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finanrtal
rnnma*
Quotation ^Supplemenl
Street
(Monthly)
Investors Supplement (9™^)
Stale
Dana Company, In
(Entered according to Aot of Congress, in the year 1901, by the William b.
VOL.
Railw^Supplement QmMm^
and City Supplement <^u Bl
SATURDAY, NOVEMBER
73.
the
^
offloe of
the Librarian or Congress.]
NO
1901.
2,
Week ending
Clearings at
1901.
ot Advertising
Transient matter
$4 20
standixo business cards.
Two Months
(8 times) . 22 00
.
—(Per
Boston
Providence
Hartford
Lowell
789575
New Bedford
623,143
360,000
118.638.884
8,688.400
2.052 702
1.864.995
1.178 631
1,886.746
1,091,803
1,231,269
676.770
387.480
300,000
168.307,006
186.793,165
(13 times) . .$29 00
"
(26
).. 50 00
Months (52 " ).. 87 00
Six Months
161,766,232
17,324,900
12.108,088
12,752,426
«.686.7h7
6.700,000
4.219.572
8.660 292
8,259 659
1,338 869
1.160,044
867,974
417,955
611.768
430,490
592 900
378.9*3
366,311
281,262
118.938.031
13.671,060
7.522.930
133.100.966
8.648 000
2.143.681
1,285.889
1.445,694
1.668,880
1.810,477
New Haven
Springfield
Woroeiter
Portland
1091,301
Fall River
Holvoko
New
Total
Inch Space.)
Three Months
Twelve
Eng..
Chicago
Cincinnati
Detroit
Cleveland
Milwaukee
Columbus
London Agents:
&
Smith, 1 Drapers' Gardens, E. C, will take subMessrs. Edwards
scriptions and advertisements, and supply single ooples of the paper
at Is. each.
B. DANA COiTIPANY, Publisher*,
Plue Street, Corner of Pearl Street,
Post Office Box 958.
NEW YORK.
WILLI ATI
Indianapolis
Peoria
Toledo
Grand Rapids
Dayton
Bvansvllle
,
Youngstown
Springfield.
Ill
Lexington
Akron
Kalamazoo
CLEARING HOUSE RETURNS.
Rookford
,
i
,
,
Springfield, Ohio..
The following table, made up by telegraph, etc., indicates Canton
111...
that the total bank clearings of all the clearing houses of Jacksonville,
Qulncy
the United States for the week ending to-day, Nov. 2, B oil in ngton.
Jackson
have been $2,097,386,661, against $2,087,236,435 last week and Ann Arbor
Tot, Mid. West'n.
$1,776,950,411 the corresponding week last year.
3
,
Si'..
New York
Boiton
Philadelphia
Baltimore
Chtoago
Loan
New Orleani
Bt.
dan
Seven
Other
oltlea, 6
oi tiei 6 days
.
Total
all oltlei, 5
days.
All oltlet, 1 day
Total
The
all oltles
for
week
P. Cent
1900.
$1,053,620,162
110.664,283
00,180.461
17,772,143
138,873.714
39.8B4.808
11,108.907
$970,150,876
108,760.860
71,997,915
16.442 418
123.628.920
26,869 352
8.120,927
$1,452,024,974
870,088.924
$1,220,888,088
230.011,408
$1,722,111,898
376,274,783
$1,450,880,001
826.070,820
$3,007,883,661
$1,776950,411
j
+810
46*7
+83-3
+8*1
+80
+33-4
+36-3
|
419*9
!
4-17-4
|
186,''46
200. 11H
+13-21
180,000
Not include
We
night.
below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Oct. 26, and the results for the corresponding week in 1900, 1899 and 1898 are also given. Contrasted
with the week of 1900 the total for the whole country shows
New York
Week ending October
at—
1901.
New York
,
1,308.080,864 1,141,667,620
Philadelphia
Pittsburg
Baltimore
Buffalo
Washington
Albany
Rochester
Syraouse
Boranton
Chester
Sreensburg
heeling.
lia 708,4b:.'
39 761.406
80 257.110
88 737 5:7
80.344.407
6.860 083
8,845,188
3.140.417
1,028 671
1,814,772
1,288,898
867,100
18.988.667
4.972.092
2.057.803
2,676.611
1,869,822
1,043,8)8
1.140.008
883.871
828.800
251147
311408
867,831
847,102
1*08,H18
Wilmington
Blnghamton.
SV
1901.
1900.
W. Va...
Wilkes Barre
Total Middle
<l
the increase
26.
1898.
1899.
Cent,
$
+18-J
1,090. 020,14''
+864
60^.92t-
+21-6
+7-5
+17-8
,¥86.426
+91
+17*4
+8-7
+28-7
+15-2
+40-8
+106
-19-8i
+12-6!
49M.H9-
633.844
U
.605.6
,643,660
,636 840
,078,436
,288.463
928
4,898 349
8011 148
80.17.3
1.658.885
968,066
936 778
75'J
626786
889.200
289.801
880,000
323.600
785
690 650 Mot inolude'd In tot al.
793,684 Not Include d In tot al.
433. »7B 60S 1898193188
4-14 7 1.856 216 08B
1
791.118,085
51.496 407
10,004 086
City.
8.159.1 30
8.103.022
Spokane
1.8.19.3
Tacoma
1.271.25b
Sioux Falls
Total Pacific.
Kansas City
81.290.651
18 367.202
6,808.261
6.600 000
6 122 392
4,739 776
1.6B3 098
901.237
1,627,526
1,345.219
448,30)
163.101
Paul
Denver
St.
,
,
Topeka
Wlohlta
Fremont.
800 000
07,739 846
Colorado Springs..
Tot. other West.
Louis
New
41,591.600
13,381.882
Orleans
8 8210171
6.085 000
8,013001
5 112.188
Louisville
Galveston
Houston
Savannah
Richmond
Memphis.
8,786.788
8684.585
2236,184
Atlanta
Knoxvllle
Fort Worth
1.6-8 837
1.466.667
1,010,694
667.817
1.634,938
Birmingham
Macon
Little Rook
1,007.000
876 644
Nashville.
Norfolk
Angusta
,
92()."O0
416 631
360 513
Chattanooga
Jacksonville
Total Southern..
Total all
Outside N. York.
20.863.811
8 601.210
2,422 917
2,132 83(1
2,625 881
1,041.05'
1,095,030
642.687
3199-9
78.718
88.887.079
6 840 600
2012.166
1.844 900
1,662 614
1818,888
1.469.0M
968.004
601,030
441,489
876.000
081.896
167.2:6,244
Ii4.b84 260
184.806.946
1A.012.8Q0
7,878 8-0
1 1,049 0*8
6,922 052
5.467.400
3.3C0.724
2.286 936
1.9o8 816
1.089.40
008 557
1,194,760
555.478
636.905
837,890
301,000
808.083
118.574 916
11 394.050
0,818.160
7.283 601
4.819 599
4.187.600
2.639 237
1.433.081
1 689.398
816.099
815 454
861,881
1.688.831
631801
448 464
843 903
480 000
837.811
867,770
887.446
924 805
233 026
177,870
8"3S89
898,181
263.34(5
121.423
+8-0
d In tot a I.
+87*4
193.634.988
167.399.008
+26-0
+60-3
480*4
+45*5
+3b-o
+S4-4
+16-1
-e*«
+66-8
+835-3
480-7
19.277.806
16 605 458
1.800 f 87
2.230.0C0
1.888.886
1.881.889
941,604
935.106
081.320
410.850
172.«6^
38.3(0 4»-
+22*8
419-8
15.599.351
14 248 6*11
17.427.601
16.318 498
6,610 767
4.914 68H
4.143.077
1,884,874
908.76W
8469.138
1.461,210
771 27k
8 974 413
2.166 628
1 723.445
8,056 864
1.6'8.783
1.283,120
6-0636
—9-S
411*9
47*0
+38-6
+6-8
+16-9
+22-0
6.4 '5
406 400
102.658
26.201,191
18 676 770
12 407.480
7.813.994
5 650 789
8 803.909
8.837.914
1,069.198
609.227
986,684
266
5,973.118
3,890.421
2,032.016
1.320.163
818.606
1.874.471
-r-85-6
590 148
446636
-C-5
440672
666 086
482.788
120,442
7»5.418
+872
97,064
182.357
53,614 878
48.T24 431
8l.S8l.838
10.076 5*8
7.793 589
6.031 85b
4.578 930
3 880.748
8 013 C 63
8.993.141,868.838
1,413 968
1.808.186
89.514 118
7 663 876
8.463.857
6 327.890
1.727 979
8.807,601
8.167 545
2,145 848
1.645.614
1.076 817
1 177.070
1.047.081
680 766
820 760
1,068 064
58,309 226
33>98.776
18,607 287
7.741 740
4.251.600
7 2J9.081
6 883.342
8.0;8 750
4 213 603
8 076.738
1,103 3J5
1.438.617
1,197 015,
655.504
1,130 020
900 000
"78.000
706 023
416,60193 4-8
100.840.321
8rf,377 481
2.087.886.436 1.786973964
7e9 806.071
108 931,809
8.805.400
8.180,649
1.488.878
1.313.491
1,884.698
614,306 434
+0-0
+16-3
+22-1
+7*0
-t-V6
+19-6
-4-4
-13-4
+211
-13-7
+10-1
1,001 436
+4 3-0
+2-7
+58-6
-t-2-2
487-5
+2-8
443-1
421-3
427
648 897
895.288
61-8 000
646787
487.5M
808 396
383 108
884 723
70.511618
88.3.886 464
617.000
800,788
286.836
+01-3
78 403 967
+ 12-3
+16-9 1778 671.608
I
+I8-6
6-8 612 446
333.266 569
+7*8
+10-4
+44-7
—1-6
+20-3
—24-1
17.0M.B0l'
10 638.717
8,809.674
1.500.000
792.832
15.740.9C5
2-iS
718
618 025
577 882
1,005,836
8W.O00
86.430.301
10 760.493
CANADA—
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St.
John
Vlotorla
Vanoouver
8*6. (114 WIS
43,626,305
Minneapolis
Joseph
Des Moines
DavenportSioux City,
>«
too 000
600 000
26 3.018
Helena
Fargo
St.
We present
26.458.706
4.338 507
8 631.614
St.
+ 20-4
-1*9
428*6
-2-0
48144-1
486*6
483-5
+86-3
74.803
Seattle
+18*0
4-8*1
+12-7
+8*0
+9*7
+65-0
426.000
439.088
461.200
3-6,677
804,806
270.187
262,747
123,71-
13-1.481
Portland
Los Angeles...
Omaha
the week covered by the above will be
given next Saturday.
cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and henoe in the above the last day of the week
has to be in all cases estimated, as we go to press Friday
a gain of 16*9 per cent. Outside of
over 1900 is 22*5 per cent.
Lake
+18-7
+15-1
full details for
Clearings
Salt
+48-8
+86-7
+61-0
+16-8
+9-2
+35*7
488*4
+7-1
283.7 84,83b ~1TO"8O8 017
San Franolsoo.
1901.
189S.
188 448.667
+ 17-3
+60-9
+18-6
+11*3
6.9e5 800
4,937,100
3.087.683
8.476 8/8
2,100 606
1.181,363
1,088.318
781,881
269.C73
,
,
+12-2
+1-5
44-4
-8*1
+81-8
+19*7
420-1
-14-o
10961826
140
186,163
251,880
226.432
i
I
Citarings— Heturnt bv Telegraph.
Wtek Ending November »
1899.
P. Cent.
For One Tear
$10 00
For Six Months
6 00
European Subscription (lnoludiu* postage)
13 00
European 8absorlptlon 81x Months (lnoludlng postage)
7 50
*2 14b.
Annual Sabaorlptlon In London (inoludlng postage)
do.
*lil«.
SlxMos.
do.
do.
Above subscription lnoludes—
stbbbt railwat supplbmbnt
Thb Quotation Supplbm but
Stats and City Supplement
thl invbstob8' supplement
Terms
1901.
1000.
Subscription— Payable in Advance:
of
October 88.
—
PUBLISHED WEEKLY.
Terms
1897
Qui-beo
Total Canada
16 498 941
11.801 850
8.30J 796
1 608 934
878.187
661.891
678.512
1.107.199
1.377,586
8
H .«:30
H48
16 880
10 734
8.884
1,888
116
131
010
487
725 779
871.811
673
2-te
1.160.706
Not include d
33
4
+0
- ->
— S-
8 687 340
2 848 800
1.889.608
618 198
In tot al
+0-8
THE CHRONICLE.
928
[Vol. LXXIII.
The cotton-spinning industry at Fall River has
come further involved. Last week Mr. Borden
THE FINANCIAL SITUATION.
be-
an-
Exports of gold have been a conspicuous feature of nounced an advance of 5 per cent in the wege3 of his
Sect Nov. 4.
the week. Because the outflow has begun at a period print cloth mill operatives, to take
have
they
usual,
With
the
which
are
previous
was
announced
the
when
imports
gold
advance,
year
of
of the
attracted more attention than they really deserve. last week of September, he has within recent weeks
The argument is, if gold goes out in the last three added 10 per cent to the wages he pays. He says business
months of the calendaryear, when our exports of mer- conditions warrant the higher payment to the em(
chandise are largest, what are we to expect the gold
shipments will be the first quarter of the new year, when
the body of our crops has been marketed. A threaten
ing aspect, which is not authorized, is thus given to the
current gold outflow from New York by assuming it indicates that a full settlement has been made by Europe
of our large past, and even of our present monthly,
merchandise
exports.
One
does
not
need
to
ployes.
The managements
of
that the production of cloths
the other
mills
claim
even pay on
the present scale of wages, and they have refused to
announce any advance. In the meantime, Mr. Borden has also raised his standing oiler for regudoes
not,
to
3 1-16
cents.
Odd goods he does not
need, and they are in abundant supply; but of regulars
there is a dearth at Fall River and it is stated that
lars
Current imports of gold they are well sold up to production in other markets.
into the United States at a time when there is Of course the fear was that the operatives in the mills
no real need here for that metal, while there is need refusiog the advance would leave their work. The
for it in Europe, is clear proof that Europe is in latest advices indicate that there will be no strike.
Beyond doubt there has been a large We trust that will be the outcome; if it is, an opporour debt.
amount of American securities long held in Europe tunity will be offered of testing the situation. Exsold here during recent years; there have also been other perience durirjg 1900-1901 had favored the belief that
securities bought here by Europe within lato years, a there were too many print cloth spindles in the United
portion of which has since been returned and sold like- States to find profitable employment at full time. It
wise America has within five years placed considerable will not take many months to determine whether the
money in Europe. All this Is true. But any sum- normal demand is or is not heavy enough to absorb
mary of these movements and counter-movements current eupply.
investigate that
claim.
;
would be pure estimate and furnish very vague data
It would not be possible to specify any particular
by themselves from which to build up a theory that
our trade balance old, new and current has been influence as dominating the stock market the past
week, except that the sudden activity and great
settled.
"Were it worth one's while, it would be an easy mat- strength displayed in the last hour of trading yesterter to throw discredit on that claim by a compilation day afternoon was generally accepted as evidence of an
made up from a study of the security movement and impending settlement of the great questions inPacific contest.
Gold
the trade figures for the series of years subsequent to volved in the Northern
and
currency
accumulations in the Subthe adoption of specie payments in 1878. The size of exports
imparted
Treasury
have
unfavorable
trade
balance
a degree of uncertainor
favorable
the average
and the kind of security inflow or outflow which dur- ty to the money market. An observer would
ing that period was required to induce a movement of find it difficult, though, to establish just what, if any,
gold from Europe to the United States, or to Europe restraint these movements have put upon operations.
from the States, applied to similar trade compilations The negotiations with reference to the settlement of
during the last five years, would afford a strong pre- the Northern Pacific affair have been reported by
sumption against any such conclusion as that referred those who are most closely connected with the propMoreover, it is well known that the present erties concerned as making hopeful progress, and
to.
—
—
shipments of that metal are, for obvious reasons,
special, and do not argue a larger outflow later. There
may be a freer movement after the first of January,
but if it occurs it will be special also. The truth is,
Europe has for some time presented a disturbed trade
situation, and has suddenly developed quite an acute
financial strain.
Berlin, Paris
named. It looked for the moment as if a crisis of
some severity might be imminent. That Paris should
with £94,000,000 in the Bank
of France, seemed incredible and ominous. As it happened, however, the situation was not particularly
No sooner had the $2,851,000 been withserious.
drawn here on "Wednesday for shipment to Paris than
appearances on both sides of the Atlantic changed.
Foreign exchange declined in New York, and the
anxiety in Europe was reported by cable to have been
What will be the effect
for the time being stayed.
of the subsequent advance by the Bank of England
of its minimum rate to 4 per cent remains to be seen.
feel distressed for gold,
pectation which has prevailed
all
along;
it
would
be impossible that parties of the character of
those involved, controlling such immense industrial
interests, including quite a number of the most im-
and London early in
for gold, and the ex- portant railroads
them eager
the week were
changes were reported in such shape that a movement
set in from London to each of the other centres
all of
the indications ."yesterday pointed strongly in the
a harmonious ending to the indirection of
cident.
But that has been the belief and ex-
—
country it would be impossible for them to act otherwise than in harmony. The
copper situation when the week began looked ominous
and exercised for a day or more a depressing influence;
but later it has appeared from current reports to be getting into better shape through a reduction of the output of the mines, as itls claimed, in Europe as well as in
America; a better course for remedying the congestion would have been, we think, by a drop in
the price of copper, though the other method
Probably the little incidents
is a possible corrective.
developing day by day which tend to contribute to a
prosperous business outlook have had 'as large a part
as anything in communicating the undertone of
For some
strength the market has manifested.
weeks, among other occurrences having a similar purport, a feature of the daily news has been orders given
in the
November
3,
IHK CHRUNICI
1901.]
out by a large number of our railroads for stoc 1 rails
and for new equipment, showing unusual proportions,
929
E.
the amounts of earnings keep steadily expanding, even
where, by reason of tho corn crop shortage, a falling-
and giving work to foundries, mills and factories for oil has been looked for. Quite a large number of
many months, running far into the new year; of the returns have been received tho present week for the
same character is a notable order given out by the month of September, and they are nearly all of the
New Haven railroad this week— large beyond prece- same tenor, thatia, highly favorable; there being noteThe only existing unfavorable feature dis- worthy improvement following no less striking imdent.
Thus, the Atchison
provement in previous years.
coverable is the high price for many commodities.
Topeka & Santa Fe has added $622,075 to its gross and
month
appear to $432,691 to its net, the Northern Pacific has added
Mercantile failures during the late
have been on a slightly increased scale. According $860,061 to gross and $470,008 to net, the Canadian
to the records kept by "Dun's Review," the liabilities Pacific $600,532 to gross and $294,032 to net, the
of the defaulting concerns aggregated $10,680,027 in Milwaukee & St. Paul $422,032 to gross and $138,574
October 1901, against $9,072,791 in October 1900 and to net, the Union Pacific $185,966 to gros3 and $226,but $5,665,745 in October 1899. It is pointed out, 171 to net and the Erie $442,743 to gross and $392,227
however, by the editor of the " Review" that the in- to net. These are a few of the most conspicuous inThey represent all classes of roads
crease here disclosed possesses no special significance. stances of gain.
He shows that half the total of liabilities is accounted and practically all sections of the country. The many
for by twenty-five large failures, which have appar- other roads'not enumerated do not all reveal improveently followed from special causes, and that the aver- ment in the same marked degree, but outside the
age liability of all other insolvencies was only South, where the cotton movement was backward, the
than
the
average of results are nearly everywhere very gratifying.
less
which
is
$5,984,
small failures in the corresponding month of any
With the exception of the Bink of England, which
previous jear since Dun has been keeping the record.
It should also be remembered that comparison is with advanced its official rate of discount to 4 per cent,
unusually small totals. Going back beyond 1899 it is there was no change in official rates by the European
found that as against the $10,680,627 failures for 1901, banks this week. The open market rates at all the
With a
the amount for October 1898 was $14,126,754, for financial centres were, however, quite firm.
October 1896 $14,880,266 and for October 1895 $15,- view still further to retard the movement of gold from
In contrast with these years of serious misfortune, current results, as the "Review" well says, appear highly favorable, especially when it is considered
386,750.
London
to the Continent, the price
of
the metal in
the bullion markets, which had declined at the end of
week, was advanced again on Tuesday to 77
that the firms in business and the capital invested shillings llf pence for bars and 76 shillings 6f pence
On Friday, however, the price
constantly increase and a commensurate rise in the for American eagles.
number and amount of insolvencies might be ex- of the latter was reduced to 77 shillings 6£
pected if other things were equal. In the number of pence. The Bank of Bengal at Calcutta reduced
the failures, the showing is the same as in the matter its official rate of discount on Thursday from 5
that is, while the result is not as good per cent to 4 per cent.
On Tuesday the French
of liabilities
as in the two years immediately preceding, when Cabinet approved the bill authorizing a loan of 265,numbers were unusually small, it contrasts very 000,000 francs in 3 per cent perpetual rentes to reimfavorably with the years of large misfortune in the burse the Treasury for its outlay on account of the
past.
Thus there were 864 failures in the month this Chinese expedition and to pay indemnities to sufferers
year, against 782 last year, and 610 in October 1899, in connection therewith.
On the issue of these rentes
but as against 1,254 in 1896 and 1,189 in 1895 and an equal amount in the public deposits fund will be
last
—
canceled.
1894, respectively.
Returns of
railroad
earnings continue to afford
proof of the activity and prosperity of trade.
the fruits of these large earnings
is
One
of
seen in the action
The
feature of the statement of the New York Associated Banks last week was an increase, instead of
the generally expected decrease, in cash by $1,592,900.
The loans were augmented $9,650,500, while the deposits were increased $9,382,000.
The surplus reserve
management of the Pennsylvania Railroad
Company this week in repeating the extra dividend
paid in November last year. The company yesterday fell
announced the regular semi-annual payment of 2£ per has
of
the
The Sub-Treasury
off
$762,600, to $14,713,175.
this
week paid $l,350,000,representing Yukon gold
with an additional 1 per cent, the same as at deposited at Pacific Coast points to the credit of the
the corresponding period in 1900. In other words, Bank of British North America, which gold was
the shareholders get 6 per cent in cash this year, apart transferred hither through Assay Office checks. The
from the valuable subscription rights received during above named bank has in transit from Sin Francisco
the twelve months. The amount of Pennsylvania $1,000,000 more of these checks, representing Yukon
Railroad stock outstanding is over two hundred mil- gold, and the bank expects that $500,000 Australian
cent,
lion dollars, so that the extra 1 per cent will require
gold, 'consigned to that institution, will arrive at
the payment by the company of an additional two
million dollars. Earnings, however, are on a com-
Francisco early next week. It is noteworthy that the
gold which has arrived and that which is expected as
above stated, together amounting to $2,850,000, will
Sin
and the declaration of the added 1
per cent doubtless means not only that current results be about equal to that which was shipped hence to
are very satisfactory, but that in the opinion of the Paris on Thursday.
Then Lazard Freres forwarded
management the outlook for the near future is equally $2,005,326 27 and Goldman, Sachs & Co. $846,mensurate
scale,
259 73, making a total of $2,851,586. When gold exIt Is quite a remarkable feature of the situation ports ceased in July last there had been shipped to
that in the case of the rail carriers all over the country Europe $29,435,239 47. There was an export of $200,encouraging.
THE CHRONICLE.
930
000 to Germany by the National City Bank in the
week ending October 19, and including that amount
and this week's shipments, the exports since the beginning of the year have been $32,486,825 47.
[Vol. LXXIII.
to Scandinavia
£52,000 net
and
X'.^OOO to
received
from
South America) and to
the
interior
of
Great
Britain.
The striking feature in the foreign exchange market
unmatured bonds at the New York this week was the above-noted export of $2,851,586
Sub-Treasury until Friday, under the order of March gold to Paris. The movement was in direct response
30, were $112,000, making $42,669,156 61 since April 2. to the disturbed situation at that centre caused by the
These bonds were the remainder of those which were recent collapse in the copper speculation, as stated in the
accepted by the Secretary of the Treasury when the Ohbqniole October 19. This disturbance led to more
order suspending bond purchases was issued on Octo- or less continuous selling of Paris exchange on London,
ber 2. It was announced on Thursday that theS.'c- causing such a decline in the rates for these bills as to
retary would resume purchases of unmatured 33, short draw gold from London to Paris, as was recorded last
The concurrent drain of gold from London to
4s and 6s, and also of long 4s, reserving the right to week.
discontinue purchases at any time. The following is Berlin tended to advance open market rates of discount at London, foreshadowing the rise in the Bank
the order as telegraphed from Washington
" Reserving the right to discontinue without previous no- of England rate which was made this week.
This
tice, the Treasury Department announces that it will, for the monetary tension at London seemed to cause still more
present, accept offerings of United States bonds, if tendered liberal selling of Paris exchange on Monday, when the
at the Treasury Department in Washington, or at the Subrate fell to 25 francs 8£ centimes. While gold could not
Treasury, New York, at prices to yield the Government inbe shipped hence to London as an exchange operterest, as follows: On the 8 per cent bonds, loan of 1908-1918,
The payments
for
:
5 per cent bonds, loan of 1904, and 4 per cent bonds, funded
loan of 1907, to yield 1'726; and on the 4 per cent bonds, loan
of 1925, to yield 1-906."
ation, our rates for sterling not permitting, a profit-
able shipment to Paris was possible because of the
above-noted low rate for Paris exchange on London.
Bonds to the par value of $1,282,000 were bought The gold could be, and indeed was, sent to Paris and
at the New York Sub-Treasury on Friday, under the the shippers drew against the consignment with ster-
above order, at prices computed by the Actuary of ling bills on London, payment for which on their
the Treasury Department on the basis established by presentation has doubtless already been provided for
with the proceeds of exchange at Paris on London,
the Secretary.
which exchange was presumably sold at the low rates
Money on
representing bankers' balances,
call,
loaned
at
the
Stock
Exchange this week at
has
5 per cent and at 3£ per cent, averaging 3f per cent.
On Monday loans were at 4 per cent and at 3£ per cent,
with the bulk of the business at 3£ per cent. On
Tuesday transactions were at 4 per cent and at 3^ per
cent, with the majority at 3f per cent. On Wednesday
loans were at 4 per cent and at
3f per cent, with the
On Thursday
bulk of the business at 3| per cent.
transactions were at 4 per cent and at 3^ per cent,
with the majority at 4 per cent. On Friday loans
were at 5 per cent and at 3f per cent, with the bulk
Banks and trust comof the business at 4 per cent.
panies have loaned at 3£ per cent as the minimum.
The tone of the time loan branch of the market is
firmer, though rates remain unchanged at 4^ per cent
for all periods from sixty days to six months ^on good
mixed, and at 5 per cent on all industrial collateral.
The demand is only fair, while the offerings are modThe supply of commercial paper does not inerate.
crease and the demand is chiefly from out-of-town
buyers, the local banks and other institutions being
Kates are 4|@4| per
practically out of the market.
cent for sixty to ninety day endorsed bills receivable,
4£@5 per cent for choice and 5@5£ per cent for good
four to six months single names.
The Bank
of
England minimum
rate
discount
of
was advanced on Thursday irom 3 per cent, at which
it
had stood
since
June
13, to 4 per cent.
reports discounts of sixty to ninety-day
London 3^@3^ per
cent.
The
bank
cable
bills
in
The open market rate at Paris
2&@3 per cent and at Berlin and Frankfort it is
3@3£ per cent. According to our special cable from
London the Bank of England lost £696,888 bullion
is
which ruled on Monday. Through this
shipment of gold there will probably be indirect relief
to the London situation by partially, at least, satisfying the demands for gold at Paris. There is no assurance, however, that this relief will be more than
temporary, for should discounts at London continue
tense, further sales of Paris exchange will most likely
be made, possibly causing such a decline therein as to
result in a renewal of gold exports hence to Paris.
The effect upon our exchange market of the
advance in discounts at London this week was observable in an increase in the demand for sight sterling to
cover maturing exchange loans and for remittance, which inquiry was sufficient to absorb all offerings of bankers' sight bills, including those which
were drawn against the shipments of gold. The market was quite active, though quotations were within a
narrow range. Notwithstanding the fact that commercial bills against cotton were freely offered, the demand
for those the delivery of which had not been previously contracted for was sufficient to promptly absorb
them. Ninety-day bank bills were sold with some
freedom for the purpose of renewing exchange loans,
and these offerings, together with the higher discount
rates in London, caused a slight decline in quotations
Francs were firm throughout
for this class of bills.
the week in consequence of a good demand for remittance, but there appeared to be very little doing in
The Assay Office paid
other Continental exchange.
$909,576 36 for domestic bullion. Gold received at
the Custom House during the week $44,456.
Nominal rates for exchange are 4 84-£@4 85 for sixty
days and 4 87£@4 88 for sight. Rates for actual business
opened on Monday at a decline, compared with those at
the close of last week, of one quarter of a cent for long,
to 4 83^ @4 83f while those for short advanced one-!
eighth of a cent, to 4 86£@4 87, and those for cables
for these bills
during the week and held £35,654,523 at the close of
the week. Oar correspondent further advises us that
the loss was due to the export of £749,000 (of which one-quarter of a cent, to 4 87f@4 87£. The market,
£564,000 were to France, £130,000 to Egypt, £50,000 was easy for long and strong for short and cables.]
.
,
November
THE CHRONICLE.
1901.]
2,
long recovered one-quarter of a cent, to
while short and cables fell off one-eighth
On Tuesday
4 83|@4 84,
86|@4
of a cent, to 4
80 5 for
the former, influenced
by preparations for gold exports, and to 4 8?}@4 87
for the latter. On Wednesday long was a shade easier,
at 4 83|@4 88$, while offerings of gold bills caused a
fall in
short of one-eighth of a cent, to 4
unchanged.
cables were
On Thursday
8G§@
862;
1
long further
declined one-eighth of a cent, to 4 83£@4 83J, while
short was strong, in response to a demand for covering maturing exchange loans and also because of the
advance in discounts in London, and quotations were
4 86£@4 87; cables were higher at 4 87|@4 8: |. The
market was generally strong at the close, and it was
quite firm on Friday, when there was an advance to
the best rates of the week. The following shows daily
posted rates for exchange by some of the leading
drawers.
DAILY POSTED BATES FOB FOBBIQIf EXCHANGE.
(60 dayt
Brown Broi
(Sight...
Baring,
60 dari
<
Magotm A Co.. I Sight...
(SOdayi
Bank Brltnh
No. Amerloc,.,
Bank
of
Montreal.
Canadian Bank
of Oommeroe.
Heldelbaoh, Iek
elheimer & Co
LAiard Freret..
Merohantt'Bk.
Canada
of
i
Sight...
I
60 dart
I
Sight...
dan
(
60
1
8tght...
(
60 dari
I
Sight...
(60
dan
I
Sight...
(
60
dan
(Sight...
FBI.,
MON.,
Wed.,
THUB,,
Oct. 85.
Oct. 88.
Oct. 29.
Oct. 30.
Oct. 31
64*
87*
485
487
4 84*
4 87*
4 84*
84*
87*
84*
87*
85
87
85
87
84*
87*
84*
84*
87*
e4*
84*
87*
84*
87*
84*
87*
84*
4 87
4 85
4 8T
4 86
4 87*
87
85
87
86
87
86
87
89
87*
87*
486
4 87*
4t5
86
85
87*
87*
86
87
86
84*
67*
84*
b7*
84*
87
87
84*
87*
84U
b:*
84*
87*
84*
81*
84*
87*
84*
87*
84*
87*
84*
87*
4
4
4 87
TUBS.,
87
84*
87
FBI.,
Nov
1.
COPPER AND EUROPEAN CONSUMPTION.
A
good deal of the market's attention during the
present season has been absorbed in the question?,
what was the real position of the visible supply of
copper and whether the price could or could not bo
maintained at its present high level. The questions
attracted interest chiefly because of their bearing on
the finances of certain companies whose shares have
been widely dealt in on the speculative and investment markets. We do not propose in this article to discuss these two questions, for the reason that the statistics on which a trustworthy opinion could be based
But the situation of the copper
are not accessible.
trade in general is a matter which can be discussed
with some hope of reaching positive conclusions, and
it is a very interesting situation, not only from its
bearing on our own foreign trade and on the position of European industry, but from its intimate connection with the curious state of affairs on the Paris
markets.
The
IS
81
84*
931
returns of the Bureau of Statistics on this
country's foreign trade
for
the
first
nine months of
8-.*
84
*
87*
84*
87*
84*
87*
84*
87*
84*
87*
84*
87*
1901 give a pretty plain view of the real situation.
During those same nine months last year the United
States exported, by the Bureau of Statistics figures,
272,526,308 pounds of copper bars and ingots. The
Bureau's record for the same period this year shows
This
exportB of only 147,040,875 pounds.
of very nearly 50 per cent.
More
is
striking
a decrease
still is
the
83£@4 84 for long, 4 &7@ fact that the nine months' record for the present year
4 &7i for short and 4 87f@4 87f for cables.
Com- is not only smaller than that of the three active premercial on banks 4 83i@4 83£ and documents for pay- ceding years, but is the lowest total reached for the
ment 4 82f@4 84. Cotton for payment 4 82J@4 83, peiiod in any year since 1895. Furthermore, the decotton for acceptance 4 83i@4 83£ and grain for crease in exports, as compared with 1900, is general
to all Europe.
To the United Kingdom this country
payment 4 83|@4 84.
The market
closed at 4
shipped 23,600,000 pounds
The
money
less; to
France, 26,300,000
movements of pounds less; to Germany, 26,200,000 pounds less; to
to and from the Interior by New York banks.
the rest of Europe, 49,300,000 pounds less. In other
words, all of the foreign consuming markets of the
Received bv
Shipped by
Net Inttrior
Week MnMnt November
1901.
copper trade have contracted simultaneously, and very
N. T. Bank* N. T. Banke.
Movement.
violently.
Nor had the process of contraction slackCurrency.
46.318,000
14,070.000
Gain. |i 248.0OC
Qold
1,444,000
847,000
Gain.
697,000
ened as the nine months drew to a close. In Septemfollowing
gives
the
week's
1,
Total gold and legal tenden.
17,762.000
14,017.000
Gain. $2,846,000
With the Sub-Treasury operations and gold exports
the result
1b
France appears to have bought from us
ber alone
rather liberally, but
markets showed up
as follows.
exports to
less
all
other European
by fully 50 per cent than in
1900.
Week Mndint Xovember
Out of
Banke.
Into
1, 194)1.
Banke.
Banks Interior movement, aa above
Bib-Treat nrr oper. and gold exports
Total gold and legal tender*.
17.763,000
14.917,000
£3,600,000
26,100,000
181.368.000
181,017,000
The
following table indicates the
In the principal European banks.
Gain. 18,645,000
Loss. 2,600,000
Gain.
amount
$345,000
of bullioD
November
1,
1909.
et
Qola.
Sil««r.
Total.
Sold.
Silver.
Total.
X
X
X
X
X
X
85.654.623
France
German j
95,088,965
80,087,000
'...
Batata
66.594,000
Ant.Uang'7.
46,640.000
14,006,000
Italy
15,938.000
Netherlands
Nat. Belg'm
•
In order to understand what this downward movement really means, it is necessary to review the
course of copper exports in the years preceding.
Taking the calendar year 1893
movement
86,664,533 88,434.886
88.4(4,886
43.858,834 188,887,849 91,718,409 44,518,494 136.886.903
15,500,000 45,687,000 85.297,000 18,081,000 38.338.00C
5,838,000 78,438.000 70,461,000 6,081,000 76.6t3.00C
10,833.000 66,463,000 37,908,000 9,765,000 47.667.00C
16.968,000 30,938,000 13,699.000 16,685,000 80.384,000
1.969 900 17,902,900 15,386,000 1,643,000 17,038.000
6.756,300
5,808 400
11664,700
4,871.000
5.578,000
10,449,000
8.046.667
1,633838
4,570,000
8,778,000
1,889,000
4,H7,00(
Tot-tbli week 311.746.456 103183617 414.039.973 894,621,296 98,6B5,4M4 S9!*,20e.789
Tot. nrev. w'k 307,860.907 100*43781 408.804,838 895,866.015 99,265,781 395.120.796
as fairly typical of the
period, it will be found
then exported 138,984,128
pounds of copper, valued at $14,213,378. Four years
later, in 1897, the quantity exported had exactly doubled, reaching 277,255,742 pounds for the year.
It rose to
291,955,905 pounds in 1898; was reduced by some forty- five million pounds in 1899;
but in 1900 suddenly expanded again with great
that the
October 81, 1901.
Bank
Net Change 4n
Bank RoUUnte.
rapidity,
of the
earlier
United States
reaching
the
huge
total
of
338,121,071
pounds, worth on the export market $55,291,137.
This shipment was in quantity nearly two and a-half
times as large as the exports of 1893, and in value
nearly four times as great.
Every important State of Europe contributed to
immensely enlarged demand. Last year's import
of copper from the United States, as compared with
olalmed to be aoourate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, but we 1893, increased most largely in Germany, which
believe the division we make is a olose approximation.
bought nearly four times as much in 1900 as it did
The division (between gold and silver) given In our table of ooin
and buUlon In the Bank of Germany and the Bank of Belgium Is made
from the best estimate we are able to obtain; in neither easels it
*
this
THE CHRONICLE.
932
But, as against the increase of
nearly 50,000,000 pounds in Germany's yearly imports,
France took not quite 40,000,000 pounds more than
in the earlier period.
[Vol. LXXIIt.
finally at Paria
— which has contracted the
sources of
on which was based the remarkable movement
Of course the recent material advance
It did seven years before and Great Britain 21,000,000 in the price of copper would likewise, in the less venpounds more, while the rest of Kurope increased its turesome state of the money market, help to discourage enterprises calling for a further enlargement of
purchases by 87,000,030 pounds.
It is worth noticing that the increase in annual ex- its use.
It would naturally follow, from this conclusion,
ports to the rest of the outside world increased hardly
& million pounds over 1893. The immense expansion that the immediate future of our copper export trade
in consumption during the period under review oc- must rest on the course of the European markets.
So
What the lcDg as outside investors at those points withhold
curred in Europe and the United States.
increase in this country was may be judged by the their funds, precisely so long must the extension of
following table of production in and export from the European electric enterprise be deferred, and Europe's
United States, figures of output being taken from the consumption of copper proportionately reduced.
Government Geological Survey's returns and
of ex-
IN
POUNDS.
1900.
1899.
1893.
production
U.S. exports
606,117,166
338,121,071
568,666,921
246,826.331
339,785,972
188,984,128
Balance
267,996,095
321,840,590
200,901,844
U.
8.
That is to say, the increase in annual American
consumption has been much greater than that in any
other nation of the world. In fact the above figures
by no means tell the whole story, as we have become
a large importer of copper during the last few years.
Making this allowance, the showing of actual copper
consumption is as follows.
COPPER RETAINED AND IMPORTED,
IN POUNDS.
1900.
1899.
1893.
267,996,095
68,797,591
321,840,590
71,922,340
200,801.844
5.536,690
336,793,686
393,762,980
206,338,534
Balance retained from home
production
Imports
Total consumption
Here
How much
the question of the American price for
copper may have to do with the slackening foreign
purchases is a question of great interest.
Copper is
port from those of the Bureau of Statistics.
COPPEE PRODI CTION AM) EXPORT,
capital
of last year.
an apparent increase of no less than 186,000,000 pounds between 1893 and 1899.
There has never been any mystery as to the cause of
this extraordinary movement.
In this country and in
the progressive Spates of Europe, development of
enterprises based on electrical equipment has gone
forward at an amazing rate. Construction of electric
railways in particular has advanced with such rapidity
that the manufacturers could hardly keep pace with
it.
What was witnessed in the successive " booms"
selling
above
at
its
New York today
price of two years ago
pound above that
appears
4 or 5 cents per
to
of 1895.
that
believe
maintained, even
and
pound
fully 7 cents per
The domestic copper
the present price
is
trade
to be
production has to be heavily restricted.
It is true that Europe's visible supplies of
copper are very low, and that there are important
foreign requirements which must be filled in any case.
But with the markets of Europe in their present position, and with the possibility of sustaining the price
of copper actively canvassed in those markets, it is
certainly not reasonable to expect any immediate increase in Europe's purchases, or the closing now of
contracts for delivery which the foreign buyer is able
if
to defer.
is
and eighties, when extension or re
equipment of steam railway lines was the centre
toward which the promoter's energies converged, has
been witnessed again in the recent movement of prosof the seventies
THE PROPOSED
NEW GERMAN CUSTOMS
TARIFF— THE TARIFF QUESTION IN
AUSTRALIA*.
Manchester, October
Increasing attention
19, 1901.
being paid in this country to
the proposed new C ustoms tariff of Germany, which a3
yet is but a scheme, although it has been adopted by
is
the Imperiil Government.
the greater part of
—
it
An
Eoglish translation of
— that affecting British exports to
Geimany was published by the Commercial Department of the Board of Trade some weeks ago. This is
now under the consideration of a committee of the
department and copies of it have been distributed to
perity; but with this difference, that copper largely the leading chambers of commerce in the United
occupied the place which was filled by iron in those Kingdom, with a request for reports upon such porformer decades.
tions of it as are of particular interest to the trade of
To people familar, as most investors are, with the the districts in which they are severally situated.
immense expansion of the American electric railway
The translation gives in parallel columns the existindustry, there is no need of explaining either the ing and the proposed [rates of import duty. It emmanner in which these immensely-increased supplies braces 812 of the 925 categories of the new tariff, the
of copper were absorbed or the financial processes rest referring chiefly to agricultural products and
whereby the requisite capital was obtained. The sec- other commodities, the German imports of which are
ond of these two questions is, however, a matter of not of immediate concern to British producers and
It is of course well understood that, notvital importance in the European side of the problem. merchants.
As we have seen, the total purchase of copper from withstanding the enormous amount of the commercial
us by Europe during the first nine months of 1901 has exchanges between Great Britain and Germany, the
suddenly fallen to a lower figure than that of any other Government of this country can exercise no influence
year since 1895. This has not happened because Europe's in the way of diplomatic negotiation in the final adThe settled free trade policy
possibilities of electrical development have all been justment of the tariff.
enterprises
on
the
lines
the
British
new
of
people
of those
renders it unnecessary for their
filled, or because
undertaken in the last few years would not be profit- administration to enter into any kind of bargaining
able.
The problem which settled the question of the for reciprocity. There are a few people who, on such
continuance of last year's immense absorption of occasions as this, cannot help regretting, in the lanelectrical material was the problem of raisirjg capital guage of an eminent English statesman, spoken many
for that purpose.
Primarily it is the disorder on the years ago, that "we have thrown away the keys by
money markets first at London, then at Berlin, and
* Communicated by our Special Correspondent at
Manchester.
—
November
9,
THK CHRONICLE.
1901.]
which we might have opened the closed doora of aome
But it ia not forgotten that
foreign countries."
apart from the other recommendationa of thia policy,
it alwaja asaurea to British trade the " moat-favored-
But although
nation treatment" without heaitation.
tariff
atruggle
the
in
now
not so directly intereated
there
933
much
ia
discontent amongst the cotton
operativea of Southern Germany,
an
advance of 20 per cent
general atrike
if
their
who
are
mill
demanding
in wagea, threatening a
demand
not granted.
TJ
proaperity
is
demand cannot be the reault of increaaed
in the German cotton induatry, which ia known
to be
an unfavorable condition. It must proceed, therefore, from the insufficiency of preaent earnings to
cover the coat of decent living.
These symptoms are a striking comment upon the
present attempt to raise the Customs duties of Germany, especially thoae upon food producta. If already
the economic state of the urban masses ia thua straitened by a spell of commercial depression, such as ia
the occasional lot of all great industrial communities,
what is it likely to be if the coat of maintenance is
further raiBed by a higher tariff upon imported comAgain, it muat not be supposed that the
modltiea
proprietor8 of manufacturing establishments in Germany are by any means unanimous in approving of
Good authorities are of opinion that if the final the additional, a!most all-round, protection provided
decision were in the hands of the existing Parliament, for in the proposed tariff.
This document was prethe scheme would be passed with very little alteration. pared by a special committee which sat for many
But no change can be made in the present conven- months in Berlin. Before its work was begun invitational tariff, which applies to all but an insignificant tions were sent to repreaentative bodie8 in each inportion of the imports, until the end of 1903, when dustry inquiring what changea 8hould, in their opinthe treaties now running between Germany and other ion, be made in those parts of the tariff affecting their
countries expire.
Meanwhile a new Reich8tag must particular businesses. Naturally they were in favor
be elected, which will begin its sittings before the of higher duties on imported articles competing with
middle of that year, and it ia exceedingly probable their own productions. But many of these articles
that the final word on this 8ubject will be aaid by that are raw materials or accessories of other industries,
aa yet unelected body.
In the meantime many thing8 and those who use them are averse to any change in
will happen bearing upon the preaent acheme, and it the duties which will increaae the cost of production
ia the8e as yet unknown contingencies which give the
of their own manufactures.
Thus there has emerged
question Its most impressive interest.
a conflict of interests which it will be very difficult to
beginning to wax warm in Germany as are the
near neighbors of that country, the British Government and the commercial authorities are atudying the
changea propoaed in the new 8cheme with a view to
forming an intelligent opinion aa to its probable effect, if it ahould be adopted, upon the export trade
from the United Kingdom to the Fatherland.
But will it be adopted? The changea of duty constitute altogether a great atep forward in the path of
Protection.
In a very few caaea reduction are provided for, and some remain the same as in the existing tariff, but on an overwhelmingly large proportion
of the articles enumerated, both agricultural and
manufactured, the duties are very greatly raised.
in
In the first place, there is the question whether or
not Russia, Austria-Hungary and Italy, not to speak
of the United States, whose food products find a large
allay.
just
market
in
:
It is impossible to
form a
definite opinion as
to the precise bearing of these internal divisions
the ultimate aettlement of the
tariff.
upon
Trade gener-
Germany, will consent to enter into new ally in Germany may improve greatly before that
upon an enormous increase in the Ger- point ia reached, and aome at least of the grounds of
treaties based
man
France may
be left out of consideration because the Treaty of
Frankfort provides in perpetuity for mutual concession
of most-favored-nation treatment reciprocally between
that country and Germany.
Then, secondly, there is
the internal opposition which this part of the proposed
tariff is exciting, and will excite still more, amongat
the wage- earnera and the manufacturing population
generally.
The Germar a are apatient and law-abiding
people, but there cannot be the alighteat. doubt that
duties on agricultural ccmmodities.
the great increase in the C08t of the necessaries of life
which would be the result of adopting the schedules
of
the proposed
tariff
relating to food products, or
opposition to
it
may be removed, but
it is
hard to im-
agine that the proposal to raise greatly the cost of
living will be
contentedly accepted by the masses of
the people.
The whole
movement
for
increaaed
protection
springs from the Agrarian party, the landed gentry.
They
and support of the
Imperial system, and the Government has been compelled, probably against its better judgment, to give
way to their demand for imposing stronger barriers
to the importation of competing foreign agricultural
are politically the backbone
producta.
Then came
the
movement
for increased
protection to German manufactures and the framing
of the new tariff scheme. The situation, in ao far aa the
anything like them, would substantially swell the
ranks of the Social Democrats, and would be stoutly Agrarians are concerned, closely resembles that existing
opposed by the middle classes. Discontent is already in the United Kingdom in the years immediately folmanifest amongst the workpeople of the manufactur- lowing the formation of the Anti-Corn-Law League,
ing districts, who are suffering severely from want of founded in Manchester in 1839. Sir Robert Peel was
employment or reduced wages, the consequence of the Count von Bulow of those days and the British
the financial and commercial troublea and failures of land owners and farmers were the Agrarian Party.
banks which have ensued during the last few months. But Sir Robert waa in time convinced by the "unWith its cuetomary promptitude in such matters, the adorned eloquence" of Richard Cobden and by the disGerman authorities have lodged numerous bank man tresses of the times that his powerful supporters were
agersand directors in jail, and German detectives are wrong, and he had the courage to turn round to them
now in Manchester in 8earch of others who have and tell them that he had become a free trader and
escaped.
This week a meeting of the working collier8 that the Corn Laws must go. They had pleaded
of Western Germany has been held to discuss their "agricultural distress" as the ground of their persistunfortunate circumstances, and a similar a8sembly of ence, just as the Agrarians are doing now, and Sir
iron-workers has met in Berlin. It
is
stated, too, that
Robert fought for them as long aa he could; but he
THE CHRONICLE
934
had
Will Count von Bulow follow
There are some reasons for thinking
many, particularly upon this questton of foreign commercial policy, and it will not seem very strange to
to give in at last,
example ?
that he will.
his
[Vol. LXXIII.
observant people
if
new
the
tariff to
be put into force
The "Expose des Motifs," by which the publication on January 1st 1904 should be easier with regard to
of the German commercial treaties of 1891 with the imports than the present one.
The Hamburg Chamber of Commerce has issued an
neighboring European countries was accompanied, set
forth that Germany was no longer a characteristically elaborate criticism of the proposed tariff, in the course
manufacturing industry
had outstripped the requirements of the home market,
and that it was necessary to disarm the growing protectionism of other nations by entering into treaties
on the basis of mutual lowering of tariffs. The treaties
were accordingly made, their term being twelve years.
They expire, consequently, on December 31st 1903,
and it is in view of their renewal that the Agrarian
agitation for higher duties on agricultural products
has been started and vehemently pressed on. The
ideas expressed in the "Expose" were powerfully supported by a speech of Count von Caprivi, then Imperial Chancellor, delivered in the Eeichstag on
December 10th 1891. In the course of it he said
"What we now have to do is to find out the best
means of ensuring to this country the profitable pursuit
of agriculture, the prosperity of (manufacturing) industry, and sufficient work for the laboring population.
We would not have attained this by the former
(high protectionist) method. From the tendency to
commercial seclusion which is known to prevail in
Russia, America and France, there would result if we
also persevered in the same policy, or were to go still
further in it a war of all against all; each European
country would attempt to close its frontiers to every
other.
This can be done; but even if we were able to
shut ourselves off against others, we would not be able
in the long run to lead an independent and self-sufficient existence.
We are inevitably dependent for
our welfare upon the exchange of products and goods
with foreign States in consequence of the natural
laws which govern our geographical position, our climate and our soil. If we insisted upon persevering in
our former course, the struggle for existence would
agricultural country; that
its
:
—
—
become
Germany would lose one industry after another. We have not made a new departure.
When in the year 1874 204 members of this
so
intense that
House, with Vanbuler at their head, gave the first
impulse to 'the reinforcement of national labor/ as it
was then expressed, they said in one of their memorials: 'The difficult questions of German commercial
policy must not be solved according to hasty cries of
and protection only; it should rather be
attempted to arrive at a compromise in the real and
free trade
inevitable conflict of interests with 'caution, knowledge and patriotism.' "
It is almost impossible to believe that the
Government, which
well-established
the policy laid
which
it is
shown that
if it
should be adopted
it
will
go far to cripple many German industries and to lessen
greatly the foreign commerce of the Empire. Unfortunately the Hamburg Chamber, important as it is in the
members,
represents, has compara-
knowledge of
wealth, intelligence and
and of the constituency
it
tively little influence
Berlin.
free
at
It is
trade institution, andjwhatever
received with suspicion by those
who
its
regarded as a
it
may
say
is
are politically
powerful.
The
particulars of
tralian
the
is
of the
Aus-
that of moderate or slight protection to
Australian industries
South
scheme
Commonwealth have not yet been received,
is known that the principle upon which it is
but it
founded
tion,
tariff
particularly
Wales
—a
It
meets with
much
opposi-
from the representatives of New
free trade State— which under its
hitherto separate colonial administration has never,
except for a brief period, and only then very slightly,
yielded to protectionist sentiment. The conflict in
going on, and we are
quite unable at present to forecast the issue. Nor do
Australian business men now in England venture to
forecast the final issue. Probably there will be a compromise between the free traders of New South Wales
and the protectionists of Victoria which will result in
some modification in details of the proposed tariff.
The main question, of course, is the amount of revenue to be derived from Customs revenue, and it is
almost certain that the duties will ultimately be settled with an eye to this object.
New Zealand is not
included in the Commonwealth, and there is some
friction as to the manner in which the tariff affecting the products of that colony will bear upon
its trade with the mainland.
The area of Australia
is 2,972,906 square miles and its population 3,777,212.
The area of New Zealand is 104,471 square miles, and
its population 773,439.
It was by the desire of the
people of New Zealand that they were excluded from
the federated States of Australia, but they may later
on throw in their lot with the other States. It is
hoped that the tariff will be so framed as to invite
rather than to compel their adhesion. The new arrangement will not include any preferential treatment of
the Federal Parliament
British goods,
is still
and there
is
no
visible evidence in the
mother country of a desire that the Canadian
German ample in this respect should be followed.
almost punctilious in following
precedent, can ultimately abandon
down
of
ex-
is
in the
"Expose des Motifs" and
MINNEAPOLIS &
ST. LOUIS.
memorable and carefully prepared speech just
The Minneapolis & St. Louis is one of the smaller
referred to.
At this stage of the question it is bound Western roads which is enjoying noteworthy prosto be the advocate of its most powerful supporter, as perity.
Its lines are eligibly located in a good section
Sir Robert Peel was from 1840 to 1845.
But circum- of country. With its northern terminus in the
stances are often more powerful than men, and it twin cities, what may be called the main stem runs
ought not to be any surprise if Count von Bulow south to within a short distance of Des Moines;
should, before very long, declare that he is unable to another line runs almost due west to Watertown, Dain the
carry out the policy of the new tariff.
In that case,
will the new schedule as finally settled be more liberal
than the schedules of the present one? Probably not,
kota (being the Wisconsin Minnesota & Pacific, acquired from the Rock Island in 1899), and from this
line there is a fork running down to Storm Lake, la.
according to present appearances. It must be observed, The whole connects with or intersects a large number
however, that there is a good deal of unrest in Gerof other roads. The little system, which even after
November
2,
THE CHRONICLE.
1901.
no more than 042
During
miles of road, has been admirably managed.
the last two years there have been frequent rumors
that the road was desired by one of the larger systems,
and though these rumors have been repeatedly deIt is
nied, they are revived every now and then.
easy to see that by reason of its location and strategic
position the property might form a useful adjunct to
more than one important system, leaving out of consideration altogether the circumstance that, being independently profitable, it would be a desirable investment on its merits.
The position of the road has undoubtedly been
strengthened by the fact that the Iowa Central is now
controlled by the same interests as the Minneapolis
& St. Louis itself, though remaining a separate property.
The Minneapolis & St. Louis has greatly added
to its mileage within recent years.
We have already
referred to the acquisition of the Wisconsin Minnesota & Pacific, and further evidence Is furnished by
the statement in the report^hat on August 19 1900
the gap of 64 miles needed to complete the Southwestern extension from Estherville to Storm Lake
was closed, and that the average number of miles of
road operated during the twelve months was 633
miles, an increase of 119 miles or 20 per cent over the
the recent additions comprises
twelve months preceding. The further addition to
revenues during the late year, on top of the increases
of the years preceding, must of course be ascribed in
good part to the expansion in mileage, for the road
is
located in the heart of the spring-wheat country, and
therefore could not have been unaffected by the shortage of the spring-wheat yield in 1900. The road's flour
tonnage
cent as compared with the
year previous, but on the other hand the aggregate
agricultural tonnage (including flour) increased 16
per cent, being 849,932 tons, against 732,721 tons.
fell
The tonnage
off
14 per
935
and $6,000,000
of
common
stock has been getting the
stock.
5
full
The
preferred
cent dividend
per
common stock is now receiving
4 per cent per annum.
On the operations of the late
year the company had available for dividends the sum
for
two years, and the
The dividends
of $553,762.
ferred and 4 per cent on the
at 5 per cent
000, leaving a surplus balance in the
These satisfactory
on the pre-
common,took only $440,-
sum
of $113, ?<:;!.
measure due
which has been attained In the management of the property.
For a
small road the showing is quite remarkable in this
respect.
We directed attention a year ago to the
large percentage ofJ loaded cars Bhown by the car
movement and the high average train load disclosed,
and the same features are further accentuated the
results are in great
to the high operating
efficiency
The proportion
of loaded
car mileage
was 84*27 per cent,
leaving only 15*73 per cent of empty-car mileage. The
train load was further increased over 37 tons, bringing
the average up to 288 tons.
In 1896 the paying train
load was only 173, showing what has been accomplished in that direction duiing the last five years.
These figures relate to revenue freight only. Including freight carried for the company's own use,
the train load averaged 321 tons. The revenue train
load of the Milwaukee & St. Paul the same year was
236 tons, and that of the Chicago & North Western
for the twelve months ending May 31 1901 was 232
tons, as against the Minneapolis & St. Louis's average
of 288 tons.
The M. & St. L. realizes somewhat better rates than either of these roads, and this advantage
combined with the other enables it to show train earnings per mile run at the remarkable figure of $3 30.
The trains of the North West earned only $1 98 per
mile run and those of the Milwaukee & St. Paul $2 04.
present time.
to total mileage in the late year
from 314,911 to
ITEMS ABOUT BANKS. BANKERS AND TRUST CO'8.
378,491 tons, that in the products of animals from
—The auction sales of bank stocks this week aggregate 240
49,241 to 55,331 tons, and though the mineral traffic
shares. The prices realized were all somewhat in advance
and the manufacturing tonnage fell off somewhat, the of recent
quotations, the greatest gain showing in the stock
movement of merchandise and miscellaneous articles of the Bank of the State of New York, which sold at 257^
increased, so that the whole freight tonnage at 1,766,- as against 240 in September. The transactions in trust com287 tons was fully 10 per cent larger than in the year pany stocks reach a total of 50 shares. No sales of either
preceding. In the passenger department also there class were made at the Stock Exchange. In the "curb"'
market a few small lots of National Bank of Commerce stock
was considerable improvement.
Altogether the re- were sold
at 385 to 387 and of Atlantic Trust Co. stook at 292,
mark in the report that the section of the Northwest these being the only sales reported.
served by the lines of the road shared in the general Shares.
Banks— New York.
Price.
Last previous sale.
115 City Bank, National
647-650
Oct. 1901— 645
prosperity prevailing throughout the country is fully
80 Commerce,
Bank
382*4-385
1901— 375
in forest products rose
Nat.
The further addition
to gross revenues in the year
under review waB $412,193, or over 14 per cent, and
the addition to net earnings $164,017, or about 13 per
cent.
The successive increases which have occurred
in recent years will appear when we say that at $3,275,503 the gross earnings for 1901 compare with $2,863,310 for 1900, with $2,500,004 for 1899, with $2,246,580
for 1898, and with $2,006,505 for 1897.
The net
earnings at $1,426,819 compare with $1,262,802
in 1900, with $1,061,999 in 1899, with $950,959 in
1898 and with $874,788 in 1897.
Fixed charges are now heavier than they were a few
years ago.
A large
amount
of
new mileage,
as
we
Oct.
of
10 First National Bank
25 Produce Exchange Bank
borne out.
749*2
165»*-167
lOBtateof N. Y., Bank of the... 257 1*
Trust Companies— ATeio lork.
25 Morton Trust Co
1,200
25 North American Trust Co.... 245
Oct 1901— 740
Oct. 1901— 161kj
Sept 1901— 240
May 1901—1,325
Oct 1901— 245
— At the
convention of the Illinois Bankers' Association
this week at Quincy, Homer W. McCoy was duly chosen
President for the ensuing year. Mr. McCoy, though a young
man, is one of the best known and most progressive bankers
of the West. When in 1897 the Bank of Commerce and the
Merchants' National Bank of Peoria were consolidated, Mr.
McCoy was elected one of the Vice-Presidents of the combined institution and ably filled that position until he accepted
the | cashiership and management of the Commercial National
of Peoria in 1899, which was signalized by the rapid growth
of that bank in all its departments.
In May last Mr. McCoy formed a partnership with W. J.
have seen, has been added, and the company in 1899 MacDonald, of Chicago, under the firm name of MacDonald,
also paid off its $2,500,000 of 1st preferred stock McCoy & Co., [which firm is now very prominent in that city
through the issue of the refunding mortgage bonds. as dealers in municipal and corporation bonds. Mr. McCoy
resigned his position as Cashier of the Peoria Bank, but was
The retirement of the 1st preferred stock has left
only two classes of stock, namely; $4,000,000 of preferred stock (formerly known as 2d preferred stock)
at once elected Vice President because of the value of his
advisory services. At the American Bankers' Convention in
Milwaukee
last
month, Peoria was frequently heard spoken
THE CHRONICLE.
936
of as "
Homer McCoy's town." It seems that not only Peoria
but the State of Illinois as well is his by popular vote of the
bankers in convention assembled.
—It
[Vol. lxxiii.
—Mr. William Wallace has been promoted from the post
of Cashier of the Omaha National Bank, of Omaha, Neb., to
that of Vice President. Mr. Charles B. Anderson, of Crete,
annouQoed that the Ninth National Bank of this Neb., is the new Cashier.
city has passed under control of interests closely identified
Robert M. Orr has tendered his resignation as Vicewith the Hanover National Bank through the purchase of President of the Corn Exchange National Bank of Chicago.
stock by those interests. At a meeting of the directors of A recent sale of the stock of this bank was made at 330,;being
the bank on Tuesday William A. Halls Jr., Vice-President of a record price.
the Hanover, was elected a director of the Ninth, and Nelson
—Plans for the reopening of the First National Bank of
A. Reynolds, who has been the city manager of the Hanover,
Austin,
Texas, are now under way, but pending the necessary
was appointed Cashier in place of Albion E. Chapman, who
authorization
from Washington no date has as yet been
voluntarily resigned that position, accepting that of Asfixed.
The
bank
was obliged to close three months ago, but
sistant Cashier, to which he was immediately appointed. The
it is stated that when arrangements for the reorganization
above-noted change in the control of the Ninth National was
quite recently determined upon, and it has been carried into are completed the State will be paid dollar for dollar. Mr.
John H. Kirby is mentioned as the new head of the institueffect since Friday of last week, when the initial movement
was made. The change of control cannot, it would seem, be tion and former President W. B. Wortham as Vice President.
is
—
otherwise than beneficial to the interests, not only of the
Ninth and of the Hanover, but to those of the banking in.
stitutions of the city as a whole. The Ninth National occupies an excellent location (407 Broadway) for mercantile
business, and onder the management of the Hanover's inThe
terest its patronage will doubtless largely increase.
bank was organized in 1864. In 1900 John K. Cilley, who
was then President, sold nearly the whole of his holdings of
stock, about 3,600 shares, to Charles
Imhoff the Vice
President, and Alvah Trowbridge succeeded to the presidency and now holds that position. The bank has a capital
of $750,000, and surplus and undivided profits of $71,600. It
was reported during the week that the
mover had secured
a large interest in the Mechanics' & Traders' Bank. This report was officially denied.
H
,
H
— Edwin Gould was on Wednesday elected President of the
reorganized Seventh National Bank. Edward R. Thomas
and William H. Taylor were chosen Vice-Presidents)
R. W. Jones Jr., Vice-President and Cashier, and Sullivan & Cromwell general counsel. The bank is still
operated under the receivership and it will continue to
be so operated until the receiver can be formally discharged by order of the Court, which will probably be
some time next week. It is propose! that those of the depositors who have had funds in the bank since the failure
shall be allowed interest at the rate of 3 per cent per annum
daring the period of suspension.
—The merger of
the Shoe
& Leather National
in the
Na-
Bank of Redemption, Boston, particulars regarding
which were given in this oolumn last Saturday, was consented to this week by ninety per cent of the stockholders of
the former, and the actual consolidation took plaoe on Thurstional
day. All checks outstanding after that date on the absorbed bank will be paid by the National Bank of Redemption.
—
At a recent meeting of the directors of the Maryland
Trust Co., Baltimore, Mr. Alexander Brown, who resigned
from the Board last spring, priorjto going abroad, was reelected as a director, and Mr. L. F. Loree, President of the
Baltimore & Ohio RR., was also elected to fill a vacancy in
the Board.
—
A very flattering report was made at the recent annual
meeting of the Bank of California at San Francisco. The
net earnings of the bank for the twelve months to September
30 1901 are stated to have been $741,568. Oat of this taxes
were paid and also dividends aggregating 16 per cent, and
even then a surplus of $347,791 remained, equal to 17 per
cent more on the stock. The total amount to the credit of
profit and loss is now $2,851,860.
The capital is $3,000,000,
and there is a reserve fund of $1,000,000 independent of the
$2,851,860 undivided profits. The officials of the bank are:
President, William Alvord; Vice-President, Charles R. Bishop;
Secretary, Allen M. Clay; Cashier, Thomas Brown; Assistant
Cashiers, S. H. Daniels and I. F. Monlton.
—The National Bank of
—
Mr. F. J. Kinney has been appointed National Bank Examiner in the district comprising Louisiana, Mississippi and
Arkansas, with headquarters at New Orleans. In this, a new
district, Mr. Kinney will have about 60 banks under his supervision.
— Among the institutions to whose
attention daring the last six
Bank
of Atlanta, Ga.,
months
growth we have called
is
which has found
it
the Third National
necessary to secure
The new offices
on
Monday, are
in the Empire Building, which were opened
not only commodious but have been famished in a manner
befitting an institution of its size.
Mr. Frank Hawkins is the
better facilities for carrying on its business.
President.
—
The corporate existence of the People's National Bank of
Norristown, Pa., organized in 1881, has been extended until
1921.
The bank has a capital of $150,000 and is managed by
Mr. S. K. Anders, President; John J. Hughes, Vice-President,
and Lewis Styer, Cashier.
—Mr. John A. Kling was added
to the list of directors at
the recent meeting of the stockholders of the Produce Exchange Banking Company of Cleveland, at which the old
board was re-elected. At a subsequent meeting of the latter
no change was made in the officials of the institution, who
were re-elected to their respective positions.
—Mr. Edwin L. Lobdell, of Chicago, has admitted into
partnership with him Messrs. Wm. Vincent Baker, Edward
D. Winslow and Harry B. Richardson, the new firm to begin
November 1, and to continue as bankers and brokers in
stocks and bonds in suite 430-440, The Rookery, Chicago.
Mr. Baker has served a long and successful apprenticeship in
the brokerage business, first with A. O. Slaughter & Co.
from June 1890 till August 1897, and thenceforward until
September last with Edward L. Brewster & Co., two of the
strongest houses in the West.
Mr. Winslow is an old and well-known Chicagoan, who for
four years past has been Consul General of the United States
to Norway and Sweden, with residence at Stockholm. President McKinley desired to re-appoint him, but he preferred to
return home and engage in active business. He will have
charge of the Bjard of Trade business of the new firm.
Mr. Richardson also was with A. O. Slaughter & Co. for
several years, but has been Mr. Lobdell's chief clerk for the
past
two
Farwell
years, since his separation
&
from the firm
of Lobdell,
Co,
of
chartered as a national bank), has turned over $220,000 in
cash to the Omaha National Bank to pay the depositors of
the Commerce, and will close up its affairs. The reason given
by President J. H. Evans for the retirement of the bank,
which
port National.
—Articles of incorporation were last week filed by the
Omaha, Neb. (orig- Lincoln Trust Company, which will locate in Jersey City.
then a State bank, and in 1890 The capital and surplus have been fixed at $100,000 each, the
Commerce
inally a private institution,
—It has been decided by the Davenport National Bank of
Davenport, Iowa, to go into voluntary liquidation. While
the bank is solvent, it is said that the business done by the
instituti in was not sufficient to warrant its continuance in
the field in competition with larger concerns. Its assets will
be purchased by the Union Savings Bank, the President of
which, Mr. Henry Egbert, was also at the head of the Daven-
is entirely solvent, is that $150,000 of the institution's
capital of $200,000 is in real estate, allowing a margin insufficient to compete with the large banks of Omaha.
subscriber paying besides the $100 for each share an extra
$100 for the surplus fund. Mr. Harry Louderbough has
been made President of the new company and Mr. Andrew
Spotts, Vice-President and General Manager.
Mr. Edwin M. Farrier, Assistant Paying Teller of the
Hudson County National Bank, Jersey City, is named as the
probable Secretary and Treasurer of the new organization*
November
It is
2,
THE CHRONICLE.
1901.]
expected that the company will be ready for business by
February
937
&
Co., is to be a low structure, having only three
while the rear, on Cedar Street, has been acquired by
the Mutual Life Insurance, for the purpose of protecting the
light of its building on the opposite side of the street.
Sjicyer
stories,
1.
—
Hoboken, N. J is also to have another trust company,
the incorporation being announced of the Home Trust Company, with offices at 51 Newark Street, llobokeu. The or,
ganizers of the institution are: Rob-ut A. Franks, West
Orange; Adrian 11. Joline, Bernardsville; Albert Rathbone,
—The Bank
Washington lights, a State
of
New York; George H. Young, Nutley; Arthur II. Van Brunt^
New York, and Adrian 11. Larkin, Nutley.
One Hundred and Fifty fifth Street.
—The United National Bank, capital
—The late M. G. Emery, President of the Second National
Bank
Washington, D. C, has been succeeded by Mr. W. V.
of
Cox.
—Mr. H.
A. Forman, one of the former Vice-Presidents of
the Fourth National Bank of St. Louis, Mo., has been elected
President of the bank. The new Vice-Presidents are Frank
A Ruf and
J. D.
Goldman.
—At their meeting
on Wednesday the stockholders of the
of Boston approved the increase
in capital from $250,000 to $500,000. As stated last week, the
surplus will profit to the amount of $125,000 by the sale of
the new shares. The increased capital and surplus will go
into effect on January 1.
Mercantile Trust
Company
—Temporary organization has been effected of a club composed of bank clerks of St. Paul, Minn., the object of which
will be to discuss topics pertinent to banking. Mr. C. S.
Diether, of the First National Bank, has been elected Secretary, and W. B. Ciow, of the St. Paul National, Chairman.
institution
with a capital and surplus of $100,000 each, the organization
of which was recently announced iu this departmeut, began
business this week at the corner of Amnter<laui Avenue and
$1,000,000
in surplus of $200,000, notice of the organization of
and paidwhich was
recently printed in this department, will open ror business
November 11 at the corner of Broadway and Forty- second
Henry W. Gennerich, the ViceHolm, the Second Vice President
Henry von Minden, the Cashier W. W. Warner and the Assistant Cashier Henry C. Strahmann.
Street.
The President
President
Charles
is
F.
—The Council of Administration of the New York State
Bankers' Association met at Buffalo on Monday, A. D.
Qaestions
Bissell, President of the Association, presiding.
of taxation, both State and national, were considered, and it
was decided to petition Congress for the removal of the war
revenue tax on banks. The next convention of the State
Association will be held in this city in October 1902.
— News was
received on Tuesday that
Frank Tilford had
Bank of New
recently resigned as director of the National
Mr. Tilford was formerly President of this
bank, resigning January 10, when he was succeeded by R. R.
—The receiver of the Pynchon National B ink of Springfield, Moore, the Vice President. Charles W. Morse, who had seMass., which closed its doors by order of the Comptroller of
cured a controlling interest in the stock, was then elected
the Currency in the latter part of June, on Tuesday began
Vice-President.
the payment of a 20 per cent dividend to the depositors and
other creditors. On approved claims of $1,085,000 the dividend amounts to $217,000. It is expected that another and
larger dividend will be paid in a short time. It is rumored
[From oar own correspondent.]
that a syndicate has offered to liquidate the accounts of the
London, Saturday, October 19, 1901.
bank, paving depositors in full.
It is announced in the papers that the Marquis of Salisbury
— The Colorado Springs Trust
Company has been organBank of Colorado
such began business last Monday. The bank
returns to town the middle of next week, and it is hoped that
as soon as the Prime Minister is back some serious efforts
will be made on the part of the Government to take energetic
measures to bring the war to a rapid conclusion. You will
have seen by the English papers going out by last week's and
this week's mail that a vigorous campaign has been going on
in the press here against the dilatory sleepy measures of the
Government. In this matter the press is doing no more
than its duty, and it is simply re-echoing in a more or less
literary form what ordinary people are saying in colloquial
language in the clubs and in general society, and wherever
men assemble together. There are signs that the Govern-
ized as successor to the Colorado Springs
Springs, and as
opened last May, succeeding the banking department of the
firm of Messrs. William P. Bonbright
Co. The trust company has a full-paid capital of $250,000. Its officers are:
President, H. G. Lunt. Vice-Presidents, John G. Shields and
D. V. Donaldson; Treasurer and Assistant Secretary, Irving
&
W.
Bonbright, and Secretary and Assistant Treasurer, Fred-
erick
W.
Stehr.
—
The appointment is announced of Mr. Josiah H. Gifford
as Cashier of the Merchants' National Bank of Salem, Mass.,
ment itself is awakening to the fact that although there is no
regular opposition capable of taking office, nevertheless the
Mr. Albert P. Goodhue as Assistant Cashier and Frank
as Teller. As previously mentioned herein,
Mr. H.M. Batchelder, former Cashier, was recently elected
President of the bank.
Ashby Brooks
country is very dissatisfied with the general apathy displayed
by the Administration, and that when Parliament meets in
February next they will find themselves in a very unpleasant
position, unless by that tima they have altered their tactics.
As far as can be gathered, it would appear that a deadlock
has been reached in the proposed new German commercial
treaties which were lately drawn up by the Imperial Government. It will be remembered that some of the provisions of
these treaties excited much indignation in Austria Hungary,
and especially in the latter country. Indeed, so hostile was
the feeling aroused that it was deemed prudent in high official circles in Berlin to pause, as, were the irritation to
increase in Hungary, the Triple Alliance might come to a
sudden end. It is not impossible that the purely offLial element in Berlin was very glad of the opportunity to check the
progress of the treaties; for to do the German Government
no more than justice, it has no real desir9 to pass the treaties.
It was forced to introduce many of their provisions in deference to the wishes, and, indeed, obstinacy, of some of its
staunchest supporters amongst what are called the Junker
—The
annual meeting of the Oklahoma Bankers' AssociaNovember 25 and 26. Mr. W.
L. Moyer, Vice-President of the Western National Bank of
New York and Mr. Breckinridge Jones, Vice-President of the
Mississippi Valley Trust Company of St. Louis, will, it is
tion will be held at Guthrie on
said, address the bankers.
—A
lease has been signed by the City Bank of Hartford for
the premises on the southwest corner of Main and Asylum
streets for a term of fifteen years beginning May 1, 11)03.
The lease of the present occupants will expire on April 1, and
during the month intervening the bank will have the offices
suitably fitted and furnished. In its new quarters the City
Bank
will be well equipped to handle the large patronage
enjoys.
it
Mr. Charles T.
Welles is President; Charles B.
Whiting, Vice-President, and Edward D. Redfield, Cashier.
—Messrs. Kean, Van Cortlandt & Co. have purchased a
plot of land 57 by 71 feet on the north side of Pine Street,
being numbers 28, 30 and 32. The land adjoins the plot recently purchased by Messrs. Speyer
Co. The City Real Prop-
class.
&
Every one can see now what a grave mistake even so
eminent a man as the late Prince Bismarck made in the
policy which he consistently pursued against the Roman
erty Investing Co. are jointly interested with Kean, Van Cortlandt
Co. in the purchase of the site and in the new
&
twelve-story building, the work on which will probably begin next May. The bankers will occupy the first floor and
basement.
offices, as
on three
The upper
Catholics, of
whom
so large a part of the^population, particu-
Southern Germany, is composed. To form a great
Catholic Party, as it has come to be called, was one of the
larly in
stories will be especially desirable for
they will have light and air permanently secured
sides.
The adjoining building, to be erected by
Amsterdam.
I
gravest errors of his internal administration. In the natural
course of things the Catholic Party would have been moder-
THE CHRONICLE.
938
[Vol. LXXIII.
Messrs. Pixley & Abell write as follows under date of Ocformer than the latter; bat in any case there wonld never tober 17
Gold— The demand for (Jermany and Austria ha« b< en particularly
have fallen a hostile party arrayed against the Government.
keen, and the whole of the lar*e arrival from the Cape has been taken
Prince Bismarck's bitter hostility to the Vatican and all its for Berlin. In addition, £230,000 has been purchased ItOta the Bank
work made this attitude on the part of the Catholics impossi- in German gold coin. The Hank lUM lost £450,00 niuce our laat, of
ble and the result was the formation of the Centre. Conse- which £200,000 nan been sent to Egypt Three hundred and eleven
quently the German Government has to rely for support in thousand pounds sterling Is due from the East on Monday. Arrivals
the Reichstag to an extent quite disproportionate with their Australia, £16,000; Capo Town, £414,000— total, £430,000. Shipnumbers on the ultra- Conservative or Jingo Party. These ments: Calcutta, £10,000.
Silver— The downward tendency of silver has continued. The Strait
men are for the most part great landowners, and they have
suffered as have the landowners of the whole landed interest have bought regularly, but only for small amounts and also only for
in the old countries from the great depression that has vis- forward delivery. The canh market is the weak feature, and we quote
ited the agricultural interest in every country which has to-day 26 U d. cash, 26 5 d. forward, with perhaps a steadier tone In
been for a long time inhabited. The Junker Party are natur- the absence of sellers. The urice in India is Rs. 67V Arrivals: New
ally not economists, and they hope to improve their position York, £147,000; Australia, £2,000-total, £149,0C0. Shipments
and in some cases to save the wreck of their fortune by in Bombay, £85,000.
ducing the Government to pass extravagant duties for the
Mexican dollars— These ooln have dropped slightly, in ajinpathy
sole and simple purpose of protecting agriculture. Now, at with silver, but there has been a lair business, and we quote 26 5 i«d.
the present time Germany is making extraordinary progress Arrivals New York, £31,000.
as a manufacturing and commercial nation, and the Govern
The quotations for bullion are reported as follows:
ment rightly wishes to assist it in that direction. The commercial treaties, however, hamper the Government in the
ately conservative or moderately liberal, rather probably the
>
:
,|
>)
i
:
:
of this policy; and were the Government in a
position to rely upon some support other than that of the
Jingo Party, it would be manifestly for the interests of
pursuit
Gold.
London Standard.
Oct.
Od.
17.
10.
a.
Germany.
Bar gold,
Money remains very easy in London. Day to day loans
are readily obtainable at between 1 per cent and 1}4 per
cent and even in the discount market under 2% per cent is
asked for bills maturing in the middle of January, and only
the Bank rate, that is 3 per cent, for what are called longdated or six months' paper. This is wholly due to the enormous amount of French money at present being employed
in London. Estimates of its magnitude vary; but all are
agreed that it is unprecedentedly large. Of course after this
country has been at war for two whole years, it is of immense advantage to London to have a large amount of
French money employed here; but at the same time it cannot be denied that the French bankers have a control over
our money market that is not wholly desirable. Of course
the great French bankers would do nothing to cause stringency here if they could avoid it; but in the event of an occasion arising when they would want to withdraw gold, rates
would rise rapidly.
Upon the Stock Exchange business remains as lifeless as
ever. The certainty that we have once more to face a Government war loan depresses consols and high' class investment securities. The speculative markets are weak, partly
owing to uncertainty as to the mood of the great operators
upon your side, and of course so far as the mining sections
are concerned, owing to the war.
Although so far as produce is concerned, we are only importing on any considerable scale jute from India, nevertheless the India Council is experiencing quite a remarkable
demand for its drafts. At this time 12 months ago it was
only offering 25 lacs a week. On Wednesday last it offered
50 lacs, and the total applications exceeded 750 lacs at prices
ranging from Is. 3 31-32d. to Is. 4d. per rupee. The total
sales for the financial year so far have realized <$% millions
sterling, comparing with 43^ millions stering 12 months ago.
The following return shows the position of the Bank ol
England, the Bank rate of discount, the prioe of consols, &c.
gold ooln...oz. 76
Germ'n gold ooln.oz. 76
French gold ooln.oz. 76
XXX
1901.
Oct. 16.
1900.
Oct. 17.
X
Oironlatlon
Public deposit!
Other deposits
Government securities
29,696.190
io,iS9.207
2P,769.9fO
8.592,701
40,964,806
20,191,034
26.764.069
2 1. 47S. 631
33,473,491
41.171,7; 1
18,016.766
25,9f.4,380
26,255,939
Other securities
Reserve of notes and coin
Coin A bullion.both departm'ts 87,177.129
Prop, reserve to liabilities. d. o.
49
Bank rate
percent.
3
Consols, 2% per cent
9S%
26 9-ied.
198.076.000
Olearlns-House returns
The rates
for
Bank
£
5
Sept. 21 3
"
88 8
Oct.
6 3
"
12 3
1»
3
27,311,8P0
7,296,b97
S4.72l.362
ll,406,d40
27,773,419
20,631,884
81,148,741
82,426,1-08
21,519.630
82,904,820
41%
4
6
103 11-16
86 11-16(1.
178,187.000
182.400,000
Iraae Bids.
Bills.
6 Months.
SMos.
2 16-16
2X@2%
8 6-16
2 11-16
8 16-16
2^@2 6-16
2X
8 b-V®2%
3X@2%
2%
2X
The Bank
8^4
2«@254
4
10K^
87 11-16(1.
169.496.00lJ
m
2«@8
2 13-lf ®2Jt
2 15-16®3
294@3
Joint DiB'tH't.
Stock
Mos. Banks Call Dayi
3@SH
3Vfi@3>4
3@3H
3@3^
3@8M
IX
IX
IX
IX
IX
IX
IX
IX
1%
Japanese yen....oz.
m
Interest at
Berlin
Bank
Open
Rate.
Market
3
2^
4
3
8
4
4
3
3
4
Petersburg.
Madrid
5X
Oopenhaaen.
S
Bt.
..
4
3
25i
2*
8%
nom.
4
5
Oct. 4.
3
4
4
4
8
3
4
5X
2X
2X
2X
2X
2%
2%
3%
nom.
3
4
4
4
3
3
4
6X
4
4
4
6
5
6
m
3
IX
2%
2«
4
3
4
8
254
3
2*
2X
4
3
3
3J4
4
nom.
4
6
6X
2X
2X
8X
nom.
4
4
5
6
d.
d
7711% Bar silver, fine. oz. 26»i 8 2611 lc
Do 2 mo. delivery 26»b 26H ie
76 6%
. .
Bar silver, contain'^
76 6
do 5 grs. gold.oz. 27i,„ 273,
76 6
do 4 grs. gold.oz. 26'% 27
76 5\
do 3 grs. gold.oz. 26H 18 2613 16
2813 16
dollars. oz. ae 5 is 260 18
IMPORTS.
1900-01.
10,052,600
2,801,400
3,947,900
177,610
365,100
270.040
5,472,100
5,964,900
2,406,600
2,587,300
Beans
Indian corn
Floor
1899-00.
7.277,100
2,028,500
2,482,600
865,000
187,060
6,550,400
2,757,600
1898-99.
6,455,700
3.6V0.800
1,786,670
235,180
289,550
5,971,600
2,154,230
Supplies available for consumption (exclusive of stooks on
September
1):
1900-01.
1901-02.
2.587.S00
3,112,823
1899-00.
7,277,100
2,757,600
4,209,245
1898-99.
6,455,700
2,154,230
3,640,390
15,752,723
14,243,945
12,250,320
Wheat imported, owt. 7,635,700 10,052,600
Imports of flour
2,406,600
home-grown. 4,146,959
Sales of
Total
14,189,259
Aver.prloe wheat, week. 25s. 9d.
Average prioe, season. 25s. lid.
28s.
28s.
9d.
7d.
26b.
25s.
Od.
od.
60.
26s.
26b.
Id.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Wheat
qrs
Flour, equal to qrs.
Maize
This week.
«
or* oon
*>*™>
vw \
>
\
are...
5
645,000
Last wee*.
1,900,000
325,000
720,000
1899.
1,675,000
315,000
940,000
1900.
2,040,000
290,000
540,000
EotflUfci Financial Markets— Per Cable.
The dally closing quotations for securities, etc., at London
are reported by oable as follows for the week ending Nov. 1.
LONDOR.
Silver,
Sat.
per ounce
Consols. , new. 2 % p
.
d.
ts
For aooount
263s
92na
9214
Mon.
Tuet.
Wed.
TKurt.
JW.
26;16
91 78
91 15 16
26X
26 &8
92i«
269 16
26%
tV oh rentes (In Paris) fr 100-30 0045
68 78
68%
Spanish 4a
7X
923, 6
7X
99%
108%
Preferred
Canadian Pacific ......
96X
9b%
1135s
80 X
Chesapeake & Ohio....
Chlca. Great Western..
Ohio. Mil.
&
St. Paul...
Gr.,com....
do Preferred.
&Rio
Den.
Do
Brie, common
1st preferred
2d preferred..........
Illinois
Central
& Nashville..
96%
113%
46 X
71^8
57 X
tl42% 142
10638
22*8
23
26X
105%
75%
21%
Do
Do
*
preferred.
Deb.
"B"
Price per share.
92
92
113
47
ft
<E
H
25X
25X
174
45 X
174%
J5
45%
94X
<
425s
(J
94X
42 X
71X
22%
225a
50
7X
80%
99X
1C8X
96%
14X
26%
51X
161X
71%
57%
1-1
CD
<
142X
105 78
22%
13%
26%
w
OD
o
5138
34
353a
162%
35X
57
57X
583s
©
91X
91
92
55
104
75
106X
160X
103X
3958
39
39%
75%
22%
39X
27%
61%
26*8
2738
27 Sg
60%
32%
61X
32%
618a
333a
89is
t
4688
57 X
142
106
56X
255s
92
96%
141
lOoSs
27
35X
57%
20%
37X
59X
70 X
14
5138
75%
21%
39%
44X
93X
41%
14X
162%
27 X
Southern Paoiflo
613s
33 X
South'n Railway, 00m.
Preferred
89X
104 X
Onion Paoiflo
92
Preferred
43 Ss
U. 8. Steel Corp., com.
do
pref.. 94 %
Do
Wabash
25
173
42X
pref. 92
Pacific, pref.. 106
A Bead
26X
42X
71%
do
*Phila.& Read., let pref.
•Phila. & Read;. 2d pref.
113
46
112*8
455s
94
51
Hudson.. 162
ST. Y. Ontario & WeBt'n
35%
57%
Norfolk <fe Western
*Phlla.
107
94
&
Northern
Pennsylvania...
1065s
45%
Preferred
N. Y. Cent'l
99
175X
1066s
7X
sox
79X
98X
26%
173X
45%
57 X
92%
92%
loofo 10080 10099
69
69X
69X
7X
& Santa Fe.. 80
Preferred
996s
108%
Baltimore & Ohio
Anaconda Mining
1%
Bank Open Bank Open Bank Open
RaU. Market Rate. Market Rate. Market
10.
!
1901-02.
.mp'ta of wheat, cwt. 7.635.700
Barley
3,515,200
JatB'
2,390,900
Peas
194,800
Louisville
Sept. 87.
Oct.
17.
The following shows the imports of cereal produce into the
United Kingdom during the six weeks of the season
compared with previous seasons
Do
Oct. 11.
Oct.
2888
Mexican Central
Mexican National
Bio. Kan. & Tex., com..
m
and open market rates at the
have been as follows:
Oct. 18.
d.
..
SILVER.
London Standard.
Mexican
1%
rate of discount
ohief Continental oities
a
7711%
6%
6%
6%
76 6%
oz.
Atoh. Top.
Interest allowed
for deposits i>v
4 Months.
3 Months.
49
4
as follows:
Open Market Ratei.
London.
oq
28,185.190
7,«65,60i
44,064.613
15,686,990
43 3-10
money have been
V
a
1898.
Oct. 19
98 18-16
20 3-16(1.
.
Silver
1899.
Oct. 18
fine
8.
'
74i«
213s
104%
88
102 5g
92
90
2158
89
1038a
91
43 X
o
10183
as
91
43
425a
92ifl
93%
20X
37%
20
205a
205s
37X
37
60
58X
Ex-righta.
a
(4
o
94
59
O
32%
88%
435s
36 X
<
K
93%
60%
November
2,
THE CHRONICLE.
1901.]
pHsceUaue0tts 2£ettfB
Gorarajercialatxd
National Banks.— The following information regarding
national banks is from the Treasury Department.
NATIONAL BANKS ORGANIZED.
to October 96.
Certificates Issued October
5,985—The Citizens' National Bank of El Reno, Oklahoma
Capital, $50,000.
',i
I
h
I
i
I
r*
T. Bmith, President
II.
The following table shows the exports and imports of
ipeoie at the port of New York for the week ending Oct. 26
tnd einoe Jan. 1, 1901, and for the corresponding periods In
1900 and 1899.
EXPORTS AMD IMPORTS OF BFEOIE AT HEW TORK.
Sine* Jan.
Week.
Terrltorv.
Capital,
Uossllu,
A. B. Hammond, President; Win. <;.
G. L. Roberts, AsVioe-Preel lent
11. F. Charter*, Cashier;
sistant Cashier.
5,987—The First National Bank of Abbeville. Alabama Capital,
$27,500. A. 8. Stca^all, President F. M. Holley, Cashier.
Capital,
5,988— The First National Bank of Fertile, Minnesota.
$100,000.
;
Week.
I
SinceJan.l.
$1,764,851
18.209,788
7,584,567
ireat Britain
I
5,986-The First National Bank of Eureka, California
Import*.
JCxporl*.
Gold.
Otto A. 8hutte'e,
;
939
franoe
term any
80.400
14,040
38,182
703,587
48,868
30,515
1,114,500
25,000
Vest Indies
•244.196
1,178.868
Mexico
South America
ill other countries
1,478,146
416,810
712,455
76.524
60
:
Total 1901
Total 1900
Total 1899
Norman Hanson,
II Matthews, President
Conversion of the Fertile State Bank.
5,989— The Merchants' & Miners' National Bank of Idaho Bprtngs,
Colorado. Capital, $35,000. O. B. Birklns, President
$25,000. William
;
Cashier.
12,500
50,567
5,990— The United National Bank
of
Henry
Capital, $l,O00,C00
ren W. Warner, Cashier.
\V.
New
York.
Qennerloh, President;
War-
City,
5.991— The Commercial National Bank of NaooRdoches. Texas Capltal. $50,000. T. J. Williams, President; Wm. 8
Patton,
Cashier.
5,992— The City National Bank
of Childress, Texas. Capital, $25,000.
Bobert L. Ellison, President; Biinon P. Britt, Cashier.
5,993 -Southwestern National Bank of Los Angeles. California. Cap-
John
$300,030.
Nesmlth. Cashier.
ital.
S.
Cravens, President;
Lorlng
$25,000. Frank H. Young, President; Harvard Lomax,
Cashier.
5,996— The People's National Bank of Georgetown, Ohio. Capital,
$50,000. James Waterfleld. President; J. W. Kehoe, Cashier.
5,997— The First National Bank of Dana, Indiana. Capital, $25,00 J.
Samuel E. Scott. President; Charles h. Wolfe. Cashier.
5,998 -The First National Bank of Matthews, Indiana. Capital,
$25,000. Jno. H. Wood, President B. R. Cole, Cashier.
5,999— The First National Bank of New Matamoras, Ohio. Capital,
$25,000. John Shannon, President RiohardT. Brown, Cashier.
6,000—The First National Bank of Castlewood, South Dakota. CapiAndrew J. Preston, President; Hiram H. Curtal, $25,000.
tis, Cashier.
Conversion of Hamlin County Bank of Castle;
;
STranoe
Germany....
of
City, Iowa, until close of
Castlewood.
The Bank
of Commerce of Norfolk, Virginia, into the National Bank
of Norfolk. Capital, $250,000. Blanks sent to Nathaniel Beaman, Norfolk, Virginia.
The BaDk of the State of New York into the National Bank of the
State in New York, Nob. 33 and 35 William Street, New York, New
York. Capital, $1,200,000. Blanks sent to the Bank of the State of
Commerce
York.
The Bank of Elizabethtown, Kentucky, into the Hardin National
Bank of Elizabethtown. Capital. $50,000. Blanks sent to W. C.
Montgomery, Elizabethtown, Kentucky.
The Chanute State Bank, Chanute, Kansas, Into the National Bank
of Chanute. Capita', $50,000. Blanke sent to George N. Llndsey,
Cashier.
The Merchants Bank of Rugby, North Dakota, into the First National
Bank of Rugby. Capital, $25,000. Blanks sent to W. D. McCllntock,
Rugby, North Dakota.
Total 1901....
Total 1900....
Total 1899....
Week.— The
following are
week ending
for
dry goods
Oct. 24 and for the week ending for general merchandise
Oct. 25; also totals since beginning first week January.
BANKS
Oapital. Surplus.
Merchants'
Mdohantos'
America
Phenlx
Olty
Uhemloal
Merchants' Ex..
aallatin
Butoh.A Drov's'
Meoh.A Traders'
9reenwloh
Leather M'f'rs..
State of N. Y.
Amerioan Exoh.
Commerce
Broadway
Mercantile
Paciflo
Chatham
People's
North America..
Hanover
Irving
Ultisens'
Nassau
Market A Fulton
-4
hoe
Leather.
<b
Oriental
fmp't'rs'&Trad.
East River
Fourth
Central
Second
Ninth
First..............
1901.
1900.
Herman Amerl..
Ohase
Fifth Avenue...
Herman Exoh...
liermanla
Ltnooln
Fifth
1899.
1898.
Bank of Metrop.
West Side
seaboard
Western
Total
Since Jan.
,
$1,885,173
9,802,368
$1,768,374
9,349,277
$1,693,108
8.535,707
$1,411,453
7,886,802
$11,687,541
$11,117,651
$10,228,815
$9,298,255
$87,938,521
369,020,150
$97,150,338
342,865,328
$85,748,274
888,750,457
$77,270,156
276,962,261
1.
Dry Goods
Gen'l mer'dlse
Total 43 weeks J456.958.671 $440,015,666 $424,498,731 $354,282,417
The following is a statement of the exports (exclusive of
ipeoie) from the port of New York to foreign ports for the
week ending Oct. 28, and from January 1 to date.
EXPORTS FROM NEW TORK FOR THE WEEK.
Loan*.
1st Nat., B'klyn.
Liberty
N. Y. Prod. Ex..
New Amsterdam
astor
Hide
A
Leather.
1900.
1899.
1898.
$10,637,626
412,285,665
$11,095,777
436,631,231
$10,316,745
377,154,405
$9,947,932
876,058,907
Total 43 weeks $422,923,291 $447,727,008 $387,471,150 $386,006,839
Note.— As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also oomplled by the Custom House, we shall from
time to time adjust the totals by adding to or deducting from the
amount "previously reported."
$
2,166,2 18,992,0
2,093,0 23,600,0
1,138,7 12,781,4
2,317,2 14,309,0
3,097,0 19,226,0
267,8
4,871,0
6,630,3 117,870,8
7,000,4 23,560,0
5,340,8
268,8,
1,984,7,
9,961,8
73,l|
1,103,8
133,0'
2,660,0
184,1
943,5
516,8
4,246,7
554,1
4,318,2
3.411,2! 30,097,0
7,094,6 73,287,6
6,797,8
1,687,3
1,361,8 13,726,3
612,4
2,709,4
6,926,0
977,9
360,8
2,365,3
1,026,8 11,674,3
6,666,2 48,693,4
4,272,0
475,3
382,6
3,375,7
289,8
2,406,2
1,012,2
6,071,8
4,113,4
225,01
1,849,7 22,63i,0
2,067,7
406,9
8.104,4 24,058,0
3,968,7 49,974,0
leo.o!
1,179,0
2,563,2! 23,828,0
685,2 10,391,0
9,370.0
996,0
1,905.6
71,6
77,171,9
11,407,9
128,3
3,665,9
3,155,0
743,7;
3,898,7
604,2
404,8'
3,501,4
2,667,3 42,190,2
8,903,4
1,407,9
2,380,1
584,8
3,048,2
866,7
1,014,8 13,084,8
7,678,0
1,158,1
2,178,1
371,7
6,958,7
1,110.71
2,644.0
436,6
1,016,8 12,529,0
2,378,2 36,460,1
4.6H4.0
620,4
759,0!
6,737,8
4,455,3
443,4
7,986,7
603,3
418,5
4,036,0
2,749.2
369,1
BeDeposits ttrv*
LlQdlt.
Specie.
9
2,937,0
4,961,0
1,850,1
2,883.0
3,021,4
991,0
3,527,9
854,0
210,0
81,859,0
4.811,0
911,1
1,100,6
286,3
320,0
110.6
976.3
492,5
7.195,0
8,727,8
1,277,2
2,691,8
217,1
785,0
188,2
1,586,8
8,182,3
675,6
809,2
341,7
1,224,2
962,6
3,875,0
193,5
3.776,0
15,875,0
213,8
4.038.7
2,180,0
1,630,0
249,5
22,133,6
736,3
390,0
658.0
667,8
10,969,2
2,102,1
211,0
8,258,4
2.653.4
643,0
963,4
62,9
203,0
130,3
183,1
357,7
1,074,0
5,850,4
361,0!
1.647,2
414,1
899,1
400,0
1,229.0
1
409.0
2,090.0
1,440,7
421,9
1,311,1
378,0
1.347,0
8,445,1
621,0
1,337,6
742,8
1,419,3
800,0
576,1
P.O.
«
1,628,0
1,975,0
1,765,8
18,630.0
27,416,0
14.848.5
15.094.0
21.505.1
4,616,0
138,081,2
23.967.6i
6,697,6
8,294,7
1,289,1
3,003,0
817,7
246
_
252
243
253
268
23'0
28-0
311
25-5
24 8
270
174
29'4
_
4,135,0; 27-5
4,056,6' 20 9
25.987.01 31'8
62.867.6 23-1
6,297,li 268
14,940,61 28'3
8.268.11 19-3
6,097,8:37-8
3,824,0 20-7
11.784.2 238
5,958,3; 68,729,8; 26-2
4,359,0 24 2
481,7
251,6'
3,924,0 270
388,3'
2.958.7 34-8
6,633,2 30-8
822,5
298.1
4,775.9, 28-4
2,373,0 26.514,0 23-5
2.015,4 25-9
328,6
1,421,0 21,826,0 23'8
2,721,0 64,111,0 29-0
1.372.8 288
180,6
2,489,0 25.361.6 25-8
1,401,0 13,250,0 268
1,188,0 10.843.0 257
2,051,4, 23-9
241,1
2.384,3 79,671.11 30-7
3,874,0 28-9
887,1
867,0
3.377.0 331
4,417,6 32-3
328,0
3.356,4 24-4
281,1
1.782,7 60.448.1 25-2
9,893, 4 ,25-4
413.4
3.108.4 27-5
646,7
4.461.81 17-9
392,7
2.050.0 15.747.7 26-2
7.623.5 28-2
329.5
2.396.1 251
180.5
7.670.6 246
580,6!
2.P42.0 34-7
351,0
2,159,0 14,604,0 240
3,686,9 43,033,6 35-8
4.847.0 24'4
665,0
6,722,8; 26'2
425,0
4.851.2 24-3
318,2
232
9,212,6
719,8
4,005,0 250
202,0
2.158.3 31-6
104.5
81.722.7 98,843,7 884,589,7 1829428 70,394,4 954,496,1 38-5
Total.
New York City, Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
Banks.
Oct.
1901.
|
•
2,000,0
2,050,0
2,000,0
2,000,0
1,500,0
1,000,0
10,000,0
300,0
600,0
1,000,0
300,0
400,0
200,0
600,0
1,200,0
5,000,0
10,000,0
1,000,0
1,000,0
422,7
460,0
200,0
1,000,0
3,000,0
600,0
600,0
500,0
900,0
1,000,0
1,400,0
300,0
1,600,0
2.000,0
250,0
8,000,0
1,000,0
300,0
760,0
10,000,0
300,0
250,0
200,0
760,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
200,0
300,0
200,0
600,0
3,100,0
300,0
600,0
1,000,0
260,0
360,0
600,0
Capital dr
Surplus.
Loam,
177.934.2
180,686,4
180.686.4
180,666,4
878,558.2
870,900,7
874,939,2
884,589,7
nTy.*
For the week..
Prev. reported
$3,112,854
3,831,809
3,288.858
—
Gtorfleia
FOREIGN IMPORTS.
Gen'l mer'dlse
$97,888
35,977
84,172
New York City Clearing House Banks. Statement of
oondition for the week ending Oct. 26, based on average of
We omit two ciphers (00) in all cases.
ially results.
Bowery
Dry Goods
$474,845 $39,129,090
42,762,660
88.262,032
1,019,820
685,368
coin.
N. Y. County....
For week.
93,881
2,452
1,555
Of the above imports for the week in 1901, $34,410 were
American gold coin and $2,452 American silver coin. Of the
exports during the same time §25,000 were American gold
N.Y.Nat'lExch.
for the
223
24,431
2,491
viexloo
Corn Exchange..
New York
$25,283
4,720
225,041
2,321,476
498,850
37,261
South America ..
ill other ooun tries.
of N.Y....
Manhattan Co...
business Ootober 10. 1921.
the imports at
Since Jan.l.
9
2,220
247,467
21,250
.....
-Vest Indies
i
Imports and Exports fob the
Week.
$474,845 $38,133,736
697,495
J reat Britain
Bank
2,587— The Pemlsrewasset National Bank of Plymouth, New Hampshire, until olose of business Ootober 19, 1921.
2,586—The First National Bank of Creston, Iowa, until close of business Ootober 22, 1921.
2,580—The James River National Bank of Jamestown, North Dakota,
until close of business Ootober 25, 1921.
APPLICATIONS TO CONVERT STATE BANK.
Approved October 7 to October 2G.
The Hamlin County Bank of Castlewood, South Dakota, into the
First National Bank of Castlewood. Capital, $25,000. Blanks sent to
H. H. Curtis, Castlewood. South Dakota. This application in place of
one approved August 12 for title The Hamlin County National Bank of
New
Import*.
Since Jan.l
Week.
wood.
business October 6, 1921.
2,574—The First National Bank of Mason
5,666,668
18,397,602
U.
Bank of Wailuku. District of Wailnku, Territory of Hawaii. Capital, $25,000. Chas. M. Cooke, President; C. D. Lufkln, Cashier.
5,995— The Cu'ter National Bank of Broken Bow, Nebraska. Capital,
CORPORATE KXISTEHOE OF NATIONAL BANKS EXTENDED.
2,571—The First National Bank of Glencoe, Minnesota, until olose
3,394,893
28,954
Stiver.
5,994 -The First National
of
47,431.619
25,961,146
Exports.
;
New York
67,682 $4,106,989
$2.5,000 $29,456,676
"
5..
13.,
19.,
28..
Bi ••
Oct. 12..
"
19..
"
28..
I'hlln.'
Oct. 12..
'•
1"
•
19..
28..
t
i
Specie.
9
1803546
1826019
1819419
1829428
67,632,9 198,573,0 17,991.0
67,632,9 193,908,0 17,692,0
67,632,9 158,410.0 17,838,0
38,716,8 177 415.0
88,715,3 178142
38.715,3 177'773'0
Wt omit two cipher* in
t Inoladtnu for
all the**
Legal*.
$
71,093,7
70,653.6
69 802,4
70,394,4
\
Cire'l'n. Clearing*
Deposits.*
$
$
$
943,653.1 30,618.1 12828032
13216440
945,114,1 81.378,7 13373092
12980804
964,498. l|31. 763,2
942.888,1' 130,983.8
7,749,0 220.206,0; 8,085.0 144.300,9
7.899,0 323.945.0 8.056.0i 143 794,5
8,198,0 223,503,0, 6,066,0 133,101,0
68,603,0
64,814,0
66,399,0
205,688,0
209.359.0
1
1308,604,0'
9,845,0 96,323,9
9,813,0 107.615,1
9.733.0 113,793.4
hqwre*.
Boston and Philadelphia the Item
du« to other banks.'
THE CHKON1CLE.
940
—
The exports from the several seaboard porta for the week
ending Oct. 26, 1901, are shown in the annexed statement:
Reports of Non Member Banks. The following Is the
statement of condition of the non-member banks for the
week ending Oct. 26, based on averages of the daily result.
We omit two ciphers f00) in all cases
BANKS.
Capi-
(00i omitted.)
tal.
NlW YORK
Sur- Loans &
plus.
Invest- Specie
Aji'fc.'
ments.
Notes
Whsat.
Mxports fr$m— bush.
»ew York
Portland, Me.
Philadelphia..
Net
Other Deposit,
Agent. Bks.&c
Vlear'g
New
I
100,0
Colonial
<
26,9
1702,2
140,9
Columbia
800,0 217,0 2546,0
Eleventh Ward.... 100,0 126,6 1120,1
67,2
66.9
Fourteen tn Street. 100,0
82,3 1360,8
19,1
&»n»evoort
200,0
20,0 1U97.0
200,0 100,0 1667,1 102.8
Hamilton
260,0
Mount Morris
69,6 2254,1 119,4
Mutual
Nineteenth Ward.
Plaza
Riverside
State
Twelfth Ward
Twenty-third W'd.
Union HQuare
Yorkvllle
Washington
Fidelity
Variok
JeBereon
Century
Nat. Commercial
.
200,d 168,7
200,0 147,8
100,0 222,6
100,0 129,6
100.0 283,8
200,0
42,7
100,0
76,4
200,0 869"
100,0 223,3
100,0
30,8
200,0
96,1
100,0
69,1
200,0
64,1
100,0
62,2
800,0
11,6
1462.1
89,1
24,3
1483,9
2376,0 224,1
18,7
1038,2
8667.0 8100
86.0
1848.0
1028,8
45.2
44.7
2348,3
69,7
1434,0
10,6
694,8
9,1
441,5
10,8
896,6
8,6
662,3
6,3
193,6
54,3
344,8
160,0 126,1
100,0 180,3
800,0 167,4
100,0
34,8
100,0
73,9
61,0
160,0
262,0 437,3
500,0 360,6
100,0 186,8
100,0
23,8
300,0 625,6
300,0 573,5
100,0 144,7
100,0 123,9
78,2
100,0
200,0 243,3
54,2
100,0
100,0
60,6
100,0
55,9
1218,8
1665.6
t
f
f
12,1,0
120,0
97,0
61,2
62,6
71,8
111,1
87,5
114,5
176,0
236,0
201,9
801,0
139,4
214,0
102,0
120,2
265,8
174,8
325,0
112,0
81,4
66,0
153,0
84,0
47,5
105,6
126,7
62,0
30,0
98,1
133,8
22.6
44,2
165.0
150,0
106, a
206,8
133,0
380
26,1
71,8
67,6
21,1
16,6
1850.0
2746.0
1263,5
1603,3
1462,1
1741.2
8,0
25,0
'2,7
5.0
21*22,0
52,2
100,3
1630,3
1838 8
2707,0
1107.9
4240,0
87 6
195,0
1705
6"6"9
0,2
1169,1
2604,4
1472,6
678,6
366,7
933.6
731,3
ib'.i
302,7
8
6
'6
9,6
"0,4
Broadway
Brooklyn
Eighth Ward....
Fifth Avenue...
Kings Countv...
Manufaet'rs' Nat'l.
Mechanics
Mech's' <fc Traders
Merchants'
Nassau National..
National City
North Side
Peop'es
Seventeenth Ward
Spragne National.
Twenty-sixth W'd.
Union
Wallabout
Borough of
Richmond.
Bank of Staten
1st Nat., Sta ten
87,0
180,0
36,0
26,0
27,8
20,7
166,6
142,3
71,2
11,8
16,6
63,8
12,1
80,9
26,6
340,0
169.6
21,9
3781,7
960,8
757,6
6.3
8885,0 177,0
2788,0 125,0
903,1
10,6
959,7
37,3
632,7
8.9
1180,0
94,9
492,8
10.9
649.4
28,8
839,3
36,8
67,1
289.0
270,0
44,1
48,4
46,7
17,0
27,7
67,6
28,9
Isl
Isl
128,6
181.6
130,1
47,8
63,8
100.5
78,7
326,1
16,9
260,3
10,0
116,9
"6.'8
11,6
9,0
68.2
82,0
527,0
44,0
72,0
367,0
73,6
6?,8
16,9
67,0
3,8
63,3
66,1
42,1
86,1
161,0
144,7
68,7
56,9
42,0
1309,6
1786,9
1189.6
359.8
674,8
718.6
3208,3
4406.4
996.0
809,2
4111,0
3094.0
868,0
999,1
634,6
1039,0
585,8
738 8
844,6
400,0
260,0
260,0
200,0
110,0
126,0
Datroit
Cleveland ..
at. Louis ...
Tot.wk.l90i
wk.'OO
wk.'OQ
7.467
231,811
191,202
38.400
20,340
227,650
88,190
240,000
98,984
70.787
7.300
96,62)
42,048
74,907
18,418
64,116
127,001
68,655
829,413
230.400
118,171
244,800
162,000
6,250
11,100
66.900
630,100
248,300
103,200
18,800
871,600
335,400
168,600
6,507.960
P.669,158
2,910,682
1,854,011
6436,267
3,768,6£8
8,191.183
2,358,902
822,140
188.084
6,625,066
4,489,472
8,468,107
1,954,688
284.fc80
6,008,804
96,085,906 88,253.171
46,717,280
6,450,098
5.«88.'96
89,365,456 49.628,873
7U.887 «29 69.4H7.. fig
65,635,303
f6.6H9.5H5
161,034
67,669
26,171
78,701
116,174
",520
15,833
U5.908
17,963
Philadelphia,,
Blohmond
Orleans*..
MewportNews
6,824
135.6WH
612,797
486,900
2,847,277
2,351,867
48,1
Total week,
1800
16,458
.
.
16,583,346 4.290,113
16,164,891 1,788,139
12.010.86fl
2,386.016
0,286,131
2.637.924
1,858,132
1,767,819
Outs.
B*rlty
RMS.
bush.
bush.
249.300
200,112
140.312
124.274
29,627
14,860
122.0C0
709,300
85,121
18,662
79.4C8
83,812
21,163
30,875
122.300
1,082
20.474
42,400
1.093
hush.
15,600
The
of—
Wheat
Corn
Do
Oats
Barley
878,475
3.9O7.023
972,840
1,103,838
187,329
248.193
Rye
Total grain.
1
to Oct, 26
1901.
18,261,689
1900.
17,984,980
1899.
17,784.273
bush
,136,602,768
84,606,843
146,313,208
99,677,844
164,964,429
81,694,818
9,078,216
5,067.640
••
62,079,044
4,174,081
8,401,817
"
"
bush.
1.076,000
43,000
4,703.00"
50,000
l,099.ooo
981,000
afloat
Boston
Philadelphia
3al tlmore
New Orleans
389,000
284,000
65,0 Uu
102,000
640.000
613,000
246,000
136.000
88,000
Salveston
Montreal
TorontoBuffalo
Do
Corn,
Whst-t,
bush.
initoreat—
*ew York
304,980,648
16,018.294
20,715,822
43.000
66,000
2,476,000
1,827,066
470,000
666,000
678,000
1,051,000
639,000
818.000
6.066.OOC
7,i34,6o'5
a»e,
bulk,
BerUt
86,«00
119,000
busk.
6,0^0
191,000
29,000
'
36,000
55.000
681,000
ia'.ood
''
868,000
8,000
afloat
"tetroit
Do
afloat
Do afloat
Milwaukee
Do
afloat
Oaloago
'
40,000
136,000
"47,'6eO
1,741.000
580,666
'
*24,6bo
841,000
'40,000
115,000
488,000
466,000
212.000
902,000
49,000
87,000
182.000
10,000
6.000
8.000
1,000
137.00C
4,621,000
Do
21,000
afloat
Minneapolis
6t Louis
Do
9,15i,ooc
"9.000
775,'6o6
- 8,209,000
681,000
290,000
776,000
808,000
ioi.OOO
66,000
30,000
188,000
170,000
46.000
1.447,000
623,000
706.000
224,000
668,000
610,000
ii'o',000
287,000
345,000
40,704,000
13,686,000
8,247,000
1,914,000
2,820,000
39,893,000
13.449,000
8,014,000
1,866,000
8,086,000
69,773,000
8.144,000
12,686.000
1,050,000
3,067.000
49,562.000
13.716,000
6,918,000
1.093,000
2,876,000
16,476.000
24.808.000
6,873.000
1,128.000
3.267,000
afloat
XansasCltT
L338,000
Peoria...
Indianapolis
in Mississippi Blver
OnLakes
On eanal and river.
Total
Total
Total
Total
Total
Oeti.
bush.
893.00"
71,000
253.uUt
47,000
233.000
afloat
Do
Oct.
Oct.
Oct.
Oct.
Oct.
. .
26,1801..
19,1901..
27.1900..
28.1899..
29.1898..
Auction Sales.
—Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction.
By Messrs. Adrian H. Muller
Son:
&
25
30
10
25
25
80
39
Stocks.
N.Y.Prod. Ex. Bk. 165^-167
Singer Mfg. Co
235*9
Det. Hills. & S. W. RR..IO714
B'way & Sev. Ave. RR..248°8
U. 8. Mtge. & Trust Co.. 4 00
Nat. Bank of Com. 382*4-385
Sterling Iron & Ry. Co.
and $32 50 scrip
25^
10 Bk. of the State of N. Y.257k
10 First Nat Bank, N. Y...74913
130^
25 Alliance Realty Co
250 Playa De Oro Slln'g Co.. 15s
115 National City Bank.647-650
1200
25 Morton Trust Co
Bonds.
$12,000 Council Bluffs City
25 North Amer. Trust Co... 245
125 Century Realty Co
100
By
W. W. Co. 1st
Messrs. Richard V. Harnett
100 The Doe
6s, '06,
A&O.100
& Co.:
Run Lead Co
.126
^Banking and jgimmctal.
Spencer
'17,926
6,266
87,848
27
.bbls,
99 822,848
67,399,760
942,906
15,981,814 2,783,178
50
supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Oct. 26, 1901, was as follows:
66,41-6,068
8,789,113
2,373,224
308,677,462
360,483,147
77.566
841762
cor loretj
«fc
29
Trask
BANKERS,
PINE STREET,
&
....
Co.,
NEW YORK
Transact a general banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
00
"
7.836,090
7,123,657
452,257
880.938
100,222
147,130
visible
932
ReoelpU do not inolnde grain patsmti through fiaw^naui
ports on through bills of lading
lour
8-<8,741
the seaboard ports for
Corn,
bush.
Total receipts at ports from Jan.
follows for four years:
bush.
490.939
19.721
18.645
26.589
8,268
Stoclcs.
*
.Receipts
Total
2f 0.950
Me
Quebec
week
639,260
490.200
53,060
Baltimore
Portland.
284.179
852.816
3e»»,
1, 1901.
n*t.
B*rli«.
Buih.mbt BU.56JI
147,870
Mew York,
Boston,
Montresi^
— Vorn.
Wssk Sine i
bush.
189,296
Ouluth
rVnsal,
bush.
819,900
883,084
440,064
121,786
829,427
25,460
224,000
69.0C0
.--
Oct. 28
1901,
bush.
16,290
832,6
bbls
1.
bush.
26,209,575
41,03>,239
12,600
19652
2,682,760
at—
>
Since Sept.
1,117,219
724,624
4,0
460
669,790
429,862
491,799
H.-.28
25,212
week and since
8.274.9J1
1,069.386
860,690
894,828
&>,89J
137,472
160,6
Oats.
8,689
20,14t
136,596
8,493
142,413
40.839
81,226
17.745
4.778
67,178
70,7
Corn.
'8.200
Oct. 26.
1901.
It. Will'mAPt. Arthur 1,710,000
Ftour,
Norfolk
Salveston
tber oountrles
17,278
Wssk
bbls.
86,"i
The reoeipts of flour and grain at
the week ended Oct. 26, 1901, follow:
New
West Indies
dr. N.Am. Colo's
1.
6615.4
1750,2
1030.9
1025,1
1
Reteipts
America.
1.000
Whsmi.
r-
1
8*%>t
808,0
43,0
city
Sine* Au».
1061
1900
1899
TVeifc
Oct. 28.
bbls.
Onited Kingdom
Continent.
7,640
318,145
675,607
1.52.615
Bert**
bush.
10,942
of these exports for the
Flour
Sintt
Exports for
utiik and Sinn
Osvt. 1 to-
294,179
Psms,
bush.
below:
Sept. 1, 1900, is as
1059,1
125,3
167,4
209,2
121,4
L265.479
Minneapolis
Same
Same
The destination
942,906
2,766,178
907,7 5841,0 256,7
600,1 2199,6
70,0
303,1 1260,9
65,4
988.0
242,6
40,8
2149,"
469,2
102,7
974,8
113,8
27,8
Whtat.
Fieur.
168,000
Camas
Total week. 1,858,182
Same time '00.. 1,767,849
704,0
710,7
Bbls.ioeibi Bush.eoibi Bush.eeib* Bush.SZlbe
201.312
1,220.701
1,228,680
1,688,400
114.625
422,400
28.500
149,200
Mllwankeo
Quebec
76.686
14,2
26.. H262.0 9117,6 71973,6 3265,4 4250,6 7721,0 2389,1 77600.8
19.. 8262,0 9117,6 72069,2 3246,9 4295,2 7609,6 216P.3 77501.4
12.. 8262,0 9117,6 72632,6 3231,3 4639,3 8465,4 2466,l|78594,2
«t-
Ghloago
l8l»etton..
118,8
94,4
605,4
743,5
66,5
86,3
Breadstnffs Figures Brought from Page 970.— The
statements below are prepared by us from figures collected
by the New Yoik Produce Exohange. The reoeipts at
Western lake and river ports for the week ending Oct. 26,
and sinoe Aug. 1, for each of the last three years have been
*!4«i»tl
69,000
378,043
60,000
48.000
18,6
32,2
26,0
100,0
37,299
6,824
12.H24
53,997
12.191
17,983
86,908
16,^68
87.505
71,066
Ry*.
bush.
Oats,
bush.
287,189
6,183
bbls.
i'61,714
Toledo
Other Cities.
1st Nat., Jer. City.
Hud. Co. Nat., J.O.
2d Nat., Jer. City.
8d Nat., Jer. City..
1st Nat., Boboken.
2d Nat., Hoboken.
Totals Oct.
Totals Oct.
Totals Oct.
Orleans..
Total 1900
1136.1
366,4
737,4
714,0
2719,1
/lour,
1108)5
86.7
Boro'h of Brooklyn.
Bedford
24.000
223.602
26U.0OO
Norfolk
Newo'rt Newt
Montreal
i.St C.
Corn,
bush.
276.788
269,297
135„',99
Baltimore
CITY.
Borough of
Manhattan,
286.633
841,258
3oiton
T DWit-with
Leg
[Vol. LXXIII.
INVESTMENT SECURITIES-
n
Membere N. Y Stock Exchange.
Branch
Office, 67 State
St, Albany
oompareas
1898.
16,991,533
4,606,795
168,029,383
80,527,432
8,889,764
12,768,878
Moffat
If
869.709,162
Alexander M. White
Geobge Barclay Moffat.
&
White,
BANKERS,
...
NEW YORK.
INVESTMENT SECURITIES.
Members New York Stook Exchange,
No.
1
Jr.
NASSAU STREET,
November
THE CHRONICLE.
1901.]
2,
D
Name
of
V
I
I
The following were the rates of domestic exchange on
at the undermentioned oil
ih,
(Gu*£tti\
JJanluers'
U KN D
New York
!"K i.: discount, telling par; Charleston, buyin
h-leai -. banl
Ing l-io premium; New
urn; Chicago, 20o. discount; St. I.
anoisco, lOo. per $1 <><i premium.
<
.
Hooks (Holed.
1'rr
WTl&n
Cent I'ayntdr
Company.
941
i
i
(I)ayti Inclusive.)
(Jolted States Bond*,—Sales of Government b
the
Board lnolude$l,00(
in.,
1907, at 118K; tH|800 4s, reg., 1907, at
and
The following are the daily .!,-ing
coup., at 108,
quotations
for ytmii/ range see third jhh/p followi
•
Kiiilromln (Steam).
Delaware Snaquebanna .v sriiuyiklll.
.or
a Bouthwest., oom.
do
ilo
ill.
n.i r.
.
)
1
"a
in if. (<|uar.)
l
l
i.>i
Pennsylvania
do
(extra)
do
Home Water. A ogdensburg, gu. tqu.)
Kallwaj
Htret'l
2
Nov
1
XnV
1(1
Nov
1(1
N.,v
4
9>s
i
9
9
Nov 80 Holders
'
l l4
Not
Nov
80 Holders
16 Solders
closed.
1
l
1
;
Oot 81
Nov
to
to
to
.v-
1
.
!»
i,
».
34 Nov
Covington (quar.)
9 Oot 80
icean, San ("ran
50c. Oct
98 lot 95
1»4 Nov
1 oct
96
Metropolitan St K. C, Mo. (quar.)
Oct 31
Tuscarawas Kit NT e\\ Philadelphia, O.
(i
St.
Nov
Chicago
(quar.)
16
Nov
BR.
lHi
West
Cm. Newport
Nov
to
to
of ree
of
of reo.
<irt
Nov
9
98
1
•2h,
to
ItllUUH.
of the State ol
Now York
Fourteenth Street
tfau
Ttum Companies!
People'*, Ilrooklyn (mouthly)
11
1
l s4
1
Nov
1
Deo
15
2
2
Nov
2(1
I
l*j
a
1 »4
no
Nov
1
to
Nov
11
7
to
Nov
1
1
Nov
1
niiBcelluueouN.
American Radiator, prof, (quar.)
Glucose Sugar Refining., cum. (quar.).
iiu
prof. (quar.).
do
do
od Rapids Gas Light
National Bridge, oom. (quar.)
prof, (quar.)
do
do
National Carbon, prof, (quar.)
National Salt, com. (quar.)
do
do pref. (quar.)
People's Gas Light <fc Coke (qiiar.)
Nov
Nov
Nov
Nov
8
IV Nov
6
Oct
'2
Holders
Nov
Nov
Nov
Nov
Nov
Nov
of rec.
10
10
10
10
15
Nov 15
to
Nov 20
Nov
Nov 8
Doc
1
(i
to
Nov 10
Nov 10
Nov 20
to
!•
to
to
WALL
STREET, FRIDAY, NOV. 1. 1901.-3 P. M.
The Money Market and Financial Situation.- Another
illustration of the sensitiveness of the security markets has
heen given this week. It was easy to imagine a week ago
that t lie increased volume of business then noted and the
more buoyant tone which prevailed foreshadowed a removal
of some hindrances to the free investment of capital that
have restricted operations in Wall Street for some time past.
But the weakness which developed on Monday showed
how vain were such imaginings and gave the illustration
On that day there was talk of probable
referred to.
gold shipments and also some disappointment because the
expected settlement of Northern Pacific affairs was not announced. No doubt the former was chief cause of the weakness mentioned. Later nearly $8,000,000 of gold was shipped
to Paris, and the local foreign exchange market weakened.
On Thursday the Bank of England advanced its minimum
rate of discount from 3 to 4 per cent, causing a recovery in
exchange rates here. Evidently the foreign financial situation continues to be somewhat strained, but the local
money market remains easy, as heretofore reported, with
rates practically unchanged. A remarkable state of industrial activity throughout the country is evidenced by clearing house returns, railroad earnings, and a shortage of rolling
stock to handle the traffic reported in many cases.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from Z% to 5 per cent. To-day's rates on call were 3}.£ to 3
per cent. Prime commerc ial paper quoted a t A.%% 5 per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £(596,888, and the percentage of reserve to liabilities was 4563, against 49*00 last
week; the discount rate was advanced from 3 to 4 per cent.
The Bank of France shows an increase of 16,775,000 francs
in gold and 475,000 francs in silver.
The New York City Clearing-House banks in their statement of Oct. 26 showed an increase in the reserve held of
$1,592,900, and a surplus over the required reserve of
week.
$14,713,175, against $15,465,775 the previous
Difference*
1901
Oct.
Oct.
previous week
$
Capital
1900
from
26
$
1899
28
27
Oct.
9
$
& discounts
Circulation
Net deposits
Specie
Legal tenders
81,722,700
98,843.700
884,589,700
31,783,200
954,496,100
182,942,800
70,394,400
Ino
Ino
Ino
Ino
Ino
9,650,500
386,600
9,382.000
1,000,900
592,000
74,222,700
90,109,900
793,384,600
30,560,000
843,391,500
158,933,700
67,946,000
Reserve held
Legal reserve
263,337,200 Ino
238,624,026 Ino
1,692.900
2,345,500
216,879,700
210,847,875
193,447,400
190,408,876
14,713,175 Deo
752,000
6,031,825
3,038.525
Loans
Surplus reserve
Notk.— Returns
::::::::::
68,922,700
78,843,500
695,777,000
16,815,400
761,635,500
144,336,900
49,110,500
banks appear on page 939.
of separate
—
Foreign Exchange. Rates for foreign exchange advanced
week and gold shipments were arranged for.
The market was easier on Wednesday but is firmer at the
close on higher discount rates abroad.
To-day's actual rates of exchange were as follows: Bankers'
sixty days' sterling, 4 83^(34 84; demand, 4 87@4 8i
cables, 4 87f£@4 87%; prime commercial, sixty days, 4 83 l4@
4 83)£; documentary commercial, sixty days, 4 82 \{<lU 84;
cotton for payment,
frain for payment, 4 83%@4 81
82%@4 83; cotton for acceptance, 4 88J£@4 83)£.
Posted rates of leading bankers follow:
early in the
:
;
November
1
I
Sixty
Days
Prime hankers' sterling utile on London. 4 84^ @4 85
Prime commercial
4 83*4 @4 83 1<»
Documentary commercial
4 82 34 ®4 84
Paris bankers' (Francs)
Amsterdam
|5
(guilders) bankers
Frankfor tor Bremen (relchm'ks) bankers!
~ MLesshe.
28
2s,
2s,
3s,
3s,
3s,
3s,
4s,
4s,
4s,
nt:fo
coupon
1930 .sma.l.reglHti n il
coupon
1930 .small
reglx !
1918
coupon
1918
Jan »108»i
y -Jan
Q— Feb
Q— Feb
1918, small. registered Q— Feb
coupon Q— Feb
1918, small
registered Q —Jan
1907
ooupoii Q—Jan
1907
registered Q— Feb
1925
Q— Feb
Q— Feb
Q— Feb
•This
Is
30
2
•IOHUj •108>« •108>« 10*34
»108«i
-1084
• 1
Ort <t
10HV.
»i07«4 *i<>7»« ii)7»4 *i07»4 • 107*4
•108H» •108 "a 108>-j •IO8H2 MO*'-,
•ibs" •ibs" •108" •ibTi" "ibs"
*
11 1«4 •11134
* 1 1 1 •<,
•111
,
•138
»188
•139
*189
•106 >4 •lnr.-.i
•107 »a 107 ?
1
111»4
-
1 1 1 '4
-11134
11134 111»4 Mil 8*
13734 -137
•
1
08 34
•ibs"
108
*ib'7'>;
112>«
112>«
•139
•13834 * 13H34 •139
•10CI4 10ii>4 -H)G»4 •107
•107 * •107^
"107
•188
•189
1
.,
1
1
the price bid at the morning board; no sale
was made.
,.
Nov
Nov 5
1*4 Nov
9 Nov 5
1 H Nov 25 Nov 14
1 Hj
to
to
to
to
6
5
Oct 31
Oct.
l-rrioilK
Q
>-_.
,
Intrrtrt
lS's*
40iis
®5 lS^
®
40*8
95
H>
SSMa
Demand
4 87>c
®4 88
6 15«8
40&U)
®5
957 1S
*
d>
15*
403s
96^
Coins.— Current quotations
Sovereigns
Napoleons
$4 85
3 84
X X Helchmarks
4 73
•25 Pesetas
4 78
Spanish Doubloons. ..1550
Mexican Doubloons.. 15 60
par
Fine gold bars
88
® 88
® 78
@ 83
60
®15 60
-S$4
3
4
4
®1 5
©^prem.
in gold for coins
Fine silver bars
Five francs
Mexican
and
dollars
Peruvian sols
Eii>,'1>h1i
bullion:
— 57>»® — 59
—93 ® — 95
—45 @ — 47
— 42 @ — 44>»
$4 81
silver
United States trade
dollars
@$4 85
—62 ® — 70
State and Railroad Bonds.— Sales of State bonds at the
Board are limited to §600 Tennessee settlement 3s at 91 and
§7,000 Virginia fund, debt 2-8sat 96^.
The railway bond market has not maintained the improvement noted last week, but lapsed back into its former
dull, narrow and featureless condition.
Daily transactions
have averaged about $3,200,000 par value and only a few
issues could be rightly described as active. The market has
been unusually steady, although generally firm in tone, and
changes in cmotations were in most cases to a fractionally
higher level. The small list of active bonds includes Atchison, Baltimore & Ohio, Burlington & Quincy, Consolidated
Tobacco, Reading, St. Louis Southwestern, Southern Pacific
and Union Pacific issues.
Stock and Bond Sales.— The daily and weekly record of
stock and bond sales at the various stock Exchanges, formerly given on this page, has been transferred to a place by
It will be found to-day on page 948.
itself.
Railroad and Miscellaneous Stocks.— The stock market
has again been irregular. There was a general decline on
Monday, averaging from 1 to 3 points and including several
railway issues noted as strong last week. Subsequently
prices recovered somewhat but there has been no general
uniform movement in any direction.
Michigan Central was conspicuous for an advance of 30
points on bids that brought out only a few shares and other
stocks with which Vanderbilt interests are identified were
more or less prominent. The anthracite stocks were notably strong, Central of New Jersey advancing 10 points and
Lackawanna 7% points. On the other hand, St. Paul, Union
Pacific, Southern Pacific and Louisville & Nashville were
inclined to weakness, and Chicago & North Western was
irregular, covering a range of 4^ points Of the local transportation issues Manhattan Elevated advanced over 3
points and Metropolitan Street Railway declined nearly as
much.
Amalgamated Copper was the feature of the miscellaneous list, moving up and down over a range of 5 points.
American Sugar Refining and the iron and steel issues were
generally weak.
Outside Market.—The week in the outside market has
been dull and lifeless, and prices have moved irregularly.
Only in a few instances, however, are material changes
noted. The most notable drop occurred in American Can
stocks, which sold as low as 17 5 3 for common and Q4^ for
preferred. They close to-day at 18 and 65, against \$% and
68 last Friday. The decline was attributed to the failure of
the U. S. Steel Corporation to take over the American Can
It sold a
Co. Standard Oil also manifested weakness.
week ago at 720, but on Wednesday it went to 715 and today, with a fair amount of trading, it sold down to 707. On
the other hand, Dominion Securities stock moved up, going
from 83i£ to 86, but receding to 8V$, the closing pri
International Salt certificates advanced from 32?s to
ad United
33. St. Louis Transit stock lose from 21
Snap Hook
Railways of St. Louis went up to
82.
Eye also gained, rising to 40/a from 39. Some of the copper stocks have been fairly active, prices moving both way-;
thus, while Apache Copper went down from 54 to 45
Tennessee Copper moved up from 12 to 13)o. and White
Knob rose to 17)^ from 15. Adams Copper also advanced
from 35 to 37^, while Union Copper was firm at 4]
Kansas City Ft. Scott & Memphis securities have been quiet
and steady. The new Mexican National bonds and stocks
have been very dull and close at fractionally lower prices.
The outside quotations will be found on page 948.
&
m
Exchange— Stock
Llew York Stock
<m
<
Record, Daily, Weekly and Yearly
TWO PAGE*
l\<;
l'\
I
STOCKS— Mil II EST AM) LOWEST HALE PRICES
Mo,
Eaturilni/
$6
Oct.
Oct.
Oct.
Thursday
Wr.ilneulay
TUSSdat]
uO
Oct.
/
Oct 81
;io
sto« Kg
1
SEW YORK
,,/,/,/
JS'ov.
EXOB
I
I .\
(
So Its
Bang*
1
I/,.
G
'//. i,ttx<,;
iur
„i
)
Bangs /or Jteviotu
§ar 1V01
jodnhare
Year
lot*
(I'jtjij)
I
.
1
Lowest
Lowest
Jlighttt
Highlit
It.nli u.-iil-.
20% •24
»24
57
i
90
77%
96
104
94
i
Up.,',
20
454*4
78'.,
kk;
78' B
97
106%
V
00% 02 V
9
1
•24
25% -23% 25
54
•5»
70% 77%
96%
77% 78%
96% 96%
lor.
lo;»
'I
;i
i
106%
93% 98%
61% 02%
97% B8%
'.
00% 02 %
97 '4 97', •95
97
•124
127
126% •124% iaa •124%127
l(i
10% 110'v
109% 109% 109% 110
•88
82
84%
88 1!
84
84 %
(it; % 107
ioo>. tee's
107 171% 171%
5
!., 45 '4 45%
45'
i
>a
IHI'-j
•96
(il
97-''
I
•23
1
86% 36%
77',
•192
36%
'-..
86>s
77
77
77
....
L92
....
24 "a 25%
93
B3Hi
25
89
89%
60'-
49
50
U 41%
% 41
72% 72'., '71% 72
100 % 171 % 167% 171%
192 192% 191% 192%
210 211% 200 207 '4
4(i
•20% 21
37% 37%
•98
98%
•118
•40
*72
119
....
75
•13% 14%
54
• 24% 24%
170% 171%
•232 233
44 % 44%
233
44
91
92 %
{50
50
'
69
'
m19%%
42%
11 %
19%
41
69
66
•60
•84
41 'a
42
09%
50
61
86
•91
17.V'.,
171 Hi
235
44%
91% 92
"124
41% 41%
11%
19% 19%
40% 41%
09
09%
"•11
*55
60
§83
60%
"40
94
88
50
•80
60
41
§27% 27 is
193 193% 192% 193
192
124
"130
88
50
41
170
Central of
New Jersey...
"72
75
Do
Do
Do
91
87
873.
75
•40
•72
13 34
75
1334
1334
"53% 54
*2334
4
5
p. c. debentures
p. c. pref. "A"..
p. c. pref. "B"..
41
•11
11
24 l4
09
09
42
41% •41
59
00
80
"58
59
193
192
11%
20%
4134
70*4
57
60
-83
Colorado
&
& Wlieel'g.
Do
pref
Worth&Den.
C.stnip.
pref
W., deb. ctf. A
deb. ctf. B
193%195% Great Northern,
Green B.
8%
&
Do
56
•65
56
57
56
54% 50% 54 34 54% *54 34 55
Valley
Hocking
70-4 •76% 76%
70% 76%
70
76% 76% 76 76% •75
76
Do pref
34 139
3
3
138
139
139%
146
147
147
139%
147 %147 4
147 4 *139
Illinois Central
'40
•40
41
41
41
40% 40% 40% 41
41% 41 Hi 41
owa Central.....
78 79
77% 77% 76% 76% 77% 78 34 77% 77% 77% 77%
Do pref
•33
•32% 33
•32% 34
32% 33
34
Kanawha* Michigan.,
8,160
88,650
17
45
70
129
334
71
15
•41
•67
•125
§325
67
15
§14
"40
•00
*125
320
J
67
45
69
129
325
71
103% 104*8 10234 103%
119% 119% 119% 121
155%156 34 155 150 l4
•38
•37% 39%
40
•90
22
1334
95
22
13^4
• 115
*90
22
13%
92
22%
1334
U6 116
108% 1U>
•14
•40
15
45
39
•14
•40
15
45
09
71
•125
320
•67
103
129
330
71
"90
22
92
138
138
129
"07
90
22
71
13% 13%
118
22% 22%
13% 13%
22%
13% 13%
140
&
Western...
pref
&
13% 13% Mexican NatT tr. receipts
140
1
Erie
Shore
Mich. South'n
"67
71 Long Island
103% 104% Louisville* Nashville...
122% 123% lyTanhattan Elevated...
154% 15534 1'JLetropolitan Street
•38% 39% Met. West Side El. (Chic.)
*89
90%
Do pref
22
22 Mexican Central
L.
103% 103% 103%
102% 103 %
120% 121% 120% 122*1 122 123%
155% 156% 154% 150 l4 154%150
*37% 40
"38% 40
§90
22
Keokuk & Des Moines...
Do pref
15
45
71% 72% Lake
134 134
Do
133
tr..
pref. vot. tr. ctfs.
Do
•14
"40
70% 71%
66% 70%
129
340
39
16
45
130
130
Michigan Central
108 34l09% 109% 109% 109% 109% 109% 110 Minneapolis
St. Louis.
123%123% 123% 123% 123% 123% 123%123>4 122% 122%
Do pref
27
27
28
27% 27% 27% 28
28% 28% 32% Minn. S. P. & S. S. Mane.
79
•76% 77*2 76% 70 a4 •70% 78
77% 78 4 78
79% 89
Do pref
26
2614 26%
25% 20
25% 20
25% 25% "25
25% 25% Mo. Kansas & Texas
50
50
50% 50% 50%
50
50% 49% 50% 49% 50% 50
Do pref
95*4 98
95% 98
96% 98% 97% 98 34 97% 98% 97% 98% Missouri Pacilic
•109% 110%
«123
27
<fe
126
27
11
158
•45
158 a4
50
115%115%
•88
91
150% 158% 150% 158
48
•115
•88
48
90
»212%214% 212%214%
33% 34% 33% 34%
55% 50%
56
56 34
•89
302
62
•91
•67
146 34
•40
90
•89
90
102% 100% 102
62
96
72
147>4
43
•78% 80
•83
85
47
117% •115
60
98
72
1453i 147 %
"40
43
*78% 80
•83
85
60
•92
•67
•87
*213
157 34 158%
49% 51%
5034
117% •115 117%
91
90% 90%
215
§214
33% 34%
55 34 50%
•88
214
34% 35%
56
57%
•88
90
90
Mob.*0.,J.P.M*Co.rects
Morris* Essex
158 159% 158% 159%
Central & Hudson.
51% 51%
51
52%
Y. Chic. * St. Louis..
• 115
117% 117%119
Do 1st pref
90
90% 91
91%
Do 2d pref
NY.
213
New York & Harlem
N. Y. Lack. & Western...
213%215% N. Y. N. Haven & Hartf.
34% 34»4 N. Y. Ontario & Western.
215
34%
35
50 34 57%
89 34 90
56% 57
60
60
•90
98
•36
70
14534 14034
§60
"92
•67
60
100
70
"00
•92
•67
"00
•93
"08
62
100
70
41
4234
76% 77%
52% 54
& Western
Do
adjustment, pref.
Do
pref
Northern Pacilic By
IO334 105 34
•41
80
44
82%
86
'
42%
76% 77%
52% 53%
42% 43%
77
77%
53% 54%
41
1
6
58 '4 Jan
56% Jan
:;
1
63
Pacific Coast Co
•40
85
•83
44
85
86
"41
70
88
*-
Pere Marquette
Do
pref
Pittsb. Cin. Chic.
St. L.
Do pref
42% 43% Reading, vot'g tr. ctfs..
1st pref. vot. tr. ctfs..
7/% 77%
53% 54% 2d pref. vot'g tr. ctfs...
43%
77% 77%
54
54%
43
Bio Grande Western
Do
2
8,116 188% Jan 3
2,150 29% Jan 21
2,000 80 Jan 21
10 §50 Oct 20
69 J'ly29
400 18 Jan 30
1,000
5 Jan 9
2,200 13% Jan 8
88,835 24% May 9
7,535 5934 Jan 21
2,870 39% Jan 4
1,300 41 Jan 31
150 81 Jan 4
12 17 Jan 18
7,700 167% May 9
...... 65
Jan 2
7% Jan 28
4,900 40% May 9
1,400 69 34 Jan21
6,878 124 May S
1,070 21 Jan 21
1,300 48 Jan 21
800 21 Jan 8
pref
J'ue
.
<
;
'
.
1 1.
8%Ool
26%Oct
244
Oct 31
4
4
3
2
21
May28
53% May
14%
I
II
'
Apr
3934
76 Dec
103%J'ne 118 Dec
14% Jan 30
46 Jan 72 Apr
8% Dei
5 Sep
30 Sep 47% Mar
14 Sep 20% Mar
100% Sep 134% Dec
171%Sep 19434 Dec
10% Jan 34%
55
6
l()3%J'nel4
71 J'ne2
69 J'ly29
45 J'ne 5
J'ne
64%J'ne 87
Dec
Dec
12
4
J'ne
J'ne
21
12
J'ly
20% Nov
45%J'ne 4 K>%Sep
73%J'ne29 30% Sep
61 Mar21 15 Sep
68 Apr 12 38% Oct
95 April 74 Oct
36 Apr20 12%Mar
208 Marl5 144 34 J'ne
6734 Febl4 53% Mar
Oec
12%J'ne
5
22% Sep 30
58
iDec
54% Mar
94 % Apr
Dec
20
191% Dec
Dei
00
Jan
Sep
Jan
Sep
27% Sep
J'nel5
39
10
Apr3u
Apr30
7
74% Dec
J'ne 132% Di
11% Jan
43%J'ne21
87%J'ly 1
-
27% Dec
58 Mar
Dec
25
17% Apr
43% Apt
Dec
Dec
Dec
Dec
§240 Deo
89 May
89% Dec
110% Dec
182 Feb
37% Apr
84% Nov
3% May
14% Oct 23
20% Mar o'Z
83% Feb 115
!
1
77% Jan 21 .1700 May
84% Jan 21 113% May
Dei
4.;
5% Sep
15434 J'ne29 110
41
25
49
6% Mar
8% Dec
30% Jan 42% Dec
ll%Apr22
57 May
80 May _
I
129,855
22,030
54,820
In
J'ik-
20 §230 April §325 Oct 28 §197 Jan
67 Jan 3 82%J'ne22 47% Jan
24,190 76 May 9 11134J'nel7 68 34 Sep
71,725 83 May 9 131% Apr 22 84 J'ne
27,905 150 May 9 177 J'ne24 143 34 Sep
27 Jan 9 40 Sep 27 24% Jan
79% Jan 15 93 Sep 18 76 Feb
4,400 12 34 Jan 21 30 Mav 2 10% Jan
1,400
3% Jan 24 15% Oct 12
2% Sep
1,300 107% Mar 4 140 Oct 29 §104 Jan
2,000 67 34 Jan 19 lll%J'lyl9 45% J'ne
J'ne
500 10134 Jan 7 124% Oct 23
14 Sep
10,050 15 May 9 3234 Nov 1
1,750 49 Apr 9 89 Nov 1 47 Nov
9 Sep
1,010 15 Jan 21 35% Apr 20
2,330 37 May 9 08% Apr 19
144,400 69 Jan 4 124%J'nel4 38% Jan
78 May 9 85 Aug22| 35 J'ne
Jan
§191% Jan 8 197% Apr 91
28,911 139% Jan 21 170 May 2 125% J'ne
13,300 10 May 9 57% Sep 28 11 J'ne
J'ne
300 97 Mar 1 120 Sepl8
J'ne
500 47 Mar 1 95 Sep 28
420 Apr 1 420 Apr 1 too May
§134% Jan 15 139 Feb 21 §130 Jan
iSep
50 §200% Feb 27 217 J'ne24
64,800 24 Mav 9 40% May 1 1S% J'ne
26,900 42 Jan 10 57% May 2 22% Jan
300 82 Feb 15 90%J'nel3 07 Jan
200
400
50
18 Dei
94 '4 l»
68% Aug
30
14
12
Jan
18% Oct
Jan
45% Sep 30
24 Jan
Sep 2"
74
3934
7,060
Jan
700 108% Jan 21 135% Sep 2
82fi
*
.
Dec
Jan 29 Apr
77 34Sep 16 45 '4 Jan 64 1"
.rm 148% Dei
188 May
200 May 8 10!)% Jan 187% D.
215 May 1 150%J'n( 172% 1).
248 April 195%Muy 220 Dei
175%J'ne 5 102 J'ne 122%
145 April 110 Oct 120 -\'.^
201 April 172 Feb 175 Ma:
44% Sep
27% Jan 7 37 Mar
67 Aug 7 77%
2,150
6%Jau21 18 Apr 29
250 40 Jan 31 58 % Aug30
1,000 10% Jan 4 28 34 Apr 29
20,850 105 May 9 185% Apr 8
5 34
11.
l)
9--
81
Mar29
10% Jan 19 31 AprlO
33 Jan 21 57%Aprl5
73 May 9 100% Oct 30
35
Jan
•
99% Feb
01 U I"
17%
160% D<
24 Ji" 42%
94 34 Marl5
1,525
9,680
2,400 115% Jan 12 122
Peoria* Eastern
45
89
95
71
100
Mar
180
1>
173,
5
1
Mar
116 J'ne
71 % Dec
104% Nov
27 Apr
09 Apr
17'sD.
•
47% Dec
72% Dec
49
Dl
§189% Maj
145% Dec
24% Dee
Dec
58% Dec
110
420
J'ly
§136
§21o 34
Mar
83
Dec
Jan
32% Dec
3
45 4 Dec
80% Dec
91% Dec
Mav 62 Nov
4(5
82% Sep 90% Dec
57 May 09% Oct
9
45% Sep
7
67
Sep
Feb 1 73 J'nel9
Feb25 98 Apr 20
Jan
75 J'nelS
May 9 101% Apr 22 124% Sep 149% Dec
5 J'ne 18 Dec
14% Jan 22 50 Sep 27
333 t Jan 9 89 Nov 1 20 Jan 35 Dec
'lielT
55% Jan 73% Dec
72 Jan 2 86
57 Jan 30 80 J'ne 7 49 34 Sep 80% Jan
88 Jan 4 105 Mav 7 78 J'ne 94 Jan
24%. an 4 48% J'ne 3 15 Sep 26 Dec
65 Mav 9 S(»%.rnel7 49 Jan 71% Dec
38 Jan 3 59% May 1 23% Sep 39% Dec
05 Feb 5 85 Mar23 43% Jan 80 Dec
93 Feb 16 108 J'nel9 80 Jan 95% Dec
52
89
03
102,097 137
Do 1st pref
Do 2d pref
100
Jan 21
58% Jan 21
1
100
136
ii,
l-i
MaylO 90%J'ne24
Jan 3 56 Marl4
13%Jan
l.i,
134% Sen
26% Oct 24
J'ly27
176,755 134 .May 9
1,400 75 May 9
4,750 168% Jan 21
1,300 207 Mar 1
5,138 116% Jan 4
745
Apr
D(
52
92
-.
.
100 125
89% Apr
90
.'.
,
I...
-
May
May
27
72 %.)au
35(1
in
176% Oci 30
52% May 3
50% Apr 30 ::! Ott 42 ii..
78% In
82% Apr 30
L99%Apr80 1.19% Jan 111
130% Apr 29 88 Jan LOS Mai
L36 Apr 18 119% Dec 125 Aui.'
16% Jan
2!)
800 90
850 75
2,800 42
5,100 23
21,241
1,990
146% 146% 146% 147% 140%148 34 Pennsylvania
40% 43%
70
§100
42% 42%
77% 77%
53% 54%
Norfolk
90
90
101% 102% 102% 104% 10334 104
1
1,130
ansas City So. vot.
•15
»41
•68
•125
•325
•67
.I'm;
1
So., vot. trust
& Terre Haute..
Evansv.
Ft.
194% 193% 194
8%
55%
58
86
55
83% 83%
•83% 86
13%
53%
24%
Cleve. Lorain
Do pref
Do 1st pf. vot. tr. cfs.
*24
Do 2d pf. vot. tr. ctfs.
172% 174 Delaware & Hudson
238% 239%
elaw. Lack. & West'n.
44
45 Denver* Bio Grande
92
92%
Do pref
09 Denver* Southwestern.
09
Do pref
"40% 42 Des Moines & Ft. Dodge.
11% 11% Duluth So. Shore & Atl..
20% 20 34
Do pref
ii 38 41 34 Erie
70
70
Do 1st pref
50% 50%
Do 2d pref
237% 230 240
44% 44%
44
92% 92% 92%
09
09
09
09
42
75
5334
109%171% 171% 173%
171
!H
138% Jan
128 Chicago & Eaat'n Illinois
91 Jan
Do pref
120% Jan
26% Chicago Great Western.. 26,600 16 Jan
<fe
"40
•72
11% •11
19% 19% "19% 20% •19%
40% 41% 41% 41% 41%
09
093.,
09% 70% Oil34
50%
55% 55 a4 50% 57
11
*59
"84
00
83
128
24% 25% 25
93% 98% "J2%
•40
232% 235
234
43% 44% 44
92
91% 92
09
69
•174
47*4
49% 50%
4
40% 41% Chic. Indianap. & Louisv.
Do pref
72% 72% 72% 72% •71% 72
109%170'4 109% 170% 108% 109% Chicago Alilw. & St. Paul.
170
189% 189%
191 191% §190 190
Do pref
191
208% 209% 209 210*4 Chicago & North Western
210% 208% 209
Do pref
238
238% 239
143% 143% 143 34 i.42 % 143% 143" i'44% Chic. Eock Isl'd & Pacific
135 145 Chic. St. P. Minn. & Om.
"135 142 •135 145
143
194 200
199
Do pref
20
20% 2034 20 34 20% "20% 21 Chicago Term'l Transfer.
"37
38
37% 37%
39
Do pref
87% •37
99% Cleve. Cin. Chio.
98% 100% 99% 99% 99%
99
St. L.
121 34 12134
119 119% 120 122
119
Do pref
40% 40 %
§71% 71%
108
17t
40% 47% Chesapeake * Ohio
35% 30% Chicago & Alton
85% 86V
77
70% 70% 77
Do pref
192 192% ^Chicago BurL & Quincy.
45%
•86
49
40 34 40%
88
49
Santo Fe.
.
i
24% 25%
'e
&
Dec
20
40%J'Jy
'.,
130
24
Apr 22
Apr 22
:
1
88%
128
64
1
13% 13% §14% 14% 13% 137,
•63% 54
"53% 54
54
24
24% •23% 24
24
54
254
24
107
*
88
48
]•_'.">
80
3ep26
42% Jan 21
.1
70% 70%
i'28*
J' li'J"
20
324
1
192
•92% 94
108
191
208
235
143 143% 142
144 144 •135
190 199 • 196
20% 20% }20
30% 87% 37
90% 98*4 98
118 119 -118
"40 ....
"40
72
*72
75
143 % 143^
*144 160
•190 200
30
86%
76% 77
:
8.73.",
96% 96%
Do pref
70 May 9 UPS May 8
105% 106% 108% Bait.* Ohio, vot.tr. otis.
4 % m ay
Jan
94
94
Do ]>rcf. vol. tr. ctfs.
93%
1(7
in1,900
03
01%
Brooklyn
\|ir22
01% 62%
'4
Bapld Transit.. 57,130
7
»ct
98% 100 Buffalo Koch. * Pittsb'g.
•97% 99
1,400
Marl9 loo -Nov
127 127
Do pref
126 120
128%J'n.-2l
100 118 Mar
§10:1% 109% 110% 11134 Canadian l\,cilic
8,350 87 -M ay
117% May 7
84
81%
a % 8
3,700 54 'm .Ian
anada Southern
1
»192
•125
•186
24 '4
Ann
26
Arbor
65
Do pref
7» U Atch. Topeka
7734
78%
96% 96 %
1
1
•23
55
25
55
t-
.1
I
BANKS AND TRUST COMPANIES—BROKERS' QUOTATIONS
Banks
Banks
Sid
Chemical
KEW YORK
Ask
4000 4100
170
t647 050
300
335
Banks
i'l'ct
First (new).. 749%
14thStreetT|. 105
Ask
t
Bid Ask
Banks
Banks
Imp & Trad. 550 575 Mt Morrisl]
Bid
- -
Banks
Ask
150
185
190
1400
1500
205
310 330
150
People'sl]....
Bid
250
Ask
108 115
Phenix
190
Mutual^
Irving
500
Plaza'
Nassau'
Leather Mfr. 250
235
500
Prod ExchU 105% tl67
New
Ainster
410
2*9*6
Columbia 1j .
Riverside! . 210
New York Co
Lincoln
900
140
450
-•*••
Commerce... 382% t.385 Garheld
Seaboard
Manhattan' 300
500
N x" Nat Ex.
075
Commercial 100
German Am' 133
Second
Market &Ful 250 270 New York...
Corn ExchU. 410 450
Shoe & Leth. 107 112
German E\* 325
270 285
Mechanics'
19th Wardr.
Butch's*Dr 110 130 East Kiver.. 140 150 Germanui'
state*
500
Ninth
75
500
Mech & TraT 140
Central...
11th
State of NYU 257%
190
Greenwioh
Wardli. 150
175
Mercantile
250 285
North Amer. 210
t
Century V.
Fidelity^ ..
225
Hamilton' .. 100
165
12th Ward!;. 110
Oriental",
Merch Exch. 140 155
175
nT1
Chase
700
Fifth A \
Hanover
• •••
3250
23d Ward",;.. 110
075
Merchants'.. 190 200
Pacific*
200
vfcathaiu .
325
Filth
Union Sq.1 .. 300 ......
325 ...... Hide * Lath 150
Metropolis' 050
Park
570
• Bui ami asked prices; no sales were made on this day.
§ Less uia,n 100 shares.
1 Ex rignts.
State banks.
a Ex dividend and rights.
Sale at Stock Exchange or at auction thuj week,
Stock " cornered " sales for cash" were made as high as 1000.
* Trust Co. certificates.
CITY
Bid
America^... 530
AmerExch. 280
Astor
625
Bowery'l
300
Broadway... 420
Ask
Colonial U
...
Fourth
Gallatin
Gansevoortli
.
.
.
*
.
-
•
.
.
I
*>
ii
November
STOCKS
Saturday
Oct.
n
•33
m
oet
hi
18
81
•68
•on
61
24
7 7'.,
28
66%
26%
67
60
67
L0% 11H
80%
32% 33%
1
07
07
89%
60%
32%
10
'_
19%
36%
17%
*J7
49
*2s
60
'4
122
•185
195
40%
{185
*3
11
25'-
100
80%
29% 29%
80
80
88
90
195
*190
•16
•47
•84
6%
»2:>
102
89
'-
(I
17',
99
'4
»17%
is
17
'I
118
100
B8
122
»99
'1
1,1
&
V\;is
si.
18
49
30
is
185
1
95
1
6
•3
5
12
85
14%
25%
190
89
196
•10
85
as
84
'
'88
4
J 88
"s
'190
6%
6-4
10
22
47
84
•6
•24
6%
25
42=8 43
90% 86H
4
-J
80%
195
28% 89
64
"a
•17
47
26
47
"a
04%
•17
85
8%
'8
"24
6H
27
43
42
6%
26
'4
96
42
• 24
90
42
#
M-
100
160
•98
99
158
158
26
81
29
88
195
99
169
•98
•98
•158
99
•157% 159
16
16% 17
I
78
85% 36
•204
•10
95
*128
16%
142
16
79
*
34% 35%
•205
•10
11
95% 98
132 •128
210
•130
....
*6%
•28
•22
258
6%
29
30
258
39% 41%
19% 20%
76
89% 90
76
115
•131
11
in
•92% 95
93
•128
•14
11
93
135
15
11
-10
'128
88
•190
•17
25
84
255
•92
»95
•8
87
95
30
256
SO^ 40%
•95
100
19% 20%
75% 75%
89% 89%
85
....
•92
•104
12
-8
47
87%
138
14%
892%
•128
6%
7%
29
•22
255
Do
•98
99
16%
99
159% 158
210
11
9-.",
130
40
96
29
•29
•22
29
80
Do
pref
American Tel'gh
40%
96
19% 20
95
37
•92
'4
46
40% 46% 4 6 %
86% 85% 85%
85% 85% •84
•92% 95
•92% 95
95
-45% 47
100
•8
100
12
100
12
8%
8%
Do
Gas &
92%
95
Laclede Gas
12
Manhattan Beach
Do
•102
*8
(St.
30%J'ly
Eel) 20
.Mar 19
Louis).
pref
,
,
93
13%
•80% 81%
12
•15
•49
16
60
42% 42%
91% 91%
•57
60
93
11% 12%
80
15
•49
41
81
15
50
42%
90% 91 "4
60
60
»118%123
•118% 125
•160
•160
170
'91% 91%
91%
170
013,
93
90
11% 11%
880% 80%
15
90
11% 12%
80% 80%
15
15
849% 49%
41% 42%
48 >4
15
48i,
41% 42%
90% 90% 90% 91
60
-59% 60%
r,i
118
160
1
128
170
-122
160
91% 91%
123
170
91% 91%
•86
92
•85
92
Tinted States Express...
States Leather
48
48
41% 42%
90 % 91%
00 '4 61%
•118% 125
•165
170
51% 91%
•47
50
1% 42
90% 91%
4
iW
91
lid
91 l4
Dec
85
99
Nov
J 'in
AprlS
107
;s?
.Mai
1
19
Dec
Max
118
J'ly
Sep
Jan
1
J'ne s
J'lv 12
2
21% Jan
84% J'ne 14% Dec
Ke!)
128 May HI
21%De< 22% Dec
1
1
I
1
1
1
.
800
6% Oct 14 10% J'nel 8
23% Sep 13 33%J'ne25
24% Oct 16 !01%J'nel9
04
Mav
990 183L. Jan K) 269%J'ne24 120
10,7(19 37
Oct 24 65 May 2 44
389 93% Mar 5 107 A tin 6 92
May
60
L03
Is
Dec
ML. Mai
09
58
Nov
Not
26% Nov
Mar 7 5 Nov
24
J'ne
%Mayl0 28 Mar22
Jan 21 81% Sep in
54% Jan 2 100%May31
300
5% Feb 7 II Jan 6
33 Apr25 40 Sep 7
2,550 24% Jan 22 47 Oct 12
3,550
2,185
1,700
213
74
70
95
100
8
320 37
200 92
8,000 15
700 81
23
ion 853
•11% 12 United
11% 12
80%
Do
80% 80% 80
15
15
14% 1 % United
1
..0%
Mar22 82% J'ly 1 70 Dec 76% Dec
7'800 34 Sep 26 54% Apr 10 37% J'ne 54% Apr
Dec
175 Jan 18 228 Apr 15 140 Jan
an
8% Jan 19 14% Marl 9
6% J'ne
2,050 41% Jan 21 136% J'nel 7 29 '4 Sep 56% Dec
31 '-Jan
116 Marl9 142% Apr 29 117 Oct
Apr
700 12% Oct 28 25% J'nel 7 ll%J'n« 2
Nov
11J
238 Apr
5,525 187 Jan
J104
in
Dec
4
Jan
%Maj
71%
J'ne
21
38%
124 J'nelO 70 Ma] 95 Not
300 93% Jan
130 127% Oct 10 152%Aug2S
4,4(1.")
300 8130 Jan
3,240 81 Jan
Dec
:l
i
-8
Dec
a
Jan
Jan
1
96
Dec
Jan
is,', May
40% Nov
0% Jan
J'ne
79% J'ne
23
Feb
90
15% Aug 28% Feb
83 Aug 100% Feb
Nov
32% Oct
09% Oct 70 '4 Nov
Apr26 112 Sep 175 Nov
175
109
-1
1
1
J'nelS
47% Jan 29 25% J'ne 57 Koi
Apr
12H%.I'ne21 81% Oct
Jan
52 Jan 2 32% Sep
Nov
Sep
89%
89 Apr 29 70%
225 Oct 17 170 J'ne 204 Dee
%Aug
5%May31
12% May27
24
82
2
2
2
s
17% Oct 20 Nov
59% J'ne 7 1 Nov
4% Mar 10% Jan
8% J'nelS
13% J'ne 21% Dec
!9%J'nel7
in 17
Fee
10
J'ne
25
5lii4
Max
77%
Mai
7%.I'm
Apr 19
16% May 2
\u.-234 Jan 2
9
9
Fell
Oct L04
49
Apr20
J
Feb
An,
49
1
76%J'nel8
42
Mar
7% (Kt lu-sMar
8% J He 2 7 -j Feb
J'nel7
Apr
38% May
90 May
41% Apr
86% Apr
pref
3,085 (19% May
States Rubber
860 12% dot 4
Do pref
210 47 Oct 4 86
129.4(1(1 24
United States Steel
May 9 55
Do pref
74,696 «9 May 9 liu
VfiFginia-Carolina Cliem..
900 51 J'ly 12 72
Do pref
Lie Apr 26 25
WeJls, Fargo & Co
est'n Union Tcle'gph
55
10
25%J'nel2
93%J'nel3
50 Mar21
84 Mar21
75
Jan 20 100
7% May
65
May 3
103%Aug20
J 'ly
1
Dec
Dec 77
Mav 81
Jan ion
28
76
AprlO
22
46
Oct 12
s
Jan 200
3% Aug
Jan 24 89 Oct 16
Jan 18 95% J'ly 8
Jan 21 102 Sep 17
<fe
[
*90
31
1
J'lv 19
lit
160
7% Jan
%Jan
L8%J'm
34% J'ne
J'ne 3
107% Sep
1
*90
J'nel
L53
130
inn
Eet
60
J in
3
Apr20
90
.Nia
1;
l04%J'ne20
19%J'ne 8
Aprl
tec
1
34% Dec
J'ne20
J'm-25
8
1
J'ne
8
s
Jiv
89
30
69
42% 42% 42% 42% National Biscuit
Jan 21
*41% 42% •41% 42% 42% 42% 42% 42 14
102% 102% •101% 103
Jan 2
•101 103 •101% 102 % 102% 102% •101% 103
Do pref
19
Marl4
18% 19% 19% 20% 20% 21% 20% 21 National Lead
19% 19% 19
'85
90
•84
•83
90
88% 88%
•84
90
84% 88
Do pref
May 16
90
'31
•33
•31% 43
43
43 National Salt
•31%
Oct 3
66
70
70
65
66
65
Do pref
65% 65%
iiiio 01% Oct 10
14(1
140 N'ew York Air Brake...
140 143
140 140
700 133 J'lyl5
*140 145 •140 144
143 143
•94% 96 North American Co., new
*94
96
•95
90
96
95
95
98
300 731.. Feb 14
95
95
24>10 30% May 9
*43% 44% 43% 44% 43% 43% 43% 43% 43% 43% 43% 43% Pacific Mail
103% 101 %
103% 105% 103%104>4 103% 104% 103% 104
eop. Gas-L.<fc C. (Chic.) 100,795 95% Jan 21
103 105
10.1011 30
40?8
Mar 7
40% 40% 40% 40% 40% 40% 40% 41% 41% 42% Pressed Steel Car
40
•81%
81%
82% 280% 80% SO
Do pref
3,309 72% Mar 5
82
82% 81% 82
81% 82%
219 219
•219 221
219 220 •220 222 8219 219 x218% 218% Pullman Company
530 195% Jan 21
•3% 4 Quicksilver Mining
•3% 4
•3% 4
•3% 4
334 4%
•3% 4
1% Apr 33
•8% 11
•8% 11
-8% 11
•9
*8% 11
7
Mar20
11
Do pref
50
11
811
15
15
15
15
15
14% 14% 14% 15% Republic Iron <fc Steel.. 3,500 11% Sep 13
15
15% 15
Do pref
66
66% M^
00% 65% 00% 66% 66% 66% 66 4
2,100 55% Jan 21
66 % 66%
27-''
•27
27% 27
B Rubber Goods Mfg
6,410 21% Oct 4
27% 28=8 27% 28% 27% 28% •27% 28
•74
•74
76
76
Kill 70% Sep 30
•74
•73% 77% •74
76
Do pref
75
75
76
•29
•29%
'29%
31
•29%
31
31
30
loss-Sheffield
•29% 31
31
30
St. & Iron
200 19% Eel) 5
•76
•77
•76
79
79
79 S Do pref
•79
79
80
100 65% Jan 22
81
79% •77
>4% 5 standard Rope & Twine..
•4% 5
•4% 5
'4%
•4*4
•4% 5
5
3% Mar 6
6
60% 60 % 58% 60% 58% 60% 59% 60% 59% 59% 59% 60 Tenn. Coal, Iron & RB... 6'i20 49% Mar 7
35
•35
•35
36
36
Pacific
400
19
Ja"nl8
35% 35% 35
35%
36 Texas
Land Trust
15
15
•14% 15% •14% 15
Tmon Bag Paper
14% 14% •14
14% 14% -14
100 12 Apr 12
70 72% -70 7*% •70% 72% 71% 71% *71 72 •71 71% *J Do pref
300 66 April
•90
9
9
J'lv
r*ly
50,200 112% Oct
400 114 Sep 30
894 Jan 7
"Too 158 Oct 28
99 May
137 Jan
2,340 13% Marl 5
2,185
pref
Elec. of Bergen Co,
General Electric
258%
39% 40% Glucose Sugar Refining..
Do pref
20 8 International Paper..,
20
76
76%
Do pref
88% 88% International Power..,
0% 6% International Silver
Do pref
845% 45% Internat'l Steam Pump..
•84
86 \
Do pref
39
19% 19%
75% 76% 876% 70%
88% 89
88% 88%
0% 0%
75% 75%
88% 89%
8
29
30
29
•22
30
sContinental Tobacco
Do pref
Diamond Match
7 % Distilling Co of America.
7%
29%
'90
110
12
115
135
115
SS
20
73
;
L5
.Mar22
Not
.
2
',
37% Apr
Sep inn Apr
12 Mar 191
Dec
19% Apr
2, %J'n<
60% J'ne 7s % Feb
30
',.
L% Mai
66
Feb
..
'
12%Jan
57% J'ne
J'nel
77-'i
22% May
38% Oct
Not
99% -Nov
Jan
1
89% Dec
1
I
-
Sep
Sep
70
35% Anaconda Copper
Biimklyn Union Gas.
runsw. Dock & C.Imp't
•92% 95 (Colorado Fuel& Iron.
•128 130
J Do
pref
14% 15 Col. A Hock. Coal & Iron.
213% 214 Consolidated Gas (N. Y.).
98
"19% 20
95
Cable
<fe
American Tobacco. . .
210
255% 855% 257% 257% 258
38% 40%
450
pref
1
1
1
Apr 22
85
36
39
1
22%Augl3
83% Oct 4
13,4!
1
in
J
•'•„
hi
'
J'ne
65
21
I
Jan
19
79'.,
Jan
74% Dee 104% Jan
Jan 2
J'ly
11
Apr 30
% Apr 30
Mar.iO
AugSO
8170 s.p a 120
21 00 U May 6
.I'll
11
.-
J'ne
-
1
in
K.
.
as % Jaw
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
KEW YORK
CITY
VarickH
Banks
J?id
230
Washingt'nl; 200
West Side!].. 000
Western
010
Yorkvilleil .. 240
BROOKLYN
Bid
BROOKLYN
Ask 8th WardU ..
Ask
5th Avenue^] 100
Bid
85
110
Spragne
300
20th Wardll. 140
140
Wallaboutl; . 105
295
First
Banks
Ask
Trust Co's Bid Ask
C'IR'tyB&Tr 500 550
Central Tr'st 1850 1950
BROOKLYN
Kings CoU... 130
650*" Mannfaet r.s'. 285
Mechanics!
216
Mech & TraT 27(1
Merchants'.. 100
350
Nassau
NatCitv
290
North Side'! 175
17«i Ward!]. 125
20(1
213" City Trust... 860
375
450
Farm Lo&Tr 1400 150(1
Fifth Ave Tr
1050
Guaranty Tr 680
Knick 'rb'k'r 700 725
Manhattan .. 4 5(
Colonial
Continental
160
.
Trust Cos.
I!
Deo
Mar
Mar
20% Apr
57 Apr
14% Sep
8%Apr23
""liii'l
2,590
159% American Teleph & Teleg
'131
30
1,950
1,750
100
Do pref
16% 16% American Woolen
78
Do pref
•73
35
•204
79
J'Il.17
49% Aprl7
25% Oct 2
02 Oct in
5% Jan 2
111
Jan 24
800
Retln'g.
Vmerican .Sugar Beflnlng
1
26
IT
Sep 30
Jan 2
Jan 19
24%
18%
10
l%Sep25
2,300
27
.I'll.
21
1
10
Sep
8
60% Mar28
88 Mar28
9
9
1).
16
1
1
Dee
Deo
6% Mai
:;
m
.1
i>.
I'i-i
L%Jan
70% J'ne
1
1
11
5 Jan 8 $195 Oct 28
83% net 28 L30 J'nelT
I
Jan
Jan 146
136
2
.r,i.2i
1
pref
<fc
in
21
May
I'
American Snutf
85'..
:
J,
22
.Mm
|l
May
May
I
14% Jan
Jan
07
460
41% Amer. Smelt'g
95 % 96
Do pref
42
11%
s,
36
1
27
42
21
3
'„
1, !',('.
Vmerican Linseed
Do
1
4,4 in
11,110
40%
•114% 116 •114% 116
8136% 135% 132 132
7% 7%
7% 7%
7%
• 22
pref
45% Mai
111 '_
157
188
J'ly 2
.Mar 9
11. 17
25(1 S5
Apr 10 9
Jan B
100 8169 Jan 12 {205 Mar26
Oil..
6% American Malting
Do pref
-6
135
29
30
250
pref
American Express
84
•24
26
"14% 15
213%214
213%215
21
Foundry
American Cotton
23
84
34% 35
•204
-10
2,300
&
American Car
Do
Jan
Jan
28% Jan
48*00
1,016
67
3
Jan 9
Mav
Apr 19
M»y 9
17
1
B50
800
lopper... 314,825
•40% 50%
Do pref
24 % 25
American Locomotive
•114% 116
•130
•7% 7%
28% 29
•25
45% 45^ •45%
J 87
115
36% 35%
210
210
•75
v. tr. oto.
1
52% Ma]
9
afaj
34
29% *28
28% American loe
01% 64%
Do pref
16% 17
16
78
•205
'205
94
132
10
75
34% 35%
210
•14
14% 14*3 14% 15
214 215% 214
214%216
*115%U6
148
10
78
Krte...
Kt I>I'ff
pre!
17
Sep 20
•111
Jan 21
5,260
4,840
A Cake
71
L0%
28
850
400
American Bioyole
s
•
I
76
t
Do
1
;;
inn
pref. vot. tr. ctfs.
Wisl'HIlllH'OIIN.
Do
Jan
I
7,600
Express
A damn
malgamated
4%
'-.
•98
157
1
I
1.
',.
1
I
1
86's
25
I
otfs
Do
1
•99
*158
tr.
195
•84% 85 % •84 %
65
84% 84% •84" 85
119% 1 19% 117%119% 117 '4 118% 117% 1 9 % 118 118% 116%
116%
116 116% 116 116
116%110% lit) 110% 110 110
"j
III
1
80%
28%
88
192
,.t.
\
1
Pacific
prat
heeling
I
•10% 12
25%
80%
29%
1
Do 2d pret
in.
81% Wisconsin
•8
6
11
40% 42%
95% 96
42%
50
Jan
Jan 8
M.o
Jan 21
07 '4 Jan 2
23% Jan
Pacific
Ho
>'
•185
24% 24%
84
\\
40% 41%
-40% 50 >s
47
-24% 25%
•83% 84%
84
1
29
88
192
29
89%
•88
190
42%
90% 90%
'
si
29% 30
30
88
195
•24%" 86 \
25 '4
84 %
11
•25
86
26
80
27% 38%
25
48 % 43%
87
97
•
42
*84% 85 %
25%
•3%
5
13%
36%
17%
20%
108
Do oral
abash
\ %'
1
1
Hi
•
pref
1
29%
196 •185 195
87 %
85% 87
•;:
'-.
47% 47%
27
36
•11
80
* 29
41
I
1
20
•is
20% 80%
40% 41%
80%
'
l
18
>48
50
•28% 29 \
60
30
86%
12
29
64
25
49
inn
•.'(III
pret rot. tr. otts
<'ity Bapld Transit.
Twin
;
Jan
Oct 19
ran
i-
21
1
pret
Avenue (N. ^
1.. A w. v. Ii
lino
I
101%
lllll-'v.
17% •17
20
20% 20%
10% 40% •40
41
27% 28
64% 04
87
J7
?t;i
—.tii
.
1
n.i
'.
e>V10O% 100% 101% 100% li'l •„
88% 88
88% 89
20% 20 '4 20'.,
20% 80
86%
36% 36% 30% 88
196
*3
•10
86
6
11
(,,
"
2d in.
Southwestern..
Do
H3U 86%
86% 88%
\
<
l'ol.
34 4
Loa
<
81%
81
•40% 41%
Jan
10(
100
Southern Pftollic lo
Southern voting tr.
,
•«
20% 20V
48% 411 V
•28% 29 4
20
20%
49
SO
(IK
II
v
1
M
1
Do
88
31% 32
86 % 8 7'.,
89% 89
88
89%
'118
122
118 122
81% 32 '4
86%
38% 39 H
101
101%
88
I.
i.uiiis
in
si
60%
60'
'118
122
18
loo
20%
V
si.
]>i.
Loulsd
61
•26
I
Ut
Iin
JOII%
I'.
\
'!•. oUh.
pref.
Do
law a Adirondack...
-1
si
1
27
26
A
.1
Do
878%
7 7'-j
66 H
'4
tp,
36
Loa
•70%
N..I.
•_'
122
123>4 '188
41
'1
77'-.
'20% 22%
•loo
123%
SI
60
•21
84
41
-
ll
1
:;i •,
121
0.1
122%
89%
118
80
61
.
77 <a
•j
•lo% 11%
the
70BB
SI
Oct
943
STO< KB
mw
Thursday
99
122% 122 Hi
L0%
77',
67
as
-
122 <4 133%
41
41 "a
AND LOWEST BALM PM(
day
c/
11
24
•
-llli.nl -l
M.tnilil
Stock ReOOrd- Concluded— Page 2
1901.]
2,
I
N. Y. CITY
BediordH. ... 225
Mercantile ..
Broad wayl].. 250
Merchants'.. 325
Atlantic Tr.. 288 295
Brooklyn^ .. 120
People's"
Metropolitan 500
Bowl'gOreen 185 195
201%
* Bid and asked prices; no sales wen; made on this day.
t Ex rights.
i Less than LOO shares,
t Sale at Stock Exchange or at auction this week.
s Trust Co. certificates.
Trust Co's Bid
MortonTrust L200
N YLifeA:Tr 1250
N Y See A Ti 950
North Amer.
Keal Est Tr't 360
I'nit Stat, a
.
Bid Ask
25
170
Flat bush
290
Franklin
Hamilton
303 310
410
Knurs OO
270
1. lsl
i
320
Manufaet'rs.
211
220
Nassau
BROOKLYN
—
Brooklyn Tr
I
275
(
Trust Co's
t
StamlarilTi'l
Tr 10
268
Union Trust
CTSMteiS ii
I
465"
1675
Washington. 410
'.'.-,11
Ask
I
1
4
.
People's
Wilhunisb'g. 209
316
|
",[
Banks mark<
d with
.1
paragraph
(*i)
are State bank*.
New York
Stock Exchange— Bond Record, Friday, Weekly and Yearly
OCCI.l'l 1M«
BONDS
J'rics
Week's
N. Y. STOCK KXCIIANGK
W'KKK KNDIMI NOV. 1
Friday
Nov I
Bang* of
U. S.
ma
Government
V
S 2s consol registered. <fl930
U S 2s oonsol ooupon
U 8 2e consol reg small..
u h 2s consol ooupsmalLdl930
M.918
D 8 8s registered
kl918
V S 8* ooupon
Q-J
Q-J
y-J
3.j
a 3s
small bonds.. fcl9
U9.07
g registered
h 190
i ooapon
192
i.- registered
192
a is ooapon
190
a 5s registered
1904
a DS coupon
ciiu
1
Last Salt
Ask Low
High
108k 103H, 109 Oct
108* 109 4 108"8 Sep
BONDS
Jiangs
Sinos
o
January
Low
tfo
lliyh
10541094
'01
'01
1074Oct
1084 Oct
105>4 108»8
108
3'?
1O741D0
io6»ioot''oi
a. j
112
111'4
q.j
112
189
'«
Sale
Sal*
Nov
N J—( Continued)
Am Duck A Imp gu 5H..1921
Hud
LehA
it
Wllks B Coal 6s.. 1912 M-N
'/I 910 Q-li
Con ext guar 44s
N Y& Long Br gen g4
'01
ioTp.1
lll 3
4li44
112'4
U'-'M
OoldO.s
1st oonsol g 5h
MS
•
al'.il
1
.19
1
Ask
Hid
J-J
11341144
gengngSs 1020 J-J
1074111 as Cent Pacific Set So PaOl
Charles <fc Sav 1st g 7S....1936 J-J
108k 112
Ches& Ohio g Oh ser A..M906 A-O
11*2"
"01
O-F
Jrtitay
Central of
Be<fe
Week's
Jiangs or
Last Sale
J'rice
STOCK KXCHANGE
Week Endino Nov. 1
N. Y.
1
105*4 105 34
109
109
10s
u 8 3s reg small bonds.. fcl918
u
5
FOUR PAGES
»
A-O
M-N
M-N
99
101'4 v alb
-
11!
I
High No Low
114
114
1
107
107
1044
104k
4 ibe" io>."
[02 106 .
110
J/i'/li
112
1134117
114
(
1214
119k
Hince
January
JjOW
114 4 114
117'-.
Ranpe
|2
n:>
122
115
1/1 3
110
4
116
121
Begistered
.19:
lo- 4
104
108
M ^ 107 4 Sale
General gold 44s
Apr'Ol
103
Begistered
.199 M-S
lii'.i
'.'.'.'..
U
Nov'OO
103
Craig Valley 1st g 6s.. .1940 .J-J i(*S"
107
U
103 107 4
J-J 104k Sale 101'4 104'.,
Hit A Div 1st con g4s..
107
U
00 Sep 01
J-J
2d consol g4s
101 kApr'99
104
Warm Spr Val 1st g 5s. .1941
Foreign Government
100 102 4
look Oct '01
1U0 34
96 Apr '01
BUz l.cx A li S gu g5s..l0O2
96
97k
U S ol Moztco s f g 6S ot 1800 Q'40
M-N
Greenbrier By 1st gn g Is
hese are pr ices o n the b as is 0/ $5 to £.
05»4
l034J'ne'01
Chic<fc Alt Rlt s fund 6s. .ion M-N
Sinte Securities
80
87 4
t>7^ 127
Refunding g 3s
873e Sale
1949 A-O
108 H> Oct '01
108 1094
Alabama class A 4 to 5. ...1900 J.J 108>3...
Miss Riv B lstsf g 6s.. 191 \o
106 Aug'Ob
Small
85
85 x4
88"a*87"a
85 Sale
lOOUOCt '00
Railway 1st Hen 34s. ..1050 J-J
107 4.
1000
Class Bos
1
03
103
Registered
Mar'01
102
1950 J-J
4
4
103
-Is
Class
1906
107^001 '01
100 V
Ohio Bur & Q consol 7S...1903 J-J I07»s...
low
109 109
L09 Aug'Ol
Currency funding 4s
1920
102 Aug'Ol
10041024
121;
Sinking fund 5s
Oct '01
125 126
l901 A-O
120
Dist oi Colombia 3°65s....l924
34Api 01.
104
F-A
1004109
10G 4 Aug'Ol
Chlc<& Iowa Div 5s
107
Louisiana nem consol Is.. 1914
102 4
101
101'VOct 'OJ
Denver Div 4s
1022 F-A 101»8
100 4 Feb '00
ainiiii
"
101k 104 4
lOinois Div 34s
1949 J-J 1 02 8 Sale 102 ''a 102 %
1894-1995
Missouri funding
1154
114
115
Aug'Ol
3
1124
4
'01
105»4 Oct
Iowa Div sink fund 5s..l0l A-O
105 105 4
100
North Carolina coiisol 43.1010
103% 107
103% Oct 'OJ
Sinking fund 4s
1919 A-O 103 '„
Small
112
110 J 13
1304J'ly'Ol
Nebraska Extension 4s. 1027 M-.N 110 Sale 110
135 1304
134
On
1919
1094112k
109 4 Aug'Ol
120 Mar'OO
1027 M-N
Registered
1933
Bo Carolina 44s 20-40
"99**"
"
"96*
100% 100%
loo^J'ne'Ol
'01
Southwestern Div 4s
9519
1921 M-S
96 4 Sep
Xeun new settlement 3s.. 1913
Joint bonds .See Great North
95
96
944 96
Small
108% 112%
1104 1104
Debenture 5s
00 4
03 4 96 34
1918 M-N 107
004
00 4 Salt
Virginia fund debt 2-3B...1991
120 128k
120 Oct'01
120
Han & St Jos consol 68..1911
Registered
34
112 115
3
'01
112
Sep
7
J-D
112k
'4 Aug'Ol
7 k 10 4 Cluc& E 111 lstsf cur 6s. 1007
6s deferred certts.. ...........
135 140
130 4 Oct '01
1st cousol g 6s
1934 A-O 136-4
115 12.
121
Railroad
General consol 1st 5s
1937 M-N 122 Salt 122
Aug'00
115
Registered
1037 M-N
Alabama Cent See So Ry
112% 125
120 4 Oct '01
Chic & Ind C Ry 1st os.1936 J-J 121*4.
laba Mull see Sav i<'ia <fc w
Erie
<S'ee
Erie
Chicago
&
»VeeDel&Hud
Albany & 8usq
115 1264
124
124
Chic In & Douisv ref 6s. ..1947 J-J 1234.
Allegheny Valley .S'eeFeuu KB
106% 1144
113k 113k
Refunding gold 5s
1947 J-J 113
Alleg d= West See Bull K 60 V
113 117
1164 116=6
Louisv N A & Oh 1st 6s. 1910 J-J 114
AinDock<fclni See CeutofN J
964 2 95 101
Chic Milwaukee & St Paul
96 4 Sale
Ann Arbor 1st g 4s
96k
A1996 Q-J
180 1924
183
189k 1891
StP lst7s$gRD.1902
Atch T & S Fc gen g 4s.. .1905 A-O 103 4 Sale 1U2 38 103 4 179 101*8 105k
1724Apr'00
188
1902
101 a4 Oct '01
1st 7s £goldP.D
101 34 104
Registered
1000 A-O
188" iyo"
183 Oct'01
188
1903
97 J4 til) 80-'4 99
7s
03 4
1st C cfe
Adjustment g 4s
A.1995 Not *93 4 Sale
180 194
189 k 1894
95 May'Ol
Chic Mil & St P con 7s.. 1905 J-J 188
95
Registered
94
A1995 Nov
1114115%
114
Terminal gold 5s
1914 J-J 114 Sale 114
95 a, 12 90
96 34
Stamped
/iioo. Nov
93^ Sale 93
110 1144
General g 4s series A..el989 J-J 111 112 111 Oct'01
Equip tr series A g 5s...l00: J-J
1054Feb'9e
Registered
Chic <)i at Bouis 1st 0s.. 101.
"'."
108 May'Ol
General g 34s series B.el980 ft
Atl Knox & Nor 1st g 6s. .1040 J-D ib'o"
108 108
1164121
117^ Oct'01
Chic & L Su Div g 5s.. ..1921 J-J U8<2l21
Atlanta & Danv See aouth Ry
118 122%
119% Oct '01
Chic <fe Mo Riv Div 5s.. .1020 J-J 120
Atlanta <to Yadk See aouth By
116 119
110% Oct '01
1910 J-J 1104
Austin & N
See Sim Paeilic
Chic& PacDivGs
1164122
118% 118%
1921 J-J 118
Chic<fc P Wlstg5s
Creek <fc a See Mich. Cent
Bat
111% 110k
113 Oct '01
J-J
1910 J-J 114
alt<fc Ohio prior lg 34s. 10
Dak & Gt So g 5s
96 34 Sale
964 96 34 167 944 97 34
1374J'lv'9i>
3
1334
*
J-J
Q-J
1924
12 95
Begistered
95
95
Far <fe Sou assu g 6s
95 4 95
A.1926
954
120% 126 4
1910 J-J 1234125 123k Oct '01
Gold 4s
103 Sale 102 k 103 222 99 105
Hastcfe DDivlst7s
/1.1048 A-U
1104H04
1104MaV01
1910 J-J 1104
15 101k 104
Registered.....
1st 5s
/i.1948 y-j *
102 101 34 102
'01
3
3
185 188
188
185 Oct
1908 J-J
005 1004H0
Conv deb 4s
1911
I & D Exten 1st 7s
1093s Sale 100 4 109
1174H0
a
3
117
'01
11«4119
1174
M-N
J-J
4
1919
LaCrosse & D 1st 5s
80 4
89 4 Oct
P Jun & Div 1st g 3 4sl925
874 91k
108 110%
108 J'ly'01
1910 J-J 110
Registered
Mineral Point Div 5s
pl925 Q-F
114% 1194
1910 J-J 117 1174 116% 117
South w Div 1st g 3 4s... 1925 J-J
89 4 Sale
894 89 \ 07 88 58 92
So Minn Div 1st 6s
3
113 1174
116
115
4
1909 J-J
nek 115k
Registered
904J'ne'()l
Southwest Div 1st 6s
/i.1925 Q-J
904 91
'01
110% 120
l^....
118
Oct
F-A
J-J
1921
Minn
DivgSs....
Monon Riv 1st gu g 5s. .1010
111 May'00
Wi8&
116 119%
D 6s... .1910 J-D 116 118 116 J'ly'ol
Ceu Ohio R 1st og44s.. 1930 ,\I-S
111 J'ne'99
Mil & No 1st
118k 122
1913 J-D 1194.... 118% Sep '01
Beech Creek See N Y C & H
1st consol 6s
137'
140
Oct'01
139k 142 4
Belle v & Car See Illinois Cent
8 ....
Chic & N'west consol 7s. .1915 Q-F
1044108
Boone Bridge See Mo K & T
1902 J-D 105 34 .... 1054 Oct '01
Gold 7s
100
106
104k 108
Bklyu & Montauk See Long 1
1902 J-D
Begistered
108kH2
108% Oct '01
Bi'nns <fc West See 8av Fl &
1886-1926 F-A 1084.
Extension 4s
.Mar'OO
107
F-A
Buffalo N Y <fc Brie See Brie
1886-1920
Registered
3
3
111
Oct'01
M-N
Buffalo R & P gen g 5s. ..1037 M-S 118 34 Sale 118
109k HI
gold
1987
General
34s
118 4 26 115 118 4
103 Nov'98
Debenture 0s
1947 J-J
Registered
»19S7 Q-F
i"l"34 i*16k
All&s West 1st g 4s gu.. 1998 A-O
Sinking lund 6s... 1870-1929 A-O 1144117 110 J'ly'01
111 Oct '00
Cl<fc Mall lstgu gos
1879-1929 A-O
1043 J-J
103 Apr '97
Begistered
Aug'Ol
108
108
A-O
Boch<fc Pitts 1st g 6S...1921 F-A 127 58.
ibe**"""
4
k 1104
fund
.1879-1929
127 Oct '01
Sinking
5s..
127 130k
107% 107%
Consol 1st g 0s
107% May'Ol
10:22 J-D 120 l4.
128 Oct '01
1879-1929 A-O
Begistered
128 131
108 110k
Bulialo & Southwest. See Brie
1909 M-N 107 4110 110 Aug'Ol
Debenture 5s
108 108%
Bullalo ifc Susiju 1st gos..l913 A-O
10O0 M-N
109 108 Oct 01
100 Nov'99
Registered
114 34 Oct '01
Begistered
1013 A-O
1021 A-O 114
114k 117k
Debenture 5s
114 114
114 Oct '01
Bur Cedar R <fc No 1st 5s. 1000 J-D 1004.
100
100
Registered
1921 A-O
1044108k
l
A-O
'01
Oun 1st ifcool trust g 5s.. 1934
12l 4.
1224 Sep
Sinking fund deb 5s
1933 M-N 121 4 Sale 1214 1214 10 1214 125k
1194127 4
122 123
M-N
123
Registered
May'Ol
1934 A-O
117 Nov'oo
Registered
1033
CR U'&iN Wistga58.1921 A-O 11358
113 4 Deo '00
Des Mo <fc Minu 1st 7s. .1907 F-A
113 113
113 Jan '01
& at L 1st gu g 7s 102 J-D
Milw& Ma<lison lstOs.,1905 M-S
110% 111
1908 J-J lo7 Sale 106 34 107
110% Oct '01
1910 M-S
Cianada SouUi 1st os
North Illinois 1st 5s
105 4109
M-S
Aug'Ol
'2d os
1013 M-S 1084110 109 4 Oct '01
F
St
Paul
1909
1104.
110k Hlk
Ott C
&
1st 5s
107 111
110k
Registered
1913
120 4NovOO
107 Aug'Ol
Winona <fc St Pet 2d 7s.. 1007 M-N 1174.
100 34 108
Carb <fc Shawn see III Cent
137 Sep '01
135k 141k
Mil L S <fc West 1st g Os 1021 M-N 134%.
1234
Carolina Cent See Seab & Roan
Ext & Imp sfund g 5s 1020 F-A 125k.
125k Oct '01
Apr'Ol
Carthage & Ad See N Y C «fc H
Ashland Div 1st g Os.,1025 M-S 1394.
143k 143k
143k
CedRlaF&N SenBCK&N
140 Sep 'OJ
138% 143
Mich Div lstg6s
1024 J-J
1074 107%
Cen Branch U Plstg4s...l94b J-D 914.
1074Feb'01
91 Aug'Ol
Convertible deb 5s
1007 F-A 1044.
91
96
113
113
Cen Branch Ry see Mo Pao
113 Apr'Ol
Incomes
1011 M-N
Central Ohio See Balti & Ohio
128 Sep '01
127k 1314
Chic Rock I si <fc Pac 6s. ..1917 J-J 1284
1264 132 4
Cen RR & B of Ga col g os 1937 M-N
Registered
1917 J-J 120 4129 127 4 Sep '01
.106 103 Oct '01
96 1034
Cent oi Ga RR 1st g 6s..yl045 F-A
1204 Mar'01
General gold 4s
1988 J-J 106k 107 1004 106k 4s 105% 110
119 1204
F-A
Registered
1054 108
.pl945
Registered
1004 Sep '01
1988 J-J
Cousol gold os
.....1045 M-N 1054 Salt ib*4*i**io§"" 137 "97ki08 34
99%Feb"01
99% 99%
DesM&FtD
1st 4s.... 1005 J-J
Registered
1945 il-N
1005 J-J
80 k Aug'00
1054 Sep '01
1st 24s
10541054
Oct
1st pret income g 5s....pl945
70
70 Salt
Extension 4s
97 Dec 00
70
1005 J-J
S3 00
844
11041124
2dpret income g os
26
28
204 274 7 20
Keok <fc Des 1st 5s
192 A-O
111% Aug'Ol
i>1945 Oct
304
Oct
*
3d pret income g os
15
15
144
ChicfcStB
SeeAtchT&SaFe
164
2
8
21
i)1945
Mao<& Nor Div 1st g 5s. 1946 J-J 105 ...
95 Dec '99
Chic St L cfc N O See 111 Cent
Mid (ia & Atl Div 5s
1047 J-J
102 7>ne'99
Chic St Xi ^ Pitts .set Penn Co
Mobile Div 1st g os
100 Oct 00
1344142
1940 J-J 106
Chic St P
<fc O con 6S...1930 J-D
140k Oct '01
140k
CentolNJ 1st cousol 7s. .1902 M-N 1014
104 34 J'ly'01
134 1404
140
140
Ch St P & Minn 1st g6s 101s M-N 1374
104k 108
140 140
General gold 5s
19s J-J 131 Salt 181
131
Nor Wisconsin 1st 6S...1930 J-J 18834
140 Mar'01
127 1374
Registered
M987 Q-J 129k 130 12:1
129=.
129
18 127 132
127 137
St P & S City 1st g 0s...l919|A-O 120 Sale 129
I
i
d-F
3-F
3-F
Q-F
'4
112U
112 116k
137
13078 1390b
110
lll^s
108 113 4
Ang'Ol
i :;'.e, 1394 Oct '03
107 \ 110 Mbv'OI
108
107 \ 108
137
121
107
103
.
MS
MS
J
:
.
-
.
;;
'
.
r
.
.
:,
.
MS
1
,,
.
.
M&
.
.
M
.
7
MS
<
i
W
Mb
M
,
M
W
M
.
MS
M
M
,
MISCELLANEOUS BONOS—Continued
Street Railway
Brooklyn Rap Tr g 5s
1945 A-O
Atl Av Bklyn imp g 5s. .1934 J-J
BkCity 1st con 5s.l910, 1041 J-J
BkQ Co<fc Scougug 5s. 1041
M-N
Bklyu U11 El 1st g 4-58.1950
Kings Co El 1st g 4s.. ..1940
Nassau Elec gu g 4s
1951
City & S Ry Bait 1st g 58.1922
Den Con Tr Co 1st g 5s. ..1933
Den Tram Co con g 6s. .1910
Met Ry Co 1st gug6s..l911
F-A
F-A
D.
.
Cit St
Ry 1 st
1044
Sale
110
li:-S4110
Street Railway
10341104 Met St Ry—(Continued)
Col&9thAvlstgug 58.1993 M-S
LexAv^P lstgu g5s 1993
1004105 4 MetWSEl(Chici Istg4s.l938
Mil El By & L 30-yr g 5s. 1920
98 103
1134 Aug'Ol
111
88
115
95
95
J'ne'00
J-J
J-J
100
102
119i4 Sale
121
1943 J-D
latest bid
1'
Minn
St
Ry
St Paul City
J-D
A-O
con g 5s. 1905 J-J
No price Friday;
30
J-J
MarketStCRy Istg6s..l918 J-J
Met St Ry gtu col tr g 5s. 190T K-A
Bway&7th Av lstcg5s 1943 J-D
*
101 v
Jan
994.... 102 4 Oct '01
100% 100 4 1004 100k
90 ....
904
91
Gr Rapids Ry 1st g5s...al91( J-D
Louis Ry Co 1st con g 5s. .1930 J-J
Registered
1034
and asked
102
102
100
Mar'Os
H9k
1214
1194
1214
1014102
.M-S
F-A
F-A
1st con g 5s. .1910 J-J
Cab con g
5s. 193
J-J
Guaranteed gold5s
103 J-J
gold
Third Ave 1st
5s
193 J-J
.'.2000 J-J
1st con guar 4s
Union El (Chicj 1st g 5S..1945 A-O
Chic St 40-yr 1st cur 5s. 1 92s M-N
40-year consol gold 5s. ..1930 M-N
W
123
122 34
122 123 34 120
101
106
110
111%
114k
Sale
114k
123
103
104
123
103
121% 126
123
Oct '01
Oct '01
Oct '99
Apr'Ol
120
98
Lib" lib"
1114114k
114k
Aug'Ol
123
103 4
1094Dec'99
19 102
99
1234
103%
125 4
105
Dec'
Gas and
1
11741224
1
118k 122k
119 4 Dec 00
this week,
on Next Page.
a Due Jan
d Due Apr
Electric Light
Atlanta G L Co 1st g 5s... 1947 J-D
Bos U Gas tr ctfs s f g os.1939 J-J
Bklyn U Gas 1st con g 5s. 1945 M-N
e
91% Oct '98
116% Sale 116% 116%
Due May jDueJ'ue /iDueJ'ly k Due Aug p Due Nov
1
s
115
1194
Option sale
November
Bond KeCOrd— Continued— Page 2
1901.]
2,
BONDS
N. Y.
\\
i
Price
BTOCB E \<n \NGE
ik Esmvi Nov. 1
Nov
11
Ohoo
Cm
a
ik->
1st
l
Cin
(
II
Jan
15
13
II I
Oct '00
L987
111
Cairo Dlv
Cin \V Jfc
St 1. Dlv
BA
n
J'ly 01
113
110
IOP,
101'-
J-J
106
100 k 104
J.J
109
10!
Ool
gia.,1990 M N •104
1990 M-N
103
J'ly'oi
09
100
May'99
1st
1st
W W Val Dlvoonaolgg
MS
98
4s.. 19 id
la.. .1940 .l-J
6a.. 1920
4s
Btered
1st sold
A-
1930
kl936
Ol con 1st gOa..] 928
oonaol 7s
L91
Consol sink fund 7a.. ..19]
General consol gold 8s. 193
Registered
193
I
»
jii
l
j
l
Hi
104
'j
104
,
115k-.-
1
113k
'
lor.',
99
.
n
j.
loiv,
mo
mo
104
Hj
lot.
L64 Oct '01
k J'ly'01
113«b I'
•"''•-
133
133
J'ly'01
81
81
A
11
of 1882 1st 6a. 1913
Bio
a-
11
By
.\ia
1.
100
109
»7
g6a...l94
i"i pt
:
105
107
106
1
1
107'
1
1
w
s
1.
J-J
1
a
Bale
98
107 k Sale
107
104
104
'jt>\
101
95
B8»4
.
i
SeeC B & Q
A
Han
ouaatonlo SeeVl v N 11 a 11
Hook Val 1st consul g 4 k-s. 1999
&
Col
K
on si
A;
1
V
11
lluiisl
95
99
73k
loou_.
464
115
79
k
115
115
107
k
1
L999
ext g 4s.. 1948
1st
A WTex BM
Tex
Oct
'01
)il
'01
pi
'98
09 k
1(14
100 s 4
104
107
L02
L02
106
So f.tr
SeeSo Pact '0
c'cn
Illinois Central 1st g4«..
98
73
115
L9fi
I
1
Registered
051
1st gold 3ka
1951
Beglatered
196
lBt gold 3s sterling
Beglatered
Coll Trust gold 4s
1952
19'
Registered
L O A Tex gold 48....19."
Beglatered
19C
Cairo Bridge gold 4s
L950
Louisville Div gold 3 ks. 195 :s
1953
Registered
1921
Midland Divreg 5s
si Louis Div gold 3s
1951
Registered
1961
Gold 3kS
195
Registered
L951
1
1(14
.
•-j
1
129HiMay'01
Sale
88
88 k
129Hil30Hi
81
81k.
814
81k
77
B7
88
88 k
83
89 k
M KAT
78
87k
k
106
L04 a8 Oc1 "i
104
lot;
132 Hi.
12034
L38
138
140
...
Apr '01
1203,123 k
138
101'aMnyol
101k
Oct '01
Oct '98
1303.)
110
N
*101
185 k
104 1* Sep '01
117 78 May'01
4MaV01
145k 147 k
H2
1194 J'ly '01
.
'hi
L06
Jan
98
100 k 103
May'99
90k Apr '01
90
91
Aug'01
ib'ikioSk
113<%Sep'0]
112kH5k
124
90
128
124
i24"i'24"
lol
101
1011
1133a.
LOO
102
(in
102
10234 102
123
Spring Div 1st g3k8..-1951
Western Lines 1st g 4s.. 1951
1.1
vNov'00
1951
Registered
Bellev
Car
1923
CarbASliaw 1st g 4s. ..1932
Chic St L A N O g 5S...1951
Registered
1951
Gold3ks
1951
Registered
195
128k.
May'01
Nov'98
Oct -o)
Sep '01
101k Oct '01
126
10634 109
106
106
107k
105
107
6s
1st,
.t.-
133k 186k
US'-. 119k
101k 104k
117k 117k
13 5
101
110H2.
140
lot's
110 k
on
102
1
'11734.
129 k
123k 124
101k 101k
1
147
149
Snslstcongu7s.l90G
113*8
Registered
1906
Gnar gold 6s
1906
Registered
1906
Bens A Saratoga 1st 78.1921
Registered
1921
Del Riv RR Bridge See Pa RE
Denv A R Grist con g 4s. 1936
Consol gold4ks
1936
Improvement gold 5s... 1928
Rio Gr So gu See Rio Gr So
Den A S West gen s f g 5s 1929 J-D
DesMoiAFtD SeeCRAIP
Des M A Minn -See Cli A N AN'
Des Moi Un Ry 1st g 5s.. 1917 M-N
DetMATol SeeLSAMSo
Dot A Mack 1st lien g 48.1995 J-D
Gold 4s
1995 J-D
Dul A Iron Range 1st 5s. .1937 A-O
1
103
!
1
'01
93 k Oct
93
103k.
111
92
91
113
102
92
113
92
108
107
92
108k
HI
J'ly'01
102
92
Oct '01
110
102
92
116
Feb'01
5
W
116
TenVa A Ga See So Ry
A East 1st g 5s. 1941 M-N 111
Eliz Lex A B San See C A O
Elm Cort A No See Leh A X Y
Erie 1st ext gold 4s
1947
2d ext gold 5s
1919
3d ext gold 4ks
1923
4th ext gold 5s
1920
5th ext gold 4s
1928
1st consol gold 7s
1920
1st consol g fund 7s
1920
Erie 1st con g 4s prior.. 1996
Registered
1996
1st consol gen lien g 4s. .1996
Registered
199(1
Penn coll tr g 4s
1951
BnffX
Erielst7s..l91i>
Buff A S
gold 6s
190S
Chic A Erie 1st gold 5s.. 198',
Jeff RR 1st gu g 5s....al909
Long Dock consol g 6s..l9c"
Coal A RR 1st cur gu 6s. 1922
Dock A Imp 1st cur 0s.. 1913
112kApr'01
112kH2k
North Ohio 1st gng
116
L Sho A Mich S
140kl42k
99 14 Sale
87 34
Bale
94 k Sale
k
94
123i« Oct '01
loo's
134Hi
107
137k Aug'01
116
105
137
108
118
II8H2 Aug'01
118kl21
112ia
109
102
Sale
115Hi Sale
1st consol 6s. ..1921
1st general gold 5s
1942
Mt Vernon 1st gold 6s. .1923
Bull Co Branch 1st g 5s. 1930
See
Sep
'01
108
140
k
Oct '98
1154
118
94 Feb'01
107H2 108
1154
115k
115
111
94
100
115 k
5s.
Leh Yal
80
.
34
11
99k
124
96
126k
101
Aug'01
Oct '01
r.5
69
121k
121k
Wd
128
103
80
115kH8
06 k 72 k
157
68 k
68 78 Sale
118»8
119
94
108
115 k
107klllk
X Y 1st gug4ks.
Registered
113H
110
.
iie"
',
63 k Oct '00
i"0834
118 34l24k
LISkOct'Ol
117
"01
110
HOkOct
119k
115k
UOkMay'Ol
llOkHOk
HOkOct
108 s4 Oct
8k Oct
K)8k 111k
LOS kill
1
'
1
1
'01
'0
1
114kll8k
'hi
109 '-.Oct '99
109 J'ne'01
io9"i09"
OOkJ'ne'Ol
"95*"i00*"
194 5
AN
E1C
1st g lstpf 68.1914
Gold guar 5s
191
Leh A Hud R See Cent of N
Leh A Wilkesb See Cent of N J
Leroy A Caney Val See Mo P
101k Sep
1
'99
.1
See Erie
Long Island Istcon g5s./il93
1938
19
Unified gold -is
Debenture gold 58
mi;
N YBA M
N YA R B
102
L93
105
19]
98
105
I
Nov'97
123
Aug'01
123
107
126
111
Coll trust gold 5s
193]
Coll trust 5-20 g 4s. 1903-19 Is
ollian Branch 7a
L907
114
Ang'01
108
114
L Cm A Lex gold 4k-s... 1931
N O it M 1st gold tis.... 1939
113
1st n
102%
tis.
102klO5
J'ne'01
98k
Oct '00
Oct 'in
95
Feb'01
101
95
97
95
107
.Ism '99
105
113
May'00
114
Sep
In,
Mi
101k 1013, lolk
Hi 1\
112
111
99*4
120k
114k
104k
112k
11 i
110k
H4k
li-lk
99 k Sale
'
Nash
105
ion
109kH0
110
109
110
120
112
1
65
123
109
<Ss
123
106
|
1st con g 5s 935
1st g 5S.....1927
It
123
E H
121
16 100
1
NorShB Istcon ggu5sol932
Louisv it Xashv gen g 68.1930
Gold 6s
i.i.;;
Unified gold 4s
1940
1:1 m
Registered
I
J'ly'01
102k
102k
19
Mont I8tg6s..l91
T.klyn A:
1st 5s
.121k 121
1
M931
General gold 4s
Kerry gold 4ks
Gold 4s
Oct
112
Ill
V Ter Ry 1st gu g5s.l!)41
Registered
1941
Leh V Coal Co 1st gu g 5s. 933
Registered
1933
Leh A N Y 1st guarg4s.. 1945
110
125
'<H
100«8
121k-
1997
1997
1910
1940
lllHj.
'01
'01
99k Oct
125k Sale 125 k
N Y Cent
g
coll
Registered 5s
1st consol gold 4s
123
100
gug6s.,1926
Lehigh Val (Pa)
92k 96k Long Dock
121
96
108
1937
General gold 5s
1940
Terminal 1st gold 5s.. .1943
Regis $5,000 each. ..1943
Wilk A Ea 1st gu g5s. 1942
Erie A Pitts See Penn Co
Eureka Springs 1st g 6s. .1933
83
136 k 136 k
1154 116k 1154
117k 118k 118
4ks
1
'
136kOct'01
W
NY4 Green L gu g 5s. 1946
MidRRofNJ lstgOs.1910
NY Sua A W 1st re? 5s. 1937
2d gold
12078 121
111 J'lv'ol
111
118
12334 Mar'Ol
128*4 124
107 J'ly'01
107 107
140 Oct '01
189 143k
135i4 May'01
18 5 k 135 »s
99 k 196 95 k 101*4
98 34
99 Aug'01
99
99
87 Hi
87 k "94 82 14 91
94
105 k Oct
100
99
100«8 Sale
75
78
118 ....
5s.. 19 15
118k 119k Leh
120T8 Apr'01
'01
LAN
Registered
118 ....
113 ....
llsk....
io7k....
YA
A
City Son 1st gold 3s. .1950
Registered
1950
Kansas Mid See St L A S F
Kentucky Cent See
Keok A Des Mo See C R I A P
Knoxville A Ohio See So By
Lake Erie A Wist gos.. 1937
2d gold 5s
1941
112
'01
106
"looklOl
*
Kan
92 k Feb '98
116 Oct '01
118k Jan
121
'
'
W
A
KCAMRABlstgug5s.l929 A-O
Kan C A Pacific See M K A T
Jast
Elgin Jol
Oct
102 k Nov'00
107
104
Great Norlstg6s.. 1919
2d gold 5s
1909
3d
gold
1921
48
104k
111
Eowa Central 1st gold 5s.. 1938
Jefferson RR See Erie
113
A A G R See L S A M S
Kal
an A Mich See Tol A O C
96
151
15 100
'01
1
Int
112
'01
'01
102»4 103
111 J'ne'01
112k 1 13 Sep '01
......
'
Oct
g 4s. ..195
151
150
117
j'ne'99
Oct
Jan
1st
Registered
llOklllk
112k
15034 153k
149
116
J'ne'01
Sale
108*4
193 A-O
2d 6s
1916 J-J
Dul Red
A S 1st g 5s. ..1928 J-J
Dul So Shore A Atl g os.,1937 J-J
F^ast of Minn SeeStPMAM
11;
1 22
111
112
1 52
151
110k.
iiSk
Ang'01
Oct '01
Memph Div
1951
St L Son lat gu g 4s.... 1931
Tnd Bl A West See C C C A St L
1935
Ind Dec A
1st g 5s
1st guar gold 5s
193
Ind 111
la 1st g 4s
1950
Registered
Evifc Ind lstcou
Jlt,jri
'
,
1
W
EvATH
Ui b
l.i, ui
1
VOA
1
138H
.
Del Lack A Western 7s.. .1907
Morris & Essex 1st 7s... 1914
7s
1871-1901
1st consol gnar 7s
1916
Registered
L916
N Y Lack A 1st 6s... 1921
Construction 5s
1923
Term A improve 4s
1923
Sj-r Bing A N Y 1st 7s.. 1900
Warren 1st ref gu g 3 ks. 2000
Del A Hud 1st Pa Uiv 78.191"
Registered
191
A
Wa
11
Nor—C BAQcoll n
Greenurlt r Ry
w
Alb
105
i/i'.u
cm mi 5a
Ga Card No Lat gn g5H.. L929
Georgia l'acillo See So Ry
1
Ahk
a
1
1-1 -
II
Xor 8m Bo
il.-t
tiouv A Oa
rand Rap a ml Si
Gray'a PI Term Sea si
I
FA
e
Mai
Registered
Col Midland 1st g3-4a....l!U J-J
1st gold 4s
194 J-J
Colorado tt Sou 1st g 4a... 1929
Col inn .t Greenv Bee so By
Col A Hock Val See Hock Val
Col Conn it Term 8m x it
Conn A Pas Blvs 1st g Is. 1943 A O
it Gt so
SssC M A sir
.S.
81
r<
Lai K 8
'.r Lai R 3 Is L928
S A Sei So PaoCl
i'i
'al liar
(,a a
\*i
1
131
.
Waco
-v.
Pi
si .lo
l.i
Dak
alias &
I'.
M
i.i
jj
A Wist pre! Is. in A-O 104k
O Ind A W lstpf 5s...<
Pco A East 1st con is.. .1940 A-O
BS Sale
73
76
income 4s
1990 Apr
CI Lor A Wlicnn 1st g Bs.1933 A-O 115
Clev A Marietta See Pens BB
Clev A Mahon Val g 6s.
J-J 12Sk.
1938 Q-J
Registered
Clev A Pitta See Penn Co
111
A
a
\\
l-'i
Nov'99
M-N
i
Jan
19
Mil
'03
'01
t*
1
v iai
1'
1st gold [a. ...1939
Imv Lat g la.1991
M
CIStL&c
IihI
'00
/
104
ii
1
\i gold 5a
land gi
1943
Oonaol gold 5s
11 D Co latg4 4s. 1941
StL
Sai h
1st ool tr
Registered
Snr A Col Dlv
A
Hi.
.V:
11
.
Set
8m
re M
i*i
Lai
I
go g 5a.
C C * StL
A Man
CCC <&
ir.i'i
1
J-D
Cin S
117
m.M
.
lit
Jlu/li
11
103
u
I
lint
Ben '01
lis
...ol919
SAC SmCO<
Clearfield
1
See
81 i.-t
I
a
Low
L,
I
'01
7s... L906
>8
oonaol
1>
2d gold
Chi n a
C
107kJ*lj
...$1932
"i. i
ii
A'o
II
\' II A M.l.
X. V VtOi K
Will M1IM1 NoV. 1
1\n 'go a Bo
a West Midi By 5a
Cliu
Jimii
lino
i'05k.
i
gold 8a
il
i
A si,
tU
Sn
January
lust Sal*
1
BONOS
Bang*
,,K'S
or
98
Ghioago Ter Trans g4e ..194
Clii<-.^ West
lat a fg 6a
<.. in
II
Bong*
Friilaij
945
...1919
im:
116
'01
'--
99
102
116
116
130
130'4
;
6
ran '98
IUISCELI.ANKOI S HONDS-Continued on Next Page.
Gas
si
ml Electric Light
ChGLACCo SeePGACCo
Columbus Gas 1st g 5s.. ..1932 J-J
Con Gas Co See P « <8s C Co
Detroit City Gas g 5s
1923 J-J
96
Det Gas Co con 1-t a 5s.. .1918 FA 100
Ed El 111 ilk n See K Co E LAP
Ed E III See N Y ti A E L H A 1
Ei]9LNY 1st con
ti
5s.
.
1932
Eq O A Fuel See f (i A- C Co
Gas A Elec Berg Co c g 5s. 1 949
Gen Elec Co deb g 5s
1922
Gr Rap G L Co 1st g 5s.. .191
KC Mo Gas Co 1st g 5s... 1922
Kings Co El L APg 5s.. .1937
Purchase monev On
Ed
El II
Bkn
MS
J-D
J-D
A-O
A-O
Lac G sis Lot St Ii 1st g 5 s el 9 1 Q-F
Mut Fuel Gas Co See Peop .sis
9G34
96
105 Oct '01
rl
,
9
103
106
1
102
No price Friday;
latest bid
118kl20
G2
118kOct
61k
186 k
'oi
Oct '01
Apr '01
107k Dec
61
155
io
102 k
186k
'Oil
......
124 k Sale
97 100
107k 110
and asked
l.-l
1st
ill
conv g
6s.. 1910 MS
1995 J-J
COnSOl gold 5S
NT&QE1 i.a P I8toong5sl930 l-'-A
Paterson
MP <; A E g 5a
118kH8k Peo (.as A C l.-t gu g 6s..
M-N
2d guar gold 'is
si ci.u gold 6a
Llfl
Oct
130
100
'01
1
116
94k 98k
:h>
lol '01
111.'.';
121k
121
Lpr'Ol
ne'ol
102 k
L02k
iillilills.'
96
110
12 Pi
124
Oct '01
110
96
107
126 k
96
110
this Treek.
o
Due Jan
d Due Apr
11
1'iiei
J'ly'00
102
1943 A
gold 5s
ChG-LA eke L8tgn g5s
('on (i
out u si gu Bq Q A PCh Im gn
.M
lo7
J-D
1
(
12 Ik
I
*
Ed El
.»-
FA
1997 A-O
1st con g4s 1939 J-J
.
97
(Jas nnd Electric Light
Newark Cons Gas con g5s 19 is J D
N Y G E 1. II ,t V g 5s... 19 l> J-D 113k 11 5
Purchase money g 4s. ..1949 FA
97
(
1
Gas
1.-1
gu
106
i S
1937 J-J
ill
Ml
J-D
J
g 5s. L9
I
126
108
ill
104*4
l.t 'nl
10a
102
Eeb'Ol
:109
L04
J
M-N
Trenton G it 1:1 lsi a 5s. .1949 MS
Utica !: Lit P lstsfg 5a. 1950 J
M-N
Westei n i;.is Co col tr g ."i
k 104 4
120
1
101k
109
HO
1044
106
109
.1
eDueMay ADueJ'ly
k
Due Aug
107 k Jan "01
Dae Oct
3
Due Des
'i
1
07
Option
k: 074
Bond iiecord—Continued—Page 8
J)46
BONDS
N. Y.
\\
STOCK
/•rice
\''li
i
\'.
\
BEK ENDING NOV.
Nov
1
Inued
A Nash
193(1
a U 2d sold 6a
Pensacola i>iv gold 6s.. .1920
Linn
,\
,\
«
Ask
J -J
Pens a ah ki
S,V N Ala
Sink tun. gold 6a
l, a .1.
BdgeCogu g
I
,NV.
1
-
78b
102
1
10b 112
IIP
111
Aug'01
111
117
Lie
Sep
'01
112 '4
Oct
'01
111^117
11(1
115b
I
1
1
6
MS
194
is
CIA
N A A Oh
Mahon Coal 8m s A MS
1.
I'
19b
116
Lbo"ibo"
libo" Mar'bi
1.
i.
By oonsol 4s. 1990 A-O
1990
latered
Metropol El 1st g 6a.... 1908 JMan s \v Golonlz g 6a.. ..1984 J-l)
An
Bo* N v Cent
A
Metropolitan
Bet Man By
Mex Cent, oonsol gold is.. I'M
1st consul Lnoome g3a.al939
2d consul Income g 3a.. a 939
191
Equip A roll gold 5a
1919
2d aeries gold 6a
10278.
L02%
115% 116 'h
ll5%
1
i
106b
II )5
^lOu'.i
110
114
2dinc6sAcp
stmpd../i l'.M 7
2il income (fold 6s B...ftl917
Mex North 1st gold 6s. ...1910
83
29b Sale 28%
19b 201-. 20
Salr
A-O
A-O
N Y Cont
117b
Aug
J-D
14
20
C".
80 b 90
:w'i
26
27
18
82% 91%
90% J'ly'01
lOSbApr'OO
1
1
96
32
95
88
105
97
34
'103
b
95 Hj
86
23
88
98i 4
34 b
May'00
NW
&NW
M
M
N
Dcome 6a
4s..
1942
J -1
I'.Hll
M S
1
M Jane B ga lsi
Reg! itei
1st con
NY
992
s<
M-S
147b Feb '01
145
119^
124b
119b
119
147bl47b
119 122b
J'ne'01
123bApr'01
123b 123b
122bFeb'01
122bl22b
4 ll(>b 121%
121% 121%
103% Sale 103% 103% 19 97 105
119
95
M
99b
79
104
Oet '01
Apr'01
98
98
128
80U 60
57
105
100
100%Noy'99
98
105
Sep
'01
105
96'4 100
75
97
87
106
98
96
100
108
99% 105%
87b 91
103b J'ly'01
90bJ'ly'01
110
115
103 b
98
Oct
Oct
107
114
111
117
Muni
84% 96%
SeeNYC&H
Monongahela Riv See B & O
Mont Cent See StPM& M
Morgan's La <fe T See S P Co
Morris & Essex See Del L &
Chat & St L 1st 7s.l913
Nash consol
gold 5s
1928
1st
Jasper Branch 1st g6s..l923
McM M & Al 1st 6s. .1917
Branch 1st 6s. ...1917
W J-J
W
T&P
Nash Flor & Shef
! red
Det Mon
A-
19971
To! 1st 7s 1906
130b
131
125 Aug'01
95 14
95 4
94 Sep '01
1
114 4 0ct'01
99 Oct '01
Malion ci in:
.
128
128
112 b Oct '01
113 Dec'99
1903
1997
Registered
1997
Debenture 5s of... 1884-1 904
Registered
1884-1904
Regist deb 5s of.. .1889-1904
Debenture g 4s.. ..1890-1905
1890-1905
Registered
1905
Debt certs ext g 4a
Registered
1905
Lake Shore collg 3bs...l998
Registered
1998
Mich Cent coll g 3ba.. ..1998
Registered
1998
Beech Creek 1st gug 4s. 1936
Registered
1936
1936
2d gu gold 5s
Cart & Ad 1st gu g 4s... 1981
Clearfield Bitum Coal Corp
1st s f int gug 4s ser A 1940
J-J
J-J
J-J
M-S
M-S
M-S
J-D
J-D
M-N
M-N
F-A
F-A
F-A
F-A
J-J
J-J
J-J
94
110
99
96
116%
101b
126b 130
111
116
iis'ii;
111
Dec'99
-I
-
J
•
J
J
J
MS
M-N
M-S
M-s
Q-M
105
Sep '01
108b 110b 109b Oct '01
May'01
109b
103
101 Sep '01
103 Sale 103
103
109b Sep '97
101
103 b Apr'01
102 14 Jan '01
"99 li'.
101 ^ Oct '01
102% Aug'99
96 34
96b 97'4 95%
* 95
90'4 Oct '01
....
94 U,
94b....
94 b
96 Mar'01
112 115 IIII4 Sep '01
106
.
**"'"
100
102% 104%
102% 102%
101 103%
'01
M|
I
1
1,1
1
..
I
Ox b 110%
no
111
losblllb
•
Ob Mar' 00
l7%Moy'01
117
117%
128*" 128*"
1
to
'
.
132
123
jir'Ol
•
1
10% 146%
.
.
101
!04bOc1 ol
101%Sep'01
.
99%
lie
1 80
Oawe& R2dfrti g6s...«1915 F-A
R W<fe O T R 1st gn y 5s. 9 s|M-N
Ltica & Blk Kiv gu g is. 922 J J
N Y Chic St L 1st g 4s. 987 AvO
.
J'ne'01
.
,
131
A
125
110
125
Mar'01
Vuv'00
--
.-
1
..
I02bl<
101% 103b
I18bll9
7
131%
125
110
125
110
Ll5%May*0d
122b.M»v'01
125 '4
113 Apr'99
123
121
122b
125% 129
i
1
110
-
96%.
1
105
A-O
1 9.'!7
N Y & Greenw Lake See Erie
N Y & Har See N Y C & H ud
N Y Lack & W S««DL&W
N Y L E & W See Erie
NY&EongBr See Cent of X
NY&NE SeeNYNHA-H
Oct '00
107
Sep '01
19 106
105
...
109b
107
.1
202b Oct
'01
102
196
132
200 Oct '01
134%J'ly'01
134
200
136
2
1
N Y&N
YO&
108
110
104 b Sale
103
104b
62 102
108
110b.
ii2%j'jjr'0i
132 May'01
131
Oct '01
101bXov'9*
131%OCT oi
131b
102% 103 1 102'4 103
110'4ll2b
104% Sale 104 b
104=
l:i'.i7
132
129b 133b
...
131
il
128
132
128
134
99 b 104
107 b 107 b
99 104
104 34 119 103 106
Oct '01
103b 106 7e
69 b
69
73%
72% Sale 72%
70
70
72b 69
J'ly'01
99%
Registered certifiers. .1923
St Paul & Dul 1st 5s
1931
2d 5a
1917
1st consol gold 4a
1968
Wash Cent lat g4s
1948
Nor Pae Ter Co 1st g 6s. .1933
Nor Ry Cal See So Pae
186
...
...
97%J*ly'00
107b.riv 'Oi
104
104
107
101
a2047
«2047
CB&Qcolltr4s See Gt Nor
StPaul-Dul Div g 4s.... 1996
Registered
1996
St P & N P gen g 6s. ...1923
203b
Jan '00
Sep '01
130
130
W
Registered
General lien gold 3s
Registered
Feb'01
114
108
*108%.
N Y & Put See NYC&H
N Y & R B See Long Island
N Y S & W See. Erie
N Y Tex A M See So Pae Co
1941
1931
102
203
J
Convert deb certs $1,000
A
Small certs S100
Housatonic R con 5s..l937|MN H & Derby con gg 5s. .191 ^ M
E 1st 7s
1905 Jlst 6s
1905 JN Y & North See N Y C A- 11
N
Wref lstg 4s..</1992 -MRegie $5,000 only
V1992 M-
Sep
'01
72%
99% 102
..
1128
131b
J'ly'90
122 b 122 b
122bFeb'01
110% Oct o!
110%117
106
102
Jlyoi
106
88% Mav'00
117
hio River RR 1st g 5s. 1936
General gold 5s
1937
Ore <& Cal See So Pae Co
Ore Ry & Nav See Un Pae
Ore RR & Nav See Vn Pae
Ore Short Line See Un Pae
Series
Series
NW
Erie
99
97b
93% 97b
96
97
111 112%
J'ne'98
Oct
115' 8 119
'01
H2bJ*ne 01
112
,
95
102
112b
Dec'00
C
C guar
JJ-
1
12 4
112
.
108
111
102
105
101
Di
112
115^
112
102
,
SI-
A
110b
Aug'01
113b
:1
i
"00
118%
110bll4b
Oct 'oi
Xi.v'OS
119
121J4 Oct '01
121
122
'00
121% 126b
A
J-
J-
121
Oct
102
Nov'00
114
114
Sep 01
J'ly'01
*112
guar g....l949
113»4
A-
113%115
A
114
113
118
117%
116bll6b
HObFeb'Ol
110bH06b J'ly'01
106b 106^
97
99%
May'01
Oct '01 ... 132bl36b
.136% Apr'01 .... 135 136%
Il30 Apr'01 ....128% 136%
97
F-
1st 7s. ..1912 J1912 J-
7il912
H5
A-
1942 M1945 M-
4s guar
E 3b
107
105
M
1948 M1950
B.1940 J1940 J-
N&CBdgegengug4bsl945
P C C & St L con gu g 4bs—
Series A
1940
Series B guar
1942
D
A-
110
105
I-
& Pitts gug3bs
Series
Series
Series
J-D *110'4
1942A-
PittsFtWife C
2d7s
3d 7s
J'ly'98
1
.
B
C 3bs
Serie8D3bs
Series
95
94
Il33
133
132b
129
on Next Page
Coal and Iron
J-J
h
West Union col tr cur 5s. 1938 J-J 112
Fd and real est g4bs...l950 M-N *U>9
Mut Un Tel s fund 6a.. .1911 M-N
1904 J-J
&R
See N Y C & H
109b Sep
5 111
110b
2
10bll6b
NYC
Telegraph and Telephone
Comm Cable Co 1st g 4s.. 2397 Q-J
Registered
2397
Erie T & T col tr g a f 5s. .1926
Met T & T lat a f g5s
1918 M-N
MutUnTelCo SeeWestnTJn
N Y & N J Tel gen g 5s.. 1920 Nl-N
No Westn Teleg See West Un
Coal and Iron
J/tyh.
i-D
Coast Co 1st g 5s. .1946
Pae
ac of Missouri See Mo Pae
Panama 1st s fund g4bs.. 1917
Sink fund subsidy g 6s 1 9 o
Penn Co gu 1st g4bs
1921
104b 108
Registered
106 107%
1921
Guar 3bs coll trust reg.1937
107b 110%
CSt L<fc P 1st con g 5s. 1932
109 b 109 b
Registered
101 106b
1932
85 103 106%
C1& Pgengug4bsserA .-12
iif*
95
oi
1
M-N
M- N
N Y& North lBt g 5a... 927, A O
R W&Ocon lstext5s.M922 A-O 125
Oswego & Rome See
O C F & St P See C <fc
J-D
J-J
09b Oct
1
J-.I
J-.I
NY&
MISCELLANEOUS ItONDS— Continued
Am Telep & Tel coll tr 4s 1929
112';
112%
J
-I -
1934
MeKci-sA i; Vial g6a 1918
Mich Cent 1st consol 78.1902
1st consol 5a
1902
6s
1909
5a
1931
Registered
1931
4s
loio
Registered
19 10
BatC&Stnrlstgu g 3a. 1989
Harlem g 3bs...20iio
Registered
2000
.
10534 Oct '01
100 b Mav'O]
100 b Oct" '00
109 Oct ",K>
113'iOct'Ol
100b 102
Col Fuel Co gen gout 6s. ..1919 L-N
ColF& I Cogensf g 5s. .1943
De Bardel C & I See T C A I
ar RivCdal* C lstg 6s.. 1919
Jeff& Clear C& list g 5s. 1926
2d gold 5s
1926
113bH7 Pleas Val Coal 1st g s f 5s. 1928
Roch & Pit C & I pur 111 5s 1 946
111 116% Sun Ck Coal 1st g s f 6s. ..1912
1051-. 109 b Tenn Coal T Div 1st g 6s. a 1 91
111 116
Birm Div 1st consol 6s.. 191
Cah C M Co 1st gu g 68. 922
De Bar C & I Co gu g 6s. 1910
PC Co lstg 5s. 1919,
ipe'4 Feb'01 ... 1A6%106%
103b
101b Sale 101% 101b 20 96% 108
95 b Jan '97
107 May'97
80 May'97
105 Oct '00
106b
.
Sale 112
112
109 b 108 1- 109
111 J'ne'01
107
110
111%
1
WhLE&
101b-
107
111
105
101
32
Oct
Oct
105
110
112
100
104b
104
'01
'01
Feb '00
Oct
'01
Jan '00
I
.Manufacturing A. Industrial
101 Sep '01
F-A
101 104 b Amer Bicycle s f deben 5s 1919 MCol C & I Dev Co gu g 5s. 1909 J-J
Nov'00
Am Cot Oil ext 4bs
1915 QNo price Friday; latest btd and asked this week, a Due Jan e Due May g Due J'ne h Due J'ly /> Due Nov
ColC& Iextlstcong6s.l902
1
99% 109%
!20
J-J
ral 5s.. 1934
. .
<fe
Gold mortgage 3 bs
121 130
87 b 96%
112%
112'|
-A
.r
A Ylstgn 68.1932
Registered
'v
::
W
128
See L & N
New H & D See N Y N H & H
N J June RR See N Y Cent
New&CinBdge ScePennCo
N O N E prior lien g 6s pl915 A-O
N Y Bkln & Man Bch See L I
N Y Cent & H R 1st 7s.. .1903 J-J 105%
Registered
127bl32
I.um
Feb '00
l:;'j
J-D
I'
KaA#GRlstguc5s.l938
1
Nor Wis See St P M <fe O
Nor & Mont See N Y Cent
See C C C & St L
OInd &
A-O
J-J
J-J
J-J
110i4 J'ly'00
108
102
•
100bl09b
133
A"
st
1
V&
92
//,///.
io7'i Sale
101
(.'ii g is 1993
\ O
L08b.
gn g 5s 1916 A O
-112
Snore lstlagu...2361 j-.i
b1
Registered
2861 J-J
Lake shore oonsol 2<i 7s 19031 J-D 1 09b
Registered
1903 J-D 1 09 b
Cuiii 8ba
1997 J D -109
A;
N&WRy
91%
/..,.'
I'ii
.1;
Nor & South 1 at g 5s
119b 125% Norf & West gen g 6s
105'
Una
nuary
107bJ'lv'0o
|>
Improvem't & ext g 6a.. 1934
New River 1st g Os
1932
106% 107
103 110
lat con g 4s. 1990
Registered
1990
89 b Oct '01
C Ccfe T 1st gu g 5s
1922
89b 90b
100 May'01
Scio
100 100
N E lstgu e4s 1989
3 105 107
107
107
North Illinois See Chi & N
115 Oct '01
North Ohio See L Erie & "W
113 115
Northern Pacific
115b 116*4 "l8 114 119
116bJ'ne'0l
114bH6b Prior lien ry & 1 gr g 4s. 1997
105%
W
Clearf Bit Coal
slul.
\\'i si
NYNH&Harlatreg4s.l90:i
98
98
Rang*
a
'
>
6 F-A
198i F
.1
Nor
e^l
<*r
1
Bid
(Continued)
gU g
<fe
J-D
J-D
A-O
J-D
M-N
Mo Kan & Tex 1st g 4s... 1990 J-D 100 Sale
80% Sale
2d gold 4s
jrl990 K-A
1st ext gold 5s
1944 M-N '102bl05b
Boonev Bdg Co gu g 78.1906 M-N
96b....
Dal & Wa 1st gu g 5s... 1940 M-N
K & T of T 1st gil g 58.194" M-S 103 1061a
105
Slier Sh <fc So 1st gu g 53.1943 J-D
Kan C <fe Pae let g 4s.. .1990 FA 90 91
J-D
&
Neosho
1st
7s.
..1903
Tebo
MoK&Elstjmg 5a
1942 A-O 107 b
Missouri Pacilic 3d 7a
1906 M-N 110%
1920 M-N 121%
1st consol gold 6s
Trust gold 6s stamped. al 917 M-S * 105 b Sale
Registered
al917 M-S
1st coll gold 5a
1920 P-A 106 34 Sale
Registered
1920 F-A '"9*6""""".'
Cent Br Ry 1st gu g 4s. 1919 FA
Leroy&CVALlstg5al926 J-J
Pae R of Mo 1st ex g 48.1938 F-A 107
2d extended gold 5s. ..1938 J-J '115
St L Ir M«fc Sgen con g Sal 931 A-O 116b Sale
Gen con stamp gtd g 5s 1931 A-O
92 Sale
Unified & ref gold 4s. .1929 J-J
Registered
1929 J-J
1st g 5s. 1926 M-S
Verdi V I &
Miss Riv Bridge See Chic & Alt
Mod & Birm prior lien g 5s 1945 J-J
Mortgage gold 4s
1945 J-J
Moo Jack & K C 1st g 5s. 1946 J-D
Mob & Ohio new gold 6s. .1927 J-D 131 Sale
1st extension gold6s..7il927 Q-J
General gold 4s
1938 M-S
J P Morgan <fe Co ctfs...
Montgom Div 1st g 5s. .1947 F-A 113bll9
StL<fe Cairo gu g 4s.. ..1931 J-J '100
Cah Coal Min See T C
,t
1
P Ist5sstpd4sintgn 1936 J-J
Northwestern Tel 7s
I
1
M S S M & A 1st g 4 int gu 1926 J-J
MStP<fcSSMcong4intgu'38 J-J
Minn Un See St P M <feM
Mohawk & Mai
Al;il
Not
1
See Erie
See Chic &
Mil & Mad See Chic
Mil & North See Ch
<fc St P
Mil <fe St P See Ch
<fc St P
102
gold
7s..
Minn & St L 1st
1909
Iowa Ex 1st sold 7s
Pacific Ex 1st gold 6s. ..1921
South West Ex 1st g 78.1910
1934
lat conaolgold5s
1st and refund gold 4s. .1949
Minn & St L gu See B C R <fe
W
M-S
79
82 'a
J-J
.riv
•n.v
1
,SVe
A
Range
Friday
2d puarOs
Mexlnterinit 1st con g4s. 977 M-S
L927 J-D
Mex Nat lsi gold6a
<fe
102
B
11
loo
Pitts Me. K
i-'.l
M
103
Msiy'III
n v
MicliCcnt
Mid of N J
Mil L S &
1
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aiiliiiitiiii
McK'pt
S
1
r::
'01
OCT
MObMar'Ol
110'
A
A
L986 r a
1910 A
(
ii
I'
1
V cini a
.Mull
78b Aug'01
Ion
98
(
a-
B 5s ..1937
gu g 8a.. 1921
lln/li
i:.\c|l \Kndim. .Nov. 1
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/
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71'
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1st u'm
</
<
W.rk't
STOCK
X. V.
Dec'00
116
1.
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Low
L9b
1
MS
im\ lsi gold 6a
1921 MS
Si
1980 MS
2d gold
Kentucky lent gold la. .198 Jx
ma
m
A
1st g4bs 1948 MS
i,
Iliilh
/..,/'
A,.
BONDS
a gt
gin
Tan a"
su/.
J
r.id
I
i
/.vi
-
Rang
Friday
I.
[Vol. LXXIII.
64 b 69
64
101
1
s
Option
sale.
69
101
45,
111
60
99
82
102
November
BONOS
\\>
K
I
Penn Kit
\o\'
M.IS',
I
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gos
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1-
k
i
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b guai
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a Ch
•
102
N
1
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939
O
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M
N
A
5s 193
-
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1 1 1
107
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Consol
133
101
134
112
Sale
1
01
J
J
A-0
V Jan
01
Oct 00
Feli'ol
Ol
11 1
L87
112
114
J'll,
137
NuV9
Oct
120
129
111
127
1
1
1
1
'01
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90 J'ne'99
llS^Sip-lll
88 J'ly'97
•
1
.
100
119 V 124
97%
Sale
121
'••
97
92
8
>•<
Aug'01
Mar'01
Wl%
Apr '01
98
1
-M.i
•_'
921,,
92
99
92
93
J-J
J-J
St Law & Adirou 1st g 58.1996 J-J
1996
AO
2d gold 6s
St L & Cairo See Mob & Ohio
P
St L & Iron Mount See
See Wabash
St L K C &
StLMBr Sea T BR A of St L
St L& S Fran 2d g 68 01 A. 1 B06 M-N
1906 M-N
2d gold 6s Class B
1906 M-N
2d gold 6s Class C
1931 J-J
General gold 6s
1931 J-J
General gold 5 S
1987 A-O
1st trust gold os
PiereeC&O 1st g6s... 1919 F-A
RR
gold
4s..
1996 J-J
F
St L & S
Southw Div 1st g 5s.. 1947 A-O
1951 J-J
Refunding g4s
1951 J-J
Registered
1937 J-D
Kansas Mid lstg4s
St Louis So See Illinois Cent
St L S \V 1st g 4s bd ctfs.1989 M-N
2d g 4s ino bond ctfs...}/1989 J-J
Gray'sPtTerlstgugos 1947 J-D
St Paul & Dul See Nor Pacific
<fc Man 2d 6s.. .1909 A-O
St Paul
1933 J-J
1st consol gold 6s
193;; J-J
Registered
Reduced to gold 4V3..1933 J-J
1933 J-J
Registered
1910 M-N
Dakota ext gold 6s
1937 J-D
Mont ext 1st gold 4s
1937 J-D
Registered
E Minn 1st div 1st g 5s. .1908 A-O
Registered
1908 A-O
194- A-O
Nor Div 1st gold 4s
1948 A-O
Registered.
1922 J-J
Minn Union 1st g 6a
1937 J-J
MontC lstgugBs
Registered.
1937 J-J
1937 J-J
1st guar gold 5s
1937 J-J
Registered
Will & S F 1st gold 6a. .1938 J -D
Registered
1938 J-D
St P <fc Nor Pao See Nor Pae
<fcO
St P & S'x City See C St P
S Fe Pres <fc Ph 1st g 5s.. .1942 M-8
S A <fc A P See So Pac Co
P 1st sink f g 58.1919 J.J
S F <fc
SavF& 1st gold 6s. ...1934 A-O
1934 A-O
let gold 5s
St John's Div lstg 4s. ..1934 J-J
Ala Mid 1st gu gold 5s.. 1928 M-N
Bruns&
I8tgug4s..l938 J-J
Sil Sp Oca & G gu g 48..1918 J-J
Scioto Val &
E See Nor &
Seab & Roa 1st 5s
1926
Car Cent let con g 4s.. .1949
M
•.'
—
.ah
1
W
:n;i,
Oct
90
jo;,
90
105
111
'01
92 Hi 94 U
94 V.
.121
94
95
4
'J
W
,116
129V —
.
lai g 1 v 5a
111- div l-i g Is
l.i,
i'iii
B
gBa
1-1
1994
..1996
MS
115V116V
112
...
95
99
98^
Sale'
J
.1 • J
j-.i
.1
1951IJ-J
1918 J-J
•
1938 M-S
-tered
1922 j-j
Ga Pao Ry lstg 6s
Knox Ohio 1st g 6s. ..1925 J-J
1915 J-J
KielufcDah con g 6s
Equip sink fund g 5a. .1909
1927
A-o
stamped.
6s
Deb
A
97 U Sale
79 x4 7934
K 5s
1926 M-S
1936 M-N
General 5a
1930 M-N
Guar stamped
lstcy gu 48. .1924 F-A
WestN C 1st con g 6s. .1914 J-J
112*8 S & N Ala See L & N
114 18 Spok Falls <fe Nor 1st g 6s 1 939 J J
114^ Stat I si Ry lstgu g 4*28.-1943 J-D
'01
91 l4 102
100 hi Sep
'01
1001-2 1001-2
9678
78 34
M
&N
99
77
79*e 303
97^
llo^Oct'Ol
139^ Oct '01
11412.
139 Hj.
98»2
M
N
MS
g2000
2dgoldinc5s
flS^lOl^
1931
La Div B L 1st g 5s
193"
82 4 Tol<fc OClst g5s
71
Western Div 1st g 5s. ..1935
lll^.
115 ....
lOS^....
103>a....
106
....
105%
106
106
May'01
Oct '01
122 53]
128 Apr '00
140
140
115 Apr'97
121'aAug'Ol
i"24"
120
139»a.
'.
115*4
118%
139
142
Kan& Ml8tgug4s....l990
1
105%
Apr'99
Utah
Aug'01
111
112
127
lll 34Oct'01
.
106>2Feb'01
87 Aug'01
87
91»8J'ne'01
1
:;
w
107
ill
North See
Un
92
J-J
IOOI2
93
89
111
101
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94
Oct '01
J'ne'01
111
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oi
119
120
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11
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120
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l
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107
111
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120i. 321 lll
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112
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i
127 34
126
128
116 V
2
!''.
1,
1
>i
.1
121
i
:
lv in'
109
111V
106
110
'un
i
"!
'99
'01
'
on
111
Sep
117
116
Ocl 01
114
113
111
117
Aug'O]
115
116
116
120%
VSep
'00
120 58J'lie'Ol
91
.
121
",
-
ll>2
114H2.
114H».
85
l20Hi.
;
117V
i
110 '.
in
83
108 VOi
106V.
113"
119
112
100
120
-
101
»i
ill
i
Ill
127""
:
11 6
.:
l
9
i
'
Iv'ol
.1
117
J'ly'00
113V Oct
113V
112^ 113
113V
J-J
98
A-O
J-J
J-J
106
96
92 V 95
90
si
A-O
J-D
J-D
V Sale
US
108
105 34 Sale
J-J
J-J
M
106^4 Sale
J-D
103^ 104
126V 128
116V
N
J-J
F-A
J-J
Sep
J-J
J-J
107
103 V
11SVH6
o]
116 V May'01
115 Mar'01
104
Feb '01
119 V
97
119'-;
Oct 'oi
111
J'n. oi
115
113 34 114
115
A-O
105
116V
115 V 116 V
115
115
104
104
90
100
120V
17
iiovm
;;
113
113
103
95
86
J'ly'01
107
96 V Ocl '01
93
93
90 Oct "Jl
82
81V
98
98 V J'ly'01
108 On in
105% 1057t 239 103 V
104VSi|,'ol
104
100 V 108V 3468 103
110
110 Apr'01
103%
127
117V Oct '01
103VOet
117V
115 V
95
92V
100
09
107
106 34
129
110
1
ion,
103 76
126 34
01
125
115
130
103V
lot".
117
113
117VJ'ne'01
113 Mar'01
121
119
113
Pacific
W
<fe
M -N
117 V Sale
F-A *110V
98 Sale
J-J
59 Sale
J-J
J-J 111
94
94 34
98
DesMoin Div lstg 4s. .1939 J-J
loe^iog^
St Chas Bridge 1st g 6s. 1908 A-O 107V
87
87
91 >4 91 ss Warren See Del Lac & West
Wash Cent See Nor Pac
Wash O &
See Southern
WestN
Pa lstg 5s. .1937 J-J 120 121
99 100
Gen gold 3-4s
1943 A-O
Income 5s
dl943 Nov
West No Car See South Ry
West Shore See N Y Cent
VaCentJfc P lstg 6s. .1911 J-J
95»8l01i4 Wheel'g& L E lstg 5s... 1926 A-O 112
95 V
Wheel Div 1st gold 68..1928IJ-J 112 114
83
Exten& Imp gold 5s. ..1930! F-A 110
89
89
1st consol 4s
90% 91
1949 M-S
se in
100 103>4 Wilkes & East See Brie
Wil & Sioux F See St P M & M
83 14 89 V Winona & St P See C & N
Wis Cent 50-yr 1st tren 4s. 1949 J-J
88V Sale
'
102»al02 34 102% 102 \ 199
997e J'ne'00
87 >a 87»4 87 34
87 34 10
89
92
I.I
:
„....
Y&
104
291
101
U o.
.
W
Sale
Sale
...
]i>7V
•-
W
104 34Feb'98
*110
111
HO'alll^
126^ Jan '00
123 Dec '99
94 34 Feb '01
.
109V
87
82
104
<fe
Black R See N Y Cent
Val Ind &
See Mo P
Yer
irginia Mid See South Ry
1939
Wabash 1st gold 5s
1939
2d gold 5s
Debenture series A
1939
Series B
1939
Det & Ch Ext 1st g 5s. .1941
Utica
IOSVj.
.
lor,
-al,
1-2 1
Mai
J-J
1935 J-D
Tol PJfc Wist gold 4s.. ..1917
TolStL<feWprlieng3i-2S.192.",
1950
HS^llO^
50-year gold 4s
116i s 116 8 Tor Ham & Buff 1st g 4s./il94<i
1201-2
g5s
1928
116
Ulster&Dellstcon
102^10718
n Pac RR <fe 1 gr g 4s.. 1947
Registered
1947
106 106
1911
1st Hen convert 4s
106 110
Ore Ry & Nav 1st s f g 6s 1909
Ore Ry & Nav con g 48.1946
Ore Short Line lstg 6s.. 1922
194(
1st consol g 5s
Non-cuminc A 5s
132 140
A1946
Utah & Nor 1st 7s
1908
1926
121 122
Gold 5s
Uni N J RR & C Co See Pa RR
Utah Central See Rio Gr Wes
137 34 Feb'99
114^ Oct '01
116isApr'01
118 34Oct'01
1
io7
...
W
K&T
See
of St L 1st g 4^8. .1939 A-O
1894-1944 F-A
1st con gold 5s
Bge Tergu g 5s. 1930 A-O
St L
Tex &
O See So Pac Co
Tex & Pac E Div lstg 6s.. 1905
2000 J-D
1st gold 5s
ebo
T' er A
98>2 211
.
1
1
13
:
lai HI
-
136^ Sunb<fe Lew See Penn BB
112Jall9
Syra Bing & N Y .See D L &
General gold 5s
J-D 101
J-D
94
J-D
89
F-A
F-A
J-D
J-D
1
1
(
96»2 0ct
97>2
'i
J -J
1948 .I-J
Ail a- Danvl8tg4s
Atl A- Yail lstg guar Is. 1919 A <>
1916 j-.i
Col a Greeny 1st t>.J
E T Va a Ga Div g 5s. .1930
1956 M-N
Con 1st gold 5s
1938 M-S
E Ten reor lien g 5s
126
W J-J
W
Sabine Div Iatg6a....l912
1943
Con gold 5a
1994
Southern Lai con g 5a
Meek l.-l g 1-. .1948 M-N
SO !ar A; Ga St g 58. ... 91 9 M-N
Virginia Mid serD 1-68.1921 Ms
89^ 98
111
111 34
111
11
1
lo7
105
.1
WO& W
SeeMK&T
Sp Oca & G See Sav F &
Sod Bay & So 1st g 5a
1924
Car
& Ga See Southern
So
Southern Pacific Co—
2-5 year coll tr g4Vs
1905
Gold 4s (Cent Pac coll). fcl949
Registered
£1949
A & N 1st gu g5e....l941
Cent Pac 1st ref gu g 4s 1949
Registered
1949
Mort guar gold 3 Vs. kl 929
Registered
£1929
.
Series
111 Atig'01
114 1 eJ'iii"»H
114 18 Muy()l
128 14Sep'0l
116
116
102^2 Oct '00
124
.1
Kich<fe
W
91
1
—
—
Ala
M
Sil
j
.1
M
SherShr&So
j
.1
MS
Tus & H 8a* Pare Maro,
Sag
alt LakeC lstgsl 6s. .1913
St Jo& Gr (si 1st g 3-48.. 194"
N
^11 e 6b.
-
I
••
19
luaranti ad gold .'•in, a Cal 1-1 guar g 5s r
^ \ a \ Paaa lai gu g 1- 19 13 J
50 PofArgu I8tg68cl909 10 j -J
L906 A <•
a Pol Cal 1-1 g 6a
1905 a O
-1
6a -' 11 - B
L906 \ O
Istgi
1912 A
1-1 g 6« series K a
A-o
1912
Us
L8l gold
1937 Al N
81 oon guar g 6«
51
11
1
»BK4P
Runic Wat A Og See N Y Cent
N
..I'.iii,
tered
Pitta
N
1920
1912 a
.1
lai - I-
j-'ii
Mem DU
1
111 Hi
A u
1
1
1
11
1940 J-J
Guaranteed
x
1-1
1.1I
,,i
Tlat
1
A M.
I
r.'i-
.-
1905 1937 U N
Stamped
s Pac of N Mex 1-1 g6a..l911 J
193'
j
is
lat
gu
g
8 P Coaal
1905 F-A
a N i) 1st 7s
lOl'i
llll'i
1997 J-J
D <8
South By
Se<
\
iii" "i'u"
10'-2
1
.1
'.
6\
120
1
See
A: Dan
KkiiA Keek see Southern
10034 101 \
1989 J-J 100VRioGr West 1st g 4s
96 Aug'01
949 A-O
Consol ami col trust 490 Oct '01
92
97
Utah Cent 1st gug4a.al917 All
Feb'Ol
106
Bio Gr June 1st gu g 08. ..1939 J D 112 115
83^4
Sale
1940
83%
J-J
BiogrSo 1st gold Is
Kick
&
133 V
.
107 V Oct '98
to 110%
BeglBtered
Bensselat r a Sar
a a
1-1 gold 1.-.-
May'OO
5
J P M A Co culls
Pin- v a Ash i-i con 68.1927 M-N
199" J-J
Reading Co gen g 4s
I
'.
lll'l
1
PA
Boch
112V
L12
1
o
\
101
s.'
Morgan'!
Pitts Mi K. - A \
K i-i gold 5s ...1916 J.J
Pitts
Pitta si, a i. K 1st b ."- .. L940
1943 J J
1st eonsol gold 5s.
1917 J-J
Piti.-A Weal 1st g is
I
M
M
.
i
1922
5s ..al928
g
Jan
117
8n Penn Co
Juno 1st gold 0s
I
I
6a mi guar... 1912 a-o
(,.n golil 48 int (ruar 1921 A
\S a. uA N NN'.lM 1-1 K i-'Il'lM-N
Mar'00
.
i
Pitts
IBH
intgu..l«
N
12*4
112
.
116V.
1:
•
1
Hiah,
1
ks
la.1931 F-A
..1932 J D
8(
Penn Co
l-i b 8s.. 1922
Fi \v
i.
>
1.
1920
'
-
ruts
Pitted
M
M
-ju
.1
1
No
Be
A
January
l
fC'ontin
1st H l.n
1
A
1921
•
•
J!
2d gold 7M. \ a Pac l-t g Bi ...1931 M S
M
N
6a
1924
1.
\
a
latgug
\
Gila
\
SI
Ending Nov
k
1
Snuthern Pae
Gal Hal A S
Ma>
108
a
-
BagTuad H
\\i
1/
tlnjh
\
I
»
in, in .\u
].,lntjt
BTOCK EXOHANO]
^
107
l-i
Penaaoola a aii v. i.
.[
i' C
see
PeOaS P< k I'n 1st g 68
2d gold ra P M
P< i, m.,i,|
1st consol gold 5
PI lluruii 1m\ l-i g
BONDH
\ngt
1
947
4
193
M
i
.
a Cau gen
Ask Luw
Bid
109 V
I
B&Iexlstgu
N
..
Sangi or
Friday
Januat
18.1933 M-N
1908 J.J
-
1
-
1
consul sterling
Con carreocj 6s reg...jil90
191
Consul gold 5s
/<i"
Registered
4s
1943
gold
Consol
l:U'J
Alle;; Val gen gu ^ I-
sun a Lewis
.•
11
—
BTOCK
N. Y.
— Page
Bond Record— Concluded
1901.J
117V
120
HOVOct
'01
12 117 120 3 ,
107 V 114
111
96%
98
59 217 40
'01
110
111 Oct
95
98 Sep '01
110
HOVSep'Ol
98
57%
120
100
40
119
95
31
120V
Sep
'01
Mar'Ol
112
91
122
100
40
113VH3V
113V Mar'01
112
113
102 V
70
111
98 V
112
112 117V
111 V 116%
112
112
94
Oct '01
May'01
91
W
85 V
B7*4
92-.
WISCELLANEOL'S BONUS—Concluded.
ManutneturiiiK
& Industrial
Miscellaneous
Am Hide & L 1st sf g 6s. .191
Am Spirits Mfg 1st g6s.. 1915
Am Thread 1st col tr 4s. ..1919
92 V 93V 92
92
75
80
75 Oct '01
90
105 Jan '00
64 V Sale
63 V
64 V 715
S Car Co 1st g 6s.. .1942
Consol Tobacco 50-yrg 4s. 1S51
Distilling of America collateral
Bar
<ft
trust gold 5s
;. .1911
Gramercy Sug 1st gold 6a. 1923
HI Steel Co deb 5s
1910
Non-conv deben 5s
1913
Int Paper Co 1st con g 6s. 1918
Knickerbocker Ice (Chicago)
1st gold 5s
1928
Nat Starch MfgCo lstg 6s 1920
84
90
83
84
99% Apr '01
99 Jan '99
100 V J'ne'01
10SV 109
37
90
75
98
85
62 V 67 V
82
90
86
100
Adams Excoltr g4s
1948 M-S
Am Dk&
Inip5s See Cent N J
Bkln Ferry Co lstcon g 5s 1948 F-A
Bkln
lst5s trctfs
Chic Jc<fe St Yard colg5s.l915 J-J
W& WH
&M ldgr3VsSA.l9ll vo
Hack Wat Reor 1st g 5s. .192.
Heud B Co 1st 8fg6s. ...1931 MS
Holmken L<fe I gold 5b. ..1910
DetM
104 V Sale 104V
104V
86 V
83V
82
83
75
111
34
Sale
103
11
83
68
111
Mar'Ol
34 19o 29
30V
113
109
91V
111
35 V
Nov'99
100 V
100 100V Mad Sq Garden lstg 5s. .1919 M-N
Man Bch H <fe L gen g 4s. 1 9
109 Sale
57 105 111
30
Xewp Ne Ship & D D5s<<199n J-J
90 Oet '99
N Y &OntLandlBtg6s..l910 F-A
98
93 Aug'00
St
'01
TerCupplesStat'nAL
Prop
107 111 110 Oct
107 110
Nat Starch Co s f deb 5s. .1925
90
lstg4Vs 5-20 year. .1917 J-D
91
91 Oct *01
101 FiO'97
Stan Rope & T 1st g 6s.. .1946
52
55
55 Oct '01
46V 72V S Yuba Wat Co con g 6s. .1923 3 J
ii3VJ'iy'00
sp Val Wat Works 1st 68.1906 MS
Income gold 5s
1946
6
5 V 13
6V
6V 5%
US LeathCosfdebg68..1913 M-N 112
113 115V Vermont Mar 1st s 1 58. ..19101 .
115
115V
• No price Friday; latest bid and asked. aDueJan SDueFeb dDueApr gDue J'no TiDue J'ly k Due Aug n Due Sep p Due Nov q Due Deo lOpUoneale
'
'
.
i
THE CHKOMCLK.
948
-crm
).:ii
Volume
Stock Exchanges
of Business at
[Vol. LXX1JI.
in. «
l:.d
Indianapolis Gas stock 60
1st 6l 1920
M-N
'JiiK
.Slacks
ending
v
Railroad
jVov 1
1901
Saturday
/ih
$1,313,000
2,104,500
2.873,057 .1270,100.150
Monday
1,670
626
650,7s
1
Thursday
457,214
Friday
Bonds
Honds
600
2,723,000
7,000
2,000
0,300
$13,002,500
$17,600
$15,300
1
2,8i
2,177,1100
January 1
to
Kov 1
Mock
A'esi; 1'orte
Exchange
66
7o
102
20
102
80
103
>.
BONDS
Government bonds
$16,300
17,600
13.002,600
$41,000
29,600
8,572,000
$1,599,970
2,345,800
833,761,400
$5,734,210
1,835,200
387,834,800
$13,035,400
$9,643,100
$837,097,170
$395,404,210
bonds
Kli. and mis. bonds
(State
Total bonds
I
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
lfov 1
Listed
shares
lyoi
Unlisted
Bond
Listed
sliares
sales
shares
Monday
Tuesday
Wednesday .
26,663
18,008
11,442
8,048
6,878
Gas—
NOW
Gi
I
(j.t End Con Nat
1st Os 1920
C
A
$540,100
Outside Securities
Street Railways
NEW YORK
Market See 7th Page Preceding.
o/ Outside
Ask
35
37
102 104 k:
B'way& 7th Ave stk.100 246 250
1st wort 5s 1904.. -J -D 101 4 102
110
J-J 108
2d wort 5s 1914
Con 5s 1943 See Stock Exeh list
1924
{114
116
B'waySurf lst5sgu
2d 5s int as rental 1905 {104 105
Cent'l Crosstowu stk.100 255
M-N {120 126
IstM Os 1922
CenPkN&EKivstklOO 208 219
J-D 104 100
Consol 7s 1902
Chnst'r&lOth St stklOO 175 185
Colit 9th Ave 5s <S'e« Stock Exch list
Dry D E 15 & Bat stk 100 120 125
118
1st gold 5s 1932. ..J-D 115
F-A 103k: 04 k
Scrip 6s 1914
Eighth Avenue stock 1 00 400 410
F-A 105 109
Scrip Cs 1914
42d&GrStFerrystklOO 395 405
& St N Ave 100 05 70
42d St
114
1st wort 6s 1910... M-S 112
99 101
2d income Os 1915. .J -J
Lex Av & Pav F 5s See SI k Exc list
Ninth Avenue stock. 100 190 205
Second Avenue stocklOO 214 218
wort 4s 1950. ...J -J
!
M
1st wort 6s 1909.. M-N
F-A
Consol 5s 1948
Sixth Avenue stock.. 100
Sou Boulev 6s 1945. .J-J
So For 1st 5s 1919. ..A-U
Third Avenuo See Stock
P «fc 5s 1928
Tarry
W
M
{106k: 107 3
.j
{119
175
{111
{108
Exch
103
YkersStRR5sl946A-0 103
28th & 29th Sts 1st 5s '90 108
Twenty-Third St stk.100 408
J-J 103
Deb 6s 1900
Union Ky 1st 5s 1942 F-A 112
Westchest 1st 5s 1943 J-J 105
120
106
105
HI
416
100
114
108
108
116
W
Bklvn Hap 'Iran 6'ceStk Exch list
Coney Island & BklynlOO 320 330
BrkC&N
6s 1939.J-J
102
101
103
113k 114k
Is
i
4s 1949
See Stock
Nassau Elec prel
58 1944
1st 4s 1951
100
A-O
J-J
1
28
NewWb'g«fcFll8tex4
feteuiway let Os 1922.J-J
Cent Union Gas 1st 5s.
Con Gas (NY) stock Nt
Equit Gas con 5s 1932 See
Mutual Gas
100
New Amsterdam Gas
Columbus
list
20
81
23
Ilk
12
82k
103
{118k: 120k;
{113k: 115
Exch
29
104
list
31
200
22
80
{120
{103
34
86
110
26*'
81k:
130
106
9934
{109
Stock
Stk E
305
1st consol 5s 1948. .J-J
1st 5s 1944
Consol 5s 1945
Nor Un 1st 5s 1927.
Standard Gas cow
Preferred
1st 5s 1930
OTHER
110
Exc
x list
315
107 h. 108
{113
1 -J
108
108
loo 130
100 150
J-J
MX
M-N Hie
list
114
110
110
135
155
117
CITIES
Light & Tract. 100
Preferred
100
Baltimore Consohdat Set
Bay Slate Gas
50
Amer
20
90
Bait
(J
21
92
list
1
Gas—
Biniiliaiuton
Cousum Gas
200
Phila
i
NYElecLtHeaUfcPower
Gold 5s See N Y Stock Exch
N Y & East River Gas—
i
93
96
Bos to u list
5
70k:
Exch
102^
84
6
72
list
102-Tj
87 k;
101
{look 107k
12
79
14
81
City)
1st Os 1904
118
107
35
91
Gas Securities
NEW YORK
1938
A-O
Boston United Gas bonds
100 109
Butfalo City Gas stocklOO
1st 5s bonds
Exch list
83
Chicago Gas SeeN Y stk
85
Cincinnati Gas& EleclOO
113 114
97k 98 k Col Gas L & Heat Com 1 oo
100 108
Prelerred
loo
1st 5s 1932
J-J
{119k: 121
Consol Gas (N J) stk.100
1st 6s 1930
J-J
OTHER CITIES
Buflalo Street Ry—
1st consol 5s 1931..F-A {116 34
Deb Os 1917
A.O {105
Chicago City Kit stk.100 195
15
Chic U nion Trac cow.100
Preferred
100
53
Clew land City Ky.... 100 110
CleveCitylel5sl909.JJ 103k:
Cleveland Elecir Ky.100
80
Con 5s 1913
M-S 105k>
Ask
31
88
108 109»4
100 102
UnitKys (St LTrans) 100 28 34 29 hi
82ia 83>a
Preferred
100
Gen 4s 1934
J-J { 69
89k)
Unit Tr & Elec (Prov)lOO 109
no
100
97 k 100
West Chicago St
M-N {....
Cong 5s 1930
GrstifcNewlst5s'O0F-A 104
Gr'i't ifcLorimer St 1st Os
ItiniiS Co. Elevated
Bid
100
100
Prelerred
Indianapolis St Ky See
J C Hob & Paterson..lOO
4sgNovl 1949. ..M-N
Lake St (Chic) El stk. 100
J-J
Deb 5s 1928
Louisv St Ky 5s 1930 J&J
Lynntfe Bos 1st 5s '24. J-D
MinneapStByos See Stk
New Orleans City Ky 100
Prelerred
100
North Chic Str stock.100
J-J
1st 5s 1900-16
North Jersey St stockl 00
M-N
4s 1948
Pat Ky con 6s 1931. .J-D
2d OS 1914
A-O
Rochester Ky (new). 100
Preferred
100
Con 5s 1930
A-O
2d 5s 1933
J-D
So Side El (Chic) stk.100
Syracuse Rap Tr 5s 1940
list
Inipt 5s See Stock Exc h list
B 13 <fc E 5s 1933. .A-O 101 103
Brooklyn City stock... 10 z241 242
Con 5s Set Stock Exch list
Bkln Crosstn 5s 1908. J -J 105 107
BknHgtslst5sl941 A-O 105
BkluyCoifc Sub see Stk Exch list
J-J
1903
osertfsindbt 1903. .J -J
Street Railways
Grand Kapids Ky
115
110
BBOOKLYN
Atlan Ave 5s 1909..A-O U07
A-o 113
Con 6s g 1931
1st 5s
;
i
52
47'v
48
1
G7'_
I
o loo
)>rel
100
o.iiA;! jo
loo
loo
It
L09H ColA Hock
1st
l
&
So Amer... 100
Ones & Poto Teleph.. 100
5s 1909-29
J-J
Commercial Cable
1 00
Cowmer Un Tel (N Y).25
Emp & Bay Stale Tel 100
Erie Teleg & Telep See B
loo
franklin
Gold & stock
100
4k:s, 1906
Hudson River Teleph 100
International Ocean. 100
.Mexican Telephone See
M-N
Atlantic
2
Providence Telephoni
Southern <fe •Atlantic.
I'el Tel& Cable ot Am. 15
'-'.">
80
96"
38
113
106
X. 72
M-N
{103 104
6U
"
N Y Stk Exch lis;
Hudson Gas 100 31
33
Detroit City Gas
Detroit Gas See
Esses it
*54* Fort Wayne Und)
1st Os iu26
J-J
115
48
51
100k: Grand Kapids Gas—
1st 6s 1915
F-A §104k 105 k:
87
Hartford iCt) Gas L...26
107
48
60
Hudson Co Gas
100
48
28
30
g
5s
1949
lo3
101 102
Indiana Nat <& 111 Gas
1st Os 1908
M-N 56
113
00
(O) St Ry..lOO
45
Prelerred
99
loo
Colum Ky con 5s Set Ph da list
Crosst'wn 1st 5s '33.J-D { 1 lo
i Buyer pays accrued interest.
1
1
Price per share
1
80
17
07
1
Ik
Exch
250
Oo
106
Cramps' sh AEn BldglOO
Exch
Diamond Mat*
84
Dominion Securitii
86
22
ii
96
list
40
115
109
75 k
105'\
175
115
78
l-'k
a. 100
m
50
'
I'
A-
F)
1
Electric Boal
18
loo
Preferred
loo
ic Vehicle
loo
Preferred
Empire State Sugar.. 100
1st 6s 1915
J-J
ion
Empire steel
40
20
50
1k:
3k
2
4kl
93<9
3
B
35
30
100
General Carriage
100
l«l
oo
1
67
"si" Genera] Chemical
100
os ton list
Preferred
100
•17
65
Gornam Mfg Co cow. loo 110
120 123
loo 120
Preferred
Havana Commercial. H»o 12ki 13 U
112 115
i5
Preferred
100
'Hkr-Jones-Jew'lMUl.pfd
66
M-s
Bos to n list
1st Os 1922
86
liosto n list Herring-H ail-Marvin 100
100
122
80
46
L28
1st preferred
108 171
4
2d preferred
100
113
Hoboken Land <& InipK'o 110
78
M-N 106
5s 1910
83
International Elevat.100 110
97ki
108"
100
Interna! Pow Co prel 100
33
6
International Salt »
8
184
it. ferred
'.
I
Excli
Internat'l Silver i'eeSlk
Companies
J-D
08 1948
Allegheny Co Lig'tColOO 165 170
Iron Steamboat
26
Chicago Edison Co. ..100 109 171
John B Stetson com. .100
Edison El 111 Co Brk
Y stock Exch
Preferred
100
N
Electro-Pneum'icTranlO
General Electric Co N Y
io.;
J-J
loo
i'i. t<
d
Consol Bnbbcr Tire.. 100
ceo is. See stk
Coi tun Cabinet Loi
22
&
Electric
Mlg
lirouali
20
HO
410
102
101
Air Co.. .100
.ii- Heating loo
18
25
70
20
16
no
2d preferred
orrunon
917
J-I>
Ask
I:,, I
100
20
.
See B
Bell Teleph of Builalo loo
el
in V ol Kl coin. 1<I0
i
97
100
2
8
130 140
130 ~ 140
12 t 18>s
1*4
Ik Lanston Monotype
20
Stock Exch Lawyers Mort insur.100 225
J30
95
Do
Lawyers' Surety
100
Hartford (Ct) Elec Lt 100 197
La wyers' Title Ins.. .100 330
92
120
Narragan (Prov) El Co 50
Lorillard (P) pref
loo 115
10
New York & Queens Elec
Madison Sq Garden. .ion
05
Light & Power Co.. loo
29k:
2d 6s 1919
M-N 55
loo
09 k 71
Preferred
Mex Nat Construe. pf 100
7h 7»4
13\, 13%
Rho Isl Elec Protec ColOO 119
Monongahela R Goal.. 60
9
45
45 kt
Storey General Elec. .10
Preferred
12
50
100
16
United Electric of NJ100
18
Mosler Safe Co
100
69
20 k: 21
100
4s 1929
69k: National Carbon
84
85
Unit ElecLt"<fc"poCo"..5(J See Ba ltlist
Preferred
100
26
27 kl
Nat Enam'gifc Stamp ion
Ferry Companies
S2
85
Preferred
100
17
100
4
19
NatT Gramophone
Brooklyn Ferry stocklOO
NY&BlstOs 19.tl.J-J 113 115 National Salt See N Y stk Exch list
Exch
140
100
list
Surety
100
Stock
National
Con 5s 1948 See
33
28
Metropolitan Ferry 5s... 108
110
New Central Coal
20
SO
Loan* Imp
100
N Y <fe E R Ferry stk.100 00 70
115
Biscuit 6s 1911. M-S 114
86
M-N { 94
1st 5s 1922
81
N Y El V Tr (#20 pd)100
7ks
Y & Hoboken stk.100 80
100 130 150
Hob Fy 1st 5s 1946 M-N {112k: 114 N Y' Realtv Corp
J-D { 91
Nicholson File Co
100 128
92
Con 6s 1946
loo
Ontario Silver
New York <fe New Jersey
10k Ilk:
30
31
J-J 105 k: 107
100
Otis Elevator coin
1st 5s 1946
75
91
Prelerred
94
loth & 23d Sts Ferry 100
80
100
108
Pitisburg Brewing
1st mort 5s 1919. ..J-D {105
60 t 25% 2o 3i
1
39
44\j
Preferred
45
40
Union Ferry stock.. .100
50
M-N i 97
100
1st 5s 1920
27k 28
97ki Pittsburg Coal
92
92>4
Preferred
100
Raib-oad
170
Pitts Plate Glass
100
8=>4
list
6
Compress
oston
Planters'
See B
Chic Peo & St L pref.100
Plvmouth Copper Co.. 10 t 5
106
Prior lien g4k:s'30M&S {103
5kt
90
92
92
Pratt & Whitn pref.. 100
88
Con mtg g 5s 1930.J&J
16
345
Procter & Gamble
Incowe 5s 1930...
20
100
Preferred
100 202 205
Denver & South'n See S tk Ex list
14
Detroit Southern ....100
14k: Royal BakPowd pref.100 101k: 102 ki
39
Rubber Goods Mfg See St ockEx list.
Preferred
100
40
83
02
J-D
85
Russell <& Erwin
26 t
1st 4s 1951
Safety
Rio
Car Heat <fc Lt 100 138 143
Worth
&
Gran.100
Ft
75 4
Siwwon8 Hardw com 100 101k: 165
KCFt Sc&Mewpf
Preferred
100 139 142
Refgg4sl936 ....
i 85
85k:
Mex National (w i) ..100 13 4 13 8 2d preferred..... ...100 140 147
Preferred (w i)
100
30k 37% Singer Mfg Co
100 230 245
40
41
Snap Hook & Eye...
Prior lien 4 ks 1920(w i) 100 102
3
6
1st con 4s 1951 (wi)
75k: 70 4 Standard Milling Co.100
4k2
33
Preferred
18
20
Pitts Bess & L E
50 t
36
100
07
70
Preferred.
5s
60 t 70
Seaboard Air Line See 2 alt list
Standard oil of n" J ! . 1 00 707 709
220
Stand Undergd Cable 100
Sloss-Sheflield See Stock Exch list
Industrial and Miscel
Standard Coupler cowlOO
28
32
Preferred
Aberdeen Copper
25 t 20
25
100 117 125
Stillw-Bier & Sw V pt 100
70
Acker Mer & Condit...6s 100
Swift & Co
Awalg Copper See Stock Exch list
100 105 110
1st 5s 1910-1914....J-J $101
102
Agrio Chew See B oston list
Tennessee Copper
Amer Bank Note Co...5o t 54
56
25 t 12 k 13kl
75
Bicycle See
YStk Exch list
Texas <fc Pacific Coal. 100
American Can com... 100
18Hi 18 k
1st Os 1908
A-o {106 110
Preferred
540
100
04k: 05 k Title Guar & Trust.. .100 520
80
American Chicle Co. .100
Trenton Pottery cow 100
5
86
6ki
81
Preferred
Preferred
08
72
100
100
33
Amer Graphophone...lO t 4ki 5 Trow Directory new. .100 70
8
Preferred
10 t
4
10 t
4ki
8h Union Copper
Amer Hide & Leather 100
Union Steel & Chain. 100
27
35
5ki
7
28
Preferred
40
Preferred
100
oO
100
30
6s See Stock Exch list
Union Switch* Signal 50 t 09 k 70
Amer Locomotive See Stk Exch list
Preferred
50 ...
90
Amer Press Assoc'n.100 80
Union Typewr cow. .100
63
06
95
American Screw
100
1st preferred.. ...... 100 119
123
loo 115 118
Amer Shipbuilding.. .loo 33
2d preferred
36
Preferred
95
100
U S Cast Don Pipe. ..100
97
6k»
Soda Foun cow.. 100
3
Preferred
100
6
30ki 31
65
1st preferred
1 00
Cotton
100
S
Duck
24
26
60
U
9
2d preferred
100
Preferred
100
80
90
12
American surety
50 175
60
190
U S Envelope cow... loo
24
Amer Strawboanl
Preferred
100
100
87
93
Bonds Os
F-A 100
Glass
common.
S
..100
36
38
U
Typefo'rs slock. .100
53
Preferred
100 140 145
50
Exeh list
Amer Woolen see E
35
U S KeuuctifeRefininglOO 34
AuierYVritiuK Paper. 100
2
59
62
Preferred
3
100
Preferred
8
loo
1st mort Os
85
11
90kt
08
J-J
5s 1919
70
U S Steel Corporation See Stock Exch
loo
00
Anthracite Coal
70
Universal Tobacco. ..100
10
18
Barney & Sm Car
100
35
50
Preferred
100
12k: 20
Prelerred
100 120 123
8
7
Va Coal iron & Coke. 100
Bliss Cowpany cow.. ..50 140
47
150
5s 1949
M-S 44
Preferred
50 135
Westingh Air Brake. .50 H73 174
17i4 17»4
Bond<fc Mort Guar. ..loo 370 390
White Knob Mining.100
Brit'h Columbia Copper 5
13k 14 k ^Yo^thing Pump pref. 100 117 122
I
I
list
<
jm
CITY
BleeckSt&FulFstklOO
1st
{
inioo
Telephone
Amer DistTeleg(NY) 100
&
I
Preferred
ch
43
Providence Gas
60
96\
St Joseph Gas 6s L987.J J
93
K4
StPaulGas Gen 6a'44M-8
Syracuse Gas stock..! on
18
1st 5s 1940
94
3
Western Gas— 6s See St'k Exch
Central
Ml
i
.
.'..
\m
100
I
i
pref See Boston
For Weekly Review
D
ife
$46,200
87,000
85,100
116,700
93,500
113,600
16,659
182,951
286,760
75,560
95,728
Total
i.
-
0s'25.J
581920
sales
1,554
8,454
8,823
2,301
2,992
2,076
,
N
6s'24.M-N
l-i
I -O
i.o-J
Cons.,1 Gas. J 00
68 19 IS ,Sir stock
Pacific
18,700
33,0)8
26,608
57,041
23,427
22,757
$22,400
81,680
68,000
119,800
64.700
40,180
0,521
7,872
25,359
24,502
10,854
9,601
11,540
Saturday
Bond
Unlisted
shares
see
si
New Eng Telephone See
Northwestern Teleg. ..50
N Y N J Telephone 100
Philadelphia
Boston
Week ending
A-'>
Madison! w in
1st 6a 1926
Telefrr
92,892,058
232,335.425
1,782,272
2.873,057
Stoc k s— N shares
$270,106,150 $174,345,350 $22,66O,3OB,O7.V$8,975,530,302
Par value
$103,775
$129,476
Bonk shares, par.
(
Gas
loo
*'
i
68
A-'i J100
i
1900
1901
1900
1901
:ity
WabV
Newark
Newark
$. ••*..*•
4,000
Week ending Ifov 1
Sales at
V S
10,000
1,8
I
Lafay'eGaal
Btatt
<£c
$32,902,150
66,071,000
60,614,800
60,205,600
82,520.000
44,792,000
Tuesday
Kansas
6s 1922
Laclede Gas
Jionds
Par value
arcs
330.751
....
5s g 1037
STOCK EXCHANGE
ViiltK
WEEKLY AND YEARLY
DAILY,
ii <-
AKW
Industrial
Ask
loo'-..
.lurk.
TRANSACTIONS AT
n
|
i
NY
NY
N
Am
Aw
N
I
Am
Am
November
THE CHRONICLE.
1901.]
2,
'Mil
Boston, Philadelphia and Baltimore Stock Exchanges— A Daily and Yearly Record.
Halts
Skare Price* Not Per Centum Prices.
Range
STOCKS.
Bates
ACTIVE
Monday,
Tuesday,
Oct. 28.
Oct. 29.
Maturday,
Oct.
2C.
Wednesday T/iursday,
Oct. 31.
Oct. 30
Friday,
in 1901
of
of tkt
WcK
Indloates unlisted.
tl
Charts
1.
H\uh*st
Railroad Mtoeks.
•3S8* 857
•167
•844
108
'.64
183*
•181
is'i'
87*
67
68
•144
34
86
58
146
84
806* 20i>v
72* 78*
731* 78*
b
91* 31*
83* BUM 86* 88*
86* 88*
81*
8a*
358
957
16H
166
168
188
•154
L98*
•181
'154
188
189
182" 131
193*
103
164
182
54
64
58
•3i* 99
100
100
807 807
73 73 7-lf
d
04
78*
e
*
117* no* 117« lib*
110* 180
116*116* ne 116* ne 11«*
118*
"8%
15b
660
158
665
678
158
680
95% »e*
17* 18
"at* "ss*
68* 6S*
•45* 46*
86
88
78
78
teo
166* 169
860
86* 86
651
is*
17
18
62
83
653
35* 85*
'«*
8«*
68* 68*
46
*«*
24* 34*
68* 68*
46
47*
80
73
90
4*
4*
<*
36
•3
* 92*
10U
907
9 7
69
24
78*
4*
•or* 08
1S8* 188*
86* 86* 87
5
5*
6*
85
96*
86
113
113*
118
43
48* 48
87* 37* 88
12* •18* 18
•90* 93
184
•188
86*
6*
86
118
•48
87*
IS*
72* 72*
76
•
71
71
•
78
78
Bid and asked prloe*
INACTIVE STOCKS
BA1LROAD8.— Prices
Amer. Ballwaj s(Phil) 50
•00*
•138
71
Bid.
•4HH 50
Preferred
<00* 101* Union Paoino
•88* 89
Preferred
13
72
71
Ask.
,
98
.
15*
,
.
33
Amer. Agrloal. Chemical
33
OantonCo
Central
OU
rect "
(Bait) 100
ConMercurgold
Dumb
Tel
A
Tel
6
6*
380
102*
80
148
•
s s s s
00
86
viiii
21
41
140
Dsly-West Mln '•
20
DanvBeo8emer(Pbli) *
DeLong H & £ " 10
Dlam Slate St.. " 10
6*
6*
86*
44
47
00
8*
2*
136*
32
33
"
>-r»i
.
2*
»*
6*
Coal pf. (Bost)100 115
"
Iron <fe 8.1J
39* 30
Kaston Con El. (Phil) 50
10*
Edison El 111 ..(Boat) 100
945
KleoCoof A111U (Phil) 60
!§* "17*
Franklin Miu'g.(Bost) 26
" 100 257
General Elect..
359
" 100
Pref.
Dom
Ina-Egyp Com
H <fc 8
"
"
100
10
IntSP«&Dynani(Phil) 50
Isly Boyaleli . (Bost) 25
Manufac Bob.. (Phil) 60
"
Pref.
60
Iat Bni
.
M
10
9*
4*
4*
D
6*
A 8. (Phil) 10
Coal "
50
Winona Mining Boit) 35
"
Wolverine Mln.
95
58
Am
89*
Warwick
Westm
I
rel
Bonds— Boston.
Beil Tel 4i.. 1908 JAJ
ATA8Fgeng4s.'05AAO
8*
J
}103
93*
.
100
103
93*
me
Non-exempt 0i.'18 JAJ {107
Sink fund 4i.. 1910 JAJ (100
Cent Vt 1st 4i 1930. .Q-F
Ch Bur A Q 41.1922 FaA VoT
85
Chloago J ano 5s. 1 9 1 5 J AJ {110* 112
ChANoM ga 5s. '31 MAN {'08* Ml
Chi A
M gen 5s.'21 J AD {10b*
lbs"
Carr't Riv lit 5i.'27 AAO
•
D G R A W lit 4i.'46 AAO fibo"
'i&ifn lit
M 6i g.'06 MAB {in
ill"
103
KCFtSAGlst7s.'08JAD iYs" 114
KCF SAMoon 0i.'28MAN {181* 183*
100
KCMABlit4i..'34 MAB
5i
K CA M RyAB 5i.'29 AAO {107
4* KC8tJoACB7i.'07 JAJ «H5*
1
1* LBockAFSlit7i.'05JAJ {1U6
Mar H A Ont 6i...'25 AAO 1118
93* 24
Mex Cent 4s g. .1011 JAJ « 81
1st oon lno Ss g non-oum
2d con lno 3s non-cam..
6s
AAO
1007 AAO
S3
{108
lis*
113*
880
1st mort 0i„ ..1005 JAJ (101
Rutland 1st 0s. .'02 MAN « ....
Rat-Can 1st 4s 1940. JAJ I
Seat Elec 1st 5sl9S0FAA 1104
Torrlngton 1st 5s 1 9 1 8.
I
.
West End
4*i
Deb 4s
MAN
1914MA8
1016 MAN
.
St 5s. '02
Bonds— Baltimore.
Anaoostla A Pot
5s
Atl
A Ch
1st 7i.l907
JAJ
AtlG-Llghtlit5il917JAD
Atl Coast L otfs 5s .JAD
Bait Beit 1st 5s. 1 990MAN
.
....
i
Ext A Imp 6s.l901MAS
NoBaltDlv 5s.l942JAD
Con v'rtlble 5s 1 9O0MAN
Central Ry 0s... 1912 JAJ
Consol 5s. ...1932
AAO
i
58
23
40
32
90
97*
HO
ea
117
llllll
•
•
Mill
S *
SSI
••••••
117
118
62*
4*
3*
7
90
127*
24*
88
118
SO*
23*
10*
84
88*
30*
18
91
8
Apr. 19
4
4
44
80
Jan.
8
Feb. 18
Feb. 18
Jan.
9
Apr. 19
Mar. 6
Feb. 13
Jane 20
Jan.
9
Sept 5
Sept •
July 8
Jan. 18
Jan. 1C
17
Mar 90
55
75
8*
16
09
140
38*
8*
Oct.
Sept. 18
Feb.
Jan.
41
128*
40
54
80 Jan.
e8l 1-1018-16
Apr. 19
80*
Aug. 91
Sept. 17
Bid.
Ask
00
96*
Fund 6ebt2-3s. 99 1 JAJ
06* 96*
WeitN Coon 01.1014 JAJ 1*0* 191*
1
WestVaCAPlsteg.'llJAJ
Wll A Weld 5s.. 1935 JAJ
1*!*
Vy B ext 7s 1 91 AAO
Asphalt Co 5s tr otfsl949
192
Atl City 1st 5sg..'19
113
08
MAN
Ter 1st 5s. 1026
JAD
116
50*
51
BergABBrewlst0s'2UAJ
68
ChocAMem st5il 949JAJ
ChooOkAG gen 5s'19JAJ
118
Clt's'8tRy(Ind)oon 5i.'33
Colum 8t Ry lstoon5s.'32
Con Trao of N J 1st 5s..'33
Del A B Bk lst7s.'05 FAA
ill
BastAA
1st
113*
111
1V6*
M 5s.'20 MAN
Bdlion Bleo 5i itk tr erf 1.
BleoA Peop'i Tr it k tr ctt
BlmAWllm lst6s.'10JAJ
118*
97*
07
117
Inoome 5s.. ..2802 AAO
Bq 111 Gas-L Istg5s.l928 107*
Hestonv M A F oon 5s. '24
S S
I
HA B Top oon 5s.'25 A to t ••••
I I
« I •
S
Ry 4s.. 1933 86* seii
Lehigh Nav4*s..'14 Q-J 111*
RR4sg
1914 Q-F
Gen M4*sg.. 1924 Q-F
Leh VC'l lst5sg.'33JAJ 100* 110
Leh Val ext 4s.. 1048 JAD 190
2d 7s
1010 MAS 196* 187*'
Consol 0s
1023 JAD 185*
Annuity 0s
JAD 132
Nat Asphalt 5s. 1051. JAJ
89
•
01
104*
188
114
HI
190
115
00
191
108
ne
108
Penn A Md
Cons 5
Cons 4s
Steel oon 6s.
112*
83* 88*
People's Tr tr certs 4s.'43
Phlla Elec gold truit otfi
Truit oertf « 4i
MMI
107
100
05*
PhAEr gen M 5g.'20 AAO 131*
4ig..lw20
AAO 1J?* 109
Gen M
Ph A Read 2d 5i.'3S AAO
M 7s.. 1911 JAJ) in"
M 0s g... 1911 JAD 131
mp Mis g.'47 AAO
Con M of '82 4s.'37 JAJ
131
Con
Terminal 5i
g.
1941 Q-h
P Wil A Bait 4i. 1 U 7 AAu
Coliat trust 4s. 1 92 1 JAJ
Read Co gen 4s. 1907 JAJ
195*
.....
1
110
80
06* 05*
71* 79
106*
Rochester Ry oon 5s. 1030
SohRBSldelit5i g'35JAD
Soran Trao 1st as '3aM AN
UnTraoPltt*iien5i'07.1AJ
Welibaoh 1 f 5s 1030. JAD
114
193
113
114
ne*
Bxtl
no
114
100
81
Steel
AAO ibo*
AAO 05
litSi.' 17 MAN
1939
1939
Consol
110
.
NYPhllANorlst4s'39JAJ 105
Inoome 4s ... 1 939 MAN 86*
No Penn 1st 4s.. '30 MAN
GenM7
IOOSJAj 106*
Penn gen 6s r... 1910 Tar
Consol 0s c... 1005 Var
Consol 5s r.... 1919 Tar
Penn
110
115
107
195
185
114
107
117
s •
New'kConGas 5s '48 JAD
Newark Pass oon 5s. 1930
PaANYCan7s..'O0 JAD
NewpNAOPlit5i'38MAN 106
2d lerlei 0I..1O11 MAr3d lerlei 0s. .1910 MAS
4th ser 3-4-5S.1921MA8
6th series 5s. 1026 MAB
79*
7*
4* July
24*
Aug.
Ooi. 16
Jan.
9
•
63
So.Bonnd 1st 5s '41. AAO
UnKIL,APlil4*i'30MAM
Un Ry A El lit 4i'4U.MA6
Income 4i 1040..., JAl)
Vlrg Mid lit 01. 1006 MAS
76
50
00
May
Oct.
Jan.
Oct.
Oct.
Oot.
Feb.
Jan.
Oct.
8
Indianapolis
isfd*
SI
PotomVal lsl5s.l041JAJ
8ecAvTn(Pltts)5s'34JAL>
Bar Fla A West 5s '34AAO
Seaboard A L 4s 1950....
Seab A Roan 5s.l920 JAJ
Jan.
80
..
Sept. 18
Feb. 11
I
KnoxrTrao IstSs '28AAO 87*
Lake R El lstgn5s'42MAS 119
Norfolk St 1st 5s '44. JAJ
NorthCent 4*s. 1925 AAO
0s 1904
JAJ
Series A 5s 1920... .JAJ
Mar.
31% June 11
31* May t
05* July 10
3S* Apr. 12
Balls
I
Ga AAlalstpf5sl945AAO
GaCar AN lst5s g. 1 929 J A J 110
Maryland Brewing 6s ....
Met8t( Wash) 1st 5s'25FA
New Orl Gas 1st 5s...Var
May 99
800
16* Mar. 27
16* Oct. 2 8
Cambria Iron 0S.1O17JAJ
ChesADCanlit5i.'10JAi
1039JAD 113* 114*
Geor«laPlst5-6s 1922J AJ
GaSoAFla lst5s.l045JAJ
188
7
163*
103"
CltyABub lst5s.l022JAD 115
CltyA8ub(Wash)lst5s'48
07
98*
ColAGrnvlst5-0.1917JAJ 122* 183*
Consol Gas 6s. .1010 JAD 118* 114
5s
4
*
104*
Bxt A Imp 5s. 1932MA8 117
Chas City Ry 1st 5s '23J AJ 100
2d 7i 1910
180
Jan. 19
Mar. 4
June S
July 19
7
2
Alle
Ba)tCPaslst5s.l011MAN ibo" 116"
Bait Fandg Ss.1016 MAN 118
181
Bxohange 3*s. 1930 JAJ 100 109*
BaltAPlst6iml 1011AAO
1st 6s tunnel 1911. .JAJ
Bal Trao 1st 5s. 1 929M AN
2*
B8
Oct.
Oct.
Jan.
Oct.
151
Jane 18
01
2r!
Bonds— Philadelphia
NTANBnglst7s.*05JAJ {102*
Series B 5s 1020.... JAJ
Pitt Un Trao 5s. 1997 JAJ
ElkAMV lit 61 '33 end
{137
Unit'p'd 1st 6s.'33 AAO {185
Illin Steel oonv 5s.'10 JAJ {100
Debentore5s.l913AAO {100
KCCA 81st5sg.'25 AAO
New Bng
108*
MaoonANlit4*s'0OMAS
Iios
W
5s 1029FAA 1108
1st 5s.. 1087 I 51
{103
Tele Ss.'lO
120* June 18
31% June 18
Baltimore— Conolu'd.
Va (State) 3s new.'32JAJ
I....
N BCotTarn
NBGas AC
8
Jan.
BONDS
Bid. Ask.
87
115
.
AAO
BONDS
Chas Ry G A El 5s '99 MAS
2* CharlCAA ext5s.l9O0JAJ
50
.
Income
. .
18
'Oot.
*July
%Apr.
.
118
Adjnitment g 4I..1995 {
110
Boiton Term'l 3*i. 1047 -114
80
Boi Un Gai 1st 5s '39 JAJ i 78
1939 JAJ i 47* 60
2dM5s
Bur A Mo Klv ez'pt 61.J AJ
Fr
20
80
* l
MAN
Domln Coal lst6s.'13MAS {110
1
Domln
0,HOfi
97,12*
4,843
4:0
0,760
100
8,70 i
2,056
00
Jan.
4
3W* May 1
Jan. 30 46
July
1
Jan. 17 00
Jane 11
18* Jan. 89 90* May 9
88* Jan. it- 100 June 11
805 Jan.
Apr. 99
,
60 May I 81
Apr. 99
13* Jan. « 34 i- 16JunIt
32 3-16Jan.
40 »• 1 Jane 17
10 Jan.
4 90 7- l6May 1
81
0* Jan.
30* June 91
21* Jan. 31 54* Sept. 90
78* Jan. 4 139* May t
82 Jan. 4 00 May 1
24* Jane 10 87 Jan. 9
15 Oct. 10 18* Mar. 99
02* Jan. 8 99 Apr. 98
.
6* NewEngaongen5s'45JAJ
12*
178
4*
Old Col Mining. (Bost) 25
25
08* 00
Osoeola Mining. "
s • SS*
Palmetto Co.... (Phil) 35
37* 37*
ParrottSllACop(Bost) 10
PennEleo Veh.(Phll) 50
"
Pref
60
H
50 no*
Pennsyl Salt... "
Penniyl Steel!. "
....
"
Pref!
100
47*
Phlla Co
"
50
14
15
PlantenCom p! ( Bolt ) 1 00
103
25 ieo
ynlncy Mining.
8* 4
Rhode III Mln..
35
Santa Tiabel G
5
*
49* 40*
100
Seattle Eeotrlc
101*
100 101
Pref...,
1*
Basque IAS! (Phil)
6
Tamaraok Mln. (Boit) 35 380 385
7*
Tidewater St.. (Phil) 10
88
Torrlngton"A"(Boit) 26
28* 90
"
Pref
25
"
8
«*
35
UnCopLAM'g
86
UnElLAPowpf (Bait) 50 84
82
83
United Fruit (Bost) .100
15* 16
25
US Mining.... "
"
4-85
83
88*
Mining..
Utah
IowaDiv ii.1010
(Boit) 95
"
5
"
100
sk,
.
108*
370*
80
97
e
19
175
2
NewEngGsAC ! " ....
New Hav I A 8. (Phil) 5
H
80
42
89,810
28*
,,,
Boston— Concluded.
100
"
-t Telephone
4
6*
1*
"
Bid.
>raan thaler.. (Bost) 100
M18CMLLANBOUS.
Camb BDrexel
8TOOK8-BOND8
Pref„ asst.pd
OS*
Am
16
38
4,504
.
idBrew asstpd! Bait) 100
•«
"
"
!..
•81* 88* Preferred 1
'*
»» American Alkali
Apr. It
July 17
Apr. 29
A pr 31
June 10
Apr.
•
May 19
77*
Union Traction, $17* paid (Phlla.).,, 50
(Bait.) ,,,
16* United By A Kleo. Oo
50
•03
(Boiton)... 50
03* Weit Bud Street.
Miscellaneous Ntocke.
(Boston)... .100 48,088 88*Oot.
85* 80* Amalgamated Copper!
98
.
3K*
* CLarlotte(Balt)
Allouei Mining (Boit) 95
Amer.Cement.(Phil) 10
Geld Dredg(Boit) 10
Amer. 1. AS.. (Phil) 60
AjuPneumServ(Bost) 50
"
50
Pref
"
Aroadlan
25
"
Arnold Mining.
25
"
Atlantic Mln'g.
25
"
Baltic Mining..
25
atath Steel
(Phil) 50
Boston Bleo Lt. ( Bost ) 1
Cambria Iron.. (Phil) 50
71
78
May
Jan.
Jan.
.
Ml
100
31H
900
168
24
,
MISCBLL.—Conolud ed.
9
.
.100
850
.100
846
(Phlla.)...
50
1,425
*
*
"
... . 60
* Preferred, 810 paid
6,511
118* il*8* 117 118 Amerloan Sugar Refining!. (Boiton)... .100
"
970
.100
tin*
116* 118* Preferred!
"
... .100
049
168 109
15b* 158* Amer. Telephone ATel. Co..
"
25
40
856 655 Calnmet A Heola
.
855 600
35* 95* 86* 36* Camb.Steel, 818* paid reot«.(Phlla.) ... . 60 13,178
17
Centennial Mining
1,605
17
17
(Boston) ... 25
17
62 Consolidated Gai
270
62
(Bait.) ... .100
89
69
(Phlla.) ... .100
4,807
94* 95* 91* 24* Consol. Lake Superior
"
80
1,704
Preferred
...
.100
60
60
88*
8,689
48
48* Dominion Coal
(Boston)... .100
48* 48
"
6,008
21* 92 Krle Telephone
.100
23
23
•78
217
50
78* Lehigh Coal A NaTlgatlon. (Phlla.)
"
1,396
.100
4* 4* Mariden Col
4* 4*
810
50
•••••*
.
8* 4 National Aiphalt T
3* 8*
•7
8
128
Preferred!
7
.
50
7
•99* 03 New Eng. Cotton Yarn, pref. ( Boiton) , , .100
•00* 03
"
138*
New
England
Telephone
•131* 182* 182*
... .100
10
"
...
97* Old Dominion Copper!..,,,,
25
5,416
26* 27* 27
5
6* Philadelphia Eleo.l 6 paid.. (Phlla.)...
5,150
5
5
(Boiton)... . 36
8,775
25* 95* •24* 95* Trinity Mining
859
118 118* 113*118* United Gai Improvement!.. (Phlla.)... 50
•43
42
United Shoe Machinery
978
48* 42
(Boston) . . 95
"
96
788
,,,
.
87* 27* 87* 87* Preferred
•18
•18
13
United States Oil
"
.
25
18
340
•48
WelibaohCo.
50
(Phlla.)... .100
•
78
Westlngh.
Hleotrlc
78
,
Mfg.
.
(Boiton)
... ..
.
50
82
A
"
Preferred
50
•••••• 78
78
78
26
b 20 11-16 1 5-18 c^8 5-16 7 1-16 d80 0-10 21 8-16
a 98 15-16 27 1-10
Nov.
MAT"
008
849
.
42*
27* 37V
13* 19*
43
77* 77* 78
no tale wa made.
100 155
Maine pf.(Bost) 10C 170
'<
100 800
Boston AProv.
OonnAPaaium " 100 160
Oonn Elver..,. " 100 970
38
Consol Tr Pitts! (Phil) 50
63
"
50
Pref!
»s Bouth A Fla.(Balt)100 48
05
"
100
1st pref
"
76
100
9d pref
50
B'rmarn n Pasi(Phll)
50
Hsstonr
"
Pref
60
"
100
Indi Street
"
50
LlttlS Bchnylk.
Mains Central. (Bost) 100 189*
ei
Mlnshli'. 4 8 H. (PhD) 50
50
Kssqnehon'g V. "
"
60
Korth Penn....
80
Pars Marqu'te.(Bost)l00
"
85
100
Pref
Phil Germ & N. (Phil) 60
"
60
Phila. Traetlon
85*
...
Bys Oo General! "
Rutland pref ..(Bost) 100 109
(Phll)lOO 278*
United N J
CnPowATram "
25
West Bud pref.(Bost) 50 iis'
WastJsr A 8 8. (Phil) 50
WestNTAPa. "
60
90*
Wis Cent, new.(Bost)100
40
"
Pref
100
WorNaihAR. " 100 ISO
AVI
85* 96*
113
41*
37* 97*
•13*
5
5
84* 85*
113
49
134
86* 37*
S
5
8
•133
8,900
.
.
•9:* 08
08
184
84* 97
50
.
M
16
11 186
185
033 87*
7',
400 45 Kbd. 30 69* Mar ia
917 130 Jan. 10 I1H
Apr. 98
.100
.100
.100
50
,
.100
(Phlla.)... . 50
60
"
50
"
... . 50
(Bait.) .,, .100
"
.100
(Boiton)... .100
"
.100
.
I
if
July
11^ 100
9
.
.
•
8
i
)M
.
84* 26*
8H*
SI" 48
**
80
04
O. truit certs. (Phlla.
167 251
Jn.
188 ICW*
re*
116*
35* 25*
1«* 17*
93
78
94
78
4*
ua*
•61*
•61* 64
at
««
.4*
*
*
84* 34*
A
ik la.
Preferred Tr. certfl
..(Boiton)
Kit oh burg, pref
(Phlla.)
I.ehiKb Valley
Masiaohuietti Kleot, Coi. 1. (Boiton)
"
Preferred 1
"
Vex loan Central
(Bait.
Northern Central
(Boiton)
old Colony
78* 73* 73* 71* Pennsylvania
31* 81* 91* 11-10 Heading Company
8b* 3** 88* 38* lit preferred
97
27* 87 27 1-10 2d preferred
85* 35* 36* 86% Seaboard Air Line
*
7
63
145
01
'90"*
807
*
875
145
•90
907
2
66* «7*
94
ei
1
1-6
183
"53*
83* •9!* 99*
*
If'J
58
3«* 85
86
36*
84* 35
85* 36
94
•33
67
63
14»* 145
144* '144*
36
04
•a**
88* 88* 8«* 13-16
96* ISO 3-% 37 3-16
86
36
35* 95* •*6* 35*
•4V* 50
60
60* 4>-* 40* •19* 60
100
10 U
0»* 10i * KM* 101* 100* 102
89
89* •3M* 88*
80
8* >--* 88*.
98
98
2-7*
97* 38
9«% 8"* 97
15*
16* •If* 15*
16* 15* 16^ 16%
08* 03* 93* 09* *«*3*
03* 04
88* 87* 85* 87
88* Be* 83* 87
Mil* •91
•41
92
32* •81
88* •91
8.'*
•81* 8H*
83
81
81* 83
88
*
16**
198
.100
.100
.100
.100
.100
.100
50
.
50
.100
(Button;
Huston A Albany
"
Boiton Kiuvutwd, rail paid..
Boston A Lowell
"
Boston A Maine
rmo. June. A Un.Htook Ydi.
"
Preferred
950
1H8
966
164
946
•0)*
«7
67
53
144
967
16H
846
103
•1H7
•941
109
•164
'914
01
88*
•806*
•81
•81
367
170
3«
86
04
•98
lo* :r*
03* 08*
957
84* •34* 84*
•m*
100*101*
80* 89*
87* 87*
357
•187
•344
lAnd
118
97* 07*
ii'i
iVe*
Interest.
•Prloe lnoiades overdue ooapo
74
thk
950
(jmkojniclj*.
^muestmjent ami fgUtilroad
LVou LXX1II.
lutelligsujcje.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest wet tccr month, and the last two
columns the earnings for the period from July I to and including such latest week or month.
The return* of Uie street railways arc brought together separately on a subsequent page.
Xotice Change— Our yearly totals now all date from Jul}' 1.
Latest OroxH Jjtruiiiii*
ROADS
or
Month
August ...
Adirondack
Ala dt Southern. 3dwkOct
June
Ala Midland
iexii:- Pac June.
AlaN
O&
NO&No Bast.
July
1 to
Latest Date
Current
J rt'oiout
Current
J'riciout
Year
Year
Year
Year
22.192
52,011
$
20,041
42,355
76,894
71,065
x
S
10,513
732,893
1,021,923
$
30,254
624,320
949,051
Latent (frost
BOADS
II
or
.
.
..
Month
Mo Pac & Iron Mt 3d wk Oct.
Central Branch 3d wk Oct
Total
3d wk Oct
Mob Jack AKC Wk Oot 2H
Current
Year
1'reviova
$
•
28,000
784,000
39,000
19,000
lO.ouo
1
W
.
.
1
to
Latest Dale
Ji' oioxu
Year
Year
Year
ll,69i
750,0011
479,463 Mobile dc Ohio..c September 470,500
492,566
33,000
2 2,505
193,781 Mont &Mex Gulf Seotember
15,000
124,408
Ala* Vlcksb'K 1st wk Oct
184,782 Nash Oh <fe St La. September 025,0.".:'.
227.814
18,000
Vioksb Bh Si P. 1st wk Oct
496,029 Nev-Oal-Ore
548,339
udwkOct.
3.5,931
3d wk Oct
5,1 l:;
Ann Arbor
81,574
10,810 Nevada Central.. July
8,59'-!
16,35
5,319
3,096
Ami Wash & Bal August ...
Atch Top Si S 1'V Septembor 5,012,230 4,389,554 14,716,80 12,340,446 N Y C & Hud Riv September 6,686,672
231,460 N Y Ont & West. September 4 90,768
245,95
Atlanta Ac Char. July
245,957 231.100
123,279 N Y Susq & West September 224,084
146,370
30,341
52,880
Atl Knoxv A. No. September
702,472
Norfolk & West'n 3d we Oct. 857,890
740,689
Ft. June
47,085
Atlanta &
49,65<
1,023,553 Northern Central August ..
692,930
Atl Coast Line... August ..
576,478 509,801 1,113,03
49,470 North'n Pacific. </ 3d wk Oct 1,013,478
67,279
Atl Vald Si West September
L6.829
22,906
156,004 Ohio &
250,450
Little
20,422
Austin & North May
12,830
20,238
18,122
Kanawha.
August
8,740
18,519
Bait Si Ann S L.. August ...
9,799
Ohio River
3d wk July
Bait iV. Ohio
>
32,315
12,633,422 11,348,717 Pacific
September
4,107,390
3,927,258
Coast Co. August...
399,021
B & O Southw. <
216,634 Pacific Mail
243,716
April
185,47:.
Bangor & Aroost August
134,751
108,733
5,740 Penn— EastP&E. August... 8,388,161
5,566
Bath Si Hamilton August
3,387
3,172
7,868
WestP&E... August
14,169
Bellefonte Cent'l September
5,029
2,707
Inc. 82
7,661 Penn & North w'n AprU
9,566
Brldgt & Saco R. August
5,938
4,536
47.384
1.868,208
Pere
Marquette. 3d wk Oct. 178.335
Buff Koch & firtb 3d wkOct.
134,748 132.313 2,126,729
157,136
200,679
Phlla
Erie
00.851
&
August
704,339
Buffalo <&Susq... September
74,158
125,090 133,48'. 1,001,240 1,520,139 Phila Wilm&B.. August
Burl C Rap & No 2d wk Oct
1,078,227
809,000 593,000 11,597,030 9,596,645 Pittsb C C & St L September 1,829,230
Canadian Pacific 3d wk Oct
222,09.")
Cent'l of Georgia 3d wk Oct
173,405 159,800 2,205,314 2,162,155 Pittsb <te West'n. July
186,031
Pittsb CI & To! July
106,640
53,890
62,959
Cent'l New En g.. September
129,358
Pittsb Pa& F.. July
Cent'l of N Jersey September 1,443,845 1,247,128 4,423,179 4,128,853
52,405
Total system... 3d wk Oct
Central Pacific.. July
1,844,294 1,733,6-55 1,844,294 1,733,655
76,227
24,430 Plant System— ]
24,002
2,380
2,403
Cent'l Pa & West June
30,311
35,235
Ala Midland.
Chat tati South'n. 3d wk Oct
1,837
2,030
Bruns & W'n. {
351.959 323,930 5,322,277 4,893,223
Chesap <feOhio... 3d wk Oct
Chas <fcSav... September 570,971
Chic <fc Alton Ry. September 802.091 833,871 2,480,970 2J450.572
8av Fla Sz W.
Chic Burl <fe Quiu August
4,979,67 4,545,718 9,460,462 8,453,016
SilSOc&G..
139,225 134,512 1,890.345 1,722,509
Chic & E Illinois. 3d wk Oct
165,998 150,261 2,481,2 10 2,251,866 Reading Co.—
Chic Gt Western 3d wk Oct
Phil& Read.... September 2,461,900
ChicInd&L'v... 3d wk Oct
93,632
83,143 1,473,237 1,285,402
Coal&L-Co
September 2,301,213
Chic Milw & St P 3dwkOct 1,023,945 973,344 14,574.603 13,287,406
Tot both Co's.. September 4,766,113
Cliic& North W'u September 4,276,720 4,002,116 12,459,796 11,512,039
Rich Fr'ksb & P . vugust...
82,410
Chic Peo & St L > September
351.487
320,289 Rio
118,720 112,251
StLCh&StPJ
Grande Jet.. August
52,390
12.113
Chic Rl&Pac... August
2,996,672 2,600,977 5,787,531 4,899,904 Rio Grande So... 3d wk Oct.
ChioStPM &0. September 1,033,581 1,080.907 3,050,139 2,788,639 Rio Gr'de West . 3d wk Sept 114,000
440,955 Rutland
29,955
496,344
August
202,511
Chic Term Tr RH 3d wk Oct.
27,189
Choc Okl & Gulf. 3d wk Oct '114.150 "77,385 *1,797,546 *1,139,670 St Jos&GrI
September 104,411
14,663
Cin N O & T Pac. 2d wk Oct.
97,047
94,490 1,576,370 1,414.427 StLKen'et&So. September
ClCinCli& StE. 3d wk Oct 390,172 370,823 6,123,373 5,448,889 StL&NArk
August
19,875
805,871
Peoria & East' ij 3d wk Oct
693,106
3d
wk
476,157
55,796
51,305
St
San Fran g
Oct
531,431 St L Southwest
668,415
Clev Eor & Wheel September 239,54
172,132
3d wk Oct. 175,208
Colorado & South August
471,114 404,986
935,686
796,020 StLVan&TH.. September 177,282
25,277 San Ant & A P.. August
13,726
13,515
24,569
225,205
Col Newb & Lau. August
409,61!;
334.758 San Fran
Col Sand <fe Hock 3d wk Oct
25,913
22,649
112,863
P.. September
Cornwall <fe Leb . August
37,134
33.681
72,880
18.323
55,739 8Fe Pres&Ph... 3d wk Oct.
Cumberl d VaLey September 112,856 108,148
307,168
291,415 SavFla & West.. September /570.971
Denver & Rio Gr 3d wk Oct 257,400 244,400 3,932,462 3,749,348 Seaboard Air L.. 3d wk Oct. 245,780
Detroit Southern 3d wk Oot.
384,476
340,012 Sil Sprs O & G . June
27,062
24,986
16,769
137,000
Det & Mackinac. August ..
63,932
74,581
148,325 SoC&GaExt... September
20,443
DnlSoSh&Atl.. 3d wk Oct
51,941
896,858
55,709
874.809 So Haven & East. August.
8,682
E St L & Carond. September
13,250
39,775
12,528
37,782 Southern Ind
September
57.459
September 3,561,644 3,118,901 10,914.991 9,818,181 So Miss & Ark ... September
Erie
18.961
Evansv & Indian 3dwkOct
108,870
112,813 So Pacific Co 6... August
6,518
6,613
7,134,692
EvansvA TH... 3dwkOct.
30,605
483,725
30,515
458,223
Austin & No'n. May
20,422
W.. September
Find Ft
33,638
9,635
9,610
30,009
Carson & Col.. July
19,373
Ft
& Denv City September 164,824 163,074 515,208 470,461 Cent Pacific
July
1,844,294
September 148,250 174,390
Georgia RR
415,766
424,344
Direct Nav Co July
2,828
Ga South & Fla.. September
99.226
314,627
97,401
291,450
Gal Har & S A July
559,955
Gila ValGdj N.. September
28,501
24,416
80,644
91,223
29,95:
Gal Hous <fc No July
Gr Trunk System 3d wk Oct. 597,126 575,290 9,447,207 8,772,116
GulfW. T. &P. July
13,776
Gr Tr & West'n 2d wk Oct
84,718
78,547 1,243,495 1,146,492
Hous. E. &W.T. July
64,880
DetGr H&M.. 2d wk Oct
21,403
333,377
21,846
326,081
13,391
Hous. & Shrev. July
Great North'n
387,099
Hous &Tex Cen July
StPMinn&M. September 2,859,299 2,308,973 7,375,147 5,895,368 Iberia &Verm'n July
3,938
East'nof Minn. September 565,600 396,240 1,525,836 1,135,268
Louis'a West... July
137,749
Montana Cent'l September 172,063 171,637
492,835
523,616
Morgan's L & T July
587,186
Total system. September 3.596,962 2,876,850 9,393,818 7,554,252
NewMex& Ariz July
27,090
Hooking Valley.. 3d wk Oot. 128,850 119,713 1,712,020 1,507-067
N
25,583
.. July
Hous & Tex Cent July
387,099 295,641
387,099
July
295,641
Tex&NOrl
246,149
Illinois Central.. September 3,358,666 3,112,621 9,917,596 8,631,232
280.013
Ore & Califor'a July
Illinois Southern September
11,923
10,525
35,299
July
31,954
Sonora Ry
44,538
Ind Dec & West'n April..
53,410
51,965
591,677
565,067
So Pac Coast... July
99,015
Ind 111 & Iowa... September 143,302 104,354
415,706
291,449
July
So Pac of Cal
1,754,458
Hit & Gt North'n 3dwkOot.
144,787 134,484 1,436,669 1,361,434
306,673
So Pac of Ariz. July
Wk Oct 12 71,000 76,500 1,067,200 1,114,770 So Pac of N
Interoo(Mex)
July
182,817
3dwkOct.
Iowa Central
54,908
47,365
752,698
711,652 Southern Railw'y 3d wk Oot. 797,023
Ssptember
Iron Railway
4,021
6,130
18,860
13,514 Terre
& Ind . September 144,977
Kanawha & Mich 3d wk Oct
21,874
16,349
321.765
270,122 Terre H & Peor.. September
46,470
Kan City South'n September 414,837 360,072 1,182,737 1,075.883 Texas Central . . 3d wk Oct.
26,426
Lehigh A Hudson September
32,468
37,037
102,836
116,123 Texas & Pacific. 3d wk Oct.
242,119
Lehigh Val RR. September 2,636,902 2,034,485 7,193,495 6,378,510 TexS
10,600
.. September
Leh ValCoal Co. September 1,578,351 1,956,997 4,782,685 5,474,718 Tol & Ohio Cent 3d wk Oct,
55,009
Lexing & East'n. August
35.729
34,830
67,226
63,678 Tol
West ... 3d wk Oot.
26,116
Lou Hen & St L September
56,093
180,263
56,887
166.309 TolStLA W.... 3d wk Oot
51,596
Louis v <te Nashv. 3d wk Oct
621,395 574,670 9,010,348 8,174,966 Tor Ham & Buff August
43,651
Maoon & Birm
September
8.470
10,187
24.941
25,310 Union Pac RR .
Manistique..
September
2.491
7,282
22,633
28,187
Oreg RR & N
September 4,240,815
(Mexican Central 3d wk Oct
319,63
310,266 4,954,240 4,916.287
Oreg Sh Line. J
Mexican intern' September 466,222 435,428 1,415,996 1,254,527 Wabash
3d wk Oot
407,283
(Mexican Nat'l.. 3d wk Oct
134.513 133,385 2,196,09: 2,262,835
Jersey & Sea'e August ..
651,150
Mexican North'n May
56,240
43,891;
596,506
576,079
Cen
Pitt
September
102,167
&
V
(Mexican Ry.
Wk Oct 12 78,300 69,700 1,159,200 1,208,200 Western of Ala June
57,832
Mexican South'n 2d wk Oot
12,851
219,365
14,955
212,026 Wheel & LE... September 309,892
Minneap Si St L 3d wk Oct.
73,019 1,140,012
75,401
985,568 Wisconsin Cent.. 3d wk Oct
126,800
St P <fe S St M. 3d wk Oct
161,183 102,646 1,914,421 1,364,896 Wrightsv & T'n. September
11,643
Mo Kan & Texas 3d wk Oct 422,582 394,741 5,352,923 4,534,078 Yazoo & Miss V. September 451,265
IstwkOct
July
Jitii
10,166
505,001
25,000
1,000
688,000 12,285,190 10,031,17-
2,472
.0,1 IS
175,97i.
1,448 LOO
120,343
624,879
-,9i:,
4 2,1
1.5
1,176
:;
17,991
1,898,808
57,240
l.l 10
48,659
2, .500
2,500
5,-71.-19 19,422,2:: 17,217,120
378,611 1,605,809 1,357
731
583,2.5
163,049
304,679 5,234,274 1,9 19,9.50
1,271,551
1,349,551
673,036
814,219 13,693,787 11,27.5,702
i
1
31,216
29,696
15,489
9.5.250
- 378
32,132
-.410 1,045,195
519,023
355,867 2,513,76] 3,30-..i77,401,961 16,010,050 14,192,050
InC. 5,0 24,100
2,000
569.071
565,774
50,298
159,004 3,028,551
547,12- 1,309,398 1,066,210
1,122,227 2,019.50.5 2,064,005
1,548,47- 5,300,170 4,025,431
179.--'"
222,09.5
179,820
91.950
94,950
129,358
52,19.5
57,019
57,019
1,204,369
74,873 1,37-
'
L&
.
&N
.
W
W&
YT&Mex
.
M
H
V&N W
P&
W
W
M
.
.
550,909
1,719,180
1,675,695
7,295,831 7,069,420
2,362,12
2,712,91- 0,021,702 7,275,150
5,075,042 13,917,534 14,344,571.
167
150,510
66,021
104. L80
100,433
49,707
179.754
174,512
11,649
99,700 1,248,200 1,090,900
1
174,903
128,571
11,325
10,050
411,491
177,767
174,474
103,267
18,073
/550.909
221,235
20,617
20,941
9,602
34,346
18,055
5,997,862
12,830
11,068
1,733,655
1,943
486,194
26,495
8,477
55,046
8,112
295,641
2,456
107,485
499,228
17,937
17,710
173,324
229,168
45,082
98,477
1,454,498
271,600
145,502
776,238
142,198
41,601
24,150
240,899
11,500
49,091
26,486
43,705
29,926
390,001
372,001
37,230
41,673
6,380,093
2,174,107
533,050
397,138
328,858
291,302
n.,749.180
3,404,550
216,824
58,784
14,676
161,893
57,054
13,815,451
250,450
19,373
1,844,294
2,828
559,955
29,95
13,776
64,880
13,391
387,099
3.938
137,749
587,188
27,090
25,583
246,149
280,013
44,538
99.015
1,754,458
306,673
182,817
11,383.043
416.759
147,536
194,955
3,200,414
32,100
926,005
378,693
813,532
80,109
334,530
357,201
30,390
18,172
5,500,210
2,012,736
507,666
307,840
283,655
a,675,695
3,158.747
281,602
60,294
16,064
95,311
53.241
11,731,157
156,004
11,068
1,733,655
1,943
486,194
26,495
8.477
55,046
8,112
295,641
2,456
107,485
499,228
17,937
17,710
173.324
229.168
45,082
98,477
1,454,498
271,600
145,502
10,808,700
409,147
124.352
174,837
2,831,087
30,200
799,376
387,734
654,985
61,562
4,054,849 12,313,102 11,539,113
381,067
614,450
95,338
54,045
255,884
108,318
17,022
432,569
6,104,763
1,129,231
309,588
821,088
908,602
1,929,748
29,058
1.290,633
5.613,399
1.080,031
286.546
739,745
743,741
1,739,371
40,388
1,105,892
* Figures from September 1 are for the railroad only,
§ Covers results on lines directly operated east of Pittsburg.
t Mexican currency.
alncludes Paducah & Memphis Division from July 1 in both years.
b Includes the Houston <fe Texas Central and its subsidiary lines. Earnings ol the Cromwell Steamship Line, not previously reported, are
now also included.
c Results on Montgomery Division are included in both years.
d Includes St. Paul & Duluth tor both years,
e Includes results on Sher. Shrev. & Southern, Mo. Midland and San Antonio extension for this year, but not for last year.
f These figures
are the results on the Ala. Midland, Brunswick & Western, Charleston & Savannah, Savannah Fla. & West'n and Silver Springs Ocala & Gulf.
g These figures inolude, besides the St. Louis & San Franoisoo proper, the Kan. City Ft. Scott & Memphis and Ft. Worth <S Rio Grande.
November
2,
THB CHKONICLK
1901.
Totals for Fiscal Year.
In the full page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
These with their dates are
still have their own fiscal years.
brought together in the following.
Apr.
Jan.
Jan.
Jan,
1 to July si
1 to Sept. :>o
Apr. 1 to Aug. 31
Jan. 1 to Sept. 30
Gulf.. Nov. 1 to Oct. 21
.
Choctaw Oklahoma A
Cumberland Valley
IJan. 1 to
Atlantic Jan. 1 to
Dnluth South Sho. A
East St. Louis A Carondelet. Jan.
1
Sept 30
Oct 21
to Sept. 30
Jan. 1 to Sept. 30
Ft. Worth A Denver City
Gila Valley Globe A North'n. Jan. 1 to Bept 30
International A Gt. North'n. Jan. 1 to Oct 21
Deo. 1 to Sept 30
Lehigh Valley
Lehigh Valley Coal
Deo. 1 to Sept. 30
Manlstlque
Jan. 1 to Sept 30
if exloan Central
Jan. 1 to Oct 21
Mexican International
Jan. 1 to Sept. 30
Mexican National
Jan. 1 to Oct. 21
Mexican Railway
Jan. 1 to Oct.
exloan Southern
Apr. 1 to Oct
Missouri Pacific
Jan. 1 to Oct
RR
M
Central Branch
Total
Monterey A Mexican
Northern Central
Ohio River
Jan.
Jan.
Gulf.... Jan.
Jan.
Jan.
May
Pacific Mall
Pennsylvania, East of P.
&
E. Jan.
West of P. A E
Jan.
Pennsylvania A North wes'n. Jan.
Marquette
Pere
Jan.
Philadelphia A Erie
Jan.
Phlla. Wllm'g'n A Baltimore. Nov.
Pitts. Clncln. Chic. A St. L... Jan.
Bio Grande J unction
Deo.
8t L. Vandalla A Terre H.... Nov.
I
A
South Haven
Eastern
.Jan.
South. Missouri A Arkansas.. Jan.
Terre Haute A Indianapolis..! Nov.
Terre Haute A Peoria
Nov.
Texas A Pad no
Jan.
West Jersey A Seashore
Jan.
1
to
1 to
Oct
Oct
1 to Sept
1 to Aug.
1 to July
1 to Apr.
1 to Aug.
1 to Aug.
1 to Apr.
1 to Oct
1 to Aug.
1 to Aug.
1 to Sept.
1 to Aug.
1 to Sept.
1 to Aug.
1 to Sept.
1 to Sept.
1 to Sept
1 to Oct
1 to Aug.
30
81
31
30
21
31
31
80
31
30
31
30
30
30
21
31
1901.
Previously rep'd (24 r'ds)
Alabama Gt. Southern..
Chattanooga Southern..
Chicago A East. Illinois.
Ohio. Indlan'lis A Loulsv.
Ohio. Term. Transfer
A
Choc. Okla
Gulf
A St. L..
Peoria A Eastern
Col. Bandusky A Hock'g.
Duluth So. Shore A Atl..
Clev. Cin. Chic.
Grand Trunk
)
Grand Trunk West. >
Det.Gd.Hav.&Milw.)
.
Hooking Valley
Kanawha A
Louisville
A
Miohigan...
Nashville..
Mexican National
Minn. St. P. A S. Ste. M.
Nevada-Cal.- Oregon
Norfolk A Western
Northern Paclflo
Pere Marquette
Pittsburgh
Western.
Rio Grande Southern
St. Louis A San Fran
Santa Fe Pres. A Phoenix
<jfc
.
Texas Central
Toledo Peoria
A West'n.
Total (55 roads)
Net increase (11-14
$
5,705,580
1900.
Current
Previous
Year.
Year.
Chattan'ga South.aSept.
July 1 to Sept. 30....
7,255
25,635
9.263 def. 3,946
29,159 def. 11.288
def. 2.581
def. 6.323
& Oblo.a..S<pt
1,456,058
Decrease.
9
173,405
1,837
139,225
93,632
29,955
114,160
390,172
55,796
25,913
55,709
159,800
2,036
134,512
83,143
27,189
77,395
370,823
51,305
22,649
51,941
597,126
575,296
21,830
128,850
21,874
621.395
184,513
161,183
5,143
357,890
1,013,478
178,335
76,227
12,113
476,157
18,323
245,780
797,023
26,426
26,116
119.713
16,349
574,670
133,385
102.646
4,110
304,679
814,219
159,664
74,873
11,649
411,491
18,073
221,235
776,238
24,150
26,486
9,137
5,525
46,725
1,128
58,537
1,033
53.211
199,259
18,671
1,354
11,735,937 10,559,145
1,180,015
1,176,792
2,654
199
4,713
10,489
2,766
36,765
19,349
4,491
3,264
3,768
Tear.
Tear.
1
Chesap.
July
Sc pi
648,694
1,358,602
605,005
Sept 30... 4,302,036 8,921,414
Ohio. M. A 8t. P.a..Sept 4,150,493 3,728,461
July lto 8ept 30 ...11.696.589 10,543,478
573 230
1.751,591
1,666,076
1,379.563
4,191,465
1,240 989
3,7551249
1 to
1 to Sept. 30....
1,662,528
4,987,915
1,523,837
4,836,420
500,739
1,497,545
495,631
1,240,480
Peoria A East'n a Sept
July 1 to Sept. 30....
218,403
651,707
196,595
539,193
48,204
148,845
74,439
160,382
Cumberland Val.b.Sept.
Jan. lto Sept. 30....
112,856
802,575
108,148
768,321
51,261
286,516
55.160
274,240
Sept 30.... 2,388,178
Jan. lto Sept. 30.... 6,392,978
Syr. Blng. A N. Y.b—
2,098,509
5,511,186
1,102,421
2,931,619
915,055
2,423,576
257,476
710,832
132,553
412,140
94,258
292,207
Cl.Oln.ChiC.&Ht.L.aScpt.
July
Del. Lack.
July
A Western b—
1 to
1 to Sept 30 ...
lto Sept. 30...
Elmlra A Lake Ontario-
July
Jan.
271.531
799,321
204,629
180,242
17,043 def.8,042
Wllliamsport—
274,613
270,623
July lto Sept. 30...
62,400
54,946
Sept 3,561,644 8,118,901 1,202,273
Brie. a
810,046
July lto Sept. 30.... 10,914,991 9,818,181 3,760,249 2,934,893
FlndlayFt.W.AW.b.Aug.
13,021
11,907
2,663
2,530
July lto Aug. 31....
24,003
20,399
4,222
3,253
Pt.W.ADen.Clty.bScpt.
164,824
163,074
50,518
53,799
Jan. lto Sept 30.... 1,536,099 1,198.854
409,839
272,878
Georgia. a
Sept.
148,260
174,390
44,958
75,936
415,766
July lto Sept. 30....
424,344
91,214
119,530
ftllaVal.GlobeANo.Sept
28,501
24,416
13,289
10,943
80,644
July 1 to Sept. 30....
91,223
37.715
48,217
Hocking Valley. a.. Sept.
453,744
391,055
185,338
156,818
July 1 to Sopt. 30.... 1,341,688 1,165,030
537,463
462,894
Sept.
206,351
204,553
(owa Central. b.
40,559
24,437
589,539
July lto Sept. 30....
562,670
112,980
70,954
Iron Railway. b.... Sept
6,130
4.021
1,894
220
July lto Sept 30....
18,861
13,614
6,746
4,420
Kanawha A Mich. a.Sept.
91,055
72,581
15,551
11,468
221,430
257,710
July lto Sept 30....
55,306
42,100
Lehigh Val. RR.a..Sept. 2,636,902 2,034,485
646,470
239,777
Dec 1 to Sept 30. ...22,669,083 20,598,168 4,629,523 3,028,532
Lehigh V.Coal Co.a.Sept. 1,578,351 1,956,997 def. 90.952 def. 52,273
July 1 to Sept. 30....
A
Elmlra
.
Deo. 1 to Sept. 30.. ..17,503.680 15,817,050 df.488,453 df.718,452
Lon.Hen.A8t.L.b..Sept
66,093
July lto Sept 30....
180,263
Louisv. A Nashv.ft.Sept 2,446,418
July I to Sept. 30.... 7,193,448
Manlstlque.b
Sept.
2,491
81,466
Jan. 1 to Sept. 30....
Mexloan Central... Sept. 1,326,590
56,887
166,309
2,215,729
6,460.246
7,282
92,380
1,332,461
Jan. lto Sept. 30.. ..12,870,604 12.941,886
Mex. International Sept
466,222
435,428
Jan. 1 to Sept. 30.... 4,346,134 3,926,553
M.Bt. P. AS. S. M.b.Sept.
July lto Sept. 30....
BT.Y.Ont. A West.aSept
July 1 to Sept 30....
NY. Sue. A West.aSept.
July lto Sept. 30....
306,793
274,449
910.911
772.133
566,751
382,984
1,495,260 1,089,963
490,768
378,611
1,605,809 1,357,855
224,084
163,049
731,548
583,254
12,929
53,847
778,595
2,068,764
21,587
33
856,520
2,271,484
def.4,299
def.lll
31,595
330,604
3,435,620
118,175
1,833,832
138,408
898,132
333,061
777,311
125,312
525,466
107,936
350,327
34,877
337,079
56,'/
3,915,568
165,276
1,535,217
131,627
326,962
164,997
406,613
105,269
465,475
54,307
239.646
Company—
A Read'g.b. Sept
Reading
2,362,124
900,984
873,507
7,069.420 2,678,267 2,602,339
2,712,918
267,965
201,143
7,275,150
481,467
401,365
5,075,042 1.168,949 1,074,650
14,344.570 3,159,734 3,003,704
78,122
20,548
239,332
67,254
1,247,071 1,095,198
3,399,066 3,070,958
92,638
71,508
174,903
170,352
136,737
334,530
142,464
112,511
550,009
412,206
450,762
1,675,695
8,000,478 1.065,479 1,061,882
8,527,182 2,727,965 2,609,271
58,128
55.424
210,413
205,874
173,986
647,106
4,054,849 2,048,941 1,822,770
11,539,113 5,875,165 5,095,665
565,485
533,651
1,615,569
4,492.992 1.514,149 1,361,183
32,153
42,297
9\388
111,153
125,119
286,546
44,431
51,944
112,475
155,739
5.513
9,718
23,191
20,130
82,097
103,959
Total, b
Sept
246,819
300,988
July 1 to Sept 30
184,207
470,931
183,307
492,319
Wisconsin Central b Sept
603,311
528,005
July lto Sept. 30.... 1,569,948 1,412,054
2,461,900
July lto Sept 30.... 7,295,832
Coal A Iron Co. b. Sept 2,304,213
July lto Sept 30.... 6,621,702
Total both Co.'s.bSept 4,766,113
July lto Sept 30. ...13,917,534
Reading Co. b
Sept
July
to Sept 30
Total allComp's.bSept
July 1 to Sept. 80
Rutland
202,511
b.Aug.
July lto Aug. 31....
390,061
8av. Fla.A West.b.'Sept.
570,971
July lto Sept. 80.... 1,749,180
Southern Railw'y.aSept. 3,071,684
July lto Sept. bO ... 9,024,084
Toledo A O.Cent.a. Sept
247,770
764,112
July lto Sept 30....
Onion Paclflo
a.Sept. 4,240,815
July lto Sept 30.. ..12,313,102
Wabash. b
Sept 1,661,284
July lto Sept 30.... 4,900,004
W. Va. C. A Pitts.b.Sept
102,167
309,588
July lto Sept 30....
Coal Departm'tb. Sept
July 1 to Sept 30
Real Est. Deptb. Sept.
....
July 1 to Sept 30
Phlla.
464
i.
64,666
250
24,545
20,78.*
2,276
370
3,223
—
Wet Earnings.
Current Previous
Tear,
July
Minn.AStLoulB.a.Sept.
July lto Sept. 30....
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
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the Chronicle of Oct. 19,
1901.
The next will appear in the Issue of Nov. 23, 1901.
Roads.
1,058.700
2,997,550
18 009
44^396
52,611
.
§
1.352,732
3,754,231
14,141
17,136
541,153
10,2^6
13,605
.
Tear.
$
62.959
186,031
6,167,081
42,355
Gross Eirnings.
Current Previous
Tear.
53,890
166,640
9
p.c.)
»
Central New Eng b.s<<pt.
July 1 to Sept 80....
Increase.
9
Cent, of Georgia a.
Net Kum\ngs.
Previous
Current
Earnings
For the third week of October our final statement covers
and shows 11 '14 per cent increase in the aggregate
over the same week last year.
October.
Roads.
anadlanPaoltlo.a.S, [it. 3,264.024 2.C63.492
July 1 to Sept. 30.... 9.234.031 7,772,645
,.
257,238
539,343
55 roads,
2d week of
Tear.
178,884
472,095
1
30
31
23
if
Tear.
1,669,055
891,240
714.799
36,606
31,837
4,017,176 3,757.833
12.516 796 11,618443
16.372,897 15.200,211
12,111,790 10,457.182
7,874,686 7.290,360
4,951,916 3.230.446
802,575
768,321
2,065,382 2.117,096
118,745
119,104
1,636.099 1,198,854
255,192
284.030
3.829,054 3,175.506
22,669,083 20 588,168
17,503,680 15,817,050
81,466
92,380
13.820,726 13,896,261
4 346.134 3.926,553
6,122,569 6,323,061
3 363.700 3,569.100
467 178
460,711
27,628,958 23,960 196
1,096,437 1,107,811
29 030.727 25,252.256
1,043,842. 1,045,693
5,300,345 5.071,545
763,104
729,624
3,071,166 8,817,620
60,840,667 55,013,367
Inc. 2,t 47,000
225,526
227,045
7.292,220 6,529,648
4294.114 3,700,719
9,727,778 9,414,378
15 057,227 14,008,949
404,371
394,691
1,844,791 1,762,389
39,197
36,583
160,530
134.450
1,432,809 1,465,991
503,20?
434,838
8.747,884 6.880.058
2.621.883 2,431.183
ltO Oct. 14
1 to Sept 30
June 1 to Sept 30
Earnings.
Current
Previous
589,843
1,757,899
Period.
Atlanta A Charlotte Air Line.
Bellefonte Central
Burlington Cedar Rap. A No.
Central of New Jersey
Chloago A North-Westcrn
Chicago Rook Island A Pao..
Ohio. Bt. P. Minn. A Omaha.
r— dross
to .Sept. 30....
Latest Gross
Roads.
951
Tear.
9
9
9
9
Alabama Gt.Bo'tb.aSept.
196.820
54,790
173,369
58.166
July lto Sept. 30....
579,415
139,958
164,391
495,538
AtCh.T.AB. Feb. Sept 8,012,230 4,389,554 t2,20l,795 11,769,103
July lto Sept. 30.... 14,716,803 12;340;446 t6i264,322 t4,617,910
Bufl. R. APittbs.b.Sept
564,318
222.324
494,649
257,743
July 1 to Sept 30.... 1,718.507 1,471,273
618,735
797,066
Buffalo A S'squeh.aSept.
28,710
74,158
60,851
37,311
July 1 to Sept. 30....
200,679
157,136
65,559
81,358
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deduotlng taxes.
These figures include, besides the old Savannah Florida A Western,
the Alabama Midland, Bruuswlok A Western. Charleston A Savannas
and Silver Springs Ocala A Gulf, all of which have now been consoll*
THE CHRONICLE.
952
For last year we have combined tho earning of these separate
rendu for purposes of comparison.
For September, 1901, taxes aud rentals amounted to $168,190,
aicalnst #169. 1(4, after deducting whloh net for September, 1901, was
$2,033,605, against $1,609,639. From July 1 to September 30, 1901,
taxes and rentals amounted to $508,508, against $487,677, after deducting whloh net was $5,755,814, against $4,130,233.
dated.
[Yol. LXXIII.
Latest Cross Earnings.
Oboss
Earnings.
Week or Ho
t
Interest Charges and Surplus.—The following roads, In
addition to their gross and net earnings given in the fore
going, also report oharges for interest, &o., with the surplus
Above or deficit below those oharges.
>-Bal. of Net Earn':Int., rental; etc.
—
.
,
Current
Previoui
Tear.
Tear.
KoadM.
Cent,
$
New England. Sept
13,103
38,961
234,729
704,531
33,689
101,065
July 1 to Sept 30....
Olev.Oln.Ch.&Bt.L.Sopt
July 1 to Sept. 30....
Peoria & Eastern. Sept
July 1 to Sept 30....
Del. Lack.
&
Jan. 1 to
Byr. Blng. &N.
Tear.
$
1,038
8,175
$
12,622
37,477
249,094
729,841
33,750
101,250
266,010
793,014
14,515
47,780
605,329
484,103
„„ _„
309,726
1,811,636
1,075,318
611,940
44,905
134,715
44,905
134.715
87,648
277,425
49,353
157,492
12,141
9,682
4,902
17,734
44,428
74.018
217,917
11,125
32,868
43,417
81,548
227,585
10,631
31,907
17,972
*122,699
*348,361
*4,913
*24,063
11,529
*76,450
"243,241
*1,404
-11,893
790,980
385,071
813,066
44,660
74,845
*18,262
*87,280
56,562
170,321
*51,046
*188,244
304,218
698,019
21,192
40,858
*20,940
Y.-
Sept 30....
July
1 to
Jan.
1 to Sept. 30....
& Lake Ontario—
Elmlra
to Sept 30....
Williamaport—
July 1 to Sept 30....
Sept
Hooking Valley
July 1 to Sept. 30....
Kanawha & Mich.. Sept
July
1
&
Elmlra
40,689
59,132
_
West.—
618,318
Sept 30....
Sept 30.... 1,856,301
July 1 to
Previoui
Tear.
$
5,387
6,919
246,537
510,639
Current
July
1 to Sept. 30....
Reading
862,000
All companies... Sept
July 1 to Sept 30.... 2,586,000
Aug.
Kutland
47,978
95,507
40,036
119,750
25,535
76,498
139,131
421,005
July 1 to Aug. 31....
Toledo & Ohio Cen.. Sept
July 1 to Sept 3o ...
W. Va.Cen.&Pttte.tSept.
July 1 to Sept. 30....
Wisconsin Central. Sept
July 1 to Sept 30....
2.372,939
50,316
95,879
34,680
101,551
25.733
77,233
135,732
406,901
*72,648
78.226
223,755
*48,801
*124,397
After allowing for other income received.
Inoludes operations of railroads and coal and real estate departments.
*
t
We
give below the gross and net
Northern Pacific—
earnings, etc., of the Northern Pacific for September and the
three months to September 30.
r-July 1 to Sept. 30.~
September.
1901.
q>
3,825,956
1,817,148
Gross earnings
Operating expenses
1901.
<£
$
2,965,895 10,460,178
1,427,155 6,152,186
'
$
8.468,328
4,316,485
2,008,808
Netearnlngs
Taxes, rentals.bet'm'tB.&o 398,504
1,538,740
299,619
5,307,992
1,229,059
4,151,843
985,295
Net operating Income. 1,610,304
Miscellaneous income, not
69,691
Including land sales
Net income
1,679.995
Main system
36,075
Proprietary lines
1,239,121
4,078,933
3,166,548
63,718
156.994
186,947
1,302,839
50,004
4,235,927
90,956
3,353,495
103,256
1,716,070
1,352,843
4,326,883
3,456,751
—
Total
Notb.— Operations
September 11.688
London St. Ry.(Can.) September 15,03.1
Lorain <ft Cleveland.. September 11,804
Mad. (Wis.) Traotion. September
6.1!)4
Mass. Eleo. Co.'s
August...
Montreal Street Ry.. September
Muscatine St. Ry
September
NewburgSt. Ry
Septembei
New Castle Traction. September
New London St. Ry September
.
Northern Ohio Tract. September
Olean 8t. Ry
September
Philadelphia Gomp'y September
Pottsv'e Union Trao. July
of the St. Paul
& Duluth included
in both years.
\
Jan.
1 to
Latest Dale
Prev'ui\ Ourrenl Previous
Tear.
Tear.
Tear.
9
97,051
106,709
9
9,300
14.790
9,756
~i
85,709
88,383
6.091
52,789
705.308 661,107 3,929,712 3,765,983
182,584 161,526 1,435,623 1,345,510
6,566
50.967
6,126
52,814
10 615
76,i»l
9.812,
79,401
9,098
8,285
104,022
97,090
7.500
6.972
56,245
50,203
£9.242 45,957 449,938
371,134
4,940
40,799
38.871
4,188
181,808 138,12- 2,235,757 1,829,650
19,122 17,005
95,426
79,655
Railways Co.Gen.—
Roads
September
September
Rlohmond Traction.. September
Sacramento Eleotrlc
Ga*& Ry
September
20.753
1,198
20,991
Light Co's
Louis Transit
aoranton Railway...
Sioux City Tract
Southern Ohio Traot.
State n Island Eleo.
Taooma Ry. & Power
Toledo Rys. & Light.
Toronto Ry
Twin City Rap. Tran
St.
.
39,346
.September 500,486
August
September
September
Autrust
20,727
166.505
14,270
169.748
35,439
307,310
20,665
1,128
156,909
275,589
3.087,765
438,485
402,690
155,010
252,892
218,846
t4?0,049 4,301,895
63,763 57.647
16,604 16,91)5
34.156 30.790
28,108 27,481
2*12,354
33,977 25.691
280,346
114,667 103,434 957,584
871,258
153.481 138,927 1,017,892
949,676
308,393 271 652 2.340,165 2,102,029
191,901
27,788 23,069 211,825
September
Septembei
August
September
Qnlon (N. Bedford).. Septembei
United Traotion— >
Albany City \ September 122,200 117,742 1,004,905 1,004,395
United Traot. (Pitts.) August
182,773 162,155 1,347,039 1,246,996
United Tract (Prov.) September 249,910 222,701 2,033,089 1,787,861
WiL&NewCastleEleo August...
6,200
46,167
30,559
8,603
$
These are results for properties owned.
t
Strike In August, 1900.
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 reoeived
that week, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
in the Chronicle of October 19, 1901. The next will appear In the issue of November 23, 1901.
Oross Earnings.
Ne t Earnings.-
—
.
.
Current
1800.
1900.
Tear.
Lehlg h Traction
>
,
Our'nt
Tear.
Roads.
Galveston City Ry..Sept.
9
11,580
Intern'l Tr. (Buff.). Sept.
634,269
July 1 to Sept 3o
1,802,277
Lorain & Cleve. Ry Sept.
11,804
Lynchburg (Va.) Traction
Current
Previous
Tear.
Tear.
9
246,484
761.197
9,756
9
3,834
365,466
1,041,580
7,683
136,217
412.452
5.810
103,434
871,258
28,959
64,155
496,077
55,083
408,019
Previous
Tear.
9
& LiRht—
May
1 to Sept 30....
Toledo Rys.
& Lt.a
71,315
114,667
957,584
Sept.
Jan. i to Sept 30
Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report oharges for interest, &o. with the
,
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from whioh we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for he
latest week or month, and the last two columns the earnings
for the oalendar year from January 1 to and Including such
latest week or month.
—
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Cross Earnings.
Jan. 1
to
surplus or deficit above or below those charges.
Current
Internat'l Tr. (Bnfl.)Sept
July 1 to Sept 30
Lynchburg ( Va.) Traction
& Light—
May 1 to Sept 30
*
Week or Mo Our'nt Prev'us
Tear.
American R'ys. Co.}. September
September
Bingham ton RR
August
Br'klyn Rap.Tr. Co.
Chagrin Falls & East. August
Chicago & Mil. Eleo. September
Cin. Newp. &Cov.... September
OltyEleo. (Rome.Ga.) September
CI. & Chag'n F's Eleo. August
September
Cleveland Electric
Cleve. Ely A West... September
September
E.
Palnsv.
A
Cleve.
Consol. Trao. (Pitts.) September
Dart.& W'port StRy September
September
Denver City Tram..
Det. Rooh.Ro.&L.O. August
.
.
Detroit United
Rapid Railway
Total
Duluth-8up. Traot.
3d
3d
3d
82,171 7 8,014
18,456 15.767
1,139,611 1.081.804
1,2^3
19,197
60*
16,522
"3,508 "3,516
4,621
Tear.
Previout
Tear.
640,120 599,309
153,116
137,702
8,306,612 8,055,148
8,307
132.160
610.642
31.346
28,844
108.789
588,710
30,195
231,552 176,108 1,705,634 1,506.701
27.430 18,863
185,^92
18 ,049
124,184 106,184
18,823 14,4^5
264,969 247,810 2,252,549 2,110,415
9.94b
13,130
95,33
80,571
133,664 116,569 1,114.556 963,587
13,449
8,368
71.217
38.143
Oct. 59.331 50,425 2,303,727 2,039,025
wk
wk Oot.
wk Oot.
September
Duluth St. Ry
S
Elgin Aurora & Sou September
ttai veston City
September
Harrlsburg Traction. August
Internat'l Traotion—
(Buffalo)
Tear.
ft
5,691
65,022
38.933
34,172
11,580
42,026
5,457
55,882
29,486
234,125
35,977
257,272
231,782
September 634.269 246.484 3.418 236 1,982.511
Current
Previous
Tear.
Tear.
9
9
*290,772
*808,649
15,625
ANNUAL
*64,457
*200,932
13,334
F :eports.
—
Annual Reports. The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
and Street Railway Supplements.
of the Investors'
This index does not include reports in to-day's Chronicle.
Railroads, Etc.—
Pace:
American Bicycle
Bangor & Aroostook
782
1-96
Central of ueorgia
Chicago* Alton
720,
Chicago Burlington & Quincy..78u.
Cincinnati Ham. & Dayton
840
839
787
K39
841
841
842, 897
Colorado Midland
Crucible Steel ot America
Distilling Co. of America
Glucose Sugar Redniug
842
Great Northern
780, 896, 908
Hall Signal Co. (bal. sheet of May
842
840
31, 1901)
334,723
275,504
39,148
^Bal.ofNtt Earn's.-.
After allowing for other income r eoeived.
Latest Date
Current
.
Previous
Tear.
Tear.
9
9
101,216
80,598
307,206
241,793
Bonds.
Gross
Earnings.
Int., rentals, etc.
.
Indiana Illinois & Iowa
Minn. St. P. & Sault Ste. Ma.
Nash. Chat. & St. Louis
ie.
& Hud. River.. 719,
Pullman Co
Reading Company
780.
Kutland
f-t. Lawrence & Adirondack
St. Louis & San Francisco
N. V. Cent.
. . .
336,
779.
837,
896,
897
781
790
898
846
781
840
911
Railroads, Etc.— (Con.)—
Paoe.
Santa Fe PrescoU & Phoenix
781
Toledo St. Louis & Western
896
Western Union
788
Westinghouse Air Brake (bal. sheet
of July 31, 1901)
Wisconsin Central
Street Railways—
848
838, 85C
Page.
Brooklyn Rapid Transit... 7=1, 839, 854
Chicago Union Traction
183
Conn. Railway & Lighting (official
statement to N. Y. Stock Ex.)... 852
International Traction of Buflalo. 338
Metropolitan Street ,New York).. 613
614
New York & Queens County
Northwestern Kiev. RR .of Chic... 841
Third Avenue RR (New York).... 653
613
Toledo Railways & Lights
Union Traction of Philadelphia... 614
394
Union Traction of Pittsburg
United Traction of Albany, etc.... 610'
November
9,
THE CHRONICLE.
1901.]
Minneapolis & St. Loais Railroad.
(Report for the year ending June 30, 1901.)
On pages 961 to 963 of today's Chronicle are published in
full from the annual report President Hawley's remarks, and
in addition the
sneet, etc
principal
INCOME ACCOUNT— ALL COMPANIES.
Oross earnings
Operating expenses and taxes
tables— traffic, income, balance
statistics for
1899-00.
13-51
17 14
3937
128
320
732,521
148,301
849,182
19
20 25
111
Dividend on
sengers per truin
4063 fl«. 1 OJ
3958
A\cr;ige revenue per passenger per mile
20190.
20220.
De«.003
Freight
Tons carried- Commercial. 1,766,287
1,605,383
160,901
Tons carried- Company...
239,i'48
39,lf '6
279,104
Tons car. one mile— Com'l. 210,799,911 174,654,187 36,145,724
Tons ear. one mile- Coin'y. 23,871,323 22,211,613 1,659.710
Av. length of haul—Total..
108'79
11935
10 56
Rev. freight train mileage.
730,068
694,753
35.315
Total freight oar mileage.. 17,9.*>3,479 15,626,963 2,326,516
Loaded freight oar mileage, 15,128,734 13,133,771 l,b 94,963
-22
Per o. of loaded oar mileage
84-27
8405
Av. tons per loaded oar—
14-64
-60
commercial freight only.
1404
Av. tons per loaded car—
-47
lnolud'g company freight
1630
15S3
Av. loaded cars per train..
2072
1890
182
3-59
Av. empty cars per train...
-28
3-87
Av. tons per train— commercial trelght only
288-74
251-S9
3735
Av. tons per train-Including company freight
283-36
321-44
38 08
Av. rev. i er ton per mile...
l-145o.
l-212o. Dec.067o.
258
Total
Balanoe, surplus.
25-10
of pas-
Tne comparative
10-02
16 32
15-19
-26
I486
1898-99.
1897-98.
633
$
703,826
514
$
€01,836
436
$
494,031
2,413,134
158,544
2,117,553
143.920
1,860,258
385
$
457,480
1,650/08
146,715
138,593
3,275,504
2,863,309
2,500,004
2,246,581
594,754
807,046
841,353
105.531
107,933
514.331
298,747
691,527
95,903
98,878
460,655
235,785
621,282
120,283
84,700
398.293
212,132
580,402
104,795
72,294
Taxes
Uncollectible accounts
Dividend on 1st preferred
Dividend on 2d preferred
common
Total
1,699,386
1,163,923
200,266
1,522,705
977,299
196,597
1,367,916
878,665
167,865
1,507,694
1,364,189
1,173,896
1,046,530
Rentals
Int. paid during year....
Miscellaneous
on com.
do
stocli... (4)
Total
Balance, surplus
*
56,716
892.540
309
200,000 (5) 200,000
24o,000 (l'j) 90.0C0
56,711
897,220
Divs. on pref. stock.. .(5)
1,393,931
113,762
1,239,565
124,624
55,694
659,540
55,162
580,540
*294,583
'265,000
...
1,009,817
164,079
900,702
145,888
Includes dividends on former first preferred stock, which was reon June 1, 1899.
BALANCE 8IIBET JUNE 30.
1901.
1900.
1899.
1898.
'ft
*T>
4^
4i
Road and equipment.... 28,334,258 25,695,669 25,291.545 22,124,186
Construction acoounts
Investments
Companies & Individuals
Agents and conductors..
U. 8. P. O. Department..
Company's bds. in treas..
Materials and supplies...
Cash
Miscellaneous
Total
—
87,000
66,029
40.821
19,678
833,000
244,772
267,561
34,770
2,156,411 2,739,096
65,000
89,000
85,164
16,798
70,542
63,643
18,240
17,477
482,000
213,«00
224,848
35,357
482,000
167,981
269,777
32,781
317,000
52,896
17,811
282,000
184,219
283,300
27,390
29,927,889 29,066,881 29,170.099 23,318,802
Liabilities
Stock (see Inv. Supp.)... 10,000,000 10,000,000 10 000,000 12,500,000
Bonds (see Inv. Supp.).. 18,151,000 17,800,000 17,800,000 10,000,000
Audited vouchers
90,199
Accrued Int. on bonds...
191,866
Taxes
64,094
Audited pay-rolls
98,332
Mlscell. acoounts
259,605
Income account
1,072,793
Total
—V.
101,839
187,186
56,; 89
103,118
223,157
695,192
329,501
187,186
52,426
84,507
245,911
470,567
198,399
83,186
47,192
79,281
104 041
306,702
29,927,889 29,066,881 29,170,099 23,318,802
72, p. 1238.
Pacific Coast
Company.
June 30,
( Report for year ended
1001. J
Extracts from the annual report are given on pages 963 and
964 of to-day's Chronicle.
Statistics.— The earnings and expenses, income account
and balance sheet have been as follows:
earnings and expenses for year 1900-01.
_
Department—
Paci tic Coast Steamship Co
Collier Willamette
Rail lines—
Qross
Xel
Earnings. Expenses. Earnings.
$
$
$
3,114,992 2,732,221
382,771
99,589
64,226
35,363
Paoino Coast Ry. Co
91,159
Columbia & Puget Sound RR. Co.... 540,188
Port Towneend Southern RR. Co
22,308
Coal department
1,222,155
Lumber, grain, eto
47,155
978,356
225,363
Total
I.
5,137,546
1,014,676
856,503
437,178
<),'
06
If 00.
181
*
$
14,995,432
391,210
2,238.079
481,294
547,249
15,370,788
391,400
1,061,277
695,206
442.549
257,647
76,627
28.<,204
45,473
3,691
30
18,871,523
18,985,622
18,195,522
12,525,000
12,525,000
4,446,000
130,722
403,047
140,002
18,525
14,455
200,812
61,739
1,045,322
12,525,000
4,446,100
54,036
367,890
69,559
18,325
18,985,622
18,195,522
labilities—
)
First mortgage bonds
4,446,000
Accounts payable
Unpaid vouchers
125,179
Unpaid pay rolls
110,051
Interest on bonds
18,525
Taxes aocrued
8,826
Renewal and " exhaustion" funds
398,232
Miscellaneous
151,583
Profit and loss
1,088,127
Total
18,871,523
— V. 73, p. 902, 447.
96,654
9,614
608,144
People's Gas Light & Coke Co. of Chicago.
fBalance Sheet of Oct. 1, 1901. J
The balance sheet as of Oct. 1 compares with that of Dec.
Dec. 31,
1W00.
Oct. 1,
1901.
Oct. 1.
1901.
$
Capital stock.. .. 35.000.OC0
Mortage bonds.. 34,490,000
Dec. 31
1900.
ZAabUtUes—
Pl't, ir'cbise, elc.68,8! 0.263
Materials
426,351
2,175.^55
Accounts recelv
Dep. lor b'd coup.
4»7,05-<
.
Gas
248,466
704,025
bills recelv...
City of Chicago
—
4,303,226
77,121,037
Totals
V. 73. p. 902, 680,
36,421,317
490.489
1,475,955
186,174
i52,474
104,048
12,«95
46b,82s
70,311,983
Deposits, security
for gas bills. ...
75,427
303,445
250,270
Hills payable
2,200.000
Bond int. accrued 462,933
Protlt and loss.... 4,332,961
Accounts payable
Coupons past clue
Totals
77,121,087
30,000,000
34,496,000
69,069
341,304
354,230
700,000
217.853
4,lSO,5ai
70,311,1^3
Railroad Securities Company.
Statement.)
The company in its statement to the New York Stock Exchange upon the listing of the $8,000,000 of 3J^ per cent fiftyyear gold bonds (Illinois Central stock collateral, series "A,")
says in part:
The Railroad Securities Co. was organized In February, 1896, under
he laws of New Jersey, under the name of the American Securities
Investment Co. In December, 1900, its certificate of Incorporation
-was amended, the present name adopted and active business begun.
Tbe bonds are scoured by the deposit and pledge with the trustee of
$8,000,000 oapital stock of the Illinois Central RR. Co. The lesue of
said bonds is limited to $10,000,000, and tbe $2,000,000 of additional
bonds can be Issued only against the deposit and pledge with the trustee of the same amount In par value of additional stock of the Illinois
Central RR. Co. The bonds are dated as of Jan. 2, 1901, and mature
on Jan. 1, 1951. All or any of the bonds are redeemable at par, and a
premium of 5 per cent on any first day of January or July upon three
calendar months' previous notioe. In case a part of the bonds are to
be redeemed, the particular bonds to be redeemed shall be ascertained
by drawings by lot to be made by tne trustee. The deed of trust provides that the oompany may withdraw the pledged t-hares of stock, or
any part of them, by depositing $11 In gold per share with the trustee, and that any moneys so deposited shall be applied to the redemption of bonds. The oompany has no lloating debt and no obligations
other than ourrent bills and the said Issue of bonds.
The following is a condensed balance sheet as of Oct. 1»
76,736
14,423
210,166
330,021
29,520 def.7,212
779,241
442,914
94,566 def.47,409
1
1901:
trial balance OCT.
8eourliies atoosttoco.$13,600,000
Cash account
Loans on collateral...
Interest on bonds aoot.
Interest account
Expense aocount
3,886.676 1,150,871
254,994
220,000
210,000
2,113
47,703
$14,334,810
Total
l, 1901.
Preferred stock
Common stock
Bonds, series A
Income account
$2,000,000
3,600.000
8,010,000
633,307
Aocrued luterest
70,000
Bills audited account.
31,503
Total
$14,334,810
The company has an office at No, 120 Broadway, New York
City, where its bonds are registered and the interest coupons
thereon are payable. Officers:
Direotors— E H. Harrlman, Stuyvesant Fish, Otto II. Kahn, William
C. Lane, F. N. Rodewald, J. \V. Harrlman and E, M. F. .Miller.
Otlloers— President, William O. Lane. Vice- I're-ideut, E. H. HarrlC. O. Tegethhotl'; Secretary, J. W. Harrlman.— V. 73,
man; Treasurer,
p.
900,843.
Cleveland Lorain & Wheeling Railway.
(Report for the year ending June 30, 1901.
President Walter R. Woodford says.
As compared with the previous year, there was a decrease
in earnper cent, and a deoi ease in net revenue of $142 .
The liability for aocount of car trusts was reduced during the year
ings of $28,921, or
Total
(2>«) 3-M25
(5) 200.000
(3) 210 000
(Official
tired
Assets
16,656
21,723
28.0C8
81, 1900, as follows:
1,956,617
1,318.887
188,807
Deduct—
19.181
9,907
(5) 76,2f0 (5 •!;,) 82,t04
(4)160,000 (41-.) 173,333
(4)2fcO,Ooo
(4) 280,000
1901.
Cash
Total
222,300
125.000
089
93,483
4,
CON'DKNSKD I1AI.ANCK SHEET— ALL COMPANIES- JUNE 30.
Securities
Net earnings
Other Income
222,300
200,000
27,348
,
1899-00.
Malnt. of way, etc
Malnt. of equipment
Conducting transports.
General
1,136,009
229,800
200,0o0
20,643
19,163
Stock (see Investors* Supp
971
508
1489
1900-01.
Total
1,151,854
297
963
780
7 47
:
& mlscel..
1,203,719
4-27
2070
the Chronicle are as follows
EARNINGS AND EXPENSES.
Passengers
Freight
Mall, express
1.404.7x3
47,071
1,108.001
58,849
Assets—
*
Property (including stocks and
bonds of proprietary companies) 15,456,461
Bonds and stock in treasury
391,200
Cash
2,024,989
Accounts receivable
181,683
Ajietey acoounts
330,943
Materials and supplies
213,122
Miscellaneous accounts.
3,455
Advances to subsidiary compan's.
209,670
13-44
5-53
statements of earnings, etc., compiled for
Average mllesoperated.
Earnings from—
••
-15
—
;
3,785,48'J
and mlsoel
Improvement*, equipment, eto
Exhaustion" fund
102,121
5,100.522
4 62
".,660
1,1,'O.hto
Depreciation
755.816
29,759.191
Average number
9
Deduct—
el.
1888-99-
5,290,448
Interest on bonds
Increase. Ver
3.384,0.->9
1899-00.
5.137.546
Total net Income
:
STATEMENT OF PAB8ENOER9 AND FREIGHT CWUtlLI).
1900-01.
Passengers—
Passengers carried— Total.
857,937
Pass, oarrted one inllo
31,859.713
leugth
10 63
Av.
of haul -Total..
Rev. pass, train mileage...
880,825
Mileage of cars In trains... 4,233,541
Av. number cars per train.
481
1900-01.
3,9wo,t,76
Net earnings
Interest, discount
Below are shown the freight and passenger
two years
953
1
THE CHRONICLE.
95-A
from $174,476 to $08,852. The decrease In the groin earnings 1b duo
to the later opening this year of lake navigation, and consequent decrease In ore and coal Hlii|<tucnts.
The physloal oondltlon of the property has been maintained at a
high standard and In many respects Improved. There have been laid
in main track 224 miles of 80-lb. steel rail; there are now in main
line 93 miles of 80 It) rails; 217,521 ties were laid, 159,416 of which
were used In main track and 58,105 In stile track renewals, and 24,287 In conetrnctlon of 8 >* miles of new sidings, etc For bank widening and ballast 147,900 oublo yards of gravel and 33,101 oublo yards
of furnace slag and other material were distributed; 262 feet of pile
and frame trestle have been replaced by stone culverts, and contracts
let for 775 feet of steel girders to replace other trestles and pile
bridges. The equipment was Increased during the year by the purchase of 5 freight engines, 150 box cars, 50 stook oars, 500 coal oars, 1
business oar, 1 steam wrecking orane.
The grade improvements at Shellield and Belden have been completed, and the benefits resulting are shown In the Increased number
of tons of revenue freight oarrled per train mile, and the reduction In
the ratio of operating expenses to gross earnings. The average number of tons carried per train mile for the year was 461, an Increase of
72 tons per train as compared with the previous year. Other grade
reductions are about to be undertaken.
Of the 3,634,045 tons carried in 1900-01, coal and coke furnished 1,876,806 tons and ore 4^0,182 tons; freight earnings
per train mile, $2 40 in 1900-01, against §1 8? in 1899-00.
Statistics. -The following tables, compiled for the Chronicle, contain important statistics for the years endiog June 30:
OPERATIONS AND FISCAL BE8ULTS.
1897-98.
1898-99.
1899-00.
1900-01.
Operations-
2.884,487
3,109,103
3,857,005
Revenue tons car'd. 3,634,045
Tons (rev.) 1 mile.. 345.651.173 380,093,225 289,362,818 255,086,626
0-5075
ots.
0-479 ctB.
0-482 ots.
521 ots.
Ton rate per mile..
501,243
Passengers carried.
Pass, carried 1 mile 13,090,128
Pass, rate per mile. 167 ots.
486,140
12,307,493
175
848.495
8,820,543
430,056
10,862,386
1-79
ots.
1*89 cts.
ots.
Earnings—
$1,800,402 $1,332,026 $1,384,743 $1,294,673
166,781
194,231
215,242
217.982
18,607
18,639
18,484
18,488
10,550
10,857
11,262
11,904
10,820
13,512
15,556
14,881
Freight...
Passengers
Mail..."
Express
Miscellaneous
$2,063,653
$2,092,574
$1,621,982
$1,501,431
$404,820
$391,480
$241,883
$179,365
242,430
596,163
78.582
56,373
246,732
704,523
66,194
52,229
176,962
615,835
54,865
48,350
191,325
585,087
59,480
47,250
Tot.op.ex.&taxes $1,378,368
(6679)
Netearnlngs
685,285
From other sources
$1,461,159
$1,137,895
....
484,087
7,000
$1,062,507
(7076)
438,924
3,744
$685,285
$631,415
$491,087
$442,668
$337,400
$278,626
7,875
34,001
Total
[Vol. LXXIII.
T) f ,i ur tInterest on bonds
Improvements, eto
Miscellaneous
Dividends on pref. stook....
1900-01.
1899-00.
1898-99.
$25,000
$22,533
19,858
4,200
6^,980
$17,754
54,861
cr. 2,72.)
66,225
Total
Surplus
BALANCE SHEET JUNE
Duef'mKKs.
ftoth
209,1:11
Fuel and supplies..
Ties on hand.
..
Stamford extens'n
Waco term'l prop
11,823
6,438
—
Total
V. 73.
p.
1901.
1*00.
S
216,59s
t
1,150.000
2,64t,400
1,824,600
14,104
10.866
67,566
6,2V)
195,028
5,477,990
5,437,702
tAalMMe»—
*
4, 473.900
860,000
47,859
11,940
200.000
7,616
39,735
30.
1900.
(6,040
6,477,9*0
161
52,98"
$99,621 $126,056 $127,495
$39,814
$29,994
$19,883
$88,501
$177,286
1901.
A>»rt»—
|
rrunertviiccount... 4,670.663
B'ds A st'k In ireus
(>7<<,20O
Cash in Imiik
3.7M)
1897 98.
$15,625
64,519
First M. bonrin
1,150.0*0
Mock, common... 2,676.000
Stock, preferred... J, 325,000
L6.846
Pay-rolls
21,9*9
Vouchers
Due UK 'i 4 others
07,368
.
Int. due It accrued.
Income account
Total
5,437,702
664, 33.
Santa Fe Prescott
&
Phoenix Rj.
June
( Report for the fiscal year ending
30, 1001.
Earnings.—The earnings, balance sheet, etc., have been:
OPERATIONS AND FISCAL RESULTS.
1900-01.
1899-00.
1898-99.
224
224
216
Aver, miles operated.
Operations—
Passengers oarrled...
59,939
Pass, oarrled 1 mile.. 4,738,698
Rate per pass, per m. 4-34 cts.
Tons freight carried..
214,005
Tons f'ghtoarr'dlm. 15,863,860
Rate per ton per mile 3-98 cts.
Earnings—
$
Freight
631,341
Passengers
205.556
Mail, express Amis..
119,726
47,479
59,832
4,874,353
4,106,842
4-40 ots.
4 27 ots.
219,116
236,826
16,660,821 15,560.250
3-75 ots.
3-96 ots.
1897-98.
198
40.150
3,464,835
4-21 ots.
183,664
14,500,714
3-64 cts.
$
$
$
659,791
203,126
119,215
584,223
180,511
110,553
527,769
145,709
90,646
Total earnings
Operating expenses.
956,623
439,974
987,132
437,584
875,287
455,286
764,124
365,270
P. 0. of exp. to earn..
(45-99)
(44-33)
(52-02)
(47-80)
Netearnlngs..
Other inoome.
516,649
9,062
549,548
5,929
420,001
10,954
398,854
562
525,711
555,477
430,955
399,416
247,000
148,200
17,154
247,000
148,200
11,829
55
247,000
118,560
Miscellaneous
247,000
148,200
17,637
421
Total
Surplus
413,258
112,453
412,354
143,123
407,084
23,871
365,560
33,856
Expenses—
Maint. of way and
structures
Malnt. of motive
power
&
cars
Conduct'g transp'n.
General expenses..
Taxes
P.c.ofexp. to earns.
Total
(69-83)
(70-15)
631,415
on mort.bonds.
on oar trusts...
Miscel.
&
4,875
32,540
rentals...
BALANCE SHEET JUNE
1901.
Deduct—
Int.
Int.
Total
Deduct Int. on 1st mort. b'ds
Int. on 2dmort. b'ds.
Rental
$277,000
10,875
8,696
$284,000
13,874
15,623,301
1900.
$
16,622,051
206,666
136,932
205,665
62,994
Bills receivable..
358,000
236,592
34,967
25,000
Miscellaneous....
8-..008
Investments
58,000
351,000
258,637
13.789
75,000
96,938
51,000
Asse.ts—
$
Road & struct
Equipment
Mat'l
&
supplies..
Leasehold int. &
stock P.& E.RR
$374,815
Total
$320,502
$296,571
GENERAL BALANCE SHEET JUNE
1901.
$
&
supplies.
Bills receivable
Agents, co. 'a, U.S.
Gov., Indlv.. &c.
96,180
19,840,603
105,^86
1,264
328,378
300.000
849,833
319,740
SCO.OOO
408,583
Total assets. 21, 832.158
20,975,386
Stocks owned....
Cash
—V.
30.
1901.
f
8,000,000
6,000,000
6,843,000
1900.
$
KR.&equipment.20 757.767
Mat'l
$297,874
sr.$310,470 sr.$310,913 sr.$194,516 sr.$H4,794
Balanoe
Common
stock..
Preferred stock.
Funded debt
Car trust
Bills payable ..
Other accounts.
Prodt and loss..
Total
1900.
in transit....
$
98,8f>2
8.000,000
6,0U0,OoO
6.8 8,"00
174.476
403.140
518,832
968.333
250
358,724
698,933
21832,158
20,975,886
73, p. 236.
Texas Central Railroad.
(Report for the fiscal year ending June
per contra
Cash
Cash
30, 1901. J
30.
1901.
XAabtUties—
16.763,467
16,736,969'
$
4,940.000
2,964.000
7,904,000
351,000
24.000
14,037
Pay-rolls &;uncl'd
wages
Due other ratlr'ds
Miscellaneous
Interest accrued.
Overdue coupons.
Income acc'Usur.)
Total
1900.
t
First mortgage... 4,940,000
Second mortgage. 2,964,000
Capital stock
7,904.000
P.&B.RR. bonds. 368,000
P. & E.RK. cont.
liability
17.000
Audited vouchers
41.016
Total
27.616
105,860
33.470
82,333
75,978
214,696
21,299
118,666
26,128
82,333
87,978
203,629
16,763,469
16,736,969
—V. 73, p. 901, 844.
Canada Atlantic Railway.
( Report for the fiscal year ending June 30, 1901.
This company operates 467 miles of road (of which 399
miles owned, 62 miles leaeed and 6 miles trackage), extending from Depot Harbor, on Georgian Bay, to S wanton, Vt.,
with various branches. The equipment includes 67 locomotives, 43 cars in passenger service and total cars in freight
Of the 1,592,987 tons
service, 2,712; leased box cars. 1,000.
carried in 1900-01, grain supplied 482,531 tons: flour, 67,959;
The report of the Vice-President and General Manager
contains the following
A dividend of 5 per cent on the preferred stock was deolared and paid
during the fiscal year, and for the first time in the history of the propper cent on the common stock has since been lumber, 438,202; coal, 162,843; merchandise, 113,746; wood,
erty a dividend of 2
declared and paid.
120,677; miscellaneous, 207,029.
The lnorease in earnings is due to the extension of 40 miles into the
The comparative statement of earnings, expenses and reprosperity
during
the year, caused
Stamford country and to general
sults
of operation for the years ending Jane 30 is as follows:
season
During
the
grain
crops.
119,465
bales of
by good cotton and
cotton were handled, an increase over last year of 68,185 bales and of
1901.
1900.
28,465 bales over the largest number ever handled before, which was Freight traffic (tons)
1,592,987
1,459,616
in the season of 1898. The lnorease in the amount expended in main- Passenger traffio (No. of passengers)
339,640
311,109
tenance of way and structures as compared with 1900 represents not Total oar mileage
26,190,312 24,862,162
only improvements In the roadway and track, but additions of new
Receipts—
steel bridges, masonry, buildings, etc, together with spikes and fas- Passenger
$283,658
$258,322
tenings, and frogs and switches, for 25 miles of steel that has been Mails and express
29,276
29,507
purchased and is now being laid between Cisco and Albany. The Freight
1,390,197
1,489,364
large lnorease in cost and maintenance of equipment is mainly due to Elevators (net)
43,917
29,577
the purchase of an entire new passenger train, 20 flat oars, 11 ballast Telegraph
3,628
8,051
oars and 3 locomotives, as well as the increased volume of business Rental terminals
20,009
13,880
and consequent increased movement and wear and tear of equipment, Other rentals
14,642
J
-j
«ost of material, wages, etc
The increase in cost of conducting transportation is due to the large
increase in volume of tonnage moved, wages, and oost of fuel, oil and
other commodities that enter into the cost of conducting transportation. The gross earnings per mile on 225 miles in 190001 were
$3,144; on an average of 194 miles in 1899-00, $1,935. [The tons
oarrled one mile in 1900-01 numbered 15,486.142, against 6,887,610
in 1899-00; revenue per ton per mile, 3-3228 oents, against 3-689
cents in 1899 00.
Earnings, expenses, charges,
Earnings —
etc.,
have been as follows
1898-99.
1897-98.
$156,334
614,578
36.684
$92,785
254,101
28.687
$75,798
294,347
24,263
$67,713
274,293
22,760
Gross earnings
$707,591 $375,573 $394,408
Operating expen's and taxes 441,804
228,538
245,958
$364,766
217.388
1,164
$1,786,338
$1,824,865
$250,492
236,046
842,875
53,977
$243,789
272,537
859,289
56,397
$1,383,390 $1,432,012
$402,948
$392,853
28,043
26,816
Total
1899-00.
Mall, express, eto
Total
1,011
Expenditures—
Maintenance of way and structures
Maintenance of equipment
Conducting transportation
General expenses
:
1900-01.
Passengers
Freight
Miscellaneous
Balanoe
Taxes and rental leased
lines
Balanoe
Net earnings of barges and lake steamers....
$374,905
36,649
$366,037
Not
reported.
Netearnlngs
$265,787 $129,615
$165,870
$147,37 oo
Net revenue
No income
p. 279.
for Interest, eto
account or balance [sheet
is
$411,554
furnished. —V. 70,
November
THE CUUONlCLh.
1901.]
3,
American
Cleveland Akron & Columbus Railway.
{Report for the year ending Jane 30, 19UIJ
year having been changed to end Dec. 81, a comfor the calendar year 1901. In
the meantime President James McCrea says in (substance:
The arrangement referred to lu the fourteenth annual report was
carried out, and on Aug. I, 1900, new tlret consolidated mortgage -10
year 4 per oeut gold bonds were Issued to the amount of $1 ,800,000,
The
fiscal
plete report will be issued
Itself of the provision contained In the mortgage, oalled in the outstanding issue of $730,000 equipment trust and
second mortgage t> per cent bonds, and they have all except two
oonds of $1,000 each, been retired and canceled. The Hunting debt
(Including equipment trust obligations), amounting to $609,574, was
also paid off, and the remainder or the proceeds from the issue of the
new consolidated mortgage bonds has been partially used In equipping rolling stock with safety aupltanoes In compliance with existing
acquiring an additional branch line, and In the reduction of the
_aws,
E
accounts payable outstanding at the close of the previous Hscal year,
leaving a balance of $235,000 now remaining In the treasury.
It U the aim of the board, whhe fully maintaining the oc uditlon of
the property, to meet all Interest and other tlxed oharges, and gradually, within the next few years, restore the 003 vacancies whloh existed In the freight oar equipment at the olose of the Hscal year ended
June 30, 1899, or In lieu thereof expend out of Income for other permanent Improvements a sum equal to the oost of tilling such vacancies, and thus restore the Impaired capital, and also to maintain the
payment oi moderate dividends upon the oapltal stock. The Ashland
& Wooster Railway was purchased in August, 1900, at a cost ol about
$79,000, and Is being extended to oercaln ooal fields. This work is
now practically completed, and the entire property, whloh will be
known as the -Apple Creek Branch," will be opened for operation In
the near future, the total oost thereof to June 30, 1901, .being $96,589.
and the board, availing
Earnings, expenses, charges,
etc.,
have been as follows:
KABNING8, EXPENSES, CHARGES, ETC.
1899-0. 18989.
1900-1.
204
214
$
Miles operated June 30
Earnings—
732,071
289,319
89,922
Freight
Passengers
Express, mail, etc
1897-8.
205
232
$
704,731 574.428 504,521
261.507 228,250 221,550
100,041 89,294 137.931
1,111,312 1,066,279 891,972 864,002
Total earnings
ExpensesMaintenance of way, etc
Maintenance of equipment
Conducting transportation
Taxes
134,210
186,241
445,380
22,508
34,152
144,852 99,432
224,970 91.913
425,107 377,796
17,104 40,970
29,610 31,580
Total expenses
Net earnings
822,491
288,821
841,643 641,691680,139
224,636 250,281 183,863
Interest on funded debt
Interest on loans pay able (net) ...
Interest and principal oar trusts.
159,650
40,533
133,800 133,800 133,800
24,644 28,985
6,338
5,099
9,725
2,489
2,676
195,982
92,839
163,543 174,999 142,814
61,093 75,282 41,049
General
Ded uct —
Betterments
Total
Surplus
cr. 4,484
288
GENERAL BALANCE SHEET JUNE
Rj., equip., etc
Car trust equip
1900.
1901.
$7 ,183,204 $7,092,866
—
'.,6S6
281
etc.on car trusts.
Stuck of Akron Un.
Depot
Mater'ls & suppl's.
Oue by other cos. ..
Sla.agts.& coDd'r'e
60,000
113,827
08,346
31.684
Aeh.A WoouterRy.
Cash with Pa. Co...
Cash la transit....
Cash with Treas'r..
Cash with agents
160.C0O
22,476
187,818
C<>
..
*8.2'.>4
Bal., def. In assets.
60,000
100,200
78.080
18,181
90,5Srf
8 867
for interest
Misc. assets!
1937....
9,818
37,010
2,966
19,116
1,028
1,1900)
New consol.
1940
800,000
1.800,000
2,000
730,000
1,1
due
,800,000
Bquip.trust obllg's
6,870
51,514
Kund lor f'ght cars
Matured interest
on bonds
Accrued lnt funded oebt
Bills payable
Current accounts..
Due other cos
Fund
.$7,919,099 17,416,238
1.867
2,965
60,000
48,260
002,724
152,116
11,703
80.6*8*6
i6,e.o
(
//•
•
1
$62,758 at Buffalo, $37.3u2 at Orr, #24,500 for "sprinkler
system account," balance scattering.— Lu. J, reduced to a net coat of
$550,619 by sales of property, machinery, eto amounting to $4t.,t,99.
I also present a monthly statement of repairs, charged to pioflt and
loss, showing the total to have been *6i ,b02.
As there have been numerous Inquiries for a clear statement of the
past history and present condition of the oompany, and p&i tlcularly
of Its working oapltal, Mr. 1). W. Trotter, the Assistant Treasurer, who
has been with the oompany from its origin, has prepared an olllolal
letter covering the history of the working capital of the company to
July 31, 1901. This letter is presented herewith and forms a pun of
11111b plant,
,
this report.
Assistant Treasurer Trotter says in part
1, 1U99, the books show that the Amerloan Linseed Co. received from the Reorganization Committee of the National Linseed
Oil Co. and the so-called Independent orushers the sum of $5,000,000
cash, whloh was then on deposit with the Central Trust Co. The
plants were free of encumbrance, but the new company had neither
Thereoil, seed nor oake, and no stock with which to begin business.
fore the new oompany purchased from the National Linseed Oil Co.
and the independent orushers all their quick assets, consisting of
seed, cake, oils and manufacturing supplies. Under this arrangement
the Amerloan Linseed Co. paid the National Linseed Oil Co. $1,360,132
and paid the so-called Independent crushers a total of $2,435,147
oash, leaving in the #5,000,000 fund $1,214,720 cash.
The first financial statement appeared about Aug 1, 1899, after the
company had been In business seven months. The inventory of that
date showed a loss of $858,470 for the period of seven months, and,
accordingly, at that date, the $5,000,000 fund had shrunk to $4,141.530. Of this shrinkage $270,8 12 50 is accounted for by one quarterly
dividend on the preferred stook. The balance was lost in the ordinary
course of business. There was a further Joss of $841,530 during this
period of seven months, not shown in the inventory, but involved in
the current contracts, consisting mainly of three items, viz.: Adjust-
On Jan.
ment Items
losses
The
of the old National
Company, $99, ICO;
rebates, $55,399;
oil contracts and seed, $686,971; total. $841,530.
total loss, therefore, for the seven months, as shown
on
by the
books and contracts of the oompany on Aug. 1, 1899, was $1,700,000,
reduolng the actual oash capital of the oonoern to $3,300,000 at that
date. This loss of $1,700,000 was balanoed on the books by an Increase in the aggregate valuation of the plants of the company to that
amount. The original entry for $1,700,000 was reversed July 31,
1901, by deducting from the valuation of plants and charging profit
and loss this amount.
The remainder of Mr. Trotter's statement covering the
fisoal years 1899 00 and 1900-01, together with the statement
for the seven months ended Aug., 1899, adjusted as above,
has been tabulated for the Chronicle as follows :
7 months
Tear
Tear
to Aug. 1, 1899.
1899-00.
1900-01.
Not stated
Manufacturing profits
$1,544,708
separately.
612,022
Repairs and improvem'ts..
loss.x $587,658
Net profits
Deduct—
Lossonseed sales
" " seed and oil contracts $686,971
Underwriting $6,000,000
bonds
Shrinkage on treas. stook
Adjustments and rebates..
>
$2,184,458
$932,686
$1,280,053
Only
above
profits
given.
690,000
72,000
154,559
Balance for dividends.. def. $1,429,188
Dlv.paidenpref. stock (l*i%) 270,812
$2,184,458 def. $1,109,367
(7%) l,la6,625 (l\%) 293,125
sur.
loss $1,700,000 gain $1,047,833 loss $1,402,492
Net result
Total net loss Jan.l, 1899, to July 31, 1901, as per bal. sheet.$2,054,659
for additions
and luiprov'm'ts.
Misc. liabilities
Bal., sur., in assets.
Total
1900,
..14;000.000 $4,000,000
Bonds (paid Auk-
L'miiiit'd int., cum.,
1'asB.
1901.
Capital stock...
B*ndsdue
99,276
101,349
369,127
80,329
30,058
30.
Liabilities
Llnnt »d
oiupuuy.
ur ewled July SI, 1901.)
The balance sheet of July 81, 1901, was given in the
CHBONICLB of Sept. 28, page ti'JJ. President F. T. Gates says:
The majority of the present board of directors and the principal ofpresent hereficers now serving were elected June 10, 1901.
with a general statement of the company .r July 31, 1901, show lug a
present
also
I
uu
itemized
statement showing
deficit of $2,054,659.
expenditures for Improvements for the fiscal jear aggregating ^597.HUten
Inland,
at
475.7.1H
at the Wright A
whloh
$i79,809
419 lof
{Report for
Total.
29.401
15,888
H9.992
10,098
$7,915,999 $7,110,239
-V. 72, p. 85.
American Alkali Co.
xPer Inventory before paying dividend of $270,812, whloh increased loss, as shown In first report, to $858,470. y Source of net
profits not specified.
This total net loss deducted from the $5,000,000 oash fund
provided at organization leaves a balance of "net available
cash assets" of $2,945,341. See V. 73, p. 662, 555.
{Official Statement.)
American Type Founders Co.
President A. K. Brown recently issned a pamphlet to the
{Report
for the year ending August 31, 1901.)
stockholders regarding the company's affairs. The pamphlet
says in part
President R. W. Nelson says in substance:
The company has received i 1,200,000 (amount paid In on the preGeneral Results.—The year has been the most prosperous in the
ferred stock) of which $924,346 has been paid for the patents, leaving history of the oompany. Sales have been the largest, and the net
$52,000 still payable; there has been expended $275,654 In the erec- profits over $40,00o more than those of the previous year, amounting
tion of the demonstration works at Sault Bte. Marie, and for the ex- to $323,469, or more than 8 per oeut upon its oapltal stock, after
penses incidental to the formation and maintenance of the oompany. payment of all expenses, including interest upon debenture bonds
The assets inolude the assets of the Canadian Electro-Chemical Co. and borrowed money. During the year the company has paid $160,which cover the demonstration works now in operation, and the 000 in dividends, being 4 per oent upon Its oapltal stock, and has
patents aforesaid. The plants consist of three units of 120 eleotro- added $163,469 to its surplus, after charging off all doubtful accounts
lytlo cells, of which one unit, or 40 cells, has been in operation since and deducting $131,511 99 for maintenance and Improvements.
January last, and two units, or 80 cells, In operation only slnce.last
Bonds, etc.— The oompany .during the year sold the remainder of
May. The third unit, although completed In all of Its mechanical its 6 p. c. debenture bonds at par and acurued interest, and, under the
details, has not yet been put in operation, owing to lack of funds with
sinking-fund provision, retired $25,000 of its bonds, leaving $950,000
which to equip it with the necessary mercury.
outstanding.
The net earnings of the Canadian works, using a vacuum evaporaThe large increase in the business has oalled for additional oapltal,
tion apparatus, would as shown (on the basis of 15 days operations with and, in addition, the oompany has during the past three years acquired
sixty -nine cells of the plant in use, the output being 50 tons of and paid for certain collateral industries whioh have been a projecbleaching powder and 22 tons of caustic soda) be $137 per day for 300 tion to Its local business in the various sections and have added to
working days, showing yearly net earnings of $41,220. The propo- its earning oapaolty. To meet these conditions It has been neoessary
sition of douDllng the capacity of the present Canadian plant was at to increase the liabilities, and conservative management does not Jusfirst considered, but, owing to the unsuitabillty of the site for this extify an Increase in dividends upon the present stock until the Indebtedtension, and for other reasons the plan was abandoned in favor of con- ness is materially reduced by future earnings or additional capital is
struction on the American side. Land has been acquired by oontract provided to supply the requirements of the oontlnued growth of the
with the Michigan Lake Superior Power Co. adjoining their power
oompany. This subject is having the careful attention of your board,
house, of sullioient area to accommodate works employing 10,000 and it may later make such recommendations as the Interests of the
horse power. Five thousand horse-power is reserved forthe company's oompany suggest.
nse and an option for a further amount of 5,000 horsepower when
Extensions.— The business has been extended into every seotlon of
needed. The price to be paid for the power la $10 per annum per North and South Amerioa, and there has been a large lnorease In
horse-power.
countries still further distant, as In Australia and the Philippine
Of the $1,200,000 to be derived from proceeds of present call, $1,- Islands. The great number of foreign aooentf matrices owned enables
0O0.G0O will be set aside for building the works proper, eto and the us to oast type for all foreign oountries, and the company is far more
remaining $200,000 will be reserved for working oapltal. The works complete in this, as in other respeots, than any of Its competitors.
should be completed for operation by the latter part of Oot., 1902.
Its faoes are imitated and reproduced in many foreign countries
they oannot be properly protected by trade mark or patent, and
The minimum net profit with the new plant in operation is where
the ohief protection to be had in many oountries is the prompt disestimated at $328,110.—V. 73, p. 664, 655.
tribution of all new productions. This will necessitate, if efficiently
.
THE CHRONICLE.
956
handled, the establishment of a selling branch and warehouse, and
foundry. In Kngland to promptly handle English and conpossibly
tinental business. We are now doing business In Oreat Britain
through an agenoy, but cannot in that way fully utilize our facilities,
uai. 1'i.aNT.— The company has labored under tlio disadvantage
of a iminlier of scattered plants, and the Importance and necessity
of establishing a central plant for the manufacture of staple products
have long been felt, and arc now under consideration. It Is estimated
that an annual saving of at hast one per (rent upon the capital stock
could easily be made above the Interest opon the additional capital
required to establish such a plant. It would also greatly facilitate the
prompt production of new type faces to have under one roof the
capacity of several times that of the largest of our present manufacturing plants. It would not be wise to close all exiting plants, but to
make staple goods at a central point, saving in cross freights, rents,
insurance, taxes, superintendence, and by the manufacture ol very
largo fonts at less cost than under existing conditions.
Statistics
comparative statement for four years shows
ii
i
—A
the following
1900-01.
1899-00.
1898-99.
Qroee earnings
Interest oharges
$119,038
9r.,o68
$366,156
76,915
$249,563
59.511
Net earnings
$323,470
160,000
$280,241
160,000
$190,052
160,000
$163,470
$120,241
$30,052
Dividends
Surplus
1897-98
$215,446
45,632
$169,814
IU LANCE SHEET AUG. 31.
1900.
1901.
Asset*$3,170,615 $3,132,046
Plant
1,594,567
Mereh. and raw mats. 1.728,357
305,799
325,302
Miscellaneous
532,703
813,009
Accounts receivable..
307,721
391,870
Bills receivable
150,090
96,082
Cash
1899.
$3,074, 8?6
1,432,346
289,949
456,530
335,913
99,629
1898.
$3,022,776
1,303,612
231,138
381,263
263,362
92,023
Total
$3,559,780 $5,988,421 $5,689,253 $5,297,174
Liabilities—
$4,000,OCO $4,000,000 $1,000,000 $4,000,000
Capital stock
133,469
132,916
118,544
140,011
Accounts payable....
Bills
871,471
950,000
598,243
596,998
838,100
434,779
645,000
696,^00
314,537
279,219
600,000
284,486
$6,559,730
$5,988,421
$5,689,253
$5,237,174
payable
Debenture bonds
Profit an i loss
Total
—T. 72, p. 534.
American Window Glass Co.
(Report for the year ending Aug. 31st, 1001.)
President James A. Chambers says in part:
We operated our factories a little more than eight months
of the
year, but owing to shortage of men and the strike of (listeners and
cutters, which lasted about three months, we produced only two-thirds
of our aotual capacity for the period of the blast. We also had a lively
oonfliot with our competitors for trade, wbioh compelled us to sell
our glass without profit for a considerable part of the year. These
troubles during the first half of lhe year were disoouraglng, but they
brought us peace with our men and harmonious and profitable relations with our competitors during the second half.
The majority of manufacturers outside of our company formed a
selling agency, so that for the last six months of the year useless and
unnecessary competition has been largely eliminated with most gratifying results to all. A large majority of the co-operative manufacturers have lately formed an organization for the purpose of handling
their product to better advantage, and are oooperating with our com
pany and the selling agency and the Jobbers for the general good.
Wages for the coming blast have been settled to the satisfaction of
workers and manuf aeturers.
The prospect
for trade
was never
or so much
better, as there has never been
building, particularly of dwellplants that use window glass, and the
such universal prosperity
ing houses and manufacturing
consumption will be greater than ever before In the history of the
oountry, so that the outlook Is much brighter than a year ago.
Last year we added our own sand plants, one In Pennsylvania, the
other in Indiana. These plants have proved a very profitable Investment. We are now able to supply all our own plants from our own
mines at a minimum cost, and hope during the coming year to sell
considerable quantities of sand.
Our gas and oil developments are beooming quite a source of revenue. We expeot to have a large surplus of gas to sell this winter in
Indiana, after supplying all our own factories with all they require.
We have about 40,000 acres of gas and oil territory soattered all over
the Indiana belt; much of this territory Is showing for oil and we have
a production at present of nearly 1,000 barrels a day net from wells
which we were compelled to drill to protect our property from being
drawn upon by oil companies drilling wells on leases adjoining. Our
policy is to retain the gas as long as is feasible for fuel, and drill for
oil only where others enoroaoh upon our lines. We have quite a number of good oil wells shut in because the gas pressure is so strong that
the oil cannot be released without wasting the gas. We also have
about 25,000 aores of gas territory and an abundance of gas for our
plants in Pennsylvania, with one or two exceptions. Our gas and oil
interests give every indication of being immensely valuable.
for the year were as follows:
from sale of glass
The earnings
Profit
From all
other souroes
Total profits
Depreciation of properties
profits for the year
73, p. 844, 393.
Net
—V.
$1,533,826
178,334
$1,712,160
300,000
$1,412,160
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
Alpena Gaylord & Western RR. —Projected Line— Mortgage.— The "Detroit Tribune" says:
This company has filed its maps for the
counties of Alpena, Montmorenoy and Otsego with the Railroad Commissioner. The trust mort-
gage has been exeouted to cover the necessary issue of bonds,
amounting to $.',500,000, for the entire line, and the arrangements
have been made with an Eastern trust company to finance the deal.
The bonds necessary to pay for the first division of the road from
Alpena to Gaylord, amounting to $1,500,000, are now being engraved,
and will be Issued at onoe, and as arrangements have already been
made for their sale, work on the road will soon be oommenoed, and
the line will be pushed to completion as fast as material and men can
be secured. It is expected that the bonds will be sold and the dirt
begin to fly by Nov. 1.
The projected line of the road extends from Alpena, Mich.,
westerly about 150 miles to Frankfort. William M. Darand
of
[Vol. LXXIII.
Ann Arbor
York
is President and Hillyer, Clark
are reported to be interested.
& Co.
of
New
Atlantic ic Danville Uy. Payment on Principal of Preferred Stock.—Notice ia hereby gi/en that in pursuance of
the resolution of stockholders " providing for the retirement
of the present outstaDdiog preferred stock of the company,
or any part thereof," a Becond distribution of 20 per cent
will be made on the preference eharea on and after November 1.
Certificates must be presented for payment and
endorsement either at the office of the company, No. 511
Columbia Building, Norfolk, Ya„ or at the office of Messrs.
B. Newgass
Co., No. 7 Lothbury, London. See V. 73,
&
p. 722.
& Western Ry.— Extension.— The
Atlantic Taldosta
di-
rectors have adopted a resolution to extend the road from
Valdosta to the Chattahoochee, at some point on the western
line of the State, probably in Q litman County, a distance of
about 140 miles.— V. 71, p. 134.
Baltimore & Ohio RR.— Stock Phdged.— See Pennsylvania
Company below.— V. 73, p. 783, 662.
Boston Elevated Ry.— Bonds.—The directors have called
on the West End Street Ry. Co. to issue bonds as provided
in the lease on account of the expenditures for new construction in connection with the property of the West End Company, these expenditures now aggregating $1,800,000.—V. 73,
p. 615, 390.
& Pittsburg Rj.— Quarterly.— Earn-
Buffalo Rochester
ings for the quarter ending Sept. 30 were:
3 mot.end'g
Sept. 30.
1901
1900
—V.
Gross
earnings.
Net
earnings.
Other
income.
$1,714,368
1,462,270
$792,922
609,732
$4,144
9,002
Interest,
taxes, etc.
$349,218
348,495
Balance,
surplus.
$447,848
270,239
73, p. 444, 347, 335.
M
Camden & Trenton
(Electric) Ry.— or tgage.— The coma first general mortgage to the Provident Life & Trust Co. of Philadelphia, as trustee, securing
11,750,000 of 5 per cent gold bonds in denominations of $500
and $1,000, dated 1901 and due July 1, 1931. Of the new
bonds $400,000 are about to be issued for extensions and additions to power houses, equipment, etc., $750,000 are reserved to take up at maturity a like amount of outstanding
first mortgage bonds, and the balance is reserved for any
future extensions in the cities of Trenton and Camden.—V.
pany has recently
filed
70, p. 279.
Cane Belt RR. of Texas.—Bonds.— The Texas Railroad
Commission has approved the issue on 69 miles of completed
road from Sealy to Bay City of $693,000 bonds; $355,000, it
is stated, will be used to cancel an old mortgage against the
road.-V. 73, p. 444.
Central Vermont Ry.— Report.— The results for the year
ending June 30 were:
Net
Gross
earnings,
(over taxes).
$3,262,133
3,382,724
$662,297
783,439
Tear—
190O-1
1899
Other
income.
$10,400
10,845
Fixed
Oharges.
$669,893
665,435
Balance,
surplus.
$2,803
128,849
-V. 72, p. 86.
Chesapeake & Ohio Ry.— Cincinnati Coal Terminals.—
Cincinnati paper says:
The company purchased the Klneon Coal Co. terminals in this city.
The terms are that the company shall assume the debt of the company,
$200,000, and pay in cash $150,000 to the stockholders of the Klneon
Coal Co. A sinking fund is provided for the redemption of the bonda
that fall due in 1905. The terminals are now under lease to Chesapeake & Ohio till 1904. These terminals are absolutely necessary to
Chesapeake & Ohio if it is the intention of the road to do any coal
business in this city. It is an elevated track.— V. 73, p. 677, 659, 609.
Cleveland Cincinnati Chicago & St. Louis Ry.— New DiW. H. Newman has been elected a three-year
director to succeed George A. Farlow, whose term expired,
and Walter E. Bliss has been elected a director for one year
to fill the vacancy caused by the death of George T. Bliss.
V. 73, p. 497, 491, 441.
Columbus Lima & Milwaukee RR.—Sale.— On Oct, 26
the Circuit Court at Defiance, O., ordered the foreclosure
sale of this property.— V. 73, p. 286.
rectors.
—
Concord & Montreal
RR.— Bonds.—The company
has
applied to the New Hampshire State Railroad Commission
for authority to issue $500,000 bonds to meet the cost of
Nashua electric railway
building the Concord Manchester
from Manchester to Concord. The road is being built for
speed, and is practically ready for the rails. V. 72, p. 480.
&
—
Danbnry & Harlem Traction Co. Mortgage.— The New
York State Railroad Commission has approved the proposition to issue a
mortgage for $200,000
to provide for construc-
tion.
Delaware & Hudson Co. Director.—C. A. Peabody Jr.
has been elected a director to succeed the late Alfred Van
Santvoord. Mr. Peabody represents William Waldorf Astor's
interest in the property. John Jacob Astor has been a member of the board for a number of years. V. 73, p. 337, 32.
—
Detroit Pontiac Lapeer & Northern Electric Ry.— Mortgage.— This company has filed a mortgage for $3,000,000 to
the Morton Trust Co., a3 trustee, to provide for the construction of an electric railway projected to run from Detroit
northerly through Pontiac, Oxford and Lapeer to Bay City,
Mich., about 125 miles.
President.
O. J. Price of Lapeer, Mich.,
is
Detroit Sonthern Ry. Earnings.— The earnings for the 3
months ending Sept. 30 (the figures for Sept., 1901, being estimated) were:
November
2,
THE CHRONICLK.
1901.]
Net
1901
19(10
—V.
lntereet
Mexhau
on
Oros$.
(over taxis.)
ll'/lltln.
$306,003
207,900
$80,349
44,129
$67,500
Tear.
plus.
•T
12,849
73, p. 723.
Detroit United Ky. —Status of Guaranteed Bond* -I'o.i
sible Change in Plan.— Tne "Detroit Tribune" Oct. 86 said:
The holders of [oertatn of] the guaranteed bonds ohject to the itook
holders of tt.e Detroit United Railway turning their stock Into bonda,
as the guaranteed bondholders declare that this will Impair the value
of their securities. Definite information was received from three of
the principal financial Institutions yesterday, and Imiii the trentlemi D
representing the Detroit Rochester Romeo <fe Lake Orion, and the Da
troit .te Flint lines, that a clause mutt he inserted In any new blanket
mortgage covering the Detroit United Railway and Its acquisitions, to
the effect that the guaranteed bonds above mentioned are rec ^nl/.ed
as prior liens, not only on the lines for which they were given, bat
upon the entire Detroit United Ry. system, and that any transfer of
Interests by the Detroit United Ry. to any outside, or parent company
inuft be made suiject to the lien created by these guaranteed bonds.
One reason this step was decided upon by thone representing the
guaranteed bondholders Is that It Is alleged that Meters. Everett &
[oore and those associated with them In swinging this big consolidation, have abandoned the scheme for a $125,000,000 parent company
and will form one under the laws of New Jersey, with a nominal capital, for the purpose of acquiring lie oapltal stock of the constituent
companies, or as much thereof as It can get. The constituent companies will thus be operated by this olose parent corporation and the
troublesome minority done away with when it comes to a question of
policy. -V. 73, p. 553, 494.
I
Detroit Ypsilauti Ann Arbor & Jackson Ry. -Construction. This company, of which James D. Hawks of Detroit is
President, expects to put in operation on Nov. 15 its main
line from Detroit via YpBilanti to Jackson, Micb., a distance
of about 100 miles. Franchises and rights of way have
also been secured for the proposed extensions from Jackson
northwesterly to Lansing and southwesterly to Coldwater.
A portion of the necessary franchises and right of way have
likewise been obtained for a further extension from Lansing
to Grand Rapids, via Grand Ledge and Ionia. President
Hawks and Treasurer Angus this week purchased the capital fctock of the Lansing City Electric Ry.
See that company
below.— V. 68, p. 282.
—
Hocking Valley Rj.-.Called Bonds— Fifty-one ($51,000)
car trust bonds, series A, issued in 1894 by the Columbus
Hocking Valley & Toledo Railway Co., have been drawn by
lot for redemption at par and accrued interest on January 1,
1902, at the office of the Atlantic Trust Co., 49 Wall St., New
York.— V.
Central Ry.— Temporary I.uan.—F.
S.
Mogeley
&
Co. of bohtt n liHve been placing thia w.-ek an issue of i'}{ per
<-. nt mx
uiuuths uoten, dated Nov. 7 1001 and payable *t the
National Shawmut B mk, Bobtoo. Th<
will be secured
by deposit with the aforesaid Institution of consolidated
mortgage 4 par cent gold bonds of the Me
entral. The
Mexican
ceeds will be nstd to pay for the Mont'
Moeeley
Co., in a circular dated it. 86, eay:
(iulf RR.
These notes ($300,000) an- part of a total lsxue of t6. 00^,000 (over
Vi.OtO.000 having already been holil) Issued fur Die
the
Monterey <te Mexican Gulf lilt, anil to be secured by t9,2' 0,000
Hi doan Central Railway oonsolldated mortgage 4 per cent 30 year
gold bonda, with 20 |ier cent margin to lie ruaintali ed, l"
In
In- hands of the National Hiawintil Hunk
BOOB a* they can
suen by the H0M011 Hate Deposit <V Trust CO truM. - under the n
gage. Temporarily, the National Hhawiuut Hank \s ill uoM an collatHecurlty the entire capital stock, bonds and Indebtedness of the
Mouteiey <& Mexican Gulf UK. 'lhls road 1ms recently bean purchased by the Mexican Central Kullway and will prove a valuable a
([uli-lilou to the system, ami will hhow sulliilent earnings to care for
In fact, the road has been earning all
all the new charges created.
It h charges and 5 per cent on the stock.
The delivery or the Mexican
Central consolidated 4s to the National Hhawiuut Hank will lie guaranteed by the Mexican Central Hallway and EL Clay Pierce, of 8t.
Louis, lndl\ ldually. The National Shawinut Bank will act as custodian of the securities for the benefit of the noteholders undi r an
agreement [drawn np by Messrs. Gaston, Snow & Haltonstall, and will
countersign each note.— V. 73, p. 900, 494.
&
<
|
1
M
l
I
,
.
1
Missouri Kansas & Texas Ry.— Offer to Purchase BoonBridge Bonds.— F. J. Lisman & Co., 30 Broad St., announce that they are prepared to purchase Bconville Bridge
at1st 7s at $1,037 50 per bond with November coupon
tached, or at $1,002 50 ex coupon.— V. 73, p. 843, 609.
ville
Montreal Street Ry.— Report.— The report for the year
30, 1901, shows results as follows: Gross earn-
ending Sept.
ings, |1,900,679, against $1,769,903 in 1699 0; balance over
charges, $649,251, against $647,246; dividends, $551,700;
transferred to contingent fund, §50,000; balance, surplus,
$47,551.— V. 73, p. 82.
Nashville, Ry. Overdue Coupons. Notice is given that
"on and after Oct. 23, 1901, past-due coupons on bonds of the
McGavock & Mt. Vernon Horse RR., Nathville & Edgefield
Street Ry. Co. and Nashville Street Ry. will be paid upon
presentation at the First National Bank of Nashville, Tenn."
—V. 73, p. 723, 392
—
Norfolk & Western Ry. Stock Pledged.— See Pennsylvania
Company below.— V. 73, p. 843, 502, 495, 492.
Northwest RR. Sale.— The company 's property, consisting
Company. — This
73, p. 675, 659.
Houston (Tex.) Electric Co.— Successor
company, successor of the Houston Electric Street Ry. Co.,
per plan in V. 71, p. 437, filed its charter at Austin, Tex., on
Oct. 26. The authorized capital stock is $1,075,000, of which
$75,0o0 preferred. An issue of §1,250,000 bonds is proposed.
Incorporators G. C. Baldwin, C. H. Tyler and T. W. House.
—
—V.
957
73. p. 784, 494.
of 12 miles of graded road and several tunnels along its projected line from Huntington, Ore., to Lewiston, Idaho, was
sold on Oct. 18 at Baker City, Ore., by Wallace McCamant,
special master commissioner, under order of the United
States Circuit Court, for §35,000, the purchaser being Charles
M. Reed, of Erie, Pa., a large creditor of the company.
Northwestern Elevated RR. of Chicago.— New B.:nds
Houston Electric Street Ry.— See Houston Electric Co.
Beady.
— The new first refunding mortgage 4 per cent conabove.— V. 73, p. 784, 494.
vertible gold bon !s are now being delivered at the Illinois
Houston & Texas Central Ry.— Called Bonds.— Bonds to Trust & Saving' Bank, Chicago, upon surrender of certithe following amount have been called for payment at 110 ficates issued in lieu thereof.— V.
73, p. 841, 554.
and interest on presentation at the company's office in the
Old Colony RR.— New Stock.—-The Massachusetts Railroad
Mills Building, interest ceasing Dec. 31, viz,:
First mortgage bonds of 1890
$80,000 Commission has taken under advisement the company's reConsolidated mortgage bonds of 1860
60,000 quest for authority to issue §150,000 additional stock for an
The numbers of these bonds will be found in our advertis- extension of its road from the North Attleboro station to a
point near Adamsdale, Mass.— V. 70, p. 176.
ing colums. -V. 73, p. 494, 391.
Indiana Decatur & Western Ry.— See Springfield & DecaPennsylvania Company.— Bonds Sold.— Subscriptions were
tur Ry. below.— V. 71, p. 909.
received this week by Speyer & Co. and Kuhn, Loeb & Co.
Iowa Central Ry.— Over-subscribed. — The subscription for the unsold portion of §20,000,000 Pennsylvania Co. 2}$
books for the first and refunding mortgage 4 per cent gold per cent gold loan of 1901 at 98 and accrued interest. Albonds were closed by Redmond, Kerr & Co, on Thursday lotments are to be paid for on Nov. 4, against temporary remorning shortly after being opened, the issue having been ceipts of the trustee, which will be exchangeable for actual
The certificates are uncondiceitificates as soon as ready.
several times over-subscribed. See V. 73, p. 899.
tionally
principal
and interest, by the Pennsylvaguaranteed,
Kansas City & Northern Connecting RR.—Sold.— At the
redeemable
foreclosure sale at Pattonsburg, Mo., on Oct. 25, this prop- nia RR. Co. They are due Nov. 1, 1916, but are
is secured,
loan
The
at
par
in
annual
drawings.
fifteen
equal
erty was purchased for $800,000 by H. C. Wright of Chicago,
representing John W. Gates and associates. See V. 73, p. in addition to the obligation of the Pennsylvania Company
and the guaranty of the Pennsylvania Railroad Co., by the
662.-V.
843, 662, 494.
73, p.
Kentucky Western Ry.— Bonds Offered.— Level
&
Co. of
Chicago are offering $150,C00of this company's first mortgage
6 per cent gold bonds, denomination §500.— V. 72, p. 988.
Lancaster & Hamden Ry.— Sale Dec. 3.—The foreclosure
sale is set for Dec. 3 at Columbus, O.; upset price $75,000.
Lansing City Electric Ry.— Sold.— The capital stock of
pledge of the following (par value)
Total
istued.
Amount
pledged.
Pittsburg Cincinnati Chicago & St. Louis
$22,697,341 $15,COO,000
Railway Co. preferred stock
5.C00.00O
Norfolk & Western Ry. Co. preferred stook.. 22.745,500
5,000,000
Baltimore & Ohio RR. Co. preferred stock... 59,361,217
The subscriptions were promptly closed, all the bonds
having been sold.— V. 73, p. 900, 843.
company was transferred to J. D. Hawks and S. F.
Angus on Monday. The "Detroit Tribune" says the purPennsylvania RR.— Extra Dividend.—The directors yeschase price is reported to have been about $250,000. The terday declared the usual eemi-annual dividend of 2% per
Eurcbasers were to have taken possession yesterday. See cent and 1 p. c. extra. This makes the dividend rate for the
•etroit Ypsilanti Ann Arbor & Jackson Ry. abovp.
calendar year 1901 6 p. c.thesameas in 1900, but in the meanLouisiana & Northwest RR.— Earnings— Extension.— time the shareholders have received valuaole rights, having
This company reports for the year ended June 30, 1901, on been allowed .0 tubscribe at 120 ($60 per $50 share) for an
its 78^f miles of road as follows
Gross earnings, #122,999; amount of new stock equal to 33^ per cent of their
this
:
net, $62,202; interest ($5,000), taxes and rental, $14,695; bal
ance, surplus, for year, $47,507. Contracts are now being
given out for an extension to be completed by June 30, 1902,
from the present terminus of the road below Bienville, Ark.,
to Natchitoches, La., a distance of 38 miles.— V. 71, p 1012.
Louisville Bridge Co.— Dividend.— Checks for the 3 percent semi-annual dividend No. 57 were sent out Oct. 10.
Dividend No. 56, also 3 per cent, was paid May 15, this having been the first distribution since July, 1900, when 8 per
cent was paid for the twelve months embracing the firBt half
of 1900 and the last half of 1899.— See V. 71, p. 29, 84.
holdingp. These rights were equivalent to an extra cash
dividend of about 7 per cent, and it was thought by some
would.take the place of the extra payment just announced.—
V. 73, p. 900, 843.
Peoria Decatnr & Efansvllle By.—Receiver Discharged.—
Judge Humphrey in the United States Circuit Court at
Springfield, 111., on Oct. 20, entered an order discharging H.
The road is now
C. Hopkins as receiver of the company.
owned by the Illinois Central.— V. 71, p. 1221.
Pittsburg Cincinnati Chicago & St. Louis Ry.— Stock
Pledged.— See Pennsylvania Co. above.— V. 73, p. 785, 663.
THE CHRONICLE.
958
Rcdlands (Cal.) Street Ry.— Mortgage.—This company
has filed a mortgage to the Title Insurance & Trust Co. of
Los Angeles, as trustee, to secure $150,000 bonds, providing
for extensions now in progress and additional equipment.
Rutland RR.— Consolidation Effected.—-The company on
Oct. 28 filed papers at Albany consolidating with itself under
its old name of Rutland RR. Co. the Ogdensburg & Lake
Champlain Ry.
Right to Subscribi. It was announced yesterday that
shareholders of record Nov. 9 will be permitted to subscribe
for new preferred stock at $90 a share to the extent of two
shares of new stock for every three now held. The proceeds,
apparently about $3,460,000, it is said, will be used to pay
the floating debt, for treasury purposes, etc. The company's
balance sheet of Sept. 30, 1901, was in the Chronicle of Oct.
12, page 781, showing preferred stock issued $8,557,600, of
which $2,790,000 in the treasury; net amount in hands of
shareholders, $5,767,600. The present sale will call for the
increase of this last amount, it seems, by $3,845,000. The
company's report of earnings for August »nd the first two
months of the current fiscal year will be found on page 951.
New Entrance to Montreal.— Owing, it is stated, to a disagreement with the Grand Trunk Ry. Co., this company
has arranged to run its trains into Montreal over the
tracks of the Canadian Pacific— V. 73, p. 781, 785, 287.
Rutland (Vt.) Street Uy.— New Stock.— This company is
seeking authorityjto increase its capital stock from $150,000
to $1,500,000 in order to provide for building an extension
from Rutland to White River Junction, a distance of about
50 miles; also a line from Rutland to Whitehall, N. Y.
St. Lawrence & Adirondack Ry.— Bonds Called.—The
$300,000 six per cent gold debentures issued several months
ago for the purchase of equipment have been called for payment at 105 and interest on Jan. 1, 1902. at the office of the
company, 51 East 44th St., New York City. New stock for
$315,000 was sold not long ago with a view to this payment.
—
[Vol. LXXIII.
The acreage of tliln property, together with the other lands Immediately adjoining, In 3,000 acres, underlaid by what Is known as the
Mary Lee, or Big Hearn. and the Black Creek seam. The mines have a
present capacity of 500 tons per day. The. re are 180 ooke ovens with
a capacity of 4,000 ton* of ooke per month
This property Is well
equipped as to houses, coal washer and other n< oessary machinery.
There Is also connected with the Mary Lee property about 6 miles of
standard-gauge railroad, connecting at East Birmingham with all the
railroad lines running Into Birmingham. The acquiring of the Mary
Lee property makes the entire acreage of selected coal lands of the
Alabama Consolidated Coal & Iron Co. between 36,000 and 40.000
acres. It increases the number of modern coke oveni to)595. The total
output of ooal at the mines at Brookwood, Searles and Mary Lee will
be .100,000 tons per annum and the production of ooke 225,000 tons
per annum. These coal properties, together with the valuable red
and brown ore mines and extensive rook quarries, enables the company to operate Its furnaces entirely from Its own resources — something It has not been able to do before this time.
The new properties acquired by our company since Its organization
and the improvements made have amounted to more than $400,000
In oash. The company is just completing a long 'period of construction and is on a more solid basis for cheap and large production
than ever before in its history.— V. 73, p. 339.
American Alkali Co. Authorized.— The shareholders on
Wednesday approved the plan (V. 73, p. 664, 555) to make the
pref. stock full-paid, by issuing two shares of full-paid, par
$50, pref. stock for five shares pref. on which $20 per share
shall have been paid.
Of the $6,000,000 preferred stock
$2,400,000 will then be outstanding and $3,600 000 will have
been retired.
The following fcommittee was appointed
to examine into the company's affairs and to take measures
to recover "promoters' profits," viz.: Allen P. Dlxen, Walter
Raleigh and Henry M. Gratz. Directors are:
Herbert M. Howe, William M. Kerr, Thomas W. Nelll, Arthur K.
Brown, George P. Brock, Clayton E. Piatt and H6nry O. Magee.
The three last-named succeed W. W. Gribbs, Samuel R.
Shipley and Ernest Davies.
An abstract of President
Brown's report will be found on page 955.— V. 73, p. 664.
American (Bell) Telephone & Telegraph Co.— Output.—
The company's net output of instruments for the month
ended Oct. 20 was 72,281, contrasting with 36,461 in 1900;
and for the ten months ended Oct. 20 was 454,163, against
V. 73, p. 840, 495.
281,542 in 1899-1900. The total instruments under license
Southern Missouri & Arkansas RR.— Purchase. —This Oct. 20 was 2,406,979, an increase of 445,045 over the same
company has purchased the Hoxie Pocahontas & Northern day a year ago.— V. 72, p. 1282; V. 73, p. 786, 724.
RR., chiefly a coal road, extending from Hoxie to PocahonAmerican Bicycle Co. Reduction of Nominal Capital
tas, Ark., a distance of about 15 miles.
A connecting line Stock.
The shareholders on Wednesday voted to reduce the
between Pocahontas and Poplar Bluff, Mo., is under conauthorized capital stock from $80,000,000 to the amount now
struction.— V. 73, p. 83.
listed on the New York Stock Exchange, viz., $9,294,900 preSouthern Pacific Co.— Improvements, In addition to such ferred and $17,701,500 common, a total of $26,996,400.— V.
improvements as are being included in operating expenses, 73, p. 844, 786, 782.
a considerable amount on account of improvements is being
American Car & Foundry Co.— Steel Car Plant in Operacharged each month against net earnings before the
tion. — The company recently placed in partial operation its
surplus from operations is shown. Thus for the eleven
months ended May 31, 1901, the company reported new steel car plant at Detroit. Tne plant will have a capacnet earnings of $24,690,373 and other income $697,540, a total ity of from forty to fifty steel cars a day.
Earnings.— In connection with the regular dividend payof $25,387,913.
Against this amount was charged fixed
announced this week the company submits the folments
charges and rentals $14,707,208, and betterments and additions to property and equipment $5,319,025, leaving a surplus lowing statement showing the net earnings and the disposifor the eleven months of $5,361,680. For the current fiscal tion of the same for the period ending Aug. 31, 1901:
year the appropriations for "betterments, additions and new Total surplus April 30, 1901, as per seoond annual report.. $5,074,950
Net earnings for four months ending Aug. 31, 1901
1,086,864
equipment" are on a still larger scale. The net earnings for
the two months ended Aug. 31 (as shown in V. 73, p. 835,
Total
$6,161,814
Deduct quarterly dividends paid Aug. 1 and ffov.l, 1901—
836) were $5,250,734; against this was charged $1,542,069
(3** p. o.) $1,050,000
for betterments and additions, and $2,724,020 for fixed charges Pref erred stock, each 1% p. o
Common stock, each one-half p. o.'($150,000)
(I p. o.)
300,000
and rentals, the balance surplus for the two months, after
—
—
adding $196,529 other income, being $1,181,174.—V.
73, p.
723, 445.
Balance Aug. 31, 1901, after deducting half-year's dlvs..$4,811,814
-V.
73, p. 723.
Co. Assents.— An official of the company
Springfield & Decatur Ry.— Bonds.— This
company,
which is building an extension of the Indiana Decatur & is quoted as saying that 95 per cent in interest of the shareWestern from Decatur to Springfield, 42 miles, has author- holders has agreed to exchange their stock for stock of the
new Quaker Oats Co. (V. 73, p. 680) on the basis of two
ized an issue of bonds.
shares of new preferred and one-half a share of new common
Springfield Jefferson City & Chicago Ry.— Mortgage.— for each share of old. The stock of the American Co. is
A mortgage has been filed in the Recorder's office of Greene $3,341,700. The exchange of the entire issue on this basis
County, Mo., to secure $5,500,000 forty-year 5 per-cent bonds, would therefore require $6,683,400 of the $9,000,000 new 6
issuable for the construction and equipment of the road
per cent cumulative preferred and §1,670,850 of the $4,000,from Springfield to Jefferson City, 121 miles, or other point 000 new common stock. The underwriting syndicate, it is
on the Missouri River. The company was incorporated in stated, will buy a block of the stock not needed for this exFeb,, 1900. William Woodburn, of Des Moines, Iowa, is change for
$700,000, this sum to be used for working capital,
President.
improvements and the completion of a new plant. The stock
West Michigan Traction Co.— Mortgage—This company of the American Co., it is said, will be held alive in the
is reported as making a mortgage for $2,500,000 to the treasury of the new company.— V. 73, p. 664.
American Cereal
Knickerbocker Trust Co. as trustee, covering the projected
between Kalamazoo and Benton Harbor, Mich.,
with branches, a total distance of about 90 miles. The company was incorporated in Michigan last August with $1,000,000 authorized capital stock. The road, it is said, will be
operated in connection with a steamboat line to be established
by the same interests between Benton Harbor and Chicago.
The shareholders, it is stated, include C. O. Hadley, New
York; C. W. Haight, New Haven, Conn.; F. A. Henshaw,
S. F. Maarchant, Martha B. Howard, S. N. Howard, H. J.
Jewett, L. B. Choates, C. B. Orvis and F. A. Woodbury of
,
trolley line
Chicago.
INDUSTRIAL. HAS AND MISCELLANEOUS.
Alabama Consolidated Coal & Iron Co.— Acquisition —
The company has acquired possession of the Mary Lee coal
property, situated at Lewisburg, Ala., about 5 miles from
Birmingham.
majority interest in these mines was purchased about two years ago, but foreclosure has been pending. The property is now cleared of all its incumbrances,
the ownership passing to the Alabama Consolidated Coal &
Iron Co, President T. G. Bush is quoted by the "Birmingham
News" as saying
A
American Cigar Co.
Acquisition.—This company has
the Brown
The capacity of the factory is
Brothers' Co. at Detroit.
reported as 40,000,000 cisjars annually. The consideration
paid has not been made public. V. 72, p. 1137.
acquired
by purchase the cigar factory of
—
American Ice Co.— Writ Dented.— Justice D. Cady HerSupreme Court at Albany, on Oct. 26, denied
the application of the company and President Charles W.
rick, in the
Morse, for writs of prohibition restraining Attorney- General
Davies from continuing the proceedings to ascertain if the
company has violated the anti-trust law. The application,
it is stated, was made for technical reasons, to enable the
company by successive appeals to bring before the United
States Supreme Court certain questions not passed upon by
the Court of Appeals in its recent decision, referred to in V.
73, p. 724- V. 73, p. 724, 617.
American Home Telephone Co.— Bonds Offered.— C. D.
Jr. & Co. of Chicago are offering for sale $625,000 of
company's $1,000,000 collateral trust 4 per cent $1,000
gold bonds, dated July 1, 1901, maturing July 1, 1921, annual sinking fund $10,000; principal and interest (January
and July) payable at office of fiscal agents, Chicago, New
Knapp
this
NOVEMBER
2,
THE CHRONICLE.
1901.
'
»
York. Above bonds are secured by depoBit with the American Trust & Savings Bank of Chicago, the mortgage tliutee,
of stock and bonds in the following companies:
On mil
On nid by
Total
block
Ainrriitut
Bomt
b\j
Aim n^ an
Home
iolut
lloials
Til. Co.
Oulslanit'y
$137,700
$107,000
$148,300
6%
$112,000
104,100
90.3C0
515,100
6%
88,100
57,000
57,000
57,000
6%
57,000
6<\000
53,400
55,000
6%
52.0CO
65,000
39,300
65,000
83.8CO
Elkhart County, Ind...
Port Clinton (O.) Home
S0.000
86,700
90,000
Telephone Co
Huntington (\V. Va.) Mutual Telephoue Co
Troy (O.) Telephone Co..
Plqua (O.) Home Telephone Co
22,600
22,600
22,600
85,000
35,000
79,700
35,000
85,000
35,000
63,000
62,800
63,000
6%
5%
6%
6%
6%
5%
Ouhlaiufg.
Kirhiuond (Iml.)
Home
Telephone Oo
Roma
(N. Y.)
Home
Tel-
ephone Co
Madison-Clark Teleph'e
Co.. London,
Home Telepho'e Co., Tlftln,
O...
..
County Telcphoue Co. of
Herkimer, N.Y
Home Telephone Co. of
$714,400
Total
$634,400 $716,000
1,1.
Co.
87,400
22,600
84,300
35,000
62,300
$634,600
BtreotB ot the city.
Julia* S. VYnlsh is President; lireckin
ridge Jones, Treasurer. V. 70, p. 78.
City & Suburban Lighting, Heat k Power Co. of Detroit.
—New Enterprise. This company wan recently organized
with $1,000,000 capital stock. J. D. Jl.twkrt in President;
Alex. McPherson, Vice- President; S. P, Aj
notary
and Treasurer, all of Detroit.
Dauniji Company of Cuba.—-IXrcuiar. Int« rests
with the Gramercy Sugar Co. (ste V. 72, p
organized this new company under the laws of New York with
$^,000,000 capital stock [of which $1,000, ot.O is 6 percent noncnmulative preferred] and have conveyed to it lree of d
the property of the Constancia Sugar Co., one of the largent
sugar estates in Cuba, controlling about 6u,000 acres " upon
which upwards of $5,000,000 has been expended by former
owners." A circular says:
—
—
—
:
consists of sugar plantations (with 8,000. acros of
889 head of horses, mules and oxen; centra!
factory for crushing oane; distillery for making rum; a narrow-gauge
railroad 50 miles in length (with 7 locomotives aud 33a cars); 130
miles of telephone lines; tug and lighters for conveying sugar from
plantation to Clenfuegos harbor, 10 miles distant. The value of the
central factory, distillery, railroad and equipment, etc.. Is conservatively stated to be $1,200,000; that of the landed estate, $1,000,000.
It is expected that the sugar lands now under cultivation, which are
only about one-third of those available, will produoe from 100,000 to
125,000 tons of sugar oane this year. The crushing of this amount of
The property
growing oane
this year);
The mortgage provides that there shall be deposited with
the trustee for every bond issued stock of the par value of
$1,000 and bonds of the par value of $1,000 of some of the oane
above companies, or $1,000 in cash.
The gross earnings of the above companies from date of
organization up to April 1, 1901, covering a total average
period of 16-81 months, are reported as $128,389, and for first
half of year 1901 as $60,048. Subscribers to the service of
the constituent companies on April 1, 1901, 7,194; on July 1,
The American Home
1901, there were 8,022 subscribers.
Telephone Co. was organized in 1901 under the laws of New
Jersey; capital stock authorized, $2,000,000; outstanding,
$697,800.
American Linseed Co.— Possi We Lowes.— There has been
speculation as to what losses, if any, the company sustained from cutting the price of linseed oil last August from
80 to 40 cents or thereabouts a gallon. The price was soon
raised again to over 60 cents a gallon, but some orders
much
are said to have been booked on the lower level, while on the
other hand the price of raw seed advanced temporarily from
$1 35 to $1 60 a bushel, which meant, it is claimed, a loss of
about $15 per barrel on oil sold at 40 cents per gallon. "Spot"
seed is now selling at $1 47 and oil at about 65 cents. Extracts from the last annual statement will be found on page
955.— V. 73, p. 662, 555.
American Sugar Refining Co.— On Unlisted List.— On Oct
21 the company's §7,500, OuO additional preferred and $7,500,000 additional common stock were admitted to dealings in
the unlisted department of the New York Stock Exchange.
V. 730,
p. 78, 617.
Ashland Emery & Corundum Co.— Consolidation.— This
company incorporated Sept. 16 under the laws of New Jersey, with $3,000,000 authorized capital stock, in $100 shares,
of which $500,000 is 6 per cent cumulative preferred, has
taken over the properties of the following companies :
Ashland Mills Emery Co. of Perth Amboy, N. J.; Diamond Emery
Mills Co. of Philadelphia; Jackson Mills Emery Co. of Eastou, Pa.;
Walpole Emery Mills of South Walpole, Mass.; Hampden Emery Mills
of Chester, Mass., and the Levant Emery Co.
The company owns emery mines in Chester, Mass., and
Peekskili on the Hudson, and it is said has an annual capacity of about 12,000 tons of crushed imported emery ore,
Of the
5,000 tons of native ore and 2,010 tons of corundum.
authorized capital stock, the present issue consists of $1,179,800 common and $178,000 preferred. There have also been
authorized and issued $400,000 of first mortgage 6 per cent
20 year bonds; there are no underlying bonds. The officers
and directors are
Officers: Lewis R. Speare, President antl Treasurer; C. Albert Sandt,
Vice President ana General Manager; E. Ray Spears, Secretary.
Directors Charles R. Flint, O. C. Barber, Lewis R. Speare, O. Albert
:
Ray Spears and T. G. Atkinson,
Atlantic Tube Co.— Sale.— This company's property at
Beaver, Pa., has again been sold at auction, this time under
foreclosure of a $100,000 mortgage made to the Pennsylvania
Title & Trust Co., as trustee. Charles P. Orr, supposed to
Sandt, E.
represent some of the old interests, bid in the property for
$50,000.— V. 73, p. 617.
Broken-Arrow Coal & Mining Company of St. Clair
County, Alabama.— Foreclosure.— Paul Komare of Atlanta,
Ga., the mortgage trustee, has brought suit in the United
States Circuit Court at Birmingham, Ala., to foreclose a
mortgage on which is due $107,750.
Burton Stock Car Co.— Mortgage.— This company recently filed a mortgage for $1,500,000 to the Portsmouth
Trust & Guarantee Co. of New Hampshire, as trustee, to
cure an issue of gold refunding $1,000 bonds running
fifteen years from Jan. 1 last.
The security for the loan,
it is stated, includes 1,915 palace stock cars and 4 19-100 acres
of ground with buildings in the Chicago Stock Yards dis-
trict.
A portion of the proceeds of the loan will, it is said,
be used for additions, improvements, working capital, etc.—
V. 71, p. 1014.
Citizens' Electric Light & Power of St. Louis.— Opti ations.— This company, wfcich in January, 1900, increased its
capital stock to $3,000,000 (from $1,000,000) has purchased
the elevator property at the foot of O' Fallon St., St. Louis,
for a power station, and is planning to lay conduits on several
will produce about 27,000,000 pounds of raw sugar between
January and J une next, worth In Cuba at least two oents per pound,
or $540,000. The Damuji Company expects to be able to increase the
total annual output In the near future to at least 450,000 tons of eugar
cane; and to seoure a net profit of $450,000 annually from the sale In
this country of its raw sugar produot, even under the present United
States tarlii'. Should any reduotion in the duty be made, as low seems
probable, the amount of profit would be increased in proportion. The
proposed reduotion of 25 per cent in the tariff on raw sugar would
add $109,000 to the profit on the produot of the present growing crop,
estimating it at 126,000 tons of sugar cane.
Of the capital stock, $900,000 of preferred was given at par
with a bonus of 50 per cent of the common stock, for $900,000
cash, which was used to acquire " all the Constancia properties free of encumbrances ot every kind, to provide for the
necessary improvements and extensions, and also to supply
working capital wherewith to cultivate the growing crop, so
that the entire amount realized from its sale—estimated at
$540,000— should be free and clear to the company." The remaining $100,000 preferred stock and $550,000 of common
stock in the treasury. Directors:
Albert H. Wlggin, stuyvesant Fish, Henry W. Poor and J. W. Doane,
New York; M. R. Spelman, President Grameroy Bugar Co., New
Orleans, La.
Mr. Spelman
is
President.
New
York
office, 18
Wall
St.
Detroit Mackinac & Marquette BB. Land Grant.— Purcha&e of Bonds.— Offers for tne sale of $250,000 of the company's land grant bonds are requested to be made on or before
Nov. 25, 1901, to James McMillan and Frederick E. Driggs,
trustees under the mortgage, 22 Telephone Building, Detroit.
V. 73, p. 786.
Distilling Co. of America. Competition.— The " Philadelphia News Bureau" says:
Geo. L. Woolsey is building a 5,000 bushel honse at Hammond, Ind.,
for a syndioate, and P. T. Corning & Co. are building a 5,000 bushel
—
house at Peoria.
This will
bushels capacity as against
— V. 73, p. 898,844,842.
make
in all five outride houses of 5,000
two 5,000 bushel houses owned by the trust.
—
Dominion Iron & Steel Co.— Operations. The two furnaces in operation produced in September 15,357 tons of pig
iron.
A third furnace was started last week. It is expected
that one half of the steel works and the fourth turnace will
be in operation in January next.— V. 73, p. 680, 661.
Electric Storage Battery Co.— New Officers.— Herbert
Lloyd, formerly First Vice-President, has been elected President, succeeding Geo. H. Day, resigned. V. 72, p. 578.
Electric Vehicle Co. — Board Decreased.— On Tuesday the
—
number of directors was i educed from thirteen to nine,
these directors retiring: Herbert Lloyd, Thomas J. Regan
and Daniel Shea. Directors are:
H. M. Byllesby. George Chapman, G. H. Day. P. T. Dodge, T.
Goodridge, Albert A. Pope, A. L. Riker, I. L. Rloe and F. C. Stevens.—
W
V. 73, p. 780, 495.
Emery Consolidation.— See Ashland Emery
& Corundum
Co. above.
Empire Consolidated
(Quicksilver
Mining Company of
New Jersey.— Purc/iase.— The company
has purchased for
about $5,000,000 the Sulphur Banks and Abbott Mines in
Lake County, and the Empire and Central in Colusa County,
Cal., and will increase the daily capacity of the mines from
175 tons to 255 tons by new furnaces, etc.— V. 72, p. 823.
Equitable Illuminating Gas Light Co. of Philadelphia.—
Output. The reports made to the city authorities of the sales
of gas for the quarter and the nine months ended Sept. 30 in
each of the last three years compare as follows:
—
Oubiefett—
Smonths
9 months
1901.
871.B15.760
3,109,204,250
1900.
744,151,110
J.774, 169,400
1899.
668,115,420
12,556,275.400
-V. 73, p. 393.
Galveston Wharf Co.— Mort (jage.— The company has filed
a mortgage to the Texas Guaranty & Trust Co., trustee, to
secure $1,000,000 bonds, of which $400,000 will be used to
take up indebtedness contracted to repair the damages occasioned by the storm of September, 1900. The remaining
$600,000 of bonds, it is stated, will be reserved against future
contingencies. The Southern Pacific Co. has recently opened
a pier of its own, and, it is stated, has some thousands of
bales of cotton stored upon it.— V. 71, p. 965.
THE CHRONICLE.
960
Glncose Sngar Refining Co.— Dividend Reduced.— A quarterly dividend of 1 per cent has been declared on the common
stock. This is a reduction in the annual rate from 6 to 4
percent. The regulhr \% percent on the preferred stock
announced.
Independent Plants.— The "Chicago Economist" savs:
It appears ihat tlie capacity of this oomp any'« workp is sufficient
meet the requirement*
(if
the trade, but there
In
is
IVol. LXXIII.
and surplus profits of $40S,131. For the year 1899
the net inoome wuh fl 10 155; for 19)0, $142,720; for the first
three months of 1901, $40,132. The new company has issued
to purchase the assets of the old concern, $500,000 preferred
$100,00(1
and $625,000 common stock, and for improvements and workto
a capacity out-ode
nearly equal to that of the blir company. The New York Glucose Company's plant at shady side (V. 72. p. 393) Is nearly oom Dieted, which
is expected to have a dally output of 1,200 barrels.
The largest independent concern at present is the United States QIUOOM I'oniiiany,
which Is controlled by the National Starch Co. It Is at Waukegau,
111., and Is said to have a capacity of from 1,000 to 1.200 barrels
dally. Besides the National Starch Co can turn out aboit 200 barrels
dally from its Glen Cove plant. The Charles Pope glucose factory has
a capacity of f>00 to COO barrels jier day. Thelatesl company, the
Illinois Sugar Refining Co. (V. 73. p. 49(1), with $1,000,000 capital,
has a plant in operation at Pekln, III., with an estimated oapaclty of
from 1,200 to 1,500 barrels per day.-V. 73, p. 8*2, 722.
ing capital, $250,000 preferred and $125,000
recht Brothers of Cleveland are interested.
common.
Lamp-
National Salt Co.— Injunct ion Asked— Failure to Pay
Trust Certificates.—On Tuesday an application was made
in this city to Justice William D. D.ckey at Special Term of
the Supreme Court by lawyers George S. Ingraham and John
H. Kemble, representing William M, George S., Roberts,
and Francis T. Ingraham, as holders of special trust certificates issued for acquisition ofthe stock of the United Salt
Co., for an injunction to prevent the transfer of the assets
and property of the National Salt Co. to the International
Salt C). Counsel for the plaintiffs said
In October, 1899, the National Salt Co. bought out the United States
Salt Co.
ho National was to pay a certain sum down and after five
years to hand over its own stook certificates. For over a year and a-
Gramercy Sugar Co.— See Datnuji Co. above.— V.72, p. 986.
Hackensack Meadows Co.— Transfer of Property— Mortgage.—The Hackensack meadow land owned by the Pike
estate, consisting of about 930 acres, was conveyed on Oct. half the National paid its certificates of indebtedness. Last February Its officers, in their report to the New York Stock Exohange
19 by the heirs of the estate for $1,492,180 to John R. Ferrier (V. 72, p 440, 286. 186) stated that the money so paid
was lawfully
and by the latter to Henry L. Spragae (one of the incorpo- owed, and that the oertifloatcs as to stock were valid obligations of the
rators of the Hackensack Meadows Co.), subject to $1,297,000 company. On the strength of this published statement various persons bought rights as to stook and certificates. In April last the Naof 1% per cent 20-year bonds, secured by mortgage to the tional Salt Co.
sought to repudiate its contract with the International,
:
'J
Standard Trust Co. as trustee.— V. 72, p. 1191.
Margraves Mills.— Bonds.—The shareholders voted Thursday on a proposition to issue $600,000 mortgage bonds to pro-
vide for floating debt, etc. Owing to the opposition of
minority shareholders, the consolidation with the Parker
Mills, which was proposed a year ago, has not been carried
out.— V. 70, p. 1098.
Of the $1,000,000
Henderson Bridge Co.— Exchange.
stock, $501,000 has long been owned by the Louisville &
Nashville RR. Recently the greater part (about $330,000) of
the minority stock was exchanged, $ for $, for stock of the
L. & N. through the Fidelity Trust & Safety Vault Co. of
Louisville.
A portion of the stock also is held in the Bridge
Company's treasury.—V. 73, p. 723, 444.
—
and began an action In Ohio, alleging that it and the United Salt Co.
had entered into a conspiracy in restraint of trade by uniting as a syndicate and controlling the salt trade. The defendants in that aotlon
were the innocent purchasers of rights to stook in the National Salt
Co., having bought on the representations of the officers of the National. The National refused to make payment on the oertifloates of
indebtedness due last July.
Judge Dickey yesterday granted a temporary injunction.
V. 73,
p. 794, 725.
New England Brick Co. —New Officers.— A. E. Locke
Adams & Co. of Boston recently succeeded John E. Parry
of
as
President. Geo. B. Perry is Vice-President and Thomas
Lacey Secretary and Treasurer. The Executive Committee
is composed of the above and John E. Parry and E. W. Capen.
—V. 73, p. 845.
Pacific Improvement Co.— Sale of Huntington Stock.—
Co., Ariz.— Sale.
company's property, consisting of a 21-mile canal or Tne interest of the Huntington estate in this company's
irrigating ditch and dam across Salt River, together with stock, comprising 25 per cent of the $5,000,000 issue, has
water rights, was advertised to be sold Oct, 26 in foreclosure been sold to Gen. Thomas H. Hubbard.
The company
at Phoenix, Ariz., by Hugh H. Price, receiver and special has sold its holdings of stock in the Southern Pacific and the
master. The amount due is $135,910, with interest at 7 per Mexican International, but it still owns a large amount of
cent from June 1, 1899, besides other charges, including city andcountry property in San Francisc J, Oakland, Alameda
costs, aggregating in all about $13,000.
The upset price is and other parts of California, including the Hotel del
Monte, It also owns lands in Texas and coal mine3 near Ta$15,000.
International Navigation Co.—New Vessels.— This com- coma and in British Columbia. There is also an intere3t in
pany, whose fleet until rdcently comprised nineteen steam- the Guatemala Central RR. (V. 68, p. 724). Gen. Hubbard
ships, representing a total tonnage of about 114,000 tons, has now has a half interest in the Pacific Improvement Co. and
put in service within a few months three additional vessels the Crocker and Stanford estates each a quarter interest. The
having a total tonnage of 34,003, and is building three others company has an office at 25 Broad St., this city. Geo.
of equal tonnage. Tne company's headquarters are in Phila- Crocker is the President.— V. 69, p. 1013.
delphia. The "Philadelphia News Bareau" on Sept. 18 said:
Pacific Packing & Navigation Co.— Selling Company.—
Of the three new steamers already In service the Vaderland, 580 The Pacific Selling Co., with
$1,000,000 authorized capital
feet, went on about six months ago; the Zeeland, 580 feet, about three
and one-half months ago. and the Ilaverford, 530 feet, made its stock, has been incorporated in New Jersey to take over the
Highland Land & Water Co. of Maricopa
—The
maiden vovage from Southampton to Now York early In September.
The Merlon, one of the other new steamers, 530 feet, is being built at
Clyde Bank by the John Brown & Co., Limited, and the remaining
two of the second trio, the Finland and the Kroonland, 580 feet each,
are under construction at the Cramps' yards, this oity. The 580-fooc
steamers cost about $2,000,000 each, and the 530-foot something less,
thecostofthe six probably aggregating around $11,000,000. Payment is to be made from the prooeeds of the first mortgage 5 per cent
bond issue whloh was authorized in February, 1899. to the amouut of
$20,000,000, to refund the old first mortgage 6s and to provide funds
for the construction of additional steamers. Tha terms of payment
for the new steamships are part in cash and the remainder in two
years. The growth of the company's trafHo is represented t>y the tonnage of the six new steamers, aggregating 69,000, or an increase of
nearly 60 per cent. But this is the growth of probably three years at
least, and therefore the business may in a general way be said to have
shown an average increase of 20 per cent per annum.— V. 71, p. 33.
National Bridge Co.— First Dividends. This new company has declared its first quarterly dividends, viz., \% p r
cent on preferred stock and 1J4 per cent on common stock,
payable Nov. 6, on stock of record Nov. 4. Of the $1,500,000
capital stock, $750,OCO is cumulative preferred. The stock is
held by voting trustees, namely, Hiram G. Moe, Arlington
H. Mallery, L. M. Jones. Charles W. Smith is Secretary.
—
Office, 45
Broadway. -V.
73, p. 141.
—
National Flax Fibre Co.—Status. The shareholders' investigating committee, consisting of John M. Russell, Treasurer of the Crompton & Knowles Loom Co., Worcester;
Fred. A. Wild of the A. T. Atherton Machine Co., Pawtucket,
and Fred W. Easton of the Easton & Barnham Machine Co.,
Pawtucket, is reported to have found the company's affairs
in an unfortunate condition. The floating obligations aggregate, it is said, $70,000, and in addition there is outstanding
a mortgage for $30,000. Of the $5,000,000 capital stock (in
shares of $5 each) about $4,300,000, it is understood, is out-
From the proceeds of the stock sold partial payment was made on 200 looms with 2,000 spindles, which were
standing.
placed in the mill at Millis, Mass.; four tow mills also were
acquired in North Dakota.— V. 73, p. 845, 85.
National Refining Co. of Delaware.— New Company.
This company was organized a short time ago with $1,500,000 of capital stock in $100 shares, of which $750,0
is 8 per
cent cumulative preferred, to take over and extend the busi
nees of the National Refining Co. of Ohio. The last named
company was organized in 1884 and has been profitable, its
final balance sheet showing outstanding capital stock of
—
&
business of Delafield, McGovern
Co., and act as selling
agents for the Pacific Packing & Navigation Co.— V. 73, p.
618, 394.
Padncah (Ky.) Gas Light Co. Incorporated.— This company was incorporated in Kentucky on Oct. 4, with $125,000
capital stock, as successor of a company of the same name,
whose property was sold on March 20 by order of the United
States Court.
of Peoria, 111.,
Among
the incorporators are
Thomas
Coffee
and F. A. Lane.— V. 72, p. 630.
Parker Mills of Fall River.— Bonds. —The shareholders
voted on a proposition to issue $600,000 mortgage bonds to
provide for bills payable, etc. It has been found impracticable to carry out the consolidation with the Hargraves Mills
The bonds will be offered to the
as proposed a year ago.
shareholders. See Hargraves Mills above.— V. 70, p. 1098.
People's Gas Light & Coke Co. of Chicago.—Favorable
Decision— Appeal. —Judge Hanecy of the Cook County Circuit Court on Oct. 28 decided against District Attorney
Deneen in his quo warranto motion attacking the Consolidation Act of 1897. (See V. 73, p. 349.)
The State appealed
from the decision, and was given twenty days in which to
file a bill of exceptions.
A friend of the company is quoted
as saying:
'•Judge Haneoy's decision
is
the best the
company ever
had.
It
cov-
ground on whloh the company was attaoked. It decides
the Consolidation Aot of 1897 as legal, and it holds that the publio is
muoh better served by one company than it would be by ten companies. An Important point of the decision is that quo warranto proceedings do not lie, Inasmuch as the people are not interested. This
makes the oompany free from attack as regards Its status in Cook
County."—V. 73, p. 902, 680.
New Certifi ates. From Nov. 4, 1901, interim certificates
for the $4,300,300 new stock will be exchanged for the engraved stock certificates at the Central Trust Co., No. 54
Wall St. See balance sheet on page 953.— V. 73, p. 902, 680.
ers fully the
—
To Increase Limit of
St. Paul Union Stock Yards Co.
Debt.—The shareholders will vote Nov. 7 upon a proposition
amend article 4
same shall read as
to
of the articles of incorporation so that the
follows: " The highest amount of indebtedness or liability to which said corporation shall at any time
be subject is the sum of $2,500,000."—V. 67, p. 435.
EP* For other Investment News see Page 964.
NOVEMBEU
2,
THE CHRONICLE.
1901.]
qjorts
MINNEAPOLIS &
KKPORT
ANNUAL
w Yohk, September
Ni
and Jpomwcuts.
THE
80th, 1001.
President and Board of Directors submit herewith
their annual report of the oompany for the pear ending
J'h.-
June
MILEAGE.
Owned:
Mites.
*»-*«'•
259 90
Au^us, Iowa
to lloi'hliiH. Minn., gd track,
.
to
957
Miles.
21542
Hopkius. Minn to Wutertown, S. D
Kulo Junction, Iowa, to K alo, Iowa ,.
Maullou Junction, Minn., to Tonka Bay, Miuu
Wlnthrop, Minn., to Stomi Lake, Iowa
.
l
-
46
1*46
153 50
63178
Operated Under Trackaob Rights:
Minneapolis, Minn., to
St.
Paul,
1011
Minn
2d track, 10-11 Miles.
641-84
Total single track
Total second track
1968
661-52
120 07
Total single track operated
Sidings
78159
Total miles of single traok and sidings
At the close
mained about
of the year ending June 30th, 1000, there reG4;i8 miles to complete the Southwestern Extension from Eslherville to Storm Lake, Iowa. This gap
was closed on August 19th, 1900. increasing the 567*85 milts
of single track owned, as at June 30th, 1900, to 681*78 mil
The average number of miles of road operated for the
year (excluding second track) was
1 9 miles, an increase
of 11S97 miles over the previous year.
With the exception of 10*52 miles of iron rails in sidings
and the.Kalo Branch (1'46 miles), all of the foregoing
78l"59 miles are laid with steel rails
The portions of the road owned by this company extending from East Minneapolis to White Bear Lake, Minn. (1309
miles), leased to the St. Paul & Duluth Railroad Company,
and from Albert Lea. Minn., to the Iowa State Line (18
miles), leased to the Burlington Cedar Rapids & Northern
Railroad, are not included in the foregoing table of mile( » ; i
:J
-
age.
INCOME FOR THE YEAR.
The gross
receipts
and expenses
for the year
were as
fol-
lows:
EarningsPassenger
IWail
Express
Freight
Sundry
Total
Operating expenses
Increase during the Tear. Percent.
This Tear.
$703.8*6 26
76,733 31
61.745 44
2,413.133 55
20,065 12
$101,989 77
3,754 16
16 95
5,577 18
295,580 21
9-93
13 96
5,29260
3583
$3,275.503 68
$112,193 92
1,848,68464
248,17642
14-40
15-51
514
Earnings over operating ex
penses
12-99
$1,426,819 04
$164,017 50
Earnings over operating expenses as
above
$1,426,819 04
Interest from Investments
$38,923 50
Trackage and oilier rentals
136,56183
Miscellaneous Income
13,32162
188,806 85
Total receipts.
$1,615,625 89
Deduct for:
Taxes
Interest on funded debt
Trackage and other rentals
$107,932 73
897,220 00
56,710 81
Leaving a surplus of
From this surplus for the year the following
amounts have been deducted
Dividend of 5% on preferred stook
Dividend of 4% on common stock
JUNE
1901.
80,
17-11 per ccni.
Th<
2*019 cents as against 3*022 oents in the previou
r
mile was
>tnl
earnings Bhow an im
pat
f $101,preoed ing year, and
or 16*08 per cent ovei bb<
mainly to the Increase in the number of p
and partly to an increase .if 8*20 per cent in the aver
The
1
i
r.
haul per passenger.
of the total passengers carried, through
90*20 per oent.
9*74 per cent and local passi
The earnings from through passengers were $201,404 88, an h
its,
of $87,041 40, or 22*54 per oent, and from local
121 08, an increase of $64,048 28, or N B5 pei cent.
The freight traffic, both in volume of tonnage carried and
revenue earned, also shows a gratifying increase. In earnings the increase was $295,530 2(, and funned 7:.' per cent ol
the $412,198 92 increase in total gross earnings for the year.
Tons of commercial freight carried one mile increased
per oent, but the average rate re:i(i. 145,724 tons, or 20 70
ceived per ton per mile was only 1*145 cents as against 1 212
cents in the previous year, a decrease of -007 cents.
The frrain tonnage was 575,199 tons, an increase of 150,642
tons: the total agricultural tonnage was 840,982 tons, an increase of 117,21 1 tons. The tonnage of live stock was 44,071 tons, an increase of 7,407 tons, and the tonnage of lumhe tonber was 378.491 tons, an increase of 63,580 tons.
nage of manufactured articles was 147,783 tons, a decrease
of 16. 965 tons, and of merchandise and miscellaneous freight
185,557 tons, an increase of 22,084 tons.
The toiiDage of anthracite and bituminous coal was 134,141
tons, a decrease of 26,294 tons as compared with last year,
due to diminished shipments of bituminous coal from the
New River District of West Virginia. The movement of
bituminous coal from Duluth, however, exceeded the movement from there last year, and while the aggregate tonnage
of this class of coal shows a decrease, the earnings therefrom
show an increase arising from better rates obtained during
the year.
Tne aggregate number of tons of commercial freight
carried was 1.766,287 tons, an increase of 16 ',904 tons, or
10-02 per cent.
Sixty-four per cent of the total commercial tonnage carried and 52 per cent of the earnings from freight were derived from through business.
The average train load of commercial freight increased
from 251-39 tons in 1900 to 288 74 tons, a net increase of 37 35
tons, or 14 86 per cent.
The freight train earnings per mile were $3 31, as against
$3 04 in the previous year, an increase of 27 cents per mile,
which was due wholly to the improvement made in train
i
i
-
1
-
-
-
loading.
The Auditor's Table No. 8, page 20 of pamphlet, shows in
volume and character of the freight carried
detail the
during the year.
OPERATING EXPENSES.
The
ratio of expenses to gross earnings was 5644 per cent,
as against 55-90 per cent in the preceding year. Compared
with the preceding year, under their respective four general headings, they were:
1,061,833 54
$553,762 35
ENDING
VKAli
980
30th, 1901.
Minneapolis, Minn
RAILROAD COMPANY.
ST. LOUIS
FOR
<J<>1
For—
Inc. during
the Year.
This Tear.
Maintenance of Way <t Structures.
Maintenance of Equipment
Conducting Transportation
General Expenses
$594,753 64
307,046 40
F41.353 30
$^0,349
8,299
149,898
9,628
105,53130
82
19
92
49
Per
cent.
1562
2-78
21-68
10-04
:
$200,000 00
240,00000
440,000 00
Leaving a net surplus for the year of
:.
$113,762 35
be seen from the foregoing statement of income
that the year just closed has been one of exceptional prosperity for your Company. The growth in traffic and the
increase in revenue during the year indicate that the section of the Northwest served by your lines of road shared in
the general prosperity prevailing throughout the country.
The gr«ss transportation earnings advanced over those for
the preceding year in a marked degree, the gain being $412,198 92, or 144' per cent. Operating expenses increased $248,176 42, or 15-51 per cent; and this is due both to a liberal
outlay of expenditures in all departments and to additional
cost incurred in moving the increased volume of traffic,
the result being a net increase in earnings over operating
expenses of $161,017 50, or 12-99 per cent.
Dividends of 5 per cent on the Preferred Stock and 4 per
cent on the Common Stock, aggregating §110,000, were paid
during the year, leaving, after providing for taxes, interest
cm funded debt, and all other fixed charges, a surplus of
$113,702 35 from the current year's operations.
The passenger traffic, both in numbers carried and revenue
accruing therefrom, increased in a most encouraging man
ner.
The number of passengers carried was 857,937, an increase
of 102,121 passengers, or 13-51 per cent; and the number
carried oae mile was 34,859,713, an increase of 5.100,522, or
It will
$1,848,684 64 $248.176 42 15-51
table No. 9, page 21 of pamphlet, shows
these expenses in detail, comparison being made with the
previous year, mention is made here of only such items as
were materially affected by greater charges made during
the year for improvements and additions, or for increased
cost of operation.
Total
As the Auditor's
Maintenance of
Way
and Structures.—The
increase
in the expenses of this department has been due to an increase in the mileage operated and to greater charges for
tie and rail renewals, for new buildiugsand re-arrangement
c
f
grades.
There were replaced with new rail weighing SO lbs. to
the yard, 20-87 miles of traok; with new rail weighing 70
lbs. to the yard, 8-13 miles, and 2639 miles of rail weighing
50 lbs. to the yard were removed and replaced by the
heavier rail taken up from the other sections of the track,
at a cost of $71,898 65.
There was expended for ballasting
58*20 miles of track with gravel, $47,105 53, and for tie renewal, $86,287 23. For revision of grades, $15,285 65; for
11; and for
construction of 3 miles additional sidings,
new station buildings and improving station yards, $34,|
884 13.
Auditor's table No. 12, page 21 of pamphlet shows in dethe character and condition of the structures, roadway
and track at the close of the year.
Maintenance of EQUIPMENT. The expensesof this department include §50,768 00. the cost of four new 19x26 tentail
—
THE CHRONICLE.
9(52
[Vol.
LXXDI.
wheel passenger engines; $9,75659 for rebuilding 25 stock
cars and $18,506 92 to replace ">l cars destroyed, condemned
or retired from service.
Tables No. 10 and II. pages 22 and 38 of pamphlet, show
the equipment owned, its condition and the character of
repairs made thereon during the year.
Conducting Transpobtation— The expenses of this delarger than tin v were in the prepartment were $1 19,898
ceding year. The increase, however, is commensurate with
the increase in mileage operated and the greater volume of
The equipment generally was maintained in good order,
although so heavily taxed throughout the year by continuous use. Four 19x28 pi
r engines were purchased and
put in service during the year, and tin- e<^t thereof charged
to operating expenses.
As 51 cars were h^troyed «r r<
tired from service during the year, the value of such cars,
as in the previous year, was charged to operating expei
and the Equipment Renewal Fund credited with a sum sufficient to replace the cars with standard cars of equal
transported.
In station service there was an increase over last year
of $18.5(52 01, due to an increase of 28'14 per cent in the
number of miles of road operated and 1084 per cent in the
number of tons of freight handled at stations. In wages
paid trainmen, enginemenand roundhousemen there was an
increase of $39,179 74, and the cost of locomotive fuel, $44,508 01, due, in both instances, to an increase of 12*80 per
cent in revenue train miles, 20 70 per cent in ton miles,
and 17*14 per cent in passenger miles.
The Auditor's tables No. 6 and 7 of pamphlet show the
density of traffic and the economies effected in train service
and in the loading of cars.
General Expenses.— "With the exception of legal expenses and the cost of insurance, the apparent increase in
these expenses is due to changes in classifying the salaries
of the clerical forces in the general office at Minneapolis.
The increase in the cost of insurance is due to the higher
rate paid for insurance on the Company's property.
The funded debt of the Company was increased during
the year by the sum of $851,000, being the par value of additional four per cent first and refunding mortgage bonds,
issued to reimburse the Company for actual cash expended
out of its current receipts from the operation of its lines for
the purchase of real estate additional to that described in
the first and refunding mortgage, dated March 1st, 1899, and
equipment and for improvements and betterments made to
the properties covered by said mortgage. These expenditures have not been made good to the Company by the sale
of the bonds, but the bonds issued therefor are held in its
treasury.
The transportation earnings for the year just closed were
the largest in the history of the Company. It is at this
time difficult to forecast whether the same volume of traffic
can be maintained during the present year. The outlook,
however, is most encouragirig, as the reports from the
Northwest indicate that the present year's crops will equal
the yield of last year's.
The Auditor's tables Nos. 1, 3 and 4 appended hereto show
in detail the assets and liabilites of the Company, and the
receipts and disbursements for the fiscal year.
The Board desires to acknowledge its appreciation of the
faithful and efficient manner in which the officers and employes in all departments have discharged their respective
duties.
By order of the Board,
;)•_>
tratlic
-
GENERAL REMARKS.
The physical condition of the property was fully maintained during the year, and the same policy of improving
the roadway and track during the ensuing fiscal year will
be continued. It is expected that the work now in progress
revising the grade between Albert Lea and Waseca, and
,
the re-ballasting of that part of the track with gravel will
be completed before the close of the calendar year.
$28,384,258 20
Securities—
First Consolidated 5% bonds
First and Refunding 4% bonds.
Minnesota Transfer Ry .Co.bonds
&
$282,000 00
551,000 00
stock
87,000 00
Cash
Agents and Conductors
$267,561 45
40,820 49
United States Post Office Department..
19,677 60
Minnesota Transfer Ry. Co
1,027 63
Individuals and Companies
66,028 90
Material, fuel and other supplies
244,772 18
...
$6,000,000 00
4,000,000 00 $10,000,000 00
18,151,000 00
Current Liabilities—
Audited vouchers
Audited pay-rolls
Interest accrued on bonds to date, but
$90,199 29
98,332 08
notdue
Coupons due, but not presented
191,865 83
32,799 75
413,196 95
Deferred Liabilities—
639,888 25
Taxes accrued, but not due
$64,094 15
54,767 00
172,037 74
Rolling Stock replacement fund.
Deferred Assets—
Lake Park Hotel
Other property
$17,785 22
15,957 11
Unadjusted Accounts
33,742 33
$29,927,888 78
Total
$174,300 00 held In the Treasury,
(b)
1st,
June
June
1st.
1st,
1st,
1 st,
Dec.
Apr. 21st,
Nov.
Mar.
1907
1907
1927
1909
1910
1921
1934
1st,
1st, It 4
—^—
290 898 89
1,072,792 94
$29,927,888 78
Total
2.-8TATEMENT OF FUNDED DEBT.
Name and
When Due.
Jan.
Jan.
——
Balance from No. 4
$39,600 CO held in the Treasury.
NO.
1879
Dec. 1st, 1880
Apr. 1st, 1881
Nov. 2d, 1894
Mar. 1st, 1899
(a)
$28,151,000 00
920,000 00
Date of Issue.
Common Stock
Preferred Non-cumulative Stock (b)
Funded Debt as per Table No. 2
Current Assets —
2d,
President.
Capital Liabilities—
Cost of Road and Equipment
June
HAWLEY,
LIABILITIES.
ASSETS.
Capital Assets—
Jan. 1st, 1877
Jan. 1st, 1877
Feb. 1st, 1877
E.
OF ROAD, ASSETS AND LIABILITIES.
NO. l.-COST
(a)
capacity.
Minneapolis
Character.
& Merrlam Junction
First Consolidated
First and Refunding
Amount
Sate.
Outstanding.
$280,000 00
455,000 00
950,000 00
1,015,000 00
636,OCO 00
1,382,000 00
5,282,000 00
§8,151,000 CO
7
7
7
7
I
5
4
Interest
Annual
Payable.
Interest.
May & Nov.
& July
July & Deo.
July & Dec.
July & Dec
Apr. & Oct
May & Nov.
Mar. & Sept
Jan.
$19,600
31,850
66.500
71,050
44,520
82,920
364.100
326,040
00
00
00
00
00
00
00
00
$906,580 00
$18,151,000 00
$282,000 00 of this issue remains In the company's treasury.
$ $551,000 00 of this issue remains In the company's treasury.
Note.— First and Refunding 4 percent gold bonds, authorized issue under mortgage
$25,000,000
Less: Reserved to retire and refund prior lien bonds
$10,000,000
Reserved for future acquisitions and construction
16,849,000
6,849,000
Amount
NO. 3.—INCOME
ACCOUNT FOR FISCAL YEAR ENDING JUNE
DISB UMSEMENTS-
Issued,
$8,151,000
30TH, 1901.
RE0EIPT8-
Taxes
$107,932 73
Interest on funded debt, viz.:
Minneapolis & Duluth 7% bonds
$19,600 00
Minneapolis & Merrlam Juno. 7% bonds.. 31,850 00
Merriam Juno. & Albert Lea 7% bonds
66,500 00
71.05000
Iowa Extension 7% bonds
South western Extension 7 % bonds
44,520 00
Pacific Extension 6% bonds
82,920 00
First Consolidated Mtge. 5% bonds
264,100 00
First and Refunding Mtge. 4% bonds
316,680 00
Earningsover operating expenses, No. 5
Interest from Investments
Interest, discount and exchange
Miscellaneous reoeipts
Profit from operation of Lake Park Hotel..
$1,426,819 04
38,923 50
$150 40
12,905 43
265 69
13,321 52
Rental of terminal facilities
Trackage and other rentals
$78,40135
58,160 48
136,561 83
897,220 00
Rental of terminal facilities
Trackage and other rentals
=
$14,47174
42,239 07
56,710 81
Balance, being net surplus for year carried
to profit
and
loss
553,762 35
$1,615,625 89
$1,615,625 89
November
2,
THE CHRONICLE
1901.
NO. 4.-PROFIT
AND LOBB JUNE
DEBIT—
Dividends on Stock:
Five percent on preferred
Four per oent on common
80TH, 1901.
OICL'DITBalanoe from last year
Surplus for the year from Income Account,
$200.000 00
340,000 00
r595,191 50
as above
$440,000 00
Expenses In connection with the Issue of
tlrHt and refunding mortgage bonds
Balance carried to general balance sheet,
29,877 86
1,072,792 94
No. 1
Total
963
$1,542,670 80
503,762 35
Proceeds realized from sale of
1 ,000 shares
St. L. common stock In treasury
of M.
expenditures
For capital
charged to operations In prior years transferred to cost
of property
&
100,000 00
.
293,716 95
Total
$1,542,670 80
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
for the fiscal year ended June 30, 1901, is re-
your Company
spectfully submitted
There has been no change in the Funded Debt or Share
:
Capital.
As indicated by the annual report for 1900, it is the
your Board of Directors, when full value is offered,
policy
to sell
property not necessary or requisite to the operation or preservation of the parent and constituent companies. Following this line of policy, a contract was made in the early part
of the year for the sale of a part of blocks 285 and 325, in
tide lands owned by the Company in the City of Seattle, for
The proceeds will be deposited with the Trustee,
|295,000.
and will be available for re-investment.
In order to meet the growing demands of traffic to and
from Alaska, a contract has been made for the acquirement
of the steamer "City of Seattle," and the purchase of the
business, good will and charters of the Washington & Alaska
Steamship Company, operating between Puget Siunri and
southeastern Alaska ports.
It
is
believed that this
transaction will be profitable and advantageous to the
of
Company.
A
contract was awarded April 2. 1901, to the Risdon Iron
Locomotive Works. San Francisco, for the construction
of a wooden vessel, for service between San Francisoo and
southern California ports, to be delivered February 1, 1902.
Capacity, 1,000 tons cargo, seventy-five first and forty second
&
cabin passengers. Speed, eleven knots per hour. It is believed by the management that a wooden vessel is better
adapted to this particular service than a steel vessel.
The passenger and cargo vessel "Spokane,'" particulars of
which were set forth in the last annual report, was launched
the Union Iron Works, San Francisco, March 29,1901.
1>
1
Owing
The
to the labor troubles this vessel
"Willamette,*
is still
unfinished.
-
carrying 1,000 tons of coal,
sailed from Comox, March 16, 1901. Shortly after clearing, a
dense fog set in and the vessel went ashore on Denman
Island.
Efforts to release her failing, notice of abandonment was served on the underwriters, who paid the full
amount of insurance. The Moran Bros. Co. succeeded in
floating the "Willamette." A contract has been entered
into by your Company to purchase the collier when repaired and improved as directed by our Consulting Engineer, to be delivered March 15, 1902.
The "Orizaba." under charter to the contractor engaged
in laying cable for the United States Government between
St. Michaels and Nome, Alaska, on Sept. 17. 1900, while under slow bell, struck an uncharted rock five miles northwest
of St. Michaels. The Board of Survey reported the ship a
total loss, and she was accordingly sold for the benefit of
the underwriters, who paid the full insurance. December
17, 1900, the "City of Topeka," en route from Skaguay to
Seattle, struck the southeast end of Sullivan Island (thirty
miles from Skaguay) during a blinding snowstorm. The
cost of salving and subsequent repairs was paid by the underwriters, and the vessel returned to commission on Mav
collier
22,1901.
Various causes have contributed to the decrease in receipts of the Alaska steamship route, among which may be
enumerated the rate war which followed the dissolution of
the Alaska Steamship Association on April 26, 1901, and
continued to the close of the season; the increase of competition; the substitution of the "Senator" in order to maintain the schedule, in place of the "City of Topeka," out of
commission for five and a half months; and also the loss of
service of the new steamer "Spokane," in processor construction, which would have been completed in accordance with
the contract with the Union Iron Works except for the
machinists' strike in San Francisco.
In making a comparison between the steamship earnings
of last year and the present season, it should be noted that
for the year ending June 30, 1900, firm rates prevailed, with
great business activity in the territory served by the Pacific
Coast Steamship Company, competition was less keen, and
we enjoyed reasonably remunerative charters for the "City
of Puebla" and "Senator." In the past year, with the exception of one tripof the "Queen" to Honolulu, and the engagement of the "Orizaba" for laying cable in Alaskan waters,
none of the steamships owned or operated by the Pacific
Coast Steamship Company was under charter.
30,
1901.
The Puget Sound and San Francisco, Northern California
and Cape Nome routes show satisfactory increases. Passenger traffic responded to the improved service to the extent
While the tonnage and passengers carried
of 16 per cent
increased on the Mexican route, net earnings slightly decreased, owing to the rate war which prevailed November
and December, 1900. The decline in business caused the
withdrawal of your Company from the Oregon route OctoEarnings continue to increase on the Columbia
ber, 1900.
and Puget Sound Railroad. Freight rates were maintained.
Passenger rates were revised and reduced approximately 20
per cent. The service generally was improved, and roadbed,
structures and equipment maintained to a degree consistent
with economy in the conduct of transportation.
The reduction in Pacific Coast Railway earnings is in part
accounted for by the elimination of the lumber yard profits,
separate exhibit of which is made in this report, but it is
mainly due to the prevailing drought, which diminished the
tonnage of wheat, barley and other cereals. The bountiful
harvest of this season, however, insures good earnings for
this department for the next year. Economies were effected
wherever possible The roadbed and equipment were well
maintained and are in condition to move the large crop harvested this season. The earnings of the Port Towrjsend
Southern Railroad continue unsatisfactory. It was necessary to expend $13,290 82 on the maintenance of roadbed
and structures.
The Coal Department shows a handsome increase. Notwithstanding the inroads fuel
nia market,
oil
is
making
in our Califor-
believed the increased industrial activity
throughout the entire Pacific coast, together with the assured supply of high grade steam coal produced at our
Franklin mines at a reasonable cost, will insure the continuance of profitable operation.
The strike inaugurated by the International Machinists'
Association of the United States May 15, 1901, is still in
progress, and restricts the fuel requirements and increases
the cost of handling, and in consequence decreases the
earnings of the coal depots at San Francisco and Oakland.
So far as this Company was interested, the strike was symit is
On May 15, 1901, an amicable understanding was
readied and the Pacific ("oast Steamship Company entered
into a contract for one year with the Marine Firemen and
Sailors' Unions of the Pacific.
The concessions involved
additional outlay by your Company, but the contraet wabelieved to be in the best interests of all concerned. Towards
the close of July differences between the Teamsters' Union
at San Francisco and their employers resulted in a strike.
Notwithstanding the faithful observance by the Pacific
Coast Steamship Company of the spirit and letter of the
contract, as acknowledged by our employes, and that no
issue had in the meantime arisen, the firemen and sailors
left our service and were followed by the longshoremen,
Schedule service, however, is practically maintained, although at some increased expense and the heavy general
business offering, with the exception of grain, is expeditiously haniled. The delay experienced in the discharging
of grain at San Francisco and common points limits the
tonnage of this commodity carried.
The past year has witnessed unusual increase in population extraordinary development of the varied resources and
consequent prosperity throughout the entire Pacific coast.
The prudent and liberal policy of the transcontinental rail
roads towards the territory in which your Company is
pathetic.
directly interested, the rapid and substantial growth of
manufactures generally, and the constantly extending market, domestic and foreign, for all products of this Coast,
chief among which we may mention cereals, lumber, prec
ious metals, fruit, salmon and other sea food, coal and oil.
insure continuation of the prevailing favorable conditions.
IMPROVEMENTS AND BETTERMENTS.
Columbia & Puget Sound Railkoad Comfant.
The following improvements, mentioned in last annual
report, page 5. have been completed:
Cold Storage Plant, Virginia Street and l.ailroad Atenue,
Seattle
Brick building, 112x120 feet, two stories and basement:
corrugated iron warehouse, 112x240 feet, one story and basement; wharf and warehouse, H'>s.\192 feet.
THE CHRONICLE.
964
leased for a term of years to the United
All
Wan-house
Company.
Ocean and Cily Dock
Site,
Block
toy.
Railroad Avenue,
1
,
Railroad and lis Equipment.
revision of 9,138 feet, main line and side tracks, in
the vicinity of Franklin, referred to in the last annual re-
The
port, has been completed.
To improve grade and alignment
and afford necessary facilities for new town and Company's
store at Lawson, 2,000 feet of track were re-located and constructed. The development of industries necessitated extensions to sidings and spurs aggregating 8,468 feet. The
of 928 lineal feet of trestle bridges is progressing.
additional standard coal cars have been constructed
in our shop; ten more are in course of construction. Eleven
box cars were purchased, one standard locomotive transfilling
Twenty
ferred from the Port Townsend Southern RR., and one
Mogul purchased.
Franklin Minks, Nos.
The improvements outlined
and 7.
annual report are
being drawn from Vein
1, 2,
3
in the last
steadily progressing. Coal is now
No. 12. The output of these mines will be largely increased
during the next fiscal year. Bunkers are being constructed
and the following plant has been installed: 3 125-horse
power boilers; 3 standard fans, 1 air compressor; 2 duplex
pumps; 2 hoisting engines; 3 power drills. One boiler house
and six miner's houses have been erected and five rebuilt.
Quaker Oaks Co. Assents.— See American Cereal Co.
above.—V. 73, p. 680.
Robinson (111.) Water, Light & Heat Co.— Bonds Offered.
—Henry M. Sweetser & Co. of Evansville are offering $24,400
of this company's first mortgage gold 5s dated May 15, 1901,
and due in semiannual instalments. Capital stock, $70,000;
bonds $70,000, of which $25,000 reserved for improvements
and ice and heat plants. The Mayor and City Clerk have
attached to each bond a certificate bearing the seal of the
city and binding it to pay to the trustee (the American Trust
& Savings Bank of Chicago) $3,100 yearly in monthly instalments to provide for the payment of principal and interest
as they mature.
St. Paul Union Stock Yards Co.— See page 960.
Siegel-Cooper Co.— See Simpson Crawford & Simpson be-
low.— V.
70, p. 949.
Simpson, Crawford
Henry
& Simpson.— Change
of Ownership.—
who
recently retired from the Siegel-Cooper
Co. last week arranged on behalf of a new corporation to be
formed to purchase the business, stock and real estate of the
dry goods and department store of Simpson, Crawford
Simpson on 6th Ave. between 19th and 20th streets. The
property includes a new 7% story building, having a frontage of 200 feet on the avenue and covering about two-thirds
of the firm's land, part of which is leased from the Astor
estate.
Possession will be taken Jan. 15, 1902.
Siegel,
Lawbon Mink.
has been extensively developed. Standard fan,
and compressor have been installed and the top
works generally m proved. Thirty miner's houses and a
This
engine
Wash i nylon and Jackson Streets, Seattle.
Warehouse 13. — Brick building, fire-proof, 130x206 feet,
three stories; Pier C, wharf and warehouse, 100x400 feet,
completed and occupied by tenants under lease for a term
of years; Pier B, wharf and wan house, J 1x400 feet, completed and occupied by Pacific Coast Steamship Co.; Pier
A, wharf and warehouse, 72x400 feet, to be completed and
occupied by Pacific Coast Steamship Co. Dec. 1, 1901.
Slip between Piers A and B, 120x480 feet, and slip between
Piers Band C, 96x400 feet, both dredged to depth of thirty
Railroad track connections have been
feet, mean low tide.
provided for each warehouse and wharf. The improvements
are modem and first-class in every respect, specially pre?ared piling having been used in all water front structures,
he cost will be wed within our estimate.
,
&
United ttas Improvement Co.— Sales of Gas in Philadelphia.— See Equitable Illuminating Gas Light Co. of Philadelphia above.—V. 72, p. 934.
United States Tarbon Co. of Cleveland, 0.— Sale Nov. 7.
— This
company's property is advertised to be sold at reon application of the Cuyahoga Savings &
Banking Co. at Cleveland on Nov. 7. The property has been
appraised at $130,604, and cannot be scld for less than twothirds of such appraised value. Walter D. Sayle is leceiver.
United States Cotton Duck Corporation.— New President,
Etc.—TrenoT L. Park has been elected President to succeed
Richard Cromwell. Thomas J. Hayward and Hugh L. Bond
Jr. have been added to the board.
Mr. Park is the senior
member of the firm of Catlin & Co. of New York. Mr.
Cromwell remains as a director. V. 73, p. 1241, 1140,
Western Bank Note & Engraving Co.— Called Bonds.—
Bonds Nos. 9, 51, 57, 71 and 88, issued under mortgage dated
Dec. 31, 1897, have been drawn and will be paid at 102 and
interest at the Manufacturers' Trust Co., Brooklyn, Dec. 2.
ceiver's sale
—
&
field
i
Company's
store have been erected.
Coal Obskk Mike.
steadily extended, preparatory
to largely increasing the output when the market warrants.
Newcastle Mine.
Six hundred and ninety-live feet of rock tunnel was
driven through fault to develop 80.000 tons of coal.
The experience of the past year confirms the conch,
expressed in the last annual report, that the deduction from
our income of five cents per ton mined is ample to insure a
fund equal to the amount invested in your coal lands and
plant.
It will be observed from the balance sheet that a
balance of $72,277 85 stands to the credit of Coal Lands Depreciation and Renewal Fund.
As indicated in the annual report for 1900, the "City of
Puebla" received new boilers and extensive repairs to hull
and machinery, at a cost of $117, 590 67. The "'Pomona" received like treatment at a cost of $29,268 62. There was
expended in addition to the ordinary up-keep, and charged
to operating, $71,290 47 on the following ships "Bonita,"
"City of Puebla," "Cottage City," "Queen," "Santa Rosa,"
"State of California," "Walla Walla." Contracts have been
The gangways have been
:
awarded for new boilers, general repairs and alterations to
hull and machiaeryof the "Walla Walla" and "Bonita," the
work to be completed early in 1902. Other steamers will, in
their turn, and as they can be spared from {service, receive
needed attention. The age and condition of the fleet necessitates the treatment of two or more vessels each year.
Your Board of Directors wisely increased the annual addition to the Steamship Depreciation and Renewal Fund from
$125,000 to $200,000. The e is a credit balance to this
fund on June 30, 1901. of $325,955 12. This, with the annual
increments, will, it is believed, be sufficient to improve
your
H.
fleet.
W. CANNON,
Chairman.
J.
President
D.
FARRELL,
and General Manager,
Green Lake Granite Co. of Utley, Wis.
Waupaca Cruehed Granite
The leading
<fe Stone Co. of Waupaca, Wis.
spirit in this consolidation is Mr. William B.
Baker
of
Chicago (President of the new company), who controls the distribution of the entire production of crushed granite and granite paving
blocks within a radius of 500 miles from that city The present total
capacity ol the plants included is over 125.000 cubic yards of crushed
granite per annum, which is susceptible of a large increase at a light
expense.
The estimated annual earnings are stated at $236,450; expenses, $150,700; surplus, $85,750; which is equal to more
than 14 per cent upon the $600,000 capital stock. The preferred stock will participate equally with the common in all
surplus earnings above six per cent paid on the latter.
Fall particulars regarding this offering will be found in the
advertisement on page x. of to-day's Chronicle.
Westinghouse Electric & Manufacturing Co. New Plant.
The company has bought some 600 acres of land for a new
town site and foundry plant at Stewart Station on the Pennsylvania
a short distance east of Pittsburg, Pa. The
town will be known as Trafford Park. The company has
now three foundries, one in Pittsburg, one in Allegheny and
a third in Cleveland, and it is intended to consolidate the
Allegheny and Cleveland foundries in the new town. Two
other towns have been built up by the company, namely
Wilmerding and East Pittsburg.— V. 72, p. 631, 395.
White Mountain Paper Co.— New Pr ject.— This company was incorporated in New Jersey on Monday with $15,000,000 of authorized capital stock in $100 shares, of which
$5,000,000 is to be 7 per cent cumulative preferred, to build a
large plant, probably at Portsmouth, N. H., for the manufacture of book, maiiila, news and other kinds of paper.
Those interested deny that the company will absorb existing
paper concerns, but say that its new mill will have a capacity
of 500 tons of paper daily. An issue of $10,000,000 of first
mortgage 5 per cent 30 year f 1,000 sinking fund gold bonds is
proposed.
The company has acquired 625 square miles of spruce and
poplar timber land in New Hampshire and Maine, scuth and
east of Mount Washington.
William B. Plunkett of Adams
will be the first President. Others interested are William
Whiting of Holyoke, George B. James of Boston, John C.
—
RR
,
Morgan, George H. Robinson and Col. John J. McCook of
York, and Gardiner Hall of South Willington, Conn.
The incorporators are John C. Morgan and George H. Hansel of 149 Broadway and John Milton Ferry of 120 Broadway.
The company's office is at No. 149 Broadway. New Jersey
office, Corporation Trust Co. Building, Jersey City.
New
1901.
Western Consolidated Granite Co.— Bonds.— John J. P.
Odell
Co. of Chicago are offering at par, $100 per share,
$250,000 of this Illinois corporation's $3C 0,000 six per cent
cumulative preferred stock.
Common stock, $300,000, of
which $50,000 in treasury. Our Chicago correspondent sends
the following:
This company has been formed by a combination of the following
quarries and manufacturing plants:
Wisconsin Granite Co. of Abelman, Wis.
Western Granite Co. of Devil's Lake, Wis.
Illinois & Wisconsin Stone Co. of Berlin, Wis.
[Vol. LXXIII.
— Mr.
A. A. Lisman of 25 Broad Street announces that he
prepared to trade in all marketable tractiou and industrial
issues, and is able by arrangement with leading privatewire firms to quote out-of-town securities accurately and
promptly.
—Messrs. Fisk & Robinson, 36 Nassau St., New York, and
40 State St., Boston, have issued a November list of investment securities which gives much valuable information relating to the particular securities that are included in the
is
circular.
November
9,
THE CHRONICLE.
1901.,'
965
COTTON
ghjc (fromxtxtvcml Qimcs.
Friday Niqht. November
COMMERCIAL EPITOME.
Friday Night, Nov. 1, 1901
Encouraging reports have continued to be quite generally
As a ml- both
wholesale and retail merchants have been fairly well engaged, and with comparatively few exceptions prices have
been well maintained. The absence of speculative trading,
however, has been noted in many instances, due largely to
the fact that values ruling are on a basis at which buyers
received of the condition of general business.
have not been disposed to anticipate their wants much in advance of current requirements. In speculative circles prices
for cotton have shown a considerable decline, the effect of
favorable weather for the maturing of the late crop and increased crop estimates.
Rains in the winter wheat belt have
been favorable for the new crop.
Lard on the spot has been weaker, prices showing a considerable decline, but business has been quiet, buyers being
slow to operate even at the break. The close was quiet at 9c.
for prime Western and at 8-50@8-70 for prime City. The demand for refined lard has been qivet and prices have declined
from the South to-night, Is given below, For the week ending
evening the total receipts have reached 406,290 bales,
against 420,447 balee last week and 361,949 bales the previous
week, making the total reoeipts since the 1st of Sept., 1901,
2,057,112 bales, against 2,220,683 bales for the hhidc period of
1900, showing a deoreaseslnoe Seit. 1, 1901, of 163,571 bales.
this
««c*tpu at—
Specula-
market for futures has been quiet, and prices have
declined under fairly full receipts of hogs and lower prices
for the same. The closj was qu.et.
DAILY 0LO8IHQ PRICES OF LARD FUTURES.
Hon Tut*. Wed. Tkurt. Pn.
Sat
Ootober...
940 9 20 912 910
November.
905 9 00
The market for pork has been easier, and at the decline
there has been some improvement in business. The close was
steady at $15@16 for mess, $17(5)17 50 for family and $17 7>@
19 00 for short clear. Cut meats have bsen quiet but fairly
steady at 7@7>£c. for pickled shoulders, 10@10^c. for pickled
hams and 9@9%c. for picked bellies, 14@10-lbs. averBeef has oeen dull but steady at $9 50@10 for
age.
mess. $10® 11 for packet; $U@12 for family and $18
extra India
Tallow has
mess in tcs.
<glS 50 for
been quiet and unchanged at.o £c. Stearines have been easier,
closing at lOJ^c. for lard stearine and lie. for oleo stearine.
Cottonseed oil has had a moderate sale, but prices have
weakened to 37c. for prima yellow. Batter has had a modtion in the
>
erate jobbing sale at steady prices, closing at 15@22J£c. for
creamery. CheeBe has been quiet but steady at 7@10%c.
for State factory, full cream.
Fresh eggs have been in small
supply and firm for best grades, closing at 23j. for choice
Western.
Brazil grades of coffee have been quiet. Toe trade gener
ally has been a slow buyer at the higher prices ruling.
A
continued free movement of the Brazil crop and large available supplies have had a tendency to offset the reports of a
reduced yield from the next Brazil crop, and prices have
shown
a 'tendency to sag.
The
close
was quiet
at 6
7-
16c. for
Rio No. 7. West India growths have been quiet and unchanged at 8j^c. for good Cucuta. East India growths have
been quiet but steady. Speculation in the market for contracts nas been less active and prices have weakened under
liquidation by recent buyers. The close was quiet but
steady.
Following are the closing asked prices:
Nov
6 00o. March
635o. July
670o
Deo
610o. May
655o. A.Q&
680o'
t
6150. June
660c. Bept
690o'
sugars have been dull and easier, re flrcting weaker
cable advices from Europe on beet sugar, closiDg at u';i<s. for
Jan
I
Raw
centrifugals, 96 deg. test., and 3 5 16c. for muscovado, 89deg. te?t. Refined sugar has been quiet and easier, closing
at 5c. for granulated. Teas have been in fair demand and
firm.
Hon.
Mat.
l
Tucb
Tkun
Wed.
fr\.
|
>alveston..... l-.OJO 15,854 30,120 14,24 V 16,2C_' 18,126 111.027
Sab. Pass, 4c.
1.981
1,981
Mew Orleans. 15,801 16,548 31,369! 22,063 39,643 ..,302 120.97*;
Hoblle
1,875
2,2t0| 1,936
670
2,078
574
9,393
8.C04
ensaoola, Ac.
8,004
savannah.,
9.595 13,348 17,117
9,774 11.471
9,307 70.642
Bransw'k.Ac.
3.887 14,335
10,348
85".
8.C85
2,037
iharleston....
J.448
1,078
1,837 10.910
56
Pt. Royal, Ac.
56
2,364
viimmgton...
2,055
1,860
2,4
],167
2,417 12,274
U
......
22
4,463
5,680
Wash'ton.Ao.
or folk ....
V'p't
6,007
3,481
786
290
744
7,915
News. Ac.
Mew York
ioston
ialtlmore
.....
,
closing dull at 9 '40c. for refined for the Continent.
IW1.
I.
[HE Movement OP THE CROP, as lndloated by our telegram*
•hlladel'a,
296
100
1.0C0
week 55,845 59,738
rot. this
66
1,343
165
Ac.
2,832
175
22
32,048
4,502
3-'«
208
531
135
185
2,319
C_'4
1,648
451
25ti
6,7£0
2,250
2,272
2,147
70
93,8781 59,040 87,476 50,818
The following shows the week's total reoelpta. the total since
and the stook to-night, compared with laetyear.
tept.1, 1901,
1900.
1901.
Receiptt to
Nov.
1.
TM$
Since Sep.
1, 1901.
week.
few Orleans 120,970
1,
1900
1901.
1900
447,540
159,984
7,419
764.720
51,912
23,095
421,688
205.199
--
».
•
150,706
29,599
199,569
18,999
115,720
321
16,954
84.954
7,822
28,996
18,963
9,851
30,768
3,340
46,432
11,000
6,321
4,847
36,234
332
77,000
14,000
3,599
2,179
406,290 2,057,112 300.453 2.220.683
625.053
651,362
9,393
8,004
Savannah... 70.642
Sr'wiok.Ao. 11,335
iharleston.. 10,940
P.Royal.Ac.
56
Vllmlngton. 12,274
Vasb'n, Ac.
22
Norfolk
32.048
531
S'portN.,Ac
Mew York... 6,780
2,250
Baltimore .
2,272
3 nlladel.Ao.
2,147
'8»cola,Ao.
Totals
Stock
Since Sep
653,889 102,923
1,027
6,366
533,452 100,394
56,161
5,907
25.530
4,885
373,261 35,373
39,568
3,081
75,712 11,160
00
85
108,064
6,667
97
33
133,156 13,354
2.126
2,425
19,647
1,015
11.866 10,381
11,151
1,178
7.C00
565
lalveston... 111,027
Sab. P., Ac.
1,984
J
This
week.
29.013
127,458
93
141,061
-•-
-•
268
147,385
6,818
4,869
3o,229
2,391
2,141
In order that comparison may be made with other years,
vegive below the totals at leading ports for six seasons.
Receipts
mt—
Jalves'n.Ao.
1900
1901.
113,011
1899
103,950
savannah...
Morfolx
70,642
10,996
12,296
32,048
News, Ao.
mothers...
534
35 794
35,373
11,215
6,700
13.354
2,425
21,105
wk. 406 290
300,453
Ao
vum'ton, Ac
Jbae'ton,
M.
rot. this
133, £21
79,769
59.636
7,935
39,033
8,223
13.372
13,323
Mew Orleans 120.970 100,394
rfoblle
0393
5,907
1897.
1898.
1896.
384
723
13.315
54,179
82,388
102,568
7,493
64,193
40,107
15,995
27,641
663
26,284
234,990
456 181
367,632
94,929
18,420
69,668
30,418
20.635
33,388
68.287
92,413
9,858
39,183
22,189
13,633
34,175
304.983
578
24,837
'inoe 8ept. 1 2057,112 2? 20.683 2035,787 2725.863 25^2,864 2636,022
The exports for the week ending this evening reach a tot al
423,393 bales, of which 210,266 were to Great Britain, 71,721
o Franoe and 141,406 to the rest of the Continent. Below
ire the exports for the week and sinoe Sept. 1 1901
Wuh MnMnt Nov. 1, 1901
from 8tpt. 1. 1001. to Bov. 1. 1001
jf
.
Kentucky tobacco has had only a limited
but prices
Saed leaf tobacco has been in fairly
sale,
have held about steady.
active demand and on a steady basis of values. Sales for the
week were 5,500 cases, as follows 5,000 cases 1930 crop, Wisconsin Havana seed, 16@l7c, and 500 cisea 19J0 crop, Pennsylvania seed leaf, ll@lli0.; also 203 bales Havana at 35@
75c. in bond and 175 bales Sumatra at 60c. @$l 80 in bond.
A quiet market has continued to be reported for Straits
tin, but prices have been without important crunges. closing
at 24'75@25c. The demand for ingot copper has shown no
improvement, being of a hand-to-mouth character. Prices
quoted have been unchanged at 16%@17c. for Lake. Lead
has had only a limited sale and the prices have been unchanged at 4 37 1^c. Spelter has held steady at 4 373 {a. Pig
iron has been in good demand and firm at $13@15 50."
Rsfiaed petroleum has been unchanged, closing steady at
7-65c. in bbls., 875c. in cases and 5'lOc. in bulk.
Naphtha
has been unchanged at 9 05s. Credit balances have been unchanged at$l 30. Spirits of turpentine has weakened slightly,
closing quiet at 33}£@39c. Rosins have been quiet but steady
at $1 42J>£@1 45 for common and good strained.
Wool has
had a slightly better sale at steady prices. Hops have been
gmt
:
,
dull.
BriVn.
70,030
<ab.Pasi.Ao..
<»w Orleans. 60,841
doblle
10,734
83,158
....
10,219
'
^'port N..
1 33.18
483,801
1,380
1,8:0
382.687
18,198
10,116
7,540
0.003
130,021
2.'.727
12.775
85,508
8,860
6,513
11,975
20,1*8
26.506
38.105
53.881
00,077
11,602
61,638
7.620
M.fli'5
100,171
1
11.183
14.3i:2
5,038
5.t'82
5,406
15,11
376
8,000
6,105
87,018
82.839
12,170
200
710
1000
1,800
7,502
ll.itoO
15,05s
i2
3.105
lorwi
234,133 120,603
Iota.
156.011
8.050i
8,811
•>~».i
Continent.
101,591
Ac.
•Mladelphla..
an Fran., Ac.
Or tat Prance
Britain.
45,003 136,758
7,5461
7,618
7,986
27.710 51,188
0,078 10,292
*ort Royal....
VllmlnRton...
Norfolk
Wuk.
17,0 JO 188,708
80,(511
.'harieiton....
lotal
Continent.
France
7,085
-truntwlok
BxvorUd to—
Mz9orttd to-
SxvorU
>rom—
200
210.260
71.721 141.400 433.308
891,31
U4.«"9
1R>7K iss>n »a« sin
«8fl 4
8.075
Ob.787
6,106
155.830
800
83,139
li.306
23.536
200
800
11.885
11,865
j
193.383
000.020 1.180.311
OS
HS313
Bfll.POJ 1.US.TKI
THE CHRONICLE.
966
In addition to above exports, our telegrams to-night also
give us the following amounts of ootton on shipboard, not
We add similar figures for
oleared, at the ports named.
Mew York, whioh are prepared for our special use by Messrs,
Lambert* Barrows, Produce Exchange Building*
[Vol. LXXIII.
tfOTUBES.— Highest, lowest and closing prlcee at New York.
OM SHIPBOARD, MOT CLEARED FOR—
Learning
Nov. 1 at—
Great
GerOther CoastBritain tr'nee many. For'gn wise.
New Orleans
Galveston
Charleston
Mobile
22,388
82,599
24,300
7,340
10,000
22,000
5.300
10,000
128,318
77,385
91.420
9,614
19.599
14,?34
71.760
29,396
84,318 20.232 35.621 3?,91l 20,947 183,937
441,726
9,87 5 8 362 2,925 0,0 * 2
36.401 H.370 2->,096 11,929
10,(500 ft. 5 00 7,200
Savannah
6,:t
. .
10
Other ports
Total 1901..
Total 1900..
Total 1899..
144
803
1,000
i'.ooo
lo.ono
3.C00
3,000
5,000
New York
Hock..
Total.
19" 000
"'400
i',900
3,000
2,000
'
Speculation in cotton for future delivery has been moderately active, but at declining prices. The feature has been
the satisfactory weather conditions throughout the cotton
belt, which have been favorable for the late cotton. Some improved crop accounts have been received, and there have
been estimates made public indicating a better yield than
previously counted upon. The crop movement also has
been large, and this, too, has had a depressing influence,
although many contend that the present large receipts are
only temporary, and that in the near future they will show a
decided tailing off. At the decline it is reported that there
has been rather more buving by the Continent, but the de-
mand from
the United Kingdom has generally been spoken
of as being of a hand-to-mouth character. The trade situation abroad has not been reported as showing any material
improvement. In this country, however, business in the
cotton-goods trade has continued fairly satisfactory. Latest
information from Fall River is to the effect that there will
be no strike of the cotton millb' hands. To-day there was a
There was
fairly active market, but at a decline in prices.
considerable selling, prompted by favorable weather and
crop news and the large crop movement. The close was
steady at a net decline for the day of 6@12 points. Cotton
on the spot has been easier, cloeing at 7^8°- f° r middling
nplands.
The rates on and off middling, as established Nov, 21, 1900,
by the Revision Conmittee, at whioh grades other than
middling may be delivered on contract, are as follows.
o. l^eon Strict Good Mid. Tinged. o. 3, 8 ob
Fair
Middling Pair
\ on Good Middling Tinged
Even
>ion Middling Tinged
Strict Good Middling
*e ofl
5 ieon
Good Middling
Strict Low Middling Tinged
&jofl
3 16 ofl
Middling Stained
i«ofl
Strict Low Middling
7 ieofl StrlotLow Mid. Stained... mofl
Low Middling
Strlot Good Ordinary
h off Low Middling Stained
l*«ofl
limofl
Good Ordinary
On this basis the offioial Drioes for a few of the grades for
the past week— Oct. 26 to Nov. 1— would be as follows.
Sat.
Itton
Good Ordinary. ....
75, 6
7*s
Low Middling
715 16
8^
Middling
Good
8 3 16
8»9
Middling..... ...........
Middling Fair
9*>
GULF.
Sat.
Good Ordinary.
Low
7»8
8
8^16
79l6
8 s*.
,
Good Middling..
(5
Middling Fair...
9»8
3TAINED.
15
16
Low Middling
Middling
Strict Low Middling Tinged.
Good Middling Tinged
7»a
6?8
7*2
ah
K-
5
16
8%
1
1897
1896
1895
1894
6
8i8
9
5%
7\
713 16
8*4
b 9 is
9
»\
93 16
83l«
* L2
81B 16
6H 16
7Hl6
7ifl
8
713 16
» 3 16
7*8
7 9 16
8
7 15 16
at
88s
Fri
7%
7\
7l,e
83l8
8 1*
8"ia
£>
8 78
Tfa.
79,6
715 16
7"l6
Fri
638
738
7»«
7'8
New York
on
been as follows.
1885. ...0. 9*3
1884
S'e
1883
109,6
1882
109,6
1881
115a
1880
1H 18
115 16
1879
97 ie
1878
1893. ...0. 83 16
85 16
1892
1891
883
978
1890
10*9
1889
913 16
1888
9»8
1887
93 16
1886
ie
7 7e
w
6>n
for middling upland
for each of the past 32 years have
1901....0. 7's
9Ba
1900
1899
73a
£5 16
1898
7*8
73, 6
The quotations
Nov.
8ii
8"l6
6 9
7'8
838
»7
6?8
79l6
8
Mon Tuea Wed
Sat.
Fri
flo 16
fc
815, e
Th
Mou Tnen Wed Th
Middling...
Middling
7h
Tnee Week
1877.. ..0.11i8
1114
1876
1875
13 7e
1874
14»8
1873
14's
1872
1871
1870
1934
18%
17
MARKET AND SALES.
The total sales of cotton on the spot eaoh day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns whioh show
at a glance how the market for sports and futures olosed on
same days.
Spot Maiikbt
closed.
Futures
Market
Closed.
Saturday .. Quiet <& steady. Steady
Monday.... Quiet at 3 16 deo. Steady
Tuesday . Quiet at 3 16 dec steady
Wednesday yalet at lie dec. Easy....
Thursday.. }Qulet
steady
Friday
Quiet at lie dec. Steady
Sales of Spot
Ex-
Oon-
Con-
$ump.
tract.
2,420
400
. .
Total
I
„
& Oontraoi.
port.
,
429
429
35
600
118
126
3,699
I
total.
2,420
300
700
35
1,029
400
518
1,100
1,226
1,800| 5,928
wc oo
w
1
I
I
I
I
I
00
WW
I
9
OO
H"M
00 00
0
o
c.cii
2>
OO
cc
09
oo
oo
I
9
I
9
cc
to©
I
9
oo 00 00
»<£
to to
99
eh
6
w*»
I
dr.
a*»
9
1
9
00
co ©
ca»
**o Of
00 -90 00 •vIO
WW
WWOOO
—'
00 ww WW
9
9
9
9
9
9 19 19
OO
OO 00 OO OO "?' 00
*W
WW WOl WOJ
*W ww WW
com (CO cow
1-0 IOW WM CBb3
00 00 00 00 00 00 OO
cc*.
- w
cow f-co
OO) ico oo MC *»to WW
00 CO
9
9
9
9
•
9
9
9
00 00 00 00 00 -ao OO 00
cow cow cow
*.c
w
^•w
«to QOM 00*- 00
wts a w
00
OO 00 00 00 OO 00
coco
— ~ *>*• ** ** +
w
00 00 OO M»0
WH" too Of- 19
9
9
9
9
9
9
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- ££
w WW
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WW WW
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9
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434,414
688,212
91,042 23.369 75,646 7.132 19,759 216,948
60,088 25,499
64, 172--' 20,612 170,671
UPLANDS.
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The Visible supply of Cotton to-night, as made up by
to
00
I
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
Nov. 1), we add the item of exports from the United States,
including in it the exports of Friday only.
Stocfc at Liverpool...... bales.
1901.
159,000
7,000
166,000
18,000
64,000
1900.
305,000
15,000
320,000
15,000
93,000
1899.
733,000
2,000
735,000
24,000
156,000
1898.
635,000
Stock at London
5,000
Total Great Britain stoos.
640,000
Stock at Hamburg
17,000
Stock at Bremen
114,000
Stook at Amsterdam.... ......
1,000
1,000
Stock at Rotterdam
200
200
200
20O
Stook at Antwerp
.-...
3,000
4,000
8,000
3,000
Stook at Havre...
82,000
42,000
159,000
50,000
Stock at Marseilles
2.000
4,000
4,000
2,000
Stock at Barcelona
62,000
20,000
32,000
17,000
Stook at Genoa
5,000
5,000
10,000
24,000
Stook at Trieste
2,000
12,000
15,000
7,000
Total Continental stocks
432,200 285,300
181,200 179,200
Total European stocks. ..." 347,200 499,200 1,167,200
£25,200
India ootton afloat tor Europe
16,000
43.0OC
3,000
19,000
Amer. ootton afloat for E'rope. 842,000 802,000 550,000 884,000
Egypt. Brazll.&c.aflt. for E*pe
47.0O0
37.000
41,000
57,000
Stock In Alexandria, Egypt... 117,000 100,000 142,000
113,000
Stock in Bombay, India
137,000 188,000 181,000 181.000
Stook in United States ports.
625,653 651,632 S58.833 1,082,092
Stook in U. S. Interior towns.
525, 30
573.525
513,959 646,125
United States exports to-day.. 105,612
33.661
48,712
25,784
Total visible supply
2,762,595 2,868.455 3.630,992 3,847,529
Of the above, totals of American and other descriptions are as follows:
.
1
American101,000 253,000 668,000 555,000
140.000 157.0O0 38(3,000 231,000
Amerloan afloat for Europe... 842,000 802,000 550,000 884,000
United States stock
t25,653 651,632 858,883 1,082,092
513,959 646,125 573,525
United States Interior stocks. 525.130
25,784
48,712
United States exports to-day.. 105,612
33,664
Total Amerloan
2,339,395 2.411,255 3.134,792 3,374,329
£ast Indian. Brasil, <tc—
Liverpool stock
65,000
80,000
58,000
52,000
Londonstock
5,000
7.000
15,000
2,000
54,200
Continental stocks
41,200
22,200
46,200
19,000
India afloat for Europe
16.000
43,000
3,000
41,000
.47.000
Egypt, Brazil, Ac, afloat
37.000
57,000
113,000
Stook in Alexandria, Egypt... 117,000 100,000 142,000
137,000 188,000 181,000 161,000
8took in Bombay, India
Total East India, &0
423,200 457,200 496,200 473,200
Total American
2,339,395 2,411,255 3,134,792 3,374,329
Total Visible supply
2,762.595 2,868.455 3,630.992 3,847,529
4i 32 d.
.3d.
Middling Upland, Liverpool..
59«2d.
4'i6<i.
79 16 o.
5Bi 6 c.
Middling Upland, New York..
7 7so.
99, 6 o.
7Sad.
Egypt Good Browu, Liverpool
SSid.
49i6<L
5i5ied.
62o 32 d.
77 16 d.
63id.
Nom'l
Peruv. Rough Good, Liverpool
49
ei^d.
4>«d.
Broach Fine, Liverpool
3H&.
32 d.
7
4-i
5i
3d.
3 8 (L
rinnevelly Good, Liverpool...
19 d.
32 d.
bales.
Cg~ Continental imports past week have been 101,000
The above figures indicate a decrease in 1901 of 105,860
bales as compared with same date of 1900, a loss of 868,397
bales from 1899 and a decline of 1,084,931 bales from 1898,. j
Liverpool stook...
Continental stooks
bales.
November
THE CHRONICLE.
1901.]
9,
At thb Intbriob Towns the movement— that la the receipts
since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1900 -is set out in detail below.
week and
for the
Quotations FOB MIDDLING COTTOH at Oihi.k Maukets.—
Below arc closing quotations of middling OOttOD it Southern
and other principal cotton markets for MOO day ol the w.-ek.
Week
e nti
my
ffo*. 1
7*
Mobile
HavHunah...
7»*
7»16
7>u
S9
a
C*
•
™B.
!
3
•!•••?•••
£.
*o
M
W -J £. M rfk_M W
•
M
IJP-
>-•
i-
^oococococococoasa3tooc:t05550Coo<cOM*i
(-•co^c»'-»Ji- oooowtt<»u<ccii-Jaoi^aoyit5#'CO'®tooc;i,
,
to
*»•
<yt
* 7 ie
Augusta
734
Memphis
7 *8
7
7^
Louis
7 7e
7*8
7 '8
7 '8
8Vi
B>«
78*
734
8i«
8i«
*» jui—CJ<ac>-'aDj<o3coi->c»<05'-
,
toa>o«"OCi»'- co050tooaDacou«ocoot"~iaD«>OiCt-'if-B-i-'yio
,
M
^xooi-'
CO
tO
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eoi-"^
00 00 «J*- CO*!-""— 00
M © © C" ~Q< *Vl
to
«
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kO OS
M
M
eocotOji^<icotop>-<co_MM
tOtO^-lV «1 I- ©"— Wc» -J wVo
ac-jMj-x.'Oias'. j-.c-iKi; to co oc c. — -c o to &» #• O ~j — co c +coaos^JOOp^cowtoce»-coif»-. o<w©c:»-if^rf»->-'©>-oiii^oa©oii-'
M
01
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132
tO Cn
8
83l8
7Ti 6
7»«
734
j
8
7» 16
83,8
7-18
7««
7°.,
v>
7 7«
8^
TM
77, 9
7^
8%
7-'l6
7»b
7»
8
8
8»8
7*4
8%
w
closing quotations to-day (Friday) at other important
Atlanta
Charlotte
7"4
7J«
738
Columbus Qa
6 Ts
Columbus, Miss
Kufaula
Rock ...
Montgomery.
7
Little
. .
7»ia
NashvlUe
Natches
7»4
Raleigh
Shreveport
7Hi
7»e
7>4j
telegraphic ad-
Picking has consequently made excellent progress; is stated
to have been completed in some districts and is reported to
be about finished in many other districts.
Galveston, Texas. No rain the past week. The thermometer has averaged 72, ranging Irom 64 to 80. Month's rainfall
fourteen inches and nine hundredths.
have had rain on one day of the week,
Abilene, Texas.—
to the extent of four hundredths of an inch. The thermometer has ranged from 60 to 84, averaging 72.
Erenham, Texas. There has been no rain during the
week. Average thermometer 71, highest 85, lowest 56.
Corpus Christi, Texas. It has been dry all the week. The
thermometer has averaged 73, the highest being 80 and the
—
* M kO kO -J I* tO « Hi CO * 03
10
1
.
8*
7 7 18
7>f
2*ia
7*i«
7»8
73g
vices from the South this evening indicate a continuation of
satisfactory weather for crop gathering during the week.
ex
©^*; - p^»paD*.pp
WoTtO #»"<» CT.'Vl «l V| O5"»'co"to'l^ ©31 r* 05 V" CO>- M CO © <1 <1 Os"*.
00^OiQC<lC0-JO05: Oi»-«)tO»OJ«05CCO'Ci<OC00 050SCtOO<*-«'eO
com wn-'Oi c: y o-*i ^- (-< <i 3^ o 03 to to o tn o i- -q m *) o O oo i- co co
od«jcoo5
.
V '^«8
8>«
7'ifli
738
73«
Weather Reports by Telegraph.— Oar
1
"to
.
Athens
"to
kOi^r-'co
-
8
H<>8
The
~i
7»8
Southern markets were as follows.
w f to to to to f 05 >- co to to + to f en to CO -J
» © cojt- o »^> to a wa* c to p w ~ w v> to ©ji*j-j_-3 «^ p w «> w
od
* to co-j o © ao >*«a**M
«a w -J o> ao © a.V as
ts
to
ao
ciaVac
cos'U'>cctoioo:too»-'to
— a>
03-1*.^
7^4
1U
I'hllailelplila
Cincinnati
Louisville
oo
7*
8
.
Wedne*.
7»8
8»e
.
MinLiLl.N
70s
7'iie
838
8>«
Houston
CO
7»«
73»
St.
W COOJD* tOOOl* * h-^
'~3 coVa"ic"to*x m o too V coVoco ao'to oolc to'T. o qo -J — eocootnjcO^i
x^j^co^Ocx^i**^
COW<05W-'»-MaD
T\
7»8
838
Boston
Baltimore
!
7%
7»8
7 hi
7i*
7»s
7%
Norfolk
I
luet.
7*8
7>n
7 Hi
7Hi
8»i8
Wlmlngton.
!
Mon.
"'^16
New Orleans
Charleston..
J
CLOSING QUOTATIONS FOK
Satur.
Qalvestou...
•
967
c0O<)^ODi-ii->aDCo«'O>->iHaDi(^^cooccoaciF>-co<e>coi^kOOu<MOCO
«JOtO — tO'0<CtOh-COO"-'ICCO*>-0»J03COOOCi:*'COO«-OCB»Jtnk5l-i
,1
»i03^-cooi»JOh-aH'03Co«'M^03«JtvU<coo:i-'«^ocoooicoa»-'#kO
We
f
O MWK>KA»0t0»tOCO«J
rfkCO©COtO<lJ''>-'<lXCCVtOC*tO~.lu.l->o:*» CO OC OC dp tc tO CO O 05
O>W«J*0
HMIOtS
CO
tO
"
woW
cc©'<c*»c»©<l'!^
OStOO>>-icoODCOtacOCo:*.<)»i(>-000*'COC*<l«jec«<0'rocoOiHCoio
"co'coV'V oo'ih^j lo'taNOsV: 05 03V-oodJ-'h'
—
"
8
toooccoa^*-p>"J^-too.aai)'r-o:a^cc*»oocctocor-if.coteto
O
OJWp
CO
00
Vo *
"co
*>
"•«
09
H>H";
o co -3 e*M h> m «» ®"^
i^ocoacocooi-'Occ^.oi-'a;
« 03 V 00 00 «1 i» M CO 91 CO O tO
f->
(-•
OD
05 <J 03 ex
ifc^MM
CO
H Ji"o>iVh K>~a> oo Vi^
*>
©ih J oc© w
1
•
;
a;bab
-ga)aai£-tai-©Kieoo:©a;«o»jco
**
H>00 H>
M
tO
tOHlMtO
H>H"CO
top -jpppp MtOtO K»J^
«J»0<OlP-O9'03-3
•
rf>-*»J
cc
©COtCO0CQHi|-»H'CX~]CO<lX>JiH<l'»-Hi©~Joa
co
lowest
O CO tOO tC V *• CO 10 COOO tOO
"cx a a
©
V. "v>
o to tfl® w"co"ih to^-3 qd ©Via
ro© to©
toi-yn-Gc —
j-co toco
•
to~j to.
—
5
pMtOj^
J^^OM
c-.^l^. to 03 o: co r-lo'to
p O oo O co « to jh
'.'
*-M
t3H"p
— aw<i
tO
We
o
M
snow that the interior stocks have increased during the week 51,937 bales, and are to-night 11,171
bales more than at same period last year. The receipts at all
towns have been 161,401 bales lesb than same week last year.
Overland Movement fob the Week and Since Sept. 1,—
We give below a statement showing the overland movement
tor the week and since Sept. 1, as made up from telegraphic
The results for the week ending
reports Friday night.
N07. 1 and since Sept, 1 in the last two years are as follows.
The aoove
totals
1900
1901.
November
1.
Week.
Mhipped—
„.~.
Via 8t. LoalB...OT.
37.999
6.688
Via Paduoah
1*48*6
Via Louievllie....
...... .......
7,326
3,215
8,764
Since
Sept.
Week.
1.
128,319 45,145
22.402
9,710
50C
6*777
3,200
20,205
5,824
12,968
2,079
33,348 26,574
Since
Sept.
66.
Dallas, Texas.— It has been dry all the week. Tne thermometer has averaged 69, ranging from 53 to 85.
Henrietta, Texas.—
have had no rain during the week.
The thermometer has ranged from 54 to 89, averaging 72.
Huntsville, Texas.
Dry all the week. Average thermometer 69, highest 84, lowest 53.
Lampasas, Texas. We have had no rain during the week.
The thermometer has averaged 69, the highest being 86 and
the lowest 52.
Longview, Texas.— Dry weather has prevailed all the week.
The thermometer has averaged 65, ranging from 46 to 83.
Palestine, Texas.
There has baen no rain during the
week. The thermometer has ranged from 54 to 82, averaging 68.
Paris, Texas.
have had no rain the past week. Aver-
1.
179,863
43,129
2,162
11,017
19.312
10,067
39,968
—
—
—
— We
age thermometer 72, highest 90, lowest 53.
San Antonio, Texas. We have had no rain during the
week. The thermometer has averaged 70, the highest being
84 and the lowest 56.
New Orleans, Louisiana.— T$o rain all the week. The thermometer has averaged 61.
Shreveport, Louisiana. There has been no rain during the
week. The thermometer has ranged from 55 to 83, averag-
—
—
ing 69.
—
—
Columbus, Mississippi. The weather has been dry all the
week. Average thermometer 62, highest 79, lowest 44.
65,428 224,079 93,032 805,518
Vicksburg, Mississippi. Weather has favored pickiDg.
Deduct $Mp*unts—
49.664 12,939
52,066 There has been no rain during the week. The thermometer
Overland to N. Y., Boston, &c. 13.455
5,330
31,468 has averaged 70, the highest being 83 and the lowest 50.
9,481 16.322
Between interior towns.........
1,930
10,105
2,235
9,895
Greenville, Mississippi. The weather has been mild and
favorable
during the week, but is cloudy to-day.
93,429
G9,200 31,496
Totalto be deducted
_.. 20.715
Little Rock, Arkansas.
Picking is finished on uplands and
ueavlngtotal netoverland*.. 44,7131 154,879 61,536 212,089 pickers are going to the river bottoms to get picking to do.
* Inoludlng movement by rail to Canada.
We have had no rain the past week. Average thermometer
The foregoing shows the week's net overland movement 68, highest 82, lowest 55.
Helena, Arkansas. The first crop has all opened and been
this year has been 44,718 bales, against 61,536 bales for the
week in 1900, and that for the season to date the aggregate net picked. Second crop is opening slowly. Dry weather has
prevailed all the week. The thermometer has averaged 64,
overland exhibits a decrease from a year ago of 57,210 bales,
the highest being 81 and the lowest 47. October rainfall one
19O0.
1901.
inch and eighty-two hundredths.
i'
In Sight and Spinner
Memphis, Tennessee. Dry and warm all week and picking
Since
Since
Taking*.
Week. Sept. 1. Week. Sept. 1.
and marketing active. Thermometer has averaged 67 '4,
ranging from 52"5 to 79 6. October rainfall, one inch and
406.290 2,057,112 300,453 2,220,693 fifty-eeven hundredths.
44,713 154,879 61,536 212,089
Mobile, Alabama.— Dry weather has
prevailed all the
Southern consumption to Nov. 1.. 36,000 298,000 30,000 263,000
week, and in the interior conditions have been very favorable
Total marketed
486,003 2,509.991 391,989 2,695,772 for gathering the crop.
Average thermometer 68, highest 82,
51,937 395,825 61\t>97 469,332 lowest 54.
October rainfall seventy-three hundredths of an
Via other routes, Ac...
—
—
—
—
Came Into sight during week. 537,940
453,636
Total in sight Nov. 1......
2,905,816
XVorth'n spinners tak'gs to Nov.
Movement
1.
79,206
320,246 90,737
1896....
338,163
into sight in previous years.
Week.
1899
1898
1897
inch.
3.16M04
bales. 354,171
559,447
470,208
376,120
1899
1898
1897
1896
Si'' re Sept. 1.
.bales. 2,985,655
,
,
3,638,764
3,338,981
3,423,867
Montgomery, Alabavia.—There has been no rain the past
Excellent weather for picking. Marketing rapid.
The thermometer has averaged 61, the highest being 80 and
the lowest 52. October rainfall twenty-two hundredths of
an inch -early in the month.
Selma, Alabama—The weather has been favorable for
gathering crops, and in many seotions picking is about completed.
The crop on bottom lands shows gome improvement,
weak.
THE CHRONICLE.
968
that the crop will be short of last year
has been dry all the wtek. The ther
mometer has averaged 67. ranging from 48 to 87.
Augusta, Georgia. A small late crop is developing. Dry all
the week. Average thermometer 62, highest 76, lowest 48.
Savannah, Georgia. We have had rain on one day duriDg
the week, the precipitation reaching forty eight hundredths
of an inch. The thermometer has averaged 64, the highest
being 77 and the lowest 53.
Charleston, South Carolina. Rain has fallen on three days
of the week, to the extent of seventeen hundreds of an inch.
The thermometer has averaged 65, ranging from 54 to 76.
Stateburg, South Carolina. Picking of scrappings in cotton fields may continue for a while longer. We have had
rain on two days of the week, to the extent of twenty-two
hnndredths of an inch. The thermometer has ranged from
42 to 77, averaging 65. October rainfall six hundredths of
but farmers
still insist
in this section.
It
—
—
[Vol. LXXIII.
Cotton Consumption and Overland Movement to Nov. 1.
—In consequence of the crowded condition of our columns
this week, we omit giving the usual extensive details of the
overland movement. Below, however, we present a synopsis
for the
month
of October
and the two months ended Oct.
—
—
an inch.
— We have had a
week of good
weather and picking has progressed rapidly. Farmers are
not selling freely. The thermometer has averaged 60, the
highest being 81 and the lowest 38.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o'clock Oct. 31, 1901, and Nov. 1, 1900.
Charlotte, North Carolina
No ).
Oct. 31, '01.
New Orleans...
Above sero of gauge.
Above zero of gauge.
Memphis
Nashville....
Feet
3-6
1-3
....
Bhreveport...
Vlokaburg.
1, '00.
Feet.
4-4
56
1-4
41
67
16
......Above zero of gauge.
Above sero of gauge.
Above zero of gauge.
0-8
10
India Uotton Movement fbom all Poets.— The receipts
of cotton at Bombay and the shipments from all India portsfor the wook ending Oct. 31, and for the season from Sept. 1
to Oct. 31 for three years have been as follows:
1901.
Receipt* at-
Since
Week.
Bombay
1900.
12.000
Since
Week.
Sept. 1.
82.000
1899.
Week.
Sept. 1.
30,000
3,000
For the Week.
Sept. 1
15,000
.
66,000
Since September
1.
Bxportt
from—
Great
Continent.
Britain.
Great
Britain.
Total.
Continent.
Total
Bombay—
1901
1900
1899... =
i6",bb"6
•••
.
16,000
50,000
2,000
16,000
60,000
2,000
3,000
5,000
1,000
3.000
5,000
1,000
2,000
1,000
1,000
2.000
1,000
1,000
17,000
17,000
9,000
38.000
83,000
13,000
Calcutta—
1901
1900
189t»
Madras—
1901...
.
1900
1899
All others-
1901
1900
1899
i"6"oo
i",ob"6
2,000
2,000
17.000
10 000
9,000
1,000
2,000
39,000
72,000
13,000
...
1,000
Total all—
1901
1900
1899
i'obo
2,000
11,000
According to the foregoing, Bombay appears to show an
compared with last year in the week's receipts of
Exports from all India ports record a loss
9,000 bales.
of 1,000 bales during the week and sinoe September 1 show
increase
a decrease of 45,000 bales.
Alexandria Receipts and Shipments op Cotton. Alexandria, Egypt,
1900
1901.
October 30.
Beoelpts (oantars*)
This week
Since Sept. 1..
This
week.
1899.
210,000
350,000
1,393,000
350,000
1,646,000
1,011,000
Since
TMi
Since
TMi
8incc
Sept. 1.
week.
Sept. 1.
\xeck.
Sept. 1
Exports (bales)—
To Liverpool....
To Continent t..
*
t
12.000
10,000
47.000 11,000
4,000
62,000,
44,000 12.000
33,000 10,000
62,000
54,000
Total Europe
22,000 109,000 15,000 77,000 22,000 116,000
Aoantarls98 pounds.
Of wMoh to America In 1901, 6,803 bales; In 1900, 6,712 bales;
In 1899. 8,426 bales.
"
Manchester Market.— Our report received by cable
to-night from Manchester states that the market continues
give the prices for
quiet for both yarns and shirtings.
to-day below and leave those tor previous weeks of this and
We
last
1901.
Gross overland for October
Gross overland for 2 months
Net overland for October.
Wet overland for 2 months
Port receipts In October
Exports
Exports
in
year for comparison.
1,559,531
2,006,299
1,050,420
1,392,442
October
in 2
183.F00
216,566
130,494
151.763
bales.
Port receipts in 2 months
months
1900.
255.659
288,161
179.748
200,486
1899.
266,742
346,393
222,924
280,736
1,516,711 1,131,085
2,139,494 1,931,931
1,090,748
780,923
1,439.824 1,242,338
Port stocks on October 31
67.1,175
686,672
877,124
Northern spinners' takings to Nov. 1
314,654 307,836 458,297
Southern spinners' takings to Nov. 1
293,000 253,0(0 245,000
Overland to Canada for 2 months (Included In net overland)
11,018
2,611
14,167
8nrnt North and South In 2 months
4,409
13,461
Stock at North'n Interior markets Nov. 1
7,056
9,661
14,309
Came In sight during October
2,132.025 2,lfO,459 1,723,989
Amount of crop In sight Nov. 1
2,836,062 3,057,980 2,853,667
Came in sight balance season
7.367,161 6,585,892
Total crop
10425141 9,439,559
512* 9
Average weight of bales
510 47
510 94
Government Weekly Cotton Report.— The regular
weekly cotton report as issued by the Climate and Crop
Division of the United States Weather Bureau through the
New Orleans Weather Office for the week ending Oct. 28,
and telegraphed to the N. Y. Cotton Exchaage, is as follows:
North Carolina —Cotton being picked rapidly and almost completed In places.
crop.
Sine*
31
for three years.
Many
bolls
unopened.
All reports indicate short
South Carolina.— Cotton opening well, except slowly, over the
western half, where plants are late. Over the eastern half picking
about finished. Late crop developing favorably.
Georgia.— Short cotton approximately gathered In southern counPicking nearly completed in middle and progressing rapidly in
ties.
northern counties. Long staple cotton opening rapidly.
Florida. - Ideal week for picklDg, which has been pushed. Crop
will practically be gathered by November 20.
Alabama— PlckiDg nearlng completion; slight improvement in
yield, but generally considered to be light.
Mississippi.- Picking rushed and nearlng completion in many sections, especially in north portion, where yield is light.
Louisiana.- Picking was vigorously pushed, except in few localities where pickers soaroe. Picking nearing completion in many sections, although In some localities not more than half the crop has
been picked,
Texas.— Picking uninterrupted, except on bottom field, has practically been completed. If no killing frost occurs in the near future a
light top crop will be made.
Arkansas —Top crop not maturing. Praotically no top crop. Bulk
of cotton picked and ginned, and previous estimate of light yield conflrmed.
Tennessee.— Cotton opening well and picking keeps up to it.
Oklahoma and Indian Territories —Picking stilt in progress.
About three-fourths of orop in, with light yields. Late cotton slightly
better than early.
These reports are summarized as follows:
Clear and warm weather throughout the cotton belt has been exceptionally favorable for maturing and opening cotton. Picking has
made rapid progress, and reports from nearly all centres report picking well up and about completed in many localities. Yield is generally below the average. In Texas plokiug has been uninterrupted,
and except in bottoms has practically been completed. A light top
crop will be made in Texas If there is no killing frost in the near
future.
Jute Crop of Bengal— Final Report for 1901.— The
final
report on the jute crop of BeDgal for the season of 1901, issued
under date of Calcutta, September 22, indicates that the area
under cultivation is 2,287,800 acres, against a normal area of
2,164,400 acres and 2,093,400 acres in 1900, and 1,961,800 acres
in 1899. As to tbe probable out-turn, the report says:
The estimate tor the whole Province as compiled from the figures
sent in by the distriot oftioers gives 95 per cent of a normal crop, and
I think that in most distriots sufficient allowanoe has been made for
the Improvement In the orop during the past three months and for
previous underestimates. There has been some want of water for
steeping, which has delayed harvesting and the preparation of the
fibre for the market, and imports into Calcutta have been oheoked
during the past fortnight by heavy rain, so that a smaller proportion
of the crop has been exported from the jute ciistrlots up to date than
would ordinarily have been the case. In my first forecast I estimated
the out-turn in the area sown at 94 per cent of a normal crop, and in
that estimate I largely discounted the improvement subsequently
shown by the district officers. My present estimate is 96 per cent of a
normal crop in the area sown in the present year. The increase in the
normal area as recorded by tbe district officers naturally raises the
but seeing that the market actotal out turn of a normal crop
;
cepts 65 lakhs* of bales at present aB representing a normal, or 16-anna,
crop, I will not modify that figure in the estimate. In the first foreoast of the jute orop of the present year I estimated an outturn of 62 ^
lakhs of bales, or 15*2 annas of a normal crop of 56 lakhs of bales. In
view of the favorable weather that has characterized the months that
have elapsed since that forecast was issued, I now estimate the outturn at 65 lakhs of bales, a 16-anna orop.
1900.
1901.
A lakh of bales is 100,000 bales.
Texas Weekly Crop Bulletin.—The Weekly Crop
*
SH
lbs. Shirt- Oott'n
32* Oop. ings,
Twist.
d.
8p. 27
Oct. 4
" 11
" 18
" 25
7
7
7J4
d.
«8
©8
98^
s.
d.
5
«8
5
3
3
5
4
98
7° 16 f»83 16 5
7H 08 7
«7 e
Nov.l |7
common Mid.
to finest.
s.
f»8
4i*tt8
5
31*99
5
3
«*
m
d.
TTpldt
d.
4 <>8
lis
4%
3
3
2
4 31 32
ms
8H
lbs. Shirt- Oott'n
32* Oop. %ngt, common Mid.
Twist.
d.
d.
9% 9
®
8.
10V* 5
I0»s5
8i5ie»9 78 i5
914
429 33 8\ o93j
411,„ 83g ®9i«
4 7 16 83e »9*4
Upldi
to finest.
5
d.
9
s.
98
08
8
6ifl»8
6 «8
d.
d.
4ia
(5
3
«7 8
Ha
15
41*97 11
5
4i«t»7 11
B
16
6
6»8
J>
7
.">••
32
j
Bul-
Texas Section of the Climate and Crop Service of
the Weather Bureau for the week ending October 28 referred
letin of the
to cotton as follows:
Cotton picking is nearing completion over all portions of the State,
and in many sections this work has come to an end and the fields have
been abandoned. The present warm, sunshiny weather has caused
some fields of cotton to put on new growth, and with a continuation
of the present conditions a light top crop Is probable.
November
2,
THE CHRONICLE.
1901.]
Norfolk Cotton Exchange —The annual
election
Livkbpool.— By oable from Liverpool we have the followst ntement of the week's sales, stocks, &o. at that port,
for
and directors of the Norfolk Cotton Exchat)^ warhold October 80, and the old officers were re elected vi/.
Fergus Reid, President; R. S. Dawson, Vice- President mid
Directors, John W. Vaughftn, I.
S. B. Hassell, Treasurer.
ing
Gregory, I. W. Perry.
89IPPINU iNBWB. -Ab suowu uu a prevloun pAga the
•sports <>f lotton from the United States the past week have
reached 433,893 oule-.s. The shipments In detail, as made up
from mail And telegraphic returns, are as follows-
Sales of the
officers
969
.
11
Oct.
Oct 18.
Oct. 25.
1.
1
gar Nash, (Jeorge L. Arps,
VV. F.
Total half.
Niw
York To Liverpool, per «i«itm«r Cevlo, 3.778
To Manchester, per steamer Miiskelyne. n8 S •» Inland
To Havre, j>»r Hteaincr La Champagne, 200 upland aud
3,77s
33
1
I mount
6
—
Sealsland
376
Kronstrainers Koeulgen Lulee, 4,254
prloz Wtlhclin, 220
To Hamburg, per steamer Blue CrooH. 445
Trojiu Prince,
To Genoa, per steamers Bolivia, 595
1,182
To Trieste, per steamer ricqua, 200.
To Venice, per steamer Pictpia. 600
Orleans-To Liverpool Oct 20— Steamer Collegian.
18,394. ...Oct. 31— Steamers Alexandrian. 11,000; Heath-
To Bremen, per
4,480
445
1.777
more.
6,
38.494
100
2,'
0o
3,250
16,500
31— Steamer Manchester Corporation. 9.000
Oot.
To Havre -Got 29— Steamer George Pyman. 9.554
0?t.
Ojt. 31— Steamers Inls30-Steamer Parapa, 6.857
30,611
howen Head, 7.700; OntoD, 6.-00
8.5C0
To Bremen-Oot. 31 -Steamer Cheltenham, 8, *>00
Oct. SO
To Hamburg-Oct. 20— Steamer Dortmund, 808
-
2,806
Steamer Tanagra, 2,000
To Rotterdam- Oot. 31 -Steamer Themisto, 050
To Antwerp -Oct. 31— Steamers Cayo Soto, 600; Ontou, 400
Co Copenhagen— Oct. 25-8teamer Florida, 2,987
To Oporto-Oct. 29— Bark Venturosa, 260
To 3enoa-Oot. 31— Steamers Dlnnamare, 11,500; Isola dl
Levanzo, 7.400; Manilla, 6,150
Oct.
Oct.
26'J
25,
To Venice- Oot. 31—Steamer Bettv, 1,600
To Trieste Oot. 31— Steamer Betty, 3,0 iO
Galvbston— To Liverpool— Oot. 21— Steamer Irada, 21,029
0W
l.tiOO
3,030
Istrar. 11,770
To Manchester— Oot. 31-Steamer Hannah M. Bell. 2,20o-. 2,200
Savannah— To Liverpool— Oct. 30— Steamer Drogomm, 11 01 i
Oct. 31— Steamer Etrerla,
upland and 200 Sea Island
23,458
-
Sat'day.
Spot.
Market
tet,
80 p.m.
Small
I
Inquiry.
13
2,300
2,200
33,000
3,000
57,000
138,000
83,000
28,000
22,000
200,000
178,000
31,000
1,700
2,700
400
400
23.0O0
57,000
25.OO0
5,000
63.0OO
:i.ooo
.2,000
U9.000
'.tl.OOO
101,000
78,000
63,000
295,000
269,000
68,000
391,000
360,000
1
000
421 3a
«ld.Dpl'ds.
\ales.
Futures.
vfarket
i
J
Z
v
m
.
-
Quiet.
Qnlet
41^32
4 7 16
i
Ir-.er
5,000
6.000
5,000
7,000
500
300
500
500
500
nt
1-84 adv.
Q't&st'dy
HH<a>iKPts.
i
decline,
I
* 7 16
5,000
Easy at
Unlet at
&
2-H4 l-«4
2 «•)
advance. decline.
partially l-«4
)
41*
4"8
400
Steady
opened.
*
Quiet
Unlet.
4,000
>eo. Aexp
M^rkor
Monday. Tuesday. Wed'day. Thursd'y Friday.
|
(&
Easv at
4-84 decline.
Qnlet,.
.
Easy at Steady
'/&•>
Pts.
decline.
Steady at Steady
at
1^@3
pts
decline.
Ws>^W Pt.8@3K
I
advance,
Firm
2 64
i
(3
at
3-84
advance.
at|
Barely
|lt .
steady.
decline.
The prices of futures at Liverpool for eaob -lay are given
Prices are on the basis of Uplands Good Ordinary
clause, unless otherwise stated.
rW" The prices are given in pence and 641A«. Uui 3 63 means
3 63-61rf.. and 4 01 meant 4 l-64d
below,
61,186
9,744
Steamer Imant, 10.909
Oct. 29— 8teamer Clias. Tiber... 40.734
ghien. 11,866 ...Oct 30-Steamer Consols. 6,591
13,836
To Bremen— Oot. 26-8teamer Borkum. 13,836
250
To Rotterdam - Oct. 29-8teamer Agnes, 250
To Antwerp— Oct. 29 -Steamer Mlddleuam Castle. 2,953.. 2.953
7,540
Mobile—To Bremen— Oct. 30— Steamer Dalma'ly. 7.5-16
Pbnsaoola—To Liverpool - Oot. 26— Steamer Franclsoa. 5,763 5,765
12,215
30
-13.OO0
-
26— Steamers Florldlan, 5,779; Ruperra. 11,872
Oot. 31— Steamer
30— Steamer Andonl, 10,736
To Manchester— Oct. 25— Steamer Telesfora. 9,744
To Havre—Oct. 23 Steamer Ellerlc, 11 ,368. ...Oot. 26—
afloat
6*0
1,000
2,987
18,000
2.800
6,100
68,000
8,000
67,000
170,000
109,000
19.000
14,000
118,000
103,000
The tone of the Liverpool market for spots and futures
Mwfa day of the week ending Nov. 1 and the daily closing
pHoesof spot cotton, have been as follows.
New
To Hnll-Oot 30-Steamer Denaby 2,000
To Belfast— Oct. 31— Steamer Carrliran Head. 3,250
To Manchester -Oct. 26— Steamer Elswiok Grange, 7,500
bales
Of whloh Amerloan
i00
60J
,
week
Of whloh exporters took...
Of whloh speculators took
-tales American
Aotual export
forwarded
Total stook— Estimated
Of whloh American— Est'd
Total Import of the week.....
Of whleh Amerloan
To Bremen -Oct. 20— Str. Domingo de Larrinaga, 10,248
21,010
Oot. 30 -Steamer Newton Hall. 10,762
4,250
To Barcelona- Oot. 3l-8teamer Bona. 4,250
...
2,450
To Genoa- Oot. 3 1- Steamer Bona. 2,450..
31—
Steamer Murola, 7,848... 7,848
Brunswick— To Liverpool— Oot.
2,371
To Manchester Oct. 31— Steamer Murcla, 2,371
9,073
To Bremen— Nov. 1 -Steamer Craigairn, 9,073
Charleston— To Bremen—Oot. 30— Steamer Blrkhall, 8,650.. 8.050
Wilmington— To Liverpool -Oot. 26- Steamer Tenby, 14,382. 14,382
It, 183
To Bremen-Oot. 30— Steamer SUngsby, 11.183
Boston— To Liverpool— Oct. 28—Steamers Commonwealth,
Sat.
Oct.
26.
28
Wed.
Tnes.
prion.
Oct.
Oct.
29.
Oct.
Tburt.
30
Frl.
Nov.
Oct. 31.
1.
12ia 1 12ia 4 12* 4 12i* 4 12ia 4 121*1 4
P.M. P.M. P.M. P.M. P.M. P.M P.M. P.M. P.M. P.M. P.M. P.M.
d.
October
Oot.-Nov....
Nov. -Deo
Deo.- J an
Jan.-Feb
. .
Feb.-Moh..
-Apr...
April-May..
.
Mch
May- J one...
June-July..
July Aug...
Aug.-8ept..
d.
d.
4 30 4 27 4 26
421 4 19 4 18
416 4 154 15
4 15 4 111 14
13413
4 14
4 14
13413
13 4 13
4 13
12 4 12
4 13
124 12
4 13
4 12
12 4 12
4 12
114 12
d
d.
4 22 4
4 15 4
4 12 4
4 11 4
4 10 4
4 10 4
410 4
4 09 4
4 09 4
4 09 4
4 09 4
d.
20 4 21 4
13 4 13 4
09 4 09 4
08 4 08 4
08 4 07,4
08 4 07 4
07 4 07 4
07 4 07 4
07 4 07 4
07 4 0-i 4
07 4 06 4
d
d
d.
d.
21 4 22 4 18 4 18
11 4 13 4 11 4 10
07 4 09 4 06 4 06
06 4 08 4 05 4 0,'
06 4 08 4 05 4 04
06 4 08 4 05 4 04
06 4 07 4 04 4 04
06 4 07 4 04 4 (>4
06 4 1 4 04 1 04
05 4 07 4 04'4 03
05 4 07 4 04 4 03
413
4
4
4
4
4
4
4
4
4
09
08
08
07
07
07
07
07
07
4 11
4 00
05
05
04
04
04
04
4 04
4 04
4
4
4
4
4
4
Jcte Butts, Bagging, Etc.—The demand for bagging durweek has been rather dull, but prices have been
The close this evening is at 5>gC for 1% lbs.
Oct. 25 -Steamer Michigan,
6.156; Devonian, 2.388
Oct. 29 -Steamer Cestrian, 7,084
24
15,952 and 6c. for 2 lbs., standard grades, car lots of standard
Baltimore— To Liverpool -Oot. 25 Str. Qaernmore, 3,103
3,105
brands 8re quoted at 5Js@6 4c., f. o. b., according to qual2,000
To Bremen-Oot. 29— Steamer Darmstadt. 2,000
Philadelphia— To Liverpool -Oct. 25— 8tr. Waesland. 2no
200 ity. Jute butts continue dull at 1^2@l%c. for paper quality
Ban Francisco— To Japan— Oot. 28— Sleamer Thyra, 1.30D .... 1.300 and 2%@2)£c. for bagging quality.
Seattle— To Japan— Oot. 29-Steamer Riojun Mara. 3,500
3,500
ing the past
maintained.
l
423,393
of the foregoing shipments, arranged in
oar usual form, are as follows.
ttrtai French Oer- -—Oth.JS'rope—- Mex\c o,
Brit'n. portM. many. North. South.
etc.
Japan Xo'"..
376 4.925
2,577
New York. 3,811
11,689
136,758
N Orleans 60,244 30,61111,306 4,637 29,860
Galveston. 70,9i0 40,734 13.836 3,203
123,703
Mobile.
7,546 ...... ......
......
7,546
7,9b5
Pensaooia.
7,965
Savannah. 23,458
21,010
6,700
51,168
Brunswick 10,219
9,073
19,292
Charleston
8,650
8,650
Wllmlngt'n 1 1,382
11,183
25,505
Boston
15,952
15,952
Baltimore. 3,105
2,000
5,105
Phll'delp'a
200
200
San Fran..
1,300
......
1,300
Seattle ....
......
......
3,500
......
3,500
•••
Total.
.
•
Total... 210,266 71,721 89.529
Exports to Japan
7,840 39,237
4,800 423,393
since S3pt. 1 have beeu 11,835 bales from
the Pacific Coast.
Jotton freights at
as follows.
New York
tiatur.
Livery, pool
Havre
Bremen
Hamburg
Amsterdam
Hon.
e.
15
15
e.
21325
21925
the past week have beet
ShSS.
15
171*
19920
19920
28
20
IS
28
20
15
28
20
15
2m
21i«
21
82
27
32
32
27
32
32
27
32
20*25
20325
c.
e.
Antwerp
e.
Ghent, v.Antw'p.e.
Reval, v.Br-Hame.
v. Hull...c.
v. Canal.. e.
Genoa
e.
Trieste
e.
%:
15
fkurt.
#»-!,
15
15
21
17i«
17ia
17*
17»a
19920 19920 19920 10920
e.
17»a
fftc.
21925 21925 21825
e.
Rotterdam
Do
Do
BREADSTUFFS.
,
The particulars
1«
28
20
15
28
20
15
28
2li«
214
21ia
82
27
82
32
27
32
32
27
32
20
15
20925 20925 20925 20925
28
28
28
28
28
28
Quotations are cents per 100 lba. or fraotions of a penny per lb
Friday. Nov. 1, 1901.
There has been an easier turn to the market for wheat flcur.
Prices for the grain have shown a tendency to sag, and this,
coupled with the large output of flour by the Northwestern
mills, and the consequent free offerings, has resulted in lower
prices for spring patents, country brands selling down to
$3 75. Spriog bakers, however, have been in light supply,
acd prices have been fairly well maintained. There his been
some weakening in values for winter- whaat flour, and at the
lower cost local buyers have made fair purchases. Rye flour
hashad a fair jobbing sale at steady prices. Buckwheat flour
has been in fair demand, closing steady. Corn meal has been
sparingly off ered, owing to light stocks, and prices have held
firm.
Speculation in wheat for future delivery has been moderately active, but the drift of prices has been downward. The
principal depressing factor has been the character of the in-
formation from the foreign markets. The drought in Argentine, which was reported doing serious injury to the maturing
wh c at crop, was reported broken by good general rains. The
improved weather conditions for the Argentine crop acted as
a damper on the European markets, they turning quiet and
easier and in turn had a weakening influence upon values in
our domestic markets. Primary receipts also have been running larger, and this, too, has had its influence against
values. During the week, however, complaints that the new
winter-wheat crop was not doing well, owing to dry weather,
had a steadying influence. There also has been a disposition
to anticipate smaller interior receipts, and with Europe expected to be a good buyer in the cash market, purchases for
investment account in the speculative markets have been
more general. The spot markets have been easier, with
futures, and at the lower prices a moderate export business
has been transacted. To-day there was an easier market on
more favorable weather reports from Argentine and from the
winter wheat belt. The spot market was moderately active,
exporters being steady buyers.
THE CHRONICLE.
970
DAILVCL()8IN0rEI0E8OF NO. 2 BED WINTKK WI1KAT
Sat.
OaBh wheat
t.
o.
8C4
b
Deo. delivery Id elev
Maruh delivery In elev
May delivery In ele v
77*4
79 7s
.NEW YOKK.
IN
Afon.
Tin
«
Wed.
T*ur».
Fr\.
80ie
768b
80
77
7i)^i
79^
80 14
7<; :i4
80i«
76»a
79%
79I>b
793«
76»4
79»8
79^8
79 "«
79 1«
79*
79»«
DAILT 0LOHIKO PRI0BH OF NO.
IO. 2 BPRIKQ IN CHICAGO.
""H.
r*«rf.
ftiftf.
Wed.
Mon.
Bat.
70 'h
69 s*
Oot. delivery In elev
70 M
69^»
70>a
69'h
71»«
70ifl
7088
7038
70 \
Deo. delivery In elev
71^
73^8
May delivery In eiev
74 >8
74 7s
74
73 78
74»s
Indian corn fatures have received an increased amount of
speculative attention, buying for investment account has
been more general, and there has been a gradual hardening of
values. The movement of the crop has been very moderate
and advices from Interior points say that despite the fact
that hign bids have been sent out, country holders have been
slow in accepting them. The Cincinnati "Price Current,"
in its weekly report, says that corn is averaging poor quality
and is fed direct from shock. Early in the week only a limited amount of business was reported transacted in the spot
markets. Nevertheless, prices steadily advanced with futures.
On Wednesday and Thursday demand
improved, exTo-day there was a higher market
porters being fair buyers.
but toward the close prices declined under realizing
The spot market was quiet.
sales.
DAILY 0LO8INO PUIOKB OF NO. 2 MIXKD CORN I«
YORK.
Mon. Tuet.
Wed. Tkurt.
Fri.
Sat.
62~8
64*8
63*8
63%
Cash oorn 1. o. b
638s
62"e
7
62»*
62 8
63^
Nov. deUveryln elev.... 62ie
6*"*
63*3
63 7«
62 1s
63
63%
Deo. delivery In elev
63»8
64
63%
64%
May delivery in elev
62%
63»s
DAILT 0LO8INO PRICE8 OF NO. 2 MIXED OORN IN CHICAGO.
Wed. Thurt.
Fri
Mon.
Tuet.
Sat.
561*
57
55 78
55%
56%
Oot. delivery in elev
7
57%
57
57%
57%
Deo. deUverv in elev
56 e
57%
60
59%
59%
59%
59%
60%
May delivery Da elev
Oats for future delivery at the Western market have been
The movement of the crop has
fairly active and firmer.
been only moderate, country offerings have been light, and
there has been a good steady distributing trade, which, coupled
with the stronger turn to the corn market, has induced mod
erate speculative buying for a rise. Locally the spot market
has been moderately active and firmer. To day there was a
early,
NEW
weaker market.
NEW
DAILT CLOSING PRICES OF OATS IN
Sat.
Tuet.
Mon.
41%
41%
41%
NO. 2 mixed in elev
44
43%
No. 2 white in elev
43M
DAILY CLOSING PBI0B8 OF NO. 2 MIXED OATS
Sat.
Mon. Tue*.
36
36
36%
Oct. delivery in elev
Deo. delivery in elev....
May delivery in elev....
36%
38%
36%
38%
36%
38%
Wed
Thurt.
Fri.
41%
42%
44%
42%
IN
44
CHICAGO.
Wed.
Ihurt.
36%
36%
38%
36%
37
39%
Fri.
FLOUR.
.«,
Supei'tt-f!
Extra,
Extra,
No B
Ho I
Clears...*,,
.
*2 25
2 45
2 55
.....
....
,..=c.
2 70
2 90
3 30
92 35
S2 55
©2 65
92 80
©3 20
Patent, winter.... *3
City mills, patent. 3
Ryenour.Bupertlne 2
Buck-wheat flour.. 1
50 ©3 90
80 94. 40
80 93 55
75 91 80
Corn meal-
GRAIN.
Corn, per bush.—
Western mixed. .
Hard Duluth, W i I £2%»84%
N'thern Dul., No.l 76%»78%
No. 2 mixed......
Western yeUow..
Red winter, No. 2 78% ©80%
Hard N. Y. No. 2. 75%»77%
Western white...
41%®44%
Rye, per bush—
Oats— Mlx'd.p.bush.
—
o.
o.
43%»48
White
No. 2 mixed
42%»43%
No. 2 white
44
045
Weestern
State and Jersey
Barley— Western
o.
the market or any quotable alteration in
prices. The demand for overcoatings has been light throughout.
In dress goods the chief demand has been for plain
goods, with broadcloths prominent.
All fancies continue
dull.
Domestic Cotton Woods.—The exports of cotton goods
rrom this port for the week ending Oct. 28 were 2,113
packages, valued at |98,922, their destination being to the
points specified in the tables below:
1901.
Nbw York
1900.
to Oct. 28
Week. StneeJan.l
Wreat Britain
Other European. ..
29
71
118
403
491
326
20
56
558
41
3,926
1,329
81,120
5,392
37,699
8,855
19,703
1.6S0
5,613
45,187
8,565
2,113
218,^39
Ohlna
India
Arabia.....
Afrloa
West Indies
Mezloo.....
Central America. ..
South Amerloa....
Other Countries...
Total.
Week.
Since Jan. 1
58
7
263
1,981
1.377
140,462
11,084
25,441
3,598
24,699
2,618
9,744
38,460
7,728
3,192
267,167
2
778
54
83
1.957
of the New York exports for the year to date
been $9,447,976 In 1901, against $11,923,564 in 1900.
At the close of the week exporters have shown more interest than of late, but the bids made by them show plainly
that the drop in the price of raw cotton has affected their
views of values. They have had little success so far in making purchases. The home demand has been moderate, with
few deviations from previous prices. In brown sheetings
and drills there has been a slight "irregularity" during the
past two days, but leading brands continue firm. Bleached
The value
b.88
cottons have sold in moderate quantities in all grades, with
prices well maintained. There are only limited supplies of
wide sheetings and of the various lines of coarse, colored cottons upon the market, and although the demand is quiet,
prices are firm.
Kid-finished cambrics have advanced z z.
per yard. The market for all lines of staple prints is strong,
and prices for a number of them have been advanced 34c. per
yard. Other advances are expected in the near future. Fancy
prints are scarce.
Fine printed goods well sold ahead. The
gingham market continues firm throughout. Regular print
clotns have sold at 8%o., an advance of 1-16.5 but there has
been no advance in narrow olds, and wide odds are barely
steady at previous prices.
Foreign Dry Goods.— The general demand for foreign
dress goods has been dull, but thin fabrics are still selling
fairly well at firm prices.
Silks and ribbons are quietly firm.
Linens also are firm, with a quiet demand. Burlaps continue inactive, with a downward tendency.
Importations and Warehouse Withdrawals of Dry Goods*
B
B
fag
o.
a
..61%963%
iii
•
..64%a>66%
..64 3*366 >s
55% ^58%
58 959
57 «64
50 ©55
ft
5:
"5
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si
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«
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O©M01 W
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139,218
19,202
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New
as the result of the decision of the Fall River operatives not
to strike at the present time. The only activity during the
month of October has been in the print cloth division, and
that has been almost entirely due to the operations of Mr.
Borden, other buyers purchasing lightly.
Woolen Goods. The busiest department of this division
has been in cloakings and fabrics for use by the cloak and
jacket manufacturers. Cheviots and other goods in Oxford
grey mixtures have been in good request for this trade and in
Oxfords have brought very firm prices. In woolen and
worsted trouserings and suitings the week's business has been
on a limited scale. Heavy weights have been bought in
small, straggling lots, and the demand for light weights has
been below expectations. It is evident that deliveiies on
early orders will have to be pushed forward more fully be.
•
SI
og
•
lii
nil
a:
THE DRY GOODS TRADE.
York, Friday, P. M., Nov. 1, 1901.
Business in this market during the past week has been on
a generally quiet soale and with few new features of importance. The disposition of buyers has not carried them much
beyond present requirements, the continued weakness in raw
cotton apparently telling upon them to soma extent. Sellers
do not, however, weaken to an appreciable extent in any direction, while in some there have been advances in prices
quoted, these being in lines directly affected by print cloths.
The chief interest has been centred in the market for the latter and the situation at Fall River. Mr. Borden, pursuing
his recent policy, bid up print cloths a further l-16c. during
the week, and was a buyer thereat up to Wednesday evenSince then he has retired from the market, presumably
ing.
•
•
..61%ffl63%
Feeding
For other tables nsuallr given here see pane 940.
—
to any extent, as
back by late delivno change in the
general tone of
93 60
Htralghte ...,
,,.
Western, etc
3 10 93 20
Brandywlne ....
Patent, aprtiifi. ... 3 75 ©4 45
3 30
( Wheat "floe ui ccc&s Bells at prices belowthose for barrels.)
Wheat, per bust:
demand expands
,
36%
38%
Barley has been quiet but steady. Rye has-been firmer.
Following are the closing quotations:
Fine
fore the supplementary
sales of clothing for spring are b^ing kept
eries c-f sample pieces.
There has been
y
YORK..
44
[Vol. LXXIII.
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440,689 329,771
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14,872
23,340
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g
November
2,
I'HK
1901.
CHRONICLE
1)71
St. Charles, Mo. — Injunction Denied. -On Oat, 98 Judge
Hough, in the Circuit Court, denied an injunction asked for
St/Vit
by tbe Water and Improvement Co. of St. Charles to restrain
Mississippi Valley Trust Co. and the William C. Little &
Investment Co. of St. Louis from negotiating bonds sold
Bro.
SUBSCRIPTION.
OF
TERMS
to them some six or eight months wgo. These bonds were
The Investors' Supplement will be furnished without issued for the purpose of establishing a water- works system
extra charge to every annual subscriber of theCoiiMKii cial to be controlled by the city. The City of Ht. Charles waa
also a defendant in the case.
and Financial Chronicle.
Wilke- -Barre Township (Pa.) School District.— Bond
The State and City Supplement will albo be furnished
Sale Enjoined.— A preliminary injunction has been granted
without extra charge to every su bsoriber of t he Cu ron ci
The Street Railway Supplement will likewise be fur- restraining this district from selling the $9,500 H% bonds, the
nished urithout extra charge to every subscriber of the offering of which was advertised to take place on Oct. 30,
1901.
It is alleged that there is no necessity for the issuance
Chronicle.
The O^uotationSupplement, issued monthly, will also be of these bonds. The case will be argued on November 6.
furnished without extra charge to every subscriber of the
Chronicle.
Calls and Redemptions.
TERMS for the Chronicle with the four Supplements
within
the
United
per
year
Dollars
named
are
Ten
above
Allen tow n, Pa. Bonds Redeemed.— This city redeemed
States and Thirteen Dollars in Europe, which in both cases on November 1 cut of funds in the general treasury ten bondB
includes postage.
of $500 each, issued Aug. 1, 1896.
Delaware County, Pa. Bonds to be Redeemed. The CounTerms of Advertising (Per Inch Space.)
ty Commissioners have made arrangements to redeem $75,000
rranslentuiatteneathtliue)* 20 Three Months (13tluieB).$2900 of the $400,000 bonds now outstanding.
Six Months
(26 times). 50 00
STANDING BUSINESS CARDS.
Sbawnee County, Kan. Bond Purchased.— The County
$22 00 TwelveMonths(52times). 8700
Two Months (8 times)
Commissioners have purchased at 110 a $1,000 656 bond which
would not otherwise have matured until July 1, 1906. The
bond was procured from L. A. Bigger of Hutchison, Kan.
Index.
Smith Center, Smith County, Kan.— Bond Call.—S. C.
An index to all the news matter appearing in this Depart- Stevens, City Treasurer, has called for payment December 1
ment for the pericd from July 6, 1901, to Oct. 5, 1901, in- at the State fiscal agency in New York City the following
clusive, was published in the Chronicle of Oct. 12, 1901, bonds
pages 806, 807 and 808.
$18,000 bonds, Nos. 1 to 18. inclusive, issued Dee. 16, 1S87. in aid of the Chicago
md
City
D£WBTM£WT.
i
i
.
.
Bond
—
1
:
Kansas & Nebraska Kailroad.
25,000 water bonds, Nos. 1 to 25, Inclusive issued Nov.
Atlanta, Ga.— Revision of City Charter.— The City Council
has passed a resolution providing for the appointment by the
Mayor of a committee consisting of forty- nine citizens to
revise the city charter.
It is stated that no general revision
of the city charter bas been made since 1874.
Austin, Tex. Litigation. — Dispatches from Austin, Tex.,
dated October 22, state that three suits were filed in the District Court on that day by Jules E. Valle, James Q. Cahill
and Wm. B. Papin of St. Louie against the city of Austin for
payment of water and light bonds and interest, some of
which matured July 1 and October 1, 1900, and some on the
1st of January, April, July and October, 1901.
The aggregate amount sued for is §16,800. These are known as dam
bonds and their holders refuse to go into the adjustment
made with the Pennsylvania Mutual Insurance Company, the
largest holder of the bonds. The adjustment included all
the outstanding bonds, and the last Legislature provided for
the issnance of refunding bonds, which tbe parties bringing
suit refuse to accept. See V. 73, p. 459.
Beatrice, Neb. Bona Litigation. The following is gleaned
from the Omaha " Bee " of October 27, 1901
Another paving suit against the city of Beatrice has been commenced by two
—
:
Eastern banking Institution*, lu ls»ti ihe city of Beatrice issued a series of
paving, curbing andintersection booxfs, to be payable one- tentb yearly. The
city sold these bonds to t"e Bangor Savings Bank of Bangor, Me., and the
Tompkins County National Bank of New Hampshire, and levied a tax against
the property abutting the paving and cuibing districts. The property owners
refused to pay the tax thus levied and the city was unable to meet the Interest and principal when due. Tbe two banks named have now taken the matter
to the United States Court, where they ask judgment In the sum of $2,luo and
and $10,792 and interest, respectively.
Another suit on paving bonds was recently decided in Judge Munger's Court
Omaba, tbe Court huidn g that the bonds in question were legal aud citing
tbe Mayor and Council of this city to levy a tax with which to pay these bonds
and the interest thereon, the amount involved being $9,415.
interei-t
at
1,
1889.
Stevens County, Wash.— Warrant Call.— The County
Treasurer has called for payment general fund warrants up
to and including No. 636, issued Aug. 23, 1892.
Bond Proposals and Negotiations
this
week have been as follows
Allentown, Pa.— Bonds Proposed.— An ordinance
:
is being
considered by the City Councils providing for the issuance of
$22,000 Vy0, 5-30 year refunding bonds. The proceeds of the
sale of these bonds will be used in paying off patt of an issue
of $26,500 bonds which mature Jan. 1, 1902, the remaining
$4,500 being taken from the treasury. The Mayor, in this
connection, writes us that he proposes to recommend to the
City Councils that the new bonds be offered generally to the
citizens of Allentown at a fixed premium.
Areola, 111. Bond Sale.— On October 24 this city sold an
issue of $3,000 5% current-expense bonds to John Nuveen
Co., Chicago, at 104383. Following are the bids
&
:
John Nuveen &
T. B. Potter
S.
Co.. Chicago.. $3,131 60
4 Co.,
Chicago... 3,127 00
i 3,090 00
A. Kean, Chicago
Trowbridge i, Nlver Co.. Chic $8,061 00
Geo. M. Bechtel 4 Co., Dav'pt. 8.030 00
Devltt, Tremble & Co.. Chic... S.OCO CO
Securities are in denomination of $1,000. Interest will be
payable annually on April 1, beginning in 1903. Principal
will mature $1,(00 on April 1 of the years 1907, 1912 and 1917.
Atlanta, Ga.—Bond Offering. Attention is called to the
official advertisement of the city of Atlanta elsewhere in this
Department offering for sale $418,000 3%% gold refunding
bonds. Proposals for these securities will be received until
12 si., Dec. 3, 1901, at the office of the Mayor. For full de-
—
Buncombe County, N. C— Bonds Valid.— The State Supreme Court on October 22 affirmed the decision of the scription of securities see Chronicle Oct. 19, p. 864.
Superior Court of Buncombe County, which held that the
Avaand Lee (Towns) School District No. 8, Oneida Co.,
$100,000 bonds proposed to be issued by this county were N. ¥. Bond Sale.— This district has sold nine 5% bonds of
legally authorized.
The proposed issue will be used one- half $100 each to the Oneida County Savings Bank of Rome at
to meet floating indebtedness of the county and $50,000 for par.
the erection of a new court house,
Ballston Spa, N. Y.— Bond Sale.— On October 25 an issue
Chicago (111.) Sanitary District.— Bonds Valid—The of $7,500 Z\4% water bonds was awarded to E. S. Coons of
State Supreme Court en October 24 handed down its opinion Ballston Spa at par. Securities are in denomination of $500
that the $2,500,000 4% bonds sold ty this district on Oct. 3, and the prinoipal will mature
$500 on Nov. 1, 1902, and
1900, are a valid obligation " beyond question."' The suit $1,000 yearly on November 1 from 1903 to 1909, inclusive.
was brought by John Lebsem. who contended that the pur- Interest will be payable annually at the office of the Village
pose for which the bonds were issued was illegal. It was Treasurer.
also contended that tbe issuance of these bonds increased the
indebtedness of the district beyond 5% of the assessment of
The bonds, however, were based on the assessmeLt of
1900.
the year before, and because the assessment was reduced the
next year, the Court says, is no reason for declaring the
bonds illegal. In commenting on this point the Court stated
that if the possibilities of future changes in assessments are
to be taken into consideration in determining the legality of
bonds, the value of such securities would be destroyed. See
Chronicle Oct. 20 and 27, i9ti0, and Feb. 9, 1901.
Cincinnati, Ohio.— Bond ksue Invalid.— The State Supreme Court bas reversed the decision of the Superior Court
in the suit brought by C. M. Fenner, a taxpayer, to restrain
the Board of Public Service from istuing the $100,000 street-
improvement bonds offered for sale in December, 19.0. 'Ihe
was instituted en Dec. 28, 1900, by Mr. Fenner, and the
issuance of the bonds was pei petually enjoined by the Superior
suit
Court in special stseion. ihe Super ror Court in General
Term, however, held that this ruling was in error and reversed the decision. The State Supreme Court has now, as
stated above, reversed the decision of the Superior Court in
General Term, thus et joining the issuance of these bonds.
See Chronicle Jan. 5 and March 16, 1901.
Baltimore, Md.— Bond Offering.—This city will effer for
on December 23 an issue of $1,010,000 S}£* refunding
Western Maryland Railroad bonds. Securities will be dated
Jan. 2, 1902, and will mature in fifty years. Interest will be
payable semi annually. Bonds are free from all taxes.
Baxley, Ga.— Bond Sale.— We are advised that the $2,500
5% 30- year water-works-improvement bonds mentioned in the
Chronicle September 28 have been sold.
Beluew, Redwood County, Minn.— Ab Bids Received
Bond Offering.— No bids were received on October 19 for the
$3,500 4$ village-hall bonds, although several offers were
made for 5# bonds. The Village Council has, therefore, decided to re offer the bonds as 5 per cenie, and proposals are
accordingly asked for until 8 i\ M. tc-day (Nov. 2, 1801,) by
A. O. Qimmestad, President of the Village Council. Securities are in denomination of $3.")0, dated Nov. 1. 1901.
Interest will be payable semi-annually in Belview.
Principal will
mature $1,750 on Nov. 1, 19C6, and $350 yearly on November
1 from 1907 to 1911, inclusive.
«
Bird Island School District, Renville County, Minn.—
Bond Offering.— We are advised that proposals will be received until Nov. 10, 1901 (Sunday), by F. L. Puffer, Secretary, for $5,000 5% school house bonds. Securities will be
sale
—
THE CHRON1CLH.
972
issued in denominations of $500 or $1,0U0, a« desired. InterPrincipal will mature Nov.
est will be payable annually.
15, 1911.
Birmingham, Ala.— Bond Offering.— Proposals will be
ceived nntil 12 m., November 19 (postponed from October 15),
by R. H. Kerr, Chairman Finance Committee, for all the
special assessment improvement (bonds that may be issued
under ordinances Nos. SO to 03 and 9G, 97 and 104 to 107, inclusive, the total amount of which will probably be from
$50,000 to $75,000. Securities will te in denomination of not
over $£00 and " will lun for a period of ten years, but may be
redeemed at the option of the city at any interest period, but
if so redeemed the city shall pay as a bonus a sum €qual to
one-half the annual interest for one year." Interest, at the
rate of 6%, will be payable in gold at the Hanover National
re-
Bank,
New York
Bonde are
City.
also secured
by a
lien
on
the property improved. A certified check for $300, payable
Mayor and the Aldermen, muse accompany proposals.
to the
The
official
notice of this bond offering will be found
among
the advertisement 8 elsewhere in this Department.
Bond Hil), Hamilton Couuly, Ohio.— Bond Offering.—
Proposals will be received until 12 m., November 30, by A. J,
Kiphart, Village Clerk, for $26,026 10 5* 1-10-year (serial)
Paddock Road bonds. The amount of bonds to be issued may
be reduced if any assessments made on abutting property be
paid in cash. They are in denomination of $2,662 61, dated
Sept. 26, 1901. Interest will be payable annually at the Third
National Bank, Cincinnati. Accrued interest to be paid by
purchaser. These are probably the bonds awarded on OctoMayer, Cincinnati, at 101. The
ber 14 to Seascngood
reason for the re-sale is not given.
Bradford, Ohio.—Bond Sate.-Oa October 30 the $10,000
5% water- works bonds were awarded to Spit zer & Co., Toledo, at 112-17 and accrued interest— a basis of about 4 12£.
Following are the bids
&
:
& Co.. Toledo
Seasongood & Mayer, Ciuoln
Denison. Prior & Co.. Cleve
Spitzer
R. Kleybolte&Go., Cincinnati.
Lamprecht Bros.
112-17
111*66
110*"o
.10y.">0
Co.,
107*01
Cleve
106-426
W.J.Hayes* Sons. Cleve
W. R. Todd & Co.. Cincinnati. ..lorll
[Vol. LXXILI.
was mad«
for the ttreet-inaintaining
Feb.
i2.
17, 19
innd and will mature
Denver, Colo.— Bond Snle. — Oa October 22 an i-sue of
$10,000 6-J improvement bonds whs awarded to the International Tiiist, Co. of Denver at 101*17.
Denver (Pa.) School District.— ttond OQeriug. -Proposals
will be received until 8 P. m.. November 8, ov A. (}. Brubaker, Secretary of Board of Education, for $8,00 > 4% 20year school bonds. Interest on these bond i will be payable
semi-annually free from State tax.
Dover, N. J.— Bond Offering.— Piojob&Is will be received
p. m., November 18, by the Mayor, Recorder, Aldermen and Common Conncilmen, at the office of L. D. Tillyer,
Town Clerk, for $60,000 4% water bonds. Securities are in
denomination of $1,000, dated Aug. 1, 1901. Interest will be
payable semi-ant ually at the National Union Bank of Dover.
Principal will mature Aug. 1, 1931, subject to call after
Aug. 1, 1906. Bonds are non-taxable.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Dulutli, Minn. Bonds Proposed. The issuance of $50,000
water-extension bonds is being considered. These bonds,
we are advised, have not yet been authorizad, and it is probable that they will not be offered for sale until next spring.
Datton, Ont.— Debenture Offering. Propo=als will be reuntil 6
—
—
ceived until November 4 by J. D. Blue, Village Clerk, for
Principal will mature
$1,000 4% fire-department debentures.
part yearly for ten years, payment to be made at the Traders*
Bank
of Dutton on July 1 of each year.
East Cleveland Township School District, Cuyahoga
Connty, Ohio.— Bond Offering.— Proposals will be received
until 6 p. M
November 30, by Leman Hunter, Clerk Board
of Education, for $2J,000 4% bonds. Securities are issued under the authority of sections 3991, 3992 and 3093, Revised
Statutes of Ohio, and were voted at a special election held
Oct. 8, 1901. They are in denomination of $1,000. Interest
will be payable April 1 and October 1 at the Fairmount Savings Bank Co. "on and after April 1, 1903.'' Principal will mature $1, COO yearly on October 1 for twenty years from Oct. 1,
,
1903.
I
For description of bonds see Chronicle Oct. 21, p. 922.
Fayette, Miss.— Bond Sale.— On October 26 an issue of
Brockton, Mass.— Bonds Defeated.—Tne City Council had $14,000 25-year water works and electric- light bonds was
under consideration the question of issuing $10,000 water- sold to the Jefferson County Bank of Fayette.
extension bonds, but the proposition has been turned down
Fifth Louisiana Levee District.— Bonds to hi Issued.
by that body.
This district will issue on Jan. 1, 1902, $175,000 5% 50-year
Caldwell, Idaho.— Bond Sale.- This city has sold to the refunding bonds, according to local reports.
First National Bank of Caldwell an issue of $20,000 5% 10-20Fillmore School District No. 11, Town of Hume, Alleyear (optional) gold water bonds. Securities are in denomi- gheny County, N. Y.—Bond Offering.— Proposals will be renation of $1,000. Interest will be payable January 1 and ceived until November 12 by A. H. Lyman, Secretary of the
July 1 at the Chase National Bank, New York City, or at Board of Education, for $6,000 i% school-building bonds. Sethe office of the City Treasurer.
curities are in denomination of $50i), dated Nov. 12, 1901.
Cannon County, Tenn. Railroad Subscription Election.
Interest will be payable annually. Principal will mature
An election will be held November 9 to vote on the question $500 yearly on January 1, beginning Jan. 1, 1907. The disof subscribing $133,000 in aid of a proposed railroad.
The assessed valuati on is $175,000
trict has no indebtedness.
Canton, Ohio. -.Bond Saks.— On October 28 the $0,500 and the real value about $350,000.
(three issues) 1-5 year (serial) street-improvement bonds were
Fort Wayne (Iud.) School District.— Bond Sale. -Oa Oct.
awarded to the New First National Bank of Columbus at 24 the $125,000 '6%<i bonds were awarded to N. W. Harris &
100-50 for 4 per cents. Bonds were desoribed in the Chroni- Co., Chicago, at 102*172 an interest basis of about 3*318^.
cle Oct. 12, p. 802.
Fi.r cescriptioo of bonds see Chronicle Oct. 12, p. 803.
On the same date as above the $20,000 15-year sanitary-plant
Galesburg, 111.— Bond Sale.— An issue of $9,900 4% streetbonds were awarded to Denison, Prior & Co., Cleveland, at improvement bonds nas been sold to the contractor who has
100 035 for 3>£ per cents. The following bids were received undertaken the improvement.
for these bonds
Glen Ridge, N. J. Bond Sale The highest bid received
For 3X Per Cents.
For i% Per Cents Cont.)
25 for the $35,000 4% park bonds was that of Qdo. C.
Denison, Prior & Co., Cleve. .$20,007 00 State Savings Bank, Toledo..*80,*f27 00 October
ForH'Ob Per Cents.
W. J. Hayes & Sons. Cleve. 20.424 Oj White Jr New York City, at 107*314— an interest basis of
For 5 Per Cents.
20,001 00
P. S. Brlggs & Co.. ClnclD
about 3 56^. Following are the bids
R. Kleybolte & Co.. Cinom.
For 4 Per Cents.
22.020 00
—
—
—
-
—
(
.
.
.
.
,
..
:
New
&
21.263 00
Co., Toledo
1st Nat. B'k, Columbus.. So/fti* to
Spitzer
For description
Caruthersville,
of bonds see
First Nat. B'k. Barnesville... 21,'KiOOO
Seasongood & Mayer, Cincin. 21,111 26
Chronicle
Oct. 12, p. 802.
city has voted to
Mo.— -Bonds Voted.— This
issue $26,000 water-works bonds.
—
Chelsea, Mass. Description of Bonds. We are advised
that the $178,000 school bonds mentioned in last week's
Chronicle will be issued in denomination of $1,000, dated
Nov. 1, 1901. Interest will be at the rate of 4%, payable
semi-annually on April 1 and October 1. Principal will ma
ture Oct. 1, 1925. The authority for the issuance of these
bands will be found in Chapter 202, Laws of 1900.
Clark County (P. 0. Athens), Ga.—Bond Election.—An
election will be held to-day (November 2) to vote on the questioa of issuing $33,000 4% 20-year refunding bonds.
Collinsville,
Hartford Connty, Conn.— Temporary Loan.
$5,000 for eight montns at 4% from
—This town has borrowed
the Connecticut Trust & Safe Deposit Co. of Hartford.
Colorado Springs, Colo.—B^nd Offering.—Proposals will
be received until 7:30 p. m,, November 4, by K. M. MacMillan, City Clerk, for $69,000 4% 10-15-year (optional) gold
water-works extension bonds. Securities are in denomination of $1,0C0, dated Nov. 1, 1901. Interest will be payable
semi-annually at the office of the City Treasurer or at the
Chemical National Bank, New York City.
certified check
for $5,000 on one of the banks of Colorado Springs must ac-
A
company
proposals.
Columbus, Ohio.— Bond Sale.— We are advised that the
three issues of 4% street bonds, aggregating $19,500, a description of which was given in the Chronicle October 12, will
be taken by the sinking fund as an investment.
Temporary Loan.— This city has borrowed $5°, 000 from
the Citizens Savings Bank of Columbus at 4* interest. Loan
Geo. C. White
Jr..
NewYork. 137,660
Dick Bros. & Co.. Phila
Moutclair Savings Bank
Jno. D. Kceritt <!fc.Co., N.
Moniclair Trust Co
& Co..N. Y... 136.067 60
Karson. I.each & Co., N. Y.... 3e.050 00
W. Morrison, New York... 35,702 00
M. A. Stein. New York
S5.351 00
Walter Stanton
00
37,547 00
37,050 tO
Y... 36,89:165
36,575 uo
.
L.
.
For description of bonds see Chronicle Sept. 14, p. 577.
Glenville, Ohio. Bond Offering Proposals will be received until 12 m., November 25, by Ira C. Farley, Village
Clerk, for u $12,000 1 3 year (serial) sewer bonds. Securities
are in denomination of $500, dated Oct. 1, 1901. Interest will
certified
be at a rate not exceeding 6%, payable anaually.
chock for $1,000 on a Cleveland bank, payable to tne Village
Treasurer, must accompany proposals.
Bond Election. The question of issuing
Goldsboro, N.
the $25,000 electric- light, $50,000 water, $15,000 city-hall and
§20,000 street improvement bonds mentioned in last week's
Chronicle will be submitted to the voters on Tuesday,
—
—
A
—
C—
Nov. 5.
Greensboro, N. C. Bids Rej-icted.— Following are the
bids (all of which were rejected) received October 25 for the
$65,000 5% 30-year gold sewer bonds, dated July 1, 1901, and
the $65,000 5% 30-year gold street-improvement bonds, dated
Jan.
1,
1901
:
& Mayer, Cincin.... 106-03
104-80
& Co., Cincin
104*60
W. J. Hayes 4 Sons. Cleve
105-90
W. P.. Todd & Co., Cincinnati... 10400
Feder. Holzman & Co., Cincin..
A full description of these bonds will be found in the
Denison, Prior
&
Co.,
Cleve
107-02
U. Rollins & Sons, Boston... lots*7 5
106-06
Lamprecht Bros. Co.. Cleve
K.
I
I
Seasongood
R. Kleyoolte
I
I
Chronicle Oct. 12,
Greenwood, S.
p. 803.
C—Bonds Proposed.— Tnis
city proposes to
issue $40,000 5% 20 40 year (optional) water and sewer bonds.
are advised that the plans for the issuance of these bonds
We
are not yet completed.
Guilderland Union Free School District No. 7 (P. 0. Altamont), Albany County, N. Y.— Bond Offering.— Proposals
NOVBMBEB
3,
THE CHROMCLB.
1901.]
November 6, by Winfield S.
will be received until 12 m
Keenholts, Clerk of Board of Education, frr $15,000 4? boDde.
Securities are issued uDder the anthority of Chapter 556,
Laws of 1894. They are in denomination of $1,000, dated
Nov. 1, 1901. Interest will be payable semi-annually at the
Albany Trust Co. of Albany. Principal will mature $1,000
yearly on November 1 from 1904 to 1918, inclusive.
.
Hinsdale, N. H.— Loan Authorized.— At a recent town
meeting the Selectmen were authorized to borow $10,000 for
the purpose of furnishing and completing the town hall.
Jamestown, N. Y.— Bonds Voted.— This city on October 19
voted to issue $9,000 if hose- house bonds. The date for the
issuance of these bonds has not yet been fixed.
Keut County (P. O. Grand Rapids), Mich.— Loan Authorized.—The Board of Supervisors has authorized the County
Treasurer to borrow $40,000 until January, 1902, to pay running expenses.
Latrobe, Va.—Bond Offering.— Proposals will be received
until 8 r. if., November 11, by II. H. Smith, Borough Treasurer, for $25,000 4}$i 20 30 year (optional) funding bonds.
Securities are in denomination of $1,C00, dated Nov. 1, 1901.
Interest will be payable eemi annually at the First National
Bank of New York City. A certified check for $1,000, payable to the borough of Latrobe, must accompany proposals.
Lawrence, Kan.— bond Sale.— This city has sold to Spitzer
& Co Toledo, two issues of 5# internal- improvement bonds
at 10050. One issue is for $69,953 66. divided into 139 bonds
of $500 f ach and one bond for $453 66. Principal will mature $6,953 66 on July 1, 1902, and $7,000 yearly on July 1
from 1903 to 1911, inclusive. The second issue aggregates
$7,809 61 and is divided into twenty bonds of $360 each and
one bond of $109 61. Principal will mature $829 61 on July
1. 1902, and $720 yearly on July 1 from 1903 to 1911, icclu
sive.
All the above bonds are dated July 1, 1901. Interest
will be payable semi-annually in New Yoik City.
Lemoore, Kings County, Cal. Bond Offering.— Proposals
will be received until 8 p. H., December 2, by W. F. Holser,
City Clerk, for $22,000 6* 1-40 year gold electric light and
water- works bonds. Securities were voted at the election
held Oct. 1. 1901. Trey are in denomination of $275, dated
Jan. 3, 19C2. Interest will be payable January 3 and July 3
at the office of the City Treasurer. A certified check for \0i
of the amount of bid, payable to the city of Lemoore, must
accompany proposals. The city has no bonded or floating
debt. The assessed valuation is $153,870 and the real value
about $550,000.
Lewis County (P. 0. Chehalis), Wash.— Bond Offering.—
Proposals will be received until » a. m., November 16, by the
Board of County Commissioners, A. Schooley, Clerk, for
$1CO,000 10-20 year (optional) refunding bonds. Securities
will b? issued in denominations of not less than $100 or
more than $1,000. Interest (rate to be named in bids) will be
payable semi annually at. the office of the CouEty Treasurer.
Lewis and Clarke County (Mont.) School District No. 1.
,
.
— Bond Offering.— Proposals will be received
December
3,
until 2 p.
by Thoe. E. Goodwin, Clerk of the Beard
M.,
of
Trustees (P. O. Helena), for the $250,000 i\£t gold refunding
bonds which were offered successively on June 25, July 2 and
August 5 as 4 per cents. Securities are in denomination of
$1,000. dated Jan. 1, 1902.
Interest will be payable semi
annually in New York City. Principal will mature |5, 000
yearly on Jan. 1 from 1903 to 1921, inclusive, and $155,000 on
Jan. 1, 1922. Bidders must satisfy themselves as to the legality of the bonds before bidding, and a certified check for
$5,0€0 on some bank in Montana, payable to the Chairman of
the Board of School Trustees, must accompany proposals.
Lew istc n, Nez Pe roes County, Idaho.— Bond Election.—
An election will be held November 19 to vote on the question
of itsuing $80,000 10-20 year (optional) water bonds, to carry
interest at a rate not exceeding h%, payable January 1 and
July 1 in Lewisi-on or New York City.
Lewistowu, Mont. Bond Election.—On November 12 an
election will be held to vote on the question of issuing $50,000 bonds.
Limit Extended —An election was held on Oct. 8 to
vote on a proposition to exceed the
debt limit of the city
by 5$. The proposition carried by a vote of 86 to 3.
Lexington, Mass.— B^nd Sale.— This town has sold an
iesue of $10,000 4% 20-vear gold coupon water bonds to
Blodget, Merritt
Co., Boston, at 11257— an interest basis
of about 3'149£.
Other bidders were
Adams A Co., Boston
12f>
Fstabrook A Co., Boston
112089
Jose, I'arker A Co.. BosUn
112-22
IToote Jt French, Boston
lirus
R L. Day 4 Co., Boston
112*0:0
Bonds are in denomination of $1,000, dated Nov. 1, 1901.
Interest will be payable semi-annually.
Liberty (Village), I*. Y.—Bond Offering.— Proposals will
be received until 12 n., Nov. 6, by the Board of TrusteesDavid S. Hill, President— for not exceeding $10 .000 5-15-year
sew<rbotds. Securities are issued under the authority of
Section 129 of the Village Law of lt-97. They will be dated
Nov. 15, 1901. Interest will be at a rate not exceeding 5%
and the award will be made to the person who will take the
bonds at tne lowest rate of interest. A certified check for o%
DM
H
&
:
1
must accompany proposals.
Township School District, Passaic County,
P». J.— Bond Offering.— Proposals will
be received until 8
p M,, November 7, Dy C. W. Matches, District Clerk, for
$18,000 4% bonds. Securities are in denomination of $500 and
will mature $3,000 yearly, beginning five years after date.
of bid
Little Falls
Lorain, Ohio.-*Bond Offering,— Proposals will be received
November 11, by J. J. Mahony, City Clerk, for
until 12 m.,
973
$31,000 4% street- improvement bonds. Secuiities are i>sued
under the authority of sections 2704, 2706 and '-'7i 16 Revised
Statutes of Ohio. They are in denomination cf $1,0' 0. datt-1
Sept 16, 1901. Interest will Le payable Bfarofa 10 a- <i Sepf.
15 at the Chase National Bank, New York Citv.
I'nrcipal
will mature $l,0CO on March 15 yearly and |2,< 00 ol Sept,
ber 15 yearly from March 15, 1903, to Sept. 15, 1912, > \>
on March 16, 1903, when $2,000 will mature. Either money
or a certified check for $1,000 on some tank in Lorain must
accompany proposals. Bids must be made on blank forma,
which may be obtained from the City Clerk. Bidder* hi
satisfy themselves as to the legality of the bonds before bidAccrued interest is to be paid by purcba
ding.
Los Angeles, Cal.— Bonds Xot Sold.— The |9,000,000
water bonds offered for sale on Ojt. 21, 1901, were not diaare advised by C, EL
posed of, no bids being received.
lance, City Clerk, that the City Council will take immediate
steps to re advertise the bonds.
Lubbock County, Texas.— Bonds Approved.— The Attorney-General has approved an issue of $13,000 refunding
court house and jail bonds.
Madisonville, Ohio.— Bond Election. An election will be
held November 11 to vote on the question of issuing $25,000
electrio-light-plant bonds.
.
We
I
—
Memphis, Tenn.— Bond Sale— Description of Bonds. — The
whuh the city has been
trying to effect for some months past, have finally been disposed of to N. W. Harris & Co., Chicago, after some changes
in the details of the bonds had been made.
The bonds as
sold are in denomination of $500, dated March 1,1901.
Interest will be payable semi-adnually at the Memphis Trust
Co. of Memphis or at the United States Mortgage & Trust
Principal will mature $12,500 yearly
Co. of New York City.
$250,000 4« park bonds, the sale of
on March
1 from 1912 to 1931, inclusive.
Milwaukee, Wis.— Bonds Proposed.—The City Council
has under consideration the question of issuing $100,000 refunding water bonds, two issues of street-improvement
bonds for $160,000 and $300,000, respectively, and $50,000
bonds for a natatorium and library. Ordinances providing for
these issues were recently introduced. The Finance Committee has recommended for passage other ordinances which
involve bond issues, of which $400,000 will be used for building schools, $60,000 for two police stations and $250,0 )0 for a
viaduct across the Menominee Valley at Washington A.ve.
Mineral Wells, Texas.— Bond Election Postponed. Tne
election which was called for October 29 to vote on tbe question of issuing sewer, city-hall and jail bonds has been post-
—
poned by the City Council.
Mobile, Ala.— Bond Sale.— The interest rate on the $65,000
paving bonds offered but not sold on Octobtr 10 has been
raised from 4% to 6% and the bonds disposed of to the People's
Bank of Mobile. These bonds mature Oct. 1, 1916, but are
subject to call at any time. They are in denomination of
Interest will be payable eemi-an$500, dated Dec. 1, 1901.
nually in Mobile and in New York City.
Montgomery County (P. O. Dayton), Ohio.— Bond Sale.
On October 26 the $25,000 4% 4-8- year (serial) bridge-restoration bonds were awarded to J. F. Wild & Co.. Indianapolis,
at 103-244-a basis of about 3'40#, and the $15,000 4% 9-year
levee bonds were awarded to F. Schneider & Co., New York
City, at 104 '50 —a basis of about 3-415g.
Following are the
—
bids
:
*25,000
liri'l'i,
A Co, Indianapolis
A Co., New York Cay
J. V. Wild
K. Schneider
lion
i
15,000
Is.
$25,811 Oo
»l6,«10O0
25.776 00
15.050 00
Oo
1000
16,4fO U"
1.VJ65C0
i\«750O
Teutnnta National Bank, Dayton
City National Bank, Uavion
W.J Hayes ASons Cleveland
S56.745
26.68H t
25,«51 00
25,334 00
25,312 00
Kle* bolte A Co.. Cincinnati
Seasongood A Mayer. Cincinnati
New Inst National Bank, Columbus
It.
15,247 60
For description of bonds see Chronicle Oct. 12, p 804.
Mount Vernon, N. Y.— tfond Offering.— Propose s will be
received until 8 p. M., November 12, by the Common Council, for $40,000 "&%% sewer bonds.
Securities are in dencmiration of $1,000, dated Nov. 1, 1901. Interest will be payable semi- annually at the office of the City Treasurer.
cipal will mature Nov. 1, 1929.
will be required with bids.
A certified
Prin-
check for $1,000
Newburgh, N. Y.— Bond Offering.— Proposals will be received until 4 p. it,, November 4, by Jonathan D.Wilson,
Mayor, for $3,0(0 3i^ registered improvement bonds. Securities are dated Dec. 2, 1901, and will mature $300 yearly
on Dec. 1 from 1902 to 1911, inclasive. Interest will be payable semi-annually at tbe office cf the City Treasurer,
Norwood, Ohio.— Bond O/ering.- Proposals will be received until 12 M., Nov. 25, by
E. Wichgar, Village Clerk,
at the office of William R. Collins, Room 505 Johnston
Building. Cincinnati, for $17,415 74
1- 10-year (serial) Subdistrict No. 2, Main District No. 4, sewer bonds, dated Nov.
The amount of bonds may be reduced if any assess6, 1901.
ments are paid in cash. A certified check for 5% of the
amount of bonds, payable to the Village Clerk, must accom-
W
H
pany proposals.
Nyack, N. Y.—Bids.— Following are the bids received October 24 for the $8,000 sewer bonds
:
3^
For 3*65 P, r
Ptr Ctnts.
Geo. If. Halm. .New York. .. .18,01240 W. B. In! ton A Co.. N. V ,. h.O^Oll
Dick Bros A Co., New Yoik.
t\0l7to M. A. Stem, New York
!\040 00
P,l U *
for 4 l\r C<'
W..J. Hayes * Sons. Clevu
L. Barnuin \ Co., New Y»rk
8.016 00 Jno I). Brent' Jt Co.. N. Y ..8,375 60
J"se. l'arker A Co., Boston.
8,(00 CO W. K. Todd A Co., New York.. f.iOOCO
For
<
1
.
'
I
As stated last week, the bonds were awarded
Hahn, New York, at 100-53 for 3J< per cents.
to Geo.
M.
THE CtfhONlOLE.
974
New York
•-\y t
i
issues of
City. Bond Sale.— On October 23 the four
40 year bonds, aggregating 13,600,000, were
&
Trust Co. and Lewto tne Central Realty Bond
York City, at 107-271— an interest basis
Bros..
of about 3178^, or 19£ better than the basis of the sale on
Sept. 10, 1901. Following are the bids
awarded
New
iflohn
[Vol. LXXIII.
Ottawa County (I\ O. Port Clinton), Ohio.— Bond Sale.—
2G the Fremont Savings Bank was awarded
On October
$6,003 0* l-4-year (serial) Little Portage ditch bonds at 10603
and $1,500 6* 1-4-year ( -serial) C, G. Z wicker ditch bonds at
104*88.
Following are the bids
:
$6,000
:
Jl>.ri<t
All or
>
none
©1071777
All or
©107-00
...
All or
none
©106722
All or
none
@108-«42
f
S
For
.
Farson, Leach A Co. and
K nbn Loeo & Co., New York
©106 27
Goldman. Sacbs & Co
Dick Bros.
Co. and
Laden burg. Thahuann & Co N. Y
N. W. Harris & Co. and
N. W. Halsey & Co.. New York
Franklin Trust Co
.For
(«(
@106"75
©106-164
Whole
Is^ue
©101-785
|
}
Whole
issue
©104-783
<fc
$100,"00,
6.000,
26,000,
25,010,
f
Jos. L. Buttenwieser
25,00i>,
(
26,000,
25,000,
I
any
any
any
anv
anv
anv
any
issue
Issue
issue
Issue
issue
issue
For description of bonds see Chronicle Sept. 28, p. 889,
Richmond, Ind. Bond Sate. We are advised that the
$1,700 5% improvement bonds mentioned in the Chronicle
October 12 have been sold to parties not named. Securities
©103-60
©104-50
—
are in denomination of $170, dated Oct. 1, 1901. Interest will
be payable semi-annually. Principal will mature one bond
©105C0
Aggregate amount of bidp, $39,841,000. For description of
bonds see Chronicle Oct. 19, p, 865.
All or None Bids.— We learn from a reliable source that
the city officials will not accept proposals which are commonly known as "all or none" bids at any sale of the city's
bonds taking place after the first of the year.
Ocean City, N. J.— Loan Negotiated—-The City Council
has borrowed $6,000 for street improvements.
Oglethorpe, Ga.— Bond Offering.— Proposals will be received until 3 p. M., November 8, by M. N. Childs, Mayor, for
$5,000 5% 30-year school- bouse bonds. Securities are in denomination of $1,000, dated Oct. 1, 1901. Interest will be
payable semi-annually.
NEW
H
par.
©10250
NEW LOANS
$7,189 76
..
20-year refundProvo, Utah.—Bond Sale.— The $100,000
ing bonds offered for sale on October 11 have been placed at
@10«-42
©104-25
©101-60
issue..
,
pox.
.
Henry Clayton
>j
porary loan of $50,000 with the Merchants' National Bank of
Peoria at 5%. Loan was made necessary to build an emergency hospital to take care of patients suffering from small-
10«15
©lOfi-06
all
tf.zinoo
First,
1-
$1,67:120
1,662 00
1.M8 12
1 ,689 00
County Treasurer.
Palmer, Mass. Loan Authorized.— The Town Treasurer
has been authorized to borrow $1,500 to pay a judgment for
damages to property caused by widening Commercial Street.
Peoria, 111.— Temporary lsoan.— The city has placed a tem-
Q106T.0
all
$1,000,000 bonds
1,000.000 bondH
1,000,000 bonds
600,000 bonds
80
Securities are in denomination of $500. dated Nov. 1, 1901.
Interest will be payable semi-annually at the office of the
fflffijjggfa, or any part,:::®lW796
©106-768
All or none
\
A Co., Cleveland
.v Mhmt. Cincinnati
National Bank, Barnesvllle
Lampreebt Bros. Co., Cleveland
Denlson, Prior
Both
/•U'J.
$1,601
ond
Issue
$<i.861
6,2
ongood
For $15,000 bonds
&
Domlniek. New York
Standard Trust Co., New York...
Speyer & Co. and
Redmond, Kerr & Co.. New York
C. Schumacker 4 Co., New York
©107-271
©107-1.7
J
Bhoades & Richmond, New York
Domtulck
any part
fAllornone
Bond Sc, Tr. Co. and
Lewisohn Bros., New York
Harvey Flsk Jk.Sons and
Vermllyo & Co., New ^ ork
Wright's Health I'nderwearCo
Central Realty
Fremont Savings Hank
yearly.
Rockingham County,
N.
H.— Bond
Sale.— This county has
amounts at par to local investors $29,000 3£ 20year coupon bonds. These bonds are part of an issue of $35,000 which was offered for sale on September 24, but only
$6,000 of the same was disposed of at that time, as stated in
the Chronicle September 28. For description of bonds see
Chronicle Sept. 14, p. 579.
Rosedale(Ran.) School District.— Bonds Registered. The
State Auditor has registered an iseua of $17,000 5% refunding
sold in small
—
bonds of this district.
St. C lairs ville, Ohio.— Bond Sate. -On October 23 the
$5,500 5% electric-light-improvement bonds were awarded to
NEW
LOANS.
LOANS.
^418,000
S60,000
BIRMINGHAM, ALA.,
SPECIAL ASSESSMENT
CITY OF ATLANTA,
DOVER, NEW JERSEY,
WATER LOAN BONDS.
Sealed proposals will be received by the Mayor,
Recorder, Aldermen and Common Councllraen of
Dover at the office of the Town Clerk, Dover, N. J.,
until 6 o'clock P. M., November 18, 1901, for tbe purchase of Water Loan Bonds of the said Town of
Dover, in the State of New Jersey, amounting in the
aggregate to $60,000. Said bonds are issued by the
Town of Dover under authority of an Act of the
Legislature of the State of New Jersey, entitled "An
Act to enable incorporated towns to construct
water-works for the extinguishment of fires and
supplying the inhabitants thereof with pure and
wholesome water," passed March 5th, 18-<4, and in
pursuance of a resolution of the Mayor, Recorder,
Aldermen and Common Councilmen ot Dover,
passed July 31, 15)01. and are non-taxable. Said
bonds are in tbe denominations of $1,000 and bear
date August 1st, 1901. payable August 1st, 1931, at
the National Union Bank, Dover, N. J., with four
per cent interest coupons attached, payable semiannually at the same place. The Town reserves tbe
right of paying any of said bonis on any interest
paying day after five years from date. Said bouds
will be issued bv the Town Treasurer at such times
and tn such sums as the Town Council may require
within one year from date. Interest to commence
from time ot issue.
The right to reject any and all bids is hereby re-
IMPROVEMENT BONDS.
The Mayor and Aldermen of Birmingham will
receive sealed proposals until Tuesday, November
19th, 1901. at noon, for all the Special Assessment
Improvement Bonds that may be Issued under
Ordinances Numbers 80 to 93, 96, 97 and 104 to 107,
inclusive, said bonds to be issued as provided by
law (Acts of Alabama 190<>-19j1, page 17a«) after
th« completion of the work under the respective
ordinances,
t-aid
bonds will bear
interest, payable annually; will be in
six
per
cent
denom. nations
not to exceed $500 each and will run for a period of
tea years, but may be redeemed at the option of the
City at any interest period; but if so redeemed the
Ciry shall pay as a bonus a sum equal to one-ha'.f
the annual interest for one year. Principal and
interest payable in gold at the Hanover National
Bank New York. Bonds also secured by lien on
property improved.
No bids received at less than par and must be
accompanied by a certified check for $300, payable
to the Mayor and Aldermen of Birminaham, to be
forfeited it the bidder fails to comply with the
terms of his bid. The total bonds to be issued
under said ordinances, probably $50,000 to $76,000.
The City reserves tne right to reject any and all
bids.
Add. ess,
R. H.
Vi~- Gold Refunding Bonds.
Sealed proposals will be received at the office of
the Mayor of Atlanta. Ga., until 12 o clock M., Tuesday, December 3d, 1901, for .418,000 City of Atlanta.
Ga., 30-year 3^% Gold Coupon Bonds of $1,000 each,
due December 31st, 1931. Interest payable July and
January in New York and Atlanta. Bids may be for
the whole or part of said bonds. Bidders to enclose
with bid certified checks for live per cent of par
value of amount bid for check to be made payable
to the order of Thos. J. Weepies, City Treasurer.
Bidders will be required to receive and pay for
;
bonds allotted them on December 81st, 1901. The
right is reseived to reject any or all bids
LIVINGSTON MIMS, Mayor.
WM.
Dated Dover, N.
J.,
November
1st, 1901.
HARRY S. PETERS,
L. D.
Tillyer,
Mayor.
MUNICIPAL
RAILROAD
KERR.
Clerk.
j|30,000
COATESVILLE
BOONVILLE BRIDGE
Mortgage Bonds.
FURTHER NOTICE, WE ARE
PREPARED TO, PA V ON PRESENT ATION AT OUR OFFICE, $1,037.50 PER
BOND WITH NOVEMBER COUPON
ATTACHED, OR 81.00i.50 EX THE
NOVEMBER COUPON.
First
UNTIL,
!F«
Lisman
J.
&
Co.,
BROAD STREET.
30
ZYz%
CORPORATION
BONDS
(PA.)
BONDS.
C.
H.
MAYINGS BANKS and TRUST FUND*
5*
Coatesvllle. Pa.
71
Broadway,
EDW. C. JONES
-
PHILA..
-
-
A
16
CO.,
NA88AU BTREKT.
118 80. FOURTH ST.
Congress Street, Boston.
13 Wall Street,
CO.,
York.
Ltd.,
Charing Croat, London.
MUNICIPAL BONDS.
E. 6.
STANWOOD &
Co..
BANKERS,
Devonshire Street
BOSTON.
Co.,
BANKERS,
BONDS A SPECIALTY.
NBTW YORK.
&
New
•
AGENTS FOR THE
ANGLO- AMEBIC Aif BANK.,
121
Blodget, Merritt
WHITE &
BANKERS.
Sealed proposals will be received by the undersigned until )2 o'clock nocii November 16th, 1901,
for the purchase of $30,n00 Coatesvllle School
District Bonds of the denomination of $1,000 each,
to be dated January 1st, 1902, and payable October
1st, 1931, with the option of payment annually of
$1,000 on and alter October 1st. 1902, out of the
annual tax levied for tha'. purpose. The bonds to
bear interest at the rate of :(i^ per cent per annum,
payable semi-annually.
Bids to be made on both coupon and registered
bonds; the option being reserved by the School
Board to issue either kind.
Bids to be accompanied by a certified check for
$600. The right to reject any and all bids is reserved.
\VM. H. GIBBONS.
FOR
TO
6*.
43tt
CORRESPONDENCE SOLICITED.
President of Coatesville School Board.
Investment Securities
and
TO NET FROM
SCHOOL DISTRICT
TO HOLDERS OF
RAWSON,
City Comptroller.
Each bid must be sealed and endorsed "Bond
Bid."
C.
Chaiiman Finance Committee.
For further information address J. H. Goldsmith,
Chairman Finance Committee.
Birmingham, Ala.
served.
GA.,
New York.
1
8TATE, CITY & RAILROAD BONDS.
INVESTMENT BONDS.
SEND FOR
LIST.
DENISON, PRIOR & CO.
CLEVELAND.
BOSTON.
NOVEMBER
2,
THE (HRON1CLK.
1901.
Bond Co. of St. C aireville ut 113-00 ami accrued
Following are the bids
interest.
Imperial Bond Co., su( 'vlile.|6,«48 oo BeMOoKOOd A Miiyer. Cliicln. 15.700 20
People'* Nat B'k, BarnesTille. 5,786 ou P. s. MriKKs A Co.,Cluolnnatl. B
Dak.— Bond Election.— At the general
S the question
>nng $210,000 water
I... ills to carry Interest at a rate not
t*<
d to mature in 20 years will te voted up
Siiuiinit County (P. o. Akron), Ohio.— Bond Sale.— On
October 28 the fii.'> 000 4i jail bonda
rardi d to Denison, Prior & Co., Cleveland, at 102 r>l— an i.
basis of
about i'K%. Following are the bids
on, I'rlor ft Co Cleve..»«n Ol 7.. K. Klerbolte t
Dentao.
N. W. flairis A CO Chleaao.. 06,803 00 Spltl
OO
Htate Bav. Hunk
W. J. Hayes A Bona, (lev.
Baaaoogood A Mayer. Clnoln. twi. warn Lam
..Cleva.. m,~ ,« oo
Brings \
New isi Nat.Bank.Columbua, 66,460 0u
Sioux Falls,
the Imperial
election
:
.
New
Denlson, Prior A Co.. Clove .. 6.7SM0O
R. Kleybolte.v Co.. (Mucin ... 8,780 00
nnd Nat. Hank. St. C'vil S. ...710 00
N. K.
Ki-niii.ii.
iir.-t
Nat. Bank,Barne«vUle..
Bt. Cialrsvllle.
1st Nat. U'k.('«'liiin!ni»...
1
.
&
Sous. Oleve
J. Mayes
.Jim i>i i-cli t Bros, CO., 'li-vo
TV. li. Todd
Co., Cincinnati. 6,6(15
W.
I
i
I
A
6,701 »5
6.701 oo
00
For description of bonds ate Chronicle Oct.' 18, p. 806.
Salem, N. J.— Temporary Loan,— This place has borrowed
$10,000 from a local bank for three months.
Salem, 0\\i».-Bond Xale.-On October 28 the $22,000 4% 122 year (serial) bonds were awarded 10 Seatongood & Stayer,
Cincinnati, at 101-266. For description of bonds ate CHRONICLE Oct.
12, p. BO
:
•
A
Texarkana (Ark.) Improvement District No. 3.— Bond
Sale.— The $58,0(0 6£ gold street-improvement bonds offered
for sale on October 25 were awarded at a premium of $100
to the Merchants' & Planters' Bank of Texarkana.
For description of bonds see Chronicle Oct. 12, p. 805.
Topek a, Kan.— Bond Sale.— The $58,000 4% 30-year bonds
offered but not sold on October 7 have since been disposed of
through John H. Blessing of St. Louis at par. For description of bonds see Chronicle Sept. 28, p. 690.
Trinidad, Colo. Bond Offering.— Proposals will be received until 7:30 p. m., November 25, by W. B. Humphreys,
City Clerk, for $70,000 5% gold water-works-improvement
and extension bonds. Securities are dated Oct. 1, 1901. Interest will be payable semi annually at the office of the City
Treasurer or at the First National Bank of New York City.
Sllvertou, San Joan County, Colo.— Bond Sale.— This
town has sold at par to local investors the $40,000 5g 12-year
coupon water bonds mentioned in the Chronicle July 20.
The bonds were taken as follows:
I
B. R. Galvln
|2,000
r. 1,. l'ltlicrbridge. 2,000
Owens
3,000
.las.
I
I
(Jus
Malchuo
..«2,000
John Anderson
K. Benson
Principal will mature in 15 years, subject to call after 10
A certified check for $1,500 must accompany bids.
Utioa, N. Y.— Bond Offering.— J. A. Cantwell, City Clerk,
will sell at public auction at 12 m., November 12, the following i% registered paving bonds, aggregating $46,687 46 :
5,(iOO
6,000
13.000
years.
Casper Malchus.... 2/00I j.h. Kolin
Sec uiines are in denomiLatiou of $1,000, and the interest
will be payable April 1 and October 1 at the office of the
Jno. Wlngate
Town
I
Treasurer.
INVESTMENTS.
BONDS:
WE OFFER
INVESTMENTS.
Geo. D. Cook Company,
AVILD
J. F\
CO..
&,
Successors to Campbell, Wild
& Co.,
Indianapolis, Indiana.
238-240 La
Salle Street,
Quotations furnished for purchase, sale or exchange.
CITY OF SUBIQIE, IOWA,
KEFUNDING
4s,
Denomination $1,000.
1, 1901.
Principal and semi-annual interest payable at First
National Hank in t lie City of" N. Y. Due. Ian. 1,
lOI?. without option ot previous payment.
Legal Investment for savings banks In all the
New Kngland States. Price upon application.
Bank
Building,
MUNICIPAL
RAILROAD
CORPORATION
MUNICIPAL
E. H.
Service
Corporation
BOSTON.
BONDS-
Railway and Oas Companies.
LIST ON AFFLICATION.
MacDonald, McCoy
MUNICIPAL
&
&
11,000.
Maturing
1
to 30 years.
&
NEW YORK
ST..
Co.
CITY.
T. B. POTTER,
MUNICIPAL and onunc
DLJIMUa,
CORPORATION
CHICAGO,
La
CORPORATION
Netting from
Salle Street, Chicago.
Mayer,
Street*.
CINCINNATI, OHIO.
MUNICIPAL BONDS.
Hlgh-Grade City, County, Town and Sohool Bond»
issued In leading prosperous States of the Union
•specially adapted for safe and permanent Invest
m«nt for Estates and Trust Funds.
R.FULTON &
F.
171
la
salle
BONDS
to 6* always
on hand.
DUKE M. FARSON &CO.
CO.,
street,
CHICAGO.
%%
115 Dearborn
Municipal Bonds,
ILLS.
•
LIST ON APPLICATION.
AND CORPORATION MUNICIPAL and
BONDS.
171
W, Corner Third and Walnnt
NASSAU
Co.,
San Francisco.
Seasongood
8.
A per cent 1st Morttnge Sinking Fnnd
Gold Bond-.
172 Washington Street,
BONDS.
ROLLINS & SONS
Denver.
& Power Co.
Butte, Mom.,
1
AND
Public
Butte Electric
St.
Choice Issues.
Street
(Total iHgue, $1,000,000)
Rudolph Kleybolte
BOSTON,
HO Devonshire
5*.
$430,000
Denomination,
CHICAGO,
CO.,
OFFER. TO YIELD ABOUT
CHICAGO.
BANKERS,
NEW YORK.
CHICAGO.
CO.,
MASON, LEWIS & CO.
Uonadnock Building,
FARSON LEACH &
WE
Dated July
municipal, railroad and corporation
bond-;.
BOSTON.
In
sale.
$20,000
TROWBRIDGE A NIVER
November Investments.
NEW YORK.
Municipal,
Railroad and other bonds adapted
for trust funds and savings.
Office. 1442 Broad-Exchange Bid*.
ISSUE TRAVELERS' LETTERS OF CREDIT
A VAILABLE IN ALL PARTS OF THE WORLD,
We own and offer, subject to prior
First National
8END FOR LIST
N.
31 NASSAU ST.,
CHICAGO.
Deal exclusively
CHICAGO.
N. T.
INVESTMENTS.
W. HARRIS & CO.,
BANK. BR.S.
INVESTMENT SECURITIES.
8110,000 Marion County. Ind., 3Hs.
807.000 Union Traction Co. of Ind. 5b.
Belt Railroad Common r»toclt.
Rauh Fertilizer Co. Fret. 8tock.
Indlanapolla Fire Ins. Co. Stock, Frlce 150.
"
Ind. Title Gnar.tkL,. Co. Stock,
93.
" 105.
Colombia National Bank Stock,
" 104.
II. F. Waason Pref. Stock,
Price and particulars upon application.
Leach \
retary, for $10,000 5% 10-19-year (serial) school bonds. Securities are in denomination of $1,0(0, dated Jan. 1,1902.
Interest will be payable semi-annually at the office cf the
certified check for 5% of bid must acTown Treasurer.
company proposals. The town has no indebtedness, either
bonded or floating. The assessed valuation is $250,000, about
one half of real value.
A
2,000
a.ouo
i
For description of bonds see Chronicle Oct. 12, p. 80'>.
Sjlvchter, Worth County, (in. -- Bond Offerino. — Proposals will be received until November 30 by VV. A. Jones, Sec-
>.
A
Wvnmn
;
i
hui Bon,
1'orto Rico.— Bond Offering.— Proposals will be
received until 4 p M,, November 23, by Manuel Egozoue,
Mayor, for $600,000 6£ bonds issued for the purpose of completing water works, the construction of sewers and for other
improve inentp. Secuiities are in denomination of $1,000,
dated Jan. 1, 1902
Interest will be payable semi-annually
Principal will mature
in New York City or in San Juan.
certified
Jan. 1, 1922, subjrct to cwll after Jan. 1. 1912.
check for $10,000 drawn on any national bank in the United
States or else cash to tbat amount, must accompany proposals.
Sharon, Pa.—Bond Offering.— Proposals will be received
until November 11 by Malin Ewing, Borough Secretary, for
Forty bonds
$60,000 'iy
2 % 5 30-year (optional) sewer bonds.
are in denomination of $1,000 and forty of $500 each, all
dated Nov. 1, 1901. Interest will be payable semi-annually
certified check for
at the office of the Borough Treasurer.
2% of the amount of the bonds bid for, payable to the order
of the borough, must accompany proposals.
L.
S.
November
,
Sau Juan,
J.N. Puscoe
..11.000
L.A.io M.Kilinger 1.000
!>7;>
St.,
CHICAGO.
Send for our Investment Circulars.
ARIZONA GOLD
5a.
J. F. Dili. os'si legal opinion:— "Upon ad>
o to Statehood, Arizona bonds become a letrai
investment for New Yc rk lavlnga bunk*."
Judge
List of bonds
HARRY
B.
upon application.
A- CO.,
POWELL,
Woodstock, Vermont.
CHkONKJLF.
I'HE
976
Hleerkcr Street
Lincoln Avouue
Total
118.006 67
Hi.768 02
1
Kossuth A ven uo
111,021 M7
II.
|4i;,>'87ie
(
I
I
bonds.
STATE AND CITY DEBT CHANGES.
West Hoboken, N. J.— F. A. Schwartz, Treasurer; John P.
McMahon, Clerk. This town is situated in Hudson County.
518 Wnlnut St.,
was $356,950;
floating debt, $50,215;
in 1901
total debt, $107, 1C-5.
total tax rate
ASSESSED VALUATION
was $6,500,000;
(per $1,000), $24-00.
POPULATION.—The
was 11,665;
in
1880
it
population in 1900 was 23,019; in 1890
was 5,441 in 1870 it was 4.132.
it
;
INVESTMENTS.
INVESTMENTS.
18SO.
GRAND PR
1901.
The United
CO.,
Philadelphia
THE
IH
States
Life
Co.
OF NEW
Will bay the assets of estates
in process of liquidation, anyin the United States.
YORK.
FINANCE COMMITTEE:
Geo. G. Williams, pres. Ohem.
Nat. Bank
Tucker,
Builder
WAS AWARDED AT THK PARIS EXPOSITION TO
E. H. Perkins Jr., Pr.imp. a Trad. Nat Bk.
Leather
WHITING'S STANDARD PAPERS. James R. Plum,
They are tbe only American papers which have
Active and, successful Agents who desire
ever received this— the highest honor that can be
make 1UJRECT CONTRACTS
to
WHITING PAPER COMPANY,
municate with RICHARD E. COCHRAN,
Thiid Vice-President, at the Company's
Office, »77 Broadway, New York City.
It
Insist
?
holyok.e, mass..
And
150
Duane Street, New York.
well-established and progressive Company,
thereby securing for themselves not only an
immediate return for tlieir work, but also
an increasing annual income commensurate with their success, are invited to com-
Assets, over $«,00O.O00.
Insurance
SECURE SANK VAOL.T&
I..IFE
MANUFACTURING
COMPANY.
QENUINE
WELDED CHROME STEEL AND IRC"
WALL «TRB8T.
tound and Flat Bars and 6-plj Plates and Angle
FOR 8AFE8, VAULTS.
Cannot be Sawed, Cut, or
THE
TABULATING
drilled,
Ac.
3
i
• v.ftti'f'erslntheU.S.
Stt.,
N.»
,
Attachment to the
Augustus
Remington
Typewriter.
Performs Tabular and Statistical woik of
every description quickly aud accurately.
3*
PINE STREET,
DEALER
Benedict,
New
York.
which are not combined
POLICIES OF
NEW YORK,
IN
U>CAL INVESTMENT SECURITIES
CITY RR. AND GAS CO. BONDS.
MUNIC IPAL. BOND*.
STOCKS AND BONDS BROKER.
Southern Investment Securities.
327 Broadway,
President
in the
AN7 OTHER COMPANY.
Floyd,
A. Strassburger,
&
....
N. J.
Contain
Special and Peculiar Advantages
WOK.K.S.
BROOK IV*
NEWARK,
MUTUAL BENEFIT POLICIES
and positively
Kent Ave. Keap and Hooper
CO.,
Benefit
Assets (Market Values) Jan. 1, 1901.... $74,311,468 88
Liabilities (N. J. and N. Y. Standard). 68,186,103 34
0,126,364 01
Surplus
Burglar Proof.
CHROME STEEL
Force, over 940.000.000
INSURANCE
AMZI DODD,
THE AMERICAN
Wyckoff, Seamans
In
The Mutual
S?5»
D T SPECIALTIES.
D
NJKW YORK.
with this
means they are the most perfect
on having them for your fine corres
pondence and your office stationery. Are you using
Whiting's Ledger Papers In you
Blank-Book
Samples and booklet free.
made.
CORDAGES
J.
....
conferred.
TRANSMISSION ROPE.
CITY
Geo. H. Burford, President.
John
ttS
Assessm't & Renewal Bom» -*
Jan. 1, 1905
.$21,500
.Tulyl, 1910
27,000
Jan. 1, 1911
9,000
6s,..
7,000
July 1, 1911
M&N, $50,000
Nov. 1, 1904
58.J&J,
25,000
Jan. 1,1906
Jan. 1,1908
4^s.J&J, 24,750
INTEREST on bonds marked * is payable at the First National Bank
of Hoboken and those marked t at the Hudson Trust Co.
TOTAL DEBT, ETC.—The total bonded debt on Oct. 1, 1901,
Ashland Block, Chicago,
G
1902
Insurance
REALIZATION
PH
1.
6s,
Os,
6s,
5s,
ASSETS
s
Jan.
July 1.1903
Street Improvem't Bonds— t
4s, J&J, $75,000
Jan. 1. l'.UO
Redemption Bonds— t
:
where
5s, J&J, $30,000
4^8. J&J, 1.200
5s,
5s,
$1,000.
IE
Redkmption Bonds— (Cou.)-t
When Due.
LOANS—
<fe Sites— t
J&J, $21,000.. July 1, 1902-'08
J&J, 20,500.. July 1, 1902-*10
($2,500 due yearly.)
4s, M&S, $45/ 00. .Mar. 1, 1902 to
($1,500 due yearly) Mar. 1, 1931
School Building
—
INVESTMENTS.
I
1B0 16
Ypsilauti, Mich.— Bond Election.—The Council has decided to call a special election to vote on the question of issuing $12,000 bonds for a site for the proposed science building.
Loan matures April 10, 19u2
TVheeler County, Texas.— Bonds Approved.—The Attorney-General has approved an issue of $12,480 refunding jail
bonds.
Williniantic, Conn.— Loan Authorized. The Mayor was
recently authorized by ^the Board of Aldermen to borrow
Wills Point, Tan Zandt County, Texas.— Bond Offering.
—Proposals will be received until 12 m., November 5, by
John P. Finney, Mayor, for $5,000 5% school-house and $7,000
5# refunding bonds. Securities are in denomination of $500,
dated Oct. 1. 1901. Interest will be payable semi-annually
and the principal will mature Oct. 1, 1921. Bonds are tax
exempt. A deposit of $100 will be required.
Xenia, Ohio.— Bond Sale.— On October 25 the city awarded
$36,000 of the $39 000 4£ 1- 10-year (serial) sewer bonds to Rudolph Kleybolte & Co.. Cincinnati, at 100'75— an interest
basis of about 3*847g.
Following are the bids
lHaoo
—
3-67*
Geo. Mixter, Boston
Peasoiiirood
For description of bonds see Chronicle Oct. 12, p 800.
Yazoo and Mississippi Valley Levee District, Mis?.—
Tjoan Authorized. The Levee Board has authorized the
President and Secretary to borrow not exceeding $10,000, to
mature not later than April 15, 1902.
Bonds Proposed. -It is stated that the Levee Board will
endeavor to obtain permission from the State Legislature at
its next session to issue $-'50,000 bonds to repair levees.
Youngstown, Ohio.— Bond Sale.— On October 28 the $250
5% Augusta Street grading and the $1,320 5i Tod Ave. sewer
bonds were awarded to the Firemen's Pension Fund of
Youngstown at 101-964 and 102 148, respectively. For description of bonds see Chronicle Oct. 19, p. 868.
—
3-usjt
And bluuk
Premium
Marer. Clncln .. |M7 60
4...
Lamprecnt Broi. Co.,Clere ...
37 oo
W
it-vfland. M'ar
Harei
P. B. Hi'itfUH 4 C >., Cincinnati... ' Par
Premium.
Co.. Cincinnati. .*27o 10
Co.. Clare
w>i h)
4
Itlzens' Nat- Bank, Xenla
1st Nat. Bk., Colunitiu.t
•
A
8-49*
4
I'rior
New
Securities are issued under the authority of Sub-diviBion 1,
Section 99, of the Charter of Utica, a3 amended by Chapter
They are dated Aug. 2, 1901. Interest
837, Laws of 1894.
will be payable annually. Principilof each series will mature one-sixth yearly. Purchaser will be required to deposit
a certified check for #1,000 on date of sale.
Versailles, Darke County, Ohio.— Bond Offering.— Proposals for the $10,000 5i water-works and electric-light-exten
sion bonds mentioned in the Chronicle October 12 will be
received until 12 m., November 20, by C. F. Lyons, Village
Clerk. Securities are in denomination of $3,000. Principal
will mature $2,000 yearly on Ojtober 15 from 1927 to 1931, inclusive.
certified check for 5% of the gross amount, payable to the Village Clerk, must accompany proposals. Purchasers will be required to pay accrued interest and must
also furnish blank bonds free of charge to the village.
Watertown, Mass.— Temporary Loan. On October 28 the
$50,0C0 loan in anticipation of the collection of taxes was
awarded to the Eliot National Bank of Boston at 3-49#. Following are the bids
Eliot Nat. Hank. Boston
Jose. Parker & Co.. Boston
Klerbolte
DenUon,
|
[Vol. LXXIII.
montgomery, ala.
CHRONICLE VOLUMES
FOR SALE,
NEW OR SECOND HAND,
FROM I860 TO DATE.
WILLIAM
76K Pine
B.
St.,
DANA CO.,
NewYork.
@FedFRASER