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Finanrial
omnutn9
Supplement
(Monthly)
Street Railway Supplement
Investors Supplement
(0^
State and City
Quotation
Dana Oompamv,
[Entered according to Act of Congress In the rear 1901, by the William B.
VOL.
SATURDAY, OCTOBER
73.
Supplement ^mAma^
In the otnoe of the Librarian of Congress.)
NO. 1896
26, 1901.
Week'ending October
(frhvonitU.
3£fee
Terms
mm.
of Subscription— Payable in
$10 00
600
European Subscription (lnoludlng postage)
13 00
European Subscription Six Months (Including postage)
7 50
Annual Subscription in London (lnolndlng postage)
42 14s.
Six Mos.
do.
do.
41 lis.
do.
Above subscription lnoludes—
Thb Quotation supplement
Street Railway Supplement
Thu Investors' Supplement
Statb and Oitt Supplement
I
|
Advertising
ot
Transient matter
(8 times)
.
.
$4 20 Three Months 1 3 times) ..929 00
" ).. 50 00
Six Months
(26
22 00 Twelve Months (52 " ).. 87 00
A
Messrs. Edwards
Smith, 1 Drapers' Gardens, E. c, will take subscriptions and advertisements, and supply single copies of the paper
at is. each.
B.
Springfield
Worcester
Portland
Fall River
Lowell
New
DANA COMPANY,
Publishers,
Pine Street, Corner of Pearl Street,
Post Otnoi Box 958.
NEW
Bedford.
Holroke
Total
London Agents:
WILLIAM
Boston
Providence ...
Hartford
New Haven...
Inch Space.)
(
standing business cards.
Two Months
—(Per
New
Eng...
Chicago
,
Clnolnnatl
Detroit
Cleveland
,
,
Milwaukee
Columbus
Indianapolis
Peoria
ToledoGrand Rapids
Dayton
BvaniTllle
YORK.
Boston.
Philadelphia
Baltimore
Chicago
8t. Louis
New Orleans
Seven
Other
oltles. 6 days
oltles, 6 days
Total
Total
The
dan.
all oltles, 6
All alt let, 1
day
all oltlei for
week
I
$1,018,673,987
111.887.887
88.974,110
18.815,893
180,689,710
38 soB.eei
11,188.776
$«8.806,841
$1,419,948,470
857.017.683
$1,898,000,946
216.017.408
+7 4
+11-8
+17-8
+6-7
+80-8
+23-6
+3-1
99,538.363
76,686,703
15.915 66S
112 933,831
89 485 711
10.81t.918
$1,678,940,099
358.999.864
$1,608,018,849
877.885,887
$1,089,989,968
$1.785 704,818
P. Cent
-t-9-9
I
+19'0
below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Oct-. 19, 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
over 1900
Clearings
246 per
is 15-6
cent.
1901.
New Tork
88
Rochester
Syracuse
Soranton.
898
19.S8M 887
7,.054.1 S3
8 .H -5.104
6 616 191
2.431 12*
g 225 673
a 804.239
9,V4\466|
1.897 486
i sn.s.t*
1.140.892
1.050 H45
i.
,
,
888
Va
Total Middle.
850 838
270,869
845 H00
i,
,
Sine ham ton.
Chester
S";5
1
S*.l
9'48.h39:
379.700
274 989
833,261
406.757
743 0H3 Not Include
776.S90 Not Include
=1
522 094.763 1 179 307 90m'
October
19.
1899.
+ 19
1
97,043 806
?
44M-8 93-
-fli-9
+ 25-2
81377.49>
6 716 992
-t-lb
-
+17
t9'6
+16*3
+IT7
+28-5
+86
-
5
-b-3'
4rt».00O
+4>-6|
+28-1,
808,*40
310,000
71,190,184
18 6'0 787
19 8011 882
i 419 235
2.7(4 180
8.886.8*3
2 012 93SI
1,199.230
1.8!849'l
1,042.049
1
763.8.30,515
8 077 038
1
071 785
1.030.858
140
76-\443
3B7 5J»
9-<2
'
29 11.888 855 06W
1
wl4 615 388
164,059,326
144,498.924
194.899,204
1*0.075,132
166,916.495
18,418.700
18.457,519
18,860.86*
0.846.039
7,988,400
4 880,788
2 891.988
8,4"4 610
1,840 699,
1.815,06b
861,971
137.015.068
146,304.450
16,618.100
8.861.718
19.U97.Wt0
0.429 359
6.813 500
8.697.713
2.1*6,295
8.861 886
1,245.886
1,086,863
1,175,803
3*6.861
627.773
489.408
476,000
897.064
874.994
808,606
874,168
170.024
107.808.780
12 869.800
7,451,518
086 158
6,143.786
4.017.700
14,609.8601
8,496.888
11.871,084
6,145018
6 768 00(
3,184.849
8.888 037
2.219 098
1,283.581
1,044.836
963,727
831 318
430,579
479.142
630.400
818,809
8.725981
1.748479
1 640 404
948.790
807 441
770,679
16 989 478
1.800 087
8838.448
1,842684
1,880.782
1,204,772
819,484
592.533
171.898
1.678.678
1,036,948
917.887
767,923
439,400
124,077
88 600.006
87.389.899
10.180,784
16 707 800
14 225 846
12 627.177
7.855.841
266248
859,471!
824,144
188,878
265,000
825 821
880.443
188.60:4
87,882.978
+84"0
Kansas City
19.257.299,
18 617.489
Minneapolis
17,666 466
6,900.000
6.483 106'
6.768 618'
4,772 480
1.669 701
1.106,000
1.641.315
1.846.091
448,781
186.7131
868.366
16,715,802
6.676 391
6 493.2*0
4.773.142
8 864 334
1.625,730
00,893 251,
82 870 734
46 764 86?
36.487,158
14 One 018
7,917 025
,
Fargo
Sioux Falls
Total Paolflo.
,
,
Paul
Denver
Joseph
Des Moines
DavenportSioux City.
St.
Topeka
Wiohita
Fremont.
Colorado Springs.
Tot. other West..
Louis
New
1.874,446
1.267.881
66-.918
616211
Orleans.
18,944.484
Louisville....
8 621664
6,254 000
Galveston....
Houston
Savannah
....
8,198 053
1,199,024
1,075,369
718.300
875.846
3.8*1.777
1,450 388
1.642965
2.488.276
i
678
9S:i
Fort Worth..,
1.780.336
Birmingham..
Macon./
899,707
856.000
914 834
624,700
862 8
1 677,708
8 502 966
8.9 7 913
6.084227
610.182
4.826 383
8.158 003
1,435 644
8.696.944
8.126.003
1,808 664
7S8.574
9:38.871
1.828 416
419.428
158.067
904,210
414,621
143,806
978,067
716 281
897 686
89.000
58.163 106
00729.73*
753 708
+6'4
80.533.089
7 495 889
6,367.834
6 887.100
1 973 876
4 864.260
2 817 288
2,833 403
1.789.884
1,187 394
1 184
1.508.177
1,357 984
676.20"
1,050 883
421
1,196.280
416 408
922 060
614 789
683.000
459 402
319 810
2 H 933
860 000
809.000
807.381
444.260
284.841
U7.974 667
Total Southern... 109.60d.6n9i\
2 143 828.670i 1.720 883,817
Totalall
Outside N. York..
194,878
9-0.1.00
8 683 856
4 236 823
8 626.659
1.448 617
8704.304
816 858
909 987
160 758
1,098.057
1,037,626
6.794.180
Richmond....
Augusta
2,176,01S8
5100 000
Memphis
Norfolk
8,653 248
7.894,708,
Atlanta
Nashville.
8 691.081
4.210000
8 896 2.10
4,112 584,
848 969
400.000
898.086
824,800
186.00!)
46,978,068
4115.817
Seattle
Spokane
Tacoma.
Helena
U
888
88 7
+ 11-9
+84'8 1961090 966
800,019 360
697.236 715
+16"8
769.563 878
15 917 310
13 4J6 41W
8 241728
1609 687
18 8P2 358
8 639 830
15*2 851
1.8.6 576
-I-19-7
+39'4
+104*8
+28*8
8114'8
813107
14,081807
9,386 3t»
8,8>'9 398
1.203 858
711 340
6»0 888
690 881
78,8.7.i24
843 686.001
'.5J
855.496
0AJTADAMontreal
Toronto
Winnipeg
Halifax
Hamilton.
John
Victoria
I
867,288
8. 299.746
St.
In tot «i.
In tot Hi.
782,818
880.000
841.340
20 497,162
8,479318
Jacksonville...
4-4WTd 1.209.638.O92
949 040
+17-2
+8l\4
+20*6
+69*8
+28-7
+14-6
+17-9
-80-7
+37-6
+60-4
City.
Chattanooga..
Oent.
800 680
28 708 550
Lake
Portland
Loa Angeles...
Little Rook...,
1001.
'.
1.337 .809.810 1.023 598.102
107 816 121
90,1X2 8 >4
81 188 851
89^74 499
Washington
Albany
Sreensburg
Wheeling W.
Wilkes Barre
1900.
$
Philadelphia
Pittsburg
Baltimore
Buffalo
the increase
710.132
486.886
885.0 45
87.788.276
4,178.957
3,206,191
8.681.616
Salt
Knoxvllle....,
Week ending
at—
Wilmington
New York
Outside of
per cent.
1.84 =.,061
9<!5.775
588 900
443,306
817,622
060 740
1
167 9088*4
St.
We present
1,076,081
1,232.028
1.611 028
1.609 5=40
1.612 545
809.862.601
Omaha
night.
1,889 809
-4
102 878*14
7.281 800
+17*9
St.
the week covered by the above will be
given next Saturday.
We cannot furnish them to-day,
olearings being made up by the clearing houses at noon on
Saturday, and henoe in the above the last day of the week
has to be in all cases estimated, as we go to press Friday
8.818.034
1.467.082
1,668,626
1,829.6
9 436.800
198,183,721'
+11-8
-f-14'1
|
2 886.900
1,768 248
883 694,568
+2f3
full details for
178 618,658
7.998,100
8,878 819
1.448.673
Not inolude
Lexington
Rookford
1900.
126 177 442
512147
San Franolsoo.
1901.
143,794.473
8,926.000
2,518,598
1.683,870
1,658,813
1.746.773
1,570,888
960,808
688.674
490.88S
689.000
600,806
3B8.236
801,381
338.162
168,802
274,755
281.392
165.518
89 901
Springfield, Ohio.
New York
1S9&
99ft
Youngstown
The following table, made up by telegraph, etc., indicates Canton
111..
that the total bank clearings of all the clearing houses of Jacksonville,
Qnlncy
Bloom
lmrton.
the United States for the week ending to-day, Oct. 26,
Jackson
have been $2,035,939,903, against $2,143,323,570 last week and Ann Arbor
Tot. Mid. Wesfn.
$1,785,704,216 the corresponding week last year.
fVeth JBndlnj October 81
1
Springfield, 111....
Akron
Kalamasoo
CLEARING HOUSE RETURNS.
OUartngt— tUturnt by Teleorapn.
1001.
1000.
Advance:
..
Terms
19.
CUarlnft at—
PUBLISHED WEEKLY.
For One Year
For 81x Months
(^a™^)
Vanoouver
Quobee
Total Canada
—04
+43"8
—10-5
795 666
+2-8
000.00900.000
1
1,085 180
1.808,768 Not Include d I n tot jal.
+29-5
80.814 512
89 086 >4,
87,603 S3"
829 737
718 245
667.816
14.600.704
8 018 060
2 1.6 146
1. 235. 626
776.838
594,810
695,000
29 400.804
THE CHRONICLE.
870
THE BANKERS' AND
'1RUST
SUPPLEMENT
[Vol. LXXIII.
learned professions as
property of a
the exclusive
"Opinions may differ as to the
few.
achievements of democracy; but none can fail to value
copy of which is sent to every subscriber of the Chron- that growing democracy of letters which makes of
icle, we present to our readers a complete report of every calling a learned and noble profession when it is
the proceedings of the annual convention of the Ameri- pursued with clearness of vision and with the disincan Bankers' Association held last week at Milwaukee. terested devotion to the public welfare, both of which
The Supplement contains 116 pages, and, as the true learning inspires." The celebration closed WedIn our Bankers'
and Trust Supplement
privileged
to-day, a
very handsomely gotten up.
The Supplement embraces the proceedings of the
Trust Company Section, a distinct department of the
reader will notice,
Association,
steadily
is
which, like the
Association
itself,
is
growing in membership and influence.
made
in
features
all its
most
memorable, being graced by the presence of the President of the United States, Theodore Roosevelt, and
sixty other notable men, upon all of whom were conferred honorary degrees.
We
1HE FINANCIAL SITUATION.
see
it
stated in the "Iron
pects for iron
Yale University has been celebrating a birthday the
current week a birthday that dates back to the beginnings of things when the nation was in embryo. Its
—
we think not inappropriately
the vernacular of to-day a gathering of " the
bi-centennial might be
called in
nesday; that day was
workers." From the start, in that formative period,
the records show clear marks of very early good
material the college turned out, and these evidences
have been widening and multiplying as it has been
developing. No men have worked harder or longer
hours or have done and are doing more to develop
the country than the classes who were the hosts and
the guests on the occasion from the various departments
of business.
Thereby Yale is and has been during its
career one of the leading creators of the captains of
our industries. We do not mean that all who are
foremost in the walks of business life are graduates,
or that all graduates find themselves lifted to the top.
The thirst for knowledge that is Jimbibed there, and
the enlarged capacity for effective production attained
at such centres of education, do not spend their force
in advancing the
comparatively few who graduate
and have been thus
directly
connected
with them; but a leaven is perpetually flowing
out from such institutions that permeates the mass
of our people.
It raises a standard for all our
schools, and through them for all the studious and
ambitious ones who, having been denied a college
education, have availed themselves of the best helps
they could secure and through persevering effort and
self sacrifice have
gained the highest positions.
and
steel
Age"
that the pros-
exports are gloomy "at any-
thing like prices on a parity with our
home market
so
heavy lines are concerned." That is no
doubt a correct statement of the situation and outlook at the moment. We must remember, however,
that this comparison is made at a time when prices in
Germany and Great Britain are at their lowest, probably lower than can be continued when the trade in
those countries revives a little and production enlarges, and that our prices are higher than a year ago,
before the steel strike had influenced them. When
trade here becomes normal, which it is likely to do
early in 1902, we look for a yielding in price in our
far as the
markets which
ing differences.
large, acting
will, in part at least,
Present
profits,
bridge the exist-
which we
all
know
are
on our capacity for production, ought
have a leveling effect. Then there is the new
German tariff which presumably is to become a law.
Its effect on the cost of production in Germany, and
hence on the future price and exports of that country's products, are matters that also must be reckoned
with, though the economic action of that law may
also to
take a long time to develop.
were not for the condition of our money market
there would be no special interest felt in flurries in
foreign exchange such as occurred Tuesday of this
week. The United States has for some time been
bringing in gold every few days through Australia and
San Francisco. Indeed, as we stated last week, our
net imports of that metal in September were about 11£
If it
we note other
Lowell, that inimitable essayist, in an address de- arrivals this week. This gold would not have come
livered in 1886 at the anniversary of Harvard Univer- in without there was a profit in the movement, and it
sity, quotes President Quincy as saying " that if a will not in turn go out unless a profit is also the result
young man came hither and did nothing more than of the operation. If we get a gain twice on a turning
rub his shoulders against the college buildings for four
years, he would imbibe some tincture of sound learning
by an involuntary process of absorption." Certainly
it is not an extravagance to add that the earnest ones
who leave those Halls go charged with the same vitalizing effluence and communicate
it
far
and
near.
President Hadley in his address of welcome laid
special emphasis upon the broad truth that no condition of life and no bounds of occupation restricted
the membership of the brotherhood of learning. "We
are proud to have with us," he said,
calling,
who by arms
or by art, in letters
merce, have contributed to bring
the scope of university
no, bounds of place,
"men
life.
no
all
of every
or in com-
equally within
Our brotherhood knows
limits,
natural or artificial."
—that the day was past when
over of one lot of that metal the transaction ought to
be satisfactory. Besides, as there is no dearth of gold
here and our production of the metal is increasing,
our stock is likely to remain large enough to let Europe
if it
fortify its reserves out of our abundance
The only conceivable source of anxiety
feels a need.
would be our money market; and that embarrassment
that
if it comes will arise chiefly from the old cause
the
in
surplus revenue is being locked up day by day
Sub-Treasury. This situation calls for the earliest
practicable action of Congress, for the large operations our market has to carry through now-a-days, like
the Flat Top Coal Land Association purchase this
week, make these Sub-Treasury withdrawals especIn the meantime the expectation
ially troublesome.
—
currency from the West will
set in soon and avert any considerable contraction of
people held the loans, even if gold should be exported, which the
With these preliminary statements the President
reached what would seem to be the burden of his
thought
million dollars, and later in this article
is
that a return flow
of
October
26,
THE CHRONICLE.
1901.
speedy decline in exchange indicates
is
not, at least at
present, a possibility.
Our stock market opened the week
tureless;
It
dull
and
fea-
lin
and
871
to Paris,
tinental
centres
Imperial
Bank
of
and the
unofficial rates at these con-
were firm.
Germany
It is
is
ments to shippers of gold from
reported that the
offering special induce-
London
to that centre,
was not, however, a situation that fore- and the rate of exchange at Paris on London
boded general weakness.
railroads are concerned
On
the oontrary, so far as
make profitable a movement of gold
is
so low
French
Consequently it is expected that shipments
capital.
multiplying.
Since Monday there has been a revival of gold from London will continue, and possibly this
in the buying, especially conspicuous on Wednesday. may cause an advance in the Bank of England rate of
The leaders were the roads in the Northwest and a discount.
good second was the Vanderbilt properties. Concurrently almost all railroad stocks were in demand.
The statement of the New York Associated Banks
The apparent cause of the fresh activity related to last week showed a loss of $1,411,100 cash. The loans
the same matter we referred to last week a belief were increased $4,038,500, while the deposits were
that an arrangement had been perfected under which augmented $2,425,200.
The surplus reserve fell off
an adjustment would be concluded of all difficulties $2,017,400, to $15,465,775. Among the special movebeiween the parties in interest in the Northern Paci- ments of money this week which will probably affect the
fic,
the Great Northern, St. Paul, Burlington & bank statement to be made public to-day (Saturday) may
Quincy, and perhaps including other important be noted a transfer to Philadelphia on Friday of $5,properties.
Added to this report was the revival of 000,000 in part payment for the stock of the Flat Top
the long-rumored amalgamation of the Vanderbilt Coal Land Association, which was recently bought
roads.
As the week closes, very little, if anything, by the Pocahontas Coal & Coke Co.; the amount paid
more is known with reference to these matters.
for |the property was about $10,000,000. It was reported on Friday, however, that the above-noted
The announcement that the Atchison Topeka & transfer had been partly arranged for with PhilaSanta Fe Kailway has arranged for the acquisition of delphia
exchange.
The $2,500,000 gold which
the Santa Fe Prescott & Phcenix Railway can occa- arrived at San Francisco last week from Aussion no surprise.
The step seems a perfectly natural tralia was transferred through Assay Office checks
one, the road being a feeder of the Atchison, and its to this city, and these checks were paid at the
location such that it might be regarded as practically Sub-Treasury early in the week.
Of the $1,500,000
a branch of the same.
The road extends from Ash gold which, as noted last week, arrived at Seattle,
Fork in Arizona, on the main line of the Atchison, to Wash., from Nome, $468,253 was paid for with
Prescott and Phoenix, Arizona, and embraces, with Assay Office checks during the week.
An arrival of
branches and spurs, about 250 miles. The general $2,000,000 gold at Seattle, Wash., was reported on
tendency is towards the absorption of the smaller roads Thursday; this will also be transferred to this city.
by the larger. In fact, the trend of the times is in There was a transfer to London on Monday of $400,the direction of the amalgamation and consolidation 000 for account of the Navy Department, and also a
of the larger systems, too.
This is particularly true transfer of $300,000 to Manila for the Pay Departof the railroad mileage in the Southwest as exempli- ment of the army.
Payments at the New York Subfied in the case of the St. Louis & San Francisco, the Treasury for unmatured bonds during the week
Fort Worth & Rio Grande and the Kansas City Fort amounted to $350,000, making $42,557,156 61 since
Scott & Memphis, all of which are under identical April 2. The payments this week were for bonds
control.
In the matter of the Santa Fe Prescott & which had been accepted by the Secretary of the
Phcenix, there is the farther advantage that the Atch- Treasury October 2, and only $100,000 more of these
ison gets a piece of road which has been profitable on bonds remain
undelivered.
Purchases
of bonds
Its own operations. The road earned a surplus of $112,under the order of March 30 are understood to have
453 above charges (including the interest on the sec- been suspended, though no official notice to this efond mortgage bonds) in the fiscal year end- fect has been issued by the Department.
ing
June 30, and it earned a surplus also
evidences
of
as to
to the
strength are
—
in
the
years
preceding.
It
has
$4,940,000
5 per
mortgage bonds outstanding, $2,964,000
second mortgage bonds and $7,904,000 of capital
stock.
The Atchison circular states that the Atchison Company has succeeded in buying $2,963,000 of
the second mortgage bonds and practically all the
cent
first
shares of the capital stock at a cost aggregating
$2,833,108.
The purchase would thus seem to be
made on very advantageous
The Atchison
Money on call, representing bankers' balances, has
loaned at the Stock Exchange during the week at 4
per cent and at 3 per cent, averaging about 3£ per
cent. On Monday loans were at 3^ per cent and at 3 per
cent, with the bulk of the business at 3£ per cent. On
Tuesday and on Wednesday transactions were at 4 per
cent and at 3 per cent, with the majority at 3± per
cent; the loans at the higher rate were, however, small
amount. On Thursday loans were at 3£ per oent
stockholders will vote at the annual meeting in Dec- and at 3 per cent, with the bullc of the business at 3£
ember on a proposition to ratify the arrangement. per cent. On Friday transactions were at 4 per cent
They will also vote at the same time on the contract and at 3 per cent, with the majority|at 3£ per cent.
for the purchase of the Pecos Valley & Northeastern. Tbe banks and trust companies loan at 3 per cent as
The reasons for this latter acquisition were set out in the minimum. The demand for time contracts ii
the annual report.
only moderate, while the offerings, especially from interms.
in
than banks, are liberal. Rates are
4i@H per oent on high-grade collateral, 4|@5 per
cent on good mixed security and 5@5^ per cent on industrial collateral.
The periods in each class of loans
There is only a
are from sixty days to six months.
stitutions other
There was no change in the official rates of discount
by any of the European banks this week. The open
market rate
Wednesday
in
London, however, advanced after
consequence of a drain of gold to Ber-
at
THE CHKONICLE.
872
[Vol. LXXIII.
aupply of commercial paper on the market, mer- cent in short, to 4 86J@4 87, and of half a cent in
chants generally requiring but little money, owing to cables, to 4 87^@4 87f. The demand was then quite
prompt collections. The inquiry for paper is small urgent for covering maturing contracts and for
On Wednesday rates fell eff mainly
from the city banks and the business is chiefly con- remittance.
Rates
because
cities.
the lighter inquiry, and there was
of
interior
to
institutions
in
near-by
fined
decline
three-eighths
of
of
a
cent
in
are 4-$@4-$ per cent for sixty to ninety- day endorsed a
bills receivable,
4^@5 per cent for prime and long, to 4 83£@4 81, and of one- quarter of a
5@5J per cent for good four to six months' single cent in short and in cables, to 4 86-] @4 86| for the
former and 4 87@4 87^ for the latter, and the tone was
names.
weak. On Thursday a renewal of the demand caused
The Bank of EDgland minimum rate of discount a recovery of one-tighth of a cent in short and In
remains unchanged at 3 per cent. The cable reports cables, to 4 86£ @4 86| for the former and to 4 87^
discounts of sixty to ninety day bank bills in London 4 87£ for the latter, while long was one- eighth of a
The open market rate at Paris is cent lower, at 4 83|@4 83|. The market was steady
at 3 per cent.
2£ per cent and at Berlin and Frankfort it is 3£ per to firm, and it so continued on Friday, when there
fair
According to our special cable from London was a rise of one- eighth of a cent in short. The followthe Bank of England lost £825,718 bullion during the ing shows daily posted rates for exchange by some of
week and held £30,351,411 at the close of the week. the leading drawers.
cent.
Our correspondent farther
advises us that the loss
was due to exports of £1,228,000 (of which £829,000
were sold in the open market, £250,000, were to Egypt,
£134,000 to France and £15,000 to Roumania), and to
£402,000 net received from the interior of Great
DAILY POSTED KATES FOR FOREIGN BZOHAHOB.
Brown Bro.
Barton,
M ago an * Co..
Bank
Britain.
ff°*£»
foreign exchange market was quite strong until
Wednesday, when it became weak in the absence of
urgent demand, recovering, however, on the following day. There was a liberal supply of commercial
bills
Sight...
(
<
.
.
elhelmer
k
Co.
it
60 dayi
movement
and a disposition on the
of the staple for export
part of planters
and others,
Oct.
(
»^;
60 days
FBI.,
Oct. xt
Oct 25.
84*
87*
84*
87*
85
87
86
87
84*
87*
84*
84*
87*
64*
87
85
85
87
85
87
85
87*
*ts.
-8
87*
69
87
86
87
85
87
85
67
88
84*
86*
84*
86*
84*
86*
84*
85
4 87
87
87*
87*
87*
4 84*
4 87
84*
88
85
86
85
87
87*
87*
87*
84*
86*
84*
86*
87*
84*
86*
85
87
65
87
85
87
4
t
vierohant*' Bk.
THUE.,
Oct.
87*
4
d
Wed.,
94*
Bight...
Sight...
Oct. 22.
87
88
(
)
TrjES.,
4 87
4 85
4 87
60 day l
LaiardFreret...{|°
A.
4e4*
4
4
4
against cotton during the greater part of the week,
there being a free
MON.,
84*
80*
Bank of
)
84*
4 88*
Canadian Bank j 60 days, 4 84*
Sight...
4 86*
of Commerce.
Heidelbaoh. Iok- < 60 dart, 4 84*
British
No. Ameriot,.
The
(60 dart.
Fri.,
Oct. 18
87*
84*
84*
80M
84*
8«*
87
85
87
57
eS
closed at 4 83f @4 S3£ for long, 4 fc6f
4 86£ for short and 4 87£@4-87i for cables.
Com-
&
The market
who have been holding cotton, to sell at current prices. mercial on banks 4 83£@4 83£ and documents for payThe bills against these exports and those drafts which ment 4 83@4 84. Cotton for payment 4 83@4 83 J,
were made against other commodities were promptly cotton for acceptance 4 83£@4 83 j and grain for
taken early in the week, the demand being quite ur- payment 4 83£@4 84.
The supply of commercial bills was fairly large
gent.
on Wednesday, but then the inquiry was lighter and
The following gives the week's movements of
consequently rates for exchange receded. On the folmoney to and from the interior by New York banks.
lowing day, however, the demand increased, causing a recovery in the market. The inquiry during the week has been chiefly to cover maturing exchange
loans,
though it is reported
that there was a demand on Tuesday to remit for the
instalment due November 7 on American subscriptions to the £60,000,000 British consol loan issuedlast
There was also an inquiry to remit for stocks
sold for European account and a demand for cables
incident to the pending settlement on the London
Stock Exchange. The recovery in the market on
Thursday was caused by the demand for the Saturday
steamer; the higher discount rates in London then
had some influence. Bankers expect large deliveries of contract commercial bills against cotton for
the remainder of the month, but these, having been
sold in advance, will probably have little effect upon
W**k
MnMnt
October 86, 1901.
lUtrtved b\
8Mw«I
Nit Interior
Movement.
bv
N. T. Banks. N. T. Bank*.
Oarrency.
Sold
Total gold and legal tender*.
•7.060,000
10.182.000
881,000
1,494.000
Loss. 12,082.000
613,000
Loss.
47 981.000
110.620.000
Loss. 12.696.000
With the Sub-Treasury operations the
result
Is
as
follows.
April.
the market.
The Assay
Banks
Interior
25,
movement, as above
Total gold and legal tenders.
The following
in the principal
Nominal rates for exchange are 4 84£@4 85 for
sixty-day and 4 87® 4 874- for sight.
Rites for actual
business opened on Monday at an advance cf onequarter of a cent for long and short and of threeeighths cf a cent for cables compared with those at
84@4 84^ for sixty-day,
86»@4 86| for sight and 4 86^@4 86£ for cables.
The marketfwas strong and it so continued on the following day, when there was an advance of one quarter
of a cent in long, to 4 84£@4
84f, of five-eighths of a
the close of last week, to 4
Out of
Banki.
Ntt Ghanw in
Bank HolMtm-
17,931000
22.400,000
$10,626,000
22,000.000
Loss. 62,699,000
400,000
Gain.
160.331 MXi
182,620,000
Loss. $2,296,000
table indicates the
amount
October 24, 190L
Sank
of bullion
European banks.
October 85, 1909.
of
BUwr.
Gold.
$58,640.
Inte
Bank*.
IML
Smb-Treasury operations
Oflice paid $1,434,755 50 for
domestic bullion. Gold received at the Custom House,
4
Week an<Mn# October
tngland
rranoe
Germany'....
auasla
A.us.-Hung'y.
Spain
Italy
Netherlands..
*
Mat. Belg'm
Bold.
Total.
Bilver.
Total.
M
*
J
%
80,851,411
86,361,411
62.808.494
88,808.494
94.358,863 43,839.954 188,198,817 91,716,681 44,674,781 136,390.802
86.463.000 13,638.000 40,094,000 £6,138.000 18 462,000 39,594,000
66.883.000 5.916,000 72,898,000 70,682.000 6.166.000 76,688,000
46,601.000 10,886.000
60,327,000 37.803.000
30.906.000
9,778,000
13,689.000 le.eoi.oco
47,639,000
14,000,000 16.900,000
15.945.000 1,968.600
17,918,600
15.412000
1,674,000
17,080,000
10.454,000
4,274,000
6,755,900
5,711,800
11.467,500
4.870.000
5,634.000
8,099.383
1,549.667
4.649.000
3,819.000
1,485,000
30,293.000
fot-this week 307.660 907 100348721 408,204,8!)8 295,866.015 99,265,781 895.120.796
Tot. prev. w'k 307.880,982 100272810 408.158.193 295,472.427 98,901,517 394,873,944
* The division (between gold and sUver) given In our table of coin
and bullion In the Bank of Germany and the Bank of Belgium Is made
from the best estimate we are able to obtain; in neither case is it
claimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and sliver, but we
believe the division
we make is a close
approximation.
October
THE CHRONICLE.
26, 1001.]
873
much; our present clumsy and stupid plan
CONGRESS AND THE SURPLUS.
of holding
Treasury cash, worthy of a half-civilized government,
One point made by Secretary Gage in his speech to has been a potent factor in such mischief as the TreasBut we shall be much
the bankers at Milwaukee has received less notioe ury operations have done.
than it deserves, because some other topics made mistaken if even enlightened reform of this abuse can
Supposing a national-bank-demore immediate appeal to the attention of his hearers. extirpate all the evil.
It is, however, a matter of whioh more will be heard posit systom to have been adopted, we should still be
when CongresB assembles next December. We refer confronted with the extraordinary possibility of the
to the Secretary's reference to the public income and Government maintaining in bank a fund of two to
expenditure.
"I believe," said Mr. Gage, in enumer- three hundred million dollars, subject to instant
ating the several points of weakness which might be draft of the Treasury authorities, which power
improved in the Government's fiscal service, "that in they could exercise at will by the use, wisely
periods of national peace and prosperity the publio or unwisely, of the broad powers of debt rerevenue should be somewhat in excess of public ex- demption. We have been fortunate for many years
penditure, and that the surplus revenue should be in having a series of experienced and conservative
but even
financiers in charge of the Treasury;
applied to the reduction of the public debt."
the United States has not been wholly free, in its
If any one unfamiliar with the actual practice of
our Government, and entertaining only such theories longer past, from Treasury officers with a taste for exWhat might happen under such circumof fiscal administration as are based on plain common periments.
sense, had listened to this proposition, we suppose he stances the experience of some other nations at this
would regard it as a piece of superfluous advice. If very time is a proof. No such possible control over
he had studied in fiscal history only the work of the the money market ought ever to be placed in the
British Exchequer he would have found the simplest hands of any public officer, and our own public officers
Mr. Gage's suggestion. Looking at the
annual outcome of Great Britain's revenue and expenditure, he would have found, during the twenty
years prior to the outbreak of the Boer war in 1899,
that neither excess of annual receipts nor excess of annual disbursements ever rose above $20,000,000; that
in a third of the years comprised, the difference between the two sides of the account did not exceed
$1,000,000, and that the average was a surplus
amounting to seven or eight million' dollars an
amount readily disposed of on Secretary Gage's plan
realization of
—
of reduction of the public debt.
" It is a responsihave led in the protest against it.
bility," wrote Secretary Fairchild, earnestly, in his
Treasury report of 1887, "which ought not to be put
upon any officer of the Government."
If
the evil of the present practice
The
spectacle of the present
day,
with a surplus
revenue of $79,500,000 in the fiscal year 1900, of $75,800,000 for 1901 and of $18,000,000 even for the three
completed months of the ourrent fiscal year, would
emphasize the conclusion not only that something is
radically wrong in subjecting our money market to
such a disturbing influence, but that something is
wrong with our whole system of revenue calcula-
apparent, the
We
have discussed this matter on
and have seen in the
occasion
meantime no reason to change our ground. There
plain reason why England's revenue
is a perfectly
and expenditures in a year of peace run close together while the very same year in the United
States will produce such amazing fluctuations as we
have reviewed. The English Government arranges
beforehand for its annual income and expenditure, as
The
the directors of a well-managed corporation do.
Exchequer figures out the year's anticipated outlay,
and proposes specific increase or decrease in one tax
or another, sufficient in its judgment to reach a fairly
equal balance. The whole point of the annual budget
discussion during the April session of Parliament is
This
this equalizing of the public balance sheet.
complete fiscal proposition, submitted by the Government, is judiciously reviewed by a committee of the
Commons with the same end in view. In short, the
whole procedure is a business matter.
To this course of action the plan pursued in Congress bears slight resemblance.
Appropriations for
outlay of public funds, instead of being maturely dis-
remedy
is
simple.
during several years
Such an observer of the situation, however, would
receive some enlightenment in studying the similar
outcome of United States Treasury fioancea. In times
of profound peace he would find a year's results to
have varied between $146,000,000 surplus in 1882 and
$69,000,000 deficit in 1894. He would find the Treasury in one year draining the money market of its
supplies of currency, and locking them away from the
anxious bids of a disturbed banking industry. A few
changes in the laws, and he would next see on the
fiscal panorama the Government appealing desperately to the money market to take its bonds and avert
the evils of an empty Treasury and a deranged currency. In either case, the Treasury, which ought to
be an element in the situation whose transactions
could be simply and safely measured, stood forth as an
unsettling influence whose effects could not be pre- cussed and
dicted beforehand within tens of millions of dollars.
is
by Congress, are, as a rule, prepared by half a dozen separate committees and rushed
through Congress hurriedly on the last day of the
session.
Except where such bills involve a new question of public policy
such as a shipping subsidy or a
canal construction grant only the slightest attention
is paid by Congress as a whole to the propositions.
It very often happens that one committee is formulating its demands on the public purse for one department, while others are working in complete
criticized
—
—
ignorance of their fellow committee's plans. FreAfter the serious strain upon the money markets quently as, indeed, happened only last spring
from this now familiar cause during the past two an appropriation bill involving extremely large exmonths, we do not see how the new Congress can penditures during the current year, and which had
afford wholly to overlook the question.
Sooner or necessarily been reckoned as a possible source of
later it must be taken up with the intelligent atten- outlay when the revenue was planned, fails of its
tion which it deserves.
No doubt reform of the sys- passage in the closing hours of Congress. It may be,
tem \>f Government deposits with the banks will do and usually is, too late to alter the Federal tax laws
tions.
—
THE CHRONICLE.
874
[Vol. LXXIII.
correspondingly; jet the appropriation measure whose
enactment thus hangs In the balance until the 2d
or 3d of March will often have involved some fifty or
derived from business to and from the Pacific Coast.
The loss from the crop failure was of course not con-
sixty million dollars.
As the farmers received
fined to the direct falling off
less
in
the grain tonnage.
money
for
their
crops
absurd and unbusinesslike their purchases were reduced, and there was a falling
A private financial enter- off in receipts from west-bound merchandise, &c, on
as can well be imagined.
how much, President
prise managed in any such way would be bankrupt in the eastern section of the line
us
Hill
measured.
But the imseemed
to
says,
accurately
cannot
be
often
a twelvemonth. In fact, it has
the wonder is, not that the annual surpluses or defi- provement at the western end of the line operated to
In illuscits of our Treasury are so huge, but that they are not offset most of the loss at the eastern end.
statement,
it
is
pointed
out
said,
is
as
tration
truth
this
of
the
of
The remedy, as we have
vastly larger.
Instead of being the last subject that while the revenue ton mileage of that portion of
plain as the abuse.
The whole
process
is
as
—
consideration and decision of Congress,
bills ought to be very near the first. Instead
to gain the
the
fiscal
of being scattered in the hands of
the system east of Minot, N. D.,
fell off
142,233,003
tons, that of the system west of Minot increased 119,The rate per ton per mile on the whole
half a dozen com- 191,316 tons.
mittees in each house, they ought to be closely canvassed and examined, before their submission to a
system again decreased, the general average dropping
to 871 mills, against 8-99 mills in the previous year,
general vote, by one strong and vigilant committee.
Beyond all, the extraordinary plan of fixing the revenue first for a year ahead, and then voting out ex-
and
penditure without the slightest regard to prospective
income, ought to be brought to an end. In this lastnamed practice, we believe the United States stands
alone
among enlightened
nations.
THE GREAT NOR1HERN REPORT.
In the results of operations for the
fiscal
year end-
ing June 30 1901, as disclosed in the annual report
just issued, we have the best evidence yet furnished
of the strength of the Great Northern Railway prop-
and the growing diversity of its traffic. The
twelve months covered by this report included the
erty
spring-wheat crop failure of 1900 in the Northwest,
which to the Grent Northern, like the Northern
Other
Pacific, meant a great loss in grain tonnage.
also
suffered
country
of
the
roads in that part
more or less from the same cause, but not to anywhere
near the same extent. The Great Northern and the
Northern Pacific were affected beyond
others by
it is
worth noting that apart from the
effects of
the crop shrinkage, this decline in the average rate
realized represented a loss in revenue of $695,000.
In net earnings the decrease is more marked, there
having been, roughly, an augmentation of a million
dollars in expenses.
Outlays on maintenance account
were larger, cost of conducting transportation increased by reason of the higher price of labor and
materials, and there was also an increase in the length
of road
operated,
which averaged 5,202
miles for
1900 01, against 5,076 miles for 1899-1900. As a consequence of the augmented expenses, combined with
the $560,100 decrease in gross earnings, net earnings
fell off a trifle over 1| million dollars, the total of the
net being $11,537,626, against $13,042,413. Owing
to this reduction in net income, the company did not
repeat the large special appropriation of income for
improvements which was the feature of the returns
But the outlays of that
for the previous two years.
included
in expenses were on
description directly
nearly the same liberal scale as in the previous year.
The report tells us that the amount included in main-
tenance of road and structures for extraordinary
improvements, &c, was $1,236,204; the corresponding
We have on pre- item in 1899-1900 wasjl, 86 1,873. That these outlays
directly in the stricken territory.
vious occasions indicated how great was the contrac- do not represent mere ordinary renewals will be evition in yield occasioned by this crop failure, and dent when we say that the $1,236,204 for 1900-1901
therefore will not attempt to go over the same ground embraces the cost of 66 miles of additional side
again here. Its bearing upon the affairs of the Great tracks.
Northern Railway is indicated by a statement in the
Notwithstanding these large outlays for the purroad
had
hauled
during
the poses named, the income account for the twelve
report saying that the
year 31,863,372 bushels less of wheat and flax than in months shows a surplus balance over and above the
the year preceding. A very simple calculation will amount required for the seven per cent dividends
show that this represents a loss of over 900,000 tons of upon Great Northern stock of $1,689,064. This comfreight.
pares with a similar surplus of $2,217,765 for the
Of course with such a great shrinkage in the grain previous year after the special appropriation of $1,tonnage, income results were not as good as in the year 800,000 above referred to.
The entire balance of
preceding, and yet in aggregate gross earnings $1,689,064 has been transferred to the Fund for Perthis great shrinkage is reflected in only a compara- manent Improvements and Renewals, and there has
For the whole system the decrease been charged against that fund $1,898,878, the cost
tively small way.
in gross earnings is no more than $560,100, the total of improvements (other than those charged to operaof the gross for 1900-01 being $28,350,689, against tion) made during the year to the property leased from
$28,910,789 for 1899-1900. In the freight earnings the St. Paul Minneapolis & Manitoba Railway Comthe decrease was $909,366. As the falling off in the pany. It is proper to state that the surplus balance
revenue from the wheat and flax tonnage was almost would really be larger than $1,689,064 if the entire
income of the various properties counted in the exthree million dollars in exact figures $2,897,747
the decrease of only $909,366 in aggregate gross earn- hibit. As has been many times pointed out by us,
ings is hence evidence of an wcrease in other items of the income account from which the balance given is
The iron ore traffic arrived at is not the income account of the comtraffic in the sum of $1,988,381.
on the Eastern of Minnesota yielded $136,652 more bined companies, but only the account of the Great
than in the year preceding, but the report states that Northern by itself. It covers the operation of the
the larger part of the $1,988,381 added revenue was Manitoba leased lines and of the Seattle & Montana,
all
reason of the fact that they have a very large mileage
—
October
26, 1901.
THE CHRONICLE.
but not the operations of the proprietary roads or
other companies controlled by the Great Northern.
In these last instances the aocount embraces merely
the amounts received by the Great Northern on its
If the comholdings of stock in those companies.
panies referred to distributed in each case the whole
of the year's income, the final result would be the
same as if the operations of those companies were
Aa a matter of
actually embraced in the accounts.
fact, however, such income has not been divided in
full.
We figure that these auxiliary companies had
in
875
any considerable volume.
Growing prosperity
is
along the lines of the system,
is not a
As one source of the steady expansion in
feature.
business, reference may be made to the great influx of
new settlers. The report says that never before in the
history of the company has there been such a movement of settlers as during the year under review. The
being experienced
all
even in those sections where the wheat crop
pointed out, has not been confined to
but has been general. The
any particular
observed,
larger part of the immigration, it is
comes from the Middle West, and is of a character
settlement,
it is
locality,
income for the twelve months of $4,705,218,
that $3,091,628 was paid out to the Great North, which will rapidly develop the sections favored by
em in the shape of dividends, and that $1,363,- it.
leaving a
Mr. Hill makes quite extensive reference to the
charges,
fixed
800 was required for
dis
joint acquisition by the Great Northern and the
further sum of $249,790 which was not
Northern Pacific of the Chicago Burlington & Quincy
tributed.
As might be expected, he is very positive
system.
Northern
The situation, then, is that the Great
On
in a year of a severe crop shortage earned (1) a bal- as to the advantages to accrue from the venture.
ance of $1,689,064 above the requirement for 7 per that point we cannot do better than quote his remarks
cent dividends; that this was (2) after charging as follows: "The territory served by the Burlington
$1,236,205 to expenses for extraordinary improvements, produces most of the machinery and implements used
and that (3) in addition there was $249,790 of in- on the farms, in the forests, mines and mills of the
come not represented in the accounts. Another fact tier of States reached by the Great Northern and
It also produces a large part of
should not be overlooked. While the dividends are Northern Pacific.
steel
received
iron
and
products
exported to Asia via the
shareholders
the
the
actually
taken at 7 per cent,
Chicago, Kansas City, St. Joseph and
Pacific Ocean.
74- per cent, an extra one-half of one per cent having
been paid last May. This extra dividend, however, Omaha are the largest provision centers in the councame out of the surplus earnings of the Lake Superior try. At St. Louis it connects with the chief cotton
Company, and therefore does not appear in the carrying lines of the South and Southwest. On the
statement in the reports. The Lake Superior Com- other hand, the Burlington territory takes for fattenpany, it will be recalled, was organized in the pre- ing the live stock raised on the Northern and WestIt consumes lumber in all
vious fiscal year to take over all the Great North- ern farms and ranches.
The timber of Michigan,
ern's interest in the Great Northern Express Com- shapes on a large scale.
pany, the Great Northern Elevator Company, the Wisconsin and Minnesota will soon be gone. The
Sand Coulee Coal Company, and other outside con- forests of the State of Washington must hereafter,
to an increasing extent, supply the demand for
cerns.
Since the close of the fiscal year the stock of the lumber in the prairie States of the Middle West.
Great Northern Company has been increased $25,- Those forests"are now the most extensive and most
000,000, raising the total authorized amount to $125,- available body of sawing timber standing in the
The additional $25,000,000 was sold to United^States. The Great Northern penetrates them
000,000.
shareholders at par, but at the same time they were in many places and should be in a position to reach a
allowed a credit of 20 per cent upon their subscrip- market and secure the haul of the vast tonnage they
The size and value of this
tions, to represent advances made under the Manitoba are capable of affording.
The cash realized was traffic will constantly increase."
lease and now to be repaid.
hence twenty million dollars. The properties to be
acquired with this money were set out in the company's application last July to the New York Stock
ST. LOUIS & SAN FRANCISCO.
Exchange to list the new stock, and in the present report Mr. Hill describes the various properties quite at
The St. Louis & San Francisco has developed into
length.
In brief, about 500 miles of new road will be a very important property. Like the other roads in
obtained in this way, as well as the steamships of the the Southwest, it has been favored with prosWhile the perous conditions during the last two or three years,
Great Northern Steamship Company.
dividend requirement will be increased by reason of under which revenues have expanded in a decidedly
this additional issue of stock, the company's net noteworthy way.
Its experience in this respect has
income the current fiscal year will obviously be been much like that of the Atchison, and conconsiderably improved upon that of
last
year. sidering that it embraces a much smaller mileage
There will be no loss of grain tonnage this than that system, the increase has been fully as
time, but rather a recovery of what was lost in striking.
the late season, the spring- wheat harvest of 1901
The further addition to gross receipts during the
having proved excellent. The results thus far in the late year was $2,190,451 and the further addition to
The increase in the one
new fiscal year foreshadow what the showing for the net earnings $1,037,970.
full twelve months is likely to be.
The company does case was considerably over 25 per cent and in the
not furnish monthly returns of net, but does give out other over 30 per cent. But this tells only part of
statements of gross. For July, August and Septem- the story.
The present improvement follows sucWith the
ber gross has been $1,839,566 better than for the cessive increases for several years past.
same three months in 1900, and it seems likely that late year's addition the total of the gross is
by the end of October the gain will be $2,500,000. brought up for the tirst time to ten million
figures
being
actual
This, too, is before the new crop has begun to move dollars,
the
$10,173,697.
available
THE CHRONICLE.
876
Ab
noteworthy
expansion
which
LVol. LXXIII.
a fact that this train-load
has occurred within a brief period of time, it is only
necessary to state that four years before (that is, in
1896-97) the amount of the gross was oaly $5,993,336.
being steadily enlarged.
Thus for 1900-01 the average load was 188
tons, against 155 tons in the year preceding, 130 and
128 tons in 1898-99 and 1897 08, respectively, and but
The
117 tons in 1896-97.
the
indicating
net earnings for the late year were $4,328,689.
In 1896-97 the amount was only $2,509,708. It is
proper to say that in the interval there has been considerable increase in the extent of road operated, the
average mileage for the late year having been 1,686
Neverthemiles, as against 1,162 miles in 1896-97.
less, if
we take the earnings on
a mileage basis, the
average gross earnings per mile are found to have
been $6,032 in the late year, as against but $5,157 per
mile in the earlier year; and the net earnings $2,666
per mile, against $2,159.
Right here we may note that while earnings per
mile have thus been rising, the capitalization per mile
has been diminishing. The large amount of new
mileage built and acquired has necessarily added to
the aggregate amount outstanding of both stock and
bonds, but the stock per mile in 1900-01 was only
In like
$27,336, as against $38,372 in 1896-97.
manner the bonded indebtedness outstanding is
found to be only $27,273 per mile now, as against
$32,372 per mile in 1896-97. The interest charge
per
mile
down to $1,339, as against $1,716 at
Under this improvement in results
date.
is
the earlier
the surplus applicable to dividends has been stead ily
rising.
For 1896-97 this surplus was only
The two succeeding
$331,067.
of surplus were
years the
respectively $686,446
amounts
and $584,800.
In 1899 00 the surplus on the operations of the twelve
months was $896,361, and for 1900-01 the amount is
$1,629,299. The sum paid out in dividends the late
year was no more than $600,000, leaving a credit balance on the operations for the twelve months in
the large sum of $1,029,299. The $600,000 paid
in dividends represents 4 per cent on the $5,000,000
of first preferred stock and 2£ per cent on the $16,000,000 second preferred stock. The second preferred
stock, like the first preferred, has a preference (each
in its proper order) of 4 per cent, and if the full 4 per
cent were allowed for the company is now paying
dividends of 1 per cent quarterly the call for
dividends on both classes of stock would have
been $840,000, instead of the $600,000 actually
paid.
Even on that basis, however, there would
be a surplus above the dividends in the amount of
—
—
$789,299.
should be noted that this was the result after
very heavy expenditures on maintenance account.
Expenses for 1900-01 show an augmentation of $1,It
152,480, as
On
compared with the twelve months preced-
appears that the greater part of
this augmentation was in the outlays upon maintenance account. Upon Maintenance of Road and Structures and Maintenance of Equipment combined the
expenditures in the late year were $2,274,529, which
compares with only $1,667,573 in the year preceding.
Under the head of Transportation and Traffic the addition to expenses was only $489,954, though 685,000,000 tons of freight one mile were moved in 19001901, against but 521,000,000 in 1899-1900, and 102,000,000 passengers were carried one mile, against only
ing.
analysis
it
it is
is
We
have referred to the heavy
amount spent upon maintenance account. This
shows that the property is being kept not only in full
repair, but that its standard is being raised.
One
other fact deserves to be pointed out. The report
after noting that $1,448,000 consolidated mortgage
4 per cent bonds received during the last five years
for capital expenditures and on account of the payment and cancellation of underlying bonds are still
In the company's treasury, takes occasion to atate
that no consolidated mortgage bonds have been sold
for any purpose whatever since the organization
of the company on July 1 1896.
This remark is
followed by the following interesting statement: "Had
the cost since July 1 1896 to the present time of
all the underlying bonds retired, of the new improvements and addititional equipment, and of the new mileage purchased and constructed (other than that acquired by the issue of divisional bonds and charged to
oapital account) been charged to income account,
this company could still have been able to pay all its
fixed charges and the dividends which were declared
during that period, and would have had a balance at
June 30 1901 to the credit of profit and loss account
of $659,581 43.
The developments
in the company's affairs within a
short time have been very noteworthy.
In the first
place the management have undertaken the refunding
In the second
of its debt on a very extensive scale.
place the voting trust in the company's shares was
dissolved by limitation on July 1 1901 and in the
third place a very large amount of
new road
has come under the control of the St. Louis
Some of the new mileage
& San Francisco.
proper,
forms part of the system
such
as
the mileage constructed under the name of the Arkansas & Oklahoma Railroad and the 207 miles of new
road embraced in the Red River Division. These additions made the total main track mileage on June 30
1901 1,916 miles, though, as already stated, the average
mileage operated for the twelve months was only
In addition, however, two other important
1,686.
properties have been acquired, whose operations
up to the close of the late fiscal year had been kept
These roads are the Fort
separate and distinct.
Worth & Rio Grande and the Kansas City Fort
Income accounts and
Scott & Memphis system.
balance sheets for the late fiscal year are inserted for
both in the report. The Fort Worth & Rio Grande
shows a surplus above charges and expenses for the
year in the amount of $153,269 and the Kansas City
Fort Scott & Memphis shows a surplus above fixed
charges and 8 per cent dividends on the old amount of
preferred stock and 4 per cent on the old amount of
common stock of $454,218. All these properties,
Louis & San Francisco itself, are
St.
like the
where this season's
situated in the Southwest,
corn and cotton crops both fall below the large yield
It seems likely, therefore, that in these
of last season.
items of traffic a falling off must be looked for. On
the other hand, general business continues remarkably good and active, and at the same time
the oil discoveries in Texas ought to prove an
important stimulus in the development of new in-
about 88,000,000.
The increased operating efficiency attained is such
as to attract attention.
As the report well says, the
large amount of branch lines included in the system
makes a very high train-loatf out of the question, yet dustries.
October
IHK CHRONICLE.
26, 1901.]
COTTON CONSUMPTION OF EUROPE
AND THE WORLD.
7
Mr. Ellison's "Annual Review of the Cotton Trade'
was issued in Liverpool on Wednesday of the current
week and the cable brings us all the statistics of interWe give first the takiDgs by
est contained therein.
Gt.
«77
Britain and
t'uiitiiirnL
Total Hupply
Total consumption
Stock Oct.
Our
1
Great Britain
Continent.
Total
189899
lVj'j 00.
871,000
5sn,000
7.^7,000
7,698,000
3,394,000
8,19
17,845,000
',000
7,910,000
8,891,000
8.808,000
858.000
371,000
588,000
k Oct. 1
Deliveries during year
(end of year)
l'.)7,000
I
cable also gives the average weekly consump-
European spinners in actual bales and pounds for the tion (in bales of 500 lbs.)
past season in comparison with the figures for 1899Consumption per Week.
1900 and 1898-99.
Oct. 1 to Sept. 30.
1900-01.
as below.
1900-01.
1899-00.
I
1898-99.
Continent
62,865
88,000
84,115
88,000
67,673
92,000
Total
150,865
152,115
159,673
Great Britain.
For 1900-1901.
4,691,000
7.898,000
3,207,000
Takings by spinners... bales
495'5
487
508
Average weight of bales. lbs
1,629,212,000 2,284,561,000 3,913,773,000
Takings In pounds
4,473,000
3,298,000
7,771,000
Takings by spinners... bales
503
489
4950
Average weight of bales. lbs
1,658,894,000 2,187,467,000 8,816,361,000
Takings In pounds
4,998,00<
3,437,00<
8,435,000
Takings by spinners . bales
497-6
513
487
Average weight of bales .lbs
1,763,263, 00012,434,011,000 4,197,274,000
Takings In pounds
. .
According to the above the takings of spinners in
Great Britain, stated in ordinary bales, have decreased
91,000 bales, but on the Continent the takings have
been 218,000 bales greater than in 1899-00. Hence for
the whole of Europe the total in bales is 127,000 more
than the previous year. Compared with 1898 99 there
The bales given in
is in all cases a material decline.
the above table are, as already stated, of ordinary
weights; the average weights of the various growths
contained in the foregoing for 1900 01, as cabled to us,
are as follows: American, 489 lbs.; Egyptian, 733 lbs.;
East Indian, 400 lbs.; Brazilian, 283 lbs.; Symrna,
400 lbs., and West Indian, etc., 191 lbs. In 1899-1900
the weights were: American, 480 lbs.; Egyptian, 734
lbs.; East Indian, 400 lbs.; Brazilian, 328 lbs.; Symrna,
400 lbs. and West Indian, etc., 194 lbs.
It rarely ever happens that the figures of takiDgs
furnish so good an idea of the season's results as was
the case in the season just closed. They have been
practically the same as the consumption, mill stocks
having been drawn upon to only a very slight extent;
but the relations between different years are quite
clearly presented by bringing together in tabular form
not only the takings, but consumption and stocks, all
reduced to bales of uniform size. This we have done
in the subjoined compilation, which covers the items
referred to, expressed in bales of 500 lbs., thus enabling
the reader to see quickly the changes in each item for
the last three years, both for Great Britain and the
Continent.
each.
1900-01.
1899-00.
47,000
3,258,000
63,000
3,318,000
1898-99.
Great Britain—
Stock Oct.
1
consump-
and it also exhibits a
decrease compared with 1898-99 and 1897-98; but
compared with earlier years an appreciable gain is
indicated.
For 1898-1899.
lbs.
indicates that the rate of
tion has fallen off the past season
For 1899-1900.
Bales of 500
The foregoing
(beginning of year)
50,000
3,526,000
and consumption given above
relate of course only to Great Britain and the ConThe corresponding statistics for the United
tinent.
States, India and other countries must be added in
The
figures of takings
order to reach a clear idea of the world's consumption.
For the United States the results were fully set forth
Annual Crop Report issued in September, and
they indicated a moderate decrease in consumption
in our
during the season of 1900-01. For India the statistics
at hand denote that the cotton manufacturing indusdustry showed improved results for the season, although consumption failed to reach the high total rec-
orded in 1898 9. For Japan, etc., we have as yet no later
information than that upon which the estimate given
in our crop report was based.
Bringing together the
results for Europe, India and the United States, and
adding the total for Japan, Canada, etc., we practically cover the world
at least that part of it from
which any reliable data are obtainable. Below we give
these returns combined for ten consecutive years, all
bales being reduced to the uniform weight of 500 lbs.
—
World'*
Great
Consumption.
1891-92.
Britain.
3,181.000
1892-98
2,866,000
1893-94.
3,233,000
United
States.
3.640,000
2,576,000
914,000
3,692,000
3,848,000
2,551,000
2,264,000
918,000
959.000
2,743,000
2,572,000
1,074,000
1,004,000
1894-95
8,250.000
4,080,000
1895-96.
3.278,000
4,160,000
1896-97.
8,224,000
4,368,000
1897-98
1898-99
3,432,000
4,628,000
8,519,000
4,784,000
2,738,000
2,962,000
3,553,000
.3,334,000
4,576,000
4,676.000
8,856,000
3.727.C00
1899-00...
1900-01.
3,268.000
AU
Continent.
India.
1,105,000
1,141,000
1,314,000
1.140,000
1,254.000
Others.
160,000
230,000
250,000
300.000
119,000
546,000
726,000
345,000
867,000
778.000
Total.
10.471,000
10,247.000
10,554.000
11,397,000
11.632,000
11,880.000
12,889.000
14.015,000
13,773.000
18.593.00*
The foregoing compilation shows that in consequence of the various unfavorable influences at work
during the season the world's consumption in 1900-01
decreased 180,000 bales of 500 lbs. each from the total
of 1899-00 and records a loss of 422,000 bales from
1898-99.
At the same time,
be observed that
the aggregate for 1897-98 is exceeded by fully 700,000
bales, and that compared with 1896-97 the increase is
nearly a million
Our
it
will
and three-quarters
bales.
Mr. Ellison estimates
3,391,000
8,582,000
3,519,000 that Europe and
3,334,000
the United States (including
amounts
shipped from this country to Japan, Can113.000
36.000
47,000
ada, etc ,) will in 1901 02 require for consumption 12,Cohthirnt
Stock Oct. 1 (beginning of year)
324,000
441,000 411,000 bales of 4935 lbs. average weight, making
525,000
Deliveries during year.
4,569,000 4,375,000
4,868,000 12,250,000 bales of 500 lbs. each, against 11,968,000
Total supply for year
4,893,000 4,900,000
5,309,000 bales of 490*1 lbs. average weight, equaling 11,731,Consumption during year.. 4,576,000 4,576,000
4,784,000 000 bales of 500 lbs. each in 1900-01.
In Mr. Ellison's estimates the American crop is placed at 10,661,Stock Oct. 1 (end of year).
317,000
324,000
525,000
0C0 bales, 750,000 bales are required from India, 850,The totals for the whole of Europe for the three 000 bales from Egypt and 150,000 bales from other
years are as follows (in bales of 500 lbs.).
sources of supply.
He is of the opinion that conTotal supply for year
3,305.000
Total consumption for year. 3,269,000
—
I
cable
also
states
that
TBE CHRONICLE.
878
sumption in Europe will be 255,000 bales greater
than in the season just closed, and his total for the
United States, Canada, etc., he increases by 264,000
The estimate of requirements and consumpbales.
[Vol. LXXIII.
Banks -New
Shares.
York.
Price.
85Clty Bank, National
6l3-65l>3
32 Commerce, Nat. Hank of
371-373
20 Leather Manufact'r*' Nat. Kk. 200
1,687 Mechanlos' National Bank..
280
33 Merchant*' Kxoh. Nat. Bank. 130
2H2
10 People's Bank
25 Product* Exchange Bank
101 ia-162 ?
15 Shoe* Leather Bank. Nat.... 110
10 Union Square Bank
295
1
tion in detail
is
as follows.
Estimated.
1901-02.
Actual.
Actual.
1!)()0-01.
189900.
Bales.
Bales.
Hales.
10,286,000
850,000
693,000
139,000
10,990,000
315,000
831,000
316,000
American...
East ml Kin.
Egyptian
Sundries
10,661,000
750,000
850,000
150,000
I
50 Western National Bank
Trust Companies— Brooklyn.
10 Long Island Loan <fe Trust Co.
6 Nassau Trust Co
10 Williamsburg Trust Co
Total ordinary bales
United States, Canada, &c.
8,100,000
4,150,000
12.250,000
Total.
12,155,000
12,411,000 11,968,000
493-5
4901
12,250,000 11,731,000
4893
12,188,000
7,910,000
4,278,000
7,845,000
3,886,000
U.731.000
I
1?,18«000
615^
June 1901— 612
276
211
Apr.
215>«
JulF 1901—
1899- 250
May 1901— 210^
206
— With the declaration of its semi-annual di vidend of 4 per
Nov. 1, the American Exchange National Bank
has increased its annual rate to 8 per cent, as
against 7 per cent paid since 1879.
cent, payable
New York
of
Average weight
Bales, 500 lbs
Consumption— 500-lu. balesEurope
Last previous sale.
Aug. 1901— 670
Oct. 1901— 376
June 1901- 260
Aug. 1901— 270i«
July 1901- 147
Apr. 1901— 276
Oct. 1H01— 153
Aug. 1901- 110
May 1H99— 325
— In
issning
its
statement
of the condition of the bank,
as reported to the Comptroller of the
Currency September
Bank has made
its
unique and artistically prepared form.
It
the Western National
is
30,
a
printed on
exhibit
in
fine paper, bound in vellum, beautifully illustrated, and it is
In commenting upon this approximation, Mr. Elli- really a typographical gem. It briefly sets forth the policy
son states that the estimated requirements of Amer- of the management of the institution, which, as is well
known, has been conservative and liberal, and assurances
ican cotton are based upon current prices being mainare given that the bank has facilities for the prompt and
tained during the winter and spring. But with a proper
transaction of the business entrusted to it and that
bumper crop and declining prices he looks for a the affairs of the bank are carefully supervised by its officers
greater consumption than provided for above, and that to the end that customers may meet with courtesy and consideration. These factors have contributed to the success of
about 1 1,000,000 bales will be needed from America.
the bank. The capital is $2,100,000, surplus and undivided
It should be remembered in this connection that
profits are $2,378,244 40, and the deposits on the above date
Mr. Ellison makes no estimates of the yield in the
were §57,292,896 97. The bank has correspondents at every
various countries, confining himself to pointing out important commercial centre in the world and its foreign
simply the extent to which in his belief each source department is thoroughly equipped for handling banking
be called upon to contribute to the business with other countries. Tne officers are Valentine P.
Stated plainly, Snyder, President; J. W. Alexander, Marcellus Hartley and
season's consumptive requirements.
L. Moyer, Vice-Presidents; Henry A. Smith, Cashier, and
he is of the opinion that 12,411,000 bales of ordinary W.
of supply will
be necessary in order to avoid a depletion
Therefore should
of visible supply and mill stocks.
the American crop turn out greater than the figure
weight
Charles L. Robinson, Assistant Cashier.
will
—The stockholders of the National Commercial Bank, formerly known as the Djmestic Exchange Bank, under which
name it was organized about three years ago, will meet on
stated above, and the excess not be offset by lighter November 15 to vote upon a proposition for the voluntary
receipts from other countries or an increase in con- liquidation of the institution preparatory to consolidation
sumption, stocks would be augmented. On the other with the Broadway National Bank. The action by the stockhand, smaller yields than indicated in the estimate holders will be merely formal, the liquidation and consolidaby a
would serve to decrease stocks unless consumption tion propositions having already been decided upon
controlling
sufficient majority. Charles W. Morse obtained a
should prove to be less than Mr. Ellison's approxiinterest in the bank a few months ago, after which its name
mation.
was changed from the Domestic Exchange to the National
Mr. Ellison's estimate of the number of spindles in Commercial, and the independent collection business of the
Europe, America and India during 1901 has also been bank, for which it was organized, was abandoned. The Nareceived, and we give it below, adding for purposes of tional Broadway Bank, with which the National Commercial
is to be consolidated, is also controlled by Charle3 W. Morse.
comparison the figures for previous years.
The following have been elected Vice-Presidents of the
Seventh National Bank, which will resume business, as re1901.
1900.
1899.
Spindles.
1898.
organized, on or about November 1: Edwin Gould, E. R.
46,100,000 45,400,000 45.400,000 44,900,000
33,350,000 33,000,000 32,500,000 31,350.000 Thomas and R, W. Jones. The latter will be the active ViceContinent
—
United States
Total
2 1), 8 70. 000
5,100,000
18,590,000 17.938.000
4,800,000 4,200,000
17,570,000
4,100,000
105,420,000 101,790.000 100038,000
97.920,000
This shows an increase in the spinning power of the
world of 3,630,000 spindles, in which excess all the
countries share.
President.
—
The Germania Bank has declared a 10 per cent semiannual dividend, the largest ever declared by this bank.
This will make the dividends for the year 18 per cent. The
dividend year covers the period during which Loftin Love,
formerly Cashier of the Corn Exchange Bank, has been
Cashier.
—In a recent edition of the Augusta "Chronicle"' appears a
cut of the new building now being erected by the Georgia
The auction sales of bank stocks this week aggregate Railroad Bank of Augusta, Ga., one of the most progressive
The material to be used
1,917 shares. This large total is due mainly to the sale, to financial institutions of the South.
of
shares
stock
(par
of
value
estate,
1,687
construction
of
the
$25
each)
in
the
exterior
of
the edifice, which is to
close an
Bank.
The
price
National
paid
for
stories
high,
this lot be two
will be Georgia granite and Indiana
of the Mechanics'
_280— represents an advance of 10 points since the last pre- limestone. Large arch windows are to be of cathedral glass,
vious sale in August. Stock of the Union Square Bank, of with bronze frames. The banking room, which will have
which there has not been a publio sale made in over two neither columns nor posts, is to be finished in mahogany
years, was sold this week at 295, comparing with 225 in May wood-work, the counters to be of imported marble and the
Ornamental plastering and painted
1899. Transactions in trust company stocks reach a total of screens to be of bronze.
"
"
In
the
companies.
curb
Brooklyn
of
market decorations will also lend to the artistic appearance of the
26 shares, all
there has been a good demand for stock of the National Bank interior. Not only has the comfort of the officials been conof Commerce and the price has advanced from 369 to 385. sidered, but that of the patrons of the institution is also to be
Other sales of bank stocks were Bank of the State of New provided for in separate writing and waiting rooms. A safe
York 240, National City Bank 645-650 and First National deposit vault, to weigh 24 tons, and a book vault, both of
Bank 740.
fire-proof material, will be included in the improvements.
ITEMS ABOUT BANKS. BANKERS AND TRUST CO'8.
—
:
October
THE CHRONICLE.
26, 1901.]
370
John
the bank are: President, Mr. Jacob Phinizy;
Vice- President, H. H. Hickman, and Cashier, Chas. G. Good-
President; Charles B. Jopp, Secretary, and
rich.
Mr. Frank A. Gibson, who for the past eight years had
been Cashier of the First National Bank of Los Angeles, Cal.,
died suddenly on Oct. 13 of typhoid fever.
His loss
sincerely and widely mourned.
The
officials of
—
—In the statement of the condition of the Cincinnati Trust
Company of Cincinnati, under date of Oct. 5 1901, a very
showing of progress is revealed. The institution began business last December, only a little over nine months
ago. Deposits on January 1 were but $52,318 78, but by
April 1 had reached almost half a million dollars, being $493,110 29.
By July 1 the figures had risen to f 937,177 69, and
striking
now
E. Gilceast,
Treasurer.
for October 5 the total
is
$1,313,297 56.
The number
of
open accounts has increased since January 1 from 143 to
The President is Mr. Guy W. Mallon and the Secre4,013.
tary and Treasurer Mr. N. S. Keith.
—Two
of Leavenworth's (Kan.) banks, the Manufacturers'
National and the Union Savings Bank, have been consolidated,
the latter having been absorbed by the Manufacturers'. The
Union was organized in 1888 and had a capital of $30,000.
The Manufacturers' National was chartered three years ago
Its officials are: Mr. E. W.
and capitalized at $100,000.
Vice-President, and Charles
Snyder,
Snyder, President; C. W.
E. Snyder, Assistant Cashier. It is announced that Mr. E.
A. Kelly, President of the merged bank, will probably be
made Vice-President of the consolidated institution.
—A project
reported to be on foot for the consolidation
of the Fidelity Trust & Safety Vault Company 'and the
The
Louisville Trust Company, both of Louisville, Ky.
capital stock suggested for the new institution is $2,UOO,000,
but nothing definite has as yet been determined. At a conference of directors of the Louisville Trust Co. last week
considerable opposition to the plan was manifested. It is
rumored that 165 has been offered for Louisville Trust Comis
pany stock.
—Two of the national banks of Boston, namely the National
of Redemption and the Shoe & Leather National
Bank, are about to consolidate under the name of the firstmentioned bank, with a capital and surplus of $2,500,000.
Stockholders of the Shoe & Leather, who have been offered
Bank
new
stock or $150 per share in cash for their holdings, will
vote on the question on Dec. 10. According to present plans,
James B. Case, President of the Bank of Redemption, will
retire from that office, remaining, however, as a director,
and the President of the Shoe & Leather, John E. Toulmin,
new
will be the head of the
institution.
Cashier
Edward A.
Presbrey of the Bank of Redemption will be Vice-President
after the consolidation, and George G. McCausland, now
Leather, will fill the same office in
Cashier of the Shoe
&
new
—A financial institution has been
organized in Oklahoma
under the name of the American Trust ft Savings Company, in which, it is stated, financiers of Chicago
and Oklahoma |City are jointly interested. The new company, it is reported, will have a capital of $250,000, and it is
intimated that the officials will include United States Senator W. E. Maeon as Vice-President, F. J. Short as Cashier,
and Senator Mason's former Secretary, Perry S. Newcomb
as Manager of the trust department.
City. Okla.,
—Judging from the prominent speakers whose names appear on the programme for the eleventh annual convention
Bankers' Association, to be held at Qaincy
on Tuesday and Wednesday next, the occasion will prove
a more than ordinarily interesting one. Ex- Comptroller of
the Currency Hon. Charles G. Dawes; Mr. Alvah Trowof the Illinois
American Bankers' Association;
Vanderlip,
Vice-President
of the National City
Frank A.
Bank of New York, and Edwin Goodall, Treasurer of the
Bankers' Money Order Association of New York are among
those who have consented to speak on this occasion. The
officers of the association are: President, Mr. Phil. Mitchell,
bridge, ex- President of the
&
Lynde, Rock Island; Vice-President,
Homer W. McCoy, Vice-President Commercial National
Bank, Peoria; Treasurer, A. B. Hoblit. Cashier State National Bank, Bloomington, and Secretary, Frank P. Judson,
Assistant Cashier Bankers' National Bank, Chicago.
Golf devotees have also been provided for. Delegates have
been asked to bring their golf sticks, as a visit is to be made
on the afternoon of the first day to the Country Club, where
several hours will be given over to the game on the links.
of Messrs. Mitchell
—
The Topeka "Capital" is authority for the statement that
Attorney General A. A. Godard (President of the State Savings Bank of Topeka), A. D. Walker and William Fisher are
seeking to acquire the Citizens' State Bank of Colorado City,
Col., with a view of converting it into a National bank, with
a capital of $100,000. At present the institution has a capital
of but $30,000.
—
Mr. George R. De Saussure has been appointed temporary receiver of the Eufaula National Bank of Eufaula, Ala.,
which suspended on Monday last. The bank had a capital
of $100,000 and was organized in 1875.
—Two new bank examiners
bank. The capital stock of each of the banks is $1,000,000, and the report of Sept. 30 credits the Bank of Redemption with a turplus, including profits, of $550,000 and
On the same date the Shoe &
deposits of $9,806,570.
Leather Bank had $611,314 of surplus and profits and $11,-
have been appointed for the
place of Mr. C. S. Jobes, who resigned
recently to accept the presidency of the American National
Bank of Kansas City. The appointees are Elmer E. Ames,
383,806 deposits.
and James T. Bradley, Cashier of the First National Bank,
Sedan, Kan.
—Mr. E. F. Hartshorn is Acting Cashier of the North Ward
National Bank of Newark, N. J., Mr. C. M. Sexton having
the
—The Comptroller has approved the application
Bank of Commerce of Norfolk, Va., for conversion
of the
to the
National system. It is announced in an official advertisement
of the bank that the increase in the capital, mention of which
was made in these columns two weeks ago, will be to an
amount not exceeding $500,000. Subscriptions are now being
received for this
—Much
new
stock.
important business was transacted at the annual
meeting last week of the stockholders of the Germantown
Real Estate, Deposit & Trust Company of Philadelphia,
Chief among this was the authorization of an increase in the
capital
from $300,000
to $600,000.
A
resolution
was
also
adopted to amend the charter and change the title of the institution to the Germantown Trust Company. The old board
of directors was re-elected for the ensuing year— one exception only being noted. This is the election of Mr. Francis
Yarnall, the Secretary and Treasurer, in place of Mr. C.
Murphy.
—
The stockholders of the Mercantile Trust Company of
Boston will meet on Wednesday to ratify the action of the
directors, who have voted to increase the capital from $250,
New
State of
Kansas
in
Vice-President of the First National
Bank
of Norton, Kan.,
resigned as Cashier.
—Mr. H. M. Batchelder has
been elected President of the
Merchants' National Bank of Salem, Mass., succeeding Mr.
E. A. Emmerton, deceased. Mr. Batchelder had formerly
been Cashier of the bank.
—Three new directors have been added to the board of the
Prudential Trust Company of Cleveland. They are: Mr. E.
W. Palmer, Secretary and Treasurer of the Cleveland Window Glass Company and member of the Executive Committee of the Cleveland Chamber of Commerce; George T.
Bishop, President of the Northern Texas Traction Company,
and R. E. Burdick, President of the Bowler & Burdick Company. By these additions the entire directorate is completed,
those previously named being Mr. Samuel S. Haserot, the
President; James B. Hoge, S. W. Croxton and Charles E.
Adams, Vice-Presidents; I. N. Topliff, W. F. Carr, B. Mahler,
Ralph Gray, F. W. Wardwell, A. L. Moore, L. B. Miller and
F. H. Haserot.
—The
shares (par value $100) to the amount
000 to $500,000.
of 2,500 are to be issued at $150 per share. The $125,000
premium realized is to be added to surplus. The increase
returns of the national banks to the Comptroller of
the Currency under the latest call (that of September 30)
show in nearly every locality very material expansion in busi-
will go into effect on January 1. The officials of the institution are Mr. J. Q. Bennett, President; A. W. Preston, Vice-
ness as
compared with two months ago, July
true of the institutions in the
West
15.
This
is
as well as those in the
THE CHRONICLE.
880
East. We shall refer to-day only to the case of the First
National Bank of Minneapolis, Minn. This bank, organized
in 1864, absorbed last January, it will doubtless be recalled,
the Nicollet National of Minneapolis. No.change was made
at the time in the capital, which remained at $1,000,000. The
business of the First National had been steadily increasing
before that event, and the progress since then has been still
more marked, as will appear by the following:
Surplus
1st National,
Bank
,
Minneapolis.
Sept 30, 1901
July 15, 1901
Apr. 24, 1901
Feb.
5. 1901
Deo. 13, 1900
Sept 5, 1900
June 29, 1900
Feb. 13. 1900
Deo. 2, 1899
Sept. 7, 1899
June 30, 1899
Apr. 5, 1899
Feb. 4, 1899
Sept 20, 1898
July 14, 1898
May 6, 1898
Thus
it
Capital.
$
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
<t
Profit*.
$
257,749
209,558
191,073
167,557
183,254
150,178
150,488
115,955
136,225
115,485
91,167
74,395
81,088
77,820
61,339
59,839
Aggregate
Groat
^-Priee.-s
Rexource*. Bid. Atk.
Deposit*.
$
9
8,401,725 10,442,175
9,283,657
7,285,599
8,320,090
6,457,016
7,964,374
6,124,817
6,877,710
5,058,956
7,190,896
5,398,167
7,032,817
6,241,578
6,224,583
4,538,636
6,268,939
4,876,114
7.013,239
5,666,304
6,603,553
5,269,035
5,205,642
3,955,803
5,632,772
4,384,632
4,830,414
3,695,402
4,845,549
3,725,263
4,608,456
3,483,982
will be seen that deposits are
now
140
130
125
120
110
110
110
104
98
93
145
135
130
125
115
115
115
110
103
101
100
....
90
....
....
85
82
85
78
....
....
....
$8,401,725, as
against only $7,285,599 on July 15—over one million dollars
increase in the short interval. Taking a longer interval of
time, the total at $8,401,725 contrasts with but $3,483,982 on
May 5 1898. In aggregate resources there is the same noteworthy growth. The amount for Sept. 30 1901 is $10,442,175, whereas the total was only $9,283,657 two months ago
and but $4,608,456 on May 5 1898. To the shareholders the
most satisfactory feature must be the fact that the increased
business is bringing increased profits. One evidence of this
is found in the growth of the item of surplus and profits,
aggregating on Sept. 30 last $257,749; the corresponding
figure May 5 1898 was only $59,839. The officials of the in
stitution are: Mr. John Martin, President; F. M. Prince,
First Vice-President; J. F. R. Foss, Second Vice-President;
C. T. Jaffray, Cashier; D. Mackerchar, Assistant Cashier,
and E. C. Brown, Second Assistant Cashier.
[Vol. LXX1II.
having a capital of less than $50,000. Those who addressed
the delegates on this occasion were:
Hugh Dougherty, President of the Association and of the Studabaker
Bank, Bluffton. Ind.
W. T. Fenton, Vice-President and Cashier of the National Bank of
the Republic, Chicago, whose topic was "The Banker."
Peroival Kuhne, of Knauth, Nachod & Kubne, New York, who spoke
on "Advisability of Pensioning Bank Clerks."
Edwin Ooodall, Treasurer Money Order Association of New York.
F. A. Vanderllp, Vice President of the National City Bank of New
York.
C. W. Miller, President of the State Bank of Goshen, Goshen, Tnd.
John G. Williams, Attorney, Indianapolis.
—
The Comptroller of the Currency has authorized Mr.
James B. McDougal, temporary receiver, to turn the assets of
the National Bank of Boyerstown, Boyerstown, Pa., over to
the directors, and has granted the bank permission to again
resume business. The suspension, one week ago, was due to
the disappearance of the Cashier and the abstraction of some
of the securities of the institution. The shortage is not,
however, as large as at
first
believed.
—The Ohio Bankers' Association, whose convention was
held at the same time as that of the Indiana Bankers* Association, approved the bill referred to by ua last week, providing for the creation of a State banking department. This
bill is to be introduced at the coming session of the Legisla-
A
The Convention proved a decided success.
complete
of the speakers, with the subjects of their addresses, was
given in the Chronicle of last Saturday. The officials for
ture.
list
the ensuing year are: President, E. R. Sharp, Cashier of the
State Savings Bank
Trust Company of Columbus; Vice-
&
President,
I.
E. Knisely, President of the Northern National
Bank, Toledo; Secretary (re-elected), S. B. Rankin, Cashier
of the Bank of South Charleston, South Charleston, and
Treasurer (re-elected) H. C. Herbig, Cashier of the Commercial Banking Company, Coshocton.
,
—The Commercial Bank of Albany, Ga., according to the
Albany (Ga.) "Daily Herald," has secured the services of
Hon. S. G. Turner, as Cashier, in the place of Mr. T. M.
Ticknor, who resigns in order to give his time to his large
farming and dairy interests. Mr. Turner has for the past
three years been State Bank Examiner of Georgia.
—The Merchants' National Bank of Lowell, Mass., which
The statement of the Citizens' Bank of Norfolk, Va.,
was the victim of a robbery last week by two of its em- made to the Auditor of Virginia on September 30 last shows a
ployes, has issued a statement to the effect that the securi- steady increase in the business of that institution. The deties stolen have been returned.
The statement, which is posits now aggregate] $1,777,230, and profits have risen to
signed by President Arthur J. Pollard and seven other direc- $243,725. In the thirty-four years since its incorporation in
tors, also announces that the capital of the bank, $400,000, is 1867 the bank has paid its stockholders 451 per cent in diviintact, but that the surplus, including undivided profits of dends. The staff of officials consists of Walter H. Doyle,
$294,600, has been reduced to $179,600— a loss of $115,000. President; J. W. Perry, Vice-President, and Tench F. TilghTnis deficiency, it is said, i3 the amount stolen during the man, Cashier.
last two years.
It is stated that the report of the Bank Examiner to the Comptroller of the Currency shows that $95,The New York Central & Hudson River Railroad
810 in cash, $808,239 of securities and $400,000 of collaterals has issued No. 11 of its 'Four-Track Serie3," which gives an
had been taken, but through the lawyers for the absconding interesting and graphic description of the race of the Australian
—
clerks all of the securities and $92,000 of cash have been returned. It is further stated that no immunity from punish-
ment has been promised, and the matter
of the Federal Grand Jury.
is
now
in the
hands
—
A certificate of organization has been granted to the
Southwestern National Bank of Los Angeles, Cal., with a
capital of $300,000. Mr. John S. Cravens is President and
Loring G. Nesmith, Cashier.
—The resignation of
Samuel J. Watson, Vice-President of
the Paterson National Bank, Paterson, N. J., is responsible
for a general shifting of officers in that institution. Former
Cashier Henry C. Knox is now Vice President, while Mr.
Elmer Z. Halsted is Cashier and D. H. Murray Assistant
Cashier.
—Another
Vice-President has been added to the list of
officers of the Washington National Bank, Seattle, Wash., in
the person of Mr. W. H. H. Green.
—Two new directors have been elected to the board
of the
Provident Savings Bank & Trust Company of Cincinnati to
fill vacancies.
These are Mr. M. J. Sullivan and E. V.
Wilbern.
—
The convention of the Indiana Bankers' Association at
Indianapolis on Wednesday and Thursday this week brought
out some interesting facts. While this was but the fifth
meeting of the association, out of a total of- 492 State and
national banks in Indiana 309 are members, not any of these
mail from Sidney to London, via San Francisco and New
York, by which it reached London four days quicker than it
has heretofore done by way of the Suez Canal. Copiea of this
number may be had by addressing, with a two-cent stamp
enclosed, Mr. Geo. H. Daniels, General Passenger Agent,
Grand Central
Station,
Ijatoujetawg
New
York City.
Wommttttel^uQlisUMztOB
[From oar own correspondent.]
London, Saturday, October
12, 1901.
the beginning of this week there was an exceptionally
depressed feeling in the city and the stock markets were ex-
At
ceedingly weak. This was due, in the first placf, to the
prolongation of the war and the public irritation at the apparent supineneas and incompetence of the Government; but
it was aggravated by the consequencea of the crisia through
which so many Continental countries are now passing. Daring
the past six or eight years French and Belgian investors have
employed immense sums in industrial enterprises in Russia.
One capable writer estimates the amount of French money
so invested at the enormous sum of two milliards of franca,
or 80 milllona sterling; and even oautious economists estimate the sum at over 60 millions sterling. The shares of these
various concerns have fallen from 50 per cent to 89 per cent
on an average about 66 per cent. Allowing for the premiums
OCTOBEU
to
THK CIIKONK !LE.
1901. J
26,
were unduly run in the be^iti
does not teem an overstatement to say that the dfl
which many
1W<>1.
of the shares
ninfi it
v. r\
prteiation on the actual capital investment has rear!.,
nearly 50 per tent. If so, the depreciation for the time
beii g amounts to about 30 or 40 luillious sterling.
No doubt there will be a recovery hut in tbe meanwhile
the purchasing and borrowing power of the holders of these
Uufortutiately, too, large
secuiiiits is greatly Stippled.
nnm! en <'t persons were so confident of realizing fi.r'nues in
these mterpriees that they bought immense quantities ou
borrowed money. The time has now come for rt paying the
loans, and the remit is een in the utter collapse oi' the industrial market in Pari-; while large sales have been made
in London of everything that could be disposed of here to
any advantage. That added very much to the depn
Apparfeelii g that existed at the beginning of the week.
ently the pressure to sell in Paris is rapidly abating, hik!
there is a much more hopeful feeling in Loi di n as the wtek
closes.
In addition to the losses in Russia there have
heavy loeses on industrial enterprises at home; and the to
in Belgium, both fn
Russian and home enterprifes, have
B-«l«inm in fact has
for so small a country been very great.
been plunged in a crisis by which many of the banks are
Oct. IS
lrenlatlon
•ublic deposit!
;
;
i
I
m
greith crippled.
Germa
there have been no fresh failures of any imuut, the slow liquidation goes on.
Indeed, the distiust is as great as ever. Toe banks are dis
criminating just as they did before; and there would b
utter breakdown were it not for the extraordinary judgment
displayed by tbe Governor of the Imperial Rank oi (ier
many. In the last wtek of September the Imperial Bank
inert used its note circulation by rhe immense sum of 10 mil
lions serling to meet the extraordinary demands at the end
of the quarter. Owing to the liberal way iu which the Itn
perial Bank has acted, serious consequences have been averted,
and the ill-judgment of the other banks has been to a considerable extent neutralized. Still it will be a long time
before confidence revives, and therefore many months of
liquidation must 9lapse.
in Rue sia, also, the crisis is as bad as ever, and unfortunately
the crops of the present year are anything but good. Still,
the Russian Government has begun to place orders with
manufacturers, and therefore it is hoped that a recovery will
be effected before long. Apparently the Russian Government has arranged for a very large loan in Paris some time
next year; and it is anticipating this already by placing
orders more freely than it has done for tbe last two years.
The difficulties in Russia arise out of the fact that practically
there is no great customer but the Government itself; and
when, owing to political, military, naval and public works
necessities, the Government is not in a position to buv freely,
the whole manufacturing industry of the Empire suffer?.
At home trade has undoubtedly received a serious check.
According to the Board of Trade returns for September the
value of the imports was £38,208,791, a decrease of £3,024,061,
or 7-3 per cent, and the value of the exports of British and
Irish prcduce and manufactures was £21,971,302, a decrease
of £2 588,509, or 10^ per cent. A good deal of the decrease
in both casts is due to the fall in prices, which itself is
largely the result of the crisis upon the Continent; but there
is also a very marked diminution in quantities.
Money continues abundaiit and easy, owing to the immense
amounts of French capital now being employed in London.
Some of the test authorities in Paris estimate the present
amount of French money temporarily employed in London
at 80 millions sterling, including of course ail investments
during the war in Biitish Government issues, as well as the
moneys employed upon the Stock Exchange and in trade
bills of every kind.
Probably the estimate is exaggerated;
bmt even if 25 per cent is deducted, there will still be 60 millions sterling of French capital employed in London at the
present time, an absolutely unheard-of thing until now. Tne
cause is of courte due to the circumstances pointed out
above— tbe collapse in the industrial department and the
general distrust which that has created. French investors
are utterly unwilling to go into any kind of enterprise at
home. They are equally indisposed to invest in any of the
neighboring and Continental countries which are suffering
economically more or lesp; and consequently London alone
offtrs a free field fcr their investment?.
At the present time
everything seems to point to a continued employment of
French money here; but if anything should occur to lead to
considerable withdrawals, our market would be very seriously disturbed. In Paris itself there ha9 been some slight
recovery in the value of money this week, owing to the demand for banking accommodation by persons who have had to
meet different s on industrial securities; but that demind is
expected to be temporary; and consequently the opinion of
the best-informed is that there will be no diminution in the
amount of French money empiojed here unless rates in Lon
don should fa 1 off more than is generally anticipated. That,
however, is cot at all probable, rememoering that both notes
and gold will flow out to the interior for the next month or six
weeks, and that the usual requirements of Egypt and South
America will have to be supplied.
The India Council continues to sell its drafts fairly well.
It offered for tender on Wednesday 45 lacs and the applications exceeded 624 lacs.
The total amount offered was
allotted at about Is. 3 3l-32d. per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, theprioe of oonsols, &c.
iv
portance this week;
1
•
7.17'
7.4"
H
nhor deposits
i«
oTeruuienl securities
•
IK.1
urines
-'
K6 W
Reserve of Holes and oiilu
depnriui'ls
87.!
oiii A bullion. bulb
J r<ip. reserre lo liabilities. D. o.
I
ittiernei'
*
i
percent.
lank rale
umols, 4*4 perueul
S
V
«
IV Id
HZ
-Id. hum
Ootobai
iea.4o7.o0o
returns
is
mo
u>er
i« 1.7 7* 000
AM)
.out)
I
IS.
&
Mer-sih. Pixley
tO
ir IKll
81
.
•
n
11
I
<
Iciitrl-iir
I
i
t
I
i
In
381
Abell write as follows und.
Oc-
.t
10:
r
Hold— The small
arrival* In tbe open
market have, not sutlioed for
on Austrian acoount, end ine pi
aowadhonored
thousand p
Four
\
bid.
rom
wiii.-u
Bank
lost
£3
1
I
lie
bee
bV'OO.nl
South Afrioa on the 4th Insf.
£ <i 5.000 Is for Egypt. i'»r the week Arrivals: Australia, £14,000;
Houibay, £108,000; New Zealand, :i2.ooo; Btver Plate, ij7,ooO;
(hie, 22.000; West Indies. £<:8,( 00- total, £101 000
Bblpmi
Hombai. £30,000; Caloutru, £lo.O00 toial £>0,0>o. l-'oi m- inu oi
September Arrivals: Holland, £15,000; liH.iom, £50,0 <• France,
Au«'ralia,
£20,000 Cape Town, £289,000 Bast Iu Lee, x 57.00
£UH.<oo. Shipments: Belgium, £ i.OOO; France, £IS,000 Baal Indie*, £211,000 0.:rm4uy, £72u.ooO; I'. S. A.,.fl >o,OuO; Houth America £ 290 000.
Silver Theprioe has s;iven way gradually dm in* tin we»k. owing
toail spot demand having oeased,aud to general weai
the demand,
unci
obit-fly
10 77n.
ii
1
1
'
ill
;
;
;
;
j
;
ei n rates,
in.la in quite out i the market, but the Per Bast i-< a limited buyei fur Novum. er Deo miier di very. We quote to day 20i' 19 d.,
all position* ; Indian rate to day. 07%a For th>- week
Arrivals: New
York, £18S,0C0; Australia, £2,ooO; Chile, £ -,ooo V7estln< i*«. mo,£*2.6.
ooo -total. £229,000. Shipment-: Hong Kong,
7. l'mung,
-nth
tem£8.961; li uiihay, £2i0 Ojo— total. £2ii.O >H. For
Anival*: Germany, £ 1 .,000; He n\\uu,£iti 0(M Kranoe,£27,oO0;
U.S.A. (iu. hiding dollars), £i.(>27,uOU; South America, i^i'i.oOO.
Shipments: France, £01,000; China, £U9,0^0 East Indies, £775,i
i
i
;
m
;
;
000.
Mexican Dollars- A few transac ions have taken place since our
the piioe hasuveu way
Vew York. £ 0.O00— total.
Hong Kong, £13,000— total,
last, l>ut (or no amounts of Importance, and
to 265 16 d. Arrivals: Vera Cruz. £6 .'
;
Shipmente
£93,000.
£39,270.
£25,670
Straits,
:
;
The quotations for bullion are reported as follows:
U(ILI).
•mdon Standard.
Oct.
Oct.
SlLVEB.
Oct,
Ocl.
10.
3
London Standard.
10.
3.
t.
ar gold, flne....oz. 77
J. S. gold ooin...oz. 76
le rui'n gold ooln.oz. 76
French gold ooln.oz. 76
lapanese yen
oz.
d.
d.
8.
11%
Bar sliver, tine... oz.
77 11
6ij 76
Do
2 mo. delivery
Bar silver, oontaln'g
do 5 grs. gold.oz.
6%;
5% do 4 grs. gold.oz.
do 3 grs. gold.oz.
oz.
Cake silver
6
1
5V
76
76
76 b\ 76
6
6
Mexican
d
d.
2iiia 18
2< 2tiii,) 26 78
,
(
2".
273i 9
27
"<
16
'27 1*
261' 19
2^ii 16 28i5 18
dollars.oz.2ti 16 I2b^ 19
2t:
1H
The following shows the imports of cereal produce into the
Jnited Kingdom during the five weeks of the season
jompared with previous seasons
IMPORTS.
1899-00.
5,699.500
1,547,^00
1,977,800
274,200
144,100
5,458,400
2,297.700
1900-01.
1901-02.
.mp'ts of wheat, owt. 6.287.000
Barley
3,548,400
Jats
2,062.700
Peas
lfcO.600
Beans
335,100
indlan oorn
4,584,b00
"lour
1,814,700
8,243,1*00
1,997,700
2,547,100
140,410
216,940
4,925,000
2,107,700
1898-99.1
5.345.2C0
2,644,900
l,507,2t0
200.280
22^,650
5,106,100
1,809,430
Ensile* Financial Markets— Per Cable.
The daily closing quotations for securities, etc, at London
are reported by cable as follows for the week ending Oct. 25.
London.
ifon.
Sal.
W
per ounce
d.
new, 2%
For account
p.ots.
92^
fr'oh rentes(lnParl8)fr.
0042i« 0045
69
Silver,
Consols.,
Spanish 4s
4.naoonda Mining
Uoh. Top. & Santa Fe..
Preferred
Baltimore & Ohio
Preferred
Ohesaoeake & Ohio
Great Western..
(Jhloa.
Ohio. Mil.
Den.
Do
firle,
&
Paul...
Rio Or., com....
do Preferred.
<St
9213 16
•
7%
common
2d preferred
I
91%
UP
71
57
150i«
106
23
141?
Central
t^onlsvUle
& Nashville..
H
o
Y. Cent'lA Hudson..
Y. Oatarlo & West'n
o
ST.
Vorfol*
Do
do
pref.
Northern Paoitlo, pref..
Pennsylvania
PhUa. ARead
Phlla.&Read.,lstpref
'Fhlla.A Read., 2d pref.
'onthern Pacifio
S7 3b
92ia
107vu
M
H
75
U. 8. Steel Corp., oom..
Do
do
pref..
* abash
Do
*
Deb. "
B"
Frioe per snare.
•
t
46%
47
47
I
26%
172'8
45
175%
46
94%
95%
24
*
4i!l«
3
71%
72
57
72
57%
1142%
10ii<
10«%
10b%
106%
22%
23
23
14>s
11%
23%
li%
26»s
27
51%
52%
163%
leoifl
lt2i<
33%
56%
91^
34
57%
"1*
34%
57%
92%
106^
107%
39
26>4
32 7s
26%
61%
3J%
»8»«
101 ^
x9
103%
105%
.0
91
44 14
43%
44%
944|
20»8
37»a
91<>B
95
92%
44%
94%
21%
37%
61
20»9
!
43%
151
39
s
46
95
149^
2«-;»«
;t
26%
173%
56>*
ISO's
39ifl
l
100
108%
96%
113%
203a
59
•
96
113
7%
80%
113%
96
2O0(J
102^1
90i«
•
100%
1(0%
75%
20%
3>%
26%
68%
3 %
^9%
8»
Preferred
105 *4
107%
76%
33«4
•
100
7%
*\
76 *4
•
•
7%
80»a
75 »*
20 ^»
•
outh'n Railway, com.
7i4
50
34
lfl
79 H
25 <
51»fl
a
o
26%
56
ltO^
& Western
2( "is
41>4
70»8
26
n
26*3
929 16
92^
9^16
926,*9^»8
9* 7 ie
100 30 100 35 .0042% 1C0-3J
69%
69
69*e
69>fl
169
45
94
42*8
O
26»*
92H
92%
112 k
46
2378
17014
45i«
Q
Frf.
96
24
•
Tkurt.
99»«
113ie
46ta
•
Wed.
104%
96^
Mexloan Central
Mexican National
Mo. Kan. Ac Tex.,oom..
».
80ie
9^»a
105^4
St.
1st preferred...
Illinois
21 »
26^8
Tucs.
S8
36%
20
37
59
59%
Ex-lights.
60
14%
26%
51%
163
34%
57%
92%
107%
75%
21%
39%
27
62%
33%
s9%
104%
92
44%
94%
21
37%
59%
THE CHRONICLE
8b2
Commercial and ^IsczllzuzonsMzm*
Week.— The following are
week ending for dry goods
Imports and Exports for the
the imports at
New York
for the
Oct. 17 and for the week ending for general merchandise
Oct. 18; also totals since beginning first week January.
FORBIOM IMPORTS.
For week.
1901.
Dry Goods
©en'l mer'dlse
V. S.
De*eription of Bond*.
110,202,797
$8,313,397
$10,425,030
$7,492,071
884,055,166
830,214,760
*75,858,703
269,075,459
Bank
Circulation.
Gen'l mer'dlse
Total 42 weeks $445,271,130 $428,898,015 $414,269,916 $344,934,162
The imports of dry goods
for one
week
later will be
found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
apeoie) from the port of New York to foreign ports for the
week ending Oct. 21, and from January 1 to date.
EXPORTS FROM HBW TORK FOR THE WEEK.
in
For the week..
Prev. reported
1901.
1900.
1899.
1898.
S9.654.939
402,630,726
$10,626,149
426,005,082
$13,716,125
363,438,280
98,612,107
867,446,800
Total 42 weeks $412,285,665 $436,631,231 $377,154,405 $376,058,907
Note.— As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also oomplled by the Custom House, we shall from
ota.,
Sper
ots., funded 1891*.:
2 p. ots., 1900 due 1930.
3658 Diet. Col., 1924...
19
in
Import*.
gold
Week.
SineeJan. 1.
$1,764,851
18.209,788
7,584,567
678,587
48,868
30,515
1,114,500
France
266,006
10,000
West Indies
Mexico
South America
500
All other countries.
Total 1901
Total 1900
Total 1899
$210,500 $29,431,676
149,280 47,419.119
27,056 25,910,579
Since Jan. 1
Week.
$244,196
1,178,858
$27,685
6,721
7,559
1,200
.
1,447,716
402,770
689.273
76,464
43.165 $4,039,307
493,729
109,849
Export*.
2,271,773
13,368,648
Import*.
Silver.
Week.
SineeJan. 1
$587,160 $37,658,891
697,495
2,220
247,467
21.250
24.431
Germany
West Indies
Mexico
South America
470
23,415
All other countries.
Total 1901
Total 1900
Total 1899
Week.
Since Jan.
$
$25,283
4,720
223
225,041
2,227,595
496,398
35,706
35
54,769
150
2,491
$611,045 *3S. 654,245
41,742.840
978,815 37.576,664
1,243,691
$54,954
33,212
73,853
$3,014,96(5
3,795,832
3,204,186
Of the above imports for the week in 1901, $33,535 were
American gold coin and $185 American silver coin. Of the
exports during the same time $210,500 were American gold
coin.
Stock of Money in Country.—The following table
shows the general stock of money in the country as well as
the holdings by the Treasury, and the amount in circulation
on the dates given. Jhe statement for Sept. 1, 1901, will be
found in the Chronicle of Sept. 28, 1901, page 646 for that
cf Oct. 1, 1900, see Oct. 27, 1900, page 844.
Money
Oct. 1.-,
1901.
In the United
t
Held in
Subsidiary silver
Treasury not^s of 1890
Cnlted States notes
•Cnrr'cy cert Act June
National bank notes
,
'.
Oct.
1,
States.
1901.
*
I
631,201,267
277,617,169
Trtasury.
$
Gold coin (inc.bul'ninTreas.) I.ie0,3o8,790 261.685,364
"Gold certificates
Standard silver dollars
Silver certificates
r-Money in Circulation.—
626,641,894
lP.905.Sn
60,613,612
43,028,000
9.075,395
81,319
8.661,150
346.681.0W
S, '72
858,830,648
9,512,884
71,201,115
436,43:,«6a
81,638,117
42,914,781
333.029.8B0
849,318,214
Oct. 1,
1900.
I
620,017,309
20w.110.34H
71,176.965
420,285,735
7»».432,19;i
«7,*iO0,18-«
824.508.314
1,S20,000
319,336,630
TotaI
2,526,049.7t0 8t8.6ei.269 2.227.188.491 2.113.291,983
Ulati0n " f tU t uited States Oct. 1. 1901, estimated at
78.098.000; clrcu«.Hon per CiApitii,
ou
J
ttviuu
$.^0 &—.
The foregoing does not include the bonds held in the New
Fork Sub-Treasury against deposits in banks. There were so
held on Sept. 30 §10,092,000 bonds, making the whole
amount at that date in possession of the Government as security for deposits $118,301,750.
—
Mew York City Clearing House Banks. Statement ot
oondition f or the week ending Oct. 19, based on average of
iaily results.
We omit two ciphers (00) in all cases.
RANKS
oAh2
?™r
,
money held as assets of tbe Government,
m2 ney H eld m th e Treasury as assets of the Governdoes nSr"?™!,?^ de
P<!? ,ts ot publio money in national bank
nient
tartes tof the
1102 »0 8 757
,
..
$
to
t
P.O.
1,682,0 18,111,0 24-7
1,933,0 27.689.7i 283
1,768.6 15,685,2! 21-7
1,029,0 14,866,0' 24-0
2,617,7 21,181,5 24'8
232,0
4,878,0 25'0
8,218,9 134 789,8 29-9
2,631,3 24,194,8 312
636,8
6,666,9 28-9
993,2
7,417,3 28-1
70,2
1,306,0 297
207,0
2,911,0 17-9
148,2
870,1 291
167,9
4,411,2 27-8
354,7
4,402,8| 19 2
1,128,0 25.642,0 33'1
6,028.0 81,828,8 240
339,7
8,192,9 29-3
1,538,7 14,322,2. 242
397.0
8.421,0 20'0
918,9
9,077,2 24'8
2,873,5' 208
401,9
1,223.5 11.825.6 24-9
6,033,4 63,882,9 277
4,644,0 24*9
501,3
264,8
3,781,0 25'5
3,018,1 20-1
355,5
6,330,5(26-5
790,3
294,4
4,289.8 24-9
2,243,0 26,512,0 24-4
2,010,0 263
339,2
1,361.0 21,966,01 25-0
2,664.0 62,429,0 29*7
l,319,l[24-9
183,4
2,443,7 24,930,0* 250
1.441,0 13,182.0 24-4
1,071,0 10,444.0 24-8
243.2
2,145,4 26-4
2.353,6 77,104,6 27-8
378,1
3,833,8 26-1
331,0
3,390,0 19-H
416,0
4,612,8 270
261.2
3.423,6 24-0
1,797,2 50.536.3 287
407>
9,916,0 263,041,8 291
675.3
4,535,1 17-8
402,7
1,629.1 16,098,4 24-2
320,7
7,609,4 24-2
2,447,7 25 3
178,0
598,6
7.815,3 24-9
897,0
3.003.0 251
1.981,0 14,265.0 23-8
2,635,8 42,183,? 24-9
4.817,0 260
750,0
8,431,1 256
425,0
4,885,7 26'8
355,2
9,068,9 20-5
867,1
157.0
4,073,1 23-6
2.0*5.2 29
106,7
81,722,7 9,8,843,7 874,989,2 1819419 69,802,4 945,114,1 36-6
Total
New York City, Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
The New York figures do not. include results for the nontnemter banks.
Capital
A
Banks. Surplus.
N. Y.*
$
Loans.
t~
Aept.28.. 177,934,2 867,609,7
Oct.
5.. 177,934.2 873,558,2
"
12.. 180,586,4 870,900,7
"
19..
180.583.4 874,939,2
Specie.
Legale.
Deposits J
$
1789364
1803546
1825019
1819418
*
9
71,469,71938.462,3
71,093.7(943,553.1
70.853.5 942.988A
69,802,4 945,114,1
Otre'I'n. Clearing*.
$
30.872.6
30,618.1
30,983 8
31.376.7
$
13110263
12828032
13216440
13373092
Bos.*
Oct.
5..
19..
67,632,9 192.198.0 17,857,0
57,632,9 193,573,0 17,991,01
67,932,9 193,908,0 17.192.0
1
7,329.01219,283,0
7,749.0 220.205,0
7,899,0 22 3,945,0
6.055.0J 147.318.4
6,055.0|144. 300,9
8,069,0 113,794,5
r*hl la.*
Oct.
38,716,3 175,813,0
205,859,0 9,839.0 115,211.6
56,748,0
38,716,3 177.416,0
53,603,0
205,688,0 9,815,0 95.323,9
38,715,3 178.142.0
64.811,0
209,359,0 9,813, L 107,615,1
We omit two ciphers in all these figures.
Including for Boston and Philadelphia the item " due to other banks.'
6..
12..
19..
deposl-
and amounting
$
Re-
Deposits serve
Legal*.
A
.
f
p,i '??
crecUt
°f tne Treasurer of tbe United States,
8pecie.
2,000,0 2,166,2 18,638.0 2,819,0
2,050,0 2,093,0 23,434,6 6.326,6
2,000,0 1,136,7 13,274,4 2,087,4
Merchants'
Mechanics'...... 2,000,0 2,317,2 14,138,0 2,545,0
1,600,0 3,097,0 19,104.6 2,737,6
257,81
4,826,0
1,000,0
939,0
10,000,0 6,630,3 114,421,9 33,724,6
City
300,0 7,000,4 23.669.1 4.929,6
Uheinleal. ........
6,149,6
600,0
258,8
991,0
Merchant 8' Ex..
9,242,0
948,4
1,000,0 1,964,7
1,118,3
278,8
Butch.* Drov's'
300,0
73,1
2,689,0
306,0
Mech.ifc Traders'
400,0
133,0
98l',
184,1!
107,3
200,0
615,8
4,434,2
1,059,6
600,0
Leather M'f'rs..
4,500,7
498,6
554,1
State of N. Y.... 1,200,0
American Exoh. 5,000,0 3,411,2 29,468,0 7,328,0
Commerce
10,000,0 7,094,6 71,921,9 8,856,0
6,984,7 1,294.0
Broadway
1,000,0 1,687,3
1,000,0 1,361,8 13,855,7 1.944,7
2,899,1
612,4
288.2
Pacific
422,7
977,9
6,019,8
594.7
450,0
2,310,4
192,8
360,8
People's
200,0
North America.. 1,000,0 1,025,8 11,667,0 1,128,8
Hanover
3,000,0 6,665,2 47,1:69,7 8,816,7
4,444,0
476,3
658,8
trving ...........
600,0
382,6!
3,297,5
600,0
701,7
Citizens'
289,8!
2,680,7
500,0
253,3
5,974,2
892,0
Market* Pulton
900,0 1,012,2
225,0:
3,794,7
751,9
9hoe <& Leather. 1,000,0
4.218.'.
22,366,0
Corn Exchange.. 1,400,0 1,849,7
2,044,0
406,9
189,6
300,0
tmp't'rs'A Trad. 1,600,0 6,104,4 23,882,0 4,140,0
2,000,0 3,968,7 48,266,0 15,917,0
160,9
1,176,2
145,6
250,0
Fourth
3,000,0 2,563,2 23.791.8 3,805,8
685,2 10,662,0 1,781,0
Central
1,000,0
996,0
9,551,0 1,527,0
300,0
2,004,8
71,6
303.1
760,0
Ninth
10,000,0 11,407,9 77,293,2 19,103.9
128,3
626,0
3,587,0
300,0
N.Y.Nat'lExch.
743,7
3,228,0
336,0
250,0
Bowery..........
3,886,7
604,2
831.1
200,0
N. Y. County....
404,8
3,530,7
673,2
German Amerl..
750,0
Chase
1,000,0 2,657,3 41,602,7 11,713,9
8,812,1 2,189,2
100,0 1,407,9
Fifth Avenie...
584,8
2,403.1
212,6
200,0
German Exoh...
3.092,6
866,7!
407,7
200,0
300,0 1.014,8i 13,871,9 2,370.3
7,608,8 1,625.3
(Jarneld
1,000,0 1,158,1
2,159.7
442,8
371,7|
200,0
Fifth
Bank of Metrop.
300,0 l,110,7i 6,961,4 1.314.9
436,6
2,619,0
200,0
368,0
500,0 l,016,8i 12,805,0 1.391,0
36,173,1
7,900.8
2,100,0 2,378,2
620.41
4,551,0
606,0
300,0
1st Nat., B'klyn.
759",0'
8,570,6 1,210,8
600,0
443,4
4,392,0
816.1
N. Y. Prod. Ex.. 1,000,0
603,3
8,100,0 1,198,0
250,0
NewAmsterdam
418,5
4.153,3
802,0
350,0
2,764,9
502,7
369,1,
Leather.
500,0
31de
-
m
i
Loan*.
ot N. V....
Manhattan Co...
r
in thl acc u nt of
? .
+ ^h,
Capital. Surplus.
Bank
12
e d e m,?ti OU 0f out !tanfliu8Certlacil tes an exact equivalent
In amount
s.« n , ,
^
J
e kinds
°ney is held in tbe Treasury, and is not included
?.'
%71 4.900
13,213.100
14,290 050
10,151.580
12,500
399,684,550
865,000
$330,721,930 $438,931,680
$108,209,750
Total.
;
r-Stoch of
$268,900
6,032,000
2,661,100
3,993.280
12,500
317,854,150
81,830,400
865,000
of
specie at the port of
Export*.
$446,00f
7,181,100
11,728,950
6,158,300
Total Held.
Redeemable at option of the United States.
*
time to time adjust the totals by adding to or deducting from the
amount "previously reported."
The following table shows the exports and imports
New York for the week ending Oct.
and since Jan. 1, 1901, and for the corresponding periods
1900 and 1899.
EXPORTS ADD IMPORTS OF SPECIE AT HBW TORK.
ots.,
iper
number of
Sept. 80, 1901, to Beeure-
xn Bank*.
1894, due 1904
funded 1907.
t p. ots., 1895, due 1925
3 p. ots.,'98, due 1908-18
5 p.
Dry Goods
$86,053,848 W95.381.964
359,217,782! 333,516,051
Bond* Held
Hublic Depot itt
|
Total
Since Jan. 1
Held by National Banks.— The
l'JOl, page 646; for that of September 30, 1900, see
October 27, 1900, i>age 844.
$1,463,779
6,028,292
$1,928,590
8.496,440
$1,639,456
6,673,941
$1,912,708
8,290,089
Deposits of Bonds
following interesting statement furnished by the Comptroller of the Currency shows the amount of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on September 30. For
statement of August 30, 1901, see Chronicle Sej/tembir 28,
1898.
1899.
1900.
[Vol. LXXIII.
•
+
October
(CHRONICLE.
I'HK
1901.]
26,
Reports of Non Heniber Banks.— The following Is the
statement of condition of the non-meraber banks for the
week ending Oct. 10, based on averages of the daily result.
We omit two civhers roo ) in nil cases
BANKS.
Ot
2T
(00* omitted.)
Naw
Uepmil.wui
LoaiuA
flurplu».
4
Specie
Invest
Bk
Vlear\
lithe
Agent. Hke.A,
Note
nunti
Net
Otp»$M
100.0
300,0
100,0
100,0
200,0
800,0
Columbia
eleventh Ward...
fourteenth Street
Sansevoort
Hamilton
Mount Morris
Mutual
250,1'
200,1
Nineteenth Ward..
200.1
Plata
Riverside
100,0
100,0
100.0
200,0
100,0
200.0
100,0
100,0
200,0
100,0
300,0
100,0
300,0
8 late
Twelfth Ward
third
t
t
W'd
Union square
Torkrule
Washington
Fidelity
Vartok
Jefferson
Century
Nat. Commercial.
1698.
140,9
217,0
126,6
82,3
20,u
100,0
09,5
"
(
2576,0
1)24,0
1856,0
loUl.3
1522.1
2287.'.
1466 9
183
147,8 1604,4
222,0 2486,0
129.0 1031,
283,8 8621.0
42.7 1870.1
76,4 1027,7
389,1 210 1, 6
223,3 1428.(1
688,r
3o,8
Bedford
160,0
100,0
300,0
100,0
100,0
160,0
262,0
600,0
100,0
100.0
300,0
Broadway
Brooklyn
Eighth Ward
Avenue
Kings County
Mannfaot'rs' Nafl.
Mechanics
A
Meoh's'
Traders'
Merchants'
Nassau National..
National City
North Bide
Peop'es
Seventeenth Ward
Sprague National.
3011.11
Twenty -sixth W'd.
Union
100,0
100,0
100,0
200,0
100,0
100,0
100,0
I
WaJlabout
Borough o)
Hichnwnd.
Bank
!
kix.5i-4
62.2
11,6
272 J,.
1080 1
and tintt
Htpt.ltO—
Jnited Kingdom
Oct. 18.
179,1
17,0
318.1
85.0
222.0
118.(1
78.4
169,0
149,2
45
10', 4
67.0
119.0
86.2
69,6
99,6
182,8
48,9
67,4
128.9
92,7
23.8
40,3
209.2
78, t
132 8
10.;-
43.2
21,3
60.9
60,6
32.0
8,t-
10,t
6,V
6,'
64,
2
140,6
184.0
18,1
10,X
16,7
66,4
1198.2
1664.6
1144.6
362,9
737,2
126,1
180.3
157,4
34,3
73,9
61,0
2,7
6
-
147,0
62,*-
23,3
U,c
0,4
0,2
69,2
lV
86,t
36,1
735.
437 3 2770,2
842,v
171,'
673,5
144,7
8786,9
853.0
738,9
8776,0
2758,0
921,8
123.0
10,6
123,4-
985,(-
82,4
78,2
243,3
54,2
80,6
66,9
546.0
1186.6
600,2
643,8
841.6
7.r
68.6
86,3
610,9
763.3
360,6
186
8
23,8
625
«
18.7
6,9
182.
108.8'
48,1
6.6
16.0
15,6
35,1
76,5
69,8
340,8
398,4
80,8
113,2
603,0
374,0
359,
456
10.0
127,1:
47,(
81,0
76,9
62,7
87.7
89.P
158.0
48 4
45,0
8,6
81.4
64, e
5
100,6
171 6
296
loe.o
10
168.6
88,6
166, b
36.3
25.8
80,2
26,7
168,4
148,f
68,3
58,2
7P,<
16,1
83.1
«.«
82, e
119,6
29,6
60,6
66,3
24,8
25,0
110,8
114.1
14,0
20P.S 1026,0
657,5-
82,2
36,6
4162,0
1729 8
118J 9
34.8
3 ell
Total weak 2.745.052
•(«uie llme'OO. 1 676,004 3.56J..V1U
taeek
lontlueui.
i.
«C. Amarloa.
1480,0
678.0
383,0
965,2
694,3
89.0
392.9
669,1
754,6
842.6
100.1
j
...
702.4
740.1
N.Am
Colo's
•ther oountrlas
Total
Total 1900
8d Nat., Jer. City..
Hoboken.
2d Nat., Hoboken
65,2
141,7
257,6
138,2
68,4
86,4
18,4
63.0
26,0
31.8
35,'<
•
6250.1
1725,8
1015 3
28,6
142,3
1
10.3
lt)97,4
3,0
840,6
19.. 8262.0 9117,6 72068,2 3246,9 4295,2 7609.6 216f\S 77501,4
12.. 8282,0 8117,6 72832,6 3231,3 1538,3 8465,4 2455,1 78594.2
6..i82B2,0 9101.3 71355,l|3107,l 4165,3 8566,6 2140,0 77317.5
Wht at
.
Week
Binee Sett.
t'.lll
4, ,517
week and since
Horn.
.
Bint* Heal.
Week Since
1.1901.
0,(. 10.
bats.
86,09?,«57
4'4
40,31 8,rtl6
8*6
1.
140,691
6/,f0i
18,408
88.080
J.276
6,6t7
f,18i 5U8
bull,.
1,0.-2.747
l.Oi-
1,121.630
80J(V4
766
268.879
893,487
4,991.953
Z.280.10J
2 715.062
1,6; 6.001
1901,
51.
Ocf. 19
bueh.
I
7.461
i
.
21.'.
6,634.711
12.600
60
Hi
Sept.
1, 1901.
sh.
819,464
877,078
482,1
27.1W3
7.000
.11
814.201
1.17.
128.006
15.l05.S-i
66.611, ''21
888,014
ll.173.0ti 8,640.660
l7.v»57.'il4
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Oct. 19, 1901, was as follows:
Wheat,
Jnitorsat—
(iw York
Oo
902. uuv
,
jaltimore
New Orleans
3alveston
Montreal
Toronto-
200,000
75. Ou
186.000
007.000
783 000
,
1-41.000
bum.
938.O0C
7C.0OO
254 ,.u.
37.000
275 000
Barltj
bue>.
J47.00O
10.000
0.0
173.000
801,000
137.000
26.000
27.000
07.OOC
80,000
1.883.000
l.i'si.bob
4 16,0 J(i
85,0i>u
32,000
53.0C0
830.000
63e!6')b
616.000
1,081,000
S61.000
" 8,000
96'.boo
889.000
'iV.bbo
160,000
6.810,000
6,801,001)
1,870,'OCO
415.000
21.000
124 000
'85,6i.O
433,000
'86,000
266,006
4,695,000
488,000
468,000
332.0UU
637,000
8.r5l, 00"
12.000
040,000
771,000
303,000
43,000
80,000
129,000
11,000
1.0C0
.
Buffalo.
bum,
7-.O0O
Bat,
'Juti,
hueh.
1.174.000
77,000
H 7 S.DOO
42.000
afloat.
Soston
Philadelphia....
Do
Corn,
bueh.
4,410.'»>-
afloat..
Toledo
DO
afloat.
Jatroit.
DO
e
'.
'
43.080
afloat
liloago
,
afloat
Do
afloat
Ft. WilI'mAPt. Arthur i.'5Va.o66
Do
afloat
Minneapolis
it Louis
Do
8,£ 66.000
afloat
1.887,000
Kansas City
7M.000
'eoria
324,000
(ndlacapolls
Mississippi Rlrer.
ieb'o'ou
isi,'666
7U.000
15,000
188.000
60 00C
6,000
2,000
Jn Lakes
On oanal and rlrer.
1,108,000
467,000
709.000
378 000
270,000
386,000
117,606
19.1901.. 89,393,000
2. 1901.. 88,208,000
20. 1900.. 68,813 000
21. 1809.. 4-.565.000
22 1808.. 14,848000
13.419 000
13,4(4.000
8 0H.OOO
14.09H.000
24.633.000
8,014 000
7.760,000
12.S1O.U00
8.742.000
6.164 000
1,865.000
1.7SS.0O0
1,017,000
2.588.0C0
2.036.00J
1061000
2 510.000
3 204 000
n
.
"i
Breadstuffs Figures Brought from Page 921,—The
statements below are prepared by us from figures oollected
by the New York Produce Exchange. The reoeipts at
Western lake and river ports for the week ending Oit. 19,
and since Aug. 1, for each of the last three years have been
70.0(5
160,141
S'.'.ssS
below:
bbls.
Julutb
807,7 5318.8
250,1
600,1 21»6.<
260.0 303.1 1263.9
988.5
200,0 242,6
110,0 469,2 2151.5
966,8
125,0 113,8
400,0
70.681
72\61H
Flour.
«»t<. Indies
1023
K71»
bw».4-<7
of these exports for the
The destination
Sept. 1, 1900, ia as
Jr.
1344,8
1787.2
1111.6
372 6
689,3
767.4
3214,7
4617,2
1023,8
819 8
4024,0
3018,0
882.9
1016,8
536,2
25S
I
I-
2677 3
Other Cities.
1st Nat., Jer. city
Hnd. Co. Nat., J.C.
2d Nat., Jer. City..
867
Week
8,0
25,0
31.102
H7,r8i
am.too
Mxportefor
...
1
81.703
8.671
8.143
15,683
16.3-1
136.000
Montreal
Jaiveston...
7.960
86,126
18168
200
44.3
3n.(14i
«1,*6S
Uarlty
buth.
Ptae,
live.
',u,h.
8,814
'
nn-xvj
683 000
News
Oatt
imtn
l,n.
Ml D1H
307.768
7P, 1
63.2
120.1
85,6
114,7
169,1
182,1
200,0
166 2'
i
870.846
187 60u
164.4
13,9
91,0
130.7
I
rt
Do
26,0
,
lstNat.,Staten Isl
Totals Oct.
Totals Oct.
Totais Oct.
Soiton
18,61
Flour.
liueh.
367,190
Portland, Ma.
Philadelphia.
iaitimora
law Orleans..
severnl seaboard oorta for the week
showa In tint aunexed statf incut
Corn.
frame- buth
136.6
807.6
197
1
•
52.'.
66,'i
88
r
Milwaukee
of Staten Isl
lit Nat.,
r,(ir
2
718
21,'.
I
Boro'h of Brooklyn
Fifth
Wheat
a
1860
2691
1298 1
1501,2
1441 U
1737
2798,7
16i4 d
150,8
98.0
67.2
907,5
670,1
194,6
430,7
64
1
38.2
119,0
70,6
4396
90,1
69,1
1
trie
1901, are
>aw York
Newo
Colonial
Twenty
Th* exports from
pn liug Ojt. 19
Norfolk
voita CITY
Borough of
Manhattan,
883
1U.0C0
261,000
2.5<*6.ou0
1.339HOO
Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction,
Sutipti «l-
Flour.
Wheat.
flbli.l98Ii>i Buih.flGtot
Chloago...
2C0.ll!
Milwaukee
Onlnth
86760
420,^00
000
1.088.108
If
Minneapolis.
2,855.6-0
Datroit
.
Kansas
tfot.wk.1901
wk.'OO.
wk.*oe.
Since Aui. 1.
l»0l
1800
1809
Kte.
Buth.68lb> Buth.S2lbi Buth.iSlbi BM.60I6,
1,417,898
513,925
1,641.697
168,000
19,150
587.700
168.400
31.2C0
15.534
306,954
81,088
43.580
256,620
281,62)
89,750
101.064
6.400
277,680
82,871
15,951
153,677
131.068
50,185
236.017
237,008
281,600
8,700
50.900
855,000
881.075
218.300
288.000
218,100
ieo.800
516,793
6,160.819
8,9:4911
431,!'55
7,C03.2>?3
6,034,898
414,091
7.487,181
4,198.800
109,197
11,752
186.750
7,500
137.600
9,100
8.150.661
1.878.549
4.214,514
8,656,128
283.850
3C8 885
3,799,329
1.744,627
174,093
5,449.014
89,527,946 35,5-8 018 43.806.668
8i.930.169
7S 888.864
14,780,335
13,835.98'
8.967,973
6,020,231
6,19«.b97
10.058. IT 8
2,\00.1S0
City.
Same
Sama
BetrUt.
Oatt.
1183(2
91925
450
Cleveland
8t. Louis ...
1,820,875
Corn.
45,669.785 62,444.130
61 997.806 F3.13l.47S
By
Stocks.
10 Title Guar. & Tr.
By
8os;on
68.V38
13,860
66,5«0
106,564
3,143
14.410
15.08S
2.143
,
Blobmond
Raw
Orleans*
(lawport News.
Norfolk
9alvestOD
Portland, Ma
9*.878
8,000
50.4X1
287,456
186.740
P4.078
14,682
15.24
7
24,Ori(5
1M00.
2.214
49.609
462,176
619,621
8,189,821
2.178,860
l,006,8r6
3,*36.l30
Total receipts at porta from Jan.
follows for four years:
Wheat
Corn
Oats
Barley
of—
1901.
...bnsh.l.32,6b6,481
... ...
"
88.944,38
...
...
"
"
61.i0»,20l
8,088,768
..
"
8C0.017,(61
1
Spencer
21.400
4.483
1899.
17,206,851
Ac
65^
& Co.:
.125
29
Trask
BANKERS,
PINK STREET,
&
....
Co.,
NEW lOBK
INVESTMENT SECURITIES-
fm- torei'
Ilraneh oilice. 47 Bl ita
^U
Albany
compareaa
1808.
97,685,802
99,992.441
160.ftS0.2X0
161,698.t*06
70,776,981
8.266.663
4,(97,574
78.8V6.985
8,H99,H5H
18,436,842
351,236,213
859.129.826
Alexandkb M. Whitb
Gkohoe Barclat Moffat.
Moffat
16,380,676
82,254,082
300,8S 1,870
.120
Nor.
dt
Transact a general banking business; act as Fiscal
Aorents for corporations, and ne»'otiate security
issues of railroads and other companies. Execute
commission orders and deal in
7H,( IS
42.3D0
141!,40o,185
65,391, 2b0
8,641.020
2,288,462
MAX
Co. 1st 6s. 1930.
$•29,000 Pitts. Shaw,
KB. 1st 5s
Members N. Y Stock Uxchanua.
to Oot. 19
1800.
17,518,030
—
SauMtifl and giuauciaL
27
now Orleans
1
oOThe Doe Run Lead Co
3.766
223.715
181.1S6
.
Stocks.
8*. 710
83,750
30,6(11
'Reoeipts do not lnolade grain passing through
Ports on through bills of ladlnu.
Receipt*
4.133
24.800
6,010
50 Western National Bank.eiS 1*
c
100
Century Realty Co
25 N.Y Prod.Exo. Bk. Ql^-Wi^
.118
30 National Bank of Cuba.
180^
20 American aurety Co
211
6 Nassau Trust Co
Bonds.
$:00 Montauk Club (Bklyn.)
2dP, 1911, J&J, July, 1901,
.$52
coupons on
$ 100 Comstook Tunnel Co. 1 s t
$10
Income bond scrip
$1,000 Bt Paul Union Depot
Messrs. Richard V. Harnett
1,601.1.055
il'2.8
Total weer
Week
42.860
179.K94
237,649
8C5.130
1.100
874,000
1S6.O0O
Son:
St(x>:<.
Co
532
10 Long rsl. Loan & Tr. Co.276
10 Wmbgh.Ctty Fire Ins. Co.562
26 Citizens' Insurance Co.. lift
10 Peoole'8 Batife cf N. Y...282
1,687 Mechanics' Nat. Bank.280
33 Merch Excb. Nat. Bank. 150
32 Nat. Bank of Com'e. 371-375
12,500 Hidden Fortune GoM
Mining Co $1 each.. $150 lot
11 E. W. Bliss Co.. com
136
20 Leather Mfrs.' Nat. Bk.260
10 Union Square Bank
295
15 Nat. i-hoe & Leather Bk.UO
10 Williamsburg Trust Co. 215^
35 Nat. City Bank
645 651 ^
The receipts of flour and grain at the seaboard ports for
the week ended Oct. 19, 1901, follow:
Barley
Flour,
sVneat.
Oeitt.
Corn,
Bye.
_
Beeeiytt att>bii.
buth.
buth
bueh.
bueh.
buth.
«ew York,
leo.ui
694.900
760,600
188,500
45V100
13,660
Montraal;
Philadelphia
Baltimore
&
Messrs. Adrian H. Muller
&
Jk,
White,
BANKERS;
Members New York ^toc» ExthaoKe.
No.
1
NASSAU STREET,
-
NEW
INVESTMENT SECURITIES.
TOsftK.
THE CHRONIOLH.
884
commercial,
gJanttjers'
$1
St. Louis, par;
of
When
Per
Company.
Prime bankers' sterling bills on London.
Primecommercial
Documentary commercial
Books Closed.
(Days Inclusive.)
Cent Payable
do
lnt pref
do
JHttsbnrg Vlrpinni & Charleston
2>-j
Oct
Oct
3>
.VoY
1
2
Oct
15
Nov
Nov
LB ilolders of rec.
2
4
5
(extra)
Greenwich
3
3
C
3
2
Lincoln National (quar.)
(extra)
do
do
National City
Pacific (quar.)
Trust Companies.
Farmers' Loan <ft Trust (quar.)
Kings County, Brooklyn (quar.)
MincellnneoUN.
American District Telegraph
American Ice, com. (quar.)
Amer. Light <fc Traction, pref. (quar.).
Casein Co pref. (quar.)
Hudson River Telephone (quar.)
Municipal Gas, Albany, N. Y. (quar.)..
England Telep.
Nov
Nov
1H>
l l4
2H>
l»a
l»a
1
Pressed Steel Car, com. (quar.)
1 34
do
do
do pref. (quar.)
Shelby Iron
5
do (extra)
2
do
1*4
Syracuse Lighting, pref. (quar.)
United Electric Securities, pref
$3 50
1«9
U. 8. Bobbin & Shuttle, com. (quar.)..
do
do
pref. (quar.)..
1 34
do
Warwick
Iron
Westingh'se
*
&
3t
Steel
1 34
Elec.<fe Mfg.,asst.stk.(qu.)
Transfer books not to be closed,
t
Nov
Nov
l>a
1
& Teleg. (quar.)..'
Nov
Nov
Nov
Nov
2
National Starch, pref. (guar.)
Nov
Nov
Nov
Nov
2i*
10
,
New
15c.
discount;
©4 85
©483Vi
©4 84
©6 18V
28
Holders of
Oct 25
rec.
Nov
6
1
*
Less
'is.
©4
4 87
5 15
'•„•
40'„
40'>ie
95
95»g
87«a
©6 15%
©
©
40*8
96 n i«
—
United States Bonds. Rales of Government bonds at the
Board are limited to 825.000 2s. reg., at 109; $',000 3s, coup.,
at 108 to 108^, and $1,000 Is. reg. at 112. The following are
the daily closing quotations
for ytarly range see third page
.
Banks,
American Exchange National
Gcrmania
do
28
KailwnyH.
1
4 H.'iU
4 83
Amsterdam
2
B>treel
4 84 Sj
Paris bankers' (Francs)
6 18 '4
(guilders) bankers
40>io©
Frankfortor Bremen (relchm'ks) bankers 94">i»a
RnllronriN (Strum).
Grand Trunk, guar
Dartm'tli & Westp't, N. Bed., Mass. (qn.)
Denver City Train way (quar.)
Union St., Now Bedford, Mass. (quar.l
25@$1 50 discount; Chicago,
San Francisco. 10c. per $100 premium.
Posted rates of leading bankers follow:
Demand
October 25
G5;x*jettje*
DIVIDENDS.
Name
[Vol. lxxiii.
1
1
1
1
1
1
1
1
1
IB
16
Holders of rec.
to
Oct 22
to
Oct 22
to
Oct 23
to
Oct 25
to
Oct 25
to
Oct 23
to
Oct 19
Oct 22
Oct 31
Oct 31
Nov
Oct
Oct
Oct
Oct
31
31
to
to
Nov
Nov 5
Nov 2
Nov 10
Nov 1
to
to
to
to
to
to
to
to
to
to
to
to
Nov 14
Nov 15
Dec 2
Nov 10
Nov 1
Nov 1
1
to
to
to
1
Oct 31
Nov 14
Nov 27
Nov 20
Nov 15
Nov 15
of rec.
to
Interest
/erir.df
31
31
Oct 19
Oct 26
Nov 1 Oct 25
Nov 1 Oct 26
Nov IB Nov 1
Nov 28 Nov 8
Nov 21 Nov 1
Nov 15 Nov 6
Nov 15 Nov 6
Nov 1
Nov 1 Holders
Nov 1 Oct 20
Nov 1 Oct 20
Nov 11 Nov 1
Nov 16 Nov 3
following
1
Oct 31
Dec a
Nov 10
Nov
Oct 20
;
Oct 24*
Nov 1
Nov 1
Nov 10
Nov 15
Payable in scrip convertible into
stock.
registered Q2s, 1930
2s, 1930
couponQ2s, 1930 .smaJ. registered:...
2s, 1930 small
couponl. ..
registered Q3s, 1918
coupon Q3s, 1918
3s, 1918, small. registered
coupon Q 3s, 1918, small
registered Q4s, 1907
4s, 1907
coupon;Q4s, 1925
registered Qcoupon Q4s, 1925
registered
6s, 1904
6s, 1904
com onlQ
Q
'This
is
Oct.
Oct.
Oct.
19
21
22
Jan -109
•109
109
Jan "109
•10!)
108»4 -108 34
Feb
Feb
Feb
Feb
Jan
Jan
Feb
Feb
Feb
Oct.
23
'
Oct.
Oct.
24
25
108V* 108 »a 108»9
'1084 *108>»
'107 >a '107 >n '107*3 *107»a *107Hj
107 »a
*108V*108>« *108»4 *108>4 *108»4
108'«
'108
'108
'112
112
*112
'112
'138
'138
'139 :*139
-106 1* «106'i
•108
*108
'108
*108
'Ill's •IIIS4 *1U S4 *111 34
-lll^ *111»« •111»-|*111»4
•138 *138 !*138
'138
•139 *139
*139
'139
1
'106 * •106>4 *106>« *106'4
Q
-Feb *107V '107>a '107 Vj *107>n *107Hl*107i»
the price bid at the morning board: no sale was made.
Coins.— Current quotations
$4 85 ©$4 88
3 84
88
X Reichmarks
4 73
78
25 Pesetas
4 78
83
Spanish Doubloons.. .15 50 ©15 60
Mexican Doubloons. 1 5 50 ©15 60
Fine gold bars
par ©^prem.
Sovereigns
Napoleons
©3
©4
©4
X
.
in gold for coins
Fine silver bars
Five francs
Mexican
dollars
and bullion:
— 57>4@ — 58 s4
—93 © — 96
—45 © — 47
— 42 ©-44>«
Peruvian sols
English silver
$4 81 ©$4 85
United States trade
— 62 © — 70
dollars
Stale and Railroad Bonds.— Sales of State bonds at the
Board are limited to f3,000 District of Columbia 3-65s at
126, $2,000 Alabama class A at 108 and $2,000 Virginia
WALL, STREET. FRIDAY, OCT. 23, 1901.-5 P. M.
The Money Market and Financial Situation.— The stock fund, debt 2-3s at 96X£.
The railway bond market has been more active than for
market has become somewhat more buoyant in tone this
time past, and shows a broadening tendency. On
some
week. This buoyancy has been accompanied by a more
Wednesday the transactions aggregated over $4,500,000.
maturing which will enhance the market value of certain stocks and that the
Northern Pacific affair, which has been practically in statu
quo since May 8, is nearing a settlement. The demand has
continued to be chiefly for high-grade shares, and price3
advanced in a few cases from 10 to 20 points, showing that
the movement is not primarily a speculative one, and that
the supply of such stocks is in many cases limited. There is
also an increasing demand for railway boids, the volume of
business in this department having been larger than for
some time past, with prices well sustained or higher.
From whatever cause, it would seem that the investing
public views the situation somewhat more hopefully than of
late, notwithstanding the fact that no actual developments
of importance have been reported.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 3 to 4 per cent. To-day'd rates on call were 3 to 4
per cent. Primecommercial paper quoted at 4%@ 5 per cent.
The Bank of England weekly statement on Thursday
settled conviction that plans are
The market has held strong throughout the week, and a
considerable list of active bonds closes from y2 to 1% points
higher than last week. Union Pacific convertible 4s were
much the most active bonds, at advancing quotations, closing with a gain of V~/2 points. Baltimore & Ohio, Burlington & Quincy and St, Louis Southwestern issues were also
exceptionally active and strong. Kings County Elevated 4s
were bid up 2 points on limited transactions.
Stock and Bond Sales.— The daily and weekly record of
stock and bond sales at the various stock Exchanges, formerly given on this page, has been transferred to a place by
itself.
It will be found to-day on page 891.
Railroad and Miscellaneous Stocks.— The stock market
was exceptionally dull during the early part of the week,
but daily transactions steadily increased as the demand for
railway shares became more urgent. This demand centered
largely in a few issues, resulting in a sharp advance in
Chic. & North Western. Lackawanna and other stocks, and
imparting strength to nearly the entire railway list. Fluctuations have been wide in some cases, St. Paul covering a
range of over 6 points, Union Pacific over 4 points, New
showed a decrease in bullion of £825,718, and the percent- York Central and Misssuri Pacific nearly 4 points. The
age of reserve to liabilities was 48-38, against 49-00 last coal stocks were notably strong features, including Baltiweek; the discount rate remains unchanged at 3 per cent. more & Ohio and Central of New Jersey. Chicago Great
The Bank of France shows an increase of 6,950,000 francs Western issues advanced on rumors of a change of control.
in gold and 725,000 francs in silver.
The miscellaneous list, as a whole, attracted but little
The New York City Clearing-House banks in their state- attention. Amalgamated Copper was active, covering a
ment of Oct. 19 showed a decrease in the reserve held of range of over 4 points, and Glucose Sugar was weak; but
$1,411,100, and a surplus over the required reserve of otherwise the
industrial list was dull and generally
$15.465.775, against $17,483,175 the previous
Difference!
1901
Oct.
19
from
previous week
$
Capital
Specie
Legal tenders
Reserve held
Legal reserve
236 27^,625 Ino
1900
20
Oct.
$
$
81.722,700
98,843.700
874,939.200
31,376,700
945,114,100
181.941,900
69.802,400
week
neglected.
1899
21
Oct.
$
4,038,500
392,900
2.425.200
560,000
851,100
74.222,700
90.109,900
797,849,200
30,431,300
846,432,800
156,654,200
57,901,700
1,411,100
606,300
214,555,900
211,608,200
193,535,000
192,093,925
Surplus reserve
15.465,775 Dec 2,017,400
2,947.700
Notk.— Returns of separate banks appear on page 882.
1,441,075
Loans & discounts
Circulation
lno
Ino
Inc
Dec
Deo
251,744,300 Dec
Foreign Exchange.
—The
68,922,700
78 843 500
700,543,900
16.727,400
768,375,700
143,674,300
49,860,700
market for foreign exchange
Outside Market.— Only a fair amount of business has
been done in the outside market this week. The general
tone has been heavy and prices have moved irregularly. In
a few instances, notably Dominion Securities stock and
Kansas City Ft. Scott & Memphis preferred, the highest
figures for the week were recorded to-day. On the other
hand, for several securities, particularly American Can
stocks, the lowest points were reached. The rise in Dominion Securities stocks occurred mostly to-day, when the
shares opened at 8P4 and sold up to 83^. at which they
closed. The final price last Friday was 80 and early this
week there were sales at 79^. Kansas City Ft S. & M. preferred fluctuated between 74% and 15%< selling at the
higher price this afternoon
International Salt certificates
ranged between 31 5 S and 32 until to-day. when they opened
at 31^8 and sold up to 32 3 g. Electric Lead Reduction has
was strong early in the week on a good demand, but became easier on Wednesday, and on Tnursday the demand been in demand all week between 2$ 8 and 3i£, closing at 3.
was less urgent. To-day's market was again firm.
American Can stocks have moved stead'ly downward, closTo-day's actual rates of exchange were as follows: Bankers' ing to-day at i9% for common and 68 for preferred, against
sixty days' sterling, 4 83%@4 83%
demand, 4 86% (2 4 86%; 213^ and 7034" last Friday. Snap Hook & Eye stock closes at
cables, 487^(34 87^; prime commercial, sixty days, 4 83 4@ 39, against 39^ last week.
Copper stocks have mostly been
4 83^; documentary commercial, sixty days, 4 83@4 84; rather quiet at fnirly steady prices.
Plymouth Copper sold
grain for payment, 4 83 34@4 84; cotton for payment. up from 3 to 5 and Tennessee went down from 14 to 12
4 83@4 83^; cotton for acceptance. 4 83^@4 83^72Apache Copper rose from 53 to 54%, but receded to 54. The
'
I
l
The following were the rates of domestio exchange on new Mexican National RR. securities have not been very
at the under-mentioned cities to-day: Savannah, active, unless the 4 per cent bonds be excepted; these on
buying yz discount, selling par; Charleston, buying par, limited trading sagged from 11% to 11%
Outside quotaselling 1 io premium; New Orleans, bank, $1 50 premium;
tions will be found on page 891.
New York
.
Stock Exchange -Stock Record, Datty, Weekly and Yearly
<M
l'\ l\G
TWO l'\(.l -
New York
(
STOCKS— HIGHEST AXJ> LOWEST
Monday
bitturilut/
Oct. 19
Oct.
Oct
i'i
a
(hi.
-KM &S
fKJ{
SA1.I.
Thursday
Wednesday
»
Oct.
1
I
n
Friday
OoU 93
94
w sroBS
1.
98*
•21
•
68
•62
;>
* 63
i
7s V
96*
103
77
97
ioa
94
•
00*
•90
•126
8
l
Si
ln.iV
01
98
127
110S;
*
82
1
111
82*
'4
163
164
45 Si
37 '4
77 Hi
77
i'ii
93
165*
128
93
•44
46*
-70
86 h
1
1
228
141* 141V 141
•1J6
•176
145
200
20 Si
•36* 37
135
120
75
•13V 13*
168 168* 108
227
•220V 228
41
82
09
69
44
'a]
•91
41*
11*
11
•19*
75
13 Ss 18*
53V 53V
23* 23*
64
54
•23 Si 24
11
Si
1
108
227
41
92
00
00
42 "a
'•_•
11
'.
40* 41%
•09* 69V
00
59
•85
192 Si 193 Si 193
's
00
2
1
145
198
188
25 Si
•72
72
9
:,
1
4
192
1
2
1
1
13
145
197
146
1 99
20
1
1
•72
75
Si
Si
:,
72
L92
211
24
1
69
id
1
13
Ibloago Uroat Western..
Do 4 p. c. debentures
89*
Do 5 p. c. pref. "A"..
5 Si
Do 4 p. c. pref. "H"..
1
Louisv.
V chic. Indiuuap.
72'-.
Do pref
Paul.
St.
171* Chicago Milw.
L98
Do pref
210* 'Incapiit Northwestern
1
&
&
1
'4
1
Si
13*
1
1
5
1
2
2
1
\
172
'4
1 Si
109
Do jiret
Hock l.Hl'd&
lis
•up
•72
42* 42*
11
11*
Chic. St. P. Minn.
Do pref
:hi<;iKo
1
Do
i.'leve.
IV Colorado
1
6
1
1
'4
1
'•.
25
170* 172 '4
& Om.
Tenn'l Transfer.
pref
Chic. & St. L.
pref
Clove. Lorain
Do pref
75
Pacific
Cm.
Do
120
14
25
'•.•
'hie.
•
20* 20«b
38* 38*
us* 98*
&
<t so.,
vot. trust
Do 1st pf. vot. tar. el's.
Do 2d pf. vot.tr. ctfs.
Delaware & Hudson
42V 42*
1
61
90
88
•85
88
193*195
194
194 V
•85
194* 192 Si 195
Do pref
Worth* Den.
•84
SO
29 V 29 S
Ft.
Do
deb. Ctf.
18,660
8,700
1,900
4,900
2,200
"Too
7,044
A
B
64
64
64
54
64
54* 54* 54* 54*
54
54
Hocking Valley
•74V 75
75
75
75
75* 75* 70 V 70
Do pref
*74V' 75
140V 140V 140 Si 146* 146 140* 140*147* 147 147* 147 147* Lllinois Central
41* 41 S: 41 Si 41 Si 40Si 41* 41
41* 41* 41* 41* 42 * owa Central.............
•78* 80
}78* 78 a
Do pref
77* 77* •77 * 78 Si 77 Si 77* 78* 79*
50
77
5,350
3,330
8,39
8.270
1,740
,
-33
-16
•40
•16
44
•07 Si
•125
$312
70
103
17
41
•OS* 70
•125 128
4310
810
•67
70
34
Si
•33
"16
17
•41
44
00 Si •65
12S
127
312
2315
70
70
•33
84 Si
69
127
315
70
18
39*
397,
*10
45
70
128* 128
2315 320
'07
72
•41
17
Michigan.,
ausas City So. vot. tr..
18
17
•16
•41
70
45
Kanawha*
34
09*
:l
4
Do
15
45
09
129
320
68* 08 V
104 104*
119 1 2 1 '4
150 157 H
'MS
40
•90
95
515
-41
45
00* 09
•125
129
315
$320
17
120
$315
•67
71
103*103*
103* 102* 103* 103* 103* 103* 104*
120*120* 119* 120 '4 120 121
120* 121* 120V 121*
157 158* 157 Si 158 Si 157 Si 157* 150* 158
157 158 4
1
Do
Lake
Do
&
Des Moines...
pref
& Western...
Erie
pref
* Mich. South'n
Long Island
r..
100
100
pref. vot. tr. otto.
Keokuk
Shore
Louisville
&
Nashville...
Elevated...
etropolitan Street
.Met. West Side El. (Chic.)
Do pref
22* 22°, .Mexican Central
14
14 Mexican Nat'l tr. receipts
•110
Michigan Central
109 V 110* Minneapolis & St. Louis.
123* 123V
Do pref
20 V 27 Minn. S. P. & S. 8. Marie.
77
77
Do pref
Manhattan
10
100
500
200
104
300
22,092
21,250
8,459
•40
•40
•39
41
40
41
•39
40 Si •39
41
•90
•90
•90
"90
- 90
91
91
92
92
92
22
•21 Si 22*
2,904
22
22*
2 2 S3 22 Si
22
22
22*
'4
14
14
14* 14
14
13*
4,270
13*
14*
13*
14V
«105 .... *105
•112 ....
'110 120
110 111
8,300
109* 110* 109 HOSi 109*110* 110*111
400
122 Si 122 Si 123 123
124Sil24*
•26
27
27
20
20
1,000
26Si 20 Si
26* 26 1 •26
•75
77
77
77
2,400
75
76* 73* 75 S 75* 77
2538 25*
26* •25
26 Mo. Kansas & Texas
25
25
3,500
25 *
25* 26* 26
25
50
50
49* 50
50
50 V
50
61
61
2,310
50* 49
Do pref
49 °E
97
94* 95* 93* 95 S 93* 95 S, 96
95* 90S, 95* 90<4 .Missouri Pacific
61,210
Mob.*0.,J.P.M*Co.rects
Morris* Essex
156*157
158*159*
157*
158*159*
156*157
159*
Central & Hudson. 66,750
156 158
60
48 V 49
49
50
Y. Chic. & St. Louis..
2,300
60S.
50V
50* 50* 50 Si 50* 60
• 113*117* 113Sill7Si *113*115* •115
Do 1st pref
117* •115 117* •115 117V
•88
•88
•88
•89
91
91
91
91
Do 2d pref
91
81
90
91
"eob"
*
NY.
New York & Harlem
»212
33
214
212
33
33'
•55* 50
•88
214 •212 214 $213*213* '212*214*
33 \
32* 33 * 33* 33* 33* 31V
55* 60S
55 Si 55*
*88* 90
90
•88
90
103 Sj 100
104
106 '4
104
105
62 S
•88
95
'08
72
147'«
140*
"41
44
79
80
•82
85
'02
03
•88
95
70
•62
02*
66
•92
98
•68
72
140* 147
•40
4.;
78* 80
•80
«5
68
55 Si
50*
90
90
104 Si 105
-02
63
•88
95
•07
70
140V147V 140*148*
44
40* 41 Si •42
-78
80
•82 Si 85
79
85
79
85
Si
56*
56
90
90
103 V 104V
03
03
'91
90
•67
72
147 148
42
42
78* 82 V
J80V 80V
N. Y. Lack. & Western...
•212V214V N. Y. N. Haven & Hartf
75
34V 34* X. Y. Ontario & Western. 56,500
50* 57 Norfolk * Western
30,050
89 V 89 S
Do adjustment, pref.
300
Northern Pacific By
102 103-4
Do pref
27,630
•62
64
300
IJacific Coast Co.........
•90
96
Do 1st pref
•67
72
Do 2d pref
147 147-8 Pennsylvania
80,203
'40
44 Peoria it Kastern
800
950
•78V 80 Pere Marquette
•83
Do pref
86
350
&
Pittsh. Cin. Chic.
Do
40V
70
•71
4ll
:
'|
40*
51*
72
40 "4 40*
76
70
51
5134
40
}76* 70
Si
:
'i
52 V
40*
41
70
70*
4
61* 62
42*
70*
53 V
42*
70* 77V
52 V 53*
41
St. L.
May
73
31
!/i
m
42
.
77V Sep
May
1
]
Mar
Aug
Dec
148* Dec
IO8V.J111
May
May
109 V Jan 187* Dec
150* J'ne 172* Dec
99* Get 2f
Apr20
Mar
77* Feb
18 Apr 29
7
Dee
Dec
J'ne 94* Dec
68* Aug 82 Dec
SO J'ne 45 Dec
Jan 29 Apr
14
45 V Jan 04 Deo
188
200
215
248
18
j
81
90*J'ne2
56 Marl
44* Sep
e
42* Dec
6* Sep
20* Get 2
94* -Marl
9
Aug
*
1
Jan
.1
195* Maj 220 Deo
102 J'l" 122* Dec
110
Gel
172
l'el)
8*Oot
20 V Get
55 J'ne
103 V J'ne
1
V J an
4
Jan
46
120
175
Not
Mar
14* Dec
39 * Apr
70 Dec
118 Deo
Not
Apr
8* Dee
47* Mar
20* Mar
134* Dec
194* Dec
34* Dec
87 Dec
30
72
Sep
Sep
Sep
105 May 9 185* Apr 3 106* Sep
188* Jan 8 244 May28 171* Sep
29 V J an 21 53V May
10* J an
80 Jan 21 103*J'nel4 64* J'ne
65 Sep 12 71 J'ne27
09 J'ly29 69 J'ly 29
12 J'ne 21 Dec
18 Jan 30 45 J'ne
6* Mar
4 J'ne
5 Jan 9 12*J'ne
13* Jan 8 22* Sep 30 12 J'ly 20* Not
24V May 9 45 V J'ne
10* Sep 27* Deo
59* Jan 21 73VJ'ne29 30* Sep 63* Deo
39* Jan 4 61 Mar21 15 Sep 43* Deo
41 Jan 31 68 Apr 12 38* Oct 54* Mai
si
Jan 4 95 April 74 Oct 94* Apr
17 Jan 18 36 Apr 20 12V Mar 20 Deo
107 V May 9 208 Mario 144* J'ne 191* Deo
65 Jan 2 07*Febl4 63* Mar 66 Deo
8* Dec
5* Sep
7 V Jan 28 11 V Apr 2
30* Jan 42* Dec
40 V May 9 57 May
09* Jan 21 80 Mav 2 58 Jan 74* Dec
124 May 9 154*J'ue29 110 J'ne 132* Dec
21 Jan 21 43*J*ne21 1178 Jan 27* Deo
48 Jan 21 87* J'ly 1 39 Sep 58 Mar
21 Jan 8 41 J'nelS 10 Jan 25 Deo
7 Sep 17* Apr
13 V Jan 4 25 Apr30
35 Jan 4 49 Apr 30 27* Sep 43* Apr
3* May 6 Deo
5* Jan 3 18 V Oct 2
24 Jan 2 45 V Sep 30 14* Oct 23 Deo
39* Jan 21 74 Sep 27 20* Mar 52 Deo
108 V Jan 21 135 V Sep 27 83* Feb 115 Dec
$230 April $320 Oct 23 }197 Jan 5240 Dec
07 Jan 3 82*J'ne22 47*Jan 89 May
70 May 9 Ul*J'nel7 08* Sep 89* Dec
83 May 9 131* Apr22 84 J'ne 116* Deo
150 May 9 177 J'ne24 143* Sep 182 Feb
27 Jan 9 40 Sep 27 24* Jan 37* Apr
79 V Jan 15 93 Sep 18 70 Feb 84* Not
12* Jan 21 30 May 2 lOVJan 17* Deo
3* Jan 24 15 V Oct 12 2* Sep 5 Mar
107* Mar 4 107* Mar 4 $104 Jau 115 J'ne
67* Jan 19 111* J'ly 19 45*J'ue 71* Deo
101* Jan 7 124* Oct 23 87* J'ne 104* Not
15 Mav 9 28*Aug27 14 Sep 27 Apr
49 Apr 9 78* Oct 11 47 Nov 69 Apr
9 Sep 17* Deo
15 Jan 21 35*Apr20
37 May 9 68* Apr 19 25* Sep 47* Dec
69 Jan 4 124*J'nel4 38* Jan 72* Dec
78 May 9 85 Aug22 35 J'ne 49 Deo
$191* Jan 8 197* Apr 9 $183* Jan ,lsy*May
139*Jan21 170 May 2 125* J'ne 145* Dec
16 May 9 57* Sep 28 11 J'ne 24* Deo
97 Mar 1 120 Sep 18 75 J'ne 110 Deo
47 Mar 1 95 Sep 28 29 J 'ne 58* Dec
420 Apr 1 420 Apr 1 400 Maj 120 J'ly
Feb 21 $130 Jan 5135 Mar
$134 V Jan 15 139
Sep ;2I5* Jan
;2ot>VFeb27 217 J'ne24
,.1'lie
32 V Deo
40*Miiv
1
24 May 9
42 Jan 10 57V May 2 22* Jan 45* Dec
82 Feb 15 ;ii)'-.J'uel3 07 Jan s3 Deo
45 Sep so V Dec
77* Jan 21 11700 May
Deo
84* Jan 21 113* May 7 07 Sep 91* Not
52 Feb 1 73 J*nel9 40 May 62
Deo
89 Feb 25 98 Apr 20 82* Sep 00*
Maj 09* Oct
03 Jan 8 75 J'nelS 57
137 Mav 9 161* Apr 22 124* Sep 149* Deo
Deo
5 J'lu- IS
14* Jan 22 50 Sep 2"
33* Jan 9 80 Get Is 20 Jan 36 Deo
luh
73*
Deo
72 Jan 2 86 J'nell
Sep so* Jan
.".7
Jan 30 80 J'ne 7
88 Jan 4 lu.'i Ma] 7 78 J'ne 94 Jau
Sep 26 Dec
18* J'ne 3
24* Jan
6
68*Aug3ii
30
28*Apr2
14
:,
11
1
:,
Grande Western
Do
\jir30
LI
.i
.
pref
43i4 Rr;iilin^, VOt'g tr. ells.. L39.400
7
1st pref. vot. tr. ctfs.. 25,696
j
54* 2d pref. VOt'g tr. etls... 35.900
llio
115
24
1
82* Apr 80 88* No'
Ml
199* Apr 30
135* Apr 29 88 Jan 109
136 Aprl
119* Dee 125
4
4
2
.lan
6
3
«.
'
iluv
6* Jan 21
540 40 Jan 31
400 10 V Jan 4
10,910
C., strop.
193V 193* Great Northern, pref
Green B. & W., deb. ctf.
ss
L68
350 116* Jan 12 121
27* Jan 7 37
,
54*
9
9
V J an
38* Jan
81
12,400
1
69
4
4
May
May
Dec
Jan
92
Aprl
176* J'ne
145 Aprl
900 180 Mar29 201 Aprl
800 loVJanlO 31 AprlO
3,300 33 Jan 21 57 V Apr 15
20
20
Jan
.'an
'1
120 V. Jan 8
127*810 10 Jan 8
7,100 90 J'l.v27
3,170 75 Mitylo
10,800 42 Jan 3
1,950 23 Jan 21
200 58* Jan 21
405,050 134 May 9
4,004 175 May 9
8,850 108 V J an 21
3,150 207 Mar 1
6,330 116* Jan 4
422 125 Mar 2
1,110
11* 11* $11* US Duluth So. Shore & Atl..
600
•19* 20 Si •19* 20 S
Do pref
110,304
41
41* 41* 42 '4 41V 42 Erie
9,500
09* 69* 69* 70* 69 Sa 7US
Do 1st pref
5,100
55
65* 55* 56* 50 '4 57
Do 2d pref
4,300
01
01 Si
00 V COS Evansv. & Terre Haute..
60 Si 61%
lF'j
19*
41V
Dec
•
1
67
234
claw. Lack. & West'n.
„ 45
Denver A Hio Grande
91* 92
Do pref
69
Denver & Southwestern.
69
Do pref
;..
42
42 S Des Moines & Ft. Dodge.
1
L
400
Wheel's.
231
09
09
09
09
11
150
198
I.
I'.'ii
IV
54
1
'j
I...
42 S
•j
1
II8H1II8S1
24
69
00
61
•85
72
168* L70*
22s 236
227* 228
44
44* 44* 45
91* 92* 92
92V
•90* 92
Si
49*
41
•72
10s
191
'.Hill
i
Marl9 97
Mar
L28*J
Mu> H 117* 3
77
LIB
S7
i i i('i
3,700
2,160 L46
12,500 29
8,900 27
1,400 72
Illinois
]ircf
1
1
13* 18*
•52* 54
109
Do
88
'-i
87* 38 H
98
99*
75
•23* 24
108 1 69
227 227*
43 Si 4:iS
IT,
97
"
Apr
Apr
114*
1
7
lot
Qulncy.
Chicago 4 Kast'n
26*
92* 98
.".11
'4
4
•72
54
41
OblO
Alton
r it
&
;i
Jan
37,915
5,
New Jeraey...
•Chicago Hurl.
'
37
13* 13*
86*
46*
'_•
ntral of
i
128"
20*
ST
191
.
\l;i>
•,
Doc
Dec
21
t-iirt.
anada Southern
"
>
Til
11
pro!
i;iii,iiiKin Pacific
/
Dec
1
12* Jan
65,645
14.095
Do
136
'4
37V
98* 99*
20*
119
19*
40*
68*
54*
'4
•-.
Pi
'.'()
si
vol. ir.
1.
85* 861 Chicago it
77* 77 '4
Ko pref
i'3"6"
148 Si 14V
144 150
197 200
•20* 21
118
•40
42
Si
'4
192
192
28
209
2
230 Si
1 12*
118
•11
,
167
a Santa
Ohio, vol.
pri
40'.
"20"'
41
83
s;s>4
vii"
115
•40
264
L68
1e
136
2
*
186
1
1,800
Brooklyn Rapid Tranalt..
Buffalo Booh, it 1'iitbb'tf.
'.
1
88*
190
127
II
9"
A
Do
1 >
Jlijjhttt
ih ii.nl-.
prel
>.i
>alt.
1
*
110*
38*
•77* 77*
1
200
1
110
1
126*
110* LO*
45*
1
9
L24
30 '4 37 '4
•77
78
so
107
".'l
101
167* 170V
20*
36* 37*
97* 99
69 \
90
10*
1
60*
'•
126
45*
73
206
56* 55V
65 Si 65 Si
68
CO
•85
90
46
'i
80
L64* His
l»'i L92 3<
•19* 20 Si
40
41 *
20»s
5
45
1
196
•20
20
37
165
23*
40* 40*
144
97* 97 S
168
»85* 86*
141
20
37
110*
1
62
•96
98
230* 238
87* 97*
*40
•72
"28*
141 *
145
98
126
•1
120
228
20*
44
92
46
37
•71
7:;
•98
124
01*
88*
88*
* 101
192
126
35
23
93
"a
1
•
•
98
126
110
'i
105
94
84
.1
in.
pre!
\irii Top< lea
1
Si
Week
\nii Arbor
54*
'j
94
61
60*
"a
1
L64* 166*
•187V 189
88 * 188 Si
201*201* 2U1 203
•116
•40
•72
1
Si
1
77* 77*
•90
•86 S3
*40
166
83
1
23* 23*
23*
71
96
109
88
1
L36
41
73
•
6
*
96* 97*
102* in.;
L02Si
60*
Si
124
80* 86*
•41
45*
•40
102
36*
129
140
'23
00 '4
22
63
63
70
•83* 94
110* 110*
•90
97
00 '4
'.Hi
•126
hiss
77* 78*
22*
Si
•52
78
63
7S>4
L02*
127
so*
•77V
22
Si
<r
Blusres
l;
•81 *
J'rectov*
(1'JOOJ
'..r
Onbas.t, of ltui share lute
a,-
•
pref
65
-May 9
88
Jan
65
93
Kill
.1
ml
ihiv
3
5
.
1
a
85
L08
i
.
7
39* Dec
.lan
80 Dec
95 V Dec
Jau
80
J'nel9
* Dec
.1.111
Sep
1
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
*
KEW YORK
Bid
CITY
America |
...
Hank*
Bid
Ask
525
Citizens'
City
Colonial V
Colombian ..
Commerce.
Commercial
Corn Exeh'
111)
130
190
105
200
Fast Kiver..
11th WardV
Central
Century V
Chase
Chatham
700
325
..
300
335
t371
100
410
140
160
Fidelity! •-- 225
Filth Ave'
Fifth
Ask
JUU
Hanks
750
1
..
Ajner Exch.. .i'2 75
Astor
600
300
Bowery"
Broadway... 420 430
Butchs&Dr
Ask
1000 4100 First (new).. 740
155
105
Mihstreetn. 165
235
645 051V Fourth
Chemical
..
3250
325
;*75
150
Gallatin
Gansevoortli
Gariicld
111)
140
500
German Ami
German K\'
133
Genuania*
Greenwich
Hamilton^
500
..
'
..
175
100
Hide
it I.'atli
<
1
,
.1
50
.Mutual'
.Nassau*
New Anisiii
......
19th Wardl
150
Meoh a
Ninth
North Amii
210
Oriental'
175
I'.ll'llll'
19.-.
Park
570
\i» iirk
x \ Nat
N
i
1
.
New
1
.....
......
......
......
.
1
ra1
1
in
Mercantile .. 250 280
Mi nil Exch. 1150
Merchants'.. Is.",
200
Metropolis
050
',\
•Biiiinla.k.-il prices; no sales were made on this day.
j cltr igias.
i Less chad LOO snares,
sales for "oash' were
1 Sale at Stock Exchange or at auction this week.
U Stock "cornered"
'
IVi.pl.
150
175
Irving
190
Leather Mfr. 200
500
Liberty
900
Lincoln
Manhattan' 290
Market *Ful 260 270
2S0
Mechanics'
.
.
1
York...
'
as high aa 1000.
80"
H61* ib'2V
210
'
ii
(
rd
ISO
Second
..75
Shoe*
(110
500
225 245
L.tii.
fNY"
12t
li
Ward"
.
111)
23d Ward! .. 110
Union Sq1 ...
3
made
Prod Exohl
100
*
Ask
)282
100 115**
on
'
'
I'.'ii
1
Bid
HiuiL*
Bid
1
1
130
126
Hanover
Bid Ask
Banks
Banks
Imp & Trad. 550 575
Ml Moi
dividend and rights.
Trust Co. certificates.
Stock ReOOrd— Concluded— Page 2
886
STOO&
Honda
Saturday
Oct.
1
*57
21
28
'-j
1
122% 123%
HI,-
77
77'-.
66% 66%
•26% 27
56'.,
fiti'.l
si;'.
38H
'„
25-4
1
11
27
44
98
43
l
4
88 192
26 Si 26%
20%
22
49
26
84
84%
•'•a
*6
98
ii<>
'4
12
'1
1
si pref. \.
st.
st.
.; 1
1 >
.
1
• >
>i
66%
Do pref...
60% Sonthern
60
ir
Do pref. ot.
39% r Pexaa & Pacific
118
L22
20%
20%
100% LOS
88% 90
20% 20%
35Hi
loo
101
lol
102
102
Avenue
1..
L02%
i
,v
1
<.v.
W.
•
v.
.'.85(1
1
.
r.ti
I
^
89%
f
pref
moil pacific
Do pref
1
97
Si
97
Si
43
;;
•10
25
25%
80% 80%
30
30
80
89
89
•
76%J'nel9
9
N|n:;o
41% Jan
29 May
8
o
.Jan 2
•16
46
25
21% 22%
190
*
1
-
1
44%
98
42
44
44%
97
97
42
•
.
. .
....
15
$14% 14% 15
74% *75
80%
80% -75
35% 36
86% 35% 36
17
11
92Hi
•204
-10
•91
•128
14
•217
132
16
219
212
•204
132
212
.. .
*128
Jan
25%
'J5 a4
si
84%
'-2
132
218%
•204
212
204
10%
210
1
1
7%
28
7%
7% 7%
28% 28%
28
256
41
256%
•98
100
41
Hi
20% 21 Si
76% 77%
89 Si 89 Hi
6%
6%
•46
85 Ha
'90
«100
47
85 Hi
95
105
§24% 24%
258% 259
258
40%
41
98
98
39
96
30
259% 259
37
*95
20% 21%
20% 20%
76% 76%
89
89%
6% 6%
76
89
29
22
76
'-2
91%
•12.8
131
87%
*
41
97
Do
7%
7%
29
•22
29
30
29
30
40
40
98
20% 21
76% 76%
90
91%
96
20
76
98
-
47
89
95
105
12
*95
*9
•42
«9
42%
•100
-19
19%
*85% 90
38
•63% 65
•139
•98
12
Hi
v
143
99
42
102
19
46
46% 47
•85
87% •84
47%
88
-91
95
•95 105
•9
12
41% 42
•91
•95
9
42
95
105
9
42%
*99%102
100% 102
18% 18% •18% 19
18%
•83
90
90
84% 84% •84
•99
102
•31
41
•46
188
•32
64
140
96
•32
•64
•135
97
44
38
64
140
97
38
66
145
97
45
32
•64
'135
•95
62
100
7,950
1,840
31
90
90
6%
s 8187%
7
15%
66
29
76
•29% 30
•79
81
*10
15
11
15%
65% 65%
28% 29
•72
76
*29% 30
-79
80
5%
60% 60 V
*5
5%
59% 60 Si
•5
85%
35
15
•10
15
-10
11
32
67%
145
96
•92
•95
•8
42
TOL
19
•83
•31
•64
142
94
44
46
87%
95
105
12
42
103
19
90
38
Co.
pref
International Paper
pref
International Power
International Silver
11
*10
1
80
78
5
5
*5
59% 60
60
46
•85
46
92
"95
95
87%
70
8
77
.1
1,797
1,010
84
63%
90
Do
•31%
Jinll
J'lv
144% *141
61
145
94% 94%
94
i
5%
GO %
;,
•79
-5
60
•9% 11
11
'Ct
:
'i
66
1
Feb
1
1
Mat
Sep
Mar
20% Apr
5
.)
81
.!
7
91% 91%
.
'.
J'ne>5
Q(
1,900
15
-74
29%
"79
J'ne
31
81
_
Feb
34% J'ne
95% Mar
:;
Do
pref
Oepublic Iron
IVDo pref
Qlosfl-Sneffield st.
7
<fe
Iron
pref
Standard Rope A- Twine..
Tenn. Coal. Iron & BR...
Pacific Land Trust
L4% Tnion Bag <fc Paper
Texas
[
Jan
9 144
J'ne 8
2
150
.I'lyl'J
14
84% J'ne Hi
Mav 140 Fill
21% Dec 22% Dec
-
L28
Deo
Dec
37%J'n< 54 % Apr
Jan 183 Dec
76
140
Sep
Oct 131% Jan
Apr
11% J'ne
1164 Sep 201 Nov
117
21% Mav 40% Dec
70 Mav 95 Nov
10%.1'n, L8
Jan 21
2
Oet 12
Jan 21
Jan 2
Marl 4
Mayl 6
64
Mav 81
J'ly
l'.'u
Jan 200
Dec
Nov
Dec 103 Not
HL, Mai 26% Nov
58 Mar 75 Not
24 J'ne 55% Dec
3% Aug 10 'g Jan
44
92
Mav 60
Oct 12
28
Oct 16
J'ly 8
Sep 17
Apr 16
76
Dec
Dec
Sep 10
100%May31
Jan 21 89
Jan 18
Jan 21 102
22
Jan
Sep
5
7
Rubber
11% Sep L3
55% Jan 21
13,800 21% Oct 1
70% Sep 30
191-, Feb 5
65%. Ian 22
3% Mar 6
3,960
200
800
210
7,865
2.260
410
100
Viruinia-Carolina Chem..
Do pref
'V
91% 91% -91% 91% \\
1
80 J;m
96 Jan 100 Jan
6% Jan 18% May
J'ne 40% Not
79% J'ne 96 Feb
Feb
15% Aug
Aug 106% Id)
Not
Ocl
69% Oct 76% Not
112 sip 1 5 Not
Mav 3
103%Aug20
23
46
25%.T 'tii.12
i'
Fargo A: Co
est'n Union Tele'gph
ells.
24
82
Apr
1
47
57,4 19 "4
52,386 69
51
100 116
5130
2,4*80 81
.'
.1
1
1
l'.o
Not
Nov
10% .Tan
m
26
49
Oct
104
10
J'm
41-
,
J
71
Mai
lSWni
Feb
21% Dec
Feb
56%Maj 77% Feb
45 Mar 59% Dec
7% J'ne 19 .Tan
65 J'ne 79% Nov
>i
21
J'ly
44
Jan
74% Dec 104% Jan
Jan 2
Apr 30
May 9
Maj 9 101% Apr 30
<ict
•
.'04
17% Oct
59% J
2
s.c'i
,
.
2
2
Apr 8
8%J'nel3
Mai 7 76% J'ncls
19 Jan 18 t'2 Apr 20
12 Apr 12 L9%J'nel7
05 Apr
'nil
553 Jan 26 loo Aprl9
7% May 9 16% May 2
69% May 9 83% Ang28
12% Oct 4 34 .Tan 2
1
....
.
Not
lll%Apr
5S% Jan
89% Not
7% Oct
J'nel7
38% May
90 Mav
41% Apr
1
.
2 % Mar
10% Mar
8%J'ni 27% Feb
49 Aug 70% Feb
Mar20 12%May27
1
Do
r
29% Dec
7 % Dec
.May
1
3.70(1
1,400
pref
United States Express...
United States Leather
pref
United States
Do pref
149
i
j
Do
Not
J'm
85
:,
*J
7% Jan
31
.in.
'J 1
Do
Pel
J'ne
3
,
O
60
j'n.
l
May
i
76
•4% 5
60% 62
Apr
1
Jan
5% Fell 7 11
Apr 25 40
24% Jan 22 47
320
Dec
49 1.2
1
54% Jan
8
37
92
% J'm
6
Apr20
,
6% Oct
74
70
95
Sep LOO
Mai 191
12
34% Dec
Fcl.26 L04%J'ne20
8
7 153
I
27
8
l\
.lliil'll
3
Dec
Apr
Apr
.I'D'
,
-.
60%
30
9
9
3
8
Marl9
Aprl7 90
Nor
72
J'ne
200 81
93%j'nel3
100 23 Oct 3 50 Mar21
500 61% Oct 10 84 Mar21
Do pref
760 133 J'lylo 175 Apr 26
New York Air Brake
L09 J'nel8
North American Co., new
1,450 7.;'-. Peb
5. old
Oacific Mail
30% May 9 47% Jan 29 25% J'ne
L eop. Gas-L.<fc C. (Chic.) 137,717 95% Jan 21 120%j*ne21 81% Oct
52 Jan 2
Pressed Steel Car
5,220 30 Mar
7o S(
3,014 72% Mar 5 89 Apr 29
Do pref
225 Oct 17 176 J'n.
Pullman Company
1,675 195% Jan
%Aug
300
1% Apr 22 5%May31
1
5%
700
50
A pr
1
8160 Nov
99 '-2 Nov
12% Jan
13% Maris 21% Jan 2
7o Mar22 S2%j'iv 1
34 Sep 26 54% Apr 16
175 Jan 18 228 Apr 15
8% Jan 19 L4%W
41% Jan 21 136% .In. 17
116 Marl9 142%Apr29
12% Oct 23 25 '...I'li.-l 7
187 Jan 18 238 Apr 15
38% Jan 41 71%.T'ne 6
93% Jan 2124 J'nelOJ
127%Oct 10 152%Aue29
69
1
1
'-'7
Sep
Sep
Mar22
J'ly
30
69
l
:;
1
pref
15% 15%
A: steel..
66% 06%
28
28% Rubber Goods Mfg
;
.".11
91% 91%
.
J in
2
National Salt
Hi
91%
In
89%
23% Sep L3 33%J'ne25
50 24% Oct 16 101%Jllil9
1,100 183% Jan 10 269%J'ne24
13,370 37 Oct 24 65 Mav 2
1,214 93% Mar 5 107 An_' 5
14,885 18%Mavl0 28 Mar22
1,700
:*
91S2
•
1
ml 7
30%J'ly
1
Li 894
100
12
'.
91% 91%
Di
70%
Jan
Jan
S
30
Mayl 3
Sep 30
Jan
LOO
Vpi
300 L58H Oct 2J 167% Sep
276
500
Internat'l steam Pump..
Do pref
1" aclede Gas (St. Louis).
JLi Do
pref
42% 42%
-14% 16
15%
16
15
14% 14% 'It
14%
72% •70
72 Si -70
72% •70
72%
72Si •70
•89
•88
•85
90
93
91
92
90
93
92
92
12
12%
12 Si 12''-,
12% 12% 12% 12% 12% 12% 12% 12%
-81
81 Si 81%
81% 81% 31%
81% 81% 80% 81% 281% 81%
16
•15% 16
15% 15% -15
15 Si 1"
516
16
15% 15%
•50
•49
52 2 •49
52% 50
52 Si •49
52
52% •50
43 'a 43 '4
43
42% 43% 42% 43% 42% 43% 42% 43%
92 '4 92%
92 8 93
91% P2% 91% 92% 91% 92% :U% 92%
"57
«57
•57
60
60% •57
60
60% -57
60% -58
60%
•122% 123% "121% 123
•120 125
•118 125
'118 125
123 123
160 170
•160 175
'160 175
"160 175 •160 175
*1G0 175
-15
.:
16
lo
8% Apr23
Apr 22
Jan 24
112% Oct
45.
130
Sep 30
Jan 21 36
Jan 19 89
1
73
3,050
3.200
*100% 102 mDo pre!
'18% 19% National Lead
67
1
15
15
15%
66
66
66
66
65% 66
28=8 29%
28%
29
28% 29%
•73% 76
•73% 76 Si «7J% 76
-29% 30
-29% 30
•29% 30
•79
ll>
''-'•
22% May
38% Oct
310 88
26
13,110
\J Do
Do
'
11
I" c
J'm
Jin
44% Sep
21% J in
J'nel7
49% Apr 17
22%Augl3 32%.lly
100
20
3,785
99
137
77% i Do
44%
43% 44%
44% IS
44% 45%
44% 44%
105%lO0% lOOSilOS
106% 107% 106%107-V 103% 106% 101% 103%
40% 40% 40% 41
40% 40% 40% 40% 40% 40 % 40 '8 40 8
•81
83
81% 81% S2
82
81% 82% 80% 81% 81% 82
220 220
215 215
219 220
219 221
220% 220% -220 222
•4
*4
*:;%
•3%
4%
4%
4%
4%
4%
4
4
4%
•10
•15
•65
28 Si
•72
J'ne
J'ne
1
26
33
•46
•84
•91
18%
'-.In.
:;
Hep lo 136
Inel7
24% Mar 9
85 Apr 10 91% Jan 8
}169 .Ian 12 8205 Mar26
25% Oct 2 41% .Mail.',
563
4-^5
Gas A; Elec.of Bergen
21
6%
1,660
pref
259% General Electric
41% Glucose Sugar Refining..
259% *258
Jan
. Sep 25
19
67
1,100
500
.
131
1
lo
4,88(
Diamond Match
7% Distilling Co of America.
14% 14%
214 216%
115%115% 116%116
7%
7s
61 HjJ'ly
D
[i
% Dec
15
.i
l%.lan 21
83% Oct
50
3,850
300
5,400
7,200
130
29Hi
1
1
81 15
100
400
Drunsw. Dock & c. Lmp't
( Colorado Fuel <fc Iron...
pref
Col. & Hock. Coal & Iron.
Consolidated Gas (N. Y.).
s Continental Tobacco
Do pref
:to
130
115% 115%
Hi
S<
,
..
Jan 17
15
TJrooklyn Union Gas
11
94%
130
132
13% 14
217 217%
•125
7
pref
American Tel'gh<fe Cable
American Teleph & Teleg
..
•115% 116
*28
pref
Do
100
159
115% 116
130
Do
27
......
93% 95%
...... ......
132
American Locomotive...
American Malting
7
129
130
::
99% May
21
.".U.Ian 2
•14% 17 American Woolen
•74
80%
80% »
Do pref
36
36% Anaconda Copper
35% 36%
Id
•128
12% 14
218% 217
in-
1
4,025
•43% 44% Amer. Smelt'g & Kelin'g.
$97% 97%
Do pref
42 American Snuff
*84% 85H
Do pref
119% 120% American Sugar Refining
116% 116%
Do pref
..
15
92% 93%
15
.i
1
American T.inseed
25
•25
§10% 10%
11
92%
.',
l
3,060
American Express
48
"6%
6%
27
195
•17
•47
85
85Hi
212
III;
1
.-.:,
.
i
650
400
pref
27% 27% American Ice
63% 63%
Do pref
49
25 %
."1
Do
11
190
195
'-2
•25
27
*
•22
•77 Hi 78%
88 Si 90
29%
26
46
•25
44
*97
.. ......
30
257
42
100
81
30
90
81
25% 2 5 '1
84% 84% *84
-6% -6%
6%
*145
1
.1
1
Sep
84
31 'i.lli.
J'l»
21 -.1 in
J'nolO
71
1
-'1
24%
67% Jan 21 90 Sep 20
28% Jan 3 52% M
17
May 9 29% Jan 9
10', ! I,lr, 25%M»v22
9%Muy22
1
9,160
A
25% 25% American Car it Foundry
80% 80%
Do pro!
29% 29% American Cotton Oil
•88
89%
Do pref
26% 25%
•J
43%
98
42
•10
7
2' Hi
26% 27%
63% 63% *62% 64
27
88
i
May
J
6
...
%Jan
26
23% Jan
46%J'ne21
L%Jan31 22 J'ne
45 May 9 60% Mar28
2
May 9
\iar28
2.6011
(
5
11
«89
•188
6%
%
65% Jan2 105
Apr 19 L57
Ma)
dams Express
88% 89% t\ malgamated topper...
3
5
American Bicycle
87% 89%
5
11
195
>1>:>
195
•84% 85% •84% 85% •84% 85%
119% 120% 119 120% 119%121% 119% 121%
•116 117
*116
116% 116%
117
8117 117
-99
-99 100
*99 100
}99% 99% "99 100
*158 160
158% 158% -158
159% 159% •158 160
85% •84
7%
29%
89%
*S
1L
25%
80% so Si
*0
•25
43
•97
5
19
J'ne'jn
-Marl 'J
HI.
Ma.
Miscellaneous.
*185
195
:;
24% 25%
si% 84%
t
in
.1
i
20% 20%
11
192
•'•
.I'lyir,
117
168,845 76
L5.O70
.
30
36
"a
16
l>o
pref. \ ot. tr. ctis
T\\ in City Rapid Tra
Do
lo2%
ioi
1 hini
Tol. si.
Jan 29 L28%Ool
18
i
'l
1
58% Jan
i
tr. ct
:
.".7
1
May
.-,
Jan
75
208,710
i-
39
122
310
900
700
i
II HI htnt
l.i,.
20
2
pref
\
118
..
1
2d pref. v. tr. rti.-,.
w a- Adirondack...
Loots A san Fran
1
//.'-,.
7% Jan 21
2d prel
St Louis Southwest
'.'7
."i0>4
Lowest
tr. ctf».
Do
67
27
a. ImI. v.
i
i.
11
Do
26
122
77%
77
>4
34
100%
63 Si 63 Si
-16
22
*46
48
24% 24%
43% 43%
......
40%
122
7
>
&
Southern voting
20% 20%
26% 26%
OS;
*
•115 % 116
•125 132
257
27
57
J.
a
1
188
63% 63%
J
117
100
160
81
30
"145
•15
•15
16
-75
*74
3578 37
85 Si
•208 212 *205
•10
11
"10
92 % 92%
92
•128 132 •128
•16
18
16
218 218 *217
7 Hi
0,
.
11
•145
*25
fe
•118
20%
98% 100%
88% 88 Hi
19% 20
36%
20',
86H5
3
•16
•46
119% 120 Si
•
67%
.;:.
•10
25
30
26
{117
•99
•158
61%
82% 32%
86% 87
38% 38
!0]
25%
84% 85
*6
6%
*84
'..
56%
60% 61%
39
122
>v
-:;
80%
68%
Si
7s
-77
Hi
,
Ct.
ei
/.
'.j
22
43%
1
56
82 H
35
80
56 Hi
86% 86%
20
60
27
82
LI 8
60
26% 27%
si,',
1
12
27%
..!>
86 Si
10%
42%
11
i
ii'i
'1
42%
77
67
'-.
ilS5 lolSSH •180 195
•185
89% 92 '„ 68% P0% 88
•46% 49
•
o
,
Oct
1
the
k
/i
:
192
27
•25
77%
f.'.l'l
25%
26
ll'j
11
re
-
122% 122
'-
81
31
•188
27
•62
•16
80%
Hdav
/
1
-
195
92
5
11
•80
•30
:•
K\v i'ubK si
IIA.MiK
...
20% 20% M/abash
>' Do pref
86% 37
87
36
18
1 7 %
17
wheeling A Lake Erie...
17% 17%
17%
17% L7%
19
49
49'...
49
is
•4s
60
Do
50
60
sf pred
l9Hl
28% 30
•28% 30
•28
Do 26 pref
31
•28% 30
•28% 30
21
21% Wisconsin Cent. v. tr. cfs.
2 1'',
20% 2
20% 20% 20
20%
42
40% 41% 40% 41% 41
Do pref. rot tr. otfa
40% 40
40
40 %
•20 '« 21
41
41
*3
11
Oct.
Range far year J901
Rang* inr Pn
vuurtiann\
Onbatti of inns/, a.: lulu
STOCK*
'v
56%
69% cim,
82% 32%
.
•28% 30
•180
89
60
22
67%
26
99% 100%
88
88%
3(1
•97
27
101
99 e 99%
88
88
•19*8 20%
.Ml
in',
,7
27
//:/
11.
Thursday
'
88
Oct.
122%
122
'.
1
c,r,>.
84 Hi
>
«4S
1
20'.
31;
l.s
221-2
86%
101
•17%
80
28
I
.,/,,.
11,
88 h
lis 120
"20% 22
•86
•100
10%
80%
50
69 V 69%
82 1a 32%
3s
»118
S-
usiday
83
11
Oct
122'- 122",
41%
*77
/
>i
Oct 21
16
•10% 12
160% 60%
•2
l/n./i l.sr A \/> /.oil
S
(Vol. LXXI1I.
85
55
... ....
J'lyl2 72 Mai 30
Apr 20 125 Aug30
Jan 11 170 Sep 3 120 J'ne 140 T><C
Jan2lll00%May 61 77'sJ'ne 88^ Jan
i
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
HEW YORK
Bid
CITY
Varick
250
Washingt'nl 200
^West Side!
600
11
Bid Ask
Banks
BROOKLYN
Ask 8th WardU ..
85
110
5th Avennet 100
Banks
Bid
Ask
BROOKLYX
17th Ward"
.
Bprague
26th Wardl
125
200
140
140
105
213
Trust Co's Bid Ask
C'IR'tyB&Tr 500 550
Central Tr'st 1850 1950
City Trust... 350
I
Trust Co's Bid Ask
MortonlTust, 1150 1250
N YLifecv.Tr 1250
NYSecATr 950
North Amer. 2 35 245
Real ErtTr't 350
StanuaruTFt 385
Tr Co of Am 265 275'
Union Trust 1300
Trust Co's
BROOKLYN
Brooklyn Tr
Flatbnsh
Franklin
Hamilton
Kings Co
I, I si LitTr.
Manufactrs.
Nassau
Bid
425
170
290
Ask
. .
...,
375
....
Unionll
Continental 430
160
310
302
Western
Wallaboutlj
+615%
300
Farm Do&Tr 1400 isoo
"
410
Torkvillell .. 240
1050
Fifth Ave Tr
t276
Guaranty Tr 685"
725""
465"
!.'.".
320
USMte&Tr
Trust Cos.
Knick 'rb'k'r 700
BROOKLYN
1211 220
Unit States 1675
Manhattan .. 450
N. Y. CITY
350
People's
--•
BedfordU .... 225
Washington! 410
Mercantile .. 950
Broadwaylj
llWilliamsb'g. 215%
Atlantic Tr.. 285 295
250
Merchants'.. 325
Brooklyn^] .. 120
People's!!
Bowl'gGreen 185 195
Metropolitan 500
201%
* Bill ami asked prices: 111 sales
were mule on this iliy. * L-sstiim LOO Shares.
t Ex rights.
A Banks marked with a paragraph ('|> are State banks.
t Sale at Stock Exchange or at auction this week.
's Trust Co. certificates.
.
295
Kings Co1J... 130
Manufactrs'. 285
'Mechanicsl]
215
Mech & Tral 270
Merchants'.. 100
Nassau
350
Nat City
290
North Sideli 175
First
.
- -
.
Colonial
1
.
-
t
Stock Exchange— Bond Record, Friday, Weekly and Yearly
New York
<M'«
U'l
i
I
.
i
January
-'.>
Oct,
/;«i
\J
B 3a eonaol registered. rflOSO
V
fcl»18
la regiatered
fcl918
6 3a coupon
8 3'a reg amaii bonds..* L918
8 Saoouamall bonds.. fcl918
/iioo.
U S la registered
'<
901
a coupon
925
8
4m
V
registered
1926
8 4s coupon
V B 5a registered
1904
V S 5» coupon
1904 <4-F
i
-
I
U
s
of
Mexloo
snue
Alabama
Webb
1
llnjlt
iii7'-i
108 H 107
108^
i"'."i
i
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112
112
107 M
108
i
in
I
a
12
112
112
l
re pi
L10
nrt
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ten u h the
1
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'JOG
1
96
i
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tos^a 108
L06 Aug'98
108 >9.
Small ....................
Cass B5s
ssC4s
1906
iilfi-j!
lOOVOol
iaou
L920
L08
109
136
107
I03"a Mai'oi
109 Aug'Ol
I2G
128
Lug ol
1(19'-; i-, 6*99
•
Currency funding 4a
Dlst of Oolumbla 365a
L924
Louisiana in w consol 4s.. 191-1
Small
Missouri funding
L89 1996
North Carolina consul 4s. 1910
small
1919
So Carolina 4 ks 30-40?!!!! L933
Tcnn now settlement 3s.. L918
Small
Virginia fund debt 2-3s... i'jyi
Registered
6s deterred ecrtts
Bali
11
v
07'i
X.
I"
$5
108
109'..
'00
102
109
10:1'..
109
136
109
5
106
Oct
120
95
96S.
10.V;
105
'01
vo'i
Mar'OO
135'" is*6>9
Yxii'C j'iv
1
96ia
U6S.
93>a
09'',
91
'.'G'p
Aug'Ol
7
10'j
Kiuli'iiiiil
Alabama Cent See So Ry
labs Mull see sav i!'U &
Albany & Susq see Del <fc Hud
w
Allegheny Valley ScePenii Kit
Alleg <fc West See Bull R co 1'
See Cent ul A J
Ann Arbor 1st g 4s
/il995
Atcli I & S Ee geu g 4s. ..1995
Registered
1996
Adjustment g 4s
ftl996
Registered
A1995
Stamped
A 1995
Equip tr series A g 5s.. .1902
Chic Ai St Louis 1st Gs..l915
Atl Knox £ Nor 1st g 5s. .1940
Atlanta & Danv See South Ry
Atlanta Aj Yadk See South By
Austin
W &e« Sou Paolhc
Creek it S See M ion Cent
Bat
alt & Ohio prior s 3 ks. 1 925
Registered
hl925
Gold 4s
h.1948
Am Dock & Im
Q-J
A-O
A-O
96 h. Sale
103 Sale
97 >a Sale
Nov
Nov
96k
96*4 10 95
101
10H' 8 285 10178 105'.,
J
101 "4
10Y
8 ior<4 104
97*4
98 232 86S4 99
95 May'Ol
95
94
95 '4
95 3, L18 90
96 84
102 78
.i
-\o\
'"95*4 "95*34
J-J
MS
ID
106
May'Ol
108
96^ Sale
Registered
Div
1st g
Registered
Southw
1)1
v 1st
MS
3ksl925
.M-N
Registered
Muuon Kiv
1st
1st
pl9S O-I
g 3 a s.. .1925 -J
'
.1
/tl926 Q-J
gu g 6a.. 1919
FA
Ceo uiuo it
oglks..l930 U-8
Beech Creek See H V C <k H
Bellev
it
Car See
Illinois Cenl
i-'l
let g 6B...1921
Consol 1st g Gs
&
1922
see Erie
Buffalo
southwest
Bullalo A; Susqu 1st g 5s. .191
Registered
1913
;;
F-A
JO
A-O
A-O
Bur Cedar K
No 1st 5s. 1906 J-L
Con 1st & col trust g 6s.. 1934 A-O
Registered
L934 A-O
C R 1 a. .v W lat guoa.
A-O
M & St L 1st gu g .8....1927 J-JJ
cV-
!•
Cianada souih lal da...
J-J
1913 M-S
'2d 5s
gistered
M-S
A; Shawu
See 111 Cenl
Carolina Cent SeeSeab& Kuan
Carthage & Ad See N V C & 11
Curb
Ced u la f
See u c it & ;s
Cen ISrauch U P 1st g 4s... 194s. J -I)
Cen Itraneh Ry See Mu i'au
Central Uliio See Bain dt Ohio
Cen It It A; Bol da ool g 5s 1937 M-N
Cent ot ua Hit lsl g 5a..pl945 ir-A
tt a'
Registered
Consol gold 5s
Registered
pl945
income g 5s
pl9 15
3d pret Income g 5s
pl945
3d prel lueome g 5s
pi 945
Mae Ac Nor Div 1st g 5s.l9 16
Registered
7
8
88
1
111. Q Cod Scon gug 5a. 19 11 m-:n
Bklyn Uu El 1st g 4-6a. 1950 F-A
Kings Co El 1st g 4s
19 19 I'-A
-Nassau Elec gu g 4s
951 J-J
Bway&7thAvistcg5s
Registered
19
1
I
-C
r-c
Aug'Ol
I
mi
>e
'.
1
mi
LOO
t
'••
"
L02k
.
mi
102
:04
lit
115%
L02
102°b
1
io3\
o'i)7B
:
"!!::
11.
L09
Lug
100"b-I
k
k
07
lo..',
UL'sllL", 112
IIO'h....
120
'il
11
110
i
...
L09k
1
...
ion",
100k
13'<
123 k...
113 ....
;i
115
126k
114k
115s
113
117
189
180
192 k
183
180
190
194
Oct
U3
n.;>-
114k ne^ 115k
189
iss
Sale
189
172kA]n oo
Oct
188
183
188
L88k
113^115
110k
113kO.
11 6k
lis
1921
I&
124
'01
!2 4
:
:,
1910
1916
1924
1910
1910
1908
Oct 01
120
,
120
Pac DivOs
111
120
10 lao 128k
115
1123.1 Seji o|
112
112'4...,
13G>4 ...
L35 140
136k 13G'._
111.
127
115
122 k 123't, i23'i r.i'-.
Ua An- on
120 "a Oct '01
112 4l25
121 ^8
...
120
lia
'oi
188k
01
l
I17 a4
117",
U9'8 Oct
lis
1
L17kOot
'ol
...
I
113
137kJ'ly'90
J-J
IIO'b
113
I'-l'i
LOk Max
188
L85
net
Ol
'01
U7kll9
L17kOc1
'oi
U6i4 120
116kOct
115>4
116
lis
116
1
lis
I19 4
139
l
108
J'ly'OJ
U8
34
126k
L85
...
...
I17kll9
los
110k
14k H9k
113 117k
'oi
iss
1
life's
120
J'ly'OI
116
119k
Sep '01
Oct '01
oct '01
n if. Mos
142
109k
Ul
L13kllt> 8<
1
.
L07k May'Ol
ibiD*"
110
Aug'Ol
L08
Oct ol
ili"
i,
i
1
10k
07k
1103,
L08
.
08%
U7k
114 34
114 114
'..I
114
114
•ict '01
121
123
May'Ol
122
iask
k
os
108k 112
I
J'ly'OI
Ooi 'oo
111
lllkHOk
...
108%
116
119
L6kl22
11014110k
Mar'OO
Oct '01
Nov'98
107
111
103
12214
16
...
US
108k.
106
1
L04 34 J'ly'OI
.117
114k
ii 120^
Oct 01
llo
ll)5 58
'-115k
116kl21
...
123".!
116
1
...
123k
U7»8
1
"1
'01
133
no
1
Oct
16 •-
l
J-J
113k
I
110
111
110'a
105kFeb'98
J-J
"110
(
«
.
110k.
1
lo
.
4a
125k
;
Sale
liiG-i
in:. -.
1
*
"iih Saw"
71
26 >a -S
14
16 "a
105
28
ibe"
!!!!!!
105
1:10
1
1
'4
-
131 h
128>a
'-2
15 ij
95
102
106
104 34
97 k 108 34
10S
Sep
1
o
.
,
1
28
Oot'03
20
se'a
8
21
137
125'i
\iu'01
139k.
.
1
10
113
128
128k
Dec '99
lOf'i 108
.riN -oi
137 «a
137
12 127
127
J'ly'OI
105
iiT 116"
102
102 k
101
no
'
100' 2 Sale
91
Sale
1
101M
Jan '99
21
102'loo'i
1H2-
BO
95
KeokcS Des
Is
Id 1st 5s.
st
'
102" 102
Met
WS
Minn
J'nc'00
lo'ik
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Ry a L 30
St
5s.
IS
1
i
1
.32
k
6<
i
1O8
99 7d
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M2k
Vug'Ol
'4
i
inn,
iov,
13 1'4 148
139 '„
140
i2*s" L30" ,12s
1993 M-S
uu
g ..^ L993
El (Chic) lsl g la. 1936
lal
Ry
lat
\
r 58.1926 F \
con - 58.. L91! J-J
con g 5a. L931 J-J
140
Mar'Ol
140 k
140
139
'
L7k 122 k
is", 122',
'ah
...
riiiiu Ave lsi gold 5a
lsi con guai La
Onion El u Ihio) Lat g 5a.
V\ Chic si in. yi- isi cur58.192S
(•u» and Electric t.igbi
Atlanta G 1. Co lsl g 58...19
Bos U Gas tr ctfa 8 f
Bklyn I .as si oou
i
i
:
d Due Apr
Si
122
J-J
I
l
e Due May gDueJ'm
I"
-J
J-J
VC
.VI
p'01
'
106
111%
123"
iVo"
ill'-112k
l'fo"
A.pr'01
Ul
26
.23 k
L03*a
123 k 120
i
Paul City
Guaranty .i gold 5s.
'
MS
FA
40-year eonaol gold 5s... L93(
109" Mar'98
119 "salV" 119
119'.,
121
I2Ri Oct '0
118
LSlk
Sep ".
Railway
Lex Av a r e
Mil Kl
98
88
102
113
107k
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Apr'01
Sep '01
a
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O Sec 111 Cent
cine st la- Pitts SeePennCo
Cliic St P M A
con 6s.. .1930 J-D
Cll St P A Minn 1st g6S 1918 M-N
Nor Wisconsin 1st 6s.. .1930 J-J
St PA: S City 1st g 6s.. .1919, A-o
By
Continv
Col&OthAvlst gu g
91
1905 J.J
43k
.43
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chic
LOSk 110k Met
hhi,
1
'01
BONUS—Continued on Next Page.
Lii" lii"
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Sep
Sep 01
Extension
Street
104
106 3
L41k
Sell 'ul
.
'141
104 k.
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1905
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Oct '00
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84 "a
72
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102
01 l4
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& Sou assu g 6s
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1st. 5s
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no
City
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i
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Par
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Den Con Tr Co let g 08... 1933 \.-0
Den Tram Co con g 6a 1910 J -J
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Det cit st Ry is, con gos. 1906 J-J
86
!
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MISCELLANEOUS
Street Kuiluuy
Brooklyn Rap Tr g as
1945 A-O
Atl Av Bklyn imp g 5s.. 1931 J-J
lik City 1st con 5a. 1916, 9
J-J
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i
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104
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J-J
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1946 J-J
Cent ot A J 1st euiisol 7s. 1902 M-N
General gold 5s
198 J-J
1
1
,
104
J-J
Lacrosse <fe D 1st 5s. ...1919 J-J
Mineral Point Div 5s. ...1910 J-J
1910 J-J
89 \ 90
89 k
90 210 88«8 93
So Minn Div 1st 6s
Southwest Div 1st 6s. ...1909 -J
90V.T'ue'01
90 Si 91
111 May'00
Wis* Minn Div g5s.... 1921 J-J
118
111 J'ne'99
Mil & No 1st M L 6s.. ..1910 J-D
1913 J-L
1st consol 6s
Chic & N'west consol 7s. .19 5 Q-F
1902 J-D
Gold 7s
190: J-D
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Extension 4s
1886-1926 K-A
Registered
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118
118^2 118^2
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115 11S 34
1987 M-N
/119S.7 (j-lRegistered
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A-O
103 Apr'97
Registered
1879-19
Oct '01
127 '8
127
Sinking fund 5a. ..1879-1929 A-O
127 130'4
120*4.
Registered
128 Oct '01
128 131
1879-1929 A-O
Debenture 5s
190S .11.1909 M-N
100 Nov'99
Registered
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104'-j 10- '(
it. gistered
106
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....
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121
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L22'aSep 0]
....
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117
Nov'00
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1983 M-N
'00
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.Minn
113'ai"
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Milw & Madison 1st 6S..1905 M-S
North Illinois 1st 5s
i'06»4 107
iof"" ""iof^i 12 111.".'- 109
1910
111
109 's II L07
106'allOH, 109
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a
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l"
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107 A
...
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Pet 2d7s..l907 M-N
L06 4
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Ashland Div lal g 6a. .1925 M-fe
Mich Div 1st giis
1924 J-J
91ia
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1907 F-A
91 Aug'Ol
91
95
M-N
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i;i|
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'01
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10
Oct
....
191
106 L08
96 I03«a
119
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L20'aMar'01
120Hl
1988
107
1945 M-N
uur, M-N
lsl prel
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ll)2
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MS
108
108
97 207 94Vj
95 >2
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102
8
H; 273
99
101 '4 Sep '01
101 '4
Sale 10534
108% 719 100 '-j
89 "s
89 s4 li 87 'a
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.1
J
1
Boone Bridge 6'eeMc K&'H
Bklyn As Montauk See Long 1
Bruus <fc West See sav
A; W
Bullalo .N Y & Erie .see Erie
Buffalo B<& P geu g 6a.. .1937 -\I-S
Debenture 6s
1:117 J-J
AUA; West latg 4s gu.. 1998 A-O
ci & Man 1st gu g 5s
19 L3 J-J
Roeli&Pius
\
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11)11
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PJuu & M
93
102
J
I
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A-O
-
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J
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tal ku a;4e i" \1 N
fund 6a.. 1903 M-.N
1949 A-O
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Miss Kiv B lsl s g (Is.. 1912 A O
Railway 1st lien 3'-s... 1950 .l-J
191
Registered
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1901lA-O
Sinking fund 6a
1905 FA
ClucA; Iowa DlV 58
1922 FA
Denver Div 4a
1919 J-J
Illinois DlV 3'-s
91 9 A-O
sink
fund
5s..
Iowa Div
1919 A-O
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Nebraska Extension 4s. 192, M-N
927 M N
Registered
1921 M-S
Soul h western Div 4s
Joint bonds .Set C rea North
1913 M-N
Debenture 5s
Han & St Jos consol 6S..1911
1907 J-D
1st
111
s
cur
6s.
t
Chic A; E
1934 A-O
1st consul g 6s
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1937 M-N
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Chicago & Krie See Erie
Chic In efc Louisv ref 6s. ..1947
1947
Refunding gold 5s
Louisv N A &Ch 1st 63.1910
Chic Milwaukee <& St Paul—
M<fc StPlst7s$gRD.1902 J-J
1902 J-J
1st 7s £goldRD
1903 J-J
7s
1st C &
chic Mil & St Peon 7s. .1905 J-J
1914 J-J
Terminal gold 5s
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«1989 O-J
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1
121
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t
96^
k
117
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..1989
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-11
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Bond KeCOrd— Continued -Page 2
888
BONDS
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1871-1901
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1!H £
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191E
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1923
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192
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l
7
Registered
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Registered
1906
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1906
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1906
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Registered
1921
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Denv A R Grist con g 4s. 1930
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1936
. .
m
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82
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151
102
91
113
151
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1st consol g fund 7s
Erie 1st con g 4s prior.. 1991
Registered
1996 J-.l
gen lien s4s.. 1991 J-J
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1996 J-J
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1953 FA
116
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gold 68
Buff & S
1908
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Long Dock consul s 6s.. 935
CoalA RK 1st cur su 6s. lie.".
Dock A Imp 1st cdr68..191i
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MidRRofN.T 1st mis. 1910
N Y Sus A 1st ret 5s. 1 93
2d gold 4<os
193
General gold 5s
1940
Terminal 1st gold 5s. ..1943
Regis $5,000 each... 194:
Wilk A Ea 1st gu g5s.l942
Erie A Pitts See Penn Co
Eureka Springs 1st g 6s. .1933
W
1
W
US'- Jan
'01
118
113
120 7sApr'iH
llsi4
123*4 Mar'01
107 J'ly'Ol
.J'ly'Ol
87^
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94*8
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96
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102
85
110
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1
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115
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115
111
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Oct '01
llSVT'ne'Ol
94
inn
110
1st consul 6s. ..1921
F-A
J-J
123
1942
1st general gold 5s
1st gold 6s.. 1923
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A-O
A-O
A-O
65 Nov'97
123 '4 123i4
109 Aug'01
MX
125
Ind 1st con gug6s..l92ti J-J
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107V
107V111V
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107
....
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M-S
J-D
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A-O
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108
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102
103V 09%
101
'01
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113VMar'00
Aug'01
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102VApr"J8
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105V
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... 102
27 102
102*4 Oct '01
100V103
May'99
123
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'01
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Nov'98
Oct '01
Sep '01
101*4 Oct '01
124
90
128
124
128
91
ibi%i'o2%
Nov'00
113% Sep
113%.
106
102
106
•
Oct '01
105% 106
98 Jan '00
102
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104
129 V
I
'01
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101%
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107U
105
107
ib2VNov'b6
I
J-J
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J-J
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99"8 Oct
100
99*« 99%
124 128
'01
M-N 126*4 Sale 126*4 127 V
M-S 101 Sale 100V 101
80 Aug'01
78
M-S
J-D 118 .... 117 34 Oct '01
A Wist g 5s.. 1937
Erie
North Ohio
J-J
1941 J-J
1st
gu g
5s..
AN
66%
68 V
68
96
65
115*4 118
46
68V
63*4 Oct '00
66V 72V
A-O
Unified gold 4s
Debenture gold 5s
Bklyn A Mont 1st g
6s.. 1911
1911
1st 5s
N Y B A M B 1st con s 5s 935
N Y" A R B 1st g 58
1927
1
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101
120
102
100 V 102
103
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98
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MS
A-O
M-S
M-N
A-O
M-S
J-D
Lexgold4Vs...l931 M-N
1931
Coll trust sold 5a
Coll trust 5-20 g 48.1903-1918
Cecilian Branch 7s
1907
Nash 1st s 6s. ...1919
E
HA
Ids'-, 111
114VHSV
V Sep
109
109
95"
ibb'
'99
103
109
113
121
102 V Oct '01
105 J'ue'01
100 Oct '00
98 V
98 V
95 Feb'01
100
102
12
109 '•> J'ne'01
107 Jan'99
105 Mnv'00
113
11934 11934
114 Sep '01
101 ! 4
101 34
123
1
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105
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97
95
95
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112
111
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1
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99
Sale
99 \
114V
99U 104%
110 V 114%
99 102
114
114
99V
106
116
103
130
1930 J-J
1st gold 6s
J'ly'Ol
121
M-S
MX
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110V110V
108'4lll%
96 V J'ne'01
M-S
M-S
A-O
A-O
115V
10 V Oct '01
10834 1083i
117 V 118 V
1 09 V Oct '99
109 J'ne'01
1
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24 V
119 V
HOVMay'Ol
J-J
Nor Sh B 1 st con g gn 5s ol 932 Q-J
Louisv A Nashv sen g 68.193(1 J-D
Gold 5s
1937
Unified gold 4s
1940 J-J
Registered
19 11 J-J
111
117
110
....
118V- ...
M-X
M-X
Q-J
Q-J
1938 J-D
1922 M-S
1932 J D
1949 M-S
1934 J-D
General gold 4s
Perry gold 4 Vs
Gold 4s
126
121V 121V
llSVOct '01
110VH4V UOVOct'Ol
121
See Erie
99V
Dec 'On
116
Apr'01
Jan'98
116
1*30 " i'363"
J'ly'Ol
on Next 1'nse.
Liirlit
Newark Cons Gas con g 5s L948 J-D
N Y G E L H A P - 5s.. .194 J-D 114 115*4 5 Oct '01 ....1084*116
Purchase money g 48.. .1949 F-A
98%
97 Sale
97
96%
Ed El 111 1st eonv g 5S..1910 Ms 106% 108 106% 106V 2 105 1i'9V
103
106
1st consol gold 58
J-J
120
F-A
M-S
M-N
1904 J-D
19J:_; A-O
1947 M-S
100
1
'.''•."'
NYAQB1 LAP 1 st con g 5s
Paterson A P G A E g 5s. 949
118V118V PeoGas A C 1st gn g 68..1904
118V119V 118V Oct '01
62
.
61V
63
10
185 V Apr II
107 34 Dec '00
'1
121V
Ed El IlBknlsicong4sl939 J-J
96
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Mut Fnel Gas Co See Peop Gas
latest bid
J-D
J-D
84
107
Oct
121
102<j 102
1-.
Apr'01
121
102
V J'ne'01
12134
V 101
1
Kings Co El LA Pg 5s... 1937 A-O
Purchase money 6s
1997 A-O
No price Friday;
J-I)
10S7
1 1
'
I'
r
108*4
LAN
118«8
119
94
U5VH5V
'01
Aug'01
114
101
Kentucky Cent See
Keok A Des Mo See C R I A P
Knoxville A Ohio See So Ry
(its and Electric
N YGAELH A
EqG LN Ylstcon g5s..l932
Eq G A Fuel See P G A C Co
Gas A ElecBergCoc « 5s. 1949
Gen ElecCodeb s 5s
1922
Gr Rap G L Co 1st g 5s...l91.
K C Mo Gas Co 1st g 5s. ..1922
104
City Sou 1st gold 3s. . 1950 A-O
Registered
1950 A-O
Kansas Mid See St L A S K
123
108
140
Gas and Electric l.iirlit
Ch G L A C Co See P G A C Co
See
101
Kan
MISCELLANEOUS BONDS—Continued
111
A-O
A-O
M-N
M-N
J-D
1st con g5s.ft.1931
1st consol gold 4s
ft.1931
US V 121
Columbus Gas 1st g 5s
1932 J-J
Con Gas Co See P G A C Co
Detroit City Gas g 6a
1923 J-.l
Det Gas Co con 1st g 5s... 191s F-A
EdEIIllBkn SeeKCoELAP
MS
MS
98 V
106 s4
A
M
A
K C A M R A B 1st gu g 5s. 1929 A-O
Kan C A Pacilic See M K A T
1
118VAug'01
F-A
CCC A
W
&
1
118
115
114
mvus'a
l'.i.'il
1951
Registered
1951
Memph Div 1st g 4s. ..1951
Registered
1951
St L Sou 1st gug48
1931
Ind Bl & West See
St
Ind Dec
1st g 5s
1935
1st cuar gold 5s
193."
Ind 111 & la 1st g 4s
1950
Int& Great Nor 1st g 6s. .1919
2d gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 5s.. 1938
Jefferson RR See Erie
A G R See L S & S
Kal
an
Mich See Tol A O C
1945
LShoAMichS See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Registered 5s
99
112V112V
Leh Val N Y lstgu g4 Vs. 1940
Registered
1940
118V 119V Leh VTer Ry 1st gu g 5s. 1941
120*8 121
Registered
1941
Leh V Coal Co lstgu g 58.1983
111
118
12334 124
Registered
1933
107 107
Leh A N Y 1st guarg4s..l946
194."
3 39
Registered
13 V
13514 135V
E1C
1st gist pf 6s. 1914
132 95 V 101 4
Gold guar 5s
1914
Leh A Hud R See Cent of N J
99
99
140 82 4 91
Leh A Wilkesb .See Cent of N J
Leroy A Caney Val See Mo P
J-J
FA
67
ll'i
106V 107
1961 J-J
1951 J-J
1951 J-J
1951
1961
2d gold 5s
116
105
137
109 "a.
Ed E
CB
LA NO
116
123 V Oct '01
107 Sep '01
137VA.ug'01
J-J
11
2S
98 V Sale
A
Registered
Lake
112
122>2
105
134 l 2
Ill
J-D
Sull
111
M-X
A-o
A-O
M-X
109
11634 115
119
94
107 V
108
98V Nov'Cl
99 V J an '00
J-J
-
3Vs
92V 96V Long Dock
136V 136V Long Island
107
115
Mt Vernon
in
<
Gold3Vs
J-J
M-X
A-O
M
106
W
1st
136VOct'01
M-N
EvATH
108
107
Feh '98
110
139^142 140
135^ May'01
"99" Sale' 98 Hi
99
J-J
104V
10834 111
'01
112VApr'01
1
61 100
91 's
113V
107' 8
112 V
153^
Oct
111
110V111V
151
J'ly'Ol
4
150
117
1503,
'01
'01
M-X
121
10
Feb '01
111
92
149
Oct
Jan
92
116
1920 A-O
1928 J-D
1920 MS
920 MS
145V 147 V
116
112
116
MS
Ms
11778 117 78
J'ne'01
J-J
J-J
J-J
194 M-X
1919
1921
133V 136V
118'., 119V
104^1 0414
'Hi
(.'
Erie 1st ext gold 48
2d ext gold 5s
3d ext gold 4 '-28
4th ext gold 5s
5th ext gold 4s
140 V
Aug'01
Oct
105
107
1033, Oct '01
105
A O
J-J
J-J
Midland DivregSs
1921 F-A
St Louis Uiv gold 38.... 1951 J-J
Registered
1951 J-J
Gold SVs
1951 J-J
Registered
1961 J-J
Spring Div 1st g3Vs...l961 J-J
Western Lines 1st g 4s.. 1951 F-A
Registered
1961 F-A
BellevACax 1st 6s
1923 J-D
Carb & Shaw 1st g4s... 1982 MS
Chic St
g 5s. ..1951 J-D
136V140
V 104 V
147>-jMaN'01
149
116
122
111
112
152
113%.
W
A Atl g 5s. .1937
IT'astof Minn SfeStPM&M
liast Ten Va A Ga See So R v
Elgin Jol A East 1st g 5s. 1941
Eliz Lex A B San .see
AO
Elm Cort A No See Leh A N Y
By
niirier
st
See
Jo Bee
onsatonlc Sec S
•
s
1.
.
Registered
Coll Trust gold 48
1952
Registered
1952
L N O A Tex gold 4s. ...1953
Registered
1953
Cairo Bridge gold 4s
I960
Louisville Div gold :; Vs. 95S
Registered
1963
loi
104 1 4 Sep '01
117 78 May'01
115V.
A-O
F-A
M S
M-S
A-O
A-O
A-O
A-O
Des Moi A Ft D fteCR&lP
Des M A Minn See Ch A N
Des Moi Un Ry 1st g 5s. .1917 M-N 107
Det M A Tol See L S A M So
Det A Mack 1st lien g 48.1995 J-D
98
Gold 4s
1995 J-D
91
DulA Iron Range lstos.. 193" A-O 113
Registered
1937 A-O
1911
WAS 1st g 5s.. .1928
See st
Registered
1203, 123 V
lKli.. J'ly '01
J-J *10256 l03 14 102>a 103
111 J'ne'01
J-J 108 34 ....
Improvement gold 5s... 1928 J-D lll^.... 113 Sep '01
Rio Gr So gu See Rio Gr So
Den A S West gen s f g 5s 1 929 J-D
93^ 93^ Oct '01
2d 6s
DulRert
Dul So Shore
Sale
Sale
108
86
1
Del Lack A Western 7s... 1 hot
Morris A Kssex 1st 7s. 1 ill M-N
7s
Term
Nor—C BAQcoll h
1st gold
I
'I
A O
W
129V 130V
47
9
Sep 00
ol946 J-J
5s. .1929 J-J
Registered
80' a
'
100
102
.1
ID
V N II A: II
consolg4Vs. 1999 J-J
199' J-J
Registered
Col A 11 V 1st ext g 4s.. 1948 A-O
Houst K <fc
Tex See so Pac
Houst A Tex Ceo See 80 PaoCo
Illinois Central 1st g 48.. 1951 J-J
g 48.1943 A-O
. .
i
I
1
Hock Val
W
I'as
s \ See Ho
1882 -1 5a 1913
-t pi g 5a. ..1946
ol
Han &
(>-J
ss%Sale
J
1928 J-J
1st gold 3s sterling
81 V Sale
81
il,i,K
J
943 J-J
1911
1921
la
::
Ac Low
,
11 a- 11
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L31>a J'ly'Ol
74
•-'
Jliyh
1
129VMay'01
FA
A Gt So Sec C -M A St
Dak
alias A Waco See M K A
'al liar A-
»ai
1st
'.-
.i
99
73
115
J
1
Low
I-
J.J
W
BloOr
A.I-
or
'
99
Ga Car A No 1st eu
KM't Georgia Pacific See So Ry
102
105*8 Gila v G& Xor Bee Bo
Gouv & Oswegal Bee N Y Cenl
ibo" i'0'6"' (irand Bap A Ind See P< nnCo
104
A-O
Q
A-O
Col Midland 1st g 3-4S....1947 J-J
1st gold 4a
1947 J-J
A son 1st g 4s.. .1929
Colnm A Greonv See So Ry
Col A Hock Val .Sec Hock Val
Col Conn A Term See N A
ButtN
Hi:.',
106
133
j
j
St
../.'.
Banyt
9K>,
3ep'01
H5VOct
A
mi
99
'01
j
Penn Co
Colorado
A
101
104
105 V....
ClevA .Marietta See I'l'tin III!
OlevA Mahon Val g 5s.. .193 J.J
Registered
So BteCh M
Pere U 6e<
Pen let gi
lint As
c;t
1930 O.J
/.
25
r,
*.
Fi w,fe
i
Registered
fin s A «'l con si g 5s.. 1928
cS
oonsol 7s
1914
Consul sink fund 7s. ...l9l
General consul gold 6a. 93
Registered
1934
1st, pret 48.1940
Intl 111 A
1st lit 5s... (21938
O Iml A
l'eo <V Bast 1st eon |s...l9|i
Income 4s
1990
CI Lor A Wit eon 1st a 58.1933
CCC
Bale
103
11
In
Hid
1
/
y
1st g 4a. .1940
in v 1st g Is.. .1940 J-J
oonsol Us. .1920 M-X
181 gold Is
Oct 26
I..M.I:.'.
Ga a Ala By
.
L99I
IK
1st land
( 'ollsol gold
.".s
si t l< Co 1st tr 4Va.
II
.V Den C lsi k6b....
J'ly'Ol
114
I
Friday
1 It) '1
P
<J
Col i>iv
W W Val
si
Ev A
117
\\
11
BTOCK EXCHANGE
1,'argo
lo7'.| 107',
'in
Ocl '99
193SI J-J
gold Ls
1,1 g is. linn J-J
ri'.iii M
Ir g Is
N
Lai
i
Conn
98
Kill
In.. 1998 J
Cin \v A M >i v
St 1. Kiv I Stool
Registered
OlevA
JI11/I1
92
Bee
Cairo Div
C
Low
94
1.
i,
BAG
Clearfield
OOC«S
1
Hian
in?'. J'ly'Ol
i'u"
N. Y.
94
.1
i
Sin
lan uary
1.0x0
1
I
ROM)-
Unnqe
./.'.»
86
'
Cm A consul B 7m... 1906 \o
2d gold 4V8
J.J
cm A 1st gu g 5s.. .194 M-N
C st <t
Set CCC A 81
II
.
or
Sale
Bfg6s.. 19111 M N
'/I 98!
q w 'lie's
Ity 58
D
OhloA West Mich
CllOC
11
Jin mi'
J-'riilnu
i.
Ending OCT. 28
K
i
i
OhloA West
i
Price
BTOCK EXCHANG
N. Y.
[Vol. LXXIII.
Sale
124
96
110
and asked this week,
Oct '01
Oct '01
110
2d guar sold 68
1st con gold 6s
61V 102V
155 185V
124
96
107
Refund ins gold 5s
ChG-LACkelst
gn g58 1937 J-J '111
1
110
Utica
E LA P
1st s f g 5s.
col tr g 5s
Due Jan
d Dne Apr
e
Due May K Due
J'ly
1950 J-J
1933 M-X
k Due
Aug
J'lv'00
102
120
102% J'ne'01
Con G Coof Chlstgug5s.'36 J-D 107 111
Eq G A FChlst su g6s.l905 J-J *1U4*4 107
120*1
Mu Fuel Gas 1st su s 5s. 194 M-N
106
Trenton G A El Is; g 58. .1949 M-S
96
Western Gas Co
a
107
124VJ'ne'01
106 Dec '98
111
111
108 J'ne'01
104 Oct 'Ol
IO534 Oct '01
109 Feb'01
107 V Jan
Due Oct
9
'01
Due Dec
108
04 V
126
'^1
111
104% 110
102 104V
102
109
..
s
106
109
107V107V.
Option sale
October
Bond Hecord—Continued— Page 8
26, 1901.]
BUM>8
BTOCK
K. V
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BK
I
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N
sink
I
.v
.
i
.
i;ii!i|
1st g
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Coal
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8 A
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g
Lai
lis
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.v., N
\v Colonli
MoK'pt A B
M
Mich Cent
Mid ot N J
s
8t
102»4 103
. .
1
&
2d
Bee st P
1st g 4s... 1090
gold 4s
grl990
Tex
let ext gold 5s
i
Lbo'Too"
102»j
116 a4
96^
32
103
\UK
ID
.
1154
83 4 26
81 120
HI
20
83
30
20
AO
119
J-D
M-N
M-S
121
4 Sale 1214
103°8 Sale
103
103 «8
98
98
Oct '01
Apr'01
'
95
99 3j Sale
997,
994
79 a4 Sale
794
80
102 4
104 ?8 Oct '01
100-\Not'99
99 ...
98 Sep '01
103 4105 4 105
IOC
105
1034J'ly'01
90
91
904J'ly'01
J-D
F-A
1074...
FA
no
110
116
38"
27
114 ...
1254...
1254
126<%
1044...
104 4
105 1
1064.
106 4 Oct '01
89
100
105
115
115
.
Oct '01
Mav'Ol
Aug'01
115
H6I4 116
1-
116 4J'ne'0l
914
92 4
108
H04J'iy'00
130
30
1134119
101
XYC4H
<fe
130
125 Aug'01
93 4 Sep '01
94 Sep '01
1144 114 4
ctfs
g 5s. .194
8t L<fc Cairo gu g 4s
1931
99
99
O
& StE I8t7s.l913
Nash Flor & Shef See E
N
New H & D See NVN1I4H
N J June R R See N Y Cent
New & Cin Bdge See Peun Co
N O & N E prior lien g 6s »191
N YBkln& Man Bch See L 6I
NY Cent & H R 1st 7s.. .1903
328
112
J-J
AO
W&
4
23
984
34 4
190.1
Registered
1905
Lake Shore coll g 34s. ..199s
Registered
p.
Mich Cent collg34s
1998
Registered
l!i.».
Beech Creek 1st gug 4s. 1936
Registered
1936
2d gu gold 5s
1936
Cart& Ad
128 Oct
112 4 Oct
...
...
*
loo',
98
98
86
4
103
1
J
D
1044
.
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1
1044
4 Sep
101
.
116
180
119
131
.
.
M -N
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J'ne'01
-'-.
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-
lol',,
1084
-
1
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h
4
1 1
A
1274N.M no
127
131S
llo Mar'01
lou 4-'
110
110
121
1
i"l64MaV(iVi
M-N
A O
.123
All
A
M-N
i'i'i'4"-
125
125 4 1264
113 Apr '99
I''
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L 1st g 48.1937 AO
964 99^
1
75
97
87
106
98
100
108
ll a-
liar 1st rea
1063b
110
106
105
.
Oct
1
22
1264 E^9
'oo
nil,'
Sep
31
109 4
107
1111.
'oi
Iu5
102 Feb '01
202 4 2024
102
196
195
134
1
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!-.
Convert
4
202
deli certs 91,000
"."
suiai! ceils sliio
Housatomc R eon g 5a. .1937
98
JS*
H
a-
1344
M-N
M -N
Derby oon g 6s. .1918
NY N E 1st 7s
1906 J-J
1st 6s
XVi North See N Y C A1906 J-J
N YO& Wrcl 1st g 4s. .1/1992 M-S
Regis $5,000
ffl992 M-S
NY & Put Setonly..
NY C&H
N Y & R B Bee
2011
""'.
Oi
134°eJ'lv'ol
114
A-
108
Jan
Sep
108
'00
'01
102
203 4
200
136
108
110
60 102
108
II
96
9934
874
10f> 7s
91
1034 Sale 103
lo:: 4
1014Nov'98
Long Island
NYS&VV
£««Erie
<fe M
Bee So Pac Co
Nor & Booth 1st g.'is
194
119412508 Norf <fe West gen jr to... 193]
10041094
Improvem't & ext g 6s.. 1 934
New River 1st g 6s
193"
103 110
& Ry 1st con g 4s. 1996
Registered
1996
CC& T 1st gu g 5s... 19 f'o
894 904
loo 100
ScloV&NElstgi^^s 1989
North Illinois See Chi <fc N
106 107
North Ohio Bee L Erie &
113 116
114 119
Northern Pacific
11441164
Prior lien ry & 1 gr g 4s. 1997
Registered
844 904
1997
General lien gold3s....a2047
Registered
O2047
N Y Tex
111
117
M-N 113
M-N 133
F-A 1294
i
AO
A O
AO
W
N
J-J
Q-J
Q-J
1124 J'ly'01
H04 1124
132 Mav'Ol
131 Oct '01
13134 Oct '01
1024 102 9738J'ly'00
132
1
134
99 4104
131
33
1074J'ly'01
103
103
104*8 Sale
1044 1044 113 103 106
104 Oct '01
10341054
7234
73 ibo 694 734
70 4 Oct '01
70
723e
Div g 48
111741074
128
99»4 102
128""
128 Sep '01
132 J'ly'99
122 4 Feb '01
1103,) Oct ',,1
106 J'lv'ol
88 34 May'OO
117 Oct '01
88
1034
99
9934 J'ly'01
1996
D
1996
D
gen g68....1923 F-A
1274132
Registered certific's..l9''3 Q-F
121
130
St Paul <fe Dul 1st 5s
193] F-A
874 96 ?s
2d 5s
1917 A-O
94
96
1st consol goW48.....,1968 J-D
110 1 1 (!'.,
Wa8hCent 1st g4s
1948 Q-M
99 1014 NorPacTerCo 1st g 6s.. 1933
Nor Ry Cal See So Pac
StP&NP
136
12941334
106 34 ....
1024....
72 34 Sale
70
724
Q-F
q-F
CB&Qcolltr4s SeeGfXor
St Paul-Dul
131
1024 Sale
M-N
WW
OInd&W
Se«CCC«fcStL
lno River RR
111
111
Dec '99
let
g 68.1936 J-D 110
General gold 5s...
ni3
Ore <fe Cal See So Pac Co
Ore Ry & Nav See En 1'ac
Ore RR <fc Nav Bet Vu Pac
Ore short Erne Bee l'u Pac
116
,
.
1024
ih'i"
'."'.".
105»4 1053.J
106 Sep '01
1044108
106
1094 1094
l094May'01
101 Sep '01
1064 Mav'Ol
1094 Sep '97
107 7h
107 4
1
A-O
Oswego & Rome Bet N Y C
CF& st p SeeCA n w
1)ac Coast Co 1st g6s
1946
ac of Missouri See Mo Pac
Panama 1st s fund g4 '-s.. 1917
Sink fund aubsidy gto 1910
Penn Co gu 1st g4''..s..
1921
1814
12241224
llo^m
102
106
1154119"
112 4 J'ne'01
95 Dec'00
102
103 4 Apr '01
F-A
f.
v
j.j
j.j
J-J
Sale"
95
94
90
96«8
964
964
95 4
95 4
96 Mar'01
1124 iiS" 1114 Sep 'ill
106 J'ne'98
10941094
101
1064
105
106
:,
ci<fe
4
112
1033s
Erie
"99"
XA C Bdge gen gn p
P C C & St L con gu
9
1
974
9378 97 4
90
97
111
J-J
Cable Co lat g 4s. .2397 Q-J
Registered
2397 u-J
ErieT«fe Tool tr gs f 5a..l92ii J.J
Mat T & T 1st 8 f g5s
1918 M-N
MutUnTelCo Nee West n Un
N Y & N J Tel gen g 5s. .1920 M-N
No Westn Teleg ,s>e West In
West Union col tr cur 5s. 1938 J-J
Fd and real est g 4 4s. ..1950 M-N
Mut Un Tel s fund 68...191 1 M-N
Northwestern Tel 7s
1904 J-J
A-
Berlea
C
ivf
95
J'ly'98
1004 Oct
109
Oct
100 4102
'00
'99
Sale 1114
1094 109
1114
109 V
1154
Nov'00
114
Bep'O]
J'nc'oi
.
L,.s _
:
<
-_'
i
19]2
1
184
1134
1164
,r-j
97
133
133
114
113
J'ly'O)
135
May'01
and asked
1134117
115-.
1094
1
. .
1
1
o A
See
1
ifc
Clear
TCd
gold 5s
as Val Coal
Rochtfi Pit ('A
97
9934
1364 Apr '01
1364
Apr'01
136«a
130
pur
a
lsl
b
i
1014
10641064
K.
1014
I'
90\ 108
954-E'""-'"
J-D
li>7
May'97
80
105
t
."is. p.i
6a
'10C4
1014
106
\
.1
1
in
100'.
1926 J-D
Lstgsf
I
fa
i
'
I
Pli
Sun Ck Coal
I
lsl g Sa
191
C«ft I 1st g 5a. L9S 6
1
'
1912
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M-N
.1
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1
i
1
1
i.
105
110
112
100
1044
104
1
116
i
this
it;
13241364
1
1
ext 1st con g 6s. 1902 F-A
DevCo gugos.l909;.]-J
117»4
41 164
1064 1064
1
1
PC
&R
See X Y C & H
I
118
nutl Iron
Gr Bit Coal A C
111
12141264
'01
un Coal
Inv si t ,;- al91'i \ " 107
ln7 Oct 'Hi
Birm lnv isi consol
j -.1
110 1114 111
Cah C M Co Lstgu g6
He Bare a
1910 F-A 101
1024 mi Oil 111
Wh L E A
.1919 J-J
32 Jan '00
Manufacturing & ladnatriul
101 Sep '01
101 104 4 Amcr Bicycles dt b( n 5a I'M' M-S
03 Salt
63
63
55 Nov'OO
Am Col on e\i 44a
Li* J
1004Sep'U!
101
week, o Due Jan e Due May g Due j i„ h Due J iv p n
Nov s Option sale.
111
11041144
112
Nov'98
102
A1912 A-o
1
|'!i
111
112
112
102
112
Col Fuel Co gen gold 6s. 1 9 9'M-N
Col faCo gen a
5s.. 194
2'
'0
nil
'ill
HONDS-Continiied on Next Page
Jill
1134 Oct
In.
Oct 00
M 4
^"7s
Aug'01
101
1134 Oct
121
WA
Coal
1004Mny'o]
Coul and Iron
.
E
2d7a
109
112
111
105
120
122
1
1124
4!
108
102
a-o
i !l ^'-'
j-j
SeriesA
1940 v-O
Series 11 guar
A-o
pi p- .m.n
Series C guar
series I) 4a guar
1945 M-N
Series
3 4 guar g... 1949 F-A
Pitts it
C 1st 7s
1912 J-J
::::::
•*•••• •••••
1114
1
i*13
110
1948 M-N
I960 l-'-A
1940 J-J
1940 j.j
4s 194:, J-J
Ji
101
Telegraph and Telephone
latest bid
1124
105
1214 Oct
C 34s
D848
Pitta gug 348 B
'90'"
107
i'1'9"
P«engug44s8erA.'42
gerJ 68
Series
Series
10241047,
1024 1024
1094
J-D 110
A-O 105
M-N
J-J
Registered
1921 j.j
Guar 3 4s Cull trust reg 1937 M-S
C St 1. A p 1st con g 5s 1932 A-O
Registered
193'.' A-O
ln-'i
Am Telep & Tel coll tr 4s 1929
No price Friday;
J
.1
111
1
1
N VN
'01
Dec '99
Cumm
»
s
.
I .
MISCELLANEOUS
I
Hlk
M
hi
pi
HO41214 N Y \j E& W Bee Erie
97 105
NY&EongBr See Ceiitof N J
N Y N K Bee N \ s a- h
12C4130
1224 113
.
105
109
F-A
1st gu j.'4s...19S1 J-D
Bitum Coal Corp—
l8taflntgiig48 8erA 1940 J-J
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1931
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1940
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1909 M-8
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i:.
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1940
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N v a Harlem g 84a. ..2000
Registered
2000
N V a-. North 1st f r.s.. 192
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Ocon isi i\i 58.A1922
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R W'A-OTK lsl "ii g 58.1918
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J-J
j.j
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1997 J-J
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1997 j.j
Debenture 5s of.. .1884-1904 M-S
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1884-1904 M-S
Reglst deb 6s of... 1889-1904 M-S
Debenture g 4e.... 1890-1905 J-D
Beffistered
1890-1905 J-D
TC
lsl f/u
5a 19
lsl 5a. .19;
it ic
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1104 1104
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1st consol gold 5s
1928
Jasper Branch 1st g6s..lii_':i J-J
Al 1st 6s. .1917 J-J
Branch 1st 6s.. ..1917 J-J
Debt certs ext g 4s
1
1st consol 5a
91
W
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li
11
4
(
I
TAP
A
mi (is
193
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82»4
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Morris & Essex See Del L<fe
McM M
A
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i
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1997 j-ii
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a
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ha
20
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i..
117'-..
107
114
J-J
J-D
Mob <t Ohio new gold to.. 1927 J-D
1st extension gold to.. A1927 <i-J
General gold 4a
1U3S M-S
Mohawk <fc Mai Bet
Monongahela Riv See B
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I
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si
I
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g5s.l'.»4ii
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SI
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N
1214
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I!t4f>
I'ii
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119 J'lii-iM
123 4 Apr '01
122 4 Feb '01
1929 J-J
Co
lat ri'li 1'n
1 81 ^n g .is
lii
114
1474Feb'01
119
124
i
1920
&
A
llica
Verdi V 1 <fe W 1st g 58.192) M-S
MiaaRiv Bridge See Chic <fc Alt
M0I1& Birm prior lien g Os 1946 J-J
J P Morgan
A
.
145
Ii
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lsl
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1
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116*4
103 4 Ant '00
98
984 97
83 S, 33
834
105 May'OO
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1920 FA
Cent Br Ry 1st gu g 4S.1919 FA "90";
Leroy&C VA List g5e 1926 J-J
Pac R ol Mo 1st ex g 48.1938 F-A 107
2d extended gold 5a.. .1938 J-J 115 Sale
6t hliMA Sgen con g 68193 AO 1154
Gen oon stamp gtd g 5a 193 AO
Unilietl & ref gold 4s. .1929 J-J
92 Sale
Mortgage gold 4s
Mob Jack <fe K C 1st
N
.N..1
in"
90<4 J'ly'01
J-D
M-S
I
Registered
IC
si.
19
M-N
Boonev Bdg Co go g 78.1906 M-N
& Wa 1st irn g 08.. .1940 M-N
M K&TofT 1st gug 58. 1942 M-S
8herSh <fc So 1st go g 58.1943 J-D
Kan C & Pac 1st g 4a.. .1990 b'-A
Tebo«fc Neosho let 7a.. .1903 J-D
Mo K <fe K 1st gu gas
1942 AO
Missouri Pacific 3d 7s
1900 M-N
1st ci n si. gold 68
1920 M-N
Trust gold 5s stamped. al917 M-S
Registered
alii 17 M-S
lat coll gold 5s
J Mill'
6s
\-o
M S
Dal
i
Mar'01
AO
M &M
n
I
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\\
100
3o4salo
fly
Ply
MStl'tssil coug4intgu'3s
Mo Kan &
111 4 117
in
110
83 4 Sale
J-J
Hiyh
1
N
Pitts
MSSM A A
Mum
1
ID
102'4
Bale
5aatpd4alnt go 1986
1st <; 4 mt gu 1926
Lai
12
1
Set Erie
Pacific Kx 1st gold (is
92
Soutii Weal Bx 1st g 78.1910
lat coiisol gold 5a
L934
1st arm refund gold 4a.. 19 19
Minn St L ku Bee IS R A N
1'
Ben
May'01
il*5*4
.
n u
1.
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Mil ES A; \V Set Clilc A V \v
Mil A Mad See Chic a N \v
Mil A- North Sm eh M A 81 P
Mil A st P See Ch M A 81 P
Minn* st L 1st gold 7a.. 1927 J-D
Iowa Ex 1st gold 7s
1909 J-D
M&
111
Oil Ml
I
\
I
F-A
104
1
A
1
II
II
(11
1
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\
117
.
1
A
1,1
.
M
I
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1
urn
S
V c. in
Metropolitan El .scr .Man By
Alex (Vm oon so] gold 4a.. 191
1st en ii sui income g 3a.al939
eonaol income g 3a..ol939
Equip a coll gold 5»
1917
2ii series gold 5s
1919
Mex Intarnal 1st con g4a. 1977
Mex Nat 1st gold to
1927
2d inc to A iii simpd../i 1917
2d income gold 6a B...M917
Wei North Isi gold to
l'JHi
\
1 1 'J '4
1144.
"97";
1990 A-O
1990 A ()
1908 J-J
1934 J 1)
4s.
Registered
Metropol ii
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1
1
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I
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hi
hi
I
114 4.
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gold
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.
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115
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N. V.
Jllltl
6
B
BUKOri
ntie
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i'.l
1980 M-S
4m.. 198
l-J
1st gU t: 58.. .1937
ii Lai irug as.. 1921
ai.i oon u ii g 5a.. 1930
N A a
1.
mi
8
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Ki
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stuck i.xcn LNGE
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1'itts
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1:::;',
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ins
109
1
5
1
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%
Nov
".it
07
% Oct
'98
122
111
120
.
Oct
.I'm '99
IS'v S. p '01
1
98
'"I
96%
Sale
92
100%
101
A-O
A-O
J-D
97
96
91
108
""".
Aug'Ol
Oct 'in
Feb'01
85
Oct '01
.hi
83%
J-J
1
05
85
93
1
12
1
%
93%
90
105
80%
10
921-2
Con
91','.!
93\
Salt
94
89^ 98
62
W
116
128»4Sep'01
128%....
115=8 He's 11534 115 78
102 % Oct '00
105 ...,
95
99
98
W
2d 6s... 1909 A-O
1931! J-J
1st consol gold 6s
1933 J-J
Registered
Reduced to gold 4%s.. 1933 J-J
1933 J-J
Registered
1910 M-N
Dakota ext gold 6s
1937 J-D
Mont ext 1st gold 4s
1937 J-D
Registered
E Minn 1st div 1st g 5s.. 1908 A-O
1908 A-O
Registered
Nor Div 1st gold 4s.. ..1948 A-O
1948 A-O
Registered.
1922 J-J
Minn Union 1st g 6s
193 J-J
Mont C 1st gu g 6s
193 J-J
Registered
1937 J-J
1st guar gold 5s
1937 J-J
Registered
W1U& S F 1st gold 5s.. 1938 J-D
1938 J-D
Registered
St P A Nor Pao See Nor Pac
St P & S'x City See CStPM&O
SFePres A Ph lstg 5s. ..1942
8 A A A P See So Pac Co
S F A N P 1st sink £ g 5s. 1919
1st gold 6s.. ..1934
Sav F A
1934
1st gold 5s
Div
lstg 48. ..1934
John's
St
Ala Mid 1st gu gold 5s. .1928
1st gug4s.. 1938
Brans*
Sil Sp Oca A G gu g 4s. .1918
W
W
96% Oct
98% Sale
98\i
79
78
Sale
114%
139
'01
'01
100% Sep
97%
98
Sale
r
91 l4l02
1 00 % 100-2
222 97 Hi 98
115U
139*4 Oct '01
142
114^
35 115>4ll8 78
139 142
114"-2
Heine's
116' 8 Apr'01
118 34 H8 34
lOS'sOct'Ol
106 May'01
106 Oct '01
117%
105 '4 107
*103
106
128
18 116
•
ISO's Oet
115 Apr'97
121 1^ Aug'Ol
108
HOVj.
111
.
132
140
i'2l"i"22"
.
J-J
M-N
87
82
J-J
J-J
87
03
91
1
1
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M-S
-
J
J-
St
Tex
L
!
J
J-J
-
.1
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1
1
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M-S
J-J
J-J
M- s
197
126" Sale
112>4
....
F-A
TexAPacEDivlstg6s..l905 M-S
2000
1st gold 5s
o2000
2d gold inc 5s
1931
La Div B L 1st g 5s
1935
Tol
O C 1st g5s
Western Div 1st g 5s. ..1935
1935
General gold 5s
1st gug 4s.. ..1990
Kan
1917
TolP Wist frold 4s
A
AM
A
TolStLAWprlieng3%s.l925
J-D
Mai-
BRA
OreRyANavlstsfg6sl909
Ore Ry A Nav con g 4s. 1946
/i.1946
Gold 5s
Uni N J RR
1908
A
A
I
I
n.i
83
'
96
230 100
291
fcl920[J-D
95%
89
111
(II
ll
i'i(i" Feb'b'i
....
119
120
Nov'00
IHPl 110-f
111'iOct '01
v
i'10" A[Yr <!i
"
106% iii
10
114%
10
Lo"iid*4
Vov'97
108%J*ly'01
119
120
!'.,
112
Sep
'01
...
Ki'.i
100
100
Mar'01
96 4
10
96
")27 "
I'll"
110
i*08 34
J
lb-v
119-1
120
'.'.'.'.'.
"'.'.'.
.
'.
113
i27
126
L23
:!
i
96%
113%
112% 113
1
2
121
121
124%
109
111%
ioo'Tio"
% Sep '00
117
'4
a.24%
,124% 129
J'lv'01
L20»8 J'ne'01
119
9
111% 116%
Sep v0~i
Vug'01
91
1 1
:
L7
Oct '01
Kil'i Jlv'OC
110 Oct 'I>1
Dee '(Id
83
108% Oct "01
102
114 Sep '01
117 Oct '01
83
12
1
120
...
118%
121
119
.116
113%Oct'01
L19%
114
113
115
114
117
116
lie"
iy/"'*
J'ly'00
m%iie
113%Oct'01
116% May'01
115% 116%
Mar'01
115
115
104 Feb'01
119 34 120
97
97
104
104
119 34Sale
9b
J'ne'01
115
111
115
114
105
J'ly'01
115
Sale
81
99
90
100
110%111
113 117%
113 115%
103 108%
'01
95
86
'01
'01
'01
81%
82
98% J'ly'01
82
100
115%120%
115
Sep
96% Oct
92% Oct
90 Oct
98
93%
88%
J-J
J-J
ss
99%
95
92%
85 »8
12
100
106% 109
Oct '01
105% 106 179 103% 107 3
104%Sep'01
J104 106 4
108% 4747 103 129
108 Sale 107
110 110
110 Apr'Ol
J-J 107
34 101=4 105%
103% Sale 103% 104
J -D
130
S 126
F-A 126 58 127% 126 5s 126 ss
117% 117% It) L15 121
J-J 116%....
'01
106
103%
103% Oct
Sep 103%....
117 119
117% J'ne'01
J-J
108
10S
L0a 58 Sale
113
1926 J-J
Mar'01
113
120%
110%
117
113
Pa RR
Rio Gr Wes
C Co
See
Un
Pacific
W
M-N 120 Sale 119%
110%
F-A 110%
J-J
J-J
J-J
J-J
111
A-O
108
J-J
120
58%
99
57
Sale
98
111
103% Wilkes A East See Erie
Wil A Sioux F See St P M A M
83% 89% Winona A St P See C it X
Wis Cent 50-yr 1st gen 4s. 1949 J-J
W
70
111
31 119
95
31
122
120%
Sep'O
Mar'01
112
112
110
'
112
113
112
114
90% 91% 90%
88%
Sale
I
88%
Oct '01
May'01
112
J'ne'01
112
236 89
91
98%
112
100%
40
113%113%
117%
113% Mar'01
\-0
Wheel Div 1st gold 68- 1928 J-J
Exten A Imp gold 5s. ..1930 F-A
1949 M-S
1st consol 4s
J'lv'01
58 7 r 443 40
110
Oct '01
95
Sep '01
110
110% Sep '01
40
<il943 XTov
W
Wlieel'gA LE Istg5s...l92i;
120%
107% 114
96% 102%
111
98
120% 120
99% 100 100
A-O
West No Car -See South Ry
West Shore See N Y Cent
VaCent A P 1st g 6s. .1911 J-J
95 58 101%
%
11 Hi
1
108
121
Is v sale
I
A-O
J-D 105
96
A-O
1950 A-O
50-year gold 4s
Tor Ham A Buff lstg 4s. hi 946 J-D
UisterADellstcong5sl928 J -D
Igrg4s..l947 J-J
n Pac
1947 J-J
Registered
1911 M-X
1st lien convert 4s
-'4
4
....
96% 96
J-J
J-J
1
L08%J'Jjr'01
120
116
95
Pac Co
Non-cumincA 5s
A Nor 1st 7s
108%
...
117-m.T'1v'01
M-N 116%
M-X 116%
F-A
J-J
91
I
107
J-J
M-S
A-O
M-N
M-S
M-S
107%
7%
117%
J-J
I
118
L8
1
100
.
ilv'Ol
\l,l
Hr-
M Bge Ter gu g 5s. 1930 A-O
See So
...
A
-See
ANO
....
% Sep '01
107"
J-J
ANY K A T W
M
AN
A-O
A
'<>1
n
-7\
111
'-j
107
.1
187%
136
Mar'01
.Til
KM
.1
1938M-8
Income 5s
54
304
96
13
...
113
'.'.'.'.'..
J-J
F-A
W
W
110% 111%
91
123
J-J
of St L 1st g 4%s..l939
er
1894-1944
1st con gold 5s
w
94 34 Feb'01
106 H2 Feb'01
87 Aug'Ol
91 58 J'ne'01
l'o" il3«i
i
111'4
111
Black R See N Y Cent
-See Mo P
Val Ind A
Yer
Mid -See South Ry
irsinia
104 111
1939
abash 1st gold 5s
1939
2d gold 5s
110%111 34
1939
Debenture series A
1939
Series B
Det A Ch Ext 1st g 5s. .1941
94
94 34
Des Moin Div 1st g 4s. .1939
106%109 34
St Chas Bridge 1st g 6s. 1908
87
87
-See Del Lac A West
Warren
91% 910b
Wash Cent See Nor Pac
-See Southern
Wash O A
WestNYA Pa lstg 58.. 1937
1943
Gen gold 3-4s
<
A-O 123-2.
A-O 109
111% Oct
ill"
LAX
Utah Central See
Utah A North See
Aug'Ol
106%
I
111
124
1956 M-N
reor lien g 5s
Utah
111 34 Hl 3
126 Hi Jan '00
123 Dec '99
Scioto Val & N E See Nor it W
110
104 34Feb'98
1926
Seab A Roa 1st 5s
Car Cent 1st con g 4s... 1949
Sher Slir A So See M K A T
Sil Sp Oca A G See Sav F A
1924 J-J
Sod Bay A So 1st g 5s
So Car A Ga See Southern
Southern Pacific Co
100 34 101
1905 J-D 101
2-5 year coll tr g 4 %s
92'93 Hi
93 >s Sale
Gold 4s (Cent Pac coll). fcl949 J-D
89 Oct '01
92
A.1949 J-D
89
Registered
J'ne'O
1
111
A A N 1st gu g 5s 1941 J-J
Cent Pac 1st ret' gu g 4s 1949 F-A 102 7e Sale 101 Hi 102's
7
99 8 J"ue'00
1949 F-A
Registered
88
Mort guar gold 3 %s.. kl 929 J-D "87Ja"88* 86 34
Registered
rebo
Utica
J-J
EA
Ore Short Line lstg6s.. 1922
1946
1st consol g 5s
Apr '00
120 ,Apr'99
124
MS
W
120%
102 H2 107%
106 106
106 HO
'HI
121"8
95I4IOIH2
82*4
71
137 3*Feb'99
111
LOO
106
"fi
i:;7
F.1912 A
1912 A-o
W
1
99^8 377
79 101
115k
A
Div g 6a.. 1980
SAN
114' 8 May'0l
:t '-j
I
I
'('.
111 'l(;et
Ala See
111 112%
111 34 114 18 Spok Falls A Nor lstg 6s. 1939 J-J
111 114 1s Stat Isl Ry 1st gu g 4%s..l943 J -D
125 136J2 Sunb A Lew See Penn RR
See D L A
Syra Bing
112 12ll9
Aug'Ol
114%J'ne'01
111
1
lli/ilt,
K)7'4 107' <
106*2
Sale
:u
1
1938
Registered
1922
Ga Pac Ry lstg 6s
Knox A Ohio 1st g 6a.. .1925
1915
Rich A Dan con g 6s
Equip sink fund g 5s. .1909
1927
Deb 6a stamped
Rich A Meek 1st g 4s.. .1948
So Car A Ga 1st g 5s.. ..1919
Virginia MidserD 4-68.192]
1926
Series E 5s
1936
General 5s
1936
Guar stamped
1st cy gu 4s. .1924
OA
West N C 1st con g 6s. .1914
121
StLMBr
c
J
1905 A
1905 \
n. L906 a
1st gold 5a
E Ten
90
105
36
94 '4
M
M A Man
B
(is
ET Va A Ga
-See
94
C
193
g 5a
Stamped
L905
SPacoiNMexlsl 6s.. 191 1]
s 1' const 1st gu g4s....l93'
1905
1st 7s
Tex A- N
Sabine Div 1st g6a....l912
1943
Con gold 6a
199 I
Southern-i-] st eon g 5a
Registered
1994
Mem Div 1st g IV58...1990
1st
St Louis div
g 48....1951
1918
Ala C'en B 1st g6a
19 1s
Atl A Danvlstgls
Atl A Yad 1st g guar 48.1949
1916
Col <t Greenv 1st 6a
08 'o 10334
21
4
•_'
92 u, og
92
92
Apr'Ol
Sale
J-J
ioo«u
217
97
lOO'-i
1
99"
98
L21%Mar'0]
124
11S%
Aug'Ol
LOO
97
B
113 3
J'iy'97
L00%Od
122
120
120
90
llC'V
r.s
•_
1st gold 8a
1st eon iruar
.
Tus A H See 1'ere Marq
Sag
alt LakeC 1st gsf 6s.. 1913
8tPaul
1st
series
1st gtls series
g
1.st
'01
J-J
J-J
St Jodi (ir lsi 1st g3-4s.. 1947 J-J
St Law A Adiron lstg 58.1996 J-J
1996 A-O
2d gold 6s
St L A Cairo See Mob & Ohio
P
St L A Iron Mount See
St L K C A N See Wabash
-SeeT Kit Aoi St 1,
StLASFran 2d g 6s CI A. 1906 M-N
1906 M-N
2d gold 6s Class B
1906 M-N
2d gold 6s Class C
1931 J-J
General gold 6s
1931 J-J
gold
5s
General
1987 A-O
1st trust gold 5s
PierceCAO 1st g 6s. ..1919 F-A
St L A S F RR gold 4s.. 1996 J-J
Soutliw Div lstg 5s.. 194 A-O
1951 J-J
Refunding g 4s
1951 J-J
Registered
1937 J-D
Kansas Mid 1st g 4s
Cent
Illinois
See
Louis
So
St
1st g 4s bd ctfs.1989 M-N
St L S
2d g4s inc bond ctfs...pl989 J-J
Gray's Pt Ter 1st gug 5s 1947 J-D
St Paul & Dul See Nor Pacific
cai
1st B
L87
1
gu..l987|J.J
106'
1112
ll ; 'l
Ill)
unary
a ,/
111
id
Oct
1
ml guar.. 1921 A-o
SAAAPas6letgug4s.l943
BoPofAtgu Lstg6scl9i
L27
Feb'01
(XI
1
1
.1
J'ne'O]
LUg'U 1
1
I,
H-7'.)
mi
N
N \ TA- Mex gu l8tg lB.191
Nooi caJ 1st go b 6s ...1907 J 3
1938 \-0
Guaranteed gold 5
J
Ore A OaJ 1st guar g Bs. 1927
1
127
112
1.-.
1997 J-J
1997 J-J
Registered
Rensselaer it Sar See I) it li
Rich it Dan Bee South Ry
Rich it .Meek See Southern
L9S9
RioGr West 1st g4a
Consul and Col trust 4s .1949
g4s.ol!U7
Cent
1st
gu
Utah
Rio Gr June 1st gu g 5s. ..1939
1940
Rio gr So 1st goid 4s
1940
Guarantied
A
11, 'li!
1
HIS
1920 J-J
mi
High No
:
i'l'f
:
M
guai ...19
nit
goKI Is
M-N
M-N
i
A
:
in
1
Sang*
.in
107
107H,
OiM-N
Waco A N WiIm
Morgan'* La A T 1st 7s 1918 A-O
112'
112
L06
A
K 1st gold 68 ...1916 JPitts
Pitts
L E 1st g 6s.. .1940 A-O
IV 13 .I-J
1st consol gold 5a
191' J-J
Pitts
West 1st g is
J P M A Co ccrlls
Ash 1st con 68.1927 M-N
Pitts Y
ni
in
.1
'J
CO
PittsMoKeesA V 8e*H STCen
Roch
I
\
maole.. 933 M-N
1
Gen
1931
192-1
3
'
Consol g_6«
K-A
W
.-
del
1
1932 J-D
A 81
Pitta
Tol 1st g 6S..1922 \ O
Pitts i 'lev
Pitts Ft
A cii Be* Penn Co
L922 JPitta Juno Lsi gold us
Pitts <t I- Erie 2d g 6a...al928 A-O
I-
W
a
1.
1st
1939 M N
gos. L939 A-O
'
F
Horn
Oct
I
VG AN lsi
td.au
1
Bid
(Conttn
-
LA Nash
C & 81 L
g is.
4<
i
1
i
Peoit Eas1
Peo A Pek Un Ls1 g 6s.. ..1921
&1921
2d gold 4%8
\-o
Pere Marq Vd P M
.m
I
1 1
2d gold 7Ml A Pax
Ms
l
<
;
Southern Pac Co
a m
M S
n L919
Registered
1948 M-N
Consol gold 4 s
Alleg vol tr»ii un g Is... L9
Cl.V- Mar lsi gu g L%s..l93 M-N
I) it it i: a- Bge 1st gu Lag.'36 F A
Gr Hit l es [81 gu g4%a I'-'iii j
Sun A Lewis si g Is... L986IJ-J
U.NJ in: a Can gen la L944M-S
PenH:iciii:i
Jiiah
i.Dio
.l-J
19
CollHol gold OS
u
1
I
WeeV*
Ban 0i or
/rirt
A.v.K
-X
BTO< IK
i.k Ending o<
v.
,
January
Utah No
[Vol. LXXIII,
Mis
g 4s. 1923 M-N
L90
Consol Btw Una g 8a
Con currencj lis reg...ffl90
Sir
A*k
4
BONDd
lunge
tk't
,S|//''
/.'-.*
Penn Hit
i
Hant
Friday
—Page
m%116 34
112
94
88% 118 85% 92%
MISCELLANEOUS BONDS—Concluded.
Manufacturing
& Industrial
Miscellaneous
Am Hide A L 1st sfg6s.. 1919
1915
Am Spirits Mfgcol1sttrg6s..
4s. ..1919
Am Thread 1st
Bar
91% Sale
75
A S Car Co 1st g 6s. ..1942
79
90
91
75
105
Consol Tobacco 50-yr g 4S.1S51
Distilling of America collateral
1911
trust gold 5s
Gramercy Sug 1st gold 6s. 1923
1910
ni Steel Co deb 5s
1913
Non-conv deben 5s
Int Paper Co 1st con g 6s. 1918
91%
90
98
75
75
85
Jan
'00
64
Sale
63%
83
Sale
83
S2%
99% Apr'Ol
90
99
65
Jan
330
95
62% 67%
82
90
'99
100*
100% J'ne'01
80 105
108% 108% 108% 109
Knickerbocker Ice (Chicago)
93 Aug'00
98
1928
1st gold 5s
110
110
110
Nat Starch M f g Co 1 st g 6s 1 920
91 Oct '01
92
Nat Starch Co s f deb 5s. .1925
"52"
55
54
55
8tan Rope A T 1st g 6s... 1946
6%
Income gold 5s
6
6% 6%
1946
115% Oct '01
V S Leath Co s f deb g6s..l913 M N 115
• No price Friday; latest bid and asked, a Due Jan 6 Due Feb
'
107
91
1948 M-S 104% Sale 103% 104%
Adams Ex col tr g4s
Am Dk A Imp 5s See Cent X J
'01
Bkln Ferry Co 1st con g 5s 1 948 F-A
BklnWAWH 1st 5s tr ctfs..
Chic Jc A St Yard col g 68.191 J-J
Det M A M Id gr 3%s S A. 1911 A-O
1st
5s.. 1926 J-J
—
g
Hack Wat Reor
193] M-S
Hend B Co 1st s f g Os
Hoboken LAI gold 5S...1910.M-N
N
5s..l919]M
106% Mad So Garden 1st g
Man Beh HALgeng4s.. 19411 M-N
111
86
100
110
96
Xewp Ne Ship A D D 5s dl9'.W\ J- J
FA
X Y A Ont Land lstg 6s. .1910
St L Ter Cupples Stat'n A Prop
82
74
85
75
30% Sale
35
75
111
29
Oct
113
Nov'99
90
Oct '99
109
84% 91%
68
111
29
75
Mar'01
31
Colstg4%s 5-20 year. .1917 J-D
101 Feb'97
46% 72% S Yuba Wat Co con g 6s.. 1923 J-J
113%J'ly'00
Sp Val Wat Works 1st 6s. 1900 M-S
5% 12
.1910
f
5s..
113 115% Vermont Mar 1st s
dDue Apr a Due J'ne A Due J'ly Due Aug n Due Sep p Due Nov q Due Dec
fc
34 103
s
78
111
35%
Option sale
October
THE CHUOMCLti
88, 1901.]
Volume
Exchanges
ha
i
NEW
PHI
11
i.\
EEK
\\
.
i.\
n\
i.\.
1
a ml
1.1I
Ml-.
A Ik
1
M-*i
1st
n< Itsou
l
STORK STOCK
am-
liulii-l
udlauapol
I
i
TRANSACTIONS
-(.mini.
.,
.
of Business at Stock
391
i
..i-
o
I
Kansas City(
Jo
iu
SfEA i:l\
,
.
N
Stk
~>
M->
HltllltJ
-
5
t
85
Oct.
shares
I'.IUi
Madison
Par r«/ne
!
+
Saturday
...
l
030,500
l.ooo
29.7
Monday
18,600
ay
Thursday...
k
wai
K
3,141,f
.
Bale*
A'eui
>
ui
Week
«,'
/.'
.
19,400
nding Oct 98
$27,000
$7,000
1900
No. shares
::.
1
January
i
,19,400
BONDS
cut bonds
State bonds
audnus. bonds
$96,000
48,000
$27,000
7,000
16.674.600
1
192,610
900
878,262.800
1,838,000
i
.
i
ll6.7os.rioo
$14,906,000
1)5,700
[4.661.770
C
Si
.,N| Oil
I
i
I
LOO
ill
.v.
.
-.
pau
Syracuse
i
L9
86
86
22
96
Excli
List
" 5s'4 LM s
i;^ stock ..101
eatern Gaa
Amer
5s 8*e BVto
$385,761,110
(
Commercial
I
LOO
lable
Commer
U u Tel (N S").'
Hay State T( IOO
Emp<S
I
ii
g
,v
elep
i
•>'
Mallkllll
A
-,
Sleek
L905
L8
loo
60
102
L80
i
10
1
i
1
Monday
Tuesday
Wednesday
5,097
12,190
J
.
.
17,408
15,179
Friday
95,119
Total
sales
shares
14,648
20,597
Saturday
1st
19,391
15,701
s,
192
12,296
9,414
7,085
72,979
$40,200
56,795
130,180
105, 500
124, soil
65,300
622,775
Listed
shares
8,705
23,363
20,105
20.908
46,770
56,985
176,842
shares
76
B os ton
45
LOO
100
I'M 1. II'
liav ana
1
'
f(
d
11.
Gorham M
I
rn
10
IS
1.
T
100
I
[g
'I
lo
1
,
1.111I111
I
clal
.
100
1
10
KM
120
01
12
12^
•16
50
80
46
I
rred
1
I
1
]
I
7.s
328
$31, 500
L698
16,660
91,900
176,487
198,500
104,100
l
$719,337
Providence Telephone. 60
Southern & Atlantic. .25
Tel Tel A Cable of Am. 5
1
97%
I
95
t
5s HUH
International
85
105"
8
iihi
lilernat
I
1
POW
'" pi
I
Qteruational sail
'
"i
I
1
01
06
110
150
t
si k
Excli
1
lnternat'l Sil\ er
6a 1948
.s>
'_'.'•
2
.;
L30
140
1
12%
135
13
10
226
90
326
115
350
1
•j
L20
O.I
65
13%
45^
13%
16 %
7*4
<
1
100
<
19
19%
84
S5
27
28
83
s5
4
l-.xch
list
140
11
SO
160
32
114
115
7%
7
NY
150
130
10 ^
31
1
MN
ll
1
1
'J5V
1
•jo
4:.
l'j
93
109
_
171
Usl
5>i
uston
1
5
85
9o
.140
J05
101 K 102%
.ickEx List
59
140
15
164>s 166
•J02
1
1
139
140
L42
147
J -J.".
245
39% 39%
5
6
20
i
t;:
71%
1
-.
725
TL'O
220
Exch
list
32
I
1
1
1
.
I
1
1
117
lol
1
5
1
1
1
1
1
.
I
6%
hi
67
4%
4%
-,
1
">
110
535
60
70
1
.
.
1
1
<
U
12
75
4106
1,
,
70
110
102
105
1
1
-!
28%
•
I
1
32
95
93
"fl
M
s
10
,
1
llsl
LOO
'.'7
)
Outside
1
82
.
Companies
D
Iron Steamboat
Allegheny Co Lig'tColoo 165 170
John B Stetson com. .loo
Chicago Edison Co... 100 164%
100
Preferred
Edison El HI Co Brk N v Stock Kxch
lh 1% Lanston Monotype
20
Elect ro-Pneum'icTranlO t
Electric
in
I
\l.\
l.li -\ at
General Electric Co N V Stock Exch Lawyers .Mort insur.100
loo
La w vets' Surety
Do prel See Boston list
Lawyers' Title ins. ..loo
Hartford (Ct) Elec Lt 100 197 200
Loiiiiard (P)prel
100
Narragan (Prov) El Co 50 t 92
Securities
Madison So Garden..] 00
New York & yueens Elec
-M-N
26%
lis
2d
1919
Light* Power Co. .100
27 \
For Weekly Beview o) Outside Market See 7th Page Preceding.
63
Mex Nat Construe. plloo
100
Preferred
67
Monongahela R Coal.. 60
Rholsl Elec Pro tec ColOO 119
Street Railways
Street Railways
Bid Ask Storey General Elec. 10
9
Preferred
Ask
Bid
50
12
16
NEW YOBK CITY
Grand Rapids By. ...100
26 % 2 8 hi U nit ed Electric of N J 100
MOSler Sale 'o
LOO
18
69
69>« National Car bon
35
Preferred
100 * 82% 84
100
37
4s 1929
Bleeck St & Ful F stk 1 00
Preferred
104 % Indianapolis St By See Phila list
LOO
J J 102
Unit ElecLt&Po Co. .50 See Ba It list
lstniort4s 1950
23
20
Nat Enam'g& Stamp 100
B'way <Jt 7th Ave stk. 100 246 250 J C Hob & Paterson.,100
Ferry
Companies
>4
M-N
81
Preferred
4sgNovl
1949...
82%
100
..J-D
101
102
i
1st mort 5s 1904.
11 34 12
17
Lake st (Chic) Elstk.100
Nat'l Gramophone
J-J 108
110
Brooklyn Ferry stocklOO
LOO
2diuort 581914
18
103 l4
Deb 5s 1928
J-J 103
NY&Blstes 1911. J -J 113 115 National Salt Bee N Y St k
Con 6s 1943 See Slock Exch list
Exch
Louisv St By 5s 1930 J<fe 8118% 120>n
National Surety
list
100
Con 5s 1948 See Stock
B'way Suit lst5sgu 1924 ni4 116
108 110
105
Lynn& Bos lsWSs '24. J-D 8113% 115
New Central Coal
Metropolitan Ferry 5s..
20
2d 5s int as rental 1905 J104
Minneap St By 5s See Stk Exch list
N Y <fc E R Ferry stk. 100 66 70 N V Loan A Imp
100
Cent'l Crosslown stk. 100 255
31
M-N 8120 125 New Orleans City By 100 29
M-N 4 95
NYBisouil 6s I911.M-S
IstM 6s 1922
1st 5s 1922
96
Preferred
100 104
Cen Pk N <fc E Kiv stk 100 208 219
N Y & Hoboken stk. 100 80 81 N Y El VTr ($20 pdilOC
199
North Chic Str stock. 100
Realty Corn
J-D 104- 106
100
Consol 7s 1902
Hob Fy 1st 5s 1946 M-N 8112% 114
J-J
185
1st 5s 1900-10
loo
J-L 4 92% 94
Nicholson File Co
Christ'rA 10th st stk loo 175
Con 5s 1946
North J ersey St stock 00
22 "a 23 hi New York & New Jersey
Ontario Silver
CohfcOth Ave 5s See Stock Exch list
100
81
4s 1948
82
100
JJ 105 ^ 107 Ulis Elevator com
Dry litli* Bat stk 10U 120 125
1st 5s 1946
118
Pat By con 6s 1931.. J-L 4126
75
1st gold 5s 1932... J -I* 115
10th & 23d Sts Ferry 100
Preferred
100
80
\ O 4103
106
PA 103 ^ 104 "a 2d 6s 1914
Scrip 5s 1914
108
Pittsburg Brewing
1st mort 5s 1919. ..J-L 4105
50
Rochester Ry (new). 100
34
36
39
Eighth Avenue stock 100 400 410
Union Ferry stock. ..100
Preferred
40
50
100
F-A 105 109
87
Preferred
Scrip 6s 1914
90
1st 5s 1920
M-N i 97
Pittsburg
LOO
Coal
97 h
Con 5s 1930
A-O 110
395 405
2
101
42d<Sfc Or St Ferry stk 100
Preferred
Railroad
IU 991 101
65
2d 5s 1933
70
42d St M <fc St N Ave 100
Pitta Plate class
LOO
.So Side El (Chic) stk. loo
114
108
1st mort 0s 1910. ..M-S 112
Chic Pco <fc St L prel. 100
5% Gh Planters' Compresa
.Syracuse Rap Tr 5s 1946 100
101
102
99
2d income 6s 1915. .JJ
Prior lien g 4 %s'30M<feS 4103
100
Plymouth Copper C0..I0
26
U nit Rys (St L Trans) 100
27
LexAv & Pav t'5s See Si k Exc list
90
Con mtgg 58 1930.J&J
Pratt A Whilli pret.,100
92
100
81'
Preferred
sj
1 5 hi
Ninth Avenue stock. 100 196 206
Income 5s 1930
100
17% Procter & Gamble
Gen 4s 1934
J-J
tk
Ex
Second Avenue stocklOO 212 216
88
89 \ Denver & South'ii See S
100
Preferred
list
14
1st mort 5s 1909. .M-N 8106H L07»4 UnitTi A; Eleo (Prov)100 109
110
Royal BakPowdpref.100
Detroit Southern
15
100
K-A a 19 120
West Chicago St
99*4 iOO
100
Consol5s 194S
39
ioo
Preferred
40 hi Rubber Goods Mfg See St
M-N
Cong 5s 1936
Sixth Avenue stock. .100 175
S3
Russell A Erwin
1st 4s 1951
J-L
S5
25
Sou Boulev 5s 1945. .J-J 8111 115
Ft Worth & Rio Gran. 100
Safety Car Ileal A Lt 100
tias Securities
'75^
So Fer 1st 5s 1919... A-O 41 OS 110
El ScA- Menipf
EC
Simmons Hardw com 100
NEW YOBK
Third Avenue See Stock Exoh list
$ 84 s4
loo
Refgg 4s 1936 ...
Preferred
So
Tarry
P & 5s 192b 103 106 Cent Union Gas 1st 5s... 4109 110
Mex National (w i) .. 00 14i4 14', •jd preferred
loo
Con (iaa (N V) stock N V stock Exc
YkersStRR 5s 1946A-U 103 105
37
Preferred (w i)
Singer Mfg Co
100
100
38
Equit Gascon 6a 1932 set sik E x list
28th & 29th Sts 1st 5s '96 108 HI
Prior lien 4 '-js 1926(w i) 101 % 102
Snap Hook A Eye
Mutual Gas
Twenty-Third St stk. 100 408 415
100 305 315
77
77'-. Standard Milling Co. 100
1st con 4s 1951 (wi)..
J-J
103 106
New Amsterdam Gas
Deb 5s 1906
Pitts Bess & L E
33
Preferred
100
50
35
1st consol 5a 1948. .J-J 107
Union By 1st 5s 1942 F-A 112 114
107 Hi
Preferred
5o t 63
5s
66
Westchest 1 si 5s 1943 J -J 106 108
N v Elec i.i UeatrffcPower
Seaboard Air Line Bee E alt list
Standard Oil Ol N .I..100
Gold 5s see N V stock Exoh list
Stand Under gd Cable 100
BROOKLYN
Industrial and Miscel
Nl'd; East River Gas
Sloas-Shemi lo Se< Stock
1st 5s 1944
J-J 8118
Atlan Ave 5s 1909.. A-O 4107
108
114
Aberdeen Copper
20
Standard
Couplei 00
26
28
A-O 113 115
Consol 5s 1945
J-J
108 110
Con 5s g 1931
Acker Mer & Coudit...tis loo
i'n fi rred
lmpl os See Stock Exc h list
Nor Un 1st 5s 1927. M-N 108 110
Amaig Copper
Stock Exeh list" snlhi -Bier<S Sm \' pi lOt
BB4\Vt0s 1933. .A-O lol 103 Standard Gas com loo 130 136 Am Agric ChemSee See
swilt a Co
B oston list
Brooklyn City slock... 10 x240 242
Preferred
100 150 155
-1
Amer Hank Note Co. ..50 63
"1
56
1st 5
M-N 4116 117
Con 5s t>ee Stock Exch list
1st 5s 1930
Am Bicycle Bee N Ystk Exch list Tennessi Oppi
Crosstu
J
-J
Ekln
5s 1908.
105
107
American Cau com. ..loo
19 \ 20
Texas A PaCiUC "ai.iO'
Bkn Hgia 1st 5s 1941 A-o 105
Preferred
67
loo
lsl 6a L908
68
OTHER CITIES
BkluQCoASub 6« Mk Exoh list
American Chicle Co. .100
83
in leG ar <S
86
11st... 00
Bklyn Rap Tran see stk Excb list
Amer Light & Tract, ioo 20
21
Si
Preferred
in inn Pottery com 100
ioo
38
a.
Coney Island <fc BklynlOO 320 330
loo
90
Preferred
92
Amer <.raphophone...lo
ir'4
i'n ferred
J-J 102
1st 5s 1903
103
Baltimore Cousohdai See Baft list
Preferred
in.w Directory
lo
8U
7
5scrtlsiudbt 1903. .J-J 101
50
Bay Stale Uas
1
Amer Hide a Leather 100
5 "a
nio n Copper .
7
BrkC A N 5s 1939. J -J 113 S, 114% Binghamton Gas
in. id si. el a Cha
Preferred
29
ioo
30
UrSUfcNcw 1st 5s '06 F-A 104
5s 1988
A-o i 98
96
urred
6s See stock Exoh Iis1
109*" Boston I lilted Has bonds Bostc II list Amer
Gr'pi ALontncr st 1st 6s 106
Locomotive 6eeStk Excb List
mSvi itch a Signal 50
Kings Co. Elevated
Buffalo City la, stock 100
S
Amer Press Assoo'n.lOU so
6
Preferred
1st 4s 1949 Bee stock Exch list
1st 5s bonds
7S
70 \ 72
[iew
com. .101
American Screw
m
LOO
Nassau Elec prel
100
S3
85
Chicago Gas sn-s
Stk Excb list
Amer Shipbuilding... LOO
36
5s 1044
A-O 113 114
Cincinnati Gas & Elec loo 102% 103
97
Preferred
2d
Loo
98
1st 4s 1951
JJ
ll.l,
97 »s 98 H, Col Gas L A Ileal com 100
lsl
Ain Soda i'oun com., loo
:;
84
87
6
NewWb'gtfi Fl 1st ex 1 4jS 106 108
Preferred
1st preferred
100
55
...
LOO
60
Steinway 1st 6s 1922. J-J 4119 121
1st 5s 1932
J-J 4 106 "a lo7'2d preferred
9
100
L2
Consol
Gas
(N
J) stk. 100
1
I'.MI
12
American
Surety
L75
50
OTHER CITIES
1st 5s 1936
JJ
... loo
79
SI
Amer Strain board
ioo
Buffalo Street By—
loo
Consum Gas (J City)
ei
Bonds 6a
F-A 100%
1st consol 5s 1031. .F-A
118
1st 6s 1004
M-N 4103 104
Am Typefo'ra stock.. LOO
common.
58
Deb 6s 1917
A.O 4105 107
Detroit City Gas
60
Amer Woolen ,s< Stock Exch
Chicago City KB slk.loo 201 202
Detroit Uas See N V Stk Excb list
Amer Writing Paper. LOO
2
Chic U nion Trac com. 100
Essex
Hudson
Uas
100
&
16% 17 h
,,i
33
Preferred
ioo
8
Preferred
loo
Fort Wayne (lud;
69
68>s
L919
Cleveland City liv
100
115
1st 6s ly'^5
J-J
48
51
Anthracite Coal
70
LOO
Cleve City 1st 6s 1909. J-J
.KC0...100
Grand Rapids Gas
Barney a >m lar
15
20
LOo
Cleveland Eleclr By. loo
1st
d
84
5s
F-A
88
1915
Preferred
8104% 105\
100 120
L27
Con 5s 1913
M-S
Hartford (Ct) Gas L...25
oal Iron a cok.
Bliss Company com
10
48% 50
50
Columbus (O) St By. .100
-Ms
Hudson Co Gas
45
loo
47
i'n [erred
28
30
50
Preferred
\\
sungii Air Braki
100 101 104
5sgl949
Bond A Mort Guar. ..100
101 102
Coluin By con 5s See Ph ila list
White
Mining.
Indiana Nat & 111 Gas Knob
100
Brit'h Columbia Copper 6
Crosst'wn lst5s'33.J.D 5110 113
Worthing Pomp prel. 100
1st 6s 1908
Celluloid Co
101
M-N 65
60
100
99
i Buyer pays accrued interest.
t Price per share.
W
1
l
loo
LOO
00m. LOO
'In lineal
<
1
Pacific ct Atlantic
13,968
ral
111
I'n
i
L3
16
40
General Cai
L24
fi
sales
1,638
2,786
4,917
2,856
Steel
1
i'n (erred
11
Bond
Unlisted
fl
Empii
is.-;'
<;>
1
loo
Einpii e Sta
70
4%
95%
i
II ki Jones .leu
M LU.pfd
nternatlonal loean.lOO
lsl
1st 6a L922
a £
Mexican Telephone Set Boato
Bosto
Rerring-Hall
Mar\
list
New Eng Telephone Set
si preferred
L26
Northwestern Teleg. 50 124
rn d
2d pri
N V,l N J Telephone 100 167 171
Iloboki n Land <v lupine
M-N 111 113
58 1920
Philadelphia
Bond
Iu
ehicle...
I'n
.
Vn listed
1
,
n;
HI
II
Listed
shares
1 1
1
i
Boston
1.1
40
34
I
Hudson RiverTelepb LOO
EXCHANGES
Oct 25
1901
j
t
A TelephoM
UellTelephol Buffalo LOO
in ral & so Amer... loo
Ches<S PotoTelepb 100
2 J
6a L909 29
Gold
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
Weekending
Irani]
I
Boat
Preferred.
Dial Teleg(JN x*)100
.
Total bonds
.v
Id
Tele«r
34.670
2,828,200
i-
,a-
1
01,191,012
£103,776
$12
..
100
las
5a L946
91J 10,886
.
iiL-
I
-^i
L900
L901
i
indCon Nai
iu Oct
8,90
10,250 $22,284,3
1
>\
(
StJosephGasSa
v\
L001
Par value
Wank, shares, pai
It 11.
$16,674 500
stock
Buehang*
Btoolca
1
onsol
Lsl
BOO
i6,100
i
948 See*
i
Total
.
«i .;
1,500
Gas Ou 1944
\. iwai
,n
N.
IS3.700
787.7S7
Wedi
Gas—
\\ Is)
i
1st
1
40
69
50
s.
70
90
1
64
110
115
"
"-j
91
1
14 5
1
<
1
i
62
1
90%
-
.i
1
Stock
I
I
I
.
1
rob
20
50
4
8
lo
14
45
179
16
117
122
117..
THE CHRONICLE.
892
Boston, Philadelphia and Baltimore Stock Exchanges
Share Prices— Not Per Centum Prices.
[Vol. LXXIII.
—A
Daily and Yearly Record.
Sales
ACTIVE STOCKS.
Oct. 21.
Oct. 19.
•
S86
386
167
•843
*198
SB
256
•344
246
104
166
*
194
181
66
144
34
68
•144
34
14".
84
3.'*
B!N
8-'
88
98
91
12
It
"6714
55
•64
145
34
145
•36
S7
92
84)4
92
2««
•81M
*98
•88*
1^0
....
" f* J08X are* 30f*
,
78 7-16 73* 78% 78
9-1
78* 78 9-1
80 6-16 *0* 8u 3-16 8'* 80 s-18 2'%
S8* 38* S8* 88*
88 8- ie
25* a?x 2CK •-6X 85 1 1-16 86
•2e* 2**
2.%
BOM
99*
88«
27*
•
6C* 60*
9P* »'N
87* 88
96*
ro*
28* 2f*
•50*
(,•%
857
168
857
167
•248
101
154
168
168
•844
Boit on
Shares
& Albany
Boston Elevated,
Boston A Lowell
/nil paid..
1MB
3*
t-
99*100* 10(* 108
101*
HhV
88
88* «(•* 89* 89*
8~* •27|4- 88
2-;* 28
27*
10
10'* 102* Union
102},
Paolflo
(Boston (....100
89* 8w»» Preferred
"
....100
27* 27 V, Union Traotlon, $17* paid. (Phlla.).... 50
•15* 165,
United Ry A Bleo. Co
If* 1614 •K«4 '8*
I6I4
1614
(Bait.) .... 50
94
98* 93)4 85* 98* 08* 93* 98* 08* West Bnd8treet.
•BS* 94 * •98
(Boston).... 50
Miscellaneous Htocke.
1-3
Amalgamated
92
fS*
90
88*
CopperT
89*
8^*
90*
80
87* 89H
(Boston). ...100
•21
•21
21* Amer. Agrtoul. Chemtoal 1..
•81
22* '21
21* •81
31* 81
81
"
82
....100
•87*
88
84
•80
82
82
81
119
118* isrx lie* 190
16* 116*
116 l'B*
167* 189* If 9 159* i68«a
•81
88
•81
83
120)4
ISO
121*
180
117
117
188
eeo
181
117
ne*
1
676
666
673
670
070
28*
S6*
£8*
87)«
20
81
20
srx
"26
V6
60
47
35
7*
•61*
86
8<=*
47
86
47*
78
73
86
26*
69*
85
72
5
y»"
•v.'.'.'.'.
184
21%
6*
86H
184
88
1
'Ya*
87
87
•12* 12H
77* 77X
6*
114
43)4
37
72
•77
78
asked rrioer
•7l"
J*
91
...
iss" 133
27*
87
28
113
42
27
26
12*
12*
INACTIVE STOCK b
bia
•7
4
4*
8
8
00
134
87
90
134
37
90
134
27
90
184
SH
26
38
43
87
43
27
78
STOCKb -bONDS
Hlu
Amer.Raliwa:s(Fhil) 5C
All A Charlotredalt) 100
Bos A Maine pf.(Eost) 101
100
Boston A Pror. "
4'*
Mill
dBrew assrpdS Bait 100
Oonn
River....
100
Consol TrPittsT(PhU)
"
170
6(
8P*
• • I
50
880
Fla. (Balt)lOt
lit pre/
"
"
07
87
* • • •
IS*
118
10(
100
Bd pre/
r'rmant'n Pass (Phil) 5C
"
6(
Hestony
5t
"
Pref
"
10(
Street
Inds
"
50
Little Bobuylk.
MAT
Maine Central. (Bost)l Of.
MlnehUl ABH.(Phll) 50
50
Kesqnebon'g V. "
50
Worth Penn.... "
Pere Marqn'te.(Bost)10(
"
100
Pre/
PhtlOerm & w.(PhU) 50
Phlla. Traotlon
"
RysCoGenerall
"
•
ie*
'
••
ee
Rhode IslMln..
•eeee* • • •
Santa Ysabel G
Seattle Beotrio
•
79
86
08*
'X
...
UnPowATrans
WestNYAPa.
•
50
7
Wis Cent, new. (Bost) 1 01
21
40
Pre/
100
10(
"
WorNashAR.
"
114
118
5(
"
ee
•
e 1
ee*
21*
4i
140
ISO
MISCKLLANHOUe.
Allouei Mtnlng(Bost)
An.er.( oment (Pr ill
.
Am Geld
DredglPnst)
If
K
"
61
Prel
"
2:
Arcadian
"
8:
Arnold Mining.
"
Sf
Atlantic Mln'g.
"
2f
Baltic Mining..
Beth steel ....(Phil) 5<
Boston KleoLt (Bost)lOi
Osnnbrs Iror (Phil) 5t
Camb SDrexel rect " ....
Oxi
... (Bait) lot
ocu
Centra) Oil ... (Bost) 2:
Con J* ercur gold "
<JnmbTel & 1 el " 100
.'
Dfly-West Mlu
"
S.0
DanvBe8semer(PMi!
DeLong H & E
Dlam State St..
»
r.
"
"
6*
ex
*'
(PhD) 60
Amer. 1. A 8
AmFneum6erT(iiost) 5
• •
IX
37*
43* 45
2
87
• I • •
•
48
100
7
N
It
•
8*
«*
101
*X
8
Warwlokl AS.(Phll) 10
Westm rel Coal "
50
Winona Mlnlng(Bost) 88
8*
35
63
88*
16
£«>*
23
23*
ee
1 •
•
• • •
•
e*>»es
• •
•
•
,
37
2X
J*
6u
85
{100
6i
IPO),
103
Adjustment g 4s.. 199^
«8
Boston Term'l 3*s..l947
116
Bos Un Gas 1st 5s. '39 J AJ
»3
2d M 5s
1989 JAJ t 50"
BurA Mo R1T ex'pt 6s.J AJ {118*
Non-exempt 6s. '18 JAJ no8
4s..
1910
J.*.'
5ioo
8X Cb4NoMgti5i.'81M^ {'06*
8* Chi A W M gen 5s.'21 J AD {lot*
186* Curr't BIT 1st 5s.'27 AAO
D G R A W 1st 4s.'46 AAO {"OP*
33
88
4X
50^
"88
30
fund
88
I
12
-
i'n
9*
Income
5s.
,
, ,
KC8tJoACB7s.'07JA.'
LRockAF81st7s.'05JA
MarHAOnt6s...'25 AAC
Mex Cent
4s a.. 1911 JAJ
1st ocn inc 3s g non-oum
3d oon lno 3s non-enm..
MAN
10s*
64
)
tr
s
98
110
128
100*
•
••••
116* 117*
• • • e •
• •
•
314 113* Oct.
830 151
163 680
Jan.
*
'84
Oct
7
860
39,180
4,055
13
1,630
840
9
6
3,091
18
O
88
23
40
32
28
Jan.
62*
4*
195
7,819
384
Feb
1
78
Ang.
May
'6
51
99
Ocu IS
Bi
1
Oct. 85
Jan.
Oct. 21
Oct. 23 18
F«b. 14 00
4 •4«
Jan.
7
Oct.
38*
4* July
645
132
31* Jan.
10* July
25
May
574 118 Se t.
88' Su* Feb
Jan.
Jan.
Jan.
18
S
13
41
Jnne 30
£ '*8* Jan. 8
1
44 Pept. 5
4
30 Sept. •
Mar 80
8 .7
65
Apr. 18
16
Ang. 31
1C
75
4
80* Sept. 17
t-
Baltimore—Conolu'd
Ya (State) 3s new.'32JA.
1
•
Hestonr MAF oon 5s. 2HA B Top oon 5s. 25 A %0
'
87*
110
114*
90
• e
bi
51* 51*
ne
.
Leh V CM lst5sg.33JA
Leh Yal ext 4s.. 1948 JAI
1910 MA
1923 JAI'
J*i>
Annuity 6s
Nat AspLalt 5s. 1951 JAJ
2d 7s
Consol 8s
Consol 6s 0..., 1905 Yai
1919 Yai
Consol 5s r
Penn A Md Steel oon 6s
Pa A N YCan 7s.. 08 JAI
Cons 5s
1939 AA<
Cons 4s
1939 AA<
MA
Penn
1*08
Steel 1st 5s. 17
People's Tr tT certs 4s.'4
Phiia Bleo gold trust otf s
Trust cents 4s
PhAErgenM 5g.'20 A.!t(
Gen M 4s g.. 1920 A*o
86
33
88
4th ser 3-4-5S.1921MA6
5tb series 5s. 1926 MAB
ieae1 • • • •
•
•
• • • •
ne*
108
124
125
114
185X
110
82* 82*
110
06* 95*
72
78*
106
114
120
1
12
116
86*
106
0e*
lllk»
•
• I I
see**
<30
•
•*
18-* 137
.28*
•
•*••
132
80* 37*
New'kConGas 5s '40 j«w< 107 107*
Newark Pass oon 5s. 193'
NYPhllANorlst4s '39JAJ i05"
Inoome 4s... 1039 MA>
88
No Penn 1st 4s.. 36 MA.'Geu.M 7s
1903JA 105*
Penn gen 6s r... 1910 Va
84
MA.
97* 97*
117
121
,
MAt
*
HO*
119
Hi u&l'lst4>»s 29M&i>
Bl 1st 4s'4i).M Ar
2d series 6s.. 1911
3d series 6s.. 1916
US
111
tl
II.*
Un Ry A
84
68
112*
Lehtgh Nav i*s. 14 y-.
RR4sg.
1914 Q-r
Gen M 4*sg. .1924 Q-i
108*
Income 4s 1949. ...JAD
Mid 1st 6S.1906 MAt-
08
H2*
Its
Ytrg
flr*
110* 18 *
t'4* 1'6*
18 * 123*
101*
So.Bound
116*
9P*
88*
Ry
1
l.
08
06
.1
5s'10J<v
Clt's'8tRy(Ind)oon5s. 3
ColumStRy lstoon5s.'3
Con Trao of NJ 1st 5s.. 3
Del A B Bk 1st 7s.'05 FA/
Bast AA 1st M 5s. '20 MA
Bdlson Bleo 5s stk tr ct f
BlecA Peop's Tr stk tr ct r
BlmAWUm 1st 6s. 10 JA
Inoome 5s... .2862 AA<
Bq 111 Gas-L 1st g 5s. 192
1
90
AKfe.
1
Bxtlmp M4sg.'47 nu
88
{107
{116
{105
1)18
i
81
80
30
Bid.
T
Fund debt2-3s. 991 J A J
West N Coon 8s. 191 4 J A'
WestVaCAPlstOg.'llJA
WU A Weld Ss. 1935 JA
Con
AAO
»pr.
Mar.
4s. .193--
New OrlGas 1st 5s...Yai
NewpNAOPlSt5s'38MAN 105
st 5s '41.
Jan.
8
Feb. 18
Feb. 18
8
Jan.
Indianapolis
18/
1.4
8
8* Feb
1!<
100
103
Jan.
7*
8*
88
t.
3
79* Apr. 18
1
122
181
6
Sept. '3
1,485
8,15
40
3S
Mar.
Jnne 11
34* May 8
65X Jnly 10
3^X Apr. IB
25
t
4
802
8
8** 90
80 127*
1,830 28
May
3*
16* Mar. v7
115
U8
Jan. 12
X
Mar 4
7 182* .'nne S
2 180
July IB
Ter 1st 5s. 1026 JAI;
BergABBrewlsl6s'21JAJ
Cambria Iron 3S.1917JA
ChesAD Can 1 «• Ss. 6 A
ChocAMem st5il94»JAJ
116* lie*
••••••
8*
2*
Bo
Apr. >H
'
109
120
109
1
8
Mar. 89
Apr. 88
120* Jnne 18
4* Jnne 13
91
June 18
XJuly
*
B
Jan.
'9
8
8ecAvTn(Pltts)5s'34JAI'
Sst Fla A West 5s '34 A A«
seaboard A L 4s 1050....
neab It Roar. 5s. 1026 J A.'
102
1
7
Oct.
Oct.
Jan.
118
(
37
Balls
5s
1030JAD Hi* 114
Ga AAlalstpf5sl045AAC
GaCar AN1 st5s g. 1 929 J A. 1C9 109*
1
133*May
99 May
Binds- JPhtlatielehlii
3d 7s 1910
AAO 104*
CltyASnb 1st 5S.1922JAD 115* 116*
06
0i
CltyABub(Wash)lst5s'46
Col AGrnv lst5-6. 1 9 1 7 J AJ 121
128*
Consoi Gas 6s. .1010 JAD 118* 'l.-H
Maryland Brewing 6s ...
Met8t( Wash 1st 5s'25FA
"0* Jnne 31
54* Sept. 80
Jan. 3
Jan. II
i
Jan.
Jan.
ChuoukAGgeu
97
B
ion
AlleVy Eext7sl910A*' 132 134
Asphalt Co 5s tr ctfsl940
51* 58
Atl City 1st 5sg..'19 Main 113
1
GaSoAFla lst5s.l945JAJ
KnoxTTrao lst5s '38AAO
Lake R Bl slgu5s'42M Ai-
39* May
9
H
BONDS
Bxt A Imp 5S.1932MA8 118 120
ChasCltyRylst6s'28JAJ 106* 108
9o
03
Chas Ry G A HI 5s '99 M A8
CharlCAA ext5s.l9C0 AJ 118* 181
St>orglaPlst5-6s 1922JAJ
1
11 '•* "ft.
9,69'
54
.
Consol 5s. ...1932
in 148
Apr. SB
4
S*»4 May
1
If 45
July
1
17 98
Jnne 11
NorthCent4*s.l925AAO
JAJ
6s 1004
Series A 5s 1926.... JAJ
Series B 5s 1926.... JAJ
Pitt Un Trao 5s. 1097 JAJ
PotomVallst5s.l941JAJ
104
100
K C Ft BAG 1st 7s.'08 JAD { .... 114*
K C F SAMcon 6s.'28MAN 181
100
K CM AB 1st 4s.. 34 MAf
KCAMRy*B5s.'29 AA<
20
80
66
• e •
May It
58* May IB
2'
.
83*
804
U'O
850
6
Atl Coast L ot/s 5s .J AD
Bait Beit 1st 5s.l 09OMAN
BaltCPaslst5s.l911MAN
Bait Fnndg 5S.1916 MAN
Exchange 3 *s. 1030,1 A J
BaltAPlst6sml 1911 AAO
1st 6s tnnnel 191 1.. JAJ
Bal Traolst5s.l929MAN
Bit A Imp 6s.l901MA8
No BaltDlv 5S.1942JAD
Con v 'rtlble 5s 1 906MAN
Central Ry 8s., .1912 JAJ
163
185
3' 75
Oct. 10
»•'* Jan.
8
"SCO
{lit* 111
{107*
{102*
..5s
JAJ
AtlG-Llghtlst5sl917JAD
15 800
Apr. IB
July 17
Apr. 88
Apr 84
Jnne 19
Apr. 8
2)
110
AAO
AAo
81st5sg.'25 AA(>
A Pot
1st 78.1907
May
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
15
51,447
8C
ABfc
•
u
24* June
50
I
(•••••
265
190
248
3
1"
Norfolk St 1st 5s '44. JAJ
1st 6s '33 end {137
{185
Cnst'p'd 1st fls.'SS
Ulln Steel oony 5s.'10 J A- (100
Debenture 5s. 19 1 3
(100
BCCA
A Ch
82
60
MaconaNlst4*s'90MAS
ioe*
Domln Coal lst6s.'13MAb {110
^bSfn 1st M 6s g.'06 M Air {111* 118
Fr ElkAM V
773
14,24
I6S
1,5'8
1,800
80
.
-b 1949 JAJ 1101
Seat Elec 1st 5 si h3uF a a «,04X
...
Turniigtun 1st 5s 1018.. »•«•»
West End 8t 5s. .'02 MAN »..., 102
Atl
9*
24*
78X
1,87^
....
Rut-Can 1st
Anacostla
18
165
"ae*
Beil Tel 4s.. 1908 JA.
YAN Bng lst7s.'C5 J AJ
mort 6s.. ..1905 JAJ
Rutland 1st 6s. .'03 MAN
1st
4*s
1914 MAS
Deb 4s
1916 MAN
Bonds— Baltimore.
25
85
UnCopLAM'g
UnElLAPowpf(Balt) 50
United Frnlt (Bost) .100
25
U 8 Mining .... "
" 4-8E
Utah Mining..
Chloago J uno 5s. 1 9 1 5 J A. {llf*
98
8
28
Easton Con El. (Phil) 60
Edison El Ill..(Boet)100 240 845
ElecCoolAml, (Phil) 60
f«
17
Franklin Min'g.(Boat) 26
17*
" 100 858
General Elect..
280*
" 100
Pre/
" 100
Ind-Egyp Com
«H
"
Int But H & 8
10
1
IK
Int SP&Dynam(Phll) 60
He
Isly Royale1i..(Bost) 26
88* 24
Mannfac Rah.. (Phil) 60 ..... eeeee*
"
Prel
60
M
100
100
Cent Yt 1st 4s 1930.. Q-F I 85
Ch Bnr AX 4s. 1922 t&A ^101
Iowa Dit 4s. 1019 AA< (....
"46*
Domln Coal pf. (Bost)lOO 116
Domlron&S.ll " .... 27
"
"
"
Pref
811 k
.11*
07
1
ATA8Fgeng4s.'95AAO
•
6*
6X
e • e •
160
4
6
Tidewater St... (Phil) 10
Torrtngton"A"(Bost) 2.'
Am
5
• I
8
80
1
14
ma.
N
88
48*
"
......
1108
NBGas AC 1st 5s.. 1937 1 53
NewBngTele5s.'18AAO {103
6s
1907 AAO {104
43*
26
8% WolTerlne Mln. "
Bonds— Boston.
III*
4
• e e e *
i^.
10
10
10(* 101
38* 38*
1 **
Snsqnel ASH.. (Phil)
5
890
300
Tamarack Mln.(Bost) 25 on
• «
Rutland pre/ ..(BoitUOO 1CB»» 107
Ot.ui/ ^ J.... (Jfhil)lOo 218* 870*
West Bnd
WestJer ASS.(PhU)
*H
"
"
"
Pref.. .,
5*
5X
4X
Highest
jnne 18
305
1 213* Apr. BB
4,765 69
May V 81 Apr 8B
<
61 9 6 12* Jan.
34 l-16Jnne4
3,17 32 3-lfl.Jan.25 404 Jnre 17
39,470 19 Jan.
4 99 7-16May 1
(Phlla.) ....100
.(
Boston— Concluded.
e* NewEng congen5s'45JAJ
v<* N B CotYarn 5s 1929FAA
"*3X
13*
8
25
....
A M/g ... (Boston) ...
BONDS
Asa
6
PlantergCompl ( Bost) IOC
"
2E
ynlnoy Mining.
61
• I •
108
78
84
Preferred
a3 p '1 l-'6
5
,
169*
5(
3C
pref. (Bost) 60
8
Palmetto
ParTott811ACop(Bost) 10
Penn EleoVeh. (Phil) 50
"
Pre/
50
Pennsyl Salt... "
50
"
Pennsyl SteelT.
....
"
100
Pre/7....;....
"
Ph'laCo
50
iniii •III*.
•
Westingh. Bleotrlo
78
175
"
25
Co.... (Phil) 25
0a Bonth A
73
12
Osceola Mining.
64
48
Pre/V........
Welsbaoh Co
1
"
10t
iar<renthaier..(Bost)10C
"
1'
'"TTelcohone
NewBngGsAC 1 " ...
5
(Phil)
NewHav 1A 8.
Old Col Mining. (Boit) 26
Pre/., esst.pd
•••••
"
States Oil
4b
*
A ok.
•
43
27* a-*
13* United
M 18CBLL.— Concluded.
100
88*
118*
•18*
25
"
"
6*
•47
•73
•75
Oct.
OonnAPassnm
87%
85
113
42
73
77
77
4
5
ua
12*
.
4*
8
kAlLROADS.-Frtee*
155
160
300
160
870
73
77*
86*
50
....
Lake Superior
(Phlla.) ....100
"
ire/erred
.,.,100
Dominion Coal ......,,
(Boston). ...100
Brie Telephone
"
....100
,,,
Lehigh Coal A NaTlgation.. (Phlla.).... 50
Marsden Col
"
,...100
National Asphalt 1 .,,,,....,
"
.... 50
"
Pre/erred!
.... 60
,.
NewEng. Cotton Yarn, pre/. (Boston!.... 100
"
New England Telephone....
....100
Old Dominion Copper 1....,,
"
...
28
Philadelphia Bled 5 paid.. (Phlla.)
Tr.nlty Mining
(Boston).... 25
United Ga» ImproTnment 7. (Phlla.).... 50
United Shoe Machinery..,, .(Boston)..,, 85
Preferred .,.,,
.... 25
30
M
<K
72* 72* •73
"72)4
•77
78
78
no isle wa marie
"
.......
Consol.
48
46
25
4
8
19*
24
820
2C
,...10(
(Phlla.).... 5C
Preferred!
"
,.
....10C
Am er. Telephone A Te). Co..
"
....100
Calumet A Hecla
'•
.... 25
26* Camb.8teel,$l8w paid reots. (Phlla.) .... 50
19
Centennial Mining
(Boston).... 25
62 ( nnxoMdated (in(Bait.) ,...10L
«M
28
118
42
27
26*
1,067
653
25* 25*
Bt* 88*
35
72
5*
113
48
87
IS*
13
•
3,40'
"
,
American Alkali
Preferred, 810 paid
*
•61*
30
78
5*
Sf-*
113
42
27
88
4*
Preferred t
100
1CR 14*
eo 126
8,174 87*
800 45
30 139
116)4 116*
35
4
8
*
H
688
88
18
676
87
19
63
56* as*
68* 89
46* «i*
86
88
lit* 120* American 8ngar RefJningI (Boston). ...100
26* 26
88* 69
48* 4e*
71* 71*
4H 4*
S
134
27
87
19
1894
81
Lowest.
802 351 Jan.
808 180* Jan.
""85 388 Joly
15!* 158* 159
ae*
•61* P2
"90" '06'
•71
79
•71
113
48
27
13
U«
86*
4*
2r* 2r*
87
'VsV'
26
c*
e*
6*
62
!<5X
39
37*
•87
68
675
87* a-*
•71*
92
184
'
168* 159
•666
68* 66*
46
46*
47
B
159'
070
2** 37*
18* 80
el* 61*
6919
90
871s
82
Range of Bales in 1901.
Railroad Mteeke.
(Boston).... 100
"
....100
"
....100
li'/iton A Maine
"
193 194
198* 104
....100
•164
ire Ohio. Jnno. 4 Cn. Stock Ydi.
1C4
154
165
"
....100
188
•181
181
Pre/erred
1F2
"
188 •131
....100
6-7* 68
68
68
Choc
Okla.
A
O. truit certs. (Phlla-l.... 60
68
88
53* S3* Preferred Tr. cert/i
"
68* 5HH) •5 * 65
.... 50
145
Fltohburg, pref....
•144
145
146
146
(Boiton)....100
"3444
Lehigh Valley
84
34* 34
31* 24*
(Phlla.)'.... 50
36
87
Massachusetts Bleot. Cot. 1.(Boston)....100
86
87
36
37)4
"
94
93* 93V Preferred 7
92
94
99
....100
2V* 82* Mexican Central
•8S* 88* •22* 98)4
"
....100
•98
•93
•99
99
Northern Central
100
(Bait.) .... 50
anf-* ibV* •20'*
208
(lid Colony
(Boston).... 100
344 Penmylvanla
78* 15-lH 73* 15-16 78
(Phlla.).... 50
21 l-i H 31* Reading Company
"
20* Sf*
t
.... 5t
3« P-16 £8*
lit preferred
"
•saw 8)-*
38*
.... 50
8-1
3f*
27
1-18
2d preferred..
"
2» 28 HI 28
18*
.... 50
26* Seaboard Air Line
£8* 26* SP* 2eX »*n
(Bait.) ,...100
CO* 50* •60* 5r* Preferred
"
80)4 5(*
....100
167* 167*
194
156
67
6
25P* 95«* 867
366
Indloates unlisted.
If
Oct. 25.
Oct. 24.
•94 4
181
»6*
•SOB*
Oct. 28.
3T6
167
845
I
8*
•6<* 66*
68*
es
64*
144
84
16<*
163
181
181
Oct. 22.
188)4 •166)4 187
S67
•••••
ice*
•244
•198
Friday,
Wednesday Thursday,
Tuesday,
iaiuruay,
of t\e
Week.
Ph A Read 2d
5s.'SS
7s.. 1911
Consol
M
Con
6sg...l91i
M
M
AAO
JAD
JAD
116*
100*
95
106X 107
100
ee
12
109
129"
AA
Read Co gen 4s, 1997 J A
Rochester Ry oon 5s. 198^
SohREtiidelst5s g'35J AJ
Scran Trao 1st rts '32MAf^
nnTraoPittsgen5s'97,TA
Welsbaoh s / 5s 1930. JAD
.
••••
*e*e
12J
•
,
0/ '82 4s.'37 J A.
Terminal 5s g. 1941 uP Wtl A Bait 4s. 1917
Collat trust 4s. 1921 J A
And
U8*
Mil
ne**
188*
•
••'
»6* 96*
s
• • •
•
111
li'e*
Interest
•Prtoe Includes orerdue ooupo
74
OCTOBEB
THF CHRONKIK
20, 1901.]
393
Investment ami Railroad intelligence.
RAILROAD EARNINGS.
The following
table shows the
Sn
everv
gr<
\m railroad from whirl,
can be oh auifd. The Brs1 two oolumos ol figures give the gross earnings for the
columns the earnings for the period from .luij l to and Including Mich latest wok
The return* of
Notice
4
'/<<
railways ore brought
street
Our yearly
linngc
now
totals
July
Latest ffraM Warnings
BOADB
Month
or
An
Adirondack.. .
Ala .t Southern
Alu Midland
.v
Ala
lexa
.
J.
A
Ala*
Vnli.-iiY
September
septembei
ill Wk Oil
August ..
lUgUSt
.V
i
i
Top
Atlanta A
Atl
A:
Know
Atlanta
.
SeptS
Ann Al or
Ami Wash Ac
li
wk 00t
one
..
Pao Juno
A:
Bai
S Ft"
bar.
A No
W
.
In
i
September
Pt
All ('nasi Lino
Atl Ya.d .v West.
.
'It
A gU8t ..
September
154,978
77,05
71,383
35,93
1
1
1.9
1
lions
2O.0
43,238
76,89
1
81,574
5,319
52, smi
36,34]
47,085
500. -i.
L6.829
L2.830
Ma.\
Alalia A North
20,422
9,799
8,7 LO
Bait & Ann 33 L.. AUgOSt ..
Bait A; Ohio
1,107,390 3,927,256
September
B a o Boutbw.
li 1,751
L08.733
Bangor a. Aroost August
3,172
Bath & Haiuiuoi August ..
5,029
2,707
Bellefonte Cent' September
Brldgt A Baoo K. Lugus
5,938
4,536
132,313
13 1,7 is
Bull Koch & it 3d WkOot
Bnllalo AcSusq... August ...
53,000
63,879
125.09(1
BurlC Rap Ac N< -it wk Oct
133,482
Canadian fa.it! ,;.i wk Oct
809,000 598,000
107,705
107,300
Oent'l or (ietuvni id wk Oct
58,1102,921
Ceut'l Now Eng. August ..
Ceut'l of N Jersej September 1,1 13.845 1.2 17,12s
111
1,811.20 1,733,055
Central Paoltto.
2,103
Cent'lPa Ac Wes: June
2,386
Cliattau South' n. 2d wk Oct
L.843
1,466
wn
Oct
323,930
351,959
Chesap Ac Ohio... 3d
Cine & Alton Rj September 802.694
833,871
Ch c Burl A Qulu August .. 4,979,672 1,5 15,718
Clue A E Illinois. Jl.t wk Oct.
118,063 116,928
150,205
Chi Gt Western 3d wk Oct
165.097
90,570
83,875
Chic Ind AL'v... id wk Oct
3d wkOct 1,023,9 15 973,341
Chic Milw <& St
Chic A North W'l) September 1,270,720 1,002,110
Ohio Peo A St \,< September 118,720 112.251
St L Ch A St 1* ^
Chic K l & Pao... August .. 2,990,072 2.600,977
Chu St P M AO. August
974.307
1,119,32]
30,282
27,181
Chic Term Tr UK 2d wk Oct
ChocOkl & Gulf. ^d wk Oot *110,39 1 "81,519
Cm N O AT Pac. 2d wk Oct. 97,0 17 94,190
373.235 370,823
ClCln Oh Ac at L. 2d wk Oct
Peoria A? East'i 2d wk Oot
51,301
48,453
Clev Lor Ac A hee. September
172,132
239,542
Colorado A: Sou 3, August
10 1,980
471,111
Col Newb A Lan. vugust
13,720
13.515
2 1,551
Col Sand A HocK 2d wk Oot.
22, 071
Cornwall ALeb.. August
33.081
37,131
Cumbrrl d Val e.\ August
100.250
110.424
Denver A Kio Ol 3d wk Oct 257,400 214,400
Detroit Southern id wk OOt
2 1,980
27,002
Di i & Mackinac. August ..
68,932
74,581
Dul So Bh A- Atl.. 2d wk Oct.
50,005
49,869
E St L & Carond. September
13,250
12,528
Augus ... 3,830,653 3 is 1,272
Erie
E\ ausv & Indian 3d wk Oot
0,518
0.013
Evansv A: T 11... 3d wkOct.
30,515
30,605
Find Ft W & W
September
9,010
9,635
FtW ADeuvCitj August
101,353
184,298
August
Georgia KR
139,428
127,520
97,101
Ga South Ac Fla. September
99.226
Val
Gila
G A N.. August
25,101
30,75s
Trunk
wk
Bteoi
505,11.,
Gr
Sj
2d
Oct
612,759
GrTr Ac West'n 1st wk Oct
98,544
71, s(in
Detur H AcM.. 1st wk (Jet
20,82
21,982
Great North'n —
Bt P Minn Ac M Septembei 2,859,299 2,308,973
East'u of Minn. Septembei
505,000 396,240
Montana Oent'l September 172.003 171,037
Total system. September 3.596,962 2,876,850
Hooking V adey.. 2d wk uct. 111,43]
102,011
Ho us Ac Tex Cent July
387,0911
295,011
Hlinois Central.. September 3,358,000 3,112,62]
Illinois Southern September
11,923
10,525
Did Deo At West'L April
53,110
51,965
Ind 111 Ac Iowa... August
140.130
93,013
Int Ac Gt North'n 3d wkOct.
111,787
13 1,-1 SI
Wk Oct 5
Interoc(Mex)
74,000
82,000
Iowa Central
3d wkOct
54,908
47,300
Hon Railway
S 'pteiuber
1,020
6,129
Kiii.au ba A: .Midi 2d WK Oct
22,300
15,629
Kan City South'u September 411,837 300,07Lehigh A; Hudson September
32,468
37,037
Lehigh Vai RB.. August... 2,445,738 2,313,919
Leh Val Coal Co. August... 1,779,025 1,813,505
Lexiug Ac East'u. August ..
35.729
3 1,830
Lou Hen .£ st L.. September
58,701
56,887
Louisv JB Nashv. 2d wk Oct
598,170 570,880
Macon <te Bum... eptember
8.470
10,187
MauiKlHiuSeptember
2.49]
7,282
[Mexloan Central 3d wk Oct
319.037 310,200
Mexican intern'! August
498.5 l'i 410,057
{Mexican Nat'l.. -d wkOct
137.190
123,602
Hei lean North'n May
43,892
56,240
{Mexican Rj
Wk Oct 5.
81,000
79, loo
Mexican fconih'i 1st AlcOot
1 1,107
14,430
Minneap & Bt L. 3d wk Oot.
75,401
73,0 10
MBt P Ac 8 St M. 2 wk Oct. 125,081
81,482
(
5
1
L6.35]
9,704,573
l'»
231.460
22,90(1
i
1
2
1
10.370
7 10,689
1,1 L3.03I
1
i
10.103
7
160
496.629
10,846
7,950,891
231. 10O
123,279
702.472
1,023,.,...:
67,279
250.450
19,470
150,00
20,23 s
,122
1
12,033,122 ll.3is.717
v
i>
243,710
5,566
14,169
9,566
2,123,2.3
120,521
1,661,240
Ll.551,007
2,087,676
.
.1
V
1
1
.
1
i
210,03
5,740
7. -Os
7,661
1,868,208
oo,2s;,
1,520,139
9,596.6 15
2,002,355
123,072
4,128,-53
1,733,055
24,430
5,31 1,803
4,893,223
2,450,572
8,453,016
32,
1
2
1
1.587,9 .-9
2, IS 1,2 13
2,251,-0
1,379,005 1,202,259
1,57 1.003 13,287,100
1
1
12,459,790 11,512,039
351.487
320.289
5,787,531
1,900,558
4,899,90 1
1,707,732
•100,389
413,700
'1,083,390 •1,002, 285
1,570,370 1,414.427
5,732,790 5,078,007
750,017
008,415
935,686
611,801
531,431
790,020
25,277
312.109
2 1,509
383,099
72,880
55,7. ,9
194,312
183,207
3,932,462 3,749.318
340.O12
384,476
137,000
148,325
s
49
822 868
37..
30,775
7,353.346 6,099.280
112,813
108,870
45 s ,2 23
483,725
29,1-2
33,137
350. 1
307.387
219,951
267,516
314,027
291,450
52,143
66,807
8,850,081 8,196,820
1,158,777 1,007.915
311,974
304,235
1
1
,
l
1
7,375,
1
17
1,525.836
-192,835
9,303,818
1,580,714
387,099
9,917,590
35,299
591,077
272,101
1,436,669
990, "oo
748,90s
18,860
291.88
1,182,737
102,836
A OS
III
MSX
Gull
Naau cii Ac Bt La.
-Oal-Ore
Nevada Central
Mi.nl
A-
5,895,30s
1,135,268
523,010
7,551,252
1,387.702
295,641
8,031,232
31,05
505,007
1
596,506
1,0-0,000
204,410
1,135,754
1,726,645
Wo
Ki\
September
i'eai
1
ear
*
I
1.711
6,000
2-.OOI,
7-
i.i
ii
mi
3,085
470, iOO
121, lo-
625.6
::
1
1,',
25.0O0
688,000
2,413
1".
1,1
120,51:,
02 1.-70
:
1,89
3,013
3,096
Norfolk A Wesfl id wk Oct
Won hern Central August
692,936
673
Norlli'n 1'arllie.ii
0. Little Kan.
981
18,519
806,2 10
15,1 -0
32,132
Y
M
Sus(|
Hud
A;
West.
A
A
Pacific
Anirii
augus)
A
.
lit
1
1,849 19,42
1,1
6, >89
231, 130
507
328,193 4,87i
N V
A:
N Y Onl
...
2d WK Oct
August -.
3d wk Juli
Coast Co. August...
32,315
390,02 1
April
-.17:,
17.2:
970,2
420,20
1,3
P
CJ A St
A Wesfn.
C
ttsl)
J.
1
,
Plttsb CI ac ToJ
Piitsb Pa A F.. July
otal system... 2d wk Oct
i
Plant
System—
179,820
94,950
52, 105
..7,olo
75,377
548,629
1,01
2, 513, 70:
5,3u0,17(i
2j
September 1,829,236 1,518,17222,095
129,358
92
95,256
5.410
510,023
355,867
1
July
1
4,0 1,377
1,271,551
.0,11- 10,101... 13
31,2 11
,696
1
Pllthb
1
1
:
Peunsi Lvania§... August... 8,388,101 7,401,981 16,010,056
r-nii Ac .North w'n
569.671
17.384
50,298
lsl.lOli
103,589 2,850,219
Pere Marquette.. 2d wk Oct.
August ..
70 1,330 547,128 1,30
Phtla A Erie
1,07s, 227 1,122,227 2,0
..
La wiiin a B.. All.' li
1
1,192,056
-.774
1,000,210
2,001,005
4,62
179.820
95o
129
74,873
52. lo5
1,302, 75-
1,129,190
524,509
1,178,209
1,121,780
4,833,931
4,317,1-0
9,151,420
4,707,295
J/,019
")
Ala Midland.
Brims & W'n.
Chas A Sav. ..
Bav Fla A W.
'
1
August
f
SilSOc AG..
Beading Oo.—
Phil A Head
August
2,594,250 2,507,517
2,12 1,0-3 2,465,231
Coal A IrCo
August
Tot both Co's.. AuKUat... 5,019,233 5,032,77s
Rich Fr'ksb A P
82,110
00.021
ugust...
Rio Grande Jet.. August
52,390
49,707
Kio Grande So... 2d wk Oct.
10,201
10.795
Rio Gr'de West.. 3d wkSept
111,000
99,700
September 104,111
St Jos AGr I
128,571
11,003
11,325
St L Ken'et Ac So. S-ptember
August
St L A N Ark
10,050
19,875
•105,013
st L& San Fran g 2d wk Oct
386,716
175,208 177,707
St L Southwest
3d wk Oct
StL Van&TH.. eptember 177,282 171,171
225,2(15
San Ant A A P... August ..
San Fran
P.. September
112.863
103.267
S Fo Pies A Ph.. 2d wk Oct
17.099
17,987
Sav Fla dc West.. August
fT> 18,1,20 / 52 1.5O0
Seaboard Air L. 21 wk Oct. 210,310 221,235
Sil Sprs O A G
20.017
10,700
So C A Ga Ext ... September
20,9 11
20, 13
So Haven A East. August
9,602
8,682
Soiuiiern Ind
31.310
57.150
September
So Miss Ac Ark ... Sepl ember
L8.961
18,055
So PaciHoCo b... August
7,18 1.092 5,997,862
12,s.;n
Austin A No'n. May
20,122
Carson & Col. July
10,373
1 1,068
cent Pacific
July
1,84 1.291 1,733,055
167,829
101,1-n
—
.
107.0 11
1,21s, 200
372,001
37,230
41,673
5,904,536
2,174,10;
.
1,056
307,1332
272,079
&N
.
.
1
Direct
Nav Oo July
2,8 18
1,943
559,055
20.052
13,770
64.880
480,19
26,495
8,477
Gal Har A S A July
Gal llous A is'o July
(.ulfW. T. Ac P. July
Hous. E &.V.T.
Hous. A Shrev. July
Hous ATex Cen July
387.099
lberiaAV'eriu'n
IjOius'a West... July
3,938
137,7 10
Morgan's
13.391
'
'1
26
i
.
1
10,001
1,676
1
05,31
161,893
57,054
1
53.241
13,815,451 11,73 1,157
250,450
10,373
1,844,291
2,828
559,955
29,052
13,770
64,880
1
55,o n
8,112
295,0 11
2.450
13,391
156,004
11.001,733,655
1,943
486,194
26,495
8.477
55,046
8,112
387
3.0::-
107,1-5
499,2217.937
17.710
137,7 10
587,188
1
-1
1
•1,502,233
9,200,52s
150,510
100,433
162,863
1,090,900
357,201
30,390
18,172
5.088,719
2,012,730
507,666
1,178.209 rl,l24.786
3,158,777 2.037.513
,0O2
210.-21
5-. 760,294
July
587,188
27,0011
NewMexA Ariz July
27.000
N YT AMe.v .. July
25,583
Tex A Noil.... inly
246,149
173,32
Ore A Califor'a July
280,013
280,013 229,168
1,531,53Bonora Ry
July
45,082
Bo Pac Coast... July
99
99,015
98,177
So Pac of Cat
July
1,75 1,15- 1,15 1,10- 1,75 1. 158
3<".
So Pac of Ariz. July
300.073 271. (ion
-'.-17
187,00.,
So Pac of N M July
182,-17
15,502
1,361,434 southern Rallw'j 2d wk Oct
L0.582, 156
79 1,070 766
416
1,038,270 Tarre H A Ind .
September 1 11,977 142,198
712,929 i'.rre H A Peor.. Septembei
•11
1 1:
46,470
L, St
107.1-5
499,228
17.057
17,710
17.
9,168
08:
1
.
t
LA W
03,078 Tor Ham A Bull
100.309 Jnion Pac Kl{
7,000,200
Oieg RR A- .N \
25.3 lO
Oreg Bb Line.
2-, 187 Wabash
4,862.520 w Jersey a Sea e
819.000
V (en .v Pitt..
2,120.150 Western of Ala ..
570,070 Wheel Ac L E
1,138,500 Wisconsin Cent..
199,175 iV Eights V Ac Til..
985,568 Yazoo AiMiss V..
1,253,711
.
W
•_7:
1
.
Tol St
2,0<il,570
Jul.
3.090
6,672
571,513
272.56J
357,171
3,517,721
2 1.911
-ciitiniiici
Bepte ni, it
2d wk Oct.
July
3,204,334
22,033
4,952,910
919.77
r .\l;nth
—
•1.550,593
07.220
182.874
Sarningt
t/russ
.'
Texas Central ...
Texas A Pacillc.
TexS V A N \v ..
Tol & Ohio Cent
Tol P V West ....
8,381, 27o
.ins
1
nt
3d Wk Oct
Mo 1'ae A Iron Ml 3d wk Oot.
i lentral
Branch 3d wk Oct
3d Wk Oct
Total
Mol. Jack A- K 0. 3d wk UOt
Mobile A Oblo..( Septc ube
Mm K
13,513
210.179
1,075,883
110,123
4,344,025
i
weekly or monthlj
th, and the
month.
Weelc
1
112,750
4,423,179
1,844,294
24.002
28,717
2,480,970
9,100,102
1,751.120
.
:» t-
1
1
1
581,96
1
J
i
9 19.051
.
m
245,957
49,656
570,478
m
158,566
223, ..i.
211.8]
67,762
1,070 1,253,8
Ytar
*
.25
16,006
os.-
Ytar
07'
1,02 1,023
or
tMUti
Hi
HillS
1
1
1
1
lit
1
1
I.
Latest hate
nt
i
I'l'llC
22,192
49,397
71/
.n» lii-i
Vioksb Bh
At,
i
J
i'ear
i; ii
1
no
N
Current
IVeek
July
date from
to
1
-
separately on a subsequent page.
tog< thtr
all
i,
1
2«i
wk
Oct.
2 1,5 12
3d wk Oot,
September
3d wk Oct
2d wk Oot.
3d WK (Jet
242.119
August...
43,051
10.000
55.000
29,791
51, 5:i(i
-
1
2
1
17,177
240
1
1
,501
3,20
32,100
27,345
43
29,920
80,109
61,
j
August...
3d wkOct.
August ..
All^ii-l
line
3,891,101
1,123
107,2-3
1
.
1
5(
1
1,067
8,07.
0.
lol. 703
61 1.15o
..
1
-epteuibei
3d wK
Septembei
September
108
1
L.643
17.
'
432
* Figures from September 1 are lor the
only, t
§ Covers results on lines directly operated east of Pittsburg.
a Includes Padncab A- Memphis Division from July 1 in both years.
t> Includes the Houston A Texas Central and Its aubsidlarj
lines.
Famines ol the Cromwell Steamship Line, not previously
now also included.
Paul Ac Dul nth tor
e Results on Montgomery Division are im hided in both years.
«/ln<
e Includes results on Sher. Shrev. A Southeru, Mo .Mutian
and San Antonio extension for this ) tar. but not or last > ear,
are the results on the Ala. Midlaua, Brunswick A Western, thariestou a savannah. S;i\ annaii Fla. A Weal' n and Silver Sprin
A Gult.
g These tig tit es include, besides the St. Louis & Sau Fraucisco proper, the Kan City Ft Soott Ac Msmpbls and Ft. Worth A: Rio Grande.
1
I
THE CHRONICLE.
894
Totals lor Fiscal Year.
In the full page statement on the preceding page we show
the gross earnings of all ro;uls for the period from July 1,
that heing now the beginning of the fisoal year of the great
majority of the roads. There are, however, home roads that
etill have their own fiscal years.
These with thtir dates are
brought together in the following.
Latent Gross Earning*.
Roads.
Period.
Atlanta & Charlotte Atr Line.
Belief onte Central
Burlington Cedar Rap. A No.
Central of New Jersey
Chicago <fe North-Western....
Chicago Rock Island A Pao.
Chic. 8t. P. Minn. A Omaha..
Current
Previous
Year.
Tear.
Apr.
Jan.
Jan.
Jan.
891,24$i
744.799
1 to July *i
36.66t
81,837
1 to Sept. 3(
3.7f.7.P33
14
4,017,170
1 to Oct.
12
443
516
11,818
1 to Sept 30
June
1
RR
I
Rio Grande Junction
Vandalla & Terre H....
South Haven & Eastern
South. Missouri & Arkansas..
Terre Haute <fe Indianapolis..
Terre Haute & Peoria
8t. L.
Texas A Pacific
West Jersey & Seashore
Dec. lto Aug. 31
Nov. lto Sept 30
Jan. lto Aug. 31
Jan. lto Sept. 30
Nov. 1 to Sept 30
Nov. 1 to Sept 30
Jan. 1 to Oct. 21
Jan. lto Aug. 31
404,37)
1,844,79)
39,197
160,530
1,432.809
503.20*-
8.747,884
2,621,883
384,691
1,762,389
36,583
134450
1,465,991
434,838
6.880.058
2,481,183
—
Latest Gross Earnings by Weeks. In the table which
we sum up separately the earnings for the latest
week.
The table covers the third week of October and
shows 10" 42 per cent increase in the aggregate over the same
follows
week
last year.
3d week of
1900.
1901.
October.
2d week of October.
Minn. A St. Loull
Minn. Ht. PAH. 8te.
Increase.
Decrease.
Buffalo Roch.
& Pittsb'g
Chicago Great Western
Chicago Milw. A St. Paul
Denver & Rio Grande.
Detroit Southern
Evansv. & Indianapolis
Evansv. & Terre Haute
Int. & Great Northern..
Mexican Central
Minn. & St. Louis
Mo. Kansas and Texas..
Mo. Pacific and Iron Mt
Central Branch
Mob. Jacfeson A K. City
St Louis Southwestern
Texas & Pacific
Toledo & Obio Central.
Tol. St. L. & West
.
Wabash
Total (24 roads)
Net increase (10 42
35.931
134,748
809,000
351,959
165,997
1,023,945
257,40<
27,<
62
6,518
30,t05
144,787
54,908
319,637
75,401
422,582
756.000
28.000
3,085
175,V.08
242,119
55,005
31,574
132.S13
598.001
323.936
150,265
973,344
244,400
24,986
6,613
30,515
131,484
47,365
310,266
73,0(9
391,741
663,000
25,000
2,413
177,767
240,899
49.091
51,596
407,28?
126,800
381,067
5,705,580
5,167,081
43,70.'
108.31J
p. 0.)
$
$
4,357
2,435
28,023
15,732
50,601
13,000
2,076
Previously rep'd (23 r'de)
Alabama Gt. Southern..
Burl. Ced. Rap. A North.
Central of Georgia
Chattanooga Southern..
Chesapeake i Ohio
Chicago
& East.
Illinois.
Chic. Indlan'lisA Loulsv.
Chic. Term. Transfer
Choc. Okla
& Gulf
Cin. N. O. & Texas Pao..
Clev. Cin.Cliic. & St. L..
P. orlaA Eastern
Col. Sandusky & Hock'g.
Detroit Southern
Duluth
80.
Shore
A
Atl..
Grand Trunk
Grand Trunk West.. ))
DetGd. Hav. & Milw. 3
T^nlovill* * NRshvlll«
1900
$
$
5,133,829
49,397
125,090
167,705
1,466
344,03?
118,06?
90,576
30,282
110,394
97,047
4,738.547
4 3,9? 8
794.676
21,54 2
29,791
s
.'04
S91
18,21)7
...
1,171
888
19,075
28,227
4,065
2,i46
923,585
836,316
p.o.)..
37,269
Gross Exrnings.
Ourrent I revious
Nft Karringt.
Previous
.
Current
Tear.
9
•
1.443,845 1,247,128
Jan. 1 to Sept 30... 12,516.796 11,518,443
Chicago A Alton. a Sept.
802,694
833,871
July 1 to Sept. 30
2,480,970 2,450,572
Chic. <te East. 111. b. Sept.
506.071
472,657
July 1 to Sept. 30
1,501,460 1.340,2c8
Chic. on. West'n. b. Sept
664,620
629,429
July 1 to Sept 30.... 2,008,860 1,792,313
9a. South. & Fla.a Sept
99,226
97,401
July 1 to Sept 30
314,627
291.450
Kan. City South a Sept
414,837
360,072
July 1 to Sept so
1,182,737 1,075,883
Tear.
Roads.
Cent, of N. Jersey a.Scpt
.
Knickerbocker Ice Company (Chic.)
Sept
Mexican Telephone Aug.
Mar. 1 to Aug. 31
15.352
17,488
104,541
90,820
Nev.-Oal.-Oregon.a.Sept.
17.356
15.415
July 1 to Sept. 30
43,998
37,227
15.499
Ohio & Little K ana .Aug.
18,519
July lto Aug. 31
31,216
29,696
Pitts. C.C.& St. L.a Sept 1,829,236 1,548.478
Jan. 1 to Sept. 30
15,057,227 14,008,949
St.Louls So'west. b Sept
609,195
551,417
July 1 to Sept. 30.... 1,678,112 1,500,619
San Fr & N. Paca.Sept
103,267
112,863
July 1 to Sept 30
328,858
307,840
Texae Central. a... Aug.
40,098
32,879
80,409
61,447
July 1 to Aug. 31
Wheel. A L. Erie. . Sept
309,892
255.884
908,*)02
July 1 to Sept. 30 ...
743,741
Wrightsv.A Tenn bSept
11,643
17.022
29,058
July lto Sept 30....
40,383
.
.
Tear,
Tear.
9
9
651,435
471,201
5,413,615 4,587,978
287,021
300,473
916,919
875,506
225,720
188,959
673,566
521,383
201,878
208,709
622,369
598,233
28.847
27,271
89,395
81.502
116,253
67,555
301,215
165,209
43,590
48,105
6.447
7,377
45,957
40,635
9,015
5.803
20,544
13.710
7.973
4,108
10,962
6,197
629,600
464.928
4,333,857 3,510,373
174.705 •210,154
*324,^83
*499,C02
53,395
50,983
143,981
146,335
12,454
10,786
26.745
17,972
112,866
88,419
290,370
2t 0,091
3,833
9,010
7,174
14,910
* Vftt «arn1ntrs here o'lven arx before deducting rs-res
Net earnings are after allowing for expenditures for betterments.
*
95
90
10,303
7,543
9,371
2,382
27,841
93.000
2,559
220
5,918
7,891
26,216
18,482
541,155
538.499
-
Boadx
Ohlc.A E. Illinois.
672
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, &o., with the surplus
above or deficit below those charges.
Int., rentals, etc.
,—Bai. of Net Earn' s.-^
Increase.
$
420,043
6,159
133,4 2
3J.3.936
20,097
I.13f
6,701
4«,45R
24,551
27,97t
50,005
116,928
83,875
27,481
81,519
94.490
370,823
51,3C4
22,674
24,529
49,869
612,759
565,415
47,344
595.170
571.880
27.290
Previous
Ourrent
Tear.
Tear.
Fear.
9
130,604
392,470
2,500
7,500
311,245
2,662,480
22,863
68,589
9
•101,764
9
128,786
394,019
July 1 to Sept. 30
2.250
Nev.-Cal. •Oregon.. Sept
6,750
July 1 to Sept 30
579,729
Sept
•ltts. C. O. A Ht
3,042,758
Jan. 1 to Sept 3o
22,771
San Fran.&No.Pac Sept.
68,313
July lto Sept. 30....
i
2,654
Decrease.
$
24,761
c77
>
Ourrent
Sept.
.
8,392
405
—
.
3.00C
167,300
1,^43
373,231
V
936
29.278
175.265
20,577
a Net earnings here given are after deducting taxes.
For the second week of October our final statement covers
and shows b'36 per cent increase in the aggregate
over the same week last year.
1901.
4, .'.49
357,471
98
00
D-4.16H
75,377
10,795
405,013
1«2,6*8
17,099
240,310
9
211,<>00
57 roads,
October.
*
8,273
13.599
67,672
81.482
3.613
328 193
80 6,240
163,589
74.873
10,204
386,716
161.517
17,987
221,235
766,449
17,477
27,345
125,081
Ot crease.
%crense.
)00.
9
75,91.*
M
Vol. LXXIII.
Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of Oct. 19,
1901.
The next will appear in the issue of Nov. 23, 1901.
*
2d week of
1
Total (57 roads)
Net inorease (8-36
.
$
1901.
Nevada-Cal.- Oregon ....
Norfolk <te Western ...
Northern Pacific
Pere Marquette
Pittsburgh * Western.
K10 Grande Southern
SX Louts <te San Fran
Ht. Louis Southwestern..
Santa Fe Pren. & Phtcnlx
Seaboard Air Line
Southern Railway
Texas Centra'
Toledo Peoria A West'n.
7M
to Sept 30 16,372,897 15. 210,211
Apr. lto Aug. 3) 12,111,790 10,457,182
6.209,4*3
Jan. lto A Og. 8] 6,79 1,< 5'
Choctaw Oklahoma A Gulf.. Nov. lto Oct 14 4,887,76< 3.153 061
«89.7H
650,173
Jan. lto Aug. 8]
Cumberland Valley
Duluth South Sho. & Atlantic Jan. 1 to Oct. 14 2 003,073 2,065,155
1 1 8.74.'
119,104
East St. Louis <fc Carondelet. Jan. lto Sept. 3(
1,371,27.'
1,035,7 80
Jan. lto Aug. 3)
Ft. Worth A Denver City
926,69
259.614
Gila Valley Globe & North'n Jan. 1 to Aug. 3)
International A Gt. North'n Jan. 1 to Oct 21 3829,054 3,175.506
Lehigh Valley
Deo. lto Aug. 31 20,032 180 8 553,682
Lehigh Valley Coal
Deo. lto Aug. 31 15,925,32^ 13,860,053
81,46*
92,380
Manlstlque
Jan. lto Sept. 3<
Mexican Central
Jan. lto Oct. 21 13.819,402 13.842.494
3.879
911
3,491,125
Mexican International
Jan. 1 to Aug. 31
Mexican National
Jan. lto Oct. 1< 6,988,050 6,189.676
400
3,499 400
t
3.285
Mexloan Railway
Jan. lto Oct.
452 223
447,860
Mexican Southern
;
Apr. lto Oct.
Missouri Paolflo
Jan. 1 to Oct 2 17,628.95^ 23,960 196
1,096.437 1,107 811
Central Branch
Jan. lto Oct. 2)
Total
Jan. lto Oct 21 <!9 030.727 25.252 256
Monterey A Mexloan Gull.. . Jan. lto Sept 3( 1,0c 3,84V 1,045,693
Northern Central
Jan. 1 to Aug. 31 5,30O,34f 5,071,545
763,104
729,624
Ohio River
Jan. lto July 2?
Pacific Mall
May lto Apr. 30 3,071,166 3,817,620
Pennsylvania...
Jan. 1 to Aug. 81 60,840,66: 55,013.367
225,52t
227,045
Pennsylvania & Northwes'n. Jan. lto Apr. 30
Pere Marquette
Jan. lto Oct. 14 7113,885 6,369,984
Philadelphia & Erie
Jan. lto Aug. 3) 4 294.114 3.700,719
Phlla. Wllm'g'n & Baltimore. Nov. 1 to Aug. 31 9,727,778 9.414,378
Pitts. Clncln. Chlo. & St. L... Jan. lto Sept. SO 15 057,227 14.008,949
I
.
*3i4,0U
6,765
13,794
49,931
1,291,099
30,624
75,668
Previous
Tear.
<i
•64,031
•197,457
3,303
6,210
153,683
847,893
28.120
77,746
After allowing for other Inoome received.
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of ali street railways from whioh we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for he
latest week or month, and the last two columns the earnings
for the oalendar year from January 1 to and including suoh
latest week or month,
—
STREET RAILWAYS AND TRACTION COMPANIES.
Tan. 1 to Latest Date
Latest Gross Earnings.
GKO88
2,801
28,875
2,557
2,412
EAKNING8.
Ourrent
WeekorMol Our'nt Prev'us
1
Tear.
Tear.
'
Tear.
Previous
Tear.
2,^51
1,877
3,449
13b
$
9
American R'ys. Co.j. September 82,171 7 8,014! 640,120
September 18,456 15.767 153,116
Bingham ton RR
599.309
137.702
B r'klyn Rap.Tr. Co. August.... 1,139,611 1.061.804 8.306,612 8,055,148
60*
8,307
1,2<23
Chagrin Falls & East. August ...
Chicago A Mil. Elec. Septtmber 19,197 16,522' 132,160 108,789
76620 72.704 461.259 442,642
cin Newp. * Oov.
July
!
October
THK CHRONICLE.
1901..]
36,
earnings.
Week or Mi
Our'nt
Prev'ui
Year.
Year
I
Olty Eleo. Ronie.Ga.
(
Sept* mber
;
)
3,508
Aucunt ..
4,62
Septembei 231,552
Cleveland Eleotrlo
September 27.430
Cleve. Ely A West.
18,823
Cleve. Palnav. & E.. September
Coneol. Trao. (Pitta.) September 264,969
Dart* WportSt.Ry September 13,130
Denver City Tram.. 8e jitembei 133,601
CI.
ACbag'n
F'» h'leo
.
.
i
.
.
I
j
|
|
.
J
Det. Kocb.Ro.A L.O. August..
Detroit United
<1 wk Oot
13,449
i
58..V2H
I
Rapid Railway
Total
Duluth-Bup. Tract.
Dulutb
St.
Ry....
Elgin Aurora
Jan.
Latest Cross Earnings.
Obosb
5,761
2d wfc Oot
2d wk Oot
64,290
41.469
Au K ll8»---
)
i
& Sou September
waj vettton city
a.ueiU't
HarrlaborgTraotlon August
lnternat'1 Traotlon(Baffalo)
August...
Lehigh Traction
Be* tember
LondonSt. Ry.(Can.) Septembei
Lorain & Cleveland. August...
Mad. (Wis.) Traotlon September
Maas. Eleo. Co.'s
August...
Moutreal Htreet Ry. Septembei
Muscatine 8t. Ry
September
New-burg St. Ry
Septembei
New Castle Traction. September
New London 8t. Ry. September
Northern Ohio Traot. September
Ogdensbu^g 8t. Ry.. June
1
to
Current Previout
Year.
Year.
8
9
$
31.346
3,510
30.195
28.8-U
176,108 1,705,634 1,506.701
185,<>92
18,863
13 ,019
1 1,41 D
124.184
1O0.1H4
247,810 2,252.549 2, 110,415
95.33.-i
9,91b
80,671
1 16,569 1,114.556
963,5*7
71,217
3M.143
8,368
52.313 2,244,396 1,988,600
5,770
58,083
41,965 295,700
34,172| 29,486
13,766
42,02b '35,977
275,501
234,125
257,272
23*1,782
i
Sacramento Electric
GaeA Ry
|
September 39,346
September 5C0.486
August
63,763
September 16,604
September! 34,15b
August
28.108
Cower September 33,977
.
Taooma Ry.
.V
Toledo Rye. & Light.
Toronto Ry.
Twin Olty Rap. Tran
Union (N. Bedford)
United Traotlon
. .
|
August.... 125,491
August.... 153,481
f eptember 308,393
September 27,788
307,310 275,589
4,301,895 3,087,765
57,64/
438,485 402,690
16,9951 155,010
30.7901 252,892
218,846
27,481
25.691!
25.691
280,346
2"f2,354
108,730
839,671
138,927 1,047,892
949,676
271,652|2.340,165 2,102.029
23,069 211,825
191,901
35.439
+480,049
September 122,200 117,742 1,004,905 1,004,395
Albany Clt
United Traot. (Pitts.)
V. August.... 182,773 162,155 1,347,039 1,246.996
United Tract. (Prov.) August.
284,800 243,432 1,783,179 1,565,160
Wil.&NewCastleEleo August.
6,200
46,167
30,559
8,603;
S
These are results for properties owned.
t
Strike In August. 1900.
ANNUAL REPORTS.
Latest Dale
660.402 273,156 2,783,967 1,736,027
11.688'
97,051
9,300
85,709
15,03.
11,790
106,709
88,3t3
12,842 12.49J
6.194
6.091;
52,7h9
705.309 661,107 3,929,712 3,765,983
182.5? 1 161,52b 1,485,688 1,345,510
6,126
52,814
:>o.'Jt>7
6,56b
10,450,
9.594
79,236
76,173
9,098
8,285
97,090 104.022
7,500
56,245
6.972
£0,203
59,242 45,957 449,938
371,134
2.257
8,599
2,140
8,977
Olean 8t. Ry
September
4,940
40,799
38.871
4,188
Philadelphia Comp'y September 181,808 138J2s 2,235,757 1,829,650
Pottsv'e Union Trao. July
19,122 17,005
95,42b
79,655
Railways Co. Gen.—
Roade
September 20.753 20,665 166,505
14,270l
September
l,198j
Light Co's
1,128
Richmond Traction Septembei 20,991: 20,727 169,748 156,909
St. Louis Transit...
Boranton Railway..
Sioux City Traot
Southern Ohio Tract
Staten Island Eleo
395
Annual Reports.— The> following
is an index to all annnal
r«ilwa>H and Miscellaneous
inii[iHnies which have been published I
Inst editions
uftheiiN
and Street Kailvi
This index does not Include reports In to-day's CHBoncu.
reports of fcteam railroad*,
j
'
ItAil.uiiAiif,
KTC—
(
fin
mi
.>r
i
&
Alton
?
Burlington \ Oalnoj..78i
Cincinnati Ham. & Dayton
ulorado Midland
to
i
— etross Earnings.
Current
>
Previous
—
Ne t Earnings.
Current Previout
Roads.
Blntrhamton RR.b. Sept
July 1 to Sept 30
Year.
9
18,456
62,427
A Milw. Eleo. Sept
July 1 to Sept 3o.„.
19.197
66,698
55,*;02
12,649
44,982
10,78 6
88,662
Olev. Palnesv. & E.Sept
Jan. 1 to Sept 30 ...
18,823
124,184
14,495
106,184
9.174
60,942
9,326
56,207
Lond'n St. Ry. (Can. Sept
Jan. 1 to Sept 30....
Madison Traction.. Sept
Newburg Electric. Sept
July 1 to Sept 30 ...
New Oaatle Traot. Sept
July 1 to Sept 30....
New York <fc Queens Co.b—
July 1 to Sept 30
Northern Ohio Trao Sept
Jan. 1 to Sept 3o ...
Richmond Traot ion Sept
Oct lto Sept 30...
Sacramento Eleotrlo Oas
& Railway Co
Sept
Feb. 1 to Sept 30....
15,033
106,709
6,194
10,450
37,453
9,098
41,070
14,790
88,383
9.594
35,363
8,285
41,928
7,180
40.791
3,802
4,377
20,613
1,379
16,607
170,407
59.242
449.938
20,991
218,570
154,131
45,957
371,184
20,727
203,056
98,612
27,846
197,270
5,322
79,027
84,900
17,750
142,785
9,957
94,858
39,346
275,205
85,439
246,828
20,600
146,239
17,009
134,615
Ohio.
)
.
Year.
.
next will ap-
Year.
9
15.767
55,182
9
8,471
31,404
16,522
Year.
9
6,704
27,740
7,365
25,944
4,735
20,322
1,578
19293
Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges.
.
Int., rentals, etc.
Current
Roads.
Year.
$
—
.
Previous
Year.
$
<
-Bat. of Net Earn's.Previout
Ourrent
Year.
Year.
9
New York & Queens Co.—
July 1 to Sept 30
Sacramento Electric Gas
& Railway Co
Sept
Feb. lto Sept. 80....
45,653
43,374
54,002
42,944
9,344
74,758
8,926
71,509
11,256
71,481
8,083
63,106
I
I
U.I,
I'tjf.
B4U
Hi
Glucose Sugar Sednlng
780
31, IIHM)
ana Illinois
i
STllBKT KAII
Brooklyn Rapl
Cntoaso Uuiou
(
..mi.
hi
--i
Hull Signal Co. (bal. sheet "f Slaj
ii.
i
lo»
\
i\
i
.
lul
I
N
\
i
tm
sail,
Nash. Chat, .v M. i.'iuis
n. r. Cent. & Mud. ttlver. .719,779.
7M".
Reading Company
Kutland
Lawrence & Adirondack
Santa Fa Preaootr, a I'lnomx
Kul »
em en
Internal lonal
Metropolitan Street
7mi
Hit)
7M
.
8ae
flli
North
Third Avenue Kit. l\.-« Vurk;..
Toledo Railways & Light
Union Traotlon ol I'niiadelphla.
Union Traot ton of Pittsburg
United Traction .if Altmnv. etc.
7ito
8
.
VciMc).. 813
Vork * gii'-en" Count T
840
A Iowa.
St.
-*
-
S8fl
m
i
H48
830
01 .In
Ci uclble Sleel ol \
erica
Olatllllnir Co. oi America
651
01S
<114
010
Great Northern Hallway.
(Report for the year ending June ,;0, 1901.
The annual report of Mr. J. J. Hill, President, is given at
length on pages 9(W to 910, together with the revenue and
income accounts and the general balance sheet.
The earnings and expenses of the Great Northern Railway,
compiled in the usual complete form, are shown below.
The first table includes the operatiocs of the railway system; the second table gives the income account of the Great
Northern Company, and the third table shows the results for
the entire system, treating all as if one corporation.
OPERATIONS AND FISCAL EESL'LTS OF RAILWAY 8Y8TKM PBOPEE.
1900 01.
1899 00.
1898 99.
1897-98.
Av. miles operated..
5,202
5,076
4,786
4,466
563
425
550
427
482
372
24,493
22,934
541
392
19,861
Equipment—
Locomotives
Passenger equlpm't.
Freight equipment..
Operations —
17,850
PaeH. oarrled (No.)..
2,717,651
2,407,311
Pass, oarrled 1 mlle.214,392,859 195.585,382 169,88^,867 149.041.326
Av.ratep. pass.p.m. 2-290 ots.
2-378 ots.
2*222 ote.
2208 ots.
Freight (tone) oar'a*
9,925.811
9,676,771
Freight (tone) oarrled 1 mile *
2481751195 2504792882 2158212794 1937955894
Av rate p. ton perm.* 0871 ots. 0899 ots. 0*9 16 eta. 0*932 ota.
Earnings—
$
$
4,90^,333
21,623,654
Mall, oxp. .rents, etc.
1,817,703
$
4,6.^2,091
22,533,020
1,725,678
3,750.338
19,779,209
1,488,3d6
18,056,047
1.210,116
Total gross earns. 28,350,690
28,910,789
25.017,903
22,577,544
3,478,925
1.595,188
5,9«9,018
1,100,871
927.359
2,906,486
969.642
4,330,359
2,114,408
7,122,817
1,309,993
990,798
16,813.062
11,555,645
Passengers
Freight
Malnt of way, etc.
Taxes
furnishing rewill be found
A
781
.
<
4,402,157
2.354,311
7,751,339
1,335,613
Geneial
railways,
or the fourth
It
ieorgta
this week.
that week, but once a month (on the third
Saturday), we bring together all the roads
turns, and the latest statement of this kind
in the Chronicle of October 19, 1901. The
pear la the issue of November 23, 1901.
I'n'j'
A met lean Blej ela
Malnt. of equlpm't.
Transportation
In reporting these net earnings for the street
t-t
<
I
Street Railway Net Earnings,—The following table gives
the returns of Street railway gross and net earnings received
we adopt the same plan as that for the steam
roads— that is, we print each week all the returns received
Htr.
Total
P. o. of exp. to earns.
Net earnings
*
$
3.3U.381
1,481, >-20
5,419,137
1,047,261
700,941
15,868.375
13.091,361
(59*30)
(54*89)
(52*33)
(51*18)
11,537,628
13,042,414
11,926,542
11,021,899
Company's freight exoluded.
INCOME ACCOUNT OF GREAT NORTHERN RAILWAY COMPANY.
1900-01.
Receipts—
1899-00.
1898-99.
Net earns, of St. P.
d if. RR. and
Seattle <6 Mo a
8,026,871
Int. on bonds owned.
395.548
Dlv. on stocks owned 3,126,504
Proflt on Treasury
securities sold
337,554
1897-98.
$
%
M
Rental of leased lines
Bills receivable
General interest and
other Income
Total
Disbursement* —
Net rent St. P. M.
9,530,776
350.422
2,958,855
8,902,225
105,017
2,134,620
3,737.166
69,418
1,259,357
172,752
2,014
689,076
166,765
3,740
68,152
166,318
3,616
419,844
164,416
15,919
212,845
436,486
196,102
552,510
11,576,050
11,218,630
3.709,54 8
4,137.824
6,40t>,778
8. -.51,0.14
(6H p. o.)
5,396,S6S
1,500,OOU
12,274,088
14,136,090
&
M. Ry. and "other
rentals"
3,687,656
Dlvs. on Ot. No. stock 6,897,369
Rate of dividend
(7 p. o.
Fand for lmp'ts & re-
newals.8t.PM &M
FundfoiCaeoadeTun
(7 p. o.)
1,200.000
6u0,000
1,200.000
600.000
(5 p. 0.)
1,500,000
750,000
9,146.863
Total dlsburae'te.. 10,585,025 11,918,326
9,788,858
sur.1,689,063 er.2,217,764 sr.1,787,192 sr.2,071,767
Balance
ENTIRE GREAT NORTHERN RAILWAY SYSTEM.
1898-99.
1897-93.
1900-01.
1899-00.
Gross earns, of railway
$
$
$
$
system proper
28,350,690 28,910,789 25,017,904 22,577,144
Gross earns, of other proprietary companies.... 2,213,697 2,188,268 2,580,668 2.443 650
Total earn, of syat'm.30,564,387 31,099,057 27,598.572 25.021,194
Oper. exp. and taxes. ...18,296,482 17,075,533 14,861,10^ IJ.469,012
12,267,905 14.023,524 12,737,464 11,552.182
95'.', ^01
1.5i3,716
Miscellaneous inoome.... 1,619,775 2.290,494
Net earns, of system
Total net of system. .13,887.680 16,314,018 13,690,265 13,078,898
Deduct—
Fixed charges and divs.
on Bt. P. M. & M. stock 5,051.456 5.038,348 5,466.624 6,510.663
Dlv. onGt. Nor. stook... 6,897,370 6,408,778 3,851,034 1,500,000
Funds for lmp'ts, renew1,800,000 1.8CO.0O0 2,250.000
als and tunnels
Surplus
-V. 73, p. 780, 783.
11,948,826 13,247,126 11,117,658 10,2t0,663
1,933,854 3,066,892 2,572,607 2,815,235
THE CHRONICLE.
S96
Louis
& Sin
Francisco Railroad.
U year ending June 30, 1001.
fR<p
The remark! of President and General M-mauer B. F.
Yoakum, together with a detailed statement of earnings, income account, balance sheet, etc., will be found on pages
St.
>rt
for the ft c
9'1 to 915.
Below we give a comparative statement
f )r
several years:
OPERATIONS AND FISCAL RKSULTS.
190001.
1399-00.
18D8-91.
Miles oper. (aver'e).
Equipment —
1,686
1,401
1,331
1897-98.
1,221
246
Locomotives
Passenger oars
Freight oais
MMoellaueous oars..
Operations—
Passengers oarrled.
165
6,275
238
166
20 5
140
19 1
140
6,107
6,167
5.955
277
227
223
223
1,^67,318
2,301,™65
1.917.156
72,443,1*5 5? ,019,764
2-0(6 ots.
2 18Scts.
2'08»ota.
3.V0.313
2 H^5 1^1
2 58 829
2 5 '6 001
Tons f r't oar'd I m..685.464,v<32 52l',615!596 50«i9i)a'.422 48\592.*477
1-057 ots.
Rate per ton per
1-019 ots.
1 055 ots.
1 058 ots.
Pass, carried
1
2,218,717
mlle.101,984,785
2*10^ ots.
88.V28.8.J7
Rate per pasN. per m.
Tons freight oarr'd.
Earnings —
-"
m
$7,243/721 $5,520,939 $5,166,180 $5,121,681
1,507,062
1,248,491
2,143,323
1,335,567
2.8,6.0
226,353
201,508
276,718
2<>3,642
338 959
201,658
253,456
170,976
125,407
111,143
124,604
Freight
Passengers
Mall
Express
Miscellaneous
Total
$10,173,697 $7,983,246 $7,228,662 $3,886,467
Expenses —
Main of road&strno. $1,317,489
$«0%914
$751,238
$869,842
66».1=>4
63.%685
Malnt. of equlpra't.
^57.040
79 \731
i71
Transp'n & traffic. 3,269,
2,622,028
2,400,86*
2,779,717
General
301,308
244,094
239,317
245,737
$4,341,191 $4,030,109
(S8 52)
(5-78)
(6007)
Net earnings
$4,328,689 $3,290,719 $2,885,471 $2,856,358
INCOME ACCOUNT.
18P8 99.
1900-01.
1899-00
1897-98
Net earnings
$4,328,689 $3,290,719 $2,885,471 $2,856,358
&9.200
51,501
40,600
Interest, dlv & miso.
99.511
18.8J3
Land department....
11.CC0
25,060
29,160
Total
$5,845,0 8
P.O. of exp. to earns.
(
Total
$1,69.^,527
<7-i^)
$1,439,860
$3,408,722
$2,962,632
$2,926,118
Deduct—
Interest on bonds
Taxes
. .
$2,176,335 $2,130,517
$2,037,997
20"\9 -7 6
227,479
188,404
22.582
23,001
13,272
75,097
20'
i.OOO
200,000
200,< 00
200.000
320,i
400 OuO
00
160,0
160,000
(i%;
(2*2%)
(2%)
(1%)
8.066
16,335
180,556
77,898
.$2,281,803
27a, 104
Rental of tracks, etc
Dlv. on 1st pref (4%)
Dividend on 2d pref.
Rate on 2d pref
Loss on oper'd roads
Ex'y ex. for oonst.&c.
Total
$3,410,560
Surplus
$1,029,300
—V. 73, p. 392, 287.
$3,032,360
$576,362
$2,737,8 2
$2,599,673
$224,800
$326,445
Toledo St. Loias & Western RR.
(Report for the fiscal year ending June 30, 1901.J
President Benjamin Norton says in substance:
Results and Prospects. —The property [-mbracing 451 miles
of road] was turned over to this company (after a receiver
ship of more than seven years) on July 31, 1900, 8) that for
one month of this year the road was in the receiver's hands.
The tabular- statements below show an increase in the gross
earniogs of 28*35 per cent and in the net earnings of 82'05 per
[Vol. LXXIIL,
Railb. Tikk »nd Ballast —The following have been used In Improving the trark: 54
miles of new 70-pound steel ral
271 J67
cniHHties for main track; 57 4 ;4 oros^tle* for nldlng-i. a total of 328,791 ties; 2ii,70o feet (tmanl measure) of switch timber for switches
m
and
;
sidings; 59-7 miles of ballast.
The report also describes various improvements which have
been made in connection with graies, side tracks, bridges
and trestles, stations, etc. Daring the year there were set
aside and charged to operating expenses for engine renewal
fund, $42,097, and for piss^nger and freight car renewals,
$33,584; total, $74,620, amounting to an equivalent of, say, 3
per cent of the total i/ross earnings.
Statistics
The 1,600,038 tons carried in 1900 01 were
divided as follows:
Pronuots of agriculture. 32 30 per oent; products of animals, 9-10
percent; products of njloes, 18- 14 per cent; products of forest, 11-96
percent; manufactures. 1450 per oent; merchandise, 6*88 per cent;
miscellaneous, 712 per oeut.
—
Equipment. —The rolling stock now includes 81 locomotives
(58 ireighr); 34 cars in passenger service, 3,141 cars in freight
service and 56 miscellaneous cars.
Earnings, E'c. The staement of earnings for two years
past and the ba'ance sheet of June 30, 1901, follow:
OPERATIONS, BARNIN08, EXI'EKSES AND CHARGES.
Operations—
1900 01.
1899-00.
Passengers carried
62i,o-t2
581,626
Passengers carried one mile.
23,373,063 22,078,107
Earnings per passenger per mile
1-76
cents.
183
Passenger earnings per train mile
cents.
66
64
Tons carried
1,600.668
1,332,566
Tons carried one mile
349.044,272 242,256,747
Earnings per ton per mile
cents.
542
0585
Earnings per train mile
$136
$158
Ave-age tons per train mile
250 9
2608
—
Earnings —
Freight
Passenger
Mail, express and miscellaneous
Total earnings
Expenses—
Maintenance of way and structures
Maintenance of equipment
Conducting transportation
...
$1,893,222
445,791
151,552
$1,419,409
403.318
117,622
$2,490,566
$1,940,379
$361,933
320 488
$107,267
315,822
782,343
55,645
l,OiO,000
77,5,0
General expenses
Total expenses
Net earnings
Otherlncome
Total income
Deduct—Taxes
Interest on bonds
$1,799,952
$620,614
6,341
$1,561,031
$696,955
$104,400
$379,297
$379,297
5K.000
$614,400
$32,555
Surplus
BALANCE SHEET JUNE
Assets—
Cost of road
$35,499,9C0
Real estate
53,012
Material & supplies...
13^,001
Cash— Toledo
92,«8i
Cash -New Yorfc
339,988
Agents & conductors.
196.509
Companies & lndivid's
54.0 O
P.
U. 8.
O. Dep't
16,463
30, 1901.
Liabilities —
Stook (see Inv. Supp.)$20,000,000
Bonds
15,500,000
82,531
Taxes aoorued
67,214
T u terest aocrued
65 ,000
Vouohers payable
365,193
Pay-rolls
95,149
Agents' drafts
35,925
Companies & individ's
104,259
Surplus
82,556
Rewewal funds
Total
.^36,387,82 7
Total
cent, tne ratio of operating expenses to gross earnings being
$36,387,327
-V. 73, p. 844.
72-27 per cent for the late year, as against 80'45 per cent in
1:99-00.
Bangor & Aroostook Railroad.
The results in the transportation department for the year
(Rep
rtfor year ending June 30, 1901.)
have not been as satisfactory as might have been wished,
President F. W. Cram says in part:
owing to the fact that the engines which we found on the
Additions, Maintenance, Etc.— The property has been well
road were entirely inadequate to handle the large increase in
business. It was only during the last six weeks of the year maintained in all particulars. To care for increasing busithat we were able to derive any appreciable benefit from the ness, numerous improvements and additions have been made.
new power purchased, deliveries of the same having been Ballasting has been in progress along portions of the line
delayed by the locomotive builders. In consequence, our through most of the months in which the material can ba
tonnage per train has been less than it should be [viz, 250 9 economically handled, the total output since June 1. 1900,
Besiaes this, in being 174,197 yards, costing $46,853, of which $37,306 was
tons, against 260*8 ton? the previous year].
order to improve the standard of the road and put it in con- charged to operating expenses for the year. There have b9en
dition to compete satisfactorily wiih its neighbors, fast provided 25,153 feet of new sidings and siding extensions at
freight-train service was introduced, and, owing to the fast a cost of $20,753 and 54 freight cars have been equipped
schedule and light power, trains were made up with fewer with air brakes at an expense of $4,843, and the cost of
cars than will be the case in the future. There seems to be both charged to operating expenses. Out of a total 2,982
no good reason why, under careful management, the road freight cars in use, or usable, for inter-State traffic, only 283
should not continu° to steadily improve in physical condition were at the end of the year without air brakes. In general
and satisfactorily increase- its revenue. The property is in repairs and improvements other than as above noted, or to
condition now to be operated at reasonable expense, and it is cars, there were used:
Frogs and switches, 45; wire fenoe, 3.020 rods; snow fenoe, 137
hoped that the coming year will show larger earnings and
smaller expenses on account of operation, thus making the rods; standard ties, 125,767; switoh ties, 190 sets; step joints. 856;
tia plates, 45,320; eleotrlo semaphores, 5; new oulverts, 22.
net results more satisfactory than during the past year.
Refunding Mortgage.— For two years, since the general
Wnen the present management asImprovements Etc
sumed control the condition of the property was below the conditions improved, your directors have had in mind the
desired standard. Ic was therefore necessary to make large possibility of consolidating, as far as possible, all obligations
expenditures covering engines and cars, new rails, ties and in favor of a broad, well protected, refunding mortgage. To
this end authority for the plan' was ob'ained from the Legisballast, as well as oridges, trestles, station and other buildlature a* its last session.
While details for the mortgage and
ings. Since Aug. 1, 1900, in addition to the current maintenance charges of $683,421 for the year, $673,904 ha?, been bonds were not completed during the year, it is pertinent to
expended on improvement account from the f nnd of $750,000 state that the issue of bonds is limited to $20,000,000. Not
provided by the reorganization committee. The physical exceeding $12,500,000 may be uaed to retire outstanding
condition of the property to-day is excellent, and is being secaritie8, including securities of leased and controlled comfully maintained. Daring the year the following purchases panies, and only so many of the bonds may be used for that
purpose as are reasonably needed in each instance; $3,000,000
and improvements were made:
Engines and Cars Purchased.— Four fait passenger engines and bonds may be issued for additions and improvements and
11 heavy fieiglir, engines; i new passenger trains equipped with wide equipment of which not over $i00,000 the current year, and
vestibules, wtiioh a- e now in servloe »etween Toledo and St. Louis; $250,000 each year following, excepting that any not issued in
250 box oar* "f 60,000 pounds capacity; 3t large furniture oars; 50 one
year may be used in the succeeding years. The larger
box oars of 0,0(0 pounds c ipaolty. Our freight equipment is generamount available in this than in succeeding years is required
ally in good condition, and with the Improved facilities we now have,
we are putting all of our rolling stook In satisfactory condition.
because the company needs and has purchased engines and
•
—
Ootober
THE CHRONICLE.
26, 1901.]
passenger equip rent, snow plows, etc., to coat over $.'50,0U0; and ext-Ubive p-nuanent improvements are in projjr. sa,
The
all in the interest of safety and economy in operation.
remaining f+ 50 ,00) of bond* can be issued only for su a
extensions as the Legislator* nball hereafter authorize,
19 I.]
details of mortgage In the [XVBSTOBS' 8UPPT. for Ool
Prjspects.—'\he traffic conunura to increase and appar-
i
285,379
Maintenance of equipment
Conducting transportation
General expenses
Taxes
Total
Net earnings
Fixed charges—
Interest on funded debt
R -ntal of leasei Hues
455,873
68,640
4,9d9
8*,413 53,928 53,129
382,704 302,721243,721
49.547 42.911 31,292
4,206
3,032
2,875
913,359
536,096
746,541 576.190 454,418
483,882 353,064 324,387
381,929
2 ,0 )1
80,000
330,163 210,751 194,401
21,401 76,788 tO. 573
177 16,654
7,433
79,020
U)
486,488
49,608
430,761 304,1)3 292,407
53,121 48,871 31,980
1,558
Miscellaneous
Betterments
Total
Surplus for year
}
Included In operating expenses above.
CONDENSED GENERAL BALANCE SHEET JUNE
m>i.
t
Asteis—
t
Costof road, ftC...
Equip, account
Cash
Mat. and 8upi>lies..
8,0114,070
7.71J.ST4
1,»08.405
212.794
851.22.1
188,t'5»
H2.375
49,880
Corn's Jfctndivtd'ls.
67,832
4«,lxfl
Net iratlc bal'nce.
Due from agents...
Suspense account..
B.»P. iiu tov is...
3.8w7
2w,820
11.149
28.827
Aroos. No.
17 8-6
24,210
54,855
2-,«35
10 137
364,370
17 >«96
25,300
2 077
28 819
Property"
Cm.
st'k
8
Real estate
New M. suspense
Total
—V.
5,-»15
10.776
..
10.4S8.5a8
30.
1900.
1901.
io<io.
L'abiWies—
M. bonds ..
Second M. bonds
$
$
3.3HO.0OO
1, 50,000
Common stock. ... 1,050,000
1.21-.884
Preierred stock
220/ 00
Car trusts, 8er. A...
168,683
Int. & rent., ace'd..
112.826
Bills audited
First
.
3,360 000
050,1 oo
l,050,0u0
l,2i«.8*4
l
260,'
bonds
Van Buren Ex.
1,50), "00
..
b'ds
Equity in cur tr'sts
Bil<s payable
Car trust, bonds &
notes " B"
Profit a d loss
Total
9,371,555
500,000
260,000
17.8
00
142.026
97, 27
Miscellaneous
Pise. Div.
1
1.92S
,500,000
1
00,000
<1
970,000
30,(96
160,890
.10.4S8.595
9.371.555
73. p. 2811.
Paul & Sault
Marie Railway.
(Report for the year ending June 30th, 1901.
Tne report, signed by President Thoma3 Lnwry and Gineral Manager E. Ponnibgton, says in substance:
Minneapolis
St.
Ste.
Tbe disastrous failure of the grain crop of 1900 on the line west of
Minneapolis, and'the loss of t radio incident thereto, occasioned a 1< as of
probably $750,000. The gross earnings per mile of road were $3,442,
compared with $1,006. The average rate per ton per mile was 6-17
mills compare 1 with 6-58 mills, the reduction being occasioned by the
reduotlon of grain tonnage. Improved motive power and road bed
resulted In the more economic >1 handling of freight; the average tons
of freight per train was 31449; previous year 301-24.
The mileage was increased curing the year 24*96 miles by the purchase of the Rice Lake Dallas & Menominee Ry Cameron to Rk-e
Lake, Wis , 6'63 miles, and the construction of a line from Barron to
Ridgeland, Wis., 1« 33 mlies in length, through a rich farming territory. The company's new Minneapolis terminals were competed at a
oost, Including the laud, of $35b,148. In addition to the Improved
facilities thus obtained, there is a saving of over $16,090 per year in
rentals, after allowing 4 per oent interest on the oost of the plant.
Sixty-pound rails were replaced with 80-pound rails on 34 68 mlies;
50 miles were ballasted with gravel, the ooit being charged to operating expenses. Three steel bridges were built to replace wooden structures, the original oost of the wooden structures, $35,389, being
charged to operating expenses. Tue company purchased three consolidated and one decapod looomotlv s and o99 box oars.
The oompany Bold i,i4l of Its consolidated bonds, dating from Jan
1st, 1901, and the prooeeds are being used in the o mstruoti >n of
109 2 miles of road in North and South Dakota and Wisconsin, all of
which will be oompieted by Oct. 30th, 901. (See report of Canadian
ro handle the traffic of th s Increased mileage
Paoltto, V. 73, p. 5or>.)
and on aooount of the large tonnage promised by the b. uutlful grain
crop of this year. Just harvested, mere have been purchased 300 more
freight oars aud * oonsoildatnd looom itives of tbe latest, most improved type. All of this equipment will be delivered during the fall
of i9ul. The company's road bed, buildings and equipment are all In
excellent oondltion.
,
i
Earnings, expenses, charges,
etc.,
were as fallows:
Freight
Passengeis
Malls
Express and misoeil
Total
1900-01.
1899-00.
1838-99.
$
$
$
3,974,399 3.426.G86
875,9*8
621,793
822.910
190,. 30
195,145
177,19*
152,346
122,612
158,736
3.298,651
1897-98.
$
3,287,309
562,791
157,356
125.243
4,517,075
5,151,188
4,349,585
4.H2.6J9
620,495
537,647
445,79?
111,626
1,459,517
536,4fi4
1,347.325
444,832
419,048
112,345
1,261,480
2,554,588
2,463,315
2,237,706
Expenses—
Malnt. of way, etc
Malnt. of equipment
General expenses
Transpoitatlon
476,24-4
115,726
1,351,869
Total expenses
2,564,3a8
Per ct. or exp. to earns.... (=>61)
Net earnings
1,952,737
(49 6)
2,596 605
462,722
116,-0")
(56-6)
1,885,270
1,715.733
1,510,210
1,492,804
880,872
375,03-5
40J.190
l'.HII.
1800.
»
S
.64,590 389 S8,798,»6
1,098
..
413, Hi 3
I
.
Depart mem.
imis a accounts...
1
74,818
254, 048
Z«5,0U
46 ,701
60,080
11*
127,4 i-Z
1,217,569
81,861
'B.«.
I,7r5,
Casn
H
ucc'ls.
L"
\
ll-OO.
I
"oO.OOO
Preferred stock.
debt.
and
Oai
i
ileal
34.'
nil
ruoi
mi
Ou-
mi ale notes
one July 1
.1 One
..
Vouchers 4a00'ts,
Puy rolls.
In. Hue account...
88,000
83,000
10.1,799
WLirS
106,411
691
107,683
98-, 753
OttO.8-50
i
'I
68,271,066 56,981,767
Total
*
11
axe-, n
.
-V.
E 30.
f—
in.
i3t>
i
J
Coramoi
Funded
050
490 83s
37ii
I
Advances 4
i
7.',2 14
{
BRAL BALANCE BUBET,
Ural r-.l.-1'c
si ooks and bonds.
Mai ninl mi piles.
[u roa is
conduct's.
1
17S
827.873
etc
.
1,133,810
130, 75
151,175
121,
1,624,861
CONDI
c"i»i|p.,
1.210.557
2 1,405
Surplus
{
1397-98.
5,857
er.
Tot.il
1898 99.
Total.
816
1,006 56,981.767
73. p. 185.
Company
Distilling
(R port
of America.
for the fiical year ending
June
30, 1001. J
M. Rice says in substance:
Is not an operating company;
therefore it* sources of Income are: First -Prom dividends on stock
owned. Second -From Interest on loans. The total current net assets
of the constituent companies June 30, 1901. Independent of real estate, plants, machinery, properties, brands, trade, marks, etc., is, as
shown in tbe summary, $12, 75.073. The total volume of business of
the constituent companies. Including the revenue tax for the year,
amounted to $8 1,70^.878. Their total net earnings were $1 941,363,
being an increase of $ ,20^,323 over the previous year. Applying the
net earnings to the entire Issue, $31,250,000, shows 6-2 per cent on
the preferred stock. Deduotlnir the extraordinary expense for bond
discount and expenses am untlng to $2 53,512, leaves $1,657,850, or
5-3 per cent on $ i 1, 250,000.
Bonds.— A plan for procuring additional working capital was formulated early In January f this year. It provided for the issue of
$5 OOu.OOO ten-year per cent oollater il trust gold bonds, redeemable
These bonds were offered to the
at the rate of $50 ',000 p r annum
stockholders in a circular issued Jan 10,1901. Of the authorized lesueof $5,<00,0oo. It was deemed advisable to sell only $1,080,000,
and $^20,000 remain in the treasury. The $>00,000 to be redeemed
on Jan. 1, 1902, have already been purchased for cancellation, so that
there are now outstanding $3 530,'uO.
Outlook — Adequa'e workii g capital was not acquired until more
than six months of the fiscal year had expired. The want of sufficient
working capital necessarily hampered the business of the companies
and materially lessened their normal earning capacity. Immediately
this necessity was supplied, increased earnings followed. The business of the constituent companies shows steady improvement lnevery
department. It may be an'lcloattd without apprehension that additional competitive spiiits capacity will be created from time to time,
but it Is confidently believed that but slight encroaohments. If any,
will be made into the well established business of the best equipped
distributing plants In the country whloh are now owned by the con-
President
S.
Oenekal Results.—This company
1
i
<
->
stituent companies.
Tbe severe object lesson brought about by over-produotlon in the
past seems to have had Its effect, and a satisfactory oonolusion as to
the amount of the 1902 crop of Kentuoky whiskey was reached at a
meeting held in Louisville on Sept. 17, at which practically every distiller In the State was represented.
Owing to the lack of sufficient
woi king capital, which was not secured until early this year, the Kentucky Distilleries & Warehouse Co. was not in a posit! n to fully reap
the benefit of the existing conditions, but it is beginning to derive the
profits to which it is legitimately entitled. Its net earnings during
the y ar exceeded by $t 3,002 those of the previous year. The Hannls
Co. is a constantly improving property, its Inorease In profits during
the last over the next preoeding year being $88,421, or nearly 70 per
cent.
Dividends —The question as to whether dividends should be paid at
time was thoroughly discussed by the oard of directors and with
stockholders owning a substantial majority of the company's stock.
It was unanimously concluded tha* the Interests of the oompany will
be best conserved by deferrlug the payment of dividends at least until
this
after the close of the current fiscal year (June 30,1902). It Is the
consensus of opinion that when the current year's profits are added to
the net working capital, the payment of dividends on a conservative
basis will be warranted.
The presidents
companies say, respectively:
Kentucky Distilleries & Warehouse Co.
of constituent
The favorable market conditions surrounding the whiskey business
are unparalleled in its history, aud the volume of business to be done
by the oompany will only be limited by the amount of whiskey it produces and has for sale. Pi >es are high and steadily advancing, and
there is every Indication that conservatism in manufacture on the
part of ail distillers will ensure a oouti manoe of these conditions ini
definitely.
Standard Distilling & Distributing Co.
The
total sales In do'lars for the fiscal year was $5 5", 140,818, of
whloh was paid to the United States Government for internal revenue
tax $28,621,227. The export business is being steadily developed;
further agencies have be. n established in China and Central America.
A complete ',000 bushel drying pUut has been erected at the
tjestlo
Distillery, Torre Haute, Ind and we ire now building at the Willow
Springs Distillery, Omaha. Neb., aa addition toour bonded warehouse
sufficient for the storage of more than 10 00 J barrels. Th-> oapacity of
our nulling plant a' Peoria, 111., has been more than d mbled, so ih it
the company is now In a position to produce all tha malt necessary for
its requirements. The demand for spirits aud alcohol has been unusually large during th spi ing and summer, and we are n >\v entering
the period of heavy demand without a b trrel of surplus stock on ban 1,
and with ready sale for our entire produot, and the prospeots for the
fall trade are therefore unusuady encouraging. The resumption of
dlvideuds after the termination of the current lisoal year is practically
assured.
II anxis Distilling Co.
The business of the company is being steadily developed and increased Our Mt. Vernon and Hannisvtlie distilleries uoi oaly have
maintained their position iu the rye whiskey market, but th* increased
demand has rendered it necessary to make a larger orop during the
ensuing season.
M
.
)
EARNINGS, EXPENSES AND CHARGES.
Earnings—
charges (net)
>
221.641173.569 123,801
9->,52:>
207,462
...
i'
1,320
129
241
105
Jllsoell.
-
00.
1,8211,
Rental
1,449,455 1,230,423 929,254 779,205
Total gross earnings
Operating expen. unit taxes—
Maint. of way aud struotur. s
1900-01,
$
lhauet—
Inii rest on bonds
,
ently for the mo t part the Additional traffic represents permanent business growth. Rites from time to time are reduced to enable manufacturers and producers t o in pete
with other sections in tne market. It is to large volume we
must look for success, rather thin to high rates, and there
can hi no question that the natural resources of Njrthern
Maine will tarnish that indefinitely.
Statistics.— The earnings, expenses, charges, etc., have
been as follows:
EARN1NQS, EXPENSES AND CHARGES.
1900 1. 18990. 1898 9. 1897-8.
$
$
$
E irnings—
$
359,467 317.893 230.968 225,966
Passenger
984.0J3 814.776
0.673 487.866
Freight
97,753 81,613 6: J ,S73
Mall, express, oar serv.,rents,A.-o. 105,965
B97
54-i)
1,894,991
American Sbirits Manufacturing Co.
The business of the oompany rell cts th- stable conditions of the
spirits and aloobol markets
The active properties of the oompany
have been maintained lu a m Mt thorough state of repair, and their
physical condition Is up to the highe-t modern standard The business
of the ourrent fiscal ye ir continues satisfactory, with the market for
th products of the oompany on a profitable basis.
'
THE CHRONICLK
898
All repairs, it is stated in the case of each company, have
been charged to operating expenses.
Earnings, Balance Sheet, Etc.— Below are given comparative statements of income and balance sheets compiled for the
CHRONICLE from the report, etc. Unfortunately the earnings of the five constituent companies are not all made up
on the saose basis. For instance, the gross sales are
reported by most of the companies, bat in the case of the
Hannis Company the gross receipts are stated after various
items (among them the internal revenue tax) have been deducted. Another year, we understand, this defect will be
The
remedied.
I'KOFITB
(1)
tables follow
YEARS ENDING JUNE 30 CONSTITUENT COMl'ANIEB.
:
,
Gross Sales,
190001.
etc.
—
215,120
a297,308
Hannis Distilling Co
ID
Standard Distilling & Disbz53,560,883z53, 485,720
trtbutinK
4.817,570
Spirits Distributing Oo.c. 3,775.762
Ky. Dlst. & Warehouse rf. 4.(>86,736 3.075,613
American Spirits & Mfg el9,389.189 18,827,942
,z81,709,878
Total
x653,598w448,188
40.456 loss 22,267
735,040
b "Otobs earnings
prottts." $241,145; storage, $56,163.
from distilleries and branches. $1.1 2 1.475;" other inoome, $77,559; toTotal
tal, $1,199,034; contrasting with $764,* 13 the previous year.
a "Gross
sales 1900-01 $5 1.440 818, and amount thereof paid TJ. 8. government
c Of this $3,750,000 was gross
Internal revenue tax. $28,621,227.
income from sales, largely offset by "purohases," $3,609,803. d Includes $1,326,822 as lnooire from sales, Interest on customers' ac-
counts, etc.. and $35^,914 from "storage " e Includes $19,227,289
gross Inoome from sales and $160,400 from sale of fusel oil, feed, eto ;
other side includes Item of $16,937,656 paid the U. 8. Government as
Internal revenue tax. w.Net earnings Feb. 3, 1899, t.o June 30, 18H9,
x After deducting
are now reported as $652,143. (V. 71, p. 816.)
extraordinary expenses for bond dlsoount and expenses, amounting
to $217,592, the remainder ($65,920) of snoh expenses having been
met by one of the other companies, y After deduotlng the total extraordinary expenses amounting to $283,512 on account of bond dlsoount and expenses, z No explanation as to the nature of the " gross
sales" of the Standard Company is given In the report for 1900-01.
bnt In the report for 1899-00 It is stated that the sales of the company's
produot for that year aggregated 26,156,1 1 4 proof gallons for $29,617,806, and that of this output the company's own distributing branches sold to the jobbing trade 19,768,373 gallons for $23,867,914, the
remainder having been Bold to other distributers. The Standard Company therefore tigures its volume of business for the year 1899-00 as
the total sales of its distilleries plus the sales of its distributing
branches, viz $53,485,720 in all. There Is here, however, a manifest
duplication of liems. The amount paid as internal revenue tax by the
8tandard in 1899-00 was $26,826,571.
:
(2)
DISTILLING
COMPANY OF AMERICA— PROFIT AND LOSS ACCOUNT-
Interest on advances
Dividend on Hannis stock
Total
Int., taxes and general expenses
1900-01.
1899-00.
Increase.
$146,858
199,800
$80,089
249,750
Dec. 4.9,950
$346,658
265.571
$329,839
2C0.101
—
$81,087
8crplus
$16 819
65,470
30.
(000s omitted.)
-Hannis Dis.—,
AssetsProperty, etc
Supplies, etc. (cost).,
Ca9h
Accounts and
bills
rec ble
Storage collectible
Insurance, etc
Stocks in other cos
do
1»»1.
190o.
$»2i
196
33
306
180
13
$921
2i'8
23
208
126
13
,
Standard—
Kentucky
$22,889
1.216
403
38S
1,604
1,421
2.083
1,664
29
13
17
2
429
Bonds
—
1900.
$36,81^ .$2K,H20
2.716
3,3^2
19i)1.
$22,937
1,363
416
X429
(special)
,
1900.
1901.
186
961
.*.
bills
payable
$18,453,022
x6,677,4l2
$13,176,144
5,920.334
$11,775,610
$399,463
$7,255,809
$238,563
$12,175,073
$7,494,372
260,485
x Of which snm $4,906,999
-V.
Is
owing to the
Distilling Co. of America.
73, p. 842, 844.
Pullman Company.
(Report for year ended July 31, 1901.
President Lincoln says in the report:
New contracts have been made during the fiscal year with
the Atlantlo Valdosta & Western Ry.. Little Rock & Hot Sptlngs Western
Ry., Mexican Railway Company, Limited, P rtland & Romford Falls
Ry. and Fort Worth & Rio Grande Ry., the last one being now operated under the St. Louis & San Franclsoo contract; and contracts have
been made continuing the operation of this company's cars upon the
Grand Trunk Ry. of Canada, Grand Trunk Western Ry., Central Vermont Ry., Detroit Grand Haven & Milwaukee Ry., Delaware <k Hudeon Co. and Mexican National RR.
The number of passengers carried during the year waa 9,618.438
and the number of miles run was 335,742,267. During the previous
year the number of passengers carried .vas 7,752,876 and the number
of miles run was 274.068,488. This year, therefore, shows an increase
of 24 per oent in the number of passengers carried and 22 per cent In
the number of miles run, largely due to twelve months' operation of
Wagner territory, while the previous year included only seven months'
operation of the same territory. The total mileage of railways oovered
by contracts for the operation of this company's cats Is 165,283.
The value of the manufactured product of the oar works of the company for the year was $16,424,789 86 and «f rentals $306.886 94, a
total of $16,731,676 80, against $17,026,270 08 for the previous year.
The average number of names on ihe pay rolls at Pullman for the year
was 6,457 and wages paid. $3,921,452 42, making an average of
$607 32 for each person employed. The total number of persons In
the employ of the oompany in all departments was 17,737 and the
wages paid during the year was $3,514,534 29. The number of employes for the previous year was 16,066 and the wages paid during
that year, $8,483,132 95.
The business of the Wagner Palace Car Co. was taken
over Jan. 1, 1900. The results for several years are as below.
No balance sheet is furnished.
Total revenue
1900-01.
1899-00.
95
&
1398
99.
1897-98.
jR
3>
17,996,782 15,022,858 11,47 8,93010,674,868
Disbursements—
Operating expenses
7,378,200 6,112,655 l K ,, n onn ,,»(,,.,
Depreciation on oars.eto. 1,485.601 1,699.183 \ o,au,£UU ±,Ob»,a*L
P'd other sleep. oar ass'na.
346.760
587,544
693,715
831,634
Divld's on capital stock.. 5,919,886 5,519,720 3,149,550 2,880,000
Total disbursements.. 15,130,447 13,919,102
Surplus
2,866,335 1,103,756
9,183,465
2,295,465
8,280,985
2,393,883
Total surplus July 31, 1901, $7,762,280; cipital stock, $74,000,000; net assets, $31,762,280.— V. 73, p. 845.
•
'
260
GENERAL INVESTMENT NEWS.
yB.obo
Total
11,669
Common stock
$1,499
',$1,000
,
$1,000
Preierred stock
Bonds
Accounts and bills pay.
Loans
do Dis. Co. of Am
$26,791
$26,377
$39,921
$32,910
1*16,000
78,000
*lfl,000
f $18,500
8,000
111 0.510
$18,500
10.500
513
428
4C8
"500
734
885
x4«'y
"429
'
Taxes,
etc.,
accrued
Securities account
Reserve.
Miscellaneous
Surplus
71
$1,499
^-Spirits Dis.—
1900.
1901
$5,729 $5,724
Assets—
Property, etc
313
3
488
5
Supplies, etc. (cost)
bills rec
Insurance, etc
Treasury stuck
bonds (par)
do
Stock & bonds, other cos.
and susdiscount
Bond
pense account
Manh'tt'n Tr. Co., trustee
and loss,
266
292
6
657
6
23
1,980
841
86
deficit
Total
.
453
$26,791
$26,377
r-Amer. Spirits.—.
1900.
1901.
$38,21
93
84
95
212
1,570
916
$39,921
$32,910
-Distm.oo.
1901.
xl,315
28
4,942
2,076
z51.H0
")V,451
920
172,389
7*2,048
2
xl.316
17
17
1.018
$38,741
$38,796
$3,675
2,825
7$28,000
?7,000
1,899
95
V2 8^5
27
....
'.*.
""23
186
23
165
$8,758
$6,705
f70.000
55,000
33
453
220
225
42
Xl.315
X 1.3,5
$38,796
$3S,742
•
preferred stock for the quarter ended Sept. 30, payable Dec.
2 to holders of record Nov. 9. The company is a recent
amalgamation of gas and electric light and street railway
companies, the above being the first dividend on the new
company's stock. V. 73, p. 235.
—
Arkansas & Choctaw RR.— Construction.— The extension
of 251 miles from Arkinda, Ark., through the Indian Territory, to Wichita Falls, Tex., it is announced, will be built by
the Choctaw Construction Co. John Scullin, of St. Louis, is
Atchison Topeka & Santa Fe Ry.— Merger of Controlled
Lines.— The stockholders will vote on Dec. 12 on a proposition to ratify the purchase of the following subsidiary
railroads, which have been conveyed to the Atchison Company in pursuance of the policy heretofore followed of consolidating and unifying the system, viz,:
Kansas City Emporia & Southern Ry. Co.. the Florence El Dorado
& Walnut Valley RR. Co., the Marion & MoPherson Ry. Co., the
Wichita & South Western Ry. Co. and The Chioago Kansas & Western
RR. Co.
This action does not involve the creation of any new
obligations.
Purchase.
4*7
43
—The stockholders will also
to approve of
211
130
$130,211 $125,583
Distilling Co. of America owns: $32,614,900 stock of American Spirits Mfg.
12,692,650 preferred stock of Spirits Distributing Co., the $3,675,000 common stock being owned by the Standard Distilling & Distributing Co.; $22,742.750 stock of last-named company; $26,>-00,000 stock of Keutucky Distilleries
Warehouse Co , ano $999,000 stock of Hannis Distilling Co.
x Special item not included by Distilling Co. of America in its statement,
showing total current assets and liabilities of all companies, except perhaps In
supplementary item, viz., $399,463 in 1901.
y Company's own bonds, deuosited as collateral with Distilling Co. of America and hen.ee not. included in statement mentioned unler " x."
It
Co.;
&
total stock t$ i 5,000,000), the treasury holds «23,"50.000 preferred;
also $1,829,481 preferred in special account, mostly for exchange of outstanding
seouriite* of constituent companies; also $23,673,000 common stock and a
further $1,957,027 in special account.
z Of the
RAILROADS. INCLUDING STREET ROADS.
American Light & Traction Co.— First Dividend.—
quarterly dividend of \% per cent has been declared on the
President.
$130,212 $125,583
$28,000 Z$70,000
7,000
Z66.000
1,899
5,000
.. ..
accrued
1900
63
978
$6,705
Dis. Co. of Am....
Spirits Dis. Co
etc..
Am-
$36,183
104
41
3
$3,675
44
bills pay..
1,163
$6,754
If
Taxes,
86
621
Li«6Mties—
Accounts and
4M5
126
3.636
12
$1,599
Cash
Accounts and
6.000
"i
86
Total
do
dy
5,375,932
1,697,463
5,142.257
34,630
1,571
'
1,182
Liabilities—
Profit
9,468.721
1,783 871
4.701.H26
49,259
1,437,553
Stocks and bonds other companies
Total
1900.
$66.\377
supplies, eto
Insurance, eto
Accounts and
30.
$952,292
receivable
bills
$66,769
$129,737 2>ec.$48,649
BALANCE SHEETS OF ALL COMPANIES JUNE
COMPANIES JONE
I.IAIIII.ITIKS AJ.I.
1901.
141,645
40,875
707,568
41,108
yl,657,850
(0
CURRENT ASSETS AND
Atsels—
Oath
Accounts and
Storage
Total ourrent net assets
$
126J699
$
follow-
,
1899-00.
1900-01.
company has compiled the
the foregoing the
ing:
Exoessof such assets
Other teonrlties owned at market value
Profits.
-Ve<
>
189900.
From
[Vol. LXXIII.
vote on propositions
and ratify the purchase of the shares of capital
&
stock and bonds of the Pecos Valley
Northeastern Ry.
Co. and the shares of capital stock and second mortgage
bonds of the Santa Fe Prescott
Phoenix Ry. Co. The facts
about the purchase of the Pecos Valley
Northeastern Ry.
securities were given in the last annual report, V. 73, p. 736.
The circular to the stockholders signed by President Ripley
states that $2,963,000 out of $2,964,000 of the 5 per cent second
mortgage bonds and practically all of the stock of the Santa
Phoenix have been acquired, at an aggregate
Fe Prescott
cost of $2,833,108.
Purchase of St. Louis Kansas c& Southwestern Ry. The
Kansas Southwestern Ry. Co. was incorporated at Topeka,
&
&
&
—
October
THE CHRONICLE.
26, 1901.
Kan., on Oct. 94 with |863.000 * n ;i stock, to take uwr the
property of the former St. Louis Kansas <ft Southwestern,
recently purchased in ths interest of the AtchiBon.— V. 73, p.
-
i
t
1
812, 783.
Atlantic
899
(hit-ago Burlington x (Jiiimy Railway, -Oflleer»
following officers have bean elected, all of them batacrooont-c it-d with the old Chicago Burlington
c Qaiooy EUiJroad
President. W. w
Baldwin, of Burlington, la.; S'lceand SecPresident and Treasurer, J 0. Peaaeiy ol
V. 7::, p,
rttary, 11. E. Jarvis, of Burlington.
v
>
.
& Birmingham UK.— See Wayoross Air
KK. below.— V.
Lice
71, p. 614.
Atlantic Coast Line Co. of Connecticut.— Listed fa I
e.— The Baltimore Stock Exchange has lilted the *">,<)( 0.
V. 78, p. 198.
000 four per cent certificates of indebtedness.
Atlantic A. Danville By.— Listed in Baltimore.—The Baltimore Stcck Exchange has listed $7:>0 0U0 additional fiftyper cent gold bonds, making the total
year first mortgage
amount listed to date $3,925,000.- V. 78, p. 798.
Bristol County Street Ry.— New Bonds.— The Massachu
setts Railroad Comuiii-sloners have authorized the company
to issue $80,000 additional first mortgage live per cent bcuuU
—See V. 73, p. 615.
Brooklyn Rapid Transit Co.— Stick Listed.— The New
York Stock Exchange has listed the company's $15,000,000
capital stock. See Brooklyn Union Elevated RR. below.
V. 78, p. 839, 854.
Brooklyn Uuion Elevated RR. -Listed.— The New York
Stock Exchange has listed $3,110,000 additional four-five per
cent 50-year first mortgage gold bonds, making the total
amount listed to date $10,000,000. As only a portion of such
bonds and of the $7,000,000 Kings County Elevated RR. first
mortgage gold 4 per cent bonds have as yet been presented
to have the guaranty of the Brooklyn Heights RR., to which
they are entitled, stamped thereon, the Stock Exchange has
ordered that until further notice there shall be two calls
for each issue of said bonds, the "stamped guaranteed"
bonds to be given a separate quotation.— V. 73, p. 390.
Buffalo & Susquehanna Rll.—Bondt Listed.— The first
mortgage refunding 4 per cent gold bonds of 1951 were listed
The $3,021,000
this week on the New York Stock Exchange.
bonds outstanding were appropriated as shown below:
To acquire the lines of the companies consolidated as of
April 1. 1901, 56 in 'leu In all, heretofore held under lease,
and an extension of the main line, about 17 miles, re-
—
.,
i
Columbus Kinknra
ii
Springfield
RR
— So/,/
-Toil
Mt. Holly, N. J., on Oat. 18, for $5,000 to
bondholders, whc. it is Btated, will operate if —V. 78, p,
waa
at
sold
road
tl
3
Dawson Railway & Coal Co.— See New Mexico Railway
&
Coal Co. below.
1
Detroit
At
Toledo Shore Line Kit.
New Mortgage.—Tb»
to the Manhattan Ti
of New York, as trustee, to secure an Issue of |3 000,0)0
yt-ar 43.2 per cent gold bonds, dated Nov. 1. 1901, gtiarant
principal and interest by endorsement by the Detroit United
R tilways Co. The entire issue has just been sold to K«.-an,
Co. of New York, who will pay the coupons
Van Coitlandt
company has mad-) a mortgage
&
We have been favored with the following official statement
The property had an old mortage on It when we bought it, executed
to in. Illinois Trust & Savings Hank, under which $100,000 old lives
had been Issued. The trusteeship under this old mortgage was transferred to the Detroit Trust Co., ami under Him t lie new trosWM have
been lesue about $1,000,000 bonds tor oonstruc tion purposes. These,
however, have not been sold and are to be retired out of the proceeds
on the new bonds.
i
1
of the new issue. The road Is a double-track one.
in operation abrut the first ot November, but the
One track
will be
second track will
probably not be ready for operation before the nr*t of January.— V,
72, p. 1135.
Lureka Springs Ry.— Sale.— The road will be sold at
Eureka Springs on Nov. 9 under foreclosure of the first mortgage by E. M Bare, Commissioner in Chancery, as ordered
by the Circuit Court of the Western District of Carroll
The property has been for some
County, Arkansas.
time operated by the St. Louis & Nortn Arkansas
RR which proposed to issue it* securities in exchange for
those of this company per plan V. 69, p. 615, and the step is
presumably merely a legal formality to give a clear title to
the successor company. V. 70, p. 279.
,
—
m
Eransrille & Terre Haute RR.— Change of Control.— At
) is unexpended.
Exchanged for first mortgage 6 \ er oent bonds, $ for $
350,000 the annual election on Wednesday the following were elected
directors: E. R. Thomas of the firm cf Thomas & Post;
For the purchase of the property of the Oleardeld Coal Co.,
at Tyler, Pa
260,000 Edwin S. Hooley of Rolston & Hooley; W. F. Carleton, C.
To provide for rtfundlng expenses to Oot. 1, 1901. .$61,000
A. Nones, Samuel Thomas, Hiram Duryea, Thomas Honeyand to make provision for those subsequent thereto
moon, Charles Sherrill and H. M, Work, all of New York.
(bonds held in treasury at that date)
39,000
100,000 The n^w officers are: President. E. R. Thomas; Vice PresiFor payment Into the sinking fund to retire 5 per ot. bonds.
61,000 dent, E. S. Hooley; President of the board of directors, W.
$3,021,000 F. Carleton; Treasurer, C. A. Nones, and Assistant Secretary
The bonds are secured by a lien on the entire property of and Assistant Treasurer, Gilbert S. Wright. The same officers
Evansville & Indianapolis and Evansville
the company, subject to $575,000 first mortgage 5 per cent were elected for the
Belt roads. The system, it is officially stated, will remain
bonds on about 102 miles of railroad, with the equipment
pertaining thereto, and by a first lien on 51 miles and its absolutely indepsndent.— V. 73, p. 843, 615, 612.
rolling stock, owned by the company, and are collaterally
Hudson Valley (Electric) RR.— Mortgage.— The company
secured on coil properties located at Tyler, Clearfield Co., has received from the New York State Board of Riilroad
Pa oomprising some 3,003 acre3, formerly owned by the Commissioners permission to issue a mortgage for 54,Clearfield Coal Co., which has been re-incorporated as the
000,000, the greater part of which, it is understood, will be
Buffalo & Susquehanna Coal & Coke Co., which company's used to retire existing bonds on the various properties
acpurchase money mortgage for $260,000 has b>en deposited quired. See V.
73, p. 391.
with the trustee; also collaterally secured on the railroad
and other property of the Addison & Susquehanna RR Co.
Iowa Central Ry.— Bonds Offered,— Redmond, Kerr &
by deposit with the trustee of all the stock issued on that Co. offer for subscription by advertiament on a preceding
road, and having besides a leasehold interest, subject to the page, at 92^£ per cent and accrued interest, the remaining
first mortgage 5s, in the railroads, lands, franchises and rollunsold portion of $2,000,OCO first and refunding mortgage 4
ing stock of the VVellsville Couderspoit & Pine Creek RR. per cent gold bonds, dated March 1, 1901, due March 1, 1951;
Co. The annual report may be found in the Chronicle interest payable March 1 and Sipt. 1 in New York City;
issue of Sept. 21, pages 608, 619.
Morton Trust Co., trustee. These bonds are secured by a
California Midland RR.— Mortgage.— The stockholders mortgage upon the entire property now owned or hereafter
will vote en Dec. 20 on a proposition to authorize a mortgage acquired, consisting of 541 miles of railroad, extending from
to secure $7,000,' 00 5 p*r oent 59-year gold bonds. The com- Albia to Northwood and from Oikaloosa to Iowa Junction,
pany has been incorporated in California with $15,010,000 111., with branches to Algona, Story City, State Center and
authorized capital stcck, its projected road extending from Newton, including the Iowa Central & Western RR., 37J^
San Francisco to a point near the mouth of King's Creek, miles, and the Keithsburg Bridge. They will be a first lien
about 200 miles, with branches from a point near Madera to upon the railroad of the Iowa Central & Western Co. and
Bakersfield, 115 miles; also into the Yosemite Valley, 70 miles, the Keithsburg Bridge Co. as soon as the outstanding bonds
and to Stockton, 20 miles. The incorporators are: W. H. H on those properties have been retired, which is to be done
Hart, W. M. Graham, Daniel E. Hayes, R. J. Davis, E. R. without delay, and also upon any new mileage or other propGraham, Edward Dexter, Albert Betz, Henry C. Bunker and erty constructed or acquired. President E. Haw!ey says
B. C. Van Emon.
The mortgage is limited to $25,000,0 JO, of which $3,146,000 are
authoiized, but of which only $ i, 000,000 hive been Issued; $7,Chatham & Lebanon Valley RR.—New Mortgage.—The now
650,000 are reserved to retire an equal amount of the 5 per oent bonds
company has applied to the New York State Board of Rail- due 1938 (the only prior obligation), and the remainder can only be
road Commissioners for permission to issue a new mortgage issued to pay for the oost of future extensions, at not exceeding $25,for $500,000, of which $350,000 will be reserved to retire the 000 per mile, and for improvements, equipment or additional property acquired at par for tne aotual oost thereof, under oareful restricpresent first mortgage 5 per cent bonds, the balance to be tions in the mortgage, whioh also limit the amount to be issued for
applied for improvements.— V. 72, p. 1135.
equipment to one fifth of the actual amount of bonds outstanding.
The $2,000,000 sold to Redmond, Kerr Jt Co. are part of the $3,146,Chesapeake & Western Ry.— Mortgage.— The companvhas 000 authorized to retire the $ ^55.000 Iowa Central & Western 6s, the
filed a mortgage to the Bowling Green Trust Co. of New $.">') i, OOO Keithsburg Bridge tts, whloh have been called for redemption
general improvements, that will
cently constructed
of which $525, (
$2,250,000
'
,
:
-t
York
as trustee, to secure
an issue
of $1 ,135,0 j0 bonds.
The
road now extenda from Elkton to Bridge water, Va., 27 miles,
but extensions are projected easterly to tidewater on the
Chesapeake Bay and westerly into the West Virginia coal
fields, of which 14 miles from Bridgewater to North River
Gap are about completed. —V. 72, p. 820.
Chicaaro Burlington & (Jaiucy RR.— Merger of Controlled
Line.— Notice has been filed with the Railroad Commissioner
of Iowa of the complete merger of the Chicago Fr. Madison
& Des Moines RR., extending from Fort Madison to Ottumwa,
la.. 71 miles.— See V. 71, p. 697, 963; also Chicago Burlington
Qdincy Railway below. — V. 73, p. 780, 737.
&
Deo.
1,
1901, and to pay for
put the present property In
first-class
physical condition; also to
pay for additional equipment purchased. The rotnalnlnn $l.l4ti,000
of the bonds now author! /.ed, as above stattd, will oe held in t be treasury for future betterments, etc. The total bonded debt, including the
ttrst and refunding mortgage bonds outstanding. Is less than $18,000
per mile. Hince the Iowa Central wil acquired by Its present owners,
In June, 1900, they have pursued the ooi ser\atl\ e policy or applying
the entire amount of net earnings, alter payment or Interest charges,
to Improvement of the property and to that end disoontluued the dividends upon the preferred stock.
The gross earnings of the company for the past live years (not Including the earnings of the Iowa Central <te Western or rentals received) have been as follows: 18.17, *l,5o4,20:i; 1898, $1, •08,349:
1899, $2,120,57-; 1900, $->, -(25.919; 1901, $£,284,123. Upon completion of the Improvements above mentioned, we believe that the
property oan be operated, lnoludlng taxes, etc, for less than 65 per
THE CHRONICLE.
900
cent of gros« earnings, whloh would show net earnings of oonslderably o^«r $80 ,oou per annum. The total Internal charges, including
the Interest on the new bonds Bold, "mount to about **o ,500 p- r annum. In the above statement of grons earnings I have not Included
the earnings of the Iowa Central <fe Western Ry wiiicti company will
be merged with the Iowa Central and Its entire Issue of bonds retired
and Its Btook deposited with the trustee of the mortgage for further
security of the bonds.
,
[Vol. LXXIII.
$375 (£7*;) In first consolidated mortgage 4 per cent Kold bond*;
$250 (£50) In per 0601 lion ciiuiiilatl vn preferred mock; (el i<3 75
(about £1 1*h.) each, and a further cash bonus of 30s., together with
69 per oent of the surplus assets of the trust;
and for every £100 "B" certificate
$150 (£90) In 4 per cont non-cumulative preferred stook, together
(a)
(t»
I
with 31 per cent of the surplus assets of the trn«t.— V. 73,
p.
7-
New Mexico Railway & Coal Co.—Guaranteed BondsJohn Graham, consulting and constructing engineer, has
made an expert examination of the property for Redmond, Extension. — The company is proposing »o tmild an extension
Kht & Co.; his report cod firms the statements of Presi- from a connection with the El Paso & Rock Island RR. (now
dent Hawley. The management, of the comply is practi- about completed from White Oaks, N. M to Santa Rosa, 13 J
cally the same as that of the Minneapdis & So. Louis, and miles) at or near Liberty, N M., northerly to a point in or
the two properties are operated in harmony.— V. 73, p. t'J4, near Dawson, about 130 miles, under the charter of the
Dawson Ry. In order to finance the sam<*, the D±wson RailKansas City Fort Scott & Memphis RK.— Distribution to way & Ccal Co. has been organized, with $3.<wi0.00) stock,
Holders of Participation Certified <:s.— The Old Colony Trust which will issue $3,000,000 fifty-year 5 per cent first mortgage
Co. is disbursing to holders of participation certificates, is- and collateral trnst gold bonds, rtue July 1, 1951, the Co'oaial
sued by the Old Colony Trust Co. on behalf of Nathaniel Trust Co. of New York being trustee. These bonds will be
Thayer and Charles Merriam, agents, the net benefits dis- guaranteed, principal and interest, by endorsement, by the
tributable thereunder, together with interest upon the face New Mexico Ry. & Coal Co. They will be secured by the
amount of Rich certificates at 4 per cent from May 15 to entire capital stock and bonds ($3,000 000 each) of the Dawson
October 7. The total amount so distributed will be $30 \2% Ry. and the whole of the capital stock and bonds ($1,000,000
for each $25 participation. This gives a price of $105 in each) of the Dawson Fuel Co., the lattt r ownu g about 23,000
cash received by holders of Kansas City Fort Scott & Mem- acres of coal, mineral and timber lands, known as the
phis common stock, and this fiaal participation ends Boston's "Dawson coal fields" in or near the town of Diwson. The
interest in the property, except so far as there has been a form of the guaranty is the same as that of the El Paso &
re-investment of funds in the securities of the new road. The Rock Island RR. in V. 73, p. 32.— V. 73, p. 32.
general offices are being removed from Boston to St. Louis.
Ohio & Litsle Kanawha RR. — Report —The company's
first annual report, covering the operations for the year end"Boston News Bureau."— V. 73, p. 843, 391.
Gross earnings,
The New York ing June 30, 1901, shows results as follows
Louisville & Nashville RR.— Luted
Stock Exchange has admitted to the list $1. 200,000 additional $178,252 (against $164 861 in 1899-00): net earnings, $39 691;
50-year unified 4 per cett gold coupon bonds of 1940, making interest on bonds, $11,410; taxep, $5 601; internal revenue,
the total amount listed to date $28,394,000. The mortgage $457; balance, surplus, $21,222. -V. 70, p. 4^0.
is for $75,000,000, of which $41,917,660 was reserved to take up
Omaha Street Ry. -Consolidation Plan Dead.—The proprior liens. Since June 1, 1890. expenditures and redemption of posed consolidation of this property, the Omaha & Council
prior lien bonds under the terms of this mortgage have been Bluffs Ry. and the New Omaha Thomson-Hmston Electric
made to the extent of £41,181, 403, entitling the company to Light Co., for which purpose options wer6 obtained some
time since, has, it is stated, been definitely abandoned.— V.
that amount of unified bonds namely
236.
—
:
:
Construction, $*,'<290,697; extension, $2,710,441; sinking funds,
#3,596,42-; premium on bonds for sinking fund, $301,200; corporate
purposes, $=s,00",000; purchase of stocks, $l,i75,7<i7; equipment,
$995,025; ptlor issues, $19,760,000; double track, $338,900; purchase
of roads, $3,712,947. Total, $11, >*l. 403. Accounted for as follows:
Listed on the New York Btook Exchange, $28,394,000; refrred a-d
oanceled, $17,000; deposited as part, collateral to $S, =>00,00o L. & N.
five-twenty ool. tr deed bonds. $9,520,OOC; in treasury of company,
$8,250,000. Total issue. $4 1 1 8 ,OUO.
Since the last application to list unifi >d 4?, $2,000,000 LouisNashville five-twenty collateral trust bonds have been
ville
,
i
&
redeemed and canceled, and $2,240 0< Louisville & Nashville
unified 4s and $640,000 Paducah & Memphis Division 4s (being
a proportionate part of the collateral) have been thereby released to the company. There havicg been $2,(00,000 of the
bonds of said issue previously redeemed and canceled, there
remain outstanding as of this date of said issue $8,5OJ,0CO.—
V. 73, p. 726, 719, 391.
Louisville & Nashvlle ~RR.~ Called Bonds.— F if tv -five
($55,00o) Evansville Henderson & Nashville Division bonds
of 1879 have been drawn tor the sinking fund and will be
paid at the compaay's cm e, No. 120 Broadway, on Dec. 1 at
110 and interest.-V. 73, p. 726, 719, 391.
Mansfield Savannah & Wellington RR.— Mortgage. —The
company has filed a mortgage in Richland County, O to the
North American Trust Co., as trustee, to secure $ ,500,000 of
5 per cent gold bonds, in denominations of $500 and $1,000
each. The mortgage covers the projected line from Mans
field to Wellington and spurs from Savannah to Ashland and
Ganges to Ashland.
Bonds Called.—
Massachusetts Electric Companies.
Eight first mortgage 5 per cent gold bonds of the Merrimack
Valley Street Ry. Co of $1,000 each, viz., Nop. 61, 105, 142,
212, 280, 292, 307 and 336, have been called, and will bn paid
at 105 and interest at the International Trust Co Boston, on
Jan. 1, 1902, after which date interest will cease.— V. 73,
73, p. 785.
—
Orleans & Jefferson Ry. Application for Receiver. Leon
L. Labatt. as the owner of 21 snares of stock, has petitioned
the Civil District Court for the appointment of a receiver to
wind up and liquidate the affairs of the company, on the
ground that the step is necessary to the protection of his individual interests, although he is quoted as saying that his
application need not interfere with the proposed sale to the
New Orleans Pontchartrain Ry. V. 73, p. 339.
—
&
Pecos Valley
Atchison Topeka
& Northeastern Ry.— Acquisition.— See
& Santa Fe Ry. above. —V. 72, p. 137.
RR.— Listed.— The New York Stock Ex-
Pennsylvania
change has admitted to be placed on the list between Nov. 9
and Nov. 30, 1901, inclusive, $1,392,600 additional stock on
official notification that it has be-n issued in exchange for
stock of the Philadelphia Wilmington & B^ltimjre RR Co.,
making the
total
amount
to be listed not to exceed $a03,593,-
400.
Rails for 1902.—This company has placed an order for
170,000 tons of steel raile, 35,000 tons each with the Cambria
and Pennsylvania steel companies and 100 00 tons with the
Urdted States Steel Corporation.— V. 73, p. 843, 723.
<
—
,
—
,
p. 553, 391.
Mexican Central Ry.— Plans.— The company is equipping
some of its engines for oil aud contemplates a large reduc
tion in the operating expense item of fuel, which was over
$3,000,000 (Mexican currency) in the last fiscal year.
The Rock Island extension to El Paso is about completed
and will make a through line from Kansas City to the c ty
of Mexico. A large increase in traffic will follow the opening of this line. Another project of importance is the construction of 260 miles of road from Junction City, Texas, to
Sierra Mojada, Mexico, the terminus of the Mexican Northern. This would supply the link to connect the Mexican
San Francisco. It is expected
Central with the St. Louis
that a plan for the retirement of the income bonds of the
Mexican Central will shortly be announced.— V. 73, p. 404. 337.
&
Mexican National RR.— Plan Approved.— The holders
of
Mexican National Ry., Limited, for deposited "A" and "B" 2d mortgage bonds, in London on Monday last, approve! the proposed readjustment plan. The latter had been previously approved by the directors of the depositary company, but the additional action of the certificate
holders was necessary to mike the sanction legally effective.
certificates of the
—V.
Pittsfleld (Mass.) Electric Rf.— Neic Securities.— The
stockholders on O^t. 16 authorized $20,000 new stock and
$95,000 bonds for extensions.— V. 71, p. 603.
Railroad Securities Co.— Bonds Listed. —The New York
Stock Exchange has admitted to the list the $S,000,00) three
and a-half per cent 50 year gold bonds of 19ol (series A),
secured by deposit in trust of an equal am unt at Dar value
of the stock of the Illinois Central RR. -V. 73, p. 843.
Railways Company General.— Reduction of Stock.—
certificate was filed at Trenton. N J on O^t. 18, of the reduction of the authorized and outstanding srock from $10,000,000 and $1,500,000 respectively to $1,200,000. through the
exchange of four full- paid shares of $10 each ($40 in all) for
ten shares of the old issue of $5 each ($50 in all).
(See
V. 73, p. 338.)— V. 73, p. 723. 445.
Snbnrban (Electric) Ry.— Neic
St. Lonis & Illinois
Freight Road. This road has been pened as a new electric
freight aud coal line between Eist St. Louis and Belleville,
12 miles. The road was formerly an ordinary trolley line,
but being paralleled by another electric railway, it was de,
—
(
cided to restrict the traffic to'the transportation of freight.
V. 73, p. 616.
St. Lonis Kansas & Southwestern Ry.— See Atchison ToSanta Fe Ry. above.— V. 73, p. 84*.
peka
St. Lonis & North Arkansas RR.—See Eureka Springs Ry.
&
73, p.
issued against $35,115,400 of underlying b mds neld by the
public, with authority to add to the list, but prior to Dec. 1,
784) the certificate holders
"A"
73, p. 723, 663, 554.
of this company will receive for
certificate new securities as follows:
above.
Exchange —Under the railroad company's plan (V.
every £100
;
V.
above.— V. 72, p. 45.
St. Louis & San Francisco RR.— Listed.— The New York
Stock Exchange has admitted to the liso $39,793,003 4 per
rent refunding mortgage gold bonds, whtcn, together with
$1 462,000 refunding bonds owned by the company, have been
73, p. 843, 784.
Mexican National Ry., Limited.— See Mexican National
RR.
Philadelphia Co. of Pitt*bnrg.— New Securities. The
stockholders will vote on Dec. 4 on propositions to authorize
the increase of the stock and bonds, and 'the acquisition by
purchase, or lease, of shares of stock or properties of other
corporations, and the guaranty of leases of prop rties."— See
October
86,
THK CHKONICLE.
1901.]
1901, additional amounts of such refunding b( nds, uot exceeding in the aggregate $1,000,000, as they may be failed in
exchange for nnderljing bonds, making the total amount to
be listed $40,793,000.
Exchange of Securities—The report mat'o to the New York
Stock Exchange with respect to the listing of the ahovenained bonds nives the following statement of each clasn of
underlying botds outstanding, and of the total amount thereof already deposited with Morton Trust Co. under terms of
circular in V. 72, p. 1081, viz.,
Hoi
TTndei lying
L &
Bonds—
B. F Rv. V!d
8t.
1st) ea. '•A,"'"B"
Issued.
Dtpotited.
mort. (now
and"C"
Kirs' mort 6s (Mo.
TriiHt mortgage! f
Trust mortgage of
Deposited,
a W. Div
)..
1HHO 6s
1887 5s
General mortgage".*
General mortgage cs
Consul. uinTUMgo 4s
W. & W. Rv. Istmoit. fis..
Ft. 8 & V.B Bridge 1st mort. (s.
1st mortgage
St. L. AS. F. Kit
8t. L.
00
1,71)0.126
1,000
'Xi.OOo
7,8<<U25
«,05o.<
2,000,000
1,636,000
ISO.'OO
3.(159.0.0
.
1,100 000
4,650,010
659,000
1,806,0*0
H.OiSV'00
1,083,500
4.650,000
no
45i».(
5,870,000
156,000
(6,500
Annual Rep /-..—See page 896 — V. 73, p. 392, 2*7.
St. Louis Southwestern Ry.— Interest on Incomes.— The
directors on Monday declared the full dividend of 2 per
cent on the second mortgage income bonds for the half-year
ending Jnne 30 last, payable Jan. 1 next.— See annual report, V. 73, p. 720; V. 73, p. 720, 723.
Santa Fe Prescott & Phoenix Ry.— Acquisition. See
Atchison Toreka ft Santa Fe Ry. above. -V. 73, p. £44, 781.
Somerset Ry. of Maine.— Control Sold. A controlling
interest in the stock, it is stated, has been acquired by Hon.
—
—
F. Hill cf Augusta and William T. Haines of Wa'erbut no change will be made in the management during
the fiscal year endirjg June 30 next.— V. 70, p. 1096.
United Railways & Electric Co. of Baltimore.— Cption.—
The option held by the Continental Trust Co of Baltimore
on the stock of the United Electric Light & Power Co., obtained in April last, expired rn Oct. 19, and it is thought
will not be renewed.— V. 73, p. 7t6, 392.
Washburn Bayfield & Iron River RR.— Removal of Rails.
The United States Court at Madison, Wis., on Oct. 12
ordered the receivers to take up the rails on 60 miles of line
and sell them, t( gether with certain of the cars, engines and
other rolling stock, the proceeds to be distributed among the
creditors.— V 73, p. 237.
Way cross Air Line RR.— Change of Name.— The directors
on Oct. 18 voted to apply for an amei-dujent of the charter
changing the name to the Atlantic & Birmingham RR.
and fixing the amount of the capital stock at $7,080,01 o, with
the right to inciease the same from time to time as may be
hereafter determired; also to extend tbe road northwesterly
from Cordt-le, Oa., toward Birmingham, Ala., about 124
miles, and from a point in Meriwether County, at or near
Warm Springs, to Atlanta, about 75 miles.— V. 71, p. 544.
Wilmington (N. C.) Street Ry.— Sale Confirmed.— Toe sale
under foreclosure on October 7 to Hugh McRae & Co. has
been coiifiimed.— V. 73, p. 786.
John
ville,
—
INDUSTRIAL. WAS AND MISCELLANEOUS.
Almada Sugar Refineries Co.- Incorporated. —This com-
New York on Oct. 9, with §3,500,
000 authorized capital stock, in $100 shares, to operate in the
Republic of Mexico, to take over the business of Almada
Brothers at Navolato, Simaloa, Mexico, and, it is stated, in
crease fourtold the, present facilities. Tbe net profits of the
old business are claimed to be $250,000 per annum. The di-
pany was incoruorated in
rect! r- are:
Jorge E. Almada and Jesus Almada of Navolato, Mexico; E J. Johnson of Twini-burg. O.; Santiago Smlthers, George Nordeuholt and
Charles W. Mackey of New York City, and li. V. A. Conger of Belleville,
N
J.
President. Jorge E. Almada; Vice President; Santiago
Smithers, 35 Broadway, N. Y.; Treasurer, Jesus Almada;
Secretary, Geo. Nordenholt, 35 Broadway, N. Y.
.American Brass Co.
New
.
American District Telegraph Co. of New York.-
p»r cent h
dend Increased. — A dividend ot
^
nounced, payable Nov. IB, making i% per cent
J>
an-
1
l
.
for
1901,
per cent in 1900, 2'f percent in lb9'J aLd ^ per
against 2
cent in 1803.— V. 72, p. 673.
California Central (ias & Electric Co.— Ponds Offered.—
The Mercantile Trust Co. of San Francisco offers for sale at
and interest S'iOO.OOO of this company's pr< s. nl tone of
first mortgage 5 per cent sinking fund ^old bonds,
dated Ang. 1, 1901, denomination $l,C0O, fine Aug. 1, 1931,
interest Auer. 1 and Feb. 1, payable at tre Mercantile Trust
A circular saye:
F41.C00 Co. of San Francisco, Trustee.
8, (-9.OC0
$f 1,136,125 $35,115,400 $16,020,725
Total
I
,
$2,178,100
178,< 00
•.1,000
1.500.000
1,962 000
Flrstniorr K. C I>lv, :is tfc 4s
North West. Division 4s
St. L. O. & S. By. let inert. 48...
forwarded to each of the stockholders. The.committee in
»ottheir circular say:
The execution and delivery of he enclosed utiiutvlll be *<iul\ alent
to th* deposit by you of yonr holding* of *tocli au<i wu entitle jou to
all tbe benefits of the agreements, preotselj tiir ram.- »» if yoi r stock
Hostel actually were di put n.-.i with uh tnri negotlsble tertifh
nf deposit Issued therefor, as oilgii..i.i> provided.
The time for stockholders to sign such assent* has bi
extended to Nov. 15.— V. 73, p. 721,
1
$5,590,000 $3,411,000
1.015.000
B43.4 oo
94K.000
701000
OiO.oeO
l,0i' 9,000
12,292.000
6,4 22,0'
4,M8t00
7.8O7.O0O
273,000
South West lJlv. fts
First mort Central Div. 4s
110
St'.ck.
—A
circular is about to
lirji£
1750.000
The deed
of trust
a first
Is
Hen upon
all
the corp< rate property, real
way, franchises, coni note, electrical equipment,
equipment and the stock of subsidiary corporations, and limits the
l.s-,ue of bonds to $l,l)0c,0u0; of this amount * 5' ,00o Is not to be
estate, rights of
Issued until deemed advisable for the acquisition of additional pi
erty ai d qulpmentB. The sinking funo, to be Invested by tbe MerUe Trust Co. of San Francisco. Is to iccetye, beginning An?. |,
1902, and annually thereafter, a sum equh alent to '2 ie, cent of the
Tbe company owns the gas and
total amount of the bonds Issued.
electric plants and the stock of corporations in the following cities in
the State of Callfoinix: Cbico, Butte County; (ii:i*s Valiey. Nevada
County; Marysville. Yub* Count j Napa, Napa Count*; Nevada City,
Nevada County; Petaluma, Honoma County; San Rafael, Marin
County; Santa Rosa, Sonoma County; Woodland, Yolo county; Yuba
City, Batter County, and propor-es to extend its sei vice to tin- fo lowin;;' localities: Belvedere. Mill Valley, Ross Valley, San
Q eutin and
Tiburon. In Marin County. The present net earnings of toe company
will
annum.
All
the
cities
be
supplied
is $73. C00 per
with eleo'iic
current from the Bay Counties Power Co leforeJan. 1, 190^, at a
greatly reduced cost, at which time the net earning capacity will be as
follows: Income, per annum. $*88.000; operating expenses, including
taxes, $1800u0; net earnings, $108,000; interest on bonds, $37,500;
sinking fund, $15,000; balance, surplus, +5",n0'; Increased revenue
available Jan. 1, 1902, from new territory and power sales (gross
*»o,0( 0, less operating expenses, inoluding taxes, $*8,0U0>, $17,0C0-,
total surplus, $72,500. -V. 73, p. 339.
<
;
Cambria Steel Co.— See Pennsylvania RR. under "Railroads."- V. 73, p. 844, 446.
Central Union (Bell) Telephone Co.— Plan Approved.—
The shareholders having duly approved the plan tor the reduction of the capital stock and its subsequent increase from
$3,481,500 to $10,000,000, the directors offer $3.4*1,500 of the
new stock to shareholders of record Nov. 1 pro rata at par. The
proceeds will be used for improvements. V. 73, p. 786, 618.
Consolidated Telephone Companies of Pennsylvania
This is a corporation located at Reading,
Official Statement.
Penn., and its lines are now being built over R-ading and
Bsrks County. It was incorporated about six months ago as
the Schuylkill Valley Telephone & re)e«rath Co., but its
name has now been changed to that of the C>ns didatf d Telephone Companies of Pennsylvania. It has just closed the
purchase of the following telephone lines
Lackawanna Telephone Co.. looated at Scranton, Penn., and covering Lackawanna County and vicinity.
People's Telephone Co located at Wilkesbarre and covering Wilkesbarre and the main portion of Luzerne County.
—
—
:
,
Anthracite Telephone Co. of Hazel on, covering the lower part of
Luzerne County and touching Carbon County
Slate Belt Telephone Co., at Slatington Lehigh County, Penn., cov
ering the slate regions of Lehigh and a part ot Nor h<tmnt< n County.
Danielsville Telephone Co. looated at Daniel* ville, Northampton
County, covering another portion of the elate and cement regions of
Northampton County.
L-high Telephone Co., at Allentown. covering Lehigh County.
Inter State Telephone & Telegraph Co., a long dii-tance lino extending from Scranton through the various towns and counties named to
Not r'stown, near Philadelphia, with a contract for oonuectlon with
the Keystone Telephone Co of Phi ade phu, an l wl h a branch extending from Norristown to Trenton, N. J where it oonneots with the
independent system of th *t State This company coers all the important towns and counties in the eantern part of Pennsyhauia, and
by extensions will soon reach all of them.
Stock to the amount ot $4,000,000 will be issnel immediately, fully paid up
Out of the $6,( 00 000 bonds authorized,
$900,000 will be placed in tbe hands of the trustee for the redemption of about $800,000 of underlying bonds, covering
the plants of three of the Companies above named, to wit:
Lehigb, Lackawanna and People's; $i,<i00,000 will be issued
immediately in payment of the purcha e money of the companies acquired, and $3,500,000 will remain in the hands of
the trustee to be used under restrictive provisions for future
extensions, purchases and at quisitions ot telephone lines in
Pennsylvania.
All of the plants named, except the one at
Reading, it is stated, "have liLes in full operatic n, with a
clientage very much larger than the clientage in the same
territory of the Bell companies.
The plant at Reading is being rapidly constructed,"
The officers are R. E. Wright. President, and C. M. W.
Keck, Treasurer, both of Allentown, Ptnn and Thomas H.
L 4 idy, of Reading, Secretary. When me rror^aniza ion is
c mpleted a new board representing the new intertsts will
be chosen —V. 73, p. 724, 238.
.
be issued to tne stockholders offering them the right to-subscribe at par pro rata to the remaining $575,< 00 of the $i0,000,000 authorized capital stock. The proceeds will be used
for additional working capital for the company.
The stock
will be paid for, one-half Jan. 1, H02, and one-naif April 1,
It is also ann mnced, as already reported, that the Ctii
1902.
jago Brass Co., control of which was recently acquired, will
be owned and opera'ed by the Coe Brass Co. for account of
he American Brass Co., parent company.— V. 73, p. 288, 238.
American Cotton Oil Co.— Committee— New Form of
Usents. -The Stock List Committee of the New York Stock
Crucible Steel Co. of America.— Competition.— See WilExchange having decided not to recommend the lisi ing c f he liam Jessop & Sods, Ltd., of Sheffield, below.
Ntto Plant. A Pittsburg dispaicn states tbat the directors
voting certificates in the form proposed under the stockholders' agreement of July 22 last, on the groutd that they are discussing plans for a new plant to cost, when completed,
about $5,000,000. -V. 73, p. 841, 844,
•ire not voting trust certificates, the protective committee
i em it unfair
to ask the stockholders to exchange their
Eastern Milling & Export Co.—Remaining Bonds Sold.
8t ck for unlisted certificates of deposits, but will accept the
The company has sold at ptr and interest to a syudicate of
written assents of stockholders in the form which has been New York and Baltimore capitalists the remaining $.'23,000
,
r
i
—
—
THR CHRONICLE.
902
first mortgage 5 per cent gold bo ids of the $800,0.10 authorized issue.— V. 73, p. 786. 84.
Eastman Kod ak Co —New Oonnolidation -Thii company
wa-< incorporated at Trenton, N. J., on Thursday, with |85,000,0 K) of authorized capital stock (of which $10,000,000 preper cent cumulative), for the purpose, it is underferred
stood, of consolidating the leadiog photographic camera and
supply concerns of this country and England. Incorporators:
(leorge Eastman. IIi»nry A. Strong. Edwin O. Hag Blebert O. Kenn.
B irrv. Walter K HubGeorge Elwangor, Julius Merrill. William
bell, Henry O. Brewster, all of Rochester, X. Y.; diaries S. Abbott of
Jamestown, N. Y William H. Oorbln of Jersey City, and M. B. Phll•,
;
New York
S e Kodak Limitei, V. 07, p. 11G0. 1237; General Aristo
Company, V. 69, p. 387.
Empire Steel & Iron Co.— Improvements.— The company
lipB of
[Vol. LXXIII.
for public subscription at par to Nov. 2, 19 U, its preferred
stock, with a bonus of one thare of full- paid common stock
with each share cf preferred, payable 25 per cent at the time
of subscription, and the balance in three equal instalments
on Feb., May and Aug. 2, 1902. Th^ advettw u.ent says:
Tlie business already contracted for will guarantee the payment of
the Interest on the preferred stock, and the inc. m.f from new business,
toll lines and from otli*-r sources will Injure a substantial ul vldend
on the common stock. The company has received promise-- from nearly
7,000 additional business and professional men In the city that tiny
become subscribers to the service as soon as it is in operation,
and the expectation Is that the list of suDscrlbcrs will reach rally 20,000 within two years.
A permanent office building is being erected on Second
Street, above Walnut.— V. 72, p. 91,
La Belle Iron Works Co. of Wheeling, W. Va.— Increase
of Stock. The stockholders voted on Oct. 15 to increase the
stock from $2,500,00) to $3,030,000, to consist of 33,000
shares of $100 each. The proceeds of the new stock will be
u-ed to build new tube works at Sseubenville.
Lombard Investment Co. — Decision Favirable to Shareholders—A. press despatch from Kansas City states that
Judge Hook of the United States District Court in Kansas
on Oct. 22 decided that the shareholders of this defunct corporation are not liable for the losses of the company's creditors or of the holders of its guaranteed mortgages. Tne comwill
—
has decided to proceed at once to make extensive improvements in its ore mines and facilities will be provided for
mining 250,000 to 300,000 tons a year, which will be required
We learn that,
for its furnaces in Eastern Pennsylvania.
contrary to report, no action has yet been taken on the
erection of a large steel plant at Oxford, N. J., but as a preliminary to this the building of a blast furnace is now under
consideration.— V. 72, p 629.
Erie Telegraph & Telephone Co.— Option.— A Michigan
syndicate headed by Dadley E. Waters, (President of the pany failed in September, 1893. The decision, it is stated,
Grand Rapids (Mich.) National Bank, has been given a thirty- was in the suit brought by the Anglo-American Land Mortday option on the compaoys controlling interest in the stock gage & Agency Co. of London.— V. 70, p. 1052
of the Michigan (B^ll) Telephone Co. This interest is said
Louisville Home Telephone Co. Mortgage.— The comto include $2,700,000 of the $5, 000,000 stock outstanding. pany, it is stated, has arranged to issue $l,u00,000 5 per cent
See American Telephone & Telegraph Co. on page 446 of bonds, most of which have been subscribed for at par, about
Chronicle for Aug. 31. 1901.— V. 73, p. 555, 84
$250,000 being taken in Louisville, the subscribers receiving
Federal Chemical Co.— This company has been incor- a bonus of 100 per cent in stock. The plant is now under
porated on Oct. 16 with $3,000,000 stock, divided equally into construction.— V. 72, p. 629.
common and 6 per cent cumulative preferred stock, as a conMichigan (Bell) Telephone Co.— See Erie Telegraph &
solidation of the following companies, owning phosphate Telephone Co. above.— V. 71, p. 137.
fields in Tennessee and Kentucky, viz.:
Pacific Coast Co.— Report.— The report for the fiscal year
Tennessee Phosphate Oo Mt. Pleasant, Maury County, Tenn. (own- ending June 30 shows results as follows:
ing l/iOO sores); Globe Fertilizer Co. and the Fox Chemical Co., both
Tear—
Qrots.
Net.
Oth. inc. Charges.
Div.
Bed., tur.
of Louisville, Ky.
19C0-1...
,
.$5,137,545 $1,150,870 $52,849 $16.',l07 $516,250 $225,362
5.290,442 1,404,782 47,071 478,739 535,936 437,178
447.
The stock, it is stated, has all been taken in Louisville, 1899-0....
-V. 73, p.
where the office will be located, the directors being,
Pennsylvania Steel Co.— See Pennsylvania RR. under
"Railroads."—V. 73, p. 845, 618.
People's Gas Litrht & Coke Co. of Chicago.— Listed.— The
The officers are: President, George Braden; Vice-Presi- New York Stcok Exchange has admitted to be phased on the
and Treas., J. D. Stewart; Sec, John C. Welsh.
list on Nov. 4, 1901, the $4,300,300 additional stock recently
Franchise Tax in Illiuois.— Supreme Court Decision in subscribed for by stockholders, making the total amount to
Favor of Tax.— At Springfield, III., on Oct. 24, the Supreme be listed $32,969,100.
Earnings. The earnings for the 9 months ending Sept. 3),
Court of the State, affirming the judgment of the Circuit
Court of Sanamon County, granted the writ of mandamus compared with those of the entire calendar year 1900, were:
Nine
Gross
Net
Depreciaasked for by the Chicago Teachers' Federation to co mpel the
Bond
Balance
Earnings,
/ion, etc.
Interest.
for Div.
State Board of Equalization to tax the capital stock of the Months. Earnings.
1901 ....$6,728,594 $3,254,868 $369,572 $1,392,660 $1,192,536
municipal corporations of Chicago according to the law The 12 Mos.
opinion states that the Court does not undertake to control 1900
$9,090,337 $4,612,551 $584,176 $1,857,300 $2,201,075
J.
M. Atherton, George Braden, John
J.
Harbison, John L. Helm,
Samuel A. Culbertaon,
J. B. Speed. C. E. Clagget, Charles T. Ballard,
Oscar Fenley, Attllla Cox and J. D. Stewart.
—
.
the discretion of the Equalizers in the valuation or assessment of the capital stock of the corporations, but lays down
the rules of law which govern, and the methods which should
be pursued by the Equalizers in assessing the franchises.
The decision names among the corporations whose capital
stock ehonld be assessed the Chicago Union Tracion Co. and
the other surface street railways, the People's Gas Light &
Coke Co., the Chicago Telephone Co. and the Chicago
Edison Co.
Havana Commercial Co.— Committee. — A committee conFrank Tilford (Chairman), Wm. H. Butler, Henry
R. Wilson H. B. Hollins, Philip Lehman and R. R. Govin has
sisting of
been formed with a view to arranging a plan for improvement of the affairs of the company, adjustment of its floating debt and extension of its operations. The three men first
named are directors of the Universal Tobacco Co.— V. 72, p.
432.
International Light, Heat
& Power Co.— New
—This parent company, incorporated
aware with $500,000 of "full
paid"' capital stock in $5 shares,
introducing a new patented street lamp. This lamp uses
kerosene oil, converting it. into a fixed hydro carbon gas,
yielding per lamp, according to an advertisement, "450
actual candle power, or by electric-arc rating 1,800 candle
power." Factory in Philadelphia. Lamps in use in South
Atlantic City, etc. No bonds, no preferred stock. A limited amount of stock is offered at $3 per share by William A.
Mears & Co. of Philadelphia.
International Salt Co.— Deposits Recommended.—The directors of the Retsof Company on Thursday passed a resolution recommending the stockholders of that company to
deposit their securities with the North American Trust Co.
under the plan of organization of the International Salt Co.
See V. 73, p. 724.
Jessop (William) & Sons Co , Ltd., of Sheffield, Eng.—
Contracts for American Plant.— Contracts have bten awarded
to the American Bridge Co. for the buildings, and to the
Westinghouse and other concerns for machinery for the plant,
to be built at Washington, Pa. A large crucible-steel plant, to
cost, it is seated, about $500,000, will be constructed, to compete with the Crucible Steel Company. V. 73, p, 141.
Kejstone Telephone Co. of Philadelphia.— Stc ck Offered.—
This company, having $5,0^0,000 6 per cent cumulative preferred and $5,000,000 common stock, in $50 shares, with temporary office in the Drexel Building, Philadelphia, is offering
—
1900.— V.
73, p. 680, 496.
Pocahontas Coal & Coke Co.— Payment.— Payment was
being made yesterday of the remainder ($9,92 7,800) of the
purchase price ($10,027,800— see V. 73. page 142.) of the Flat
Top Coal Land Association. Ex Judge E H. Gary, Chairman of the United States Steel Corporation, it is understood,
take3 title to the property for account of the new corporation, which has not yet been fully organized.
One or more
minor properties are also to be taken over.— V. 73, p. 845, 295.
Pressed Steel Car Co. Earnings. The company reports
earnings for the nine months as tollows:
NINK MONTHS ENDED SEPT. 30, 1901.
Net'earnings for quarter ended March 31, 1901
$139,330
•'
"
'
June 30, 1901
612,369
—
"
"
Enterprise.
under the laws of Del-
is
The dividends for the 9 months of 1901 at 6 per cent call
for $1,290,096, against $1,720,128 for the calendar year 1900,
leaving balance, surplus, $202,440 in 1901, against $480,945 in
tiept. 30.
1901
Net earnings for nine months ended Sept. 30, 1901
Deduct preferred dividends, S^per oent
Depredation, etc
Balanoe, surplus for
-V.
common
stock
511,918
$1,593,617
656,250
171,231
$766,136
73, P. 725, 187.
Furnace Co.— See report of Crucible Steel Co, in
Chronicle on page 841.— V. 73, p. 447, 394.
St. Clair Steel Co.— See report of Crucible Steel Co. on
page 841 of last week's Chronicle.— V. 73, p. 394, 621.
Shawmnt Oil Co.— Report.— The report for the year ending Sept. 3), 1901. shows earnings as follows: Receipts from
St. Clair
last week's
sales of oil, $197,705; other receipts, $4 777: total receipts,
$202,481 operating expenses (including $25,172 for construction), $99,220; dividends, $75„000; balance, surplus, $28,261.—
V. 72, p. 395.
;
Southern (Bell) Telephone & Telegrnph Co.— Franchise
in Richmona. The Baard of Aldermen and the Common
Council of Richmond, Va., last week passed over the Mayor's
veto an ordinance granting a 30-year franchise to carry on
business in the city, thus making the same effective. The
litigation pending since the revocation of the company's
franchise in 1894 will be discontinued, the latter to pay about
$25,000 for back taxes, licenses, etc. The new plant, work
on which will commence at ODce, is expected to be ready for
operation early next spring. V. 70, p. 86.
—
—
EF* For other Inveitment Newg see Pa ee 915.
October
THE CHRONICLE.
26, 1901.]
JPvqjorts
903
and documents.
GREAT NORTHERN RAILWAY COMPANY.
TWELFTH ANNUAL REPORT— FOR THE FISCAL
To
Hie Stockholdirs:
The President and
for the year
Direotors submit the
ended June 80th,
following report
1901:
1901.
Railway Company, as will be seen bj reference tof
'.ho, made up as follows:
oudatu Mohtoahk 4Hi Pib Osot Bon>s redeemed
page
Lets binds isswtt:
On account of construction of Spring Park Exten-
Capital stock.
capital of the Great Northern
June 30th, 1900, as shown In
Railway Company
was
$99,000,003 00
At an adjmrned annual meeting, held October Kith,
1900, the stockholders approved the action taken
by the Board of Directors April 20th. 1900, and authorized an increase of.
1,000,000 00
last year's reiort
In the tdiare capital, the additional shares to be IsBued only to the Great Northern Employes' Investment Company, Limited. In accordance with the
terms of contract with said Company, and as ex-
plained on page 7 of last year's Report.
2"th, 1901. the Direotors
adopted resolutions autlioi i/.lng an increase of the
oapltalstcck by
"for the purpose of acquiring the several bonds or
stocks, or both, to an aggregate amount of not less
than *25.00o.O(Ouo pnnolual, of the following-
80,
and oanoeled by the Trustee through the operation of the
sinking fund, as per detail on page 910
$718,000
financial.
The authorized share
ENDED JUNE
YI-.AK
$123,000
(•lun
On account
<>r
First
Mortgage bond redeemed Sep-
tember 15th, 1H99
In exchange for
Hani Minneapolis
St.
&
1,000
Manitoba
Railway Company's Seoond Mortgage bonds, sur140,000
rendered and oanceled
In exchange for Bt. Paul Minneapolis & Manitoba
Railway Company's Dakota Kxtension Mortgage
51,000
bonds, surrendered and oanceled
$315,000
Total issued
At a meeting February
25,000,000 00
Net reduction in Consolidated Mortgage 4^ per cent bonds $403, COO
Second Mortgage 6 Per Cent Bonds, canceled as above.. 140,000
Dakota Extension Mortgage 6 Per Cent Bonds, oanoeled as above
named oompanies:
51,000
Total reduotion In
&
The Kootenay Railway & Navigation Co., Ltd.
5. The Washington A: Great Northern Railway Co.
6. The Seattle
Northern Railway Co.
7. The Great Northern Steamship Co."
On Maroh 1 8th, 1901, the President issued a olrou4.
<fc
lar to the Stockholders asking their assent to this
proposed increase in share capital, and offering the
additional shares for subscription by them at par,
to be made as specified in the circular.
Assents having been reoelved from the holders of
more than seventy live per oent of the stock outstanding, it was announced, ou April 17th, 1901. that all
subscriptions had beoome binding and effective, thus
making the
Authorized Share Capital, Jane 30th, 1901
$125.000, 000
payments
Of the capital authorized there had been issued prior
to June 30th, 1900 (page 5, last year's Report)
$98,413,500 00
There have been issued during the year 182*3 shares,
amounting to
18,250 00
in exchange for 146 shares of the St. Paul Minneapolis & Manitoba Railway^Company, making the total number of shares of that Company now held by
the Great Northern Co. 195, 454 ($19,54 5,400).
2,800 shares, amounting to
280,000 00
have been transferred to the Great Northern Employes' Investment Company, Limited, under the
oontract mentioned.
Total outstanding June 30th, 1901
St.
Paul Minneapolis
& Manitoba Rail-
way Company's Bonded Debt
&
1. St. Paul Minneapolis
Manitoba Railway Co.
2. The Dakota <& Great Northern Railway Co.
3. The Montana
Great Northern Railway Co.
$98,711,750 00
Shares of the Great Northern in number 5,68234 are held
in the Treasury of the Company, not used inacquiring
the outstanding 4,546 shares of Manitoba stock, and
Shares in number 7,200, are also held in the Treasury to be
issued ocily to the Investment Company as subscribed for.
The average date of payment for the 250,000 shares of
stock referred to in circular of March lfth, 1901, having
been August 1st, 1901, the stock has been issued as of that
date, and the net cash payments received prior to July 1st,
1901, on account of same, $8,358,708 00, are taken up on the
balance sheet as "Net Paid Subscriptions to Additional
Capital Stock."
As the bonds of the St. Paul Minneapolis
Manitoba
Railway Company, to be acquired in accordance with the
terms of the resolution above quoted, are to be paid for by
assignment of the equities of the stockholders therein,
which assignment was not completed until final payment
was made for the new stock, September 25th, 1901, they
are not included on the balance sheet, in " Cost of
Properties and Securities owned by the Great Northern
Railway Company." For the same reason, the cost of the
improvements covered by these bonds has not been transferred from "Cost of Additions, etc., to Property Leased
from the St. Paul Minneapolis
Manitoba Railway Company, etc.," to "Cost of Railway, Equipment and Lands
owned by the St. Paul Minneapolis & Manitoba Railway
&
&
Company."
These adjustments will appear in the accounts for the year
ending June 30th, 1902.
Of the securities of the Kootenay Railwav & Navigation
Company, Limited, there had been acquired June 30th,
1901, substantially all of the £500,000 common i-tock and
£219,717 10s. of the £480,000 debenture stock issued. The
cost of same is included in the item "Cost of Properties and
Securities owned by the Great Northern Railway Company"
on the balance sheet.
The properties owned by the Kootenay Company and by
the Seattle & Northern Railway Company, as well as the
several lines of railway now under construction, are decribed hereinafter under the head of " New Lines."
Bonded Debt.
There has been a net reduction of $594,000 during the year
in the bonded debt of the St. Paul Minneapolis & Manitoba
$594,000
The Montana Central Railway Company issued during
the year $700,000 of its First Mortgage five per cent bonds
to pay for additional equipment and facilities for and improvements of its railway. The issue of §10,000,000 bonds
authorized under this mortgage is now' completed. The
new bonds were turned over to the Great Northern Railway
Company in part payment of advances made by that Company for the purposes mentioned, and they are now held in
its Treasury.
PURCHA.8E OF BURLINGTON STOCK.
The Great Northern Railway Company and the Northern
Pacific Railway Company have jointly purchased 1,075,772
shares ($107,577,200) of the capital stock of the Chicago Burlington & Quincy Railroad Company (being 96 79 per cent
of the total authorized issue), and in pa}~nient for same
have issued their Joint Collateral Trust bonds and scrip to
the amount of $215,154,400. Further bonds of the same
series, up to a total of $222,400,000, may be issued for acquiring the residue of the stock. The bonds are dated and
-
draw
interest from July 1st, 1901; they mature July 1st,
but may be redeemed on the first day of any January
or July after January 1st, 1906, at 105 per cent with accrued
interest; and draw interest at the rate of four (4) per cent
per annum, payable January 1st and July 1st in each year
on coupon bonds, and January 1st, April 1st, July 1st and
October 1st in each year on registered bonds.
The shares of Chicago Burlington & Quincy Railroad
stock thus acquired have been deposited with the Standard
Trust Company of New York, as Trustee, under a collateral
trust indenture securing the above bonds, and a contract
has been entered into between the Great Northern and the
Northern Pacific companies defining the rights and responsibilities of the companies growing out of the acquisition
1921,
of the stock.
As this transaction was not completed until after the
close of the fiscal year, neither this Company's interest in
the Burlington stock acquired nor its liability on the joint
collateral bonds issued are taken up in the accounts shown
in this report.
The map published herewith shows the relation to each
other of the lines of the Great Northern, Northern Pacific
and Burlington Systems.
The Burlington system includes 7,992'60 miles of standardgauge railroad (on which are 42315 miles of second track,
making 8,415-75 miles of standard-gauge single track) and
178*77 miles of narrow-gauge railroad. It is located in the
States of Illinois, Iowa, Missouri, Nebraska, Kansas, Colorado,
Wyoming, South Dakota and Montana,
a territory of
great extent; rich in all resources except timber; already
well populated and developed, and containing many large
cities.
favorably located, with ample terminals
centres of this territory, including
Chicago, St. Louis, Peoria, Kansas City, St. Joseph, Omaha.
Denver, St. Paul, Minneapolis, Burlington and Des Moines.
The territory served by the Burlington produces most of the
machinery and implements used on the farms, in the forests, mines and mills of the tier of States reached by the
Great Northern and Northern Pacific. It also produces a
large part of the iron and steel products exported to Asia
via the Pacific Ocean. Chicago. KanMtf City. St. Joseph
and Omaha are the largest provision centres in the country.
At St. Louis it connects with the chief cotton-carrying lines
On the other hand the Burof the South and Soutliwest.
lington territory takes for fattening the live stook raised on
the Northern and Western farms and ranches. It consumes
lumber in all shapes on a large scale.
The Burlington
in the
important
is
traffic
THE (HKONICLE.
904
The timber of Mioh'gan, Winoonsin and Minnesota will
The Forests of
n be gone.
State of Washington musl
hereafter, to an increasing extent, supply the demaod lor
lumber in the prairie States of the Middle West. Those
1
1 1 -
forests are now the most extensive and most available body
The Great
of sawing timber standing in the Unite States
1
Northern penetrates them in many places and should be in
a position to reach a market and secure the haul of the vast
tonnage they are capable of affording. The size and value
constantly increase.
In addition to outstanding and authorized stock of the
Turlington, averaging approximately $18,139 per mile of
track, there are outstanding in the hands of the public,
after deducting sinking funds in the Treasury, bonds on the
system amounting approximately to $15 829 per mile, making the capitalization of the Nystem approximately $28,96:3
per mile of standard-gauge track.
of
tli is
traffic will
General.
Expenditures were made during the year on the capital
accounts of Proprietary Companies for work completed or
under construction, as follows:
$2,2f*6,706 S7
Eastern Railway Company of Minnesota
Montana Central Railway CompHny
424, 7 9 03
Willmar & Sioux Falls Rdlway Company
517,357 33
l,77t> 60
Dulutb WatertowD A Pao'llc Railway Company
Seattle & Montana Railroad company
181.344 38
Dulutb TVrmiuai Railway Company
3.000 69
(Credit)..
Leech Lake Railway Company
Park R.ipi Ih
14,924 77
Minneapolis Union Railway Company
2 331 12
(Credit)..
<fe
$3,401,657 17
Total
[Vol. lxxiii.
\ ia Kettle River and Cascade,
B. C, a total distance,
including branches, of about i"8 miles.
Ibis line will
afford transportation to several large, rich and already
well developed mining camps, and its opening for traffic
will be followed by (lie development Of many properties
that have hen waiting for rail transportation. It is expected that this line will add largely to the Company's
ton,
traffic
and revenue
&
The
line of the Heattle
Northern Railway Company extends from Anacortes to Rookport, Washington, 57 4 miles,
crossing this Company's existing lines at Burlington, Wa^li
ington. This line runs through a heavily timbered country
and will develop a large lumber and coal traffic
The
gation
owned by the Kootenay Railway
ompany. Limited, are:
properties
<
&
Navi-
The Kootenai Valley Railway, in the State of Idaho, and
the Bedlington & Nelson Railway, in British Columbia, together forming a line of standard-gauge railway from
Bonner's Ferry, Idaho, to Kuskonook, British Columbia,
41-25 miles, with trackage rights over 870 miles of track of
another Company.
The International Navigation & Trading Company, Limited, operating steamers on Kootenay and Duncan Lakes
and the Duncan River: and
The Kaslo & Slocan Railway, owning and operating a line
of narrow-gauge railway from Kaslo to Cody and Sandon,
British Columbia, 31*80" miles.
All of the above lines are shown
on the map published
herewith.
Good progress has been made during the year on the two
steamships, referred to on page 28 of last year's Report, being built for the Great Northern Steamship Company by
the Eastern bhipbuilding Company, at New London, Conn.
The entire balance of Income Account for the year,
amounting, as per table on page 908, to $l, 689,064 28, has
been transferred to '"Fund for Permanent Improvements
REVISION OF LINEe.
and Renewals;" and there has been charged against that
Reference
was
made
on page 24 of last year's Report to
fund $1,898,878 53, the cost of improvements (other than
the
revision
lines
of
for
the purpose or reducing grades and
the
those charged to Operation) made during the year to
property leased from the St. Paul Minneapolis & Manitoba curvature.
Changes of this character completed during the yeir were:
Railway Company.
Between the summit of the Rocky Mountains and Havre,
NEW LINES.
Mont., 41-73 miles of
new
in place of 42-88 miles of old line,
Of the new lines referred to in last year's report as being reducing maximum grade from one per cent to eight-tenths
built by the St. Paul Minneapolis & Manitoba Railway Com- of one per cent, and materially reducing curvature. This
pany, the following were completed and opened for traffic.
mileage includes the 9- 2 miles at Durham and Midvale
mentioned
last year as under construction.
Lake
Extenclon
of
Mlnnetonka
1,1900:
Line
from
8pring Park
Aug.
to St. Bonifaoius, Mian., 8-VJ2 miles.
Between Teton and Tunis, Montana, 16*65 miles of new in
Oct. 7. 1900: Cine through Everett, Washington, 3 63 miles.
place of 13 04 miles of old line, reducing grades from two and
Dec. 20, 1900: Line though Casoade Tunnel, Including approaches
two tenths per cent to six tenths of one per cent, besides re3^ 2 miles.
-
June 14,1901: Line through Spokane, Washington,
track and 1*19 miles of second track.
The completion
and removal of
50 )
of these lines permitted the
miles of
main
duckg
curvature.
2*05 miles of new in place of an equal
of old line, reducing grades from one per cent to sixtenths of one per cent, and reducing curvature.
At Sydney, Montana,
abandonment length
Line from Hopkins to St. Bonifaoius, Minn 19-66 miles, and Switchback over Cascade Mountains, 1266 miles. Also the surrender of
trackage rights over 480 miles of track in Spokane, Washington and
5*25 miles between Lowell and Everett, Washington, belonging to
other Companies.
,
The line of the Eastern Railway Company of Minnesota
from S'ony Brook north, also mentioned last year, is 46-49
miles in length and was opened for traffic August 1st, 1901.
The Dakota & Great Northern Railway Company is now
building a line extending about thirty miles northerly from
Lakota, North Dakota, and a line extending from Bottineau, North Dakota, about twelve miles northwest. It is
expected that these two lines will be completed in time to
move this year's crop.
The Montana & Great Northern Railway Company is building from Jennings, Montana, northerly along the Kootenay
River, about fifty one miles, to the International Boundary,
where it will connect with a line being built by the Crow's
Nest Southern Railway Company to the coal fields of the
Crow's Nest Pass Coal Company, at Fernie, B. C. The length
of the lines from Jennings to Fernie, including spurs, will be
Between Wickes Tunnel and Boulder, Montana, on the
Montana Central Railway, 9'04 miles of new in place of 9*29
miles of Id line, reducing grade from two ani two-tenths
(
per cent to one per cent.
The work on these three lines was referred to last year,
and has been very heavy.
In addition, the alignment has been changed along the
Wenatchee River, 2*26 miles of new being built in place of
2-39 miles of old line.
In connection with this work steel
bridges have been erected over the three crossings of the
Wenatchee River.
The grades between Galena and Espanola, Wash., on the
Cascade Division, have been reduced from one per cent to
eight-tenths of one per cent.
The work of changing the line between Huntley Coulee
and Great Falls, Mont., 22*62 miles, referred to last year, has
been continued, and, it is expected, will be completed by
November 1st, 1901. On this line steel bridges are being
erected over the north fork of Portage Coulee and over the
Missouri River near Great Falls.
Work is now in progress improving the alignment on
the Cascade Division by building 2*89 miles of new line between Harrington and Moscow and 1*42 miles of new line
between Moscow and Edwall, Wash.
A new line is being built from Belleville to Fairhaven,
Wash., on the Seattle & Montana Railroad, 18*90 miles, reducing the maximum grade from two and one-half per cent
to one-half of one per cent.
about one hundred miles.
Crow's Nest Pan- coal and coke are of a superior quality.
The Coal Company's plant is being enlarged and the output
increased. In ad iition to furnishing coal for Company use
and for commercial and domestic purposes in the Northwest
these mines are expected to supply the smelt rs at Great
Falls, Butte, Anaconda, Northport and Everett, and will
furnish a heavy and profitable traffic.
EQUIPMENT.
Since the close of the fiscal year the Montana & Great
Northern Railway Company has purchased the line of the
following
equipment
The
has been sold or taken out of
Great Falls & Canada Railway, extending from Great Falls, service during the year:
Mont., to Sweet Grass on the International Bjundary, 134*37
11 light Great Northern Railway looomotivea.
2 light locomotives acquired by the Eistern Railway in 1898, in
miles. This line is now narrow-gauge, and, until widened
purchase of Dulutti Superior & Western Railway.
to standard-gauge during the current fiscal year, it will be
42 small fl tt cars taken "ver with the Sioax City & Western Railoperated by the Great Falls & Canada Railway Company.
way January 'st. 1900, and
1 small steam shovel acquired by the Eastern Railway in 1899 in
The map published herewith shows the material reduction
purchase of Duiuth Mississippi River & Northern RR.
in length of haul on shipments between points west of
Shelby Junction and south of Great Falls, resulting from
The Report for last year stated that, of the equipment
the acquisiti n of this line.
previous!}' ordered, 26 locomotives, 1 official car and 1,250
As a portion of a projected extension, the Montana & freight service cars had not been received and taken into
Great Northern Railway Company has built 10*32 miles of account at the end of that year.
line from Kalispell, Mont., south to Flathead Lake.
During the present year orders were placed for 60 locoThe Washington & Great Northern Railway Company in motives and 62 passenger service cars, of which none had
the State of Washington, and the Vancouver Victoria & been received and taken into account at the end of the
Eastern Railway & Navigation Company, Limited, in year, and 2,300 freight service cars.
British Coluu bia, are now building lines of railway that
Of the total new equipment undelivered at the close of
will form a through line from Marcus, Washington, on the last year and ordered this year, the following had been reSpokane Falls & Northern Railway, to Republic, Washing ceived and taken into account at the close of this year:
fc
'
OCTOBEB
THE OHKONKLK.
36, 1901.]
23 twelve wheel freight engines. 19 Inch by 32 im h cylinder*, ireigb
lug !•• -.000 pounds n drivers.
2 six wheel i-wten ei glues. 19-iaeh by 38 inch oj Under*, weighing
187.04 »> pom 'in on driver*,
l six wheel awiceh engine, lit -inch by 2e-lnch cylinders, weighing
rounds on drivers.
137.0'
<
1
business
_
(i»r.
thirty idx-feel HO 000 pounds capaolty box care for the Wlliuutr A
simi \ Fall a Railway
2ro fon < iv«v ioo,( oo ponndi Moaolty gondola cars.
lOuf.ru r« 1 l' o,< oo ponnda oapaolty sand oare.
200 forty f. et i-O. ooo pounds oapMlty Hat oars.
400 thirty t-ix feet loo.O' o pounds rapaolty wooden ore earn.
ISO tweniy-two feet OO.OtO pouud.-. capacity hopper bottom steel
cars.
100 thirty-one feet ICO.COO pouuds capaolty hopper bottom steel ore
oars.
300
1
On all new tracks built and traoki relald, tie-plab
irly put in ail main
being used they are also beii
tracks.
During the year 1,835,442 ol tl
inking the Dumber now in ti;e k 4,479,442.
A permanent lining of tbeWickea Tunnel on tb
tona Central Railway, is eing completed.
a tie-treating plant has been built at Flathi
ke,
about t> ii and one hair miles south of ECalispt 11,
for the purpose of preserving ties by the Well house mod
When fully in
cation of the ordinary Burntrttizinf
.'*
operation it is expected this plant will treat
and
life
increases
the
of
ties
the use of
day. This process
treated ties wiU materially reduce the annual
;
1
t
i
<
renewals.
A brick addition 75x200 feet has been made to th<- o< ich
paint Shop at St. Paul, Minnesota.
a brick freight house 50x600 feet has been built at Spokane,
Washington, and is being used by both the Great Northern and Spokane Falls & Northern railways. A brick
pa senger station at this place is under construction, to be
completed December 81 t. L901. A brick freight bou
been builtat Everett, Washington.
On account of change of line between Teton and Tunis,
the station at Benton, Montana, lias been re-located and ;v
n w depot, freight shed, wool warehouse and two section
t
The above freight Fervioe equipment
is all
**
i
iii'i>i"*
air brake s and automatic couplers.
Tlu- remaining 3,000 freight servi e cars arc
deli vim id.
There were also purchased during the year:
,
l
with
now being
2 simple box oars,
1 sample ore ear, and
1
wrecking
car.
There wire built at the Company's shops
equipment:
3
7
for
additional
fonr Wheel Caboose oars, and
Lidgerwood uuloiders.
wis expended during the year for equipment
which amount jl, 460,801 62 was charged t<> New Germany,
$1,780,570 55, of
"Equipment Acooui t.
As equipmi ct is destroyed or taken out of service Operating Expense is charged and "Fund for Replacement of
Equipment " is credited with the cost of replacing same.
AVhen equipment for replacements is purchased the
is charged to the account last mentioned.
cost of
same
put in at Manley, Minne
and Sioux Falls, South Dak ta.
Pneumatic crossing gates have been placed at Monroe
Street and Twenty-fifth Avenue S. E.. Minneapolis.
The terminal of the Montana and Kalispell Divisions has
been charged from Blackfoot to Cut Bank, Montana, and
there have been built at the latter point, in addition to an
adequate yard, a 15 stall brick roundhouse witli heating and
steam plant, boiler house 30x33 feet, machine shop 25x44
Interlocking plants have been
sota,
feet, 66-foot steel turntable, 70 foot cin'er pit, 20 pocket
coaling station, permanent water supply plant and a frame
boarding house, 35xb7 feet, to accommodate the company's
employes.
The yard at Willmar, Minn., has been revised and enlarged and the following new buildings erected: 26-stall
brick roundhouse with boiler house, heating and steam
plant, machine shop, 66 foot steel turntable, 70 foot cinder
pit, brick storehouse 30x40 feet, brick oil house 24x26 feet,
20-pocket coaling station and unproved water supply plant.
A new ice h< use, 2Rxl50feet, has been built to accomodate
the increasing traffic.
The work of building a new yard at Havre, Montana, and
of erecting standard shops and buildings for a division point,
in place of the present buildings, which have been outis
A new
now
in progress.
being built at Everett, Washington; also a
betsveen Lowell and a point of connection with the
Coast Line, above Everett, including steel over-head bridges
and draw-bridge over Snohomish River, brick roundhouse,
boiler house, machine shop with full equipment, coaling
station, e'e, etc.
The yard at Sioux City, Iowa, has been increased by four
tracks and by a connection with the Chicago Milwaukee &
yard
is
line
Paul Railway.
Three additional tracks have been laid in the yard at
East Spokane, Washington.
,
The double track on the Eastern Railway of Minnesota
has been extended 109 miles between Boylston, Minn., and
State Line and 338 milts between Cloquet and Carlton,
Minn.
The change of line through Cloquet, Minn., including
double track and yard, is practice lly completed.
St.
The laying of additional passing tracks 3,000 feet long and
the extension of old tracks to that standard length have been
continued during the year, and in addition many house
tracks and tracks for local industries have been laid. The
net increase in side-track mileage during the year, including
these tracks and such tracks in the new yards previously
mentioned as were laid June 30th, is as follows:
Miles.
Line leaned from St Paul Minneapolis & Manitoba Railway Co.. 4 i 4-1
Line leased from Park Rapids <fc Leech Lake Railway Co
30
Seattle & Montana Railroad
3-f0
'.'.'.'.'.'.'..'.'.'.
."..'.'.'.'..'.'.'.
Eastern Railway of Minnesota
8 23
.[[""[[[' ".'."'.'."'.'.'.'.'.I
Duluth Terminal Railway.
oi
'.".'.'.
'.'..'.'.'...
..*
Montana Central Railway
"86
Wilunar iV Sl«iu\ F lis Railway
......"™".'!J.\".""".'.""
Spokane Falls & Northern Railway System. ".II*!.!. ...... ......
"..
Total
„
Minn.
Spring Park, Minn.
St. Bonifaclus, Minn.
Kandljohi. Minn.
Ihlen, Minn.
Donnelly, Minn.
Halloway, Minn.
Borup, Minn.
Baker, Minn.
Wo verton, Minn.
McLean, Neb.
Rawville, So. Dak.
Cavalier, No Dak.
Barton, No. Dak.
Edinburgh, No. Dak.
Granville, No. Dak.
Muza, No. Dak.
I'enn, No. Dak.
Chester,
Mm. t.
Browning, Mont.
Newport, Wash.
Odessa, Wash.
Old Mission, Wash.
Numerous other depots have been altered and enlarged.
Freight sheds were built at Nevis, Minn., and Wenatchee,
ADDITIONS AND IMPROVEMENTS.
grown,
ie
houses have been built.
New depots have been built at the following station-
8 oars for
There
905
2
f>3
13s
66 40
During the year 6713 miles of main line tracks have been
relaid with 80 pound rail and 68'35 miles with 68 pound in
place of lighter rails taken out and used in the construction
of passing, yard and other tracks.
Between Williston and Glasgow, Montana, 150 miles of
77% pound rail are being laid in place of 60-pound rail.
Wash.
Section houses have been built at the following stations :
Mt. Vernon. Wash.
Coram, Mont.
Rlchmor d Beach, Wash.
Kalispell. Mont.
Spring Park, Minn.
Cascade, Mont.
Craig, Mont.
Dearborn, Mont.
Hardy, Mont.
Mitchell, Mont.
Silver,
Mont.
Ulm. Mrnt.
Wolf Creek, Mont.
Blackfoot, Mont.
Wash.
Llbby Creek, Mont.
Troy, Mont.
Si ohoml-li.
East Spokane, Wash.
Edmonds, Wash.
Stanwood. Wash.
Sllvana, Wash.
Trinidad, Wash.
Wenatchee, Wash.
Harrington, Wash.
Mukilteo, Wash.
Sultan. Wash.
Leavenworth. Wash.
Marysville, W^sh.
Stock yards have been built at
Leaf River, Minn.
Morris, Minn.
Bethel, Minn.
Cambridge, Minn.
Bancroft, So Dak.
Vienna, So. Dak.
Reynolds, No. Dak.
Cando, No Dak.
Galata. M<>nt.
The stock yards at Doon, Iowa; Hinsdale, Mont.; Wenatchee, Wash., and Wilson Creek, Wash., have been
enlarged by building additional pens. Six yards have been
furnished with stock scales and four with water plants.
Two additions. 291x300 and 233x300 feet, and a hay barn
50x80 feet, have been added to the feeding yards at Minot,
No. Dak. Other stock yards have been remodiled and
improved.
Additional coaling s'ations equipped with lifting engines
and the necessary tracks have been built, one at Chester,
Mont., ten pockets, and one at Trinidad, Wash., twelve
pockets. At St. Cloud, Minn., a coaling station has been
built in place of one burned.
Permanent improvements in the water supply are being
continued, numerous plants, both additional and replacing
others, having been built.
Many
loading platforms have been built during the year.
way fence has been built during the year as
Right of
follows:
Mdes.
Great Northern Railway
Eastern Railway of Minnesota
Montana Central Railway
Willmar & Sioux Falls Railway
Total
1
14-90
1'39
7 26
15. 39
4*69 miles of permanent snow fence between Havre.
Mont., and Cut Bank. Mont.
Banks have been widened and raised on '2;ir,:>0 miles of
track: banks widened and tracks ballasted with gravel on
41-22 miles, and track ballasted with gravel on 378*85 miles.
Widening and raising em< ankments is now in progress between Swan River and Deer River, Minn, on the Eastern
Railway, and ballasting on the Breckenridge. Northern and
Dakota Divisions and on the Montai a and Kalispell Divisions east and west of Cut Bank, Mont.
The replacement of bridges and trestles with steel, or tillicting them so as to make solid embankments, has
ively followed during the year, the record being:
Length of bridges built
and
5.030
Great Northern P.ailway (on old lines)
106
Montana Central Railway
In addition, steel railway bridges were bnilt on new lit e
through Spokane, in approaches to Cascade Tunnel and on
3835
new line between Teton and Tunis
323
and steel street bridges In Spokane
Total length of steel bridges built.
9,544
THE CHRONICLE,
906
Lineal feet of bridges
filled
11.9HO
1,587
Great Northern Railway
cV Montana Rat! mart
Eastern Railway of Minnesota
Montana Central Railway
Willmar & Sioux Falls Railway
Seattle
&
Paolric
movement of settlers upon its lines as during the
past year. The settlement has not been confined to any
particular locality, but has been general, The larger part
of the bnmlgral ion comes from tin- Middle We-t, and is of a
character which will rapidly develop the new country in
which it has located.
The Company's policy of making low rates to its Western
territory has enabled settlers to avail themselves of the
cheap lands of the West. This increase in the settlement of
the lands lying along its line is evidenced by the increased
volume of the Company's general traffic.
If the United
States Government would undertake an intelligent and
comprehensive plan of irrigation for the purpose of reclaiming the semi-arid lands of the West, their immediate settlement would follow. The public domain is in charge of the
Government, whose duty it is to put it in condition fcr use.
It belongs to the people.
The Board respectfully call the attention of the shareholders to the Report of the Comptroller, with the customary
balance sheet and statistical tables, and to the Report of
great a
:
Feel.
Duluth Watertown
[Vol. LXXIII.
700
4*0
5.40S
17«
Railway
20,301
Total
To provide the necessary waterways
in place of bridges
as above, 71 stone culverts, 7 brick arch culverts. 47
pipe culverts and 8 box culverts were put in.
The wooden bridging on the line was still further reduced
during the year by removal or re-location of lines as follows:
Great Northern RailwayChanges of line at Durham, Mldvale and between Teton and Feet.
Tunis
1,336
Removal of switchback over Cascade Mountains
5,672
Kastern Railway of MinnesotaRemoval of additional track between Brace Junotion and
3,351
Cloquet
filled
10.359
Total
the
Land Commissioner.
JAME3
The following is a close approximation of the quantities of
material moved during the year in changes of line, reduction
of grades, widening and raising banks, bridge rilling and
President.
COMPTROLLER'S REPORT.
ballasting:
Cubic Yds.
In change of line and reduotion of grades
1,588,550
In wi tenlng and raising embankments, and generally restor759,762
ing banks. ...
For filling bridge?
1,032,192
For ballasting (gravel)
1,051,994
For new lines throngh Cloquet, Spokane, Oaseade Tunnel and
Everett
836,820
Total
5,319,318
There were also placed:
Cubic Yds.
Masonry
25,f«3l
Concrete
Riprap
21,595
66,305
Total
113,431
HILL,
J.
Mr. James
J. Hill, President:
Dear Sir— Herewith
I beg to submit statements showing
results of operations of the Great Northern Railway Company and its proprietary companies for the fiscal year ended
June 30th, 1901.
These statements are made in the same form and on the
same basis as those submitted with last year's report.
The first statement following shows the Earnings. Operating Expenses, Taxes, etc., of the Railway SYSTEM, exclusive of the Spokane Falls & Northern Railway System,
which is operated separately. The next statement shows
the division of those amounts between the several railways, and includes as a separate item the same information
for the Spokane Falls & Northern Railway System.
The
Revenue and Income Accounts of the Great Northern Rail-
Following the plan of previous years, only such amounts way COMPANY follow.
us represented cost of actual additions to the property have
The change in "1900" figures for "Tons of Freight Carbeen charged to "Additions and Improvements." and the ried" and "Passengers Carried" is fully explained in note at
entire amount charged to that account during the year on foot of the table.
account of the line leased from the St. Paul Minneapolis &
The balance sheet, like the one published last year, preManitoba Railway Company, or $1,898,878 53, has been trans- sents a complete statement of the property, capitalization
ferred to "Fund for Permanent Improvements and Re- and finances of what is known as the Great Northern Railnewals," so that the Great Northern Rdlway Company is not way line. The finances, etc., of the Spokane Falls & Northcarrying on its books, as an asset, the cost of any additions ern System and of the Northern Steamship Company are
and improvements.
not included, those properties being operated and their
All replacements, renewals, etc., have been charged to finances kept separate and distinctfrom those of the balance
Operating Expenses. The amount included in "Mainten- of the system.
ance of Road and Structures" this year, for extraordinary
R. I. Farringtox.
.
improvements, etc., is $1,236,204 75.
Comptroller.
The permanent improvement of the property has been
continued to a greater extent than ever before, and the GROSS EARNINGS, OPERATING EXPENSES. TAXE8. AND NET
track is constantly being made better. The equipment and
EARNINGS, OF THE RAILWAY SYSTEM, AND PER
MILE OF ROAD OPERATED.
facilities for handling the Company's traffic have been
largely improved and increased.
Foe the Fiscal Year Ended June 30th. 1901, Compared with the
Previous Fiscal Year.
VOLUME OF TRAFFIC AND RATES.
On account
of the crop failure last
fall,
the
Company
hauled during the year 3 1,863,372 bushels less wheat and flax
than during tne previous year, and its earnings from these
two commodities were reduced by $2,897,747 25. As the
farmers received less money from their crops, their purchases were reduced and there was a falling off in receipts
from westbound merchandise, etc., on the eastern section of
the line; how much cannot be accurately measured
The earnings from the iron ore traffic of the Eastern
Railway of Minnesota increased $136,651 75. The freight
earnings of the system decreased but $909,365 98. There
was, therefore, an increase in earnings from traffic other
than wheat, flax and iron ore, of $1,^51,729 52. By far the
larger part of this increase came from business to and from
the Pacific Coast. The revenue ton mileage of that portion
of the system east of Minot, N. D., decreased 142,233.003 ton
miles, while that of the system west of Minot increased by
119.191,316 ton miles.
The average receipts per ton per mile were reduced 028 of
a cent, or 3-1146 per cent. On the ton mileage hauled
during the year this reduction amounted to about $695,000.
While the ton mileage of revenue freight was reduced less
than one per cent, the mileage of loaded freight cars was
reduced 1-1065 per cent: of empty freight cars. 12-1430 per
cent; and mileage of freight trains 72899 per cent: resulting
in an increase of 24*514 tons (6-8709 per cent) in the average
number of revenue tons per freight train mile, making the
average train load of revenue freight 381 294 tons.
The earnings of passenger trains increased §304.434 96. or
over 5 per cent, of which $257,241 58 came from passenger
fares, $21,925 24 froni sleeping cars, $15,647 71 from transportation of mails, $6,561 78 from transportation of express, and the balance from miscellaneous sources.
The
average earnings per passenger per mile decreased 3-7 per
cent and are now 2*29 cents. Effective July 1st, 1900. the
local rates in Washington and Idaho were reduced to three
cents per mile.
It is gratifying to note that the immigration referred to
in the last Report has continued with increasing volume.
Never in the history of the Company has there been so
NOTE —These
figuret do
NOT
include the Spokane Falls
dt
Northern
Rail tay System.
GROSS EARNINGS.
Per cent
1901.
76-2721 $21,«23,653 95
17-3164
4,909,332 74
2-7906
791,144 86
1-0912
309,3H9 60
2-5297
717,188 60
$22,53-1,019 93 77-9398
4,652,091 16 160912
775,497 '5 2-6824
Freight
Mail
302,^07 82
647,o73 20
Miscellaneous
$28,350,639 75
Per cent
1900.
Class.
10474
2-2392
$21,910,789 26
Total
OPERATING EXPENSES.
Per cent
489246 $7,751,339 13
Conduct' g Tran sp
2,354,311 46 ..Maint. of Equipm't..
Maint. of Road ?
<
4,402,157 25
and Structures. )
(
1,335,613 2* ...Gen'l Expenses..
14-8599
27-7854
8-4301
.
.
.
Per cent
1900.
General Accounts.
1901.
.
$7,122,317 04 47-8762
2,114,408 41 14-2120
4,330,359 09 291066
1,309.993 38 8-8052
$ 14.377,577 92
$15,843,421 06
SUMMARY OF EARNINGS AND EXPENSES.
1900.
1901.
$28,910,789 26
14,877,577 92
$28,350,689 75
15,843,421 06
....Gross EarniDg?
$12,507,268 69
969,642 31
Net Earnings.
Taxes
$14,033,211 34
990,798 26
$11,537,626 38
.Income from Operation.
$13,012,413 08
5588
5930
.Operating Expenses
Operating Expenses, p.
Earnings
c.
of Gross
51-46
Operating Expenses and Taxes,
of Gross Earnings
p. c.
$5,449 64 Gross Traffic Earns, per mile of Road..
3,045 46 Operating Expenses per mile of Road.
#2,404 18
5,202-31
..
Net Earnings per mile
.Av. Miles of
of Road.
Road nnder Operation..
5489
$\695 74
2,931 01
$2,764 70
5,075-86
October
20,
THE CHRONICLE.
1901. J
907
CONDENSED GKNERAL BALANCE SHEET, JUNE
30TH,
1901.
HKINO A CONSOLIDATION Of TBI Ol.NhltAI. UAI.ANl E BI1KET8 0» II AT DATE OF THE
Rv. Co., Great Noktiii its BT. Co., Kasiekn U\ Co. <>i Minni SOTA, MOMTAVA bntral Kr.
Manitoba
Bt. Paul Minnkatolis A
Willmak A Sioux Falls Bl Co., Duluth Watertown A PAOH 10 BT. Co., Seattle A- Montana UK. OO., Pakk BAFIIM ,v l.i
Lake Rv. Co Minnkatolis Union Kv Co., Minneapolis WSBTSU BY, CO. and Dili hi Tl kmiw.-.l Bt. Oo.
D1{
1
(
.
,
Co
,
I
,
Railway Proper r\.
Capital stock.
Auihoiized Capital Stock or the
Great Northern Ry. Co., Issuable
June 301 h, 1H01
$100,000,000 00
Less Amount held In the Treasury of
I,288.2f0 00
Company as explain*-. on p. u03.
To Cost of Railway, Equipment and
Lauds owned by the si. Paul Minneapolis <te Manitoba By. Co
$116, 197,251 53
Cost of Additions ami Improvements
made br the Great Northern Ky.
Oo. to Property leased f roiu the St,
P. M. &. M. Ry. Co and paid for
trom "Fund for Perinancut improvements and Benewals"..
lly
1
Capital Steele of fireutNorthern Ry.
$98,711.750 00
Oo Issued and Outstanding
Capital Stock of the
7,593,321 06
St. 1'aul
Total Cost to June 30th. 1901. of
Property leased from St. P. M. <fe
M.Ry. Co
$124,090,572 59
the following Properties
controlled by the (ireat Northern
Ry. Co. through ownership of
their entire Share Capital
Eastern Ratiw; y of MinnesotaRail way, Eiiuip'nif't, Elevators.eto. $25,377,884 89
Cost of
Eiiulpuieut
Total Capital Stock Outstanding
in bauds of public
Net Paid bubscrlptions to Addit'nal
Capital Stock
Funded Debt in Hands of Public.
15,344,999 01
.
-Railway,
ESqnlpn tut aud Real Estate
Duluth Watertown
Seattle
.V
& Montana
Pacific
RU.
Ky
9,016,935 61
2,209,598 02
and Equipment
Paul Minneapolis it Manitoba
Vo.'s Bonds, the Principal and
luterestof which are guarai teed
by the Great Northern Ry. Co.... $70,037.454 54
Bonds of Propr tetary Companies.
Principal and Interest guaran26,646,000 00
teed by the Great North'n Ry. Co.
3,154,722 27
743,497
'.'6
Total (for details see table on p.
$68,831,454 78
1
Car Trust Obligations.
1,016,060 19
389,965 83
70,286,480 80
Total Cost of Property operated by
"The Great Norlheru Ry. Line"...
$194,327,053 39
Other Properties Securities
and Investments.
Cost of Stocks and Bouds owned by
the Eastern Ry. Co. of Minnesota
In addition to those of the Park
Rapids & Leeoh Lake Ry. ana the
Duluth Terminal Ry companies...
Oost of Stuck of Sioux C <fc West. Ry.
Co. owned by W. & S. F.Ry. Co...
Wisconsin Central Ry. Co.'s Minneapolis Terminal Bouds, owned by
RR
ations of Sinking Funds.
Mortgage Land Grant Bonds.
Consolidated Mortgage Bonds
8,317,400 CO
Ccrrent Liabilities
Of Land Department, St. Paul Minne-
2.500,000 00
apolis <& Manitoba Ry. Oo.
Audited Vouchers Unpaid
Unpaid Pay Rolls
Due to Other Companies and Indi-
13,347 41
dempilou of B. nds
Of Ureal Northern Ry. Oo. and Proprietary Co 's above named.
Audited Vouchers Unpaid
Ui paid Pay Rolls
Unpaid Coupons, Including those
due July 1, 1901
Unpaid Dividends on Gt. Northern
Ry. Co 's Stook
Unpaid Dividends on St. P. M. & M.
Pacific Ry. Co.
730,000 00
Ry. Co
1.375.C00 00
Bills
Total
$13,355,003 00
195,451 Shares of
Capital Stook of the
8t.P.M &M.Ry Oo. 19,545,400 00
*3,LO0,00O8t P. M.
Ry. Co.'s Paoltio Extens'n Mortgage Bonds...
14,545,454 55
33,837.012 C6
Total Oapilal Assets
it
Cash
Due from
$228,164,066 05
1
'aul
Manitoba Ry. Oo.
Minne-
other Comp's and Indivi'is
Of Great Xorthern Ry.
Oo.
$28,S66 75
t53 65
29,020 40
and Pro-
prietary Oo.'s above named.
Cash in St. Paul Office
Cash in New York Ollloe
Cash in London Office
Due from Agents
Due from U. S. Post Office Departm't
Dae from U. S Transportation. .
'
Due fromCana -Ian P. O. Departm't.
Advanced Charges
Bills Receivable
Due from other Oou p'sand
Indivi'is
Value of Material and Fuel on hand
$493.43150
125,691 66
205,032 67
824.175 83
i;,OOO,00OC9
Payable
provements and Renewals"
Unexpended Balance of Fund for
Permanent Improvements and
Renewals
77,445,854 55
Cost of Properties. Securities and
Investments after deducting Par
Value of Stocks and Bonds not
shown contra
apolis
17 34
Contingent Liabilities.
Cost of Additions aud Improvem'ts
made by the Great Northern Ry.
Oo to Property leased from the
St. P. M & M. Ry. Co. and paid for
from "Fund for Permanent Im-
&M
Current Assets.
Of Land Department, St
1,545,423 91
4,275,196 67
Liabilities.
Acorued Taxes, not due
Bona Interest Aoorued, not due
Rental of St P. M. <te M. Ry. Co.,
Accrued, not due, less Accrued
Dividends on 8t. P. M. <fe M. Ry.
Stock owned by Great Northern
Duluth Watertown
<fc
$1,887,877 94
1,341,847 48
Deferred
250,000 00
Pacific Ry. Co.
the entire Issue
of bonds of the
15,672 99
30 00
Ry. Co.'s Stock
500,000 00
&
3,908 33
viduals
12,500,000 00
And
^8,077 43
1,361 65
SinklDg Fund Applicable to the Re-
Montana
Duluth Watertown
$5,928,400 00
2,369,000 00
$1,649,700 00
ownedby theGreatNorth-
Oo
$204,355,381 24
Total Capital Liabilities
First
ern Ry. Co. and not shown contra:
The eniire capital Stook tf the
Eastern Ry. Co. of
Minnesota
$16,000,000 00
Montana Central
Ry. Co
5,000,00000
Willmar <& Sioux
Falls Ry. Co....
7,000,000 00
Minneapolis Union
Ry. Co
Minneapolis Western Ry. Co
146,668 70
& M. Ry. Co.'s Bonds
Redeemed Through Oper-
Total
$111,282,867 21
Less Par Value of the following Se-
Seattle*,
Car Trust Notes assumed by Eastern Ry. Co. of Minnesota, upon
purchase of Duluth Superior &
Western Ry. Due In February and
August of eaohyear until February 1, 1906
St. P. M.
Minneapolis Union Ry. Co
247,500 00
Cost of Properties and Securities
owned by the at Northern Ry. Co. 103,885,666 21
curities
96,683,454 54
910.)
Cost of the following Properties, lie
Bonds aud Capital Stock of which
are owned by the Eastern Ry. Co.
of Minnesota
Park Ripids & Leech Lake Ry.—
Railway and Equipment
Duluth Terminal Ry
8,358,708 00
lit/.
12,983,817 72
and Equipment
99,166,350 00
St.
Railway
Minneapolis Union Ry.— Union Depot, hallway, eto
Minneapolis Western Ry.— Railway
454,600(0
Outstanding.
Moutana Central Ry.— Railway and
Wn linm-A Sioux Falls Ry.
Minneapo-
lis* Man. Ry Oo. $20,000,000 00
Less owned by the
G reat Northern Ry.
Oo. (see ooutra)... 19,545,400 00
Total
Amount Deducted from
oome
to provide for future
$7,593,321 06
1,005,749 88
In-
Im-
provements and Renewals
for Replacement of Equipm't,
Insurance Fund.
$8,599,070 94
332,972 07
822,436 77
Surplus Funds of Proprleta-y Companies deposited with Gt. Northern Ry. Co
249,947 53
Fund
9,504,427 31
Profit and Loss.
St. Paul Minneapolis &
Manitoba Railway Co
Great Northern Ry. Co and abovenamed Proprietary Companies...
Balance,
$477,315 35
4,955.390 35
286.373 89
749,332 10
197,437 14
32,686 68
148 80
34,957 03
$1,974,039 91
5,026,547 02
7,000,566 98
2,194,107 11
1,205,397 72
10.133,176 17
1,979,925 76
$240,306,188 38
$210,306,188 38
THE CHRONICLE
»08
[Vol. LXXIII.
STATEMENT SHOWING THE REVENUES FOR THE YEAR ENDED JUNE 30TH. 1901, OF THE GREAT NORTHERN
RAILWAY AND ALL PROPRIETARY COMPANIES.
Companies.
Great Northern Railway
Cross
Operating
Expenses.
Ta*cs.
Income from
Miscellaneous
JCamings.
Operations.
Income Rer.eivn
$20,881,051 48
$12,108,956 68
$745,224 19
$8,020,870 01
63
32
97
80
1,571,470 08
1.180,211 41
938,542 39
44.240 50
122.787 37
33.937 45
62,132 82
.'•,560 48
$28,350,689 76
$15,843,421 OC
$969,642 31
62
10
57
75
29
26,060 86
Total.
I
$1,155,591 13
$9,182,46174
63
77
2,431,219 86
1,010,681 23
30
50
489,402 00
6.884 82
$11,537,626 38
$1,583,027 33
$13,120,653 71
78
41
80
27,061 90
9,673 38
12 75
Railways—
3,735,019
2,196,550
1,481,586
£6,481
Eastern Ry. of Minnesota
Montana Central Ry
Willmar &Slou\ Falls Ry
Daluth Watertown & Paolllo Ry
Total Railway System Proper
2,040,762
982.401
4b0,911
8,(H0
390.457
28.279
8,490
208
23
46
76
32
Other Companirs —
Fairs & Northern Ry. 8ysten>
Minneapolis Union Ry
Minneapolis Western Ry
Duluth Terminal Ry
Northern Steamship Co.
Srokane
-
Total for System
*
855,900
227,001
57,214
39,470
1,034,110
26
70
00
75
50
$30,564,386
t)6
547,107
54.308
32,044
25.W70
795.831
$17,298,683 39
282,731
171,756
24,010
13,500
238,279
937 17
1,158 63
I
$997,799 97
$12,267,904
309,793
181,429
24,023
13.500
238.279
00
21
6Ci
$1,619,775 36
68
81
55
00
21
$13,887,67a 96
For year ended December 31et, 1900.
Dividends.— Out of *be net income
of the
Explanatory Note.
Companies named the following dividends have been declared:
Ea«t-rn Railway Company of Minnesota
Montana Central Railway Company
Willmar & Sioux Falls Railway Company
Spokane Falls & Northern Railway nystem:
$1,920,000 00
500.000 00
350,000 00
Columbia & Red Mountain Railway Co
Red Mountain Railway Co
18,508
38,120
25,000
240,000
Minneapolis Union Railway Company
Northern Steamship Company
00
00
00
00
$^,091,628 03
Total
which amount Is not included in the " Miscellaneous Income" of the Great Northern Railway as given by tbe above table, but Is added
to the "Miscellaneous Inoome" in the Inoome Account below.
Duldth Terminal Ry. Co.— Tbisoompany is theowne»of the railway used by the Eastern Railway of Minnesota, to secure entranoe into
Duluth, and or extensive yards in Dulutb. Its stock and bonds are all owned by the Eastern Railway. Under the franchise of the
Duluth Terminal Railway its earnings derived from traokage are limited to six per cent on its stock and bonds; the interest and
dividend paid, amounting to $13,500, are not included in the " Miscellaneous Inoome" of the Eastern Railway as above shown.
REVENUE ACCOUNT GREAT NDRTHERN RAILWAY
earning8 from oprratfojc of 8t. p. m. & m. ry '« leased
DETAILS OF OTHER INCOME.
CO.
lines
and Line of Seattle & Montana Railroad Company.
Year Ended June 30th, 1901.
Earnings $15.36 , ,999
3.9i3,^?6
694,658
261,088
613,378
Freight
Passenger
Mail
Express
Miscellaneous
28
90
50
69
11
Butte Anaconda
$20,881,05148
Gross Earnings
Operating Expenses—
Conducting Transportation
$5,820,792 72
Maintenance of Equipment
1,8< 0,215 26
Maintenance of R jad and Structures. 3,457,416 18
General Expenses
1,030,532 52
Total Operating Expenses
Income from Operation
From which have been paid:
To8t. P. M. &M.Ry. Co.:
Guaranteed Interest on St. P. M. &
M. Ry. Co. 's Bonds, Paid and Ac$3,456,805 68
M
St. P.
Northern 8teani-hip Co. Stock
Great Northern Ry. Co. Stock
St. Paul Union Depot Co, Stock
Montana Central Ry. C
Minneapolis Union Ry
.
Stock
Co. Stock
Class—
80th. 1901, as Compared with Year
June 30th, 1900.
1901.
Locomotives
$1,859,912 89
Ended
1900.
563
550
50
50
5
12
12
Passenger Equipment —
From which deduot amount reoelved by
SleepingOars
ParlorCars
Dining Cars
8mokers
Coaches
3,f 87,656
».
Bjlance transferred to Inoome
Account
39
Passenger and Baggage
Baggage, Mail and Express
BusinessCars
5
8
8
163
24
35
110
18
164
24
37
110
17
425
427
14,5»2
14,291
750
50
750
60
1,152
1,152
6
Bt>ff«t
1,172,256 50
Tourist Cars
Net charges
$240,000 00
2,850 75
2.625 00
J00,0J0 00
25,000 00
1,920,000 00
350,000 00
38,120 00
18,508 cO
29,400 00
$3,126,503 75
For Year Ended June
6.798 12
196,309 09
Great Northern Ry. Co. as dividends
paid and accrued on Stock of St. P. M.
& M. Ry. Co., obtained by it in exchange for Stock of Great Northern
Ry. Co
$395,548 37
EQUIPMENT OF GREAT NORTHERN RAILWAY AND
PROPRIETARY LINES.
1,200,00000
Total Rentals
17,460 00
13,020 00
Total
(For Details see page c,eg.|
Guaranteed Dividends of 6 p«r eent
on Capital Stock of Sc. P.
& M.
Maintenance of organization of
M. & M. Ry. Co
Other Rentals
00
00
00
00
00
00
80,000
1.0-0 00
235 »7
50,000 00
154,800 00
77,992 60
Owned—
Eastern Ry Co. of Minnesota 8rook
Willmar & Sioux Falls Ry. Co. Stock....
Bed Mountain Ay. Co. Stock
Columbia* Red Mountain Ry. Co Stock.
Butte Anaconda & Pacific Ry. Co. Stock.
Rentals—
Ry. Co
Co. Bonds.
$300
120
120
3b0
120
Total
$8,026,870 61
crued
& Pacific Ry.
Spokane Falls ANorthern Rv Co Bonds.
Nelson & Ft. Sheppaid Rv. Co. Bonds...
Columbia & Red Mountain Railway
Company Bonds
Red Mountain Ry. Co. Bonds
Dividends on Stocks
$12,108,956 68
745,224 19 12,854,180 87
Taxes
Interest of Bonds Owned—
Town of Wadena Bonds
Town of Sandness Bonds
Town of Le*f River Bonds
Town of Hutchinson Bonds
Town of Minnesota Falls Bends
Montana Central Ry. Co. Bonds
Willmar & Sioux Falls Ry. Co. Bonds
Minnesota Transfer Ry. Co. Bonds
$4,339,214 22
Total Passenger Equipment
Freight Equipment-
INCOME ACCOUNT GREAT NORTHERN RAILWAY COMPANY.
Year Ended June
30th, 1901.
Balanoe transferred from Revenue Aooount
$1,339,214 22
Other Income—
Bonds Owned
$395,548 37
Dividends on Stocks Owned
3,126,503 75
Rental of Lines L«ased
172,752 38
Bills Receivable (Land Notes)
2,014 57
Rental of Equipment and Car 8ervioe..
100,741 01
Profit on Securities sold during year ..
337,554 33
Inoome from Other Sources ground
rents, miscellaneous items, etc
112,104 72
Interest on
SandCars
Ore Cars (Wood)
Ore Cars (Steel)
$3,586,132 35
From which have been paid Dividends
Aug. 1,1900,1%% on $98,413,500
Nov.
1,
Feb.
1,
May
1,
1900,
1901,
1901,
1^%
lV/
1^%
on 98,417,250
<>n
on
98.621,750
98,682,875
BoardingCars
Derriok and Tool Cars
Steam Shovels
Lldgerwood Unloaders
Rotary Snow Plows
S'>ow Dozers
Flangers
Logging Trucks
6.897,369 07
Balanoe
$1,689,064 28
Other
Work Equipment
Total Freight and
209
627
3,312
2,949
O
500
700
250
761
302
53
600
764
340
Pile Drivers
$1,722,236 25
1,722,301 88
1,725,830 63
1,7-26.950 31
627
1,101
Ditching Cars
as follows:
6
209
6<
BallastCars
Caboose Cars.
ClnderCars
4,217,219 13
Total Income
Box Cars
Combination Box and Stock Cars
Tranfrr Freight Cars
Furniture Cars
Hay Cars
Kefrigerator Cars
gtookOars
Flat and Coal Cars
Work Equipment
53
61
47
19
12
1
10
6
15
51
45
20
10
1
10
6
14
1
1
100
85
100
73
24,493
22,934
October
THE CHRONICLE.
20, 1901.]
OK freight and passenger TRAFFIC oh
SYSTEM FOR THE YEAR KNDEU JUNK 30, 1901,
COMPARED WITH THE PREVIOUS YEAR.
statistics
i
SOT including
Spokane Falls
<t
Xortheni Railway System
Thai
I-
in
i
909
mi. Great
Hi'
i)
Mam
Nou in
UN Rv. Oo.;
kttleA
Track
Montana RK Co.. H.-tiK W.i-h
MUrt.
Mites.
tOp-outhWesimlni.tor.it O
to Flathead Lake, at Kallapell
28*15
143 10
Spur
)
Total
Miles.
,
171-25
10-32
Main Line Operated by Great Northern
l>>
UKASE.
Ky.Co
4,054 89
1000.
1H01.
UKWItll'l l"\.
I
P.Omt
Amount.
Mu i»
Side
I'KolMlIETAKY CoMI'ANIKs: I, at
iiti-87
Eastern By. of Minn
Leas leaied to Great
1562
rlbeni Ry. Co
457*81
131-25
397*54
Track,
I.
KKK1UHT TRAFFIC.
Mileage
Mileage
locom
.'f
m
ployed
6.6U8.7.-W
7,020.617
and mixed
traiii
"
i
Seoond Track
Line llat'olay Junction
Duluth Terminal Ry
7-0105
25 49
6*i2
to Virginia
Mileage ol loaded FreigHt can
Mileage of empty freight cars.
Total oar mileage.
Ton* of freight carried, re venue
Company
Total.
1*82
52-42
260 51
Willmar <fc Sioux Falls Ry
... 47 86
Leased Tracks between Sioux City, h.,
and South Sioux City, Neb
408
Duluth Watenown A Paotflo By
4*73
Minneapolis Union Ry
2*63
Second Track
5 04
Minneapolis Western Ry
433*41
2.481.751,195 2,504,792.682
tBl.9BB.401 43 422.860,725 26
All curs hauled per freight train
mile
Tons revenue freight hauled
1-er train
Total revenue freight hauled
28,041,087
1-69
1,189*54
Total Seoond Main Track Proprietary
2812
Lines
Total Side Traoks Proprietary Llnes..255*13
98831,233 S3
Incrius,
per loaded car
Earnings per freight train mile
1,189*54
2946
Ill
S-7678
381-294
356-780
21-511
6-8709
I00fl0
16-030
•030
90 12
Decrease.
Cents. 028
0-1871
IV-ifs.
-
871
J3 26
"899
Cento.
PASSENGER TRAFFIC.
Increase.
Mileage of passenger trains
Mileage of locomotives employed in "helping" passenger trains
Percenta.e of "helping" to
revenue train mileage
1,010,799
4,284,900
1-2337
usengera
2,7I?.8.-,1
214,392.85 4
$6,3i5,873 69
.
274,101
25,417
52,862
•6337
•2,407,311
195,585,382
$6,021.438 73'
36810
Dec
31141
Inc.
6-8341
$1-2245
91-2192
Eanii ngs per passenger per mile
Cent*. 2-290
Cents. 2-378
Total Miles of Road in System as
operated June 30, 1901
Total Miles of Track, all kinds, in System, as operated
Add— Mileage of Spokane
310,640 128999
18,^07,477 9*0160
9301,434 96 50559
$-0053
Decrease.
Cents. 0088
0-4347
Dec.
3-7006
TOTAL TRAINS.
Mileage of freight and passen10,793,658
237,688
2-1547
9557.798 87
1-9313
Inc.
0-3817
8 B880
11,031,346
Earnings from freight and pas128.324,365 12 928,882,163
senger trains
99|
Increase.
Earnings per train per mile...
Expenses per train per mile
Net traffic earnings per train
*2 63
92 62
$147
9135
91 1«
I127J
•01
•12
Decrease.
per mile
1!
Dec.
8-0614
Total Miles of Road in System, including
lines operated separately
made
203 03
224 54
3*82
5-91
5,451*28
Total Miles of Track, all kinds, in System,
Including lines operated separately
Total Main Traoks
First
St.
P.
Main Track Seattle
M & M.
6,541-45
Ry
& Montana
3,855*92
RR.
146*92
(Owned)
Main Line Traok Proprietary Com-
panies (including S F. &N Ry System).
Seoond Main Track Proprietary Cos
1,49806
2812
Total Main Tracks cov'd by Oap'zation
Note—Total
5,529-02
Mileage of Road in System
June 30, 1901, as shown
as operated
5,244-43
above
Train, Locomotive and Car Mileage figures given above have
been compiled and all computations based upon them
the rules of the Inter-State Commerce Commission.
6.311*00
A North-
21*51
ern Ry. System
Mileage owned by Seattle A Montana
RR Co., but leased to Seattle &
2 09
Northern Ry. Co
First
gertrains
Falls
5,244*43
27.445 107-9789
100127
Averages.
Eain'gs per passeng'r train mile
283*25
Inc.
.
30-57
$3 38
Earnings per ton per mile
Note— The
263
Drcrrn.s,
;
Averages.
carried
Passengers carried one mile
Earnings of passenger trains.
3*32
69*84
Main Track Proprietary
Total First
Lines
I
18-78
863
Montana Central Ry
Tons of revenue freight carried
one mile
Earnings from freight traffic.
397 54
Jd61
to
46787
131*25
,
162
304.331
"helping
mileage
59 77
611,789
In,
ulna
ti
6810
.
em-
itlves
"helolng" freight
Peroentane of
Revenue
B88
087,92
mixed
Total..
Mil 'SKI
fSi.otii
6,617,697
freight trains
trains
<•!
ei
in
accordance with
M
leat-eof Road In System June 30,
Total
1900, as per report for that year
5,202-17
42-26
Increase in Mileage
•separate statistics are prepared f.>r each of the railways forming the system.
The "Tons of Freight Carried and " Passengers Carried," as shown In previous
r eports, have been arrived at by adding together those figures for each of the
oads in the system, thus causing a duplication when a shipment or passenger
traveled over two or more of the roads. To avoid this duplication, system
tatlstics have been prepared this year, and last year's figures revised, the corrected figures being given above.
''
This increase
is
made up
as follows:
Eastern Rr. of Minnesota:
Stony Brook Line (constructed)
46*49
Barclay lunotlon to Virginia (operated). 18*78
*04
Duluth Term. Ry., extension In Duluth...
65-31
Less Decrease— Track at Braoe Junc-
TRACK
8TATEMENT GRE4.T NORTHERN
PROPRIETARY LINE8.
Links Leased from
St. P.
BI.AM.Ry.
Co.:
RAILWAY
AND
^uiuF"'
Miles.
M. & M. Ry.:
12*66
Switchback over Cascade Mts. removed
Track bet. Hopkins and St. Bonlfaoius,
Minn., removed (aooount extension
19*66
8pring Park line)
Portion of line between Halsted, Minn.,
-55
and Alton, N. D., taken up
Changes In line at Willmar and on the
1*95
Montana and Kallspell Divisions
"06
Sundry corrections
53013
7794
70172
56194
Dakota
Division
(not including line
leased from Eastern Ry. Co. of Minn.)..
Montana Division
K dispell Division
Casoade Division (not Including line of
Seattle & Montana RR. Co.)
461*18
34*88
69206
Less Increases in Mileage
338-97
Change of
30149
Total First Main Track
3,802-98
3,802-98
Mile*.
.'
Fourth, Fifth and Sixth Traoks
Decreases:
. .
Breokenrilge Division
Northern Division
,
65*18
St. P.
84-55
Willmar Division
.
•13
removed
Net Increase
Terminals Division
Fergus Falls Division (not inoludtng line
leased from Park Rapids & Leech Lake
RailwayCo.)
Seoond Track
Third Track
tion
30-61
g 28
lire bet.
for:
Teton and Tunis
New line through Spokane, constructed
New line through Cascade Tunnel and
approaches
New line through Everett, constructed.
Extension of Spring Park line to
Bonlfaoius, constructed
3*61
4*74
3*52
3 63
St.
......
7*95
11-43
Net Decrease
1305
23*45
52-94
Montana Central
Total Main Traoks covered by lease
Side Traoks
3,855-92
669-33
Boulder Hill
Total Traoks Covered by the Bonded
Debt of the St. P. M. & M. Ry. Co., as
ern Ry.
Eastern
Co.:
4,525-25
Side
Track,
Ry. of Minnesota, Fosston to Miles.
15-62
CassLake
Park Rapids & Leech Lake Ry., Park
Rapids to Cass Lake
119
*25
1*44
shown on next page
Other Trvcks Leased by Great North-
Ry.:
Fair Grounds and Red Mt. branches at
Helena, removed
Dls-anoe shortened by change of line,
6-96
5977
7539
49 04
56-00
Great Northern
By.:
Trackage rights over other roads in Spokane
andbet Lowelland Everett, Wash. .surrendered
1005
Total Deduction.
22*92
Net Increase
42 2 6
In Mileage.
THE CHRONICLE.
910
STATEMENT OF BONDS AND 8IOCK OUTSTANDING IN Till-;
HANDS OF THE PUBLIC FOR WHICH THE GREAT
NORTH EKN RAILWAY COMPANY 18
RESPONSIBLE DIRECTLY OR
UNDER GUARANTY.
ST.
[Vol. LXXIII.
PAUL MINNEAPOLIS A MANITOBA RAILWAY COMPANY'S
SINKING FUND ACCOUNT CONSOLIDATED
MORTGAGE BONDS.
June 30th. 1901. Ii,/ credits during the year:
Pmtn Land Department, as per Land Commissioner's
Report below
Outstanding
July 1, 1900.
Bonds.
.iul<i l.
8T.P.M.
A n't
Oiili-landhifi
Paid 1900-01.
190..
$852,112 63
Revenue Todd County Lands
Charge
3,45146
Total Credits
$855,564 09
D kbits:
AM. Rv.—
To
8,000,000 00 2d Mtg., <» I'- c
5,676,000 00; Dakota Exten., 6 p.O,
13,344,000 00 Con. Mtg., ' i». o
21,1 9,00000 Con. Mtg., 4>« p. c
7,907,000
MoDtana Ex., 4 p. o..
l.r> 15,464 5)
Pucillc Ex., 4 p. c.
<
1
$47%900 00
$7,8(50,000 00
If
Bonds purchased by Trustee
340,050
800,640
910,117
316,280
581,818
5,628,000 00
13,:i44,000 00
20.796,000 00
7,907,000 00
"14,545,454 54
00
00
?0
00
and canceled
$718,000 00
Coding
Re-payment of amount advanced
Fund during year ended June
$833,210 25
tp Sinking
30th, 1900,
as per page 45 latt report
6,674 85
18
Total Debits.
Total
shown on
00-
p.
June 30th, 1901. Balance, being funds applicable to further redemption of bonds
East. Rv. oi Minn.—
1,700,000 00
5,000,000 00
$235,000 00
U 00,000 00
6,000,000 00
4,u00,000 00
360,000 00
200,000 00
3,616,000 00
182,300 00
2,150,000 00
650,000 00
129,000 00
32,500 00
500,000 00
25,000 00
Mtg, po
No. Div.,lstMtg,4pc
1,700,000
1st Div. ,1st
5,000,000
r>
Montana
Ci:nt.
lBt Mtg., <5 i» c
1st Mtg., 5 p.o
6,000,000
3,300,000
Minnkap. Union Rv.—
let Mtg., 6 p. o
lstMtg.,5 p.o
Minnkap. West. Rv.—
500,000 00 1st Mtg., 5
p. c
$96,577,454 54 !.... Total Bonds.
St. P.
$469,200 00 o
p.
$96,683,454 54 $4,820,605 68
i
$4.">
t
4,600 00
Net
$27,743 50
\
$97,138,054 54 $4,848,349 18
$97,046,654 54 ....Total.
Northern Ry.
outstanding
Gt.
REPORT OF LA.ND COMMISSIONER,
ST.
PAUL MINNEAPOLIS & MANITOBA RAILWAY
To Mr. Samuel Hll, President
Manitoba Railway Co.
St.
Co.,
. .
$98,711,750 OOj $6,897,369 07
CO.
Paul Minneapolis
&
Dear Fir - 1 respectfully submit the following report of
operation of the Land Department for the year ended June
30, 1901.
Acrrs.
Stock.
M. & M. Rv.—
c. guaranteed
unexchanged
$98,413,500 00
$15,672 99
ry.—
W11.1..&S. FallsRv.—
3,646,000 00 1st Mtg., 5 p. c
2,150,000
650,000
839,^91 10
$3,4=6,805(58
Total Acreage of L*nd Grant computed at
ten sections for each mile of ronrt. as formerly construed by the State of Minnesota
Acres.
3,048,000 00
Total Acreage of Land Grant, as construed
by United States General Land Office...
Total Acreage deeded to Company prior to
June
30, 1901
3,479,61136
3,220,760-30
Less decre-d to Northern Pacific
RR
Bonds outstanding, as above
$96,683,454 54
Outstanding Capital Stock of Great Northern and
P., M. &M. Ry. Companies
St.
Total Capitalization of System
99,166,350 00
$195,849,804 54
Mileage of Track in System, including seoond, third,
fourth, fifth and sixth traoks, covered by above capitalization, as shown on previous page
Stocks and Bonds per mile of Main Track
Mileage of Main Tracks covered by bonds in hands of
ptibJio
of
5,529-02
Net acreage deeded
41 a ,10702
.2,802,653-28
Remaining unsold June 30, 1J01
2, r 41,006
20
938,605-16
$35,422 15
Main Track
covered thereby
RR
Total Acreage sold prior to June 30, 1901.-2,843,081 18
Land sales canceled.
302 074 93
4,740-40
Bonded Debt Outstanding per mile
Co. by Supreme Court
United States. March 2, 1891..365.86092
Decreed to Northern Pacific
Co. in accordance with terms
of settlement of Nov. 1, 1897.. 48.91603
Re-deeded to United States... 3,330-02
$20,395 63
*Notinoluding£3,000,0C0 St P. M. &M. Ry.Co.'s Pacific Extension
in Treasury of Great Northern Railway Company.
Bonds
t Difference between amount of rental accrued under lease and dividends received or acorued on St. P. M. & M. Ry. Stock owned by
Great Northern Railway Company.
Of the bonds above listed, there are he'd as free assets in the Great
Northern Ry Co.'s treasury
$1,300,000 Montana Central Ry. Co.'s First Mortgage Bonds at d
21,000 Willmar & Sioux Falls Ry. Co.'s First Mortgage Bonds.
Owing to sales and other disposals of land within the
limits of the Grant by toe United States prior to the time
at which this Company's right attached, a final adjustment
of the Grant by the Government, which is approaching completion, will reduce the above area by about 600,000 acres.
During the year ended June 30. 1901, 221.532-52 acres of
land were sold for $1,978,214 ST. an average of §8 93 per acre.
There were also sold 341 town lots for 810,013 50, an average
price per lot of $29 36.
The number of land sales during the year wa9 2.140, with
an average of about 103-52 acres to each purchase.
:
CASH RECEIPTS OF LAND DEPARTMENT FOR YEAR ENDED
JUNE 30, 1901.
and Instalments of Principal on New Land
Contracts
Amount of Principal received on Old Contracts
Amount received for Trespass, Stumpage, Grass Sales,
Ca=>k Sales
LAND COMMISSIONERS REPORT.
Mr. James
ere
J. Hill, President:
—
Dear Sir I respectfully submit the following report regarding the Minneapolis & St. Cloud Land Grant for the
fiscal year ending June 30th, 1901:
Amount of Minneapolis & St. Cloud RR. Land Grant Acres.
Earned between
Earned between
St.
St.
Cloud and Hinckley
Cloud and Roscoe
425 664-CO
51,^0000
T»tal
476.F6100
A eves.
Total Acreage selected to date
Total Acreage deeded to Company
Remaining unsold June SOth, 1901
355,380-16
Operations Dcrikg tub Year.
for
Average prloe peraore
Receipts of Land Department
Disbursements of Land Department
Amount of Deferred Payments due Company
bearing Interest at six and seven per cent
6,844 15
180,077 1 6
Le? s Expense of Land Department and Trustee
$955,518 59
103,405 96
$352,112 63
Net Receipts.
Amount of Deferred Payments due this Company on
Land Contraots bearing interest at 7 and 6 per cent... $3,178,435 57
Amount of Deferred Payments due this Company on
16,265 c6
Town Lots bearing interest at 7 and 6 percent.
$3,194,701 13
'Includes adjustments aooount previous years.
Sales, acres
516,21073
16,526 50
Contracts
169,501-38
154,672-82
Total Aoreagesold prior to June 30th, 1901,
less sales canceled
*12i 48 c -84
Valueof same
*$794,873 88
Average price per acre
*6 54
Amount sold
Amount received for Interest on Old and New Contracts
Amount received ior Prinolpal and Interest on Town Lot
$235,859 60
36,021-75
$366,207 24
10 17
.". 116,551 19
23 721 51
which are
487,372 69
Charles H. Babcock,
Asst. Land Commissioner.
Referring to that portion of report for the year ending
30. 1893, relating to lands lying within the limits of the
grant on the Dakota side of the Red River, the Company has
re-conveyed to the United States a total of 63,477-92 acres,
for which the Company is authorized to locate an equivalent
amount elsewhere. The Company has selected, to June 30,
1901, 47.32595 acres in lieu of a part of the above amount.
The following are the sales during the year covered by the
Dakota Grant, viz.
June
1,365-91 acres for $13,461 64, an average per acre of $9 85
500 00
1 lot for S5500 CO, an average per lot of
$26,850 44
Receipts during the year
Taxes paid. Expenses of Examination and Selection
of Land and other Disbursements made during the
1,496 16
year in connection with Grant
The remaining lands are
Government.
in process of
adjustment with the
Charles H. Babcock.
AstSt Land Commissioner.
October
86,
THE CHRONICLE.
1901.
ST. LOUIS
I
I
& SAN FRANCISCO RAILROAD COMPANY.
ITU ANNUM; KEPORT— FOlt
Till.
The following report of lie operations of tin' St. Louis &
San Franoisoo Railroad Company for the fiscal year ended
June 30, 11)01, is respectfully submitted
t
:
MILKAd OPERATED.
Mt.
Louis,
Mo
...to
"
Sapulpa, l. T
Monett. Mo
Peirce Cltv.Mo
..."
"
"
Beaumont, Kan
Olrard,
Kan
207 jh
303 07
323'UO
180 49
79*78
49 68
9 32
Kansas
" Galena, Kan
Joplln, Mo
Oronogo.Mo
Springfield,
M.Irs.
643-oi)
T
City. Mo
" Blaohwell. O. T
Mo
Springfield.
Oklahoma City, O.
Sherman, Tex
l'urls, Tex
Ellsworth. Kan
«•
Mo
•'
Mo
CbadwioW,
Cuba Junction, Mo. " Salem, Mo and Branches
" (irove, I. T...
Rogers, Ark
" Pettljfrew, Ark
Fayettevllle, Ark
••
Jeneon.Ark
Mansfield, Ark
•'
Pittsburg. Kan
Weir City, Kan., and Mines
.
,
Springfield Connecting Railway
Granby, Mo
to Granby
911
255-92
The increase of mileage during the fiscal year just ended
consisted of
:
Miles.
St.
:
OCl ~. OK
*°
""
i
Total
958 78 in transportation and traffic, an Increase of I8pei
cent, and $55,570 51 in general expenses, an Inores
There was a decrease in the percentage of Op
pel- cent.
ating expenses to earnings of i '88 per cent, which
obtained by improved efficiency in handling traffic
The following are the percentages of the different expei
accounts to earnings, and comparison with previous y<
1901.
1,91497
1.65005
Louis Oklahoma & Southern Railway, Sapulpa,
f
I. T., to the Red River
!Red River)
Louis
San
St
Franctsoo & Texas Railway, Red
Division.
River to Sherman, Tex
j
(
Arkansas &. Oklahoma Railroad, Rogers, Ark., to Grove, I. T..
Oklahoma City Teaminal Railway
Maintenance of road and structures
Maintenance of equipment
Transportation and trallio
General expenses
1900.
Fer
Oertt.
3215
10-90
9 99
34 81
2 90
3-08
57-45
58*78
12 94
9-40
Totals
The net earnings increased $1,037,970 55, or 31 per cent.
The total expenditure for the year per mile of road on
account of maintenance of way and structures was $781 00
and the total expenditure for the year per mile of road on
account of maintenance of equipment was $567 43.
The total expenditure for the year for repairs and renewals per locomotive was $1,486 63; per freight car, $67, and
per passenger car, $751 71.
4716
150
FINANCIAL.
CHANGK9 IN BONDED DEBT.
255-92
Of the total 1,914*97 miles operated on
1,901*74 miles are owned by the Company,
In
which
J'er Cent.
318
loO
Increase
operating expenses for the year was $1,1447,641 83 was in maintenance of road and
structures, -in increase of 51 per c-i.t $1 ifl 10 09 In main
tenanoe of equipment, an Increase of 90 percent; $489,increase
152,480, of
52 69
10-48
Total main traok mileage operated at June 30, 1901
Total main traok mileage operated at June 30, 1900
The
Jl
3486
471B
4132
1834
Mines
FISCAL YK\K ENDED
June 30, 1901,
and 13*23 miles
The net increase in the bonded debt of the Company during the year was $1,468,900, and is made up as follows:
The Red River Division was completed in April 1901, and
from that time to June 30, 1901. was operated for construc-
$1,100,000 in Northwestern Division Bonds, issued for the purchase
of the Kansas Midland Railway. Wlchtt* to Ellsworth,
106*4 miles (see pages 8 and 9 of the fourth annual report).
$300,000 in consolidated mortgage i per cent bonds Issued for expenditures on aooount of Improvements, additional equipment and branch lines purchased; bonds not sold, but retained in the treasury of the Company.
$65,000 in Kansas City Division Bonds issued for improvements
leased or otherwise operated.
tion account, so that the results of the operation of this extension are not shown in the income account of this Company for the fiscal year just ended. During the time of its
operation for construction account the Company earned its
operating expenses and fixed charges.
The results of the operation of the Arkansas & Oklahoma
Itailroad are included in the Income Account of this Company from the date of purchase, November 20. 1900, and
those of the Oklahoma City Terminal Railway Company
from the date of its completion, November 1, 1900.
INCOME ACCOUNT.
The following is a condensed statement of the Income
Account for the year ended June 30th, 1901. and a comparison with that of the preceding year:
1901.
1,086 62
Average mileage
Gross earnings from oper-
1900.
1,400*7
Increase.
285*83
,
$!0,l *3,e97 25 $7,983,246 06 $2,190,451 19
5,845,007 41 4,692,526 77 1,152,480 64
ation
Operating expenses
$1,328,689
8-4
$3,290,719 29 $1,037,970 55
AddOther Income
111,170 13
118,002 48
*6,832 35
Total Net Income
$4,439,8*9 97 $3,408,721 77 $1,031,138 20
Operating Expenses....
*1*33%
57*45%
58*78%
T jPftft—
Interest on Funded Debt $2,281,803 32 $2,176,335 00
Taxes and Rentals
318,200 62
250,062 28
Deficit Operation, Kansas Midland Ry
8,065 72
Expenditures
$105,468 32
98,138 34
8,065 72
for Im-
provements, construc-
and additional
equipment during the
year* ended June 30th,
1901, and June 30th,
1900, being amount In
excess of bonds issuable for Improvements
tion
Board of Directors..
160.556 76
77,898 16
102,658 60
Total Interest end all
- other charges
$2,810,560 70 $2,512,361 16
Surplus apnlicableto Divi-
$298,199 54
dend*
$1,629,29927
Outof which were decl»red
dividends of 4% on First
Preferred Stock, and on
t-'eoond
In
2k%
1901 and
Remaining Surplus
*
$896,360 61
$732,938 66
2%
In
600,00000
520,00000
80,000 00
$1,029,29927
$376,36061
$652,938 60
Decrease.
The increase
Gross Earnings was $3,190,451 19. $1,732,723, or 79 per cent, of this increase was in freight earnings:
$307,756, or 14 per cent, in passenger earnings, and $159,972,
or 7 per cent, in mail, express and miscellaneous receipts.
"The prosperous conditions existing along the lines of this
Company, coupled with the increase in the average mileage
operated, account for the large increase in gross earnings.
in
The total amount of underlying 6 per cent bonds redeemed
and canceled during the year, and exchanged for consolidated mortgage 4 per cent bonds, was $18,000; §600 consolidated mortgage 4 per cent bond scrip was also bought and
canceled, making the total bonds and scrip canceled $18,There were also redeemed through the operation of the
various sinking funds $4,liOO trust mortgage 6 per cent
bonds of 18^0, $5,000 Missouri & Western brst mortgage 6
per cent bonds and §3,000 Fort Smith & Van Buren Bridge
brst mortgage 6 per cent bonds. These will be exchanged for
consolidated mortgage 4 per cent bonds, to be in turn deposited under the refunding mortgage bonds.
At the clos^ of the fiscal year this Company held in its
treasury $1,448,000 consolidated mortgage 4 per cent bonds
received during the preceding five years for capital expenditures and on account of the payment and cancellation of
underlying bonds. No consolidated mortgage bonds have
been sold for any purpose whatsoever since the organization
of the Company on July 1st, 18 .)ij.
Had the cost since July 1st, 1896, to the present time, of
all the underlying bonds retired, of the new improvements
and additional equipment, and of the new mileage purchased and constructed (other than that acquired by tinissue of divisional bonds and charged to capital account),
been charged to income account, this company could still
have been able to pay all its fixed charges and the dividends
which were declared during that period, and would have
had a balance at June 30th, 1901. to the credit of profit and
account of $639,581 43.
of such expenditures for new improvements,
additional equipment, for new mileage, and for the retirement of underlying bonds was $1,251,087 44. This amount
includes the cost of 6653 miles of new main-track mileage.
loss
The amount
Preferred S'oek
1900
^
(
or of other provision
therefor and in consequence charged to Income Account, by order
of
—-^__ ———
$18,000
600.
Net earnings from operation
on the Kansas City Division.
$22,500 in consolidated mortgage 4 per oent bonds, issued In accordance with the provisions of the consolidated mortgage (also retained, in the treasury of this Company)
against the following underlying bona s, which were redeemed and oanceled during the year:
$4,000 Trust mortgage of 1880. 6 per cent bonds;
$1,000 Seoond mortgnge (now 1st) 6 percent B bonds;
$13,0C0 Ft. Smith & Van Baren Bridge 1st mortgage
6 per oent bonds.
AMERICAN LOAN & TRUST COMPANY EQUIPMENT NOTES.
Under the agreement dated March Slst, 1899, with the
American Loan & Tiust Company, this company reserved
the right to pay off, under certain conditions, the entire
unpaid amount of such equipment notes. In June, 1901,
the entire amount was accordingly paid off. namely. $105.
393 75. and the 200 box cars and 100 furniture cars purchased by means of said notes accordingly became the
property of this company.
THE CHRONICLE.
912
KKKUNDING MORTGAGE BONOS.
The company has authorized the issue of $95,000,0^0
fifty
year refunding mortgage gold bonds, bearing interest at a
'f these
bonds,
rate not exceeding 4 per cent per annum.
$62,500,000 bonds arc reserved to retire underlying bonds
and for refunding purposes, any surplus not so needed to be
available for betterments, additional lines extensions, etc.
The remaining §22,500,000 bonds wire reserved: §'5,000,000
for improvements, betterments, new equipment, etc., to
be issued at the cumulative rate of $1,000,0
per year, and
the remaining $16,500,000 for additional lines, extensions,
etc., at actual cost, to be issued $4,600,000 bonus at not exceeding §32.000 per mile (including underlying liens), and
§12,000,000 bonds at not exceeding §22,500 per mile (including underlying liens). Of the amount of bonds reserved to
retire underlying bonds and for refunding purposes, $41,255,000 bonds had been issued up to August 1st, 1901, to reThe refunding morttire $35,115,400 of underlying bonds.
gage is dated June 20th, 1901, the interest payable in January and July of each year. As none of the bonds were
issued prior to June 30th, 901, they do not appear in the
accounts and financial exhibits «f this company for the fiscal year just ended.
(
1
CAPITAL STOCK.
l.
LXX1II.
The Kansas Citv Fort Scott & Mi.miiiih Railway OOHPAMT.
The principal lines of the Kansas City Fort Scott & Memphis Railroad Company have been conveyed to The Kansas
City Fort Scott & Memphis Railway ompanv, arid $18,510,<
000 4 per cent noil cumulative preferred stock of the latter
company, part of a total authorized amount of §15,000.000,
and $15,000,000 common slock, part of an authorised amount
Of $85,000,000, have been issued in part consideration of
this purchase. The purchasing company has also authorized
a refunding mortgage to secure i'8 refunding mortgage
fifty-year gold bonds, limited to the aggregate principal
amount of §00.000,000 at any time outstanding, of which
bonds- §11,650,000 bonds, bearing interest at 4 per cent,
will be presently issued.
The system so acquired will be
leased to this company, at an annual rental of an amount
equal to the fixed charges of the lessor company and a dividend of 4 per cent on the preferred stock issue of the
lepsor
The preferred stock of the lessor will be deposited
with The Mercantile Trust Company against proper trust
certificates entitling the holder to the payment by this
company of quarterly dividends at the rate of 4 per cent per
annum from and after Oc'ober 1, 1901, and redeemable and
payable by this company, at pir, withm twenty year<.
This company will also guarantee, by endorsement, the
principal and interest of the new refunding bonds.
As
part of the arrangement for the lease, the refunding bonds
and new stock trust certificates were offered for subscription to the holders of trust certificates for the stock of this
On June 15th, 1901, the authorized capital stock of this
company was increased to §i 00,000,000. Of the increase
$15,000,000 was in second preferred stock and §35,000,000 in company.
common stcck. None of the additional stock so authorized
These leased lines have been taken over by this company
has been issued. During. the year the company's treasury and are now operated as part of its system, the aggregate
common stock trust certificates were decreased
§961,800, issued for the acquisition of the Kansas Midland Railway Company, referred to on page 8 and 9 of the
holdings of
by
Fourth Annual Report.
The voting trust agreement, under which the stock of
this company has been held since its organization, expired
June 30th, 1901, by limitation,
As showing the progress made by the company during
the five years of the voting trust, certain statistical tables
have been added to
this report.
NEW MILEAGE.
Arkansas & Oklahoma Railroad.
This road, extending from Rogers, Ark., to Grove, I. T.,
a distance of forty-seven miles, was purchased on Novem
ber 20th, 19C0, for §350,274 67, and has been conveyed to this
company. It is expected to prove a valuable feeder to the
main
line.
Oklahoma City Terminal Railway.
mileage, including the mileage of operated, controlled and
companies, amounting to 1.117*50 miles. The
leased system has also been connected with the main Texas
line of his company by the construction of some thirteen
miles of road between Miami and Afton, in the Cherokee
Nation. The distance from Kansas City, and through that
gateway to the Indian Territory, Oklahoma, Texas and
Mexico, has been thus greatly reduced, and this company
has acquired unequaled terminal facilities at Kansas City,
by which it will be enabled to reach the Union Passenger
Station and many large i dustries and to lundle the terminal business at that city with much greater economy,
Through this acquisition this company will secure the use of
adequate terminals at Memphis, Birmingham and other important commercial points.
The advances made to the Kansas City Fort Scott
Memphis Railway Company on account of construction
amounted at the close of the fiscal year to §40,433 07, and
will be repaid to this companv, together with any further
advances on this account, at the time of the issue of the new
affiliated
i
&
securities.
This terminal railway, extending from the south line of
Oklahoma City to the business center of that city, and to a
connection with the Choctaw Oklahoma & Gulf Railroad,
in all a distance of one and a half miles, was built for the
purpose of more economically and expeditiously handling
business at
Oklahoma City, and
is
owned by
Its cost was §51.754 96, as appears in Table
29 of pamphlet.
St.
Loois Oklahoma
this company.
F, pages 28 and
TRAFFIC.
On page 40 (pamphlet) there appears in condensed form a
comparative stateme. t of freight and passenger traffic for
the year, and there appears on page 4S of pamphlet, table
V, a table of freight and passenger statistics tor the five
years ended June 30th. 1901, showing the changes in volume
of traffic and rates during said period.
& Southern Railway.
Freight.
This property, to which reference was
made
in
the last
The tonnage carried during the year increased 635,133
annual report, was completed in April, 1901. and was taken
over on July 1st, 1901. Its operations will hereafter be in- tons, equal to 22*17 per cent. The ton mileage for the year
cluded in the accounts of this company. The property was increased 163,849,336. equal to 31*41 per cent. The average
acquired subject to an issue of 4 per cent bonds to the haul increased i3*78 miles, equal to 7*57 per cent over last
amount of $4,650,000, which have been guaranteed by this year.
The earnings per ton increased 14*25 cents over last vear,
company, and all of which have been deposited under the
refunding mortgage.
Reference is made to pages 10 and 11 but the earnings per ton mile decreased 001 of a cent as
compared with last year. This shows that the rates were
of the Fourth Annual Repo t.
Of this amount, §310.618 24, advanced to the St. Louis Ok- steadily maintainedduring the year, the slight decrease in
lahoma & Southern Railway Company, account construc- the ton mile rate being accounted for by increase in the
tion, as shown in the balance sheet. §180,330 49 will be reim- through or long-haul business.
The average load in tons per loaded car increased 1*02
bursed to this company in cash, and the remainder, §130,287 75, will be carried over into the new year, to be disposed t' ns. or 8 per cent, and the average load in tons per train
of to capital or profit and loss account as may hereafter be increased 33*04 tons or 2i *33 per cent.
The comparatively low average train-load, 187*95 tons
determined.
commercial freight and 203*95 tons with company's freight
Pobt Worth & Rio Grande Railway.
included, is, to a large extent, due to the numerous branch
In May of this year this company entered into a contract line trains which carry c mparatively light loads, but
to purchase substantially the entire capital stock of the which go to make up the average.
Fort Worth & Rio Grande Railway Conii any, owning the
Passenger.
line from Fort Worth to Brownwood, Texas, a distance of
14616 miles.
This contract has been carried into effect
There was a decrease in the number of passengers carried
since the close of the fiscal year.
The road is subject to during the year of 82,64S, but an increase in the number of
first mortgage bonds amounting to §2.923.000, bearing in- passeogers carried one mile of 13,735,888, equal to 15*57 per
terest at 3 per cent to January 1st, 190'. and 4 per cent cent increase over the previous year. There was also an inthereafter,
crease of 7*62 miles, equal to 19*87 per cent, in the average
distance each passenger was carried.
Red River Tkxas & Southern Railway.
The average rate received i er passenger increased 16S4
This line is now in process of construction from Sherman, cents and the average rate per mile increased *022 of a cent.
Texas (the terminus of the Red River Division), to Carroll- The increase in the passenger mileage and rate per i assenton, Texas, from which point Fort Worth will be reached ger mile is accounted for by the large increase in through
over the tracks of the St. Louis Southwestern Railway Com- business and the decrease in low-rate suburban and inpany of Texas, and connection made there with the Fort terurban business.
Worth & Rio Grande Railway The advances made up to
The number of through passengers increased 23*50 per
June 30th, 1901, on account of the construction of this line cent and the through passenger mdeage increased 23*96 per
amounted to $61,716 71, as appears in the balance sheet. cent. The number of local passengers decreased 5*19 per
The line, it is expected, will be completed about the end of cent and the local passenger mileage increased 1198 perthis year.
cent.
OCTOBEK
THE CHRONICLE.
20, 1901.
913
EQUIPMENT.
Although the corn crop has been
by
The expenditures for repairs to equipment daring the year drought in the territory tl
I
out over those of the preceding year, and
equipment have been maintained at a liigh <ie
As usual, all destroyed equipment lias
gree of efficiency.
it book value.
heen charged against operating e>
The following new equipment was purchased ami added
during the year:
increased 80 per
all classes of
;
Arkansas
Main
okla
Line.
homu.
Locomotives
Coaches
Coach and Baggage
Cabooses
Box Cars
Furniture Cars
Coal Oars
BallastCars
FlatCars
Distributing Oars
DerrlokCars
Oklahorn a <r
Southern.
13——
linn not
City l>i
vision.
12
1
..
50
25
181
8
2
Totals.
B
20
5
—
9
6
5
100
883
28
1
....
1
tin-
ue business and orop outlook Is otl
bright.
i" the oloae of the fiscal year, Mr. J. Kennedy Tod
and Mr. Hem Blarquand resigned as dil
and have
Keen succeeded by Mr. Nathaniel Tin
aid
Mr. II. C. 1'ieree, of si Louie
The former bad been many
years a director of the Kansas Citj Fort Doott <v Memphis
Prioi
\
•
Railroad Company.
By direction of the Board. Mr. Stephen Little mad
examination of the aooounte of this Companj foi the p
fiscal year, and his certificate follows.
My hearty acknowledgment is due to the officers and employes for lie fidelity and efficiency with which the
performed their duties during the vear.
B. P. rOAKl M.
i
1
48
..
•
U n
1
...
2
2
1
1
....
was wrecked, destroyed or
11 Stock Cars.
3 Furniture Cars.
3 Refrigerator Cars.
I'ri
48
1
..
old equipment
sold during the year:
2 Locomotives.
Box Cars.
126 Coal Cars.
on is
81. I
-2
1
The following
ftO
<*
damaged by
Company's lii
seriously
S Flat Cars.
2 Cabooses.
1 Derrick Oar
1 Passenger Coach.
The value of destro) ed equipment replaced and charged
to operating expenses during the year was $60,976 12, being
the total book value thereof (see table E. page T, ol pamph-
St. Louis, Mo.. August 10th. 1901.
President St. Louis <fr San Francisco
RB. Co., St. Louis, Mo.:
Dear Sir In compliance with your request, I beg to advice you that I have made my usual annual visit to this city,
and in the Audit Office of your Company here examined
B. F.
Yoakum, Esq
,
—
and
verified:
r
let.)
PHYSICAL CONDITION.
Heavy expenditures were made on the track during the
and its physical condition has thereby been
improved.
The expense of maintenance of way and structures increased 51 per cent over the previous year.
past fiscal year,
much
12,065 tons of new steel rail were laid, of which 8.859
tons were of 65-lb. weight, 2.568 tons of 75-lb., 466 tons of
70 lb. and 177 tons of 60 lb., at a total cost of $862,311 95; as
against 4,974 tons laid during the previous year, at a total
cost of $95,479 84.
The net cost, after allowing for the
value of the old rails taken up. was $189,756 34, as against
$44,579 60, the net cost for the previous year. The entire
cost of rail renewals was charged to operating expenses.
Liberal renewals of cross ties were made duriDg the year;
677.772 oak cross ties and 313 sets of switch ties were placed
in the track at a total cost of $204,416 08, as against 496.039
cross ties and 90 sets of switch ties at a cost of $140,445 53
for the previous year.
The entire cost of tie renewals was
The general Profit and Loss Account of your Company at
June 30th, 1900, and June 30th, 1901, respectively.
II.
The Earnings and Operating Expenses and Income Account of your Com pan v for the fiscal year ended June 30th,
1901.
III.
General Balance Sheet at June 30th, 1901.
I therefore certify
that the elements constituting such
Accounts and Balance Sheet are fully and fairly set forth,
and reflect, truthfully, the transactions of the year under
review, and the financial condition of the Company at the
Its
end thereof.
My thanks are due to your Vice-President and General
Auditor, who extended to me every courtesy and facility
necessary to
my examination.
Yours very truly,
Stephen Littij
A.
charged to operating expenses.
A new steel truss bridge (3-144 foot span) was erected
over the Gasconade River at Arlington, Mo., at a cost of
$21,784 06, and one 93-6 foot span over the Spring River
near Verona, Mo., at a cost of $5,378 15.
These new
bridges were charged to operating expenses and replaced
two
iron truss bridges of lighter construction.
167 miles of track were ballasted during the year 74
miles with rock ballast, 64 miles with gravel, 24 miles
with cinders and 5 miles with sand. The total cost was
$ 151,668 07, of which $33,973 19 was charged to operating
expenses and $117,694 88 to capital account.
10"65 miles of new switches and sidings were built during
the year, and the cost was charged to capital account.
There were 107 miles of new wire fencing built where no
fencing previously existed, at a cost of $9,907 00, which was
charged to capital account. The cost of all renewals of
fences amounted to $34,238 39, and was charged to operating
—
expenses.
GENERAL PROFIT AND LOSS ACCOUNT
(And Adjustments Therein, June 30th, 1900, to June 80th, 1901.)
Dr.
LAND DEPARTMENT.
The net
receipts of the land department for the fiscal year
were $11,659 55.
10,131 45 acres of land and 21 town lots were sold during
the year, and there remained unsold at the end of the year
76,327 79 acres and 527 town lots.
For detailed statement of Land Department transactions
see tables Q.. R., pages 44, 45 of pamphlet.
Cr.
By Balanoe at oredit June 30th, 1901 ....
•'
Surplus for the year ended June 30th,
1901 as per Income Aooount
" Dividend on Thirty-one St. Louis
Kansas & Southwestern Ry Bonds,
being amount realized in excess of
$978,096 71
1
,
,029,299 27
629 90
cost.
Aooounts payable canceled
Liquidation dividend on 81k shares
of stock of the Logan Real Estate
Co., being amount realized in excess
of Book Value of stock
To Expenses engraving and certifying
Northwestern Division Bonds and
for stamps affixed thereto
" One-half of the re-organization expenses of the Kansas Midland Ry.
2,492 38
••
•'
15 97
."
*'
For details of important items charged during the year
to capital account see table pages 28 and 29 of pamphlet.
..
Co., paid by this Company
Subscription towards construction of
Science Hall for Drury College,
Springfield,
Mo
$3,25100
1,19175
2,500 00
Engraving and furnishing Refunding
Mortgage Bonds
" Internal revenue stamps for Refundins Mortgage
" State Tax on increase of Capital Stock
from Fifty Millions to One Hundred
•'
13,000 00
42,084 23
Millions of Dollars, being SOo. per
thousand
" Unoolleotible Accounts written off
" Taxes on Lands in New Mexico and
"
25,003 00
3,177 32
9,658 06
1,910,668 87
Arizona
Balanoe
$2,010,534 23 $2,010,534 23
GENERAL.
Appended
to this report
on pages
By Balance
49, 50, 51 of
at credit
June 30th, 1901
will be found the statements of Income Account for the fiscal year ended June 30th, 1901, and Condensed Balance
Sheets at Juue 30th, 1901, of the Fort Worth
Rio Grande
&
supporting,
earnings of
»7
B.
STATEMENT OF GENERAL INCOME ACCOUNT FOR THE
FI8CAL YEAR ENDED JUNE 30TH, 1901. AND
MemCOMPARISON WITH PREVIOUS YEAR.
Railway Company and the Kansas City Fort Scott &
phis Railroad Company System, but none ot their accounts
or the results of their operation have been included in the
figures in this Company's report for the fiscal year.
During the past fiscal year both the financial and physical
conditions of this Company have improved. It has no'floating debt or outstanding equipment notes. By reference to
tables S, T, page 46 of pamphlet, it will be seen that the
capital stock and b»nded debt and interest charges per
mile of road have been gradually reduced from year to year,
while the gross and net earnings per mile have been increased.
The additional mileage
«i,t»iu,t>oti
pamphlet
added during the year is self
and contributes largely to the gross and net
the main line.
Average Mileage
1.40079
1,686 62
1901.
Gross Earns, from Oper'n.. 10,173,697 25
Operating Expenses
5,845,007 41
285-33
7,983,246 06 /. 2,190,451 19
4,692,526 77 7.1,152,480 64
Net Earns, from Oper'u.... 4,328,689 84 3,290,719 29
Add—
Int. A Div. on
Securities In Treas., etc.
7.
Inc. or Drc.
1^00.
/.
1,037,970 55
Income from
99,510 58
68.528 00
7.30,932 58
30,671 95
18,802 53
D. 30,671 95
11,659 55
Front on operating contract and agreement of
March 19, 1900, with
Kan C. Osce. &Sou. Ry..
Land Departm't Receipts.
Total Net Inoome
4,439,859
l>7
D. 7,142 98
3,408,72177 71,031,138 20
THE CHRONICLE.
914
Brought Jonvard
Lets—
Interest on Funded Debt:
St L. & 8. F. By. Co. 2d
Mts<\ (now 1st), 6%
Gold Bonds
8t.L &8.F.Ry O0..M0.&
W.Div.l8tM.6%<;.B'ds
1901.
1900.
9
$
Inc. or Dec.
1,031,13820
335,420 00
335,810 00
D. 390 00
61,000 00
61,300 00
D. 300 00
56,740 00
57,280 00
D. 490 00
54,950 00
54,950 00
468,420 00
468,420 00
8t. L.
1
M.ofl&87,5%G Bonds
L. & 8. F By. Co.
Gen. M.6%Gold Bonds
St.
8t.
L.
&
8.
Iirough
Add—
I
forward
1900.
$
f
Eental Traoks and Term's.
Deficit Operation Kansas
Midland By
Expenditures for Improvements. Construction and
additional Eqnlp. during
the years ended June 30,
1901 and 1900, being
amount in excess of
Bonds issuable
Inc. or Dec.
32
2,no,33S 00
273,103 81
75,096 81
227,479 39
22,582 89
2,381,803
Taxes
& 8. F. By. Co., Tr.
M.of 8h0.b%G. Bonds
St. L. A 8. F. By. Co., Tr.
1901.
9
I.
3,408,721 77
4,439,839 97
[Vol. LXXIII.
I
I.
I.
I.
-,065 72
105468
32
45,624 42
52,513 92
D. 8,085 72
im-
for
provements, or of other
F. By. Co.
Gen. M. 5% Gold Bonds
Wichita & W. By.
Co. 1st M. 6% G. Bonds
Ft. 8m. & V. B. BrldKeOo.
1st M. 6% Gold Bonds
614,600 00
614,600 00
provision therefor, and in
120,000 00
120,000 00
consequence charged to
Income Account by order
of Board of Directors
St. L.
& 8. F. BE. Co.
Con. M. 4% Gold Bonds
F. BE. Co.,
St. L. & B
16,680 00
17,565 00
306.780 00
292,980 00
1st Mtge.. Southwest.
Div.. 5% Gold Bonds..
75,000 00
75,000 00
78,480 00
78,480 00
180,556 76
77,898 16
I.
102,658 6O
D. 885 00
St. L.
& S. F. BB. Co., Cen.
Div., 1st M. 4% G. B'ds
13,800 00
/.
8t. L.
& S. F. EB. Co.
Northwestern Div., 1st
Mtge. 4% Gold Bonds..
Dividends of
St. L.
7.44,000 00
44,000 00
St.L&8.F.RR.Co..Kan.
8,000 00
8.000 00
J.
2,176,335 00
2,281,803 32
7.
105,468 32
C.-CONDEN8ED GENEBAL BALANCE SHEET JUNE
1901.
1900.
Inc. or Dec.
$
$
$
ASSETSTo Franchises and Property,
for
statement of lncrea«e see
pages 28 and 23 [pamphlet]. 93,026,509 90,397,006 7.2,629,503
" Stocks and Bonds owned (see
separate statement, page 30
[pamphlet], for Face and
3,456,616 4,420,277 D. 963,660
Book Values)
Total Franchises and Property.96,483,125 94,817,282
193,048
Am. Loan <t Tr. Co. Equipment
Kansas City Division 1st Mtg.
4% Bonds in bands of U. 8.
Mortgage and Trust
Trustee (see contra)
1,665.843
D. 193,048
7.
Co.,
241,000
D. 65,000
306,000
200,000
Mississippi Valley Trust Co.,
for deposit by Special Master
in Chancery for Kans. Mid.
Ey. (see contra)
200,000
7.
1,455
Current Assets
Cash in Treasury
Cash in Trust Companies for
Coupons & Sinking Funds
Due rom Agents and Conductors
7,
965,926
720,488
24,398
21,888
381,223
277,073
118. 580
80,558
422,597
69,187
440,144
37,819
. .
1,455
245,438
7.
First
and 2%
in
600,009 00
520,000 00
Surplus carried to credit
of Profit and Loss
1,029,299 27
376,360 61
account Traffic
Due from Comp's aud Indiv..
nies,
350,059
72,539
436,462
40,909
U. 8. Government.
Supplies on hand
7.
2,510
104,150
7.
Unadjusted Accounts
Louis & San F. ER. Co. Consol 4% Bonds, acquired for
disbursements made under
provision of Mtg. (par 1901
and 1900. $1,443,125 and
$1,120,625 respectively), cost 1,354,828
St. Louis & San F. Ey. Bonds.
Redeemed— Trust Mtg. of
38,022
D. 72,538
I.
3,352
D. 3,682
7. 3,090
7.
By
1,035,462
319,366
7.
D. 5,901
2d Mtg (now st) 6s, Series
"B" (par $ 1 ,000) oost
Advances to 8t. Louis Oklahoma & 80. Ry. Co. aooount
1,116
D. 1,116
1
LIABILITIESCapital Stockist Preferred.,
2d Preferred
&
7.
Worth Belt Line 8urvey
St.
Louis World's Fatr 8took...
40.433
7.
61,717
3,500
1900.
$
$
Inc. or Dec.
$
"
Funded Debt, as per Statement m pamphlet report
46,471,125 45,014,225 7.1.456,900
" Bonds Eedeemed
12,000
7.12,000
" TotalCapital8tookandBonds.96,483,125 95,014,225 7.1,468,900
" Improvement Fund Kansas
City Division, 4% Bonds,
held In trust by the U. S.
Mortgage & Trust Co. (see
contra)
241,000
D. 65,000
308,000
Improvement and Equipment
Fund Northwestern Division
(see contra)
" Special Master Kansas Midland Ey. (see contra).
"
Due on American Loan &
'*
Trust Co. Equipment
Current LiabilitiesAudited Vouchers and Pay-
200,000
7.200,000
1,455
7.1,455
150,206
D. 150,206
Bolls
to Companies and Individuals
Interest on Bonds, Matured.
Interest on Bonds, Accrued
(notdue)
Taxes Accrued (not due)
898,871
859,655
7.39,216
114,212
718,371
92,766
713,868
7.21,446
7. 4,508
281,998
88,082
212,628
76,507
7.69,371
7.11,575
Sinking Funds Acorued (not
due)
Kansas City Osceola & 80.
25,006
28,181
D. 3,175
Ry., Interest
Fund
92,693
J.
92,693
38,025
7.38,025
Louis Oklahoma & So. By.,
Fund
F. Ry., and prior, and Atlantic & Pacific RE., Cent.
Div., prior to purohase. assumed by this Company...
" Total Liabilities
" Profit and Loss to Balanoe,
being excess of Assets over
7,937
12,246
D. 4,309
99,190,774 97,466,277 7.1,724,497
1,910,669
978,097
7.932,572
310,618
7.
40,433
61,717
493
Ft.
1901.
5,000,000 5,000,000
16.000,000 16,000,000
29,000,000 29,000,000
Common
all Liabilities
310,618
of Construction
Ft. 8. &
Advances to K. C.
M. Ry Co. account of Constr.
Advances to Red River Tex &
80 Ry Co. account of Constr.
652,938 66
AND COMPAEI80N WITH PBEVIOD8 YEAE.
Interest
5,901
-
7.
Miscellaneous Llabllites of
Receiver 8t. Louis & San
1880, 6s (par $5,000), cost...
- -
30, 1901,
St.
St.
,
7.80,000 00
Remaining—
Due
Due from Railroad CompaDue from
2^% in 1901
"
Northwestern Div. 1st Mtg.
4% Bonds in Trust with Continental Trust Co. of N. Y.
(see contra)
7.732,938 66
7.41,733 32
41,733 32
interest...
Total interest
4% on
7.298,199 64
Preferred Stock; and on
Second Preferred Stock
lfcOO
City Div.. 1st Mtge. 3%
and 4% Gold Bonds....
Kan. City Osoe. & Sou.
Ey. Contract
Total interest and all
other oharges
2,810,56070 2,512,36116
Surplus— applicable to
dividends
1,629,299 27
896,360 61
Outof which were deolared
7.493
........
7.
3,500
Balance of amount advanced
to the Employes' Hospital
Assoc
of the "Frisco" Line.
14,178
15,809
01,101,443 98.444,374
D. 1,631
7.
2,657,069
D.
30TB, 1900, TO JUNE 30TH, 1901,
OUTSIDE OF ITS INCOME ACCOUNT.
JUNE
Resources to be accounted for
Derease of Assets
Stocks and Bonds owned
Amerlcau Loan &Trust Co., Equipment.
Kansas City Division 1st Mtg, 4% Bonds,
in hands of U. S Mtg. & Trust Co.,
Trustee (see contra)
Individuals..
Supplies on hand
St. Louis & San Francisco Ey. Bonds
Bedeemed-TrustMtg. of 1880-65 (par
1st) 6s, Series
"B"
$963,660 40
193,048 30
&
65,000 00
72,538 41
3,682 34
Total Increase of Liabilities
Increase of Profit and LossBalance at Credit June 30th, 1901
Balanoe at Credit June 30th, 1900
1,116 25
Total Decrease of Assets
,
r*orth western Division (see contra)...
Special Master Kansas Midland, Rv. (see
oontra)
Individuals
Interest on Bonds, due and unpaid
Interest on B mds, acorued (not due)...
Taxes acorued (not due)
Kansas City Osoeola
Southern Ry.,
Interest Fund
St. Louis Oklahoma &. Southern Ry.,
Interest Fund
Employes Hospital Assn. of the Frisco
Line
$1,456,900 00
12,000 00
Fund
Due to Companies and
(par
$1,000). cost
Funded Debt
Bonds Eedeemed
Improvement and Equipment
Audited Vouchers and Pay-Roils
5,900 83
$5,00i.) oost
2nd Mort. (now
101,101,443 98,444,374 D. 2,657,069
Increase of Liabilities-
SUMMARY OF FINANCIAL OPERATIONS OP THE ST. LOUIS &
SAN FEANCI8CO EAILROAD COMPANY FROM
Due from OomDanies and
Tota
1,630 91
$1,306,577 44
Grand Total
to
be accounted
for.
200,000 00
1,455
39,215
21,445
4,508
69,370
11,575
35
50
68
00
63
49
92,692 71
38,024 53
1,947,187
$1,910,668 87
978,096 71
8&
932,572 16
$4,186,337 49
October
THE CHRONICLE.
26, 1901.
Brought foriciud
This
sum
is
$^'-«.JJ7-«
accounted for aa follows:
Increase of Assets—
$2,629,503 23
Franchises ami Property
Northwestern Dlv. 1st Mtir. 4% Bonds
In Trust with Continental Trust Co.
200,000 00
of N. Y (seeoontra)
Mississippi Valley Trust Co.. Trustee for
1,455 3".
Kansas Mid. Ky. Bonds tsee oontra)..
Cash
Cash
In Treasury
In Trust Co'8 for
Friday Night, Oct. 25, 1901.
Advices from interior points as well as near-by markets all
report a good, healthy distribution of merchandise, and the
general outlook has continued encouraging. Manufacturers
and dealers in most lines have been kept busy in making
shipments on outstanding orders and here and there some increase has been noted in the rnn of new orders, buyers show-
245,487 59
2,51008
SlnklnK Funds
Trattlo
Due from United
COMMERCIAL EPITOME.
Coupons and
Due from Agents and Conductor*
Due from Railroad Companies, account
States Government...
104,149 54
38,02170
3.3r>2 09
3,090 15
Unadjusted Accounts
8t. L< uls A: Hun Francisco RR. Co.
sol. 4*6 Bonds,
acquired for
Condis-
bursements made under provision of
Mortgage (par $322,1S00), cost
319,366 25
Louis Oklahoma
count Construc'lon
310,618 24
St.
Advances
to K. C.
.V
So. Ry. Co., ac-
Ft. 8.
& M.
aocount Construction
to Red River Texas
Co.. account Construction
Ft. Worth Belt Line Survey
St. Louis World's Fair Stook
Advanoes
Ry. Co.,
40,433 07
& So. Ry.
61,716 71
492 75
3,500 00
$3,963,646 75
Total Increase of Assets
Decrease or Liabilities-
&
$65,000 00
Trust Co. (see contra)
Due on American Loan A Trust
Equipment
Sinking Funds accrued (not
Go.
due).
Miscellaneous Liabilities of Receiver St.
Louis & San Fr.tn. Ry., and prior, and
of Atl. & Fao. RR.,Cent. Div., priorto
purchase, assumed by this Company.
150,206 25
3,175 25
222,690 74
$4,186,337 49
for.
prime Western and 8'85@9'15c. for prime City. Refined
and prices have
gradually weakened, closing quiet at 9G5c. for refined for
the Continent. Speculation in the market for contracts has
been on a limited scale and prices have continued to weaken
with the hog market.
DAILY CLOSING PRICES OF LARD FUTURES.
lard has been reported as selling slowly,
4,309 24
Total Deorease of Liabilities.
Grand Total acoounted
ing a disposition to replenish stocks to some extent. Satisfactory weather conditions have been experienced in most
sections of the country and have had their influence in stimulating business in seasonable goods. Crop news has been
The cotton crop has been reported
generally favorable.
making good progress in.the absence of frosts, and the winter
wheat crop is reported as doing well.
Lard on the spot has been quiet. Refiners have been slow
buyers and only a small amount of business has been trans
The close was quiet at 9 '40c. for
acted with exporters.
-
Improvement Fund Kansas City Division 4% Bonds held in Trust by the
U. S. Mtg.
U15
—
Ootober
Stearns Automobile Co.— Stock Offered.—The company,
with office at 850 Drexel Building, Philadelphia, offers for
public subscription until Nov. 5, for additional working
capital, $2,500,000 of the full-paid common stock, at $5 25
per $25 share. Authorized capitalization $9,500,000, of which
$500,000 is 6 per cent cumulative preferred.
The company's factories already established, when fully equipped,
will produoe at least 10 finished machines per day, or a total of 3,000
a year.
The company has no bonded debt. The Provident Life &
Trust Co., Philadelphia, is the registrar of tbe stook. The
President is E. C. Stearns: Vice-President, W. W. Gibbs;
Seeretary and Treasurer, Clayton E. Pratt. See V. 73, p. 295.
Toledo (0 ) Gas Light & Coke Co.— Increase of Stock.—
This company is preparing to increase its capital stock from
$750,000 to $900,000, to provide for improvements.— V. 73, p.
—
Sat.
Mon.
Tut*.
Wed.
987
970
950
940
Thurt.
9-45
Frt
940
The demand for pork has been limited to small jobbing
orders and prices have weakened slightly, closing at |15@
16 50 for mess, 517 50@18 for family and $18@19 50 for short
clear.
Cutmeats have been dull and unchanged
at
7}|@7^c.
shoulders, 10j^@10>£c. for pickled hams and
934@10c. for pickled bellies, 14@10 lbs. average. Beef has
had only a small sale, but prices have held steady at $9 50@
10 for mess; $10@11 for paoket, $11@12 for family, and $18 50
@ 19 for extra India mess in tierces. Tallow has been quiet,
for
pickled
closing at 5%c. for prime yellow. Stearines have been neglect-
10>£@10%c. for lard stearineand U><c. for oleo
oil has been quiet and easier, with
prime
yellow
down
to
Butter has been steadier
38}£@39c.
394, 295.
United Electric Light & Power Co. of Baltimore.— Option. on light receipts, closing at 15@22^c. for creamery. Cheese
—See United Railways & Electric Co. under "Railroads" has had a moderate sale at full values, closing at 7@10%c
above. -V. 69, p. 1246.
for State factory, full cream.
Fresh eggs have had a fair
United Factories, Limited, of Toronto, Canada.—Stock sale at steady prices, closing at 22>£c. for choice Western.
Offered —The Union Trust Co., Limited, of Toronto, recently
Brazil grades of coffee have been active but the tone of
offered for subscription at par $200,000 of the first preference
the
market has been unsettled. Early in the week there was
The company is incorporated
7 per cent cumulative stock.
under the Ontario Companies Act. with authorized capital active buying at advancing prices on unfavorable crop news
stock of $1,500,000, in shares of $100 each, of which $500,000 from Brazil. Subsequently, however, under realizing sales
there developed a weaker undertone and part of the advance
is 1st preferred 7 per cent cumulative, $400,000 2d preference
lost.
The close was steady at 6?£c. for Rio No. 7. Mild
5 per cent non-cumulative and $600,000 common stock, and was
has acquired the brush, broom and wooden-ware business of grades have been in active demand. The close was steady at
the three following concerns, which will be continued under 8c. for good Cucuta, East India growths have been firm.
Speculation in the market for contracts has been active.
tbe same management:
Boeckh Bros. & Co. of Toronto and Montreal; William Cane & Sons Prices advanced on unfavorable crop news, but reacted
Manufacturing Co., Limited, Newmarket; Thomas Bryan, London, under profit-taking sales. To-day there was a moderately
Ontario.
active and steady market. Following are the closing asked
Of the stock, $100,000 first preference stock will remain in prices
the treasury, besides which the company will have $125,000
Oct
6-200. July
6-OO0. Jan
6-80o.
working capital. The combined average net profits above Nov
6 00o. March
640o. Aug
6-85o.
depreciation, etc., during the years 1897 to 1899, are estimated Deo
6-lOo. May
660o. Sept
6-95o.
The officers are: President, Emil C.
at $45,700 yearly.
Raw sugars have been in slow demand and prices have
Boeckh; Vice-President, Henry S. Cane; Secretary- Treasurer, weakened slightly, to 3 13-16c. for centrifugals, 96 deg. test,
A. W. Wills, Toronto, Can.
and 3 5-16c. for muscovado, 89 deg. test. Refined sugar has
United States Flonr Milling Co.— Judge Jenkins, in the been in moderate demand and steady at 5-lOc. for granuUnited States Court, at Milwaukee, on Oct. 21, denied the lated. Other staple groceries have been unchanged.
Kentucky tobacco has had only a limited sale, but prices
application of the minority bondholders to intervene and to
modify the decree. The sale of the various properties, it is have held steady. Increased interest has been reported
now expected, will take place in about six weeks.— V. 73, p. shown by buyers in the market for seed leaf tobacco and a
larger volume of business has been transacted, but no par856, 394.
United States Steel Corporation— Orders.— See Pennsyl- ticulars have been given. Foreign grades of tobacco have
had only a small sale prices have been unchanged and steady.
vania RR. under "Railroads."— V. 73, p. 725, 722, 681.
Business in the market for Straits tin has been quiet, but
Universal Tobacco Co.—See Havana Commercial Co. reflecting
stronger foreign advices, prices have advanced.
above.— V. 73, p. 794, 44*.
Tne close was steady at 24-S0@24-85c. Ingot copper has had
Warwick Iron & Steel Co.— Scrip Dividend.— A dividend only a limited sale, but prices have been well maintained at
of 3 per cent has been declared, payable Nov. 11 in scrip 16t^@17c. for Lake. Lead has been quiet and unchanged at
(convertible into common stock) to holders of record Oct. 31. 4*37^0. Spelter has advanced, and the cloee was firm at
—V. 72, p. 1140.
4 37^c. Pig iron has been in fair demand and steady at
$13® 15 50.
Attention is called to the offering by A. C. Frost & Co.,
Refined petroleum has been unchanged, closing steady at
Chicago, of Chicago & Milwaukee Electric Railway Co. 5 7-65c. inbbls., 8-75c. in cases and 5'lOc. in bulk. Naphtha
per cent bonds. This road connects fifteen suburban cities has been unchanged at 9 05c. Credit balances have been unand towns with Chicago.
changed at $1 30. Spirits of turpentine has been in fair de—William G. Gallagher, 35 and 37 Broad Street, New mand and firmer at 89@89}£c. Rosins have been firmly held
York, invites correspondence on various issues of copper at $1 45 for common and good strained. Hops have been dull
and easy. Wool has had a moderate sale at steady prices.
stocks. His advertisement is on page vi.
ed, closing at
stearine.
Cotton- seed
!
I
;
—
THE CHRONICLE.
<J16
COTTON
.
Friday Night, October 25, 180 1.
The Movement of the Crop, as lndloated by our telegram*
from tbe South to-night, is given below For the week ending
,
evening the total receipts have reaohed 420,447
this
at—
Mon.
Sat.
tut l.
Thurt.
Wei.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named,
Wp add similar figures for
Hew York, whioh are prepared for our special use by Messrs.
Lambert A Barrows. Produce Exchange Building.
bales,
against 861,848 bales last week and 280,801 bales the previouf
week, making the total reoeipts since the 1st of Sept., 1801,
1,650,822 bales, against 1,920,230 bales for the same period of
1800, showing a decrease since Sept. 1, 1901, of 269,408 bales.
Meceipte
[Vol. LXXIII.
TV'ia
fri.
OH HHIPBOAUD, HOT CLEARED FOE—
Oct.
Leaving
25 at—
Great
OerOther Ooatt__,
Britain Frne* many. For' gn, wUe.
|
New Orleans
Galveston.
140 63,138
81,629;14,127i 3,709 13,473
55,499 33,465 19,906 11,454,
583 121.307
3.H00
1,000
23.000
10,800 1,600 6,000
2,000
4.000 2,235
8,235
4*000
9,010!
13,000
2,5001
15,606 17,500
5,100
5.100
12,000
10,000 4,000
26,000
108,572
64.086
81,652
10,974
16,856
12,197
70,110
31,500
Total 1901. 128,928 49.192 43,675 36,527 18,958 277,280
395,847
Total 1900.
Total 1899.
444,657
644,578
. .
Savannah
17,129 21,538 29,037 16,867 20,943 14,431 119.945
1,573
1,573
Bab. Pass, Ac
New Orleans. 16,354 17,168 23,484 18,167 19,072 14,744 108.989
1,719 13,987
1,444
Mobile
1,114
4,062
3,671
1,977
8,819
8,819
Peneaeola, &o1.549
12,646 13,306 12,677 12,027 10,376 10,457
6.018
6.018
Brunsw'k.Ao
1,749 15,373
1,203 2,967
Charleston....
2,683 4,099 2,672
itoeM.
Total.
Charleston ...
Mobile
Norfolk
New York....
Other ports
',
Speculation in cotton for future delivery has been on a
moderate scale only, and prices have declined. The feature
has been the free movement of the crop, receipts both at the
ports and interior towns being unusually large throughout the
590 week; this has prompted some selling on the part of specu»
5,485 lative holders to liquidate their accounts. Favorable weather
5,612 conditions and improved crop accounts, particularly from
the Southwest, also have had their influence against the
3,721
Pt. Royal, Ac
Wilmington
Wash' ton, Ac
N'p't
4,516
3,488
5.444
3,312
3.689
1,148
8,789
6,356
6,815
6,817
5,955
6,287
1,800
2,839
681
190
1,047
1,259
499
590
News. Ac.
Boston.........
1,458
196
77
1,551
3,721
Baltimore
Phlladel'a,
125
324
130
250
211
102
Ac.
week 62,472 71,159 86,356
Tot. this
21,597
28
36.019
28
New York
1,142
62,550: 64,847 73,063 420.417
The following shows the week's total reoeipts, the total ditu e
and the stook to-night, compared with lastyeai
Sept. 1,1901,
Since Sep,
1, 1901.
Tki$
week.
Sab. P.,
TMt
Since Sep
week.
1,1900
542,262
119.945
1,573
New Orleans 108.989
Mobile
13,987
P'saoola.Ac
8,819
Savannah... 71.549
Br'wiok.Ac
6,018
15,373
Charleston.
P.Royai.Ao
Wilmington. 21,597
28
Wash'n, Ac.
36,019
Norfolk
890
N'portN.,Ao
New York... 5,485
5,612
Boston
3,721
Baltimore .
1,142
PhUartel.Ao
95,536
4,382
1,101
412,476 110,014
46,768
6,856
17,526
2,908
302,619 44,871
25,233
4,592
64,772 12,338
10
95,790 11,565
Galveston.
Ac
Stock
1900.
1901.
Receipt! lo
Oct. 25.
75
47
101,108
1.592
12,861
9.616
8,879
4,853
15,743
862
554
10,197
1,196
622
185,393
161.253
171,710
29,856
239,044
20.533
386,2 00
104,552
25,932
116,298
10
134.394
5,828
19.209
97,437
5,177
28,057
29,929
31,150
235
134,031
29,697
28.712
9,000
7,229
5,514
36,286
8,000
2,759
5,008
673,127
663,446
75,210
In order that comparison may be made with other years,
totals at leading ports for six seasons.
at—
1900.
1901.
Galves'n.Ao. 121,518
New Orleans 108,980
13,987
71.549
Savannah..
Ohas'ton, Ac
15,373
Wllm'ton.Ac
21,625
Norfolk
36,019
590
N. News, Ac.
All others...
30,797
tot. this wk.
420,447
1899
1897.
1898.
79,733
66,978
8,499
82,261
13,143
15.599
14,250
117,250
74,860
13,647
71,792
24,710
20,444
32,961
862
206
798
20,069
13.766
50,921
244,435
weakened slightly.
The rates on and off middling, as established Nov. 21, 1800,
by the Revision Committee, at whioh grades other than
middling may be delivered on contracture as follows.
Pair
o. Ik on Strict Good Mid. Tinged. o. 3 18 on
Middling Fair
1896.
407,383
88,002
101,500
14,135
63,243
43,681
19,410
25,855
818
17,493
374,137
70.946
98,313
12.589
34,768
32.672
14,298
40,537
627
19,957
824.737
Bince Sept. 1 1650,822 1920.230 1790,797 2269.682 2155,232 2391,039
Week,
'rom—
Grtal
Mniint Oct. 25, 1901
Mxtorttd tofrmnee
Brit'n.
Qalveiton...
Sab. Paso, Ac.
65,139
New Orleam.
4.012
Mobile.
Penaaoola....
10,649
Sayannah
Brunswick
25,590
"6.337
6,255
Irom
S*9t.
1,
1901, tc Oct. 26. 190)
Mxporttd to—
nmt.
lotal
Ortat
franc t
Week. Britain.
27,641
89,120 ~163,503
Oonti-
15,603
8,163
21,897
10,616
27,683
8,168
63.173
79,874
33.151
101.557
10,046
Continent.
116.524
7o
.
359.901
1,623
1.828
110,989
245.997
10,61*.
6,597
7.820
9,063
103,311
15.660
14S.004
6,966
38.075
12.508
8.702
16,219
Charleston...
Port Royal...
5,513
6,325
11,838
5,513
6,325
11,838
Wilmington..
Norfolk
N'port N.. &o.
21,613
11,908
83,722
21,813
42,609
64,518
1,236
5,988
New
19.765
.
York...
Booton
Baltimore....
Philadelphia.
San Fran., Ac.
Total.
6,966
1,286
1,155
1,645
8.017
5,760
200
1,456
5,405
27,934
8,017
83,207
6.9 .9
200
600
500
Good Ordinary..
144,141
16,837
300
17,187
9,065
9,365
18,430
200
700
7.036
7.086
166.118
13,237
281,846 ~481,8B8 126,614
165.421 1.07J.S23
Total. 1900... 148,602
11,701
248,838
32,508
433.038 1.24H.967
:
fl
.
Even
k
REon Tues
Sat.
iood Ordinary,
75i«
7'i0
lzu
8*8
8k
813 16 8U 19
9k
9k
Middling
3ood Middling.,
middling Pair...
GULF.
75,«
715 la
839
Si "
9J«
1
1>
.low Middling..
middling
*ood Middling.,
•UddUngFair..
1% off
Ik off
Cow Middling
» x i0
*»15 16
6-%
Middling Tinged.
^ood Middling Tinged
8k
Sk
7'8
8
I
83*
8%
8ii
9k
6 8
"8
8
838
Wed
55"
w
Tit.
Frl.
7>
8=8
9k
938
Rlon Tues
7
8
Middling,
9k
w
8» 16
8»8
Sat.
7B,«
III*
8*8
8li
for
Tk. Frl
7510
8%
9k
vrAINED.
Wed
Mon Too Wed
Sat.
*ood Ordinary.
Low
off
k off
k off
...... .....liis off
UPLANDS.
930
Tfct.
Frl.
6*8
7*8
6*8
7*0
8
8>e
6*8
7*8
8
8»0
8
838
The quotations for middling upland at New York on
Oct. 25 for eaoh of the past 32 years have been as follows.
1893.. ..c. 85 16
1901.. c. 830
1885. ...0. 9%
1877.. ..0.115,
10i5
&!ltt
85 16
1892
1900....
1884
9\
1876
87 16
1899....
1891
1883
1875
lO^s
14k
.lOia
1890
1898....
1882
10*8
1874
14\
1897.
1889
1881
1873
10k
15k
115s
913 16 1880
1896
1888
8
1872
19%
Ilk
1895
1887
1130
fc9. 6
1879
1871
90b
18k
1894
9" 16 1870
5i3is 1886
1878
9k
17k
MABKET AND
SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add oolumns whioh show
at a glance how the market for spots and futures dosed on
same days.
Spot Mibsst
Closed.
5,405
5.699
\ on Good Middling Tinged
k on Middling Tinged
iaon Btrlct Low Middling Tinged
a
Middling Stained
16
7i 8 off Strict Low Mid. Stained..
\ off Low Middling Stained
6
On this basis the offloial prices for a few of the grades
the past week— Oct. 18 to Oct. 25—would be as follows.
6,982
£5,286
681,976
Middling......
9ood Middling
strict Low Middling
Low Middling
Strict Good Ordinary
Strict
for the week ending this evening reaoh a tc al
of 284,816 bales, of whioh 166,148 were to Great Britain, 13,237
toPranoe and 105,461 to the rest of the Continent. Bekw
are the exports for the week and since Sept. 1, 1901.
The exports
Export*
Good
uow Middling..
96,637
110,014
6,856
44,671
12,338
11,612
15,743
319,002
vails
Strict
we give below the
Receipts
Among many of the trade the opinion prethat the large receipts of the past ten days
are the result of the recent free buying by English
spinners to reinforce their supplies. The export movement
to Liverpool has been large, thus affording relief to the statistical position in that market.
At the decline in prices of
the past week, advices received from some of the Southern
markets report that holders of cotton have been only very
moderate sellers hence many of the trade are looking for a considerable falling off in the crop movement in the near future.
Reports from Pall River relative to the labor situation have
not been encouraging', and have operated against the cotton
market. To day there was a quiet but steady market, Early
in the day prices weakened on a rumor of a larger crop
estimate, which, however, was subsequently denied. The
close was steady at a net loss in prices for the day of 1@5
points. Cotton on the spot has been quiet, and prices have
market.
;
844,617
6,392
664,326
46,005
18,210
420,447 1,650,822 319.002 1.920,230
Totals
1900
1901.
4,393
3,854
25,848
5,143
4,282
73,430 19,775 78,275 30.856 16,453 218.789
66,392--- 19,159 199,219
82,437 31,241!'
Saturday ..Quiet
Monday.... Quiet at
Tuesday... Quiet
Wednesday Quiet
rhursday.. Dull
Friday
Quiet
Total.
k dec.
FUTTJRE0
Sales or Spot
Market
Closed.
Steady
Easy
steady
1,700
Contract.
Oon-
Con-
tump.
tract.
395
190
306
iB'rly steady.
<b
900
300
900
Total.
2,095
1,090
300
1,206
Steady
216
216
steady
1,700
1.107
2,100
4,907
October
jn
THB CHRONLCJLK.
26, 1901.]
At tbb Iatbriob Towns the movement— that is
the receipts
the week and since September 1, the shipments for the
week and the stocks to-night, and the same Items for the
oorrespondlng period of 1900— Is set oat in detail below.
tor
5
I
«J«J
abob
I
•
II
-.IX
10
19
19
-4-1
abco
•!•!
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•!•!
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I
I
9
II
19
II
I
I
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9
-
9
I
11
19
I
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ii
19
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toto
I
9
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cow
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19
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I
I
9
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-400
mco
coo
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too
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-1-1
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*-
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19
19
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19
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19
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I
9
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19
•
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o
KJMOS tCHHTUMHODtOHA
at/H»- *.tc*-*».ic©u<a;MO<yitc«
»0tO
m to -lajcocjv too ©
9
94,000 144,000 689,000 521,000
129.000 169,000 311,000 198,000
Amerloan afloat for Europe.
652.000 742,000 582,000 776,000
United States stook
673,127 663.446 818,797 991,199
United States Interior stocks. 473,193 452,262 610,840 531,284
United States exports to-day.
43,239
43,867
30,507
77,805
Total Amerloan
2,064,559 2,214,575.8,067,144 3,095,288
Matt Indian. Brazil, <fe.—
Liverpool stook
58,000
55.000
62,000
72,000
London stock
7,000
15,000
5,000
2,000
Continental stocks
43,200
22,200
50,200
54.200
India afloat for Europe
17,000
57,000
20,000
1,000
Egypt. Brasll, Ac, afloat
43,000
31,000
38,000
48,000
Btook in Alexandria, Egypt...
98,000
84,000 117,000
93,000
Stook In Bombay, India
165,000 193,000 206,000
197,000
Total East India, <fco
429,200 457,200 486,200 479,200
Total American.
2,064,559 2,214,5 75 3.067,144 3,095,288
Total visible supply...
2,493,75a 2,671.775 3,553 344 3,574.488
Middling Upland, Liverpool..
4U 16 d.
33f,
3i 18«
57 32<L
jsigad.
18 d.
Middling Upland, New York..
8"80.
7|aO.
75 ltJ o.
5380.
Egypt Good Brown, Liverpool
6i«d.
7" 18 <L
4 Bad.
ttd.
Peruv. Rough Good, Liverpool
77 16 (L
613 1(J d.
7<L
Nom'l
Broach Fine, Liverpool
4»8d.
41 16 <L
„
died.
3&ied.
Tinnevelly Good, Liverpool...
3i3i 9 d.
3ii 6 d.
Shed.
Continental imports past week have been 91,000 bales.
The above figures indicate a decrease in 1901 of 178,016
bales as compared with same date of 1900, a loss of 1,059,685
bales from 1899 and a decline of 1,080,729 bales from 1898.
1
f
*•__•!«
Mt0WO-O09*'®-lM»4M00t0-J«^©C0O:QD©*l©00Wi*.t0»O»l
w«sicco»ioceooe'.oit»B«io 1wak5c-i-i»-o)tiKHC<s*oi
OS
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I
UMHH
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lOOaMWOS
ODr-COCOM©©©OD~JCO^-10'©CC©OS©^lMCt©t»C»;tv*»>-COOSM
Ql^^lib.MOl^WMWOOOOCJlkSCOl^lt^Mr-CdCOh'Ml^l^OOOONiaDH
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tocoosMO) toOto; i»o>cti-ia<t9HOiH |.o>-'ioouccaotoai^
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I!
ai^vto-iooffiO' cvico-iow© Koo-Jteo. cc^omcc^-iicoi
The above totals show that the Interior stocks have in~
treated during the week 75,715 bales, and are to-night 20,931
bales more than at same period last year. The receipts at all
owns have been 34, 109 bales more than same week last year.
Ovebland Movement fob the Weee and Since Sept. 1.—
We give below a statement showing the overland movement
week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Oct. 25 and since Bept, 1 in the last two years are as follows.
(or the
1901.
October 25.
Week.
1900.
Since
Bept.
1.
wee*.
Sine*
Bept.
1.
IMMKdVia St. Louis
Via Cairo
Via Paduoah
Via Rook Irland
Via Louisvllie....
..._.
90,320 39.676
8,565
15.774
30C
"Too
5",341
8f0
4,776
3,932
8,862
12,879
9,753
24,584
4,058
3,182
4,381
44,400
158,651
61,042
212,486
15,960
86.209
272
794
4,101
8,175
12,569
3,047
851
39,127
15,146
7,660
17.026
48,485 16,467
61,933
Leavlngtotal netoverland*.. 27,374
movement by rail to Canada.
110,166 44*578
150,553
...
......
Total gross overland.
Deduct thipmenU—
Overland to ». Y., Boston, Ac.
inland, c%e.,from South. ........
Total to be dedueted
*
23.590
2,840
134,718
33,419
1,662
7,117
13,488
7,988
14,094
.....
Via other routes, &c.._.
American-
.
tO
<Jjk
1
_
bales.
OS
CO *• tO^- tO
-4t3
•
f MM
M
M
09
tOM M CO M CO to 10 *> 10 M O" M to
O <l O OO OO 0« 00 O 03 tO M •!© •• wp^-pp *kp
»'©i^O©W».Vw©WMMVlO«®^00©06MO«to"-l W©00-1M
rfklOOlO
oo y>
1900.
1898.
1901.
1899.
Stock at Liverpool
.bale*. 152.000
199,000 751.000 593,000
•took »t London
7,000
15,000
2,000
5,000
Total Great Britain atook
159,000 214,000 753,000 598,000
Stook at Hamburg
18,000
15,000
27,000
17,000
Btook at Bremen
61,000 106,000 111,000
89,000
Stock at Amsterdam...
1,000
2,000
Stook at Rotterdam
200
200
200
200
Btook at Antwerp
3,000
4,000
4,000
7,000
Stook at Havre
44,000
42,000
131,000
70,000
Stook at Marseilles
2,000
1.000
4,000
3,000
Btook at Barcelona
32.000
17,000
27,000
60,000
8took at Genoa
5,000
4,000
23,000
10,000
8took at Trieste
7,000
15,000
2,000
12,000
Total Continental stock*
172,200 191,200 361,200 252,200
Total European stocks.... 331,200 405,200 1,114,200' 850.200
India ootton afloat for Europe
17.000
67.000
20,000
1.000
Amer. ootton afloat for E'rope. 652,000 742.000 582,000 776,000
f
Egypt. Brazll,<feo.,aflt.f or E pe
43,000
31,000
48,000
38,000
Stock In Alexandria, Egypt...
96,000
84.000 117,000
93,000
Btook In Bombay, India
165,666 193.000 206,000 197,000
Stook in United Statee ports.. 673,127 663,446 843,797 991.199
Stook In U. 8. Interior towns.. 473,193 452,262 610,840 531.284
United States exports to-day.
43,239
43.867
30,507
77,805
Total Visible supply
2,493.759 2,671.775 3.553.344 3,574,48 8
Of the above, totals of Amerloan and other descriptions are as follows
.
ODOt
M
09
6
o
I
COM;
-JX -no
I
si
tOCMJtCkMJIMMHH s-2:
t3
1^
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00 tOOlifc.
ODCOaoO^lOOOMOOMCOM^ifk *. o< MCCMCOCOCJ>05acCOOOiW
^wio — *»-»Macoacaic*-i"tii-'0'K.-jco-Jtacc*-i^-a[.Mow»
OO oo
-ito
wo -i-i
The Visible (supply op Cotton to-night, au made up by
cable and telegraph, la 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. 26), we add the item of exports from the United States,
Including in it the exports of Friday only,
Liverpool stook
Continental stocks
tspecso^tsy
1CSOM
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coo
.2
Including
The foregoing shows the week's net overland movement
year has been 27,874 bales, against 44,575 bales for the
in 1900, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 40,887 bales.
this
week
1900.
1901.
in Sight
and Spinner f
Taktngt.
Wee*.
Since
Sept.
Wee*.
1.
Since
Sept.
1.
420,447 1,650,822,319.002 1,920,230
Keoelpts at ports to Oct. 25
27,374 110,166 44,573 150,553
Vet overland to Oct. 25
Southern consumption to Oot. 25. 34.000 2ci3,000 30,000 233,000
481.P21 2,023,988 393.577 2,303,783
75,7151 343.889] 77,8ei 407,635
Total marketed
nterlor stocks in exoess
471,438
Came Into sight during week. 557.536
2,711,418
..2,367,876
Total In sight Oct. 25
Worth'n spinners tak'gs to Oct. 25 "44^607
Movement
241,040
63,927
*.••'• Sept. 1.
Wee*.
1899
1898
1897
1896
247,426
into sight in previous years
bales. 359.488
-.«—
519.C01
492,434
378,488
1899
1898
1897
1896
bales. 2.631.484
....«~.
3,079,317
2,868,773
3,047,747
THE CHRONICLE.
918
Quotations for Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other prinoipal cotton markets for each day of the week.
CLOSING QOOTATIOHB TOR MIDDLING COTTON
Week ending
Ocl. 25.
Satur.
Galveston
New Orleans
Mobile
Savannah...
Charleston ..
Wilmington.
Norfolk
Boston
Baltimore
.
.
.
715 18
715,«
7 '8
7Hie
7<>8
Nominal.
789
7%
8*
8
8%
R
8»«
8i«
Louis..
Houston
.
Cincinnati
Louisville
812
8<>8
713,„»7e
7I5 16
s»a
8i«
8H
8H
Thur$.
1
715,8
7«4
7i«
~Zi*ie~
7\
7S8
U
7»16
7««
734
7»4
8*J
8*«
8»8
6
8
8
8
8ij 6
She
8>fl
71 '16
715 16
SU,
8i«
8V»
8i«
8>4
8i«
8>«
734
838
8i«
8«8
7i3 16 »7e
4
7
73i
7»8
838
8i«
8«8
784
7%
7^8
71316
7^
1
8*
The closing ([notations to-day (Friday) at other important
Southern markets were as follows.
Nashville
7%
Columbus.Mlss 7%
7"8
Athens
Natoheas
7**
Eufaula
Atlanta
7«e
79,e
I
Charlotte
Columbus Ga
78s
73s
Rook ...
Montgomery.
Little
|
. .
73a
7*2
Raleigh
Shreveport
734
7*2
Weather Reports by Telegraph.— Reports to us by telegraph from the South this evening indicate that generally
the weather has been very favorable for gathering the crop
during the week. There has been practically no rain and the
temperature has been more satisfactory. Under the circumstances picking has made rapid progress as a rule, and in
some sections is nearing completion. Cotton is being
marketed quite freely.
Galveston, Texas.— Rumors of anticipated top crop are
claimed to be without foundation. Previous estimates of the
shortage in Texas and Indian Territory are confirmed.
There has been no rain during the week. The thermometer
has averaged 71, the highest being 78 and the lowest 64.
Brenham, Texas.— It has been dry all the week. The thermometer has averaged 68, raDging from 54 to 83.
Abilene, Texas.— We have had a trace of rain on one day of
the past week. The thermometer has ranged from 48 to 80,
averaging 6*.
Corpus Christi, Texas.—Dry weather has prevailed all the
week. Average thermometer 71, highest 78, lowest 64.
Dallas, Texas. The weather has been dry all the week.
The thermometer has averaged 65, highest being 81 and
—
lowest 49.
Henrietta, Texas.— We have had no rain during the week.
Thermometer has averaged 68, ranging from 50 to 86.
Huntsville, Texas. —It has been dry all the week. Thermometer has ranged from 52 to 80, averaging 66.
Lampasas, Texas. It has rained on one day, the rainfall
being two hundredths of an inch. Average thermometer 64,
highest 89, lowest 49.
Longvtew, Texas. We have had rain on one day of the
week, to the extent of eight hundredths of an inch. The
thermometer has averaged 66, the highest being 82 and the
lowest 50.
Palestine, Texas.— It has been dry all the week. The thermometer has averaged 66, ranging from 52 to 80.
Paris, lexas.—We have had no rain the past week. The
thermometer has ranged from 51 to 86, averaging 69.
Saw Antonio, Texas. Rain has fallen on two days of the
week, to an inappreciable extent. Average thermometer 71,
highest 84, lowest 58.
New Orleans, Louisiana. There has been no rain during
the week. The thermometer has averaged 69.
Shreveport, Louisiana. We have had a trace of rain on
one day during the week. Thermometer has averaged 77,
ranging from 52 to 82.
Columbus, Mississippi. We have had no rain the past
week. The thermometer has ranged from 49 to 84, averaging 67.
Vicksburg, Mississippi.—Picking is progressing rapidly,
dry weather having favored work. Average thermometer
66, highest 80, lowest 52.
The weather has been clear and
Greenville, Mississippi.
warm during the week.
Little Rock, Arkansas.—Cotton is virtually all open; picking is making good progress and is about two-thirds comWe have had no rain during the
pleted; labor plentiful.
week. The thermometer has ranged from 47 to 81, averaging 64.
Helena, Arkansas. Considerable late fruitage is reported,
but the top-crop outcome depends upon frost. The weather
is rather too cool for maturing cotton and there are some
complaints of rotting bolls. It has been dry all the week.
Average thermometer 60, highest 79, lowest 46.
Memphis, Tennessee. The weather has been dry and warm
all the week, ideal for picking, which is progressing rapidly.
The thermometer has averaged 65*2, highest being 79-4 and
lowest 45*5.
Nashville, Tennessee.— Picking is progressing rapidly and
Tnere has been no rain
cotton is being marketed freely.
during the week. The thermometer has averaged 60, ranging from 42 to 81.
Mobile, Alabama.- Cotton picking is making rapid progYield is better than exress and is nearing completion.
pected in a few sections. It has been dry all the week.
Montgomery, Alabama. The weather has been dry all the
week and favorable for picking and marketing, which are
—
—
—
—
—
—
—
—
—
—
progressing rapidly.
Average thermometer 64, highest 88,
lowest 49.
Selma, Alabama. The weather has been perfect for the
gathering of the crop. Rapid progress has been made with
picking, and in some sections it is nearly completed.
have had no rain the past week. The thermometer has
averaged 62, the highest being 84 and the lowest 41.
Madison, Florida.— No rain all the week.
Picking is
making rapid headway, but the top crop is apparently poor.
The thermometer has averaged 69, ranging from 52 to 84.
Augusta, Georgia.— eacher conditions during the week
have favored cotton. Marketing is rapid. We have had no
rain.
The thermometer has ranged from 39 to 82, averaging 61.
8avannah, Georgia.—There has been no rain the past week.
Average thermometer 66, highest 85, lowest 50.
Charleston, South Carolina. Dry all the week. The thermometer has averaged 66, highest being 84 and lowest 50.
Stateburg, South Carolina.—There has been no rain the
past week. The continued dry weather is bad for cotton;
bolls are drying up instead of opening; it is now too late for
rain to help ootton much; light frost last Saturday. The
thermometer has averaged 64*3, ranging from 41 to 84.
Greenwood, South Carolina.— No rain all the week; ideal
weather; marketing has been checked by the decline in
prices.
The thermometer has ranged from 46 to 80, averaging 63.
Charlotte, North Carolina. The weather conditions prevailing in this section the past week could not have been
better for picking and for the crop.
No rain. Average
thermometer 63, highest 81, lowest 43.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
3 o'clock Oct. 24, 1901, and Oct. 25, 1900.
—
We
Fri.
'°I6
70b
734
7»4
838
8ie
8»8
713, 6
715 16
7%
8%
8»e
8»«
8*«
8i«
T'h
7B8
7»8
8
7 '8
8
8ia
838
Wednet.
8i«
8ifl
83, 6
715 ie
Augusta
Memphis..
St.
rue*.
9>4
Philadelphia
.
ifon.
LXXUI.
[Vol.
W
—
—
Oct. 24, '01.
Ocl 25, '00.
Feet.
Feet.
Mew Orleans...
Above aero
Memphis. ............. .Above zero
Nashville. ....... ......Above zero
Shreveport.... ........Above sero
yioksburg.
Above aero
India Cotton
of
of
of
of
of
gauge.
gauge.
gauge.
gac ge.
gauge.
40
4
2
4-6
1-7
2-7
7-4
21
05
1-9
Movement from all Ports. —The
reoelpta
of ootton at Bombay and the shipments from all India ports
for the wook ending Oct. 24, and for the season from Sept, 1
to Oct. 24 for three years have been as follows:
1901.
Receipts at—
1900.
Since
Wetk.
Week.
Sept. 1.
70,000
9,000
1899.
Since
27,000
3,000
For the Week.
Since
Week.
Sept. 1.
Sept. 1.
11,000
51,000
Since 8cvtembc\
Export*
from—
Great
Britain.
Continent.
Total.
1,000
3.000
12,000
3,000
13,000
Great
Britain.
Oontinent.
Total.
Bombay—
1901
1900
10,000
1899...,.
16,000
50,000
2,000
16,000
60,000
2,000
3,000
5,000
1,000
3.000
5,000
1,000
2.000
1,000
1,000
2.000
1,000
1,000
17.000
15.000
7,000
17,000
16,000
7.000
39,000
71,000
11,000
38.000
82,000
11,000
Calcutta—
1901
1900
189tf
Madras—
1901
1900
1899
411 others—
1901
1900
1899
1,000
1,000
1,000
2,000
1.000
2,000
1,000
5,000
14,000
5,000
15,000
11,000
Total all—
1901
1900
1899
•>>>
1,000
••••-
Alexandria Receipts and Shipments op Cotton.—
Alexandria. Egypt,
October 23.
fteoeipts (cantars*)
1901.
1900
290,000
220,000
771,000
1899.
.
This week
Since Sept. 1...
1,043,000
Thie
week.
8ince
TM$
Sept. 1.
week.
340,000
1,296,000
8ince
Sept.
1.
This
week.
Since
Sept.l.
xports (bales)—
T/o
Liverpool.. .
To Continent!..
TotalEurope
12.000
12,000
35.000 11.000
52,000 5,000
33.000 13.000
29,000 10.000
50,000
44,000
21,0001 87,000 16,000
62,000 23,000
94,000
*
A oancar is 98
t
Of whloh to America In 1901, 5,392 bales; In 1900, 5,282 bales;
pounds.
tu 1899, 4.728 bales.
—
New England Mill Situation. Notices were posted on
Oct. 22 in the Fall River Iron Works Co. Mills of an additional advance in wages of 5 per cent, to take effect on Nov.
This follows closely upon a similar advance which went
4.
into effect Sept. 30. This action of Mr. Borden was followed
immediately by a request of operatives in other mills at Fall
River for a 10-percent increase in wages to take effect Nov.
The Manufacturers' Association will act upon the request
4.
at a meeting to be held to-day.
Mr. Borden followed up his action upon the wage question by offering on Thursday 3 1-16 cents (an advance of l-16c.)
for any amount of regular print cloths which can be delivered
before February.
OCTOBEK
»'«,
THE CHRONICLE.
11)01.
Manohbstbb Market.— Our report received by
cable
quiet
are
Merchants
buying
shirtings.
and
99TJ
for both yarns
sparingly. We give the prices for to-day below and leave
those tor previo us weeks of this and last year for comparison
market
to-night from Manchester states that the
is
.
1900.
1901.
8H l»«. Shirt \Ootfn *«_y*l9
o„ ,,
32$Oop.
ingti CO mmon\ Mid.
TJplds
to Jlnttt.
8p 20
A.
d.
7*8
98»s
08
27 7
Oct. 4 7
•a
••
11 7>4 98»«
18 7^18 98»i8 5
" 26 7»« 98
5
•
B.
98
98
f>8
98
4»u»8
d.
2
m
mi
3
3
d.
1«H
d.
1901.
1
ino-f,
to
s.
10>«!5
93s u I" 1 ! 5
»
10% 5
4* 9>4
481 3a 81^18 •9'g 5
4U9 S3
8*
» 9* 5
common
finest
d.
S.
d.
98 4>*
98 4*
8 98 3
6>«08 m>
6 98
9
9
M\d.
Upldt
d.
« 13
4ll,„s38 n
£mee
Th.ii
6, >-91
4,515
290
848
123
608
148
Tfi*' 2
5 ,264
38
Hoe*.
Thi$
Stnce
week. Sept. 1
1.
2,718
Charleston, &o.
Florida, <feo
to heavy frosts 16th and 19th
late cotton opens slowly; picking
well advanced; yields disappointing in eastern sections, where picking
Sooth Carolina.— General light
damaged late ootton In localities;
tluii-hed.
Georgia. -Bulk of short ootton saved in middle southern counties,
and ploklng continues rapidly In northern seotlons; general yield
unsatisfactory; no top orop.
Florida. -Fine weather for picking cotton, which is well advanced,
and being housed In good condition; crop will be very short.
Alabama.— Frost slightly damaged cotton in a few localities; ootton
picking finished in some fields and will soon be generally completed.
Yield slightly Improved, but still estimated considerably below the
average.
Mississippi.— Cotton about two-thirds ploked. Slight change in the
outlook; practically no top orop. Much ginned and marketed.
Louisiana —Cotton picking is well advanoed and nearing completion in some localities; some young bolls weic injured by frost; yield
generally below the average.
Texas.— Conditions extremely favorable for picking cotton and fall
seeding; little damage from the frost of latter part of preceding week;
bulk of ootton pioked and ginned, and previous estimate of light crop
cod firmed.
Arkansas.— Cotton continues opening; picking progressing rapidly,
and about completed in a few localities; will be generally completed
by Nov. 15. No top orop of cousequenoe.
Tennessee.— Another week of ideal fall weather, and gathering
ootton progressing favorably.
Oklahoma and Indian Territory.— Weather favorable for ootton
plotting, which advanced rapidly during the week; greater portion of
the crop s- cured, with oontinued light yields reported. Frost damaged
lowland ootton some on the 14th.
These reports are summarized as follows:
The weather throughout the cotton belt has been exceptionally
favorable for pioklng cotton, and this work has progressed rapidly,
while bulk of the crop is picked and the yield is below the average.
The frosts which occurred throughout the northern portiou of the
ootton belt damaged some late cotton.
Japanese Cotton Yarn's Rival. Under the above caption the "Japan Weekly Times" in August last had the following:
—
quoted at a considerable price in the Chinese mar-
3.0481
Total
a»8
9»«?S
estimate of crop.
V bile our yarn is
1900.
week. Sept.
6
—
nearly
this
1901.
13,«15
1,708
1900.
4,473 10,843
870 1,870
781
801
....
67i8
1900-1901.— In our editorial columns will be found an article
in which we give the figures from Mr. Ellisons annual
review of the European cotton trade for the season of
1900-1901, as received by us to-day by cable.
Government Weekly Cotton Report. The regular
weekly cotton report as issued by the Climate and Crop
Division of the United States Weather Bureau through the
New Orleans Weather Offioe for the week ending Oct. 22,
and telegraphed to the N. Y. Cotton Exchange, is as follows:
North Oabolina.- Cotton ploklng progressing fairly and nearly
completed In some sections. Soarolty of labor reported; little damage
by frost, but top erop not maturing rapidly; brown bolls lDdloating
rotting; some Injury reported by boll-worms and scab; no Increased
Is
fieceipti to Oct. 85.
Savannah
1«
4^97 11
Ellison's Annual Cotton Review for tee Season of
2
Sea Island Cotton Movement.— We nave received
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (Oct. 86) and since
Sept. 1, 1901, the stocks to-night, and the same items for the
corresponding periods of luoo. are as follows.
Oott'n
-
Twill.
4»ie 9>« *
919
16,0 99i H.42 2 12,713
The exports for the week ending this evening reach a total
of 746 bales, of which 701 bales were to Great Britain, 45
to Bremen, and the amount forwarded to
to France and
Northern mills has been 458 bales. Below are the exports
for the week and since Sept. 1 in 1901 and 1900.
—
Week,
Ending
Oct. 25.
Since Sept.
1,
1901. Xorth'n Millt.
Exporti
from—
Great Fr'nce
Brit'n.
dkc.
Great Fr'nce
Total. Bril'n.
368
368
Savannah...
Charl't'n.&o
Florida, <feo.
New
York..
Boston
Balt.,&0
"308
""25
""'46
701
45
Total
653
ess
""78
"353 "462
""26 '"25
746
Since
Week. Sept.l.
Total.
<tc.
420
1,752
38
25
123
458
1,900
540
"""25
1,140
78J
1,218
809l 1.617
996 2,613
789
646 2,845
20
Quotations Oct. 25 at Savannah. For Georgias extra fine,
16J£c; choice, 17c; fancy, 18^@19c.
Total 1900..
—
Exports of Cotton Goods from Great Britain.— Below
give the exports of cotton yarn, goods, &c, from Great
Britain for the month of September and since October 1 in
1900-01 and 1899-00, as compiled by us from the British Board
It will be noticed that we have reduced
of Trade returns.
we
the
movement
all to
pounds.
YarnA Thread.
total of All.
Cloth.
OOOj omitted.
190001
190001 189940
Lbt.
Yds.
Lbs.
387.487
14,821 22,419
October
November... 11,636 20,997
December... 16.759 18,247
416,632
407.65b
1899-00 1900-01 1899-00
Lbs.
Yds.
476,979
441.7P8
73.867
421,880
77,501
79,208
Lbs.
88,18b
Lbs.
112.410
83.511
80.330
93,843
104,508
98.677
45,216
61,683 1,211,777 1.342,567 230,376 863,832
January
17,193
19,803
482.633
February....
15,878
15,94b
17,140
19,817
426.41b
420.89k
Tot. 2d quar. 48,819
mos
1899-00
Lbs.
89.991
Tot.lst quar
March
1900-01
93,280
276,691
816.195
464,047
439,312
91,756
88,226
108.948
81,068
466,772
79.694
83,619
88,250
95.589
108.028
100.659
108,097
66,790 1.829.944 1,370,131 252,417 259,991
301,231
316,781
482,793 613,826
84,02fc 118.163 2.611.721 2,712,69b
86,711
676,822
632,879
77.486
81,610
73.497
96.174
85.080
94,263
98.240
94,511
87.139
47,039 1.262.161 1,223,435 210,164 232,593
285,79b
879.632
Total 9 mos. 139.683 166,192 3.803,882 3,936,133 722.967 746,119
July
Total 6
April
June
September..
79,56b
429,21-5
79.962
13,612
424,183
388,595
80,643
16,787
15,118
13,901
Tot. 3d quar. 15,631
,..
407,576
16,630
417,480
420,698
16.615
18,412
15,471
477,819
17,361
14,153
16,298
14,323
476,899
112.310
452,999
389,535
386,374
862.620
911,911
90,810
90,35-
88.121
109,282
74,056
107,710
81,087
73.155
100.3b5
101,692
88.209
87,778
owing to Its excellent quality, a powerful rival in the form of the Total 4th qr. 52,091 43,917 1,395,108 1.828.908 266.286 233.632 317,377 277,57'J
Shanghai yarn has begun its career. At present the only Chinese
market where Japanese yarn is reigning supreme Is that of Hankau, Total year... 191,764 2u8.139 5,199,290 6,166,041 98b, 24a 980,051 1,179,997 1,189.160
while its rival is steadily gaining eround in various places in North
1,041
906
China, in Niuohwang especially. At Cbinklang, the Indian yarn has
29,o86
been muoh in demand, bur of late it hits in a manner been replaced by Sundry article
29.303
the Chinese yarn. It Is said that the Shanghai yarn Is not only pretty
Total exports of cotton manufacti
1,210.121 1.219,789
good In quality, but it sells at a comparatively low price, so that when
sufficient Improvements are made.lt may command the ootton yarn
from tbe
The
exported
foregoing shows that there has been
market in China in the not distant future. In short, the Shanghai yarn
United Kingdom during the twelve months 1,210,124,000 lbs.
is now beginning to be the "rage" all over the Celestial Empire, and
the result will be most painfully felt by Japan.
of manufactured cotton, against 1,219,799,000 lbs. last year, or
Consul Miller, who forwarded the above item from Niuoh- a decrease of 9,673,000 lbs.
further matter of interest is the destination of these
wang, August 19, remarks that, " inasmuch as the United
States supplies a large amount of raw cotton for Japan and exports, and we have therefore prepared the following
does not export it to China, this change in the markets for statements, showing the amounts taken by the principal
Japanese cotton yarn is of considerable interest to our cotton oountries during September and since October 1 in each of
the last three years.
exporters."
Egyptian Cotton Crop.— The following report on the EXPORTS OF PIECE GOODS AND YARN8 TO PRINCIPAL 0OONTRIB8 IN
SEPTEMBER AND FROM OCTOBBB 1 TO SI- FT MBER 30.
cotton crop in Egypt was issued by the Alexandria General
Produce Association under date of September 30:
Oct. 1 to Sfp'.SO.
Septcmb. r.
Piece Goods— Yards.
Continual warmth through September has materially assisted the
(000» omitted.)
1900-O1. 1899-00. 1898-89.
18t9.
1901.
1900.
ripening of the orop. There have been noreports of worms. There
have been fogs in several districts, varying in Intensity and duration ast Indies
2,211.121 2.563.771
2,4*1,891
2C5.391 Ib2.529 212.518
in different localities. The 111 effects of them are the more noticeable
745. 11
',t<f.l2r>
886,024
Turkey, Egypt and Afrloa... Hl.nl7 Ha.sls 62,8'
upon later sown crops, and it is evident that they have somewhat Jhlnaand Japan
WHO 16> 693,061
164.066
41,7*6 19.118 63,lbl
29..
Ki3
marred the exoellent prospeots of last month. The llrst picklug com- iurope (except Turkey)
291,718
881,566
21.OS1 21.637 81,887
-iJ
180,£8
637,' 82
2k. 121
menced early at, the time spoken of in our last resume; the results are South America
iu.177 37,>2s
311.647
302.169
287,868
22.860 21.S27 27.721
better than those of 1b st year. The ginning yields promise to be bet- North America
111.399
3;0.1S7
S92.&43
All
31.H-U
29,171
28,oll
other oountries
ter than last year. In Upper Egypt and Fayoutn the llrst pickings
gave a good result, but the seoond pickings will, it Is feared, not be as
1112,800 388.371 116.-65 6,200,389 a. 186.619 5.170.661
Total yards
ket,
A
1
i
<
i
I
good.
Total value
ii.618
Jtl.070
Holland
1.3H
Jermauy
1.1-77
1,786
1,782
0th. Europe (except Turkey
Hast Indies
8,113
8,1 9.J
3,27'J
2.5 b
Texas Weekly Crop Bulletin.—The Weekly Crop BulTexas Section of tne Climate and Crop Service of
the Weather Bureau for the week ending October 21 referred
letin of the
to cotton as follows:
The week has been an ideal one for outdoor work, and ootton ploklng, plowing and the sowing of fall grain progressed rapidly. The
bulk of the ootton orop has been pioked, and the last of the present
month will lied ootton- ploklng praotioally over. Reports still Indicate that little or no t-»p orop is expected, and only in a few instances
will fields justify the seoond picking.
H.212
i56.3ol
*6S
-.17
A19.13U
Yarns— Lbt.
(OOOs omitted.)
China and Japan
turkey and Egypt
All other oountries
Total lbs
Total value..
1.H91
6-0
2,836
l.Sol
1,753
1.252
73,815
1636
2,328
26,018
26.578
32.511
28,161
3.606
2,0-9
3.571
26.4 f
2B.M3
37,305
35.917
17,872
lb,39l
1(5,062
42,103
41.777
21.1S6
26.670
1S.272
175.171
£7,992
222.794
±8,153
8.8b8
2,160
1,361
11.8981 ~l"7.8sb
Jtco:
£886
1^,919
11.727
180,589
£7,834
11.7bfl
THE CHRONICLE.
920
[Vol. LXXIII.
—
Shipping jnkws. Aa shown on a previous page, the
•sports of ootton from the United States the past week have
reached ^S4,84'l Dales. The shipments in detail, as made ap
from mall and telegraphic returns, are as follows:
—
Total balet-
York—To
.New
Liverpool, per steamers Bohemian, 4,816
Celtic, 10,740 upland ann 100 Sea Island
Nomadlo,
8,025 upland and 60 Sea Island
18,241
To Manoh«ster, per steamer C inning, 1,376 upland and
148 Sea Island
1,524
To Havre, per steamer La Bretagne, 1,600 upland and 45
1,645
Be* Island
To Bremen, per steamers Barbarossa, 3,878
Kaiser
WUhelm der Grosser, 321
4,199
To Antwerp, per stea uer Kensington, 200
200
1,625
To Genoa, per steamers Latin, 1,625
500
To Trieste, per steamer Powhatin, 500
Nbw Orleans—To Liverpool -oot 25— Steamer Cuban, 2,450. 2,450
1,592
To Dublin— Oot. 24— Steamer Ramore Head, 1,692
5,W5
To Havre—Oot. 19 -Steamer Gorbea, 5,255
7,000
To Bremen— Oct. 25— 8teamer Waverly, 7,000
300
To Hamburg-Oot. 22— Steamer Pagassarl, 300
600
To Copenhagen -Oot. 22— Steamer Heroules, 60
To Barcelona— Oot. 24— 8tr. Berenguer ol Grande, 7,400... 7,400
Oct. 4
Sales of the
9,971
9,971
6.337
To Havre-Oot. 17— Steamer Santanderlno, 6,337
I1.616
To Bremen— Oct. 19— Steamer Apolo. 11,616
Oot. 21
To Hamburg— Oot. 18-Sceamer Arcadia, 8,687
— Steamer
Lesreaulx, l.l9t
4,881
ToRotterdam Oot. 18-Steamer Mab, 1,099
1,099
10,049
To Genoa— Oot. 23— Steamer Sicllla, 10.048
10,646
Mobile—To Liverpool— Oct. 24— Steamer Horsley, 10.646
JPbksaoola—To Bremen Oot. 23— Steamer Glanton, 6.H63.... 6,863
1,300
To Genoa— Oot. 21— Steamer Cobetas, 1,300
Savannah—To Liverpool -Oot. 23— Steamer Claudius. 8,672
upland and 10 Sea Island.... Oot. 24— Steamer Honiton,
Amonnt
153,000
21,000
10,000
70,000
63,000
afloat
Of which Amerloan
,
43000
30,000
2,700
2.300
2,200
33,000
3,000
57,000
138,000
83,000
28,000
22,000
400
23.000
:j,ooo
57,000
1 52,000
91,000
78,000
63,000
295,000
209,000
200,000
178,000,
The tone of the Liverpool market for spots and futurea
eaoh day of the week ending Oct. 25 and the daily dosing
prices of spot ootton, have been as follows.
BaCday. Monday. Tuesday. Weekday. Thurtrt'y Friday.
Spot.
Market,
)
12 30 p.m.
Firm.
Quiet.
Easier.
427 3a
425 32
5,000
7,000
6,000
6,000
6,000
5,000
000
500
500
500
500
300
Quiet.
Quiet
Quiet.
\
«ld.Upl'dB.
tyeo.
Aexp.
4%
4%
4"l8
Future*.
Market
opened.
Market,
4 P. m.
)
Easy at
decline.
J
Steady at
I
2@«H
pts.
advance.
1
Easy at
Easy at Steadv at
decline.
2-64 decline.
64® 3-64 2-64® 3-64
2
Easy at
4@H
ptS.
decline.
2 61 advance.
Irreg. at
1-64UV-04
Steady.
decline.
Easy at Steady at Quiet at Quiet at
pt».
pts.
H®a
1
advance.
The prices of futures at Liverpool
pt. dec.
H®1K
deoline.
K
pt.
dee.
for eaoh
day are given
Prioes are on the basis of Uplands.
clause, unless otherwise stated.
Good Ordinary
below,
Sat.
19
Oet.
121*
1
P.M. P.M.
21,129
Bteamer Olaverley. 8,534
22O0O0
Of which Amerloan— Est'd
import of the week
Of whleh American
rotal
9,828
1,000
To Antwerp— Oot. 22 Steamer Claverly, 1 .000
To Barcelona -Oct. 21— Steamer Clt a di Messina, 5,150... 5,150
Steamer
di
Messina,
304.
301
Citta
To Trieste- Oot 21—
Brunswick—To Liverpool— Oot. 19— Str. Oayo Mono, 6 966... 6 966
Charleston—To Liverpool— Oot. 19— Bteamer Linwood, 5,513 5,513
6,325
To Barcelona -Oot. 18—Steamer Axmtnster, 6,325
Wilmington—To Liverpool -Oot. 21- Steamer Skidby, 12,897 12,887
8,926
To Cork-Oot. 18-8teamer Ethelaida, 8,926
11,909
To Bremen— Oct. 18 -Steamer Haxby, 11,909
Norfolk— To Liverpool— Oct. 18— Steamer Rapidan (addi-
4,000
55,000
Total stock - Estimated
Oct. 25.
Oct. 18.
83,000
2,800
6,100
68,000
8,000
67,000
170,000
109,000
19.000
14,000
118,000
103,000
61, OOO
Forwarded
15,762
7,080
To Manchester— Oot. 19—Steamer 8emantha, 9,478 upland
and 350 Sea Island
Oot. 22To Bremen -Oot. 18— Steamer Jupiter, 12,545
71,000
1,900
3,400
bales.
Aotnal export.....
»
300
To Vera Cruz -Oot 22— Steamer Atlas. 300
galvrston—To Liverpool— Oot. 17— Steamer American, 19,758
Oot. 19-Steamer Navigator. 4,956
Oct. 21— Steamer
Musician. 12 634. ..Oot. 23— Steamer Adalla. 7,820
45,168
To Manchester— Oct. 16 -Steamer Teodora do Larrlnaga,
week
Of which exporters took..
Of which speculators took
Jales Amerloan
11
Oct.
TOon,
Tuee.
Oct. 21.
Oct. 22.
Wed. Than.
Oct.
23
Frl.
24
Oct.
4 12>« 4 12% 4 12i« 4
M. P. M. P.M. P.M, P.M. P.M. P.M. P.M.
Oct. 25.
12ifl
12%
P.
r.
m.
4
p.
m.
r
Newport News—To
-Str.
. .
4
8,017
July-Aug... 4
Aug. -Sept...
5,399;
Ivernia, 2,618
Baltimore— To Liverpool— Oot. 18
Moh -Apr
.
doah, 1,455
BOSTON—To Liverpool— Oot. 18— Steamers Irishman,
Feb.-Moh.... 4
1,455
23— Steamer Shenan-
Liverpool -Oot.
4
4
... 4
Deo. -Jan.... 4
Jan. -Feb
4
Ootober
Oot.-Nov
Nov. -Deo
April-May... 4
May- 1 une. 4
June-July... 4
1,236
tional). 1.236
d.
d.
36
27
23
22
22
20
20
20
19
19
19
d
d.
4 35
4 26
4 23
4 22
4 32 4
4 23 4
4 20 4
4 19 4
4 21 4 18 4
d.
27 4 30
21 4 22
17 4 19
16 4 17
16 4 17
20 418 4 15 4
20 4 18 4 15 4
20 4 18 4 15 4
19 1 18 4 15 4
4 19 4 17 4 15 4
4 19 4 17 4 15 4
4
4
4
4
d.
d.
d.
d.
d.
d.
d
4 30 4 33 431 4 30 4 30 4 31 4 29
4 21 4 23 4 21 4 20 120 4 21 4 21
4 18 4 20 4 17 4 17 4 16 4 17 4 16
4 17 4
4 16 4
16 4 16 4
16 4 16 4
164 15 4
16 4 15
15 4 15
15 4 15 4
19 4 16 4 15 4
18 4 15 4 15 4
18415 4 14 4
18 4 15 4 14 4
17 4 14 4 14 4
4 14 4 14 4
4 14 4 13|4
17 4 14 413 4
If.
4 16 4 15
115 4 14
4 15 4 14
114 4 13
4 14 4 13
4 13 4 13
4 13 4 12
12 4 12 4 12
14
14
14
13
13
13
....1 ....
Rowanmore, 5,741
upland and 25 Sea Island
To Bremen-Oot. 2i— 8teamer Oldenburg, 1,213
Philadelphia—To Liverpool— Oot. 18—Str. Belgenland. 20o..
Ban Francisoo-To Japan— Oct. 23— Str. America Mara, 500.
5.766
1,213
200
500
Jute Butts, Bagging,
&c— The
market for jute bagging
week under review, but
has been quiet during the
prices are
unchanged at 5%c. for \% lbs. and 63. for 2 lbs., standard
Total
284,846 grades, Car lots of standard brands are quoted at 5>g@63^c,
The partioulars of the foregoing shipments, arranged in f. 0. b., according to quality. Jute butts dull and featureless at l\£@\.%<s. for paper quality and 2%@2^c, for bagging
our usual form, are as follows.
0rtat French
Qer-
.
portt.
Ac.
•
600 7.400
4,042 5,255 7,300
Galveston. 55,139 6,337 16,497
10,646
Mobile
Pensacoia.
6i863
21,129
Savannah. 25",590
Brunswick 6.968
Charleston 5,513
11,909
Wilmingt'n 21,813
Norfolk... 1,236
1,455
N'p't News
Boston
8,017
1,213
Baltimore. 6,766
N. Orleans
Phil'delp'a
quality.
-Oth.E'rope-* Mexico,
many. North. South.
200 2,125
Now York. 19,765 1,645 4.199
Brit'n.
1.099 10,048
.""."."."
1,000
'.".""
il300
5,454
6,325
••
300
*•
......
• *.*.•
. .....
••
«..••
•«b
......
......
Japan
>>••••
Total.
24,8«7
•••>
0*7
••••••
••>....
10.646
Of lOO
*...
OtffX
>
1
>
%i
D|JOD
•.••
-..«
00, 722
•
......
1
l
f
ouO
l f 236
l^Oj
8,017
6,979
200
500
500
Total.— 166,148 13,237 69,110 2,999 32,652
300
500 284,846
Exports to Japan since Sept. 1 have been 7,085 bales from
the Pacific Coast,
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, 6tc.
Jupiter, steamer iSpai.), from Savannah for Bremen, got aground In
making a turn in the ohaunel above Savanaah, Oot. 20. She has
a large cargo, Including 12,545 bales of ootton.
Cotton freights at
as follows.
New York
tfatwr.
Liverppool
Havre
Bremen
Hamburg
Amsterdam
Hon.
17i«
e.
15
17
c,
20® 25
21925
e,
e.
the past week have bees
fuas.
Wtdntt.
Ihun.
15
15
e
28
28
28
22%
22%
22%
Antwerp..... ....0.
Ghent, v.Antw'p.e.
Reval, v.Br-Hame,
15
15
15
28
30
15
21i*
21i*
2 H«
21>s
82
27
32
32
27
32
32
27
32
82
Do
Do
v. Hull... t.
v. Canal.. e
Genoa
e
20925
20925
Trieste
c
28
28
Quotations are cents per 100
lbs.
27
82
15
28
20
15
28
20
15
2m
211*
32
27
32
32
27
32
20925 20925 20925 20925
28
28
28
An
Friday. Oct.
25, 1901,
up-turn to prices for the grain has had a strengthening
influence on the market for wheat flour and prices have ad
vanced, with spring patents at 53 85@3 95 for country and
standard brands. The volume of business transacted, however, has been limited, as at the higher prices buyers have
been disposed to hold back. The output of flour at Minneapolis the past week was reported as 401.590 bbls, exceeding
all previous records by 15.000 bbls.
Rye flour has had a
moderate jobbing sale at steady prices. Buckwheat fl mr
has had a limited sale at about steady prices. Corn meal has
been firmly held, but demand has been very moderate.
Speculation in wheat for future delivery has been fairly
Early in the week prices weakened slightly under
active.
the influence of more favorable reports from Argentine of
the prospects for the growing crop, a large increase in the
vissible supply, large world's exports, favorable conditions
in the Northwest and predictions of a freer movement of the
spring-wheat crop. Subsequently, however, the market turned
stronger and prices advanced, the improvement being most
pronounced in the spot market. There was a revival of the
talk of unfavorable prospects for the Argentine crop, due to
drought. The movement of the crop also bad its influence
in favor of the market, inasmuch as the receipts of both
spring and winter wheat were slightly under tbe expectaAccording to some reports, however, the
tions of many.
movement of the crop in the Northwest was retarded to some
extent by the lack of freight cars
Advices from the winter-wheat belt report that the crop, as a rule, was doing well.
A fair amount of business has been transacted in the spot
markets, exporters being buyers, and prices have advanced.
To-day there was a firmer market on firmer European cables,
crop damage reports from Argentine and an active export
demand. The spot markets were active and higher, exporters being free buyers here and at outports, taking about
800,000 bushels.
DAILT GLOBING PRI0B8 OF NO. 3 BSD WINTER IN
YORK.
'
21925 21925 21925 21925
17i«-20 17%-20 17% 20
17%
17%
17%
19920 19 920 19920 19920 19920 19920
c.
Rotterdam
•
" yj
•...*
200
San Fran...
BREADSTUFFS.
^/jVJ»>4
28
or fractions of a penny per lb.
Liverpool.— By cable from Liverpool we have the following statement of the week's sales, stocks, Ac, at that port,
NEW
Gash wheat
f.
o.
b
Oot. delivery In elev
Deo. deuvery In. elev
May delivery in ele t
8at.
Mon.
Tuet.
Wed.
78%
75%
774
784
78%
75%
76%
79%
79%
75%
76%
79%
80
75
76%
79%
Thurt.
Fri.
80%
80%
76%
77%
80%
76
77%
79%
October
THE CHRONICLE.
26, 1901.
UA1LT ULOBIHO PaiOBB OF HO. » BfRMQ IB CHICAGO.
Wed.
Tkurt.
Tues.
Sat.
Hon.
70
70
69%
69 5a
69 N
Oot. delivery In elev
70i*
71
70»«
71
70 7B
Deo. delivery In elev
r>*
70<>b
71«b
74' 4
74%
75
73%
73^
May delivery In eiev
During
the
first
half
quiet.
been
have
futures
Indian corn
of the week prices showed a tendency to eag under favorable
weather for the curing of the crop, a fairly full movement
of the crop and a very moderate demand. On Wednesday,
however, the market turned stronger. Reports of damage
to the crop in Argentine by drought were received. Advices
from the interior reported that there was active buying in
the spot markets, and there also were vague rumors of a
74>4
large export business transacted at interior points. Thursday the upward tendency to prices continued. There was an
absence of selling pressure and country cfferings were reported as light. To-day there was a firmer market, in sympathy with the advance in wheat and a limited crop move-
ment.
NKW
YORK.
DAILT OLOSQfO PRICKS OF NO. 2 MIXED CORN I"
Wed. Tkurt.
Fr\
rue*.
Sat.
Hon.
t;*7„
63%
til d
b23g
61
Cash corn I. o. b
61%
62%
60%
61%
61%
00%
61%
Oct. deUvery In elev
6i%
62
61
61%
62%
61%
Deo. delivery lu elev
62
62 78
t3%
62
62%
May delivery in elev
62%
DAILT GLOBING PRICKS OF NO. 2 MIXED CORN IN CHICAGO.
Srx
TKurt.
Hon.
Tuts.
Wed.
Sat.
5.S%
54
....
55%
54%
54%
Oot delivery In elev
S6 7c
56%
56>4
55%
55%
56%
Deo. delivery In elev
59
58%
58%
57%
58%
58%
May dell very In elev
]
Oats for future delivery at the Western market have received only a limited amount of attention. Fluctuations in
prices have been narrow; the undertone has held steady
and the net changes in values for the week are unimportant.
The spot markets, both locally and the interior, have been
firm. There has been a good general demand and prices
have gradually hardened. To-day there was a firmer market, with limited offerings.
NEW YORK.
DAILT CLOSING PBI0H8 OF OATH IN
Sat.
Tut*.
Hon.
Wed.
fri
Thurs.
41
41
41%
40%
40%
43
43
42%
43%
42%
DAILT GLOBING PRICKS OF NO 2 MIXKD OATS IK CHICAGO.
40%
42%
No. 2 mixed In elev
Ho. 2 white In elev
Hon.
Sat.
Tuet.
Wed.
Thur$.
Pr*.
35
35
35%
34%
34%
34%
35%
35%
36%
35%
35%
35%
37^4
38%
37%
37%
37%
37%
Rye and barley have been quiet and without important
Oot
delivery In elev
Deo. delivery In elev....
May delivery In elev
changes.
Following are the closing quotations:
FLOUR.
.„. ... ..»2 25
Sapcrttoe
.. 2 45
Extra, No i . t .. 2 55
Extra, Ko. 1 , .. 2 70
Clears..., #0^,. « 2 90
Fine..
Btralflhte,....
Patent, eprlEtf
(Wheat
flou.
..
3
„
3
—
02 65
02 80
03 25
35 ©3 70
65 04 45
Patent, winter.... *3
City mills, patent. 3
Ryenour.Bupernne 2
Buckwheat floor.. 1
©3
©4
©3
Cl
50
80
80
70
Corn meal—
Brandywlne
....
90
40
55
90
©3 10
3 00
Western, etc
GRAUI.
Corn, per bush.—
Western mixed...
81%©83%
76%o78%
No. 2 mixed......
8
Western yellow..
77% 80%
76 ©77%
Western white...
40%943
Bye, per bush42%»47%
western.....
State and Jersey.
41%»42%
Barley—Western. .
43%©44%
0.
HardDaluth,Kjl
N'thern Dal., Ko.l
Red winter, No. 2
Hard N. Y. No. 2.
Oato-Mlx'd.p.bush.
White ...••• .......
No. 2 mixed
No. 2 white.
32 60
3 20
:ks sells at prloes below those for barrels.)
1
Wheat, per boon
02 35
o.
e.
Feeding
.61
e.
others there is some irregularity, but no more tban a week
Satinets are generally scarce.
There has been no
ago.
change in the market for overcoatiDgs or cloakings. Staple
dress goods are in fair demand, but fancies are slow outside
of thin fabrics.
—
Domestic Cotton (jtoodb. The exports of cotton goods
from this port for the week ending Oct. 21 were 5,
packages, valued at 1828.129, their destination being to the
points specified In the tables below:
1901.
Nkw York
.55%058%
©60
©64
©55
.87
.57
.50
York, Friday, P. M., Oct 25, 1901.
any new movement of special import-
In the absence of
ance in the market here this week, the developments at Fall
River have been the feature of greatest interest. Mr. Borden has announced a further advance of 5 per cent in the
wages of his print cloth mill operatives, to go into effect.Nov.
The Fall River
4, making 10 per cent within a few weeks.
operatives employed in other mills have demanded an advance of 10 per cent on their present scale, which it is generally be ieved the manufacturers will refuse to concede.
Mr. Borden asserts that business conditions jusi if y his action; the other manufacturers maintain they do not, and
that the wage advances have been made as part of a speculative effort in print clothe. However that may be, it is certain that the Fall River situation is much unsettled, with in
dications at the close pointing to a strike on the part of the
help outside of Borden's mill. Tne tone of the market here
has not undergone any change, prices remaining firm in
face of a lower market for raw cotton and a general demand
of moderate proportions.
Woolem Goods.— Sellers have
evidently made up their
minds in quarters where business in spring weights of men's
wear woolens and worsteds has not been satisfactory, that it
is little use trying to force matters just now.
Buyera are ttill
in an indifferent mood in spite of the reports of a first-cla^s
fall trade in made-up garments and good prospects for the
sprit g season. The demand this week has again been on
quite a limited scale, with little attention paid to other than
reputable lines of staple variety, and to a few semi- staple
fancies.
The price situation is without change. Well-sold
lines in clays, serges, cheviots, rough-faced fancies and one
or two lines of high-priced fancy worsteds are all firm. In
Keck. BinceJan. 1
I
42
10
3,897
1,258
81,120
5.274
87.196
8,364
19.377
1,630
5,557
44,62*
8,524
afrloa
West Indies
Mexloo
Central Amerloa.
Booth Amerloa..,
OtherUoantrlea.
1,928
744
105
1,370
140,462
11,034
25,441
3,596
23.926
2,589
9,661
36,503
7,465
2,208
2C3 975
450
f9
686
112
216.826
5,232
Total
The value of the New York exports for the year to date
hss been $9,349,054 in 1901, against $11,76*063 in 1900.
Exporters have done little in brown cottons tnis week, but
the home demand, although moderate, has been enough to
keep supplies well sold up. Prices are firm and in a few
directions slightly higher than a week ago. In fine grey
cloths the market is against buyers. Ducks are firm with an
advancing tendency. Sales of bleached cottons at the advances noted last week have been moderate, but a fair business has been done in other lines, for which prices remain unWide sheetings are generally scarce and firm.
changed.
Denims are in limited supply in any quarter and leading
makes are sold ahead. Ticks are firm but quiet. Plaids,
checks and stripes and other coarse, colored cottons also
firm. There has been a demand for staple prints for spring
but few sellers are willing to make contracts in the present
condition of the print cloth market. Fancy calicoes are very
Staple and fancy ginghams are all in a strong position
firm.
and difficult to buy. Regular print cloths have advanced to
3 l-16c. on buying by M. C. D. Borden. Narrow odds are
firm but not quotably higher, while wide odds have advanced
l-16c. per yard
Foreign Dry Goods.— A fair business has been reported
Ribbons also firm. Dress goods are
in silks at firm prices.
Linens, with a quiet dequiet, but steady, in fine novelties.
mand, are unchanged in prices. Burlaps continue dull and
irregular.
Importations and Warehouse Withdrawals ot Dry Goods*
The importations and warehouse withdrawals of dry gooda
at this port for the week ending Oc»\ 24, 1901, and since
January 1, 1901, and for the corresponding periods of last
year are as follows:
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1900.
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Great Britain....,
Other European.
China
India
Arabia
Per ether tables usually riven here see vase 8S3.
THE DRY GOODS TRADE.
to Oct.
Week. Since Jan.
©63%
.61%963%
.63%»65%
.63%»65%
921
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V
s
THE CHRONICLE.
<>22
St/ite
awd City Uttfivrmwr*
Vol. LXXIII.
Lexington Township, Lafayette County, Mo.— Bond Call.
Thornton, County Clerk, has called for payment
Nov. 1, at the office of the County Treasurer, 5g bonds Nos.
20 and 21, issued July 23, 1890. Securities are in denomina-
— Frank
tion of $1,000.
TERMS OF SUBSCRIPTION.
The Investors' Supplement will be furnished without
extra charge to every annual subscriber of theCoiiMER CIA.L
and Financial Chronicle.
The State and City Supplement
R
H. Brown, Chairman of
Macon, tta.— Bonds Canceled.—
the Bond Commission, has purchased for redemption $21,000
6£ funded debt bonds which do not mature until Jan. 1, 1910.
Mnltnomah Connty, Oregon.— Warrant Call.— Thomas
Scott Brooke, County Treasurer, has called for payment
county warrants Class "C" drawn upon the road fund that
were presented and indorsed ''Not paid for want of funds"
from July «, 1900, to July 11, 1900, both dates inclusive.
Ohio Township, Ness Connty, Kan.— Bond Call —J. Coryell, Township Treasurer, has called for payment November
30 at the National City Bank of New York City, $16,000
bonds, issued June 1, 1887, in aid of the Denver Memphis
Atlantic Railroad. Securities called are in denomination of
will also be furnished
without extra charge to every su bsoriber of the Chroncile.
The Street Railway Supplement will likewise be furnished without extra charge to every subscriber of the
Chronicle.
&
The Quotation Supplement, issued monthly, will also be
furnished without extra charge to every subscriber of the
$500.
Chronicle.
Sni-a-Bar Township, Lafayette Connty, Mo.— Bond Call.—
Supplements
four
TERMS for the Chronicle with the
Bonds
Nos. 10 and 11, issued July 23, 1890, each for 81,000,
above named are Ten Dollars per year within the United bave been called for payment Nov. 1, 1901, at the office of
cases
both
States and Thirteen Dollars in Europe, which in
the County Treasurer.
includes postage.
Washington.— Warrant Call.— The State Treasurer calls
for payment October 28 outstanding general fund warrants
Terms of Advertising— (Per Inch Space.)
Nos. 79,135 to 79,694, inclusive. The amount of the call is
Transient matter (each tlme)$4 20 Three Months (13tlmes).$2900 $116,487 85.
(26 times). 5000
STANDING BD8INE88 OABDS.
Six Months
Wheeling, W. Va Bond Call.— The Commissioners of
Two Months (8 times)
$22 00 TwelveMonths(52tlmes). 8700 the Loan of 1881 have called for payment November 1 at the
Bank of the Ohio Valley, Wheeling, the following bonds
—
:
Cedar Rapids, Iowa. Litigation.— We are advised that
an ordinance passed by the City Council authorizing the
issuance of 1-10 year (serial) 6% bonds for the construction of
a sewer Bystem has been attacked on the ground that the
city is already indebted to the 5# limit allowed by the Constitution, arid that the bonds are not such a special obligation of the city as might be exempted from this 5% limitation.
The case was argued in the lower court and a decision rendered favorable to the bonds. An appeal has been
taken to the Supreme Court of Iowa.
The contract for the sewers has been given out and the
work partially completed, the idea being to form a sewer
distriot of the entire city and to levy a tax on all the real
property in the city for the payment of the bonds, the amount
of which issue will be about $100,000.
Chillicothe, Mo.— Bond Issue Enjoined.— We are advised
that an order has been made by the Circuit Court prohibiting
electric- light bonds
this city from- issuing the $25,000
awarded on June 6 to the Mississippi Valley Trust Co. of St.
Louis on the ground that the city had not conformed with
the Australian ballot law in voting the bonds. Another election will be called at once, and if favorable to the bonds
they will again be offered for sale.
Temporary Injunction, A temporary
Greenville, N.
injunction has been granted preventing the delivery of the
$75,000 5£ improvement bonds, the sale of which was recorded in the Chronicle Sept. 21.
The State Supreme Court on
Illinois. Tax Decision.
October 24 affirmed the judgment of the Circuit Court of
Sangamon Court in what is known as the Chicago Teachers'
tax case. The suit was brought by th6 Chicago Teachers'
Federation, and asked for a writ of mandamus to compel the
State Board of Equalization to assess tbe capital stock, including franchises, of some twenty Chicago corporations, the fair
cash value of whose capital stock, including franchises, over
and above the value of their tangible property is alleged to
aggregate 235 millions of dollars. It was asserted that these
corporations have hitherto escaped taxation by the board.
The Court held that the board, in assessing corporations,
does not act as a board of review, but as an original assessor,
and that the performance of its duty to assess the fair cash
value of capital stock, including franchises, over and above
the value of tangible property, may be enforced by mandamus. Instead of making a proper assessment, the Court
stated that the board arbitrarily and willfully failed to follow a proper and long-established rule in force in this State
for making such assessments, by refusing to take into consideration, in making such assessments, the bonded indebtedness of the corporations. It also disregarded, the Court
argues, all other rules for the making of such assessments,
and for the purpose of evading its duty sought to pass new
rules for its government in making the valuations and assessment, and refused to consider the information then before it, furnished by the assessors, as provided by statute,
and assessed the capital stock and franchises of the corporations at a nominal sum instead of at the fair cash value.
The corporations involved in the decision include traction,
gas and electric companies in the city of Chicago, and it is
said that the decision applies equally well to railroad and
other corporations throughout the State.
Oregon.— Constitutional Amendment.— In June, 1902, at
the general election an amendment to the State Constitution
designated as "Initiative and Referendum Amendment" will
be submitted to the voters of this State.
H
—
C—
—
Bonds of $100 each— Nos
62, 141. 168, 202. 232, 802. 804, 847, 331. 387, 896, 409,
441, 467, 470, 478, 616. 540, 577, 581, 594, 609, 614, 663, t88, 689 and 607.
Bonds of $500 each— Nos. 753, 766, 795 and 824.
Bonds of
$1,000
each-Nos.
835, 867
and 860.
Bond Proposals and Negotiations
this
week have been as follows
Adrian, Mich.— Bond Sate.— This
:
city has sold as 3 per
cents to local banks the $45,000 paving and the $5,000 sewer
bonds mentioned in the Chronicle June 29, 1901.
Alton
(III.)
School District.— Bonds Voted.— The election
held October 15 resulted in favor of issuing $50,000 highschool-building bonds.
Anbnrn, N. Y.—No Bridge Bonds to be Issued.— It has
been stated in one of the papers that this city has voted to
issue $11,000 bridge bonds. In reply to our inquiries, we are
advised by the City Treasurer that it has been "decided not
to build a bridge."
Baraboo, Wis.— Bond Election.—At the general election
November 5 the question of issuing $60,000 water-works
bonds will be submitted to the voters.
are advised that
Beaver Connty, Ohla.— Bond Sale.—
this county has sold $31,000 refunding bonds.
Billings, Mont.— Bond Sale.—On October] 15 the $32,000
10 20-year (optional) city-hall bonds were sold at public
Co., Chicago, at 102*58 for 4*^ per
auction to N. W. Harris
cents. This is on an interest basis of about 4 182* if bonds
are called at their optional date and 4 306£ if allowed to run
their full time. There was only one other bidder for the
Trust Co. of Helena, which instibonds, the Union Bank
tution bid within $5 of the Chicago firm. Three bids
were also received by mail, but were not considered, as
they failed to comply with the requirements of the adSons,
W. J. Hayes
vertisement. They were as follows
Mayer, CinCleveland, par for 4% P er cents; Seasongood
cinnati, a premium of $540 16 for 5 per cents, and S. A. Kean
For deof Chicago, a premium of $41 60 for 5 per cents.
We
&
,
&
:
&
&
scription of bonds see Chronicle Aug. 31, p. 459.
Bond Hill, Ohio.— Amount of Bonds Awarded.— The
amount of road bonds awarded on October 14 to Seasongood
Mayer, Cincinnati, at 101 was $26,626 10, instead ot
$2,662 61, as at first reported. Bonds carry 5% interest and
mature one-tenth yearly.
Bradford, Ohio.— Bond Offering.—Proposals will be received until 12 M., October 80, by O. B. Altvater, Corporation Clerk, for $10,000 5% water- works bonds. Securities are
Interest will
in denomination of $500, dated Sept. 1, 1901.
be payable semi-annually at the office of the Village Treasurer. Principal will mature $500 yearly on March 1 from
1913 to 1932, inclusive. Securities are issued in pursuance
of sections 2835, 2836 and 2837 of the Revised Statutes of
Accrued interest is to be paid by purchasers.
Ohio.
certified national bank check for $500, payable to the Village
Treasurer, must accompany proposals. Lithographed blank
bonds are to be furnished by the successful bidders.
Brule Connty (P. 0. Chamberlain), S. Dak.—Bond ElecAt the November election the question of issuing
tion.
$20,000 4£ bonds will be voted upon.
Calais, Me.— -Bond Sale.— This city has sold to E. C. Stan25 year refundCo., Boston, an issue of $100,OJO
wood
ing bonds at 113-02.
Caldwell, Ohio.— Bond Offering.— Proposals will be received until 12 m November 12, by Cyrus McGlasban, Village Clerk, for $5,000 5% electric light- plant-improvement
bonds. Securities are in denomination of $500, dated Nov.
Interest will be payable semi-annually. Princi15, 1901.
pal will mature $1,000 on Nov. 15, 1906, and $500 yearly on
November 15 from 1907 to 1915, inclusive, except in the year
De Soto, Mo. Bond Call, Interest ceased on October 15 1912, when no bonds will mature. The authority for the
on 6* bonds Nos. 1 to 31, inclusive, each $100, dated Oct. issuance of these bonds will be found in sections 2835, 2836
1,1888.
and 2837, Revised Statutes of Ohio.
Bond Calls and Redemptions.
—
.
&
A
—
H
&
,
OCTOBER
THE CHRONICLE.
26, 1901.
Cass Count)', Iowa.— Bond Election.— On November 5 this
county will vote on the question of issuing $12,000 4% 5-year
(optional) gold jail bonds.
Central City, Gilpin County, Colo. -Bond Sale— On Oct.
15 the $30,000 4%% 10-15-year (optional) coupon refunding
water bonds were awarded to the Rocky Mountain National
bid of par was also received
Bank of Central City at par.
Sons, Cleveland. For description of
from W. J. Hayes
bonds see Chronicle Oct. 12, p. 802.
Ceylou School District No. 20, Martin County, Minn.—
Bond Offering,— Proposals will be received until 8 r. M.,
October 81, by the Board of Trustees, John Andrews. Clerk,
certified check for
for $3,000 5% 15-year school bonds.
5300, payable to the District Treasurer, must accompany
proposals. The successful bidder will be required to furnish
&
A
A
blank bonds.
Charlotte, Mich.— Bonds Authorized,— The City Council
has authorized the issuance of $20,000 4% 14 17- year (serial)
water bonds, to be dated Nov. 1, 1901.
Chelsea, Mass.— Bonds Authorized,— The Board of Aldermen has authorized the City Treasurer to issue $178,000
school bonds.
Cincinnati, Ohio.— Bond Sale.- On October 18 the $35,000
%%% 10- year street- improvement bonds were awarded to the
German National Bank, Cincinnati, at 101*54 an interest
basis of about 3 318£. Following are the bids :
German National Bank, ClnAtlas Nut. Banki
)
cinnati
185.638 00 Western German
in B'k.VCln.. $36,400 00
<oasouKOod & Mayer, Clncln. 36,5£5 CO K. Kleybolto & Co
)
—
r
UTS
Erath County, Texas.— Bond Sale.— We are advised that
the $10,000 refunding ccurt-house and jail bonds mentioned
in the Chronicle Oct. 12 have been taken by the Erath
County Permanent School Fund. Securities bear 5* interest, are in denomination of $500, and will mature in 19M,
Eureka, Cal.— Bond Eltction.— An election will be held
November 20 to vote on tbe question of ifsuing $125,000
water, $30,0( school- building ami $*-0 000 newer bouds.
Fair Oaks School District, Sacramento ( ouuty, Cal.—
are adviwtd tbat tbe $.r),'jlMi 5jf bonds
Bonds Authorized.
of this district recently voted will probably be offered for
— We
December.
They
will be in denomination of $690,
Interest will be payable annually in gold
Principal will mature one
at the County Treasurer's office.
bond yearly on Jan. 1 from 1908 to 1W17, inclusive.
sale in
dated Jan.
1,
1902.
a&—
Election Not Iltld.—We are advised
Floyd County,
that the election which was to have been held on October 10
was "called off, and that the question of issuing the $70,000
4% funding bonds has been postponed for the time being.
is.— Bonds Authorized. — Tbe City Council
Fond du Lac,
has authorized a loan of $15,000, at not exceeding 5%, for the
purchase of grounds for septic sewer tanks, beds and pumping station, and also the issuance of $40,000 %%% 20- year
bonds for the erection of the plant.
Fort Scott, Kan.— Bonds Voted.— The election October 8
resulted in favor of issuing $10,000 bonds for the purpose of
prospecting for natural gas near the city.
-
'
W
Foster Township,
McEean County, Pa.—Bond
Sale.
— We
are advised that the $4,000 6% bonds offered for sale on Sept.
For description of bonds see Chronicle Sept. 21, p. 628.
30 have been awarded to parties not named at 106' 20. For
Cleburne, Texas.—Bonds Defeated.—On October 8 the description of bonds see Chronicle Sept. 21, p. 628.
citizens of this place voted not to issue the $8,000 streetFremont, Ohio. Bonds Authorized.—The City Counci
mprovement and the $5,000 school bonds which had been has authorized the issuance of $16,050 bonds.
iunder consideration.
Fullerton, Nance Connty, Neb. Bond Offering.— PropoCoatesville (Pa.) School District.— Optional Payment of sals will be received until 8 P M., October 29, for $6,000 5;;
Bonds.— The $30,000 3%i bonds advertised in last week's 10-20-year (optional) water-extension bonds. Securities are
dated Oct. 1, 1901, and carry interest payable annually.
Chronicle and again in the current issue will mature Oct. 1,
Gallitzin, Cambria County, Pa.—Bond Offering.— H. G.
1931, subject to call $1,000 yearly on and after Oot. 1, 1902. Ehrenfeld, Borough Clerk, will receive proposals at any
The original advertisement did not limit the amount of bonds time for $20,000 sewer, paving and grading bonds, authorof 133 for to 104 against, at an election held
which could be called yearly. Proposals. for these bonds will ized by a vote
Proposals are asked for bonds in denominaSept. 17, 1901.
be received until 12 m., Nov. 16,^1901, by Wm. H. Gibbons, tion of $100, and maturing as per the following propositions :
President of the School Board.
First— Bonds subject to call $5,000 in 10 years, and a like amount in 15, in 20
I
Cohoes,
N Y.— Bond
Offering.— Miller Hay, City Chamber
at public auction at 12 m., Nov. 6, $10,685 09
V/%% improvement bonds. Securities are issued under the
authority of Chapter 227, Laws of 1898.
They are dated
Nov. 1, 1901. Interest will be payable semi-annually on January 1 and July 1 at the Central Trust Co., New York City.
Principal will mature yearly on Nov. 1, $2,671 28 in 1902 and
$2,671 27 in each of the years 1903, 1904 and 1905.
lain, will sell
Colfax County, Neb.— Bond Sale.— The State Permanent
School Fund has purchased $49,000 %%% 10-year bonds of this
county.
Colorado Springs, Colo.— Bonds Proposed.— The City
Council is considering an ordinance providing for the issuance of $69,000 4% 10 15 year (optional) gold water bonds.
Under the ordinance the securities will be dated Nov. 1, 1901,
and the interest will be payable semi-annually at the office
of the City Treasurer or at the Cnemical National Bank of
New York
City.
Davidson Connty (P. O. Nashville), Tenn.— Bond Offering. The date until which proposals will be received for the
$250,000 V/
2 % turnpike bonds mentioned in last week's Chron-
—
icle has been finally determined.
Proposals addressed to C.
B. Harwood, Chairman of Committee, will be received until
10 a. M., November 25. Securities are issued under the authority of Chapter 448, Laws of 1901. They are in denomination of $1,000, dated Jan. 1, 1902. Interest will be payable
semi-annually at the office of the Trustee of the county.
Principal will mature in 20 years, subject to call after 10
years.
Defiance, Ohio.— Bond Offering.— Proposals will be received until 12 M., November 4, by J. J. Malley, City Clerk,
for $25,500 4% refunding bonds. Securities are in denomination of $500, dated Sept. 1, 1901. Interest will be payable
semi-annually in Defiance. Principal will mature $500 on
March 1, 1907 and $1,000 each six months from Sept. 1, 1907,
to Sept. 1, 1919, inclusive. The purchaser will be required
to pay accrued interest and also to furnish blank bonds free
of charge. A draft on a local bank for $500, payable to the
City Treasurer, must accompany proposals. Bids must be
made on the blank prepared by the City Clerk.
Detroit, Mich.— Bond Offering.— Proposals will be received until 11 a. m., November 1, by F. A. Blades, City
Comptroller, for $40,000 %y
z % and $41,000 3%% park and
boulevard bonds. Securities are in denomination of 1.C00,
dated Nov. 15, 1901. Interest will be payable semi-annually
at the office of the City Treasurer or at the current official
bank in New York City. Principal will mature Nov. 15,
1931.
Bonds are exempt from city taxation. Separate pro
posals, accompanied by a certified check for $1,000, payable
to the City of Detroit, must be made for each of the above
issues.
The check must be drawn on a national or State
bank in the citv of Detroit.
El Dorado Springs, Mo.— Bond Offering.— Proposals will
be received until 4 p. m., November 1, by T. B. Dry, City
Clerk, for the $14,000 5% 10 20- year (optional) water- works
and public-sewer bonds mentioned in the Chronicle October
12.
Interest will be payable semi-annually.
and
In
3<>
years.
Second— Bonds subject to call $2,000 yearly alter 20
Third— Bonds maturing in 8u years.
years.
The total bonded debt of the borough at present is $2,000.
The assessed valuation is $396,000.
Georgetown, Texas.— Bonds Defeated.—This place on
October 5 voted against the issuance of $8,000 electric- lightplant bonds.
Goldsboro, N. C. Bond Election Proposed. An election
will probably be held in this city to vote on the question of
issuing $25,000 electric-light, $50,000 water, $15,0u0 city-hall
and $20,000 street-improvement bonds.
Granite City, 111. Bond Election.— A special election will
be held November 12 to vote on the issuance of $14,000 bonds
to pay off the city's indebtedness.
Greenville, Pa.— Bond Sale.— On October 19 the $5,000 4%
1-10-year (serial) bonds were awarded to the Farmers' &
Merchants' Bank of Greenville at 101 -18. Following are the
—
bids
Farmers'
& Merchants' Bank,
*
Denison. Prior
$5,059 00
Greenville
I
Jno.
NuTeen &
& Co..
Cleve. .$5,081 00
Co., Chicago. .•6,068 50
Bid not accompanied by a certified check for $100, as required.
For description of bonds see Chronicle Oct.
12, p. 803.
Bond Election.— An
election will be held November 5 at
which the question of issuing $20,000 city-building bonds
will be submitted to a vote of the people.
Hamilton Connty (P. O.Chattanooga), Tenn.— Bond Offering.— Proposals will be recivtd until 12 m., November 26, by
S. M. Walker, County Judge, for the $100,000 5% 10-20 year
(optional) funding bonds authorized at the last session of the
State Legislature.
A certified check for $500 must accom-
pany each
bid.
Hardeman Connty, Texas. Bond Sale.— We
are advised
that the $53,000 4% refunding bonds referred to in the Chronicle of October 12 have been sold to the State of Texas at
par. Securities are in denominations of $500 and $1,000 and
will mature forty years from date, subject to call after five
years.
Harrlsburg, Pa.— Bond Sale— On October 19 the $75,000
3% 30- year bonds issued for a new engine and extension of
water house were awarded to N. Hamilton of Harrisburg at
100-013. Following are the bids
:
100013 *
N. Hamilton, Harrliburg
$10,00O@10Oii0
Dauphin Deposit B'k.
M B.Tate
Svriau Commandery...
500®H O'Oo
(has. D. Stucker
Chas. R. Lee
2,000@10000
1.000@lu0-00
W. E. Scbnader
I
$10,000®100-00
<
Jli',000® 67-60
(
80.001® 96 - 00
5.000® 89 CO
see Chronicle Oct. 19, p. 865.
Bond EUction.— On November 9 an
N.
election will be held to vote on the question of issuing $50,000 water and sewer bonds.
Hillsboro Connty, Fla.— Bonds Voted.— On October 8 the
election resulted favorably for the issuance of the $400,000
30-year bonds for the purpose of building hard-surface roads.
Interest will be at a rate of not over 4%. Other details of the
issue are not yet determined.
Jackson Connty, 111. Date of Election. The election referred to in the Chronicle Oct. 12, will be held October 31,
For description of bonds
High Point,
C—
—
THE CHRONICLE.
924
the question of issuing $06,000 4% funding and refunding bonds will be voted upon.
Kearney, Hudson County, N. J.— Bond Sale.—The $150,000
4% 1-10-year (aerial) street and sewer-improvement bonds
offered but not sold on October 3 have been disposed of at
private sale to Walter Stanton & Co., New York City. For
when
Chronicle Sept. 28 ,p. 688.
Lake Providence, La.— Bond Election. — An election has
been called for November 1 to vote on the question of issuing
description of bonds see
$20,000 b% water-works and electric light bonds.
Lexington (Ky.) School District.— Bond Election.—The
Board of Education has authorized an election November 5
to vote on the question of issuing $75,000 4% 20-year schoolhouse bonds.
Lima, Ohio.— No Bids Received.— Ho bids were received
on October 21 for the three issues of paving bonds, aggregating |12,443 46. We are advised that the bonds will bereadvertised as 5 per cents.
Lisbon, Ohio.— Bond Sale.— On October 21 the $5,000 5t
1-10 year (serial) water bonds were awarded to Seasonetood &
Mayer, Cincinnati, at 104-65 and accrued interest. Follow
ing are the bids
8easoneood * Mayer. Cln
15.232 60 P. S. BriKKH ft Co.. Cincinnati. $5,180 00
R Kleybolte A Co.. Clndn... 5,810 00 First Nat. Bank. Barnosville,. 6.131 <0
W. K. Todd * Co.. Cincinnati. 6.205 On l.amDrecht Bros. Co.. Cleve... 6.0W4 60
Denlson, Prior & Co.. Cleve .. f>,202 00 W.J. Hayes* Sons. Cleve.... 6.08100
:
see Chronicle Sppt. 21, p 629.
N. Y.— Bonds Defeated.— The prop-
For description of bonds
Lyons,
Wayne County,
osition to issue $30,000 street-improvement bonds was voted
upon and defeated at the election held Oat. 15, 1901.
McLean County, III.—Bond Sale.—On October 19 the
$136.0'
4i court house- rebuilding bonds were awarded to J.
F. Wild
Co.. Indianapolis, at 101 "635 —an interest basis of
&
about
Following are the bids
3"43£.
:
Wild & Co., Ind'apolis. $138,223 76 Merch. Loan & Tr. Co..Chic.tl36,813 20
Farson. Leach & Co.. Chic... 137,411 00 H. M. Vandevere&Co.,Taylorviile
13 \7<10 00
W. J. Hayes <& Sons. Cleve.. 137,360 00
J. F.
State Nat, B'k, Springfield.. 18M11 00
It. Klevbolte & Co.. Cincin.. 137,021 11
W. Harris & Co., Chic.
136,981 OU
N.
C.
6.
I. Will/trustee
A. Kean, Chicago
136,380 80
138.176 80
. . .
For description
of bonds see
Chronicle
Sept. 28, p. 889.
are advised that
this county has sold $23,000 5# 1-10-year reluoding bonds at
par to the Spokane
Eastern Trust Co., Spokane.
Meriwether County (P. 0. Greenville), Ga.— Bond Offering.— Proposals will be received until 12 M December 5, by
H. P. Blalock, Cleik of the Board of Commissioners, for
$30,000 4% gold court-house bonds. Securities are in denominations of $500 and $1,000, dated Jan. 1,1902. Interest will
be payable annually on January 1 at the Greenville Banking
Co. of Greenville, Ga. Principal will mature $1,000 yearly
on January 1 from 1903 to 1930, inclusive, and $2,000 on Jan,
certified check for b% of the amount bid, payable
1, 1931.
to L, A. Allen, Chairman of the Board of Commissioners,
must accompany proposals.
Mexico, Mo.—Bond Election. An election will be held
November 11 to vote on the question of issuing $35,000 4% 20
year electric- light plant bonds.
Mason County, Wash.— Bond Sale.— We
&
,
A
—
Niagara
Falls,
[Vol. lxxiii.
must accompany
tion of these bonds will be
proposals.
A
full descrip-
found in the Chronicle Oct.
page 804.
The official notice of
this bond offering will be found
the advertisements elsewhere in this Department.
—
A
Nyack, Rockland County, N. Y.— Bond Sale.— Oa October
21 the $8,000 sewer bonis were awarded to Goo. M. Hahn,
New York, at 100-53 for 3*£ per cents. For description of
bo ids see Chronicle Oot. 19, p. 805.
Peoria, 111.— Bond Offering. Proposals will be received
until 4 p. m November 4, by J. C. Lindsay, Town Clerk, for
$60,000 Z%% 10-20 year (optional) refunding railroad-aid
bonds. Securities are dated Dec. 1, 1901.
Phoenix (Ariz.) School District.— Bond Sale.—
are advised that this district recently sold $20 000 bonds.
Pittsburg (Kan.) School District.— Bond Sale.—
are
advieed that this district has sold $35,000 4% registered bonds
to James Patmor at par. Securities are in denomination of
$1,000 and will mature from 1907 to 1917.
Pleasant Ridge, Ohio. Bond Election. At the November
election the question of issuing $25,000 water-works bonds
will be submitted to a vote of the people.
Refugio County, Texas. Details vf Authorized Bonds.
are advised that the $5,000 bridge bonds which we reported last week had been authorized will bear 4% interest,
payable annually, and will be in denomination of $1,0 W.
Principal will mature in twenty years, subject to call after
five years.
Date of sale has not yet been determined.
St. Lonis, Mich.— Bond Offering.— Proposals will be received until 8 p. M., November 1, by Geo. S. Aldrich, Mayor,
for $5,000 4t 20- year public-improvement bonds. Securities
are dated Nov. 1, 1901. Interest will be payable semi-annually,
certified check or draft for $200, payable to the
—
,
We
We
—
—
We
A
above-named Mayor, must accompany proposals.
St. Marys, Ohio.— Bond Sale.— On October 14 an issue of
$13,000 4%% 1-10-year (serial) street-improvement bonds was
awarded to the First National Bank of St. Marys at 100769
—an interest basis of about 4 34l£.
Salisbury, Mo. Bonds Defeated.— An election was held in
this city recently to vote upon the question of issuing $16,000
water-works bonds. We are advised that the proposition
failed to carry.
Sandusky, Ohio.— Bond Sale. - On October 19 the highest
bid received for the $12,000 4% 12-year general paving reforming bonds was that of Seasongood
Mayer, Cincinnati,
Following are
at 102 "386 —an interest basis of about 3 752£.
the bids
&
Seasongood & Mayer. Cln
K ley bolt e &
Co.. Cinotn. . .
1st Nat. B'k, Colutc bus
Feder, Holzman
Co., Cln.
W. R. Todd * Co.. Cincinnati.
It.
.
.
. .
are dated Dec.
Principal will mature Dec. 1,
1, 1901.
Proposals must be accompanied by a certified check
on a national bank for $2,500, and bids must be made on the
prescribed form attached to circular of particulars, which
may be obtained from the City Treasurer. The offioial advertisement of this sale will appear in the Chronicle in a
ties
subsequent
issue.
We
Nampa, Idaho.— Bond Sale.—
are advised that the $15,000 5% 10 20 year (optional) sewer bonds offered for sale on
September 24 have been awarded to Chas. H. Coffin of Chicago at par and accrued interest. There has been an erroneous report in some of the papers that these bonds had been
sold to S. A. Kean of Chicago. For description of bonds see
Chronicle Sept. 14, p. 578.
New York City. Bond Offering.— Attention is called to the
official advertisement of New York City elsewhere in this
Department, offering for sale $3,600,000 o%% gold corporate
stock. Proposals for these securities will be received until
2 p. m., Oct. 29, 1901, by Bird S. Coler, City Comptroller.
For full description of securities see Chronicle last week,
p. 865.
Bond
Nov.
Offering.
—Proposals will
be received until 2
p. m.,
among
Niles, Ohio.
Bond Offering. Proposals will be received
unt'l 12 M., October 28, by Jno. L, McDermott, City Clerk,
for $13,675 5% 1-5-year (serial) coupon street- improvement
bonds. Securities are in denomination of $2,735, dated Oct.
Interest will be payable semi annually at the office
1, 1901.
of the City Treasurer.
certified check for $500 must accompany proposals, which mnst be unconditional.
$12,280 32
12.260 00
12,186 00
12. 156 00
12,125 00
i
4 Co., Cleve.. $19,121 BO
* Sons. Cleve. 12,110 Ou
12,001 00
& Co.. Ctncln
Denison, Prior
W.
J. Hayes
P. S. Brlttffs
. .
Middletown, Conn.— Bond Offering.—Proposals will be re- New
Lamprecht Bros. Co., Cleve.
&
ceived until 7 p. M., November 19, by James P. Stow, City
For description of bonds see Chronicle October
Treasurer, for $53,000 %%% refunding sewer bonds. Securi192L
12,
I
I
.
..
.
12,000 00
|
5, 1901,
p. 750,
Sandy Hill, Washington County, N. Y.— Bond Offering.—
Proposals will be received until 1 p, M November 12, by D.
J. Sullivan, Village Clerk, for $62,500 registered sewer bonds.
Securities are in denomination of $2,500, dated Aug. 1, 1901.
Interest (ro be named in bids) will be at a rate not exceeding
5%, payable semi-annually on February 1 and August 1 at the
Trust Co,, New York City. PrinUnited States Mortgage
cipal will mature $2,500 yearly on August 1 from 1906 to
A certified check for $3,000, payable to L.
1930, inclusive.
Clark Wright, Village Treasurer, must accompany propoSecurities will be certified to as to genuineness by the
sals.
,
&
&
Trust Co., N*w York City, and
United States Mortgage
their legality has been pass d upon by J. H. Caldwell, Esq.,
Accrued interest must be paid by purof New York City.
chaser. The village has no bonded debt, and the assessed
like issue of bonds was off ered
valuation is $1,932,130.
Co.,
for sale on August 1 and award made to N. W. Harris
New York City, at 100-803 for 3^ per cents, but the bonds
were afterwards refused by that firm on the ground that the
proposition voted upon by the tax-payers did not authorize a
bond issue.
new election was held on September 14. See
Chronicle Sept. 7.
A
&
A
Sau Saba County, Texas.
Bonds Autloorized.— This coun-
ty recently authorized the issuance of $16,000 4% 5-20 year
Interest will be payable annually
(optional) bridge bonds.
on April 10 at the State Treasurer's office in Austin. SecuDate of sale not yet
rities will be in denomination of $500.
by Bird S. Coler, City Comptroller, for $85,000 Z% Silver Lake Park bonds, maturing November 1. 1940.
determined upon.
Interest will be payable January 1 and July 1.
Either
Schneider S hool District, Riverside County, Cal.—
money or a certified check drawn to the order of the City
Bonds
Voted.— This district has voted to issue $5,000 6% gold
Comptroller upon one of the State or national banks of New
Securities are authorized to refund a like amount of
bonds.
York City for 2\0, of the par value of the stock bid for must
will mature June 4, 1902. They will be in dewhich
bonds
accompany proposals. The above stock is free from all taxaPrincipal will manomination
of $500, dated Sept. 4, 1901.
tion in the State of New York except for State purposes.
ture $500 yearly on September 4 from 1902 to 19U, inclusive.
Niagara Falls, N. Y.— Bond Offering.— AM bids received We are advised that these bonds will not be offered for sale
October 18 for the $115,000 4% 20 year sewer bonds were re- before May of next year.
Sharon, Pa.— Bond Election.— At the coming election
jected- Proposals will again be received for these bonds,
November
5 the question of issuing $40,000 bonds in addition
this time until 8 p. m October 30, by F. J. Sullivan, City
to the $60,000 autnorized on June 15, to be used for sewer
Clerk. A certified check for $5,750. payable to the City of purposes, will be submitted to a vote of the people.
4, 1901,
,
October
THE CHRONICLE.
26, 1901.
O. Sherldanrille, Pa.) School District.—
Proposals will be received until November
Offering.
Securities were au9 for $25,000 4% 30 year school bonde.
thorized at an eleotion held Aug. 5,1901. They are dated
Nov. 1, 1901, and th« interest will be payable seini-anuually
at the Diamond National Bank of Pittsburg.
Sheraden(P.
—
Bond
Sherbnrii, Martin County,
Minn.— Bond
Offering.— Pro-
posals will be received until 8 p m., November 9, by Henry
Rose, Village Recorder, for $4,500 4\i% 10-20-year (optional)
water bonds. Four bonds are in denomination of $l,0U0 and
one bond is for $500.
certified check for $100 will be re-
A
quired with bids.
Sooth Oinalia, Neb. —Bond Election.— At the
election the question of issuing $5,000 library-eite
be voted np m.
Spartanburg
Co.,
S.
C— Bond
November
bonds will
Offering.— Proposals will
by the Board of County
Cominls.-ioners, for $50,000 4% 20-year coupon non-taxable
refunding bonds. Securities will be in denomination of $500
be received until 12 m., Deo.
8,
or $1,000, to suit purchaser, dated Jan. 1, 1902. Interest
Prowill be payable January 1 and July 1 at Spartanburg.
posals must be accompanied by a certified check for $50 J.
Sprluglleld, Ohio. Bond Offering. Proposals will be received until 7 p. M., November 19, by R. N. Lantz, City
Clerk, for $3,039 77 (or less if any assessments arc paid
cash) G% 1-10 year (serial) Columbia Street improvement
bonds. Securities are dated Nov. 1, 1901, and the interest
will be payable pemi-annaally at the olliee of the City
Treasurer or at the Importers'
Traders' National Bank,
New York City.
certified check for $1,000 must accompany proposals.
Stanley County, S. Dak. Bond Election. — O a November
5 the question of issuing $70,000 5% 10-20-year (optional) funding bonds will be submitted to the voters of this county. If
authorized, securities will be issued in denomination of $500,
and the interest will be payable June 1 and D oember 1 at
—
m
&
A
the Chase National Bank, New York City. Tolbert Maupin
is County Auditor.
Starke Connty (P. O. Knox), Ind.— Bond Offering.—Proposals will be received until 12 M.. November 8, by W. A.
Pierson, County Treasurer, for $34,124 80 t%% Center Town
ship road bonds. Interest on these bonds will be, payable
925
semi annually at the banking house of Winelow, Lamer <fc
Thehtt bonds are issued under Chapter
Co., New York City.
Laws of 1901, which provides for one-foitie'h
principal to be paid each si a mouths on May
205,
I)
curities are in denomination of $1,000,
i. 1'JOI.
Interest will be payable semi annually.
Piim-ipal will mature $3,000 in even years and $4,000 in odd years, beginning
in 19o2.
Taunton. Mass.— Bond .SWe.— Oa October 18 this city sold
an isfue of $35,000 3^<E highway improvement bonds to J
Parker
Co., B >8tou, at 102*89- an interest basis of about
3*15#.
Following are the bids
&
:
Jose, Parker & Co.. Bostan
Hlodget. MorrlttACo., Boston.. U'2-67
K II. Rollins A Sons, Boston... 10*-«8e
102*82
Benjamin Fisher, Boston
lOrnt
&
Huston
Boston
Blake Bros. * Co.. Boston
Kstabrook
Adams \
Co.,
('...,
I
1
York City.
90,697 37 4* street-improvcmer.t bonds (22 issues), dated variously from April
2, 1901, to Nov. lis, i»< 1.
Interest will be payable semi-annually at
office
of the City Treasurer.
Sewer No. 729 bonds, dated Nov. 27. 1900. maturing Nov. 27, 1901.
Sewer No.*7«0 bonds, dated May 21, DOl, maturing May 21. 1902.
The general street bonds are issued under the authority of
Section 2261 and the lemainine; bonds under Sections 2704 to
2707, inclusive, of the Revised Statutes of Ohio.
Either cash
5.639 48 4*
12.959 48 4%
New
York,
lHOl,
at 2 o'clock P. M., for the whole or a part of the following described Registered Stock of TheCitv of
New York, bearing Interest al the rate of
CENT, per annum, to wit
ONE-HALF
THREE AND
PER
THE
¥200,000 OO CORPORATE STOCK OF THE
THE
CITY OF NEW YORK, FOR ACQUIRING LAND FOR A PUBLIC
Principal payable November 1, 1041.
PARK IN THE BOROUGH OF MANHATTAN, HOUNDED BY WEST FIFOOO. OOO OO CORPORATE STOCK OF ITIE
TY-SECOND AND WEST FIFTYCITY OF NEW YORK, FOR ACFOURTH STREETS, AND ELEVQUIRING LAND FOR A PUBLIC
ENTH AND TWELFTn AVENUES
PARK IN THE BOROl GH OF MANIon 48. Greater New York Charter
HATTAN, BOUNDED BY WEST
Principal payable November 1, 1941.
FIFTY-SECOND AND WEST FIFTY-FOURTH STREETS. AND ELES50.000 OO CORPORATE STOCK OF THE
VENTH AND TWELFTH AVENUES.
CITY OF NEW YORK. FOR ARChanter 320, Laws 1887.
MOR IKS AND SITES THEREFOR
Principal payable November 1, 1041.
Principal payable November 1, likl
Uei.ONit of TWO PER CENT, (in moner or certined check on a National
.
I2.000.000 OO CORPORATE STOI K OF
CITY OF NEW YORK. FUR
REPAYING OF STREETS.
Dank
ful'.er
In the City of New York) required.
. pi oi med
see CITY RECORD. Copies to
information
I.
BIItD
s.
&
16
Congress Street, Boston.
13
Wall
Street,
INVESTMENT BONDS.
BOSTON.
right to
all bids.
Assessed valuation, $16,104.2:2.
Bonded indebtedness, 91,232,(136.
Population 2l,()uo
By order of the Board of Public Work-.
Dated October
V. J. BI
SI, 1901.
I.I.IVAN. Citv derk.
(PA.)
BONDS.
3'/:
id
BONDS A SPECIALTY.
EDW.
E.
C.
YORK.
PH1LA..
CLEVELAND.
any or
proposals will be received by the under-
signed until 12 o'clock noon November ltith, lPoi.
e School
for the purchase <>f t:io.ooo
DOl |l,0i
District Bonds of the denon Inai
lie October
to be dated January 1st, 1008,
1st, 1931, with the option ot pimnout annually ot
$1,000 on and alter October 1st. 1908, out of the
annual tax levied fortba: purpose. The bonds to
pel BOTH per aiiunui.
bear Interest at the
payable semi annually.
Bids to be made on both coupon and regibonds; the option being reserved by the School
'
li
I
5*
NIW
DENISON, PRIOR & CO
reject
SCHOOL DISTRICT
UVINGS BANKS and TRUST FUNDI
New York.
LI8T.
dollars.
marked "Propesals for Bonds.''
The Board of Public Works reserve- the
FOR
STATE. CITY & RAILROAD BONDS.
8END FOR
thousand ($115,000)
nds trill be one hundred and fifteen (115)
in number, of one thousand lfl.000) dollars each,
all of waict will be payable November 1st, 1921,
with Interest semi-annually at. the rate of four per
cent (4%) per annum
Principal payable at the
Hanover National Bank, New York City, and the
interest payable to the reentered holder of
said bonds in New York exchange. Said bonds are
City of Niagara Falls Sewer Bonds, Series "('."
Nos. 3S-3 to 497, inclusive.
Each bid must b« accompanied by a certined
check on a responsible Bank, for fifty seven hundred ami fifty (96, 750) dollars, made payable to the
City of Niagara Falls, N. Y.. as a guaia'nty that tinbonds will he taken on delivery within two weeks
from date of award. Each hoi must state price for
bonds and accrued iu'erest. niid mn<t he on a prescribed form, which will be furnished upon demand.
Etch bid must be enclosed in a sealed envelope
bi
Investment Securities
Co.,
BANKERS,
fifteen
$£30,000
COATESVILLE
at No. 2 CltT Hall
COL.EK, Comptrollers
THE CITY OF NEW YORK.
DEPARTMENT OF FINANCE, COMPTROLLER'S OFFICE.
OCTOBER 10TII. 10O1.
Blodget, Merritt
SEWER BONDS.
Sealed proposals wil again be received by the
undersigned in his office in the City Building in the
City ot Niagara Falls, N. V., up to 8:00 o'clock P. M.,
Wednesday, October 3otn, 1901, for the purchase
of bonds of said city amounting to one hundred
Said
York, until
TUESDAY, TllK ^OTH DAY OF OCTOBER,
Oitv of Niagara Falls, N. Y.,
RE-ADVERTISED HALE OF
and
SEALED 1'ROrOSALS WILL BE RECEIVED BY THE COMPTROLLER OF THE CITY OF NEW
YOLK,
his oCiee,
For
I
$46,00000 3\4* 20- year general stfeot-lmprovement bund*.
Securities are In
denomination of fl.ooo, dated Oct. 1, UK) I. Interest will be payable
semi-annually at the Importers' & Traders' National Hank, New
EXECUTORS, ADMINISTRATOR^ GUARDIANS^ AND OTHERS HOLDING TRUST FUNDS ARE
AUTHORIZED BY SECTION 9 Or' ARTICLE 1 OF CHAPTER 417 OF THE LAWS OF 1897 TO
or State
<
—
Principal and Interest Payable in Cold.
L
.
Teuipe, Ariz.— Bonds Authorized-— The Common Council
has authorized the issuance of $30,000 5% water bonds.
Toledo, Ohio. Bond Offering. Proposals will be received
until 7:30 P. M., Nov. 19, by J. H. Wylie, City Auditor, for
the following bonds
Y
New
,
Poor
LOANS.
SI 15,0 00
Taxation In the State of
except for State Purposes.
of
,y
NEW
all
The City
Co.. Boston..
French, Bost
J uo
A Co Boston
101 IMS
... Bosti a
.ioim:7
Lee, Higjrinson \
U O. Day * Co., BOSl
Burnett, Commloge a Co., B< »t.iur«4
w. j. Hares a Bona, Boston
IfiPOO
>te
Securities are in
$1,000, dated June 1,
Interest will be payable semi-annually at the Atlas
Na*ional Bank in Boston or at the office of the City TreasPrincipal will mature June 1, 1911.
urer.
CORPORATE
STOCK
OF THE CITY OF NEW ORK.
No. 2S0 Broadway, in
w. Harris a
'i
11. \V.
1901.
$3,600,000.00
at
\.
i'
mx zu
UK 10
denomination of
LOANS.
PROPOSALS FOR
Exempt from
the
Stereos County, Wash. — Bond Sale.— The Spokane &
Eastern Trust Co. have been awarded hu ifsueof J
10 20-year (optional) bonds of thlfl county al ll
SwisHvale, l'a.- Bond Sule.— Oi October 16 this lurongh
sold $105,000 i% coupon sewer bonds to the Jiraddock National Bank at 10T985— an interest basis of atxnit
Kir.
NEW
3Vz%
of
1
JONE8 A
1
CO.,
NASSAU BTRKET.
112
SO
FOURTH
ST.
MUNICIPAL BOND8.
C. STANWOOD & Co.
121
BANKERS,
Devonshire Street
BOSTON.
i
Board to Issue either
Bids to he accompanied by a certified ehei
The right to reject any andall bids is reserved.
w.M. II GIBBONS.
Ooateevllle school Board.
President
I
$600.
(
Coatesvllle. Pa,
Outside Securities a Specialty
DAVID PFEIFFER,
18
Wall St.
THE CHRONICLE.
926
or a certified check for 5% of the par value of the bonds
mature
drawn without condition as to payment on some national
bank in Toledo, mnat accompany proposals.
Bond Election.—The question of issuing $100,000 fire-department bonds will be voted upon at the election Nov. 5,
ing
Topeka, Kan.— Bond Sate. -The $85,751 63 5% general improvement bonds described in the Chronicle Aug. 24 have
&
Co., Toledo, at lol'25.
O. Castlemore), Ont.— Debenture Offering.— Proposals will be received until 12 M.,
November 7, by N. Harrison, Township Clerk, for $2,500 4g
debentures. Securities are dated Dec. 1, 1901, and will mature part yearly for ten years.
Toronto Gore Township (P.
Turner County, S. Dak.— Bond Election.—The County
Commissioners have decided to submit the question of issuing $20,000 bonds to the voters at the November election.
Walla Walla Comity (Wash.) School District No. 3.—
Bond Hale. We are advised that the Spokane & Eastern
Trust Co. of Spokane have been awarded $13,000 i%% 10-20year (optional) bonds of this district at 100 192.
Waterville (Kan.) School District.— Details of Authorized
Bonds. We are advised that the smount of school bonds
recently voted by this district is $2,500. They will be in denomination of $500, bear 4J^£ interest, and will mature in ten
years. Date of sale has not yet been determined.
—
—
vised, has never defaulted in the
or interest.
October 18 the $93,000
30 year water bonds were awarded to Farson, Leach
Co., Chicago, at 100-254, the Chicago firm to furnish blank
bonds for the sum of $418 50. This was the only bid received
that was in accordance with the advertisement. For description of bonds see Chronicle Oct. 12, p. 806.
Geo. C. White Jr., New York City, at 103 66— an interest
basis of about 3-268?. Following are the bids :
Geo. C. White Jr., New York.... 103-66
L. Barnum & Co., New York.... 102-05
M. A. Stein. New York
10Z 7H6 W. J. Hayes* Sons. Cleve
10167
102-67
Geo. M. Hahn. New York
101-17
Dick Bros. & Co.. New York..
Everltt
102-67
101-11
Jno. O.
& Co., N. Y
9 W. R. Todd & Co., Cincinnati...
For description of bonds see Chronicle Oct. 12, p. 806.
I
H
Raiih Fertilizer Co. Pref. Stock.
Indianapolis Fire Ins. Co. Stock, Price 150.
"
Ind. Title Guar, tfe L. Co. Stock,
93.
" 103.
Columbia National Bank Stock,
" 104.
H. P. Wasson Pref. Stock,
application.
Price and particulars upon
Successors to Campbell, Wild
CO.,
& Co.,
238-240 La
October Investments.
4s,
Cleveland, Ohio, 4 1as»
Gallia County, Ohio, 5s,
Indianapolis, Ind., 3^s,
Naugatuck, Conn., 4s,
New Britain, Conn., 3^8,
State of Mont., (Normal School) Ss.
Rudolph Kieybolte
ST.,
BANKERS.
Salle Street,
Broad-Exchange Bl dg.
&
NEW YORK
Co.
CITY.
REFUNDING
Dated July
1,
1901.
4s.
Denomination
$1,000.
TROWBRIDGE & NIVER
Bank
Building,
CO.,
Corporation
BANKERS,
MUNICIPAL
RAILROAD
CORPORATION
St.
BONDS*
" >'"~ w
Choice Issues.
Railway and Gas Companies.
LIST ON APPLICATION.
8.
W,
&
MUNICIPAL BONDS.
Town and Sohool Bondi
prosperous States of the Onion,
City, County,
'^inK
~™£3
•specially^adapted
ii
for Estates
for safe
and permanent
™*" vu "
and Trust Funds.
CORPORATION
CHICAGO,
i
invest"""*
•
CORPORATION
Netting from
Street, Chicago.
FULTON & CO.,
Municipal Bonds,
171
•
la salle
street,
CHICACO.
ILLS.
-
LIST ON APPLICATION.
AND CORPORATION MUNICIPAL and
La Salle
Mayer, F.R.
Corner Third and Walnut Streets.
HlRh-erade
T. B. POTTER,
MUNICIPAL and orikinc
BUNUi
Co.,
BONDS.
171
CINCINNATI, OHIO.
ment
MacDonald, McCoy
San Francisco.
&
CO.,
NEW YORK.
CHICAGO.
00 Devonshire
aianadnock Building,
Street
FARSON LEACH &
BOSTON,
CHICAGO.
MUNICIPAL
BOSTON.
Seasongood
October Investments.
CHICAGO. MUNICIPAL, RAILROAD AND CORPORATION
MASON, LEWIS & CO.
ROLLINS & SONS
Denver.
SEND FOR LIST
172 Washington Street,
BONDS.
E. H.
Railroad and other bonds adapted
for trust funds and savings.
ISSUE TRAVELERS' LETTERS OF CREDIT
A V AIL ABLE IN ALL PARTS OF THE WORLD.
CITY OF DUBUQUE, IOWA,
AND
Service
BOSTON.
in Municipal,
Quotations furnished for purchase, sale or exchange.
$20,000
MUNICIPAL
Public
NEW YORK.
BONDS.
Butler County, Ohio, 4s,
NASSAU
N.
INVESTMENTS.
W. HARRIS & CO.,
31 NASSAU ST.,
CHICAGO.
Deal exclusively
We own and offer, subject to prior sale,
First National
1
.
\
CHICAGO.
N. T. Office. 1442
.
I
Principal and semi-annual interest payable at First
National Bank in the City of N. Y. Dae Jan. 1,
1917. without option ol previous pnyment.
Legal Investment for savings banks in all the
New England States. Price upon application.
Indianapolis, Indiana.
Columbus, Ohio,
I
INVESTMENT SECURITIES.
8110,000 Marion County, Ind., 3Xs.
867,000 Union Traction Co. of Ind. 5s.
Belt Railroad Common Stock.
WILD &
-
INVESTMENTS.
Geo. D. Cook Company,
WE OFFER
J. F.
&
Yonkers(N. Y.) School District.— Bond Sale.— On October 21 the $13,000 V-/2 % registered bonds were awarded to
Whatcom, Wash.— Date of Election.— We are advised that
the election referred to in the Chronicle of October 12 will
probably be held on October 30, when the question of issuing
gold bonds for the purpose of liquidating a $40,000
$70,000
debt and for the construction of a water main will be sub
mitted to the people. If securities are authorized, they will
BONDS:
of either principal
W oodmere, Mich.— Bond Sale—On
—
INVESTMENTS.
payment
Z%%
City, Mich.— Bonds Voted. At a recent election
the question of issuing $25,000 bonds for the extension of the
water mains carried by a vote of 1,397 to 482.
West Point, Gra. Bonds Defeated.— At an election held in
this city on October 9 the proposition to issue $12,500 5%
funding and water-works bonds met with defeat.
West Bay
retaining the privilege of pay-
off the
1902, $2,000 yearly from 1903 to 1928, inclusive, $3,000 in 1929
and $4,000 in 1930. A certified check for 2% of the amount
bid must accompany proposals. This borough, we are ad-
Wellsville, Ohio.— Bond Election.— At the general election to be held November 5 the question of issuiDg $60,000
A.% 20-31-year (serial)
water-works-improvement bonds will
be voted upon.
in five years, the city
LXXIU.
bonds as speedily as receipts will admit.
Whatcom County, Wash.— Bond Sale.— This county has
sold $200,000 4J4* 10-20-year (optional) bonds to the 8pokane
& Eastern Trust Co. at 102-525— an interest basis of about
4*19£ if bonds are called on their optional date and 4*31jf if
allowed to run to their full maturity.
Wilbes-Barre Township (Pa.) School District.— Bond
Offering.— We are advised by A. C. Campbell, Attorney-atLaw, that this district will sell at auction on October 30 in
the Arbitration Room of the Court House $9,5<J0 5% bonds.
Securities are in denomination of §500, dated Nov. 1, 1901.
Interest will be payable semi-annually at the Second National Bank of Wilkes Barre.
Principal will mature $500
Nov. 1, 1902, and $1,000 yearly thereafter. The assessed valuation of the district is given as $476,797 and the actual
value is stated to be at least $3,000,000.
Wilkinsburg, Pa.— Bond Offering.— As stated last week,
proposals will be received untiJ 2 p. m., October 31, by Arthur
Stuart, Chairman of Finance Committee, for $60,000 8}{i
street improvement bonds.
Securities are in denomination
of $1,000, dated July 10, 1900. Interest will be payable semiannually in Wilkinsburg. Principal will mature $1,000 in
1901.
been taken by Spitzer
IVol.
3% to
BONDS
6£ always on hand.
DUKE M. FARSON &CO.
116 Dearborn
St.,
CHICAGO.
Send for our Investment Circulars.
ARIZONA GOLD
5s.
Dillos's legal opinion:— "Upon admission to Statehood, Arizona bonds become a legal
investment for New York savings banks."
List of bonds upon application.
<fc
CO.,
B.
Judge
J. F.
HARRY
POWELL
Woodstock, Vermont.
@FedFRASER