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^wonirit
nmiiwrB
Supplement
Quotation
Street Railvvmj Supplement
(Monthly)
Investors Supplement (Quarterly)
[Entered aooorrtlng
VOL.
r.<»
William B. Dana Oompant,
SATURDAY, OCTOBER
73.
Supplement (^wAm^
Stale and City
ant of Onn<-r«SBM, in toe y*«ar 19<H, by the
^-Anm^
the
tn
offlo* of
th« Librarian of Oongr»«a.
NO. 1895.
19, 1901.
Week ending October
18.
CUarlngs at
1901.
PUBLISHED WEEKLY.
Terms of Subscription— Payable in Advance
For One Year
$10 00
For Six Months
6 00
European Subscription (lnoludlng postage)
18 00
European Subscription Six Months (Including postage)
7 SO
Annual Subscription In London (lnoludlng postage)
42 14b.
Six Mob.
do.
do.
do.
41 lis.
Above subscription lnoludes—
The quotation Supplhhhmt
thk invk8tob8' supplement
Terms
Stbbbt Railway Supplement
state and city supplement
Transient matter
$4 20
•TAJDINQ BUSINESS 0ABD8.
Two Months
(8 times) .. 22 00
Three Months
(13 times) .$29 00
" ).. 60 00
(26
Twelve Months (52 " ).. 87 00
.
Worcester
Portland
Kail River
Lowell
B.
DANA COMPANY,
Publisher*,
new York.
NewBng..
Chicago
Indianapolis
Peoria
Toledo
Grand Rapldi
Dayton
.
Youngstown
Springfield,
111
Lexington
Rookford
Total
all cities,
6 dayi
The
P. Cent
1900,
all olttei
$1,119,029,794
1H0.180.247
90,161.943
18.S74.9S4
131,987,984
40.011 019
11,495,920
$^55,959,482
106.93t.6S5
76.743.477
16,037 255
116 233 140
81.710 701
18.471,700
+80-7
+18-9
+19-0
+15-8
+13-3
+28*2
$1.589,801 .1-4
850,008.782
$1,815,078 200
229.878.418
+86*1
+8-8
$1,782,610,608
86l.907.Hll
All oltles, 1 day
Total
1901.
for week
$3,181,718 814
$1,444,961,704
876,143.566
-7-8
+28-4
+27*6
$1,780,100,374
Los Angeles...
Seattle
Spokane
Tacoma.
Helena
the week covered by the above will be
given next Saturday.
We cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday
night.
rious week, covering the returns for the period ending with
Saturday noon, Oct. 12, 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 30-6 per cent. Outside of New York the increase
over 1900 is 14*l per oent.
Week ending October
1901.
New York
Philadelphia
Pittsburg
Baltimore
Buffalo
Washington
Albany
$
.321.H44.023
95 83.1. WW
34 876.004
28.1184)4!
6 410 018
8.8' 9 849;
8.2817071
Wilmington
648f
1.170,077
1,260 448
1,830,859
Bingham ton.
842 800
Chester
817.501
406.313
Rochester
Syracuse
Ocranton.
Oreensburg
Wheeling W. Va..
Wilkes Barre
Total Middle...
leS0
098 961!
1900.
1901.
1899.
88,841019
80 896 968
-t-21-3
86 ,880.178
+8*4
+82-5
19
6
2
3
8
6 281.968
2.48b 66S
+150
2,*<0H,S36
-t-12-7
1.794,188
1,066,886
+8-0
+9'9
+80-3
967.058
939 465
368.400
897.180
896,819
Not Include
711,848 Not Include
1 488 628 0101 074 819.697
+4r8
—4-5
+0-7
+3-1
i
i
415.880
442.15*
634 8*7
008,689
075 40.'
1, 131.012
1, 175 6««
894 416
387.80C
270.000
300.00C
1898.
819 893.109
69.437.518
17 664 811
80.078 8«5
4 778.828
8 281 703
1904 154
1,180.337
888099
738 6-8
403 9 X
-4-88
91,836 74101''
464 334
537,684
607.900
402,918
823 7B0
886.898
285.616
184,103
246.00<
828.745
130 00
Joseph
Des Moines
Davenport.
Sioux City.
Topeka
Wlohlta
Fremont.
Colorado Springs..
Tot. other West.
Galveston
Houston
Savannah
Hlohmond
Memphis
Outside N. York.
1.800.684
1611.380
958.488
818.084
883.190
879 686
314831
6-3
+8-d
+36-8
+82-0
+0-04
+40*4
+10*8
465 889
446.882
878.104
891.600
816.852
857.778
898,032
288.788
163.642
419.016
886 900
260 873
888 988
818 078
838,023
al.
23 801 971
3 876 947
19 838 281
2.072 080
2.209.491
2,167.600
1,619.630
1.223,678
1.5*1,648
1.205.238
491.936
196 091900 888
66 J5 787
1,631,321
1.465,191
2.035,772
781 602
1.498.006
Jacksonville
Total Southern..
Total all
8,044696
+16*7
+87*e
+37*2
Nashville
Norfolk
Chattanooga
112 854.748
18 174 850
6.660.408
8 099 461
6.724 804
8,926 500
+2-8
+75-8
8,131830
Rook
183.633,028
16,668,300
8 690.404
10,828 553
5 818.803
6.272.000
2.937,8*3
2,480.474
2,228 816
1,241.646
1.139 491
881,910
2 283.581
Atlanta
Knoxvllle
fort Worth
133.0*0,105
28 158 ?80!
4.995 688
8.402 96
8.620 167
Augusta
188,441,468
4,015.800
8.867,116
41 801 860
11,496 583
8 442 408
4 793.600
741P.132
Louis
Orleans
Louisville
696,148
28 704.789
8.877.166'
2.646.804)
8,218 803;
1.882, 118
1,205,919
686,2501
1
864,011
176 6471
18894.494
13.689 093
Paul
£-09.237
631,848
161.644.919
18.684.921
Denver
588 083
869 349
870 000
'
+14-4
+12-6
+74-1
+22-2
+8*6
+81*0
+S8-8
-8-i
+83-9
+6-8
-0-5
-4*4
+86*6
+14*9
—10*4
+12*9
—7-3
-4
1
870 690
198 631.139
16 846 061
7.300.000
6.603 300
4.873 160
6,164 338
1.698 089
Omaha
1,126.828
+"'8
Kansas City
St.
1 81<9.181
-0-1
+15-H
+20-7
+17*2
+21*1
Not Include J In tot
Minneapolis
7,047 920
6.863 481
4.489.606
4,027.954
1.451,193
1,183,580
1.623637
871,346
468.480
lia.iou
811.132
69.858 863
37.668 700
14 088 941
7,787 860
4.890.000
7.721.116
7.035,618
8.461.768
4.376.858
8 914 864'
1,463 624
1.619.769
2,288 7491
686,659
1,466 278
96l,3rt0
926 000
841,000
890.460
475 961
801 9*4
1,081,000
009.428
400.H83
1891,634
8 335 237
+12*9
+11-0
-7*4
+88-8
+47-0
+13-3
1,410882
1,468.968
1.120,744
723.016
698.889
169.167
1.003.187
86.69 7,0*4
39 683.709
17,738.658
14,175 457
7.130,476
6 674,838
8,971 898
8.880 437
1.644.843
981.319
1,839 044
14,686 901
12 117 236
+24-1
0-8 680
+5-0
487.66
178,831
600 328
883.116
118 788
+1-3
+20-7
—4-6
+2*8
+8*6
+38-0
+17*0
+4-8
+8*8,
900 588
806,876
42*600
107,741
8.261.681
6.315 250
8,687.868
2,719 801
1,116 036
776.979
1,111,480
<!
+7V9
+11*0
+8-8
008
61 791.160
+11*3
-18*8
+9*1
+9*8
-8*9
-88-8
—1-4
—17*8
+7*1
+4*9
-8*0
85.9*1 961
9116 262
8.758 779
4,458 46U
31.878.170
7,689 664
7,646.068
4.868.830
6.118 808
4 010.169
2 411 658
—10*9:
+16-1;
10I0 93W
1,132.094
671 644
873 lis
6^639
669 447
T65 176
478 400
653.000
304 9*0
888 087
231 87u
388 430
858 130
67.1444
4.688.701
8 830 884
8 191 178
8,979.761
8,310 018
1,460 234
1,888 730
+8*3
+8*81
-80-7
+83*0'
+18-7
i63 009
1,773,887
1,103 676
2,
1
069 960
019.000
401850
888 038
09 881.264
99,915 081
.099.161,868 1.601 902 531
_+•*£<*>
-0*03
+80*8
,883 664 68
770,617 845
676.031,988
+14*1
667 688 143
301 351.608
20 450 105
965(81
8 213 470
083
847
1
15.009,740
10,996 826
8 072 4>>7J
1,468 298
+88*3
-9-4
+68*1
18.440 601
10 998 030
8,015. S01
1,698.846
14.8*0 050
8,442.067
884 "23
709 741
568 894
62 9J9.W67
78&0O477
1.081. 248.771
OAK ADA—
Montreal
Toronto
Winnipeg
Halifax
Hamilton.
,
John
Vlotorta
Vanoouver
Quebeo
980 162 381
818,898,
884 415'
87.748.627
St.
in tot al.
In tot al.
1,804667
48.848,137
Little
P. Oent.
$
+48-<> 1.165 908 485
926.830,651
82.866.172
+158
88 819,738
6 619,100
8,167,167
2.460 847
2,828 909
1.219,7311
+84-.8
+1S-P1
108.270.999
6.888.600
8 671 468
1,624 487
1.634 048
1.789.916
195489,469,
260 570
Total Paotflc,
6,78:4,4 14
119.483.192
7.458.000
8.461,216
1,879 697
1,600 8^2
1,634.124
+18-1
+80*8
+9*8
+12'1
828.631,787
4H8691
Birmingham
Maoon
18.
,
688.2,84
,
New
figures for the pre-
,
1,448.868
1.888 879
Kargo
Sioux Palls
St.
We present below our usual detailed
,
13.712,826
13,686,951
6.968,418
6,676.000
4 821.311
2 864 783
8,166.888
1.800 190
1,297,693
782,7 09
521,851
638,791
481.838
678,400
897,798
818,474
865,318
890.586
184,274
245.104
812.652
144.095
78 681
8.85t.8U
4 410.934
St.
full details for
Clearings at
San Franolsoo.
Salt Lake City.
Portland
Sever, cities. 6 days
cities, 6 days
133 684.028'
15344,2001
7.875 841
11 198 511
....
Springfield, Ohio..
Other
168 788 929
17.sf68.050
Akron
Kalamasoo
CLEARING HOUSE RETURNS.
l'om
Boston.
Philadelphia
Baltimore
Chicago
St.Lonls
New Orleans
184,676,902!
Cincinnati
Detroit
Cleveland
The following table, made up by telegraph, etc., indicates Canton
111...
that the total bank clearings of all the clearing houses of Jacksonville,
Qulncy
the United States for the week ending to-day, Oct. 19, Bloomlngton
Jackson
have been $2,133,718,214, against $2,092,161,868 last week and Ann Arbor
Tot. Mid. Woit'n
$1,720,100,274 the corresponding week last year.
New
163,151,898
Holvoke
Kvansvllle
Pine Street, Corner of Pearl Street,
Post Office Box 958.
OUaringt— Utturn* by Telegraph.
Week Undine October 19
638,28"
868,662
New Bedford
1898.
Cent,
+81*7|
1,488.806
1,404 881:
1.879,0051
620 8481
Columbus....
Messrs. Edwakds & Smith, 1 Drapers' Gardens, E. C, will take subscriptions and advertisements, and supply single copies of the paper
at Is. each.
;
118 566 153
0,151500
2.306 626
1.249 168
956.451
688.672]
644.612
310.089
Milwaukee
London Agents:
WILLIAHI
New Haven
Springfield
Total
Six Months
144,300,85"
6,959.700
8,0'4,519
1,630.6 8
1.674,626
1.784,871
1.4*5.148
964,589
189H.
1901.
,
Boston
Providence
Hartford
Advertising—(Per Inch Space.)
ol
190(i.
Total Canada....
,
,
fc60
186
820 713
666 484
1,804 803
1.030,188
88 836.687
908 8881
803.6T8
654. >8J
1.113 147
Not Include d
88 038 64*
14-0
+—3-3
+8*8
6769:8
74i686
&
1
987 014
1,101 988
042,088
000,000
86.80-i.887
S8 3*7.740
1
In tot al
+17-6
1
THE CHKON1CLE.
810
[Vol. LXXIII.
sidered
THE INVESTORS' SUPPLEMENT.
The
mi.-n
\
quarterly
number
issued to-day,
is
of our Investors'
and
The SUPPLEMENT
scribers.
on the following
is
sent to
all
Suppleour sub-
contains editorial articles
a very satisfactory outcome a few years ago.
Moreover, the imports of gold in September reached
the considerable sum of $11,642,070 (of which $5,024,825 were through San Francisco), while the exports
were only $162,912, making the net gold imports in
September $11,479,158.
topics.
USE OF CRUDE OIL IN LOCOMOTIVES.
SAFETY TO EMPLOYES.
INCREASED TRAFFIC AND IMPROVED APPLIANCES.
AERIAL NAVIGATION.
TECHNICAL MEN IN THE BUSINESS WORLD.
Our Stock Exchange market has continued to move
along thesame lines and displayed the same characterdid last week.
There has been a lack of confidence in industrials, as a rule, which in turn has im-
istics it
parted a degree of distrust respecting
speculative
movements
THE FINANCIAL SITUATION.
Among
the events of the week a leading place
should be given to the meeting of the annual conven-
American Bankers' Association, which
was held at Milwaukee. What an important and growing factor in our industrial make-up
this association represents was very graphically shown
in the report presented by the Secretary, James
R. Branch of New York.
He stated that on
September 1 1900 the paying membership was
4,391 and the annual dues were $59,700; on September 1 1901 the corresponding membership was
5,504 and the annual dues $60,850; at the latter date
the combined capital, surplus and undivided profits
(not including capital and deposits of 551 members
who are private bankers and make no reports) aggregated $1,718,727,441 and combined deposits $6,288,The gathering this year was large, embrac955,200.
ing prominent members of the Association from every
State, and the proceedings proved more than usually
interesting because of the notable addresses made.
Mr. J. W. p. Lombard, President of the Bankers'
Club of the beautiful and thriving city of Milwaukee,
gracefully and warmly welcomed the delegates on behalf of the local bankers.
We need give no further
tion of the
this year
particulars
to-day regarding the convention, as we
the proceedings and speeches in full
shall print all
in our
Bankers' & Trust Supplement, which we
Bhall issue next week.
One of the interesting financial movements for some
time conspicuous and at no time more so than during
the past week has been the fluctuations in tone and
rates for actual business of our foreign exchange market.
"We are now at the beginning of the period of
largest exports; consequently
expectation drawn
from experience leads the public to anticipate a low
rate with a downward tendency.
Instead of that, the
market seems just now to have a firm undertone, with
rates well maintained.
A short time ago the tendency
was downward and gold imports were in progress.
Such
variations
would
erable derangement of
seem to indicate a considthe
market.
A
concurrent
week has been firmer discount rates reported by cable in London and on the Continent. Another circumstance, more remote in its influence, was
fact this
the foreign
trade statement for September, issued
It seems that the merchandise exports,
in railroad Btocks, though the latter have
developed a quick rebound from every decline with
quite an active demand for the best investment
properties.
Numerous rumors
respecting important
Northwestern properties have been afloat ; these
have related mainly to change of relations between the Great Northern, the Northern Pacific and
Burlington & Quincy, and have been a subject of
A
discussion for weeks.
sale
on Thursday of 20,420
and on Friday of
shares of Northern Pacific preferred
39,887 more (the only considerable sales of that stock
since the corner) have given renewed life to the reports
regarding the properties mentioned. It is quite possible that the change of ownership of so extensive
an amount of shares has no special significance. And
yet it may be that it indicates a further and wider
adjustment of the difficulties which were assumed to
have been fully settled several months ago. At the
same time, as the company has the right for fifteen
years on any first of January to retire the preferred
stock at par, the sales this week do not on their face
appear to advance any permanent agreement.
In his address
last
week before the
Street Eailway
Association, Col. T. S. Williams of the Brooklyn Rapid
Transit
Co. dealt interestingly with the subject of
accounts and the proper methods of treatthem.
ing
We are not sure that we should
accept all
of
Mr. Williams's suggestions, but
with the object in view, namely the restriction
of charges to capital account so as to prevent the
payment of unearned or unwise dividends, and also to
prevent loss to the investor, we are of course heartily
in accord.
And it is very gratifying to find such a
high official of one of the leading street railway
properties in the United States taking pronounced
stand in favor of honest and sound methods.
Col. Williams pointed out that the Street Railway Association had rendered great service to the cause
of clean bookkeeping in its
efforts for the establishment of a uniform classification of accounts.
He urged that its further concern should be
that such classification where used should always state the full facts, and that neither the
desire of stockholders, the ambitions of railroad
officers nor the demands of speculation should induce
the withholding of the truth.
He admits that
the most
accurate accounting
will
not
premistakes in corporate financing or manvent
capital
,
— that
Wednesday.
though large (that is, $106,895,274), were $9,006,448
less than in the same month in 1900, while the imports
tives
were $67,300,405, or $7,731,805 larger than in September 1900. That shows a net favorable balance
$16,738,253 less than the same month a year ago, and
yet, notwithstanding that decrease, the excess of exports was $39,594,869, which would have been con-
quirements of publicity ought to encourage conservative methods, and official reports ought to be so full,
clear and honest that the stockholders and the public
cannot be easily misled in their estimation of the
value of a company's securities.
agement
will
errors
always
corporate moneys.
of
judgment
or
bad
make possible the misuse
But he well says that the
moof
re-
0«TOBER
THE (HRONICLE.
19, 1901. J
Col. Williams
shows entire familiarity with
his sub-
ject when he argues that it is not the original capitalization or charge for construction that needs most
The original
but the yearly additions.
generally
appraised
are
nominal assets of a corporation
in public estimation at their actual value, even
though that actual value may be much below the
attention,
811
influence, creating disturbance
at
all
European
the
centres.
Last week's statement of the New York Associated
B inks was somewhat unexpectedly favorable, showing an increase of $1,707,100 cash. The feature of
the return which attracted the most attention was
It had been expected that because of
the loan item.
nominal value of the securities outstanding. But after the large payments during the week of municipal
the original capital issuo3 are made and the construc- taxes, there would be a correspondingly large liquidation or investment accounts have taken shape, the
tion in the New York City revenue bonds, which are
investing public
tions
thereto.
is
often strangely indifferent to addi-
Mr. Williams states that he
is
not
issued early in the year in anticipation
of
collections
and are held by the local banks and also by
savings banks and trust companies. It would appear,
most
laws for the accomplishment of the
of
however, that nearly all the money released through
bu; he nevertheless argues
substantial reforms,
the liquidation of these bonds must have been rein favor of extending the authority of State Railroad
loaned, for the bank statement showed a decrease in
Commissioners in exercising supervision over corporate the items of loans of but $2,657 500. Deposits deaffairs.
For ourselves we do not believe such a creased $564,200. The increase in surplus n serve
We think Col. Williams has was $1,923,150, carrying this item to $17,483,175.
step would be wise.
the
right
idea when he says in another part
the
most thorough and
that
of
his
paper
Payments for unmatured bonds at the New York
wholesome reform springs from within and accom Snb-Treasury this week amounted to $1, 169, 000.
one of
those
who
believe
much
in
of taxes,
the efficacy
We
should place This includes about $600,003 of bonds which were acmain reliance in this element.
To use Col. cepted by the Secretary of the Treasury on Ojtober 2
language, "a wholesomo
public to fill the quota of $20,000,000, proposals for which
Williams's own
sentiment will eventually cure in a natural way were asked for under the order of September 10. The
most of the evils from which we may now suffer.
total payments for bonds at New York since April 2
There is also much wisdom in his statement that in have been $42,403,156 61. The steamship Sonoma
panies the evolution of conscience.
the reflection of that sentiment and the correction of
the evils under discussion there can be no more effective
from Australia on Tuesday
with $2,500,000 gold, and on Thursday there was an
arrived at San Francisco
instrument than the earnest effort of those who arrival of $1,500,000 gold bullion at Seattle, Wash.,
keeping the accounts of corporate from Nome. These amounts of gold will be trans-
are engaged in
transactions.
ferred to this city through Assay Office checks during
the coming week.
There was no change in the official rates of discount
by any of the European banks this week. The open
market discount rates at London, at Paris and at
Berlin were, however, higher in consequence of tension resulting from speculative influences at the
French capital and from industrial depression in Germany. The Bourse at Paris, it may be noted, has
been excited this week by a sharp decline in copper
stocks, influenced in great part by the fall in Amalgamated Copper in the New York market and also by
Money on
call,
representing bankers' balances, has
loaned at'the Stock Exchange this week at 4 per cent
and at 3]per cent, averaging 3£ per cent.
On Monday,
Tuesday and Wednesday loans were made
at 3+
per cent and at 3 per cent, with the bulk of the business at 3| per cent.
On Thursday
large
amounts
were loaned during the morning at 3 per cent by
prominent bankers, but in the afternoon the rate advanced to 4 per cent; the majority of the transactions
reports of large overproduction of this metal.
The for the day were at 3| per cent. On Friday loans
decline in copper stocks in Paris saems to have in- were at 3| per cent and at 3 per cent, with the bulk
duced free selling of other securities in that market of the business at 3£ per cent. Banks and trust com-
,
resulting
in
quite
general depression, and this has
affected the Pari3 discount rate.
panies have loaned at 3^ per cent as the
offered
contracts
liberally
are
At the same time Time
minimum.
by
large
there were liberal siles of sterling exchange on London,
local
institutions, and
some money is sought
caused a fall in these bills to 25 francs to be placed here by banks in neighboring cit10£ centimes on Wednesday. This decline in sterling ies
and not
light
the demand, however, is
at Paris seemed to threaten gold exports from London much'business is|reported.
Rates are 4£ per cent on
to Paris, and as Berlin was already drawing gold from good mixed*Stock* Exchange collateral for all periods,
the British capital, a resort was had in London to an from sixty days to six months, and some money is ofadvance in the price of bar gold to 77s llfL p'
fered at 4^ per cent on high grade security for the
ounce and of American Eagles to 76s 6|d. per ounce, same dates. The quotation for loans on all industrials
in order to protect the stock of gold in the London is 5 per cent for sixty days to six months.
The offera
market. The unsettled conditions at PariB appeared ings of commerciaLpaper are not abundant, the reason
to be reflected in Germany, where there haa for some assigned being that mercantile collections are untime existed severe industrial depression, and quite usually good, and hence very little new paper is made.
naturally open market dissount rates in Berlin rose. The demand is fair and sufficient to absorb the supply,
The disturbances at Paris and in Germany have had thus preventing accumulations; the business is dis-
which
;
a direct influence upon open market discounts in
London, causing a rise in the unofficial rate at that
banks and those at the East,
chiefly Boston.
Rates are 4.i@4 per cent for sixty
centre.
Thus it would seem that the unsettling de- to ninety day endorsed bills receivable, 4£@5 per cent
cline in Amalgamated Copper stocks in New York, for prime and
5@5£ per cent for good four to six
accompanied by disquieting rumors regarding the months single names.
statistical position of copper, has had a far-reaching
tributed
among
local
:
;
THE CHRONICLE.
812
[Vol. LXX1II.
WED.. THUK., FBI..
TCTEB.,
.MUX.,
Kill.,
England minimum rate of discount
Jet. h
Oct. 17
Oct. 8.
Oct 14. Oct. 19.
Oct. 11
remains unchanged at 3 per cent. The cable reports
~84*
H4*
(60 dart
4 84*
~84H
Brown Bros
87
IF 87
87
(Sight...
4H7
discounts of sixty to ninety-day bank bills in London Baring,
'6
89
80
18
89
(W)daji 489
-7
87
87
87
b7
Mmioon * Co.. Bight... 4 87
2£@2f per cent. The open market rate at Paris is 2$ Siink
British
84*
84*
(60 dart
4 84*
84*
-«*
87
87
No. A m er lot..
aw*
Bight...
487
per cent and at Berlin and Frankfort it is 3£ per
*-.
fc4*
84*
Bank of
84*
(60 days
4 84*
84*
80*
80*
80*
Montreal.
(Bight...
4 80*
80*
According to our special cable from London
cent.
84*
'anadlan Bank
00 dart
84*
84*
84*
484«
-0*
80*
of Oommeroe.. Bight...
80*
4 88*
80*
the Bank of England lost £196,176 bullion during the
-4*
Ueldelbaoh. lok 00 dart
84*
84*
4 84*
84*
week and held £37,177,129 at the close of the week.
alhelroer k Co. Bight..
87
87
^7
4 87
hi
4X4*
dart
84*
84*
84*
84*
MM
Our correspondent further advises us that the loss was Liaxard Kreret. (00
87
Bight.,..
4b7
87
87
87
Bk. (00 dart
4 84*
84*
84*
84*
84*
84*
due to exports of £459,000 (of which £235,000 were tferoh&nti'
"0*
of Canada
(Sight
(Hit*
to Egypt, £180,000 to Germany, £39,000 to South
The market closed at 4 S3f@4 S3£ for long, 4 e5&@
America and £5,000 to Rou mania) and to receipts of 4 86 for short and 4 86£@4 86£ for cables.
Com£263,000 net from the interior of Great Britain.
mercial on banks 4 83£@4
and documents for pay-
The Bank
of
i
1
}
J
J
1
I
,
i
1
.
.
.
83f
4 824@4 83£. Cotton for payment 4 82$@4 82},
The foreign exchange market has had a firm under- cotton for acceptance 4
83£@4 83f and grain for
tone thia week atd fluctuations have been within a
payment 4 83J@4 83£.
narrow range. On Saturday of last week there were
ment
some offerings of commercial bills, the delivery of
The following gives the week's movements of
of
which had been contracted for, and in the absence
money to and from the interior by New York banks.
demand the market was easy. On Monday cotton
Rectivtd bv
Bhivvd
Net Interior
>Vt4k UruMnt October 18, 1001.
bills came forward in some volume, but they were
Movement.
T. Bank: N. T. Banks.
promptly absorbed and the market closed steady to Oorrenor41,100.000
Lost. IS, 81 5.000
10 506.000
281,000
Sold
060,000
917,000
Loss.
Thursday,
firm.
There was no Bpecial feature until
1
t>v
\li.
when another supply
of
cotton
bills
Total gold and legal tendert
appeared, which
Week Bnain§ October
and also
market
quite bare of bills; hence the firm undertone. Bankers who make a specialty of handling commercial
drafts have observed this week that a fresh supply of
cotton bills promptly follows remittances of currency hence to the South, indicating that some of
the planters who have been holdiDg back their pro.
duct are disposed to sell whenever they receive an
offering of cash.
Most of the bills which have come
forward, however, represent cotton which was sold
earlier in the season for October delivery, and it is re
Total gold and legal tender*-
The following
in
demand
offerings
of
cotton
Out Of
Set Change \n
Bank*.
Bank HoUUnte.
14826.000
20.100,000
17.462 000
20.200.000
Loss. 88,026,000
200,000
Gain.
125.2*0 000
|27.66»,'0O
Lobs. 82.426.0C0
amount
of bullion
October
17, 1801.
18. 1909.
o)
Gold.
Silvtr.
%
angland
rranoe
Total.
eola.
1
X
anssla
A.ns.-Hung'y.
3 pain
Italy
Silver.
total.
1
87,177,139
94.080,880 48,810,477 137,891,303
26.463.000 18,032.000 40,091,000
173.491
83,473.491
28C.938 44,886,517 189.947.153
893,000 12,823,000 87,710,000
06.383.000
87,177.189
Germany
9.916,000
72,898,000
,230.000
0,412000
77,048,000
16,038,000 10,888.000
99.800,000
803,000
9,770.000
47.639.000
11,009,000 10,895,000
19,945.000 1,908.800
30.900.000
689.000 16.069,000
80.3fi3.000
17,918,900
,412.000
1.074,000
17.080.000
Netherlands..
9,759,800
9,690. 9C0
11.492,800
,870.000
6.6OU.0OO
10,370,000
int. Belg'm
8.010,007
1,620.838
1,901,000
,701.000
1,381,000
4,112,000
.
1'ot.tbis week 307.880,982 100272810 408.168.198 895, 472.127 98,901,917 394,873.914
Tot. orev. w'k 310.308.661 101418869 111.787.488 297 806 497lon.86M08J897.248 800
A FOREIGN CRITIC ON THE FINANCIAL
SITUATION.
for
increased, the
as
Into
table indicates the
October
exchange are 4 84£ to 4 85 for
sixty- day and 4 86£ to 4 87 for sight.
On Saturday of
last week some offerings of exchange were made at
declines of one-quarter of a cent all around, compared
with rates at the close on Friday, and the tone was
easy.
This, however, as above noted, was chiefly due
to the absence of demand.
Quotations on that day
were 4 83J@4 84 for lor g, 4 85f@4 86 for short and
4 86f @4 86£ for cables. The market was easy, and it
so continued on Monday until the afternoon, when
the
is
the principal European banks.
H«nk
ported that there will be a fairly liberal supply of such
bills within the next fortnight. The Assay Office paid
$729,072 12 for domestic bullion. Receipts of gold
at the Custom House for the week, $44,590. Nom-
It has perhaps not been sufficiently recognized by
our own public to what extent the recent movement
of expanding prosperity and financial activity has
been common to all the world. Eyes of American
observers have been turned primarily to the tremen-
bills
were absorbed, and the market closed generally firm at
an advance of one eighth of a cent all around, in rates
for actual business, to 4 83i@4 84 for long, 4 85J@
4 86 for short and 4 86^@4 86f for cables. On Tuesday the tone was slightly easier at a decline of oneeighth of a cent for long and for cables, to 4 83|@
4 83£ for the former and 4 86f@4 86£ for the latter,
while sight remained unchanged at 4 85|@4 86. The
market was steady thereafter without alteration in
rates, though on Thursday there was another supply
of commercial bills.
The tone was steady on Friday.
The following shows daily posted rates for exchange
by some of the leading drawers.
result
Bank*.
18, 194)1.
Banks Interior movement, as above
for bankers' sterling for remittance
rates
Lost. 12.626.000
follows.
to cover maturing contracts, which keeps the
inal
17,462. 000
With the Sub-Treasury operations the
was also promptly taken, leaving the market steady.
The derangements in the European discount markets
above noted seem to have but slightly affected Continental exchange, and the tone has been firm at practically unaltered quotations. There continues to be a good
demand
'4 820.000
dous forward movement in this country, and to the
causes which immediately underlay it. This was the
more natural from the fact that, in very considerable
measure, our own prosperity seemed to have been attained at the expense of Europe.
In popular discussion, stress has been chiefly laid on two undisputed
first, that our exports of agricultural products
facts
to enormous volume and exceptional values,
risen
have
chiefly because of crop deficiencies in Europe; and
second, that our sudden increase of manufactured exports resulted from America's invasion of Europe's
own preserves. This seemed to mark out our own
position as peculiar.
The fact, too, that our own
movement of financial exaltation started later than
Europe's and culminated later that European markets had, indeed, reached the point of actual distress
when our own were at their apogee was accepted
argely as a proof that America's experience had com-
—
,
—
—
'
October
pletely
1HE CHRONICLE
19, 1901.]
differed
from that
of
the general outside
prices,
Labor
813
while quantities exported have actually been reduced.
paid a higher price, but it is no longer In the
is still
name active demand. Industrial quarrels re appear, wages
have a tendency to go lower, and strikes have been numerous,
with
the
decade's
People familiar in a broader way
notably in France. In coal mining, and in such metal trades
It as those of copper and leather, no si^n of weakness was disfinancial history know that this is a narrow view.
has been difficult, however, even for those best con- cerned in 1900; but the iron trade has plainly begun a contracting movement, not in special products such as manuversant with the situation to define its exact nature factures for war purpose*, for ship building or for r.iilway
world.
This task has been performed in a vol- supplies, but in material for current uses like tho^e of merchantable steel and building material. Their advance was
ume now at hand, the tenth number of M. Raffalo- bound to check the progress of consumption, the markets
vich's annual Paris publication, the "March6 Finan- have decidedly weakened, products diminished, and from
this has resulted a sharp recoil in the coal industry itself.
The discussion of the matter by this well Probably the price of fuel will not be long in falling back
cier."*
and
origin.
known
is
financial critic, in the
so clear
volume
and comprehensive that
it
for
1900-1901,
has seemed to us
towards
The
former prices."
application by the English and
its
German
public
exchequers for American subscriptions to their loans
to call for special review.
Taking the financial world as a whole, M. Raffalo- are recognized by M. Raffalovich as a normal convich marks out the general epoch of trade expansion st quence of the peculiar mutual position as between
He does not approve the
and increasing prosperity as comprised in the period Europe and America.
Hicks-Beach,
chiefly because, in
Michael
The period of contraction and action of Sir
1896 1899 inclusive.
reaction which preceded it he assigns to the years his opinion, the London applicants were not fairly
1891-1895.
This division of time should be noticed treated; but he endorses fully the somewhat similar
shows that, in M. Raffalovich's judgment, the downward movement began earlier in Europe than in the United States ; whence it may be
considered reasonable that it should have ended in
Europe earlier, as it did, and that the subsequent upward movement should also have culminated on
foreign markets while it was still in active progress here.
This is M. Ruffalovich's description of the
carefully.
It
periods in question.
"The ten years between 1891 and 1901 divide themselves into
two periods nearly eqnal in extent, which from the financial
point of view present aspects different, and in a large degree
opposite.
The first period begins on the morrow of the
Argentine crisis, of the crisis in countries of fi actuating
exchange, followed by the Australian bank failures and the
frightful shock which ocsurred in 1893 in the United States
as a result of the fear of the passage of a free-silver coinage
measure and the consequent uncertainty over continued gold
payments. That epoch was a period of recoil, of liquidation,
of speculative dulness and of abundance of idle capital, from
which governments and the great corporations largely profThis period rep
ited in converting their fixed obligations.
resents the triumph of securities with fixed revenues. It
reached its apogee in 1895-96.
We then entered on the second period. Its characteristic
German Finance Ministry.
"The payment for the American subscription," he says,
were not made outright in gold but In drafts on other foreign
action of the
markets, notably bills ou London, which represented gold.
By selling part of these drafts the Reichsbank was enabled to
depress exchange. The transaction brought to a head by
Baron Thielmann at New York did its part in easing the
German money market. In the Reichstag a highly interesting discussion at once took place on this foreign loan, in the
course of which the Agrarian party maintained that the
operation was little short of treason. It was defended, however, with powerful arguments. No nation need fear to sell
its securities in the most advantageous market, and there
have been times in the experience of each when resort was
had to foreign catrital. One point, however, which the future
will develop is whether the present financial rating of the
United States is correct, and, in the same connection, whether
the German securities held in America will not, little by
little, return to Germany."
M. Raffalovich does not in all respects endorse the
common belief in the impregnable supremacy of the
United States in international trade. In his view the
immense prosperity of this country had its origin partly
in the
extensive increase of the circulating
medium
through the national bank note issues; partly through
the immense increase of export trade. These are not
was a revival of industrial activity. New outlets of capital
opened in Europe, Africa, Asia and America. A whole new influences which usually come in vie w concurrently; for
industrial outfit had to be created in the younger countries
and the colonies; electricity came upon the scene as a power
which requires and absorbs in fixed investments hundreds of
millions; railways, tramways, railway material, notably the
substitution of heavier for lighter rails; additions or alterations in military or naval materials; rapid expansion of new
industries, such as the bicycle and the automobile, joined in
the demand for capital. It is this sort of movement which
has called forth into the greatest activity the trade in raw
materials, fuel, minerals and labor."
the reason that in so far as increase in circulating
medium
should, in a given case, act as a stimulus to
would by that very price enhancement handicap competitive export trade. We mention this fact because M. Raffalovich clearly has it in mind in discussing
the present American export trade. He explains the
concurrence of the two phenomena as follows.
"This great export movement really originated in the very
prices, it
This second and brilliant period really came to its
and severe industrial crisis which reached its
end in 1899. M. Raffalovich does not, however, share prolonged
climax in 1893. Prices of American products fell very low
the view of some critics that, because the world's and remained low for years. This depreciation stimulated
markets have sustained reaction from their recent exports, while in another direction it urged producers to
improve their methods of sale and production.
The terrible
exalted level, therefore continued and disastrous re- experiences of the railways left them at the end of the period
financially and capable of handling traffic more
coil must be inevitable.
On this very point he re- reorganized
economically; this, too, was a factor in the increased exports.
marks:
The United States benefited notably by the active European
"The year 1900 seems to us in a way a year of transition be- demand for steel and iron, which in turn was partly a consetween the period of prosperity, which had lasted since 1896, quence of the Government purchases for armaments. Finally,
America's great harvests of the last few years found ready
and the less brilliant years which very possibly may follow
a year of transition between the low level for Government markets abroad."
funds and high-grade investments and their return to a betM. Raffalovich cautions his readers against assuming
ter general rating.
The causes whioh had led to the awktoo
much from the circumstances recited. He gives
ward situation on the money markets have not disappeared,
but their influence has plainly diminished, and if that is so, his opinion that the place of the United States among
that alone is much."
the financial powers is not yet definitely fixed and
In 1900, however, the presence of signs of partial will not be until
the whole question is tested under
weakness are plainly recognized. They are thus more normal conditions than those of the past five
analyzed.
years.
He also expresses great doubt over the notion,
"The decrease in Clearing House exchanges at London by
popular in some quarters, that the financial decafive or six milliards of francs below 1899 is one instance. Net
railway receipts have decreased from the advance of fuel and dence of London has begun.
The value of all such
in most of the working materials; external currency has incriticism lies in its eminent conservatism a quality
creased its aggregate, but only by the rise in merchandise
always needed and often missed in discussions from
* Le MarcHe Financier en 1900-1901, par Arthur
Raffalovich:
Paris, 1901.
domestic sources.
—
THE CHRONICLE.
814
The Reading's own
THE READING COMPANY REP0R1.
The annual
report of the Heading
CompaDy makes
One cannot judge of the
the document from the face of the
States
favorable nature of
effect.
It
is
necessary to trace the results
back and see how they were reached in order to get a
proper idea of what they represent. Taking the
three companies together (that is, the Reading Company, the Philadelphia & Reading Railway Company
and the Philadelphia & Reading Coal & Iron Com
pany), there is a balance of earnings above charges
for the twelve
months
in the
sum
of
$2,663,087, as
against a similar balance of only $1,938,001 for the
past experience
proof of the
correctness of the assertion. Entirely apart from that,
however, the whole railroad history of the United
an encouraging showing.
returns alone.
|Vol. LXXIII.
replete
is
with
is
illustrations
to
the
same
Another gratifying feature in the progress of this
is the large growth in traffic and revenues
which has been established within a comparatively
short space of time, and the further fact that business has been developed, not merely in one direcproperty
tion,
but in
ment and
the coal
all
in
traffic.
directions
— in
the passenger depart-
the merchandise
As
traffic,
as well as
in
is no longer so
upon the anthracite tonnage as
a result the road
exclusively dependent
twelve months preceding. This improvement seems in the quite recent past. We have referred to this
particularly gratifying considering the heavy losses change on previous occasions, but it becomes more
incurred last autumn during the period of the strike noticeable and more pronounced with each succeedin the anthracite coal regions.
The important
remember, however, is that
the excess of income referred to remains after very
liberal outlays for improvements, betterments and
renewals.
Thus
fact to
&
in the case of the Coal
Iron Com-
pany there was (1) an appropriation of $806,308 for
new work at the collieries; (2) an allowance of
$413,053 (5 cents a ton on coal mined) for depletion
of lands; besides this there was in the case of the
Railway Company (3) an appropriation of $650,508
for equipment renewals and a further appropriation
$1,938,989 for improvements this latter
(4) of
being for additional real estate and for 53*40
The whole of
miles of new track, sidings, etc.
aggregating
items,
waB
these
four
$3,808,858,
deducted before arriving at the balance of $2,663,087 above expenses and charges. Of course in
—
making these deductions the company
is
only con-
tinuing the policy which has been [pursued since the
reorganization and
property
(albeit the amount of each of the four items the late
year was larger than for the year preceding), but the
rehabilitation
of
the
fact of the deductions should not, therefore, be lost
sight of.
The truth
is
the Reading properties
now
are not only skilfully but very prudently administered.
That
this
is
the case
is
shown not alone
in the liberal
ing year. The Railway Company earned in the late
twelve months gross of $28,344,170; in 1899 00 the
amount was only $26,902,987, in 1898-99 but $23,002,588, in 1897-98 no more than $21,986,834 and in
1896-97 only $20,746,864.
Comparing now the different items of traffic, we find that passenger revenues in
1900-01 were $4,561,393, against but $3,763,890 in
1896-97.
The earnings from the merchandise traffic
were less than 6| million dollars ($6,455,030) in the
earlier year; for the late year they were over ten
million dollars ($10,079,427).
The revenue from the
coal traffic grew in the same Interval from $9,535,677
to $12,391,307, confirming our remark that there has
been expansion all around.
The true significance of this gain in the coal earnings will not appear unless it is remembered that these
earnings cover both anthracite tonnage and bituminous tonnage, and that the growth has been in the latIn the late year the
ter rather than in the former.
anthracite tonnage was slightly less than in the year
preceding, the comparison being 10,523,891 tons,
against 10,672,556 tons; in the year ending November
30 1894 (the fiscal year having previously ended with
November) the road had carried 10,640,356 tons. On
the other hand, in the case of the bituminous tonnage
there was a further large addition the late year, bring-
outlays here disclosed, but also in the company's pol-
ing
icy regarding the distribution of the yearly surpluses.
pares with only 1,690,228 tons for the twelve
it
up
to 5,018,491 tons, at
which figure
—
The management
commonths
it
are inclined to proceed very cau- ending November 30 1894 less than seven years ago.
matter
of disposing of these surpluses.
tiously in the
Great efforts have been made to develop this bitumOut of the $2,663,087 balance of income for the late inous tonnage, and the figures given show with what
year, $366,371 (representing 5 cents per ton on coal a large measure of success these efforts have been
mined during the preceding year) was contributed to the crowned. The merchandise traffic in the late year
general mortgage sinking fund this being in addition was 14,535,083 tons, against 14,192,919 tons in the
to the $413,053 already deducted for depletion of coal year preceding, 12,750,281 tons in 1898 99 and 8,250,lands and $934,735 was applied in the payment of 404 tons in the twelve months ending November 30
dividends on the 1st preferred stock (1£ per cent in 1894.
September 1900 and 2 per cent in March 1901), leaving
An event of the year of far-reaching importance
a surplus above the dividends paid of $1,361,981. The was, of course, the acquisition of control of the
—
—
company has
since the close of the fiscal year paid another semi-annual dividend of 2 per cent, and had the
New
This property is a
desirable acquisition from more than one standpoint.
Central Railroad of
Jersey.
per cent been taken out in the late year (in- The report makes brief reference to the matter, saystead of the 3£ per cent actually paid), the surplus ing that the Jersey Central is not only of enormous
would have been about $185,000 less than the $1,361,- advantage, because of the additional facilities given
981 shown. The report says that although the sur- to the Reading system, but through its acquisition
plus is increasing, it is not now available for distribu- the latter now owns and controls about 63 per cent of
tion without weakening the company.
It is consid- all the unmined anthacite coal in the State of Pennfull 4
It hardly needs to be said that such conered essential to good management, we are told, that sylvania.
income balances should be held for the time being to centrated ownership makes it possible to exercise
fully protect the company from unforeseen business more effective control over the anthracite trade.
contingencies and changes. Every one will admit, we Evidently the Reading is being developed along broad
are sure, that such a policy is wise and commendable. lines.
October
THE CHRONICLE
19, 1901.]
counting for $103,483,
against $96,873 the previous year and only $51,535
renewals for iustance
rail
WISCONSIN CENTRAL REPORT.
The present report
way Company (which
815
of the Wisconsin Central iUil-
the second issued since the
reorganization of the property) contains tributes to
the memory of two directors who died during the
is
in
7,196
1898-9;
rails
were
laid,
new
80-lb.
replacing 6,272
tons
miles
of
and
of
85-lb.
lighter
weight.
That the influences which reduced revenues in the
Mr.
Charles
namely
C.
late twelve months were only temporary is evident
period covered by the report,
Such a matter from the course of earnings since the cIobo of the
Beaman and Mr. George Coppell.
would ordinarily merit little notice, but in this case it fiscal year. Thus far in the new fiscal year that is for
serves as a reminder that the company In the late year the period from July 1 to the end of the second week
gross earnings foot up $1,799,817, against
lost two influential members of its board of directors, of October
and that temporarily its interests suffered by reason $1,630,306 in the corresponding period of 1900, the
Net
of the taking away of men who had been so actively increase being $169,511, or over 10 per cent.
We have often re- earnings have been ascertained as yet for only July
identified with its management.
the reorgani- and August; for these two months they show an imwith
connection
ferred to Mr. Coppell's
zation and the prominent part he subsequently played provement of $74,405, the amount being $419,104,
The road is again carrying inin guiding the company's policy and direoting its against $344,699.
quite
while
bea
management. Mr. Coppell was sick
creased amounts of ore, and the spring-wheat crop
fore his death, and as he was Chairman of the Board of 1901, as is known, has turned out very good, conof Directors and all the directors and officials looked trasting sharply in this respect with the short crop of
up to him and deferred to him, his illness and death last year.
The Wisconsin Central has an unusually strong
served as a serious handicap.
In addition, there were a number of other adverse board of directors, it comprising the names of Wm.
influences, all combining to curtail revenues for the L. Bull, John Crosby Brown, Gerald L Iloyt, James
time being. Every one is familiar with the fact that the C. Colgate, Fred. T. Gates, Edward W. Sheldon,
spring-wheat crop in the territory served by the Wiscon- Francis R. Hart, Iloward Morris and H. F. Whitcomb.
The absolute Messrs. Bull, Brown, Hoyt, Colgate and others have
sin Central was seriously short in 1900.
amount of tonnage in grain and mill products moved just returned from a trip over the road, and it will be
—
—
by the Central is not large (in relation to aggregate
tonnage), but the average haul on such tonnage must
be long, so that it probably constitutes a more important item in revenues than would appear from the
tonnage statistics. Again, a crop failure such as this
was, necessarily means a loss of other items of traffic
gratifying
the security holders to hear that they
to
report that the property has never been in as good
condition
as
at
present.
With the reductions
grades, the road, they think,
in
in better position for
is
economicaroperation than ever before.
by reason of the reduced returns of the farmers. On
RAILROAD
EARNINGS FOR
large systems like the St. Paul or the North West the
AUGUST.
loss can be readily made good by gains in ether direcNot so on a small system
Oar compilations of the gross and net earnings of
tions and in other sections.
Furthermore, the road United States railroads for the month of August
like the Wisconsin Central.
also suffered a loss in its iron ore traffic, which is its make only a less strikingly favorable showing than
Indeed, the report tells us did those for the month immediately preceding. In
principal item of freight.
the gross the gain reaches $12,098,253, or 11*74 per
that out of a total decrease of $295,729 in freight earn
The
ings for the twelve months, $155,081 was in the cent; in the net, $6,326,098, or 18'09 per cent.
NET
earnings from iron ore.
Altogether, it will be Been, the
movement in the West was irregular, some roads
having a heavier tonnage in cereals and others a
smaller tonnage.
In the South the cotton movement
ran ahead of that of 1900, but was nevertheless small,
as it always is in August.
The Pan-American Exposition at Buffalo was a favoring influence with some
roads, but the New York Central, which gained most
of all from that circumstance, is not in our tables,
grain
company had
decid-
edly unfavorable conditions to contend against. That
under these circumstances earnings, both gross and
net, have not been quite as large as in 1899-1900, can-
not be considered surprising. Indeed, we may adopt
the view expressed in the report that the falling off
has been smaller than might reasonably have been ex-
Gross earnings were $5,324,275, against $5,- since that company does not issue monthly reports of
637,416 in the twelve months preceding, and net net earnings only gross.
earnings (before taxes) were $1,857,811, against $2,August
January 1 to Axujust 81.
056,480. Notwithstanding the loss in net, the income
(109 roads.)
(121 roads.)
pected.
—
account shows that the company earned a comfortable
surplus above charges for a property of its size, the
surplus being, roughly, a quarter of a million dollars,
or to be exact, $246,117.
Under the
and the smaller volume
of
loss in
earnings
expenses were of
Part of the reduction was in the
traffic,
1901.
Increase.
1900.
Gross earn's 115,168,888 103,070,686
Oper.exp... 78,8t)8,83l 68,096,726,
Net earn's
41,800.007' 34,973,909'
I
The present
12,093,258 723,306,701 053.887,S37 63,918,804
6,772,l5i 186.896,682 4*8,980,868 87,476,279
3i,44«,B36
6,826,09^ 436,910,06'J 201,467,644
I
|
Increase.
1900.
liKJl.
I
!
|
improvement in earnings follows
maintenance outlays, which aggregated $1,108,413 for very decided improvement in the same month of other
In this years. .Thus in August 1900 there was $6,915,392 or
1900-1901, against $1,258,944 in 1899-1900.
latter year, however, the expenditures in that way had 753 per cent increase in gross, and $2,00S,647 or 6*28
been exceptionally heavy. When we compare with per cent increase in net, and in August 1899 the gain
1898-9 we find that maintenance expenses then were was over 12g million dollars, or 10£ per cent, [in
Study of gross and $5,004,870, or almost 20 per cent, in
only $994,204, as against $1,108,413 now.
the report shows, too, that in many directions the net. The following carries the comparisons back
outlays the late year were more than ordinarily liberal, to 1896.
course curtailed.
year's
THK CHRONICLE.
81(5
Southern Railway....
Number
Tear
Tear
o] road*.
Preceding
August.
18»e (183)
18S7 (142
1898 (118)
1899 (1*0)
1900 (136)
78,476,998
82.Tia.hQ9
68.61S.03
t
—8.385.H1:'
83.099,89!«
+9.376,081'
88.725,017
fc8.76tf.35H
91,S13,96f
Increase ot
Preceding. Decreast
Uiven.
<
+6.915.89V!
Wabash
i
Cent, of
20.216 656
-fl.6t0.421
Leh.V.RR.andL.V.C
2S.769 836
80,746.213, 26,741,843
81,005.748 31.997.101
41,800.t07 84,073,809
—828.803
+6,004,870
+2,008.64.
+6.326,0»8
Jersey..
Minn. & St. Louis
Wisconsin Central
Heading
Pere Marquette
I ii<-rea*es.
Chic. IndplisA Louisv.
Denver
it
$30,690
Rio Grande.
30.61!)
Total (representing
17 roads)
$6,255,608
Decreases.
Mexican National
Pacific Coast
$112,974
63,898
Total (representing
$176,872
2 roads)
Covers lines directly operated east and wtst of Pittsburg and Erie.
The net on Eastern lines increased t036, 500 and the net on Western
»
+8,489,039
lines increased $244,500.
(181) 152,699.867 436,080,698 +16,619,194 137,456,7C5 121,846,231 + 12,610.5i;i
(133) 574.810.6H* 528,796.319 +4P.014.67H !74.6M),88k lBP,Se*.&2Bi+16,S9o,l<lO
(111) 668,399.8^ 510.838,35b +62,560.8^5 17 1,963.817 62.138,007 +19,616.81 u
(125i 687,670.788 018.374. 58M +75.I96.20C ai.8i3,7l? lH7.625.22ll +23.68->,621
1
(109) 728.306,701 058,387,897
It is a
+ 09.9l8,>-0i
£86,91
— illustrative of the general
improvement — that when the roads
Here
can shows an increase in both gross and net.
our usual summary.
is
8DMMAKT BY GROUP9.
Net Earnings.
Gross Earnings.
Group.
1901.
1900.
1900.
1901.
August.
Trunk
$
t
Inc. or Dec.
P.C.
+ 1,797.378 22 22
24384.313
9,888,351
8,088,97:
Anthra. coal <7) 11,662,170 11.193.72C
Bast. & Mid. (16)
8,478,170
3,311,117
Mid. Weat'n.(lt)
7,816,174
6,838,271'
North west'n(ll) 15,131,046 13,444,822
2,735,3«3
2,607.777
+127,586
1,112.951
1,287,750
+
125.201
9 72
2,643.80ii
1.909,658
29-12
27,717.681
lines. (13)
6,156,102
6,316.656
12,181,156
5,761,461
1,791,562
9.933,692
5.100,819
4,338,84 c
6.118,99
2.788.51C
2 061 51"
12,274,?80!
4,805,687
3,882,009
2,361,221
609,681
646,275;
+578,653
+839,647
+936.892
+761,977
+726,991
+413,618
—36,748
Total.(121r'ds) 116,168.88b 103,070.636
41.S00.007
31,973,909
+6.826,098
Bonthwest'n.ilS)
North Pacific (9)
South Pactnc(8)
16 063,623
Southern
13,444,75
11,170,81
7,306,106
...«23)
Mexican
2,889,616
(8)
—The auction sales of
V>09 20l,467,514 +82,142,5'<5
are arranged in groups, every group outside the Mexi-
BlOTION OB
ITEMS ABOUT BANKS. BANKERS AND TRUST CO'8.
l
l
remarkable fact
character of the
4'8ft
sharee.
Anthr.
Oast.
195,742,681 178.576,184
62,588,660
62,917,071-
43,620,08*
21,694,82e
9.885.120
7.428,02i
7,188,700
6,899,1 5r
Mid.(iS)
48,536.798
22,608,418
Mid. West'n.dS
North west'n (10
49,008,281
17,303,108
18.845,179
91,511,126
83,188,706
29,737,405
86.688,767
87,908,194
29,615,307
78,817,032
67,511,093
80,730,880
28,100,890
686,399
Southern.... (23 102.781.189
Mexican
20,572,6t5
(3
629.67e
205,671
189,338
03,815,164
30,882,996
28,252,3bl
20,134,362
6,786,115
7,484,288
61,817,693
99.113,866
Bouthwest'n(16; 101,301.141
North Paoiflc(O)
South Pac.( 1)
+9,661,472
+2,469,098
+599,644
+3,459,9i9
+8,401,801
+8,292,687
+2,629,490
+16.233
+2,680,614
-697,813
Total.(109r'ds) 723,808,701 663,387,897 236,910,066 201,467,511 +32,442,526
in trust company stocks reach a total of 30
Stock of the National Broadway Bank to the amount
of 234 shares was sold at 427, an advance of 27 points since
Oct. 2, when 50 shares changed.hands in the,"outaide" market
at 400. In the " curb " market, stock of the National Bank
of Commerce was dealt in at prices ranging from 355 to 372:
Atlantic Trust Co. stock sold at 290, First National Bank
stock at 743 and 25 shares of National City Bank ttock at 650,
an advance of 50 points over the price paid last week.
8hares.
Banks —New York.
Last -previous sale.
Price.
234 Broadway Bank, National
427
Aug. 1901— 3101.1
10 Commerce, Nat. Bank of........ 376
Oct. 1901— 357^
1 8 East River National Bank
14 8
July 1901— iblh
12 First National Bank
738-740
t
1 Produoe Excbange Bank
153
Oct. ISOl- 165
Banks— Brooklyn.
16'79
20 Ptople's Bank
17-66
Trust Companies— New York.
6 Atlantic Trust Co
290
2o Bowling Green Trust Co
189 x4
Trust Companies—Brooklyn.
4 Brooklyn Trust Co
430%
8526
11-49
5'ti9
16'09
First sale since capital
*No sales in 1898, 1899,
18 84
33-11
8'«9
24"99
11-44
28-00
9-36
8-67
9-31
9-32
15-87
is
list
of
changes exceeding $30,000, whether
all
gains or losses.
Increases.
Pennsylvania!
Southern Pacific Sys..
A tch. Top. & Santa Fe.
Northern Pacific
.
Baltimore & Ohio
Illinois Central
Canadian Pacific
Missouri Pacific
Chic. Burl.
Quincy..
Chic Rook I. & Paciflo
Chic. Mil. & St. Paul..
&
Frifl
Olev'. CiJi.
Onic.&St. L.'
& Nashville
Mo. Kane. <fe Texas...
St. Louis & San Fran.
Louisville
Union Paciflo
Southern Railway....
Grand Trunk
Choo.Oklahoma & Gull
Wabash
8eaboard Air Line
Chesapeake & Ohio...
Minn. St. P. & S. Ste. M.
Chic. Great Western..
Pere Marquette
Burl. Ced. Rap. & Nor.
Central of Georgia
RR. & L. V. C.
GROSS
EARNINGS IN AUGUST.
Increases.
$1,808,800 Mexioan Internat'l
$88,492
PRINCIPAL CHANGES IN
. .
1,186,830
687,230
639.121
537,381
501,457
480,568
478,206
433,954
395,695
369,36b
346,381
279,254
244,845
241,111
239,312
252,< 34
203,135
202,451
188,984
159.060
148,790
135,099
134,478
117,107
115,718
101,169
100,763
97,339
95,813
8t.
Louis Southwest...
Yazoo
A
Miss. Valley.
Atlantic Coast Line.
.
Colorado & Southern.
& East Illinois..
Chic.
Hocking VaUey
Minn. & St. Louis
Chio. Indpl
& Louisv.
Wisconsin Central
Peoria & Eastern
Kan. City Southern..
NewOr.&T. Pao.
Wheeling <fc L. Erie....
Indiana 111. & Iowa...
Cin.
N. Y. Ont. & Western.
Toledo & Ohio Central
N. Y. Susque. & West.
W. Jersey & Seashore.
Norfolk & Western
79,695
72,451
66,6 1
66,128
65,347
64,608
61,329
60,620
58,452
57,021
54,401
50,520
47,038
46,823
44,924
40,188
38,125
36,700
33,704
Total (representing
60 roads)
$12,035,033
Decreases.
Pacific Coast
Mexican National
Pnil. Wilm. & Bait. . .
bank stocks this week aggregate 295
have been made at the Stock Exchange.
20-17
needless to say that the gains by the separate
roads are very large and very numerous.
We annex a
It
sales
The transactions
t
coal..( 6)
&
No
shares.
1 to jlufl.81
Trunk lines. (12)
full
New
-1,111,2«8
Jan. 1 to
Aug. 81
WUfl (123) 418,706.611 408.229.667 +10.476.874 I2i,e28,860 118,139,821
Jan.
$54,143
51,988
60,6*3
49,009
48,776
38,904
37,362
33,347
32,815
31,044
30,880
Chesapeake & Ohio...
Ann Arbor
Mexican Internat'l....
17,093,817, 19.401.586
84.H15.076
88.44t.C38
81,773,9*-
+l,00f,486
76,088,391 +12,688.621
Tear
Tear
Increase or
Decrease
1901 (121) 115,l«C,88fc 103,070,636 +12,098.868
1887
1898
1899
1900
1901
Increases.
Net Earning!.
Grote Earnings
Tear and
IVol. LXX1I1.
$120,599
60,960
44 ,000
201 *
1
July
1901— 280
June 1901—
205
Aug. 1901—
425
was increased.
1900 or 1901 to date.
—The great increase in the business of the National Bank of
Commerce in New York has made absolutely imperative the
adoption of measures for enlarging the bank's floor space in
order to accommodate the clerical force. The bank now
occupies about half of the main floor of its premises on the
corner of Nassau and Cedar streets and also two or three
rooms on the second floor. Notice has been given by the
bank to some of the tenants whose leases will expiie on the
1st of May next that the bank will then require their premses.
When these offices shall be vacated the main floor
space of the bank will be extended to about double the present area, so as to embrace the whole of that floor, and additional offices will be taken by the bank on the second floor of
the building. These extensions will, it is hoped, fully meet
the requirements of the institution for some time. The expansion of the business of the bank since its absorption of
the National Union Bank April 26 1900 is reflected in the increase in the interval of the aggregate of deposits from $66,-
The growth of the institution is
380,115 to |90,953,368.
largely due to the energetic policy which has been pursued
by Mr. Joseph C. Hendrix, the President of the bank, who,
may
be noted, was signally successful in his administraUnion Bank from its organization to the time of its merger with the National Bank of
it
tion of the affairs of the National
Commerce.
James J.
—
Hill and Oliver H. Payne, who are directors in
the Chase National Bank, have recently acquired stock in
report that they had been elected
the First National Bank.
directors of that institution was officially denied, as also was
a report that absorption by the First National of the Chase
was contemplated.
A
—The
reorganized Seventh National Bank, retaining the
Total (representing
3 roads)
same name, will be opened for business about November 1.
Buff. Roch. & Pitts....
$225,559
The reorganization plan, as outlined in this department Sept Covers lines directly operated east and West of Pittsburg and Erie.
The gross on Eastern lines increased $986,200 and the gross on tember 28, was formally approved by the stockholders on
Western lines increased $822,600.
Tuesday of this week. This plan provides for a reduction in
PRINCIPAL CHANGES IN NET EARNINGS IN AUGUST.
the old capital of $500,000 to $200,000 and then an increase in
Lefi. Vai.
Increases.
Increases.
Pennsylvania t
Soutbern Paciflo 8ys..
Atcb. Top. & Santa Fe
Baltimore & Ohio
Illinois Central
Northern Paciflo
Chic. Burl. & Qulnoy..
Union Paciflo... 1
Canadian Pacific
Seaboard Air Line....
Erie
Ohio. R.
I.
& Pacific"
."."
$881,000
731,136
542,942
435,468
339,629
323.512
259,202
251,206
251,157
248,641
221,874
193,274
Missouri Paciflo
Cleve.Cin.Chio.& 8t.L.
Mlnn.St. P.&S.Ste.M.
Ohio. Mil. & St. PauL.
Buffalo Roch. & Pitts.
Choo.Oklahonia& Gulf
Grand Trunk
Bur. Ced. Rap. & No,.
St. Louis & San Fran..
Kansas City Southern
m
Chicago & East
Norfolk & Western
$163,627
130,723
121,430
101,445
78,589
75,673
75,132
73,570
64,276
59,394
57,603
54,5 45
the capital to $1,700,000. An underwriting syndicate has
agreed to purchase the $1,500,000 new stock at $115 per share,
which will yield $1,725,000 cash. The report that Frederick
D. Kilburn, State Superintendent of Banks, would take the
presidency of the tank, is authoritatively denied.
—The
Empire Bank, a state institution with a capital of
and
a paid in surplus of a like amount, the perfected
$100,000
organization of which was announced in this department
October
THE CHRONICLE.
19, 1901.J
opened for business at 71 Broadway on Tuesis Leroy W. Baldwin and Clinton E.
317
demands promptly from its own cash resources, declining
from other institutions in the city, and the withBraine is cashier,
drawals of deposits by those who had taken alarm at the
—The new officers of the Broadway National Bank are above-noted rumor soon ceased. The capital stock of the
Miles M. O'Brien, President; Charles W. Morse and T. Al. company is $500,000 and its surplus is $600,834; deposits
Adams, Vice Presidents. The directors are: D. S. Wal- amount to §9,073,005. At the time of the run the oompai y
ton, William P. Putney, George J. Ferry, Eugene Biitton, had $2,77-1,286 in demand loans and £3,725,849 cash on hand
Aaron Adams, Richard B. Kelly, Anderson Fowler and Wil- and in other banks.
September
21,
The President
day.
—Charles Unger, one of the founders of the bankiDg firm
Unger & Smithers, now F. S. Smithera At Co., died September 27 at Neustadt, Germany, in the seventy-first year of
his age.
lie was for twenty-four years a trustee of the German Savings Bank, and he was also President of the ConFour years ago he retired
solidated Coal Co. of Wyoming.
from active business and took up his residence in his old
home in Germany.
of
of the ruling of the Commissioner of
Revenue in the matter of the tax on collateral
note?,
which ruling caused much comment in Stock
Exchange and banking circles last week, has been received.
full text
Internal
We give it below
:
Treasury Department,
Office of Commissioner of Internal Revenue.
Washington, D. 0., October 4 iqot.
This ctlice is in receipt of.'a letter from Mr. E. P. Stair, Cashier
of tiie Farmers' National Bank of York, Pa., who presents the following question for the consideration of this otlioe
Mr. Stair asks whether revenuestatnps are required when certificates
of stock (with signed blank power of attornej) are given as collateral
security with a note for money borrowed, tald stock being held only as
security and returned on payment of the note.
Under Schedule A of the Act of June 13 1898, In accordance with
the opinion of the honorable Attorney-General, this otlioe ruled July
13 1898 (see Treasury Decisions, ruling 19685), that where stock
certificates were given as collateral on notes, stamps were not required
on these certificates, as in the oase of factual transfer, but they
were to be stamped as a pledge for the amount for which they were
hypothecated.
September 21 1898 (see Treasury Decisions, ruling 20193), the
Attorney General gave an opinion that a collateral note, stipulating
that certain securities or other property should be held as Indemnity,
or as a basis of oredlt generally, without specifying particular prop
erty as security for the payment of a definite and certain sum of
money, was not liable to tax under the provisions of the war revenue
Act. A ruling was made by this office to correspond with this opinion.
Subsequently the Commissioner of Internal Revenue, through the
Seoretary of the Treasury, called the particular attention of the Attorney-General to the following language in paragraph 1 of Sohedule A,
Act of June 13 1898 (since re enacted without change by the Act of
March 2 1901;:
Or by any delivery, or by any paper, agreement or memorandum, or other
evidence of transfer or sale, whether entitling the owner in any manner to the
benefit of such stock, or to secure the Juture payment of woney, or for the future transfer of any stock, on each one hundred dollars of face value or fraction thereof, two cents
and asked If the delivery of certificates 0/ stock to secure the future payment of money was not a taxable transaction under this provision.
The Commissioner also suggested that stock delivered as collateral
security for the payment of promissory notes was more properly taxable under the above clause of paragraph 1 of Sohedule A than under
the paragraph relating to mortgage or pledge, as was held under the
current ruling.
To this suggestion no response was made; but to the question
whether the paragaaph above quoted was not applicable to stock delivered as security for the future payment of money, the AttorneyGeneral answers as follows (see Treasury Decisions, ruling 80)
My opinion Is that it would be if the delivery of the stock was accompanied
by any paper or agreement or memorandum, or other evidence of transfer such
as contemplated by the statute. But I can not construe this Act to mean that
the mere hypothecation of certificates of stock by depositing thesame without
any written or printed instrument of hypothecation, although the same may
be neld as security tor the payment of a loan or taken as a basis of credit, is
subject to stamp tax.
By the Aot of March 2 1901 the tax on mortgages or pledges was
repealed, to take effect on or after July 1 1901, so that the delivery
of stock as collateral security for the payment of notes is no longer
taxable as a pledge. The Aot of March 2 1901, however, re-enaoted
without change the first paragraph of Sohedule A of the war revenue
Aot, containing the provision relative to the tax on the delivery of
stock as security ft r the future payment of money.
In this state of the law, I am of the opinion that under the opinion of
the honorable Attorney- General, above quoted, a delivery of stock
as collateral security for the future payment of money is taxable at
the rate of 2 cents for each $100, or fraotlon thereof, provided such
delivery is accompanied by any paper, or agreement, or memorandum,
or other evidence of transfer as required by the statute, and I am further of the opinion that a so-called collateral note, in which such stock
should be described with reasonable certainty, would be such evidence.
Please Inform Mr. Stair of this conclusion.
Respectfully,
J. \V. Yerkes, Commissioner.
Mr. H. L. Hershey, Collector Internal Revenue, Lancaster, Pa.
Sir
assistance
—
liam Ballin.
—The
all
:
:
The conclusion which has been reached by those who have
carefully examined the above.is that, if any of the New York
banks have been
in the habit of either requiring or receiving
" collateral notes " upon loans made by them, it appears cer-
tain that they will no longer do so. It would seem, however,
that borrowers could give their promissory notes in the
ordinary commercial form, not describing the collateral
hypothecated or even mentioning the fact that collateral
had been given, and thus not subject themselves to the
necessity of affixing stamps, even though stock collateral
were among the security.
—An incident of the week was a run upon the Fidelity
Trust Co. of Buffalo on Monday, caused by a rumor that the
institution was in an unsafe condition. The company met
Messrs. Speyer & Co. have purchased a plot of land in
Pine Street, near Nassau, on which they will erect next year
a banking house for their occupancy. The plot is 94 feet
from Nassau Street, and has its light secured by being nearly
opposite to the United States Treasury building, while in the
rear the low buildings on Cedar Street were recently acquired
by the Mutual Life Insurance Co. to protect the light for its
building on the opposite side of the street. The plot acquired is Nos. 24, 26 and 28 Pine, 579x69-4, making 8.9C4
square feet. The price paid for the land was about half a
million dollars, which is equivalent to about $130 a square
foot. Messrs. Speyer & Co. intend to erect a low building
somewhat on the style of the new buildings of the Stock Exchange, the Clearing House and the Chamber of Commerce.
—Mr. L. W. Prior, of the firm of Denison, Prior & Co. of
Cleveland and Boston, was last week elected to membership
in the New York Stock Exchange.
Mr. Prior purchased his
seat in the latter part of September, paying §65, COO for it.
This is the highest price recorded since early in May, when
$70,000 was paid for a seat.
— At a meeting of the Governors of the New York Stock
Exchange late last week, the following resolution was
adopted
Whereas, The Constitution of the Exchange provides that under
stated conditions a member may transfer his membership;
Resolved, That a committee of three be appointed by the President
to consider the question of providing fa olli ties to persons desiring to
acquire or dispose of memberships In the Exchange. Such committee is authorized to consult counsel and Is requested to make early
report thereon.
Heretofore all transfers of seats have been conducted
through the Secretary of the Stock Exchange, who has received a fee of $100 or $150 for his services in bringing together the seller and buyer. The resolution adopted seems
to be in the way of an effort to prescribe some official method
of transacting sales of memberships.
— According to reports from Cleveland, a
five
of the banks of that city
is
consolidation of
under consideration.
The
banks mentioned are the American Exchange National,'
Century
National,
Metropolitan National,
Cleveland
National and the Bankers' National.
The combined
capital
of
the
banks
aggregates
It
is
$2,250,000.
proposed to liquidate these five banks and organize a new
institution with a oapital of $1,500,000. Committees, it is
stated, have been appointed from the various banks to look
into the matter.
—The
York
New
application to convert the Bank of the State of New
of this city into the National Bank of the State in
York was approved by the Comptroller of the Cur-
rency on October 11. In our issue of May 18 we stated that
arrangements for this change were then under consideration.
In that item we also briefly sketched the career of the institution,
bank
which was organized in 1836, became a national
and in 1882 again became a State bank. The
in 1866
capital will remain, as heretofore, $1,200,000.
—A resolution will be placed
before the stockholders,
at
meeting on the 4th of November, for the conname of the West End Trust & Safe Deposit
Company of Philadelphia to the West End Trust Company.
As noted herein last week, a meeting has been called for
December 11 to act on the proposition to increase the capital
their annual
traction of the
of the
company from
—The annual
$500,000 to $1,000,000.
convention of the Kentucky Bankers' Assoand 10th inst., at Mammoth Cave, Ky.,
ciation on the 9th
was the occasion for the presentation of several interesting
papers. One of these " Uniform Examinations of Banks and
Trust Companies," discussed by Mr. H. V. Sanders, Treasurer of the Columbia Finance & Trust Company of Louisville,
was ably handled, the writer having had extensive practical
experience.
of
Mr. H. C. Trigg, President of the Trigg National Bank
Glascow, Ky., delivered the address of welcome, the re-
THE CHRONICLE.
bib
sponse to which was made by Mr. Logan C. Murray, President of the American National Bank of Lonieville. Mr.
Henry Bnrnette of Louisville had taken " Uniform Negotiable Instrument Laws" as his theme, while Mr. J. P. Helm,
also of Louisville, spoke on taxation. The President, Mr.
George T. Thompson, President of the American-German
National Bank of Paducah, the Secretary, Mr. Isham
Bridges, Manager of the Louisville Clearing House Association, and the Treasurer, Mr. E. W. Hays, Cashier of the
National Bank of Kentucky, Louisville, were reeleoted.
The Vice-Presidents are as follows
First Diatrlot-Mr. H. S. Hale, President of the First National Bank,
:
Mayfleld.
Second Dlstrlot— 8. K. Sneed, Cashier of the Henderson National
Bank, Henderson.
Third District—H. C. Trigg, President of the Trigg National Bank,
Glasoow.
Fourth Dlstrlot—J. M. Knott, Oashler of the Marion National Bank,
Lebanon.
Fifth Dlstrlot— E. C. Bohne, Cashier of the Third National Bank,
Louisville.
Sixth District— J. E. Bohannan, Cashier of the Pendleton Bank, Falmouth.
Seventh Dlstrlot— A. 8. Winston, President of the First National
Bank, Lexington.
Eighth Distriot— J. C. Caldwell, President of the Farmers' National
Bank, Danville.
Ninth Dlstrlot—J. F. Barbour, President of the Bank of Maysville,
Mayeville.
Tenth Distriot— J. G. Winn. President of the Mt. Sterling National
Bank, Mt.
Sterling.
Eleventh Distriot—R. M. Jackson, Cashier of the First National
Bank, Loudon, Ky.
—The Wells Banking
[Vol.
LXXIIL
Annual Report of the Exooutlve Counoil by Chairman I. E. KnlHely,
President Northern National Bank, Toledo.
Report of the Committee on State Banking Laws, by Chairman W.
A.
Graham.
On
the second day the
lowing
programme
will consist of the fol-
:
Address-"Extension of Trade," by Mr. Charles A. Hinsch, President of the Fifth National Bank, Cincinnati.
Address "Some Observations on Our Taxation 8ystem," by Mr. J.
G. W. Cowles, President Cleveland Trust Company, Cleveland.
Discussion on "State Banking Law."
Report of Delegates to Amerloan Bankers' Assoolatlon at Milwaukee.
Address by Col. Myron T. Herriok, President of the American BankAssociation and the Society for Savings, Cleveland.
Report of Committees and Eleotlon of Officers.
The time not occupied by the regular business
ers'
of the
convention is to be given over to a drive through the parks,
entertainments at the Country and Euclid clubs and Empire
Theatre and a banquet at the Hollenden Hotel.
Without doubt the most important number on the program is "The State Banking Law." Several references
have previously been made in these columns to this matter,
which has been taken in hand by the association. A bill providing for the creation of a Siate banking department with
extensive powers has been framed, and a vote for or against
the measure is to be taken by the members.
— As
considerable interest
is
felt at
the
moment
in the
important banking institution, the Deutsche
Bank of Berlin, we furnish below a translation of the editorial
comments of the "Frankfurter Zeitung," contained in its issue of Sept. 28 1901, on the bank's semi-annual return to
affairs of that
House of Fond-du-Lac, Wis., estab- June 30 1901:
be
succeeded
by the Commercial National
lished in 1870, is to
"Unlike most great institutions, anxious not to have any
Bank, application for a charter having already been made at knowledge spread abroad regarding the results of the half^Washington. The bank will be capitalized at $125,000, and year, the Deutsche Bank makes at least a short report, which,
though insufficient, seems to confirm the opinion that the inwill have as officials Mr. H. R. Potter, President; Henry
stitution has worked with good success.
At least this may
Boyle, First Vice-President; A. G. Bechnaud, Second Vice- be concluded from the renewed increase of the turn over and
President, and M. T. Simmons, Cashier, the latter holding a from the statement that the communications of the directors
regarding the general result had been received 'with great
similar position with the old institution.
satisfaction by the board. As we have heretofore pointed
—By reason of the death of Vice-President S. J. Sshermer- out in this column, the bank has closed during the past halfhorn, several changes have been made in the officials of the year several large transactions with a handsome profit; it
have been benefited in particular from the Central
Mohawk National Bank of Schenectady, N. Y., of which Mr. should
Railway deal and the introduction of the Anatolian Railway
H. S. Edwards is President. Mr. J. A. De Remer has been shares. The bank could, furthermore, derive profits from
appointed First Vice-President and William D. Ellis Second its various relations with America by reason of the boom
which was in progress there.
Vice-President.
"Immediately after the collapse of the Leipziger Bank a
new $200,000 institution has been incorporated in branch was opened in Leipsic and shortly afterwards the
Pittsburg under the name ot the Republic National Bank. silent partnership of the Bank in the Dresden institution was
J. R. MiQaade, of Pittsburg, Samuel Garrison, Walter Ken- converted into a branch, thereby attaining valuable and
profitable connections in Saxony and increasing the amount
nedy, Oscar A. Rogers, A. H. Schewe and A. C. Houston are
of deposits in contrast with other institutions during that
among the promoters of the enterprise.
period.
'
—A
—The
officials
chosen for the First National
Bank
of
Eureka, Cal., which we stated in August last had been incorporated with $100,000 capital, are: President, Mr. A. B.
Hammond Vice-President, William G. Gosslin ; Cashier,
H. F. Charters, and Assistant Cashier, G. L. Roberts.
;
—The
charter of the United National Bank of this city,
which as announced in these columns will begin business
about the first of the coming month, was approved by the
Comptroller of the Currency on October 12.
— Mr. Adam Wagatha has been elected Cashier of the Teutonia
Bank
of
New
Orleans, succeeding Mr.
W. W.
Weiss,
resigned.
—Authority has
been granted the Troy Trust Company,
mentioned in our issue of August 3, to operate in Troy, N. Y.,
in a general banking and trust capacity. The capital has
been fixed at $150,000 and surplus at $50,000.
—An excellent program has been prepared by the Ohio
Bankers' Association for their convention, which, as previously announced by us, will be held in Cleveland on
Wednesday and Thursday next. The meeting is to be called to
order at 10 o'clock on the first day by President J. C. Reber,
Cashier of the Winters' National Bank, Dayton, This will
.be followed in the order named by
Address of Welcome to the City by Mayor Tom L. Johnson.
Address of Welcome for the Bankers by Mr. T. H. Wilson, Cashier
:
A the First National
Bank, Cleveland.
Response by Mr. Casper H. Rowe, Vice-President Market National
Bank, Cincinnati.
Annual Address by the President, Mr. J. C. Reber.
Annual Report of the Secretary, Mr. 8. B. Rankin, Cashier Bank of
South Charleston, South Charleston.
Annual Report of the Treasurer, Mr. H. C. Herblg, Cashier Commercial Banking Company, Coshocton.
"Deposits increased until June 30th 38J^ million marks
over the 531 million marks at end of December 1900, this increase being counterbalance! by a corresponding increase
of liquid assets.
"Of interest is the
remark that the business thus
ing the current half-year
may be
far durconsidered as satisfactory."
IMPORTS AND EXPORTS FOR SEPTEMBER.
The Bureau
of Statistics at "Washington has issued
the statement of
the country's foreign trade
for
September, and from it and from previous statements
we have prepared the following interesting summaries:
Foreign Trade movement of the United States.
the following tables three olpheri (000s) are in all oases omitted.]
-1901.
—1900.
Bxport*.
Import*.
Excett.
BxvorU, Import*. Excess.
*
ftlerch'dlse.
»
*
I
%
*
209.6t5 +164,062
Jan.-March. 373.767
371.181
231.253+139.928
22:1.746+124,350
April-June. 348,096
3 10,852 208,166+132,688
63.630 +36.793
July.
109.452
T3.083 +36,369
100. 453
1O8.02S
73.184 +34,991
August
103.578
61,821 +41,756
67.300 +39,595
115,902
September. lOtf.^95
5U.569 +56,333
[I
i
.
,
Total.
1,046,228
Gold and Gold
Jan.-March.
April-June.
July
In
9,128
20.883
2,876
August
September.
Total
646,958+399,2,70
1.031.984
624,467+407.497
Ore.
+516
+13,047
-1.200
8,176
5.824
22,264
IO.802
11.263
150
163
8.618
7,316
4,076
3,491
-3,341
18,085
11,14a
—11,479
32,680
35,137
—2,457
8.111
7,024
2,663
2.698
2,470
+6.409
+6,890
+1,276
+1,782
+2.365
3.273
+2,352
+11,462
-7,990
807
4.238
7,882
+13,847
—7,056
52,605
39,989
+12.61C
15.004
15,366
8.164
10,685
+6,840
+4.691
4.914
6.494
5.723
3,344
3,905
4,172
+2,589
+1,661
22,766 +18,722
47,501
— Excess of Imports.
30,270
+17,231
Sliver and Sliver
Jan.-March.
April- June.
14,520
13,914
August
September.
3,839
4.380
4,835
Total
r Excess of
41,483
exports.
+ 1,570
October
THE CHRONICLE.
1901.]
l'J,
RECAPITULATION.
subjoiu tne totals for merchandise, gold and
We
Nine
Excess
#i-
Im-
WtaporU
portJ.
port j.
$
1
1
Export*. Imports.
$
of
1
3»»2
1901. I.M0.9M
<•
mini
1S9U
094,441 107197
1,(81,'.H'4
l«H»5-
1 for six years.
GOLD.
MERCHANDISE.
811,680 38.111
.VJ.nOfr
89.989
34.87f 3 1,969
»0'i,477 5M3.(N a ;i 1
ISttM 868.OT* 475 378 :{».{s,.<.i 1 11,181 127.3H
lNlO 7 16JM8 5SN.75:- 1571(^3 39,680 10. fill
1S»« (Mte.oa 344.1 8» i 13974 ;wi.8sv. HW.21H
* Kxcens of
in Doris.
1 •
fLissiJlciitiiinof
Debt mterest ceased
Dobt bearing in. interest...
•mi.vih.
Brcc»»
Import:
r.'x
of
port*.
Exports
purt*.
I
$
t
••£.457 11.1HH i -2.7(111 1N.72!
30.27(1 17,231
l-zeir 17,
•1.301 88.788 2 2.' 24 10.014
•114,51V •10.4:i3 •2 1 .OUW 18.891
lu.ort 44,000 93,881 IK 7 26
1
47.0*0 J
•W.8«l
1
,"W7
ir, M4.i
Hi
Sxyoris
a.
1
the following oxhibit.
GOLD.
MERCHANDISE.
Import*
Bxcesi
of
Export.
BILVtth..
Excess
Sa-
lm.
por t*.
porta
Export
1
t
$
Ma-
of
Etch
Im-
ports.
ports.
i-
•
0}
H-
porii
1001
1000
1899
l!SO.s
$
t
$
•
$
894,870 413.617 11036V 3.189 19,300 •10.021 13.054 7.(131
319.981 18. j ,060 131881 •241«5 123,863 '1.198 I7,l.n 11,421
309.46W 197.468 1 14001 5.38t 10,880 •3,56f 11.018 8,968
94T.78* 1.49.118 98,611- 0.550 34.70- •48,192 14,83;> 8,91
••2.793 14,452
7.590 10,'is8.834
.450.470 13.J.MH' 140521
•4O.80H 10.776 «.'." a
991.460 1.J-J.4 3S 00.017 1 3.1-68 lll
<•
1897.
1890.
5.483
5,710
3,330
0,029
5.018
9.874
Kicess of Imports.
68
Dec.14.i-04 H77 60
Dec. 10.061,476 00
1.036.349.760 81
Dec. 4,7l8,i01 60
i
82I..97 1,356
figures
11,081,596,86441.
Debt.— At present the only bondB not
paid or in some manner settled by the companies are the
Central Branch Union Pacific. We consequently omit the
others from our table. Any reader desiring the details with
reference to all the issues will find the facts in the Debt
Statements for March 31 1900 and previous dates.
unliquidated bonds issued to pacific railroads- thkik
status oct. 1. 1901.
me
of
Road.
Principal.
$1,000,00000
Central Branch Union Pacltlo
each year back to 1875.
EXCESS OF MEKCHANDI8K IMPOSTS OB EXPORTS.
9 months ending Sept. 30 —
3 months ending Sept. 30—
Imports.$4 4,314,039
1875
Imports. $22, 518.827 1875
Exports. 77.734,462
1876
Exports. 27.170.fi7i, 1876
Exports. 54,2<;0,334
1877
Exports. 16,^63,921 1877
Exports.20J,527,5fi9
Exports. 53,673,024 1878
1878
Exports.161,498,336
1879
Exports. 46,461,725 1879
Exports. 73,793,920
Exports. 42,635,426 1880
1880
Exports.l21,l71,V04
Exports. 23,171,938 1881
1881
Imports. 54.222,267
Imports. 14,785,237 1882
1882
Exports. 2,047.010 1883
Exports. 48,130,029
1883
Exports 17,653,894
1884
Exports. 6,*98,059 1884
Imports. 12,361,660 1885
Exports. 42,952,033
1885
11,613,110
1886
Imports. 12,591,848
Imports.
1886
Imports. 45,361052
Imports. 18,270,975 1887
1887
Imports. 89,683,704
Imports. 28,108,404 1888
1888
Imports. 13,561,121 1889
Imports. 44,216,877
1889
Imports. 54,093,535
Imports. 35,372,172 1890
1890
Exports. 23,708,387 1891
Exports. 10,446,816
1891
Imports. 18,221,322 1892
Exports. 29,204,090
1892
Imports. 22,103,499
Exports. 46,696,522 1893
1893
4,542,162 1894
Exports.
Exports. 73,028,234
1894
Imports. 43,115,673
Imports. 38,380,638 1895
1895
Exports. 69,017,161 1896
Exports.143,973.601
1896
Exports. 120,521,440 1897
Exports.157 ,483,339
1897
Exports. 98,618,430 1898
Exports.393,899.189
1898
Exports.112,001,348 1899
Exports.3 1 6,575,102
1899
Exports.134,881,714 1900
Exports.407.496,805
1900
Exports.110,859,028 1901
Exports.39P,270,546
1901
&
Congress approved June
0,
1900.
Treasury Cash and Demand Liabilities. —The cash holdGovernment as the items stood Sept. 30 we take
trom the Treasury statement of that date. The net cash
balance and the reserve fund of $150,000,000 have both been
deducted above in reaching the net debt.
Reserve fundGold coin and bullion
Trust fundsCold coin
silver dollars
Silver dollars of 1880
Silver bullion of 1890
DEBT STATEMENT SEPTEMBER
The following statements
SO 1901.
and Treasury
cash holdings of the United States are made up from official
figures issued Sept. 30, 1901. For statement or Aug. 31, 1901,
see Chronicle Sept. 21, 1901, page 591; that of Sept. 30, 1900.
see Oct. 27, 1900, page 841.
INTEREST-BEARING DEBT SEPTEMBER 80, 1901.
Interest
4s
4s.
tt,
of the public debt
Amount
Amount
payable.
issued.
Registered
$
I
Q.- J. 41 6,940,760 435,080,800
Consols of 1930
Loan of 1008-1918.. Q.-E. 198,792,640 47.H9.440
Funded loan, 1907..Q.— J. 740,921,400 1M6.6S9 000
Refund's certitlc's.Q.— J. 40,012,760
V. 102,316.400 118.121.U00
Loan of 1925
Q.-F. 100,000,000 11,82«.3<.0
Loan of 1904
Q—
Outstanding.
Coupon.
10.903.950
50.334 'SO
52,662.700
35,333.900
6,819,150
Total.
I
445,940,750
98,264,220
248,241,700
33,200
163,464,810
21.U1.460
Bearing Debt.l.087,eS2,840 807.889.440 169.013,480
960,966,120
Note.—The denominations of bonds are as follows: 4s of 1907. registered. $50. $100, $500. $1,000, $6,000. $10,000. $20,000, $60 000. coupon. $50 $100
i500, $1,000; 4t. refunding certificates. $10; 6s of 1604. registered, $50, $100,
il.OOO, $10,000 coupon. $60. $100. $1,000; 4s of 1826 registered. $50, $100. $6on
11,000, $5,000, $10,000, coupon. »50, $100, $600, $1,000; 3s of 1908-1918 registered
120. $100, $500. $1,000, $5,000, $10,000. coupon, $20. $100, $500, $1,000; 2s of 1900930. registered, $50, $100, $500, $1,000, $6,000, $10,000, $60 000, coupon. $50. $100
ABR'te In
•600, $1,000.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
tfunded Loan of 1891, continued at 2 per cent, called
for redemption May 18. 1900; Interest ceased
Aug.
31.
Sept. 30.
August 18. 1900
$258.10000
Funded Loan of 1891. matured September 2 1881..
6«,800 00
Old debt matured priorand subsequent to Jan.l '01 l,0f 9,220 20
$2f 8.100 00
')(V00 01
1,1.69,160 86
Debt on which interest has ceased
$1.89?,6*0 26
Bonds issued to l'aciHc- railroads matured but not ret presented Union Pacific, $12,000 Kansas Pacific, $1,000; total.
$1,343,560 86
:
;
$13,000 00
DEBT BEARING NO INTEREST.
United States notes
Old demand notes
National bank notes— Redemption account
Fractional currency
Less amount estimated as lost or destroyed
Afgregateof debt bearing no interest
$346,681,016 00
63,847 60
29 5M6.3 jy 00
$15,262,295 03
8,375,934 00
0.876,381 68
$883,1:06,564 18
0*
788.132,089
0»
781,23100
42,244.709 00
General fundGold coin and bullion
Gold certificates
$7fl2?6,4S3 92
25.408.920 00
6,64204800
Silver certificates
Silver dollars
Silver bullion
United States notes
Treasury notes of 1880
National bank notes
Fractional silver coin
Fractional currenc j
Minor coin
Bonds and interest paid, awaiting reimbursement
13.268.77n 00
1,018,498 78
8,651,150 00
81,219 00
8.51 2,333 99
9,075,394 67
178 01
601,156 88
393,525 80
$160.780,92ci 94
. .
In national
$150,000,IC0
$302,92f .0-9 00
442,0-0,ooo to
bank__,depositaries—
To
credit of Treasurer of the
United States
102,306,767 12
To credit of United States disbursing officers
6,207,702 2
108,514,458 33
268,296,380 27
L197.827.476 27
Gold certificates
$302,920,089 00
44^.0-0,000 00
43,i 26,000 00
Silver certificates
Treasury notes of 1890
« .,
.
,_ .
. *
National
bank
6 per cent fund
Outstanding checksand drafts....
Disbursing officers' balances
Post Office Department account.
Miscellaneous items
,
$788,032,088 00
13.849.943 09
0.756,980 41
66,643.98? 36
8,7lrt,ew0 80
6,407,901 63
89, 75,606
2b,
8*.
4s.
$3.73w,3o.
realized the sum of §2,122,841 24 from
1901, of its claim against the Sioux City
Pacific Railroad Companv, under authority of the Act of
The Government
the sale on June 20,
.
Loan-
Total due V. S.
nterest.
1
$2,189,33127
cash in the treasury.
following shows the merchandise balance for
34tl« of
0©
W19.U8 tO
show a gross debt on Stpt. JO, 1901,
interest- bearing) of $1 ,351 ,51(3,244 89
nonand
(Interest-bearing
and a net debt (gross debt less net cash in the Treasury) of
The foregoing
silver.
The
60.04K)
l>ec.
lac.
18a
Dtt.
ings of the
In theBe tables of totals, gold and silver in ore for
all years are given uader the heads respectively of gold
and
2d
1.80V-
888.206.664 18
liu.'rr
$
Dec 16.878,970 00
Including $160,000,000 reserve fund.
.Vn
$
00
2d
1,081,690.304 41
Total not debt
Pacific Railroad
Similar totals for the three months since July
T7ir,<
I
96»f.9rti\lVU
1 34S.6.-0
1.861.616.244 3W
Total gross debt
Cash balance in Treasury*. 819.919.879 9*
•
il
Debt-
interest hearing debt
I
make
Awj. 31, 1911.
$
982.(40.193 00
S.pt. 30, 1901.
months since Jan.
silver for the niue
Hoi
819
„
,
„
Reserve
fund
Available cash balance
29
$877,407,686
2fc
818,919,878
•»
$1,197,327,476
87
160,000.000 00
169,919 879 88
Tot a'
Cash balance in the Treasury Aug
serve and trust funds
Cash balance in the Treasury Sept.
serve and trust funds
31, 1801.
exclusive of re-
30, 1901,
exclusive of re-
1179 971 866 69
168.919.879 68
Decrease during the month
$10,051,475
60
Failures for Third Quarter and Since January 1.
The following figures, prepared from Messrs. R. G. Dun &
Co. 's statement, show the number of failures in the United
States and Canada during the quarter ending Sept. 30, 1901,
and for the nine months ending with the same date. For purposes of comparison like figures for th^ corresponding periods of the preceding year are given
:
1901.
.
_
Third Quarter.
.
£ew England
No. of
Failures.
341
497
396
148
Central States
532
Western States
224
Pacific StatesandTerritor's. 186
States
Middle States
Southern States
Southwestern States
Aggregate United States... 2,324
Dominion of Canada
Nine Mo/iths.
1900
,
Amount
of
So. of
Liabilities. Failures.
$3,33.^,342
489
10,0U6,i 20
58.^
3tiri
2,713,811
.
Amount of
Liabilities.
747,714
171
4.9M.9-2
1,9.0.501
1,002.202
479
822
210
$3,149,365
10,052,517
4,198,326
902,590
4.118.726
1,323 04a
1,375,430
$24,756,172
2,519
$27,119,996
337
$2,606,401
325
$4,018i2O9
Ensrlaud 8tates
1,404
Middle States
1,677
Southern States
1,105
Southwe.stei-u States
499
Central States
1,756
Western 8tates
895
PacilioStates and Termor's. 647
$16,495,405
27,881,315
10,397.124
3.153.629
14.4i9.737
5,053,099
3,150,553
1,384
1,660
1,290
$17,512 266
42,969!931
Aggregate United 8tates... 8.083
New
Dominion
of
Canada
1,013
594
11.657 07S
3,964 618
l,4ti6
17,479'*>06
751
4
706
3,413',536-
$£0,560,862
7,851
$101,867,448
$8,149,327
1,029
$9,034,950.
970*398
THE CHRONICLE.
820
3 [PORTS OF OOLD
of failures by quarters for the three garters
years is as follows :
sixteen
last
the
of
The record
— Second Quarter.—
First Quarter.—*
-
«
Amount Of
No.
Tear*— Failures. Liabilities.
3,203 129,681.736
1886
3.007 82,161,782
1887
1888
1880
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
Third Quarter.
—
No.
of
Amount
l,0f>3
l,9or>
$20,752,734
22,976,880
29,220.370
2.241
2,292
22,856,837
2,162 27,466,416
2,529 50,248.636
2,119
22.086,881
3,109 121,541,239
2,735 37,601,973
2,855 41,026,261
2,695 40,441,547
2,880 43,684.876
34,498,074
3,031
2,081
14,910,902
2.438 41.724,879
2,424 24,101.204
1,932 $27,227,630
1,938 73,022,556
22,114,254
2,361
2.276 30,227,045
2,196 35.452,436
2,754 44,302,494
18,659,235
1,984
4,015 82,460,821
2,868 29,411,196
2,792 32,167,179
3,757 73,285,349
25,601,188
2,881
2,540 25,10»,778
17,640,072
2,001
2,519 27,119.996
24,756,172
2,324
Ooin.
1901.
mi nary ..
February..
March.....
June
July
August
September
mos
89,956 200000
».prll
May
Tot. 9
Three Month* Ending Srpt. 30.
.
Liabilities.
Manufacturert.
1,S2\246
2.679.M2
7
303>OO
4
210,188
6
52,21
4
8
78
72
8
7,40
3,298,243
8
190,321
88
1,124,764
6
85
43
as
24
210,4*1
8,339,905
9*9.684
40»,720
121,400
319,774
395,855
604, «59
630,443
14
164.07]
87
26H.960
177.209
818,692
307.159
45
8
8
29
6
17*
2»7,<U7
28,510
114.414
198.026
486,538
349,553
117,369
243,697
1.777,458
74
94
Total manufacturing..,
Iraders.
General stores
Groceries, meats and fish
.
Hotels and restaurants
Liquors and tobacco
Clothing and furnishing
Dry goods and carpets
Shoes, rubbers and trunks
Furniture and crockery...
Hardware, stoves & tools.
. .
Drugsand paints
Jewelry and clocks
Books and papers
Hats, furs and gloves
11
;>
088,3/0
76,640
80
69,000
409,614
32
6
2,078.218
2,498,708
541
11,067,389
607
12,617,390
428
6,407,977
226
428
99
170
160
78
63
29
66
62
1,192,945
1,346,510
1,249.870
196
1,102.643
1,571,066
641,889
1,066,910
1,147.872
1,080.724
661.176
249,680
874.041
880,588
198,001
60,734
260,953
2,8i8,994
167
448
86
198
1,601.219
222
Tota> commercial
6
41
16
16
6
129
1
Total trading
Brokers and transporters,
17
26
22
6
236
26
16
Allother
Liabiitiet.
67
and millinery.
& brick
No.
I
f
Hats, gloves and furs..
Chemicals, drugs & paints.
Printing and engraving..
Milling and bakers
Leather, shoes & harness
Liquors and tobacco
Glass, eart hen ware
All other
Liabilities.
127.176
1,210.044
tools
Wool'ns.c'rp'ts&knltgoods
Cottons, lace and hosiery
Iiumb'r,carp'nt'rs& coop rs
OlothiiiK
No.
9
21
iron, foundries and nails
Machinery and
1899.
19"0.
1901.
3 ;6,840
740,32(1
923,704
908.762
341,429
299,481
1,407,791
23^,445
145,684
144,497
18,000
2,600,886
1(6/95
498
88
198
118
98
68
34
6H
60
29
13
9
827
867.698
903.078
878,102
908.215
816.932
869,109
232.270
876,146
300,979
136,392
82,723
11,547
1,273,744
91
60
76
83
66
84
26
10
3
182
11,466.804
2,232,479
1,779
183
11.645.110
2,957,466
1,509
130
69
8,642,214
8,590,781
2,324
24,756,172
2.519
27,119,996
2,001
17,640,972
1.653
Note.— Iron, woolens and cottons include all the branches of tnosemanu
factures; machinery includes implements and tools; lumber includes saw
planing, sash and door mills, carpenters and coopers; clothing Includes millinery
and furnishings; hats include furs and gloves; chemicals include drugs, fertilizers, paints and oils; printing and books include engravings and maps; milling
includes baking; leatherand shoes includemakers of harness, saddlery, trunks
andrubbergoods; liquors include tobacco, wines, brewers and beer: glass includes earthenware, pottery, brick, lime and cement; groceries include meat
and fish; hotelsincluderestaurants; dry goods include carpets and curtains;
furnltureincludes crockery; hardware includes stoves and tools; and jewelry
includes clocksand watches. Brokers include all real estate, note, insurance
or produce dealers whose main business is notthe handling of actual products,
and transporters Include all except incorporated railway companies.
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCISCO.
Through the courte3y of the Collector of Customs at San
Francisco, we have received this week the details of imports
and exports of gold and silver through that port for the
month of September, and they are given below in conjunction
with the figures for preceding months, thus completing
the results for the nine months of the calendar year 1901.
The imports of gold were of very large volume, reaching
$5,024,825, of which $4,874,763 was in coin. Of silver there
came in $164,830, of which $159,818 was bullion. During the
nine months there was received a total of $11,842,362 gold
and $2,297,610 silver, which compares with §13,411,119 gold
and $2,119,413 silver in 1900. The shipments of gold during
September were $4,066, all coin, and the exports of silver
have been $1,076,035, of which $523,835 was coin. For the
nine months the exports of gold reached $239,956, against
$395,652 in 1900, and $4,505,818 silver was sent out, against
$7,580,140 in 1900. The exhibit for September and the nine
months is as follows
IMPORTS OF OOLD AND SILVER AT SAN FRANCISCO.
GOLD.
SILVER.
.
1901.
January.
$
2,666,060
February..
8,202
Maroh
April
.
679.252
326,055
10,495
490,750
17,823
July
August
1,465,926
September 4,874,768
Tot. 9
Bullion.
Total.
Ooin.
9
$
9
47,027 2,713,087 53,546
603,236 611,438
190,298 869,550
2,967
100,613 426,668 10,144
70,009
80,504 10,487
14,056 504,806 52,750
42,862
60,685 109,347
84,873 1,550,799 118,232
150,057 5,024,825
5,012
Bullion.
9
290,484
114,030
167,783
268,223
286,533
154,590
272,978
220,686
159,818
mos 10539331 1,303.031 11842362 362,485 1,935,125
Ooin.
Total.
Bullion.
Total.
9
69,760
56,000
373,000
415,630
443,934
891,000
157,000
434,700
552,200
9
172,582
57,593
418,066
476,837
452,389
504,635
404,755
942,926
1,076,035
239,956 1,612,534 2,893,224
4,505,818
9
9
102,822
6,004
1,250
1,593
8.882i
4,090!|
2,921-
205,597
'
2,060
5,085
4,066]
45,066
61,207
8,455
113.6S5
247,755
508,226
523,835
London, Saturday, October 5, 1901.
The stagnation in business has, if possible, been more pronounced this week than before. Members of the Stock Exchange complain that not for years has there been so little
doing; and bankers and merchants re echo the complaint.
Everywhere there is a depressed and anxious feeling, mainly
because of the neglect of the Government to take the necessary measures to bring the South African war to a speedy
conclusion. The supporters of the Government are quite as
much
irritated as their opponents,
admit
in conversation that a
and everybody is ready to
complete change must be made
in the Cabinet. How it is to be brought about is not very
plain at present; for so far as one can judge from the utterances, they are quite satisfied with themselves; but for all
that the impression is general that the resignation of Lord
Salisbury is imminent; that with him most of the old men
who are far too numerous in the Cabinet will have to retire,
and that more active, younger and more business-like men
will be introduced.
The "break" in copper and the quietness of markets in
America have no doubt accentuated the stagnation; and so
beyond question has the depression that prevails almost
everywhere upon the Continent. Italy, indeed, presents just
now a pleasing contrast to most of her neighbors. She is
rapidly recovering from the long crisis through which she
has passed. Her trade is growing, her revenue is augmenting, and in every direction there is evidence of improvement;
her relations, too, with France are much better than the}*
have been for many years; and French investment in Italy
is beginning again, although as yet it is not on a large scale.
In France the immense accumulation of unemployed money
is as great as ever; but there is just as little inclination to
engage in new enterprise. Partly this is due to the illsuccess which has attended French industrial enterprises
during the past few years, and more particularly French enterprises in Russia. In Germany hardly a day passes without a
failure of some kind. Of late, however, no very serious suspension has occurred; but in numbers the failures are large,
and the distrust is as deep as ever. Bankers are discriminating rigidly both in regard to discounts and to loans, and
weaker establishments find it very difficult to get accommodation. In consequence money is abundant and cheap; but
investment is confined to the very best securities, and enterprise has been completely stopped.
In Russia the crisis likewise continues; and it is to be feared
that the bad crops this year will aggravate it. Perhaps the
coming loan in France will enable the Government to place
such orders that relief maybe given; but according to the
best information obtainable, the loan will not be brought out
until some time next year. The Government, therefore, for
the time being is unable to place orders, and there are loud
complaints that industry of every kind is paralyzed. The
same, no doubt, is equally true of Germany; but the German
Government is better in funds; and accordingly the Government railways are beginning to spend more freely so as to
afford
MONTHS.
Ooin.
HILVKR
[From our own correspondent.
We take from Dan's Review the following statement
showing the failures in the United States by branches of
trade for the three months ending September 30 in each of the
last three years:
FAILURKS BY BRANOIIKS OF BUSINESS.
No.
Bull'n
9
9
6,004
1,250
...
8,882
4,090
....
2,922
- .
5,597 200000
2,080
• ..•
5,085
* > .
4,068
....
I
FAILURES BY BRANCHES OF TRADE.
From Dun's Review.
AMD SILVER FROM BAN FRANCISCO.
OOLD.
MONTHS
Failure*. Liabilities. FaUures. Liabilities.
38.884,789
42,072,516
37,852.968
42,167,681
39,284,340
47.338,300
64.137,333
47,813,683
57,425,135
48,007,011
32,046,565
27,152,031
33.0Z2.S73
31,703,486
2,948
3.311
3,223
3,545
3,384
3,202
4,304
3.802
4,031
3,932
3,687
2,772
2,894
3,835
.
Amount of
NO.
[Vol. LXXI1I.
Tod..
some
Owing
relief to industry.
to the prolongation of the military operations in
South Africa, it now looks as if the Government would have
to borrow again. When the last loan was issued, everybody
hoped that it would cover the total military expenditure; but
at present it looks as if the struggle might go on for months
At the same time, the Government will probably be
yet.
able to meet all demands upon it for the remainder of this
year; but if the struggle goes on into next year a loan will
2,297,610 almost certainly have to be issued in February or March.
9
344,030
114,030
170,750
278,367
297,020
207.340
382,325
338,918
164,830
October
THE CHRONICLE.
19, 1901.]
The great French banks are still buying sterling bills; and
they are Increasing the amounts they are employing npon the
Stock Exchange and elsewhere. Never before has so much
French capital been employed in London; and unless there is
a quite unexpected change, the amount will be increased as
the year advances; for, as pointed out above, there is a total
disinclination in France to engage in
new
and ex-
enterprise,
cept in Italv the economic condition of all the neighboring
ContineLttil countries is such as to deter the French banks
from employing money in any of them. It is true that a few
small loans for Continental countries are being brought out.
Denmark and another is coming for Bulgaria; but they are of such small amount that
they very slightly lessen the plethora of money in Paris. As
One was
week
offered this
for
matters stand, consequently, the only country in which the
vast surplus can be employed is here.
Unless, then, a very strong demand should spring up in
New York and gold should be taken in large quantities, it is
reasonable to expect that money will continue both abundant
and cheap in London for the remainder of the year. It is
true that duriDg the past fortnight there has been a marked
rise in the price of wool, and that will lessen the receipts of
gold from Australia; while it will probably increase the
shipments of gold to Argentina. In Argentina the wool
"clip" is reported to be very large. Still, gold shipments to
foreign countries will not very much affect this market, provided always that shipments to New York do not become
It is not thought probable that much gold will go to
large.
Germany, and gold is more likely to come from Russia than
to
in India is practically at au end and
the prospect for the future is good, money is still plentiful
and abundant. It is expected, however, that there will be a
marked rise in rates in the course of November. Even now
gold is beginning to be received in India from Australia,
about £200,(00 having been landed this week; and possibly
more will soon follow. The India Council continues to sell
It offered for tender on Wednesday
its drafts fairly well.
40 lacs and the applications exceeded 1,100 lacs. The total
amount offered was disposed of at about Is. 3 31 32d. per
rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, the prioe of oonsols, &c
1901.
Circulation
Public deposit*
Other deposits
Government securities
Other securities
Reserve or notes and ooln.
Coin & bulllon.boih departm'ts
Prop, reserve to liabilities.. p. o.
Bank rate
percent.
Oonsols. 2H percent
Silver
Clearing-House returns
The rates
Oct. 8.
1900.
Oct. 8.
1899.
Oct. 4
%
J
M
4
:W.6i6..-76
10.874,681
41.201,129
18,023,113
27.168,440
*5.an r.,7 1
3b,157.624
30.527,720
6,S12.0fl
43.674.W17
16,681.760
29,« 17.307
22.218,682
34,971,302
28,841,716
0,600,637
«b%
28,180,406
8,176,639
87,729,586
14,241,640
29,083,904
20,3h6,687
81,746,948
44%
41,611. 404
16,765,436
S3,73tf,6«2
20.651.217
82.6W2.932
W%a.
103
199,604.000
216.437,000
as follows:
Interest allowed
tor deposits by
Open Market Rata.
London.
Bank
At
Trade Bide,
Bills.
e
05
Sept.
"
«
"
Oct.
3 .Months.
2%
3
8 11-16
8 16-16
2*
2H@2
The Bank
3Mos.
2H@3
8 16-16
8 6-16
3
a
6 Months.
2H@1H
7 3
14 3
31 3
88
5
4 Months.
6-l«
2K®2H
8X@2«
4
Joint IMs' tH's
Stock At 7-14
Mo»- Banks Call Dat/i
3M
3@3%
3@3^
8V4@3^
2%
rate of discount
109 13-16
27 13-18d.
197,612,000
2f*d.
217 ,4u4.O00
a
UH
s
*m
6
£M$
93 6-16
1898,
Oct. 6
J
3
money have been
for
IX
IX
IX
IX
3@3M
IX
IX
Ifc
IX
1*
IK
IX
IX
1H
and open market rates at the
Sept. 27.
Oct. 6.
Bank
Open Bank
Open
Rate. Market Rate. Market
m
Madrid
Copenhagen.
IX
3
3
4
4
8
4
2»4
3
3
3
2X
2X
4
3
3X
»X
sx
2X
2X
3%
3
3
4
S%
nom.
6X
4
6
..
Open
Rate. Market
4
4
Petersburg.
Bank
3
4
St.
Sept. 20.
2^
2H
3
4
6
GOLD.
London Standard.
3
4
nom.
6X
4
6
5X
4
4
5
5
IX
2»
2%
2H
2X
2X
8%
nom.
4
5
Bank
Open
Rate. Market
1%
2X
2X
2X
2X
3
sx
3X
3X
3
3
2X
•X
4
nom.
5X
4
5
4
6
&
Messrs. Pixley
Abell write as follows under date of Oc
tober 3
Gold— Excepting the arrival from the Cape, the supplies have been
on a very small cale and have been eagerly sought after for Austria.
The Bank has received £15,000. while £150,000 has been withdrawn
for Egypt. Arrivals: Cape, £102,000; Vera Cruz, £42.000 total,
£144,000 Shipments: Bombay, £25,000; Colombo, £8,1 00; Calcutta, £5 000; total. £38/00.
Sliver— A fairly large business has been done for the East, but with
rather weaker rates the demand, except for forward delivery, has
almost ceased. There is still a good inquiry for November and December shipments. Indian quotations are weaker and are now Rs. tjs XArrivals: New York. £224,000. Shipments: Bombay, £50,000 Cali
;
;
cutta. £45,000; China. £12,000; total. £107,000.
Mexican Dollars— The market Is slightly weaker and the nearest
price Is 267 ia d. sellers. Shipments China and Straits, £4 5,000.
:
8r.pl.
SlLVKK.
Oct.
3.
26.
London Standard.
3.
s.
d.
76 b\
76 6%
or 76 6X
Japanese yen
d.
9.
tfirm'n gold OOln.OZ.
- rr ni'li gold OOln.OZ.
•-6.
d.
d.
77 10* Bar silver, line... oc.
76 5
Do 2 mo. delivery
76 5Xi Bar silver, contain 1
2-0,
do 5 gre. gold
76 5X
do 4 grs. gold oz 27X
76 5
do 3 grs. gol'l (iz
V
I
26 ^
27 »b
i.
Cake silver
oz
Mexican dollars. oz
The following shows the imports of cereal produce into the
Jnited Kingdom during the four weeks of the season
•ompared with previous seasons
IMPORTS.
1901-02.
1900-01.
6,273,200
1.408,500
1,951,800
114,210
188.500
4,044,800
1,499,800
imp'tsof wheat, owt. 4,763. 100
Barley
2,640,800
Jats
1,552,100
138,900
Peas
Beans
301,500
Indian corn
3,694,700
FlOUT
1,395,000
1899-00.
4.473.700
1,234,600
1,473,100
1898-99.
67,5(0
2,071,400
1,225.470
155,960
4,'.
205,900
100,200
'20s, 470
4.429,500
1,941,800
4,i:>6,800
1,488,400
Supplies available for consumption (exclusive of stocks on
September
1):
1901-02.
Wheat Imported, owt. 4,763,100
imports of flour
1,395,000
home-grown. 2,900,000
Sales of
1900-01.
6,273,200
1,499,800
1,754,705
1899-00.
4,473,700
2,739,287
1898-99.
4,267,500
1,488.400
1.994,538
9.527,705
9,154,787
7,750,428
Total
9,058,100
wheat, week. 25s lOd.
average prioe, season. 26s. Id.
4.ver. price
28s.
28s.
l,94l,>-00
4d.
6d.
25s.
25s.
4d.
3d.
25s.
26s.
5d.
6d.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week.
Wheat
\
oan
w .wo
^«
qrs...
660,000
qrs
Flour, equal to qrs
>
Aft/1 5
\
Last week.
1,935,000
325,000
660,000
1900.
1,925,000
1899.
1,645,000
310,000
965,000
360,000
720.000
KiiKllaa Financial markets— Per Cable.
The daily closing quotations for securities, etc. at London
are reported by oaMe as follows for the week ending Oct. 18.
,
LONDON.
Sat.
per ounce
d.
Consols. , new. 2 % p. ot b.
For account
IVohrentesunParisJfr.
Spanish 4s
26 38
93a 16
Silver,
Anaconda Mining
A.tch.
&
Top.
Santa Fe,
Preferred.,
Baltimore & Ohio
Preferred
Ohio. Mil.
&
& Rio
Den.
Do
St. Paul...
Gr., oom....
do Preferred.
Erie,
common
71*
81
99%
pref.
Pacific, pref.
Northern
Pennsylvania...
Phlla.
ARead
*Phlla.&Read.,lstpref
•Phila. & Read. 2d pref
Southern Pacific
South'n Railway, com.
,
Union Pacific
Do
15X
28
Do
Do
do
pref..
"
Deb.
"B"
26*8
93 X
93& 16
931 1S
93
93 X
98X
7%
113%
46»8
46X
23%
46 X
44%
x95
38%
60%
105
96X
96X
113X
46X
23
171
46
23
169
46%
433a
72 X
57 o%
71
»8
149X
149X
106
106*8
57
24X
15%
27X
54
161
34X
57 X
92 X
39
91
99»8
104X
95 X
39X
26%
34X
sox
99%
81X
95%
2078
61
7X
738
80%
99%
104%
96%
113%
213s
21ia
preferred
2( »
92X
xlOIX 101X
75 X
74%
103X
Wabash
26^16
43^
89
Preferred...
263s
933 16
269 16
933a
937 16
95%
42X
71%
47
96
54ia
Preferred
Y. Cent'l & Hudson.. 162
». Y. Ontario & West'n 35
Norfolk & Western
57*3
do
Wed.
167%
BT.
Do
Tutt.
170X
72 78
1st preferred
2d preferred
58
150i«
Illinois Central
Louisville & Nashville.. 107X
Mexloau Central....... 24X
Mexican National
Mo. Kan. & Tex., com..
Mon.
Tkurt.
M
93X
10085 00-52X 100*0 10045 0035
69
69
68%
68 78
69
105
96 X
Canadian Pacific...... 114
Chesapeake & Ohio.... 47
Ohlca. Great Western.
23
Preferred
U. 8. Steel Corp., com..
Sept. 18.
Oct.
oz. 77 11
Jar gold, fine
U.S. gold ooln...oz. 76 6
v
lfc
ohief Continental cities have been as follows:
Rates of
Interest at
The quotations for bullion are reported as follows:
Halze
go thither.
Although the drought
821
263a
60*8
33%
89X
X
90 X
101
4*38
58
149
105 7a
24X
15X
24
15X
27
54
161
34 X
57 X
27
53X
160X
34
57
21
39 X
W2X
101X
76X
20%
39X
2b»a
26»8
92X
101X
74%
60 ^
62X
33%
88X
10
3J38
b8X
%
101X
90 ^
bOX
44
45
4438
94%
20X
95%
38
59%
7X
*-0?8
99X
U5X
96 X
113
46X
rn.
93i ia
42X
69X
C0
7X
80X
99 X
105X
96X
llbX
46X
23
23
170X
170X
45 X
94%
42X
71X
56X
45X
94%
42X
71X
J6X
148%
150
10578
24
106X
14X
26X
52X
14%
25%
51X
161>«
1601*
34
34
57*8
92ia
573s
101X
23
92X
K3X
20%
75 X
20 X
Si
39X
75 X
's
263s
2t3s
61
61X
33X
SSX
3-38
f-9
iOIX
102X
90X
44X
90X
44%
95X
95 X
95
21
20S8
38%
60X
38
203s
371a
60
59X
203b
37X
59X
Prioe o«r snare
* ommerttal and ^Vtstc Ua uco us iicxu s
National Banks.— The following information regarding
national banks is from the Treasury Department.
NATIONAL BANKS OKOANIZED.
Certificates Issued September 23 to Octobe5,975—The Cordele National Bank, Cordele. Georgia. Capital, $50,000President; B. H. Palmer. Cashier.
Bank of Hoti-hklss, Colorado. Capital,
$25,000. Wilson L. Savage, President; John E. Hanson,
Cashier.
5,877—The First National Bank of 8heriden, Pennsylvania. (Po»t
Capital. $50,000. H.
Office, Sheridanvllle, Pennsylvania
E. Clark, President; T. Ure Williams, Ca-hier.
5,978— The First National Bank of Prinoeton, Wisconsin. Capital,
$25,000.
Gottlieb J. Krueger, President; Heury Dehde,
Cashier.
5,979-Th? Commercial National Bank of Charles Citv. Iowa. Capital,
$50,000. George E. May, President; J. Hecht, Vice-President; F. C. Fisher, Cashier.
5,980— The First National Bank of Northwood, North Dakota. Capital,
$25,000. H.J. Haskamp, President; Ar hur B. Landt, Cashier.
5,981- The First National Bank of Paulsboro, New Jersey. Capital,
$30,000. B. G. Paid, President; C. B. Staokhouse, Caehler.
,
5,976-The
First National
)
THE CHRONICLE.
822
First National Bank of Waklta. Oklahoma Territory.
Capital, $25,000.
C. E. Wetinore, President; H. A. Bull,
5,982— The
5,983—The Pint National Bank of Jackson, Alabama. Capital,
$25,000. A. M. WIuk, l'resiilont; B. H. Warren, Cashier.
5,984— The Old Town National Bank of Baltimore. Maryland. Capital,
$200,000. Jacob W. Hook, President; Milton B. Williams,
Town Bank of Baltimore.
OOBPOBlTI BXISTBROB Of NATIONAL BANKS KXTKNDKD.
Mew York City Clearing House Hunks.— Statement ot
mditlon for the week ending Oct. 12, based on averuge of
dally results.
We omit two ciphers (00) in all cases.
BANKS
Capital. Surpluf
2,615-Tiio Citizens' National Bank of Saratoga Springs, Hew York,
until close oi business September 20, 1921.
2.572-The Farmers' National Bank of Cambridge, Illinois, until olose
of business Out. 1, 1921.
2,609—The First National Bank of Sultsburg, l'ennsylvanla. until
close of business October 1. 1921.
2,571— The First National Bank of Glencoe, Minnesota, until olose or
business Ootobcr 6, 1921.
APPLICATIONS TO CONVERT STATE BANK.
Approved September 12 to September S3.
Ti't Citizens Bank of LongJBraneh, New Jersey, Into the Citizens'
National Bank of Lor r Branch. Capital, $100,0t0. Blanks sent to
H. B. Sherman
Jr., Cashier.
of Loveland, Colorado, into the First National Bank of
Capital, $50,000. Blanks sent to C. V. BeHSon, Loveland,
_
The
The Farmers & Merchants State Bank of Hamburg. Iowa, into
Farmers National Bank of Hamburg. Capital, $1 0,000. Blanks sent
to C. D. Butterfleld, Cashier.
Imports and ExtORTS for the
Week.— The
following are
the imports at New York for the week ending for dry goods
Oct. 10 and for the week ending for general merchandise
Oct. 11; also totals sinoe beginning first week January.
FOREIGN IMPORTS.
'
For week.
1898.
1899.
1900.
1901.
$2,249,674
8,087,589
$1,739,790
8,100,555
$2,373,118
9,020,145
$1,703,039
7,246,447
$10,337,263
$9,840,345
$11,393,263
$8,949,536
$84,140,640
350,927,693
1893,742,508
882,126.576
321,718,310
$74,394,924
263,047,167
1.
Gen'l mer'dlse
326,842,110
Total 41 weeks «435.068.333 *420.584.618 S403.844.8S6 $337,142,091
for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
•pecie) from the port of New York to foreign ports for the
week ending Oct. 14, and from January 1 to date.
EXPORTS FROM HEW YORK FOR THE WEEK.
The imports of dry goods
In
For the week..
Prev. reported
25-6
19558
1,9500
28.520
16.360
422,7
450,0
200,0
6124
1,000,0
3,000,0
600,0
Ultlsens*
600,0
Nassau
600,0
Market A Fulton
900,0
3hoe & Leather. 1,000,0
Oorn Exohange.. 1,400,0
Oriental
300,0
[mp't*rs*<fc Trad. 1,600,0
Park
2,000,0
1,025,8
6,855,2
America
Phenlx
City
Chemioal
Merchants' Ex..
Gtallatln
Butch. <fe Drov'e'
Leather M'f'rs..
State of N. Y....
A merloan Exoh.
Mercantile
Paolflo
Chatham
People's
North America
Hanover
.
Irving
East River
250,0
Fourth
8,000,0
1,000,0
Central
decond
300,0
Ninth.
750,0
First
10,000,0
300,0
N.Y.Nat'lExch.
Bowery
250,0
200,0
N. Y. County....
German A inert.
750,0
Chase
Fifth
1,000,0
100,0
Avenne...
Gterman Excn...
Gtermania
Lincoln
200,0
200,0
300,0
aarneld
1,000,0
BANKS.
Capital.
$9,725,643
392,905,083
$12,052,103
414,952,979
88,406,667
355,031,613
$10,124,415
357,322,385
NlW fOEK City
Week.
9
West Indies
2,000
All other countries.
Total 1901
Total 1900
Total 1899
Since Jan. 1.
$1,764,851
18,209,788
7,384,567
668,587
48.868
30,515
1,114,000
$2,000 $31,319,076
13.334 47,269.839
4.054 25,8*3,523
Week.
Since Jan. 1
$244,196
1,178,858
1,420.061
$66,151
25.094
2,959,836
$3,996,142
1,778,044
13,258,798
Export*.
396,049
681,714
75,264
Import*.
Silver.
Week.
Great Britain
.....
Germany
West Indies
Mexico
South America
Ail other countries.
Since Jan.
1.
$681,470 $37,071,731
697,495
2,220
246,997
21,250
1.016
2,491
$6=11,470 $38,043,200
1,118.716 40.499.149
964.4 65 36.597.819
Borough of
Manhattan,
Week.
9
590
66.286
66,903
$133,779
35,146
79.752
Since Jan.l
$25,283
4,720
223
225,006
2,172.826
496.248
35,706
$2,960,012
3,762.620
3.130.338
Of the above imports for the week in 1901, $46,355 were
American gold coin and $3,390 American silver coin. Of the
exports during the same time $2,< 00 were American gold
com,
616,8
554,1
3,411,2
7,091,6
1,587,3
1,361,8
977,9
350,8
475,3
382,6
289,8
1,012,2
226,0
1,849,7
406,9
6.104,4
3,968,7
160,9
2,563,2
585,2
996,0
71,6
11,407,9
128,3
743,7
604,2
401,8
2,657,3
1,407,9
584,8
866,7
1,014,8
1,158,1
371,7
1,110,7
3,861/
185,9
4,181,0
14,265.0
130,7
4.129,5
1.763.0
1.536,0
364,6
20,301.4
638,2
353,0
810.6
659,6
11,156,2
2,291,8
209.9
413,7
1,840,0
1,411,8
611.2
1,298,6
403,0
1,758,0
8,263,6
538,0
1,156,4
779,6
1,811,1
794,0
601,0
Sur- Loans A
plus.
25'8
277
23»
1.034.0
15.212,
2,505,4.
240.0'
21.093
21-8
4,84
27 4
i
5,932,7 133.280
2.568.7 24,450
553.7
6.404
958,3
7,162
70,2
1.284
260.0
2.880
198.0
948
183,0
4,176
358.9'
4,291
1,320.0: 24.51
6.816,9 60 470
345,2
6,571
1,615.9 15,038
381,8
8.311
938,2
8,211
424,9
2,775
1,208.3 12.081
6,082,7 53.237
464,1
4,63:
1
274,8
289,2
711,7
2P4.4
2,205,0
325.4
1,370.0
2,561,0
181,4
2,616.5
1.400,0
1,108,0
242,4
2,132,2
372,1
313.0
405.2
2-1,9
1,882,3
339.3
737,7
441,4
1,977,3
333,0
158,8
695,8
862,0
1.991,0
2,677,1
844.0
425,0
351,9
608,6
184.0
1C5.8
3.7 2
3,015
8,237
4,452
26.1 <2
1,988
22,331
61,179
1,294
24,577
13,189
10,349
2,284
78.339
3,869
3,359
4,647
3.461
49.446
10,131
3,187
4,822
16,994
7,778
2.489
7,868
3.048
14,917
12,874
4,943
6,114
4,817
9,258
4,221
1,977
296
31-4
26'8
271
25-7
17-2
31-8
25 2
212
31-3
213
310
26-2
18-5
26'3
20-8
25
29-2
23*6
24-6
18-2
29-
24-1
23-2
25-7
24-8
274
240
274
23'9
25-5
26-6
29-8
260
19-8
281
24-2
26'3
26'9
29-7
18'4
23-8
22-4
269
24-6
250
26-1
25-6
27-9
25-8
260
239
226
80S
I
Leo. T.
%
*
>
Jolumbla
Deposit with
.
Net
Invest- Specie. <&Bk. Clear'
Othei Deposits
ments.
Notes Agent. Bks.ic
100,0 140,9 1760,6
32.8
300,0 217,0 2563,0 140,0
Sleventh Ward.... 100,0 126,5 1479,5
67,6
Fourteenth Street 100,0
66.2
82,3 1326,9
200,0
Jansevoort
20,0 1382,1
19,8
200,0 100,0 1536,3 105,8
HCamUton
250,0
89,5 2313,2 136,6
Mount Morris
200,0 163.7 1443.6
32,0
Mutual
200, U 147,8 1526,6
24,8
Nineteenth Ward.
100,0 222,6 2395,0 149,1
Plaza
100,0 129,6 1038,9
19,5
Riverside.
100,0 283,8 3601,0 2990
State
200,0
34.6
42,7 1408,3
rwelith Ward
75,4 1023,6
49,7
r wenty -third W'd. 100,0
200,0 369,1 2420,4
42.1
Union Square
1469.9
100,0
223,3
71,9
forkville
703,8
100,0
30,3
8,1
Washington.
200,0
437,4
96,1
9,3
Fidelity
900,7
100,0
69,1
12,7
Vartok
631,5
200,0
64,1
5,0
Jeflerson
62,2
192,0
100,0
Century
5,8
644,9
300,0
11,6
49,8
Nat. Commercial
Colonial
<
1
.
$
149.5
105,0
60.3
60.6
69.3
1040
86.1
117.4
160.7
288.0
85.6
1510
173.6
130.8
231.0
141,8
44.1
28.0
60,9
62,2
23.3
14,7
%
215,7
178,0
195.9
191,0
148,0
145.8
137.8
205.3
399.8
»
$
0,4
0,2
1925,0
2657.0
1367,7
1467,8
1488.1
1761,0
2767,6
1801,2
1987.1
2752.0
1088,7
4064,0
1809.8
1387.5
2717.6
1476,3
683,2
374 4
933,9
678.9
52.8
411.5
157 5
284 9
100.5
5.7
25,3
17,1
66,9
1337,0
1878,6
1103.8
383,4
891,0
781,8
3427,3
4348.8
1029.9
783,7
4087,0
3186,0
846,3
1033.2
532,9
1042,7
592,6
753,6
839,6
8.0
25,0
2,7
60
62,2
185.3
109,2
143
77.4
125,0
91.6
202,9
91.4
98,4
46,0
65.2
111,0
112,6
28.2
83,6
133,0
104.6
10.0
6,6
90.1
Boro'h of Brooklyn,
Bedford
$45,863
11.530
8,758
258,8
1,964.7
73,1
133,0
181,1
2.612.0
2.727,3
1,089,0
83,448,7
6,132.5
872,9
985,2
256,0
241,0
104.0
872,7
551,2
6.386.0
8,081,5
1,891.8
2.252.0
187,3
702,9
152,9
1.809,1
9,451.4
624,2
635,6
285,8
1,108,7
780,1
1
Reports of Non Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Oct. 12, based on averages of the daily result.
We omit two ciphers (00) in ail cases
(00i omitted.)
Gold
7,000,1
12.970,6
14,704,0
18.958.1
4,832,0
118.411,9
23,801,8
6.053,7
8,948,0
1,129,2
2,547,0
1.012,5
4,385,8
4,436.3
29,242,0
70,716.7
6,456,8
14,248,2
2,751,7
6,067,7
2,253,7
11,724,6
46,753,3
4,501,0
3,327,1
8,779,2
5,849,8
3,973.8
22,328,0
2,038,2
24,180,0
48,751,0
1,190,3
22,923.5
10,740,0
9,393,0
2,084,2
76,178,6
3,688,3
3,215,0
3,951,0
3,592,7
40,871,1
9,019,5
2,413,8
3,116.7
13,650,4
7,770,3
2,15 3,9
6,924,5
2,837,0
12,658,0
36,428,4
4,541.0
6,305,7
4,401,3
7,957,6
4,312,0
2,636,4
•-•
81,722,7 98,843,7 870,900,7 1826019 70,653,5 942,688,9 26-8
Total
1898.
Import*.
257,8
6,630,3
200,0
300,0
436,6
200,0
Jeaboard.
500,0 1,015,8
Western
2,100,0 2,378,2
520,4
1st Nat., B'klyn.
300,0
759,0
Liberty
500,0
443,4
N. Y. Prod. Ex.. 1,000,0
603,3
NewAmsterdam
250,0
416,5
Astor
360,0
369,1
600,0
Hide <k Leather.
Bank oi Metrop.
West Side
1899.
Export*.
Total 1901
Total 1900
Total 1899
P.O.
1,688
1900.
Note.— As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also oompiled by the Custom House, we shall from
time to time adjust the totals by adding to or deducting from the
amount "previously reported."
The following table shows the exports and imports of
peoie at the port of New York for the week ending Oct. 12
and since Jan. 1, 1901, and for the corresponding periods tn
1900 and 1899.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
>
•
1,770.11
1901.
Total 41 weeks $402,630,726 $426,005,082 S363.438,28o'$367.44 6,800
Wranoe...,
S
2,14'-!.
1,130,7
2,317,2
3,097,0
Firth
Dry Goods
t
3,275,0
5.973,0
2,000,0
2,000,0
1,600,0
1,000,0
10,000,0
300,0
800,0
1,000,0
300,0
400,0
200,0
600,0
1,200,0
6,000,0
10,000,0
1,000,0
1,000,0
Island National Bank of Providence, Rhode Island,
has gone into voluntary liquidation by resolution of Its stockholders dated September 5, 1901, to take etf-'Ot immediately.
565— The Second National Bank of Providence, Kh»de Island, has
gone Into voluntary liquidation by resolu'ion of its stockholders dated September 5, 1901, to take effect immediately.
1,030— The National Eigle Bank of Providence, Rhode Island, has
gone Into voluntary liquidation by resolution of its stockholders dated September 5, 1901, to take effect Immediately.
*83— The Rhode
Total
Since Jan.
Deposits
$
Merchants'
Meohanlos*
Commeroe
Broadway
Qen'l mer'dlse
LfQili.
of N. Y.... 2,000,0 2,156,2 19,610.0
Manhattan Co... 3,050,0 2.093,0 23,720,0
Heoh.A Traders'
9reenwloh
Dry Goods
Specie
Bank
LIQUIDATION.
1,306— The Pou^hkeepsle National Bank. Poughkeepsle, New York,
has gone into voluntary liquidation by resolution 01 its stoOKbolders dated September 10. to take eflVot September 14,
Loveland.
Colorado.
Mini.
Conversion of the Old
Cashier.
The Bank
LVol. LXXIII.
Broadway
Brooklyn.
eighth Ward
Firth
Avenue
Kings County
Manufaot'rs' Nat'l,
Mechanics
Meoh's'
A
Traders'
Merchants'
Nassau National..
National City
North Side
Peoples
Seventeenth Ward
dprague National
.
Twenty -sixth
Onion
Wd.
Vallabout
Borough of
Richmond.
Sank of Staten Isl
lstNat.,8tatenlsl
Other Cities.
1st Nat., Jer. City.
Hud. Co. Nat., J.O.
3d Nat., Jer. City..
3d Nat., Jer. City..
lit Nat., Hoboken.
2d Nat., Hoboken.
1188.1
160,0
100,0
300,0
100,0
100,0
150,0
252,0
500,0
100,0
100,0
300,0
300,0
100,0
100,0
100,0
200.0
100,0
100,0
100,0
126,1
180,3
167,4
34,3
73,9
61,0
437,3
360,6
186.8
23,8
325.8
573,6
144,7
123,9
78,2
243,3
54,2
60,6
55,9
1089.3
353,3
739,8
713.6
2706,6
4016,9
962,6
736,4
3808,0
2726.0
888,3
965,8
642,3
1173.8
607,9
662.3
837,7
26,0
100,0
68.5
86,3
611.8
755,8
13,8
14,0
66,5
16460
99,5
189,7
40,6
40.9
101,8
13.8
31,8
37,7
63,7
29,6
183,0
48,8
74 9
107,9
492.0
343,3
91,8
71,6
467,0
662.0
54,9
41.2
78.7
162,4
143,7
61,6
55,8
18.8
37,4
33,0
25,0
176,4
147.2
30,0
400,0 907,7 6202,0 227,9
250,0 600,1 2267,3
72,7
250,0 303,1 1268.1
67,9
200,0 242,6
986.3
38,1
110,0 489,2 2147,8 104,9
125,0 113,8
965.0
28,8
184 8
828.8
139,7
138.7
334,8
142.8
67,7
808.0
60.8
4,6
36,1
35,2
346.8
170.8
19,2
9,1
187,0
124,0
9.3
32,3
,
8.1
335
28.9
184,5
187,4
74.8
53.8
302
250.0
60.3
63,9
49 5
9,6
16 9
87,3
22.4
67,9
344
31.0
10,0
109,6
42.0
60,0
72 7
87.9
14.4
43.0
2,2
81,2
84,7
795,3
780,2
....
6069,7
1875,8
1048,8
1125,1
1H50.3
828,8
83,2
89.6
1,1
Totals Oct. 12.. 8262.0 9117,6172632,6 3231,3 4539,3 8455.1 2455,1 78594,2
Totals Oct.
5.. 8262,0 9101.2 71355.1 3107,1 4186.3 8568,0 2140.0 77347,5
Tornlo Rent. 28 1*282.0 0101 2 70729.9 3038.1 1026 3 8061. 71 1831.1 5301.6
'
OCTQHEB
19,
New York
we
furnish a
summary
House Banks
New
of
Capital A
Surplus.
Banks.
H. V.'
& Philadelphia Buiikn. Below
of the weekly returns of the Clearing
York City. Boston ami Philadelphia
Huston
ity.
t
THK OHKONICLB.
1901.
Loan*.
Specie.
Legale.
Deposits*
CHrcTti
Clearing'
9
$
9
9
9
122HS80H
13 140283
12828032
t
$
I
177.834.V 86V949.2 1764018
28.. 177.934..: 8d7.t5(i»,7 178H3114
6.. 177.W44 -l 8"3.668.2 18t'3546
Ben. 21.
*
Oct.
-
1«.. 18l\Sd<i.4
70.H4a.9i930.3Hl.'.' 31,098.3
71.4H9.7 03d.452. 30.872.
71.003.7 0«3.6!>3
30.618 1
70.H53 5 042.088.9,30.083.8 l3,!ltJ44
ft
1
870,900,7ilH26U19
Boa
67.632,i» 192.923,0 18.933,0
B7.632.H 192. 196.0 17,857.0
67, tii'2, V 193,67:, ,0 17,991,0
Sept. J8..
Oct.
6..
"
ia.
7.424.0 316.
7.320.01310,283.0
7,740.0 aao.aof.o
I
>
Coinage hy United States .minth.— The following
,
;
M
September, 1901.
Mom\s
1001.
Denomtnationi.
Value.
Pieces.
8,078 01138.146 7
8.065.0|147.318.4
8,066.0 144.300,0
state-
kindly furnished tin by the Dire, tor of the Mint, shows
the coinage at the mint! of the United Btatee duiing
Reptember and the Dit>« months ol 1901. For ttatetnent if
An, /unt, 1001, fM Chroniclb
otember 28, 1901, p
:7, 1900, t ni,, r "44.
«46 that of September, 1900, U6 Oct* In
tnent,
rxetes.
Va<u4.
9
Doable eagles
Ftallii.-
207,801.0 9,817,0 109.317.1
Hept.as.
66.717.0
38.716,3 176.188.0
306,860,1
9,839,0 115,311 8
66.748,0
Oct,
6..
38,716,3 176.613,0
"
206.668,0 9,846,0 96,323,0
6:*.403.0
13
38,716.3 177.41P.0
• We omit l\oo ciphert in all these Hfflsret.
due to other banks.'
Inolndlnii for Hobi.hi and Philadelphia the Item
S
4
244,003
80
2.440,030
332,00f>
1, 660,0;:
Ul 82,4 98 22. 649,91
:J.773.042 37,730,120
3,401. :*!.•> 17,0^4.-30
.'.
710
284
17
42
576,028
4,100,177
3,508,085
212.085
2.073,757
3,608,085
106,043
78,02
207,376
3.938.535
H.701,199
19.723,537
6,106,012
3,899,525
51,409,606 25,163,456
.
'
liOVEKNMENT KEVENUE AND EXPENDITURES. — Through
the
oourtesy of the Secretary of the Treasury, we are enabled ti
place before our readers to-day the details of Govemmen'
receipts and disbursements for the month of September.
From previous returns we obtain the figures for previous
monthe, and in that manner complete the statement for the
nine months of the calendar ytars 1901 and 1900. For state
ment of August,
1901, see Chronicle September!, 1901,
478; for that of Stptember, 19U0, see November 10, 1900,
947.
RECEIPTS AND DISBURSEMENTS (000 o.uiued )
— «D»
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EOEIPTS
o
Internal
—
Internal
ECBIPT8
o
b
9
miscellan
d
.
•
:
©c
aa
ff
1901.....
RlUEMP.F
«
Q
O
a
o
Amount outstanding
*
j
Legal Tender Notet—
notes Sept.
Amt.reissnedandbanKnotearetiredinSep.
........
>« W0 » U¥U
•'
„
&%
,,,,,..,,
°
i* 5 "
'
)
5
-
,
Q a{ ~ ,„. 7Q
"•""'"
Government
states
ment, the amount mentioned in above foot-note should be
added to the Receipts as indicated therein. We have deducted this item, as it does not belong to the regular income
account, and if included would disturb the comparison with
former and future vears.
Treasury Currency Holdings.— The following compile
tion, based on official Government statements, indicates the
currency holdings of the Treasury on the 1st of July, August
September and October. 1901. For statement for corresponding dates last year see Chronicle of Ncv. 10, 1900, page 947.
treasury net holdings.
.Tu.i/1.1001. Aug. 1.1901. Sept.l. 1901 Oct. 1.1001
„
_
Holdings in Sub- Treasuries-
According to the above the amount of legal tenders on
deposit Oct. 1 with the Treasurer of the United States to
redeem national banknotes was $29,985,481. The portion of
Ghis deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks reredncing or retiring their circulation, was as follows on the
first of each of the last five months.
Ineolv'ntbke
Llquld'g bR8.
Sed'o'gund.*
ftCtof
Netsilver coin and bullion
Net U. 8. Treasury notes..
Net legal-tender notes
Net national bank notes
Net fractional silver
10,790,202
Cash in Sub-Treasuries
Aooountin national banks
P07.8IO.6O0
101,4:6,07*
309.636,016
101.961.336
015,020.394
lt'3,036,!-34
2RP.870.7CH
108.514.459
409.3. 7.6"4
liabilities'... 82.474,440
411.F07.S61
84,328.474
41M.065.22H
88,003,672
408,39»,S27
8c,474,3*7
326.834,125
327,368,877
150,000,000
329,971, SE6
150,000,000
S19.010.kko
16u.0u0.00c
170.971,356
189,919.880
Cash
Deduct
In
248 605
7f'4
26.423.1J-1
SM2.7S6
14,21:- ,013
H.i.is.686
banks A sub-treas
current
Gold reserve fund..
...
160,000. 1 00
Available cash balance.
176.833.125 177,863.877
• "Chiefly disbursing officers' balances."
268.455,786
23,6Hti ,6:!H
i?a.68«
12,70b.3l2
0.H45.S4O
10.620,157
j
June
July
1.
Aug.
1.
Oct. 1.
Sept. 1.
1.
i
837,172
922,68V
755,4621
7,589,483 7,475,50t
797,186!
778,844
7,318,192: 7,630,764
8,389,443
1874 19,928,995 21,441,895 20,768 ,585i20, 614,6) 6i20,758,866
28,044,373 29.851 .503 29.113.530,29.012.804 29,985.481
Total.
5 Globe
Ins.
2
Rutgers
<fe
Son
148
20 Bowllug Green Tr. Co...l89»4
185
25 American 8urety Co
1 Cort. N. Y. Produce Exchange, all Bss'ts paid.. $125
10 Nat Bank ol Counueroe 376
12 First Nat. Bk.. N. Y.738 to 740
8 Germanla Fire Ins Co.. 301
Fire
51
Newport
Muller
Casino, $500
each
$321 per sh.
17 Lawyers' Mtg. Idh. Co..21r>3t
4 Brooklyn Trust Co
430%
1 N. Y. Produce Exch. Bk.153
Bonds.
234 Nat Broadway Bank
.427
$100,000 Pitts. Shaw.
6 Atlantic Trust Co
290
RR. 1st 58
1 N. Y. Law Institute
$123
Co.:
By Messrs. Richard V. Harnett
.
& Nor
63
&
Stocks.
100 Marine Sugar Co., of Marine City, Mioh., $10 each.
Baukittfl
Spencer
27
. .
.$1 per «nar«
and ffittauctaL
Trask &
BANKERS,
& 29 PINK STREET,
....
Co.,
NEW YORK
Transact a general banking: business; act as Fisca
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
1
2!M fl35.3;4
20, 924. SIM
81,210
C.flf.l.lfiO
INVESTMENT SECURITIES67
ch
9.51t ,834
,
H,075,8f6
&
Co
fl.
Stock
18 East River Nat. Bank.
.
20 People's Bank ot B'k!yn.20m
t
»
249.PE6,H8a
26,140,767
11S.O05
IS,!- 60,317
9,261,181
10.314.^23
and bullion
972,677
$29,985,481
bank notes Oct. 1, 1901
•Circulation ot National t*oia BanRe. not included in above, S-79 0t>5.
.
ftet void coin
$1,914,400
941,723
Amount on deposit to redeem national
Stork:
S
S
$29,012,904
1901
Auction Sales.— By Messrs. Adrian
.,.„,,,
»^,i^,o«i
j
1,
Amount deposited during September
>
,
$358,830,548
Disbun
,
.
O.t. 1,1901*
Dlsburc
Receipt Receipt
.
,„
Q - ( ,,, „ Q
x! >*' oa dl
*
' W1
4
*
1,411.393
'
at.Bk.
S
)
$357,419,155
$4,389,660
2,978,267
Amount on deposit to redeem national bank
?;
)
844.
'Aotof June 20, 1874, and July 12. las*.
EH
a
t
page
Amount retired during September.
CO CO
4^
the figures conform to the
1, and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank notes
up to Oct. 1. For statement of Sept. 1, 1901, see Chronicle
Sept. 28, 1901, page 646; for that of Oct. 1, 1900, see Let.
T5"a
and
Civil
8,160,402 120,416,949 103821488
13,547.241
Changes in Legal Tenders and National Bank Notes to
Oct. 1. — The Comptroller of the Currency has furnished
us the following, showing the amounts of national bank notee
September 1, together with the amounts outstanding Octobc r
•
—©
J3
o
Ctviland
1,252,172
•
e
00
a D' ducted fr m February, "Miscellaneous" 1901
Recplved on account of Central Pacific Indebtedness
• Deducted from March," viscellaneous" 1901
Received on account of Central Pacific Indebtedness
t Deducted f r. m June, "Miscellaneous" 1901
Received from sale of claim against Sioux City 4 Pacific
b Deducted from July "Miscellaneous" 1901
Received on account Central Pacific Indebtedness
t Deducted from February, "Miscellaneous" 1900
Received on account Central Pacific indebtedness
To make
a f e»
S5
;
EH
OS
aa ©a
©o
©CO
CO
E-i
U0.7C0 60,696,356
Deposits by-
JO.....
I8BUR8EMINT8190
6,865.200
A:S
•
5
I8BCR8EMENT819
a©
xa
— 05 a —
fa ox
05
p
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~S
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— CO
,
a
1900—
8
1
miscella
revenue..
•
o
1901—
•-.oo
a a
^.
©cocoaao X
— ao © — a
•
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"3
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a
a,
revenue.
.
co- ©O)
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t-coc-f-co
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OO & —
— CO f
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a
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acoTcao — 00
l-«03>0li. l«« a* aco *"
~
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00
a>
a
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a jua Ca© o X
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t>
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CO
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—
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H06.5U
445,661
no. ©©
t>a x «o
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xa
c.a Mf
1.969,267
2.175,300
1,972.354
115,06f 16,130,213
45,640 44,566,143
National Bank Notes—
A naoant outstanding 8ept. 1, 1 901.
Amount lHgued during rieptruiber..
—
l'J.04.
2,301,200
4,564,001
Flve-oent nlokel
27. 1900,
05
•a
19046,535
Ooe-oen t bronze
— -0 — a
— a m4ml
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312085
Quarter dollars
8,310,787 77,405,860
Members N. Y Stock Bxchanjre.
liran
&
1
Jb,
White,
BANKERS.
... MCWYOBK.
INVESTMENT SECURITIES.
.Members
No,
State St- Alb Any
Alexander M. White
George Barclay Muff at.
Moffat
Office.
New York
NASSAU STKEET,
Stoo» Exchange,
THE CHRONICLE.
824
—
United States Bonds. Sales of Government bonds at the
Board are limited to $1,000 4s, coup., 1907, at 112; $ ,000 3s,
reg.,at 107%, and $900 3s. coup., small bonds, at 106% to
attTtm' OSa^tte.
1
DIVIDENDS.
Name
of
HTUn
Per
Company.
Iron iU (St rum
Ga. Southern <fe Florida, 1st prof
do
do
do
2d pref
2
Nashua
44 Nov
It
ii
2 4 Nov
Lowell
Street Itnilwnvn.
Amherst (Mass.) & Sunderland
City & Suburban, Portland, Oregon
Nov
Nov
IV,
Milw. Elec.
14 Nov
Nov
4
14 001
4
Ry.«fc Light, pref. (quar.)..
Klectrlc, Brooklyn, pref
St. Charles Street (N. O ) (quar.)
United Traction, Albany, N. V. (quar.)
,
1
to
to
Nov
1
Oct 26
to
Oct 31
Oct 26
31 Oct 20
to
lo
Nov
Mlacellnneoan.
Ills-Chalmers, pref. (quar.)
1»4
Nov
3
Oct
do
do
21 Oct 16
1
14 Nov
I'll Nov
1
Nov
Nov
1
14 Nov
Land Assoc, com...
pref.(quar)
Steam Pump,
pref. (an.)
Proofing, pref. (quar.). ..
Steel, pref.
1
Oct.
Oct.
Oct.
Periods
13
14
IS
Oct 31
1
Holders of rec.
1 Holders of rec.
to
1 Oct 20
to
28 Oct 19
Holders of rec.
to
15 Nov 1
to
15 Nov 2
to
1 Oct 22
to
1 Oct 20
1
•
Nov
Nov
Nov
2
34 Nov
3
2
Oct 12
Oct
Nov
2a, 1930
registered
2s, 1930
coupon
2s, 1930 sma 1. registered
2s, 1930 .small
coupon
3s, 1918
registered
3s, 1918
coupon
8s, 1918, small. registered
3s, 1918, small
coupon
4s, 1907
registered
4s, 1907
coupon
4s, 1925
registered
4s, 1926
coupon
5s, 1904
registered
1904
5s,
oou? on
This
is
Oct.
for
Oct.
Oct.
16
17
18
•109
•109
•109
•109
•109
•109
•109
•109
'109
•109
Q—Jan
y-Jan
«100
'109
Q-Feb
•1074
•i'07'4
•ib"74
•i'0'7'4
•1074
•108
•108
•108
•108
•108V,
Q— Feb
Q— Feb
|Q— Feb
Q—Jan
;
107 4
1084
.......
•108
-112
CJ—Jan 112
|Q— Feb •139
jQ— Feb '139
108
•112
'112
•13(1
•139
•108
•112
•112
-108
•112
•112
•138
*139
•108
•112
•112
•a;138 •138
•139
1 89
•
1
Q-Feb •1074 •1074 •..'tt!>4 •106V, •106V,,
Q-Feb •107 Hi •1074 -1074 •1074 •1074
112
112
138
139
•106 V,
'107 V,
the price bid at the morning board; no sale was made.
1
1
134 Oct
34
Pennsylvania
Procter* Gamble, com. (quar.)
Pullman Co. (quar.)
Tenu. Coal Iron & BR., pref. (quar.)..
Oct 20
Oct 22
Nov
Steel Casting, com
1st pref. (quar.)
2d pref. (quar.)
Holders of rec, Oct 18
Nov 1
to
Oct 22
1
2
H. B.,
do
Flat Top Coal
do
do
International
National Fire
1
15
14 Nov
Ti ii-i Companlctt.
Hamilton, Brooklyn (quar.)
do
—
w Nm
Nassau
Oct 28
Oct 28
Oct 15
Oct 20
to
21 Oil 16
15
1 Holders of rec- Oct 18
Oct
Oct
2
2
HuMers
of rec.
4 Holders of rcc.
1 Holders of rec,
4
Nov
Columbus (O.) Ry., pref. (aw.)
Coney Island* Brooklyn (quar.)
Grand Rapids Ry., pref. (quar.)
Claflln,
Interest
i.
I
&
merican
108.
The following are the daily closing quotations
ytarly range see third page follouing.
Books Closed.
(Days Inclusive.)
Cent Payable
[Vol. LXXIII.
12
1
Oct 25
Oct 21
Nov 15
Nov 15
Nov 1
Nov 1
Coing.— Current quotations
Sovereigns
Napoleons
$4 85
3 84
X X Reichmarks
4 73
Pesetas
25
4 78
Spanish Doubloons... 15 50
Mexican Doubloons.. 15 50
Fine gold bars
par
®$4 88
®
@
©
3 88
4 78
4 83
®15 60
®15 60
®4prem.
in gold for coins
Fine silver bars
Five francs
Mexican dollars
Peruvian sols
and
bullion:
— 67 34@ — 59
— 93 @ — 95
— 46 ® — 48
— 42 ® — 444
V,
English silver
$4 81
United States trade
!
dollars.
®$4 85
-62 ®-70
State and Railroad Bonds.— No sales of State bonds have
been reported at the Board this week.
Transactions in railway bonds have been on a limited
WALL. STREET. FRIDAY, OCT. 18. 1901.-9 P. M.
scale, amounting to a trifle over $1,700,000, par value, on
The Money Market and Financial Situation.— The week
has been rather an uneventful one in Wall Street, and the Thursday. Sales were well distributed, however, the lists on
local financial situation is practically unchanged. At the Tuesday and Thursday being unusually long.
Union Pacific convertible 4s and Wabash debenture Bs
moment there is a somewhat better demand for high-grade
were
the active features, and both showed a tendency to
railway shares than of late, and the prominent feature of
the week has been a sharp advance in a few issues of the weakness. Fort Worth & Denver City lsts were notably
strong, and close with a net gain of nearly 4 points. Other
class mentioned.
It is in the air that changes affecting large-railway inter- changes in the active list, which includes Atchison, Burlington & Quincy, Consolidated Tobacco, Norfolk & Westests are in process of development, but all efforts to learn
the facts 'have thus far proved unavailing, and the public ern, Northern Pacific and Southern Pacific, are unimremains ignorant in regard to the matter. It is thought by portant.
some that the demand referred to came from investors who
Stock and Bond Sales. The daily and weekly record of
are in a position to know the facts. However this may be, stock and bond sales at the various stock Exchanges, forthe market for all other securities has been exceptionally merly given on this page, has been transferred to a place by
dull and narrow.
itself.
It will be found to-day on page 831.
The Bank of England's statement is more favorable in
some particulars than that of last week, and the discount
Railroad and Miscellaneous Stocks.— The stock market
rate remains unchanged, although the private rate in Lon- has been irregular this week, both as to volume of business
don is somewhat higher. The local money market continues and the movement of prices. As illustrating the latter, it
easy and rates are steady.
may be noted that Lake Shore sold on Wednesday at 300,
The open market rates for call loans on the Stock Exchange an advance of 60 points from the last previous sale of 100
during the week on stock and bond collaterals have ranged shares or more, which was on July 18; North Western comfrom 3 to 4 per cent. To-day'a rates on call were 3 to 3% mon and preferred advanced 6% and 7 points, respectively,
per cent. Prime commercial paper quoted at 4%@ 5 per cent.
while Missouri Pacific, Metropolitan Street Railway and a
The Bank of England weekly statement on Thursday few other issues were weak or fluctuated widely.
showed a decrease in bullion of £196,176, and the percentThe trading has been largely professional, but there was a
age of reserve to liabilities was 49 00, against 47*13 last demand for high-grade investment stocks, and in addition
week; the discount rate remains unchanged at 3 per cent. to those mentioned above Delaware & Hudson, LackaThe Bank of France shows a decrease of 5,600,000 francs wanna, Pennsylvania and Great Northern preferred adin gold and 5,725,000 francs in silver.
vanced several poiots. Northern Pacific preferred was the
The New York City Clearing-House banks in their state- feature in to-day's rather buoyant but unsteady market,
ment of Oct. 12 showed an increase in the reserve held of moving up 7 or 8 points and subsequently declining. Lake
$1,707,100, and a surplus over the required reserve of Shore sold at 310.
$17,483,175, against $15,560,025 the previous week.
The miscellaneous list has been generally inconspicuous.
Amalgamated
Copper attracted attention more on account
Differences
1901
1900
1899
of recent developments than because of anything new in
from
Oct. 12
Oct. 13
Oct.
14
previous week
regard to the stock, which has been active but relatively
Glucos9 Sugar was the weak feature, showing
steady.
$
Worthlngton, Henry R., pref
1
—
'
Capital
Circulation
Net deposits
Specie
Legal tenders
81,722,700
98,843.700
870,900,700
30,983,800
942.688,900
182.501,900
70,653,500
Reserve held.
Legal reserve.
Surplus
Loans & discounts
Surplus reserve
Note.— Returns
$
uc
365,700
Dec
Dec
864.200
2,147.300
440,200
74,222,700
90,109,900
807,855,000
30,283,600
861,588,700
160,259,200
59,601,900
253,155,400 Ino
236,072,225 Dee
1,707.100
216,050
219,861,100'
215,397,175,
17,483,175 Ino
1.923,150
of separate
Deo 2,657,500
I
Ino
68,922,700
78,843.500
705,899,900
16.586.900
774,940,200
145,337.700
49,576,200
194,913,900
193,736 550
4,46 3.925
1,177,350
banks appear on page 822.
Foreign Exchange.—The market for foreign exchange
has been quiet and generally steady, with no important
change in governing conditions.
To-day's actual rates of exchange were as follows: Bankers'
sixty days' sterling, 4 83%@4 83>8
demand, 4 85% ^4 86;
cables, 4 86% @4 86 V£; prime commercial, sixty days, 4 83^@
4 83^3; documentary commercial, sixty days, 4 82%@4 83%;
grain for payment. 4 83>£@4 83%
cotton for payment,
4 82%@4 82%; cotton for acceptance, 4 83J^@4 83%.
Posted rates of leading bankers follow
;
;
October
IS
Sixty
Days
Prime bankers' sterling bills on London. 4 844 ®4 85
Prime commercial
4 834 ®4 83%
Documentary commercial
4 82V, ®4 834
Paris bankers' (Francs)
Amsterdam
(guilders) bankers
Frankfort or Bremen (reichm'ks) bankers
* Less » l8
5
19V ©5 1938
40
94 78
®
®
40» l6
941&16
Demand
4
864 ®4 87
5 16?8
®5 16V
®
95% ®
401-4
40Bi«
967i«
.
The following were the rates of domestio exchange on
New York at the under-mentioned cities to-day: Savannah,
buying
}'
discount, selling par; Charleston, buying par'
premium; New Orleans, bank, $1 25 premiumcommercial, $1 50 discount; Chicago, 5c. discount; St. Louis
par; San Francisco, 7%c. per
$100 premium.
&
selling l-io
when
at the lowest a decline of over 7 points.
were unusually steady.
The iron and
steel stocks
Outside Market.— Dealings in the outside market this
week have been fairly active, and although at times prices
have been a little irregular, the general movement has been
toward a higher basis and a firmer tone. Dominion Securities and American Can stocks have led in the trading, the
former advancing from 74%, last Friday's price, to 80 today, while American Can common fluctuated between 20
and 21%, closing at 21%. The preferred moved down from
6P% to 67 and then advanced to 7034 — this afternoon's price.
Standard Oil. which closed last week at 729, rose to 735 on
Monday, but fell off again and closes at 720 bid, 725 asked.
Havana Commercial stocks, which have not been in demand
lately, became quite active early in the week, and the com
mon sold up to 14% and the preferred to 48, They close at
12% bid, 13% asked, and 48 bid, 52 asked, respectively International Salt certificates have been quite lively, rising
from 31Jg to 33%, but dropping back again to 81%. Copper
stocks have not been so active as during the previous week,
but bank stocks, which have been very dull for some time,
have been in good demand. The reorganization securities
of the Mexican National RR. and also of the Washington
Electric Co. (all when issued) made their appearTraction
ance on the curb this week. The Mexican National RR.
common came out Saturday at 15% and on few transactions
declined to 14%. The advent of the preferred was at 38%.
It went to 40% and closes at 38%.
The first consolidated
50-year 4s of this road sold Monday at 79% and to-day at
77%, and the prior lien 25-year 4%s have been steady at
102@101%. The Washington Tractfon 50-year 4s were offered at 85 and the common and preferred were offered at
25 and 45. Outside quotations will be found on page 831.
&
New York
Exchange— Stock
Stock
TWO PAUEH
lM'(i'l'\l\(;
stocks—aiejrxsi and low
MvmUi
Saturday
Oct.
Tuesday
.,
U
Uct.
J','
OeU
1
M
ilk prices
edmsday
uct.
>
Thursday
Bang*
On Oasts
-Tin Kth*
i.w STOBK STOI B
.\
Friday
IS
Oot 17
tn
Weekly and Yearly
Record, Daily,
1
(JCl.
\
.
1
a \
1 1
•
.
11
•
Sh
1
)
..ir
Jremout
1901
100 i/iup
J'JOOj
|
/.
.
(I
for
u.i
n
Lowest
I
Highest
'
.
Itiiilroitiln.
"
•61
78
>a
4
90%
loo%
53
80
87 H
ioa
•93
9
6H % i.l',
•94
95
125
•J.' >
•
21
2
22
Hi
110%1I2
83
Hil
'
-'.'1
90
169
45
111
110% 111%
82 h
162
46 H
-
:so%
44
41
72
101
7
77 %
80
107
187% 188%
lilti'jllli>>
".\i\
'72
11
189
83
3
i'3'0"
"'22
135
22
•90
k
93
84% 85
•43k 45
15
Hi
105
41
178
42
73
41%
.
37
77k
124
138
'186
22%
22
37 V
77 '<
'heaapeake
ii"
w
raejr..
pre!
1
83
85% 85 H
85%
86
73
164% 105 34
187 k 187 34
43
40
43
44
43%
41H
40
72%
72
41
72-4
107%
164*4
187 "a 188
Hi
i'»,
',
'Inr. liiiliitiiiip. it l.ouisv.
140
200
21
21V
39
89%
97 "a 97%
•110
•37
•70
130
•130
21
38 '4
97 Hi
US'*
97% 97%
120
-
1
54
'
45 k
"
•
13
13
Hi
24
105
21 '4
105
45
"90
45 '4
93 Hi
09
09
69
oa
20% 20%
30% 38 k
97 k 97 k
'4
116
120
45
75
5
135
175
20
80
•90
115
•40
•72
136
200
•40
•00
120
75
105
»223
100
45% "45%
92 Hi 92%
41% 4J% 41
42%
11% 12 V *ll% 12
21
21% 21
21
42'4
41
40% 41%
09% 70 »4
09 '4 70%
105
•222
108
225
44
1
92
11%
42%
70%
60
•00
•85
50
04
90
*54
'00
"65
56
66% 57
02
04
90
•85
193
194
191
192
04 Hi
90
120
75
193
A
13%
Colorado
54
54
Do 1st pf. vot. tr. els.
Do 2ilpf.vot.tr. ctls
Delaware A Hudson
4
23% 24
170
188
09
09
43%
11%
19%
40%
09%
56
•55%
02
01
•85
90
193
&
Denver
Do
01
-60
62
90
"85
90
3192% 196
Do pref
Worth&Den. C.Stmp.
193k 195k Oreat Northern,
Qreen B.
pre!
& W., rteb. ctf. A
Do
deb. ctf. B
* 52 %
*53
•53
53
54
63
64
64
63k 53k Hocking Valley
•73%
•74
75';
75
74%
74%
75
74Hi 74Hi
74%
$75%
Do prof
145% 147
145 143% 145% 145% 145k 145% 145% 147% 140 140% Illinois Central
40
41% 40
40%
40
40
40% 42
40
40
o\\ a Central
40% 40
77% 7a
78
78% 78% 7b % •77
78% 77% 77 34
78% 79%
Do prel
34
34
33% 33%
33% 33%
Kanawha Michigan..
7.",
<fc
ansae City So. vol.
•40
69
• 120
44
B-o
-10
•40
I6H1 16Hi
•40
71"4
44
70% 71
129
125 130
270 290 •270 ....
70
70
"07
71
103 101 '4 102% 104
119% 120?s 118% 120
155 k 159 k 155%157
•38
40
•38
40
•901-2 92 Wj -90% 82
Hi
23% 2
23 Hi 23 34
14% 15 '4 14% 15 4
4105
104 Hi 105 Hi
117 117
117 117
27 % 27
27
27
78
7b %
77% 78
20% 27
26 V 20%
62 k 62 "a
52
02
95% 98 '4 93 34 90 Hi
129
300
•09
81
103% 104
«115
51
49%
"a
120
80% 91k
•211 214
83 Hi 34 k
65 Hi 50
•88
Ho
115
150
50
*115
13
4
1
78
26%
51%
20
90% 01%
94
103% 102%
119»4 119%
158% 157%
40
120
•118
91% 91k *83
118
91
Do
Lake
118
91
113
90
Do
129
77% .7%
Do pre!
24% 25 Mo. Kansas & Texas
49% 50
Do prel
94% 90k Missouri Pacific
*195%198
158k 150k 157k 150k 157%
61 '4
60
50%
60k 51
'4
Keokuk & Des Moines...
17
44
68% 09
§129
310
•67
93% 95%
05%
tr..
pref. vot. tr. ctfs.
pref
Erie & Western...
pref
310 L. Shore & Midi. .South'n
71
70
Island
Long
103k 103k 103% Louisville <fc Nashville...
120
120 121
\ 1 anliattan Elevated...
158% 157% 158% lUetropolitiiu Street
40
40 Met. West Side El. (Chic.)
40
•90
91
91
Do pref
22
22% 22% Mexican Central
14%
14
14 H Mexican Nat'l tr. receipts
•105
Michigan Central
108 k 110 111 Minneapolis <fe St. Louis.
120
121 124
Do pref
20% 20% 20% Minn. S. P. & S. S. Marie.
129
305
'
•90
81
•23% 24
21%
14
13%
11%
*105
105
105 iof
105%
119
118 118
•20
20
27
•70
70
76
77
25 '4
24
25 k 20
48 k 50
50 k 51
95% 90%
15 6%
•10
•40
09%
09
1 25
4305
•07
•90
-20% 27%
•70
26 k
•51
71
'40
•38% 40
•38
40
•90
91
3
23 4 24
14% 15
•105
105 106
117 117
1
155%
103
119
157
119% 120",
150% 159
',
157
•09
44
70
129
300
10
44
10
10k 10k
•40
70
125
300
-120
*270
;
156%
60k
18
44
70% 71
8
150% 157 %
60
50
-113%117H
*88
91
Hob.<fcO.,J.P.M&Co.rectB
Morris & Essex
Central A.- Hudson.
Y. Chic. <li St. Louis..
Do lstpref
Do 2d prel
NY.
New York & Harlem
135 138
\. v. Luck. & Western...
212% 2 12% 212 214
213% 213 Hj X. Y. -\. Haven & Hartl.
213H;
33 Hi 33 Hi
32% 33*4 33k 33% 33 k 33 V .\. v. Ontario A Western.
55 '4 55 34
55
50% iio^ 5 5 7b 55% 50V Norfolk cW western
*88
90
•88
*88
•88
90
Do adjustment, pref.
90
90
Northern Paolfio By
98
98
Do prel
98% 98% 98% 98% 98% 101 % 101 108
r04% 04% •02
•02
04
05
05
1)aoifi0 i.'oasl Co
03
04% •62
-85
•90
•90
95
•90
•92
90
95
95
9b
Do 1st prel
-05
70
•97
Do 2d pref
•07% 70
74
72
71
71V *70
144% 115
1 15% 147%
140% 147% 140% 147V 140% 117' Penns] h'aina
•42
43% 43% •42
42
42
42
45
42
Peoria
Eastern
45
7
% 80 I'eic Marquette
*
Do prel
b5
213
05
95
145V140
•42
45
Pittsl). (111. (.'Inc.
Do
61
Hi
52%
iOH
40% 41%
76% 70%
'h
61%
52
52
40%
40% 40% 40% 40%
70 k 78%
70k 76%
61k 61% •51% 51%
52 k
41
51
SI. L.
tr.
otfs..
3,000
151,185
8,000
1st prel. Vol.
.
68%Au(.'3'j
86
28%Apr29
53% Muv
]
69
45
16% Jan 34% Deo
64% J'ne 87 Dec
6
J'ly29
J'ne 5
12%J'ne
4
12
59%
73%J'ne29
01 Mai -2
Dec
21
J'ne
J'ne
12
5
22% Sep 3o
45% J'ne 4
9
Jan 21
Jan 4
Jan 31
1
6% Mar
20% Not
27% Dec
03% Deo
J'ly
10% Sep
30k Sep
Sep 43k Deo
1 5
68 Apr 1
38% Uct 54% Mar
74 Oct 94% Apr
81 Jan 4 95 April
17 Jan 18 30 Apr 20 12% Mar 20 Deo
208
Marl"
May
14,000 107%
9
144% J'lu 191% Deo
65 Jan 2 07% I-V-0 14 53 % Mar 06 Deo
8% Deo
H
7% Jan 28 11 % Apr 22
5k Sell
600 40% May 9 57 Muv 6 30% Jan 42% Deo
490 09% Jan 21 80 Muy 2 58 Jan 74% Deo
9,901 124 May 9 164%J'ne29 110 J'ut 132% Deo
7,801 21
Jan 21 43% J'ne21 11% Jan 27% Deo
3,450 48 Jan 21 87%J'ly 1
39 Sep 58 Mar
390 21 Jan 8 41 J'nelo 10 Jan 25 Dec
7 Sep 17% Apr
13% Jan 4 25 Apr 30
35 Jan 4 49 Apr 30 27% Sep 43% Apr
500
3% May 6 Deo
6% Jan 3 18% Oct 2
24 Jan 2 45% Sep 30 14% Uct 23 Deo
7,450 39% Jan 2] 74 Sep 2 7
20% Mai 52 Deo
os v Jan 21 135% Sep 27 83% Feb 115 Deo
6(1
616 8230 April 310 Oct 18 $197 Jan 4240 Deo
700 07 Jan 3 82%J'IH22 47% Jan 89 May
11,250 76 May 9 lll%J'nel
08% Sep 89% Deo
18,325 83 May 9 131% Apr22 84 J'nt 116% Deo
39,565 150 May 9 177 J'ue24 143% Sep 182 Feb
600 27 Jan 8 40 Sep 27 24% Jan 37% Apr
300 79% Jan 15 93 Sep 18 70 Eeb 84% Not
3, SOU
12% Jan 21 30 May 2 10% J an 17% Deo
5
Mar
2% Sep
50,590
3% Jan 24 15 k Oct 12
107k Mar 4 107k Mar 4 {104 Jan 115 J'ne
8|72B 67% Jan 19 UlkJ'l.vDj 45% J 'lit 71% Deo
1,030 101% Jan 7 124 Oct Is 87% J 'in 104% Nov
14 Sep 27 Apr
1,300 15 May 9 28% Aul'27
1,000 49 Apr !' 78% Oct 1
47 Nov 09 Apr
9 Sep 17% Deo
0,520 15 Jan 21 36% Apr 20
47% Dec
0,370 37 May 9 68% Apr 19
112,120 09 Jan 4 124%J'nel4 38% Jan 72% Dec
49 Deo
J'nt
Aug22
35
Muv
9
86
78
- Jan
S9 % May
}l9i%Jan s 197 k Apr 9
37,150 139% Jan 21 170 Muy 2 125% J nc .4 5% Deo
Deo
14%
J'ne
8,000 16 May 9 57% Sep 28 11
97 Mar 1 20 Sep is 75 Jin no Deo
kDeo
95 Sep 28 29 J 'in
1,500 47 Mar
120 Apr 1 420 Apr 1 400 Ha) 4 2 u J'ly
Mar
135
Jan
Leul'l
iloU
Mil %. Ian 16 139
5% J an
230 206% Feb 27 17 J'ne24 #07% Sep
.I'm
3_ k Deo
9. SIM'
24 May 9 40% Muv ]
30,000 42 Jan 10 57% May £ 22% Jan 15% Deo
Deo
Jan
07
82 Eeu 15 90%J'nelS
so %Deo
77 k J an 21 7oii Maj 9
Sep 91 %Dec
67
61, 307 84k Jan 21 USk May
Not
M;^ ii
16
3,700 52 Feb 1 73 J*nel9
90 kDeo
Apr
20
98
89 Feb 26
200 03 Jan 8 75 J'nelS 5 7 Ma] 69 %Oct
149 %Deo
170,040 37 May 9 161% Apr 22 124
Deo
J'ik
5
600 14% Jan 22 50 S
Deo
050 33% Jan 9 80 Oct 18 2o Jan
72 Jan 2 80 Jnel7 55% Jan 73 %Deo
80 % Jan
57 Jan 30 80 J no 7
1
1
1
I
i
1
i
Jan 4 106
24% Jan
65 Muv
25,100
tr. cif.s..
1,
prel'
i
9
Jan 3
38
05
93
10,800
1
Do
Sep 47% Mar
Sep 20 k Mar
185% Apr 3 106% Sep 134% Deo
244 Max 28 171% Sep 194% Dec
31
24% May
39 k
41
2, 4 Hi
2,300
2d pret vot'g tr. ctfs...
nude Western
k 62
(
7
Jan 21 103kJ'nel4
Sep 12 71 J'ne27
ss
vot'g
1
J'ly29
Jan 30
Jan 9
13% Jan 8
prel
Reading,
70 %
^
Jan
I
,
-
1
.
1,695
5
42
:
.v.-
40
70
12,000
05
69
18
Oot
.
I,
40 H: 41 Hi
7b l4 76 "a
80
i
J I"
1
:;i
I
212 215
33 k 88%
55 % 50
•88
90
1
65
•88
1,830
2
(
10% Jan 4
Li. 90(1 105
May 9
2,700 188 k J an 3
1, 150
29% J an 21
Southwestern.
& Terre Haute..
Kvansv.
Aug
40
Keb
Kee
lieo
,
9
l.lOO
pref
42% 42
42% Des Moines & Ft. Dotl«e.
11% ill
11
Dtiluth So. Shore & Atl..
19% 20 k 20 '4
Do pref
41% 41% 41%
09% 69 k 09k
Uo lstpref
55% 55% 55%
Do 2(1 pref
42
02
•85
09
09
b
16% 10%
800
:
.
Jan
1
6% Jan 21
1,800
So., Tot. truel
7
5
OOt 10 115
'CO
Jieo
1
May
67
13 3
223% 220% 220% 228%
claw. Lack. <k West'n
44', Denver & Kio Grande
44% 44% 44
4 '4
92
92
92
92
82 %
Do pref
55
193
194k
St.
Deo
Jan
!
2
2_
116% Jan 12
27% Jan 7
<fc
pref
l)o
Ft.
8
63 k
&
Lorain
Jan
Jan
68% Jan
Apr
85
I
U
<
1
May 10
Wheel'g.
Ulao.
prcf
Do
90
75
Jlj 27
L.
jiri-f
Cm.
'U-\ (-.
23
24
108 k 109 V
20% 20%
40% 41%
09% 69 34
21
115
Do
Cleve.
.Ian
2,666 176 May 9
8,800 108% Jan 21
620 207 Mar 1
3,89 1 110% Jan 4
200 125 Mar 2
180 Mar29
4,150 10% Jan 19
9,2 15 33
Jan 21
2,300 73 May 9
145 Ohio. si. P. Minn. <k 0111.
200
Do prei
20 k Chicago Terml Transfer.
30% 37V
97k 87%
37
97
120
09
42 k
-135
-175
20
13% 13%
62% 64
•11% 12
41%.
20%
09
09
09
43
42
145
200
16
131
69
i
42% Deo
Deo
68% No\ 7«% Deo
119'
144
Deo
Jau
lpr30
B
186% Apr29 88 Jan 109 Mar
130 Aprl^ 119% Dec 125 Aug
9%S' p 18 Dec
26%Apr29
94% Marl 5 81 J 'IK 9 k Deo
82 Deo
90% J m 2
j Aug
50 Marl
30 J'ne 45 Deo
Jan 29 Apr
44 V Sep 15
14
Jan 04 Deo
77% Sep 16
(18 % J IK
188 Muv
48k Deo
200 Ma.
09% Jan *s7% Deo
215 Muv 1 150k J ''k 172% Deo
-Mu> 220 Deo
248 April
175k J'ne 5 102 J'ne 122% Deo
145 April 110 Ocl 126 Not
201 April 172 reli 175 Mar
31 AprlO
8% Oct 14% Deo
67% Apr 15 20% Oct 39% Apr
89% Sep 23 55 J'ne 76 Deo
121 Apr20 103%J'ni 118 Deo
37 Mar
14% Jan 30 Not
77% Feb s 40 Jan 72 Apr
18 Apr29
5
Si p
8% Dee
an
I
90
47% Sep
62% May 8
60% Apr 30
82 k Apr 30
May
Muy
42
23
15 1,99(1
1
13% 13% 13% 13%
•54
54% •54
54%
•24%" 24 34. •24
24%
Hi
54% 64k
4
24 % 24 "a
100 100
•223 224 H
45%
92 %
1
135
•172
97%
•40
•72
70
4
140
200
172
13% 13%
64
110
20 Hj 21
si% Sep
88
108
7 2%.
816
1
•130
•175
117%.May
.Ian
1,760
1,110
1.207
6,930
1
142% 143% 141k 142
May
I
1
I
92
29
27
23,525
Dee
Apr
;;
1
S. p
l>eo
.
!28%J'n< 24
1,
Dee
Dee
25
69
liar
.
138% Jan
300 91 Jan
120%. a 11
Do pn-f
ihioaKO Great Western..
J 'n
4 p. c. debentures
i'u
5 p. c. pi I. 'A "..
iin
4 p. (•. pre! "H'
\pi 22
J in .,
ffaj
is% Jan
1
91
-Mail
8,7(MI
'
98*,
1
8,800
»iluo
<fc
87
3110
1.
A Hull
.iiln iV
111'
1
10,80(1
Apr 22
114%.M.i> 8
97 J'ne
88%Api 22
97 OOt 9
1
sou 77
400 110
^Chicago Burl. <t Qulnoy
iiu Him cV K;i«rn [Ulnola
128
110
k
vnii.il ni Ni
t
.ii
2
Oot
77,28(.
Bturalo Booh, .V: i'iit»l>'g
Ho prdf
10k ('.in. nil. in Pacific
81 H
limn in Southern
1
',
30
..'
Ma)
Jan
70
81
b
|.
Jan
.
470
Do pre! \.,i tr Otis,
lirooklj n Rapid Transit..
69
1
%
Si
128
'
Ohio, vol. tr.
re
127
•103
45% 45%
40
30% 37 Hi
30k 86%
77k 77% •77 k 77%
•135
•72
162%166%
187
1
•
97
128 •125
109% liok 1 10
120
45 k
22 k
-90
f
it-
1
.v.
1
•
Bi
143,900
18.693
12,600
ctfs
4 Santa
71k
lm prel
104% 166% 105 166 OhicagO Milw. & St. l'aul
188
88% 188% 189
Do prel
90 Hi 186%
198% 197 202
199% 200% Chicago <ft North Western
219% 219% 2 8 220
iiu
pret
142 143
141 141k 142 k 142k 142 143 -•inc. Book Isl'd A Pacific
73
lb7
189
-
95%
90
128
110
62
46
1.
'
in.
Bali.
60%
•81% 88%
•I'm"
lea
.
1
416
Mcli. Topi
97
102
20
Arltor
Ann
Do pref
7 7',
00
90
60
102
8
%
1
94
1
102
....
'
2
•61%
'4
•81% 88
VI h
'4
*ii"
109 34
129"
127
136
22
•90
85
"22 «s
86 '4
2%
1
77%
7--
83
87%
iaf"
'i
41%
Hi
162
45 Hi
8l>
•83
S1
37««
130
--
124
125
•
68
68% 00 H
'4
% 22%
•21
90 k 9 7
V 102% 102% 102%
9
125
126"
...
22%
102
03 k
96
10%
20 % 22%
52
OS
77 k 78%
86k 97
93%
128
77
•tit
1
01
1
12
78%
102 >v
'4
91
•77'.
•l-o
•13o
*
86%
101 B loi
%
45% 45%
37% 38
23
53
7s
i
•100
•21
Ha
Muy
7
r*ne
:*
80% J'nel7
59% May 1
1
liMi- 108
Jau
Deo
71-, Deo
Deo
V80 Deo
94
ik
78
J
49
J. ii.
Mar23
43k Jan
J'nel9
80
Deo
Jan
BANKS AND TRUST COMPANIES-BROKERS' OjUOTATlONS
Banks
Bonks
KEW TORK
Chemical...
Hid
CITY
Amen
Amer
610
Kxch.. 270
Citizens'
City
Ask
550
Colonial
<
Astor
600
Bowery'
800
Broadway... l'J
Butch 'Sib Dr 110
130
Central
200
175
.
Century
Chase ...
',
Chatham
105
700
325
.
.
',
..
.
.
.
:olumbia|
('"11111,
Bast
llth
55
166
1
055
I'OUI
1
.
.
400
.'lis
\\ aril-
.
150
.
22.)
Fifth A\'e1
Fifth
. .
Banks
Kir.-t
050
300
385
Itr\ <".
Fidelilvli ...
1
Bid Ask
1000 4100
1376
100
.
Commercial
Corn Exchl
i
.
3250
>
2
. >
(
i
l
(111
ik
i
81111
(ieniiau
225
I
no
ircenw nil
Hide
I..K
.
Mutual]
Nassaul
\
.1,10
\
ew
90
.\
\
in-
!50
New
270
Vlcrc.ai
;:>
i
i
175
1(1
p.-.
i
in is
150
i
'i
I
I
!
-
ork
if',
.
>
>
rupolis
.
•
.ii
if
Jl
1
'
iks.
n
1
le
as
•••••
in-'ii a-*
11
1000.
Union sq"
Trust
107
ot N V"
12Hi Warn',. 110
Kx dividend
1
j
...
110
300
anil rights.
(Jo.
112
500
.'..inf..
570
Park
l.cth.
,
--;. iii
195
......
.v
ii
-late"
70
85
,50
C.ilKl
Shoe
.
Mini. 210
Til
.
t^r "ua-oi'
15i U)
202
York...
.-.
115
i"
i
150
'i
-
!o
Na
loo
in*.
..
100
1
I .
(
Tin
P
Ask
Bid
250
Peop
l-.'O
...
Uuuhs
Ask\\
Bid
150
175
.Nllilll
100
,
II
I.
260
Bid and asked prices; no sales were made on this day.
i. -.1
1 Sale at Stook Exchange or at ami ion this week.
Stock "cornered" sales
•
ncolu
M. mn. ii
Bunks
Mm
500
ly
.i
I
.Ml
,
190
Mn
125
;
A; l.'alh
r
Ash
575
.no
•
.
jj
I.,.;
Ex
.
vm
•
.
II. million".
llano
Ir
1230
140
Am'
Ida
Banks
mp .t i rad. 550
i
Mill
ii-riuauia"
i
740
165
,
Held
ieriiiiin
i
l
111
tallatin
ianse \ oortl
.III
Ask
IS id
i..
,\
certiheates.
246
• •
•••*
Stock Record— Concluded— Page 2
826
AND LOWES!
STOCKS— HIGHEST
Saturday
•In
•
in
ia
J
'-'I
61
LO
Hi'..
91
26
10
l_'l -h 1J-'
i.".-
•77
67
'i
..'.I'm
-'
7
r.
1
10
26
21
79
.
-9
'
i
&0*t
32%
80% 86
i;7'i
B8
:,7
60V
.V.I
IJ
-10
-57
12
1
22
'»
U
S.»-'l
39%
ii'.
66
26
il7 ',
26% 27
54
'
iia
aa
10
1
20%
30-,
•100
86 U
HI'
1
::
'-.
mo
...
-'I
is
20',
:i7
:;.,•,
mi
10<>-,.
•lis
20
••
120
22
1
L8
.",.-,'•2
22
22
1
*20%
"s
loo'.
;,o'
'.
s,;',
88%
21
21
l)o
35
36
Tol. St.
100'
88
97%
-J1
19
M
36% 38%
18
18
50% SO 1
21%
41
s ao 3
87
1
7
'-2
88
20',
38'
L8V
I7'-.
19
.11
21',
21
41 3
am
I
11
18
•J
'.'
21
'.,
II
',
87'
'.
87%
38
I
i
_o'i
i
••18
,
'
:;s',
31
!
•28
88
87»4
ss',
19 -.
HMM,
99'-
l'.l
98
98
88
87»4
',
36
:;?',
L8\i
»17%
IS',
50
29
*4S
28
50 H
a
:
<
1
11
••
l:",
20%
35%
:I7
1
7
:
21
21
20%
•10
40%
40
19
'-2
;o
1-2
20
20%
:;r,',
37
50
27,97c
clfn..
:
8
>4
41 h
88%
*2%
ISO
196
s7' 4
«jo
196
89 M
lso
•10
Ml
•2.",',
*80
•30
81
31
•188
198
27a*
2.>'i
.SO "-2
t;4
20
50
26
85
25%
*85
*«
•25
*88
90
188
27
L90
Mil
*15
68
20
98
98
46
*84
118
•116
117
100
*97
ill
22
50
15
84
4 2 •-•s
97
48'
97'
*84*
46
85
'4
'-2
6%
25",
97
97'j
1-.
192
*80
30
89
188
.-,0
25
85
,',',
ia
(P-2
27
'.'.->
42% 43 3
97
97%
A-
it;
m
•84*"
85
If.'.
1
115%
46
85
117'e
1
1
;
5
99
!lll
H56%
157
,
12
15
2-V,
iohi
*80
30% 30
:;i
12,801
37,801
A
Lake
300
400
100
Erie...
3,400
2,900
190
25%
+
171
62
*10
64
22
19
'40
49
25
84 34
*6
•25
43
*15%
17
76
-73%
*74
77
36% 36% 35% 36
•208
212
'•205
11
-10
11
92% 93
•127
"16
217
92*4
*127
*15
132
17
2183*
2151-2
15%
171-2
74
36
20S
<
]
212
11
•lO'.l
93
127
•17
93
132
18
218
218
-7:i 4
77
34 4
36 34
-208
215
11 '4 -10 '4
91 "a
93
132 -127
xl7
17
130
132
7
6 8
130
129
*6%
7
•26
26 28 *26
28
•20
20 20=B - 20
35
265 258% 256 257 hi 257
46 ^ 47 >4
46 4
40
46
101 104
101 101
97
23 4 23%
23% 23
22
•78
*7S
79
79
78%
89 % 89»4
891-2 89%
88%
:
«6%
47
88
•90
•100
8
42
•100
47
88
95
<
6%
7
*33
47
47
386%
Sir',
•91
95
*84
6
i'.'.
*25
43
27
L3 a
43
no
•99
150
100
9
•4134
loi
20% 20%
•85
33
90
33
-86
-91
!">.
7
7
28
26
•26
28
24%
101
23
*100
*19i4 20
•85
90
4
78%
92
92
132
•128
17
16
91 34
28i2
27%
20
257
258
Do
132
18
29
25
Col.
43ia
13
•121-2
SS
95
*90
aoo
*9
95
105
12
*42
42 is
100 % 102
19
-85
90
19H
90
-90
-100
*8
*41ia
95
105
*100
12
-9
92
42%
101% 102
19 %
20
90
*85
"a
92
105
12
'••
*4i4
5
60 e
35
•15i4 36%
16
70
721-2
•90
93
12 4 12%
80ia
801-2
15
•50
43
93 78
*58a4
• 118
•160
I514
91%
54
rs->4
94 's
60
125
175
92 14
59%
'85
•31
90
41
76
*73
76
73
70
*29% 31
•29% 31
-29% 30
'29% 30
80
-78
-78
*5
60
-34
•15
*70
*85
-79
5
*14%
-70
72%
90
"73
75
31
61
3Ui4
10
36I4
90
4%
80
5
60% 62
*34
*15
-70
*83
&
pref
pref
,
38
16
72%
92
80
514
61
5
5
•77
5
GO
61
60
81
38
16
'15
721-2
*70
+85
90
11% 12%
11% 12
80*4
80
16
72
90
11%
(St.
12
80
11'h Jun
:;
23% Jan
I
J
1
45
2
%
Jan
Mav
May
1
Pacific Mail
Gas-L.& C.
Pressed Steel Car
eop.
Republic Iron
Do
pref
&
Steel
.
Rubber Goods Mf g
S
81
5
(Chic.)
Pullman Company
Quicksilver Mining
pref
loss-Sheffield St.
Do
200
pref
Standard Rope
A-'l'v.
inc.
1,100
6,600
.
16
72% 72%
*85
12
92
4
so
12
I)'
26%
'n
!)• •;
.
26
.i
22
6%
N 'ar
14
16
Sep
8
J'ne
27 Deo
13%|)(,
Sep
Sep
58% Mar
33% Mar
20% Apr
57 Apr
do
46%J'he21
j'ne
1
60% Mar2S
38 Mar28
10
30
Jan $150 Not
89% Dec 99%Not
111
\pr22
12%Jan 25% Nov
57% J'ne 72 Dec
JticH
J'lv
I
2
J'ne
3
L8%J'»e
"
1
7 4
:J
Jan
31% Jan
Deo
99 Nov
Dec
149
118
::
,
I
1
8% Jan 19 14%Marl9
41% Jan 21 136%J'nel7
116 MarlS 142%Apr28
Jan 18 25%.1'nel"
May
Aug
65
107
2
5
28 Mar22
81i4SeplO|
100%Mav:U
Mav 81
J'ly
Jan 200 Doc
Ma\ 60 Not
Dee 103 Nov
I41- Mai 26% Nov
58 Mar 75 Nov
44
92
55% Dec
28
Oct iG
P6
J'lv
8
Sep
17'
05
96
29% Dec
77% Dec
May so Jan
Jan 2 103%Ang20
Marl 4 25%J'nel2
MavlO 93%J'nel3
Oct 3 50 Mar21
70% Sep 30
19% Feb 5
65% Jan 22
3% Mar 6
49% Mar 7
'
Jan
6% J'ne
29 >4 Sep 50% Dec
Oct 131%.Tan
1 17
ll%J'ne 21 Apr
il64 Sep 201 Nov
21% May 40»4 Dec
70 May 95 Nov
3% Aug 10% Jan
5
7
April',
Mav 3
84
175
L09
54% Apr
183
Sep
Oct 12
40
is
Feb
Dec
J'ne
Jan
17
h
24
11
89
95
Jan 1
Jan 21 102
12
22
Oct
Jan 21 40
1 1 1
140
M;u'21.
Apr 261
Dec
Dec
014
23
Jan 100 Jan
Jan 18%
J'ne
79% J 'ne
1 5 78 Aug
S3 Ang
32% Oct
69 % )et
40% Nov
96 Feb
2s '4 Feb
106% Feb
46 N(v
76 4 Nov
Sep 1
Not
t
112
.
.
1
J'nel8!
47% Jan 29] 25% J'ne 57 Not
120%Jue2i: 81% Oct lll%2Vpr
52 Jan 21 32% Sep 58% Jan
89 Apr29| 70% Sep 89% Nov
125
Oct 171 170 J'ne 204 Deo
5'tMay31
% Aug 2% Mar
12% MavjT
7% Oct 10% Mar
24 J'nel7
8% J'ne 27% Feb
82 Apr 1 49 Aug 70% Feb
38% May
Mav
41% Apr
86% Apr
90
2
2
2
8
17% Oct
59 14 J'ne
4
8%J'nel3
1-,
Mar
26
Nov
Nov
71
10i4 .Tan
76%j'nel8 4 9 Oct 104
19 Jan 18 42 Apr 20 13% J'ne 21% Deo
12 Apr 12 1 9 % J'ne 17 10 J'ne 2(
'
200 65 April 75 J'in-17 56 ] 4 May 77% Feb
100 $53 Jan 26 00 Apr 19 $45 Mar $59% Dec
9,015
7% J'ne 19 Jan
7% Mav 9 L6% Mav 2
5,492 69% Mav 9 83% Aug28 65 J'ne 79»4N- v
Jan 2 21 J'ly 44 J a 11
2.126
2 % Oct 4 34
85 Jan 2 74% Dec 104% Jan
85 47 Oct
91.979 24 Mav 9 55 Apr 30
52.210 69 Mav 9 loi % Apr 30
500 51 .riv!2 72 Mar30
116 Apr 26 125 Aug30
120 J'ne 140 D-c
{130 Jan ] 5170 Sep
May 6 7, 's J'ne 88% Jan
3,327 81 Jan 21 LOO
800
Union Bag(fe Paper
Do pref
United states Express...
80 '4 80 4
15
15%
1
i
1
,
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
CITY
Varick
J|
Bid
250
Wa8hiu"t'ii'
185
West Sidel
600
600
240
,.
Western
Torkvillel
..
BROOKLYN
BedfordU
225
Broadway*
..
Brooklyn*',
..
*
t
£id
Hanks
NEW YOKK
50
120
J
Ask
A Sk
8th Wardfl ..
5th Avenuel 100
295
First
Kings Co1|... LSO
Manufaotrs'. 285
Mechanicsl,
1
Mech & Tra' 270
Merchants'.. 100
.
Nassau
Nat Citv....
North Sidel
Banks
Bid
I
As*
BROOKLYN
BROOKLYN
85
110
17th Want"
Sprague
26th Ward'
.
2
tJnionl
300
Wallabonf
125
.
L40
llo
105
1
160
175
Tiust Cos.
Central Tr'sl is:.-,
City Triif^.. 350
Colonial
mi mental
Ti
.•00
Bowl'elire.-i 189%
201% t
were made ou this day. J Leas thau 109
*
L050
Guaranty Ti oS5
K^ick 'rb'k'j TOO
Manhattan
450
Mercantile .. B50
shares.
Kx
rights,
<
I
1
.
Merchants'. 325
Metropolitan 500
Trust Co. certificates.
BROOKLYN
'1
'.
430
Farm I.otvTi 1400 1500
Ave
Trust Co's Bid Ask
MortonTrost 1000 1250
X Y l.itcV r 1250
>, c& Tr 950
X
Xintli Amer.
250
si Tr'1 350
StandardTr't 385
Tr 11 i,t Am. 265 275
llioll
Ills' 1300
C SMtg&Ti L35 405
rnit States
1075
Washington. 400 ......
'j
1
Ask
Brooklyn Tr
';
.
CITY
Atlantic Tr.. >290
N. T.
People'slj
Bid and asked prices: no sales
Sale at Stock Exchange or at auction this week.
Asl
1:1-2.-.
Fifth
•2
350
290
Trust Co's Bid
C'IR'tyB&Tr .v_'.>
i
G
lav22
31
9
9
400 61% Oct lo
625 133 J'lyl5
4,300 73% Feb 14
11,890 80% May 9
11,020 95% Jan 21
6,820 30 Mar 7
3,700 72% Mar 5
2.855 195% Jan 21
3,817
1% Apr 22
7 Mar20
1,700
3,700 11% Sep 13
1,700 56% Jan 21
12.888 21% Oct 4
Iron
<fc
61% Tenn. Coal, Iron & I! K.
35% 35% Texas Pacific Land Trust
15
18%
45%
Mai 135
38 '-2 Oct
69 Apr 20 34% J'ne
88 Feb 26 104%J'ne20 S5 J'ne
20 MarlO 49%J'ne 8
73 Aprl7 90 J'ncll
112% Oct 7 153 j'ne 3 95 '4 Mai
114 Sep30 30 J'ly 1
107 Mar
Jan
100 Apr 13 -7 Sep
394
67
Sep
Oct
1
159
144 J'ne S 84 % J'ne
99 May
137 Jan 2 160 J'lv 12 128 Ma]
13% Marie 21%Jan 2 211.1 Dec
76 Ihi
70 Mar22 82% J'ly 1
34 Sep 26 54'4 April) 37%J'ni
-Ian
to
175 Jan 18 228 Apr 15
"Too
Brake
North American Co., new
pref
" e
I"';
1
10% J'ne
25%Moy22
Sep 30
Jan 2
35
Jan 19 89
10
19
67
70
95
300
8
310 37
200 92
800 15
81
,..
New York Air
Do
78
I).
i:,',
14% Jan 21 26 J iicl7
38% Jan 17 40% Apr if
$187% Mav 13
2145 Jan
130 J'nel7
83% Oct
1% Sep 26 8 '4 Apr 23
300
pref
National Salt
Do pref
Do
J'ne
Jan IS 238 Apr 15
38% Jan 4 71% J'ne 6
400 93% Jan 2 124 .I'nelO
700 127% Oct 10 !52%Aug29
3,100
6% Oct 14 10% J'nel s
1,330 23!4 Sepl3 33%J'ne25,
600 24% Oct 10 101%J'nel9! 64
2,55 183% Jan 10 269%J'ne24 120
Louis,
Do
pref
:;i "4
Jan
9,400 187
pref
Do
Sep
I
"ioo 14
Iron
(N. Y.).
12% United States Leather
80% 81 34
Do pref
I5ie
15% 15% United States Rubber
15 '4
15
15% 15% 15
*49
•50
49
*50
52ia
52
53
§48% 48%
Do pref
$49%
%
'«
42=8 43^
42% 43ia 43
43% 44
43% 43 »4 43% United States Steel
92 14 92 h
f>2% 92%
92
93
Do pref
93 34 94% z92% 93 14
59 14
57
59
59 ij 59 14 -57
58% 59
59 Virginia-Carolina Cbem
80
*
*120 125
120 125
120% 125
*118 124
125
Do pref
*100 175
160 170 *160 170 160 170
-ioo" 175
Wells. Fargo & Co
est'n Union Tele'gpli
91% 91% 91 hi 91% 91 1« 91% 91% 91% 91% 91%
12
80% 80 34
"206
2,800
Iron..
Manhattan Beach
<41% 42% National Biscuit
101% 101%
Do pref
19
19 Xational Lead
1.,
•414
60 4
Dock& C.iiup't
Laclede Gas
Do
64
52',
9
:i
:
04
75
\t.,v
,
321-2
75
15^950
General Electric
-
75
-29
*78
28
43
',
•74
76
•29 Vj 31
•78
80
pref
& Hock. Coal &
Do
31% 31%
31% 31 34 •31%
65% *61% 65 %
63% 634)
63% '63% *63
139% 139% 140 140% •138 142 *138 145
3
3
97
*97Vj
•97
98ia
*96
97% 98 %
P8
98
98
98 4
98
4
43 % 44
43 14 44 Hi
45
45%
44% 45-'4 44 4 45 14 44% 45
106%U07
105% 106%
105 106 % 106 106~< 105% 1001-2 105 i-2l 00
3
39% 39
41
41
41 %
40% 41
39% 39 4 *39
39% 40
•78% 79 \ $79% 79 34 79 »4 79% 80
80
81
81% 81% 81 '8
•216 218
221 225 ?220 220
217% 218
218 2201-2 220ia 224
4
41-2
4
4% 4%
4
4
4 34
3% 4
4
4%
•9
•10
•10
12
12
10
12
11% 11% 11% -10
10
15% 15% 15
15
15
15%
15% 15
15% 15
15% 15
66
-651-2 66 4
66is 6Sh}
66
00
65 % 66^
67
66
67
27
271-2
27 is 281-2
27% 28%
27
27 hi
27% 27% 27U 28
32%
63% 6334 64
140% 141*2 *126
350
sContinental Tobacco
258*4 259
V
"Too
pref
Diamond Match
7% Distilling Co of America.
29%
Do pref
25 Gas & Elec. of Bergen Co
7 r=
7'.
"Too
94,750
1,000
Tobacco
218% Consolidated Gas
'115 116
-128 'a 131
110
7
22,71
2,030
92H Colorado Fuel
218% 218
217
.Mav 9
Feb 16
1
22%Augl8 32% J'lv 8
89 J'ly s
83% Oct
200
4% Feb
8 J'ne20
100 22% May 3 30 J'ne2fi
pref
runsw.
17
'
Hep 20
'."i
.;
.;
-.
901
Anaconda Copper
Brooklyn Union Gas.
35«j
212
11
1
Jan
'•
*19% 20%
•85
11
'10
:
89',
6 34
12
*208
Do
76
'-2
a
1
24 '4
\pr:!0
j'nel
J'ne
j'ne
71
::
\i...
S"„ln
I'd
21 "a
!
Iic'.'ll
Marl
'.I
43% Glucose Sugar Refilling. 13,832 40 Oct 15
100
100 100
98% 98%
1,600 93% Mar
Do pref
22% 22% International Paper
22
28
2,100 18%MaylO
78
7s 'm 78%
77% 7S',
7S 4
-m
2,010 69 Jan 21
Do pref
87ia 88i»
87 % 88% International Power
3.100 54% Jan 2
88
87
300 '5% Feb 7
6% 6%
6% 7 International Silver
*33
38
33 Apr 25
Do pref
17
•45% 47
47
46
47
2,000 24% Jan 22
Internat'l Steam Pump..
*89% 90
*88% 88 \
89
550 74 Jan 21
89
Do pref
41
100
22
4(i' t
42
102
Do
Mav
% .fan
ll\J'n.
6,210
American Woolen
16
;;:,
215
129 V 130
-"'
pref
American Snult
Do
L5
1 5
7
I
35 34
'4
'115
111!
2581-2 $2581-2 258!-2
42
101 % •100
15
* 127
L7
217%
130
1
208
•10
92%
pref
* American
7
34
36'
7
-9
9
"71
*115
•126
•100
421-2
77
182
19
Do
4:;
119
116
L5
11'.
Do
American Linseed
85
85
Do pref
119 121
American Sugar Refining
llt;%116ia
Do pref
-99
100
American Tel'gh & Cabl<
157 160 American TelephA Teleg
85
1171-2
pref
American Express
American Ice
97% 97% 297% 97%
Hi
215
Do
t
38>4
800 24% Mar
35% J'nel 7 30 J'ne 37% Apr
100 85 Apr 10 91% Jan S 88% Sep 100 Apr
750 {169 Janl $205 Mar26j 5142 Mar 191
1,7«0 25% Oct 2 41% Marl 5 27% J'ne 4!>%Apr
20 62 Oct 11
77% Mai"22 60% J 'lie 7s % Feb
200
6 Nov lO'i Feb
5% Jan 2; 30%J'ly 9
31 Jan 24 66 Jl> 9 34% Dec 00 Feb
Oil..
25 V, American Locomotive.
85
Do pref
'i'l American Malting
27
Do pref
41% Amer. Smelt' g & Refin'!:
2.) '4
'2
84 a
*84
I
130
33a,
33% *33
46% 47
*10O
8
42
217
219$
115% 116% 115% 116
132
•15
15'-
190
261-2
t>2
Express
American Cotton
89
192
145
•15
4
<"
,.l
I
v 15
Mav
May
.",
'
v. tr. eta
prof. vot. tr. ct Is
Adams
j-rrvtmu
l'.ioo)
70i 4
-( p
5
65% Jan 21
61 % -rhSep 10 ino Jan 116
117 Aprl9 L67
Jan 81%1>"
817,600 76 Mav 9 LS3 Mav 2
4.025 Bl% J an 21 99%:Mav
70 % J in
Dec
89ie
malgainated Copper.. 300,880
5 American Bicycle
12
Do pref
450
25 V American Car & Foundry
4,150
SI
Do pref
670
•2%
1
400
Wisconsin Cent.
190
S7-',
SI
862
17
-45
25%
'2
si
*180
190
88
26% 2634
64
20
1:.
'•
116 34 118% 117% 119%
-115
110% 115% 110'-.
»98
100
99 100
* 158 % 1601-2 •157
100
9
2fi''i
;
'
*84*"
15
251
26% 26%
25%
6%
ht
'.
ill
26%
43%
2
-15
% 84"
14
1
1SS
•
'-2
mi
•159
Mil
'
86%
so Hi
30>9 30 hi
195
27'
-15
25
*
85i2
U9>.,
2(i''j
23% 26
84% 86
'UI4
6%
27
43% 44%
88
•„
25
26
SO
*180
190
ss
9%
L6
80% 81
30% 30
>4
6'4
s.V,
26
1
19
1 -.
'j
-'7'-.
U5
'-j
27
»
:
80% 30%
27*4
•61
•15
•45
25
81
90',
2%
l,s
26%
180
L90
S7' 4
5
1
J n. 8
J n<-25
.I'm 6
7ii'| J IK
"iii
l.ioo
>li~( vIImiicoii-..
•180
•
2:1 ',
1
pref
Do
...r
1
Do 1st pref
Do 2d pref
20*4
:.
.;
.Jan 2
18
67', Jan 2!
4,801)
22,160
&
pref
Do
I
|
Jan 29 123
'-2
29
W. V. tr
pref. vot. tr. ctls
heeling
50
20
10
Ir.
1
.
W'll'asli
\s
"28% 30
20»4
40 '4
(,'n.
'
-17% 18
IS
'-2
16
9.240
LI Dion Pacific
M<> pref
88%
ss',
49
*28
;il
98%i00%
99
voting
]..
1
75
58%
City Bapld Transit
iii
21
.'!.;
:.7
2
loo
pref. vot. tr. ctfs
Do
Tn
-100
Jan
:.
1
20
9,500
,1
38Hi ''Pexas & Pacific
122
1 hlrd Avenue: (S. Y.)...
Dii
98%
a ir
Lack...
San Fran
]ircf
Sii,iiln-rii PactflO
ftange
HighfMt
600
200
Do
32%
Year IU01
I
120
v. tr. ctf»,
pre! v. tr.cUn.
prrf. v. tr. otfa.
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:
:i2', Siiuihcrii
38
lis
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LO]
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66
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r
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67
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1
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,
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l
77'.,
.;:;
id
pii7
122
121%
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22
7s
iii ',
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Hales
STOCK
KXCII \M.I,
59
2
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1
tday
28
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16
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21
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Oct.
58
«122' 4
i
*77
Oct
.".7
j
Hi
uetday
/
11
11
Oct
SAtl
(Vol LXXIII.
i'lallnish
Franklin
Hamilton
Kinirs Co
L IslL&Tr.
Manufact'rs.
Nassau
People's
Williamsb'g.
J
Banks marked with a paragraph
(fl)
are State banks.
Stock Exchange -Bond Record, Friday, Weekly and Yearly
Ol (I l'\ l\l. MM
New ¥ork
IC
N
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STOt K i.M'iia
B l.\MV. OCT.
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Currency funding 1Eist ui Columbia 3058
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Oct '00
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I
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1894
995
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L933
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U4
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105
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96ViSep
111
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100
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93
102 Hi Sale
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Boone liridge Sec -Mo K & T
Bklyn <fc Moutauk See Dong i
Biun.sit West See sav i-'iit \v
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BuiUlo K it P gen g 5s...]H37
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in
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100
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104
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127
L28
6
..
91
:
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71
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20
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i
117
M-N
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105
72
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107
100
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130
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104
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118
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89
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Hi
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1
05
Hi
103
Mar'01
107
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96
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122
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W 1st g5s
111
Kan C A Pacific
Kan City Sou 1st
102
91 34
116
M
See
KAT
gold 3s.. 1950
A
123 V
1344
1374Aug'01
116
105
137
1184Aug'01
1184121
Nov'97
123
65
123
109
See So
Caney Val See
107
110
123*8
108
140
10741114
Aug'01
*100
* 95
Aug'01
114
108
J-J
J-J
F-A
J-J
J-J
J-J
J-J
J-J
101
10341094
104
106'i
54 Apr '01
1134Mar'O0
...
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11541154
Ang'01
---
i'0'4"
101
1074
1024Apt
104
104»b 104*0
102 Oct ill
1054 105 4!
3
4
.
98
Jan
1004103
'01
128 Mav'99
90*4Apr'01
1184.
90
100 Nov'00
llSSgSep'Ol
127<*a....
"99";;;;
11241154
124*' 5'24"
124
90
128
124
May'01
Nov'98
128
Sep'Ol
101*4 Oct '01
III™i'064 106
91
101*4 102*4
101*4 Aug'01
101 4 Oct" '99
*1114.
1 06
102
106
J
'00'
102*4 Oct
126 1294
12378 124
1014101*4
\b 106
106
4 Nov'00
105 4 Oct '01
107*4
i'02
J-J
J-J
106
J-J
99
100
107
105
994
9978 Oct'01
M-N 126 34 Sale 1254 126 34
10(.' 34
M-S 1004 Sale 100
80 Aug'01
80
75
M-S
J-D 118 119 117 34 118
997,
124
96
65
128
103
80
115*4 118
*
66
67
121
1214
1184Ocf01
1184
A-O 110 4 Sale 1104 1104
J-J
J-J
120 34l23
M-N
M-N
1084
1144 Oct
1 09 4 Oct
i'07"
109
110 4
1194
1154
'01
'99
1144114*9
J'ne'Ol
i'09" i'09"
964J'ne'01
95
100
101 4 Sep '99
Mo P
1st con
1st consol gold 4s
120
102
1024
103 4105
1911 M-S
NorShBlstcon ggu5sol93'J Q-J
1940 J-J
Sale
97*4
98 34
J'ly'01
121
123
102
105
100
102 4
100
105
984
102*4 105
J'ne'Ol
Oct '00
98 4
Feb'01
101
95
97
95
1094110
109 4 J'ne'Ol
107 Jan '99
105 May'OO
113 Dec '00
119*4
119
119
114*4
114 Sep '01
101 34 Sale 1014 101 34
110
M-N
A-O
M-S
J-D
Lex gold44s... 1931 M-N
114*4
99
994 99
106
116
103
130
1st gold 6s.. ..1930 J-J
MISCELLANEOUS BONDS— Continued
121
95
Coll trust gold 5s
1931
Coll trust 5-20 g 4s. 1903-1918
Cecilian Branch 7s
1907
Nash 1st g 6s.... 1919
E
NOAM
121*8
11041104
116
M-S
M-S
A-O
A-O
3
4
117
110
108*4 Ill's
lOSs, HI
1104
J-J
J-J
11
1104
1084
J-J
J-J
Louisv<fe Nashv gen g 6s. 1930 J-D
Gold os
193 M-N
Unified gold 4s
1940 J-J
114
664 724
1104May'01
A-O
A-O
Sale
General gold 4s
Ferry gold 44s
Gold 4s
HA
LCin A
34
66»4
66 34
63*4 Oct '00
See Erie
1st 5s
126
111
Gn.s and Electric Light
A-O
N Y B A M B 1st con g 5s 1935 A-O
N Y A B B 1st g5s
1927 M-S
119
94
1074
11541154
123
107
A-O
M-N
M-N
J-D
gos.hl93i Q-J
'(1931 Q-J
1938 J-D
1922 M-S
1932 J-D
Unified gold 4s
1949 M-S
Debenture gold 5s
1934 J-D
Bklyn A Mont 1st g6s.. 1911 M-S
1154118 s8
J'ly'01
1"
Rv
Begistered
125
104
1950
Ohio
<fe
1234
110
104
Kansas Mid See St L & S F
Kentucky Cent See L A N
Keok & Des Mo See C R I & P
Leroy
1084.
10G 34
95
11
g4s...l951 J-D
1951 J-D
guar gold 5s
105
115
10C 3 i
MS
&N
111
94
loo
.106=
.1
2d gold 5s
1941
North Ohio 1st gu g 5s.. 1945
112 115
L Sho A Mich S See N Y Cent
Lehigli Val (Pa) coll g 58.1997
Registered 5s
1997
11241124
Leh Val N Y 1st gu g 4 4s. 1940
Registered
1940
1184119*8 Leh V Ter Ry 1st gu g5s.l941
Registered
120*8 121
1941
Leh VCoalColstgug5s.l933
111 118
Registered
1933
123 34 124
Leh <fe N Y 1st guar g 4s.. 1945
107 107
15 139 1434
Registered
1945
El C
1st gist pf 68.1914
135*4 135 4
109 sir. 4 101*4
Gold guar 5s
1914
Leh A Hud R See Cent of N J
99
99
25'
82*4 91
Leh A Wilkesb See Cent of N J
109 Oct '98
116 116 Oct '01
119 119 Oct '01
94 Feb'01
107H 107 4 Oct '01
1154J'ne'01
08
L Sou 1st gu g 4s.... 1931 M-S
Bl & West see C C C & St L
1364
*
1st
Registered
St
1224
111
118
115
114
115
97 34
J
J.J
Lake Erie& Wist g 5s. .1937
'01
97*8 Sale
103 34
L& N
944 290 924 964 Long Dock
136 4
1 130 4136H
Long Island
Sep
103*4
J
1951
1951
Registered
1961
Spring Div 1st g 34s. ..1951
Western Lines 1st g 4s. .1951 F
Registered
1951 K
BelJev & Car 1st 6s
1923 J
Carb & Shaw 1st g 4s. ..1932 M
Chic St
O g 5s... 1951 J
Registered
1961 J
Gold34s
1951 J
Registered
1951 J
94 4 Sale
136 4 Sale
93 34
101
M
4
91
113
103 34Oct'01
Dee'98
106
984 Nov'00
99 4 J an '00
A O
J-J
J-J
1935
1935
lnd 111 & fa 1st g 4s
1950
Int <fe Great Nor 1st g 6s. .1919
2d gold 5s
1909
3d gold 4s
1044
1921
Iowa Central 1st gold 5s. .1938
111
Jefferson RR See Erie
113
A & G R See L S A S
Kal
an A Mich See Tol A O C
96
KC&MR<feBlstgug5s. 1929
108 3
J'ly'01
Feb '98
1134May'01
140
W
1204
1144
112
111
99*4 104*4
1104114 34
H4'4
99
102
Apr'01
Jan '98
116
116
J'ly'01
130
130 34
99
Dec '00
on Next Page.
and Electric Light
Newark Cons Gas con g 5s 1948 J-D
N
5s.. .1948 J-D 1 1 5
Sale 115
12 108*4116
115
Purchase money g 4s. ..1949 F-A
96 4 44 94% 98*4
964 Sale 96*4
'01
... 105
1094
Ed El 111 1st couv g 5s.. 1910 M-S 106 108 105 Oct
1995 J-J 119
1214Apr'01 ...121 121 34
1st consol gold 5s
NYAQElLAPlstron sr.">sl930 F-A
102 34 102 4 J'ne'Ol ... 10241044.
Paterson A P G A E g 5s. 1949 M-S
Peo Gas A C 1st gu g 6s. .1904 M-N
107 J'ly'oo
..
10241044
2d guar gold 6s
1904 J-D
102 4 J'ne'Ol
..120 126
1943 A-O
1244J'ne'«)l
1st oon gold 6s
Bofnndins gold os
1947
...
106 Dec '98
Ch G-L A Cke 1st gu g 5s 1937
1084111 108*4 Sep 'Oil ..|io"s 111
3 HO
104
..
J'ne'Oll
Con G Co of Chlstgug5s.'36
108
107
4
4 102
1044.
104
Eq G A F Ch 1st gu g 6s. 1905
104
104
102 106
Mu Fuel Gas 1st gu g 5s. 1947 M-N
106 105 34 Oct '01
..1109
109
Trenton G A El 1st g 5s. .1949 M-S
109 Feb'01
(ins
See P G A C Co
Columbus Gas 1st g 5s
193 J-J
Con Gas Co See P G A C Co
City
Detroit
Gas g 5s
1923 J-J
97
Det Gas Co con 1st g 5s. ..1918 F-A 105
EdElIllBkn .SeeKCoELAP
Ch G L & C Co
N YG&ELH&P
Eq G & Fuel See P G & C Co
Gas& Elec Berg Co eg 5s. 1949
Gen Elec Co deb g 5s
1922
Gr Bap G L Co 1st g 5s.. .1915
K C Mo Gas Co 1st g 5s.. .1922
Kings Co El L A P g 5s. ..193
Purchase money 6s
199
Ed El II Bkn 1st con g 48 1939
LacGas Lot St L 1st g5s.el919
Mut Fuel Gas Co See Peop Gas
latest bid
105
Tex gold
Registered
111 J'ly'01
123 34 Mar'01
107 J'ly'01
W
No price Friday;
A-O
1952
&
4s.. ..1963
Registered
L958
Cairo Bridge gold 4s
I960
Louisville Div gold 3 4s. 1953
Registered
1 Ii 53
LN
150
117
108
107
Feb'01
111
92*4
.121
YA
*
Mar'98
86
95 J-J
95
195] M-S
1952 A-O
Registered
Knoxville
1134.
M-N
Erie 1st est gold 4s
2d ext gold 5s
3d ext gold 44s
4tli ext gold 5s
5th ext gold 4s
5s. .1932
05
103
<
112 1124
150 34 1534
151 151
Jan '01
Eliz Lex
g
80
1999
W
11041114 lnd Dec &
'01
J'ne'Ol
IS 100
Minn SeeStPM&M
East
ast Ten Va & Ga See So Ry
See
Sep 00
:::::::
W
ext g 4a.. 1948
Houst E <fe
Tex Bee So Pac
oust ct Tex in Bi e s.i PacCo
Illinois Central 1st g 48.. 1951
lnd
J'ne'99
1104 Oct
of
111
1
\
ml
I
Registered
Col<& 11 V
14541474
149
10 116
102 *4 1024 102*4 1024
108 34....
111 J'ne'Ol
115 113 Sep '01
W
Ed E
J
A
im
1474May'01
145
'113
Dul & Iron Range 1st 5s. .1937
Registered
1937 A-O
2d 6s
1916 J-J
Dul Red
& S 1st g5s... 1928 J-J
So
Shore
&
Atl
Dul
g 5s.. 1937 J-J
EqG LN Y 1st con
.Stnee
January
I
454 794
W
Ev&TH
J
Registered
M-N
194 M-N
1919 M-S
1923 M-S
1920 A-O
1928 J-l)
1st consol gold 7s
1920 M-S
1920 M-S
1st consol g fund 78
Erie 1st con g 4s prior. .1996 J-J
Registered
1996 J-J
1st consol gen lien g 4s.. 1996 J-J
Registered
1996 J-J
Penn coll tr g 4s
1951 F-A
Erie 1st 7s. .1916 J-I)
Buff N
gold 6s
Butt' A S
1908 J-J
Chic& Erie 1st gold 5s.. 19S2 M-N
Jeff RR 1st gu g 5s....al90i) A-O
Long Dock consol g 6s.. 1935 A-O
Coal A RR 1st cur gu 6s. 1922 M-N
Dock <fe Imp 1st ctir 6s. .1913 J-J
N Y & Green L gu g 58.1940 M-N
Mid RRofN J lstg6s. 1910 A-O
N Y Sus & 1st ref 5s. 1937 J-J
1937 F-A
2d gold 4 4s
General gold 5s
1940 F-A
Terminal 1st gold 5s. ..1943 M-N
Regis 85,000 each. ..1943 M-N
Wilk& Ea 1st gugSs. 1942 J-I)
Erie & Pitts See Penn Co
Eureka Springs 1st g 6s. .1933 F-A
1st consol 6s.. .1921 J-J
1942 A-O
1st general gold 5s
Mt Vernon 1st gold 6s.. 1923 A-O
Sull Co Branch 1st g 5s. 1930 A-O
Ev& lnd 1st con gug6s..l926 J-J
Rnnf/e
No U.ow High.
Jliyh
100
1
lOO'l Sale
D
Gold 34s
A-O 116
A-O
A-O 11041114
A-O
M-N
A East 1st g 5s. 1941
A B San See C & O
Elm Cort A No See Leh ANY
Ash Low
.1
Midland Divreg 5s
192]
St Louis Div gold 38....1951
.
Elgin Jol
ale
48. 1941
See l'i mi ( ',o
1, rav's ft Tern
See st L 6
('
(it Nor—
I;a .;... 11 tl La L921 J-J
(iici nliricr By
See Chea
O
st
Jo Bee C B & Q
Han<fe
ousatonic 8ee N Y N II A- II
Hock Val l.st consol g 4 4s. 1999
J
12941304
80\ 57
80 K 30
884 125
80
88 H,
FA
1995
>),L l'i
100
Registered
Improvement gold 5s. ..1928 J-D
Rio Gr So gu See Rio Gr So
Den A S West gen s I g 5s 1920 J-D
94
Des Moi & Ft D See C R <fe I P
Des M A Minn See Ch A N
Des Moi Un Ry 1st g 5s. .1917 M-N 1064.
Det M & Tol See L S A M So
Det A Mack 1st lien g 48.1995 J
98
Gold 4s
1
Coll Trust gold 4s
M-N 103
A-O 115*2.
J-J
J-J
ir
Registered
1294May'01
,
FA
MS
MS
'
§'< s.
102
1st
1st
'
1st gold 3a sterling
M-N 136
1871-1901 A-O
7s
1915
1st consol guar 7s
J-D 1364.
Registered
1915 J-D
N Y Lack & 1st 6s.. .1921 J-J
1923
1923
Term & improve 4s
Syr Bing A N Y 1st 7s. .1906
"Warren 1st ref gu g 3 48.2000
Del & Hud 1st Pa Div 7s. 1917
Registered
1917
Alb <fc Sus 1 st con gu 7s. 1 900
Registered
1906
Guar gold 6s
1906
Registered
1906
Rens & Saratoga 1st 78.1921
Registered
1921
Del Riv RR Bridge See Pa RR
Denv& R Grist eon g 4s. 1936
Consol gold 44s
1936
W
iraiid
(
Sep '00
111
1
W
Construction 5s
Co
Ii
Deu
I
CM
M orris &
I'
<ft
Range or
-
g6a....l921
Ft
<w BloGr lei g3 1> 1928
/ 'al liar A 8 A
See So
* 'al II & II ol L882 1st 58.1913
Ga<fe Ala By 1st pfg6s...l94
1st consul /is
01946
GaCar<fe No 1st gu g 6a.. 1929
Georgia Pacific Bee 80 I'.v
iila V <i&. Nor
Set 80
100 4
95
W
Dak
W
,"=._
J-Ytilrni
Bid
Pen 1st a 5a. ..1918
land gr ext gold 5s.. 1930
I
A-O
1st
-i
l
8u Cn M i
M See Pen
I'm-
OouvAOawegal SeeN
-ol
.I'll.
J-D
I
1
r.
Conaol gold 5a
ii
101
99
loo
1
sink imd 7s
11*14
Qenerol oonaol gold lis 93
Ri glatered
1934
Iini in A
tatprel 48.1940
tit
i)
a- \v 1st pf 6a.. .£1938
P60<fil Bast l.st cm 4s... Ill 111
('nil si
o<
A Vi. K
i
kl936 <{.y
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Cin s A i'l I'nii 1st g 5a.. 1928 j-.i
I' C A
siil 78.
l'.U
j-i)
1
Week' I
N'i'll
a-
Foil St
i
/.
,\c
'in
1st
''.''.'
J'ly'01
1
I
lint
BTa
I.
Ending
k
i
17argo<t so
Jan '00
Deo '00
Ool '00
LIS
MS
..I Dlv
Lai g La. .1940
Bpi a
\v Val DIt 1st n la.. .1940 IC st i, a C consul 6a. .1920 M N
1st gold La
L98I Q.J
i
W
Sep
107'i lo7't
lHl'i
117
'01
'in
l,
Mali S«a B B<J P
Lgeneralg48..1993 J-D
<;:nni Div 1st gold Is
1989 J-.
Cin \V A M
L991 J -J
St 1. Dlv 1st ool tr g 4a.. 1990 M-N
Registered
1990 M-N
Clearlield
is
i
i
\vi
1
(IS
94
94
1
.liiim/nil
High
.,<
107W1J
.1
Cm
i
94
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I
hiii
In
18
Oet.
'
STOCK
N. Y.
Hi
s.llr
I
[Vol. LXXIII.
BON DM
Vninjr
HT
Bid
i
«-
teie'e
\
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'
/rirr
185
lOK
V. ST.
N.
- Page 2
M-S
YGELHAPg
:i
Sale
974
96
Oct
105
24
'01
11841194 HS4Oct'01
94
102
103
106
118411S4
.
J-D
J-D
62
....
Oct
67
'01
1854Apr'01
F-A
107
:i
4
67
155
102 4
124
96
107
126*4
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1854
A-O
A O
A-O 1214
J-J
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96
1004110
and asked
124
96
109
this -week.
124
Oct '01
lOO'g
a
Due Jan
96
110
d Due Apr
.
.
E LA P
lstsf g 5s. 1950 J-J
Western Gas Co col tr g os 1933 M N
Utica
e
Due May h Due
J'ly
k
Due Aug
o
Due Oct
||10741O7*a
1074 Jan '01|
9 Due Dec * Option sale
October
Bond KeCOrd—Continued— Page 8
19, 1901.]
BONIM
N. Y.
\\
I
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KK ENDING
18
A Nmliv- (Continued)
Loiusv
r.
61
I.
I
old
J.Uimje or
Oct
Last
%
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l
FA
A
I.
LN
Bdge Co gu a La.. 1946
AACli S«*0 I A L
Jrii
.
MS
Sw I. S .te M s
anhattan Kv oonaolia. 1990 A
1990 A
Registered
1908
Mctropol El 1st e 08
Million Coal
.1
Si a n s
w
Colonla g 5a
MoK'p! a B
L93
...
l
(I
116** Sale
J
l;il
1
consul income i: lis.,ooneol Income g ;ts..« 1989
l'.n
Equip A ooll gold 5a
2d series gold ."is
1919
Mcx Internal 1st con ^ is. I'.iT'
Mcx Nat 1st gold 6a
192
M
...1910
Midi Cent .See N V Cent
Mid of N J See Erie
Mil L B A \V See CHlo <S N
s.
|i
Oct
115
1
104
111
ni
'01
1
L
I
84
II'l.V
A
(1
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804 8ale
20 4 Sale
riv
110
106"
lb'6" Mar'Ol
102 4 103
100 4 May'01
116
lit!
102
L06
1
J
84
80
84 V
40
151
204
4
204
8
1
ltl
90% J'ly '01
M S
Jil
14
L
1154
io'6
1064
78..1927
1st gold 7s
1909
103
98
Sale
33 4 34
103 ....
D
'a
Apr '00
96
4 834
105
981.,
844
j
j
n 145
64
106
L74
804 90
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13
27
82 4
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85
23
984
May'00
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1
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MSSMA
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Minn Un See St M & M
Mo Kan A Tex let g 4s... Hum
124
.
19
.
1204.
MS
103
St L pit See BCD & X
APl8t5sstpd4sint gu 1930 J-J
Alstg4int gu 1926 J -J
Minn &
.
1474 M7K
147 4 Feb '01
119 J'ne'01
123 4 Apr 'ill
122 4 Feb '01
121
121
1034 Oof 01
.
119
1
.!
193 M-N
949
1
.
J-J
95
98
98
J-D
99 4 Sale
98%
119
122 4
194
7s.
1st gu g 5s...
Dal<fc
ATofTlst.(in ft 58.
So 1st gu g 5s
Sher Sh
Pao 1st g 4s...
Tebo Neosho 1st 7s...
M-N
'01
Apr '01
Oct
99
105
MS
98
Begistered
94
1990
mo:?
L942
1900
1920
1920
Begistered
1920
Cent Br By 1st gn g 4s. 1919
LeroyACVAI.lstg58 1926
Pac R of Mo 1st ex g 48.1938
2d extended gold 5s. ..1938
St L Ir M& Sgen con g 5b1 931
Gen con stamp gf d g 5s 1931
Unified & ref gold 4s.. 1929
Begistered
1929
1st g 58.1926
Verdi
Miss Riv Bridge -See Chic & Alt
Mob A Binn prior lien g 6s 1945
Mortgage gold 4s
1945
Mob Jack A K C 1st g 58.1946
Mob A Ohio new gold 6a.. 1927
let extension gold 6s.. hi 927
1938
General gold 4s
V14W
J P Morgan
Montgom
St
LA
A
Co
.
.
.
MS
a 191
let coll gold 5s
.
.
116V
J-J
J-J
91
J-J
J-J
108
92
1928
Jasper Branch 1st g 6a. .1923
McM M A Al I8t6s..l917
Branch 1st 6s
1917
Nash Flor A Shef See
let consol gold 5s
1134119
1274128
A-O
112
Begiatered
Lake Shore oouaol 2d 7s. L903
1903
KegU
1997
(.old ;i'-..s
1997
RegUtered
Del -Moii A Tol 1st 7e.l906
1
\ a. (i
M.ihon
1903
Gold mortgage 34s
1997
Begietered
1997
Debenture 5a of. ..1884-1 904
Begiatered
18841904
Beirut deb 5a of.. .1889.1904
Debenture g 4s
1890-1905
Begistered
1890-1905
Debt certs ext g 4s
1905
Begistered
1905
Lake Shore coll g 34s.. .1998
Begistered
1998
Mich Cent coll g34a....]998
Begistered
1998
Beech Creek 1st gn g 4s. 1 9:?0
Registered
1936
2d gu gold 5s
1930
Cart A Ad 1st gu g4s...l981
McK a
2d guar 6a
a
J'ne'01
115%
116 4 J'ne'01
92
92
gen g
No Westn Teleg
See
•
I
See
J
I
.1
Lai
105%
105% Sep "01
106
Sep
.104
Sep '01
1054 May'01
1094 Sep '9
i'04
1034Apr'01
1024 Jan '01
101
103
95% Sale
95 4 Sale
94 4 Sale
.1
140
.
139
.
128
.
1044.
lol=4
.
1044O01 '01
L01%8ep 'M
lis
.
11
1294.
1920 M-N
100
107
115
119
130
96
116 34
1014
14 1264*130
111
181 Anu'lll
27 '-Nov 1111
110 Mar'Ol
109
116
82
1044108
100 107%
1074IKP4
1 09 4 1 09
101 100 4
105 106 34
1024104%
10241024
101 103%
95
94
99
96
97
974
93% 974
111
112%
.See N Y C A Hud
NT Y Lack A W See D L A W
N Y L E A W iS<>e Erie
NYALongBr SeeCentofNJ
N Y A N E teNYNM.HI
N Y N H A Har 1st reg4s.li)03
Convert deb certs $1,000
Small certs $100
Housatonic R con g 5s..l9ri7
N H A Derby con g5s..]91s
E 1st 7s
NY
190C
1905
1st 6s
N Y A North See N Y C II
AN
M-N
L15%MaV'00
J-J
12S
113
.106
Apr '99
llo
100
105
Oct
102
Feb'01
00
100
Sep
'Ul
106
105
1094
107
200
Oct
Jan
Sep
'00
jil
1996 A-O
CCA T 1st gug5s
1922 J-J
Scio V A N E 1st gu g 4s 1 989 M-N
North Illinois See Clii A N W
106%.
1004.
97% J'ly '00
1074 J'ly '01
1024 1024
11041124
132
2
136
12941334
131
134
64
994104
lo
10741074
99 1034
W
Q-J
Q-J
Q-F
Q-F
J-D
J-D
F-A
Registered certifio'8..1923 Q-F
St Paul ADul 1st 5s. ...1931 F-A
ANP
1917 A-O
2d 6s
1st consol gold 4s
1968 J-D
Wash Cent 1st g4s
1948 Q-M
Nor Pac Ter Co 1st g 6a. .1933 J-J
1044 Sale 1044
104
72% Sale 724
70
724 704
1044 201 103 106
1034105%
72% 188 094 73%
6
70
72%
704
Oct '01
99% 102
105 4 99 34 J'ly'01
128
132
128
1114.
103
.
Sep '01
J'ly '99
128
1314
1224Feb'01
110% Oct '01
12241224
106 J'ly'01
88 34 May'00
117
117
102
1124J'ne'01
95 Deo '00
112
1094
108
111
Aug'01
102
105
112
1154
110%117
106
1154119
Nor Ry Cal See So Pac
Nor Wis See St P M A O
Xor A Mont See N Y Cent
J-D
g
General gold 5s
1937 A-O
Ore A Cal See So Pac Co
Ore Ry A Nav See Un Pac
Ore RR A Nav See Un Pac
Ore Short Line See Un Pac
St
NYC
SmC&NW
P
1946 J-D
ac of Missouri ,s>c Mo Pac
1st 8 fund g44s.. 1917
Sink fund subsidy g0s..l91()
Penn Co gu 1st g 44s
1921
Registered
1921
Guar 34s coll trust reg.1937
CSt
P 1st con g 5s.l93
Registered..1932
LA
CIA Pgengug448serA.'42
Series B
1942
110
102
1004102
'00
1124
1084
J'ne'01
1094
105
101
113
111
1134
119
1104J'1\ '01
102 Nov'98
1214 Oct '01
120
121
Oct '00
102
Nov'00
114
114
Sep '01
Jlv'01
A
NAC Bdge gen gug44s 1945
P CCA St Leon gu g44s
112
1940
113
Series A
Series B guar
19
Sene8C guar
D
4s guar
12
E 84 guar g
W
A C 1st 7s... 19 12
97
133
133
1912
Due Jan
101
e
i:;o4Apr'oi
130 Apr'Ol
Sale
101
De Bardel C A I See T C A I
Gr Riv Coal A C 1st g 6s. .1919
JeffAClearCA Ilstg5s.l920
2d gold 68
Pleaa ValCoal 1st
1064
101
117%
1164116%
1064 1064
97
V'.i\
13241364
L35
1864
128% 136%
5s. 1 92s
5s. 19 40
1064 Feb'01
1024
107
107
Oct '01
104
1114 108
Aug'01
Feb'00
Oct '01
105
110
112
100
1044
M
Birm Div 1st consol 6s. .1917 J
110
Cah C M Co 1st gu g 6s. 1922
DeBarCA I Co gug 68.1910 F
101
A P C Co 1st g 58.1919 J
Manufacturing A. Industrial
61
1044 Amer Bicycles fdeben 5a 1919 M s
Am Cot till ext 44s
1915 Q-F 100
Due
J'ly
1O041064
904 108
95 4 Jan '97
107 May'97
80 May'97
105 Oct '00
116
/t
15
1064.
1920
gsf
RochAPitCA Ipnrin
J'ne
118
on Next Page
Coal and Iron
Col Fuel Co gen gold 6s. ..1919 M N
Col FA I Co gen s f g 5s. .1943
Due May g Due
114
113
Mu.voi
135
/il912
WhLE
N YCA H
12141264
1324Sep'01
111
111
11041144
1164Feo'0]
1064 J'ly'01
1942
1945
1949
.7
Sep '01
Nov'00
Dec '(Hi
1134
119
116% Sun Ck Coal 1st g a f 6s.. .1912 J
Tenn Coal TDivlst g0s.al917 A
1054109
'01
1094
101»4 107
Series C 34s
1948
Series D 34s
1950
Erie
Pitts gug 3 4s B.1940
Series C
1940
2d7s
3d 7s
Oct '99
a
Bep'01
2014Oct
J-J
112
Friday; latest bid and asked this week,
121
1224
1254129
L224M«y'bl
117
M-N
1184H7
101
55
110
110
L064Nov'00
J-D
A-O 202
1134 Oct' 01
111
J
1
i
Series
Series
Pitts Ft
J'ly '98
1084
31%
L27
Oswego A Rome See
964
95 4
944
Oct
:u:t4
19
I
108
94
110
100
1004May'01
West Un
106%
.1
32 102
i'1'7" ;;;;;
109
9
N YO AWref lstg48..</1992 M-S 102 34 Sale 1024 103
1014Nov'98
Regis «5,000 only
992 M-S
N Y A Put See N Y C A H
N Y A R B See Long Island
N Y S A W See Erie
N Y Tex A M See So Pac Co
107 111
1124 J'ly '01
Nor A South 1st g5s
114 117
1941 M-N
132 May'01
1194125 4 Norf A West gen g 6s
1931 M-N 134
131
131
Improvem't A ext g 68. .1934 F-A 1294
10041094
131% Oct '01
New River 1st g 6s
1932 A-O 131
Sale
1024
103
103
A-O
103 110
N A W Ry 1st con g 48.1996
874 96%
Aug'01
1004 Oct
140%
pi 'in
110
121
Mar'Ol
1114 Sep '01
106 J'ne'98
95
117%
108
87
106
1274132
96
1124115
117
J
'01
B9»a
102%Aug'99
96%
944
944
111
.1114
ll)'4
Mai 00
117«B M
li
gu 6a. 1932 J-J
North Ohio See L Erie A
Northern Pacific
11441164 Prior lien ry A 1 gr g 4s. 1997
10 844 964
Registered
1997
General lien gold 3s
a2047
Registered
a2047
CBAQcoUtr4s See Gt Nor
St Paul-Dul Div g 4s
1996
Registered
1996
StP
gen g 6s. ...1923
101
!
1
114
108
114
'01
109% Sale 109
109%
1094May'01
10%
!
10
1104
A
SeeCCCAStL
OIndAW
hlo River RR let
58.1936
10534
6a.. 192(5
ext 1st con g 6s. 1902 F-A
Dev Co gu g 5s. 1909 J-J
No price
109
108
76
97
Cah Coal Min SeeTC 1&~R
I
H
118
200
130
Coal and Iron
ColC A
CA
J
Panama
1940 J-J
Northwestern Tel 7a.. ..1904 J-J
Ool
1094
lsl 5a. .1984 J -J
Pac Coast Co 1st g 5s
West Union col tr enr 68.1938 J.J
Fd and real est s 44s. ..1950 M-N 108
MntUnTel a fund 68...1911 M-N
Clearf Bit Coal
D
D
134
Corp—
6s..
.1
.1
L12*i
1134
.1
OCFA
MetTATlataf g5s
1918
MutUnTelCo SeeWeatnUn
N Y AN J Tel
118 " Bale
134% J'ly '01
98
100
105
113
Oct '01
Aug'01
934 Sep '01
94 Sep '01
113 Sep '01
128
128
....
112 4Oct*01
1224 113 Dec'99
1164...
111 Dec'99
g 4s. .2397
2397
f
.1
1344.
98
Am Telep A Tel coll tr 4s 1929
Registered
Brie T A T col tr g
\
guoSa
.1
J
1984 J-J
191s
J
MeKeesA B V
Mich cent 1st 0OD.BOl7a.1902 M N
1902 M N
1st consol 5s
1909 M S
6a
M B
1931
5s
Registered
1981 i) M
1940 J
4s
istered
1940 J-J
Hai c & Bturlatgng8a.l989 J-D
N V A Harlem g 3 4s. ..2000 M N
Registered
2000 M-N
N V .t North 1st g 5s. ..1927 A O
ext
1 922 A-O
con
1st
5s.
h
R AO
Oswe A R 2d gu g5a...«1916 F-A
R A O T R 1 8t gu g 58.191 8 M-N
UticaA Blk Hivgug4s.l922 J-J
N Y chic & St L let g 48.1987 A O
19: 7 A O
Registered
X Y A Greeuw Lake See Erie
MISCELLANEOUS BONDS—Continued
1st
Kit
11
J
102
2o:;4
Telegraph and Telephone
Comin Cable Co
lsi
it
("1
O
A
10»*J
195
I
1st 7a.. .190
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A
b
A
.
..
102
196
894 904
1014Apr'01
J-J
J-J
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J-J
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J-J
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1st 8f intgu g4sser
1st
1)
gu. ..2361
FA
lo.i
ni
1034
MAM
L
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\
•
130
125
MS
SeeSPCo
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Morris A Essex See Del
K
K Y Cent A H B
A Mont
Shore
st
100
108
1057e
874 91
'01
May'01
Aug'01
High
'
99 34
1064
90
'
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LAW
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l<»74J
M»7 4
102
|i
98
'01
'01
1104 J'ly '00
85
J-D
J-D 130
g 5a. .1947 F-A
Cairo gu g Is.. ..1931 J-J
AT
1
1980
96
125
104
116«8
See N Y C A
Monongahela Riv See B A O
Mont Cent See St P
•
Sep
Oct
MS
liiv 1st
>TaahChatA
114
125
104
100
105
116
ctfs.
Mohawk A Mai
It
Registered
105
116
A-O
A-O
*01
904J'ly'01
111
J/iyli
.t.
105
1034J'ly'01
924 89 4 Oct
J-J
J.J
Sep
1064
F-A 106
F-A
F-A
90
F-A
80°, 10*
ib"64 105
J-D
105
90
F-A
93
J-D
A-O 1094.
M-N 114
Missouri Pacific 3d 7s
M-N 125
latoonsol goldOs
Trnstgold 6s stamped.al917 M-S 104
1
.
Atk
ul
'01
98
994 40 964
80
1044 104% Oct '01
100%Nov'99
103
1
Wa
A
KanC A
A
MoK A Elst gugSs
1
906 M-N
1940 M-N
1942
Boonev Bdg Co gu g
MK
794 80
?1990 F-A
tinge
12341234 N Y A Har
122 4122 4
110 4121
97 105
l>
2d gold 4s
latext gold 5s
II
W
i)
Iowa Ex
Pacific Kx 1st gold 6a ..1921 A o
1910
D
Ex
1st
SouthWest
g7s.
.
w
1
.
Ka
1
one
.1
N
W
1st irold
1st oousol gold5s
1st and refund cold 4s.
I
Hi
1 992
>Ml lnl 4«... l'lsi. F
nil- ..s
.
L9
cS
St
111
1
W
A Mad SwChioANW
St P
Mil* North See Cli M
Mil A St P Seech M .V St P
A
"
18
17
J.
'inuary I
I a.-l
1
Kegiatered
N \ A I'd Is:
102
Mil
Minn
ontinued
\ v cent a 11 B
Goui * Oawe si gu g 5i 1942 J 1.
Mob A Mai lsl en t 4s.. 991 M S
l'n is
2d Inc. t'is a on atmnd..M8T M S
\ IIL2d income gold lis H...MIH
1st gold 6a.
M. 11 HI
Aug'01
'.'i.'i
eek'M
Since
-
1st glis
it
Mex North
I
11
17
II
WOE
V BTOI B BXI 11
W'n k ENDING OCT, 18
1
Jl>
8m N v Cent
Set Man Ky
\
Metropolitan El
M. Cent consul gold 4s..
1
102 4
()
h
L94 L1B4
1264
10
100
III'-..
1
I
II hi
1
1
N
100
.
1
er.
January
Dei no
ran (il
LIB
MS
MS
'
:-
I
SaU
1
1244
1921
72
1980
2d gold 8a
00 Sale
1
Ki'iiiiickv Cent gold 4a.. 1981 J J
s
u
A N A M A \l Lai
4« 194
N Kia 4 8 i^t gu g 5a... 193 F-Al 111
r.
A
I'fiis a ah 1st ica g 6a. .1921
1 1 4 4
?- a
\ \i.i oon gu
Be.. 1986
L91U A (i
sink Fund gold 6a
gold Os
Iiiv 1st
•No
H it/It No
Ask Low
l94May'0]
(is
BOND*
Jiange
js
Fridat
ISut
1980 J-J
us kcola Div gold 6a.. .1920 M S
N
Week'
Price
ttj
STOCK EXC1IANGB
B29
p Due Nov
s
....
105
107 4 lnl
32
Jan
'00
66 Oct
63
100 4 Sep
101
Option sale
*01
'01
Bond Record— Concluded— Page 4
830
BONDS
'*.
'-
Kangt or
January
real est
si
I
Hiah
Council sterling
•_
DRRR&Bi
I
ei
KB
Lai
p
i
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UN
J
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.
am
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i.
a
1941
111
1936
106
2d gold 4*38
1
1
si
'i
Martin
Hi'-.,
112
-I.
112
I
112
is
.
oonsol gold Bs
1939
.".
:
i
133% Jan
NooiCal
m
Mil
Oct
127
Ft b'01
.In. "I
i:::.',
1331a
(Ml
126
12
111''-'
1
137
PA
1
08
L09
127
%
115%
1
1
I
S Hot Cal
K
122
Ill
90
Pitts
Oct
120
'01
120
See
J'ne'99
118% Sep
'.i-
HID'..
Hill
'01
J'ly'97
Oel '01
Aug'01
121% Mar'01
lr.i'i
96%
92
lOIS'l S;ile
97
95
.
&
91
107%
84% Sale
BIUPCent
96%! 113
01
Apr
100%
103 l4
i.ug'01
96
JO Oct '01
105 Feb'01
84ia
8 l
WS
93
2
1
1133a
118%
99
98
100%
lOCa
121
121'.
92 'a
92
99
92
98 % 103 34
93'4
90
105
9Gi4
90
105
80ia S4 34
92ia 9414
'•
Rome Wat & Og See N Y
SagTusA; H SeePereMarq
aft
Lake C 1st g
s f 6s
.
. 1
! 1
1 ,i
33
I
L
94
121
94
94
89 13 98
128
116
Sale
'105
98% Sale
78% Sale
M
114
142
114
115
117
105
98
78
2d
98%
78 3
4
Oct
.1
tt6scl909-10 .1
1906 A
g6a
lies B
L905 A
g 8s series C
g 6s series
.t
Ki
v.ww
133
L22
95i4 101ia
71
82%
11634 118%
139 142
ao
'01
Apr'OO
Apr '9,
104
1
12
.
I3«s
II
107%
08
i
.
'(Oct
113%
110%1 11 %
110
111
I
137
123
J'ne'01
137%
Ang'Ol
125
113
Jan '01
1st
113
1
<Mi
107%
'i
,
107% lOS'aJ'ly'Ol
l
111
[
'nsi,
11
107'sMar'O]
111 "sBi p
1
M-N
1
W»4
10% 114%
111
%
1011
.
Vpr'n]
108H:J'ly'Ol
108
K
120
Peb'01
119
120
1(17
Nov'OU
110 34
1U
106%
11414
11414
110
J
Apr'01
Nov'97
110
110 34
110
F-A
MS
107
inii'i
J-J
119
jj
.
Sale
j
j-.j
112
J-
100
lie
.
ET Va&Ga
Div g 6s. .1930 .JJ
1950 M-N
Con 1st. gold 5s
E Ten reor lien g os
1938 Ms
Registered
1938 M-S
Ga Pac Ry 1st g 6s
1922 J-J
5s. .1909
Sale
ill
14
1
J-J
AlaCen R 1st gGs
j j
Atl& Danvlstg4s
19481 JAtl<fe Yad 1st g guar 4s. 1949 A <>
Col* Greenvl8t6s
1916 J.
Knox & Ohio 1st g 6s.. .1925
Rich & Dan con g 6s
1915
111
J-J
J-
J.J
MS
1927 A-O
Rich* Meek 1st g 4s... 1948 M-N
SoCar&c.t 1st g 5s.... 1919 M-N
Virginia M id serD 4-5s.l921 M-S
Series ESa
1926 M-S
Sale
95
96 H*
108'aJ'ly'Ol
117i 8 119 34
103 34lll
117VT'ly'01
Lie
109
96
120
1
112 8< p'03
9Sia 100
120 Mar'01
95 34 Oct '01
11%
119
112
100
120
96
1193., ..
121
J'ne'01
IJv'allO
UVsJ'ly'Ol
119ia....
lHHa lie's
112ia 1131a 113'a 1131a
127
124% 128
124'"
117
12,-;"
124
121
23
101'4J'ly'00
110 ....
110
110
83 Dec '1111
io8>a lift's lOSia 108'-,
102 Oct '99
113
114 Si
117 Oct '01
lie's,
116 Aug'01
lie's
85
91 is Sep '00
119
120% J'ne'01
1
1
121
111% lie
127-4 Sep 'ill
126 J'Jv'01
t
121
117% 129
1
'g
121
119 34
1
% 129
09
I
111%
3 ioo"iio'"
.
114
113
115
114
116
120%
117
116
.
.
117
J'ly'00
& Lew See Penn RR
Bing & N Y A'wDL&W
Tebo<fcN SeeMX&T
1 erAof St. List g4ias.. 1939 A-O
1st con gold 5s
2000
1st gold 5s
2d gold inc 5s
<y2000
1931
La Div B L 1st g 5s
1935
Tol<& O C 1st g 5s
Western Div 1st g 5s. ..1935
General gold 5s
1935
Kan &
1st gu g 4s.. ..1990
TolP& Wist gold 4s. ...1917
Tol St L &
pr lien g3 ias. 1925
50-vear gold 4s
1950
M
W
J -I)
119
98
Mai-
J-J
J-J
114ia Sale
A-O
J-D 105
96
A-O
98
9S
J-J
J J
93*2
A-O
81 3a Sale
lie's Mayoi
115 Mar'01
11514
115
115
104
104
104
Feb'01
1191a II914
92ia
96
111 J'ne'01
115%120%
114
114
113
113
103
90
J'ly'Ol
Sep '01
96 'a
"a
92 ia Oct '01
90 Oct '01
81%
81
17
98ioJ'lViil
100
1-H
99
J -D
J-J
J-J
108
108
105 34 Sale
105%
M-N
106% Sale
04 io Sep HI
IOC's 107%
J-J
J-D
F-A
J-J
107
108 % Sale
126ia 128
115
Oct
1
110 Apr'01
103 la 103'
127 Oct '01
117%
117%
103ia
103%
117io.T'ne'0f
113
Mar'01
117%
115
'4
108%
96
99
B6
88
95
92
'4
%
7.;
98
100
106% 109
'ol
106
100
H0%111
1141-2
105
96
-
1908 J-J
& Nor 1st 7s
Gold 5s
1926 J-J
Uni N J RR
C Co See Pa RB
Utah Central See Rio Gr Wes
Utah & North See Un Pacific
Utica & Black R See N Y Cent
\t er Val Ind & W See Mo I'
* irginiaMid
See South Rv
1939 M-N
Wabash 1st gold 5s
2d gold Bs
1939 FA
Debenture series A
1939 J-J
1939 J-J
Series B
Det&Ch Ext 1st g 5s. .1941 J-J
113%116
116%
113ioOct'01
11214.
113'a.
Utah
i*2*i"i22"
100
14 9
112
191s
Syra
2
•.
.
'.
Bs.
113 3 i lie's
116'8110'h TorHam&Bufflstg4s./il94(;
116 12<>ia Ulster& Del 1st con g 5s 1928
102%:»7%
nPacRR& 1 gr g 4s. .1917
1947
106 106
Registered
106 110
1911
1st lien convert 4s
OreRydrXavlstsf g(is 1909
Ore Ry & Xav con g 4s. 1946
Ore Short Line 1st g 6s.. 1922
1st consol g 5s
1946
Non-cumincA 5s
132 140
ftl9
121% Aug'01
121=8.
112^119
in,
1
a
1905.1937
g (is.. 191
S P Coast 1st gng 4s.. ..1937
Tex& N O 1st 7s
1905
Sabine Div Istg6s....l912
Con gold Bs
1943
Southern— 1st eon g 6a
1994
Registered
199 1
Mem Div 1st g 4^-58.. .1990
St Louis div 1st g4s ... 1951
Sunb
1
lli'ih
107U
1 1 V, O
89
106
O
1912 A
(is
guar g
Stamped
8 Pac of N Mox
D.1906
.1
18941944 F-A
96 100
St L M Bge Tergu g 5s. 1930 A-O
97 10234 Tex & N O See So Pac Co
lOOialOOia Tex <fe Pac E Div 1st g 6s.. 1905 M-S
139ia Oot.'01
115
136ia
9H4 102
13914 139i4
137 34Feb'99
111 Oct '01
116is Apr '01
117ia 1171-2
1051a 1051*
106 May'Ol
128
07
lllO'l
104
129
2851 103
110 110
2 1013410-,',
130
125
3 115
5 103% 106
119
117
113 113
96
1
<fe
122
120
Apr'99
Aug'01
>
8FePres& Phlstg5s...l942 M-S
8 A & A P See So Pac Co
8 F & N P 1st sink f g 5s.l919
SavF& W
108
112
111
112
114
llliaOct'Ol
123%
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 gug 4s. .1938
Sil Sp Oca
G gu g 4s. .1918
Scioto Val
E See Nor
Roa 1st 5s
Seab
1920
Cent
con
Car
1st
g 4s.. .1949
Sher Shr
So See
K T
Sil Sp Oca
G See Sav F
W
109
120% Jan '00
123 Dec '99
87
94 34Feb'01
106iaFeb'01
87 Aug'01
91%J'ne'01
&W
104
111
HOialllia
94 34
106ia 109 34
87
87
94
91k 91%
1191a
U9 34
110
....
100%
Gold 4s (Cent Pac coll). fcl949
Registered
fcl949
92%
Sale
Sale
101 ia Sale
Registered
"86%
"87"
WVaCent<feP 1st ir 6s.. 1911
95%101i4 Wheel's* L E 1st g 5s. ..1926
10034 IOOS4
.1
92
92 3 195 83
95ia
Wheel Div 1st gold 5s.. 1928
89
89
Exten& Imp gold 5s. ..1930
3 89
89
111 J'ne'01
1949
1st consol 4s
96 111
101 3, "37 100 10314 Wilkes & East .See Erie
101
997a j-ne'00
Wil <fe Sioux F See St P
<fc
86 34
87
70 83 l4 89i2 Winona & St P See C &
50-yr
1st
sen
Cent
4s.
1949
Wis
<
119%
110%
99
57 78 Sale
57%
U9=,
S
117
110-.
1
107%114
96% 102%
J'ly'Ol
59%
120-4
70
1213
40
1
HI
'01
'01
110
95
110
119=8l20i4 119% 120%
99 100 100 Sep '01
40 Mar'01
119
95
31
122
111
96
98
111
98
.
HI
Sep
110% Sep
1071a
West No Car See South Ry
West Shore See N Y Cent
190")
g 4s 1949
1949
Mort guar gold 3%s..fcl929
Registered
fcl929
1st g 4s.. 1939 J-J
St Chas Bridge 1st g 6s. 1908 A-O
Warren See Del Lac & West
Wash Cent See Nor Pac
See Southern
Wash O &
Pa 1st g os. .1937 J-J
Gen gold 3-4s
1943 A-O
rfl943 Nov
Income 5s
WestNY&
J-J
A&N
W 1st gug 5s.. ..1941
Cent Pac 1st ref gu
DesMoin Div
W
104 34Feb'98
'110
Southern Pacific Co
g4%s
116
102i2Oct'00
106
1922
1937
Registered
1937
1st guar gold 5s
1937
Registered
1937
W111& S F 1st gold 5s.. 1938
Registered
1938
8t P & Nor Pac See Nor Pae
St P & S'x City See C St P M A-
2-5 year coll tr
115ia
117% Sep '01
139
Minn Union 1st g (is
Mont C 1st gu g 6s
&
M &
&
&W
Sod Bay & Solstgos
1924
Car
&
Ga
See
Southern
So
J
J
125
'01
102% J'ne'01
100% Sep '01
99
ctfs...pl989
Gray's PtTer 1st gug 5s 1947
St Paul & Dul See Nor Pacific
St Paul
& Man 2d 6s. ..1909
1st consol gold 6s
1933
Registered
1933
Reduced to gold 4*38. .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
Nor Div 1st gold 4s
1948
Registered
L948
&N
1
112
128% Sep
OGiaOct'Ol
ion Apr'01
95
W
&
1
1
1 1 1 '4
114%MayOJ
111 Aug'01
114isJ'ne'01
2dg4sincbond
&
'
1
.1
WO& W
St LA: 8 Fran 2d g (is CI A. Hint:
2d gold (is Class B
1906
2d gold Os Class C
1900
General gold lis
1931
General gold 5s
1931
1st trust gold 5s
1987
Pierce C & O 1st g 6s.. .1919
St L <fe S F RR gold 4s.. 1990
Cent Div 1st gold 4s.. 1929
Northw Div 1st g 4s.. 1930
Southw Div 1st g 5s. .1947
Kansas Mid 1st g4s
1937
St Louis So See Illinois Cent
St L S
1st g 4s bd ctfs.1989
1
111
\u
l.mn
...
ln-
106-s
124
1936 M-H
1936 M-N
1st cygu4s..l924 F-A
.1914
WestN C 1st con g 6s.
J-J
111 112i 8 S & N Ala See L & N
11134 1141a Spok Falls & Nor 1st g 6s. 1939 J-J
111 1141, Stat Jsl Ry 1st gu g4<as..l943 J-D
Mount Sec -M r
StLKC&N See Wabash
St L M Br Seel RRAof 81 I.
Ao
2 1(18%
ins
102
100
J
General 5s
Guar stamped
rron
<fe
<ii.
1
Hi7^
.1
1st
1st
Equip sink fund g
Deb 5s stamped
Bt Jo& Gr si 1st g 3-48.. 1947
St Law & Adiron 1st g 58.1996
2d gold Bs
1996
St L & Cairo See .Mob & Ohio
St
192H.1
lis s(
1st gold
1st eon
.
90% Sale
1997
1997
Registered
Rensselaer A; Sar See 1) A; 11
Rich & Dan See South Ry
Rich & Meek See Southern
1939
Rio Gr West 1st g 4a
Consol and col trust 4s 19 19
Utah Cent 1st gu g 4s. a 191 7
Rio Gr June 1st go g 5s.. .1939
RiogrSo 1st gold 4s
1940
Guaranteed
1910
Rooh
120
.
g
II,
In7'i
•-'
1st
SoPof Argn
107 a Oct 98
o
1
Reading Co gen g 4s
M
M
M
M
in;
'
gu 181 li 1912IA
gu g (is ...1907 J
1
1st
1st
1st
<
&
JPJU
Y&
l>
.1
Guaranteed gold Bs. ...V
Ore & Cal l«l guar g 5a 1927
SA A- a Pass
L943
<
Pitts ('lev a Tol 1st g 68.. 1922 V
fii
.v
PittH Ft
Bee Penn Co
Pitts June 1st gold lis
L922
Pitts
I, Erie 2d g Bs...ol928
Y 8eeN i !en
Pitts MoKees
Pitts
v 1st gold 5s. ..1916
Pitts Sh A; l,K 1st g 5a... 1940
1st oonsol gold 5s
19 13
Pitts
West 1st g 4s
1917
Co certfs
Pitts
Ash 1st con 58. 927
W
1931
WT
A
fold lis
l't Huron Div 1st g 58. 19311
SagTu.-A ii 1st gu« as.1931
Pine Creek reg guar 68...1932
Pitts 'in a- si i, see Penn Co
&
N
1-1 : Bs
1st giigoa
1-t :: .".-
Low
sill's 111
F
,!i
Waco A N Wdiv Nt v i;-:;ii'ri
Morgan's La <•; T 1st 78 1918 A
.
130
61921
g6s.l92(J
&
]:
N VT,l Mei
PM
if .ft
12
n n ill
SI i.
Pen A Eaal See CCCd
Peo A Pek In 1st B6S....1921
PereMarq-
1910
J
Pac
,v
A
/:,,/
.
lice
./.lit.
1
a Cangcn4s.l944
lilt
Penaacola a
.Si
.
1
•/.»
...
Oct. is
I
1924
S
1933
N
^u u' .i< redeemable. .1933
1 st
S
H&TClsl g5sinl go. 1937 J
111'
.I L' (is
.1912 \ O
.en gold Is Hit goal
1921 A 11
'86
_'
H
golil 7
VQ&
1042
1935
i
I
Southern Pac Co (( onti
i..,\ Hai t
i Alatg 6a
Gila
lions
I'M
ENDING
'.
I
Me\
t/1905
i
A
Jlif/I'
Wl
2d
Registered
Con-oi gold
Alleg val Ken gu g h
CI A Mat i-i gu %a
i:
how
6
Con currency
Con sol gold 6a
Gr
.\u
1923
la
-
I
11
BTOCK EXCHANGE
S. Y.
L8
Bid
Penn RB
BUM1H
Rang*
Weel
BTOCK KXCH \
Wbkk ending Oct
K. Y.
[Vol. LXXIIT,
J-J
A-O M12
114
J-J
F-A *lll 34
90 13 Salt
M-S
9?i
%
112
100%
40
113%113%
112 117%
113 % Mar'01
112
112
113 May'Ol
112 J'ne'01
90
90%
111%116 34
112
89
112
94
M M
NW
J-J
88 14 Sale
88%
88 34 108
85% 92%
MISCELLANEOUS BONDS—Concluded.
Manufacturing
Am Hide & L 1st
& Industrial
Miscellaneous
g 6s.. 1919 M-S
1st g6s..l915 M-S
s f
Am Spirits Mfg
Am Thread 1st col tr 4s. ..1919
J-J
Bar & S Car Co 1st g 6s... 1942 J-J
Con sol Tobacco 50-yr g 4s 1 9 5 F-A
Distilling of America collateral
.
trust gold 5s
1911 J-J
Gramercy Sug 1st gold 6s. 1923
111 Steel Co deb 5s
1910
Non-conv deben 5s
1913
Int Paper Co 1st con g 6s. 1918
A-O
J-J
A-O
91
Sale
91
80
90
78
Oct
'01
105
Jan
'00
64% Sale
85
90
64%
91
65%
82%
S2%
99% Apr'01
99
Jan
15
90
76
85
Adams Ex col tr g4s
1948 M-S 104
AmDk«feImp5s 6'eeCentXJ
Bkin Ferry Co 1st con g5s 1948 F-A
& H 1st 5s tr ctfs.
Bkln
62% 67% Chic Jc& St Yard col g 5s. 191 J-J
DetM&M ldgr3%sSA.19H A-O
W W
82
90
'99
100% J'ne'01
98
100
105
Hack Wat Reor 1st g 5s. .1926 J-J
Hend B Co 1st s f g 6s. ...1931 M-S
Hoboken L<fe I gold 5s. ..1910 M-N
100% Mad Sq Garden 1st g 5s.. 191 M-N
Man Bch H & L gen g 4s.. 1940 M-N
111
86
100
Sale
90
74 34 Sale
103%
85
73
111
30
113
103
104
Oct
84%
'01
74 34
Mar'01
Sep
68
111
109
01
'1
78
111
29% 35%
'Ol
Nov'99
F-A 109 Sale 109
109
Knickerbocker Ice (Chicago)
Newp Ne Ship & D D 5s dl990 J-J
1st gold 5s
1928 A-O
93 Aug'00
98
90 Oct '99
N Y<fe Ont Land 1st g 6s.. 1910 F-A
Nat Starch Mfg Co 1st g 6s 1920 M-N 109%
109% 110
107 110
St L Ter Cupples Stat'n <fe Prop
Nat starch Co s i deb 5s. .1925 J-J
92
91
91% 91
Co 1st g 4 %s 5-20 year.. 1917 J-D
91
96
Stan Rope & T 1st g 6s... 1946 F-A
52
52
55
52
101 Feb'97
46% 72% S Yuba Wat Co con g 6s.. 1923 J-J
Income gold 5s
6'4
113%J'ly'00
1946
6
6% 55 5% 12
Sp Val Wat Works 1st 6s. 1906 M-S
6%
V S Leath Co s f deb g6s..l913 M-N 115
116% 115% "II""
Mar ^ov
» >,n.n,».v ......
1st as t c.j....m^
5s.. .1910
6[113 115%
J.m-a Vermont
* No price Friday; latest bid and asked, a Due Jan 6 Due Feb d Due Apr
g Dne J'ne ft Due J'ly k Due Aug n Due Sep p Due Nov q Due Deo
-
•.
s
Option aalo
October
Volume
THE CHRONICLE.
1901. J
19,
'I.
utility
<
-
|
K
ii\
NG1
KCiJ
I
\\.,i,\
.ay
..:.
ieu< lay
Total
;;, l
is.
Newark (iasOs
N'owai k
110
i"i
,,n>.,l
1
>!••< k
1,73
11,000
2,000,500
$13, li
.
III,
-
81 Paul
No. shares
Par value
Bank
shares, pai
January
18
,
1
$129,
..
.
Stale bonds
and mis.
bond.-.
10.688, iOO
13.1681500
Total bonds
i
$10,624,400
31.200
804,0'
00
363. 124.800
loo
$807,953 270
M-6
1
.-.lock.
i
Is
loo
.
J J
(
I'll
1
l
'•'
$ 170 855,] 10
LA 1) E l.l'll
1
m
I
1
106
66
1
Unlisted
Bond
Listed
shares
sales
sha res
iladelphia
sales
Monday
Tuesday
Wednesday
Thursday
Friday
.
21,554
26,006
28,262
29,981
30,107
27,020
:..!:.
l
18,003
319,550
83,193
1(31,886
Total
$37,500
69,020
09,400
71,630
80,000
32,000
7,169
7,972
16,249
18,156
845
15,173
24,779
25,997
17,392
12,914
21,522
•J,
1
$93,600
-
84,200
138,900
93,400
71,050
2,819
1,806
2, 07.",
1,298
i.86"
124
Companies
AUeghenyOo Lig'tColOO
$537,250
10,821
117,777
I
05
170
ihicago Edison Co... 100
160
165
2
loo
1.
3
loi
>t.iti
1.
i
3>s
1
...
,
T
100
LOO
loo
5
1
00
3
14
.18
52
J
1
l*i preferred
100
2d preferred
I(f0
95
30
110
106
110
1
Lnternai
Pow<
la
prel 101
Pump
oteruat'l
Exch
Exch
Si
Internal Silver Si Stk
J D
6s 1948
iron Steamboat
John 1! sti Ison oom..l00
LOi
Preferred
20
Lanston Monotype
Lawyers .'Mort 1 nsur. LOO
1
•
i'or
Weekly Review
Railways
NEW VOKK CHI
Street
ol Outside
^ ((i
Ask
Market
Street Railways
Grand Rapids Ky
100
Preferred
100
J!
Ask
id
100
.;
nt
1
12-\
1
1
1
330
115
10
'.-
12
340
120
65
55
7
.
228
5
nn
:
Page Preceding.
list
130
125
1
See 7th
list
97
2
1
s
Eddy Electric Mfg Co.26
Edison El 111 Co Brk N \ stock Exch
100
Lawyers' Surety
Edison Ore Milling (Jo 10
1
i\ Law vers' Title ins.. .100
Electro-Pneum'ioxranlO
LOO
i.cnci'al Electric Co N V Stock Exch l.ui'illard 1'; prel
Madison sq Garden. .100
Do Orel See Boston list
197 200
2d 6s 1919
M-N
II ait lord (Ct)ElecLt 100
.Mix Nat Construe. pflOO
Narragan (Prov)El Co 50 1 92
Monongaliela K Coal. .50
New York a Queens Elec
1
45
i
Holioken Land A ImplOO
M-N
5s 1910
Inn national ELevat.100
.
Outside Securities
100
1-11
100
Junes Jew TMill.iitu
Ms
lsl 6s 1922
11, rring.Hall Marvm KM
1
1
110
lined
ana Commercial
Preferred
III.
s
1
'.IS
It,
1 1 11 \
4
Sugar. .100
I'l,
56
hi,
1
in.
Gotham M
Lis!
1
I,-,
\".
red
General Carriagi
., ueral Chemical
it.
stuck
1905
Hudson River Tel eph 100 1J3 119
mi rnationai Ocean. 100 116 lis
Mexican Telephone See Boston Bsl
New Eng Telephone See Busto|n list
Northwestern Teleg. ..60 124 126
N x*«S \ Teleplione loo 166 171
11
M-N
113
5s 1920
78
85
26
Pacific .1 Atlantic
97
h
Providence Telephone. 50
105
Atlantic
85
.25
<6
Southern
5
7
I'd Tel A Cable ol Am. 15
1
..loo
1.
Empire Steel
.1
Saturday
Mi't
b.10(
8s 1915
10
1
Bond
Unlisted
shares
1
11 :<
Pre!
70
46
100
100
Match
Seouj
Boal
Empin
116
13
4 4s,
l'h
Ste<
1
uu
1
1
.1
i
I'M 1,
ctrlc
1
.
,1111111, ,n
Eh
ph.. loo
J-J
able ...100
lanklm
1,
1.1,
102
180
Commt rolaJ
19
Tel (N x") 25
Cummer
Enip* Hay StateTel 100 75
|i
oston
a T. 1.
Sei B
5s 1909 29
nam, ,11,
I
to
Teh
I'oio
I
ii,
All
Sh
1111 1I1I1
1
list
,(.
,
aU,
1
HOB'
MUw)—
DistTeleg(N5 >100
lieUTelephol Buffalo 100
nlial
SO Anui... ion
Chesd
iiiliiii
1
80
22
90
84
Sm N Y Stock Exch
Tolear A Telephone
Gold
Uostva
Listed
shares
i.
17.610
CHANGES
\
1901
96
-i
\iin r
75
$1,557,670
2,321,200
DAILY TRANSACTIONS AT THE BOSTON AND
Weekending
Oct IS
ii. in
<
87,204,797
0,762
4
1
1st 5s 1946
Western las
1
112,000
23.900
*1 2,700
I
las—
Svracnsi
1900
226,320,02ij
3,826,626
18.663
$312,606,300 $275,982,260 $21,980
bonds
list
5s
BOM»
©OVOlDlllt'lll
B B.
to Oct.
t
1901
1900
1901
Exch
MM
Bt Joseph Gas 581937J
.
1
Gi ueral 6s 194
Kxcltantje
i
I
2,307,500
Oct.
U
1
Sri H iwlun
\. « t.n. Gas &
l>
in. lud Con NalAIUlOO
J I'
Lsl 6s 1926
1
,ndiny
II,,,.
Haiti at
X>tu' 1 oik Stock
I'
.1
.
948 >-
2.78
2,800
$312,000,300
•;.;.;
$1,000
j. in
ion
I.'.'.'1.1. 000
432.610
620,028
sday
,
;
lias
$2.207,
11,100
'lay
..,
1
...
Oh 25
l-i
6h 1026
Lsl
day
..1-
i
.
far
$49 190.000
;i(i 939,000
499, lin
i
1
,lii-i
111
,
u:i.\
lionds
I'M) I
1
STOl
\.
Kailroad .d
IS
'>:/.
^1
Business at Stock Exchanges
ol
TRANSACTIONS AT THE NEW tfORK
n ah ^ W rikis a \n \
i.
(..1-
B31
U
7-',
13
46
13^8
17
50
Light A
LOO
(if
loo
07 >v
100
35
37
Preferred
Blceck Sl A Ful F stk 1 00
100
18
04 "fl Indianapolis st ltv ,v e I'lnla list
Uliu lsl Elec ProtecColOO 1
lstuiort 4s 1950....J-J 102
85
83
13
50
19 "a 20 'j storey General Elec. .10
100
J C Hob A- Paterson..lO0
B'way &, 7tk Ave stk. loo 246
-'7
EnaingTV
Stamp
Nat
100
..J-D
lOl'-j
102
4sgNovl
of
16
18
N J 100
1949.. .M-N i 81 >a 62Hi United Electric
lstmort 5s 1904.
83
tl 4
J-J 108
110
Lake St(Cliie) El stk. loo
12
69 hi
Preferred
100
69
4s 1929
mort 5s 1914
4
1 J
103 ' 4 103*4 Unit ElecLt&Po Co.. 50 See Ba ItUst NatT Gramophone
100
Deb 5s 1928
Con 5b 1943 See Slock Exch list
National Salt SeeN Y stk Exch lisl
Louis v SI Ry5sl930J&J i 1 1 s Hi I20>a
B'way Surl lst5sgu 1924 ill4 116
in
Companies
Ferry
115
National
Surety
LOO
1905
Lynn
A
IOO
nit
rental
*104
105
1st
J-D
as
B08
58 '24.
8113 Hs
2d os
'JO
27
32
m Lnneap st ltv 5s See st k Exoli list
20
New Central Coal
Brooklyn Ferry stoeklOO
18
Ccnl'l Cl'osslownstk.lOO 265
80
M--\ 8120
125
New Orleans City By 100 29
31
100
NY A B 1st 6s 19.11. J-J 113 115 N Y Loan A Imp
IstM 0s 1922
Biscuit
114
115
19
loo 104
Preferred
X Y
6S 1911.
CenPkN AERivstklOO 208
Con 5s 1948 See Stock Exch list
7
J-D 104 100
North CMC Str stock. 100 193 200
110
X Y El V Tr ($20 pd)100
8
Consul 7s 1902
Metropolitan Ferry 5s... 108
115
-I-J
100 135
1st 6s 1906-16
70
(Tup
86
Ferry
66
N
Realty
Chnst'r A 10th St stk luo 175
Y
E
B
stk. 100
N
A
X
"22"
26*'
North Jersey St stoeklOO
96
ColA; 9tli Ave os See Stock Exch list
1st 5s 1922
Nicholson File Co.... ion
...M-N i 95
1
M-N 80
4s 1948
SO
12
Si
100
Dry D E B A Bat stk 100 120 126
blK- N Y A Holioken stk. 100
Ontario silver
"a
31
118
Bat By con Os 1931. .J-D }126
100
32 "a
HobFylstosl946.M-N 2112 1 1 3
1st gold 5s 1932. ..J-D 115
itis Elevator 00m
02
2d 6s 1914
A-O {103 106
103Hj 104 H
100
94
J-D i 90
92
Preferred
Scrip 6s 1914
Con 5s 1946
2(i'j
Eighth Avenue slock 100 400
HO Rochester By (new). 100 30
34
50
New York A New Jersey
Pittsburg Brewing
F-A 105 109
Preferred
100
84
Scrip Os 1914
LOS 1!! 107
Preferred
44>a
86
J-J
1st 5s 1946
105
V -<>
so
ioo|
Con 5s 1930
110
42d A Or St Ferry stk 10o 396
10th A 23d Sta I'm LOO
75
Pittsburg !oal
Oo',
70
2d 6s 1933
J-D
B8
li J 105
Prelerred
Dioi
M A .SI N Ave 100
LOO
1st mort 5s 1919...
108
HI
112
114
172
1st moil Os 1910...
L70
Bo Side El (Clue) stk. 100 108 110
Union Ferry slock... loo
39
Pitts L'late Glass.
,Mon
J
-J
101
100
income
0s
1915..
99
Syracuse
1910
02
2d
Rap Tr 6s
lisl
1st 5s 1920
97
M-N 8 97
Planters' Compress See B
list
26
\ v A l'av Fiis See SI
I nit Kys (St L Trans) 100
J7
Pratt A Whit u prel. loo
85
95
Railroad
loo
81
Preferred
100 337
N mill Avenue slock. 100 196 J05
340
82
Procter A Gamble
1
J J i 881
100 202
teccoud Avenue stoeklOO 212
Gen 4s 1934
89>* ChicPeoA St L pre! LOO
4>»
206
Preferred
niiTi a. Eleo (Prov)lOO 109
10
lstmort 5s 1909.. M-N jl06*a 107''
Royal BakFowdpref.100 100>s LOI '.
Prior lien g 4 >aB'30Id a s J103
106
loo
F-A ill9 120
West Chicago 8t
99
100>-2
ss
ick Ex Lisl
Uonsol5s 1948
Con nits g 5s 1930.J d
92
Rubber Goods Mlj; 6
.M-N 8
y.<
Cong 5s 1936
Sixth Avenue slock. .100 175
Income 5s 1930
25
62 "a
18
Russell A Erwui
"a
145
Sou Boulev 5s 1945. .J-J i 111 116*
Denver A Soutli'u See s 6k Ex list
Safety Car Heat<£ Ltioo 1 10
Gas Securities
17o
SoFer 1st 5s 1919.. .A-O ;108 no
Haiuu
loo
com
L64
Detroit Southn (w i).loo
14 hi 15
Simmons
NEW VOKK
Third Avenue See stock Exch List
•11
1 00
12
40
Preferred
100 1 39
Preferred (wi)
101;
Tarry \V F A
5s 192b 103
'cut Union Gas lsl 5
loo 140
110
17
S109
1st 4s 1951 (w i) ....1 n
84
2d preferred
85
YkersSlRR58l940A-O 103
Con Cits (X 7) Stock N V Stock Exc Ft Worth A Rio Gran. 100
16
LOO 225
Singer Mfg Co
75"
ill
ion
28th A 29th Sis lsl 5s '90 108
Equit lias con 5s 1932 See stk E \ h.st KC Ft ScA Mem pi (\\ 11
.Milling
4
Go.
3
74 >s
Standard
Mutual Gas
Twenty-Third St sik.ioo 408 115
100 305
15
loo
20
Preferred
Rets g 4s 1936 (wh iss)
84
84 34
Deb 5b 1900
J-J
103
100
New Amsterdam uas
OS
50
33
PittS Bess A L E
35
5s
L'mou Ky lsl 5s 1942 F-A 112 114
1st consul 5s 1948.. J -J 107
107 >
Preferred
26
50
63
Standard Oil of N jl.100 720
66
Westehcstlbt58l943J-J 105 108
N V Eke Bt HeatAPower
Seaboard Air Line See £ ill list
220
stand Undergd
Gold 5s See N V Stock Ezol) list
Exch
lisl
Sloss-Shellield 81
BKOOKLYJi
Industi i:il and Wi-crl
N V A Ea.->t River Gas—
32
2 g
Standard Couplei com 100
Allan Ave 5s 1909.. A-O '<107 108
lsl 5s 1944
loo
J-J 5113
114
20
Prelerred
Aberdeen Copper
25
25
A-o 113 115
\'
Con 5a g 1931
Consul 6s 1945
J-,1
108
Hi,
70
Acker Mer A Gondii
Sm
Stillw-RicrA.
pflOO
Os 100
lmul 5s See Slock Exc h list
Nor Uu lsl 5s 1027. M-N los 110
Ainaig Copper See Stock Exch list
"a"'
Storage Power
B B A VV K 5s 1933. .A-O 101 103 Si a ndaid Gas com
llit
100 130
1; oston
135
Agric (lieiu s.
LOU
Swift & ('0
Lisl
Brooklyn City slock. ..10 r240
12
Preferred
loo 1 50
1-l }101
102
55
Amer Bank Note Co 50 ;,i
1st 5s 1910-1914
56
i;;ij
Con 6s See Stock Exch list
M -N '/UO 117
1st 5s 1930
Bicycle See N Ystk Exch List
14^
Tennessee Copper.
Bkln Crosstn 5b 1908.J-J 105 107
American Can com... loo
21*9 Texas a- Pacific Coal.100
21'.i
Bkn Hgta 1st 5s 1941 A-O 106
no
jiod
Prelerred
loo
1st 6s 1908
69 34 71
OTHEli CITI is
Bkln C Co A su b See Stk Exch iis't"
American Chicle Co.. 100
Title Guar A Trust... loo 515
82
87
Bklyu Rap Trau See Stk Exch list
li
Amer Light A Tract. lOo 18H; 20
4
Prelerred
Trenton Pottery com loo
78
LOO
32
Coney Island A Bkivnioo 320 330
Preferred
i'"
67
100
60
89
Amer Graphopnone...lO
92
Preferred
6 >a
6
J-J
lsl 5b 1903
102
103
Baltimore Consulidat See Ball list
s
Preferred
10
8^ Trow Directory new ..loo 70
5scrtlsiudbt 1903. .J-J 101
10
Bay State Gas
50
Amer Hide A Leather 100
1
4%
5
nion Copper
7
BrkC A N 6s 1939. J-J 113 <v U4H: Blnghamton Gas—
Union Steel & Chain. 100
Preferred
30
31
100
GrSlANewlst56'oo
104
40
5s 1938
A-O j 93
60
16
6s See Stock Exch list
Preferred
Gr'pl ALorimer Si 1st Os 100
1,'J M
ibo" Boston United Gas bonds liosto u list Amer Locomotive See Stk Exch list
Union Switch. v
Kings Co. Elevated—
Butlalo City Gas stoeklOO
Prelerred
Amer Press Assoc'n.100 80
6
Vo
1st 48 1949 See Stock Exch list
1st 5s bonds
(hi
70*2 72
s*
American Screw
T\p<
com..
100
Union
78
100
Nassau Kloc prof
100
83
85
(,'lncagoGas See NY' stk Exch list
L9
L23
Amer Shipbuilding... loo
1st preferred
36
6s 1944
A-O 113 114
Cincinnati Gas A EleclOO 102'j L03
100 115
18
Prelerred
loo
2d preferred
98
99
1st 4s 1951
J-J
97 h <jv>i. Col Gas L A Heat comlOO
80
6
88
Soda Foun com., loo
3
U S Cast Iron Pipe.. .100
6
N ewWb'g A Fl 1st ex 1 Has 100 ins
LOO
32
Preterred
loo 100 102
lsi preferred
Preferred
«a
LOO
52H 60
titeinway 1st Os 1922. J -J J119Ja 121
1st 5s 1932
s lotion Duck
100
24
J -J
28
lOB 1* lo7»-j
2d preferred
ion
9
12
:>1
Cousol Gas (N J) stk. 100
80
American Surety.
12
175
Preferred
I8"s
190
OT11LK CITIES
1st 5s 1936
J-J
50
79
SO'-j Amer Strawboard
100
I
B J. 11 \ elope com..
2l'i
BuJTalo Street Ky—
.-:
100
Consuni Gas (J City)—
Bonds On
Preferred
j'.A
100
lstconsol 5s 1931.. F-A illG^ 118
1st 6s 1904
M-N 8103 104
S Glass oiiimoii... lou
Typefo'rs stock LOO
54
58
Deb Ob 1917
A.o <(105 107
Detroit City Gas
Preferred
50
Amer Woolen See Stock Exch lisl
•<
Chicago City BK stk. 100 201
- RedlK IA K.
Detroit Gas See N V Stk Kxcli list
::
Amer Writing Paper. 100
Chic U nion Trac com 1 00
63 Hi
Essex A- Hudson Gas 100
33
100
Preferred
17H
31
Preterred
12
9
10(i
Preterred
68
ml Wayne (lud)—
•,'OHj
5s 1918
71
69
Cleveland cay Ry
100
stock
115
1st 0sl926
J-J
51
Anthracite Coal
70
48
60
100
Cleve City lstosi'.ioo. J-J
..100
20
Grand Rapids (...
Universal
100
Barney <£ sm Car
20
Cleveland Fleclr Ry.100
1st 5s 1916
',101'.. Loe^
terred
LOO
86
"b&K
Preferred
20 127
LOO
Con 5s 1913
i.'oke. loo
Hartford (Ct) Gas L...23
1
\
Bliss Company com
48*8 50
Columbus (O) St By. .100 40
M > 40
Hudson Co uas
45
48
1949
100
Preferred
28
30
50
Preterred
luo 100 103
5s g 1949
Brake..
1175
Wesl
50
102
.Mori
101
Bond &
Guar... 100 370 390
Colum Ky coil 5s See Ph la Lisl
Knoii Mining 100
Indiana Nat A- 111 Gas—
Brlt'h Columbia Copper 5
14S
L5
Cr088t'WIl l8t5S'33.J-D
w orttung Pump pref. 100 120
113
1st 6s 1908
Celluloid Co
101
60
loo
M-N 66
99
Power
26
84
26
82 '
26^ 27 *a
Co.. loo
1
'J
Preferred
M osier Safe Co
National Carbon
Preferred
:,
1
MS
1
'-.
FA
(
'
Ms
.1
;
'-.
1
•i
i
1
:
».
.1
:
1
<_
1
M
(
1
1
1
'
:
I
1
1
1
.
1
Am
Am
.
.
1
-
1
1
1
I
I
'
1
FA
-
.",
1
1
!
Am
,
-,
l
Am
'
1
i\
I
.
I
.1
FA
Ms
Buyer pays accrued
interest.
.1
i
I
.
I
f
1
1
mo
.1
1
Price per share.
THE CHRONICLE.
832
-A
Boston. Philadelphia and Baltimore Stock Exchanges
Share Price*— vol Per Centum Prices.
lo/«nl(iv,
Oct. 12.
S67
109
84B
SO?
108
•84 8
•198
•1BH
Oct. 14.
Oct. 15.
967
•8<3
193
844
194
166
'98
166
131
181
181
148
94S
193
160
•180
67% 61%
66*
62% 68%
es
148
367
64
143
148
78%
•5
8
72%
1-1''
99%1CM%
8f% 88%
9S% 8r%
16% 16%
98
93
as
89
89
80
82
93
93
80
•93
46% 46
680
875
48%
50
40
40
•71
78
•26%
'••til
88
E%
81
81
13
26
s
97
. (
BlTer....
Oct.
"
"
Atlantic Min'g.
"
Baltic Mining..
(Phil) EC
Beth Steel
Boston BleoLt. (Bost) 100
Cambria Iron. (PhD) 50
Camb SDrexel rect "
Canton Co
(Bait) lOt
Bost) 26
Central Oil
"
Ounib Tel a Tel
Doly-West Mln
"
"
f
100
20
DanvBe88emer(Pbli) 1%
"
10
"
10
DeLong H & E
Dlam State St..
"
hr»t
20
39
ISO
106%
.
" ....
(Phil) 60
31
40
140
2*
6%
4
•70
•77
78
13
50
13
•48
71
•77
71%
78
aaaaff
178'
171
2
5
8
•
"
25
50
United Fruit (Bost) .100
US Mining.... "" 25
4-85
Utah Mining..
Warwiokl A 8. (Phil) 10
50
Westm rel Coal "
WlsonaMlnlng(Bost) 85
Wolverine Mln. "
35
UnElLAPowpf (Bait)
Bonds— Boaton.
AmBeilTel4s..l908 JAJ
ATA8Fgeng4s.'95AAO
2*
6H
8)4
Adjustment g 4s.. 1996
Boston Term'l 3%s..l947
Bos Un Gas 1st 5s. '39 JAJ
I*
2dM5s
1939 JAJ
BurA Mo Riv ex'pt 0s.J AJ
40
Non-exempt 6s. '18 JAJ
45
Sink fund 4s. .1910 JAJ
Cent Vt 1st 4s 1930.. Q-F
a a •
Ch Bur A Q Is. 1922 F«A
• in
Iowa Dlv 4s. 1919 AAU
Ohloago Juno 51.1915 JAJ
98
8»s Ch A No M gu 5s. '31 MAN
2% Chi A M gen 5s.'21 J AD
136* Curr't Riv 1st 5s.'27 AAO
1
• a a
6*
1»9
81%
44
80
•
46%
"»7
2%
84
W
%
»%
6%
86
'
261s
8
37
8391
16%
18*
83*
6%
71%
94
• •••
eai
8)4
294
69*
i
I
l
"M
90%
{114
i
60
101
103
97%
110
84
00
{107
{100
{101
{103
•
• t
<
{11C% 112
{07
•
Bonds— Baltimore.
95
5s
98
A Pot
A Ch 1st 7S.1907 JAJ 115% 116%
AtlG-Llghtlst5sl917JAD "88*
ibo"
Atl Coast L otf s 5s .JAD
Bait Beit 1st 5s. 1 990MAN
.
BaltCPaslst5s.l911MAN i'0'9" iio"
Bait Fundg Ss.1910 MAN 120
123>a
Bxohange 3%s.l930JAJ 109% 110
BaltAPlstBsml 1911AAO
.1912 JAJ
Consol 5s. ...1932 MAN
Bxt A Imp 5S.1932MAS
Chas City Rylst 5s '23JAJ
Chas Ry G A HI 5s '99 MAS
CharlCAA ext5s.l9C9JAJ
AAO
2d 7s 1910
CityA8ub lst5s.l922JAD
CityA8ub(Wash)lst5s'48
CoiAGrnvlst5-8.1917JAJ
Consol Gas 0s. .1910 JAD
1939 JAD
5s
Ga AAlalstpfSs 945AAO
GaCarANlst5sg.l929JAJ
G«orglaPlst5-6s 1922JAJ
GaSoAFla lst5s.l945JAJ
tttt
100
NorthCent4*s.l925AAO
Domln Coal lst0s.'13MAS {110
^asfn xst M 6s g.'O0 MAS jinx 113
Fr KlkAM V 1st 6s '33 end {137
JAJ
6s 1904
Series A 5s 1926... .JAJ
1920...
.JAJ
B
5s
Series
Pitt Un Trao 5S.1997 JAJ
AAO
{
98%
{1S6
oonv 5s.'l JAJ {100
Debenture 5s. 1 9 1 3 A AC) {100
lilln Steel
KCCA81st5sg.'25 AAO i
K C Ft SAG 1st 7s.'08 JAD {113
KCF SAMoon 6s.'28MAN (180
K C M A B 1st 4s.. '34 MA8
Income 5a
88
K CA M RyAB 5s.'29 AAO
•
•
* s a *
101
101
103
114%
31
100
90
4s g.. 1911 JAJ
1st con lnc 3s g non-oum
3d con ino 3s non-oum..
I
81
30
20
117
105
88
115
108
ue
95
120
113
113
84
33
28
300
1,690
AAO
Sav Fla A West
4s 1950....
Seaboard
ae»b A Roan 5s. 1920 JAJ
AL
So.Bound
1
5s '34
st 5a '41.
AAO
U util L.A t> 1sl4*s' 29 M<j^
Bl lst4s'40.MAe
118
181
•
June 11
May
8
June 18
93
40
89
42
• • •
•
8"
9,978
4.538
4,948
615
3,616
897
9,918
•••••
900
900
18
*4% June 13
Jane 18
Jan. 19
Mar. 4
June 8
Sept.
1
Feb
li
July It
May 38
Mar.
S
June 11
May
3
July It
3-4 Apr. 18
70 Aug. 8
50 Ocu 15
99 Jan. 3
79% Apr. 18
May 15
84* Sept. 10
02* Jan. 21
4% July 19
112
880
80
189% June
Oct.
Oot.
7%
Ott.
4
8%
Jan. 80 10
90 Feb. 14 99
197* Jan, 4 148
98 Oct. 7 38%
4% July 18 8%
86 May 9 41
118 Sept. 18 128%
44
4
80)4 Feb.
29% Jan. 4 30
10% July 8 17
40 Jan. 18 55
54 Jan, 1C 75
80 Jan, 4 80%
4%
8*
Jan.
8
Feb. II
Feb. 18
8
Jan.
Apr. 13
Mar.
8
Feb. 18
June 28
8
S
Jan,
Pept.
t
Mar 98
Apr. 19
Aug. 91
Sept n 7
Sept.
Bid.
Ast.
85% 86%
96
96%
Fund debt2-3s. 1991 JAJ
130
West N C con 8s.l914 JAJ
WastVaCAPlst6g.'llJA.i 114% 115
183
Wll A Weld 5s. 1935 J A' 181
Bonds- Philadelphia
AneVyHext7sl910AA" 193
ChooOkAGgen
Ss'19J<kJ
s s
a
a*
M
87%
a
117
97%
118%
113%
i09%
Bq 111 Gas-L lstg 5s.l92~
Hestonv M A F oon 5s. '24
HA B Top oon 5s. 25 A to
90
62
113
97
97%
117
118%
107%
Ry 4s..193h
Lehigh Nav 4%s 1 4 Q-J
RR4sg
1914 Q-F
.
.
'
88%
1H%
83%
•
tttt
106
Gen M4%sg..l924Q-r <0e%
I!
Leh V C'l 1st 5s g.'33 JAw 108% 108
Leh Yal ext 4s. .1948 J A
2d 7a
1910 MA- 18?% 127"
1923 JAD .35%
Consol 6s
J*n 132
Annuity 6s
8814
Nat Asphalt 5s. 1951 JAJ
New'k Con Gas 5s 48 J su 100%
110
Newark Pass oon 5a. 193
NYPhllANorlst4s '39JAJ 106
88
Inoome 4s... 1039 MAN
39%
'
1st 4s.. 30
GenM7s
MA>
106%
1903JA.
6s r.. .1910
Consol 0s C... 1905
1919
Consol 5s r
Penn A Md Steel con
settt
aett
-
Vai
Var
Var
118
0s
116%
Pa AN YCan7s..O0 JAL>
109%
1939 AA<
Cons 5s
It
95
1939 AA<
Cons 4s
Penn Steel lst5s. 17 M*
>
•
-
People's Tr tr oerts 4s. 4
Pnila Elec gold trust otf s
Trust cert f s 4s
1C6% 107%
18'% 123
13 Ma 123
119
108
115
119
106
107
>-9%
06*
PhAEr gen M 5g.'20 AAO 180
Gen M 4sg..l92n aao 109
Ph A Read 2d 5s.'3S AAO
*M
Consol M 7s.. 19 UJ AD 1«7% 129
Con M 6s g... 191i JAD
BxtImpM4sg.'47 au>
Con M of 'S2 4s.'37 J&.
.
82% S2H
103
86
95% 98%
71% 72
112
1
10t%
'
Indianapolis
'
4th ser 3-4-5al921MA8
5th series 5s. 1926 MAe
lassi
.«•«
MA
AAO
Penn gen
110
118
114
121
58
118%
J
118
110
107
84
68%
.09% 110
5s. 3.
lstoonSs.'S-^
ConTraoof N J 1st 5s.. 8
Del A B Bk 1st 7s.'05 FAA
BastAA 1st 5s. '20
Bdlson Elec 5s stk tr otf s
BlecA Peop's Tr stk tr ctf
BlmAWllm 1st 0s. 10 J A.
Inoome 5a.. .2802
194
•
Mil
t
110
10
93
113% 114
MAS
MAS
2d series 6s.. 1911
3d series 6s.. 1916
1
1
%
830
No Penn
109
195
Income 4s 1949..., J AD
VirgMld lst0s.l9O6MAS 106
K C St Jo A C B 7s.'07 JAJ {118%
L RockAF 8 1st 7s.'05 J A. S107
Mar H A Ont 6s.. .'25 AAO IMS
Max Cent
PotomVallst5s.l941JAJ
3eoAvTn(Pltts)5s'34JAD
Un By A
*107
118"
50
Maryland Brewing 8s ....
Met8t(Wash)lst5s'25FA 115
New OrlGas 1st 5s...Var
Norfolk St 1st 5s '44. JAJ
{
117
Bxt A Imp 6S.1901MAS
"
No BaltDlv 5S.1942JAD 181 188
Conv'rtible5sl9O0MAN 101% 108%
6s..
May
July
91
Jan.
3%
>s July 26
Apr. 26
%
153%
lli%Oct. 7
11 3* Oct.
9 180
83
151
4
Jan.
880 Oct
7 860
1694 Mar. 27 3'%
19% Sept. 26 34%
58 Jan. 3' 05%
ColumStRy
NewpNAOPlst5s'38M*N
{107%
li',776
20
Cit's'StRy(Ind)oon
Ry
18
18
Apr. 98
BergABBrewlst0s'21JAJ
Cambiialron 0S.1917 JA.J
ChesAD CanlstSs.i 6 J A
ChocAMem st5»1949JAJ 113
102
MaconaNlst4%s'90MA8
•«*•
980
88*
80
Atl
KnoxvTrao lst5s '28AAO
Lake R El lstgu5s'42M AP
85
....
49,531
1,940
991
Anacostla
Central
8
May
May
53
Asphalt Co 5s tr ctfsl949
AtlCltylst5sg..'19 M&N 113
98
Balls Ter 1st 5s. 1926 JAI>
1
{119%
I
MAN
at*.
Unst'p'd 1st 0s.'33
• a a a •
8
85
83
i
1914 MAS S."
1916 MAN
1st 6s tunnel 1911..JAJ
Bal Trao 1st 5S.1929MAN
Apr.
213* Apr. 89
i
BONDS
Rutland 1st 0s. .'02 MAN «1C2*
Rut-Can 1st 4s 1949 JAJ 1101
Seat Elec 1st 5sl930F«A 1104
Torrington 1st 6s 1918... I
St 5s. .'02
June 19
Baltimore—Conoiu'd.
Va (State) 3s new.'32JAJ
AC
West Bnd
4%s
Deb 4s
16
17
29
34
69 May 9 81
Apr. 96
12% Jan. * 34 1-1 6 June 4
8,402 33 8-16Jan.35 40"? Jnr.e 17
11, '2'
19 Jan.
4 29 7-1 8 May 1
625
so* June 91
994 Jan. 81
1.875 24% Jan. 81
54% Sept. 90
6,147 78% Jan.
4 1384 May
I
83 82 Jan.
1
99 May 1
"'
76 7 24)4 June
37 Jan.
9
5,990 15
Oct. 10 18% Mar. 39
67 92% Jan.
Apr. 88
8 v9
Ask
1108
108%
81
NHGas
1st 5s.. 1937 I 53
New Bng Tele 5s.' 16 AAO {103
IIMi
1907 AAO {108
6s
NYANBnglst7s.'05JAJ 8110 ill"
latmortes.. ..1905 JAJ {107*
104%
DGRAWlst4s.'46 AAO
36
•
;100
Bid.
Boaton— Conoluded.
NewBng oongen5s'45JAJ
N BCotYarn 5s 1929FAA
Apr.
July
Apr.
Apr.
8,219
88.319
8,816
96
4,839
1,168
7,184
BONDS
Asa.
Bid.
19 ion
SB!* Jan.
7 205 Jan.
(Boston).... 26
(Bait.) ....100
(Phlla.) ....100
"
.,..100
(Boston).... 100
"
..,.100
. . .
25
4«4
6
25 100 101
25
10
39
39%
PennEleoVeh.(Phll) 50 mil' ......
"
Pref
50 iiiiii ,,,,,.
Pennsyl Salt... "
B0
,,,,
"
Pennsyl Steel!
•*,,,<
....
aa aa
"
Pref!
100
89%
4f% ....
Phila Co
"
60
18
15
Plan tersCompl(Bost) IOC
"
25 160
165
Qulncy Mining.
4
26
Rhode Isl Mln.. "
«%
Santa Ysabel G "
5
% 50 S
"
48
100
Seattle Electric
101
"
Pref
100 100
Basque I A 8!.. (Phil)
6
1«4
Tamarack Mln.(Bost) 25 890 895
Tidewater St... (Phil) 10
8% .....
88
Torrtngton"A"(Bost) 25
"
Pref
26
88% 29
.,
8
• •
lt*%
Kaston Con EL
Sdlaon El Ill..( Bost) 100 285 345
XleoCoof AmU (Phil) 60
6%
"17%
Franklin Min'g.(Bost) 26
17
"
General Elect..
100 358 289%
" 100
Pref,
" 100
Ind-EgypCom
4
4%
"
Int But H & 8
10
1
1%
Int8P<feDynam(Phll) 50
Isly Royale1]..(Bo8t) 25
26
85%
Manufac Rub.. (Phil) 60
"
Pre!
60
M
42*
43
97
•86%
37
12% 12%
CnCopLAM'g
iis'%
2
Domln Coal pf. (Bost)lOO 115
S.tf
is*
95%
<
ConMercurgold
98%
113)4
Old Col Mining. (Bost)
Osceola Mining. "
Palmetto Co. ... ( Phil)
ParrottSllACop(Bost)
109
79
82
108
78
81
S!
28
28
26
86
98
42% 4?%
87
6%
113
98
980'
61
Am Geld
Amer. LAB
"
25
NawBngGsAC 1 " ....
New Hay I A S.(Phll) 5
•
10
Dredg(Bost) 10
(Phil) 50
Praf
arcadian
Arnold Mining.
78
6%
9794
Hiatutt
1
90
14,039
Lehigh Coal A Navigation... (Phlla.).... 50
"
Marsden Col
.,.,100
National Asphalt T
"
,
,,,, 50
"
Preferred!
,,,, 80
New Bng. Cotton Tarn, pref. (Boston) ..,, 1 00
New England Telephone....
"
....100
"
Old Dominion Copper 1
.... 25
Philadelphia Bleo.l 5 paid.. (Phlla)
Trinity Mining
(Boston).... 98
,
Untted Gas Improvement !.. (Phlla).... 50
United Shoe Machinery
(Boston).,,, 95
"
Preferred
.... 96
.,,
"
United States Oil............
.... 95
WelsbaohCo
(Phlla.) .... 100
Westlngh. Hleotrto * Mf g
(Boston) .... 50
•'
Profaned
.... 50
a 35% 9515-18 b 88 1-18 S3 0-16
185
87%
8%
2719
S%
303
166% ivr
. (
50
51
4%
4%
•182
.
Amer. Cement Ph 11
"
e%
98%
184
-fdBrew asstpdl Bait) 100
10C
Praf^ asst.pd "
(arstanthalez . (Bost) 1 00
"
If
"•x Telephone
61
AmPneumServ(Bost)
8)4
.
118"
Alloues Mlnlng(Bost)
184
87% 97
MI8CELL.— Concluded.
80
279
Wor Nash A B. "
MISCELLANEOUS,
5
98
•
Lake Superior
Lowi tl.
18 951
Jan.
3 205
694 69% Jan. 18 190
96 238 July 3 248
39 190 May 15 300
48 14 '* Jan. 21 109
67 126 Jan.
185
8,673 37% Jan. 93 73
1,991 45
Feb. 90 59%
1 II
39 Jan. 19 148
897 28% Jan. 4 39%
663 94 Jan. 39 45
436 77% Jan. 17 90
100 18* Jan. 99 39%
95
50
....
rects.l Phlla.! ....
Preferred
•70% 71
•71
8TOCKS-BOND8
ttttt'
Wast Bnd pref. (Bost)
West Jer A 8 8. (Phil)
100
100
47%
30
18
78
United N J.... (Fhil)100
86
"
35
40
51
"
Dominion Coal
Brie Telephone
made.
48
97
ice"
"
46)4
86
•77
28%
68%
Rutland pref ..(BostUOO
Wis Cant, new.(Bost)100
26)4 Consol.
.
M
5t
50
61%
62
69
48
87
•71 " "78"
Bid. Ask.
OnPowA Trans
30)4
81%
69
41% 49
80% 27
13
19%
no tale w
Consol TrPittsl(PhU) B0
"
B0
Prefl...
41a South* Fla.(Balt)100
100
1st pref
100
"
3d pref
tVrmant'n Pass(Phll) 50
60
"
T
Hestonv
a
60
"
Pref
"
100
Inds Street
"
60
Little Bohuylk.
Maine Central. (Bost) 100
Mlnehlll ASH.iPhll) 50
5C
Hesquehon'g V. "
50
Borth Penn.... "
Marqu'te.(Bost)10(
Per*
"
100
Praf
Phil Germ & N.(Phll) 50
"
60
Phlla Traction
...
Bys Co General! "
19%
....
....
....
50
50
(Belt.) ,,,.100
"
....100
,
(Boston ) .... 1 00
"
....100
paid. (Phila.),.,. 50
(Bait.) .... 60
(Boston).... 5C
Calumet * Heola
26% Camb.8teel.tl8W paid
9094 Centennial Mining
09 Consolidated Ga
35%
90%
»5% 26%
"
"
"
050
650
686
96%
95
87
155
189
sou
170
100 270
Pref
%
47
86
96
B0
(Phil)
WestNYAPa.
*
%
H
6994
98%
B%
41* 41%
* Charlotte(Balt) 100
Bos A Maine pf Bost) 10C
100
Boston » Pror. "
Ooen a Possum " 100
"
all
846
62
27
98
184
Railroad
A Albany
,
Range of Bale* in 1901.
Share*
Anier. Agrlcul. Chemical 1..
"
....100
"
Preferred 7
....100
Amertoan Alkali
(Phila).... 50
Preferred, f 10 paid .......
"
.... 50
American Sugar BeflnlngT. (Boston). ...100
"
Preferred!
....100
Amer. Telephone 4 Tel. Co..
"
....100
89
«8M
98%
6%
78
• • • i . .
Ball was
28
0»%
134
m%ii4%
RAILROADS.— Price*
Dom Iron &
89
•81
•80
26
1
Week.
[Miscellaneous Stock*.
Amalgamated Copperl
(Boston) .... 100
87% 89
86% 88%
91
91%
8*9
184
'
27
18
INACTIVE STOCKS
Conn
94
6% "'b%
'
•Bldarif asked prloe?
Amer.
37%
15%
•71
9
'o
f Indicates unlisted.
1st preferred
b
6f%
46% Si*
87
705*
12% 18%
"7S%
"78% "7|H •71%
Yl'% "73 is
78
5(%
98%
88%
20% 20%
•61%
Of the
25% 25% 2d preferred
86%
3--% 26% Seaboard Air Line
26%
80%
50% Preferred
50% BC%
99% 100)4 Union Paolflo
98% 99
•8"% 87%
Preferred
87% 9794 27% 27% Union Traction, $17%
United
Ry * Kleo. Oo
15% 1894
18% 16%
98% West Bnd Street.
88% 83* •98
9894
9694
Halct
ACTIVE STOCKS.
90% 21% Heading Company
209*
3>-%
2594
2694
38%
675
26% 20
97%
27
70
9
114% 114%
41% «1* "41% "Vl%
1394
20%
5-16
88*
660
69
40
98%
184%18<%
£K% 88% 28%
5% 6%
B% 6*
97%
97
87% 97
18%
680
26
Us
2
184
8614
•81
86*
81% 91*
2«%
•••••• '•>•
•••«• ••••
27
92
llf% 117% 118 118% UP% 130%
117* 119
iie%iie% 116% 116%
116* 116 116V4 lie 110
18b% 167 169
166% 157
157
157% 157% 160
71« 71%
71« 7)%
t% tH
»8%
99
•91% 32%
Boston
Boston
Boston
Boston
118
•88
40
184
29
82
81
61% 61%
16
97 *
6fc« 7C%
46
49%
70%
40
59
143
34%
36% 36%
37
92
98
100
Daily and Yearly Record.
Mtoolts.
(Boston).... 100
,
Blevated, full paid..
"
....100
845
"
A Lowell
....100
,
193
"
A Maine
....100
Cblo. Juno. A On.fltookTdi.
"
....100
131
181
Preferred
"
....100
07% 08)4 Ohoo. Okie. * O. trust oerts. (Phllal.... 60
•54% 88% Preferred Tr. eertfs
"
.... 50
144 144
Fltohburg, pref
(Boiton). ...100
34% 34% Lehigh Valley
(Phlla.)'.... 50
87
30
Massachusetts Hleot. Cos. l.(Boston),...100
99
92
Preferred!
"
....100
39 23% Mexican Central
"
....100
•98
99
Northern Centra)
(Bait.) ..,, 50
807 908 old Colony
(Boston).... 100
73% 78% Pennsylvania
(Phil*.).... 50
857
187
845
191
180
68%
68
58
148
84
H
98
,
70
156
181
87% 90
88% 88
21% 88% 31
£2%
87% 86%
H»H 117
iie>9ii6)i 116%
188
leu's 160
676
680 680
96
86% 26%
SIM SIM 2 %
•
91%
•98
18-ie
118%
•
*88
'
»2
•180
198
34%
84
9'%
11-lti 20 30
38% 88%
88*
88%
85 9-18 9:%
28% 26% 2!%
36* 8r* 28* 26fc
£694
60% t0% 6C% 6f*4 5C%
9>-% V9%
88% lOOfi 97%
88% 88% •88% 889* 87%
88% 8^% 88% 88* 2791
16% 16%
18%
16% 16)4
98 93 \ 93 93
98
88% 9C%
857
107
345
143% 148
90 K-16
86% 86%
60% 60*
100
946
re
es
58
148
Oct. 18.
98 100
200% 80 f'% 9oe% sop% •SO^
72* 7&% 78* 7894
78)4 '78%
•98
100
•9(1P%
• ••*
88 8-16
368
68% 69%
84% 3«% •34% S4>9 •84* 84%
86
86
3C% 88
3«*
86
99
12
98
99
91% 93
•
•38^
38%
24*
•28% 24%
94%
•306%
257
168
845
198
158
181
Friday,
Oct. 17.
Oct. 16.
367
344
194
166
65
Wedtitiday Thunday,
18'% 16t% 168
315
108
131
•18C%
66
X0B
52%
Tut id ay,
•356%
168% 170
Yii'
131
148
Monday,
[Vol. LXXIII.
Terminal 5s g. 1941 QP Wll A Bait 4s. 1917 AA<
185
Col lat trust 4s. 1921 JA.
4s, 1997 JA
Rochester Ry oon 5s. 1 93'
3chRE81delst5s g'SSJAD
Scran Trao lst0s'32M4N
nnTraoPtttsgen5s'97.I*
Welsbach s f 5s 1 930 .JAD
Read Co gen
1
1
lAnd
95% 96%
ill
118%
interest.
•Price include* overdue ooupo Cs>
October
THE CHRONICLK.
19, 1901.]
833
Investment and Railroad Intelligence.
RAILROAD EARNINGS.
The following tablo shows the grosa earnings of every sn am railroad frona whioh regular
irnings for the lafc
five the
can be obtained. The first two columns ol flgui
columns the earnings for tin- period from July I to and Inoluding suoh latest week oi monl h.
The returns of the street railways are brought together separately on a wbsequeni i u<je.
Notice Change—Our yearly totals now all date from Jul} I.
I
i.aii-st
ROADS
Week
or
Adirondack.. .
Ala dt Southern
Month
Vtigust.
.
1st
wk
..
Ool
uno
Ala Midland....
Ala N O As oxa- I'iui June
N o A No Ea Septan her
Ala* VU kab'g September
I
Grou Earnings
July
1
Current
Current
Tear
Year
a
a
20,0
I
1
.
UOADS-
out
43.189
76,89
156,006
67,762
453.566
223,565
1
1
i
36,254
538,727
9 19.6.il
Vioksb
sii
Ami arbor
Ann Wa-h A
AtobTop A
Atlanta
A
l
A
'cpteinber
P.
Jd wkOot.
Bal.
August
liar..
Atl Know A No.
Atlanta APt..
Atl Coast Line
Atl VilM A \\ 681
Austin A North w
Bait A Ann si,..
>
Bait A Ohio
W
.
184.978
77,654
71,383
83,696
lime
I
May
AUgllSt...
Li)
32,233
21 l.sl
1
512,408
16,463
ITS. 7-1
166,782
465,055
L6.351
lo.s 16
52,886
49,656
9.70 1,573
2,854,152
1 16,376
7,950,891
2,495,818
23,279
740,689
702,472
57(1, ITS
509,862
1,023,553
21 1,1)17
September
une
August ..
September
68,8
I
,258,840
L64.196
86,341
47,085
8,592
1,941,076
S Fe. August
5,31
22,966
L6.829
1,113,031
67,279
20,42V
12,830
8,740
250,450
20,238
9.799
1
49,476
156,00
18,122
1
B A O Southw. < September 4,167,390 3,927,258 12,633,422 11,848,717
243,716
134,751 108,733
216,634
Bangor * Aroosi August...
5,566
Bath A llaniiiion August...
3,172
3,387
5,740
5,029
14,169
Bellefonte Cent'l September
2,767
7,868
Bridgt ASaoo K. Vugust
Bull Koch A
l.t
.id wkOot.
Bull ale ASusq... August
Bnrl C Rap A No 1st wk Oot
Canadian Pacltlc d wk Oct
Cent'l of Georjtln 1st wk Oot
Cent'l New Eug. August
Cent'l of N Jersey
Central Pacific
5,938
138,737
63,879
131,654
759,000
166,305
58,418
August
1,574.59^
1,844,294
June
2,386
4thwkSept
2,529
st wk Oct
324,249
August
850.6 In
August... 4,979,671
st wk Oct
131, 601
July
Pa A Wesi
Chattan Soutli'n.
Ohesap A Ohio...
Chic & Alton Ry.
Ch'o Bnrl A Quln
Chic A E Illinois.
152,668
Chic Gt Western 2d wk Oot
88,126
Chiclnd &L'v... 1st wk Oct
Chio Milw & St F 2dwkOct
976,104
Chic A North W'n August... 4,298,425
Chlo Peo A St L, / September
118,720
St L Ch A St P \
ChioRI APao... August
2,996,672
Chic St
AO. August .. 1,119,321
Chic Term Tr RH thwkSept
41,183
Gulf.
st wk Oct 103,460
Choc Okl A
OinNO&TPao. 1st wk Oct 99,290
CI Cln Ch A 8t L. 1st wk Oct
372,051
Peoria A East'n 1st wk Oct
49,915
Clev Lor & Wliee. September 239,542
Colorado A South Aug at..
471,114
ColNewb& Lau. August
13,726
Col Sand A Hock 1st wk Oct
24,103
Cornwall A Leo.. August
37,134
Cumberl d Val ej August
110.424
Denver A Rio til 2d wk Oct 248,600
Detroit Southern. 1st wk Oct
23,993
Det & Mackinac. August ..
68,932
wk
DolSoBu AAtl.. 1st
Oot
50,557
E St L A Carond September
13,250
August
Erie
3,830,653
Evansv <fe Indian 2d wk Oct
5,619
Evansv A TH... 2d wk Oct.
27,220
Find Ft W A W September
9,635
Ft
A Den v City August
184,298
August ..
Georgia RR
139.428
Ga South A Fla. 3 wksSept
65.625
Gila Val G A N. August ..
25,104
Gr Trunk System 1st wk Oot 597,239
Gr Tr A West'n 4lhwk8ept 129.675
DetGr H AM.. 4thwk8ept
26,898
Great North'n —
StPMinn AM. September 2,859,299
East'nof Minn. September 565,600
Montana Cent'l September 172,063
Total system. September 3,596,962
Hocking Valley.. 2d wk Oct. 111,431
Ho us A Tex Cent luly
387,099
Illinois Central.. September 3,358,666
Illinois Southern September
11,923
Ind Dec A West'ii April
51,965
Ind 111 A Iowa... August...
140,436
Int A Gt North'n 2d wkOet
122,939
Interoc(Mex)
WkSepl2»
68.800
Iowa Central
2d wfcOct
5!),76;s
Iron Railway
'pteuiber
S
6,129
Kanawha A Mich 1st wk Oct.
19,821
Kan City Houth'n August
410,27*
Lehigh A Hud-m September
32,468
Lehigh Val Kit.. august... 2,445,738
Cent'l
PM
I
W
Leh Val Coal Co. August... 1,779,025
A East'u.
Lou Hen A St L.
Lotilsv A Nasliv
Lexing
August ..
-eptember
wkOct
eptember
Manistique..
September
{Mexican Central -'d wk Oct
Mexican intern'! August
{Mexican Nat'l.. Jd wkO.t
Mexican North"] May
{Mexican By
Wk Sept 28
Mexican South'i thwkSept
Macon
A Binn...
lsi
i
Minneap A St
L. 1st
wk
Oci
-I
I'
A
StM
8
1st
Month
wk
Oct
wk Oct
wk Oct
Mo I'ac A
Oct
wk
Central Branch
2d
wk Oct.
Total
Mob Jack A KO WkOot 12
Mil
Kan A
2d
Iron Mi 2d
I
i
I
I
35.729
58,704
687,335
8.470
2.491
33 1.295
498,549
137.190
43,892
74,206
18,710
77,755
A
0hlO..< September
Mont AMe\ dull Sontembei
Nash Ob A St La. September
Mobile
N.-v Oft]
i
n
r
and the
ntb,
July
i
1
to
last
two
:
Week
or
ar
*
40,543
627,369
1,021,928
22,19
51,470
71,062
I.atett
t» 1-ut, st Ihite
•
Ore
l«t
wk
Oct
year
Year
*
132,898
407, MT
$
1.601
!
1,333
688,000
24,000
712,006
675,ooii
2,937
2,356
470,500
124,468
625.653
3,550
..976
28,000
703,000
120,343
624,878
1,000
.
477,000
I
I,
I.
.01,100
37
43,660
1,1 is,
loo
358,943
)
1,178
,176
34;
1,89
46,475
3,7(19
3.091,
2,506
3,096
Nevada Central.. July
N YC& Hud Riv September 6,686,672 5,874,849 19,422,234 17,247,120
9T9. 2
571.513 526,589 1,1 15,0 11
n V out & West. August...
23 1,139
272,56
420,204
N Y Susq A West August
507,464
Norfolk A West'ii 1st wk Oct 338,687 307,603 4,518,913 4,316,184
692,936 673,036 1,349
1,271,551
Vorthern Central August ..
.303
North'n Pacified 1st wk Oct 962,17b 752,776 11,59 1,913
3d
wk
July
92
Ohio River
32,315
95,256
32,182
5 9, 623
855,110 1,(115,495
399,021
Pacillo Coast Co. August...
185,17.,
April
355,867 2,513,761 3,308378
Pacitlo Mail
8,388,161 7,401,961 16,010,056 14,192,056
Pennsylvania^. August
47.38
565,774
50,298
19,671
Penn ANorthw'n April
Pere Marquette. 1st wk Oct 179.791
160,98
2,666,053 2.362,550
1
I
I
I
1
9,566
7,661
4,536
August
132.312 1,988,500 1,735,896 Phil a A Erie
96,285 Phila Wilm AB.. August....
53,066
126,521
135,364 1,536,150 1,386,657 Pittsb C C A St L August
675,060 10.742,007 8.998,645 Pittsb Ai West'n. July
166,000 1,919,971 1,835,055
Pittsb CI A Tol July
112,750
123,072
Pittsb Pa&F.. July
62,921
Total system... 1st wk Oct
1,572,490 2,979,331 2,881,725
1,733,655 1,844,294 1,733,655 Plant System— 1
Ala Midland.
24,002
24,430
2,403
2,612
25,878
28,384
Bruns Ai W'n. [ August.
Chas ASav..,
323,936 4,618,811 4,245,351
Sav Fla &
865,104 1,678,276 1,616,701
Sil S Oo & G.
4,545,718 9,460,462 8,453,016
130,801 1,620.781 1,471.071 Reading Co.—
Phil A Read.... August....
154,994 2,286,599 2,101,599
August
Coal Air Co
32,178 1,289,029 1,118,384
Tot both Co's.. August
903,860 13,550,658 12,314,062
3,928,360 8,183,076 7,509,923 Rich Fr'ksb & P . \ugust
Rio
Jet.. August
112,251
351,487
320.289 Rio Grande
Grande So. . 1st wk Oot
2,600,977 5,787,531 4,899,904 Rio Gr'de West.. 3d wk Sept
974.307 1,966,558 1,707,732 St Jos A Gr I
September
404,444
357,399 St L Ken'et A So. September
37,239
*77,260 *1, 573,002
*980,766 StL
Ark
August
91,157 1,479,323 1,319.937 St L A San Franp 4thwkSept
1st wk Oct
370,823 5,359,555 4,707,244 St L Southwest
51,304
701,564
590,497 StLVan&iTH.. September
668.415
172,132
531,431 San Ant A A P.. August
935,686
404,986
796,020 San Fran &NP.. September
13,515
24,569
25,277 3Fe PresAPh... 1st wk Oot
22,810
359.149
289,430 Sav Fla A West.. August
33.681
72,880
55,739 Seaboard Air L.
st wk Oct
100.256
194.312
183,267 SilSprsO&G... June
252,800 3,675,o0J 3,504,948 SoO AGaExt... September
22,562
329,436
290,497 So Haven A East. August
137,000
September
74,581
148,325 Southern Ind
791,144
52,049
772,999 So Miss A Ark... September
So
39,775
37,782
Pacific Co b... August
12,528
3,484,272 7,353.346 6,699,280
Austin & No'n. May
8,028
102,352
106,200
Carson Ar Col. July
453,121
30,163
427,709
Cent Paclflo.... July
9,610
33,437
Direct Nav Co July
29,482
350.444
164,353
307,387
Gal Har ASA. July
267,516
127,520
249,954
Gal Hous A No July
70,128
281,026
264,177
GulfW. T. A P. July
30,75s
52,143
66,807
HOU8.E. A V.T. July
545,914 8,237,322 7,631,405
Hous. A Shrev. July
996,085
87,156 1,060,233
Hous ATex Ceu July
26,431
291,150
282,253
Iberia A Verm'n luly
Louis'a West... July
Morgan's L A T July
2,308,973 7,375.147 5,895,368
396,210 1,525,836 1,135,268
NewMexA Ariz July
492,835
523,616
N
171,637
AMex.. July
Tex ANOrl.... July
876,850 9,393,818 7.554,252
102.611 1,580,714 1,387.702
Ore & Califor'a July
295,611
387,099
295,641
Sonora Ry
July
3,112,621 9,917,596 8,631,232
So Pac Coast... July
31,954
10,525
35,299
SoPacof Cal .. July
53,110
591.677
565,067
So Pac of Ariz. July
272,401
187.095
So Pao of N
93,613
July
131 ^22 1,290,882 1,225,950 Southern Railw'y 1st wk oct
922,200
956,270 TerreH A Ind... September
80,800
665,561 Terre H A Peor.. September
51,149
694,006
13.513 Texas Central ... 1st wk Oct
4,020
18,860
269.525
230,550 Texas A Pacitlo.. 2d wk Oct.
16,714
361, S77
767,900
715.811 Tex S V A N W
September
102,836
116.123 Tol & Ohio Cent 2d wk Oct,
37,037
2,313,919 4,556,593 4,344,025 Tol P A West .... 1st wk Oct
1,813,505 3,204,334 3,517.721 Tol St LA
2d wk Oct
63,678 Tor Ham A Buff. August
34,830
67,226
1 82.874
56,887
166.309 Union Pac RR . )
569,170 7,783,106 7,029,416
Oreg RR A N £ August
25.310
10,187
24,941
OregSb Line. J
22.6:;:;
28,187 Wabash
7,281
2d wk Oct
'.25 1
320,916 4,633,279
Jersey A Sea'e August
05'
lo.
9 19.77
819.099 W VCeu A Pitt.. August...
123,601 2,061,579 2,129,150 Western of Ala
Juno
10
576,(179 Wheel A LE.... September
56.2
596,506
Wisconsin
78,000
Cent.
999,900 1,059,400
2d wk Oot.
17,753
L85.068 iV rights V A T'n. August ..
189,986
72,741
984.408
844,877 Yazoo & Miss V.. September
704339 547,1 2*
1,078,227 1,122,227
1,832,016 1,610,571
222,095 179,820
129,358
94,950
52,405
57,019
77,22s
74,873
1.309.39S
2,049.505
3,176,931
222,095
129,358
52,405
1,227,381
1,066,210
-',06 1,005*
8,076,956
179.820
94.950
57,019
1,054,623
'
548,629
524,509
1,178,209
1,124,786
W
AN
.
'
•
YT
M
W
W
i
1
.
2,594,250 2,567,547 4,833,931 4,707,295
2,424,983 2,465,231 4,317,489 4,562,233
5,019,233 5, 032,77s 9,151,420 9,269,528
82,410
66.021
167,829
150,516
100,433
104,180
52,396
49,707
152,659
12.158
12.217
156,846
114,000
99,700 1,248,200 1,090,900
372,661
357,201
104,411
128,571
37,230
30,390
14,663
11,325
IS, 172
19,875
10,050
41,673
499,626 454,948 5,099,204 4,334,172
158,100 172,833 1,836,211 1,673,452
507.666
177,282 174,474
533,056
225,205
397,138
328,-5112.863 103.267
307,840
255, sso
2 17,595
19,293
19,821
/54S.629 f524,509 >1, 178.209 '1,124.786
239,087 251,049 2,918,466 2,712.784
281,602
16,769
20,617
216,824
60,294
20,443
20,941
58.784
16,o6l
8,682
9,602
14,676
95,311
57.459
34,346
161,893
53,241
18.961
18,055
57,054
7,184,692 5,997,662 13,815,451 11,731,157
250,150
156,004
20,422
12,830
11.06S
19,373
19,373
11,068
1,844,294 1,733,655 1,844,294 1,733,655
1,943
2,828
2,8^8
1,943
486,194
559,955
559,955 486,194
26,495
29,951
26,495
29,952
8,477.
13,776
13,776
8,477
55,046
64,880
55,046
64,880
8,112
13,391
13,391
8,112
295.611
387.099
387.099 295,641
2.156
3,938
2,456
3.938
107.1-5
137,7 19
137,749 107,485
s499,22s
587,1
499,228
587,188
17.937
27,090
27,090
17,937
17,711)
25,583
25,583
17,710
173.324
246,1 19
246,149 173,321
229,1 (IS
280,0 13
280.013 229,16s
45,082
44,538
44,538
45,082
99,015
98,477
99.015
98,477
1,754,458 1,454,498 1,754,458 1,454,498
271.600
806,673
306,673 271,600
145,502
182,817
1 15,50182,817
767.260 738,831 9,787.780 9.237,225
416,759
408,147
114,977
142,198
124.352
147.536
41,60!
46,470
132
20,213
15,711
16,410
215,191 2358,295 2.5!»,
245,70;;
3O.20O
32,100
11,600
10,500
851,019
1,143
50,767
58,283
333.903
322,786
25,187
22,923
611.2x0
761,936
4 1,129
55,1 53
61,562
80,109
29,926
43,651
I
4,123,595 3,891,161
7.1-1,265
8,07-
5,232,332
401,314
372.831
851 ,150
105,784
61 1,450
57.83:2
5i. or,
821,088
9,4 16
-.711
1,993
1,799.817
17,115
1,630.306
23,306
1,29<
1,10!
1
1.031
i
21
300,736
121,000
9,217
451,26!
17,480
1,12
1
1
9 1.209
Mexican currency.
* Figures ftom September 1 are for the railroad only.
§ Covers results on lines directly operated east of Pittsburg.
aincludes Paducah A Memphis Division from July 1 in both year.-.
^Includes the Houston A Texas Central and its subsidiary lines. Earnings ol the Cromwell Steamship Line, not previously reported, are
J
now also included.
c Results on Montgomery Division are included in both years.
<l Includes St. Paul A Dultith lor both years.
I These figures
i-t \ ear.
e Includes results on Sher. Shrev. & Southern, Mo. Midland and San Antonio extension lor this year, bul not for
are the results on the Ala. Midland, Brunswick A Western, Charleston A Savannah, Savannah Fla." A West'n and Silver Springs Oeala A Gulf.
u g These figures include, besides the St. Louis & San Fiancisoo proper, the Kau. City Ft. Scott A Msmphta and Ft. Worth & Rio Grande.
I
THE CHRONICLE.
831
Totals lor Fiscal Year.
In the full page statement on the preceding |>;i<<<' 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
etill have their own fiscal years.
These with their dates are
brought together in the following.
1st
[Vol. I.X.XIII.
week of Oelobtr.
Northern Paclflo
P«re Marquftt*
Pittsburgh & Western.
Sant* Ke Prt> s. <fc Phoenix
Seaboard Air Line
southern Railway
Texas Central
i
Roads.
Period.
Atlanta & Charlotte Atr Line.
Bellefonte Central
Burlington Cedar Rap. A No.
Central of New Jersey
Chicago <fe North-Western. .
Chicago Rock Island & Pao..
Ohio. St. P. Minn. & Omaha
Choctaw Oklahoma & Gulf
.
Apr.
Jan.
Jan.
Jan.
J <uie
Apr.
Jan.
1 to
1 to
1
Nov.
&
Carondelet. Jan.
Jan.
Gila Valley Globe & North'n. Jan.
International & Gt. North'n. Jan.
Lehigh Valley RR
Deo.
Lehigh Valley Coal
Dec.
Manlstlque
Jan.
Mexican Central
Jan.
Mexican International
Jan.
Mexican National
Jan.
Mexican Railway
Jan.
Mexican Southern
Apr.
Missouri Paolllo
Jan.
Central Branch
Jan.
Total
Jan.
Monterey & Mexican Gull.... Jan.
Northern Central
Jan.
Ohio River
Jan.
Paclflo Mall
May
Pennsylvania
Jan.
Pennsylvania & North wes'n. Jan.
Pere Marquette.
Jan.
Philadelphia & Erie
Jan.
Phlla. Wilm'g'n & Baltimore. Nov.
Pitts. Clnoin. Chlo. & St. L... Jan.
Rio Grande J unction
Deo.
8t. L. Vandalia & Terre H.... Nov.
South Haven & Eastern
Jan.
South. Missouri & Arkansas.. Jan.
Terre Haute & Indianapolis- Nov.
Terr e Haute & .reorla
Nov.
Texas & Paclflo
Jan.
West Jersey & Seashore
Jan.
I
line
Year.
64%?92
'
518,339
31.^37
3 624 351
36.fl66
3,8 '2,0 6
Bent 30
Oct
Previous
Year.
7
Aug. 31 11 072,9 M 10.VJ7l.3lfS
1 to Aug. 31 12.0^6,178 11 1U8.096
1 to Aug. 31] 12, U1.790 10,457.182
6 20tf,4">3
1 to Aug. 31' e.791,<5
7 4,727,372 3 071.542
1 to Oct
689.71 H
650,173
1 to Aug. 31
7 1,^59.668 2,015.?86
1 to Ocl.
118.74ft
119,104
to Sept. 30
1,371.27? 1,035,-80
to Aug. 31
V26.69'
259
614
to Aug. 81
3 49 .100 3,039,411
to Oct 14
to Aug. 31 20,032 l«0i 8 553.6*2
to Aug. 31 15.92S 3291 13,860,053
92.380
81.466
lto Sept. 30
•'.499,765 13 532 228
1 to Oct. 14
3 ST9911 3 4»i,12->
to Aug. 31
5,988,056 6,189,«76
1 to Oct. 14
lto Sept. 28 3 201 400 3,420 300
437 793
431.753
1 to Sept 28
,
Worth & Denver City
It.
to
.
Current
1 to
Cumberland Valley....
Jan.
Duluth South Sho. & Atlantic Jan.
East St Louis
Latest Grot* Earning*.
;
'
I
1 to Oct 14! '6.872 9.V 23,297,196
14 1,068 437 1,082
l to Oct.
28 246 7/7 24..*64,256
1 to Oct
lto Sept. 30 1,0 3,^4* 1.045,693
lto Aug. 31 5,300,345 5 071,545
3U
H
753,104
799,624
July 23
Apr. 30 3,071, 166 3,817,620
Aug. 31 tfO.840,667 55,013.367
22?> ,5 26
227,045
Apr. 30
7 6 929 719 6 206,395
Oct.
Aug. 31 4 294.114 3 700,719
Aug. 31 9,727,778 9 414.378
1 to Aug. 3' 13 227,991 12 460,471
404,371
334.691
1 to Aug. 31
1,762,389
1 to Sept 30 1.844.- 9'
39.197
36.583
lto Aug. 31
lto
lto
lto
lto
lto
lto
lto
;
lto
lto
160 530
1,432809
lto Aug. 31
503,208 505,766
2.t21.883
Sept. ?0
Sept. 30
1 to Sept. 30
1 to Oct 14
134 450
1.465,991
434>38
6 639 160
2,481,183
—
Latest Gross Earnings by Weeks. In the table which
we sum up separately the earnings for the latest
The table covers the second week of October and
week.
shows 8*34 per cent increase in the aggregate over the same
last year.
2d week of
1901.
October.
$
Ann Arbor
.
Buffalo Roch.
& Pittab'g
Chicago Great Western.
Chicago Milw. & St. Paul.
Denver & Rio Grande.
Evansv. & Indianapolis.
Evansv. & Terre Haute
Int.
& Great
Northern..
Iowa Central
Kanawha &
Michigan...
Mexican National
Mo. Kansas and Texas..
Mo. Pacific and Iron Mt.
Central Branch
Mob. Jackson & K. City.
Texas & Pacific
Toledo
&
Ohio Central..
Tol. St. L.
Wabash
& West
Total (23 roads)
Net Increase (834
p.
33.696
138,737
759,000
152,668
976,104
1900.
*
32,233
132,^1
5 > 5.000
24R,eO<
154,994
903,860
25i,800
5,619
27,220
111,431
122,939
59,763
22,3
334,295
187,190
407.H17
688,000
24,000
2,937
245,703
58,283
55,153
401,314
121,000
8,028
30,1 o3
102.611
131,822
51,149
15,629
320,916
123,e02
373.333
675. 1 00
28,000
2,3 S6
245,491
50,767
44,429
3" 2,834
111.218
5,133,829
4,738,547
0.)..
Increase.
$
1.463
6,425
184, vOO
Decrease.
$
2,326
72,244
4,200
2,409
2,943
8,820
8,883
8,614
6,731
13,379
13,5834,484
13,000
4,000
581
212
7,516
10.724
28,480
9,782
420,043
395.282
24,761
For the first week of October our final statement covers
54 roads, and shows 7*18 per cent increase in the aggregate
over the same week last year.
1st
week of October.
1901.
Previously rep'd (26 r'de)
Alabama Gt. Southern..
Burl. Ced. Rap & North.
19,821
Nashville..
597.335
132,893
16,714
569,170
90 80R
3.709
307 603
3,107
28,lKh
Hock'g.
<fc
Atl.
)
Grand Trunk West.. >
DetGd. Hav. & Milw. 3
&
Minn. St. P. A «. Ste. M.
Nevada-Cal.- Oregon
Norfolk & Western
99.290
3,550
338.687
Decrease.
(')4
West'n.
roads)
305
313
806
1.3&9
1,293
1,492
4 J ,09 2
159
31.084
752, --(i
77,2 219,821
2 3 ",08 7
767,260
16,410
22,923
create.
I >•
9
9
209,40?
18,807
160!M1
74.87*
19, 93
2,3
V
528
251,01''
73", ^31
11,962
28.429
'
20,213
2. ,187
809,191
722,715
3,803
2,264
86,476
Net Earnings Monthly to Latest Hates.— The following
gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
Include? every road from which we can get returns of this
character and in that form is given once a month. Early returns art 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 oui monthly article on net earnings— say about the 80th
of the month.
The returns of the street railways we give by themselves
under a separate head at the extreme end of these tabulations
—see page 8.17.
mows the
Grots Earning!.
Current
Previous
Roads.
Adirondack. a
.Aug.
July 1 to A ug 31..
Alabama Gt. 8o'th.a Aug.
July 1 to Aug. 31
Ann'p.W'8h.& Bal.aAug.
July
1 to
Aug. 31
vnn Arbor. b
Aug.
July 1 to Aug. 3i
Year.
9
22,192
40,543
Year.
.
.
.
.
—
,
.
Net Earnings.
Current
Previout
Year.
Year.
9
9
.
9
20,044
36,254
8,925
12,141
7,301
9,150
200,720
332,595
172,484
322,169
P9.604
106.225
49.847
85,168
8.592
16,351
5,319
10,846
3.519
7,116
2.310
156,977
300,801
135,647
266,761
52.778
102.229
2,095
31,345
»toh.T «S8. Fe.b Aug. 4,941.070 4,253,840
July 1 to Aug. 31.... 9,704,573 7,950,891
Atl. Knox. & No a. Aug.
47,663
43,905
July 1 to Aug. 31 ...
93,496
86.938
\tlan. AWest P' b.June
49,656
47,035
July 1 to June 3o .
740,689
702,472
Atlantic Coast L a Aug.
576,478
509.862
July 1 to Aug. 31.... 1,111,031 1,023,553
vustin & Nortw'n bMay
20.422
12,830
July 1 to May 31
250,450
156,004
Baltimore & Annapolis
Short Line. a
Aug.
9.799
8,740
July 1 to Aug. 31
20.238
18,122
Bait. & Ohio. fc. I .Sept. 4,167,390 3,927,258
July 1 to Sept 30
12,033,422 11,348,717
Bancor<fc Aroost's bAug.
134.751
108.733
July I to Aug. 31
243,716
216.634
Bath & Hamm'os.bAug.
3,172
3,387
July 1 to Aug. 31
5.566
5,7.0
tf ellef onte Ccd t ral bSept
5,029
2,767
36,6t>6
Jan. 1 to Sept 3o
31,837
Bridgt. <fe Saoo K.bAug.
4.536
5,938
July 1 to Aug. 31
9,566
7,661
Bull. R. APittbs. b.Aug.
500.937
596,750
976.624
July 1 to Aug. 31
1,151,189
riufialo&S'Bqueb aAug.
63.879
53,066
126,521
July 1 to Aug. 31
96,28.)
428 415
<arl.Ced. R.& N o. a. Aug.
529.534
Jan. 1 to Aug. 31.... 3,272,766 3,021.852
anadian Pacific. a. Aug. 3,118.551 2,637,983
July 1 to Aug. 3i.... 5,970.00 7 5,109,153
497,276
598,039
Cent, of Georgia. a. Aug.
1,168,055 1,020,360
July 1 to Aug. 31
58.418
62,921
Central New En g b.Aug.
112,750
123.072
July 1 to Aug. 31....
cent, of N.Jersey a. Aug. 1,574,597 1,572.490
11,072,951 10,271,315
Jan. 1 to Aug. 3i
entral Pacific b... July 1,844,294 1,733,655
2.403
2,386
Central Penn. & W. June
24,430
24,002
July 1 to June 30
1C.269
9,156
Ohattan'ga South. aAug.
18,380
19,896
July lto Aug. 31....
hesap. <& Ohio a.. Aug. 1,499,278 1,364,179
July 1 to Aug. 31.... 2,845,983 2,562,813
850,618
865,104
Chicago & Alton. a. Aug.
1,678,276 1,616,701
July lto Aug. 3i
Ohio. Burl. &Qnin bAug. 4,979,672 4,545,718
9,460,462 8,453016
July 1 to Aug. 31
525,317
459,970
Uhlo. & East. 111. b.. Aug.
995,379
867,611
July 1 to Aug. 31....
738.941
621,834
:)hlo. Gt. West'n. b.Aug.
1,344.240 1,162,884
July 1 to Aug. 3i
424,618
363,998
hlc. Ind.&Louls.a.Ai.g
812,310
686,966
July 1 to Aug. 31
Ohio. M. & St. P. a. .Aug. 3.964,056 3,594,690
July lto Aug. 3i ... 7,546,096 6,815,017
2,996,672 2,600,977
!hlo. R.I.&Pao.adAug.
12,111,790 10,457,182
Apr. lto Aug. j1
118.505
132,947
(Jhlo. Ter. Transf b. July
525,661
336,677
hootaw Okl.&G.b.Aug.
Nov. 1 to Aug. 31.... 4,197,349 2,724,023
466.287
415,767
o'ln. N. O. & T. P.a.Aug.
919.233
837,553
July 1 to Aug. 31
Cl.Oln.Obio.&St.L.aAug. 1,729,193 1,449,939
3,325,388 2,812,584
July l to Aug. 31
228,749
171,728
Peoria&East'n.a Aug.
433,304
342,598
July 1 to Aug. 3i....
216,768
169,802
Hev.Lor. & Wheei.a July
471.114
404,986
C Jlor'do & South, b Aug.
935,086
796,020
July 1 to Aug. 31
.
8,133
1.228
1
962,178
179,791
Increase.
p.c.)
—
5,948
26,200
1900.
10,783,239 10,060,524
Net increase (7-18
—
$
61,697
3,710
Michigan...
Grand Trunk
Louisville
13%364
51,325
&
Shore
Kanawha &
$
311,390
8,281
545,914
& Eastern
Col. Handueky
Ho.
$
4,936,531
43,189
597,239
Cln. N. O. & Texas Pao..
Clev. Cln. Chic. & St. L..
Ptoria
$
5,216,224
51,470
131,654
166,305
324,249
131,607
88,126
10H.460
Increase.
372,051
49,915
24,103
50,567
Chlo. Indian'lis <te toulsv.
Duluth
1900
166.000
323,936
130,801
82,178
77,260
91.157
370,823
51,304
22,810
52,049
Chesapeake &OI1I0
ChlcaKO & East. Illinois.
Total
&.
l
follows
week
Toledo Peoria
1901.
344
t2.069.277 (1,526,335
t4,062.527 (2,848,806
11,582
19,735
31.902
28,915
10 958
25,992
255,008
165.285
290.941
S,*48
89,768
267,703
147.138
300,432
def. 1.079
2,703
1,948
3,396
7,743
5,957
1,532,680 1,340,658
4,8)3,547 3,658,563
29.997
42,1*5
79.206
67,777
1,130
1,510
2,227
1,478
2,738
881
12,224
10,978
2,703
1,930
3,890
3,143
198,844
277,433
396,411
539.323
23.868
22,157
44,046
36,849
194.766
121,196
1,012,8 <1
88.589
1,305 632 1,054,475
2,401,499 1,938,849
150.487
128,532
298.210
282,105
13,864
18,429
32,995
26,387
714,431
675,527
4, 7 62, ISO 4 116,777
833,045
780,402
def . 962
def. 7 8
def. 4.150 def. 1.385
def. 5, 409
def 2.233
del. 7,340
def. 3. 7 41
577,240
629,228
1,146,586 1,092.846
311,~39
314,993
575,033
629,898
2,141,720 1,8*2,518
3.B60.772 3,199.971
178.570
236.178
447.846
332,424
230.115
258,114
420.491
389,524
145,118
175,808
246,433
332,304
1.454,615 1,353,170
2,811.902 2,514,260
1,333,749 1,140,475
3,415.274
4,127.41
62,539
65.865
137,191
212,864
897,645
1,603.085
110,475
121.278
217,975
240,759
388,601
519,324
744.850
996,807
44,468
52.467
85,943
100,641
22,500
100,822
97,139
124,937
187,661
239,016
";
,J
THE CHRONICLE.
0* i-obek 19, 1901.
— Oro$t
Kzmings.
Current
Tear.
Road*.
Colum.Newb.A L.b.Au{
July
1
to Auk- 31..
Cornw'llALeb'n.a Aug.
July
1 to
Aug. 31....
Ireviout
Tear.
.
--
—Met Mart xn'ji —
Current J'revioui
Tear,
I
13,726
24,669
•
13,515
25,277
9
4.603
9,713
37.134
72.880
33.681
65,739
20,774
36.C05
Year.
I
4.219
9,190
11.651
24,497
100,256
60.709
42.660
110,424
236,256
650.173
219,08
689.719
Aug. 31....
484,982
404,368
D«dv. A RloG'rtr.b.Aug. 1,052 851 1,015,495
867.896
743,136
July 1 to Aug. 81.... 2,087.462 1.998,043
13,786
74.581
68.932
28.242
Detroit A Maok'e uAui.'.
29,t25
148,325
137,000
52,105
July 1 to Aug. 3'. ....
93,921
35.810
110,860
18.731
Detroit Southern aAug.
173.072
52,863
195,308
26,038
July 1 to Aug. 31....
254,440
97,476
243.619
110,084
Dul.So. Bb.AAtl.b.Aug.
S 85,386
181,073
Jan. 1 to Aug. 31.... 1,667,671 1,741,154
Brie. a
Aug. 3.830.653 -8,484,272 1,405,808 1,183,934
July 1 to Aug. 81... 7.353,346 6,699,280 2,557,976 2,124,848
25,293
13,083
Evans. A Indian, b July
30,365
7.316
109.476
51,568
KvanB. A T. H.b ... July
123,822
49,912
8,492
1,559
723
FlndlayFt.W.AW.b.July
10,982
Pt.W.A Den. City b Aug.
164,353
58,218
184,298
49.819
359,3*1
Jan. 1 to Aug. 31.... 1,371.275 1,036,780
218,579
127,520
22,912
20,522
Booritla.a.
139,478
Aug.
249,954
£46,256
July 1 to Aug. 3l....
267,516
£43,595
95,047
35,437
Oa.Bouth. & Fla.a.Aug.
25,522
111,240
194.049
65,549
216.401
54,231
July 1 to Aug. 3i....
S0.758
BilaVal.GlobeANo.Aug.
25,104
8,769
15,255
66,807
24,426
July 1 to Aug. 31....
52,143
37,274
764,056
688,624
8r. Trunk of Can. . Aug. 2,206.517 2,004,066
July 1 to Aug. 31 ... 4,160,944 3,770.155 1,404,501 1,265,316
35.526
Gr. Trunk West... Aug.
339,202
337,255
51,586
646,771
658,937
47,206
70,079
July 1 to Aug. 81....
97,819
24,820
D«>t. Gr. H.A Mil. Aug.
98,792
12,654
187,851
63.266
37,960
202,450
July 1 to Aug. 31....
458.C08
393,400
18?,338
Hooking Valley. a..Aug.
157,182
774,822
352,124
July 1 to Aug. 31....
fc87,943
306,076
295,641
Houst.ATex. Cent. July
387,099
98,332
65,739
Illinois Central... a. Aug. 3.383,178 2,881,721 1,003,162
663,533
July 1 to Aug. 31.... 6,5o8,930 5,618,611 1,972,179 1,063,265
Indiana 111. A la. b. Aug.
93,613
5<!,194
140,436
31,145
107,031
66,0s6
July 1 to Aug. 31....
272,404
187,095
206.011
194,167
35,371
28,166
Iowa Central b
Aug.
356,117
72,421
46,517
July 1 to Aug. 31....
383,188
Iron Railway. b.... Aug.
6,717
4,648
2,467
2,628
4,852
4,200
July 1 to Aug. 31....
12,731
9.493
Kanawha & Miob.ti. Aug.
88,391
75,445
26,991
16,303
166,655
148,849
39,755
30,632
July 1 to Aug. 31
Kan. City Nortbw.. Mar.
29,401
30,800
4,924
3,851
25,209
Jan. 1 to Mar. 31....
97,122
97,303
22,912
Kan.Clty 8outh. ..aAug.
416.278
361,877
113,776
54,332
184.962
July 1 to Aug. 31....
767,900
715,811
97,654
f 01,857
Lehigh Val. RR.a.Aug. 2,445,7 38 2,313,919
526,266
Deo. 1 to Aug. 31.. ..20,032,180 18,553,682 3,983,053 2,788,755
Lehigh V.Coal Co. a. Aug. 1,779,025 1,813,505 def.95,832 df 108,785
Deo. 1 to Aug. 31. ...15,925,329 13,860.053 df.397 50l df.666,179
Lexlng'n AEasl.b. Aug.
35,729
34,830
14,451
14,795
July lto Aug. 31....
67,226
63,678
26,568
25,321
Lou. Hen. A St. 1. b.. Aug.
66,775
54.028
22.087
17,466
109.422
July lto Aug. 3l....
124,170
40,918
35,146
Loulsv. A Nashv.i Aug. 2,435,640 2,190,795
743.181
723,278
July I to Aug. 31
4,747,050 4,244,517 1.290,169 1,414,963
Maoon A BlrmluKbAug.
7,884
8,172 def.2,lf3 def. 1,5 05
July lto Aug. »1..„
16,471
15,123 del. 3,8 10 def.2,468
Manlstique.b
Aug.
8,135
10,178
1,635
84
Jan. 1 to Aug. 31....
85,098
35,i94
78,975
34,988
Mexican Central.. Aug. 1.301.222 1,290,429
230,497
203,280
Jan. 1 to Aug. 31... 11,544,014 11,609,424 3,105,017 3,578,488
Mex. International Aug.
498,549
410,057
189.609
140.600
Jan. 1 to Aug. 31.... 3,879,911 3.491,125 1,715,657 1.3t9.94l
302,392
Mexican National. Aug.
689,775
650,735 C189.418
Jan. 1 to Aug. 31.... 5,148,640 5,333,803 cl,865,771 2,535,859
Mexican Northern May
56,240
43,892
15,021
26,096
July lto May 3i.
576,079
243,963
225,96a
596,506
Minn. A St. Louis.a.Aug.
246,388
139,661
307,717
106,314
b05,118
259,724
195,335
July 1 to Aug. 31....
497,684
M.St. P. A 8.8. M.b Aug.
348,111
240,389
482,589
118,959
July lto Aug. 31....
444,250
241,616
928,508
706,978
Mo. Kan. A Texas. a. Aug. 1,382,626 1,141,515
363,416
373,148
July lto Aug. 31.... 2,637,670 2,086,475
630,885
552,311
Missouri Pacino... Aug. 3,519,445 3,041,239 1,388.179 1,224,552
Jan. 1 to Aug. 31... 23,507,727 20,251,256 8,500,843 6,356,539
Mont. A Mex. Gulf July
101,778
105.992
22,444
9,836
Jan. 1 to July 31....
776,672
803,694
207,965
202,866
Nash.Ch.A St. L.to.. Aug.
650.181
202.590
226,390
648,667
July 1 to Aug. 31.... 1,273,155 1,258,520
443,619
379,752
Nev.-Cal. -Oregon... Aug.
13,701
14,186
6,803
5,772
July 1 to Aug. 31
22,5.3
25,981
12,458
8,9a9
Nevada Central.... July
3,096
628
2,506
def.714
». Y. Ont. A West.aAug.
571.513
204,832
526,589
217,467
July lto Aug. 31
1,115,041
360,206
979,244
400,154
N. Y. Hub. A West.a Aug.
272,564
234,439
108,569
116,210
July 1 to Aug. 31
607,464
420,204
242,391
185,339
Norfolk A West'n.a.Aug. 1,437,512 1.403,808
567,764
622,309
July 1 to Aug. 31.... 2,775,119 2,680,477 1,167,594 1,046,797
Northern Central, b. Aug.
692,936
229,776
673,036
216,576
Jan. 1 to Aug. 3i.... 5,300,845 5,071,545 1,440,692 1,365,092
Northern Paoitio.b Aug. 3,529,046 2,889,925 1.785,747 1,462,235
6,634,222 5,502,433 3,299,185 2,613,103
July 1 to Aug. 31
Pacific Coast Company -See Miscellaneous Companies.
Cumberland Val.b.Aug.
Jan.
1
-3.",
to
:
PennsylvaniaLines direotlyoperated
East of Pitts. A E.Aug. 8.388,161 7,401,961 3,468,815 2,832,315
Jan. 1 to Aug. 31... 60,840,667 55,013,367 20,830,296 17.290,196
Ino.
822,600
Ino.
244,500
West of Pitts. A£. Aug.
Ino. 2,647,000
Ino. 1,675,700
Jan. 1 to Aug. 31....
47,884
20.215
50,298
17,182
Penn. A Northwest Apr.
225,526
227,046
104,391
101,690
Jan. 1 to Apr. 30....
904,235
219,059
788,517
249.939
Pere Marquette. a.. Aug,
Jan. 1 to Aug. 81.... 5,944,217 5,302,450 1,412,675 1,172,711
•
Oron Kam\ng§.
Current
1
ttoadt.
Phlla. AErle.b... Aug.
Jan. 1 to Aug. 3i...
ear.
8
704.33!)
1,294,114
frr.viou§
1
<
ur
I
547. 12H
3,700,719
,
Nti 1. irnxnai.—
I'retiouM
Current
Tear
Year.
S
•
23;
360,239
«
0,626
Halt.bAug. 1,078,227 1.122,227
420,826
Nov. 1 tO Aug. 31.... 9,727,778 9,414,378 8,010,819
1,832,046 1,610,571
Pitts. C.C.ASt.L.a Aug.
644 ,044
Jan. 1 to Aug. 31. ...13,227.991 12,460,471 8,704,197
403,858
Pltts.A West. Sys.b. July
158,862
881,789
Phll.WUm.
A
1,276,060
422,(<86
56'
3015.445
12'
Beading Company—
IMilla.
A
Keaa'sr.b.Aug.
July 1 to Aug. 31....
Coal A Iron Co. b. Aug.
July 1 to Aug. 81....
Total both Co.'s.bAug.
July 1 to Aug. 3i
2.594,250
4.833,931
2.424,983
4,317,489
5.019,233
9,151,420
ReadlngCo.b
Aug.
July i to Aug. 31
Total all Com p's.b Aug.
July 1 to Aug. 8 1
Rich. Fred. A Pot. Aug.
July 1 to Aug. 31....
Rio Grande Junot. Aug.
Deo. lto Aug. 81....
Rio Grande South, t Aug.
July lto Aug. 31....
RlO Grande West. b. May
July 1 to May 81..-.
St. Jos. A Gd. Isl.a.Aug.
July 1 to Aug. 31....
8t. Louis AN. Ark. b Aug.
July 1 to Aug. 81....
St.LoulsA8anF.bk Aug.
July 1 to Aug. 31....
St.LoulsSo'west.b.Aug.
July lto Aug. 31....
San Ant.AAran.P...Aug.
July 1 to Aug. 31....
San Fr. A N. Pao.a.Aug.
July 1 to Aug. 31....
Santa Fe Pres.A Pb Aug.
July 1 to Aug. 81....
Bav. Fla. A West. b. Aug. *
July 1 to Aug. 31....
Seaboard Air Line aAug.
July lto Aug. 3i....
2,567.547
4,707.295
2,466,231
4,562,233
5.032.778
9,269.528
1,019,277
1,777,282
237,544
2 13,60 2
1,256,821
1,990,784
999.416
1,728,831
226,361
200,223
1,220.777
1.929.051
21,952
46.706
1.247,729
1.975,760
78,877
161.211
1,335.698
2,151,995
66.021
82,410
30,797
21.7C0
167,829
U0.516
62,145
58,026
52,396
49,707
fl5,719
T14.912
404,371
384691 f 121,311 f 11 5,407
49,609
47.575
24,043
18,680
97,225
93.739
47,152
38,771
436,658
368,056
164,075
120,1 16
4,458,680 4,055,242 1,516.029 1,593,128
132.915
119,164
45,898
44,030
268,250
228,630
98,389
79,268
19,875
10,050
10.897
4,608
41.673
18,172
21,504
8,744
1,761.511 1,525,199
717,602
653,326
3.446.104 2,843,507 1,450,853 1.147,834
561,062
481,367 4182,334 4179,026
1.068,917
949,202
§293,982
1340.148
225,205
84,536
397,138
106,575
106,713
100,947
42,190
45,301
215.995
204,573
90,586
95,352
68.342
72,652
28,5'
34.069
156.948
154,804
80,086
82,119
54 8,629
524,509
115,217
133,912
1,178.209 1,124,786
299,695
308,298
774,909
923,699
321,967
73,326
1,795,488 1,615,434
568,717
276,721
South. Mo. A Ark.bSept
18,961
18.055
8,961
8.754
160.530
131,450
Jan. lto Sept 30 ...
65.422
49,720
7,184.692 5,997,862 2,740,548 2,009,412
i Southern Pact no. a Aug.
July 1 to Aug. 31.... 13,815,451 11,731,157 5,250,734 3,935,825
Carson A Colo. b. July
19,373
11,068
10,822
3,747
Central Pacific- b. July 1,844,294 1,733,655
833,045
780,402
Direct Nav. Co.b July
2,828
1,943 def.3,993 def. 4,535
Gal. Har.ASariA.li J uly
559,955
486.194
135,662
63,064
Gal. Hous.& No. b July
29,952
26,495
3,059 def.9,633
542
Gulf W. T. A Pao.bJuly
13,776
8,477
def. 966
Houst.E. A W.T.b. July
55,046
13,469
64,880
16,423
Houst. A Shreve.bJuly
13,391
8,112
2,192
2,551
Iberia A Vermilb July
2.4J6
2,084
3,938
883
107,485
57,112
Louisiana West, b, July
137,749
29,096
499,228
M'g'n'sLa. ATex. b July
587,188
188,840
127,887
N. Mex. A Ariz . b July
27,090
17,937
14,380
1,110
W.Y.Tex. A M.b. July
17,710
9.391
25,583
4,850
Oregon A Calif.b. July
229,168
105,823
280,013
58,043
Sonora Rail w'y.b. July
4,141
44,538
45,082
5,258
So. Pao. Coast., b July
98,477
27,368
99,015
36,992
306,673
271,600
147,385
6o. Pao. of Ariz.b. July
129,812
805,743
625,816
So. Pao. of Cal.b. July
1,754,458 1,454,498
145,502
115,528
83,372
8o. Pao. of N. M.b. July
182,817
246,149
173,324
71,016
53,378
Texas A N. Orl.b. July
Southern Rallw'y.a Aug. 3,053,976 2,850,841
940,460
886,317
July 1 to Aug. 31
5,952,399 5,526,704 1,662,485 1,547,839
Texas Central. a
July
14,291
7,186
40,811
28,668
59,171
roledo A O. Cent. a Aug.
73,412
265,630
225,442
147,746
118,562
July 1 to Aug. 31....
616,342
436,693
32.269
38,880
ToLPeoria A West, b Sept.
96,276
107,688
89,599
89,339
July 1 to Sept 3o....
299,8ei
308,717
anion Padflo
a. Aug.
4,123,595 3,891,161 1.928.507 1,677.301
July 1 to Aug. 3l
8.072,288 7,4e 4,265 8,826,225 3.272,896
525.600
476.824
Wabash. b
Aug. 1,686,379 1.527,319
948.664
827,533
July 1 to Aug. 31.... 3,238,719 2,877,423
300.261
320.561
614,450
(V. Jersey A Seash.b Aug.
651,150
762.255
782,855
Jan. 1 to Aug. 31
2,621,883 2,481,183
19,745
21,766
54,045
West. of Alabama. b.June
57,832
262.425
286,327
739,745
821.088
July lto June 30
45,465
41,055
95,563
W. Va. C. A Pltts.b.Aug.
105,784
83,949
82,822
191,209
July 1 to Aug. 31....
208,876
51.167
41.900
Coal Departiu'tb. Aug.
79.180
103,796
July 1 to Aug. 31
4,890
7,050
Real Est. Deptb.Aug.
10,423
18,895
July l to Aug. 31....
97.412
94,415
Total. b
Aug.
182,024
197,041
July 1 to Aug. 31
97,108
105.727
267.458
314,496
Wheel. A L. Erie.... Aug.
177,504
171.672
487,857
598,710
July 1 to Aug. 3i....
214,313
181,528
490,918
Wisconsin Central b Aug.
549,370
419,104
314,699
941,123
July 1 to Aug. 31.... 1,077,628
3,034
1,882
11,993
9,217
WrlKhtsv. A Tenn.. Aug.
3,291
5,900
23,366
17,415
July 1 to Aug. 31....
46,362
73.490
356,612
429,063
Yazoo AMlss.Val.a Aug.
107,834
123,672
673,323
839,368
July 1 to Aug. 31
.
.
after deduotlng taxes.
b Net earnings here given are before deduotlng taxea.
cOf the balance here given there was charged ofl for repairs,
replacements and general expenses in August $34,998, leaving
$154,420 applicable to interest on bonds. From January 1 to august
31 there was charged off for this purpose $305,444, leaving a
a Net earnings here given are
THE CHRONICLE.
836
balance of $1,660,827. These figures arc In Mexican ourrenoy, and are
convertible luto gold at the ourrent rate of oxohange.
d Oross earnings Include other Income.
f Thirty per cent of gross earnings.
a From July 1 to August 31,1901, net after allowing for other inoome
was $46,256 against $ • 3, VJ5.
1 These figures lnolude Houston <fe Texas Central and Its subsidiary
lines and the Croiuwell Steamship Line.
kTheeo figure* lnolude in both years results on Kansas City Fort
Scott A; M.-uiplus RR. and Fort Worth & Rio Grande KR.
i Includes Paduoah <fe Memphis Division from July 1 In both years.
1 For August,
1901, taxes and rentals amounted to $169,147,
against $104,!»39, after deducting which net for August. 1901, was
$1,900,130, agains' $1,361,396. From July 1 to August 31, 1901,
taxes and rentals amountetto 4340,317, against $428,212, after deducting whloh net was *;i,72 3,210, against $2,520,594.
t These figures Include Baltimore & Ohio Southwestern.
§ After allowing for expenditures for betterments, net In August
1901, was $64,212, against $158,410 In 1900. From July 1 to August
31, 1901, net. after allowing for betterments, was $150,178, against
$283,848 in 1900.
* These figures inolude, besides the old Savannah Florida & Western,
the Alabama Midland. Brunswick <fe Western. Charleston & Savanna*
and Silver Spri gs 0<- wa & Gulf, all of which have now been consolidated. For last year we have combined the earnings of these separate
roads for purposes of comparison
Miscellaneous Companies.
—Oross Earnings.
Current
Tear.
—
Previous
Tear.
Companies.
Blntrhaintou Gas. -Aug.
May 1 to Aug. 81....
Gas Co.
Buffalo
Oct
Sept.
1 to Sept. 30....
Consol. G a s Co N J A ug.
Jan. 1 to Aug. 3i
Denver Gas & Eleo.Apr.
Mar. 1 to Apr. 30....
Aug
Detroit City Gas.
Jan. 1 to Aug. 3t....
Gas & Electric Co. of
. .
.
.
. .
Bergen County. Aug.
June 1 to Aug. 31....
Gd. Rap. Gas-L. Co. Aug.
Jan. 1 to Aug. 3l....
Jackson Gas-L. Co. Aug.
Mar. 1 to Aug. 31 ...
Laclede Gas L't Co. Aug.
Jan. 1 to Aug. 3i
Lowell Eleo. Lt. Co. Aug.
July 1 to Aug. 31
Madison Gas & Eleo. Aug.
Apr. 1 to Aug. 31....
Mexican Telephone July
Mar. 1 to July 31
Pacific Coast Co. .a Aug.
July 1 to Aug. 31....
Paolfic
24.177
66,381
19,260
52,230
13,342
26,303
13,499
26,589
17,702
15,751
87,053
75,468
399,024
519.623
855,410 1,045,495
Net Earnings.—^
Current Previous
Year.
Tear.
$
9
2.533
9,753
31,189
303,909
17,656
48,262
12,957
40,662
28,746
32>,580
2,591
8,189
23,127
288,389
16,910
43,858
24,533
55,734
20.822
312,511
11,509
29,606
14,419
110,251
2,672
13,641
70,435
633,215
3,934
6,746
4,946
24,094
8,018
89,510
80,933
195,343
8.046
19,739
11.761
104,002
1.764
11,592
60,063
595,195
3,458
7,142
3,599
19,746
7,471
33,258
144,831
284,433
30
St. Joseph Gas L.Co.Aug
1 to Apr.
3,071,166
3,817,620
July 1 to Aug. 31 ..
Bt. PaulGas-Lt. Co.. Aug.
Jan. 1 to Aug. 31....
1512,990 {1,179,569
4,503
5,472
9,646
8,089
21,766
20,453
192,518
174,814
Western Gas Co.—
Mllw'ee Gas-L. Oo.Aug.
Jan. 1 to Aug. 31
35,858
333,125
36,497
337,809
After dednoting "reserve fund for repairs of steamers" there
a surplus of $167,821, against $830,189 in 1900.
1
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., rentals, etc.
—
^Bal. of Net Barn's.—
Current
Previous
Current
Tear.
Tear.
Tear.
Boads.
9
9
12.928
12,425
Ont. New England. Aug.
25,857
24,856
July 1 to Aug. 31....
800.000
797.260
Ohio. Bnrl.ft Quinoj Aug.
July 1 to Aug. 3i.... 1,600,000 1,594,520
132,822
131,410
Ohio. & E. Illinois.. Aug.
265,233
261,866
July lto Aug. 31....
319,000
316,997
Ohio. R. Isl.APac.Aug.
Apr. 1 to Aug. 31.... 1,595,000 1,584,985
52,465
43,560
Choc. Okla. & Gulf .Aug.
488,386
412,344
Nov. 1 to Aug. 31 ...
235,367
241,247
016V. Cin.Ch.A St. L.Aug.
469,302
480,748
July lto Aug. 31.....
33.750
33,688
Peoria & Eastern. Aug.
67,500
67,376
July 1 to Aug. 31 ...
28,117
28,117
Olev.Lor'n & Wheel.July
206,465
205,145
Den. * R.Grande... Aug.
405,204
409,054
July lto Aug. 8l..-.
22,500
Detroit Southern... Aug.
71,433
73,754
Aug.
Hocking Valley
148,899
146,036
July 1 to Aug. 31 ...
24,151
21,107
Aug.
Ind. 111. & Iowa
47,890
42,361
July 1 to Aug. 3i...
10,980
10,689
Kanawha* Mich... Aug.
21,742
21,275
July 1 to Aug. 31 ...
289,301
303,719
Mo. Kan. & Texas.. Aug.
607,428
578,590
July lto Aug. 31...
152,510
160,326
BTashv.Chat.&Bt. L.Aug.
823,652
305,020
July 1 to Aug. 31 ...
Norfolk AWest'n.. Aug.
187,650
192,162
July lto Aug. 31....
375,300
384,323
Pere Marquette
122,660
109.997
Aug.
Jan. 1 to Aug. 81....
974,301
876,016
IMtts.C. C. &8t L..Aug.
297.085
287,318
Jan. 1 to Aug. 31.... 2,463,030 2,351,235
;
9
5,501
7,138
1,341.720
2,260,772
•109.865
232,247
1,014,749
2,532,412
160,399
1,115,199
Previous
Tear.
9
1,439
1,531
1,085,258
1,606,451
•54,053
•133,426
823,478
1,830,289
93,631
485,301
147,354
264,102
10,718
18,443
283.957
527,005
18.779
33,265
72,705 def.5,617
1229,446
1198,601
1495,009
1364,254
12,810
*121,010
*84,213
*225,661
'166,791
28,043
10,038
59.141
23,725
16,559
6,231
19,151
10,490
59.697
83.847
23,457 df.26.279
50,080
66,064
74,732
119,i*67
430,147
880,114
783,271
671,497
127.279
109,062
438,374
297,695
347,861
274,283
1,241,167
694,210
Int.,rentals, ete.
.
r-Bal.of NetEam's.^
Ourrent
Previous
Tear.
Tear.
$
$
.
Current
Previous
Tear.
Tear.
$
$
Roads.
Beadingcompanies
Aug.
862.000
July 1 to Aug. 31.... 1,724,000
RloG'-andeJunot'n.July
7,708
Deo. 1 to July 31
61,666
Rio Grande South. .Aug.
18,034
July 1 to Aug. 81....
38,717
Rio Grande West... May
51.030
July 1 to May 31
789,654
•Jt. Joe. <& Gr. Isl'd..Aug.
8,750
July 1 to Aug. 31....
17,500
St. L. <fe San Fran.. .Aug.
417,444
July 1 to Aug. 31
817,765
San Fran.&No.Pac.Aug.
22.771
July 1 to Aug. 31
45,542
8ou1h Mo. k Ark.. .Sept
3,117
Jan. 1 to Sept 30 ...
26,450
Southern PaoiHc.Aug. 2,230,417
July 1 to Aug. 31
4,266,089
Toledo A Ohio Cen.. Aug.
41,515
July 1 to Aug. 8i ...
79,714
Tol Peo. & West ..Sept
23.050
July 1 to Sept. 30 . .
69,152
*". Va. Cen.A Pitts.f Aug.
25,fi91
July 1 to Aug. 31
50,960
Wisconsin Central.. Aug.
139,503
July 1 to Aug. 31....
281,986
All
790,900
473,698
1,581,959
7,708
61.666
18,759
4*7,''95
3(;,5!)2
74,861
764.6L0
8.750
17.5C0
374,576
746,018
22,863
45,726
113,045
727.375
37,148
43,92(J
456.749
393.301
7.510
38,329
6,009
def.79
11.4.15
2,179
45,255
828,468
35,280
61,763
•282.209
'401,214
22,438
49.626
7,827
80.8-19
•315.110
*o50,103
19,419
45.044
5,844
38.972
•611,359
1.111.174
•32.103
34,776
•68,968
66.871
22,752
9,219
68,271
20. 47
25,523
68.7 1<
51,501
181,064
•74.880
133,805
•137,198
271,169
1
24,395
•51.708
10,123
21.068
71,889
145,540
•49,261
•76,096
After allowing for other Inoome received.
Includes operations of railroads and coal and real estate departments.
Discount and Ext These figures are after making deductions for
change. After deducting $10,000 for Renewal Fund and Bond
Conversion in August, 1901, and $15,000 in August, 1900 the surplus
for the month is $219,446. against $183,601 a year ago. From July 1
to August 31, 1901, the deductions for this purpose weie $20,000,
against *30,00<i a year ago, leaving a surplus of $175,009 in 1901
against $334,254 in 1900.
*
t
Philadelphia Company.
/
—
September.
1901.
1900.
$
Net earnings fr*m opera't'n..
Other lnoomet
Total earn'gs & other ino
Deductions from Inoome *
i—Jan. 1 to Sept. 30.-%
1901.
1900
ft
sfe
Gross earnings
181,808
Operating expenses and taxes.177,872
138,128
177,146
904,176
486,215
3,936 df. 39,018
28,271
6,362
781,157
338,170
1,390,391 1,114,327
.
5,873 df.12,226
Interest on funded debt
$
2,235,757 1,829,650
1,331,581 1,048,493
10,298 df 10,747
4,425
1,479
Total Income
219,978
199,625
1,170,418
914.702
17,708
16,667
17,708
16,667
159,375
149,917
155,208
149,917
34,375
34,375
309,292
305,125
Net Income of company.... df. 28,502 df 46.601
861,121
609,577
Corporations!—
Net inoome
47,510
Proportion to others than
Philadelphia Co
248
30,868
698,227
507,758
316
7,803
7,252
net Inoome. 47,262
30,552
690,424
500,506
Dividends on preferred stock
Mall-
May
Is
LVol. LXXIII.
.
Affiliated
Phil. Co.'s Int. In
•These deductions lnolude the following items Rentals of leased gas
interest on ourrent liabilities, Interest on consumers' cash
advances, etc.
t The net earnings of the affiliated corporations only appear in the
Inoome of the Philadelphia Co. as they are deolared in dividends.
1 Inoludes Consolidated Gas Co. of Pittsburg, Allegheny 111. Co.,
Braddook Gas & Light Co., Allegheny County Light Co., Ohartlers
Valley Gas Co., Union Gas Co. of MoKeesport, Equitable Gas Co..
United Traction of Pittsburg.
:
lines,
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from whioh we are able to obtain weekly or monthly returns. The arrangement of the
cable is the same as that for the steam roads that is, the
irst two columns of figures give the gross earnings for he
latest week or month, and the last two columns the earnings
(or the oalendar year from January 1 to and including suoh
latest week or month.
STREET RAILWAYS AND TRACTION COMPANIES.
—
Latest Oross Earnings.
Jan. 1
to
Latest Date
Gross
Earnings.
WeekorMo Our'nt Prev'us
American R'ys. Co.}. September
Bingham ton RR
August
B fklyn Rap.Tr. Co. August
Falls
East.
August
&
Chagrin
Jnioago & Mil. Eleo.. August
3in. Newp. & Cov.... July
"Uty Eleo. (Rome.Ga.) September
Cl.&Cbag'nF'eEleo. August ...
September
Jleveland Eleotrio
Oleve. Ely & West... September
August
Jleve. f alnsv. <St E.
Oonsol. Trao. (Pitts.) September
Dart& W'port St.Ry. August
September
Denver City Tram..
Det. Roch. Ro.A L.O. August
.
.
.
.
2d
2d
2d
TotaL
Duluth-Sup. Tract
Duluth
St.
Ry....
>
S
wk Oct.
wk Oot.
wk Oot.
August....
Tear.
Tear.
$
$
82,171 7 8,014
21,490 19.540
1,139,611 1.061.804
1,223
24,042
76,620
3,508
602
20,702
72.704
3,510
4,621
231,552
27,430
20,770
264,969
17,556
133,664
13,449
58.52*
5,761
64,290
41,469
Ourrent
Tear.
9
610,120
134.6H0
Previous
Tear.
9
599.309
121.935
8.306,612 8,055,148
8,307
11* ,963
92,267
461.259
31.346
28,344
442,642
30,195
176,108 1,705,634 1,506,701
185.V-92
13 ,019
18,863
16838 105,361
91,689
247,810 2,252,549 2,110,415
82,2ur>
70,625
13,887
116.569 1,114.556 963,587
71.217
38.143
8,368
52,313 2,244.396 1,988,600
5,770
58,083
41,965
295,790
October
THE CHRONICLE.
19, 1901.]
Latest Cross
Okoss
Earnings.
Earni ngs.
Our'nt
Year.
Week or Mo
Prev'us
Year.
,
$
Elgin Aurora & Sou
ttalveston Ctty
—
I
29,486
34,172
13,766
42,026
September
|
Jan.
1 to
Year.
8
275,50-1
$
231,125
1
Eleotrli
United Traotlon—
August ... 34.865
September 600.496
August ... 63,763
September 16,604
September 34.156
28,108
September 83,977
125,491
August
153.481
August
-eptember 308,393
33,106
August
.\u trust
267,961
240,150
4,301,895 3,087,765
57,64,
438,485 402,690
16,995
153,010
30.790 252,892 2'f8,846
27,481
25.691
280,316 2*12,354
108,730 839,671,
138,927 1.0i7,892i 949,676
271.652 2,340.165 2,102.029
28,710 184,037 168,832
29,601
\
t4
0,041)
)
September 122,200 117,742 1,004,905 1,004,395
\
182,773 162,155 1,347,039 1,246,996
United Traot. (Pitts.- August
United Traot. (Prov. AUKUSt
284,800 243,432 1,783,179 L.565.160
6,200
46,167
80,559
Wll.&NewCastleEleo AUgUBt
8,603
Albany City
f
These are results for properties owned,
t
Strike in August. 1900.
is
done to-day.
-Qrott Earning*
Current
Year.
Roadt.
Blnghamt'nSt Ry.bAug.
9
21,490
179,700
Oct 1 to Aug. 3i....
Brooklyn Rap. Tr.a.Aug. 1,139,611
July 1 to Aug. 31... 2,343,872
Chagrin Falls &E... Aug.
1,223
Jan. 1 to Aug. 81....
Mllw. Eleo. Aug.
Ohio.
July 1 to Aug. 31....
Oln. Newp. A Cov.bJuly
Jan. I to July 31....
A
01tyElec(Rome,Ga)Sept
Jan. 1 to Sept 30...
8.307
24,042
47,501
76.620
461,259
3,508
31,346
<
Year.
Aug. 31
Newburg Eleotrio.. Aug.
July 1 to Aug. 31 ...
New Castle Traot. Aug.
July lto Aug. 3i....
1 to
.
New London St.
Rv.Sept
July 1 to Sept 30 ...
Northern OhioTrao.Aug.
July lto Aug. 31....
6,775
23.466
13,615
27,003
14,489
31.972
7,500
30,758
67,693
134.591
Previout
Year.
9
10,604
82,030
379,528
824,794
19,540
163,179
1,061.804
2,206,993
602
660
4,231
16,563
32,333
143,161
1266,708
20.702
39,080
72,701
442,642
3,510
30,195
176,108
1,506,701
18,063
131,049
16,838
91,689
247,810
1,475,666
133,664
116,569
Jan. 1 to Sept 30.... 1,114,556
963,587
Detroit United.... Sept
282.330
240,949
Jan. 1 to Sept 30.... 2,123,841 1,884,736
Rapid Railway.. .Sept
35,637
Total
Sept
818,017
Jan. lto Sept. 8u....* 2,251,788
Doluth-Sup. Trao. .July
45,983
Jan. 1 to July 31....
254,321
Elgin Aurora & So. Sept
34,172
29,486
Jan. 1 to Sept 30. ..
275,504
234,125
Galveston City Ry.. Aug.
13,776
Harrisb'g Traot'n..Aug.
42,026
35,977
July 1 to Aug. 31....
83.195
71,915
Intern'l Tr.(Bnfi.)..Aug.
660,402
273,156
July 1 to Aug. 31
1,168,008
514,713
Lehigh Traotlon. a. Sept.
11,688
9,300
Jan. 1 to Sept 30...
97,051
85,709
Lond'nSt.Ry.((an.)Aug.
16,260
12,964
Jan. lto Aug. 81....
91,676
73,594
Lorain & Cleve. Ry.Aug.
12,842
12,493
May
t
9
Denv.CltyTr'mw.bSept
Madison (Wis.) Eleotrio
Railway
Aug.
Ne Barnmgs.—Current
Previous
Year.
AChag.
F. Eleo.. Aug.
4,621
28.844
Jan. 1 to Aug. 81....
Cleveland Eleo. a... Sept
231,552
Jan. 1 to Sept 30.
1,705,634
Olev. Ely ria& West. Sept
f\430
186.-92
Jan. 1 to Sept 30....
Clev. Painesv. & E.Aug.
^0,7
Jan. 1 to Aug. 31....
10,16
Cons.Tr.<Pittsb l.b.Sept
264,i6t
Apr. 1 to Sept 3o
l,570,3i.O
CI.
Roads.
9
15,720
18.132
182,329
84,865
235,859
63,763
127,958
29.601
211,389
57,647
116,843
34,156
252,892
28,108
57,947
125,191
245,504
808.393
2,340,165
30,790
218,846
27,481
56,823
103.730
213,745
271.652
2,102,029
382,976
182,773
378,954
366,649
162,155
334,989
Sacramento Eleotrle Oku
Aug.
A Railway Co
Feb. 1 to Aug. 31....
Her a ii ton Railway. -Aug.
July 1 to Aug. 31 ...
So. Llxut & Traot. ..Aug.
Apr. 1 to Aug. 31....
—
Toledo Rways A Lt Aug.
July 1 to Aug. 31
Twin City Rap. Tr.. Sept.
Jan. lto Sept. 30
United Trao. (Alliany)b —
July 1 to Sept 30
United Trao.(Pltts.) Aug.
July 1 to Aug. 31.
.
4,H8
4,940
17,046
21.984
197,579
Olean Street Ry....s. pi
July 1 to Sept 30....
Rlohmond Traction. Aug.
00t 1 to Aug. 31....
South. Ohio Tract .Sept.
Jan. 1 to Sept 30
Staten Island Eleo. Aug.
July 1 to Aug. 31
>
Prerioui
Yeur.
9
i
Net Burnings.
Previous
Current
Tear.
Year.
9
9
2.745
10,159
6.757
73,705
Winnebago Traot.. June
Apr. 1 to June 30
1,831
8,985
7.837
84,901
15.110
117,606
27.712
65,50 8
10.019
56,917
17,656
106,121
10,073
25,220
52,197
103,442
10,167
125.639
30 oil!
62,31*
15,617
75.-83
18,819
114. Mi
»
I
14,726
28, 7 Hi!
71.134
138 533
185,262
1,271,319
1,121,023
141,007
76,425
172,909
4,589
8,915
128,373
74,921
145.958
2,993
8,682
16\093
iftet earnings here given are after deducting taxes.
b Net earnings here given are before deduotlng taxes.
* The earnings of the Rapid Railway are inoluded iu these Azures
from July 1 only.
Taxes and tolls In July, 1901, were $12,562, against $30,629,
and from January 1 to July 31, 1901, $37,323, against $104,681.
After deduotlng these items the net In July, 1901, was +30,599,
against $10,940, and from January 1 to July 31, 1901, $179,385,
against $157,033.
1
and Surplus.— The following Street
Interest Charges
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &c, with the
Street Railway Net Earnings.— In the following we show
both the gross and the net earnings to latest dates of all Street
railways from which we have been able to procure monthly
returns. As in the case of the steam roads, the returns of the
different roads are published by us each week as soon as received, and once a month (on the third or the fourth Saturday of the month) we bring together all the reads reporting,
as
Year.
Year.
i
Louis Transit
Boranton Railway..
Sioux City Tract
Southern Ohio Traot
Staten Island Eleo
Taooma Ry. & Power
Toledo Rys. A Light.
Toronto Ry.
Twin City Ran. Tran
Union (N. Bedford)
Current
Current Previous
ii
St.
—Qroti Barntngs.
Latest Dale
4UKU>t
35,977 257,272 231,782
HarrlsbargTraotlon August....
lnternat'1 TraotlonAugust ... 660,402 273,156 2,783,90? 1,736,027
(Buffalo)
97.051
H5.709
9,300
September 11.688
Lehigh Tr action
16260 1 J. 96-1
91,676
73,594
London 8t. Ky.(Can.) An list
12,842 12,493
AjQgUSt...
Lorain A Cleveland
6.775
6.132
46.595
Mad. (Wis.) Eleot.Ry August....
1705.309 661,107 3,929,712 3,765,983
AUgUBt
Mass. Eleo. Co.'s
August ... 179.587 173,584 1,2^3,039 1,18 ,9-^i
Montreal Street Ry
52.814
6,126
6,566
50.967
Muscatine St. Ry... s.'iiteiubor
13,615 12.780
68,786.
66.579
NewburgSt. Ry
kugnat
14.489 16.31)7
87,991!
95.737
New Castle Traotlon August
5ti,245
50,203
New London St. Ry si'incmber 7.50J 6.972
67 693 57,954 890,696 325,177
Northern Ohio Tract August
8.59'.i
2.257
2,140
8,977
Ogdensbu.-g 8t. Ry. June
3s 871
4,940
40,799
4,188
September
Olean St. Ry
138.12-1
2,235,757 1,829,650
Philadelphia Oonip'\ Se plumber 181,808,
19,122 17,005
79,655
95,426;
Pottev'e Union Trao July
Railways Co.Gen.—
166,505
20,665
20.753;
September
Roads
1.198
14,270
1,128
September
Light Co's
Rlohmond Traotlon. August.... 21,984 18,132 148,757 136,182
Sacramento
Oaadc Ry
837
1
9.685
73,298
399,606
874,147
221
14,644
27,876
J41.569
{261,714
393
548
4,145
6,164
1,868
7,943
104,109
762.654
15,084
85,206
11,154
51,768
138,928
818,086
63,462
505,946
129,042
981,666
14,111
143,153
'1,047,457
23,866
112,601
16,734
122,599
4,189
17.410
34,110
408,509
674,780
7,467
52,131
6,913
33,611
8,432
surplus or deficit above or below those charges.
,
—
Int., rentalj, etc.
Current
—
.
<-Bal. of Net Barn's.-*
Current
$
20,350
179,638
63,873
380,851
32,579
285,742
105,919
204,657
Previous
Year.
9
21.221
190,385
63,477
371,538
32,016
279,500
81.416
161,195
—
9,345
65,414
75.378
660,774
8.926
62,583
68.402
627,152
9.812
60,225
109,884
610.545
6,184
55,023
96.691
493,871
July 1 to Sept 30....
Oni ted Trao. (Pitts.) Aug.
July 1 to Aug. 31....
59.702
41,792
83,584
60,127
41,794
83,588
•85,546
34,633
89,325
•69,211
33,127
62,370
Year.
Roads.
Cleveland Electric Sept
Jan. lto Sept 3o....
Cons. Trao. (Pittsb.)Sept
Apr. lto Sept 30 ...
Oenv'r City Tramw.Sept
Jan. 1 to Sept 30....
Internat'lTr. (Bnfl.)Aug.
July 1 to Aug. 31....
Sacramento Electric Gas
A Railway Co
Aug.
Feb. lto Aug. 31
Twin City Rap. Tr...Sept
Jan. lto Sept 30....
United Trao. (Albany)—
Previous
Year.
9
61.878
Year.
9
83.759
583,016
493,863
107,478
1584.455
23.744
143.058
U03.779
1
1609.462
30,983
220,204
•329,014
'617,877
89.102
•136,478
After allowing for other income received.
These figures include other income. After deduotlng $86,143 for
interest on funded debt and dividends on preferred atook In Sept.,
1901, and $86,496 In 1900, there Is a surplus of $17,636 this year,
against $20,982 last year. From April 1 to Sept. 30. 1901. the deduction for Interest and dividends was $518,357, against $) 19,14 1 In
1900, leaving a surplus of $9 1,105 this year, against $65,311 last year
*
t
83,095
684,248
10.661
51,100
ANNUAL REPORTS.
11,16/
46,881
142,871
786,221
55,760
422,558
104,219
833,447
Annual Reports.—The following
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.—
Street Railways—
Page.
Page.
American Bicycle
rincuso* Alton
Chicago Burlington
Great,
7r2
7::0
& Quinoy
.
Northern
4 St. Louis
& Uud. River.. 711),
Reading Company
Rutland
Santa Fe PrescoU & Phoenix
Western Union
Nash. Chat.
11,866
84,274
15,669
31.581
158,524
276.234
5,578
43,773
5,104
18,580
8,309
6,132 def. 1.856 def. 4.394
24,519
2,001
7,606
12.780
7,916
7,848
25,769
15,587
16,236
16.397
6,230
8,542
17.715
83,643
15,228
2.838
6,972
3,350
14,139
28,178
17,044
57,954
24,064
33,669
112,422
45,651
67,083
N. Y. Cent.
787
780
338, 781
779, 790
780
7bl
.780,
781
782
is
Brooklyn Rapid Transit
Chicaso Union Traction
781
182
International Traction ot BuQ.ilo. 836
Metropolitan Street ( N ew York).. 813
614
New York & Quoens County
Third Avenue UK. (New York;.... *52
613
Toledo Railways A Lieut
Union Traction of Puiiadelphla... 814
394
Union Traction of Pittsbur*
United Traction of Albany, etc... 610
Reading Company.
( Report for year ending June SO, 1901, J
The remarks of President George F. Baer and various tables showing the company's earnings, balance sheets, etc.
found on pages 840 to 850, while in the editorial colgiven an article reviewing the results for the year
covered by tbe report.
Below are the comparative statistics for three years:
PHILADELPHIA
BEADING RAILWAY— EQUIPMENT AND OPERATIONS
will be
umns
is
<fc
Miles of road op. June 30.
Equipment —
Looouiotives
Pass, equipment, oars
Freight equipment, oars..
Company's servloe oars...
Floating equipment
1900-01.
1,000
878
803
33,900
951
119
1899-00.
1,000
827
775
1898-99.
915
774
724
81,824
29,071
940
113
684
98
THE CHRONICLE.
838
189v
19C0 01.
1899 00.
Oj>cr. (rxcl. co.'s mat'l)—
Passengers our lied
22.697,29.5
21,910,349
19.6^9,787
275.41H,sl5 247,221.152
iH4.2H6.51V!
Pans, carried one mile
1*11 Ott.
1-638 Ota.
i-toa cts.
Rate per push, per mile....
9,533.' 93
Coal (iiiitliruoUe) oar. tone
10,523,^91
10,672,556
" (l)ltll'. lDOUH) "
"
4,201.022
4. 5-9,719
5,018,491
" carried ore mile, tons. 1,703,914,695 1,643, >-36, 143 1,468,237,195
0-687 cts.
0692 cts.
Rate per tou per mile
0727 ot8.
Merchandise carried, tons.
14.535,083
11,385,928
14.192.019
822,015,211
Mercli. carried 1 mile, tons 1,026.056,531 1,004.500,621
0'982 cts.
Rate per ton per mile
951 cts.
971 cts.
Earnings from —
Coal
Merchandise
Passengers
Miscellaneous,
Malls...
Steam
ooll're
& sea
barges.
Coal barges...
Real estate
Total earnings
Operating expenses—
Maint. of way. eto
Maint. <>f equipment
$12,391,307
10,079,427
4.561, i93
469,127
116,167
1,149,084
129,215
338,324
$11,371,203
9,7.^ 0,602
4,437,850
436,084
113.995
l,l»8,«f0
157,005
318,362
$10,085,701
7,824,888
4,012,729
420.365
112,510
$29,234,044
$27,783,751
$23,756,461
$2,602,166
3,475,569
8,6 6,621
1,018,564
650,507
233.935
1,938,989
708,021
109.241
72,611
$2,017,174
3,690,371
7,853,253
973,267
593.288
222.279
1,903,797
699,315
119,233
62,216
$1,485,979
2,890,568
6,955,543
949,807
665,870
95,026
887.371
617,940
78,568
57,365
Conducting transport'n....
Genernl
Equipment renewals
Insurance fund
1
Improvem'ts& renewals...
Steam coll'rs & i-ea barges.
Coal barges
Roal estate
Total expenses
Net earnings
$19,456,224
$9,777,820
PHILADELPHIA
Earnings—
889,5'23
100,474
810,272
$14,634,038
$9,122,423
$18,134,193
$9,649,558
READING COAL & IRON CO.
<fe
1900-01
1899 00.
$27,697,104 $26,790,751
Anthraolte coal
Bituminous coal
625,638
807,358
413,396
468,254
Coal rtnts and mlscelllaneous
Total earnings
1898-99.
$22,772,847
446,255
424,734
$27,884,643
$23,643,838
$12,431,978 $11,150,377
1,729,758
1,852,208
Coal purchased, anthracite
'•
bituminous...
816,727
669,615
collieries
482,057
Royalty leased
573,918
Transport, of coal by rail
6,558,759
7,493,438
Transpcrt. of coal by water..
1,207,248
1,549,862
Commissions, ooal sold from
2,660,755
1,992,659
stock, and u leoellaneous
806.308
750,499
Colliery improvements
Depletion coal land fund
413,053
750,154
$9,521,911
1,909,897
455,752
567,225
6,802,175
1,144,472
Expenses—
Mining coal and repairs
..$28,917,858
. . .
377,926
Co. loan account
CO., PHIL.
& READ. RT.
CO.
AND
PHIL.
A READ. COAL
CO.— CONSOLIDATED INCOME ACCOUNT.
190001.
1899-00.
Profit Coal
&
924,709
4,881,444
.$15,583,971
$14,303,115
$13,382,701
Reading Co. income
Expenses—
Reading Co
"
'•
fixed charges and
taxes
Ph & R'd. Ry.
Phil.
&
int.
&
R. c.
I.
IRON
1898-99.
$9,122,423
901,735
3,358,543
& Iron Co
Total
<fe
$9,649,558
317,063
4,336,494
R'd. Ry... $9,777,818
on bonds...
$61,507
$36,3
$21,579
3,278,865
9,211,197
2,964,638
8,904,249
2,819,537
8,897,679
369,815
459,848
478,697
$12,920,884
$2,663,087
$12,365,115
$1,938,000
$12,217,492
$1,165,209
Co. interest
and taxes
Total
Surplus*
* Dividends have been paid as follows:
Maroh, 1900, lisp.o. on 1st
preferred stock, l'ap.c. Sept., 1900; 2 p. o. March, 1901, and 2 p. o.
Sept.. 1901.
READING COMPANY BALANCE SHEET JUNE
If 01.
Assets
Railroad equipment
$18,601,078
2,107,650
Floating equipment
Real estate
16,516,199
20,000,0c
owned....
Phlla. & R. Ry. bds.
Bondsof sundry companies... 18,208,893
P. & R. Ry. Co. stock owned... 20,000,000
8,000,000
P. & R. C. & I. stock owned
Stocks of sundry companies... 51,060,042
78,798,654
Phlla. & Read. O. & I. Co
l,f 59,708
Sundry raiiroads
Cash
701,587
Accrued income
232,612
Miscellaneous
352,350
747,612
Equipment accounts
1900.
1899
$18,183,212 $18,110,041
1,901,650
1,450,000
16,427,074
16,442,309
20,000,000
20,000,000
16,136,881
15,389,216
20 000,000
20,000 000
8,000,000
8,000,000
27,058.275
26,511,267
78,653,349
77,280,349
1,187,557
1,434,540
1,664,307
2,225,529
633,221
111,412
362,682
363,550
481,620
570,452
Liabilities—
Supj
$140,000,000 $140,000,000 $140,000,000
92,914,191
67,351,191
64,943,651
599,823
Contingent account
1,146.270
1,163,445
Equip, notes and oar trusts.
39,798
508,415
taxes..
485,175
376,400
Accrued interest and
486,952
824,000
Bonds canceled
433 000
95,244
Miscellaneous
115,233
135,482
1,467,901
Profit and loss, surplus
1,227,936
650,720
Stock (See Invest.
Bonds
)
Total liabilities
$236,386,335 $210,689,828 $207,888,665
PHILADELPHIA A READING RAILWAY BALANCE SHEET JUNE
Assets—
Railroad
Philadelphia Terminal
Philadelphia Subway
Equipment acoounts
New
shops, Reading
Cash
Freight and toll bills
Materials on hand
Railroad companies
Individuals and firms
Insurance fund securities
Miscellaneous
Total assets
Total liabilities
PHIL.
,fc
1901.
$79,851,858
8,500,000
2,700,000
414,494
631,703
1,363,896
1.522,451
2,116,999
1,199,088
511,675
296,754
376,690
$99,485,610
$99,485,610
30.
If 00.
1899.
$79,851,858
2,700,000
971,093
$79,851,858
8,600,000
2,700,000
301,302
1,071,340
1,376,632
2,184,018
1,098,178
1,282,730
1,381,661
839.964
465,592
885,066
603,468
133,353
20,462
$98,093,850
$96,809,725
8,500,00
995,583
376,388
1,716.955
35*i;238
4e8",65*i
745,309
$98,093,850
$96,809,725
READING COAL* IRON CO. GENERAL BALANCE SHEET JUNE
Assets—
Coal lands
1901.
Timber lands
New York <fe Eastern depots...
Western yards and depots
Miners' and other houses
.
Potts\
2,22^,791
347,227
;
llle
$60,748,473
659,965
70", 502
638,971
548,168
369,667
399,111
117,788
7.078,690
2,302 4i>
3,711,477
shops, real est., etc.
Storage yards and washerles..
' Other real
estate"
Improvements at collieries
Equipments at collieries
Deadwork at collieries.
Stocks and bonds of companies
controlled
30.
It 00.
1899.
$61,018,173
659.985
709.0J2
641,983
548,188
3^9,667
409,072
3 21.547
7.078,690
2.302.468
3,7.1,477
$61,757,951
659.965
709,273
614,311
648,568
366,650
408,026
115,660
7,0"8 690
2,302,468
3,711,477
9,872,825
193,832
2,332.715
31.275
9,791,991
Coal accounts
Rent acoounts
3,132,859
Companies and individuals
4 29,399
1,056,992
544,961
9.814,745
991,5-7
2,284,827
28.078
365,953
2,018,818
562,384
287,048
778,001
58.688
549,660
187,651
591,621
185,114
144,965
$94,690,966 $94,430,1 81
$94,061,599
Cash on hand
864. £90
2 >,904
Coal on hand.
Supplies and matPs on hand..
Philadelphia & Reading Ry.
Co. current account
Depletion of coal land fund. .
Bills receiv., stooks,
404,196
2,133,399
457,704
bonds and
morts. owned, eto
Total assets
Liabilities—
Bonds (See Invest. Supp.)
Capital stock
$5,519,000
8,000,000
$5,6-2,147
738,829
835,648
78,653,349
638.088
501.324
684.919
280,254
$94,090,966
$94,430,081
Miscellaneous
Surplus
Total liabilities
- V. 73, p. 780, 1 54.
$7,046,147
8,000.000
77,280,349
594,570
8,0<>o,000
Reading Company
78,798,654
Pay-rolls and vouchers
798,835
Interestdue Reading Company
(Report for the
The remarks
717,495
423,038
$94,061,599
fiscal
year ending June 30, 1901. J
H. F. Whitcomb are giren in
on pages 850 and 851.
Below are comparative statements for four years:
of President
full
Miles operated
1900-01.
1899-00.
1898-99.
982
950
939
Operations—
1897-98.
935
Total tons carried
3,428.562 3,989,032 3,636,809 3.541,953
Tons carried 1 mile
522867887 571086238 513385516 483700102
Aver, rate per ton p. m.. 0*742 cts.
742 cts
Aver, tons per train m.. 259 98
2t 8
257
244
No. of pass, carried
980,890 1,022,109
965,720
933,322
No. pass, carried l mile.. 54, 134, 195 55.531.569
Aver. dist. oar'd, miles...
54-33
5519
5272
53 :
Aver, earnings per pass.
2-08
per mile
Cents.
2-03
1-97
203
Aver, earnings per pass.
per train mile
84-29
Cents.
80-52
75-74
71-56
20"
Earnings—
$
Freight
3,879,047
Paseengers
1,180,763
Mall, express and misc..
264,465
$
4,174,776
1,182,493
280,147
3,757,198
1,088.681
272,139
3,64»,887
1,031,942
257,896
5,637,416
5,118,019
4,939,725
Maint. of way & struct...
630,100
766,685
583,056
Maint. equipment
478,313
492,260
411.147
Conduct'g transporta'n. 2,112,734 2,102,167 1,687,667
General expenses
245,316
219,824
375,620
596,453
388,477
Total
5,324,275
Expenses—
30.
$236,386,335 $210,689,828 $207,888,665
Total assets
868,353
1.270,974
84*V 4l
285,009
977,532
1,568,175
&
Surplus
2.370.439
1,149,820
360,747
1,757,712
1,22:<,789
Phil.
Re;id Coal & Iron Co..
Ins. fund, eqalp. fund
mlso.
1899.
000 $20,000 000
70.383 952
70.-83,
H27.408
619,406
632,405
2.428.7HO
.
&
1900.
BS 0,0'
Wisconsin Central Railway.
$27,993,158 $27,567,580 $22,742,103
$924,709
$317,063
$901,735
Profit
Phlla.
Itonrt and inrgs. on real estate.
Unpaid vouch, and pay rolls..
KR co'h. Individ, and firms...
Interest and rents matured
Int., taxes and rents accrued.
Wll. & No. equipment
884,850
886,505
Total expenses
Net earns.
Mobilities —
1901.
Stock.
$20,00' .000
Bonds (see Invert. 8UPI-L)... 70,383,952
on Reading
l 1^ p. c. Interest
READING
1,962,742
[Vol. LXXIII.
Total
3,466,463
P. o. of expen. to earns..
(651>)
Balance, net earnings... 1,857,812
Other income....
24,702
3,580.936
Total net income
Taxes accrued
Balance
3,057,490
1,652,001
383,872
3,020,806
(63-52)
(59-74)
(61-15)
2,056,480
8,278
2,060,529
42 -,030
1,918,918
59,821
1.882,574
213,115
2,064,758
206.705
2,488,559
191,512
1,978,739
165,468
1,669,459
1,858,053
2,297,047
1,813,271
INCOME ACCOUNT.
Miscellaneous
1900-01.
$1,669,459
$1,086,669
332,829
3,842
$1.858.0£3
$1,026,954
338,184
Total
Surplus
$1,423,340
$246,119
$1,365,138
$492,915
Netinoome as above
Ded not interest on bonds
Deduct rentals accrued
CONDENSED BALANCE SHEET JUNE
Assets—
30.
1901.
Road
Equipment
1899-00.
190O.
$48,584,840 $46,007,480
4,024,0 78
3,947,252
Minnesota real estate and improvements....
570,960
524.705
Material in private traoks
137 970
68.519
Treasury e took
2,585^020
4,453,000
Stocks and bonds owned.
53,778
52,411
Geo. Coppell-Wm. Bull, trustees.
78,038
78,038
Sinking fund
400,142
44,581
Special improvement fund
792,316
Supplies, eto
539,002
560,047
Fuel
62,645
15,911
Agents and oonduotors
290,939
286,506
United States Post Office
30.429
29,986
Individuals and companies
214176
24,687
Cash•
6671968
1,185,848
Land department
igg 173
259,305
Locomotives.and miscellaneous
139*829
2,283
"
'.
Total
$59,861,306
$57,540,561
OOTOBEK
ID,
THE CHRONICLE.
1901.
LiaHUlietPreferred stock
Coii.iijou stock
Bonds (»eelN\ m.h^' 801TLEMENT)
Vouchers and payroll!
Interest on funded debt accrued
Equipment renewal account
Protitandloss
Hlukiug fund trustees
Accounts payable and miscellaneous
i
!»<<>.
:j;r.!,rsoo.OOO
17,30(1,01)0
17,500,0
27.634.500
428, 3H3
554,702
41,655
276,935
225,637
26,276
«>
30<>.ti3(
533,!"i43
21.778
367,157
81.55r>
40,936
12 2,937
i.ui-oaiotives
$59,361,300
Total
—V.
'901.
$12,80 '.000
$57,540,501
7J, p. 786, 720.
Brooklyn Rapid Transit Company.
(Report for Vie year ending June SO, 1901
Tno companv'a annual report, including the remarks
of President J. L Greatsinger, and numerous tables, will be
found on pages »54 to 856 of today's Chronicle. The comparative tables ot earnings and balance sheet were giVf n last
week on page 782. Application has been made to the New
York Stock Exchange to transfer the $45,000,000 capital stock
from the -'unlisted to the regular list.— V. 78, p 781, 738.
-
'
Chicago & Alton Railway.
(Report for the year ending June 30,
1901. J
President S. M. Felton says in substance
General Remarks. While the tonnage increased 29 61 per
cent and the ton mileage 3065 per cent, the freight train
mileage increased but 5'27 per cent. The tons of revenue
freight per train mile were 287*8 tons, an increase of 24 01
per cent over the previous year and 59 69 per cent over th«
In the face of a falling off
six months ending June 30, 1899.
of 8 94 per cent in the receipts per ton per mile the freight
train earnings increased 13*04 per cent. The total ions of all
freight were 310-40 per train mile. The percentage of foreign
car mileage was reduced from 46 '29 per cent to 39 44 per cent,
resulting in a saving in car mileage of $75,185.
The increased business was principally local, and the
growth of the traffic for the last two years has baen almost
entirely in this direction only 18 per cent of the entire tonnage was received from connections, the balance originating
on the line of the road. The decrease in revenue per ton
mile was caused by the large increase in low-class freight,
especially coal. The number of uassengers carried increased
6*46 per cent, and as compired with 1898 increased 18*47 per
The passenger business is largely local, 93 per cent
cent.
originating on the line.
Maintenance. The total expenditures for maintenance of
way and structures were $1,109,513, being an increase of
$227,938, or 25 86 per cent over the previous year the ex
pense per mile ot road was $1,2(6. 22,578 tons of new rail
and 19,318 tons of re-laying rail were placed in the track,
making a total of 355 miles of track relaid during the
year ; 525,495 cross ties were placed in the main track, equal
to 186 miles, or iO per cent of the total main track, etc., etc.
F.r maintenance of equipment the total expenditures were
$879,412, an increase ot 4337 per cent over 1899-00.
Improvements. A brief review of the improvements made
on the Chicago & Alton RR. since the change in ownership
in 1899 will prove of interest as outlining possible future results in the operation of the property.
Grades and alignment have been improved covering 47 miles of
track. The work, when completed, will materially increase the train
:
;
-:;«,
sdtt Diticit. —The> earnings anil expense! fur two years past,
the income account for tne int> veer, varuus statistics and
the balance sheet of June 31), 1901, follow:
STATEMENT Kill TBI riJUtl i-SLI -'. n
3o, 1900 a m» i90i.
n
Average miles operated
85.V1H
$
5.002,019
2,296,011
237,768
IH7.80
Use* tiits—
gbt
r*a>souger
Mall.
Kx press
ii i.
structures.
Malm o equipment
OniUiiotluif transportation
General expenses
—
Jin
ate.
it
64-40
*
1
7-61
.122
19 03
877.168
12 -07
85:2
7,796.450
9,036.655
1,240,205
1591
881,575
613,405
2,835,576
210,562
1.101,514
879.1 2
8.384,837
287,9 18
266.O07
549,0-1
1 ,513
35-86
43-37
72
way and
oi
t
VJ54.141
I
Gross
Htptsutt—
i
919
2,573,178
841,189
190.5UO
77.714
Miscellaneous
Mi
lDO'i 01.
00.
i
I
3.3">7
2 .TOO
4,862
2*2,105
1
11
144
667
19 38
5-48
Total operating expeuses. 4.541,1 9 5,595,668 1,054.549 23-22
5-70
185,656
Net reo'ts.taxes not deducted. 3,255,331 3,440,987
1
INCOME ACCOUNT YEAR ENDING JUNE 30, 1901.
Netreoelpts ironi operation
DOome from Investments
Dividends (7 p. o.) on Chic.
Miscellaneous income
$3,440,987
I
<fe
Alton KK. stock owned
x ..
Total inooine
1,525,622
5,759
$4,972,368
Deduct—
Rentals paid under lease of Chicago & Alton RE. Co., viz.:
Interest on $31. 985.0«0 3 per oent refunding
$959,550
gold bonds of that company
237,027
Rentals pay'l by the Chicago <& Alton KK Oo.
Taxes
318,867
Net earnings of the leased prooerty after deducting Irom gross reo^ipts the expenses of
oper. and the above-named items of rentals. 1,820,457
.
Total rentals underlease
$3,311,901
this oo's line not oov. by the lease..
11,560
Interest on first lien bonds of railway company,
770,000
$22,000,000, at 3^ percent
For taxes on
Total charges.
4.123,461
Surplus available for dividends
Less dividends paid on pref. stock, two of 2 per cent each..
$-48,908
78 1, 760
;
—
;
—
load; the maximum grade against the traffic will be 16 feet per mile*
from Biooinlngton to Chicago, as against a maximum formerly of 37
feet per mile; between Springfield and Bloomlngton 26 feet per mile,
as against a maximum ot 48 leet per mile between Slater and Bloom
ingtbn 42 feet per mile, against a maximum of 52 feet. Fifty f..nr
miles of side and yard tracks have been built and l '-j mil. a of ad
ditional (second) main track; 170 spans of bridge unsafe to carry
modern locoinotl\cs have been reconstructed, in which work 4,234
tuns ot steel were used 156 high semaphore switch signals have been
erected in place of various appliances interlocking plants have been
erected at 15 railroad crossings and junctions; 79 semaphore train
order and block signals have been erected; 67 electric bloi k signals,
covering 73 miles of single main track, have been installed. The shops
at Bloomington have been enlarged and Improved. New tools and
maohineiy have been provided, operated by elec noity.
There have been purchased 70 f> eight and 22 passenger locomotives
of modem design, the average weight of engines on June 30, 1899,
being 64,211 lbs., and on Jane 30. 1901, 9o,433 lbs.; also 1,500
30-ton box, 300 30-ton stock, 200 30-ton furniture, 1,000 40-ton
coal, l,3i
60-ton coal, 89 service and 51 passenger oars Under an
ordinance passed by the City of Chicago on May 22. 1899, the main
and yard tracks of the Jollet & Chicago KK Co., between the crossing
of the south branch of the Chicago River and Brlgh on Park, were required to be elevatt- d within three years. This elevation involves a
distance of 3-75 miles and a total expenditure of $1,244,000. At the
date of this report *86, >68 had been expended on the work.
;
;
;
Balanoe. surplus for the fiscal year
Balanoe brought over .June 30, 1900
67,148
3y5,923
Surplus June 30, 1S01
$163,071
,
x Viz.: $18,322,400 of the $18,858,271 common and $3, 1 72,200 of
the {3,479.500 prefeired stock, all of which has been deposited as security under the Railway mortgage of 1900. From the balanoe of net
earnings, $1.82«,4o7 received by the Railroad Company as part
rental (see above table) that oompany paid 7 per cent on its entire
stook, calling for $1,563,644, and miscellaneous items in process of
adjustment, $35,322, and carried the balance, $227,491, to credit of
its income account, the surplus shown by that aooount on June 30,
1901, being $1, 18I.88I. Most of the Railroad Company's stock being
owned by the Railway Company, this increase in surplus virtually
accrues to the benefit of the latter oompany.
GENERAL
STATISTICS.
1899-00.
58-22
Ratio of expenses'to receipts
61-95
Ratio of expenses and taxes to reoeipts .
Gross receipts per mile of road
^
$9,119
Operating exp and taxes per mile of road
5,651
Net receipts per mile of toad.
3. .67
Gross receipts per revenue rain mile
152
Oper. exp. & taxes per revenue train mile
94
Netreoelpts per revenue train mile
56
Tons of revenue freight carried
3,*76,177
Tons of revenue freight carried one mile
629,994,662
Freight receipts per mile of road
$5,439 11
Freight receipts per train mile
184
0"94 ots.
Freight reoeipts per ton per mile
Passengers carried (revenue pass, only)
2,210,489
Passengers oai ned one mile
120,360,469
50*11
Average number of pass, per trai a mile
Reoeipts per passenger mile
H 90 ots.
Receipts per mile of road
$2,496 64
Receipts per train-mile
96
Reoeipts per train-mile, ino. mall & expresi.
1 15
1900-01.
6192
65 58
$9,826
6.444
3,382
1 61
.
i
1
55
4,635,120
823.069,718
$6,474 43
2 08
0-723 cte.
2,353.228
132, 1:87.965
48-48
1*94 ots.
-
GENERAL UALANCE SHEET JUNE
AlseU—
Prop.
06
$2,798 02
94
1 11
30, 1901.
Liabilities
—
& invest, aco't.. $61, 133,823 Common
Betterments
—
Springneld-Peorla Line ...
Cash
Dividend aooount
stat. a«ts.
$19,542,800
stook
Preferred stock
19,5 44,000
22,000.000
3 4 per oent bords
Pay-rolls & accounts..
1,832,' 69
38 ",037
Cou.due July i, '01, etc.
A conduct.
Accounts collectible..
Advances to Chicago
& Alton RR Co.:
Betterments and
equip, acct (net)
Materials & supplies.
9,989
,144,106
402
Dividends unpaid
391,283
Proceeds sale of Chi
263.913
cago property
x3, 118,599
Deferred liability
surp.
463,071
Income aooount,
124,044
595,905
.
,228.654
292,738
The
total expenditures for the above work from April,
1699, to the date of this report were $8,225,739. To complete
the work of grade reductions, block signaling, interlocking,
track elevation, yard and side-track and terminal facilities
will involve about $3,000,000, one half of ttiis work beiog
authorized ai d under way at the date of this report. While
the work above outlined has been in progress the cost of
operation has necessarily been largely increased; when the
work is completed a material decrease in conducting transportation and maintenance can be expected.
Physical Condition.— The report gives the following data
Ball in the main track, 80-pound, 491 miles; 75-pound, 59; 70pound, 380 6o-pound, 77 total, 1,007 miles. The ballast consists of
449 8 miles of stoue. .0^-7 miles of gravel, 155-4 miles oi cinders. 61-3
:
;
;
miles of slag, total, 929-2, while 77 6 miles are not ballasted. Bridges
aggregate length : Stone. 2,300 feet; iron, 20,520 feet; combination.
154 feet; total, 22,974 feet. Trestles, 22,370 feet. Grades, see "Improvements" above. Equipment: Cars In passenger service. 191;
freight, 10,085; total capacity, 61 1,130.000 pounds (agalust 6,881 with
334.060,' oo pounds capaoity Deo. 81, 18^9); service, 260
loooinotlvee, 201.
;
Total
$67,534,661
$67,534,661
Total
x Net assets taken over from the Chicago
720, 235.
<fc
Alton RR. Co.— V. 73,
& Dayton Railway
Cincinnati Hamilton
(Report for the year ended June
•President
M. D. Woodford says
—Except duriDg the
:>0,
p.
Co.
1901.
in part:
two or three month?, the
been a period of great activity in commercial
much of the time the facilities of your roads have
been fully employed. The close adherence to tariff rates,
which prevailed in this territory during the year, is made
manifest by the increased rates received from both passengers
and freight.
The average train lo:d of revenue-earning
freight was 315*2 tons as against 304*6 tons in previous year.
The Terre Haute & Indianapolis RR. stock, wnich had been
in the treasury for a long time, has been sold, the premium
General.
fiscal year has
affairs, and
first
THE CHRONICLE.
840
received being credited direct to " surplus income," and not included in the statement of earnings.
Bonds.— By the operation of the sinking fund $130 000 first
consolidated mortgage bonds have been retired at a cott of
$145,742. The directors have sold the fl, 200,00 of Cincinnati
Dayton & Chicago RR. bonds, which had been in our treasury
since the consolidation of 1895, the rate of interest thereon
having first been reduced to 4 per cent. The proceeds were
used t hit fly for new equipment and completion of payment
Western Ry. securities, the balance
for Indiana Decatur
remaining in the treasury as available cash.
Equipment.— The additions to the equipment inolude:
The purchase of 400 new box oare and 400 new ooal oars of large
size and oarrylng capticlty; 100 Hat cars, 40 feet lon«f. were built in
the company's shops at Lima. The cost of these 900 cars, uroonriting
to $50H.91!>, was ohanred to "new equipment" 477 old cars of small
oapaolty have been destroyed, and 426 new oars, with a total capacity
greater thxn the oars destroyed, have been built at 'he company's
shops to tako 'heir place, and the cost charged to "maintenance," except that the air brakes were charged to "new equipment."
I
&
Since the close of the fiscal year the oompany has reoeived or contracted for new equipment as follows: 1 parlor car. 2 onstal cars, 5
freight locomotives, 2 swltohlng locomotives and 510 large box cars;
total cost over $400,000.
Maintenance.— Operating expenses inolude the cost of the
following:
T288.706 oross-tles In track. 1,511 gross tons new 70-lb. steel rails,
706,( 97 feet of timber In bridges, culverts, etc.; 8,548 car-loads of ballast, covering 67 miles of track; 4,361 car-loads of earth, filling trestles, etc., etc.
Statistics— Operations, earnings, expenses, etc., have been
as follows
OPERATIONS, EARNINGS" AND EXPENSES.
189900. 1898-99. 1897-98.
1C00-01.
652
652
652
652
Miles road operated
—
Operations
3,052,439 2,964,898 2,932,416 2,696,193
Passengers carried
84,979,272 83,026,528 79.639,827 70.930,107
Pass, carrl. d 1 mile
1-76 cts.
176 ots.
1 74 cts.
Av. rate per pass, per m. 1*80 ots.
5,721,155 5,888.242 5,140.505 4,647.0=>4
Tons freight moved
5i
1991444
622250342 641595066 562280442
Tons moved 1 mile
0-62 cts.
0-61 cts.
062 cts.
63 cts.
Av. rate per ton per mile
Earnings-
$
Freight
Passenger
Mall
Express
Miscellaneous
Total
$
$
$
3.909,843
1,552,603
144.101
126,337
105,032
3,905,266 8,473,061
1,483.282 1,405.288
131,3'
143,838
125,685
126,372
106,118
76,773
3,164,715
1,269.035
128.659
125,635
220,519
5,837,916
5,735,531
5,241,503
4,908,563
Expenses—
Malnt.of way & struc...
567,201
615,805
Malnt. of equipment
Conducting transport.. 2,509.324
152,616
General expenses
186,968
Taxes
541,621
477,975
441,293
512,5r8
639,586
492,940
2,501,437 2.341,644 2,171,952
145,110
138.588
142,880
185,461
182,109
172,284
Expenses and taxes. 4.031,914
Per ot. of exp.to earns.
(6906)
Net earnings
1,806,002
4,006,688 3,659,406
(6« 82)
(6986)
1,728,848 1,682,097
3,421.348
(69 70)
1,487,215
Deduct—
Interest on bonds
Dlv. pref. stock D. AM..
Div. com. stock D & M..
Dlv. com. Home Av. RR.
Dlv. pref. O. H. & D. Ry.
Total
SurpluB
65,747
96.900
84,066
2.924
389,211
£
846,970
96,900
84,067
3,220
387,138
1,418,295
367,154
310,553
1,438,848
GENERAL BALANCE SHEET JUNE
Assets
f 46,970
96 900
84,067
3,460
380,340
1,411,737
170,360
1,414,288
72,927
1900.
1899.
1898.
$
$
<£
95
Road and equipment
21,194,334 20,575,661 20,455,233 20,164.368
Leased and proprl'y lines 3,715,873 3,647,422 3,354,019 3,162,676
Stocks and bonds owned. 4,531,974 5,871,352 5,75), 253 5,743,638
Materials and supplies..
321,089
413,472
174,07ft
254,696
Current trafflo accounts.
620,721
485,334
283,406
210,012
Cash and cash assets
1,446,471
851,979 1,639,776 2,196,t8l
Total assets
31,830,462 31,845,220 31,738,383 31,651,449
Liabilities—
Stock (see Inv. Supp'T.). 16,000,000 16,000.000 16,000,0^0 16,000,000
Bonds (see INV. Supp't).12,295,0C0 12,425,000 12,425,000 12,425,000
Accts. and bills payable.
40 \300
514,100
683,735
7b8 637
Total liabilities
72, p. 1236.
—V.
787,449
335,293
1,783,378
721,157
373,256
1,535,235
6^8,698
426,4o5
1,36^,649
31,830,462 31,845,220 31,738,383 31,651,449
Indiana Illinois & Iowa Railroad.
( Report for the year ending June 30, 1901. J
—
New
steel rails laid, 1.R14 tonp, equal to 15-39 miles; cross ties re-
newed, 52,021, equal to 1764 miles; track ballasted with gravel, cinders and stone, 947 miles.
Passenger earnings per train mile, 44 cents; freight, $2-08% aeainst
$1*767 In 1899-00. Total gross earnings per mile of road, $5,340,
against $5,889 In 1F99-00.
Average number of tons of freight in
train, 305, against 296 In 1899 00.
Statistics.— Operations, earnings, charges, etc., have been
as follows
OPERATIONS, EARNINGS, EXPENSES AND CHARGES.
1900-01.
1899-00.
169H-H9.
1897-98.
Average miles oper..
266
208
189
189
Operations—
e
Tons hauled..
1.685,778
l,59 ,255
1,04^.530
791.197
Tons hauled 1 mile.. .184,318,145 172,856.''45 111,586,947 84,288,550
Av. rate per ton p. m. 0683 cts.
0-697 ote.
0730 cts. 0-876 ots.
Passengers carried...
Pass, oarried 1 mile..
Rate per pass. p. mile
214,634
141,396
9H,2< 9
6.420,685
1-624 cts.
3,503/; 28
2.182,698
2168
Cts.
2 354 ots.
91.861
2,302,278
1-942 eta.
1,032.241
75.962
and misoel.
1,258.352
104,377
56,387
117,946
814.P72
51.370
35,:. 62
738,672
44,716
36,996
Total earnings....
1,419,116
1,226,149
902,304
820,384
158,459
95,635
£52,577
53,164
170,494
77,466
454,697
55,407
86,691
62,811
550,681
61,912
143,175
56,372
310,755
46,190
859,835
758,064
562,095
556,493
(60-59)
(61-82)
(6^-30)
(67-83)
559,281
5,230
468,085
3*0,209
263,892
£64,611
468.085
341,774
263,892
176,767
49,071
38,879
112.575
46,870
75,300
43.961
4,030
39,645
266,606
143,750
42,668
12.(82
7,790
20O.OUO
464,717
99,794
406,290
61,795
Earnings—
Passenger
Mall, exp.
$
$
Freight
$
Expentes—
Main, of way & struo'e
Main, of equipment..
Conducting transp'n.
General expenses....
Total
Per ot. of ex. to earns.
Net earnings
Other income
Total
Charges—
Interest on bonds
Taxes
Rentals
Con.,imp.,equip.&mi8.
Dividends (4%)
Total
Surplus for year*
1,565
4,332
41,193
204,970
162,936
100,956
136,804
*From the accumulated surplus June 30, 1899, $955,714, deduct
surplus divided among stockholders, $>7^,648; leaving balance of
surplus June 30, 1899. $380,066; surplus June 30, 1901, $553,411.
GENERAL BALANCE SHEET JUNE
Assets—
190L
1900.
«
$
Road, equip., etc.. 8,967,541 8,698,589
Mat. and supplies.
121,t3»
91,709
18,1-04
CHsh
113,314
Due from act s., etc.
Corn's & lndivld'ls.
St. >cfes owned
230.1H7
66,258
2,500
31,600
Miscellaneous
30.
1901.
Vouchers and pay rolls..
615,007
Int. and dividends
349,541
Surplus Income
2,170,614
—
9<
84,067
3,250
383,101
LXXUI.
coal traffic. Industrial development is showing substantial
progreps at different points along the linn.
Bor.ds.
On Feb. 1, 1901, new 4 p+-r cut bonds were issued
to the amount of $4,500,000, from the proceeds of which the
$3,000,000 5 per cent bonds were redeemed and canceled
and all equipment and construction obligations to that date
discharged, leaving your company with no floating indebtedness.
Extension. The extension into Benton Harbor will be
completed in October and should materially increase the
local business frcm that territory.
Statistics.— Operating expenses inolude:
846.970
96
[Vol.
110,532
^0,857
2,f00
49,887
30.
1901.
Liabilities—
Capital siot*.
Bonds
Equipment
$
Total
10,493,119
0,000
4,510,000
5,000.000
3,000,000
i26,iS9
180.000
68.750
315,222
13,219
553,411
463,615
10.493.119
9,087.808
no-.es..
Bills payable
Curreut liabilities.
Int and taxes ac-
crued not <iue
50,221
...
Taxes not due
Income account.
-V.
1900.
5.0.
.
9,087,808
Total
73, p. 660, 662.
St. Lawrence & Adirondack Ry.
(Report for the year ending Jw-e 30, 1901. J
The results for the last fiscal year compare as follows
189899.
$168,573
:
1897-98
$148,528
84,381
1900-01.
1899-00.
Gross earnings
$223,330
Operating expenses.... 101,089
$224,742
98,20*
Net earnings
Other income
$122,241
$126,5-9
821
$&0,573
765
$64,147
Total income
Fixed charges
$123,289
81,535
$127,360
82,842
$91,338
01.162
$64,361
67,490
Balance, surplus... $41,754
$44,528
$10,176
$6,871
1,048
BALANCE SHEET OF JUNE
7»,000
214
30, 1901.
Liabilities—
Cost of road, etc
Cash on hand
Due by agents
$2,531,568
16,583
5,154
55,960
M. 300,000
1,200,000
Int. due and accrued...
26,000
President T. P. Shonts says in substance:
Audited vouchers and
Open accounts
General Remits.— The receipts from traffic were gratify- Advances
for Canadian
80,878
ing, especially during the last three months of the fiscal
construction
384,850
638
104,919 Loans and bills payable
203,339
year, which were the first months that any serious attempt Equipment under trust
Subsidy from Canadian
was made to operate the whole line. The gross earnings for
Government
84,480
these months were $428,857, as against $310,159 for correEquipm'ijt trust certlfs.
104.918
Profit and loss surplus.
sponding months of the year before, an increase of $118,698.
98,774
The net earnings during the same months showed an increase
Total
.$3,099,026
Total
$3,099,026
of $66,594. The growth of the business has necessitated the -V. 73, p. 495, 287.
purchase of four additional powerful locomotives and 250 adCentral of Georgia Railway.
ditional 40- ton coal cars. The coal cars have already been
{Report for year ended June 30, 1901.)
delivered and the locomotives are contracted for delivery
Dec. 1 next. The motive power and equipment of the comPresident John M. Eagan says in part.:
pany were taxed during the last three months of the year to
General Results.— The revenue passeogers carried increased
their fullest capacity. If the present prospects for business 19 95 per cent, with an increase iu revenue passengers carried
are realized, additional power and equipment will have to be one mile of 16 '29 per cent. The revenue freight carried inprovided.
creased 10 21 per cent, with an increase in tous one mile of
The increase in freight earnings was largely from local 19 45 per cent and an increase in the average haul of 12*48
traffic, which was greater by 178,500 tons, or 80-7 per cent,
miles, cr 8*38 per cent. The purchase of additional machinthan in the preceding year. The principal item of increase ery and tools, the construction of 200 new box cars and the
was bituminous coal, of which 218,667 tons were carried, placing of air-brakes and automatic couplers on a large porcontrasting with 100,792 tons in 1899-00. The early comple- tion of our equipment, increased the cost of maintenance of
tion of new coal developments will largely increase the road's equipment.
OCTOBEH
19,
THR CHRONICLE.
1901.]
The increased passenger business here shown
is
t
ht*
in
>st
reliable indication of the prosperity of those wbo resi'le
along and adjicent to the lines of this railway. Ttie prodacers bave obtained very satisfactory liaancitl results from
the sale of peaches, pears, plains and canteloup*. The prodnets of the orchard and farm improve in quality ami quantity each year and this fact has stimulated t lie owners to re
newed aotivity.
Extensions, Etc.— Extensions, etc., have been acquired or
built as
How:
Spurs, eto
Dover
to
,
I
Colorado Midland Railway.
(Report for the year e ruling June 30, 1901. J
The results for the last fiscal jear compare as follows
>-0).
189>00
1^97-98.
1890-09.
m $1,731.
U ross earnings
.$3,385,184 $2,197.'
:
Operating expenses
1.701.96U
1,555.597
1.364,450
1.385,686
Netearnlngs
Other luoome
$6-3,215
84.368
$625,903
$295.-48
$345,757
$717,184
515,70'J
$641,440
565.001
30i, 7.16
$201,775
$76,439
$2,205
Total net Income
converted Into main track
niton, Ua. Hruton A Plueoru, Ry., 58 miles acquired;
4 48
841
Fixed charges
16,448
10
5.897
$351,654
33'...
[
a! ho 19 mil- sooiiMtrueted]
Oarrollion, Oa., to Chattanooga (Shops), Tenn.
Rome A South. -m Rv ], aequted June 1, 1901
Chk-kaimiuga
io
qulre.lJu h
1,
Durham,
G<t.
[Chattanooga
77 02
-
[Chattanooga
137-57
& Durham RR
],
Balance, surplus
72, p. 821.
Northwestern Elevated Railroad of
ao-
191
17 54
to Hellerovlllo. Ala., leased frem the Ohattahooobee
Gulf RR. Co
At Chattanooga, Tenn., trackage, eto
Dothun
•.
-72
(
hicago.
(IStatiment for year ending June 30. 1001.
"Chicago Economist" has obtained the following:
<S>
46-98
$12,092
-V.
The
STATKMENT FOB TEAB ENDED JUNE
28431
Maintenance, Etc.— The following facts are given:
Owing to the liberal use of oross tles.dr ring former years, it was found
Passengers carried
Average daily
18,949,296
51,916
Earnings—
30, 19 1.
Operating tx/jenses —
Malnt. way & structures.
$6,450
Maii.tenance equipment.
15,472
Cond'etlng trans oortat'u 261,148
General
39,575
$947,465
necessary to place only 4 59, w 22 cross-ties in the track, being a de- Passengers
31,301
crease of 1(69,81 as eom pared with the previous year, stone, gravel, Miscellaneous
slag and cln era were used In ballasting 19^ miles of malutraok. and
Total (c2*96p. o.)
$978,766
$322,645
80-pound steel rails were laid ooverlng 45 miles In main line. A
Gross
steel plate ulrder bridge, 57 feet In length, removed from a street cross$656,121
Netearnlngs
ing at Macon. Georgia, was placed In the mala line west of Tennllln.
Dutuct—
Georgia; sixty one tn sties, aggregating 2-8tf miles, were flll-d with Interest on bonds
$280,630
earth, 7,300,439 feet of timber were used on bridges and trestles
5,535
Other Interest
pounds
with
hundred
box
capacity,
pressed
steel
Two
cars, 80,1 00
94,657
Rental
other
appllanoes,
were
constructed
commodern
at
the
trucks and
19,871
Taxes
pany's shops during the past year; 5 locomotives were equipped with
air-brakes; 97 with automatic oouplers, and 1 36 with pilot oouplers.
Surplus for stock.,
.$255,429
Air-brakes were placed on 673 freight oars and 771 freight oars were
-V. 73, p. 554, 287.
equipped with automatic couplers.
Statistics.— Tables in the report state the gross earnings
Crucible Steel Company of America.
per mile as $4 125, against $3,954 in 1899-00; net earnings,
(Report for the year ending Aug. 31, 1901.)
Earnings per passenger train mile,
$1,277, against $1,357.
86-16 cents, aaaiDst 8i»-55 cents in 1899-00; earnings per freight
President C. H. Halcomb says in substance:
Average tons per train,
train mile, $1 68, against $1 70.
The net earnings of $3,490,438 I consider very satisfactory. It Is
revenue freight, 15141, against 148*17; all freight. 163-99, true that the profits of the various companies the year before the
profits were made duragainst 179-57. Of the 2.708,915 tons carried, products of merger aggregated about $4,000,000, but thesebusiness
was larger and
ing an abnormal year, in which the volume of
aggriculture supplied 24'57 per cent; produots tf animals, the prloes higher than they had ever been or have been since, and the
2*28 p. c. ; products of mines, 12'67 p. c. products of fore6ts, lnve< tories of these oompanles at the time of merger were taken at
the then ruling prloes, which declined very materially within less than
23 47 p. c. ; manufactures and miscellaneous, 3701 p. c.
month after the date of merger. In addition to this your company
Earnings.— Operations, earnings, balance sheet, etc., were; one
was heavily handicapped by having to assume contracts for large
OPERATIONS AND FISCAL RESULTS.
amounts of raw material at high prloes, for which 'he various oom1900-01.
1899-00.
1898-99.
1897 98. panles had obligated themselves. Your oompany started In last year
with very few orders on hand and comparatively no contracts, because
Average miles operated..
1,678
1,539
1,524
1.524
Over, {rev trameonly).
the different constituent companies had made no effort to book orders
Passengers earned
2,146,567 1,789,565 1,576,461 1,445.348 in view of the consolidation. We have started In this year with a very
70.478,468 60,606,409 86,636,540 47,526,905 large tonnage of orders booked and ooutraots sufficient to run us for
Pass, carried 1 mile
2-33 ots. 2-269 ots. 2*342 ots. 2-357 ots. at least two-thirds of the year, therefore the outlook Is most favorRate per pass. p. r mile..
Freight (tons) carried.... 2.708 915 2,457,977 2.199.018 2,036 616 able. We bave during the past year effected many economies, which
Freight (tons) carr'd L m. 437060554 365901969 355713668 325621615 will show a considerable saving in the expenses this y. ar.
064 ots. 1096 ots. 1*044 ots. 1145 cts.
Rate per ton per mile
Your company has within the past year purchased 1 5 acres of the
Earnings —
finest manufacturing land on the Monongahela River, and has organ$
Passenger
1,6*1,882 1,375,433 1,326,362 1,' 20,375 ized the St. Clair Furnace Co. (V. 73, p. 394. 447). and the St. Clair
Freight
4,(50,105 4,010,059 3,713,456 3,728,5 1 Steel Oo. (V. 73, p. 621), of whioh it owns all the siock, and has comMall ana express
253,460
243,428
241.178 menced the erection of three large blast furnaoes. twelve 50-ton open,
242,064
Miscellaneous
375,268
457,343
485,463
416,979 hearth furnaces and blooming mill, all of wiii-h will be in operation
within the next few months and wUl constitute the most modern furTotal
6,920,715 6,086,263 5,767,345 5,507,069 nace and steel works In the world. This plant win make us absolutely
Expense 8—
Independent as regards raw material of all kinds, besides reducing, our
Malnt. of way. eto
1,242.231 1,002,883
910,792
884.788 oost of manufacture to a minimum.
Maint. of equipment
831,796
605,721
628,063
543,606
I have reoommended to your board of directors that $490,438
Conducting u an-qiort'u.. 2,4 43,462 2,14-',865 8,097,419 1,777,726 should be deducted from the net earnings for depreoiatioa, which sugGeneral
260,659
245,279
227.658 gestion they have adopted and have carried to surplus acoount $1,223,704
Taxes
213,410
208,657
206,: 33
176.132 2 0,000, after allowing for the 7 per cent dividend on the preferred
stock, amounting to $1,750,01)0 (making the total surplus acoount $1,Total
4,991.5f 8 4,206,405 3,9*6,711 3,6c 9.9 10 413, t74), believing that while the oompany earned ao ut 7 per cent
(68-781
P. o. of op. exp. to earn..
(7212)
(6911)
(65 55)
on the common stook, it was not expedient to declare any dividend on
Netearnlngs
1,929.157 1,879,858 1,800,634 1,897.159 the common stook this year.
Other Income
187,359
231,463
215,218
110.274
The profit and loss account is as below :
Total
2,116,516 2,111,321 2,015.852 2,007.433
PROFIT AND L08S ACCOUNT.
Deduct—
Netearnlngs from operations
$3,490,438
Int. on funded debt
1,558,587 1,536,820 1,536,800 1,5?6.800 Dividends
30,861
Rentals
347,9< 2
415,537
390.^00
406,700
Miscellaneous
8.674
27,998
6.792
13,464
Total net income.
$3,521,299
$1,750,COO
Less — Dividend 7 per cent on preferred stook
Total
1,915,163 1,980,555 1,956,964 1,934,292
Paid to outside holdings (£576,300), Park St< el Co.,
Surplus*
201,353
130,966
73.141
£8,888
40,341
7 per cent preferred stook
1
;
* Paid from surplus l 1^ p. o. on 1st pref. income bonds Oct., 1896;
2*4 p. o Oct.. 1897; 2 p. o. Oct., 1898; 2 p. o. Oct.. 1899; 3 '« p. o.
Oct., 19C0. and 5 p. o. Oot., 1901.
GENERAL BALANCE SHEET JUNE
1901.
1S0O.
$
$
30.
1899.
1898.
$
$
44,891,370 42,382.445 42,181,664 42 lv 1,664
Cost of equipment
3,666,814 3,530,739 3,530,739 3,530,739
Equlpmeut trusts... ...
65, i00
Investments
5,037,722 5,243.131 5,174,086 5.081.!- 04
Materials and supplies...
254,749
249,525
231,195
173,922
Deferred assets
45.HI7
58,778
106,511
49,089
Cash on hand
1,195,803
291,017
335,610
468 320
Cash in transit
45,583
4 4.966
64,748
51,163
Due from agents
48,12'
66,650
47,449
48,342
Individuals and co's
25!- ,877
190,590
482.962
392,612
Due from (J 8 Gov't
67,425
52,936
125,211
79,213
Traffic balancs
11,759
5.6H3
3.9C0
5,139
Notes receivable
9,694
12,151
25
3,82 S
Assets—
Road and property
Total
Liabilities—
Capital stock
•
55,562,037 52,410,092 52,129,319 51,976,387
5,000,000 5,000,000 5.000.COO 5/0' ,0
Funded debt ...
48,646,000 45,941,000 45,801,000 45,801 000
Deferred liabilities
11,682
3.052
3,248
Int. on funded debt
334,425
321.429
324,429
324,429
Taxes
112,480
89.371
101,447
96,178
19i.296
Vouchers audited
279,730
326.S-53
218,414
Paychecks
233,132
184,618
203,197
200.404
Discharge checks
3.965
2.073
1,677
1,864
Interest and rentals due.
97,298
246,214
233,726
246,758
Reserve funrs
475,503
44,288
57,6*8" J
Miscellaneous
167,348
86,653
155.578
Profit and loss
200,473
87,789
131,086
81,612
Total
-V.
72, p. 444, 662.
55,562,037 82,410,092 52,129,319 51,976,387
$l,7P0.34l
$1,730,958
The balance sheet Aug. 31, 1901, compares will the preliminary balance sheet of Sept. 1, 190i), substantially as folBalanoe, surplus for year
lows
:
BALANCE SHEET OP AUG.
Assets—
Real estate, plant and equipment
1901 19C0.
b'$4*,6i ,015 $43,497,939
1.3(4,211
a 1,339,600
Investment securities
Accounts and bills receivable
Advanceson aco'ntof ore and metal con tracts
Organization expenses
Cash
Inventory- Raw material, eto
Total assets
Liabilities —
Stock, preferred
Stock, oommon
Mortgage and bond obligations (not due)....
Accounts payable
Park Steel Co. account
Preferred dividend No. 4
Profit
and
loss
Total liabilities
31.
3,0n,oi8
—
25,t-62
5.712.003
73,930
487,805
5,304,765
$54.426,9 9
$50,704,039
$25,000,000
$25,000,000
25,000,000
324,514
.-
6' 5
680
1
25.0oo.u-.
83,100
l,389,**-8
I
42,035
618,«24
4-7.500
1,' 04 112
337,496
$04,4 2t ,919
$50,704,039
$€00,£00of the company's prefened and $589,100
stock; also $126,100 stock of ( ousumer-.- Heating Co.
and $25,000 stock of Central Plow Co. b Inoludiug.betieru.ente,
$283,t01.
a Includes,
of Its
at par,
common
The statement made to the New York Stock Exchange in
January last gave the following data regarding the propertits
acquired.
THE CHRONICLE
342
KHTATE, JT.ANT AN1» EQUIIMKNT IIW.M.I) IN
Beat
Organ-
JlKAl.
i.
Oreaoent »to«i Co.. Pittsburg
La Belle Steel Co , Allegheny City
vnderHi>ii.DiiPn>#Co .MoK»-osR<iokn.PH.
B.AthaA- lllmgw. rthOo.. Harrison. N. I.
BiirK«i*"8toel& [lOiiWorkH.I'.irlHiii'Ui.O.
Spauldlng & Je. Him*. Jersey City
.
iho\5
18<>3
1S*5
5
20
48
1871
1*<>0
(1'ii
)
3
25,ouO
2ft
oho
«•
"
"
"
"
7
Patents
'•
12,000
10.000
7,200
12,000
"
1848
1876
Kc.al nniHtn
],68.">,139
Ji
.i
i
31. 1901.
—
10,974,1V)
393,779
2,942,816
Profit
i
800, -< H
.$14,310,745
$14,310,745
Total
GENERAL INVESTMENT NEWS.
16,000
10,OuO
7
13
RAILROADS. INCLUDING* STREET ROADS.
Atchi60n Topeka & Santa Fe Rj.—Xew Steamship
nection.
The Kansas Southwestern RR., extending from Cale Janction to Anthony, Kan., 59 miles, was also recently reported
plow and machinery steel, boiler plate, drawn wire, drill
rod 8, carriage and railroad springs and axles, ordnance and projeotlles.
tool, die, file,
as purchased, though the report lacked official confirmation.
This latter company was formerly the St. Louis Kansas &
Southwestern Ry and as such was part of th^ St. L mis &
San Francisco system. (See V. 07, p. 1309.)—V. 73, p. 783, 734.
73, p. 618, 393.
of America.
,
(Statement for year ended June 80, J 90 J J
be given in another issue. In
the meantime the following is of interest:
EARNINGS OF CONSTITUENT COMPANIES.
Increase.
1899 00.
190001.
Chicago Darlington & (J nine? RR.— Sae Railway company next below.— V. 73, p. 780, 787.
A digest of tbe report will
Chicago Darlington
$1,206,323
$735,039
issue,
entire
the
to
"Applying the net earnings ($1,941,362)
$31,250,000 of preferred stock of the parent company (including $1,821,407 beld for exchange for outstanding snares
of constituent companies) shows 6"2 per cent earned thereon.
Deducting the extraordinary expenses for bond discount and
expenses incidental to the bond issue, amounting to $21:3,512,
leaves $1,657,850, or 5 3 per cent on $3l,250,0C0."
Chicago Milwaukee &
Record.— Notice has been
RJ.— Discharged of
Wisconsin of the satisfaction of the La Crosse division mortgage which matured in
1893 - V. 73, p. 550, 562.
The earnings above indicated were not all taken over by
the parent company for the reason mentioned below. The
profit and loss account of the Distilling (Jo. of America therefore shows:
DISTILLING COMPANY OF AMEBICA— PKOFIT AND LOSS ACCOUNT.
Increase.
1899-00.
190001.
$h0,0;j9
$6.69
$146,858
Interest on advanoes
199,800
249,750 Dec. 49,950
Dividend on Hannis stock
$329 839
$346,658
Total
265,571
, taxes and general expenses...
$129,737 Dec.$48.649
$81,087
Surplus
President Rice says that it is the consensus of opinion that
when the current vear's profits are added to the net working
capital, the payment of dividends on a conservative basis will
be warranted.— V.
73, p. 393, 136.
Glucose Sugar Refining Company.
...
Materials, supplies
ucts in process
1,9. 2. 700
1,550,843
444,361
804.550
76,578
557,804
25,078
466,764
421,430
76,578
717,047
26,092
62«,917
657,299
74.693
646,572
31,4^9
36,557
$41,525,170
$41,825,211
$41,714,131
$40,000,000
266.201
1.258,969
$40,000,000
293 571
1,531,640
$10,000,000
$41,525,170
$41,825,211
$41,714,131
1,972,700
1,003,260
Total assets
—
Stock authorized
Acoounts payable
Surplus account
Total liabilities
73, p. 722.
-
Dover Somersworth & Rochester Street Ry. (New Hampshire).— Boids Offered.— Thompson, Tenney & Crawford of
Boston and New York are offering at 106^ and interest this
company's entire issue of §300,000 first mortgage 5 per cent
sinking fund gold bonds, dated July 1, 1901, and due Julv 1,
1921; American Loan & Trust Co., Boston, trustee. The
principal and interest are unconditionally guaranteed by the
Exeter Hampton & Amesbury Street Railway Co., which
operates the road under lease. A circular says
The company was formed by the merging of the Union Electric Ry
of Dover and the Rochester Street BR., and connect* by trolley the
streets of Dover. Rochester and Somersworth and several villages, the
trackage in all amounting to 22 4 miles of road, laid with HO lb T and
70 lb. girder rails. The rolling stook consists of 31 oars. The company
4 >7,2. >9
6
1,236, b7Z
:
Hall Signal Company.
{Balance Sheet of
Assets
May 31,
May 31,
1901J.
hires its power, but has installed storage batteries, etc., of about 500
ampere oapaoity. The company also owes and operates a large park
an: athletic ground, comprising 25 aores of land, with casino, bowling
alley, ball field, two cottages, etc. Earnings Julv l, lHOi, to 8ept. 30,
1901 (3 months gross, $36,709; net, $17,272. For current year, estimated gross. $100,000; net, $40,000; Interest charge, $15,000; surEarnings of guarantor company year ended June 30,
plus, $io,000
I9i>l, gross, $105,298; net.$37,H4; interest charge, $13, 125; balance,
surplus, $23,9>-9. The guarantor is paying "regular dividends" at the
rate of 5 per oent per annum.
1901, is as follows:
Liabilities —
—
Caso and accounts
i
Sundry creditors
ool-
$240,405
lectible
Ii9,552
Inventory
7,644
Investm'ts in other co'e
93,16
Real estate, tools, etc.
Patents, good will, etc. 1,693,037
$2,153,799
Total
$53,-135
Interest accrued, etc
l,Of>0
Bonds
Capital stock
Profit
,
30,000
and
1,685,2<
3:4,41-1
,
loss
Total
$2,153,799
Doylestown & Easton Street Ry. (Pennsylvania).— Bonds.
—The mortgage made recently to the Girard Trast Co. of
Westinghouse Air Brake Company.
{Balance Sheet of July
Following
is
72, p. 580.
C
—V.
balance sheet of
bonds.— V.
George J. Gould, New York; Jacob H. Schiff, New York; B. H HarTiman. New York; Winslow 8. Pierce, New York; Arthur Coppell,
New YoiK; Edward T. Jeffery, Denver;
G. Warner, St. Louis; Bussell Harding, St. Louis.— V. 73, p. 615, 506.
and prod-
Finished goods (cost)
Boiling stock
Accounts receivable
Unexpired insuranoe
Miscellaneous
Liabilities
tee to secure $500,0G0
Denver* Rio Gran ieRR.— New Directors.— C. G Warner'
Second Vice-President of the Missouri Pacifi ;, and Russell
Harding, General Manager of the Missouri Pacific system,
have succeeded J. Edward Simmons and Richard T. Wilson
1901.
1900.
1899.
Tne
,223,241 $36,232,056 $35,283,904 of New York as directors of the Denver & Rio Grande.
361,700
361,700
1,380,700 board now consists of the following:
1,972,7^0
1,055,158
Cash
Paul
Denison & Sherman Ry.— Bonds.— This company has
made a mortgage to the Farmers' Loan & Trust Co. as trus-
{Balance Sheet of July 31, 1901. J
The statement of profits for each of the last three years was
The balance sheets of
in the Chronicle of Oct. 5, page 72','
July 81, 1901, 1900 and 1899 compare as follows:
GENBBAl. BALANCE SHEET JULY 31.
AssetsPlants
Preferred stock in treasury
Common stock in treasury
St.
filed in
Connecticut Ry. & Lighting Co. Official Statement.—On
pages 852 and 853 will be found the application to list the
Connecticut Railway & Lighting Compauy first and refunding mortgage 4J£ per cent 50-year gold bonds on the New
York Stock Exchange. These bonds were sold in January
last by Redmond, Kerr & Co. and J. & W. Seligman & Co.
The statement to the Exchange sets forth very fully the facts
regarding the company— the properties controlled, the earnings, balance sheet, etc. Additional particulars and a map
showing the properties covered by the mortgage are to be
found on pages 16 and 17 of our Street Railway Supplement, -V. 73, p. 783, 82.
$16,819
65,470
200,101
& Qaincy Railway.— Incorporated.—
This company was incorporated in Iowa on Wednesday with
$1(<0,0(j0,(j00 of authorized capital stock.
The object of the
company, as set forth in the articles of incorporation, is to
acquire, lines and property of the Chicago Burlington &
Qaincy Railroad, and other roads, and to operate in the States
of Illinois, Iowa, Missouri, Kansas, Neoraska, Colorado,
Wyoming, South Dakota, Montana, Wisconsin and Minnesota.— V. 73, p. 780, 787.
$1,941,362
earnings
net,
1.
&
:
Company
Con-
company confirms the report that on Feb.
Pacific Mail Steamship Co. for its trans Pacific business.
Reported Purchase.—it is understood that the company has
acquired control of the Santa Fe Pres^ott
Pooeiix Ry.
The products of the constituent plants include
Crucible and open-heaith steel, merohant bar and rolled bar steel,
Distilling
— The
1902, it will discontinue its San Diego Steamship line, and
will begin to use, jointly with the Southern Pacific Co., the
tools, etc.
The
1
-V. 73, p. 722.
aCapital stook c -nslsts of $10,000,000 (one half being preferred), of
Is owned bv Crucible Steel Co. of America.
b Includes 9 acres leased and 5 ." aores on Monongahela Kiver.
Also owns oruolble works plant, with modern machinery, having an
average output of 900 cruel ulea per day, and additions are now being
made which will increase the capacity to from 1.200 to 1,500 oruoitdes
per day; also controls Consumers' Heating Co. having 14 miles of
pipeline, 11 gas wells, and oomplete equipment of enginee, boilers,
Int
:*!)(>
2,0
1,939,16".
Total
"
1.
Capital stuck.
R DtteS
2,294,626
Merchandi-ic
"
which over 94 per oent
Total
sin.
LA XIII.
Steel Co., Pittsburg
Singer, Nlmlok & Co., Pittsburg.
Sanderson Bros. Steel Co., Pittsburg
—V.
3, 2o»
Wllmerdlng plant
CONTHOU.ED THROUGH OWNEltHHIT 01 BTOOX.
lftO.OOO
1861 b82
20.000
1X59 5'4
Howe, Brown <k Co., Pltmbun;
« Park
i.
$2,380.9^0
Accounts receivable..
BtOOk 00 band
ns
t
i:\lw
Li'ihililieH
C;ihIi
25.000
30 000
40,000 "
"
'j
kai.
Attttt —
capacity.
ttatt
9
Iti
IK.
A imniil
10 aoreB
S
lHtft
1891
Bteel Co
1875
Beaver Palls (Pa.) Sieel Works
Cumberland (Md.) Steel &T)u Plate Co.. 1873
Allu,ull>l>a
i
I
[Vol.
Philadelphia, as trustee, secures $825,000 of 5 per cent $1,000
gold bonds dated July 2, 19i»l, and due July 2, 1941, interest
SI, 1901.)
the balance sheet of July
come acoonnt for the year ending July
the Chronicle of Oct. 5, page 722.
31, 1901.
31, 1901, was
The
in-
given in
I
1
payable Jan 1 and July 1 at office of trustee. Tne company
was organized a year or more ago with $100,000 of authorized
capital stock, presumably since increased. The road will be
OOTQBEB
19,
1901.1
THE CHRONICLE.
about 31 miles in length, extending between the towns nam^-d.
I. R. Rosenberger of Colmar, Pa., is President.— V. 7:!, p.
& Terre Haute BR.—Application*
for Pro
Three sets of applications for proxies to be voted at the
next annual meeting have been sent to the stockholders, the
applicants beiDg the present management, Edwin S, Uooley
Hooley and Thomas & Post. The passing of the
of Rolston
dividend upon the common stock due this November in
claimed by some to have been unwarranted.— V. 78, p. 615,
—
Evansville
&
612, 653.
Exeter Hampton & Amesbury Street Ry. —Guaranteed
Bonds— Ear-ninga.— See Dover Somersworth & Rochester
above.— V. 71, p. 1219.
Grand Rapids & Indiana Ry.— Dividend Increased.—
The directors have declared a dividend of 1 per cent, payable
Oct. '25. This it creases the rate from 1 per cent to 2 per cent
per annum, the two previous dividends having been 1 per
cent each, payable in April, 1900, and 1901. -V. 72, p. 773.
The
Helena (Mont.) Power & Light Co.— Receive r.
United States Court at Helena ha9 appointed H. L. Walker,
Secretary of the company, as receiver of the property. The
appointment was made on application of the Central Trust
Co., trustee under the mortgage of 1895, interest on which is
in default.
The company owns the gas, eleotric light and
Street Ry.
—
street car plants in Helena.
Illinois Central RR. —New Stock.— The shareholders on
Wednesday approved the proposition to increase the capital
stock from $66,000,000 to $79,200,000, and authorized the pur-
chase of the lines of the former Peoria Decatur & Evansville,
as per announcement in V. 73, p. 391, 665. Shareholders of
record Oct. 30 have the privilege of subscribing on or before
Nov. 27, at par. for the new stock, to the amount of one share
for every five shares held, subscriptions to bapaid in full on
or before Dec 18.— V. 73, p. 665, 658.
Kansas City Kort Scott & Memphis Ry.— New Securities
Ready. Subscription certificates issued by the Mercantile
Trust Co. on behalf of the St. Louis & San Francisco RR.
Co. for bonds and stock trust certificates of this company
may now be exchanged at the Mercantile Truft Co., No. 120
Broadway, New York, for the new securities called for by the
plan in V. 72, p. 1237.
which exPurchase. The property of the Mineral Belt
tends from Joplin to Duenweg, in Jasper County, Mo., has
been purchased. The shareholders have also voted to purchase the Current River RR., Willow Springs to Grandin,
Mo., 81 miles, for some time part of the system. V. 73, p.
—
—
RR
,
—
391, 236.
Norfolk
(
34:
Mass.) Southern
Rj.—8ol4.—T\
f H wton
bid in by the National Shawmut bink
closure sale on (Jet. 8 for $1110 000.— V.
1
rty was
at the fore-
7:5.
Norfolk & Western Ry.- Ratified.—A.t the annual meeting
on Oct. 10 the stockholders ratified the action of the
directors terminating the right to is-iiu prior lieu bonds
under the first consolidated mortgage; the purchase of the
Cincinnati Portsmouth & Virginia RR., alio the acceptance
of the Act of Assembly of North Carolina, approved Feb. 18,
1901, anl the Act of Assembly of Virginia, approved P«b,
15, 1901, both relating to the Norfolk & Western Ry. Co.— V.
73, p. 492, 495, 603.
Northern Pacific Ry.— Preferred Stock.— Rumors have
again been revived this week that the qaestion of retiring the
preferred stock is being seriously considered. As is well
known, "the company" has the right "in such manner as it
t-hall determine, to retire the preferred stock in whole or in
part at par. from time to time, upon any first day of January
prior to 1917." (See wording of certificate in "Investors'
Supplement of April, 1897, page 4.) Mr. Hill is now in this
city, and it is asserted is urging the retirement of the entire
The Kuhn Loeb-Harriman interests, whose holdings,
issue.
claimed, include a large block of the preferred, are said
to deprecate, or at least recently to have deprecated, such
On the Stock Exchange yesterday the preferred
action.
hhares were active and sold up to 108/3, contrasting with
99}^ a week ago. In the effort to explain this movement it
was suggested that the retirement, if fina'Iy agreed to, might
perhaps result in valuable subscription rights to the stocknolders. However, as the parties chit fly interested decline to
give out information, the whole matter is given over to surmise. It is worth noting that Mr. Morgan is in San Franit is
cisco.— V.
73, p. 723, 660.
Omaha &
St. Lonis RR.— Sold.— At the foreclosure sale
on Oct. 12 (postponed from the preceding day) the property
was bid in for the bondholders' committee for $1, 250,000.
The road will be turned over to the Wabash RR. Co. on
basis already announced, as soon as the necessary arrangements can be completed. V. 73, p. 392, 338.
Orange County (N. Y.) Traction Co.— Successor Company.
—This company has been incorporated at Albany with $325,-
—
000 authorized capital stock, of which $175,000 preferred, as
successor of the Newburg Electric Ry. and subsidiary companies, per plan in V. 73, p. 138.
Directors:
F. H. Moffattof New Brighton; L. H. Clark, F H. Pouch, P. D. Pouch
and B. J. Bloodgood of Brooklyn; A. B. Pouch of Tompklnsville; J. B.
Ktlshehner of New York City; E. A. Alyea of Newark, and W.C.Hasoey
of Montclair, N. J.- V. 73, p. 445, 338.
—
Kansas City & Northern Connecting RR.— Sale Postponed
Pennsylvania Company— Bonds. Speyer & Co. and Kuhn,
till Oct. 25. — The foreclosure sale has been postponed until
Loeb & Co. have purchased $20,000,000 Pennsylvania ComOct. 25, at the request of Frank Hagerman and others, pany 33^ per cent trust gold bonds, guaranteed principal and
representing the bondholders.— V. 73, p. 494.
interest by the Pennsylvania RR. Co.
The proceeds will
Kansas Southwestern RR.— See Atchison Topeka & Santa reimburse the Pennsylvania Company for the cost of acquisition of the Cambria Steel Co and the Pennsylvania Steel Co.
Fe Ry. above.— V. 67, p. 1809.
The
bonds are dated Nov. 1, 1901, and are due Nov. 1, 1916,
Lake Shore Electric Ry.— Directors.— The directors are:
but one-fifteenth of the total amount will be drawn each
Henry A. Everett. E. W. Moore. C. H. Stewart. J. B. Hanna, W. H.
The bonds
Price, J. B. Hoee, W. J. Gawne, J. H. Harding and Barney Mahler.— year by lot for redemption at par and interest.
are secured by deposit in trust of dividend-paying railroad
V. 73, p. 784, 287.
Lexington & Eastern Ry. Extension of Bonds. The shares, namely, Baltimore & Ohio preferred stock, Norfolk &
shareholders will vote Nov. 23 on the proposed agreement Western preferred stock and Pittsburg Cincinnati Chicago
relative to an extension of time of payment of the first mort- & St. Louis Ry. preferred stock. The firms named have
gage bonds and payment of interest on said first and general already sold a large amount of the new bonds, and will
mortgage bonds. The terms of this agreement were given in presently offer the remainder for public subscription. The
—
Girard Trust Co. of Philadelphia
is the mortgage trustee.
eel ling at 98 and interest.— V. 73, p. 335.
Metropolitan Street Ry. of New York.— Earnings, Etc.—
Pennsylvania RR.— Guaranteed Bonds.— See PennsylvaPresident Vreelaud is quoted as saying that the earnings for
September were $112,000 larger this year than in 1900, and nia Company above.
Application to List.— Application has been rcade to the
that there is no truth in the reports that the dividend on the
New York Stock Exchange to list not exceeding $1,392,600
stcck will be reduced.— V. 73, p. 613, 616.
Mexican National RR. Deposits to be Received Until additional capital stock, to be issued in exchange for the
Nov. 13.— Participation under the plan of readjustment de- minority shares of the Philadelphia Wilmington & Baltiscribed last week is dependent upon the deposit of securities more.— See V. 73, p. 723.
Portland & Paget Sound RR.— Sale.— At the sheriff's
on or before Nov. 13, 1901, with one of the designated desale on Sept. 24 this property was bid in for the judgment
positaries.
See advertisement.— V. 73, p. 784, 553.
Middleboro Wareham & Buzzards Bay Street Ry.— creditor, the Seattle & Montana RR. Co. (Great Northern
Bonds. The Massachusetts Railroad Commission has author- system), for $200,000. The amount of the judgment is stated
is $1,701,620, the property including real estate, franchises,
ized the company to issue $75,000 in 5 per cent 20- year bonds
rights of way, etc., and also the superstructure, piers, etc.,
to fund floating indebtedness.
of the proposed bridge across the Columbia River at VanMissouri Kansas & Texas Ry. Co.— Bonds Offered.— Mason, couver.
Lewis & Co. of Chicago and Boston have been offering at 85
Railroad Securities Co.— Application to List.—The New
and interest $1,000,000 of the new St. Louis Division first
York
Stock Exchange has been requested to list the $10,000,mortgage refunding 4 per cent gold bonds, dated April 1,
000 33^ per cent fifty-year gold coupon bonds of 1951, Illinois
1901 maturing April 1, 2001.
An advertisement says
These bonds are part of an Issue of $6,000,000 first mortgage re- Central collateral series A. —V. 72, p. 340.
funding bonds, coveting that portion of the main ltue of the M. K. &
Richmond-Washington Company.— Official Statement.—
T. system now known as the Bt. Louis Division, formerly Missouri
We
have been favored with the following official statement:
Kansas & Eastern, extending from Franklin Junction, Mo., Into St,
An agreement has been made between the Pennsylvania RB. Co.,
Louis. $4,000,000 will be held by the trustee to retire $4,000,0(jO
V.
73, p. 663.
The bonds are
—
;
:
the BaMmore & Ohio RR. Co., the Chesapeake & Ohio Ry. Co.. the
first mortgage bonds of the M. K. & E. Railroad, issued by that company before its absorption by the present oompany, leaving $2,000,000 Southern Kv. Co the 8eahoard Air Line Ry. anl the Atlantic C
to be sold, of which $1,000,000 have already been taken by Investors. Line RR. Co., providing for the Incorporation of the Richmond- Washington Co., In
oompany each (if the said Hues wfil have a oneMost of the $500,000 second mortgage bonds of the Missouri Blxth Interest.which
This new company has acquired the entire capital
Kansas & Eastern nave been exchanged for bonds of this new stcck of the Washington Southern Ry. Co. (whose line begins at the
south end of the Long Bridge across the Potomac River, and ends at
issue.— V. 73, p. 609, 494.
Quantioo), and the majority of the voting capital stock of the RichNewburg(N. Y.) Electric Ry.— Successor Company .—See mond Fredericksburg Potomao RR. Co. Under this arrangement,
while the Washington Southern Ry. Co. and the Richmond FredericksOrange County Traction Co. below.— V. 73, p. 415, 338.
burg & Potomao UK. Co., will still maintain their corporate entitles,
Newton (Mass.) Street Ry.— Bonds.— The Massachusetts and the properties will be operated for the benefit of their stockholders,
Railroad Commission has authorized the company to issue a continuous line of operation will be established between Richmond
and Washington, and over this line the traifio of the above six com$115,000 5 per cent 20-year bonds for the purpose, it is panies
Is to be moved, and facilities granted, with Impartiality— V.
stated, of fundingjts floating indebtedness.— V. 72, p. 581.
73, p. 495.
.-
,
i\:
THE CHRONICLE.
844
Fe Preacott & Phoenix Ry.— See Atchison Topeka
ab )ve.-V. 73, p. 781.
Southern Ohio Traction Co.— Listed in Phila lelphia
The Pniladelphi* S f ock Exchange has listed $1,050,000 of the
S;inta
& Santa Fe Ry.
—
$2,OOJ,000 first consol. 5s.— V. 72, p. 1136.
Toledo
Louis
St.
for the year endiug
Oross.
Year.
1900-01
1899-00
& Western Ry.— Earnings.— The report
June 30, 1901, shows results as follows:
Net.
$2,4' O..SB6
— V. 73. p.
1,940 378
310, 243.
$690,615
379,297
Other Inc.
Charges.
Bat., sur.
$6,341
$614,400
$82,555
Toronto Street Ry.— New Stock.—The directors recently
[Vol. LXXIil.
which the Amalgamated Copper Co. owns a maThe first dividend, paid on Dec. 10, 1900, was $5 per
stock, of
j
mty.
share, calling for $1,000,000.— V. 72, p. 1082.
Cambria Steel Co.—New Chairman.- On Oct. 16 John
Lowber Welsh resigned as a director and Chairman of the
Executive Committee and Effingham B Morris, a director
Pennsylvania RR. Co.. was elected to the position.
Frank J. Firth and Theodore N. Ely were also elected to the
Executive Committee. They represent the Pennsylvania
RR. Co., which has now assumed working control.— V. 73,
of the
p. 446, 339.
approved a proposition to issue $1,000,000 new stock in order
to purchase the Metropolitan and Toronto Suburban Street
railways. The former fine extends from Toronto to Newmarket, 30 miles. The latter comp my owns 9 miles of track.
Cambridge (Mass.) Electric Light Co.— New Stock.—The
stockholders are entitled to subscribe at $140 per $100 share
until Oct. 25 for $"50,000 new stock to the amount of one new
share for nine now held.— V. 71, p. 1069.
-V.
Camden (S. C.) Water, Light & Ice Co.— Bonds.—The
bonds referred to recently are subject to call as an. entire
issue, but no lesser part, after Oct. 1, 1911, at 110 and interest; Maryland Trust Co., trustee.
Sinking fund after 1933,
1 per cent.
The company wes organized in May, 1899; capital stock, $100,000. Recent net earnings, it is stated, average
$626 monthly.—V. 73, p. 724.
Chlcago-Tirden Coal Co.— Mortgage.—The ompany has
made a mortgage to the Equitable Trust Co. of Cnicago, as
trustee, on coal lands in Sangamon and Macoupin counties,
111., to secure $600,000 bonds of ll.OO') each, of which $300,000 to be used as once to pav outstanding liabilities, improvements, extensions, etc. The President is T. C. Loucks, Secre-
73, p. 664.
United Traction Co. of Albany and Troy. -New Presi tent.
On Oot. 12, in order that the head of the operating department might b-* the President of the company, Robert C.
Pruyn resigned from the presidency, and was succeeded by
the General Manager, John W. McNamara. Mr. Prnyn is
now chairman of the board. The quarterly earnings are
given on page 837.— V. 73, p. 614.
Wabash RR.— See Omaha & St. Louis RR. above.— V. 73,
—
p. 786, 567, 550.
Washington Traction & Electric Co.— Plan Operat we.—
The reorgaoiza'ion committee gives notice that more than
93 per cent of the first collateral trust mortgage bonds having
been deposited with the United States Mortgage & Trust
Company under the plan of reorganization, dated Aug. 1,
1901, the plan is declared operative. The time for tha deposit of bonds and stock under the agreement is extended to
Oct. 31, after which date no further deposits will be received,
except upon such terms as the committee may prescribe. Sjo
resume of plan in V. 73, p. 554.—V. 73, p. 586
Receiver for Controlled Company.— Allen L. McDermott,
Electric Co., on Oct.
receiver of the Washington Traction
Suburban Rail11 was appointed receiver also of the City
way, one of the constituent corporations. Justice Bradley,
in making the appointment, ignored the application for a receiver filed a mouth ago by minority stockholders, and granted the petition recently filed by the reorganization syndicate.
&
V.
&
73, p. 786, 554.
Minnesota
Wisconsin
&
Pacific
RR.— Mortgage.— The
supplementary deeds bringing under the
lien of its mortgage of 190 J the Duluth Red Wing & Southern and the Winona & Western roads, recently acquired. See
Chioago Great Western item, V. 73, p. 722, and report, V. 73,
p. 566. -V. 72, p 937.
company has
filed
INDUSTRIAL. HAS AND MISCELLANEOUS.
Amalgamated Copper Co.
Owned.—Bee Butte & Boston
Reduced Dividend on Stock
Co.— V.
Consolidated Mining
73, p. 723, 664.
,
American Bicycle Co. —Reduction of Authorized Stock. —
The shareholders will vote Oct. 30 upon a resolution reducing
the authorized capital stock to the amount now outstanding,
$9,294,900 preferred stock and $17,701,500 common
This woula result in the cancellation of the $705,100
preferred stock and $2,298 500 common stock now held in the
company's treasury. Sae V. 73, p. 782—V. 73, p. 782, 786.
viz.:
stock.
—
American Tjpe Founders Co. Annual Statement. The
report for the fiscal year ending Aug. 31, 1901, says: "The
year has been the most prosperous in the history of the company. Sales have been the largest, and the net profits over
$40,000 more than those of the previous year, amounting to
$323,469, or more than 8 p^r cent upon its capital stock, after
payment of all expenses, including interest upon debenture
bonds and borrowed money. During the year the company
has paid $160,000 in dividends, being 4 per cent upon its capital stock, and has added $163,469 to its surplus after charging
off all doubtful accounts and deducting $131,511 99 for maintenance and improvements to plants." The usual resume* of
the report will be published in the Chronicle another week.
—V.
72, p. 534.
American Window Glass Co.— Profits.—The
profits for the
stated at the annual meeting
on Oct. 15, were : From sale of glass, $1,533,826; from all
other sources, $178 334-total, $1,712,160. Amount charged
off for depreciati n of properties, $300,000; net profits for
year, $1,412,160. President Chambers says the prospect for
year ending Aug.
81. 1901, as
was never bet'er.—V. 73, p. 446, 186.
American Woodworking Machine Co.— Sold.— At the
foreclosure sale at Green Bay, Wis., on Oct. 8, the property
was bought in for account of the successor company, of
which J. E.McElvey of this city is President. V. 73, p. 339.
Austin (Tex.) Water, Light & Power Co.— Purchase by
City.— The City Council on Oct. 8 authorized the purchase of
trade
—
the company's plant for $175,000, payable $25,000 yearly on
April 1, beginning in 19 )2, with interest at 3 per cent per
annum, the city also to relieve the company of all taxes due
to and including the year 1902. A temporary injunction restraining the City Council from carrying out the purchase
will be heard presently.— V. 70, p. 999.
Butte & Boston Consolidated Mining Co. —Dividend.—
The company has declared a dividend of $3 per $10 share,
being in the aggregate $600,000, on the $2,000,000 capital
tary, F.
W.
Lukins.
Colonial Brewery of New York.— Foreclosure.— Judge
Lawrence of the Supreme Court has ordered the foreclosure
sale of this company's property. The Central Trust Co. is
trustee under the $400,000 mortgage made in 1897, on which
there is due $415,750. The property includes Nos. 236 to 242
West 18th St. and Nds. 253 to 265 West 17th St. and several
other buildings on 17th and 18th streets. The property is t:>
be offered first in eight parcels and then as a whole.— V. 72,
p. 1138.
Commercial Pacific Cable Co.—Incorporated.— This company was incorporated at Albany on Sept. 23 for the purpose
of laying a submarine cable from the Pacific Coast to Hawaii
and thence to the Philippine Islands. The capital stock is
nominal ($100,000), in shares of $100 each. All the incorporators are officials of the Commercial Cable Co.
John W.
Mackay
is quoted as follows:
The length of the cable will be about 8,500 miles. The part
will be from California to the Hawaiian Islands, a distanoe
first laid
of abont
2,200 miles. It Is expected that this portion will be laid and la operation within nin months. I believe that the whole cable will be in
operation within two years from this date.
It is claimed by some that Spain during her contrDl of the
Philippines granted a concession for some such project. The
Attorney- General of the United States will determine
whether for this or any other reason the Commercial Company should not be permitted to lay its cable.
—
Consolidated Tobacco Co.— English Protective Measures.
In view of the sale of the Ogden's company, leading British
tobacco manufacturers have arranged to amalgamate under
the title of the Imperial Tobacco Co.— V. 73, p. 724, 680, 662,
Crucible Steel Co. of America.— New Directors.— At the
annual meeting on Wednesday William P. Snyder and Alexander W. Black were elected to the board. The annual report is given on page 841.—V. 73, p. 618, 393.
Distilling Company of America. Cancellation of Unissued Stock. At the annual meeting on Wednesday the following resolution was adopted:
That the following preamble and resolution be submitted to the incoming board of dlreotors for its consideration, to wit: That the
company, now having ample working capital, shall submit to Its
—
—
stockholders a proposition (and strongly advise its acceptance) to
oanoel all unissued treasury stock, except such as^ has been set apart
for acquiring still outstanding stock of constituent companies.
New Director.—Charles E, Ayer has succeeded E. Mora
Davison as director.
Report.— See page 843.—V. 73, p. 393, 136.
Economy Light & Power Co. of Joliet and Chicago, 111.—
Bonds Offered.— Ranter, Paris & Djughten of Pniiadelphia
are offerijg $400,000 of this company's $800,000 consolidated
mortgage 5 per cent gold bonds of $1,000 each, dated Nov. 1,
Sinking fund $35,000 annually; inter1901, due Nov. 1, 1915.
est payable May 1 and Nov. 1 at Corn Exchange National
Bink, Pniiadelphia. Trustee, Illinois Trust & Savings Bank,
Chioago. Of the remainder of the authorized issue, $300,000
is held by trustee to secure a like amount of bonds heretofore
issued and $100,003 for future requirements. Circular says
:
Attention is called to special features of these bonds as stated in the
letter of President John L. Norton, viz.': The present net earnings are
very largely in exoess of the interest charge, aud they will beinoreased
to over $204,000 when the proceeds of these bonds h*ve been used as
intended; the cost of the property has been about $1,100,000, and
will be when completed $l,450,J0O. The extension to Chtoauo, already
oommenced, will afford an Immediate market for many times the
power this company could ever furnish. The company is the only one
supplying eleotric light and power in Joliet, from whioh it receives a
net Income of $10,OuO per annum, and in addition has secured or is
assured 15-year contracts to supply power for an aggregate amount
of $9D,M)0. Water supply is from the Des Piaines River, the Illinois
& Michigan Canal and the Chicago Sanitary Drainage Canal.
The company was incorporated in July, 1890, and on Sept. 10, 1901,
it was Increasing its capital stock from $400,000 to $850,uOO.
The Chicago & Joliet Street Railway Co. (owned by the
American Railways Co. of Philadelphia), operates its entire
system of some 35 miles solely with the power purchased
October
THE CHRONICLE.
*9, 1901.]
&
Power Co. Pi ice for bonds first
from the Economy Light
1200.000, pur and interest; these having been eold the remaining $200,000 are offered at 102^ and interest. V. 71, p. 87 88,
Gloucester (Mass.) Water Supply Co.— Purchase by City.
The Commissioners have fixed the price the city shall pay
forthe works at $780,0(0, this amount includirg inter es-thi Oct.
Tbis, it is expected, will be the basis of settlement
1, 1901.
It has
of the long-standing litigation between the parties.
been arranged that this sum V/e paid to the company, but no
agreement has been yet signed. V. 09, p. 442.
—
—
C—
Bonds —The
Co. of Charleston, S.
shareholders will vote Nov. 6 upon issuing $7r>,(00 bonds,
to be secured by first mortgage on all property of the
compaty in South Carolina. Reginald F. Fennell is General Manager and Treasurer.
Gordon Telephone
Gcttlieb-BauernschiuidtStraus Brewing Co.— Nno Secunew securities called for by the reorganization
Maryland Company in V. 72. p. 876, 1037, 10s.:,
are now being delivered by the Mercantile Trust & Deposit
Co. of Baltimore.- V. 73, p. 339, 289.
International Paper Co.— Called Bonds.— The following
bonds, known as Ammonocsuc Lnmber purchase money gold
4s, issued under mortgage dated Sept. 8, 1898, have been
rities.— The
plan cf the
called for payment at the effice of the Continental Trust Co.,
the trustee, on Nov. 8, 1901, at par and accrued interest, v>z
845
Monongahela Water Co.— New
St ck.
Tn« shareholders
No. 1118 CaZflOD St., Pittsburg, Pa.,
on Dec. 5, 1901, to vote upon an increas- of th<- capital <;f the
company to pay for certain water mnin extensions and
meet at the
will
office,
permanent improvements
to the
company's works.— V.
70,
p. 1252.
National Flax Fibre Co.— Stat an.— Three stockholders,
Messrs. Ashworth anel Brainard, of Providence, and
Anderson, of Lawrence, are reported to have taken charge
of the company's affairs in order to devise a plan for finanviz
,
cing the enterprise.— V. 73, p. 85.
National Glass Co.— Called Bonds. — The company will on
Nov. 1, 1901, at the office of the Union Trut-t Co., Pittsburg,
redeem first mortgage bonds numbered from 201 to 410. inclusive, each for $1,000, and dated Nov. 1, 1899, aggregating
$200,000.-V. 73, p. 725, 618.
Nevada (Mo) Water Co.— Sold.— This bankrrpt property
has been transferred under order of the United States Couit
in Kansas City to J. B. Quigley of St. Ljuis, Manager of the
Missouri Water Light & Traction Co.
New England Brick Co. Acquisition.— A press despatch
states that the company has acquired for $'20,000 from the
Grarite State Brick Co. of Epping, N. II., nine tracks of
land in Epping and one in Raymond, in all 258 acres.— V. 71,
,
263.— V. 73, p. 794, 447.
(Lloyd L.) Jackson Co. (Baltimore).— Stock Offered.—
This company has been incorporated under the laws of New
York with $1,000/00 authorized capital stock ($600,000 being
6 per cent cumulative preferred), to establish a dry goods
and notions business, to be managed by Mr. Jackson. All
of the common stock and $250,000 of preferred stock, it is
stated, has been subscribed for at par by Mr. Jackson and
his associates, and the balance ($350,000) of preferred stock
has been underwritten at par by a syndicate, and is offered
by them for public subscription at par until the close of
business Oct. 31, 1901, through the Merchants' Trust Co.,
and by its agent, the Maryland Trust Co., Baltimore, Md.
K nicker hoi kcr Sugar Refining Co.— Bonds Offered.—
This company, recently organized under the laws of New
Jersey with $1 500,000 authorized capital stock, in 5100
shares, all of one class, is receivirg subscriptions for its
$1,000,000 first mortgage 5 percent 20-year gold bonds. These
bonds are of $1,000 each, dated July 1, 1901, and due in 1921,
but subject to call at $1,100 and accrued interest at any time
before maturity Manhattan Trust Co., trustee. The bonds
are offered at par ($1,000 each), with a bonus of $ 500 per bond
in stock. The refinery, which is now being built at Edt emere, N. J., will, it is stated, have a capacity of 1,500 barrels
Eer day, most of which will be taken by the company's stockolders. Cash to the sum of $1,000,000 is still in the treasury
for working capital.— V. 73, p. 289, 239.
La Grange (111.) Gas Co.— Mortgage.— The company has
made a mortgage to the American Trust & Savings Bank of
Nos.
16, 67, 81, 99, 131, 167, 177, 208, 238,
;
!
p. 1123.
Jersey Zinc Co.— New Mortgage.—The company has
New
&
Trust
a new first mortgage to the Farmers' Loan
Co., as trustee, to secure $10,000,000 4 p. c. gold bonds due
The first mortgage of 1897 for $1,700,000
Oct. 1, 1926.
has been canceled. The new mortgage provides for the retirement of old bonds and for extensions, new plants, etc.
The capital stock, $10,000,000, has been receiving dividends
plan for consolidation with the
of 10 per cent per annum.
General Chemical Co. was presented last spring (V. 72, p. 285),
made
A
but
fell
through.- V.
72, p. 823.
—
New York State Telephone Co.— New Company. This
company was recently incorpora'ed at Albany with $2,500,(00 of authorized capital stock, in $100 shares, to operate in
Buffalo and elsewhere at rates rangirjg from $18 to $50 per
telephone yearly. A petition for a franchise is before the
Buffalo Common Council. Directors:
William D. Barnard of Philadelphia, Henry Schaefer of Chicago,
Richard G. Park of West Chester, Pa.; C. M. Clement of 8unbury, Pa.;
Edward Da\ is of Philadelphia, E. M. Yernell of Philadelphia, Ward
P. Biles of Chester, Pa., and William F. Maokey of Buffalo.
Oswego (N. Y.) Water Works Co. Purchase by City.—
The city recently voted to issue $550,000 bonds to provide for
the purchase of this company's plant.
Pacific Mail Steamship Co.— See Atchison Topeka & Santa
Fe Ry. under 'Railroads."— V. 73, p. 235.
Pennsylvania Steel Co.— First Dividend on New PreA semi annual dividend of 3^ per cent has been deferred.
clared on the new preferred stock, payable Nov. 1 to stock of
Chicago, as trustee, to secure $60 000 of 5 per cent 40 year record October 21.
New Director.— John Lowber Welsh has resigned as a dibonds dated Aug. 1, 1901. Ira C. Copley is interested.
rector, and has been succeeded by George F. Baer, the PresiLehigh Valley Brewing Co.— Consolidation.— Th\a com- dent of the Reading Company. Other new directors are:
pany was incorporated recently under the laws of New JerTheodore N. Ely, Superintendent of Motive Power of the Pennsylsey and it is said will own various properties in the Lehigh vania
RR.; P. C.Smlnk, Vice-President and General Manager of the
Valley, including.
Reading Coal & Iron Co Frank J. Firth, President of the Erie WestNuding Brewinc Co.. the AUentown Brewing Co., Joseph Lteber" ern Transportation Co.— V. 73, p. 618, 239.
man's bona and Dant-nVr & Go. of AUentown, flermon Kastenhader
People's Heat & Light Co, Limited, Halifax, N. S.—
of Catasauqua, J W Wldman & Co. of Bethlehem and the Northamp«
—
;
—
.
ton Brewing Co. of Northampton.
The authorized capital stock is $4/00,000, of which $1,000,It is proposed to issue also $1/00,000
000 is preferred.
bonds. Those interested include:
Patr'ek Rubs of Harrifburg, ex-Senator Laubach of Easton, Charles
Lleberman, Francis Daneffer. J. B. Birbenstock of AUentown and
Newton Jackson of Philadelphia.
Massachusetts Telephone & Telegraph Co.— President
Besiyns.—Z S. Holbrook has resigned as President and di
rector of this company and also as Vice-President and director of the Boston & New York Telephone & Telegraph Co.
in order to accept ihe Presidency of the American Electrolytic Co.
The last-named company will shortly begin the
manufactuie of caustic soda, bleaching powder and allied
products at Qhn Rock, N. Y. The " Boston News Bureau "
quotes Mr. Holbrook as saying:
" I have no idea whether Mr. C. W. Morse will push the construction
of a telephone plan in Boston or not. The failure of the Telephone
Telegraph <fc Cable Co. to oarry out Id good faith its agreement to purchasef 6,0OO, 00 of the bonds of the Boston & New York Telephone &
Telegraph Co. with which to do the constructing in Boston and adjacent cliies and towns has wrought an Incalculable irjury to the stockholders of both companies. This was evidenced In the persistent deoUne in the price or the stock of the Telephone Telegraph <fc Cable Co.
under the o^d management, and its subsequent purchase by Mr.
Morse at 50 per cent of the amount of cash actually paid In."
See Telephone Telegraph & Cable Co, below.— V. 72, p. 186.
Mergenthaler Linotype Co.— The net profits of the year
30, as announced at the annual meeting on
Wednesday, it is stated were §2,083,034, as compared
with $1,919,165 in 190u and $1,627,0(17 in 1899. The number
ended Sept.
f offices in the Uiited States using the linotype has increased
during the year from 1,250 to 1,491. Cash on hand, $710,536,
contrasting with $309,076 on Oct. 1, 1900
The dividends
paid during 19U0-1 aggregated 12^ per cent ($1,250,000),
against 20 per cent ($2,000,000) during each cf the two
preceding fiscal years, the extra dividends of %% per
cent each formerly paid with the regular quarteily dividend
of 2% per cent having been discontinued since March, 1101.—
V. 72, p. 535.
c
Default. This company, which in 1896 touk over the business of the Halifax Gas Light Co., is unable to pay the inmajority of
terest on its $700,000 of 5 per cent bondp.
the bondholders have agreed, it is stated, to take no action in
the matter for at least a year.
Pocahontas Coal & Coke Co.— New Company.— Articles of
incorporation for this company were filed tnis week in New
Jersey. This is the soft-coal combination with which Judge
Gary of the United States Steel Corporation is identified, and
which has been in process of formation for some months. It
will take over the properties in the Flat Top Coal Land Association.
These properties, located in the Pocahontas coal
fields of Virginia and West Virginia, known locally as the
Flat Top District, have an output of nearly 6,000,000 tons a
year.
The authorized capitalization is $60,000,000, equally divided into preferred stock, common stock and bonds. The
preferred stock is 6 per cent, non cumulative. All the stock
will be issued at once, but of the bonds only $9,000,000 4 per
cents will be issued at present.— V. 73, p. 295, 142.
Pullman Company.— Earnings.— The results for the fiscal
year ended July 31 as reported by telegraph compare as follows, the property of the Wagner Company being included
since Jan. 1, 1900:
Balance,
Dtridend
Vet
Fiscal
Operating
Total
A
surplus.
year.
expenses, etc. carvings, dtctaied.
revenue,
l&OO-Ol.... $17.99H,981 ^.'-'lO.StO^S.TSti 221 ^.Ui^Se $2,866,335
1899-00
15,0i2,t58 8,399.382 fc,623,476 5,Siy,720 1,103,756
The
total surplus July
31,
1901,
was $7,762,279.—V.
71,
p., 862.
Rochester (N. Y.) Gas & Electric Co.-Nno Officers.—
Former Secretary of State Frederick Cook has been elected
President to succeed the late J. Lee Judson; Charles B. Judson has been made First Vice President and Irvrin R. Judson
Director.— V.
72, p. 143.
l£p*For other Investment New* leePije 856.
THE CHKONICLK.
846
[Vol. iaxiii.
Qotummts.
qxcrrts nn(L
READING COMPANY.
FOURTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNK
Reading Company, General Office,
Philadelphia, October 14, 1901.
To the Stockholders of Rea ling Company
The Board of Directors submit their report for the fiscal
year ended June 30, 190 1, of Reading Company, the Philadelphia & Reading Railway Company and The Philadelphia
& Reading Coal & Iron Company.
The joint operatiot s of the three Companies for the past
fiscal year, as compared with the previous fiscal year, were
ji
:
Reoiipls
$28,314.169 72
Operating Expenses
Net earrings
Insuranoe fund
Equipment renewal
$12,601
Net earnings of three Companies before
payment of Reading Company's dividends and General Mortgage Sinking
Fund
$1,938,000 83
The net result of the business of the three Companies for
the past fiscal year was as follows:
$2,668,087 05
Reading Company.
Income
Expenses
$4,881,443 58
61,507 16
Net earnings
Fixed charges and taxes
4,8 9,936 42
3,278,964 86
1,541,07156
Out
of which was paid:
General Mortgage Sinking
Fund
$366,370 95
Dividend First Preferred
Stock, Sept. 10, 19u0, at
1^ percent
374,735 25
Dividend First Preferred
8tock, Mar. 8, 1901, at 2
percent
560,00000 1,301,10620
Surplus
The
$239,965 36
receipts of the Railway
$233,934 61
650,507 59
1,938,989 45
,c4tf
i.
3D
2,823.431 65
9,777,817 65
9.3H.HH 79
Fixed oharges and taxes
Surplus
Philadelphia
$15,522,463 35 $14,266,735 05
Total gross fixed charges and taxes
of three Companies
$12,859,376 30 $12,328,734 22
15,74 <\92o 4
Improvements
as follows:
1899-1900.
1900-1901.
Total gross receipts of three Companies. $6 2, 143,471 50 $59,124,125 53
Tot. grossexpenses of three Companies. 46,621,008 15 44,857,390 48
1901.
Philadelphia & Reading Railway Company.
}
<
80,
&
"
$566,620 86
Reading Coal & Ikon Compajty.
$2-i,917,858 20
Receipts
Expenses
Netearnings
New work at collieries
$806,307 97
Interest at 1^ per oent on
debt to Reading Company.
Depletion of lands fund (5
cents a ton on coal mined)
25,887 2^3 44
3,030.574 76
886,504 62
2.105,865 48
413,052 89
924, Oa 28
Fixed charges and taxes
369,314 *5
Surplus
555.334 63
Surplus of threeCompanies for year ended June30,190l. $1,361,980 85
Aeoumulated surplus of three Companies from Deo. 1,
,
2.5< 9,743 12
1396, to June 30, 1900
Total surplus June 30.1931
93,871,728 97
Although the surplus is increasing, it is not now available
for distribution without weakening the Company. It is
essential to good management that this surplus should be
held for the time being to fully protect the Company from
unforeseen business contingencies and changes.
The details of the account will be found in the Comptroller's report in pamphlet.
Improvements, insurance, equipment renewals, the new
work at collieries and the payment into the depletion of
coal lands fund have all been charged to expenses.
Notwithstanding the heavy loss of traffic during the strike
in the coai regions last fall, the net earnings of the three
companies increas.d $1,066,297 75 over the previous year.
THE PHILADELPHIA & READING RAILWAY COMPANY.
Company from the several classes of business for the last seven
years (the period in each
case being the twelve months ending June 30) were as follows:
Tear ended June 30.
1900 1901.
Coal Traffic
Merchandise Traffic
Passenger Traffic
Mall
Total P.
&R.
Other sources
Total
1899-19^0.
1893-1899.
1897-1898.
$11,371,202 77
9,750,frOL 77
4,437.849 70
436.034 32
113,994 97
$10,085,70)82
$9,931,895 97
7,824, 8X8 41
4,012.728 77
420.364 58
112,510 23
7.163,169X8
3,877,546 68
389.951 21
112,677 90
726,748 18
$26,109,733 53
793,253 66
$22,456,192 81
546,394 82
$21,475,241 64
611,592 60
$28,344,169 72
$:6,902,987 19
$23,002,587 63
$21,986 831 24
$12,391,307
10,079,427
4,561,392
469,126
116,167
46
41
52
87
28
Ry.... $27,617,421 54
The tonnage of anthracite carried decreased from 10,672,556 tons in 1899-1900 to 10,523,891 tons in 1900-1901, a loss of
148.665 tons, or 1 -39 per cent, and the tonnage of bituminous
coal increased from 4,539.719 tons to 5,018,491 tons, a gain
of 478,772 tons, or 1055 per cent. The revenue from coal
traffic increased from $11,371,202 77 to $12,391,307 46, a gain
of $1,020,104 69, or 8'97 per cent.
Merchandise traffic increased from 14.192,019 tons to 14,535,083 tons, a gain of 343,064, or 2-42 per cent, and the
earnings therefrom increased from $9,750,601 77 to $10,079,427 41, a gain of $328,825 64. or 3 37 per cent.
The number of passengers increased from 21,910,349 to
22,697,295, a gain of 786.946. or 3'59 per cent, and the passenger revenue increased from $4,437,849 70 to $4,561,392 52.
a gain of $123,542 82, or 279 per cent.
Improvements.
The sum of $1,938,989 45 was spent during the last fiscal
year for improvements, and charged to expenses. These
improvements were as follows:
RealEatate
$126,10598
Extension of main, second and third tracks
231,254 21
Passing and lay-off sidings; cross-over tracks
167,419 73
Yard tracks, depot tracks, coal yard tracks, manufactory
tracks
248,790 26
Steel and iron bridges, stone bridges and culverts
85,638
Interlocking plants and signals
257,558 94
Passenger stations and sht Iters, freight stations, water
and fuel stations
343,900 05
Shop and engine houses; turntables
78,956 82
Docks and wharves
37e,613 06
Sundries
22,7f'2 29
1
$1,938.9,-9 45
The
principal items of real estate purchased were the land
required for the improvement of the passenger and freight
facilities at Harrisburg, land for the railroad yard in the
vicinity thereof for the exchange of cars with connecting
lines, land at Phoenixville for a new freight house, land for
the new interlocking plant on the Richmond Branch, and
1896 1897.
$9,535,676
6.455,030
3,763,890
377,539
103,157
77
63
07
21
51
1894-1895.
1895-1896.
$9,706,230
7,141,240
3,994, 28
38 1, 182
100,780
28
2.1
»0
17
$9,759,037
6,402.666
4,011.713
368,060
02
63
59
61
15
97,73186
$20,235,294 19
511,570 13
$21,324,761 42
656,863 82
$20,639,209 71
542,937 34
$20,746,864 32
$21,931,625 24
$21,182,147 05
small pieces of land at various points required to avoid
grade crossings, for additional right of way, and for extensions of tracks referred to below.
The principal items of track extensions were, the additional second and third tracks upon the Philadelphia Harrisburg & Pittsburg Railroad, the construction of the second
track upon the Little Schuylkill Railroad, the construction
of a third track and Y connection between the Main Line and
the Wilmington & Northern Branch near Birdsboro and
of the connection north of Reading between the Main Line
and tbe Reading Belt Railroad.
The principal expenditures for passing and lay-off sidings
were made upon the New York and the Lebanon Valley
Branches, on both of which the traffic continues to be very
heavy.
The yard tracks in course of construction at Rutherford
near Harrisburg, the new railroad yard at Thirty-second
and Master streets, in Philadelphia, and the re-arrangement of the tracks at Wayne Junction, in connection with
the other improvements at that point, together with the
additional tracks required by some of the manufactories at
various points upon the line, account for a large part of the
expenditures for yard, depot, coal yard and manufactory
tracks.
The increase in the mileage from the expenditures for
track extension, etc., was as follows
:
Length of Road
"
" Second Track
«•
" Third and Fourth Tracks
"
" Sidings and Lateiats
39 10
Total increase In mileage
53 -40 miles.
-12 miles.
6-50
768
•*
"
"
The larger part of the cost of replacing the bridge over
the Richmond Branch at Fairhill Junction was paid for
during the past year, as well as the whole cost of replacing
the bridge over Stony Creek at Norristown. In addition
thereto considerable sums were paid for substituting fixed
OCTOBU
THE GHKONICLK.
19, 1901.]
roan tor open draw over canal feeder ;it 7ardley, on the
New York branoh, and tor tha new bridges requirt d in <-<>n
aeetion with the work already referred to on the Little
tuylkill Railroad and the Philadelphia Harrteburg -v
Pittsburg Railroad.
The Inter looking plants and signals paid for during the
past par covered the installation <>f signals from Fort
Washington bo South Bethlehem on the North Penn branch
and from Swing to Hamilton and at Other points on the
New York division, and on the main lineal West Falls. A
large part of the work of protecting the line between Reading and Harris- urg with signals was also done last year,
and it is expected that he work will be completed by the
Other work of a similar character
first of October, LB01.
has been dune at various points on the road where it was
most needed.
The larger expenditures for passenger stations were made
The freight stations
at Wayne Junction and at Lebanon.
at Thirty 3eoond and Master streets. Philadelphia, tho new
track tanks and pump house at Yardley, the coaling sta
tion, engine house, etc., at East Penn Jiinction, the coaling
stations and ash dumps at Trenton and Lehigh avenues,
Philadelphia, and the water facilitiesat Port Reading Cross
ing. constitute the principal items of expenditures for work
of that character.
A new engine house and ashpit were constructed at West
Milton, and additional boilers, etc.. were put in the car repair shops at Reading, which consumed the larger part of
the expenditures in their class.
All the expenditures on docks and wharves were made at
Port Richmond in connection with the ocean business.
Williams Street station at Pier A was purchased, and the
new covered freight pier C was completed. The construction of the new covered freight pier D was continued, but
considerable work still remains to be done before this pier
will be ready for operation.
IN8URANCE FUND.
The sum of §233.934 (51 together with the interest received
from investments in the fund amounting to $2.6 8 54, making a total of $236,553 15, was contributed to the Insurance
Fund during the past fiscal year, out of which losses from
t
,
1
fire
or marine disaster
amounting
to $6,465 66
were paid,
leaving a balance added to the fund for the year of $230.087 49. The balance to the credit of the fund at the end ot
the vear is $397,419 64. consisting of securities valued at
$296,754 68. and cash amounting to $100,664 96. which is on
deposit separate and apart from the other funds of the Company.
Equipment Renewals.
The amount expended during the past year for equipment
renewals was $650,507 59. These renewals were made in
pursuance of the covenants in the leases (under which the
347
-ling
Philadelpbi
Railw
all
equipment, railroad and marine) to m
and repair, and ton place iny thai might
it
.r
become
unfit for use.
IMI'KOVI.UI
II
I
Ml
I.
A
I
I
l<.
At Hai isburg, « hei
contemplated for some time.no further pro
i
made than
^
kx
i
i
i
of the
in
ota hai
the purchase of the real estal
•
therefor.
i
Plans how- v.-r, are being prepared for the new frei
lion and
house and yard and for the new pass,
initial, and the work of construction will be commeu
within a short time.
\
large amount of work has been done during the pi
rear at the new Rutherford ) aid near Harrisburg, ;' d
tracts have been made for the construction ol tin
ary
tc, pumping station, and ot
roundhouse, turntable.
necessary appliances.
New passenger stations are contemplated at several points
where the preseLt facilities are inadequate, or where, by
reason of adjacent improvements, the present accommodations are rendered inaccessible or dangerous. These new
structures, however, will not involve any large expendi:
,
.
tures.
Ocean
Bi -ines*.
The following statement shows the growth of the busin
shipped from Port Richmond, whether to domestic or foreign ports, in several of the leading items
.ar.nded Junt 30-
1900-01. ISftfl 00.
1.22P.871 l,218.3:-o
.Mttix-liaiulise- tons 2.000 lbs
l.H49,Z«9 1.73M.231
Anti.racin— ton* 2.240 lbs
MUuiulncus Coat -tons 2.240 lbs... 1,024,874 826,36*
1
181
:
MU9. 1867-W8. 1896
800 i:y
Ho 2*1
07.
*V>~.iL
712,*.' 9
l,4Wii.62() 1,881
M^80,307
8*',S91
!
666.H19
During the same years there were shipments as follows
from Port Richmond to rail points, mostly on the lines of
the Philadelphia & Reading Railway:
1900-1.
17./ ended Jim- 3"—
Merchandise and Iron Ore— tons 2.000
1899-0. 1898-9.
1897-8.
1886-7
";i2.478 (182.069 271.286 265.879 t81.030
lb*
The large decrease in business from Port Richmond in the
years 1897-8 and 1898-9 was due mainly to the greatly lessened importation of iron ore.
Reading Belt Railroad.
The construction of this railroad has been continued during the past fiscal year, and it is expected that it will be
completed before the end of the year 1901.
Locomotive Shops.
The new locomotive shops at Reading have not yet been
completed, but the work is progressing as rapidly as possible.
Eocifjient.
and floating equipment has been fully kept up,
the valuation and the capacity being both larger than when
the reorganization was made, as the following statement
will show
The
rolling
ROLLING AND FLOATING EQUIPMENT.
June
No.
Looomotive Engines and Tenders
Revenue, Freight Cars
Passenger Cars
Work
Cars.
878
33,90'
803
951
Yatuation.
Capacity, Lbs.
15,347,58:
1,855,688,400
17,526,400
Total Rolling Equipment
Steam
Colliers
and Tugs.
Coal Barges, etc
December
30, 1901.
No.
791
16,302,876 00 28.V04
723
2,395,274 00
69e
36^.780 00
$5,0r>2,6t8 On
1,
1896.
Capacity, Lbs.
12,295,946
1,336,049,600
9,281,760
24,113,598 00
l,000,5f0 00
1,613,825 00
23
96
Total Floating Equipment.
This increase of average value of the several items has
the fact that in each class of equipment the new
locomotive, car. tug or barge is larger and more costly than
the old ones were. As of June 30. 1901, in comparison
with December 1, 1896, the average value of all locomotives
has increased from $4,906 to $5,755; the average value of
freight cars producing revenue has grown from $1583 to $4*1
the steam co Hers and tugs, whose average value in 1*90
was $41,533, was on June 30, 1901. §43,502, and the average
value of barges, which was $7,930. had increased to $16,810.
The decrease in numbers of the last item has been caused
by putting out of service 49 canal boats of a capacity of 200
toDS each: to offset which loss there have teen added to the
fleet 21 barges, each of 1,500 tons capacity.
The total value
of the rolling equipment in our possession, including that
owned aDd that leased, has increased from $16,990,856 19 as
of December 1, 1896, to $24,113,598 as of June 30, 1901. and
the value of floating equipment has increased during the
same period from $1,439,850 to §2, til 1,875, making a total increase of value of $8,297,266 81.
Thi6 increase has been contributed
By the Rearing Co. from proceeds of Sale of Securities. $2, 359.857 76
By Reor^aniz ttion Committee
& 1.0(0 On
By Car Trusts
5,431,32765
By Wi mlogton <fc Northern RR. Equipment under Lease 347,^27 83
By Philadelphia i Reading Railway Co
67,^54 07
$8 .297,2 £6 81
The above stated sum of $67,854 07 contributed by the
Philadelphia & Reading Railway Company will be reimbursed to it by Reading Company. The equipment, represented by the item of Car Trusts, includes the balance of
$3,880,lb0
10,781,322
2.108,344
221,000
00
00
00
16,990.856
9
19
1*
6'23,e00 00
103
816,850 00
2,614,375 tO
come from
Valuation.
1,439,850 00
the equipment referred to in the previous annual report
having been arranged for through the issue of a Car Tru^t,
now known as series A, and also a portion of the equipment
which has been provided for by an agreement to issue, on
September 1, 1901, $3,200,000 Railroad and Marine Trust
Certificates bearing &% per cent interest per annum and redeemable in equal semi-annual instalments during the next
eight years.
Arrangements for necessary additional equipment have
already been made. All of these expenditures for additional equipment, by the Issue of Car Trusts, will ultimately be provided for by the issue of General Mortg;
Bonds reserved for that purpose.
PERKIOMEN RAILROAD COMPANY.
In order to adjust the indebtedness <>! the Perkiomen
Railroad Com pan v which had been incurred many years
ago, and to which the Reading Company had succeeded,
the Capital Stock of the Perkiomen Railroad Company a
increased from $87,500 to $1,500,000.
CENTRAL RAILROAD COMPANY OF NEW JERSEY.
1901, Reading Company purchased 145,000
In January,
shares out of a total of 272. 13b shares of the capital stock of
the Central Railroad Company of New JVrsey— the price
Tins sum was paid by the sale of
paid being $160 per share.
and 31. 275 Second Preferred
Shares
90.353 First Preferred
shares, and the issue <> s23.000.000 4 p r cent Collateral
Trust Bonds due in 1961, which were secured by the deposit
of the 145,(00 shares of the Capital Stock of the Central
Railroad Company of New Jersey. 29,900 shares of the capir
THE CHRONICLE.
848
Perkiomen Railroad and 4,400 shares of the
capital stock of the Port Reading Railroad Company.
The acquisition of the control of the Jersey Central is not
only of enormous advantage because of the additional facilities given to the system, but through this acquisition the
Reading Wy^t-m now owns and controls about 63 per cent of
all the unmined anthracite coal in the State of Pennsylvania.
On April 12, 1901, the President of the Reading System
was elected President of the Central Railroad Company of
New Jersey.
tal stock of the
[Vol. LXXIII.
&
of the Coal
Iron Com pan v. The total sum of interestbearing securities and cash In this fund is $1,191,054 01. It
will be used from time to time for the acquisition of additional coal properties and the construction of collieries
whenever such acquisition or construction is considered essential to the business interests of the Company and for the
several business necessities of the Company not otherwise
provided
for.
An agreement was made
during the past year under
which the extension of the P. & R Collateral Sinking Fund
Loan which matures February 1, 1902, has been guaranteed.
Under this agreement the date of the maturity of the
ATLANTIC CITY RAILROAD COMPANY.
bonds is extended to February 1, 1932, the interest is to be
The interests of The Atlantic City Railroad Company in
reduced from 5 to 4 per cent per annum, and the sinking
the development of the seashore business south of Atlantic
fund is to be reduced from an average of $72,000 per anCity, on the New Jersey coast, having been fixed by its
num
to the fixed sum of $30,000 per annum.
lease of the lines leading to Ocean City, Sea Isle City and
READING COMPANY.
Cape May, it was decided to place The Atlantic City Rail
road Company in a position where its control over these
The amount of General Mortgage Bonds outstanding was
lines would be absolute and where it would be unhampered increased during the year $1.268. odd, making the total bonds
by obligations which might hereafter become burdensome. outstanding en June 80, 1901, $66,262,000, as shown by the
With this object in view, Reading Company purchased balance sheet of Reading Company. This increase is acthe stocks of the Seacoast Railroad Company counted for as follows:
the stock of the Ocean City Railroad Company, as Drawn to retire Divisional Goal Land Bonds and bond and
mortgage on real estate of The Philadelphia & Reading
well as some of the bond issues of these companies, and thereCoal & Iron Company, wbioh matured during th year
$83,000
upon promoted the consolidation into Atlantic City Railroad Deli
v -red to Reading O 'mp^ny in pursuance of the terms
Company of the original The Atlantic City Railroad Comof the General Mortgage, for new acquisitions and betterpany, the Seacoast Railroad Company, The Ocean City Railments, and in the treasury of the Company, as stated below
1,500,030
road Company and The Camden County Railroad Company.
under the terms of the General Mortgage, on acBy means of this consolidation the open accounts held by Drawn
count of an equal amount of The Philadelphia & Reading
Reading Company against The Atlantic City Railroad ComRailroad Oomoany 10 year Sinking Fund bonds, which
have been paid and oanceled during the year out of the
pany and The Camden County Railroad Company have
proceeds of the Sinking Fund of that loan
73,000
been adjusted and provision has been made for the future Drawn
under the terms of the General Mortgage, on acrequirements of the Atlantic City Railroad Company.
count of mortgage on real estate of Reading Company,
large amount of money was spent during the past year
which was paid and satisfied
3,000
in re-ballasting the south-bound track of the Atlantic City
Railroad with stone ballast and replacing a large number Less amount of General Mortgage Bonds purchased and$1,659,000
of the ties which had become worn out, and laying heavier
oanceled out of the proceeds of the sinking fund
391,000
rail on the north-bound track.
All of the funds tor these
$1,268,000
{mrposes and for other improvements and additions which
Of the General Mortgage Bonds referred to as having
lave been made, in the way of the extension of main track,
the construction of passing, lay-off, manufactory and other been issued during the year, the $83,000 drawn to retire the
sidings, for interlocking plants and signals, for passenger Divisional and Real Estate Mortgage bonds of Ihe Philadeland freight stations, have been provided out of the earn- phia & Reading Coal & Iron Company, were delivered to
ings.
Additional improvements are in contemplation dur- the Reorganization Syndicate, which provided the funds to
ing the current year, which will be paid out of the earnings take up the maturing bonds; while the $73,000 drawn to
The provision made in the consolidation for additional retire The Philadelphia & Reading Railroad 10-year Sinking
capital places the Company in a position where it can avail Fund Bonds and the $3,000 drawn to retire the real estate
itself of any opportunity that may occur to develop and mortgage, as well as the $1,500,000 delivered for new acincrease its business and to introduce methods for facil- quisitions and betterments, are in the treasury of the Com
pany.
itating and more economically conducting its operations.
Dividends.
THE PHILADELPHIA & READING COAL & IROS COMPANY
On August 6, 1900, the Board declared, out of the surplus
The total production of anthracite coal from lands owned earnings of Reading Company, a dividend of \y2 per cent
and leased by the Philadelphia & Reading Coal & Iron Com- upon the first preferred stock, which was paid on Septempany in the year 1900-1901 was 9,253,974-08 tons, an increase ber 10, 1900, and on February 6, 1901, the Board declared,
of 34,209*09 tons over the production of the provious year, out of the surplus earnings, a dividend of 2 per cent upon
or 37-100 of 1 per cent, the production of the whole region the First Preferred stock, which was paid on March 8, 1901.
having decreased in the calendar year 19 JO about 5*4 per Upon the declaration of the last-named dividend, the Comcent over the production of the year 1899. The decrease in pany paid to the Trustee of the General Mortgage $366,the production of the whole region resulted entirely from 370 95, being the amount required for the sinking fund, and
the strike of the miners in September and October of the representing five cents per ton on all anthracite coal mined
year 1900.
during the preceding year from lands owned by The PhilaThe coal purchase aggregated 967,434"11 tons, a decrease delphia & Reading Coal & Iron Company and pledged under
of 15^,032 09 tons, or 14 per cent, and the sales amounted to the General Mortgage. This sum of $366,370 95 was also
9,100,516 tons, a decrease of 278,911 tons, or 2-9 per cent over paid out of surplus earnings and was applied by the Trustee
the previous year.
to the purchase of the 39 ,000 General Mortgage bonds reThe cost of coal mined and purchased for the year was ferred to above, which bonds have been canceled.
$1 82 3-10, which is 15 6-10 cents higher than the cost for the
General Mortgage Bonds.
previous year. This increased cost resulted from the inOctober 5, 1900, Reading Company certified, as proOn
crease in wages of employes, taking effect from Oct. 1, 1900.
vided in the General Mortgage, to the Trustee thereof to
The collieries and all their appliances are in thoroughly the application of the $1,500,000 General Mortgage Bonds,
good order.
which, as stated in the annual report of 1900, has been deThe total sum expended for colliery improvements, etc., livered to'it for new acquisitions and betterments. These
for the past fiscal year was $806,307 97, as against $750,498 63
new acquisitions and betterments consisted of:
for the previous year.
$663,119 13
Equipment...
All work done at the collieries and all additions made to for construction upon properties of Philadelphia &
their structures and also the improvements at the Com396,536 58
Reading Railway Company
pany's shops at Pottsville have been charged to the cost of For c nstruoMon upon properties of Port Reading Rail11,223 07
road Company
coal.
For construction upon properties of The Delaware
The funded indebtedness of the Coal
Iron Company has
153,449 90
River Ferry Compxny of New Jersey
been reduced this year by payments on account of the
$1,224,328 63
principal of the following loans
221,419 46
Add balance from previous certificate
Divisional Mortgage Bonds
$20,000
P. & R. Collateral Sinking Fund Lian
$1,445,748 09
71,000
Bonds and Mortgage on Real Estate
62,000
All the property thus acquired which did not become
leaving a balance still outstanding of Divisional Mortgages directly or indirectly subject to the General Mortgage has
$380,000, the larger part of which mature in 1904; of Collat- been conveyed to the Trustee 'by a special supplemental
nearly
and
all of
all of
-
A
-
&
.
Fund Loan, $1,484,000; and of bonds and mortgages on Real Estate, $55,000. These bonds were paid by
the issue of General Mortgage bonds, and credit was given
eral Sinking
mortgage.
Reading Company for the amount issued.
The General Mortgage requires Reading Company to
create a sinking fund of five cents a ton on all coal mined
before the payment of dividends but it was heretofore determined to set aside annually an additional five cents on
each ton mined so as to make reasonable provision against
the depletion of the Company's estate. In furtherance of
this policy the sum of $413 052 89 was set aside from the
earnings of the Company for the fiscal year. This sum was
not invested at the close of the fiscal year, and therefore is
included in the item "Cash on Hand" on the balance sheet
Upon the filing of the certificate referred to, the Trustee
delivered to Reading Company the $1,500,000 General Mortgage bonds stated in the preceding paragraph to be used for
further acquisitions and betterments.
On April 3, 1901, Mr. Joseph S. Harris retired from the
Presidency of the three Reading Companies and Mr. George
F. Baer was elected in his place.
The management extends its thanks to all the officers and
employes of the several Reading Companies, with th-? assurance that their faithfulness to their duties and their loyalty
to the service will always be appreciated.
By order of the Board,
GEORGE F. BAER. President.
to
;
October
THE CHRONICLE.
19, 1901.]
HEADING COMPANY- BALANCE SHEET, JUNE
DR.
Amount.
Raileoad Equipment—
Amount.
Total.
General Mortgage Loan, 1 S97-1H97....*06. 2b*. ooo 00
Bonds and Mortgages on R-al Estate.. l.oi-.iuo 59
500,000 00
Delaware River Terminal B >uds
808,000 00
Delaware River Terminal Ext. Bonds..
1, 295.00 J 00
Wllin.A No. RR Co Stock Trust Cert
Reading Company— Jersey Central Col23.000.00000 $92,914,190 59
lateral Gold Bonds
Floatimq Equipment —
2,107,660 00 $20,708,728 41
Colliers, Barges, etc
CR.
30, 1801.
Total.
$18,601,078 41
Loooinotive Engines and Cars
Mii
.
16.M6.199 46
747,61205
262,711 99
Real Estate
New Equipment
Mortgages and (! round Rents
Bonds—
Philadelphia
& Reading Railway
20,000.000 00
18,208,893 21
Company'* Honda
Bonds of sundry oonipanies
Contingent Aooount (for unadjusted
matters In connection with fore-
Stocks—
Philadelphia
A
Reading
Philadelphia
Ikon Co
Clkuknt
20,000,000 00
A
Current Business
Iron
8,000,00000
51,060,04188
Accrued
79,060,04188
J. P.
&
78,798,653 83
Philadelphia a. BEADING R'way Co.:
Aooount Bonds and Mortgages re47,500 00
1,059,708 12
tired
Cash
Cent. Trust Co. of
New
York, Trustee
Accrued Income
Real Estate (Current Year)
.Current Business
Philadelphia A Reading Railway Co.
Interest, Taxes, eto (est.)....
Morgan A
38,721 13
485,175 25
66,000 00
824,000 00
623 41
1,227,935 95
1,541,071 56
2,769,007 51
From which deduot—
Sinking Fund General
701,336 63
3,704 21
232,611 88
1,550 95
20,635 43
16,244 09
Mortgage Loan
$366,370 95
Amouutof Dividend paid
September
5,
1900
374,735 25
Amount of Dividend paid
March
976,238 19
8,
560,000 00
1901
$236,386,335 14
PHILADELPHIA & READING RAILWAY COMPANY-BALANCE SHEET JUNE
Amount.
Railroad
Philadelphia Terminal
Philadelphia Sub way
RR
Amount.
Prior Mortgage Loans
Consolidated Mortgage
Loan
Improvement Mortgage Loan
Con. Mtg. Loan, 1882-1922, 1st Series.
Con. Mtg Loan, 18-13-1933, 2d Series.
Debenture Loan, 1891-1911
93,277 21
6,000 00
346,640 50
)
OR.
30, 1901.
Total.
$79,851,857 54
8,500,000 00
2,700,000 00 $91,051,857 54
Real Estate
Mortgages andGround Rents
Leased Equipment (W. A N
1,467,901 31
1,301,106 20
$236,386,335 14
DR.
523,896 38
Co. (Aoc't Philadelphia
Reading Coal A Iron Co. Bonds)...
General Mortgage Bonds Purchased
and Canceled
Sinking Fund General Mortgage Loan.
8i mil s to Junk 30, 1900
Surplus Year ended June 30, 1901.
a reading Coal A
Sundry Railroads, Etc
Current Assets -
599,823 45
closure sale, etc)
Li ahilities—
Railway
Company's 8t« <k
Philadelphia & H -adlug Coal
Company's BtooK
Stocks of sundry companies
2-1,000,000
42,000,000 00
70.000,000 00 140,000,000 00
Common Stock
38,208,893 21
00
First Preferred Stock
Seoond Preferred Stock
Purchase Money Mortgage
Total.
$5,241,700 00
18.811,000 00
9,363,000 tO
5,766,717 00
1,535 00
8.500,000 00
20,000,000 00 $67,683,952 00
Subway Loan
Bonds and Mortgages on Real Estate
2,700,000 00
632,405 54
20,000,000 00
Philadelphia
I
Capital Stock
CURRENT ASSETS.
Cash
Receivable
Freight and Toll Bills
Materials on hand
Railroad Companies
Individuals and Firms
Real Estate (CurrentYear)
Bills
Deposit acct Insurance Fund
Insurance Fund Securities
O 1RRENT LIABILITIES.
1,363,895
1,823
1,522,450
2,116,998
1,199,088
Unpaid Vonchers and Pay Rolls
Railroad Companies
Phila. A Reading Coal A Iron Co
Individuals and Firms
Rents Matured
Interest Matured
54
25
55
63
35
511,675 08
77,483 13
6,793,414 53
Rent, Interest. Taxes,
etc.,
Acorued.
Reading Company
81,710 90
296,754 68
378,465 58
New
Locomotive and Machine Shops,
Readlug
631,702 85
116,397 40
67,864 07
Deposit acct. Subway Loan
New Equipment
2,428,779 88
972,319 90
285,008 63
251.4r9 07
261,139 50
107,213 80
1,270,973 62
16,244 09
Subway Sinking Fund
Insurance Fund
Equipment Fund
116,397 40
397,419 64
399,971 23
Wilui. A Northern RR. Co. Equipment
.'
acct. Lease
Read. Co., acct. Bonds A Mtgs. retired
Surplus June 30. 19o0
745,309 20
estimated fixed
1, 1896, to J uii 30, 900
256,244 82
Add
346,640 50
47,500 00
to adjust the
charges Deo.
•
1
Surplus for Year Ended June
1,001,554 02
30,
1901
566,620 86
$99,485,609 68
CAPITAL AC COUNTS.
Coal Lands
Timber Lands
New York and Eastern Depots
Western Yards and Depots
Miners* and Other Houses
Pottsviiie Shops, Real Estate and Improvements
Storage Yards and Washerles
Other Real Estate
Improvements at Collieries
Equipments at Collieries
Dead work at Collieries
Stocks and Bonds of Companies Controlled
Amount.
Totul.
CAPITAL ACCOUNTS.
$60,748,473
659,9S5
708,502
688,970
543,187
23
00
19
97
67
369,666
399,111
117,787
7,078,690
2,802,467
3,711,477
99
05
58
32
63
31
30, 1901.
Amount.
Divisional Coal Land Mortgage Bonds—
Chandler Coal A Mining Co, Loan,
1872-1902
Little Sohuyl.Nav. Co. loan.1882-1902
JohnH.Krause Loan, 1834-1904
Leonard Reed Loan, 1893-1903
$85,500 00
72,000 00
206,000 00
16,500 00
$380,000 00
Coal Trust Five-Ten- Year Gold Loan,
Due
April 1, 1904
P.AR.Col. Sink. Fund Lian. 1892-1902
Albright Mort. Loan, 1892-1902
3,600,000 00
1,484,000 00
65,000 00
9,791,991 10
$87,075,291 04
ASSETS.
Cashonhand
Bills Recei vable and Loans
Coal Accounts
Bent Accounts
Companies and Individuals
Coalonhand
Supplies and materials on hand
Depletion of Coal Lands
Fund,
Stocks.
J
l
Cash
Securities...
Bonds and Mortgages
A Reading Railway Co.,
Current Account
Philadelphia
OR.
Total.
5.139.000 00
8.000,000 00
78,798,663 83
Capital Stock
CURRENT
1,568,174 88
$99,485,609 68
TH E PHILADELPHIA & READING COAL A IRON COMPANY-GENERAL BALANCE SHEET JUNE
•P&
5.593,148 49
Reading Company
CURRENT LIABILITIES.
Pay rollsand Vouchers
864,890 25
469 686 98
3,032,858 84
29,903 97
429*398 73
1,056,991 52
544,961 17
Due
Due
for Coal Purohased
for Royalty on Coal Mined
Freights and Tolls Due Foreign Roads.
Companies and Individuals
Interest Due and Uncollected
Interest and Taxes Acorued
798,834
257.120
90,429
67,127
103,118
20,952
200,082
65
30
06
39
33
50
29
6,423,691 46
2,908 67
1,537,664 52
and Loss
and Lobs
1901
Profit
Profit
775,092 45
778.001 12
121,934 98
to June
for year
30,1900
ended June 30,
280,253 15
555,391 63
835.647 78
287,047 53
$94,690,966 13
$94,690,966 13
THE OHKONICLK.
850
A READING RAILWAY CO. AND PHILADELPHIA
CONSOLIDATION OF INCOME ACCOUNTS FOR TI1K YE4R KNDKI) .ICNI.
COMPARISON WITH YEAR KNDKI) .11 NK 30, 1900.
READING COMPANY, PIIILADKLPHI A
BEADING <"OAL
<fc
.000-1901.
IRON
<fc
00.
\NI>
1991,
:to,
LXXIII.
Vol..
I
1899 1999.
Reading Compxmy.
Income from F
R. Ry. (Jo.:
Interest on Purchase Money Mortgage
Interest, Account. Leased Lines, etc
Rent Delaware River Wharves
Rent 01 Equipment
</•
1
'
|
$i,20o.orooo
£>75,62l 30
50,000 On
1.542,000 00
$1,200.000 00
426,190 75
50,0<
1,.«
0C0
02,000 00
$3,367,621 SO
From Other
1,178,190 75
Source*:
Rr;il Est » to Rented
Interest <fe Divld. Receipts $S08,789 46
Int.on debtof P &R.C <fci.Co.886,504 62
Schuylkill Canal.
$94,317 17
$98,960 91
1.395,294 08
24,211 03
1,044,107 1»
lr),i35 44,
1,513,822 28
1,158,303 63
$4,881.443 58
61,507 16
Expenses.
$4,336,49' 28
3b,379 90
$4,819,936 42
Phila.
& Reading Railway
$4,300,114 38.
Co.
Receipts:
Prom Railway Traftio
From other eources, net
$27,617,421 54
726,748 18
$26,109,733 53
79:J ,253 66
$28,344,169 72
$26,902,987 19
Expenses:
Opera ing
$15,742,920
233,934
650,507
1,938,989
1
Insurance
Equipment Renewal.
Improvements
45
$14, 534.065 05
•222.279 /2
61
59
f>
4?
93. 287 72
1,903,797 24
18,566,352 07
P.
&
17,253,429 23
9,649,557 96
9,777,817 65
R.
Coal and Iron
Co.
$28,917,858 20
Receipts
Expenses:
Operating
$27,884,644 06
$26,300,336 33
New Work
$25,932,232 54
806,307 97
886,504 62
at Collieries
Interest on Debt to Reading Co.
750,4^8 63
884,850 18
'27,993,148 92
Net Reoeipts.
27.567,531 35
924,709 28
317,062 71
$15,522,463 £5
$14,266,735 05
Fixed Charges and Taxes:
Reading Company
Fhila. <£ Reading Railway
On
On
3,278,864 86
Secuiities, etc .payable to Public.
Securities
Fhila.
dt
owned by Reading Co.
Reading Goal
<£
2,964,637 60
Co.:
$5,843,575 4°
3,367,621 30
$5,726,058 01
3,178.190 76
9,211.196 79
369.314 65
Iron Oo
Surplus
Fixed Charges and Taxes, as above
Less income of Reading Co., included in fixed charges of Ry.
Co., as above.
Net Fixed Charges and Taxes
8,904.248 76
4 59,847 86
12.859,376 30
12.32B.734 22
$2,663,087 05
$1,938,000 83
$12,859,376 30
3,367,621 30
$12,328,734 22
3,178,190 75
$9,491,755 00
$9,150,543 47
WISCONSIN CENTRAL RAILWAY COMPANY.
SECOND ANNUAL REPORT-FOR THE FISCAL YEAR ENDING JUNE
To
the Stockholders of the Wisconsin Central
Railway
CAPITAL STOCK.
Co.:
Your Directors submit the following report of the operations of the Company for the year ending June 30th, 1901:
GROSS EARNINGS.
From Freight
From Passengers
From Mail, Express and
$3,879,046 7 1
1,1*0,762 8*
264,465 03
Miscellaneous
Total
$5,324,274 58
Operating Expenses (65*11 per cent of the Gross Earnings)
3,466,463 39
Net Earnings
Other Income
$1,857,811 19
20,919 95
Total
Taxes accrued
,
Balance
Rentals accrued
Interest aocrued on Bonds
30, 1901.
The balance sheet for the fiscal year ending June 30th,
1900, showed Treasury Stock (Voting Trust Certifi$4,452.999 96
cates) on hand
which was stated to include $219,061 41 of Preferred and $1,219,916 45 of Common to be de.
livered under existing agreements, and
$343,625 15 of Preferred and $149,266 87 of Com-
mon
reserved for future purchase of underlying securities.
The amount stated also included 100 shares of
Common Stock not covered by the Voting
Trust, but reserved for the purpose of qualifying Directors
Treasury Stock was divided as follows:
$1,564,395 64
Preferred
$1,878,731 14
2)3,115 73
Common
$1,665,615 41
The changes in this Treasury Stock for the
year are as follows
$332,829 49
2,888,604 32
$4,452,999 96
:
1,086,668 56
Preferred Stock—
Total Fixed Charges
1,419,495 05
8urplus
Surplus brought forward from last year
$246,117
6
42,1C8 20
c
Total Surplus June the 30th, 1901
$288,285 56
From this surplus there has been appropriated by the
Boarn of Directors in part payment of the cost of improvements for the year
11,350 42
Leaving a Net Surplus to be carried forward
$276,935 14
MILES OF ROAD.
The
total number of miles of railroad In operation at the close
of theflecat year was
982-23
he
average mileage operated during the y ear was
1
95 u 07
and the
statistics of this report are
mileage.
based on such average
Delivered to Reorganization Managers
under agreements refnrredto...,
$219,000 00
Issued in connection with the purchase
112,500 00
of the Marehfleld & Southeastern RR.
$331,500 00
Common Stock—
Delivered to Reorganization Managers
under agreements referred to
$1,196,480 25
Issued in connection with the purchase
337,500 00
of the MarBhfield & Southeastern RR.
1,533,980 25
Total
$1,865,480 25
Balance
$2,587,519 71
Less 25 shares of the 100 shares of Common StocK referred to as reserved to
qualify Directors
2,500 OO
Leaving in the Treasury June 30th, 1901
$2,585,019 71
OUTOBEK
THE CHKON1CLK
19, 1901.
851
FUNDED DEBT.
BQUIPMUI
following amounts of Firit
Ou the 30th of June,
General mortgage Bonds of tins Company were in the hands
of the Trustees of that mortgage
^2,305,000 00
Bonds to the amount of
idOO, th*»
:
1901,
etc.,
90 J .0o
00
Tbeoostof air brakes, etc., applied to thi
together with the oosi of fitting them for Ben ln< aftei their
ipt, amounting to $7,441 96, lias been paid in c
One steam mIiovcI attracted lor in the previwii
ar
was delivt red during his yi ar and the balance due Upon the
same, amounting to $0,0 2 22, was paid in cash,
.
I
1
'i'litt
touil
This
HKCDKITIE8.
for the fiscal year to
Improvement and
amount was provided
$306,002 23
for as follows:
From proceeds Firs'. General Mortgage Bonds. $372,209 10
From cash received from Reorganization Man-
per cent Bonds. dat«d May 1st, 1901, and maturing
April 30th, 1951, w reissued to the amount of
$450,000 00
522,413 71
11,350 42
agers
surplus
From
LAND DEPARTMENT.
MARSHFIELD A SOUTHEASTERN RAILROAD.
the transactions of
tlie Land Department foi the year.
From these It appear* that the total quantity of land sold amounted to
27,338 89 aores for.
The average price per aore being
tfive
This road, comprising 320! miles of main line and 504
miles of side track lying between Marshtleld, Wisconsin,
$151, 399 28
5 85
154.555 03
where it connects with this Company's main line,
Nekoosa Wisconsin, was purchased during the year.
purchase was made as of April 1st, 1901, and possession
122,237 49 assumed on the first of May. at which time the road
The sale of town lots and stampage amounted to
The royalties aoorued during the year from Iron ore
mined from the Company's lands amounted to
The gross cash receipts from lands, lots, stuinpage.
property of the Marshfield
royalties, deferred payments. Interest on deferred
payments, rents and trespass w>-re
The expenses of the Land Department, Including taxes
and the cost of oaring for the property, were
&
Southeastern Railroad
and
The
was
and
Com-
pany was conveyed by proper instruments to the Wisconsin
Central Railway Company.
97
The line passes through Grand Rapids and Port Edwards,
Wisconsin, at which places, as well as at Nekoosr, are
located large paper and pulp mills. A considerable proportion of the raw material used by them is obtained on tfn>
Company's lines north of Marshfield. which insures the Company a large traffic in connection with these industries.
The result of the operation of this property since the first of
425,339 23
10 ,307
number
of acres remaining in the
grant on the 30th of June, 1901, was 509,024 51.
Number of acres under contract of sale, 53,363*77
Leaving unsold 455,6ti0'74 acres.
SINKING FUND.
Cash balance at the beginning of the fiscal vear.
Paid the Trustees of this funrt during the year..
Interest on deposits during the year
$14,581 44
359,000 00
5,0til 03
Total amount available
$403,642 47
May
fully justifies its purchase.
INDUSTRIAL DEVELOPMENT.
The industrial development along the Company's
noted in the
Paid during the year tor expenses of administering the
Trust.
Cash balance
obaMM
Equipment Accounts aggregated
Id connection with the purchase of the Marshtleld <fc
Houtheastero Kallroad, Purchase Money Mortgage 4
total
income
-
i
The
to
Account.
Ml of tlh
J.OOO bonds were issued and
during the Tear, and the proceeds are used
from time to time as required to pay for ini
provements authorized by the Board.
Tables on page 24 of pamphlet
30th,
i
li
NKW
i
Compan
The interest on the purchase
amounting to $.',!M7 70, has been oharged
i
Bonds reserved for improvements, equip. uents»
to the amount of
During the year ten freight looomotl
re deli v<
Company bj the Brooks Locomotive Works undei oon
traot, whioh provides that upon payment ol
to
gether with interest, the tith to the looomotives shall
the
in the
red as provided In the mortgage for retiring
None of these bonds
underlying bonds.
been issued during the year (but in aooordanoe
with the terms of the mortgage $1 10,000 thereof
are available for improvements, equipment, flto.
i
last
lines
annual report continues satisfactorily.
8.JO0 0O
in
hands
of Sinking
Fund Trustees
TERMINALS.
at the
close of the fiscal year
$400,142 47
COMPARISON OF EARNINGS AND EXPEN8E9 OF THE YEARS
ENDING JUNE 30th, 1900 AND 1901.
Decrease In earnings on Oener.il Freight
Decrease In earnings on Iron Ore
$140, p 48 43
155,0-U O0
Total decrease in freight earnings
Deoreaee In Passeneer earnings
Decrease In Mail, Express and Miscellaneous earnings..
$295,729 43
1,730 27
15,681 90
Total deorease in Gross Earnings
Being 5-55 ner cent.
Decrease in Expenses
Beine 3*)9 percent.
Decrease in Net Earnings
Increase in Taxes
Decrease In Rentals
Increase in Interest on Bonds
.
$313,141 60
$114,472 34
198,66 26
6,410 t-8
6J354 67
59,71 1 58
">
In view of the short crop in the Northwest, the decrease in
General Freight Earnings was less than might have been
expected. It is hoped that the loss from iron ore traffic will
be partially regained this year, and the crop conditions in
the territory served by the Company give promise of better
general traffic earnings than last year.
The expenditures for improvements made during the fiscal
year will result in economies. Some saving in expenses will
also result from the use of the new terminals and shops.
During the year 7,190 tons of neweightv and eighty-five
pound steel rails were laid, the cost of which, with the cost
of the fastenings, less the value of rails and fastenings released, was charged to operating expenses. The tonnage of
rails released was 5,272 tons.
The increase in weight of rail
laid over rail taken up was 1,924 tons, valued at $67,264 15.
The equipment destroyed in service during the year was
not all replaced, but its value as shown on the Company's
books, less salvage, has been charged to repairs, and the
value of equipment destroyed has been credited to Equipment Renewal Fund. The credit to this fund at the end of
the year was
$41,655 11
IMPROVEMENTS.
The amounts charged to Improvement Account for tinyear aggregate
§80 948 05
This does not include improvements such as increased
weight of rails and fastenings, permanent bridges replacing
wooden structures, earth embankments in place of bridges
and trestles, etc.. etc. the total cost of which has been
charged to Operating Expenses.
Reference is made to the detail of the Improvement Ac
count shown ou page 18 of pamphlet.
1
.
During the
fiscal
year under review plans were completed
for a terminal yard and freight terminal at Minneapolis, the
necessary city ordinances obtained and contracts let for the
construction of the plant. It is expected that the new
terminal will be ready for occupancy early in 1902, and
that the advantage to the Railway Company in controlling
its own freight facilities at that point will be considerable,
in the direction of increased traffic and ultimately in decreased expense of handling the same.
Contracts were also let for the construction of a new
freight house at St. Paul. This house will also be ready for
occupancy early in the coming year.
During the year the new freight house and appurtenant
tracks constructed by the Illinois Central Railroad Company
for the exclusive use of this Company on the terminal ground
leased from them in Chicago was completed. The improve
ment is modern in every respect, well located, accessible
and convenient of operation, and good results are also expected from this arrangement.
The locomotive shops at Waukesha, vacated by this Com
pany when the new shops were opened at Fond du Lac, have
been leased, with the privilege of purchase, to the Waukesha
Sheet Steel Company, which is improving the property and
expects to begin manufacturing in October of the current
year.
Owing to the lack of houses for the workmen, it was hnpossible to move the car shops from Stevens Point to Fond
du Lac until after the close of the fiscal year. The removal
began »n the first of August and is practically completed
at this time, and the shops in successful operation.
Negotiations are already on foot for the occupancy of the
vacated buildings at Stevens Point, and it is hoped that
arrangements as satisfactory as those made at Waukesha
will follow.
By the lamented deaths of Mr. George Coppell and Mr.
Charles C. Beaman. the Board has lost during the past year
two of its most valued members. Copies of the memorials
entered on the records of the Company are appended to this
report.
Appended hereto Tin pamphlet] will be found a balance
sheet, statements and s atisties relating to the business and
condition of the Company. Reference is made to these for
more particular information as to the business of the year.
By order
of the
Board of Directors,
H.
F.
WHITCOMR,
Fresident.
,
THE OHKONir.LK.
852
I
Vol. LXXI1I.
CONNECTICUT RAILWAY & LIGHTING COMPANY.
NEW FORE STOCK EXCHANGE OF THE
FIRST AND REFUNDING MORTGAGE
FOUR AND ONE HALF PER CENT FIFTY-YEAR COED BONDS OF 1951.
OFFICIAL STATEMENT TO
September
1,
1901.
The Connecticut Railway & Lighting Company hereby
makes application to have placed upon the regular list of
the New York Stock Exchange the following $15,000,000 of
:
and Refunding Mortgage Four and One-half per
Cent Fifty-year Gold Bonds of 1951 for §1,000 each, numbered from 1 to 15,000, both inclusive.
The bonds are dated January 1, 1901, and are secured by a
Mortgage or Deed of Trust bearing date January 15, 1901,
to Colonial Trust Company of New York City, as Trustee,
upon all the property and franchises of the Company,
whether now owned or hereafter acquired. They are payable January 1, 1951; are in coupon form, and may be registered, as to principal only, at the office of the Trustee under
the Mortgage, no provision having been made for registration elsewhere than with the Trustee. The coupons are
payable on the first day of January and July in each year at
the office or agency of the Company in the City of Newits
First
York.
The Connecticut Railway
&
Lighting Company acquired
control of the following constituent companies by the purchase of their Capital Stock, property and franchises, and
the conveyance by deed and transfer to it by said constituent companies of all their property and franchises, to wit:
Bridgeport Traotlon Company
The Shelton Street Railway Company
Milford Street Railway Company
The Westport & Saugatuok Street Railway
Derby Street Railway Company, Preferred
••
«•
"
«
Common
Norwalk Tramway Company
Norwalk Street Railway Company
The Waterbury Traotlon Company
Capital Stock.
$2,000,000
Company
Central Railway & Eleotrlo Company
Norwalk & South Norwalk Electric Light Company
Norwalk Gas Light Company
Naugatnck Eleotrlo Light Company
Southington & Plantsville Tramway Company
Greenwich Gas & Eleotrlo Lighting Company
75,000
100,000
40,000
100,000
PO.OOO
287,000
100,000
750,000
600.000
64,000
87,500
50,000
20,000
71,500
Total issue authorized
$15,0OO,0C0
Delivered In payment for property purchased.. $7,939,200
In the hands of Trustee to retire a like amount
of underlying bonds
1,410,S00
Reserved in the treasury for acquiring other
property and for future extensions
5,650,000
$15,000,000
The existing status
At
least Ninety-five per Cent of the total Capital Stcck of
the above companies has been acquired by the Connecticut Railway & Lighting Company, and provision has been
made to purchase the outstanding shares when the same
can be found. All of the foregoing shares of stock which
have been acquired have been deposited with the Colonial
Trust Company, the Trustee under the Mortgage, as additional security to Bondholders.
Provision has been made to purchase the outstanding
shares of the Bridgeport Traction Company and of the
Southington & Plantsville Tramway Company, when the
same can be found. All of the foregoing shares of stock
have been deposited with the Colonial Trust Company, the
Trustee under the Mortgage, as additional security to bond-
holders.
With the exception of sundry bonds of the Bridgeport
Traction Company, the Derby Street Railway Company and
the Connecticut Lighting & Power Company, as shown below, which as yet are not acquired, the bonds of the Connecticut Railway & Lighting Company are a first and only
lien upon the properties mentioned, and the Mortgage contains the provision that when additional properties are acquired by the issue of additional bonds, they shall be free
from any mortgage or lien or debt other than current liabilities.
There was a public offering of the bonds of the Connecticut Railway & Lighting Company which have thus far been
issued, and the bonds so offered were all taken and are held
by a large number of holders scattered throughout the
New England
States.
As authorized under the terms
of the Mortgage, of the
$15,000,000 par value total authorized issue of said bonds,
$9,355,000 have been used by the Connecticut Railway
Lighting Company in making part payment for its properties; $995,000 are reserved to purchase or pay for, take up,
exchange or replace, par for par, as set forth in Article I of
the Mortgage or Deed of Trust, bonds of the former Bridge-
&
port Traction Company, Derby Street Railwsy Company
and of the Connecticut Lighting & Power Company, as
follows:
(a) $70?,000 at par of Five per Cent Bonds outstanding of the
Bridgeport Traction Company, due July 1, 1923
(b) $76,000 at par of Six per Cent Bonds outstanding of the Derby
Street Railway Company, due AprU 2, 1914, and redeemable alter
April 2, 1904;
(c) $210,000 at par of Five per Cent Bonds outstanding of the Connecticut Lighting & Power Company, due January 1, 1939.
It is provided in the Mortgage or Deed of Trust securing
the bonds of the Connecticut Railway & Lighting Company
that the underlying bonds shall be taken up at their maturity, and that their time of payment shall not be extended.
The balance, $5,650,000 of said bonds, under the terms of
the Mortgage, are to be retained by the Trustee and certified
and delivered by it from time to time, and are to be used by
of the issue
is
as follows:
Total issue authorized
$15,000,000
Reserved in the treasury for acquiring other
property and for future extensions
$5,650,000
In the hands of Trustee to retire a like amount
of underlying bonds
Present issue
995,000
8,355,000
$15,OQjO,GOO
The Company has no car
trusts,
leases, guaranties or
rentals.
The Connecticut Railway
& Lighting Company was
&
&
form-
Power Company," but
erly called "Connecticut Lighting
Lightthe name was changed to "Connecticut Railway
ing Company" by decree of the Superior Court at New
10, 1901. The Connecticut LightPower Company was originally incorporated by Special Act of the General Assembly of the State of Connecticut
on March 2, 1895, as the "Gas Supply Company," and subsequently by Act of the General Assembly, approved March
2, 1899, was named "Connecticut Lighting & Power Com-
Haven. Conn., on January
ing
all
Middle and
the Connecticut Railway & Lighting Company only for the
purposes of acquiring other plants or property, real or personal, from companies authorized to manufacture, use or
sell gas, electricity or water, and also to such extent as said
corporation shall be legally authorized so to use the same
for the purposes of making additions to or extensions or
betterments of its plants, as provided in sub-division 3 of
Article I of its Mortgage or Deed of Trust; provided, however, that none of said bonds shall be so used unless the
plant and property of any such Company when acquired
shall be free from any Mortgage or lien or debt other than
current liabilities.
The following is therefore a summary of the purposesfor
which the bonds are authorized to be issued:
&
pany."
total Capital Stock of the Company, as authorized in
charter, was $1,000,000, divided into 10,000 shares of $100
each, all of which was Common Stock. On December 31,
1900, the authorized issue of stock was increased from $1,000,000 to $15,000,000, divided into 150,000 shares of $100
each, of which 40,000 shares are Preferred Stock and 110,000 shares Common Stock, all of which has been issued and
Such increase was effected by comis now outstanding.
plying with all the provisions of law of the State of Connecticut in reference thereto, as appears by the Opinion of
The
its
Counsel submitted herewith.
The Preferred Stock, from and after the 1st day of January, 1901, is entitled to dividends (cumulative from and
after January 1, 1904), at the rate of, but not exceeding, Five
per Cent per annum, but only from undivided net profits of
the Company when and as determined by the Board of
Directors, and only if and when the Board shall declare
dividends therefrom. The Preferred Stock is also preferred
as to payment in the distribution of assets. The Preferred
and Common Shares have equal voting power. The Directors have only the usual rights and powers conferred by the
laws of Connecticut.
For a description and the location of the property mortgaged to secure the aforesaid bonds, reference is made to
page 6 and succeeding pages of the printed Mortgage.
The railway properties owned by the Company are divided into three main divisions, covering 160'83 miles of
single track, equipped with steel rails, maximum weight
per yard 70 pounds and minimum 48 pounds. The gauge of
roads is 4 feet 8% inches. All the lines of the Company are
completed and equipped for and operated by electricity.
(a) In the New Britain Division (extending from Newington, as ita
eastern terminus, to Southington, as its southern and western terminus) the Company operates 22-56 miles of single track, has 38 cars
with 64 motors, and 5 car barns with a capacity of 45 oars.
(b) In the Waterbury division (extending from Waterbury, in the
centre, to Nangatuck as the sou' hern terminus, and Waterville and
Oakvllle as the northern and western termini, respectively,) the Com
pany operates 25*72 miles of single track, has 58 oars, 111 motors
and 2 oar barns with a capacity of 65 cars.
(c) In the Southern or Bridgeport Division (extending from Bridgeport to Ansonia as the northern terminus, Woodmont, about ten miles
easterly of Bridgeport, as the eastern terminus, aid the town line of
Stamford on the west) the Company operates 27*80 miles of track In.
the Norwalk District and 3130 mUes of single track and 5345 miles
of double track in the Bridgeport District. The total number of care
employed in the Brideport Division is 208, with 362 motors, and 9 oar
barns with a capaoity of 254 cars.
OCTOBEE
19,
THK CHRONICLE.
1901.
The car barns owned by the Company are located
us fol<
lo vs:
on Barnuui Avenue, Stratford Avenue aud at
Avon Park, respectively; one oar barn at Sbeltou.one at Westport,
two at Derby, one being located at tbe power-bouse and one at the
lioneatonio Park; two at Norwalk. two at Waterbury. <>u« in New
Three
Britain,
In Bridgeport,
two
In Plalnvllle,
The location and
tlie
electric stations of the
two
station,
capacity in kilowatts of bhe various
are as follows:
Company
boated
watts.
Tbe Derby station, located on Main and Foundry streets, used for
railway purposes only, has a capaolty of 450 kilowatts.
The New Britain station, looated on tfhestnut Street, used lor railway and llgbtlng purposes, has a capaolty of l.fcOO kilowatts.
The Waterbury station, looated on Bank Street, 400 feet north of
the Naugatuok Klver, used for railway and lighting purposes, has a
oapaclty of 2,400 kilowatts.
The Norwalk station, located on Wilton Avenue, Cross and School
streets, used for railway and lighting purposes, has a capaolty of
1,000 kilowatts.
The South Norwalk Station, used for railway purposes only, has a
capaolty of 440 kilowatts.
The Greenwich station, looated on Long Island Sound, nsed for
lighting purposes only, bas a oapaolty of 538 kilowatt*, whloh will be
increased by 200 kilowatts within a month.
The Company owns and operates one complete gas works,
located at Norwalk, in Fairfield County; and under an
agreement receives the profit accruing from the operation
of The Waterbury Gas Light Company, located at Waterbury, in New Haven County, by the United Gas Improvement Company under a lease by that Company of The
Waterbury Gas Light Company's property for twenty years
from April 1, 1894. Each of these gas works has all the
necessary and modern appliances for manufacturing and
storing the gas, and a complete system of mains, connections, services and meters for the distribution of gas, with
ample real estate, well situated, for the purpose. The two
Norwalk, 300,000
Waterplants have a total capacity of
bury, 600,000 cubic feet per day. The number of miles of
:
;
gas mains is: Norwalk, 20*12; Waterbury, 35*94; total, 56*08.
The following is a comparative statement of gas aocounted
for in cubic feet for the eight months ending August 31,
1900
and
1901
Norwalk
Waterbury
Total
:
71,703,829
1901.
12.820.300
75,180,800
83,201,029
88,001,100 oublo feet.
1900.
11 ,497,200
Jlroughl forte ant
Out System—
Gross earnings
Operating expenses
**SS.7'4 9f
$17*. 071 3%
128,460 50
49.02085
Net earnings.
Per Vent.
Increase.
11-5
4*6
1,325,100
3,476,971
Noncalk.
Oas meters In service August 31, 1900
Gas meters In servloe August 31, 1901
Wate bury.
960
1,192
5,722
6,557
232
835
Gain during the year.
$78,850 68
ad not
Statement of gross earnings, operating exjx
earnings of Oonneoticut Railway & Lighting Company and
its constituent companies lor the period of eight months
ending August 81, 1901, being the lirst eight months of its
operation of all the consolidated properties, is as folio
.
i
Raihtay System:
ELECTRIC DEPARTMENT.
also
owns four complete
New
electric-light
Britain, one
plants, one looated at Waterbury, one at
at Norwalk and one at Greenwich, with all the necessary
and modern appliances for generating and distributing electricity for light and power purposes, including a complete
system of poles, lines and wires.
$718,961 21
435,272 34
Gross earnings
Operating expenses
$28?,688 87
Netearnlngs
Electric System:
$199,644 72
144,232 94
Gross earnings
Operating expenses
55,41178
Netearnlngs
Oas System:
$114,509 43
84,500 71
OroPS earnings
Operating expenses
30,008 72
Netearnlngs
$369,109 37
284,323 33
Total net earnings
Present Interest charges
$84,786 04
Balance, net profits
The following is a copy of the balance sheet of Connecticut Railway & Lighting Company August 31, 1901:
ASSETS —
Property of Company— Railway, Electric and Gas
Plants, represented by property held In fee or by ie.$22,46^,036
curicles of constituent companies
1,985,258
Plant and construction
27,397
Advance acoounts
146.796
Gash
62,034
Aooounte receivable
78,714
Materials
96
91
94
17
63
58
$24,763,239 14
Liabilities—
Capital Stock, Preferred
Capital 8tock. Common
Bonds payable C. L. & P. Co. 5 per oent
L. Co., 4^ per cent
Bonds payable O. R.
Bunds payable B. T. Co., 5 percent
Bonds payable D. 8. R. Co., 6 per oent
Real estate mortgage
Accrued interest on bonds
Accrued interest on bills payable
Accrued interest on real estate mortgage
Bills and acoounts payable.
Taxes accrued but not due
Accrued rentals and advertising
is.
Deposits
The Company
$505,335 (18
426,485 00
Preseut Interest cbiirges..
In Berlin.
at Sea View Avenue and Adams
Street, used for railway purposes only, has a capaolty of 1,210 kilo-
The Bridgeport
^33
i
..
$4,000,000 00
ll.OOO.oOO 00
210.000 00
8,355,000 00
701,000 00
76,000 00
6,000 00
71,733 59
542 50
133 34
139,952 64
47,233 53
3,185 61
1,455 42
9 22
2,238 96
.
Unclaimed wages
Advance ticket sales
Accident insuranoe fund
56.630 13
$24,679,114 94
84,124 20
Balance undivided profits.
$24,763,239 14
&
office of Connecticut Railway
Lighting
at Bridgeport, Connecticut.
The Officers of the Company are: President, A. M. Young;
First Vice-President, R. A. C. Smith; Second Vice-PresiIncrease
52 dent, George E. Terry: Secretary and Treasurer, Lewis
Number of oity arc lights on oiroo.it August 31,1900
629 Lillie; Assistant Secretary and Assistant Treasurer, E. W.
Number of oity arc lights on circuit August 31, 1901
646
Poole; Managing Director, Walton Clark.
The Board of Directors is as follows: Randall Morgan, H.
Inorease
17
G. Runkle, Lewis Lillie, George E. Terry, M. J. Warner, R.
Number of inoandesoent lamps, 16 candle power basis, i
.".„
Oiroult August 81, 1900
49,537 A. C. Smith, A. M. Young, D. S. Plume, B. G. Bryan, A. W.
Paige, Walton Clark.
Number ot Incandescent lamps, 16-oandle-power basis, on
oiroult August 31, 1901
56,022
Herewith are submitted: Copies of this application: Copies
of the Mortgage, one of which has certificate of record enInoreaee
6,485 dorsed thereon and certified by the Trustee to be a true copy;
The Company supplies electric light and power to the fol- Certificate of Counsel that the Company has been legally
organized, and the property and franchises of its constituent
lowing towns and municipalities of the counties of
companies legally acquired and the securities legally issued:
Fairfield County.
New Haven County.
Opinion of Counsel of Colonial Trust Company, Trustee;
East Portohester,
Waterbury,
copy
of Charter as amended: Trustee's Certificate of bonds
Oreenwioh,
Naugatuok,
Norwalk,
retired; a sample of the bond: a Certificate from the Trus
Hurtford County.
South Norwalk,
New Britain,
tee acknowledging acceptance of the trust and giving the
New Canaan.
Soutbington,
numbers and amount of the bonds executed in accordance
Berlin.
with the terms of the Mortgage: Certificate of a Civil EnStatement of gross earnings, operating expenses and net gineer stating the actual physical condition of the railroad
earnings of Connecticut Railway
Lighting Company and proparties, dated May 1, 1901.
map showing the location
its constituent companies for the fiscal year ending June 30, of the property and the route of the railway lines of the
1900, is as follows:
Company is also appended hereto.
Railway System —
Respectfully.
Gross earnings
$966,321 28
Operating expenses
601,072 07
A. M. YOUNG, ProMident.
Number
Number
of
of
commercial arc lights on circuit August 81, 1900
commercial arc ligbts on oiroult August 31,1901
.".
605
657
A
Net earnings
$365,249 21
System—
Gross earnings
Operating expenses
Net earnings.
is
'.
&
Electric
The principal
Company
$274,990 34
184,524 72
90,465 62
The Committee recommended that $8,355,000 of the abovedescribed $15,000,000 First and Refunding Mortgage Four
and One-Half per Cent Fifty-year Gold Coupon Bonds of
1951, for $1,000 each. Nos. 1 to 8,355, inclusive, be admitted
to the list.
Adopted by the Governing Committee, October 9, 1901.
THE CHRONICLE.
854
BROOKLYN RAPID TRANSIT
[Vol. lxxiii.
CO.
REPORT FOR THE YEAR ENDING JUNE
168 .Mont
iodb
St..
/
Brooklyn, October 1, 1901.
The business of the Brooklyn Rapid Transit System for the
fiscal year ending June 80, 1001, resulted In snowing cross
)'
earnings from passengers, freight, mail and express, advertising, rents and miscellaneous income, of $12,185,559; expenses of $7,916,008; net earnings of $4,919,551; fixed ctarges
and taxes of $4,8*1,748; yielding a surplus of $577,803i Adding to this the surplus of previous years of $023,426 gives a
total surplus on June 30, 1901, of $1,201,229, from which has
been appropriated $228,(378 for dividends to minority stockholdeis of constituent companies, depreciation and better
ments, leaving a net surplus carried forward to the new
year of $972 551.
The lack of adequate electric power due to the destruction by fire of the Ridgew> oil Power Station on December
4, 1900, so overloaded the remaining power plants as, to necessitate the temporary abandonment of electric operation
on some of the Elevated lines and the >ubstitution of steam
locomotives, involving additional cost and reducing the
speed of peiation. The loss of equipment caused by the
Flatbush Avenue Depot fire on February 8. 1901, and the
Flushing Avenue Depot fire on April 30, 1901. has been
partly supplied by new cars, either purchased or constructed
in 'he Company's shops; but during the last and most profitable months of the fiscal year both power and equipment
were greatly needed, and their absence prevented a larger
gain which would have accrued to the Company's revenue.
During the fiscal year the principal extension to the
Company's lines was built upon the Union Street franchise
from Ninth Avenue to Court Street, a route of 161 miles of
double track, which, however, was not operated during the
year pending the settlement of certain legal complications.
The equipment of the Elevated lines with third rail for
operation by electricity has been pushed rapidly throughout the year, and of a total mileage, inclcding third track,
yards and sidings, of 67,814 mihs, only 12,670 miles remain
to be laid. The completion of this work will enable the
electric operation of Elevated lines as soon as necessary
power facilities can be secured.
In addition to the laying of the third rail, the buildings
and platforms of 52 Elevated stations have been rehabilitated and renovated, and the remaining 29 stations will soon
be placed in good order and condition.
Land has been purchased at Avenue N and Flatbush Avenue and contracts let for the erection of a commodious
depot to take the place of the Flatbush Avenue Depot,
destroyed by fire.
Contracts have also been let for a new power station to
generate high tension alternating current for the operation of elevated lines, and to provide additional power
for surface needs, at Third Avenue and First Streets, adjoining the Third Avenue Power Station of the Nassau
System. Work is also advancing on contracts for 24 boilers of 15,600 total H. P. capacity, seven engines of 28,000
total H. P. capacity, and seven generators of 18,900 total
K. W. capacity, and it is confidently expected that the
installation of this power plant, together with six sub-stations for converting the high tension alternating current
to the 500-volt direct current used for operating the lines,
will approximately double the power generating capacity
at present controlled by the Company.
In the meantime, to supply the pressing needs of the
present the Company has contracted for all the surplus
power obtainable from the various companies generating
electricity in the City of Brooklyn.
Notwithstanding the somewhat crippled condition of the
Company in regard to power and equipment, the gross
earnings manifest a constant and gratifying increase,
which justifies the confident hope that, with the above
needs fully supplied, there will result gross and net earnings that will satisfy the most sanguine of the Company's
i
stockholders.
During the latter part of the past year, as a measure of
future economy in operation, large sums were judiciousy
expended in bettering the condition of the roadway and
track, and in bringing up the equipment of cars and motors
to a higher standard of efficiency.
Property has been purchased at the intersection of Jamaica
Avenue and Crescent Street, where an incline is to be constructed from the Elevated Structure to the surface, by the
use of which through service may be operated to Jamaica.
The success of the experiment of operating through Elevated service to suburban districts over surface lines is exemplified by the service to Brighton Beach and to Bath
Beach, both of which are rapidly increasing their gross earnings by providing more convenient and speedy transit for
the Company's patrons in these sections of the City. It is
hoped during the next fiscal year to operate through Elevated trains to Coney Island via the Fifth Avenue Elevated
and West End lines, which service should be most profitable in view of the constant growth of population toward
Coney Island and the increase of summer excursion travel.
The equipment
by
1001.
80,
of the
Company
will shortly be increased
combination and 60 open cars for use on sun.
lines, and 50 motor cars for the Elevated lines, together
with the necessary electrical equipment. Farther additions to winter and summer equipment will soon be contracted for in advance of the Company's requiremen
During the fiscal year the Brooklyn Rapid Transit Company disposed of the bonds in the treasury which had been
retained for construction purposes on acquired lines. The
proceeds from the sale of these bonds and other cash on
hand are sufficient to pay for all outstanding contracts
for additions and improvements, including the conversion
of the elevated steam railroads into electric railroads,
and furnishing equipment and power therefor.
The total amount charged to taxes during the fiscal Tea)
150
is §754,625 80.
In addition, the Company paid upwards of
$300,000 for paving and repaiiing streets, removing snow
and ice, carrying policemen and firemen free, lighting
public streets, etc., all of which payments are in the nature of taxation. All taxes have been paid as they have
become due, with the exception of those in litigation,
consisting chiefly of the special franchise tax. Taxes now
levied on street railroad corporations are so diverse and
numerous that there is double, treble, acd in some cases
quadruple, taxation of the same property.
do not object to paying our just proportion of public taxation, but
the laws should be simplified and made more equal in
their enforcement
The expenses of the year were largely swelled by the payments in cases arising out of claims for personal injuries.
These aggregated $971, *67 76. The Legal and Claim Department expenses in connection with the investigation, adjudication and trial of these damage cases were $172,094 70
additional, or a total of $1,143,962 37, which is nearly ten
per cent of the tetal receipts of the operating company. Of
the payments for damages, only 8371,904 64 were on account
of accidents of the fiscal year, the remainder having been
expended is the settlement and trial of cases arising out of
accidents of previous years running back to 1895. Nearly
half of the total amount namely, $429,552 58— was paid on
account of accidents happening during the year of the
strike of the company's employes.
These figures are sufficiently serious to arrest attention,
not only of your stockholders, but of the public generally.
Your company is sparing no expense to put its equipment
and track in the best possible condition, and to procure the
services of only the most capable employes, with a view to
making the operation of its cars safe and comfortable, and to
the extent that damage payments represent any failure on
the part of the company or its employes to attain that
standard of safety, they are just obligations and, although
deplorable, should be paid without complaint. But a large
part of these excessive payments is unjusly exacted from
the company by conditions which should be the concern of
every good citizen, and which, if not mitigated, will not
only pollute the fountain of justice, but poison the morals
of the community. So great have become the evils of negligence litigation, and so low has the standard of professional ethics fallen, that to-day it is common to see attorneys, physicians, clients and witnesses leagued in a conspiracy to mulct railroad companies, manufacturers and
merchants each of the parties to the conspiracy having a
contingent interest in the verdict, and being tempted by the
hope of success to exaggerate injuries, pervert facts and
corrupt jurors. Their activity extends even to organized
attempts to inflame public sentiment against railroad corporations, and to corruptly resist legislation which would
protect the legal profession against a prostitution of its
It used to be illegal and always has been
standards.
deemed improper for an attorney to have a contingent interest in the result of his litigation; but it is not too much
to say that not fifty per cent of the money which your company paid last year in damages through attorneys reached
condition which puts such a premium upon
their clients.
barratry and fraudulent practices is one which the courts,
the community and the honorable members of the legal
profession should combine to remove.
During the year the seniority plan which has been in force
on the Surface lines sir ce 19i was extended to the Elevated lines, whereby all employes operating trains who
have been in the employ of the Company two years or
more receive an increase of 5 per cent in pay those in
the employ of the Company three years, 10 per cent increase and those in the employT of the Company five
years, fifteen per cent increase the various grades being
indicated by stripes worn on the sleeve of the uniform.
On March 20, 1901, Mr. Clinton L. Rossiter tendered his
resignation as President and Director of the Brooklyn Rapid
Tansit and constituent companies, and Mr. Jacob L. Greatssinger was elected in his place.
We
—
—
A
;
;
;
BOARD OF DIRECTORS.
jJ3y J. L.
Greatsingek, President.
October
THE CHKONICLE.
19, 1901.1
COMPARATIVE STATEMENT OF BROOKLYN RAPID TRANSIT
AND CONSTITUENT COMPANIES
FOB YEARS ENDING JUNE
30, 1901
Receipts Passengers
Freight. Mall and Express
1901.
$11,718,942
58.394
122.501
67,595
Rent of Land and Buildings..
100,226
Rent of Tracks and Structure.
67,901
Total
Expenses—
Maintenance of Way
Maintenance of En ulpuieut.
Operation of rower Plant
Time Table Cost
Other operation of Cars
Damages and Legal Expenses
.
Net Earnings
AND
Inc. or Dec.
I.
61,305
108,783
l>.
$378,800
891, iHG
$415,729
882,183
964,665
Total
I'.io-enger
relgtit, Mall
Advertising
i
13.71H
I). 3. 168
/ 3,736
D. 156,592
P6.490
224,493
$12,135,559
'2.911
7.
70,7(13
$11,768,550
$512. V2«
$367,009
7.
$36,929
/. 9,804
/. 55.021
D. 76,162
D. 166,132
/. 244,301
7. 79,733
D.
1.019,686
2,414,062
895,120
1,157,593
458,761
1,061,252
913,292
379.028
$7,216,008
$7,106,373
/.
$109,635
$4,919,551
$4,662,177
J.
$257,374
2,400,-224
$754,626
$736,721
7.
3,587,122
3.398,684
/.
$4,341,748
$1,135,405
$577,803
623,426
$526,772
96,654
$1,201,229
$623,426
I.
$17,905
188,438
of
Land
Hull lings
Rent or Tracks
3,.">75
95
101,559
$11,747.626 84
Eleotrio Line
Buildings and Fixtures
Total
Maintenance ok EquipU ENT—
155
85
73
313
Steam Plant
038
Eleotrio Plant
0-09
0-08
2-83
Equipment of Cars 261
035
Equipment.. 009
Shop Expenses..
98
"7-39
of
Power
Plant—
1,132 93
23.462 14
/>.
$ 341,112 48
/.
A\l) TA2
%
Kara,
'2(i
44,54270 D.
/.A/'A'.Y.sv.s
Maintenance of Wav
AN1> STRUCTURES—
Track and Roadway
Total
%
Oar.
Gross
Earn.
1900.
$
$
188.080 187 219,2*9
102.528
96 113,316
88.192 0;74
86.8'
378,800 3 5/
419,413
1901.
45,791
10,079
6.784
342,195
315,365
42,211
10,814
1 18.747
891,986
0-46
05
04
2 79
2 62
0-50
0-13
94
753
54.281
6,768
5,319
326. 1*
307,652
58,818
15,515
110.797
$385, otiS
134,300
45,574
$228,678
Total Surplus June 30, 1901..
$972,551
The operations of The Kings County Elevated for July, August and
September. 1899, are not included in above, the Company having been
operated independently during that period.
INCOME ACCOUNT FOR YEAR ENDING JUNE
Receipts—
Interest ou Konds Owned
30, 1901.
$374,064 40
364,226 80
297,219 94
37,870 15
8,407 83
Dividend on Stook of Constituent Companies Owned
Net Profits, The Brooklyn Heights Railroad Co
Interest on Deposits
Other Income
$1,081,789 12
$411,352 10
60,000 00
58,355 41
Surplus
Surplus June 30, 1900
$552,081 61
300,684 56
Total
Deductions from Surplus:
For Additions and Betterments on Lines
of Constituent Companies not Chargeable to Construction
$116,263 32
For Depreciation, Loss by Fire, eto
133,157 90
$852,766 17
Surplus June 30, 1901
Surplus Constituent Cos., June 30, 1901:
Nassau Eleotrio Railroad Co
Brooklyn Union Elevated RR.Co
Coney Island & Graveeend Ry. Co
$603,344 95
$216,505 20
151.210 14
1,490 21
249,42122
369,205 55
$972,550 50
1
329
D.8,491
/.3.311
/ 1,465
7.15,477
7.7,713
73.16,607
J> 4,701
7 7.951
1. 6,618
7.16,813
7)5,352
7.5,924
7X4.030
7.4,870
1-23
Superintendence
149,223 158
186,043 7>.36,820
Conductors and Motormen
15-50 1,872,286 16-611,951,117 7X78,831
-Surface
Engineers, Firemen, Motor2-44
men— Elevated
294,765 281 330,123 7X35,358
Conductors and Brakemen
2-04 247,011 2-12 248,604
—Elevated
0.1,593
3-93
474,734 4-38 514,520 7X39.786
Other Car 8ervice.
Car House Employes
108 130,086 1-28 150,426 i>.20,340
0-26
Car Supplies
53,750 7X22.372
31,378 0-46
80
Other Car Expenses
96,969 1-14 133,890 73.36,921
Cleaning* Sanding Track. 0-09
10,218 006
6,703
7.3,515
Removal of Snow and Ioe.. 002
2.51 2
16
18.341 X» 15,829
Total
2739 3,3o9,182 3o«0 3,093,517 7X*84,335
General Expenses—
8alaries of General Ornoers. 089
0-83
Salaries of Clerks
Printing and Stationery.... 006
Office
Expenses.
Miscellan.
015
Advertising & Attractions..
18
085
Other Expenses
8 05
Claim Department, Salaries
0-43
and Expenses
Legal Expenses in Connection with Damages
99
Oil
Other Legal Expenses
47.000
46
100,242 090
7,155 017
17,978 016
21,848 017
102,863 0*70
971,868 659
52,456
0-40
54,414
D.7,414
105,056
73.4,814
19,594 7>.12,439
18.909
7X931
20,140
7,1,709
f.20,639
82,224
773,686 7.198,182
47,645
7.4,811
119,638 0-71
83.134 7.36,504
13,631 009
10,960
7.2,671
Rent of Land & Buildings.. 0-03
5 962
3,735 0-05
7X2,227
RentofTracks&Termlnals.
16
22,166
19,296 019
7».2,870
Insurance
67
80,289 022
26 101 7.54,188
6-75
Taxes
694,62 6 6 09 _715 173 D. 20.547
Total
18-65 2,262^125 lOvo 1,985,163 7.267.462
Grand Total
65-00 7 ,852,279 67*2* 7,8»8,313 D.46,084
1901.
Inc. or Dec.
1900.
Mileage
50,155,925
54,212,084 7X4,056,159
Total Passengers carried, Including Transfers
297,087.698 273.560,994 7.23,526,704
Note.—This report, for the purpose of fair comparison, inoludes In
the year ending June 30, 1900. the reoeipts and expenses of the Kings
County Elevated Railroad for July, August and September, 1899,
whloh were not included In report of 1900, the Company having been
operated Independently during that period.
CONSOLIDATED GENERAL BALANCE 8HEET BROOKLYN RAPID TRANSIT AND CONSTITUENT COMPANIES JUNE
A SHUTS.
30, 1901.
LIABILITIES.
Oost of Road, Equipment and Real Estate...
$86,565,405 69
Additions and Betterments not yet distributed
22,840 84
Advances soot. Brooklyn City RR Co. Construction..
5,181,634 99
Advances acot. Nassau Electrio RR. Co. Construction..
1,118,276 38
Advances acot. Prospect Park & C. I. RR. Co. Construction
149,903 70
Guaranty Fund
4,005,755 00
Treasury Bonds
109,n00 00
Stook Brooklyn Rapid Transit Company" ".'.'.
146,228 00
Current Assets—
Due from Companies and Individuals. $197,136 78
Prepaid Insurauce
92,214 18
Supplies and Coal on hand (AbstraotA)
440,8 J 3 06
8undry Charges Prepaid
55,325 40
Cash on hand
4,719,956 34
5,505,515 76
Capital 8took, Brooklyn Rapid Transit Company
Capital Stock, Constituent Companies, not owned
Brooklyn Rapid Transit Company:
Nassau Eleotrlc RR. Co Pref
$448,000
Brooklyn Union Elev. RR.Co. Pref....
284.916
Brooklyn Union Elev, RR. Co. Com...
699,527
Directors' Shares, Constituent Cos
5,700
$45,000,000 00
by
00
58
87
00
1,438.174 45
Funded Debt—
The Brooklyn Heights Railroad Co....
Sea Beach Railway Company
Brooklyn Q C. & sub. RR.Co
Brooklyn Rapid Transit Co
Nassau Eleotrio RR. Co
Brooklyn Union Elevated RR. Co
'260,000
650.(00
6,624.000
7,<00,0u0
15,00i,040
23.000.00u
00
00
00
00
00
00
52,524,010 00
197,725 00
254,079 15
Real Estate Mortgages
Contingent Liabilities
Current LiabilitiesInterest Acorued
Taxes Acorued (Abstract B)
Rentals Accrued
"
C)
"
Audited Vouohers
D)
Due Companies and Individuals
Sundry Charges Acorued
(
(
Insuranoe Fund
Profit
Total
/
7>.4.U,b48
7>.1,905
Damages
529,707 51
7M0.788
7 70,774
D.77,353
Operation of Cars—
$274,252
$
7>.31,lftO
179
216,873 186 218,778
414,321 293 343,547
262,944 290 340,297
054
64,719 0-40
47,906
Water for Power
0-13
15,861 0-18
Lubricants and Waste
21.213
37,915 0-27
31,991
Other Supplies & Expenses. 0-31
06
7.054
10
11.0 84
HlredPower
844 1,019,686 8-64 1,014,816
Total
by
increase
or
Decrease.
Fuel. Electric and Cable.... 3-43
218
Fuel, Looomotlves
Wages
116,263
Total Surplus June 30, 1901
1).
(irons
Operation
EX1ENSE8 —
Interest on Bonds and Loans
Taxes on Capital Stook
Sundry Expenses
71.170 96
Opr.
Miscellaneous
Additions and Betterments on Lines of Constituent Companies not charge-
Less Credits to Profit and
Loss during year
45
67,595 01
OPBBATHTQ
Locomotives
For
Fire, etc
10,(199
$12,088,739 82
$51,031
$23,689
able to Construction
For Depreciation, Loss
/.
100,226 33
-21,08056
Total
Cable Plant
Cars
Deductions—
For Dividends to 8tookholders
other than Brooklyn Rapid
111,80157
and
Mi.-cellaneous
MlBcellan.
Total Surplus
122,50102
and
uoture
Eleotrio
Surplus Previous Years
&
K.-nt
$206,343
7.
ji rb80 1901 and 1900.
(
in.ri iris
1901.
1900.
Inc.,,, :
$11,718.942 39 $11,857,206 01
/
58.394 01
Exp..
81,346 84 I).
the Yi.au- Bvoora
torn
Deductions—
Net Fixed Charges
"MPARATIVK HTATKMKNI Ol Kl l.lllOPERATING EXi'ENSKrt Of BALLROADE OPEBATBO,
.
ANI)
1900.
1900.
$11,206,71(1
855
$102,804,560 36
and Loss (Surplus)
Total
$90,611
8'3.2i3
777,782
656,006
25,277
7,489
46
30
02
71
25
38
27,58114
2.417,991 26
972,560 60
$102,804.560 36
THE CHRONICL*.
856
ABSTRACT "A," SUPPLIES AND COAL ON HAND.
Steel Rat's
Bpeolal
ABSTRACT " D," AUDITED VOUCHERS.
Work
'lies
11,43252
Rail Fixtures
PoleB, Fender Wire, Trolley Wire and Fixtures
Sundry Material at Power Stations
47,377 17
61,534 36
18,862 43
Oar Wheels
11,19840
Oears, Pinions and Other Material for Motor Repairs
Wire for Kleotrlo Repairs to Cars
Iron, Steel, Brass, Copner and Castings
Lumber, Paints, Oil and Glass
34,246 80
12,904 41
General Hardware
Fittings and Valves for Locomotives
Brake Shoes and Brake Fixtures
Vacuum and Steam Hose, Tubing, eto
Miscellaneous Supplies
Coal
:..
14,402
7,835
8,989
8,648
57,338
23,899
29,35^01
20.56009
92
67
31
20
20
34
$440,883 06
ABSTRACT " B," TAXES ACCRUED.
$582,024 74
251,218 56
In Litigation
Current Taxes
$833,243 80
AB8TRACT «
C,'»
RENTALS ACCRUED.
Interest on Bonds, Brooklyn City RR. Co
Interest on Bonds, Nassau Electric RR. Co
Interest on Bonds. Brooklvn Union Elevated RR.
Interest on Bonds, Brooklyn Q. O. & Sub. RR. Co
Interest on Bonds, 8ea Beach Railway Co
Rental, Brooklyn City Railroad Co
Rental, Prospect Park and O. I. RR. Co
Pay
$5f,3P3 81
26,917 42
I
Co
$8,500 00
52,195 92
383,333 33
23,616 67
8,691 66
300,000 Oo
1,444 44
$777,782 02
St. Joseph Stock Yards Co.— Listed.— The New York Stock
Exchange has listtd the $1,250,000 first mortgage 4}£ percent
gold coupon bonds of 1930 (see V. 70, p. 949). The company's
capital stockjwas recently increased from $1,500 000 to $1,650,000.
For the 8 months ended Aug. 31, 1901, the total earnings were $263,449; net earnings, $106,972, For the calendar
year 1900 gross, $217,622; net earnings, $163,338; interest,
$72,391; dividends (6 per cent), $90,000; balance, $947. Total
surplus Dec. 31, 1900, $98,992.— V. 73, p. 681.
St. Lawrence Power Co.— Premature Report. The press
—
reports announcing the starting of this company's plant,
—
—
[Vol. LXXII1.
it
seems, were premature. V. 73, p. 725.
Sciiwarzchild & Sulzberger Packing Co. of Kansas City.
— Proposed New Plant. The company is proposing to establish a large plant at South Omaha and a wholesale house at
Omaha, the entire cost of these additions being estimated at
about $1,250,000.— V. 71, p. 609.
Seneca Lake Salt Co. of New York.—Bonds Offered.—-The
company's $60,000 of first mort. sinking fund 30-year 6%
gold bonds, denomination §500, maturing 1931, interest
March and September,
is offered for sale through Haverley
B. Swart, fiscal agent, 135 Broadway. "Net earnings, four
times interest charges."
Southern New England (Bell) Telephone Co.
New
Stock.— The company has decided to increase its outstanding
capital stock from $2,760,000 to $2,990,000. The new stock,
it is understood, will be sold at par to shareholders, the proceeds to be used to pay for extensions. A press despatch
states "on high authority" that the shareholders will vote at
the annual meeting in January on a proposition to increase
the authorized issue of stock to $5,000,000, to provide for further extensions.
V. 72, p. 871.
—
—
Standard Shoe Machinery Co.
Injunction.— Richard F.
Spencer, Albert W. W. Miller, and others, on Oct. 14 obtained a temporary injunction restraining the company from
holding its annual meeting, on the ground that the officers
are manipulating the company's affairs to the injury of the
bona fide stockholders. The case will be heard Oct. 29.—
V. 73, p. 240.
Telephone Telegraph & Cable Co.— Directors.—The board
of directors has been reduced from seventeen to fourteen
members. The following directors have been elected, the
six first-named being new:
O. W. Morse, J. E. McDonald, R. R. Moore, R. L. Edwards. J. T.
Sproull, James T. Morse, James M. Thoma°, John D. Criminins, Daniel
O'Day, Oakes Ames, Samuel Thomas, E. R. Chapman and Francis M.
Jenks.
The company controls the Knickerbocker Telephone &
Telegraph Co., the Boston & New York Telephone Co., and
it is understood the Massachusetts Telephone & Telegraph
Co. (see that company above). The intention is to proceed
at once to the development of systems in this city and Boston, with connecting lines in various directions.— V. 73, p.
725, 555.
Tidewater Steel Co.— Mr. Schoen a Director.—Charles T.
Schoen, Chairman of the Pressed Steel Car Co., has been
elected a director of the Tidewater Steel Co.— V. 73, p. 142, 36.
Union Steel Co. of Pittsburg.— In Operation.—The "Iron
Age" recently gave the following:
The new rod, wire and rail mills of the oompany at Donora, Pa., are
now in operation and giving employment to about 1,000 men. A
large plant is to be erected at once by the Mathews Woven Wire Fenoe
Co. (an identified Interest of the Union Steel Co.), to make patent
woven wire fencing and to get Its entire supply of wire from the
Union Steel Co. In a short time the Union Steel Co. will break ground
at Donora for the building of a blast furnace and either 10 or 12 basic
open-hearth steel furaoes. It Is the intention eventually to build a
second blast furnace. The company has fortified itself with ore and
coke properties, and with the ereotion of blast f urnaoes and steel
works will be able to make its finished produots from the ore up. The
Mellon interests of Pittsburg are largely interested. Tne offices are in
the Empire Building, Pittsburg, and W. H. Donner Is President and S.
H. Waddell, Secretary.
Rolls
$135,44f; 11
Coal
Material and Supplies
Construction
Operating and Other Accounts Payable
80.845
215,077
85.856
138,781
33
00
94
33
$656,006 71
MEMORANDUM OF TREASURY
ASSETS.
Stock—
|
$146,228 00 par value Brooklyn Rapid Transit Company.
-198,700 00 •'
"
Brooklyn Heights Railroad Co
'1,999,100 00 "
"
Brooklyn Queens Oo. & Suburban RR. Co.
"
'8.499,000 00
"
Nassau Electrlo RR. Co. Common.
«'
6,052,000 00
Nassau Electric RR. Co. i.% Cumulative
Guaranteed Preferred.
'12.299,972 13 "
"
Brooklyn Union Elev. RR. Co. Common.
'4.714,253 42 ••
Brooklyn Union Elev. RR Co. Preferred.
"
'64H.100 00 ••
Sea Beach Railway Company.
*34,500 00 "
"
Coney Island & Gravesend Ry. Co.
$34,593,453 55 Total.
Bonds—
$2,000,000 00 par value Brooklyn Queens Co. <fe Sub. First Mtge.
"
50,000 00
Brooklyn Queens County <fc Sub. First Consol. Mtge.
1,627,000 00 "
Brooklyn City RR. Co. First Mtge.
"
Brooklyn Rapid Transit Co. G )ld.
30,000 00 "
"
29,000 00 "
Nassau Electric RR.Co.First ConaoLMtge.
'
$3,736,000 00 Total.
$38,329,453 55 Grand Total.
*
Note.— 57 shares
Companies held by Directors.
of Constituent
The "concern has already sold the greater part of its output
of nails and wire for the next two months.- V. 73, p. 36.
United Gas Co. of Sandy Hill, N. Y.— Increase of Stock.—
This company has increased its capital stock from $150,000
to $200,000 for improvements. The plants, it is said, will be
concentrated at Ft. Edward.
United States Flour Milling Co.— Minority Suit.— About
96 per cent of the bonds has been deposited under the reorganization plan.
At Milwaukee, however, on Oct. 6, M.
Shackelford, J. S. Dodge and C. S. Wilsorj, who own or
represent bonds to the amount of $70,000, applied to Judge
Jenkins for permission to intervene, with a view to having
the decree modified in order to provide for the sale of the
property in Wisconsin and Minnesota within the respective
districts in which it is located.— V. 73, p. 3ii4.
United States Oil Co.— Annual Statement.—The annual
report for the year ended Sept. 30, 1901, it is stated, shows
income from sales of oil $386,151, contrasting with $699,079 in
1899-00; operating expenses, $148,747, against $160,217; construction, $99,473, against $256,296; balance for stock, $137,920, against $282,564.— V. 72, p. 391.
Utah Light & Power Company.— Bonds Offered,— Mac-
&
McCoy Co. have been offering at 101 and interest
$300,000 of this company's $750,000 prior lien 5 per cent $1,000
gold bonds, dated Jan. 1, 1900, due Jan. 1, 1930, subject to
call at par and interest on July 1, 1905, or on any interestpaying date thereafter, on three months' notice.
circular
says in substance:
These bonds are a first lien on all the gas and electric light properties
of Salt Lake City and Ogden and the water power plants in connection
therewith, including the properties formerly belonging to ihe foUowlng companies, viz.: The Salt Lake & Ogden Gas & Eleotrio Co., the
Salt Lake Citizens Electric Light Co., the Big Cottonwood Power Co.,
the Little Cottonwood Power Co. and the Pioneer Electric Power Co.,
the latter consisting of a water rower adjaoentto the city of Ogden. An
issue of $3,500,000 of 4 per cent consolidated mortgage bonds has
been made, of which $2,133,000 has been disposed of, $750,000 is in
the hands of the trustee to retire these prior lien 5 per cent gold
referred stock, $2,bonds, and the remainder held for betterments,
donald,
A
i-
O 0,000; common
stock, $1,500,000, of which in treasury, $437,500.
Earnings for 1900: Gross, $387,205; net, $198,691; Interest on prior
lien bonds (this issue), $37,500; balanoe to pay interest on consols and
dividends on stock, $161,191. The net earnings are over five times
the interest charge on the $750,000 prior lien bonds. The net earnings for the first eix months of 1901 show an increase over the preceding year, and the manager of the company estimates the net earnings
for the current year at $212,000. The operating expenses are less
than 50 per cent of the gross earnings, a creditable showing accounted
for by the large water-power plants owned by the oompany, which
have a oapacity of 7,400 horse power.
The plan under which the company was organized, with a
description of the several classes of securities, was in V*. 69,
p. 133.— V. 73, p. 725.
Waltham
(Mags.)
Gaslight
Co.—Stock.— The company
capital stock from $175,000 to $235,000,
the new stock is offered until Nov. 1 pro rata to present
stockholders at 110 per $100 share, payaole in equal instal-
having increased
ments Nov.
—
its
12, 1901,
and Feb.
1,
1902.
The semi-annual construction supplement of the "Railroad Gazette," published Oct. 11, shows the extent of new
railroad and bridge work in the United States, Canada and
Mexico. It is a list of new railroads and extensions and important improvements of old lines, arranged alphabetically;
also of proposed bridges. There are 1,689 definite railroad
projects recorded as by 1,038 companies in the United States,
Canada and Mexico. Addresses are given of the operating
officers of the newer companies, and also of the contractors.
The Broun- Green Company, printers and stationers, 40
Beaver Street, have issued a very attractive and interesting
booklet on down-town Old New York. It gives the history
ot the principal streets in the lower part of the city and
locates the prominent homes and business places of importance in the past.
—
October
15)01.
19,
2£lx*
Ht-
J
HKOM1ULE.
(
COTTON.
©xrmtttjeraal %xtats.
COMMERCIAL EPITOME.
Friday Night, Oct.
18, 1901.
The general business tituatiou has been without new important features. The retail trade has been quite generally
reported as good, and this in turn has been reflected in steady
to firm market in first hands. Prices now ruling for many
articles of merchandise are on a fairly high basis, and while
buyers have been steady purchases of such supplies as have
been needed to meet current wants, they have shown little
disposition to place orders in anticipation of future requirements. In the speculative markets the feature has been an
up turn to prices for coffee, based on unfavorable crop news
from Brazil. Cotton prices advanced early in the week on
heavy frosts in the western section of the cotton belt, bnt
the advance was not maintained. The new winter-wheat
crop is reported making a good start, and the acreage has
been increased.
Lard on the spot has had only a small sale, demand being
light from exporters and refiners. Offerings, however, have
not been large and prices have advanced slightly, closing
steady at 9"90c. for prime Western and 9 25@9 50c. for prime
City. The demand for refined lard has continued to drag
and prices have weakened slightly, closing at 10c. for refined
for the Continent. Speculation in the market for contracts
has been quiet, but prices have advanced slightly on smaller
,
raiDAi NiuHT, October is. lswi.
Iue Movement of the Crop, as indloated by our telegrams
fromthe South to-night, Is given below. For th.- w^k ending
this evening the total reoelpts have reached 861,840 bales,
tgainst 280,901 bales last week and 219,717 bales the previous
week, making the total receipts since the 1st of Sept., 1901,
,880,870 bales, against 1,601,228 bales for the same period of
r
900. showing a deorease since Seit. 1, 1901,of^7(»,-) >a bales.
1
1
Uttiptt at—
9-85
977
9-72
Tut*.
I
Tkvn
Wed.
Total.
lalveston
14, 101 13.3.0 87.28S 14,803 13,592 21,931 105.214
4M3
dab. Pass, <fco.
4fc3
Mew Orleans.. 11.C53 16,733 13,713 16,346 16.C82 17,5-5 92.412
1,863
2,589
1,970
955 11,521
2,147
1.997
aoblle
5,090
'eneaoola, Ao
5,090
avannah
8,461
9,284 13,820 9,568 10,603 11,085 62,821
1.764
Brnnsw'k.Ao
1.764
3,132 3,054 2,329
1,756 17.916
harleBton...
2,109 5,536
Pt.
Royal, Ao
10
Wilmington....
Wash'ton.A-o.
forrolk
S'p't News, Ao.
2.C55
4,245
5.525
3,021
2,849
7,032
8,327
2,449
7,817
5,014
4,460
50
8
6CO
41
7,476
162
1,050
10
25,327
11
30,143
11
Sew York
4
Boston
Baltimore
985
1,546
8
162
2,100
2,581
1,398
1,596
1,398
Ao
"I.lladel'e.
Tot. thin
202
711
.
week
233
50
400
980
4
5,107 54,278 73 928 64,105 54 358 80.173 361. C-49
The following shows the week's total receipts, the total since
and the stook to-night, compared with last year.
dept. 1,1901.
1900.
1901.
Receiptt to
Tkit
'
Ootober.
Mon
Sal.
,
The close was steady.
DAILY 0LO81NO PBIOBB OF LARD FUTURES.
Mon. Tuet. Wed.
Sat.
receipts of hogs.
857
Oct. 18.
\
votek.
Since Sep.
1, 1901.
Tkii
week.
Stotk
Since Sep
1,
1901.
1900
1900.
I
Ttiurt.
990 992
have ad-
Pork has had a slightly better sale and prices
vanced, closing at $15 50@16 75 for mess, $17 50 for family
and $17 50 §20 for short clear. Cut meats have had a moderate sale and have brought steady prices, closing at T^QTJ^c.
for pickled shoulders, 10^@10- ^c. for pickled hams and
93^@10)^c. for pickled bellies, 14@10 lbs. average. Beef has
been in better demand and steady at $9 50@10 for mess, $L0@
11 for packet, $11@13 for family and $18 50@19 for extra
India mess in tcs. Tallow has been dull and easier at 5^@
5%c. Stearines have been quiet, closing at 10%@llc. for
lard stearine and 10%c. for oleo stearine. Cotton-seed oil
has been quiet and easier at 40@4lc. for prime yellow.
Butter has been in fair demand and steady at 15@22c. for creamery. Cheese has been quiet but steady at 7@10^c. for State
Fresh eggs have had a fair sale at
factory, full cream.
steady prices, closing at 22@22>£c. for choice Western.
Brazil grades of coffee have been tirmer. The crop movement has continued large and the distributing business has
been limited. Prospects for the growing crop, however, have
been reported untavorable, and this with stronger European
and Brazilian markets has advanoed prices. The close was
active at 6%c. for Rio No. 7. West India growths have had
a fairly large sale and prices have advanced slightly, closing
at 7%c. for good Cucuta. East India growths have been in
fair demand and firm.
Speculation in the market for contracts has been on a fairly extensive scale, and prices have
advanced sharply on unfavorable crop news from Brazil.
The close was active and higher. Following are the closing
asked prices:
Oct
5-80o. Jan
6 05c. July
6-55o.
Nov
5850. March
6 20o. Aug.. .......... 6 6(JC.
Deo
5-95o. May
61O0. 8ept
6-70e.
Raw sugars have been in better demand offerings have
been limited and prices have advanced to 3 13 10@3^c. for
!
422,317 88.746
2,809
2,178
303,487 132,219
32.781
8,909
ialveston
105.214
4^3
8ab.P.,Ao.
*ew Orleans 92.412
11,521
mobile
5,090
t"saoola,&o.
la van nali.
62,821
Br'wlok.Ao
1,764
17,916
Jharleston
.0
P.Koyal.A
Wilmington 25,327
11
WaHh'n, &u
30,1 43
Norfolk
162
N'portN.,Ai'
2.1C0
New York..
2,581
Boston
Baltimore
2,398
"hlladel.Ao
1,696
Totals
8.707
231,070
19,215
49,£99
10
74,193
47
65,089
1.0C2
7,376
4.004
5,153
3,711
249,081
159,460
142,201
93.5C6
27,986
201.954
24,773
9i,8eo
7,042
20.594
102,057
7,951
25,367
42,054
29,631
19,556
27.393
5,291
554,312
39,149
15,302
841,389
21.340
103,960
10
122,829
188
118,829
4,147
60,742
1,763
19,495
12,760
53
28,813
3,531
5
833
3,300
15,651
3,947
3,660
79,372
4,372
37,175
6,000
3,268
4,386
361,949 1,230,375 374.233 1,601.228
554.272
612.988
1,948
3,100
9,298
1,241
818
5,001
3,165
In order that oomparlson may be made with other years,
we give below the totals at leading ports for six seasons,
Receiptt
at—
1901.
1900.
1897.
1898.
80,841
104,758
15,781
37,242
21,227
17.200
33.688
3,647
26,926
422,379
370,541
330.571
139,899
74,777
12,914
64,877
41,7€0
24,7t8
32,811
1,948
396
23,370
19,963
264,054
90,924
132,219
8.909
60,742
19,495
12,813
23,813
wk.
371,233
1896.
113,260
80,288
12,453
65,208
23,626
18,£67
31,208
894
25,037
89,085
73,184
8,245
33,364
11,500
11,104
17,213
105,697
92,412
Mobile
11,521
Savannah .
62.821
Obas'ton, Ac
17,926
Wllm'ton, Ac
25,338
Norfolk
30,543
N. News, Ao
162
AH others... 15,529
Ualves'n.Ac.
New Orleans
1899
923
18,911
<
-
Cot. this
361,949
I
;
centrifugals, 96 deg. test, and 3 5-18@3%c. for muscovado,
c9»deg. test. Refined sugar has been in fair demand at 5- 10c.
for granulated. Other staple groceries have been steady to
firm.
Kentucky tobacco has had only a limited sale, but prices
have held steady. The demand for seed leaf tobacco has continued limited to small orders and the sales for the week
amounted to barely 1,000 cases; prices have been unchanged.
Havana tobacco has been
dull, but Sumatra has been in moddemand, about 300 bales selling at 70c. @$1 60 in bond.
Only a small volume of business has been reported in the
market for Straits tin and under moderate offerings and
easier foreign advices prices have weakened, closing quiet at
24-25® 24-75c. Ingot copper has had only a limited sale, but
prices have held steady at 16-85@l7c. for Lake. Lead has been
unchanged and steady at 4-37^c.
Spelter has weakened
slightly, closing at 4-20@4*25c.
Pig iron has been quiet and
unchanged at $13@15 50.
Refined petroleum has been mnchanged, closing steady at
7*65c. in bbls., 8*7oc. in cases and 5'lOc. in bulk.
Naphtha
has been unchanged at 905c. Credit balances have been
unchanged at $1.30. Spirits of turpentine has continued to
advance, closing steady at 38^@39c.
Rosins have been in
moderate demand and firmer at $1 45 for common and good
strained. Hops have beem quiet and easier. Wool has been
erate
quiet but steady.
81noe Sept.
1
1230,375 1601 228 1546,362 1862.299 1781.095 2006.302
The exports
for the week ending this
of 205,094 bales, of whioh 108,862 were
evening reach a to al
Great Britain 35,833
toFranoe and 60,399 to the rest of the Continent, Below
are the exports for the week and since Sept. 1, 1901
,
1
Wuk Mndint
Oct. 18. 1H01
JromS#»r.
from—
Qrtat
Brlt'n
(Jalreiton....
Sab. Paai, Ao.
32,962
New Or leant.
61.378
Total
1.
1801,
J.
Oct 18. 1901.
SxvorUA to—
Ssported to—
Export*
Ortat
France
Oontirunt.
With Britain
21,347
12,568
66,877
......
......
6,400
i7,ie3
78,911
......
4,690
0.59i
7.820
17,862
24,982
18,486
6,542
106.S64
98,591
Franc
Oonti-
I«i«.
TWf.l
73,c37
B&880
870.781
908
908
28.861
96,161
223,613
900
7.497
7,6:0
74,728
Mobile
Pemaoola..
Savannah
Brnnewlok
.
..
4.C90
.
3.702
9,844
30.7 tO
LO.7.0
4.716
49,009
116.605
Charleston..
Port Royal..
Wilmington..
......
4,230
4.746
22,298
3,950
63.442
4,260
N'port ST., Ac.
New York.
.
14,502
1,466
6,380
Baltimore....
Philadelphia.
......
......
?,478
3,478
3,889
too
300
8,498
3,41-8
SCO
3anFran.,Ao..
Total, 1P00
4.051
71-0
780
uo.suy 206 0c 4
108,809
35,833
lao.sHfi
27,100 ua.Hoi 2C
1.48(1
300
M70
6,152
11.461
200
500
6.586
e.586
310.186 114.072
860,315
7fc0.373
633 672
377.600 L.001
1
0,601
-<&5
THE CHRONICLE.
858
In addition to above exporta, our leiograina 10-ulght aino
five as the following amounts of cotton on shipboard, not
We add similar figures for
cleared, at the ports named.
Mew York, which are prepared for our special use by Messrs,
Lambert & Barrows, Produce Exchange Building.
*
O K
a
UTURB8.— Highest, lowest and oloslng pricen at New York.
HO
*B » H B
=, _,
rr
GerOther OoattGreat
Britain Vr'nce many. For'gn %cise.
•
1
•
Orleans
Galveston. ...
Savannah
Oharleston...
Mobile
Norfolk
New York
.
Total 1900..
Total 1899.
77,199
69,278
74.460
6,444
15.986
9,056
71,610
36,638
67,331 22.118 33,601 39,399 11,159 193.601
360,671
83,652 34.531
87.440 34,545
134
500
2,525
8,6'do
20,914 209,919
20,254 226,973
70,822
84,734
On this basis the official prices for a few of the grades
past week— Oct. 12 to Oct. 18—would be as follows.
for
fche
UPLANDS.
Sat.
;»ood Ordinary...
iiow Middling....
.middling
i^ood Middling...,
Mon Tues Wed Tb
71*
8ig
8^16
8'8
9^16
V'16
she
Middling Fair
8*2
813 16
914
GULF.
Sat.
85 16
Middling
Sood Middling.
Middling Fair..
STAINED.
8*6
8'8
95 16
7%
7%
7h
838
838
83s
8%
8 13 ie
9»8
9i«
9%
9 9 16
9» 16
Sat.
7**
8^8
8 9 16
8*8
9 B 16
loa Tues Wed
3ood Ordinary.
Low Middling..
7^
8\he
918
99 18
Mon Tues Wed
7
.Low Middling.
Middling.....
Middling Tinged...
Good Middling Tinged
7 7 16
Prl
7 7 16
She
8»9
813 16
8 1*
bis 16
8B 16
I,
8^
8*
SI"
912
9*
Tit.
Prl.
914
9H
Tk. Fri
11
™
8
She
|*1G
7
8
7
8
818
8>a
as
83 16
8016
16
fo
°9
8*
89 t8
16
8ia
8*8
8ia
1
I
*>
•
:
I
•
•
1893. ...0. 89 16 1885. ...0. 913 16 1877....0.115 18
915 16 1876
1884
10 7s
1892
„ 8i8
1900
109 16
147 16
87 16
1883
1875
1891.
1899
16i8
Hi*
1882
1874
1890.
1898
10M
16»8
109
11
1881
1873
"a
1897
1889
l6
113 16
1872
9Hi6 1880
1896
1888.
198s
9i*
1871
1879
19»8
1895
1887.
10'b
16i8
95 18
1878
10
1870
1894
1886
Note.—On Oot.l, 1874, grades of ootton as quoted were changed.
According to the new classification Middling was on that day quoted
*80. lower than Middling of the old olasslfioatlon.
8ifl
MABKBT AND
spot mabkbt
Closed.
BALES.
Futures
Market
Closed.
Firm at lie adv.
Steady at he ad. Very steady.
Tuesday... 8teady ..........
Wednesday Steady
Thursday.. Quiet at lie dec
Quiet
sales of Spot
& Contract.
Ex-
Oon-
Con-
port.
tump.
tract.
..
....
760
358
90
615
3C0
443
2,566
X <1
GOOD
6© o©
*-<S
9
I
9
II
I
II
9
19
XX OCQC
6©
©6
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made up by
'
The Visible &upply of Cotton to-nignt, as
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening,
But to make the total the complete figures for to-night
^Oct. 18), we add the item of exports from the United States,
Including in it the exports of Friday only,
1900.
1899.
1901.
1898
Stock at Liverpool...... balee. 138.000 162,000 703,000 530,000
Hock at London
18.000
42,000
16,000
178,000
15,000
65,000
200
200
7,000
Total Great Britain stock.
stock at Hamburg
Stock at Bremen
Stock at Amsterdam...
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
145,000'
3,000
706,000
27,000
121,000
3,000
533,000
17,000
61,000
2,000
1,000
200
300
4000
4.000
2,000
7,000
27,000
135,000
74,000
44,000
2,000
2.000
5,000
4,000
jtook at Baroelona
32.000
17,000
60.000
27,000
Stock at Genoa
6,000
13,000
23,000
5,000
^took at Trieste
2,000
12,000
10,000
17,000
Total Continental Btooks .
155,200 138,200
379,200 231,300
Total European stocks..
300,200 31»i,200 1,085,200 764,300
India ootton afloat for Europe
15.000
48.000
5,000
25,000
&mer. ootton afloat 'or E'rope. 520.000 689.000 532,000 645,000
Egypt. Brazil.&c. aflt.f or E'pe
28.000
40,000
45.000
24,000
Stock in Alexandria, Egypt...
70.000
96,000
81,000
67,000
Stock in Bombay, India
200,000 212,000 220,000 215,000
Stook in United States ports. . 55 1,272 612,938
828,832 923.013
Stook In U. 8. interior towns. . 397,478 374,401
581.738 476,932
31,052
20,310
United States exports to-day..
27,209
64,657
Total Visible supply
2,135,159 2,331,641 3,414,080 3,204,902
Of the above, totals of American and other descriptions are as follows
American-
for
91B 16
738
57 ia
63 16
7l5i6
914
5l5ie
Saturday
Oat
*)
,
middling upland at New York on
Oct. 18 for each of the past 82 years have been as follows.
The quotations
II
*".00
403,089
601,859
Speculation In cotton for future delivery has been on a
fairly extensive scale. There have been considerable fluctuations in prices; still for the week the net changes in values
are unimportant. Early in the week the tendency was upward, the prices touched on Monday showing a fairly sharp
advance. The feature was the weather news from the Western section of the cotton belt, heavy frosts being reported at
many poiDts. This created active and general purchasalmost wholly from recent
ing, and the selling came
buyers who were willing to take advantage of the
Daring the latter part
advance and realize profits.
of the week there was a gradual sagging of values.
The short interest appeared to be fairly well eliminated during the rise on Monday, and practically the only
support the market received was on continued baying by the
bull interest. The movement of the crop during the week
has shown a considerable increase, receipts running well up
to those of last year. The South has been reported as a
fairly free seller of cotton and exporters have been steady
sellers of contracts as a hedge against their purchases of cotton. The demand from spinners for cotton has continued to
be reported as largely of a hand-to-mouth character. To-day
there was an easier market. Liverpool advices were disappointing, weather conditions were favorable, and there was
moderate selling. The close was steady at a net decline for
the day of 2@7 points. Cotton on the spot has been steady,
closing at 8%c. for middling uplands.
The rates on and off middling, as established Nov. 21, 1900,
by the Be vision Committee, at which grades other than
middling may be delivered on oontraot,are as follows.
Fair
c. 1*8 on Striot Good Mid. Tinged. o. s 18 ob
Middling Fair
Even
.
H on Good Middling Tinged
Strict Good Middling
»*on Middling Tinged
% ofl
6 ieon Strict Low Middling Tinged
GoodMlddling
&a oft
3 i6 ofl
i^of!
Middling Stained
atrlct Low Middling
7 ift° fl Striot Low Mid. Stained... l^oft
Low Middling
3trlot Good Ordinary
IVsofl
h off Low Middling Stained
Good Ordinary
Hie off
1901. ...C.
I
itock.
Total.
16,307
90.182
17,400
14,450
12,000
10,500
7.768
25,000
3,316 6.601 1,007 5,246
44,513 13,214 80,432 11.618
8,700
6,400 2,300
6,325
5,600
9,0^0
2,500
"162 i',600
6,000
10,000
9,000 6,000
Total 1901..
Low
•
:
II
New
Strict
•
•
Leaving
18 at—
Other ports
b» bS bS
Oq
»
0*
OH RHIFBOAltO, NOT OLKARKD FOR—
2.5
25 £ » 5 2 25 a
dS>-B«tBt33iaa»5B»a
RR' >«*»• tfH> fit)
h
2 iI I B
'
a
*>
Oct.
[Vol. LXXIII.
700
100
Total.
760
358
790
715
300
443
800 3,366
644,000 454,000
328,000 171,000
American afloat for Europe.
582.000 645,000
United States stook
823,832 923,013
United States Interior Btocks.
581,738 476,932
20,310
United States exports to-day.
64,657
Total American
1,690,959 1,929,441 2,934,880 2,734,602
Matt Indian, Bratil, etc.—
Liverpool stock
55,000
55,000
59,000
76,000
7,000
16,000
Londonstook
3,000
3,000
Oontinental stooks
46,200
23,200
51,200
60,300
India afloat for Europe
15,000
48,000
25,000
5,000
24,000
Egypt, Brazil, &c, afloat
40,000
28,000
45,000
Stook in Alexandria, Egypt...
81,000
70,000
67,000
96,000
200,000 212,000 220,000 215,000
Stook in Bombay, India
Total East India, &0
444,200 452,200 479,200 470,300
Total American
1,690,959 1.929,441 2,934,880 2,734,602
Total visible supply
2,135, I5t> 2,38i,t>4i 3,4i4,0s0 3,204,902
33i 32 d.
429 32 d.
Middling Upland, Liverpool..
S^d.
3iied.
Middling Upland, New York..
8^0.
7:%o.
9%c
5 so.
Egypt Good Brown, Liverpool
i^d.
6iied.
78b<L
63i 6 d.
6i3 16 d.
Peruv. Rough Good, Liverpool
77 16 d.
Nom'l
7d.
4i5 32 d.
Broach Fine, Liverpool
e^d.
4ii 6 d.
35ied.
3i3
55 16 d.
nnnevelly Good, LlverpooL..
4»8d.
3iied.
16 d.
Liverpool stook
Oontinental stocks
bales.
.
.
83,000
109,000
520,000
554,272
397,478
27,209
107,000
lis.000
689.000
612,988
374,401
31,052
J3F" Continental imports past week have been 60,000 bates.
The above figures indicate a decrease in 1901 of 246,482
bales as compared with same date of 1900, a loss of 1,278,921
bales from 1899 and a decline of 1,069,743 bales from 1898.
OCTOBER
THK (CHRONICLE.
1901. j
19,
—
At tiik Intkkiuu Towns the movement that 1b the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
Jorrespondlng period of 1900— is set ont in detail below.
Quotations pob Middling Cotton at Oram Maukets.—
Below are olo Ing quotations of middling ootton at Southern
and other principal ootton market* foi eaoh day ol tha week.
Werk endnty
OeL 18
(JlllvchliPll
New Orleans
Mobile
Havaunali
Charleston ..
Wilmington.
Norfolk
Boston
Hultlmore
.
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g
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screi
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The aoove totals show that the interior stocks have inareaaed during the week 69,207 bales, and are to-night 23,077
bales more than at same period last year. The receipts at al)
towns have been 5,179 bales more than same week last vear.
Ovebland Movement fob the Week and Since Sept. 1.—
below a statement showing the overland movement
for the week and since .Sept. 1, as made np from telegraphic
reports Friday night.
The results for the week ending
Oct. 18 and since Sept. 1 in the last two years are as follows.
We give
1901.
October 18.
Week.
1900.
Since
Sept.
1.
Binct:
1
Week.
Sept.
MMppeAVl»8t. Loala
,.
Via Cairo...
Via Paduoah
Via Rook Ipland
Via Loulavllie....
Via Cincinnati
via other routes, &0..—
21,988
^ ^..
Total gross overland.
2.981
66.730 33,177
12.934
7,108
500
9is7
4,941
3,86'
8,103
5,821
1,899
15,722
3,461
95,042
24,854
1,362
6,237
9,430
4,806
9,713
—
3,541
4,034
2,512
2,846
.....
37,902
114,251
50,949
151,444
8.675
14,460
3,298
1,084
20,249
3,829
7,381
795
26,558
12,099
6,809
10,246
31,459
18,553
45,466
Deduct thipnunti—
Overland to N. Y., Boston, &o
Between Interior towns
<fco., from South
487
Inland,
Total to be deducted
_.
Leaving total net overland*. 27.6561
82,792 32,396 105,978
* Including movement by rail to Canada.
The foregoing shows the week's net overland movement
this year has been 27,656 bales, against 82,396 bales for the
week in 1900, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 23,186 bales
1901.
In Bight and Spinner
Taktngt.
Week.
Receipts at ports to Oot. 18
Wet overland to Oct. 18
Southern oonsnmptlon to Oct.
Total marketed
Movement
week 492.812
506,1621
1,810,340
to Oot.
18 62,271
2,239,960
183,499
196,5331 29,742i
bales. 405.222
569,450
465,464
435,061
Si
« Kept. 1.
bales. 2,271,996
.
1899
1898
1897
1896
.
8*8
86 18
8 5 10
-
B
8%
9H
7's
8
8i«
H
8'l6
8
8*18
H
8
8
81«
8^16
&B
8^ie
8>2
8^8
H
18
18
S^ie
BUa
M
<
7
«
8'l8
71:,
18
71B,
SH
B»lfl
9*i
B*a
813, 8
8 ]4
83 16
ffia
814
838
8V1
8»8
8^
6
»H
BSi
I6
e^a^
8»4
8>4
8>4
10
8
8i:i
8»4
hi*
83i fl
8>4
Thurt.
*-
83s
8ia, e
8«4«B 16
8*6
8»e
81*
WeJru:
S'.'m
Athens
8
Atlanta
charlotte
7i 3 la
7?e
7»8
Columbus, Miss
Eufaula
8i«
fe',8
8>4
838
Rook
7*4
...
7al"
Montgomery...
713 16
Little
from the South
8*4
8»e
8 1*
8 3 18
86 ia
8>4
8»8
»H
»h
8'l8
si«
B»ii
8>*
8"*
8»8
Nashville
8
Natchez
8',8
Raleigh
Shreveport
7 1& ie
«i<j
telegraphic ad-
tveniDg denote that, as a rule, tbe
gathering of cotton has made rapid progress under favoring
weather conditions during the week. While rain has fallen
in a number of sections, the precipitation has been light with
but few exceptions. Lower temperature has prevailed quite
generally, with light frost in many districts and killing frost
reported in a few localities. In Arkansas and Texas, it is
claimed, there wili be little or no top crop, and correspondents at some points complain of light yield. Our Charlotte,
N. C correspondent remarks that cotton is opening but
this
slowly.
—
Galveston, Texas. The weather has been favorable for
picking over the whole State, but many reports are coming
in of light yield.
Advices as to the top crop are disappointing, as they indicate that there will be little or none.
Frost
has occured in some localities and at a few points it has
been reported as killing. It has teen dry all the week. Average thermometer 63, highest 78 and lowest 58.
Abilene, Texas.— There has been no rain during the week.
The thermometer has averaged 61, the highest being 82 and
the lowest 42.
Brenham, Texas. There has been no rain the past week.
The thermometer has averaged 65, ranging from 42 to 87.
Corpus Christi, Texas.— Dry weather has prevailed all the
week. The thermometer has ranged from 62 to 86, averaging 74.
Dallas, Ttxas.—We have had no rain the past week.
Average thermometer 61, highest 80 and lowest 41.
Henrietta, Texas.
have had no rain the past week.
The thermometer has averaged 61, the highest being 84 and
the lowest 38.
Hunt&ville, Texas. There has been no rain during the
week. Thermometer has averaged 61, ranging from 41 to 80.
Lampasas, Texas. There has been no rain during the
week.
Freezing temperature on one day.
The thermometer has ranged from 30 to 87, averaging 59.
Longview, Texas. There has been no rain during the
week. Average thermometer 61, highest 81, lowest 40.
Palestine, Texas.
have had no rain the past week.
The thermometer has averaged 66, the highest being 90 and
the lowest 42.
Paris, Texas.—
have had no rain during the week. The
thermometer has averaged 60, ranging iroru 37 to 62.
San Antonio, Texas.
have had no rain during the
week. The thermometer has ranged from 46 to 84, averaging 65.
New Orleans, Louisiana.—
have had rain on two days
during the week, the precipitation reaching forty-six hundredths of an inch. Average thermometer 67.
Shreveport, Louisiana.— Light frost occurred on the 14th.
There has been rain on two days of the week, to the extent
of two inches and twenty-eight hundredths. The thermometer has averaged 61, the highest being 80 and the lowest 42.
Leland, Mississippi.— We have had light frost on three
days of the week. The week's rainfall has been one inch
and twenty-eight hundredths
The thermometer has
—
— We
—
—
—
— We
We
— We
We
ranged from 37 to 78, average 54*1.
Columbus, Mississippi.— Frost occurred on the 15th, but
without apparent damage to the plant. There has been rain
on one day during tbe week, the precipitation being ten hundredths of an inch. The thermometer has averaged 57, ranging from 37 to 76.
Vicksburg, Mississippi. Light frost occurred on the 15th.
The weather conditions have favored the picking of cotton.
It has rained here on two days during the week, the precipitation being ninety -five hundredths of an inch. Average
thermometer 61, highest 82 and lowest 40.
Greenville, Mississippi. The weather was cold in the early
part of the week, witb lifjht frost on one day. Since mild
and favorable for gathering the crop.
Little Pock, Arkansas.
Labor is plentiful and picking is
making good progrees. There will be but little if any top
—
—
into sight in previous years
Week.
1889
1898
1897
1896
Sincr
Sept 1.
Week.
423,605 1,542,167 435.629 1,910,206
69,207 268.173 70,533 329,774
into sight during
Total In sight Oot. 18
Horth'n spinners tak'ge
1.
361.949 1,230,375 374,233 1,601,228
27,656
82.79S 32,890 105,978
18. 34.000
229,000 29,000 203,000
nterlor stocks In excess.
Came
1900.
Since
Sept.
.
Tuei.
—
,
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C^OO*cji-4»1000«00>UiJ'C»J-WO)a-ia)li;WM tcCOcjorJ-cOT.i
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CO
Inoj
—
*t
W
:ill ..
9*t
Hon.
Weather Reports by Telegraph.— Our
-)->
to
ii
Satur.
.N
The closing (juotations to-day (Friday) at other important
Southern markets were as follows.
vices
to
H <| H
u a^ C <0 QDCOOD^
COHOSH
WJOrfkO*
Hcsoopoow — o^» coco
aoClf^tO
fr-fOD
o"otoW-4"wo>osii».c6 wtqc^awHioaoVtoai'i^wiaoiooto'c ic
to,
p
">&
In
CLOSING yUOTATJONH FoH MII.DLI
'-c
— Otoac lo'k-acltk'b CO
OlKtOOWWO)M(X!-HIO>-0!^(OaoO*-aii
ol«jooco«j — u toootjtotoaocto — «^~iw p—
cr CO
1
ex
oo
;
tOO -J;
OOtO tOtOOSCX
to #• cc
to
« h .— y *©<I^«WW
co«'
in'
Columbus Ga
WottOcv-05<->CO*.'m^cxrf».oc£>o^OO>aJ»H^JO<tO-'inWp^ojcji-i
'tOWaV^co-
'1
Louisville
l
9 x050c»k bO~JaL'pf.w^wo^ciiot»»swcr. -joiu*i:sH-iOis•OKICCCO
Louis....
Houston
1
*-
.
Philadelphia
.
859
2,560,316
2,375,339
2,669,268
—
TBE CHRONICLE.
860
There has been rain on two days of the week, to the
crop
extent of one inch aDd four hundredths. The thermometer
has averaged 59, ranging from 89 to 80.
Helena, Arkansas. Picking is progressing very well. The
crop shows no improvement. Rain has fallen on one day of
the week, to the extent of one inch and fifty-five hundredths.
Memphis, Tennessee. The rain interfered with picking in
the early part of the week, but latterly rapid progress has
been made. We have had rain on two days of the past week,
to the extent of one inch and twenty-two hundredths. Average th9rmometer GO'6, highest 80"4 and lowest 41.
Nashville. Tennessee.— There is no improvement in crop conditions.
We have had rain the past week to the extent of
fifty-one hundredths of an inch. The thermometer has averaged 59, the highest being 81 and the lowest 37.
Mobile, Alabama.— A general frost occurred in the interior
on Tuesday morning, being reported light in some localities
and killing in others. There has been rain on one day during the week, the rainfall reaching ten hundredths of an
inch. The thermometer has averaged 67, ranging from 44
to 82.
Montgomery, Alabama.— Picking and marketing uninterrupted. The weather is now bright and cool. Light frost
has occurred in this vicinity. We have had rain on two
days of tbe week. The precipitation reached but two hundredths of an inch. The thermometer has ranged from 41 to
80, averaging 63.
Selma, Alabama —Light frosts occurred on two days. The
weather has been favorable for gathering the crop and rapid
Farmers continue to
progress has been made with picking.
There has been a trace of rain
claim that the yield is light.
on one day during the week. Average thermometer 58, highest 77, lowest 37.
Savannah, Georgia. It has rained on one day of the week,
the rainfall being three hundredths of an inch. Average
thermometer 68, ranging from 50 to 84.
Augusta, Georgia. Picking and marketing are progressing rapidly. Light frost has occurred this week, but did no
have had rain t j the extent of one inch and nineharm.
teen hundredths. The thermometer has averaged 62, the
highest being 81 and the lowest 43.
have had rain on three
Charleston, South Carolina.
days of the week, the precipitation being fifteen hundredths
of an inch. Thermometer averaged 68, ranging from 52 to 83.
Stateburg, South Carolina. White frost occurred on low
grounds on Wednesday morning but did no damage. The
week's rainfall has been fourteen hundredths of an inch on
two days. The thermometer has ranged from 43 to 82, averaging 66 '4.
Greenwood, South Carolina.— The weather has been favorable, and picking and marketing have progressed rapidly.
We have had rain during the week to the extent of sixty-five
The thermometer has averaged 63.
hundredths on one day.
the highest being 74 and the lowest 53.
Charlotte, North Carolina. The days have been seasonCotton is opening but slowly in
able, but the nights cool.
this section. There has been rain on one day of the week,
With that
the rainfall being one ioch and two hundredths.
exception weather has been favorable for gathering the crop.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
3 o'clock Oct. 17, 1901, and Oct. 18, 1900.
—
—
—
—
[Vol. LXXlii.
Movement from all Ports.—The
India Cotton
1001.
Hccexptt at-
tOmbay ....
|
Sept. 1.
12,000
—
New Orleans....
Memphis
Nashville
Shreveport
yioksburg
Above sero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Oct. 18, '00.
Feet.
Feet.
3-8
OO
40
56
20
49
2'0
8-0
3
3 2
Texas Weekly Crop Bulletin.—The weekly Crop BulTexas Section of the Climate and Crop Service
Weather Bureau for the week ending October 14 re.
letin of the
of the
to cotton as follows
The weather during the week was generally unfavorable In the sections of the State where rain fell for securing crops and for outdoor
work; cotton picking was considerably retarded. Cotton picking Is
nearing completion in most localities and is over in others. Reports
f erred
:
lndioate that very little cotton will be left In the fields at the close of
the present month. In some sections a light top crop of cotton Is anticipated, but over the greater portion of the State fields will be abandoned as soon as the first picking is completed.
61,000
24,000
5,000
Continent.
Britain.
Since
Week.
Sept. 1.
For tke Week.
Great
Sept. 1.
11,000
40,000
Since September
Ortat
Britain.
Total.
1
Oontxnent.
Total.
Bombay—
1901
1900
1899
Calcutta—
1901
3,000
2,000
3,000
7,000
2.000
13,000
38,000
2,000
13,000
47,000
2,000
2,000
3,000
5,000
1,000
3.000
6,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
2,000
1,000
2,000
2,000
1,000
16.000
13.000
7,000
16,000
14,000
7,000
6,000
5,000
6,000
5,000
12,000
10,000
33.000
57,000
11,000
33,000
67,000
11,000
5,000
1900
189*
9,000
Madras—
1901
1900
1H99
others1901
1900
1899
ill
all—
1901
I'otal
1900
1899
ALEXANDRIA RECEIPTS AND SHIPMENTS OF COTTON.—
Alexandria, Egypt,
October 16
1901.
1900
1899.
260,000
753,000
200,000
551,000
320,000
956.000
teoeipts (cantarB*) . .
This
week
•?inoe Sept. 1
Th.it
Since
week.
Sept. 1.
Thi$
week.
Since
Since
Sept. l.
week.
Sept. 1.
'.iports (bales)—
To Liverpool...
*
t
10.000
6,000
23,000
40,000
3,000
4,000
22,000 12.000
24,000 9,000
37,000
34,000
16,000
63,000
7,000
49,000 2), 000
71,000
A oantar is 98 pounds
Of which to Amerioa In 1901, 4,061
bales; in 1900 3,687 bales;
In 1899, 2.498 bales.
Manchester Market. — Our report received by cable
to-night from Manchester states that the market continues
quiet for both yarns and shirtings.
Manufacturers are
generally well under contract.
give tbe prices for
to-day below and leave those tor previous weeks of this and
last year for comparison.
We
—
Oct. 17, '01.
Since
*"*
Bzportt
from—
1899.
1900.
Binci
Week.
We
—We
reoelpta
cotton at Bombay and the shipments from all India ports
for the wook ending Oct. 17, and for the season from Sept. 1
to Oct. 17 for three years have been as follows:
)f
1901.
32» Oop. 8H
ingt,
Ibi.
Twist.
8p. 13 7*8
" 20 7*8
« 27 7
©81*
©S^
©8
©8
Oct. 4 7
" 11 7H ©8*e
" 18 75 16 «83 16
1900.
Shirt
Oott'n
common Mid. 82i
Vplds
to finest.
d
4
3
s.
d.
d.
8H
d.
lot. Skirt- Oott'n
Oop. ing*,
Twist.
d.
common Mid.
Upldt
to finest.
s.
d.
s.
Cotton Raising
m
I
in
d.
d.
4i9 3a 9i* © 10U5 10>fl©8 6
©8 3
4H 16 9'« » 10H5 9 ©8 4««
98 2
4»8 93s 9 IOI4 5 9 08 4i«
3 08
3 ©8 1^ 4% 914 © 10V5 8 ©8 3
43i 32 8i5i 6 99 78 15 6»«©8 IV
4 ©8 3
429 32 8 »4 a 93) 5 6 ©8
4»*©8
German West Africa. — Under
7B 3a
613 18
65 le
6? ia
6
689
date
of Brunswick, Germany, Sept. 6, Mr. Talbot J. Albert, Consul of the United States, furnishes to the State Depirtment
the following article from the Brunswick Laudezeitung of
Sept. 1.
If the present attempts succeed, a great future is opened to our Togo
colony. The Government has taken into its service four intelligent
negroes from Alabama, who have ha i a good sohool training and are
experienced in the cultivation of cotton. They were selected by the
President of the Tuskezee Institute in Alabama Tae mea left New
York last year, taking with them all neoessary tools and maohines.
The President of the Tuskegee rusticate has receive! a letter rom one
of them, saying: " We have brought under cultivation 40 hectare*
(100 acres) of land, and a part of ithis been planted inootton, Indian
corn and peanuts. The oottton has already in >r-» fruit than many a
farmer in Amerioa gets ia a whole harvest. Six month* ago, there
was nothing to be seen here but the thtoket and elephant grass, but
to-day several buildings have been erected. I am engaged in setting
Cotton Movement and Fluctuations, 1896 1901.—New up the ootton gin. so as to be ready for the harvest. I had the natives
glad to work, but they oannot accomplish muoh, and soon become
York Latham, Alexander & Co. (Twenty-eighth Annual are
tired." It is reported from Alabama that there are many colored
:
— We are pleased to acknowledge
Edition).
to Messrs.
our indebtedness
cotton planters preparing to settle In Togo.
The attempts
of the En-
Latham, Alexander & Co. for a copy of their ex- glish to establish ootton planting la Africa hive fa'led, because the
ceedingly handsome as well as useful publication, "Cot- work was done oy white men, who could not stand the hot climate.
Germans have made the experiment with negroes, whose ancesThe current edition, The
ton Movement and Fluctuations."
tors came from Africa, and who have become masters of ootton plantfollowing the plan pursued in former editions, opens ing in Amerioa. This pioaeer work opens the prospeotof the developwith a general review of the New York cotton market ment of a mighty cotton industry up in German colonial soil.
for the
season 1900-1901, and the pages immediately
Mr. Albert adds that
succeeding are devoted to Messrs. Ellison & Co.'s annual
"Togo is the most northerly of the German possessions
Among the new in West Africa. It is situated on the Slave Coast, almost
letter on the cotton industry in Europe.
features of the book is a description of the building directly under the equator, between British Ashanti and
now under construction for the New York Stock Exchange French Dahomey. It has about 26,000 square miles and an
and an illustration showing appearance waen finished. estimated population of 500,000 inhabitants. It is conseSpace is also given to the United States Census Report of the quently about one-sixth less than the State of South Carolina
quantity of cotton ginned in 1899 1900 in each CDuaty of each in size, and has about one-third of the population of that
State. The statistical matter which covers acreage, produc- State.
Under
Its chief export has hitherto been palm oil.
tion, movement, consumption, &c; in fact a great mass of the most favorable circumstances, it can hardly become a
interesting matter is brought down to the close of the cotton dangerous competitor in cotton.
Whether cotton raising in
year of 1900-1901. The publication should prove of especial the other possessions of Germany in the same region will be
value as a ready reference to those interested in cotton.
equally successful remains to be seen.
October
19,
THK (JHKONIOLK.
1001.]
Government Weekly
Cotton
Rbpobt.—The regular
by the Cliiuiite and Crop Division of the U. B, Weather Buieau through the Ne.v Orleans Weather Office for the week ended October 15, and telegraphed to the New York Cotton Exchange, is [;m follows
Noktii Carolina.— Picking Is well advanoed, hut no lmprovi-nnnt
weekly cotton
the extent of the crop. Light fronts In thr early purl of the
week did damauc; 10016 damage lo Immature hulls by heavy down,
and tome top bolls aie hard and will not open
801:111 CAROLINA. Cotton U oiumiug fanter now and ploklnK 1*
keeplug up with he opening, hut many holln are still immature there
la a poor to(i oropj holl worms are doing nanio damage.
GEukoia - Cotton picking haH been completed in a few oounttes,
and Is three fourth* ooinpleted in others. No improvement In the
yield, which i« oonaldeiabiy below the average, with a shortage of lint.
FLORIDA. Qood progtess has been made In [ilckinir. The plant ll
dying and bolls are rotting. The bulk of the crop will bo housed by
the last of the mouth.
Alabama.—Ootton Is nearly all open and ploktng la being pushed.
The yield Will be considerably below the aver
Mississippi. Moderate to heavy rains have Injured ootton, but only
slightly; 00 1 ton picking In nearuui completion in some looalltli
yielding well In the southern por.lou, fair on lowlands In north portions, and poor on Uplands.
LOUISI vn a.— Cotton picking Is well advanoed and In some loc. ill ties
will soon be completed. The j lold Is considerably below the average.
Tkxas- Cotti u picking has been interrupted by the rains, but tbls
work Is ueariug completion and In many sections is finished. Little
or no top crop Is expected.
Arkansas.-— Cotton picking is progressing rapidly. Second picking
la nearly oompleted in localities.
Tkwi ssi k.— The gathering of cotton well advanoed; ootton Is opening well.
Oklahoma and Indian Territory.— Rains delayed cotton nicking
and caused some damage, but the greater portion of the crop is now
secured nnder favorable conditions; ootton crop about two-thirds secured, with light yields.
noted
New YORK—( Concluded)—
To Ot mm,
report, as issued
:
In
-
der favorable conditions. In Texas there la little or no top crop, and
filching is nearly completed, and In many sections is finished. Picking
s well advanced over the eastern portion of the cotton belt, and is
completed In some localities. lu Florida the plant la dying and bolls
are rotting, borne top bolls are hard and will not open in North Caro una.
Domestic Exports of Cotton Manufactures.— We give
below a statement showing the exports of domestic cotton
manufactures for August and for the eight months ended
Aug. 81, 1901, and for purposes of comparison like figures for
the corresponding periods of the previous
presented:
Month ending Aug.
QuanUtUt
of Manufactures of
Ootton (colored and uncolored)
ExporUd to—
United Kingdom
France
1«01.
SHi.078
4 403
20.94H
20T,3ba
6 '0.093
yards.
Germany
Otner Europe
British iSorih America
Cent'l America & Brit.
Honduras.
52.437
•
Mexico
343.UC4
638,005
370,741
Santo Domingo
Cuba
31.
1900
year
are
8 mot. ending
UOO-Oi.
020.300
9,239
I50,96t
186.861
1,080.790
393,020
3l7,On5
223,550
6,387,065
10.605
620.927
1,306.966
5,829,196
9,000.4 f6
2,463.990
8,204,761
8,371.203
Porto Rico*
Otber West Indies and Bermuda..
Argentina
1,4 67,1 61
178,4*8
Brazil
hH*v-:i:i
Colombia
Otber South America.
China
British East Indies
1, 437.183
1,238,876
21, 670,1(14
180 618
129 901
Hong Kong
Japan
11,608
300,00s
British Australasia
1 a waiian Islands*
2 21«,4S6 10,704.789
132.006
1.226.691
264,382
3.104,777
361,04
17,98K,359
2,'i 97,603
18.359,087
1,700,363 121.189,013
893 201
8,500.025
24.312
434,7*6
88,407
170,884
163,583
2.743,122
4:
1
'
Philippine Islands
Other Asia and Oceanica
45,01
192,491
659,35*
Africa
Other countries
Total yards of above
Total values of above
Value per yard
!
Germany
America
Mexico
Siinto
Jt
Brit.
Honduras.
Domingo
Cuba
667,71(0
17,052,670
2,912.001
87,191
$727.oop $12,795,3^0 $ll,0i9,9t0
•'0601
$t-535
$•0516
Other West Indies and Bermuda.
Argentina
|093>6S
*85
1,037
00,127
18,403
84.212
l*,9c9
175.068
28,8l2
54,147
8,102
3,280
27, It 2
403,i 62
38.H83
34,409
i.zat
12,21*
9 621
14^73
British East Indies
5,609
4,3al
8,849
13,109
41B
British Australasia
e.Otfw
27,1.17
...
Colombia
Other South America.
China
Hong Kong
Hawaiian Islands*
9.125
1.72o
2,406
3.687
8,995
l,W*f
151,767
1,893,757
327,901
307,250
14,71-5
102,201
'
69,882
Philippine Islands
'
Africa
Other countries
Tot. value of oth. manu fact's of.
val. of all cotton goods
8,027
4.420
e!?34
192
$530,823
12. Q',135
36,850
76.1f9
12,660
78.017
lti.599
8 5^0
'24.4H4
458
8.611-
1.111
13.729
12.00H
811.906
1 ,004
2,277
1.418
1,69s
23,166
66,4"2
60,736
0.294
29.«86
48,236
*8,7 18
3,914
6,012
221. Hid
211,366
6,298
67,763
24,701
6.653
$143,028 $1,145,924 $1,251,707
$1.170 036 10.H41.284 * 19,274.667
* Commerce between the United States
and For to Rico and Hawaii
not included after June 30. 1900.
Shipping
news.— As shown on
a previous page, the
exports of ootton from the United States the past week have
reaohea 205,G9i Dales. The shipments In detail, as made up
from mail and telegraphio returns, are as follows:
«_„ York—™
New
To
cr
4,049
steamers Calabria. 313.. .Hon
NEW oiti.KANs— To Liverpool— Oil 1 Bteamer apel
it 15 — Hteamer Indian, 20,000
Oct.
Politician, 16,716
To Helf.st-O t. 15 -Hteamer Tore [lead, .<)<><)
To Havre- Oct 17— Steamer Montauk 5,400
To Bremen Oot 14- Steamer J-'eit. 12,1
st, ain.-r Vohi. 3.050
p<-r
raisOO
1
1
mt-r
43,3714
.
.000
li1
nburg— Oct. L3—steamer Plnedi
To Rotterdam— Oct. 14—Steamer Basils, 10
To Antwerp Oot. 11 Steamer Llanaannor, 013
iia
•
IS
Steamer
PI nedene, 60.
B6S
ualtmhtok— To Livi-riMini Oot. 14 Steamers
....Oct 16—Steamer (kbal, 13,144
To Havre -Oct. 11 Steamer OrM, 10,631
15—
Oot.
Bteamer Mat tea wan, 10,716...
To Bremen—Oot. 16— Steamer Freshfield,
,347
?, \j.*
as, 8 18
in Hamburg— Oot 17 Bteami r Peerh
To Rotterdam— Oct. Ll— Steamer Campania, h
To Aurhaus Oct. 16—Steamer Oranarla, 1,022
To O no. 1— Oot. 1— Steamer Alexander Blxio. 4,426
teamer Burg rm
8,048 bales went to' Hamburg pei
Hoohman
and not
last week,
to
<
0.110a,
J
on
do.
phnsaoola— To Liverpool Oct. 12— Steamer Vivlua, 4,690
$av»nnah— To Havre-Oot. 16— Steamer ryiietliid, 7,620
2— Steamer Lynton, 7, LOO
Oct. Id—
To Bremen - Oct
7,
1
Steamer Celtic Princess. 8,737
16.337
To Hamburg -Oct. IS— Steamer Tyneiielil. 1.025
Norfolk— To Liverpool— Oct 18 -Steamer Rapldan, 4,250
4,250
Boston—To Liverpool— Oct. !)— Steamer Philadelphian, 36
Oot 14- Steamer Sachem. 744
Baltimore— To Hremen-Oot. 16 Steamer liera, 3,278
3,_
To Hamburg— Oct. 9— Setamer Bengalla, 200
'^0o
Philadelphia— To Liverpool— Oct. 11— Steamer Westernland,
300
300
San Franoisco-To Japan— Oot. 15— Steamer Coptic. 900
9t,0
8KATTLE—To Japan— Oot. 15-Steamer Kana Muru, 2,0:8
2,098
Tacoma—To Japan-Oct. 16— Steamer Duke
Total
500
of File,
500
_
205,094
of the foregoing shipments, arranged in
form, are as follows.
Ureal French Qtr- -Oth.M'rope—- Jfezieo,
Brit'n. ports, many. North. South.
etc.
Japan Total.
168 1,000 5,162
14 502 1,466
22,298
51,378 5,400 16,100 1,063
73,941
32,962 21,347 3,271 4,872 4,425
68,877
4»\jJO
•••
4,690
7,620 17,362
24,982
4,250
4,250
The particulars
oar usual
New York.
Orleans
NT
Qilveston.
censaoola.
'avannah.
Norfolk...
••
7oU
lioston
Baltimore,
......
fhll'delp's
300
......
.....a
......
......
780
0,**/'J
3,478
San Fran..
900
300
900
Seattle....
2,098
2,098
Taooma....
500
500
......
6,935
Exports to Japan since Sept.
the Pacific Coast.
Cotton freights at
as follows.
9,537
have been
1
New York
Matur.
3,498 205,094
6,585 bales
from
the past week have been
Hon.
fMM.
15
Wtdna. Xkurs.
#r.
15
Llverppool
t.
15
15
Havre
Bremen
c
20925
20925
c.
28
28
28
28
28
28
c.
22*a
22>9
22>9
22^
22^
22%
15
15
15
15
15
15
21>«
211*
2 Us
2m
21%
31%
82
27
33
32
27
32
82
27
32
82
27
32
27
32
32
82
27
32
20925
20925
e.
Hamburg
Amsterdam
c.
Rotterdam
Antwerp
..e.
Ghent, v. Antw'p.e.
Re val, v.Br-Hame.
Do
Do
v. Hnll...e.
v.
Canal, .e.
Genoa
15
15
20925 20925 20925 20925
17%-20 n^i-20 17ia-20 17ifl-20 17*1-20 17^-20
19920 19920 19920 19920 19920 19920
e.
20925 20925 20925 20925
e.
28
28
28
28
28
Quotations are cents per 100 lbs. or f raotions of a penny per
Trieste
28
lb.
Liverpool. By cable from Liverpool we have the follow
statement of the week's sales, stocks, etc., at that port.
ins:
$659,511
21.6H9
301.006
1:2 010
1.548 376
278.911
304.956
S8.658
87,64
64,131
79,173
....
Other Asia and Oceanica
..Hoiien.-.olieru,
—
J79.589
109,500
Porto Rico*
Aggregate
3,215,9:4
3,277
99.2i8
628,5*1
6.150,170
9,624,278
3,635,087
2.1.0,9.4
1,968,363
3,552.886
13.840,958
989.337
2,600.974
2,434,449
19 237,606
100,078.032
6,518,751
236,018
101.375
2.229,261
1,691.737
^671,312
11-0,141
Brazil
1699-00.
of\
Other Europe
British North America
.
t)
Total.... 108,862 35,833 40,379
12.0wB.3H2 288,9" 7,774 201.556.4i7
I''
Cent'l
270,927
23.486.20b
4,7 20.677
29,551
1
l.t'oo
A ug. 31.
31 ,flOO,V(>7
$'0629
Value* of other Manufacture*
Cotton Exported toUnited Kingdom
ranee
246.544
10,925
106,184
also
1
Total bait.
steamers Calabria,
pi r
To Naples,
;
These reports are-summarized as follows:
The weather was favorable for saving the cotton crop, except over
the oentral and western portions, where rain Interfered to some extent with picking. Picking Is, however, well advanced In all districts. In Oklahoma the greater portion of ootton has been saved un-
361
Sept. 27.
Sales of the
week
47.000
3,300
1,200
40,000
5,000
57,000
259,000
190,000
56,000
52,000
85,000
25,000
bales.
Of which exporters took.
Of which speculators took
Sales American
Aotual export
Forwarded
Total stock— Estimated
Of whioh American— Est'd
Total import of the week
Of w hi oil American
.
Amount afloat
Of whioh Amerloan
Oct.
Oct. 4.
11
Oct. 18.
43.000
2,300
2,200
33,000
3,000
57,000
138,000
83,000
28,000
22,000
200,000
178,000
83,000
2,800
6,100
68,000
3,000
67,000
170,000
109,000
19.000
14,000
118,000
103,000
71,000
1,900
3,400
63,000
4,000
55,000
220.000
153,000
21,000
10,000
70,000
63,000
The tone of the Liverpool market for spots and futures
eaoh day of the week ending Oct. 18 and the daily dosing
prices of spot ootton, have been as follows.
Spot.
M
Market
12 30 p
Mld.Upl'ds.
Sales.
Speo.
A exp
Safday
Monday. Tuesday. Wed1 day Ihured'y Friday.
Quieter.
Harden'g,
Easier.
413 19
Ea»:o-.
Quiet.
4" ia
4l6 ia
42»sa
Quiet.
5,000
8.000
7,000
8.000
8,000
6.000
600
500
500
500
500
500
Total balti.
..
Liverpool, per steamers Bovio, 6,080
..
Canadian. 6.933 ...Taurlc, 1,389
14,402
To Hull, per steamer Martello, 100
100
To Havre, per steamers La Champagne (additional), 100 ...
Maristow, l,3t6
1,466
To Hamburg, per steamer Patricia, 168....
168
"'Ill "ll
To Antwerp, per steamer Vaderland, 1,000
."".. ....
1,000
*.
Futures.
Market
opened.
Market,
4 P.M.
(
\
>
(
Steady at Steady at Quiet
1-04 ad-
vance,
I
at
advuiice
3-64 ad-
l-rt4
vance.
Steady at
Oulet at
2 04 ad-
3-«»4 «* 4-64
Quiet at
181 ad-
vance.
decline.
vance
Easy at Veryst'dy Quiet at Br'lyifdy
F«.«T*t HMygt'dy.
pt*- !*<.*! pts. 4Hi*n ptai Hdl PU
4 pt8>
adv «?
hut.
decline.
decline.
advanoe. decline. adranoe.
1 Vi.
i
id
'
i
^*u
i
I
THE CHRONICLE.
802
of futures at Liverpool for eaoh day tire *lv«.i)
Prloes are on the basis of Uplands, Good Ordinary
olause, unless otherwise stated.
3 63 meant
The prices are given in pence and 641A>. TKut
The prices
below,
py
:
8 6i Gld.. and 4 01 meant 4 l-64d.
Sat.
Oct. 12
124
P.M.
1
p.
Ootober
444 4
Oot. -Nov...
4 33 4
Nov. -Deo
4 2X 4
4 27 4
Deo. -Jan
Jan. -Feb
Feb.-Moh..
4
2(>
4
4 25 4
4 25 4
April-May.. 4 24 4
May- Mine... 4 24 4
Jane-July.. 4 24 4
July- Ann .. 4 24 4
Aug.-Sept..
Moh -Apr
.
Oct.
Tti or*.
Oct.
16.
Oct.
15.
Oct
17.
18.
124 4 121* 4
124 4 124 4 124
P.M. P.M P.M. P.M P.M. P.M P.M. P.M. P.M. P.M
d
d
d
d.
43 4 47 4 47 4 47 4 45 4 43
37
4 38
83 4 37 4 37 4
M-> 4 32 4 30 4 29
28 431
26 1 30 :*o 4 :;i 4 28 4 28
25 29
20 4 30 4 28 4 27
2H
2ft
28 4 29 4 27 4 26
27 4 28 4 26 4 25
24 27
24 26 26 4 27 4 26 4 24
24 26 4 26 4 27 4 254 24
23 .<; 4 2'i 4 27 4 25 4 23
2i 4 25 4 25 4 26 4 24 4 23
d.
d.
.
m
Wed.
Tue».
Moil.
Oct. 14
4
4
4
1
•
d
d.
d.
4
d.
d.
d
40 4 39 4 40
31 4 30 4 30
27 4 26 4 26
26 4 25 4 25
25 4 24 4 24
2
4 23 4 23
2!) 4 26
28 4 2 4 23 4 22 4 22
27,1 24|4 23 4 22 4 22
27 4 24'4 22 4 21 4 21
264 24 4 22 4 21 4 21
26423421 4 21 421
46 4 41 4
37 4 33
324 29
31 4 28
HO 4 27
4
Jute Butts, Bagging, &c— There has been a rather quiet
market for jute bagging during the week under review, and
quotations have been lowered. The close to night is at 5%e.
standard grades. Car-lots of
for \% lbs. and 6 J. for 2 lbs
standard brands are quoted at 5 7 g(a6^c., f. o. b according
to quality. Jute butts continue dull at 1>£@1%c. for paper
quality and 2%@2*^c. for bagging quality.
,
,
buckwheat flour has
have been easier. Corn meal has had
sale at steady prices.
been limited and prices
only a limited sale and prices have been easier.
Speculation in wheit for future delivery has baen quiet
and no noteworthy changes have occurred in values, the
market apparently being without new developments of sufficient importance to make a decided impression upon prices.
The cable advices received early in the week <?ere of a bullish character. Tiiere wer^ reports that the Argentine crop
was suffering from drought and the reports of the Russian
for
crop were unfavorable, it being claimed that there were dangers of famine in certain sections of the country. The movement of the crop for the week, particularly in the
Northwest, has been very moderate, but this has been
due in a measure to unsettled weather. Despite the
more bullish character of the information from foreign markets, there has been no appreciable improvement in the ex
port demand, business for the week in the spot market, being reported as limited. According to advices received from
reliable sources, the new wiater- wheat crop is starting well
and there is an enlarged acreage. To day there was a higher
market on unfavorable crop news from Argentine and
m
stronger European advices. The spot market was
re active and higher, a fairly large export business being transacted
for the day.
DAILY CLOSING PRICES OP NO 2 RED WINTER rN
YORK..
NEW
Cash wheat
t.
o.
t.
76 78
774
744
Tries.
77
Wert..
Thurt.
77
765a
744
744
74%
746s
75 7a
764
763e
764
79*8
78 7a
79
79k
78«a
DALLY CLOSING PRICES OF NO. 2 SPRING IN CHICAGO.
8at.
Hon.
Tue*.
Wed. Thurt.
68*2
694
69*8
Oot. delivery In elev
63%
694
K9 78
704
Deo. delivery In elev
70
~0»a
704
73»8
May delivery In elev
734
73^
733s
736a
Oot. delivery In elev
Deo. deUvery In elev
May deUvery In elev
7*J3g
755a
774
79%
Fri.
6fl5g
70 7
Oaah corn
f.
o.
b
613a
614
s
624
62 7a
6^
624
38%
354
35%
373a
37
Dec. delivery In elev
In elev
May deUvery
Tue*.
61 79
614
Wed.
61 78
61 M
61*8
61%
62%
623a
:
354
37%
i
Wed.
Thurt.
Fri.
394
40
42
42
404
424
Pine
Superfine
Extra, No. 2
Extra, No 1
Clears
Straights
Patent, spring
(Wheat
CHICAGO.
IN
Wed.
Thurt.
314
354
374
314
354
Rye has been quiet at unchanged prices,
without changes and steady.
Following are the closing quotations:
flour In sacks sells
FLOUR.
Patent, winter. ...*)3 60 ©3
35
55
City mills, patent. 3 85 ©4
Ryeflour.snperttne 2 95 ©3
65
Buokwheat floor.. 1 75 ©2
80
25
Corn meal70
Western, eto
3 00 ©3
Brandywlne
3 20
35
at prices below those for barrels.)
GRAIN.
Corn, per bnsh.—
Western mixed.
80 7s»fc2<>8
76^07838
No. 2 mixed
76»8»7838
Western yellow
Western white
750a»773a
Rye, per bush—
£9%©42
Western
414»47
State and Jersey
404 0414
Wheat, per bnsn.—
Hard Duluth, No.l
N'thern Dul., No.l
Red winter, No. 2
Hard N. Y. No. 2.
Jats—Mlx'd, p. bush.
o.
White
No. 2 mixed
Thurt.
61 78
614
61%
62^
Fr\\
344
354
374
373a
Birley has been
©2
©2
©2
©2
©3
©3
©4
92 25
2 45
2 55
2 75
2 90
3 30
3 65
o.
85
30
55
00
10
o.
I
424»434
o.
59»4©62
604 »62
624 »64
624©64
..55
57
59
52
Barley— Western
©58
©59
©65
©58
Exports of Breadstufps, Provisions, Cotton and
Petroleum.— The exports of these articles during the month
of September, and the nine months, for the past three years
nave oeen as follows:
1900-1901.
Mxvortt
irom O.
8.
1898-1899.
1899-1900.
September. 9 Month*. September.
Months September.
»
Months.
t
Quantities
vVheat.bush.
16,338,981
(Tlour...bbla.
1,606,336
M87
10,326,088
69.0a5.3C7
11,095.991
14,223,233
l.C.93,654
13,722,417
l,41S,33e
88.98
81.768,125
13,833,801
Wheat.. ..bu. 28,117,493 202,961,735 17,519,971 180.816,183 17,47>?,493 141,011,979
lorn... bash.
3,(67,076 94,084,020 10,938,634 134.110.10* 17,850,973 146,991,767
Tot. bush.
26,184,569 297,048,765
28.458,606 26S.226.291 34,829,468 291,003,748
Values.
t
1
17,272,550 151,726.868
t
13,823,878
t
99,727,121
I
t
13.501.654 113,853,102
6,990.103 60,715.807
Wh't&
flour.
JornA meal.
1,963,355
46.349.832
6.159,862
60.C04.301
8ye
101,422
1,2*4,642
134,928
1,058,914
184,834
2,830,207
Oats A meal.
299.633
9,081.485
1,635,023
8,640,688
8,129,205
11.692.861
795,190
1,870,337
607,115
6,099,21
1,341,574
8,970,050
3r 'da tuffs....
20.432,480 218,293,084 21,395,80-' 174,630,148 25.117.37(1 192,791,530
Provisions*. 18.649,793 168,140.374 17,351 556 151.313.799 15,616,079 118.629,575
Jotton
16,498,916 16\912,907 20,198,676 I67,8f9.43d 17,082.792 110,390,249
PetroPm.&o.
Tot value.
6.696,498
52,689.380
62.177,736 602,035,7
•Including cattleand hogsin
6,430,542
all
7.C07.626
56,884,712
65.336,579 550,658,0*4
«f>
monthsand
46.290.824
64,753.887 498.002,178
vears.
Note.— All the above figures are based on the monthly preliminary
return siasued by the Bureau of Statistics, and cover about 98 per cent
of thetotal exports.
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 Exchange. The receipts at
Western lake and river ports for the week ending C-3t.l2
tnd since Aug. 1, for each of the last three years have been:
itttiftt
Hi—
Jhtaago...
62
613s
6l 7s
b 2»a
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Wed
Thurt.
8at
Tuet.
Pr*
Mon.
Oct. deUvery In elev
5*4
554
55*8
55
554
554
Deo. deUverv in elev
ftHSg
S64
564
564
564
563s
May deUvery in elev
584
58*8
58*
584
58%
58%
Oats for future delivery at the Western market hav« received only a limited amount of attention, but prices have
held to a steady basis. Offerings have been light, there
Bmritt
Oat».
Corn.
itiwanke*
ninth
195,691
91.860
1,174,024
1,69; ,180
349,e00
147,000
1.463,777
55,100
664
'leveland
. .
Lonli
Unas
Am.
1901
1900
1899
875.210
37,600
17,088
52,710
1,380
11.383
102.750
9.045
6,6 00
68.410
104,792
73,274
6,000
133,691
2-*,2S8
117,703
14,816
56,883
43.625
177.010
28.4^0
132,564
238,400
88,887
337,655
335,000
331,000
337,600
213,200
183,600
Cansat City.
rot.wE.i9oi
682.45')
351,831
112,293
8 400
<ame wk.'OO
<8ni wk.*99
60,446
8,678,960
••trott
It.
374,650
600
ilnneapolts.
III
1,466,542
187,700
21.237
276.300
8
Frv
Whtat.
flour.
SbU.lORlbi Bush.fiOibt Bvsh.&eibt Bu«A.821bi Bush.iBll:
744
NEW
Oot. deUvery In elev
Deo. delivery In elev
May deUvery in eiev
38%
41%
Tuet.
Fr\.
;
Hon.
6l 7s
Mou.
39
42
42
DAILY CLOSING PRICKS OF NO. 2 MIXED OATS
Tuet.
Mon.
Sat.
Oct. delivery In elev
34
844
343s
78%
Indian corn futures have been quiet bat steady. Comparatively little speculative interest has b-en snown in
either the Western or local markets and fluctuations in
prices have been within a narrow range. Weather conditions during the week have been favorable for drying the
crop and present indications are that the movement of the
cr p will be moderately early in fact some new corn has
been offered at Southern points. According to the advices
received from the interior, there has been a fair demand for
corn at ruling prices. Foreign advices have reported steady
markets, but the export demand in the cash markets here
and at outports has continued limited, only a small amount
of business being reported transacted. To day there was a
quiet but steady market. The spot market was steady.
DAILY CLOSING PRICE* OF NO. 2 MIXED CORN t«
Vi/JIK.
Sat.
61 7
NO. 2 mixed In elev
To. 2 white In elev
Hal
Feeding
Friday, Oct. 18 1901.
The market for wheat flour has held steady. No large
transactions have been reported made, still a fair volume of
business has been transacted, as the local trade has been a
steady buyer of spring-wheat flour and at unchanged prices.
Reports from the Northwest note a large output of flour and
that shipments to domestic markets are free. Low-grade
winter-wheat flour has been quiet. Rye flour has bad a fair
Hon.
W
No. 2 white
BREADSTUFFS.
Sat
being nothing in the situation to prompt selling, and buyers
have not been aggressive. Locally the spot market has been
firmer, particularly for mixed oats, and a fairly large business has been transacted. To-day there was a firmer market.
DAILY CLOSING PRICKS OF OATS IN N E
YORK.
1
*
I
The demand
[Vol. LXXIII.
96,900
....
607,482
436,623
7,452
6H
8,691,8:8
2.985,978
1.835.051
6,704,055
6,110,648
4.409,376
2,838.875
193.817
184,735
408,148
8.1(8,827
8.330,679
4,389,139
1,920,268
288.614
1
4,932.221
..
4,685,279
4,782.903
83,367.727 82,681.099 40,656.094
75,926.888 40,fe32,789 48,229 616
66.776.428 60,601.096 49.332.149
12,360,788 3.681,643
11.169.356
8.311.651
The receipts of flour and grain at the seaboard
week ended Oct. 12, 1901, follow:
1,291,670
1,926,043
ports for
the
Flour,
HttHtlt at—
<sw Torlr
bbts.
loiton
Montreal.., ....
.'hlladelpbis.
.
Saltlmore
ilohmond...
Jew Orle»'>»*
lawoori News
Norfolk
talvettoD
irtland, Mb
Quebec
...
144,077
•60,871
2T.451
57.»3i
105.901
6.068
17,242
85 217
7,111
6,619
166
ifhsal,
bush.
9)8,800
634.618
«3l,7e3
196,3 < '2
26B.858
10.671
677,000
98 010
2<9.99J
230.2
41,304
48,'
(Jorn
-<.ir.
78J.700
8o2,192
57.417
811,698
50,908
21,331
70,725
'
.'ati.
B*rltt
tits,
1055)0
TUlN.
13,650
"6.306
17.80
20, 30 J
5,03
bush.
e07,030
IK, 180
11.866
S7.019
11.845
32,522
14,825
70
66,55 4
726
io',6 j8
87,2/4
00
131.801 103,«85
833,106
487.319 a.TS.i^O 1,765,404
Total week
74.822
157.413
622,034 3,199,834 4,050,512 1.648,9*2
•sat 1900.
• Reoelptt do not Include grain passing tbrongb
Haw Orleans ror toreisn
p^rtf on through bills oi lading
October
THE CHRONICLE
19, 1901.]
Total receipts at porta from Jan.
follows for four years:
Receipt* of—
lour
1901.
17.WJB.717
1900.
1889.
17,0*8.409
I6.6o7.2oe
15,8,17,102
bush.l!-0,4rt5,657
"
»'.»» .517
B0,< 7. i, 'lis
lflW.l.o.i'lrt
161,777,161
60.23\6tl9
8,7<M,007
3.248,203
63.49U.aHH
8,869.hH4
2,246,103
05,39(1,011
16ft.2t3.Hi4
7H,IH4,9t)6
wj3.08a.05i
293.352,332
.bbl8
Wheat
Corn
to Oot. 12 oouipartae
1
Oats
Barley
"
"
Rye
"
Total jiraln
189H.
U8.HWil.a40
4.-il8,690
7l),WHrt.&11
8,0*8,1*0
18,< 52,270
3ti.2S8.706
a&o.a&3.4au
7.601,606
the several seaboard ports for the week
1901 are shown in the annexed statement
b63
tone of the market is steady, but there is some irregularity
In the overcoating and cloakiogs division
chiefly in fancies.
business has been quiet without change in prices. Dress
goods have sold more freely in staple lines, but iancies continued quiet.
—
Domestic Cotton U-oods. The exportB of cotton goons
trom this port for the week ending Oct. 14 were 1,029
packages, valned at (103,729, their destination Oelug to the
points specified in the tables below:
The exports from
ending Oot.
12.
bus*.
bblt.
40M.31H
17rt,iu0
HO 85S
Boiton
186^69
Portland, Me.
Philadelphia.
41.904
70 000
486,817
H9.2H7
87.274
170.613
22,6*9
2 i.ORW
6,6 19
11.484
TorH.
—
48.000
07,487
3,048
7.141
85.247
9,665
0.987
108
2.888.000
C33,763
time '00 2.2S7.918 2,644,484
Boa iio
aus.23U
Baltimore
New
Orleans..
:;)-.oto
i
sau.iMU
Norfolk
Bfl.000
Newo'rt News
880 812
Montreal
liaWestoD
334,000
Quebec
..•
10.060
£40
Total week
Same
The destination
Sept
Mtriotltfor
tsttJi
and line
8*pt. 1 toUnited Kingdom
Continent.
S. 4 0. America.
Wait Indlei
Br. N.Am. Colo's
Other oonntrlet
Total
Total 1900
90,000
14.170
11,657
8,890
48.489
14.470
nettr.
Sintt 5**1
1
1
bou
.
-tPAsei.
.
W«»
8.290
ho 888
18.688
119.S0J
week and
bbl:
1.
bitlh.
8,989,914
808.480
296.289
4,733.074
1.891.622
DtO.^bO
SOl.OOi
854,038
62,887
74,427
1
Sine*
Oct. 12.
1901.
77,791
90,684
10.201
17.014
8.639
8.7tl
sinct
IfJuai,
buih.
8,983.r^
48,000
Instortei—
Boiton
874.UO-.
Philadelphia...
922.000
Baltimore
New Orliani
QalTeitoc
Montreal
Toronto
777. COt-
802.00C
234.000
161,000
27.000
1,616,000
Buffalo
Do
.*-.*:
1901,
Willi
Oarn.
Htntt 8**i.
Oct. 12.
23,649 610
89, 1W 2,076
12,000
17.316
8.886,009
2,237.048
19U1
bush.
JdifJi.
1.167.H48
1.7C8.846
2.0U0
1,
30^.010
897,487
6.987, 191
60
81,670
4.440
122.240
4.669
6,3)3.426
427,462
886,100
76.083
139,490
62.798 676
638.763
72,692.991 2,044,434
14,498,297
14,897,076
1,701
Oats,
bUSA.
980.000
77,000
824,000
204,000
114, CO
195,000
809.O"
132,000
Bar liv
bus?
163,000
but*.
81,000
335. ut,
v.
45,000
337,000
6,0^0
147,000
88,000
70,000
29,000
778.000
281,000
15,000
697,000
597,000
1,144,000
376,660
663,00b
ibi dob
"62,000
163,666
27.000
6.161,00t
6,899.00'c
2,007,000
274,00c
21.001
119 00i
ies.oio
460,000
86,000
102,071
1,790,000
4,6S8,0Oi
182.000
489,000
523 OOC
16.000
820,000
715,000
256,000
29,000
81,000
284
70,000
38,000
185,666
102,000
49, 000
4,000
2,000
1.228.000
113,000
234,000
118,000
25,000
131,000
225,000
13,111.000
7.789,000
8,288.000
12,235,000
7.069,000
6,080.000
1,788.000
1,800,000
2,038,001
1,994,000
2.848.00(
2.101.001
Toledo
22,
'U'
63
'
485,000
'
9,000
afloat
Detroit
Do
afloat
Ohlcaao
Do
afloat
Milwaukee
afloat
Do
rUWUI'mAPt. Arthur
Duluth...
Do
Do
885 0«
afloat
Minneapolis
8t Louis
8.020,00
_ 3,3;4.o0:
120.0«ti
11.00C
afloat
Kansas City
Peoria
Indianapolis
1,387,000
74H.000
877.00C
ud Mississippi RiTer
On Lakes
On canal and r'.Ter.
.
Total
Total
Total
Total
Total
Corn,
bush
afloat
Do
Oct.
Oct.
Oct.
Oct.
Oct.
Week. Since Jan.
38
83
3.836
1,228
82
31
17
1,002
27
411
265
6,074
35,661
8,077
18,814
1,606
5,521
44,162
8,257
228
981
184
1,886
l.ato
140.462
10,584
25,441
3,537
23.240
2,477
9,661
36.759
7,3eo
1,629
211.E94
2.553
261.767
79,3.«>8
i
188
596
20
Mexico
19
....
South America
Other Uonntrleo.
Total.
The visible supply of grain, comprising the stocks ts
granary at the principal points of accumulation at lake and
seaboard ports, Oct. 12, 1901, was as follows:
Haw York
Do
afloat
Week. tixncejan.l
Africa
Went Indies
Central America
295,877
779,701
moo
Ureal Britain
Other European
China
India
Arabia
87.904
17.2M)
1901.
14.
biun.
buaJt
9.207
J>
1,169
of these exports for the
TP«»
Oct.
Ptai.
titif
to Oct.
1
I
below:
1900, is as
1,
Oatl.
busA.
279,307
2,400
/(our,
Corn,
Whtdt.
Mxwortt /rent - truth.
Maw
Nhw York
,
Oil'
The value of the New York exports tor the year to date
has been $9,120,925 in 1901, against $11,628,623 in'l900.
Advances of i^c. to J^c. per yard have been made in leading bleached- goods tickets. Higher prices were expected in
bleached goods, but not quite so soon as thie. Buyers appear to have forced them by their efforts to purchase for
forward delivery. There are no quotable advances in brown
sheetings and drills, but the tendency of the market is
against buyers. The home demand has been on a fuller
scale than of late, but export 1 uying has teen limited, owing
to the prices held for by sellers. Sales of wide sheetings
and cotton flannels and blankets have been on a quiet scale
at previous prices. Denims have been advanced %c. to >£c.
per yard, with a quiet demand. Other coarse, colored cottons
are very firm. Kid-finished cambrics quiet at 3^c. for 64s.
Bu\ers more
Staple prints are scarce and very firm.
anxious than sellers to do business for spring.
Fancy calicoes practically cleaned up in dark work. Fine wash fabrics
of all kinds are heavily sold for spring. Staple and dress
Regular print cloths are
style ginghams scarce and firm.
firm at 3c, and narrow odds on relative basis. Wide goods
also firm.
—
Foreign Dry Goods. A fair business in fine grades of
dress goods has been reported, with thin fabrics still in best
demand. Silks and ribbons are steady in prices, with a
moderate business. Linens are without material change.
Burlaps continue inactive, weak and irregular.
Importations and Warehouse Withdrawals ot Dry Goods.
The importations and warehouse withdrawals of dry goods
at this port for the week ending Oc r 17, 1901, and since
January 1, 1901, and for the corresponding periods of last
.
year are as follows:
1,964,000
.
473.000
88.208.000
6. 1901.. 87,474,000
13. 1900.. 66,978 000
14. 1899.. 47.2NU.04/0
15.1698.. 14,698.000
12. 1901..
14.026000
9,811,000
15,005.000
24,602.000
980,000
819.000
1,31.8.000
A
St
2,750 001
THE DRY GOODS TRADE.
New York, Friday, P. M., Oct 18. 1901.
There have been indications in various directions of growing interest on the part of buyers in the generaVcotton
goods situation. The actual business in progress has been
on a more liberal scale and there has been an increase in the
number of bids coming forward. The fact that the market
has steadily hardened in tone, in spite of the hand-to-moutb
policy generally pursued by purchasers for several months
past, is evidently making an impression, which advances in
leading lines of bleached cottons during the past two days
are likely to deepen. The cotton goods situation is unnsaally
strong for the time of year. There are no stocks in this
market of any consequence in either staple lines or fancies,
and few buyers have made any provision for their spring requirements outside of specialties in wash fabrics and white
goods. In some staple lines the export demand has put sell
era well under orders ahead, but even where forward production is not covered to any material extent, manufactur
ers are reserved in
making contracts
at present prices.
Woolen Goods.— The market
for woolen and worsted
fabrics for men's wear shows between-eeasons condition pre
vailing in severe shape. Reports from all quarters state that
the new business coming to hand has been quite limited,
while the reorder demand keeps backward. Most sellers had
expected the latter to assume fair shape by this time, bringing a considerable amount of supplementary business into
the market, and there is therefore more or less disappointment prevailing. The chief trouble lies in the fact that buy-
have run so much upon restricted lines in their purchases,
adhering to the more popular staple varieties to a large ex
tent. There are thus agents in the market with so much
business on their books that it is questionable if they will be
able to take care of it all, while others are anxious over the
uncovered balance of their mills' production. The general
ers
I
THE CHRONICLE.
864
State
iiwu
Oity Dtrfivtyttwr.
News
—
Items.
Austin, Texas. Purchase of Water Works Authorized —
Injunction Granted. We are advised by John O. Johnson,
City Clerk, that the City Council has authorized the purchase of the plant of the Austin Water, Light & Power Co.
for the sum of $175,000 and all taxes due to and including the
year 1902. This amount is to be paid in annual instalments
of $25,000, the first of which is to be paid on April 1, 1902.
The rate of interest was fixed at 3%. Since the passage of
the above resolution a temporary injunction has been granted
preventing the City Council from carrying out the provisions of the resolution.
Bond Proposals and Negotiations
week have been
as follows
this
:
Albany County (P. O. Laramie) Wyo.— Bond Sale,— Oa
October 2 the $15,000 10-20-year (optional) refunding bonds
were awarded to the Thompson, Tenney & Crawford Co.,
Chicago, at 101*10 for V/2 per cents. For description of bonds
see Chronicle July 27, p. 200.
C—
Asheville, N.
Bond Offering.— Proposals will be received until 8 p. M., October 25, by William R. Heston, City
Treasurer, for $10,000 4% school-building bonds. Securities
will be in denomination of $500 or $1,000 each, dated Nov. 1,
1901.
Interest will be payable semi-annually in New York
City or Asheville. Principal will mature Nov. 1, 1931.
deposit of $100 will be required with each bid. The official
advertisement states that the city has never defaulted on interest or principal.
Atlanta, Ga.— Bond Offering.— Proposals will be received
until 12 M,, December 3, at the office of the Mayor, for $418,000 3%i gold coupon refunding bonds. Securities are in denomination of $1,000, and the interest will be payable January 1 and July 1 in New York City and in Atlanta. Principal will mature Dec. 31, 1931. A certified check for 5% of
the par value of the bonds bid for, payable to Thos. J.
Peeples, City Treasurer, must accompany proposals. J. H.
Goldsmith is City Comptroller.
Augusta, Ga. Bond Sale.— The three issues of 4% 30-year
refunding bonds, aggregating $173,000, which were fully described in the Chronicle Aug. 24, have been sold to John
A
W. Dickey
of Augusta.
Baird, Texas. Bonds Approved and Registered. The Attorney-General has approved an issue of $4,800 water-works
bonds. These securities have also been registered by the
—
State Comptroller.
Bell County, Texas.— Bond Sale.— This county has sold to
the State Permanent School Fund an issue of $3,000 5%
bridge bonds.
Berlin, N. H. Loan Authorized.—The City Council has
authorized a loan of $4,000 in anticipation of the collection
LXX1IF.
as needed, in amonnta of $1,000, and can be retired at any
time, "notice being given ten <i;iyH prior to the date of any
interest period." Interest will be pavable semi annually.
Cusselton, N. I).— Bowl hale.— On Oct. 7 the $5, Of 4^<T 15year bonds were awarded to the FirBt National bank of Casselton a
100*111 and accroed interest.
Following are the
bide:
Firnt Nnllonal Bunk. CaueltOn.lOO-UI
100
S A. Kcnn (Icsh 1*)
1
;
ED.
ftfagnw, St. Paul
Jose, 1'arkeriCo.. Huston
i
.
101
100
C'ha«.
a. Coffin Uen« 2K%)
100
Securities are in denomination of $1,000, dated Oct. 1, 1901.
Interest will be payable semi-annually.
Citisholm, St. Louis County, Minn.— Bond Offering.—
Proposals will be received until November 2 by the Village
Council for $8,000 6£ 10 year water bonds. Securities were
voted at the election held October 9. The interest will be
payable semi-annually.
Cleveland, Ohio.— Loan Negotiated.— Of the $100,000 loan
authorized to repair damages resulting from the storm of
September 1, $45,000 has been borrowed, and it is likely that
$25,000 more will be negotiated in the near future.
Bond Sale.—On October 14 the $100,000 4% 10 year funded
debt bonds were awarded to D jminick & Dominick of New
York City at 10611— a basis of about 3 29£, and the $UO,000
4% 22 year market-house bonds were awarded to R L. Day &
Co., Boston, at 111 72— an interest basis of ahou*; 3 25%.
For
description of bonds see Chronicle Sept. 14, p. 576
Cloquet, Minn.— Bonds Authorized.— The Village Council
has authorized the sale of $20,000 water- works bonds.
Coatesrille(Pa.) School District.— Bond Offering.— Proposals will be received until 12 m Nov. 16, by Wm. N. Gibbons, President of the School Board, for $30,000 3)4% bonds.
Securities are in denomination of $1,000, dated Jan. 1, 1902.
Interest will be payable semi-annually. Principal will mamature Oct. 1, 1931, subject to call after Oct. 1, 1902. A certified check for $600 must accomp iny proposals.
,
,
77te official notice
of this bond offering will be found
among
the advertisements elsewhere in this Department.
College Hill, Pa.- Bond Sale,— On Oztober 8 the $10,500
5-25-year (serial) electric-light bonds were awarded to the
National Life Insurance Co. of Montpelier, Vt., at par for
4'4£ securities.
This was the only bid received. For full
description of bonds see Chronicle Oat. 5 and Aug. 24.
Columbus, Ga. Bonds Voted.— At the election held Oct.
10 the proposition to issue $40,000 4% 1-10-year (serial) bridge
bonds was favorably voted upon.
Coventry, R. I.— Loan Authorized. This town has authorized a loan of $30,000 for road purposes.
Crawford County (P. 0. Robinson), III.— Bond Offering.
This county will sell at public auction at 1 P. M November 1, $90,000 4% refunding bonds. Securities are in denomination of $1,000, dated Jan. 1,1902. Interest will be payable in Springfield, 111. Principal will mature $10,000 yearly
on January 1 from 1903 to 1911, inclusive.
—
—
,
0. Cleveland), Ohio.— Bond Elecelection the question of issuing
court house and site will be voted upon by
Cuyahoga County (P.
At the November
tion.
of taxes.
[Vor..
—
Bond Hill, Hamilton County, Ohio.— Bond Sale.— On bonds for a new
October 14 the $2,662 61 5% 1-10-year (serial) road bonds were the people.
Dannemora, N. Y.— Bond Sate.— We are advised that
awarded to Seasongood & Mayer, Cincinnati, at 101. For
$12,000 water bonds offered for sale on September 14 have
description of bonds see Chronicle Sept. 21, p. 628.
Boonville, N. Y.— Bonds Voted.— This village on October just been disposed of — $4,800 to J. P. Cunningham of Plattsburg, who took 3% bonds; the remaining $7,200 was taken as
15 voted to issue $45,000 electric-light-plant bonds.
3-40
per cents by the Merchants' Savings Bank of FiehkillBrewster County (P. O. Alpine), Texas.— Bond Sale.—
This county has sold to the Permanent Sshool Fund of the on-the-Hudson.
Davidson County (P. 0. Nashville), Tenn.— Bond Offercounty $14,480 4% 2-20 year (optional) refunding bonds at
will
par. These bonds are part of an issue of $17,480, of which ing.— The Bond Committee, C. B. Hirwood, Chairman,
issue
of
29
for
an
until
October
$250,000
proposals
receive
$3,000 remains unsold. Seventeen bonds are in denomination
3}4<& 10-year turnpike bonds.
of $1,000 and one of $480, all dated June 10, 1901.
Delphos (Allen and Tan Wert Counties), Ohio.—Bond
Bridgeport, Conn.—Bonds Authorized.—The Council has
authorized the issuance of $250,000 %%% city-hall bonds. Election. At the election to be held November 5 the question of issuing $25,000 electric- light-plant bonds will be subSecurities are to mature $10,000 yearly, beginning
—
in July,
1930.
Buckhannon, W. Va.—Bond Sale.— On October 4 the $19,000 4% 5-20-year (optional) refunding bonds were awarded to
the Board of the Irreducible School Fund of the State of
West Virginia at par and accrued interest.
are advised
that all "other bids received forithe bonds were at a discount."
These bonds were previously offered for sale on Aug. 10.
See Chronicle June 22 and Aug. 17.
Buhach School District, Merced County, Cal.— Bond
Proposals will be received until 2 p. m.. NovemOffering.
ber 12, by the Clerk of the Board of Supervisors of Merced
County, for $2,000 5% 1 to 10-year (serial) bonds of this district.
Securities are in denomination of $200. Interest will
be payable annually. W. B. Croop is Clerk of Merced
We
—
County.
Cambridge, Minn.—Bond Offering— Proposals will be received until 8. P. m., Nov. 12, by P. M. Torell, Village Recorder, for the $11,500 coupon water-works bonds mentioned
in the Chronicle of Oct. 12. Securities are in denomination
of $500, and will be dated March 1, 1902. Interest (to be named
by the bidder) must not exceed 5%, and will be payable annually. The principal will mature March 1, 1922. Proposals must be accompanied by a certified check for 5% of the
amount of bid.
Camden, N. J.— Certificates Awarded. —The Sinking Fund
Comissioners have been awarded at par $50,000
temporary
improvement
H
certificates issued for the purpose of constructing sewers. The certificates will be issued from time to time,
mitted to a vote of the people of this village.
Delta County, Texas.— Bond Sale.— Jail-repair bonds to
the amount of $1,996 have been sold to the State School
Fund as an investment.
Dublin, Ga.— Bond Sale.— Following are the bids received
October 10 by A. T. Summerlin, Mayor, for the $25,003 5%
29-year gold school, water and light bonds voted at the election held September 9
$25,760 00
John W. Dickey, Augusta... $26,692 50 Roby Robinson, Atlanta
28.292 60 yv J.Hayes «S Sons.Oleve.. 26.7U2 W)
S. A. Kean, Chicago
Jno. Nuveen & Co.. Chicago.. 20,000 00 Seasongood & Mayer, Cincin. 25,666 50
j
|
F. M. Staflord & Co..Chattan. 26,u00 00
Farson, Leach & Co.. Ohic... 26,003 00
K. Kieybolte
& Co.,
Cincin.
.
.
25.200 00
Securities will be issued in denominations'of from $1,000 to
$5,000 as desired. Interest will be payable semi-annually at
the Hanover National Bank, New 'York City.
Dublin School District, Erath County, Texas.—Bond
This district has disposed to the State Permanent
Sale.
School Fund an issue of $12,000 bonds.
—
East Hartford, Conn.— Loan Authorized.—At a reoent
authorized to borrow
Town meeting the Selectmen were
$18,000 until May 1, 1902.
Erie, Pa.—Bonds Authorized.— The
City Council has authorized the issuance of $10,928 32 4% 10-20-year (optional)
Interest on these bonds will be
electrical subway bonds.
payable semi-annually.
Essex County, Ont.—Debenture Safe.— This county has
sold an issue of $10,000 4% House of Refuge debentures to R.
F. Baby of Detroit at 102-50.
October
THK OHKONIOLK
19, 1901. J
Essex Junction (Vt.) School District— Bond snir—Vto
are advised that the |9 BOU 4? refunding bands mentioned iu
the Chronicle last week have ht-msold. Securities are subject to call at any time.
Uauanoque, Ont.— Debenture Sale -Th\s town the latter
part of last month sold an i^sne of f 10, 000 4% debentures to
the Ontario Building & Savings Society of Kingston at Id.
The following bids were received
Ont. Building A
('antral
Saw
Sooletj
•
Can Loan \ Sht. Co..
.Mr.
was
I
I
Geo. A. StlmsoD A Oo
Do
P. O'Hara 4 Co., Toronto
ml
9900
Interest on the above securities will be payable January 26
and July 26 at the Merchants' Bank of Canada, Gananoque.
Principal will mature part yearly for twenty years.
Glen Ridge, N. J.— Bond OJfering.— Attention Is called to
the advertisement elsewhere in this Department giving notice of the sale on October 25 of the $35,000 4% park bonds described in the CHRONICLE of Sept. 14 on page 577. Proposals
will be received until 8 p. m. on Oct. 25 by the Borough
Council. A certified check for 5£ of the face value of the
bonds bid for, payable to the Clerk of the Borough of Glen
Rid^e, must accompany proposals for these securities.
Gonzales County, Texas.— Bonds Registered.—The State
Comptroller has registered an issue of $30,000 bridge bonds.
Harrisbnrg, Pa.—Bond Offering.— Proposals will be received until 12 M. to-day (Oct. 19) by Henry W. Gough, City
Comptroller, for $75,000 3% 30 year bonds for a new engine
and extension of water house. Securities will be issued in
denominations of $100, $500 and $1,000, to suit purchasers.
They will be dated Jan. 1, 1902, and will mature Jan. 1, 1932.
Interest will be payable semiannually at the office of the
City Treasurer. Bonds are exempt from taxes. These bonds
were authorized at the election held in November, 1899, and
are issued under the authority of an Act of April 20, 1874
P. L. 65, and supplements thereto.
Harrisonville, Mo.— Bond Sale.— We are advised that this
city nas sold an issue of bonds to the Mississippi Valley Trust
Co. of St. Louis at par to refund the $11,500 5% bonds called
for
payment on September
1 (see Chronicle of Oct. 12). The
4% interest and will mature in 20 years, five
being subject to call after 5 years and the remainder
new bonds bear
of them
after 10 years.
Harriston, Out.— D.benture Sale.— We|are advised that the
which was advertised to
take place on September 5, have been awarded to O. S
$3,748 72 4% debentures, the sale of
Fleming for $3,750.
Uartlngton, Neb.— Bond Sale.— We are advised that the
10-20 year (optional) light, bonds, bids for
$5,800 5%
were received and rejected on September
20,
which
County, Mont.— Bonds Not Sold.— We
are advised that the $15,000 water-works and electric light
bonds offered for sale on September 3 have not yet been sold,
and that no further action in the matter will be taken until
January of next year.
Jacksonville, Fla.— Bond Offering.— Proposals will be received until 3 p. m, November 15, by the Board of Bond
Trustees— B. F. Dillon, Chairman— for $400,000 5* gold waterwoiks and improvement bonds. Securities are in denomina
tion of $1,000, dated Nov. 15, 1901. Interest will be payable
semi-annually in Jacksonville or New York City and the
principal will mature May 15, 1921. Each bid must be accompanied by a certified check for 5% of the par value of the
bonds bid for, but need not exceed the sum of $10,000.
Kingston, N. Y.— Temporary Loan.— On. October 16 two
notes tor $967 50 and $267 35, respectively, were sold at public auction to the Ulster County Savings Institution at par.
Loans are dated Oct. 16, 1901, and mature April 16, 1902.
La ilarpe, Kan.— Bonds Voted.— This place has voted to
issue bonds for a water- works plant.
Lauderdale County, Miss.— Bonds Authorized. —The Board
of Supervisors has authorized the issuance of $30,000 county
bonds.
Laurens County,
received until
8.
by purchasers.
Lowell, Mass.— Loan
C— Bond Offering.— Proposals will
be
November
30 by J. S. Drummond, County Supervisor, for $75,000 4% 80-year coupon refunding Greenwood
Laurens
Spartanburg Railroad aid bonds. Interest will
be payable semi annually. Securities are authorized pursuant to an Act of the Legislature approved Feb. 11, 1897, and
anamondment thereto approved March 8, 1899; aleo to an Act
approved Feb. 1, 1901, to validate bonds issued by this
county.
&
Lexington, Mass.— Bonds Authorized.—This town has denew high school.
Louisburg, N.C.— Bonds Voted.— At an election held October 8 the question of issuing $30,000 wa'er- works and sewer
age bonds was submitted to the voters and carried.
Louisville, Ky.— Temporary Loan —This city has borrowed temporarily $70,000 from the First National Bank of
I
these
&
>id
lei
Authorised, -The Council has au-
thorized a loan of $55,000 for paving purpot
-Bond
l.ow i»ap School District, Hendoelno Connl
Sale.— On October 7 the Board of County .Supervisors sold
Hank
$1,500 1% 1-15-vear (nerial) bonds of this distri.
Other bids received were 103 33 from
of Ukiah at 106'066.
a U. L Bither.
the Oakland Bank of Savings and 10
Manslield, Me Soto County, La.— B md Offering.— Wb are
advised by W. F. Fraser, Village Clerk, that proposals for
the $13,500 5^ water works and electric-light bonds mentioned
in last week's Chronicle will be received until October 30.
Securities will be subject to call after three years.
Martinsville, Ya.— Bond Offering.— Proposals will be received until November 1 by Geo. L. Gravely for $5,500 C* 34year improvement bonds.
Massillon (Ohio) Union School District.— Bond Sale.—
On October 11 the $80,000 4% school- house bonds were awardCo., Cleveland, at 102-885 and accrued
ed to Denison, Prior
interest— a basis of about 3 682^. Following are the bids
&
:
Oenlson, Prior 4Co..Cleve..$82.S09 00
W.J. Hayes 4 Sons, Cleve.... 8^,300 OO
P. 8. Briggs 4 Co., Clncln.... S.'.lOOOO
81.917 00
Spltrer ACo., Toledo
NewlstNat.Uank.Columbus. 81,801 00
|
|
,
State Savings Bank. T<iledo..$81,696 00
Lauiprecht Bros. Co., Cleve.. "IflbC oo
Seasoiigood & Mayer, Clncin. 81 .200 00
W. u. Todd 4 Co.. Clncln. .. 81,00000
Keder, Holzman 4 Co.. Cln.... 80,903 OO
.
I
For description of bonds see Chronicle Sept. 28. p. 689.
Mineral Wells, Texas. Bond Election.— An election will
be held October 29 to vote on the question of issuing $8,500
sewer and $3,500 city-hall and jail bonds.
Mobile, Ala. Bonds Not Sold.— We are advised that the
§65,000 4$ paving bonds were not sold on October 10, there
being no bids received which could be accepted, as the city
cannot sell bonds below par.
Mount Calm School District, Hill County, Texas.— Bond
Sale.—The $7,500 4% 5-20-year (option) bonds of this district mentioned in the Chronicle of last week have been
sold to the State of Texas at par. Securities are in denorn
ination of $750, dated Sept.
2,
1901.
Hartford, Oneida County, N. Y.— Bonds Voted.— At
the election held October 12 the proposition to issue $20,000
1 25 -y ear (serial) sewer bonds carried by a vote of 6i to 51.
Full details of the issue have not yet been fixed.
Newport News, Ya.— Bond Sale.—Oa October 14 the $100,000 4% 40 year coupon paving bonds and the $25,(00 4l 40vear coupon refunding bonds were awarded to Denison,
New
& Co., Cleveland, at 100-50 and 100-40, respectively.
Following are the bids
Prior
:
have since been
disposed of at private sale.
Havre, Choteau
nng up to th<
upon the ]<
bonds and have approwd the same. 8
to as to genuineness by the Unite
Trust Oo. of New York City. Accrued interest
Oenlson, Prior
H.A.Newpher
&
Co.,
Cleveland
TheLamprecht Bros. Co Cleveland
Keder, Holzman 4 Co Cincinnati
For description of bonds see
$26,000
Both
Bond*.
Jiundn.
Imuc*.
$100. joo
100,200
$25,100
25.0M)
97,000
24,000
$100,000
$126,000
.
,
Chronicle
Sept. 28, p. 689.
New York City.—Bond
Offering.— Proposals will be received until 2 p. M., Oct. 29. 1901, by Bird S. Coler, City
gold corporate stock, as folComptroller, for $3,600,000
lows
3^
:
maturing Nov. 1, 1941.
stock for acquiring land lor park, maturing Nov. 1, 19*1.
260,000 stock for acquiring land for park, maturing Nov. 1, 1941.
360,000 stock for armories and sites, maturing Nov. 1, 1941.
$2,000,000 stock for repaving streets,
99ii,000
Interest will be payable May 1 and November 1. Either
or a certified check drawn to the order of the City
Comptroller upon one of the State or national banks of
York City for 2% of the par value of the stock bid for must
accompany proposals. The above stock is free from all taxation in the State of New York except for State purposes.
Niles, Ohio.— Bonds Authorized.—The Council has passed
an ordinance providing for the issuance of boDds to pay for
sewers in Church Street.
money
New
Nyack, Rockland County, N.
Y.— Bond
Offering.—Propo-
2 P. M., October 24, by John M.
Gesner, Village Treasurer, for $8,000 sewer bonds. Securities are dated Aug. 1, 1901, apd will mature §">00 yearly from
1905 to 1920, inclusive. Interest must not exceed 5% and will
be payable February 1 and August 1 at the office of the Village Treasurer. Accrued interest is to be paid by purchaser.
Oconee County (P. O. Watkinsvllle), Oa.— Bond Sale.—
Oa October 15 the $8,50J 4%% jail bonds were awarded to R.
V. Montague
Co., Kansas City, at 102 676 and blank bonds.
Following are the bids
.100 CO
R.V.Montague 4 Co. .Kan. City.102-676 W.J. Hayes 4 Sous. Cleve
.100-00
Chas. 11. Cofflu, Chicago
102 20
J uo. W. Dickey, Augusta
sals will be received until
&
:
-
B.
A. Keau, Chicago
10^00
cided to issue $57,500 bonds for a
For description of bonds see Chronicle Sept. 28, p. 689.
Oconto, y?ls.—Bond Election.— An election has been called
to vote on the question of issuing $21,000 judgment bonds.
Ohio State University.— Bond Offering.— Proposals will be
received until 12 m., November 8, by the Board of Trustees
Alexis Cope, Secretary— for $30,000 4\£% refunding bonds.
Louisville at 5* interest and $30,000 from the German Secu- Securities are in denomination of fl,00'J, dated Dec. 1, 1901.
rity Bank, also of Louisville.
Interest will be payable semi-annually at the Ohio National
Los Angeles, Cal.— Certified Check Required With Bids.— Bank, Columbus. Principal will mature $VK>0 Dec. 1, 1908,
In the Chronicle last week we gave details of the offering and |25,C00 Dec. 1, 1909. A deposit of $1,000 in currency
for sale on October 21 of the|2,000,000 %%<t water bonds. We with the Treasurer of the University will be required with
1
are now advised that a certified check for b% of the face value
of the bonds bid for must accompany proposals for $200,000
of the bonds or less and for 3g when bids are for more than
$200,000 of the bonds. Certified checks must be drawn on
some bank in Los Angeles and made payable to the Mayor.
Messrs. Dillon
Hubbard of New York City have passed
&
bids.
Olivia, Renville County, Minn.— Bond Offering.— Propobe received until 7:31 P. M.. November 4, by B J.
Schoregge, Village Recorder, for $20,000 b%% ooupin bonds.
Securities are in denomination of $2,000, dated Nov. 1, 1901.
Interest will be payable semi annually. Principal will masals will
THE CHRONICLE.
866
ture $2,000 yearly on Jaly 1 from 1902 to 1911, inclusive, and
will be payable at the First National Bank of ChicHgo, 111.
Palo Pinto County, Texas.— Bond Sale— The $32,000 refunding bridge bonds mentioned in last week's Chronicle
have been sold, $20,000 being taken by the Permanent School
Fond of the county and the remaining $12,000 by the State
awarded
Rochester,
&
rowed $10,000
Mass.— Loan Negotiated.— This city has borfor sewer purposes from local investors at V/£t>.
Pleasantville, Westchester County, N. Y.-Bond Sale.—
15 the $25,000 5-29 year (serial) regietered water
bonds were awarded to the Mechanics' Savings Bank of Fish
For
kill at 101-29 for %% per cents— a basis of about 3'40g.
full description of bonds see Chronicle Oct. 12, p. 805.
Plymouth, Ohio.— Bond Sale.— On October 14 the $20,000
5% water-works bonds were awarded to the Mansfield Savings Bank at 112-92— an interest basis of about 3-74J^g. Following are the bids
$22,684 00 Feder, Holzman & Co., Cln... $21,501 00
Manstleld Savings Bank
W. R. Todd A Co.. Cincinnati. 21,410 00
Provident Savings Bank &
On October
22.235 00
22,23f>
SpitzerA Co., Toledo
22.158
R. Kleybolte* Co.. Clnoln... 21.815
Denlson. Prior A Co.. Cleve.. ai.SOl
21.638
State Sav. Bank, Toledo
00
00
0»
00
50
New
lstNat. B'k, Columbus..
BrlRKS A Co., Cincin.. ..
Sons. Cleve...
Farson, Leach A Co., Chic...
First Nat. K'k. Barnesvllle...
First Nat. Bank. Crestline...
P. S.
W.J. Haves A
Scammon, Kan.
<
00
W alter Sta"nton A Co.. N
20.(11100
W.J. Hayes &
20,13100
NEW
1
from 1902
NEW
I.
BOROUGH OF
GLEN RIDGE, N.
4£
after
and $16/00 November 1st, 19SO.
payable eemi-annually.
Bonds to be
coupon in form with the privilege of registration.
Both principal and interest payable in lawlul money
of the United States of America at the Bank of
1st, 1929, Inclusive,
Interest
Montclair, Montclair. N. J.
Each proposal must be accompanied by a certified
check on a National Bank payable to the order of
the Clerk of the Borongn of Glen Ridge, N. J., t»
the amount of 5 per cent of the face value of the
bonds bid for.
The bonds will be engraved under the supervision
of and certified as to their genuineness by the
United States Mortgage A Trust Company, and
their legality approved by J. H. Caldwell, Esq., of
May
1,
Borough
Clerk,
INVESTMENTS.
LOANS.
BONDS:
(PA.)
&
Burr,
INVESTMENT BONDS.
J.
BOSTON.
MUNICIPAL
Public
BANKERS,
Devonshire Street
E. H.
Service
BANKERS,
Congress Street, Boston.
15 Wall Street,
New York.
STATE, CITY & RAILROAD BONUS.
NASSAU
ST..
MUNICIPAL
Corporation
Netting from
3%
&
NEW YORK
Co.
CITY.
BONDS
and
to 6%
always on hand.
DUKE M. FARSON &CO.
BONDS.
ROLLINS & SONS
115 Dearborn
St.,
CHICAGO.
Send for our Investment Circulars.
BOSTON.
Denver.
Co.,
4s,
Cleveland, Ohio, 4 1as,
Gallia County, Ohio, 5s,
Indianapolis, Ind., 3^8,
Nangatuck, Conn., 4s,
»-»v Britain, Conn., 3^8,
State of Mont., (Normal School) 5s.
CORPORATION
AND
BOSTON.
16
Butler County, Ohio, 4s,
Columbus, Ohio,
1
BOSTON.
&
& Co.,
Indianapolis, Indiana.
Rudolph Kleybolte
LIST.
Blodget, Merritt
Successors to Campbell, Wild
October Investments.
Perry, Coffin
MUNICIPAL BONDS.
C. STANWOOD & Co.
121
^VILD & CO.,
J. F.
Coatesville, Pa.
DENISON, PRIOR & CO.
E.
Indianapolis Fire Ins. Co. Stock, Price 150.
"
<fe L. Co. Stock,
93.
" 103.
Colombia National Bank Stock,
••
H. P. WasHon Prel. Stock,
104.
Price and particulars upon application.
Ind. Title Guar.
\VM. H. GIBBONS.
INVESTMENT BONDS.
CLEVELAND.
WE OFFER
$110,000 Marion County, Ind., 3*8.
$07,000 Union Traction Co. of Ind. 5a.
Belt Railroad Common Stock.
K uuh Fertilizer Co. Pref. Stock.
President of Coatesville School Board.
6o State Street,
8END FOR
-
luO'Oti
1911.
Sealed proposals will be received bv the undersigned until )2 o'clock noon November 16th, 1901,
for the purchase of S30,u00 Coatesville School
District Bonds of the denomination of $1,000 each,
to be dated January 1st, 1902, and payable October
1st, 1931 with the option of payment on and alter
October 1st. 1902, out of the annual tax levied for
thai purpose. The bonds to bear interest at the
rate of '6% per cent per annum, payable semiannually.
Rids to le made on both coupon and registered
bonds; the option being reserved by the School
Board to issue either kind.
Bids to be accompanied by a certified check for
$600. The right to reject any and all bids is reserved.
New York City.
Bidders must use the printed form of proposal
furnished by the undersigned.
The right is reserved to reject any or all bids.
For form of proposal and further information
1(.0«2
100 815
Sidney, Cape Breton.— Debentures Voted.— The citizens of
this town have approved an issue of $257,510 debentures. We
3K£ BONDS.
Sealed proposals will be received at the Council
In Glen Kldge, N. J., until 8 P. M. Friday,
October 25th. 1901, lor the purchase of all or any
part of $36,000 4 per cent Park Bonds of said
Borough. Bonds to be of the denomination of *1,U00
each, oated November 1st, 19ul, and maturing
$2,000 annually, .November 1st, 1920, to November
10193
100-6S*
For description of bonds see Chronicle (Jet. 12, p. 805.
Snarpsburg, Pa.— Bond Offering.— Proposals will be received until 5 p. M,, November 1, by A. H. S. Black, Borough Clerk, for $30,000 4% water and light bonds. Securities are in denomination of $1,000, dated May 1, 1901.
Interest will be payable semiannually, free of State tax.
Principal will mature $10,000 yearly on May 1 from 1920
to 1922, inclusive; all bonds, however, are subject to call
SCHOOL DISTRICT
J,
Rooms
Glen Ridge, N.
Sherrlll, Pou(jhkeepsie....lt0-C01
New York
..10O-0O
M. A. Stein.
COATESVILLE
PARK BONDS.
NATHAN RUSSELL.
W.
102"23
I.
^30,000
^35,000
State Auditor
am preen t Bros. Co.. Cleve
<ieo. M.Hahn. New YorkR. Kleybolte A Co.. Cincin
Jno. O. Everltt A Co.. N. Y
Jose, Parker A Co.. Boston
Penbale & Fisher, New York
Par
Par
For 3-«5* Bonds.
to 1912, in-
LOANS.
— The
-
?
Song, Cleveland.
.
O'ConnerA Kahler, New York. 100-10
aggregating $53 000.
Randall County, Texas.— Bond Sate.— Refunding bonds
to the amount of $15,000 have been purchased by the State
Permanent School Fund.
Redlands, Cal. Bond OJJering.— Proposals will be received until 2 P. M., October 30, by L. W. Clark, City Clerk,
Securities are in denomfor $5,500 A.y
2 % gold fire-hall bonds.
ination of $500, dated Nov. 1, 1901. Interest will be payable
semi-annually at the office of the City Treasurer. Principal
mature $500 yearly on November
Bonds Registered.
Seneca Falls, N. Y.— Bond Sale.— On October 15 the $11,000 1-11-year (serial) bridge bonds were awarded to the Seneca Falls Savings Bank at par for 33^ per cents. Following
are the bids
For 3W* Bonds.
For 4% BorUt.
Seneca Falls Savings Bank
Par
Denison, Prior A Co., Cleve
102 27
For description of bonds see Chronicle Sept. 14, p. 579.
Portsinoul.h, N. H. Loan Authorized.—The Mayor has
been authorized by the Board of Aldermen to renew notes
will
city has voted to
house.
21.2H2
21,400 00
21,037 0>
21,oi
Minn.— Bonds Voted.— This
has registered an issue of $12,500 water-works bonds.
Sealy (Texas) School District.— Bonds Voted.— This district on September 30 voted to issue bonds for a new school
:
Tr. Co.. Cincinnati
Seasonjrood & Maver. Cin
check for $250 must accompany pro-
Russell County (Kan.) School District No. o.- Bonds
Registered.— The State Auditor has registered $13,800 refunding bonds of this district.
San Saba County, Texas.— Bond Sale.— An issue of $10,000 refunding bonds has been taken by the State Perman ent
School Fund.
Santa Monica, Cal.— Date of Bond Election.— November
19 has been fixed as the day on which the proposition to issue
the $99,500 bonds mentioned in the Chronicle September 7
will be submitted to a vote of the people.
Hardin, Mian.— Bond Sale.—The $15,000 5-20 year (optional)
water works bonds advertised for sale on October 1 have
been awarded to Thomas J. Balder & Co.. Chicago, at 4%%.
11 the $20,000 f>£ 5-20-year (optional) bonds were
Trtu-tCo., Minneapolis, at
to the Minnesota Loan
For description of bonds see Chronicle Sept. 28,
104-125.
p. 689.
Pittsfleld,
certified
issue $25,000 electric-light-plant bonds.
Permanent School Fund.
Pipestone County (P. 0. Pipestone), Minn.— Bond Sale.—
On October
A
clusive.
posals.
[Vol. LXXIII.
San Francisco.
Investment Securities
FOR
Seasongood
S.
&
Mayer,
W, Corner Third and Walnat
CINCINNATI, OHIO.
Street*.
MUNICIPAL BONDS.
Hlgh-Grade
City, County,
Town «nd
School Bondi
issued In leading prosperous States of the Union,
especially adapted for safe and permanent investment for Estates and Trust Funds.
SAVINGS BANKS and TRUST FUND*
BONDS A SPECIALTY.
EDW. C. JONES & CO.,
b%
NBW
YORK.
PHXLA.,
-
-
NASSAU 8TRBBT.
-
1
-
118 SO.
FOURTH
ST.
October
THE CHRONICLE.
1901.]
19,
are advised that it will probably be bix monthB btiore the
securities will be ready for the market.
SnohomlBh Cuuniy (1*. 0. Everett), If uhU.—BuikIh Pro
posed.— Ih^ County CouJiuisBioners arecouHiil^iiug theqnet*
tion of refunding #115 00U 0* bonds isf-u-d Feb. 1, 1898
South Manchester, ( onn.— Loan Authorized,—The Selectmen have teen autbuiiztd to borrow $40,100 to meet the expenses of the vear.
Stamford, Couu.— Bond Sule.-On October 15 ihe $:»6.0fl0
2U-year redemption bonds were awarded to K.L.Day
& Co., Boston, at 108'419— an interest basis of about 8'266j.
Following are tb^ bidB
1U3419 Adams A Co.. Boston
ii
U Day A Co., Bonton
IS. \v. Harris A Co., Boston
109578
Parkinson \ Burr, Boston.. ..108M)»
BlodKd. Men
For descnijtioii of bonds see.CilKONiCLK Sept. 2t>, p. 690,
Starke Count) (P. O. Knox), lm\.~ Bond ^ate.— Oa October 10 988,989 07 4f„ /.-ravel-road bonds of Wayne Tow nship
were awarded to s. A. Kean, Chicago, at 101. Following
:
II
'.'tf
I
.
are the bids
Prtmiam.\
irtttwn.
Wild A fo Indianapolis..
Pai
Newist Nat. Hit Columbus
.Par
89 88 BetBongood A Mayer (less 91.000) .Par
A Cuomo lnvestoi
Securities are da d Nov. 15, 1901, and will mature onefortieth each six months for twenty years.
Bonds to be Oflired Shortly.— W. A. Pierson, County
Treasurer, will offer lor sale between Nov. 1 and Nov. 8 an
iseue of $34,120 80 \%1 Center Township bonds
w
A. Kean. ChiCHti'
J.
»38u89
Hayes A
ad.
I
no
:>*i
J. K.
,
.
.
i
1
i
Taliaferro County (P. 0. Crawfoidsville), Ga.— Bond
Ofteiiny. — Proposals will be received until Dec. 1 by W. W.
Bird, County Treasurer, for $22,510 4^4 gold court-house
bonds. Ten bonds are in denomination of #500. ten of $750 and
ten of $1,000 each, all dated Jan. 1, 1902. Interest will be
payable annually on Jan. 1 in New York City. Principd
will mature $500 -on January 1 yearly from 1903 to 1912, in
elusive; $750 yearly on January 1 from 1913 to 1922, inclusive,
and $1,000 yearly on January 1 from 1923 to 1932, inclusive.
Tara, Out.— Debenture Offering. Propo?als will be received until October 20 by J D. Tobey, Village Clerk, for
$2,452 20 4% local- improvement debentures, maturing part
yearly on December 31 tor 15 years.
Three Rivers, (Jaeliec. Bond Offering Proposals will be
received until October 21 by L. T. DesauJnie:s, City Secre-
—
—
—
INVESTMENTS.
Geo. D. Cook Company,
238-240 La
Salle Street,
Broad-Exchange
offer,
I
i
I
.
N.
Bids;.
subject to prior sale,
;
i
>-.
Topeka, Kan.—tti nd Hale.— An
ihcuh ol
ternal-imnrovement bonds baa been sold to tin
at 100*50.
I
r
28. p. 691.
Watertown, Mass.— Loan Offering.— Proposals will be received until 3 P. M., October 28, by Chas. W. Store, Town
Treasurer, tor a loan of $50,000 in anticipation of the collection of taxes. Loan will mature April 10, 1902.
West Hartford, Conn.— Loan Authorized.— loan of $85,000 for town purposes was authorized at the recent annual
town meeting.
Election
An
West Milton, Miami County, Ohio.—
election will be held to-day (Oct. 19) to vote on the question
of issuing $20,000 4£ 20 year water-works bonds.
A
TROWBRIDGE
Bnnk
WE
NEW
SUBJECT TO PRIOR SALE
BOSTON.
In IVanielpal,
CHOICE OKLAHOMA
FIRST MORTGAGES
Railroad and other bonds adapted
for trust funds and savings.
ISSUE TRAVELERS' LETTERS OF CREDIT
A VAILA BLE IN ALL PARTS OF THE WORLD. on improved
the
6
SEND FOR LIST
October Investments.
A NIVER CO.,
CHICAGO. MUNICIPAL. RAILUOAD AND CORPORATION
BANKERS,
MUNICIPAL
BAILROAD
CORPORATION
FARSON LEACH &
NEW YORK.
CHICAGO.
00 Devonshire
Write for our latest offering.
Winne
Building,
&
T. B. POTTER,
MUNICIPAL and Drnunc
Co.,
BONDS.
CHICAGO,
-
-
ILLS.
-
ARIZONA GOLD
5s.
Judge J. V. DILLON'S legal opinion:— "Upon admission to Statehood. Arizona bonds become a legal
New York Ravings banks."
List of bonds up >n application.
B.
ot CO..
Salle Street, Chicago.
HAKKY
CO., The School
Municipal Bonds,
TO NET FROM 4K* TO
of Commerce,
ACCOUNTS AND FINANCE
OF NEW YORK UNIVERSITY.
SALLE STREET,
OPENS OCTOBER
For
1,
1901.
ANNOUNCEMENT
"
tion fend po«tal to
containing all InformaRegistrar of the University
Washington Square, New Vork City."
6%.
CORRESPONDENCE SOLICITED.
C.
H.
WHITE &
CO.,
BANKERS.
Tl
Broadway,
POWELL
Woodntock, Vermont.
and
CORPORATION
BONDS
LIST ON APPLICATION.
investment lor
CHICAGO.
this paver.
MUNICIPAL
RAILROAD
BUNUb,
CORPORATION
AND CORPORATION
R.FULTON &
Wichita, Kansas.
St.
Railway and Gas Companies.
LINT ON APPLICATION.
LA
WINNE & WINNE,
Mention
BONDS.
"^"^^
MacDonald, McCoy
171
times
Bach of the securities has been personally ex
amlned by one of our salaried examiners.
CO.,
172 Washington Street.
F.
to 5
per cent Interest.
BOSTON,
Choice l.iuri.
La
2^
Building,
CHICAGO.
•nadnock Building,
171
farms, worth from
amount loaned thereon,
Netting the investor
4s.
MASON, LEWIS & CO.
MUNICIPAL
OFFER,
YOllll.
BONDS.
Street
—
Bmd
INVESTMENTS.
W. HARRIS & CO.,
Dated July 1, 1 MO I . Denomination $1,000.
Principal and semi-annual interest payable at Fiist
National Bank in the City of -N. V. Due. Ian. 1,
1 !* I 7. « iti.oui option ol previous pnyinenl.
Legal investment for savings banks in all the
New England States. Price upon application.
Firxt National
logi
Ten bonds are in denominatii
.'HI
and one of $248 79, dated July 1, 1901. K
be payable semi annually in New York City. Principal will
mature $900 yearly on Jnlv l from 1902 to 1910, inclusive,
and $1,148 79 on July 1, 1911.
Troy, Ohio.— Ao Bonds sol'i.— Wei-tated in tne Ciikonh i,k
September 28 that a sale of $80,000 A.%% rtfanding ark bonds
was renorted. This statement, we are advised, is incorrect,
nothing of that nature even having been contemplated.
Warehouse Point, Conn.—Loan Authorized.—At the recent annual town meeting the Selectmen w* ra authorized to
borrow $10,000.
Warren, Ohio.— Bond Sale.- On October 10 the f 3,500 i%
street-improvement bo ds were awarded to the Western Reve National Bank, Warren, at 101 and accrued interest.
The Warren Savings Bank Company offered 100714 for the
bonds and Seasongootl & Mayer, Cincinnati, offered par.
For full description of these securities s*e Chronicle Sept.
Bank
CITY OF DDBIQIE, IOWA,
KEF UN DIN*;
in-
t
of $400
Quotations furnubed for purchase, sale or exchange.
$20,000
.
.
31 NASSAU ST.,
CHICAGO.
Deal exclusively
CHICAGO.
We own and
I,
BANK ER8,
INVESTMENT SECURITIES.
N. T. Office. 1442
tary-Treasurer, for $100,000 v/.i oorp iration and $^,000 3J^i
''ated
gohool bonds Btcurltiet are In denomination of $i,' ')
Nov. i, 1901. interest will be payable semi annually at the
City Hal). Principal will mature May i, 1951. The auti.
ecorities will be found h
lty for the 1m nance of
Ed
want VII., Chapter 44, Section 217. The city,
Irked,
d debt ol $558,000 uud a dotting
50,
valuation <l taxable real
Tin$3,440,817.
Ttie value of city assets is placed at \
due
of the water works owned by the city la |172
1,000.
to the Official circular. The population is
I
3%%
f>.
367
•
AGENTS FOR
New York.
T11K
ANGLO-AMERICAN BANK,
i'harinii trout,
Ltd.,
Londnn.
WE DEAL IN
Lands and LaDd Securities
OP ALL STATES.
TEXAS LANDS WANTED.
Correspondence Solicited.
LAND COMPANY.
AMALGAMATED
Nrnmhu Street, New \ ork.
31
THE CHROJN1CLK.
i[868
at
WeBt Hut land, Vt— Bond Offerina.— Farther details are
hand relative to the sale of $25, COO 1%% refunding bonds
County Institution for Savings. The loan will
sixty days and is made in anticipation of taxes.
Proposals for
advertised to take place on November 1.
these bonds will be received until 7:30 P. M. on that day by
the Chairman of the Board of Selectmen. Securities are
issued under the authority of Sections 8111 to 3115, inclusive,
Statutes of Vermont. They are in denomination of $1,000,
dated Oct. 1, 1901. Interest will be payable semi-annually.
Principal will mature $1, 000 each year in five, six, seven,
eight and nine years, and $2,000 each year thereafter.
West New York, N. J.— Temporary Loan. —This town on
October 2 borrow ed at 5% interest from the Hudson Trust
Co. of Hoboken $5,000 for three^ months in anticipation of
the collection of taxes.
White Plains, N. Y.—Bond Sale.— On October 15 the $10,000 i% 20- year tax and assessment deficiency bonds were
awarded to Lawrence Barnum
Co., New York City, at
109 ( 3— an interest basis of about 3-376£. For description of
bonds see Chronicle Oct. 12, p. 805.
Yellowstone County, Mont.— Bond Sale.— On October
1
:
Fire and chemical hose
Klre apparatus
Engine house and
:re- alarm boxes
*3,6C0
8..V.0
Engine-house Improvements
site
912,000
1
4,000
I
ire
plugs
!
Youngstown, Ohio.— Bond Offering.- Proposals will be received until 2 p. m., October 28, by Wm. I. Davies, City
Clerk, for the following 5% bonds, bearing dateiof Nov. 4,
1901:
$260 Augusta Street grading bonds, maturing one bond of 150 yearly on
Oct. 1 from 11 Ol to 1H07. Inch
Tod Avenue sewer bonds, maturing one bond of |2<'4 yearly on Oct. 1
from 1908 to 1907, Inclusive.
Interest en all the above bonds will be payable semi-annu-
1,320
ally at the office of the City Treasnrer.
Pnrchaseis must be
prepared to take the bonds not later than November 4, the
money to be delivered at one of the city banks or at the office
of the City Treasurer.
certified check for 2% of the amount
of bonds bid for must accompany proposals. Bids must be
made separately for each i^sue.
Bond Offering.— Proposals will be received until 2 p. M.,
November 11, by the City Clerk, for the following 5% bonds,
dated Nov. 18, 1901
$1,826 Caledonian Street grading bonds, maturing one bond of $365 yearly on
Oct. 1 Jrom 1903 to 1907, inclusive,
640 Burke Street sewer bonds, maturing one bond of $128 yearly on Oct. 1
from 1903 to 1907, inclusive.
Purchasers must be prepared to take the bonds not later
than Nov. 18, 1901. The terms of the offering are as in the
preceding offering.
Bond Sate.— On October 14 the $700
Quarry Street grad-
A
:
(P. O. Chesterville) for the following de-
:
H
b% drainage bonds, maturing part yearly on Dec. 14 for 20 years.
4% drain bonds, maturing part yearly on Dec. 14 for 10 years.
982 00 i% drain bonds, maturing part yearly on Dec. 14 for 5 years.
866 92 i% drain bonds, maturing part yearly on Dec. 14 for 5 years,
1,878 50 i% drain bonds, maturing part yearly on Dec. 14 for 10 years.
$46,fll6 *9
1,530 46
_
in
&
Whitewright, Texas.— Bonds Approved.—The AttorneyGeneral bas approved an issue of $B,500 water-works b^nds.
Wichita, Kan.— Bond Sale.— We are advised that the 550,0C0 park bonds which we stated recently were voted on September 17 have been sold. Bonds carry 6g interest, payable
at the State fiscal agency in New York City. They are in
denomination of $1,0C0, dated Oct. 1, 1901. Principal will
mature in twenty years, subject to call after two years.
Wilkinsburg, Pa.— Bond Offering.— Proposals will be received until 2 p. M., October 31, by Arthur Stuart, Chairman
of Finance Committee, for $60,000 3J£# street-improvement
bonds. Interest will be payable semiannually. A certified
check for 2% of the amount bid must accompany proposals.
Winchester Township, Dnndas County, Out.— Debenture
Offering.— Proposals will be received until November 1 by
bentures
mature
the $45,000 \% refunding bonds were awarded to the Thomas
Cruse Savings Bank, Heleca. Bids were also received from
S. A. Kean, Thompson, Tenney
Crawford Co. and N. W.
Harris & Co., all of Chicago. For full description of securities see Chronicle Aug. 31, p. 463.
York, Pa.— Bonds Authorized.— The City Councils have
authorized the issuance of $30,(00 :\y,% 20-30- year (optional)
fire-department bonds, for the following purposes
&
Thomas Hamilton
LXXni.
[Vol.
ing bonds and the §650 5% Pearl Street guttering bonds were
awarded to R. McCurdy cf Youngstown for $718 and $662,
respectively. The First National Bank of Barnesville offered
$1,367 for both issues of bonds. For description of securities
Worcester County, Mass. Loan Negotiated.—The County
Commissioners have borrowed $25,0u0 from the Worcester
see
Chronicle
Sept. 28, p. 691.
INVESTMENTS.
INVESTMENTS.
INVESTMENTS.
SECURE BANK. VAULTS
TRANSMISSION ROPE.
haivd-book
OF
Railroad
Securities.
GENUINE
JULY EDITION.
WELDED CHROME STEEL AND IRU
Round and Flat Bars and 6-ply Plates and Angle
FOR SAFES, VAULTS. 4c
Cannot be Sawed, Cat, or
drilled,
and
THE AMERICAN
positively
Burglar Proof.
CHROME
STEEL,
MANUFACTURING
COMPANV.
WORKS,
Kent Ave. Keap and Hooper Sts.,
RKnoiii vw n.V.
Sola Man'f 'ers in the U. 8.
IX WALT.
THE GRAND PRIX
1901.
The United
States
Co.
THE 01 TY OF NEW
Life
Insurance
YORK.
John
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FINANCE COMMITTEE:
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<fc
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