Interest,
Balance,
pany, but have been deposited by the purchasers with the 3 mos. end.
earnings.
earnings.
income.
taxes, etc.
surplus.
Sept. 30.
United States Trust Co. of New York, and against them
$6?2.890 $192,362
$1,889,600
1900
$626,924 $218,328
negotiable receipts have been issued in the denomination of 1899
638,810
1,912,829
188,300
181,065
646,045
$1,000 each, representing the face value of a bond. The reSee report on page 1010.— V. 71, p. 338, 342.
ceipts provide that all or any part of the deposited bonds are
subject to sale until July 1, 1901, at the price of 95 per cent
Marietta Columbus & Cleveland RR.— Successor Company. This company on Nov. 1 took over the property of
and accrued interest.— V. 71, p. 862, 808.
Chicago & North Western Ry. New Line.—The Peoria & the Toledo & Ohio Central Extension RR., foreclosed. The
Northwestern Railway Co. has been incoiporated to build a company was incorcorated in Ohio on Oct. 23, with $250,000
road from Peoria, 111., northerly, through the counties of capital stock. The officers are: President, H. H. Isham;
Peoria, Marshal), Stark, Bureau, Whiteside and Lee, to a Vice President and Treasurer, H. A. Clare; Secretary and
point on the Chicago & North Western Railway near Nelson, General Manager, Robert H. England.— V. 71, p. 810.
in Lee County, a distance of 84 miles. The officers are identiMassachusetts Electric Companies.— Lease and Consolified with the Chicago & North Western.— V. 71, p. 602, 340.
dation of Controlled Lines.— The Massachusetts Railroad
%
—
— —
November
——
—— —
THE CHRONICLE.
17, 1900.1
Commission has authorized the lease of the Nashua Street
Ry. to the Lowell & Suburban Street Ry. and the consolidation of the Lowell & Suburban Street Ry, with the Lowell
Lawrence & Haverhill St. Ry. also the issu^ by the lastnamed company of $1,200,000 additional stock in exchange
for the stock of the Lowell & Suburban, share for share; also
the issue by its Brockton St. Ry. Co. of $363,600 additional
stoak to fund its floating indebtedness incurred in construction and for the purchase of real and personal property. The
Brockton Company's stock is to be offered to stockholders
at |110 per share.— V. 71, p. 964, 863,
1013
1900, is reported as $39,193; operating expenses, $25,769; net
earnings, $13,424.
Pennsylvania RR.
New Equipment. —The company
let
contracts this week for 2,400 freight cars, making, it is
stated, 5,400 cars contracted for within two weeks, including
3,000 pressed steel hopper coal cars of 100,000 pounds capacThis week's order is distributed as follows
ity.
500 gondola cars, of 80,000 pounds capacity, Allison Manufacturing
Company, of Philadelphia; 500 similar cars Pullman Company 700
box cars, of 80,000 pounds capacity. Barney & Smith Co., of Dayton,
O.; 7oO similar cars, the Illinois Car & Equipment Co of Chicago.
Bids for 1 000 flat cars have been received but at last
McKeesport Wilmerding & Dnquesne St. Ry.— Acquisi accounts have not yet been placed. V. 71, p. 914, 864.
tion.-The company has acquired control of the YougniogPerkiomen RR. Increase of Stock —The stockholders
heny "Valley Traction Co., making a through line from
will vote Jan. 14 on a proposal to increase the capital stock
Pittsburg to Buena Vista, a distance of 21 miles, with one
from $50,000 to $1,500,00). The road is controlled by the
change of cars at McKeesport. V. 68, p. 900.
Reading through stock ownership.
Michigan Central RR. Taxation.— At the election held
Pittsburg Shawmnt & Northern RR.— New Construction.
on Nov. 6 the constitntional amendment providing for the
The contract has been let for building the line from Anappointment of a State board of Assessors was adopted by a gelica to Bolivar, 26 miles. The completion of this link will
large majority. See V. 71, p. 864.
give the Pittsburg Shawmut & Northern a through line 228
Listed.—The New York miles in length from the bituminous coal fields in E'k County,
Mobile & Birmingham
Stock Exchange has listed the company's $9 JO, 000 preferred Pa., north to WayJand, N. Y., on the Erie RR.- V. 70, p. 1095.
;
:
;
,
—
—
—
RR—
The voting power on this stock has been assigned irrevocably during the term of the lease to the Southern Railway Co.—V. 69, p. 1134.
Mobile & Dauphin Island RR. & Harbor Co.— Notice to
Bondholders. Notice is given to the holders of the bonds
issued by the company under its first mortgage of Aug. 1,
1888, to the Central Trust Company of New York, that in
pursuance of the decree rendered O^t. 26, 1900, the bonds
should be filed with Chas. K. Holt, the Register of th9 Chancery Court at Mobile, Ala., with affidavit or other proof as
to ownership, on or before March 1, 1901. Sse Investors'
stock.
—
Supplement for March, 1892.
New York New Haven & Hartford
:
Other
Interest,
Net
Balance,
Sept. 30.
Earnings. Earnings. Income,
taxes, etc.
Surplus
19CO
$10,389,506 $3,759,493 $14,023 $2,012,835 $1,790,681
1899
10,693,981 4,355,726
40,992 1,957,158 2,439,560
— V. 71, p. 643,646.
New York Ontario & Western Ry.— Quarterly. Earnings
for the quarter ending Sept. 3J were
Net
Interest,
3 mos. end.
Gross
Other
Balance,
Income.
Surplus.
Sept. 30.
Earnings. Earnings.
taxes, etc
1900
$66,715
$285,669
$293,421
$1,357,855 $512,375
1899
1,385,912
558,044
69,933
288.247
339,730
Gross
—
:
Coal Properties.— The company has arranged with Kuhn,
& Co. to finance the acquisition, now pending, of a
number of important independent coal properties ia the
anthracite region in Pennsylvania, among them the collieries
of the Mount Pleasant Coal Co., which has been one of the
active supporters of the project for a new independent coal
railroad to tide-water. These acquisitions, we are informed,
will increase the coal tonnage of the Onta-io & Western
about 30 par cent; according to unofficial reports they will
increase its ownership of anthracite to about 50,000,000 tons,
with a minimum output cf 2,000,000 tons a year. In addition,
it is said, the companv receives annually from individual
operators about 500,000 tons of coal.
Issue of Notes.— To pay for the aforesaid properties the
company is proposing to issue its 5 per cent notes dated
Dec. 1, 1900, and due in semi-annual instalments from 19J1
to 1915. The following is stated to be substantially correct
Loeb
:
These notes are part of a total of $3,500,000 secured by a first lien
upon the properties of the New York & Soranton Coal Co., the Johnson Coal Co.. the Raymond Coal Co., the Mount Pleasant Coal Co.
and the Elkhill Coal Co. These properties contain about 27 million
tODs of coal, of which 23 million tons are under law royalty and 4
million tons in fee simple.
The cash cost to the New York Ontario &
Western of the properties on which the $3,500,0(0 notes are a first
mortgage has been $6,200,000. The notes will contain a stipulation
that if any additional mortgage shall be made upon the railroad properties of the New York Ontario & Western, upon which tne refunding
4 per cent bonds are now the only lien, these notes shall be secured
pari passu with any such additional obligations.— V. 71, p. 542, 556.
New York Susquehanna & Western RR.— Called Bonds.—
The following Paterson Extension RR. bonds have been
drawn for account of the sinking fund, viz. N03. 3, 5, 37, 57,
59, 77, 158, 168, 176, 225 and 245, a ad will be redeemed by the
Central Trust Co., trustee, at its office No. 51 Wall Street,
New York, at $1,050 psr bond, on Dec. 1, 19G0, at which date
—
on the above bonds. V. 71, p. 808.
Northern Pacific Railway. Voting Trust to be Dissolved
interest will cease
—
Jan. 1. The voting trustees, in the exercise of their discretionary powers reserved by the voting trust agreement,
have resolved that certificates for stock shall be delivered in
exchange for the stock trast certificates at anv time after
Jan. 2, 1901, and prior to Nov, 1, 1901. The report of the
voting trustees is on pages 1016 and 1017.
Rumors Denied. It is authoritatively denied that there are
to be any changes in capitalization or a formal alliance with
the Great Northern.
The harmonious relations existing
with the latter company, it is said, have been brought about
in the same manner that permanently amicable relations
have been established by the anthracite coal-carrying companies; that is, by a community of interests on the part of
the larger investors in both properties. V. 71, p. 964, 69S.
—
—
Ottawa (III.) Railway, Light & Power Co.— Bonds
—E. H. Rollins & Sons of Boston
Offered.
are offering for sale the
$150,000 first mortgage 5s of 1899 at 101 and accrued interest.
gross income of the property for the year ended Aug. 1,
The
Earnings.— The earnings
:
;
net income, $46.385.—V. 71,
p. 911, 273.
Louis & San Francisco RR. Purchase.— The company
has bought the Arkansas & Oklahoma RR., a new line in
operation from Rogers, Ark., to Southwest City, Mo., 36
miles, and under construction to Grand River, Ind., 16 miles
additional.— V. 71, p. 809.
Sharon- Youngstown Consolidation.— Report Confirmed.—
Penhale & Fisher of 20 Broad Street state that they are arranging the consolidation of the following properties
Kaercher Electric Light & Power Co., Sharon Electric Light & Gas
Co., Sharpsvilie Electric Light Co., Youngstown Gas & Electric Light
Co., Shenango Gas Lighting Co., Sharon-Sharpsville Street Railway
St.
:
RR.— Quarterly.—
Earnings for the quarter ending Sept. 30 were
3 mos. ending
Railways Company General.
for the first four months ending Oct. 31 were
Gross,
$93,605 net, $43,052; interest on investments, $3,333; total
Railway
Co.,
South Sharon Street Railway Co., Youngstown-Sharon
Street Railway Co.
Southern Pacific Co. Purchase of Pacific Mail SS. Co.
a meeting on Tuesday the directors authorized the
—After
following statement:
&
"The tnard approved the purchase through Speyer Co.
of the majority of the capital stock of the Pacific Mail Steamship Co. and accepted the proposition of Messrs. Speyer
Co. to purchase $10,000,000 of 2-5 years ±y
z per cent gold
bonds of the Southern Pacific Co secured by the control of
the Pacific Mail Steamship Co. and by stocks and bonds of
other companies, most of which have been acquired during
the last five years, during which period upwards of $30,000,000 of income has been applied to purchases of railroad
properties and other capital item?." V. 71, p. 914, 864.
&
—
Toledo
Columbus
RR.— See
& Ohio
&
Central Extension
Cleveland.— V. 71, p. 810.
Marietta
Union Traction Co. of Indiana.— Bonds Offered— Description of Property.—Of the $3,940,000 outstanding first mortgage 5 per cent gold bonds, all except $5C0,000 have been sold,
and this balance is now offered by Dick Brothers
Co. of
Philadelphia at par and interest. Tfaese bonds are dated
July 1 1899, and due July 1,1919.
circular issued by
&
.
Dick Brothers
&
A
Co. gives tin following:
Capitalization— Stock, $4,000,000; bonds outstanding, $3,940,000; held by trustee to retire underlying bonds, $800,000; held by
trustee for acquisition of new property, $260,000; total bonds authorized, $5,000,000.
Earnings.—The earnings for years ending June 30 follow:
Miles end of year
Gross earnings
Total operating expenses
Net earnings
Interesten bonds
Sinkingfund
Taxes
Net balance income account
1899-00.
Actual.
1900-01.
Estimated.
87
136
$651,615
323,318
*$432,615
*224,767
$207,848
$160,377)
31337 £
13,082
$31,051
$328,297
aom
nnn
$245,000
15,643
$67,655
"Includes also Marion City Railway June 19 to June 30, 1899, both inclusive.
The road from Anderson to Muncie. and the end of the line running
into Indianapolis (49'40 miles in length), was not In operation in
1899-00, and the company did not receive any income from over onethird of its mileage. Toe property is expected to be in full operation
(13604 miles of main line) bv the 15th of November.
Bonds.— This issue of bonds is secured by a first mortgage upon
136 04 miles of main line, suhjeot only to $800,000 of prior lien bonds
(covering 54-98 miles); an equ.il amount of the Union Traction Company's flrst?5s being held in esero >v to retire the same. This mortgage
covers all property, real and personal, franchises, contracts, rights of
way and equipment. All of the franchises have a life longer than the
date of maturity of the bonds. The average life of all the franchises
Is over sixty years, which is exceptional. There are also a number of
grants which are perpetual.
Territory and Traffic—This company is a consolidation of the
Union Traction Co. of Anderson, the Muncie Anderson & Indianapolis
Street Railway Co.. the Citizens' Street Railway Co. of Muncie, the
Marion City Railway Co. and t ew lines of interurban roads connecting the oity of Indianapolis with the following 24 towns and cities:
Cities— Anderson,
Alexandria, Elwood, Gas City, Muncie and
Marion. Incorporated Towns— Franklin. Faumount, Fortvllle, Ingalls, Jonesb ro, Middletown, Orestes, Pendleton and Summitville.
Incorporated Villages— Affonte. Chesterfield, Daleville, Dundee, Lawrence, Linwood, McCordsville, Oaklandon and Yorktown. The lines
traverse the richest manufacturing and agricultural section of the
State. The population served is 150,000 to 175,000, and, inoluding
the city of Indianapolis, a total of 325,000. On the interurban lines
a high rate of speed will be maintained, as the road is located almost
entirely on private rights of way. At Indianapolis the cars of the
company enter the city over the tracks of the Indianapolis Street
—
—— —
—
—
:
THF CHRONICLE
1014
Railroad Co. to the centre of the city. The physical portion of the
plant Is believed to conform in all of its parts to the best type of modern Railway construction.
The officers are named in the Street Railway Supplement, page 7.—V. 69, p. 334.
INDUSTRIAL. GAS AND MISCELLANEOUS.
American Bridge Co.— New Plant.— The company
has
tinder consideration plans for the erection of a large bridge
and structural steel plant at Pittsburg. The cost, it is currently reported, may exceed $1,000,000.— V. 71, p. 86.
&
I
vol.
LX51
—See American Steel
Purchase of Steamshirs —
American Steamship Co.— Purchased.
Wire Co. below.
American Steel & Wire Co.
The company, it is stated, has purchased for $5,250 000 from
the American Steamship Co. its twelve sbips, including
four vessels said to be the largest on the lakes, six from
5,000 to 7,000 tons capacity, and two canal ships of 3,000
tons each. The purchase, it is stated, is made on ttie basis of
$175 per $100 share, for the $3,000,000 stock to be paid for in
5 per cent 20-year bonds of the steamship company, guaranteed by the Steel & Wire Company.— V. 71, p. 914, 493.
American (Bell) Telephone & Telegraph Co.— Output of
American Confectionery Co.— Stock Offered.— Frank F. 2elephon»8. — The following statement is published showing
Bell & Co. of Philadelphia are offering a limited amount of the increase in the number of instruments in use by tne
this company's $1,000,000 capital stock, all common. An ad- company and its licensees.
vertisement says:
^Month end. Oct. 20-v ^-From Dec. 21 to Oct. 20—
The company was organized March
27, 1900, under the laws of Delgeneral offices in Boston, Mass., and Montpelier, Vt.
The capital stock is divided into 1,000,000 shares, par $1, full paid,
non-assessable. The company was organized for the purpose of buying, selling and manufacturing a general line cf confectionery and to
purchase and operate retail confectionery stores. The following
stores are now in operation in Boston: 65 Conrt St.. 72 Cornhill, 1823
Washington St, 587 Massachusetts Ave, 96-98 Green St., Jamaica
Plain District; 616-618 Blue Hill Ave., Dorchester District. It is expected the company will be able to pay quarterly dividends of 8 per
cent per annum.
Directors.— W. A. Lane (President), Boston, Mass.; Hon, Jos. G.
Brown (First Vice President), Montpelier, Vt.; D. B. Provan (Second
Vice-President), Philadelphia; Hon. Geo. W. King (Secretary and
Treasurer), Montpelier, Vt.; Hon. Chas, J. Bell, Walden, Vt.; B. L.
Kent, Burlington, Vt.
aware, with
its
Adams Express fo. Extra Dividend.—-The company on
Wednesday declared the regular semi-annual dividend of $2
per share from the earnings of the express business and an
additional dividend of §>2 per share from the company's inThe board also voted to assure
vestments (see V. 66, p. 470)
the shareholders that distributions of $2 per share per annum
from the income of investments will hereafter be justified.
.
1900.
67.198
30,737
Grossoutput
Returned
1899.
1899-00.
1898-99.
50,861
18,044
524.362
220,698
539^98
163,271
Net output
32.817
36,461
303,664
376,327
Total instruments in use Oct. 20, 1900, 1,884,169, against
1,501,577 in 1899 increase, 382,592.— V. 71, p. 493.
;
Authracite Coal Co.
Officers.— S. Halline, Secretary of
the Missouri Kansas
Texa9 Railway, has been elected
Vice- President. W. E. Pedrich, a coal expert of Denver, is
President and R. J. Gerere is Secietary. The prospectus says:
The oompany owns and controls over 6,000 acres of coal fields In
Gunnison County, Colorado, containing valuable deposits of anthracite; also bituminous and coking coal in large quantities. There has
been expended upon this property, all told, about $40,000. This company has acquired the property, however, without debt of any kind,
and is preparing to expend $^50,000 in modern equipment, which will
give it a capacity of 1,200 tons per day. An officer of one of the
prominent Western railways assures us that he is authorized to extend his company's line to the property at an expense of $500,000, provided he can secure a favorable contract for the handling of our
&
product for a long period of years.— V. 71,
p.
913, 862.
Atlantic Transport Co.—Deal Pending.— Mr. Alexander
V. 66, p. 1235.
Brown, of Baltimore, is quoted as saying: "It is true that a
American Ice Co. Report as to Boston Business. An deal is pending, but I am not at liberty to give any informaofficer of the company was reported early in the week as tion at present." V.
71, p. 965.
saying that the company had secured control of the ice inBuffalo
&
Niagara
Falls Electric Light & Power Co.—
terests in Boston giving the American Co. 90 per cer>t of the
New
btock
The
shareholders
will vote Nov. 26 upon a propbusiness of the Atlantic seaboard cities. President Hopkins
osition to increase the capital stock from $200,000 to $500,000,
"
follows:
This
Ice
however,
is
quoted
Co.,
as
of the Boston
The American Ice Co. has not secured con- par value of shares $100. The directors include
is news to me.
George Urban Jr., Wilson S. Bissell, Charles R. Huntley, John M.
trol of the Bo3ton Ice Co. and I fail to see how it could conBrinker, Edward Miohael, Wm. C. Warren.
trol the ice interests in Boston without the Boston Ice Co."
Burton Stock Car Co.—Proposed Loan. The st jck holdNew Jersey Ice Co. Control of the company, it is underwill meet at Portland, Me., Nov. 19, to consider a
ers
American
Ice
interests
friendly
the
passed
to
to
has
stood,
mortgage the property. Tne capital stock at
Co., Oren Dennett, the new President being a director of proposition to
last
accounts
was
$1,820,000 common and $180,000 seven per
that company.—V. 70, p. 1293.
cent preferred; par value of shares $10. From Jan., 1885, to
American Lead & Baryta Co.— New Bonds.—This com- Jan. 1893, 7 per cent yearly was paid on the preferred and in
pany has been organized under the laws of Delaware with a 1893
33^ per cent on the common. Distributions to the
capital stock of $10,< 00,000 and an authorized issue of $1,250,stock were then suspended. At last accounts (in 1899) the
000 bonds, of which $1,100,000 are to be sold for the pur- company was said to have a floating debt of $1,250,000 and
chase of 33,100 acres of land in Washington County, Mis- annual gross earnings of $250,000 do net earnings, $100,000.
souri, and to develop the property on a large scale for zinc,
Particulars as to Bonds.
The
Carnegie Company.
baryta and timber. The Baltimore Trust & Guarantee Co.
for
$160,000,000
(or
executed
mortgage
was
some
£32,000,000)
of Baltimore, Md., is the mortgage trustee, and is arranging
for the underwriting of the bonds. J. O. Johnston. Guar- time ago to the United States Trust Co., as trustee, bat full
dian Trust Building, Baltimore, and Alfred S. Elliott, of particulars regarding the bonds, which have just appeared
Wilmington, Del., are said to be interested in promoting in this market, are only now available. The honds are collateral trust 5s, dated April 2, 1900, and payable as to printhe enterprise.
cipal and interest either in lawful money or in British sterAmerican Linseed Co. Dividend Passed. The directors ling, without deduction for any United State3, State, county
on Thursday adopted the folio wing resolution, passing the or municipal taxes which the company may be req aired to
usual quarterly dividend of 1% p. c. upon the pref. stock:
pay. The loan will mature April 1, 2000, bar, the company is
Resolved, Whereas by reason of the operations of the company in required to pay to the trustee on April 1, 1905, and annually
is
now
outstanding
very
flaxseed,
there
a
large
amount
of
of
purchase
thereafter, $800,000 as a sinking fund and for this sinking
obligations, and
Whereas, In the opinion of the board, it is absolutely necessary, in fund the bonds are subject to call at 105 and interest, if not
connection with ihe proper financing of these obligations, that the purchasable at that price. The par value of the bonds is as
net earnings of the company be applied to the liquidation and reduc-
—
—
—
:
—
—
,
;
—
—
—
tion of these obligations; therefore, be it
Resolved, That the quarterly dividend upon the preferred stock be
not declared.
Apparently, therefore, the working capital of $6,000,000
provided at the organization of the company in 1898 '99 has
been partly tied up in an effort to control the flaxseed crop,
which it was erroneously thought by some was to be a short
one. As the embarrassment of the predecessor company was
largely due to its purchases of flaxseed, the impression that
the present management has been engaged in similar ventures caused a large decline in the price of the company's
stock. The company late on Thursday reduced the price of
linseed oil for immediate delivery 10 cents a gallon, to 65
Plans for raising several millions of working capital
cents.
through sale of bonds or notes are said to be under consideration.—V. 71, p. 964, 810.
American Malting Co.— Redaction of Capital Stock.— See
last paragraph of annual report on page 1011.— V. 71, p. 438.
American Shipbuilding Co.— Acquisition.— The company
has purchased the Union Dry Dock Company's large plant at
Buffalo, including the company's two dry docks, shipyards,
contracts, etc, The consideration is said to be about $1,000,000.-V. 71, p. 493.
below
:
$1,000 or £200
$5,000 or £1,000
The bonds are coupon
">
I
|
tration as to principal.
The mortgage provides for the execution of
bonds at once and their issuance as required.
all
of the
The security for the loan consists of the following shares
of stock pledged with the trustee out of a total issue in each
case as indicated (the par value of the shares does not appear
from the mortgage and is given as reported unofficially)
Capital Stock.
Reported
—
Carnegie Steel Co
H. O. Friok Coke Co
Carnegie Natural Gas
Union Railroad
Youghiogheny Northern
Pittsburg Bessemer
RR., common
Pittsburg Bessemer
RR., preferred
Oliver Iron Mining
Ry
& Lake
& Lake
PewabicCo
Pittsburg Steamship
Pittsburg & Conneaut Dook
Mingo Coal
American Soda Fountain Co.— Dividend.—The company Youghiogheny Water
cent on the first preferred
has declared a dividend of 3 per
stock, payable Nov. 21 to stock of record Nov. 20. This is
the first dividend since November, 1896. The accumulated
dividends, after deducting this 3 per cent, aggregate 21 per
cent on the first preferred and 32 per cent on the second preferred.—V. 69, p. 1060.
$10,00 or £2,000. ...$40,00,000
$20,000 or £t,O00.... 40,000.000
bonds, with the privilege of regis-
$40,000,000
40,000,000
—
>
Total
Number
Far
Shares.
Pledged.
Value.
500,000
200,000
6,000
40,000
8,000
500,000
200,000
6,000
40,000
8,000
$50,000,000
lO.OOO.OOo
300,000
2,000.000
400,000
110,010
5,500,500
Erie
200,000
Erie
30,000
12.000
8,000
4.820
1,000
10
10,002
10,000
4,000
4,0163s
1,000
10
500,100
«
£
«*
3
«
1,000
1,000
3,000
3,000
S
Mt. Pleasant Water
5,000
5,000
P"
Trotter Water
Also "a $45,000 interest in the Pittsburg Limestone Co.. Lim., being
a three-fourths interest In said limited partnership association, and a
$75,000 interest in the Union Supply Co., Lim., being all of the capital of said limited partnership association, together with additional
shares of the oapltal stook of the Pittsburg steamship Oo., subaorlbed
:
,
November
THE CHKONICLE.
17, 1900.]
by the oompaDy, as and when they are Issued," and all shares of stock
which may be acquired In corporations hereafter caused to be organized In ihe Interest of the Carnegie Co. (less a sufficient
qualify directors).— V. 71, p. 603, 184.
Central Coal
—
& Coke
Co. of
number
|
to
Kansas City.— Increase of
Stock.
The company has increased its capital from $3,000,000
to $3,750,000 and has purchased the Sweet Water bituminous
mines at Rock Springs, Wyo., which have an output
ported as 600,000 toDS a year.— V. 67, p. 369.
Chicago Suburban Water
&
Light Co.— Earnings
re-
1015
Mississippi Valley Independent Telephone Co.— Sheriffs
Sale.—The partially-completed plant of this company at
Minneapolis will be sold by the sheriff Nov.t9 to satisfy claims,
those already filed, it is said, amounting to $45,000.— V. 68,
p. 928.
"Mobile" Company of America— Stock Offered.—The company is offering for sale at par ($1(0 per share) $400,000 of
$2,000,000 preferred stock. Each share of $100 so subscribed will carry with it an additional share of the common
The company, it is stated, will have no bonds and no
stock.
indebtedness. Tne President is John Brisben Walker, proprietor of the "Cosmopolitan Magazine," who owns a controlling interest in the stock of the "Mobile" Company. The
preferred stock of $2,000,000 and common stock of like
amount, it is stated, will be issued upon the basis of the following property to be taken over, fully paid for:
$400,000 cash working capital; factory buildings at Kiugsland
Point, designed specially for the work of building "mobiles;" a complete p'ant, all new and guaranteed to be equal to the turning out of
ninety carriages per week; 233 acres of manufacturing and residence
land along the Hudson River, at Kingsland Point and Philipse Manor,
upon which the New York Central has recently established a new
station; the rights to manufacture for the United States and Canada
under the Francis E. and Freeland O. Stanley patents— the "Mobile
Company owning a one half interest in the original steam carriage
patents of the Messrs. Stanley— the Locomobile Company owning the
other half. The two companies owning these paten's tuned out
more than 95 per cent of all the steam carriages built in America
its
—The
earnings for the year ending July 31, 1900, are reported as
follows: Gross, $116,338; net earrings, $70,651; interest on
$700,000 bonds, $35,000; surplus for stock, $35,651.—V. 69, p.
956.
—
Electric Vehicle Co.— Dec'sion as to Gas Propellers.
Judge Coxe, in the United States Circuit Court, in this city,
on Nov. 9, in the case of the Electric Vehicle Co. against the
Winton Motor CirriageCo., et al, overruled the demurrer of
the defendants and ordered that the action proceed upon the
merits
The suit was brought to prevent the infringement
of letters patent granted Nov. 5, 1^95, to George B. Selden,
of Rochester, N. Y., under which the Vehicle Co. has acquired sole rights to manufacture a "road vehicle, the
motor being a liquid hydrocarbon gas engine of the compression type," the demurrer being imerposed upon the
"broad ground that the patent, on its face, is void for lack
of patentability." If the decision is sustained, the company, it is claimed, will have a virtual monopoly in the
manufacture and use of automobiles operated by gas or oil
motors. The use of electric motjrs was not involved.— V.
during the past year.
Natalie Anthracite Coal Co.—Mines Leased.—The Pittsburg Trust Co., as receiver, has been authorized by the
Court to lease the company's mines to the Shamokin Coal
Co. for 14 months, 30,000 tons as a minimum to be mined
70, p. H93.
monthly. The lessee is to pay $8,333 33 per month in adFederal tiraphile Co.—Mill Completed.— The company has vance on account of royalties, as follows
Thirty-five cents per ton for coal above seven-eighths in mesh, 25
completed its mill and expects to be in full operation at an
No. 2
:
early day.
A director is quote I as saying
:
We are satisfied that we have one of the best deposits of graphite in
the couutry and one that can be most economically worked, owing to
the softness of the ore. In quality our graphite will compare favor
ably with the Ceylon product. It shouldaverage $125 per ton atleast.
cents for pea coal, 20 cents for No. 1 buckwheat. 10 cents for
buckwheat and 5 cents for one-fourth In mesh.— V. 66, p. 574.
National Salt Co.— Second Dividend on Common Stock.—
No. 2, 1}4 per cent, has been declared
stock of record Nov. 24tb, 1900.—
1st,
to
1900,
payable Dec.
The property is controlled by Boston capitalists, having See V. 71, p. 862, 866.
been financed by George E. Armstrong & Co.— V. 70, p. 330.
Newburg (N.Y.) Light Heat & Power Co.— Incorporated.—
General Electric Co.— Listed.— The New York Stock Ex- This company has been incorporated at Albany with $500,000
change has authorized the listing of $4,415,000 additional of capital stock. Directors- J. L. Wilke, W. B. Goodwin
common stock from time to time when issued in exchange and Moses Ely, New York Ciiy. The new company, it is
for debenture bonds, the amount of common stock, includ- stated, has acquired the property of the Consumers' Gas
ing such additional issues, not to exceed in the aggregate Company and the Consolidated Gas Electric Light Heat &
$22,691,000. A financial statement for the seven months Power Co. (see V. 71, p. 87, 604) and will increase its capital,
ended August 31, 19C0, is on page i\n.—V. 71, p. 604.
stock to $1,000,000.
—
General Carriage Co.— Cab Service. The company, it is
stated, under an arrangement with the Westcott Express
Co., will shortly establish a cab service at the Grand Central
Station and elsewhere in this city where cabs are now sta-
Common stock dividend
Niles-Bement-Pond Co.— See Pratt
& Whitney Co.— V. 71,
p. 290.
North Shore Gas Co. of Waukegan, 111.—Incorporated.—
company was incorporated at Springfield, 111., on Nov.
The carriage company This
2 to operate gas and electric plants. Incorporators, W.
tioned by the Westcott Express Co.
is said to have about 75 cabs in operation.
—V. 71, p. 604.
Irving Osborne, Fred.
W.
Bentley, Marshall C. Smith.
A
Great Northern Paper Co.— Plant in Operation.—This promoter is quoted as saying:
company, organized early in 1899 with $4,000,000 of capital
We have been working for some time past to control the gas busistock, all subscribed, has completed and put in operation its ness of the North Shore towns, and so far have secured the privileges
Park. The greater part of our
extensive work3 at Millinockett, Me. The capacity of the from Waukegan south to Highland
pipe line is ready for operation. Contracts have been made to supply
plant is between 250 and 300 tons of news paper dail^. Gar- the Government reservation at Fort Sheridan.
rett Schenck of Boston is President and Col. Oliver H. Payne
Ohio & Indiana Natural & Illuminating Gas Co.-See
was a large stockholder. The New York & Pennsylvania Co.
with offices in the " Times " Building, this city, is the com- "Indiana Natural Gas," above.— V. 70, p. 994.
pany's selling agent.— V. 69, p. 285.
Pacific Mail Steamship Co.—Sale of Stock— See Southern
Pacific
Company under "Railroads" above.— V. 71, p. 970, 867.
Indiana Natural Gas.—Supply Failing.— A press dispatch
People's
Gas Light & Coke of Chicago.—Earnings.— For
from Indianapolis on Nov. 12 says
to
The natural-gas supply is almost a failure In Indiana this winter the quarter ending Sept. 30 the sales of manufactured gas
and much suffering has been caused by the sudden cold spell. Coal is private consumers, as indicated by the company's payment
being used almost exclusively here and many towns located in the to the city, aggregated $1,351,165, an increase of 4 per cent
centre of ttie gas belt have a short supply. Much complaint is made
Following is a
because gas is being piped out of the State, chiefly to Chicago, where over the corresponding quarter last year.
rates are higher than in Indiana. State Natural Gas Supervisor Leach comparison with previous years:
says that the natural gas will be entirely exhausted within three
years at the present rate of decrease of pressure.
International Emery & Corundum Co.—Litigation.— ViceChancelior Stevens of Newark, N. J., will hear in Chancery
on Nov. 21, the suit brought by the company to compel the
National Abrosive Co. to assign to it the contracts originally
secured from the Turkish Government by William F. and
Alton H. Kimball of Tiffin Ohio. The defer dants claim that
the International Company failed to exercise its option on
the contracts, said to be worth $600,000, within the required
time.— V. 71, p. 604:
Iola (Kan.) Portland Cement Co.— In Operation.—This
company, incorporated in West Virginia in May, 1899, with
$3,500,000 of authorized capital stock, has just completed at
Iola, Kan., on the Atchison Topeka & Santa Fe Ry., one of
the largest Portland cement plants in the UnitedStates, and
said to be the first established west of the Missouri River.
It is now operatIts capacity will be 5,000 barrels per day.
ing at half capacity. The material used is said to be
abundant. It was discovered by the industrial commissioner of the Atchison. The President is Wm. L. Holmes;
Vice President, Geo. A. Beaton; Treasurer, John T. Holmes,
,
Third quarter
Second quarter
First quarter
Totals
1899.
$l,297,9f5
1,302,543
1,545,211
1,780,7? 6
1898.
$1,158,934
$4,145,709
$3,776,622
1900.
$1,351,165
1,506,882
.$4,638,783
l.}iHo?
1.436,226
-V. 71. p. 970, 867.
Pittsburg Valve, Foundry & Construction Co.— Consolidation.— This company was incorporated in Pennsylvania on
Oct. 30 as a consolidation of the following concerns Atwocd
& McCaffrey, Pittsburg Valve & Construction Co., the pipefitting department of the Wilson-Snyder Manufacturing Co.,
Shook- Anderson Manui'g Co. and the foundry department
of Alex. Speer & Sons. The new company will make a
specialty of heavy steam pipe fittings. The capital stock is
$1,150,000, fully paid up, and was taken by the firms above
named, not a share having been offered for sale; neither is it
expected that any of it will be on the market. The officers are
Henry M. Atwood, President; J. T Speer, Vice-President; C. A.
:
Anderson, Treasurer; Moses Atwood, Seoretary and Sales Agent; Geo.
E. Klingelhofer, General Manager.
Portland Gold Mining Co. of Cripple Creek.— Sold to
London Syndicate.—This company, organized in 1893 94, and
having outstanding $3,000,000 of capital stock in $1 shares,
Of the $3,500,000 capital stock $1,000,000 is 7 is reported to have been sold for over $10,0> 0,000 to a Lonper cent cumulative preferred.
don syndicate, including the Exploration Company, Limited,
Kings County Electric Light & Power Co. of Brooklyn.— and others. The Portland has of late been pa\ing dividends
New Stock.— The company, it is stated, will issue on Nov. 21, at the rate of 24 per cent per annum, over $3,300,000 having
all of
Detroit.
at par to the present sto kholders, $520,000 stock, this britging the capital stock up to its authorized limit, $2,500,000
"
V.
71, p. 862,
been distributed to shareholders to date.
BF*For other Investment News seepage 1023.
:
:
THE CHRONICLE.
1016
[Vol. LXXI.
nn& J^otnmmts.
tpoxts
NORTHERN PACIFIC RAILWAY COMPANY.
DISSOLUTION OF THE VOTING TRUST.
23 Wall Street,
New York, November 12,
LAND GRA.NT.
Instead of holding the lands at prices that were high compared with the prices asked for adjoining Government
lands, the policy of selling at much reduced rates has been
vigorously'carrled out, with great success, thereby reducing
the Company's taxes, stopping the interest on "Land Grant"
Bonds retired, and iccreasing the population and tonnage
tributary to the railroad system.
The acreage of the lands granted by the United States to
the Northern Pacific Railroad Company has been thus reduced over 34 per cent, from about 34,000,000 to about 22,000,000 of acres, as will be seen by the following details of
unsold lands
1900.
Certificates for the Common and
Preferred Capital Stock of the Northern Pacific Railway
To the Holders of Trust
Company
Pursuant to the Plan for the Reorganization of the Northern Pacific Railroad Company, dated March 16, 1896, and
"in furtherance of the independent reorganization and ad
ministration of the property and to promote and protect the
value of the securities of the new Company, '• Messrs. J. P.
Morgan & Co., as Reorganization Managers, delivered to the
undersigned, as Voting Trustees, under the terms of an
Agreement dated December 1, 1896, the Common and Preferred Capital Stocks of the Northern Pacific Railway Company, for which our Trust Certificates have been issued and
are now outstanding.
By the receipt of these Northern Pacific shares the Voting
Trustees possessed and became "entitled to exercise all the
rights of every name and nature, including the right to vote
in respect of any and all such stock."
As stockholders of record, the Voting Trustees have received all dividends paid upon these shares and have caused
the same to be distributed as received to the holders of the
Trust Certificates.
In voting the stock held by them, tbe Voting Trustees
have exercised their best judgment, from time to time, in
the selection of suitable directors, to the end that the affairs
of the Company should be properly managed.
The annual reports issued and distributed by order of the
directors during the past four years to the holders of the
Trust Certificates and various securities of the Company,
have given prompt and full information to all parties in
interest regarding the directors and officers selected, and
the management thereby t ecured by the Voting Trustees in
the exercise of their voting power and the administration
Since tbe cancellation of all the mortgages securing the
Land Grant " Bonds of the old Northern Pacific Railroad
Company, the proceeds of land sales have been applied as
above provided and $1,282,500 of Prior Lien Bonds have
been purchased and canceled.
'
CAPITALIZATION AND FIXED CHARGES.
During the same period of increased assets and earning
power, the Mortgage Debt and Fixed Interest Charges have
been increased as follows:
Mortgage
Changes
ADVANCE
Locomotives
Passenger-train cers
Freight- train cars
Miscellaneous equipment
574
438
18,032
465
6H8
582
25,130
652
IN PRIORITY
OF MORTGAGE LIENS.
5,666 52 miles
$17,918,000 In
the Equip-
—
i
$280,335
$1 ,776,000 Missouri River Division 6s
16,14?, )CO General First Mortgage 6s
,
Sept. 1,1896. Nov. 1, 1900.
*19?4
4,345-69 miles
EQUIPMENT.
number of items constituting
Equipment—
"$15,189,096
being:
op-
as follows:
Charges.
$S,497,655
6,217,320
Since September 1, 1896. all the then outstanding bonds
of the old Northern Pacific Railroad Company assumed to
be paid by the new Northern Pacific Railway Company,
909-32 to 1,484-71 miles.
ment has been
3-79%
3*9b%
of Interest.
While the Mortgage Debt has been increased 9*72 percent
and the Fixed Annual Interest Charges 4*51 per cent, the
average rate of interest on the entire Mortgage Debt, both
that of original issue and that assumed, has been reduced
4*8 per cent.
By reason of the application of the proceeds of land sales
to the payment of "Land Giant" Bonds, and the acquisition and construction of additional mileage during the
period from September 1, 1896, to June 30, 1900, tbe capitalization per mile has been reduced $11,623 per mile, or 16*16
per cent.
1,320-83 miles
in
Average Bate Annual Int.
$171,346,596
156,15 7,500
Debt.
Date of Balance Sheet—
June30, 1900
September 1, 1896
equivalent to an increase of 30-4 per cent in mileage owned
and operated.
During the same period the miles of second track, spurs
and sidings have increased 575*39 miles, or 63-2 per cent,
The increase
11,865,628
'
railroad system consisted of a Main Line and Branches
from
22,773,250
mortgaged property.
MILEAGE.
On September 1, 1896, when the Northern Pacific Railway Company received possesion of its property, the
An increase of
34,638,873
Grant are now applicable to the extent of one-half, but not
exceeding $500,000 in any one year, to the purchase at not
exceeding 110 per cent and the cancellation of Prior Lien 4%
Bonds, and when these are not obtainable, then to the purchase, at not exceeding 100 per cent, and the cancellation of
General L,ien 3% Bonds. The remaining half of the proceeds are to be used for betterments and additions to the
Railway Company, the Voting Trustees, in the exercise of
their discretion, have decided to now terminate their trust
and to distribute on January 1, 1901, the shares of stock
they hold in exchange for their outstanding Trust Certificates.
The Northern Pacific Railway Company has already declared thirteen dividends upon its Preferred Stock and six
dividends upon its Common Stock. Although its published
statements of earnings and cash resources give evidence
that the continuance of regular quarterly dividends, now
established at the rate of 4$ per annum, upon both its Common and Preferred Stocks, may be reasonably expected under its present management; yet a brief summary of the
position of the Company may be of interest to its proprietors at the present time.
owned and
,
Under the terms of the mortgages issued by the Northern
Railway Company, the net proceeds of the Land
certificates of capital stock.
By reason of the evidences of financial strength, conservative management, skillful and profitable operation,
superior physical condition of the property and the reasonable prospect of continued prosperity of the Northern Pacific
1, 1900, the total mileage
erated amounted to
,
Pacific
Although the first day of November, 1901, was fixed as the
date for the expiration of this tru?t, yet it was provided
that at any time the Voting Trustees might call upon the
holders of the stock Trust Certificates to exchange them for
On November
Bee.
Total acres
of their trust.
aggregating
l
1896. Sept. 30, iroO. Dec, in Acres.
893,358
442,796
1,336,154
5 584.207
1,267,780
6,«51,987
2,530,872
13,270,271
15,801,143
199,221
1,633,272
1,832,493
2,540,399
6,129.934
8,670.333
117.566
29.197
146,763
Locations—
Minnesota
North Dakota
Mom ana
Idaho
Washington
Oregon
Increase
Number,
114
144
7,098
187
p.
.
c.
199
32-9
39-4
402
all,
retired, and their mortgages discharged of record.
The Prior Lien 4 per cent Bonds have thus become a first
lien, by direct mortgage or through the ownership of securities, upon 4,975*04 miles of Main Line and Branches,
have been
including extensive terminal properties at the several termini on Lake Superior and Puget Sound, upon the entire
Northern Pacific Railroad Land Grant and all the Equipment of the Northern Pacific Railway Company, exclusive
of the St. Paul & Northern Pacific and St. Paul & Duluth
Divisions, upon which, subject to their existing underlying
mortgages, the new bonds likewise have subsisting liens.
The General Lien 3 per cent Bonds have likewise been advanced in order of lien, so that they are now secured by a
second mortgage upon the same property that secures the
Prior Lien 4 per cent Bonds and subject to the same exceptions stated.
38-7
27,052
7.543
While the increase in total number is 38-7 per cent, the
increased horse power of the road locomotives is 62-2 per
cent, and the increased capacity of the freight trains is 70-6
per cent, by reason of the purchase of heavier power and
the reinforcement and purchase of cars of larger capacity.
The average train load of revenue freight increased in the
same period 69*57 per cent, from 193-52 to 328*16 tons.
Totals
19,f09
EARNINGS
June 30,
The gross earnings for the flsoal year ending
........-....$^0,0x1,017
...
-- .-1900 were
19,863,159
For the year ending June 30, 1896, they were
-
Being an increase of 51*14°
The net income
,
$10,15$, 156
or
for the
same periods increased
105'S9£,
being from $7,527,913 to $15,461,620.
j.
NOTEMBER
THE CHRONICLE.
17, 1900.)
Appropriations from net income have been made during
the past three years to the extent of $5,988,328 for new
equipment and additions and betterments to the property.
Dividends have been declared upon both Common and
Preferred Shares to the aggregate amount of $14,550,000.
Surplus Revenues have been accumulated in cash amounting on September 30, 1900, to
$7,273,248
Of which $3,000,000 cash was set aside in 1898 as a special
reserve, until the end of 1901, to insure the continuity of
dividends upon the Preferred Stock.
CASH WORKING CAPITAL.
On June 30,
1897, the Current Assets, exclusive of the
Betterment and Enlargement Funds, exceeded the Current
Liabilities by
$5,258,592
On September 30. 1900, the Current Assets, exclusive of
the Betterment and Enlargement and Insurance Fund-),
and the Special Reserve of $3,000,000 for continuity of
dividends on Preferred Stock, exceeded the Current Liabilities by
19,540,482
An
increase of 2? 1*6 per cent since June 30, 1897.
CASH AND CASH ASSETS.
The cash and, available a sets of the Company on Septema
ber 30, 1900, including the Betterment and Enlargement,
Preferred Stock Dividend and Insurance Funds, were as
follows
Cash
Accounts Receivable
Materials on hand
:
$8,856,645
2.607,6ul
2,270,928
Land Contracts
Treasury Securities—
Prior Lien Bonds, *9,«91,000, at 100%
General Lien Bonds, $2.6f)0,0O0, at 60%
Miscellaneous Bonds and Stocks
.
train
3
Miles run by freight tralos
J|gJ
jjJg&IJ
Mileage of loaded freight) 1900
164,314,552
123,342,454
-00937
-01130
3,295
2,222
S1896
1900
\ 1896
Total freight earnings per ) 1900
9,921,000
Italic figures
00
$31,688,018
\
cars
Average receipts per ton
per mile revenue freight.
train mile
7,153,854
Total present Cash Resources
With the exception
one mile, yet by increasing the tonnage loaded in each car
25-66 per cent and the number of loaded cars in each train
34-93 per cent, the number of revenue tons in each train has
been increased 69-57 per cent, and the increase of 888,358,921 tons one mile has been transported in 1900 in trains that
ran 85,181 miles less than was required for that much less
tonnage under the methods and facilities of 1896.
Although the mileage of loaded freight cars increased
33 22 per cent and the average receipts per ton per mile
decreased 12-65 per cent, yet the total freight earnings per
train mile increased 48-29 per cent.
The following statistics are from the Annual Reports:
Increase or
Per
Tons, Miles,
Decrease.
Etc.
Oint.
Tear.
Operating Units—
2,205 317,271
Tons of revenue freight) 19<
$1896 1,316,958,350 888,358,921 6745
carried one mile
13 42
Average tons of revenues 1900
10-68
274 25-66
freight in each loaded car \ 1896
24-45
Average number of loaded > 1900
18-12
633 34-93
freight cars in each train $ 1S96
Average number of tons of i jqqq
328-16
revenue freight in each S lg96
134-64 69 57
193 32
2,2 4,fe90
i.5yo,<
1017
)
189cJ
S
Ss ,iS,
vzS
40,972,098
33-22
'00143
I2 6j
1,073
49-29
,
denote a decrease.
The above record appears even more creditable when
it is
considered that 42 per cent of the mileage of the system
now operated is composed of 63 separate branch lines.
on $811,000 General
SUMMARY.
Lien Bonds held by the Insurance Fund, the interest accruof
the
Northern
Pacific Railway Company in
The
strength
ing upon the Prior Lien and General Lien Bonds held as
physical
and
financial
condition,
as well as in its manits
Treasury Securities has not been included in either the
Fixed Charges or the Miscellaneous Income of the Company agement, may be briefly stated in conclusion as follows
While the mileage has been increased 30 4 per cent, the
for the past hscal year.
capitalization
has been decreased $11,623 per mile.
In addition to the above-described cash and convertible
The Prior Lien Bonds have been made a first mortgage
assets there are the following marketable bonds available,
under the provisions of their respective mortgages, for new and the lien of the General Lien Bonds has been correspondingly advanced to the second position.
construction, betterments, equipment and other purposes:
Even with unusual charges to expenses for improvements
Prior Lien 4% Bonds to the extent of not exceeding
to
the property, the net income during the past three years
$1,500,000 per annum
$20,500,000
General Lien 3% Bonds, as required for betterments, new
has averaged 5-16 per cent on both Preferred and Common
of the interest
:
-
construction, equipment, etc
Paul & Duiuth Division 4% Bonds, for betterments
and additions to this Division
4,000,000
St.
5,502,000
$30,002,000
BETTERMENT AND ENLARGEMENT FUND.
Under the Plan
of Reorganization a cash
fund amount-
ing to
Was
The net cash working
Leaving September 30, 1900, still available in cash and
bonds for similar expenditures*.
$8,461,514
After a total disbursement, as above described, of
14,638,029
$23,102,543
these purposes.
The following details will indicate the amount and character of the expenditures made from September 1, 1896, to
November 1, 1900, to place the property, exclusive of the
proprietary companies, in condition, for economical opera-
and maintenance:
Heavy steel rails laid on
Added Second Track, 8purs and Sidings
Embankments widened to 16 feet on
Roadway ballasted for
Replaced
Grades reduced, with incidental improvement of alignment and curvature, over engine districts aggregating
30, 1900,
The
was
have given continued evidence of their ability
and extend the property while increasing its net
officers
to improve
revenue.
The directors have contributed, by their varied experiences and personal attention, so much to the strength and
credit of the company that we consider their continuance in
the guidance of its affairs to be of the greatest importance
to its future prosperity.
Because of the conditions above described, we believe
that the purposes of our trusteeship have been fulfilled and
that we are warranted in now dissolving the Voting Trust.
J.
PIERPONT MORGAN,
GEORG von SIEMENS,
JOHNSTON LIVINGSTON,
Dr.
AUGUST BELMON 1\
CHARLES LANIER,
Voting Irustees.
TRACTION STATISTICS OF THE NORTHERN PACIFIC
RAILWAY COMPANY.
Increase
,
1,012
221
1,391
1,426
7,550,000
miles
miles
miles
miles
ties
l,700miles
Tonnage capacity of freight-train cars increased
Horse-power capaoity of road locomotives increased..
September
cash assets of the Treasury
first class.
In addition to
to operating
expenses during our period of trusteeship for improvements
and additions to the property, there has been $5,988,328 appropriated from Net Income during the past three years for
tion
capital on
$19,540,482, while the total
amounted to $34,688,018.
There are additional resources for present and future requirements in $30,002,000 of Bonds issuable under existing
$5,073,964 mortgages of the Northern Pacific Railway Company.
The condition of the railroad and its equipment is of the
provided for early use in the betterment and enlargement of the property acquired by the new Company. The entire amount of this Fund has been expended for the purposes indicated.
Further cash and bonds have been received from time to
time for similar improvements, pursuant to the provisions therelor under the terms of the Prior Lien Mortgage, to the aggregate amount of...
$18,028,579
During the same period there has been expended from
this additional fund, for new mileage, equipment, real
estate and improvements.
9,564,035
PHYSICAL CONDITION.
the large amounts charged
Stocks.
70-6%
62-2%
574
688
Amount.
114
41,915,565
61,756.335
19,840,770
Sept. 1, 1896. Nov. 1, 1900.
Statistics—
Number of engines
Weight on drivers
Number of road engines
604
99
Weight on drivers
36,732,815 54,647,035 17,914,220
150,870
393,345
Horsepowerof road engines
242.475
7,098
Number of cars in eervice..
25,130
18,032
260,355
629.269
Total capacity in tons
368,914
217-1
234-2
*Net tons per train mile....
U51-3
'Including
Company
503
as well as commercial freight,
t
p.
c.
199
47-3
196
48-7
62*2
394
70 6
92 7
Sept. 1, 1900
OPERATING RESULTS.
The increase of net income to the extent of 103-89 per
cent in the past four years, while largely due to the improvement in general business, could not have been attained in the face of voluntary reductions in freight and
passenger rates but for the decrease of expenses of transportation through the intelligent application of the best
methods known in the science of railroad operation and
engineering. The results of such methods are shown in the
following comparative statistics for that period, by which
it will be seen that invested capital, labor and fuel have
been utilized with an economy and profit seldom before
shown in the solution of railroad problems of this country.
Although there has been in this period of four years an
increase of 67*45 per cent in tons of revenue freight carried
POPULATION OF STATES TRIBUTARY TO THE RAILROAD
SYSTEM OF THE NORTHERN PACIFIC RAILWAY COMPANY.
Slates—
Wisconsin
Minnesota
North Dakota
Montana
Idaho
Washington.
Oregon..
Totals
Alaska
Manitoba (approximate)
Totals
Increase.
P.c.
22-6
319,040
243,289
161,771
517,672
413,532
382,083
449,569
136,321
111.130
77,386
163,282
99,765
4i051,126 5,475,662
44,000
32,052
300,000
150,000
1,424,536
11,948
150,000
1000
5,819,662
1,586,484
37-5-
1890.
1,686,880
.1,301,826
182,719
132.159
84,385
349,390
313,767
4,233,178
1900.
2,068,963
1,751,395
345
74-6
84-1
91-7
48-2
31-8
35-2
37-3
:
.
THE CHRONICLE
Jolb
[Vol.
LXXI
THE PACIFIC COAST COMPANY.
EXTRACTS FROM THE ANNUAL REPORT FOR THE YEAR ENDING JUNE
To the Stockholders of the
Pacific Coast
Company
|
The following report of the business and operations of your
Company for the fiscal year ended June 30, 1900, is respectfully submitted:
There has been no change in the Funded Debt or Share
There was sold in conformity to the provisions of
the mortgage the following property: Block 325, San FranCapital.
cisco,
for $224,000
and other property
for
$21,615.
The
proceeds, less expenses of sale, were deposited with the
Trustee, and are available for re-investment.
The Steamship "Miami" (collier), laden with 3,969 tons of
Wellington coal, bound from Oyster Harbor, British Columbia, to San Francisco, California, in charge of a Canadian
licensed pilot, as required by the Compulsory Pilotage Act,
struck a reef between White Rock and Danger Reef, off the
southeast coast of Vancouver Island, January 25, 1900. Sur
vey was had, and the Bo ird having reported the vessel a
total loss, notice of abandonment was served upon the
underwriters, who, in due time, paid the insurance, viz,:
$180,000.
Your Board of Directors having authorized the purchase
or construction of a collier to replace the "Miami," plans
and specifications were prepared for a 5, 000- ton steel vessel,
356 feet in length, 45 feet beam, 28 feet depth, equipped with
water tube boilers, direct acting triple expansion engines and
water ballast. In the preparation of these plans special attention was given the features which tend to expeditious
loading, trimming and discharging of cargo.
IMPROVEMENTS AND BETTERMENTS.
The rapid development of the
Pacific Coast country, referred to in our last report, continues, and in order to meet
the growing demand for transportation of passengers and
freight it is necessary that additional modern ships be provided from year to year to supplement and take the place of
vessels that are becoming unsuitable for use on account of
age and service.
It is also necessary, in order to meet the increased demand
for coal, to make a very considerable expenditure of money
to reopen the Franklin Mine; to replace the Seattle coal
bunkers; to obtain additional trackage facilities, and generally to make provision to insure economical operation and
handling of this important product of our Company, additional colliers and barges must also be provided. Our
ocean and city docks require renewing, a*d expenditures
are also necessary to utilize the valuable water-front property at Seattle.
It is also imperative that liberal maintenance expenditures be continued from year to year to improve the service
and reduce operating cost on our rail lines, and the directors have authorized the officers of the Company to make
the necessary expenditures in order to meet the requirements as set forth in this report.
Appreciating that the traffic to and from Alaska had outgrown your transportation facilities, plans and specifications
were prepared by marine architects of recognized ability for
a steel passenger and cargo ship, to accommodate 200 first
cabin, fifty second cabin passengers, and 800 tons miscellaneous cargo.
Tee vessel will be 285 feet long, 40 feet beam, 20 feet
depth, and equipped with Babcock & Wilcox water tube
boilers, triple expansion engines, electric lights, ventilating and sanitary appliances of modern type, electric cargo
hoists and cold storage plant guaranteed speed 15 knots.
contract for the construction of this ship was awarded,
to the Union Iron Works of San Francisco. The material
and workmanship is of the best. Satisfactory progress has
been made, and it is expected the vessel will be in commission April 1, 1901.
The Seattle coal bunkers of the Columbia & Puget Sound
Railroad Company are practically worn out. Although extensive repairs have been made during the past year, it has
been found necessary to reduce the storage capacity onehalf. To provide the required facilities and ensure economical operation it is proposed to construct a modern plant
at
an early date.
By reference to the Annual Report for 1899 it will be
observed that the Columbia & Puget Sound Railroad Company is the owner of various tracts of unimproved real
estate in the City of Seattle. It is the policy of your Board
of Directors, when full value is offered, to sell such property as is not necessary or requisite to the operation or
preservation of the parent and constituent companies, or
which will not by improvement yield adequate returns,
and to invest the proceeds accruing from such sales in
property that will increase the earning power and enhance
the value of the assets of your Company.
The tracts of real estate reserved from sale will, from
time to time, be improved as the conditions warrant. In
pursuance of this policy there is being erected for a respons
ible firm a cold storage plant, warehouse and wharf, on
Block 172, Seattle Tide Lands, at estimated cost of $80,000.
In order to increase the output of steam coal, for which
there is a growing demand, your Directors decided to reopen the Franklin Mine, which was fired, flooded and aban-
A
;
30, 1900.
doned in 1894, The original maps were recently verified by
surveys and a diamond drill bore hole and a conservative
estimate indicates that there are approximately 12,000,000
tons of high-grade steam coal in this field. Two years will
be required to complete the work, and the estimated cost
is
$250,000.
The reopening
of the Franklin Mine necessitates the revision of V^i miles of the Columbia
Puget Sound Railroad
Company's track, at an estimated cost of $25,000. The revision, in addition to affording trackage facilities to the mine,
obviates the immediate necessity of rebuilding six trestle
bridges, aggregating 1,000 feet in length, and reduces
&
grades and curvatures.
The Lawson Mine, acquired May, 1699 (See Report for
that year), has been extensively developed at a cost of $36.000, charged to operating mine.
At Coal Creek Mine (Newcastle) improvements were made
and equipment purchased at a cost of $30,680, charged to
Operating Mine.
The Ocean and City Docks, Seattle, property of the Columbia & Puget Sound Railroad Company, by reason of
their dimensions, age and construction, are inadequate to
the needs of the Pacific Coast Steamship Company and our
tenants, and expensive to maintain and operate. To the
end of meeting the present and prospective requirements of
your shipping interests and utilizing unimproved property,
your Board authorized the construction of additional slips,
wharves and a three-story fire-proof warehouse. We have
executed a lease for a term of years of the City Dock and
the warehouse mentioned. Satisfactory progress has been
made, and it is expected the structure will be completed before the close of next fiscal year. Estimated cost, $250,000.
GENERAL.
The output
Company's mines exceeds that of the
preceding fiscal year by 50,070 tons.
The cost of permanent improvements and equipment, aggregating $72,129,
was included in the Operating Expenses. The profits are,
however, $68,166 50 in advance of the previous year.
The wharves at Skagway, Alaska Southern Wharf Company, received extensive repairs. The wharves at Juneau,
The Pacific Coast Company, were substantially improved,
the warehouses remodeled and modern coal bunkers erected.
The net earnings from the opsration of the steamships
owned by and under charter to the Pacific Coast Steamof your
ship Company are satisfactory, being $11,312 27 in excess of
the previous year. In addition to the cost of ordinary repairs of your fleet there was expended in extraordinary
repairs on the Steamships "Santa Rosa," "Umatilla,"
"Walla Walla" and "Orizaba" $'25,000, all of which was
charged to Operating Expenses. The benefits arising from
the liberal maintenance expenditures will be evidenced by
improved service and reduced operating cost.
Contracts for repairs to the Steamships " Pomona ," and
" City of Puebla " have been awarded. Further repairs and
alterations will also be made on these vessels. The aggregate
cost of the treatment of the two vessels will approximate
$175,000, which sum will be charged to the Steamship
Depreciation and Renewal Fund.
The traffic on the Pacific Coast Railway was satisfactory,
showing an increase in net earnings of $41,248 21.
The demand upon the locomotives and freight cars of the
Pacific Coast Railway, by reason of transporting the heavy
grain crop tributary to that line, necessitated liberal maintenance expenditures. Five stone culverts were constructed,
300 lineal feet of trestle bridges filled, and 4,000 cubic yards
of riprapping put in along exposed track in vicinity of Port
Harford
&
of the Columbia
Puget Sound Rail$65,117 19 in excess of previous fiscal year.
The increased traffic necessitated the building of 15 coal
cars, 8 flat cars, 1 rock car and 10 log trucks, and material
was purchased for five additional coal cars. All the equipment received general repairs.
The operating expenses and taxes of the Purt Townsend
Southern Railroad Company exceed the gross earnings by
material reduction in the cost of conducting
$2,483 17.
transportarion was effected.
There is an increase of $4,400
in maintenance charges. The tie renewals and repairs to
Alth .ugh the
bridges contributed largely to this increase.
deficit compared with that of the last riscal year shows a
decrease of $2,306 28, the business continues unsatisfactory.
The gross earnings were more than sufficient to pay the
operating expenses, exclusive of taxes.
In accordance with the recommendation made in the Report for 1899. your Board fixed the Steamship Annual Depreciation and Renewal Fund at $200,000.
An estimate of the coal available from your lands hM
been prepared and it is not deemed necessary to incre;i><
the appropriation of five cents per ton on the output which
is now being carried to the credit of Coal Depreciation and
The net earnings
road
Company are
A
Renewal Fund.
H.
W. CANNON.
J. D.
FARRELL,
President and General Manager.
Chairman.
[Balance Sheet and Income Account will be found on p. 1010.]
November
THE CHRONICLE.
17, 1900.]
THE AMERICAN COTTON
01<*
COMPANY.
OIL
ANNUAL REPORT FOR THE FISCAL YEAR ENDING AUGUST
Executive Offices, 27 Beaver Street,
New York, November 14, 1900.
To the Stockholders of the American Cotton Oil Company
The Directors submit herewith their Report and Statement of Accounts for the fiscal year ending August 31,
1900, being the Eleventh Annual Report of the Company.
:
SHARE CAPITAL.
of the Capital Stock issued and outstanding
Common Stock, $20,237,100 Preferred
Stock, $10,198,600.
unchanged,
viz.:
;
DEBENTURE BONDS.
Of the $3,068,000 eight per cent Debenture Bonds outstanding at the date of last Report, $68,000 have been
bought by the Company and canceled.
The remaining
$3,000,000 have been extended for the period of fifteen years,
from November 1, 1900, and bear interest at the rate of 4^
per cent per annum.
ALL PROPERTIES FREE FROM
1900.
GENERAL PROFIT AND LOSS ACCOUNT OF ALL THE
PROPERTIES AUGU8T 31, 1900.
OR.
Balance of General Profit and Loss Account August 31.
.$6,443,744 21
1899, as per Tenth Annual Report
99,966 92
Difference resulting irom sale of inactive properties
—
$6,343,777 29
Manufacturing and Commercial business of this Company and of
the Corporations in which it is interested, for the year ending August 31,
1S00, after charging off all expenses of
Manufacturing and Operation, Repairs
of Buildings and Machinery, Bad and
Doubtful Debts, Expenses of Adminis-
Profits of the
The amount
is
31,
LIEN.
All the properties of the Organization are absolutely free
lien, and there are no liabilities
for loans or Bills Payable, except for Debenture Bonds, as
.$1,739,449 28
tration, etc
Deduct—
Inter, on Debenture Bonds,
at
8%
per
annum
$242,266 67
Semi-Annual Dividends on
Preferred Stock,
Paid June l, 190T ...3% 305,958 00
Payable Deo. 1, 1900.-3% 3^5,958 00
Dividend on Common Stock,
PayableDec. 1,1900.313% 708,298 50
1,562,481 17
from mortgage or other
176,968 11
Balance to Credit.
above stated.
Balance of General Profit and Loss Account August 31, 1900
PROFIT AND LOSS.
The Profits forthe year amounted
Deduct Debenture Bond Interest
Net
$1,739,449 28
242,266 67
to
$1,497,182 61
Profits
Deduct:
Dividends on Pref. 8tock, 6% per annum. $*11,916 00
Dividend on Common Stock, 3*3%
708,298 50
1,320,214 50
Balance carried to General Profit and Loss Account
$176,968 11
PERMANENT INVESTMENT ACCOUNT.
$6,520,745 40
The Board of Directors, at the regular monthly meeting
held November 8, after declaring the Eighteenth Semi-Annual Dividend of 3 percent upon the Preferred Stock, authorized the distribution of $708,298 50 to the holders of the
Common Stock, being 3J^ per cent, both Dividends payable December 1, 1900.
The amount of the eight per cent Gold Debenture Bonds
outstanding at the date of last report was $3,068,000, maturing: November 1, 1900
$68,000 were bought by the Company
and canceled the remaining $3,000,000 Bonds have been
duly extended for fifteen years from November 1 1900, bearing interest at the rate of 4J^ per cent per annum, resulting
in a saving to the Company of $105,000 yearly. The extended Bonds retain all the advantages and conditions of
the terms of their original issue.
The success of the above operation emphasizes the
strength of the financial position held by the Company.
The physical condition of the properties continues to
improve. The sum of $326,087 38 has been spent during the
year in Repairs, Additions and Betterments and charged to
Operating Expenses, which may be considered an ample
equivalent for depreciation of properties during the same
;
This Account has been charged with the sum of $326,331 19 for additions to the properties, such as Real Estate,
Cotton Ginneries, Seed Houses and Scales, Warehouses,
Extensions to Crushing Mills, Refineries and Soap Plants.
The Account has been credited with sales of Inactive
Properties, Machinery, etc., amounting to $228,875 52.
The net result is an increase to Permanent Investment
Account of $97,455 67.
REPAIRS AND MAINTENANCE OF PROPERTIES.
The properties have been maintained during the past year
by the expenditure of $326,087 38, which has been charged
to Operating Expenses for the same period.
All the properties, the stocks of raw material and finished
products are fully insured.
Our plants in Texas suffered more or less from the recent
hurricane, but in every instance the loss was covered by
cyclone insurance.
WORKING CAPITAL.
The Working Capital and Surplus of the Company on
August 31, 1900, was $4,828,571 49, of which $885,019 47 was
Cash in Banks and $3,943,552 02 was Bills and Accounts Receivable, Marketable Products and Supplies.
CAPITAL, LIABILITIES AND ASSETS AUGUST 31, 1900.
:
Common
Stock
Preferred Stock
$20,237,100 00
10,198,600 00
Total Share Capital
Debenture Bonds
$30,435,700 00
3,000,000 00
Current Liabilities
$33,435,700 00
:
Payable
Commercial Accounts
Interest accrued upon Debenture
Bonds one month to August 31
Preferred Stook Semi-Annual Dividend No. 18, payable Deo. 1, 1900..
Bills
Common
None.
$562,324 71
11,706 67
305,958 00
Stook Dividend, payable
December
1,
1900
708,298 50
1,588,287 88
Total
$35,023,937 88
Assets
Real Estafe, Buildings, Machinery,
etc., based on the valuation Aug. 31,
1892, with subsequent additions...
:
CashinBauks
Bills and Accounts Receivable
Marketable Products, Raw Materials
and Supplies on hand available in
the business
Quick Assets
Total property and assets
Balance, representing good-will, contracts, leases, trademarks, patents,
processes, brands and kindred assets of an established business
Total
,
period.
INSURANCE.
Capital
;
$11,533,004 10
$885,019 47
1,846,564 44
3,685,275 46
6,416,859 37
$17,949,863 47
17,074,124 41
$35,023,987 88
During the past year the Company had to deal with
diminished receipts of seed, resulting from the smaller Cotton Crop, the consequence of which was a higher range in
values of all products.
Notwithstanding these conditions the volume of business
done by your Company has almost equaled that of the preceding year, when the Cotton Crop was the largest of record and low prices prevailed.
The total production of Cotton Seed is limited by the size
of the Cotton Crop, and can be yearly estimated. From the
nature of the article there can be no accumulation of Cotton Seed from one season to another, and the output is disposed of each year.
The growing demand for Cotton-Seed Products is marked
by the extension of territory in which they are used and by
the steady increase in the number of consumers, both foreign and domestic. The export business of the Company
continues to develop, and the wider trade relations which
have been established since the date of last Report justify
the expectation of further improvement.
Owing to the superior quality of products and sufficient
capital to carry stocks large enough to supply promptly at
all seasons of the year the wants of consumers, no purchaser
can ignore the prominent position that your Company occupies in the trade.
In addition to crushing Cotton Seed and refining oil, the
Company is a large manufacturer of Proprietary Articles.
This branch of the business had to deal with somewhat unusual conditions during the year. The price of finished
goods did not keep pace with the advance in the cost of raw
material. In other words, raw material led instead of following the advance. During the month of March the entire
country encountered a depression of business which continued throughout the summer, and could only be accounted
for by the apprehension of over-production, a condition
aptly termed the "indigestion of prosperity." The natural
result was a temporary fall in values.
The experience of your Company, however, was not singular in this regard, as conditions referred to applied to
nearly all industrial companies.
A comprehensive display of the Company's manufactures, consisting of Crude and Refined Oils, Cotton Seed
Cake, Meal, Hulls, Linters, Soaps, etc., was made at the
Paris Exposition of 1900.
THE CHRONICLE.
102u
fitting recognition of excellence
possible award, viz.: the Grand Prix
The exhibit obtained a
the highest
d'Honneur.
Concerning the prospects for the season of 1900-1901, our
reports indicate a cotton crop exceeding that of the year
just closed. For various reasons the price of seed opened
high, but as the season advanced more normal conditions
in
asserted themselves.
Since the period covered by this Report, the business of
the Company has been done on a satisfactory basis, and
the stocks of merchandise carried over at the end of the
fiscal year have been profitably marketed.
[\ol» LXil,
It is with regret that the Board announces the death during the year of one of its members. Mr. James A. Garland,
who became a director in 1892 and took an active interest
in the Company's affairs.
His genial presence and wise
counsel are much massed by his associates.
The loyal and efficient co-operation of the officials and
employee of the Company is recognized as having much to
do with the satisfactory result for the year.
For the Board of Directors,
GEORGE
A.
MORRISON,
Chairman.
UNITED FRUIT COMPANY.
FIRST
To
ANNUAL REPORT—FOR THE FISCAL YEAR ENDED AUGUST
the St yck'iolders United Fruit
Company.
This being the first annual report of your Company, and
as its operations and requirements are not familiar to many
of the stockholders, I therefore submit the following explanations regarding items in the balance sheet and a statement of a few facts relating to past conditions, prospects for
the future and the general policy of the management.
A8SETS.
of plantations, houses, buildings, fruit and cane
cultivations comprises a very careful selection of properties
by men of experience, who have demonstrated their ability
by marked success in the production of fruit, covering a
series of years, and who continue in the foreign management of the Company. The schedule on next page gives in
detail the acreage and location of these properties.
The locations are such as have been proven to contribute
a maximum of productiveness and economy in operation,
and are sufficiently separated to ensure the business of
your Company against serious interruption by any one or
more local climatic disturbances. It would require very
large means and many years of skilful selection to duplicate a larger part of the plant, and in fact it would be
utterly impossible to really duplicate it, as the best lands
have been talren up already. The former owners of these
properties are now largely interested in your Company, and
are acting as managers in our several tropical divisions.
The item
FRUIT CULTIVATIONS.
The
table showing these will be readily understood, with
the exception, possibly, of cultivated grasses in Costa Rica,
which require but little attention after planting, and are
used standing to fatten beeves for the market.
The statements of lands owned and leased will give you
correct information as to their location and extent. I would
remark, however, that but a very small percentage of unimproved land is unproductive land.
LIVE STOCK.
In addition to cattle required for conducting farming
operations, large numbers are fattened in Costa Rica for
local and Cuban markets. The uplands in that country are
particularly adapted to the fattening of beeves and this
forms a very profitable adjunct to our business. The reputation of Costa Rican cattle in the Havana markets is without
a rival.
RAILWAYS.
The nature
of our business makes a properly equipped
railroad of the greatest importance, as the prompt and
efficient handling of fruit from plantations to the main
line and by main line to side of steamer is essential. Arrangements have been completed since the close of the
fiscal year whereby a net saving in Costa Rice of not less
than $100,000 per year in railroad freights will be made,
and at a limit of fifteen years some sixty-two miles standardgauge road fully equipped for our business reverts to this
Company without
additional cost.
railroads in Cuba perform the double service of delivering cane from the plantations to the mill, which is
located within a few hundred feet of the wharves, and delivering cargoes of fruit to steamer's side.
The
All lines are
TELEPHONES.
owned by the Company, and by being
explantations and shipping
points, all subordinates are placed in direct communication
with the manager. Metallic circuit lines are used
The
greatest distance covered in a direct line is from Port Limon
to San Jose, Costa Rica, 103 miles.
tended from headquarters to
all
MERCHANDISE.
This item represents values that it is necessary to carry in
our foreign divisions in order to supply the large number of
employes with provisions, etc., at moderate prices. Commissary stores are located at convenient points and serve to
protect the laborer from extortion in the purchase of subsistence. It serves also to furnish freight for both ships
and
railroad.
8UvJAR MILL-CONSTRUCTION AND EQUIPMENT.
This item represents the amount paid to the close of the
fiscal year on this account.
It is expected the mill will be
fully constructed, equipped and operating not later than
January 15, 1901.
Approximately seven thousand eight
31,
1900.
cane of superior quality will be in condiThe mill will have a capacity for grinding fifteen hundred tons of cane per day, and is considered
by experts to be one of the best equipped and most efficient
mills in Cuba.
CURRENT ASSETS.
In connection with these items, an explanation as to the
methods employed in the distribution of our products which
create a large portion of these items would appear in order.
The markets in the United States and Canada, except within
a certain radius of Boston, New York, Philadelphia, Baltimore, Mobile and New Orleans, are operated by the Fruit
Dispatch Company (owned by your Company) who are represented by a competent Branch House staff in each large city.
Efficient messengers from our organized messenger corps
attend each train-load of fruit to the interior and deliver it
in the best condition possible at its destination. This is
facilitated in the Southern Division by the service of a
hundred acres
of
tion for treatment.
,
Warm House
at Cairo, Illinois, the largest diverting point
for that Division. This house holds eighty cars on track.
This method of distribution of fruit and the collection
of rising $5,500,000 for such fruit has entailed an expense
to the Fruit Dispatch Company of less than one-half of
what was formerly paid for the single item of Commissions,
on the above sum has
made by the Domestic
been
%
Managers at s^ aboard points are collected within ten days.
The combined losses covered by bad accounts in these
Divisions are also represented by a small fraction of \%.
loss by
less than
and the
poor accounts,
etc.,
The
sales
of 1*.
ADVANCE PAYMENTS,
ETC.
It is the custom to pay for hire of ships semi-monthly in
advance. Coal, for all ships, is a very considerable item,
and in the case of our own and ships chartered under the
"net form," provisions and supplies must also be furnished.
STOCK OF OTHER COMPANIES
Includes the entire stock of the Belize Royal Mail & Central American Steamship Company, which was organized by
your Board as a matter of convenience, and represents the
shipping purchased by the Company, and includes a fleet of
ten steamers, one being used for coastal service on the Central American Coast; the others are foreign freight and
passenger ships, which service requires ships of from 1,000
to 1,600 tons. We have also included in this item stocks of
various companies, including the Fruit Dispatch Company,
which it seemed wise to operate as companies instead of
departments.
TRANSPORTATION -MARINE.
In addition to the ships owned indirectly by the Company ^
it is necessary, in order to move north our product (aggregating approximately 400,000 tons yearly) to charter (or
lease), for periods ranging from three months to five years,
approximately fifty steamers. Those on long charters are
especially constructed to meet our requirements, and among
them can be found new twin-screw American ships of
superior model and speed, equipped with every modern appointment for the comfort and safety of passengers. The
matter of transportation by sea is a vital link in the busi
During the busy season, from twenty-five to thirty
ness.
steamers each week arrive at United States ports with fruits
from our foreign divisions. This necessitates a nearly perfect schedule and rigorous discipline. The advisability of
owning and controlling, for a term of years, a portion of the
fleet is apparent when considering the absolute control necessary in carrying oat our contracts for mail service with this
and other governments.
LIABILITIES.
on stock subscriptions is self-expayments
Advance
planatory, and stock covering the full subscription will be
issued in December. No further issue of stock or securities is
contemplated or required.
B03TON FRUIT
CO. BONDS.
year there has been $30,000 of
Duriog the current
canceled.
Under the terms of the
and
paid
bonds
these
mortgage a corresponding amount of bonds will be retired
fiscal
each
\
ear.
CURRENT
LIABILITIES.
Drafts and acceptances represent sight drafts drawn on
the Treasurer by our foreign divisions for cargoes of fruit
shipped various domestic ports.
...
:
November
THE CHRONICLE.
17, 1900. J
Coupon Notes, $1,750,000, maturing Oct. 1st, were paid on
that date from funds on hand. The balance, $1,750,000,
will mature Oct. 1st, 1901, and will be retired at maturity
in like
manner.
ACCOUNTS PAYABLE.
This account represents the audited vouchers and accounts payable arising from the current operations of both
foreign and domestic divisions, which have since been liquidated in the regular course of business. It is the practice
of the Company to transact its business on a strictly cath
basis', securing the benefits arising therefrom.
INCOME ACCOUNT, SURPLUS.
This statement, which represents the net income, after
treatment for depreciation, to the close of tbe present
fiscal year, is satisfactory to your board.
The past year has
not been without its drawbacks; in fact, the most experienced members of your board cannot recall as numerous
combinations of disadvantages as ever before occurring in
one season. The present season opened with the first hurricane for twelve years in Jamaica, which was experienced
later to a great extent at San Domingo. This, coupled with
a very unusual drought in Cuba, and the quarantine scare
at Mobile and New Orleans during the unprecedented hot
weather of July and August throughout the country,
rendered the business of the latter month, for the first time
in years, non-productive of profits.
Arrangements are now nearly perfected with the hospital
service at Washington that promise to eliminate all unnecessary formalities and consequent losses on account of
sanitary conditions. Our foreign divisions have been almost entirely free from yellow fever or other contagious
diseases, and under our efficient sanitary department, established the past year, continued improvement is assured.
anticipated by your board
All fire risks on buildings
merchandise are carried by reliable companies.
.
IN GENERAL.
Your board have every reason to
feel perfectly satisfied
savings in operations.
Great credit is due the employes for their enthusiasm
and close attention to the interests of the Company during
the year. They are constantly adding their names to the
stockholders' list as their means will allow, thus indicating
their interest and belief in the Company.
Respectfully submitted.
ANDREW W.
PRESTON,
President.
Boston, November
9, 1900.
LANDS OWNED AND LEASED BY THE COMPANY AUG.
31, 1900.
LANDS OWNED.
—Acreage
Improved.
18,slO
17,183
Location—
Ci'staRloa
Cuba..
Honduras
Jamaica
San Domingo
Republic of Colombia
Total.
Unimproved.
70,382
43,147
Total.
89,192
€0,330
500
300
8,235
3.500
13.035
20.802
16,500
800
29,037
20,000
13,035
61,263
151,131
212,394
LANDS LEASED.
—Acreage
Total
Total Aoreage, Lands
Unimproved.
Total.
4,031
18,776
1,000
22,807
5,031
18,776
23,807
66,294
169,907
236,201
Improved.
1,000
Location—
Costa Rtoa
Jamaica
Owned and
Leased
This represents the absorption by the Company, under the
aboye title, of the marine risk on ships owned indirectly by
the Company and on cargoes of fruit carried by all ships in
our employ. The efficient management by our steamship
department, coupled with the competent preparation and
loading of fruit by the managers of our foreign divisions,
warrants your board in carrying this risk, thus making a
large saving in the expense item. The same impartial conditions and methods of adjustment govern in case of claims
as would apply if the risk were carried by marine insurance
companies, and the results, as shown by the statement, were
and
with the prospects for the ensuing year. They expect better
general conditions and look forward to a number of large
liberal
INSURANCE FUND.
1021
ACREAGE OF THE COMPANY'S FRUIT, SUGARCANE AND
MISCELLANEOUS CULTIVATIONS AUG.
31, 1900.
Acres„ 307
2,458
Acres.
Bananas
38,463
Oranges
Pineapples
Sugarcane
Cocoanuts
Co flee
Cocoa
v
315
17
7,803
1,842
58
Rubber
Para Grass
Guinea Grass
3
'
,7,
12
11,347
Vegetables
Pastures, etc
66,294
Total...
255
[Balance Sheet and Income Account will be found on
page
1011].
THE CHICAGO & ALTON RAILWAY COMPANY
LISTING OF
NEW
New York,
SECURITIES ON
October
24, 1900.
The Chicago & Alton Railway Company respectfully apto have the following-described bonds and stocks
issued by it placed on the regular list of the New York
Stock Exchange, viz.:
plies
$22,000,000 of Its Three and One-Half per Cent First Lien Fifty- Year
Gold Coupon Uonds, being 22,000 bonds for $1 / 00 each,
numbered from I to 22.000 inclusive, and Registered
Bonds of tbe denominations of $1,000, $5,000 and $10,000 each, into -which the Coupon Bonds may be converted.
$19,544,000 of Four per Cent Non-Cumulative Preferred Stook, being
195,440 shares of the par value of $100 eaoh.
$19,542,800 of Common Stock, being 195,428 shares of the par value
of
$100 each.
The Chicago
in April, 1900,
&
Alton Railway Company was incorporated
under Articles of Incorporation filed in the
the Secretary of State of Illinois. Six copies of the
Articles of Incorporation are filed herewith.
The Chicago
Alton Railway Company owns and operates the line of railroad between Springfield, Illinois, and
Grove, a town near Peoria, Illinois, a distance of 57'43 miles,
being a portion of the railroad formerly owned by the St.
office of
&
& Northern Railway Company.
The Mortgage, wtich had been executed by the St. Louis
Peoria & Northern Railway Company, dated May 1, 1896,
and the Supplemental Mortgages, were foreclosed in the
United States Circuit Court, and the Decrees of Foreclosure, dated January 30, 1900, provided that the property
should be sold in parcels or portions. The property was sold
at foreclosure sale on the 15th day of March, 1900. The
portion of the road north of Springfield was subsequently
acquired by The Chicago & Alton Railway Company, as
above explained, which dow owns the same free from encumbrances and subject only to tbe First Lien Mortgage of
the Railway Company above mentioned.
The Chicago & Alton Railway Company further operates
Louis Peoria
the railroad lines of the Chicago & Alton
Railroad Company, and owns 34,722 shares of tbe Seven per
Cent Preferred Stock and 183,224 shares of the Common
Stock of the Chicago & Alton Railroad Company (out of a
total outstanding stock capital of 34,795 shares of p ef erred
and 187,511 shares of common stock), which have been deposited with the Trustees above mentioned under the First
Lien Mortgage as part security therefor.
The total mileage of the Chicago & Alton Railway Company, including lines owned and leased is 900-97 miles, con-
under lease
all
stituted as follows:
NEW YORK STOCK EXCHANGE.
Miles. Miles.
Line of railroad between Springfield and Grove, owned
57'43
in fee by The Chicago & Alton Railway Co
Lines owned in fee by The Chicago & Alton Railroad Company and leased to the Chicago & Alton Railway Co
243-FO
From Joliet, Illirols, to East St. Louis, Illinois
From Roodhouse, Illinois, to center Mississippi River 37 20
24-48
From Joliet, Illinois, to Ma zon River
From Dwight, Illinois, to Washington and Lr con ... 79 75
From Bloomington, Illinois, via Roodhouse, to War158 00
ren and Godfrey
:
'
«id9-Q<i
Llres leased to Tbe Chicago & Alton Railroad Company
and by that Company to The Chicago & Alton Railway
Company
&
Joliet
Chicago Railroad Company,
to Joliet. Illinois (in perpetuity)
from Chicago
-
3720
Louisiana & Missouri River Railroad company, from
center Mississippi River at Louisiana, Missouri, to
101*59
Cedar City, Missouri (1,000 jears)
Kansas City St. Louis & Chicago Railroad Company,
from Mexico, Missouri, to Kansas City, Missouri
(in
perpetuity)
30061
900-97
Total
The foregoing properties of The Chicago & Alton Railroad
Company, including leaseholds, are all covered by the
Lease from The Chicago & Alton Railroad Company to The
Chicago & Alton Railway Company. This Lease is dated
April 3, 1900, and is for' a term of ninety- nine years from
April 3, 1900, and it provides for a rental to be paid by the
Lessee to the Lessor of an amount equal to the net earnings
of the Chicago & Alton Railrraa lines, alter payment therefrom of all fixed charges, taxes, etc. Six copies of the
Lease are filed herewith.
THREE AND ONE-HALF PER CENT FIRST LIEN FIFTY-YEAR
GOLD BONDS.
These bonds are issued under and secured by a Mortgage
1900, executed by the
and Deed of Trust dated April
Railway Ccmoany to The Farmers' Loan & Trust Company,
as Trustee. The Coupon Bonds are dated as of April 1, 1900,
and mature on July 1, 1950, and the principal and interest
1 .
of the bonds are payable in the City of New York, in gold
coin of the United States of the present standard of weight
and fineness. The interest is payable on January first and
July first. Both the principal and interest of the bonds are
payable without any deduction for any tax or taxes of the
United States or of any State, county or municipality
therein which the Company may be required to pay or reThe tonds
tain therefrom under any present or future law.
:
THE CHRONICLE.
1022
are in coupon form of $1,000 each, with power of registration as to principal, and the Mortgage provides that they
may be converted into full Registered Bonds of the denomination of $1,000 and such multiples of $1,000 as the Hoard
of Directors may from time to tim9 authorize. The Board
has authorized the denominations of Registered Bonds to be
The Registered Bonds
$1,000, $5,000 and $10,000, as above.
are re- convertible into Coupon Bonds. 1 he bonds are redeemable at par and accrued interest on any interest day upon
six months' notice of such redemption being given.
The Mortgage securing these bonds covers, as a first lien,
the line of 57*43 miles of railway owned by the Company as
above described, its equipment and all other property. The
Alton Railway Company also procharter of the Chicago
vides for new construction from a point on the railroad
of The Chicago
Alton Railroad Company between Murrayville and Woodson, Illinois, to a point in or near Springfield. Illinois.
This line has been surveyed, but has not
yet been constructed.
By advice of Counsel it was included in the description so as to fasten the lien of the
Mortgage thereon as soon as constructed.
As additional security for the Prior Lien Bonds, the above-
&
&
mentioned Lease from The Chicago & Alton Railroad Company is specifically assigned and conveyed by the Mortgage,
which has been duly recorded in all the counties through
which the leased lines run.
There have been further deposited with the Trustee and
pledged under the Mortgage the above-mentioned 34,722
shares of the Seven per Cent Preferred Stock and 183,224
shares of the Common Stock of The Chicago & Alton Railroad Company. Dividends of at least Seven per Cent per
annum have been paid on both the Common and Preferred
Stock of The Chicago & Alton Railroad Co for many years.
The Mortgage provides that the Railway Company, as
holder of the stock of the Railroid Company, will not give
its consent to the issue of any bonds under the Refunding
Mortgage of the Railroad Company in excess of the amount
now authorized, namely, $40,000,000, except when such additional issue is expressly authorized by a three- fourths vote
of the entire Board of Directors of the Raib oad Company
and approved by a three-fourths vote of the entire Board of
Directors of the Railway Company. The Mortgage further
provides for the case of ultimate consolidation or merger of
the Railway Company.
The total authorized issue of Three and One-Half per Cent
First Lien Fifty- Year Gold Bonds is $22,000,000, all of which
have been issued to fund indebtedness incurred in the acquisition of the above-mentioned line of railroad from Springfield to Grove, and the shares of the Capital Stock of The
Chic. & Alton Railroad Co. deposited thereunder, as follows:
The proceeds of $5,000,000 face value of said bonds were
used and applied in payment for said railroad, formerly of
the St. Louis Peoria & Northern Railway Company, and the
proceeds of the remainder of said bonds were used and applied in part payment for shares of the Capital Stock of The
Chicago & Alton Railroad Company.
The
total
&
Chicago
.
CAPITAL STOCK.
authorized amount of the Preferred Stock
Alton Railway Company
is
of The
$20,000,000, divided
into 200,000 shares of the par vahie of $100 each. Of these
shares 195,410 have been issued and sold. The remaining
shares, viz., 4,560 shares of Preferred Stock, are unissued.
The rights of the holders of the Preferred Stock are set
forth in the Company's Articles of Incorporation as follows:
"The holders of Preferred Stock shall be entitled to a yearly pre*
ferred non-oumulatlve dividend of Four Per Cent, payable semi-an-
nually, if declared by the Board of Directors, before any dividend
shall be set apart or paid on the Common Stock. The balance of the
net profits of the Company appropriated in any year to dividends
shall, after the payment of the said Pour Per Cent non-cumulative
dividends on the Preferred Stock, be distributable among the holders
of Common Stock. In esse of liquidation or dissolui ion of the Company, The holders of Preferred Stock shall be entitle'! to be paid infoll
the par value of their shares before any amount is paid to the holders
of Common Stock but after the payment, on any such liquidation or
dissolution, to the holders of the Preferred Stock of its par value, the
remaining assets and funds shall be divided pro rata among the holders of Common Stock."
;
The total authorized amount of the Common Stock is
$20,000,000, divided into 200,000 shares of the par value of
$100 each, of which 195,428 shares have been issued and sold.
The remaining shares, viz., 4,572 shares of
Stock,
Common
are unissued.
Of the Preferred Stock, 550 shares were issued for cash,
and all of toe remaining out-tanding Capital Stock, viz.,
194,890 shares of Preferred and 195,428 shares of Common
Stock, were used to acquire and in part pay for shares of the
Capital Stock of The Chicago & Alton Railroad Company.
EARNINGS.
of the Railway Company will be derived from
the earnings of the road owned in fee and from dividends
which may be declared upon the shares of the Preferred and
Alton Railroad Company.
Common Stock of The Chicago
As the Railway Company has been in existence less than
Alton Rail road for
one year, the earnings of the Chicago
the years ending December 31, 1897, December 31, 1898, and
December 31, 1899, are given, viz
Tear ending
Tear ending Tear ending
The income
&
&
:
Gross ear. ings
Operating
expenses
taxes
Net earnings
Other income
Total net income
Interest on bonds
Net rentals
Dividends paid....
ASSETS.
$61,106,850 35
:
Advances for improvements and betterments
$1,992,746 09
Other advances under Lease
122,257 75
Material and supplies
,
.
2.115/03 84
895,811 19
Dec. 31, '97.
Dec. 31, '9a.
Dec. 31, '99.
$6,673,605
$6,286,569
$7,155,961
3, 869,797
$2,416,772
36,292
4,471,267
$2,634,694
57,317
and
4,153,677
$2,&19,»*8
23,483
$2,742,011
$2,543,411
$2,453,064
$609,829
$604,135
$594,288
233,030
229,776
210,250
(7Wo) 1,611,719 (7%)1,556.142 (7%)1,556,142
Total charges and divid'ds. $2,445. 630
Surplus for year
$97,781
Bonds redeemed (including
Sinking
small
amount
Fund), amounts charged
off for additional property
65,958
purchased, etc
Balance
sur.
$2,360,680
$92,384
$2,399,001
292,508
"118,667
off.
year has been changed to end June 30, and
earnings for year ending June 30, 1900, are therefore sub-
The
fiscal
mitted.
STATEMENT FOR PRESENT YEAR.
Gross earnings of lines of Railroad
ending June 30, 1900)
Company
(12
months,
$7,796,449
4.831,822
$2,964,627
Expenses (including taxes)
Net earnings
The annual fixed charges of the Railroad Company at this time are as follows:
& Alton RR. Company Three per Cent Refunding Mortgage Bonds. $959, 640
Annual net rentals
233,000
Interest on $31,988,OOOChicago
1.I92.64Q
Leaving as applicable to dividends on stock of Railroad
Company
$1,771,987
floating
&
Alton
Railway
Company
has
no
Chicago
The
debt and no obligations other than the bonds above mentioned. The Balance Sheet of the Raihoay Company as of
June 30, 1900, is as follows:
30, 1900.
Liabilities.
Preferred Stock (authorized ($20,000,000)
Common Stoctr (authorized $20,000,000)
Funded Debt :
First Lien Three and One-Half per Cent Bonds
Chicago & Alton Railroad Company :
Net assets taken over
$19,544,000 00
19,54^,800 00
22,000,000 00
1,435,473 66
643,425 51
Current account
General Assets:
$633,821 69
Cash
United States Government
United States Express Co
Station agents and conductors
Fast freight lines
Foreign railroad companies
Accounts in transit
73,8645
General Liabilities
Audited vouchers and aocounts
00
48,663 00
Unpaid wages
3,54<
!
Foreign railroad companies
2,783 98
289,515 78
$343,010
$31,823 def. $200,124 sur. $224,343
'Includesjold traffio balance charged
BALANCE SHEET JUNE
Property and investment account
Chicago <& Alton Railroad Company
[Vol. LXXI.
$1,497,290 62
342,351 '26
122,238 84
Income account (surplus)
1,961,880 72
48,117 51
5,81112
1,058,032 02
40
$65,175,697 40
Board of Directors.— The Board of Directors of the
& Alton Railway Company is constituted as
States Trust Company of New York is Registrar of the Preferred and Common Stock of the Company.
Respectfully,
$65,175,fif-7
Chicago
follows: E. H. Harriman, S. M. Felton, James Stillman,
George J. Gould, Mortimer L. Schiff J. W. Doane. N. B.
Ream, J. J. Mitchell, C. H.Chappell, B.Winston and R. Brand.
The Executive Committee of the Board of Directors is as
follows E. H. Harriman, James Stillman, George J. Gould,
J. W. Doane and Mortimer L. Schiff.
Officers.— Chairman of the Executive Committee, E.
Harriman, New York; President, S. M. Felton, Chicago;
Vice-President, W. D. Cornish, New York Secretary, Alex.
Millar, New York
Treasurer, F. V. S. Crosby, New York.
The Company has an agency at No. 120 Broadway, in the
City of New York, where its stock is transferred and its
bonds are registered and coupons payable.
The United
,
:
H
;
;
THE CHICAGO & ALTON R AIL WAY COMPANY.
By W.
D. Cornish, Vice President.
Lists recommended that the
above- described §22,000.000 Three and One-Half per Cent
First Lien Fifty- Year Gold Coupon Bonds of 1950, $l'.i,544.000
Four per Cent Non-Cumulative Preferred Stock, and $19,542,800 Common Stock be admitted to the list. The bonds
are in coupon form, of the denomination of SLO'M) each.
numbered from 1 to 22,000 inclusive. They may be converted into Registered Bonds and re-converted into Coupon
The Committee on Stock
Bonds.
Adopted by Governing Committee Nov.
14. 1900.
•
—
—
November
—
—
THE CHRONICLE.
17, 1900.1
Pratt & Whitney Co.— Incorporated.— This company was
incorporated in New Jersey, Nov. 12. with $2,750,000 capital
stock, as successor of the Pratt & Whitney Co. of Connecticut. The Niles-BementPond Co. will control the new company and guarantee dividends at the rate of 6 per cent p<-r
annum on the $1,225,000 of preferred stock, per plan in V.
71, p. 139. At a meeting on Wednesday the plan was formally
ratified by the stockholders of the old Pratt & Whitney Co.,
who, it is stated, had previously given unanimous assent.
The guaranty of dividends is as follows
The second party shall and will, in consideration of the sale to it of said
common stock, enter into a contract of guaranty * * » that if upon any
quarterly dividend day of the said proposed Pratt & Whitney Co. its earninas
:
applicaole under its charter to dividends shall be insufficient to pav its preferred dividends then due and accumula ed, then that it, tde second party,
shall and Will pay to the proposed Pratt * Whitney Co. sucn amount of monev
as, with the said earnings, if any, oi the latter, will enable it to pay ts said
preferred dividends then due and accumulated, provided that the earnings of
the said second party applicable under its charter to dividends shall at such
times have be<-n sufficient to' enable it to pav all dividends then due and
accumu ated upon its preferred stock.— V. 71, p. 393, 185.
folStuck Quotation Telegraph (Jo. Called Bonds
—The
lowing mortgage bonds of 1888, viz. Noa. 45, 59, 160, 172, 177,
200, 203, 206. 280, 335. have been drawn and will be paid at
par at the Central Trust Co., New York, on Feb. 1, 1901.
:
V. 70, p. 86.
—
Sale
Suburban Electric (Light) Co. of Covington.
Again Postponed.—The bankruptcy sale was again postponed
on Nov. 10, ior thirty days in order to give the trustee,
Charles H. Shaw, time to perfect plans for the reorganization
of the company.—V. 71, p. 713, 290.
Tyrone (Pa.) Gas & Water Co.— Purchase.— The borough
of Tyrone it is stated has voted to issue $100,000 bonds for
1023
COMMERCIAL EPITOME.
Friday Night, Nov. 16, 1900.
Advices received from practically all sections of the
country have noted a steady increase in business activity the
past week. Manufacturers who had been working their
factories and mills on short time, pending the result of the
Salesmen are
election, are resuming work on full time.
the
on
road,
and
their
rtturns show that
quite generally
the trade has, as a rule, renewed confidence in the
future prospects for business, orders being: pretty freely
Prospective building of new mills and increasbooked.
ing the capacity of existing plants have been reported
in some lines and this is looked upon as further evidence of the
confidence existing in the outlook for continued business
Another factor that has been favorable to trade
prosperity.
has been the prevalence of seasonable weather conditions.
The question of reducing the existing war taxes is beginning
to receive considerable attention.
The belief appears to be
general that changes will be made, especially in the stamp
taxes, at the next meeting of Congress.
Lard on the spot has had only a limited sale, demand from
both exporters and refiners being light prices have advanced on light offerings, closing at 7-60@7-65c. for prime
Western and 7-15c. for prime City. Refined lard has been
firmer, but business has been quiet, closiog at 7*75c. for refined for the Continent. Speculation ia lard for future delivery at the Western market has been moderately active
and prices have advanced on the light receipts of swine. The
;
the purchase of the company's plant.
Westchester Lighting Co. Incorporated. This company
was incorporated on Nov. 6 with $2,500,000 of stock, of which
close was firm.
$500,000 is 5 p. c. preferred (cumulative after Jan. 1, 1904), to
DAILT CLOSING PRICES OF LAED FUTURE8.
supply gas and electricity in the city of New York, the cities
Sat.
Mon. Tues.
Wed. Thurt.
Fri.
of Yonkers, New Rochelle and Mount Vernon, and the towns
7-50
7-55
7*50
7-65
745
January
765
of
Westchester
The
par
value
and villages of
County, etc.
Pork has had a better sale and prices have ruled firm, closing
shares is $100. The directors are
Charles W. Squires, Charles H. Werner. Riohard F. MoKlniry, Nathan at $12 25@13 for old mess, $13 50@ 13 75 for new mess, $15 75@
D. Daboll, M. J. Warner, and Reginald H. Giles of New York City, and 16 00 for family and $14 50@17 00 for short clear. Cut meats
Louis B. Giant, Charles M. Heminway and Harry A. Kenworthy of have had a limited sale at steady prices, closirjg at 6}^c. for
Brooklyn.
pickled shoulders, 8%@9%c. for pickled hams and 9(a9%c.
Wneeling (West Va.) Iron & Steel Co.— Steel Pipe Works for pickled bellies, 14@10 lbs. average. Beef has been firm
The company has let contracts for the erection and equip- but quiet, closing at $9 for mess, $lu 50 for packet, $11 50@12
ment of a wrought steel pipe plant at Benwood, W. Va, The for family and $14 25@16 50 for extra India
Q ss in tierces.
cost, it is said, will be $500,000.
Tallow has been firmer, closing at 4%<a4Jgc. Stearines have
Youngstown Gas & Electric Light Co. Consolidation.— been firmer and oleo has been in better demand, closing at
See " Sbaron Youngstown," under RRs.—V. 71, p. 767, 516.
834@8J^c. for lard stearine and 6%@7c. for oleo stearine.
Cotton seed oil has had a fair sale and prices have advanced
for prime yellow.
Butter has been in light supMoody's Manual of Industrial and Miscellaneous Securi- to 333^@34c.
ply for desirable grades and prices have advanced to 18@27c.
ties is the title of a volume of 1,100 pages, just issued by The
for creamery. Cheese has been quiet but steady at 9%@llc.
O. C. Lewis Company, 6 Wall Street, New York. The boak
embraces statements of about 1,800 distinct corporations, cov- tor State factory, lull cream. Fresh eggs have been in small
supply and prices have advanced, closing at 27c. for choice
ering not only the leadiDg industrial and miscellaneous securiWestern.
ties known to the New York market, but also those dealt in
Brazil grades of coffee have been dull and lower. The
in other important American cities, such as Boston, Philadelphia, Chicago and Pittsburg.
The last section of the trade generally has been a slow buyer and under free offerbook is given up to a series of articles or reviews on the ings prices have declined, closing flat at 7%c. for Rio No. 7.
Corporation Laws of New Jersey, Delaware and West Vir- West India growths have 3 had only a small sale but prices
have held about steady, at 9 4@10c. for good Cucuta. East
ginia. The article on the New Jersey law is by Jno. S.
India growths have been quiet and unchanged. Speculation
Parker, of the law firm of Dill, Bomeisher & Baldwin; that
on the Delaware law was written by J. Ernest Smith, of the in the market for contracts has been fairly active but at
Delaware Bar, while the West Virginia article is from the lower prices; a continued large crop movement and favorpen of A. Parker Nevin, counsel of the Lawyers' Incorpora able crop news have prompted liquidation. The close was
asy.
The following were the final asking prices
tion Co., New York City. Toe book is 6s9^ inches in size, e
Nov
6-50o. Feb
6-«5o. June
6 90o.
and is bound in red cloth. Price $5 00 per copy. The edi- Deo
6?5o March
6-75o. July
6-90c.
tor, Mr. John Moody, was for many years statistician of the Jan
6 60o May
6-85o. Sept.
695c.
banking house of Spencer Trask & Co., New York.
Raw sugars have been firm but quiet. Offerings have been
Messrs. John L. Williams & Sons, Richmond, invite the light. Refiners are buyers at 4%c. for centrifugals, 96-deg.
attention of investors to the 8 per-cent preferred stock of the test, and 3^c. for muscovado, 89-deg. test. Refined sugar
Virginia-Carolina Chemical Co. The company owns forty- has been iu better demand and steady at 5-60C. for granuone factories for the manufacture of fertilizers; also pyrire lated. Other groceries have been unchanged.
and sulphur mines, phosphate lands, cotton-seed oil mills,
Kentucky tobacco has had a moderate sale at unchanged
and other properties. See particulars in advertisement prices. Seed leaf tobacco has been in fairly active demand
The same house offers for sale State of Virginia 3-per-cent at fairly full values. Sales for the week were 3,400 cases,
century bonds
as follows
1,000 cases 1899 crop. Pennsylvania seed leaf,
600 cases 1899 crop. Zimmers, 15@153^c; 100
Detroit Rochester Romeo & Lake Orion Railway Co., 12@12^c
Detroit, Mich., five percent first mortgage sinking fund gold cases 1898 crop. Zimmers, 14c; 1,325 cases 1899 crop, Wisconbonds are offered for sale at par and interest by C. H. White sin Havana, ll g!l5c.; 2,110 cases 1899 crop, G-ebharts, 13@
& Co., 71 Broadway, New York. The advertisement is on 13^c; 100 cases 1899 crop, New England Havana, 20@50c,
page vii. A map of the road will be found on page 36 of the ana 75 cases 1899 crop, New England seed, 23@35c; also 600
Street Railway Supplement. A special circular can be bales Havana at 35(a90o. in bond and 150 bales Sumatra at
—
:
—
m
—
:
-
|
I
—
:
—
;
v
had on application to the advertisers.
—Attention is called to the offering of $500,000 Swift & Co.
first mortgage 5 per cent bonds, advertised in another column. The bonds are part of an issue of $5,000,000, covering
the Swift & Co. plant, estimated to be worth over $11,000,000.
The net earnings exceed $2,000,000 per annum.
C. I. Hudson & Co. advertise to receive advance subscrip-
—
tions for the City of Cologne, Germany, new gold 4 per cent
public works bonds at 99J^. Details of debt, &c, are contained in the advertisement on page vii.
80c.@$160inbond.
Straits tin has bad a moderate sale and on steadier foreign
advices prices have improved to 28'75@29c,
closing
steady. Ingot copper has been in fair demand on contracts,
closing steady at 16^@l7c. for Lake. Lead has been quiet
and unchanged at 4-37^c. for dom-stic. Spelter has been
firm and higher, closing at 4-27^@4 32}£ for domestic. Pigiron has been in fairly good demand and firm at 13@16c. for
,
domestic.
Refined petroleum has been easier, closing at 7 -25c. in
bbls., 4"70c. in bulk and 8"55c. in cases. Naphtha unchanged
—Attention is called to the offering of $150,000 Chicago at 9 55c.
Crude certificates have been neglected. Credit
6 per cent improvement bonds by T. B. Potter, 172 Washing- balances have weakened to $1 05.
Spirits turpentine has
ton Street, Chicago. See advertisement in municipal de- been in moderate demand and firmer, closing at 44^@45c.
partment of the Chronicle.
R sins have been firm and prices have advanced to $1 60 for
On page viii. will be found a list of guaranteed stocks common and good strained. Wool has had only a limited
and high-grade investment bonds offered by Redmond, Kerr sale. Hops have continued to meet with a steady demand at
—
&Co.
firm prices.
——
. ..
.
—
.
«
. .
.
THE CHRONICLE.
1024
COTTON.
[Vol. LZSi.
In addition to above exports, our telegrams to-night also
five us the following amounts of ootton on shipboard, not
cleared, at the ports named.
add similar figures for
Hew York, which are prepared for our special use by Messrs.
Friday Night, November 1G, 1900.
We
The Movement op the (Jbop, as indicated by our telegr* ids
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building.
evening the total reoeipts have reached 278,572 bales,
against 295,732 bales last week and 300,450 bales thf previous
week, making the total reoeipts since the 1st of Sept., 1900,
2,794.987 bales, against 2,559,112 bales for the samt period of
1899 showing sn increase 'since Sept.l, 1900, of 190,875 bales.
this
Beeetptt at—
Tuet,
Moil.
Sat.
Thurt.
Wed..
11,064 25,001 20,346 12,592 19,293 17,118 105,414
1,006
1,006
Bab. Pass, &c.
New Orleans. . 10,889 12 495 14,801 13,917 17,250 9,245 78,597
353 1,224 1,139
114
40 1,724
4,594
Mobile
6,037
6,037
Pensaoola, Ac.
4,187 5,458 5,138 6,182 3,600 5,046 29,611
4,627
4,627
Bransw'k.&c.
9,269
Charleston....
1,363 1,083 1,775 1,394 2,364 1,290
31
971
1,366
902
1,385
1,677
1,927
1,739
2,370
3,863
854
2,790
1,316
4,827
791
201
927
50
386
2,891
2,005
1,010
4,296
31
8,228
29
19,932
4,827
351
8,010
4,296
24
50
334
204
1
100
713
Pt. Royal.&c.
Wilmington....
Wash'ton.&o.
Norfolk
N'p't
New
29
News, Ac
York
Boston.........
100
Baltimore
Pblladel'a,
«&«..
week 31,381 50,175 48,734 39,633 49,020 59,629 278,572
Tot. this
The following shows the weeft's total receipts,the total since
Sept.1,1900 and the stock to-night, compared with last yea*.
Since Sep.
1, 1900.
Thit
week.
Thit
week.
Since Sep.
1,
670,279 94,319
10,411
1,428
936,802 63,087
61,111
6,034
35,666
4,836
476,489 43,921
38.210
1,782
145,819 14,257
208
91
155,641 10,785
355
18
171,117 19,843
14,242
583
7.393
606
52,495
2,625
12,141
5,284
6,608
1,395
Galveston. 105,414
1,006
Sab. P., &c.
New Orleans 78.597
4.594
Mobile
6,0s 7
P'saoola, &c.
Savannah... 29,611
4,627
Br'wlok,4te
9,269
Oharleston.
31
P.Royal.&o.
8,228
Wilmington.
29
Wash'n, &o.
12.932
Norfolk
4,827
N'port N.,Ac
351
New York..
8,010
4,236
Baltimore .
713
Phlladel.&o
Stock.
1899.
1900.
Receipts to
Nov. 16.
1899
837,954
13,111
635,8 2
72,956
36,145
439,291
44,523
130,172
1899.
221,602
230,814
236,047
23,345
316,914
38,128
...
87,349
5,381
22,775
129,085
19,256
37,850
13,962
15,703
740
146,686
488
139,849
4,497
6,150
16,565
24,107
10,046
278,572 2,794,987 270 934 2,559,112
Totals
1900.
...
....
at—
39,383
6,999
42,425
28,000
7,638
4,263
103.716
26,000
19.492
6,960
737,053
983,302
1
106,420
78,597
4,594
Mobile
29,611
Savannah .
9,300
Obas'ton, Ac
8,257
Wilm'ton, &i
12,932
Norfolk
4,827
N. News, <fce
11 others... 24,034
Galves'n.&c.
New Orleans
Tot. this wk.
Slnoe Sept.
1
278,572
1896.
1897.
1898.
1899.
1900.
598
998
16,528
40,863
2,642
46,754
39,955
24,506
270.934
416.642
411,309
315,717
212,429
118.151
114,200
16,001
107,147
104,698
17,254
59,709
19,515
55 189
22,602
18,0
583
15,200
29,413
57,272
87.522
13,648
37,956
25,941
17,045
50,769
2794,987 2559,112 3 92,247 3345,778 3241,445 2261,017
=
The exports for the week ending this evening reach a total
of 157,681 bales, of which 84,318 were to Great Britain, 24,428
to France and 48,935 to the rest of the Continent. Beh
are the exports for the week and sinoe Sept. 1, 1900.
From Set 1. 1, 1900. to Nov. 16, 1900
Week JBndtnt JSov. 16. 1000.
Exported to—
OU.VU1 .m CO
Export*
w
from—
Greet!
BriVn.
Galveiton..
Bab. Pass, Ac.
28,226
New
22.608
Or lean*.
Mobile
Peuiaoola
Savannah
Branswlok
France
19,460
16,715
64.401
1.678
11,354
35.6
2.35U
2,350
5.201
5,201
16.081
19.681
2,864
2,851
Charleston...
Port Royal...
Wilmington..
Norfolk
N'port N., &c.
New
York....
Bolton
Baltimore....
Philadelphia.
Ban Fran., 4o.
Total
Total. 1890...
238,173
70,795
Continent.
Zot«i
98,639
407,607
6,547
635,212
6,547
3,500
...
Qreat
Conti- lotal
France
nent. Weik. Britain.
4,865
11.329
3,390
3,885
3S0.360 107,356
17,870
15,-31
3.300
8^,592 15,020
16,997
61,911
197,527
5,124
11,641
22,tt9t
30,772
312.919
216.337
6,656
37,611
23,668
09,122
66,680
£4.365
141,046
1,800
1,800
4,468
2912
7,878
52,296
180.047
600
26
600
25
3.990
12.216
11,329
116904
780
117,696
200
3,6b5
25.1P5
9,571
34," 06
500
1
501
67,312
10,410
6951
Orleans.
5,120
New York
82,456
"200
200
22,000
99 44,614 15,756 22,381 1P3.006
544,047
8,000
27,"
203 26,968
6.48S 100,718
1,000 16,1(0
lOo 10,520
2,000
2,000
14",50*6
14,500
0,556
3,000
ii",6bo
Total 1900..
stock.
Total.
209,079
120,784
71,249
12,255
21.345
22,867
42,?25
44,243
...
Other ports
Total 1899.. 52 075 29,972
Total 1898. 130 315 52,616
5
7«.0S1
97,015
' 92,469
32,755 190,8:-3
78,2^6 358 172
8-
6,640
Speculation in cotton for future delivery has been fairly
active and the tendency of prices has been towards a higher
basis.
The feature has been the crop news. Killing frost
occurred in Texas at the opening of the week this, with the
killing frosts that occurred in the ootton belt at the close of
last week, brought the yield of the present crop to an end.
The crop movement also has been a bullish factor, the receipts, particularly at the ports, not coming up to expectations.
Many believe that planters will hi Id thp cotton back,
and that the consequent l'ght crop movement will have a tendency to strengthen the belief in a small crop. Amei ican spinners have been reported as the principal buyers of the staple,
and thtir purchases do not as a rule ii fluence the movement to
the ports.
Continental buyers, it is s ated. have not been in
the market for several weeks and Liverpool has been reported
as only a very moderate buyer. During the latter part of the
week the near-by deliveries showed especial firmness, the
short interest apparently exhibiting some nervousness over
the slowness with which local stocks have increased
Today there was an unsettled market.
The opening was
steady, r fleeting firmer foreign advices. Subsequently it
became known that Mr. Ellison es'iuated the requirements
of American cotton ior the present season at 10,00u,0<iO bales;
this prompted moderate selling.
Oa light estimated receipt
for Saturday at New Orleans and Houston, the market
turned steady, but during ihe late tradiog realiz ng sales
again weakened values. The close was barely st-ady, with
prices 5 points higher for November but 2 to 14 points lower
or other months, with the weakness most pronounced in
the distant deliveries. Cotton on the spot haa been firmer,
closing at 9%c. for middling uplands.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:
;
UPLANDS.
Sat,
4ood Ordinary.
LjOW Middling..
middling
84.318
24.428
48,935 167,681 1,034,733 206,910
729,616 1,971.269
48,274
29.061
83,525 165,^0qI
7 11. 04 1 1.630.987
1
8%
8Hi
8
9*6
93s
95 te
98 s
99
9'3 U
a
105, „
GULF.
Sat.
olood Ordinary,
8%
jow Middling..
93e
Middling
9i s ie
*ood Middling..
loifl
Middling Fair..
109
STAINED.
Sat.
Low Middling...
83,„
9i«
middling
itrlot Middling
95,
99, p
3ood Middling Tinged.
Mob Tueo Wed
8ifl
Good Middling.,
h8
9%
9%
Id
loi«
109 p
l
10
ift
10>3
,-
1013
Mod Tae« Wed
9
Tb, Fri.
8»4
813,,
* 7 ie
938
Ht
9
lU»8
109.
T*.
8'5 16
8« lf 9
9»i B
99 16
9 78
103i 6
10«8
Fri.
9*16
» U 16
958
lOhe 10
10
10 .« 10»e
10% 10i,« 10'ifl n>3s 107 l6
10i3, 6 1034
1034
1013,,
Moo Tue» Wea Tb
87
lft
938
99,«
9'3-e
838
95 6
9*3
9*4
838
9*16
9»s
934
87
10 T8
Fri.
e
8*9.
ft
9«fe
93*
99
918
9'8
The quotations for middling upland at New York on
Nov. 16 for eaoh of the past 82 years have been as follows.
1900... .0. 9 78
1899... ... 1 9 16
1898... ... 538
1897... ... 5 '8
U196... ... 734
1895... ... 8'ift
1894... ... 5*8
1893... ... 8*8
I884....0.IOI4
0.12
1876.
1892 ....0. 93a
13B 1B
8l 16
1875
1883
107,„
1891
lO**
1874
1882
1890
14'e
90s
.1514
1873
1881
1889
Ills
104
10'b
1914
10
1880
1888
16 1872
12ie
18»8
.1038
1871
1887
1879
16»«
93, B
1870
1878
1886
93s
1869
93g
11^
1885
1877
253s
Note.— On Oct. 1, 1874, grades of ootton as quoted were changed.
Aooordlng to the new classification Middling was on that day quoted
360. lower than Middling of the old classification.
MARKET AND SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Spot market
Closed.
Qnlet
Steady at *4 ad.
Quiet at lie dec
Tuesday
Wednesday Quiet
Thursday Steady at l^ad.
Steady at ii ad.
Saturday
.
Fotures
Sales of Spot
Market
Closed.
Spec.
B'rly steady.
Monday
& contract.
Con-
Con-
tump.
tract.
ISO
80
300
250
1,600
Total.
130
380
. .
.
676,39ft 272.6E0
4,048
53 185 17,579 23.466
Savannah
3,400 5,100 6,^00
Charleston...
7,420
1,000
500
1,500
Middling Fair...
1895.
43,946
73,312
10,466
25,762
11,471
7,684
10,439
13,500
15,849
95,777
63,087
6,034
43,921
14.348
10 813
19 843
New
Great
GerOther ConstBritain Fr'nce many. For'gn wise.
1
37,367
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Btcexptt
Leaving
Nov. 16 at—
Galveston
Tola
Fri.
ON SHIPBOARD, NOT CLBABED FOB—
fi
2,000
32 7
1,850
81
2.327
2,000
868
1,900 ~4,76S
Qnlet
Firm
B'rly steady.
81
November
—
8
.
.
THE CHRONICLE.
17. 1900.]
Futures.- Highest lowest and closing price* at New York,
1025
At the Interior Towns the movement—that is the receipts
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
aorresponding period of 1899— is set out in detail below.
for the
Mat—
JUNE—
JULY—
April—
March—
JANUARY—
AUGUST—
OCTOBER—
February—
Closing
DECEMBER—
NOVEMBER-
SEPTEMBER—
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the United States, including in it the exports of Friday only,
1897
1900
1899
1898
Stock at Iayerpool
bales.
Btook at London
Total Great Britain stook.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam.... ......
Stook at Rotterdam
Stock at Antwerp
Stook at Havre
Stook at Marseilles
Btook at Baroelona
Stook at Genoa
Stook at Trieste
Total Continental stocks
Tetal European stocks
India cotton afloat for Europe
Amer cotton afloat for E'rope.
x;
J-
ff.
M
w
©
The Visible {supply op Cotton to-night, a«
t>y
cable and telegraph, is as follows. Continental stocks, as well
as those for Great Britain and the afloat, are this week's re
turns, and consequently all European figures are brought down
to Thursday evening. But to make the total the complete
figures for to-night (Nov. 16), we add the item of exports from
OS
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$
00
1
CO to
oil
1
744,000
2,000
746,000
25.000
156,000
792,000
4,000
796,000
13,000
102,000
1.000
1,000
505,000
4,000
509.O00
10.000
122,000
1,000
300
200
200
8,000
4,000
4,000
8,000
98,000
84,000 170,000
112,000
2,000
4,000
4,000
4,000
41,000
15.000
60,000
21,000
11,000
13,000
23,000
7,0
1,000
9,000
1 1,000
5,000
241.200 442 300
295,200 296,200
620 ^00 1,188.300 1,091,200 805,2"0
49,000
4.O00
13,000
9,000
768.000 585,000 1,040 000 855,0
T
Earvut Brazil, Ac. aflt for E pe
65.000
48 OOO
61,000
60 00
Stock in Alexandria. Egypt... 127,000 153.000 151.<0T 132,000
Stock in Bombay, India
153)000 180.000 155,000 150 000
Stuck in United tstates ports.. 737,o53 9da,3'»i 1.164. Hl-i 921.42)
Stock In D. 8. interior towns.. 590,008 731,002 637.233 503. 90
United States exports to-day..
4 <,7 18
18. M8
69,5'0
74,003
Total visible supply
.3,135,971 3.90i,l*2 4 372,755 3,50.^,813
Of the above, totals of American ana otner descriptions are as follows:
05
00
©lOtOM M W
—M
<!_-<. ©M-q-q^JOOW W
'»
•
c?
*
p
«?
M
»•
^1
»
The above totals snow tnat the interior stocks have increased during the week 44,015 bales, and are to-night 140,994
oales less than at same period last year. The receipts at all
towns have been 28,218 bales more than same week last year.
Overland Movement for the Week and Since Sept. 1.—
a statement showing th^> overland movement
for the week and since Sept. 1, as made up from telegraphic
•eports Friday night.
The results for the week ending
Nov. 16 and since Sept. 1 in the last two years are as follows.
We give below
1900.
November
16.
Week.
1899.
Since
Sept.
1.
Week.
Since
Sept.
1.
—
Shipped
Vladt. Louis....... ..............
60,209
15,104
288,803 44,084
7,t4i
71,077
4,270
7fc3
23,367
1,550
30,bt4
6,530
15.90U
5,t02
59,697
9,2.01
259,700
85.964
493,778 74,831
524,848
78,637
39,692
11,499
9^10
2,es9
56,«68
13,590
31,553
129,828
13,195
102,011
Leaving total net overland*.. 82.857 363,950 61,636
Including movement by rail to Canada.
422,837
1/08
Via Rook Island
6,000
7,235
2,293
8,741
.
4,848
4
6i5
76,440
45 241
4o,010
.
<
Total gross overland.......... 101,090
Deduct efiipments—
Overland to S. Y., Boston,
13,370
4,206
657
&c
Totalto be deduoted
American —
Liverpool stook
Continental stocks
652,000 707,000 411,000
398.000 248.000 257,000
American afloat for Europe. .
5*5,000 1,040 000 855,000
United States stook
983,?02 l,ir-4 812 921 420
United States Interior stocks.
731,002 637.233 503.190
United States exports to-day.
74,003
4 3 ,7
18 518
69,510
Total American
2,665,779 3,367,»22 3.866,555 3,021,613
Batt Indian, Brazil, «fc—
Liverpool stock
56.000
94 000
92,000
85,000
London stook
14.000
4,000
2,000
4,000
Continental stocks
23.200
39,200
47 200
44,300
India afloat for Europe
9.«'00
49 000
13,000
4,000
W«rvT>t Brazil *i» afloat
48 000
P5 OOO
60 000
51,000
Stook in Alexandria, Egypt... 127,000 153 000 151,000 132.0 '0
StOBk in Bombay, India
15.- ,000
180 000 155.000 loO 000
Total East maia, &o......
470 2<
540, -OO
5o6,^O0 488.200
Total American..
2,665.779 3.367,822 3,866,555 3,021,613
Total visible supply
3,13--.97tf 3,90%122 4,372,755 3,50^. S13
Middling Upland, Liverpool..
3» 32 d.
5» 6 d.
4^ 3 ad.
3133!
Middling Upland, New York.
5^80.
9 78C
5^80.
79, 6 0.
Egypt Good Brown, Liverpool
73 u d.
4 6gd.
6h«d.
49ied.
Peruv. Bough Good, Liverpool
6i4d.
77, e d.
6%d.
7»8d.
Broach Fine, Liverpool
43, 6 i.
3>4d.
33sd.
515,. d.
Tinnevelly Good, Liverpool...
39 16 d.
5ied.
315 l6 l.
3d.
bales.
.
.
309,000
213.000
768 ,000
737,053
590,008
1
Continental imports past week have been 107,000 bales.
The above figures indicate a decrease in 1900 of 772,143
bales as compared with sanu date nf 1899, a loss of 1,226,776
bales from 1898 and a decline of 373,834 bales from 18»7.
*
18,233
59
The foregoing shows that the week's net overland movement
year has been 82.857 bales, against 61,636 bales for the
veek in 1899, and that for the season to date the aggregate net
verland exhibits a decrease from a year ago of 58,487 bales,
ihis
1900.
1899.
In Sight and Spinnert'
Taktngt.
Week.
Since
Sept.
1.
Week.
Since
Sept. 1.
278.572 2,794.987 270,034 2,559 112
82,857 363,950 61,63b 4 22,^37
Southern consumption to Nov. 16 28,000 308,000 29.000 317,000
Set overland to Nov. 16
Total marketed
nterior stocks in excess.. ........
389,429 3,466,937 361 570 3,299,949
44,0 i5 545.381 36,3 i0 4»7,819
Came into sight during week. 433,474
397,910
Total in sight Nov. 16
4012,318
3,786,768
Sorth'n spinners takVs to Nov.16 100.646
Movement
!
9.70«
694,101
into sight in previous years.
WctzJc
1898
1897
1896
1895
540,270
18°8
5«.,274 1897
413.443 1896
299,353 1895
bales. 500,»5*6
Since Jan. 1.
bales. 4,713.854
4,44tf,H43
4.lM-t,940
3,249,876
—
.
6
.
.
THE CHRONICLE.
1026
Quotations fob Middling Cotton at Othke Markets. Below are closing quotations of middling cotton at Southen
and other principal cotton markets for each day of the week.
CLOSING QUOTATIONS FOB MIDDLING OOTTON ON-
Week ending
Nov. 16.
Satur.
Mon.
Tuet.
93 16
93)6
9S ]e
938
9
9
Savannah..
9i«
9H
Charleston..
9
9\t
Wilmington.
Norfolk
9
9
Galveston..
New Orleans
Boston..
....
Baltimore
.
Philadelphia
Augusta
Memphis....
St. Louis
9
9*8
99l6
93a
9i3 16
« 7 16
..
Louisville.
93g
9ii6
9*4
9>8
9*8
914
9is 16
9*2
9*4
99|«
9»a
10
101 16
9»8
96i6
96,
9ifl
9>«
914
938
9 6 18
914
9 7 '8
934
9%
913 e
9!>8
9»8
9%
101 6
10^8
9'8
10
9%
9^
934
9
9*6
93 18
93, 9
93, e
9
9h&
9>fl
9ifl
9H
9>4
913
9*4
93l«
HIS
93 16
9H
93i 6
9&, 6
93g
934
9*8
94
^3 te
9%
Nov. 15, OO. Nov. 16, '99.
Sew Orleans
I
Atlanta........
9 1*
|
Charlotte
9>*
I
Columbus. Ga.
9
I
Little Rook....
Montgomery... 8 »8-7 i6
Natchez
Raleigh
Shreveport
1900.
9*8
95 18
lowest 29.
Columbus, Mississippi. The weather has been favorable
the past week with no rain. The movement is becoming
slow. The thermometer has averaged 49, ranging from 28
—
—There has been but a trace of rain,
Thermometer has ranged from
— The
weather has been clear and
cold during the week, with heavy frost.
There has been no rain during
Little Rock, Arkansas.
the week— favorable weather for gathering crops.
Thermometer averaged 47, ranging from 27 to 68.
Helena, Arkansas. Picking is nearly finished. We have
had light rain on one day of the week, the precipitation
reaching ten hundredths of an inch. The thermometer Jhas
ranged from 29 to 65, averaging 44.
Memphis. Tennessee, Picking and marketing are progressing well. There has been rain on one day of the past week,
the rainfall reaching four hundredths of an inch. Average
thermometer 42*8, highest 64*9 and lowest 30*7.
Naihville, Tennessee.— Dry weather has prevailed all the
week. The thermometer has averaged 45, the highest being
64 and the lowest 26.
Mobile, Alabama. Freezing weather was experienced in
the interior early in the week. It has been dry all the week.
The thermometer has averaged 50, ranging from 36 to 73.
Montgomery, Alabama. Frost has occurred on three
nights. There has been no rain the past week. Thermometer has ranged from 32 to 72, averaging 49.
Augusta, Georgia.— It has rained on one day of the week
to an inappreciable extent. The thermometer has averaged
47, ranging from 31 to 70.
Savannah, Georgia.—There has been rain on two days of
the week, the rainfall reaching five hundredths of an .inch.
Thermometer has ranged from 36 to 73, averaging 53.
Charleston, South Carolina. There has been rain on two
days of the week, to the extent of thirteen hundredths of an
inch. The thermometer has averaged 53, the highest being
—
—
—
—
—
72 and the lowest 36.
Stateburg, South Carolina.—Killing frost on three days
of the week, with thin ice on low grounds. Very little cotton
remains in the field. Dry weather has prevailed all the week.
The thermometer has averaged 49 6, the highest being 69 and
the lowest 31.
Greenwood, South Carolina.—It has been dry all the week.
There is no top crop. Average thermometer 43, ranging
from 32 to 55.
Charlotte, North Carolina. The week's rainfall has been
5.000
from—
Great
1898.
Since
Week.
Sine*
Week.
Sept. 1.
105,000
22,000
38,000
Continent.
Britain.
Sept. 1.
17,000
64,000
Since September
Great
Britain.
1.
Total.
Continent.
Total.
Bombay—
1900.,
10,000
1,000
58,000
2,000
27,000
68,000
2.000
28,000
2,000
8,000
2,000
S.000
8,000
2,000
11,000
2,000
1,000
2,000
2,000
1,000
4,000
21,000
9,000
25,000
22,000
9,000
29,000
89,000
14,000
65,000
100,000
14,000
74,000
1899
1898..
2,000
2,000
1,000
1,000
Calcutta—
1900,.
1,000
1898....
1,000
Madras—
1,000
1,000
1899
1898..
All
(5,000
others—
1898
3,000
3,000
1,000
3.000
3,000
4,000
5,000
5,000
11,000
5.000
6,000
9,000
rotal all—
1899..
1898
1.000
Alexandria Receipts and Shipments of Cotton.—
Alexandria, Egypt,
November
1900.
14.
1898.
1899.
Receipts (cantars*) . .
This week
Since Sept.
1
310,000
320 000
300.000
1,570,000
2,286,000
1,829,000
Since
This
week.
Since
This
week.
Sept. 1.
This
week.
Sept. 1.
Since
Sept. 1.
Exports (bales)—
13,000
6,000
1*0 Liverpool....
To Continent t-
66,000 18,000
50,000 14,000
97,000 12,000
93,000 8,000
72,000
67,000
Total Europe
19,000 116,000' 32,0001190,0001 20,000 139,000
Aoantar is 98 pounds.
t Of which to America in 1900, 10,206 bales; in 18S9, 18,142 bales;
*
in 1898, 6,169 bales.
Manchester Market.— Oar report received by cable
to-night from Manchester states that the market is firm for
both yarns and shirtings. The demand for both yarn and
cloth is improving. We give the prices for to-day below and
leave chose for previous weeks of this and last year for
comparison.
1899.
1900.
8*4 lbs. Shirt- Oott'n
32* Cop. ings,
Twist.
—
—
1
Exports
9iie
—
Greenville, Mississippi.
Since
For the Week.
9%
—
1899.
Sept. 1.
t
ranged from 30 to 72, averaging 51.
San Antonio. Texas We have had raia on one day of the
week, the precipitation being ninety hundredths of an inch.
Killing frost on two nights. Average thermometer.52, highest 74 and lowest 30.
New Orleans, Louisiana.— We have had no^rain during^ the
week. Average thermometer 55.
Shreveport, Louisiana. Rain has fallen on one day of the
week, the rainfall being two hundredths of an inch. The
thermometer has averaged 48, the highest being 76 i|and^the
32 to 75.
ending Nov. 15, and for the season from Sept.
years have been as follows:
Receipts at—
—We
Vicksburg, Mississippi.
2-4
0-6
15 for three
« 5 i«
telegraphic ad
vices from the South this evening denote that low temper
ature has bee a general daring the week with killing frost in
many localities. The weather has been favorable for gathering cotton, dry weather having prevailed in most sections.
have had no rain daring the week.
Galveston. Texas.
Average thermometer 56, highest 70 and lowest 42.
Abilene, Texas.—It has rained on one day of the week, to
the extent of twenty one hundredths of an inch. Killiug
frost on 12th and 13th. The thermomet er ^has averaged 49,
the highest being 68 and the lowest 30.
Corpus Christi, Texas,— Rain has fallen on one day'of "the
week, the rainfall being one hundredth of an inch. The
thermometer has averaged 56, ranging from 38 to 74.
Pahstine, Texas.— Dry weather has prevailed all the week.
Killing frost on the 12th and 13th. The thermometer has
on one day of the week.
Nov.
to
Weather Reports by Telegraph.— Oar
to 70.
8-3
11-3
Movement from all Ports.—The receipts
Bombay and the shipments from all India ports
Week.
Nashville
29
1-7
10
10
India Cotton
of cotton at
for the week
Bombay
93s
9*4
8 7s
Feet.
4-3
6-4
936
(Friday) at other importai
Columbus.Miss
Eufaula
Feet.
Above zero of gauge.
VIemphis.. ............ .Above zero of gauge.
Nashville........
Above zero 01 gauge.
Shreveport
Above zero of gauge.
Vicksburg.
Above zero of gauge.
Southern markets were as follows.
Athens
but one hundredth of an inch. The thermometer has ranged
from 29 to 67, averaging 48.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
3 o'clock Nov. 15, 1900, and Nov. 16, 1899
Frt
95l6
9»4
9*4
95,6
9
The closing quotations to-day
Thurt.
93ie
938
9**
9*4
914
9*8
9*4
90s
93 18
9
Cincinnati
Wednet.
[Vol. LXXI.
d.
d.
19
8% 09%
" 26 838
8>9"fl
Nov. 2 838 ©9*3
•'
9 8*4 993s
»•
16 8& 18 s93e
s.
d.
5
5
5
5
5
5
6i*a>8
6
s.
d.
d.
119
®8
4»«?»7 11
5 ®8
d.
lbs. Shirt-
Upld*
to finest.
d.
4
4
«7 6
5 7 33 6? u a>738
4
9
9
9
5»32 67i e ®73s
4
9
®7
7
59|« 7
4 10Tfl»7
4 10*flt>7
al^
5<*32
-a>7*«
s.
1»7
t»7
d.
d.
s.
d.
OoWn
common Mid.
67 18 a73e
67 16 @73u
6
5B9
4i«»7 11
4i«»7 1l
9H
Cop. ings,
Twist.
lipids
to finest.
Oo. 12 815 16 »978
•'
common Mid. 32s
3'b
6
6
331 S 2
33i 39
6
4132
43i6
43 S3
7i*
71*
—
European Cotton Consumption to November 1. By
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 actual bales and pounds have been as follows:
Oct. 1 to
Nov.
1.
Great Britain
Continent.
Total.
For 1900.
Takings by spinners... bales
Average weight of bales. lbs
Takings in pounds...
181,000
203,000
481
97,643,000
489
88,509,000
384,000
484-8
186,152,000
For 1899.
Takings by spinners... bales
Average weight of bales.lbs
Takings in pounds
256,000
503
128,803,000
!
319,000
495
158.296.000
575,000
4993
287,099,000
According to the above, the average weight of the deliveries
Great Britain is 489 pounds per bale this season, against
503 pounds during the same time last season. The Continen ta 1
deliveries average 481 pounds, against 495 pounds last year,
and for the whole of Europe the deliveries average 484*8
Our
pounds per bale, against 499 3 pounds last season.
in
dispatch also gives the full movement for this year and last
year in bales of 500 pounds.
.
November
Briiahi
to
Nov. 1
177,
Snpply
Consumpt'n, 4 weeks
Total.
371,
372,
195,
519
224,
200,
Spinners' stock Nov.l
Continent.
324
47,
24,
~743,
348.
548
171,"
~195
~
Oct.
Great
Britain
Oonti
Tota
nent.
~63
525
316
258
321
272,
49,
588,
574,
841,
364.
477,
1,162,
636,
526,
000 omitted.
'
91.
«8,
137,
87.
50.
week
159,
26
Nov. 2
bales.
45,000
Of which exporters took...
Of whloh speculators took
400
300
Sales of the
Sales American....
41,000
6,000
61,000
199,000
14 4,000
104,000
93,000
421,000
394,000
.,
Actual export
Forwarded
Total stock— Estimated
Of whloh Amerioan— Est'd
Total Import of the week
Of which Amerioan
,
Amount afloat
......
Of which American
Weekly Oonsumption,
In October
1027
1899.
1900.
Spinners' stock Oot.l
Takings
THE CHRONICLE.
17, 1900.J
Oct. 1 to Nov. 1.
Bales of 500 lb*, each,
000» omitted
.
Nov.
48,000
3 000
200
41,000
5,000
68,000
305,000
25:«,000
179,000
174,000
390.000
360,000
1
Nov. 16.
9.
58,000
1,700
1,000
51,000
4,000
95,000
342,000
291,000
136,000
123,000
400,000
3b6,000
55,000
8,300
90©
49,000
12,00©
86,000
36S.OOO
309,00©
121,000
105,000
402,000
358,000
The tone of the Liverpool market for spots and futures
each day of the week ending Nov. 16 and the daily closing
have been as follows.
prices of spot ootton,
Savannah Cotton Exchange.— At
the annual election of
the Savannah Cotton Exchange the following officers were
chosen: President, C. A. Sheareon; Vice-President, J. P.
Williams; directors, W. W, Williamson, F. D. Bloodworth,
H. Weber, C. B. Malone, Charles Ellis, J. M. Barnard Jr.,
John Flannery, J. J. Gaudry and E. Karow; inspectors of
the next election, W. C. Strobhar, L. T. Hubbell and G. A.
Gordon.
Jute Butts, Bagging,&c. The market for jute bagging has
been very dull during the past week. Quotations, however,
are unchanged at 7^c. for 1% lbs. and 7^'c. for 2 lbs., stand
Car-load lots of standard brands are quoted at
ard grades.
—
according to quality. Jute butts continue
dull and nominal at l%c. for paper quality and 1'50@2 -45c.
7H@7%c-,
f.
Sat'day.
Spot.
Market,
{
1:45 P. m.\
Mid. Upl'dB.
3peo.
Monday. Tuesday. Wed'day. Tkursd'y Friday.
Fair
Moderate Moderate Increased business
demand. demand. request.
doing.
5" 33
51S.!j2
51a
7,000
8,000
500
500
&exp.
Good
demand.
Moderate
demand.
51632
51632
10,000
12,000
12,000
8,000
500
500
500
500
Futures.
Market,
1:45 p. M.
Market,
4 P. M.
Steady at Steady at Steady
I
2 84
(a.
3-64
2-64 ad-
at
@ 2-64
1-64
advance.
vance.
advance.
I
Barely
steady.
Stead j.
(,
steady.
J
Barely
Steady at
Steady at
1-64 decline.
Steady.
Quiet.
Steady,
3-64
@ 4-64
advance.
Quiet and
steady.
o. b.,
for bagging quality.
—
Shipping News. As shown on a previous page, the
exports of ootton from the United States the past week have
reaohed 157,681 bales. The shipments in detail, as
from mall and telegraphic returns, are as follows:
made up
Total bales.
New York—To
Liverpool, per steamers
Georglc, 2,983
To Hull, per steamer Colorado, 562
Ems, 1,173
Sat.
Ion,
Nov. 10. Nov. 12.
12ifi
1
P. M. P. M.
Tueg.
Wed.
Nov. 13.
Nov. 14.
Tli 11 r s.
Nov. 15.
Fri.
Nov. 1©.
1:45 4 1:45 4 1:45 4 1:45 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
4,156
To Manchester, per steamer Nasmyth. 147
La Champagne,
To Havre, per steamer Casos, 2,962
428
To Bremen, per steamer Friedrlch der Grosse, 101
To Hamburg, per steamer Bulgaria, 239
Southwark,
To Antwerp, per steamers St.Cuthbert, 600
520
To Oporto, per steamers Dona Amelia, 1,000
562
147
3,390
101
239
1,120
Honiton,
3C0
1,300
To Lisbon, per steamer Peninsular, 300
To Naples, per steamer Kaiser Wiltielm II, 300
To Venice, per steamer Pawnee, 100
To Trieste, per steamer Pawnee, 100
To Japan, per steamer Gymeric, 400
New Orleans—To Liverpool -Nov. 16 -Steamer
The prices of futures at Liverpool for each day are given
below, Prioes are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
300
300
100
100
400
...
Tactician,
15,886
To Manchester— Nov. 13— Steamer Cumeria, 3,947
To Belfast-Nov 10— Steamer Ramore Head, 2,775
To Havre— Nov. 9-8teamer Karthage. 1,578
To Hamburg— Nov. 10— Steamer Pretoria. 537
To Copunhagen—Nov. 10— Steamer Alabama, 3,500
To Lisbon— Nov. 3— Bark Plorinda. 300
To Boroelona— Nov. 12— Steamer Miguel M. Pluillos. 2,633
To Genoa—Nov. 12— Steamer Miguel M. Pinillos, 4.354
Galveston— To Liverpool— Nov. 9 -Steamer Ida, 4,039
15,886
3,947
2,775
1,578
d.
d.
d.
d.
5 14 5
5 09 5
5 07 5
5 06 5
5 04 5
5 02 5
5 01 5
21 5
16 5
13 5
12 5
10 5
08 5
5 00 5
June-July... 5 01 4 63 5
July- Aug.... 4 62 4 61 5
Aug.-Sept... 4 58 4 55 4
Sept.-Oot...
5
5
November.. 5 13
Nov.-Deo... 5 10
Deo.-Jan.... 5 08
Jan.-Feb.... 5 06
Feb.-Moh... 5 05
Mch. -April. 5 04
5 02
April- May
May-Inne... 5 02
07
08
04
03
61
5
5
4
d.
d.
20 5 24
16 5 19
13
16
14
11
09 12
08 11
06 5 10
05 5 08
04 5 07
02 5 05
61 4 63
d.
5 22 5 20
5 17 5 15
5 14 5 12
5 12 511
d.
d.
d.
5 20 5 22 5
5 15 5 17 5
5 12 5 14 5
5 11 5 12 5
5 10 5 09 5
5 08 5 07 5
5 07 5 06 5
5 06 5 05 5
5 04 5 03 5
5 03 5 02 5
4 61 4 60 4
09 5 10
07 5 08
06 5 07
04 5 05
03 5 04
01 5 02
59 4 60
24
19
16
14
5 12
5 10
5 09
5 0?
5 05
5
04
4 61
.
BREADSTUFFS.
Friday, Nov.
16, 1900.
Business for the week in the market for wheat flour has
been
on a very moderate scale, but prices have held about
537
3,500 steady. According to reports current in the trade, large sales
300 of spring patents were made recently in the local market at
2,633 $4@4 10, supplying the wants of buyers for some little time
4,384
to come. Kansas flours are repoi ted gold ahead and values
have been well maintained. Winter wheat patents have had
Nov. 0— Steamer Hemisphere, 7,530 ..Nov. 14— Steamer
Angola, 16,607
28,226 a limited sale at steady prices. City mills have been quiet
Nov. 15—
To Havre— Nov. 12— Steamer Basuto, 9,660
unchanged. Rye flour has had a fair sale in jobbing
19,460 and
Steamer Alton, 9,800
ToBremen-Nov. 15- Steamer Elswick Lodge, 9,600
9,600 lots at steady prices. Demand for buckwheat flour nas imNov. 9 To Hamburg— Nov. 7— Steamer Therapis, 3, 01
proved with the more seasonable weather, and prices have
Steamer Raithwaite, 1,020 ...Nov. 13— Steamer Atlas,
been firmer. Corn meal has been in more active demand and
395
4,616
steady.
2,499
To Vera Cruz— Nov. 10 Steamer Hydra. 2,499
2,3f.0
Speculation in wheat for future delivery has been fairly
Mobile—To Liverpool— Nov. 14— steamer Goodwood, 2,350.
Pensacola—To Manchester— Nov. 14— Steamer Salopia. 5.201 5,201 active. At the opening of the week prices advanced, the rise
Savannah—To Manchester— Nov. 9 Steamer Tresco, 3,000 upland and 50i) Sea Island
3,500 in values on Monday amounting to %@%c. There was more
activity to the buying, and this, coupled with reports of a
To Bremen— Nov. 14— Steamer Ratbo, 11,249 upland and
250SeaIsland
11,499 large export business and decidedly stronger advices from
4,5*2
To Baroelona-Nov. 14— Steamer Thirlby, 4.582
Brunswick—To Liverpool—Nov. 14— Steamer Dromore. 2,854 2,854 Antwerp, which was supposed to be iLfluenced by the crop
600 news from Argentine were the prime factors in the advance.
Norfolk— To Continent— Nov. 14— Steamer
600
Newport News—To Continent—Nov. 4— Steamer
25 The increase in the visible supply was less than half the
,25.
Bobton—To Liverpool—Nov. 6— Steamer Devonian, 6,332
amount on the corresponding date last year. Primary reNov. 9— Steamers Sachem, 1; Turcoman, 569
6,902
4,427 ceipts were decreasing, running smaller than at this time
To London— Nov. 14— Steamer Bogstad, 4,427
last year.
World's shipments were large, the exports of RusBaltimore -To Liverpool—Nov. 3—Steamer Oakmore, 1,725
Nov. 9— Steamer Vedamore, 1,660
3,385 sian and Danubian wheat being especia'ly heavy.
Advices
To Rotterdam— Nov. 9— Steamer Tampico, 200
200 from the winterwheat belt have reported generally favor157,681 able condition, but some talk has been heard to the effect
Total
Cotton freights at New York the past week have been that the acreage planted in the middle Western States
shows a moderate decrease from last year. During the latas follows.
ter part of the week there developed a weaker undertone.
The increase in the world's visible supply was larger than
Fri.
Satur.
Mon.
Tues. Wtdnes. TKurs.
expected. The large available supplies in sight had a tend25~
ency to dsscourage speculative holders, and as the advices
c
25
Liverpoool
25
25
20
25
40*
40*
40*
40*
40*
40*
from Liverpool came unexpectedly weaker, they turned selle.
Havre.
ers, to liquidate their accounts, under which prices declined.
c.
35
Bremen
35
35
35
35
35
Business in the spot market has been fairly active, as exportc
Hamburg
35
35
35
35
35
35
ers have been buying; prices have followed futures. To-day
c.
50
Amsterdam
50
50
50
50
50
there was an easier market under general selling, prompted
c,
50
Rotterdam
50
50
50
50
50
by tame foreign advices. The spot market was moderately
Reval, v.Br-Hamc.
50
50
50
50
50
50
active.
The sales for export here and at outports were
45
45
45
45
Do v. Hull...c,
45
45
260,000
bushels.
45
45
45
45
Do v. St. Pet.o
45
45
DAILY CLOSING PRICES OF NO. 2 RED WINTER IN
YORK.
50
50
Genoa
e.
50
50
50
50
Tues.
Wed. Thurt.
Sat.
Mon.
Fri.
Trieste
50
50
e.
50
50
50
50
Cash wheat f. o. b
8OJ4
79^
79*3
79
81%
79^
78J4
Antwerp
35
35
35
c.
35
35
Deo.
35
delivery in elev
78»8
79*3
78^
77%
803s
March delivery in elev.. 83
81%
813s
80%
833s
815s
Ghent, v. Antw'p.c.
41
41
41
41
41
41
May
delivery in elev
81*8
82*3
81*8
82%
81*a
803s
Quotations are cents per 100 lbs. or tractions of a penny per lb.
DAILY CLOSING PRICES OF NO. 2 SPRING IN CHICAGO.
* And 5 per oent
>
1
.
.
,
1
NEW
—
Liverpool. By cable from Liverpool we have the follow
ing statement of the week's sales, stooks, &o., at that port,
Deo. delivery in elev
Jan. delivery In elev
Sat.
Mon.
74*4
75*8
74*3
73
75 *
73%
1
Tues.
Wed.
72>4
73*8
Tkurs.
72»a
733s
Fri.
713a
72H
.
THE CHRONICLE.
1028
Indian corn futnre3 have received slightly increased attenTbe tone of the market h*s held steady and only f rac
tional c hanges have been made in prices. Clear, cold weather
has been noted in the West, favorable for an increase in the
crop movement. Primal markets, however, have reported
only moderate country acceptances. Statistically the position of the market continu-d a fairly strong one. Stocks
were small and decreasing. The visible supply, as reported
on Monday, showed a fairly large decrease. Trie amount on
passage to Europe, also, is only naif the quantity reported at
s
this time last year. Business in the spot market has b en
fairly active, exporters being moderately free buyers here
and at outports; prices have held steady. To-day the market was quiet and prices weakened slightly. The spot market was fairly active, the sains lor export here and at outtion.
ports amounting to 410,000 bnshels.
DAILY CLOSING PRICES OF MO. 2 MIXED
Sat.
Mon.
47
47
Gash corn f. o. b
4'^
43%
Deo. delivery In elev
CORN IN
Tues.
47
NEW YORK.
Thurs.
Wed.
47
Fri.
[Vol. LXXI.
The preliminary estimate of the average yield per Here of buckwheat is 15 bushels, against an average yield of 16'56 bushels in 1899,
17-28 bushels In 1898, and a ten year average of i«8 bushels. The
average for New York and Pennsylvania, the two States of principal
production, is 14 bushels. The average as to quality is 90-2 Der cent,
a<Hinst 88-4 per cent in November last and 85-^per cent in November,
1838.
Trie preliminary estimate of the
average yield per aore of potatoes
80 8 bushels, against an average yield of 88-63 bushels in 1699,
75-19 bushels in 898, and a ten-year average of 766 bushels. The
average as to quality is 88-1 per cent, against 91*4 percent in November last and 8f7 per cent in November, 18^8.
The preliminary es'imate of the average yiell per acre of hay is 1-28
tons, against an average of 1-35 tons iu 1899, 1*55 tons in 1898 and a
ten-year average of 1-^8 tons. The average as to qaalitr is 89 7 per
cent, against 93 8 per cent in November last and 95*3 per oent In
is
1
Novemtier, 1898.
A preliminary estimate of the cotton crop, based upon reports from
the Department's regular {correspondents, from gioners and from
individual planters, supplemented by the investigations of special
agents, will be Issued ear y in December.
An estimate of the wh-at crop will be Issued as soon as the individual farm returns are available for comparison with the reports of
the Department's regular correspondents. This will be not later than
46%
42% Deoember 10.
41%
The average indicated yield per acre of the various crop 8
47
4338
4314
4314
42&8
423g
42%
42>fl
423s
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Fri
Wed. Thurs.
Sat.
Mon.
Tues.
3578
3")%
?5 78
3638
353a
35?8
Deo. delivery In elev
3538
34%
3514
35%
35%
Jan. delivery In elev
36
36*8
3658
36»s
366s
365b
May delivery in elev
May
:
.
delivery In elev
for a
number
of years
3^
Oats for future delivery at the Western market have been
quiet with only fractional changes in prices. The undertone
has held steady. The crop movement has been limited and
there has been a fairly good trade. Available supplies have
decreased slightly, and there has been limited speculative
bu>ing by commission houses. L >cally the spot market has
been moderately active at steady prices. To-day there was a
quiet but steady mark-t, The spit market was steady. The
.sales for export were 85,000 bushels.
YORK.
DAILY CLOSING PRICES OF OATS IN
NEW
Sat.
Mori.
Tues.
Wed.
Thur$.
—
of Agriculture Is 2* -3 bu»helt>, as compared
with an average yiel<i of 2V3 1 bushels in 189 J. of 24-76 bushels in
1898 a«<t a teu year -ivera^eof i4*l bu-heis. The indicated yield per
acre in Ohio is 37 bushels, in Indiana and Iowa 3 , In Illinois 7. in
Missouri 28, in Kansas 19 and iu Nebraska 26 bushels. The average
a? to quality is 8a o per cent, as compared with 87 2 per cent last year
and 82-7 per cent in November, 1898. It is estimated that 4-4 per
cent of the corn crop of i89^ wa<< still in the hands of farmers on
November I. 1900, as compared with ^9 per cent, of the crop of L898
in farmers' hands on November 1, ;899, and 7 2o per cent of that
of 1897 iu hand on November 1. 189a.
tician of the
Department
-
The indicattd yield of corn for the whole country for 1900
makes the following comparison with the results for the
Indicated
Production,
1-62
000
264,180.0
»0
16i.B75.09
180,712 000
210.418
Nebraska
Pennsylvania..
Michigan
23 .621,828
162,915.( 64
132,842,048
224.373.8r8
Production,
1897.
1896.
Bushels.
22",08'J.149
232,928,085
162,442,728
154,731.486
158.754.6H6
171,923,882
129,154,572
102,828,»S9
109,825,320
72.176,142
63.672.588
241,268,41)0
90,»48,816
81,954,000
106.33fl.T0O
57,00 ,000
69.261,000
81,161.398
69,907,760
66.302.6S7
32.7' O.Ol'O
40.265,872
46,190,135
45.220,000
4",660.00o
48,(187,140
45,3^5,220
41,186,365
85,327,425
64,485,744
44,866,116
35,580.560
33,646,183
38,!-8o,000
20,47",350
3.V40.604
31.201.o8rt
1,791.546,(10'
3I6,W60,000
81,172,27*
76.467.7 12
85,177,243
80,532,001'
Production,
Bushels.
14 1.852,i94
31.8l2,0i.0
Total
Bushels.
264.999,850
199,95^,810
92,165,580
25.H40.8st)
321,719,511
281,672,764
247,734,001
176,768,649
298,599,638
133.468,265
123,691.957
32,228,617
71,893,446
80.932,348
62,475,000
20,724,854
88,890,071
40,041,030
34,446,974
1,730 480.081 1,590,(07,940 1.602.110,633 1,967,187,058
3.7,712,952
834,176,720
bushels . 80*8
.tons. 1*28
Hay
2,108,602,001
1896.
28-2
18-7
91-1
1-37
1897.
23-8
20-9
64-7
1-43
24-8
173
75'2
1-55
1895.
28-2
20-1
100-6
1894.
19-4
106
114
161
62-4
Total
1900.
1898.
1899.
1897.
1806.
Production.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
2,108,502,000 2,078,143,933 1,924,184,660 1,902,967,033 2,283.875,165
647.303,816 675,14 B ,705| 630,149,l:;8 487.6S4.316
Corn
Wheat
810.113,000
69,068,0
Rye
730.906,643
796,177,713
73,381.568
23,961,741
>0
24,028,000
698.767.800
66.685.127
27,363,324
65,798,2571
25,657,622]
707.346,404
60,605,223
24,360.047
S,518.968,796 3,41 1,689,787 3,225.933.361 3.512,970.185
The movement of breadstnffs to market as indicated in the
statements below is prepared by us from the figures colpcted by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Nov. 10,
md since Aug. 1, for each of the last three years have been:
essirts mt-
Wheat.
Flour.
Corn.
Oats.
Barley.
Burh
Bbls.lOSlbs Bush.QOlbt 3tt»h.66Ibs Bush.S2lbs
143 631
714.360
899,633
843.683
84,675
166,850
34,8(0
32.400
lllwaukee
699, S22
181.600
9,301
173.341
ninth
50,350
2.500
2.094.710
286,140
itnneapolls.
186.884
640,314
16,3?5
63,800
Coledo
27,674
74,735
letroit
4,200
78.974
216.201
88,714
leveland ...
267 092
.
Louts
It.
....
eorla
<tne«
Aut
lbs.
16,650
12.000
102.214
36412
137.410
12,930
31,200
7,600
66,000
67,660
2.000
237,789
11,250
29,800
316 655
532.000
426.400
106,000
48,000
4,552,453
2.886,620
2,078.530
1,581.273
6.516,690
3,668,191
8,124 365
1.010.588
154.125
10,177.149
5,411,077
8,257,311
1,601,281
267,885
437.706
381 573
391.315
tame wk.'OO.
tame wk.'es.
Su.66
iSlbt
44.715
Caniai City.
rot.wk.1000
ft*#.
600 349
606 660
'hioaeo
165,850
110,400
4,090
~91
582
1.
.
6.368 057
1000
1800
1898
09.518.368 58.453.073 60.681236
62.013.654
59,280 665
6.667,750 92.297,566 76,942.304
6.261,606 116.936,3 '7 C5.678.31-
19.828,030 2.021.827
15 778.735 3.781,203
l6.572,6-4 4,364,311
;
'
The receipts of flour and grain at the seaboard
week ended Nov. 10 1900, follow
;he
ports for
,
F.ow.
Receipts
loston
Montreal
Philadelphia
Baltimore
.,
Oats,
bush.
fl»rl«*
Bvt,
bush.
bn»h.
bush
672.176
1.365 050
71-2,400
116.400
222 228
268 682
208 092
306 068
49F..303
15-010
1,000
1896H1
60.900
18-.570
106.448
74 706
64 50
50,000
64 076
t-8
233
Uohmond
<ew Orleans*
ewoort Kewi
50.405
Portland,
iVntat,
187-6
80,7c6
3.671
Norfolk
Galveston
Corn.
bush.
bbls.
172.976
63,?41
at—
<ewYork
16J
870,^48
2 ,180
374.100
42 857
90,000
f 68
7,866
107,200
11601
5.600
6,200
976
400
17.900
8 963
47.189
1,253
91.350
Me
Total week
1800
490.768
649.413
1.883.461
1,604.467
69.880
47,604
4.177,178
4,764,888
1.476,291
1.212.662
Ruoetpts do not lnoinde grain passing through
on through bills of ladlnu
800.857.400
816,688,107
Total receipts at ports from Jan,
ollows for four years:
eceipts
Of—
.bbli
lour
<«w
182,876
70.647
68.076
766.086
Orleans (or forelro
bush
fh«at.
ora
. .
Total grain.
2.O78.14M.0-3 1,924,184,66(1 1,902.907,933 2,2*3,875,185
to Nov. 10
compare
as
1807.
97.
82,878.911
8.0U
113 657 688
6 690
81,776.080
166,490 868
81.4lL.609
0.034 105
8,102.232
108,087,061
178,474,735
^4.0-9.«35
10,414 X10
6.168 808
13,260.689
9.616.088
884.088.674
876.185.509
891.814.708
868.083.022
1890.
18,8W,186
"88.3P8.468
164 6W 650
69.471.1.18
tats...
larler.
iyo....
1
1808.
18.218,278
1900.
18.962,488
175.840,4*4.
83 9*6 6H4
4.- OH.. 88
lu.8B7.0M
The exports from the several seaboard ports for the week
ending Nov. 10, 1900, are shown in the annexed statement:
Wheat.
Exports from— hush.
'wYork'... 611.6 9
66.163
lOitOn
Portland, Me.
212.2P6
•hlladelphla..
8.1 00
laltlmore
lew Orleans.. 203.000
Norfolk
4ewp'rtNeWf
Montreal..
..
JalvestoD
87.108
186.0OU
bush.
bbLs.
Oats
bush.
801456
86.717
33,061
7A.359
18,700
Corn,
6U.->72
687 418
Bf2.o»3
093.-05
90 000
4
31.4S0
81.-21
8.896
60.405
283.418
11419
....
..
tlme'90.. 1,703,166 4,lW»,ri.'0
By*.
bush.
Peas,
bush.
Burin,
bush.
14,24*
I
,601
80,001
4
•••••••
••••••••
mOO
••••••••
•••••
60,000
01,056
48.273
63,485
115.803
332.697
418.115
46.273
17,436
8J.-20
76.601
6U.6J2
*i
J,
'
1
....
«.»&7
Total week .T874.260 3,664 660
dame
flour,
6K8*0
.
Total U. 8
1898.
CROPS OF WHEA.T, CORN, OATS, RARLEY AND RYE.
*
1
106,893.'
...
1898.
Bushels.
212,249,341
247,160.332
1899.
25-3
16-6
88-6
1-35
orts
00
153,216,00
Kentucky.
Production.
1899.
1H00.
Bushels.
305
Production,
Potatoes
'Wt
four preceding years:
CORN CROP FOR FIVE TEArS.
Corn.
1900.
Corn
bushels. 25-3
Buckwheat-.bushels. 15-0
Fri.
26
26
26
26
26
25%
Ho. 2 mixed in elev.
28ifl
28*8
28^
28*3
28*9
28H
No. 2 White in elev
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Fri.
Wed. Tkurs.
Sat.
Mon. Tues.
2178
22
22
22*4
22*6
22 »e
Deo. delivery in elev
2378
24*4
23 7s
24
24^3
24
May delivery in elev
Rye has been neglected. Barley has been in fair demand
Buckwheat has been^ steady with
at steady to firm prices.
moderate sales to exporters.
Following are the closing quotations:
FLOUR.
Patent, winter.... $3 80 ®4 00
$2 20 92 35
Bine
City mills, patent.. 4 20 ®4 70
2 40 ®2 50
Superfine
Ryefloar.superfine 3 00 ®3 60
2 50 •3>2 60
Extra, No. 2
Buckwheat floor.. 2 10 92 20
2 40 ®2 80
Extra, No. 1
Corn meal2 90 ®3 35
Clears
2 25 ®2 35
Western, eto
3 40 ©3 90
Straights
2 40
Brandywlne
3 90 94 70
Patent, spring
(Wheatnour in saoks sells at prices below those for barrels.)
GRAIN
0.
o.
Corn, per bush.—
o.
0.
'Wheat, per bnsn.—
43%®46%
Western mixed
Hard Dnluth, No.l 85 78 »87%
44>4*4634
No. 2 mixed
N'thern Dnl., No.l 81 3s»83%
Western yellow
453s »47m
Red winter, No. 2 77^*79
Western white
453s 047 1*
Hard N. Y. No. 1. 84 7s**6%
Rye, per bushOats— Mix'd.p.bush. 25*2*28 13
Western
51 ®54 1a
28 ®34
White
»
State and Jersey
26 ®27
No. 2 mixed
28^-8129
56 a>64
Barley— Western
No. 2 white
Feedinsr
41 ©47
Agricultural Department's Report —The Agricultural
Departmeut's leport on the cereal and other crops was issued
on November 15, and is given below.
The preliminary estimate of the average yield per acre of corn in
19 OO, as published in the forthcoming mouthly report of thu Statis-
as follows:
is
AVERAGE YIELD PER ACRE.
2,461
801,210
361,716
115,208
Wit!
aniu
w
1
November
The
THE CHRONICLE.
17, 1900.]
week and
destination of these exports for the
1, 1899, is as below:
since
September
-#Jo«r.-
MxvorUfor
Wttk
m*tk and tine* Nov, 10.
bi
8evt. I to—
United Kingdom 208 926
Continent.
& 0.
Other oonntrlei
Total
Total 1898-09....
808.209
861.786
Weit Indies
Br.N.Am Colo'l
We*h
I.
Ctrn.
r-
.
Wtek Sinn 8
Bine* 8»9t
Nov. 10
190O.
1
Nov.
1900.
10.
tt
1, 1900.
•h
18.00S.813 l.flOO 294 15 767,078
6,466,026 1,991 6^4 12.291.H8i
7i'.843
1,214
3,779
18.700
131,862
a.Ooo
93.82b
114,997
56,7«l>
207,379
665,803
671,841
8,36(1.348
48 676
America.
IS.6'2
27,*07
6.797
8,091
B.
Whtat.
i
Sine* Stmt.
439,396
201.667
283.105
31.338
38,638
37.106
18,592 614 3 664,e69
25.050.606 4,123,620
1,274.250
1,763.166
8,305,282
3.163X36
28,662.408
42.322 880
The visible supply of grain, comprising the stocks is
granary at the principal points of accumulation at lake and
seaboard ports, Nov. 10, 1900, was as follows:
Wheat,
In *tor« at—
Oaf,
Corn,
buth.
7.264,000
bush.
476.000
Boiton
1,143000
203.000
Philadelphia
637.000
1.603 000
4I6.00C
1.0c2,000
399.000
97/>oo
2,890,000
666000
Hew York
Do afloat...
Baltimore
New Orleans
Galveston
Montreal
Toronto
382.000
ii'i.ooo
963.0
1,285.000
'28,000
"2,000
600,000
'45,000
141,000
64000
13,084,000
1.66i,6bo
8,438.00*6
689.000
846.000
'41,6'C0
410,000
5.000
88,01
70,000
603,000
159.000
95600
11.000
107,000
1.824.O00
45,000
13 000
13,000
afloat
131
'iKboo*
•
156000
...
.
Do afloat
Ofcloago
Do afloat
Milwaukee
Do
afloat
Bt-WlU'mAPt. Arthur
Duluth
l,0S6,OO0
7.167 .000
'
19,000
71,001
(
afloat
Minneapolis
Bt Louis....
afloat
105.""'
31,000
....
'
1,741,000
Peoria
Indianapolis
11,000
On Mississippi RiTer.
OnLakes
On eanal and river.
. .
'
82,000
8.000
42.000
514.000
""e'.ooo
1,000
20.C00
298, "in
50.000
82, "OO
4<-,000
110. 00
91H.000
33.000
1,349,000
224.000
21,000
i 18,000
247,00*
00
870.000
186,.
print have been advanced }4 cent, to 4*4 cents, but
no announcement has been made concerning indigo blues. A
few others have made revised prices on blacks and grays, but
the majority have not as yet made announcements on light
fnncy work. Jobbers are said to be selling prints at present
price wherever the opp r'unity offers ratber than wait for
increased prices. The print cloths market is quie-t bat steady
an old prices, regulars being quoted at 3J^ cents for 64-equares.
A small business has been noted in 38% inch 64-square cloths
4%
at
cents.
Woolen Goods. — Reports
of very low prices on spot
woolens have been received by the local trade, which may
account in part for the increased movement in these qualities.
The cooler weather maybe made partly resp >nsible,
-s clotbiers's stocks of heavy-weights are not large, and
should a tair late demand spring up it might be difficult to
secure all the goods necessary on schedule time. Agents
are anticipating a fair duplicate business, though a great
deal depends upon the success of wholesale clochiers' trav-
many of whom are at present visiting their trade.
Overcoatings of the better order are moving with more
freedom, hough orders are for small quantities, which
would se^m to indicate that stocks in buyers' hands are
light.
Spring dress goods are moving a little more rapidly,
and the jobber is commencing to put his men on the road
with advance samoles. Plain sheer fabrics are among the
most favored articles. Flannels and blankets are firm
elers,
Nov.
10, 1900* 60.703
Nov.
Nov.
Nov.
11
^V.
'
12,948,000
6.276,000
Kansas City
Total
Total
Total
Total
Total
8,000
124, ,w
473,000
1,321,000
.
Detroit
Do
'44,0*00
cede to buvers' attacks. On heavy grades of staple brown cottons a slight irregularity is noticeable, especially on 3-yard
and standard sheetings and drills. Although 3 yards are
currently quoted at 5%c, there are reports of transactions at
5i^c, while re-sales of export qualities have been made at
Little demand is noted in the export field,
534c. and below.
but mills are not radically curtailing. On this account there
is some uneasiness expressed at the accumulation of stocks.
L'ght and finer qualities of brown sheetings are quiet, but
prices are firm. Ducks and osnaburgs show no development
of movement, though prices are firm. Denims continue
qniet, with a difference between buyers and sellers regarding prices. Linings are unchanged. K<d fiDished cambrics
*re still quoted at 8f£c, with an indifferent demand in progress.
An advance h-is taken place in certaia lines of staple
prints.
American indigo blues have been put at i.% cents,
Merrimack
with other grades advanced in proportion.
Hhirtina;
682.000
643.000
690,000
1,148.000
206,000
bit*
398.00<
afloat
Toledo
Do
bUS A.
23,000
173,000
2,000
666.000
Buffalo
Do
Do
Bar in.
buth.
1,849,000
1029
000
6,785,000
12.812 000
1900* 60 034.000
T.^.000
1.W.000
12,fli-6,0<'0
lh9fr+ 62 5*2 000
12, 189J-+ 19.1W4.000
13, 1897+ 31.973,000
ll.S3fl.000
6 7(6 000
23.529 000
43,440 000
6.499,000
14.2e8,000
1.100.000
1,251,000
1 .021.000
3,797,000
3,
3.509 000
3,"1 l.OOl
2.6*1.001
3.3410U
4.324,001
+ Includes stocks In private elevators at Milwaukee.
•Stocks In private elevators at Milwaukee not laoiuded
Note.— BesmninK July
1,
1899, the
New Fork Produce Exchange has changed
Visible Supply Statement by inclu ing stocks at
Ft. William and Pt. Arthur (previously omitted)
Oswego and Cincinnati, formerly Included.
Its
New
Orleans, Galveston.
and leaving out Albany
i
though quiet.
Foreign Dry Goods.— Batistes, veilings and crepes are
beiDg taken with lair treedom by dress goods buyers. Silks
and ribbot s are unchanged, the former showing little develNew York, Friday, P. M., Nov. 16, 1900. opment with the exception of printed effects Linens are
Market conditions show a slight improvement over the last tending against the buyer. Burlaps are unchanged at firm
two or thre e weeks, and thongh there is no general activity prices, with small stocks and forward deliveries higher.
yet, there is a feeling of increased hopefulness and faith in Importations and Warehouse Withdrawals of Dry Goods
the situation. The inactivity of the few days immediately
The importations and warehouse withdrawals of drj goods
subsequent to election caused some holders to weaken in their at this port for the week ending Nov. 15, 1900, and since
ideas, which has continued in a few certain qualities, but for January 1, 1900, and for the corresponding periods of last
the most part where beiore sellers have shown any inc ina- year are as follows:
THE DRY GOODS TRADE.
tion to accede to the
demands
of buyers, this position
r
as
changed somewhat and the buyer is discovering that it is
impossible to weaken the agent in his opinions. On
some of the heavier and cheaper grades of cottons manufacturers are said to be accumu'ating stocks
under the small demand in progress, and in consequence
are becoming rather uneasy, though no open reduction
has been made.
The principal feature of the week has been
the naming of new prices on staple prints. These figures
show a slight advance, but not as mucb as was generally expected. The business done at old figures makes possible a
dragging market for some time to come, with buyers well
filled up vith stocks at the old level.
Carpet prices have
also been announced during the week, an advance of about 5
per cent being recorded.
The opening days proved very satisfactory o sellers, a large business having been booked. In
ingrains the siiuation is not as encouraging, for it has been
impossible to secure an advance, and although quotations
have not been openlv made, it is reported that the eoods are
selling on a basis of last season's closing prices, which are
2^4 cents down from the opening level.
Domestic Cotton Goods. —The exports of cotton goods
from this port for the week ending Nov. 12 were 2.498
packages, valued at $151,882, their destination being to the
points specified in the tables below
t
o
"to
S»
»
>
-4
New York
to Nov. 12
Week. Since Jan.
Great Britain
....„
15
3
120
West Indies
Central America
South America
Other Countries.....
Total
161
502
48
322
1,201
126
2,498
1.
TVeeA.
Since Jan.
CO
COM
coo
3
—
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03
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CO
coco
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2,048
1,430
140,462
11,158
25,441
3.762
25,753
2.762
10,705
41,825
7,857
15
33
8,022
12
2,132
175
361
75
H91
215,6t 9
3,090
44 370
13,778
26.196
4,066
136
420
130
9,379
37,515
6,956
273,203
11,511
363.722
1,812
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00 00
§
:
——
——
———— — — —
— — — —
THE CHRONICLE.
1030
State
m®
City Uep^ptment,
TERMS OF SUBSCRIPTION
Interest on the above bonds will be payable semi annually.
successful bidder will be required to make a deposit
equal to \% on the amount of bonds offered.
Canyon County, Idaho.— Bond Election.— On December 8
a special election will be held to vote on the question of issuing $38,000 bonds to pay off outstanding warrant indebted-
The
The Investors' Supplement will be furnished without ness.
extra charge to every annual subscriber of the Commercial
Canyon
and Financial Chronicle.
The State and City Supplement
will also be furnished
without extra ehargeto every subscriber of the Chroncile.
The Street Railway Supplement will likewise be furnished without extra charge to every subscriber of the
Chronicle.
The Quotation Supplement, 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
includes postage.
Terms of Advertising— (Per Inch Space.)
Transient matter <eachtime)$4 20 Three Months (13times)..$2900
Six Months
(26times).. 5000
STANDING BUSINESS CARDS.
$22 00 Twelve Months (52times). 8700
Two Months (8 times)
Michigan.
Amendment
Carries.
to the State Constitution
—According to local papers the amendment to the State Con-
stitution providing a new method of assessing the railroads
(referred to in the Chronicle Oct. 20) carried by a large ma
jority.
Bond Calls and Redemptions.
Warrant Call. — Thomas
Xnltnomah County, Oregon.
Scott Brooke, County Treasurer, has called for payment county warrants, Class " 36," drawn upon the general fund that
were presented and indorsed " Not paid for want of funds"
from Nov. 30, 1899, to Jan. 9, 1900, both dates inclusive.
Interest has ceased.
Thomaston, Knox County, Me.— Bond Call.— Notice has
been given that interest will cease on Dec. 31, 1900, on bonds
Nos. 21 to 24, inclusive, issued July 1, 1881.
Bond Proposals and Negotiations
this
week have been as follows
Amboy, Minn.— Bond Offering.— Proposals will be received
until 8 p. m, November 22, by F. A. Cornell, Village Re:
H 5-year bonds. Interest will be payable
Mass.— Note Sale. — We are advised that the
corder, for $4, 500
semi-annually.
Amesbnry,
$5,000 1-5-year public-library notes mentioned in the Chronicle May 19 have been sold at private sale to Roger*, Newman Tolman, Boston.
Attleborough, Mass.— Bond Sale.— An issue of $30,000 %%%
20-year school bonds has been awarded to Estabrook
Co.,
Boston, at 105*389. Following are the bids received
&
&
:
105 389 Blodget. Merritt & Co., Boston. 104'72
& Co.. Boston
& Burr, Boston 105-165 Jose, Parker & Co., Boston
104 «';2
105"03
R. L. Day & Co.. Boston..
104-567
Adams & Co., Boston
1O6012 Parkinson & Burr, Boston
104'377
N. W. Harris & Co.. Boston
Blake Bros. & Co., Boston
10371
Rogers, Newman & Tolman, Bos.l04 76
Beaver, Pa. Bonds Voted.— We are advised that the election held November 6 to vote on the issuance of $27,000 4$
refunding bonds resulted in favor of the bonds.
Benton County, Ind. Bond Sale.— On November 5 the
$5,000 Q% 5-year asylum bond was awarded to Rudolph Kleybolte & Co., Cincinnati, at 110. Following are the bide
15,325 00
R. Klevbolte & Co.. Cincin. .$5 500 00 First Nat Bank, Fowler
Trowbridge & NiverCo.. Chic. 5,4ns 00 Duke M. Farson, Chicago
6,26000
6.S69
00
Cincin
New
1st
Nat.
Mayer,
B'k,
&
Columbus..
6,250 00
SeasonKOOd
W.J. Haves & Sons, Cleve.... 5,3fi0 00 Mever & Riser, Indianapolis.. 5,226 00
W. R.Todd & Co., Cincinnati. 5,350 00 First Nat. B'k, Barnesville.... 5,156 uO
-
Hstabrook
-
Perry, Coffin
-
:
.
.
.
.
For description of bonds see Chronicle Oct. 27, p. 876.
Blackhawk County, Iowa. Bonds Voted.— Local reports
state that at the election held November 6 the proposition to
issue $115,000 bonds for a courthouse, county jail and sheriff's residence carried.
Bradford, Pa.— Bonds Voted. This city has voted in favor
of issuing $34,581 75 bonds for the purpose of building three
bridges, a bell tower, two hose houses and funding certain
floating indebtedness.
Buffalo, N. Y.— Bond Safe.— Telegraphic reports state that
on November 16 the $450,000 V/^% Main and Hamburg Street
Canal and $10,927 13 Vyi% grade- crossing bonds were awarded
Co., Bo? ton, at their
to Estabrook <fc Co. acdR. L.Day
joint bids of 103-54 and 105 94, respectively. The $200,000
%%% school bonds were awarded to the Erie County Savings
—
&
Bank
of Buff alo at 103-56.
Kucjrus, Ohio.— Bond Sale.—On November 7 $2,000 Q% 25-year street bonds (amount reduced from $a,500) were
awarded to the Bucyrus City Bank at 105-05. Following are
[Vol. LXXI.
County (P.
Nampa, Idaho), School
District No.
be received until 12 M.,
November 27, by
gold
T. Hamill, Clerk, for $l,2u0
bonds Securities will mature $600 in five years and $600 in
ten years from date of issue.
Carson County, Tex.— Bonds Voted. The issuance of $15,000 bonds has been authorized by the voters of this county.
Champaign County, Ohio. Bond Sale.— On November 1
the $13,320 b% bonds were awarded to the National Bank of
Urbana at 102 17. Following are the bids
Premium.
Premium
Nat. Bank of Urbana
$2^-9 50
R. Kleybolte & Co., Cincinnati.. $236 00
Denison, Prior & Co., Cleve
289 00 8. A. Kean, Chicago
206 39
W.J. Hayes & Sons, Cleve
265 00
For description of bonds see Chronicle Oct. 6, p. 721.
Cherry County, Neb. Bonds Voted.— AX the recent election the issuance of $15,000 court-house bonds was authorized.
Christian County, 111. — Bonds Voted.— This county, by a
majority of 984 votes, recently authorized the issuance of
$75 000 bonds for a new court house.
Cincinnati, Ohio. Bond Offering.— Proposals will be received until 12 M., December 13, by the Board of Public
S-rvice, care of Paul M. Millikin, City Auditor, for $100,000
'6%i street-improvement bonds. Securities are in denomination of $i0t', dated Dec. 1, 1900. Interest will be payable
semi- annually at the office of the City Treasurer. Principal
will mature Dec. 1, 1920, subject to call after Dec, 1, 1910.
A certified check for 5% of the gros9 amount of the bonds bid
for, payable to the City Auditor, must accompany proposals.
Cleves, Ohio.— Bond Sale. Seasongood & Mayer, Cincinnati, were the successful bidders on November 9 for the
$1,257 b% 1-10-year (seiial) sidewalk bonds, paj ing therefor
104*41.
Following are the bids
SeasoDsood & Mayer. Cincin.. $1,312 43 P. 8. BrtegsA Co.. Cincinnati.. $1,294 60
W. R. Todd & Co.. Cincinnati. 1,308 Oj 8. A. Kean, Chicago
1,257 00
For description of bonds see Chronicle Nov. 3, p. 930.
Coles County, 111.— Bonds Defea ted.— Press reports state
that the proposition to issue $150,000 court-house bonds
failed to carry at the recent election.
College Hill. Pa.— Bond Election. This borough, a suburb of Beaver Falls, will vote on December 11 on the question
of issuing $12,1 00 electric- light-plan,, bonds.
Covington, Ky. Bonds Voted and Defeated. At the recent election the vote on the proposition to issue $75,000 electric light-plant bonds was 2,714 for to 1,171 against, while
2,040 was cast in favor of issuing $50,000 sanitary bonds and
The former proposition carried, while the lat1,156 against
ter failed, as it did not receive the necessary two-thirds vote.
lMmmit County, Texas. Bonds Approved. —The issuance
of $9,000 bridge bonds has been approved by the Attorney-
47.— Bond
Offering.
0.
—Proposals will
H
G
—
:
\
I
—
:
I
|
—
—
Greneral.
Duquesne, Pa. Bonds Voted.—The issuance of $20,000
bridge bonds was authorized at the recent election by a vote
ot 401 to 207.
East Cleveland, Ohio.— Bond Sale.— On November 3 the
($% sewer bonds were awarded to W. J. Hayes & Sons,
Cleveland, at 100*53. Following are the bids
$8,545 00 W. R. Todd & Co., Cincinnati. .$8,506 00
W. J. Haves & Sons, Cleve
R. Kleybolte & Co., Cincin.... 8,525 00 Denison, Prior & Co.. Cleve.. 8,505 00
For description of bonds see Chronicle Oct. 20, p. 824.
East Grand Forks, Minn.— Bond Offering. -Proposals will
be received until 8 P. M., December 4, by the City Council,
for $15,000 b% electric-light and water-works bonds. SecuriPrincities are in denomination of $500, dated Dec. 1, 1900.
pal will mature Dec. 1, 1930. A certified check, payable to
$8,500
:
I
I
Henry Harm, City Treasurer, for 10£ of the amount of the
bonds must accompany proposals.
East Pittsburg, Pa. Bonds Voted. This place voted
—
recently in favor of issuing $55,000 bonds for various improve ments.
Endora (Kan.) School District.— Bonds Defeated.
are advised that this district has voted agaiDst t*ie issuance
of bonds for school purposes and that the question will probably be again voted upon next spring.
Everett, Mass. Temporary Loan. -This city has negotiated a $50,000 4% 6 month loan with the Eliot National
—We
of Boston at 100*29. Loan is dated Nov. 10, 1900.
Fredericksburg, Xh.— Bond Sale.— This city has bold an
Bank
issue of $12,000 electric-light-plaut bonds.
Gowrie, Iowa. Bond u£ertng.— Proposals will be received
until 6 P. M., November 19, by E. W. Sorber, Mayor, for
$5,000 i% 10-20- year (optional) bonds. Securities are in denomination of $500. Purchasers are requested to furnish a
certified check with their bids equal to the amount of premium offered for the bonds. The purchaser of the bonds will
be required to furnish the blank bonds tree of charge.
Gravelotte (Ohio) Special School District No. 5.— Bonds
On November 6 a proposition to issue $12,000
Defeated.—
P. 8. Brlges * Co.. Cincin
bonds was voted upon and defeated.
house
school
For description of bonds see Chronicle Nov. 3, p. 929.
Ohio. Bonds Voted. — At the recent election
Hamilton,
Cambridge, Mass. Bond Offering.— Proposals will be re- the proposition to issue $12,000 crematory bonds received
ceived until 10 A. M. to-day (Nov. 17) by Wm. W. Dallinger,
1,400 majority and the $3,000 fire-engine-house issue received
City Treasurer, tor the following bonds
over 1,900 majority.
the bids
BucyrasCity Bank
$2,101 00
2,100 00
|
First Nat. Bank. Barnesville. .$2,048 40
|
:
$36,000 3J^« city bonds, maturing Nov. 1, 1910.
7,000 3$4# cemetery bonds, maturing Nov. 1, 1C10.
21.000 8Vti6 street bonds, maturing Nov. 1, 1920.
30,000 3li% water bonds, maturing Nov. 1, lb20.
60,000 3J6» park bonds, maturing Nov. 1, 194C.
Hancock County (P. 0. Sparta), Ga.— Bond Offering.—The
Commissioners of Roads and Revenues will sell at public
outcry at 10 a. m. November 20 $16,000 b% bonds. Securities
nil
— —— —
:
November
—
————— —
election 3,989 votes were cast in favor of issuing the $600,000
road and bridge bonds and 1,480 against.
Haverhill, Mass. Bond Sale. — On November 14 the $50,000 4% 27-year water bonds were awarded to N. W. Harris
& Co., New York, at 115-93— an interest basis of about 3-123^.
Following are the bids
N. W. Harris & Co., New York..] 1588
E. H. Rollins & Sons. Boston... 116-297
Perry. Coffin & Burr. Boston. ...116-783 Jose. Parker & Co., Boston
116*28
5-589
R. L. Day & Co., Boston
1
H. W. Poor & Co., Boston
11627
Adams & Co Boston
115-42
Blodget MerrittA Co.. Boston.. 11516
Thompson.Tenney & Crawford,
Blake Bros. & Co.. Boston
114 44
New York
nSil M ason. Lewis & Co., Boston
1 14-3D9
115-41
Estabrook & Co., Boston
114-385
J.
Hayes
Sons.
Boston
W.
&
Vermilye & Co., Boston
ilfa-34
R. Kleybolte & Co., New York..lUM9
For description of bonds see Chronicle Nov. 10, p. 981.
Hempstead, Nassau County, N. Y. Bona Sale.— The $100,000 5-29-year (serial) water and light bonds, bids for which
were received on November 12, have been awaided to Seymour Br cs & Co., New York City, at parlor 335# bonds.
For full desciiption of bonds see Chronicle Nov. 3, p. 930.
Highlands (Town), N. Y.— Bond Sale.— On Nov. 10 $9,000
4% bonds were awarded to George M, Habn, New York, at
105-30.
Twelve bids in all were received for the bonds.
Securities are in denomination of $500, dated Nov. 15, 1900.
Interest will be payable semi-annually on Feb. 1 and August
Principal will mature $500 yearly on Feb. 1 from 1902 to
1.
:
.
.
1919 inclusive.
Kenton, Hardin County, Ohio.— Bond Offering.— Propobe received until 12 M., December 4, by John P.
Dugan, City Clerk, lor $2,150 4% street- improvement bonds.
Security s are in denomination of $215, dated Dec. 1, 1900.
Interest will be payable semi annually on April 1 and Octo1
03!
Merced, Cal.— Bond Offering.—Full details are at hand
relative to the sale on December 3 of $40,000 5% gold t ewer
bonds. Bids for these bonds will be received until 11 A. M.
of that day by S. C. Cornell, City Clerk. Securities are in
dencmination of $1,000, dated Nov. 1, 1900. Interest will be
pajable tnnually at the office of the City Treasurer, and the
principal will mature $1,000 yearly on November 1 from 1901
certifud check for \% of the par value
to 1940, inclusive.
of the bonds bid for, payable to the President of the board of
trustees, must accompany proposals.
Montpelier, Vt. Bonas Authorized. The State Legislature has authorized the issuance of $45,000 school and bridge
A
—
bonds.
Nashville, Tenn.— Bonds Voted. At the general election
this city authorized the issuance of $150,000 electric-light
bonds by a vote of 4,502 to 667. and also an issue of viaduct
bonds by a vote of 3,525 for to 982 against.
New York City.— Bond Offering. Attention is called to
the official advertisement of New York City, elsewhere in
—
—
Department, offering for sale $5,333,965 14 3%% gold corProposals for these securities will be received
until 2 P. M., November 20, by Bird S. Coler, City CompFor full description see Chronicle Nov. 10, p. 981.
troller.
Following are the bids received Nov.
Niles, Ohio. Bids.
12 for $4,300 5% Park Avenue improvement bonds
this
porate stock.
—
:
Todd & Co.. Cincinnati. $4,378 CO
4,344 46
Lamprecht Bros. Co., Cleve.
W.
First Nat. Bank. Nlles
sals will
at the office of the City Treasurer.
mature $215 each
——
THE CHRONICLE.
17, 1900.]
are dated JaD. 1, 1901, and will mature $1,000 yearly on Jannary 1 from 1916 to 1931, inclusive.
Harris County, Tex. Bonds Approved.— At the recent
ber
—
six
months from April
1,
Principal will
1901, to Oct. 1,
1905, inclusive. Either cash or a certified check for $100
some bank in Kenton must accompany proposals.
on
$4,400 00
tfeder, Holzman & Co.. Clncln. 4,400 00
First Nat.'B'k, Barnesville.
4,360 Oo
R.
.
.
. . .
Norwalk, Ohio.
in favor of issuing
Bonds Voted.
:Q
—
This city recently
,000 electric-lieht plant bonds.
voted
Ohio State University.— Bids Rejected— Bond Offering.—
all of which were rejected, were re8 for the $30,000 4%% refunding bonds:
The following bids,
ceived on November
Ohio Nat. Bank, Columbus... $32,4 >.0 76
R. Kleybolte& Co.. Cincin... $32.180 00
Ferter, Holzman & Co..Cin... H2.133 76
31,972 00
Denison. Prior & Co.. Cleve
Keasongood & Mayer. Otncin. 31,886 80
City Savings Bank, Alliance. 31,790 00
'
W. J. Hayes &
32,314 Oo
New 1st Nat. B'k. Columbus.. 32,310 50
German Nat. Bank, Cincin... e>2,232 00
Lamprecht Bros. Co.. Cleve. 32,202 00
Sons. Cleve.
.
.
.
.
Killingly, Conn. Bond Offering.— At a recent town
meeting the issuance of $125,000 3%% gold bonds to fund outProposals are again asked for until November 22, For full
standing indebtedness was authorized. Securities will be description of these bonds see Chronicle Oct. 20, p. 825.
issued in denomination of $1,000, dated Dec. 1, 1900. InterO'Fallon (111.) School District.—Bond Off ering— Propoest will be payable semi-annually at the National Bankof the sals will be received until 8 p. m., December 3, by the SecreCommonwealth, Boston, and the principal will mature Dec. tary of the Board of Education, for $10 000 5% school-house
Proposals for these bonds will be received until bonds. Securities are dated April 2, 1901. Interest will be
1, 1920,
12 m, Nov. 26, by Frank T. Preston, Town Treasurer. The payable annually at the office of the Township Treasurer.
successful bidder will be required to furnish bonds without Principal will mature $1,000 April 2, 1906; $3,000 April 2,
charge to the town.
1W1; $3,000 April 2, 1916, and $3,000 April 2, 1921. A certiLawrence, Mass. Bond Sale.— On November 9 $25,000 3% fied check for 3% of the amount bid, payable to the Secresewer bonds were awarded to E. H. Gray & Co., Boston, at tary, must accompany proposals.
101-67— an interest basis of about 3-i89#. Following are the
Omaha, Neb. Bonds Voted.— At the recent election the
bids
issuance of $75,000 street and $75,000 sewer bonds was
E. H. Gay & Co., Boston
authorized.
10167
Essex Savings Bank
We are advised that these bonds will be issued
10P45
101-64
Estabrook & Co.. Boston
R L. Day & Co.. Boston
101427 in 1901 and 1902 in such sums as may be needed for the imJose, Parker & Co., Boston
lui-57
Blodget, Merritt &Co., Boston. .101-42
Lee, Higginson & Co., Boston.. 101-538 Adams & Co.. Boston
provements.
n P41
R. Kleybolte & Co., New York..lOP53
Parkinson & Burr. Boston
101-38
Omaha (Neb.) School District. Bonds Voted.— At the
Geo. A. Fernald & Co.. Boston.. 101-617 N. W.Harris & Co., Boston
10P335
Rogers,Nevfman&Tolman.Bost.lul-504 Blake Bros. & Co.. Boston
general election the issuance of $40,000 4$ 20-year high-school
10V2O
Perry, Coffin & Burr, Boston.... 101-48
Denison, Prior & Co., Cleve
101-033
bonds was authorized. These bonds will be dated Jan. 1,
Twenty bonds are in denomination of $1,000 and ten of 1901. Interest will be payable semi-annually in New York
$500 each, all dated Nov. 1, 1900. Interest will be payable City.
semi-annually at the Eliot National Bank, Boston. PrinciOwensboro, Ky. Bonds Voted. At the general election
pal Will mature $2,500 yearly on November 1 irom 1901 to the proposition to issue $200,000 4% 10-30- year (optional)
1910, inclusive.
water bonds carried. Securities will be dated Jan. 1, 1901,
Lawrence County, Miss.— Bond Sale.— On November 5 the and will be offered for sale about Dec. 15, 1900.
5-10- year (optional) bridge bonds were awarded to
$16,000
Paris (Texas) School District. Bond Sale.— We are adN. W. Harris & Co., Chicago, at 107-38. For description of vised that the $19,500 school-building bonds recently regisbonds see Chronicle Oct. 20, p. 824.
tered have been sold.
Lexington, Ky.—Bonds Defeated. At the recent election,
Perry County, 111. Bond Vote. The vote at the election
according to local papers, the proposition to issue $200,000 November 6 on the question of issuing $175,000 4£ refunding
city-hall and $32,000 paik bonds were defeated.
bonds was 2,368 in favor and 1,362 against their issuance.
Lexington (Ky.) School District.— Bonds Defeated.— The We are advised that there were 1,100 persons voting at the
issuance of $50,100 school bonds failed to carry at the recent election who did not vote on the bond proposition, and that
election, according to local reports.
there is some doubt whetner it takes a majority of all the
Livingston County, Mo. -Bonds Defeated —This county votes cast at the election to authorize or only a majority of
has voted against the issuance of $50,000 court-house bonds
the votes cast on the bond proposition.
Louisville, Ky.— Bonds Voted.—The issuance of $500,000
Plymouth County, Iowa. JSo Bonas Probable.— We are
park and sewer bonds was authorized at the recent election. advised that at the election held November 6 the proposition
Lowell, Mass. Loan Authorized.—The Council has au- to build a $40,000 court house carried, but that it will probthorized a loan of $10,700 for improvements.
ably not be necessary to issue bonds.
Luverne, Minn.— Bond Sale.— On November 3 the $10,000
Portage, Wis. Loan Authorized. The City Council has.
5% 20-year sewer bonds were awarded to Stoddard, Nye & arranged for a loan of $18,000 from the State for a new city
Co., Minneapolis, at 111 75— an interest basis of about 4'13#. hall.
For description of bonds see Chronicle Oct. 27, p. 877.
Port Gibson, Miss.— Bond Sale.—On November 5 the $12,Lynn, Mass.—Bonds Authorized.—An issue of $25,000 000
bonds were awarded to Seasongood & Mayer, Cincinwater-supply bonds has been authorized by the Board of Al- nati, at 106 -066. For description of issue see Chronicle Oct.
dermen.
20. p. 825.
McLean County, 111.—Bonds Voted.—The proposition to
Rncine, Wis.— Bonds Voted.— The vote in favor of issuissue $400,000 4% court-house bonds, submitted at the recent ing $5o,000
paving bonds at the recent election was 3,838,
election, carried by about 3,300 majority.
while the negative vote was 1 ,790.
McLennan County, Tex.— Bond Sale.— It is stated tbat the
Kamapo (N. Y.) School District No. 1.— Bond Sale.— On
State Board of Education purchased on Nov. 8 $70,000 bridge Nov. 15 $10,000
4% school bonds were awarded to Geo. M.
bonds of McLennan County.
Hahn, New York, at 102-80. Following are the bids
102*25
Marshall School District No. 1, Calhoun County, Mich. George M.Hahn, New York
10280
Geo. C. WuiteJr., New York
102 0ft
James N. Brown & Co., N. Y
Bros. Co.. Cleve. ..1027?
—Bona Sale.— The $£5,000 4% 10-year school bonds men- Lamprecbt
York
lOl'OO
R. Klevbolte&Co.. Cincinnati .102 59
I. W. Sherrill, New
tioned in the Chronicle Oct. 6 have been sold to the Com- W. J Hayes & Sons, Cleve
102"2y
mercial Savings Bank of Marshall at 101-288.
Securities are in denomination of $1,000, dated Nov. 15,
Memphis, Jenn Bond Offering.— Proposals will be re 1900. Interest will be payable annually and the principal
ceived until 12 m., Dec. 6, by W. B. Armour, City Secretary, will mature $1,000 yearly on November 15 from 1901 to 1910,
for $250,000 4% park bonds.' Securities are issued under au- inclusive.
thority of Caapter 142, Laws of 1899. They are in denomRocfe Island, 111.— Bond Sale.— It is stated that the $40.ination of $5U0, dated Jan. 1, 1901. Interest will be payable 000 5% 5-12 year (serial) water bonds, bids for which were resemi-annually in Memphis or in New York City. Principal ceived on November 5, have been sold at 102-089. For dewill mature Jan. 1, 1931.
scription of bonds see Chronicle Nov. 3, p. 931.
.
—
H
—
—
—
H
:
I
|
I
.
—
|
—
-
—
—
THE CHRONICLE.
1032
Salem, Iiid.— Bond Sale— Oo Oct. 31 $5 500 5% school bonds
were awarded to Campbell, Wild & Co., Indianapolis, at 103.
Securities are in denomination of $500. Interest will be payable January 1 and July 1 at the office of thf> Town Treasurer
or at the Western National Bank of New York City. Principal will mature in 15 years, subject to call after 5 years.
Salem, Mass.— Bond Sale —The Sinking Fund has taken
an iesue of $3,275 %%% municipal bonds of this city. Securities are dated Nov. 1, 1900. and will mature in one year.
Santa Barbara (Cal.) S< hool District.—Bonds Voted.—
This district en November 5 voted in favor of issuing bonds
for a
new high
school building.
Schuyler County, 111.— Bonds Voted.—The proposition to
00 jail bonds carried at the recent election.
Sedgwick County, Kan.— Bond Election.— At an election
issue $12
:
(
to be held November 20 the question of is-uing $80,000 A.% 1020-year (optional) bonds in aid of the Kansas City Mexico &
Orient Railway will be voted upon
Shelby County, Ohio.— Bonds Defeated.— The issuance of
bonds fcr the purchase of fair grounds was defeated at the
recent election.
Stewart, McLeod County, Minn.—Bond Offering.— Proposals will be received until 1 p.m., Novtmbtr 24, by the
Village Council, for $7,000 5% water-works bonds
Securities are in denomination of $7(0, dated Dec. 1, 1900.
Interest will be payable semi-annually and the prircipal will ma
ture one bond yearly on Decfm her 1 from 1910 to 1919, inclusive. Ernest Baumgarten is Village Recorder.
Summit County, Ohio.— Bonds Defeated.— The proposition
to issue bonds for a court house was voted down at the recent election.
Syracuse, N. T. Loans Authorized and Negotiated.— The
Common Council has authorized loans aggregating $816,000
in anticipation of the collection of taxes for 1900. Loans are
for the purpose of retiring various notes maturing during the
NEW
[Vol.
month
of November. These loans, we are advised, were only
authorized in case the tax of 1900, on which the old loans
were issued, was not collected sufficiently to meet them when
due. It was found that only a loan of $163,000 was necessary, and this has been negotiated through Duns.omb&
Jennison, New York City, at 4'90#.
Thief River Falls, Minn.— Bond Sale.— Following are the
bids received November 5 for the $4,500 5% 15 year gold electric-light plant bonds:
J. D. Cleghorn & Co., Minn.
.$4,680 00 Minn. L. & Tr. Co.. Minn'lis.. .$4,625 00
Stoddard, Nye & Co., Minn.... 4,680 00 Trowbridge* NiverCo.,Chic. 4,607 60
. .
I
K Klevbolte <S Co.. Cincin....
Kane <s Co., Minneapolis
4,«56 00
4.650 00
S.
A. Kean, Chlcaao
4.622 60
|
For description of bonds see Chronicle Oct. 27, p. 878.
Toledo, Ohio.— Bond Sale.— On November 9 the $100,000
3*4% park bonds were awarded to Hooker, Nickerpon & Co.,
Hartford, at 103 825— an interest basis of about 3-296$. Following are the bids
Hooker, Nlckerson & Co.,
Denlson, Prior & Co.. Cleve. $1"2,050 00
Hartford
$103,825 03 P. S. Briegs & Co.. Cincin.... 1' 2.O60 00
R. Kleybolte & Co .Cincin.. 103.127 00 W. R. Tood &< o.. Cincin.
101850 00
I
I
I
New 1st Nat. B'k Columbus. 10H.040
Seasongood & Mayer, Cin... 1(2,628
102,320
Parson & Lose
Feaer. Holzman & Co.. Cin.. 102,300
Bonds mature June
icle Oct.
1,
00
75
00
00
!
,
.
W J. Hayes & Sons, Cleve. 101,' 00 00
Lamprecht Bros. Co.. Cleve. KO.SHiOOO
Spitzer & Co.. Toledo
100,027 00
I
For
1930.
Chron-
full description see
27, p. 878.
Two Harbors, Minn.— Bond Offering.— Proposals will be
received until 8 P. M., November 19. by
T. Hmnon, Village Recorder, for $5 500 5% 10-year water and light-improvement bonds. Interest will be payable semi-annually. The
bonded debt now outstanding is $30,000, all for wa^er purThe equalized valuation is $360,686 and the real value
poses.
M
about $1,200,100.
Tyrone, Pa. Bonds Voted. The voters of this borough on
November 6 authorized the issuance of $100,0< bonds for the
purchase of the property of the Tyrone Gas & Water Co.
—
INVESTMENTS.
LOANS.
«VVVVK'VVV»^\"AIVVVV\i\VrfVVVVNA' l^^AAJ>^AMMMAV
l
PROPOSALS FOR
We
$5,333,9(55.14
own and
subject to sale,
$150,000
OF
3H%
Stock
Corporate
OF THE CITY OF NEW YORK.
Exempt from all Taxation in the State of New
offer f
CITY OF
6%
CHICAGO
IMPROVEMENT
York,
BONDS.
except for State Purposes.
—
Principal and Interest Payable in Gold.
EXECUTORS ADMINISTRATORS, GUARDIANS. AND OTHERS HOLDING TRUST FUNDS ARE
AUTHORIZED BY SECTION 9 OF ARTICLE 1 OF CHAPTER 417 OF THE LAWS OF 1897
TO INVEST IN THIS STO CK.
SEALED PROPOSALS WILL BE RECEIVED BY THE COMPTROLLER OF THE CITY OF NEW
YORK at his office, No. 280 Broadway, in the City of New York, until
Tuesday, the 20th Day of November, 1900,
Stock of the City of
at 2 o'clock P M for the whole or a part of the following-described Registered
per
annum, to wit:
THREE
AND
ONE-HALF
CENT,
PER
of
the
rate
New York bearing' interest at
Denomination $1,000
$100
due serially in from one to four
years. These bonds are issued
for improving various streets in
first-class business and residence
localities.
,
STOCK OF THE
2,000,000 OO CORPORATE YORK,
*
FOR ACCITY OF NEW
REQUIRED B OR
NDS.
QUIRING LA
A PUBLIC PARK BOUNDED BY
HOUSTON, STANTON. PITT, AND
SHERIFF STREETS.
1940.
'
'
Principal payable November
1,
OF THE
U4SB
R86 30 CORPORATE STOCK F0R
fShb.SSto
of NEW yORK
INFOR
REQUIRED
QUIRING LANDS
BY
^Y
'
A PUBLIC PARK, BOUNDED
ELEVENTH
ONE HUNDRED AND AND
AND ONE HUNDRED FIRST FOURAVESTREETS,
TEENTH
NUE, AND THE EAST RIVER.
Principal payable November
1,
1940.
OF THE
B600.000 OO CORPORATE STOCK
NEW YORK, FOR
CITY OF
SCHOOL HOUSES AND SITES
IN THE BOROUGH OF
BROOKLYN.
.^„
-
THEREFOR
Principal payable November
1,
1940.
OO CORPORATE STOCK OF THE
8150,000
XW
*
NEW YORK, FOR
CITY OF
SCHOOL HOUSES AND SITES
THEREFOR IN THE BOROUGH OF
'
-
QUEENS.
Principal payable November
1,
1940.
•500,000 OO CORPORATE STOCK OF THE
CITY OF NEW YORK. FOR THE
NEW EAST RIVER BRIDGE.
Principal payable November
A
r>e»o««it of
Or State
For
Bank
fuller
1,
1940.
$250,000 OO COBPORATE STOCK OF TH1
CITY OF NEW YORK, FOR THE
PAYMENT OF AWARDS, COSTS,
CHARGES, AND EXPENSES CERTIFIED BY THE CHANGE OF
POTTER,
CHICAGO.
&
Principal payable November
BIRD
1.
1920.
check on a National
in the
CITY RECORD.
application.
GRADE DAMAGE COMMISSION.
Principal payable November 1, 1940.
$200,000 OO CORPORATE STOCK OF THE
T. B.
CITY OF NEW YORK, FOR THE
ERECTION OF A SOLDIERS' AND
SAILORS' MEMORIAL ARCH IN
THE CITY OF NEW YORK.
172 WASHINGTON ST.,
Principal payable November 1, 1940.
$147,078 84 CORPORATE STOCK OF THE
CITY OF NEW YORK FOR ACQUIRING A SITE FOR A COURTHOUSE AT THIRD AVENUE AND
ONE HUNDRED AND SIXTY-FIRST
STREET. IN THE BOROUGH OF
THE BRONX.
Principal payable November 1, 1940.
$100,000 OO CORPORATE STOCK OF THE Blodget, Merritt
Co.,
CITY OF NEW YORK, FOR THE
IMPROVEMENT OF THAT PORBANKERS,
TION OF THE BRONX PARK ALLOTTED TO AND SET APART FOR
THE ZOOLOGICAL SOCIETY.
16 Congress Street, Boston.
Principal payable November 1, 1940.
THE
STOCK
OF
CORPORATE
$500,000 OO
15 Wall Street New York.
CITY OF NEW YORK, FOR THE
SANITARY PROTECTION OF THE
SOURCES OF THE WATER SUPPLY. STATE, CITY & RAILROAD BONDS
or eertiiied
PER CENT, (in money
TWO City
ot New York) required.
Information see
Price and special circular on
MUNICIPAL BONDS.
E. C.
Copies to be procured at No. 2 City Hall.
S. COLER, Comptroller.
OF NEW YORK.
THE CITY
DEPARTMENT OF FINANCE. COMPTROLLER'S OFFICE,
NOVEMBER 7TH. 1800.
121
STANWOOD &
Co.,
BANKERS,
Devonshire Street.
BOSTON.
I
——
November
——
THE CHRONICLE.
17, 1900.J
Van Wert, Ohio.— Bond Offering.— Proposals will be received until 2 p. M., November 27, by H. C. Rediup, Village
Clerk, for $19,000 4$ refunding bonds. Si-curities are in denomination of $1,000. Interest will be payable semi-annuPrincipal will
ally at the cffice of the Village Treasurer.
mature $10,000 Dec. 1, 1910, and $9,000 D^c. 1, 1915.
J eimont.— Bonds Proposed. A bill authorizing the State
Treasurer to issue Z% bonds for $10,000,000 for the building of
permanent bit hways, one half to be expended in 1901 and
one- half in 1902, is before the State Legislature.
Vicksbnrg, Miss. Bonds Authorized. The issuance of
$50,000 4# city-hall bonds has been authorized.
Vine Grove, Ky. Bonds Voted.— By a vote of nearly two
to one this place has authorized the issuance of $2,000 water
bonds.
Waco, Texas.— Bonds Defeated. This city, by a vote of
405 to 407, recently defeated the issuance of $20,000 sewer
bonds.
—
—
—
Wahoo, Saunders County, Neb.— Bond Sale.— This city has
sold at par an issue of $12,000 4%i bonds. Securities are in
denomination of $1,C00, dated Oct. 1, 1900. Principal will
mature $1,000 yearly on Oct. 1 from 1901 to 1912, inclusive.
Waller County, Texas.— Bonds Voted.— This county has
voted in favor of issuing $8,000 road and bridge bonds.
Watertown, Mass.— Loan Negotiated.— On November 12
the $40,000 temporary loan was awarded to the Eliot Na-
Bank
tional
Following are the
of Boston at 3*34% discount.
1033
Welland, Ont.— Dtbentwe Sale.— On November 2 the
H
1 20-year (serial) debentures were awarded to E. Lee
$3,500
of Wellar d at 100 14. Following ar*> the bids :
$3,505 H. O'Hara & Co., Toronto
$3,401
E. Lee, Welland
Central Canada L'n & Sav, Co... 3.406
special election will
VYellxvilie, onio. Bond Election.—
be held November 27 to vote on the issuance of $65,000 sewer
and $75,000 water boLds.
Whilesboro, N. ¥. Bond Offering.— Provwals will be received until 12 M., November 26, by the Village Clerk, for
gold sewer bonds. Securities are authorized by chap$40,0(
They are in denomination of
ters 321 and 322, Laws of 1900.
In$500, dated Dec. 1, 1900, and are exempt from taxation.
terest will be at a rate not exceeding 3**. Principal will
mature in 1931. subject, to call after 1921. Robert Ablett is
Village President. Bids for these bonds were received on
August 10, but all were subsequently rejected.
i
I
A
Yakima County, Wash.— Bonds Defeated.— Lacking 19
votes of the necessary three-fifihs required to authorize, the
issuance of funding bonds was defeated at the recent election.
STATE AND CITY DEBT CHANGES.
Waukesha, Wis.— Walter Hartshorne, Comptroller.
county seat of Waukesha County.
When Due. Bond, debt Jan.
LOANS—
This
city is the
I
Sewer Bonds5s, J & J, $1,000
1,
1900.
$87,650
|Sinkingfund
1,000
86,650
1901 Netdebt Jan. 1,1900....
1910 Assessed valuation, real.2,569,260
5s, Feb., 30,000
Assessed valuation, per'l 683,288
Public Btilding Bonds
3,252,548
1902 to 1911 Total valuation 1 900.
10,0(0
5s, J&J,
Assessment about ^ actnal value.
School Bonds—
1900 to 1901 Tax rate (per $1,000) 1^00. $23-00
5s, Feb., $2,500
9,000
.1£00 to 1904 Population in 1900 (eat)
5s, Feb., 10,150
1901 to 1918 Population 1890 (Census)... 6,321
4s, J&J, 31,500
Strket Impt. Bonds
I
bids:
Discount.
Eliot Nat iODal Bank. Boston.... 3 - 34%
Bstabroofc & Co., Boston.
8"i58%
Blodjtet, Merrltt & Co., Boston
3"50£
(and (5 premium)
.
.
Jose, Parker
&
Co.,
Boston.
Discount.
3'°4%
...
E.B.Warren
W. O. Gay& Co., Boston
Curtis
&
35(^
3-91-?
Sanger, Boston
3-&z%
INTEREST
A full list of
3*204.
next week.
Nov. 10, p. 981.
in
96. .March. '99-'08
payable at office City Treasurer.
M&S, $8,bl3
6s,
the bidders will be given
For description of these bonds see Chronicle
1<
.
—
Loan matures April 10, 1901.
Wauwatosa, Wis.— Bond Sale.— On November 13 the $20,000 4% sewer bonds were awarded to Fart on, Leach & Co.,
Chicago, at
. .
Woodland, Cal.— Jas.
Yolo County.
C. Harlan, Treasurer.
This city
is
When Due. Tax valuation 1900. .$2,400,000
LOANS—
Total tax (per $1,000) 190u. $28-30
Refunding Bonds 3,069
5s, g., A&O. $76,050 1901 to 1939 Population in 1890 was
2,257
Population in 1880 was
($1,950 due yearly in Oct.)
. .
—
Bond
Waverly, Ohio.
Offering. This village will sell at
1 p. M. November 24 a $1,000 Q% 16-year electric-light bond.
Interest on this bond will be payable semi-annually. S. D.
McLaughlin is Mayor of the village.
Total debt Nov.
I
NTEREST
1,
1900... $76,050 Population in 1900
office of City Treasurer.
4,509
(est.)
payable at
INVESTMENTS.
N.
W. HARRIS &
CO.,
LONDON AND PARIS
EXCHANGE,
BANKERS.
New York.
Boston.
Chicago.
Geo. D. Cook Company,
Ld.,
Bankers and Exchange Agents.
Issue Travelers'
HEAD OFFICE:
way, Gas and Electric
Companies. 24 Throgmorton St., London, E. C.
Letters of Credit Light
Governmtnt and MuAVAILABLE IN ALL nicipal Bonds Bought The exchange is prepared to entertain
PARTS OF THE WORLD. and Sold.
a proposal for the establishment of
Quotations furnished for purchase, sale or exchange
an Agency in New York. High(Bank
lierce
INVESTMENT SECURITIES.
in Bonds of
Railroad, Street Bail-
Deal
31 Nassau
New York.
^)
Address:— SABA.
B^u
St.,
Cable
est references required.
EDW.
NBW
C.
YORK.
PHIIiA,
-
-
New York
DENISON, PRIOR & CO.
MASON, LEWIS &
1
-
112 SO.
CO.,
FOURTH
&
St.
„^. IPN ^
BONDS.
Choice Issues.
High
Grade
SEND FOR
Bonds.
Street Railway and Gas Companies.
LIST ON APPLICATION.
LISTS.
ST.
8
Perry, Coffin
BOSTON,
MUNICIPAL
RAILROAD
CORPORATION
DEALERS IN
NASSAU STRHBT.
-
CO.,
60 Devonshire
Monadnock Building,
A SPECIALTY.
JONES &
52 Broadway.
Office,
BANKERS,
SAVINGS BANKS and TRUST FUNDS
H BONDS
CHICAGO.
CHICAGO.
Investment Securities
FOR
238-240 La Salle Street,
Burr,
MUNICIPAL BONDS.
Exchange Place, Boston.
121 Euclid Avenue, Cleveland.
John
Nuveen
&
Co.,
INVESTMENT BANKERS,
INVESTMENT BONDS.
T. B. POTTER,
MUNICIPAL and crikinc
6o State Street,
BOSTON.
3K
-
-
ILLS.
-
to 6%
LIST ON APPLICATION.
ALWAYS ON HAND.
Send for our Investment Circular.
DUKE
M.
Municipal Bonds.
FARSON,
Street,
CHIC* GO
N. Brown & Co.,
BANKERS,
CEDAR STREET, NEW YORK.
James
No. 62
Dealers in Government, Municipal, Railroad and Corporation Bonds.
INTEREST ALLOWED ON DEPOSITS.
Orders executed on N. Y. Stock Exchange.
solicited.
Reference. Firtt National Bank, Chicago-
CORPORATION,
BONDS.
)
50 Wall
New
Street,
York.
Correspondence
Banker,
18a Dearborn
Building, Chicago.
Correspondence
RAILROAD,
172 Washington Street,
CHICAGO,
Bank
National
W, J ESTER & CO,
»UNDb, BARSTO
MUNICIPAL,
i^^^-r^^.
CORPORATION
MUNICIPAL BONDS.
Securities Netting from
1st
A.R.Macfarlane&Co.
BANKERS AND BROKERS,
DULUTH.
MINN.
[Members American Bankers'
TROWBRIDGE
& NIVER
CO.,
Ass'n.j
DEALERS IN
Commercial Paper, Mortgage Loans,
Local Stocks and Real Estate.
Act as agents for non-resident property owners and
investors.
Solicited.
MUNICIPAL BONDS,
Bank
CHICAGO.
First National
B9dg.,
:
1H1S
IU34:
gatttuers
UHitUJNUJLiJfi.
nn& 'gxokzvs ®ut
[Vol. LXXI.
sxi fjjettr
^JxrrlL
CHICAGO.
CHICAGO.
PHILADELPHIA.
Edward
Bartlett, Frazier
&
Schwartz, Dupee
Co.,
&
PHILADELPHIA.
Members
New
T
Street,
Mew
•
and
Pbila.
W.
E.
CHICAGO.
CHICAGO.
Co.,
BOURSE BUILDING,
STOCKS AND GRAIN.
WESTERN UNION BUILDING
Board of Trade,
&
Smith
BANKERS AND BROKERS,
Co.,
Stocks, Grain and Provisions,
9
B.
New
rors stock Exchanges.
&
Clark
Co.,
BANKERS AND BR0KER3,
No. 139 South Fourth
PHILADELPHIA.
York.
PRIVATE WIRES.
St.,
Transact a general banking business. Allow In-
on
terest
deposits.
Members of the Philadelphia and New York 8tock
Exchanges, and connected by private wire with New
York.
EDWIN L. LOBDELL,
Stocks and Bonds,
MEMBER NEW YORK STOCK EXCHANGE.
CHICAGO STOCK EXCHANGE.
&
BROKERS AND DEALERS
IN
ALL
AND OHIO
CINCINNATI
SECURITIES.
Irwin, Ballmann
Brokers and Dealer*
&
Co.,
In
St.,
Cincinnati, Ohio.
Seasongood
8.
W,
&
Mayer,
Corner Third and Walnut Streets,
CINCINNATI, OHIO.
MUNICIPAL BONDS.
Hlgh-Grade City, County, Town and School Bonds
issued in leading prosperous States of the Union,
especially adapted for safe and permanent investment for Estates and Trust Funds.
PACIFIC COAST.
John H. McQuillen &Co.
Sproul & Co.,
PITTSBURG, PA.
Henry
MEMBERS
NEW YORK
)
PHILADELPHIA /
CHICAGO
PITTSBURG
Stock
SOUTHERN.
William Wilson & Sons,
)
Wilson, Colston &
CHICAGO BOARD OF TRADE.
&
N. Holmes
Sons,
Street, Baltimore.
Investment and Miscellaneous Securities a specialty, and whole issues handled.
Exceptional
RICHMOND,
1871.
403 California
Street,
Ladd
&
Tilton,
N. Y. Stock Exchange.
GENERAL BANKING, COLLECTIONS,
INVESTMENTS.
ESTABLISHED IN 1859.
Transact a General Banking Business.
Collections Given Special Attention.
Ifitratijcial
The
of Philadelphia.
310 Chestnut
St.,
Pald-Up Capital,
Philadelphia.
•
Whitaker
&
CHARLES HODGMAN.
Hodgman,
Mottu, de Witt
&
Co.,
Bankers and Brokers,
SOUTHERN INVESTMENTS.
ST. LOUIS.
&
John W.
Clark,
25 Exchange Street, Providence, R.
I.
Bonds,
Transact a general banking business.
Commercial Paper
Stocks and Local Securities.
bought and sold on commission. Private wires to
New York, Boston and Philadelphia
A. G. Becker
[
&
INCORPORATED.
Dickey,
BROKER,
BANKERS,
Co.,
]
COMMERCIAL PAPER,
Agent or Manager
for the control of corporation*
orffor the construction of public or private works.
1860.
300 North Fourth Street,
8800,000
This Company undertakes the negotiation and
issue of loans and capital of Companies on the New
fork or Philadelphia Market and will make advances upon approved Corporate, Personal or Real
Estate security.
Under its charter rights it will act as Trustee
ESTABLISHED
Correspondence solicited and Information furnished about Southern State, Municipal and Railroad Investment Securities.
Reference— Bank of New York, N. B. A.
NORFOLK, VA.
BOND AND STOCK BROKERS,
Richardson
Company
Investment
Davenport & Co.,
BANKERS AND BROKERS,
RICHMOND, VIRGINIA.
ST. LOUIS.
HDWABDS WHITAKEU,
BANKERS,
PORTLAND, OREGON.
VA.
Southern Securities,
Virginia-Carolina Chemical Co. Stock.
REFERENCE— Mechanics' National Bank, New
York.
T. Mellon & Sons' Bank,
Edward Pollitz & Co.,
PITTSBURG, PA.
STOCK AND BOND BROKERS.
SAN FRANCISCO. CAL.
of
Boiling,
BANKER,
Stephenson,
Members
all classes
Wyndham
BANKERS AND BROKERS.
No. 209 FOURTH AVENUE.
Oldest Pittsburg
dealings in
Loans on Collateral Securities
negotiated.
York, N. B. A.
of Philadelphia.
&
facilities for
Southern Bonds.
PITTSBURG, PA
Whitney
Co.,
BANKERS,
Bank
established
&
216 East Baltimore
CORRESPONDENTS
New
Established 1802.
"
1867.
Members of Baltimore Stock Exchange,
PITTSBURG, PA.
of
Co.,
Wilson, Colston
BANKERS,
Bank
PHILADELPHIA.
f Exchanges.
AND
First National
BANKERS AND BROKERS,
104 SOUTH FOURTH STREET,
Members Philadelphia Stock Exchange-
8t.
Hawaiian Sugar Stocks a Specialty
Co.,
28 Sonth Third Street, Philadelphia.
Goar,
Edward Pollitj
Members Stock and Bond Exchange.
Hinby
&
G. Hopper
Investments receive our special attention. InforMembers New York Stock Exchange, Chicago
mation cheerfully furnished regarding present
holdings or proposed investments.
Stock Exchange and Chicago Board of Trade.
Cincinnati Bonds and Stocks,
37 East Third
G. Hopper.
h. S. Hopper,
Members of Philadelphia Stock Exchange.
STOCK AND BOND BROKERS,
ILL..
PITTSBURG.
Co.,
E. Hutton
CINCINNATI, OHIO.
W.
Wm.
LA SALLE STREET,
CHICAGO,
CINCINNATI.
W.
Co.,
BANKERS AND BROKERS,
115-117
CHICAGO, IL.L,.
"The Rookery,"
&
A. O. Slaughter
199 La Salle Street, Chicago,
111.
AUGUSTA, GA.
SOUTHERN SECURITIES.
ST. PAUL.
Chas. H. F. Smith & Co.,
INVESTMENT SECURITIES*.
STOCKS, BONDS AND URAIN,
Pioneer Prenn Bids..
ST. PAUL, MINN.
Only members New York Stock Exchange In the
Northwest. Members Chicago Board of Trade
@FedFRASER