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Supplement
Quotation
Street
(Monthly)
Investors Supplement (Quarterly)
Stale and City
Dana Compart.
(Entered aooording to Aot of Omiffrese, in rbe year 1901, by the William B.
VOL.
RailwmjSupplement
SATURDAY, NOVEMBER
73.
(5™^)
Supplement <$wAm*$
In the offloe of the Librarian of Oonarresa.]
NO. 1900.
23, 1901.
Week ending November
16.
CUarlngt at—
190L
PUBLISHED WEEKLY.
Subscript Ion— Payable in Adyance
Terms of
Por One Year
$10 00
For Blx Months
6 00
postage)
(Including
13 00
European Subscription
(Including
Six
Months
European Subscription
postage)
7 50
42 14 s.
Annual Subscription In London (lnoludlng postage)
do.
do.
Ml lie
SlxMos.
do.
Above subscription includes—
Street Railway Supplement
Thb Quotation supplkmbnt
Tub Ihtestors' Supplement
State and City Supplement
i
|
Terms
Transient matter
$4 20 Three Months (13 times) .$29 00
" ).. 50 00
BTANDINO BUSINESS 0ARD8.
Six Months
(26
times)
22 OO Twelve Months (52 " ).. 87 00
Two Months
(8
.
. .
New Haven
Springfield
Woroester
Portland
Fall River
Lowell
New Bedford
Holvoko
New
W1LL1A7I B. DANA COMPANY, Publishers,
Pine Street, Corner of Pearl Street,
Post office Box 958.
NEW
Kng..
Chloago
Cincinnati
Detroit
Cleveland
New York
1801.
tl.81M7S.033
108.814.611
102.368,976
18.861.0S0
144,704.187
46,741.570
14,240,695
(1,331.103 878
128.103.888
80.863.8U3
18,846.478
186.288.841
85.801,482
14.430,801
$1,661,380,851
280,107.411
«l,831.407,28'j
Boiton
Philadelphia
Baltimore
Chloago
Seven
cities, 6 days.
oltles 6 days
.
Total
al I eltlei ,
All oltles, 1
Total
6 dart
for
week
-8-1
-15-7
+18-7
+06
+148
Rookford
890.218
Springfield, Ohio...
384 076
$1,738,860,886
830.104,937
-4-8
+81-3
Kansas City
410.84S.7et
$1,861,866,853
384.043.918
-1-8
+8-8
$2,342,446,023
$1,851,888,765
-0*4
the week covered by the above will be
cannot furnish them to-day,
given next Saturday.
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday
The
full details for
We
St.
night.
We present below our usual detailed
figures for the pre-
vious week, covering the returns for the period ending with
Saturday noon, Nov. 16, and the results for the corresponding week in 1900, 1899 and 1898 are also given. Contrasted
with the week of 1900 the total for the whole country shows
a gain of 9-6 per cent. Outside of New York the increase
over 1900 is 8'5 per cent.
Clearing*
Wichita
Fremont.
Colorado Springs...
Tot. other West..
Week ending November
at—
1801.
1000.
$
New York
1.704 418.639 1,646.582,958
111 810 036
103,188 132
80 788.817
85 466 892
81 407. b63
26.880 888
6 060 921
6.116783
3
,106.82.*
2.707 588
Washington
4 •236 861
8 611.819
Albany
8 380,072
8,972 080
Roohester
319
40
1
1.370,410
Syraouse
1 483,08?
1,068.186
Soranton
1 181.723
838 004
Wilmington
386,000
471 800
Ainghamton
85*621
831 393
Chester
481.796
878.616
Sreensburg
770
560
Not
Include
Wheeling W. Va..,
9:17.898 Not Include
Wilkes Barre
'1.883 560.131' 1 730 6HW ("31
Total Middle
Philadelphia
PlttsbarR
Baltimore
Buffalo
,
1899.
Cent.
410-3
+8-7
+3')
-7-8
+8-9
+20
16.
l
6
—21-81
+0*7
$
264 834
100 08<!
8i eei
81,8»b
8 001
8.163
8 810
2 825
[
440-1
+25-8
1808.
•
-18-21
—7-8
+78-4;
$
838 1.0JS, 708,432
156
83 601.7(3
88*
18 308 6-8
101
80 640 761
680
4 887.841
18
8 101,153
858
888
8 114 482
1,318 406
1 ,868,672
842.204
1,206 8*0
008 712,
820000
808 SOUi
403 800
816 883
320 000
In tot al.
In tot
497
i
al.
1,448 267 65a 1,331 780.0^7
+18-1
417-7
481-8
434-8
+48-7
—lo-0
4S6-2
426-3
47-0
886.161
854 600
816 468
424000
6C8 075
380 068
3d2 280
850 876
818 622
861.619
886.134
110 010
In tot al.
l,119,33"i
+22
4001
43DM
1.682.754
1.632.867
1.541,768
8^8878
«10,6f8
822.888
190.281
48.463,376
41 834.550
10.060.056
81 746 782
0.876 490
18.626.818
15.295 6 )8
6,149 086
0,767 626
5.148 743
4,297.823
1,614.880
1,818.183
603,208
160.689
1.646881
859 800
1,400.172
919 300
834,858
481 683
108.165
1.345,610
78.083.308
68 812 638
88 803 832
15,708 063
41 575 688
18.717 873
0,277 007
D.103.600
6.618 014
5.780.680
4.805 080'
4 570 605
8 810 087
2 6(2 u32
Nashville
Norfolk
1
1.80
i
0<J0
846.178
1,401,477
761 744
1.700.000
1,108.121
787 000
812 741
803 463
300 285
Chattanooga
Outside N.York..
4-ri
4200
8 166.41*4
Atlanta
Jacksonville
Total Southern...
Total all
858 007
881.168
877 840
37d 060
293 402
488 936
410 990
18 070 704
8 6.4 163
1,938 088
4,645.880
8 T0B 176
4.725.004
2.854 856
Macon
Rook
Not include d
-t-2-1
-6-6
+80-3
85,888.579
3.088 301
2 484 320
Houston
Savannah
Rlohmond
Birmingham
450.985
614,500
418.410
298.012
386.146
318 873
168.430
201.916
831.744
170.00u
48-0
+31-W
+47-4
46-2
414*1
3.012.800
Knoxvllle
Fort Worth
430-8
411-1
7383.480
Augusta
1,240.006
1.307 8 <0
906 811
8.698 546
2,801 401
8,608 0«5
1,801.464
Galveston
Memphis
0-1
416-7
48-8
48*2
26 306 818
3 436 000
8.6 .-8 158
Louisville
+16-5
6 63O,0Of.
4,653 678
8 671 602
2.419 826
23,180.138
Little
1901.
.
Louis
Orleans
New
181 026.080
12.18H.S54
7,631,680
8 135 348
6.888.761
4.800,000
8.' 98 881
1.701.000
1.808 283
1.074,187
4672
178 104.788
1,103850
Topeka
144 625 684
818.890,616
6,413 699
8.192 724
Sioux City
166,019,384
418*6
7016.455
4 888 680
Paul
468 397
818 076.038
730 893
Denver
St. Joseph
Des Moines
Davenport.
691788
633.27w
437.236
858,417.164
8,650.802
4 260.618
8 8<0.75»
1.488.470
1,460.000
610,127
Omaha
St.
450.780
141, 1C0
810,482
283,426
181.001
78 655
4,050034
Minneapolis
868.750
048 198
17.023.160
8 188 043
11,846 687
6.737 200
6,814.000
8.887 8 It
2,163.848
2 402 162
1,827 832
1,165.620
1.O8O.500
482,. .24
Helena
1,147,820
148 611.440
370 820
4V8 818
604.083
-4-7-8
+28-0
Lexington
Tacoma
1623.785
+182
Springfield. Ill
Spokane
',452
16,042 850
9.821.831
13.285 771/
7,807,811
400,723
604.212
640.00b
607,600
Seattle
1
180
1478.288
116*6'J6H
Youngstown
Portland
Los Angeles
1,618,185
169.178,7-1
80.968.850
14 666,122
14.201 230
7.177 60*
8.100,000
1,335,205
802,457
San Franolsoo
Salt Lake City
1,600.5*3
187.808566
6847,600
2517.287
1.648 077
1.671 466
-39-8
—0-6
488-3
+13*9
174,825 608
8 786 878
2,637 028
1 680 920
Fargo
Sioux Kails
Total Paolflo
day
all oltles
P. Cent
+ 88*0
168,784.328
5 063 522
+82*8
-1-8
Loan
New Orleans
St.
Other
1800.
47*4
1808.
$
148 110 017
7 443 800
2 470.4.6
877030
Peoria
Grand Rapids
Dayton
1.015,5fc0
-7-8
48-1
+86*8
+80*8
-8-1
Akron
Ralamaioo
CLEARING HOUSE RETURNS.
1889.
687,574
431,871
812,326
Indianapolis
Toledo
The following table, made up by telegraph, etc., Indicates Canton
111...
that the total bank clearings of all the clearing houses of Jacksonville.
§ulncy
loomlngton
the United States for the week ending to-day, Nov. 23,
Jackson
have been $2,312,446,023, against $2,554,681,940 last week and Ann Arbor
ToUMld. Wssfn.
$2,351,898,765 the corresponding week last year.
OUaringa— tieturnt by Telegravh.
Week BnAinq November 28
7.767.600
8,637 081
1.605,801
2,-94.631
1,602.808
1,245,826
851.846
Bvansvtlle
YORK.
161375 066
8152 600
630 484
Columbus....
Messrs. Edwards <b Smith, 1 Drapers' Gardens, E. O., will take subscriptions and advertisements, and supply single ooples of the paper
at Is. each.
118207,823
8,718 635
1.836.182
1.742.409
1.888.052
1.847,083
1,180,464
Milwaukee
London Agents:
1901.
P. Oeur
Boston
Providence
Hartford
Total
Advertising—(Per Inch Space.)
of
1900.
1457.488
1.408 »7W
648,800
1.800,000
-I-18-0
bOC«0
48'«
418*2
411-8
438-8
-6-0
488-0
43M-3
486-1
414-8
16,114,152
14,810 702
15 058 807
16,821.189
7 814 889
6 618 576
3.480 363
8.506 029
+ 10-1
687 17
482.852
6 791917
6 806 881
4,0 -2 047
3.617.018
1,705.442
880.430
l,383.85e
17i*
1.214 607
053.789
1,0 19.916
98.878
5-0.664
474.089
100 168
+16-1
55 0£* 770
63.608 519
+88-8
-o-i
+4-d
86 222 036
12 808 753
10.27 398
88,386331
11,469 008
4 181 25
6.360 831
4 8-4 80d
3.160 036
8.401 6-1
8,246,18-
5.113900
+14-8
+lv0
—
<!6-S
->
—as-2
+10-6
—lira
-lal
48-4
46*1
-8l-n
48-0
—4-1
417-6
4«1-
+ 10-6
423-6
00
+ .H-.
-b-2
40-1
~1O6410 808
+10-8
406
850 848 851
tea 80i 052
48*5
21000 0Q0
17 304 571
11488 773
2 501 001
1.600 000
803 817
778.41*
721 10'
421-1
483-4
408-2
1-
783.991
688 000
147 834
40 214.018
1.810 8 3211 884 010
117,6-8.868
.864.
870 946
611,010
181,806
466*8
415-4
800 000
867. J00
813 261
407.148
303.'
2.588 2.-2
1.122.V94
1,149.108
777.001
1.4*1.857
6
-14
611 80C
I, '88 701
990,000
885 000
866 253
440 256
20i 040
l,->77
1281
7.837.179
4 251.044
3.788.203
2761.627
8,111.179
1.0.8 874
1.312 080
130.680
1.030.686
1
8SS 040
067 888
636 088
614.000
480.780
430,000
261.144
80 931 4
83 011.237
2,005.408 870 .716 748.466
743 031613
6;i.0J4B*3
15.838 867
8 708.384
4-1*7
033
10*
5-U
480
821
680 231
-82-2
881870
40-3
838.807
779 867
670 477
691 848
630,018
84.073 528
81 806.428
ClKinlMontreal
Toronto
Winnipeg
Halifax
Hamilton
St.
14 078 002
4.833 02"
1700 000
964 0-7
788 707
4-0 680
1066 804
John
Viotorta
Vancouver
Qncbeo
Total Canada
...
1,600
(8.'
ll.^Ort
8H
1068 688
Not Include d
38 157 670!
-4-18*8
4U-7
10.141
10 014
5 283
1,157
83
2.63-604
1.157.188
In tot al.
481-8
THE CHRONICLE.
1080
[Vol. LXXIII.
has been true not alone of the market this week but
of the price movements for some time past.
There
1HE FINANCIAL SITUATION.
Gold exports and the threatened action of the
Governors of Minnesota and other Western States
against the $400,000,000 Northern Securities Company have been the events attracting chief attention
the current week, and have in large measure controlled
Some writers
the situation on the Stock Exchange.
claim, we see, that the gold movement is having no in-
would appear to be good grounds for the favor with
which the anthracite properties are regarded. The
anthracite trade is in better shape than it faas been
for
years.
In
the
exceedingly
active.
from
general
the
first
This
plaoe
follows
prosperity
of
the
in
all
demand
good
is
part
industrial
fact
that
the
business
and
from
fluence whatever on the transactions in securities, men are making money, and that labor is well embasing that view upon the circumstance that money ployed at good wages. The anthracite trade, accord-
is still
low.
The present condition
interests,
ing to past experience,
of rates for loans*
our bank reserves continue shortened and
further endangered, is without weight in a discussion
of the future ease with which money may be borrowed.
Not long ago interest rose in a night from 4 to 60 per
cent and for a time discounts were not procurable even
at the latter figure; the money market record also
while
is
always the last to feel the
and therefore until the
present year it did not participate to any very great
extent in the benefits of the industrial revival which
the whole country has been enjoying the last two or
effects of business prosperity,
Now, however, the forward movement
very pronounced. The fact that stocks both at the
three years.
is
comes suddenly. shipping points and in retailers' hands were reduced
shows that the squeeze
Besides when facing a possible derangement, it is to very low figures towards the close of 1900 by the
more often what is imagined as in prospect, and not miners' strike which prevailed at that time, has
what has developed, that makes operators timid. It served to augment the demand, and both the amount
is well enough to add that the prevailing view among of coal mined and the amount consumed for the curbankers is that we shall pass this monetary crisis rent calendar year will far exceed that of the best
previous year.
without any serious spasm.
At the same time the companies are getting a good
No solicitude has been occasioned because of the figure for their product. Circular prices seem to be
The concentration of control
hostility expressed by certain Western State officials absolutely maintained.
Even before the operations
against the "consolidation," as they call it, of the makes this possible.
which
Union
Pacific.
marked
Pacific
and
the
advent of 1901, and which placed
Great Northern, Northern
They show lack of exactness in the choice of words the Central of New Jersey under the wing of the
when they speak of a union of ownership as a "con- Reading and the Pennsylvania Coal Company in the
solidation." We assume they were driven to adopt control of the Erie, the situation as to prices
that name so as to be able to make out a casus belli. bad been greatly improved as the result of the
Unless they can establish the existence of some such harmonious relations which had been established
compact, giving the arrangement a character very dif- between the different interests, always limited
ferent from what it is, no valid objection can be made in number. Now discord seems to have wholly
The effect on profits has naturally
to it. An individual has the same right to buy disappeared.
block of stock in a company or in been marked. Any one can judge for himself how
large
a
has
to purchase a much more the companies are getting for their coal
he
several companies as
that
right,
any greater by comparing his coal bills for this year with those of
smaller portion, and if one has
the
same
legal
authority. last year and the year before, making due allowance
possess
individuals
number of
Having secured the stock they evidently can transfer for the fact that wages are higher, and that moreover
it to other holders or all to a single holder if they so the retailer is never loath to help the advance along by
choose. By doing that they have not changed in the adding on a little extra profit for himself. Finally,
we have now reached the time when comparison
least the character of any of the corporations theyob
usually
tained a property interest in. Nor does the fact that they is with the strike period last year, when reThis means that for two
have thus obtained an interest in several competitive sults were very poor.
transferred
and
that
interest
sold
or three months to come the record will be one
companies and have
alter
in
any
or
degree
restrict
the
large gains by reason of that circumstance.
of
holder
single
to a
powers or duties of those companies.
In
The
began in Saptember last year, but
a State has the legal right to discriminate and specify it was not until October (during practically the whole
among would-be buyers the person or persons who can of which month mining was suspended) that the most
purchase the stock of its corporations, and until they serious losses resulted. We have in the statement iscan limit the parties who have thus purchased as to sued this week by the Central of New Jersey for the
whom they can sell until the State can thus restrict month of October an indication of the character of
ownership and transfer, we cannot see how it can in- the returns that may be looked for. The Central
Of course those who have shows gross of $1,543,880 ,for October 1901, against
terfere in this purchase.
obtained the majority interest in these corporations only $1,028,814 for Oitober 1900, and net of $633,107,
might operate the roads so as to make themselves against $238,534. It may be added that for the year
Any board of to date, that is for the ten months to October 31, the
amenable to State anti-trust laws.
And there is no more prob- Central reports an increase of $1,513,418 in gross and
directors could do that.
ability of its being done now than there was before of $1,220,210 in net over the corresponding period in
1900.
the change in ownership.
brief, until
strike
—
The Hocking Valley Kailway Company has declared
Aside from the advance in New York Central,
which has been the feature of the week, and the firm- its second dividend of 11 per cent on the common
ness of the other Yanderbilt stocks, the anthracite stock.
The first dividend was paid last July; the
coal properties have evinced great strength.
This present dividend is payable in January, and is dis'
November
THE CHRONICLE.
23, 1901.]
tinctly declared to be Bern-annual, bo that the
ia
now on
a 3 per cent basis.
stock
This must be regarded
than three
years since the present company succeeded the old
Columbus Hocking Valley & Toledo, which became
very conservative action.
as
It
leas
is
embarra8eed and was sold at foreclosure. The new
company paid dividends on its preferred shares almost from the beginning, 1£ per cent being given the
holders of these shares in January 1900, which
amount was increased to 2 per cent the followhaa
been continued
rate
ing July, and this
1
1081
bach, Ickelheimer'B shipment, went to Pane; this firm
made
their export to (jermauy.
On Thursday Laden-
Thalmann & Co. shipped $503, 93 s 87 to
This makes the total for the week $7,833,522
burg,
Paris.
00, as
above, aad since the beginning of the year $47,681,As a partial offset to the week's withdrawals
836 34.
payments at the Sub-TreaBury
were large, amounting to
for unmatured bonds
of
which
$3,660,000 was disbursed by
$5,329,351 43,
The week's payments for bonds make a
Wednesday.
of gold for export, the
total of $55,648,075 64 since April 2.
In addition to the
from the Treasury the
above-noted supply of money
The Bank of Montreal received $1,000,000 gold from Cancent to which it is entitled as a firat
pajmenta on the common shares, as already stated, ada, which was temporarily loaned on the market.
were inaugurated last J aly. We reviewed the report There has been placed in the Sub-Treasury to the
for the fiscal year ending June 30 1901 in our iaBue of credit of the superintendents of the Pacific Coast
regularly eince then, giving the stock
the full 4 per
preference.
September 28. From thi8 it appeared that the com- assay offices about $4,000,000 with which to pay
pany had available net income for the twelve months checks which are expected to be drawn by these
of $2,342,056 with which to meet fixed charges of officials against deposits of Yukon bullion and also
$987,879, leaving a surplus above the charges of $1,- gold which will soan arrive from Australia and
Dividends of 4 per cent on the $14,000,000 Japan.
354,177.
preferred stock call for $560,000 and 3 per cent on
Money on call, representing bankers' balances, has
the common requires $312,648, making $872,648 toSince the close of the fiscal year there has loaned at the Stock Exchange at 5 per cent and at 3
gether.
been further improvement in results, the surplus per cent during the week, averaging about 4£ per
above charges for the three months ending September cent. The market appeared to be well supplied early
30 1901 being $348,361, against only $243,242 in the in the week from the Treasury and from private
bankers, and hence it was not disturbed by the unexcorresponding three months of 1900.
There was no change in the official rates of discount
by any of the European banks this week. The open market rates at London were slightly easier on Wednesday,
while those at Berlin and Frankfort showed a decline
of i of 1 per cent compared with last week; the rate at
Paris was f of 1 per cent lower, the latter reflecting
the receipts of gold from New York. By the end of
the week, however, there was a firmer tone and a
fractional advance.
It is announced that a New Zealand 3 per cent loan for £1,500,000 will be brought
out in
London
at a selling price of 94 per cent.
The statement
of the
New York
Associated Banks
week included the return made by the Seventh
National Bank, which began clearings on Tuesday,
and therefore comparisons with the statement of the
previous week are somewhat misleading. The return
showed a decrease of $4,427,600 in loans, a loss of
last
pectedly large withdrawals of gold for export.
On
Monday loans were at 5 per cent and 3^ per cent, with
the bulk of the business at 4 per cent.
On Tuesday
transactions were at 5 per cent and at 3 per cent, with
the majority at 4£ per cent.
On Wednesday loans
were at 5 per cent and at 4 per cent, with the bulk of
the business at 4£ per cent.
On Thursday transactions were at 4f per cent and at 4 per cent, with the
majority at 4£ per cent.
On Friday loans were at 4£
per cent and at 3 per cent, with the bulk of the business at 4 per cent. Banks and trust companies early
in the week marked up their loans from 4£ to 5 per
cent.
Time contracts were
firmly held until
Wednes-
day at 4£ per cent for choice, 5 per cent for good
mixed and fy per cent for industrial collateral for all
periods from sixty days to six months. After that
day, however, loans were more freely offered, and 4£
per cent was quoted for six months on good mixed
and 6 per cent for industrial security. The supply of
commercial paper is quite moderate.
The local dereserve was increased by $1,413,900, to $10,103,825. mand is light, and that from near-by interior cities ia
The Seventh National reported $3,157,400 loans, only fair.
Rates are 4^@5 per cent for sixty to
$2,510,000 specie, $161,800 legal tenders and $4,760,- ninety-day endorsed bills receivable, 4|@5 per cent for
000 in deposits. Deducting these amounts from the prime and 5@5^ per cent for good four to six months'
totals reported by all the banks would cause the state
single names.
ment to show a loss of $67,900 in surplus reserve, reducing this item to $8,622,025.
The Bank of England minimum rate of discount re-
$749,700 in specie, a gain of $1,079,900 in legal tendThe surplus
ers and a loss of $4,334,800 in deposits.
The
week amounted
which $7,329,583 19 went forward
on the steamer Kaiser Wilhelm der Grosse, which sailed
on Tuesday.
This was the largest shipment of gold
by a single vessel on record, and it seemed to indicate
extreme urgency on the part of remitters to meet maturing contracts. The shippers of the gold on Tuesday were Lizard Freres, $2,568,109 38 ;
Heidelbach, Ickelheimer & Co., $1,506,766 T3 ; Gold
man, SachB & Co., $1,005,533 11
the National
City
Bank,
$1,243,523 24
bars
and
$250,000
coin, and
Baring, Magoun & Co., $755,650 73.
All these amounts, except $1,000,000 of Heidelexports of gold to Europe this
to $7,833,522 06, of
;
mains unchanged at 4 per cent. The cable reportB
sixty to ninety day bank bills in London 3$ per cent.
The open market rate at Paris is 2f per cent, and at
Berlin and Frankfort it is 3 per cent. According to
our special cable from London the Bank of England
gained £288,233 bullion during the week and held
£35,212,617 at the close of the week. Our correspondent further advises us that the gain was due to £305,000 net receipts from the interior of Great Britain
and to exports of £17,000, of which £10,000 were to
the Cape and £7,000 to Gibraltar.
The
foreign exchange market was remarkably firm
until Friday, influenced by a scarcity of bankers
THE CHRONICLK
1082
and by a continued demand to remit for the
payment of maturing contracts, which conditions
have resulted in large exports of gold to EuropeThe fact that the demand for exchange did not relax
because of these exports would seem to indicate that
no bills were sold agiinst them, for had such bills
been marketed, as is customary, for the reimbursement of shippers, the offerings of so large an amount
as that which represented Tuesday's export would
most likely have had a very perceptible effect upon the
market, whereas the tone remained quite firm. It is
stated that, as was the case last week, the gold was
forwarded chiefly for the direct payment of money
borrowed through exchange loans, which loans
have been negotiated from time to time within
interval
past
the
the
six
months,
and in
have
been
extended.
The money is said to
have been borrowed largely for the purpose of
paying for the securities which were brought hither
from Earope during the first four months of the year
when the high prices ruling for these properties induced their sale by Europeans. The loans first made
appear to have been renewed in the expectation that
later in the season exchange conditions would be
more favorable for their payment. Why they have
not been bankers explain by claiming that the movement of grain and cotton has been much less than
usual, and this has resulted in a small supply of bills.
drafts
On
this
point the facts are that corn
is
short, but
[Vol. LXXIII.
forwarded to pay maturing obligations. The fall in
rates for exchange on Friday, which was caused by
liberal offerings of bankers' bills as the result of large
renewals of exchange loans, would seem to indicate
that gold exports for the direct
payment
of these
ma-
turing contracts will be small in the near future. The
Assay Office paid $929,216 58 for domestic bullion.
Gold received at the Custom House, $22,583.
Nominal rates for exchange are 4 86£ for sixty-day
and 4 88^@4 89 for sight. Rates for actual business
opened on Monday at an advance of three-eights of a
cant for long and for cables, compared with those at
84|@4
the close of last week, to 4
and to 4 88|@4 88f
85 for the former
for the latter, while sight
advanced
one quarter of a cent, to 4 88@4 88£. The market
was quite strong, and though there were comparatively
large offerings
of
cotton and grain
bills,
the
demand
them was so urgent that they were quickly absorbed at advancing prices. On Tuesday the market
was a shade easier in the morning, when short was
for
quoted at 4 87&@4 88, but in the afternoon there
was a revival of the inquiry and the market
closed strong at the quotations of the previous day.
On Wednesday
the market continued strong, though
On Thursday
were unchanged.
rates
the tone grew
the temporary absence of demand,
and while long remained unchanged short and cables
slightly easier, in
one-eighth of a cent to 4 87J@4 88 for the
former and to 4 88£@4 89f for the latter. The tone
was weak on Friday. Then there were free offerings
fell
off
wheat, including flour, has b8en running larger than
a year ago, while the cotton movement since the first of bankers' bills, which resulted from the renewal of
of September is a trifle larger than last year and maturing exchange loans, and long and cables fell off
very much more than two years ago. Indeed, take one-quarter of a cent, while sight declined onethe Bureau of Statistics October statement of the ex-
eighth of a cent.
port of breadstuff a, provisions, cotton, &c, and we have
a total of those articles for that month of about 14
rates for
than in 1900, but much larger
than in 1899. Consequently the scarcity of bills does
not seem to be explained by saying there are fewer
being drawn than in an ordinary year.
As the period approached when the extended loans
above referred to would mature the demand for ex
chaDge for the settlement of these contracts grew
urgent, and hence high rates for exchange prevailed.
Inasmuch as sufficient exchange could not be procured
for such settlements, shipments of gold became imThis will probably account for the large
perative.
export of the metal on Tuesday, which reflected ex
treme urgency at that time in the demand for remittance. The apparent relaxation^ the inquiry for such
form of remittance which was indicated by the smaller
shipment of gold by Thursday's steamer is explained
by the fact that the profits of gold exports were lessened by the rise in the rates of exchange at Paris on
London to 25f. 18c, probably due to the purchases
There
of such exchange during the previous week.
was also a fall in the price of gold in the London
The
exchange by some of the leading drawers.
DAILY POSTED BATES FOB FOREIGN EXCHANGE,
million dollars less
bullion market after
Wednesday
and
to ?6s. 4d. for eagles,
in the price of gold in
London contributed,
as
above
reduce the profits of gold exports hence,
though exchange in our market ruled until Friday at
even higher rates than those of last week. There
appears to be considerable uncertainty respecting the
extent of the requirements for the adjustment of
exchange loans; consequently no estimate can be
noted,
made
MON.,
FBI.,
Nov
Magoun 4 Co..
86*
85*
89
8*
85*
86*
85*
86*
89
89
89
85*
88*
86*
88*
86*
88*
86*
88*
es*
88*
88*
86*
68*
86*
86*
88*
85*
88*
85*
88*
85*
4
J
Sight...
488
88*
4 85
4 88*
85
4 84*
4 88
86
84*
86
Heldelbaoh, let- (60 day*
elbeimer 4 Co, { Sight..
(60 days
.aiard Freres
.
erohanti' Bk.
of Canada
85*
89
60 days
{
Sight,..
I
60 dayi
{Sight...
The market
88*
86*
88*
88*
86*
88*
88*
88*
86*
98*
88*
488
486
88*
THTTB., FBI..
Nov. 21. Nov. 23.
80
J
of Commerce.. {sight...
xO.
86*
4
4
Wkd.,
Nov
85*
4 85
Sight...
88*
81*
TPK8.,
Nov. 10.
89
85
60 days
J 60 days
No. Amerlot,.. {Sight...
1 60 dan
Sank of
Montreal
{ Sight...
anadlan Bank J 60 day
<
18.
(
inak British
.
Nov.
I
Brown Broi
Sarins,
15.
59
80
89
89
89
4 85
86*
86*
85*
85*
86*
88*
4 84*
488
88
85
89
89
89
89
86*
88*
85*
88*
§5*
88*
85*
88*
4
88*
84|@4 84$ for long, 4 87f &
87£ for short and 4 881 @* 88£ for cables.
Commercial on banks 4 84@4 84^ and documents for payment 4 83i@4 84f. Cotton for payment 4 83i@4 83$,
cotton for acceptance 4 84 @4 84£ and
for
grain
closed at 4
I
payment
4
84£@4 84f
The following gives the week's movements of
money to and from the interior by New York banks.
Week Ending November
22, 1901.
Received bv
W.'
to 77s. 9d. per ounce
due to the smaller
demand for gold in London for shipment to Paris.
The rise in French exchange and the concurrent fall
for bars,
following shows daily posted
3urrenoy.
>oid
Total gold and legal tender*
Net Interior
Movement.
Shipped bv
T.Banks. N. T. Bank*.
17,980,000
16,117.000
749,000
697,000
Gain. $2,868,000
68.000
Gain.
18.729.000
15,814.000
Gain. It 915.000
With the Sub-Treasury operations and gold exports
the result
is
as follows.
to
of
the amount of gold
which
will
have to be
Week Ending November
29, 1901.
Banks Interior movement, aa above
Sub-Treasury oper. and gold exports
The following
4
n the principal
Inu
Out of
Net Chant* («
Banks.
Banks.
Bank HoUinss.
18,729.000
$5 814.000
Gain. 18,915,000
30,400,000
36,400,000
Lots
139,129 000
$42,814,000
table indicates the
European banks.
6.000,000
Loss. $3,085,000
amount
of bullion
November
,3,
Kuvember
u«nk
THE CHRONICLE.
1901.
November
81. 1901
Said.
Silver.
1
QarmaQT*
aoMla
Aai.-Uniitf'y
luteu.
*
81.(53.801
13.837.000 16,824.000
15.400.000 1,720,000
80,lrtl.0<K.
Italr
16.934 000
4.058.000 1SB66.000
6,7418)0
•
Silver.
13rt, 087.731
1
NaL Beln'm
I
M
06,408,888 44.088.647 140.686.685 08 866,478 44,672,850
30,400.000 16,707.000 46,107,000 87,868.000 14.030.000
O3.0S8.OOO B.008,000 Tl.fl49.000' 60.087,000 e.oia.000
4S.0S7.O00 10.888 000 •6,4 40.000, 88.860.000 0,750.000
6pam
Netherlands.
Wold.
86.818,617, 81,863.801
86,818.617
fraooe
lotal
8,048.000
8 046.000
6.883 100
1.683 000
81.018.000
17,880,000
a considerable indebtedness due by us to
Europe? Of course we do not need to say, since
it is well known to our readers, that for more than
StateB
88, 1008.
•;
41,308.000
75,040.(XX
1083
to
we have been continuously redeeming securities held for a long time in Europe but drawn
here for sale, attracted by the high and advancing
five
years
48,100.000
17.180.000
11.788,000
4.877.000
5.60-1,'XX)
10.381,000
4.660.000
1,863,000
1,486.000
4,878 OIK
Toutbli week 312.489 3^6 108890647 416.379.062 290.735.868 09,847,260 39'< ,073.688
Tot. Drer. w'k 818.047.841 108286049 414.838.800 806,888.127 08.5« ,631 .104.350.748
prices
of coin
Is
made
from the best estimate we are able to obtain; In neither case Is It
claimed o be aoourate, as those banks make no distinction In their
weeklr returns, merely reporting the total gold and silver, but we
bellet
the division we make Is a olose approximation.
i
t>
York.
Since, however,
1901
opened and for months before that we do not believe
that the net security movement against the United
States has figured to nearly as large an extent as previously.
The division (between gold and silver) given In oar table
and bullion In the Bank of Germany and the Bank of Belgium
'
New
ruling in
That
is
Europe has since that date
here as well as sold them. Although
to say,
bought securities
it is
impossible for any one to
fix
with authority the
balance these two movements have netted, we incline
to the opinion from what we have gathered from in-
Europe holds of our securities
same in amount it held in
GOLD EXPORTS DO NOT ENCOURAGE 1900. Other movements of capital have, how1 HE VENTURESOME.
then
become an adverse feature,
since
ever,
Industrial affairs are under marvelous headway. and are in good measure ^responsible for the change
Phenomenal aotivity is expressed by every ordinary that has taken place. For more than a year we have
Railroad earnings, Clearing House re- been making largely increased investments in Europe;
indicator.
turns, trade reports, demand for labor, high wages
our people have bought Government bonds, city bonds
all tell the same story, that the current year showed and various other kinds of stocks and bonds, besides
unprecedented progress, but the coming year prom- investing in many important and extensive entertelligent sources that
to-day pretty nearly the
ises
the
to
outstrip
maximum
it.
Nor
of speed
is it
generally believed that
has been reached even yet.
Congress is to meet next montb, and it is in the air
that the Nicaragua Oanal is to be started on a broad
basis, numerous new naval vessels are to be ordered,
liberal river and harbor appropriations made, fat subsidies granted, and a bank-note inflation scheme
passed in fact, everything that could help "to make
—
the wheels go round " faster
is
to
be provided, and
the surplus income thereby distributed.
Most
likely
these plans for free-handed legislation will in large
be that as it may, affairs are already outspeeding all precedent.
Would it not be wiser, in view of these and other cond itions which are inducing current gold exports, to slow
up rather than to stimulatebusiness movementsjf urther ?
We are not permitted to doubt that our international
part
fail
;
monetary situation, however considered, calls for a
period of less dash and more deliberation than has
marked the conduct of affairs recently. The current
gold outflow is anomalous. Its volume is so large, the
movement is so rapid, and the rise in exchange so persistent, that it conveys the idea of specialjurgency, not
in E a rope for gold, but in New York to pay what we
owe. The mere loss of gold is in itself of no importance.
It is the condition which the movement of the
metal under existing circumstances seems to disclose
which have no doubt absorbed large amounts
These will probably prove good investof capital.
ments, but they have to be paid for. We cannot eat
our pudding and keep it too. Besides that, merchandise exports have been falling off a feature
which is likely to become more marked in future
months. This latter has been caused by advancing
prices for commodities here against falling prices in
Europe.
Some of these advances have of course been due to
combination, but a very small part of them. Coal for
instance is higher than a year ago, but the public
favored, very properly we think, higher wages to the
miner, knowing that the record running over a long
series of years showed that there had been no profit
for some of the largest producers during that period
in mining and marketing coal.
Of course under such
circumstances the advance in wages had to be paid by
consumers. Then again we see it announced that
prices for beef, hog products and numerous other food
prises,
—
articles
advances
are
being
made
marked
up.
Why
are
these
because the corn crop
products are short. We
have ourselves on a previous occasion under-estimated
the harm resulting from the great falling off in the
single article of corn.
That crop enters into so many
other industries and becomes a part of eo many other
that must arrest attention. Take the ..fact that this products that the loss has a wide influence.
While,
great activity in gold exports is concurrent with the therefore, the country may congratulate itself because
period when merchandise exports are at their maxi- it has the current season an abundant wheat and a
mum that connection cannot suggest a cheerful out- fair cotton crop, yielding large surpluses to send to
look for future months when merchandise exports Europe, any one seeking to obtain a true estimate of
will be more contracted.
If we add to that statement the real situation must remember that under the upthe further circumstance that a very large monthly fa- ward tendency in value8 now in progress many an
vorable trade balance has been accumulating during the item we have exported heretofore will this year be
past five years, and has also continued to accumu- found figuring in the column of imports.
late in 1901 down to the latest return, and is accumu.
These suggestions do not by any means indicate an
and
other
?
Clearly
agricultural
—
lating to-day, all of which has apparently been used
up in paying our debts without satisfying them
There are evidences on
every side of soundness and real prosperity.
At the
what an uncertain, and may we not say perplexing, same time, if what we have said correctly represents
prospect is opened for our contemplation.
the situation, it shows that there are features in the
How has this revolution in our international mone- outlook which throw about the immediate future suftary situation been brought about
involving as it has ficient incertitude to make a conservative instead of a
a change from a very large balance due the United hysterical policy quite desirable.
—
unsafe industrial condition.
THE CHRONICLE.
1084
them. A fair
nothing less will
[Vol. LXXJII.
and no favor
is wanted, and
Tnis is a declaration that
the United States will concede and exact the tame
the
annual
gradual
tradition
that
in
has
grown
mutual fairness, and it will be received (for it
A
dinner of the New York Chamber of Commerce plainly is intended) as a friendly statement, not an
is of some national importance as an occasion when aggressive and assertive one.
We Americans shall
justified,
stand before kings for here Mr. Hay verges upon
measures of public policy are explained,
criticised, or foreshadowed, bj speakers of command- epigram as he concludes
we shall be diligent in
ing position.
This tradition was confirmed anew on business and shall stand but not swagger, granting
last Tuesday evening, when Secretary Hay, in a ead all that is right and accepting nothing less.
Equally significant is his plain foreshadowing of an
and strange sense representing not only the present
but what must technically be called the late Admin- irresistible pressure towards such a charjge in legal
istration, after a graceful and feeling tribute to the status as Bhall relieve our cramped production. There
memory of Mr. McKinley, in whose actual personal is a mention of reciprocity, and the germ of unrest in
that possibly disturbing word is the elementary fact
stead he appeared, proceeded to speak of diplomacy.
This word is defiaed by the Century Dictionary as that it is impossible to sell without buying. Discussion
" the science of the forms, ceremonies and methods of thiB would be premature to-day; but Mr. Hay's
to be observed " in the intercourse of nations and as speech is one more evidence of a coming agitation of
" the art of conducting such intercourse." The whose result and a wholesome result there can be
practice of this art has indeed largely consisted of no doubt.
His reference, in a single sentence, to the
ceremonious expressions and terms which conceal Isthmian Canal, under exclusive American ownership
while pretending to convey, and of attempts to make and control, also foreshadows the tenor of the newlythe other side expose itself in order to get the better signed treaty and its probable ratification. InternaTime itself has modified this somewhat, and tionally speaking, this country is launched. We are
of it.
the entry of the United States noticeably into inter- committed and concluded, with the way closed behind
It sounds us, and we are no more able to return than the oak is
national dealings has modified it more.
strange at first and yet seems the next moment to retract into the acorn. Some of us would have
perfectly natural and characteristic to hear Mr. Hay chosen otherwise, but none of us chose at all.
That
say unhesitatingly, as the result of his long diplomatic very fact, on the broad view, should give us both
experience in both London and Washington and his soberness and courage.
study of American history, that we Americans have
generally told frankly what we wanted, stated what
BALTIMORE & OHIO REPORT.
we were ready to do, and then have allowed the other
There is one thing relating to the present Baltimore
side to say yes or no. Because frankness begets frankness, other Powers have more and more shown the & Ohio report which seems thus far to have passed
unnoticed, but which deserves a word of comment.
like spirit of straightforward sincerity.
Mr. Hay's condensation of the American idea in We refer to the circumstance that it appears from the
conduct as a union of the Monroe Doctrine and the usual head line over the top of the report that the
Golden Rule is so epigrammatic that it will at least present is the 75th annual statement issued by the
The Golden company. A corporate existence of three-quarters of
pass into the list of American phrases.
Eule Is readily susceptible of sophistical perversions, a century that is a distinction which no other railand one of the most clever of these is David Harum's road in the country can claim. The fact that the redo to the other fellow what he would like to do to cent reorganization of the property was effected withBut this country has stayed at out foreclosure, thus keeping the corporate identity
you, and do it first.
home, even commercially, until recent events not of unchanged, has operated to preserve this important
our own making forced us into the outBide turmoil, historical incident, making it possible to continue the
SECRETARY HAY AT THE CHAMBER
OF COMMERCE DINNER.
field
satisfy.
—
—
—
—
—
—
THE
—
—
to be longer con- consecutive numbering of the yeaTs, ir stead of beginswaddling-bands.
It
is a fact not to
ning anew as would be the case if the road had been
tained in our
be concealed, yet one to be confessed with a sense of sold at foreclosure and been reorganized under another
responsibility perhaps mingled with a half regret, and name.
In its advanced age the concern has been completely
with no boastfulneas or jingoism, that, as Mr. Hay
and our production became too large
vividly
"
and
tersely puts
it,
the United States
is
now rejuvenated. The truth
holdirg in fee the certainty of illimIt is, furthermore, a solemn re
itable greatness."
minder of national responsibility rather than a
piece of self-praise to say that in the East the
United States has been and is a powerful in
a nation
fluence
retary
for stability,
equity and peace ; and Sec
what history will certainly
deserves —
—the highest honor for his management of
Hay
is^the changes that have been
effected during the last few years in the physical
and
road have so completely
transformed it that it no longer seems the same property, notwithstanding it still bears the old corporate
name. The transformation is due to no one so much
financial condition of the
Mr. John K. Cowen, who at the time of the receivership, appreciating what was needed to raise the
as to
road to its proper plane,' entered unhesitatingly upon
the Chinese imbroglio, a trouble "in" but not "with'' those enormous capital outlays which have continued
China. Here was laid a broad foundation that must up to the present time, and from which a less resoestablish us firmly on the pacific basis of trade rights lute and clear-sighted person would have shrunk.
and the open door, of whioh he now serves notice in The result is, that to-day the property is stronger and
words that cannot be misunderstood. This is a peace better equipped than at any previous period in its
That the Pennsylvania Bailroad now
loving country, he says, and an aotive and commercial long history.
imperatively
industries
predominant
ownership in the property may be
has
deone; but our expanding
mand outlet, and we shall both retain our present accepted as the best evidence of this fact. For while
accord him
markets and use every honorable means to extend no doubt the road was acquired in order to give effect
November
2;J,
THE CHRONICLE.
1901.]
community
1085
months that of the gain of $0,575,679 in
to the trnnk lines, it may be taken for granted that freight earnings shown for 1899 00 on the old basis of
mileage, higher rates were responsible for $3,800,483.
the step followed quite as much from a reccg
the
road
had
that
been
With $4,331,323 improvement in gross earnings the
nition of the fact
where it could
compete late year, only $1,113,308 was carried over as a gain
brought to a state
on equal terms with its powerful neighbor on the in the net, owing to an augmentation of $3,218,014
It now in expenses.
north and its aggressive rivals to the south.
This augmentation in expenses, howmore
promising
all
the
by
the
future,
rendered
the
main due to enlarged outlays on
had a
ever, was in
industrial revival in progress all over the land, where maintenance account.
The addition under the head
At the of Cost of Conducting Transportation was only $1,before it seemed destined to certain decay.
Pennsylvania
Railroad 046,939. On the other hand, $912,954 more was spent
same time the presence of the
as a dominant influence in the management has been for maintenance of way and structures, and $979,260
beneficial in still further promoting the prosperity of more for maintenance of equipment, making $1,892,to the principle of
of interest as applied
twelve
the road, for one effect of this has been to insure the
maintenance of tariff schedules, whioh is reflected in
214 together.
the further improvement in the average rate realized
the late year. It may be added that this improvement
reason of that fact, the income account for the year
is strikingly favorable, illustrating the state of pros-
much
perity to which the property has been brought as the
in rates the last
two years has played
fully as
and the
Notwithstanding these
relatively small
addition to net earnings by
the extensive improvements
made and the
The
efficiency at-
part in swelling earnings as the addition to the volume
result
of business done.
industrial activity of the country.
of
liberal outlays
Including the operations of the Baltimore & Ohio tained in operating results is indicated by the further
Southwestern in the comparison, the further addition addition of 15 tons to the train load in the late year,
to gross receipts during the late year was no less than bringing the average up to the high figure of 381
$4,331,323, bringing the total of these gross receipts tons, and by the fact that the revenue from the freight
up to almost forty- eight million dollars in exact fig- trains has again been added to, raising the amount
ures $47,971,224. It is needless to say that this gain earned per mile run to $1 90.
follows very heavy and continuous increases in all the
So large was the net inccme, after the heavy ex-
—
The
exact amount^ of
these increases cannot be stated, because the business
years immediately preceding.
of the Baltimore
& Ohio Southwestern and some
of
the other lines lately acquired was not included in the
totals for
these earlier years.
The gain on the
old
penditures noted, that the company found
to
make
it
possible
a direct appropriation of $2,500,000 out of
the same for additions and improvements and yet
carry forward an unappropriated surplus of $1,388,985, after paying $2,400,000 (4 per cent) in dividends
had been no less than on the preferred stock and $900,000 (2 per cent) in
The $900,000 on
$6,485,305, or 23 per cent, in gross, and $5,737,844, or dividends on the common stock.
86 per cent, in net. As to the volume of the road's ton- the common stock allows for only one of the two seminage, this comprised 33£ million tons (33,528,513 tons) annual dividends of 2 per cent paid on these shares
Allowing for both,
in the late year, and the movement one mile was over out of the earnings of the year.
the unappropriated surplus would be $488,985. In
seven thousand million tons 7,140,897,000 tons
showing how the capacity of the system has been en- brief, then, earnings were sufficient to pay 4 per cent
basis of mileage in 1899-1900
—
As
on both classes of stock, to contribute $2,500,000 for
transported in 1900-01, the tonnage of the old additions and improvements, and yet to have left over,
Baltimore & Ohio in 1894 (before the inclusion of roughly, half a million dollars on the operations of
the Baltimore & Ohio Southwestern) was but 13,357,- the twelve months.
175 tons, and even on the present basis of mileage
We have stated that the capital outlays continue on
During the late year the expenditures
the amount of freight moved in that year was prob- a large scale.
for
construction
and betterments reached almost 9^
ably not over 164, million tons, so that in the interval
since then the volume of the freight business done million dollars, being $9,221,995, of which $2,500,000
has considerably more than doubled.
was met from the appropriation just referred to. In
Until 1899-1900 the expansion in tonnage was ac- addition about $3,000,000 more was spent on equipment
companied by a decline in rates. The last two years, account. The new obligations created have been on a
however, the further increase in tonnage has been corresponding scale.
It will be remembered that
coincident with a recovery in rates. In fact, this $15,000,000 of 4 per cent 10 year gold convertible
recovery in rates, as already stated, has been the debentures were authorized in 1901; of these the balprincipal factor in the exceptionally large gains in ance sheet shows $8,303,920 outstanding June 30
earnings which have occurred.
Notwithstanding 1901. In addition $1,500,000 more first mortgage 4
the betterment
of
rates,
the average realized per cent bonds were issued during the year; also anremains very low, having been for the twelve months other $1,000,000 of Baltimore & Ohio Southwestern
ending June 30 1901 only 4 98 mills per ton per mile. 3£ per cents, besides $2,500,000 of Pittsburg Junction
In the twelve months preceding the average was but & Middle Division 3£ per cents.
The last-men471 mills, and the increase of 27 hundredths of a mill tioned issue of $2,500,000 remains wholly in the Baltilarged.
against
the 33,528,513 tons of freight
more & Ohio treasury. The increase in the holdings
of Bonds of Sundry Companies from $11,400,881 on
the June 30 1900 to $14,105,260 on June 30 1901 is
applied to the.7,140,897,000 tons of freight moved one
mile represents an addition to revenues of $1,928,042.
That is, of the $4,331,323 gain in earnings for
twelve months, or (to compare things in kind) of the
$3,566,018 gain in freight earnings, $1,928,042 was
explained almost entirely by this addition to the holdings of Pittsburg Junction bonds, the amount of which
in the Baltimore & Ohio treasury on June 30 1901 was
due to higher rates. Comparisons with previous years
on this basis, as said above, are not possible owing to the $7,635,050, against $5,134,850 on June 30 1900.
fact that so much more road is operated now; but we
There was also during the year a very noteworthy inshowed in our review of the report for the preceding crease in the holdings of stocks of other companies, that
THE GHKONICLK
1086
item having expanded from $3,841,884 to $12,609,959.
This increase is connectod with the absorption of the
Tarious new lines acquired during the year. No reference to these acquisitions appears in the remarks in
the report, but the table given of the stock holdings
shows that the company has become possessed of $6,670,700 of the common stock and 12,699,700 of the
preferred stock of the Cleveland Lorain & Wheeling,
that the holdings of Pittsburg & Western common
stock have been increased from $6,515,000 to $7,271,200, and $4,950,497 of the preferred stcck of the same
road has been acquired, and that $1,607,517 of the
stock of the Southwestern Equipment Co. (a company
created to furnish equipment to the lines of the system) is held. On the other hand the $680,000 of
United States Express stock reported in the treasury
last year
seems to have been disposed
of.
The
finan-
cing of some of these new acquisitions has not yet
been completed, and next year's report may therefore
be expected to show further interesting changes. The
fact which stands out prominently is that the Baltimore & Ohio is a growing property, and that its
operations and outlays are on a scale of great magnitude. The voting trust in the stock, it will be re-
membered, was dissolved
in August.
CONSOLIDATION AND ALLIANCE OF
RAILROAD INTERESTS.
The recent incorporation of the Northern Securities
Company for the purpose of owning a controlling interest in the stock of
the Northern Pacific and Great
Northern railway companies seems to have aroused no
apprehension in the minds of the Governors of
several of the Western States.
Much of this apprehension we believe will pass away when it is understood that no actual consolidation is contemplated
and that each of the railway companies will continue
to do business under its own name as heretofore; in
little
brief, that the only real
difference in the relation of
LVol. LXXIII.
States and for the railroad interests in particular that
the work of carrying out the great reorganizations of
the recent era was put into the hands of some of the
strongest banking
houses
— houses
reorganize successfully but to sense
able
all
not only to
the features of
the situation and to seek restoration by radical measures which only large capital and influence could have
carried through.
Railroads embracing no inconsiderable part of the
the United States were bankrupt.
Over capitalization and immoderate extensions during
the years of expansion contributed to the downfall;
railroad mileage of
two other main causes were potent in the
same direction. These were (1) legislative enactments,
upheld by the courts, against all forms of corporate
agreements for the maintenance of rates, be they
never so reasonable, and in consequence of this a constantly growing competition with a gradual but inevitable fall in rates for freight transportation, with
an absolute fall in income from passengers, a virtual
decline also being caused through the introduction of
faster and more luxurious trains as well as more frequent service; and (2) incidental to this competition and
stimulated by it was the sudden increase in the train
load, forcing the weak roads which lacked the means
to rebuild and re-equip their properties for the heavier
requirements into the hands of receivers. Economies
in the methods of operation mitigated for many of
the roads the immediate effect of the demoralization,
but practical men again and again asked themselves,
Where will this thing stop? will it be checked before
all the companies are crippled?
Evidently the various reorganizations, however well
conceived and .^executed would, unless some relief in
the matter of rates was found, be only a stepping
stone to further sacrifices of tariffs and thus in seesaw fashion to the undermining of first one and then
another of the solvent properties. The outlook was,
indeed, discouraging. The reputation, however, of
the great houses which had been called upon to administer the reorganizations was in some measure at
in addition
the companies from that existing for several years
past will be in the fact that hereafter a majority of stake and their material welfare as well involved.
the shares of each will be held by an incorporated By voting trusts, therefore, and by other means, they
company readily located and held responsible for its proceeded to fortify their respective roads as far as
acts, instead of by a syndicate or community of inter- might be against the evils of the situation.
ests which the law cannot reach, and whose very
The principal owners also of many of the properties
identity is a matter of surmise.
adjacent to those reorganized were alive to the danger
The advent of the new company is an occurrence of more acute competition at the hands of their reof the first importance, as has been clearly shown in habilitated neighbors, and were in notable instances
these columns and elsewhere; but after all it follows more than ready to co-operate for mutual protection.
naturally from the alliance of railroad interests which Companies like the Baltimore & Ohio and the Northwas begun on an unparalleled scale at the close of the ern Pacific, freed during the readjustment of their
last period of reorganization.
S:> frequent, indeed,
finances from excessive fixed charges and equipped
and in some cases so surprising, have been 'the so-called with vastly improved roadbed and rolling stock, had
"'deals" for uniting railroad companies and railroad to be reckoned with by their sister roads as never besystems, especially the past year, that the public fore. In the beaten course of events their new facilistand in increasing danger of losing sight of the des- ties would be used to increase their tonnage with only
perate conditions out of which the movement, as a modicum of consideration for the maintenance of
originally begun, developed.
The varied character of rates.
The temper of. the average operating man
the amalgamations and the extent to whhh they have then (and when left to itself we fear it is not much
been carried need also to be reviewed if the trend of different to-day) was expressed in the formula quoted
affairs is to be understood.
This was
to us by one of them as their watchword.
The fact is, though perhaps not fully recognized to the effect that the rates might be consigned to the
outside of railroad circles, that the railroad transpor- bottomless pit if only the traffic could be augmented.
tation business of the country had fallen into what Under these circumstances it was indeed most opporseemed an almost hopelessly chronic state of unprofita- tune that the great moneyed interests were in a posible and declining rates at and prior to the time when tion to undertake the removal of this menace by conthe reorganizers began their work. It was well, there- solidations and alliances, especially as Congress was
fore, for the general business interests of the United indisposed to modify the law against pooling.
November
An
THE CHRONICLE.
1001.]
23,
interesting
relic
by-gone days has found a pendent interests. Fixed charges had been or were
library.
It is a prospectus being largely curtailed.
Large sums had been spent
of
our
1868 by the Union Pacific Railroad Company, offering its first mortgage 6 per cent gold bonds at
par In currency, at which price the prospectus says they
would yield to the purchaser interest at the rate of 9
resting
place
in
1087
issued in
Only a few hundred miles of
road were in operation, and the attempt was made
after the manner of such documents to predict the
probable income of the completed line. From the
volume of traffic then carried between the two sides
of the country by ship and otherwise it was calculated
that through business of 300,000 tons of freight and
the same number of passengers might be counted
upon, and that the rate 'received per passenger would
be 7-J- cents per mile and per ton an amount equivalent
to 1*7 cents per mile.
On this basis gross income of
30 millions of dollars and net income of 15 millions,
it was thought, might reasonably be expected from
through traffic on the 1,100 miles of the main line
then projected.
In 1895, when the property was
per cent per annum.
for betterments,
shares of
many
intrinsic
worth.
and
still
for
a considerable time the
properties ranged
So
it
much below
waB that the
their
New York Cen-
could acquire control of the Luke Shore and
Michigan Central companies and the Pennsylvania itslarge interest in roads like the Norfolk & Western,
Chesapeake & Ohio and Baltimore & Ohio, at pricse
very considerably below those recently ruling.
It will also be noted that the consolidations (using
the word in its broadest sense) have of late fallen into
First, there has been the mergfive distinct classes.
extraordinary
scale of the constituent coming on an
panies of a system for economy's sake and to solidify
the organization and simplify the labor of operating
and accounting. Thus the Atchison in 1896 owned
only 471 miles of road out of its total'
in fee
system of 6,479 miles; in July 1901 this ownership
had been increased to 4,667 miles. The Chicago Burlington & Quincy and other companies have taken
tral
placed in receivers' hands, the gross earnings of the similar action, contributing not a little to the attract1,821 miles of the Union Pacific Railway, including iveness and value of their securities in the eyes of inthe Kansas Pacific division, were only 19f millions, vestors.
The Pennsylvania has been gradually follownot thirty millions, notwithstanding the volume of ing the same course, but so slowly that there remains
traffic had developed beyond all anticipations.
At much room for unification among its still too numerthe same time the average amount received for a ous subsidiary companies.
passenger per mile (including the local travel, which
The second form of amalgamation has been accomusually brings on
such roads a higher rate than the
average) was only 2 058 cents, instead of the 7^ cents,
and the rate per ton mile was less than a cent in place
plished through
all
the familiar methods of absorbing
outside lines, viz.: Lease, purchase of stock
control,
complete consolidation and modifications of these.
Examples of such are seen in the lease of the Boston
The great fall in rates, which is here indicated and & Albany by the New York Central, the purchases of
which while no doubt it helped to develop the busi- the Pennsylvania in the roads above mentioned and
ness of the country and to foster economical methods many others, and the virtual control of the Southern
on the part of the railroads, was threatening to sap Pacific by the Union Pacific. The notable feature in
the life of railway inv< stments, is well shown in the connection with this second division of the amalgamafollowing table, often cited, from the reports of the tion movement has been the extensive use made by
Interstate Commerce Commission and the United the purchasing companies in financing their acquisiStates Census:
tions of collateral trust loans secured by deposit of the
Witness the Erie Company's PennAVERAGE REVENUE PER TON PER MILE IN UNITED STATES SIMCE 1880. stock acquired.
Tear.
Cents.
Year.
Cents.
Tear.
Cents. sylvania collateral, the Reading's Jersey Central col1900
-729
-878
-980
1893
1886
1899
-724
1892
898
1885
1O0O lateral and the Great Northern- Northern Pacific
1898
-753
'895
1891
1884
1093 collateral 4 per cent bonds and the Union Pacific first
1897
-798
-904
1-191
1890
1883
mortgage and collateral convertible 4s. The facility
1896
'806
-955
1-184
1899
1882
1895
-839
1888
944
1881
1191 with which, owing to the existing buoyancy of the
1894
-860
1-290
1887
1880
970
security market, it was possible to float such loans
This story of contracting profits is familiar enough bearing a low rate of interest has made the financing
o
til dent of railroad affairs, but it may well be of these operations relatively easy and the risk in^.considered in its bearing on the necessity which it pro- volved by the purchasing company from the resulting
duced for checking the downward tendency in rates expansion of its indebtedness comparatively slight.
and also to show the unreasonableness of those who, The Pennsylvania Railroad Company on the other
good times having come, object to the railroads profit- hand has provided for most of its new investments
ing by this opportunity for money-making as do those by an increase of its own capital stock.
engaged in other lines of business. The fall in the
The third department of the amalgamating process
of 1-7 cents.
average revenue of the roads of the United States is
here shown to have been more than half a cent a ton
a mile, or 43 per cent, since 1880.
Very moderate
alongside of this appear such increases in rates as the
railroad companies have
made
of
recent months, in-
comprises the several methods by which one and the
same strong financial interests has secured the dominating voice in the management of various leading
companies, thereby constituting a unity of interest
through common control.
The numerous great
systems controlled severally by J. P. Morgan &
creases by the way largely offset as regards net profits
by the advances in the cost of supplies and wages.
Co. and by the Kuhn, Loeb-Harriman syndicate, soNow, turning to the consolidation process itself, we called, are thus in a manner allied. The amount
need to remind our readers how ripe the times were of stock held in each case may fall short of a majority,
for
it.
The long
period of depression just preceding
and the reorganizations, more or
or the control
may be
exercised by virtue of
a voting
if not
but for the time being the
cluding, as well as the refunding on a large scale of actual management is located with the one financial
the high interest-bearing bonds of solvent roads, pre- interest.
These latter-day instances of common conpared the way most effectively for the union of inde- trol for the most part grew out of the reorganizations
less drastic,
then con-
trust,
directing
THE CHRONICLE.
1088
[Vol. LXXIII.
which devolved upon those now dominant in the man- to have learned their lesson pretty well and to be
agement. The Gould and the Vanderbilt systems, steadfastly mindful of the fact that (to adapt the
however, are instances of similar control main- ancient proverb), Better is the profit from a moderate
tained through a long series of Jyears with respect to business at reasonable rates than heavy traffic and
The much mileage where bitter competition prevails.
Borne of the leading lines of the United StateB.
control has In effect been much as if some direot Therefore, even if legislation were to place the proalliance existed among the companies themselves, and prietary company under the ban, and permit no
it is now not unnaturally leading to measures for form of pooling, the establishment of some other
making the relation permanent through appropriate form of co-operative arrangement is likely to succeed
as never before.
corporate action.
Contrasting with the common
fourth division in the list, the community of interest
of which so much has been said of late^and so much
expected.
Other alliances and combinations of roads
ownership comes the
might be
great, but this
greatest of
all,
sure harmony
in
its
design was to be the
serving as a bond of friendship to enof action on the part of all the leading
RAILROAD NET EARNINGS FOR
SEPTEMBER.
Another noteworthy
earnings
is
record
of
improvement
disclosed by the compilations
we
in
present
below, covering September and the nine months of
the calendar year. For September the increase reaches
not
An early example,
lines of a given territory.
$9,673,838 or 9*35 per cent in the gross and $4,279,the earliest instance, of alliances of this kind exists 833 or 11*82 per cent in the net. For the nine months
if
in the friendly relations established years ago between
our table includes some roads which furnish quarterly
the North-West. and the St. Paul. As in most of these but not monthly returns, and the increase reaches
community arrangements the exact nature of the nearly 91 million dollars in the gross and almost 42
alliance is not known, nor is it admitted officially that million dollars in the net
the latter over 15 per cent
any unusual relation obtains between the roads. All as will appear by the following:
the public knows is that for many years past,
September.
January 1 to September 30.
dating from the time when J. P. Morgan & Co., the
(127 roods.)
(118 roads.)
1900.
Increase.
1901.
1900.
Increase.
close friend of the Vanderbilts, who control the North
1901.
t
$
*
•
1
•
west, were given two representatives (recently reduced
Gross earn's 118.096,692 103,421,864
9,673,888 970.226,355 878,811,887 90,914,453
to one representative) on the board of the St. Paul, a Oper. oxp... 78.612,842 67,218,287 6,394,005 662,788,876 603,811,008 48.977,873
remarkable freedom from serious competition has
Net earn's 40,488,450 36,203,617
4,279,883 317,487,979 276,500,8941 41,937,085
been noticeable in the operation of the two systems. It
The conditions which prevailed in September of the
is supposed, of course, that the obtaining of represenpresent year were set out at length in the article on
tation on the board followed the purchase by some
earnings in our issue of October 12. The assassinaof the Morgan contingent of a block of stock of
tion of President McKinley had some adverse effect
greater or less size.
on trade, business being quite generally suspended on
More or less difficult fully to explain, yet unmistakthe day of his death, and the day of the funeral havably proven by the names in the several boards of
ing been a legal holiday. On the other hand, the extra
directors, are the community alliances between the
passenger business arising from the travel to and
Harriman-Kuhn, Loeb syndicate (Union Pacific, etc.),
from the Pan-American Exposition at Buffalo was a
the Morgan-Hill interest (Northern Securities Co. and
favoring influence with a number of roads, though the
Chicago Burlington & Quincy), the Goulds (Missouri
road which benefited most on that account, namely the
Pacific, etc.) and the Standard Oil interests (Missouri
New York Central, is not in our table, a3 that comKansas & Texas), etc., etc. The fifth method of
pany does not furnish monthly reports of net earnblending the interests of different railroad properties
ings (only gross), and therefore cannot be incorpois through the medium of a proprietary company,
rated in the compilations. In the case of the anthrasuch as that incorporated last week, which we
cite coal roads comparison is with the period of the
may look upon as the community of interest idea
miners' strike which began in September last year and
carried to its most perfect form, where a permanent
continued through October. The spring-wheat roads
relation is desired and consolidation is not expedient.
in the Northwest had the advantage of a large crop
The effectiveness of the community of interest plan in
this year, as against a poor one last year, but the grain
practice has been seriously questioned, and it takes no
movement as a whole in the West underwent material
great discernment to perceive that its success depends
The cotton movement in the South also
contraction.
chiefly upon the personal element and upon the willfell much below that of a year ago.
ingness of the different groups of capitalists to subIt happens that this year's improvement in earnordinate their respective ambitions to the general
ings for September does not follow an improvement in
welfare of all. As we may more clearly see in anthe corresponding month of last year, at least in net,
other article, the managements of the great railways
in which by reason of the many adverse conditions
of the country are pretty closely interlaced through
prevailing at that time a small decrease was recorded.
the medium of common directors, the group of men
In the gross, however, there was then a fair gain. In
who are dominant in this or that large system frethe three years preceding there were heavy increases in
quently having their representation on the boards of
gross and net alike. Here are the totals back to 1896.
connecting or adjacent lines.
Such ties, if wisQross Earnings
Net Earnings.
dom prevails, may, as indicated in the case of Tear and
Number
Year
Tear
Increase or
Increase or
Tear
Tear
St. Paul and North- "West., be of lasting good, or, on
of roads.
Given.
Preceding. Decrease.
Preceding. Decrease.
Given.
the other hand, it may be too weak to accomplish
September
1
*
$
%
$
i
much that is desirable. The wish for well rounded 1896 (143) 61,007.805 62,156,191 —1,149,686 80,669,867 20,819.408 —168,641
(138) 78,491,382 68,330,272 +10,161,090 28.180,104 22,683,158
+6,491,848
and widely extending systems is constantly in danger 1897
1898 (133) 88.820.772 86.024,381 +1,796,448 32,121.979 30,898.838 +1,225.646
of leading to breaches of friendship, but in general 1899 (129) 96.168.070 82,887,948 +12,264,122 34.454,863 30.017,487 +4,437,873
1900 (134) 99.405.329 97,079,916
—714,459
+2,325.383 35,039.210 35.763,868
we believe that the controlling interests will be found 1901 (113) 113 095,692 10S.421.S">4 +9,673, c 3* 40183,450 8S.203.817 -1-4.279,83
—
NOVEMBER
Qrou Earnings.
Year and
number
/.'
Year
Increase o\
Utcreast.
Preceding.
Year
of road*.
Jan.
IHK CHRONICLE.
23, 1901.
Given.
Given.
ITEM8 ABOUT BANKS, BANKERS AND TRUST CO
tr/ilny*.
Yeur
Increase
Pricedlng
increase
a\ pi. so.
iSl. 402,(101 578,253.641*
1807
H 0,603.276
+9.UB.065
+ 1,M47,8(13
I78,4ai),700 171.(122.08;
(!14,165.a38 +2(1,137,637 201.6S2.2U' 1M1.8B3.IKI7
80.988,803
741,268.773 <19P,717.1«2 -(-50.642.(131 282,765.61.' 816.111.773 +1(1.663.739
18V9 (148) 800.814.90J, 726.206.609 +76.609,4(0 864.407.182 224.480.989 +2K.W86. 193
1000 (117) 9i8.169.559 848.478.122+84,691.437 i94,8»0,08H;270.471.411 t23.N16.(127
(IflSj
—The sales of bank stocks thin
week aggregate
4fc6
8.
shares,
of which 470 shares were sold at auction and 10 shares at the
Stock Exchange. The only transaction in trust company
to
1
1089
stock
was a
sale at auction of 85 shares of stock of the
»>
I»8 (11^
Colonial Trust Co. at 827.
A
lot of 10 shares of
stock of
American Exchange National Bank was sold at the
Exchange at 305, comparing with sales in the "curb"
.487.97QI
Stock
876,f 0< 1.894 '+41 .967,' 116
1B01 (187; 97ii.226.355 S79.811.H97 +00 914.1 16 H 7
When arranged in groups, every group outside the market last week at 295. The price of German Exchange
Bank stock shows a gain of 27 points since August 14, the
Mexican shows an increase in the gross for the month, date of the last sale. In the 'curb" marktt National Bank
and all but the Southern and the Mexican an in- of Commerce shares ranged from 382 to 390 and 10 shares of
crease in net.
Seventh National Bank stock were sold at 135.
SUMMARY BY GROUPS.
Last previous sale.
Price.
Banks— New York.
Shares.
1901— 2C94
"23
Aug.
2964-305
Exchange
Nat.
Bk.
American
Net Earnings.
QroBi Earnuvgs.
SlOTION OR
Oct. 1901— 427
424%
114 Broadway Bank, Nat
the
•
1
Group.
Stpti
1901.
1800.
mh
1901.
lines. (13)
2e.6a4.i8B
24.061.03SI
t
9,426,63!
Anthrtt. coal (7)
Trunk
1900.
Int.orlMc.
P.O.
8,060,44 S
+1.376.139
17 08
87-84
2,392,385;
643.816
784,336
+716.219
+191.068
+2l8.d71
+437.840
+546.672
+990,271
+65,828
-114,299
-141,521
Total (118r'ds) 113.095,892 103,421.854
40,483.460
38,203.617
+4,270,833
11-.-2
11.140,063
10,855.812
2,609.150
1.802,931
Kust.&Mid.(16)
3,164,187
Mid. West'n.117) 7.787,668
HorthweBt'uUl) 14,906,227
8.854,224
1,212.933
1,021,885
7.187.395
2,647.974
2.834,803
13,746,859
5,719.806
6,282,666
Boathwest'n.(17,
15.033,966
13,314,126
6.770.041
5,228,389
North Paolflc(S) 11,830,796
South Paciflc(9) 7.219.86i
Southern ...,23, 13,477,382
Mexican
2,872,418
(8)
9.684,23t'|
4,420,210
8.488,023]
5,410,481
2,019,08a
12,888.377;
4,625,588
4,639,885
Jan.
1 to S. pt.
2 663 709
1870
8 28
2-48
16*04
16,846,602
15.194. 867
+1.651,345
10-87
81,374,178
70.216, 659, +11,157.619
Anthr. coal. .(12) 112.068.311 100.689,998 26,678.346
Middle
(14) 89,210,024 27,199,712
0,808,338
Mid. West'n. 20 66,609,158 80,033.870 21,378,888
20.686, 008i +6.998.338
16*89
28-97
Northwest'ndl
10*68
114,977.646 106.129.006
89.191,811
35.217, ,677
HO 220,171
48,561,871
34,718 786
73.698.924
86.E0 3.605
31,631, 089
+037.801
+3.879.922
+8,974.284
+8,833,106
+3,821,616
795.344
274.952
261, 342
+13,610
6-21
Southern.. ..(23) 116.263,501 106,708.641
36,407,134
32.892. 266
7,429,259
8.268, 621
+2.514,868
-889,364
10*15
(
8onthwest'n(17) 119,738.284
North PaolflcO) 88,(03,024
South
869,456
i'ac.....(3)
Mexican
(3)
22,944,979
22.826 717
8.861, 4471
17,498, 961
2217
11-28
26-44
1208
7-85
Total (127 r'ds) 970.228.355 870.311.897 317.4S7.979 ii75.5C0.894 +41,937.0851 15*22
Among
the separate roads we have an imposing
array of gains in both gross and net, though there is
at the same time a somewhat larger list of losses than
heretofore, particularly in the net.
EARNINGS IN SEPTEMBER.
Increase*.
$1,553,900 Seaboard Air Line
$68,248
PRINCIPAL CHANGES IN
lucreases.
Pennsylvania t
Northern Paoiflo
Southern Pacific
Atch. Top. & Santa Fe.
Canadian Paoiflo
GROSS
860,061 HookingVaUey
62,689
720,048 N. Y. Susque. &West..
61,0 J5
622,676 St. Louis Southwest.
57,778
600,532 Colorado & Southern.
55,^24
Erie
442,743 Kan. City Southern...
54,765
Ohio. Mil. & St. Paul..
422,032 Pere Marquette
54,052
Illinois Central
312.658 Wheeling & L. Erie.
54,008
Missouri Paclflo
273,824 Wabash
45,715
St. Louis <fe San Fran..
269,079 Phil. Wilm. & Bait
43,500
Ohio. Rook I. & Paoiflo
242,822 Chic. Ind'B & Loulsv..
40,428
Baltimore & Ohio
240,132 Indiana 111. & Iowa...
38,948
Loulsvllte <fe NashvUle
23o,6?9 Toledo & Ohio Cent...
37,357
I*.V.RR.andL.V.C...
223,771 Chlo. Great Western
35,191
Ohio. Burl. <fe Quinoy..
198,330 Chicago & Eastern 111.
33,414
Central of New Jersey
196,717 Yazoo & Miss. VaUey.
32,140
Union Paoiflo
185,966 Minn. & St. Louis
31,344
Mlnn.St.P.&S.Ste.M.
183,767 Mexican Internat'l....
30,794
Choo. Oklah. & Gulf..
167,175
Olev.Oin.Chic.&St.L.
138,691
Total (representing
Mo. Kansas & Texas..
137,440
59roads)
$9,934,556
Northern Central
134,500
N. Y. Ont. <fe Western.
112,157
Decreases.
Chesapeake & Ohio...
97,451 Reading.
$308,929
OrandTrunk
90,032 Central of Georgia
58,851
Norfolk & Western....
89,653 Atlantic Coast Line.
53,584
Grand Trunit Western
75,919 Mexioan National
44,874
Denver & Rio Grande
74,912 Chicago & Alton
31,177
Southern Railway
71,206
Buffalo Roch. & Pitts.
69,669
Total (representing
Cin.N.Orl.&TexasP..
69,574
6 roads)
$497,415
t Covers lines directly operated east and West of Pittsburg and Erie.
The gross on Eastern lines inoreased $688,900 and the gross on
Western Unes increased $865,000.
PRINCIPAL CHANGES IN
EARNINGS IN
.
. .
.
327
June 1901— 402 4
3)0
6964 700
153 Vj
Nov.
Nov.
330
6114
385
140
813
695 '4
150
339
Trust Companies— New York.
35 Colonial Trust Co
22'40
286
334
1901—
1901—
Oct. 1901—
Aug. 1901—
A iik. 1901—
Aug. 1901—
Oct. 1901—
May 1901—
330
629
385
148*4
60 Merchants' E xch. Nat. Bank
4 New York, N. B. A., Bank of.
1047
64,394,748
66,513,048
of.
.
linos. U4) 248,948.886 220.621,866
Trunk
Commerce, National Bank
54 German-American Bank
20 German Exchange Bank
103 Hanover National Bank
7
915
80
New Knglaud(7)
100 Chatham National Bank
I City Bank. National
*
Of
this,
10 shares were sold at the Stook Exchange at 305.
—
The Boston Clearing House has abandoned the attempt
to make collections through express companies from those
New England banks which refuse to remit with par exchange
on Boston, such method of collection having resulted in remittances being made with silver dollars, which were highly
undesirable. With a view to force the above banks to comply with the rule for collections which has been adopted by
the Clearing House providing for par remittance, the Association has imposed a collection charge of one-quarter of one
percent, instead of one- tenth of one percent, upon items drawn
upon banks which do not remit at par. This course has led
to a vigorous protest by thosejmerchants who have to bear
the burden of the increased collection charge. The Boston
Credit Men's Association has taken action in the matter and,
by resolution, has requested the Clearing House to make a
similar charge of one-quarter of one per cent for collecting
checks bearing the endorsement of any New England bank
that will not remit at par and coming through the;
Boston Clearing House, thus equalizing the burden, which
is now borne almost wholly by the merchants.
The present practice of the Boston banks is to credit at
par checks received from their correspondents and depositors
upon banks that remit collections at par and to make a
charge of one-tenth of one per cent for the collection of items
drawn upon banks which do not remit at par. It is now proposed to make a charge of oue- quarter of one per cent upon all
items bearing the endorsement of banks which do not remit at
par, no matter for whose account the collection of these
items may be made and without regard to any distinction
between the banks which remit at par and those which do
not so remit upon which such items so endorsed may be
drawn. This practically imposes a penalty upon banks which
do business with non-par banks.
—Encouraged by the success
which has attended the organization of its branch banks, the Corn Exchange Bank,
which was the first of the State banks to take advantage of
the recent law permitting the establishment of branches, has
addressed a circular to its stockholders asking them to give
their proxies to representatives of the bank for the purpose
of giving effectiveness to plans which the managers of the
NET
SEPTEMBER.
Increases.
Increases.
institution have in contemplation for increasing the capital
Pennsylvaniat
$734,000 Chicago & East IU
$36,761
Northern Paoiflo
470,068 Buffalo Roch. & Pitta..
35.419 from $1,400,000 to $5,000,000, for carrying into execution such
Atch. Top. & Santa Fe
432,692 Wabash
31,834
banks as may be desirable, and
Erie
392.227 Chesapeake & Ohio...
31,775 merger agreements with other
Leh. V. RR. and L. V.O.
868,014
for the extension of the branch system of the bank. The
Canadian
.
Paoiflo
Paoiflo
294,032
Total (representing
226,171
33 roads)
$4,760,430
192,022
184,403
Decreases.
Cent, of New Jersey..
180.234 Missouri Paclflo
$107,498
Minn.8t.P.<feS.8teM..
168,064 Mexican National
87,943
Ohio Mil. & St. Paul..
138,574 Atlantio Coast Line. ..
84,401
St. Louis & San Fran.
119,611 Central of Georgia
88,354
Ohio. R. I. & Paclflo..
118,831 Louisville & NashvUle
77,925
Northern Central
104,500 Yazoo & Miss. Valley.
67,935
Reading
94,299 Mexican Internat'l
47.101
Illinois Central
73,0.^0 Nash. Chatt. & 8t. L..
36,104
Norfolk & Western ....
69,872 St. Louie South-west...
35,449
Southern Paoiflo
61,651 St. Jos.A Grand Isl'd..
32,677
Denver & Rio Grande.
59,656 Georgia
30,978
N. Y. 8usque. & West.
53,629
Kan. City Southern...
48,698
Total (representing
OrandTrunk Western
40,393
11 roads)
$691,365
t Covers lines directly operated east and
west of Pittsburg and Erie.
The net on Eastern lines inoreased $862,200 and the net on Western
Unes Increased $37 1.800.
Union
Baltimore & Ohio
Seaboard Air Line
.
.
proxies solicited are to continue in force for seven years. An
to the articles of association is specifically authorized in the power of attorney which the stockholders are
amendment
asked to sign, giving authority to the board of directors to
increase the capital stock, from time to time, up to $5,000,000, divided into 50,000 shares of $100 each, and also giving
authority to the directors to issue and dispose of the shares
constituting any increase in the capital in such manner as
the board of directors shall deem most advisable for the best
interests of the bank.
The Grand Central branch of the Corn Exchange Bank,
located at No. 7 East Forty- second Street, will be opened
next month. This will be the ninth branch of this bank.
THE CHKONICLE.
1090
The
others are the Astor Place, the Astoria (Queens County),
the Broadway (corner of Spring Street), the Fifth Avenue
(corner Nineteenth Street), the West Forty-second Street
(between Eighth and Ninth avenues), the Hudson River
(Columbus Avenue and Seventy- second Street), the Queens
County, and the University branch (2902 Broadway). It will
be observed that the New York City branches are located in
active business and desirable residential centres.
The Corn Exchange Bank has bought for about $375,000
the property known as 15, 17 and 19 William St., adjoining
the bank. No plans for the improvement of the acquired site
have as yet been considered.
—Erskine Hewitt, a son of Hon. Abram
Hewitt, was on
National Bank.
Seventh
of
the
Wednesday elected a director
organized,
in 1883,
Ever since this institution was originally
as the Seventh Ward Bank, the firm of Cooper, Hewitt &
Co., of which Peter Cooper was the senior member, has been
represented on the board of directors. Erskine Hewitt was
a director until just before the change of management last
year, and he has now re-entered the board.
S.
—
An organization known as the Wall Street Exchange
Building Association has been incorporated with a capital of
$2,000,000 to undertake the construction of the Bank of the
State Building, on William Street and Exchange Place, extending to Wall Street, which was referred to in this Department last week. The directors of the Association are
Richard L. Edwards, President, and Charles W. Morse, Vice-
from $100,000
[Vol.
to $350,0C0, the increase to
LXXin.
go into
effect the
At
$350,000 the Farley National will have
the largest capital of any financial institution in Montgomery, the Merchants'
Planters' National with $250,000 comfirst
of the year.
&
ing next.
— Reports are current in Montgomery,
Ala., that by Jan. 1
national bank will be in operation in that city. The
institution, the name for which has not yet been decided, is
to have a capital of $250,000.
Mr. S. Roman will be at the
head of the bank and Mr. John P. Kohn, one of the pro-
a
new
moters of the enterprise,
is
to be the Cashier.
—Gov. Foster M. Voorhees of New Jersey is to be President of the new Union County Trust Company, incorporated
in Elizabeth, N. J., Ia9t week with a capital of $100,000 of a
par value of $100 per share. It is intimated that the Union
County Savings Bank of Elizabeth will be merged in the new
project, which will transact a general trust business and pay
2 per cent on deposits.
Among the incorporators are Mr.
Uzal H. McCarter and John F. Dryden, President and VicePresident, respectively, of the Fidelity Trust Company of
Newark; Leslie D. Ward, Edgar D. Ward. Forest F. Dryden, Thomas N. McCarter and Frank Bergen. The present
offices of the company are at 68 Broad Street, Elizabeth.
—The Canadian Bankers' Association held its annual meeting on the 14th inst. at the Windsor Hotel, Montreal. President E. S. Clouston, General Manager of the Bank of Montreal,
in his annual address reviewed the general prosperity of the
country. The officers elected for the ensuing year, in addition to Mr. Clouston, who was re-elected President, are:
Vice-Presidents, Thomas McDougall.^General Manager of the
Bank of the State of New York Robert M.
Thompson, Frank K. Sturgis, Charles T. Barney, Hugh J.
Grant and Henry F. Morse.
Richard L. Edwards has been elected President of the Quebec Bank of Quebec; Duncan Coulson, General Manager
Association Charles W. Morse, Vice President, and Alfred of the Bank of Toronto, Toronto; H. Stikeman, General ManH. Curtis, the Cashier of the Bank of the State of New York ager of the Bank of British North America, Montreal George
Secretary and Treasurer.
Burn, General Manager of the Bank of Ottawa, Ottawa, and
The meeting of the stockholders of the above-named bank, B. E. Walker, General Manager of the Canadian Bank of
which was called to ratify the proposition of the directors to Commerce, Toronto; Secretary and Treasurer, J. T. P.
organize the bank under the national systems has been post- Knight, Manager of the Montreal Clearing House AssociaPresident, of the
;
;
;
poned until
later in the
month.
tion.
—The consolidation of two more Boston
banks, namely the
and the National Shaw-
National Bank of the Commonwealth
mut Bank, was this week announced. The merger was preceded by the purchase of two-thirds of the stock of the
National Bank of the Commonwealth by the National Shawmut Bank people. The price paid was $225 per share. The
Commonwealth has ceased to do business, the National
Shawmut having taken over its affairs on the 20th. The
National Shawmut will continue in its present location, corner Congress and Water streets, where it occupies the entire
first floor.
Preparations are in progress, however, for the
occupancy also of the second floor.
Later announcements from Boston develop the £fact that
the directors of the Third National of Boston have also voted
to consolidate with the National Shawmut. The plan is expected to be ratified by the stockholders of the Third National, who will have an opportunity, it is said, to exchange
their holdings for the stock of the consolidated bank. The
Third National has a capital of $1,000,000, the amount having
been reduced to that figure from $1,500,000 last spring.
— Mr. Edward
T. Stotesbury of Messrs. Drexel
&
Co.
was
on Tuesday eleoted a member of the board of directors of
—Among Western banking institutions which are enjoying
marked growth in their business, mention should be made of
the banks of Omaha. We have room to-day for reference to
only two of these. One of them is the First National Bank
of Omaha. This bank made a further addition to its deposits
of nearly half a million dollars between the date of the call
on July 15 and the call on September 30, 1901. In exact
figures the increase
between the dates mentioned was $466,-
650, raising the total of the deposits to $7,662,180.
herewith the bank's record for the last three years.
Surplus
First Nat. Bank.,
Omaha.
Sept.
30 1901
July 15 1901
Apr. 24 1901
5 1901
Feb.
Dec. 13 1900
Sept. 5 1900
June 29 1900
Apr. 26 1900
Feb. 13 1900
Dec. 2 1899
Sept. 7 1899
June 30 1899
Apr. 5 1899
Capital.
<£
Profits.
day evening
Mr. S. C. Applegate, Cashier of the Mechanics' National Bank, responded to the toast, "A Bank
Cashier;" Mr. J. A. Langfitt, President of the Federal National Bank, to the toast, "The Point of View;" while Mr.
H. P. Bope, of the Carnegie Steel Company, addressed the
members on "The Business Man and the Cashier."
Mr. Charles M. Gerwig of the Monongahela National
Bank, was elected President of the Association; Charles S.
Lindsay, Cashier of the Iron City National, Vice-President;
Mr. James K. Duff of the People's Savings Bank, Treasurer;
last.
Youngson of the Columbia National, Recording Secreand William McK. Reed of the First National, Corresponding Secretary.
C. S.
tional's
growth
Grots
Aggregate
Deposits.
Resources.
$500,000 $194,950 $7,662,180 $8,557,131
8,076,812
7,195,530
500.000
181,281
7,869,527
7.003,638
500,000
165,889
7,466,561
6,601,506
500,000
165,054
7,364,627
206,863
6,457,763
500,000
7,728,216
6,860,115
168.100
500,000
7,366,981
6,442.235
824,745
500,000
6,623,490
195.824
5,858,015
500,000
6,709,437
190.968
5,973.468
500,000
6,537,684
5,801,075
191,608
500,000
7,317,158
6,596,733
500,000
175,424
7,106,083
204,117
6,356,966
500,000
6,434,986
5,694.076
500,000
195,910
6,541,090
5.820,904
500,000
175,185
6,469,901
5,762,627
500,000
162,273
6,340,090
5,674,901
500,000
120,189
Bank of Philadelphia.
Feb. 41899
— A most enjoyable occasion was the meeting, followed by Dec. 11898
a banquet, of the Bankers' & Bank Clerks' Mutual Benefit Sept 20 1898
Association of Pittsburg, held at the Hotel Schenley on MonIt will be observed from the foregoing
the Philadelphia National
We show
in deposits has
that the First Na-
been almost uninterrupted in
recent periods, and that the total at $7,662,180 for September 30 1901 compares with only $5,674,901 on September
20 1898. The aggregate of 'resources stands at $8,557,131
now, as against only $6,340,090 at the earlier date mentioned.
In the same interval the bank has increased the amount of
its surplus and profits from $120,189 to $194,950. The officers
are: President, Herman Kountze; Vice-President, John A.
Creighton; Cashier, F. H. Davis, and Assistant Cashiers, C.
T. Kountze and L. L. Kountze.
all
—The Omaha National Bank is another Omaha institution
which has greatly enlarged its line of deposits and at the same
time has been adding to its accumulation of surplus and
—Although the matter has not yet been passed upon by profits. Since the call on Feb. 5 of the present year up to Septhe directors or stockholders, it is reported that the Farley tember 30 this bank has increased its deposits about 30 per
National Bank of Montgomery, Ala., will increase its capital cent, the total rising from $6,056,321 to $7,894,949 in the
tary,
November
23,
THK CHRONICLE.
1901.]
period mentioned. A summary of the leading items in the
bank's returns for the last three years is furnished in the
following statement.
Omaha
Surplus
National Bank..
Sept 30 1901
July 15 1901
Apr. 241901
Fub.
5 1901
Deo. 13 1900
Sept 5 1900
June 29 1900
Apr. 26 1900.
Feb. 13 1900
Dec. 2 1899
Sept 7 1899
June 30 1899
Apr.
5 1899
Feb.
4 1899
Dec.
11898
Sept.
20 1898
it
Capital.
I'rojtts.
$1,000,000
1,000,000
1,000,000
1.0CO.O00
1,000,000
1,000,000
1,009,000
1.000.000
1,000,000
1,000,000
1,000,000
1,000,000
1.000,000
1,000,000
1,000,000
1,000,000
$204,635
181,820
186,646
153,749
147,930
106.185
100,701
262.208
152,386
124,563
131.143
137,687
122,244
102,273
78,478
96,048
Oross
Agyrtyitc
Deposits.
BMOUreM
$7,8!>4,!)19|i$<.>.t;'J'.i,:,s5
7,589,793
6.724,553
6,056,321
6,308,579
6,938,558
6,669,632
6,587,296
5,485.187
5,814,759
7,001,010
6,683,936
5,165,258
5,296,132
5,104,834
5,358,173
9,371.613
8,511.200
7,810.071
8,056.509
8,644,743
8,370,334
7.349,505
6.902,574
7,249,322
8,452,153
8,156,523
6,633.498
6,744,405
6,526,012
6,499,216
1091
names confused the
depositors, causing a withdrawal of
Mr.
Dwight
nearly $90,000.
Phelps was appointed receiver.
The officers of the bank, which was capitalized at 180,000, included Mr. P. V. Caenar, President; T. W. Knos, Vice-Prtsident; 0. B. Selvig, Cashier and J. 11. Vanderbilt, Assistant
Cashier.
—The directors of
the London & River Plate Hmk, LimLondon, have declared a dividend of 20 per cent to the
shareholders for the year ending on September 80 last.
ited,
—The following are the new officials of the Corporation
Trust Company of New Jersey in Jersey City Oakleigh
Thorne, President; Henry C. Kelsey, Vice-President; Howard
K. Wood, Secretary, and G. M. Wynkoop, Treasurer.
;
— An arrangement was recently made, according to the St.
Louis " Globe Democrat," oy the Missouri Trust Company
of St. Louis for the sale of $500,000 unissued stock at a price
eaid to be $125 per share, and $65,000 stock which had been
reserved against the Sedalia real estate of the company at, it
Five capitalists are understood
is reported, $110 per share.
new
ownership
in the stock, which
represented
in
the
to be
is to be taken by December 1.
When the matter is finally
closed, it is reported that the company will be reorganized
with new officers and directors. The authorized capital of
thus appears that while now, as already stated, deposits are
on September 20 1898 -that is, three years before—the amount was only $5,358,173. The aggregate of resources in the same three years has risen from $6,499,210 to
$9,699,585. Surplus and profits now stand at $204,035 as
agaiDst $96,043 on September 20 1898.
The executive force
the company ie $2,000,000.
of the Omaha National Bank is composed of Mr. J. H. Mil—Through the payment to him of $240,000 by six of the
lard, President; William Wallace and Charles F. McGrew,
this week in settlement of claims against them,
directors
Vice-Presidents; Charles B. Anderson, Cashier, and E. E.
of the Globe National Bank of Boston, is put
Receiver
Wing,
Balch, Assistant Cashier.
in position to pay to the depositors another dividend of 10 per
Mr. James Secor, a prominent financier of Toledo, died cent, making a total of 90 per cent. It is expected that the
recently in that city. At the time of his death Mr. Secor Comptroller will authorize the payment at once.
was President of the Union Savings Bank of Toledo and Second Vice-President and Director of the Northern National
It
$7,894,1)19,
—
Ptoujetarg 3 i&Qmmzxtlvd^u&llsh'Mzxos
Bank.
—Mr. Charles E. Thomas, President, Mr. Samuel P. Cook,
Cashier, together with the directors of Producers' |National
Bank
I., are named as the incorporators
Company of Woonsocket, for which
Woonsocket, R.
of
of the Producers' Trust
a charter has recently been applied
for.
—
Only one change was made in the board of directors of
the Fidelity Title
Trust Company of Pittsburg at the
annual meeting last week, Mr. Bayard Henry succeeding Mr.
&
William H. Staake.
—The recently organized American
Savings Bank & Trust
of Memphis, Tennessee, expects to be ready for
business by the first of the year. The institution has a capi
tal of |50,O0O, and its officials include Mr. Abe Goodman,
President; Lem. Banks, Vice-President, and Dwight M. Arm-
Company
strong, Cashier.
—The
appointment
is
announced
of Mr. E. P.
Passmore as
Cashier of the Traders' National Bank of Scranton, vice F. L.
Phillips, resigned.
—The Bank
of Clarkston, the first institution of the kind
open in that municipality, has begun business in Clarkston, Asotin County, Wash.
Mr. F. M. Hinkley is Cashierto
—The First National Bank of
Eureka, Cal., is now in the
having opened its doors two weeks ago. The names of
the officials appeared in our issue of October 19.
The bank's
field,
capital
is
$1CO,000.
— Former Assistant Cashier C.
C. Watkins, of the National
Owensboro, Ky., has become Cashier, Mr.
E. Q. Buckner having resigned that post.
Mr. Marcus C.
Deposit
Bank
Stuart
the
of
|
is
new
Assistant Cashier.
—Mr. George F. Rand, who, as announced in these columns last week, had .been elected to the directorate; of the
Columbia National Bank of Buffalo, has since been made
Second Vice-President of the bank, succeeding Mr.
J. C.
Bryant.
—Mr. W. M.
Manager of the stock and bond deHarris, Chicago and New York, has resigned his position and become a member of the firm of J.
Spencer & Co. of Albany and Poughkeepsie.
partments of
Spear,
J. F.
M
—The
Metropolitan Bank of Tacoma, Wash., was obliged
Tuesday on account of a run on the
previous day, due, it is said, to a misunderstanding. A suit
was begun last week by the National Exchange Bank of New
York for the collection of a judgment obtained in August
against the Metropolitan Savings Bank of Tacoma, which
went into liquidation several years ago. The similarity of
to close its doors on
[From our own correspondent.
London, Saturday, November 9, 1901.
The improvement in the New York Stock Exchange ha
brought about an increase in business in the American mar ket here and quotations have followed the lead of New York!
but in all other departments there is the same stagnation as
before. Consols fell sharply at the beginning of tbe week in
consequence of a speech of the Chancellor of the Exchequer,
which was interpreted to mean that taxation would have to
be increased next year and that there would be further borrowing. Some recovery has taken place; but the market is
very weak, and in the mining department there is an utter
standstill.
To-day is a Stock Exchange holiday, partly in
consequenoe of the King's birthday and partly by reason of
the fact that today is Lord Mayor's show day.
The seizure by the French fleet of Mytilene and its Custom
House has not had as much effect upon markets either here
or on the Continent as might have been expected, considering how many Powers are interested in Turkish affairs and
how great are the jealousies and susceptibilities of all. Yet
underneath the surface there is a good deal of uneasiness. The
present French Cabinet is very able and very prudent, and
people generally assume that it did not move in so ticklish a
matter without having ascertained that no other Power
would interfere. Still, there is a certain nervousness lest
something might happen that might give alarm, notwithstanding that no one doubts that the Saltan will yield and
the crisis promptly be brought to an end. Under these circumstances the unwillingness to engage in new risks is increased, and in Paris there is a further cause for anxiety,
owing to the renewed fears that the long-threatened coal
strike will take place. The banks, in consequence, are accumulating large reserves and are restricting in every direction the accommodation they give to their customers.
In Germany there has been nothing fresh to increase uneasiness; but on the other hand there is no improvement.
The banks generally are discriminating severely and are restricting the accommodation they give, as before; while
small failures are occurring week by week. It is evident,
therefore, that the slow liquidation must go on for a considerable time yet. Furthermore, it is feared that if the
tariff bill is passed in its present shape or in anything like
its present shape, it will give rise to a war of tariffs with the
neighboring countries, will possibly weaken the relations
between Germany on the one hand and Austria and Italy on
the other, and therefore will further depress business of all
kinds. In Russia the crisis continues; and as the crops over
a large part of the Empire are bad, it is to be feared that it
Altogether there is a feelwill deepen rather than improve.
ing of anxiety, unrest and apprehension all over the Continent.
Here at home prices have fallen considerably, and
trade is undoubtedly worse than it was. Still, trade is sound,
credit is good, and the impression is very general that if the
war in South Africa could be brought to an end somehow
there would be a marked revival of business almost immediately.
of Trade returns of October again show a fallboth in imports and in exports; but the returns are
by no means as bad as they look at first sight, because a very
The Board
ing
off,
THE CHRONICLE.
1092
large part of the decrease is due to the decline in prices.
Still, there is unquestionably a shrinkage of trade; and this
was to be expected considering the great depression that prevails all over the Continent. On the other hand, there is
some improvement in our trade, both with India and with
China. The value of the exports of British and Irish produce
and manufactures was £23,983,636, a decrease of £759,294, or
3 per cent. There is a decline in the exports of coal of 8 per
cent in quantity and of as much as 80 per cent in value.
There is also a large decline in pig iron but on the other
hand there are satisfactory Increases in cotton yarn and cotton piece goods. The value of the imports for the month
was £44,351,403, a decrease of £4,144,205, or 8& per cent.
The falling off is very general: thus there is a decrease of
nearly 95,000 cwts. in wheat, chiefly from Argentina and
Russia. There is also a large falling off in wheat flour,
chiefly from the United States.
Raw sugar has a fallen off
likewise. There is a heavy decline in pig-lead and in tin.
In raw cotton the falling off is over 685,000 cwts., or over 44
per cent. In value the falling off is 4.7J4 P er cent. There is
also a very heavy decline in sawn timber, the decline in value
exceeding one million sterling.
The reserve of the Bank of England has declined sharply
this week; yet rates remain fairly easy, and the outside
market had to borrow but little from the Bank of England
to pay the instalment on the coneol. loan which fell due on
Thursday. For the moment it looks as if the withdrawals
of gold for the Continent were at an end but much will de
pend upon the course of events in France. Anything that
would increase apprehension there would naturally lead the
principal banks to withdraw some of the immense balances
they are employing in London. For the moment they are
not taking new bills to any considerable extent, and in many
cases they are not even renewing tbe bills that are falling
due. Still the impression prevails amongst those best able
to form an opinion, both in Paris and in London, that if there
is no fresh cause for alarm France will not withdraw more
money from London. It is believed that the preparations
against contingencies in Germany are now completed and
that very little more gold will be taken for that country;
but there again much depends upon the course of events. If
gold continues to flow from New York to Europe the money
markets both here and on the Continent will be kept easy;
but were the shipments to cease, it is possible that there
might be further considerable rise in rates.
The India Council continues to sell its drafts well. It offered for tender on Wednesday 50 lacs and the applications
exceeded 1,588 lacs, at prices ranging from Is. 3 l-32d. to
Is. 4d. per rupee.
The whole amount offered was allotted;
but there were no special sales made later in the day. Next
week 60 lacs will be offered for tender.
The following return shows the position of the Bank oi
England, the Bank rate of discount, the price of consols, &c.
Supplies available for consumption (exclusive of stocks on
September
1900.
Nov.
6.
X
~.
Circulation
Pnbllo deposit!
Other deposits
Government securities
29,66S,9J!6
7.
1898.
Nov. 9
£
a
29,6fl0,?16
38,490,970
7,170,791
27,302,985
6,950,SK8
7,621,660
5 899,711
41,961,753
88,407,750
4l,6tiO,038
17,628,736
18,249,034
15,455.990
Other securities
26,821,606
24,100,782
80,548.510
Reserve of notes and ooin
23,0«n,665
19,841.936
20,750,l'52
Com & bullion,both departm'ts 36,188,660 31,780,151 82.441,022
Prop, reserve to liabilities.. p. o
46 7-16
Bank rate
percent
4
4
Consols, 2H peroent
91 5-16
98 9-16
103 18-18
Silver
29 ll-16d.
anfca.
26 15-16d.
Olearine-House returns
172.539,000 166,211,000 154.363,000
rates for
money have been
1
Oct.
"
"
Nov.
12 3
19 3
26 3
Bank
S -Months.
4 Months.
2k
2k
2M®2^
2
5-lP®2%
2 13-16
2 *
3M@3^
9 4
3!*
Months. 3Mos.
Bills.
8
SU®SH
3V«@3k
19,877,350
qra... 2,055,000
to qrs... 305.000
qre... 485,000
Flour, equal
Maize
Id.
3d.
27s.
26b.
-Id.
6d.
of wheat, flour and
1899.
1,525,000
305,000
1,045,000
1900.
1,870,000
350,000
670.000
EnsllaM Financial in art eta— Per Cable.
The daily closing quotations for securities, etc, at London
are reported by oable as follows for the week ending Nov. 22.
London.
Silver,
per ounce
d.
p. ota.
new, 2*
For account
Fr'ch rentes (in Paris) fr.
Spanish 4a
26%
91%
26^i«
693a
698s
73a
7%
Anaconda Mining
111
97k
Canadian Paclflo
117%
Chesapeake & Ohio.... 48J*
26i«
Chloa. Great Western.
Den.
&
A Rio
St. Paul...
Or.,
com
82%
820a
K;3k
Preferred
Baltimore & Ohio
Preferred
175k
103
111
97 k
1183s
48 k
26k
175
46%
47 k
97k
43k
74%
61k
97 k
143
Louisville & Nashville.. 109 k
28
Mexican Central
Mexloan National
14
Mo. Kan. & Tex., com.. 27 k
Preferred
54k
ST. Y. Cent'l & Hudson.. 166k
N. Y. Ontario & Weat'n 353s
Norfolk & Western
58k
143
1093s
22 k
14
Do
Erie,
do Preferred.
common
let preferred
2d preferred
Illinois
Central
43k
7434
61k
26%
54k
166k
36k
58 »4
94
Do
do
pref. 93
Northern Pacific, pref.. 103k
74%
Pennsylvania
•Phila. ARead
'Phila. & Read, ,1st pref.
Read., 2d pref.
•Phila.
2334
Southern Pacino
douth'n Railway, com..
Preferred
Onion Paoiflo
Do
Do
74%
24k
26ii 9
26-ie
103
109k
9*k
117%
47k
26k
173%
61
142k
109 k
23
14
26%
54k
166
110
97\
11734
47k
26k
173
47%
97k
43 k
74%
61
142
109 k
22k
rn.
Tfiurt.
26l 19
91iii8
7434
25
6234
70%
7
7
83<a
81%
98
11734
172k
174k
48k
25 k
26
47 k
47k
96 k
96k
43%
74k
43%
74%
61k
61
142
142k
109%
22k
111
22k
14
26?i
53
54
166k
172k
58%
94k
44%
y4
94
44 k
95
95
21
104 k
75 84
74%
24k
40%
29%
25k
40
k
30 k
62k
34%
92k
62
34 k
92%
-.2-.
107%
58k
93k
93
103%
34 k
107%
37 k
37
29%
61%
45%
110\
117%
47k
40 k
93
103 k
103
108
97 k
26%
108%
21k
38k
61k
69%
26%
103k
74k
24%
61%
34%
91%
0107%
14
36%
58k
93k
94
104k
26
91»ie
14
54
16«
36%
58k
6234
34 k
61k
82k
102k
97k
43k
74k
30 k
94k
44^
95k
21k
7k
47 k
30
39
preferred
Deb. "B"
82k
29k
34%
93k
69%
7^16
40%
93
pref..
69%
4034
109 k
Preferred
D. 8. Steel Corp., com..
do
104k
40 k
&
Do
Wed.
Tut*.
91k
9U3i« 91*
9H"i 6 91 %
9H3lB 91i:; 16 91%
101
10010
00
0072% 10080
0107k
A ten. Top. & Santa Fe..
Chic. Mil.
ifon.
Sat.
Consols.,
106
93 k
107 k
94
21
44 k
38
21
38
94 k
21
38
6lk
61k
6lk
9434
44%
94k
38k
61k
Price p«r snarr
OfommetxtaXaud $&isztllxuz0n&%zTos
62%
4
—
loan
27%d.
Imports and Exports for the Week. The following are
York for the week ending for dry goods
week ending for general merchandise
Nov. 15; also totals since beginning first week January.
the imports at New
Nov. 14 and for the
146.C98.OO0
Ik
Ik
1k
2k
2k
FOREIGN IMPOBT8.
DWtH's.
Call
Dayi
1H
ik
ik
8k
2k
1H
1«
1«
For week.
1901.
Dry GoodB
Oen'l mer'dise
Total
Since Jan.
Sen'l mer'dise
1899.
1898.
81,971,771
8,090,395
81,683,685
7,927,945
$1,956,503
7,752,537
$1,523,274
8,874,096
810,062,166
89,611,630
$9,7C 9,040
110,397,370
$94,297,651 8102,022,734
396,545,7471 369,591,403
891,326,801
864,187,605
$81,694,042
297,957,178
Total 46 weeka $490,843,398 $471,614,137 $455,464,406 $379,651,220
The imports of dry goods
for one
week
later will be
found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
•peoie) from the port of New York to foreign ports for the
week ending Nov. 18, and from January 1 to date.
EXPORTS FROM NEW YORK FOB THE WEEK.
in
-
:
1901.
For the week.
Prev. reported
$8,758,199
442,276,042
1900.
1899.
$10,060,8471 $12,846,829
466,675,362| 403,521,218
1898.
$10,396,103
405,413,233
Total 46 weeks $451,034,241 $476,736,209 8416,368,042 $415,809,336
Note.— Ab the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also compiled by the Custom House, we shall from
time to time adjust the totals by adding to or deducting from tbe
amount "previously reported."
oompared with previous seasons
IMPORTS.
1898-99.
10,534,800
6,049,200
2,817,170
358.950
476,430
8,163,800
3,427,130
1900.
1.
Dry Goods
&
1900-01.
1899-00.
14,339,900 11,449,200
4,744,000
3,008,900
4,993,800
3,910,900
437,510
621,800
397,740
329,100
8,880,400 10,507,200
3,958,600
4,007,400
Last week.
1,920,000
260,000
520.O00
This week.
Wheat
2H
Messrs. Pixley
Abell write as follows under date of
November 7
Gold— With but few arrivals, business has been very slack. The demand for the Continent has been less marked and slightly lower prices
have ruled. The movements at the Bank of England have been unimportant and £20,000 has been received from Australia, against £118,000 withdrawn for Bouth America. Arrivals: Australia, £4 5,000; Bombay, £99,000; Chile. £2,000; River Plate, £17,000; West Indies, £25,COO-total. £188,000, Shipments: Bombay, £5,0(0
Silver— The market has been quiet and dull. A limited amount of
selling on American account caused the price to fall 0%d. at the close
of last week, but with sellers since holding off the price has remained
unaltered at 26%d. oash and 267i„d. forward. The Indian price is Rs.
67k per 100 tolaba. Arrivals: New York, £267,000; Chile, £13,000;
Wes,t Todies, £5,000— total, £28\O0O. Shipments Bombay, £85,000;
Hong Kong. £32.148; Caloutta. £2,500— total, £119,648.
Mexican Dollars— In sympathy with the weaker silver market, these
coin hav given way slightly and are now quoted at 263 16 d. oz. Shipments: Hong Kong, £4,940.
The following shows the imports of cereal produce into the
United Kingdom during the nine weeks of the season
1901-02.
imp'tsof wheat, cwt.11.143,000
Barley
5,647,600
Oate
3,602,300
£•*»
348.400
524,800
fSS"
Indian oorn
7,538,900
novx
3,250,800
28a.
26s.
The following shows the quantities
26,632,115
21,617,461
32,040,436
iMos. Banks
3®SH
8®8M
3®3& 3M@3H
8M
S%@3k 3M®*
4®4M
8*
4
8«
21.737,005
27s. lid.
28s. 6d.
10,204,(540
Joint
Stock
2 13-ie@2ft 2M®3
2 16-16@8
2fc@3
23,218,566
1899-00.
maize afloat to the United Kingdom:
Interest allowtd
for deposits by
lrade
Bills.
20,170,279
Aver. price wheat, week. 26s. 2d.
Average price, season. 25s. lid.
3,250,300
Total
as follows:
Open Market Rates.
a
3
London.
4,007,400
6,280,405
Importaof flour
Sales of home-grown. 5,776,979
34,684>88
a%
The
3,958,600
4,920,066
1898-99.
10,534,800
8,427,130
5,915,420
Wabash
1899.
Nov. 8
*
4
1900-01.
1901-02.
;
1901.
1):
Wheat Imported, owt.l 1,143,000 14,330,900 11,449,200
;
Nov.
[Vol. LXXIII.
The following table shows the exports and imports
New York for the week ending Nov.
and sinoe Jan. 1, 1901, and for the corresponding periods
1900 and 1899.
tpeoie at the port of
I
of
16
in
November
THK CHRONICLE.
23, 1901.]
XPOBTt
AJKD
IMFOBTS OF BPBUIB AT
HBW TURK.
Import*.
Export*.
Bold.
Sine* Jan.
Week.
$1,764,851
27.281,205
7,684,567
715,087
50,868
34,515
1,114,500
4,602,723
7,600
All other countries.
Total 1901
1.
$4,610,223 •88,545,593
5,100 47,460,164
250
Total 1899
Week.
Since Jan.
Reports of Non Member Banks.— The following Is the
itatement of oondition of the non-member banks for the
week ending Nov. 16, based on averages of the dally result.
I*> omit tt/v> eti>h*r* SOO in 'Hi i-i-m*
)
1,
9244.196
BANKS.
1,178,858
(00* omitted.)
21,293
2.841
73.780
1,060
1.636.6S0
442,403
926,194
84,409
NSW VoRK C1TT
$98,974
9.320
7,858
*4,51 1.740
10,472,266
13,917,188
9
Import*.
Export*.
Oapi-
Since Jan.
1.
$683,300 $42,025,116
697,496
2,220
248,324
21,250
Weet Indies
South America
11 other countries.
Week.
$
i
$25,283
4,720
223
230,953
2,477,964
530,248
37,261
2,737
16,491
649
24,431
3,091
"**600
Since Jan.
Borough of
Manhattan,
•
Jolonlal
'Jolambia
(Eleventh Ward...
Fourteenth Street.
Gansevoort
Hamilton
M ount Morris
Plata
Riverside
State
Ward
Twenty third W'd
Twelfth
Union square
forkvllle
Washington
Fidelity
,
Varlok
Jefferson
Total 1901
Total 1900
$683,900 $43,021,927
895.057 46,013,116
1,146.806 40.876.614
$19,877
89,361
40.744
$3,306,652
4,234,685
3,521.749
Of the above imports for the week in 1901, $21,740 were
American gold coin and $2,752 American silver coin. Of the
exports during the same time $7,500 were American gold
coin.
City Clearing House Banks.— Statement oi
condition for the week ending Nov. 16, based on average of
daily results.
We omit two ciphers ^00 J in all cases.
New York
RANKS
Bank
of
Capital. Surplus
N. Y.... 3,000,0 2,166,2
Manhattan
Co...
Merchants'
Mechanics'
Amerioa
Phenix....
ulty ..............
Chemical
Merchant e' Ex..
Oal Latin
Batch.<ft Drov'e'
Mech.A Traders'
Qreenwloh
Leather M'l'ri-.
Seventh Xation'l
State of N. T....
American Exch.
Commerce
Broadway
Mercantile
Paolflo
Chatham
People's
North Amerioa..
Hanover
Irving
OltUens'
Nassau
Market* Fulton
Shoe <fc Leather.
Corn Exohange..
2,060,0
2,000,0
2,000,0
1,600,0
1,000,0
10,000,0
300,0
600,0
1,000,0
300,0
400,0
200,0
600,0
1,700,0
i, 200,0
6,000,0
10,000,0
1,000,0
1,000,0
422,7
450,0
200,0
1,000,0
3,000,0
600,0
600,0
500,0
900,0
1,000,0
1,400,0
300,0
1,600,0
2,000,0
260,0
3,000,0
1,000,0
300,0
2,093,0
1,136,7
2,317,2
3,097,0
257,8
6,630,3
7,000,4
258,8
1,984,7
73,1
133,0
184,1
515,8
664,'i
3,411,2
7,094,6
1,687,3
1,361,8
612,4
977,9
360,8
1,025,8
6,655,2
475,3
382,6
289,8
1,012,2
226,0
1,849,7
406,9
Oriental
8.104,4
Imp'frs'ATrad.
Park
3,968,7
180,9
East River
Fonrth
2,563,2
586,2
Central
996,0
Second
71,8
Ninth
760,0
Pint.... .......... 10,000,0 11,407,9
335,0
N.T.Nat'lExch.
500,0
Bowery
260,0
200,0
760,0
743,7
604,2
404,8
1,000,0
100,0
2,657,3
1,407,9
684,8
866,7
1,014,8
1,168,1
871,7
1.110,7
N. Y. County....
German Amen..
Chase
Fifth Avenue...
German Exch...
200,0
200,0
300,0
Oermanla
LlnooLn.
Oarfleld
Fifth
1,000,0
200,0
300,0
436,6
200,0
Seaboard.
600,0 1,015,8
Western
2,100,0 2,378,2
1st Nat., B'klvn.
620,4
300,0
Liberty
768,0
600,0
N. Y. Prod. Ex.. 1,000,0
443,4
New Amsterdam 260,0 603,3
As tor
418,5
360,0
Hide A Leather.
389,1
500,0
Bank of Metrop.
West Side
Total
Loam.
Specie
Legale.
t
t
$
20,098,0
94,808,0
12,691,8
14,007.0
19,436.6
4.765.0
115,341,7
24.986,6
6,216,0
9,483,5
1,049,9
2,678,0
902,3
3,853,8
3,157.4
4,677,3
29,674,0
70,93i,4
6,822,7
14,615,9
2,373,3
6,948,2
2,095,7
11,956,8
48,213,0
4,0c4,0
3.442,0
2,661,3
6,886,0
4,173,7
22,921,0
2,083,0
23,347,0
48,876,0
1,176,5
24,173,2
10,379.0
9,448.0
1.878,6
76.009,8
4,182,3
3,089,0
3,925,0
3,558,3
42,027.1
9,029,3
2,381,4
2.999,8
14,225,6
7,683,5
2,206,1
6,863,5
2,728,0
12,852,0
35,225,8
4,205,0
6,616,4
4,230,9
7,653,8
4,184,0
2,761,0
3,383,0
7,208,0
2.481,8
1,819,0
2,999,3
837,0
30,203,5
4,783.8
931,8
1,195,4
368,6
894.0
115,6
788.8
2,510.0
257,3
6,486.0
8,515,1
961,5
2,534,3
377,6
780,5
250,8
1,422.2
8,281,6
660,5
780,6
381,8
979,7
807,8
4,487,0
162,1
3,832,0
15,501,0
176,8
3,997,1
1,812.0
1,629,0
362,6
16,847,2
700,7
400,0
846,0
583,1
11,236,8
2,273,6
215,0
408,3
1,826,5
1,344,8
405,8
1,362,8
390,0
1,614,0
7,899,8
644,0
1,175,5
718,6
1,525,6
771,7
415,3
1,470,0
2,085,0
1,646.8
1,132,0
2,351,8
245.0
6,100,8
2,874,8
571,9
1,006,3
67,2
235.0
211,3
155,2
161,8
326,0
1,088,0
5,727,4
353,8
1,588,8
458,8
-918,8
513,5
1,140,7
6,740,7
424,9
271,7
312,9
740,6
267,1
2,248,0
379,7
1,195,0
3,300,0
199,7
2,397,8
1,543,0
987,0
233,5
2,210,0
413,3
374,0
322,6
265,0
1,793,6
351.4
684,2
498.3
2.076.0
349.5
170,5
468,1
347,0
2,090,0
2,624,4
665,0
425,0
308.8
849,0
189.8
106,6
ReDeposits servt
„ »
20,042,0
31,016,0
15,185,1
14,096,0
21,670,4
4,539,0
131,748,7
25,344,1
5,637.8
8,052,7
1,388,8
8,261,0
876,7
3,618,9
4,760,0
4,055,2
23,982,0
60,165,1
6,080,5
15,733.8
3,358,8
6,133,5
2,920,8
11,838,3
63,163,5
4,211,0
4,025.0
3,023,3
8,344,7
4,858.6
27.386,0
2,074,0
20,918.0
63,274,0
1,392,2
26,482,7
18,086,0
10,236,0
2,065,0
71.975,5
4,013,6
3,376,0
4,352,0
8,455,8
60,848,3
10,164,8
3,280,9
4,606,2
16,642,2
7,800,5
2,289,7
7,596,1
2.868,0
14,854,0
41.186,7
4,443,0
6,410,7
4,114,1
8,080,8
4,088.0
2.008,1
P.C
24-2
29-9
27-1
209
24 8
238
275
29'3
286
27-3
80-4
19-3
37-3
26-4
56-1
14-3
27-4
23'6
21-6
260
24-8
276
261
21-7
26-5
25-5
201
233
271
230
24'6
261
24-0
29-7
270
250
25-6
24*5
28-8
260
27-7
22-9
22-2
24-6
266
25-8
274
197
234
I
Capital A
Surplus.
Oct. 20.. 180,566,4
Nov. 2.. 180,888.1
9.. 180,888,1
"
10.. 182,673,1
9..
Nov.
"
2..
9..
18..
160,0
100,0
300,0
100,0
Fifth Avenue
100,0
Kings County
150,0
Manufacfrs' Nafl. 252,0
Mechanics
500,0
Meoh's' A Traders 100,0
Merchants'
100,0
Nassau National. 300,0
National City ....
300,0
North Side
100,0
Peoples
100,0
Seventeenth Ward 100,0
Spragne National. 200,0
Twenty -sixth Wd. 100,0
Onion
100,0
Vallabout
100,0
Loan*.
Specie.
Ltqals.
*
884,589.7
891,922,9
886,995,0
882,667,4
$
1829428
1784637
1773382
1705895
t
70,894,4
71,584.7
88,956,5
70,086,4
57,632,9 197,824.0 16,555,0
57,632,8 194,413.0 16,886,0
57,632,9 183,840,0 16,018,0
38,715,3 177.210,0
88,715,3 176,863,0
38,715,3 178,188,0
Depo»it».t
854.486,1
858,062,4
950,4iu!l
946,084,3
7,987.0 '228,001,0
7,988,0 223,701,0
7,918,0 222,299,0
67,655,0
55,362,0
56,114,0
210,378.0
208,242,0
210,870,0
Wt omit two ciphers in all these
t
Inoludlng for Boston and Philadelphia the Item " due to other banks.**
figures.
8.0
107,2
196,4
110,2
131.4
26,0
297.8
201.0
463.8
189,0
62.8
7,2
6
2849,8
1601,0
1883.2
2763.0
0.8
1,1
66,4
1081,1
100,6
62.1
49,2
80,4
35,0
80,1
103.5
11,0
079.0
603.9
262.8 1051,6
60,4 138,6
11.6 198.0
68.1 415.1
27,5 157.7
43,0
33.4
450.0
0130,4
1768,4
994,3
1278,5
2024,6
830,5
18.3
8,8
17.6
1299,6
1827,2
1064.8
397,6
688,9
12,8
14,0
80,9
13,6
85,8
83.4
328,9
168,7
18,3
88.6
86,8
024.6
720.9
15,9
85.5
28,2
17,6
Other Cities.
ist Nat., Jer. City. 400,0
Hud. Co. Nat,, J.C. 250,0
2d Nat., Jer. City.
260,0
3d Nat., Jer. City.. 200,0
1st Nat., Hoboken. 110,0
2d Nat., Hoboken. 126,0
907,7
600,1
303,1
242,6
469,2
113,8
4668,0
1780.0
1184.8
84.0
2708 7
1484,5
088.1
300.1
042.2
808.5
97.6
66.0
238,4
10,0
11.8
0.4
36,0
686,1
7.1
180,0
148,0
10.4
40,6
9.2
5332.3 202,0
2179,3
74,2
1174,8
68,4
1032,8
35,6
2126,7 114,6
088.5
81.8
1200.8
1740.2
1048.3
376,1
888,8
747,4
3207,1
4453,3
1020.6
708,4
4326,0
3345,0
852.8
058.0
673.2
876.8
677.8
722.4
802,4
0.0
0.0
18,0
60,6
10,0
04,0
50.0
04,0
66.9
70,1
62,0
43,0
3,0
77,4
38,3
132,7
6,7
Totals Nov. 16.. 9062,0 9406,1 72681,8 3380,2 4468,1 8871.6 2057,8 78784,5
Totals Nov. ».. 8082,0 9206,1 71777,6 3108,7 4345.2 8350,8 1778,8 77842.2
Totals Kav. 2 8362,0 9217,6 72007,7 3263,8 4168,3 7848,6 2204,0 70749.8
Auction Sales.— By Messrs. Adrian H. Mailer
114
25
85
25
54
46
51
35
20
26
60
100
103
7
4
1
National Broadway Bk..424 \
Booklovers' Library
99'e
Colonial Tr Co. of N. Y.327
Westchester Tr.Co., N.Y.133
German- Amer Bank
148^
$900 Securities Co. con.
80
$4,500 Mann. Beach Hotel &
Land Co. 1st 4s. 1940.. 55
$3,000 State of Indiana 3b.
100
1909, J&D
$500 Sussex BR. Co. 1st 7s,
104
1903. A&O
$250 Nor. Oar. 4s, 1910, J&J. 106%
$106
500 Marine Sugar
Co.,
Spe
29
& Co.:
$130
$10 each
Ifctt&tttfl
Ac
4s,
C
Series
By Messrs. Richard V. Harnett
Stocks.
1 New York Law Instltuto
27
:
22 Bond & Mtge. Guar. Co. 472
1400>4
10 Union Trust Co
10 W'b'gh City Fire Ins. Co.560
33 North Amer. Trust Co... 246^
Bonds.
$115,000 N. Y. O. Cons.Dook
3i«8, 1928, M&N .106^-10659
Passalo Print Wks., com. 62
National City Bank. 620-629
Lawyers' Mtge. Ins. Co.228 1a
German Exch. Bunk.... 340
Lawyers' Title Insurance
350ie-350i4
Co
Meroh. Ex. Nat. Bank. .153 4
Chatham Nat. Bank
330
Hanover Nat. Bk.69bij>-700
Nat. Bank of Commerce.385
Bank of N. Y., N. B. A.. 334
Oert. memb. N. Y. Prod.
Exchange
& Son
Stocks
13 Amer.Ex. Nat.Bk.29fi»fl-299i«
Stocks.
and financial.
Trask
BANKERS,
icer
$11 for lot
..
&
Co.,
....
PINS STREET,
NEW YOBR
Transact a general banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIESMembers N. Y Stock Exchange.
Branch
GKOKOK BARCLAY MoFFAT.
Offloe, 87 State
St„ Albany
ALEXANDER M. WHITE
Moffat
&
JR.
White,
BANKERS,
No.
1
... NEW YORK.
INVESTMENT SECURITIES.
New York
stock Exchange,
NASSAU STREET,
Tracy
i
•
•
1980,0
2800.0
1380.1
1630 8
1866
1877.2
98,4
204,0
129,7
41,6
67,1
105,3
267,1
845,5
77,5
23,3
658,0
626,0
47,7
44.5
78,6
141,0
98,7
216.6
168.6
48,0
26,3
88,9
69,7
26,0
100,0
Borough of
Richmond.
Bank of Staten Isl
UtNat.,StatenIsl
260
9.881.0 113,295,0
9.806.01 96,543.2
9,824, 0llll,319,9
•
183.7
287.0
883,0
102.9
18,4
80.4
35.9
24-9
6,003,0 141,324,7
5,597,0|152,119,7
6,597,0 143,207,6
l*J«,SU4
248,0
149.0
46,3
189,3
150,0
00,7
42.8
150,6
142,2
24,6
64,7
179,0
536,1
1129.4
643,1
648,7
810,2
-Members
31,763,2
81,876,9
31,821,4
81,982,0
81,9
165.0
178.0
100.1
2729,9
3717,0
1013.8
708,3
3991,0
2810,0
924,1
893,6
247
255
272
t
12980804
13588139
18260078
17044386
196
76,0
138,7
35,8
26,9
29,1
26,6
170,3
168.1
73,8
64,3
284,0
288,0
49,6
52,9
47,9
18,0
18,2
60.9
29,1
CircTn. Clearings
I
*
167.0
107,0
61.6
01,2
04 8
122.7
90.2
119.7
164,7
120,1
180,8
157,4
34,8
73,9
01,0
437,3
300,6
186.8
23,8
825,6
573,6
144,7
123,9
78,2
243,3
64,2
60,5
65,9
Broadway
banks.
$
"
10..
Phlla.*
Bedford
Brooklyn
Eighth Ward.
83.822,7 99.050.4 882.587.4 1766895 70.035.4 946.084.3 86-0
member
Bob.'
Nov. 2..
.
1
140,9 1X06,6
85,1
217,0 2688.0 164,0
126,6 1166,1
48,0
82,3 13*2,4
09,4
20,0 1335.4
17,6
100,0 1781.8
99,6
09,6 2238.4 121,7
168,7 1387,1
88.3
147,8 16644
24,9
222,6 2405.0 216.0
128,6 1048,0
14,0
283,8 8706,0 829.0
42,7 1343,0
41.0
76.4 1084,8
44,8
888,1 2236,3
46,2
223,8 1610.8
07,9
10.7
30,8
701,7
96,1
444,7
10.6
69,1
10,8
829,0
693.6
54,1
14.7
02,2
202.6
6.8
100,0
3,2
183,0
200,0
634,6 127,9
Net
OtHer
Bki fa
Notes
•
100,0
300,0
100,0
100,0
200,0
200,0
250,0
200,"
200.U
100,0
100,0
100,0
200,0
100,0
200,0
100,0
100,0
200,0
100,0
200,0
100.0
100,0
1000,0
DtPOtU.Wttk
Boro'h of Brooklyn
261
239
New York City, Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the nonBakes.
Century
Wanh'irtonHelghts
United National.
22-2
24-9
24-9
26-1
23-4
Lea. T.
± Ilk.
<k
Invest- •ipeeie
ments.
Mutual
Silver.
Sur- Luans
plus.
lil.
|
Nineteenth Ward.
Week.
1093
No.
CHICAGO.
&
40 Wall
Co., Bankers,
Street,
NEW YOHK.
Connected by private wire.
MILWAUKEE.
Dealers in High Grade Bonds.
LUthf Current Invest men!
w„„
.
lh' „
r J New York Stock Exchange.
Jleml
er3
1
Chicago Stock Exchange.
Offerings sent
on Application.
Commission Orders
Executed In all Market*
THK 'HRONICLF.
1094
—
United States Bonds. No Bales of Government bonds have
been reported at the Board this week. The following are the
daily closing quotations
for yturly range see third page
(BnzztU.
iauluers'
[Vol. LXXIII.
;
IMVIHUMts.
Name
of
When
Per
Company.
following.
Books Closed.
(Days Inclusive.)
Cent Payable
Rnllroadn (Stonm).
Boston
&
Maine, com. (quar.)
do
do
rec.
to
to
Nov 30
Nov 19
Nov 22
to
to
Dec
Nov 20 Nov 12
2 Nov 23
Deo
to
to
Nov 20
to
to
to
to
Nov 20
Jan
1»4
Ik Jan
Hocking Valley, com
Jan
2
pref
Holders of
1
18 Deo 28
18 Deo 28
Rnnkn.
Avenue, Brooklyn
Union 8q uare
Fifth
Fay
Ullncftlliuieoiia.
Egan, pref. (quar.)
(J. A.)
&
Lit.
&
Dec
9
Dec
2
1
General Chemical, com. (quar.)
Kings County Klec.
3
3
3
4
1
IV, Dec
Power
(qu.)
(quar.)...
National Fire-Proofing, com.
National Load, pref. (quar.)
Ohio & Ind. Consol. N. & 111. Gas (qu.)
Va.-Carollna Chemical, com. (qnar.)....
1
1
Deo
Deo
1
Nov 20 Nov 1
Deo 16 Nov 27
\>vv
2 Nov 25
1 Nov 22
Dec
1*4
1 34
Jan 19
Jan 19
a
Dec 16
Dec 2
Dec
registered
2s, 1930
2s, 1930
coupon
2s, 1930 .sma.l. registered
2s, 1930 ,smali
coupon
3s, 1918
registered
88, 1918
coupon
8s, 1918, small. registered
8s, 1918, small
coupon
4s, 1907
registered
4s, 1907
coupon
4s, 1925
registered
6s,
6b.
Nov.
Nov.
Nov.
Nov.
Periods
16
18
V.I
20
Q— Jan
Q—Jan
•109
•109
Q— Feb
Q— Feb
Q— Feb
CJ— Feb
Q—Jan
Q —Jan
Q— Feb
Q— Feb
registered Q— Feb
coui on Q— Feb
1904
1904
•This
Interest
Is
•ibs" •ibs" *ibs" •ibs" »i©8*" •ibs"
•112\ •1123* .112*8 '112k *112k •112k
•1123s *112*a -112\ •112k «112k •112k
•139
•139
*139
•139
-139k •139'*
•139
•139
*139
•130
*139k •1391*
•107
•107
the same time that there has been an unusual advance in
a considerable list of issues not affected by such opposition.
As to the advance noted, it is evidently based on the
favorable results of the community-of-interest theory carried into practice in the coal trade and other important railway groups; and further by expectation that the same principle will be more widely extended.
Other prominent factors in the situation are the outward
gold movement and money market conditions. As to how
long gold exports can continue on the present scale without
disturbing the money market, there is considerable difference of opinion; but up to the present writing call loan
rates, as will be seen below, have not been above 5 per cent.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 3 to 5 per cent. To-day's rates on call were 3 to 4%
per cent. Prime commercial paper quoted at 4%@ 5 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £288,233, and the percentage of reserve to liabilities was 47*77, against 45"91 last
week; the discount rate remains unchanged at 4 per cent.
The Bank of France shows an increase of 17,800,000 francs
in gold and 3,525,000 francs in silver.
The New York City Clearing-House banks in their statement of Nov. 16 showed an increase in the reserve held of
$330,200, and a surplus over the required reserve of
previous week
$
$
from
Loans & discount*
Circulation
Net deposits
Specie
Legal tenders
83.622,700
99,050,400
882,567,400
31,982,600
946,084,300
176,689,500
70,035,400
Reserve held
Legal reserve
246,624,900 Ino
236,521,076 Deo
1,083,700
10,103,825 Ino
1,413,900
Capital
Surplus reserve
Deo 4,427,600
Ino
161,200
Deo 4,334.800
Deo
749,700
Ino 1,079,900
330,200
week.
1900
1899
Nov. 17
Nov. 18
$
$
74,222,700
90,109,900
787,846,100
30,677,500
839,670,100
158,852,500
68,734,800
69,422,700
79,083,700
679,762,200
16,462,300
736,836,900
136,778,300
47,118,900
217,687,300
209,917,525
183,897,200
184,209,225
7,660,775 def.
312,025
NOTB.— Beturns of separate banks appear on page 1093.
—
Foreign Exchange. The foreign exchange market has
continued strong and rates advanced to a new high record.
To-day's actual rates of exchange were as follows: Bankers'
demand, 4 87%@4 87^;
sixty days' sterling, 4 84%@4 84%
cables, 4 88%@4 88%; prime commercial, sixty days, 4 84@
4 84%; documentary commercial, sixty days, 4 83J^@4 84%";
cotton for payment,
grain for pavment, 4 84%@4 84%
4 83%@4 83%*; cotton for acceptance, 4 84@4 84%.
Posted rates of leading bankers follow:
;
;
Demand
Sixty Days
November 22
4 84k
Prime bankers' sterling bills on London.
©4 84k
4 84
Prime commercial
4 83k ©4 84*4
Documentary commercial
4
Paris bankers' (Francs)
5
Amsterdam
(guilders) bankers
Frankfort or Bremen (reichm'ks) bankers
*
Less
5
18V ©6 17k
40»ie © 40k
95
© 95he
88k ©4 89
16k ©5
40» 18
95*16
15V
© 40^9
©95 k
lie-
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying
%
discount, selling par; Charleston, buying par,
selling 1-10 premium; New Orleans, bank, par; commercial,
$1 00 discount; Chicago, 15c. discount; St. Louis, par; San
Francisco, 5c. per $100 premium.
•107
•107
*107
'107
.
1
longer be a disturbing factor in Wall Street, but the opposition of some of the Western Governors, headed by the
Governor of Minnesota, to the plan of settlement is now used
with more or less effect to depress the security markets.
At least it is difficult to find any other cause for a decline
in Great Northern, Union Pacific and St. Paul shares at
Differences
22
•108'k *10H*4 •1084 '10Hk •108»4
• 108*4 •108k
*108k * 108*4
•ibs" •ibs" -ibs" •ibs" *ib*8k •io§k
•108 »4 *108>« *108>4 *108k *108k •108 k
Coins.— Current quotations
1901
Nov. 16
Nov.
*107i*.
•107
•107
•107
*107k •1(17
the price bid at the morning board; no sale was made.
Sovereigns
$4 85
WALL, STREET. FRIDAY. NOV. 32, 1901.-5 P. M.
Napoleons
3 84
XXReichmarks
4 73
The Money Market and Financial Sitnation.-When the 25 Pesetas
4 78
terms of the Northwestern railway settlement were made Spanish Doubloons.. .15 50
Mexican Doubloons.. 16 50
known last week, it was supposed that that matter would no Fine gold bars
par
$10,103,825, against $8,689,925 the previous
Nov.
21
©$4 88
©3 88
©4 78
©4 83
in gold for coins
Fine sliver bars
Five francs
Mexican dollars
Peruvian sols
©15 60
©15 60
©kprem.
and bullion:
—57 ©_58k
—93 © — 96
— 45 © — 47
—42 © — 44k
English silver
$4 81 ©$4 85
United States trade
— 62 © — 70
dollars
State and Railroad Bonds.— Sales of State bonds at the
Board include $21,000 Virginia fund, debt 2-3s at 98%,
$2,000 Louisiana con. 4s at 107 and $500 District of Columbia
3-65s at 126%.
The railway bond market has been unusually steady, but
few active issues showing any important change.
Transactions averaged about $2,500,000, par value, per
day. and were generally well distributed.
Chicago Terminal Transfer 4s and the Erie issues were
relatively strong. Mexican Central con. 4s were the only
bonds on the active list to decline a full point. There were
liberal transfers of Burlington & Quincy, Baltimore & Ohio,
Northern Pacific, Union Pacific, Reading and Third Avenue
issues.
Stock and Bond Sales.— The daily and weekly record of
stock and bond sales at the various stock Exchanges, formerly given on this page, has been transferred to a place by
itself.
It will be found to-day on page 1101.
Railroad and Miscellaneous Stocks.— On a good volume
somewhat smaller than last week, the
stock market has been irregular.
Two or three groups of stocks exhibited decided strength
at the same time that the general market was inclined to
weakness, the former including the anthracite coal issues,
the local transportation shares and the so-called Vanderbilt
stocks. Lake Shore had a phenomenal rise of 40 points,
New York Central advanced nearly 9 points and Michigan
Central sold 20 points above the price bid at the close last
week.
Central of New Jersey advanced 11 points on
of business, although
Lackawanna was bid up 11% points,
Delaware & Hudson 7% points, Buffalo Rochester & Pittsburg
"</4 points and the Reading issues from 3 to 5 points.
On the other hand, Union Pacific, Southern Pacific. St.
Paul, Rock Island, Minneapolis & St. Louis and a number
of less prominent issues were inclined to weakness.
Several express company issues were notably strong features of the miscellaneous list. American Car & Foundry
and American Locomotive shares were in request at advancing prices on increasing equipment orders.
Amalgamated Copper was weak; Consolidated Gas covered a range of 5 points; the iron and steel issues were
relatively steady, and American Sugar Refining advanced
6% points on rumors of more harmonious relations with comlimited transactions;
peting interests.
Outside Market.— Business for most of the week, while
not really active, has been fairly good, the dealings being
distributed among a wide variety of securities. Prices have
shown some irregularity without extensive fluctuations.
To-day trading was quite lively, prices moving upward and
the general tone becoming firmer. Several new issues have
appeared this week, notably Pocahontas Coal subscriptions
and the stock of the Hackensack Meadows Company. The
first-mentioned is the soft-coal corporation which recently
took over the property of the Flat Top Coal Land Association.
The subscriptions sold up from 115 to 122%. closing at 120.
The Hackensack Meadows Company has $3. 000.000 capital
stock (par $100). The price advanced from 36 to 40. Northern
Securities stock, affected by the reports of intended action
against the consolidation by Western State officials, has been
rather quiet, the price, after reaching 112 on Saturday, falling back to 109 bid on Wednesday and remaining at that
point. Northern Pacific convertible 4s have been firm at
noticeable advance occurred in the price of Buffalo
110.
Gas on the prospect of better business. The bonds went up
to 81% from 72, closing at 80% and the stock went to 11%
from 7, closing at 10%. New England Gas
Coke also
moved upward, influenced by a report that a strong Boston
house is to reorganize the affairs of the company. Prices
ranged for the bonds from 53 to 69, receding to-day to 61%.
The stock, which went to 9%, dropped back to 8%. Other
stocks which have improved in value are Storage Power,
7% to 8%, closing at 8; N. Y. Transportation, 7 to 9; Eastern Steamship. 43% to 45; Mexican National common, 13%
to 14%, and K. O. F. S.
Memphis preferred, 77% to
78%. American Can preferred closed firm at 65(365%.
A
&
&
Outside quotations will be found on page 1101.
New York
Stock Exchange— Stock Record, Daily, Weekly and Yearly
i'\ i\(;
two pack*
<»«
STOi K.S—H1U11KST A.\J> LOW
1
1/ A
*
Salu
Ao». 16
Manila
Nov. 18
•28
29
28
28
•28
29
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-til
03
88
83
01
01
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79% 80%
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33,901
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Buffalo Booh. .». Pitteb'f.
91,20
10% lis
189%
1
142
42% Jan
iv.
Do prof
109% Bait. A Obio.vot.tr. otfs.
on pret v»i. tr. otfs.
iirimkivii
116%
114% 115% 111% 115
83% 88% •82%
174% 177% 176% 178%
1
1
1
1
.
Xi) 1*
•49
10
1
1
1
1
147*4 148
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•194 190
147
140
194
20% 21%
37^4 38%
90% 99%
1
90%
L8
140
199
21
37
38%
98*8 98*4
"120
»30
•74
60%
50Hi
40 Hi
11% 11%
•20% 21
42% 42%
72% 73 '4
59% 60%
20% 20%
30*4
'120
124
8
37
99%
124
•30
•74
146*4 147
142
•194
20
37
99
123
•30
1
145
199
17% 149
115
Ohio.
146"\
1
Rock Csl'dA
blO. St. P. .Minn.
Pacific
A
Oin.
i 107% 197%
Do prof
20% Chicago Term'l Transfer.
20% •20
37% 87%
37%
Do prof
00*4 100% Cleve. Cm. (,'hio. <fc St. L.
100%
-121
128
124
30
•74
Do pref
Cleve. Lorain
Do pre!
•74
14
55
A
Wheel's.
11*8
69
59 \
90
197
13%
13*4
51%
13*4
13*4
13*4
55
•_'7»i-
42
11*8
20*8
193% 199
•49
*45
•39
60
60
42
21
43
90
•82
550
-50
60
60
50
50
60
41
39
50
Denver
Do
<fe
Southwestern.
pref
11*4
21
42%
72% 73%
69% 60%
68%
58
59%
60
50
41
40
41% Des Moines & Ft. Dodge.
«11% 11% 11% 11% Dulnth So. Shore <fe Atl..
21% •20% 21 14 •20% 21%
Do pref
42% 43% Erie.
42% 42% 42% 427,
73
73*4
73%
72% 73% 72%
Do 1st pref
60%
59% 60% 59% 60% 60
Do 2d pref
59% Evansv. & Terre Haute..
59
69% 59
59% •59
*81
82
84
82
82
82
Do pref
11%
11% 11%
20*4
14
90
198% 196%197%
195*4 197
8%
:
Ft. Worth&Den. C.,stmp.
195*4 Great Northern, pref
Green B. & W., deb. ctf.
deb. ctf. B
Do
194%196% 194
A
8*4
61% 60% 61% 61% 62% Hocking "Valley.
62% 62H? 61% 62% 60*4 61% 61
79 8 PO
80*4
79
79
79% 79% 78% 79
78% 80% 80
Do pref
139%189% 138% 140
138% 139% 139% 140% illinols Central.,
138 139% 139 139
•40% 41% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40*4 owa Central
•77% 78
77*4
•77
78
77
77
77% 77
77% 77% 77
Do pref.
34% 34% •34% 36% •34% 85% •34% 35% 35% 35% Kanawha
Michigan.
20
20% 20
20% 20%
20
ansas City So. vot. tr.
42% 42% 42% 42% 42% 45
42% 43
Do pref. vot. tr. ctfs
•16% 17% '16% 17% Keokuk & Des Moines..,
17
17
16% 17% •16% 17
17Hi 17%
•40
42 45 •42 45 {40 40 •40 45
•42
45
45
Do pref
•70
71*4 72
70
73 Lake Erie
70
72
70
71% 72
70
72H2
Western.
130 133 •128 133 •128 133 •128 133
128 134
•130 133
Do pref
1340
340
355
340
360
335
J330
L. Shore & Mich. South'n
J345 347% {350
•72
73
71
71
73
73
75
}71
73
74
74% 74% Long Island
106*4 107 % 106%107% 100 106*4 106%107% 106% 108% 108 108% Louisville & Nashville.
129 130% 128*4 130
128% 131% 130%131% 130% 135% 135% 137% Manhattan Elevated,
etropolitan Street..
107% 169% 167 108% 108% 170*4 108% 170% 168% 109% 169% 171%
•40
40*4 •39% 41
•39% 41
•39
41
41 Met. West Side El. (Chic.)
40% •39% 41
•91
91% 93 •91% 93 •91 93
•91% 93
*91% 93
93
Do pref
•21*4 22
•21% 22
•21% 22 M exican Central
22
•22k 22% 22% 22% 22
13% 13% 13% 13*4 13% 13*4 13*4 13% 13% 14% Mexican Nat'l tr. receipts
13% 14
<fc
<fc
328
128
136
109% 100
109
•120
108*4
107
140
136
140
QUO
107% 107% 107% 107
150
•155
101
49
«115
89*4 '87
213*4 213*4
213% 214% •212
34% 35% 34*4 35*4
57% 67*8 56*4 57%
91% 91% •90
92
100% 100%
70%
100% 100%
49%
100% 100%
70
*98
74
70
102
74
145*4
146% 145% 140% 145% 14*3
74%
42
88
95
42
88
46% 48 '4
78*4
79*4
67
68%
41
41
•86
90
95
2212
35% 36%
56% 57%
90
92%
102
70
100
74
49*4
115
89
214
68
•96
72
69
100
74
101%
162
120
89
•41
85
35*4
103*4
62
120
89%
212
30*4
56% 57%
90% 90%
89*4
•212
52
120
107% 100%
51% 52%
110
89
89*4
214
•212
35% 36%
57
57%
91% 91%
36%
57%
92%
72
102
74
145%146%
42
44
90
95
72
-98
100
74
100
74
145*4
•42
147% 147%
74%
•42
44
00
95
73
72
73%
105
47 %
49%
78*4
67*4
79*4
59*8
48% 49%
78% 80%
68% 59%
48% 49%
79
79*4
68% 69%
49%
79%
59%
48%
79% 79%
58% 59%
49*4
90%
Deo
1
1
944 $230 April $355 Nov22 $197 Jan
Jan 3' 82%J'ne22
47% Jan
May 9 111*4 J'nel7 68% Sep
137%Nov22 84 J'no
May
May 177 J'ne24 143*4 Sep
100 27 Jan . 41 Nov2
24% Jan
79% Jan 15 93 Sep 18 70 Feb
410 12*4 Jan 21 30 May I lo " Jan
6,845
2% Sep
3% Jan 24 15% Oct 12
807 107% Mar 4 150 Nov21 {104 Jan
1,625 67
80,820 70
310.475 83
103,380 150
1
4,500
1
1
07*4
5 101*4
3,050
2,550
4,850
91,275
Jan 19 lll%J'lyl9
Jan 7 124% Oct 23
45%.T'ne
May
Apr
14
47
9
Jan
00
9
21
Jan
.Mav
Central & Hudson
NY.
Y. Chic. <t St. Louis..
39% Jan 21
160,632
6,710
57% Sep
.May
16
97
47
Do 1st pref
Do 2d prof
Mar
Mar
Nov
1
120
95
420
j
89 May
80% Dec
110% Dec
Feb
57% Apr
182
Nov
17% Deo
5 Mar
84 %
115 J'ne
71 % Deo
J.-in
Apr
Apr
17% Dec
47% Dec
72% Deo
09
Deo
.I'll!
Jan {189% May
Deo
24% Deo
Deo
J 'in no
Deo
J'ne
120
J'ly
Maj
-
28
11
Sep 18
Sep 28
75
29
1
1,500
Apr 1
1400
York A Harlem
7
Feb21
N. Y. Lack. A Western...
15
139
134% Jan
214 N. Y. N. Haven A Hartf.
10
206% Feb 2 7 217 J'lleJl
40% Maj
36% N. Y. Ontario <fc Western. 210,680 24 Mav
59*4 Norfolk <fc Western
60,025 42 Jan 10 59*4 Nov22
02
lob
15
'1 Nov 22
92%
adjustment,
1,750
82
Do
pref.
Northern Pacific By
77% Jan 21 J700 May 8
100%
Do prof
8,630 84%. Ian 21 113% Mav
73% 1)aclflo Coast Co
4,100 52 Feb 1 "3%Nov22
250 89 Feb 25 100 Nov 18
103
Do 1st pref
74%
Do 2<l pref
1,300 63 Jan 8 75 J'nelS
148% Pennsylvania
143,023 137 Mav 9 161% Apr 29
800 14% Jan 22 00 Sep 2
44 Peona<fc Eastern
92
PerOtarquette
200 33*4 Jan 9 94 Novl8
72 Jan 2 86 J'nol
95
ft)
pref
78% Pittsb. Cln. Chlo. & St. L. iii'50 57 Jan 30 80 J'ne
Do pref
88 Jan 4 106%Nov1S
lan 4 50%Nov22
50% Reading, vot'g tr. ctfs.. 195,400
Mav 9 80%J"nel"
1st pref. vot. tr. ctfs.. 74,450 86
80%
00% 2d pref. vot'g tr. ctfs... 180,020 38 Jan 3 60%Nov22
Hio (irande Western
05 Feb 5 80 Mar23
Febl6108 J'nelOll
Do pref...
93
Now
Sop
Not
Sep
26% Sep
68% Apr 10
124% J 'lie 14
80 Aug22
197% Apr 9
170 May 2
4
iyi%Jau 8
Nov22
\pr20
May
4240 Deo
87%J'ne 104%Nov
35%Nov22
Morns a Essex
120
J'ili
:
Michigan Central
100% 100% 100% 100% 100%
•69
70% 69% 70 £ 71
•98
42
90
95
50%
j
I), c
Hay
100% JJan
150% 'm 172%
Maj
April 196% Maj 220 De<
210
24S
1
1
& St. Louis.
121
Do pref
35% Minn. S. P. & 8. S. Mane
162% 168%
•116
May
188
Apr
29
!
Mob.<fcO.,J.P.M<feCo.rects
103
50
120
Jan
Jan
1
:,
161
48
"115
85
1
11
.
<fe
53% 53>4
102% 102*4
-Mar
207
Di
1
77<j
1
107% 107%108% Minneapolis
122
120
32
Marl
Nov22
06
8,000 110% Jan 4 175 J in 5 102 J'i"
000 125 Mar 2 140*4
110 Oct 120 Nov
( b
Mar
15 Iso Mai'20 101
April 172
14 4 Dec
3,410 10% Jan 19 31
Apr 16
0,150 38 Jan 21 57 % Apr 10 26% Oct
39% Apr
12,000 73 Ma] 9 101 Nov 8 00 J'i" 70 Dec
lis
100 115*4 Jan 12 !23%Novll
30 Nov
27% Jan 7 40 Novll
67 Aug 7 77%
46 Jan 72 Apr
8*4 Hoc
2,200
Sep
0% Jan 21 18 Apr 29
5
1,050 40 Jan 33 58%Aug30 36 Sep 47% Mar
Sep 20% Mar
1,300 16% Jan 4 28*4 Apr 20
Hoc
24,950 105 Mav 9 185% Apr :; 106% S( p
11,215 188% Jan 3 246%Nov22 171% sop 194% Doc
4,400 29% Jan 21 53% May 6 10% Jan 34 % Deo
0,320 80 Jan 21 103%J'nel4 64% J 'ne 87 Dec
326 49 Nov 12 71 J'ne27
69 J'ly29 09 J'lyJO
200 18 Jan 30 45 J'ne, 5 12 J 'no 21 Dec
Afar
1,305
4 J'ne
5 Jan 9 12%J'ne 5
1,050 13% Jan 8 22% Sep 30 12 J'ly 20% Nov
131,800 24% May 9 45% J'ne 4 10% Sep 27% Deo
60,100 59*4 Jan 21 73*4 Novl2 30% Sop 03% Deo
17,300 39% Jan 4 01 Mar21 15 Sep 43% Deo
000 41 Jan 31 68 Apr 12 38% Oct 54% Mar
700 81 Jan 4 96 April 74 Oct 94% Apr
Apr 20 12% Mar 20 Deo
17 Jan 18 36
11,203 167%May 9 208 Marl5 144*4 J 'no 191 % Deo
66 Jan 2 67% Feb 14 53% Mar' 00 Deo
8% Deo
3
5% Sep
7% Jan 28 ll%Apr22
7,160 40% May 9 63 Novl3 30% Jan 42% Deo
6,841 69*4 Jan 21. 80%Nov22 58 Jan 74*4 Deo
8,800 124 May 9 154*4 J'ne29 110 J'ne 132*4 Deo
1,250 21 Jan 21 43*4J'ne21 11% Jan 27% Deo
710 48 Jan 21 87%J'ly 1 39 Sep 58 Mar
325 21 Jan 8 41 J'nelS 10 Jan 25 Dec
1,550 13% Jan 4 25 Apr 30
7 Sep 17% Apr
3,200 35 Jan 4 49 Apr 30 27% Sep 43% Apr
938
Oct
2
6*4 Jan
18%
3% May 6 Deo
20 24 Jan . 45% Sep SO 14% Oct 23 Dec
2,900 39*4 Jan 21 74% Nov 7 20% Mar 52 Dec
OS ^ Jan 21 135% Sep 27 83% Feb 115 Deo
121
120%120% 120 120 *120 122
33*4
36
34
35
32% 31% 32% 32
87*4
87*4 88
86% 86% 85% 86
86
88% 90
Do prof
26
26%
26
26% 26% 26% 27 Mo. Kansas
26% 26"% 26
Texas
*51% 53% 52
52% 02% 52% 52 4 54%
Do prof
52% 63
101
101%
100
102%
104%
100 102
99%
99%
102%
Missouri Pacific
122
32% 32%
86
85
•26% 27%
162*8163
60
60
•115 120
•88
90
0(1% J 'ne24
1
•60
•45
•38
"59
•82
•82
Mm
"38
55%
26%
173*4
20%
42
42\
72% 78%
69% 69%
199
20 '4
13*4
05
40
1
1
10
pro!
239% 242
40% 47%
95
95%
14
172
45% 45%
146
199
140
147)
i)(i
14% Colorado <fc So., vot. trust
55
54% 54%
50%
55
Do lstpf. vot. tr. cfs.
'26
25% •25
25% 26
25
26
Do 2d pf. vot. tr. otfs.
172 175% 174*4 176*4 175% 170% 170*4 178% Delaware A Hudson
241% 242% 242 24 4% 244 245%
240 240
elaw. Lack. <fe West'n.
46
47
47 Denver & Kio Grande
40%
40% 47% •46% 47
94
95%
94% 94
94% 95
94*4 94*4
Do pref
14
14% 14
•54% 55 "a •55
26% 20% -20
172 Hi
239 Hi
147% 146% 146
237*4
86% 37%
97%
74
....
140
-110
•20%
•30
*5(l
I
<
242
194
120
95
82% Apr30
144
Apr 30
Novl4
186 Apr 18 110% I"
27 Novll
J'JI.
94% MarlO
11
.
*230
8
\pr30
i>.
74
169% 170*4
•189 191
•208 211
94*4
02% May
J
74
7
.Nov 2 2
.
46% 47%
172
237
17%May
1
1
'
25%
93%
89%
60
*120
•30
Apr 22
.
Marl
7
100
prof
(Canadian Pacific
cfc
141
25*4
•98
114%
1,424
1
I
188
*
91
2
\L,V
Jan
1>"
1
Dec
N
.
198
138
31%
1
-
s7
May
114%
% 1 B >4 111% Lfl
8,2211
Jan
8 %
82% 8 1V 81
84
anada Southern
177%18
Jersey...
6,683
Jan
182%
186
180
Central of New
40 '4 47%
47
80,460 29 May
40% 47
48% Chesapeake A Ohio
40% 40% 43% 47%
30*4 87 \
37%
27 Muj
36 V
37% 37%
Alton
30% 37% 87
Jan
1,220
77A, 78
•77
uri'l
78% 77% 77% 77% 77% 78
78%
lit.;
•193
a
'198
138%.
unimy.
^Chicago Burl. A
600 01 Jan
'188 138% 130*4 186»4 137 137% 136 136
136% Chicago
Kast'n Illinois
•
'140 141
110
141
141
140%
Do prof
120% Jan
"26'% 25%
Jan 3
18,266
26
25% 26% 24% 26% 20% 25*4 OhlMftO Great Western
•9.;
•98
100 90 J'ly27
93% 98
94
in
98% •98
94
93
98
4 p. 0. debentures
•88% 90%
90
89 % •88
89% 89% 89
90
Do 5 p. o. pref. "A".. 2,400 75 May 10
4!'
46 48
47
19
40
47
42 Jan 8
48
48%
Do 4 c. prof. "IV..
48
40
4T
46*4 48*4
10%
48%
28 Jan 21
4S<\
Ohio. Indianap. A Louisv.
4.O00
70
7;;%
74%
74%
76
70%
74
75%
no
08% Jan 21
73%
pref
167*4 169
171
107% loo',
Maj 8
168% 170
184
Chicago Milw. A st. Paul
167%
iss
'185
7,1
L89
4189 L89
190
190%
175 Maj 9
191
Do prof
5,000
209*4
"JOS 21
207%
208 20s
218
108% J an 21
ihloagotS North Western
Uplift
SSK,
174% 174%
16% 47',
38% 38*4
*7s
00
07 V
07-',
Ann
Sl«b
»60% 82
79% 81%
lOO'rt 100*4
100%
100% 107% 108% lo7%
100
Klia,,
',
89
.
1.10
Jan
Sep
1
1
.I'm
22% Jan
Jan
07
45*4 sop
Sep
07
40
Mm
a
Sep
57
Mar
Jan
32 % Deo
45*4 Deo
83 Dec
sO%Dec
01% Deo
62 Nov
90% Deo
69% Oct
140% Dec
J 'in
Dec
Jan
'4 Jan
40*4 Sep
Dec
73% Dec
80% Jan
94 Jan
20 Deo
71% Deo
Dec
Dec
96% Dec
20
55
78
10
49
J
'11.
Sep
Jan
23%
36
-
% Jan
80 Jan
1.:
.
5136
}215 s4
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Banks
raw TOBE
Atk
Sid
CITY
American ... 530 550
AmerExch.. 296% '305
Astor
BoweryD
....
650
300
Broadway... 421
:l
,
t
145
Butch's & Dr 130
Central..,
195
185
Century II
165
Chase
700
Chatham
t330
* Bid and asked prices:
,
Bid
220
Citizens'
City
Colonial H
t629
... 300
Columbian -. 340
Commerce... 1385
Corn Exchl;. 115 430
Baal Kiver.. 145
llth Wardll. LOO
F.inpirefl
Fidelil
Filth
veil..
'
.
A
Fifth
.
205
230 250
3200
326
Ask
Bid
Banks
Ask
Chemloal.... 4100 4200
First (new).. 770
14th.street1i. 166
Fourth
Gallatin
Gansevoortl]
Gartiold
240
410
140
500
German Am* 148%
German Exl
GeriiKinia"
Greenw loh
Haniillnii'
..
"
..
Hanover
Hide
.V
I.ith
500
175
160
2 50
430
.
..
Bid Ask
Hunks
rmp & Trad. 560 575
Ml
Irving
196
Leather Mfr. 250
Liberty
500
000
Lincoln
Manhattan' 305
......
......
Market
A
Fill
Mechanics'
utile
.
255
2<JS
27o
286
200
..
...... Meroh Ezoh. 153'
696% 700 Merchants'.. L90 200
51
t
Metropolis*
19th Wardl
Ninth
N.'it:
Oriental",
..
'
660
St lie
" ca-iU
'
Peopli
Is.",
PheuiX
115
Plaza'
000
Prod
160
I
11
lllk-i.
'
1
Rivera
210
Seaboard
100
Si
t
1
Bid
250
150
Nassau* ... 190
1400
v mster
1500
New York
N N Nat Ex 206
334
urk.
1
1
.
1
Mech A Tral 150
!
|]
2 7o"
.
t
no sales wer e made on this day.
Less nu 100 son
or at auct ion this week.
-stock "oornered" sales for
SclIo at Stvir.u- Ttlvnlmnurn
Morris*
Mutii
Bunks
Ask
Mid
Itlllllvs
100
220
170
Stat, nt
il
wer c made as high as 1000.
12tli
620
NY*
Wardl
23d Want*
250
.
.
110
110
KS dividend and nghte.
*
130
i'7'0"
cilliil
Seventh, now 115
Shoe A I.etll. 110
5oo
State*
200
600
Ask
Trust Co. certitlcatea.
120
205
1096
Stock Record— Concluded— Page 2
STOCKS— lliajllsi a\i> uinisi SALS JPR1CEB
Munilmi
Saturday
in
109
*
I
12
88
128
.->
Wednesday
,1
NOV 19
NOV. is
2fov.
*
1
128*1
52
B
4 8 *
7il-',
•27
29
004
t
}
;o> v
61
t;i
88* 34
90 * VO
41
*119
•20
"a
1
<
s
62ia
81 *
•79
71
27% 27*
69 ia 60',
60 4 81
90* 90*
11
124
-20'
2
105 4
86
108
84* 84*
106 4 107':
JOG
02
106*
lot
B2
',
•-'
'
•51 * 62 *
31
8 *
22
1
am
•42*
*190
4 3 H;
87^
*34 4
12* 124
28
28*
83* 84
27 * 27*
SSL.
86
205
03 4
27
27 4
64
20
•16
98 *
42
85 io
9* 20
36
106* 106*
•80
21
42 *
82
•80
22
21
43
200
U
13
13^1
28
28 4
84 *
88ifl
14
29
85
s?
206
208'-i
•85
207
27
63
20
27 4
27
28* 29*
84 4 85
-27
•85
86
210
27
-45
32
26* 27
65
•174 20
"47
61
89* 91V
6
6
*23
25
89
*6
•24
46*
45* 464
98 4
98
98
50
32* 33*
33
•97 4
89*
(
6*
25
4
17
984
42
89
42
*84* 89
1174 119 4
157
38
*47
*92* 95
102
•38
48
88
*92
101
484 49
49
87* 88
•924 95
•64
6*
38
....
•86 4 89
•92 4 96
'102
-84 12
12
42* 42* •424
103
19
19
88
*85
32
159
1564 •152
944 944 94
48
48* 46
102*104
101*
156
6^4
89 \
48
88
96
19
19 4
884
19
19
So
19
88*
32
157
*9
11
*74
76
30*
156 34
166 157
93 4 94
46* 47
92 4 934
47
46
94*
48
82
5
634 634
*35
38
15*
15
•72* 73
73
94 { 94* 292
15
73
•60
64
•75
-75
77
•35
35
35
*14
11
77
38
157,
15* *14
734 737,
94* 94*
734 73*
944 {95
11* 124
95
11* 12
81* 81*
*154 16
•15
•494 534 '49
434 43* 43*
92* 93
92 4
•60
-9
11
154 15*
15* 16
v,x
68
68* 681,
•25 4 264 *25
264
304 304 •30
304 30 4 304
82
804 •80
804 80* •80
-4*
•4* 5
•4* 5
62* 64
62* 63* 62* 63*
*15
11* 12*
81* 81*
•9
11
77
-34
29
85
190
7
4
•13
29
84*
27*
Nov 4
4 Jan21
OC1
>
1
1
2
Nov
',
5
May
16
4
Co...
84*a Southern voting tr. ctfs.
Do
vot.
pret
tr. ctfs
91»a
42 4 'Texas <t Pacific
liml Avenue, (N. Y.)...
124
1
I
9
* Jan
67*
3
.May 9
Jan 21
.Ian 2
1
'
I
1
*J'ne
2
.
.
:,.-,
i
7--
76* J'nel9
39 4 Apr 80
71
J'nelO
J'ne 5
85*
91*
j'ne
\..-.
hi:
i"
I
1
1
./an
,:
Jiie25
Jan
36 J lie 6
.".7
Jan 29 128* Nor22
21 4 .1.111
Nov 20
75 .ri.v 16 88 .Marl 2
1
our si
7
16*
1
20
.
31
* Jim
Deo'
l).e
Deo
i
..
-81
•15
•49
81*
16
53
64
'61
64
12
12
814 81*
•15* 16
16
524 *50
44* 342* 42* 42
92
92* 92
93
62
52*
42*
92*
62
12241224 •12241234 1214 1224 123 4 123*
183 200 {190 195 -190 200 •185 200
8978 90*
90* 904 90* 90* 90* 91*
21*J'ne
30* J'ne
i
i
:;
lie
l9*J'm
11
T.l'i
.1
1
i
.
:
210
Miscellaneous.
Express
Adams
230 {145 Jan 8
83* Oct 28
1 4 Sep 25
lo Sep 30
19 Jan 21
67 Jan 19
158,432
10
14
Do pref
811
29* American Car <fe Foundry 30,975
Do pref
854
5,800
279 American Cotton Oil
600
4 Mar
Novl9 111 Jan 8160 Nov
89* Dec 99 4 Nov
',200
J'nel7
Apr 23
130
8*
35
35
89
Apr22i
12* Jan
J'l.ell
J'ly 2l
-
-
Nov
Dec
J'ne
J'ne
9 35*J'nel7l 30
Apr
Apr 10 91 4 Jan 8i 88*
100 Apr
208*208* American Express
2,330 {169 Jan 12 210 NovlS)
Mar 191 Dec
206 210
27
27 American Ice
27
1,800 25* Oct 2 41% Mar 15 27 4 J'ne 49* Apr
27
•63
•63
63*
Do pref
64
200 62 Oct 10 77* Mar22 60* J'ne
•18
12* 134 American Linseed
5,200
20
6 Nov It; -4 Feb
5 4 Jan 24 .•io'„.riv 9
•17
{49
49
Do pref
210 31 Jan 24 66 Jly 9' 34 4 Dec 60 Fet,
50
31* 32 4 32* 33* American Locomotive.. 132,375 22 4 Aug 13 33*Novl9
SS-'m 89
Do pref
78,450 83* Oct 4 91* Nov] 9
88* 89*
•6
•6
6* American Malting
10,500
4* Feb 4 8 J'ne20
3 J'ne
6*
•24
24* 24*
Do pref
200 22* May 3 30 J'ne-25 18* J'ne 31 4 J an
25
47* Amer. Smelt'g & Refin'g 20,210 38* Oct
46
47* 47
69 Apr 20 344 J'ne 66*Dec
98* 99
Do pref
Nov
1,661 88
98
Feb 26 104*J'nc20 85 J'ne 91
98*
42 American Snuff
42
Marl9
26
49*
J
•86"
89
Do pref
300 73 Aprl7 90 J'neU
•86
89
118*120* 120* 124* American Sugar Refinun 91,110 112* Oct 7 153 J'ne 3 954 Mar 149 Dec
115
115
Do
pref
536 114 Sep;;!' 130 J'lvl9
J'ly
115 116
-96
99 American Tel'gh & Cable
•96
99
20 §94 Jan " 100 Apr 13
:'JS* Jau
American Teleph <fe Teleg
157 4 Nov 4 167* Sep 4
157 159
s American Tobacco.
99 May 9 144 J'ne 8
146 lis
'146 14s
Do pref
137 Jan 2 150 J'ly 12 128 Mav 140 Feb
17
17* American Woolen..
174
4,900 13* Marl 5 21* Jan 2 21* Dec 22*Dec
17
7s
78
*76
200 7o Mar22 82* J'ly 1 76
79
Do pref
Apr
Anaconda Copper
7,820 34 Sep 2i
34* 34* 344
54* Apr 16
213*213*
200 17.". Jan 18
212 212
\prl5 140 Jan
Brooklyn Union Gas.
-10* 11*
-10 4 11
runsw. Dock&C.Imp't
300
s* Jan 19 14* Marl
6* J'ne 16* Jan
92
93
2,310 41* Jan 21 136* J'nel7| 29* Sep 564
91 4 91*
Colorado Fuel& Iron...
123 130
'128 130
120 116 Mar] 9 142 4 Apr 29 117 Oct 131* Jan
Do pref
15
15
Col.
&
Hock.
600 12* Oct 23 25 4 J'nel7 11* J'ne 21 Apr
Coal & Iron
14* 14*
Nov
2214 224* 220422.". Consolidated Gas (N. Y.). 25,053 187 Jan 18 2;;s Aprl5 tl64 116 117
Continental Tobacco, pref
117 117
1,300 93* Jan 2 124 J'nelO 70 Mav 95 Nov
100 12 7 4 Oct 10 152*Aug29
137* 137* 136 140 Diamond Match
•s
8* Distilling Co of America.
1,000
8
8
6* Oct 14 10*J'nel8
32 4 32*
Do pref
1,875 23* Sep 13 34* Nov 9,
32* 323;
•25
30 Gas & Elec. of Bergen Co.
24* Oct 16 101*J'nel9 64 May 81 J'ly
4,400 1834 Jan 10 269*J'ne24 120 Jan 200 Di c
259* 259* 260 263 General Electric
*40
41
4(14
Glucose Sugar Refining..
1,250 37 Oct 24 65 May 2 44 Mav 60 Nov
39*
•984100
•98 4 101
Do pref
100 93* Mar 5 107 Aug 5 92 Dec 103 Nov
Vov
204 International Paper
600 18*MaylO 28 Mar22 14* Mar
20* 20* •20
"6*
Nov
76*
Do pref
2,180 69 Jan 21 81* Sep 10 5s Max
754 76
Dec
914
Intel-national
92*
3,800 54* Jan 2 100*May31
24 J'ne
Power
91* 91*
8'>, International Silver
8
3,100
5 * Feb 7 11 Jan 5
3* Aug 10* Jan
6* 7*
41* 4 *
Do pref
1,000 33 Apr 25 42 Nov21|
39 4 42
1,500 24 * Jan 22 49 Nov 19 28 Dec 29 '4 Dec
48* 48* 484 48* Internat'l Steam Pump..
Dec
88
Do pref
1,000 74 Jan 24 89 Oct 16 76 Dec
87* 874 •86
•92* 94 Laclede Gas (St. Louis)
"92* 95
riy 8: 65 Mav 80 Jan
70 Jan 18
•104
Do pref
95 Jan 21 106*Novl2 96 Jan loo Jau
101
•8 4 11
-8 4 12
Manhattan Beach
8 Oct 12 22 Apr 16
6* Jan 18* May
1,710 37 Jan 21 46 Mav 3 23 J'ne 40* Nov
42* 42* 42* 42* National Biscuit.
102 4 102* •102*103
Do pref.
795 92 Jan 2 103* NovlS 79*J'ne 96 Feb
Feb
i;> 4 National Lead
1,100 15 Marl4 25*J'nel2 15* Aug
19* 18* •19
•85
88*
Do pref
81 May 16 93*J'nel3 83 Au 106 4 Feb
88 h •86
Nov
46
National Salt
100 23 Oct 3 50 Mar'21 32* Oct
Do pref
61* Oct 10 84 Mai 21 69* Oct 76* Nov
156 157 New York Air Brake
156 156
1,300 133 J'lyl5 175
Apr 2 6 112 Sep 175 Nov
"
94* 97* North American Co., new 3,800 73* Feb 14 109
94
94
J'nelS
30*Mav
4,000
9 49*Novll
46* 46* 46* 47 Pacific Mail
25* J'ne 57 Nov
97*100*
eop. Gas-L.<fc C. (Chic.) 118,065 95* Jan 21 120*J'ne21
81* Oct 111* Apr
97* 99*
44
44* Pressed Steel Car.
7,400 30 Mar 7 52 Jan 2 32 * Sep 58* Jan
43 4 43*
Do pref
8,910 72* Mar 5 89 Apr 29 70* Sep 894 Nov
86* 87* 87* 87*
215 218
218*218* Pullman Company..
370 195* Jan 21 225 Oct 17 176 J'ne 204 Dec
*3* 4
4
1,200
1* Apr 22 5*May31
4* Quicksilver Mining
4 Aug 2^ Mar
•9
•9
11
11
Do pref
7 Mar20 12*May27
7* Oct 10* Mar
15* 154 15* 16* Republic Iron <fc Steel.. 4,850 II* Sep 13 24 J"nel7
8* J'ne 274 Feb
l.loo 55* Jan 21 82 Apr 1 49 Aug 70* Feb
68
68
Do pref.
68* 68*
•25
26 4
Rubber Goods Mfg
200 21* Oct 4 38* May 2
•75
77
Do pref
70* Sep 30 90 Mav 2
500 19* Feb 6 41* Apr 2 17* Oct 26 Nov
31
31
31
31* S loss-Sheffield St. & Iron
765 65* Jan 22 86* Apr 81 59* J'ne 71 Nov
80* 80* 81* 82
Do pref
*4* 5
100
4* 4* Standard Rope & Twine..
3* Mar 6 8*J'nel3J 4* Mar 10* Jan
62* 63* 63* 64* Tenn. Coal, Iron <fc RR... 13.900 49* Mar
76* J'nel8' 49 Oct 104 Feb
•35
•35
38
36 Texas Pacific Land Trust
100 19 Jan 18 42 Apr 20 13* J'ne 21* Dec
•14
•14
12 Apr 12 19*J-nel7( 10 J'ne 25 Feb
15*
15* Union Bag & Paper
•71
•71
74
950 ii:> April 75 J'nel7 56* May 77* Feb
74
Do pref
Dec
95
{94
94* 91* United States Express...
760 {53 Jan 26 100 Aprl9 {45 Mar
734 May 9 16* Mav 2
31.065
11* 11* 12
13* United States Leather
7* J'ne 19 Jan
Nov
J'ne
79*
Do pref
4.750 69* May 9 S3* Aug28; 65
81* 81* 82
83 4
*15* 16
United States Rubber
124 Oct 4 34 Jan 2 21 J'ly 44 Jan
51
51
132 47 Oct 4 85 Jan 2 74* Dec 104* Jan
Do pref
42
42* 42* 43 United States Steel
81,870 24 Mav 9 55 Apr 30'
Do pref
91* 92* 924 93
48,633 69 May 9 101* Apr 30
'61
62
300 51 J-lyl2 "2 Mar30
61* 61* Virginia-Carolina Chem..
200 116 A'pr26 125 Ang30
121* 123* 121*123
Do pref
'0 {130 Jan 11 195
Nov is 120 J'ne 140 Dec
190 200 {195 195
Wells, Fargo & Co
90* 91* 91* 92
Jan 21 100* Mav 6 774 J'ne 88* Jan
est'n Union Tele'gph 20.310 81
27* 27*
Do
87
100
pref
24
86
_
>
,
.
1
"
l
;
.
[
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
NEW YORK
Sid
CITY
TJnion SqU... 300
VarickH
..
295
Kings CoU... 130
Manufactrs'. 285
300
First
650
240
BedfordTI
225
Broad waylj.. 250
1
215
Mech & Trail 270
Merchants'.. 100
Nassau
350
Nat City
290
North Sidell 175
Mechanical]
prices;
no sales
•
..;
:.'.
£id
17 th Wardl]. 125
Sprague
26th Ward"
UnionH
.
200
140
140
Wallaboutll
.
105
213
160
201*
were made on
Trust Cos.
N. Y. CITY
Atlantic Tr.. 275
Bow 1'gGreen 185
thi s dav.
auction thiawe<
*
285
195
Trust Co's Bid Ask
MortonTrnst 1175 1200
N Y Life&Tr 1250
N YSec&Tr 1000
North Amer. 245 250
Real Est Tr't 350
1500 StandardTr't 400
1050 Tr Co of Am. 270 278
Union Trust 1400
TJSMtg<ft Tr 425 450'
Unit States 1690
•Washington. 410
Ask
Ask
.
People's!!
bale at Stock KxcIkipv
Banks
BROOKLYN
85
110
BROOKLYN
Brooklyn^ .. 120
* Bid and asked
Ask
Ask 8th Wardfl ..
5th AvenueH 100
225
Washingt'nl] 200
West Sidell.. 600
Western
635
YorkYilleij
Bid
Banks
BROOKLYN
i
23 4 Jan 8
May 3 13*J'i
117 May 9 129* Jan 9 45* Ml
204 Tol. St. L. & W. v. ti
1,62;
10* Fel.16 25* May22
Do ]>ref. vot. tr. otfs.
36*
100 28
May 9 39 4 May22
107 Twin City Rapid Transit
4,62.'.
65* Jan 2 108 Novl6 61 4 J'ly 704 D(
l>"
pref
147 Apr 19 157 Sep 10 136 Jan 146
106* Union 1'acitic.
349,250 76 May 9 L33 May 2 44^.^111
.I.,
91',a
Do ]>ref.
15.730 81* Jan 21 99 4 May 1
Di C
70 aJ'ne
21* Wabash
7.700 11 4 Jan 3 26 J'ne :;
6 4 Max 14
39 4
Do pref
15,00(1 23 4 Jan 4 46 4 J'ne21
lie.
27
16
500 11* Jan 31 22 J'ne 4
19* Wheeling ,fc Lake Erie...
J'ne 13* Dee
9;',o
Do lstpref
.May 9 60* Mai js 44* Sep
Mar
46
31
Do 2d pret
500 24 May 9 38 Mar28
Mar
j'ne
21* Wisconsin Cent. v. tr. cfs
5,473 14 4 Jan 21 26 J'nel7 10
Apr
Do
pret.
43*
vot. tr. ctfs.
2,693 384 Jan 17 49* Apr 17 30 Sep 57 A pi
85* 874
malgamated Copper...
34 4 American Bicycle
864
ii,r
Previous
Year run J,
I
156
984 102*
103* 1004 102*
44* 44* 44* 45
43* 444 434 43*
874 87* 87
87 7(
86* 87* 86* 87*
219* 219* •219*220
217 220 {216 216
*3* 4
•3* 4
*3* 4
*3* 4
15* 16
15* 16
68* 68* 68* 68*
26* 26* •254 264
42* 43
<
I
J'lOJ
j
8 4 .12
-84 12
43
42* 42 4
42 4 42*
103* 1024104 «102* 102*
884 •85
21*
*85
86
*63
-174 21
20
98
42
"86" 86
28
{206 4 206*
63ia
157
48
88
•74
•30
*80
*4*
4
304
21*
42*
30
•13
42*
200
28* 29*
84* 86
27* 27*
27* 27*
29
80
210
'86
*6*
*9
'33
195
85
"a
1 -.
19*
85
35
1064 106
•190 210
86* 87* 86 '4 86*
•3 4
«3* 4
4
14
14
14
514
1
146*" 143
•142 4148
145 148
*15
17
•16
17
17
17
16* 16*
•75
*75
79 ia •76
79
78
78
79
35 * 35i»
35 is 35*
344 34* 344 34*
*212 ^15 *210 214
210
210 214
214
*11
•104 114
11* 11* 10* 11
93* 93* 92 ia 93
92
92
924 92
*128 130 *128 180
1284 1284 128 130
•14* 16
'14*2 16
•144 16*
14* 15
220 ^21
2204 222* 219 4 221
220* 222
117 118
117* 1174 •117 118
117 1.17
*135 140
"1364
137
*8* 8*
8* 8*
7* 84 •7* 8
33
33
33
33*
32 4 32* •324 33
•25
•25
•25
•25
30
30
30
30
•257*259
259 260
257 4 259
258 259 4
•41
42
404 41
•404 414 404 404
•98
•*96
102
102 4 •964 102
•984 101
•20* 21i. 20* 20* 20* 20 4 •204 21
704 76* 76
76 4
76
75
75* •75
88* 90
90* 90* 91* 914 914
90
*101
*8
204
120
20
21
2
42 '•l
4
•29
32
cum.
IS
U*
414
128
214 21*
12* 43
{195
88* 88*
159
"47
88
89*
isi. v. tr.
29
904
90 4
a.
Isi
34
.!
•86"
85*
119*120* 117-8 119*
1184 1204
115*1154 116 116
1154 1164 {115* 116*
•96
99
{96* 994 '96
99
99
96
•157
61
J.
Do
59* 61 *
Do pref
60* 61* Southern Pacific
:
48* 48 4 *46* 51*
29* 314 31* 33 ia
86* 88
88* 91
"6
-6
6*8
6V
•24
25
24* 24H
46* 47* 46* 47
98
•30
59* 59*
120
1
73
29 4
1054 103 *105* 102*104* ]02 4 104* 1044
91
91*
HI '8 91*
92*
91
91*
90* 91*
20* 20*
20 4 20*
20* 204 204 204 20 4
8719 38
37*
37
37 4 87*
37 4 87*
87*
•19
19
19
19
19
19* •18 4 19* •18
•51
•50
514
!U
61
52
52
62* •50
190
200
86
203
1
86
72 4
10*
'120
124
L9
19* L9*
•33 4
*34
36
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C'lR'tyB&Tr 500
Central Tr'st 1825
City Trust... 390
Colonial
t327
Continental 445
Farm Lo&Tr 1400
Fifth Ave Tr 1000
Guaranty Tr 700
Knick 'rb'k'r 700
Manhattan .. 450
Mercantile .. 950
Merchants'.. 340
Metropolitan 500
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Trust Co. certificates.
i
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530
1900
410
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BROOKLYN
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Brooklyn Tr 425
170
Flatbush
290
302
Franklin
Hamilton
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211
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57 99
106
102 ^
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100*8 104
109 Sale 107
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90 a4
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Cen Branch Ry ^>ee Mo Pao
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Consul gold 5s
g
yjl945
Mobile Div lstg5s
CentolN J
103
127
....
131*2 129
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106^ Nov'01
124 Nov'01
117 Nov'OO
107 4lO7-'4 107»4 107 3
109 '4
109 110 109
107 Aug'01
i
93
101
101
104 '2 108*4
119*2 127*2
103
Oct
Oct
Oct
J-J
J-J
1940 J-J
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General gold 5s
1987 J-J
Registered
7tl987 Q-J
Sale
73 Sale
29 >2 31
17 hi Sale
106
.
102*2.
131
129
.
.
103
122
10578
North
9 105*2 109
27 107
106 34
92 >a Nov'01
106
131
113»-jlJec'00
1
A 120 14 122
P-A
M-N
130*4
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101
:,
.i
127
128
91
100
105*2 Sep '01
72 \:
73
29
30
17*2
17
1
BkgcoA; Boon gag 5s. 1911 M-N
Bklyn Uu El 1st g 4-68.1950 F-A
Kings Co El 1st g 4s
Nassau Elec gu g 4s
1949 F-A
1951 J-J
City <fc S Ry Bait lstg 5s. 1922 J-D
Conn Ry&Llst<ferefg4*as'51 J-J
Den Con Tr Co 1st g 5s... 1933 A O
Den Tram Co con g 6s.. 191 11 J-J
Met Ry Co 1st gu g 63. .1911 J-J
Det Cit St Rylstcoug 58.1905 J-J
Gr Rapids Ry 1st g 5s...al910 J-D
Louis Ry Co 1st con g 5s. .1930 J-J
Market St CRy lstg 6s. .1913 J-J
Met St Ry gen col tr g 5s. 1997 F-A
Ott
95
100V
'.19*2
101*4 Sale
901-2
Jan
'99
114
102*2 Oct '01
10078 101*4
90*2
90*2
109
120
121
this
week,
a
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115 4
113
138
121*2 122*2
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187
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117
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112
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114 114
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1
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109
lei g 5s. .19 15
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Mar'01
129
123*2
123
121
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GnSA mid Electric Light
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Bos U Gas tr ctts a g 6s. 1939 J
Bklyn U Has 1st con g 58.1945 M-N
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140 *a
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on Next Pa«e.
Street Railway
103*2 110*2 Met St Rv—< Continued)
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LexAv.fi P Fist 211 g Ba 1993
111 115
105*8 Met
El(Chloj Isl 2 Is. 1938
Mil 1:1 Rv A; L 30-yr 2 Bs. 1926
68 98
Minn St By 1st eon g Ba .1919
95
88
81 Paul City Cab eon .2 Bs. 193'
.uaranteed gold 58
L937
Third Ave 1st gold 5a
100*2 101
L937
1st con iiuar Is
2000
'01
i.20"
121*2 Nov'01
in
J-J
J-J
J-J
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Nor Wisconsin 1st 68. ..1930 J-J
St P iv S City 1st g lis. ..1919 A-o
102 'si 08
127 137*8
127
137
Mar'98
120
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109*2 Aug'01
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l-Jli':
,1
1
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Oct
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nn
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101
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Mil LS&West 1st .-lis 1921 M-N
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Ashland Div 1st g 6S..1925 M-S
Mich Div IstgOs
1924 J-J
111
108
MISCELLANEOUS BONDS—ConUiiued
Street Unilway
Brooklyn Rap Tr g 5s
1945 A-O
Atl AV Bklyu imp x 5s. .1934' J-J
BkCity 1st con 5s. 19 10, 194 J-J
\|n
1915
1902
1902 J-D
1886-1926 I'-A
1886-1926 F-A
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lulv
87 >a
101%
-
103
11:
ipr'99
FA
J-J
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1913 J-D
gold 3hiB
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1949 J-J
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Registered
1917
96 103*2
General gold 4s
119 122
1988
Registered
1988
3
97*4 108 4
Des M A; Ft D 1st 4s. ...1905
1905
IO01-2
1st 2*28
Extension 4s
00
84 *-2
190
Keok it DesM 1st 58.. ..1923
30*2
20
-hie
A SlL .SeeAtchTit Sa l'e
8
21
Nov'01
122
87
Sinking fund 6s. ..18579-192! A-O
1879-1929 a-O
Registered
Sinking fund 5s. ..1879-1929 A O
Registered
1879-1929 A-O
Debenture 5s
1909 .M-N
Registered
1909 .M-N
Debenture 5s
1921 A-O
Registered
1921 A-O
Sinking Hind deb 5s
l933 WIN
Registered
1933 M-N
Des Modi Minn 1st 7s. .190 F-A
Milw it Madison 1st 6s.. 1905 M-S
Apr '97
100
lOO'-il 02
'
1945 JIN
stered
1945
1st pret income g 5s
pl945
2d pref income g 5s
pl945
Sdpiet income g 5s
y>1945
Nor Div 1st g 5s. 1940
Atl Div 5s. ...1947
Mac&
MidOa&
128
129
<fe
5s. .^194.'.
Registered
nl
H)5' 4
104*9
in.".
"s5 C
...oi.981
A-O
A-o
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1st
118 34
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J
F-A
J-D
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1913 M-S
Registered
1913 M-s
Carb <fc Shawn See ill Cent
CaroliuaCeut SeeSeabifcKoan
Carthage <fc Ad See N Y C & H
RR 4 B o£
ot ua RR
115
A-O
'2d 5s
Cent
U8 34 Nov'01
118^120
im,
Northwestern
Extension 4s
J-J
M<t StLlstgug7s....l927 J-D
Cen
it
Registered
5s.. .1937 -U-S
See Balti
No IstM L
Gold 7s
CK lF.fcNWlstgu5s.1921
Central Ohio
it
121
99 *a 101*2
O
117
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A O
.
J
nn "a Sale mi
M
M-N
M N 102 *a
A
'01
m,
119*4
J-J
J-J
J-J
Minn Div g 5S....192
unsul idated 7s
(
1947
All it West 1st g 4s gu.,1998
01 A; Mah 1st gu g6a
1943
Boch & Pitts 1st g Us. ..1921
iisol 1st g Os
1921'
Butialo As Southwest See Erie
Buffalo <fc Susqu 1st g 5s.. 1913
Registered
mi 3
1st refunding g 4s
(Z1951
Bur Cedar K <fc No 1st 5s. 1900
Con let <fccoltrustg5s.. 1931
Registered
1934
Ctanada south
ifc
Chicago
See trie
glS in
6s.. 1903
lilt s I11111I
1st consol Os
112
Bklyu A; Monlauk See Long 1
Bruusit West Se«SavPl<ft W
Buffalo
Bulialu
J
I
108
96 34
90
96*4
J
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J-.i
i-'ii
Oct
-
\|,i
.1
Chio Mil <fc stPcou7s. .H.Mir.
191
Terminal gold 5s
General g 4s series A^el969
Registered
el989
Generalg 3*28 series B.el989
192]
Chic it L Su DlV g 5s
Chic A= MoRiv Uiv 5S...1926
Chicik Pao Div 6s
1910
1921
Chio A r \Vlstg5s
DakA (it So g58
1916
assu
Us
1924
Far <k Sou
g
1910
Hast As DDivlst7s
1910
1st 5s
Iili Kxten 1st 7s
1908
1st
5s.
...1919
LaCrosse A. D
Mineral Point Div 5s... .1910
1910
So Minn Div 1st Os
Southwest Div 1st 68.. ..1909
W
J-J
1st
lu7
->
1
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1902 J-J
1st 7s * gold 11 D
1903 J-J
IstCik M7s
MS
J-D
Alt
Ry
121
8
M
M
Div 3I9S
lours Div sink fund 5s.. 191
1919
Siuliin.u luml Is
Nebraska Extension 4s. 192
1927
Registered
1921
Sou til west em Div 4s
.iiiini bonds Bee Great North
1913
Debenture 5s
llan A SI JOS consul 68.. L911
Chic & E 111 lata 1 cur Gs. 1907
1934
1st consol g lis
1037
General oonsol 1st 5b
-11 red
1937
ChloJi Ind C Ry 1st 58.1936
Chicago <& Erie tfee Erie
Chic In A; Louisv rel 68...1947
1 947
Refunding gold 5s
Louisv N A &Ch 1st 68.1910
Chio Milwaukee & st Paul—
J-J
Chic & St J. mus 1st 8s. .1916
Atl Knox <ft Nor 1st gBs.. 1946
Atlanta ifc Danv See South Ry
Atlanta it i'adk See South Ry
Austin Jc N
-bee Sou Pacific
Creek <t S See .Midi Cent
Bat
alt & Ohio prior lg 3 "as. 1925
«1025
Registered
Gold 4s
« 1948
Registered
M948
Couv deb 4s
1911
PJ unit MDivlstg3*2Sl925
Registered
pl925
South w Div 1st g3*2S... 1925
Registered
A.1925
lliimni Hiv 1st gu g 5s.. 1919
Cenohio H 1st 0g4*2B-.1930
Beech Creek Bee N V C A; 11
Belle v it Car See Illinois Cent
»i-i.i-
N
M
1949
Refunding g :is
Miss Hiv ii 1st s f e 6a.. 1915
Railway lei inn 3"as...l950
1950
Registered
!hlo Bur A g consol 7s... L903
1905
im- a Iowa Div 5a
1
"9 3 s Sale
8
11
ChioA
10 95 101
97
90 Hi
105 ',
103 4 HI
103
10.;
103
1 lnl'i 1U4
93 1.1
9334 162 86 34 99
95 May'Ol
95
9
935b 19
93 "a
90
96 34
96^2
103 14 Sale
-1 -i
N
1939
1992
'.1
I
luba Midi
v
1
,
Sab
1939M
1
g 5s.. 19 II M-.»
s
J 58.. 1902
Denver Div 4s
Railroad
Alabama
1
111
in;
114
12
116
1
\
A-O
L
1989
Illinois
Mar'00
95^ Sep hi
95 Oct '01
98 34
98 Jj
.
Co
1992
B8....1940
g4a.. L989
.
I
>••
red
Craig Valley 1st g
1: a
A inv 1st oon
2d consol e -is
Win 111 Spr Val 1st
Kh/. I.i \ A II S gu
'ii"
Wai nl
120
J-J
J-J
J-J
J-J
J-J
1
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4*a8
Ii
1936 J-J
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-
Gem ml gold
I
1906 ,l-J
1906 J-J
1920 J-J
—
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Registered
1
A
,
1
u
cousol g 5a
1st
1
189
.ii ii
Class B5s
Class C 4s
pacll
liul.i.
81 "a 92<\ '.»i voit 'in
81 "a 91 \
S'aS -ii' 1 .. M-S
Ttuti art in iet ( Oil the basis oi tour marks to o in do liar.
ui
97 'i
Q-J
api
96
U B oi Mexlooa g Ba ol L899
1 hett a re pi lets o n the i> asis
Stale Si-riiriiiiw
108'„Oct 111
His
10915
4 to 6
Alabiiutu class
1906 J-J 10S»2.
mi- M
m
,
vi
I
139'
N
Q-W
M S
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& Ohio g Os aer A../< \w>-
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lj 1 1
.
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Foreign Government
Kr.inkli.il
.
1
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1.
la h
109
LOS
S.j
1925 3-j
1925 q-F
190 g-F
1904 V F
I
Ool
lu'.i'i
I
-.-.
a Imp gu Bs.. 1921 J-J
Dot
Hull it r> 11 gu - Ba 1920 J-J
a.
N Y a Long Brgi
lns'c.108 7
.
coupon
109
\
11
WDISO NOl
I
NJ
Central of
llajh
Hangs
im
OCK
.since
.1
oonsolooupsniall.d 1930
k 1918
istered
k L918
ipon
8 ;>» reg amall bonds.. fc 1918
s 3a oou small bonds. ./. 1918 !!:
-in it
a
-
109
.
PAt.KS
ioi k
rPl i\<;
Bangs
Last SUlt
Ills', 1,1.1
.i
|
1
i
Government
•».
.
<
2
Jiun-
Ask Low
JilU
I
MVs
II
V
I
M
Stock Exchange—Bond Record, Friday, Weekly and Y
New York
.
18 115
s
119>a
Option sale
1098
Bond KeCOrd— Continued— Puge 2
BONDS
N
STOCK EXCHANGE
K Enmnu Nov. 22
Y.
\\i
Bange or
22
Last Bale
Jvoe.
I
Ask Lnw
Bid
Chicago Ter Trans p 4s. ..1!) 17 J.
CiiiC.^ West
1st a fg 6a. .1918 M-N
General i--i>i<i 8a
&1982 QM
Clue A Weal Mich By 5a.. 192] .r-D
CnooOkA a gen go8...or.ii'.i j-
02
Cm
II
A
oonaol
i>
(7h
»
L906 A-O •Ill's.
1987 J.J
M N lii'".
St L
..
2d gold 4H>8
D
n &
1st jru
I
113
1134
g 6a.. .1941
C I St £ C 8m C C A
On s A S< « C O O St L
I
118
.
5
09
°
s
JHah
90
92
lOTVtJly'Ol
1104 Nov'01
100 Oct '98
103 Jan 'OO
115 Deo '00
Salo
I
BONDS
J : an fie
WeeK'K
ITice
/"rtdau
90
Shirr
January
1
Low
Jligh
S8
9H
10714 107i.i
117
Ool '00
11314
II934
A
See
.Mali
Cleveland Gin chic
,t
112>all5
15
Cairo Div
RAP
1st gold 4a.. ..1989
Div let g 4s. 199]
984.
DA
106
con 4s...
1
984
8 in
4 J'ly'01
Sale
'-2 Sale
88*4 Sale
81 ia
82ia
88 14
82
NAW
4s. 1943 A-O
A Gt So See CM & St P
Dak
alias A Waco See M K A T
Del Lack A Western 7b.. .1907 M-S
.Morris A Essex Ist7s...l914 M-N
100
106
82
78
77
83
824
88 34
87 Hj
let consol guar 7s
1915 J-D
Registered
1915 J-D
2J Y Lack A
1st 6s...]! I-' J-J
Construction 5s
1923 P-A
Term A improve4s
1923 M-N
Syr Bing A N Y 1st 7s.. 1901! A-O
Warren 1st ref gu g 3 Has. 2000 P-A
Del A Hud 1st Pa Div 7s. 1917
Registered
1017
Alb & Sua 1st con gu 7s. 1900 A-O
.Registered
1900 A-O
Guar gold 6s
1006 A-O
Registered
1906 A-O
Bens & Saratoga 1st 78.1921 M-N
Registered
1921 M-N
Del Riv RR Bridge See Pa RR
Denv A R Grist con g4a. 1936 J.J
Con6ol gold 44s
1936 J-J
Improvement gold 5s... 1928 J-D
Rio Gr So gu See Rio Gr So
Den A S West gen 8 f g 5s 1929 J-D
11734 Rale
1331s
139
W
MS
MS
1351s.
118
108
.
.
115=8.
144
117»4
138 Oct '01
139 Nov'01
140 Oct '98
1363s 1363a
119H2 J'ly'01
10434 Nov'01
117?8 May'01
H8I2II912
IO414 10434
11778 11778
147>2May'01
149 Aug'01
116 Oct '01
122 J'ne'99
1143s
i ld*e
U734
,
in" HOie
1091a
152
161
108
104
IO3I4
109
....
111
Oct
Jan
'01
IO3I4
J'ne'01
1124113«8 113i2Nov'01
92 1-2 Sale
Des Moi A Ft
See C R A I
Des M A Minn See Ch A N W
Des Moi Un Ry 1st g 5s.. 1917 M-N 104
Det M & Tol See L S A M So
Det A Mack 1st lien g 48.1995 J-D
145ia 147ia
149
116
92
94^2
111
Feb '01
150
117
noising
llOig
109H2
'01
109 ia 112ia
15034 153ia
151 151
30 100
108
107
16
92
104ia
111
113ia
96
1)
Gold 4a
1995
Iron Range 1st 5s. .1937
Registered
1937
2d 6s
1916
JDul So Shore A Atl g 6s.. 1937
DulA
Ipast of
SeeStPMAM
Minn
Cort
&No
See Leh A
Sale
J-J
J-J
113
116
iiast Ten Va A Ga See So Ry
Elgin Jol A East 1st g 58.1941 M-N
Eliz Lex A B San See C A O
Elm
102
10834 111
J'ly'01
934 92 Va Nov'01
92
J-D
A-O 113
A-O
1134.
113
Oct
'01
mHjApr'Ol
102
85
110
102
93
116
112
116
112iall2i2
NY
1947 M-N
1919
1923
1920 A-O
1928 J-D
gold
consol
1920 M-S
1st
7s
1920 M-S
1st consol g fund's
-Erie 1st con g 4s prior.. 1996 J-J
Registered
1900 J-J
.1st consol gen lien g 4s.. 1996 J-J
Registered
1006 J-J
1951 F-A
..Penn coll tr g 4s
Buff N Y A Erie 1st 7a. .1916 J-D
Buff & S Wr gold 6a
1908 J-J
Chic A Erie 1st gold 5s.. 1982 M-N
oT909 A-O
Jeff RR let gu g 5s
Long Dock consol g 6s. .1935 A-O
CoalARR 1st cur gu 68. 1922 M-N
Dock A Imp 1st cur 6s.. 1913 J-J
Y A Green L gu g 58.1946 M-N
Mid RR of N J let g 6s. 1910 A-O
let ref 5s. 1937 J-J
JN Y Sua A
1937 F-A
2d gold 44a
1940 F-A
General gold 5s
'Tecininal 1st gold 5s. .. 1943 M-N
Regis 85,000 each.. .1943 M-N
Wilk A Ea 1st gu g 5s. 1942 J-D
Erie A Pitts See Penn Co
Eureka Springs 1st g 6s. .1933
Evansville A Terre Haute
1921 J-J
let consol 6s
1942 A-O
lstgeneral gold 5s
Mt Vernon 1st gold 6s. .1923 A-O
Sull Co Branch 1st g 5s. 1930 A-O
EvA Indlstcon gug6s..l926 J-J
Erie 1st est gold 4s
2d ext gold 5s
3d ext gold 44s
4th ext gold 5a
6th ext gold 4s
1194 115
MS
MS
119
8ale
1131s
118*4 122
107 4
140*8 Sale
136 138
100 Sale
89 34 Sale
94?8 Sale
119
115
119
115
119
111
99
88 34
100
Aug'01
1
66
§934 385
1054
123 h Oct '01
107 Sep '01
137
137
138
Ill
110
65
t£
124
Oct
'01
Nov'97
128 Oct '01
108^ 108HJ IO8I2
il2"
100
114
5.s
No
Aug'01
1231s
1st g 5s
1932 J.J
1923 J-J
Detroit City Gas g 6s
JDet Gas Co con 1st g 5s. ..1918 F-A
EdElIllBkn SeeKCoELAP
BdKIU SeeN YGAELHAP
g
5s. .1932
M-S
'
964 974 97
Nov'01
Oct '01
105
....
105
119
121
1184 Oct
'01
Eq G A Fuel See P G <fe C Co
iGasA EleoBergCocg5a.l949 J-D
71
614 Oct '01
(Gr RapG LOo lat g 5a. ..1915 F-A
IO734 Dec '00
jK C Mo Gaa Co 1st g 5s. ..1922 A-O
Kings Co El L&Pg5s...l937 A-O
iPKrchase money 6s
1997 A-O 123*4 Sale 123*4 12334
Ed El II Bkn 1st con g 4s 1939 J-J 98 100 974 974
iLacGae Lof St L Istg6s.el919 Q-F 1084
1084 1084
JMjit Fuel Gas Co See Peop Gas
Ho price Friday; latest bid and asked this week, o Due Jan
'
st
100
Sep 00
105
Id
1
Jligh,
764111
1074
bl
87
104
1044 105
105
.
984Nov'00
1084.
99 4 Jan '00
Nov'01
Dee '08
67
99
101
105
106
95
101
VGA
A Oswegat See N S
Grand Rap A ind Bee Penn Co
Gray's Pt Term See St L 6 W
Gt Nor—C B A Q coll tr 4s 93 J.J
98»b Sale
98*8
99
946
Han
1073sl08
107 U Nov'01
A-O
1044.
104
'01
i'04" 106'i
J-J
J-J
1144.
115 4 Apr '01
11541164
J.
1034.
1134-Mar'OO
104 Aug'01
1024Api 98
104" ib'74
JJ
J
.1
MS
M-S
Believe Car
A Shaw
1st 6s
1st g 4s. ..1032
O g 5s. ..1951
1951
1951
1951
Memph Div 1st g4s...l951
Registered
1951
St L Sou 1st gu g 4s. ...1931
Ind Bl A West See C C C & St L
Ind Dec
1st g os
1935
Istguargold 5a
1935
Ind 111 A Ialatg 4s
1950
Int A Great Nor 1st g 6s.. 1919
2d gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 5s. .1938
Jefferson RR See Erie
A A G R 6'ee L S A S
Kal
an A Mich See Tol A O C
KCAMRABlstgug 58.1929
AW
Oct
104S8 Oct'01
102 Oct '01
i 06 "sale" 105
105
106k
Jan
98
J-D 1124.
104
102
10 102
106
102
106
'00
1004103
1023s.
102^ Nov'01
FA
1204.
123
J-J
J-J
J-J
J-J
J-J
1023s.
101^ Aug'01
ii8»4
100
114
Nov'00
Nov'01
1124H54
124
90
May'01
Nov'98
124
J-J
J-J
F-A
F-A
1923 J-D
Chic St L A N
Registered
Gold 34s
Registered
10341094
J-J
A-O
A-O
LN O A Tex gold 4s.. ..1953 M-N
Registered
1953 M-N
101
M-S
J-D 12914
J-D
J-D
J-D
J-D 107 109
J-D
M-S 103
J-J
J-J
J-J
M-N
M-S
M-S
J-D
May'99
90>4Apr'01
4 Oct
1294
124
1294
Sep
'01
Oct
'01
109
99
123
997e Oct'01
125 4 Nov'01
100k 10034
74 4 Nov'01
11834 118 34
75
78
118 34 Sale
10141014
106
1074
105
109
102 4 Nov'00
109
IOOI4 Sale
124
126 1294
12378 124
101 U Oct '01
106
91
'99
108
100
126
90
IOII4I0214
994
124
96
65
99 78
128
103
80
1154H8*4
M
A-O
Kan C A Pacific See M K & T
Kan City Sou 1st gold 3s.. 1950 A-O
Registered
69
704 209
63i4Oct'00
704 Sale
1950 A-O
Kansas Mid See StL&SF
Kentucky Cent See L & N
Keok A Des Mo See C R I A P
Knoxville A Ohio See So Ry
Lake Erie A Wist g 5s.. 1937
2d gold 5s
1941
North Ohio 1st gu g 5s. .1945
L Sho A Mich S See N Y Cent
Lehigh Val (Pa) coll g 58.1997
Registered 5s
1997
Leh Val N Y 1st gu g 44s. 1940
Registered
1940
Leh V Ter Ry 1st gu g 5s. 1941
Registered
1941
Leh V Coal Co 1st gu g 5s. 1933
Registered
1933
Leh
1st guar g4s.. 1945
Registered
194
El C A N 1st g 1st pf 68.1914
Gold guar 5s
1914
ANY
A Hud R See Cent of N J
Leh A Wilkesb See Cent of N J
Leroy A Caney Val See Mo P
J-J
J-J
12134
121
1184
A-O Ill 4 Sale
J-J
J-J
A-O
A-O
J-J
J-J
1st consol gold 4s
4 Oct '01
1184
1114
110^
109
116
.
10834
M-S
M-S
A-O
A-O
110k
.
,
,120
1104
117
110
11
J'ne'01
97
Nov'01
1084 Hl^
10841H
108 34 Nov'01
09
1244
1194
1154
11041104
11441184
1184 Oct '01
1094Oct*99
1
664 724
118*4
1184
1114
1104May'Ol
M-N
M-N
Long Dock See Erie
Long Island 1st con g5s.ft.1931 Q-J
109
109
95" iob"
101 4 Sep '99
121
J'ly'01
121
123
10234
10234
J'ne'01
Oct '00
100
105
994
97
95
/tl931
M
NYARB
NOAM
106
100
99
95
1024105
Feb'01
1094H0
109 4 J'ne'01
107 Jan '99
105 May'00
113 Dec '00
121
121
114 Sep '01
1024
113
100
106
116
103
130
112
111
99*4
102*4
113
Nov'01
101
95
121
1144
1044
10 110411434
99 102
Dec '00
116
Apr'01
Jan '98
Nov'01
116
i"30" i"30*4
on Next Page.
NYGELH<fePg
100
Conn Ry A L See Street Ry
Con Gas Co See P G A C Co
EqGLN Y 1st con
High No Low
Gas and Electric Light
Newark Cons Gas con g 5a 1 948 J-D
Electric Light
ChGLACCo SeePGACCo
Columbus Gas
I0734 Sale
87 Bale
120 122 4
Q-J 104
General gold 48
1938 J-D 102 14 104
108
Ferry gold 4 4s
1922 M-S 102 104
140
Gold 4s
1932 J-D
Unified gold 4s
H8I3I2I
1949 M-S
984...,
Debenture gold 5s
1934 J-D 107 ...,
Bklyn A Mont 1st g 6s„1911 M-S 11634 ..„
116 118«8
1st 5s
19ll M-S 109 ...,
111 119
N Y B A BlVtcon g 6a 1935 A-O 110 ...
94
94
1st g 5s
1927 M-S 1124...
100 10914
Nor ShB 1st con ggu5s 01932 Q-J 110V...
115iall6ia
Louisv A Nashv gen g 6s. 1930 J-D 120 1224
6s
1937 M-N 112^
mini's Gold
Unified gold 4s
1940 J-J 102>4 103
Registered
1940 J-J
Coll trust geld 5s
1931 M-N 11214
Coll trust 5-20 g 4s. 1903-191S A-O
994100
123 126
190^ M-S
Cecilian Branch 7s
107 111
Nash
H
1st
E A
1919 J-D
g 6a
LCin A Lex gold 44s. ..1931 M-N IIOI4...
1st gold 6s. ...1930 J-J 130 1324
108 114
116
105
137
Jiange
Since
January
Gouv
MISCELLANEOUS BONDS—Continued
Gas and
1
951210114
99
99
82 4 91
Leh
94ia
9514 159 92ia 96ia
136ia 136i2
136!iiOct'01
II8H2 Aug'01
109 Oct '98
Sale 116
116
118
1184 118
103
94 Feb '01
1091* Sale 107 Hj IO914
1154
II512 Nov'01
W
13514 137
1344
135
112
118
115
116
118
99
N
119ie
121
118
12334 124
107 108
7 139
143"a
111 J'ly'01
12334 Mar'01
108 Nov'01
140^ 140"%
137
137
99^
olOl". J-J
gu g 5a.
J-J
Georgm Pacific Bee 80 By
Gila
Nor See So Pao Oo
6c
Carb
g
z^,
i
133ial36ia
See
liivs 1st
RioGr 1st g 3-48. 1928
Har * S A See 80
VTalll <t Mof 882 I.st 68.1918 A-O
Ga A Ala By 1st pig6a... 1946 A O
II734 1 23 12
1361a 140
136 34 140ia
89 78
Atk Low
(,r
105
W & Den c 1st g6a....l921
Cairo Bridge sold 4s
1960
Louisville Div gold 348.10."):;
Registered
1953
Midland Divreg5s
192]
St Louis Div gold 3a.... 195]
Registered
195]
Gold 34s
195]
Registered
1951
Spring Div 1st g 84a.. .195]
Western Lines 1st g 4s. .1951
Registered
195]
87ia
Kanye
I.UKl
105
FtWA
Ga Car
Meek-
J'rice
h'rida-u
Xov. 22
Hid
M&
1
1294May'01
82
1947
dt
& Term
SetCh
M
W
J'ly'01
9834
971*
76i2
7734
115 Oct '01
78
129
Sou 1st g4s... L929
Colum A Green v See So Ky
Col & Hock Val See Hock Val
Col Conn
131
Sale
76
115
Clev A Pitta See I'enn Co
Col Midland 1st g 3-48....1947
Conn A Pas
So
I'ere
1
1938
1st gold 4s
<fe
<fe
Greenbrier Ky See (lies & O
A St Jo fiee C U <fc Q
ousa tonic SeeN y.N H & H
113^115ia Hock Val 1 st consol g 4 "as. 1 000
130 1.38
Registered
1999
Col A H V 1st ext g 4a.. 1948
133 138ia II oust E A
Tex See So PaC
lioust ATexCen See 80 Pao Co
i'04igi04>9 I llinois Central 1st g 4a.. 96
1 Registered
195]
1st gold 3'as
95 lOOia
195]
45ia 79ia
Registered
1051
1st gold 3a sterling
115 115
1951
Registered
195]
Coll Trust gold 4a
1962
1291a 1301a
Registered
1052
104
115VjOct*01
1044 "i044
CI Lor A Wli con 1st g6a.l933
Clev A Marietta SeePenn RR
Clev <fc .Malum Val g 5s. ..1938
Colorado
Nov'01
104 Hi.
L990
Registered
06
133
W 1st prof 4s. 10 10
W
1st pf 58...<no:;s
Peo A East
1st
100
136
A
Income 4s
J'ne'Ol
Nov '99
1
ne'e.
1314.
Ind Bids
Ind
101 10514
99
99
98I4IO4I4
102 1053a
99
100
83
104
Jnn '01
Oct '01
104
May'99
104*4 104
100«8
89
101
102*4
104 Sale 104
CC
O
lint
let consol
104
1.99a
Registered
1990
Spr.v Ool Div 1st g 4s.. 1940
\V Val Div 1st g48... 1940
C I St
C Consul 6a.. 1920
1st gold 4s
fcl936
Registered
fcl936
Cin S A CI con lat g5s.. 1928
C.fe I cousol 7s
1914
Consol sink fund 7s
1914
General consol gold 6a. 1934
Registered....
1934
W
>
1
WA M
LDiv letool trg4a..l990
Ciii
St
-
Ht P
Btt I'ere .Mar
riaCen A Pen 1st a 5a.. .1918
1st land f?r ext gold 6a..
Consol gold .Oh
1948
Kerl B1
D CO 1st g 448.1041
J^argo
/ 'al
hi Lonla
neral g 4s
N. Y. STOCK BXOB
Wki.k K.voini, NOV. 22
ft
i
Clearlield
[Vol. LXX1II.
os. ..1948
J-D 114
Purchase money g 4a.. .1948 F-A
Ed El ill 1st conv g 5a.. 1910 M-S
1st consol gold 5s
1905 J-J
94 103
NY&QE1 L&P 1 st con g 5sl930 F-A
102 106
Paterson A P G & E g 5s. 1949 M-S
PeoGas A C 1st gu g 6s.. 1904 M-N
2d guar gold 6s
1904 J-D
11841184
1st con gold 6s
1943 A-O
Refundine cold 5s
1947 M-S
6141024
ChG-LACkelstgueos 1937 J-J
Con G Ooof Chlstgug58.'36 J-D
Eq G A F Ch 1st gu g 68.1905 J-J
Mu Fuel Gas 1st gu g 08. 1947 M-N
12334 1264
96
974 Trenton G A El lat g 6a.. 1949 M-S
Utica E L A P 1st s fg 5s. 1950 J-J
107 110
Western Gas Co col tr g 5s 1933 M-N
d Due Apr e Due May h. Due J'ly k Due Aug
107
120
102
1084H6
1154 1154 1154
9734
9734 974
1084 106°8 Nov'01
1214Apr'01
Sale
1104111
1094111
103
103
Due Oct
102
102
107 J'ly'00
1024J'ne'01
1244J'ne'01
106 Dec'98
111
111
110
110
104 Oct '01
10534 Oct '01
109 Feb'01
94»s
21)
984
1094
105
121
121*4
102
1044
10241044
120
126
108
111
104*4 110
102
102
109
104 4
106
109
1074 Jan '01 ... 10741074
q Due Dec » Option sale
November
BONDS
N. Y. STOCK KXCI1 A XL
ndin-o NOV. 22
Wiii;
1099
Bond ilecord—Continued— Page 8
23, 1901.
Price
w
I.
BONDH
Range
,,
11
Bange vr
Friday
k-
S
1
BTOOK BX( HANOI
X. V.
,
I tint
\\
....
S'ov
ig
,
'
I
AtlC
LouihV A Nashv- (Continued
J-J
N o A M2dgold6s ...1930 M-s
Pensacola Dlv gold 6s... 1920 M s
192]
M S
M-s
Kentuoky Cew (fold Is..i9s;
A \ di MA M tSl g 1%B1945
MS
j-j
JMS
St
on
i.
sold 6a
1st
ii.l.
Bdg< IstBJ
r
1
K
S
Klil A-
sink
I.
a
IX
J.
il
A
A-
it
t
g
ran
1.
l
Mob
111
01
1
1
1
'-j
1
1
100%.
M-S
100
Mar'01
104
105
loli,
104 4 Sale
May'01
110
'1
115% Sale 115%
J-J
82%
29
i
:
<
MS
J-J)
J-D
South
V,
1st consul gold 58
1st and let and gold Is
Minn A st I. go. See 14 C
J-D
J
-
>
1
A-o
111
117'v
&
98
34
4
ly
1474 Feb '01
148%
119
120
126
J'ne'01
01990 F-A
120'bNov'OI
103
103*4
8
Sale
71
82
104
97
103
105
97
l
1
M-S
K-A
1920 F-A
jtered
FA
Cent Br Kv 1st gu g 4s. 191
Leroy A C V A L 1st g 5s 1926
Pac R of Mo 1st ex g 48.1938
2d extended gold 58. ..1938
St L r MA Sgen con g 58 93
Gen con stamp gtdg 5s 1931
1
J-J
E-A
J-J
A-0
A-O
1
1
Unified A ref gold 4s. .1929
1929
Registered
Verdi V 1 A
1st g 5s. 1921
Miss Riv Bridge See Chic A Alt
Mob A Binn prior lien g 5s 1945
1945
Mortgage gold 4s
Mob Jack A K C 1st g 5s.l94f
Mob A Ohio new. gold 6s.. 1927
1st extension gold 6s. .A 192
1938
General gold 4s
W
J-J
J-J
M-S
1
"98"
109%
J-D
J-D
90
131
125
110%J'ly'00
95
Sale
Hi
131
131
12 5
Nov'Ol
96
96
MW
TAP
J-J
129
129
A-0
113%
120%
113%
J-J
J-J
J-J
118
118%
Dec '99
111
Dee
loo
1903 J-J
1997 J-J
1997 J-J
Kegist ered
Debenture 5s of. ..1884-1904 M-S
-tered
ISM 1904 M-S
deb 5sof...lss:i-liMil
Debenture g 4s.. ..1890-190
Kegistered
1890-1905
Debt certs ext g 4s
905
Registered
1905
Lake Shore coll g 3 "28... 199s
1
199.-
Clearfield llitum Coal
istsf int gug4sscr
126% 130
116
111
'99
1041-2
11)9
1-
1
Mav'Ol
101%.
109% Sep '97
103%Apr'01
M-N
100
lo:;'i
103'.
10
W
<
99%
101% 100 Nov'Ol
101% mo'* loo',.
;
100
97
95
Sale
96'
%
96%
95
95
4
96
97
Nov'Ol
96 4
Mar'01
iTfi'is" 111% Sep
106
108
106
107%
107 4 10%
109% Nov'Ol
103L. Nov'Ol
F-A
F-A
'01
1094 109%
101
1004
103
106%
102% 104%
99% 102%
100
103%
loo'„ loov
95
94
93%
96
111
99
97 4
97 4
97
112%
J'ne'98
95
ANJ
No Westn
See
WestnUn
Tel gen g 5s.. 1920
Teleg
See
M-N
West Un
HI
.
100 4102
Clearf Bit Coal
ColC A
Col C A
»
X
I
113% Oct
113%
Wash
J-J
J-J
10b'.i
1990 A-O
1922 J-J
g-ls 19.-9
W
M-N
Cent
1st
g
1948
to
l
f
103
104
110%
132
134
129%
W
HI
20 102
10.S
112%.7'ly'Ol
HO'4 112%
133
131
129% 133%
Nov'Ol
Oct '01
131% Oct '01
102% Sale 102% 1027
(
105% Sale 105%
105%
"72% Sale
72%
72
99%
103
1074107%
104
99
106
105%
69% 73%
72%
09
;02
J'ly'01
!29%Nov'01
29
1
99% 104
103
105 4 101
105 4
-1
73
1
72
72
Sale
134
131
27
103 Nov'Ol
1074J'lv',H
102'
102
107%.
101%.
136
182
132
120
110 4.
.
"89"
-'.
81
:
.1
1224
EoIi'm;
114
106
Novo!
122 4
110%
J'ly'01
102
117
Nov'Ol
'
!
100
day'00
'.
ii"6%iia"
112%
J-D
111%
111%
111%
108
111%
101% 105
105
Nov'Ol
Dec'00
102
101
114
114
'.
112
11 2
4
1104
113
;,
4
112% ii.3% 112%
121>2.
j
....
L02
122
>
121
o.
102
Nov'OO
121
122
.
115
'4
I
'4
'00
I
121
Son, - D8%8
1950 -A
Erie A Piltsgug3%s I4.19IO J-J
Series C
1940 -'-J
1
na
i
'
Bdge gen gn g4%a 1945 J-J
Leon gu g4
PC C A St
Series
Series
A
B
1940 A-O
1942 A-n
guar
112
114%
114%
114
11
1
:uar
19
Series 1) 4s guar
19 15 M-N
Series E 34 guar g
1949 F-A
Pitts Ft
A C 1st 7s...l912lJ-J
1912!
A-o
114'j Nov'Ol
Ill's 114'-
....
a
1
...
114
22
1
US
.
i,4U0%
\ov'Ol
108
1912 J-J
/<
Coal and Iron
Co gen gold 6s. ..1919 MX
Col K A 1 Co gen s g 5s.. 19 13 F-A
I
De Bardel C
A I .See T c A
A C 1st g (is.. 91 9 \
A I 1st g 58.19261 J-D
,
136%
.
'.lav'Ol
lot '01
-\pi
"'
15
130
'4
-M30%
•,pri'l
29
U7
KochA- Pn
101
104
104
Sale
106
95% Jan
4
Ml
2,1 gold 5s
1926 J-D
Pleas Val Coal lstgsf 68.1928 J -J
CA
''"
M.,\ 97
101
or
Ipurni 58 1940 M-N
I
Binn Div
1st
consol 88. .1917 J-J
M 00 1-t gu g 68.1922
A Co gu g lis. 9 o
Wh L E A P C Co st K 58.1919
''ah
SeeNYC&H
101
06% 106%;
96% 108
106% Eeh'ol
1034
I
1
116
e
lOS'a 104
101 4 Nov'Ol
112
Ill
Due Jan
110
Sep
112% J'ne'01
95 Dec '00
111
a
108
Jan '00
104
116% Sun Ck Coal 1st g s f 6s. ..1912 -D
Tenn Coal T Divl6tg6s.<il917 A-0
this -week,
'01
114
108
136
A-O
lsl s fund g4%8..1917 A-O
Sink fund subsidy g6s.. 1910 M n
Penn Co gulst g4%8
1921 J-J
Registered
1921 J-J
Guar 3 4s coll trust reg.1937 M-S
CSt LA P 1st con g 68.1932 A-O
Registered
1982 A-0
CI A P gen gug4%sserA.'42 J-J
Series B
1942 A-0
Series C 34s
1948 M-N
>e
Bar C
1
I
1
1
and asked
102
204
202 >»
I.
105'-
Sep '01
Nov'OO
107
102
196
195
134
Feb '01
132
58.1936 J-D
106% Nov'Ol
101
55
10'v
1
ioov
106
K'5
204
204
202 4 Nov'Ol
134%J'ly'01
..
202%..
M-N 132%..
M-N 114 4..
General gold 5s
1937
on- a- Cal See so pac Co
Ore Kv a Nav See En Pao
ore KK A Nav See Vn Pac
wie short Line See En Pae
tawego A Borne See X Y (,'
C E A St P .See
N
1>ac Coast Co 1st g 5s
1946
ac of Missouri See Mo Pae
1
ext 1st con g 68.1902 F-A
Dev Co gu g os. 1909 J-J
1
10'4
1
108
102
204
113
J'ne'01
Apr '99
107% 108
107% 105
'
.
1904 J-J
latest bid
J-J
A-O
A-O
.
Nov'Ol
113
Nor Pae Tor Co lsl S 68. .1938 i:7
X01 Kv Cal See So Pao
Nor wis .svys, p m ,& o
Xor A Mon1 Sec N Y Cent
A
TC I A R
No price Friday;
CCATlstgugSs
S010VAN Elst gu
<ir Riv Coal
Jell
Clear C
Coal and Iron
Cah Coal Min See
ll04N.,vol
121
10 125% 129
126
ISONDS-Continued on Next Page
100 4 May'01
100 4 Oct '00
109 Oct '99
'01
110
110
Ill
107
Col Fuel
West Union col tr cur 5s. 1938 J-J 113
Fd and real est g 4%s...l950 M-N 106
Mut Un Tel s fund 6a.. .1911 M-N 110%.
Northwestern Tel 7s
N
3d 7s
Am Telep A Tel coll tr 4s 1929
Y
E-A
A
mprovem'1
J'ly'98
MLSCELLANKOIS
J-J
Connu Cable Co 1st g 48. .2397 Q-J
istered
2397
Erie T A T col tr g 8 f 58..1926
Met X A T 1st 8f gos
191S M-N
Mar'01
4Nov'00
126
M-N
A H
2d7a
19401 J-J
118% 119
121
i224.Mi,\'oi
W
Telegraph and Telephone
N
A.-0
Panama
M-S
J-D
J-D
MX
A O
1
Corp—
A
N YO
CA
109 4....
KOUD
il5%MuV'()0
North Hlinois See Chi A N
115% North Ohio See L Erie A \V
119
Northern Pacific
114%116% Prior lien ry A 1 gr g 4s. 1997 Q-J
997 Q-J
Registered
84% 96 4
General lien gold 3s
O2047 3-jj
Kegistered
a20 17 O.-E
BA Qcolltr4s Se«GtNor
St Paul. Dul Div g4s
1996 J-D
Registered
1996 J-D
.St P A- N P gen g Os ...1923 F-A
127% 132
Registered ceixlflo's..l923 Q-F
121
St Paul A Dul 1st 5s.... 193! E-A
180
S7 4 96%
2d 5s
1917 A-O
J-l
110 116%
19i.
1st consol gold 4s
120
103% 105
103% 105
1998 FA
Registered
]99x F-A
Beech Creek 1st gu g4J-J
Registered
1930 J-J
2d gu gold 5s
1936 J-J
Cart A Ad 1st gug 4s... 1981 J-D
Mich Cent coU g3%s
.See
A \V See CCC A St
OInd
lnoKiverKK 1st
105%....
105% 1057,
105% 108% 106 s.-p'oi
1
...
120 '4 123
126 Sale
113
ext g 6s.. 1 934 F-A
Xew River 1st g Us
1932 A-O
A AV Ry 1st con g 48.1990 A-O
1
100
107
105
113
114
1
Mut UnTelCo
X Y A North
89% 90%
99 101%
95 '4 95'-
129
113
MX
MX
loo',
J'lielll
1
R con g
1
New a A D See N Y N 11 A 11
N J June Hit .See N Y Cent
New A Cin Bdge See Penn Co
N O A N E prior lien g 6s pi 915 A-0
N Y Bkln A .Man Bch See L
NY Cent A H R 1st 7s. ..1903 J-J
K. gist
N YNHA
Registered
M-S
^'ash Chat A St List 7s.l913
1928
1st consol gold 5s
Jasper Branch 1st g 6s. .1923
McM
A Al 1st 68. .1917
Branch 1st 6s
1917
Nash Flor A She! See L A N
Kegist, red
lis.
AN
ids" iio"
Montgom Div 1st gos..l94~ F-A 115% Sale 115% 115%
99 Oct '01
1931 J-J 100
St L A Cairo gu g 4s
95 14
91
«1930 Q-I
95%
Collateral g 4s
Mohawk A M al See N Y C A H
Monongahela Riv See B A O
Mont Cent ,S« St P .M & M
Morgan's La A T See S P Co
Morris A Essex .S'ee Del L A \V
Gold mortgage 3%a
g
5s. .1937
N H A Derby con g 5s.. 191s
1905
NY
E 1st 7s
1905
1st 6s
100% 109%
....
J-J
J-J
o.-J
,
Registered
n
3%8.„2000
1
89 Hi Oct '01
100 May'01
...
108 Hi 107 Nov'Ol
115'4
115% Sale 116
lib 1-! Sale 116
116% 58
116%J'ne'ol
93 Sale
92%
93 174
91
103
119
...
126
110
IO0
N YO A W relist g to.. #1992 M-S
</i992 M-S
Regis 96,000 only
99% 105% N Y & Put -S'eeN Y CA H
874 91% N Y A R B See Long Island
N Y S A W See Erie
107 111% N Y Tex A M See So Pac Co
Nor A South lstg5s
1911 M N
114 117
1931 MX
L9% 125% Norf A West gen g 6a
iog""io8"
107
See
Ilousatonic
ul91
l't'-:"
100%
1
....
100
108
98
96
,
100
,
1940 J-J
19-9 J-D
H A liar 1st reg4s.l903
Convert deb certs $1,000
Small certs $100
X VN
98
96' 100%
75
87
97
106
82 4
1-!
stered
1st coll gold os
ion'
130
WW
NYAN E
103%
98
96
1004
82
Sale
127% I!H"
146 \ Apr '01
141%
182%
127
1014 101
101 4 Sah
1
l-
117%
-,i
<fc
Apr '01
100% Sale 100%
1
1741474 x Y Greenw Lake See Erie
liar See N Y C A Hud
119
122% X Y
See D L & W
123% 123% X Y Lack A
12 -'4 122% N Y L E A
See Erie
116% 121% X Y & Long Br See Cent of N J
Nov'Ol
103
98
99
95
102% 103'.)
M-N
98 Sep '01
Dal A W'a 1st gn g 58.. .1940 M-N
105
105
105
M-S
Hz
gn
M K A T of T Bt g 58.1942 J-D
105 103 4 J'ly'01
Slier sh A Su 1st grig 6s. 1943
90 4 Nov'Ol
91
Kan C A Pac 1st g is.. .1990 E-A 90
Tebo A Neosho 1st 7s. ..1903 J-D
111%
111
lllHi
A-O
....
gn
1942
Elst
g5s
MoK A
1144 115 Oct '01
1906 M-N
Missouri Pacific 3d 7s
1920 M-N 122% Sale 122% 123
1st consul gold lis
Trust gold 08 stamped. al917 M-S lOOUSale 105% 100 '4
194
1st ext gold 58
1
Y&
<fe
vpr'01
10%
117%.
115 4
M \
MS
M E
w M
1931
193
2000
North 1st g 5s... 1927
N
R Wcfc Ocon 1st ext 58.A1922
Oswe A R2dgu g6s...«1916
B 1st gag 68.1918
I'tica A Blk Riv gu g-ls. 1922
X V Chic A St L 1st g 48.1937
1937
Kegistered
1
122%Feb'01
109%
J-J
1
'
3"
110
I
V lstgOa 1918
58
Registered
4s
Registered
Mat C A Slur lsl
N Y & Hail, 111 g
Registered
B2% 91 %
85
28
193
.Mich Cent 1st consol 7s. l'-'o'.'
190!
1st consol 5s
1909
Os
80 % 90
881
26
13
27
11
113
1934
11
8% Sale
1
1997 J-l>
Mahon ("1 Hit 1st 5s..
PltteMoKA Vlstgu6s
10;
1
D
1903
1908 J-D
106%
RA N
M AM
2d gold 4s
103
1
s s m con glint gn'38 J-J
Minn In See 8t L»
Kan Tex 1st g4s... 199o J-D
Mo
7a.
kwaot
Ma Plst5s8tpd4sint gn 1936 J-J
M s B M A- A 1st g 4 ml gn 1926 J-J
Mst PA
102
910 J-D '120
1934 M-N 120
.1949 M-S 103
g 7s.
J-J
..2301 J-J
102
W
l-
i
Is
XoV'Ol
106%!
A
.
Det Mon A- Tol 1st 78.1900 E-A
Ku A. AG B 1st gno5s. 1938 J-J
90 V J 'ly 'in
103 8 Apr '00
97
97
32 4
82 h
105 May'00
M-S
.
N
lsl
gu
Gold8%8
A-o
A-O
i
w
20%
,l'l>
.
N
toll gll g-ls l'.'i
lsl gn g 58.1916
100
100
82%
80%
20%
82
29 %
20 hi
Sale
Sale
bale
'.j
F-a
1
J
MoKeesA
J'ly
to. .1913
oonsol income g Ss.a 1939
2il consul Income g 3s..al939
l'-'i
a ooll gold 6s
i>
1919
2d series gold 5s
M. \ Internal 1st oon g 4s. 197*7
1927
Vat 1st -old lis
2d inc 6s A on stnipd../i 191
91
It
1
R
...
2d income gold 6s
Mex North 1st gold 6s. ...1910
Mich Cent See N Y Cent
Mid of J See Erie
See Clilc A
Mil L s A
Mil A- Mad See Chic & x \v
Mil A- North See Ch M A st P
Mil A St P See I'll M A st P _
Minn A St L 1st gold 7s. .1927
1 909
Iowa Ex 1 St gold 7s
\ 1st gold Sa ..1921
Pacific
I'
S
I!
1,11,1..
Set
Metropolitan El
ooneolgold
J
1991 M
1st
2d guartis
x X Cent
See Man By
1942
.
Registered
MS
MexCeiu
i
.
.
gn
It
Lake Shore oonsol 2d
!
U V
A-
•-
-
Registered
Million Coal Set l. s A
auliattan Kv consul Is. 1990 A(>
1990 A-O
Registered
Metropol El 1st k 6s.. ..1908 J-J
Man s \V Colon! - 5s ..1984 J-D
MoK'pt
Juno
7
115%
110
'01
1-1 -i'
1
a tfallatffug4i
Registered
\ 1 A I'll lsl
No! A Mont
\\ est Shore
12
1
J
Cc nti
11
noollie 6s.
I
N
11
A Usui
i.miii
73'.;
10% Mar'01
Nop
Oct
irniM
'01
ng'01
111
117
11 5
112
H-lVilliiH 116
L910 A-O
Bdgc Cogu
Ch SeeC a
4 120
Novo!
liil
114%
K-A
I-.. 194.'
.
1
110
\
I
118
102
68..1921 E-A
gold 68
ikI
115
124
E-A
l-i
Pen- A Atl 1-1 ITU
S A N Mil eon 5H
High
1
.ul'lll
120
112
MS 71% 73
1980M-8*
2d gold 3h
11,
Hint A
/.,.«'
Muniifarturina cV Industrial
Bicycle a f deben 6a 1919
Am Cot Oil ext 44s
1915
D
F-A
J
2
'•
1
101
101%
lol
32
04
p Due Nov
00l '<'!
111 %
105
J
104% Ames
Due May ^DueJ'ne /tDueJ'ly
107
110%
67
101
a
Option
'.
I
1
4
101 4
Jan '00
04
19% Nov'Ol
sale.
il(.
2
100
id4%
41
60
8?
...J
99
102
Bond Record—Concluded— Page 4
1100
BONDS
8TOOB
N. V.
\s
$$
•-'2
-=-
.rlc'S
Bale
^
5C
./till tilt 11/ 1
II
L
ll/lt
09% 109%
Sen
in
n Pac
i.ila Vii.V-
1
'-...-
107
L07
112
HIT
117
117" a
127
133% Jan
Penaacola & a Bee i.a Xash
Peo A- Bast 5m C C C A SI 1;
Peo&
2d gold %s
Pere Marq— F
g 6s.. ..19:21
.
M921
&P
Al g 6s.
1
1st consul gold 5s
.
137
&
Pitts
123
111
St
Law &
lsi
2d gold 6s
99% Sale
1997
1997
g
101
Sale
92
108
83
85
101k
11338118%
J'ly'97
Oct 'oi
101
96
90
105
83
101k 33
Aug'01
Oct '01
Feb'01
83
9334 Nov'01
98%103 34
93 k 96 k
90
105
90
105
80% 85
92% 94k
101k
101k 101k
94k
89% 98
114%J'ne'01
131
114%May'0]
132k Nov'01
116%Nov'01
.
116%.
RK
95
99
1st g 5s.. 1947
1951
1951
St Louis So See Illinois Cent
1st g 4s bd ctfs.1989
St L S
2d g 4s inc bond ctfs...?>1989
W
M
St Paul
& Alan 2d 6s. ..1909
1st consol gold 6s
1933
Regist ered
1933
Reduced to gold 4 "28. .1933
Registered.
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s
193
Registered
193
E Minn 1st div 1st g 5s.. 1908
Registered
1908
.
May'01
Oct '01
106
106
106
110
1st gold 4s.. ..19-18
128
140
115
Apr'00
Oct '01
140
Apr '97
12"2%!
121% Aug'01
i.24%
120
'.
132
i.2l"'i22"
Apr'99
M
.
108%.
111
112>4
111k Oct *01
.
126% Jan '00
123 Dec '99
94k Feb'01
106% Feb'01
127%
112
90
.
.
W
SUSn Oca & Ggug4s..l918
Scioto Val & N E SeeNor & W
Seab& Roalst5s
1926
Car Cent 1st con g 4s... 1949
Sher Shr & So See M K
T
104
111
86
87
87 Aug'01
91%J'ne'01
110%111 34
94
94 34
106%109 34
87
87
91k
91^8
104 34 Feb'98
112
g4%s
101%
95%
111 J'ne'01
102 k 102%
95«8
98 83
89
96
40 100
99%J'n6'00
"87%**8S% 88k Nov'01
83 k
89%
101
94%
1011-2 101
Sale
Registered
102 H; Sale
1949
fcl929
fcl
94%
89
g 4s 1949
Registered
137
J'ne'01
ug'Ol
186
L23
137%
Jan'O]
ll 3
118
1
5 110
36% 95
125
'.
ni'4
125
....
1
13
l05%Nov'01
loij-VOO"*!
106
SB's Sale
Ki-
in
111;-. Apr'Ol
l08%J*ly'01
1
108%
108
A
A
M-N
MS
MS
1st
g 6s
192: J-J
Knox& Ohio 1st g 6s... 1925
Mob & Ohio coll tr g 48.. 1938
Registered
1938
1915
Rich <fe Dan con g 6s
Equip sink fundg 5s. .1909
Deb 5s stamped
1927
Rich & Meek 1st g 4s.. .1948
SoCar&Ga 1st g 5s. ...1919
J-J
M-S
M-S
J-J
M-S
A-O
M-N
M-N
Virginia Alid serD 4-5s.l921 M-S
Series E 5s
1926 M-S
Feb '01 .. 119 120
L07
Kor'OO
109
109% 109%
109% 60 106% 111
114k Oct '01 ... 110
14k
119
110
120
....
....
110
120 h
W
113%
100%
....
in-
Non-cuminc A 5s
Utah & Nor 1st 7s
&
Black
R
A.-
100%
96
120
100k
93
l'JO'i
96%
111%
111k 121
11834 121
1 8 % Sale
1
112%
,
127
,
96
Nov'01
128
128
Nov'01
127%
126 J'ly'01
96 k
96k Sale 95%
123% 124% 123
124
101k Jlv'OO
i'iokl";
io8%"!!
90
120
110
83
107
102
114
117
116
Oct
117% 120k
11
2
...
Oct
'01
96k
124%
109
111%
106"
i'1'6"
114
113
115
114
117
116
116
120'8
Aug'01
91% Sep
'00
120% Nov'01
117
% 128
95
'01
'99
'01
1
121% 129
10 121
2
107
Od
121
117
111% 116%
Dee '00
Sep
120
119k 121
.J
118%
120 >4
112
109
Alai'lll
121
119
118
114
110k
10334
11 II'--,
96
97
J'ly'00
A-O 114
F-A 115%.
A-O 112%.
114% Nov'01
115
113
Nov'01
113
115
113
11(5%
116
M-S
J-D 120
104
Feb '01
104
104
120% 120
120
Nov'01
115%120k
111 J'ne'01
115 Nov'01
112 <% 112%
107 Nov'01
110%111
113 117%
112% 115%
103 108%
.
Alar
93
98
J-J
J-J
115
A-O
112%
J-D
A-O
10534
J-J
J-J
93
91
82
97% Sale
95
%
Sale
102
Sale
Sale
Sale
95
97%
94
90
82
100
J-J
107
110 Apr'Ol
10S 34 104 103% 104
128 129% 128
129
118%119 34 119 Nov'01
104
103% Oct '01
J-J
Sep
1908 J-J
1926 J-J
M946
90
99 k
95
86
88
18
110
100
109 k
107
106k
129
110
101k 105
125
115
]
4
130
121
103% 106
117% J'ne'01
113
100
95
2
Nov'01
98
109 k Nov'01
106
106 58 134 103%
5 104
105 34 1053,
106% 108k 4049 103
107
J-D
F-A
113% 116
97*4
94
Oct '01
82
M-N
M-N
Uni N .T RR <fe C Co See Pa RR
Utah Central See Rio Gr Wes
Utah & North Bee Un Pacific
\fer Val Ind
110
120
95%
A-O
J-D 100
Ulster & Del 1st con g 5s 1928 J-D 109 n
n Pac RR & 1 gr g 4s. .1947 J-J l06 6
Registered
1947 J-J 105 34
1911
Registered
1911
OreRy<tNavlstsfg6s 1909
Ore Ry A: Nav con g 4s. 1946
Ore Short Dine 1st g 6s.. 1922
1st consol g 5s
1946
110 Apr'Ol
106 k N
l08%J'Iy'01
120% 120 4
120% Nov'01
112 Sep 111
:i
114%
1936 M-N 115%117
1936 M-N 115%117
117
113
Mar'Ol
119
113
N Y Cent
WSee Bee
Mo P
irginia Alid See South Ry
1939 M-N
1st gold 5s
2d gold 5s
1939
1939 J-J
Debenture series
Wabash
FA
A
SeriesB
1939 J-J
Det& Ch Ext
1st g 5s.. 1941 J-J
Des Moin Div 1st g 4s. .1939 J-J
St Chas Bridge 1st g lis. 1908 A-O
See Del Lac & West
Wash Cent See Nor Pac
See Southern
Wash O &
Pa 1st g 5s. .1937
West N
Gen gold 3-4s
1943
Income 5s
£1943
South
West No Car See
Rv
West Shore See N Y Cent
Va Cent A- P 1st g (is. .1911
Wheel's <fc L E 1st g 58...1926
Wheel Div 1st gold 5s.. 1928
Exten A: Imp gold 5s. ..1930
1st consol 48
1949
Wilkes & East See Erie
Sioux
F
See
St
P
Al
Wil &
AWinona & St P See C AWis Cent 50-vr 1st gen 4s. 1949
YA
A&N
W 1st gug5s....fcl949
1941
Cent Pac 1st ref gu
.
N.,v'<j]
ins
W
W
1905
Registered
111
91
119
Sale
118
111%110'4
98
61
HI
96
110
Sale
Sal.'
98
111
119
110%
52 117
120k
15 107% 114
9s
10 96% 102%
98
Uli-400 40
70
59 3e
110 111
111 Oct 01
'01
95
98%
98 Sep
110 112
110 Nov'01
Warren
Gold 4s (Cent Pac coll). fcl949
Mort guar gold 3 "as.
l
110
PS
»
Sp Oca & G See Sav F &
Sod Bay & So 1st g 5s
1924 J-J
So Car & Ga See Southern
Southern Pacific Co
2-5 year coll tr
GaPac Ev
Utica
W
<fc
Aug'01
113%
111%
10
!
110
1912
1943 J-J
5s
1994 J-J
Registered
1994 J-J
Mem Div 1st g 4%-6s...l996 J-J
St Louis div 1st g 4s ...1951 J-J
1918 J-J
Ala Cen K 1st g 6s
191s J-J
AtlA Dan v 1st g 4s
1949
Atl& Yadlst g guar 4s.
A-O
Col & Greenv 1st 68
1916 J-J
E T Va & Ga Div g 5s.. 1930 J-J
Con 1st gold 5s
1956 M-N
E Ten reor lien g 5s
1938 M-S
Registered
1938
Gold 5s
St P <fe S'x City See C St P
&O
S Fe Pres & Ph 1st g 5s. . 1942 M-S
P
SA&A
See So Pac Co
S F & N P 1st sink f g 5s. 1919
Sav F<fe
1st gold 6s.. ..1934
1st gold 5s
1934
St John's Div 1st g 4s.. .1934
Ala Mid 1st gu gold 5S..1928
Bruns&
1st gu g 4s.. 1938
H2'
A-O
A O
.1
Con gold 58
Southern— 1st cong
1st lien convert 4s
140k.
11!
91
i
-S'eeL&N
11134 114% Spok Falls & Nor 1st g 6s. 1939 J-J
111 114% Stat IslRy 1st gug4%s..l943 J-D
125 136% Sunb <fe Lew See Penn RR
112%119
SyraBing&NY ,S'e«DL&W
Registered
1948
Minn Union 1st g 6s
1922
MontC lstgug6s
1937
Registered
1937
1st guar gold 5s
1937
Registered
1937
Will* S F 1st gold 5s. .1938
Registered
1938
St P & Nor Pac See Nor Pac
U2 34
1
W
106
106
112%
•
112%
111% Sep hi
107kl07 7slt>7 Nov'01
J
AO
1906-1937 M-N
98
103 %.
106
High So Low Jliyh
.... 105
108
106% Nov'01 ....106
108
J-J
SPacofNMexlst giis.,191 J-J
SP Coast 1st gug 4s.... 9:i7 J-J
1905 K-A
Tex & N O 1st 7s
1
Gray'sPtTerlstgug5sl947
<fe Dul
See Nor Pacific
Sil
>
102% Oct '00
Tebo & N See Al K & T
1 erA of St L 1st g 4%s..l939
06% Oct '01
91k 102
100% Sep '01
1894-1944
i 00% 100%
1st con gold 5s
97% 98% 97%
98
70 97% 98%
St L Al Bge Ter gu g 5s. 1930
Tex & N O See So Pac Co
Tex & Pac E Div 1st g 6s. .1905
97 Sale
97
34
05%
101%
1st gold 5s
2000
96k
SO * Sale
79%
2d gold inc 5s
02000
80k 132 71
82k
La Div B L 1st g 5s
1931
Tol & O C 1st g 5s
1935
Western
Div
..1935
116k 117% 116k Nov'01
118*8
1st
5s.
g
115k
140 ....
General gold 5s
1935
139 142
139k Oct. '01
137%Peb'99
Kan& At 1st gu g 4s.... 1990
3
115 116 116 Nov'01
113 4 116% Tol P<fe Wist gold 4s. ...1917
116%Apr'01
116%116% Tol St L <fe pr lien g 3 %s.l925
Nov'01
50-vear gold 4s
1950
116 120%
116k
105i2.
106% 106 %
102% 107% Tor Ham & Buff 1st g 4s./il946
1st trust gold 5s
1987
St L
S F
gold 4s.. 1996
n ntiary 1
105% 107%
77 7h 91k
110% 114%
111%
L07
S&NAla
1931
1931
Registered
Pass L8tgn.g4a.1943
So P of Ax gnlstg 6b el 9090
SPof OaJ Lsi g 6a
1905
1st g lis aeries B
1905
1st g 6s series C «v D.1906
1st g 6s series EA; 7.1912
1st gold 1;.1912
1st con guar g 5s.
W
1906
Refunding g 4s
1st
General 5s
Guar stamped
O&
1st oy gu 4s. .1924 F-A
WeetNC 1st con g 6s. .1914 J-J
<fe
Southw Div
\
.1
g68'30 M-N
Sabine Div lstg6s
101k
99 101k
101%
98 101%
121%Alar'01
121 121%
99 H
99=8 321 92% 99 34
92 Apr '01
92 34
92
94k 94
94
L & Cairo See Mob &
L & Iron Mount See M P
L K C & N See Wabash
L M Br See T RR A of St L
St L
S Fran 2d g 6s CI B 1906
Nor Div
'01
120
1996
Ohio
&
a
'
105%.
106%.
ll
Stamped
118% Sep
101k
5s. 1996
2d gold 6s Class C
General gold 6s
General gold 5s
SA
'98
N Y Cent
St
St
St
St
St Paul
115 34
120
mm
120
B R&P
1 st
1st
1
gng6e....l907 J-J
Guaranteed gold 5e.... 1938 A-O
Ore <V CftJ 1st guar g 5s. 1927 .l-J
114%
'01
98
1st g3-4s.. 1947
Adiron
108
109
.
116 34.
Rutland 1st con g 4%s
1941
Rut-Cauad 1st gu g4%s.l949
Tus
&
H
Pere
Marn
Bee
Sag
alt Lake C 1st g s f 6a. .1913
StJo&Gr
127
Oct
120
,
D&H
South Ry
See
N
A O
1
1
126
See
See
M
M
\
1
Rich & Dan Bee
Rich & Meek See Southern
Rio Gr West 1st g 4s
1939
Consol and col trust 4s .1949
Utah Cent 1st gu g 4s.al917
Rio Gr June 1st gu g 5s.. .1939
Rio gr So 1st gold 4s
1940
Guaranteed
1910
Rome Wat & Og
Nl
78.1918 A-o
1st gold 6s
1920 .l-J
N VTA Mex gnlstg 48.1912 A
Nov'97
107% Oct
1st con 5s. 1927
Registered
Rensselaer Ai Sar
133k 133%
'01
:
1943
1917
Reading Co gen g 4s
Roch
112%
N Wdiv
Morgan's La A I
NooiCaJ
J'ne'01
ll4 'sNo\'OI
.
w
V & Ash
112
Oct '00
Feb'01
127
112
124
1!2»4
114»6.
1939
JPM & Co certfs
TO 1st
WaCOift
Jan'01
101
929
Pt Huron Dry 1st g 58.1939
SagTusA- H Lsi gag 48.1931
Pine Creek reg guar 68. ..1932
Pitts Cin <fc St L See Penn Co
Pitts ('lev & Tol 1st g 6s.. 192.2 A-O
Pitts Ft
& ch Bee Penn Co
Pitts June 1st guides
192S
Pitts A L Erie 2d g 5s.. .01928
Pitts AleKees & Y SeeN Y Cen
Pitts Sh & L E 1st g 5s.. .1940
1st consol gold 5s
Pitts & West 1st g 4s
lsi
..'ii
192
1
-1
Pitts
L2»4
Nov'97
Mar'00
nge
Since
'<
J.anl
Bid
1
.
L02
1
]< k I'n 1st
WT
<V
~ ;-
ontlnutd)
gu g:.- 1924
-1
1st
.XXIII.
Range or
s 6a redeemable.. 19.;.;
N
gfia mi gn..l987 J-J
Consol e 'is Inl guai .. 19 12 A-O
1st
11 <t
I
1
"
<
N
.
I
1
lions E
Consol sterliii
Con currency 6a reg...{rl90f
Conaol gold 5a
L919
Consol gold is
1943
Alien Val K<'" >-'ii g Is... 1912
%s..
1st
CI Ai Mar
gu g
L936
D It l: II A Bge lsi gu
Or B .v 63 Ls1 gu 1941
Sun A Lewis lsi g 4s.. .1936
U N J BR it Can gea 48.1944
I
1
I
Ic't
STOOB I.X' HAN*.
Webb BxDura Nov. 22
N. V.
High No
Atk Low
109% 112 109%NoVol
g4s. L923
1908
1st real est
BONDS
Bang*
Bid
mi
Penn
V
Range «r
Friday
\
Ending Nov,
k
i.i
lTirr
'
l.X'li
[Vol.
Nov'01
94 34
Oct '01
929
GalHar&S A 1st g 6s.. 1910
111k
103k
2d gold 7s
1905
Mex& Pac lstg5s... .1931
10734
111
no
Oct
'01
107k Nov'01
107% Oct '01
89
111
103k
108% 113%
107kl07 34
100 107%
W
N
J-J
A-O
120k 121k 1203s 120%
9958 100% 99% Nov'01
Nov
40
J-J
A-O
J-J
F-A
M-
WM
J-J
119
95
31
Mar'Ol
115
Sale
88% Sale
112
113
112
92
88%
100%
40
113% 113%
117%
111k H6k
113>-.AIar'01
112
112
110
92
122
Oct '01
May'01
112
J'ne'01
92 \
95
88 34
90
112
89
112
94
85k 92%
MISCELLANEOLS BONDS—Concluded.
lUaniitactui-iiiii »V Industrial
Hide
L 1st si g 68. .1919 AI-S *
Am
&
Am Spirits Mfg 1st g6s..l915 MS
Am Thread 1st col tr Is 019 J-J
Miscellaneous
92
80
93
Sale
92
80
93
80
90
75
98
85
Adams Ex col tr g 4s
AmDk&Imp5s
1948 M-S
See Cent
NJ
105
Bkln Ferry Co 1st con g 5s 1948 F-A
SO
84
& H 1st 5s tr ctfs..
Bkln
Bar& SCarCo Istg6s...l942 J-J
105 Jan '00
Consol Tobacco 50-yrg 4s. 1951 F-A
64%343 62k 67k Chic Jc& St Yard colg 5s. 1915 J-J
63%
63k Sale
Distilling of America collateral
Det M & M Id gr 3%s S A. 1911 A-O
34
trust gold 5s
1911 J-J
86% Sale 86%
86% 12 82
86% Hack Wat Reor 1st g 5s.. 1926 J-J
Gramercy Sug 1st gold 6.s. 923 A-O
90
99% Apr '01
90 100% Hoboken L & I gold 5s. ..1910 M-N
111 Steel Co deb 5s
Mad Sq Garden 1st g 5s.. 1919 M-N
1910 J-J
99 Jan 'W
Non-conv deben 5s
100%Jin HI
1913 A-O 101%
100 100% Alan Bch H & L gen g 4s.. 1940 AI-N
Int Paper Co 1st cong 6s. 1918 F-A 108%
109
5sdl990 J-J
109% 16 105 111
Newp Ne Ship
Knickerbocker Ice (Chicago)
N Y A; Out Land 1st g 6s.. 19 10 F-A
1st gold 5s
93 Aug'00
RR Secur Co 50-yrg 3 %s. 1951 J-J
1928 A-O
98
Nat Starch Mfg Co 1 st a lis 1920 M-N 106 107 107 Nov'01
107
110
St L Ter Cupples Stat'n & Prop
Nat Starch Co 8 f deb 5s.. 1 926
Colstg4%s 5-20 year.. 1917 J-D
92 Nov'01
91
96
Stan Rope & T 1st g 6s. ..1946
57 % 57%
57%
56
46% 72% S Yuba Wat Co con g 6s. .1923 J-J
Income gold 5s
*
Sp Val Wat Works 1st 6s. 1906 M-S
6%
6%
1946
6%
5k 12
U S Leath Co sf deb #6s..l913
M-N 112 k 113 112% 112%
112k 115% Vermont Mar 1st 8 f 5s.. .1910
No price Friday; latest bul and asked, a Due Jan b Due Feb dDueApr g Due J'ne h Due J'ly k Due Aug n Due Sep p Due
... 1
W W
105
Nov'01
83% Oct
103
33
83
75
2 68
Mar'Ol
111
34% i'l3 29
90
Oct
75
111
109
91%
'01
78
111
35%
1
ADD
'
r
'99
91%Nov'01
91% 91%
Feb'97
113%J'ly'00
101
Nov gD ue Dec cOption
>ale
November
1HE CHRONICLE.
23, 1901.]
~l
(.II.
Volume
of
Business at Stock Exchanges
Ill
.
.III
Indianapolis g.i>
1
1101
Industrial and
-
Atk
>l
si.
6a 1920
»\
1
KANSACTIONS AT THE NKW rOBK
1
DAI
WEEKL1 and
i.V.
\
BTO(
I
B
I
,loo
\' IIA.Nul.
Kansas
.Altl.V
Hailroad
'"".7
Par
Shu.
$
Saturday
648,947
78
Monday
Tuesday
Wedni sday
Gas
Friday
—
value
,
.
.
tiding
.
7,
January
1
'
'
g
1
1107%
J
100
2
lltelicc
I
'
A
to
.\...
SB
L9O0
1901
$1,02.".. 070
$19,240,000
t0O5.7OO.07O
$6,218,210
1,914,200
4 15. -2
1,800
1
40
J-D
Cramp
15
Diamond Mati
Dominion Securities, loo
1
1
1
,
$453,347,210
loo
100
ion
loo
100
loo
Boat
Electric V. hlch
l'l.I, 1,1,1
Enipiri si.o. Sugai
1st 6s 1916
40
phot Buffalo 100
nt l.i A So Anier. .. 100
112
106
Tel. ph.. 10O
66
!
11
1
Empire
109
I'M
'
J-J
1-1
17.'.
100
Cable
Tel (N V)2."
..
1
115
J J
100
loo
100
Co com. loo
arrlage
In nocal
I'm (erred
in
al
1
(
Mfg
l'l.
Til
I.
1
1
1
57
101
1
lo
120
ll
40
.1
1
.
02
Ms
I
I
45"
35
.
5
.1
110
106
20
25
1
Exch
100
1
1
.
4
40
11
•
•
3
30
HackensackMeado
Havana Commercial, loo
56
L23
loo 120
Gold A stock
Prefi "i ii
LOO
4%8, 1005
Hkr-.li.nes
12
w '1 M ill.pld
Hudson River 'Teh pli loo
Lei .is 1022
Mexican Telephone Set Bosto n list
Bosto
Lisl
Herrtng-HalLMarvtnlOO
New Eng Telephone Si
122
loo
L26
1st
preferred
Philadelphia
Northwestern Teleg .60
Boston
Keel:
100
2<i preferred
N X <V N Tele). III. lie 100 170 172
lioliokeii Land & lioplOO
as
M-N 111 114
58 1020
Bond
Vn listed
Jlond
Listed
Listed
Unlisted
719U1
.M-N
83
58 1010
26
Ic .v Atlantic
shares
sales
shares
sales
sit a res
shares
uti nalional Sail e. rtfs.
97%
Providence Telephone. 50
loo
103
sii\
>
Atlantic..'.
er
Internat'l
aSouthern
$12 1,100
1,610
58.98S
0,250
$178,090
8,590
Saturday
r-D
1\
6s 1948
232.100 Tel Tel A Cable ol Am 5
5,235
171.700
93,180
9,544
13,408
Mondav
Iron Steamboat
25
370. 022
110,200
2,877
86,317
12.204
Tuesday
Companies
Electric
11 Stetson com., loo
John
".,380,
707
838,203
10.032
67,858
26,037
Wednesday
loo
170
lined
lan't ColOO 165
I'm
AlleghenyCo
5,345
216,244
213,700
74,032
1,181
20.030
Thursday
159
20
Lanston Monotype
ihicago Edison Co... 100 168
204,011
3,909
311,030
17,151
B1.884
7,518
Friday
on EI ill Co Brk N v Stock Exch Lawyer.-, Mori liisiir.loo
loo
I'ranlO
1'4
is'
surety
Law
\
i;h clro.pneiiiii'ic
19,7131
60,401 1,589,100| 402,215
96,078|
Total.
General Elect lie Co N V Stork Exch Law veiV Title ins...loo
200
Loriilanl il', pref
100
Hartford (Ct) Elec Lt 100 196
EingsCoEleoL&PColOO 185 100 Madison So Garden. .loo
92
M-N
Os
1019
2d
Narragan (Prov) El
Mex Nat Construc.pl loo
N V & O El L&PowColOO 38
Securities
loo
73
Preferred
Monongahela B Coal.. 50
50
RhoIslElecProteoColOO 119
Preferred
For Weekly Review of Outside Market See 7th Page Preceding.
loo
9
12
Mosler Safe Co
Storey leneral Elec ..10
15
National Carbon
16
LOO
United ElectricolNJIOO
Street Railways
Street Railways
os
Ask
Bid
loo
70
Ask
Bid
Preferred
4s 1020
34
NEW YOKK CITY
Grand Rapids Ry....lO<>
SO
U nit Elec Lt "<fc*Po Co. 50 See Da it list Nat Enam'g A stamp loo
loo
100
86%
Preferred
35
37
Preferred
Bleeck St <fc Ful F stk 100
Ferry Companies
National Sail SeeH V Stk
102
104% Indianapolis St Ry See Phila list
J -J
1st niort 4s 1050
17'.,
100
18
16
National Surety
18
J C Hob<fc Patersou..]00
Brooklyn Ferrv slock loo
B'way & 7th Ave stk. 100 248 251
15
4s g Nov 1 1949. ..M-N 8 60% 80*8
New lentraJ loaJ
20
NVA- Hist Os 1911.JJ 113
latmort 5a 1904...J-D 101 \ 102
Exch
no
stk.100
list
Loan
Imp
Lake st (Chic) El
12%
A
100
Con 5s 1948 See Stock
N V
J-J 108
2dmort 5sl914
110
list
102S
J-J
Hiscuit
Deb
5s...
108
1911.M-S
Exch
5s
Ferrv
N
V
68
Stock
opolitan
Con 6s 1943 See
loo
00
70
LouisvSt Ry5s L930J&J 8118% 1201-2 N V & E n Ferry stk.100
N Y Dock Co
B'way Surf 1st 6s gu 1924 8114 110
04
100
105
Lynn* Bos 1st :..- '24.J-D U13 114
1st 5s 1022
8
95
Preferred
20 5s int as venial 1905 103
Exch
list
loo
Holjoken
80
81
F-A
Minneap St By 5s See Stk
1st 4s 1051
N V AStk.100
Cent'i Crosstown stk.
125
100
29
30
114
pillion
New
Orleans
City
Ry
HnliFv
1st
1040
M-N
8112
111
Ti
5120
5s
N
"S
1022
M-N
S
V
($20
1st
Os
100
105
2 1 ;•
100 103
Preferred
Con 58 1040
J-D 8 80
91
n y Realty Corp
Cell Pk N & E Kiv stk 100 208
10-1
North Chic Str stock. 100
New York A- New Jersey
Nicholson File Co.... loo
J-D 101
Coiisol 7s 1902
J-J
loo
1st
1000-10
105%
silver
5s
1st 5s 1946
1-J
107
L85
mtario
Chnst'rA-lOihst stkloo
loo
75
22
North Jersej st stockloo
23
10th A 230 Sts Ferry 100
80
Utis Elevator colli
ColA- 9tli Ave os See Stock ExCll lis!
si
4s 104s
M-N
1st niort 5s 1010. ..J-D 8105
25
108
100
Preferred
Drv 1) E B <fc Bat stk 100 120
114
Pat Ry con 6s 1931. .J-D
130
43
45
Union Ferry stock... 100
50
Pittsburg Brewing
1st gold 5s 1032. .. J -1) 112
A-O *100 "38"
F-A 103% 1041-2
2d Os 1014
1st 5s 1920
M-N 8 07
98
50
Preferred
p 5s 1014
410
loo
Rochester Ry (new). 100
30k
Eiifhlh Avenue stock 100 400
Pittsburg Coal
Railroad
100
100
00
loo
91
Preferred
Preferred
F-A 105
Scrip 6s 1014
100
Con 5s 1030
105
A-O 110
Chic I'eo A- st L pref.100
42d<fc(irStEerrystk loo 305
9% 11 Pitts Plate Glass
70
J-D 101 h 105
2d 5s 1033
100
05
Prior lien g4%8'30M<fcS 2103
Plymouth Copper !o.. 10
42d 8t M cfc St N Ave 100
114
So Side El (Chic) stk.100
93
Ion no g g 6s 1930.J&J
90
Istinort Os 1910. ..M-S 112
Pocahontas Coal subs
101
21
Syracuse BapTrSs 1946 100% 102
99
Income 5s 1030
26
Pratl A Wl.it 11 lire!.. loo
2d income 6s 1915.. J-J
20 H 30
100
Unit Rys (St L Trans) 100
Dent er a- South'n s, s 'k Ex list
Procter & Gamble
Lex At & Pav F 5s See St k Exc list
7
205
loo
88
loo
Preferred
88 « Detroit southern
loo
14% 15
Ninth Avenue stock. 100 190
Preferred
J-J 8 90% 91
loo
38
Preferred
40
Gen 4s 1934
Second Avenue stockloo 214 218
Royal BakPowd pref.100
110
1st 4s 1951
J-D
85
s7
Rubber .nods Mrg See si
181 niort 5s 1909. .M-N 8106% 107'j UnitTr& Flee (Prov) loo 109
7S--J4
120
04
92
West Chicago St
100
F-A 8118
EC Ft ScA- Mem pf
70
Cousol5s 1948
Russell & Erw m
25
S014
M-N
Con g 5s 1030
100%
99
8
Refg g 4s 1030 ...
Sixth Avenue stock.. 100 175
86% Safety Car Heat A- LI DM)
Mex National (w i) ..100 14
Simmons Ilardw com loo
Sou Boulev 5s 1045. .J-J illl 115
Cius Securities
110
37
100
Preferred (w i)
100
1st 5s 1919. ..A-O S108
38
Preferred
NEW YORK
100
Third Avenue See Stock Exch list
Prior lien 4%sl926(w ii 101 \i 102
2d preferred
100
1st
5s...
110
8109
78
loo
Cent L'niou Gas
1st con 4s 1051 (w 1)
Tarry W P £ M 5s 1928 103
7S 4 Singer
Co
Con Gas (N V) stock N V Slock Exc Nor I'ac new 4s (wi)..
110
snap Hook A Ej
YkersStRB 5s 1946A-0 103 105
111
Equit Gas con 6s 1932 Be* Stk E x list Nor'n Securities (wi) 100 110
28th & 20th Sts 1st 5s '90 110
111
Standard Milling Co. 100
:;.".'
Mutual (ias
100 295 305
Pitts Bess<& L E
50
100
Twenty-Third St stk.ioo 408 4 15
Preferred
1O0
New Amsterdam la
J-J
09
103
Preferred
L906
50
71
1st consul 58 L948..J -J
107% 108
Seaboard Air Line See P alt list
N
.I..I00
Union Ry 1st 5s 1942 F-A 116% 117
Standard Oil of
10b
>Yeslehestlst5sl943 J-J 105
NYElecLt Heat&Power
stand Undergd Cable 100
Industrial and lHisccl
Gold 5s Bee N Y Stock Exch list
Slnss.Shellield See Stock
BROOKLYN
20
N V A Eas1 Biver G:
Aberdeen Copper
Standard louplei ComlOO
25
IOS
1st 5s 1014
J-J U13
Acker Mer A Coinlit ..Os 100
Atlan Ave 5s 1909. .A-O -.107
115
IT. mi red
LOO
Consul 5s 104 5
112
A-O 113 115
108
Con os a 1931
J-J
Am&lg Copper See Stock Kxch lisl
A sm Y pi DM)
Still\t InNor In 1st 5S 1027. M-N 108 110
loo
Dnpt 5s See Stock Exc h list
Am Agrio Cliem See B ostoll list Swill A- Co
loo
Standard Gas com
Anier Bank Note Co.. .50
L35
B B & \V E 5s 1033. .A-O 102
53
56
Lsl 5s 1010 1014. ...J-J
1 5 D
100 150
Brooklyn City stock.. .10 24 2 243
Prefi rieii
25
Am Bioyole *<< n stk Iixch list Tenm asee Copper
M-N 8116 117
18»e JO
Ainei ican Can com. ..100
Cou 5s See Stock Excli list
1st 5s 1030
A Pacific Coal. loo
Bklu Crosstu 5s 1908. J-J 105 107
05
A-O
Preferred
loo
1st Os L908
Bkn Hgts 1st 58 1941 A-O 105
83
American chicle Co.. 100
Title Guar A TTU8t...lOO
OTHER CITIES
loo
Bklu o Co A- Sub See si u Exch list
00m
Trenton
Pottery
Preferred
81%
100
B3
Bklyu Rap Tran See Stk Kxch ii-i
100
Ann Light & Tract. 100
20
21
Amci Graphophone. ..10
4
Preferred
5
01
Coney Island <& Bkivnioo 325 too
90
l'n U lied
Preferred
100
10
7% 8 Troy lireotory new ..100
1st 5s 1903
102
103
Ball
list
J-J
Consolldat
Set
100
i.ppoi
Baltimore
Amer HideA Leathei
4
4% l 1111.11
6eortfsindbt 1903..J-J 101
50
1
30
Bay state Gas
'i
Preferred
100
32
Union Sti cliX Chan
Brk C A N 5s 1030. J -J 113% i.14% Binghamton Gas—
Os Bee stock Exch list
.. terred
LOO
GrStANew 1st 5s '06 F-A 104
5s 1938
An 11 Press Aasoe'n.lOO so
93
A-O
96
>w itch a Signal 50
95
109" Boston United Gas bonds Bosto list Ann rioan Soreti
Gr'pt A-Loriruer St 1st Os 100
100
Preferred
..
Kings Co. Elevated—
10
Anier Shipbuilding. ..100
com.. ion
Buffalo City Gas stocklOO
38
Union
1st 4s 1949 See stock Kxch list
red
1st 5s bonds
79
100
81
Preferred
loo
97
Nassau Eleo pref
loo
83
85
ihieagoGaa See N v s-ik Exch list
Am Soda I'.. 1111 com. 100
2d pr. ferred
3
5s 1044
A-O 113 114
1st preferred
s
ion
.100
Cincinnati Gas a- 1:0 clOO 102
Pipe..
cast
100
65
1st 4s 1951
J-J
100
Col Gas LA Ileal coin 100
99
2d preferred
d
L5
NewWb'g&Fllstex4%s 100 L08
loo
100
Preferred
\ im clean Surety
otton Duck
50 175
Stein way 1st Os 1922. J -J U17
1st 5s 1932
100
117%
J-J 8106 k 107% Ani.-r Straw board... 100
Preferred
24%
12
CoUSOl Gas (N J) stk.100
14
ds o1
b !.im elopi com... loo
F-A 100%
OTHER CITIES
loo
1st 5s 1030
J-J
Am Typefo'rs stock. 10(
78
80
ed
.0.
Buffalo Street Ry—
Cousum Gas
City)—
1
Amer Woolen See si.ni.
s G lass common... ion
o
1st consul 5s 1031. .F-A HI 634 118
100
M-N
1st Os 1904
104
Aiuer Writing Papei 100
Preferred
a.o 8105 107
Deb 6s 1017
Detroit City Gas
in lerreu
ia Ri
50
id
I s 1.
IOO
Chicago City Kit stk.100 1^0
100
Detroit Gas See N 5
Exch
.;
5s 1919
68
)-J
Chic Union Tracoom.lOO
12
12% Essex A Hudson Gas loo
Anthracite Coal
loo
70
50
s.
Preferred
100
Wayne
atioii
50^ Fort
is
(Did)—
Barney A- sin Car
DSS
100
Cleveland City By.
1st Os 1925
51
.100
J-J
48
100
Preferred
Cleve City 1st 6s 1909. J-J
100
Grand Rapids Gas—
Bliss lompanj com
I'M 1. lied
60 L30
Cleveland Electr Ry.100
1st 5s 1915
F-A ].n \ 105%
\,n oal
sa
terred
Con 58 1013
1..M-S
M
Hartford (Ct) Gas L...25
48
A Mori Glial
LOO
Columbus iO) St By.. 100 "i5:14" "4'fi' Hudson Co Gas
loo
ugli Air Brake
28
SO
Brit'l) 'iilionliia loppi
13
5
14
loo 100
Preferred
103
1»1
101
'elllllolil CO
.100
02
Ill"
6e R L949
100
Coluiu Ry con os See Phi Ha list
Indiana Nal A 111 Gas
Worthing Pump pret.lOo
Cent Fireworks com. loo
18
Crosst'wn 1st 5s 33.J-TJ
1st
Os
loos
LIS
M.N
ion
55
60
Preferred
i Buyer pays accrued interest.
1 Price per share.
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
5
100
sti el
in
list
.
1'4
IMd
Ii
si
78
Emp A Baj Stale Tel 101
eleg A Telep Bee B ostoll
4 7
100
l-iauklin
I
Total bonds...
I
Pn lined
list
Telephone
Telegi Willi"
i.iunieicial
'. limit r I'n
I-
Eli ctrlc
1
Exch
l^'
A l'..lo
5a L909-29
,
Cu
98
Bt*k
-
1
;
1
.
al.un
a
'
0..
iieirii •!•
1
.11 Inn
Col bin
1
1
6s L946..
Ann-i losi
'
I
1
1
Teles'
107. 7 15
LOO
111
...
.a^
Joseph Gas 8a L937.J-J
PaulGas ien 5s' im 8
00
..!> .^IlH k.
1st
Ion
is
SeeH
1
Western Q
2,381,300
001.700.000
14411,000
.v
Nal
L926
I11.IC1.11
st
si
$13. r.oo
$14,500
51,000
19,150,500
$13,500
bond s
i.ooo
\
us Qas
1
A
,
BONDS
Govei uinent bond
audiuis.
a
II
'
M
Not
i.
1
1926
6s
111. 122,615
245.027.:<07
8402,065.300 $700,007,075 $83,828,794,225 $10774158,037
1,025
$130,575
$1,000
101,443
shares, pat
i
1900
1901
Stocks No. share
llli.
+
U'M
I
l'l i.\
.1
lo.ooo
3,009,000
.
.1
.
Madison
ii-t
1)4,600
162,600
-
ii
Salt
Aeir York Stock
hi change
Lalay'eGaslst 6s'24.M-N
WabV 1st 6s'25 D
New
"i
2,103,000
lo3
N VStk
See
N'ewark (.a- 6s r.u
Newark Consol Gas
$
000
$1,513,500
2 913.000
048,900
4.401,4 13 S 102.01
Total
Bunas
1st 8h
69, 121.600
60,(
1.302
i.i;
fi
1
Bunds
ttilue
To
Thursday
Bank
IC,
BtaU
.v<
Bunds
A'oi
ml
1022
Lai leite
i;
410
luj
loo
Gas
Citj
2
.
1
125
135
225
95
350
115
10
1
235
355
7
13
Outside
7 k.
13*8
451-.
100
1
20
<
^7
Exch
1
MN
*
21
29
.
1
10
55
I
1
1
13
1
1
.;
130
M
lisl
140
38
so
114
10
L60
90
02
130
128
40
29
92
150
L32
10
12
B%
i
1
'
1
04
24%
43%
27
92
14
;
.i
92%
105
L67
119
90
121
(
1
.
i-
05
340
207
.
200
List.
I
I
140
165
;
Mk
]
1
1
>
14o
230
40
245
41
6
20 H
68
695
Exch
21k
7n
705
list
(
.
115
7o
ID)
1
I
LOS
8101
L02
13
~i
-
i-
75
110
5
1
•
1
1
1
40
70
j
00
11
,
:
110
1
;
1
,
-
-
:
01
(..I
1
.
1
1
.
-
Lxch
11
'.i
.
15
(
1
i
.
(
1
-
(
1
.
1-
.
1
1
21
115
<
118
THE CHRONICLE.
1102
Boston, Philadelphia and Baltimore Stock Exchanges
Hbare Prices— Not Per Centum Price*.
Monday,
iaturday,
Nov. 10
Nov. 18.
seo
ios
360
ieo
•84
250
346
193
198*
193
160* 159*
•182
80
260
165
846
103
169
164
150
•132
H2*
3«*
78*
P6*
Wednesday Thursday,
Tuesday,
Nov. 19.
Nov. 20.
Nov. 21.
360* 360
960
166
•359
166
•845
845
198
108 108* 192
15H* 150* 159
169
•188
•188
•182
81
80* 70* "si* 80* 81
5H* •65* 56
•55*
•55* 56
144
144
144
144* 144W •144
360
360
167
845
193
169
•186
165
•345
168
186
145
193
159
189
183*
•143
72* 78
83 18-16 4*
78*
73
2»*
144
144
24
1-
72*
15-18
199*
18'*
81*
30* 16- li- 89 11-16 V
88* 29 8-16 SS* 30 0-16 as* as* 89 5-1
27*
27* 87* 27* 87* 27*
87*
SI* 51* 51*
51
51
51
51
106* 10614 104* 105* 103*106* 102*
•9i*
»i
01* 01
01* 91* 08
3'* 81* 31* 3i* 81*
30* 3•15* 16
16
16
16* IB* •16*
89
5-1 e
95
s«k
95
88%
32*
82* 82*
87« 88*
32*
•81
•81
05
05
05
8 T«
•21
84
17*
63*
11*
68
48*
ac*
71*
38
23
63* 68*
•47*
48
SI
21*
71* 71*
*%
a*
«H
2*
4
•90
•00
*H
•81* 88
»••• DIM*
865
885
365
2
00
a
3
5
8
•
6
71
30
38
18
•1*K
71
78
'
INACTIVE STOCKS
70
78
no sale wac made.
"
Pref
"
inds Street
"
50
ulttle aohuylk.
Maine Central. (Bost) 100
AlnehUI 4 8 H. (Phil) 50
50
Nnquehon'g Y. "
50
HOrthPenn.... "
Pere Marqu'te.(Bost)100
" 10C
Pref.
Phil Germ a H.(PhU) 50
"
60
Phlla. Traotlon
....
Rys Co General! "
Rutland pref ..(Bost)lOO
(Phll)lOO
United N J
35
OnPow4 Trans
West Bnd pref. (Bost) 60
West Jer A 8 8. (Phil) 50
60
WestNY4Pa. "
Wit Cent, new.(Bost)100
"
100
Pref
crNashAR. " 100
•
Mlnlng(Bost)
Jtmer.Cement.(Phll)
Am Gold Dredgt Bost)
(Phil)
-mer. I. 4 S
• •
• s
"
10
"
10
" ..
ret
Domln Coal pf. (Bost) 100
Dom Iron & S.tf "
Kaston Con EL (Phil) 60
Edison El 111. .(Boat) 100
ElecCoolAmn (Phil) 60
25
23* 29
18* 14
13* 14*
Bid.
•
••••
f
s s • • •
Phlla Co
.
PlantersComp!
yutnoy Mining.
saeea.
Rhode Isl Mln..
• • 4 • t
8anta Ysabel
G
Seattle E:eotrio
Pref...,
(
NBGas4C
100*
37*
«
•»
•
«••••
• •
114
114*
14
152
8*
•30
31
41
130
21*
4*
S
Am BeilTel4s..l908
4*
6*
2*
•
••«•
Bonds— ttoslon.
6
80
7
1
1*
40*
46
•7
'47*
•*»•••
100
6«
1*
1*
38*
• t « »
940
8*
• • »
>
K C F SAMoon 6s.'28MAN
•
KC4M
M
1
2*
35
80
16
93*
Bid.
i
99* *9*
93
Jll4
4 85
I 62
3110
4
t-6
63
ho.
{100
84
1
{101
ioe'
i
{110
-109
>109
105
t
{100
{110
{ill
{137
§135
{100
{100
{105
(114
{194
in
{
18
.
108*
63
AAO
1907 AAO
5
i
97*
98
.
110
Fundg 5S.1916 MAN 120 191
Bxohange 3*s.l930J4J 109* 110
BaltAPlst6sml 1911AAO
1st 6s tunnel 191 1.. JAJ
119
Bal Trao lst5s.l929MAN 117
Ext 4 Imp 6s.l901M48
•• •
IIMi
• •
No BaltDI v 5s. 1 942 J4D 120
Conv'rtlble5sl906M4N 100
Central Ry 6s.. .1912 J4J
205
69
50
25
25
25
5s. ...1933
MAN
117
180
Ext A Imp 5S.1932M4S 118* 130
Chas City Ry 1st 5s '2SJ AJ 101* 107*
93
1939J4D
Ga 4Alalstpf5sl045A4O
GaCarANlst5s g. 1929JAJ
GeorglaPlst5-6s 1922J4J
GaSoAFla 1st 5s. 1945 JAJ
KnoxvTrao lst5s '38 AAO
Lake R El lstgu5s'42MAS
MaoonANlst 4*s '90 MAS
Maryland Brewing 6s ....
Met8t(Wash)lst5s'25FA
New Orl Gas 1st 5s... Ya:
114
114*
111" 111*
88*
Oot.
20
Oot.
Jan.
80
Hi*
532 113*
1,754 151
69 880
6,034 15*
eso 15*
615 58
2,186 28*
1,010 40
1,935 32
4.69.1
20
4,057 62*
180
4*
7,951
0,588
100
1
9
90
158
1
27*
8,462 24*
8,371
4*
251
24*
2,541 113
2,454 30*
1,348 23*
17,480 10*
40
137
50
54
66
July
June
Nov. 31
212* Apr. 90
129* June 18
34* June 19
June 18
91
9* Jan.
19
Mar.
4
*
159* June 9
180
183
880
July 10
May 99
Mar.
Oct.
Jan.
Nov.
85* July 10
3S* Apr. 18
Feb.
76
May
53
Oct.
Jan.
Oct.
09
Aug. 3
Ooi 15
79*
7*
8*
Nov.
Nov.
18
Feb.
Jan.
99
148
Jan.
8
Apr. 18
Jan.
9
Feb.
Feb. 13
Jan.
2
U
Apr. 19
5
38* Mar.
Nov.
8* Feb
July
128*
48* Nov. 14
30
17
55
75
July
Jan.
Jan.
Jan.
Mar 80
Apr. 18
Aug. 91
80* Sept. 17
1-18 25 5-16
Bid. ate.
M48 116* 117*
98*.
•
• •
eat
U5*
Atl City 1st £sg..'19 MAf.
Balls Ter 1st 5s. 1928 J Ar
112
98
BergAEBrewlst6s'21J4J
Cambrlalron 8s.l917J4.
Ches4DCanlst5s.'16JA
ChocAMem stSil 94 6 JAJ
ChooOkAG gen 5s'19J*J
115* 116
111* 11a*
191*
Bond*— Philadelphia
AlleVyEext7sl910AAn 192
Asphalt Co 5s tr otfsl940
42* 42*
Cit's'8t
Bdlson Eieo 5s stk tr otfs
Blec4 Peop's Tr stk tr otf
BlmAWUm 1st Ss.'lO JA.
t
Inoome 5s... .2862 A4C
Hq UlGas-L Istg5s.l92e
Hestonv M 4 F oon 5s. '24
H4 B Top oon 5s.'25 A fcC
Ry
4s. .1982
Lehigh Nav 4*s. .'14 Q-J
RR4sg,
1914 Q-i
Gen M4*sg.. 1924 Q-l
Leh VC'llst5sg.'33JAJ
LehYalext4s..l948JAL
7s.
1910 MAr
1923 JAD
JAD
Annuity 6s
Nat Asphalt 5s. 1951. JAJ
'48
New'k Con Gas 5s
J AD
Newark Pass oon 5s.l93C
NYPhllANorlst4s '39JAJ
Inoome 4s... 1039 MAN
118
58
Ry (Ind)oon 5s.'3S
1
••••
•••Ml
97
117
107
97*
108*
87*
111*
110
120
2d
No Penn
1st 4s.. '36
GenM7s
MAN
1903J&J
..1910 Yai
Consol 6s 0.... 1905 Ya:
Consol 5s r.,..1919 Yai
r.
Penn A Md Steel oon 6s.
Pa 4 N Y Can 7s..'06 J4L
A40
A40
1939
1939
ist5s.'l 7
196* 127*
18*
106
19*
107*
••••••
104
81
106*
180
118J,
116*
i'0'9*
95
Ma:
'•HI
• •
•••
99*
MA
PhAEr gen M 5g.'20 AAO 12C*
Gen M 4s g.. 1920 AAO 10s*
Ph A Read 3d 5s.'S3 A40 130
M 7s.. 1011 JAD
M 6s g... 1911 J4D
Consol
rap
130
121
A4C
M4s g.'47
Con Mof
115
120
•
Sept.
115
Kit I
109
109*
80. Bound 1st 5s '41. AAO
83* 85
UnEl LAPlst4*s'29MAN
UnRyAEllst4s'40.MAg 0** 95
79
73*
Inoome 4s 1949..,. JAn
Yirg Mid 1st 6s. 1 906 MAS 107
9
Jan.
WestVaC4Plst6g.'llJ4J
W114 Weld 5s.. 1935 J4.'
Con
86
13
June 20
41
Oct.
Sept. 13
Feb.
Jan.
People's Tr tr oerts ii.'4;
Phlla Eleo gold trust otf*
Trust oertfs 4s
PotomVallst5s.l941J4J 109
8eoAvTn(Pltts)5s'34J4D 118
Sav Fla 4 West 5s '34A40 114
Seaboard A L 4s 1950....
85*
8eab A Roan 5s. 1926 JAJ 114
6
31* June 11
34* May »
Mar.
08*
99
Fund debt,2-3s. 1991 JAJ
WestNCoon6s.l914J4J 120
Penn Steel
101
101
106
I
106
BONDS
Cons 5s
Cons 4s
110
1
90* May
Baltimore— Conclu'd.
Ya (State) 3s new.'32JAJ
"61* 58
116*
121*
121*
116* 117*
5th series Ss.1926
45
06
Oct.
Oct.
Jan.
Oct.
d21
Penn gen 6s
Series
5s 1026.... JAJ
Series B 5s 1028.... J4J
Pitt Un Trao 5».1997 J4J
2d series 8s. .1911 MAS
3d series 6s.. 1918 MAS
4th ser 3-4-5S.1931M48
Apr.
39* May
*July
*Apr.
139
114* 116
99
100
118
137
Lis
A
83* Nov.
59* May
Consol 8s
,..A40
Clty48ub lst5s.l922JAD 1*18* 117*
93
95
Clty48ub(Wash)lst5»'48
135
ColAGrnvlst5-6.19l7JAJ 123
Consol Gas 6s.. 1010 JAD 118* 114*
2d 7s 1910
24
May
81
Apr. 96
12* Jan.
35 5-18Ncv32
32 3-16Jan.25 40* June 17
19 Jan.
4
81
Nov. 99
0* Jan. 81 30* June 9
24* Jan. 31 54* Sept. 90
78* Jan. 4 139* May %
82 Jan.
I
99 May 1
24* June 10 87 Jan. 9
15 Oot. 10 18* Mar. 99
9** Jan. 8 09 Apr. 98
Indianapolis
110
119
107
31
81
77*
13*
88*
16
17
9S
June 19
Apr. »
Colum St Ry 1st oon 5s.'3'.
ConTraoof NJ 1st 5s. .'3;
Del AB Bk 1st 7s.'05 FAA
BastAA 1st M 5s.'20 M A>
115
Norfolk St 1st 5s '44. JAJ
NorthCent 4*s. 1925A40
JAJ
8s 1904
82
24
Apr.
July
Apr.
Apr.
148
1
toe's
ii'i'
28*
6,120
Aak
{108
{110
latmort6s.. ..1905 J4J {107
Rutland 1st 8s. .'02 MAN {102*
Rut-Can 1st 4s 1949 JAJ 1101
Seat EleclstSsl980FAA 1104* 10:*
Torrlngton 1st 5s 1018,
West Bnd St 5». .'02 MAN I .... 102
5s
87*
45
139
50
.
N YAN Eng lst7s.'05 J AJ
Consol
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
128
378
740
,.100
50
50
NewpNAOPlst5s'38MAN ios"
100
90
{107
{115
{105
1118
{ 80
88
..
I....
1108
1st 5s.. 1937 I 62
{103
Tele 5a.' 18
6s
May
143*
34 5-18 2113-16
ChasRyGAB15s'99MAB 92
2* CharlC4Aext5s.l909J4J 114
56* 60
102*
Cnst'p'd 1st 6s.'S3 AAO
Ulln Steel oonv Ss.'lO J4J
Debenture 5t. 101 3 AAO
KCCA Slst5sg.'25 A40
K C Ft SAG 1st 7».'08 J4D
•
89
94
118
W
88*
97'
Adjustment g 4s.. 1905
Boston Term'l 3*s 1947
Bos Un Gas 1st 5s '39 J 4J
1039 J4J
2dM5s
Bnr4 Mo Rtv ex'pt 6s. J4J
Noc-ezempt 6s. '18 J4J
Sink fund 4s.. 1010 J4J
Cent Vt 1st 4s 10 3O..Q-F
Ch Bur AQ «».1022 F<sA
IowaDiv 4S.1010 A40
Chioago Juno 5a. 1915 J4J
ChANo M gu5a. 31M&N
Chi 4
M gen 5s.'31 J4D
Curr't Rlv 1st 5s.'37 AAO
D G R 4 1st 4s.'46 AAO
Domln Coal lst6s.'13M&8
Zsat'a istM6sg.'06M48
Fr ElkAM Y 1st 6s '33 end
2*
6
1)7
28
285
15*
"'2*
.
"
Bait
83
50
85
25
W
130
34
a
83
88
8*
.
6
26
37
(Boston)
BaltCPaslst5s.l011M4N 109
1»4
10
J4J
.
Bait Beit 1st 5S.1990MAN
ATA8Fgeng4s.'05AAO U03
.
40
07
9
4
S.( Phil)
Westm rel Coal "
Mlnlngt
Bost)
Winona
Wolverine Mln. "
I
.
•50
50
"
Warwick
48
140
.
18
158
4
103*
5
26
25
UnCopL4M'g "
UnElL4Powpf (Bait) 50
United Fruit (Bost) .100
US Mining.... - 25
" 4-85
Utah Mining..
teas
4 Mfg
1914MA6
4*1
Deb 4s
1916 MAN
Bonds— Baltimore.
Anacostla 4 Pot
5s
Atl 4 Cb 1st 7».1907 JAJ
AtlG-Llghtlst5sl917JAD
Atl Coast L otfs 5s .J AD
"84*
47*
,
Pref
\
"87*'
%
*
Tidewater St. (Phil) 10
5*
11C* Ill* Torrlngton"A"(Bost) 25
280
10
ill*
Tamarack Mln. (Bost) 25 885
• • • • e
e*
6*
5*
100
50
Bost) 100
"
25
"
95
"
5
"
100
"
100
8!.. (Phil)
(Phlla.)
BONDS
Ask.
New Eng
60
50
Pref.
4
United Gas Improvement 1.. (Phlla.)...
United Shoe Machinery
(Boston),.,.
Preferred
....
United 8tates OH
"
....
181
PennBleoVeh.(Phll) 50
....
T.
Boston— Concluded.
NewBng congen5s'45J4J
N E Cot Yarn 5s 1929FAA
5
Franklin Min'g. (Bost) 25
16
18* £ CM A B 1st 4s.. '34 MAS
General Eleot..
" 100 282
263
Inoome 5s
" 100
Pret
Ry4B 5s. '29 AAO
" 100
Ind-Egyp Com
4* K C 8t Jo 4 C B 7s.'07 J4J
Int Bat
Rock&F
8 lst7s.'05 J4j
& 8 " 10
1
L
1*
Int8P&DynAm(Phil) 50
t%
Mar H 4 Ont 6s... 25 A40
Inly Boyalei;..(Bost) 25
24
24*j Mex Cent 4s g.. 1011 J4J
Maanfao Bub.. (Phil) 50
1st con ino 3s g non-oum
Pref...
»
60
9d con Ino 3s non-oum..
H
47
29
29
25
25
95
ParrottS114Cop(Bost) 10
Pennsyl 8alt.
Pennsyl Steele
Pref!
"
.
•46
49 WelsbaohCo
•70
70 73
71* Westlngh. Bleotrto
•
•77
78
78
Preferred
b72 15-16 78 3-16
a 84 8-16 «4 15-18
B.(Phll)
01 d Col Mining. (Bost)
Osceola Mining. "
Palmetto Co.... (Phil)
I
Alkali
Preferred, $10 paid
American Sugar Refining
July
100
6,045
..,,100
....100
(Phlla.).... 50
365
190
348
300
163
185
Jan.
338
"
(Boston). ...100
Preferred!
"
100
Anier. Telephone 4 Tel. Co..
"
....100
665 Calumet 4 Hecla
"
.... 25
28
Camb.Bteel, «13V« oatd reots.f Phila.l .... 60
17* Centennial Mining
(Boston) ... 25
88* ConHolldated Oa»
(Bait.) ....100
24
Consol. Lake Superior
(Phlla.) ....100
69
"
Preferred
.,..100
48* Dominion Coal
(Boston).... 100
agjg Brie Telephone
"
,...100
78 Lehigh Coal 4 Navigation. (Phlla.).... 50
"
4* Marsaen Co!
,..,100
"
1* National Asphalt 1
.... 50
"
3* Preferred!
.... 60
00 New Eng. Cotton Yarn, pref. ( Boston) .,,,100
133 New England Telephone
"
,...100
27* Old Dominion Copper 1
"
...
25
,
a* Philadelphia Bleo.! 5 paid.. ( Phlla. 1,
26
Trinity Mining
(Boston!
26
47
Uiatuti
150* Jan.
)
"
* American
117* 119
47*
NewI3avI4
280
Basque
10
DeLong H <fe K
Diam State St..
5*
36
117
. .
.
DanvBe8semer(PMi) )*
2'
"dBrew asstpdf Bait, 100
"
100
Pref., asst.pd
Jnnranthaier (Bost) 100
"
»t Telephone
10
NewBngGs*Cl " ....
88
67
07
133*
172
803
170
64*
• • t
107*
90
MISCHLL.—Concluded.
170
26
10
50
AmPneumServiisost) 50
"
50
Pref
"
25
arcadian
"
25
Arnold Mining.
"
25
Atlantic Min'g.
"
25
Baltic Mining..
(Phil) 60
leth Steel
Boston Bleo Lt.( Bost) 100
nam bria Iron. (Phil) 50
Camb SDrexel reot " ....
JantonCo
(Bait) 100
Central Oil
(Bost) 95
ConMerour gold •'
8
Cumb Tel & Tel " 100
Daly- West Mln
20
••••<
78
76*
4*
1*
3*
22.
••*••«
MISCELLANEOUS.
Mlo-o.es
71*
23
STOCKS-BON D8
Bid. Ask.
.
50
60
100
14*
78
Amer.Roilwajs(Phtl)- 50
44*
AM 4 Charlotte (Bait) 100 160
Bos 4 Maine pf.(Bost)100 170
"
100 301
ioston 4 Prov
jonnAPassum " 100 160
"
100 970
Oonn River..,.
28*
3onsolTrPltts!(Phll) 50
"
63*
50
Pref!
da South 4 Fla.(Balt)100 48
"
100
07*
lit pref
"
100
77*
3d pref
tt'rmant'n Pass(Phil) 50
"
20
18
•71* 72
RAILRO ADS.—Prices Nov.
M4T
20
13*
46*
26* 27*
5
9*
5
80
62*
23
88
183
133
86* 36*
*
•17
K*
00*
8
90*
25*
47*
83* 24*
76
76*
4* 4*
1* 1*
181
I
665
47
3
00
665
85* 25*
17* i*: Ti61* es
22* 22*
!..
Preferred!
118* 130* 119* 190* ls'c'x 124*
116
116
115* 115* 116
115* 116
167* 157 157* 157 157* 157T<158
665
251
)
(
83
*
M
(
22* Amer. Agrlonl. Chemical
lia
36*
•Bid and asked priest
Hestonv
*
*
Lowest.
Boston A A bany
(Boston)
100
894
Boston Elevated, full paid..
"
....100
125
Boston A Lowell
"
....100
6
Boston 4 Maine
"
265
....100
Chlo. Juno. 4 Dn.Btook Yds.
*•
....100
260
Preferred
"
....100
96
Choo. Okla. * O. trust oerta. (Phlla. >. ... 50 13,739
Preferred Tr. oertfs
"
010
.... 50
Fltohburg, pref
01
Boston .... 1 00
Lehigh Valley
(Phlla.) .... 50 19,068
Massachusetts Elect, Cos. 1.(Boston)..,.100
1,860
"
Preferred !
....100
1,293
Mexican Central
"
50
....100
Northern Central
65
,. (Bait.) .... 50
Old Colony
6
(Boston)... .100
Pennsylvania
2,481
(Phlla.).... 50
"
Reading Company
.... 50 856 202
"
6.531)
1st preferred
.... 50
"
53,009
2d preferred
.... 50
Seaboard Air Line
3,135
(Bait.) ,.,.100
8,4110
"
Preferred
....100
,
Union Paolflo
Boston .... 100 12,783
"
186
Preferred
....100
Union Traction, 817* paid. (Phlla.)..,, 50 57,888
487
United By 4 Hleo. Oo
(Bait.) ,,,, 50
986
West Bnd Street50
(Boston)
Miscellaneous stocks.
Amalgamated Copperl
(Boston) .... 100
87
86
•31
•81
88
117
20
13
104* 105*
85* 81*
22*
25* 25* 25*
17* 17* •17* 18
•81* 6'*
81* 61*
28
83
22* 22*
68
68* 68
68
48* 48* 48* 48*
83
25
»8* *8*
71* 72* 7-;* 75*
4* 4*
'"{* '*2*
1
1*
6*
27*
•21
81
28*3
35* o88* 25* 96
96
lie* 115* 115* 1]
117
47
47* 47* 47
47* 47* 47
89
13
78
71*
5
26
117
47* 48
72
83
15*
83
183* 134
138 133*
86* 85* 25* 86
8* 6*
26* 26*
'
48*
01* 98
31* 35* 32* 88*
ltJi 16* •16* If*
•34
95
05
04*
*
4
01
4
25* 26*
•
83
68
8«
4
91
•188
80
13
17*
83*
27* 27*
51* 51*
31*
88* 87
83
e
87*
61* •51* 51*
104* 108% 104
01
91
01*
•3'
119
118 in* 117*
lis*
115* 116
115* 116
167
167* 157 1B7* 187
660
660
665
655 360
86
25*
3«* 36* 26
3t*
27*
86* 87*
au*
•31
74 8-18 74*
d
80* 30* 40 1-16
29*
*0* 30
C
24-* 30 7-1
•04*
05
119
17« 17*
72* 73*
b
34* 24*
31* 30*
Range of Sales in 1801.
Railroad Mtoeks.
159
80
82
56
145
Bales
of the
Week.
Shares
1
186
•68* 56
144* 144*
35* 85* 35* 35* 35* 85% 35* 39*
84* 35* 84* 86*
36
86
36* 89* 36* •36* 86*
36* 36* •86
%* 36*
«•»*
04
04
94*
9«* 94* 04
04* 04* 04* 94
•91
38
2a* •21* 3M* •21* 32
38
83
24* •22
•101
106
•101*
102* 102* 104 106 •104 105
•808
•308
308 910
208* anw •808
8C8 809
56*
Dailv and Yearly Record.
f Indicates unlisted.
260* 960
160
—A
ACTIVE STOCKS.
Friday,
Nov. 22.
102*
[Vol. LXXI1I.
'82 4s.'37
J4J
195
Terminal 5s g.1041 Q-t
PWU ABalt4s.l917A4L
Coliat trust 4s. 1921
J4J
Read Co gen
4s, 1997 J4.I
Rochester Ry oon 5s.l03i
SohRESidelstos g'35J 4L
99
'»9M
111"
SoranTraolst8s'32MAN
UnTraoPlttsgen5s'97JA,'
Welsbaohs f 5s 103O.JAD
(And interest.
•«
74
• •
78
•Prloe includes overdue eoupo
November
THE CHRONICLK.
23, 1901.]
Inuestmeut ami Railroad
1103
$tttelligcuce,
RAILROAD EARNINGS
from which
onthlj
regul u
The followine table shows the gross earnings of every Steam railroad
latest
the
for
arnings
columns
figures
give
th
of
two
first
ca n be obtained. The
week or month.
ooiunuis the earnings for the period from Jul) I to and inoluding Buoh latest
nth,
•
The returns of
Notice
ww
street
9r0U
Latent
ROAIis
I
Month
teptembei
Adirondack
J.l wk Nov
tbi Ut Southern. J une
Ill MillllUKl
AluNOA- Texas Pao Juno
54,218
7
No
1
,062
100,922
Eaat. Ootober. ..
Vicksb'g October...
Vioksb Bb & P. Ootober. ..
10.5,333
Ala*
July
timings
Current
Year
Week
or
NO &
railway* are brought together separately on
Change— Our yearly totals now all date from July
93,945
to
^^^_
Latent (irons In,
KUADS
Year
$
59,122
917,651
1,021,923
18,308
46,235
76,894
auoaequeni page
1.
Latent I'ate
Current
Previous
Year
Month
O.l/-
1
*
Mo 1'acA IronMi
J.i
Central Branch
Total
2.1
wk Nov
wk Nov
716,000
20,000
736.0O0
M w i Nov
Mob Jack A K 0. Wk Nov
624,007 Mobile A Ohlo.r lotober
Mont A- Mei Oull Ootober
26
.V:
W
828,898
305.759
69 i. ins
23,683
1
260
629,175
1,
I
Year
ear
564,600
133,(16
.1-2,202
Ith
wkOot
October
September
Septembet
2d wl( Nov
Northern Central Septembei
North'n Paolflo. a 1st wk Nov
I
1
1
.
682,000
566,800
108,660
2, O12,7o(i
72.
..2 Hi
2,61 1,881
7,483
63.158
5.9 1.8
2.31 1
September
.
1
713,253
October
1
1
23. on..
3,796
•
Nash Oh A 81 "•
Nev-Oal-Ore ....
16,038 Nevada Central.
1,716,803 12,340,446 N V O St Hud Riv
231, KIO n y out .v West.
245,9
20 1,3(13
165.039 \ y Buaq & Weal
702, 172 Norfolk 4 Uesl'i
740,689
1,718,096
90,330
250.150
28,688
)
V
*
54,662
782,704
949,651
61 1,488
177,54
86,782
93,5 IS
30,071
5,193
.1 ill
Week
or
Year
1
86.435
2d wk Nov
7,333
September
!•'<. September 5,012,230 1,389,554
AtohTop & 3
231.460
2
15,957
Atlanta & CUar.. July
40,383
56,890
No. October..
Atl Knoxv
47,085
Illll"
49,656
Pt.
Atlanta .V
September 605,065 658, till)
Atl Coast Line
20,(17
23,051
Atl Vald & West. 0( tuber.
12,830
20,422
Austin A North* May
6,855
8,45 2
Bait .* Ann S L.. September
Ann Arbor
Ann Wash
1
<i
i
and Uu
6,915,319
490,768
22 1, OS
334,760
761,019
I
490
2,61
2,97(1
1,210 26,33"
1,60
878.61
.,,91
1,3..,
!
731,548
163,049
29 1.397
626,519
727,007
2,1
.,] 13
6,02
10,570 1,898,070
3,463 13,10,
951,338
70,144
A Little
156,004 Ohio
1(1,12
48,207
16,991
16,428
September
Kanawha
24,975
519,(123
5.410 1,041
399. 02
Pacific Coast Co. August...
Ohio....
Bait &
4,583,533 1,240,392 17,399,112 L5,595,110 Paolflo Mail
Ootober.
April
85,475 355. -(,7 2,513,761 3,308
Bouthw. <
23,937,495 1,430,
345,1112 I'enn-EastPAE. September 7,927,439 7,2;;
393,875
Bangor a- Aroosl September 150,158 128,977
In,
foe so 5,000
9,415
West!' &B... September
8,596
3,705
3,030
Bath A 1 urn uioi Sopteiuber
.771
5.19,071
47,384
50,298
11,372 Penn & Northw'n April
19,760
3,504
5,591
Belletonte Cent'l October,
3,(170.579 3,2(19.7o7
153,140
107,628
wk
Nov
^d
Marquette
11,020
Pere
12,887
3,321
3,359
Brtil «t 4 Baoo u. September
1,108
September (175,33 1 502,898 1,9- 1, -:;:
138,062 102, 293 2,607,629 2,261,816 I'hlla A Brie...
But! Rooh A Pitt* 2.1 wk Nov
3,056,095 3,027,
1,006,590
963,090
September
B..
Wilm
&
20i
I, (179
I'liila
157,136
60,853
74,158
Butlalo ASusq... September
1,975,938 1,(19 1,225 7,282,108 6,319.(159
St, L October
Burl t' Bap A N< Ith wk Oct 184,335 161,091 1,971,059 1,810,629 Pittsb CC &
377.527
197,707
445,268
223,173
August
West'n.
A
11,814,471
Pittsb
00t)
14.456,030
623,000
802,
wk
Nov
id
Canadian Paciti.
201
284,575
155,217 106,2 13
Tol August.
A
Pittsb
CI
2,707,778
2,910,726
183,110
143,750
2.1
wk
Nov
Cent'l of Georgia
119,372
100,710
62,353
54,335
August
F..
Pa&
24
1,995
Pittsb
219,648
53,008
58,964
October.
Sent'lN'ow Eng..
08,409 1,613,629 1,403,490
69,331
1st wk Nov
system...
Total
8,
5
5,157,668
-a
5,967,059
1,02
1,543,880
Ootober.
Jersey
ent'lofN
2,021,773 1,836,607 3,866,067 8,570,262 Plant System—
Central Paolflo.. August..
Ala Midland.
24,430
24,002
2,403
2,386
Cent'l Pa A West June
Bruna A Wn. October.. /•679.708 /668,256 ^2,428,948 /•2.343.951
41,831
36,9 57
1,604
2,085
Chattan South' u. 2d wk Nov
Chas A Sav..
2d wk Nov 314,762 299,049 6,504,618 5,975,426
Chesap & Ohio
Fla <fe
3,251,065
Sav
847,800 800,193 3,328,770
ChlcA Alton Ry. October
SilSOc&G.
Chio Burl A- Quin September 4,970,334 4,772,00-1 11,130,790 13,225,020
Chlo A E Illinois 2d wk Nov 124,804 110,118 2,292,636 2,078,910 Reading Co.—
Phil & Read.... September 2,461,900 2,362,124 7,295,832 7,069,420
Chi Gt Western. 2d wk Nov 144,014 131,540 3,039,996 2,744,412
Coal Air Co.... September 2,304,213 2,712,918 6,621,702 7,275,15.)
1,486,612
1,711,723
71,994
88,635
1st wk Nov
Chiolnd AL'v
both Co's.. September 4,766,113 5,075,042 13,917,531 L 4,344,570
Tot
16,492,805
18,065,850
844,230
Nov
945,273
Chlo Milw & 8t P 2d wk
226.067
250,268
75,551
82,439
Fr'ksb
& P . September
Rioh
15,690,264
17,005,901
4,184,225
October..
4,546,105
Chio & North
159,214
160,605
58,781
56,425
September
Grande
Jet..
Rio
L
Chlo Peo A St > October..
453,168 Rio Grande So... 2d wk Nov
218.916
487.297
135,810 132,879
225,056
12.697
13,083
&StP$
StLCh
459,447 507,100 1,870,147 1,778,000
Chic RI & Pao... September 2,703,337 2,460,515 8,490,868 7,360,419 Rio Gr'de West.. October
495,620
576,o93
September
& O. September 1,083,581 1,080.907 3,050,139 2,788,6395 Rutland
Chio St P
488,839
524,538
140,160 126)8*9*6
October. ..
536,2
St Jos AGrl
598,472
29,774
26,891
Chic Term Tr RR 2d wk Nov
43,529
57,990
13,139
20,760
October. ..
Choc Okl A Gulf. 2d wk Nov '109,900 "85,140 •2,257,209 1,471,095 StLKen'et&So. Septernt'er
27,180
58,743
9,008
17.070
Ark
79,448 2,052,495 1,819.240 St
Oln N O & T Pao. 2d wk Nov 102,163
6,885,942
San Fran g 2d wk Nov 451,492 376,190 8.1 62.; 19
ClClnChA 8tL. 2d wk Nov 372,917 370,008 7,496,168 6,745,139 St
2d wk Nov 105,094 166,419 2,7-3,143 2,611,466
864,664 St L Southwest
980,619
47,301
49,929
Peoria A East' 2d wk Nov
736.-37
688,801
201,779 181,137
717,537 StLVan ATH.. October
927,562
259,147 186,106
Clev Lor A Wheel October..
628,599
San Ant & A P... September 231,401
97,882
Colorado A South 2d wk Nov 115,720
406,655
448,271
98,815
119,413
P.. October.
39,180 Sau Fran
39,386
13,903
14,817
Col Newb & Lau. September
AnSan
Pedro
Los
406.436
497,891
21,650
wk
Nov
25,234
2d
Col Sand A Hock
1,964
3,164
geles & Salt L. 3d wk Oct
73,575
102,526
17.830
29,646
Cornwall ALeb.. September
327,392
335,865
17,290
17,904
291,415 SFe PresAPk... 1st wk Nov
307,168
Cumberl d Val:ej September 112,856 108,148
/-2.-128.948 '2,343,951
668,256
/679.76S f
Denver A Rio Gi 2d wk Nov 234,400 233,100 4,790,525 4,590,599 Sav Fla & West.. October
424,096 Seaboard Air L... 2d wk Nov 227,507 203,487 4,239,640 3,870,833
481,144
25,633
25,280
Detroit Southern. 2d wk Nov
89,511
29,2171
86,873
28,089
218,182 So C A Ga Ext... October.
202,300
65,300
69,857
Det A Mackinac. September
31,(109
27,246
15,605
12,570
45,779
41,818 1,002,407 1,042.597 So Haven & East. September
DolSoSh AAtl.. il wk Nov
130,561
215,778
35,250
53.885
October..
49,718 Southern lnd
53,320
11,935
13,57b
E 8t L & Carond. October. ..
72.500
77,348
19,259
20.294
September 3,561,644 3,118,901 10,914.991 9,818,181 So Miss * Ark ... October.
Erie
135,811 So Pacific Cot... "eptembei 7,087,319 0,367,271 20,902.770 18,092,2-7
131,142
6,842
5,967
Evansv & Indian 2d wk Nov
156,001
250,150
20,122
12,830
554,727
AuHtin A No' n. May
580,103
26,336
27,269
Evansv& TH.. 2.1 wk Nov
11,0(111,068
19,373
19,373
luly
30,009
Carson A Col
33,038
September
9,610
9,635
A
Find Ft
AUgU8t... 2,021,773 1.836,607 3,866,0(17 3,570,262
470,161
Cent Pacific
515,268
FtWADenvClty September 164,824 103,071
1,948
1,943
2,828
2,828
Direct Nav Co July
424,344
415,766
September 148,250 174,390
Georgia RR
963,564
579.59.1
477,370 1,139.551
399,207
Gal liar A S A. August...
419,333
36.519
35,919
Ga South & Fla. 1th wk Oct
17
54,302
65,7
35,795
27,807
91,223
Gal Hous <te No August...
24,410
80,644
28,501
Gila Val G A N. September
18.504
10,027
28,477
14,701
GulfW. T. <te P. August...
Gr Trunk System 2d wk Nov 564,652 531,697 11,198,557 10,(197,651
108,413
13
1,571
(19.(191
53,367
HOUB.E & VT. August...
Gr Tr A West'n 1th wk Oct 106,788 117,001 1,446,389 1,345,171
19,994
30,866
17,175
11,882
Hous. Ai Shrev. August...
379,853
393,198
31,035
40,875
Det Gr HAM.. 4th wk Oct
640.078
808,41
421,315 311,132
Houa&Tex Cen August...
Great North'n—
2.15.1
2.15(1
3,938
Iberia ifeVerm'n July
October.
3,347,031 2,325,735 10,722,179 8,221,104
8t P Minn &
21 '.1, 139
285,507
111,654
147,7 5 s
AUlfUSt...
Louis'a West.
East'nof Minn. October... 663,374 505,006 2,189.210 1,040,334
640.812 551,240 1,228,000 1,050,468
Morgan's (i >V T August...
716,142
645,838
Montana Cent'l October... 153,003 192,526
27. O90
17.937
17. 957
27,090
NewMexA Ariz July
4.163,408 3.023,327 13,557,227 10,577,580
Total system October.
50.132
56,140
30.557
18,722
N
.. August...
94.102 2,013,687 1,814.984
Hocking Valley.. 2d wk Nov 102,388
360.117
496,752
250,003
187,093
Tex&NOrl.... August...
040,073
808,414
421,315 344,432
Hous & Tex Cent August..
229.168
o,013
280.013 229,168
Ore & Calit'or'a July
Ootober.
3,706,679 3,414,924 13,690,888 12,040.156
Illinois Central
45,082
44,538
45,082
•liny
44,538
Sonora Ry
43,153
46,748
11,199
11,449
Illinois Southern October.
9-. 177
99.015
98,477
99.015
So Pao Coast.. July
55,928
59,098
59,698
55,928
Ind Deo A West'n July
..290
August... 1,892,706 1,534,792 3,647,161
291,449
So Pac of Cat
415,706
Iud 111 A Iowa... September 143.302 104,354
251,250
653,454
346,781
So Pac of Ariz. August...
Int A Gt North'n 2d wk Nov 111,815 129,780 1,871,572 1,821.684
295,096
119, 59
386,530
203,713
August
So Pac of N
Interoo(Mex).... wk Nov.
68,200
73,900 1,280,400 1,345,130
857,555 Southern Rallw'\ 2.1 wk Nov 743,637 703.359 14.025,492 13.279.72
14,149
Iowa Central
2d wk Nov
49,146
37,920
503,172
575,071
157,207 15 1,025
17,820 TerreH & Ind .. October. ..
Iron Railway
26,508
October
4,300
7,047
184,600
00,2 19
202,556
55,280
325,887 Terre H & Peor. October.
395.135
Kanawha A Mich 2d -tfk Nov
22,414
10,159
21-... 1231,992
21,439
17.942
Kan City South'n September 414,837 300,072 1,182,737 1,075,883 Texas Central .. 1 Bt wk Nov
167
3,732.
4,112.6(19
262.251
262,332
wk
Nov
Texas
Pacific.
&
147,844
2d
Lehigh A Hudson October...
136,060
33,224
31,721
17.000
1(1.!
49,700
17.500
October. ..
.
Lehigh Val RR. September 2,030,902 2,034,485 7,193,195 6,378,510 Tex S V & N
97.
51.09" 1,128,513
59,4'
Leh Val Coal Co. September 1,578,351 1,956,99" 4,782,685 5,474,718 Tol <fe Ohio Cent 2d wk Nov
439,029
430,896
22,047
20,361
West ... lstwk Nov
90,972 Tol
Lexing A East'n September
101,329
34.103
27,294
824. o75
991,878
47,512
48,870
227.811 Tol St LAW.... 2.1 wk Nov
Lou Hen AStL. October
241,729
00,435
01,502
129.123
181,641
35,440
54,7f"
Louisv A Nashv. 2d wk Nov 644,100 585,415 11,231,133 10,148,125 Tor Ham & Butt October. ..
36,385 Union Pac RR
Macon A Hit m
Ootober.
40.184
15,002
11,075
September 1,2 10,815 1,034,849 12,313.102 11,539,113
Oreg RR <te N
32,248
Manistique..
October.
2.770
4,001
25,403
Oreg Sh Llue.
{Mexican Centra) 2d wk Nov 345,612 304,509 6,116,531 6,119,517
(1,793. 70
373,515 3:17,316 7.45!
2 wk Nov
Mexican Intern'l September 1(16,222 435,428 1,415,996 1,254,527 Wabaah
1.431,039
Jersey & Sea'e September 365,808 351,008 1,49
IMexioan Nat'l.. 2d wk Nov 145.599 133,242 2,675,063 2,743,755
286.546
309,588
95,338
V CenA Pitt.. •eptember 102,167
576,079
Mexican North'n May..
596.50(1
43,892
50,240
1,745
,088
54,045
57,832
June
Wk Nov. 2
{Mexican Ry
85,200
70,000 1,402,500 1,442,800 Western of Ala
321.171
286,643 1,230,073 1,030,384
247,220 Wheel A LE... October.
Mexican South'] 4th wk Oct
259. 15S
24,931
20,871
94,52"
2,324,916 2,090.392
110,000
Minueap A St L. 2d wk Nov
75,359
02,108 1,397,320 1,239,283 Wisconsin Cent 2.1 wk Nov
40
29,05
17,022
MStP A 8 StM. 2d wk Nov 183,865 95,996 2.453,380 1,080,239 Wrightav A T'n Septembei 6711,643
1.759.751
1.858 1,97
1.192
Mo Kan * Texa- .'(1 wk Nov! 381,589 352,600 6,727.360 5.80-1,024 Yazoo A Miss V Ootober.
1
Bin
1
1
(
1
1
~|
{
W
i
Wn
M
1
LAN
LA
.
AN
.
.
.
W
W
1
M
.
.
.
YT&Mex
.
M
-i
1
.
1
W
PA
.
1
W
W
I
1
Mexican mrrency
* Figures from
October 1 are for the railroad only,
§ Covers results on lines directly operated east of Pittsburg.
olncludea Paducah A Memphis Division from July 1 in both years.
»__«-i»-«i»-«-«-*«H
ur
>«
f«P«fW».
olnoludes the Houston A Texas Central and its subsidiary Hues. Earnings ol the Cromwell Steamship Line, no previouslyhot
at
Duluth
tor
\
.ml
A
SI
1
yearnow also Included.
c Results ou Montgomery Division are included in both
'iu.-eni.ures
mi; not for last >e»r.
e Includes results on Slier. Shrev. A Southern, Mo Midland and San Antonio extension for tbi* 3 ear.
Silver Spruifa o< aiaat uuu.
are the results on the Ala. Midland, Brunswick A Western, Charleston A Savannah, Savannah Fla. 4 W M u and
Mamphla and Ft, Worth A Kio uranae.
g These figures iuolude, besides the St. Louis & Sau Franoisoo proper, the Kau. City Pt. Soott
t
..
-
I
>
1
vV.
.
THE CHROMCLK.
1104
Totals for Fiscal Year.
1st
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.
week
of
[Vol. LXXIII.
November.
Roads.
Period.
Ourrent
Previous
Tear.
Year.
1 to
1 to
lto
1 to
lto
lto
lto
Jan. lto
Cumberland Valley....
Duluth Smith Sho. A Atlantic Jan. lto
.
East
bonis
A
Carondelet. Jan.
Jan.
Gila Valley Globe A North'n. Jan.
International A Gt. North'n. Jan.
Lehigh Valley RR
Deo.
Lehigh Valley Coal
Deo.
Manlstlque
Jan.
Mexican Central
Jan.
Mexican International
Jan.
Mexican National
Jan.
Mexican Railway
Jan.
Mexican Southern
Apr.
Missouri Paolflo
Jan.
Central Branch
Jan.
Total
Jan.
Monterey A Mexican Gulf.... Jan,
Rorthern Central
Jan.
Paolflo Mall
May
Pennsylvania, East of P. A E. Jan.
Westof P.AE
Jan.
Pennsylvania A Northwes'n. Jan,
Pere Marquette
Jan.
Philadelphia A Erie
Jan.
Phila. Wllm'g'n A Baltimore. Nov.
Clnoln.
Ohio.
Pitts.
A St. L... Jan.
Rio Grande J unction
Deo.
St. L. Vandalia A Terre H.... Nov.
South Haven A Eastern
Jan.
South. Missouri A Arkansas.. Jan.
Terre Haute A Indianapolis.. Nov.
Terre Haute A Peoria
Nov.
Texas A Paolflo
Jan.
West Jersey A 8eashore.
Jan.
Ft.
St.
744,799
891,249
42,257
35,341
Oct. 31 4,327,005 4.048.323
Oct 31 14.060 677: 12,047.259
Oct 31 20,919.002 19,384,436
Sept 30 14,815,127 12,917,697
Sept. 30 7,874,686 7,290,360
214,022
164,815
Nov. 14
802,575
758,321
Sept 30
Nov. 14 2,230,931 2,284,884
132.290
131,040
Oct 31
Sept. 30 1,536,099 1,198,854
284.030
255,192
Sept. 30
Nov. 14 4.264,907 3,636,706
22
669,083
20,588,168
Sept. 30
Sept 30 17,503,680 15,817.050
84,236
96,441
Oct 31
Nov. 14 14.983,017 15,099.492
Sept 30 4.346,134 3,926,553
Nov. 14 6,601,540 6,203,981
Nor. 2 3,607,000 8,803,700
507 271
495,911
Oct. 26
Nov. 14 30,350,958 26,297,196
Nov. 14 1,174,437 1,187,811
Nov. 14 31.724,333 27,665.037
Oct. 31 1,165,353 1,168,741
Sept. 30 6,061,364 5,698,064
Apr. 30 3,071,166 8,817,620
Sept 80 68,768,106 62,251,906
Inc. 3,5 32,000
Sept 30
225,526
227,045
Apr. 30
Nov. 14 7,934.245 7,113,552
4,969,44s
4,203,617
Sept. 30
Sept 30 10,734,368 10,377,468
Oot 31 17,033.165 15,703,174
443,471
460,795
Sept. 30
Oct. 31 2.046,570 1,943,526
52,188
51.767
Sept. 30
153.709
180,824
Oot 31
Oct 31 1,590,016 1,620,016
558,488
495,087
Oct 31
Nov. 14 9,674,383 7,781,639
Sept 30 2,987,691 2,832,191
July 31
lto Oct 31
lto
Worth A Denver City
to
to
to
to
to
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
lto
1 to
lto
Latest Gross Earnings by Weeks.— In the table which
we sum up separately the earnings for the latest
week. The table covers the second week of November and
shows 11 "18 per cent increase in the aggregate over the same
week last year.
follows
2d week of November.
Alabama Gt. Southern..
Buffalo Roch.
& Pittsb'g
1901.
$
54,218
36.432
138,662
802,000
183,110
2,085
314,762
124.804
144,014
945,273
29,774
109,990
102,163
372,917
49,929
115,720
25,234
234,40(
25,633
45.779
5,967
26,336
Increase.
1900.
$
9
46,235
30,074
7,983
6,358
36,369
179,000
39.360
481
15,113
14.686
12,474
101,037
2,883
24,850
22,71r
2,909
2,62?
18,338
3,584
1,300
102,1293
623.00d
143.750
1,604
299,649
110,118
131,540
844,236
26,891
85,140
79.448
370,008
47,301
97,382
21,650
233,100
25,280
41,818
6,842
27,269
Decrease.
$
Increase.
9
9
1,128,739
121.280
22,529
3,796
165.193
248,075
17,942
9,143,348
1,818
79,675
78.801
107,046
18,447
2,526
172,722
231,227
21,439
11,014,444
9,857,049
1,207,499
1.157.395
Previously rep'd(47r'ds) 10,233,265
Chattanooga Southern..
1,562
Choo. Okla. A Gulf
104,032
Cin. N. O. A Texas Pao.
96,770
Colorado
& Southern
Col. Sandusky A Hock'g.
Mob. Jackson A K. City
St. Loot* Bon th wester
Seaboard Air Line
Texas Central
Net Increase (11*74
Atlanta A Charlotte Air Line. Apr.
Jan.
Bellefonte Central
Burlington Cedar Rap. A No. Jan.
Jan.
Central of New Jersey
Chicago & North- Western.... Jane
Chicago Rook Island A Pao.. 'Apr.
Ohio. St. P. Minn. A Omaha. Jan.
Choctaw Oklahoma A Gulf Nov.
1900.
..
p.O.I
.
.
.
7,529
16,848
'3,497
50,104
Met Earnings Monthly to Latest Dates.— The following
shows the gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
ncludee every road from which we can get returns of this
character, and in that form is given once a month. Early returns are published fromweek to week, as soon as issued, but
for the convenience of our readers all the roads making returns are brought together here in the week in which we publish our monthly article on net earnings— say about the SOth
of the month. Besides the companies furnishing monthly
returns, we have added this time the roads which make
quarterly returns.
The returns of the street railways we give by themselves
under a separate head at the extreme end ofthesetabulatiens
—see page 1107.
.
Gross Earnings.——.
Net Earrings.
Ourrent
Previous
Ourrent Previous
Tear.
Tear.
Tear,
Roads.
Adlrondao6.au
Sept
July 1 to Sept 30.
Alabama Gt.So'th.aSept
July lto Sept 30...
,
Tear.
9
18,579
18,308
7,529
5.553
59,122
54,562
19,670
14,703
196,820
173,369
58.166
54,790
579,415
164,391
495,538
139,958
Ann'p.W'eh.ABal.aSept
7,333
5,193
3,265
1,821
July 1 to Sept 30....
10.380
23,683
16,038
4,132
Ann Arbor. b
Sept
157,857
56,134
139,006
40,898
July lto Sept 30....
458,161
405,770
158,363
72,243
*.teh.T.A8. Fe.b. Sept 5,012,230 4,389,554 +2,201,795 11,769,103
July lto Sept 30. ...14,716,803 12,340,446 t6,264,322 14,617,910
Atl. Knox. A No.a-Sept
53,977
24,011
11,495
37,718
147,473
July 1 to Sept 30....
124,656
52,926
43,897
Atlantio Coast L. a. Sept.
605,065
658.649
216,572
300,973
July lto Sept 30.... 1,718,096 1,682,202
507,515
601,415
Baltimore A Annapolis
Short Line. a
Sept.
2.853
8,452
6,855
1,686
July lto Sept. 30....
28,688
10.596
24,975
7,642
Bait. <te Ohio. b.I... Oct
4,583,533 4,246,392 1,867,349 1,519,434
July lto Oct 31. ...17,399,112 15,595,110 6,940,185 5,177,996
Bangor A Aroost'hbSept
150,158
70,931
128,977
55,506
July 1 to Sept. 30
393.875
345,612
150,137
123,283
Bath A Hamm'ds.bSept
8,030
1,043
3,705
1,891
July 1 to Sept 30
2,521
4,118
8,596
9,445
Bellefonte CentralbOct
2,059
5,591
3,504
1,275
35,341
14,283
12,253
Jan. 1 to Oct 31....
42,257
Boston
A Albany b—
July lto Sept 30
Boston
2,642,888
2,573,544
1,184.995
958,572
8,680,462
8,368,583
2,870,647
2,812,885
A Maine b—
July lto Sept 30
Boston Rev. B. A LynnJuly 1 to Sept. 30
Bridgt. A Saco R.bSept
July 1 to Sept 30
Bull. R. APittbs.b.Sept
July 1 to Sept. 30
Buflalo A S'sqneh.aSept
July 1 io Sept 30....
Barl.Ced. R. A No. a. Sept
Jan. 1 to Sept 80....
C anadlan Paoln o a. Sept
July lto Sept. 3o
.
—
.
I
9
38,822
256
24,357
1 7,969
14,234
4,082
1,270
175,242
142,504
42,471
962
3,321
3,359
Onloago A East. Illinois
11,020
4.852
12,887
Chioago Great Western
564,318
494,649
257,743
......*.
Chicago Milw. A St. Paul.
797,066
1,718.507 1,471,273
Chioago Term. Transfer.
60,851
37,311
74,158
Choc. Okla. A Gulf
157,136
81,358
200,679
Cin. N. O. A Texas Pao.
• .....•4
Clev. Cin. Ohio. A St. L..
487,666
467,135
175,007
Peoria A Eastern
3,760,432 3,488,987 1,187,897
Colorado & Southern.
3,264,024 2,663,492 1,352,732
Ool. Sandusky A Hoofc'g
9,234,031 7,77 2,645 3,754,231
Denver A Rio Grande.
178,884
648,694
589,843
Cent, of Georgla.a.Sept.
353
472,095
1,757,899 1,669,055
July 1 to Sept. 3o
3,961
Duluth So. Shore A At.
875 Central New Eng.b.Sept
Evansv. & Indianapolis.
62.959
14,141
53,890
933
Evansv. A Terre Haute.
47,136
166,640
186,031
July lto Sept 80....
i
Grand Trunk
633,108
1,543.880 1,028,815
Cent, of N.Jersey. a. Oct.
--• •••
531,697
32,955
Grand Trunk West.. >
564,652
Jan. 1 to Oct. 3i... 14,060,677 12,547.259 6,046,723
Det. Gr. Hav. A Milw.
903 891
Central Paoiflo. b... Aug. 2,021,773 1,836,607
94,102
102,386
8,286
Hocking Valley
3,866,067 3,570,262 1,736*936
July 1 to Aug. 31
17,971
129,786
111,815
Int. & Great Northern..
37,920
11,226
49,146
def 962
2,403
2,386
Central Penn. A W. June
6,255
22,414
16,159
24,430 def. 4,150
Kanawha A Michigan...
24,002
July 1 to June 30
585,415
58,745
644,160
Louisville A Nashville..
8outh.aSept
9,263 def. 3,946
7,255
18,957 Chattan'gato Sept 30
364,569
345,612
25,635
29,159 def. 11.286
1
July
145.59S133,242
12,357
605,005
Chesap. A Ohio. a. .Sept 1,456,058 1,358,602
13.251
62,108
75,359
July 1 to Sept 30.... 4,302,036 3.921,414 1.751,591
183,86=
87,869
Minn. St. P. A 8. Ste. M.
95,996
352,600
28,989
274,015
Mo. Kansas and Texas..
381,589
800,493
847,800
Chioago A Alton. a. Oct
---659,000
57,000
716,000
Mo. Pacific and Iron Mt.
July lto Oot 31.... 3,328,770 3,251,065 1,190,934
23,000
3,000
20,000
Ohio. Burl. A Qnin.bSept 4,970,334 4,772,004 2,024.732
40,363
294,397
334,760
July lto Sept 30.... 14,430,796 13,225,020 5,885,504
153,140
14,488
167,628
225,720
506,071
472,657
Ohio. AEast. Ill.b.. Sept
386
12.697
Rio Grande Southern
13,083
673,566
July 1 to Sept 30.... 1,501,450 l,340,2b8
376,190
75,302
451,492
St Louis & San Fran
166,419
1,325 Ohio. Gt. West'n.b. Oct
165,094
213,423
St. Louis Southwestern..
737,179
698,539
24,02*6
203.487
227,507
865,793
July lto Oct 31.... 2,746,040 2,490,852
703,359
40,278
743,637
177.430
358,233
398,661
Ohlo.Ind.ALonis.a.Sept
81
262,251
262,332
Texas A Paoiflo
509,734
July lto Sept 30.... 1,210,971 1,045.199
51,097
8,376
Toledo A Ohio Central..
59,473
Ohio. M. A St. P.a.-Sept 4,150,493 3,728,461 1,379,563
1,358
47,512
48,870
July lto Sept 30 ...11,696.589 10,543,478 4,191,465
36,199
337,316
Wabash
373,515
15,475
94,525
110,000
Ohio. R.I.APao.adSept 2,703,337 2,460,515 1.106,250
Apr. lto Sept 30. ...14,815,127 12,917,697 5,233,661
43,061
Total (49 roads)
10,209,192 9,182,612 1,069,641
67,143
134,522
122,355
Ohio.Ter.Transf.b.Sept
Net increase (11-18 p. c.)
1,026.580
200,981
357,400
404,056
July lto Sept 30....
153,610
483,768
326,593
Ohootaw Okl.AG.b.Sejt
For the first week of November our final statement covers
Nov. 1 to Sept 30.... 4,672,697 3,050,616 1,757,194
122,344
56 roads, and shows 11-74 per cent increase in the aggregate Cin. N. O. A T. P.a.Sept
391,227
460,801
363,102
over the same week last year.
July lto Sept 30.... 1,380,032 1,228,779
Chattanooga Southern.
Decrease.
'
i
Latest Gross Earnings.
1901.
40,717
def. 1,127
2,016
222,324
618,735
28,710
65,559
169,515
958,108
1,058,700
2,997,550
257,238
539,343
18,009
44,396
238,535
4,826,513
827,360
1,607,762
def.78
def. 1,385
def. 2,581
def. 6.322
578.230
1,666,076
270,544
1,146,050
2,027,755
5,227,726
188,959
521,883
261,070
859,303
149,058
395,491
1,240,989
3,755,249
987,419
4,402,692
62,734
186,871
138,442
1,036,087
110,320
328,294
November
THE CHRONICLK.
88, 1901. J
.
Roads.
Gross Earnings.
Previous
Current
Tear.
Year.
9
9
1,662,528
1,523,837
4,336,420
196,505
539,193
169.802
Net Earnings.
Current Previous
Tear.
9
500,739
9
14.275
49,880
51,261
286,516
351,561
642,281
298,285
624,329
355,873
871,014
174,199
362,552
175,781
351,288
Albany A Susq.b—
July 1 to Sept 30.... 1,258,863 1,140,777
Jan. 1 to Sept 30.... 3,758,107 3,482,488
Del. Lack. A Western b—
July 1 to Sept 30.... 2.388,178 2.098,509
678,822
588,779
1,987,365
1,786,431
it
PeorlaAEast'n a Sept
July 1 to Sept 30....
Olev.Lor. 4 Wheel. a July
CJloi'do
July
A South, b. Sept.
4,1)87,915
218,403
651,707
216,768
446,487
391,463
Sept 30 .. 1,382,173 1,187,484
13,903
Oolum.Newb.A 1.. b.Sept
14,817
39,180
39,386
July l to Sept. 30 ...
17,836
Oornw'll ALeb'n.n.s> pt
29,646
102,526
73,675
July 1 to Sept. 30...
112,856
108,148
Cumberland Val.b.Sept
758,321
802,575
Jan. 1 to Sept 30....
Delaware A HMson Co.—
Renns. A Saratoga b—
793,802
859,512
July 1 to Sept 30....
Jan. 1 to Sept 30... 2,051,774 1,980,713
to
1
N. Y. A Canada b—
July 1 to Sept 30....
Jan. 1 to Sept 30....
348,528
865,822
1,407,545
48,804
148,845
100.822
97,827
336,372
6,871
16,58-1
915,055
2,423,576
132,553
412,140
453,082
94,258
292.207
393,376
1,320,929
17,926
47,551
31,340
92,494
105,172
1,136,818
24,480
76,585
21,641
54,129
80,165
fc90,558
761,238
37,783
119,105
17,788
48,321
15,518
43,597
204,629
180,242
Elmlra A Winiamsport—
274,613
270,623
July lto Sept 30...
Erie. a
Sept 3,561,644 8,118,901
17,043
def. 8,042
62,400
112,980
54,946
810,046
2,934,893
7,316
49,912
2,530
3,253
53,799
272,878
75,936
119,530
27,271
81,502
10,943
48,217
805,422
2,070,738
44,286
114,365
29,199
67,159
156,818
462,894
101,761
167,500
934,883
1,998,148
42,617
108.703
24,437
70,954
221.430
360,072
1,075,883
1,894
6,746
15,551
55,306
116,253
301,215
4,420
11,468
42,100
67,555
165,209
6,632,987
19,361,370
2,966,109
8,080,530
2,958,180
8,002.910
5,511,186
271.531
257,476
710,832
799.321
Dcuv. ARloG'o»-.b.Sept 1,114,163 1,039,251
July 1 to Sept 30.... 3,201,625 3,037,299
69,857
65,300
Detroit A Mack' c... Sept
202,300
218,182
July 1 to Sept 30
94.834
112,201
Detroit Southern bSept
267,906
308,1*8
July 1 to Sept 30....
241,441
221,084
Dul. 8o. Sh.AArl.b.Sept
Jan. 1 to Sept. 30.... 1,909,112 1,968,288
July 1 to Sept 30...
Jan. 1 to Sept 30....
East
A Carond.—
»t. L.
July
1
to
Sept 30
Jan. 1 to Sept. 30....
39,742
118,712
A Lake Ontario
July 1 to Sept 30..
Ehulra
July lto Sept. 30. ...10,914,991
Evans. A Indian. b July
30,365
Evans. A T. H.b.... July
123,222
FlndlayFt.W.A W.b.Aug.
13,021
24.003
July lto Aug. 31....
164,824
Ft.W.A Den. City. bSept
Jan. lto Sept 30 ... 1,536,099
&eor<na.a.
148,250
Sept
415,766
July lto Sept 30....
Ga. South. A Fla.a.Sept
99,226
314,627
July 1 to Sept 30
28,501
611a Val.Globe A No Sept
80.644
July 1 to Sept. 30....
.
Trunk of Can... Sept 2,127,191
6,288,135
July l to Sept 30
413,174
Or. Trunk West. Sept
July lto Sept30.... 1,059,945
Det. Gr. H. A Mil. Sept
88,085
290,535
July lto Sept 30....
Hooking Valley. a.. Sept
453,744
July 1 to Sept 3o
1,341,688
421,315
floust. A Tex. Cent.Aug.
808,414
July 1 to Aug. 31
Illinois Central. a. Sept 3,425,279
July lto Sept 30... 9,984,209
Indiana 111. A la. b. Sept
143.302
415,706
July 1 to Sept. 30....
206,351
Iowa Central b
Sept
589,539
July 1 to Sept 30
Iron Railway b . . Sept
6,130
July lto Sept 30....
18,861
Xanawha A Mloh.a.Sept
91,055
July 1 to Sept 30
257,710
Kan. City 8outh a. Sept
414,837
July lto Sept 30.... 1,182,737
Lake 8h. & Mloh. Bo.b—
July 1 to Sept 30...
7,795.021
Jan. 1 to Sept 30.... 21,485,239
8r.
.
.
.
.
.
.
.
.
. .
Lehigh
1,202,273
9,818,181 3,760,249
25,293
13,083
109.476
51,568
11,907
2,668
20,399
4,222
163,074
50,518
1,198.854
409.839
174,390
44,958
424,344
97,401
291,450
24,416
91,223
2,037,159
5,807,314
337,255
996,192
93,925
281,776
391,055
1,165,030
344,432
640,073
3,112,621
8,631,232
104.354
291,449
204,553
562,670
4,021
13,514
72,581
91,214
28,847
89,395
13,289
37.715
818.562
2,223,063
84,679
131,885
21,899
85,165
185,338
537,463
147,867
246,199
1,007,933
2,980,112
51,686
158,717
40,559
220
A Hudson-
July lto Sept 30....
100,118
48,890
108,413
48,188
Lehigh Val. RR.a..Sept 2,636,902 2,034,485
646,470
239,777
Dec. lto Sept 30. ...22,669,083 20,588,168 4,629,523 3,028,532
Lehigh V.Coal Co.a.Sept 1,578,351 1,956,997 def.90,952 def.52,273
Deo. 1 to Sept 30.. ..17,508,680 15,817,050 df.488,453 df. 71 8, 452
Lexlng'nA East. b.. Sept
34,103
27,294
15,150
9,837
July 1 to Sept 30....
101,329
35,158
41,718
90,972
Long Island RR.bJ—
July lto Sept 30.... 2,106,310 1,851,784
988,613
Lon.Hen.A8t.L.b..Sept
56,093
56,887
12,929
July lto Sept 30....
181.294
166,309
54,106
Louisv.A Nash v.b. Sept 2,446,418 2,215,729
778,595
July lto Sept 30
7,193,448 6,460,246 2,068,764
Maoon & BlrmlngbSept
8,711
25,182
10,187
25,310
July lto Sept 30....
Manhattan Elevated b—
July 1 to Sept 30.... 2,093,276 1,889,600
Oct lto Sept 30.... 9,620,562 9,115,346
Manlstlque.b
Sept
2,491
7,282
Jan. lto Sept 30
81,466
92,380
Mexloan Central.. Sept 1,326,590 1,832,462
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
Mexloan National. .Sept
579,601
624,475
Jan. lto Sept 30.... 5,728,241 5,958,278
Gross Earnings.
Current
Previous
Tear.
Roads.
Mexloan Northern. May
•
43,892
.
.
Ntt Earnings.
Previous
Ourrent
Ytur.
Tear.
*
•
:wi,240
lf>,021
.
Tear.
t
26,096
596,506
2'25,968
576,079
243,963
July 1 to .May 31
306,793
274,449
Minn. A St. Louls.a.Sept
138,408
131.627
910.911
772.133
308,132
326,962
July 1 to Sept 30...
6C6.761
382,984
333,061
M.Ht. P. AS. 8. M.b Sept
164,997
777,311
July 1 to Sept 30.... 1,495,280 1,089,963
406,613
525,876
Mo. Kan.Al'exas.a.Sept. 1,463,101 1,325,661
508,919
July 1 to Sept 30.... 4.100,771 3,412,136 1,156,761 1.061,231
Missouri Pii0lilc....Sept. 3,216,605 2,942,781 1,056,180 1,162,678
Jan. 1 to Sept 3o... .26,724,383 23,104,037 9,556,024 7,519,217
126,044
Mont. A Mex. Gulf. Aug.
130,609
47,785
35,724
232,036
57,621
232,382
58,168
July 1 to Aug. 31....
194,457
Natth.c u.AHt. 1..H ii Sept
626,474
630,235
230,561
674,180
574,209
July 1 to Sept 3o.... 1,898,628 1,888,755
17,356
15,415
9,015
5,803
Nev.-Cal.-Oregon.a.Sept
43,998
37,227
20,544
13,710
July 1 to Sept 30....
2,314
2,970 def.1,695
257
Nevada Central.... 8ept
9,091
8,201 def.5,336
1,021
July 1 to Sept 30...
Newb.D'tohess A Conn.
43,298
41,712
10,483
10,332
July lto Sept 30....
New Jersey ANew York98,919
97,647
38 673
41,871
July 1 to Sept 30.. ..
:
New London Northern1,102,421
2,931,619
Jan. 1 to Sept. 30.... 6,392,978
8yT. Bing. A N. Y.b—
/
Tear.
495,631
1,240,480
74,439
160.382
22,500
93,583
281,244
5,065
14,255
5,770
30,267
55,160
274,240
Cl.Oln.Ohlo.&St.L.a-.
July 1 to Sept 30
1105
def. 1,065
def.4,875
781,146
4,292,012
def.4,299
31,595
330,604
3,435,620
118,175
1,833,832
cl94,036
C2.159.807
816,317
21,587
56,V 33
856,520
2,271,484
1,024
def.1,444
652,890
3,920,034
def. Ill
34,877
337,081
3,915,568
165,276
1,535,217
281,979
2,817,838
July 1 to Sept 30....
259,712
247,267
37,102
48,252
Chic A St. L.b—
402,064
532,944
July lto Sept 30.... 1,905,606 1,805,684
Jan. lto Sept 30.... 5,488,189 5,119,406 1.361,145 1,290,514
N. Y.
N. Y. N. H. A Hartb—
July lto Sept 30.... 11, 207,297 10,389,506 4,010,883 3,759,493
N Y. Ont. AWest.aSept
490,768
378,611
125,312
105,269
525,466
July lto Sept 30.... 1,605,809 1,357,855
465,475
N. Y. A Ottawa30,097
25,885
July lto Sept 30....
3,488 def.17,792
N. Y. A Kockaway B.—
229,017
224,595
150,250
July lto Sept 30....
136,277
N. Y.Sus. AWest.a.Sept
224,084
163.049
107,936
54,307
731,548
583,254
350,327
239.646
July lto Sept 30....
Norfolk A Wesfn.a.Sept 1,456,313 1,366,660
620,829
550,957
July lto Sept 30.... 4,231,432 4,047,137 1,788,424 1,597,754
Northern Central. b.Sept
761,019
626,519
284,913
180,413
Jan. 1 to Sept 30.... 6.061,364 5,698,064 1,725,505 1.545,505
NorthernPaciflcb.Sept 3,825,956 2,965,895 2,008,808 1,538,740
July lto Sept. 30.... 10,460,178 8,468,328 5,307,992 4,151,843
4.462
16,991
16.428
3,87*
Ohio A Little Kana.. Sept
48,207
46,124
15.424
July lto Sept 30...
10,072
Pacific Coast Company -See Miscellaneous Companies.
PennsylvaniaLines dlreotlyoperated
East of Pitts. A E. Sept 7,927,439 7,238,539 3,183,311 2,821,111
Jan. 1 to Sept 30.. ..68,768,106 62,251,906 24,018,607 20,111,307
Ino.
Inc.
West of Pitts. AE. Sept
865,000
371,800
Ino. 3,532,000
Ino. 2,070,500
Jan. lto Sept 3o
834,734
780,682
Pere Marquette. a.. Sept
228,846
223,441
Jan. 1 to Sept 30.... 6,778,951 6,083,132 1,636,521 1,396,152
Phlla. AErie.b.... Sept
675,334
502,898
328,181
185.715
Jan. lto Sept 30... 4,969,448 4,203,617 2,008,707 1,461,804
Phil.Wllm.ABalt.bSept 1.006,590
963,090
367,766
347,766
Nov. lto Sept 30.... 10,734,368 10,377,468 3,378,585 3,211,585
Pitts. O.C.ASt.L.a.Oct
1,975,938 1,694,225
643,922
543,360
Jan. lto Oct. 31.... 17,033,165 18,703,174 4,977,779 4,183,539
432,725
Pitts. A West. Sys.b. Aug.
366,303
184,850
129,915
July lto Aug. 31...
836,583
698,092
343,712
256,409
Reading Company—
Phlla.ARead'g.b.Sept 2,461,900 2,362,124
July 1 to Sept 30.... 7,295,832 7,069,420
Coal A Iron Co. b. Sept 2,304,213 2,712,918
July lto Sept 30.... 6,621,702 7,275,150
Total both Co.'s.b Sept 4,766,113 5,075,042
July 1 to Sept 30. ...13,917,534 14,344,570
Reading Co. b
Sept
July 1 to Sept 30
Total all Comp's.b Sept
July 1 to Sept 80
Slch. Fred. A Pot. .Sept
82,439
75,551
July lto Sept 30...
250,268
226,067
Rio Grande Junot.. Sept
86,428
88,781
Deo. 1 to sept 30....
460,795
443,471
Rio Grande South, b Sept
46,593
47,678
July lto Sept 30....
143,819
141,418
Rio Grande West.b.May
436,658
368,056
July 1 to
May
31.... 4,458,680
4,055,242
900,984
873,507
2,678,267 2,602,339
267,965
201.143
481,467
401,365
1,168,949 1,074,650
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
31,610
29,634
93,755
87,660
f 16,927
f 17,634
f 138, 238
f 133,041
17,779
21,785
64,931
60,557
164,075
120,116
1,516,029 1,593,128
RutlandJuly lto Sept 30....
238,002
493,620
182,070
576,093
St. Jos.AGd. Isl.a.Sept
133,314
30,969
116,122
63,646
July 1 to Sept 30....
129,358
361,943
142,909
384,372
BtLouls&N.Ark.bSept
6,340
9,008
4,549
17,070
July lto Sept 30...
27,180
27,844
r>8,743
13,293
StLoulsASanP.bkSept 1,811,489 1,542.410
817,885
698,274
July 1 to Sept 30.... 5,257,593 4,385,917 2,868,738 1,849.253
6174,705
St.LoulsSo'west.b.Sept
551,417
6210,154
609,195
July lto Sept 30.... 1,678,112 1,500,619
§824,883
$499,002
St. Louis Vand. A T. H.—
201,278
July 1 to Sept 30....
507,664
173,592
585,058
San Ant.AAran.P... Sept
82,362
231,461
188,937
July 1 to Sept. 30....
628,599
San Ft. A N. Pao.a.Oot
56,655
98,815
48,670
119,413
July 1 to Oot 31....
406,655
200,636
448,271
189,905
8antaFePres.APh.Sept
71,794
41,536
79.424
35,848
226,599
121,623
July lto Sept 30....
236,373
117,968
Sav.Fla.A West.b/Oct
668,256
215,874
201,679
679,768
628.080
July lto Oct. 31.... 2,428,948 2,343,951
652,441
Seaboard Air Line aSept
846,301
312,383
914,549
127,980
881,100
July lto Sept 30.... 2,710,037 2.461,736
404,701
19,259
South. Mo. A Ark.bOct
20,294
8,794
7,051
153,709
180,824
74,216
Jan. lto Oct 31...
56,771
lSouthernPaolflo.a.Sept 7,087,319 6,367.271 2,558,317 2,496.666
July lto Sept 30. ...20,902,770 18,092,287 7,809,051 6,420,272
579,596
477,370
Gal.Har.A8anA.bAug.
190,447
86,317
July lto Aug. 31.... 1,139,551
963,564
326,109
149,381
THE CHROJNJCLE.
1106
Broil Earning!.
Current Previout
Roa&t.
Southern Pao. (Concl.)
Tear.
•
GulfW. T.&Pao.bAug.
July 1 to Aug. 81....
nonBt.E.&W.T.b.Aug.
July 1 to Aug. 31....
Hous.&Tex.Oen.bAug.
14,701
28,477
69,691
134,571
421,315
July 1 to Aug. 31....
>
,
Net Earningi.—*
Previoui
Current
Year.
Year.
$
$
•
880
3,528
10,027
def.86
18,504
4,070
8,946
53, 307
18,165
25,369
108,413
31,634
101.761
344,432
147,867
246,199
167,500
640,073
4,273
11,882
4,990
6,824
19,994
7,182
32,717
61,956
111,6^4
61,813
219,139
119,068
176.332
216,410
551,240
304,219
405,250
1,050,468
10,793
4,519
18,722
9,369
36,432
20,184
77,801
59,808
187,093
113,186
148,817
360,417
114,487
190,450
264,250
337,835
244,299
525,850
619,386
822,402
1,534,792
2.989,290 1,628,145 1,245,202
83,377
130,287
149,894
166,749
245,815
295,096
8.0C0.478 1,065,479 1,061,382
8,527,182 2,727,965 2,609,271
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
c Of the balance here given there was charged ofl for repairs,
replacements and general expenses In September $32,720, leaving
161,316 applicable to Interest on bonds. From January 1 to Sept.
f there was charged ofl for this purpose $338,164, leaving a
balance of $1,821,643. These figures are in Mexican currency, and are
convertible Into gold at the current rate of exchange.
d Gross earnings include other income.
f Thirty per oent of gross earnings.
1 These figures include Houston & Texas Central and its subsidiary
lines and the Cromwell Steamship Line.
It These figures inolude ia both years results on Kansas City Fort
Scott & Memphis RR. and Fort Worth & Rio Grande RR.
n Includes Paducah & Memphis Division from July 1 In both years.
t For September, 1901, taxes »ud rentals amounted to $168,190,
against $159,464, after deducting which 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 wbioh net was $5,755,814, against $4,130,233.
1 Includes New York & Rookaway Beach in both years.
§ Net earnings are after allowing for expenditures for betterments.
* These figures inolude, besides the old Savannah Florida & Western,
the Alabama Midland, Brunswlok <fc Western. Oharleston & Savannah
and Silver Springs Ocala & Gulf, all of which have now been consolidated. For last year the earnings of these separate roads are oorubined
for purposes of comparison.
Miscellaneous Companies.
arots Earning t.
Net Earningi.
—
.
>
Current
Year.
Oompaniet.
Blnghamton Gas. ..Sept
May lto Sept 30
Buffalo Gas Co. ... Sept
Oct lto Sept. 30
Oonsol.GasCo..N.J.Sept
July 1 to Sept 30
$
Current
Year.
Year.
$
$
Denver Gas AEleo.Apr
Mar. 1 to Apr. 30
Detroit City Gas.... Aug
Jan. 1 to Aug. 31...
Gas & Eleetric Co. of
Bergen County.. Sept
Junel
Sept 30....
Gd. Rap. Gas-L.Co.Sept
Jan. 1 to Sept 30
Jackson Gas-L. Co. Sept
Mar. 1 to Sept 30
Knickerbocker Ice Company (Chic.)
Sept
to
25,699
92,080
.
Previout
20,731
72,961
,
Year.
808,414
17,475
July 1 to Aug. 31....
30,866
Louisiana West.b.Aug.
147,758
July 1 to Aug. 31....
285,507
M'g'n'BLa.&Tex.bAug.
640,812
July 1 to Aug. 31.... 1,228.000
30,557
K. Y. Tex. & M.b.Aug.
56,140
July lto Aug. 31....
Texas & N. Orl. b. Aug.
250.603
496,752
July 1 to Aug. 31....
846,781
8o. Pao. ot Ariz. b. Aug.
653,454
July lto Aug. 31....
80. Pao. of Oal.b.Aug. 1,892,706
July lto Aug. 31.... 3,647,164
203,713
80. Pao. of N. M.b.Aug.
886,530
July lto Aug. 31....
Southern Railw'y.aSept 3,071,684
July lto Sept. a0 .. 9,024,081
Terre H. & Indianapolis.—
177,004
178,155
417,865
409,146
July 1 to Sept. 30....
Terre Haute & Peoria—
14,525
26.645
147,276
124,351
July lto Sept 30....
27,973
50,293
52,117
19.028
Texas Central. a.... Sept.
45,945
113,564
45,778
130,702
July lto Sept 30....
55,424
247,770
210,413
58,128
Toledo AO.Cent.a. Sept
205,874
173,986
764,112
647,106
July lto Sept 30....
34,149
110,481
108,265
34,438
ToLPeorlaA West.. .Oct
123,489
124,085
410,535
416,983
July lto Oct 31....
Ulster & Delaware243,334
217,821
98,948
100,719
July lto Sept 30....
a.Sept 4,240,815 4,054,849 2,048,941 1,822,770
Dillon Pacific
July lto Sept. 30.. ..12,813.102 11,539,118 5,875,165 5,095,665
565,485
533,651
Sept 1,661,284 1,615,569
Wabash. b
July lto Sept 30.... 4,900,004 4,492,992 1,514,149 1,361,183
365,808
351,008
96,202
97,502
W. Jersey &8eash.bSept
879,057
859,757
Jan. lto Sept. 30.... 2,987,691 2,832.191
102,167
95,388
32,153
42,297
W. Va. C. & Pltts.b.Sept
111,153
125,119
309,588
286,546
July lto Sept 30....
51,944
44,431
OoalDepartm'tb.Sept
112,475
155,739
July 1 to Sept 30
5,513
9,718
Keal Est. Depth. Sept.
23,191
20,130
July 1 to Sept 30
Sept
82,097
103,959
Total. b
246,819
300,988
July 1 to Sept. 30
309,892
255,884
112,866
88,419
Wheel. & L.Erie.... Sept
908,602
743,741
290,370
260,091
July lto Sept. 30...
492,319
470,931
184,207
183,307
Wisconsin Central b Sept
603,311
528,005
July 1 to Sept 30.... 1,569,948 1,412,054
11,643
17,022
3,888
9,010
Wrightsv.A Tenn.bSept
29,058
40,388
7,174
14,910
July lto Sept 30....
464,710
432,570
74,960
142,895
Yazoo &MiS8.Val.a.Sept
182,794
266,567
July 1 to Sept 30.... 1,304,078 1,105,893
Houst.&Shreve.bAug.
[Vol. LXXIII.
—
3,271
13,025
31,189
303,939
13,771
62,034
12,957
40,662
28,746
823,680
Previout
Year.
$
3,179
11,868
23,127
288,389
12.060
65,918
24,533
55,734
20.822
312,511
13,039
42,645
16,186
126,438
3,129
16,771
8,339
28,078
15,649
119,652
2,341
13,934
43,590
48,109
Oompaniet.
Laolede Gas L't Co. Sept
Jan. 1 to 8cpt 30
Lowell Eleo.Lt Co. Sept
July 1 to Sept 30....
Madison Gas&Elec.Sept
Apr. 1 to Sept 30
Mexican Telephone. Sept
Mar. 1 to Sept 30...
Paoiflc Coast Co..aAug.
July 1 to Aug. 31....
St. Joseph Gas L.oo. Sept
July 1 to Sept 30
St.PaulGas-Lt.Co..Sept
Jan. lto Sept 30
Western Gas Co.—
Milw'ee Gas-L. Co. Sept
Jan. lto Sept 80
Qrott Earnings.
Current
Previout
..
Net Earningi.——
Current
Previout
Year.
Year.
Year.
9
9
$
13,832
40,135
13,687
40,276
18,119
15,660
122,660
106,480
399,024
519,623
855,410 1,045,495
Year.
$
87,787
721.377
4,337
11,088
4,724
28,819
8,168
54,125
80,933
195,343
5,164
13,264
27,446
219,969
81,416
676,611
2.834
9,976
4,348
24,090
6,028
46,662
144,831
284,433
5,325
14,972
23,705
198,591
48,786
381,911
384,760
46,941
Interest Charges and Surplus.— The following roads, In
addition to their gross and net earnings given in the fore •
going, also report charges for interest, &c, with the surplus
above or deficit below those charges.
Int., rental!, etc.
—Bat. of NetEarn't.^
Current Previoui
Current Previout
.
Roadt.
Boston Rev. B. & LynnJuly 1 to Sept 30....
Cent. New England. Sept
July 1 to Sept 30....
Ohio.
Burl.&Qulnoj Sept
July lto Sept 30....
Ohio.
&
E. Illinois.. Sept
July lto Sept 30....
Isl.APac.Sept
Ohio. R.
Apr. 1 to Sept 30....
Oboo. Okla. & Gulf .Sept
Nov. lto Sept. 30...
Jlev.Cin.Ch.&St.L.Sept
July lto Sept. 30....
Peoria & Eastern. Sept
July 1 to Sept 30....
Olev.Lor'n & Wheel. July
.
Year.
Year.
Year.
Year.
$
8
f
$
'38.171
14,176
14,457
13,103
12,622
1.038
38,961
37,477
8,175
800.000
797,260 1,224,732
2,400,000 2,391,781 3,435,504
*101,764
128,786
180.604
394,019
*334,011
392,470
319,000
316.997
787.250
1,914,000 1,901,982 3,319,661
52,465
43,560
101,145
540,851
455,964 1,216,343
234,729
249,094
266,010
704,531
729,841
793,014
33,689
33,750
14,515
101,065
101,250
47,780
28,117
28,117
72,705
*80,656
5,387
6,919
1,230,495
2,835,945
•64,031
*197,457
670,422
2,500,710
94,88?
680.18 3
246,537
510,689
40,689
89,132
def.5,617
& Hudson—
& Saratoga-
Delaware
Renss.
July 1 to Sept 30....
309,351
Jan. 1 to Sept 30....
927,119
N. Y. & CanadaJuly lto Sept 30....
93,227
Jan. lto Sept 30...
280,426
Albany & Susqueh.
816,591
July lto Sept 30....
945,874
Jan. 1 to Sept 30....
Del. Lack. & West.—
July lto Sept 30....
618,318
Jan. lto Sept 30.... 1,856,301
Syr. Bing. & N.Y.July 1 to Sept. 30....
44,905
134,715
Jan. lto Sept 30....
Jen. AR. Granae...Sept
206,333
611,538
July lto Sept. 30....
26,500
Detroit Southern... Sept
79,500
July lto Sept. 30....
to Sept 30....
Williamsport—
July lto Sept 30....
Sept
Hooking Valley
July lto Sept 30....
Sept
(nd. m. & Iowa
July
July
July
8h.
82,907
72,668
310,268
927,855
362,231
1,041,491
278,511
857,576
605,329
1,811,636
1,075,318
484,103
309,726
611,940
44,905
134,715
203,956
613,011
87,648
277,425
1246,935
1741,943
4,840
12,994
49,353
157,492
188,434
1552,688
1
12,141
9,692
4,902
17,784
44,428
74.018
217,917
24,964
72,854
11,125
82,868
43,417
81,548
227,585
21.508
63,869
10,631
31,907
17,972
'122,699
*348,361
26,722
85,863
'4,913
'24,063
11,529
'76,450
'243,241
21,109
44,834
*1,404
-11,893
i
to Sept. 30....
1 to Sept. 30....
&
:
Mich. 8o.—
979,920
to Sept 30....
Jan. 1 to Sept. 30.... 2,847,797
July
80.972
82,126
&
ianawha&Mioh.. Sept
Lake
92,874
278,620
& Lake Ontario-
Elmira
Elmira
306,812
42,210 def.8,527
919,207 df 284,838 df.294,878
)
Lehigh & HudsonJuly 1 to Sept. 30....
34,032
1,047,571 '2,291,109 '2,178,180
2.901,358*6,055,530*5,512,910
34,616
14,156
14,274
Long Island RR.—
'576,830
*408,401
506,914
491,566
July 1 to Sept 30....
Manhattan Elevated'218,328
632,351
626,924 *340,083
July 1 to Sept 30-...
Oct lto Sept. 30.... 2,683,132 2,688,644*2,444,189*2,066,777
304,276
289,303
221,600
219,616
Mo. Kan. & Texas.. Sept
911,704
867,893
245,057
193,338
July lto Sept. 30....
Sashv. Chat.&St.L.Sept
July lto Sept. 30 ...
Nev.-Cal.«Oregon...Sept
July lto Sept 30...
New Jersey & New YorkJuly 1 to Sept 30....
152,509
457,530
2,250
6,750
160,325
483,977
2,500
7,500
41,948
116,679
6,765
13,794
70,236
190,203
3,303
6,210
15,450
14,861
*23,227
*26,512
63,992
64,722 def.22,644 def.12,506
New London NorthernJuly 1 to Sept 30....
N. Y. Chic.
& St. Louis-
318,621
I to Sept 30....
933,863
Jan. lto Sept 30....
N. Y. N. H. & Hartford.—
July lto Sept 30.... 2,036,452
July
299,896
903,519
*89,277
*446,373
*238,575
*401,843
2,012,835 *2.043,199 *1,790,681
N. Y. & Rcckaway B.—
July 1 to Sept 30....
Norfolk 4 West'n... Sept
July 1 to Sept 30....
Pere Marquette.... Sept
*133,400
17,080
17,914
192,161
187,650
428,668
576,485
562,950 1,211,939
98,527
125,319
112.024
987.040
636,901
Jan. I to Sept. 80.... 1,099,620
328,871
315.051
342,377
Pl'lts.C. C. & St. L.Oct
Jan. 1 to Oct 31.... 3,357,803 3,134,663 1,619,970
118,363
363,807
1,034,804
111,417
409.112
200,983
1,048,876
Reading862,000
All companies.... Sept
July 1 to Sept 30.... 2,586,000
7,708
Rio Grande Junot'n. Sept
77,083
Deo. lto Sept 30....
790,980
2,372,939
7,708
77,083
385,071
813,066
9,219
61,155
304,218
698,019
9,928
55,956
November
J
THE CHRONICLE
88, 1901.]
.
Roads.
Rio Grande South.. Sept.
July 1 to Sept SO....
Rio Grand.' Wivt.. May
July 1 to May 31
Int., rentals, ete.
Current
Previous
Year.
Year.
.
,-Bal.ofNet Earn's.—
Current
Precious
Year.
Year.
9
I
17,883
54,426
74,861
764,6t0
19,311
55,028
51,030
788,654
def.1.532
*
3,952
9.903
113,045
727.375
45,255
828,408
6,131
Rutland—
•104,976
139,514
133,845
22,219
8,750
8,750
Bt. Job. & Or. iHl'.L.Sept
103,108
20.260
26,250
July 1 to Sept 30....
'436.717
400,979
379,564
8t. L. & San Fran.. s.-pL
July 1 to Sept 30.... 1,172,503 1,127,992 i,iis,96a
22,771
22,8(3
33.884
San Fran. ANo.Pao. Oct
109,652
91,084
91,452
July 1 to Oct 31
4,746
4.048
South. Mo. & Ark... Oct
43.718
30,498
Jan. 1 to Oct 31 .
490,850
Southern Paoino...Sept u2, 146,465
1,672,023
July 1 to Sept 30... a6,412,554
•18,262
34,680
40,030
Toledo & Ohio den. .Sept
•87,230
119,750
101,551
July 1 to Sept 80
23,050
22,748
11,388
Xoi Peo. <fc West. ..Oct
31,882
92.203
91,020
July 1 to Oct 31...
Ulster & Delaware•61,648
39.261
38,828
July 1 to Sept 30
25.733
25,535
56,562
W. Va. Cen.A Pltts.lSept
170,321
77,233
76,498
July 1 to Sept 30
•51,046
139,131
135,732
Wisconsin Central.. Sept
•188,244
406,901
431,005
July 1 to Sept 30....
July
1 to
Sept 30...
'
. .
'52,241
54,896
116,659
*841,108
•749,318
20,707
98,453
•20,940
'72,648
11,401
32,469
•62,116
78.226
223,755
•48,801
•124,397
After allowing for other Income reoeived.
t Includes operations of railroads and ooal and real estate department*.
1 These figures are after making deduotlons for Dleoount and ExAfter deduotlng $10,000 for Renewal Fund and Bond
change.
Conversion in Sept., 1901, and $15,000 In Sept., 1900, the surplus
for the month Is $236,935, against $173,434 a year ago. From July 1
to Sept SO, 1901, the deduotlons for this purpose were $30,000,
a year ago, leaving a surplus of $711, 943 In 1901,
against +45.00
against *507.688 In 1900.
a These figures for September inolude $785,061 appropriated for
betterments and additions to properties and equipment; from July 1
to Sept. 30 the amount expended for these purposes was $2,327,133.
'
'
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for he
latest week or month, and the last two columns the earnings
for the oalendar year from January 1 to and including suob
latest week or month.
8TREET RAILWAYS AND TRACTION COMPANIES.
—
Latest Gross Earnings.
Jan. 1
to
Latest Date
Gross
Earnings.
Cur'nt Prev'us
Year.
Year.
& Mil.
Elec. Ootober
& Cov....
...
September
OltyEleo. (Rome.Ga.) September
Newp.
15,253
....
3,508
200,280
October
Cleveland Eleotrio
Oleve. Ely A West... October... 22,736
October... 15.639
Cleve. Palnsv. & E.
Consol. Trac. (Pitts.) October... 277,008
9.789
DartA WportSt.Ry. October...
Denver City Tram..
Ootober... 141,366
Detroit United
2d wk Nov 57,706
5,117
Rapid Railway
2d wk Nov
TotaL
2d wk Nov 62,823
Duluth-8up. Traot. *
38.324
DnluthHt. Ry.... < Ootober...
Elgin Aurora & Sou Ootober... 28,578
Gal veeton City
September 11,580
42,026
Harris!) org Traction,
lnternat'l Traction—
(Buffalo)
September 634.260
Lehigh Traction
Ootober ... 10,758
London 8t Ry.(Oan.) September 15,033
Lorain <fc Cleveland.. (September 11.804
Mad. (Wis.) Traction. October...
5,969
Mass. Elec Co.'s
705.309
AUgUSt
Montreal Street Ry
October... ;5r,060
Muscatine St. Ry
October ...
6,434
NewburgSt. Ry
September 10.615
New Castle Traction. October... 8,516
New London St. Ry October... 4,355
Northern Ohio Traot. October..
51,47 9
Olean 8t. Ry
October...
4.630
Philadelphia Comp'y October... 223,015
Pottav'e Union Trao. October
13,737
Railways Co.Gen.—
Roads
September 20.753
Light Co's
September
1,198
Richmond Traction.. September 20,991
.
. .
.
.
.
.
Sacramento Eleotrio
Gas
Ry
September
<fc
8t. Louis Transit
Boranton Railway..
Bloux City Traot
Southern Ohio Tract.
Btaten Island Elec
Tacoma Ry. & Power
Toledo Rys. & Light.
Toronto Ry.
Twin City Rap. Tran.
39,346
Previout
Year.
$
66,710
. .
Chicago
Year.
$
9
722,498 666 019
14.79,!
170,000 152.494
1.019.464 9,396,840 9,074.612
12,49 b
147,413
121 2H4
610,642 588,710
3.510
30.195
31.346
194.615 1,905,914 1,701.316
16,812 208,728
147.861
120.25H
14,075
189,823
257,180 2,529,557 2,367,595
7,685
105,124
88,256
114.373 1.255.921 1,077.960
49.398 2,503,718 2,216,366
4,680
54,078
36,883
373,591
25,270
304,032 259,395
$
Amerloan R'ys. Co.J. October... 82,878
Blnghamton RR
October
16,881
Bfklyn Rap.Tr. Co... September 1.090.22S
Cln.
Current
35,977
246,484
7,893
14.790
9,756
5,905
661.107
159,277
5,776
9,812
8.385
4.057
46,426
4,183
167.259
11,082
20,665
1,128
20.727
257,272
231,782
3,418.286 1,982 511
107,809
93,602
106,709
88,383
....
58,759
3,929,712 3.765,983
1,601,683 1,504,787
56.743
59,218
79,401
76,391
105,606 112 4u7
54,260
b0,6U0
501,417 417,560
43 054
45,429
2,458,771 1,996,909
143,774
120,608
166,505
14,270
169.748
156.909
35,439 307,310
275,589
480,403 4,833,403 3,56h,166
48,780 50s,189 504,850
16,995
15^,010
28.431
284,730 247,278
27,481
26.795 314,433
239,149
871.258
103,434 957,684
126,53s 1,360,848 1,228,952
240.793 2.6il.il7 2,342.822
211,471
19,570 234.673
114,409 1,125,657 1,118,804
531,51(i
October.
Ootober... t 2,638
September 16,604
October..
31.839
August
28,108
October... 84,087
September 114,66/
Ootober... 152,514
October... 270,953
Union (N. Bedford).. October
22,848
United Traction— ) October...
120,752
Albany City $
United Tract. (Pitts.) October . 181,977 166,881
United Tract. (Prov.) October... 220,400 197,181 2,253,489 1,985,042
Wll.&NewCastleElec August
8,603
30.559
46,167
6,200
.
. .
.
i
t
These are results for properties owned,
Strike of employes In Ootober, 1901.
li07
Street Hallway Net Earnings.— In the following we show
both the gross ami the netearnings to latest dateB of all Stheet
railways from which we have been able to procure monthly
As in the case of the Bteam roads, the returns of
liferent roads are published by uu each week as soon at-
returns.
tl
•
r.
and once a month (on the third or the fourth Saturday of the month) we bring together all the roads reDortjn^,
as is done to-daF.
ceived,
,
Gross Earnings.
Current Previous
Year.
Hoods.
9
RR.b. Oct
Year.
9
.
Net Aurmn,/.
_
Ourrent
Prevxou*
rear.
Year
9
t
7,590
,6TB
38.991
31,315
.
16.884
79,311
14,792
69,974
Brooklyn IlelghtH—
July 1 to Sept 3o... 3,053,801
Brooklyn Rap. Tr.a.Sept 1,090,228
July 1 to Sept 30... 3,433,600
3,101,914
1.019.464
3,226,458
1,122,804
1.378,178
349.683
1,174,477
3:kj,768
.,915
958,245
387,375
523,728
225.864
34,740
15,253
147,413
31,711
12,495
121,284
11.173
8.941
84,982
9,110
6,689
72.947
610,642
3,508
31,346
200,280
Jan. 1 to Oct. 31.... 1,905,914
Olev. ElyriaA West. Oct
22,736
208,728
Jan. 1 to Oct 31....
Olev. Palnesv. & E.Oct.
15.639
Jan. 1 to Oct 31.-..
139,823
588,710
3,510
30,195
194,615
1,701,316
16,812
147,861
14,075
120,259
:363,145
:350.489
489,066
489,426
277,003
257,180
1,847,328 1,732,846
tttiKTtmniton
July 1 to
Butlalo
Oct
31....
1
Railwavb—
July
1
to Sept. 30....
Ohioago Eleotrln Trao.—
July 1 to Sept. 30....
Ohio. <te Mllw. Elec. Oct
Jan. 1 to Oot 31
Cln. Newp. & Cov.—
Jan. 1 to Sept 30...
0!tvEleo(Roine,Ga)Sept
Jan. 1 to Sept 30...
Cleveland Eleo.a... Oot
393
54*
4,145
90,618
853,272
10,125
95,331
7,081
68,023
6.164
94,276
778,524
7,83*
58,934
227,519
150,747
968,833
231,030
149,043
935,263
194,766
133,922
72,489
141,366
114,373
63,963
Jan. 1 to Oct 31
1,255,921 1,077,960
569,910
Detroit United
Oct
267.081
231,417
113,577
Jan. 1 to Oct. 31
2,392,922 2,116.153 1,098,243
Rapid Railway... Oct
31,008
12,261
Tttal
Oct
298,039
125,838
Jan. 1 to Oct 31
2,549,878
1,173,296
Duluth-Bup. Trao.. Sept
89,183
39,412
14,241
Jan. 1 to Sept 30
335,267
148,715
Elgin Aurora ASo.aOct
28,578
25,270
11.614
Jan. 1 to Oct 31. ..
304,082
259,395
134,213
Galveston City Ry..Sept.
11,580
3,834
Uarrlsb'g Traot'n..Aug.
42,026
35,977
17,410
July 1 to Aug. 31
83.195
71,915
34,110
Unern'l Tr. (Butt.).. Sept
634,269
246,484
365,466
July 1 to Sept 30.... 1,802,277
761,197 1,041,580
Lehigh Traction a. Oct
10,758
7,893
6,123
Jan. 1 to Oct 31....
107,809
93,602
58,254
Cond'n St. Ry Can. Sept
15,033
14,790
7,180
Jan. 1 to Sept. 30
106,709
88,383
40,791
Lorain & Cleve. Ry.Sept
11,801
9,756
7,6 3 3
Lynchburg (Va.) Traction
58,156
52,252
474,810
100,407
938,853
Coney
Is!.
July
7,657
64,064
& Br'klyn.bSept 30
1 to
Cons.Tr.(Pittsb.).b.Oct.
Apr. 1 to Oct. 31
—
Crossfn
St. Ry. (Kuff.)b—
July 1 to Sept 30
Oenv.city Tr'mw.bOct
.
.
. (
)
& LightMay 1 to Sept
—
30
Madison Traction.. Oct
xewburg Eleotrio.. Sept
July 1 to Sept 30....
18,614
8,285
52,559
15,669
31,581
136,217
412.452
3,084
46,857
7,865
25,944
5,810
71,315
5,969
10,615
37,618
8,516
49,586
4,355
35,113
51,479
501,417
4,630
21,676
20,991
218,570
5,905
9,812
35,581
8,385
50,313
4,057
32,235
46,426
417,560
4,183
19,903
20,727
203,056
606
190
17,650
22,710
219,980
2,485
12.644
5.322
79,027
14,329
19.864
162,649
2,306
11,291
9,957
94,858
259,073
244,189
115,583
100,110
Feb. 1 to Sept 30....
39,346
275,205
Soranton Railway.. Oct
July 1 to Oct. 31....
197,662
& Traot. ..Sept
Apr. 1 to Sept 30....
South. Ohio Traot.. Oct
Jan. 1 to Oct 31
Staten Island Eleo.Aug.
July 1 to Aug. 31
31,839
284,732
28,108
57,947
85,439
20,600
246,828
I46,23y
48,780 ldf.26,661
219,003
69,423
17.497
92.9S0
28,431
17.977
247,278
132,546
14,726
27.481
28,792
56,823
17,009
134,615
13,993
90,510
1 5,068
71,983
14,136
120.960
10,073
25,220
New Castle Traot. Oct
.
July 1 to Oct. 31
New London St. Ry.Oct
July 1 to
Oct
31....
Northern OhloTrao Oct
Jan. 1 to Oct 31
Olean Street Ry
Oct
July 1 to Oct. 3
Richmond Traction. Sept
Oot 1 to Sept 30....
Rochester Railway b —
July 1 to Sept 30....
tiaoramento Eleotrio Gas
<fc
Railway Co
Sept
t2,638
80. Light
SyTaouse Rapid TransitJuly 1 to Sept 30
Taooma Ry. & P. ... Oct.
Toledo Rys. & Lt.a Sept
Jan. 1 to Sept 30
Twin City Rap. Tr.. Oct
.
Jan. 1 to Oct 31
United Trao. (Pitts. Oct
Winnebago Traot.. June
Apr. 1 to June 30
)
28,959
143,905
166.795
26,795
34,087
103,434
114,667
871,258
957,534
240.793
270,953
2,611,117 2,342,322
181,977
166,881
1,781
4,546
20,782
1,365
17,972
75,270
11,597
64,155
496,077
152,898
1,124.216
84,614
4.589
8,945
1,528
4,952
20,539
1,649
20.942
63.413
5,369
55,083
408,019
131,292
1,252,315
76,892
2,993
8,682
a Net earnings here given are after deduotlng taxes.
b Net earnings here given are before deduotlng taxes.
The earnings of the Rapid Railway are inoluded in these figures
from July 1 only.
t Strike of employes during Ootober, 1901.
and tolls from January 1 to Sept. 30, 1901. $116,783,
1 Taxes
against $135,119. After deducting these items the net from Jan. 1
to Sept. 30, 1901, $246,362, against $215,370.
*
THE CHRONICLE.
1108
Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given Id
the foregoing, also report charges for interest, &o,, with the
surplus or deficit above or below those charges.
,
Int., rentals, etc.
r-Bal.oflfet Sarn's.Previout
Current
Tear.
Tear.
.
Previous
Tear.
8
Current
Tear.
Roads.
1,068.585
1,158,595
"165,281
*313,286
July 1 to Sept. 30....
Cleveland Electric. Oct
Jan. 1 to Oct 31
194.966
21,256
200,894
129,387
27.828
218,213
•867,158
69.362
652,378
"102,519
66,448
560,311
Railway—
Coney
Isl.
July 1
&
in detail.
The comparative statement of operations,
for four years,
etc.,
..
Buffalo
Baltimore & Ohio Railroad.
{Report for the year ending June 30, 1001. J
On pages 1115 to 1117 will be found the report of Mr. L. F.
Loree for the year 1900 01 and also the general balance sheet
Br'klyn—
to Sept. 30....
Cons.Trao.(Plttso.)Oct.
Apr. 1 to Oot 31 ...
Crosst'wnSt. Ry.(Bnll.)—
July 1 to Sept. 30....
—
Denv'r City Tramw.Oct.
Jan. 1 to Oct 31
Internat'lTr. (Bufl.)Sept
July 1 to Sept 30
Lynchburg ( Va.) Traction
156,814
163,507
63,213
434,751
tll5,517
1724,980
"70,882
1113,928
1698,883
50,437
82,570
318.312
101,216
307,206
46,755
32,111
311,611
80,598
241,793
23,340
31,393
251,598
*290,772
*808,649
12,452
20.141
163.199
"64,457
"200,932
Jan. 1 to Oct 31....
United Trac. (Pitts.) Oct
:
1900-01.
Miles oper. June 30.
3,221
Operations —
Tons freight oarrled 33,528,513
1897-98.
2,047
1899-00.
2.278
1893-99.
2,047
28,366,693
25,057,178
21,986,220
7140597000 5816897698 5137367360 430221 1000
0-458 Ots.
Av.ratepertonp.tn.
498 ots.
0455 cts.
390 eta.
in.
-
Passengers carried
.
11,660,900
9,465,136
8,569,546
8,632,524
Pass, carried 1 mlle.458, 294,750 300.012,170 325.321,839 307.322,<<00
1-707 cts.
1-737 cts.
1 818 Cts.
At. rate p. pas. p.m. 1-975 cts.
Earnings from
Freight
Passengers
Mail
Express
Miscellaneous
$
$
35,553.872
9,054,602
1,191.073
942,018
3 72,866
26,631.343
6,544,933
764.524
681,474
267,953
$
$
20.0o5.664
5,650,664
777,205
636,407
1.284,981
20,000,215
5,247,159
767,644
602,331
1,105,440
Total earnings
47,1 14,43
34,890.227 28,404,922 27,722,787
Operating expenses —
Maint. of way, etc
3,834,245
3,578,370
5,721,695
4,583,846
Maint. of equlpm'nt 6,104,310
4,261,202
3,304,788
3,466,813
Conduot'g transp'n. 16,609,911 12,884,031 11,993,269 11,168,722
General expenses.
2,610,315
1,807,180
2,039,394
1,968,337
. .
& Light—
May 1 to Sept 30
Rochester Ry.—
July 1 to Sept. 30
Sacramento Eleotrlc Gas
Sept
A Railway Co
Feb. 1 to Sept 80
Syracuse Rapid Tr.—
July 1 to Sept. 30....
Twit) City Rap. ir...Oot
earniDgs, charges,
as follows, including in 1900-01 the
OPERATIONS, KARKIXQS AND EXPEN9EB.
Tons freight oar. 1
71,001
63.974
444,825
is
& Ohio Southwestern RR
Baltimore
Brooklyn Heights—
July 1 to 8opt 30
[Vol. LXXII1.
13,334
15,625
74,861
72,376
"45,737
"29,372
9,344
74,758
8,926
71,509
11,256
71,481
8,083
63,106
57.021
75.664
736,437
41,792
55,859
68.256
695,408
41,794
"19,821
77,234
'9,076
.
63,036
556,907
35,098
687,779
42,822
After allowing for other inoome received.
After deduoting $86,143 for
t These figures lnolude other Income.
Interest on funded debt and dividends on preferred stock In Oct.,
1901, and $86,476 In 1900, there Is a surplus of $29,374 this year,
Total expenses. 31,046,231
P.o.ofop.exp.to earns. (65-89)
Net earnings
16.088,200
22,530,783
(6458
12,359,444
20,276,092
21,783,323
(7669)
6,621.599
(73-14)
7,446,695
INCOME ACCOUNT.
1900-01.
1899-00.
1897-98.
1898-99.
$
$
$
$
16,068,200 12,35^,444 6,621,599 7,146,695
856,793
937.273
855,290 1,017,478
Net earnings
Add other income
*
against $27,452 last year. From April 1 to Oct 31, 1901. the deducand dividends was $604,301, against $605,621 In
1900, leaving a surplus of $120,479 this year, against $92,762 last
tion for Interest
year.
Philadelphia Company.
October.
.
r-Jan. 1 to Oct. 31.-x
1901.
1900.
>
1900.
1901.
2,458,771 1,996,909
1,488,455 1,183,963
223,015 167,259
Gross earnings
Operating expenses and taxes.156,874 135,469
21,210
31,790
13,820
Total earn* gs& other Inc.... 87,351
22,011
Deductions from income *
45,610
10,157
Net earnings fr'm
opera't'n.. 66,141
Other incomet
Total income
65,340
Interest on funded debt
Dividends on preferred stock
970,316
507,425
812,946
346,991
35.453
1,235,753
950,155
17,708
16,667
177,083
166,584
172,917
166,584
34,375
34,375
343,667
339,501
30,965
1.078
592,086
610,654
83,970
59,865
782,197
567,624
615
414
8,418
7,666
Phil.Co.'slntinnetinoome. 83,355
59,451
773,779
569,958
Net income of company
Affiliated
Corporations!—
Netinoome
Proportion to others than
Philadelphia Co
"These deductions include the following items Rentals of leased gas
on current liabilities, interest on consumers' cash
:
lines, interest
advances, etc.
t The net earnings of the affiliated corporations only appear in the
Income of the Philadelphia Co. as they are deolared in dividends.
X Inoludes Consolidated Gas Co. of Pittsburg, Allegheny 111. Co.,
Braddock Gas & Light Co., Allegheny County Light Co., Ohartlers
Valley Gas Co., Union Gas Co. of McKeesport, Equitable Gas Co.,
ANNUAL REPORTS.
—
Annual Reports. The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors' and Street Railway Supplements.
This index does not include reports in to-day's Chronicle.
Railroads, Etc.— (Con.)—
Page.
RAILROADS, Etc.—
Page.
1008 Minneapolis & St. Louis
Alabama Great Southern
953, 961
"55 Mobile Jackson & Kansas City
1008
American Alkali
782 Mobile &Ohio
American Bicycle
1C5S
1059, 1065
955
1000
1009
956
P56
M)6
1007
954
840
Centralof Georgia
720, 839
Chicago & Alton
Chicago Burlington & Quincy..78u, 787
839
Cincinnati Ham. & Dayton
955
Cleve., Akron * Columbus
953
Cleveland Lorain & Wheeling
841
Colorado Midland
841
Crucible Steel of America
Distilling Co. of America
842, 897
842
Glucose Sugar Kenning
Great Northern
780, 895, 903
Hall Signal Co. (bal. sheet of May
31,1901)
842
Indiana Illinois & Iowa
840
Iowa Central
1059
Maine Central
1007
Manhattan Ry
1057
Minn. St. P. & Sault Ste. Mane. ... 897
•
Nash. Chat. & St. Louis
336,
N. Y. Cent. & Hud. River. .719. 779.
PaciflcCoast
953,
People's Gas Light & Coke (bal.
sheet of Oct. 1. 1901)
Portland* Rumford
Pullman Co
Railroad Securities
Falls
781
790
963
953
1008
898
(official
state-
ment)
953
Reading Company
780 837, 846
Rutland
1007
St. Joseph & Grand Island
1059
st. Lawrence & Adirondack
840
St. Louis & San Francisco
896, 911
Santa Fe Prescott & Phoenix
954
Somerset Ry
1008
Texas Central
954
Toledo St. Louis & Western
8v6
United Fruit
1060,1066
Western Union
788
Westinghouse Air Brake (bal. sheet
of July 81, 1901)
Wheeling & Lake Erie
Wisconsin Central
Street Railways—
Montreal Street
Ry
.
. .
16,924,993 13,346,717
168,364
182,440
7,476,889
136,863
8,464,173
127,406
16,766,629
7,340,026
8,336,767
13.164,277
Intereston bonds; rentals, taxes, etc
..x9,119,0l7 x6.634.932 6,415,296
Dividend on pref. stock 2,100,000
2,400,000
Dividend on com. stock
900,000
1,673,560
"Additions and Imp'ts" 2,500,000
2,148,329
Mlscimp'ts.diac'nt.&o.
448,627
307,456
8,146,727
Total
.15,367,644 13,164,277 6.415,296 8,146,727
Balance
sur.1,388,985
sur.924,730sur.l90,040
xThe item of interest,|eto. ($6,634,932 in 1899-00 and $9,119,017 in
1900-01) embraces:
Paid in Paid in
Paid in Paid in.
1900-01.
1900-01. 1899-00.
18tf9-00.
Hen Sy.s
Other bonds, intere3t.«40o,*43
Chicago terminals
208.157
Gen. int. and discount 198,073
int..f2,460,000 12,450.000
2,639, f33 2,101,969
M.D. "
451,194
323.6H
First Mtge. 48
Pitts. J.
&
Schul. R. B. S. "
So West. Dlv. 3Hs
Equip, securities.
225,000
1,4(57,083
37,16-;
Taxes
Ground rents
Win. & Strass.RR..
225,000
'
37,512
GENERAL BALANCE SHEET JUNE
970,504
60.7bl
2,984
t25->,881
206, '58
100,931
571,666
56,151'
2,981
30.
1901.
1900.
Assets—
$
Cost of road, lncl. bonds and stocks pledged.236,279,556
Roillngstook
30,306,884
Marine equipment
718,989
Gas and eieotrio plants
655,383
Real estate.
12,229,862
Costof other roads
12,765,473
Bonds & stocks to retire old bonds & stocks.
303,345
Balance due from other roads
1,974,192
Cash on hand and in banks
4,616,513
Agents' balances
3,579,039
Traffic balances
2,036,627
Bills and accounts receivable
3,307,598
Bonds of sundry companies
14,105,260
Stooks of sundry oompanies
12,609,959
Balanoe due on B. & O. common stock
Material on hand
3,282,163
Miscellaneous
77,460
$
228,993.859
27,492,736
592,740
642,389
11,960,024
12,347,233
366,450
2,447,667
6,156,542
2,791,988
2,050,496
2,590,198
11,400,881
3,841,884
4,337,148
2,879,152
74,477
338,853.301
320,965,863
Total.
Liabilities—
Preferred stock
Common stock
Funded debt (see Investors' 8upp.)
Ground rent liens
Real estate mortgages
Bonds and stooks not deposited....
United Traction of Pittsburg.
American Cotton Oil
American Linseed
American Malting
American Soda Fountain
American Typefounders
American Window Glass
Bangor & Aroostook
Boston & Maine
Canada Atlantic
Available inoome.
Deduct—
Prior
1,477,741 1,159,937
241,988
209,782
17,708
16,667
.
Total
Deduct net Wash. Br..
849
1058
.,...888, 85i
Page.
I05y
59.361,267
59,357,167
45,000,000
45,000,000
200,114,450 186,807.830
883,274
883,274
772,904
682,820
176,411
224,763
Car trust and lease warrants
85,391
123.343
Monon. River RR. Co. oar trust warrants...
441 ,500
513,500
Monon. River RR. Co. 1st M
700,000
700,000
W. Va. & Pitts. RR. Co., 1st
4,000,000
4,000,000
Schuylkill River E. 8. RR. Co. 1st
4,500,000
4,500,000
Due to railroads in general acoount
150,137
123,593
Due to Washington Br., incl'g annuities
1,216,606
1,075,668
Dividend and interest prior to July, 1898
25,701
27,744
Pay-rolls
1,802,534
1,387,901
Bills and accounts payable
7.636,63*
6,077,249
Traffic balanoes
1,512,483
786,306
Unolaimed wages
59,089
38,996
interest
Accrued
3,081,186
2,876,137
Dividends deolared and unpaid
2,169,486
2,922,284
Individuals and companies
2,291,176
1,565,898
Accrued taxes
376,876
186,182
Bait. &Ohio Relief Department
789,476
471,469
Profit and loss
1,706,719
633,739
M
M
'.
Total
—V.
338,853,301
320,965,863
73, p. 956, 783.
We
Gila Talley Globe & Northern Ry.
(Statement for the year ending June 30, 1901.)
have received the following statement, as it will appear
in the forthcoming
Southern Pacific report:
STATEMENT foe the YEABS ENDING JUNE
Gross.
1900-01.... $365,836
1899-00.... 373,049
Op. Expenses.
Net.
30.
Interest.
Surplus.
$195,025
$75,700
$119,325
221,537
75,700
145,837
Paid 4 per cent (§80,000) dividend in January, 1901.
$170,811
151,512
November
THE CHRONICLE.
98, 1901.
BALANCE SHEET JONE
Atlanta Knoxrille
30.
1001.
1901.
Aiseta—
Uabilitiet-
1
1
3.610,759 ! 1,001,538
18.88a
18,818
Due from
Current accounts..
19,804
T.voa
7.908
8,148
L.960
1*1 i.il \
ia,iwi
0,841
supplies
1 18,886
L81 S2J
Ki'iulwtiy
&
equl|>..
agei.t-.
it..ii>ie(i
ii<ii,
<i
t
debi
Intel
-
18,1 i?
6,888
liiipnui
18,847
accounts..
3.!">38
l>3o
Voucher*
8.0U0.30-1 3,s30,337
(Report
9,8 H
U 9,378
73, p. 010.
I
i
pany ami its leased lines Increased $196,107 over those of last year,
and are $458,765 In excess of the net earnings for 189!); ihe percentage of expenses to gross earnings has been reduced from 67'51 per
oent In 1m99 to 62-41 per cent.
Improvkmhnts.— During the year there has been oharged to construction: On Pittsburg & Western Ry.,$222, 467; Pittsburg Cleveland
;i
A Toledo RR, $111,215; Pittsburg Palnesvllle <fe Fuirport Ry.,$i6,686. While the Rlbold and Chewton cut-otls and the reconstruction
of the Butler brauoh were reported as practically completed last year,
there was expended on acoount of same during this year $41,958, the
cost of the work to date being $685,023 as follow?: Rlbold out-oil',
*3U2.386; Chewton out off, $343,346; reconstruction Butler branch,
$39,291. The larger Items entering Into the cost of construotiou are
as follows: Heavy work on tunnel No. 3 in making an open three-track
out (cost to June 30th, 1901, $68,392); second track, ilaid between
Olenehaw and Elflnwlld, $12,095; third track, between Glbsonia and
Bakerstown, $13,327.
The main line of the Pittsburg «fc Western between Willow Grove
and New Castle Is now doable-tracked, with the exception of about
onr-tenths of a mile, which Includes the Bakurstown tunnel. The
change from narrow to standard gauge between Butler and Foxburg
has oost for the year just closed $44,836. The line between the points
named is now operated as a standard gauge, giving better use of the
narrow gauge equipment, and enabling the oompaoy to handle the
traffic between the narrow and standard-guage divisions more economically and without additional narrow-gautte equipment.
During the reoelvership uo special fund was provided to meet the
cost of construction, equipment and other betterments. The payments required for such work were taken from the earnings, the receiver Incurring liabilities to the Baltimore <fc Ohio RR. in retaining
freight and traffic balances due that company; by increase in accounts
payable and by the issuanoe of acceptances and oar trust warrants,
which accounts are shown in the balanoe sheet.
Payments for renewals and improvements (which are outside of actual operating expenses) made during the year ending
June 30, 1901, aggregated $329,578, the principal items being:
Masonry, $47,172; tilling trestles. $4,173; rednoing grades, $17,088;
building three new bridges, $76,847; New Mountain line (exclusive of
masonry) $108,122; new steel rails (80-lb. rail, replacing 60-lb. rail),
r-,725; new line approaching Earner, Tenn. (exclusive of masonry),
$29,027.
The earnings, expenses and charges have been as follows:
.
Statistics.—Other facts
EARNINGS, EXPENSES AND CHARGES.
Earnings —
from the report follow:
In 1900-1901 the gross earnings per mile for the entire system were
$11,747; net earnings per mile, $4,416. Average number of tons per
freight-traiu mile on standard-gauge lines was 471 In 1900-1901,
against 477 In 18H9-00; average revenue per mile of freight
train,
$2 94, against $2 45 in 1899 00; tons one mile, 595,309,215, against 560,836,975 In 1899 00, and 564.061,996 in 1898-99;
average revenue per ton per mile, 51 cents In 1900-01, against "52 in
1899-00 and 4 j cents in 1898-99.
The earnings
tor four years piat
and the balanjejsheet
1900-01.
1899-00.
1898-99.
347
$
347
$
339
Freight traffio
Passenger traffio
Express and mails
Rentals
3,207,378
598,386
89,233
185,690
3,058,687
582,737
89,379
104,231
$
2,719,528
483,529
90,852
16,027
2,690,656
425,833
89,696
15,222
Total earnings,
.4,080,687
3,835,034
3,309,936
3,221,407
Miles operated...
Earnings—
Expenses—
Conduct'g transportation. 1,472, 067 1,498,813
Maint. of way & structures 472,361
443,493
Maintenance of equipm't. 469,456
419,265
General expenses
132,774
135,602
1,293,107
385,858
b99,482
156,224
1,537,029
1,341,587
1,075,265
969,416
1,007,633
69,019
984,951
1 8.000
68,750
94 2,775
Taxes
71,646
55,000
Car-trust aooruals
Total
Balance for year
eon
55,000
1900.
1899.
4t
4t
tt
34,965,086
34,275,185
13,500,000
14,100,000
337,875
1,404,074
772!s47
Taxes aoorued
53,086
Bills payable
2,003,442
Vouchers and pay-rolls
618,427
Due to individuals and companies 983,501
Receivers' certificates
1,382,800
Miscellaneous
139,750
13,500,000
14,100,000
333,875
1,103.982
852,046
54.009
2,226,667
559,891
665,877
1,517,800
50,938
13,500,000
14,100,000
308,375
875,311
923.531
58.380
2,008,313
518,671
545,865
1,412,800
23,939
34,965,086
34,875,185
and
loss
Total
Liabillies —
Stooks (see Supplement)
Bonds (see Supplement)
Real estate mortgages
Interest aoorued
Car trust warrants
Total
— V. 73, p. 1011,785.
,
Net earnings
$138,785
Deduct interest paid... 54,421
$106,884
50,892
$72,660
$93,341
2,193
2,228
Balanoe
*84,364
Improv'ts & renewals. $329,578
$56,992
$90,227
870,467
$61,142
$91,113
$»B,064
Total
-V.
.
30.
1900.
Liuhilities—
5,5^0,000
117,911
3,1»4
lt.Hia
7,346
29,386
25,401
..
Income account.
15,978
423,882
4,191
36,925
6,465,915
5,692,011
1900.
1901.
$
I
Stock (common)... 3,0"0.000
8.01 0,000
Bonds
Coupon
2,500.000
117,911
8,000,009
scrip
Certs, of imiebt's...
Pay rolls, etc
Bills Dajable
Miscellaneous
Total
H7.M1
52,143
27k,'
00
36,862
10,367
6,485,915
5. 892,011
72, p. 987.
Consolidated Lake Superior Company.
("Report for year ending
The
which
Jane
30, 1901.)
signed by President E. V. Douglass,
describes the acquisition eioce the close of the year (per plan
in V. 72, p. 938) of more than 90 per cent of the stock of the
Ontario Lake Superior Co., and, having given the following
list of operating companies, says in part:
OPERATING COMPANIES OWNED BY CONSOLIDATED LAKE SUPERIOR CO
Lake Superior Power Co.,
Tagona Water & Light Co
Sault Ste. Marie Palp & Paper Co., Michigan Lake Snperlor Power Co.,
report,
Algoma
is
.35,295,802
Steel Co., Limited.
Algoma Central Ry. Co.,
Algoma Central Steamship
(Just organized.)
CO.
Algoma Commercial
Co., Limited.
Express Co., Ltd.
Telegraph Lines.
Manitoulln & North Shore
Iron Mines.—The shipments from the Helen Mine in 1900 aggregated 64,934 tons, and during season of 1901, previous to Aug. 31
(shipments during Angufct being 66,283 tons), aggregated 140,~'13
tons; estimated total for 1901, 305,513 tons. According to the
Canadian Government's geological report, the estimated amount of ore
measured up in this mine is in excess of 26,0o0,C00 tons, with probably more than double this amount. This ore is well adapted for the
production of Bessemer steel and three times the quantity mined
could easily have been sold, suoh high-grade hard ores being scarce
and In demand. The Josephine Mine Is looated on the Mlchiplroten
Range, 12 miles north of the Helen Mine, and upon the line of the
Algoma Central Railway, which is nearly oompleted to this point.
This ore is of an unusually high grade for the manufacture of Bessemer
steel. If the explorations now under way confirm the indicated
dimensions of this deposit, the ore body will prove to be larger than
British America
Co.,
Ry. Co., Algoma Central
30.
1901.
....35,295,802
Profit
$328,092
234,751
OWNED BY ONTARIO LAKE SUPERIOR
1,119,310
17,414
206,080
215,802
29,020
79,953
610,887
26.479
1,558,157
Individuals and companies
Miscellaneous
$852,952
280,292
Contingent account
64,807
1,350,000
283,864
1,139,580
21,839
183,403
205,106
89,509
85,208
582,537
27,163
1,563,761
Insuranoe premiums, eto
Due from agents
Cash for coupons
Cash in hands of Treasurer
Aooounts receivable
$418,354
311,470
Supplies
Miscellaneous.
969.416
1,350,000
287,321
1,187,887
18,416
192,649
211,188
93,879
103,765
589.267
33,953
1,443,940
.
Advances
$482,595
343,810
CaBh
Road and equipment
26,983,772 26,633,261 26,045,569
Stocks and bonds of other cos
1,469,765
1,469,765
1,481,865
Elwood Short Line
510,000
510,000
510,000
P. AW. etook (oommon)
520,000
520,000
520,000
P. &W. 1st 4 s, held by trustees..
300,<i00
300,000
300,000
Materials and supplies
Total earnings
Operating expenses
,
GENERAL BALANCE SHEET JDNE
P.&W.Ss,
$224,241
67,512
36,339
Coupons
1,133,729 1,131,652 1,121,701 1,007,582
su.403,300 8u.209.935 def.46,436 def.38,166
Assets —
$255,783
75,797
21,372
1,334,178
392,489
371,366
153,968
2,251.991
real est.
morts., rec.oerts., notes,
car trusts, eto
1,007,083
1897-8.
$311,627
83,347
23,380
1800-01.
BALANCE SHEET JUNE
336
$
2,234,671
1,075,265
Total
1898-9.
$351,480
102,613
28,502
1901.
./I 8S( to"™
%
Road & equipment.. 5,500,000
Bonds in treasury.. 50o,0u0
J1897-98.
2,546,658 2,497,173
1,534,029 1,337,861
stk. owned.
3,000
3,726
Deducting on—bonds,
1899-00.
Freight earnings
Passenger earnings
Mail, express, eto
fol-
low:
Total
30, 1901.
<
Pittsburg & Western Railway.
{Report for the year ending June 30, 190 1. J
President L. F. Loree says in part:
General Rust lts.— The net earnings froin operation of the com-
Net earnirgs
Dividends on
ending June
Apalachla, reiin., eliminating the BWltofi liarK ami ri-.l in lug lb' gl
ma rimom of * per crui to a mi
over this portion of the road from
mum of m» per oent, has been completed with the exception or one
cut at ihe summit, unit wo ure now operating over the oompleted' j or.u-rially. The Fa
Hon. It w ill reduce our operating exp<
cut oil was constructed during this year ami trains are now being suoi-gsfully operateil over same. This change will also prove a moi
mi\er in operating expenses. The work of reducing the grade a! Carpenter, Tenn., from l 1* to 1 per cent, ban been oompleted. Tinsteel bridges referred to in our lu>t report as having been parch*
or Little Tennessee River, Hlwapsee River and Ettowa River 01
Iiiks, have been dtlivered and erected.
We have built stone abutments ;it fourteen points where long wooden
trestles are now located, and are preparing i« till in these trestles Delimit the abutments
The amount ot masonry built uurlng the year
mounts to, in the aggregate, 10,000 cubic yards. We have entirely
filled and eliminated four trestles, and are now engaged In tilling
others. We have ballasted 22 miles of our main line with slag from
the oopper furnaces at Isabella, and 8'a miles with rock, and put in
107,600 ties, all of whioh has made a marked Improvement in the
track. We have purchased and laid 8^9 miles of 80 lb. steel rails, 5 >*
miles of this having been placed en tin- New Mountain line, and the
remaining three miles along our river track In the vlelnlty of Apalaohla, to replace 60-lb. rail. Our equipment has been greatly improved during the last twelve months; 135 cars have oeen equipped
with automatlo couplers and 30 with air brakes.
All of the towns along the Hue of road appear to be Improving, and
the general outlook for a healthy Increase in business for the ensuing
year is encouraging.
8.099,608 8.830,337
T.itnl
A Northern Railway.
for the Ii seal year
General Manager Jno. B. Newton says in part:
The New Mountain line, 5"n miles long, between Farner, Tenn., and
in
1.680
H.7C8
I'rorii jt loss, bui.
Total
ii
5,160
-
Miscellaneous
-V.
,611
i
Traffic balances.
Cm rem
ii.
t
l,5i
H,:tr.
ii»
Mm
101
a.ooo.ooo 2 .ooo.i oo
CniutHl --nick
.
1109
1,350,000
204,649
that of the Helen.
Between the Josephine and Frances .mines, a distance of about 20
miles, the range has been clearly determined, except in a few i laoes
where covered by sand plains; about* 12 miles beyond the Frances
Mine Is the MoDougall Mine, where apparently exists another very
large concentration of red hematite. Iron ore. containing manganese
in sutliolent quantity to produce the ferro-mangauese required in the
manufacture of Iron and ettel, Is found in vast quantities throughout
the Mlohipiooten Iron Range.
''
Nickel Mines.— These mines are situated on Canadian Pacific Ry.,
175 miles east of Sault Ste. Marie, In the famous Sudbury district,
in Ontario, whioh Is now producing over three-fifths of the world's
supply of this metal. Developments have thus far been made upon
two mines only, known as the Gertrude and Elsie Mines. Arrangements are now oompleted to mine from the former 400 and from the
latter 200 tons daily. The (iertrude Mine ailords the largest exposure
of nickel ore that has ever been found in one location.
Pulp Mills.— The ground wood pulp mill has been in satlsfactery
operation. The sulphite pulp mill Is now in operation and. It is believed, while produoing the highest grade of sulphite pulp, will yet
accomplish this at less than the usual cost, the wood being supplied
THE CHRONICLE
1110
from the company's forests, and the sulphurous add for bleaching
as a by product from the company's nickel ore.
Ferro-Nickel Plant.—The ferronlckel plant, whloh Is alio now In
operation, has been designed with a o»paolty for treating 200 tons of
ore dally, but the present Installation of roasters In limited to a capacity of 100 tons. The result of the treatment of niokel ore by our
process is a saving of most of the sulphur, with the resulting cinder,
In the most perfeot form for smelting and redaction into ferro-nlckel
and nickel steel.
Ikon and Steel Works.— Much of the Iron and steel plant, with a
minimum capaolty of 1,000 tons per day. Is now In an advanced stage
of completion. This plant throughout will be of most modern design
and It Is believed that In no other mill in the world can rails be produced as cheaply. In addition to this capaolty for rails the mill has
been designed to roll structural steel, plates, bars and tubes. An
Incentive for its construction has been a c>ntraot from the Canadian
Government for 125,0 JO tone of steel rails, to relay the Inter-Colonial
RK. Until the blast furnaces, now under construction and to be contracted for, are completed, the steel plant will be supplied with pig
Iron from the Canadian and United States blast furnaces. This arrangement shonia enable the company to oommenoe the production
of steel rails and billets at the beginning of the new year.
The company has under oontraot two charcoal blast furnaoes [minimum oapaolty ISO tons dally each], which are to be ready for operation by May 1, 1902. Two coke blast furnaces will be onstruoted of
350 tons daily oapaclty eaoh. The four blast furnaces will then furnish hot metal for the entire steel plant of over 1,000 tons dally capaolty. A pile dock 2.000 feet In length, filled with gravel and rock,
is now under construction, and the water front has been dredged to a
depth of 20 feet. This dock will be equipped with unloading devices
of the very latest description, for unloading from vessels Iron ore.
coal and other materials.
Bituminous coal for operating the ooke blast farnaoo Is just
as cheap at Cleveland and Buffalo as at Pittsburg and It oan be
transported thence to Sault Ste. Marie at a oostof 25 oents per ton
owing to ihe great competition in return freights. A contract has
been closed for a supply of coal for a term of years at satisfactory
prices.
Railways.—The Algoma Central Ry. will make available valuable
timber lands, open up these lands for settlement, but more particularly developtheMichlplcotenlronrange, dellveringthe Iron ore therefrom to the works at Sault Ste. Marie by rail, and to Mlchlplcoten Harbor for transportation by vessel to lower Lake ports and to Sault Ste.
Marie. The total mileage of the Algoma Central Ky., when oompleted
to its Intended terminus at White River Junction on the Canadian
Pacific Ry., will be 250 miles. Up to Aug. 31, 1901, 48 miles of track,
not including sidings (36 miles) was fully oompleted and in operation;
24^ miles were graded and ready for traok, and 100 miles additional
was under active construction between Sault Ste. Marie and the
Josephine Mine. There has also been built at Miohiplcoten Harbor and
at Sault Ste. Marie extensive ore and commercial docks.
As the present indications promise that a stockpile of Helen iron ore
of about 200,000 tons oan be accumulated during the wiuter, the rail
way should commence moving ore upon the opening of navigation in
1902, at the rate of 6,000 tons per day. The Josephine Iron Mine
is expected to oommenoe shipping at the rate of 1,0 )o to 1,500 tons a
day on the opening of navigation, and the Helen Mine is expected to
ship 3,000 tons a day, while the stockpile will atfjrd 2,000 tons. This
traffic, most of which is transported over only 12 mflesof railway, and
the most distant but 24 miles, at the rate of 50 oents per ton, is of
Immense
value.
The Manltoulln & North 8hore Ry. has been constructed from Sudbury (on the Canadian Pacific Ry.) to the Gertrude nickel mine, with
a short side track to the Elsie mine, and this section is in full operation
Steamship Line.— The Algoma Central Steamship Line, auxiliary to
the railway, at present comprises four freight steamships and two tow
barges [average carrying capacity over 2,000 tons per vessel], two
lake passenger steamers and a large tug. This fleet will be increased,
particularly by the addition of steel bargesof the largest type, capable
of carrying 7,000 tons of ore on an 18-foot draft. In this way the company will shortly be In a position of independence with reference to
the transportation of ore and coal by water.
Power Plants.— The hydraulio power canal and power station,
upon the Miohigan side, is neartng completion and will shortly be filling its contracts for power. The hydraulic power canal and power
station, on the Canadian side, is supplying 1,000 horse power for furnishing light and pumping water to the town of Sault Ste. Marie, Ont.;
3.0U0 horse power, equipped with eleotrloal apparatus, for use at the
steel plant and rail mill of this oompany; 1,000 horse power to the
Canadian Eleotro Chemical Co., and balance for operating the ground
wood pulp anil sulphite pulp mills, etc This power plant Is taxed to
its utmost; it operates night and day, without Interruption, and the
cost of maintenance is almost nothing. The amount of power is not
nearly sufficient, but the defioit oan shortly be made up from the
Michigan power station.
Lands and Forests. —The Algoma Central Ry. land grant alone comprises an area of 1,850,000 aores, almost completely oovered with forests, which not only insure an adequate and almst inexhaustible supply
to the pulpmills and charcoal blast furnaces of the company, but will
yield great quantities of valuable lumber. A Bureau to encourage Immigration and the settlement of the lands of your company has been
established, operating through Canada and in Europe. Satisfactory
results have already followed.
Financial.— -'On October 31, 1901, there was outstanding of
the preferred stock $14,475,800; daring the year ending June
30, 1902, there will be outstanding an average not exceeding
$18,000,10 J, upon which the dividends for the year will
amrunt to $1,260,000. In order that the stockholders may
feel that degree of assurance which existing conditions
justify, the following statement is made: The net earnings
which will be realized from June 30, 1901, to June 30. 1902,
upon the sale and transportation of iron ore from the Helen
Iron Mine, will alone be sufficient to pay the entire preferred
stock dividend during the period named. This statement is
based upon earnings now being realized, without considering the increased value which will result from mixing the
Helen ore with the high-grade Bessemer ore from the Joseph
ine mine. The large earnings, therefore, which will certainly be derived during the same period of time from the
steel works, Government bonus, ground wood and sulphite
pulp mills, ferronickel works, sulphuric acid works, waterpower rentals, railway and steamship operations, timber
sales, and the sales of ore from other than the Helen mine,
will all be tributary either to surplus account or for dividends upon the common stock.
"During the fiscal year ending June 30, 1903, an additional
amount of $7 000,000 of preferred stock will be issued, for a
like amount of cash, making then a total of preferred stock
of $25,000,003; the annual dividend upon which will be
:
51,750,000."
[Vol. LXX1II.
Earnings, etc.— The earnings and balance sheet follow:
CONSOLIDATED LAKE SUPERIOR COMPANY.
Dive, reoelved from Lake Superior Power Co.
l'JOO-1.
1899-0.
:
Preferred
Common
Sault Ste. Marie Pulp
do
do
&
$39,C00
555,628
Paper Co. pref. stock.. 59.6-8
do
com. stock.. 30.000
$39,600
330,000
58,728
$684,916
*255.628
420,000
$428,328
420,000
8,044
694
Deduct— Preferred stock dividend
Dividend on common stook
General expenses
.
B alanc e, surplus
$1,244
$7,634
'Total preferred stock dividend, $120,000; less dividend instalment receipts, $161,372; net amount, as above. $25 t, 628.
Note. —The balance of profits above the amount declared In dividends by the Lake 8upenor Power Co., the Sault Ste. Mar/e Pulp &
I'aper Co. and the Tagona Water & Light Co., is allowed to remain in
the income aooount or suoh companies, but is all available for dividends of the Consolidated Lake Superior Co.
SUBSIDIARY COMPANIES PROFIT AND LOSS.
Surplus.
Tear 1900-01.
Surplut.
Same of company.
July l, '00.
Credits.
Debits. J'neZO.'Ol.
Lake Sup Power
$i»5,628 $<i26,780
$514,182
$303,220
S. Ste. M. Pulp & Paper. i7i,462
649,149
678,451
146,160
Tag. Water & Light
15,210
70,894
44,165
41,938
.
Total
$704,854
$414,878
$1,028,268 $1,318,244
30. 1901.
BALANCE SHEET JUNE
A
t'
c'/j
Liabilities —
to
Subsidiary oompn's.x$18,889,370
Lake Sup. Power Co..
1,541
Cash
8,336
Total
$18,899,247
Preferred stook
stock
§81,890,370
14.0J0.000
8,877
Common
Profltandloss
Total
$18,899,247
$(5,000,000, less $1,109,630 in treasury of Lake Superior Power
Co. x Subsidiary companies on June 30, 1901, embrace Sault Ste.
Marie Pulp <fe Paper Co., Lake Superior Power Co., Miohigan Lake
Superior Power Co. and Tagona Water & Light Co.— V. 73, p. 786, 2 39.
§
Mergenthaler Linotype Company.
("Report for year ended September 30, 1901.J
President and General Manager P. T. Dodge says:
General Results.— The business was the largest and most profitable
of the past five years, the net profits exceeding those of 1900 by $163,OOo. The year has been without misadventure of any kind. The company is involved in no litigation. It has no Indebtedness other than
the current bills, and Its property is without encumbrance of any kind.
The linotype is still without a competitor worthy of consideration.
The standard machine has during the year been modified and Improved
in details, in order to adapt it for new requirements Incident to the
development of the printing art. The introduction of the linotype into
offices doing the highest classes of book work continues, and the number of standard publications from linotype faces has greatly lnoreased
within the year.
The adoption of the machines by the smaller offices has proven successful in every way and orders from this field are steadily increasing. During the entire year no office has abandoned the use of
the linotype. Numerous patents and inventions have been acquired.
It is believed that the patents now held by the company are sufficient
to prevent the introduction of any practical rival line-casting or Unotype maohlue for years to come.
In order to meet the growing demand for matrices and miscellaneous
supplies, and to permit the economical increase of manufacture in
other directions, additional property has been purchased adjacent to
the Brooklyn factory, and a new factory building of modern design is
rapidly approaching completion. The additional tools and machinery
for use in the new building, invented and designed within the Brooklyn
f actoi y, are being constructed in the tool department, and will be
ready for use by the time the building is in condition to reoelve them.
The power plant is being increased in order to furnish the additional
eleotrloal current necessary for power and light purposes in said building, in which, as In the present factory, all tools will be electrically
driven.
There are now 1,491 offloes In the United States using the linotype.
The affairs of the oompany are in satisfactory condition and a good
business is anticipated for the coming year.
The number of machines shipped, sold, etc., was as follows:
.
Sold
.
On Rental
Rented.
Total.
Oct. 1.
New.
371
986
1900-01
267
638
b41
271
282
553
1,058
1899-00
679
600
1,067
1898-99
265
345
508
1897-98
241
342
583
584
1,248
630
502
151
479
1,325
1896 97
1895-96
772
214
581
795
1,538
The net profits, etc., for three years past compare as follows:
Shipped.
Tear.
1899-00.
1898-99.
1900-01.
$1,627,067
$1,919,165
$2,083,033
Dividends paid.. (12ia%).$l,250.000 (20%)$2,000.000
$2,000,000
Ann'al rental value of ma$557,176
$567,646
chines at end of year... $535,333
312,000
Sales of supplies
547,000
392,558
The dividends paid during 1900-01 aggregated 12^ per cent,
against 20 per cent during each of the two preceding fiscal
years, the extra dividends of 2% per cent each formerly paid
with the regular quarterly dividend of 2% per cent having
been discontinued since March, 1901.
BALANCE SHEET OCT. 1.
1899.
1898.
1901.
1900.
Assets$
$
$
$
676,866
514,711
710,535
309,076
Cash
1,258,709
1,275,866
Customers' notes reo. 1,424,743
1,274,190
2H2.526
311,099
387,193
269,518
Open acoounts
317,618
276,815
378,146
Raw materials, etc... 536,910,
631,851
605,818
730,255
657.882
Plant, etc.
6,700
6,700
6,70O
6,700
Rogers department..
1,091,200
1,285,800
Linotypes
1,018,700
1,097,000
7,018
10,654
7,909
Offioe fixtures & furn.
9,876
Linotype Co. (Canada)
52,551
70,127
investment
87,722
79,205
Total net profits
Rights,
priv.,
fran.,
patents & invent'ns 6,176,139
4,400
Miscellaneous
6,168,355
8,888
6,161.091
9,710
6,162,471
19,073
11,093,951
10,258.836
10,328,508
10,703,727
10,000,000 10,000,000 10,000,000
17,060
3,621
14,830
511
316
465
Dividends unpaid....
324,376
243,541
Surplus
1,076,575
10,000,000
5,673
10,328,508
10,703,727
Total assets
Liabilities
—
Capital stook
Creditors' open aoo'ts
Total liabilities
-V.
73, p. 845,535.
11,093,951
10,258,836
745
697,308
November
THE CHRONICLE.
23, 1901.]
GENERAL INVESTMENT NEWS.
I
annum on
1111
the stock cf the old railroad
company.— V.
73, p.
1061, 1010.
Transfer RR. — Short Contract.—
liitatfo Terminal
RAILROADS. INCLUDING STREET ROADS.
Rock inland & Pacific and the
Chicago
the
Shore,
The Lake
Alberta Ry. & Coal Co.— Report.— This company recently New York Chicago & St. Louis railroad companies have
Montana Division (the Great Falls A: Canada Ry., Y.
(
sold its
V.
72,
contracts with this company for the use of its Grand
Central station in Chicago pending the reconstruction of the
old Van Buren Street station. The Baltimore & Ohio ha»
not yet renewed its lease of the company's terminals. Should
this lease be finally terminated, the loss of income to the Chicago Terminal Transfer Co. would, it is intimated, make
necessary a readjustment of the company's finances.— V. 73,
A made
1187) to the Great Northern.
paper
says:
financial
London
The aooounts for the year to June 30 show a bulanoe available for
of
division among the "A." debenture stockholders of 48,535, out
which It Is proposed to make a attribution of £3 8s. per cent (2 per
cent of whloh has already been paid on aooount). absorbing £8,500.
the net proIn their report the directors state that slnoe June 30 last
ceeds amounting to £150.537 of the purchase prloe of the Montana
nortlon of their system have been reoelved by the trustees for the debenture stockholders, and with part of the prooeeds prior lien debenture stock to the extent of £75.023 hus been redeemed at a premium
balance of
of 10 per oent. This required a total of £82.525, leaving a
bal£68 012, whloh Is held by the trustees, the object being with this
anoe'to widen to the standard gauge the remaining portion of the
oompany's railway system from Lethbrldge to the boundary, a distance of about 64 miles.— V. 72, p. 1186.
73, p. 904. 287;
p.
p. 783.
Choctaw Oklahoma &Gulf RR.- Reported Negotiations.—
Regarding the rumors of a possible change in control, it
would appear that whatever negotiations there may be looking
to that end are still in an early stage and not likely to result
in any announcement in the immediate future. The ultimate
absorption of the road by some larger system is thought
Bangor & Aroostook RR.— Purchase of Preferred Stock.— not improbable. President Gowen, however, denies that the
The citizens of Aroostook County, Me., have voted to sell to road is for sale.-V. 73, p. 1061, 783.
company the conntv's holding (|728,000) of the preferred
stock. The new mortgage of the B. & A. sets aside $12,500,
the
Cincinnati Hamilton & Dayton Ry.— Purcliuse.— The
Findlay Fort Wayne & Western Ry., running from Findlay,
Ohio, to Fort Wayne, Ind., 80 miles, has been acquired by
the C. H. & D. No plans have been matured as to the financing of the purchase.— V. 73, p. 1061, 839.
Beech Creek Extension RR.— Bonds Guaranteed by Neiv
Cincinnati (O.) Traction Co.— Purchased— The CincinYork Central for Sale.- J. P. Morgan & Co. offer for sale,
by advertisement on another page, at 104 and interest, S3,- nati "Enquirer" announces the purchase by this company of
Zoological
500,000 of this company's total authorized issue of $4,500,000 a majority interest in the stock of the Cincinnati
Co., which owns the well-known zoological garden in Cinfirst mortgage 33 i per cent 50 year gold bonds, principal and
interest guaranteed by the New York Central & Hudson cinnati.— V. 72, p. 1279.
River RR. by endorsement on each bond. The entire capiColorado Midland Ry.— Goulds in Directory.— The contal stock, $4,500,000, is owned by the New York Central, to
of this property was acquired in 1900 by persons intertrol
which company the road is leased for 999 years. The Beech ested severally in the Colorado Southern and the Rio Grande
Creek Extension RR., upon completion of the section from Western. The Goulds later took over the management of
Clearfield to Karthaus, Pa., 29 miles, now being constructed,
the last-named company, and it seems also succeeded to the
will own a line extending from Keating to Clearfield, Pa.,
interest in the Midland, they being represented on its board
52 miles, which will relieve the overcrowded condition of
of directors, which was elected on Nov. 21 as follows:
the tracks of the Beeoh Creek RR also a 3-mile line extendGrenville M. Dodge, Henry Budge, J. Kennedy Tod, E. C. Hendering from a point on the Pennsylvania & North Western RR.
George J. Gould, Edwin Gould, Wlnslow 8. Pleroe, Lawrence
son,
point
which
Pa.,
at
County,
near Elbell to Rossiter, Indiana
Greer, E. T. Jeffery and Frank Trumbull.
over 4,000 acres of valuable coal lands have been acquired
Col. D. C. Dodge and George Foster Peabody retired.— V.
and mines opened which are now producing an excellent
quality of bituminous coal. See New York Central report, 73, p. 841.
V. 73, p. 790.
Colorado Springs & Cripple Creek District Ry.— Line
Boston & Maine RR.— Bonds Awarded.—The $1,000,000 Completed.—The steam road from Cameron to Victor, Colo.,
3}4 per cent 20-year bonds, dated Nov. 1, 1901, have been via Independence and Goldfield, was opened for traffic on
awarded at 10292 to Lee, Higginson & Co. of Boston.— V. 73, Nov. 11, thus completing the steam connection between Colop. 1061, 1009, 1007.
rado Springs and the Cripple Creek district.— V. 78, p. 675.
-This
Incorporated.
Ry.Street
Boston & Worcester
Delaware* Hudson— Albany & Susquehanna— New York
company was incorporated on Nov. 16 with $750,000 capital & Canada- Rensselaer & Saratoga.— Earnings of the D.
stock (10 per cent paid in) to own the line projected by Jas. H. leased lines in New York State for the nine months ending
F. Shaw & Co. and E. H. Gay & Co. of Boston to iun from
Sept. 30 were:
the junction of Cypress and Boylston streets, in Brookline,
Saratoga.—
—S. Y.& Canada.-*
r- Urns,
/- A Ibany
Susqut h.—
1900.
1901.
1901.
1U00.
14)00.
through West Newton, Wellesley, Natick, Framingham,
1901
9 month*.
$1,960,713
$2,051,774
$866,822 $870,014
$3,758,107 $3,482,458
Southboro, Northboro, Westboro and Shrewsbury, to the Gross
-'4,330
642,281
351,289
362.652
l,7r5,431
1,687,365
Net
'.H9.207
92T.119
278,tW0
280,427
927,855
945,874
Worcester line at its intersection with the Worcester turn- Charges
000 bonds to purchase the $1,246,600 preferred stock and the
securities of controlled lines and to refund the outstanding
bonds and car trusts of the system.— V. 73, p. 896, 286.
;
&
<fc
.
df.284.8£8
df.294.876
<fc
(»
pike, 45 miles. The directors are :
J. F. Shaw. William M. Butler. O. C. Pierce, O. W. Shlppee, Samuel
Farquhar, Albion R. Clapp and James R. Entwistle.— V. 72, p. 183.
Brooklyn Heights RK.— Quarterly.— Earniags for the
quarter ending Sept. 30, covering the operations of lessor
companies are given below, the figures for 1901 not includ-
ing the Brooklyn Queens County & Suburban RR., which
has been operated independently since July 1, 1901. The
earnings of the latter road for the quarter are also given separately:
3 mos.end.
Grots
earnings.
Sept. 30.
1901
1900
Net
earnings.
Other
income.
Interest,
taxes, etc.
$1,068,584
1,158,595
BBOOKLTN QUEENS COUBTY 8UBUEBAN EE.
$93,235
$211
$101,428
$217,625
$3,053,801
3,101,714
$1,122,805 $111,061
93,703
1,378,179
Balance,
surplus.
$165,282
313,287
«fc
1901
-V.
$11,404
73, p. 899, 854; V. 72, p. 987.
Buffalo Rochester & Pittsburg Ry.— Authorized ,—The
shareholders on Monday approved the proposition to make
the debenture 5 per cent bonds convertible into common
stock at par on condition of the rate of interest being reduced
from 5 to 4 per cent. A portion of the $2,000,000 debentures
still in the treasury will be issued at $12,000 per mile to provide
for the cost of the proposed 32-mile coal branch in Pennsylvania (see V. 73, p. 444).—V. 73, p. 1009, 956.
Chatham & Lebanon Valley RR.— Consolidation.— The
shareholders will vote Dec. 20 upon an agreement for the
consolidation of the capital stock, franchises and property of
the company with the capital stock, franchises and property
of the Rutland RR. Co. The Chatham
Lebanon Valley
extends from Chatham, N. Y., to Bennington, Vt., 58 miles.
See page 25 of Investors' Supplement.— V. 73, p. 1061, 899.
&
Chestnut Ridge RR. of Pennsylvania.— Sale Nov. SO.—
This road, extending from Kunkletown to Lehigh Gap, Pa.,
10^ miles, will be sold at receiver's sale on Nov. 30. Stock,
$51,080; bonds, 140,000.
Chicago Burlington & (Juincy RR.— Directors.— The men
named in our last issue nave, it is learned, been definitely
selected as directors. Mr. Harris remains as President, but
is succeeded on the board by Norman B. Ream.
Lease. The lease of this company's property to the new
Ct B. & Q. Railway calls for the payment of 8 per cent per
—
1.041,491
Balance...
73 p. 956 337
.
857,676
82,125
72.060
-V.
Detroit United Ry.— New Mortgage.— The resolution of
the board of directors with regard to the new $35,0.0,000
mortgage provides that the deed shall be dated Jan. 2,
1902, and shall secure bonds to the aggregate amount mentioned (cr such lesser sum as may hereafter be resolved
upon), said bonds to bear A.% per cent interest, payable semiannually in gold coin of the United States, and the principal
to be due in 80 years from Jan. 1, 1902. The resolutions pro
vide that of the new bonds there shall be deposited with the
trustee an amount equal to the principal of all the bonds
issued or issuable as below, aggregating $16,525,000 (of which
$758,000 are now in the treasury; see StreetRailway Supplement, page 35), viz.:
-
Detroit Citizens' RR. 1st M.. $6,595,000
275.000
Detroit Suburban Ry. 1st M..
140.0J0
DetroitSub.Ky.1stM. of 1893
1.8' (>.0<
Detroit Ry. 1st
Electric
con.
M..
1.000.000
Detroit
Ry.
Detroit F. W. 4 B. I. 1st M.. 1.200,000
l.ooo.ooo
Detroit ft N.W
[
Detroit
Detroit
&
*
l'ontlac let
M
Pontlac eon. M....
Wyandotte & Det. H. 1st M
Wyandotte A Det. let Cun.M
D. U.K. A Lake Orion
Det. & Flint Ky consul M....
.
M
.
.
$500,C00
rOO.000
200." >0
226,000
1,100,000
1,900,000
I
resolutions further permit the making of suitable provision for the payment at maturity or the extension or refunding, dollar for dollar, into consolidated mortgage bonds
(where such issues already exist as above indicated), or
for the refunding into the new bonds, of the aforesaid underlying issues. As the Detroit United Ry. Co. contemplates
"acquiring certain additional suburban railways connecting
with its present system, and to assume or issue bonded indebtedness therefor," bonds are similarly to be reserved
against such additional issues. All the remainder of the new
bonds are to be used only for extensions, improvements and
betterments made this year or hereafter to be made on the
company's property. No provision is made in the new mortgage for the retirement of the company's stock, the statement
to that effect last week having been the result of a misun-
The
derstanding of the facts furnished us.— V.
73, p. 1061, 957.
.—
Everett (Wash.) Railway & Electric Vo.— Mortgage
The company, it is stated, has made a mortgage for $1,000,000 to the Manhattan Trust Co., New York, as trustee.
Findlay Ft. Wayne & Western Ry.— Sold— See Cincinnati
Hamilton & Dayton Ry. above.— V. 69, p. 1193.
THE CHRONICLE.
1112
Fitchburg RR.— Bonds Authorized.— The Massachusetts
Railroad Commission has authorized the company to issue
$2,000,000 of 20-year 8j4 per cent bonds— $1,000,000 for refunding and the remainder for permanent improvements.
See V. 73, p. 015, 662.
Grand Trunk Ry.— Mr. Hays Again with Company.—
Mr. Charles M. Hays is reported to have resumed the management of this road, with the title of Second Vice-President.—
V. 73, p. 391.
Great Falls & Canada Ry.— See Alberta Ry. & Coal Co.
above.—V. 73, p. 1010, 662.
Gulf & Ship Island RR.— Not Tax Exempt.—The United
States Supreme Court on Nov. 18 decided that the company
is no longer tax exempt, its charter of 1882 containing the
provision for tax exemption having been repealed in 1892.
V. 71, p. 135.
Hocking Valley Ry. Semi Annual Dividend on Common
Stock. A semi-annual dividend of 1% per cent has been declared on the common stock, placing the same on a 3- percent basis. The dividend is payable Jan. 18, along with the
usual dividend on the preferred, to shareholders of record
Dae. 27.—V. 73, p. 957, 675, 659.
Houston Electric Co.— In Possession.—This new company
on Nov. 12 took over the property of the former Houston
Electric Street Ry., recently sold under foreclosure. George
J. Baldwin of Savannah, Ga., has been elected President.—
V. 73, p. 957, 784.
Illinois Central RR.—New Officer.— Secretary A. G. Hackstaff has been elected also Third Vice-President, with headquarters in New York.—V. 73, p. 843, 665, 658.
Interoceanic Railway of Mexico.—Sale of Debenture
Stock. The shareholders were recently allowed to subscribe at 86 in London for an issue of £150,000 i% per
cent second debenture stock, part of a total authorized issue
of £1,300,000. See particulars in circular, V. 71, p. 1120.—
—
—
[Vol. LXXIII.
E. D. Codman is PresidentJandH. F. Smith [Assistant Cashier
of the Shawmut Bank] is Treasurer.— V. 78, p. 843, 723.
Norfolk (Mass.) Southern Ry
Street Ry.
above.— V.
—See
Norfolk
&
Bristol
73, p. 843, 723.
—
—
Northern Securities Co. Western Opposition. The organization of this company last week, with $40u.000,000 capital stock, for the purpose of owning stock in the Northern Pacific and Great Northern, has been met by intimation on
the part of the Governors of some of the Western States that
they would take steps to oppose the consummation of the
plan. The following statement was issued from the office of
Governor Van Sant of Minnesota on Nov.
20:
Owing
to the great Interest of the people of the Ptates west of us and
of the great desire to nee the attempt to consolidate the Great Northern and the Northern Pacific railway lines resisted, Gov. Van Sant
has concluded to invite the Governors of the States having antl consolidation laws similar to those of Minnesota to join in an effort to
tight the great railway trust. It la understood that a conference of
the Governors is to be planned to consider the best methods of lighting the Northern Securities Company's propositions in the courts, and
by new legislation If necessary.
The feeling of antagonism, however, at least in the States
west of Minnesota, has apparently abated somewhat since
the fact that no actual consolidation is intended has become
known. The Governor of Nebraska was reported on Thursday as finding "no evidence of a combination" in his State.
Deposits. A circular is about to be issued to the Great
Northern shareholders calling for deposits of their stock for
exchange into stock of the Northern Securities Co. on the
basis announced last week. The stock of the Northern Pacific is held in so few hands that no circular will be necessary
—
in the case of that
—
company.
Charter. The Corporation Trust Co. has had the charter
of the company reprinted in pamphlet form for the convenience of members of the bar. Copies may be obtained
without expense upon application at the New York office, 135
Broadway, or one will be mailed upon receipt of 2c. to cover
postage.— V. 73, p. 1062.
V. 72, p, 44.
Ohio & Little Kanawha Ry.— Sold.—The control of this
Knoxville (Tenn.) Traction Co.—Sale of Control— See
road, which extends from Zanesville to Marietta, O., 74*3
Railways & Light Co. of America below.— V. 66, p. 709.
Lehigh Valley Traction Co.— New Enterprise.— See New miles (formerly the Zme3ville & Ohio River Ry.) has been
Who the purchasers
Jersey & Pennsylvania Traction Co. below.—V. 78, p. 1010, sold by H. B. Hollins & Co.
are has not been divulged, but the report that they are the
616.
Wabash interests is denied. V. 73, p. 900.
Little Kanawha RR.— New Directors.— As a result of the
Oklahoma City & Western Ry.— Increase of Stock.—The
change in control, the following directors were elected on
stockholders of this company, which is now building a road
Nov. 15.:
from Oklahoma City to Acme, Texas, a distance of about 200
J. T. Blair, Greenville, Pa.; Ed. Fulton, Unlontown, Pa.; Emmet
Queen and R. J. Woods, Pittsburg, Pa., and Edward S. Templeton, of miles, have voted to increase the capital stock from $8,500,000 to $5,000,000.—V. 70, p. 231.
Greenville, Pa— Bee V. 73, p. 1061.
Massachusetts Electric Companies.— Bonds Awarded.
Pennsylvania RR. New Equipment. The company reThe $150,000 new 4 per cent 30-year bonds have been award- cently invited bids on the following cars
ed to Perry, Coffin & Burr of Boston.— V. 73, p. 900, 553.
Five thousand steel gondolas; 4,009 plain gondolas, 100,000 lbs
capacity; 1,000 gondolas, 100,000 lbs. capaoity; 1,000 box oars, 100,"
Mexican National RR. Plan Operative. Deposits of O0O
lbs. capacity; 500 flat oars, 40 feet long, 100,000 lbs. capaoity
over 97 per cent of the outstanding second mortgage A and 500 refrigerator cars.
bonds, second mortgage B bonds and 6 per cent income mortWith the exception of the refrigerator cars all the cars not
gage bonds and over 86 per cent of the stock (trustees' cer- of steel throughout are to have metal under -frames with
tificates) being assured under the plan of readjustment (in
wooden floors. This order is in addition to the 2,000 class
V. 73, p. 784), Speyer & Co,, of New York, Kuhn, Loeb & X L box cars ordered recently, making 14, 000 cars in all. V.
Co., of New York, and Speyer Bros., of London, give notice
73, p. 957, 900.
that the plan has been declared operative. The time for
Philadelphia Company. New Securities— Official Statedeposits without charge has been extended to Nov. 30, after
which date deposits will be accepted only upon a cash pay- ment as to New Acquisitions. The shareholders at the meetment of 2 per cent on the par value of the bonds and a cash ing on Dec. 4 will vote upon propositions to ratify the acquisition of shares of stock of the Consolidated Traction Copayment of $2 per share of stock deposited.
Bonds Called. Holders of prior lien bonds not yet depos- and of the Southern Traction Co. to approve of the agreeof the Mononited are no longer entitled to the bonus of $15 per bond men- ment with A. W. Mellon concerning the lines
and
Pittsburg
Birmingham
Traction
Street
Ry.
Co.
&
gahela
tioned in the plan, and their attention is called to a notice of
the Mexican National Construction Co., in accordance with Co and the plant of the Monongahela Light & Power Co.,
which the prior lien bonds will cease to draw interest on and the acquisition of shares of stock of the Pittsburg &
June 1, 1902, on which date they will be paid at the Central Charleroi Street Ry. Co. They will also be asked to authorize the following increase in the securities of the PhiladelTrust Co.—V. 73, p. 1061, 900.
phia Company, viz.:
New Jersey & Pennsylvania Traction Co.— Proposed Neiv
PROPOSED INCREASE IN AUTHORIZED
Road in Trenton for Johnson System. This company on Common Stock, present issue $15,000,000, to SECURITIES.
be inNov. 15 filed articles of incorporation in New Jersey with
creased to
$90,000,000
$1,000,000 authorized capital stock in $50 shares, with a view
Of this additional $15,000,000 of common stock, "such amounts are
will
necessary
to
be
acq aire saoh shares of
to building about 20 miles of trolley road in Trenton, N. J., to be presently issued as
the several corporations as may be sold to this company, and to proon which eight tickets will be sold for 25 cents. Of the pres- vide the funds necessary in connection with such acquisition. The reent issue of capital stock ($25,000) the greater part is in the mainder will be issued in the future as the direotors may deem necesname of Charles M. Bates of Allentown, Pa., the Secretary sary to carry on and enlarge the business of the corporation."
$6,000,000
and Treasurer of the Lehigh Valley Traction Co. and the Preferred Stock, authorized issue to remain as now
But $1,803,000 of the $2,000,000 in treasury to be issued.
Philadelphia & Lehigh Valley Traction Co., which, in acand collateral trust bonds
$22,000,000
cordance with the plans of the late A. L. Johnson, are build- New fifty-year mortgage
The new bonds will he " substantially similar In form
ing a trolley line from Allentown to Philadelphia, and con- to the present issue of bonds and will be secured by a
template extending it to New York City. Jilson J. Coleman mortgage upon the property of the Philadelphia Com
of Trenton is President. He is also manager of the Phila- pany, iaolnaing all of the shares of stock of the ConsoliTraction Co. owned by this company."
delphia Trenton & New York trolley road, whose line be- dated
Of which reserved to take up existing bonds at maturity.... $6, 500,000
tween Trentonjand Princeton, about 10 miles, has just been Available only to acquire pref. stock of Consol. Traot. Co.... 12,000,000
"Available to provide funds for the improvement, betterput in operation.— V. 72, p. 821, 776.
ment or extension of the properties of this company, ot of
Newton Street Ry.—Bonds Offered.— H.. W. Poor & Co. of
the companies of whioh it owns the majority of shares".. 8,500,000
Boston are offering at 110 and interest $115,000 first
A circular to the shareholders affords also the following:
mortgage 5 per cent $500 bonds, dated 1892, due 1912. These
Consolidated Traction Co.—The holders of a majority of the shares
bonds were recently issued for extensions, raising the out- of the Consolidated Traction Co. of Pittsburg have agreed to sell their
standing issue to $250,000. For the fiscal year ended Sept. shares to the Philadelphia Company upon the following terms: Two
I
—
—
—
—
—
—
—
;
—
,
net, $34,285 ; in30, 1901, the gross earnings were $129,751
terest, $14,511; balance for stock, $19,774.— V. 73, p. 1011, 843.
;
Norfolk
—This
& Bristol (Mass.)
Street
Ry.—Successor Company.
company has been incorporated
in Massachusetts,
with $200,000 authorized capital stock, as successor, it is
understood, of the Norfolk Southern Ry., recently foreclosed
and purchased by the National Shawmut Bank of Boston.
common stock of the Consolidated Traction Co. for one share
($50) of common stook of the Philadelphia Company, also twenty
shares of preferred stock of the Consolidated Traotion Co. for $1,000
in a gold mortgage bond of the Philadelphia Company at its par value
shares of
[to be dated Nov. 1. 1901, maturing Nov. 1, 1951, and bearing 5 per
oent Interest] .three shares (£150)of tne preferred stock of the Philadelphia Company, one share ($50) of the common stook of the Philadelphia Company and $60 in cash.
Proposed Leases.— Mr. A. W. Mellon has agreed with this oompany
that the following corporations shall lease their properties to the
November
THE CHRONICLE.
23, 1901. J
several companies below mentioned [a majority of whose shares are
owned by or are about to be acquired (In case of Consolidated Traction
Co.) by the Philadelphia Company] for the term of 999 years from
payment of all
Jau. 1,1902; the lease In eaoh ease providing, art.
expenses of operation and maintenance, taxen and Interest upon bonds
of the several companies constituting each property (also of all rentals
payable by Pittsburg & Birmingham Traction Co.), for the payment of
the annual rental here lndloated. viz
PROPERTIES TO BE LEASED FOlt 999 VBARB FROM IAS. 1, 1902.
i
:
A'ami
I..'
to be
Aiaiunl
Prop, rty
Leased—
Bonds.
Mom
St. By. ...xti.jou.ooo
Moiionuabelii I..4 P. Co... y 1.750,000
Plttsb. £ Hi mi. Tract. Co.s8.48t.00Q
Pitts. tCharlerol St. Ry..x8,600.000
Total
Rental
Propo
add)
t.etc.
OouoL Tmot. Co. ^rio^y^ww'SSoo
Allegheny CaUGo. 85,000
j
Uuu.-.i
TraouCo
.160,000
United Tnu-t. Co...
ztl 1,07-1,000
8.">,oo0
1488.000, Inc. »18.7S0 yly
R luelali'd In toll are the bonds Of
x See V. 73, p. 1011. ySeeV.Si' n 88
the Pittsburg & Birmingham Tract Ion Co.. snd the bonds guaranteed bv it. iho
outstanding amounts Ol Which are not Stated in circular.
The performance of the terms of each lease by the lessee thereunder Is to be guaranteed by the Philadelphia Company. Immediately upon the exeoutlon of the lease of the Pittsburg A Charlerol
St. Ry.. Mr. Mellon agrees to sell all of the shares of stock of said
Street Railway Company to this company for the sum of $709,ouo.
Mr. Mellon also agrees to transfer to this company without further
compensation the shares of stock of a number of street railway com-
panies organized by him, the construction of whose railways has not
been oommenced.
Southern Tractiok Co.—The owners of almost the eutire oapltal
stock of the Southern Traction Co. have agreed to sell their shares to
this oompany upon the basis of one preferred share ($50) and one
oommon share ($50) of the Southern Traction Co. for one common
share ($50) of this oompany. Negotiations are pending between the
owners of shares of several smaller companies and a committee of
directors to whom the matter was referred, which committee will report to the stockholders' meeting.
Securities. -There will be required. If the above transactions are
approved by the stockholders on Dec. 4, the following bonds and
shares of stock and funds (based on the acquisition of all of the shares
of the several companies):
EXCHANGE OF SECURITIES.
Securities to be issued therefor
Stock to be acquired—
New Bonds. Pf. stock. Oom. slock. Cask.
.
.
$
$
Pref. stock. $12,000,000.. 12,000,000 1,800,000
ConsolidatedTraotlonCo.—
Com. stock, $1.5,000.000
Pitts.
$
600,000
$
720,000
7.5U0.0C0
& Charlerol St. Ry
709,000
Southern Traotton Co.—
Pref. stock, $2,500,000.
)
-
Com. stook,$2,500,000.
{
2,600,000
Total of above
12,000,000 1.8C0.000 10,600,000 1,429,000
For the purpose of acquiring the shares of the several oompanles
and to provide the money to make the oash payments, it will be necessary to Increase the bonded debt and common stock of this oompany.
The increase in securities, above indicated, is therefore
recommended.— V. 73, p. 1011, 900.
Philadelphia & Lehigh Valley Traction Co.— Road in
Trenton, N. J.— See New Jersey
Co. above.— V. 73, p. 1011, 785.
&
1113
Reported Purchase.— Those in authority decline to confirm
Louin A; Suburban Ry. Co.
or deny the report that the St
will shortly be absorbed.— V. 72, p. ll;-Sb\
Southern Ohio Traction Co.— Enjoined. — At Cincinnati,
on Nov. 12, the Superior Court of Ohio in General Term
mto
denied the right of the company to ran ltn trolley
Cincinnati over the Cincinnati Northwestern KR. The latter was a steam road and was purchased by President Mandelbauin, of the Southern Ohio, and associates, who obtained
permission from the city to equip it for electric op-ration.
The Court holds that the statutes do not permit a steam
railroad to make a traffic arrangement with an electric railroad, or to run its cars over the other's lines, or vice versa.
O.,
V.
73, p. 1062, 814.
United Power & Transportation Co.— Proposed Rival
Line in Trenton.— See New Jersey & Pennsylvania Traction
Co. above.— V. 73, p. 288, 237.
United Traction Co. (Albany-Troy).— Bonds Offered.—
The Albany office of Spencer Trask & Co. is offering at a
price to net about 4% per cent a small amount of the company's \% per cent debenture gold bonds due May 1, 1919,
interest payable May and November; authorized issue, $1,250,000; issued to date, $202,000.
An
advertisement says:
bond Issue Is to retire as thev mature outstanding debenture bonds Issued by the constituent oompanles, and for adThe present outstanding amount of deimprovements.
ditions and
benture bonds issued by the constituent companies In $388,300, all of
whioh mature not later than 1904. The United Traction Co. agrees
that no mortgage or other lien will be piaoed upon any of its properties whioh will in any way etfeot the seourity of the 4^ per cent debenture bonds. The bonds are subjeot to oall at any time before maturity upon three months' notioe, but In oase they are so called the
oompany agrees to pay the holder "a 5 per oent Interest rate for the
unexpired term as calculated In standard Interest tables."— V. 73, p.
The purpose
of this
844,614.
Velasco Brazos
& Northern Ry.— Bonds.—This company,
successor of the Velasco Terminal Ry. has applied to the
Texas Railroad Commission for authority to issue bonds at
the rate of $11,376 per mile on its road from Velasco to Anchor, Tex., 20 miles.— V. 72, p. 1189.
,
INDUSTRIAL. WAS AND MISCELLANEOUS.
American Cigar Co.
Guaranteed Notes.— Blair
&
Co.of
this city are offering at 97J^ and interest a limited amount of
this company's $5,000,000 10-year 4 per cent gold notes, dated
March 15, 1901, due March 15, 1911, coupon in form and in
denomination of $1,000 each ; interest is payable on March
15 and Sept. 15. The prompt payment of both principal and
interest is guaranteed jointly and severally by endorsement
on each note by the Continental Tobacco Co. and the American Tobacco Co. These notes are redeemable at any interest
Philadelphia Trenton & New York RR.—See New Jersey payment date (on three weeks' notice) at the option of the
company at 102^ and interest to date of redemption. The
& Pennsylvania Traction Co. above.
company agrees that so long as any of these notes shall be
Light
Railways &
Co. of America.— Purchase.— This new
or unpaid that it will not make any mortgage
company has purchased about $150,000 of the $750,010 capital outstanding
lien or any other specific lien upon any of its properties,
stock of the Knoxville Traction Co. at a price "understood to
rights, franchises or privileges, unless provision be made
be about $10 per $100 share."—See V. 73, p. 1011, 185.
that these notes b6 secured pro rata with any other indebtedRichmond Fredericksburg & Potomac RR.— JVcw Directors. ness thus created. (See also V. 72, p. 1037.)— V. 73, p. 958.
—George W. Stevens, Samuel Spencer and John Skelton Wil
American Lanndry Machinery Manufacturing Co.— Corliams have been elected to the board, they and Judge W. J.
rection of Newspaper Report. This company has not been
Leake representing the individual stockholders. The State
incorporated as yet, notwithstanding newspaper reports.
of Virginia is still represented by T. Taylor Ellyson. Major E.
Charles A. Painter of Pittsburg, who had charge of the
T. D. Myers was re-elected President.— V. 73, p. 1011, 33.
financing, has been confined to his bed since September 15th,
Richmond Passenger & Power Co.— Bonds Offered— Earn- and is just; convalescing.— V. 73, p. 617.
ings
E. H. Gay & Co. are offering at par and interest a
American Sugar Refining Co.—Mortgage.—The $10,000,block of this company's first consolidated mortgage 5 per
000 mortgage of 1891 securing bonds never issued has been
per cent bonds. (See Street Railway Supplement, page
canceled in accordance with the recent vote of the shareThe bankers say they are informed the company earned holders.—V.
77.)
73, p. 959, 786.
net for the eight months from Jan. 1 to Sept. 1, 1901, nearly
American Tobacco Co. Acquisition.— The company has
$200,000.— V. 72, p. 1189.
acquired outright by purchase the properties of D. H. McRutland RR.— Consolidation.— See Chatham & Lebanon Alpin & Co. and possession will be taken about Jan. 1. AlValley RR. above.— V. 73, p. 1062, 1011, 1007.
though the consideration paid is not made public, the price,
St. Louis & San Francisco RR.— Listed in Boston.—The as generally reported, viz., $2,500,000, is authoritatively proBoston Stock Exchange has listed $27,307,800 common, $5,
nounced to be incorrect. Another report yesterday fixed the
000,000 first preferred and $14,277,000 second preferred stock
price at $1,100,000. The acquisition is said to have been arand $40,258,000 refunding mortgage 4s.—V. 73, p. 1062, 911. ranged some time ago.— V. 73, p. 617, 446.
900.
Bay State Gas Co.— Payment Made.— See New England
St. Louis & Suburban Ry.— See St. Louis Transit Co. beGas & Coke Co. below.
low.
Mandamus.— At Wilmington, Del., on Nov. 18 H. Content
St. Louis Transit Co.— Three- Year Notes.— This company, & Co. of this city were granted a mandamus requiring the
in accordance with the terms of its contract with the United company and President J. Edward Addicks to keep at the
Railways Co. of St. Louis, has expended large sams for bet- Wilmington office, for the benefit of stockholders, books
terments and improvements, construction of new power showing the issue and transfer of stock to the company. An
houses, additional e quipment, etc. For these advances it appeal has been taken. See V. 73, p. 339.
has received at par from the United Railways Co. of St.
British Westinghouse Electric & Manufacturing Co.—
Louis its general mortgage 4 per cent gold bonds and 5 per New Stock.— See Westinghouse Electric & Manufacturing
cent cumulative preferred stock. Being unwilling to dis- Co. below; also Westinghouse Electric & Manufacturing Co.
pose of these securities at present ruling prices, the St. Louis items, V. 69, p. 802, 232.
Transit Co. has funded its construction obligations, incurCommercial Pacific Cable Co.— Contract Let.— Thia comred and to be incurred to Dec. 31, 1902, into an issue of $6,pany
has let the contract for the manufacture and layper
cent
000,000 5
Three- Year Collateral Trust Gold Notes,
ing of the cable from San Francisco to the Hawaiian Islands,
redeemable at par at any interest period after one year upon
the contract price being about £600,000. George G. Ward,
sixty days' notice; principal payable Nov. 1, 1904; interest
Vice-President and General Manager of the Commercial
May 1 and Nov. 1. These notes are to be secured by a de- Cable
Co. (parent company), is quoted as saying
posit with the Mercantile Trust Co. of St. Louis, Trustee, of
The
seotion
from the Coast to Honolulu will probably be finished In
$2,877,000 general mortgage gold bonds and $5,272,< 00 5 per ten months and
the entire oable from Sau Francisoo to Manila will be
cent cumulative preferred stock of the United Railways oompleted and In operation. It Is expeoted. in two years. The total
Company of St. Louis. A syndicate has been formed by length of the oable'wlll be between seven and eight thousand miles.
is already oable connection between Manila and the main laud.
Brown Brothers & Co of this city to take from the Transit There
No action has as yet been taken by the Government In the matter, bat
Company the $6,000,000 notes above described.
Attorney-General Knox has given an opinion that there Is no obPennsylvania Traction
—
—
—
:
THE CHRONICLE.
1114
Btacle, so far as the
Pacllio oable
Government
la
ooncerned, in the
way
of laying a
between points on United States territory.— V. 73,
p.
1013.844.
Cumberland Coal & Coke Co.— New Officer— Nathaniel
Baxter Jr. has tendered his resignation as President of the
Tennessee Coal Iron & RR. Co., and after December 1 will
be associated with Col. Jere Baxter and the St. Louis syndicate as the executive head of the Cumberland Coal & Coke
Co.— See V. 69, p. 129.
Eastman Kodak Co.— Official Statement.—Vfe have been
favored with the following official statement in regard to the
new Eastman Kodak Co. recently organized in New Jersey:
The new company was organized In New Jeraey on Oct. 24, 1901,
with an authorized oapltal of $35,< 00.000 [of which $10,000,000 Is tf
per cent cumulative preferred]. No prospectus has been issued, as we
do not for the present at least intend to offer any shares to the public
The company was organized for the purpose of taking over all of the
capital stock or the entire undertaking of the General Arlsto Co. (V.
69, p. 387) and the Eastman Kodak Go. of Rochester, N. Y., and the
oapltal stook of Kodak, Limited, of London, England (V. 67, p. 1160,
1207) will be reduced so that it will represent only the English business, and the new New Jersey oompany will take over the oapltal
stook of Kodak, Limited, after It has been so reduced, and alao all of
the foreign business of Kodak, Limited. It Is proposed to purchase
these various oonoerns above enumerated with stook of the New Jersey company to the amount of aboat $19,600,000, and at present no
more of the stook will be issued than is sufflolent to take over this
property or suoh part thereof as can be purchased. No bonds will be
issued by the new oompany and none of t he companies which it Is
proposed to take over has ever issued any bonds. We hope to be able
to control all of the oapltal stook of the old oompanies and to merge
these oompanies in the new oompany, with the exception of the English company after its capital ia reduoed, so that there will be
only one oompany in this oountry owning the various interests above
referred to.
The "Stock Exchange Weekly
London says
Intelligence" of
Official
:
Fully paid-up 6 per cent preference shares for $3,055,500 and fully
paid-up common stock for $9,093,800 in the new Amerioan company
will de distributed among the members of Kodak, Limited, other than
the new Amerioan oompany, which itself will hold 250,000 shares in
Kodak, Limited. The shares thus available for distribution will be
distributed so that for every £1 preference share a member of Kodak,
Limited, will receive £1 Is. in the preference shares in the new
American company, and for every £1 ordinary share in Kodak, Ltm
lted, will receive £2 10s. in the common ehares in the new American
oompany. For this purpose £1 sterling will be taken as equal to
$4 85, The distribution of shares will be effected by way of reduction
of the oapltal of Kodak, Limited, and cancellation of all the shares in
that company, except those held by the new "American company.
Any shareholders who may be unwilling to exchange into the new
company will have the option for a limited time of ^selling their shares
or rights in the new Amerioan oompany for cash at the rate of £ 1. 2s.
6d. for each preference share and £2 10s. for each ordinary share of
Kodak, Limited.
The new American company will have nine directors, inoludlng Sir
James Pender, Lord Kelvin, George Eastman and Henry A. Strong,
all of whom are at present directors of Kodak, Limited, and Charles S.
Abbott, the Vice-PreBident of the General Arlsto Co. The management of the English business will remain under the control of the
Board of Kodak, Limited, as at present, and the businesses in the
colonies and abroad (exoept America) will be managed by the
Board of Kodak, Limited, as agents for the new American company.
The Amerioan businesses will, as heretofore, be managed by the board
in America.
See directors, etc., in V. 73, p. 902.
Edison Electric Illuminating Co. of Boston.— New Stock.
The Massachusetts Board of Gas Commissioners have
granted the petition to issue $750,000 additional stock recently authorized by the stockholders for extensions, and
have fixed the price to be paid therefor by the latter at $200
per share.— V. 73, p. 786, 680.
Flat-Top Coal Land Association.— Payment of Stock.—
The $3,714,100 preferred stock was called for redemption on
Nov. 1, 1901, at par and accrued dividends to that date. A
distribution of $160 per share on the $3,714,100 common
stock was made on same date. See E. W. Clark & Co. of
Philadelphia and Pocahontas Coal Co. in V. 72, p. 1283; V.
73, p. 142, 902.— V. 73, p. 140.
Franchise Tax in Illinois.— Assessment Levied.—The Illinois State Board of Equalization, obeying the mandate of
Judge Thompson, of the Sangamon Circuit Court, on Nov.
20 returned a franchise assessment aggregating $17,228,280
(contrasting with $1,750,000 for 1900) against the following
—
corporations, viz.:
-Capital stock.
Tangible
Jrull value. Ass'd value, property.
Fit"
,
Amount.
Net
assess't.
Chicago City Ry. Co... $18,000,000 $30,619,000 $6,123,800 $1,122,600 $5,001,300
People's Gas Light &
Coke Co
Chicago Telephone Co.
Chicago Kdison Co
South Chicago City Ry.
28,668,800
5,000,000
6,971,100
l,a03,S00
63,164,800
8,000.000
12,271,875
12,861,040
12,632,960
1,600,000
2,451,376
669,208
Total
3,416,893
824,731
653,614
135,322
9,217,087
776,266
1,800,761
433,886
$17,228,280
The
application of the Chicago Union Traction Co. to the
Federal Court for an injunction to prevent the levying of the
assessment was denied yesterday because of lack of jurisdiction, and new valuations aggregating, it is understood, $77,525,855 were announced for the Union Traction system.
The validity of the assessment has yet to be established,
and it is a question whether the Act will not be found either
unconstitutional or so defective as to require much modification before it can be enforced. The very severity of the
assessment, it is felt, may favor its ultimate defeat. —V. 73.
p. 902.
International Steam Pump Co. Guaranteed Bonds.— See
United States Manufacturing Co. below.— V. 72, p. 1191.
Kodak, Limited.— Exchange of Stock.— See Eastman
Kodak
Co. above.— V. 72, p. 629.
Lanston Monotype Co.— New Stcck.— The directors have
authorized the sale of $600,000
new
stock to provide for de-
velopment work, making the total outstanding issue $1,800,000. Two hundred machines, it is said, are now in use. The
[Vol. LXXIII.
general offices are to be removed from Washington to
York within a short time.— V. 72, p. 91.
New
Asphalt Co. New Committee— Deposits. — In
upon the holders of collateral gold certificates of the Asphalt Co. of America, mentioned laBt week
(V. 78, p. 1064), a committee composed of William F. Harrity, R. H. Rushton and A. W. Sewall, has been formed at
National
view of the
call
the request of a large number of the holders of collateral
gold certificates and of the preferred and common stock of
the National Asphalt Co., for the purpose of protecting their
interests.
In case a readjustment shall be found expedient,
the committee will endeavor to prepare a plan that will
recognize the equities of the different classes of securities without impairing the efficiency of the operating companies. Holders of the collateral certificates and stock of
the National Company are requested to deposit their securities with the Equitable Trust Co
Betz Building, Philadelphia, or with the Guaranty Trust Co., No. 32 Nassau St., N,
Y., in exchange for negotiable certificates on or before Dec.
15.
The agreement under which the deposits will be made
provides that depositors who may not accept any plan presented by the committee may withdraw their securities without any payment by reason of having made deposit thereof.
Edward B. Smith & Co., of Philadelphia and this city, say:
This oompany was capitalized upon the assumption that it had a
monopoly of the asphalt deposits and of the political influence which,
secured contracts. It has turned out that it had neither, and it therefore seems probable that Its capitalization will have to be readjusted
to aooord with competitive conditions. Its present annual charges— Including sinking funds- exceed $2,000,000. The Asphalt Co. of America
f sat current prioeB represent about $13, 500, OCO.
They have behind
them as security all [most of] the stocks of the constituent companies, $3,000,000 loaned to these companies as working capital, and
$1,500,000 invested by the Land Title & Trust Co. in marketable securities. The holders of these bonds could therefore expeot to get 5
per cent interest on their present price If the business can be made to
yield an annual net profit of $600,000; we Imagine that the actual
earning oapaclty is much In excess of this amount. The position of
the National Asphalt bonds is very different. The bulk of their collateral consists of the assessable stock of the old company. [See V. 70,
p. 530, 993; V. 71, p. 545, 700; V. 73, p. 290. ]-V. 73, p. 1064, 290.
,
New England Gas & Coke Co. Payment by Addicks Companies. The so-called Addicks companies have paid the
Coke Co. for bi- pro§120,000 due the New England Gas
duct gas, and were to resume the use of its gaa on Monday
plan of reorganization, it is
last.
(See V. 73, p. 794.)
Co.
thought, will be issued before long, Kidder, Peabody
having the matter under consideration. The plan, it is
Coke Co.
stated, will include only the New England Gas
The leading interests in the company are said at present to
be A. N. Brady, William L. Elkins and associates, Mr.
—
&
A
&
&
Whitney's holdings being
much
less
than formerly.— V.
73,
p. 1064, 794.
New York Dock
Co.— Directors.— Columbus O. Iselin,
Iselin Jr. and Samuel Thorne have been elected directors, Ernest Iselin and Frank H. Sickles retiring (compare V. 73, p. 141).
Application to List. The company has applied to the
York Stock Exchange for authority to list $11,500,000 first
mortgage 4 per cent bonds of 1951, $10,000,000 five per cent
Adrian
—
non cumulative preferred and
New
$7,000,000
common
stock.— V.
73, p. 680, 290.
Treaty Signed.—The
new Hay-PaunceCanal questions, and it is supposed abrogating the Clayton-Bulwer treaty, was signed at
Washington on Nov. 18 by Secretary Hay, for the United
States, and Lord Pauncefote, the British Ambassador, for
Great Britain.— V. 72, p. 535.
Panama Canal Co.— See Nicaragua Canal above.— V. 72,
Nicaragua Canal.
fote treaty, covering Isthmian
p. 939.
People's Gas Light & Coke Co. of Chicago.— Franchise
Tax.— See Franchise Tax in Illinois above.—V. 73, p. 1064, 960.
Pocahontas Coal Co.— See Flat Top Coal Land Association above.—V. 73, p. 1014, 902.
Tennessee Coal Iron & RR.— See page 1117.
United States Manufacturing Co.— See page 1117.
Van Choate Electric Co.— Sale.— The receivers (P. O. box
2329, Boston) are offering for sale the company's plant at Fox-
Mass.— V. 73, p. 188.
Westinghouse Electric & Manufacturing Co.— Option
boro,
—A
to
circular announces that the British WestingSubscribe.
house Electric Manufacturing Co. (V. 69, p. 802, 232) will
shortly place an issue of £250,000 additional preferred stock
to provide for the improvement and completion of the new
buildings now under construction in England. The stockholders of the Westinghouse (American) Company are given
the opportunity to subscribe for the new stock on or before
Nov. 25 through T. W. Siemdn, Assistant Treasurer, at par
The authorized capital is £1,000,000 6 per
viz., £5 per share.
cent preference shares (of which £750,000 has previously
been issued at par for cash) and £750,000 ordinary shares
(par £10) all of which have been iseued for patents and
property. The net profits for the last fiscal year of the
British company amounted to £49,071 from the sale and introduction of apparatus mostly made at Pittsburg pending
the erection of the new works at Manchester. The preference shares are entitled not only to a preference at the rate
of 6 percent per annum, but to a quarter of the profits available for dividends after 6 per cent has been paid upon both
classes of stock.— V. 73, p. 964.
,
EF* For other Investment News see Page 1117.
November
THK CHKON1CLK.
23, 1901.
L1
5
and JJcrcuweuts.
taports
THE BALTIMORE & OHIO RAILROAD COMPANY.
SEVENTY-FIFTH ANNUAL REPORT- OR THE
1
YEAR ENDED JUNE
BO, 1901.
Office of the Baltimore* Ohio Railroad Company,
Baltimore, October 3, 1901.
To the Stockholders of the Baltimore & Ohio RR. Company:
The President and Directors submit the following statement of the Company for the year ended June .'SO, 1901:
The Income Account. General Balance sir
and Operating statements, as shown in this report, incl
the operations of the Baltimore & Ohio Southwestern Rail*
in
road Company, which will explain sundry dili
figures quoted for 1900, in tin- tallies in this report, from
INCOME ACCOUNT OF THE BALTIMORE & OHIO RAILROAD
COMPANY (INCLUDING BALTIMORE & OHIO SOUTHWESTERN RR. COMPANY), YEAR ENDED JUNE 30, 1901.
those
I
\
Gross Earnings:
Freight
$85,553,871
9,054,601
1,191.073
942,018
372,865
Passenger
Mall
Express
Miscellaneous
87
63
30
16
71
$47,114,430 57
Dividends and Interest on Securities owned
Western Union Telegraph Company Annuity
House Rents and Miscellaneous Receipts
589,16804
60,000 00
207,625 38
_$47 1971,223 99
Operating and Other Expenses:
Maintenance of Way and Structures.. $5,721,695 37
6,104,309 50
Maintenance of Equipment
16,609.910 98
Conducting Transportation
2,610,314 68
General Expenses
_
$31,046,230 53
Net Earnings Wash. Br., lnoluded in System Earnings..
168,364 57
Interest and Rentals
$8,148,512 31
Taxes
970,504 32
9,119,016 63
Miscellaneous Improvements
240,932 19
Balance Appropriated as follows:
Dividends Preferred Stock
$2,400,000 00
Common Stock
900,000 00
Discount and Com'n on Securities Sold..
Additions and Improvements
Unappropriated Surplus
•
shown
report of last year.
in
comparison of the earnings, expenses and operations of
the Baltimore & Ohio Railroad Company (including the
Baltimore & Ohio Southwestern Railroad) for the twelve
months ended June 30, 1901, with the twelve months ended
June 80, 1900, shows the following:
\
$4,331,322 73 or
Increase in gross earnings
3,218,014 16 or
Increase in operating expenses
1,113,308 57 or
Increase in net earnings
3,566,017 70 or
Increase in earnings from Freight
619,699 59 or
Increase in earnings from Passengers.
6,422 95 or
Increase in earnings from Mail
92,482 93 or
Inorease in earnings from Express
46,699 56 or
Increase in earnings from Misoellane's
912,954 54 or
Increase in expenses Main. Way & Strs.
979,259 98 or
Inorease in expenses Main of Equlpm't
Inorease in expenses Con. Transport'n 1,046,939 51 or
278,860 13 or
Increase in expenses Gen. Expenses...
Ratio of Expenses to Earnings, 1901
Ratio of Expenses to Earnings, 1900
The percentages
7,396,680 07
$47,971,223 tftf
-54
10-88
14-31
1898
673
"
"
11-96
"
6589
per oenl
"
19-11
of total operating expenses were:
1901.
2,500,0f000
1,388,985 02
TRAFFIC MOVEMENT (COMPANV'8 FREIGHT NOT
1900.
17-3 per cent
184
"
55*9
"
8-4
"
100-
100-
INCLUDED.)
1901.
Increase or
Decrease.
1900.
FREIGHT MOVEMENT.— (All commodities.)
•Tons carried
Tons carried one mile
Average distance oarried (miles)
Average earnings per ton based on exclusive
Average earnings per ton per mile (cents)
81,895.143
1,633,370
33,528,513
7,140,897.000 6,795,539.651 345,357,349
•07
212-9*
213 05
100
6
106
freight revenue (cents)
Freight train mileage (switching exoluded)
Average earnings per freight train mile
-498
•471
027
18,700,632
$1,901
18,570,571
$1,723
130.0P1
•178
*80FT COAL.—
Tons oarried
Tons oarried one mile
Average distance oarried (miles)
Average earnings per ton (cents)
Average earnings per ton per mile
13,346.700
10,787,137
2,688,330,974 2,211,056,767
204-97
20142
70-3
567
•349
•277
(oents)
"
"
"
"
734
65-04
Maintenance of Way and Structures... 18 4 per cent
"
Maintenance of Equipment
197
53-5
"
Conducting Transportation
8-4
"
General Expenses
$3,300,000 00
207,695 05
10-12 per oent
"
11-56
7*44
"
"
11-14
1
j
|
J
Per Oent.
512
Ino.
5-08 Ino.
•03 Deo.
600
Ino.
5-73 Ino.
•70 Ino.
1033
Ino.
Figures for 1900 do
not inoiude Southw'n
Div., no separate record of the movement
of soft coal having
been kept o n that line.
AVERAGE NUMBER OF TONS HAULED PER TRAIN MILE—
Philadelphia Division
Main Line
Pittsburg Division
Trans-Ohio Division
Southwestern Division
Average for the System..
376
390
420
252
881
324
374
383
376
330
366
19-4
18-4
11,660.900
458,294,750
11,665,862
458,760,150
39-33
72
1-839
11,220,081
319
Average Ncmbek of Tons Per Loaded Oar
5
2
1-54 Deo.
•53 Ino.
1-83 Inc.
7
44 11-70 Inc.
22 6-67 Inc.
15
10
410
Inc.
5-43 Ino.
PASSENGER MOVEMENT—
Passengers carried
Passengers carried one mile
Average distance carried (miles)
Average earnings per passenger based on exclusive passenger revenue (cents)
Average earnings per passenger per mile based on exolusive passenger revenue (oents)
Passenger train mlieage
Average earnings per passenger train mile based on exclusive passenger revenue (oents)
Average earnings per passenger train mile, lncl. Mall, Express, Excess Baggage, etc. (ots.)
3931
78
1-975
11,347,085
79-8
99-2
4,962
04 Deo.
465,400
02
•10 Deo.
•05 Deo.
8-33 Ino.
7-40 Ino.
113 Inc.
6-12 Ino.
576 Ino.
6
•136
127,004
752
46
93-8
a 4
ALL TRAFFIC.—
Gross earnings per mile of road
Gross expenses per mile of road
Net earnings per mile of road
$14,648 82
9,652 89
4.995 93
*The ton weight on soft coal to Tide and Eastern Points
is
2,240
lbs.;
TONNAGE OF THE YEAR, WITH COMPARISON.
The Tonnage moved on the entire system is shown by the
following statement:
Tons oarried
ia 1884..
.629,048
"
'•
1885..
1885... 8,422,936
" 1H86...
9,807,686
"
1887.. .10,572, 893
" 1888.. .11, 195,940
" 18S8...12.16l,3sO
" 1890... 13,988. 176
1891. ..14,858,972
•'
1892. ..15,738,859
'
Tons oarried
•
•<
"
"
»
"
"
"
"
"
in 1893... lfi.356,405
1891. -.13,357,175
1895. ..16,080,423
" 1896.. .17,881,927
1897...1K.716.655
» 1898. 21.986,220
'•
)899. 25,057.178
" 1900 ..^8.366,696
1901. ..33,528,513
•'
CONSTRUCTION AND BETTERMENTS.
The aggregate expenditures for Construction and Betterments for the twelve months have been
$9,221,995 38
For the twelve months ended June 30, 1900, they were. 3,034,754 32
An
increase forthal2nionthsended JuneSO, 1901, of.$6, 187,241 06
to Western Points
This
sum
$13,461 72
8.756 16
4,705 56
and on Trans-Ohio. 2,000
$1.187 10 8-82 Ino.
896 73 10-24 Ino.
290 37
617
Ino.
lbs.
of $9,221,995 39 has been distributed as follows:
Lines East of Baltimore
Main Line and Branches
West Virginia and Pittsburg Division
Monongahela Division
Pittsburg Division
Middle Division
Northwestern Division
Southwestern Division
Total
$328,421
3,368,096
202,634
36,492
1,441,093
211,518
1,865,790
1,767,347
56
71
52
54
58
02
47
98
$9,221,995 38
and charged as shown on page 18 of pamphlet.
These expenditures for improvements and additions to
the property are shown in table Analysis of Construction,
pages 14 to 18 of pamphlet.
THE CHRONICLE.
1116
EQUIPMENT-ENGINES AND CARS.
Brought forward:
Lighter (Jalther
The Baltimoke & Ohio Railroad company.
"
Referring to Table "E" (page 29), 74th Animal Report,
It will be seen that the entire equipment in servloe
June 30, 1900, comprised 1,034 Locomotives, 4 Eleotrlo Motors. 696 Passenger Oars, 50,983 Freight acd
Servloe Cars and 10 Spare Tenders
$27,492,735 73
There have been charged to
account during the fiscal year
[Vol. LXXIII.
this
9sos,740 37
33
3,933
3,933
3,933
3,933
3,933
3,933
4,162
Monrovia
Aral.y
"
"
"
Weverton
Sunnyslde
Roxbury
"
Hyattsvllle
"
"
Jessup
Randolph
:
$116,747 81
Through purchase and construction
at Company's works: 111 Locomotives, 1 Olllcer's Car, 3 Combination
Cars, 2 Dining Cars. 5 Baggage and
Mall Cars, 1,325 Freight and Servloe
Cars and 10 Express Cars
$2,961,842 86
36,536 26
(6) Through Betterments applied
There have been additional payments, completing purchase price
of the following:
Tug John K. Cowen
Lighter Panope
2,998,379 12
$30,491,114 85
made
3.3
33
33
33
33
00
4,16100
(a)
Credits have been
33
33
$5,980 09
396 34
333 HO
365 06
375 25
Rowena
"
"
Rosedale
Oatalpa
"
7,450 54
for value of
Payment on account
25 Locomotives, 6 Passenger Cars, 3 Refrigerator Cars,
751 Freight and Service Care and 1 Express Car,
"pat out of service" through condemnation, wreck,
destroyed on Foreign Roads, by sale and by Are
of:
CarFioat 159-N
7,000 00
184,231 17
Total additions
131,198 35
$30,306,883 68
Total
being the value of
$723,938 72
There has been credited
1,120 Locomotives, 4 Electrlo Motors, 708 Passenger
Cars, 51,556 Freight and Service Cars and 10 Spare
Tenders.
The amount of reduotion for equipment "put out of
Amount recovered through insurance
Total value Marine Equipment: June 30th, 1901....
$107,297 69
18,670 58
Being the value
Charged to Operating Expenses for
the year
$184,23117
58,262 90
Equipment Delivered and Paid For
to
Passenger EquipmentPullman Co.,
25 Coaches
3 Parlor and Dining
The report of the Relief Department for the twelve
months ended June 30, 1901, will be printed for distribution
to the members. The following shows the condition of
$150,000 00 that Department
The active memb-rship at the close of the fiscal year was
37,242, being an increase of 2.570 as compared with the pre-
igoi.
vious year.
$184,475 00
34,050 00
218,525 00
Equipment$1,455,403 50
252,380 00
1,138,726 50
„
Total
The receipts and income during the year ended June
30,
1901, have been
And the disbursements have been
From the commencement of the Relief Association to the
Co.,
2,500
of:
RELIEF DEPARTMENT.
June 30th,
Looomotives —
Burnham, Williams <&• Co.,
10 Locomotives (paid on account)
$718,988 72
12 Steam Lighters and Tugs, 79 Barges and Floats, 2 Pile Drivers,
45 Canal Boats, 1 Wharf Boat.
Southwestern Equipment Company.
Box Cars
500 Flat Cars
Pressed Steel Car Co.,
1,250 Steel Cars
4,950 00
$184,231 17
Salvage
Pullman
account during
Depreciation of Canal Boats
servloe," viz
is accounted lor as follows
Freight
this
the year:
close of the fiscal year the disbursements have been
2,846,510 00
$3,215,035 00
The Baltimore & Ohio Southwestern Railroad Company.
$625,527 62
638,275 40
8,078,688 76
The amount due depositors by the Savings
was
feature
At the close of the fiscal year 1900
At the close of the fiscal year 19T1
The deposits during the fiscal year have been
The withdrawals of the depositors during the
$1,518,328 08
1,906,443 90
652,649 61
fiscal
year have been
The equipment
of this
Company on June
30, 1900,
com-
prised:
264,533 79
The amount due by borrowers under the provisions of the Savings Feature was
:
228 Locomotives, 12,245 Freight and Service Cars, 203
Passenger Cars
$5,794,088 76
There have been charged to this account during the fiscal year:
{a) Through purchase and construction
at Company's works;
8 Freight and Service Cars, New
Equipment for Steam Shovel
$15,33185
<6> Through Betterments Applied
3,€87 62
19,019 47
$5,813,108 23
Credits have been
made
for the value of:
Locomotive, 193 Freight and Service Cars, 1 Passenger Car, "put out of service" through condemnation,
wreok, destroyed on Foreign Road, sold and by fire..
1
54,319 07
$5,758,789 16
Being the value
of:
227 Locomotives, 12,060 Freight and Bervloe Cars, 202
Passenger Cars
The amount of reduction for equipment "out out of
Is
service," viz
accounted for as follows:
$54,319 07
Salvage
Amount recovered through
Insurance..
Charged to Operating Exp.for the year.
$34,813 05
980 63
18,525 39
54,319 07
MARINE EQUIPMENT
The amount, at
June 30th, 1900. representing the
value of Marine Equipment as shown on General Balance Sheet, page 18 of the Seventy-fourth Annual
Report was
struction of the following
Tug Oscar G. Murray
Barge2.VB
Storrs Wharf boat
Lighter Rookwood
"
"
"
"
"
Rivervlew
Romney
Harpers Ferry
Fenwlok
Warfleld
.
$35,862 57
9,387 4 6
9,769 89
4,481 25
4,67^00
00
00
00
4,675
3,945
4,162
3,933
33
close of the fiscal year
close of the fiscal year
1900
1901
$990,202 53
1,080,145 62
An extra dividend of one and one-half per cent was de"
clared on all deposits drawing interest at the close of the
fiscal year, thus making the interest for the year equivalent
to five and one-half per cent per annum.
The funds of the Savings Feature are loaned only to employes of the Company, to enable them to purchase or improve homesteads or to release liens thereon.
At the close of the fiscal year there were 332 names on the
pension roll, the disbursements on this account for the year
having been $55,830 61, and for the whole period since the
establishment of the Pension Feature, October 1, 1884,
$561,345 32.
On May 28th, 1901, Mr. L. F. Loree was elected President
of the Company, effective June 1st, Mr. John K. Cowen
having tendered his resignation, effective that date.
Mr. John K. Cowen was appointed General Counsel, vice
Guthrie, Cravath and Henderson.
Messrs. Guthrie, Cravath and Henderson continue to act
as Special Counsel.
Second Vice-President and General Manager F. D. Underwood and Assistant General Manager Daniel Willard having
resigned to take service with another Company, Mr. Geo. L.
Potter was appointed General Manager. Arthur Hale Assistant General Manager, and L. G Hass, J. T. Leary andT. J.
Foley Assistants to the General
Manager, effective
June
debit
There has been debited this account during the year for con-
At the
At the
1st.
On June
$592,740 37
12 Mr. David C. Green was appointed Assistant
Secretary, with headquarters in Philadelphia, and on June
18th Mr. W. H. Williams was appointed Assistant Secretary with headquarters in Baltimore.
The President and Directors take great pleasure in acknowledging the faithful and efficient services of the officers
and employes during the past fiscal year.
By
order of the Board,
L. F.
LOREE,
President.
November
23, 1901.
THE CHRONICLE
J
1117
GENERAL BALANCE SHEET YEAR ENDED JUNE
Capital assets.
Cost ( Road, Including Bonds and Stooks pledged
with Trustees as security for Funded Debt Issued. ...$236,279, 555 70
c
Equipment$30,306.883 68
718,988 12
Rolling Stock
Marine Equipment
31,025,872 40
655,383 08
Gas and Eleotrlo Plants
Real Estate—
Miscellaneous
Property at Washington, D. C
$10,995,342
M
Capital liabilities.
Capital StockPreferred
$59,361,267 31
Common
45,ooo, coo oo
Funded Debt—
$70,000,000
Prior Lien 3>«% Bonds
(.'6,000,000
First Mortgage 4% Bonds
Middle Div. Prior Lien 8"*% Bonds.. 13,nl<>,ftM0
42,(00,000
Southwestern Division 3 >9% Bonds
.
$104,361,267 31
00
00
00
00
1,234,519 00
12,229.861 57
1 2,765,473 00
& O. RR Co
held to retire Old Bonds and
Cost of other Roads owned by the B.
Hew Bonds and StookB
30, 1901.
308,344 90
Stocks, as per Plan
$293,264,490 65
Total
191,810,530 CO
Four Per Dent Ten -Tear Gold Convertible Debentures, Instalments
8,303,920 00
Capital Liabilities Issued
$304,47.^,717 31
Ground RentLlens(Capltallzedat6%)..
Re 1 Estate Mortgages—
$483,274 34
$15,650 00
Mlsaerlaneous
l'roperty at Washington,
DO
727,254 14
772,904 14
Old Bonds and Stocks not deposited
under Plan
tar Trust Bonds and Lease Warrants
not matured
Monon. Rlv. RR Co O^rTrust Warrants
Monon. Klv. RR Oo. IstM. 5% Bonds
W. Va. & Pitts. RR Co. IstM. 4% Bonds
Sch Rlv.E.S.RR.Oo.lStM. 5% Bonds
.
Capital Liabilities
176,411 00
85,390 98
441 ,500 00
700.000 00
4,000,000 00
4,500,000 00
Assumed
11,559,480 46
$316,035,197 77
Total
Miscellaneous Assets.
Interest paid in advance and Insurance
Miscellaneous and Contingent Liabilities.
unexpired
Cash In hands of Fiscal Agents to pay
outstanding coupons
Balance due from other Roads In General Account
Due to Railroads In General Account..
Due to Wash. Br., including Annuities.
$61,250 19
Dividends and Interest prior to 1st of
16,209 80
1,974,192 14
1,392,444 25
Total.
Current
Current Assets
Liabilities.
Pay-Rolls
$1,802,533
7,636,634
1,512,482
Unclaimed Wages
59,088
Accrued Int. on Fund Debt and Loans. 3,081,186
Dlvs. on Stooks declared and unpaid..
2,169,486
Individuals and Companies
2,291,175
Accrued Taxes
876,875
Baltimore & Ohio Relief Department .
789,476
Cash Assets
on Hand and in Banks
Agents' Balanoes
Trarflo Balanoes
Bills and Acoounts Receivable
Ca.-h
of
25,700 85
July, 1898, unoalled for
2,051,652 13
Total
Bonds
$150,137 17
,216,606 23
1
Sundry Companies
Stocks of Sundry Companies
Material on Hand
$1,616.512
3,579,039
2,036,62«
3,307,597
85
48
52
$13,539,776
14,105,260
12,609,959
3,282,162
49
28
02
77
Bills and Aooounts
Trafflo Balanoes
64
Payable
62
03
95
83
4H
00
97
88
49
Total
43,537,158 56
Total
19,718,940 25
aDd Loss—
Balanoe year ended Jane 30, 1900..
Less Adjustments (Net Balance)
Profit
$633,739 16
316,005 11'
$317,734 05
Unappropriated Surplus
ended June 30, 1901
year
1,388,985 02
1,706,719 07
$338,853,301 34
We
have examined the above Balance Sheet and relative Income Aecount with the books of the Company, and
certify the
We
$338,853,301 34
we
same
duly
to be correct.
verified the securities in the
hands
of the various Trustees
and
in the Treasury.
Price,
September
30,
Tennessee Coal Iron & RK.— Steel Rails.— The steel
mill which has been under construction at Ensley is
about completed, and it ie expected that the company will
be turning out steel rails in January. The mil), which is the
only rail mill south of Pittsburg, will have a capacity of
rail
100,000 tons per
annum.
President.— See Cumberland Coal
Watekhouse &
Co.,
Auditor?.
1901.
&
Coke Co. above.—V.
73, p. 554, 86.
United States Manufacturing Co.— Exchange of Stock for
Guaranteed Bonds. A stockholder^ committee composed of
Edmund C. Converse, Chairman, Wm, Nelson Cromwell and
Charles A. Spofford, announce that holders, to a large
amount, of preferred and of common stock of the United
States Manufacturing Co. and of the Holly Manufacturing
Co have entered into a stockholders' agreement for the pur-
—
,
pose of effecting a conversion of their respective holdings
into Holly Co. first mortgage 5 p. c. 20-year guaranteed gold
bonds, under an agreement between the committee and the
International Steam^Pamp Co., and for other protective purposes.
All stockholders of said companies are offered the
opportunity of participating in the benefits of the agreement
by depositing their stook certificates with the Metropolitan
Trust Co., 37 Wall St., as Depositary, on or before November
The bonds above mentioned are to be part of an
30, 1901.
issue limited in the aggregate to $700,000, and guaranteed
both as to principal and interest by the International Co.
The relation of the companies appears from the following:
The International controls the Henry R. Worthlngton Co., which in
turn owns or controls all the $2,500,000 common stock and part of the
$482,000 cumulative 8 per cent preferred stock of the U. 8. Mfg. Co.
The last-named company owns $420,000 of the $790,000 oapltal stock
of the Holly Co. The last-named company owes, It is said, $427,000
to the Worthlngton Co. and over $100,000 to other parties. (Compare
V. 68, p. 723.)
Of the new bonds, $500,000 will be issuable in exchange
for the outstanding preferred stock of the Manufacturing
Company, probably in amounts equal to 95 per cent of the
face value of snch stock. Holders of outstanding Holly
stock will receive an amount of the bonds equal to 20 per
cent of the face value of their shares.
—
The report on the ptr.odical examination of the Mutaal
Benefit Lite Insurance Company of Newark, N. J., by the
Department of Banking and Insurance of New Jersey is published on page viii. The examination was made particularly
fcsatestof the correctness of the company's annual statement filed at the beginning of this year, showing its business
for the year 1900 and its condition on December 81, The
company's assets at that date are given at over seventy-four
million dollars and its surplus at over six millions. The report states that "everything was found correct" * * *
and that " the records and personnel of the company indicate a perfectly straightforward administration solely in the
interests of the policy holders." * * *
—
A large statistical map or chart of the State of Nebraska,
issued by the Bureau of Labor and Industrial Statistics, has
been received. Besides a map of the State it contains information concerning a great variety of subjects calculated
to give an idea of t he resources and industrial condition of
this State.
Among the subjects treated are Farm Lands and
help, Union Pacific Lands, State Fisheries, State Labor Organizations, Vacant Government Lands, Population, Area,
Organization, etc., of Counties, South Omaha Stock Market,
Nebraska Public and Private Schools, Nebraska Banks,
Libraries and State Institutions, etc. Mr. C. E. Watson, of
Lincoln, Neb., is the State Deputy Commissioner of Labor.
—Mr. D. G. Boissevain, a director of Norfolk & Western,
has made an exhaustive analysis of the results from the
operation of the road during the past five years. He points
out that nearly $5,000,000 in five years has been spent from
earnings for betterments and additions instead of charging to
capital account as is the English custom.
Copies of the circular may be had from Bjissevain & Co., 15 Wall Street.
—Scott & Stringfellow, bankers, of Richmond, Va., have
issued a circular containing a comparison of the results from
operation of the Chicago Milwaukee & St. Paul and the
Louisville & Nashville companies.
—Frederick H. Shelton, 112 North Broad St., Philadelphia,
has issued a pamphlet regarding the various gas companies
with which he is connected.
THE (JtfhONlCLK
1118
5KIxc
COTTON
i&ommzvtml %imzs.
COMMERCIAL EPITOME.
Friday Night, Nov.
22, 1901.
Considerable interest has been shown by the business world
in the proceedings at Washington of the convention of manufacturers relative to reciprocity. Indications were that the
business interests of the country were largely in favor of
much
seemed to exist as
to the nature of the changes desired. The condition of business throughout the country has been reported as good
With the advance of the season the activity of the holiday
goods trade has been quite pronounced, and other seasonable
goods have been moving freely. In the speculative markets
there have been no radical changes, prices generally showing a good undertone. Reports from^thejwinter-wheat belt
have been to the effect that more moisture is'needed for the
growing crop.
Lard on the spot has been firmer. Locally {business has
been quiet, but advices from the West have reported fair
reciprocity treaties, but
sales, part for export.
The
close
was steady
at 9'lOc.
May
7-10o.
June
715o.
Aug
5
7-350.
Bept
7*40e.
sugars have been steadier under light offerings, closing at 8%c. for centrifugals, 96-deg. test, and 3J4c. for muscovado, 89-deg. test,. Refined sugar has been quiet and unchanged at 4 90c. for granulated.
Other staple groceries
have been steady to firm.
Kentucky tobacco has been quiet but steady. Seed leaf
tobacco has had only a limited sale, but prices have held
steady. Sales for the week were 1,500 cases, as follows : 300
cases 1899 crop, Pennsylvania seed leaf at 12@12}£c; 500
cases 1900 crop, Pennsylvania seed leaf, ll@12c. 500 cases
1900 crop, Wisconsin Havana seed, 18c. 100 cases 1899 crop,
Connecticut Havana seed, 18@30c, and 100 cases 1S99 crop,
Connecticut Havana seed leaf, 20c. Foreign grades of to6-70o.
Utct\ptt a'.—
Tua
Mon.
Sat.
Wed.
Raw
Fri.
Total.
8,902 18,530 14,520 10,446 8,236 12,232 67,866
Pass, Ac.
1,987
1,987
New Orleans... 15,800 15,776 12,717 24,247 20,314 11,157 100.011
Mobile
718 1,709 1,749 1,312
498
263
6,249
Pensacola, <fco.
14,882 14,882
8,344
9,573
8,068
8,474 9,202 10,636 54,297
8a>b.
Brunsw'k.Ac
Uharleston.....
1,595
3,426
1,881
3,202
Pt. Royal.Ao
Wilmington
Waah'ton.Ao.
1,623
2,669
3,229
2,293
10.849
951
121
2,176 4,062
Norfolk
3,144
2,356
2,799
2,617
1,392
1,753
1,726
1,260
1,678
950
1,287
448
853
1,776
267
N'p't
Baltimore
50
Phlladel'a, Ao..
75
for Straits tin closed firm and higher for spot
supplies, owing to a temporary scarcity. Tnere were buyers
at 28"50c.
Ingot copper has had only a small sale, but prices
have not changed from 16'85@17c. for Lake, closing steady.
Lead h^s been dull and unchanged at 4-37i£c. Spelter has
been quiet but steady at 4"30c. Pig iron has continued in
active demand and firm; the range of prices is $13 00@16 00.
Refined petroleum has been unchanged, closing steady at
7'65c. in bbls., 8'75c. in cases and 5-lOc. in bulk.
Naphtha
has been unchanged at 905c. Credit balances have been un
changed at §1 30. Spirits of turpentine has weakened
slightly, closing quiet at 37}^@38c.
Rosins have advanced,
closing firm at $1 55@1 60 for common and good strained.
Wool has been quiet but firmly held. Hops have sold slowly
aDd the undertone of the market has been easy.
25
42
42
3,550
1,329
1,082
6,284
15,858
1,329
8,010
5,745
6,284
170
505
675
185
week 44,884 49,242 47,845 55,342 45,249 80,497 323,059
rot. this
The following shows the week's total reoeipts, the total sinc e
Sept, 1,1901, and the stook to-night, compared with last year.
1901.
Receipts to
Nov. 22.
This
week.
Salveaton... 67,866
Sab. P., Ac.
1,987
STew Orleans 100,011
Mobile
6,249
P'saoola, Ao. 14,882
Savannah...
Br'wlok.Ao
Oharleston..
P.Royal.Ao.
Wilmington.
Wash'n, Ao
STorfolk
N'portN., AcNew York...
Baltimore
.
voeek.
Stock
Since Sep.
1, 1900.
1901.
892,998 102,084 772,343
641
17,669
11,052
824,987 95,831 1,032,633
81,464
4,895
66,006
53,918
7,650
43,316
555,321 26,435 502,924
62,947
2,043
40,253
120,148
8,434 154,253
480
214
6
153,955 10,730 166,371
218
373
18
190,425
180,268
9,151
6.819
1,727
15,969
39,900
2,869
10,262
25,450
61,602
9,107
28,925
897
18,038
9.987
587
7,195
54,297
10,849
12,982
121
16,042
42
15,858
1,329
8,010
5,745
6,284
505
Phlladel.Ao.
1900.
This
Since Sep.
1, 1901.
1900.
184,956
221,647
269,846
29,346
294,861
27,120
143,082
10,578
39,476
88,225
5,489
23,086
12,546
15,052
30,262
78,997
35,000
14,630
5,580
37,707
7,869
41,861
33,000
9,661
4,850
855,460
810.428
1,111
323,059 3,065.609 283,085 8,078.072
Totals
In order that comparison may be made with other years,
totals at leading ports for six seasons.
we give below the
at—
Receipts
aalves'n.Ao.
News, Ac
1,329
others...
46,275
102,705
95,831
4,895
26,435
8,440
10,748
9,151
1,727
23,153
wk. 323,059
288,085
New Orleans
Mobile
Savannah
Ohas'ton, Ac
WHm'ton, Ac
. .
Norfolk
N.
1899
1900.
1901.
a,ll
Cot. this
69,853
100,011
6,249
54,297
13,103
16,084
15,858
1897.
1898.
1896.
105,198
134,169
17,106
40,548
18,098
11,751
41,764
243
27,196
69,159
88,491
16,937
44,509
15,017
12,591
36,822
13,197
138,663
92,347
10,836
49,801
24,501
14.648
84,106
2,206
54,949
263,741
422,057
396,053
313,526
98,842
64,901
7,282
43,117
9,599
7,231
19,085
487
899
29,101
Since Sept. 1 30C5.609 3078,072 2822,853 4014,304 3741,831 3554,971
week ending this evening reach a total
whioh 99,413 were to Great Britain, 39,966
Below
to France and 98,444 to the rest of the Continent,
ire the exports for the week and <>fnop Sppt, 1 1Q01
Wuk Mndin* Nov. 28, 1W>1 *V..n. <ft. 1001, to Nov. 28, 1901
The exports
for the
of 287,823 bales, of
Mxponed to—
BxvorU
'rom—
Qriai
Brit'n.
Uontintnt.
19.170
28,928
Frmnee
2ota
Week
;
bacco have been quiet but steady.
10,849
12,982
121
16,042
1,927
News, Ac.
New York
;
The market
thurt.
Galveston
for
vanced. The close was steady at 9'25c. for refined for the
Continent. Speculation in the market for contracts has been
fairly active and prices have advanced on shorts covering,
stimulated by the disappointment in the hog receipts. The
close was at a slight reaction from top prices.
DAILY CLOSING PRICKS OF LARD FUTURES.
Sal.
Hon. Tuct. Wed. Thurt. Fri
9-12 9-27
8-92
920 910*
November.
The demand for pork has been limited, but prices have advanced. The close was quiet at $15 50@16 50 for mess,
$17 25@17 50 for family and $17@19 for short clear. Cut
meats have been in fair demand at firm prices, closing at 7@
734c for pickled shoulders, 9%@10%c. for pickled hams and
83^@10c. for pickled bellies, 14@10 lbs. average. Beef has
been quiet, closing at $10@10 50 for mess; $10 50® 11*50
and $17 50@18 25
for packet, $1150@12 50 for family,
Tallow has been firm
for extra India mess in
tcs.
and the close was at 5%®5%c. Stearines have advanced
to 10c. for lard stearine; oleo stearine was quoted at
9%c. Cotton seed oil has had a better sale and prices have
advanced to 35^(3) 36*^c. for prime yellow. Butter has continued in small supply for desirable grades, closing firm at
17@25c. for creamery. Cheese has been in fair demand and
firmer at 8^@l(%c. for State factory, full cream. Fresh
eggs have been firm and higher for the best grades, closing
at 29c. for choice Western.
Brazil grades of coffee have been dull. Crop news from
Brazil has continued favorable, but they have practically no
influence. The trade generally has been an indifferent
buyer, owing to the unprecedentedly large supplies in sight,
and owing to the absence of demand prices have gradually
sagged. The close was Bteady at 6%c. for Rio No. 7. West
India growths have been dull, but as there has been no pres
sure to sell, prices have held nominally steady, with good
Cucuta quoted at 9@9}^c. East India growths have been
quiet but steady. Speculation in the market for contracts
has been less active, and there has been a downward drift to
prices under the unfavorable trade reports. The close was
firmer on stronger foreign advices. Following are the closing asked prices:
7-250.
Nov
6 60o. Maroh
6-90o. July
6600.
Friday Night, November 22, 1901.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below, For the week onding
this evening the total receipts have reached 323,059 bales,
against 380,004 bales last week and 355,484 bales the previous
week, making the total reoeipts slnoe the 1st of 8ept., 1901,
3,065,609 bales, against 3,078,072 bales for the same period of
1900, showing a decrease since 8ept. 1, 1901, of 12,463 bales.
difference
prime Western and 8'50@8-70c. for prime City. Refined lard
has been reported as selling slowly, but prices have ad-
Deo
Jan
[Vol. LXXI1I.
ialveiton
f-'tst
TriU
Itrmnee
.,
_
48,088
t">
^2 076,141,999
71,016
243.977 101,059
Oor»Mn«nt.
4,656
47.529
1,656
Charleston...
Port Boyai
5 426
6,426
30,606
21,182
209.976
8,466
197.692
7,546
20,288
107,567
10,924
11,975
Wiimtrnrtoi'..
18,784
18.784
69,128
78.734
jab. Past, Ac.
400
if aw Orleans.
Mobile
10.166
Pentaaola....
6.360
Sarannah
Srnniwlok
8,999
.
.
32,610
18.960
2,050
26,280
7 356
6,6*99
12,959
£6 778
1,700
81,174
100,063
28,007
Norfolk
48.740
319,648
41,530
36,157
8,231
11,582
6.796
8,187
15.283
115 542
1.606
19
4,561
51,689
698
Baltimore
3,595
1,186
4,720
18,738
13,467
7,308
700
r'Qiladeiprila.
Total
33,886
11,582
Sotton
Total, 1P00
111,860
542,728
1.266
1.266
3.132
684,050
10,518
8.831
Vport N., SoNew York...
ian (fran..»<i.
?»tml.
3,132
81,941
201,791
62,887
32.203
200
900
21.420
24,480
89.413
39,806
98,414 237,b23 1,058.622 274,078
880.868 2.193.583
1212 2
26.779
40,458 188.169 1.155.F01 233.689
770.074' 2.169,564
November
THE CHRONICLE.
23, 1901.
In addition to above exports, our telegrams to-night aino
give us the following amounts of ootton on shipboard, not
add similar flgurep for
cleared, at the ports named.
Mew York, whloh are prepared for our special use by Messrs.
IfUTOBBfl.— Highest, lowest and oloslng price* at
a
We
Lambert A Barrows. Produce Exohanjre Building.
OS SHirBOAKD, MOT CLEARED KORNov. 22 at-
0reat
Britain]
|
*
OtKer Coast
aernce many. For'gn yoite.
|
**"
so
K
•
.
:
33,527
—
.
Bavannah
Charleston
Mobile
Norfolk
New
. .
York....
Other porte
193.747
U7 4*2
76,099
87,474
20,400
98,267
12,000
1
IS, 000
3.300
27,000
I
1
Speculation in cotton for future delivery has been moderately active and there has been a gradual hardening of
>vement of the crop compares well with the
The
prices.
two previous years, though less than in the big crop seasons
of 1897 and 18^8. There has developed a tendency to modify
estimates of the yield. Cable advices from European markets also report that there seems to be less disposition to
place confidence in the large crop esti uates recently promulgated. Trade reports from Europe have been more favorNot only has there been a better business reported
able.
from Manchester, but Continental spinners, it is reported,
have experienced some improvement in the demand. Weather
conditions in the eastern section of the cotton belt have been
decidedly wintry, snow-fall being reported from the Atlantic
Another factor that is having a bullish influence
States.
upon the market is the anticipated Bureau report to be
issued on December 3. It is commonly expected to induce
some investment buying for speculative Wall Street account and also has stimulated some buying by shorts to
cover their outstanding contracts. To-day there was a slight
improvement in prices. Liverpool advices were stronger and
there was moderate buying for Wall S'reat and Southern accounts, and this also started some buying by local shorts to
cover their contracts. Tbe close was steady at a net gain for
the day of 1@5 points. Cotton on the spot has been steady
at 8c. for middling uplands.
Tbe rates on and off middling, as established Nov. 20, 1901
by the Revision Committee, and in effect Nov. 21, at which
grades other than middling may be delivered on contract,
are as follows.
Good Middling Tinged
Fair
c. 114 on
Even
0-80 on Strict Good Mid. Tinged... 0-20 on
Middling Fair
0-50
on Strict Middling Tinged ... 000 off
Strict Good Middling
32 on Middling Tinged
Good Middling
12 off
m
Strict
Good Ordiuary
Good Ordinary
c.
0-72
1*00
Low Mid. Tinged...
Middling Stained
On this basis the official
the past week Nov. 16 to
—
UPLANDS.
8trict
Strict
Rlon Toes
B16 16
79 lfl
8
* 5 ie
8%
83t
GULF.
Sat.
8%
73, 6
8>4
Good Middling
89 16
8>4
8»16
Middling Fair
9
9
Middling
Btrlot
Low
Middling Tinged...
Good Middling Tinged
8%
73, 6
71316
Sat.
615 16 ~e"I^6
79 J6
79l6
8
8
5
8 16
8&16
v>
8"4
89 16
89 lfl
9
9
Moil Tues
6k,
7»a
7»8
8
8H
16
Frl
700
2
7-P2
8
00
832
6»fl
6>4
713
7»8
7*
8
8
788
8
8
00
8 80
8-32
8*80
Tift.
Frl.
725
7-25
7-87
7 87
8 *5
8^6
b-57
9-0i
8.57
9 05
W«d Tk
6ia
7l«
7»8
6-50
7-50
766
Frl.
650
750
766
8
for middling upland at New York on
Nov. 22 for eaoh of the past 82 years have been as follows
1901. ...0. 8
1893. ...0. 8
1885. ...0. 97 16 1877....0.1114
1900
IOVj
1892
9"8
107 16 1876
12
1884
1899
7» l9
1891
8*8
IOI2
137 16
1883
1875
1898
14'8
67,«
1890
97 ie
109 16
1882
1874
513
1897
IIIS16 1873
104
1881
16 1889
156b
7<>8
1896
1888
10
19*2
1880
1872
113e
1895
8*2
1887
12ie
103s
1879
1871
18%
513 16 1886
1894
93 16
16>«
1878
1870
93e
Note.—On Got. 1, 1874, grades of ootton as quoted were changed.
Aooordlngto the new classification Middling was on that day quoted
Ho. lower than Middling of the old classification.
The quotations
MARKET AND
Spot Market
Closed.
Saturday
Monday..
Closed.
iQ'tbut st'dy
B'rly steady.
B'rly steady.
yulet.
Steady
Firm.
Steady
. .
Total.
Market
Quiet
Quiet
Oulet
Tuesday
Wednesday Q a let
Thursday Firm
Friday.
SALES,
Futures
Sales or Spot
a contbaoi.
Ex-
Oon-
Oon-
port.
tump.
traet.
....
mmmm
:
•
OB
B a
oe
•
•
•
•
i
i
•
a
•
•
.
•
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w
9
I
219
48
110
116
64
400
219
418
1,100
1,210
557
1,500
116
64
2,057
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supply of Cotton to-night, as made up by
,
I
1
The "Visible
cable and telegraph,
1
I
1
I
1
1
1
i
1
i
1
I
1
as follows, Foreign stocks, as well
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. 22;, we add the item of exports from the United States,
including in it the exports of Friday only.
is
as the afloat, are this
Btook at Liverpool
at
balee.
London
Total Great Britain stock
dtook at Hamburg
Bremen
2,000
798.000
25,000
194,000
1898.
846,000
4,000
850,000
13,000
180,000
1,000
1.0O0
200
200
1901.
1900.
1899.
359,000
6,000
364.000
12,000
64,000
430.000
15 000
445.000
15,000
110,000
796000
Stock at Amsterdam.
stook at Rotterdam
200
Antwerp
Stook at Havre
8,000
4,000
4,000
3,000
115,000
98,000
175,000
63,000
Stook at Marseilles
4,000
4,000
2,000
2,000
Stook at Baroelona
21,000
61.000
25,000
53,000
Stock at Genoa
31,000
28.000
13,000
10.000
«took at Trieste
11.000
9,000
2,000
4,000
„..
Total Continental stocks.
501,200 384,200
211,000 26*.2'tQ
Total European stocks.... 675,000 714,V!00 1,299,200 1,234,200
in dla ootton afloat for Europe
14,000
1,000
1 2.000
4i.00C
Amer. ootton afloat for E'rope. 942,000 733.000 495,000 1,025.000
66,000
Eurypt, BrazU,&o. aflt.f or E'pe
76.000
55.000
57.000
atoekln Alexandria, Egypt... 157,000 132,000 158,000 168,000
154.000
Siook In Bombay, India
9 1 ,000 148 000 183.000
Stook In United States ports.. 855,460 810,428 1,045.398 1,271.856
Stook In U. 8. Interior towns.
624,260 60=.,802 766,193 683,320
29,033
Onlted States exports to-day..
1\690
42,^50
58,567
Total vtBlble supply
3,370,287 3,289,280 4,039.481 4,635,409
Of the a bore, totals of American and other descriptions are as follows
rftook at
,
American—
289.000 373.000 703.000 759,000
173.000 230.000 453.000 337,000
American afloat for Europe... 942,000 733,000 495.000 1,025,000
United States stook
855,460 810,428 1,015,398 1,271,856
^
Onlted States Interior stooks. 62 4,260 605,802 7o6,193 683,320
23,033
15 690
United States exports to-day..
42,850
58,567
Total American
2,942,287 2,795,080 8,4s3,231 4,105,209
Matt Indian, JBratil, <fc—
87.000
93.000
Liverpool stock
57,000
69,000
4,000
2.000
15,000
Londonstook
6.000
47.200
43,200
Oontlnental stocks
39.200
88,0>0
1,000
14,000
India afloat for Europe
46,000
12.000
56,000
Egypt, Bra«il,*c., afloat
76,000
57,000
55.000
15S.000
150,000
8tock in Alexandria, Egypt... 157,000 132.000
Stock In Bombay, India.
91,000 148,000 183,000 154,000
Total East India, Ac
428.030 494,200 556.200 530,200
Total Amerloan
2,942,287 2.795,080 3,483,281 4,105,209
Total VlBlble supply
3,i:89,280 4,039.481 4,635.409
3,370.287
>
illln «* n«1 n .
r*
a
*
A1
'l.i
33
47
4i3
Middling
50gd.
Upland, Liverpool..
33 d.
39 d.
3 >d.
57 16 0.
7*40.
Middling Upland, New York..
10*40.
80.
4%d.
6d.
Egypt Good Brown, Liverpool
534d.
73sd.
6\d
73fcd.
Peruv. Bough Good, Liverpool
73ed.
7d.
4S l8 d.
S^d
Broaoh Fine, Liverpool
6 7sd.
47:, a d.
3lB 16 d.
4T 16 d.
3drtnnevelly Good, Liverpool...
5»4d.
Continental imports past week have been 83,000 bales.
Tbe above figures indicate an inoreaae in 1SK)1 of 81,007
bales as compared with same date of 1900, a loss of 669,194
bales from 1899 and a decline of 1,265,122 bales from 1898.
Liverpool stook
Oontlnental stooks
bales.
„.
-a
Total
n B — a P '
B a
B o
York.
•
2i
i
nock
foi
700
7-t
9
eitoek at
Wed TV
mou Tnei Wed
73, 6
STAINED.
off
off
off
1-50 off
1
at
106
Low Middling Stained
prices for a few of the grad<
Nov. 22— would be as follows
616 1§
7»16
8
Middling
Good Middling
Middling Fair
034
050
Mid. Stained...
|
Sat.
Good Ordinary...
Low
»
*a
1
off
off
off
•
Ji
w
1
1
I
588,585
803,996
'
1
1
63,«75 33 4S9 76,504 21.160 21,715 221.843
92.969
28.495 2:19.402
70,142 47,79:5/
38
1
J-C*
,
.
•
;
I
9
685,930
0-14 off
2
w
!
1
Total 1901.. 119,838 31,604 42.420 55,101 20,567 269,530
Strict Low Middling
Low Middling
•
•
•
'•
'•
!
22, (i82
11,219
17,846
15,262
76.697
52,495
1
New
fc
3
1*
•
1
Total 1900.
Total 1899.
1* OQ
•
1
B a H a
on
»**
ft
•
1
8<0
6.505 11. 162 22.095
4. (ill 26.099 11,758 2,^.06 5,500
100 6.000
15,000
23,600 i",767
3,000
6,0>0
6,000
13,500
2,500
100
3,200
10,000 2,000
15,000
New Orleans
Galveston. .
£-011
£
Hock.
Total.
•»
*y
o,0
IPffS
»
» B K SSssSfSSf
Rxj »
«<5
z<*>
Leaving
1119
i
i
k.
ft...
,4
,
\
il
-
THE CHRONICLE.
1120
—
At the Intkkiob 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 oat in detail below.
for the
week and
S
Quotations for Middling Cotton at Oram Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Week ending
Nov. 22
2.oP
1c?a»St- SS'S2LSp»BB
CLOSINO QUOTATIONS FOR MIDDLING COTTON
Qalveston.
New Orleans
Mobile
.
o
Savannah..
Charleston ..
Wilmington.
Norfolk
Boston
Baltimore
.?
o
.
.
Philadelphia
§ai
Augusta
§:
:
CO
<J>
'<->
rfkM
1
fib
,
Cincinnati
Louisville
"pf>.
|
*. as
m <i — i-'coccc:^
CO
|0
t^COCXI^
l
MM
<Mo^iu<c.cD^i«©cij©h-tac>-':»-icotocEas
to
The
—
MO>tO*>»COtOCOMO
p
©
CO
MOSMj^*.
"•MM
'
to
©
5
»
0:"tf>-lo
,
tO
Thure.
77 l6
7 7 ie
7>4
7 6 I8
Fri.
I*
»_m «_cn co
co
©OJ^JOStBMOJ^CWCWuOOOOOJMC
co**ys os
tO if
to
»k
.
16
'''':
73 )e
7k
t*u
' 3 18
7k
? 3 16
73, a
7B, 6
7»f
714
714
7%
7k
7»8
8
738
8
8
7<>8
7«8
7«8
8>*
8*
7k
8k
73,6
73a
7"l8
714
75 I6
73l8
8k
7k
7k
7 "l«
7 B ie
77
#:*
7*8
7*
7 7 18
714
7>4
7%
76 16
73s
7k
7k
7k
7k
73s
7»«
8
7«8
''
7
ie
7 7 !8
738
75 18
7H
7k
7k
8
7\
Bk
7 e ia
7» 6
7=4
7 '18
738
75 16
7 7 ie
:
7»8
7B,«
closing quotations to-day (Friday) at other important
7k
7k
7
Columbus,Ml88
Eufaula
6 T8
Natchei
Little Rook ...
Montgomery.
7k
7
7k
Raleigh
Shreveport
.
Nashville
7k
7k
7k
7'ie
to us this
—
Qalveston, Texas. It has rained on one day of the week,
to the extent of seventy-four hundredths of an inch. The
thermometer has averaged 61, the highest being 76 and the
lowest 46
Corpus Christi, Texas.— Dry all th? week. The thermometer has averaged 66, ranging from 50 to 82,
San Antonio, Texas.
have had a trace of rain on one
day of the week. The thermometer has ranged from 40 to
o5cooowwecMto©<jMta
M
H"
CO
CO
O
M 0> MOMCOCO
CO"-*to <* CO o> c CO to x cc *- a.
*&ppp*ppppppppp&&y>*y>ppppy>pppp*"^>?i
-J0DCOW
'to'v'ta'ta'^. a>
'38
7>8
8
7«8
sections.
W I?
CO 05 ©©CT'"^
co oo os to u>
a>
m
7%
7k
7*
evening by telegraph from the South indicate that rain has
fallen in most sections during the week, but that as a rule
the precipitation has been light. At some points rain has
interfered with picking, but on the whole the gathering of
the crop has made good progress and in some districts is
stated to be finished. Temperature has been lower, with
killing frost reported in many localities and snow in a few
t-1
J>5
CO
Wednet.
Weather Reports by Telegraph.— Reports
ioQo^M©c7i»aitk.tno>oooD<iMW<i©«5©©»o©a»ow»a®05©i^i^
MMOOCM COMMbS
tO
tI>MK)MMM CO
MM
«J
W©t0»*»JO3C0-i)>aCCMM
pptap
*9."*: Ppf'p+'PS ?*
CO OS CO 00
OlVijcO mV* <I "ceV *- V 00© CO © CO © »0 M 05 CO — M
**cny>0DCOU'Coo5C*! coo oo©Ma*'iJ titotccococoo5M03«3ot»o
*» CD CO
00
CO
Mt0CXCvC0l^ — u;WOl^CDC0M<I|^M05«aM«q
.
'
7'»ie
Columbus Oa
5
W
5«£
»0»0rO .K: J**9.CO^klM i OJs *' 00
Vto «o -j® <iV oo m x os 05 © co io © toluol oiVo'o) co -j"^ w to co oj
«
COf005©COK)COCOCOO«0<l*'Kl«aOOO — ©«'l^wCOCOOSbO|^aif».M-J
CO
©CO
714
Atlanta
Charlotte
^.M-J»0'-©0D»)»4«)0DW»©O'OlCOU'©MO3lOl^l^©0Dt0<>03MC0
OS
7 7 ia
Athens
cow'^Vwow wb»V«b"coVM®^ab>-'coaj<»bct >^od tii*© SI
ODOOCA~]KI|^COCOMK'|^'£OlUOCOl^CltxcOi^V'»a>-CnCO^)WC1>C0^1
CO
Tur.l
Southern markets were as follows.
K>#-COAOCOtOCOCO|»CM
M»lf»©^GCC»a0^^>O5©'-'Ciy>©biM -J to © 00 JO »0
COMU1
0bCOtOC1535i-
,
Louis
Houston
H-CC«-CBd
© OS 0< © H Vs toW OC GO 00 J- hV cc o< I?
i-<*kac)i«'C»coc6©<lviooefc^c><OK>>- ce©CBOoit^i«"T Cfi-^C)'»Jtoa©
CO C*"** «J 00 00 «0~«]
7k
7&ie
7 7 18
73 16
7*8
Memphis
St.
M
* ©
CO
*<1M
Mon.
Satur.
ON—
,
Oa
B-
OS
[Vol. LXXIII.
cxo® <itSM©»V)MVi«'io'<iM'co<iTcb5M©M'eo*kco
M0Da*«.t0C00DW00CO©©<l®MMr-l^«J©05tOM^lC0r-C0©©O'y'
-< »i co *- ce a. <l to cc to a co wco>- fo©^co«ss — ©-3 com
—We
<|p"'i»-jc-.
?
88,
averaging
59.
—
Palestine, Texas.
Rjin has fallen on one day of the
week, to the extent of twenty hundredths of an inch. Aver-
age thermometer 51, highest 66, lowest 36.
fort Worth Texas - Frosts on the 16:h and 20th. We
to <r
have had a trace of rain on one day of the week. Average
©OtOC5 05#-©<Ito; tOMW0t>O5^nM^enO5CO coo-coowowaoco© CO
«•
©O©M00W<lM05' Ct<lXMt0©Olfs-. ©0iO5©©CJlC0C0O5Ml("*.tO
thermometer 52, highest 70 and lowest 34.
Tne aoove totals snow that the Interior stocks have inNew Orleans, Louisiana.— Rain has fallen on three days of
creased during the week 22,715 bales, and are to-night 18,458 the
week, the rainfall being twenty-one hundredths of an
bales more than at same period last year. The receipts at all inch. The thermometer hap averaged 55.
towns have been 24,539 bales lesn than same week last year.
Shreveport, Louisiana.— Killing frost on Saturday last.
Ovebland Movement fob the Week and Sinoe Sept. 1.— Rain has fallen on two days of the past week, the rainfall
We give below a statement showing the overland movement beiDg one hundredth of an inch. The thermometer has
for the week and since Sept. 1, as made np from telegraphic averaged 50, ranging from 32 to 71.
reports Friday night.
The results for the week ending
Columbus, Mississippi. There has been rain on two days
Nov. 22 and since Sept. 1 in the last two years are as follows. of the week, the rainfall reaching fifty five hundredths of
an inch. Thermometer has ranged from 24 to 68, averaging
1901.
1900.
M
05 tO COM;
t» 05 05 CO C5 05 05 #- lO
— tOM M
CO
MCXMM tSHMU
35 tO
o M CO CC CO
COOOtOtOMCCC
*>M05<0t000»q oaOOCOCOM
C»
OO ©I 3> CO C5 00 CO
©
fi.
CD cc
»>• C'l
?
S"
5
—
46.
November 22.
Week.
Since
Sept.
1.
Week.
Since
Sept.
1.
Shipped—
Vla8t. Loula..
Via Cairo
Via Paducah
Via Rook Ieland
Via Louisvllie.... ......
Via Cincinnati
Via other routes, Ac
36,898
5,918
Total gross overland
Deduct thipments—
Overland to N. T., Boston,
Betrween interior towriB
Inland, Ac, from South
—
Totalto be deducted...
<fto.
._.
330,849
77,988
2,247
8,476
5,361
14,618
246,685 42.046
6,911
43,203
421
ll".782
1,749
45,533
6,057
26,115
2,156
7,412
79,479
73.518
452,802
66,760
560,538
20,544
104.262
17,578
15,707
13,460
2,483
766
92,097
42,175
12,265
137,547 16,709
146,537
892
2,858
24,294
4.699
24,068
36,721
18,056
68,157
Leaving total net overland*. 49,224 315,255 50.051 414.001
movement by rail to Canada.
The foregoing shows the week's net overland movement
this year has been 49,221 bales, against 50,051 bales for the
week in 1900, and that for the season to date the aggregate nel
overland exhibits a decrease from a year ago of 98,746 bales
*
Iuoludlng
1901.
1900.
—
Leland, Mississippi. There has b:en rain the past week,
the rainfall reaching eighty hundredths of an inch. Average thermometer 44, highest 64 and lowest 26.
Meridian, Mississippi Heavy frosts and ice killed all the
late crop.
Cotton picking is about completed. There has
been rain on one day during the week. The thermometer
has ranged from 28 to 60.
had killing frost on Saturday,
Vicksburg, Mississippi.
have had rain on
and thin ice formed in exposed places.
one day of the week, the rainfall being twelve hundredths of
an inch. The thermometer averaged 49, ranging from 34
—
—We
We
to 64.
Arkansas,—There has been rain on one day
forty -one hundredths of an
which retards picking. The
thermometer has ranged from 31 to 64, averaging 47.
Helena, Arkansas. Fro3t on Sunday and Wednesday
killed foliage, but the weather being dry cotton will open in
the bottoms. There has been rain on two days during the
week, to the extent of one inch and ten hundredths. Average thermometer 42*7, highest 60, lowest 27.
Memphis, Tennessee. Rain has interfered with picking,
but marketing is active. We had rain on two days of the
Little Rock,
of the week, to the extent of
inch. Raining this morning,
—
—
week, the precipitation reaching twenty-five hundredths of
an
inch, and rain is now falling. The therm Dmeter has averWeek. Sept. 1.
Week. Sept. 1.
aged 43, the highest being 55 and the lowest 29 8.
Nashville, Tennessee. Picking is finished and the crop is
338.059 3,065.609 283.085 3,078,072
Receipts at ports to Nov. 22
49,224 315,255 50,031 414,001 claimed to be shorter than expected. The thermometer has
Southern consumption to Nov. 22 35,000 403,000 30,000 353,000 averaged 37, ranging from 22 to 50.
Mobile, Alabama.— Freezing weather throughout the in407,283 3,783,864 S63.136l3.845.073
Total marketed
22,715 494,955
561,175 terior from Saturday to Monday and on Wednesday and
Thursday. Cotton picking is about completed except in some
378,930
Came Into sight during week. 429,998
We have had showers on one day of the
4,278,819
4,40o\243 lowland sections.
Total in sight Nov. 22
week, to the extent of ten hundredths of an inch. The thernorth'n spinners tak'gs to Nov.22 86,057 561,163 71,915 612,185 mometer has ranged from 32 to 66, averaging 48.
Montgomery, Alabama.— There has been killing frost on
Movement into sight in previous years.
five nights.
We have had rain on two days of the week, the
<*v <c Sept. 1
Week.
18»9
bales. 4,187.236 rainfall being one inch and fifty-six hundredths.
bales. 400,468
1899
Average
1898...
546,410 1898
5,260,264 thermometer 43, highest 57 and lowest 28.
1897
517,602 1897
4,964,545
l«fi6
Selma, Alabama. Picking is completed in many sections
403.660
4,587,600
!895
281,787 1895
3,531,663 We have had rain during the week to the extent of ninetyIn Sight and Spinntrt'
Taktnge.
Since
Since
—
]
—
NOVEMBEK
THK (CHRONICLE.
23, 1901.]
one hundredths of an inoh on one day. The thermometer
has averaged 47, the highest being 70 and the lowest 86.
Madison. Florida.— Plants are killed and picking will soon
be over. The week's rainfall has been thirty-five hundredth*
of an inch on one day. Thermometer has averaged 49, ranging from 30 to 64.
Savannah, Qeoruia. We have had rain on two days of the
week, the rainfall reaching sixty-two hundredths of an inch.
The thermometer has ranged from 81 to 60, averaging 15.
AugvHta, Oeoryia.—Vfe have had rain on one day during
the week, the precipitation reaching thirty two hundredths
of an inch. Average thermometer 41, highest 54 and low-
—
1121
—
New York Cotton Exi bangs. The Committee on the
Revision of Quotations of Spot Cotton of the N»-w York Cotton Exchange at a meeting held Wednesday fixed the rates
at which cotton other t^an middling can be delivered during
the ensuing year. Changes made have been unimportant,
1'iif nil fractional parts of a cent are expressed
In decimals.
Tne new
ra f es on and off middling went into effect Nov. 91,
and are as follows: Fair, l'14c. on; middling fair,
80c. on;
strict g->od middling, 0"50o. on; good middling,
32c. on;
low middling. 014c. off; low middling, 38c. off; strict
good ordinary, lc. oil
good ordinary, 072c. off
strict
good middling tinged, 20c. on; strict middling tinged, O'OSc.
off, middling tinged, 0.12c. off; strict low middling tiDged,
est 25
34c. off; middling stained, 0*50c. off; strict low middling
Charleston, South Carolina.— We have had rain on two
days during the week, the precipitation reaching forty-four stained, TOOc. off; low middling stained. ToOc. off.
MemDers of the Exchange balloted Nov. 20 on an amendhundredths of an inch. The thermometer has averaged 45,
ment to the rules providing for opening the Exchange on
the highest being 57 and the lowest 32.
Stateburg, South Carolina.— Snow fell on Tuesday but Mondays in June, July and August at 10 a. m. instead of 11
melted rapidly. The cold weather continues with little rise A. M., as formerly. By a vote of 109 to 16 it was decided to
The thermometer has averaged adopt the amendment. The action was taken on request of
in the temperature as yet.
41 '7, ranging from 28 to 55.
the Liverpool Cotton Association.
Oretnuood, South Carolina. There has been two inches
Reduction in the Price of Prints.— On Monday of the
The thermometer has ranged
of snow duriDg the week.
current week the American Printing Co. of Fall River, of
from 26 to 49, averaging 37.
Charlotte, North Carolina. We have had another week of which Mr. M. C. D. Borden is President, announced reductions in prices of several lines of staple prints. Indigo blue
perfect weather. No rain has fallen. Average thermom
l
prints, which had been ruling at 4% cents, were reduced /
eter 38. highest 50 and lowest 27.
2
similar
cut was made in
The following statement we have also received by telegraph, cent per yard, to A}i cents. A
showing the height of the rivers at the points named, at mourning prints, making the quotation now 4 cents per yard,
and shirting prints were marked down from 4 cents to 3%
8 o'clock Nov. 21, 1901, and Nov. 22, 1900.
etrict
;
;
—
—
cents per yard.
Xov. 21,
'01.
Nov
Feet.
4-2
6-6
Feet.
New Orleans...
SO
01
.Above aero of gauge.
...Above zero ot gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Memphis
Nashville
Bhreveport...
Vlokaburg
22, '00
1-7
«
23
10
20
62
87
Movement from all poets.— The reoeipte
Bombay and the shipments from all India port*
1901
Receipts at—
Since
Week
Bombay.
115,000
13,000
Since
Week
Sept. 1.
50,000
For the Week.
Continent.
(treat
Britain.
Sept. 1
33,000
138,000
Since September
Muporu
from—
Sinct
Week.
Sept. 1.
12,000
Total.
1
1899.
1900.
Breat
Britain.
1.
.
3,000
5.O0O
3,000
5,000
total
nent
2.0.0
2,000
10,000
21,000
83,000
2,000
21,000
73.000
2.0U0
3,000
10,000
2,000
3.000
10,000
2,000
3,000
2,000
1,000
3,000
2,000
1,000
Madras—
1901...
.
1900
1899 ...
All others-
1901
1900
1899
1,000
3,000
2,000
3,000
3.000
2,000
20.000
24,000
9.000
20,000
25,000
9,000
1,000
6,000
9,000
6.000
10,000
12,000
47,000
98,000
14,000
47.000
110,000
14,000
Total all—
1901
1900
1899
Alexandria Receipts and Shipments of Cotton.
Alexandra. Egypt,
November 20.
Receipts (oantars*) . .
This week
SlnoeSept.
1900
1901.
Since
This
week.
1899.
275,000
1,847,000
310,000
2,335,000
1
This
Sept.l.i week.
340,000
2,626,000
Since
This
Sept. 1.
voeek.
Sinct
Sept.l
12,000 71.000 24,000
16,000 1111,000 8,000
Total Europe
t
zollern, 2,191
90.000 23,000 120,000
60,000 17,000 110,000
28,OOo! 182,000 32,000 150,000 40.000 230,000
Aoantarls98 pounds.
Of which to America In 1901,18,769 bales;
101
20
5,638
300
150
2,391
27,510
To Dunkirk— Nov. 22— Blakbat, 5,100
5,100
To Bremen— Nov. 21— Steamer Portugalete, 12,5o0
12,500
Hamburg—
Nov.
To
21— Steamer Mononoy. 1,450
1,450
To Rotterdam—Nov. 16— Steamer Hackney, 1,100.
1,100
To Genoa -Nov. 15— Steamer Massalla, 3, )00
3,900
9ALVE8TON— To Liverpool— Nov. 14— Steamer Iinann. 10,962
....Nov. 16-Steamer Mira, 8,208
19,170
To Bremen—Nov 14-8teamer Castanos, 6,142
Nov. 15
-Steamer Woodbridge, 1,744
17,885
To Hamburg-Nov. 16 Steamer Dargai, 2,634
Nov. 21l
1
Steamer Phoenicia, 5.424
8,058
To Rotterdam— Nov. 15-Steamer Nordby, 650
Nov. 18
—Steamer Caledonia, 2,234
2,884
To Reval— Nov. 1 5— Steamer Woodbrld <e, 100
1 00
Sabine Pass— To Liverpool -Nov. 19-8teamer Alagonla, 400.
400
Pbnsaoola— To Liverpool— Nov. 19 -Steamer Gracia, 6,360.. 6,860
To Antwerp— Nov. 19— Steamer Barendreoht, 4,550
4.550
To Genoa— Nov. 15-8teainer Deptford (additional) ,2,049. 2,049
Savannah— To Liverpool— Nov. 21— Steamer Rlplington, 3,549 3.549
To Manchester— Nov. 21— Steamer Rlplington, 5,450
5,450
To Havre— Nov. 18— Steamer Floree, 6,684 upland and 672
Sea Island
7,356
To Bremen—Nov. 16— Steamer Tabaristan, 12,182
Nov.
20-Steamers King Gruffydd, 8,697; Therapla, 10.295.... 31,174
Brunswick— To Manchester— Nov. 19— Steamer Frieda, 4,656. 4 656
Charlkbton— To Liverpool—Nov. 16-Steamer Duloie, 5,24rf. 5.246
Wilmington— To Liverpool— Nov. 21— Steamer Polano, 9,433. 9,433
To Cork -Nov. 20- Steamer Tripoli. 9,351
9,351
Newport News—To Liverpool-Nov. 20—Steamer
-,1,266
1,266
Boston—To Liverpool- Nov. 12— Steamer Philadelphian, 10
Nov. 15— Steamer Ultonia, 4,485
Nov. 19— Steamer
—
Lancastrian, 10
4,505
To Yarmouth—Nov. 18— Steamer
,49
Baltimore— To Liverpool-Nov. 15-Steamer Indore, 3,595...
To Bremen—Nov, i9-8te»mer Frankfurt, 1,125
San Fhanoisoo-To japan— Nov. 16— Steamer Hong Kong
Taooma—To Japan— Nov. 18— Steamer Queen
49
3,595
1,125
1,000
Adolalde, 332..
Nov. 20-8t«amer .Viotoria, 1,600
2,132
Total
237,823
Cotton freights at
In 1900, 13,048 bales,
4,324
2,351
To Naples, per steamer Hohenzollern, 8
8
New Orleans— To Liverpool -Nov. 19—Steamer Tamplolan,
12,456 ... Nov. 22— Steamer Darlen, 6,500
18.956
To Hull— Nov. 21-Steamer Othello, 500
500
To Havre— Nov. 18— 8teamer Novlembre, 9,081... Nov. 19—
Steamer Inchdune, 11,495
Nov. 20-Steamer Oolonla,
Maru, 1,000
Exports (bales)—
*
per steamers Bovlc, 734
Canadian, 735... .Taurlo, 2,855
Hull,
per
steamer
Toronto,
To
2,351
-—•...
To Manchester, per steamer Dunottar (additional). 101
To Glasgow, per steamer Ethiopia, 20 Sea Island
To Bremen, per steamers Cassel, 5,429
Kaiser Wllhelm
der Grosse, 209
To Hamburg, per steamer Phuniola, 800
To Antwerp, per steamer 8c. Hugo, 150
To Genoa, per steamers Cltta dl Torino, 200
Hohen-
6,934
Conti-
Bombay—
1901
1900
1899
Oaloutta—
1901
1900
..
189*
Total bales.
New York—To Liverpool,
India Cotton
of cotton at
for the wcok ending Nov. 21, and for the season from 8ept.
to Nov. 21 for three years have been as follows:
—
Shipping news. As shown on a previous page, the
•zports of ootton from the United States the past week have
reached 237,833 Dales. The shipments In detail, as made up
from mail and telegraphic returns, are as follows:
New York
the past week have been
as follows.
in 1899. 23.922 bales.
Manchester Market.— Our report received by
Satur.
Mon.
Tues.
c.
13
13
c.
17*
17
20
13
17
20
cable
from Manchester Btates that the market is steady
for both yarns and shirtings.
The demand for China is Liverpool
improving. We give the prices for to-day below and leave Manchester
Havre
those tor previous weeks of this and last year for comparison
Wednes. Thurs
Fri.
to-night
1901.
8k
lb$. Shirt-l Oott'n
32< Oop. ingi,
Twitt.
A.
"
a.
"
7
d.
e.
d.
4*98 3
3*98 2
3 OH 1%
1*98
O 97 10*
er^a
6* «7*
15 60s 97*
Jlli ,n7*
common
to finest.
Oo. 18 7&,« «83i 6
" 25 7* •8
Nov.l
1900.
8
1
Mid,
8*
Twiit.
JJpldt
<1
Ibt.
Shirt Oott'r
52* Oop. inge, common M%d
a
d.
99*
4Uie838 09*
429 3a 8ai
83g 99*
8I4 99%
4 1« 8& 16 a»938
413*9 h"lS f»938
Upldi
to finest.
d.
6
s.
d.
d.
98
4^f>7 11
4*»7
4*97
5 08
5*98
11
5?3»
5* 33
11
5*8
c.
21
Bremen
c.
17*
Hamburg
c.
19tf20
Ghent
Antwei p
c.
c
Reval, via Hull..e.
Reval, via Canal. c.
St. Petersburg... c.
21*
15
27
32
17*
19*20
199.1
13® 15
13
17
13
17
20
20
20
17*
17*
17*
17*
19920 19920 19920 19920
19 911 19921 199 21 19921
13915 13915 13915 13915
27
32
27
32
27
82
27928
27928
27928
27928
Barcelona
e.
30
30
30
Genoa
e.
20925
20925
Trieste
c.
28
28
Quotations are cents per 100
13
17
80
27
27
32
32
27 9 28 27929
30
30
20926 20925 20325 20925
28
28
lbs. or fractions of
28
a penny per
28
lb.
THK CHRONICLE.
1122
—
Liverpool. By cable from Liverpool we have the following statement of the week's sales, stooks, Ac, at that port,
Nov.
Sales of the
week
31,000
1,700
bales.
Of whloh exporters took...
Of whloh speoalators took.
Sales
Amerloan
Actual export
Forwarded
Total stock— Estimated
Of whloh Amerloan— Est'd.
Total import of the week
Of which Amerloan
Amount
afloat
Of whloh Amerloan
Nov. 15
Nov. 8
1.
47,000
Nov. 22.
50,000
1,400
45,000
1,400
1,400
400
600
800
400
25,000
5,000
63.000
159,000
101,000
76,000
68,000
891,000
360,000
42,000
8,000
62,000
229,000
166,000
139.000
120,000
454,000
425,000
39,000
15,000
87,000
291,000
220,000
164,000
132,000
481,000
452,000
43.000
5,000
64,000
35^.000
289,000
137,000
129,000
430,000
402,000
The tone of the Liverpool market for spots and futures
eaoh day of the week ending Nov. 22 and the daily olosing
prices of spot cotton, have been as follows.
Bat'day.
Spot.
Market
ret,
12.80
P.
Moderate Harden
'b
demand.
Raster.
I
M.
I
Hid. Dpl'ds.
Bales..
Monday. Tuesday Wed'day. Thund'y Friday.
Hard en 'k. Harden'g.
Steady.
* B 16
*°32
49 32
* 9 32
4*16
413 32
5,000
7,000
7,000
10.000
10,000
8,000
600
500
500
500
500
500
Bpeo. <bexp.
Futures.
Steady
Market
opened.
1-84 de-
Dull at
8-64 de-
cline.
cline.
at
Steady
Steady at
Unlet at
at
Steady.
2-64 decline.
partially
1-64 dec
8-64
<a,
4-64
advance.
Quiet but Q't&st'dy Steady at'o/t 4 et'dy Steady at Steady at
steady at l}$@i ptB.2H@3X pu| X@2 pts. 1@2 pts. 4@4^ pts
k pt. adv. decline. advance. decline. advance advance..
Market,
4 p. M
I
I
I
I
of futures at Liverpool for each day are cIvpb
below, Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The prices
Sat.
Nov. 16
\
ITIou.
Toes.
Nov. 18
Nov. 19.
Nov. 20
Nov. 21.
November
.
Deo. -Jan
Jan.-Feb
Feb.-Mch..
Moh -Apr
4
. .
. .
4
06 4
05 4
04 4
04 4
04 4
07
4.04
4
4
4 07 4 04 4
4 07 4 04 4
4 07 4 04 4
07 4 08 4
06 4 07 4
05 4 07 4
05 4 07 4
05 4 07 4
April-May.. 4 0o
May- June... 4 05
June-July... 4 05
July-Aug... 4 0b
Sept.-Oot
d
410 412 410
4
4
4
4
Nov.-Dec
d.
d.
d.
d.
d.
d.
d.
d.
d
4 18
418
15
4 13
4 12
4 12
4 15
d.
4 14 418
4 10 4 14
4 08 4 12
4 07 4 12
4 06 4 0o 4 07 4 11
4 06 4 05 4 06 4 1)
4 06 4 05 4 0k 4 11
4 12 4 12
4 09 4 08
4 07 4 07
4 06 4 06
&c— The
market for jute bagging
4
4 13
4 12
4 12
411 4 11
4 11 4 11
4 06 4 05 4 06 4 10 4 11 411
4 06 4 05 4 06 4 10 411 4 11
4 06 4 05 4 06 4 10 4 11 4 11
. .
Jute Butts, Bagging,
has continued quiet during the past week. Quotations are
unchanged at 5^|c. for \% lbs. and 5%c. for 2 lbs., standard
grades. Car lots of standard brands are quoted at 5%@6c,
Jute butts very dull at \% @
f. o. b., according to quality.
l%c. for paper quality and 2%@2J^c. for bagging quality.
statistical developments.
The
increase in the American visible supply for the week was
unusually large, surpassing all previous records; this in-
crease was the result of the large supplies coming into sight
In the Northwest. The movement of the spring wheat crop
is running unusually heavy, the daily receipts at Minneapolis and Duluth being much in excess of those at the same
time last year. European cable advices also were of a character to unfavorably influence values. At the decline in
prices Wall Street speculative interests, it was reported.
came into the market as large buyers, and this demand
caused some of the loss to be recovered. Other factors which
had a steadying influence were the advices from the winterwheat belt to the effect that more moisture was needed for
the growing crop and the firmness shown by the market for
the coarser grains.
fair amount of export business has
been transacted in the spot market; prices have followed
futures. To-day there was a moderately active and steady
A
market.
DAIXYCLOSINGPBICESOFNO. 2 RED WINTER WHEAT IN
Cash wheat
t. o. b
Dec. delivery In. elev
May delivery In eler
Hon.
83
80
82Sa
81k
80 7s
79%
Tues.
82k
79k
80'e
NEW YORK.
Wed.
8278
79'8
813s
r*ifi.
Fr\.
82k
79k
81k
82k
79k
DAILY CLOSING PRICKS OF NO. 3 SPRING IN CHICAGO.
Hon.
Wed. Thurt.
8at.
Tuet.
Nor. delivery in elev
71%
72k
76
713s
71?8
75k
71%
71%
75k
69*4
68*4
68k
6716
678g
673s
67k
67k
676s
IN CHICAGO.
Wed
Thurt.
Fri.
5938
59*
603s
68>4
6K88
66'8
66%
DAILY CLOSING PRIONS OP NO. 2 MIXBD CORN
Hon.
Tuet.
Bat.
59
59 k
Nov.dellvery In elev
59 k
59%
Deo. dellverv In elev
60
595a
60k
6288
May delivery In elev
62 7e
63 k
62k
.
71
72k
75 7
e
715a
81*4
Fri.
71%
72
72
75»s
75t>8
60 k
60
63
63k
Oats for future delivery at the Western market have been
fairly active.
Early in the week there was an easier turn to
values. Receipts were fairly large and there was a considerable increase in the country offerings. The cash demand,
however, continued good, offerings being freely absorbed,
and this stimulated buying by the speculative short interest
and prices subsequently improved, recovering all of the loss.
Locally the spot market has been fairly active and firm. Today there was a firmer market.
DAILY OLOSING PRICES OP OATS IN
YORK..
Fri.
Wed Thurt.
Sal
Mon.
Tuet.
46%
No. 3 mixed In elev
45%
453s
45k
46k
46k
NEW
49
2 white In elev
48%
48
48
49%
49k
DAILY CLOSING PRICES OP NO. 2 MIXBD OAT8 IN CHICAGO.
Wed.
Tuet.
Thurt.
Fri,
Mon.
Sat
39i»8
393«
39 78
40%
40 7s
40%
40k
40k
41k
413s
413a
39k
Nov.dellvery In elev
Deo. delivery In elev
May delivery In elev....
39k
40"8
39's
41k
41
41%
Rye has been quiet and easier. Barley has been firmer,
with fair sales of malting.
Following are the closing quotations:
FLOUR.
Nominal.
Patent, winter.... 93 75 ©4
Olty mills, patent. 4 00 ©4
iuporfiae. .... .... 2 55 a>2 65
Rye flour .superfine 3 00 ©3
Extra, No 3 . „... 2 70 02 80
Buckwheat flour.. 1 95 C2
Kxtra.Mo &»«.. 2 85 ©3 00
Corn mealClears.. .».^.^... =i . 3 00 ©3 35
Western, etc
©3 75
8 85 ©3
Stralghte....--.,*.,.. 8 40
Brandywlne ....
8 50
Patent, spring.... 3 80 ©4 55
(Wheat floui' La tacks sells at prloes below those for barrels.)
00
55
60
00
Pine.
Wheat, per bnsn —
Hard Duluth, K o 1
N'thern Dul.,No.l
Red winter, No. 2
Hard N. Y. No. 2.
Oats— Mix'd, p. bush.
e.
o.
GRAIN.
Corn, per bush.—
85%©87k
79k»8lk
68 5s »7038
!
68^*70*3
Western white
Rye, per
o.
©69k
67k©69k
67
No. 2 mixed
Western yellow
78k»80
48k©50
49 ©53
46k»48%
49k950%
45
o.
Western mixed
80 34©82k
White
No. 2 mixed
bush—
59%»62%
62 © 63
western
State and Jersey
Barley— Western
60
57
©67
©61
The movement of breadstuff s to market as indicated in the
statements below is prepared by us from figures collected
by the New York Produce Exohange. The reoeipts at
Western lake and river ports for the week ending Nov. 16
ind since Aug, 1, for each of the last three years have been:
ettivti
at—
Whtat.
flour.
Corn.
Btrliy
Oatt.
"•«.
sbii.ieoibi BtMA.eOliX Bufh.561b« Bufh.S2(bi Buih.48Ibi 3*.56
ihiasgo
-Mlwanke*.
aluth
uaveland ...
•t. Lonii ....
Hum City.
833,180
28,603
3,123.800
39,410
20,534
220.300
637,500
433 6 X)
146,061
123,920
760
93.991
63,896
81,197
650
7,100
88,030
8,148
36,144
40,27d
138,936
41,180
19,200
302.458
82.400
267.810
291,200
278.400
216,800
83.800
228.681
108.600
1,318,920
72,000
l,62d,829
682,000
imnaapoiu.
by bearish
Sat.
675g
66»8
68
67k
67k
Feedins:
Nov. 22, 1901.
Only a very moderate amount of business has been transacted the past week in the market for wheat flour, as buyers
and sellers have continued apart in their views. At the close,
however, mills were inclined to grant slight concessions,
with the result that buyers were more disposed to take hold
in a large way. Offerings of rye flour have continued small
and prices have held firm. Buckwheat flour has been in fair
demand and firm. Corn meal has been firm at higher prices.
Speculation in wheat for future delivery has been fairly
active, but the tone of the market has been easier.
During
the first half of th9 week there was a gradual weakening of
Deo, delivery In elev
May delivery In elev
Uaeh corn t. o. b
Deo. delivery In elev
May delivery in eiev
No. 2 white
BREADSTUFFS.
Friday.
prises, influenced
NEW
Nov. 22.
10 4 12 4 13
4 08 4 10
4 07 4 08
406 4 08
4 06 4 08
4 06 4 07
4 06 4 07
4 06 4 07
4 06 4 07
4 06 4 07
07
05
05
05
05
05
05
05
05
the demand has continued on a liberal scale, while others
note quieter conditions. Prke3 on the spot market at the
seaboard have followed futures. Oaly a limited amount of
business has been transacted, as exporters ha've been light
buyers. To-day the market was firmer on less favorable
weather for handling the crop.
DAILY CLOSING PRICKS OP NO. 2 MIXED CORN IS
YORK.
Tuet.
Mon.
Wed.
Thurt.
Bat.
Fri.
Frl.
12k 1 121$ 4 12k 4 12k 4 12i* 4 12k 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.
Ihdian corn futures have continued to receive a fair amount
of speculative attention. The undertone of the market has
held fairly firm, although during the week there has been a
fractional decline in prices.
Weather conditions in the corn
belt have been ideal for the handling of the crop and have
been reflected in an increase in the receipts at the interior
markets.
Country offerings and acceptances have been
somewhat freer. Reports relative to the interior demand
have been somewhat conflicting. Some advices state that
<ro.
Wed. Thnrs.
[Vol. LXXIII.
1,695.862
366.600
....
24.837
80,070
14,280
....
61,018
176.626
172.800
487,700
lbs.
78,180
48.000
107.608
6,260
100.8 X»
8,400
rot.wk.ieoi
489.851
7,429.923
1,918,136
8,108,667
1.600.024
808.357
tame wk. '00.
tame wk.'OT.
HnctAut. 1.
IM1
897,574
810,763
4,479 277
3.969,643
1,871.485
1.681,326
6,464,078
3,033 847
2,612,699
1.638,291
84.872
143.700
1900
1889
T.655,808 118,000.648 91,813,837 65,817 088
6.665,631 103.997,639 60,422.616 62.662.721
6.684.513 B7.761.tt4S 81.025 651 65,521153
81.302,588 5,000,065
21,410,261 8,106,099
17.411.02fl 2,001,008
The receipts of flour and grain at the seaboard ports
week ended Nov. 16 1901, follow:
for
the
Hestiptt
at—
<awYcrltlOiton
Montreal .
.
(•hlladelpiiij
Baltimore...^
6LiChmond
*«w 0rle»ai»
lawDOrtNewa.
Norfolk
isiraiton.
Portland. Me
Total weak
*eak
*
1900.
Flour
Wntat
bblt
buih.
153,303
61,167
20,556
74,535
101.768
4,613
13.643
85,082
8.671
449,901
374.894
688,118
191,349
3J1.830
89,074
686,000
40,000
...
179,750
136,719
8,791,914
1,611,703
BeoelpU do not lnolnde grain
p >rt* on through b lilt of
1
Oati.
buih.
buih.
adlw
B«rli»
buih.
61,461
166.. 80
20.693
8,000
746.100
90.493
43,219
77.060
86,462
27.140
41,876
481,618
4,967.969
1,070,349
1,478,969
8.S4.75)
9,680
7620,858
Oorn
7ri.800
81,607
61.92
paumg
through
Naw
66,000
1,260
Sit.
bulk.
11,700
715
38.000
3.619
8,109
18.899
1,072
91.763
397,668
80,785
41,273
Oriaant for forelen
NOVEMBBB
THE CHKONICLK.
l'JI'l.l
88,
Total receipts at porta from Jan.
follows for four years:
Receipt!
lour
1001.
bbls. 19,h«5,lS9
Of—
Wheat
bU8h.U;i."4rt,0il
lui.6tu.83)
"
66.497.WW
"
4.iuw.ei6
"
"
8,64i,097
Corn
Oats
Burier
Kye
"
Total Kraln
—
LKimebtio (Jotton UooDB. The exports of cotton KOodB
port for the week ending Nov. 18 were 2,093
packages, valued at $128,039, their destination being to the
points specified in the tables below:
as
trom this
1H!M.
1900.
1899.
ltU13,»89
lM.HfH3.ali>
18,^36,417
hU.9iiO.lrtl
104.779.7UO
17h.vM*,767
179.9 H 141
160,ooO.5i!6
s.,,1
70.916,0-7
H.4S1.-51
818.970.08J
compare
to Nov. 16
1
iH,3«:l
16,094
3.5.1S.510
11.sk8.jmj
0.257.V71
1)6,7*7.4211
4.97rt,«4'l
i:i...7*.l98
38^,411,144
3S5.098.423
404.198.063
1901.
Nkw Yobk to
several seaboard ports for the week
ending Nov. 1G, 1901, are shown In the annexed statement
Pens.
Burin
Oaf.
/lour,
Ri/4,
Corn.
Wheat
Button
Portland, Ma.
PHlladeiphla..
Baltimore
New Orleans..
Sam*
171,4*9
09,271
68.469
181.(00
888.800
47.557
.
The destination
1900, is as
1,
48.737
0,530
Other oonntrlet
Total
Totall9O0
410
2.0u6
31.2S3
870,573
648,852
10949
40,058
11,922
70.578
110,8fl
22.111
78.89
week and
of these exports for the
ainct
below:
Wheat.
i
Week
Nov.
.
Slnee July
18.
1,
1901.
bush.
bush.
1.829,8 ?4
785.022
81, "On. 893
44,(j98.t91
39,300
12,318
4.014
2,9-8
4C0,»iS5
50
71.176
161.815
142,108
407,388
268.178
6,814.899
6.617.878
2,684,893
1.343,428
.
Corn.
Since .Zulu
.
Week
Nov.
i«
bush.
434 437
169,409
31.169
27.283
12,218
75.995,030
864,546
82,758.594 4,531,462
1MU1
bush.
8,845,870
7,891,099
618,1*5
4">8,0^4
143.670
154,384
18,016,712
43,691,882
The visible supply of grain, comprising the stocks u
granary at the principal points of accumulation at lake and
seaboard ports, Nov. 16, 1901, was as follows:
Wheeu.
6utA
in Hon eiliew York
Do
4.082.0"
25,000
afloat
Boiton
Philadelphia
Baltimore
New Orleans
QalTeston.
Montreal
Toronto—
Bnflalo
Oo
Oo
buth.
786,000
Oatt.
buth.
llari«i
bu>a.
85.000
699.t>nr
1
bus*.
197.000
12,000
],2F4j(a
299.000
616,000
42,000
177.000
1,139.000
698.000
I81.000
264.000
89.000
2.690.00*
ltS.jfi/
101,000
13,000
40,000
1,305,000
714,000
991,000
87.
5,00
•
182,000
2,000
81,000
76.00,
11.000
668,000
60."
'
1
871,000
9,000
23.000
180.J0C
'iw.oat
6.689.000
1,249.000
876,000
81.00'
180,61*0
607,000
'44.000
506,000
423.000
852,008
886 000
6.880,000
176.000
afloat
'••troll
Do
Do
afloat
Milwaukee
afloat
Do
ru Wiirm*Pt.Arthur
Uuluth
Do
2.CB1.0O0
6,782,000
812.00
485,000
828.000
814.900
680 0^
10,000
456,000
728,000
157.000
65,000
105.000
189 .001
78,000
9,000
32,000
144,000
114.000
50,000
88,000
K.uOO
8,080.000
17.000
589.000
108,000
119,000
482,000
46.677,000
41.969.uu0
62,391 000
54.00O.OC0
21,892.000
12.156.000
12,641.000
8.399,000
11.057.000
6,860,000
7,790,000
12,839.008
6,126,000
5,756,000
afloat
l0.S47.0t"
Minneapolis.
- 3,462,000
St Louis
Do
"
afloat
l;»toaj.o
3.00.
afloat
aanaasClty
1.408.000
Peoria
Indianapolis
un Mississippi BlTer.
On Lakes
On oanal and
rlrar.
Total Nov. 16. 1901.
rotai
Corn,
afloat
: .lado
Not.
9. 1901.
Total Nov. 17 1900.
Total Nov. 18. 1899.
Tots 1 Nov. 19, 1898.
.
.
T69000
429.000
16
3,!.
98
58
1,432
18
l.i
36
140 497
1.584
8,128
12.742
27.5t9
300
487
73
46
808
83
85,306
5.743
38.673
9,670
20.858
1,848
5,7*8
47,656
9.454
2.093
230.292
1.000
........
Afrloa
Weat Indies
Mexico
2a. 239. 000
816.000
288,000
2,2.10,000
2,132,000
1,371,000
1.862.000
1,021.000
2,628,001
2,*89,UUi
8.288.00'
3.119001
8,784 Ott
Yobk, Friday, P.
M„
Nov.
22, 1901.
The market has been considerably disturbed this week by
a reduction in the price of certain lines of staple prints, not
so much by the fact that there has been a revision as by the
During the recent bull movement in
extent of tne cut.
print cloths, some prints were advanced as part of that moveWhen the latter failed these prints were too high,
ment.
but the new prices made are, in the general opinion of the
trade, lower than market conditions called for. The result
has gone beyond the fabrics immediately affected, as it has
unsettled confidence in other directions. Buyers have this
week been very conservative operators on home trade account, little being done by them beyond present requirements. Sellers outside of prints have not, however, shown
any greater disposition than of late to force matters. They
are still free from pressure of stocks on hand, a well sold up
condition being general and trade prospects throughout the
country unimpaired.
There is no reason why the break in
prints should be taken seriously as a general factor in the
situation, and most sellers believe that by exercising a little
patience they can overcome its effect.
Woolen Goods. — Good
orders for the time of year have
again been received for heavy-weight woolens and worsteds
for men's wear, and agents have frequently been unable to
fill them, owing to the lack of ready supplies. Heavy weights
for quick consumption are very firm. There has been only a
quiet reorder deuiaDd for light-weight trouserings and suitings in either staples or fancies, but the market for these is
firm with unimportant exceptions. There has not yet been
any demonstration in connection with heavy-weights for the
fall of 1902, bnt the general impression is favorable towards
quite a him market for these. The demand for overcoatings
and cloakings keeps up, and piices are firm in desirable lines.
Theie has been no change in the market for woolen and
worsred dress goods, business continuing quiet, and chiefly in
staples.
2,146
433
4,11)5
1,582
89
630
330
27,335
2,784
10.897
42,455
8,187
7,052
280,255
192
—
fabrics.
Good
firm. Ribbons
grade
have been
silks
in
demand and
fair
also firm, with moderate sales. There has
been no change in the market for linens. Burlaps have
again ruled dull at irregular prices.
importation* and Warehouse Withdrawals ot Dry Goods*
The importations and warehouse withdrawals of dry goods
at this port for the week ending Nov. 21, 1901, and since
January 1, 1901, and for the corresponding periods of last
year are as follows:
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'
THE DRY GOODS TRADE.
1
The value of the New York exports for the year to date
has been |9,965,450 In 1901, against $12,494,246 in 1900.
After two weeks of liberal buying, exporters have done
only a limited amount of business this week. Their recent
operations have put export grades into excellent f-hape for
the next four months, and for these prices are firmer than a
week ago. Home business in brown cottons has again been
quiet in all grades arid weights without mateiial change in
price. Jobbers have bought sparingly of bleached cottons,
but some lair sales have been made to the manufacturing
trade. Prices are without quotable change. Denime, ticks,
plaids, cheviots and other coarse, colored cottons have been
in quiet request only, but with limited supplies on hand
prices are easily maintained. Wide sheetings are steady,
with a quiet business doing. Kid-finished cambrics are pracAmerican indigo blue and
tically %o. lower than last week.
black-and-white and grey prints were reduced J^c. and shirting prints \i c" on Monday. Other printers have generally
met the reduction in various lines of staples, although an
occasional leading make is still selling at old prices. There
has been no new movement in fancy calicoes, and only a
quiet business has been done in these. Fine printed and
woven patterned wash fabrics are well sold for spring, and
Staple ginghams also firm. Business in regular print
firm.
cloths has been at a standstill this week and are unchanged
Narrow odds are dull at previous prices and
at 3c. nominal.
wide odds %c. lower.
Foreign Dry Goods. A quiet market has been reported
in foreign dress goods, with little call other than sheer
9
Nbw
60
ii a
Total
407,363
368.178
.
tireat Britain
Booth America
OtherOonntrleB. ..
84.385
Since Jan.
rrtek.
1
Other Kuropnan...
China
India
Arabia
Uentral America...
41,'47d
Exports for
Week Since July
1, 1901.
week and since Nov. 16.
bbls.
bbls.
July l to—
478
31^,708
4,014
Unitea H.. nudum
51.659 l.*f\2i»
Oontlneui
17,648
40«.388
3. a C. Amerloa.
Wait Indies
Br. N.Am. Colo's
buth.
10.58J
14,927
18.51:8
129.935
8,153
8,571
83,082
19,094
f7our.
.
bush
bush,
buth.
387,318
180
.il
19
6H4,645
2.584,898
tlme'00. 1.323.429 4,561,462
Sept.
111 w.
l<;,«i8
Norfolk
40,000
Newo'rt News
688,9*2
Montreal
281,800
UalTeiiou.
Total waek
66U
bush.
810.581
buih.
109
2f 7 970
136.749
2M5.640
as
1900.
Nov. 18
Week. HxnecJan.
The exports from the
Mxvorufrem -
1123
5*
?
3
M
M
CO
%
a
>
X
-
—
—
CO
c^
>
cc
O e
O
THE CHRONICLE.
1124
91,100
State aiw City
$£-?;* btment.
Index.
An index to all the news matter appearing in this Department for the period from July 6, 1901, to Oct. 5, 1901, inclusive, was published in the Chronicle of Oct. 12, 1901,
pages 806, 807 and 808.
Alabama.— New Constitution.— Gov.
Jelks on
November
21 issued a proclamation declaring the new Constitution ratified by 27,828 majority and fixing Thursday, Nov. 28 (Thanksgiving Day), as tne day on which the new organic law will
go into effect.
Aroostook County, Me.— County Votes to Sell Stock.— At a
recent election this county voted to sell its holdings of pre
Aroostook Railroad Co. to the
ferred stock of the Bangor
railroad company. It is said that the county owns $728,0(0
of such stock. When the purchase was originally made, the
connty issued V/% % bonds to provide the means to make payment. Of these bonds $500,000 mature in 1912 and the reare advised by the County Treasurer
mainder in 1915.
that the sale has not yet been perfected, but will be as soon
as the Commissioners can make the necessary arrangements.
Flojd County, Gla.— Bonds Valid— Tne Atlanta "Journal"
of Oct. 31, 1901, contained the following dispatch from Rome:
Judge Henry dented the petition to enjoin the Commissioners from paying
Floyd County bonds and the Tax Collector from collecting taxes upon the
&
We
recent levy.
The case was brought by Walter Harper, editor of "The Times." and was
pertinaciously fought in the court room. It was alleged the bridge bonds were
issued illegally twenty years ago, and that the recent levy of County Commissioners exceeded their authority and could not be enforced. A perpetual injunction would have affected and nullified *?6,0u0 of bonds, $l»,u00 of woich
are now due.
The case will be carried to the Supreme Court uponaquick bill of exception^
Cincinnati, Ohio. Suit to trevent Cincinnati Scuthern
Leuse. The Corporation Council on November 18 instituted
in the Superior Court the suit (referred to in last week's
Chronicle on page 1074) brought to test the legality of the
lease of the Cincinnati Southern Railway to the Cincinnati
Texas Pacific Railway. According to the
New Orleans
Cincinnati "Tribune," the important poitts raised by the
suit are as follows
The plaintiff submits to the Court (1) that there is no power to make
—
&
:
and extension
of the lease of said line of railway,
because 1 he same is In violation of the Constitution and laws of the
State of Ohio, and that said agreements and each of them will be an
abuse of the corporate powers of said city and a misapplication of its
corporate funds; (2) that said agreements and eaoh of them will be an
abuse of the trust imposed upon the said the trustees of the Cincinnati
Southern Railway, and (3) that the Act of April 23, 1898, under which
the said the trustees of the Cincinnati Southern Railway and the said
the Cincinnati New Orleans & Texas Paoiriic Railway Company have
made the agreements aforesaid, is unconstitutional and void.
said modification
Franklin County, 111.— Bond Litigation.— The St. Louis
"Republic" states that P. F. Keleher of St. Louis filed an assumpsit suit against the county oE Franklin, 111., in the
United States Circuit Court on November 15 to recover on
bonds issued by the county for the benefit of the Belleville &
Eldorado Railway Company.
New fork Citj— (Jut ens County, N. Y.— Corporation
Counsel's Opinion.— Ac the request ot the City Comptroller,
Bird S. Coler, the Corporation Counsel has made a thorough
investigation into the istuanceof the bonds of Queens County
prior to the formation of Greater New York, and has found
ihem, in his opinion, regularly and legally issued, This
action was simply a formal investigation, in order that the
records in the City Comptroller's office might be complete.
As is well knowD, the interest on Queens County bonds has
been paid to date, as has also the principal of those bonds
which have matured since the Consolidation Act.
Superior, Wis.— Litigation. -It is stated that Harry L.
Jewell of Chicago on November 13 commenced action against
the city to recover $14,569 35, alleged to be due him as prin
interest on thirty special improvement bonds
holds, issued by the city in 1891 and extended
in 1898. It is alleged that they are now due, owing to the
fact that the interest has been defaulted on them.
cipal and
wnich he
Bond Calls and Redemptions.
Grafton,
W. Va.— Bonds Redeemed. —This city has redeemed
$1,600 street- improvement
and $4,500 water-works extension
I
Vol. LXXIII.
Thornton Street sewer bonds, maturing one bond of 9300 In one y< «r
and a like bond in two years and one 9-00 bond and two 9100 bonds
t>%
In
ihree years.
Humner street sewer bonds, mat urine one 9 r 00 bond In one year, rue
bond or 1900 and one for $100 In two years and one 9600 and two 91'
bonds In three years.
0C0 6jt Croosfl Street sewer bonds, maturing one bond of 9300 In one. In two
and In three years.
1,200 I % Brown Avenue improvement bonds, in denomination of 9100. Maturity. 9 00 In one year. t\t>
in two yearH, «8'jO In tbiee years, 9V0O in
four years and 9300 in live years.
1.600 !>% i'i <[»t strew >ewer bonds, mat n rint' one bond of 9500 In one year and
likewise in two years and one 9600 bona and one 91' o bond in l.ree
1.800 6J
t
years.
2,000 6* Payne
Avenue sewer
bonds.
r
denomination of 9500, ma'urlng
9-00 In one year, |. >C0 in two years and 91.000 In time years.
All the above bonds are dated Dec. 21, 1901. Interest will
be payable semi-annually at the National Park Bank,
York City.
Akron (Ohio) School District.— Bond Sale.— On Nov. 15
the $35,000 4% coupt n bonds were awarded to W. J. Hayes
Sons, Cleveland, at 100-886. Following are the tids :
In
New
&
W. J. Hayes & 8ons. Cleve.. .93r\310 oo Seasonjrood & Mayer. Cincln 935.176 00
New 1st Nat. Bank.Oolumbus. J-6,H00 00
For description of bonds see Chronicle Nov. 9, p. 1024.
Alexandria, Ont.- Debenture Offering
Proposals will be
received until November 30 by Alex. L. Smith, Municipal
Clerk, for §8,500 5% debentures, "payable in thirty annual
instalmer ts of $553 each," on December 15 in each year, the
I
|
—
instalments including interest.
Alger County (P. O. Au Train), Mich.— Bonds Not to be
Issued at Present.
are advised by Walter Bell, County
Treasurer, that the $35,000 county-building bonds mentioned in the Chronicle August 31 have not yet been issued
and will not probably be put out until next spring. The
county has a standing offer for these bonds made by the
Cleveland Cliff Iron Co.
Allentown, Pa. Bonds Voted. This city on November 5
authorized by a vote of 3,876 to 1,757 an issue of $164,700 %%%
5 30 year (optional) bonds, to be known as " Water Improvement Loan of 1902." The date for the sale of these bonds has
not yet been fixed.
Almonte, Ont.— Bids —Following are the bids received
electric-light debentures
October 23 for the $30,000
$29,716 00
930 050 00 Hanson Bros., Montreal
W. Thoburn, Almonte
A. W. Harrison, Toronto.... 30,010 00 G. A. Stimson & Co..Toronto. 2S.865 00
— We
—
H
29,-;87 00
& S. Co.
The successful bidder was
Central Canada L.
W. Thompson,
. . .
as stated in the
:
Jose, Parker
4 Co.,
W. Thoburn
Boston... 27,60000
of Almonte, not
Chronicle several weeks ago.
Beardstown, 111.— Bond Sale.— This city according to reports has entered into an agreement with local banks
whereby the latter will take an iesue of $67, COO i% refunding
bonds.
Belvlew, Redwood County, Minn.— Bids Rejected— Bond
Offering.— All bids received November 2 for the $3,500 5%
village hall bonds were rejected. The Village Council has
therefore decided to re offer the bonds, and proposals are
accordingly asked for until 8 p. m. to-day (Nov. 23, 1901,) by
A. O. Gimmestad, President of the Village Council. SecuriInterties are in denomination of $350, dated Nov. 1. 1901.
Principal will
est will be payable semi-annually in Belview.
mature $1,750 on Nov. 1, 1906, and $350 yearly on November
This is the second time these
1 from 1907 to 1911, inclusive.
bonds have failed to find purchasers, the first offering having
teen on October 19, when the bonds carried only 4% interest
and did not attract any bids.
Bennettsville, S. C. Bonds Voted —At an election held
November 14 the question of issuing electric-light bonds carried by a vote of 98 to 25. The details of these bonds have
not yet been determined.
Biloxi, Miss.—Bond Election.— An election will be held
December 23 to vote on the question of issuing $40,000 waterworks and electric- light- plant bonds.
Birmingham, Ala. Bonds Authorized.—The Aldermen
have passed ordinances providing for the issuance of 6% 10year street- improvement bonds aggregating $16,500. Securities are in denomination of $500 and tne interest will be payable annually at the Hanover National B^nk, New York City.
Boise, Ada County, Idaho.— Bond Offering.— Proposals
will be received until 12 M., December 16, by tie Maycr-and
Common Council, care of Wm. V. Helfrich, City Clerk, for
$90,000 5% 10-20-year (optional) gold refunding bonds. SecuInrities are in denomination of $500, dated Jan. 1, 1902.
terest will be payable semi- annually at the office of the City
Treasurer or at the Chase National Bank, New York City. A
certified check for 5% of the amount of bonds bid for, payable to Boise City without conditions, must accompany proposals.
bonds.
Bristol, B. I.— Bonds Proposed.—This place will petition
Montreal, Quebec. Bond Call.—Three hundred and fortyone bonds of this city have been drawn for payment. Of the the State Legislature, it is said, for authority to istue $47,000
bonds drawn, £41,300 are of the loan of 1874, being 248 bonds.
Brook field, Linn County, Mo. -Bond Sale.— This city has
bonds of £100 each and 33 bonds of £500 each, and £8,000
sterling bonds of the loan of 1879, being 55 bonds of £100 sold an issue of §25,000 i.% 10-year refunding water bonds to
Devitt, Tremble & Co., Chicago, at par. Securities are in
(sterling each and 5 bonds of £500 sterling each.
Ohio County, W. Va.—Bond Call-K. P. McGregor, Pres- denomination of $1,000.
Cabery, 111.— Bond Offering.—-This village is offering for
ident of the Board of Commissioners, has called for payment
December 1 at the German Bank of Wheeling bonds Nos. 58, sale $4,000 5<£ 1-8-year (serial; bonds. Securities are in deSecurities are, in denomina- nomination of $100, and the interest will be payable annu126, 131, 140, 168, 176 and 192.
tioa of $500
and carry 4%%
ally at the office of the Village Treasurer.
interest.
Caddo Parish, La.— Bonds Re-awarded.—
Bond Proposals and Negotiations
this
week have been as follows
Akron, Ohio. Bonds Authorized. — Ordinances providing
for the following issues of bonds have been passed by the
:
City Council
W
.
J.
Hayes
&
Sons, Cleveland, have refused to take the $60,000 A.% 30-year
jail bonds awarded to them on June 13, and the bonds have
recently been re-awarded to a Chicago firm at par. See
Chronicle Aug. 3, June 22 and May 18, 1901.
Calhoun County, Texas.—Bond Sale.— The $12,000 \% refunding jail bonds mentioned in the Chronicle November 9
have been sold to the Calhoun County Permanent School
November
I'HK
23, 1901.]
(HRONKLE.
at par. Securities are in denomination of $1,000 and
mature in 40 years, subject to call alter 5 years.
Cambridge, Minn.— Bonds Not Sold.— All bids received
November 13 for the $11,500 coupon water- works bonds were
rejected.
We are advised that the bonds will be re-adver-
Fond
will
mar
tised in the
future.
Nos. I to 35, inclusive, piyable at the First
lot as follows
Citizens' Bank of Cameron, and Nos. 3* to 70, inclusive, payable at the Bank of Cameron."
Caruthersville, Mo. Bond Sale. — On November 18 the
$26,000 4% 10 20-year (optional) water-works bonds were
awarded to J. F. Hartley of Cairo. III., at 100 019. For
description of bonds see Chronicle Nov. 16, p. 1075.
Cass County. Iowa.— Bonds Defeated.—The proposition to
issue $12,000 4% gold jail bonds was defeated at a recent elec:
—
tion.
—
Cheboygan (Mich.) School District.— Loan Authorized.
The Board of Education has authorized a loan ot $4,00D to
complete the new Second Ward school building.
The Board of AlderChelsea, Mass. Loan Authorized
men has authorized a loan of $150,000 for funding purposes.
Clarke County, Ga. Bond Election Proposed.— A movement is on foot to get the County Commissioners to call
another election to vote on the question of issuing $33,000 4%
refunding bonds. An election was held early in the month
for tbis purpose, but resulted adversely.
Cleveland, Ohio. Bonds Proposed. The issuance of $700,000 city hall bonds is being considered.
Coatesville (Pa.) School District.— Bonds Not Sold. -No
satisfactory bids were received on November 16 for the $30,000 3J^# bonds offered for sale on that day. These bonds
—
—
—
were described in the Chronicle Oct. 26, p. 928.
Colli uwood, Ont.— Debenture Sale. -On November 12 the
followiog debentures, aggregating $34,700, were awarded to
Geo. A. Stimson & Co., Toronto, at 100-089
:
H electric-light debentures, maturing part
on Dec.
1
from 1992
water-works debentures, maturing part yearly on Dec.
1
from 1902
to
6,000 i%
1
to
i',200
9:11.
iw.il.
Dec
4,800
yearly
inclusive.
inclusive.
4* debentures,
maturing Dec.
1931.
1,
Interest payable June 1 and
1
from 1902
to
192 1, inclusive.
sidewalk debentures, maturing part yearly on Dec.
1
from 1902
to
1
from 1932 to
4)tf*
1921. Inclusive.
1,600 4)6* sidewalk debentures,
1921. inclusive.
Bidders must state the mnimum rate of interest at
which they will purchase the bands at par; said rate must
not exceed 5% per annum.
The official notice of this bond offering will be found among
the advertisements elseiohere in this Department.
Fifth Louisiana Levee District.— Bond Offering.—Proposals will be received until 12 m., Dec. 16, 1901, by the
Board of Commissioners at the office of the Board of State
Engineers, Cotton Exchange Building, New Orleans. Lt.,for
40 50-year (optional) refunding bonds. Securities
$175,000
are issued under the authority of Article 239. of the State
Constitution and of Act No. 14 Laws of 1898. They are
dated Jan. 1, 1902, and the interest will be payable semiannually at the fiscal Agency of the State of Louisiana or at
the office of the State Treasurer. A certified check for $1,000
must accompany proposals. I. T. McClellan is President of
the Baard of Commissioners and A. T. Lane, Secretary, both
being Usated at Tullulah.
Fond du Lac, Wis. Bond Sale. - On November 18 the
$40,000 %%t 20 year sewer bonds were awarded to Farson,
L<>ach & Co., Chicaga, at 101*392— an interest basis of about
3-404g.
Following are the bids
Farson, Leach a Co., Chio....$4<>.667 00 W.J. Hayes* Sons,Cleve....$40,lr-2 00
N W. Harris & Co.. Chicago.. 40,*25 00
For description of bonds see Chronicle Nov. 9, p. 1025.
Fort Worth, Texas. Refunding Bonds Imied. We are
advised that since our last reports an additional $62,030 of
the old bonds of this city have been exchanged for new 4%
refunding bonds. This amount, together with the $153,000
reported in the Chronicle Aug. 31, makes a total of $215,000
exchanged up to Nov. 18, 1901. See Chronicle Aug. 81,
H
:
i
I
.
—
Aug. 17 and May 11, 1901.
Fowler (Ohio) School District.— Bonds Voted.— This
dis-
has voted to issue $6,500 school- house bonds.
Gallatin, Tenn.— Bonds Refused— Bonds Re-sold.— It is
stated that S A. Kean, Chicago, who on September 14 was
awarded $3,500 5% 5 15-year (optional) water and $2,500 5%
electric-improvement bonds of this city has refused to take
trie same and the bonds have since been re-awarded to local
trict, it is said,
investors.
1.
sewer debentures, maturing part yearly on Dec.
4,600 4)^*
Fergus County ( P. 0. LewUtown), Mont.— Bond Offering.
—Proposals will be received until|2 P, m., December 19, by C.
SecuM. Kelly, CouDty Clerk, for $50,000 refunding bonds
rities will mature Jan. 1, 1922, subj *ct to call after Jan. 1,
1912.
Cameron, Marshall County, W. Va.— Bond Offering.—
Proposals will be received until 7 p. m., December 2, for
$7,000 6% water- works bo ids. Sicurities are in denomination of $100. Interest will be payable annually on Nov. 1.
Securities will mature in twenty years, but "at least three
of the said bonds are redeemable each year, to be divided by
110,000
1125
maturing part vearly on Dec.
Georgetown, Oat.— Debenture Offering.— Proposals will be
received until November 26 by G. S. Goadwillie, Town Treasurer, for $10,000 4\i<i debentures, maturing part yearly for
twenty years.
All the above debentures are dated Dae. 1, 1901, and are
payable at the Canadian Bank of Commerce in Collinwood.
Concord, N. H.— Bonds Authorized.— It is said that the
city government has amhorizsd the issuance of $130,000
bonds for a new city building.
Corsicansi, Texas. Bonds Authorized.
An issue of $25,000 3%£ 30-year bonds has been authorized for school pur-
—
Denomination, $1,000.
Cortlauu, N. Y.—Appropriatio i Authorized.— AX the
special election neld November 6 an appropriation of $19 500
was vote for an addition to one of the school buildings. The
question of issuing bonds to meet this appropriation is in the
hands of the Comuun Couacil, which bady has not as yet
taken any action in the matter. Under the city charter the
interest rate cannot exceed 4% per annum.
Dallas, Texas.— B ,nds Authorized —The City Council has
authorized the issuaace of $87,000 4% 40 year refunding water
bonds. These bonds were off en d for sale as 3)£ per cents on
November 1, but bids then received were all rejected.
Dickson, Teun.— Bond Offering.— Proposals will be received until December 2 by G A. Slayden, Mayor, for $35,000 b% 30-year water and light bonds. Interest on these
bonds will ire payable semi-annually in DicksoD. A certified
check for $500, payable to the Mayor and Recorder, must acposes.
i
Gloversville, N. Y.— Bond Offering— O. L. Everest, City
Chamberlain, will sell at public auction at 2 p. m., December
Fif12, an issue of $16,500 4%% local-improvement bonds.
teen bonds are in denomination of $1,000 and fifteen of $100
each, all dated Deo. 1, 1901. Interest will be payable annuPrinally 6t the Fourth National Bank of New York City.
cipal will mature $3,500 in one year, $3,300 in two years and
a like amount in three years, $3,200 in four years and likewise in five years after date of issuance. The authority for
the issuance of these bonds will be found in Chapter 275,
Laws
of 1899.
—
Groveland, Mass. —Bonds Voted. It is stated that this
town has voted to issue $17,000 school-house bands.
Gattenburg, Iowa.— Bonds Defeated.— This town has voted
against the issuance of $7,000 gas plant boads.
Harmony, Fillmore County, Minn. — Water works Authorized.—This village on November 12 voted to construct a
system of water works. The proposition carried. Before
bonds can be issued to pay for the proposed improvement
another election must be held, the date for which has not
yet been fixed.
Harrlston, Ont.— Dtbinture Offering.— Proposals will be
received until Dec. 5, 1901, by W. D. Ebbels, Town Treasurer, for $10,000 4% debentures.
Securities are dated O^t. 1,
company proposals.
1901, and the principal will mature part yearly for twenty
Elgin, 111.— Temporary Loan —This city has borrowed years. Accrued interest must be paid by purchasers.
$7,279 07 in anticipation of the collection of taxes.
Haskell County, Kan.— Bond Sale.— This county has sold
Elyria, Ohio.— ttond Offering. Proposals will be received $18 000 4% refunding bonds, maturing in thirty yeaisand
until 12 m., Dec. 16 by W. H. Park, City Clerk, for the fol- subject to call after July 1, 1911. The oonds were sold $a,00D
lowing street assessment bouds
to the State of Kansas and $13,000 to Milton Brown of Topeka.
II .250 6* Wurst Court improvement bonds, maturing one bond of $260 ou Aug.
Hernando County (P.O. Brooksville), Fla.— Bond Elec16, 19J3; one bond of $500 on Aug. 16, 1W06, and one bond of $500 on
tion.—
An election will be held December 31 to vote on the
Aug. 15, 1U08.
2,600 6* Cedar Street improvement bonds, maturing one bond of 1500 yearly
question of issuiDg $30, 0( road bonds.
on Auk. 15 from 19 4 to 1908, inclusive.
Hinsdale, N. U..—Loan Provided Fur.— We are advised
20.000 6* West Avenue improvement bonds, in denomination of $500. Bonds
muture yearly on Aug. 15, $:<,6u0in 190i, $4,000 in 1U01, $3,600 in li'OS,
by C. E. Keyon, Town Treasurer, that demand notes will be
$3,500 in 190b, $4,000 in 1907 and $3,500 in 1908.
issued to cover the expense of completing the town hall. The
Securities are all issued under the authority of Sections amount authorized for this purpose, as stated in the Chron2704 and 27' 5, Revised Statutes of Oaio. Tney are dated icle Nov. 9, is $10,000. The money will be borrowed as
Aug. 15, 1901, and the interest will be payable semi-annually. needed, and arrangements have already been made to place
Accrued interest is to b* paid by purchasers.
the same at 3? interest.
Enreka, Cat.— Bond Election Postponed.— We are advised
Uolley, N. Y.— Bond Election.— An election will be held
that he date upon which the question of issuing $.25,000 November 25 to vote on the question of issuing $15,000 5*
water, $so,000 sewer aud $3'),( 00 school- building bonds will electric-light-plant bonds, and also on the proposition to
be submitted to the voters has been changed from Nov. 20 to borrow $19,000 in anticipation of next year's taxes to pay for
Dec. 16 1901.
labor and material on Hudson Street. If authorized, the
Fayette County, Ohio.— Bond Sale.—Oa November 20 above bonds will be issued in lieu of those voted at the elec
$4,100 5jf road bonds were awarded to P. S. Briggs & Co.,
tion held Aug. 26, 1901.
Cincinnati, at 101-463. Securities are dated Nov. 2 J, 1901.
Howard County, lud.— Bond Offering.— Proposals will be
Interest will be payable annually on November 20, and the received until December 2 by A. R. Ellis, County Auditor,
principal will mature $2,0C0 on Nov. 20, 1903 and $2,100 on for $4,800
2-7- year (serial) Charles M. Conway Free Gravel
Nov. 20, 1904. A full list of the bids will be given next Road bonds. Interest will be payable semi-annually. A
week.
certified check for $144 must accompany proposals.
—
:
l
H
THE CHRONICLE.
1126
Hyde Park, Ohio. Bond Offering.— Proposals will be received until 12 M., December 20, by Frank Lewis, Village
Clerk, at the office of F. H. Kinney, Room 110, 519 Main
8treet, Cincinnati, f >r $2,237 92 Union Avenue and $4,262 85
Drake Avenue 4}£% 1-10-year improvement bonds. Securities
are dated Nov. 14. 1901. Interest will be pavable annually
at the Franklin Bank of Cincinnati. Accrued interest is to
be paid by purchaser.
certified check for 2% of bonds
must accompany proposals. ThH amount of bonds to be
issued may be reduced if any assessments are paid in cash.
Bond Election— An election will be held December 17 to
vote on the question of issuing $3,500 fire protection and
$2,500 town hall- furniture bonds.
Indianapolis, Ind.— Bonds Proposed. The issuance of
$197,000 funding bonds is being considered.
Jack Count}, Texas.— Bonds Registered. The State Comptroller has registered an issue of $11,000 refunding courthouse bonds.
Jacksonville, Fla.— Bond Sale.— On November 15 the
$400,000 b% 22^-year gold water-works and improvement
Son and Wilson,
bonds were awarded to Townsend, Scott
Colston & Co., Baltimore, at 107535— an interest basis of
about 4'466£. Following are the bids
ture Jan. 1, 1922, subject to call at par on any interest-paying day after Jan. 1. 1912. A certified check on a national
bank of the United States fer $3,000, payable to the Mayor,
must accompany proposals. The total assessed valuation of
the city for 1901 is $7.05n,800. The bonds are issued under
an Act of the Porto Rico Legislature approved Jan. 31, 1901,
and under Section 38 of the Organic Act of the Congress of
the United States, approved April 12, 1900. The official advertisement states that "in the event of a failure on the
part of the city to make prompt payment of the interest or
principal of the bonds, or any part thereof, as the same shall
become due, the city, as a pledge of its good faith, authorizes the Treasurer of Porto Rico to retain and set aside from
revenues and moneys to be collected by the Insular Government and due to the city, a sum sufficient for such payments
A
—
—
in arrears."
&
Middlesex County (P. 0. London), Ont.— Debenture Offering.— Proposals will be received until 4 P. m., December 5, by
A. M. McEvoy, County Treasurer, for $20,000 3}£* consolidated debt debentures. Interest will be payable Bemi-annu
ally on June 30 and December 30 and the principal will mature Dec. 30, 1921.
Middletown, Conn.— Bond Sale.—On November 19 the
$53,000 %%.t 20 year refunding bonds were awarded to Adams
Co., Boston, at 103 92— an interest basis of about 8-233£.
Following are the bids
:
Townsend, Scott
«J
St,
Son and
SpltzerA
Wilson, Colston & Co., Bait.. $430,140
.W.C. Stockton, trustee. J ackgonvllle
CM.
Mayers, Columbus
& Co.. New York.
Dick Bros.
.
.
421,087
41H.982
412,410
Toledo
$412,000
Feder, Holzman A Co..Cln.... 411,321
Lamprecht Bros. Co..Cleve .. 408,501
406,720
Denlson. Prior St, Co., Cleve.
40ij,600
W.J. Hayes & Sons, Cleve
405,"05
8easonKood & Mayer. Cln
Co.,
.
.
&
.
:
Adams
103-92
Co.. Boston
R. L. Day * Co.. Boston
103-891
Blodget, Merrltt
Co.. Boston. 103-81
N. W. Harris St, Co., New York.. 103-49
For description of bonds see Chronicle Oct. 19, p. 865.
Kenosha (Wis ) School district.— Temporary Loan. This
district has borrowed $6,000 temporarily from the First National Bank of Kenosha at b%.
Kirk wood, Mo. —Bond Election. An election will be held
—
Offering.
|
—
—
Bond
Parkinson & Burr. Boston
103-38
1031K
Blake Bros. & Co.. Boston
Denlson. Prior & Co.. Boston... .102-75
Press" states that on November 12 the State granted twentysix applications for loans by school districts, aggregating
$18,432. The loans range from $400 to $1,500.
Moline, Kock Island County, 111. Bonds to be Issued.
This city will i»sue bonds bearing 5% interest for local improvements. These bonds will be taken by the contractors
for the work in payment of cost of improvements.
Mora (Minn.) School District.— Bond Sale.— This district
has sold an issue of $1,500 4% school bonds to the State Per-
La Crosse, Wis. Bond Offering Proposals will be received until 2 p. m., November 29, by Lemuel W. Gosnell,
City Clerk, for $12,000 3^£ refunding water bonds. SecuriInties are in denomination of $1,000, dated Dec. 1, 1901.
terest will be payable semi-annually at the office of the City
Treasurer. Principal will mature Dec. 1, 1921, subject to
call after Dec. 1, 1911.
La Harpe, Allen County, Kan.
I
|
For description of bonds see Chronicle Oct. 26, p. 924.
Minnesota.— Loans Negotiated.— The St. Paul "Pioneer
30 to vote on the question of issuiDg $25,000 water-
supply bonds.
St,
&
—
November
[Vol. LXXIII.
manent School Fund.
Mount Carroll, III.— Bonds Authorized. -The Common
Council has authorizd the issuance of bonds lor the construction and erection of a water works tower and tank.
—Proposals
for the $14,000 20-year water bonds recently voted will be
received until Nov. 27, 1901. Securities will be issued in denominations of from $10 to $200 and the interest rate must
Mount Forest, Ont. Debenture Offering —Proposals will
be received until November 30 by (?. J. Reid, Town Treasurer, for $12,000 4% electric light debentures, "payable by
thirty yearly instalments, including principal and interest, of
$694 each." Securities are to be issued on Dec. 20, 1901, and
the purchaser will be required to pay accrued interest.
Need nam, Mass.— Bond Election. A town meeting has
been called for Nov. 26 to vote on the issuance of additional
water bonds.
Newburgb, N. Y.— Bond Sale.—On November 4 the $3,000
%%i 1 10-year (serial) improvement bonds were awarded to
the Newburgh Savings Bank at 100"166.
For description
not exceed 6$.
Lake Providence, La.— Bonds Voted.— This town has
voted to issue $20,000 5£ water- works and electric- light
bonds.
Lawrence, Nassau County, N. Y.— Bond Offering.—Proposals will be received by N. J. Pettit, Village Clerk, at the
—
Fred Ingraham, 192 Broadway, New York City,
until 12 M., November 25, for $6,500 gold coupon park bonds.
Securities were authorized at the election neld March 19,
1901. They are in denomination of $500, dated Nov. 1, 1901.
Interest (rate to be named in bids) must not exceed 4%. Principal will mature $500 yearly on November 1 from 1906 to of bonds pee Chronicle Nov. 2, p. 973
Accrued interest is to be paid by purchaser.
Bond Ordinance Defeated.— The Common Council on Nov.
1918, inclusive.
A certified check on a national or a New York State bank 11 defeated the proposition to issue $47,000 bonds for the imfor $650, payable to James Baker, Village Treasurer, must provement of B roadway.
accompany proposals.
Norfolk, Ya.— Bonis Voted. The election held November
Lewis Couuty, Wash.— Bond Sale.— On November 16 the 14 to vote on the question of issuing $480,000 Sixth Ward
$100,000 10 20 year (optional) refunding bonds were awarded street-improvement bonds carried by about 500 majority.
to N. W. Harris & Co., Chicago, at 103-828 for 4% per cents.
The details of these bonds are yet to be determined.
For description of bonds see Chronicle Nov. 2, p. 973.
The Town
Norristown, Pa.— Bond Election Proposed
Lima. Ohio.— Reduction of Bonds Offered.— The amount of Council ie considering the question of submitting to the
office of
—
—
the 5% West
Wayne
Street paving bonds to be offered for sale
voters at the election Feb. 18, 190?, the question of issuing
$150/00 bonds for funding the floating debt, for improvements to sewers and joadways, and for other purposes.
special eleccion will be
Ottawa, la.— Bond Election.—
held Dec. 16 to vote on the question of issuing bonds for the
improvement of the electric light plant and the extension of
the water system.
Oneida (N. ¥.) School District.— Bond Election.— An election will be held Dec. 3 to vote on the question of issuing
$38,00} high school bonds.
Pasadena, Cal. Bond Election. An election will be held
shortly to vote on the question of issuing $300,000 bonds for
Bonds will be for the following
various improvements.
purposes $40,000 for a city hall and $9,500 for site, $30,000
for the fire department, $17,500 for street improvements,
$6 .000 for the sinking of an experimental well, $35,000 for
sewers. $5,000 for the improvement of the sewer farm and
$167,000 for public parks and improvements.
Perry, Iowa.— Bund Sate.—This city has sold an issue of
Co.,
$9,000 4% 10-20 year (optional) bonds to N. W. Harris
on November 25 has been reduced from $7,062 33 to $2,914 64.
The other two issues of bonds to be sold on the same day are
as originally given. A description of these bonds and tee
terms of the sale will be found in the Chronicle Nov. 9 p.
A
1025.
Live Oak School District, Contra' Costa County, Cal.—
Bond Offering—Proposals will be received until 10 a. m
,
December
16, by
1-10-year (serial)
R. L Ulsh, County Treasurer, for $3,750 6%
gold school bonds. Securities are in de-
—
nomination of $375.
Lockland, Ohio. Bonds to be Issued. This village will
issue about $15,000 bonds for a new town hall.
Madison vi lie, Ohio Bonds Authorized.—The City Council has authorized the issuance of the $25,000 electric- light
and water bonds voted at the election held Nov. 11, 1901.
Securities will be in denomination of $500 and will carry 4%
interest, payable semi-annually at the Cincinnati Trust Co.,
—
—
:
Cincinnati. Principal will mature in 30 years.
Marlin, Falls Couuty, Texas.— Bond Offering.—Proposals
will be received until 12 m., December 9, by Wm. Shelton,
Mayor, for $20,000 5% 5-40- year (optional) school-house, $18,000 5* 5-40 year (optional) water and $16,000 5% 5 30 year
(optional) refunding bonds.
Securities were authorized at
the election held Oct. 8, 1901. They are in denomination of
$500.
Interest will be payable semi-annually at the office of
the City Treasurer. Securities are exempt from taxation.
Martin, Tenn. Bond Election. An election will be held
November 30 to vote on the question of issuing $7,500 school
bonds.
&
Chicago.
Peloskey, Mich.
-Bond Sale.— On Nov. 18 the $5,000 4*
20-30-year (optional) Dark bonds were awarded to Thompson,
Crawford Co., Chicago, at 101*52. Following are
Tenney
the bids
14,960 00
8. A. Kean, Chicago
Thompson.Tenney & Crawford
&
I
Co.,
—
Mayaguez, Porto Rico.—Bond Offering.— Proposals will
be received until 4 p. m., December 5, by M. Fajardo, Mayor,
for $200,000 6% gold bonds issued for various improvements.
Securities are in denomination of $500, dated Jan. 1, 1902.
Interest will be payable semi-annually.
Principal will ma-
Chicago
$5,076 00
|
Seasongood & Mayer, Clncln.
.
4,87500
For description of bonds see Chronicle Nov. 9, p. 1026.
Philadelphia, Pa. Temporary Loan Proposed. The
Finanoe Committee of the City Councils has reported favorably an ordinance providing for tbe negotiation of a twomooths' lean of $360,000 for general municipal purposes.
Phillips County, Kan.— Bonds Registered.— The State
Auditor has registered an issue of $20,000 4%<t, refunding
bonds of this county.
—
*
November
THE CHRONICLE.
1901.]
2.J,
A proposition to issue bonds of this nature was submitted to
a vote of the people on October 5, tut failed to carry.
^yniour (Texas) School District.— Honda to be Istued
are advised by T. H. V. IVt-ry, Chairman of
Shortly.
the School Board, that the district will issue In the near
future $20,000 4% 5 20-year (optional) boodf. These bonds
will be in denomination of $510 atd will be offered for sale
as soon as they are lithographed and approved by the Attorney-General.
Sharpsburg, Pa.— Bond Sale.— On November 1 the $30,000 4% water and light bonds were awarded to Dick Bros.
For description of bonds see
Co.. Philadelphia, at 103*66.
Mass.— Temporary Loan.— The Ulty TreaBurer
with Boston parties a loan of $15,000 to meet
negotiated
has
sewer payments now due.
Plain field, N. J.— Temporary Street Improvement Bond*
are advised that an issne of $5,000 street-improveSold.—
ment bonds has been sold in anticipation of the collection of
assessments. The bonds will mature in possibly two or three
Plttailehl,
— We
We
months.
Rochester, N. Y.— Temporary Ix>an.— On November 10 this
city negotiated a loan of $150,000 for eight months with C. S.
Lunt & Co., Rochester, at 3-90*. The following offers were
&
made
C.8. Luut
4.C<>..
ELoohesUr
.
(
DunscombA
New York
Jonnlson.
..„... 8 months
WJ
$140,0' o,
mouths
\
(
Rochester Savings Rank
Monroe County Savings Bank, Rochester
Blako Bros. & Co.. New York
Genesee Valley Trust Co.. llochester
Myron W. Greene, Rochester
Chronicle October 19, page 860.
Sioux Falls (S. Dak.) Independent School District.—
Bond Sale. — On November 18 an iBsue of $50,01 4% 20-year
bonds was awarded to McDonald. McCoy & Co., Chicago,
A bid of
at par less $1,100 for attorney fees and expenses.
par leas $1,175 was received from Trowbridge & Niver Co.,
Chicago. Bonds are dated Oct. 1. 1901.
fg&S
&»S
*
140,000. H mm. ptiu."' <,<,s-or>»
10,000, 8or8montba@4'004
mu. nit li5(.»HU5»
160,000, fl or 8 muni M-ut.3 (>»*
140,000. rt or H monl h-..<,4!-6*
140,000, 6 or H montli»C44 lo*
or8 montha06 a
140,000,
1&0.C 00, 8 or
lM
local
improvefor
made
was
lean
§140,000
above
Of the
ments and $10,000 for the Hemlock Lake Commission.
Rock Island (111.) School District— Bond Sale.-ThU
district on Nov. 12 sold an issue of $71,000 4* 5-year highschool-buildirjg bonds to N.W.Harris & Co., Chicago, at
102*274- an interest basis of about 3%%.
Rockville, Mass.— Bonds Pi-oposed. -At a recent meeting
of the City Council the Mayor advocated the issuance of
$50,000 permanent improvement bonds, and suggests that
the city apply to the next State Legislature for the necessary
Skaneateles, Onondaga County, N. Y.— Bond Sale.—On
18 an issue of $8,000 electric light bonds was sold
to the Skaneateles Savings Bank at par for 3>£ per cents.
Interest will be
Securities are in denomination of $1,000.
payable semi-annually at the National Bank of Skaneateles.
Principal will mature $1,000 yearly on January 1 from 1907
November
to 1914, inclusive.
O. Everett), Wash.— Bond Offerwill be received until 10 a. m., December 16,
bv the Board of County Commissioners, Thos. C. Fleming,
Chairman, for $135,000 10 20-year (optional) funding bonds
and $115,000 10-20 year (optional) refunding bonds. SecuriInterest rate is to be
ties are in denomination of $1,000.
certified check for b% of the amount of
named in bids.
bid must accompany proposals. W. M. Ross is County
Snohomish County (P.
ing— Proposals
authority.
Sag Harbor, Suffolk County, N. Y.— Bonds Defeated.-The
election held
November
19 resulted unfavorably to the pro-
A
posed issuance of sewer bonds.
Salem, Mass.— Temporary Loan.—The city has borrowed
temporarily from the Eliot National Bank of Boston the sum
Auditor.
South Portland, Me.— Bond Sale.— On November 18 the
S%% sewer bonds were awarded to Swan & Barrett of
Portland at 100*91— an interest basis of about 3-30£. Fol-
of $40,000 at 3-40*.
Sau Saba County, Texas.— Bonds Approved.— The Attor-
$10,000
ney-General has approved an issue of $10,000 refunding
lowing are the bids
100-91
N. W. Harris 4 Co., New York.. 100*83
Swan* Barrett, Portland
100*72
K. H. Gay & Co., Boston
For description of bonds see Chronicle Nov. 16, p. 1077.
bridge bonds.
Schuylerville, Saratoga
:
County, N. Y.— Bond Election
Proposed.— There is talk of holding another election in this
village to vote on the question of issuing water- works bonds.
NEW
LOANS.
I
I
INVESTMENTS.
INVESTMENTS.
^4iw,ooo
$88,000
$50,000
FERGUS COUNTY, MONT., CITY OF ATLANTA,
GOLD REFUNDING BONDS.
of County Commissioners of Fergus
County, State of Montana, will, on the 19tn day of
December, A. O. 1901. at ihe hour of 2 o'clock P.M. at
their office In t he City of Lewistown, In said County,
receive proposals for the sale of Fifty Thousand
Dollars of Fergus County Retunding Bonds, issued
for the purpose of redeeming a lU*e amount of the
bonds of said County, of the Issue of 1891, now
The Board
outstanding and redeemable.
The bonds to be Issued pursuant to the provisions
of Article 3, Pan 4, Title 2, of the political Code of
the State of Montana. t>nd the laws amendatory
thereof; said !< .mi- will bear interest at a rate not
to exceed 6 per cent per annum and will be payable
January 1st, 1«22, and redeemable after the 1st day
of January, 1912.
Bidders must state the minimum rate of interest
that they will purchase bonds drawing. Bonds to
sell
L127
BX% Gold Befundtng 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 1418,000 City of Atlanta,
Ga., 80-year 3K* Gold Coupon Bonds of $1,000 each,
due December 31st, 1931. Interest pav able July add
January in New York and Atlanta. Bids may be for
the whole or part of said bonds. Bidders to enclose
with bid certified ©hecks for five per cent of par
value of amount bid for check to be made payable
to the order of Thos. J. Peeples, City Treasurer.
Bidders will be required to receive and pay for
;
bonds allotted them on December 31st, 1801. The
right is resei ved to reject any or all bids.
LIVINGSTON MIM3, Mayor.
WM.
<
C.
RAWSON,
liaiiman Finance Committee.
For further information address
J.
H. Goldsmith.
City Comptroller.
at par.
Proposals should be addressed to "C. M. Kelly.
County Clerk, Lewistown, Fergus County, Montana,"
and marked Proposals lor bonds."
The Boatd of Commissioners reserve the right to
reject any or all bids.
By order of the Board of Commissioners,
SAMUEL PHILLIPS, Chairman.
Attest: C, M. KELLY, County Clerk.
GA.,
New Orleans, l.n.. 4s.
Town of Covert, N. Y..
Allenhurst, N. J., 4!4s.
Perth A in boy. N. J., 4*.
WE
Southern Pines, \. <'., 6s.
York (Pa.) County Traction Co., 1st
Mtge. Gold 5s.
EDW.
NEW
C.
YORK,
PHILADELPHIA,
JONES & CO.,
-
-
1
112 SO.
Perry, Coffin
AND
E. H.
NASSAU STREET
FOURTH STREET
&
Burr,
BONDS.
ROLLINS & SONS
San Francisco.
Denver.
INVESTMENT BONDS.
E.
MUNICIPAL BONDS.
C. STANWOOD & CO.
121
BANKERS,
Devonshire Street
BOSTON.
OFFER. TO YIELD ABOUT
Butte Electric
& Power Co.
Butte, Mont.,
Mortgage Sinking Faarf
Gold Bond*.
per cent 1st
Denomination,
$1,000.
Maturing
1
to 80 years.
Rudolph Kleybolte
NASSAU
ST..
&
NEW YORK
Co.
CITY.
LI8T.
OENISON, PRIOR & CO.
BOSTON.
Blodget, Merritt
&
R.FULTON &
F.
CO.,
Municipal Bonds,
Co., 171
LA SALLE
BANKERS.
16
it.
(Total Issue, 81,000,000)
I
SEND FOR
CO., Banker*,
&.
8400,000
i
BOSTON.
6o State Street,
BOSTON.
WILD
Corporation
Service
CLEVELAND.
INVESTMENT BONDS,
„
Price yielding 8H per cent.
__„
$19,309,778
Assessed valuation
©e,6*g.80Q
Actual valuation
h!HJ,60u
Indebtedness, including this igsue
Population, Census 1900, 0T.818.
City of Bloomtngton Is the oounty seat.
The entire bonded debt of this county was created
to rebuild the Court House destroyed by flre about
two years since. McLean County Is not only the
largest In the state, 1.16B square miles, but Is one
of the most fertile and wealthy.
Legality of issue approved by Storey, Thorndlke St,
Palmer, Boston, Mass.
Indianapolis.
MUNICIPAL
3!4a.
Court House Rebuilding Bonds.
I
Dated November 1. 1961. Denominations $1,000 each
21,000 due November 1, 1902.
24.0H0 due November 1, 1904.
26,000 due November 1, 1905.
17,000 due November 1, 1906.
J. F.
'*
Public
Mclean county, Illinois,
STREET,
CHICAGO.
Congress Street, Boston.
" Full description of specially
BONDS. attractive
13 Wall Street, New York.
STATE, CITY & RAILROAD
WANTED:
LANDS IN NORTH AND SOUTH
DAKOTA AND TEXAS
Correnpondence with owners solicited.
COMPANY,
THE AMALGAMATED LAND
New York.
31
Naiwi
Street,
5%
gent
GOLD BONDS
upon application."
TROWBRIDGE & NIVER
First National
Bank
Building.
CO.,
CHICAGO.
THE CHRONICLE.
1128
Stanley County, S. Dak.— Bond Offering.— Proposals will
be received nntil 2f,h, Dtoember 12, by Qeo. D. Mathusoi,
Chairman Bjard of County Commissioners, for $70,000 5%
1C-20 year (optional) bonds to be sold for the purpose of taking up all outstanding warrants issued prior to Jan 1, 1901.
Securities will be dated Dec. 1. 1901, and the interest will be
payable at the Chaee National Bank, New York Citv.
Throop. Pa.— Bond Sale. This borough on November 6
sold an issue of f 7,000 h% bonds. Securities are in denomina-
order before the opening of next summer's season. The
Treasurer will hire money from time to time to meet
the cost of construction, hnt it is understood that no bonds
will be issued until the entire cost has been determined.
West HomeHtead, Pa —Bondn Voted.— Tnis borough has
voted to issue $'^8,000 sewer bonds.
West Salem, Wis. —Bond Offering.— Proposals will be received until Ddcemner 3 for $3,000 5£ water-drain bonds.
Interest will be payable annually aod the t rincipal will mature $1 000 yearly on July 10 from 1902 to 19 4, inclusive.
Wethersileld, Cono. —Loan Authorized.— A loan of $3,000
to defray current expenses his been authorized.
Whitman, Plymouth County, Maw.— Loan Authorized.
This place has authorized a loan of $10,000 for use of the fire
department. This loan, we are advised, will probably be
borrowed from local banks. Note^ will ne issued in denomination of $2/00 and will mature one note j early from 1903
Town
—
tion of $500.
Tipton County (P. O.Tipton), lad.— Bond Offering— Pro
posals will be received until 12 m., December 8, by E. Perry,
County Auditor, for $4,8u0 5% gravel- ro«d bonds Securities
are in denomination of $300, dated Dae. 1, 1901. Interest
will be payable semi-annually at the State Bink of Tipton.
Principal will matnre part yearly from 19U3 to 1908, inclusive.
Toledo, Ohio.— Bond Sale.— On November 19 the $46,000
3%# 20-year general street intersection bonds were awarded
to Spitzer
Co., Toledo, at 101*146, and the twerjty-four
issues of 4% street- improvement bonds were awarded to the
Merchants' National Bank of Toledo a-, 100'55. Following
are the bids
Premium
—
to 1907.
&
,
Feder.
Holzman a
$119,01-0 28
Bonds.
Bonds.
$627 20
463 95
414 00
381(56
117 60
Spitzer A Co.. Toledo
Merchants' National Bank, Toledo
State Savings Bank, Toledo
Seasongood A Mayer. Cincinnati
Co., Cincinnati..
$600 00
& Co.,
—
l*ar
?2800
30000
Second National Bank, Toledo.
Denlson. Prior
Wilkes-Barre, Pa. Bonds Proposed.— An ordinance is before the Common Council providing for an election February
18 to vote on the issuance of $61,000 d^i 5 30 year (optional)
bonds for the following purposes : $33,000 for sewers, $12,000
for re-paving streets and $15,000 for the erection of a fire
eDgine house and for fire apparatus. The ordinance comes
up for final passage on Nov. 26. 1901.
Wilhinsburg, Pa. Bond Offering. Proposals will be received until 2 p. M., November 30. by Arthur Stuart, Chairman of Finance Committee, tor $60,000 Z%t street-improvement bonds. Securities are in denomination of $1,000, dated
July 10, 1900. Interest will be payable semi-annually in
Wiikinsburg. Principal will mature §2,000 yearly from 1902
to 1928, inclusive, $3,000 in 1929 and $3,000 in 1930.
certified check on a national bank for 2j of the amount bid must
accompany proposals. This borough, we are advised, bas
never defaulted in the payment of either principal or interThese bonds were offered for sale on October 31, but
est.
the bids then received were rejected.
Winona, MlnD. Bonds to be Issue i. This place has authority to issue $20,000 bonds for park purposes. Nothing
has yet been done towards the issuance of theee bonds,
although steps have been taken to condemn certain property
.
$4«,000
Cleveland
of bonds see Chronicle Oct. 26, p. 925.
County, Texas.— Bond Sale.—The $25,000 jail bonds
voted at the election held September 17 have been sold to the
State Permanent School Fund.
Wellington, Kan.— Bonds Voted.— This place has voted to
For description
Webb
A
issue $15,010 electric-light- plant bonds.
are
Westerly, R. I. Bond Bill Passes Legislature.
advised that the Rhode Island Legislature passed a bill on
November 19 authorizing the town of Westerly to issue
bonds to the amount of $100,000 to extend its water- works
system to the summer village of Watch Hill, in the fame
township. The town will begin work under this authority
as soon as possible, so that the system may be in working
— We
Geo. D. Cook Company, N.
—
on Lake Winona and an appraisal
31 NASSAU ST.,
CHICAGO.
Deal exclusively
238-240 La Salle Street,
CHICAGO.
NEW YORK.
BOSTON
171
81,000,000.
ADAM
A. STCLL,
President
Vice-President and Trust Officer
Sec'y
THOMAS ROBIN8.
HENRY G. BRENGLE.
and
Treas.,
DIRECTORS
Malcolm Lloyd,
John Mcllhenny,
Clenent B. Newbold.
John W. Pepper,
lames Crosby Brown,
Tohn Cadwalader,
E.W.Clark Jr.,
Edwin S. Dixon,
Eugene L. Ellison,
Harry
AND CORPORATION
La Salle
William
F. Read,
Robins,
A. Stall,
Edward D. Toland,
Joseph R. Wainwright,
George B. Wilson,
William D. Winsor.
Thomas
F. Houston,
Levering Jones,
Samuel
J.
Isaac
November Investments.
T. B. POTTER,
MUNICIPAL and orikinc
BUNU
CORPORATION
Adam
C. Francis,
Henry L. Gaw, Jr..
Howard S. Graham,
8KND FOR LIST
Street, Chicago.
i
.
Wistar.
THE GRAND
MUNICIPAL, RAILROAD AND CORPORATION
BONDS.
FARSON LEACH &
Philadelphia.
Interest on Deposits.
In municipal,
Co.,
BONDS.
St.,
Acts as Executor, Trustee, Registrar, etc. Bocomes Surety. Complete set of Sate Deposit Vaults,
Joseph C. Fraley.
MUNICIPAL
being made.
CAPITAL
Quotations furnished for purchase, sale or exchange
&
now
503-505-507 Chestnut
Railroad and other bonds adapted
for trust funds and savings.
1442 Broad-Exchange Bid*.
ISSUE TRAVELERS' LETTERS OF CREDIT
A VAILABLE IN ALL PARTS OF THE WORLD.
MacDonald, McCoy
is
INVESTMENTS.
TRUST COMPANIES.
W. HARRIS & CO., The Trust Company of North America.
BANKERS,
INVESTMENT SECURITIES,
N. T. Office.
[Vol. LXXIII.
PRIX.
CO.,
NEW YOKK.
CHICAGO.
^'
172 Washington Street,
CHICAGO,
ILLS.
-
•
-
SECURE BANK VAULT8.
LIST ON APPLICATION.
MUNICIPAL
V/%
to 6£ always
on hant
DUKE M. FARSON &CO.
115 Dearborn
St.,
WHITING'S STANDARD
BONDS
and
CORPORATION
Netting from
WAS AWARDED AT THE PARIS EXPOSITION TO
GENUINE
WELDED CHROME STEEL AND IRO*
louDd and Flat Bars and 6-piy Plates and Angle*
FOR SAFES, VAULTS, 4a
CHICAGO.
Cannot be Sawed, Cut, or
drilled,
and
WHITING PAPER COMPANY.
positively
Burglar Proof.
Send for our Investment
Circulars.
CHROME STEEL WORKS,
Kent Ave. Keap and Hooper
Man'f'nrsin the n.
BROOK VI.
hol yoke, mass..
Sts.,
MASON, LEWIS & CO.
BOSTON,
CHICAGO,
MUNICIPAL
RAILROAD
CORPORATION
60 Devonshire
[
St.
BONDS.
Choice Ieauea.
Street
S.
I
A. G. Becker
BANKERS,
Henadnock Building,
3 >i»
Railway and Gas Companies.
LIST ON APPLICATION.
&
INCORPORATED.
N. V
And
W,
Cor.
Monro* & La
Co.,
&
Mayer,
W. Corner Third and Walnut
Streets.
CINCINNATI, OHIO.
MUNICIPAL BONDS.
City, County, Town and Sohool Bonds
•sued in leading prosperous States of the Onion,
sspecially adapted for safe and permanen investment for Estates and Trust Funds.
High-Grade
Salle 8t»., Chicago.
BONDS.
and City Bonds,
from 3 to 5% net. Correspondence invited.
B.
<fc
CO.,
HARRY
Duanb Street, New York.
Seasongood
S.
1
We have several issues of County
yielding
150
.
COMMERCIAL, PAPER
8.
PAPERS.
They are the only American papers which hare
ever received this— the highest honor that can be
It means they are the most perfect
eonferred.
made. Insist on having them for your fine correspondence and your office stationery. Are you using
Whiting's .Ledger Papers In you Blank-Book
Samples and booklet free.
POWELL
Woodstock, Vermont.
Financial
The
Review
81 annual issues.
*ince 1886, $2.
1881-1901.
Price, $35.
WILLIAM
7«H Pine St.
B.
Single Issues
DANA CO..
oor. Plarl,
New
York.
@FedFRASER