The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
financial
flmntfltw
I
Entered •uuurain* to Aot or Oongrmis,
VOL
10
r.kvi
vn»-
^(Jrantrli*
William b. uaba uohpant.
the
i>y
itf -l,
SATURDAY, OCTOBKR
73.
CL EA HI A (18— FOR a FA' TSM ft Eli 190 1 A NO 1900
ALSO SINCH! JANUARY 1 1901 AND 1900.
In the otnoe of the Librarian of OongTetw.l
NO. 1893.
1901.
5,
GLEAR1NQS—WEEK ENDING
ALSO HAMS WEEK
Week «tuHH«
mbi
S, pfi
i
New York
w» I.
Baltimore...
Buiriio
..
Washington..
Alb uny
Rochester....
Syracuse
Scr nion
Wilmington..
Blnghatnton..
Montht.
Sin.
.
P.Ct.
1900.
ieoi.
'/ri' in.ji
leoo.
MP
1
'
.
1
+23
HI
Sprliigueld.
.
...
Worcester
I'ortland
Fall River....
Lowell..
New Bedford
Holyoke
Total N. Bng
Chicago
Cincinnati
Detroit
Cleveland
Milwaukee...
6.869,818
6.055,288
+ 14-6
4.687.82
4 6U.99; +807
.8-0
4,406,534
2.686,081 r22 8
1.780,170 rl0 6
i.ei-,828 4-./-S
1,131,6 <8 +42
+
6,»0J,W
8.200.153
1.980. 496
1.024.433
1,181,961
591,618.782
614,801,004
TO. 481. 100
44,«t)8,01*
+2
+ '28
Lexington
1.695,481
8,231.900
Orand Rapids
Dayton
Bvansvllle..
Youngstown
.
Akron
Kalamazoo
Rockford
Canton
Jacksonville,!)
Ouincy.
Blooming) on..
Jackson, Mich.
Tot. M.West.
San Francisco
2.4/3,07ij
Targe,
1.719,180
968,8-2,
167 780 0)0
Minneapolis
75,518,119
57,749,608
Omaha
25472,375
Denver
19,148,138
St. Josepli
l-,799,tfil!
7,16-1,2891
Davenport..
Sioux CI
.
Tol oth'rW
St, Louis.
N«tv Orleans.
Louisville...
....
Houston
Savannah...
Richmond
Memphis
Atlanta
Nashville
Norfo.k
4,9>0.U0
Augusta
KnoxvUlo
Fort Worth.
3,109,97
2. 41.'..40
6.2 18,388
8,279,^01
8.38^,000
8,083,608
1,977. 143
1,293,368
Birmingham..
Macon..
Little Rock..
Chattanooga..
Jacksonville.
4-8-5
1
15-31
+15-
+7-3
15!t 4-81-ft
+ 188
3
33.1
+9
7
1
.6.80.12.
18,' 87.8 »l
4,4i7,3-k
6,0 8,22'
8,610.680
+ 14-7
+ 7 61
9
+ *2
I
-1*4
19,871,118l.6H8.800
+15-2
17,321,200 +25-2
15,136,32
11,552 3)5
1
378.785.Ui6
.521,
'.'-5
7.SU1 152,«6«
789,06!
1.8
22,736.i'5l
+44'6
12,60tf,952
11.817,80
+ 6rfB
7,901,1.38
8 569,16-,
139.ltfM.610 + 131 1.3M8.618 91.- 1,20 ,761,112
13-..
I
2 038,640.614
130,613,18: + 338 1,617,487.74J
4 1. 128.90b -15-7
409,3 18.19U
+211/1
84 ',835,171
5,998,600
132
1 0..j29,250
8-1
81, x9 1,128
+
161,944.050
8J,6i0, )4 -57-6,
122,906.4131
11-8
1 1,893. »79
147,888,8581
8,85a. i.).i -1-4
105.128,97
7.184.13+ 1-7
73,981,186.053,276 + 13'o|
57,291,099
6,211,085
6"d
52,381,0^7
8.468.708 -59-8!
43,713,748
8,720,168 -10v:
23,71-,-8(
8,633.244 +79-6
53,681,718
1'4
8.233.611
81,728.001
3,2 19,000 -av7
23,n»9,00<;
1,834, 97d 4-11 9
22,603.808
+147
8-H-8
+ 8-3
+ 419
+ J.0-4
1,981,. 6"
+218
761,83/
17,08'
,
+36
815.356, l- +--•2
H'5,688.00 +23-5
121,894.603 +23-4
161,318,670 -27*1
129.104.244 + 14-0
98,081 489 + '4-2
64.731.833 + 13-7
52,251.601 +8*7
82
67,012,416
43,687,013 +004
91,871,114 ,-t-ll'O
1-3
34,781,198 +
31,558,6671 +6-8
28,803,000! +0-2
17,l<61,35
+25-3
16,038, 126+13-8
8,62
+ 24-0
,64
11.612,-74
836,714,770
822
Total South
.3, )5
384 162 8,881,490, 1U8 +-20 6
Total all.
7,913,9 '8 278 5,
11
+ 11 6 89,831,801,747 90 742, •"-2,-63
Outside N. Y 8.916.738,727 2,409.988,814 + 181 8.543.537 8 8 44.383.l6').83l|+ll-3
<
I
Montreal
63/00,000'
Torouto
Winnipeg
61,823,870
10.31.. 83
6.811, 485
8.178.52H
8.894, 07
8, 18 1,88 i
4,216,610
Halifax
Hamilton..
St.
..
John
Victoria
Vancouver...
Tot. Canada..
116,741,706!
67.689.276 +12'7
38,938,778 +H8-1
7,810.147 r40'8
6,861,238 +5-8
3.179,992 -o-i
3.FH.237
-38
8,839,872 -19-2
4,801,273
1
-2-0
3.822.8-7S +15-4
642.143.581
455,6 .3 0878,810.9 *
84,642.28.3
8 1,517,876
29,149.60
*3. 348,184
84,0 7,871
+ 14-8
29.:
,286,106
,662.8lt'
87.1
+83
+23
+4-1
MS
by Tetegrupb on -iagc 703.
764,880
495 237
422.4X9
813 8f 7
New Bedford
Holvoke
54.4H2.28l
153 .426 149
Cincinnati
Detroit
121,0)3 3818 470.600
7 178 210
10.421 768
6.254.087
4.6^1.800
8.839.803
3.294 399
2,073 312
1,139,820
1,087.663
834,8-4
300 343
17,0.32 150
11 698.031
14.033.84i
8 624 306
0.700,000
8 917 092
8 686,372
3.861.021
Cleveland
Indianapolis
Toledo
Qrand Rapids
Dayton
1,182,1'22
1,193,422
Svansvllle
849,538
606 370
618 058
foungstown
111
Rookford
Canton
Jacksonville,
111....
Outncy
Bloom ington
Jackson
Ann Arbor
Tot, Mid. West'n
San Kranolsoo
Lake City
Portland
Los Angeles
Salt
334 668
8 883(08
Spokane
Tacoma.
Helena
Fargo
Sioux Kails
Total Pacific
Kansas City
Minneapolis
Davenport
88.687 790
20,116,956
14 977 411
6.647 87t
6.836 582
4 800 73i
6,016 713
1.783 810
1.014,676
Sioux City,
1.89-.0H
Topeka
1,285 198
660,181
10 « 19
Omaha
St.
2,023 742
8.0 11 386
8 4U.878
1.285 218
1.252 080
631.162
434 58'
231 38 J
Seattle
Paul
Denver
Joseph
St.
Des Motnes
Wiohlta
Fremont. ...
Colorado Springs..
Tot. other West.
8t. Louts
New Orleans
l
506
63 059 087
42 862 615
1 .8('0
9.394.-24
8.303 09»
4.081 500
6.23i- 661
3 90 512
8 591 oi,;i
8,280 739
1.760 381
1.397.858
1 214 250
1.251.87I
0v4.5 >7
1.430 388
Louisville
Qalveston
Houston
Savannah
Rlohmond
Memphis
Atlanta
Nashville
Norfolk
Augusta.
Knoxvllle
1,0*6.911-
1,174.8641
660,77b
+ 129
Chattanooga
Jacksonville
680.U88
Total Southern..
Total all
2 .076 142 3*1
702 116137
Outside N. York.
17 527 44
Montreal
Toronto
Winnipeg
3.(99 441
177M 8i0
Halifax
741 281
819 728
610 50V
868 89-
Hamilton
44
-8 6
St.
3-1-6
Vlotorla
John
Vanoonver
Quebec
Total Canada
1
11439 78-
1.7
.
89
M
V!
2
«
1
761833
8U7 640
—
+82
860.UO.J
2.973877
-0-8
+18
+69
816 000
286.878
301 118
8
9-18 5
+ 17
6
-02
+86-1
+29
•
184 797.7-3
20 836 10'
4 20tf 104
I 748 00"
1 047.-56
8.443 888
I 28; i.i.
2
3
4
4
+16 3
+85 8
+6 6
+01
I
84 8 8
+87
16.693 880
14,898 811
4
+36'9
+4-3
lv
7,4 18.370,
+ 130
+31-5
4 887 3 8
4,000 6 ?0
3 686 090
4
2
1.866.4,
681.198
479 346
117 918
54 534 917
80.911 4-8
8 190 616
7.760 93-
43 093 048
II 188
0,216 743
7
01823V
5 808 400
4 780 898
8.477.04T
2 3-0 858
413 729
5.181 6-6|
6.0 .7 7141
3 1:14 706
3 30*870
8.828 413
1,516 386
-147
-11
+16'8
1 8763.33
2,008 8-7
1.174 007'
1.105 963
—61-8
1
I
-61
477
5w7
633
6
b71
:*2i87
P.i.rS .149
v7' 1TT.914
606 08 15-1
304 244. M81
1
t-8 678
+ 10-M
841'
+43
74.997 090
2 1.996.R6I ' 6
317
1-24
I
+36
1
+ 1--7
854 083
1.041.6--
Not include
+4
115
993
SI
80"
+18 7
4-.9
1,008
+ 58-2
761314
001666
.61 480
+-I.I-1
708 W37
03O0B
8-3.720
848 980
574 0.5
AW
18,1
3
031
794
051
I
1.988.897
1,
7 7
9
-04
1.5*0.0001
80
8700.7
641 731
492 688|
+88-1
610
082
280
3 184 838
2 5tf3 898
1,114701
6 8 469
1 0.5,107
333 614
si,
1.3Ol,0i7
89'
882 932
-66 730
11
11 4ul
.5
4 o77
40*839
26-38.4
-11
15U21 8b0
177.608
2.003 373
713.OOO
78tf 568
786 628
484 3-4
44 899
88 816
49tf 63*|
+18-0
-07
+117
-3iV
1.190 039
581 "69
2
0U0
120 000
+137
6tf3.840|
32 603 035
16.-04 456
1 383 469
1 800 840
1,16- 104
1.1887-3
+36 8
9-81
171981
ill.
+2
+78
+ 16
+47
143.766
867,18:
211.691
169 238
17-6
-1-21
461 635
897 384
+6
+8'l
+
871686
8035W8
1.285 238
1
1
8
+ 48-2
10 8
4
2541
6M
988.19c
1
2.0l4 940
1,8«8 .11,1
1,127.147
+12 8
450 199
01.3 H12
14 015
8 162
10M300
4.961 6'jO
+ 120
+24 8
129 0)Not include d In tot
+27 8
"atf.OMM 5 6
+40*4
80 172 408
-16 3
11 111 681
-880
8 2J0 614
+10U-9
2. "31.500
-7 5
6 748 831,
-64 7
8 moon:
2.63ft S64
+41 -
1
100 0,9 564
11,461888
6 260 618
1.2*6 198
1,0.0 48
491 381
Bl 51
642234
874 319
+68*0
-828 8
0>
819,383
882 33.
439 394
275 411
6
+84 6
+24 2
+44 9
+310
+14 8
+18 9
+86
676
1
876 000
6 7*7.848
6.803 627
4 780 849
4 633 400
8.103 846
1038 4S8
1.578 308
861,677
7L8 809
9-84
700 000
610. U00
546 726
442.166
250 O0U
Birmingham
Macon
Little Rook
143.731,018
180.466 7-'0
13.082 650
7.1U6 100
+3tf-7
+28-7
I81.
808
1318 188
1961.748
045 130
830 886
607 68
408.745
360 000
-9 6
+88
8S6 3B1747
88 465 456
4 776 300
8 178 084
1637 184
94003
+ 13-0
1.818 7.<2
>.
8 848 10
1 490 18
1,896 6 6
1,1I7 84>
1 828 958
+217
+258
+850
+17-6
-166
805 85
123 2321
84 25 7,703
14 633 107
11022 290
6,883 086
6,1-6 087
8.727 365
8.719 018
r
Fort Worth
,511,576
33,1
1,149,719,539 +-18-2
1.368,514.858
I
(&~ Table Clearing
+20'5
688,1
!.«80,433
870,1
,674,185
76.,/85. 05
1.539.371
66.1
•23.1
.9-17.
1.00i21r
904 463
488 367
467 388
878 057
110.070 692
+
+J00
L8»4.039,55- + 10-0
1313,927,158 +349
361,178,287 +18-6
+
l,"fl*,717
1.102.430
1,48b. 857 O.c
5.7i '2 a ki
lu tot
.
+
Portland
Fall River
Lowell
260000
188 158 8(0
115.804
+
+
Woroester
911.799
704 288
819 400
al.
11-7
+80 2
819 820
176,362.8 i- +2-3
15M, -82.907 4-5-7
158,809,6 ib +88
64,778.67m +11-6
31.977,86!
l.1-o
42,291,139 +18-1
27,818,871 +46 2
1 II, 36 ,02
h.288.929 +98
2 «,6M 1.82) +
Sprlngfleld
1831.000
1.833 887
938 211
al.
+314
5-.i
17«,788, 60
168.8i7.8W!
174,3i8,43<
9 1,201,217
8-, 538, 082
5,788,169
6
89 4^0 Not include
926,486.33
174 5)2 03
82 049 973
21 610 690
3.494 6lv
1.949 401
2,4i2 9»6
8 8 '4.2 '4
27.849 +5-8
16.07U,9;8 Hltfll
10,192,16
6,701,412 +86 91
3.756.12. +203
4.928.18* +4-5
186
4,033,689
2.0*6,416 (-13
+ .2\i
1.712 698
1.340,254
1.494.283
1.180, "4'
Bng..
+ 11
+19-9
131023
401,481,71:!
8 13,0 11.210
5i9.54(j
2.66rf.68fc
New Haven
New
+19'7
Not include d In tot
68o631 Not
- include d In tot
1608 434,806 °80 964 7u5
+61 7
106 130 703
6,373 800
1,978 081
1
771 094.931
09 8U8 174
17 751851
10 468 968
4 160 733
1.809 181
2 623.106
1 083 291
623.649
1, ,1.6 873
804 872!7.00o
*73 000
+10 8
+16 8
+6 8
+9 4
690.111
188.145,728
6.003.1H0
Chicago
1
273
3tf4,339,0 )0
84l,48'l,303
41,:i8'.83s
80,514, 871
total Middle
Boston
Provldenoe
Hartford
1
+86 8
Sprlngfleld, Ohio...
49.12tf.204 -t-17-5
24,784,08* 4 2*8
+
,
+80
+86
+3-8
+134
648,119,27' +32'8
47,898,866
i. s; o
881 300
808 875
372.729
+ 43 7
+17 8
+53
685,878,426
+Wl
1.628 1 11
835 101
1,285 885
924 136
318,800
897.88k
310,8-4
1,01
bester
Sprlngfleld,
4 817.794
1,886 876
3 610,471
1,082,373
1,303 M2l
ireennbarg
Wheeling. W. V».„
Wilkes Barre
Total
18.189.9tf6
1838.
749 261 1083 ,2.8 796
28 776 3<4
18 103 860
6 67 877
8 04 ' H7M
I
+ 18-0
898.401
470 700
361,684
•270 032
891,896
846.733
119,843
210.000
+ 135
18.
93,370843
28 185 721
576.000
8f5,888
316 201
878 521
870,000
140,578
20« 494
+ 14-3
1
670,12
66,668,767
iluauy
Roohester
lyraonse
3oranton
Wilmington
AingUamton.
836,884.30'
108 817.099
4' 484.-51
81, 380 600
6 266 259
8.C43.694
3,308 980
1 t-03 097
858609
81.278,436 +59-8
+8-1
75,218,5
89,iO 1,825 +29-7
95.088,201 +2 8
41.308,050 -s-o
89.48 1.7 "i +117
116.017.88S
87.753,28^
40. 08,OJf
42.9M2.493
26.i71.977
Washington
I
Akron
Ealamasoo
:
18o. 172.6 V-8,0 «.-8i
Buffalo
1-88
V. Cent.
+57
1.314 088.307
28 1901.
Srptev.i
1801
Lexington
+
187.7ii.
1
+
5-6
10.490,"01 +24
14-6
8,6s0,8-4
+ 2 -8
8,837,
8,805 94 +23-8
4,93 '.4i7 + 12-
844,567,39V
Baltimore
Peoria
7,267,601
19,990,6 i2
7.3
Pltubarg
Il7.840.7tf3 4-24-1
75.90tf.473 +15-6
1
6 686
Philadelphia
Milwaukee
Columbus
19911, 61
11,967,34'
12.H76.361
6,47", 388
10,641,763
1 ,.51 6^9
New York
587.326,600 +240
813,663,019 +25-8
417,837,437 +250
218.491,728 +60
196,078,000 +21-1
88.831,433
16 286,014
I6.tf34.944
13,IO..,4'6
—28
156.0 39 +519,122.717 rll 4
4,517,841
240,924,138
174,967,983
34.9'9,902
8J.795.67u
13,183.760
29 444,417
12.9si.63S'
13.000,000
8,638.586
7,303,266,782,782
7
V.
4.538,106
2,2i9,blSi
8'9.i3s
Wichita
Fremont..
rlS-
88.91-9,1.3-
6, lol,97i'l
Topeka
1-27
745.06*
19,9<3,i;i7
Des Moines..
i,03d,87(
191,633
l.(78,6<3
467.-07
1
Helena
I'anl
+58
8.9.
12.1 11,0 16'
33,4 i0
Tacoma
City.
1,298,115
1,98 1, 8tf
1.747.037
1,935,00}
1,411,476
-4
88,8 8. 01 +8 1
46,749.788 +10-3
43.31M.102 +1-1
38.748.67H -4-7
12,896,728 +257
ttf.010.802
61,512 62.
45.ll8.tf4V
598,816 +25-8
14,112912
4,678,515
6,252,816
Sioux Falls
Total PaclUc
-105
»8.i 3'
93.163.248
1.1,
Spokane.
8,7tf7,338
+
164.200
145.5 9,587
87,716.08m
2.38.
1
t-Z-5
1.
8-9,8 4,31
10,911,286
I
+6
19-
1.
8.16,887,45
I
4.71*4,628
4.54
95U.W39
1,108 521
653.4M8
Seattle
Galveston
i
1,810.237
l,lo6,373
1,8*6.936
768,456
Salt Lake City.
i'ortland.
ns Angeles. ..
Kansas
21,491
HsV8
18,09 .600 - SO
11.991.41L +84-0
+7 6
8.702.917
10.819.177 -19
1,9.11,838
Springfield
+7-1
6.034.0.12.411
Sprlngfleld.lll.
Toledo
ll.82l.HR5 +12'
5.015,017,17:1
+4T9
.
15,918.81-,
13,382, 39
6,060. 5o8,301
2,8.17.451
.
Indianapolis
17099,991
6,630.125,144
728.771,250
888,414,281
622,179.281
<«.>
42.969.11.1 t-24-8
Columbus
10-8
48,131,974
4 ,7,16.660 +18-1
40.4 '0,885 +80-0
i-8*&
88,688.31
19.887,284 +8-9
+208
8 J,
58,544,072
89,437,177
23,000,0)0
18,142,903
8,878 2 J8
10,843,880
5,101.874
4.859,816
8,398.927
1.H17.416
Peoria
+
61.20 .',978
68,649.878
41,485,845
80,675,811
81.873,706
618.737.0i 5 4-190
64,747,400 + <8 7
81.6-9,937 +424
458,1
1900.
l-.t't
Chester
Frederick
Greensburg..
Total Middle 5.727.076.894 8,741,6.9.258 -6*8 «-\0:i4,7*6.76 42,4-8.-60^71 +60 1
40 1.116. 1H* +28 6 5,403 438.683 4.483.840.3H2 +21-9
915.a2i.871
Boston
20.7*2,400 1-165
24.816,000
258,83 ,200
Providence
231,948,100 +3-1
8.930,593
9,546.10
+4V
101,417,789
Hartford
85,843,219 +5*7
19-1
8.7X4,140
5.951.397 +
60,177,07New Haven...
58.300,247 +6-8
.
at—
1801.
I
t
3.156.532.831 +689 60.783, *fl6.639!33,408,796.8H2 +670
387,249.691
343.763. 0" -12-8 4.069,989, vail 3.440.98193. t-l»-0
138.891. 281
111,150,967 t-94-9 1.544,72 ,990' 1.188.680,101 +80
88, .'-, m ji
74,341,201 + 108
697,266.5-0
788,832,87 4-18-4
34.337,45*
82',68M,s9J
81. 188,714 +15 8
180,166,187 + 10-8
8,f>tf[',3tf3
i05.O48.74
7 9. '1,224 t-20
83,146,837 +94
1 1.797.917
9,980,990 r-18-1
116,647. 83
102,889077 + 18-6
4-2 7
7,«88,8»l
87.357. 142
,18 24
77.884,59- + 20
4.237.491
4,110.919 +8-1
44.6 >6.9e0
48.467,653 +60
5, 1 58. 10
4,195,93 +246
60.201098
43,481,8-1 +18-3
3.919,818
36,781.036
8,545,116 flO'5
35.815,341.8 2,400
1,683,»0 -U-4
14,471,800
16,353.400 -5-7
1,310,(86
1,198.843 4-1-4
11,78\644
18.2 2.106 —37
564,19- f»o- i
078,498
6,820 45
4.828.681 +18'1
11,281.73"
1.000,841
13 484 7U
V|7.3,423 t-18-5
6.017. 134.
Philadelphia.
Pittsburg
i
SEPT.
1899, 1898.
1900,
6
+ 13
—40»2
-88
16 110 163 O04
8 143 6I"
1,370 171
786 85
2 6M8
710 8-4
117
2
1,(8
4.109.370
8 080 460
1 696 418
l.i
15.878
659 831
(2J831
d in tot al.
+"
-0
88.001
1
1
1
««.nil 780
THE CHRONICLE.
694
this country
THE FINANCIAL SITUATION.
been suggested that we are getting somewhat
That is not a correct inferpessimistic in our views.
We see developments, now and then, not in
ence.
accord with the full speed at which industrial affairs
have been runniDg and which if allowed to develop
It has
[Vol.
They have been
during recent years.
constantly recurring surprise
industrial cycle of activity.
all
It
LXXLU.
a
through the current
will
be remembered
that revival in those departments was a forerunner by
more than two [years of the existing term of general
business prosperity, and now, although the so-called
steel strike is oil and production is immense and
the
will
in
priceB of those products are high, consumption is so
that
friction
will introduce a species of
end arrest progress. Hence, from time to time, as pressing that there would seem to be almost greater
they
aim
arise,
do
we point out the
irritating
agencies and
eagerness than ever
At the present although the
to
get
the metal.
Moreover,
and steel demand and producsaid, started the new progress, yet the
iron
without exaggeration.
tion, as already
is the tendency to force
moment
up prices of commodities. That practice puts an foundries and mills are as full of orders as ever.
artificial obstruction in the way of the free export of While these conditions continue, there cannot be
our surpluses, for it not only checks the outflow of standing room for pessismism.
the article itself, but interferes with a free movement
The cotton-spinning situation, about which we
Copper having apparently
of all dependent products.
to
it
the chief of these
and other reasons, as a wrote last Saturday, has assumed a new phase. It
possible future disorganizer of affairs, we referred to seems to be true, as we asserted a week ago, that the
large majority of mills at Fall Eiver cannot afford to
it at some length last week.
But copper is not of itself capable of putting a stop pay, under existing conditions, the 5 per cent advance
to progress, though its pegged price has not only in wages which Mr. M. C. D. Borden under his anlargely decreased its exports but very considerably in- nouncement is now giving to his employes, and which
creased its imports. It is, moreover, a leading exam- advance the Bourne Mill has also adopted. Very natple, amid many others, of the practice criticised, each urally the operatives of the other mills, through their
of which evidently adds to the harm that kind of representative, the Textile Council, demanded of the
action threatens. It is, too, one of those raw materi- companies the same advance in their pay. The exals limited in production that cannot, even under the ecutive committee of the Manufacturers' Association
most favorable of circumstances, be increased in out- consequently met Tuesday to consider this demand,
put except slowly, and yet ownership of the mines, as and after deliberation directed their Secretary to infar at least as the United States is concerned, is by form the Textile Council that its request for an adcombination lodged in so few hands that production vance could not be entertained. The market concan be easily decreased. This last statement touches ditions, they stated, do not warrant it. They also
a point of wide application; that is to say, commodi- added "that the question of margin cannot be elimties of contracted production and of slow extension inated from the wage schedule, nor can the excepmay readily be cornered, whereas if a similar state is tional conditions under which one or two corporations
attempted by combinations covering articles of large are situated be accepted as sufficient grounds on
production, the situation can usually be left for a cure which to grant an advance." As a result of this comto the action of natural laws for in most cases the at- munication it is understood that the entire labor of
tempt will recoil upon^the projectors.
all the mills will go out on strike Monday morning.
In the meantime the executive committee of the
A statement of the earnings of the United States Manufacturers' Association has drawn up an agreeSteel Corporation for each month of the six months end- ment binding those who sign to resist the operatives'
ing with September has been issued this week. We give demand for an increase in wages, which is stated to
the details in our general investment news depart- have the signature of the Treasurers of mills con-
become conspicuous,
for these
;
ment.
The
able act,
issue of this report
is
a highly
commend-
and the exhibit furnishes an extremely
encouraging'showing of the company's profit-making
This publication, though, was hardly
needed to satisfy investors^of the great earning power
of the corporation, for the information it contained
has been freely told by the managers time and again.
Yet we consider the publication to be a commendable
act, because we believe the public has the right to the
exact facts at frequent intervals of the situation of
every industrial security put upon the Stock Exchange
capacity.
trolling seven- eighths of the spindles in the city.
The returns
which have been received
this week from the larger railroad companies for the
month of August throw an interesting light on the
While prices
activity of trade in the United States.
of industrial securities on the Stock Exchange are in
a state of collapse, and while a number of the industrial companies in their recently -issued annual reports
of earnings
have quite unexpectedly made rather poor exhibits, it
and bank
is nevertheless true that railroad earnings
list.
When a stock or bond is offered for sale in that clearings as well both of which ought to furnish a
way, it is an invitation to every individual to come in true reflex of the trade situation, continue to move steadand be a quasi partner in the concern, and each pur- ily upward. In illustration we may refer particularly to
chaser isj[entitled to be treated fairly and openly. We the Pennsylvania Railroad. We take this road because
have had too many instances lately of inside parties it is always accepted as more or less typical of the
knowing to bad developments, keeping them, how- state of the country's industries. It has a diversified
ever, secret while they were unloading on the public, traffic, and it has a large manufacturing and a large
to make that practice popular or even bearable.
We mineral tonnage. The Pennsylvania reports for
have written with reference to this phase of the sub- August an increase of $986,200 in gross and of $636,500
ject on a subsequent page.
in net on the lines directly operated east of Pittsburg
The excellent results which the United States Steel and Erie and an increase of $822,600 in gross and of
Corporation publishes brings up in a prominent way $244,500 in net on the lines directly operated west of
the remarkable course of the iron and steel trades in Pittsburg and Erie, making together $1,808,800 gain
—
—
October
5,
THE CHRONICLE.
1901.
G95
gate of the clearings for 1001 at 7,964 millions comlines.
Thla is the largest amount of improvement pares with 6,627 millions for 1900, with 7,080 millions
shown in any month this year, and it ranks among for 1899 and with 5,501 millions and 5,564 millions,
the heaviest monthly Increases ever reported by the respectively, for 1898 and 1897. Outside of New
The augmentation is made, moreover, in York the amount is 2,917 millions this year, against
company.
in gross
and $881,000 gain
the combined
net on
in
the steel workers' strike, which, if it
exerted any adverse influence would affect the Pennsylvania more severely than any other large system.
The improvement is noteworthy, too, because on the
2,470 millions in 1900, 2,680 millions in 1899, 2,087
millions in 1898 and 2,112 millions In 1897.
improvement in this one month has been $4 272,500
We furnish herewith
in gross and $1,737,800 in net.
a sk year comparison for August and the eight
months since January 1 for the lines east of Pitts
burg the only portion of the system for which we
cent
face
of
Perhaps the most noteworthy feature in the annual
Pennsylvania, as on other roads, the expansion in report of the St. Louis Southwestern Railway, which
revenues has been actively in progress for several suc- has been issued the present week, is the way the
Thus in August last year there was board of directors of the company have treated
cessive years.
$677, 900 increase in gross and $646,300 increase in net the large surplus remaining on the year's operaThe company earned $1,554,974 in exon the combined lines, and in August of the year be- tions.
obligatory
fixed
expenses,
operating
of
fore the addition was $1,785,800 in gross and $210,500 cess
in net.
In the three years, therefore, the aggregate charges and rental payments. The full 4 per
—
have the data for such a comparison.
bonds would
$1,154,974.
EAST OF
1901.
1900.
1899.
1897.
1898.
1896.
Pittsburg.
1
August
•
•
t
$
Grots earning*...
8,888,101 7,401,981 6,680 481 5,728.061 5.858,901 6.320,701
Operat'g expenses 4,919.346 4,569,616 4,375,240 3,458,346 8,671,040 3.888,810
Net earnings..
3.46-.816
2,838,315
2,311.216
8.264,715
8,287,915
1.931,916
Jan. 1 to Aug. 31.
Gross earnings.
60,810,667 55,013,367 15817,097 42.248.667 40.923.867 40,881,631
Operat'g expenses 40.010,871 ST.723,171 3S.191.871 29,748,771 28,317,871 29,977,529
Net earnings.
20.880,2)8 17.290,196 12,626,698 19.604.896 18.580.99fl 10,907,102
the
mortgage
second
call for $400,000, leaving a
This latter
amount required
for
5
is
Instead,
the
income
balance of
equal to more than the
per cent
dividends on the
$20,000,000 of preferred stock, but, as
begun
been
yet
have
dividends
shares.
Litres
on
interest
whole
surplus
is
known, no
on
these
of
$1,154,-
the surplus
$335,026 from
together,
has
of previous years, making $1,490,000
been applied by the board for general improvements
and transferred to credit of General Improvement
974,
together
with
Fund. The appropriation is a large one for a company
operating less than 1,300 miles, and whose aggregate
gross revenues, even after the late year's notable in-
were only $7,387,174. It should be stated,
The Pennsylvania Riilroad does not stand alone in furthermore, that $258,267 betterment expenditures
These acts
making such gratifying exhibits. On the roads in were directly included in expenses.
other parts of the country the story is the same.
We indicate clearly the policy which is controlling
have room for only a few illustrations. The gains the management. The company is a Gould property,
are of course smaller, since none of the roads have Mr. Eiwin Gould being President, and it has been
such a volume of traffic as the Pennsylvania. In the wisely administered and is now enjoying greater prosSouth the Southern Railway reports for August perity than any one had dared to hope for
$203,134 increase in gross and $54,143 increase in net, only a short time ago.
Gross earnings the late
and the Louisville & Nashville $244,845 increase in year, as already stated, were $7,387,174; in
grosB and $19,903 increase in net.
In the Middle West 1899-1900 they were only $5,908,284; in 1897-98
the Cleveland Cincinnati Chicago & St. Louis has $5,279,333 ;
Nee
but
$4,743,540.
in 1896-97
added $279,254 to gross and $130,723 to net. Among earnings prior to 1899 had only once reached a million
the Pacific roads the Northern Pacific shows $639,121 dollars; in 1898-99 the amount rose to $1,519,755,
improvement in gross and $323,512 in net, the in 1899 1900 to $1,600,645; in 1900-1901 to $2,Canadian Pacific $480,568 in gross and $251,157 in 598,511.
The road the late year was favored
net, and the Union Pacific $232,434 in gross and $251,- with excellent crops, particularly a large cotton
205 in net. Among Northwestern roads the Burling- crop, and its tonnage in cotton and in cottonton & Quincy has enlarged its gross $433,954 and its seed prodrcts aggregated 361,352 tons, against but
net $259,202, the Milwaukee & St. Paul its gross 247,900 tons in 1899-1900. The present year the
$369,365 and its net $101,445 and the Rock Island its traffic in these items will doubtless be again dimincrease,
gross $395,695 and
its
net $193,274.
Texas will fall below last year's
But the traffic manager expresses the hope
ished, as the crop in
yield.
wants further evidence of the rising that the movement of other classes of traffic will
volume of trade he should turn to the statements of more than offset the deficiency in that important combank clearings given by us to-day on pages 693 and modity.
If the reader
703.
The
figures in this case are for a
month
latei
they cover the month of September. The
There was no change in the official rates of disOne
total of these bank exchanges the present year is 7,964 count by any of the European banks this week.
marks
million dollars, against only 5,627 million dollars last notable feature was the decrease of 111,180,000
year, the increase being over 41 per cent.
Dealings reported by the Imperial Bank of Germany for the
on the Stock Exchange were much larger this year week. The most striking feature of the statement of the
that
than
is,
last,
but even outside of
New York
the gain
is
New York
Associated Banks was a gain of $1,060,500
in loans, contrary to general expectations of a deThe gain appears to have been
crease in this item.
To be sure, last year in September
bank clearings recorded a decrease, both in the total
with New York and that without it. The gain now, due to operations in connection with the October sethowever, is much larger than the 1900 loss, which tlements. The cash reserve of the banks showed an
means that the present year's exchanges are decidedly increase of $4,161,400, of which $3,534,600 consisted
the heaviest ever reached. In other words, the aggre- of specie, and the deposits were increased $6,090,400
over 18 per cent.
THE CHRONICLR.
696
[Vol. LXXiil.
don the Bank of E- gland lost £1,480,007 bullion during the week and held £38,157,624 at the close of tbo
$16,293,025.
week. Our correspondentfnrtheradvisesue 'hat th' Inga
Sub
York
New
the
L'a> merits for unmatured bonds at
was due to the export of £651,000 (of which £5"1,0<
79,
$5,304,254
to
amounted
during
the
week
Treasury
was sold in the open market and £150,000 expor^-d
making $40,046,479 29 since purchases of those bonds to Egypt) and £844,000 net was sent to the interior
began April 2 under the order of March 30. The pay- of Great Britain and £15,000 imported from Ausments at this office for bonds bought in September tralia.
were $20,302,415 23, and payments for those purThe foreign exchange market was easy on Monday,
chased from April 2 to August 31 inclusive were $16,in
influenced chiefly by a comparatively abundant supply
246,945 84. On Wednesday, as noted elsewhere
announced
Treasury
of commercial bills against cotton and by a limited
the
this issue, the Secretary of
On the following day, however, and therethat bond purchases under the order of September 10, demand.
which order was extended September 13, would be after until Thursday, there was a stronger tone, due
suspended when the limit of $20,000,000 named in to an inquiry for remittance for stocks sold for Eurothat order had been reached. The tender of $2,000,750 pean account and to a demand to cover maturing
bonds almost immediately thereafter completed the exchange loans. Though commercial drafts agai igt
quota, but offerings of a few small amounts, which were cotton were moderately large, they were promptly
Some transactions were noted in contract
in transit to the department, were accepted, making the absorbed.
par value of the total offerings under the order of commercial bills agairjst cotton for delivery within
September 10 slightly higher than the above-men the next ten days, indicating that there is a supply of
Bond purchases made in pursuance of the staple awaiting shipment. It was reported that
tioned limit.
there was some speculative selling of bankers' long
the order of March 30 are expected to be continued.
The $1,000,000 gold which was reported in the sterling in expectation of covering later in the season,
Chronicle September 21 as having been obtained in and also that new exchange loans were being negoParis for shipment hither arrived on Mouday of this thted.
The Assay Office paid $1,423,719 04 for
week. The exact amount was $974,650. Assay domestic bullion.
Gold received at the Custom
gold House during the week, $1,039,196.
Office
checks, representing the $2,500 000
which arrived at San Francisco from Australia
Nominal rates for exchange were uniformly quoted
SubYork
paid at the New
last week, were
after Tuesday at 4 84 for sixty-day and 4 86£ for
Treasury on Monday and Tuesday, and on Wednesday sight. Rates for actual business opened on Monday
$195,957 was paid on Assay Office checks representing at a decline of or e-eighth of a cent all around comYukon gold deposited at Seattle, Wish. There was pared with those at the close of last week, to 4 82f@
a transfer on Thursday of $500,000 gold to Manila 4 83 for long, 4 85|@4 85f for short and 4 85$@4 «5}
through a foreign exchange house, the money being for cables, and the market was easy. On the following
withdrawn from the Sub-Treasury for that purpose.
day a good demand, as above noted, brought about a
stronger tone, though the only quotable change
Money on call, representing bankers' balances, has
was an advance of one-eighth of a cent in long, to 4 83
loaned at the Stock Exchange during the week at 4£
@4 834;. Oo. Wednesday there was a more urgent inper cent and at 2£ per cent, averaging about 3f per
quiry and rates moved upward one-quarter of a cent
cent.
On Monday loans were at 4| per cent and at
to 4 83±@4 83£ for long, 4 85^@4 86f for short and
3^ per cent, with the bulk of the business at 4 per
The market was dull and un4 86@4 86^ for cablee.
cent.
On Tuesday transactions were at 4 per cent and
changed on Thursday; it was firm on Friday. The
at 3£ per cent, with the majority at 3| per cent.
On
following shows daily posted rates for exchange by
Wednesday loans were at 4 per cent and at 3 per cent,
some of the leading drawers.
The
surplus reserve was augmented by $2,638,800, to
with the bulk of the business at 3£ per cent. On
Thursday transactions were at 4 per cent and at. 2£
per cent, with the majority at 3^ per cent. On Friday loans were at 4 per cent and at 34, per cent, with the
bulk of the business at 34 per cent.
Banks and trust
companies have loaned at 3£ per cent as the minimum, some, however, obtaining 4 per cent. Time
contracts do not appear to be in great demand and
them
Bauka and other
large lenders are offering money with some freedom
for long periods, though requiring good mixed colthe business in
is
small.
Kates are quoted at 4-J@5 per cent for loans
of this character for sixty days to six months; some
frtw transactions are reported on industrial collateral at
5@5^r per cent. There is a little better supply of
commercial paper in the market, but the local demand
lateral.
and the buying is chiefly by Eastern banks
and those in neighboring cities.
is light,
Brown Bros
Magonn A
Co.
British
No. Aruerlct
of
Tcks..
Sight..
\
8t«ht..
I
60 dayt
».
Thub.,
Oct. a
FBI..
Oct 4.
4 -4
81
88*
84
4HB*
§6*
86
88*
8?*
86*
84
-4
84
HJ*
84
481
4 88*
84
84
B8H
86*
-6*
4 ii
4 "8*
84
84
84
*«*
36*
fre*
84
£4
"4
66*
ee*
88*
86*
86*
84
84
84
84
84
8tf*
86*
30*
36*
-4
84
-6*
se*
1
Sight...
60 dayt
5
Sight..
4.-4
4 86*
I
60 dayt
4 84
J
Sight..
4
60 dayt
4 44
84
84
64
84
& Co :!
Sight...
4i8*
sex
89*
86*
36*
(
60 dayt
4
84
•4
S4
84
84
88*
86*
86*
86*
66*
84
84
84
84
-4
,.
—
Montreal.
anadiau Bank
Commerce.
.
.
.
Heldelbaoh. lok
albelroer
Wed.,
Oct
'Jet. 1
)
n»iik of
of
60 dart
\
(SO dayt.
daring.
dank
}
baiard Frere*..
<eronanu' Bk.
of Oanada
}
Sight,
1
60 dayt
)8lght..
The market
88*
-S4
4-6*
4
-4
:4
86*
84
•i
,
*«*
F6*
«a
83f@4 83;} for long, 4 *5$
86@4 86± for cables. Com-
closed at 4
@4
85f for short and 4
mercial on banks 4 82f @4 H3 and documents for payment 4 824. @4 83i Cotton for payment 4 82£@4 822
cotton for acceptance 4 82|@4 83 and grain for
payment 4 83@4 h3±
The
following
gives
Eogland minimum rate of discount
money to and from the
remains unchanged at 3 percent. The cable reports
discounts of sixty to ninety-day bank bills in London
W»tk Bndint October 4. 1901.
2£@2g- per cent. Open market discount rates at. Paris
are If per cent and at Berlin and Frankfort they are 2$
@3 per cent. According to our special cable from LonTotal void and legal tender*
The Bank
Mon.,
Fri„
Sept. z7 Sept 60.
week's
the
interior
by
iicceteed by
N.T
Bank*.
movements
New York
Shipped by
F. Bankt.
JV.
iVtt
of
banks.
interior
Movement,
1,101.000
(8 630.000
2987.000
Loss 14 298.000
Loss 1.8-3.000
16,486.000
¥11617.000
Loss. 16.181 000
#4.8)12
000
OCTOBEB
5,
THK CHRONiriJ*.
1901.]
Willi tne Bub-Treasury operaiious
unt>
result
i»
a*
follows
*V »k
Bndtnt October
4.
nu
1941
iV«(
Ranks.
Bkiiki Interior
movement, as above
8no-Treasarr operations
Hanki.
(
TintktfO
«i.
lank Bnl44n«o
I8 4K0OO0
Ill (117
cXXI
I,OhS
86 «O0 000
2?, 100
000
Gain
"6,181
OK
:i5!K).iK'C
697
was deereaued, iiotwitheiandiiig the Jaige txcesn of
revenue shown in the same period.
These facts have caused some anxiety to be felt, it
may be asked, can we base our estimate of surplus
Government receipts during the coming three months
upon the foregoing average of six million dollars, or
must we base it upon the showing in September of twelve
The following table Indicates tne amount ol bullion
Of course no one can answer that
million dollars ?
in the principal European banks.
inquiry positively, for the result must depend upon
Ocr«ber4. 1908
October 3. iwoi
whether the September movement was abnormally
•mo •;
Oola.
Siloer.
Total.
Total.
Gold.
Site*.
large, due to special causes, or whether it represents a
%
X
I
I
I
S
natural increase due to an increase as the autumn
88,157 084 84 971.809
84.971.808
88.167.084
opened in general business transactions, and conse94 793.8*7 44.490533 i3tf.818.80a 91 1176 808 41 00(1 938 181.007 785
97 405 000 14,117.000 41.5UI.iXXi 88,888.000 18.802.000 85,888 iKK
quently in consumption. Oa that point it seems to be
07,689 000 0.859.000 T8 888 000 74.90i.OO0 6.75^.000 81.882,0a
Ant llanif'y 44.689.000 10 850 000 65,446,000 87 7781XJO M.916.000 47,B88.00t reasonable to say that such a sudden increase cannot
14.006.000 17.180 000 81 141.000 18.68} 000 10353.000 80 049. (XX
Spain
be natural. A second question is, whether Secretary
Italy
16.808.000 1.970 400 17.88S4O0 16.483 000 1.07U.0O0 17. 108 001
116H9.9J0
4.870 000 5.013 000 10.488, '«
Netber lands..
6,945,400 5,717.5
Gage will be able to overcome the surplus, whatever
Nat. Bela-'m
4.834 000
4,071.00"
8.714 000 1.857 000
8.098 700 1,611.800
it may be, by a further purchase of bonds and otherToutbii week Ml 844 001 108161733 418.402 731 89H.717.166 98,858,088 398 570.087
Tot. orer. w'k U7 ;00B:f7 1046*1844 *t2$*i 081 •V 4.840 881 100031*14 401.1J01.495
wise, and so keep the money market, as far as the
Sub-Treasury is concerned, on an even keel. We are
Total u old and
letial
tender*.
181,080
OIK)
• 83.717
000
S3 0*1
I.ohh
is
o
.
THE MONEY MARKET, SUB-TREASURY,
AND BANKERS' CONVENTION.
sure that the financial public has entire confidence in
do
that
any one could do under similar circumstances.
He
it is
satisfied that
he
all
the Secretary;
will
Another monthly (iovernment report of receipts has never failed to show a lively appreciation of any
and disbursements has been issued this week, and it threatened embarrassment to the money market from
shows a state of the revenue similar to that noticed a Treasury surplus revenue, and has always been ferBesides,
ever since the first of July, when the tax-reduction tile enough in expedients to override it.
bill went into operation.
It will be remembered that gold ia coming in from Europe and elsewhere, which
the rtduction in receipts anticipated by the conference movement, if continued, will be sufficient to take care
committee at the time the bill was reported was $41,- of at least part of the surplus revenue.
But in view of what the industrial classes period000,000, which would make a monthly average decrease of about 3v million dollars.
In face of this ically suffer from the operations of the Sub Treasury,
estimated contraction, the September revenue reached would it not be wise if the National Bankers' Conven$44,434,423, against $45,304,326 the same month in tion now about to meet should make this situation its
1900, or a decrease of only £869,903, instead of the
concern
expected 3£ millions. Moreover, as the disbursements in that month were only $32,310,736, the surplus
taken out of bank reserves was $12,123,687. The natural result of such an accumulation as over 12 million
dollars in the Sub-Treasury in a single month of active
crop movements has been averted by bond purchases,
&c. But having escaped that, the question presses as
to the future.
Is the twelve-million surplus in September to be repeated during succeeding months if so,
to keep the monetary situation from becoming quite
strained during the remaining three months of the
calendar year will be a problem of some dif-
ferred to
;
?
Our readers know how often we have rethe great need there is for the amendment
governing the Sub-Treasury revenue moveof the country have been
disturbed by an accumulating surplus year after year,
Oa occaespecially at times of industrial activity.
sions enterprise has thereby been obstructed, great
losses to merchants caused, and yet the public seems
to have no way of getting at the ear of Congress. Cannot the Bankers' Convention be relied upon to consider
this matter of a relief measure.
We would like to
have the whole subject of the safe-keeping of Governof the law
ments.
The money markets
hand and revised. But that
ficulty.
would entail a long work, and is not needful for the
A more hopeful prospect is obtained if the average cure of its worst feature. We have often shown how
surplus during the last three months may be depended easily, by a few slight amendments to the law, the
upon as a guide to a judgment with reference to the embarrassment it now causes to the money market
future
that is to say, a less formidable accumulation
Treasury will remain to be dealt with. For instance, the revenue from July 1 to Oct. 1 was this
year $142,148,888 against $144,948,243 in 1900, or an
average monthly decrease of less than one million dollars
(instead of 3£ million dollars, the average estimated
decrease), while the outgoes were $123,969,826, leav;
in the
months only $18,179,063 surplus (or
an average of 6 million dollars a month) instead of over
ing for the three
12 millions in the single
sides, this
month
of September.
Be-
18 million dollars Treasury accumulation
ment funds taken
in
could be remedied. Let the Convention appoint a committee of its best men, not bankers alone, to bring the
matter to the attention of Congress, and to push it until
the needed legislation is obtained. We are sure that
its obstructive influence only requires to be explained
and understood there to induce speedy action.
THE SI EEL CORPORATION AND INDUSTRIAL EARNINGS REPORTS.
A number of incidents this week and last — notably
more than overcome bj Secretary Gage's pur- Tuesday's report of earnings by the Steel Corporation
chase of bonds. He stated in Chicago September 30th
have combined to bring into active discussion the
that during the last three months he had bought question of industrial company reports. The lack of
bonds having a face value of $19,500,000, for which frequent and illuminating statements of their financial
he had paid over $24,000,000. In this and other ways status, by such companies, is not a new question. It
has been
—
the actual cash in the Treasury instead of being increased (during the three months ending with Oct. 1)
has risen perennially as a topic of controversy ever
since the great industrial corporations first sought to
THB CHRONICLE
698
[Vol. LXX1II.
Exchange.
market. But a crash in prices, the meaning of which
This movement really began in 1891 the discussion the investor does not understand until too late reduction of dividends by some companies ; admissions
has therefore lasted fully ten years.
by others that dividends paid had not been earned by
the
during
The position of the industrial companies
greater part of this time was that they [could not the year's or quarter's trade ; announcement by sevdistribute their shares through the Stock
;
;
hade operations eral that incidents of which the general public had
when their competitors could obtain and make use of known little or nothing had brought an actual loss to
such reports. One of the earlier companies of this the year's transactions all these circumstances, comgroup to figure on the Stock Exchange, the National ing with the shock of amazement and surprise on the
afford to publish the
facts
of their
—
Cordage, started by publishing a fairly complete minds of small investors, have inevitably revived the
But at the close of question of adequate earnings statements.
annual report and balance sheet.
We think it greatly to the credit of the United
1892 the directors suppressed all comment on the
year's results, cut down the fiscal showing to a bald States Steel Corporation that its directors should have
statement that profits of the year were so much and foreseen this drift of public feeling and met it, when
dividends so much, and added by way of explanation: it came, with what we believe to be the fullest and
"Owing to the attacks made upon large corporations frankest earnings statement ever submitted, outside
by competitors, it was decided to issue no more full of an annual report, by a great industrial concern.
We have referred elsewhere to the actual showing of
reports of the year's business than the following."
statement; but to our mind the fact that the
managers of the industrial corporations broadly in- statement was made at all, with the completeness
timated that the outside investor had no right which characterizes it, is the significant part of the
It means that the largest and most comto ask for such reports; that he knew the policy occurrence.
By way
of
emphasizing this view of
the
case,
companies and was not compelled to deal
in their shares unless he chose; that therefore
demand for statements was in the nature of an impertinence.
But this argument hardly survived the
episode in the history of the Cordage Company itself,
which followed swiftly on its return to corporate
secrecy.
When representatives of the bankruptcy
courts took this company's accounts in hand, they
found that the facts which the directors objected to
making public were facts which would have disclosed
of
the
some wildly reckless
by "Cordage" shares
deed,
it
financiering.
The
part played
in the panic of 1893, which, in
really introduced
by falling from 147, on pay-
ment
of an unearned dividend, to 9f four months
later on its declaration of insolvency, convinced the
majority of thinking people that these great masses of
stock plunging about in the sea of Wall Street speculation, with not a light to warn the rest of the market
where they really stood, were a distinct and formidable menace.
Nevertheless, the companies yielded very slowly to
the demand for information. The Stock Exchange
at one time endeavored to enforce some greater degree of publicity, but it went no further than exacting
reasonably full reports of condition at the time
when
sought to have their shares formally
In a few cases State authorities, by threat
of hostile action against the business of a combination, extorted annual reports from companies which
were withholding them. This was done by the State
of Massachusetts in 1898, when the Sugar Company
had failed to submit its usual annual balance sheet to
But, taking the situation as a whole,
shareholders.
it must be admitted that the majority of industrial
corporations whose shares are actively dealt in on the
Stock Exchange give no more information to investors or the public than they or their predecessors
companies
"listed."
did ten years ago.
This is a somewhat remarkable result, in view of
the immense increase in the amount of such securities since the financial revival began in 1898.
The
discussion has lately, however, come to a more decided focus a natural result of disappointment over
the outcome of the last year's operations in a number
of such combinations.
The average investor asks few
—
questions while his
money and pushes
company makes more and more
its shares higher and higher on the
this
plicated of all the industrial combinations can
make
a
statement even of monthly earnings, and is willing to
do so. This of itself is a development whose future
influence on the general problem will be very great.
There is another reason, beside the frank recognition
of
the public's right to
know
the facts,
why
the
both wise in itself and cerIn all the many discussions of the trust problem during the two past years,
the one point on which all critics seemed to agree
was the^danger incurred by investors, and by the public generally, when active speculation should be invited in shares of whose actual situation and earning
value no information was accessible. This phase of
the matter can hardly fail to come up before Congress jin the approaching session, for the reason that
the Industrial Commission, which for two years has
labored on the problem, will then make its report.
That report will certainly touch the question of earn" Many of the witnesses," says the
ings statements.
Commission in its preliminary statement, "including
even representatives of combinations, are of the opinion that a much greater publicity regarding the affairs [of such combinations than is now customary
would tend to remove many of the evils.
As regards
the general public, the knowledge thus secured would
avail to prevent the maintenance of extortionate
Steel Corporation's
move
is
tain to be widely imitated.
well as unfair methods
and conditions of
Stockholders and investors would also
competition.
be protected against abuses by promoters and officers
prices
as
of corporations."
The Commission
itself
the measures which
it
speaks cautiously. Among
proposes to be "severally
adopted by the States, or so far as possible by the
Federal Government," is the following, that " the
larger corporations the so-called trusts should be
required to publish annually a properly audited report,
showing in reasonable detail their assets and liabilities,
with profit or loss ; such report and audit under oath
to be subject to Government inspection."
This, it will be observed, does not go much further
than to require by law the practice observed in annual
reports by perhaps the majority of the larger combiThe question is whether Congress will not
nations.
attempt to go considerably further. Of this much,
however, we are sure: that the sooner the companies
make up their minds to follow the Steel Corporation's
—
—
OcroBst
5,
THE CHRONICLE.
1901.
lead and meet the investor's request fairly and reasonably, the
more remote becomes
at
once the prospect of
really aggressive legislation.
LOUISVILLE A NASHVILLE REPOR1.
«99
have felt assured of the position of the system and
have thought that the only thing needed to maintain
its prosperity was to provide from time to time .for
the judicious construction of needed branches, while
taking care of course that the property was also kept
in the highest state
of
operating efficiency, so that
The annual report of the Louisville & Nashville
Iiailroad Company shows continued progress on the
part of this important railroad property. The further
the
expansion In revenues during the late
average rates than most of the larger roads in the
Northwest or Southwest. In the late year the aver-
fiscal
year was
company might move traffic at a minimum of cost.
One faot should not escape notice, namely that the
L.
& N.
is
obliged to carry freight at
not so phenomenal
some other large companies, and yet reached considera- age improved
or sensational as in the case of
ble
proportions.
Moreover,
the increase has been
going on for several successive years, and in the aggregate is hardly less noteworthy than that recorded
by Western railroad companies of the same size. The
truth is that the Louisville & Nashville is one of those
steady- going concerns whose income, while necessarily
affected more or less by the ups and downs of general
not subject to the wild fluctuations experienced by the systems in the newer or undeveloped
Its lines run through the
sections of the country.
older and on the whole the best parts (from a traffic
standpoint) of the South, and under capable management its. business and income grows with the advance
in population and industrial activity of the territrade,
is
much
lower
and yet waB only 7*69 mills per
ton per mile. The average on the Milwaukee & St
Paul for the same twelve months was 8*01 mills, on
the Northern Pacific 9 44 mills, on the Missouri Kansas & Texas 9-27 mills, and on the Atchison Topeka &
Santa Fe 1007 mills. Perhaps it may be supposed
that the rate has always been low that is, that no
Not so.
great decrease has occurred in recent years.
Ten years ago the average was 970 mills, against 7 69
slightly,
—
now, so that there has been a considerable decline, showing that the Louisville & Nashville management have had the same problem to meet as those
mills
administering other railroad properties.
We
have stated that the rate for the late year was
somewhat better than for the year preceding. The
tory traversed.
comparison is 7*69 mills, against 7-58 mills. The true
It is worth noting, too, that there has been no at- cause of this enhancement of the average does not
tempt in recent years to take on any very great seem to be commonly understood.
As the exmanagement
have
The
amount of additional road.
perience of the roads in other parts of the country
pursued a decidedly conservative policy in this re- has been the same nearly all showing a higher average
spect.
They have not joined in any degree in the
the disposition is to ascribe the increase to a better
general movement for the absorption and acquisition rate situation and to actual increases in rates to shipof neighboring lines, which has become such a dis- pers for the same transportation service.
We think
—
—
tinctive
feature in the later railroad history of the
The reader knows
what dimensions the
Southern Railway has been raised through new acquisitions, and a similar tendency has prevailed elsewhere, though itjbas attracted less attention, since,
South.
to
the systems being smaller, the expansion] in mileage has
The Seaboard Air Line is a wholly
also been smaller.
recent creation formed out of existing roads, though
with a large addition of entirely new mileage to con-
nect the different parts, and the Atlantic Coast Line
and even the Plant system have been actively at work
absorbing and uniting the various properties in their
respective domains, much of which, while previously controlled,
had not yet been effectively bound to
Through it all the Louisville &
the parent concern.
Nashville
management have apparently been
undis-
In the case of Western
roads the argument seems plausible enough, for there
greater harmony among railroad interests has undoubtedly served to improve the rate situation and
thus tended to give the carriers better rates on certain
We think even here, howclasses of commodities.
ever, the effect of that circumstance has been greatly
exaggerated. In the case of the Louisville & Nashville,
we do not think it applies at all. In Sonthern territory there has been no demoralization in rates for years,
and hence it cannot be claimed that rates are better
To what then is the
maintained than they were before
higher average on the Louisville & Nashville due ?
The increase is really trifling, averaging only about
1£ per cent, and it is due, in our estimation, to the
fact that the road had a larger traffic in merchandise
this
is
a mistaken notion.
.
Looking back over a period of ten years, it is and other high-class freights, on which rates are much
seen that they have added considerably to their mile- above those charged on the bulky and low-class
age, but the additions have been mainly in the way of freights.
Obviously the average on any given road
new branches or extensions, more particularly in the iron will vary not only as rates are raised or lowered but
and coal districts, the resources of which are in this also as the ratio of the higher to the lower classes of
manner being effectively developed.
We are in the
freight is increased or decreased.
turbed.
The company
controls a large
amount
of
road
midst of a period of great trade activity, when every-
whose operations and 'accounts are kept separate, but body engaged in legitimate pursuits is making money,
which must be taken into consideration in viewing and spending it too. This means that high-class arti-
—those bearing the best rates— are beiug
Including
these controlled roads, the mileage June 30 1901 was
5,324 miles, which compares] with 4,708 miles ten
This is only 13 per
years before on June 30 1891.
cent increase for the whole decade. As concerns the
mileage on which operations are based, that was close
to three thousand miles as early as 1892-93, being
then 2,942 miles; while for the late year [the average
cles
was but
$9,789,173, as against only $9,138,973 in the year
Dividends, it will be remembered, were
preceding.
its
policy in
little
to shewjthat
the particular mentioned.
larger at
3,169 miles.
All of this goes
the Louisville 4 & Nashville
management
in increasing quantities over the railroads,
shipped
and
it
is
by reason of that fact, we take it, that the average not only on the Louisville & Nashville but on
chiefly
—
other roads has risen albeit the rise is small.
It need hardly be said that the income account of
the Louisville & Nashville for the late year is \ ery
The company made net earnings of
satisfactory.
THE CHRONICLE
700
[Vol..
LXXIIl.
A number of changes have been introduced in the
With the
from 4 per cent to 5 per cent.
this
balance
sheet and in several of the other tables in the
larger net earnings the company was able to pay
These add to the labor of making compari5 per cent and carry forward a surplus a little above report.
that even for 1899-1900, when only X per cent was sons with the old forms of statements, but are to be
raised
paid.
The
surplus
is
$1,586,11:}. as against $1,507,234.
The
the
stock being $55, 000,000 (all issued
$2,200,000 formerly in the treasury having been sold
during the year), this is equivalent to nearly 3 per
cent on the same. That if. besides paving 5 per cent,
now.,
commended, because they
simplification of
are in the nature of
a
the accounts, and tend to give a
clearer presentation of essential facts.
A 2 CHISON'S
1
RA NS FORMA TION.
the road had a credit balance on the year's operations
Of all the wonderful transformations effected
equal to almost 3 per cent more.
We have stated above that the further increase in amongst railroad properties in the United States durgross earnings during the late year had not been ex- ing the last three or four years, that of the AtchiBon
From the face of the returns it Topeka & Santa l-'o stands foremost. The present is
ceptionally large.
the gain had been only about only the sixth annual report issued by the reorganized
$280,000, the total of the gross for 1900-01 being re- company, and yet such are the prosperous results disported at $28,022,206, against $27,742,378 for 1899- closed that one might well imagine, in considering
might appear
00.
But a
as
if
foot note explains that earnings on freight
carried for the company's
use have been eliminated
the showing for the late year by
that he was
itself,
dealing with the accounts of one of the oldest and
from the results for the late year. This is an im- best- established properties in the United States. I'.y
portant change in method. The company has never this we mean more particularly that the surplus above
credited itself with any profit on this business, but charges is of such dimensions that one would ordithe practice has been to include the cost of doing the
work in the expenses, and then to increase gross reNow the item is elimiceipts by the same amount.
narily expect to find so striking a result only in the
case of the staunchest dividend-payers.
Atchison
is
a
Instead, the
company which, even on the low
basis of
being taken either interest charges provided under the reorganization,
The effect of the change on did not quite [earn ^these charges only four years
in earnings or expenses.
net earnings of course is nil, but in the case of both ago.
Roughly, 8i"million dollars ($8,242,744) was the
gross earnings and expenses the totals are reduced by
nated altogether, no account of
it
the amount of that item, which for 190001 was $1,- amount of the further addition to the gross earnings
Adding this latter, gross for the late during the late year. Noteworthy though this increase
193,518.
year on the old basis would be $29,215,725, which is in amount and in ratio, too, for that matter, the
compares with $27,742,379 for the year preceding, latter being nearly 18 per cent it gives, when taken
thus showing an increase of $1,473,345. As already alone, only an imperfect idea of the expansion
The gain follows 5f million
stated, the growth in earnings has been continuous for which has taken place.
—
many
and if we would see the ex
tent of the expansion, we have only to compare the
present $29,215,725 with the total for 1893 -4, which
was only $18,974,336, or with that for 1894-95, which
was $19,275,993.
Expenses for the late year were apparently reduced
$370,000, but this result follows from the cause
already mentioned, namely the exclusion of the cost
Siid itemjwas $1,193,of moving company freight.
518 for 1900-1901 and $1,131,284 for 1899-1900.; With
it included in both years, we are in position to make
a correct comparison, and find that expenses were
a great
years
past,
•
dollars
increase
—
the previous year,
and
it
follows
nearly 10 million dollars increase in the two years
Perhaps the best way
metamorphosis which has occurred is
while in 1896 97 the total of the gross
for 1900-01 it was $54,474,822.
The
preceding.
feature of this growth
is
that
it
to indicate
the
to point out that
was $30,621,230,
most gratifying
has extended to all
branches of the set vice, and that the increase has
been continuous and uninterrupted, each year yielding
a better result than its predecessor. Thus the freight
earnings rose from $22,067,686 in 1897 to $28,588,716
in 1898, to $29,492,586 in 1899, to $33,729,332 in
$19,426,552 in the late year, as against $18,603,406 in 1900 and to $39,052,557 in 1901. But let no one supthe year preceding an augmentation of $823,146. pose that the gain has been confined to the freight
On examination, the expense accounts on this even department. The passenger earnings in the four
basis disclose interesting and gratifying results. Thus years more than doubled, increasing from $5,574,288
though the road moved 74,311,230 more tons of in 1897 to $7,347,361 in 1898, to $8,126,141 in
freight one mile and 17,306,158 moreJ{passengers one 1899, to $9,334,661 in 1900 and to $11,678,017 in
mile, and labor, fuel and supplies were higher, cost of 1901.
conducting transportation was added to only $423,561,
In 1896-'97 the net income fell $87,934 short of
while general expenses were reduced $275,507. On meeting the obligatory fixed charges and the interest
the other hand, the amount spent on maintenance ac- on the adjustment incomes.
In 1897-98 this was
having
enlarged
by $675,091,
been $8,351,- changed to a surplus of $1,836,584. In 1898-'99 the
count was
602 for the late year, against $7,676,511 for the year surplus was increased to $4,187,997. In 1899-1900 the
Since 1894 improvement .outlays have amount was further swelled to $9,739,305, and now
preceding.
been included in expenses, instead of being charged to for 1900-1901 we have a surplus of $12,474,529. Put
These improvement "outlays so in- in another form, with fixed charges of $7,830,810,
capital account.
cluded in 1900-1901 were $1,474,502, and in 1899- the company had available net income of $20,305,339.
1900 were $1,021,843. As the increase in this latter As stated last week, too, this is after including in excase is $452,659, while the aggregate maintenance ex- penses the sum of $900,000 which was credited to the
penses increased as much as $675,091, it is evident Special Betterment F und. O ut of the $ 12,474,529 surthat enlarged amounts were put out on maintenance plus for the twelve months, 5 per cent in dividends has
account independent of the outlays in the classes been paid on the preferred stock, calling for $5,708,of items specifically called improvements.
690, deducting which $6,765,839 remains, equal to
—
OCTOBBR
5,
THR OHBONICLR
1901.]
on the $102,000,000 of common stock.
Only one dividend of 1£ per cent has yet been paid
on this sto <k, and rumor this week had'it that the
next semi-annual dividend on,theso shares (about to
Besides the *900,000
be declared) will be 2 per cent.
been
included
in expenses,
for betterments which has
another $1,000,000 has been taken from]accumulated
surplus (or profit and loss) and also credited to the
Special Betterment Fund.
Of course the question which everybodyUs asking
ovti 6 per cent
is
whether
this
phenomenal record
likely to be interrupted by
the
of prosperity
great failure
of
is
the
corn crop which has occurred the present season,
particularly in the territory traversed by the Atchison
system or, to be more precise, in Kansas and Missouri.
President Ripley is of the opinion that it will
not.
He points out that the direct gross earnings derived from the transportation of corn in the late year
was no more than $600,000, and that of this about
;
701
ard of the property with outlays out of earnings and
the other the achievement of genuine operating
economy. In the Atchison case, however, the most
noteworthy feature is the very large addition to cost
of conducting transportation and the relatively small
increase in the amounts charged to expenses upon
maintenance account at |least for maintenance of
The explanation, though, is
road and structures.
—
As
far as the
addition to the cost of
concerned, the road did a
vastly increased business in both the passenger and
the freight departments, while labor, fuel and supvery simple.
conducting transportation
is
Besides this, the report mentions a number of special circumstances and drawbacks which operated greatly to increase the explies
were
penses,
all
higher.
such as the strike at the coal mines
in
New
Mexico, &c
But
chief consideration will
be given to the maintenance expenses.
If these are smaller than they
were a few years ago, it is simply because they were of
unusual extent at that time. The truth is, the Atch-
one third came from sections in which corn has sufThe indirect loss of earnfered little or no damage.
ings that may follow (on cattle, hogs, etc.) he ison began much earlier than most other large sysdoes not undertake to compute, but he is of the tems to make extensive improvements out of earnopinion that "increased tonnage in other lines ings. It will perhaps be recalled that these outlays
of business and other territory will quite compensate then were of such extent that the officials frequently
therefor/' While it is not well to be too confident on felt it incumbent upon them to direct attention to
this point, analysis of
the traffic statistics disclost
s
and to assure the security
the special work then under
their exceptional character
some features that seem to go to confirm the theory holders that as soon as
may be less than generally supposed. A way was completed, a decrease in the expenses of that
fact which is quite generally overlooked is that we class might be looked for.
This is precisely what has
Nothing else is needed to explain why
shall not be comparing with a full corn crop last happened.
season, but with a crop which was itself a partial fail- Maintenance of Road and Structures stands charged
ure.
This will reduce the loss by comparison that with only $6,433,810 in the late fiscal year and with
that the loss
—
is,
the loss will be less because a considerable loss was
but $6,354,372 in the previous fiscal year, as against
$7,672,107 in 1898-99 and $8,281,397 in 1897-98.
It
by the
present report. The corn yield in Kansas was should perhaps be added that even at this reduced
only 163 million bushels in 1900,
whereas it amount these maintenance expenses on road and
had been 237 million bushels in 1899. This fact is structures averaged $824 per mile.
In equipment maintenance there has been no reducreflected in Atchison's tonnage movement, showing but
tion
but a further increase, the item being $6,257,456
447,492 tons of corn moved in 1900-01, against 591,786
tons in 1899-1900. It is also reflected in the tonnago for 1900-01, against $5,267,832 for 1899-1900, $4,810,in live stock, which was only 889,997 tons \m the late 795 for 1898-99 and $4,659,278 for 1897-98.
The
Onthe amount charged averaged $2,858 per locomotive, $728
year, against 1,102,937 tons the year before.
great
leap per passenger car and $79 per freight car.
took
a
other hand, the tonnage in wheat
The reupward, being 1,405,034 tons in 1900-01, against but port states that the equipment taken over by the
611,021 tons in 1899 1900. The increase here|followed reorganized company in 1896 was distinctly inferior,
from th", extraordinary wheat crop raised in the both as to cars and engines; and it has been the conSouthwest in 1900. There is every prospect that this stant aim of the management to bring it up to modern
large wheat tonnage will be duplicated the current standards without addition to capital account.
Such
fiscal year, since though the present season's corn crop charges as have been made to capital represent addiin the Southwest will be a failure, the wheat harvest tions to cars and engines.
All other increase in
in that section this year has been no less prodigal capacity, it is noted, has been charged to operatthan that of last year. It should be remembered, too, ing expenses.
It
should also be remembered
that thus far in the new fiscal year earnings have kept that independent of the maintenance expenses for
on expanding, the gross for July and August showing road and structures and for equipment, $900,000 was
an increase over the same two months of 1900 of $1,- included in the year's operating expenses as a separate
753,682 and the net an increase of $1,213,721, which item for Special Betterment Account. Taking this into
will go to that extent to offset any loss in the lat- the reckoning, the charges in the late year were deter months of the fiscal year from the corn crop cidedly the largest in the company's history, even exceeding those for the early years to which we have
shortage.
A few words with reference to the AtchiBon's ex- already referred, when the amounts were particularly
penses will not be out of place. The course of the heavy. In other words, for maintenance of way and
same has been different from that of other large rail- structures, for maintenance of equipment and for
road systems, as indicated by their recent annual betterments combined, the aggregate the late year
reports.
In these other cases the striking feature has was $13,591,297, against $11,622,204 the previous
been the vastly increased amounts spent upon main- year, $12,482,902 in 1898-99 and $12,940,675 In 1807tenance account and the comparatively small ad- 98. At $13,591,297 these.; expenses figure out $1,740
the per mile of road operated, which shows how very
ditions in the cost of conducting transportation
one reflecting the general policy of raising the stand- liberal the outlays have been.
already
experienced
in
the
year
covered
—
THE CHRONICLE.
702
4TEM8 ABOUT BANKS. BANKERS AND TRU8T CO'S
—The auction sales of
[Vol. LIXIII.
Deputy Superintendent of Banks of the State of New York
James S. Thurston, who resigned, to take effect
in place of
bank stocks this week aggregate 71 October 1.
which 70 shares were of a Brooklyn Bank. North
—William B. Rldgely, the new Comptroller of the CurAmerican Trust Company stock was sold at auction to the rency, entered upon the discharge of his duties on Tuesday.
extent of 70 shares, in three lots. No sales of either class
—At the annual meeting on Tuesday of the New York
have been made at the Stock Exchange. la the "outside" Clearing
House Association, George F. Baker, President of
market 50 shares of the National Broadway Bank, changes the
First National Bank, was re-elected President of the Asin the management of whioe are noted in another item in
sociation and Henry P. Davison, President of the Liberty
this department, were sold at 400.
This represents an ad- National
Bank, was re-elected Secretary. William Sherer,
vance over the price paid at the last previous public sale the
Manager, and William J. Gilpin, the Assistant Manager,
(August 14) of 89% points.
National City Bank stock was were
reappointed. The Clearing House Committee consists
sold in small lots at 630 and Atlantic Trust Co. at 289^.
of William A. Nash, President of the Corn Exchange Bank,
Mkart.i.
Bank— Yew For*.
Last Previous BaU Chairman;
Prict,
George G. Williams, President of the Chemical
1 Produce Exohange Bank
165
Aug. 1901- 150^
National
Bank;
James T. Woodward, President of the HanBank—Brooklyn.
shares, of
70 Mechanics' Bank
215
July
1901- 215
over National Bank; Stephen Baker, President of the Bank
Manhattan Company, and Charles H. Fancher, Presi245
Sept 1901- 250
dent of the Irving National Bank. Mr. Nash for the tenth
It was announced on Wednesday that Charles W. Morse
had bought a controlling interest in the stock of the National time has been made a member and for the third time ChairBroadway Bank. The transfer of the stock was promptly man of this important committee. He was President of the
made and the change in the management took place on Association in 1895 and 1896.
The clearings during the year were unprecedentedly large,
Thursday. Francis A. Palmer, the President, who has been
Thejbalances were $3,515,connected with the institution for more than half a century, amounting to $77,030,672,493 65.
037,741 05. The largest daily transactions on record were on
retired, and he was succeeded by Miles M. O'Brien, who has
May 10 1901, when the clearings were $598,537,409 64 and
for thirty-five years been associated with H. B. Claflin
Co.
the
balances Jwere $23,873,115 92. The average daily clearT. Albeus Adams, President of the Gansevoort Bank, and
ings for the year were $354,193,688 and the average daily
Charles W. Morse became the Vice-Presidents. The latter is
balances were $11,600,784— both of which were the largest on
also Vice-President of the Bank of the State of New York
record.
and of the Garfiald National Bank, and he is a director in
—The increased capital (from $1,500,000 to $3,000,000) of
the Bank of New Amsterdam, in the Lincoln National Bank,
in the City Trust Co., in the New York Produce Exchange the Fourth Street National Bank of Philadelphia became
Bank and in the Sprague National Bank of Brooklyn. effective this week, when the entire payment of $200 each
"The National Broadway Bank has a capital of $1,000,000 was made on the 15,000 new shares. The surplus, as noted
and surplus and undivided profits of $1,569,131. The hereinbefore, was increased $1,500,000 by this operation,
average deposits reported in last week's bank state making its present amount $3,500,000. Some of the new inFrancis A. Palmer, the retiring terests will shortly be represented on the board of directors.
•ment were $5,213,700.
Tbdbt Oompajiy—New York.
70 North American Trust Co
of the
—
&
—
of the Broadway Savings InA further important addition has been made to the
Park Place, in the same building with the directory of the Washington National Bank of Boston by
Broadway Bank. Hudson Hoagland and Seth E. Thomas the election to the board of Mr. S. Reed Anthony, of the
retired as directors of the Broadway Bank; the former was well-known Boston firm of Messrs. Tucker, Anthony & Co.
President,
is
President
stitution, at No. 4
Vice-President of the bank.
—It
—The stockholders of
the Farmers' Deposit National
Bank
reported that Frederick D. Kilburn, Superintendent
of the Banking Department of the State of New York, has
been offered the Presidency of the reorganized Seventh National Bank of this city when the reorganization shall be
meet on November 6 to consider a proposition to increase the capital.
The present amount at which
the bank is capitalized is $500,000, and this will be advanced
to $800,000.
The new shares (3,000), although of a par value
perfected.
of $100, will be sold to existing shareholders at $800 per
is
—The following announcem ant was made
at the Treasury
of Pittsburg will
share, therefore realizing $2,400,000.
we have
On several
occasions
steady growth of this instituDepartment on Wednesday
"The Secretary of the Treasury announces that It is the intention of tion, and in the Chronicle of June 15 noted the purchase
the Treasury Department to discontinue purchases of bonds for the by the bank of a valuable pie^e of property, on which work
Sinking Fund as soon as the amount of $20,000,000, for which pro
was this week started for the erection of a n6W building.
The
posals were invited on Sept. 10, shall have been obtained.
TheJientire payments have now been made on the new
amount already purchased is $17,650,750, leaving but $2,349,250 still
to be purchased. This amount will be bought in accordance with the issues of stock of the Real Estate Trust Company, of Pittsterms heretofore established, namely, a basis of 1726 for the 3 per burg, so that the bank now has a capital of $2,000,000, double
cent bonds, loan of 1908-1918; 4 per oent bonds, funded loan of 1907, the|former amount. It will be remembered that
$3,500,000
and 5 per cent bonds, loan of 1904, and 1 40 flat for the 4 per cent
realized by th9 sale, of which $1,500,000 was added to
was
1925."
of
bonds, loan
called, attention to the
—
surplus.
the
Almost immediately thereafter, or at noon on that day, it
—The full amount of the increased capital has also been
was stated that offers of bonds had been made and accepted
aggregating $2,350,000, making the total of bonds purchased paid by the stockholders of the Pittsburg Trust Company of
under the order of September 10 $20,000,750, exclusive of Pittsburg. The amount obtained by the sale of this compremiums. The original order of Sept. 10 provided for tend- pany's stock was $4,000,000; the addition to the capital was
doubling that item, while the other $3,000,000
ers for the bonds named on account of the Sinking Fund until $1,000,000, thus
On the
following day, the 13th, the Secretary anof purchases under the order of
resumption
the
nounced
also stated that proposals
Department
March 30 last and the
would be considered for the purchase of bonds of the 4 per
cent loan of 1935 at a prioe not exceeding 140 fiat. The notice
of suspension above given applies to purchases of bonds
the 12th.
went^to surplus.
—Still another Pittsburg institution which voted to increase
its capital and surplus reports the full amount due on its new
stock as paid. This is the Second National Bank, the capital
of which has been raised from $300,000 to $600,000. The
amount gained by the surplus account as a result of the sale
under the order of September 10 as extended on September is $1,800,000.
The order of March 30, which limits purchases to the 3
13.
—At a meeting on the 27th ult. the directors of the Comper cents, the 4 per cents of 1907 and the 5 per cents of 1904 mercial National Bank of Chicago declared a quarterly diviis assumed to be still in force.
dend of 3 per cent on the increased capital stock of that inSpeyer
by
&
Co.
to
the
New stitution—now $2,000,000. Thus a 12 per-cent basis is mainApplication has been made
York Stock Exchange to list 15,000,000 marks of the Z% per tained on the shares, the same as before the bank's capital
cent bonds of 1901 of the City of Frankfort, Germany. These was doubled. President Eckels has good reason to be proud
bonds were brought out by Speyer & Co., and they are part of of the phenomenal growth and prosperity of this bank under
a total issue of 27,000,000 marks.
his administration, and so have his stockholders.
—
—
William J. Youngs, formerly private secretary to President Roosevelt when he was Governor, has been appointed
—
The vaults of the Chicago Safety Deposit Company, in
the basement of the new Chicago National Bank Building, are
OCrTOBEK
5,
1901.
THB CHRONICLK.
J
nearim? completion, and it is thought they will be ready for
pnblio use by November 1. These vaults are among the
finest in their equipment of any in the West.
—A
tional
record price for the stock of the
Bank
of Chicago
was made
last
in a sale at
per share.
—A
new
building
is
now
when
in
—The Albany National Bank of Albany, N.
sumed the payment of dividends on its stock by
Monday.
tion of \)i per cent, payable on
elapsed since the last dividend
has re-
Y.,
the declara-
Two
years have
was paid, and the bunk is
upon
entering
a
new
evidently
plane of prosperity.
now
$393
Bank
of
Mechanics'
Detroit,
Mich., whose charter
—The
Corn Exchange Na-
week
ro3
process of construction in
completed, will be the permaMarietta, Ohio, which,
nent heme of the First Natioral Bank of that city. The
building is in a most desirable location, on a corner lot, and
MaDy
is to be equipped with every modern convenience.
prominent companies (including the Standard Oil Company)
have secured offices in the structure, which is expected to be
ready for occupancy by January 1. The entire second floor
reserved for the bank, the offict rs of which are: President,
Mills; Vice-President, T. W. Moore; Cashier, Joseph
S. Goebel, and Assistant Cashier, George C. Best.
is
W. W.
—Mr.
Frederick M. Smith, security broker and auctioneer
Auburn, N. Y., is engaged in organizing the Auburn
Trust Company, with a capital of $300,000 and surplus of
expired on September
thirty years.
30,
n organised
has been
The bank was
term of
for a
originally started in 1848.
capital has been $100,000, but
Its
under the new charter there
an increase to $250,000.
will be
—
Among the banks of this city which have lately been
improving their banking quarters is the National Citizens'
Bank, located at 401 Broadway. The entire building has
been put in a thoroughly up-to-date and modern style, white
marble and bronze being largely used for the interior work.
The staff of officials of the National Citizens' consists of
Ewald Fleitmann, President; D. C. Tiebout and Edwin S.
Schenck, Vice Presidents; Henry Dimse, Cashier.
of
—
Clearings by Telegraph.— Sales of Stocks, Bonds, ke.
The subjoined table, covering clearings for the current week,
A meeting of the stockholders of the California Bank of usually appears on the first page of the Cheonicle, but on
Los Angeles, Cal., has been called for Novamber 16, the ob- account of the length of the other tables is crowded out
ject being to vote on the question of increasing the capital once a month. The figures are received by telegraph from
from $250,000 to $330,000. As the par value of the stock is the leading cities. It will be observed that as compared with
$100 per share, 1,000 new shares will be issued if the increase the corresponding week of 1900 there is an increase in the
The President is Mr. W. F. Botsford; Vice- aggregate of 23*1 per cent. So far as the individual cities are
is approved.
President, I. B. Newton; Cashier, J. Q-. Mossin, and Assist- concerned, New York exhibits a gain of 31 4 per cent, Boston
21*8 per cent, Philadelphia 250 per cent, Chicago 9*4 per
ant Cashier, T. W. Phelps.
cent, Baltimore 2*2 per cent and St. Louis 26-5 per cent. New
Messrs. King, Hodenpyl & Co., Chicago stock and bond
Orleans records a Joss of 14 8 per cent.
brokers, will open an office at 7 Wall Street about NovemOuaHngt— Returns by Teltpravh.
ber 1. Mr. Anton G. Hodenpyl will have charge of the New
1901.
P.Ctnt
1900.
Week Ending October 5.
$1C0,000.
—
—
York office.
—The reorganized
Sew York
grain, provisions
and stock-brokerage
house of George H. Phillips, Chicago, has established three
branch offices in that city, viz., 190 Dearborn Street, with F.
B. McLorraine as Manager; 187 South Clark Street, with
Ben Block, Manager, and 14 State Street, with Jos, Keane,
Manager. The main office remains at 231 and 232 Rialto
Building.
—A new
Chloago
St. Louis
New Orleans
Seven
cities, 6
)t her oltles,
Total
company
is
—Mr. Kilby W. Shute, previously Acting Cashier, has been
appointed Cashier of the Cape Ann National Bank of Gloucester, Mass?. succeeding Hiram Rich.
The other officials of
this institution are Mr. John L. Stanley, President, and Mr.
N. H. Phillips, Vice-President.
6 days
day
Total all olttes for week
now
being formed in Colorado
Springs, in the organization of which Mr. A. E, Carlton,
President of the First National Bank of Cripple Creek, Col.,
and Treasurer of the Colorado Trading & Transfer Co. is
a prime mover. The capital of the company has been fixed
at $250,000 (par value 100 per share) and surplus at $50,000.
January 1 is the date on which business will probably begin.
trust
days
*
85.000 000
121213,474
97.669 671
8,329,768
9 658,018
$1.502,1 91.: 02
$1,194.191280
940.188413
226.108.439
$1,742,877,916
aSH.978,4Hl
$1,419,897,692
871,943.881
+S2 8
+24-6
$9,08 1,356,378
$1,891,941,078
+28-L
6 days
all oltles,
ill oltles, 1
$821,278,403
103,0b 5, 109
79,318,607
18,986.066
$1,078,948,083
126.629.d88
99,116.205
19.381,799
If 5,890,876
Boston.
Philadelphia
Baltimore
Partly estimated.
Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended. The results
for the nine months of 1901 are given below and for purposes
of comparison the figures for the corresponding period
of
1900 are also presented.
Xine Month*.
JXine Months, 1901.
Oucriptlon.
Par Value
Actual
or Quantity
Value.
Avtr'Qt
Price
Par Value
Quanta i
or
1900.
Actual
Avcr'tt
Value.
Price.
,
—At a meeting of the Wilmington, Del., Clearing House
Association this week, Mr. George S. Capelle was re-elected
President. Mr. Capelle is also President of the National Bank
Wilmington & Brandywine of Wilmington. Mr, Thomas
E. Young, Cashier of the Farmers' Bank of Wilmington, was
of
elected Secretary of the Association,
Bank will act as Manager.
—The following
directors
Commonwealth Bank
while the
were elected
Farmers'
218,848.830
$21131928025 18681230,846
SR. bonds..
aov't bonds
State bonds
Bank stock*
Total... $21905128170 17846888.523
831,778,125
472,042,3y0
G rain, bush.
Total vulue.
to the board of the
Rollins Morse
&
Bro., the well
known Boston bankers
and brokers, have opened offices in New York at No.
Street.
E. Rollins Morse is the resident partner.
—At the annual election of
6
Wall
the Boston S f ock Exchange,
held on Monday of this week, John Parkinson was re elected
President, Charles C. Jackson Vice-President and Sidney
Chase Treasurer. The members of the governing committee
for the term expiring in 1901 were re-elected for the term
ending 1903, with one exception. The list includes Charles
W. Tewksbnry, Frank
A. Day, Manning Emery, Ezra H.
Baker, Arthur L. Sweetser and the
Clement.
new member, Hazen
821,678.680
6l7.Sfc5.190
70S
751-5&
$6892066,164
17718928,913
IUI8 OF STOCKS AT MEW TOBK STOCK EXCHANGE.
ing this week: James R. Wheeler, the President; George
Yakel, Vice-President; Jesse F. Ely, Jordan Stabler, George
A. Blake, John N. Matthews, Louis Yakel, Jefferson J.
— E.
$8214(98C9: $5774199.974
78-7
74Kc.
The volume of transactions in share properties on the New
fork Stock Exchange each month since January 1 in 1901
and 1900 is indicated in the following:
of Baltimore at a stockholders' meet-
Walsh, Robert Biggs, Murray Vandiver. M. H. Ould, T. A.
Ashby, Joseph G. Valiant and Andrew C. Snyder.
81,608.138 $6489187,666
(V$7H84«« 82«2
$343,051,810 $278.81*,283 80 T
$6.6UO,110
t8.63S.822 1189
718
$1,683,300
$ 1,194, 47>
$166,234 198-4
$84,825
78-5
$662.7f<0.238 86-6
1788.320.8C
$1,483,970
tl.r38.4Hr. 113-9
$2,318,200
$670,978 S76
$li 9,475
$388,62'! 298-6
1901.
Honti,
Number
of Shares.
1900.
Valuet.
Par.
Actual.
t
Jan..
Feb..
lstqr 79,248,846 7.601,460,450 6,758,677,e61
April.. 41,719,088 4,089,407,800 8.515.023.2r
U.l.So.-'.x
Actual.
3.333.238.902 2.608.988.902
14,772,97* 1.434,106.700
May.... 36,292,208 3,440,179,575 2.683,101,46*
June... 19,795,612 1,980,766 551' 1,609,619,86
S
Par.
$
80.285.056 2.911,631.850 8,081,746,276 9,843,718
946.681.48
687.243,016)
21.909,822 2,126,937,450 1,678,947,69!- 10,193,::02
976,723,1-86
718,077,607
27,080,968 9.024,011,150 2,097,984,686 14.446.7f-2 1,409,933 650 1.101.018.407
March
2d
Value*.
Numba
of Share*
977.061,461
9,519.47:<
902.298.9O
610,41 1.418
7.308.687
704,924,66*
455,082,364
qr. 96,806,901 9,460,312,92o 7,707,774,62. 31,601.133 3,041,330,25* ?,04 2.065^43
mos. 176056748 1718 1883,37.' 134664E 2,28
.
.
1
"68,087,02^ 8.874.; 6U.21. 1.549.594.286
July...
16,024,86c. 1.577.408.16O 1,216,378.902
August
832.061.496 4,020.661
13,990,196 1,380.178,850 1,007,337,861 6.169,9c-
699,812,700
401.407.20tf
S93.J57.76i'
498,938,600
230.987.469
301,498.740
3d qr 40.788,884 4,018,104,950 8,114.776,061 15.421,113,1,490.039.050
939.893.121
Sept...
10.772,081 1.065,617.360
1
6.230,403,
9 mos. 8ie842630 21,134928326, 16,:8r23O34l«1.506.136|7.664.608,262
M89,48)
.•-..-.
THE CHRONICLE.
704
The following compilation covers the
•luce January
clearings by
monthh great Rmeian loan
ih post pom d until tbe early summer; and
French industrial entf-rpri-es duriDg the pint few years,
whether at home or abroad, have not b^en at all sa'i8fa:tory,
there is very little. inclination in any direction to engage in
as
1.
MONTHLY OLBARINOR.
Clearing,
Clearings ttutstde .\r» Vork.
7'jia. All.
Mnnrn
..
316325 9^2
W78.46-I 8'll
8.36H.BUB.H24
6.432.884. 33M[4-20>
786.214 3WW
110,749, 004
488.298 2H9 flOO
790.2-9 267 rll-7
April
Mar
Jane
6
months
7.6Z6.71H, 60? 4-31-y
(-34i
21.701.610.191
29,078,689.4<>
2d qaar..
9,107.289
S266.0'>1.417 fll'O
33ft
J
<IV>
010,428,193
886.972.74K
7,472.974 161
7.310.><32
615 4-764
106.77M.5l:)
0.667.616.
610+51?
.S4.wn.lTO.464 21.461.423.276
—62
64.021.018.019 43.163.042,
-48
•*
873,639 617
766.727. 20H +22-4
500.640. 163
H33.686, 46fi> +-28 4
244.996 35"
793.408, 269 flfl'l
10,119 070.228
383.720 ,1*82 +-20 7
038.772, ,84M 4-16
4 19.280 366,583
0,26e,0SO,l34V+*.9 7! 8.283,7f8 320
7.986,144,19- ,5.707.829.104 1+80-wl 8 066.595, 238
7.963.W98.276 6,626.611,118 +41-5 2.016,788 727
September
+471
623.040 588
2,460,98-,614
,469,98-
21-1
1
;
+ 18-1
7,«07,394,3C2
.20*3
28,543,637,918 24,3)6,166,051
+173
3d quar.. 26,316,786,828 17.689,620, »86 +43-9, 0,257.172
89.336,804,747 60,742,062.853
4-214
,704.3*5 ,'.'0
9.866,718,301
July
August.
months
+ 11-3
7.648,04-<, 9'6! f-40-i
10.003.889,73"
...
•
t
s
P.Vi
1900
1!K>1
10,716,440.805
rebrunry
1st qmar.
P.Cf
not,
f
March
88-.
I
The course of bank clearings at leading cities of the country
month of September and since January 1 in each of
the last four years is shown in the subjoined statement.
for the
BANK OI.EARINOS AT LHADING
— September.
(000.000*
1901.
1900.
1899.
omitted,
9
5,047
Hew
i
3,157
4,400
401
517
344
131
111
74
84
55
67
41
28
49
43
32
21
21
25
21
19
19
10
Denver
516
615
387
175
139
82
92
70
76
35
35
58
54
45
24
26
25
25
23
20
10
19
536
549
372
132
117
81
85
56
62
32
33
52
44
33
25
23
28
20
24
21
10
16
Total
York...
Boston
Chicago......
Philadelphia
St. Louis ....
Pittsburg.. .
Baltimore...
Ban Fran' 00.
Olnoinuatl. ..
Kansas City
Hew Orleans
Iionlsvllle...
Minneapolis.
Cleveland...
Detroit
Provldenoe..
Milwaukee..
Omaha
Buflalo
Columbus.
Bt. Paul
.
Hartford....
16-
GlTIfc.K.
Jan. 1 to Sept. 30
lt<00
L»99. 1898.
1901
$
t
$
3,414 60,793 86,407 45.204 29.S03
399 ,*>,403 4,434 5,221 3,862
438 5.630 6,015 4.816 3,965
277 4,0*0 3,441 3,572 2,669
114 1,637 1,214 1,196 1,043
725
77 1,544 1,190 1,102
799
936
669
69
897
691
739
845
693
70
49
729
687
548
480
456
419
542
50
666
361
306
26
310
406
315
301
255
24
344
357
300
401
39
394
376
284
32
522
418
26
317
307
255
398
239
189
20
253
234
19
218
207
190
236
233
214
224
28
211
190
180
156
18
223
190
153
17
197
238
166
146
180
175
19
103
93
101
96
9
124
109
12
169
160
,
1898
7,598
5,286
6.751
Other oltles..
366
341
329
5,246 85,909 57,683 66,813 46,891
255 3,428 3,060 2,704 2,261
Total all...
Outside N.Y.
7,964
2.917
5,627
2,470
7,080
2,630
5,50189,337 60,743 69,517 49,162
2,087 28,544 24,336 24,318 19,344
[From oar own oorreeponaent.j
London, Saturday, September 21, 1901.
The greatly regretted death of Mr. McKinley has practically
suspended business upon the Stock Exchange* this week. On
Saturday, though the formal closing of tae House could not
be effeoted, the members themselves agreed to disperse without doing any business. On Monday there was some itflu
ential buying of American securities; but the movement did
not last. On Thursday the Stock Exchange was officially
closed. To day and Moaday are Jewish holidays, when most
of the Jewish members of the House will be absent. As a
ooDsequence of all this there has been exceedingly little
doing. German operators bought Argentine securities in the
beginning of the week upon a considerable scale, a report
having been circulated in Berlin that the unification law
would be very soon re-introduced and that tbe Government
was confident of carrying it out. Nothing is known here of
such a decision and very little credence is attached* to the
report. French operators also bought largely Brazilian seUndoubtedly the Brazilian Government finances
curities.
are in a very satisfactory state. The Government is callicig
in and cancelingtlarge amounts of notes. It is likewise redeeming debt upon a large scale; and there is a very satisfactory rise in the exohange; but French buying has not
lasted, and there has been very little doing on British
account.
The date fixed in Lord Kitchener's proclamation ended on
Sunday, and practially no result has been effected. On the
contrary, the Boers are again very active, and they have
been able to inflict exasperating reverses|upon our troops.
It would look, therefore, as if the struggle was to continue
for some time yet; and that being so, the mining market is
of course much depressed, and there is little inclination to
;
deal in
new
business.
Germany the depression is doepening. There have of late
been two failures that have increased the very widespread
distrust already existing— one a small local bank in S >uth
G rmany and the other a large shipping comimny in North
Germany. The mere liabilities are not of a magnitude to
account for the depression mad^; but it is believed that very
serious irregularity s have been brought to lir^bt. It is the
gross and culpable mismanagement, in some cases even the
grave crimes, which hive been brought to light by s > many
recent failures that is so seriously disturbing the minds of
people in Germany, Distrust has now reached such a point
that the banks in general are very unwilling to discmot
bills except they are drawn upon tne very highest hou-es;
and these of course are few and not easily obtained. Were
it not, indeed, for the Imperial Bank, the trade <f Germany
would be in serious straits at present. The Imperial Bank,
however, is doing everything it can to relieve tue situa'ion.
At the present time its discounts very nearly reach 46 millions
sterling, comparing with 37^ millions sterling a toe corresponding date last year, when it will be recollected the crisis
had already begun. The unwillingness of the banks in general to give accommodation is nuking the p-jsttim of the
smaller traders very trying, and it is by no meat-simprobable
that several other failures will occur. As a cousequeuce of
the action of the banks, money in the short loan market is
very abundant and cheap
Investors are confining themselves almost entmiy to Government loans, and negotiations
are going on for the issue of a Russian railway loan for 80
In
1901.
JlUlUHTT
[Vol. LXXIII.
any
direction.
Upon
the Continent French attention is undoubtedly taken
up with tho visit of the Czar. Perhaps that accounts for
the sudden cessation of French buying of Brazilian securities.
It looks as if the dispute with turkey w -is practically
settled; but there is a report that the French Government is
urging upon the other governments the necessity for an international commission to manage Turkish finances. It is
hardly probable that the other governments will comply; and
it is almost certain that without the application of force the
Sultan will not agree. Meanwhile, it is understood that the
million roubles, or 8 millions sterliog.
Money continues exceedingly abundant and cheap in London, although inquiries have been made respecting shipments
of gold to New York; and the general belief in the city is
in the meanwhile people argue
that rates will rise rapidly,
that the Bank of England is exceptionally strong, that it
could lose two or three millions sterling without inconvenience, and that the Bank of France will furnish any gold that
may be needed so as to prevent stringency in London. The
Bank of France probably will furnish as much gold as is
needed to obtain the food stuffs required by France; but it
will do so only if it is convinced that a different course would
cause trouble in London. Toerefore as soon as gold shipments on any considerable scale begin, it is extremely probable that rates will rise here; and this is the more likely
because gold is already going to Austria- Hungary, and a
considerable amount of the metal that would otherwise be
received from Australia is being diverted to the United
Spates and to India, and, la-tly, beoause our remittances to
Egypt and South America will this year probably be large.
In Paris money is as abundant as ever and is accumulating;
and, as already said, there is a plethota in Germany because
the banks in general will not give their usual accommodation; but Germany is hardly in a position to bear with
equanimity gold shipments; and France even might not like
material withdrawals from the Bank of France,
Meantime, the India Council continues to sell its drafts
It offered for tender on Wednesday 35 lacs, and the
well.
applications amounted to over 1,068 lacs. The whole amount
offered was allotted at .prices ranging from Is. 3 31-321. to
Is. 4d. per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols. &c.
1898
1W01.
Sept. 18.
1900.
Sept. 19
•
s
»
%
..insolation
20.895.886
Publlo deposit*
Other deposit*
40.5'>e,]8t>
29.S8t.450
6.706,692
89,673,807
lz.404.484
27,287,668
23,053.044
3-\o6i.4K4
63 16-16
4
27,648.315
8,3^6.771
S9.078.480
27,109.056
9.8*0,036
S0.?oi.HO8
11*74.855
iovernment securities
16.68 \457
2«.106r< 4
3ther securities
27.8no.267
aeserve of notes and coin.
Join & bnlllon.both departm'ts 8u,5u6.e48
638-16
Prop, reserve to liabilities., d.o.
Hun* rate
percent.
3
93 11-16
onsols, 2X per oent
8fil6-l6d.
167,231,000
lllver
Uearttisr-Honse ratnnii
*
September
The rates
18W9.
Sept. 20
ls.06-.r-58
I8.t>8^,593
28.49U.S89
27.U70.917
23,495 218
83.80».8s8
60 16-16
24 8Ho.<n.l
85,714.406
6Ug
.%
mhi
283*d.
168,114,000
for
money have been
87^1
•
»
Bank
159.lu6.OO0
as follows:
Interest aUovosd
for deposits bi
Bills.
1
3 Months.
4 MontnS-
3
a u-ie@2M
2 8-16
2%
7 3
14 3
21 3
*86-16a.
172.62tt,000
Open Market Rates.
Umdon.
Sept.
109 1S-16
22.
a
3
'i
104>*
'<
Aug. 24
"
81
Sept. 21
2*@2^
2W@2«
SK@2K
2 6-U@29fi
29*
2^
2M
Messrs. Pixley
tember 19
&
6 Months.
3
3
Irade
Bill*.
Mas.
4
Mm.
«K@2?s 2«@3
2%®3
2K@2«
'2?t@S
IH<3A
3
2 16-16
234
3@8X
3V4
3@8M
Joint Dis'tH's.
Stock At 7-14
Banks Call Days
IK
IK
IK
IK
IK
IK
1*
IK
1*4
>K
IX
IX
1*4
m
Abell write as follows under date of Sep-
Gold— The large arrival from Australia was almost entirely taken
for Austria, and some paroels have been shipped to India. Arrivals:
West Indies. £21,000; Chile, £700; Australia, £281,800; total, £303,8h pments: Bombay, £)5.Ou0.
Silver— The market still moves in very narrow limits. The Straits
have bought fairly freely da lng the week at 27d., but have now reduced their pnoe to 26i 5 ied. India sends no orders. America Is a
moderate seller, but does not press sales; we close quiet at 2Gio 16 d.,
America being olosed in consequence <>f the funeral of President
MoKinlev. Arrivals: West Indies, £15,000; Chill, £19 700; New York,
£125.000; total, £149.700. Shipments: Bombay. £120 000.
Mexican Dollars— A fairly large business has been done at 26 9 i6d..
but the Straits have now reduoed their price to 26 Kd. Arrivals: New
York, £59,200.
000.
October
THE CHRONICLE.
1901.]
5,
The quotations
Qold.
Sept.
19
a.
Bar
os. 77
sold, tine
U.S. gold ooln...oz. 76
d
London Standard.
For the week.
•rev. reported
d.
1.
Bar silver, tine. ot
10% 77 11
b\ 76 5 V Do 2 mo. delivery
. .
Qerm'n gold ooln.ot. 76 b* 76 5V
Frenoh gold ooln.ot. 76 5»« 7« 5*9'
Japanese yen. ...or 76 5 78 5
1898-99
1899-00.
2,214.700
1900-01.
3,608.800
549,100
635,293
Import* of (lour
7j 9.700
Bales of home-grown. 1,400,810
false.
qrs...
Sat.
per ounce
d.
new.2% p. ots.
261&13
93:< 16
901.800
Total 1901
Tue*.
Wed.
2615 16
93i 16
26 7a
937 16
26 78
93& 16
7 9 16
A ten. Top. & Santa
Preferred
Baltimore & Ohio
Fe..
Preferred
Paul...
Rio Or., com....
do Preferred.
<k St.
,
1st preferred....
2d preferred
niinols Central
Louisville 4 Nashville..
Mexloan Central
Mexloan National
Mo. Kan. a Tex., com..
Preferred
W. Y. Cent'l & Hudson..
W. Y. Ontario & West'n
Norfolk & Western.
Do
do
Northern Pacific,
Pennsylvania
pref.
pref.
•Phlla. 4 Read
•Phil a. & Read., 1st pref
*Phlla. <te Read. 2d pref
Southern Pad no
Bouth'n Railway, com.
Preferred
Union
Pacific
Preferred
,
U. 8. Steel Corp., com.
Do
do
pref..
Wabash
Do preferred.
Do
...
Deb. "B"...
104%
96%
113k
96%
112%
.112
4b %
96k
112k
46
23%
2.%
46
23
»
95%
43
42%
70*8
57»«
56k
56%
150
1(6%
23k
14
29
28%
56k
56
164k
163k
35k
34%
56
.*5k
92k
98k
74%
92
98k
74
2138
i,*\
2i%
38%
26k
26 38
57 7$
5888
34k
89%
110 78
91
1,342.605
373,194
650,178
74,889
$1,005 •29.217,076
47 244.505
3.060 26,879,469
$597,428
*2, 889.270
51885
1,737,863
9,888,933
.
34
88k
99%
90
*71k
56k
149k
106
24
23%
13%
27%
54%
46
71
56 k
149
105 58
13k
54k
1,921
34%
55%
92
99
92
99
74
5838
88k
33k
88%
100
90
45
97
96%
22%
22%
40k
03%
22 k
92
100%
7o%
26
33 k
97
92
20 7a
57%
100k
91
455a
97 k
22%
40%
63%
54%
100k
38%
2638
84
3V58
63%
7c%
20k
88k
26
578a
33%
8H%
99 k
90
20%
38%
255a
57%
33%
88k
98%
89%
44%
44
66% » 96
22
21%
39
3-k
62
63
8992,611 $36,506,095
1,085.315 38,250 394
3)4.123 84 978.78v
Total 1«9»
following are
the imports it New York for the week ending for dry goods
Sept. 26 and for the week ending for general merchandise
Sept. 27; also totals since beginning first
FOREIGN IMPORTS.
For week.
1901.
1900.
week January,
1898.
RANKS
Capital flterpta*
32, 237,783
8,406,431
$1,902,053
6,089,603
J2.007.13*!
Gen'l mer'dlse
Total
Since Jan. 1
Dry Goods...
Gen'l mer'dlse
U0.6l4.214
17,991,656
$11,469,662
*79. 827,603
336,399,306
890,230.975
310,185,759
•78,154,840
306.531,020
Total 39 weeks
9,462,424
$1,698 128
7,248,608
i
8,9 16.736
*71,303.370
250 458 351
$
$
$
of N. V.... 2,000,0 2,084,0 18,359,0
Manhattan Co... 2,050,0 2,093,0 22.690,0
Merchants'
MeohanloB'
vmerloa
Phenlx
Olty
Batch. A Drov's'
Mech.A Traders'
Sreenwloh
Leather H'f'rs..
State of N. T....
American Exoh.
Commerce
Mercantile
Paolflo
Chatham
North America..
Hanover
Market A Fulton
Shoe & Leather.
Oorn Exchange.
Oriental
fmp't'rs'ATrad.
Park
Kast River
Fourth
Central
Bower/
2,000,0 1,106,6
2,000,0 2,274,9
1,600,0 3,097.0
1,000,0
243,8
10,000,0 6,170,7
300,0 6,942, S
600,0
244.0
1,000,0 1,998,8
300,0
72,4
400,0
133,0
184,1
200,0
600,0
600,6
1,200,0
664,1
5,000,0 3,233,0
10,000,0 6,768,7
1,000,0 1,569,1
1,000,0 1,297,7
612,4
422,7
990,6
450.0
200,0
860,8
1,000,0 1,023,1
3,000,0 5,434,9
449,2
500,0
600,0
371,0
289,8
500,0
900,0
986,7
219,2
1.000,0
1,400,0 1,849,7
408,9
300,0
1,500,0 6,046,8
2,000.0 3,853,6
153,1
260,0
8,000,0 2,477,6
526,6
1,000,0
300,0
978,6
760,0
77,3
ierman Amerl..
260,0
200,0
760,0
Avenie.
ierman Exoh...
1,000,0
100,0
200,0
N. T. County....
Fifth
200,0
300,0
Garfield
Fifth
1,000,0
Western
tf.
Y. Prod. Ex..
New Amsterdam
aide
16,226,909 »400.416.734
384,685 860 $321,761,721
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. 1, and from January 1 to date.
4
Leather.
Total
t
«4
Loan*.
Sank
1st Nat., B'klyn.
Dry Goods
460
63.596
34,249
223
224 091
2,042 822
429.095
35,706
$98,305
164,584
4H.269
$2,761,940
3,703.624
2,«70.252
—
Bank of Metrop.
West Side
1899.
$25,283
4,720
>ew lurk Oily Olearlug House Bunks. Statement ol
ondition for the week ending Sept. 28, based on average of
laily results,
We omit two ciphers foOJ in all eases.
„. tiooooo
N.Y.Nat'lExch.
300,0
Week.— The
9
coin.
First
Imports and Exi ORT8 fob the
SineeJan.l.
Of the above imports for the week in 1901, $62,7i0 were
American gold coin and $460 American silver coin. Of the
exports during the same time $500 were American silver
Ninth
©omnve xxtal aw A I^UscjeUaneons J^zwt
Week.
2,491
Total 1901
Merchants' Ex..
U0%
697.495
2,220
246.597
21.250
1,016
other countries.
Steinttln
27
Since Jan. 1
$990,690 $35,535,026
10478
53%
346s
73%
20%
38%
56%
Import*.
Export*.
Week.
148
54
34%
54%
55%
70 k
23k
13k
162%
162
94k
41%
23%
13k
27 k
28
22k
163k
46
95%
«2k
"
".6.%
45 38
63%
164k
46k
95 k
43 k
46
15,664
Silver.
96
46
23
165
150
106
45%
41
98%
96%
112%
71%.
149k
106%
2«k
14k
78
113%
164
46
95
.41 'a
71
47»a
738
10.:%
l
95%
79%
69%
99
1<3
96%
23*
166%
69k
7%
7hk
7k
99
104
His*
47i4
26%
933 16
93%
935 16
9H%
10 1 00 100*25
6938
788a
Pri.
98
103
99
Canadian Pacific......
Chesapeake * Ohio
Chlca. Great Western..
common
77%
98k
788s
2( 13 16
93 s
7k
73e
Tkurt.
0107%
1.
827.720
17.123
6.0(0
3,200
.34.492
1899.
1,785,000
310,000
815,000
735.000
Mon.
Since J an.
Week.
$244,196
204,208
other countries.
til
1
$243,325
1,005
653,550
731,835
1900.
2,11.\000
260,000
93*8
For account
933 16
9i>li6
Fr'oh rentesdn Paris) fr. 101 05 Oi'l.k 01-07%
69-%
Spanish 4s
69% x69%
Anaconda Mining
In
$1,764,851
18.209.788
7,384,667
668,587
44,768
30,516
1,114,000
9
ill
Erie,
Since Jan.
Week.
Kuttlisb Financial lYlarueia— Per Cable.
The daily closing quotations for securities, etc, at Londoi
are reported by cable as follows for the week ending Oct. 4.
London.
of
2"5
2.124,300
1,126,784
Last week.
2,185,000
300,000
885,000
330,000
805,000
Flour, equal to qrs...
*7/52,093
Import*.
Export*.
Total 1899
This week.
qrs ..2,065.000
Wheat
A
839.670,292
iaM,
3 009,685
4,243,284
Total
4,793,193
4,941,610
ver.prioe wheat, week. 26s. 2d.
25s. 5d.
26s. lOd
28s. 7d,
Average prloe. season. 26s. 3d.
25s. 3d.
27s. 5d
28s. 7d.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Do
*6,310,94H
335,293,457
1):
1901-02.
Den.
§12,3 98,725
395,638.091
1898-99.
666. 00
Wheat Imported, owt. 2.791.100
Chic. Mil.
• 13.143,080
371,633,265
EXPORTS AND IMPORTS OF SPBOIB AT NEW TORE.
1899-00.
2,214 700
19O0-01.
3,608,800
2,124.3(0
507,«00
609,100
897.000
749,500
703 770
Oat*
827,900
74,100
66,920
40.310
Peas
81,200
64.600
81,300
66,600
Beans
173,200
2,377,300
2,095,900
Indian oorn
2,03,800
2,150.600
901.800
653,550
Flour
549.100
749,700
Supplies available for oonsumption (exclusive of stocks 01
,
1898.
uunum "previously reported."
The following table shows the exports and imports
•peoie at the port of New York for the week ending Sept,
ind -tnoe Jan. 1, 1901, and for the corresponding periods
1900 and 1899.
IMPORTS.
1901-02.
Imp'ts of Wheat. CWt, 8,791,100
Barley
1,178,800
Consols.
1899.
weeks *3K4.776.34 5 »408.('3«.hltl 3 11.601,406 *347. 822 385
Notk.— As the nguifs of exports as reported by the New York
Custom House froiu we«*k to week fri'iju.-miv «iiow (UvergenM from
the monthly totals, also compiled by the Custom lions.-, we nti&H from
lime to lime adjust the totals by adding to or deducting from the
The following shows the Imports of oereal produce Into th«
United Kingdom during the two weeks of the seasoc
oompared with previous seasons
Silver,
1900.
Total 39
Bar silver, oontaln'K
do 5 grs. gold. or
do 4 grs. gold.oz
do 3 grs. gold.oz
oz.
Cake sliver
Mexloan dollars. oz.
September
1901.
Silver.
Sept.
12.
W TORX FOR TBB WKER
BXfOHTB FROM
for bullion are reported as follows:
London Standard.
705
As on July
200,0
800,0
200,0
500,0
2,100,0
300,0
600,0
1,000,0
260,0
860,0
600.0
13,096.2
14,296,0
19,228,1
4,490,0
11D.454.4
28.669 8
4.734,6
8,938,6
1,134,2
2,443.0
957.6
6,354,0
4,063,2
28,703,0
71,169,0
6,201,7
14 562,1
2,686.0
6,285,8
2,182,2
11,769,1
47,163,4
4,311,0
3,423,8
2,865,fc
5,765,6
3,819,fc
21,682
Specie
•
2,655,0
5,90^,4
2,569.4
3,168.0
2,724.4
1.137,0
82, J 97.9
3,980,1
7*7,9
985.8
280,2
190,0
109,7
2,409,3
670.x
6.042,0
7,047.7
791,5
2,439.6
334.4
656,"
187,3
1,865.2
9,083,8
816,7
718,0
454,9
965,7
863,2
4,218.1
165,1
1,965,0
23,652,0 4,512,0
49,967.1 12,890,4
178.1
1,212,8
22,960.0 4,026,0
10,464.0 1 947,0
9,390.0 1.637,0
437,1
2.238,1
t 110*68 74,439,6 20,604,2
680,2
3.488.2
124,6
380,0
3,187.0
748,7
760,2
4,069.5
697,4
3.478,o
693,8
404,8
2,513,4 41.951.3 10 998.2
2,319,4
8,936,4
1,407,9
219,7
2,361,0
684,8
413.*
8.044,8
866,7
994,4 13.144..' 2,009,9
6,927,7 1,587,7
1,168,2
426,3
2,165,4
367,8
7.265,7 1177.8
1,110,7
.47,1
2,686,0
436 6
'. 13.0
944,8 12.290.0
S 6
2,287,6 38 559.0
s ',0
4,622,0
516,7
8,80,1
729,9
814,1
4,353.8
443,4
7,758,6 1,518.4
658,3
790 3
4.268,3
417,9
430,3
2,785.0
365,3
Re-
Letalt.
DevoBiU
tervt
9
S
P.O.
1,695.0 17.7830 24-4
2,108,0 27,509.7 29 1
1,729,0 15,872,8 270
1,065,0 15.479,0 27 -3
2,491,6 21,178,1 246
219,0
4,471,0 303
6,649,4 181,116.9 28-8
2,507,
23,178,5 27-9
526,2
6,07i,l 261
1,002,6
7,254,1 27-4
62.1
1,256,4 264
281.0
2.616,0 180
170,1
882,7 317
182.1
8,706,3 38-8
400,7
4,093,7 237
1,833.0 23.029,0 289
6.511,4 69,851,9 22-6
336.8
5,213,7 21 6
1,558.6 15,667,2 25 8
403.8
3,28 j, 2 225
912,3
6,376.0 24 5
481.3
2,887,8 25 2
1,243,6 12.204,4 25-4
6,123,1
63,869.1 28-4
484,4
4,458,0 247
199,5
3,750.0 244
3,381,1 22'd
811.6
6,024,7 26-6
662,0
4.371.1 261
280,1
2,189,(
25.720,0; 249
1,981,0 29'4
417,9
21.961.H 281
1,280,1
2.608.6 80,866,3; 25-2
180,51
LS4i.ll 26-6
2 779,0 24,698,6 275
13.201,0 25 »
1.476,0
l,050,c
1
211.H
2.149.3
362,2
285.0
3'6.1
297,4
1,917.01
325,:
726
4
622,8'
10,269.01
251
2.47S,>- 26-3
76.280.9 29-8
3,803, >•
i
278
3,300.0 20-1
4.587.4 24-5
3.411.4 261
60,527,2 25-5
10,139,3 280
3,116.
30 3
4.572.4 20 4
389.0
2,394,0
3.114.1
14,856,1
2.6 '5 2
819, 01
43.482.fc
4,926.1
265
269
263
228
288
268
262
267
-357,3
630,7'
6,806,4
4.354.4
9. Oil.
288
ass
295.7
104 9
4.313.5,26-1
2.0525 9
2,202 ti| 15,886..'
7,087.9
322,8
162,4|
629.5;
626.0
2,318,8
7,891,0.
81,722.7 96,211.5 867,009.7 1789884 71.469.7J938.45i,.-
25 3
J6-7
19, 1901.
Reports of Non
Member Banks.—The
following
is
the
<tat«-ment of condition of the non-member banks for the
week ending Sept. 28, based on averages of the daily result.
We omit two ciphers (00 ) in ail cases
THE CHRONICLE.
706
BANKH.
Capi-
tfur
(00* oiulited.)
tnl.
plus
Maw vona
I
A
menu.
Total receipt* at ports from Jan.
followH for fonr years:
Deposit with
Net
DtlKT Devosib
J
Agent. Itkt.&c
|
ilr<ir
Tl'k.
Note*
,
,
Receipt* of
lODT.
•
Fourteenth Htreet
ft»iihevi«>rt
Hamlltoi
Mount Morris
Mutual
Nineteenth Ward.
Plana
Blverslde
BUte
Twelfth Ward
Twenty-third W'd
Union square
Torkvuie
WftBlilrjKtnii
Fidelity
Varlok
JeBernon
Centuiy
Nat. Commercial.
126,
Broadway
Brooklyn
Eighth Ward
Avenue
Kings County
Manufaot'rs' Nat'l.
Mechanics
Traders'
Merchants
Nassau National
National City ...
North Side
Peop'es
SeTenleenth Ward
Spragne National.
Twenty-sixth W'd
Union
,
Wallabout
,
63.0
1277,6
1291,4
1616.1
82,8
20.0
100,0
19.H
126.C
81,4
26.1
1411.7
M7,H 1475.7
2'<!2,«
160,0
100,0
300,0
100,0
100,0
160,0
262,0
600,0
100,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
128,1
180.H
167,4
84,3
65,9
642,0
1197,7
622,6
644,4
783,8
26,0
100,0
66,6
89,2
613.1
749,1
1028.8
41>
2400.8
1446.3
696,8
80.8
436.7
06,1
870,6
6»,1
638,6
64,1
203,4
62,?
661,9
18,0
88,1
62,
76,4
369
1
228,3
78,1*
61,0
42H.V
360 6
186.H
28,8
816.0
664,?
144,7
123.fr
9,(i
9
-ii
11.7
6.0
6,1
89,8
1188,7
14,6
12,9
63,2
13.8
81,2
1683 4
1081,2
864 9
693.6
742,4
2673.7
3"06,8
831.1
17,9
*.«
1-8 «,«
718,0
3744,0
2828.0
844.6
936,8
78.V
237,6
64,?
60, ft
1
177.0
119,0
11,8
35.*
8>
1860
2614
1326 7
1414,4
1409 1
1744 4
2762,8
'3
316,<i
6
6.0
62.V
199.8
291.2
166.8
150.5
114.3
93.0
34,8
53,6
io'it
914
110,8
100,6
106.1
9,6
7.6
20,0
27.8
38,5
656
63,0
.661.0
1023,1
3923,0
104,0
1794
1206 4
l6'6
2724.5
1480.0
6,6
680 4
78.6
laa.o
5P.2
272.6
140,0
62,7
232
0,4
0,2
"6.6
15.0
14,6
26,
83
72,2
83,6
Mxpurti from- bush.
•w Yorl
620.0
307.0
37.0
60,0
47,7
89,3
81,9
190.0
92,3
60.0
77.7
53,4
66.V
43,6
43
(
44
62,1
44,9
Cortland, Ma. um.iio
'hlladelphla.. llf.OOO
6-3.141
ialtlmore....
<«w Orleans. 1.078.010
lorfolk
906 4
lewurt News
638.2
93.6
ST 3 2
ialTosion....
Isl
1st Nat.,Htaten 18)
Oth«r Citief.
1st Nat., Jer. city
Hud. Co. Nat., J.C
3d Nat., Jer. City.
Sd Nat., Jer. City..
1st Nat.. Hoboken.
011,2 60569 2<6,8
69,1
696,6 2204,9
66,4
317,2 1236.4
36,6
904.7
241,6
"
473,6 3114 3 107
932.8
30,4
110,8
400,0
260,0
260,0
200,0
110,0
126.0
3d Nat., Hoboken.
796.1
126.0
161,6
328,0
139.4
68.3
34.6
26,9
37.8
3.8
meek and sines
aevt. l
New York
House Banks of
Banks.
N. Y.»
8ei,t.
"
"
•'
Boston
City,
&
Loam.
Specie.
9
$
f
I
t
67.632,9 193,289.0 14,787,0
67,632,9 192,009.0 16,281,0
67,632,9 192,923,0 16,923,0'
205,159,0
205,501,0
207,601,0
9,846,0 92,127,9
9,875,0 88,953 6
9,817,0 109.217,1
56,364,0
54,534,0
56.717.0
"due
Wheat
flour.
Sbis.ieeib
Milwaukee
.
928,463
1.755.205
82.875
179,260
3.873,640
2,131,700
274, IPS
77.S30
Minneapolis.
600
7.200
Clareland
St. Louis ....
Paorla
. .
17.588
81.693
49.600
816,168
34.4)0
Oo
wk.'OO
Barce wk.TO
Since Au§. 1.
1801
1900
..
1899
Barltk
BU(A.S8lb»
Bush.mb
1,870.588
36,000
BM.tr)
352,76
137.400
40.8K0
206, S70
412.700
93,600
29.260
890,600
28.645
218,760
118
84,480
15.155
38.060
340.720
884.876
82.329
77,899
188.309
185.«00
271.200
123,000
67,900
1.1901.
Sept. 28.
3.446.140
2,277,310
8.009
n
Corn.
but It.
722 000
bush.
»,849.o«'
M.000
.
York.
Boston
Montreal..
Philadelphia
24,000
isi'.oco
S3 000
SB1.OO0
226,b'Ju
83O0U
38
522,000
686,0)0
67i',obo
1,181.000
396.6b0
"6.000
S..67,765
1.606 328
194.004
87,891.098 86.183.846 34.561.578
9,348.540
3.200,847
88.071.556 30.788.500 40.832.722
60 0ft8. 1P4 46 74«.47fi 41.0*8 8->5
6.816.411
«.«88.8f8
Saltlmorr
lo h mo no .
Haw Orleaui •
Hawoort Newr
Norfolk
Oaireitoc
Portland.
41.5i .8
98..138
61.43
..
.
Loali
Do
67H000
48.934
84.O00
83.0o8
26.076
160.010
....
2980O0
60 000
109,000
or
36.000
6,976,000
1,911,000
844,000
21.000
'82,000
137.000
492
898 000
120.000
iso.oli)
1.480.000
4,658,000
63a000
564,000
6,?23.00?
3,568.000
11.000
60O.000
761.000
297.000
29 "io
76,000
1.405,000
771.000
826 ""
159.000
1*2 jut
"7,000
45.00(1
l.uUO
26,000
82,000
75/00
nMlMlatlpplBiTor.
2.139.000
in Lakes
31-0,000
oanai
and
rlTer.
in
1.8iY.OOO
292.000
''otalSept. 28. 1901.. 85 8C4 000
Total Sept. 451. if 01.. 32 C25.000
Total 8ept. 29 1900. 65.4(9 000
Total Sept. 30. 1899.. 42,132 000
T tal Oct. 1 '8«8.. 11,263 000
13,489.000
lv,930 000
7 492.000
18 490.000
21. 406.000
Totai weer.
moo.
..
210.410
468,815
469,697
2,6tf5,06l
8.681,768
Spencer
1.441 V05
27
loi
1.4T6 376
1 O6O.061
3arli»
Ry,
5<iiii
bus
• Receipt • do not include grain paating throagh
•orta on thronah blllt if adlna.
1
Maw
848.000
199,000
188.000
5.32.000
17 000
8 972,000
1,775.000
1.645.0O0
8.751.000
11.426,000
7.»2>*,000
6.447.OO0
\>i.<
000
709
771
i>00
(ioo
1.875 COO
1,416.000
1,484 000
1.441 000
1.M8000
2911 BemalVal. O
•'.
i«
of N.M.
21 Lawyers' Title Ina. Co.. 346
B
nds.
$2P,O0O Jacques Oartler Water Pow. Co.. Quebec, 1st
87 Aint.
JdtU
s t. rs, 192
$i00 Tex. & Fao. Ry. 2d M.
;
SSU
bon<t ccrip
$
1
000
Pitts.
Shamut & Nor.
RR.lst5s
65
V. Harnett
& Co.:
.
6.850
5.200
4.H84
37.902
2,014
and JTiimucial.
Trask 8c
BANKERS,
-
NEW VOBK
INVESTMENT SECURITIES87
Branch
Members N. V Stock Bxchanee.
Moffat
Office.
State
St.,
Albany
ai.kxandks M. White Ji.
Geoboe Bakclat Moffat.
&
White,
BANKERS,
82.416
79.208
Oi leant for roreU n
Co.,
Transact a general banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
25>6
173 803
160.618
91.000
7.000
iga
& 29 PINE STREET,
86,871
1,256,741
1,979.871
jij'o
blocks
jBanktntj
8P8 00
8,638
200',
666",000
486 00n
714
Me
01
4969,000
afloat
944.016
11,603
1,60J
27,
$l,OCOThe N. Y. & Penn. Brick. Tile & Terra Cotta Co. 1st 6s,
1905; Sept.. 1900. and all subsequent ooupons attached. $285
7.816,738
l-S.i'VS
99,000
1,400
7.883.1t0
214.392
898.000
61.00U
Bonds.
313.884
140.814
296.609
00
9 uoo
8.0
8.000
l,495. tI 43
;e,i<u
20,787
59.876
155.888
1.66S
14.910
20.878
h2, i0'
88,
tfriey
133,000
69.0 K)
118. uoo
27.00c
1.030,000
N.M
By Messrs. Richard
l,795.7t<9
160,600
9,193,663
hut*.
00
31.000
M
8.270.007
973.200
139,"««
H4.6H7
l*,fl87.966
at:
oats,
Mi»b.
10\000
11 Cincinnati St. Ry. Co....l38 78
1 N. Y. Produce Exon. Bk.165
70 MechMnloe' Bk. 0/ Bklyn.215
20 Lj kens Valley RR. &
78i«-S0
Coal Co
70 North Amer. Trust Co... 245
SOBK1 n Aoad. of Music,
with tickets
124
Stuyvesant Fire Ins. Co. 61**
7,949 Lagnna Valley Co. of
2,907.869
4t (i.noo
696.312
57,027.879
B.131.719 2.5J6.812
&
4,921,921
872.660
331.8 6
193,847
441.709
484.381
14.624
"2.108
Stocks.
3.506,401
140 497
60
114,984
8,270.972
6,78»,»77
42, 183
2<-« 193
65.497
134,111
Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction
By Messrs. Adrian H. Muller
Son
....
Oat*
out*
1,1901.
bii.
He8.ii2
290.444
K.134
17.6 4
afloat..
iansat City
*eorla
(ndlanapoltl
6867.812
bu»h
"tints S»sl.
iiuin
20,931.0 '3
35.971.288
10,300
1,072 <w
~
39.000
412 „ui
f6,
826.000
1.341 00C
777.00C
433,000
aUnneapolli.
8.526.629
tlort.
'•nib.
afloat
Do
484.511
426.818
Wn*at,
bush
""«'!
Sept. 83
1901.
1.
..I/.
{>
afloat
Do
614,920
bM»
:**!.
Sine* 8e»l
IV
.--
,
4.168.877
1.2*7.439
ft.wui'mAPt.Arthur
93.800
flour,
at—
8,817
afloat
Do
162,800
1
20.880
afloat
Do
245,700
3 988*40
81,871
861.606
278.C16
taioauo
686,000
8.894.316
3.684,656
17,524
1
2.1flB.t»70
•etrolt
-
. •
fnuk
17.127
afloat
Do
125.659
88.116
8,688
Sincr Sett
424 ^u^
Do
,
Reeeiple
r—t
—
Flour.
•oledo
1
1, 546.369
bush
8.017
4
825.764
27 2.5(8
818.205
41.674
71,608
afloat
Saiveston
Montreal
Toronto
SaBalO
••
The receipts of flour and grain at the seaboard ports
the week ended Sept. 28 1901, follow:
Haw
714
20.8 6
23 « 3
lK.v-51
Sew Orleans
873.600
11.400
City.
Tot.wk.1901
Same
94.473
13.o7l
24.286
39,616
1,818
4,786
Philadelphia
ialtimore
to other banks.'
Oat:
Corn.
BusJl.OOibi Bu»h.r>rSIb
180.000
Kansas
America.
sotton
Breadstuffs Figures Brought from Page 747.—The
statements below are prepared by us from figures collected
by the New York Produce Exchange. The reoetpts at
Western lake and river ports for the week ending Sept. 28
and since Aug. 1, for each of the last three years have been:
at—
bush.
4 7.626
.
38,715,3 174,461,0
38,715,3 174.721,0
38,715,3 175.188.0
We omit two cipher* 4n all these figures.
inolndlne for Boston and Philadelphia the item
Mettipts
>
Wh4*l,
13768467
12265806
13140263
8,071.0 124.017.8
8,059.0 134.179.0
6,078,0 138,145.7
bush.
114,858
3.210
65.J71
bbuu
9P.0I6
2w."7
8,538
1.276,170
in store at—
'aw York
997,339.7
7,326.0 208.271,0
7.346.0 215.297.»
7,424,0 215,810,0
3 3 u^3.06i
2, "87,040
JalutB
947,692,1 30.668 4
931.43:4.0 30,796 1
930,361,5' 31,098,3
938,462,3 30,672,6
(5'
visible supply of grain, comprising tue stocss in
granary at the principal points of accumulation at lake and
seaboard ports, Sept. 28, 1901, was as follows:
$
S
73,703.8
72.013.1
70 842,9
71,469,7
..
The
Boa.*
*
C.
Total
CircTn. Olearingi
Deposits.*
$
177,784
885,145.8 1701351
14.. 177,784,4 872,268,1 1879657
21.. 177,934,2 865,949.2 1754018
28.. 177,934,2 807,609,7 1789364
7..
Sept. 14..
"
21.
" 28..
Phil a.'
Sept. 14..
"
21..
" 28.
A
Total 1U00
Philadelphia Banks.— Below
Legal*.
<;,546
8.21
317. i«5.837
331,818
rfllwankee
datura! *
Surplus.
3.^4.1
ii.O-,7 o'.l
27fl.0)3,m.r>
bbli.
Veil Indlei
Jr. N.Am Colo'i
'ther oountrlea
the weekly returns of the Clearing
York City. Boston and Philadelphia.
New
7
(i
282.U09 038
7,0
Sept. 28
Continent.
9.
summary of
furnish a
-
11.1H1.W51
to—
Kingdom
Jntted
Totals Sept. 28.. 8262,0 9101,2 70729.9 3036,1 4026,3 8051.7 1831,1 76301.5
Total* Hej.t. 21.. 8262,0 8969.7 71136.4 2966. :1959,P 8172 6 1802,6 76196,7
Totals Sept. 14.. *262.0 8969 .1 70H89.6 3037.1 4024 2 8367.6 1899 2 76440.1
we
6H.I91 u85
4.680.161
84,827
Wnk
Maportsfor
6671.1
1768,2
1024,9
1042,6
1842 2
795,0
467.2
161.378.401
361500 278.618
Total week 8.445,110
688,332
19,388
28.081
17.624
Sum* time '00 2,27-,,3l» 2,5««,8i2 278.616 1,06?, 768 llrt.891 11S.S67
68.421
The destination of these exports for the week and since
Sept. 1, 1900, is as below:
676,7
762.7
14.7
80.4
122.6
18.0
38.6
H*,H<lO.r,0i
I
7.r>
2.0.O.7C4
197.141
18.367
52.7W6
160,000
6l',694
407,100
Montreal
Borouflh of
Richmond.
of Staten
HH,H9J,7<17
13^.:i4l.BZ4
8,-fB4,4fl2
bush.
263,473
12J.239
329,380
10^,915
Joiton
4104,0
986 8
760,0
4036,0
3001.0
T>4,7
975,9
637.9
1086,0
665,3
718,6
819,2
10,0
71,9
"
14.HM.39i
several seaboard ports for the week
-tiding Sept. 28, 1901, are shown in the annexed statement:
Oats.
Peus
a«rn»
live.
Wheat
Corn,
Flour,
3096 3
383,3
306.2
68,8
..
as
189H.
1899.
ir>.7«i!.7;
0I.W4H
7».i
r.
'
W.\l
6">.01r),HiO
8,483, "'1H
Total grain
1298.9
1744.4
1070.9
361,8
653.7
735,8
1
132,7
46.4
71,6
bosh. 122. »7h.h
compare
to Sept. 23
The exports from the
348.6
42,1
.
Kye
HH6.2
2070
IV 5,0
Barley
lfiHS.l
118.0
56.4
140.0
161.0
98.0
208,4
119.2
42,6
31.6
45.3
44,8
16.9
11.2
161.4
36,6
28.7
30,6
28.6
141.4
176 2
74,2
64.8
294,0
221.0
47,4
48.6
38,2
30,t
183
25,0
184,6
146.1
(•7.1
2430,0
12 4
129.6 1004.P
283, H 3661.0 281.0
86,(
1384,0
42,7
100.0
100,0
100,0
200,0
100,0
200,0
100,0
100.0
200,0
100,0
200,0
100,0
300.0
8.0
191,5
187.1
169.1
1
68,K
115.0
100.6
119,
104 U
21226
163 7
72
64.',
214.6
296,0
1
1900.
Lft,Ue?,097
1901.
bbls. 16, 44,896
Wheat...
Corn
Oatn ....
I
t
f
150,2
88.0
49,8
121,(1
ll.KX.ft
ft
Boro'h of Brooklyn.
Bedford
*
80,4
1692.0
217,0 2449,0
140.9
260,(1
200,1
200,(
,
I
I
100,0
300,0
100,0
100.0
200,0
200,0
loventb Ward....
Bank
—
.
Colonial..
Oolniui'ia
M eon's' A
T.
Ijtq.
Specie
c:it>
Borough of
Manhattan,
Fifth
Man* A
Invest
[Vol. LXXIII.
Members New York Stock Exchange,
Wo.
1
NASSAU STREET,
-
NEW YORK.
INVESTMENT SECURITIES.
October
5,
THR CHRONICLE.
1901.]
i
prime commercial, gixty d
xty days, 4
documentary commern.il,
cotton for
for payment, 4 83tt4 83^:
<>'
ut
sables, 4 86(34 86'^;
188;
Jratn
DIVIDENDS.
Name
of
,
Chesapeake A Ohib
Chmugodb Western Indiana (quar.)
Genesee * Wyoming
mil, in, ill an us & Iowa (quar.)
Southwest Pennsylvania
Ntrerl Kullrmys.
—
Oct
Oct
1 Hi
2
1
i
Hi
1
Nov
1 '4
Bute
to
Sep 30
1
1
Sep 17
to
Sep 30
Sep 17
10 Oct 1
1
1
Sep 16
16 Oct
Nov
1
Oct
pref. (quar.)
do
do
do
1 S4
Associated Merchants, 1st pref. (quar.)
1H.
do
2d pref. dinar.)
do
lHi
BourtMin Stock Yards (quar.)
lHi
Calniin'i ,t Hecla Mining
$16
to
to
to
Oct
7
to
Oct 26
to
1
Oct 15
Oct
Ool
in
lHi
2
2
Oct
Oct
Oct
Oct
Oct
1
1 34
Deo
Nov
2
Oct
Va.-Carolina Chemical, pref. (quar.)...
1 34
Oct
3
Oct
to
to
to
to
to
Ool 10
Sep 27
to
Holders of rec.
Oct 8
to
Holders of reo.
Oct 16
to
Holders of rec.
Holders of rec.
Oct
2
i
Oct
6
Nov 20
Oct 16
Oct 5
to
to
to
to
Nov
Nov
9
1
1
Oct 15
Ool 15
Sep 30
Ool
Oct
Ool
5
16
6
Oct 25
Oct 1
Oct 6
Oct 10
Dec 22
Nov
6
Oct 15
WALL, STUEET. EKIDAY. OCT. 4. 1901.-3 •*. M.
The Money Market and Financial Situation.— Confidence
in the stability of industrial securities received another
shock this week, which, following so soon the Copper incident
of last month, had a depressing effect upon the entire market.
On this occasion National Salt caused the disturbance.
This stock, which has held between 40 and 50 during tne
year, dropped from 40 on Wednesday to 23 on Thursday,
carrying with it acons'derable list of minor industrial issues
from 5 to 1" points. There is probably tio special significance in thin movement, as it is in the line of others of a
similar character.
No doubt the international yacht races have had a more
or less distracting influence in Wall Street, but otherwise
there is nothing except the developments in industrial
stocks apparent in the general situation to have caused the
depression noted. Railway earnings and bank clearings
show a continuance of the generd activity that has been
frequently commented upoo, and so far as the demand for
iron and steel products is a forecast of the future, the latter
is promising.
The money market is easier and the foreign
exchange market is therefore at the moment a less important
factor in the financial situation than it has recently been.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 L2 to 1% per cent. To-day's rates on call were %% to 4
per cent. Prime commercial paper quoted at l8^ u5^ per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £1,480 067 and the per centage of reserve to liabilities was 4861, against 54 06 last
week; the discount rate remains unchanged at 3 per cent.
The Bank of France shows a decrease of 18,825,000 francs
in gold and 3,075.000 francs in silver.
The New York City Clearlng-House banks in their statement of Sept 28 showed an mcrease in the reserve held of
$4,161,400. and a surplus over the required reserve of
$16.293 025, against «13.6 r> 1.225 the previous week.
-
inferences
1901
Sept.
1900
SepL 29
from
28
previous week
$
Capital
Loans A discounts
Circulation
Net deposits
Specie
Legal tenders
81.722,700
96.211.500
867.6o9.700
30,672.600
936.452.300
178,936,400
71,469,700
Beeerveheld
250,406,100 Ino
Legal reserve
234,113,076Ino
4 161.400
1,522,600
16,293,025 Inc
2,638,800
Surplus
Surplus reserve
Ino
Deo
Ino
Ino
Ino
!
s-j'.,;
—
Dnl ted states Bonds. Bales of Government bonds at the
Hoard include $ ,<>00 4s, coup.. 1995, at 189J<; $10.00
coup., 1907, at 118%; $5,000 -Is. reg., 1807, at 112^. and
$4,000 2s, reg at 109>£. The following are the daily
quotations for yt >»/// r-nge nee. th<rd jxiae following
ol
B
Oct l
Oct 10
Oct 11
Oct 11
Oct 10
Oct
Clallin (H. B.), coin, (quar.)
2
10,
Nov
Nov
N. Y. «fc X. J. Telephone (quar.)
Pittsburg Ooal, pref. (quar.)
Ry. Automatic Sales, com. A pf. (qu.)..
Reece Buttonhole Machine (quar.)
Standard Underground Cable (qnar.)..
United States Steel Corp., com. (quar.)
do
do
pref. (quar.)
do
I
i
i
(
>IUeelliineou«.
Amer. Car A Foundry, com. (quar.)
'
,
ai Holders of reo Oct
Oct
Produce Exchange
Trim!
niiipanlea,
N. Y. Seourlty A Trust (quar.)
Fire Insurance.
North River
Sep 29
,
:
m
Y.
1
1
1
Oct
Oft
3
Oct
lHi Oct
Philadelphia Co., Pitts., com. (quar.)...
15c.
Oct
Ry.(m'hly)
Saorainouto (Cal.)Eleo. Q. .ft
3
Oct
Seattle ( Wash.) Eleo. Co., pref. (quar.)..
Oct
United Ryu., rit. Louis, pref. (quar.)
2 Oct
Wellesley A Boston St. Ry. (quar.)
Oct
Winchester Ave.. .Vew Haven (quar.)..
N
to
N..V2'.
closed.
1
l 5 io
St. Ky. (quar.)
Not 10
Not
27
Oct
Oct
Ool
Dayton <fc Western Trac, pref. (quar.).
Green A iVatesSts. Plula. Pats, (quar.)
Inclusive.)
1
IV Oct
2
i
Ciacinnati
Hooks Closed.
(Days
\Cent Payable
Hull, oii.l- -xifitni
Belt BR. & Stk. Yils. I ml pref. (quar.)
Belt Ry., Chicago (quar.)
[
When
Per
Company.
payment,
cotton for acceptance, 4 H2'v"4 88.
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Ravannah,
buying 116 discount, selling 75c. premium; Charleston.
buying par, selling 1 10 premium; New Orleans, bank. $1 00
premium; commercial, $1 oOdiscount; Chicago, 80c discount;
St. Louis, par; San Francisco. 10c. per $100 premium.
b8!
1899
Sept.
28
$
1,660.500
425,800
6.090.400
3 534,600
626,800
74.222,700
90,109 900
817,472 600
29,865.700
884,706 800
109,156 400
64,962.900
68.922.700
78.905 700
714.172 700
16.216.HO0
785 364.200
150.736 400
47.329.100
234.119.300
221,176.700
198.065,600
196.341 050
12.942.600
1,724.460
Notk.— Returns of separate banks appear on page
705.
registered
2s, 1930
coupon
2s, 1930
2s, 1930 .stnaJ.reglstered
coupon
2s, 1930 .small
registered
Ss, 1918
coupon
3s. 1918
3s, 1918, small. registered
coupon
3a, 1918, small
registered
4s, 1907
coupon
4s. 1907
registered
4s, 1925
coupon
4s. 1926
registered
5s. 1904
ooui on
5s, 1904
This
is
Interest
Sept.
Sept.
Periods
as
30
Q— Jan
U
Oct.
1
"108^ •108'h •109
Oct.
2
L
J
109 >« •109
Jan •109 H, •109^ •j10» •109
109
4
109
'109
......
Q— Feb
Q— Feb
Q— Feb
•108^,
g
<l
•112
•113
Q— Feb
Q— Feb
Q— Feb
•108
•108
Q-Feb
.I.Ui
—Jan
Q— Feb
*108\ »i07«£ •i'07»4 •ib'7'u
*108\ *108\ •108 Hi •108 Hi •108
107'«
•108"
ibs"
•ids" *ib8Hl *ib8>i •108 Hi
•112!4 *112>» 112>4
112',.
•113>4 •Zl2»4 •112>4 •112
•13Q34 •139 Hi •139Hi •139 Hi 'YAH Hi
•139»4 •139 Hi *139Hi *139H» •138H»
•108 107 Hi
•108 *108
•108 •108 •108 •107 v.
the prloe bid at the morning board; no sale was made.
108
112
112»4
188 Hi
139 Hi
107 4
107Ht
State and Railroad Bonds.— No sales of State bonds have
been reported at the Board this week.
Transactions in r-rilway bonds have averaged about
$1,650,000 par value daily and the market has been relatively
steady, although there was a tendency to weakness in sympathy with the stock market. Union Pacific; 1st 4s. Burlington & Quincy joint 4s, Chesapeake & Ohio gen. 4^s,
Mohawk & Malone incomes and St. Louis Southwestern
issues were firm features of the active list. The latter also
included Consolidated Tobacco 4s. which declined over a
point, Mexican Central, Northern Pacific, Reading and
Wabash
issues.
Stock and Bond Sales.— The daily and weekly record of
stock and bond sales at the various stock Exchanges, formerly given on this page, has been transferred to a place by
itself.
It will be found to-day on page T14.
Railroad and miscellaneous Stocks.— The stock market
has been dull and generally weak. Transactions averaged
about 425,000 shares daily, and a sharp decline in several
industrial issues led to sympathetic weakness in the railway list. The latter was most conspicuous in the minor
Vanderbilt stocks, including Canada Southern. Cleveland
Cincinnati Chicago & St. Louis, New York Chicago & St.
Western and Peoria & Eastern. These
Louis, Lake Erie
shares declined from 4 to 9 points on an authoritative statement that the plan for organizing a proprietary controlling
company is not likely to be carried into effect for some time
to come, if at all. New York Central also declined 5 points,
and the entire active railway list dropped an average of
about 2 points. The local traction group was notably weak,
led by Brooklyn Rapid Transit in a decline of 7 points.
The weakness of industrial issues noted above was most
pronounced in the case of National Salt, which sold down to
Am-rican
23, 17J:> points below last week's closing price.
Sugar "Refining lost 6V£ points. International Power 6, Glucose Sugar 5*£ and American Woolen preferred, American
Smelting & Refining, American Car & Foundry and United
States Rubber from 3 to 5 points. The above changes have
been modified in some cases in to-day's more active and
irregular market.
Outride market. The outride market as a whole h is been
dull this week, only a very few stocks showing any ri'mation whatever. Very naturally, in view of the collapse in
industr al securities on the St ck Exchange, the tendency
of prices has been downward, and nearly all of the securities
traded in close to-day at lower prices than a week ago.
American Can stocks have been exceptions to the general
rule as regards the amount of business transacted, but not so
far as prices are concerned. On heavy trading the common
fluctuated between 23J 8 and 20^, closing at 21, while the
preferred moved down from 78J£ 10 7«», the final price today. Kansas City Eort Seott & Memphis preferred on fewer
transactions followed about the same course, gomg from
77 J« to 75% and the same can be said of Dominion securi-
&
—
Standard
to 75.
ties stock, which sold down from 7S
Monday at 722 and
Oil has teen irregular.
It opened on
sold up to 735 the same day, went to 732 Wednesday mornSnap Hook
ing. 737 that afternoon and sold to-day at 72").
Eye has been in fair demand betweeu39^ and 38 "'g — the
price to-day. Seaboard Air Line issues have beeu v-r\
quiet, but also fell off, the common selling to-day at 2t>i 8
1
,
Foreign Kxcbange.— Early weakness in the foreign exchange market was followed by a stead v to firmer tone on &
Wednesday. Thursday's market showed a softening tendency; to-day's market was dull, closing firm.
Posted rates of leading bankers follow:
and the preferred at 40^. New York Transportation has
October 4
moved down to h% and Electric Vehicle has sugged to 1.
Sixty Days
Demand
Among the bonds the United Railways of St. Louis 4s have
Prime bankers' sterling bills on London.
@4 84
a>4 86 Hi
topper stock- have
been active and firm around 89
Prime commercial
4 82»4 ®4 83
Documentary commercial
4 82 Hi «4 83 14
been
less active than last week and prices have declined
Parts bankers' (Francs)
®5 20...
5 18»4* *6 18*4
fractionally. New issues on the curb are Consolidated RubAmsterdam (guilders) bankers
39 7s ® 39»s l8 40i g * 40i 1#
Prankf ort or Bremen (reicnm'ks) bankers 94iii a a> 94 34
95 '4 '» »6''is
ber Tire debenture 4s due in 1951, which sold "when issued
Less i l8
on Monday at 25 and the International Salt certificates
To-day's actual rates of exchange were as follows: Bank- which were quoted to-day at 35@36. Outside quotations
ers' sixty days' sterling, 4 83%@4 8'S%-, demand, 4 85^@4 85%; will be found on page 714.
l
.
New
York Stock Exchange—Stock Record, Daily, Weekly and Yearly
TWO PAGE*
OCCUPYING
8T00KS lliinn
Mtm tin
Balvnln
Sept aS
i,
Ml
-21
77
•«,
'.i
74
96%
!).".
102%
»P8
07
H:
'„
Oct.
96 Hi
•92
125
109
46% 40H
37 Hi 87%
45
1
7a
Hi
'
.S3
98
127
'...
86»4
110'e
86
166
46
37%
77% 77i
4
!
2
22-'
•21
•21
68
'.-,1
-51
95 »4
03
76% 77%
101
86
100
97
101
84
•88
:m
867,
',
*93% 86
136
109
88
1 02
44 '-J
30 y4
126
loo's
1
84
03
45
37'
Oct
28
76%
STOCKM
'20 Hi
21%
75
94 34
76%
88
100H
(;n
61%
93
59
94
94
83
127
109
82
103
Salr*
1
OOB
A.tcb. Topeka
95»«
I)D
jirrf
Bait.
A
Santa
81
44
35% 30
77 t,
77
Bang* for J'reviou*
Year (1900)
/.....
Chicago
Do
&
77
llighftt
ft
.
3.97
Alton
pref
sChicaKo Burl. & Qulncy.
Chicago
East'n Illinois
Do pref
10,790
000
6,650
6,866
2,200
Apr 22
Apr 22
J 'lie
-Mar
1
1
6
1
1.-,
14% W
J'ne 6
Jan
47%1
17V Mav
52% Mav
60% Apr 80
Apr80
!99%Apr80
Jan
91
135% Apr 29
186 Apr 18
120% Jan
2(1 Hi Apr 29
16 Jan
80 J'ly27 94% Marl 5
75 MaylO 99HjJ'ne24
42 Jan 8 56 Marl 4
?s. Jan 21 44% Sep 12
29 May
27 May
72 Hz .Ian
138'4.1an
;;
82
'.1
\pr
90
Apr
88%
l»-o
26
Deo
I.,
Ja n
1
99 34
Sen
Sep 2
J'ne28
167
Die
Dec
Dec
.Hi
62
92
Sep 2"
J'ne24
1
4
72»4
96
'...lan
Dec
25
Jan
Jan
Jan
88% Apr 22
1
87
1
Sep
16
40% •My
6
Mav 8
Marl'.)
200 116
Canada Southern
77 "s
69>«Oc1
'2011
Central of
1
64
91
Keb28 97
8')H
89,94 7
New Jersey.
44% Chesapeake & Ohio
311',
81% Jan
Ohio, vot.tr. ctfs.
pret rot. tr. ctf«
Rapid Transit.
Bullalo Koch. St Pit!
101
44°,
lots
Jlighttt
rr.t
12 U Jan 21
70 May 9
16.160
pro!
IO8H2 CCanadian Pacific
79%
J.mi
Ire.
Do
96
101
JOOshare
200
<ft
61% Brooklyn
108
Hi
Week
Do
'4
a- J 'till
On lnmiH
Sluiri-y
Arbor
Ann
Do pni
63
'4
01
KnilrimilH.
98% 100
LOO
88
E
IIAN'.I.
i
61
70'.,
86
91
•88
'126
126 128
109 108% 108
82 34 si
81
'162
102 168
1
44
4 3.1
'4
30»4 88
30 Hi
7734 78 '4
77 Hi
voick
J'riil in/
'Jim,
Oei
'22 '4
100
Od'i
84
ednetday
'.-,1
0:1
07%
LOWEST SALE PBJCKB
J
78%
10
llld'.l
*92Hi 86
•125 127
>9
110's J
S5-'4 88 Hi
163
•77
2::
-..I
f.:t
A S l>
11
Sept 80
22% 22%
•51
78
s'l
..
47%*
(il '4
I
•
e
u
Deo
an 150 Hi Dec
2 1
m 42 34 Dec
42 Dec
81
78 '2 Dec
119%, JJan 144 Dec
in 109
Mar
119%Di 125 Aug
18 Dec
) Sell
J'ne 94 '4 Dec
81 J
08 '22 Aug 82 Dec
1
1
J
3
',
126*" i'26*
126 126
125 '4 127
"i'iio
&
'135
186 186
188
860
23
2134 "22%
22
21% 21% Chicago Great Western
21% 22% 22 4 23
14,785
4
*!M)
• 90
*90
*90
*90
93
93
Do 4 p. c. debentures
80
*84 34 80
-84 4 "85 Hi •8434 .so
"206
84 '« 84 14
*84'4 85 Hi
85
85
Do 5 p. c. pref. "A"
•40
4S
*45
•45
40
40
40
43
44
45
46
45
Do 4 p. o. pref. "B"_.
000
30 J•'IH 45 Dec
42
42
4
41 4
42
41
41 Hi
39% 41 Chic. Indiana p. & Louis v. 4,950
41
41
411
14 Ja II 29 Apr
75
75».
3
72
73
76 Hi 75 Hi a-73
74
73
73
73
Do pref
73
1,100
Jan1 64 Dec
Jan 21 77 4 Sep 10 45UJ
100%ioi% I58%160«e 159 loo> 159 l4 160 34 159'4l60 7 158 159 34 Chicago Milw. * St. Paul. 66,873 134 May 9 188 May
148% Dec
108%J
*188 189% •IKS 189*4 187 189'. 189 189 '187 189
186 189
Do pref
100 175 May 9 200 May 3 109%J
2 Jan 187% Dec
*1'J2
190 *1<J2 196
193 197
193 196 5192% 192 Hi 193 193 Chicago <fc North Western
200 168% Jan 21 216 May 1 150 '4 Jf'ne 17234 Dec
212 212
Do pref
600 207 Mar 1 248 April L96%M_
I»> 220
Dec
143 143 V 141 Hi 142
140'4 141
138% 140 Chic. Rock Isl'd <fe Pacific 3,402 110% Jan 4 175»4J'ne 5 102 J'n. 122% Dec
140Hil41
140H2 141
•135 145 »18S 145
-135 145 Chic. St. P. Minn. & Om.
'135 145
136 145
135 145
Mar
125
2 145 April 110 Oct 126 Nor
•172 200 '175 200
'175 200
'176 200
'175 200
176 200
Do pref
180 Mar29 201 April 172 Feb 175 Mar
22-4 22 34
21
21 '4
20>4 20%
19% 20% Chicago Tenn'l Transfer. 9,150 10 Hi J a n 19 31 Apr 16
20
20*4 21
21
8H)Oct 14% Dec
41
42
40% 41
41'
39
39
36%
38%
38%
38Hj
Do
16,775
38Hs
pref
'4
4
33 Jan 21 57%Aprl5 26HjOct 3934 Apr
97
98 4
95
95% 95% 96
95
93% 94% Cleve. Cin. Chic. & St. L
94
95% 97
4,400 73 May 9 99»4Sep23 65 J'ut 70 Dec
(118 118
118 120 -119 120
118 120
Do pref
20 115% Jan 12 121 Apr20 103% J'ne 118 Dec
•30
•30
•30
*30
•30
•30
Cleve. Lorain & Wheel'
27% Jan 7 37 Mar
14% Jan 30 Nor
•66% *73"' *68
*68
'69
*68
73
73
73
72 H •68
72%
Do pref
67 Aug 7 77% Feb 8 46 Jan 72 Apr
14
3
14 Hi
14
1334
13%
1334
13%
13
13%
13%
Colorado
13%
13H
&
vot.
5,580
So.,
trust
Jan
Apr29
21
18
5 Sep
8% Dec
4
6%
5i l4 54 Hi
64
54
*53% 54 Hi '53% 54Hi 53 Hi 53% 53 '4 53 Hj
Do 1st pf. vot. tr. cfs. 1,000 40 Jan 31 58%Aug30 86 8ep 47% Mar
25
3
25 Hi
24 34 25
23
26
24
24 4 25
25
24% 24 H
Do 2d pf. vot. tr. ctf s. 3,500 16HjJan 4 28% Apr 29 14 Sep 20% Mar
105 105 '4 104 161
102 163
103 Hi 105 '4 105 106
164 105
5,400 105 May 9 185% Apr 3 106 Hi Sep 134%Dec
Delaware* Hudson
8220% 220 "a '221 225
220 Hi 220
220 220 z221%221Hi 220 225
340 188% Jan
elaw. Lack. & West'n.
244 May28 171 Hi Sep 194% Dec
•46 Hi 47 Hi
45
45
4434 4434
43
45
45
43 Denver & Rio Grande
4 •45
40 »4
1,200 29% Jan 21 53%May 6 16% Jan 34% Dec
92 Hi 93*4
92% 92 Hi 92 Hs 9234 92% 93
9134 92%
91
91
Do pref
2,590 80 Jan 21 103%J'nel4 64% J'ne 87 Dec
69
09
09
09 Denver <fe Southwestern.
69
69
65 Sep 12 71 J'ne27
69
69
69
69
69
09
Do
pref
69 J'ly29 69 J'ly29
42
43 Hi
41% 42
41 4 41%
41 Hi 42 Hi
40
41
38
39 Des Moines <fe Ft. Dodge.
5,750 18 Jan 30 45 J'ne 5 12 J'ne 21 Dec
12
l
12%
12%
123b
12% 12% 11% 11% 11% 11% 11%
5,085
4 Dulnth So. Shore & Atl..
6% Mar
5 Jan 9 12%J*ne 5
4 J'ne
21 >4 22
21% 22H? 2134 22% 2134 22
20% 21 Hi 19% 20
Do pref
7,430 13% Jan 8 22 Hi Sep 30 12 J'ly 20% Nov
42 4
4034 41%
j
40% 41% 40% 413.1 40 4 44
39% 40% £rio.
76,800 24 Hi May 9 45%J'ne 4 1 Hi Sep 27% Dec
70
70 4
09
69 >4
07% 68%
08% 69 Hi 0834 09 Hi 68% 0:1
9,520 5934 Jan 21 73%J'ne29 30% Sep 03 Hi Dec
Do 1st pref
65Hj 55 H
65% 66 Hi 65
53% 54
65 Hj
55% 5534 55
66
4,850 39' 4 Jan 4 61 Mar21
Do 2d pref
Ben 43% Dec
01
59
GO
'61
01
58
05
04
00
61
61%
61
Evansv.
6,500 41 Jan 31 68 Apr 12 38% Oct 54% Mar
& Terre Haute
•92
*85
95
'85
90
•85
*85
*85
90
90
90
Do pref
94HjApr
80
81 Jan 4 95 April 74 Oct
27
27
Ft. Worth&Len. C.stmp.
"Too 17 Jan 18 36 Apr 20 12% Mar 20 Dec
188 189
180 34 187
186 % 186 Hi 180 187% 186 186
184 184% Great Northern, pref.
5,850 107 '2 May 9 208 Marl5 144% J'ne 191 Hj Dec
Green B. & W., deh. ctf. A
05 Jan 2 67 34 Febl4 53 Hi Mar 66 Dec
8%
8%
8
8
""l7 7% Jan 28 11% Apr 22
5 '4 Sep
Do
deb. ctf. B
8% Dec
5334 64 H.
3
53 Hi 53 Hi
51 4 62
53
53
52% 52 Hi 5134 52 Hj Hocking "Valley
Dec
1,800 40 Hi May 9 57 May
30% Jan 42%
75
75 '4
74% 75
*74
"74
75
75
74
75
74
800 G934 Jan 21 80 May 2 58 Jan 74 34 Dec
75
Do pref
145H2147
3
145 145% 145 1451s 145 145% 144 144
142%143
Dec
Illinois
7,766
132%
Central
4
124 May 9 154% J'ne29 110 J'ne
4138 41 34
39% 40
40% 40 a4 39% 40
39
39% 39% 38
Iowa Central
4,210 21 Jan 21 43 34J'ne21 11% Jan 27% Dec
78 a4 80 Hi
77 Hi 78Hi^ 7834 78',
77
77
74
75
76
78
Do pref
3,000 48 Jan 21 87%J'ly 1 39 Sep 68 Mar
30
30
•35
38
*3o
37
34 J* 84 '4
31
34
34
33 Kanawha & Michigan.,
800 21 Jan 8 41 J'nelS 10 Jan 25 Dec
18
200 13% Jan 4 25 Apr 30
*18Hi 20
18
ansas City So. vot. tr..
7 Sep 17%Apr
'39
40
38% 39
38
400 35 Jan 4 49 Apr 30 27 Hi Sep 43% Apr
37%
Do
pref. vot. tr. ctfs.
15
10 Hi
14% I6H2 16% 18
10% 18% 16
15
15
18
6,900
Keokuk <fe Des Moines...
5 34 Jan 3 18% Oct 2
3% May 6 Dec
42% 42 '4 44 Hj 45 Hi • 42
•40
*40
44
44
40
45
400 24 Jan 2 45 Hi Sep 30 14% Oct 23 Dec
43
Do pref
70% 73 Hi 69% 70% 70
08 '4 09 '4 *07
71 34
64
70
8,900
66%
Sep
27
39% Jan 21 74
20% Mar 52 Dec
Lake Erie & Western...
134 134-s 133 133 •130 133
128 138 -127 132
,127 127
1,300 1 os'a Jan 21 135% Sep 27 83% Feb 1 15 Dec
Do pref
• 251% 280
200 275 '200 275
275 300 L. Shore & Mich. South'n
200 275 4276 275
75 i 230 April §275 Oct 3 2197 Jan 240 Dec
•72
74»4 74 34 •72
75
-72
75
73
72
75 Long Island
100 07 Jan 3 82%J'ne22 47% Jan 89 May
75
104 104% 10234 103
102 H2 103
102 H2 103 '4 102 14 103
12,100
Louisville & Nashville...
70 May 9 11134 J'nel7 68 34 Sep 89% Dec
123 4 1243,. 122 123°, 121% 1233,, 120% 122% 119' 121% 101Hj102Hj
118% 120% Manhattan Elevated... 88,290 83 May 9 131 34 Apr22 84 J'ne 1 16% Dec
4
• 104
IO434 103 103
IOOI4IO2
102 Hj 103
L62 104
102 163
etropolitan Street
8,800 150 May 9 177 J'ne24 143% Sep 182 Feb
*38 l4 4U
40
40
*38
38 40
38
41
40 Met. West Side El. (Chic.)
100 27 Jan 9 40 Sep 27 24% Jan 37 H2 Apr
40Hj *38
02 Hi 92 H *91% 93
* 91
*91% 93
•90%
92 Hi -91
Hj
100 79% Jan 15 93 Sep 18 76 Feb 84% Nor
92 Hi
Do pref
92H2
23 '4 23 Hi
23% 23'.
2334
23 8 23 '4
23
22 34 23
23 Mexican Central
22%
3,491 12% Jan 21 30 May 2 10%Jan 17 3BDec
*13% 14
13 '4 13%
13 '4
13
13 8 13 H:
13
13 Mexican Nat'l tr. receipts
13% 13
4,100
2% Sep 6 Mar
3% Jan 24 15 Apr 16
4105
*105
'105
105
105
105
Michigan Central
107% Mar 4 107' Mar 4 2104 Jan 115 J'ne
107 Hi 107% 100 i07" '105% 107
"906
107 i'07" '105 i"07
Minneapolis
lll%J'lyl9
45% J'ne 71% Deo
& St. Louis
67% Jan 19
• 110
118
110 118
'115 118 *115 118
110 116
200 101% Jan 7 117% Sep 20 87% J'ne 104% Nor
Do pref
27
20
28
'4 20'4l •20
2
20% 20Hn 26
1,400 15 May 9 28HjAug27 14 Sep 27 Apr
25% 20 Minn. S. P. & S. S. Marie
20H>
70
70 '4 77Hi •7:;
77 %
*73
*74
70
70
1,400 49 Apr
70
73
78 J'ne25 47 Nov 69 Apr
74
Do pref
27% 28 '4 27
2 7 Hi
20 78 27
27
2 7' 4
27
20
3,050
25%
Mo. Kansas & Texas
9 Sep 17%Dec
*20Hj
15 Jan 21 35% Apr 20
•54 Hi 54
62% 53
52 '4 52%
52 Hi 53
52%
52 H
51
pref
3,050 37 May 9 68% Apr 19 25% Sep 47% Dec
52
Do
9034 9734
94
90% 95
t'O
94% 90% 94
96,170 09 Jan 4 124%J'nel4 38% Jan 72% Dec
9
93% 95 Missouri Pacific
Mob.<fcO.,J.P.M&Co.rects
35 J'ne 49 Deb
78 May 9 85 Aug2
195 198
196 198
Morris & Essex
2101% Jan " 197% Apr 9 2183 % Jail 2ls9%May
15834 1(50'b -cl56>sl58
150 14 I5734 150%157H> 155 157
154 155%
Central & Hudson 24,200 139% Jan 21 170 Mav 2 125% J'ne 145% Dec
50 l4 67%
52
52
54Hi
53
54 Hi
54% 49
48
52
49%
Y. Chic. & St. Louis.. 21,150 16 May 9 57% Sep 28 11 J'ne 24% Dec
120 120
110%118
'115
115 115
120
112 120 '112 120
COO 97 Mar 1 120 Sep 18 75 J'ne 110 Deo
Do 1st pref
9314 95
90
91 Hi
91
92
90
91% 85 Hj 85 H 84% 87%
5,225 4.7 Mar 1 95 Sep 28 29 J'ne 58% Dec
Do 2d pref
420 Apr 1 420 Apr 1 400 May 420 J'ly
New York & Harlem
135 138
H34%Janl5 139 Feb 21 2130 Jan 2135 Mar
N. Y. Lack. & Western.
•210 212
210 212
2113
2113
210 214
211 210 2211%211% N. Y. N. Haven & Hartf
150 $206% Feb 27 217 J'ne24 i207% Sep {215 34 Jan
4
4
34 l4 34 H:
33 '4 34
Dec
33% 3334 33 14 33'4 33 Hj 33% 32 '2 33 N. Y. Ontario & Western. 13,320 24 May 9 40% May 1 18% J'ne 32%
54% 54 % 5334 54
5334 54 '4
53 'a 54% Norfolk & Western
53% 54
16,350 42 Jan 10 57% May 2 22 s Jan 45 34 Dec
53% 54
89 Hi 89 >s "89% 89 34 •89
3
3
*89
89 4 90
600 82 Feb 15 90%J'nel3 67 Jan 83 Dec
89 4
-89% 90
90
Do adjustment, pref.
Northern Pacific Ry
77% Jan 21 700 May 9 45% Sep 86% Dec
3
90
84 '4 Jan 21 113% May 7 67 Sep 91% Dec
97
96%
550
96%
pref
Do
95% 95 4
*63
68
'03
63 08 "03 08
68
•60
52 Feb 1 73 J'nel9 46 May 02 Nor
68
Pacific Coast Co
•90
98
*90
*90
*91
98
*90
98
98
89 Feb 25 98 Apr26 82% Sep 90% Dec
98
Do lstpref
*08
74
"68
57
*67
74
74
74
*67
63 Jan 8 75 J'nel3 57 May 69% Oct
72
Do 2d pref
144% 145 H 143>4l44
143 '4 144 % 143 Hi 145
32,543 137 May 9 161%Apr22 124% Sep 149% Deo
142% 144 Pennsylvania
143Hil44
43
49
40
47
44
43 Hj 45
5 J'ne 18 Dec
44
42
2,950 14% Jan 22 50 Sep 27
42
41 Hi 42 Peoria <fe Eastern
33% Jan 9 75 J'nel8 20 Jan 35 Deo
Pere Marquette
72 Jan 2 86 J'nel7 55 V Jan 73% Deo
Do pref
72
57 Jan 30 80 J'ne 7 49 34 Sep 80% Jan
Pittsl). Cin. Chic. <fe St. L.
72
100 105
88 Jan 4 105 May 7 78 J'ne 94 Jan
100
Do pref
41 '4 42
40% 41% 40 8 4 IV, 40
41 'b
39% 40 H; 38 Hi 3«34 Reading, vot'g tr. ctfs.. 62,500 24% Jan 4 48 Hi J'ne 3 15 Sep 26 Deo
70
75 '4 75%
70 l4
7434 75 H>
75
75 4
75
75 Hi
6,000 05 May 9 80% J'nel7 49 Jan 71% Deo
1st pref. vot. tr. ctfs..
74% 74%
62
62% 51% 52
51
51
51 a4
52
50% 51
49 a4 50% 2d pref. vot'g tr. ctfs... 11,940 38 Jan 3 59 '4 May 1 23 5f Sep 39% Dec
65 Feb 5 85 Mar23 43*4 Jan 80 Dec
Rio Grande Western
93 Feb 10 108 J'nel9 80 Jan 95% Dec
Do pref
•125
•130
23
128
125
135
127
130
22 s
1
.
1
(
,
,
t
H
i
:
1
.".
:
'
'-2
>
'
.
NY.
j
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
NEW YORK
Sid
CITY
American
Md
Bunks
Chemical
510
Amer Exch.. 207
Astor
600
Bowerylj
300
...
Broadway
400
Butch's&Dr 110
Ask
530
Citizens'
City
Colonial U
..
282% Columbian
. .
.
Commerce..
Commercial
Corn Exch'j
East River.
Ask
Banks
Bid
4000 4100 First (new).. 725
150
14thStreet1i. 105
590 610
Fourth
225
300
Gallatin
410
325
GansevoortU 140
350 375
Garfield
500
German Ami S3
100
400
German i-.\* 125
Germania' .. 500
140 i'50
Green « Lch.| IT.".
150
1
Ask
760
250
430
Bid Ask
Bid
Banks
Banks
Imp & Trad. 555 580 Mt Morrisl-- 150
190
Leather Mfr. 225
500
Liberty
900
Lincoln
Manhattan!!- 290
Market &Ful 250
260
Mechanics'
Mech <fe TraH 125
Mercantile .. 250
Merch Exch. 135
Merchants'.. 180
Metropolis 1] 050
175
190
1400
1500
210
310 340
19lh WardV. 150
Ninth
75
North Amer. 210
MutualT]
Nassau'
270
.
New Amster
New York Co
N Y Nat Ex.
New York...
Bid
Banks
Ask
|
275
100
500
iPeople'sl]
Phenix
Plazall
Prod Exchli
a 05
RiversideU
210
450
675
Seaboard
Second
Seventh
.
Shoe&Leth. 107
280
State*;
500
175
11 th Wardlj
State of NYU 230
165
225
Haimltonli
1(10
Orientall]..
Fidelityli
150
175
..
12th Ward*;. 110
Hanover
700
200
195
Fifth A veil.. 3250
Paoificll
Chatham
2i Id Ward 1!.. 110
325
Fifth
325
Hidecfc Lath 160
Park
575
* Bid and asked prices; uo sales were made on this day.
Stute hanks.
2 Less th iu loo snares,
a Ex dividend and rights.
| bis rights.
t Sale at Stock Exchange or at auction this week.
Stock "cornered" sales for •cash" were made as high as 1000.
s Trust Co. certificates.
Central..
130
200
Century
Chase ..
>
1
t
.)
fl
||
Ask
115
112
24*6"
October
StOCk ReOOrd— Concluded— Page 2
1901.]
5,
8TOCKB—HIGHEST AND LOWEST SALE
Saturday
,S'
W
•114 12H
*114 124
ou
(lit
27
»aa
120 41204
45
453„
•78
81
08 4
i IU
7!t
-07
02
67
41-%,
•lis
80
101
.
>i
L
15
•07
BO
V
1118
22 Si
30 '4
101
i
n
Thursday
Jf
lo
HI
SJt. J.
>~
60
•„
L204
180
1
1
'i
1
41
.
1
St.
80
80
3o '4
BO
6 4 02
67
824 33 V
88
1
29
11,,
OH
RANGE
\<
1
07 4
56%
\v
1
1
11
I
44»a
•77
80
OS
30
PBJi
8
67 4
•20
iao 120
27
Do
1m
l)U
I)U
2ll I'M
et
in
tr.ctfs
t
Till
\
I
2111'
Law. A XiUrom
l.ouis .v San Frail
Hii
1*1 prttl
Do
.'il
Do
69 4
Jtiyhest
1
A Q
75
100
.1
860
[i
8.100
St Louis Southwestern.
004
3.72."
pre!
11
4 Jan
Bo Co
32 4
82 Hi 88
SO
80
10
41
414 404 41V
40V
'118 1 I!'
'118 120
'118 190
119
21
22 Hi 22', 421 4
2S>9
3j
30
30
30
37^
30
•101 102 4
98 100»4
101 Hi 101 101
884
404 414
'<
38
102
1
H;
68
4
2 1-V
1
12
:>o\
3
87
42
121
•14
304
57^
804
4
4
02
62
83 4 33
1
I
1
Oct
55
*32
1204 '120
27
120^
304 814
1 1 H:
80
60
•22
Wednesday
Ttientlai/
Oct. 1
.i/(i/ll(<M/
Sept
<.<
709
is
Do
r
pexaa
HI
1174
1 hirti
pref.
1.
23
Paoiflc
.v
Avenue (N. y.j.
1.
W. T.tl
334
Ho pre! mil tr. cti.i 10,4
28
3,3
Twin City lUpld Transit.
147
Do pref
n
L39.360 70
Union Paolflo.
loo
Hi'i
97
4 98\
*88
894
22 >a 22',
30 Si 80',
61
954 97V
87 »4 B84
21*4 214
18
50
32
22
43 Hi
•49
61
•30
22 "a 82\
43
43 4|
2
43
Hi
9
38 Hi
3tv'4
17
18
Ha
49 '4 49
29 Hi 29
214
•42
214 2134
384 38 V
'174 184
50
60
Hi
294
'4
21
29 V
22 4
1
21
95 V 964
87 V 87 4
90 V 97
87 4
884 88'-..
214 21V
:it»V
38«s
18
'4
7',
4
414 42 4
44
80
87
21V 214
37 4 384
17
17
484
49 4
BO
•28
37
17
May
a
4134
424
:i
1
i
:;,
W
',
1
<
Jan
'.
.
Jan
9
21
ii
Iiec
.
Apr 19
May 8
IV. la
s
2.43
6,880
pref..
abaca
Do p
17 4 Wheeling A Lake Erie...
is
48
Do lht ]irct
Ho 3d jiref
284 28 4
204 21 Wlsoonsln Cent v. tr. cfs
no pref. vot. tr. ctf.s.
404 414
4
214
tin
in
1
3
i
11
90
2
.l;,v
7,636
'tul. si
.v.
II
1
Jan
'4
230
..
80
89
.1
nt. tr. otfa.
\
Sep in 1136
157
May
21
114 Jan 8
8,4 5(1 234 Jan 4
1,900 114 Jan 33
95u 45 May 8
600 24 May 9
4,400 144 Jan 21
26 Jn.
40>„J in
1,550
4934
38 4 Jan 17
Dec
1
J 'in-
Mar28
Mar26
I
Dec
Dec
16
21
(iii'i
11
tfai
:.
22
38
26
Jail
i
4
8
Sep
Sep
10
J'll.lT
Apr 17
30
M ar
Mar
204 Apr
57 Apr
33 4
in
J
.Mint rllinii'ous.
•180
195
*1 8
24
•6
•180 196
195 •180 195
90 4
894 90 4 896b 91
180
904 93
7
12
884
2 Hi
10
2 Hi
•2
•7
10
3
•2
3
15
•10
26
BO
30
....
294 294 284 29 '4 284 8JB
«84 4 85 4
83 °h
834 83",
304 81
•30 Hi 31
•304 31
•89
•100
28
•60
90
198
08
•234 24 4
804 87
7
7
•20
27
45
45 4
90 34 9034
40
*83 4 87
1234 1244
99
138
133
•89
'884 90
91
90
190 192 •188 195
196
3
25 4 274
27
27 Hi
20
27
*05
64
68
z04
044 {04
•16
•15
18
20
22
«18
•43
49 4 49 4
49
604
49
23
234 24
254 25 4 264
804 87
804 874 864 87
*6»4
•25
*64
7
27
4434
44
96
90->4
40
874
23 4 23 Hj
•77 Ha 78
94 4 94 Hi
•97
100
17
H>
IIH2
943i 9o
123 132
•1734 18
217 2174
•00 '4 67
115 115 34
'137 140 Hi
7
74
«24 34 24 a4
55
'103
22 Hi
'77
94
102
19 34 20
•85
90
101
Hi
in-'.
4()34
Hi
41
82
214
•3
44
•84 10
154 154
1
•3
*8Hs
15
•32
•16
•71
•90
38
16
•32
734
•71
•90
12 l4
78 4
96
64
12Hi
80
4%
17
924
123
•17
217
•14
«
36
•208
•10
93
94 »4
• 123
132
•17
18 4
4
114
2184 218
1144115
...........
110
• 137
45
904
46
87
119
114
99
16
25
20
10
28 84
794 804
30
304
78
28
189
26
26 34
03 4 03 Hi
-15
20
-45
604
lss
10441044
22 s4
•75
944
6%
•33
85
•90
•101
404
10
154
00 a4
25 Hi
70 14
32
80
4Hi
74
95
64
04
•34
45
•84
•91
101
38
85
93
102
20
90
40 4
91
214
20
•86
384
84
4H
104
15
66
153s
0034
24
72
•30
•78
•44
6134
-32
16
•70
•90
110
140
544
104
77
94 4
6
:
«4
38
46
87
95
102
18
437,
102
20
90
40
70
97
•3
44
•94 104
154 154
66
25
73
72
•30
•79
82
82
44
5
614
62 4
37
18
74
88
32
66
26
73
32
82
6
6234
37
154 154
70
90
12
78 34
74
95
124
794
164 164
624 53
434 44 34
934 95
79
523a 52 13
434 44
934 944
60
30
414 424
•164 174
60
60
12341234 •120
160
274
104 34 1004
384 39 4
78
794
212 215
20
79
914
"94
214
•3
79 Hi
53
4434
43 Hi 444
94 Hi 944
9434
94
60
00
CO
004
•123 128>9 •123 126
• 160
175 •100 175
184
21934
224 224
124 12%
174
95
132
94
77
175
160
904 914
904
-15
'45
25 V
254 274
pref
400
188 American K\ press
20 4 American Ice
25V
03 4 634
Do
4,261
650
20
200 31
pref
American l.mseed
21
Do
504
14 Sep 25
10 Sep 30
19 Jan 21
67 Jan 19
24 4 Mar 9
85 Apr 10
5169 Jan 12
2 534 Oct 2
034 Oct 3
5 V Jan 24
pref
Jan 24
224Augl3
834 Oot 4
050
44 Feb 4
50 224 May 3
34.072 394 Oet 4
American Locomotive...
80
Do pref
874 2834 S4U
64 04
64 04 American Malting
29,160
6,550
26
51874 Mavl 3 111
Jan 1160
J'nel7 89 34 Dec 99 4
Nov
Nov
84Apr23
Apr22
35
35
12 4 Jan 254 Nov
574 J'ue 72 Deo
80 J'ne 37»4 Apr
884 Sep Km Apr
J'nel4
89 J'ly 2
364J'nel
91 4 Jan s
5205 Mar26 5142 Mai 191 Dec
41»e Maris 274J'n. 49 4 Apr
7734 Mar22 00 4 J'ne 7s 4 eb
30 'g J'ly
N o v 104 Feb
6
66 J'ly
344 Dec 00 Fel
32 4 J'ly
89 J'ly 8
7 34 Jan
8 J'ne20
3 J'ue
30 J'ne25 184 J'ne 314 Jan
69 Apr 20 344J'n< 50 4 Dec
1044J'ne20 85 J'ni 99 Nov
1
«21
24
Do pref
39 4 41
Amer. Snielt'g & Retin'g.
90
Do pref
2,841 88 Feb 26
94 4 944
40 •
40 American Snuff
26 Marl9 494J'ne 8
-83 4 87
200 73 Aprl7 90 J'nel4
854 86
Do pref
3
95 14 Mai 149 Dec
II734 1204 115 4 U7 4 American Sugar Refining L57,08t) 1154 <>ct 4 153 J'ne
114 114 •112 114
Do pref
1,500 114 Sep 30 130 J'ly 19 107 Mai 118 J'ly
;i<j
123 {94 Jau 7 100 Apr 13 587 Sep .98 4 Jan
American Xel'gbA Cable
300 159 Oct 3 1 67 34 Sep 4
159 1594 159" 159 a merioan Teleph & Teleg
10(
99 May 9 144 J'ne 8 844 J'm 114-4 Dec
* American Tobacco
100 i:;7 Jan 2 150 J'ly 12 128 Ma; 140 Feb
150 150
Do pref
60 134 Marl5 21 4 Jan 2 214 Dec 224 1"
American Woolen.
75
—
255 70 Mar22 8234 J'ly 1 70 Dec 704 Deo
75
Do pref
36
35 4 304 Anaconda Copper
37
17,120 34 Sep 26 54 4 April
374 J'ne 54 V Apr
208 2 5
175 Jan 18 228 Apr 15 140 Jan 1S3 Dec
Brooklyn Union Gas
•934 10»4
•9 a4 11
834 Janl9 1434 Mai -19
runs w. Dock &C.Imp't
4 J'ne 16*3 Jan
914 Colorado Euelifc Iron... 10,400 41 34 Jan 21 130 4J'nel7 294 Sep 50 4 Dec
914 934 90
•123 132 •123 132
i Do
pref
116 Marl9 142 4 Apr 29 117 ("t 13 14 Jan
15
16 Col. & Hock. Coal <fe Iron.
21 Apr
10
17
11 4 J'm
K200 14 Jan 18 254 J'uel
21642184 212 4 2164 Consolidated Gas (N. Y.). 14,135 87 Jan 18 238 Apr 15 tioi Sep 201 Nov
s Continental Tobacco
38 34 Jan 4 714J'ne 6 214Maj 404 Dec
115 115
115 115
Do pref
1,000 93 4 Jan 2 124 J'nelo 70 Maj 96 Nov
•135 140
300 135 Oct 4 152 4 Aug
135 135' Diamond Match
•634
7
7 Sep 30 104.1'mis
7
7
Distilling Co of America.
2,305
26
20
Do pref
71 234 Sep 13 33 34J'ne25
J'ly
25
25
Gas<fc Elec. of Bergen Co
100 25 Oct 3 Mil VJ'neiO 64 Ma(
Dec
25534 256
2504 255 General Klectnc
3,001 1834 Jan 10 2694J'ne24 L20 Jan 200
40' uluco.se Sugar Kenning.. 10,885 44 Oct 4 05 May 2
45 4 60
44
44 Ma] 00 Nov
103 103
4 5(i 93 s4 Mar 5 107
Aug 5 92 Dec 103 Nov
DO pref
22 V International Paper..
214 224 21
5,560 184.MaylO 28 Mar22
144 Mai 264 Nov
75
7 5 j
2,83" 69
Jau 21 K14 Sep i" 58 Mai 75 Nov
70 4 704
Do pref
Dec
88
894 International Power..
814 93
24 J'nej
7,900 544 Jan 2 00 4 M ;.>;!
4 0'4 nteiiiational Silver...
000
04 64
54 Feb 7 11 Jan 5
3 4 Auy 10 V Jan
*33
•35
38
38
Do pref
33 Apr 25 40 Sep 7
45
43
45
46
Intemat'l Steam Pump..
28 Dec 294 Dec
2,1 (to 21V Jan 22 404 Sep 11
'824 87
Do pref
100 74 Jan 24 864Aug27 76 Dec 77 4 Dec
•90
95
90
90
100 70 Jan 18 95 4 J'ly 8 05 Ma] 80 Jau
Laclede Gas (St. Louis).
•101 102
102 102
Do pref
100 95 Jan 21 102 Sepl
96 Jan ioo Jan
-8
15 Manhattan Beach
*B
18
84 Jan 28 22 Apr 16
04 J 'n lf»4 May
43
43 V a;414 41
Jan 21 40 May 3 23 J'ne 40 4 Nov
rational Biscuit
L'i'oo 37
•100 102
99 100
Do pre!
700 92 Jan 2 1034 Aug20 79 4. I'm
5,90c 15 Marll 25 4 J 'lie 12
194 194 National Lead
1 5 V Aug
284 I'eb
194 214
loo 4 Feb
80
80
80
Do
pref
89»4
510 81 MayK 93VJ'nel3 83
294 35 National Salt
23
30
324 "et 40 Nov
1,850 23 Oct 3 50 Mai'2l
•00
«
75
704 Nov
09 4 <Jet
70
Do pref
100 7 2 4.' a n 8 84 Mai 2
139 138 New York Air Brake..,
139 139
643 133 J'lyl5 175 Apr'20 112 Sep 175 Nov
91'
93
North
109
4
American
1'eb
14
73
J'uel8
944 944
600
4
Co., new
41
!)acilic Mail.
414 4134 40
6,200 304 May 9 47 4 Jau 29 25 34 J'ne 57 Nov
111 4 Apr
102^4 IO034 10134 1044
eop. Gas-L.& C. (Chic.) 49,555 95^.1 Jan 21 1204J'ne21
Jan
37
384 Pressed Steel Car...
37 4 39
3,775 30 Mar 7 52 Jau 2 82 4 Sep
Sot
76
77
7S
7o-',
Sep
5
89
29
80
Do pref
724
Mar
Apr
1,510
213 213 Pullman Company..
213 213
450 195 4 J an 21 217 Apr 1 170 J in 204 Dec
2 4 Mar
34 3 4 Quicksilver Mining
14 Apr 22 64May31
4 Aug
34 34
100
•24
41
95
27
444
1
11
94 4
12 Hi
53
364
216
23 4
774
464 404
4()34
44
18
79
25734 25734
51
104
1
f
Jan 21 130
88*4
1
Do
is:
}145 Jan
Expresa
amalgamated 'upper... 236,070
l,9(l(i
2 4 American Bloyole
1,300
10H
Do prrf
21V American Car & Foundry 27,896
79
Do prrf
7,491
2,230
29 4 Lmerloan Cotton oil
_
7
•24
•22
•25
27
•20
SO
257 4 257
•534 50
20
86
154 154
10=8
913s
*9 34
90
38
:,
20
54
20
614 63
434
91%
«17
*8
-8
J 8
•434 444 43
41
102 3j •101 102 4 •100
214
210
00 Hi
$25 4
70 '4
•30
80
12Hi
79^4
»17>4
100
•75 4 70
754 75 4
142 14034 •138 143 4
'94
95
97
95
Hi
414 44
42
42 4
1O0 100 Hi 10541064
a
40
39 4 403b •39
*80
81
81
881
66 4 0034
26
20
•73
79
•80
32
•78
82
•44 44
634 64W
6 34
93
102
12
*80
1074107 4
78
94 Hi
38
4334
4
65
100
23 Hi
464 464
•91
101
-8
•40
•80
•210
•97
80 Hi
304
217 •208 217
353,
210
"10
93
102
18
44
97
41
•80
117
114
«97
36 3
•33
46 >4 40 Hi
•96
41
•
J704 79 14 4784 784
•64
44
•101
44
96
97
40
114
2604 z26842694
•91
•101
•8
444
87
34
260
44
•90
'
64
•244 27
27
•834 87
1234 1174122
1154 114 115
•83 Hi
120
64
7
•24
•133 Hi 134 Hi
•210 217
'10
1034
95
97
•123 132
18
18
210 4 2194
•00 Hi 00->4
•115 110
•27
914
>10
Adams
•180 195
86 s4 90
195
3
284
834
804
MOO
•15
86»4
•180
BO
•89
284
•97
8
60
125
175
91
1
:l
1
1
;
>
1
1
1,
84 104
-84 104
154
66
664
234 244
14 4
65 4
15
73
•30
79
214
2434
44
5
62
37
5
004
•73 4 77
'30
32
•78
82
77
32
79
69
•32
15
•71
•90
11
78
15
4
4
58 4 59 34
Do
pref
Republic Iron
Do
&
Rubber Goods Mf g
5,375
Do prof
Sloss-ShelUeld St. & Iron
Do pref
Standard Rope <fe Twine..
lenu. Coal, Iron & RK...
Texas Pacific Land Trust
300
"206
2,500
19,300
1234
48
43
524
5934
5934
United States Express...
1134 United States Leather
10'4
Do pref
774 80
12 4 13»4 United States Rubber
48
Do pref
47
424 43 4 United States Steel
92-4 934
Do pref
69
118
160
904
200
100
90
90
434
934 94
122 4122 4
•100 175
90 34 91
1,720
25,475
7,980
10,08(1
8,455
223,715
87,852
59
Virginia-Carolina Chem..
Do pref
125
175
\ Veils, Fargo & Co.
90 4
est'u Union Tele'gpl
800
300
12-'.
Sep
55 4 Jau
21 4 Oct
704 Sep
194
13
21
4
80
Feb 5
051..
Jan 22
11»4
4,(i5(i
pref.
154 "is" 154 Union Mag a Paper
71
71
Do pref
73
95
12K
79
10
Mar20
7
0.52O
Steel.
34 Mid'
7-4 Oot
884 J'm
Apr
884 May
90 May
4 4 Apr
84 J
Aug
49
1
2
2
2
lo V
Mar
7034
Feb
Feb
174 Oct 20 Nov
694 J'ne 71 Nov
44 Mai 104 Jan
49 Oct 104 Feb
\pr 8
nel3
70% J 'ne is
42 Apr 20 13»-,.rue 21 a4
19*aJ'nel7 10 J'ne 25
75 J 'ml 7 664 ilaN 7 J i
loo Aprl9| }45 Mar
1
.
104 Maj
53
'
4
34
So
7 a4
2
J'ue
19
79 4
66 J'm
21 J'ly 4 1
74 4 Dee I04
Aug28
Jan
Jan
1
2
2
'4
Dec
Feb
Keb
Dec
Jan
Nov
Jan
Jan
56 Apr 30
101 4 Apr 30
125
1 70
i
Mar30
Aug30
120
s
140
.
lay 6
Jan 21
81
4,053
Mav27
J'nel7
82
6
4938 Mar
19 Jan 18
12 Apr 12
05 Apr! 1
553 Jan 26
734M11V 9
09 4 May
12 4 Oct
47 Oct
24 May
69 May
61 J'lylJ
116 Apr 20
«130 Jan 11
J
24
Dee
Jan
BANKS AND TRUST COMPANIES- BROKERS' QUOTATIONS
Banks
KEW YOKE
Bnnks
Bid
CITY
tJnionSqU... 300
VanckD
Ask
250
Washingt'nl; 145
"We8tSide11.. 600
Western
YorkviUeH
..
000
240
050
BROOKLYN
1
and asked
Sale at Stock
Ask
Stli Wardll ..
85
5th Avenue^ 100 110
First
295
Kmcrs Coil... 130
Mannf&ctra'. 285 300
inicsli
t215
Meeh <fe Tral 270
Merchants'.. 100
People's*;
prices;
Bid
Banks
BROOKLYN
17th Ward20tli
125
200
Ward",. 140
Unionl,
Wallabout'l
.
.
140
105
Ask
195
(
100
Cont menial
Farm
Trust Cos.
295
195
'
\
\
Life*
Es
1
.
......
Cos
Trust
BROOKLYN
Bid
Brooklyn Tr
170
Flat bush
Am. 860
Tr Co
Union Trust
725"
9Mtg<S
1050
Eatea
Washington
.
....«
315
41<i
270
.
810
550
Williaiusb'g. 200
1
390
300
Hamilton
275
M.11111!
1
Ask
in
.
1
of
.
t
1
nys
Real Esl 1
StandardTr't 860
.
[Metropolitan
i
Bid .4**:
1100 1300
250 ••••
180
14 50
Kniek 'rb'k'r 70(1
Manhattan .. 150
Id -rraiilile
950
Merchants
325
1
TVust Co's
.Mot -lonTi-ust
North Ainei
Ave Tr 950
Guaranty Tr 700
no sales were luajtle oa clns day. i Oms hi 11 H) > *n irus.
or at auction this week.
s Trust Co. certificates.
Exchange
.
l.oA'l'i
I
876
Filth
CITY
Atlantic Tr.. 285
Bowl'gOreen 1S5
Ask
VniraL Tr'st 1876 1950
Colonial
N. Y.
205
Trust C'o's Lid
C'Ul'tyB&Tr 525
213" City Trust... 350
.
Nassau
350
Nat city
300
North SideH. 175
BedfordU .... 225
Broad wayH.. 250
Brooklyn!! .. 120
* Bill
Bid
BROOKLYN
•
220
a
210
00
rights.
11
U.uiics
marked
\vith a paragrapo.
iflj
aro si.iie bauka.
Stock Exchange -Bond Record, Friday, Weekly and Yearly
urn PYING four PAGES
New York
BONDS
BTOCK f.xciiangk
wkkk bkduki Oct. 4
N. y.
JTIce
fPtek'i
Friday
l:n mil' nr
Slltr
1. 11 Hi
Oct
1
Ask how
Hid
V
consul registered, d] 030
il
DSO
OOUBOl coupon
ii\ 930
Li
consol reg m
couaol coup small d 930
'.Us
registered
s
u u
s
u s
V 8
1 1 1
i
:
i
'.
u s
coupon
s
u
V
V
v
reg small bond
s
8
s
s
I'Dll sin. ill
I
Inillii.s
registered
q. j
U-J
Sri
g
g f
918 g f
registered
B
coupon
&
registered
rou poll
/.
1
i
..hi 1)07
..hi !M>7 H-.l
...A 26 g F
...
.
coupon
s
1
Q.J
fcl '.IIS
V
V
V
]
.
tr
Jlnjli
January
No Low
Government
s.
'.I
...A B28 3-F
...A '.MM (j.F
1 '.nil
109
109
109%
N. Y.
1
Jiiyli
105% 109%
106% 108%
109%
1IU'-. 109'm
BOVOH
l.nnge
since
- ;
108''„S.-p'01
N
Central of
Am
(Contintudl
J
IDS', |OM', An^'Ol
108
109
108% Sep '01
V
\u'g 0l
112% 118%
l!
..
I
106»4
lor>".,
10H
111% Cen1 Paclno
108'.i
112
i"o8% iia""
112% 114%
12% i].r»%
1
17
189
130% 139%
'-j
110
109
lO'.l'-.I'ly'Ol
111%
113%
Charles
A Sax
Be* 80
1
«i
V
S
of
Mexico
s
ri
f
nun
g 58
ill
of
1899
J
J
96
are yr
Ivete
ices o
Apr'Ol
96
97%
n tlu I asis 0/ $oto £..
State Securities
A lahama class A
1906 J-J
4 to 5
108
108
Small
Class
Class
11
(J
5s
4s
I
107 <
102 >-2
109
126
107 108
l
DIM
I'.MM
Currency funding 4s... 1920
Dist of Columbia 805s.
1924
Louisiana new consol -Is. mil
small
1894-199.
Missouri funding
Nnrtli Carolina Consul 48.1910
.
Small
r)
lOO^
...
105
109
!
4
Sep '01
Aug'98
Oct '(Ml
103% Mu r'Ol
109
120
Aug'01
HMi-'.i
Ang'Ol
01
.ri\
109% Feb '99
Feb '01
105
,
133%.
..1919
s
13b'j.I'ly'01
Mar'00
95% Sep '01
94% Sep '01
96% Sep '01
120
So ( Carolina 4%S 20-4o" ... 1933
Tenn new settlement 3s.. 1913
small
Virginia fund debt 2-3s... 1991
95
96
Registered
Gs deferred certfs
"i' 4 Aug'Ol
l
Knilrond
Alabama Cent Bee So Ry
labaMull See Sav Fla <fe
Albany & susq See Del* Hud
Alleglieuy Valley tol'tiuuKK
Allcg <fc West See Bull K & P
Am Dock «fc 1 See CeutofNJ
Ann Arbor 1st g 4s
A1995 g-j
Atcll T & S Fe gen g 43. ..1995 A-O
W
1
1936
J
Registered
Stamiied
Beech Creek See N V C & H
Bcllev tfc Car See Illinois Cent
Boom; Bridge See Mo K & '£
Bklyn & Montauk See Bong 1
Bruus & \\ est See Sav Fl Ac W
V
K&
"95" Sale
A1995 Nov
Equip tr series A g 58...19U2
Clue & SI Bouis 1st 0s. .1910
Atl Knox <te Nor 1st g 5s. .1946
Atlanta & Danv See South By
Atlanta cfc Vadk See South Ry
Austin <fc N \V See Sou Pacitic
||>at Creek & S Nee JVlich Cent
JJalt & Ohio prior 1 g 3 %s. 192
Registered
A.1926
Gold 4s
/(194S
Registered
/(.1948
Conv deli 4s
1911
P J tin & M Div 1st g 3 '•2819
Registered
j>1925
Southw Div 1st g3%8...1925
Registered
/il925
Monon Kiv 1st gu g 5s. .1919
Ceu Ulno R 1st cg4%s.. 1930
N
96% 97
/il99o Nov
/(1995 i\ov
Adjustment g 4s
Buffalo
Bullalo
102 % Sale
1996 A-O
Kegi8tered
&
Brie
.
J-J
g-j
& Pitts 1st
A;
ds
A-O
y-J
M-S
MM
g-F
J-J
g-j
May'01
94*<
89
89
9i
1939
Registered
r.<9.;
General gold 4 %»
Registered
1992
Craig Valley lstg 68
19 In
A Div 1st con g 4s. 1989
2d conaol g 4s
989
Warm Hpr Val 1st g 5s.. 1941
Kllz Bex & B S gu g 5s. 1 902
M-N
M-S
R&
115
'01
1183*
126
1^0
A-O
A-O
Apr '97
103
131
129
J'ne'01
130
130%
May'01
129
131
100
Nov'99
J-D
A-O
A-O
105
122
A-O
114
113% Dec '00
106%
Kile's
105% 105%
122% Sep '111
117
1
..
104% 108%
119% 127%
Nov'00
J-D
J-J
M-S
107%Salb 107%
107
ivl
100%
107%
105% 109
107 111
100 34 108
Aug'Ol
4WBUK4K
-See
Balti
<fe
*
90
91
Aug'Ol
91
95
Ohio
Ceu RR & B of Oa col g us 1937 M-N
102% 102% Sep '01
96 103%
Cent ot Ga RR 1st g 5s.. p 1945 F-A •116
120% Mar' 01
119 120%
Registered
^j194o F-A
Consol gold 5a
1945 M-N 106 107 100% 107% in 97% 108%
Registered
1945 M-N
105% Sep '01
105% 105%
1st prel income g 5s
yH945 Oct
73^ Sale 73 '«
81% 42 00
84^
2d prel income g 5s
pl946 Oct
28 Sale
30
28
28 20
36%
Oct
3d pref income g 5s
pl945
10%
16% 3! 8
21
Mac & JSorDivlst g 5s. 1940 J-J
95 Dec '99
Mid(ia& Atl Divos
102 J'ne'99
1947 J-J
Mobile Div 1st g 5s
106 Oct "00
1940 J-J 106
CeutofNJ 1st consol 7s. .1902 M-N 104
104 34 J'iy'01
104 34 108
General gold 03
198 J-J 130 131
180% 130%
127 137%
Registered
130 J'lv'01
A1987 g-j
127 137
Gr Rapids Ry 1st gos...al91i r-D
Bouis Ry Co 1st eon g68..193i r-j
Market St CRy lstg 6s. .191. j-j
Met
St Ry gen col tr g 5s. 199
Bway &> 7th Av 1st cg5s 194
Registered
*
No price
194
fit
-L
-L
105
Sale
105
110
105%
Jan '99
113%116
113% Aug'Ol
102
101
100% Sale
91
Mav'Oi
100% J 01
'01
Sep
90
95
Chic& PWlstgSs
I)ak& GtSog5s
Far& Souassu g 6s
Hast & DDivlst7s
101%
Sale
101%
1
120
121%
09
121-v L20
101%
in
Mar'98
120
.20% J'ly'01
.19% Dec 'Oil
a Due .Jan
Friday; latest bid and asked this week,
101% 101%
PM
1^2
100
102%
100>4 Sale
.
115% 119
.
107%
M
1921 j-j
•117
'OJ
'01
103
99
J-J
J-J
8
ly
103
104% 103
99
100
108
99
I&D
106%
41
Apr'Ol
Nov'00
103
Sep 'hi
101 i Apr'99
km; 4 100 '4
103%
4.
100%
107%
u
Aug'OJ
104% A pi on
101 Sep 'Hi
102
.
100% 100%
108% 112',
128 '4
115
135% 140
121
112
Aug'Ol
124
115
Sep
'01
113
117
80
May'O]
180
192%
72 %
inn
Apr 'On
Jan '01
'188% 190
111
1
1
82% Sep
1
113
"
'00
180
110% 110%
105% Feb '98
116% J'ly'01
119
116
119
116
118
105
105% Sep 01
108% 110
104% J'ly'ol
108% J'ly'01
107 Mar'00
1
.1
>
>4
108
114% 110%
113 117%
110% 12C
116 119%
118%
l
4
15 189%
104% 108
104% 108
108% lli;
109% 111
111
111
103
110
111
Nov'98
ii3%ii6%
J'ly'01
Oct '00
108% Aug'Ol
1<IT
:I
«
110
108
ill
...117
ib'9*" ii'd%
..
May'Ol
Aug'Ol
108
117
117%
Feb '9s
122%125%ll22
H23
Aug'Ol
May'01
no
110%
no
113
111
120
120% Nov'00
..
.
1
,
,
128% 130
127% 130
106% Sale
138%
138
if
122
123
Jan'ol
113
113
J'ue'ol
,111
111
110% 111%
137
141%
127%
143%
'01
107% Feb '01
1117%
107%
Apr'Ol
Sep '01
127% Sep '01
100
100%
100% Sep '01
113
113
125% Sep '01
143% Apr'Ol
Sep
113
128
148
131%
120% 182%
105% llo
105%
99% 99%
127 "a
15
97 Dec '00
lll%Aug'01
110% 112%
138% Sep '01
134% 142
134 140%
1139
1140
1180
127
J
117%
121%
99% Feb '01
86% Aug'OO
90
95
110
108
135%
123%
143%
188%
137
llii
105
'Ill
108%1 H"s
107%
11 i.s
110%
1110
110% Aug'Ol
125
4
117% 119
J'ly'01
Sep 'ol
140
140
:
110% 11(1%
185%
115%
117
122%
126%
Aug'Ol
113
121
118
116
Ul%110
J'ne'01
J'ly'ol
116
110%
119
116% 122
Apr'Ol
117%
194
111%115 s
110 114%
113
115%
187%
126%
100% 114%
111% Aug'Ol
115% Salt
114%
117% Sale
115%
118%
139%
'138%
141
I
137% Aug'Ol
122% 122 34 60 115 l'J7
115 Aug'OO
112% 125
1 19% Aug'Ol
110
110
105
102%
110
109%11'J'i
Sep '01
.i'ne'Ol
Sep '01
188
118
108
113
-
104% 107
111%
109% An^'iii
'he
OJ
100% J
122%
108%
132
;
101% 104%
114
J'ly'OJ
118%
112% Sep '01
J'ly'99
137%
120% Aug'Ol
110% May'01
117%
113
lOO-'b lo:»
100%10Vi%
101
102% 102%
115%Aug'ol
11";
94
83% 87%
84 ><
I
103
80
84 '4
121
103
103% 106%
103% J'ne'01
86
87 %
110
121
lun'i
Sep '01
Mar'01
Sep '01
140
129
1411
132
on Next I'age.
St Paul City Cab con g 5s. 193
1937
Guaranteed gold 5s
193.
Third Ave 1st gold 5s
2001
guar
con
4s
1st
Union El (Chic) 1st g 5s.. 1945
Chic St 40-yr 1st cur 5s. 192s
40-year consol gold 5s... 1930
W
106
1113
103% 106
J-J
1916 j-j
1924 jj
1910 j-j
1910 jj
1st 5s
Exten lst7s
1908 j-j
LaCrosse, & D 1st 5s.. ..1919 j-j
PointDivSs
1910 j-j
Mineral
1910 jj
So Minn Div 1st Os
1909 j-j
Southwest Div 1st Os
1921 j-j
Wis<fc Minn Div g 5a
MilA- No 1st M B OS. ...19111 J-D
1913 J-D
1st consul Os
Chic & N'west consol 7s. .1915 g-F
1902 J-D
Gold 7s
Registered
1 902 J-D
1886-1926 F-A
Extension 4s
Registered
1886-1920 F-A
1987 M-N
General gold 3%s
tegistered
©1987 g-F
Sinking fund Os... 1879-1929 A-O
Registered
1879-1929 A-O
Sinking fund 5s.. .1879-1929 A-O
Registered
1879-1929 A-O
1909 M-N
Debenture 5s
Registered
1909 M-N
1921 A-O
Debenture 5s
1921 A-O
Registered
1933 M-N
Sinking fund deb 5s
Registered
1933 M-N
Dcs Mode Minn 1st 7s.. 1907 F-A
Milw& Madison 1st 6s.. 1905 M-S
North Illinois 1st 5s.. ..1910 M-8
Ott C F & St Paul 1st 5s 1909 M-S
Winona & St Pet 2d 7s. 1 907 M-N
Mil B S & West 1st g 6s 1921 M-N
Ext& Imp sfund g.is 1929 F-A
Ashland Div 1st g 0S..1925 M-S
Mich Div lstg6s
1924 J-J
Convertible deb 5s
190 F-A
1911 M-N
Incomes
Chic Rock Isl <fc Pac 0S...1917 J-J
Registered
191 J-J
General gold 4s
1988 J-J
Registered
1 9S8 J-J
Des M & Ft D 1st 4s.... 1905 J-J
1905 J-J
lst2%8
1905 J-J
Extension 4s
Keok & Des Mist 58. ...1923 A-O
Sa
Fe
Chic & St B See Atch T &
Chic St L & N O See 111 Cent
Chic St B & Pitts See Penn Co
& Ocon 0s...l930 J-D
Chic St
ChSt P& Minn IstgOs 1918 M-N
Nor Wisconsin 1st 6s... 1930 J.J
St P<fc S City lstg 6s. ..1919 A-O
Street Railway
110% Met St Ry—(Continued)
Col& 9th Av 1st gu g os.1993
111 115
Bex Av <fc P F 1st gu g 5s 1993
100% 105% MetWS El(Chic) 1st g4s. 1938
98 103
Mil El Ry & B 30-yr g 58.1920
Minn St Ry 1st con g os.. 1919
88
95
J'ne'00
105%
J'ne'01
ill.
I
.
20 105
51
ibd
102
110
104
103
.Sah
MS
MS
no %.)
U9'3 121
100
11
MISCULI^ANEUUS BONDS— Continued
Street Railway
Brooklyn Rap Tr g 5s
1945 A-O
AtJ Av Bklyn imp g 5s.. 1934 J-J
BkCity 1st winds. 1910, 1941 J-J
BkgCo& Scongug5s.l941 M-N
Bklyn U11 El lstg 4-58.1960 F-A
Kings Co El lstg 4s
1941 F-A
Nassau Elec gu g 4s
1951 J-J
City & S Ry Bait lstg 5s. 192:. J-D
Den Con 'IT Co 1st g 5s. ..193;> V-O
Den Tram Co con g 6s. .1911 J-J
Met Ry Co 1st gug6s..l911 J-J
Del CiL otily 1st con g 5s. 190; r-j
110%
....
'OJ
120% 181% 121 % Sep
I
192: J-D
See Erie
g 6s.. .1921
.
I
n
88% 92
90% 91
1
Jiigh.
^112
Aug'Ol
114
....
l-;o
'
89% 37
118% 117% Sep
111
M
94% 97 34
95% 95%
1.1,10
riy'b'l
103% Sep
.
51
in
.No
I.
114%
'114%
.
90%J'ne'()l
111 May'00
111 J'ne'99
FA
M-S
Cen Branch U Plstg4s...l948 J-D
Cell Braucu Ry see jdo Bac
Central Ohio
108
1-
'-.
101 %....
IUJ.W-...
1
1
95%Mar'lil
191^4
K'l
99 105
101% Sep '01 :?! 101%104
104% Sale 104% lor.' 162 100%110
89 14 Sep '01
87% 91%
FA
Registered
CedRlab«teN
Aug'Ol
97 J4
May'01
95
4
Greenbrier Ry fstgugls '40 M-N
108%
Cluc<fe Alt RK » fund 68.. 1903 M N
87% 88
Refunding g 3s
1949 A-O
108 109%
MlssRiv B lstsf K 6s. .1912 A-O
si U Sale
Hail-way 1st lien 3%s...l95ol J- J
Registered
102 103%
1950 J-J
109 109
Chic Bur & Q eousol 78. ..1903 J-J \\)ih'.'....
Sinking
ml 5s
1901 A-O
125 126
Chic<ft Iowa Div 5s
1905 F-A
100% 109
Denver Div 4s
1922 F-A *100'4
Illinois Div3%8
1949 J-J 102%.
Iowa Div sink fund 5s.. 1919 A-O 112%.
105 105
Sinking fund 4s
1919 A-O 103%.
Nebraska Extension 48.1927 M-N Ill
135 130%
1927 M-N
Registered
Southwestern Div 4s
1921 M-S
95% 9934
North
Joint bonds Bet Great
94% 96
Debenture 5s
1913 M-N 109% 111
93% 96%
Han & St Jos consol 6s. .1911 M-S 118%
7% 10% Chic& E 111 1st s I cur 68.1907 J-D U2'4
1934 A-O 135
1st consul g 6s
General consol 1st 5s
1937 M-N 122 123'4
1937 M-N
Registered
Chic & Ind C Ry 1st 5S.1936 J-J 120%.
Erie
Erie
Chicago <fc
See
Chic 1 11 <fe Bouisv r ef 6s . 1 94' J-J 121%
194' J-J 110 113
Refunding gold 5s
Bouisv N A <fcCh 1st 68.1910 J-J
11
101
Milwaukee
Paul
Chic
St
95
<fe
135 101% 105%
& St Plst7s$gRD.1902 J-J
1902 J-J
lst7s £goldRD
102 104
"90 80% 99
1903 J-J
IstC & M7s
Chic Mil <fc St P eon 7s.. 1905 J-J
94
95
30 90
Terminal gold 5s
1914 J-J 112% 113
96 34
General g 4s series A..el989 J-J 110% Sale
Registered
el 989
General g 3%s series B.el989
108 108
Chick BSuDlvg5s....l921 j-j 117 ....
Chic & MoRiv Div 5s.. .1926 j-j 119 120
1910 j-j 11 5% 116%
Chic & Pac Div 6s
see Brie
Southwest
susyu 1st g 6s.. 1913
1913
Bur Cedar R & No 1st 5s. 1900
Coil 1st oj col trust g 6s.. 1934
Registered
1984
C R 1 F'<fc A' W lstguos.1921
M <& St B 1st gu g 7s 1927
1908
C'anada South lslos
'2d 6s
1913
Registered
1913
Carb <fc Shawn See 111 Cent
Carolina Cent See Sea b<fc Roan
Carthage <fc Ad See N Y C & H
Bullalo
BullHlo
IO0I4
103
97
96
95
95 Salt
93
101 34 Sale
P gen g 68.. .1987 M-S
Consul 1st g 0s
102%
07
J-J
M-8 116%.
J-D 106
Debenture Us
1947 J-J
All & West 1st g 4s gU..1998 A-O
CI <fc Mah 1st gu g os
1943 J-J
Koeli
9G
97
1
I
11
January
t.
.T
A ohio g 8s sex A..A1908 A-O
GoldOs
A-O
nl'.ll
1st consol g r.s
1939 M-N
.
i
<
Ask Low
Hi
l;nngt
*tnce
nr
si
PMlnoCo
g 7s
1
I'lHTian t.ov
J. 11
-I
.1
Cites
108 109
112 112*4
111",
M'J'i
112 3, Sah
138^139^ 137 Aug'01
139 ShIi
l.l'.i'u
189%
107 Hi 108»-j 110 Mtt^'01
107^ 108%
J!
Dock & imp gn 6s. 1921 J J
& Ilnd K gen gag 5s 1920 J
Beh A Wilks Coal 5S..1912 M-N
on c\l guar %S. .(/1910 g-M
N Y <t Bong Bt gen g Is 1941 M-S
(
107'
llrl.
Be
Hanat
riday
1
Kndini, OOT. 4
WF.liK
Week's
ITice
STOCK KXCIIANGE
MS
121%
122
.
121% Sep
Sep
121
101%
1 1
1
%
.
123%
J-J
A-O
Vl-N
M-N
103
106
110
Sale
123
103
121
101% 22
98
123%
103%
'99
Oct
Apr'Ol
111% Jan
Ill
121% 126
'01
'01
110
Aug'Ol
103
110
111% 112%
'01
123
10 102
125'
105
109% Dec '99
"99"' Dec'97
Gas and Electric Light
17% 122'- Atlanta G L Co lstg 5s. ..1947 J-l
118% 122% iSos U Gas tr ctfs s f g 5s. 193. J-..
91% Oct '98
jklyn U Gas 1st con g 5s. 194: A-l
17% 117%
U7%119
d Due Apr e Due May ^Duej'ne A Due J'ly fc Due Aug p Due Nov
1
s
15 119%.
option sale
October
5,
Bond KeCOrd— Continued— Page 2
1901.
BONDS
STOCK
K. y.
M'li
I
.
~
.
lTiee
Chi. a We»l
Qi
i
elm
i
.
.
i
A
Cil H
C
si
1
oon sol
it
105
a
c
1,,'.
-
.
OH SAC SeeCCC
Cle.ll
(ii
a
hi
;
iv
i
cm w
i
i
i
.hi.,
i
M
A
!
.,.
a
•
is
ueralg
.
gold
imv
a
1st oil
k-i.iI
\V
Id.
II
N
',
1993
1989
1901
j 4*.
..
10
;
117
Si
1
13
1
1
lot
ii
'00
KU
j
J'ly'Ol
1
113
.
17
Mil
gg
102
103
H'l
02
1
U
May'99
.I'm
115
100
Mil)
....
135
&
ruts
1
'01
5
1
t
See
M KA
I
Pa Div 78.1917
Registered
191
7
gU 78.1906
Registered
1906
Guar
\o
*
793«
80
ss'.i
Sale
80
82
87
M-S
117»4
136
138
vo
J-D
J-D
136>a
108
794
4 5>a
12941304
79 's 26
Sep '(II
88
181
s2
'-j
874
78
77
83
87 "U,
89 w
j-j
133
110
10141044
i::si..s,-p
mi
A-.
A-<
113'4
110
115
111
1083.J ....
J-D
J-D
Gold 4s
1995 J-D
Dui A- iron Range 1st 5s.. 1937 A-O
Registered
193 A-O
Ten Va
Elgin Jul
A
&
looia.
M
See St P
A; M
Ga See So Ry
LS
113
91
Sep '01
111
Feb'Ol
91
110
1
1
1
19
1947
1919
1923
1920
1928
1st consul gold 7s
1920
1st eonsol g turn! 7s
1920
Erie 1st con g 4s prior.. 1990
Registered
1990
1st consul geu lien g 4s.. 1990
Registered
1990
Peuu cull tr g 48
1951
BuflN
Erie 1st 7s. .1910
Bufl&SW goldOs
1908
Clue As Erie 1st gold os.. 1982
V&
11
-'
150»4
i:.:;
151
161
100
104
ins
in
17 107
J
"a
:
-j
4
Kl
90
02
108*i 111
102
J'lv'oi
102
Sep
Sep
'(11
85
'01
110
110
112
115
91 34
J-J
J-J
J-J
J-J
F-A
J-D
J-J
m-n
RR Istgug5s....al909 A-O
consul g 08..1930 A-O
Coal A; RB 1st cur gu Os. 19S M-N
Loup Dock
Dock A Imp 1st enr 6a.. 1913
N Y A Green 1. gu g 08.1946
Mid Bitot X J 1st gOs. 1910
1st ret os. 193
K Y Sus Ac
W
Et&TH
121
M-N
A-O
*1 17^-2
ttar'Ol
107 J'ly'Ol
13L>'4l39 J4 139>4Sep'l>J
135^4 May'01
97^ Sale 97'98
87
99
S7
Sale
92 K92'«
130 -jApr'Ol
122 Hi.
03
134 H.
Ill
107
1
954 1014
Aug'01
88
92 >2 93
133Hsl3U'
99
99
82 4 91
924 90 4
13041304
l
1
.
224 Sep
'(H
107
,
137"-2Aiig 01
116
128
105
137
108
140
.
1
115
113
.
1184121
Aug'01
Oct '98
Mav'Ol
119
18'..
109
119
119
J-J
11-51.
119
91
107 \ 100
Feb '01
Sep 'Hi
108>-2ll0
g 68. .1933 F-A
1st consul Os... 1921 J-J
123
lstgeueral gold 5s
1942 A
105
Mt Vernon 1st gold Us. . 1923 A-O
Sull Co Branch 1st g 58.1930 A-O
Evite I ml 1st cou gu gOs.. 192t>| J-Jj
...
106 >v
110
Sep
05
123
109
N..v".l7
1
119
94
iiui
1074
128
107
J'ly'Ol
Aug'01
Con Gas Co
See P
G
Det Gas Co cou
1st
g
5s ...
1
923
1
91s
11
1
El
LacGas
J
117
120
Jan
98
J
J
3
1114.
102 4.
102 4
1184.
123
99
Aug'01
97'
29
1
94
92
11184 Mar'01
07
\pi 01
107"-i Dec '00
185'
F-A
A-O
90
108
Hut Fuel Gas Co See Peop Gas
* No price Friday; latest bid and asked
67
1
90
week,
90
.11
1084
1084
this
•|.|
'1
...
a
Due Jan
07
c(
Dae Apr
100
102
100
11)2
'DO
H3
113
s
8
90
91
101 '4 102 4
Aug'01
'99
Noy'00
sep'0l
11241154
May'01
124
124
X.iv'lis
dl
Sep '01
120"
YiW'-i.
I-'
124
90
MS
127
124
127
'99'
.106
ccc&stD
'-..Sep
1014
101 H
100
100
1234124
10
01
101
'i
100
107
4
105
107
1
'4
4Xov'00
Sep
'01
Sale
78
1174
lie
994
99"«
9.-,120
126
100
1004
SO Aug'OJ
1254
100
1
174 Sep
128
103
80
124
96
65
1154H8
'01
A-O
70
69
*
03
'.,
45
69
6634
Oct
G6 S4
724
1.3*4
124 '..
119 4
'dl'
N
Knuxville & Ohio See So Ry
Iake Erie A; 1st g 5s. .1937
-* 2d gold 5s
1911
North Ohio 1st gu g 5s. 1945
.
Sno A- Mich s See N Y lent
Lehigh Val (Pa) coll g 58.1997
Registered 5s
1997
Leh Val N Yr 1st gu g44s.l94(l
122
122
Sale
122
IIS
Sep
109
112
111)
J'ly'Ol
110
1104
1
s
1
4
1
i
egistered
V Ter Ry
1 !)4(
gu g
5s. 19 11
lsl
gu g
5s.
&NY
1 1
1933
1933
g 6s.. 191
1st
lstos
1
1911
N Y B & M B 1 st con g 5s 1935
N Y& R B 1st gos
192
NorShB 1st con ggu5aol93
Nash
10841114
109 4111
112 J'ly'Ol)
109 4 Oct '99
- - -
109
'.'.'.
11934
103
10041024
105
95"i0O*
98
97
117
IDS 4
108
Ill
'99
J'ly'Ol
121
100
Sep
'01
100
105
J'ne'01
Oct 'Od
102
97 4 Sep '01
95 Feu'O]
97
95
10(1
119
1194
ill
.
112 4
994 Sale
1st g i',s....uu'.'
cnusul gold 5s.
A;
lsl
Pg
a:
1995
113
96
115
Deo '00
1194
112
111
45 99
Sep'01
102
Si p
994
120*8
(
1144
104 4
11041144
dl
99
102
...118
110
""||i30 "
i304
38
102
D
106
116
103
130
J'ly'Ol
111
114
Apr '01
Jan'OS
105
119
los
E
g 5s.
1
Gas<fc C 1st gu g Os.. 1904
guar gold Os
1904
oon (told Os
19 13
Bel (Hiding gold 5s
194 7
I'liO-LA-l'kc 1st gngSS 1937
Con Q i'u. d ch 1st g-u g5s :;o
A
Fl'li 1st
124
106
4J
...
10
•
'4
1094
21
121*4
102
4 104 4
1024 104 4
J'n. 'ol
Due Oct
120
102
102
109
110
104 4
106
109
llf*
1
J
109
Feb '01
105-1
1074 iun voi
u
120
1
108
102
100
1
Due Aug
'g
Si p '0
1084.
gu g6s. 1905
fc
•02
1024 J'ne'01
1st
Due Muy ADueJ'ly
"-.
i07*"
gu g5s. 194"
TicntunGA Kl 1st g 58.. 1949
nca K La- P 1st s g 5a 1950
Western Gas Coooltrg 5s 1933
Gas
1
949
st
Mil H'ucl
'.'S
105
106
\pr'0l
103
C0Hg5sl930
U84H6
96
I'cu
1
101
95
and Electric Light
Purchase money g 4a.. .1949
Kd Kl [il 1st cuiiv g 5s.. 1910
1st
105
105
-
113
id
'4
Jan 99
Max'Od
107
105
113
lOl^i Sale
123
1094110
lO'.l'-.J'll.'Ol
1134
109
109
J'ne'01
121
...
...
Lex gold 4 48... 1931
A;
11041104
Aug'01
Mar'01
110
111
,1024 101 4 Sep
1
e
1154
1104-May'Ol
964J'ne'0l
Registered
19 Hi
Coll trust gold 5s
1981
Coll trust 5-20 s 4s. 19031 9 8
Ceoilian Branch 7s
1907
<fe
4
i07"
1st guar g4s..l945
Registered
1945
El C & N 1st g 1st pf 68.1914
Gold guar 5s
1914
Leh & Hud R See Cent of N J
Leh A Wilkesu See Cent of N J
Leroy & Caney Val See Mo P
Lung Dock See Erie
Lung Island 1st con g5s./il931
1st consol gold 4s
/<1931
General gold 4s
193s
Ferry gold 4 4s
1922
Gold 48
1932
Unified gold 4s
1949
Debenture gold 5s
1934
E H
4
194]
Registered
Leh
1
1st
Registered
Leh V Coal Co
1
1
...117
110
'01
l
Leh
102
185
110
lot
-
1024 26 1004103
W1.1
loo
J
R&B
N'Y&QKl LA-P
4" 120
107
904 Apr "01
!'
1921
Iowa Central 1st gold 5s. .193s
Jefferson RR See Erie
A A.- G R Si;- 1. S A M S
Kal
an A Mich See Tol A o C
K CAjM
1st gug 58.1929
Kan C & Pacilic See M K A: T
Kan City Sou 1st gold 3s.. 1950
Registered
1950
Kansas Mid See St L & s F
Kentucky Cent See D &
Ki-ok Ai Des Mo .See C R I As P
Eq G
120'i.ln. HI
Sale
....
4116 4
104
May'99
101
lol
gold 4s
:u\
108
loo
1184118
07
115
1102
102
\l
M
2(1
00
1)
1997 A
J'lv'oi
ep'01
I
Pateraon
121
Bkn
'
106
A O
O
11
4A
*106»4 106H, 100
102 Sale 102
107
,sv.
Hi
in '98
1
1st cou g 4s 1989 J J
Lof St L 1st g6s.el919 Q.-F
Purchase money Os
Ed
J-D
A
A
105
gu g
1034
ioi«i
lsl
tiai*
1
Berg Co eg 5a. 1949
Gen Elec Co deb g 5s
1922
Gr Rap G L Co 1st g 5s. .. 1915
K C Mo lias Co 1st g 5a... 1922
Kings Co El L& Pg 5s... 1937
Gas<fc Elec
M
M
Newark ConsGaa con g 5a 948
X V G E L H As P g 5.S...194S
98
Ed El 1 Bkn See K Co K A
Ed E 111 See N Y G & E L H A 1
Eq G LN Y 1st con g 5s.. 1932 M-S
Eq G & Fuel .See P G A C Co
J
1961
1951
1951
let
41)
Aug
104
102
X O& M 1st gold Os.... 193d
114
114 Aug'01
108
IUISCELLAN KOUS BONDS—Continued on .Next I iige.
& C Co
Detroit City Gas g 5s
102
nil
1
101
.
14 Apr '01
134 Mar'00
Dec A; \V 1st g 5s
1935
guar gold 5s
1935
ml 111 A: la 1st g -Is
1950
mt A; Great Nor 1st g6s.. 1919
1909
2d gold 5s
Son
LCiu
PG&
105
102
126
111
lias uiid Electric l.iyin
(.'('..
See
Columbus Gas 1st g 5s
1932 J-J
ChGL&CCo
Id*
1
J
11541154 Louisv & Nashv gen g 68.1930
Gold 5s
1:137
Unified gold 4s
10741114
1940
'01
107
103
I8"to
111
94
107
4s. ...1931
1.
97
11.
J
1st Os
1923 J
1st g 4s... 1932
58. ..1951
BklynAb Mont
1154
llo'-jJ'nc'Ol
Penn Co
1st
1184 119
12078 121
lis
111
1233,1 124
107 107
143 4
1 39
1354 135 4
120"gA)tr'OI
HI J'ly'Ol
J-J
2d gold 4 4s
193 FA
General gold 5s
1940 K-A
Terminal 1st gold 5a... 194 M-N
Regis $5,000 each... 1913 M-N
WilkA; Ka l8tjTU.g58.1942 J D
Bee
118V.T.1]] '01
113
J
W
11241124
'.'.'.'.'..
ib'3"
1951
imi Bl<feWesl
112
112>i2Apr'0]
MS
MS
MS
IO6A4 107
Registered
Mcinpli Div 1st g4s...l951
Begiatered
1951
st
11041114
9C4
904 Sale
J
192] ]•
1951 J
1951 J
1951 .!
1 951
.1
Gold 3 4s
"s
Feb '98
92'.(
M-N
J-D
M-S
J
l'aii'n
Registered
1
Jen
Pitts
.so
Si
I.
A-O
v\
L&NOg
line. St
150
117
110
113K; May'Ol
113
Kast 1st g 5s. 1941 M-N
Erie 1st ext gold 4s
2d est gold 5a
3d ext gold 44s
4th ext gold os
6th ext gold 4s
8
1.
is 1921
Registered
U7'8 117'e
5 4 147
J'ne'01
1
1
1
102
98
9u
92
112Ja
Ehz Lex A; B San .See C & O
Elm Cort &Xo See Leh A- X X
Eureka Springs
I'.'H
Bellev&Car
Oarh* Shaw
19'..
I
102^
1
92
Id
1
1916 J-J
Dul Red W & S Istg5s...l928 J-J
Dul So shore* Atl g 6a.. 1931 J-J
M iuu
n
Ry
Tex
si A:
1044 1044
1,
122 J'ne'99
HO'-j 11U'
112 j'ne'01
152>4 J'lv'ii)
151 Jan '01
i
I
(
Registered
Spring Div 1st g34s...l951
Western Dines 1st g 4s.. 1951
1234
1334 1364
147'-.Mav'lll
149 Aog'01
110 J'ne'O]
m-s
J
Jo
St
1.
1404
•(!]
Sep 'in
117 78 Hay'01
MS
'-_•
Oct 'OS
120>1 id." ..nV'iu
145
M-N
I20-1,
i:i:i'..-.riv'iM
's
M-X
i
lOl^May'Ol
Ml)
J-D
ol
Bee St
(Tin
'l
g 4a.. 1951
1951
Registered
1st gold 34s
Registered
1951
1st gold 8s sterling
1961
Registered
1961
1952
Coll Trust gold 48
1952
Beglatered
Tex
gold
48....
1 953
LN O&
1953
Re glatered
1950
Cairo Bridge gold 4a
Louisville Div gold 3 48-19.".:.
1953
Registered
'•
130
Improvement gold 5a... 1928
Rio Gr so gu see Rio Gr So
Deu A s Wist gen s t g "in 1929
Des Moi <fc Ft D See c K A 1 P
Des M Ai Minn See Ch A N \V
Des Mm I'n Ry 1st g 5s.. 1917
Det M Ai Tot See L S Ac M so
Del A .Mack 1st lieu g 48.1995
&
100
95
1
12034 Apr '01
Sep 'ill
138
101 34 102*4 102
2d os
PI
Registered
M-N
i'-a
99 4
.
Midland Divreg5s
St Louis Div gold 3s
J-J
j-J
Erie
1
Sep '00
79>-.
A-0
a
M-N
m-\
ast
1884
188
128 k 129'jMay'Ol
1251-..
gold 6s
1906
Registered
1906
Reus A; Saratoga 1st 7s. 1921
Registered
1921
Del Riv RR Bridge See Pa RB
Denv A.- R Grist eon g 4a. 1936
Consol gol(!44s
1930
East
75'-
71
111
S;,l,.
A-O
warrenlsl refgug34a.2o00 F-A
Alb<te Siis 1st cou
g
.
Gold34s
W
1st
,s,
1
01945
gu
Nor—C.BAQooll
I
Del Lack A; Western 7s.. .1907
Morris At Esses 1st 7s... 1914
7s
1871-1901
1st consul guar 7s
1!U5
Registered
1915
K V Lack<&
let 6s... 1921
motion 5s
1923
Term & improve 4s
1923
Syr Ring A. X V 1st 78..1906
Del& Hud
si
1
103
:
106
Bet ihes & o
A;
Bee C B A U
ousatonio See x i x 11 a ii
lluck Val 1 si consul g 4 4s 1999
Registered
1999
Cpl A H V 1st ext g 4a.. 1948
s.r So i'ac
lluiist E Ai \V Tex
CM
Waco
t
102
1
.-
Illinuis Central 1st
72
g 3-4*.. ..1947
1st gold 4s
1947
Colorado A Son 1st g is... 1929
Coluiu A Greenv Bee So By
Col A: Hock Val See ll.i.
Col Conn >k Term See X a w
Coun a- Paa Riva 1st g 4s. 1943 a-o
a. lit So
See
<fc st P
.N.i
ireenbrler
Penn Co
.see
Si
1st pi
5S.
•
11 .11
99
41
804
1882
ol
I'acilic.
Han
"a
138
180
J'ly'Ol
98*a
88
;
5s
1929
^u Ky
.ila Vil.l Xur
So I'ac Co
til
Cent
Goal a Oswegat See N
ml s.. Penn Co
1. rami Hap A
A
1
1
ioiwi
\ |M
.Mi.llainl 1st
Dak
atlas
133
.
lof>
I
HIO
lot
14*4 Al.L'lll
1
s
103
I
)
Ry
lsl culls. il
a
'in
181 "a ISIHiJ'1]
211
J
100
"i
111
104 "a Sep
i05»aIII"
W
Col
BloGr
Har A s A
11 .t 11
i
:
Lsl
1st 8
a-
Mov'99
BS
mu
M
(
I
I.
11
Dill
1
I
(,'le\ A .Manilla
.Sir Ti nn BB
Clev & Malum Val g 6a.. .1938
Registered
1938
a
(.1
i
[:> u
Income is
CH Lor A Wb con 1st g6s L933
I'.
U DCo
A
<al
«
lo:.',
99
'01
i'l\
10(1
.1
1
llM
1
.i.iir.H
99
MS
i
105
1
M
'!•
1
i/«
;
1943
W
w
It
11
115
nr 01
103
r>
land ET 8X1 gold
Kort St
'lid
r.
ii'
A
11
1
.V<
.
'
'in:
(
in.
1
Oct
103
99
99 <s
.i
g 4s.. 1990 m n
1990 M-N
i
(
Isl
n,
X
1
<Jlev
la
1-
\ la
j
j
A
>
A BO
1
A
Iiui
/
,i
1
ma
"a r t'i
I
v
<fc
00*
118
I
Jan
\S
Cm
.1
ll-'-'i
Col Div Lai g4a.. L940
Val Div 1st g la.. .1940 J.J
C I St I. a i' consul 0s..l92('M N
1st gold -Is
K1936
Ri "isi, •,,-,(
k 1936 q !
s a II oon 1 st g 58.. 928 j
oniiaol7a
C
191
j n
Consul sink u ml 7s
1914 j-d
General oouaol gold 6s. l98 J J
Registered
1934 j.r
Iiui Bl <S \v 1st pret 4s 1940 A-O
I ml A.
lsl pf 5a...tfl938 Q-J
p.o a Bast 1st oon is... 19 in a
Spr
»..
Kill
R 4 P
1
1
.
1184
A-0
M
1
l
is..
is
1st
Dn
1.
si
see
.ill
Lai
\i
193'
19 11
st l.
a ry
H'e«**f
\'
1
High
tlT
1
.i
Ii
gold 14s
•id
Sale
9.1
lute Fg6s..l919 m n
....01932 o M
D
Bj 5e.. 1921
oi9]
..
STOCK
WEEK
X. Y.
..r
Ask
Bid
i
Range
Oct. 4
ins g Is. ..1947 J-
CUii
BONDH
i.'s
11
Jruluu
v.
4
M T.
i
.
\
711
aD^eDeo
'i 07 4 107 4
Option sale
.'.'.'.
«
Bond Eecord—Continued—Pago 8
712
BONDS
V.
I
1
HVeft
KM
STOCK
N. V.
\nok
ll
I.MMSi. OCT
K
d,l.
I
LouIhv a N.imIiv ( Continued j
J.J
N <) A M 2d Bold 6a...
Penaacola i>iv g..i.i 8a... L920 M-s
L921
I. Div 1st gold Sa
St
lose
2d gold 8«
Kentucky Oenl gold
r.A s a Si <S \i Lsl g
MS
MS
MS
a
1
.
I
•i.l.i
6a
LA Jen" BdgeCogu aais.
LNAftdi 8wC
Mahon Goal 8«« L
8
anhattan Rj oonaol
Regiatered
,^
M
La. 199()
Motropol K) 1st g 6a.... L908
s \V Oolonll g 5a
L984
McK'pl <* U V 0m N V (rut
Metropolitan I'.l 8u Man Ky
Mex Cent oonaol gold 4a.. 1911
lat oonaol Inoome g 3a. a 939
2d oonaol incline 8a. .a L939
1
'_'
2d Berlea gold
Hex
Mex
102
J -J
1
9
73
1
b
1
1 1
>2
in, ,. ni,
Jiiik;
NJ
78"s
L02
1
1
L16
KM
102
Sale
lo.V
110
L
1
N va
7
115*2
15
11
J
fly
191
M.v
8
80*8 Sale
21
20
1
80*2
30
281
26
3SV,
38
13
27
'a
80
•
20 b
20*4
:i
"s
r.s
MS
J-I)
,
i
N
W
.MS
AllL'
J-D
90 fa .J-lv'oi
103*8 Apr '00
85 J'ly'01
26 J'ly'01
105 May'00
86
28
103
82*4
91*8
85
23
86
M
W
M
J -I)
J-l)
A-O
South West Ex lstg 78.1910 J-D
M-N
gold5s
1934
latconsol
1st and refund gold 4s. .1949 MS
Minn <fe St L gu See B C 11 A N
MAPlstosstpd-lsint gu L986 J-J
Alstg4int gu 1920 J-
MSSMA
MStP&SSMcong4intgu'38 J-J
Minn Un .See St P M AM
Mo Kan A Tex 1st g 4s. ..1990 J-D
F-A
1944 M-N
2d gold 4s
j/1990
l8textgol(l 6a
Boonev Bdg Co gu g 78.190G
Dal A Wa 1st gu g 5s... 1940
M K A Tof T 1st gu g5s.l942
Sher Sh A So 1st gu g 5s. 1943
Kan C A Pac 1st g 4s. ..1990
Tebo & Neosho 1st 7s.. .1903
1942
Mo K A E lat gu g 5s
A-O
MS
1920
1920
Registered
Cent Br Ry lat gu g 4s. 1919
LeroyAC VALlstgSa 192G
Pac R of Mo latex g 4a. 1938
2d extended gold 5s... 1938
Sgen Con g 5al 931
St L Ir
Gen con atamp gtd g 5s 1 93
Unified A ref gold 4a.. 1929
1929
Regiatered
1st g 58.1926
Verdi V I &
Miss Riv Bridge See Chic & Alt
Mob A Birm prior lien g 5s 1945
1945
Mortgage gold 4s
Mob Jack & K C 1st g 58.1946
Mob A Ohio new gold 6a.. 1927
M&
W
119 34
119
128
119
120
103
95
122
J'ne'01
123*sApr'l)l
122*2 Feb'ol
120=a 120 s
Sale
103
100
103*2Apr'01
98 Apr '01
98*4
82
98
98
Sale
80*2 81
81
102b Sep
102 *2
'01
123*2 123*2
122*2 122*2
116>2l2058
97 105
102
98
96*4
75
97
103*2
98
9978
87
106
lOOas Nov'99
93
90*2J'ly'01
100
108
99*4 10578
87*2 91
110
113*2115
124
104
111 Sep '01
114 J'ne'01
123 34 124
104
104*2
107 111
114 117
119*2125*2
100*2 109*2
90
F-A 106
F-A
F-A
90
J-J
F-A 105
J-J
A-O
A-O
J-J
J-J
Sep
98
106*4
103 b
'01
106*4
J'ly'01
ib'6"
Sale
90*2
90*2
92*2
Ill
116
Sep "'01
100
105
115
114
May'01
Auk'01
J'ne'01
118
116*2 J'ne'01
91
91
92
92
M-S
J-J
J-J
J-D
J-D
1st extension gold68../tl927 Q-J
1938 M-S
General gold 4s
J P Morgan & Co ctfs
MontgomDiv 1st g 5s. .1947 F-A
1931 J-J
Cairo gu g 4s
St
108
85
129
98
96
b Sep '01
Aug'01
93*2 Sep '01
94 Sep '01
113*2 119
113 Sep '01
101*2Apr'01
A-O
TAP
New H A D See N Y N H A H
NJJuncRR See NY Cent
New A Cin Bdge See Pen n Co
N O & N E prior lien g 6s pi 91 A-O
N Y Bkln A Man Bch See L I
NY Cent & H R 1st 78.. .1903 J-J
Registered
1903
Gold mortgage 3 *2S
1997
Registered
1997
Debenture 5s of.. .1884-1904
Registered
1884-1904
Registdeb 5s of.. .1889-1904
Debenture g 4s.. ..1890-1905
Registered
1890-1905
1905
Debt certs ext g4a
Registered
1905
Lake Shore coll g 3 *2S. . . 1 998
Registered
1998
Mich Cent coll g3*2S.... 1998
Registered
1998
Beech Creek 1st gng4s. 1936
Registered
1936
193(5
2d gu gold 5s
Cart A Ad 1st gu g4s...l981
Clearfield Bitnm Coal Corp
latsf intgug4aser A 1940
127
J-J
J-J
J-J
120
111
10534
106 Sop -01
1 OS *2 sep'o;
109*2 May'01
101 Sep '01
.
.
.105
105*4 May'01
109*2 Sep '97
103* a Apr'01
'.
MN
i'02
103
96
Sale
94*2 96
102*4 Jan '01
101 Aug'01
102*4 Aug'99
96*
86*4
94
95=8
95*2
95*4
96
111
106
J-J
95
Mar'01
Alar'Ol
Tel Co See Westn Un
Y A N J Tel gen g 5s.. 1920
Westn
Teleg See West Un
No
West Union col tr cur 58.1938
Fd and real est g 4*28... 1 or.(
Mut Un Tel s fund 6s. ..1911
Northwestern Tel 7s
1904
N
1
M-N
No price
...
146*t.l46*»
1
'i
1:1
Sep
102^106*8
101 v LOS 1*
'01
S.|.'II1
.;
19
e*l
Aug'01
127*2Nov'00
110 Mar'01
106*2 Nov'OO
131
J
J
127
131*8
110
110
121
122>a
1
129
iVfi'gMaV'OO
122*3 MajTOi
128 8
113 Apr'99
117*2.
127
109*2.
.
*110
106
1 1
.
Oct '00
106*2 108'
105 Sep '01
.
•105*2.
102
Feb '01
203 Sep -01
200
200
134 s8 J'ly'01
.
133*2!
1941
1931
extg6s..l!):u
W
....
71*4 Sale
70
72*2
*128
110
103
101*2Nov'98
19 102
103
'00
110*4112*3
132 136
12'.l*2 133*3
131 134
MaVOl
Aug'01
100*4
103*4
97*% J'ly'00
107*2j']y'01
102
102*2
104
104
105
104
71
i'i
.
.
.
107*2 107*3
99 103*3
109 103
106
99*4 102
Sep
128
'01
131*3
J'ly'99
122*2122*3
111*2117
102 106
122*2 Feb '01
100
88
116
99*2104
103*2 105 T8
71*4
72*2 120 69*3 7378
'01
72*8
70
70 Sep
132
:
102
203*3
108
130*2 128
109*2.
102
196
'01
Jan
Sep
99*4 J'ly'01
gen g 6s. ...1923
107
200
136
134
Sale
109*t
105
1
129*2 Sep '01
Sale
107
100
104
10 106
195
-. 134
114
108
108
'25*2
11276 Sep'01
106 J'ly'01
88 34 Mav'00
116 Sep" '01
il5*8il9"
M
N Y Cent
See
See C
RR
112*3
112*2J'ne'01
95 Dec'00
112
109
109
108
111
101*4 107
105
101
102
105
110
102
A
A
NYC
NW
J-D
1st s fund g4*2S.. 1917 A-
Penn Co gu lstg
4*28
Registered
M
113 .
110*2.
1921 J
1921 J
M
A
A
120
'42 J
120
Series B
1942 A
Series C 3*2S
1948 M
Series D3*2S
1950
3
Pitts
Erie A
gug *2S B. 1940 J
1940 J
Series C
NACBdgegengug4*2Sl945 J
P C C A St L con gu g4*2S
1940 A
Series A
Series B guar
1942 A
119
Guar
3*28 coll trust reg.1937
1st con g 5s. 1932
CStLAP
Registered
CI
102*4 104 78
102*4 102*4
101 103*8
1932
A Rgen gu g 4 *2S ser A
.
123
109
Aug'01
Dec'00
U2*a 113
110*2 J'lVOI
102 JSov'98
112 115*4
110*2114*3
121*4
121*4126*8
121*4
121
Oct '00
102
Nov'OO
114
114
J'ly'01
I'"
99
97*2
97»a
07
112*8
J'ly'98.
D
E
112
114
•114
1942 M
1945 |M
Sene8C guar
Series
Series
Pitta Ft
2d 7s
3d 7s
100*2 102
100*2 Oct '00
109 Oct '99
113*4 Sale
J-J
M-N
M-N
108
109
113*4
113*4
113U117
111*8
11H
111
108
111
Sep
'01
J'ne'01
J-J
4s guar
3'o guar g
104!'
G 1st 7s... 191
WA
133
134
1912
7(1912
i'2'9"
Sep
114
113
'01
ii6kai6*3
116*2 Feb'01
106*4 J'lv '01
97 May'01
132*2 Sep '01
13 6*4 Apr '01
130
Apr'01
106*4
Feb '01
113
117*4
106*4 106*4
99»4
97
132*2136*3
135 130*4
128*4 136*8
on Next Pn.se
Col Fuel Co gen gold 6s... 1919 M-N
Col F A I Co gen s f g 5s. .1943 F-A
De Bardel C A I See T C A I
Gr Riv Coal& C Istg6s..l919 A-O
Jen <fc Clear C & I lstg 5s. 1026 J-D
2.1 gold 5s
1926 J-D
Pleas \T al Coal 1st g s f 5s. 1 928 3 -J
Roch&PitC& tpurm 58.1946
11578 Sun Ck Coal 1st g s 6a.. .1912
105*2109
Teun Coal T Div 1st g6s.al917
111 116
Birm Div 1st consol 6s. .1917
Cah C M Co 1st gu g 68.1922
De BarC A I Co gu g 6s. 1910
PC Co lstg 5s. 1919
Wh
f
LE&
AR
Clearf Bit Coal See
YCA H
Col
I ext 1st con g 6s. 1902 F-A
Col C
1 Dev Co gu g 5s 1 009 J-J
*
118
129
C C A St I
hio River
1st g 5s.l93f
193'.
General gold 5s
Ore A Cal See So Pac Co
Nav See Un Pac
Ore Ry
Nav See Un Pac
Ore RR
Ore Short Line See Un Pac
Oswego & Rome See
O C F St P See C &
106*2
10634
Mut Un
.
10178
132
J'ne'98
lOOK.Mav'01
AT
&
104
101*4
112*4 J'ly'01
&
28
Coal and Iron
J-J
Comm Cable Co 1st g 4s. .2397 Q-J
Registered
2397 Q-J
Erie T A Tcoltr gs f 5s. .1926 J-J
MetT
1st sf g5s
1918 M-N
N
126
104 's
133
131
131
101
Improvem't
117*8
117
i
3'2
112*4
Telegraph and Telephone
Am Telep A Tel coll tr 4s 1929
C&
1
Nor A South lstg 5s
Xorf& West gen g 6s
109*2109*1;
95
94
93*8
96
111
146*8 Apr '01
140
N Y A Put See N Y C A H
N Y A R B See Long Island
N Y S A W See Erie
N Y Tex & M See So Pac Co
107*-.! 11()34
101
105
17'„ May'01
102*8
Sink fund subsidy g 6s.. 1910
104* 2 108
106 107\
1
102*2 Sale
Panama
105*4
'.,
1
I6«a
10*4
110
111
26 108"3l 11'4
1
I
Coast Co lstg 5s.... 1946
Pac
ac of Missouri See Mo Pac
1053a
'in
'
YO
&
105
109
108*a \
109*4 Sep
116*3
;110'-,
128" J'neMii
Registered certihc's..l923
St Paul ADul 1st 5s. ...1931
2d 5s
1917
1st consol gold 4s
96
1968
116*4
Wash Cent 1st g4s
1948
101*2 Nor Pac Ter Co 1st g 6s. .1933
Nor Ry Cal See So Pac
Nor Wis See St P
&O
Dec'99
'01
1
117'.,
127*2 132
121 130
87*2 96 7s
126*2 130
111 116
1,111
118
Sep
203
MISCELLANEOUS BONDS—Continued
Coal and Iron
Cah Coal Min See T C I
1940
1040
113
110*3 Mar'00
C B A Q coll tr 4s See Gt Nor
St Paul-Dul Div g 4s. ...1996
Registered
1996
113*2.
M-S
M-S
M-S
J-D
J-D
M-N
F-A
F-A
F-A
F-A
J-J
J-J
J-J
J-D
.
126 '2 Sep '01
112
112
113 Dec'99
-.
110
WW
94
110
100
Feb '00
Convert deli certs $1,000
Small certs $100
Houaatonic R con g 5a. .1937
N H & Derby con g 5s. .191
N Y & N E 1st 7a
1905
1st 6s
1905
N Y A North See N Y C A H
N
AAV ref lstg 4s..ffl992
Regis $5,000 only
#1992
StP&NP
29
125
1
1
L09>4
108"4
N Y A Greenw Lake See Erie
NYAHar SeeNYC&Hud
N Y Lack A W See D L A W
NYLE4W See Erie
NYADongBr See Cent of N J
NYANE
SeeNYNH&H
N YNHAHarlstreg4s.l903
New
Low UujU
106*e
'-j
113*4 112
OsweA R2dgu g58...el915 F
RWAOTR lstgug 58.1918 M
Utica A Blk Riv gug4s. 1922 J
N Y Chic A St L lat g 48.1937 A
Registered
1937 A
N
W
M
Il2>a1 1-
1931 M
1031 Q
.
1
106*a.
.
<fc
A Mont
OInd & W
Jasper Branch 1st g 6s.. 1923 J-J
McM W<fc Al 1st 6s. .1917 J-J
Branch 1st 6s. ...191 J-J
Nash Flor A Shef See L, A N
Ki.',
N Y Harlem g 3*28... 2000 M
Registered
2000 M
N Y & North 1st g 5a.. .1927 A
R W&Ocon 1816x158.711922 A
Nor
J-J
is
.No
Janvnr,/
'
19
con gu g
1st
OQ v.
lligl,
10a
1(i:j
.
River lstg6s
1932
& Ry 1st con g 4s. 1996
ib'3" i'16"
Registered
1996
90*2
90
CCA T 1st gug5s
1922
100 100
ScioV A N Elstgu g4s 1989
105 107
North Illinois See Chi & N
113 115
North Ohio Sec L Erie A
Northern Pacific
114 119
114*2116*2
Prior lien rv A 1 gr g 4s. 1997
84*4 96*4
Registered
1997
General lien gold 3s....a2047
Registered
a2047
M
1st
i'.l
5s
Registered
4s
Registered
Bat C <fe St ur 1 st gu g 3s
90
N
Chat & Stl.lst7s.1913
Nash consol
gold 5s
1928
...
PlttflMcK<fcYl8tgn6s.
2d guar 6s
1934 J
McKeesA n v Lat g6a 1918 J
Mich Cent 1st consol 7s. I'.to-j'M
1st consol 5s
1902 M
6s
1909 M
110*4 J'ly'00
See
YCA H
Monongahela Riv See B A O
A
Mont Cent See St P
Morgan's La <fe T See S P Co
Morria A Essex See Del L, A
M
,
104
147*2147*2
119 122*2
J-l)
Missouri Pacific 3d 7a
190G M-N
1920 M-N
latconsol gold 6s
Trust gold 5a stamped. al917
Registered
ol917 M-S
1st coll gold 5s
147> 2 Fel)-01
150
M-N
98*2
M-N
M-S 103*2 106
99
J-D
F-A
4s
1st
1
25
XW
AHk how
;
R gu
I
,
1st oon g4s. 1977
1927
gold 6a
2d inc 6a A op atmpd../i l'.H
2d Inoome gold 8a B...7I L91
Mex North 1st gold 6a.. ..1910
Mich Cent See
Y Cent
Mid of J See Erie
Mil L S A
See Chio A
Mil <ft Mad See Chic & N
A St P
Mil & North See Cli
Mil & St P See Ch
& St P
Minn <fc St L 1st cold 7s. .1927
Iowa Ex lat gold 7s
1909
Pacilic Ex 1st gold 6a. ..1921
;.s
ir.r.
a Hi Sale
ioV^J'iy'oo
:
-J
J.
1
Regiatered
2861
Lake Shore consol 2d 7h 1903
Regiatered
190
Gold 8*98
1997 J
Regiatered
1997 J
Del Mull A Tol 1st 78.1906
KaA.to R 1st gn<
Mahon C'l Kit 1st 68. .1934
106*2
105 '4 1(1.".*!
114 117*2
•".
I
Hid
(Contim
NorAi Mont lstgug 68.1911
West Shore. 1st 4s gn...23B1
102
M
I
.
Registered
106" ibo"
ioo"'MaV'(i]
H
11
1
1
115
110
A
c. hi
i.
(
CM
fje
1
Itant/e or
•
\
11
Gonv<fr Oewelatgng5a
Moli .V. Mai 1st gu g La. 1991 M
1D4H2
111
1
A-O
1919 A-O
58
1st
Mohawk A M al
\ Y
*a
J-l)
Nat
LA
117
•t
'*
'97
A-O
A O
rnternai
N
1
1
03
.1.111
lim Bep'01
LOVjMar'O:
Aug'01
117 Sep '01
11 ">
L15
8
Man
cull fold
1
1
:
l/ii/h
ENDING
Wl.i K
I,
I
Equip A
1
110
MS
,
Lie
126*4
Di ."(in
k.ug'01
1
!•'
.1910 A-o
L946
-
1
K-A
1
0OI
Muy'lll
72
.
.1
1
I
1.1
1
124
January
1
»>/•/, '»
fr\rr
stock ex<
x. v.
gift
High No
A Hi, Cow
in,
Tim
J
4a.. L98
'108
- L945
F-A
s
N Klti.fc Lai go g 5B...1987
L2
A
Pens & All 1st gu n 8a. 92
B A N Ala
Sink Inn,
I
BOND*
Bang*
Ha/ngt or
Salt
[Vol. LXXIII,
Manufacturing
100
101*2 101
55
Friday; latest bid and asked this week,
101
101
104*2
Nov'OO
a
Due Jan
e
Due May
g
J'ne
103*2.
.1
103
104
13
106*4 100*4
96*4 108
95*8 Jan '97
107
80
105
May'97
May'97
Oct '00
107
108
105
107
Aug'01
Feb'00
-D
A-O
107
J-J
110
Sale
J D
F-A
111*2 101
J-J
32
101
Jan
105
110
112
100
104*3
3 104
..
'00
&
Industrial
Bicycle s f deben 5s 1919 M- S
1915 Q-F
Cot Oil ext 4*2S
Due
Sale
M-N
Amer
Am
106*2
103
h Due J'ly
p Due Nov
64
Sale
101
*
Option
65
64
100*2Sep'01
sale.
24
60
99
82
102
October
BONDS
N.
Y.
BTO<
\\
k
i
i.
Bond Record— Concluded— Page 4
5, 1901.
\i
I
II
n
WOE
ENDING OCT.
Oct
-1
Isl real est g Is. 1928
Consol sterling g
A si. Una
H...U
I
.
108
I-
V
Ash
a-
> catling
120 'a
1
1
1st
133'.,
5 H 112
27
108
109
114V.
ii.'
121
120 ..
110 4..
90
118 'a
-.
J'ne'99
98
no
ii3-\ us'...
J'lv'07
100 4 ldii'v.
ion Aug'Ol
Lbo"
11
95^
92
!i"> 'i
:
"99"
98
l214Mar'01
9 O^ Sale
i'o'o'v
1
a
121
121
•-.
024 99
200
Apr dl
92
100 4 Sale
98
95
01
I
fit)
83
a....
RoChA Pitta See B RA P
Rome \V;»t & Og See N Y Cent
1004
984 10334
1004
Aug'Ol
88^ Sep '00
Keh'Ol
L06
81 Sep HI
92 3< J'ly'01
96
03
'.,
106
SO 4 84
02 4 94^
106
93
4 94 4 94
94
894 98
13
M
Aug'Ol
1144J'ne'01
111
M-N
M-N
FA
J
1
..
1
.1
6a series
Cd
D
.1
II
1912
;.„i9ii
lst gold Os
1037
lst con guar g 5s
1906
Stamped
s !•.,,,,[ N Mix lst gGs.. 1911
1st
gu gas.. ..1937
S p Coast
1st 7s
1905
Xei A N
Sabine i»n Istg6s....l912
1943
Con gold 6a
Southern— 1st con g 5s... 100
O
A
11
'.'.'.'.'.
I
4
1
1144
Stat Isl
1364
suub<fe
1124119
100 May'01
100 Apr'Ol
102 34 J'ne'Ol
100 4 Sep '01
914102
97% Sale
974
78 »4 Sale
100
78>»
114
141
J
J
J
\[,i '01
116
1204
M-N
M-N
112
J-J
'112
J-D
A-O
105
,109
106
108
4ll87e
139
.22"
J-D
J-D
'.
ill"
97 4 Sale
115
1
1
Apr '99
111
Aug'Ol
M
120
184120
112
126
....
4""
i.22
il"6"
'.'.'..
1
'
110
124
107
99
1134 1104 Aug'Ol
1204.'
123 Deo '99
94 s4 I'Vb'lll
1064Fcb'01
85
Aug'Ol
90
91 3s J'ne'Ol
W
104 34Feb'98
110
W
913a Sale
W
105
.101
86 34 Sale
loo's
91
101
91 7„
85 Nov'O'.l
111 J'ne'Ol
100»8 101 U
9978 J ne'00
86 34
86 34
110
110*4
Apr'Ol
tfov'97
1084J Vol
1164 1174
17'.) J
112
io8"il24
IS
mo
96
120
93
E
1
U74J'ly'0]
1174,1204
120
112
117
111
S<
Bep'OJ
127 84 Sep '01
126 J'lvoi
124
Sep '111
'i
11
4J'ly'0l
1
12]
7
„1104
1244 128
1244129
121
124 4
109
1114
100
110
114
114
113
117
118
JMy'OO
101
Dec'00
F-A
J-J
88
120
120% J'ne'Ol
1094
Oct '99
Sep '01
117
115
Aug'Ol
914Seii '00
J-J
2
1
119»4 121
J'ne'Ol
M-N
.
1114
119
113
os 4
1 20
05 4
lie
lv 'in
1164.
1164.
.
\
1 1
1
Bep'01
83
Mar'Ol
'.mi
120
95
03»4
1
I
83
117
J'ly'Ou
116
Mar'Ol
1
16
120»a
116
116
1154H64
1164May'01
2000 J-D
lst gold 5s
?20O0 Mar
2d gold inc 5s
1931 J.J
La Div B I. lst g 5s
1035 J-J
Tol& O C lst g 5s
Western Div lst g 5s... 1935 A o
1935 J-D
General gold 5s
Kan &
lst gu g 4s.. ..1990 A-O
Tol P &
lst gold 4s.. ..1917 J-J
M
W
TolStL<feWprlieng3 4s.l02.
50-year gold 4s
119 4.
9a
115
111
115
Mar'Ol
115
115
104
Feb '01
104
104
110
4
Aug'Ol
1154120 4
90
1950 A-O
81
Sale
:i
1
111
115
114
J'ne'Ol
105
Sep
90
J'ly'Ol
'01
00 '4
100
1104111
113 1174
113 1154
103 1084
115
994 004
924
924 94
J-J
Uni NJ RR & C Co See Pa RR
Utah Central See Rio Gr Wes
rtah<fe North .S'ee Un Pacific
I'lica & Black R See N Y Cent
\ er Val 1 nil <fc
.See Mo P
' irginiaMid
104 111
See South Ry
1030 M-N
\\' abash lst gold 5s
11041104 '» 2d gold 5s
1939 F-A
Debenture series A
1030 J-J
SeriesB
1030 J-J
94 3
Det <fc Cli Ext lst g 5s. 04 J-J
94
1064109*4
DesMoin imv lst g 4s. .1939 J-J
st Chas Bridge 1st g lis. 1908 A-O
s7
87
914 91 s Warren See Del Lac A> West
Wash Cent See Nor Pac
WashO&W See Southern
West N Y& Pa lst g 5s.. 1037 J-J
Gen gold 3-4s
1943 A-O
Income 5s
<( 19431 Nov
West No Car See South Kv
W( st Shore See N Y C, in
Vacent& P lst g 6s.. 19111 J"
8 95 8 1014 Wheel'g& I. K 1st g 58.. .1926 A-O
Wheel Div lst gold 5s.. 102s J-J
125 83
954
Exten & Imp gold 5S...1930 F-A
lst consol 48
96 111
1040 M-S
Wilkes
<fe Fast
See Erie
26 100 1034
99
1
96
26
94
994
96
95
4
90
91
81
84 a4
98 4J'ly'01
109 Sep '01
104 'a
1054
104 4 Sep '01
924
88
2
85=9
73
08 100
100 4109
70 10114 107
...104 loo 3!
1054 106 34 libo 103 129
110 Apr'Ol ... no 110
102 4
L02 84 12 1"1 >4 105
ISO
127
25
127
5 1 15
117
117
106
106 Jan 01 ... 1 06
119
17
1174 J'ne'Ol
113
113
113 Mar'Ol
89
.
1
W
.
.
1
1
1194.
1104.
U04
1104
6O84 Sali
110
90
107
1194
119
111
OS
110
117
1
20 34
114.
8
4
no
40
102
7o
111
95
110
112
Sep 'i».
Mar'Ol
119
95
81
1004
1134 Mar'Ol
1154.ru '01
114
113
May'01
1114
112
J
112
B9
99 J'ly'Ol
59 34
624
111
ill
98
Sep
1
'01
1104
1104
,
11941204
98
99
W
10078 sale
110
111
100
102
111
117
110
Bmg & N Y See I)UW
Tebo & N .See M K <& T
'
lst
1124
121
93.J
'l.i
1
KR&
Apr'97
120
110
1
".'.'.'.
11041164 Tor Ham & Buff lst g 4s./il946 J-D 08 4100 4
116 1204 Ulster <fe Del lst con g 5s 1928 J-D 1064....
103 107 4
n Pac
lgr g4s..l947 J-J *104 4 ....
100 106
Registered
1947 J-J
1911 M-N lOS'eSale
1064110
1st lien convert 4s
OreR.v<fcNavlstsfg6s 1909 .l-J 107
Ore Ry & Xav con g4s.loii' J-D 1023! Sale
Ore Short Line lst g 6s.. 1022 F-A 1264128
1041 J-J 117
1st eolisol g 5s
132 140
Non-cuminc A 5s
ftl946 Sep
Utah & Nor lst 7s
1008 J-J 117
Gold 5s
121 122
1926 J-J *110
'01
12 1 4 Aug'Ol
.
142
113 3.ill64
Apr '00
130 4 1394
115
i'2*6"
J-J
112'4 J'ne'Ol
Nov'00
By lst gtl g 4 4S. .1043 J-D
Lew See Penn RR
r
128
1384.
120
1
111
lst con gold 5s
116 3
105
Mar'Ol
Sep
119
120
107
Syra
974 140 95 4 1014
79'-. 101
71
824
1164Aug'01
105
ios4
ly 01
1
. .
114
1164Apr'()l
1164.
1054.
J-l)
91*4
14 4
:
1
1144 114
J
M-N
4S
1064
erAof St List g 44s. .1939 A-O 1124.
1894-1944 F-A 1134.
96 100
St L M Bge Ter gu g 5s. 1930 A-O
023
97
Tex & N O See So Pac Co
4
1004100 4 Tex <fe Pac E Div lst g Os 1 905 M-S
117*4 117>4
141
141
137 34Feb'99
114
11
1114
MS
.
1074
864
103
AO
1994 .l-J
Registered
Mem inv 1st g 44-68.. .1996 J-J
.l-J
St Loula div 1st g 4s ... 195
1918 J-J
Ala Ceil B 1st g lis
1948 J-J
Atl & lluiiv lst g 4s
Atl & Yad 1st g guar 48.1949
1916 J-J
Col & Greenvlst 6a
F. T Va<fc Ga Div g5s..l930 .J-J
1951 M-N
COD 1st gold 5s
938 M s
E Ten renr lien g 5s
1938M S
Registered
1922 J.J
GaPac Ry 1st g6s
Knox & Ohio lst g Os. ..1925 J-J
Rich A- Dan con g lis ...1915 J-J
Equip sink fumlg 5s.. 1900
1 927 A-O
Del) 5s stamped
Rich & Meek 1st g 4s... 10 is M-N
SoCar&Ga lst g 5s.. ..1010 M-N
Virginia MidserD 4-68.1921
1926
Series K 5s
1936 M-N
General 5s
113
id
J-J - 95
K-A •110
-Ill
J-J '106
J-J 1164 Sale
1
1374
Aug'Ol
....
.1
A
4
1114
no
in;
36
.1
I
113
1
1
1
O
g 5s. ..1942 M-S
S A A A P See So Pac Co
P
lst
N
sink
SF A
g 5s. 1919 J-J
lst gold 0S....1934 A-O
Sav F A
1st gold 5s
1934 A-O
St Jolin's Div lst g 4s. ..1934 J-J
Ala Mnl lstgu gold 5s.. 1928 M-N
BrunsA W lstgu g 4s.. 1938 J-J
Sil Sp Oca & G gu g 4s. .1918 J-J
Scioto Val diXE .See Nor A
1020
Scab A Roa lst 5s
Car Cent lst con g 4s.. .1949
Sher Shr A So See M K A T
Sil Sp Oca A O .See Suv W A
Sod Bay A So lst g 5s
1924 J-J
So Car A Ga .See Southern
Southern Pacilic Co
2-5 year coll trg4 4s
190 J-D
Gold 4s (Cent Pac collj.fcl940 J-D
Registered
fcl949 J-D
A A N lst gu g 5s 1941 J-J
Cent Pac lst ref gu g 4s 1949 FA
Registered
1949 F-A
Mort guar gold 3 4s..fcl929 J-D
Registered
k\ 920 J-D
W
III34
111
125
114 34ll64 1154Sep'01
102 4 Oct '00
95
St Louis So -See Illinois
1st g 4s bd ctis.1989 M-N
St h S
2d g4sinc bond ctfs...pl989 J-J
Gray's PtTerlstgug 5s 1947 J-D
SFePresA Ph
A-O
10. ill
Guar stamped
lst cy gu 4s. .1024
West N C lst con g 6s. 1914
112'b
Ala BeeTiA N
1144 spok Falls & Nor lst g 6s. 1939
1937 J-D
Cent
1033
1033
Registered
Reduced to gold 4 48-. 1933
Registered
1983
1910
Dakota est gold 6s
Mont ext lst gold 4s
1037
Registered
1037
EMinu lst div Istg5s..l908
190«
Registered
Nor Div 1st gold 4s
1948
Registered
1948
Minn Union lst g 6s
1922
1037
MontC lst gu g Os
Registered
1937
1937
1st guar gold 5s
Registered
1937
"WiR A S F lst gold os.. 1938
Registered
1938
St P A Nor Pac See Nor Puc
St P A S'x City See C St P
AO
124
(
S&N
111
114 4 May '01
128 x4 Sep '01
127 34
J-J
J-J
lst trust gold 5s
AO
O lst g 6s... 19 19
gold 4s. .1996 J-J
Cent Div 1st gold 4s. .1929 A O
Northw Div lst g 4s. .1930 A-O
Southw Div lst g 5s. .1947 A-O
lst consul gold Os
6a
a
188"
WO& W
L K C A N See
L M Br .See T RKAolSt L
StLASFrau 2(1 g 6s CI A. 1906 M-N
St
StPaulADul See Nor Pacific
St Paul M A Man 2d 6s. ..1000
gu
i;ms a-(i
191
i' ".
19
1
1
1114
a
l"
MS
MS
121
Wabash
W
6a'30M N
di\ lsi u
.
so
MS
J-J
St Jo A; Or lsi lst g3-4s..l947 J-J
St Law A Adirou 1st g 58.1996 J-J
2d gold Os
1990 A-O
St L A Cairo See Mob & Ohio
P
St L A Iron Mount See
Kansas Mid lstg4s
Kill
1
Tus A H See Pare Marq
Sag
ait I.akeC 1st g 8 f lis. .1913
RR
o
1
92
4
1004
1114
1
An
•
Pierce C A
St L, A S F
w
14 •
gold os
4 Mex gulstg4<
>
1st g
'i"
J
111
1
1
Nov'98
1184SJ i'I>
.
1933 M-N
193"
1
4 Oct '98
107
Rensselaer A 8
Rich A Dim See South Ry
Rich A Meek See Southern
Rio Or West lst g 4s
1939
Consol ami col trust 4s .1040
Ctuli Cent 1st gu g 4s.al91 A O
Rio Gr June 1st gu g 6s.. .1939
104(1
Rio gr So 1st gold 4s
1940
Guaranteed
1906
1906
1931
1931
1987
1
Ltli
1
137"No'vv97
oon 58.1927 M-N
1991 J J
1907 J J
D A u
2d gold Os Class B
2d gold 6s Class C
General gold 6s
General gold 5s
a N
i
I
114 4 Ang'ol
Co geu g 4s
St
-,
1
\ o
luaranteed ir< >i<
J
\
at 1st guar t 6a 192
s a a \ Paaa si gu g4a L948 J
go Pol a gu lst g 6sel909 10
A 11
S Pot Cal 1st g6s....
A-O
let gi.s Beriea B
138k
'
Keli'Ol
J'ne'Ol
127
.
eertfs
V Registered
a,.,
Uorgao
lst
LOi
102
lno
'
1
.\,,„i i'al lsi
>
iitts
w
112
bo
ii. ..
S
N
'MS
;
1
1
R 5a red(
'nils,,
Gen
183 >a Jan '01
mi Ool "00
-j.
Co
1
w
M
M
1931
A \
a
3
1
1
-
I
1
5a int gu.
- us mi guar... 1912 a
gold 4s mi guar. 1921 A
a
Ii
N
•'
si ,t
"
117"
HO 'a.
I
J ?
Max'00
Jau V01
.
.
AO
Nov'9'
ikj'i
112
km;
M-N
58.1939 A-O
A
ruad ii Lst gag Is. 1931
Pine Cre« k reg guar Bs. 1932 J D
Pitts Cln a si i. Bee Penn Co
68..1922 V O
Pitts (.'lev A Tol lsi
Pitta it \s a ill Set Penn Co
1922 J-J
Pitts June 1st gold (is
Pitts A l. Erie 2d g 5s...al928
Pitts MoKees A V SteH \ Ceu
Pitts i' a K lsi gold 5s ...1916 J-J
Pitts sh a l. K 1st g Bs... 1940 A O
i94is J-J
lst consul gold 5s
Pitts a w st lsi g la
1917 J J
109
i.
1.
t'n
at
1
COC4
.
1st giis
-
.
..
V
ry 1
:
1
1
gold
Hona
.v.
g
I.
Hut
Bar a B A
I
i;,l.i
MS
oonsol gold 5s
Huron inv Let
NDIKfl Ol
I
...ii,. 11,
•j,
»1919 Q M
1948 M-N
Begisti red
l't
-
MS
Consul gold Is
Alii -a Val gen gu g 4s... 1942
Cl<8 Mai 1st go g4>aa..l93S M N
Di; B B<S Bge 1st gu4a(f.'86 P A
Or 11 a [ex 1st gug44a 1941
Sim A li « La lei g is. L980
Can gen Is. 1944
J i,i;
Pensaoola & Atl Set h 4 Nash
B1 1.
Poo A East Set
l'.u a Pelt Un let g 6s.. ..1921
6192] \1 N
•2d gold 4 4*
A P M g 68.1920 V O
Pare Marq
1st
A..
.
Will.
I
/...,.'
si
1
O-M
1VKI.">
1919
Consol gold Bs
.
Hiah
M»y'97
Ids
N
tanuary
L908 J-J
6a
:
M
N.
Last Sale
I
//id
Penn RB
BONDti
nge
,-ek't
Bang
Friday
713
Wil & Sioux F See St P
834 894 Winona & St P See C
25
M M
NW
112
Ill 114
lll 34
120
100
40
Sep
'01
90
Sep '01
88
88 H
40
1134H34
1174
119
94
<fe
<fe
Wis Cent
I
50-yr 1st gen 4s. 10 10 J-J
88
Sale
31
854 02 4
MISCELLANEOUS BONUS— Concluded.
rHnuutneturing cV uilusl riiil
Am Hide & h 1st s f g 6s.. 1919
Am Spirits Mfg lst g6s..l915
Am Thread lst col tr 4s. ..1919
Bar& SCar Co lst g 6s.. .1942
Consol Tobacco 50-yr g 48.1951
78
Distilling ol America coUateral
trust gold 5s
1911
Gramercy Sug lst gold 6s. 1023
IU Steel Co deb 5s
1910
82 4 Sale
90
Miscellaneous
1
92
Sale
92
76
92
78
90
633s sai e
105
68
824
Jan
'0(1
OO'j
83
9978 Apr'01
99 Jan '99
10()4J'neOl
904 98
Adams Ex
194S M-S
Cent .\J
BlUn berry Co lst con g 5s 04s K-A
Bkln
A11 lst 6s trotis..
1458
63
674 Chic Jc A St Yard col g 68.1915 J*J
Del M it M Id gr 3 48 8 A .10 11 A-O
Hack Wat Beor lst g 5s.. 1926 J-J
35 82 4 86
Mend B Co 1st 8f g Os. ... 103 MS
90 100
Hoboken LA I gold 6s. ..1910 M N
100 1004 .Mad Sq Garden 1st g 6s. .1919 M-N
Man Bch H A L gen g 4S..1940 M-N
105 111
Newp NeShip A DT)5sdl990 J-J
N Y A ont Land 1st g 6s. .1910 F-A
St LTerCupplesStal'i, A
107 110
Co lst g 4 4s 5-20 year. 10 17 J-D
02
96
464 72 4 S Y'uba Wat Co con g 6a. .1923 J-J
Sp Yal Wat Works 1st
64 12
Vermont Mar lst s f 6s .. 1910
113 115
76
85
Am Dk&
W
col tr
Imp 5s
g4s
1034 Sali
1034
104
90
1
W
I
1
75
Sale
86
75
111
30
113
Pep
844
'01
75
4 26
109
Sep
'01
'-'14
78
ill
Mar'Ol
111
35
4
Nov'90
-
Non-conv deben 5s
1913
Int Paper Co lst con g 6s. 1918
1084111 1084 Sep '01
Knickerbocker Ico (Chicago)
90 Oct 00
lst gold 5s
1928
98
93 Ang'00
NatStarch Mfg Co lst g 6s 1920
1084
1084 Aug'Ol
Nat starch Co s f deb 5s. .1025
94 34 94 34
943.,
101
Feb '97
Stan Rope & T 1st g 6s.. .1040
62 Sale
52
ol
H3 4J'iy oo
Income gold 5s
1040
MS
Sale
6%
54
64
TJS Leath Co s f deb g6s..l913 M-N 115
114 Sep '01
* No price Friday; latest bid and asked, a Due Jan b Due Feb dDue Apr g Due J'ne A Due J'ly k Due Aug n Due Sep p Due Nov q Due Deo
'
103
2(
.See
,
(',.-
«
Option sale
THE CHRONICLE.
714
Volume
Business at Stock Exchanges
of
TRANSACTIONS AT THK NKW YORK STOCK EXCHANGE
DAILY. WEEKLY AND YEARLY
Week
Stacks
r tilling
4
HOI
Oct.
I
Shares
/'((/•
Railroad <u
SlaU
Honda
Jiontls
Qmm
[Vol. LXXIII.
Sccuritiod
285,243
473,758
338,325
...
v a
Bonds
Log«kWabV
lsi
6V26.J-D
Monday
40,471,800
68,212,900
1,486,100
L.649,500
1,972,500
2,724,600
+ 1,000
5,000
2.590,1)35 (254.861,500
$10,196,600
$20,000
1 811,062
-11(1,718
Thursday...
Friday
592,929
i
Week emlimi
Bales at
New York Slock
Exchange
Oct.
1901
Stocks— N o. shares
Par value
Bank
3
1 to Oct.
Stale bonds
10, 196] 600
and mis. bonds
$10,216,600
Total bonds.
$101,925
$18,500
24,600
5,375,000
$1,463,970
2,316,200
774.153.400
$5,608,110
1,685,800
348,068.800
$355,362,710
$777,923,570
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
4
1901
Oct.
Wednesday
Unlisted
shares
Listed
shares
22.807
21,095
13,781
23,333
18,764
Teleg
.
Thursday
Philadelphia
Boston
Week ending
Bond
Listed
shares
sales
16,51)7
Unlisted
Bond
slcares
sales
14,619
15,649
ram not r eceived.
883
3,285
2,114
1,023
7,185
26
Ches a u Grain hi inc..
15
,u
1
Tcle«r
Amer
!
80
406
102
I-l
18
22
96-
list
jit
1
60
01
(
100
nil
1,111
(
67
2
Exch
'abinei Lock. 100
P
&
Sli
250
25
Co
hn Bids, 100
<V-
76
15
Boat
ic
Telephone
Teleg(NY)100
40
34
113
106
60
102
180
110
75
BellTelephoi Buffalo 100
<fc So Amer... Ion
& I'olo Tcloph..loo
J-J
Commercial Cable
on
Commer 1'n Tel (N E").26
Emp.fe Bay State Tel inn
1
116
10
1
65
40
Erie Teleg <fe Telep Bee I; oston
Franklin
100
45
Gold «fc stock
inn
4%s, 1905
Hudson River Teleph 100 112
International Ocean. 100 116
Mexican Telephone See Bosto
New Eug Telephone See Bosto
Northwestern Teleg.. .50 124
N Y & N J Telephone 1 00 168
6sl920
M-N 112
Pacific & Atlantic
78
26
Providence Telephone. 50 fz97V
Southern & Atlantic. .25
95
Tel Tel & Cable ot Am. 15 t
5
list.
1
2%
2 '4
100
100
35
.iiriage
1
100
ii
ihemical
loo
60
lined
100
97
Gorhain Mfg Co com. 100 lllO
loi »120
Preferred
9
Havana iommercial.100
Preferred
100
48
Hkr-lones Jew' .Mill.pfd
"90
6a 1922
M
red
116
lis
list
n
list
126
170
115
105
8
2
5
10
1%
1
<
11
18
45
Empire steel
el
186
124
too
7:i
loo
loo
100
ioo
Pn lei un
Empire state Sugar. .loo
l-J
Lsl 6s 1916
ii
llsl
Exch
Bee Stock
Diamond Match Co Bet
Dominion B< curities.lOU
.in
4
ft)
steel
IjIc
13%
60
lo
Rubber
tramps'
1
18
1
III
10.;
J
lire. .100
l'i eferred
...100
'on- Tobacco Is. See S'k
1
«fc
190929
oal&l
Prefei red
Electric Vehicle
dies
5s
I
.1
1
92
101
1
FH7
22
50
ii"o"
loo
ion
loo
00
inn
Compressed Air Co.. .100
ir Heating loo
On
I'll eu 'k.-i emu.
1st
87',
I
Hi
red
1
Ool.v, lloi k(
" 5a
u
N Y Stock
So
'omnion
te
Gist
1
2d prefi
<
<
lsl i-ret
11
.1
1
SI I'aul
Clatllii
M it:
on Eh
in
I
ilerring-Hall iMarvmlOO
1st preferred
100
loo
2d preferred
Hoboken Laud<fe ImplOO
M-.\
5a 1910
Intel national Fie vat. 100
Internal PowCopref 100
Internal'] Pump .See Stk
Internat'l Silver BeetiVk
6s 1948
J-D
Iron Steamboat
25
John B Stetson com. .loo
30
4
110
106
110
150
Exch
Exch
97
10
44
55
45
lis)
100
Companies
2
Allegheny Co Lig'tColOO 165 170
130 140
$596,135 Chicago Edison Co... 100 165
Preferred
100 125
Eddy Electric Mfg Co. 25 t
12°e 12*4
10
Lanston Monotype
'in
Edison El 111 Co Brk N Y Stock Exch Lawyers Mort lnsur.100 205 210
16,139
113,578
Total
$39,900
74,760
66,275
141,600
137,400
136,200
1,649
10,397
15,456
24,006
24,2 J 7
14,816
24,686
$16,920
87,640
64,160
58,165
72,930
9,716
16,664
58
OA
5s See
4-129,475
$5,418,000
111
5s lots fgfeeStock Excli list
Niw EngGaa 1; See B oston
ind Con Xat <fe 111 100
18
lsi 6a L926
M> 46
Providence .:is
50
si Joseph Gas 5s 1937. J-J a 9:;
Central
$20,000
07% 109%
. 10
LOO
56
Western Gas (Milw)—
$17,300
shares, par..
SI
1
1900
1901
900
A-O
.Q-0
1
General 6a 1 944.. .M-S
Syracuse Gas stock.. on
1st 5s 1946
J-J
4
83.1 73. "43
21 8,673,233
1,800,106
$25 1,85 1.500 $175,471,750 $21,323,489,426 $8,027,172,062
BONDS
U.
11,000
January
4
Chat*
48
Sj
.*.-
2.590.035
Government bonds
It
5oo
32,5 15,5110
48,331,
Tuesday
Wednesday.
Total
.0,600
1,5
47
Gas—
Madisoiu Wis,
lsl Cm 1926
Newark Gas 8s 10
Newark Consol Gas.
16,992,800
1;:.
20
.'.i 6s'l 5
1
I
value.
(128,297,800
IihIiim 11:1 ii ml >lii»rel
Cent Fireworks com. Ion
ion
Preferred
<
1
Saturday
Ask
Kid
Indianapolis Gas stock 50
70
1st 6k lO'.'O
M-N inn 102
Jackson Gas en
70
so
3a R 1987
A-o J100 102
Kansas 'o v '.as
loo
20
80
6S 1922
\
L08
i 1 02
Laclede Gas Bee N y stk Kxeh
Lafay'eGaslsl 6s'24.M -.\
43
52
Electric
;;
t
I
Outside Securities
For Weekly Review of Outside Market See 7th Page PrecedingStreet Hallways
NKW YORK
Bid
Ask
CITY
35
Bleeck St <fe PuJ F stk 1 00
J-J 101
lstniort4s 1950
B'way & 7th Ave stk. lOu 245
Istniort 58 1904.. .J-D 101 %
J-J J 08
2d moil 5s 1914
Con 5s 1943 See Stock Excli
B'way Surf 1st 5s gu 1924 $114
2d 5s int as rental 1905 SI 04
Cent'l Orosstown stk. loo 255
M-N 2125
IstM 6s 1922
Cen Pk N & E Kiv stk 100 208
J-D 103
Consol 7s 1902
Ckrist'r& 10th St stk 100 175
Col& 9th Ave 5s See Stock Exch
Bat stk 100 120
Dry D E
1st gold 5s 1932... J-D 115
P-A 103
Scrip 5s 1914
Eighth Avenue stock 100 400
F-A 105
Scrip 6s 1914
42d& Gr St Perry stk 100 395
65
St
N
Ave
100
42d St M &
lstmort 6s 1910. ..M-S 112 %
99
2d income 6s 1915. .J-J
B&
Lex Av & Pav P 5s See St
Ninth Avenue stock. 100
Second Avenue stocklOO
lstmort 5s 1909. .M-N
P-A
Consol 5s 1948
.Sixth Avenue stock. .100
37
Street Railways
Grand Rapids Ry
100
Preferred
100
104% Indianapolis St Ry
S-te
J
102
110
1949. ..M-N
Lake St (Chic) El stk.100
Deb 5s 1928
J-J
116
105
25
80
Pliila
C Hob <fe Paterson..lOO
249
list
Bid
4sgNovl
S
20
81
103
Louisv St Ry 5s 1930 J&J 8118
Lynn& Bos 1st 5s '24. J-D $113%
MinneapSt Ry 58
iS'eeStk
Exch
130
New Orleans City Ry 100
220
Preferred
100 101
North Chic Str stock. 100
1st 5s 1906-16
J-J
North J ersey St stocklOO
22
4s 1948
M-N 80
Pat Ry con 6s 1931. .J-D $126
2d 6s 1914
A-O $103
Rochester Ry (new). 100
30
84*4
Preferred
100
105
185
list
125
118
104
410
109
405
70
Con
28
A-O 112
5s 1930
2d 5s 1933
J-D
100
Edison Ore Milling Co 10
8
Electro-Pneum'icTranlO t 1
General Electric Co N Y Stock
Do prof See Boston list
Hartford (Ct) Elec Lt 100
Narragan (Prov) El Co 50 tx92
Ask New York & Queens Elec
Light & Power Co.. 100
26
27%
Preferred
loo
66
83
Rholsl Elec Protec ColOO .5119
list
Storey General Elec. .10
11
23
82% United Electricof N J100
48
1929
70
12
Unit Elec Lt & Po Co. .50 See Ba
104
120
Ferry Companies
115
Brooklyn Ferry stocklOO
list
17
NY&Blst6s 1911. J-J 113
Con 5s 1948 See Stock Exch
Metropolitan Ferry 5s
108
N Y & E R Ferry stk 1 00 66
1st 5s 1922
M-N $ 95
26
81% N Y & Hoboken stk.100 79
Hob Fy 1 st 5s 1946 M-N $112
Con os 1946
J-D $ 92
106
New York <fe New Jersey
34
1st 5s 1946
J-J
105%
86
10th & 23d Sts Ferry 100
75
mort
1st
5s
$105
1919.
..J-D
101%
Union Ferry stock. ..100
40
1st 5s 1920
M-N S 97
102
m
.
114% So Side El (Chic) stk.100 108
101
Syracuse Rap Tr 5s 1946 100
k Exe list
U nit Rys (St L Trans) 100
26% 27%
196
212
205
215
Preferred
Gen 4s 1934
$106%
107 3.]
UnitTr&
$119
175
120
215
West Chicago St
Con g 5s 1936
Sou Boulev 6s 1945.. J-J Sill
So Per 1st 5s 1919... A-O SI 08
115
110
Third Avenue See Stock Exch list
Tarry
P & M 5s 1928 107 109
YkersSt RR os 1 940A-O 104% 107
113
28th & 29th Sts 1st 5s '96 109
Twenty-Third St stk. 100 408 415
103
106
J-J
Deb 5s 1906
Union Ry 1st 5s 1942 P-A 114 116
Westchest 1st 5s 1943 J-J 110 113
W
BROOKLYN
Atlan Ave 5s 1909. .A-O S106 108
A-O 113% 115
Con 5s g 1931
5s See Stock Exc h list
E 5s 1933.. A-O 100^ 103
BB
Brooklyn City stock... 10 243 244
Con 5s See Stock Excli list
Bkln Crosstn 5s 1908. J-J 105 107
Bkn Hgts 1st 6s 1941 A-O 105
Bkln Q Co <fc Sub See Stk Exeh list
Bklyn Rap Tran See Stk Exch list
I nipt
&W
80
J-J $
89% 8934 Chic Peo
Elec (Prov)lOO
109
100 100
M-N $100
81
110
101%
Gas Securities
NEW YORK
Cent Union Gas 1st 5s...
Con Gas (N Y) stock K V
Equit Gas con 5s 1932 See
Mutual Gas
100
$109 110
stock Exc
Stk E x list
305 315
New Amsterdam Gas—
1st consol 5s 194S..J..T 107
107%
N y Eke Lt Heat&Power
Gold 5s See N Y Stuck Exch list
N Y & Fast River Lias—
1st 5s 1944
I-J $113
Consol 5s 1945
J-J 109
Nor Un 1st 5s 1927. M-N 108
114
110
110
Standard Gas com
Preferred
1st 5s 1930
155
120
OTHER
Itaiiroad
<fc St L pref. 100
100
100
100
M-N
130
150
$118
135
CITIES
Prior lien
4%
g4%s'30M&S $104
Con mtg g 5s 1930.J&J
Income 5sl930
Denver & South'n See S
Detroit Southn (w i).100
90
14H
tk
Ex
15
Preferred (w i)
100
1st 4s 1951 (wi) ...J-D
84
Ft, Worth & Rio Gran. 100
K C Ft Sc <fc Mem pf (w i) 76
Refg g 4s 1936 (wh LBS)
85%
Pitts Bess <fe L E
50 t 33
Preferred
50 t 70
Seaboard Air Line See B alt list
1
-.
'i
Industrial and Misccl
Aberdeen Copper
20
25
Acker Mer & Condit. 6s 100
Amalg Copper Si e Stock Exch
I
. .
Am Agric Chem See B
Amer Bank Note Co... 50
Am Bicycle
N
oston
55
I
Y'Stk
Exch
American Can com. ..300
20 3*
Preferred
100
American Chicle Co.. 100
Preferred
100
82
See
69%
Light, & Tract. 100
80
18% 20
Preferred
100
Amer Graphophone...ln
89
91
7%
Baltimore Consolidat See Bait list
9
Preferred
10
a,
Sscrtfsindbt 1903.. J-J
Bay State Gas
50
Amer Hide & Leather 100
5%
1
5s 1939 .J -3 113% 114% Binghuuiton Gas
Preferred
100
30
Gr St<ftNew 1st 5s '06 P-A 104
5s 1938
list
A-O i 94
6s See Stock Exch
96
109" Boston United lias bonds Bosto n list Amer Locomotive .See Stk Exch
Gr'pt (feLorimer St 1st 6s 106
Buffalo Git yGas stocklOO
Kings Co. Elevated—
4% 6 Amer Press Assoc'n.100 80
1st 4s 1949 See Stock Exch list
1st 5s bonds
100
70
American Screw
77%
71
Nassau Elec pref
100
83
85
Chicago G as See N Y st k Exch list
Amer Shipbu llding. 100 37
A-O 113 114 Cincinnati Gas & EleclOO 10278 103
6s 1944
Preferred
97
100
97 % 98H Col Gas LA; Heat com 100
1st 4s 1951
J-J
85
Soda Foun com..l00
3
88
Preferred
NewWb'g <fc Fl 1 st ex 4 %s 106 108
100 101 103
100
52%
1st preferred
Stein way 1st 6s 1922. J-J $119% 121
1st 5s 1932
J-J S106V 107%
9
2d preferred
100
Consol Gas (N J) stk.100
12
American Surety
50 175
14
OTHER CITIES
1st 5s 1936
2434
JJ 79 82 Amer Strawboard
100
Amer
Coney Island* BklynlOO 320
330
1
102
101
103
I
1st 6s 1903
J-J
BrkC&N
,
. .
Am
Buffalo Street Ry—
Consum Gas (J City)
1st consol 5s 1931.. F-A
118
1st 6s 1904
M-N $103 104
Deb 68 1917
Detroit Citv Gas
A.O §106 107
50
Chicago City
stk.100
208
Detroit Gas See
Y Stk Exch list
Chic U nion Trac com . 100
17^8 17% Essex <fe Hudson Gas 100
31
35
N
RR
Preferred
100
58
Cleveland Citv Rv
100
122%
Cleve City 1st 5s 1909. J-J 103 % 106%
Cleveland ElectrRy.100
881/
85
Con 5s 1913
M-S 105% 107
Columbus (O) St Ry..l00 45
48
Preferred
ioo
99 103
Colum Ry con 5s See Ph ila list
Croast'wnlst58'33.J-D $110 113
i Buyer pays accrued interest.
Fort
Wayne (Ind)—
1st 6s 1925
Grand Rapids Gas
J-J
48
52
Bonds 6s
AmTypefo'rs
Amer Woolen
F-A
stock. .100
See Stock
55
2%
Amer 'Writing
Paper. 100
Preferred
100
J-J
5s 1919
100
Anthracite Coal
loo
Barney & Sm Car
Preierred
100
50
Bliss Company com
Preferred
50
Bond <fc Mort Guar... 100
1st 5s 1915
F-A $104% 105%
Hartford (Ct) Gas L...25 t 48
50
100
32
33
102 103
Indiana Nat &, Hi Gas—
Brit'h Columbia Copper 5
1st 6s 1908
M-N 55
60
Celluloid Co
100
1 Price per snare.
Hudson Co Gas
5sgl949
100%
Exeh
67
70
CO
16
40
135
4
350
10%
100
11
Lawyers' Surety
90
340
loo
Ik Lawyers'
Exch
Title Ins. ..100
Lonilard (P) pref
100
350
115
10
65
Madison Sq Garden. .100
2d 6s 1919
M-N
65
7»4
Construe, pf 100
8%
R Coal. .60 t 13
13%
30
Preferred
50 t
4 7-4
Hosier Safe Co
70
100
100
National Carbon
18
100
Preierred
84
12
100
20
Nat Enam'g & Stamp 1 00 25% 27
Preferred
82
72
loo
85
It list Nat'l Gramophone
100
4
National Salt See
Stk Exch list
National Surety
100 145 155
New Central Coal
27
18
32
20
N Y Loan <fc Imp
80
115
100
list
Biscuit 6s 1911. M-S 114
115
110
Y El V Tr ($20 pd)10O
9
9%
70
Y Realty Corp
100 150 160
96
Nicholson File Co
100 j;128
Ontario Silver
10% 1134
81
loo
113 \ Otis Elevator com
29
30
100
94
Preferred
93
100
95%
Pittsburg Brewing
50 t 'lb U 26»4
107
Preferred
50 i 43^ 44%
80
30% 30' 4
Pittsburg Coal
100
108
Preferred
94% 94'%
100
41
Pitts Plate Glass
100 175^ 170
Planters' Compress Seen oston list
98
Pratt & Whitn pref.. 100
95
Procter & Gamble
100 339 340
Preferred
6
100 202 205
Royal BakPowd pref. 100 100 101
107
Rubber Goods Mfg See St ockEx list.
92
Russell & Erwin
18
59
25
62%
list
Safety Car Heat& Lt 100 140
145
15% Simmons Hardw com 100 164% 170
40% Preferred
100 139 142
2d preferred
85
100 140 145
Singer Mfg Co
100 235 250
766, Standard Milling Co. 100
3
4
17
20
86% Preferred
100
59
36
5s
62
Standard Oil of
74
J.. 100 725
730
Stand Undergd Cable 100
220
gloss-Sheffield See Stock Exch list
Standard Coupler comlOO
28
32
Preferred
25
100 117 125
Stillw-Bier* Sm Vpt 100
70
list
Storage Power
50 t
6
9
list
Swift & Co
105
110
100
57
1st 5s 1910-1914. ...J-J $101
102
list
Tennessee Copper
25 t 14% 1434
Texas & Pacific Coal. 100
96%
70
1st 6s 1908
A-O $106 110
Title Guar & Trust.. .100 500
87
530
Trenton Pottery com 100
5
8
Preierred
62% 67%
100
»h
Trow Directory new. .100 70
10
4 1,
434
10 t
6H Union Copper
33
Union Steel & Chain. 100 27
35
40
Preferred
50
100
list
Union Switch & Signal 50 t 69
69%
Preferred
95
60 t 88
Union Typewr com.. 100
64
66
1st preferred
38
100 120 125
'2d
preferred
115
100
118
98H
6
6
U S Cast Iron Pipe.. .100
Preferred
31
100
60
34
29
31
12
U S Cotton Duck
100
90 4 91%
190
Preferred
100
50
U s Envelope com. ..100
Preferred
92
97
100
59
V S Glass common. ..100 36% 37%
list
Preferred
100 140 145
39
3
U s Reduct&RenninglOO 38
63
Preferred
100
70
65
1st mort 6s
85
71
90%
70
U S Steel Corporation See Stock Exch
19% Universal Tobacco... 100 15
20
123
Preferred
100
35
45
150
6
Va Coal Iron <fe Coke. 100
8
M-S 36
40
5s 1949
Westingh Air Brake.. 60
390
180
IS *!
11
White Knob Mining. 100
15
102
Worthing Pump pref. 100 116 120
M ex Nat
Monongahela
NY
NY
N
N
1
N
n\
1
October
1901.]
5,
28.
i
".
80
-Sepf.
a
9S6
858
368
I7»
84 8
171
•441
i
•
•814
•193
ISO
•189
•78
•64
1B6
180
74
8o
84
64
•
148* 149
144
86
86
\V4
98
167
6fl
180
•199
78
T B
so
38
98
84
I'M
•83*
i
.-18
88
85
87* a?*
61* 61*
87* Wf *
8H«a
8<"*
884
189* 184
116* 117
878
18*
x80
198
117
67u
1*9
148
38*
*
H
8'.
81
6** 6S*
98
?S* 88k
444 44*
40*
40
71
4'*
115k
*
4
97
k7*
1<*
l»l«
18
18
71*
•704 71*
•78* 80
no isle »o
Bid
60
i(Phil)
(
Oct.
ABk.
4
....
Fla.(Balt)100
"
100
lit pref
"
100
Bd pref
50
Paii(Phll)
B'rmant'n
50
HeitonT M 4 T "
St
"
Pre.'
"
10(
indiBtreet
"
50
iiittle Sonuylk.
iBamt Central. (Boit)100
.vilnebill 4 6 U.tPhU) 50
50
iAaiquehon'g Y. "
"
50
North Penn....
>ert Marqu'te.(Boit)10(.
"
100
^ref
PhilQeno b N.(Phil) 50
50
Phlla. Traotlon
HyiCn ilMuurall "
Rutland pref ..f Bon '100
ir/hll)10u
.
2S
:]nPow4Trani
Weit Bnd yref. (Bo»i, Si
•
•«•
«-.*
48
98
100
7b
•••)•
• • • •
-
'57* "59
16f*
6,*
• • • •
108
70
80
73
10C
100
Mlnlng(Boit)
U
4Vmer. n nment.tPhll)
AmQcld Dredg(»»nit) 10
(Phil) *0
Amer. I. A 8
AmFnecm-ferr uuat) 5
"
Si
rtbi
•41
"
Arcadian
"
95
Arnold Mining.
"
9
Atlantic Mln'g.
25
raiuo Mining.. "
(Phil) 5(
Jeth Steel
98*
^4
1C5
X79
47
113
Boiton BleoLt.(Boit)100
rr'a Irnn
Phil) 60
..
OH
...
i
reot " ....
i bait) 10U
uoit) 95
•
•
85*
81*
8"*
85*
e»
44k
89*
Conlserourgoid
<fe
S.1I
Kl.
t
40
41
78*
71*
7
Tidieon El IU.. (Boat) 100
EleoCoof Am1l (Phil) 50
9:*
B*
*
B*
5*
96
1)5
49
36
115
41
8'*
13*
7^*
7^*
*
97*
lb*
7*
80
'7'*
•78* 80
.
'•k
166*
(•raenthaier ..(Boit)lOO
2
8k
'H
4k
6
Old Col Mining (Bost) 86
25
Oioeola Mining.
Palmetto Co.... (Phil) 85
ParrottS114Cop(Boit) 10
Penn Bleo Veh.( Phil) 50
"
50
Pref
50
Penniyl Salt... "
"
Peumyl 8teell
....
"
100
Prefl
"
Ph'la Co
60
4
if
"
"
85
9ant» Vnahel
"
5
ii*.
* •
45
"
Am
90
9*
1^
33
414 49
97
100
8
20
20
3
850
K*
Franklin Min'g.(Boat) 25
" 100 2B6*
General Elect..
- 100
Pret
" 100
Ind-Egyp Com
"
IntBut H &
10
IntSP&Dy nam (Phil) 50
Isly Royale1|..(Bu8t) 26
V;6
Manofao Rub.. (Phil) 60
"
Piet
60
17*
«6*
«4
28*
38
fc94
18*
!6*
25
20
;
...
3
Boiton Term'l 3*s. 1947
Boi UnGailit5i.'39 J4J
1989 J4J
3d M5i
Bar4 Mo RIt ex'pt 6i. J A.'
.
^
.....
.
•
• • •
•
•••
,
oouv5i. 10 J4j
Debentnre 5i. 1 9 1 3 A A<)
KCCA B lit5ig.'25 AAO
lilin Steel
C Ft SAO •'- Vi.'OS J All
K C F SAMoon Hi. '28M AN
K C M A B lit 4i..'34 MA.'
81
1
•
t
•
07
1918 MAN
Honda— Hiiltlmore.
Anaooctla 4 Pot
5s
Deb4s
Atl Coait L otfs 5s .JAD
Bait Beit 1st 5s. 1 09OM AN
.
lO^
{1)0
{187
{180
{.....
IC1
105
*•*•
J.....
31*
1
HM
•
•
1
• •
• •
•
• •
• •
•••
III!
1
•
• « •
'
1 I » • »
117
118
t<4
314
91*
U5*
08
2*
8.*
113
1
*•••••
48
US
1
1 • • I
*
188*
9* OcL
91H 840
Oct
860
11,8"7
8,886
16k Mar.
435
58
93
40
83
8,937
1,886
1.495
941
968
175
58
48
Sept.
1
Feb
li
78
16
Sept. 10
Jan. il
99
May
4* July
U
19
t.
18
E9 127* Jan
37 Se t.
38*
8*
*9i July
Way
3,301 26
2 8 118
Se t
8»" 3u* Feb.
470 as* Jan.
41
ivi
40
54
66
• -
8*
44
10* July
506
Jan. 18
Jan. 1C
4
Jan.
Sept t
17
55
Mar 30
75
Aug. 81
Sept. 17
•
VyBext7il01OAA
Ter lit 5s. 1926 JAU
BerK&BHrewlit6i'21J&J
Balli
CainbrlalroQ Hi.1017 JA
CheiADCanl*i-3i.'16.I*
8*
U4*
108
••
Ry(Ind)oon 5i.'3-
at 5s '41.
AAO
v*.-
84
1
94k
7i*
• • • »
119
34*
54*
113
03
58
•
1
109*
M 5l.'20 MA
KlcAWilm
lit Hi. 10 JA.
Ry
118
lie
4s.. 103
Lehigh NaT 4*i.. 14 O-J
1014 Q-r
RR4sg
QeuM4*ig. 1924 O-r
Leh VC'l lit5ig.'33JA.
Leh Val ext 4i. 1048 J Al
1010 Mir2d 7s
1923 JAD
Consol 6s
.'*!>
Annuity 61
Nat Aipualt 5*. 1051 JAJ
New'k Con Oai Si »5j»ii
Newark Pan oon 3i. 103i
NYPhtl4Norlst4s'30JA.'
IuOome4s...lO30 MAN
97*
97
•
Inoome 5s.... 2862 AAO
Bq 111 Oai-L lit g 5s.
Heitonv M A F oon 5s. '84
HA BTopoon5s.'25 A kO
1st 4s..'3H
Penn A Md
....
MAN
10O3JA
r.
.
.
117
107*
hS* 84"
'1*
106
0-*
108*
8
1
"
Steel out. 81
Steel lstSs. '17
AA<
PhABrgen M
Oen M 4ig..l9Jti A*'
Pb 4 Read 3d 5* '33 A40
M
7s. .1011
M Hi g...
4.
Con M of '82 4i.'3';
Con
110
1011
Bxtdnp M4ig.
,
as*
133
108*
105'
8d
lot*
in*
tie*
100*
to
io«" :07
0:
H7*
13J
lOrj
1
J4D 139*
JAD
aa
*>••
Termiual Si g.1041
JAJ
•
•••I
<
• • •
Bait 4*.
71*
• * •
las
• •
Roahoiter Ry oon 1*. 193
SobKBSldellt5ig'35JAl
SoranTrao lal ^I'iifiiw
iil'racPlUigeu5»'W"JA
WelibaobifSi 1930. JAI
•
•
•
•
•
•••
•••
•
•
••
109
Coliattruit 4i.l021
107
8d
95
130
187
v^
1W17AA
JA
Head Co gen 4i. 1907 J A
P Wll 4
1
MA>
People'! Tr tr certi 4s.'4
Phlia Bleo gold trust otf»
Trust oertfi 4i
Consol
197
Vat
10 1
PaA N
.
• •
110*
108*
lat7s.'05FAA
5g.'30
* 1
111
'A
;
YCan7i..'0rt J*l
1030 AAt
Cons 5s
1039 AA'
Cons 4s
8i* 88
1L6
114
120
lit
Bldlion Bleo 5i itktrotft
BlecA Peop'i Tr its tr ctf
115
Li.h.i uj»iM*i.4>»»'ii9
11*4 iii"
18.
1
Colum St Ry litoonSi.'S
Con Trao of N J lit5i..'3
Penn
no
95k 964
05* 96*
120
ChocAMem gt5<1949JAJ
ChoOOkAOgeu 5i'10Ja
DelABBk
Aab-
133
Aiphalt Co 5i tr otfil040
Atl City lit 5ig..'10 M&.N
SO
•
Apr. 18
Bid.
Consol Hue. ...1005 Va;
101v V».
Consol 5s r
90
I
Feb. 18
Jan.
8
Apr. 18
Mar. 8
Feb 18
June 30
Jan.
8
Pept. 5
8«J
80*
Va (State) 3i new.'32JAJ
Fund debt2-3i.l 091 )AJ
Weit N C oon Hi. 1914 JAJ
WeitVaCAPlit6g.'llJAJ
Wll 4 Weld 5I..1035 J41
Bonds— Philadelphia
Alle
a
99
48
•-,683
..
Aug.
5* Sept. 88
Jan.
8
79* Apr. 18
7* Jan. 3
8* Feb. 18
8,445
960
11
1
Jan.
Feb.
90
Mar.
* June
34* May 8
65* July It
i
k Apr. 18
Jan.
31*
63*
Jan. 18
Mar. 4
June 8
July It
May 88
i
184 Sdit
QenM7i
iais
1O6
2d lenei Hi.. 1011 Mac
Sdierlei Hi.. 1910 MAr
4th ler 3-4-5i.l031MAe
5th lerios 5s. 1036 MAt
8*
180
84
II
Penn gen 81
108
110
Bl Ui4i'4k).MAr
4
*
Jan.
No Penn
187* 188
8aTFlaAWeit5i'34A4(
Beaboard A L 4i 1950....
Heab A Roar. 5i.l02b JAJ
Inoome 4i 1040. ...JAI>
Mid lit 81.1006 MAt-
139* Jon* 18
4* Jane 18
91
Jane 18
Jan.
July 96
Apr. 9-1
.
1164
17*
I
June 18
413* Apr. 99
Jan. 21
Bent. IS
91
80
Indianapolis
104
HI
Vtrg
84*
836
BaitAA
lie*
Un Ry A
•
••>••><
NorthCent4*i.l025AAO
Hi 1004
JAJ
t
So.Bound
90
39* May
1,680 151
Clt'i'St
114*
'
Norfolk St 1st 5i '44. JAJ
Serlei
{
i9
i
89
Inoome 5i
& CA M Ry AB 5i.'2U AAO {107
KCBtJoACB7i.'07 J4J ,116
LRookAFBlit7i.'05J4. {106
MarHAOnt6i...'25 AAO 1118
Mex Cent 4ig.. 1911 J A.' 82*
3u
lit ocn Ibo 3i g non-oum
8d oon ino 3i non-cam..
Maryland Brewing Hi ..
MetSt(Waih)lil5i'35KA
New Orl Oas lst5i...Var
8erlei
Pitt Un
•••
.. ••
{
99
CllyASub(Waih)lit3i'48
07
98
ColAQruTl*t5-6.1017JAJ 120
123
Comoi Gai 6s. .1910 JAD 113* H3k
5i
1030 JAD 11B* 113*
A 5i 1026.... JAJ
B 5i 1028.... JAJ
Trao 5i.l007 JAJ
Potom Val lit 5i. 1 04 1 J AJ
8eoATTn(Pltti)5i'34JAD
118
*
98
* • • »
NewpNAOPlit5i'38MAN
9P*
l'v
{
Ext A Imp 61.1001 MAS
NoBaltDiv 5I.1043J&D 181* 123
ConT'rtlble5il0OHMAN 101
Ij8
Central Ry 6i.. .1012 JAJ
117'
Consol 5s.... 1033 MAN
Bxt A Imp 5s. 932MAS 118
Chai City RylitSi "23J AJ U5
110
Chai Ry O 4 Bl 5i '00 MAS
bl
03
CharlCAAext5i.l9C9iAJ
Maoon«Nlit4*i'90MAS
....
'.05
2
,
<
...
OaCar4Nlit5ig.l020JAJ
OeorgiaPlit5-6i 1022J4J
OaSoAFla lit 5|. 1043 JAJ
I£noxTTraolst5s'38A40
Lake R Bl litgu5i'42MAt-
190
Non-exempt 61. '18 J&J
Auk fundi*. 1910.1A.I • •
Cent Vt 1st 4i 19<!0..Q-K I ..... 89
....
VU Bur A v *• 1922 bo*.* «10l
Iowa Dit 41.1919 AA< } ....
113
Chloago J uno 5i. 1 9 1 5 J AJ j...
J
1
B<* Oa AAlalstpf5il04SA4O
69
i
J4J {107* 107*
MAN {108*
J4J
Seat Eleclst5sl«8JF«A ilOA
Iff
nuKLoii 1st 5i hub.
1
Weit Hud Bt 5i. .'02 MAN i .... 108
1014 Mlt {
4*1
2d 7i 1910
AAO
CltyAfeub lit5i.l022J&D
974
,
111
i
1
59
Beil Tel 4|.. 1908 J4.'
894
4i. '95 A4t' ,'112
a?
4i..lv)9B
Adjmtmeut g
;
{1(3
litmortes... ..1905
Rutland 1»t8l..'02
Rut-Can 1st «8 1949
1st 6s tunnel 19 11. .J&J
Bal Trao 1st 5».1929MAN
38
24
60*
«
• t
38
So
A40
•••••
1
1108
1
1
Jane 11
l'ji
BONDS
BaltCPailit5i.l911MAN 110
112*
Bait Fundg 51.1016 MAN 123*
Bxohange3*i.l930JAJ 110 110*
BaltAPliiBiml 1011AAO
• •
50
ttoudt- 60HOD,
CbANo M gu5i. 31MAN
»4 Chl4WMgen5i.'21 JAD
iab\ Curr't RW lit 5i.'27 AAO
DQR4W lit 4b. 48 AAO
36
Domln Coal littii.'ISMAc'
:«it'n nt M 6i g.'08 MAM
Ft ElkAM V lit Hi '33 end
Uuit'p'd lst8s.'33 AAO
38
1
6
')
47
«4
eM
1907
™H July
45
wb
Baltimore—Conolu'd
New Bng Tele Si.' 18 A40
4 Ch 1st 7S.1907 J4J
AtlG-Llghtl«5il917J4D
306
33
1937
Atl
"
A T48 Fgeng
8
•
ik
50
WluonaMlulng(Boit) 95
"
85
Wolverine M In.
Coal
• •
lOi
296
25
Weitm
rel
4
8i
1 • • •
6
1
4*
Tamarack Mln.(Boit) 81
Tidewater 8t. (Phil) 10
Pref
•
18
165
15
160
"
100
"
...
100
8H..(Phll)
5
UnCopLAM'g
*
*
85*
se*
'41
•••
....
t4
4
14
*
Etc. rlo
•Susquel
Ik
H
•
4
4
40*
k
lit 5i..
NYANBnglit^i.'OSJAJ
...
•
M
40
NBOaiAC
8i
9t4
06
PlantenCompT(Boit) 101
"
85
(Bait) 5(
United truit (Bost) .100
<i5
U 8 Mining .... "
" 4-8t
Utah Mining..
Warwick I 4 8. (Phil) 10
3
13*
67
SewBngQs4C 1 " ....
New Hav 14 8. (Phil) 5
UuKlLAPowpf
t%
64 NewHSngcongen5i'45JAJ
N B CotYarn 5i 1929FAA
6*
19
16
Apr. 98
May
83,649 11.'* 'Vt.
Aek
Boston— Couciaaed.
Bait, IOC
"
10C
vjainoy Mining.
Rhode III Mtn..
Bid.
13*
88*
88,977
916
8)1
386
.
BONDS
Ask.
Bid.
77*
148
I
.
4*
STOCKS -BONDS
MISCELI. —Oonolnded.
Seattle
)
1
made
O
.
94
89* May
8'
69 May
8<
Apr. 98
12* Jan.
94 l-16Jane4
1,169 12 8 -iejau.85 404 Jane 17
"7,688
19
Jan.
4 99 7-16May l
8)
Hit
^o* June 91
9k Jan. 8
6,690 34* Jan. 8
64* Sept.80
8,8*1 78* Jan.
4 i9»<*May
a
9
88 Jan.
99 M«y 1
ir
1,764 84* June
37 Jan.
a
m* Mar. 89
4,787 IB* Oct.
4
163 9«* Jan. 8
9 Apr. aa
.
.
7*
"
>
Apr. 18
July IT
Apr. 99
Apr 84
June 19
Apr. •
May 18
IM
1
8,00'
89,44'
,
"
Aoier. Agrlonl. Chemloal 1..
....100
"
...ioo
Preferred 1
American Alkali
(Phlla.)..... 50
"
Preferred, 910 paid
.... 50
American Sugar Refining 1. (Boiton).....100
"
Preferred!
...100
"
a mer. Telephone 4 Tel. Co..
...100
3b*
9. 308
4
98
114* 115
41
4 '
27
87
13* 13
2
Keb.
Jau.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
K
|
i
6*
94" 4 2
187 189
88
5(
6(
Calumet 4 Heola
"
... 85
95* Camb.Steel, *13U nald iects ' Phlla. ... 60
(Boston) ... 25
19* 90 Cei tentiiai Mining
mil... nrlmed U»6»* 63
ittaitj
...lou
98
(Phlla.) . ...100
26* Consol. Lake Superior
"
(•referred
. ...100
68* 69
44
(Boiton). ...100
44* Dominion Coal
"
Kne Telephone
. ...100
,.
'71
Leh lgh Coal 4 Narlgatlon. (Phlla. ... 50
71
"
5* 6* Marsden Col
> ...100
"
... 50
5k N Uonal Asphalt 1
9
PreferredT
9
... 50
New Bng. Cotton Tarn, pref. (Boiton:. ...100
"
184* 184* New Bngland Telephone....
. ...100
"
*
Old Dominion Copper 1...., i
.
6* 6* Philadelphia Bleo.f Spald.. (Phlla.).
(Boiton). ... 9o
95k 96 Tr.nlty Mining
114* 1 4k (imr.Hd Ga» ImproTBinentt. (Phlla.). ...50
United
Shoe
Machinery
( Boston)
« 4
... 95
91
97
Prelerred
... 85
"
United etatei Oil
... 95
»48
50
WelibaobCo
(Phlla.). ...100
71
Weitlngh.
Bleotrio
7^*
4 Mfg. (Boiton)
.... 50
"
Preferred
... 50
a 95 15-16 36 9-16 b 19 15-18 20*
1*4* 184*
974 39
at-*
July
81'
969
"
3d preferred
Air Line
(Bait.) ....100
"
....100
Preferred
....10(
( Boiton
»-5k Union Pacioo
"
8b
I'rtjforrod
,...100
97* Union Tractlon|$i7*'pai'd. (Phila.)!.... 50
(Bait.) .... BO
16* United Ry * Bloc. Oo
94
(Bun on) .... 5(
West Bnd Street.
9)
10
94
10
338
8,00
60
115*
'8* 114
15** 150
64t* 680
*
•#•••
•
f
"
....
Phil) 50
8M
41
"
86
81
.
OumbTeli'lel " 100 185
it
Dly-West Vl.i "
34*
Danv Bessemer. Phli) k
*
"
DeLong H & K
10
DUin State St.. " 10 '"a*
'k
Domln Coal pf. (Bost)lOO
119*
Eaaton Con
93* 36*
a0* 8'
63
83*
iB* 96
«'* 88*
44* 44k
St
....
....
....
86* Seaboard
I
364
20*
83*
85*
*8*
4»*
Jai,
|
5t
...
.
*66
Jan.
1
'89*
1
50
Phlla.'
(
j
k
S
654
Tomngton"A"(Boiti
» • *
•
"
850
otm.
* «. trust
Preferred Tr. oar if*
Fltohburg, pref
l.ehigh Valley
U7*
4
i
1
"
Preferred
titghtit
'48
190
May 18 ">0
14 '* Jau 1
tea
6 196
Jan
35
•
94
87* Jan. 9
73
....10t
....100
....10C
"
"
Stock Yds.
15-'- Heading Company
37* lit preferred
81
169k
07
360
8b*
.
v/u
835
Prei..
IIIK
4 R. "
MI8CBLLANBOU8.
or Naib
Cimb SD.exe:
H8*
'5*
,
Lowcil
891
6
194
6
i
.
Wis Cent, new.(Bost)100
.
181
TTeleolione
••••••
94
50
50
riS.(Phll)
WeitNY4Pa.
Pref.
IIPJb
113* 114
....10t
....10(
Mlaeellaneoua Stoeka.
(Boiton).....100
87* 89* Amalgamated Copper!
190*
118
Pref., assL.vd
"
QaBonth4
*
8
11.
Hangt of Haiti \n 1001.
76 35
....10t
paid..
full
(Boiton) ....100
(Pbila.) .... 60
86
Massachusetts Kleot. Cot. 7. (Boiton) ....100
"
...100
98
Preferred 1
"
84
Mexican Central
... 1 00
(Bait.) .... 50
99
Northern Central
(Boiton ....101
806k )ld Colony.
(Phila. .... 50
71* PennsyWanla
86
94
94
•98
91*
93*
80*
90
93
4 U
ano.
("boo. Okie.
38* "38*
•9S
dBrew ass'pd
'55
169
800
100
OonsoiTrPittit(Phll) SO
"
50
PreM
4
98
87k
aiked price.
».
t*
64
86
....*•
180
7 *
•58* 65
•99* 98*
89* 91*
98
99*
80* 81
94
9b*
88
86
RlTer....
Iron
9Sk
9N
13«* 184* 134*18
e*
4 Charlotteibalt) 100
10C
oi 4 Maine pf Boit)
"
100
Boston 4 ProT
oorn4Paaium " 100
Dom
i8
98
('bio. J
70*
*
9-<
64
27»*
.
94
99
94
Atl
ju,.oii
3«*
19.1
180*
83k 94
36* 8 W
9
xl)5
Amer. Raliwa
°entral
80
93
•71*
71
6*
RAILROADS.- Price*
..aei
•
84
159
640
4'* 41*
.
53
14i
7
14*
38*
168
688
161
159
• • • •
5a*
148
148
117
81
86
.
'!
7i*
•5*
117* 199
113* 118
1
INACTIVE STOCKS
•'•
130
7*7*
»6
16«
180
8O6V4
36* 96k
9
198* 19**
7
199
31
98
3
71
Blfl «i
,V««c jer
198
'168
35* SB*
e*
8c*
rt
193
157
ISO
84
650
94
135
9PM 99
7'
i,L.k,.
843
•••••
14
Oonn
943
8*4 9(«
8b*
8>* 88
6w
Ml'* "48*
8 * 87*
..
8i
4<* 44k
41* 4 *
7ik 7>k
6* 5*
"»V
71
87*
68k 63*
>5* 88
i\ 6k
86* se*
•18
(-6*
'89
t)86
94
186
.
843
1
84
16
•
10
29V
87*
CO*
94
199
78
...
6*
*
«16i*'82*
......
10
841
N
46
48
•
!
94
85* 18*
81* 8-"H
•68* e«*
Bn
»r*
«8* 6tf
46
43
818
Boston BleTated,
Hi ii ton 4 Lowell
843
193* Boiton 4 Maine
171
80'*
806* •aof*
7'* 79* 71* 78* 7 *
71* 78
80* t *
40 8- 6 w-'M
19*
87* 8-* 87 11-16 87 7-16 9-16 8i*
85* 86* we* 18-16 9S* 96* 34*
87
87
VUi 98* ae* *«4 9**
BC* 6"
80
BCi* 5*
4V*
60
97
97
f8* WK 9'k
97
9 k
87* 8H* 8«* »f* 8-* Sf* 87*
97* 97*.
37*
8-k 2'k 9794
»f*
IB*
6
16* 16*
15* 16*
A *
•93* 94*
04
94
94
94
93*
88* 90*
88
876
is
•»9
88
184
87k
•15",
9C* 93
163
11-18
87*
60*
98k
87*
87*
16M f*
••88), 94*
83
837
171
|fl
79*
M
3-:*
•88m
J
I
18
8
98
•8>-*
8C7
171
•43
«»k •90
•98
100
90«*4 806* 8T61,
81
B
957
8^
98
aee* 80"*
f»H 7*k
80
987
170
•143
16
Haiti
Hallread Nieeka.
( Boiton
Button A Albany
17i
8d* 84k
8f*
Oct. 4.
0<t. 3.
Yearly Record.
of the
Wtrk
SKarci
1 Indicates unlisted.
367
•n* 71*
84*
34Hi
Friday.
171
*
Oailw and
ACTIVE STOCKS.
957
836
64
148
2
Oct.
17
108
66
•189
•
WediuidaV TKuriday,
Ocf. I.
17
867
•IBB
171
rue«day,
Monday,
71.i
—A
Stocic fixcnanares
skare Prices Not Per i«nium Price*.
Saturday,
Sept.
dammore
and
-Joiion, Pniladeipnia
V
HE (1BHOMCI-K.
I
95*
n'k
.
•
•••
•
•••
•••1
'
lAud
-*k
• • 4
interest.
•Prloe lnoladei orerdue
upo
L3.
«
THR CATRON
716
I
CI/R.
[Vol. LXXIII.
Investment and Railroad Intelligence,
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The Qrst two columns of figures give the gross earnings lor the latest week r month, and the last two
columns the earnings for the period from July I to and including such latest week or month.
Tite return* of the street railwayi arc brought together separately on a subsequent page.
Notice € liuiiiic Our yearly totals now all date from July I.
i
July
latest Dross learnings
ROADS
Week
or
Month
1 to
Current
J'reetoUS
Current
Year
Year
Year
Latest Date
18,351
Ala it Southern. >d wksepi
June
Ala Midland
44,3.-3
71,062
.
Ala N
() .V
1
1,902
70,89-1
sh*
Ann Aidor
Ann Wa-h*
Hai.
AtchTop&S Fe.
Atlanta & bar..
Atl Know & No.
Atlanta &WPt..
i
Atl Coast Line...
Atl Va.d & West.
Austin * Northw
Bait* Ann
SI,..
* Ohio
wkSepi
wksepi
wkSept
30,000
13,000
16,000
10,000
14,000
32,321
29,702
3d wkSept
mly
5,527
7,759
AUgUBt
4,941,070 4,253,840
June
161.100
214,!) 17
August...
43,065
46,455
49,056
47,085
A gust...
576,478 509,862
August
17,536
22,199
May
20,422
12,830
9,382
10,439
lrtt
Vicksli'g let
r. int
Vickt-b
Halt
6,2 10
32,00(1
August
4,454,003 4,035,831
8outhw. <
108,965 107,901
Bangor * Aroost July
2,353
2,394
Bath & Hamiuon Inly
4,808
2,784
Belleloute Cent') August
3,62«
3,125
BridKt & Saco K.
51,757
65,273
Bruusw <feWe«t'u June
BuflfRoch& 1 t* 4tu wkSept 167,438 148.394
62,642
43,219
Buffalo *Susq... luly
Burl C Rap & No Jd wkSept 104,899 110,642
Canadian Pacific 4thwkSept 995,000 793,000
136,395 154,155
Cent'l of Georgia 3d wkSept
58,418
62,921
Cent'l New Eng.. August
1,574,597 1.572,490
Cent'lof N Jersej August
t
B& O
Central Paoirlc..
Pa & West
Charleston & Sav
Chattan SoulU'n.
Cent'l
Chesap
& Ohio...
Chio* Alton Ry.
Ch
c
Chio
Burl
<fc
Quin
& E Illinois.
Chi^Gt Western.
May
CbioRI*
123,975
Pao... August
Ch & St L. <d wkSept
Peoria* East'n jd wkSept
Clev Lor & wheel August
Colorado ASoudi August
390,699
CI Cin
ColNewb&Lau.
Col Sand * Hock
Cornwall & Leb..
50,.>61
212,105
471,114
10,843
24.425
35,746
83.888
345,100
24,750
68,068
50,735
14,477
194,451
July
•>d
wkSept
Cumberl d Val ey July.
Denver * Rio Gr IthvvkSept
Detroit Southern.
3dwa
Sept
Det * Mackinac. July
DulSoBbife Atl.. 3d wkSept
E st l, & Carond. August
Elgin J ol A East. Mate
Auauar
3,830,653
Erie
8,105
Evansv & Indian thwkSepi
38,823
Evansv * TH... 4thwksept
12,820
Find Ft W & W Aug st
184,298
Den v City August
Ft
7,939
Ft W*RioGr... 3d wk J'ne
It
•
W&
RR
Fla..
Gila Val G A N..
August...
DettfrH&M..
Great Nortb'n —
^d wkeept
Georgia
139,428
111,240
25,104
604,280
94,592
19,476
AUgUSt
August ..
Gr Trunk System 3d wk sept
Gr Tr & West'n d wkSept
Ga South*
8tPMinn*M.
East'nof Minn.
Montana Cent'l
Total system.
Southern
Ind Dec* West'n
Ind 111 & Iowa...
Int & Gt Nortb'n
Interoc(Mex)....
Illinois
Central....
Iron Railway
Kanawha & Mich
&M
K C Mem * Birrn
Kan City & N W.
Ft 8cott
Kan City Soutb'u
Lehigh * Hudson
Lehigh Val RR.
Leh ValCoa. Co.
Lexing * East'n.
Los Angel Term.
Lou Hen a st L..
Louisv * Nashv.
Bit m...
Includes
Month
154.431
388,153
7,759
9,70 1,57:
2,854,152
J
93,256
740,689
1,113,031
44,373
250,450
10.439
8,504,700
108,965
2,394
9,1 40
3,628
669,416
1,715,032
62,642
1,256,391
9.188,007
1,566,540
112,750
2,97:),334
2,1!)5,818
85,730
702,472
1,023,553
32.641
156,004
9,382
7,579,336
107,901
2,353
5,101
3,125
701,110
1,471,272
43,219
1,119,677
7,772.645
1,457,525
123,072
2,881,725
16,936,666
24,430
676,550
23,816
3,537,405
Mo Pac *
August
..
3d wfcHepi
August
4thwkSept
day
WkSept 14
2d wk Sent
4th wkSept
wkSept
3d wkSepi
Iron Mi 3d wkSept
.id
Central Branch 3d wk Sept
Total
3d wkSept
Mob Jack* KC. 4thwuSe.pt
Mobile* Ohio... Sep tew bet
Mont &Mex Gull August
Nash Ch * St l.o. August
Nevada Central..
N Y & Hud Riv August...
N Y Ont * West. August ...
.V Y Susq & West
Norfolk* West'n 3d wkSept
"on hern Central August ..
Xorth'n Paolfio.« 'd wkSept
Ohio River
3d wkJulj
Pacific Coast Co. July
Pacific Mail
April
Pennsylvania^...
Penn & North w'n
Pere Marquette..
Phila & Erie
Pbila Wilm &B..
Pittsb C C & St L
P.ttsb
West'n.
Pittsb CI
Tol
Pittsb Pa&F..
&
August...
Apiil
3d wkSept
July
AlUU-t
August
&
Total system... 3d wkSepi
Plant System— 1
Ala Midland.
Bruns * W'n.
Ohas&Sav...
Sav Fla & W.
364,958 234,320
3,343,434 2,881,721
>UgU8t...
12,333
12,160
April
51,965
53,410
140.436
\UgUSt
93,613
4th wa Sept 142,090 128,276
WkSept 14
71,700
74,420
4th wkSept
57,471
66,176
Augufct
4,648
6,717
3d wksept
19,844
15,627
630,603 432,401
144.379 126,037
May
27,197
26,735
August
416.278 361,877
\Ugll8t
40,126
36,028
August
2.445,738 2,313,919
,
.
August
July
March.
4th wk Aug
d wk Sept
1,779,025 1,813,505
31,497
28,848
15,301
10,589
24,725
17,209
August
541,860
7,884
527,700
8,172
Laming/
Ou rrent
Year
July
.
156,528
43, 892
90,800
14,840
81,297
130,133
6334,172
650,000
20,000
670,000
3,235
470,500
132,762
650,181
3.096
6,795,467
571,513
272,504
318,043
692,936
900,213
32,315
456,386
185,475
8,388,161
47,384
182.398
605,059
1,078,227
1,832,046
209,836
137,923
60,453
81,813
Date
J'revious
Current
I*revioxi$
Year
Year
Year
$
$
20,142
10,178
20,905
32 1,105 3,60
3,563
IO.057
9 19.774
819.099
162 933 1,771,831 1,850,907
56,210
596,506
576,079
849,000
894,600
82,500
156,655
152,582
14,388
906.653
772,133
73, 29
973,296
86,916 1,292,025
328.470 t 3,603,69 1 2,976,413
618,000 8,367,000 7,228,000
:S!)2,000
27,000
369,000
645,000 8,771,745 7,597,939
37,723
32,854
2,384
475,976 1,448,100 1,423,176
234,535
227,648
121,656
648,667 1,273,155 1.258,520
3,096
2,506
2,500
5,980,877 12,735,563 11,372,272
979,244
526,589 1.115,041
507,464
420,204
234,439
316,682 3,752,062 3,628,242
673,036 1,349,551 1,271,551
722,269 9,514,819 8,026,875
95,256
92,378
32,132
456,3*0
525,872
525,872
355,867 2,513,761 3,308.378
7,401,961 16,010,056 14,192,056
569.671
565,774
50,298
167,642 2,200,673 1,948,516
519,082
605,059
519.082
1,122,227 2,049.505 2,064,005
3,076,956
3.476,934
1,610,571
216,904 2,287.107 2,153.616
119,794 1,318,301 1,220.675
475,279
460,714
66,928
72,001
997,346
875,612
1
1
1
629,580
6002277
2,594,250 2,567,547 4,833,931
2,424,983 2,465,231 4,317,489
5.019,233 5,032,778 9,151,420
85,419
84.495
85,419
51,784
50,726
51,784
126,227
10.766
10.896
114,000
99,700 1,248,200
268,250
132,915 119,164
22,567
11,445
10,161
8,122
21,798
21,798
390,624 366,321 4,481,722
216,086 196,973 1,678,111
355,774
184,812 173,838
171,933
171,933
215,995
106.713 100,947
216,229
18.115
18,479
/629.580 /"600,277 /629.580
2,239,641
198,249
227,302
715,295
3,862
15,897
216,824
16,769
20.617
38.341
19,951
20,964
6,462
5,994
5,994
104,434
57.164
32,988
38,093
19,381
16,865
6,632,095 5,786,016 6,632,095
20,422
12,830
250,450
1,816,161 1,420,707 18,005,906
681.203 513,016 6,368,279
10,386
7,671
66.975
48,075
14,332
9,846
364,958 234,320 4.736,224
153,762 107,681 1.584,956
705,834 552,843 7,417,109
27,004
22,329
269,857
272,361 172,980 2,581,153
1,752,449 1,390,265 17,573,190
420,613 302,565 4,052,835
258,925 174,441 2,234,607
705,446 714,297 8,068.041
271,782
144,863 142,248
101,066
55,076
43,372
113,741
14,463
14,159
207,151
195,291 2,117,580
21,600
11,000
9,800
744,135
67,591
53,159
273,147
21,034
25,456
52,240
656,460
59,614
80,109
43,651
29,926
4,707,295
4,562,233
9,269,528
84,495
50,726
126,863
1,090,900
629,580
600,277
J
Reading Co.—
Phil* Read.... August
Coal* Ir Co.... August
Tot both Go's.. August
Rich Fr'ksb & P . July
Rio Grande Jet.. Jolv
Kio Grande So... 3d wkSept
RioGr'de West.. 3d wkSept
StJos&GrI, ,., August
St LKenVt&So. August
L & N Ark
L & San Fran
St
st
St
I,
Southwest
.
..
July
3d wkSept
4th wkSept
StL Van&TH.. August
San Ant & A P...
San Fran
P..
SFe Pres*Ph...
Sav Fla * West..
Seaboard Air L..
Sher Sbrev * So
&N
.
July
August
3d wkSept
July.
...
September
1st
wk May
SifSprsO&G...
C&
So
Gattxt...
So Haven* East.
Southern Ind
So Miss * Ark ...
August
July
August...
August
So Pacific Co b... July
Austin & No'n.
Cent Pacific
Gal Har & S A.
Gulf W. T. * P. day
Hous.E &iVT.
Hous.
&
Sbrev.
May
Hous &Tex Gen
Louis'a West... viay
&T
N YT&Mex.. May
May
Tex & Nurl
So Pac of Cal
So Pao of Ariz.
So Pac of N
Southern Railw'y
TerreH & Ind ...
Terre H & Peor..
Texas Central ...
.
M
.
4,736,224 3,632,436
6,519,186 5,518,611
23,376
21,429
591,677
565,007
272,404
187,095 Texas* Pacific.
1,057,717
W ..
984,074 TexS
784,900
Ohio Cent
798,970 Tol
585.749
563,947 Tol P & West
12,731
9,493 Tol StL*
226,054
193,652 Tor Ham &Butt°.
6,818,047 5,784,344 Onion Pac RR . )
2,0 12,002 1.703,433
Oteg RR * N >
365,:;!) 1
360,540
Oreg Sh Line. J
767,900
715,811
70,368
79.086
Jersey & Sea e
4,556,593 4,344,025
VGen* Pitt..
3,204,334 3,517,721 Western of Ala
31,497
28,848 Wheel &
128,104
91,612 Wisconsin Cent..
121.170
109.422 •'vrightnv & T'n..
6,442,705 5,762,676 Yazoo & Miss V.
16,471
15,123
directly operated east of Pittsburg.
1
498,51!)
1 to J .atett
f
Oc & G..
8
Sil
8.135
288.57
July
•
Morgan's L
§ Covers results on lines
f Includes C hesapeahe
<t
330,588
161,911
August
2,455,660 1,862,996 4,515,848 3,586,395
August
496,707 372,772
960,236
739,028
August
164,930 177,787
320,772
351,979
August
3.117,297 2,413,555 5,796,856 4,677,402
Itbwkdept 112,311
93,854 1,339,232 1,165,378
Hocking Valley..
Hous & Tex Cent May
Illinois Central.. AUgUSt
Macon*
615.483
1,021,923
232,767
208.038
2,600,976 5,787,531 4,899,904
974.307 1,966,558 1,707,732
363,260
320,158
29,368
*770,673
*S9,715 M.210,003
86,065 1,215,748 1,093,133
31,222
360,260
329,024
365,721 4,507,655 3,909,748
47,183
589,288
484,147
189,497
428,873
359,299
935,086
404,986
796,020
10,843
11,762
11,762
306,016
20,931
243,291
22.058
35,740
22,058
83,011
83,888
83,011
296,500 3,159,511 2,990,453
24,567
270,082
240,271
73,744
68,068
73,744
53,349
658.666
652,637
13,531
26,525
25,254
158,048 1,483,362 1,432,497
3,484,272 7,353.346 6,699,280
9o,271
",023
90,626
36,107
398,232
370,689
11.380
23,802
19,872
164,353
350,444
307,387
6,721
649,695
471,098
127,520
267,516
249,954
215,401
95,047
194,049
30,758
52,143
66,807
563.383 6,845,136 6,364,574
77,914
840,448
829,029
22,089
245,705
232,793
2,996,673
Week
or
16,210 Manlstiqun
442,749 [Mexican Centra'
949,651 Mexican .nteru'l
[Mexican Nat'l..
320,457 Mexican Norih'n
124,019 [Mexican Ry
107,933 Mexican South'i,
349,463 Minneap * St L.
5,527 M St P <te 8 St M.
7,950,891 Mo Kan & Texa*
117,864
1,119,321
Chio 8t P M & O. August
31,799
Chio Term TrRK 3d wkSept
Choc Okl & Gulf. >d wuSept *91,046
95,498
Cln N O & T Pao. 3d wksept
33.735
On Ports m & Va
K
S.351
1,816,161 1,420,707 18,005,906
24,002
2,403
2,386
53,801
49,452
750,018
1,627
2,126
21,798
3d wkSept
ad wkSept 338,619 324,864 3,868,832
August
850.618 865,104 1,678,276 1,616,701
August
4,979,672 4,545,718 9,460,462 8,453,016
3d wk Sept 127,049 125,701 1,357,841 1,220,684
ithwkSept 187,783 171,189 1,980,209 1,792.313
3d wkSept
92,358
84,259 1,079,427
920,838
•1 bwkSepi 1,287,456 1,211,011 11,706,588 10,543,479
August
4,298,425 3,928,360 8,183,076 7,509,923
Chic Ind &L'v...
Chio Milw & St P
Chic* North W'n
Chio Peo * St L > August
St L Ch * St P J
Iowa
1
,i'v- Pao June.
NO&No Bast.
Ala*
1
Year
Latent dross
BOADS
$
$
July
Previous
V&N
&
W
W
W
LE
*
.
May
May
3d wkSept
August
August
..
3d wkSept
d w Sept
August
4thwkSept
3d wkSept
4thwkSept
August
228,630
19,065
8,122
3.789,029
1,500,619
333,192
........
204,573
208,306
* 600,277
2,022,109
354,425
281,602
39,353'
6,462
60,965
35.186
5,786,016
156,004
16,936,666
5,757,303
3,632,436
1,244,109
6,559,522
277,345
1.739,901
16,121,210
3,435,990
1,845,002
7,557,372
266,949
82,751
97,685
1,785,191
18,600
635,964
276,60*
523,597
61,562
,
August... 4,123,595 3,891,161
ithwkSept
August ...
August
.June
-eptember
4tb wkSept
July
August
524,595
651,150
105,784
57,832
300,736
144,000
8,198
417,168
8,072,288
7,484,265
513,120 4,900,002 4,492,993
614,450 1,129,231 1.080,031
191,209
208,876
95,563
739,745
821,088
54,045
743,741
899,446
255,884
135,900 1,566.850 1,411,307
11,373
8,198
11,373
673,323
827,473
356,612
Figures from August 1 are for the railroad only.
years.
\ Mexican currency.
& Ohio S-outhweetem. Ohio Valley and Chicago aud Texas lor both
Padmah & Memphis Division from July 1 in both years.
b Includes the Houston * Texas Central and its subsidiary lines. Earnings oi the Cromwell Steamship Line, not previously reported, are
D ow also included.
c Results on Montgomery Division are ineluded in both years.
(I Includes St. Paul & Duluth tor both years,
e Includes results on Sher. Sbrev.
Southern. Mo Midland and San Autonio extension for this year, but not for last year.
f These figures
are tne results on the Ala. Midland, Brunswick & Western, Charleston
& Savannah, Savannah Fla. & West'n and Silver Springs Ooala & Gulf.
&
October
r,
IHE CHRONTCLE.
1901.
(
Totals for Fiscal Year.
In the full page statement on the preceding page we show
the gross earnings of all roads fur the period from July 1,
that being now the beginning of the fiscal year of the great
There are, however, some road-< that
majority ot the roads
These with their dates are
still have thor own fiscal years.
brought together in the following.
.nee a month in these columns, and the latest statement of
his kind will be found in the CHBOVIOLI of Sept, 21,
The next will appear in the issue of Oct l'J, 1901.
1901.
Gross
Period.
Roads.
Current
Previous
Year
Tear.
* Ch<rlott<j Air Line.
Bellefonte Central
Burlington Cedar Rnp. A No.
Atlanta
New
Jersey
Chicago A North- Western....
Chloairo Rook Island A Pao..
Ohio. St. P. Minn. A Omaha..
Central of
Choctaw Oklahoma * Gulf..
Cumberland Valley
Duluth South Hho. A Atlantic
East 8t Louis A ''arondelet.
Worth A Denver City
Gila Valley Glohe A North'n.
International A Gt. North'n
LehlKh Valley RR
Lehlirb Valley Coal
ft.
Manlsrtque
Central
Mexican
Mexican
Mexican
Mexican
Mexican
International
National
Railway
Southern
Missouri Pacttlc
Central Branch
Total
Monterey A Mexican Gulf
Northern Central
Ohio River
Paolflo Mall
Pennsylvania
Pennsylvania A Northwes'n.
Pere Marquette
Philadelphia A Erie
Phlla wllm'g'n A Baltimore.
Pitts Clncln. Chlo. A 8t. L...
Rio Grande J unotlon
Bt L. Vandalla A Terre H....
South Haven
A
Eamxngx.
Eastern
South. Missouri A Arkansas..
Terre Haute A Indianapolis..
Terre Haute A reorla...
Texas A Pacific
West Jersey A Seashore
Apr. 1 to Juno
64V92
31.637
Jan. 1 to Auk. 3
Jan. 1 to Sept 21 3,612.327
31
11 072,9 1
Jan. 1 to Aug.
J'ine 1 to Aug. 31 12.0' 6,178
Apr. 1 to Aug. 31 12,111.790
Jan. 1 to Auk. »1 6,79 1,« 5
Nov. 1 to Sept. 21 4.364,433
5"9.2Wf>
Jan. 1 to July 'i
Jan. 1 to Sept. 21 1,827.190
105.4»^
Jan. 1 to Aug. 31
1,371 27
Jan. 1 to Aug. 31
926 ««'
Jan, 1 to Auk 31
Jan. 1 to Sept. ?o 3 258.331
Deo. 1 to Aug. 31 20,032 1*0
Dee. 1 to Aug. 31 15,925 329
78 97.*
Jan.
to Aug. 31
to Sept. 21 12 471,0-0
Jan.
38-9911
to Aug. 31
Jan.
to Sept 30 5.698.:- 08
Jan.
3 054 100
Jan.
to Sept. 14
404,468
Apr.
to Sept 14
Jan. 1 to Sept. 21 24,305 tf5>
21
983.437
Jan. 1 to Sept
Jan. 1 to Sept 21 25,618 696
909,434
Jan, 1 to Aug. 31
Jan. 1 to Aug. 31 5,300,34*
753,104
Jan. 1 to July 23
May lto Apr. 30 3,071,166
Jan, 1 to Aug. 31 60.84.0,667
225,526
Jan. lto Apr. 30
Jan. lto Sept 21 6 464,339
Jan. lto July 31 3.58».77.ft
Nov. lto Aug. 31 9,727,778
Jan. lto Aug. 3' 13 227,991
351,975
Deo. lto July 31
Nov. 1 to Aug. 31 1,667,.' 09
30,515
Jan. lto July 31
141.569
Aug. 31
Jan.
Aug. 31 1,287.832
Nov.
Aug. 31
456.738
Nov.
Sept 2
7 665 050
Jan.
Aug. 31 2.621,883
Jan.
=
513,339
29.070
3 357,371
10271.31ft
11
1"8 096
"0,457.181
6 209,4 ">3
2.861,449
549.917
1.894 9 <3
10«,57«
1,035,-80
259
6'
2,797,535
'8 553.682
13,860,053
85,098
12.543,«98
3 491,125
5.911.133
3.255 500
401.267
21,020 196
977.311
22,295.999
925, 3 5<>
5 071,545
799,624
3.817.620
55,013 367
227,045
5.792,360
3.153,591
9 414,378
12 460,471
334,985
1,5b7.P15
26 981
116 3^5
1,3 23.793
393,237
5 834,162
2,441,183
—
Latest Gross Earnings by Week?. In the table which
we sum up separately the earnings for the latest
week. The table covers the fourth week of September and
shows 11-01 per cent increase in the aggregate over the same
follows
week
last year.
Eammui.
Ourrent
Tear.
RoadB.
Alabama Gt.So'th.n Aug.
July
'Latest Grog*
717
1
to Aug.
Atlantlo Coast
31...
L a Aug.
July 1 to Aug. 31
anartianPaolne.u Aug.
July I to Aug. 3i...
Cent of Georgia a Aug.
July 1 to Aug. 31
•
200,720
382,595
576,478
1,114,031
3,118,551
5,970007
598,039
1,168.055
Ohio. Kurl.AQnui bAiig. 4,979,672
July lto Aug. 31... 9,460,462
525,317
Ohio. A East. III. h. Aug.
995,379
July 1 to Aug. 31....
Ohio. M. ASt. P.a..Aug. 3 964.056
July lto Aug. 31 ... 7,546,096
2,996,673
3hlo. R I.APac.a. Aug.
Apr. lto Aug. 81.... 19,111,701
Cl.Cln.Chlp.ASt.L.aAug. 1,729,193
July 1 to Aug. 31.... 3,325,388
228,749
PernaAEasfn a Aug.
433,304
July 1 to Aug. 31....
471,114
Oaloi'ao ASouth.b Aug.
935,686
July 1 to Aug. 31 ...
184,298
Pt.W & Den. CI' v.. Aug.
Jan. 1 to Aug. 31.... 1,371,275
111,240
4a. South. A Fla.a.Aug.
215,401
July 1 to Aug. 3i....
BlluVtl.GlobeAN o.Aug.
25,104
52,143
July 1 to Aug. 31....
140,436
Indiana 111. A la. b. Aug.
272,404
July lto Aug. 3l....
Aug.
206,011
owa Central b
383,188
July 1 to Aug. 31....
8«,391
tanawha A Miob.a. Aug.
166,655
July 1 to Aug. 81....
416.278
Kan. City South ..aAug.
767.900
July lto Aug. 31....
Umlsv. A Nasbv.fc Aug. 2,435,640
July I to Aug. 81.... 4,747,050
Mexioan Central.. Aug. 1.301.222
Jan. 1 to Aug. 3i.. 11,544,014
498.549
Blex. International Am
Jan. 1 to Aug. 31 ... 3,879,911
307,717
Minn. A St. Louls.a.Aug.
105.118
July lto Aug. 3i...
482,589
M.St. P. AS. 8. M.b Aug.
928,508
July lto Aug. 31....
650.181
Nash (h. A St. L.I... Aug.
July lto Aug. 81.... 1,273,155
Horfoik AWest'n.a.Aug. 1,437,512
July lto Aug. 31 ... 2,775,119
692,936
Sorthern Central. b.Aug.
Jan. 1 to Aug. 3i.... 5,300,345
.
.
Previou§
Tear.
*
Net Earnings.
Current
Previous
Tear.
Tear.
•
172.484
123,109
I
•
49.847
>,£04
106.325
168
17.138
509. *62
1,023.553
210 011
300,432
2.637,983
5,109,153
1.305 83
2,401,499
1,054.475
497,276
156. 4-7
1.020.3CO
4,545,719
8,453016
459,9*0
867,611
3,594,690
6,815,017
2.600,977
10.457,182
1,449,939
2,812,584
171,728
342,598
404,986
796,020
164,353
l,03o,780
95.047
194,040
£0758
66,807
93.613
187,095
194,167
358,117
75,445
148,849
361,877
715,810
2,190.795
4,244,517
1,290.429
11,609.424
410,057
3,491,125
246.388
497,684
348,111
706,978
648,667
1,258,520
1.403,808
2,680.477
673,036
5,071,545
165. 'J85
.
1
-.849
128,
298.210
282,105
2,141,720 1 8«2,518
3,860,772 3,199.971
236.173
178.570
447.846
332,424
1.454,615 1,368,170
2.811.902 2,514,260
1.333,751 1.140,475
4,127,412 3,415,273
519,324
388,601
996,807
744.850
52.467
44,468
100,641
85,943
124,937
97.139
239,016
187,661
58,218
49.819
359,3*1
218,579
35,437
25,522
65,549
54,231
8,769
15. 55
24,426
37,274
52,194
31,145
107,031
66,086
35,371
28,166
72.421
46,517
16.303
26,991
30.632
39,755
54.382
113,776
184.962
97,654
743.181
723,278
1,290,169 1,414,963
203,260
230,497
3,105,017 3,578,488
140.600
189.609
1,715,657 1.3t9 941
106,314
139,661
195,335
259,724
240,339
118,959
241,616
444,260
202,590
226,390
443,619
379,752
567,764
622,309
1,167.594 1,046,797
229,776
216,576
1,440,692 1,365.092
Pennsylvaniailh.
week of September.
1901.
1900.
Increase.
Decrease.
Lines directly operated
East of Pitts. A E.Aug. 8.388,161 7,401.961 3,468,815 2.832,315
60,840,667 55,013,367 20.830,296 17.290,196
Jan. 1 to Aug. 3i
244.500
Ino.
822,600
Inc.
W est Of Pitts. « E. Aug.
Ino. 1,675,700
Ino. 2,647,000
Jan. 1 to Aug. 81....
422,036
420,826
Phll.WUm. A Balt.bAug. 1,078,227 1.122,227
Nov. 1 to Aug. 31.... 9,727,778 9,414,378 3,010,819 2,863,819
44,030
45,893
119,164
132,915
8t. Jos. A Gd. Isi a Aug.
79,263
98,389
228,630
268,250
July 1 to Aug. 31....
470,733
410,490
857.803
St.LouieA8an H to.. Aug. 1,063,849
705,121
934.354
2,070,199 1,570,236
July 1 to Aug. 3i
73,326
32<,966
774,834
923,698
Seaboard Air Line aAug.
276,720
668,716
l,79a,487 1,598.958
July 1 to Aug. 3i
886,317
940.460
Southern Rallw'v a Aug. 3,053,976 2,850,841
July 1 to Aug. cl .. 5,952,399 5,526,704 1,662.485 l,547,8e9
59.171
73,412
225,442
Coleno AO.Cem.a Aug.
265,630
118,562
147,746
436,693
516,342
July 1 to Aug. 31....
OdIob Pacific
a Aug. 4,123,595 3,891,161 1.928.507 1,677,301
8.072,288 7,4b 4,2 65 3.826,2-5 3.272,896
July 1 to Aug. 3i
476,824
525600
Wabash. b
Aug. 1,686,379 1.527,319
827,533
948.6. .4
July 1 to Aug. bl.... 3,238,719 2,877,423
300.261
320,561
614,450
651.150
W.Jeisey A Sensn t Aug.
762.255
762,855
2,641,883 2,481,183
Jan. 1 to Aug. 3i
200.140
201,7
26
505,463
521,197
Central
b
Wisconsin
June
5.324,274 5,63\416 1,857.811 2,056 4-?0
July 1 to June
181,528
214 343
490,»18
549,30
Aug.
314,099
419.104
941,123
July 1 to Aug. 31.... 1,077,628
a iiol earning* aere given are alter deduoting taxes.
b Net earnings here given are before deduoting taxes
.
Buffalo Roch.
$
& Pittsb'g
167,438
995,000
187,783
Canadian Paolflo
Chicago Grent Western.
& St. Paul.
Rio urande.
Chicago Milw.
Denver
&
1,287,456
345, 10<
35,361
8,105
38,823
112,311
Detroit Southern
Evansv. & Inolanapolis.
Evansv. A Terre Haute
Hooking Valley
Int. & Great Northern
Iowa Central
Mexioan National
Minneapolis A S Louis.
Mob. Jackson A K. City.
St. Loiis Southwestern..
Toledo A Ohio Central..
Tol 8t. L. A West
.
Wabash
Wisconsin Ces tral
Total (19 roads)
Net increase (11*01
296,ft00
27,664
8,023
36,107
93 854
12*,276
6«, 76
162.9«3
73,429
2,384
196,^73
53.159
90
57,471
156.52S
8i,2w7
3,235
216,0*6
67,591
59,614
524,5^5
144,000
513, '20
I? 5 90"
4,629,884
4,170,382
142.'
.
148,394
793.000
171,189
1,211,011
19,044
202, 00
16.594
76,445
48,600
7,697
82
2,716
18,457
13,814
8,705
6,455
1
52,24<»
p. o.)
—
7,868
851
19,113
14,432
7.374
11,475
8,100
474,662
459,502
15,160
—
•
For the third week of September our final statement covers
56 roads, and shows 6 29 per cent increase in the aggregate
-
over the same week last year.
3d wet k of September.
Previously rep'd (4 5 r'ds)
Chattanooga Southern..
Choc Okla A Gulf
Clev. Uln Onlo A St L..
P
orla
A
E-i-tern.
8andm-ky A Hock'g.
Duluth So. SU-Ttt A All..
Northern Paclflo
Col.
Pere Marquette.
Pittsburgh A Western.
Santa Fe Pres. A Phoenix
Texas Central
Total ( 6 reads)
Net inorea-e (6'29
1901.
1900.
$
$
8,846,257
1,627
91,046
390,> 99
50,361
24,426
50,735
900,213
189,398
81,813
1&.479
14,463
8,468,531
2,126
69,715
36^,721
47,183
20,931
53,349
484,933
722,269
167,642
177,°4i
14,756
9,812
364
72,001
18,115
14,159
10,652,516 10,021,742
p.o.)..
Increase.
Decrease.
$
107,207
499
Interest Charges and Snrplns.—The following roads, In
addition to their gross and net earnings given in the foregoing, also report charges for interest, dfco., with the surplui
Above or deficit below those charges.
21,331
,
24,978
3,. 78
3,494
2,614
.
Current
Tear.
Tear.
9
9
Tear.
9
1,341.720
797,261
800 COO
Burl.AQulnov Aug.
July lto Aug. 3 1.... 1,600,000 1,594,521 2,260.7 72
132,822
<s E. Illinois.. Aug.
265,233
July lto Aug. 3i....
31,000
Ohlc K iBI.APac.Aug.
Apr. lto Aug. 31.... 1,595,000
235.367
lex. in.Uh<*M L.Aug.
469,802
July lto Aug. 31....
3»,b88
Peoria A Easieru. Aug.
67,3?6
July 1 to Aug. oi ...
24,151
ind. 111. AIow» ... Aug.
47,8V
July i to Aug. 3
10 2 8 2
BlanawhaAMiob.. Aug.
21,743
July 1 to Aug. bl....
Uhl«
110,320
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
— Bal. of Net Barn's.-*
Previous
Ohio.
304
74l,09<
630,77 4
Roads.
Int., rental*, etc.
Current
131.410
261,866
316,972
1,684,985
J**.**'
480,748
33
,I£°,
67,500
*\<\ 01
42,3blt
}?'$%t
21,275
Previous
Tear.
9
1.08\257
1,605.450
•54,053
•108.865
•lo3.426
•232,247
> 3.503
1,014,751
2,532.412 1,830,288
147,354
388.9 >7
264,102
527,005
10,718
18.779
18,443
33,203
10.038
28,013
23,725
59.1*1
6,231
16,559
10,490
19,lCl
THB CHRONICLE.
718
Int.,rentals,
,
Road*.
ashv Chat. A 8t. L.Aug.
July 1 to Aug. 31 ...
Norfolk A West'n.. Aug.
to Aug. 81....
July
Bt. Jos AGr. Isl tt..Aug.
July 1 to Aug. 31....
,
Tolen..
AOhloOen..Aug.
^-Bal.ofNet Earn's.Previous
Current
>
Previous
Tear.
9
152, ,il0
Tear.
305,020
192,162
384.323
8.7P0
17,500
41.515
79.714
143.975
I
etc.
Ourrent
Tear.
Tear.
9
9
160.326
323.652
187,650
375,300
8,750
»
66.084
119,! 67
380,1'4
67i,497
35,2*0
61.763
50,080
74,732
430 147
783,271
37,148
80.899
'32.103
*68,P68
*64.941
*2«6.117
'74.880
^137,198
17,5*
34,776
66,871
182.892
1,571.843
July 1 to Aug. 81 ...
Wlaoonsln Central. June
1,632,614
July 1 to June 30
133.8i>5
139,503
Aug.
271,169
281,986
July 1 to Aug. 31....
* Alter allowing for other lnoome reoelved.
24,39t\
*51.708
*67,473
*492.915
'49,. 61
*76,0»6
LVol.
Mtrefli Kullway Net Earnings.— The following table give*
thereturnsof Street railway gross and net earn injrs received
this week.
In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
th»t «ft ft, hut once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
n the Chronicle of Sep^mber 21. 1901, The next will appear in the issue of October 19, 1901.
Oross Earnings.—*
Net Earnings.—*
—
•
Current
—
two months
to
Augnst
31.
,
August.
1900.
1901.
$
Gross earnings
Operating expenses
1 to
Aug. 31.—
1:00.
1901.
$
ft
9
3.529,046 2.889.925 6.634.222
1.743.299 1.427.690 3,335.087
5.8 02,433
8.299, 85
2,r<13.1<>3
1,785.747
Net earnings.
Taxes, rentals,l)et'm'tB,&o 411.641
1,4*2,235
355,326
2,88^.330
830.556
685.676
1,107,009
2.468,629
1,927,427
46,774
65.798
87.303
123.229
1,420,980
31,676
1,172,807
3o,987
2,555.932
54.881
2.050.««6
1,452,556
1,203,794
2,610.813
2,l03,b0<*
Net operating lnoome. 1,874,106
Mlscellai eous income, not
IniludiDK land sales
Net income —
Main system
Proprietary lines
——
Total
,^^-July
53.2=»2
Previous
Current
Tear.
Tear.
9
9
Tear.
9
1,223
8.307
Roads.
Chagrin Falls AE... Aug.
to Aug. 31
Jan.
..
Ohio As Mllw Kino Aug.
24,042
July 1 to Aug. 31 ...
47.501
CI. ACfcag. F. El --..Aug.
4,621
Jan. 1 to Aug. ol
28,844
(ntem'l Tr. (B'tt ). Aug.
660,402
July 1 to Aug. 31
1,168,008
liODd'i 8t.Ry.« Bo.iAug.
16,260
Jan. 1 to Aug. 3 1
91,676
Olean Street Rv
Aug.
6,152
July 1 to Aug. 31 ..
12.106
Toledo Rways A Lt Aug.
125, -91
July . to Aug. 31
245,504
I
Northern Pacific. We give below the gross and net
earnings, etc, of the Northern Pacific for Augnst and the
St.
Paul
& Doluth Included
The following table shows the gro8* earnings for the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of tht
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for ht
latest week or month, and the last two columns the earning*
for the calendar year from January 1 to and Including such
latest week or month
STREET RAILWAYS AND TRACTION COMPANIES.
20.702
39,080
16,563
32,333
Latest Gross Earnings.
Jan. 1
to
Latest Date
Earnings.
Week orMo °"r'"> Prev'us
American R'ys. Co.
Binghamton RR
Tear.
Tear.
PI, 176
81,813
19.^40
Current
Previoui
Tear.
Tear.
»
9
August
August
ft
B'-'hlyn Rap.Tr. Co.
Chagrin Falls & East.
OuiuaKo A Mil. Eleo.
Oln Newp. ACov...
Ottv El no. Rome.Ga.
Cl.&Chag'n F'sEIec
Ul«v«iaun Electric
21,490
July
1,203,761
1,2-3
August
1,115.189
Hit/
557,94*>
134.660
521 295
121 935
7.167,001 6,993,344
8,307
24,04<! 20.702
9*,Vo7
August
11, 963
76.6.0 72,704
461.25!
July
442,642
3.874
July
3,447
24.139
22,65i
4,62i
August
28,844
209.462 182.940 1.474.082 1,330.59
August
27 30
158.56',
Cleve. Ely A West... August ..
7,751
1 2,186
20.771
Cleve. rainev. A E.. August
16 838
105.36
91.689
2HC.384 240,935 1,9>>7.58<J 1,862,605
Consol Trao. (Pitts.. August
17,?v56 13,887
Dart. A WportSt.Rj August
82.205
70.625
142,390 124.7/8 9f0,8r»2
Denver City Tram..
August
847,01>13,449
Det. Rood. Ro.AL.O August...
8,^68
71.217
38.U3
Detroit United
3d wkHept 58,609 51.71 2,028,416 1,807,493
6,552
Rapid Railway
3d wkS*pt
6,583
Total
3d wk Sept 65,161 58,298
Dulnth Snp. Tract. (
41.469 41,965 295,7 90
August
Dulnth bt. Ry
S
l:?.766
Galveston City
4lU'll-t
42,02b 35,977 257,272 231,782
Harrlsb urg Traction August
i
i
.
1
inteinat'l fraotion(Buffalo)
Lehigh Traction
Aogusl
August.
London St. Ry.(Can.>
Aiuut-t.
660,402 273,166 2 ,7^3,96 7 1.736,027
12.287 11,743
85,c63
76.409
16 260 12 9r
91,b'(t>
73,594
1
Loral* & Cleveland July....
Mad.fWls.) Elect. Ry August.
Mums. Eleo. Co.'b
August.
Montreal Street Ry
Mnsoatlne St. Ry...
lv:.d7t
August.
August.
June ...
St. Ry
New Castle Traction August
New London St. Ry July....
:
Newburg
Northern Ohio Tract
Ogdensburg St. Ry.
Olean St. Ry
Philadelphia Comp';
August.
June
August.
August.
Pottsv'e Union Trac. July....
Railways Co.Gen.—
Roads
August
Light Go's
August
Richmond Traction. August.
Sacramento Electrlt
Gas & Ry
August.
AUgUSt.
St. Louis Transit
Bcranton Railway.
August
Sioux City Tract.... August.
Southern Ohio Tract August.
Taconua Ry. A Power August.
Toledo Rys & Light. August.
Toronto Ry...
August.
Twin City Rap. Tran August.
Union (N. Bedford)
August.
Union Traction Co
i
.
i
(Anderson, Ind).. May
United Traction— )
Albany City ] August.
United Tract. (Pitts.) August
United Tract. (Prov. August.
Wil.&New CastleElc o August.
!
j
I
S
i
menu
|
!
1
1,90c
K.132
6 775
7( 5 309 661 107 ;
179.587 173 58*]!
6,184
5,978
10.^36
9.8214.4H9 16,3971
11 666 10.3.2
67 693 57,954
2.257
2,140
6.1 r'2
6,417
172.63W 126 lsn[2
19,122 17,005
1.868
7.943
273.156
514,713
12.964
73.594
6.417
11,632
108.730
213,745
Int. .rentals, etc.
26,57*
27,136
1,574
1,523
21 984
18 13;
929,7 1* 3.765,983
2 3.0 9 1,18>,9«4
46,688
44.401
41.78.1
40,-10
8 ".99^
95,7o7
37,153)
32,347
3y0.696 325.177
8,598,977
35,859
34.6>3
053,949' 1,691.52*
95,42c
79,655
Roads
Interuat'lTr.(B"ft)Aug.
July 1 to Aug. 81....
34.865 29 601
267.96J
509.048 + W0.771 3.801,409 2
63, 63 r7 fc4
438, 4"5
20,944 18,-lh
3-, 406
39.915 30 201
2.8,736
45,715 25.193 246.404
125,491 108,' 30 839,671
153. 481 138.92: 1,017,892
283,5-9 254 7o6| 2.031 77 I
33,106 28,710j 184,037)
240.150
6^7,716
402,t>9o
l
188,656
186,664
276 234
6913
5.104
18,580
8,955
7,154
52,197
103,442
.
^ Bat. of Net Earn'?.—*
Current
Previous
Tear.
9
*32<\014
Tear.
9
'89,102
•lc6,475
'517,877
Annual Reports.— The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors'
and Street Railway Supplements.
This index does not include reports in to-day's Chronicle.
RAILROADS, Etc.—
Alabama Great Southern
Page.
443
Amerlfau Agricultural Chemical.. 6 4
American Linseed
662
American Shipbuilding
390
American Smelling & Refining .. 55^
Ann Aroor
442,493
Amer. Hide & Leather.. bal. sheet,
493
June 29, i»ui
Archison T'peka & Santa Fe
659
Boston Klecinc L,ignt
BostnuAi Maine
Buffalo Roch. a Pitts
4-3
335
.-
335, 3t7
608, 619
Buffalo & Susquehanna
Calumet & Hccla Miniug
Z35
Canadian Pacific.
335,551, 5 6
f ;i)esapea"e&ohio
65ii.
77
8 h
Chicago Burl. & (Juiucy
•
Cnitago Ik Kasiern Illinois 2^6,65?. 860
Chicago Oreat Wes'ern
493, 551, 56>
&
Chic. Inn.
Louisville
hi
Chicago Mi w. & -«t. Paul
Chicago & Nun hwestern
Cleve.
Cm.
Chic.
&
St.
550,
2»6,
481,
652,
L
i
562
291
4
559
Colorado Fuel & Iron
6i
Colorado & Southern,
Cons .1. Ga- of Baltimore
662
Consol. Tobacco. .6"'. Sheet, Aug.
.
SI, 1901
Denver
&
Kio Grande
-192,
A Mackin&O
Dominion Iron & Steel
Kne RK
Ev,usviHe fi Terre Haute
Georgia Southern A Florida
Detr
it
Hocking Val ey
ill
3><>",
6">!i,
nois Central
6
8,
069
'on
660
66
3»4
612
1*2
675
865
660
Indiana Illinois & Iowa
line' national Paper
Kanawna Michigan
SWO
660
Long
6i<2
Island..
Loujsv. Uend. & St. liouis
Louisville 4 Nasuvtlle
Maine Central
412
3a5
44i
Atchison Topeka
Railroads, Etc.— (Con.)—
Manhattan Ky.
Page.
336
443
609
338
Nat. Kn-imel. i Stamping
336
New England Cotton Cam. ... ... 443
ew York New Uaven * Hartford 612
New York Ont. A West
492, 501
New York Susque A West
441
Norfolk <S Wes'ern
...492, 502
Northern Pacific
610
Minneapolis General Electric
Missouri Kansas & Texas
Nash. Chat.& St. L'.uis
Nonh Pac— Gt.
Nor. Joint bonds
Chic. Bur. &Q.collat..ojfi« state. 294
Pacitlc Mail Steamship
234
Penn.yivania Co
Peoria & Kastern
Republic Ir niSteel
St. Louis .t San H'mnclsco
St. Louis Southwestern
San Francisco & Nor h. Pacific
San Luis I'otosi Electrical
?>helby Steel
Tube
Southern Indiana
S utbern Ry
Standa d Rope & Twine
335
441
552
285
651
... 442
662
444
389
286,334, 340
6H
Susquehanna lr;>n & Steel
Toledo &OhioCentrai
I', s. Ca«t Iron 1'ipe &
Wabash Rtt
West irgiuia Cent. &
Wnite I'ass ,v Vunon
444
660
Foundry.... 336
*
550,567
661
Pitts
443
672
Yazoo & Miss. Valley
Street RailwaysPage,
182
International Traciion of Buffalo. 3;6
Metropolitan Street ( ew York).. 613
New York & Queens Cunty
614
Third Avenue KK. (N-w York).... 532
Toledo Hallways* Light
613
l.'mou I'racti >n oi Philadelphia... 614
Union Traciion of Pittsburg
394
610
united Traction of Albany, etc
Chicago Union Traction
& Santa Fe Railway.
(Report for year ending June 30, 1901.)
The report of President Ripley is printed in full on pages
734 to 788, and in addiron the principal taoles are also given.
Balow is a comparative statement for four years prepared
for the
Chronicle:
OPERATIONS, EARNINGS, ETC.
1900-01.
1899-00.
18P8
13,072,
136182
15S.524
674,780
ANNUAL REPORTS.
145.752
148.757
408/ 09
33,611
3.666
7,414
71.134
138.533
Previous
Tear.
Tear.
9
$
81.416
10S919
204,657
161,195
>
46 595
14.644
27,876
Interest Charges and Surplus.— The following Street
—
Gross
321
4 231
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.
in both years.
STREET RAILWAYS AND TRACTION COMPANIES.
Previous
Tear.
9
660
602
Current
Note.— Operations of the
LXXIIL
Av'jje milpaffeoper
Equipment —
Locomotives
Passenger oars
Freight cars
Mi-ceilaneous oars
Opt-raliotts
7,807
7,341
7,033
1897-98
6,936
1,174
1,152
1,083
1,036
717
C65
29,2^9
28,042
688
2^,486
28,698
647
625
7c9
—
99.
634
Passengers carried
5,664. 8U
4,255.922
4.001.078
4.811,466
Pass's oarr'd Lm... 514,037.047 412.937.134 3^6, 7*3, 633 325.ri50.304
2-^72 ots.
Rate per pass. p. m
22;8ots.
2^56 ots.
2261 cts.
Frelgut(totts) oar'd. II, I ,614
8,924.tt78
9,s93,018
9,9:9,510
F'ght(tons)car. rn.
3, -76. 793
'3.454,^91 '2,8^3.0 il *2.779,555
0-976 ots.
1-019 ots.
Rate perton p. uilie. 1007cts.
1 029 ots.
.
949,676
830.377
168.832
.
.
I
60,392
o7,99
:
126.875 121,297
264,047
1
882,705!
169,414
886.653
182,773 162,155 1.347,0391 1,246 996
284,800 243.432 1,783,179! 1,565.160
6,200
8,603
46,16/
30,559
are results lor properties owned.
Strike in August, 1900.
*
000s omitted.
E irnmys —
Freight......
Pass ngt-r
Mail and express.
Miscellaneous
Total
.$39,052,557 $33,729,333 $29,492,597 $28,588,717
11,6 8,017
7,347, -i62
8,126.142
9,334,662
3,00 -.075
2,570.1^6
'i, 424,3
2.207,889
735,173
597.887
470.420
1070,133
.
.
W
$54,474,822 $46,232,078 $40,513,499 $39,214,101
October
5,
Expensts
MalBtof road.
THE CHRONICLE.
1901.]
1899 00.
1900 01.
Ac
$
i,
96.354,372
5,267 8 12
14,736.147
133,810
6.2->7.457
M»lot. orequliuti't.
Trans'u a"<l tr*mo. 17,309.001
General expenses.. 1,362.648
900,000
Spec.betteriu'taoot.
1,163,148
1898-99.
)JS\H72.108
4,8*0,796
4,6^9.2;«
14.468,0'.5
1.097,640
$32,262,946 $27,621,499 $27,606,681 $28,B0-i,336
Total
(5953)
(6814)
(72 69)
P.o.ofop.ex.toearn.
(5923)
$22,211,876 $18,710,579 $12,808,818 $10,:07,765
INCOME ACCol NT
1897-98.
1899 00.
1898 99.
Iteeeipts1900 01.
Net earulngs
$22,211,876 $18," 10,579 $12,906,818 $10,707,768
145,9:15
10i.O29
198.169
Inoouielioiuluv't.
140,315
103.r00
68,651
192,242
77,999
Miscellaneous
Net earning
$22,544,433
...
$18,977,399 $13,156,253 $10,889,793
Deduct—
Taxes
$359,033
1,681.336
Interest on bonds.
5,776.971
on adj. bonds..
Dlvs. on -,-rcf
2,0">3.840
Int.
ft,
08,690
Katep.o.onpMMoB.iA: ,6%)
$282,692
$20',5e0
*29s,541
1,543.602
5,291.327
2.0^3,840
8,139.556
I,4t0.6.*i0
1,4:20,123
6,188,132
2,Oi3,840
1.141.6V7
4.992,148
2,05^,840
8,<i27,89-J
7,074,928
650,015
540,645
5b0,776
Total Income
Disbursements—
Tuxes
Interest on bonds
10,493,862
9,789,018
8,568,543
7,665,699
813,538
4,824,660
46,933
280,143
785,568
4,808.760
29,685
158,167
735,330
4,814,120
4,815,998
157,38;i
156. ".94
12,08
7
16/ 620
127,186
46,165
48.57 4
162.U07
56,472
26,175
Oilier Interest
KilltH
Georgia RR. l<)«s
Oilier roads loss
8 nk mi.' f iinil (net)
8.
&
Total
.$17,307,928
Ralanoe, surplus.. $5,236,505
291,554
$12,377,651 $10,109,911
$ \599,738 $3,046,342
$9,053,204
$1,836,589
1901.
SO.
1899.
K iliroad, franchises, eto.,lnoluolun stocks, bonds, eto..$412.107,188 $399,001,474 $394,727,630
Ncwacqul'ns.UR-* & term's.
3,733,624
880.088
4,057,873
Cash, etc In trust for red. of
293,670
189,670
267,670
equipment bonds, series A.
Expenditures for lmpr'm'ts..
1,88 7,595
3,121,065
3,309,870
460.611
Expenditures for extensions..
30,140
209,378
1,028,172
Expenditures for equipment.
1,112,702
589,^83
Company's seourlt'son hand.
2,898,496
2,772 389
2,531,73^
Other securities on hand ....
577,127
603,227
605,178
21.5^5
Dep.urd Art.5ofGen. Mort...
Materials and supplies
2,293,276
2,482.277
2,860.778
712,i?4
Traffic balanoes
1,387,660
894,672
Agents and conductors
380,822
271,046
207,811
503,126
374,328
U. S Government
406,629
15.*>59
lnsuranoe prepaid
32.156
17.415
J ,905,740
Miscellaneous
3.770.833
2.778,788
Ca-u on band and In bank,...
9,484,201
7,104.905
5,530.208
Prior aooounts In llqulda'n..
15,592
5,740
7,697
1900.
.
$441,064,546 $424,692,969 $414,603,595
Total assets
—
Common
stook
$102,000,000 $102,000,000 $102,000,000
Preferred stoo* outstanding. 114.199.530 114,199,5-0 114,19^,530
Funded debt (see Supp'm'T).. 199,0 J5,7 10 188,238,710 184,458,710
Special betterment fund
1,239,-09
Rolling stook replao't fund..
432,140
58 ^,7i7
485,072
Rallienewal fund
321,861
59,413
257,447
8i4 291
Tie renewal fund
fuel reserve fund
Accrued taxes not due
Interest ocrued not y et due.
Coupons not presented
3,1 1 5,305
i>
191, 6d0
1,807,310
2,128,258
1,488,467
rolls
Audited vouohers
Trafflo balances
Miscellaneous aoots. payable
Prior accounts in llqaldat'n.
rotlt
loss account (surp.).
139.912
268,616
13.082,740
&
Total liabilities
73, p. 659, 183.
79,600
763.068
3.37^,010
201,3c0
1,554,»38
1, 735.4 68
1,< 67,917
784.020
269, "-38
9,994 620
736,295
3,359.778
l,8i",<ioo
Total disburse.... 8,907.748
Balance, surplus.... 1.586, 114
8,281,781
1,507,237
7,789,644
6.03\795
778,900
1,632.904
408,125
366.916
4,414,492
$441,064,546 $424,692,969 $414,603,595
Lonisville
<fc
Nashville Railroad.
( Report for the year ending June 30, 1901. J
The annual rtpoit of the Board of Directors (Mr. Angnst
Belmont, Chairman, and Mr. M. H. Smith, President), will
be found in full on pagea 726 to 733 of the Chronicle, with
the most important tables.
The statistics for four years have been fully compiled for
the Chronicle as below:
ROAD AND OPERATIONS.
1900-01.
1899-00.
1898-99.
189798.
miles operated..
Equipment —
Locomotives
Passenger oars
Freight, cVc, oars.
.
3,169
3,007
2,988
2,988
563
456
557
447
546
450
547
446
23,663
23.402
21,285
20,376
OperationsPassengers oarrled..
5.44P.801
6,872,354
6,282,042
5,208,588
Pass, oar'd 1 mile... 239,730,479 222,424,321 215,203,228 207.903,873
Rate per pass, per
2'31 ots.
2-15 ots.
mile
2*35cts.
223 ots.
Freight (tons) car..* 16,685,466 15.839,470 12,390,835 12,309.731
Freight (tons) oar'd
2655984116 2581672886 2230767045 2011367580
1 mile*
Rate per ton per m.*
0*768 ots.
769 ots.
0729 cts. 0-750 ots.
Not lnoludlng company's freight.
EARNINGS AND EXPENSES.
190001.
1899-00.
189899.
Earnings from—
$
1897-98.
$
20.419,162 20,699.779 17,100,715
5,742,581
5,238,314
4,905,684
762,184
706,00-1
706.384
618,833
533,119
459,665
479,397
565,159
587,138
15,854,802
4,557,729
702,141
421,598
460,383
28,022,207
27,742,879
23,759,486
21,996,653
1 0,253.297
9,829.736
3.950,839
3,725,673
1,0^7,159
8,475,886
8,116,762
2,903,048
1,235,892
7.555.951
3,183,186
3,052,179
1,130,438
Op. exp., exol. tax... 19,426,551 18,603,406
Less freight on oo.'s
material
1,193,518
15,731,588
14,921,730
MalL
Express
Miscellaneous
Total gross earns
Oper. Expenses—
Trau sportatlon
Main, of way, &o
Main, of equipment..
4,356,127
3,995,475
821,652
50. 8
ill
(3»«%-
1900.
15)01.
—
18,233,033 18,603,406 15,731,588 14,921,730
Per cent of oper. expenses to earnings. (65*07)
(6706)
(67*84)
(66*21)
Netearalngs
9,789,174
9,138,973
8,027,898
7,074,923
30.
1899.
1898.
Road, equip., etc
120,212,390 114,198,901 111.286,144 110,9/1,040
Timber, quar. lands,
1,014,315
952,975
1,0' 9,726
eto
1.083,293
68
Stocks owned
4, 03
2,917,297
2,079,58
1 631,598
Hiinrtu owned 'J
3,973,290
8 722,678
9,615,826
7.7O\03I
Sth>. & bds. in trust 1f 15,705, '7i 37,274,934 37,93.">,534 37,93 s, 531
3,330.095
Rills and aeots. reo..
1,7 i 3,66 J
2,412,4 i4
8, 01. '198
2,186,792
2,433,273
Material, fuel, eto...
1,69:4,983
1.7 8.1 15
3,64^,732
Ca-h
1,812,052
1,483,821
3.1-57, 660
Nash. & D. adv... ?
1,140,631
1,105,375
1.08.1. 126
1,543,162
other advances. $
613,417
.-.46.545
888,249
Sink, funds, eto.1T...
203,000
1,441.753
1.30S.340
1,177.116
M. & M. bonds aoct.
1.099.295
1,100,530
1. 00.237
2,2on.<i00
listed cap. stook.
2,2< 0,000
2,2 0.000
Unfun'd dlsot. acot.. 1,197,992
1.346,457
1,292.296
1,340,875
M iscellaneous
739,418
1,106,144
685,056
V
1
i
.
I
[
'
Total assets
158,286,635 178,993,506 175.674,441 174.309.70l
Liabilities -
55,000,000
Stoon
Bonl. debt
Supplement)
fl...
Interest
Dividends
Individuals & cos. . .
Pay-rolls, vouohers,
etc
and
2,058,682
2,2^8.527
298,999
768,788
3,935,913
301,670
825,229
Miscellaneous
Total
55,000,000
55,000,000
90,284,660 113,264,660 110,693,660 110.38^.660
1,791,606
1.717.498
1.587.76 L
1.5s8.281
1,431,303
1,108.891
1,111,8U
4~,629
749,438
610,230
802,782
936,415
Reserve fund
Profit
55,000,000
(see Inv.
loss
.
5,844,048
liabilities.. 158,286,635
2,085,131
537,715
140,540
3,715,041
1,705,793
1,7 8,992
26.^69
2.846 3dl
178,993,506 175,674,441 174,iOJ,70l
fl The decrease In 1901 in the "bonds owned," "stooks and bonds In
trust" and "sinking funds" under assets, and "bonded debt" under
liabilities, la accounted for by the elimination in the 1901 balance
sheet of items given n previous years on bilk sides of th-i aocjunt,
these Items amounting In 1901 to $20,854,000.— V. 73, p. 391.
Chicago Terminal Transfer RR.
(Report for the year ending June 30, 1901
The report of this company for the fourth fiscal year of its
operation, including the income account and balance sheet,
and the remarks of the President. Mr. J. N. Faitnorn, will
be found on panes 738 to 741. Below are the results for a
series of years:
1900 01.
1899-00.
1898-99.
1897 98.
Earnings—
$
$
$
$
From RR tenants
559,611
579.859
601,327
589,283
Other tenants <s income..
99,579
94,284
90.260
80,584
Freight and switching.... 701,452
546,785
479,913
413,068
Passenger
70,348
45,032
49,607
36,326
Total earnings
...1,430,990 1.265,961
Operating Expenses —
Maintenance of way, &c.
97,016
67,695
Equii ment
127,429
67,527
Conducting transp'n
43 2,658
297.05 8
General expenses
81,675
76.869
Taxes
88,890
80,585
Total
Int.
on mortgage debt
Surplus net Income
1,221.107
1,119,261
72.812
51,126
274,989
•-I5.019
62,506
77,436
22<,149
51,377
77,454
65,5>-3
827,668
591,900
589,734
584,200
511.9*6
572.200
455,505
56 2,156
1,419,868
11,422
1,173,934
92,027
1,114,146
106,961
1,017,661
BALANCE SHEET JULT
1901.
Assets Property and franchises
101,600
1.
1900.
1899.
$
Cash
Accounts receivable
Aocount receivable (disputed)
Agents and conductors
Treasury securities
Materials on hand
Trust fund
*
Freight
Passengers
SSctS
17»,25()
1,557,781
1,451,738
985.878
—V.
General
6V10
GENERAL BALANCE SHEET JUNE
57,072
66,634
GENERAL RALANCE SHEET JUNE
Av
A
N.
12.4-SO
130,270
202,851
2,112,000
(4%)
.1
Assets—
B
128,900
640,249
53,464
2,695.000
(6%)
.
Pay
3,641
Miscellaneous
MMilnnls
Rate of dividend
(Nos.2A: 1,2%%) (No. 1, 1%)
198,666
I
9,138,973
DlvMeud on com
1,529, S-ti
K itep o. on com. (No. 1,1 ^96)
Miscellaneous
189H-99.
9,789,174
Net earnings
Inc. from Invest'*.,
704.688
n ni« and mlsoel...
I
ReDt.ot tracks. &o.
Liabilities
1900-01.
HfCtipix —
To
Total
INCOME ACOO
189900.
1>97-K8
93.-181,808
i4,03*>,7**3
1.0*17/195
Til*
Total assets
Liabilities—
44,873,414 44,482,586 44,053,935
417,641
88.1,333
401,195
2 78,844
258,269
193,929
121,851
56,017
39,495
64,431
195,972
291,216
15,151
73,699
85,359
100,133
307,724
2 1 8,234
352,000
45,988,^88
45.825.030
45,4i4,947
13,000.000
...17,000,000
Funded debt (see Supplement). ..14,629,000
13.000,000
17,000,000
14,629,000
13,00 ',010
17,0oO,000
Common
Stook
Preferred stook.
Vouchers and pay-roils
Interest matured and aoorued
T-iies accrued
Liquidation fund, oont.
lund.eio
Trustfund
Profit and loss
Total liabilities
— V. 72, p. 1279.
New York
141/0 2
l-i,33l,'i00
126,678
271,708
83,765
254,026
281,313
71,225
278,223
84,249
222,530
218.234
312,010
84.264
307.724
300,586
3 > 2.000
45.988,339
45,826,050
45,454.947
reserve
79.235
208.560
Central & Hudson Klver Railroad.
for the year ending June 30, 1901. J
Full extracts from the annual report of the directors, with
many valuable tables of statistics, will be given in the Chronicle next week.
('Report
THE CHRONICLE.
720
Toe earnings, income, etc., are shown below, the results
for the last fiscal vear inclu ling the operation of the Boston
the grops earnings of the latter
Albany
, 394 m'les;
for the > ear being $9,931,896 and the net earnings $3,50>.825.
&
1898 99.
2,:- 96
1900 01.
1899 00.
3,^57
2,829
39,560 399
20 866.357
1." 14.61%
2,0*6.000
1,8*6 190
290,550
34,273,141
15.46*,59l
1.401,987
1,098 451
1,C7*,0*7
49,102
27,629.964
66,333,111
Expenses —
Mwlnt. of way & structures 7,814.968
Maintenance of equipment 7.832,939
Transportation
25,377,972
1,658,339
54,562,952
46.184,658
7,190,286
4.700.294
5.5v>-.092
5.0 -a.*'!**
18,2 0,703
1,144.>88
88,216
34,051.587
(64-VO)
P. o of exp. to earnings...
... 23.744,895
Net earnings.....
(62 41)
20,51 1,'a 65
Earnings from —
«
Freight
42.'
19.906,'26
1,356.983
18,723. lift
1,299,8.0
l,t
54,182
1,8-2. 0*
95.248
29 12- ,981
(6307)
17,055,676
Add-
Divliicnd on
Mich
Lake Shore
So. si ook
&.
owned...
Profits
from sundry
3,170.655
e.^.qee
741,459
647.3M
446 061
84,692
27,249
132,153
14,612
51,42i
16.308
28,275.189
25,228,110
21,380,348
585
aoots..
Disbursements
Interest on funded debt
Rentals of leased lines
Interest
on
.
3,163,623
3,170.244
663,825
534,284
Dlv.on Mloh.Cen.stk own'd
Dlv & int. on other securl's
Interest on loans, notes &
sundry bills
7,624,934
9.204,619
7,« 39
2,33n.0**4
748,''85
1,9.^6,907
237,816
7,487,7*5
5,90 < 508
1,738,1*7
lo6,833
1,899
103,047
68,514
V.611
102,769
65,423
108,834
55,064
142/14
224,845
35,675
20.23H.003
16,949,083
8,279,027
16,466,296
5,915,052
..
6.939,127
loans, notes
8,012,^.83
Deduct—
300,000
F 00 000
300.000
Reserved to redeem bonds.
Dividends
(5 &)5,7fO 000 (1%%)4,937.50«' (4 %) 4, 000, 000
Special improvement fund.
Surplus for year
Add sundry
1,500,000
2,000,000
7,550.000
492,183
7,237,5'
1,041,527
4,300,000
1,615,052
profits leased
prem. on stock, &o.
143,500
156,195
657,322
Beech Creek RR equipm't.
Deduct exp. refund bonds.
Deduct miscellaneous
635.683
501,875
94,719
23,985
1,197,722
2,27^,374
238.837
1,493
801,294
97,755
620,579
lr-,104
Surplus to profit and loss..
Accumulated surplus
11,764,889
240,330
957,392
10,797,498
89^,0*9
1,3 3,326
9,424,173
and loss June 30. 11,769,993
11,754,890
10,797,4b8
lines,
Louis Southwestern Railway.
ending June SO, 1901. J
St.
( Report for the year
RR
Miles operated June 30
[Vol. LXX1II.
Edwin Gould
President
General Remarks.
says in eubstaDce
— 'The
traffic movement
:
(large
beyond
the results of operation and the physical improvement of the property are fully set forth in the detailed
exhibits embraced in the report of the Vice President and
General Manager. For the purpose of reimbursing income
account for amour ts heretofore expended for the betterment
of tbe property, the remaining $1,000 000 unissu-d of second
mortgage iDcome bond certificates in the bands of the Trustee were sold, and the net proceeds, viz., $770 OjO, credited to
profit and loss account.
" Full interest (4 per cent) was earned on the second mortgage income bond certificates during the calendar vear 1900,
and paid during the current fiscal year. Full interest was
also earned on th^s" certificates during the six mon'bs ended
Jur.e 30, 1901. which is not payable until J n. 1, 19i 2
"The increased income during the current fi-tcal year enabled the directors to appropriate from profit and loss account and transfer to the credit of general impro >emenr. fund
the pum of $',49),000 for necessary and much needed improvements. Substantial additions have been made to the
locomotive and car equipment during tbe current fiscal year,
the purchases being made principally under equipment trusts
(the net increase thert-of being $839,704), by the terms of
which the payments are extended over a period of four
Orders have
v ears, divided int) equal monthly instalments.
also been placed for additional locomotives and freight cars,
delivery of which will be made early in the ensuing fiscal
precedent),
year.
&
"The Stuttgart
Arkansas River RR., 34-8 miles in
length connecting with the main line at Stuttgart, Ark.,
was purchas-d under foreclosure proceedings, and the line
h»s been operated as the 'Stuttgart Branch' since J^n. 16,
1901.
No securities have yet been issued on account of this
purchase."
Prospects. F. H. Britton, Vice-Pressdent and General Man" Tne indications at the date of this report
ager s»ys
(Sept. 2) point to a shortage in the cotton crop during the
ensuing season, rut it is hoped that the mov-ment of other
classes of traffic will more than offset the deficiency in that
The improvements already comimportant cou modity.
pleted, together with the additional equipment received and
ordered for fall delivery, will place the management in position to handle the heavy traffic of the coming season with
greater efficiency than heretofore."
Compared with the preceding year, the gross earnings increased 25*03 per cent the net earnings increased 57 19 per
cent; the number of revenue tons carried one mile increased
13-69 per cent; number of passengers carried one mile increased 38*36 per cent revenue train mileage increase 1 11*13
per cent. Tables furnish also the following
Of the 2.399.171 tons carried in 1900-0! .lumber furnii-hed 1,205,350
—
:
;
;
Profit
&
Alton Railway.
('Statement for year ending June SO, 1901.
The results for the fiscal years ended Jane 3 ), 191)1 and 1900,
and the calendar years 1899 and 1898 compare as follows
Chicago
Calendar year
,
—
:
,
^-Tear end. June 30,-^
189-S.
If 99.
1900.
1901.
843
843
855
920
Miles
Gross earnings
$6,693,295 $7,155,952 $7,796,449 $9,03 .655
Oper. expen's. and taxes 4,276,768 4,471,266 4,831,822 5,926,095
Net earnings
$2,416,527 $2,684,696 $2,964,627 $3,110,560
Income from investments
1,531,386
Total income
"Lease rentals
Interest 3*2 per cent
$4,641,946
$3,023,033
770.0
bonda
All charges
$3,793,0?3
781,760
„
4 per cent preferred dividend
8urplus
73, p. 235. 183.
$67,147
—V.
Wisconsin Central Bail way.
The
{"Statement for the year ending June 30, 1901 J
results for the lata fiscal year compare as follows:
:
tons, contrasting -with 1,071,146 tone in l<*a»-00.
The number of
ml.es run bv ail rreight trains durteg the ye.ir increased 1 254 percent
preceding
year,
the
average
compared with the
train-load of r«- venue
freight having increased from 20s tone in 1899-00 to 210 tons In
900-i '1, or ODe per oent.
The freight revenue per mile of road,
$i,432 (against $J,6*1 in 1891); do. passenger, $i, 09 - (against $805
Average revenue per freight train mile. $ J 56 (against
ia 1899 00)
$1 7*. in 1891); do. passenger, -865.
1
Betterments to roadway and track and new safety appliances for equipment to a total of $253 268 were included in
operating expenses during the late year (igaintt $28 i 99S in
1899 00), and there was charged to general improvement lund
$153,991, making total for year $412,259, being an increase
Payments for new equipment aggrethis year of $126,261.
gatiog $258 825 (against $204,889) in 1899-tO were charged
against income account, and $162,005 (againct $169 358)
against equipment replacement fund; total, $420,831 increase, $46 583.
Physical Condition,.—'Tables supply the following as of
;
June
3 i, 1901:
Character of main track, 75-lb. steel, 101 miles; 60-lb. steel, 6
mile*; 56 lb. steel, 1,027 miles; 55-lb. steel, 16 - 40 miies; 35-lb. steel,
113-86 mile a total. 1,*67 miles Ballast— Rook, 104 37 miles; gravel
20
and sand. 409 2 « miles; cinders, 53 *8 miles; natural s 11, 7
miles. Bridges, permanent spans, 6,196 feet; trestles, 46 33 miles;
;
decrease, 54 miles.
Gross earnings
Operating expenses
1900-01.
$5,324,274
3,466,463
$5,637,416
3,5o0,936
Net earnings
Other income
$1,857,811
20,920
$2,056,4H0
8,2^8
Statistics of Operation.— Operations, earnings, charges,
etc, have been:
OPERATIONS AND FISCAL RESULTS.
1900 01
1999-00.
1898-99.
1897-98.
Total net income
Fixed charges
$1,878,731
1,632,614
$2,064,758
1.571,84a
Aver, miles oper....
Operations Pafsengers carried.
Balance, surplus
—V. 72, p. 1239.
$246,117
18- 9-00.
$192,915
Mobile & Ohio Railroad.
(Statement for the year ending June SO, 1901.)
The following is a preliminary statement of earnings for
the past year:
fc
1900-01.
1899-00.
1898 99.
688
*
Not including company's
$
Passenger
4,364,007
4,333,626
$1,53 1,153
3,079,522
Net earnings
Other Income
$1,77 8,027
$1,663 105
93.U8
$1,451,631
110,915
To'al
Expenses
Transportation
Malut.of equip
Maine of way. etc..
General
$1,888,942 $1,756,273 $1,451,631
$1,552,979 $1,418,645 $1,144,528
386,641
314,990
271,748
Extraordinary expenditures
Balance, surplus
-V.73,p. 603,446.
,
def.
$50,678
$22,639
$35,355
994.503
41,908 926
2 *2 cts.
2,101,048
1,250
899,148
1,223
828.5'?8
freight.
Earmngs—
Freight
Mail, express, etc.
Net income
1,281.928
one mile
876
$6,142,034 $%996,731
Interest and rentals
1,258
3<"*,373s-16 37,15.1.691
57>83,590
2-37 ots
2-30 cts.
R-tteper pass perm. 2 42 ots.
1.887.t09
1,773,333
Tons freight moved* 2.399.171
468.S37.265 '412,395.505 330,660. ->o8 353,109,737
do one mile*
1-21 ots.
Ill ots.
l-i6 ots.
Rate per ton perm.* 1 21 ots.
do
Miles operated
Gross earnings
Operating expenses and taxes
876
1,276
—
Total
P.O. of exp.to earns.
1,400.713
5,652.873
333,539
$
1.0H.027
4,594,855
300,401
$
910.867
4,619 9S5
331.4 5
$
854.121
4,138.932
28<>,279
7,387,174
5,908,284
5,862.339
5,279,332
2,499,144
1,080,320
381,2»9
2,106,870
685,123
1,062 760
c 01,320
2,170,464
647,446
1,101.58 '
28^.595
2,179,515
582,963
1,2*6,971
183,879
4,632.892
4.156.073
4,20." ,083
4,173.828
(62-72)
(70*34)
6"*2
139
(71*8o)
(7«-05)
OCTOBER
B
S
3»
I
R
721
190
1897 98.
1898 99.
1899 00.
1900 01.
Net earnings
Other Income
(1HRONK
THF-
1901.1
5,
Peiluet—
8S
2,754,2><2
1,752.211
1,653.951
82,195
1)5,685
84,457
1,IOK,007
04
8.
on bonds..
Ini.-M-Nt
Total
Dtihtcl—
Taxes
on 1st raort...
Equip payment*.
Rental and uilscel..
Int.
2,836,477
1,847,896
155,771
80>.000
258
66,907
151.567
8)0.000
204.889
01,118
1,281.503
1,554,974
1,217.604
630.292
1.114.911
1,737,708
l^^os
m,C07
SOO.i'OO
800,000
171.061
44.535
26.613
1,119.091
967.620
598,617
157.291
0.
on stock.
Total
Burploa
Notk
From
"
on the seoond mortgage bonds has been
Jan 1900 1078 p. o.; July, 1900,
this surplus. Interest
paid as follows, July, 1849, 2
2322 p o.; Jan., 1901, 2 p. o.
p. o.;
;
.
July, 1901, 2
p. o.
1,062,435
*
30.
1900.
1899.
1898.
^
Road and equipment. ...66, 00,000 65,500,000 66,905,095 65,616,313
339 000
339.000
3 9 000
Gray's Point Term. Ry..
20.723
20.722
215 1
68,208
Construction accounts..
27.328
27,328
27,328
27,328
Real estate
86 ',039
366,53!)
363.0 <9
302 180
Invest, lu stks. & bonds.
:n.6!0
26.637
39,142
5.954
Advances to agents
620,s28
3<9.03o
178.<»16
Cash
1.929.192
1901.
A
i
^2
$1.
4fl
r
591.924
627.068
818,303
Acoounts collectible. ...
Supplies and materials
.
Trust equip.
&
mlsoel...
279,944
391.545
469,825
224,'
248.5'^
291.312
22.394
29
3-2^52
58,556
..71,301,192 68,038,869 68,759,483 66,713,641
Totel
Labilities —
20,000,000 20.000,000 20.000.000 20,000/ 00
16 500
16 500,0
16 500,000 16.600.0
Bonds (see Inv. 8ui*i\).. 30.3<H,O0O 29,339.000 29,339,000 28,000,000
H0.345
l,:->60.572
Reserve fund
500,fi75
921,516
584.832
335.741
Equipment trust notes..
133.333
bonds
343,726
314,746
Interest on
5*7,727
Prefened stock
Common
,
siocfc
.
Sundry accomts
665.104
5,660
919,593
pay'le.
Miscellaneous acoounts.
Credit of Income account
^4.956 1,32*272
110619
147.589
516.278
664,689
310,6.7
1,362,517
71,301,192 68,038,869 68,759,483 66,713,641
New York New Haven & Hartford
Railroad.
{Report for the year ending Jane SO, 1901.
President J >hn M. Hall says in substance:
The gross earnings of the rail lines for
General Remits
the year ending June 30, 1901, were $40,132,311, being $192.840 less than in the preceding year. The gross earnings of the
rail and boat Hues combined were $44 295,541, being $15,312
The figures for 1901 include the earnless than last year.
ings of the New Haven Steamboat Co. for a full year, while
those of 1900 include only two months.
Betterments, Etc. — There have been charged to operating
expenses duriDg the year for betterments and new equipment to meet general depreciation the sum of $3,425 815, and
there have been charged ti cost of road and appurtenances
$143 001 for purchase of real estate.
Bonds.— For the pur pose of paying all Abating indebtedness and providing larger working capital and fir present
and future requirements, an issue of $10/100,000 noa-convertible debentures was authorized in March. These debentures bear interest at 3J^ per cent, and are payable in
1947, and $5 000,000 have been sold at a premium. The board
revoked the authority to issue the remaioing $5,000 000 of he
$10,000,000 4 per cent debentures authoriz-i in 1897; $5 000,000 of tnat series hav-* been issued, $2,000,000 of which were
issued duri< g the present fiscal year.
New London Steambjat Co.— The capital stock of the New
London Steamboat Co. having been offered to this company
at a reasonable price, the Bjard deemed it judicious to acquire the property and all of the stock has been purchased
and is now owned by this company. The New London
Steamboat Co. operates two freight steamers between New
London and New York, and also operates a line of steamers
between New London, Watch Hill and Block Island.
Statistics.
The statistics of operations, earnings, etc.were:
—
1900
Miles oper. June 30.
Equipment —
Looomotlves
Passenwercars
Freight cars
Other
01.
2,038
1899 00.
2,039
1898-99.
2,047
1897-98.
1,464
922
9T1
917
719
1,825
12,915
1,836
13,116
1,816
12,400
1,561
11,186
584
65
574
57
570
434
51
car-«
Steam'd.tngsifl^ts
53
Operations Revenue passengers and freight only.
Passengers oaniod. 53,0-61,460 52,096,916 49,035,411 41,464,748
Pass, cari'd 1 mile.P49.079,u66 943.642.n80 861.4 16.6«2 759.632 396
1-771 cts.
1-776 018.
Ratep. pass p. mile. l-763cts
l-791ots.
Freight (tons) oar'd. 15,4*6,435 15,708.266 14.376,828 11,042,006
mile. 1292378364 1340789590 1257413624 899,636,294
do
do
1-5 lets.
Ratep ton p mile. 1-479 cts.
1-411 Ota.
1151 cte.
1
Earninus-
$
$
$
Pass'ger departm't.. 19.851,093 19,764,755 19,381,831
Freight aepartm't.. 19,864.701 20,164,753 18,381,8'8
4. 4, 517
Miscellaneous
395,643
377,<33
Total
40,132,311
$
f-21
10453
4 5 17, 478
3 3-0,477
2.i"i'6'
1
»;-->
4.291,738
4.476.268
2.414,606
4,281,278
4,158
3
80'.'
13,383.843
13.255,097
33;*,
1901.
»
Assets58, 901,171
Cost of road and equipment
Gi
6,818
(Miier permanent Investments...
Stooka <>f leHsed lines reo. inexoh 14 899,391
siccks and bonds
9.319 73
supples
3,7 89, '4'/
mi- by agents on aoo't of trallio.
1,58 1.846
Duel y oos. and ludlv.,openaco'ts. 2,lO3.:-iO0
i
C,i«h on h uid
.'
Bills reoelvable
Real estate. South Btreet, N. Y.
Contingent assets.
40,325,151
37,143,917
30,322,738
5.372,401
3,84\488
17,341,036
786,309
4.968,591
4,082, ^66
15,636,217
894,0 >4
3,406.546
12.W40.074
699,578
.
28,048,480
Total
(6989)
P.c.ofexp.toearn'a.
12,093,931
Net earnings
562,560
Other Income
28,224,840
25,581.256
20,991,686
1(69-99)
(68-87)
(68 90)
12,100,311
5*6,121
11,562,661
623,423
9.431,052
601,068
Total net income 12,646,891
12,646,432
12,186,084
10,032,120
5,476,465
Malnt. of way. &c.
Maint. of equipment 4,448.075
Transportation
17,161,880
General
960,i60
4,725,0r»l
.
Advanoesacc Bost.&Prov addts.
Prepaid insurance, taxes, eto
4,476.810
540,321
90.000
8/61,0 8
4,562,662
53,4<>0
To'al
'2
•28,!»'J6
«7i
9,922.297
MM
30.
19 0.
$
59,8^1,110
616. H19
1-99.
*
59,4 6,251
61
14.3 '9.391
9,151,116
2,4.66,665
1.074 -30
1,423.095
35^.654
5'6 321
lO.t
».«050
t,l 16.708
l.i 3.746
1,387.674
5*5,356
327.191
fcO.O 10
90O04
8 03<, 44
7.7 17.236
2,1 O.C92
3.987,264
61,-27
78.385
107.558.276 100,974,717 100,240,421
Liabilities —
Capital stock common
54,6*5, 400 P4. 695, 400 54 611.403
Convertible debent. certificates.. 16 397.200 16.397,200 16.3-»7.200
Funded debt
6.139,000
6,41».«O0
6.43W.OO0
Debentures
... 10,00^,000
3,000 000
3.000,000
Loans, aooount Boston & P. RR.
1,625,625
1.704,485
1. ansa d bills pavabie
1,000,000
267'
Interest accrued, not due
,18
353/50
2
252,469
Matured Interest unpaid
1.260
2'iO
1.260
Dividends unpaid
2.058
2,069
2,068
Wages, supplies, eto
2,203,022
3.67.6,479
2,338.306
Due companies and individuals.. 3,411,321
3,453.9 60
2,90 4. <67
Rentals accrued, not due
236,69 I
23^,52
201.0
Rentals one July 1
5,166
3,000
2.551
Profit and loss (surplus)
13,123,516 12,18 ,1 i 12,291,394
)
a
'
.107,558,276 100,974,717 100,240,421
-V. 73, p. 612, 616.
Boston & Maine Railroad.
{Report for year ending June 30, 1901
President Lucius Tuttle says in part
General Results. —The leas* of the Fitchbur^ RR to this
company became effective July 1. 1900. The operations of the
combined properties, compared with those under separate manaaeujeLt in pievious year, show an iacrease in gross income
of $335,30.}. and in operating exp mes of $177,394
Considering the facts that the manufacturing industries of the sect on most directly served have not found their greatest prosperity during the past year that the cost of everything that
goes into rai'road operation has been materia'ly irjcreas ed,
and that the benefits derivable from an amalgamation of the
two properties could not be realized until seve al months
after their joint operation had been undertaken, the results
are, upon the whole, quite satisfactory.
The policy of expending liberally from the surplus earnings in permanently improviog the condition of the company's
property has been continued.
Stock and Bonds. P. ssession of the property, rights and
;
—
franchises of the Central Massachusetts RR. Co. bas be-n acquired, and $1,735,200 of our oommon stocfc his been, sold to
provide for the purchase of its shares on the agreed basis
viz., $65 a share for the preferred and $31 for the common. Only $44,900 of its preferred and $85,600 of iis common stock is now outstanding.
Under the terms of the lease of the Fitchburg RR. Co.
54,547 shares, being all of the outstanding co-nmon stock of
thavcompany except that held in its treasury, have been
purchased and are held in this company's treasury, and this
company's fifty year 3 per cent bonds have be^n issued and
given in exchange therefor. The $2 100,0m) bonds of the
Central Massachusetts falling due
l. 11)06, ara assumed.
Common stock to the amount of $679 500 has been sold at
$190 a share, and the proceeds, $1,291,050, used in paymg for
sundty additions and improvements.
Statistics,— The opjiutioas, earnings, charges, etc., have
been as follows:
OPERATIONS AND FISCAL EESDLT8.
Or
1899-00.
1898-99.
1897-98.
1900-01.
Miles op'd June 30.
1.715
1.715
2,265
1.787
Operations PaMtengers carried. 39,496,814 32,932,814 31.^07.156 ?2, 176,210
Pass oar'd 1 mile .. 632.476,637 526,146,^71 497,02^,126 485.787.b94
R.ite per pass p. m.
1-16 eta,
1-763 cts.
1-727 cts.
1 742 Cts.
FrriKht(tons)car'd. 17.51H.57l 12,426.671 10 64 4.376 10 271 8?5
Fr'ght('008)oar.lm. 1538317388 832,397,963 719.460.569 68;*, 5t,187
Rate per t"u per m. 1-131 Cts.
1-430 eta.
1440 ots.
1 4*2 ots.
E irmnys—
Freight
$
11,147,757
17.8SO 716
,
Total
Expenses —
Gen.ex othVe&prop.
Gen. ex. of tran»p*ii
$
438,7u0
9,069.118
11,986.441
748,363
3 0,681
30,406,903
22,149,602
«3*642
Exp. and extra bag.
2U Mads
Expenses—
11,97m,8
GENERAL BALANCE SHEET JUNE
Passengers
15,901,669
14,0-1,857
1.024.IS9
1,85-1
Total
Total
—V. 71, p. 288.
l.HO.llH
4,161.614
i
CONDENSED BALANCE SHEET JUNE
1*97 98.
I
18'.*-
i.548
.135
301
l<
—The steamboat line* figure above only a- dividends "n stocks
these being Included in "other income." Bee introductory re-
mark!.
Total
Surplus'
oo.
1,166, '77
2..i67.<si«
raxes
Kightp
owned,
•
$
Oilier luterest
IC.i.tals
'-01.
$
$
8.522.2' 2
8.4M.640
96.-39
735 319
346.748
10,20 .910
733 163
346.232
19.890.607
19,74^,945
570,238
0. HI
1,265.813
10,
719,469
545 898
1.647.-203
1,305,. 62
Motive power exps.
2 236,915
4,317,583
6 li 10.5.68
Malnteu'ce of oars..
Maint. of way, etc..
3,414,719
1,929.18}
2,816.271
4,128,995
1.2-7, 62
2.991.938
2.741,291
2.523.016
3.562,623
1, "87,704
2 613,753
792,981
688,791
489 714
444.265
21,518,785
15,605,017
13,748 644
(70 76)
(70-45)
(6912)
13,723,676
(6951)
l
Pass, transp'o exp..
Krt-uht tranwp. exp.
New equipment and
air-brakes, eto
Total
P. o. of exp. to earn.
1,749,3.63
•
1.1
1,69
,66
2,i-\ 1 4
3,520, 51
1,0 'f, 130
565,031
1,"
1,468
THE CHRONICLE.
722
1899 00.
a
1898-99.
1897-98.
8
8,88>i.l20
6,543,*85
6,141.961
$
6,01W,269
9H8.713
717.374
69tf,'221
7 iO,V!04
Total ...
DeductInt*-r«-t aocrued
Rrntals
9,836,833
7,260,959
6,841,181
6,759,478
1.2«8.5fl8
1,091.635
Tai«»
1,!S47,31 5
151, '28^
l,03«,16t
3,2.0.159
l,20i ,599
64.717
1,515 304
1.089,125
3.^07,107
1.0J0.010
69.7 79
1.234.002
1900-01.
$
earning*
Net.
Rents, iuv'm'ts, eto.
Sinking fun
B,199,2?4
I
1.615.000
IMvb ends
Total
Surplus over dive...
-V.
3.29t\0">8
1,10\649
K7.829
6,730,0'.3
6,795,771
45,413
7,088,942
172,017
9,811,422
45,411
02
1,234,1
29,«20
78, p. 653.
Glucose Sugar Refining Co.
( Report for the year ending July 31, 1901.)
The company hns sent ont the following statement for the
year ending Jnly 31:
1898-99
1899-00.
190001.
Profits
Lees for
als.
$2.7b0,631
$3,328,164
$2,820,080
$5"2,«69
121,820
$144,686
94,. 26
$415,139
357,351
repairs, renew-
Ac
Lessf'-r new c( nsttuo'lon
Less for special legal expenses, &c
,',)
Balance, surplus.
$772,490
$2,047,590
$883,351
$695,179
$2,6 2,985
$919,005
(6%) 1,441,621 (4»<j%)l,OSl,*28
$1,961,579
$43,011
$2,360,626
$272,359
$2,396,313
.def.$i72,673
-V. 73, p. 2S9.
:
midsummer season, while a number of the plants forced
to close by the strikers would have been shut down in any
event to effect these repairs. Beyond all that the figures
are a practical demonstration of the value of concentration
of control, for while the strike was on we were able— so long
as some of our mills were open— to transfer work to them
which otherwise would have gone to the closed mills I
venture the prediction, having in mind the large orders
already placed and the outlook in the iron industry generally,
that in the next six month3 our earnings will increase
largely o\>er tho-e of the first six months.
The report, which is for the six months ended Sept. 30
(September partly estimated), is as follows:
Net Earnings
the
-
'
from Ooeratwyi.
$yi56, 44
_
April
May
9,612,349
9,391,747
P,580,l5t
9,810,880
9,210,0 JO
June
July
August
September (estimated)
Total net earnings
$54,954,871
7,059,705
Deduct for sinking funds and maintenance
Balance
Six months' Interest on bonds
$47,89°., i«6
7,600,000
Balanoe
First quarterly [dividend, declared July
Preferred, 1% per cent
1 per cent
Second quarterly dividend,
Preferred, 1% percent
Common, 1 percent
$40,295,166
2—
declared Oot 1—
$8,895,913
5,061,115
8,929,049
5,<j82,347
27,968,424
Balanoe applicable to surplus or new construction
— V. 73, p. t81,
$12,32 3,742
622.
Westioghonse Air Brake Co.
( Report for the year ending July 31, 1901.
The results for the late fiscal year compare as follows:
1900-01.
189900.
Grops Income
$7,869,857
$8,530,905
4,888,515
x Operating and other expenses
5,011,706
Net Income
Dividends
Balanoe, surplus
$2,981,342
(25^%) 2,792,250
$3,519,199
(80%) 3,2a5,000
$189,092
$234,199
x Includes in 1901-01 additions, $228,114; real estate, $'4,683; patents, $;52.194; depreciation $86,962, and sales, $124.25<
and in
1899-00 for patents, additions, improvements and general expense,
$476,996.- V. 72, p. 1039.
;
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
& Danville Ry.— Preferred Stock— In October,
Atlantic
was advertised that 40 per cent of the face of the preferred stock (30,992 shares) would be paid on and after Nov. 1,
1900. On July 1, 1901, an additional issue of $750,000, in the
1900, it
'
i
The company on Oct. 1 resumed the runung of electric trains
on the Fifth Avenue and Bath Beach elevated lines across
the Brooklyn Bridge to Manhattan.— V. 73, p. 553, 494.
Canadian Pacific Ry.— Authorized. — The shareholders on
Oct. 1 authorized the inane of iiW.OOO debenture? fcr new
steETiships; the purchase of the Pacific Navigation Co.,
which controls fourteen steamers; the building of three new
steamers, one for the upper lakes, one for the coast traffic
and one for the Eoapress Line (See V. 73, p. 556). The
establishment of a pension fund for tbe benefit of the employes is announced.— V. 73, p. 551, 556.
Chicago Great Western Ry.— Bonds— New Lines— Denial.
— We have been favored with the following interesting data
Mason City & Foht Dodge RR.— The eeourlties of the Mason City
AFori Dodge RR. are still In lie hands of the syndicate tiiat purchased
th m. They liold the original spouiitles. cont-intlng of $1,3-0.000 first
mortgage bonds, dated July 1. 18-6, and *9 iQ.OuO of stock. It it proponed to cam-el all tbe-<e bonds and sati«fy the mortgage of 1886, and
issue new 4 per oent bonds, but the new mortgage has not yet been
prepamd, and it is impossible to give any information as to the new
t
seciultles to be issued until extensions now under way are completed.
Under the terms of the contract or lease, the Chicago Oreat Western
Company will begin to operate the M. C. <fc Ft. D RK. when tbe connecting links have been tinl!-h«d. The probability
that the old line
from Fort Do<tge to Mason City and ex'ertslon Mason City to Manly
J unction will be taken over some time in October, and the oonneotlon
from Clarion to Hampton now under construction when completed,
U
United States Steel Corporation.
( Report for the six months ending Sept. 30, 1U01.J
The directors on Taesday declared the usual quarterly dividend of 1 per cent on the common and 1% on the preferred
stock. Subaequf-ntly the statement of earnings bsluw given
was made puulic. Regarding the exhibit, an officer of the
company is quoted as sayiDg
" We are well satisfied with the showing and we believe
our stockholders will be also. The fact that in the strike
months our earnings were so large may mystify many people,
but as a matter of fact the strike was in no sense of the word
a hurt to us, for the reason that it enabled us to make at
minimnm cost many necessary repairs, always incident to
Common,
first mortgage 4 per cent bonds was made,
from which
another piyment oq account of the reduction of th» preferred
shares will be made. The amount of the reduction and the
time whea said payment will be made have not as yet been
announced.— V. 71, p. 862.
H»l more & Potomac RR.— Consolidation.— See Philadelphia Wilmington & Baltimore below.— V. 78, p. 1079.
Brooklyn Rapid Transit Co.— Through Electric Trains.—
in response to a series of questions:
156,467
$636,990
Npt earnings for year..$2,123,f 40
Preference dividend <"%!. $954,681
1,441,632
Dlv. on common Btook(c n
[Vol. LXXIII.
probably about J-mnary
1, lt<02.
<fe Pacific RR.— The Wisconsin Minnesota &
6'2 miles of road on which It will have outstanding, about Oct. 1st. $3,960,0(0 of 4 per cent boi dt insned under
Wisconsin Minnesota
Pacific
KR now owns
2-1
wu
mortgage of Oct. 1st, 190
The Duluth Red Wing & Southern
taken over on July 1. lt-01, and the $500,000 bonds of that company
were canceled, and the mortgage saiistied by the Central Trust Co.,
trustee. The WiDona <fe Western had no bon s whatever outstanding,
and was deeded to tbe Wisconsin Minnesota & Pacific Coaipany, free
and clear of all incumbrances, under date of 8ept. l<tb, i9i)i.
Cah Trusts.— The Chicago Great We-itern still has one o <r trust outstanding made la July, 1900, on whioh there will be a balanoe outstanding on Oot. 1st of $338,937, which wUl probably be retired in the
near fuiure.
Obkek Bay & Webtebn Ry.—There is no truth whatever in this company acquiring tbe Gre-^n Bay & Western. This company has not
made an» negotiations whatever in regard to acquiring It and has no
intentions of doing so.— V. 73, p. 615, 665, 551.
>.
-
—
Chicago a Juliet Electric Ry.— In Operation. The new
company and the Ctiicago & DrS^laines Valley
Electric Ry., frou Joliet, III., to Archer Ave. and the city
limits of Chicago (where connection is made with the City
Railway), was formally opened to the public on Sept. 25.
Both companies are controlled by the American Railways
Co. Power is obtained from the Economy Ligut & Power
Co. of Joliet, which see below.— V. 73, p. 183.
Chicago Milwaukee & St. Paul RR. New Directors— On
Sept. 28 Henry H. Rogers, Vice-President of the Standard
Oil Co., was elected a director to succeed A. Van Santvoord,
deceased.
William Rockefeller was re elected a director,
giving the Standard 0.1 interests two representatives. The
board now includes:
J. Ogden Armou', Chicago; August Belmont, New York; Frank S. Bond*
New York; A J. Karling, Ctiicago: Frederics Lavton, Milwaukee: Peter GeddesOdarles W. Harkuei-s. Joseph Milbank, Roswell Miller, William Rockefeller.
Heury H. Rogers, James H. Smith and Samuel Spencer, all ot New York.— V.
line of tnis
73, p. 550, 602.
Choctaw Oklahoma & Gulf RR.— New Line in Operation.
extension of this line from Weafcherford to Sayre,
— The
Okla., 52 miles, i-3 now completed and through train service
from Memphis to Sayre, a distance of 627 mile?, was inaugurated on Sept. 29. On the same date this compaay assumed
control of the Little Rock & Hit Springs Western, between
Little Rock and Benton, through trains being run between
Tbe shareholders will
Little Rock, Ark., and Hot Springs.
vote Dee. 2 to ratify the lease of this portion of the Little
Rock
Hot Springs Western RR. The ot Springs RR. Co.
has under construction from Benton a line of about 20 miles
in length to a point on the Hot Springs Railroad, and when
this line is completed through t rains will be run over the portion
of the Little Rock & Hot Springs Western Railroad, which
is leaned to Benton, and thence over the Hot Springs Railroad
into Hot Springs.— V. 73, p. 137.
Cincinnati Georgetown & Portsmouth RR.— Change in
Control— Operation by Electricity. A press dispatch from
Cincinnati announces the sale of control to Comstock Brothers of Detroit, who, it is stated, will change the gauge to
standard and operate the line by electricity.— V. 71, p. 863.
H
&
—
Cincinnati New Orleans & Texas Pacific Ry. —Proposed
Extension of Lease. The rental provided in the proposal to
extend the lease of the Cincinnati Southern Railway, approved by the trustees of the Cincinnati Southern Railway
and the trustees of the Sinking Fund, and to be submitted
to a vote of the people at the next election, is as follows:
—
Section 5.— Rental, according to the terms of the present lease, to be paid in
casn up to and including tbe payment of Julr '2, l*o<j. The rertat subsequent
to July 12, 19u2, becoming due under tbe terms of the present lease to be paid
at i lie rate of $l,o50,ou0 per annual in cash on the quarterly due dates, and the
remainder of $60,00o per quarter to be deferred from time to time as it accrues,
and to be paid in quarterly payments of $10,000 per quarter, being at the rate
ot $40,000 per ann' m, with imeresi on all such deferred payments at tbe rate
or 3 percent per annum, payaole quarterly, until paid. Such quarterlj payment of $ 0,0'X) to begin Oct m, 1 02.
Section 8.— That the time of extension of said lease shall be for and during
the full term of 60 years from the date of the srpiration of the preient term,
October
5,
THE CHRONICLE.
1901.
that Ib to ear uuill Oct 19, 1WW. Said party of the st>o-<ni>i |..-ii to have ami to
hold fie doiut-fd premise* and all aodltlOM and luior.vennMii- i ii.ii. 1, tor the
in -,u<i lea-t- and
t friii aijuvc aiHU'il upon tbe term* and <» nidi Hon.- stipulates
in Inn tiineiiiur- extenriiiiK the 8»me.
The mutual rental tierebr reserved, which iho part; "f ih<; saeond imri
lawful um ei 01
United
covenants to pay initio party ot ho tlrot part
siatfb of America, at the treasury of the City of Oluolanatl, Ohio, patabla
<iu .ricriy on the Klh days or January, April. July and October in oiiili and
every year of the extended terra hereby Kr*tU'e>'. dial be iba Sam* lollnwlug,
towil: DurliiK toe/lsf period of '^n vcamoi Him Mid estendrd terni hereby
granted the annual rental of $l.i'f>u,et)0: during the won period of 20 year* of
rental 01 11,100,000: during
the i«aid en ended term hereby granted the aunu
the third period of vo rear* OI ibe said extended tei in barab] granted ice
annual rectal of $1,200,000. -V. 78, p. 111. ad.
i
'
m
i
I
l
I
Columbus Kln*ora&Sprim,'lleld R It. —Sa'e
Oct. 19.— The
foreclosure sale of this road, ex'ending from Kiukora to New
LisboD, in Burlington Coauty, N. J., a distance of 16 miles,
Henry G.
is advertised for Oct. 19 at Mt. Holly, N. J.
L^ughlin. 11' 6 Stephen Girard Building, Pni'aielphia, it*
Master. The sale will take plac« uoder order of the Circuit
Ci'urt of the United States for the Eastern District of
Pennsylvania.
Consolidated Traction Co. of Pittsburg.— See Philadelphia
Company below.— V. "3, p. 553.
Detroit Southern RR.— New Securities Ready.— The Continental Trust Co is now delivering thisc iiupiay's eagraved
oting tru-*t sto ;k certificates in -xch tng^ for the certificates
of deposit for Oaio Southern RR. second mortgage bonds
and stock. (See basis, V. 72, p. 1233.)-V. 73, p. 1237.
Henderson Bridge Co. Protective Measures.— F. J. LisCo., 3<i Broad St., request tbe stockholders to communicate with them with a view to taking protective meas
man &
urea.— See V.
73, p. 444,
723
approval of this meeting. The ajcTeeuiet t pr »vi les fur the
by tbe common atd preferred etcckboHers f the
Consolidated Traction Co. of their stock with eit' ei the- City
Trust Co. of Pittstm-g or the Land Title &Tmnt Co of
If the control! ng interest shall
Philadelphia, before Nov. 1.
be deposited, tbe depositing shareholdt rs will r*C6 v.
For two $50 share* ($100) of Consolidated Truoti' n ci tnium Block.
One $ >!. chat e of bllad- lplila Co common clock.
deposit,
<
'
For eaott #M) share of Consolidated Tract ion preferred stock Mortgage bonds. ifc'iO; preferred stock, 1(17 SO; common stock, IJ ;,0; cash $3.
:
Tbe Poiladelphia Company is not requited to 'alee any
Consolida'ed Traction Co. s'ock that is n t d«-p .-red before
Nov. 1 (see farther particulars in V. 73, p. 554). The arqnisition of the Mellon properties under 099-year 1. asea (•» v. 78,
dispatches, dt finitely
p. 6*8), was according to the press
arranged yesterday —V. 73, p. 663, 554.
Philadelphia Wilmington & Baltimore RR —Offer— Consolvation. With a view to consolidating this comoiny with
tbe Baltimore & Potomac, the Pennsylvania RR. Co. has
offered the minority shareholders of the Philadelphia Wilmington & Baltimore $100 a share for their stock (pa' $50),
or three share* ($150) of Pennsylvania for two ($100) >t Philadelphia Wilmington & Baltimore stock. V. 72, p. 1081.
—
—
Railways Company General.— Report.— The anuual report for the year ended June 30, 1901, snows net income derived from interest on bonds of subsidiary companies $0,626;
salaries, rents, taxes, etc., $10,230, and in'errst on fl >ating
debt $10 066; balance surplus iucome $30,330. Cash in treasury June 30. 1901, $321,919; due from subsidiary companies,
V. 73, p 445
Kansas City Clinton & Springfield Ry.— Purchase.—Tbe $72,693 —See
Capi'al Stock.— The proposal to reduce the
Reduction
of
shareholders oa S-pt. 24 ratified the parch tB* from the Kan
capital stock from $1,500,00') to $l,2U0,0o0 was unamm usly
sas City Fort Scott & Memphis RR. Co. of the portion of its
approved a r the annual meeting on Tuesday (see V. 73, p.
line extending from Arcadia, Kan., to Springfield, Mo., 87
.
miles. This action is a legal step in connection with the plan
San Francisco and Ktnsas City
for uniting the S r- Louis
Fort Scott
&
&
Memphis systems.
See V. 73,
p. 236,
Kansas City Southern Ry.— Earnings.— The results for the
years ended June 30, 1901 and 1900, it is stated, compare as
follows :
1900
01.
Gross.
$t,7.S3.0B6
18s*!-
00
4,098,070
Tear.
-V.
Net.
73, p. 616.
Manhattan (Flevated) Uy.— Electrical Equipment.— Presi'•
dent George J. Gould is quoted as saying
Tbe electrical
:
equipment of our lines has been much delayed by the companies which have the contracts for machinery and material,
but we are making good progress now. We expect to have
some of the new trains on the Second Avenue line in Novem
ber. The Third Avenue division will come next and then the
Ninth Avenue branch. The change will be a gradual one,
but we shall be running electric trains on the west side by
next summer/'— V. 73, p. 336, 138.
Nashville (Tenn.) Street Ry.— JVo Rival Franchise.— The
ordinance granting a franchise to a rival company to be
known
as the People's
Railway Co. was withdrawn in the
it
lacked public support
city
—V. 73,
p. 392.
New
Orleans
&
Carrollton RR. Light
& Power Co.— Con-
solidation.— Oa. Sept. 25 the necessary legal papers were
eigDed for the consolidation under this <itle of the New
Carrollton RR. and tbe Edison Electric L'ght Co.,
Orleans
per plan in V 73, p. 138, 82. J. K. Newman, President of
the old Ntw Orleans
Carrollton Ry. Co., wili be the President of the new concern.— V. 73, p. 554, 138.
Norfolk (Mass.) Southern Street Ry.— Sale Cat. v
The
forech sure tale is set for Oct 8.— V. 73, p. 338.
Northern Pacific Ry.— Board Re-elected— The Board of
Directors nominated by Mr. J, P. Morgan a few months ago,
and subsequently elected, was re-elected at the annual meeting on Tuesday. See the n-imes in V. 73, p. 185. Robert
Bacon, of J. P. Mjrgan & Co., voted about $140,000,000 of
the company's §55,000,000 of capital stock, his proxies inclcding Kuhn Loeb holdings as well as those of the MorganHill party.
V. 73, p. 603.
&
&
—
—
'
Ohio Southern Rft.—New Securities.— See Detroit Southern RR. above.— V. 73, p. 888, 237.
Ottumwa (la ) Electric & Steam Co.— Successor Com p my.
—See Ottumwa Traction & Light Co. below.— V. 73, p. 13y.
Ottunma (la.) Traction & Light Co. New Comp j.r,y.—
This company has been incorporated in Iowa witn $500,000
authorized capital stock as successor of the Ottumwa Electric & Steam Co.
The incorporators include Joseph H. Mer
rill, Jarreit W. Garner, Jacob B. Sax and
W. R. D.iggett,
the President, Treasurer, Secretary and Vice-President, respec; ively, of the old o ompany.— V. 73, p. 139.
Pennsylvania RR.— Consolidation of Subsidiary Companies.— See Philadelphia Wilmington & Baltimore below. The
Pennsylvania owns $l0,b90,9i0 of the company's f 11, 819,350
capital stock, so that the acquisition of all tee minority stock
on the terms offered would require not exceeding $1,856,800
cash or the issue of not over $1,392,60
Pennsylvania stock,
or proportionate amounts of each.— V. 73, p. 185, 063
Philadelphia Company of Pittsburg.— Purchase of Consolidated Traction Co.
The shareholders will meet Dec. 4,
1901, to authorize the stock and bonds necessary to carry into
effect the purchase of the stock of the Consolidated Traction
Co. on the terms already announced. The agreement with
Messrs. Widener and Elkins has been closed subject to the
)
—
St. Louis Southwestern Ry.— .Director.— Charles Parsons
of St. Liuis has been elected a director , euoce- ding A. L.
Wolff. See report on page 720.— V. 73, p. 551, 237.
Southern Pacific Co.— Presidency —Owing to the change
company, by which it has become a deCharge*. Bal., surplus. pendency of the Union Pacific RR., President C. M Hays
$790,902
$448,s66 voluntarily relirqu'sbed en Oct. 1 his connect-on with the
property
Mr. E. H Harriman has been elected Mr. Hijt's
$1,239,768
683,406
Council on Sept. 26 because
338). -V. 73, p. 445.
in the control of the
successor.— V.
78, p. 445, 392.
Temiscouata Ry. of Canada.— Default— Deposits.— Interest
being in default upon the £14 ),000 first
rt^age 5 per cent
boids of 1890, secured on the St. Francis branch, th* holders
thereof are lequested to deposit their bonds with the bond-
m
holders' committee,
Winchester House, London, E
C.
The
extends from the Intercolonial Ry. at Riviere du Loup,
on the St. Lawrence, to Edmundston, New Bruoswick, 81
miles, with branch to Connors, 32 miles. There is also an
issue of £320,450 of first mortgage 5s of 1890, covering the
line
main line.
Texas & Pacific Ry.— Called Bonds.— First mortgage Eastern Division bonds of 1875 for $123.(00 have been called for
payment and will be redeemed at par and interest upon presentation at the Mercantile Trust Co., interest ceasing March
1,
1902.— V.
Toledo
72, p. 11-9.
& Maumee
Valley Ry.— Purchased.— The "Toledo
Blade" p«yd that Gay Walker of Cleveland, acting on behalf
of the Everett Moore syndicate, has purchased the capital
stock of this company and the Watervile extension; the
price approximating §680,000, of which $ 00,000 was paid
down. The power plant at Maumee, it is stated, is not included in the deal.
Union Piuiflc RR.- No Salt Lake Cut o/.-The p'an of the
late C. P. Huntington, as President of the Ceii ral Pacific,
for the construction of a cut ff across Salt Lake f lOm Ogden
to Lucin, has been reported adversely upon by Engioeer
Berry, on ihe ground that changes in the level of the lake
would endanger the structure. V. 73, p. 446, 2 i~,
Consolidation
This comL'tica & Mohawk Valley Ry.
pany was formed on Sepr. 27 by consolidation of the Utica
Belt Line Street
Utica & Suburban Ry., U ica & Mohawk RR Utica <& Deerficld Ry. and Herkimer Monawk
Ilion & Frankfort Electric Ry.
Further pan lculars regarding this property, the bonds on which have be. n purchased
by N. W. Harris & Co., will be found in V. 73, p 2bH.
Worcester Traction Co.— Reduction of Stock. -The shareho'ders will vote Oct. 7 upon reducing the preferred stock
from $2,000,030 to $40,(00 by cancellation -Se- Worc< ster
Railways & Investment Co., V. 73, p. 392, 83. V 78, p. *>>8.
(
—
RR
—
,
,
—
INDUSTRIAL. HAS AND MISCELLANEOUS.
Amalgamated Copper Co.— Reduction of Dividend b>,
Parrot Co.— See Parrot Silver & Co, per Co. be,
Lit gAion — The suit of Daniel Lamm ut.d J >hn MacGinnis, through Mr. II -in/. -'s attorneys, In winch the injunction was letued rfstrhiticg tbe Boston & .Mint ana Co.
from paying over any money to the Amalgamated Copper
Co. or from doing any other act under the plan f t consolidating the oou-p-nies, was argued recently in the Duited
Srates Court in Montana, but however decided it is likely, it
is said, to go to the Uuited States Supreme Court for final
adjudication. The injunction does not restrain the payment
of dividends to the minority stockholders. — V. 7i, p 604,238.
American Car & Foundry Co.— Earnings.— The net earnings for the four months ended Aug. 31 are reported as
THE CHRONICLE.
724
$1,086.^64, against $2,002,742 for the corresponding period a
ano, a decrease of $915,878. The demand for cars,
continues heavy, but is more evenly disit is stated,
tributed from month to month than in 1000. The regular
year
quarterly dividends on the common and preferred stocks have
been declared. They call for §6:5,009 —V. 72. p. 1281.
American Cotton Oil Co.— Time for Deposits Extended.—
The s ock holders' committee in a circular Hay:
Tlie committee have naked the First National B*nk, depositary, to
defer rtelt\ erv of certificates for a few dajR. p«ndmg determination of
matt*- re i-nlatlng to the Hating of the oertltioatoH on tlie New York
Stock Exobange Deposits to a very large amount u*vo b«en made or
assured, and to aooommodate absent stockholders the time for deposit
has been extended to Oct. 31, 1901. -V. 73, p. '2i8, 13».
American It e Co.— Law Upheld.— The Court of Appeals on
Tm-eday banded down a decision sustaining the cons i u locality of the Donnelly Anti-Trust law and upholding the
order granted by Justice Cbaae upon the application of
Attcrot-y General Davies. appointing Referee M>erNussbaum
to eximine the c mpany's officers piep*ratory to bringing an
action to annul its right to do business in this State on the
round that it is an unlawful combination. See V. 71, p.
f
068; V. 70, p 1051 1293. The case will be appealed to the
United States Supreme Court.— V. 73, p. 617.
American Locomotive Co.— Enlargement of Plants. The
conjpan>'s intention to increase the aggregate, capacity of its
plants from l,7<i0to 2,000 locomotives yearly was announced
Now it is learned officially that the directors have
last July.
appropriated $1,250,000 for extensions of the various plants
that will ra'se the annual capacity "to not less than 3,000
locomotives." V, 73, p. 664, 186.
American (Bell) Telephone & Telegraph Co.— ConsolidaSee Pennsylvania Telephone Co. below.— V. 73, p. 555.
tion.
r
—
—
Ames Shovel & Tool Co.— Officers.— The
new company are:
officers of this
Wm. J. Alford; Secretary
The directors lnolude
Treasurer, Oliver >V. MlDk
with the foregoing, Oliver Ames, Samuel (Jarr, Gilmer Clapp. Charles
H. Myers, Julius C. Birge, Howard Rowland and G. F. Timmerman.—
V. 73. p. 3*3.
PreMdent. Hobart Ames; Vice-President,
Wm. H Ames;
Vol. LXXIIL
De Bardeleben Coal & Coke Co.— Mortgage.— The company
has filed at Tuscaloosa. Ala., a mortgage for $250,000 in
favor of the City Tiu-t Co. of New Y ;rk a* tiustee.
Diamond Match Co.— Suit.— John F. Nfstor and the other
members of a Detroit lumber firm have filed suit against the
company in the United States Circuit Conrt at Chicago for
damages, on the ground of failure to comply with
the terms of a contract alleged to have b*-en made in 1891 for
the purchase of lumber.- V. 73, p. 495, 238.
$l,000,0i>0
Dolgeville Electric Light
& Power Co.—Sold.— At
the
&
foreclosure sale on Sept. 17 Richard L Storrp, of Bf-rtron
Storrp, of this city, representing the Herkimer County Electric Light
Power Co., bid in the main property foi $20,000
and certain materials for $250.— V. 73, d. 289.
&
Faribanlt (Hlnn.) Consolidated Gas
—
&
Electric
Co.—
Sold.
At the foreclosure sale on Sept. 23 the property was
bid in by a representative of George C. Hollister, of New
York City, for $25,000. The amount due on the mortgage
was $111,879.— V. 72, p. 90.
General Chemical Co.— New Preferred Stock.— The
direc-
have authorized an increase of 10 per cent ($826,000) in
the preferred stock, and the preferred shareholders are permitted to subscribe to their pro rata share of the same at
par on or before Oot. 15.
The issue has been underwritten by the board of directors at par without commission.
From the organization of the company to June 30, 1901,
more than $1,465,000, it is stated, was "expended for the
tors
acquisition of seven additional plants and for strutlynew
construction over and above repairs and renewals, $8(0,000
of which will be capitalized by this issue, the remainder
being taken care of by surplus earnings."— V. 72, p. 823.
Herkimer Co. Hectrlc Light & Power Co.— See Dolgeville
Electric Light & Power Co. above.— V. 71, p. 1272.
Hnntington (N. Y.) Light & Fuel Co.— Called Bonds.—
Sixteen ($16,000) first mortgage bonds of 189 have been drawn
for the sinking fund and will be paid on and after Oct. 15 at
the Manhattan Trust Co., viz.: Nos. 9, 24 34, 40. 51, 59, 65,
»
Bethlehem Steel ^o.— Payment for Minority Stock —Pay- 88, 106, 109, 114, 116, 123, 128, 133, 176.— V 71, p. 664.
International Salt Co.— Prospectus— Terms of Exchange,
ment was made on Sept. 27 through Drexel & Co. of Philadelphia for account of Charles M. Schwab for the greater This company, incorporated in New Jersey last August, has
—
its capital stock to$30,0U0,0 M»,allof one class ($100
and has issued a prospectus relative to the terms on
which it will give its securities in exchange for the shares of
ning Co., provided
the National Salt Co. and the Retsof
of the National Company's $12,000,000 stock and
$6,000,100
73, p 664.
$1,800,100 of the Retsof Company's $3,600,000 stock shall be
Camden (S. C) Water, Light & Ice Co. -Bonds Offered.— deposited on or before Oct. 10 under the plan. Bonds also for
Sidney C. .Love & Co., of New York and Chicago, are offer- $4,500,000 are reserved in the treasury for the purpose of puring at 105 and interest, $100 000 first mortgage 5 per cent chasing the "stock, properties or securities of the Canadian
sinking fund gold bonds, dated Oct. 1, 1901, due Oct. 1, 1918. salt companies, some minor salt plants in the United States,
Catawba Electric Power Co.— Sold.— The company's prop- the salt companies of Porto Rico and the salt industries of
erty, including the Mountain Island cotton mill, about 1,100 Great Britain, and for such other purposes as the board of
acres of l«nd and a water-power plant on the Catawaba directors shall deem expedient." Tne terms of exchange now
Riv-r at Mountain Island, N. C, was sold under foreclosure offered are as follows:
at Dallas, N C, on Sept. 11, and purchased by Baltimore
National Salt Co.: For every ten shares ($1,000) of the $5,000,000
parties for $175,000. The Fidelity & Deposit Co of Mary- preferred stock, one $1 000 5 per cent gold bond of the International
land was mortgage trustee. Bonds for $151,000, it is stated, Salt Co. and one share * 100) of is capital stock.
For one ($00) share of the $7,000,000 common stock, one ($1C0)
were outstanding, on which was overdue interest $50,000.
share of International Salt stock.
Retsof Mining Co For one $1,000 bond (Issue $2,500,000), one
Central Pennsylvania (Bell) Telephone & Supply Co.—
$1,000 International Salt bond, and $ too of International stock.
Consoliai t'0n.— See Pennsylvania Telephone Co. below.
For each $ Oo share of $3,6.0,000 stock, one $luO share of InterV. 70, p. 843.
national stock.
The tonds will be "First and Consolidated Mortgage ColConsolidated Telephone Co. of Pennsylvania.— Consolidalateral
Tiust 5 per cent Gold Bonds," dated Oct. 1, 19 '1, and
that
this
report
company,
despatctes
with
P-ess
tion.
$4,000,(00 full-paid stock and $6,000,000 bonds ($2,500,000 out- due Oct. 1, 1951, but subject to call in whole or in part at any
standing), has completed its absorption of the following in- time at 105 and interest; sinking fund shall retire $200,000
bonds yearly. Total issue of bonds limited to $12,000,000, of
dependent companies:
which
$7,500,000 will be used for present purposes, and the
People's of Wilkesbarre, Anthracite of Hazleton, Slate Belt of
Sla'lngion. Lehigh ol Allentown, Schuylkill Valley of Reading. balance, $4,500,000, will remain in the trtasury, together with
Lackawanna Telephone & Telegraph of Soranton, Interstate, which $11,250,100 stock for future acquisitions, etc. Tne bonds
operates m Lackawanna, Luzerne and adjoining counties and oonneots
will be secured by mortgage to tne United States Mortgage
with the Keyrtone of Philadelphia.
part of the 132 000 shares of minority stock at $24 per
share. See V. 73, p. 446; V. 72, p. 1282.—V. 73, p. 446, 393.
Boston & Montana Consolidated Copper & Silver Mining
Co.— Legation. — See Amalgamated Copper Co. above.— v.
increased
shares),
M
(
:
real and per& Trust Co., as
Robert E Wright of Allentown is President.— V. 73, p. 238. sonal properties acqaired in cairying out ihe plan.
"The BritConsolidated Tobacco Co. British Company
A syndicate has been formed under the management of
ish T. bacco Company" was registered in London on Sept. 28 Oikleigh Thome, and to this syndicate the company has issued
to acquire, it is understood, the assets of theOgden's limited, $18,750,000 of its full-paid capital stock and the $7,500,000
and perhaps other concerns. The subscribers include Messrs. bonds. Of these securities the entire amount of bonds and
Dake, Dala and Harris of the Consolidated Tobacco Co. $11,350,000 of the stock will be set aside to acquire as far as
Thenmouitsiffered for the entire stock (£200,000 each of may be the aforesaid stock and bonds of the National and
common and preferred) and the debentures (£6t> 000) of the Retsof companies, and $7,400 000 of stock will go to the synOgden's Companys aggregate about £818,000.— V. 73, p. 662, dicate for .xpenses of organization, providing $1,000,000
680.
working capital, etc. No preferred Btock can be at any time
Consumers' Brewing Co of Rosselyn, Ya.— Receiver.— issued except by and with the consent of the holders of at
Judge Waddill of the United Spates District Court ot District least two-thirds in amount at par of the common stock
of Virginia has appointed President James Richardson re- actually outstanding, represented at a meeting called for the
ceiver for this cjmpany. There are outstanding, it is said, purpose.
Security holders of the National and Retsof companies who
$200,000 in first mortgage and $100,000 in second mortgage
agree to the proposition are requested to deposit their stock
bonds on which interest due June 1 has not been paid.
with the North American Trust Co. on or before Ovjt. 10 in
Cumberland Telephone & Telegraph Co.— Status of Bonds exchange f r negotiable trust receipts. The board of direcof People" Teteph me Co. of New Orleans. A correspondent toisof the National Salt Co. recommends the exchange of
has favored us with the following
stock on the basis above stated. "It is es imated that under
It wus onr understanding that the Cumberland Telephone Company
than 15 per cent will be shown for
was interested in he purchafe of the People's planr at NVw Orleans the consolidation not less
but did not ass me th-it company's bonos The faot that the cor- the common stock." V. 73, p. 3J4.
porate ei'tity of the Peepln's Company was maintained verified this
Long Island Water Supply Co. Dissolution.— Justice
report. W« are now advi-ed that the People's rei*-phoue bonds were
not mentioned as recognized Hens by the Cumberland Com pan in Betts in the supreme Court at Brooklyn on Ta*-sday granted
listing Its stock on ihe Boston stock Ex hante because of the fact that an order for tho dissolution of the company.— V. 70, p, 794.
no obligation in tbis connection rests on the Cumberland Company.
Michigan Steamboat Co.— Mortgage.— The company has
We und«-i stand tne propertv secured by the People's bunds has been
disposed of.-V. 73, p. 238, 84.
made a mortgage to the Union Trust Co. of Detroit to secure
trustee,
—
—
i*
:
—
i
i
upon
all stocks,
bonds,
October
5,
THE CHRONICLE.
1901.
$135,000 five percent $1,000 bonds maturing aunmlly, It is
19 8, up to and including 19.6. The mortgage
covers the new steel steamer Colonel.
said, alter
—
National Enameling & Stamping Co.— Bowt* Offered
Whitaker & Co., of Sr. Louis, are offering $i00,00o of the
company's $2 "iO 1,000 first mortgage 5 per cent gold, binds.
dated Sept. 1, 1901, denomination $1,000, maturing $950,000
yearly, beginning Sept. 1, 1903; interest (Mirch I and S-nt.
payable in gold at the St. Louis Trust Co., St. Louis.
Price par and accrued interest for those ruuning from 2 to
5 years; 101 and nocrued interest for those running from 6
to 10 years (see V. 73, p. 239).— V. 73, p. 496.
1)
—
National Glass Co. Withdrawal from Glass Association.
has given notice of intention to withdraw
from the Glass Association on Jan. 1, 190i.— V. 73, p. 618.
National Salt Co.— Terms Offered.— See International
Salt Co. above.— V. 72, p. 1283.
—The company
New London Steamboat Co.— Hold.- See report of
York New Haven & Hartford RR. on page 721 of this
of Chronicle.
New Orleans Ughling Co.— Deposits
New Orleans Gat-light Co. not as
Till Oct.
amount outstanding
to $5,600,0
(not 16,0' u
I
uer-
There are hImo outstanding
jo of 5
per cent bonde, the linking fund lor which bold* $J5U,0« 0.
Sheet *teel 1 lant. — The Sharon Bheet Steel Co. was incorporated recently with $5( 0,000 <>f authorised oapltal stock (all
to be owned by the Sharon Steel Go.) to bull
a ten mill plant
at Sharo". P*., foi the manufacture of black and galvanized
shtets.-V. 73, p. 894,
ally reported).
>
1
Southwestern Coal & Improvement Co.— Bowls Offered.
Tne North American Tru-t Co. and Lawrence Barnum & Co.
are offering to investors $350,000 of tuo oompanj 'a tirat mort6 per cent gold bouds of 1889, uocondiii anally guaranteed as to principal, interest and tiuking fund by the MisTexas Ry. Co. See advertisement on p«ge
souri Kansas
viii.
also page 92 of Investors' Supplement.
V. li, p. 725.
gage
&
—
;
Telephone Telegraph & Cable Co. of America.— Option
Exe cised.—Thk) result of the examination of the books naving proved satisfactory, Charhs W. Morse has exercised his
New option on more than two-thirds of the capital stuck at 50 per
issue cent of the amount paid in. The City Tru-t Co. is making
payment for the deposited shares on presentation of the cer-
15.— Stock
yet deposited with
Savings Bank of New Or-
of the
the
725
United States Safe Deposit &
leans, under the agreement made with H. H. Pearson Jr.,
must be deposited ou or before O t. 15, as no stock will
be thereafter received except upon such terms as the New
Orleans Li^hing Co. may in its discretion hereafter fix.
Increase of Business. The gain in meters in use for the
three months ended Aug. 1 is reported as 3,191, being %*>% per
cent, and the meter sales for July as 18,656,000 cubic feet,
being 51 per cent greater than in July, 1900. Over 3,000 gas
ranges had been placed iu use where previously only 600 had
been employed. V. 73, p. 680.
—
tificates of
deposit.— V. 73,
p. 555, 418.
—
Co., Limited.— St ck Offend.
Jersey corpora ion is offering at $1 oO a snare a
limited amount of its $10 "full paid" shares. Tne authorized
capital stock is $2.500.0dO, of which $5u0,000 is "trusteed lor
treasury." An advertisement says toe company's property
oonsis s of 38 square miles of laud in the Albert Coalfield in
Westmoreland County, New Brunswick, beginning at tidewater. Office No. 11 Broadway, N. Y.
Tidewater Cannel Coal
This
New
r
Twin City Telephone Co. of Minneapolis and St. Paul
Operations— Bunds.— F. M. Buck, tor nearly 20 years Contract Agent for the Chicago Telephone Co., has been el c ed
Second Vice President and Contract Agent of the Twin City
Oshfcosh (Wis.) Water Co.— Foreclosure.— A. E. Thompson, Telephone Co., with his headquarters in St. Paul. He will
trustee under the first mortgage for $i40,000, ha* instituted tiave special charge in that city and push the work. Presiforeclosure proceedings in the Circuit Court of Winnebago dent Moulton is giving his personal attention to the advanceCounty, Wis. Interest on some of the bonds is reported to ment of the company's in erests in Minneapolis, and the
have been in default for two years past. Peyson & Co., of rapid increase in the company's business from month to
Portland, Me., represent the first mortgage bondholders. month attests his efficiency. The income in March, 1901, was
There is also a second mortgage for §301,0i'0. The city is reported as $24,( 00, for April $32,000. for May $48,0t0, for
withholding the rental for hydrants until improvements shall June $62,000, for July $68,000, for August £86,000 and for
be provided, including filter, etc., to cost $60,000.
September over $100,000.
Bonds.— The Trowbridge & Niver Co. of Chicago are
Parrot Silver & Copper Co. Dividend Reduced.— This
company, a majority of whose $2,298,500 capital stock is handling the 5 per cent gold bonds of the Twin City Teleowned by the Amalgamated Copper Co., has reduoed its phone Co.. and, it is stated, are finding for them a ready sale.
quarterly dividend from $1 50 (15 per cent) per $10 share to We are favored with the following:
—
r
f
payable Oct. 28 to stock of record Oct. 12.
In other words, the annual rate is now 40 per cent in place
of 60 per cent, as since May 31, 1899.
Pennsylvania Bell Telephone Co.— Consolidation. —This
company has decided to increase its capital stock from
$599,467 to $1,743,000, issuing the new stock in exchange § tor
$ for the st. ck of the Central Pennsylvania Telephone & Sup
ply Co. B >th companies are controlled by the American
Telephone & Telegraph Co. The Central Company his outstanding $168,500 first mortgage 6s aad the Pennsylvania
Telephone Co $300,000 first mortgage 5s. (See V. 73, p. 446.)—
V. 72, p. 678.
Pittsburg Plate Glass Co.— Increase of Stock.—The shareholders will vote Dec. 2 on the plan to increase the capital
stock from $10.00<>,000 to $12,500,000. Stockholders of record
Sept. 18 au subscribe for 25 per cent of their holdings at
par, $ 00 per shire, payment to be made 50 p«r cent Jan. 2,
1902, and 50 per cent April 1, 1902.— V. 73, p. 680.
$1, or 10 per cent,
i
Pittsburg Stove
"Pittsburg
G
& Range
z- tte."
says the
Co. Removal of Plar»t. —The
company has arraoged to move
bu«inees to Beaver Falls, Pa., where a
will be erected at a cost of $200,000.— V. 73, p. 496.
its entire
new
plant
Pottsville Iron & Sted Co.— Successor Company.— See
Eastern Steel Corporation above.— V. 69, p. 284.
Pressed Steel Car Co.— Half'-Year Report.—The company
has begun istuiug quarterly statements of earnings and has
made
public the results of the half-year as follows
HALF-YEAR ENDED JUNE 30, 1901.
Net earnings for quarter ended March 31, 1901
June 30, l9ul
•
Net earnings for half-year ended June 30, 1901
Deduot pref<ri>d dividends 3*2 per oent
Interest and depreciation
The Royal Trust Co.
73,
$439,330
64., 369
$1,081,099
$137,500
159,883
187.
Retsof Mining Co.— See International Salt Co. above.
Rome (Ga ) Gas Light Co. Rectiver.— Judee Newman in
theUuittd S ates Courn at Rime, Gi., on S^pt. 26. placed
the company in the hands of W. S. McHenry as temporary
receiver. The interest due Jan. 1, 1901, and since, on the
$42,500 first mortgage 6s of 1897 is in delault.
St. Lawrence Power Co. of Massena, N. Y.— Plant
Started. The company's plant was started for the first time
on Oct. 1. See V. 71, p. 1223.
—
of Chicago
is
mortgage truetee.— V.
448.
United States Steel Corporation.— Earnings— See state722, ULder Annual Reports.— V. 73, p. 681, 622.
ment on page
Universal Tobacco Co.— The Harry Weissinger Tobacco
amended its articles of incorporation increasicg
debt limit irom $125,0C0 to $350,000.—See V. 73, p. 448.
Co. has
its
Utah Light & Power Co. (Salt Lake City and Ogden,
Utah).— Bonds Offered.— MacD nald, M.Coy & Co. ot Chicago aie offering bv advertisement on
of this company's $750,000 pri >r lien 5
Central Trust Co., trustee. The net
are over five times the interest charge
these
bonds— V.
71, p.
another page $300 000
per cent gold bonds;
earnings, it is stated,
on the entire issue of
1274.
Yosemite Steamship Co.— Mortgage.— The company has
made a mortgage
to the Union Trust Co of Detroit to secure
$125,000 covering the new sieamship Yosemite.
— The 1901 edition of Moody's Manual has just been issued.
The new issue contains over 400 pages more than the 1900
edition, and not only covers the industrial investment field,
but also embraces sections devoted to reports on the leading
gas, electric light, street railways and steam railroad corporations of the country. These improvements increase the
s 'ope ot the manual materially and mike it a reference book
of value to investors in all classes of securities.
—Messrs. MacDonald, McCoy & Co., Chicago, off^r $300,000
& Power Co. prior lien 5 per cent go d bonds.
The
I he property is in Salt Like City and Ogden, Utah.
tame house also invite attention to their list of municipal
issues.
See advertisement in our municipal department.
Utah Light
—Moffat & White are offering to investors stocks of the
American Telephone & IYh-grai h Co., which is the present
parent company, and also stocks of a number of its subPrice and information as to earnings,
bidiaiy cumpanies.
dividends, etc., can be had from the firm on application.
—
Stock. The oompany, we are informed, has decideu to issue $500,000 new stock, increasing
Sharon Steel Co.—Aew
p
:
Balance, surplus for oommon stock for half-year
$484,316
President Huffstot says: "The prospects for business, both
at home and aoroad, are very good, aDd we are in hopes the
comir g quarterly statement will indicate even better results."
—V. 73, p.
The bonds are first mortgage gold 5s, with Interest payable Jan. 1 and
July 1. except $100,(00 (Nos. 501 to 900). on which it is payable
quarterly tQ J.). The toial authorized Issue is $1, 250,00o. of which
$5' (,000 In $1,000 pieces matures )n instalments of from S^o.OoO
to $40,000 yearly on July 1, from ittll to 19*5, both Inclusive
The
remaining $750,000, inoludini? *5i 0.000 reserved for future extensions, etc., is In $iO>> and $=>00 pleoes and matures Juiy 1, 1**6, but Is
subject to call, in whole or in part, at US and Interest on July 1, i911,
or any interest day thereafter.
—Attention
&
is
Barnum
York.
&
called to the offering of
Co. 6 per cent bonds by
Southwestern Coal
Messrs. Lawrence
Co. and the North Aimrican Trust Co. of New
Improvement
THE CHRONICLK
726
[Vol. LXXIII.
Imparls and Qotummts.
LOUISVILLE
FIFTIETH
& NASHVILLE RAILROAD COMPANY.
ANNUAL REPORT-FOR THE FISCAL YEAR ENDING JUNE
To the Stockholders of the Louisville & Nashville RR. Co.:
The Board of Directors of the Louisville & Nashville Railroad Company respectfully submits the following report f^r
the fiscal year ending June 30, 1901
:
LENGTH OF ROADS JUNE
GENERAL RESULTS.
The General Results for the year, as given
Table No. I, are thus summarized
Credits to Income—
From Trafllo (Net Earnings)
From Rents
From Investments
From Other Sources.
Length in Miles
O) -Lines Owned
<2) - Lines Operated but Not
8,044 -28
290*e 1
Owned
70-48
Birmingham Bout hen RR. (one half of stock owned)
Central Transfer Ry. &8torageOo .Louisville (one half
-67
stock owned)
624-00
Georgia Kai road (Interested as Joint lessee)
Blrailnt'in Seltuai N.O. Rj. (majority of stock owned) 31-40
.
27,891 43
$10,493,861 03
Owned bt This Compant, but Operated bt Other Companies.
Padncah & Memphis Division (leased to N. C & St. L.
$4,281,112 97
GROWTH OF
The growth
TRAFFIC.
of traffic for the past ten years is
W. RR. Co.
at
4600
Vears.
Aver.
Mile*
Gross
Operating
Net
Earnings, Exptn.
Earn'gs.
Oper't'd
320-90
5,324-20
Total mileage
:
III.— General Balanoe Sheet.
In Detail.
V.— Securities Owned by the
IV.— Bonded Debt,
CAPITAL STOCK.
There has been no change in the Capital Stock this year
amount is $55,000,000. The $2,200,00' of stock in the
Treasury at the date of the last Annual Report bas been sold
the
»
and the proceeds applied
to various purposes as authorized
~
~l~
$
$
If 91-92. 2,857-91 21,235,721 13,792,122 7.443,599 7.430 60 4,825 »l
1-92 93. V.042-OS V2.403.639 14,382,642 8,020.997 7,615
,8^ J 8
1893- >4. 2.965- -8 18,974.337 11.863,7*5 7,110,552 6,418 97 4 013 48
1*91-95. 2.9*6-98 19,275,1-94 12,2 7.-. 73 6,-98.221 «,f.2l 01 4.16 '53
BONDED DEBT JUNE
The Bonded Debt as per Table V,
report, was
Bonds I»sued—
I
30,
1901.
last year's
',726
2.4<6
2,367
4.564 88 >,3V2
4.6 5 95 2.1«8
1,99388 2.367
5.261 64 2«H)
6.1X5 97 3,oS-
35
49
Deduct Bonds Redeemed—
Central Mortgage Bonds, for
Sinking Fui d
Cecilia Br.Bonds.iorSink. Fund
Evansvllle Heudersi n & Nash.
Dlv. Bonds, for Sinking Fund.
Pensaooia & Atlantio RR first
Mort.B. nds.forSiukingFund.
Louinvilie Railway Transfer Co.
Bond*, matured
Memphis <fc Ohio RR. Sterling
Mortgage Bonus, matured
Five twenty, Collateral Trust,
4% Bonds, exchanged
*
vl
3,1/88
77
86
84 •6753
26
27
78
h?
8<
67'98
87-81
6621
67-06
6507
Freight on Company's property eliminated.
IMPROVEMENT ACCOUNT.
The following expendi'ures made during the year for
equipment, improvements and additions to the several properties, which formerly were charged to Construction Account, have been charged te Optrating Expenses, and are as
Cuange
34.9C0 00
2-->5,877
2?5,195
151,424
165,031
18,781
3.694
3.524
in Grades
Culverts
in Poblio Road Crossings
Fenoing on line of road
Change
Dredsing at Pensaooia, Fla
Real estate
Right of way
Rail-— Value of the diffeienoe in weight of new steel
rails laid, replacing rails of lighter weight
Widening Embankments
Signals at Bridges
,
Ret»lnieg wall. Sulphur, Ky
Making open cut of north end Muldraugb Hill tunnel
Electric lighting, Tarragona Street wharf, Pensaooia.
Fla
48,000
281,C00
TMegraph Lines
WaterSupuly
3,000,000
Improvements— Henderson, Ky
Improvements— Greenville, Ala
$111,138,660
Decrease from last year
23
41
54
13
$111,138,660
18
75
00
52
97
76
991 39
New Machinery
1,525,583 59
Deduct freight charged to
30, 1901,
L.
& N.
material over
its
this
acoount for hauling
own lines
51,080 87
$1,474,502 72
Total.
COST OF ROAD AND EQUIPMENT.
Dlv. 50-
Oost of Road
June 30, 1900,
-was
To which add the following:
Memphis Line—
Expenditures ou Memphis connection track
Slouts Mountain RR. —
1,739.000
550,000
813,000
$5,645,000
United States Trust
Bonds deposited
Co. as ooliaeral for Fife-twenty, Col
laieral Trust, 4% Gold Bond-:
Unified ~>i.year4%Gold Bonde$10,640,000
wlili
f 114,025,864
$1,298
•
Expenditures for construction
Leduer value, 50 shares of stock In Stouts
Mountain n 11. (owneu by the L. & N. RR. Co.)
$37,815
i
10
37,855
Alabama & Florida RR.—
3,040,000
13,680,000
$473,219
Expenditures for construction
Co»t of 3,640 shares of stuck in Aui.ama &
361.000
Florida Kit. (owned by the L. A N. RR. co.)..
Nashville RR. issue
Funds:
S3r.21'.>
Memphis
Clarkevilie <fe Louis.
li-tMort Sinking Fund. $1,098,000
Loun-vlile
Nashviuo and
North Alabama
&
South & North Alabama RR.
Trust Deed Sinking Fund. ..
1,025
7,792
1,7 4
8,256
2,260
1,354
1,749
2,448
Sundries
Gold B'ds $2,543,000
Padncah & Memphis Division
"
Gold First
Fifty-vear
Mortgage Bonds
79
13
19
& North Alabama.
$2,126,000
year 4% Gold, 1st M. Bonds
Five twenty. Coll. Trust. 4%..
Pensacola <fe Atlantic RR. Co.
Gold Bond?, 6%
165,407
24,344
2,473
2.111
5,319
1
Excavatl< n of Reld's Bluff. South
7,122,000
30, 1901
The Bonded Indebtedness June
as shown above. Is
From which ueduct—
Bonds in the Treasury:
86
22
18
71
10
Second Track
3,414,000
10
7,617
15,503
63,140
31,217
4,850
Filling trestles
56.0C0
45
27
97
46
83
36
28,96109
Interlocking Arrangement
$269,000
54,010
Total Bonds Redeemed.
&
14
22
66
64-20
6253
6369
6623
4-*
$313,525 00
$118,260,660
Total
of Louisville
«,lt)9-^7
6.877
6.884
7.:- 61
7,951
9. 24
•s841
Sidetracks
Ballast
Bridges
Buildings
4,996,000
Memphis
6.885.505
6,623,090
7,074,923
8,027,898
W.138.9 3
18233034 9,789,173
1
Passenger car equipment.
$113,264,660
For Memphis & Ohio RR Ster.
$3,414,000
Mi rt. Bonds redeemed
For Bonce redeemed for Sink408,000
ing Fund
For construction of new lines. 1,174,000
4%
2.9HVO' 2",-9»,7ll 1 3.505,2' *
2.9*0-93 20,3' 2.30* 3,849,2 '8
2,»8V0'' 21,u9a, K 53 14,921.730
2.98^18 23,759,486 15.731,688
3.007-35 27,74*,379 18.6 "3.4 ne
6495
2.60156
Equipment and improvements thereof—
locomotive equipment
$100,500 00
Freight car equipment
178,125 00
Unified Fnty-year 4% Gold Bonds, issued
for the following purposes:
Bonded Debt June
1895-96.
1896-97.
189T-98.
18y8-9^.
18 9-00.
1900-01.
Earn.
Mile.
Ift'e.
follows
by the Board of Directors.
RR
Milt.
Company.
VI.— Grots Earnings, Operating Expenses and Net, by months.
VII.— Gross Earnings, Operating Expenses and Net, summarized.
In Sinking
Gross Overat'g
Srt
PerCt.
Earn'gs Erptn. Earn'g* of Exper
per
per
pen, to
'
Attention is called to the tables submitted herewith for
details of the year's business
I.— Income Account, Fixed Charges, etc.
II.— Profit and Los* Account.
Bonds
shown by
254*20
S.
$60,000 per annum)
<te
74
36
the following table
Clarksvllle <fc Prlnoeton Br.— Graoey to Princeton (leased to O. V. RR. Co. at $12,039 70 per annum)... 20 70
Paducah
*6
00
Net Income for the Year
III.— Lines
Unified 50-yefcr,
00
6,212.748 66
1,668-21
A
:
$4,824,«ao
Bonded Debt
Interest— »)1 other, Rent and Taxes.. 1,140,614
Slnklnir Funds..
128,900
South & North Alabama KR. (Surplus
Earnings)
65,109
Unfunded Discount
53,464
in
Ry. at & per cent on cost of road)
Cecilia Branch (leased to O. O.
288,0' i0 >7
88>-,766 63
Interest on
Which This Compant is Interested,
but Operated Under Separate Organization.
Nashv Chat. & Bt. Louis' Ry. (majority of stook owned). 94166
IL— Lines
$9,789,173 40
Charges Ao>inst Income—
3,335-09
Total lines operated
in detail in
:
80, 1901.
I.— Links Operated.
1901.
80,
Kxnenditures for construction
Ledger value 5,000 shares of stock in North
Alabama RR. lowneri by the L. & N, RR, Co.)..
431,000
$44,937
10
44,947
1,529,000
Attalla RR.—
$133,790
Expeuditures for construction
Leaser v^lue 2,000 sbares ol stock in Oneonta
10
& Attalla UK. (owned by the L. A X. RR Co.)
Oneonta
20,854,000
Outstanding Bonded Debt June 30, IS01
RR.—
$90,284,660
<£•
October
Brought
THE CHRONICLE.
1901.]
5,
%'&55,i'J
ward
fo<
Nash. Flor. A Bhettleld Ry. 1st M. &% Bonds.
Oitj of Louisville, libation Branch Extendue, Oct. 15, 1*9
sion Bnndl,
Louli-vllle Cincinnati A l.'Xl' Kt'"» Ky. l«t
due Jan. . 897 ..
Mortgage Bonds, 7
KK
%
dueMayl.lKOl
Meinp
.J,g<
2,900
7
4,381,008
!______
«rg7U
&
BB.—
Belt
A'etc tt
Old Dtcatur Belt
it
Terminal RR.—
188
03 shares, ledger value
New
Orleans Motile
<t
Texas
By.—
RR. —
J'ensatola
,
South Kust
d- Si.
Mem.
Mem.
2,0V..
the Following Boads owned by the L. &
Stock
N. RR Co., held lu trust by ih« Central Trust
Co of New lork for the Untried 50 year * per
cent Gold Mortgage Bjndsoharged to the cost
of each road:
m
South East
dt St.
$4,995,080
Clarks.
Clarks.
& Louis. RR. Sterling. ..Aug.
& Louis. R.R Sterling .Feb.
1,
1,
1901.. $37,183
1902.. 12,ya3
Nnsh and 8outh & North Ala
Trust Deed
Oct, 1,1901.. 20,^00
Evans. Henden-on A Nash Division... Deo. 1, 19<U.. 60 500
Louis. A
bamaR.R
Louis By.—
Mongage
North Ala R.R.. Sterling
North Ala. R.R.,8teiliag
North Ala. R.R. Sterling
Dec
May
Atlantic Railroad
Branch
General
$592,566
294,000
South
South
South
BR.—
2,850 shares, ledgervalue
&
Feb. 1,1902.. 56.100
Mar. 1, 190^.. t.5,000
June 1, 1902.. 3*1 000
Pen-aooia
Cecilia
9,800 shards, ledger value
Pensacota
$101,738,800
1901 1902.
Louis By.—
192 shares, ledger value
'6.000
1901
PAYMENTS ON ACCOUNT OF SINKING FUNDS, ESTIMATKD,
150
150 shares, ledger value
Mortgage Bonds,
Grand Total
In
150 shares, ledger value
1,
Sterling.
<
260
5 share", ledger value
,
;
,",000
KK.
JcOi.lo
due June
c
$90,2b4,660 $4,286,815
Total Louisville A Nashville RR. Co
Nashville & Decatur RR. Stock (interest at
1,574,150
118,061
7V\, Is guaranteed)
Nash, a Dec. RR. Stock, owned by L. AN. RR.
<"
dividend
accrues
to
the
same
on
Co.
k"..
1,978,800
148,410
theL Ar'N RR Co.)
South A North Alabama RR. Sterling Mort.
3,130,190
188,760
Bonds. %. endoised by L. A N RR. Co...
South & North Alabama RR. Consoi. Mort.
4,771,000
238.550
Bonds, 6%, endorsed by L. & N. RR. Co....
15,000
Shelby Rai.road, rent
$278,737
Stock in the Following Roads owned by the L.
N. RR Co. charged to the cost of each road:
Henderson
7,000
,
'
Bout htm Alabama Kli.—
(expenditures for Improvements
Lesslaud sold
3,<> f
I
I
1
10,513
ftf9,800
1,000
Consoi. Mort Bonds 7%, due Aprl 1. 1 s'JM
Louisville* Ry. Transfer j»t Moit. Bonds, -
.„_.„
ill
8,860
&
&
&
Nov. 1,1901 $66,144
1.1901.. 5<.460
1,1902.. 66,144
185,748
$6,014,378
Credits.
Middleboro
GUARANTIES FOR OUTSIDE COMPANIES,
1883
RR —
Material from tracks taken up, etc
Less labor tearing down old shops
$4,427
150
from July
1899.
Total yearly rent under the lease' $600,000. L.
guarantees one-half
Nashville Florence <£ Sheffield By.—
Rails taken fr^m abandoned part of Flor$938
ence Belt Line
Lees cost of recording deeds to L. & N. RR.
& S.
1,
&
joint lessees*
N.
$300,000
reference to Table No. I it will be seen that there was
a profit on this lease for the past year ot $25,395 60.
By
15
property
ETC., 1901-1902.
Lease of the Georgia Railroad—
Louisville & Nashville RR. Co. and Atlantic Coast Line,
4,278
for w. V.
$778,314
Total
Olarksville Mineral Branch—
Sidings at Louise and Pond taken up
of
l, l, rest.
$l,t>'Jo,OO0
i
I
,
shares of stock in Mobiles
Mont. By., owne'l b« the L. * N. KK. Co.
20,3»7 n hares or Mobil* A Mont. Ky. stock.
owned by he L. a N. RR. Co.. held In trust
by the entral Trust Co. of New York lor
Unided 50 year 4 per cent Gold Mtfe. Bonds..
b'M
Jtttti
Co.,
aii-uuieu ab olutely bv the L. A N.
aoc utii prorerty, r'KQts. etc., belnir acquired,
Montgomery
less en; it balance to Mobile A
H,0J7.5utt
ccou.it
H>. .;. -neral
Amount
ir<t
$' • I.02S&4
Mobile <t Montgomery By.—
Bonds ef L. 4 N. and M. * M. Uy. 1^ per cent,
Lednervaue
727
".Go
BONDS IN THE SINKING FUNDS.
6,084
6,008,294
V
RAILS.
At the close of the fiscal year ended June
were in track:
Total cost June
30, 1901,
as per Table
$120,034,158
30, 1900,
there
Miles.
2,982 96
Steel rails
.
3617
Iron rails
Milet.
3,019 13
Total
There have been added during the year:
Southern Alabama Railroad, Oatnden Branch
1661
Oneo> ta & Attalla Railroad, O. & A. Junction to
Altoona
North Alabama Railroad, North Alabama Junction
to 8earlen
Nashville Florence
<fc
Sheffield
Railway, T.
&A
9'66
340
Junc7-32
4*96
tion to L n<? Bran oh
Alabama Mineral Riilroad, Branch Lines
Stouts Mountain R.llroad, Stouts Mountain Junction
to Stouts Moutitaln
New & Old Decatur Belt & Terminal Company
Memphis Line Leewood to Anion
Middiesboro Railroad, extension
Cumberland Valley Division, re-measurement
2
6 95
3 62
2-46
07
30, 1901:
3,163-81
16-92
Bonded
Tndebtedness.
General Mortgage Bonds, 6%
$9,297,000
Mem.Clark &Lou. RR.SterllngM. Bonds, 6%.
1,994,6"0
Cecilia Branch 1st Mortgage Bonds, 7%
381,000
Evans. Hend & Nash. Div. 1st M. Bonds, 6%.
1,895.000
Pensacola Dlv. 1st Mort. Bonds, 6%
544,000
Southeast & St. Louts Div. 1 st. M. Bonds, 6%.
3,500,000
Southeast & St. Louis Dlv. 2d M. Bonds. ?%...
3,000,000
Louis. & Nash. RR. 6% Sinking Fund BoDds.
1.926,000
Mobile
N. Orleans &
Div. 1st M. Bonds, 6%..
5,000,000
N. Orleans & Mobile Dlv. 2d M. Bonds, 6%...
1,000 000
Lou. Cln. A Lex. Ry. 2d M. Bonds, 7%
892,000
Lou. Cm. & Lex. Rv. Oen. M Bonds, 4^%...
3,258.000
Pensacola* Atl. RR. IstM. Bonds. 6%
1,790,0
Five per cent 1st Mort. Trust Gold Bonds
4,940.000
First Mort. % Fifty Year Gold Bonds
1,749,000
Unified Fifty Year 4% Gold Bonds
26 384,000
Kentucky Cent. Ry. 'st M. 4% Gold Bonds...
6,700,000
MaysvMe & Lex. RR. North L>iv. 7% Bonds..
400,000
St. Louis Property 20-year 6% Gold 1st M.
Bonds
617,000
Louis & Nash, and Mob. <fe Mont'gry Ry. Co.
i*i% First Mortgage Gold Bonds
4,000,000
Louis & Nash. RR. Co. 5-20 Collateral Trust
4% Gold Bonds
8,919,000
$1,223,000
eaoh
34 Louis.
INTEREST CHARGES FOR31901-1902.
The interest charges against Income Account are
mated as follows:
t
2,000
The trustee of the Louisville & Nashville and South &
16160 North Alabama Railroad Trust Deed holds the following
bonds for the Sinking Fund, and cash uninvested $78 35:
3,190 73
Louisville & Nashville Railroad Company's Issue of Bonds.
67 Louis & Nash. RR. 5% Trust Bonds, $1,000
3,180-73
Total
.
Co.
Total
Total
Iron rails
RR.
Total Louis. & Nash. RR. Co.'s issue of bonds.
$1,098,000
2 Nash. Chat. & St, Louis Ry. 1st Mort. Tracy City
Branch Bonds, 6%. $1,000 each
2,000
59 8. & N. Ala. RR 6% Con. Mort. Binds, $1,000 eaoh
59,000
64 Nash Chat. & St. Louis Ry. 1st Con. Mort. Bonds, 5%.
64.000
$1,000 eaoh
"19
There have been transferred from "Lines
Leased and Controlled:"
Nashville Florence & Sheffield Railway and Branohos 107-46
Steel rails
Clarksville & Louisville
1st Mort. Bonds, £200 each
Memphis
.
-
51-14
In track on June
&
Louisville Railtrustees of the Memphis Clarksville
road Company First Mortgage hold the following bonds for
the Sinking Fund, and cash uninvested $648 07:
Louisville & Nashville Railroad Compant's Issue of Bonds.
122 Louis & Naeli. RR. b% Trust Bonds. $1,000
eaoh
$122,000
18 Pensa. & Atl. RR. 1 st Mort. Bonds, 6" tl.OOO
each
18,000
100 Nash. Flor. & Sh Ry. 1st Mort. Bonds, 5%,
100,000
$1,0 Oeach
758 Louis. & Nash FR. Unified 50 year 4% Gold
Bonds, $1,000 each
758,000
36 PeLsa. Div. 1st Mort. Bonds, 6%, $1,000 eaoh. 36,000
15 Louis. & Nash. RR. 6% Gold Bonds, $1,000
each
15,000
16 Kentucky Central Ry. 1st Mort. Bonds, 4%,
$l,oOoeach
16,000
31 Louis & Nash. 5-20 4% Collateral Trust,
$l,000each
31,000
The
302
2
esti-
Amount
& Na-h. RR. and S & N. Ala. RR. Trust
Deed Bonds, t%,$ 1.000 eaoh
Louis. & Nash RR Unified 50-year i\. Gold
Bonds.$i,c00each
Pensa. & Atl. RR. 1st Mort. Bonds, 6%, $1,000
each
26 Ky. C. Ry 1st Mort. Bonds, 4%, $1,000 eaoh.
of
Interest.
22
S.
$554,730
120.304
23.391
111,775
32,640
210,000
90,000
115,560
300,000
60,000
62,440
146,610
105,645
247,000
87,450
1,055,360
268.0O0
28,000
356,760
34,000
302,000
2,000
26,0-0
Total Louis. & Nash. RR. Co.'s Issue of bonds
N. Ala. RR. 5% Con. Mort. Bonds, $1,000 each
&
$431,000
22.000
$453,000
Total
The trustee of the South & North Alabama Railroad Company Sterling Mortgage holds the following bonds for the
Sinking Fund, and cash uninvested §163 38:
Louisville <& Nashville Railroad Company's Issue of Bonds.
235 Louis. & Nash. RR 596 Trust Bonds, $l,COO
$235,000
each
5 Louis & Nash. RR.. Pensacola Dlv., 1st Mort.
5,000
Bonds, fc%, $!,( OOeaeh
38 Louis. & Nash. RR. Gen. Mort. Bonds,
88,000
$l,000each
187 Pensa. A Atl. RR. 1st Mort. Bonds. 6V $1,000
--• 187,003
each
274 Louis. A Nash. RR. Unified 50-year 1% Gold
274.000
Bonds, $1,000 eaoh
30,850
180,000
$67,000
Total Louis.
117
2
8.
8.
&
Nash. RR. Co.'s issue of bonds
& N. Ala. RR. 5% Con. Mort. Bonds, $1,000 eaoh...
& N. Ala, RR. Sterling Mort. Bonds, £200 eaoh.
ToUl
$739,000
117.000
2.000
$858,000
TRE CHRONICLE.
728
EQUIPMENT.
The following equipment has been acquired, destroyed
and sold during the year:
Locomotives—
On bxnd Jmy 1, 1900
Bought during the year
5V7
14
Destroyed durlDg the year
8
563
On hand June 30, 1901
LocomoExpenses,
Operating
There has been charged to
sum
of $1,431,727 81, a decrease of $8,884 13
Thu value of eight loco
in
this
motives destroyed, viz.. $53,000, is included
amount, which charge fully perpetuates the Locomotive
Equipment for the year. The cost of fourteen locomotives
bought has been charged to Reserve Fund, Rolling Stock,
tive Repairs, the
compared with the previous year.
Locomotive Account.
PA88KNGER EQUIPMENT—
k
Care on hand July
447
10
H'OO
1.
Boughtand builtduring the year
From which Deduct —
457
De»tro>ed duilug the year
1
456
On hand June 30. 1901
Passenger
There has been charged to Operating Expenses,
Car Repairs, the sum of $340,818 9S, a decrease of $94,719 33
compared with the previous year. The value of the one car
destroyed, viz., $7,100, is included in this amount, which
charge fully perpetuates the Passenger Equipment for the
year. The cost of the ten cars bought and built has been
charged to Reserve Fund, Rolling Stock, Passenger Equipment.
Freight Equipment—
Freight care on hand July I, 1901
Bought and built during the year
23,402
1,030
From w hie h Deduct —
731
Destrojed during the year...
Changed from Freight Equipment to
Roadway Equipment
Lxxni.
GENERAL REMARKS.
Construction
ount.
a<:<
This account was closed July 1, 1894, since which time the
items theretofore charged to this account have been charged
to Operating Expenses, under th
sub account "Improvement Account' The details of this account for the year
ending June 30, 1001, amouniing to §i 471,502 72, appear at
length in this report. See a previous page.
-
571
From which Deduct —
[Vol.
38
Cost of Road and Equipment.
The
total cost to June 30, 1901, amounts to 1120,034,158 24,
details of which will be found on a previous page.
Outstanding Bonded Debt.
By
reference to a previous page, it will be seen that the
Bonded Debt, less bonds of the various issues held in the
Treasury, in Trust and in Sinking Funds:
On June 30. 1901, amounted to
$90,284,660 00
On June 30, 1900, it was
90,020,660 00
Showing an increase of
Accounted for as follows:
Bonds in Treasury and Trust, June 30,
1^00
$23,244,00000
Bonds in Treasury, Trust and Sinking
FundsJune30, 1901
20.854,000 00
Decrease
From which
$261,000 00
$2,390,000 00
dedact— Decrease
in
Bonded Debt
2,126.000 00
Total increase in outstanding Bonded Debt
9261,000 00
INTERE6T ACCOUNT.
By reference
to Table No. I it will be seen that the
Interest t>nd Rent Account for 1b99-190u was
For 1900-1901
it
was
$1,996,612 60
5,151,736 69
Showing an Increase of
$155,121 09
Income and Profit and Loss Accounts.
Income account has been oharged with 81nklng Fund
Payments for which no bonds were received, amounting to $12s,900 00; also this year's pro rata of discount on bonds sold, amounting to $ 3,46 36; and
has been credited with the Droflt on the Georgia Railroad, amounting to $<< 5,395 60, leaving a balanoe to
the credit of Income Account of
$1,281,112 97
Out of which were declared:
Cash Dividend of 2"4%, payable February 11, i9"l
$1,320,000 00
1
769
261
23,663
On hand June 30, 1901
There has been charged to Operating Expens°s, Freight
Car Repairs, the sum f $1,787,789 27, an increase of $131,Cash Dividend of 2\%, payable August
1,375,000 00
12, 1901
505 01 ov r the previous year. The value of the 731 cars
2,695,000 00
destroyed, viz., $421,025, is included in this amount, which
charge fully perpetuates the Freight Equipment for the Leaving a surplus, after the payment of dividends,
which has beeu transferred to the credit of Pioflt and
year. The cost ot the 1,030 cars bought and built has been
Loss Aecunt. of
$1,586,112 97
charged to Reserve Fund. Rolling Stock, Freight Car
re-valued
the
Directors
have
assets
of
The
the
Company,
Equipment.
all accounts consiieied uncollectible to
charged
and
have
MAINTENANCE OF EQUIPMENT.
Profit and Loss Account. The balance to the credit of
The average cost p°r mile for repairs to equipment for the Profit and Loss Account on June 30, 1901, is $5,844,047 65,
past ten years has been as follows
details of which are given in Table No. II.
<
:
Year ending June 30. 1892.
1893.1 1894. 1895. 1896. 1897.1898.1899. 1900. 1901.
j
Reserve Fund.
reference to the General Balance Pheet for June 30,
190", Forty-Ninth Annual Report, page 33, it will be seen
that there were to the credit of this account, unexpended,
the following amounts
$122.024 30
For Rolling Stock
4,350 00
For Rt-duction of Grades
By
Per mile—
Locomotive
Cs. Cts. Cts. Cts. Cts. Cts. Cts. Cts. Cts. Cts.
4 8^.8 4-465 4353 4-651 4-:2 4-812 5-141 6-56* 0-18? 6043
repairs.
Passenger car rei>»irs 1-831 T5i '0 0-9 «8 1-246 1-3' 3 1-399 1 -308 1-412 1-853 4<il
Freight car repairs... U-720 0-708 0-640 0-599 0-634 o-681i0-717 d-659 0-675 0-712
AIR BRAKE-5 AND AUTOMATIC COUPLERS.
cost of applying Air Brakes and Automatic Couplers
during the past year has been charged to Reserve Fund for
Couplers and Air Brakes, as follows
Locomotives— Automatic Couplers
$805 90
34.592 55
Freight cara— Air Brakes
•'
Automatic Couplers
1,419 43
The
:
Total
$35,817 88
The Company now has the following equipment provided
with Air Brakes and Automatic Couplers
:
T rlv«r and Train Brakes,
complete
or 100 per cent
or 79-5 per cent
18.825 Freight cars— With Air Brakes.
"
With Automatio Couplers
23,6B3
or 100 per cent*
456 Passenger cars— With Aut' matie Couplers..
or 1><0 per cent'
For comparison your attention is called to the following
tables, showing the number of locomotives, passenger and
freigit cars on hand at the close of each of the past ten
568 Locomotives— Air
i
>
fiscal
years
Louisville
Tear end. June 30.
Locomotives
Passenger cars...
&
1892
1893
511
415
631
.
448
1895
64P
448
626
4-3
1896
530
436
1897
635
437
1898
613
444
1899
4
643
447
48
16,101 17,2 6 I8,4i: 17,972 18,640 ix,4^9ll8,759 19,69
Freight cars
1901
549
456
22,470 2J.60d
Birmingham Mineral Railroad Company.
14
161
Passenger
ars..
Freight cars
141
14
14
141
14
14
X
14
.. .-|
.
1,26V
1.26o|
1.24l] 1,22 J 1.9
'"6!
1.190
1,1B9| 1,149
1891-1892
1892-1893
1*93-1894
1894-1895
1895-1896
•Excess received.
is
Excess paid.
46 4l
90,766 01
*22,213 30
5,206 52
38,096 66
$1=»8,<
1896-1897
1897-1898
1898 1899
1899 190
1900-1901
t
$298,998 55
To which A dd— Additional appropriations which were made during tne present flao 1 year, as follows:
For Ro ling Stock
For Renewals of Ralls
For Improvements Authorized for 1900 01
$812,500 00
*l,«ll 73
126,676 00
960,987 73
$1,259,986 28
Total
There have been expended and
charged to this account during the
present fiscal year the following
amounts
RllingStock
$851,705 16
3,817 88
18,996 59
86,184 87
84,495 48
.
Couplers and Air-Brakes
Reduotii n of Grade
8'>uth Louisville Improvements.
Improvements at Pensaoola"
Amounts included in above expenditures,
b-ing th« amounts expended in excess of
appropriations, which were provided
for at the olose of the year, viz.:
to Profit and Loss$36,817 88
Couplers and Air Brakes
14,646 59
Reduction of Grade
To be Charged to Improvement
Acoountln i^Ol 1.02—
Charged
South Louisville
ments
Improve68.419 75
119,884 22
932i
called to the table below, showing the
excess mileage paid and received on foreign cars during the
last ten years:
Your attention
69,09* 13
17.765 12
85,760 00
Less—
1900
6<2
For General Purposes
For South Louisville Improvements
For Improvements at Pensaoola
$1,078,199 98
Nashville Railroad Company.
1894
:
Excess paid.
$116,4^7 71
74,264 06
77,382 56
131.C04 06
45,189 77
958,815 76
Leaving Balanoe to be expended (see general balance sheet) as per details below.
For Renewal of Rails
For Rolling Stock ...
For General Purposes
..
For Improvements at Pensaoola
For Improvements authorized for 19001901..
$301,670 52
$21.P11
82,81°
69,099
I,k64
73
14
13
52
12P.676 00
""$301,670 25
October
THE OHRONIOLE.
1901.]
.">,
MOHILB & MONTGOMERY RAILWAY.
The
and franchise of the
Montgomery Railway Company was OOnveved to
legal title to the property, rightfl
Mobile &
the Louisville
December
&
Nashville Railroad
Company
hy deed dated
17, 1900.
Alahama
<fc
fidelity and effl
of the oompany
with
ban
its interests.
For the Hoard of Directors,
a
Florida Railboad OOHPAKT.
and franohiu of lli"
Alabama* Florida Railroad Company was conveyed t.> tho
Louisville & Nashville Railroad Company by deed dated
December 7, 1900.
Birmingham ski. ma &, New Orleans Railway Comi-ahy.
This company has, by the purchase of a majority of the
capital stock, acquired the control of the Birmingham Belma
& New Orleans Railway, which it will operate from and
after July 1, 14*01 but under the separate organization of
the Birmingham Belma & New Orleans Railway Company.
Lkasb of Padicah & Mkmi-iiis Division.
The lease of the Padttoah & Memphis Division to the Nash
ville Chattanooga & St. Louis Railway having been ratified
by the stockholders of that company in Septemter of last
year, the suit winch had been brought bv one of the
minority stockholders to annul'.the said lease was abandoned,
and the majority and minority inteiests in the Nashville
Chattanooga & fct. Louis Railway are now working in entire
harmony.
The
The Board acknowledges the
which the offioen and employes
i
GTJSI BELMONT,
Chairmt
legal title to the property, rights
M.
SMITH,
II.
President,
THE AUDIT COMPANY Of NEW YORK.
New York: Cedurand William Streets, Queen Buildup.
Chicago: La Salle and M< nroe Streets, New York Life Building.
.
The Board
records, with regret, the death, on February
Mr. J. 1). Prohst, who had been a member of the
Board since July, 1884, and for several years past chairman
of the New York Finance Committee.
23, 1901, of
August Belmont,
Louisville
BBQ.,
Broadway,
120
New York
City.
We
Sir:
have made an audit of the books and
Nashville Railroad Company
accounts of the Louisville
for the fiscal year ending June 30, 1901, and, in ace rdance
therewith, certify that the attached statements of Income
Account, Profit and Loss Account, and the General Balance
Sheet, are true exhibits of the results of the operation of
the Company for the said fiscal year, and of its condition as
of June 30, 1901, as shown by said books and accounts,
Dear
&
THE AUDIT COMPANY OF NEW YORK,
Approved: Thomas L. Greene,
Vice-President,
The Board also regrets to record the death of Mr. AlexW. Graham, First Vice President, which occurred on
New
ander
Chicago, September
the 18th of August, 1901.
Chn irman of the Board of Directors,
& Nashville Railroad Company,
A.
W. Dunning,
Western Manager,
York.
Chicago.
25, 1901.
PASSENGER AND FREIGHT STATISTICS.
Totals and Averages for the Year 1900-1901 Compared with the Previous Year.
Percentage of
No.
Passenger
19001901.
Traffic.
1899-1900.
No.
Increase.
3,16927
(a).
...(b).
..
l.„.
2....
3....
<....
8....
6....
7....
Number of iuiies run by oars
Number of oars In eaob train
O
Number of passengers oarned
.
* .
.
Number
of miles each pacsenger
in
was oanied
eaob oar
...
...(c).
9....
10...
11...
12....
13...
14....
15....
16....
17....
18....
19....
20....
21....
22....
23....
Expends
Earnings
5,825,994
31,251,434
4-85
6,872,354
34-88
239,730,479
37-24
of passenger trains
p^ mile of rotd.
Net earnings per mile of road
-
Net earning* per revenue train mile
Earniugs per oar mile
Expenses per oar mile
Net earnings per oar mile
cents
cents
..Ad). .cent*
Earnings per pii-*eneer per mi'e
Percentage of expenses to passenger earnings....
3,007-35
5,442,808
2»,897,169
4-87
6.282,042
35-41
222,424,321
36-28
10 81
$7,143,352 78
$1,755,652 69
$2,387,700 09
$2,253 94
$1.5i
55
$753 39
110 970
73 878
37 092
10 58
$6,497,019 63
$4,450.196 66
$2,046,822 97
$2,160 38
$1,479 77
$680 61
105 985
72-595
33-390
22858
15-218
7-640
21-731
14-885
6-846
8192
8173
2-35
66-57
2-31
68-S0
Decrease.
70402
4-5297
•4107
9-3968
....
....
....
....
1-4968
7-7807
....
....
....
....
26461
21739
9-9481
68639
1
2
3
4
o
6
7
8
9
....10
....11
...12
...13
....14
...15
....16
....17
....18
....19
16-6540
4-3307
1-4043
10-6933
47035
1*7673
11-0*72
5-1861
2-2371
ll-59fc0
.
20
...21
•2325
1-7316
2-8175
....22
...23
Freight Traffic.
24...
25....
26....
27....
28....
...(e).
Numl er cf miles run
Number of uuiles run
Numher of miles run
Number of miles ruu
by mixed revenue
—
trains
bv oars, loaded
--by cars, empty.
y oars, loaded and empty..
(e).
--
--
30...
31...
32....
33...
34....
35....
36....
37....
38....
39...
40....
41....
42....
43...
44
45....
46....
47....
48...
49....
60....
51....
52....
53....
54
Number
Number
of oars empty in each train
of cars loaded and empty In each train
P» roentage of loaded car mileage to total oar mil
Percentage f empty-car mileage to total car mil
Number of miles run per car per day
Number of tons carried one mile
Number of nlies each ton was oarrled
Number of tons in each train
Number of tons in each loaded oar
Number of tons In each loaded and empty
2087
6789
20 80
•3365
32-11
28-96
16.685.466
2,656,984,116
159222*18
15-b9
30-66
28-27
15.839,470
2,581,672,886
1065
10-59
$19,568,495 34
$13,021,9*5 29
$6,546,570 05
$6,506 88
$4.330 03
$2,176 *5
6 70
..
-
car..
<£>-
.
Earnings fiom freight revenue traits
Expenses of freight revenue trains
Net earnings fiom freight revenue trains.
Earnings per mile ot road
$20,419,162 37
$13,4- 7,380 81
$6,941,781 56
$M42
86
$4,252 52
$2,190 34
170 814
Net earnings per mile of road
Earnings per revenue train mile
Expenses per revenue tn in mile
Net earnings per revenue train mile
112743
58070
Earning* iter oar mile
Expei ses per oar mile
Nei earnings per oar mile
Earning* per ton
oents
cents
Net earnings per ton
220-38
1527
167043
111159
55 884
8029
5-343
2-686
123 542
82-212
41-330
41-604
Earnings per ton per mile
Expenses per ton per mile
O'M t*
Net earnings per ton per mile
cents
Percentage ol expen*es to freight earnings ..
Gross earnings per mile of road — Passenger, freight and inlso.
Operating expenses per mi'e of road
Net earnings per mile of road
•769
•495
•274
6600
$8,841 84
$5,753 07
$3,0S8 77
1470
2-2863
1-8018
51805
20011
4-7293
2-4^07
5i)41l
2-8784
•7-8
..
"
:
9839
•6197
2-2575
1-4260
3-9117
20177
11791
...
9430
1*7604
•6630
14512
1-7857
66 55
•82H4
$ 3.848 69
$5,809 81
$3,038 88
•97i6
077-1
'1-6417
(ei
road iperated shows average length perated during jear 1900 1901.
„
Miies run by nixed revenue train* have been added to Passenger Train Mileage in arriving at Results of Passenger irafflo.
luclu es Mall, h xpress, Exces* Bagf age an Tram Privl eges.
Excludes Mail. Express. Exces* Baggage and Train Privileges.
Miles run by mixed revenue trains have been added to Freight Train Mileage in arriving at Results of Freight Traffic
(/)
Excludes Company's Material.
(a) IVileage of
(6)
(c)
(c/)
<
41
....42
...43
...44
...45
...46
....47
....48
...49
....50
...
3-6868
7 8740
...37
....38
....39
...40
1-7901
^04
•254
...36
•8168
2-7505
•5666
4-3471
3-4976
603t9
....24
....25
....26
....27
....28
....29
...30
....31
....32
....33
....34
...35
'2-4540
163-
5-406
2-785
122 377
110789
6934
8 191
80773
...
55....
56....
57....
58....
59...
60...
61....
62...
71217
1417
29....
2-8617
11,027,290
687,318
169,003,d33
74,717,738
243,721,071
14-43
6-37
11,342,859
611,171
169,251,822
80,038.889
249,290,711
61
52
...53
....54
....65
....56
...57
....58
....69
....60
....61
...62
—
THE (JRHONICLK.
730
TABLE
No.
Brought for u ard
count the loss In previous years has been
charged
1.
INCOME ACCOUNT JUNK
30, 1901.
income from Traffic.
LXXHL
[Vol.
$18236436
9S,<?6S,Z74
50
$10,493,861 63
65,109 74
247,474 10
Barningi
Froui rel< tit tralllo (freight on company's
property eliminated)
ipro 419,1(52
5,74V, 581
From passenger trnflle
762. 84
From transportation of malls
618,8 2
From exprc-s ttaflk»
From miscellaneous souroee
479,396
6,212,748 66
I
37
08
Net Income
15
2,695,000 CO
$28,022,206 90
1
Less freight on company's material.
TABLE
$19,426,551 56
1,1; 3,^18 06
(SO
$9,789,173 40
Income from Investments.
Deo. RR. 8toek... $154,582 50
Henderson Br Co. Stock..
12,525 00
Birmingham Souih. RR..
&
Interest
on
purchase
Sundry Bonds and
Si'ks..
30.655 59
191,023 54
Income from Other sources.
m
25,395 60
2,495 83
27,891
704.688 23
From which Deduct:
Charves Against Income—
Interest on bonded debt. $4,824,660 00
Interest— all other.
46,933 10
Guaranteed dividend on
265,143 59
N. & i>. RR »t<ek ....
Rent of Shelby RR
15,000 00
Taxes
813,547 87
30, 1901.
Credits.
Balance to the oredlt of this acoount June 30, 1900
$3,935.913 35
Interest reoeived on bond* in linking Funds
70,210 00
Sinking Fund payments for which n> bonds are reoelved,
chnrged to Income account, viz:
Ii. & N.-8nuth & North Ala. Trust Deed M.
Sinking Fund..
$20,000 00
Pen-acola & Atlantio 1st M. Sink Fund..
53,900 00
Cecilia Branch Mortgage Sinking Fund...
55,000 00
128,900 00
Profit on Securities bought and sold
45^,960 94
Dividends due Georgia Railroad prior to June 30, 1^99.
collected this year, less advances by Georgia Railroad
for losses of subsidiary roads accrued in previous
years, eto
55,224 54
Interest accrued prior to June 30, 1900, on bonds owned,
collected his year
38,366 67
Franchise Taxes, Interest, etc., prior to June 30, 1900,
charged to Heuderron Bridge Co
92,193 06
Interest accrued on bo> ds, on unpaid coupons, nore. and
open account of Log Mountain Ciai.Coke & Timber
Co charged to Louisville Property Co
107.339 46
Profit on rails sold during the year
6 2.^06 50
Bonds in the re^sury brought to par on ledger
141238 18
Bonds In tbe Sinking Funds brought to par on ledger ...
150,134 72
Surplus earnings of the Sou h & North Alabama Railroad
Co. for tbe j ear ended June 30, lsoi (previous losses
having been charged to this aooouct)
65,109 74
Amounts realized from various sources
21,334 48
Net surplus for the year ending June,30, 1901, trans1,536,112 97
ferred from Income Account
1
$6,90^,544 61
$5,965,274 56
Debits.
Sicking fund payments
for which no bonds are
Ten per cent premium on bonds redeemed
Funds
receive", chared to
this account, and oredl'ed to
Profit
and
Non
for Sinking
$37,300 00
20,092 12
charged off.
Decatur Railroad accounts
collectible accounts
Nashville
&
954,640 37
charged off
Reserve FuLd— For couplers and air
brakes, balance or acoount transferred...
Reserve Fund--For reduction of grade,
balance of account transferred
Balance to the credit of Profit and Loss
$128,900 00
(this
year's pro-rata of dis-
count on bonds cold) ..
South &. North Alabama
II.
.,
43—
$10,493,861 63
Loss Acoount
Unfunded discount
NO.
1
388,766 63
Profit from operation of Georgia RR.. .
Profit In
operation of Ala. & Fla. RR.
$' 5R6, 112.97
PROFIT AND LOSS ACOOUNT JUNE
18,233,083
12,380 28
prloe andimprov'ra'ts..
to
72
$288,020 17
Naf-h.
payment of dividends, transferred
theoredltof Profit and Loss Account
Net earnings from traflio, 34*93%...
Income from Rents.
Ceollia Branoh
$60.000 00
Clarksv. & Princeton Dlv,
12.039 70
Paducah & MempblsDlv.
203,610 24
Louis property
Surplus, after
33
83
68
Total operating expenses, 6507%...
St.
$1,281,112 97
Oashdlv., 2V,'o. payable Feb. 11, 1001.. $1,320,000 00
Casadlv., 2>s% ( payable Aug. \i, 1901..
1,375.000 00
75
65
Total earnings.
Expert sex—
For conflicting transportation
$10,253,297
For maintenance of way and structures. 4,W5«,1<6
3,99o,475
For malnteuanoe of equipment
82 ,»,5 1
For general expenses
for the year
58,464 36
RR. Co surplus
earns,
for year, included In
account, June 30, 1001
36,817 88
14,646 59
5,844,047 65
above and tr nsferred
to Profit and Loss Account, to which ao-
$6,907,514 61
TABLE NO.
III.-SEE
TABLE
NEXT PAGE.
NO. IV.
BONDED DEBT JUNE
30,
1901.
Owned by
Description.
Amount.
this
Com-
Maturity.
Outstand-
pany.
ing.
-2
a?
Memphis Clarksv. & Lonisv. RR. Sterling Mortgage Bonds
Ma sville * Lexington RR., Northern Division, 7% Bonds
<7-Ceclli»
Branch Mortgage Bonds
Louisville Cincinnati <& Lexington Ry. Second Mortgage Bonds...
Louisville * Nashville Railroad »•% Sinking Fund Bon >s
8t. Louis Pr«.pertv 20-Y»-ar 6% Gold First Mortgage Bonds
Louisville & Nashville Railroad Five Twenty Collateral Trust
4%»old Bonds
Evansvilie He. derson & Nashville Division First Mtge. Bonds...
Pensaon. a Division First Mortgage Bond*.
South East and St. Louts Division First Mortgage Bonds
6-Pensacola & Atlantio Railroad First Mortgage Bonds
New Orleans & Mobile Division First MortgHge Bonds....
New Orleans & viobile Division Second Mortgage Bonds.
y-Gen*-ral Mortgage Bonds
Louisville Cincinnati & Lexington Ry. General Mortgage Bonds..
First Mortgage b% Tmst Bonds
First Mortgage f<'6 Fifty- Year Gold Bonds
Nashville Florence <& Shettisld Ky. First Mortgage 5% Bonds
Unified Fifiy-Year 4% (iotd Mortgage B»ndi
Lou. & Nash and Mob. & Mont. Ry. Co 4^2% Gold let Mtge. Bonds.
Paduoah & Memp. >i v. 50-Year 4% Gold 1st Mort. Bonds
South-Fast and St. L >uis DlvMon second Mortgage Bonds.
Kentucky Central Rv. First Mortgage 4% Gold Bonds
City of Louisville, Lebanon Pranob Extension Bonds
Louisville ( inolnnatl
Lexington Ry. First Mortgage Bonds
1
&
Consolidated Mortgage, Main Stem and Branches Bonds
Louisville Railway Transfer Co. Bonds
Memphis & Ohio Railroad Sterling Mortgage Bonds
Totals
v,000
400,ono
381.000
89i,000
1,96' ,000
34,000
892,0<
1, 926.0<
581,(00
1,895.000
580,00
3,500.000
1,
1,
Oct.
Apr.
6 1 7.00O Mar.
617,(00
9,500/00
1902
190K
1,1907
1. 1907
1, 1910
1,1916
1,994,660 Aug.
400.00* Jan.
381,00 Mar.
36,000
8,919.000 Apr.
1,8*5,0
Dec.
544.000 Mar.
3,500,0O< Mar.
'J.QvA.OQO
833,000 i,79<»,000
5.000 000
5,000.000
,000.000
1,0. O.000
9,^97.0<X
9.297,000
3.25*.00'
3,2n8,000
189.000 4,940,000
5,129,000
15,000 1,7«9.000
1,7«4.000
100.0 O 1.996.00.
2,096.000
40,627,0U0 l4,V!4i,000 26.38 i.OOO
1 .OOO.OOi
4,000,000
4.779.000 4,779,000
3,666,006
3,000.000
42,6CK
6,700,000
6,7*2,000
ljOtM
1.000
3,000
3,000
7,00i
7.000
5.000
5,000
86.100
8 6,1 Of
1
Aug.
Jan.
Jan.
June
Nov.
Nov.
May
Aug.
July
Sept
Feb.
Mar.
July
Oct.
Jan.
Apr.
May
June
1,
1903-'18.
1919
1920
1.1921
1921
1.
1, 1930
1, 1930
1. 1930
J, 19*1
1, 1931
1,19^7
1, 1937
1.1940
1, 1945
,1,1946
1, 1980
1, 1987
15, 8^3
1.1^97
1, 1898
1, 1901
1, 1901
1.
1.
7
l.Aug. 1
l.July 1
Mar. 1 Sept 1
7
6
Apr.
Apr.
5
Mar.
4
Apr.
l.Oct
6
June
1
6
6
6
Mar. 1, Sept
Mar. l.Sept
Feb. 1 Aug. I
Jan. l.July
Jan. 1, July
6
June
1,
May
May
May
Nov.
1, Nov.
Nov.
1
1. Aug.
l.July
6
7
6
6
4*2
5
5
5
4
I
Feb.
Jan.
,
l.Oct
1
1
1, Oct.
1, Sept 1
,
Dec.
1
1
1
1
.
Feb.
Jan.
4*o Mar.
Feb.
4
1
l>ec
.
,
l.Sept
1
l.Aug. 1
Sept 1
8
Mar.
1,
4
Jan.
l,July
1
1
111,138,660 20,854,000 90.284,660
000 of these bonds drawn for Sinking Fund, due March 1, 1900. but not presented for redemption. Interest oeased on Sept. 1, 1900.
$55,000 of these bonds drawn for Sinking Fund, due Maroh », 1901. Interest will cease Sept. 1, 1901.
Sf 1,000 of tbexe bonds drawn for Sinking Fund, due Feb. 1, 1900. but not presented for redemption. Interest oeased on Feb. 1, 1900.
« of th-se bonds drawn for Sinking Fu. d, due ^eb. 1, 1901, bur, not presented for red-mption. Interest oeased on F-b I. HOI.
I #7
S $1,000 of these bonds drawn lor finking Fund, due June
1, 1900, but not presented for redemption.
Interest oeased on June 1, 1900.
< $75,000 of these bonds drawn lor Sinking Fnnd, due June 1, 1901, but not presented for redemption.
Interest ceased on June 1, 1901
5
<
e.
$
1,9»6.66(
Coupons Due.
Si?
$1
October
THE CHRONICLE.
1901. J
5,
TABLE
NO.
III.
OENKKAI, BALANCE SHEET JUNE
AB8BTB,
DR.
731
30,
1901.
ETC
COST OF ROAD. ETC.
-120,034 158 24
ROAD FIXTURES AND EQUIPMENT.
BONDS AND BTOCKS IN TRUSTS, ETC.
Cbntkal Tbdbt Co., Tbdstkb fob Unified Four Per 0>ST Bonus:
Alabama Mineral RR four per oent
Stock in Lo ii«vlile Cincinnati A Lexington Ry
Stooh In MoMle A Montgomery Ry
Stock lu Southeast* St Louis Ry
Stock In Pensaoia RR
fl.650,010 00
a,o.52.ft74 8
3,272.906 12
Stock In Louisville Ry. Transfer
Stock In Aabauia Mineral RR
Stock In He derson Belt RR
294 000
0<
2,850
47,< «2
225.010
19,750
00
54
00
00
$8,564,163 47
(a)
Stock
Stock
Stock
Stock
Stock
Stock
In Na«bvllle Chattanooga A8t.
North Alabama
In South
Nashville Ry.
In Ow*uslH>ro
In Henderson Bridge Company
In Birmingham Miueral
RR
A
Ry
$5,355,538 7ft
1,125.500 69
250,72* 18
00
501,0
690.410 00
163,000 00
A
RR
RR
In Shelby
Louis
8,076,177 92
$10,640,341 39
Deduct— Cost
of
Bonds and Stooks included above which have been added
to cost of
(a)
ro»d
8,564,163 47
$8,076,177 92
Farmers' Loan
A Trust Co Trustee for Five Per Cent Trust Bonds:
,
$3,9?9,Ono 00
1,200,000 10
Blrmcgham
Mineral RR. First Mor" gage Bonds, five percent
Owensboro A Nashville Ry. First Mort. Binds, six percent
5,129,000 00
Farmers' Loan A Trust Co., Trustee for Qeorq[a RR Lease:
South A No tu Alabama KK five per oeut Consolidated Bonds
Union Trust Co Trustee for Six Per Cent Sinking Fund Bonds:
South A North Alabama RR. Seoond Mort. six per oeut Bonds
United States Trust Co., Trustee for 5-20 Coll. Trust Bonds:
LAN.. Padnoah A Memphis Dlv. four percent Bonds
L. A N U ni tied, Fifty-year four per cent Oold Bonds
500,000 00
i
,
2,000,000 00
(ft)
(6)
,
$3,°4O,0O0 00
10,640.000 00
13,680,000 00
Trustee L. & N. Six Per Cent Sinking Fund:
Bonds— L AN. Insnes
Bond6— Coui rolled Companies
(e)
$131,000 00
22,000 00
453,000 00
Trustee Memphis Clarksville A Louisville RR. Sinking Fund
Bonds— L * S. Issues
Bonds— Controlled Companies
:
(c)
$1,098,000 00
125,000 00
1,223,000 00
Trustee Cecilia Branch Mortgags Sinking Fund:
Cash in bands
of Trustee for
56,000 00
redemption of called bonds.
$31,117,177 92
of L. A N. issues which, appear as both Assets
In Trusts- as above
In Sinking Funds— as above
Less— Bonds
and
Liabilities
Ab)
,
-(C)
$13,68<\000 00
1,529,000 00
15,209,000 00
15,908,177 93
BONDS AND STOCKS IN THE TREASURY.
L.
&
N., Unified, four per cent
LAN, Paduoah &
$2,543,100 00
Gold Bonds
1/39,000 00
55( ,000 00
Memphis
Division, f "ur per oent Bonds.
L. A N.. ft-20 Collateral Trnst. four per oent Bonds
Pensacola A Atlantic RR., 1st. Mort., six per oent Bonds
813,000 00
$5,645,000 00
(d)
A
Atlantio RR.. Land Grant Mort gase Bonds
Louis. & Nash. Terminal Co., 50 year four per cent Bonds
South A *ort b Ala. KR live per cent. Consolidaied Bonds, eto.
Southern Divi-iou. Cumb & Ohio RR., seven per oent Bonds
Sundry othei Bonds
8undry RR and Other Sti oks
Pensacola
$525,000
2/ 00,0
8 *9,<>00
300,000
319,290
.
00
00
00
00
94
4,03:>,267 93
8,008.558 87
Less— Bonds
of L.
& N. Issues inoluded above, which appear as both
CURRENT
Cash in Treasury,
$l3,653, e>ft8 87
f>,64\000 oo
Assets and Liabilities^)
8,008,558 87
ASSETS.
$}, 645,731 79
in Transit, eto...
2,486,791 68
612,376 66
1,723,691 4ft
994,027 56
Material and Hupp'ies
Station Agents and I'rafHo Balances...
Sundry Individuals and Companies
Sundry
Bills
Receivable Accounts
9,462,619 14
SUNDRY OTHER ACOOUNTi.
$1,543.162 48
Advances to Subsidiary Companies
Mate ltd in Private Siding*
Real Estate, Qu*rr,\ and Timber Lanas
Sundry mnadjusied accounts
178,2.12 3^
1,0 4.3 14 94
I
1
739,417 81
3,475,127 57
1,897.992 38
Unfunded Discount Account
$1 8.786,634 12
OS.
LIABILITIES, ETO.
CAPITAL 8TOCK.
$54,913,720 00
86,280 00
Stock outstanding.
Stock unissued
BONDED DEBT.
Outstanding.
RR
Clarksville A Louisville
. First Mortgage, six percent
Loulbvllle Cincinnati A Lexington Ry. Seoond Mortgage. seven percent..
Louisv. &Nai>hv. RR E H. A Nashv. Dlv., First Mortgage, six per oent
Louisville A Na-hviiin RR., General Mortgage six per oent
Louisv. Cm. A Lexington Ry.. General Mortgage, four and one-half per oent
Lonisv. A Nashville RR Flr-t Mortgage, five per oent. Fifty-year, Gold
Louisville A Nashville RR., Unified, Fiftv-year four per oent. Gold
Louisville A Naebviile
, Cecilia Branch. Flr-t Mortgage, seven percent
Lonisv. A Nashv. RR., JrVn>-aoola Division. First Mortgage, six percent
Lonisv. A Naehv
, N. O. Mobile A Tex. Division, First Mortgage, six per oent.
Louisv. A Na+h
, N. O. Mobile A Tex. Division, Second Mortgage, six per oent
Memphis
$1,994.660
892.OO0
1,-95.000
9.221.000
,
RR
RR
RK
'58,000
,740,00 OO
3,
1
.
,
00
00
00
00
<
•
26,384,000 00
38O.0O0 00
.S44.000 00
00
5,000,01
1,000,01 000
$55,000,000 OO
THB (IHRONICLi;
732
TABLE NO.
GENERAL BALANCE
LIAJSII.lTU'iS,
[Vol. LXXIII.
III.— Concluded.
8IIKET
JUNE
1901.
30,
ETC.- Concluded.
OR.
Jiroughl forward
$S2j'7.66o oo
A Nashville RR. and M. & M. Rv. Oo 4>* percent. Gold. First Mortgage
Louisv A Nashv. RR.,8. E <* 8t Louis 1)1 v First Mortgage, six percent
Louisv. A Nashv. RR., 8. K A St. Louis Division. Second Mortgage, three per cent
Louisv. A Nashv.
,8t. I/O Is Property, 20-year, 5 percent, Gold, First Mortgage
Kontuckv Central Railway, Kiivt Mortgage four per cent, Gold
Ma.vsvlllp & Lexington Railroad. Norihotn Division, seven per eei't
Nashville Florence & Sheffield Railway. First Mortgage, live per cent
Pensacola <fe Atlar tio Raliioad, Fl'tU Mortgage, six per cent.
Lout-\iilo A Nashville Railroad, six per oent. Sinking Fund
Trust, Gold
Lont-viile A Nashvl le
, First Mortgage, five per cent,
Louisville A Nashville RR., Five twenty Collateral Trust, four per cent
%SS<ooo,ooo oo
4,^00 000 00
3,500.000 00
3,000.000
617,000 00
6,700,000 00
400,000 00
1,996 OnOtO
l,78^,000 0u
1.9 i 6,000 00
4,940.000 00
8,919,000 00
Louisv.
.
RR
.
RR
90,097,660 00
In Trusts.
<v Nashville RR
Unified Fifty-year, four percent. Gold.
Nash. RR.,Pad. A Mem. Div., 50-year, 4 per oent, Gold, First Mort
Louisville
Lou.
A
$10,640,000 00
3,040,000 00
,
13,680,000 00
(ft)
In Sinking Funds.
Memphis Clarksville A Louisville RR., First Mort., six per oent
Louisville A Nashville RR , Firs' Mortgage, live per cent. Fifty-year, Gold
Louisville A Nashville RR Uulfled, Fifty year, four percent. Gold ...
Louisville A Nashville RR., Pensacola Division, First Mort,. six per cent
Kentucky Centr I Railway. First Mortgage four per cent. Gold
$2,000 00
15.000 00
1,060.000 00
36,000 00
.
42 000 00
Nashville Florence A Hhfflleld Rallwav, First Mortgage, five per cent
Pensacola a Atlantic R iiroad. First Mo tgage. six per ent
Louisville A NashvlHe Railroad Company, six per centSinfcing Fund
Louisville A Nashville RR.. First Mortgage, five per cent, Trust Gold
Louisville & Nashville RR., Five-twenty Collateral Trust, four per oent
100,0
00
2o,000 00
•
,
34 000 00
189,000 00
31,000 00
1,529,000 00
(e)
In Treasury.
A Nashville RR., Unified. Fifty-year, four per cent. Gold
A Nashville RR., Pad A Mem. Div., 60-year, 4 per cent, Gold,
Pensaooia A Atlantic Railroad. First Mortgage, six per cent
Louisville
Louisville
Louisville
&
1st
$2,543,000
1,739,000
813,000
550,000
Mortgage
Nashville RR., Five-twenty Collateral Trust, four per oent
00
00
00
00
5,645,000 00
(d)
Matured- (Not Presented).
Memphis A Ohio Railroad, First Mortgage,
seven percent
$96,000 00
16,000 00
,
Various Issues
..
102,900 00
Drawn for
Louisville
A
Sinking Funds -(Not Presented).
$76,000 00
9,000 CO
Nashville RR., General Mortgage, six per cent
Various Issues...
85,000 00
$111,138,660 OC
Less Bonds which Appear as Both Assets and Liabilities.
Bonds in Trusts, Louisville & Nashville issues
Bonds in Sinking Funds, Louisville & Nashville issues
Bonds in Treasury, Louisville A Nashville issues
(ft)
(c)
(d)
$13,68^,000 00
00
1,529 0'
5,645,000 CO
20,854,000 00
CURRENT
90,284,660 00
LIABILITIES.
Audited Pay-Roils and VouchersMay, 1901, and prior.
$350,025 21
1,708,656 80
June, 1901, audits...
$2,058,682 01
Conpons and Rent—
Due'June, 1901. and prior
Due July
1,
$76,081 50
1,010,685 67
1901
1,086,767 17
Dividends-
Due February, 1901, and
Due August, 1901
prior
$56,303 43
1,375,000 00
1,431,803 43
Open AccountsIndividuals and Companies
$749,438 45
100,821 84
,..
Traffic balances
850,260 29
Unmatured—
Interest accrued not due
Sundry
Bills
... *""."."...
Payable
".".!"'.
"."*.
$701,839 25
72,38100
777.220 25
6,204,233 15
SUNDRY OTHER ACCOUNTS.
Open and unadjusted aocounts
Reserve funds
.11.1111"". '.'.'.'..
$652,022 80
301,670 52
....
953,693 32
PROFIT AND LOSS.
Excess of assets over liabilities
5,844.047 65
$158,286,634 12
TABLE NO.
SECURITIES JUNE
V.
30, 1901.
The following is a statement of the Securities owned by
Company and included in the General Balance Sheet
the
Bonds.
Par Value.
_ _.
2,643 Unified Fifty-year four per cent Gold Mortgage
Bonds, $1,000 each..
$2,543,000
1,739 Louisville A Nashville, Paduoah A Memphis Diviision. 1 st Mort. four per cent Bonds, $ ,000 each
1,739,000
650 Five twenty Collateral Trust four per cent Bonds,
$1.0;)O each
550,000
813 Pei sacola A Atlantic Railroad, First Mortgage
Bix per cent bonds, $1,000 each
813,000
525 Pensaooia A Atlantio Railroad Land Grant six
per cent Bonds. $1,000 eaoh
525,000
2,000 Louisville A Nashville Terminal Fifty-year four
tier cent Gold Bonds, $1,000 eaeh
2,000 000
826 South A North Alabama RR five per oent Consolidated Morteage Bonds, $1,000 each
826,000
25 Muhlenberg County, Ky., five per cent Refunding
Bonds, $i,ooo eaoh
25,000
20 Mnhienburg County, Ky., five per cent Refunding
Bonds, $500 each
10,000
.
i
43 Sloss Iron A Steel Company First Mortgage six per
cent Bonds. *l,000eaoh
60 Elkton A Guthrie Railroad seven per cent Bonds,
$ i 0<» eaoh
22 Gainesville Jefferson A Southern Railroad Second
Mortgage! Bonds, $1,000 each
200 Southern Division, Cumberland A Ohio Railroad,
seven per oent Bonds, $1,000 eaoh
200 Southern Division. Cumberland A Ohio Railroad,
seven per oent Bonds, $5o0 each
185 Alabama Steel A Ship-Building Company, acoount
subscription for $185,000 Bonds
Sundry Railroad and other Bonds, Ledger Value..
Par Value
$48,000
25,000
22,000
200,000
100,000
185,000
31,241
$9,637,241
Stocks.
78.H64 Nashville A Decatur RR Co $25 each
$1,971,600
1P3.125
1,931 Owensboro A Na»hville Ry. Co.. $100 eaoh
$tO0
455,000
eaoh.
4,550 Birmingham Minora' RR. Co
Florida RR. Co +100 eaoh
364,000
*3,640 Alabama
17,275
691 Elhton A Guthrie RR. Co., $?5 eaoh
*1 11 Mobile A Montgomery Rv Co.. $ 00 «aoh
11,100
38,600
386 South A North Alabama RR Co $100 eaoh
34.600
346 Bitmlncham Rolling Mill Co., $ 00 eaoh
6,903,807
•69,088 Kentuoky Central Ry. Co.. $100 each
'600 Louisv. Har. Creek & Westp't RE. Co., $100 eaoh.
60,000
Shares.
.
,
<fe
.
.
<)'
rOBBB
B,
THE CHRONICLP.
1901.
Shu res
es.
*63 New & Old Deontur Bi It & T. KR. Co ,$100 each..
*7.4»4 Pontfliariraln KR Co., $1
eauh
'192 Btiuth-KaKt <fc Ht. I.ouIk Ky. Co $1'0 each
2,058 Terminal RK Assoi'littloii of St. Louis, $100 ea< -h
"150 Prtii«ao<>U Kilro ul Co.,.> 100 naob
*160 Louis Cm. & Lex Rv. Co. Common. $100 eaoh...
81» 47 50 8h.-li>\ U tilroad Comp.iuv $30 each
325 AiiKiiMta Belt Rv. Co.. * 100 eaoh
2,4i08outh Carolina Turiutnai Co $100 each
$>;,300
19
uh Ltiiri & umber Co., $100 each
823 Gulf Tranxlt Company *100enoh
3,000 Binnliinhiiiu rtoutuern Hit, Preferred, $100 8Mb..
Birmmgli un H.uitheru RR. Common, $100 each...
3,0
2'0 CtMitral rran«f«r Rv. & Storage Co.. $100 each
2.00O Atlanta Belt Una Company, $100 eaoh
150 Mliledtteviile Rallwav. *100 each
250 Augusta * Hummel vllle Kallroail. $100 each
3 LfXliuton Tenulnal Company. $100 rfaoh
5,311 Nashville Chat. <fe St Louis Railway, #100 each..
32 Repuhllo Iron A Steel Co Preferred. $100 em-h....
8*3 Republic Iron & Steel Co. Common, $100 each
483 Whitley Coal Company. $100 each
N. O. Railway, $100 eaoh..
1,997 Birmingham Selma
Suniliv Railroad and other Stocks, Ledger Value..
Bills Receivable, Land Notes, etc.. Ledger Value.
16.000
15.000
9,634
40. .47
82.
5,010
241 000
1,000
stock,
$i3, ai.929
29.397
39,850
Company
Shethcld Railway
eifi.ooo
Total Stocks
»2V 997.535
Total Bonds and Stooks
$2!*
also
owns §2,000,000 South
& North
The Company
also
owns
$1,200,000
Owensboro
ville
Sept.
Oct.
1900
1900
Nov. 15*00
Dec. 1900
Jan. 1901..
Feb. 1901
Mar. 19ol..
Apr. 1901
May 1901
June 1901
Total
$1,448.268
1.532.591
1,571.024
1,914,952
1,819.475
48
81
40
i.1
93
24
1,737,6
1.870.770 55
1,6-6.276 47
1,867,173 24
1,644,008 02
1,735,529 95
l,t 01,460 01
$479,722
507,734
601.656
482,114
44-, 183
516.407
479.S69
436.377
473,155
450,700
489,725
477,534
98
42
01
27
40
49
91
01
30
15
78
36
$60.354 36
60,512 i-6
67.615 32
63,660 28
63,717 78
61,590 75
64,062 76
63,956 94
64,268 66
64,984 08
64,9*4 11
62.476 76
Nashville
five
Railroad five per cent Trust Bonds.
The Company
50,000
also
owns
$500,000 South
&
&
Nash-
North Alabama
Railroad Company five per cent Consolidated Mortgage
Bonds, which are deposited with the Farmers' Loan &
Trust Company, of New York, Trustee, as collateral for the
Georgia Railroad lease.
The Company also owns $'0,640,000 Louisville & Nashville
Unified Fifty-year four per cent Gold Mortgage Bonds, and
Nashville, Padu< ah & Memphis
$3," 40,» 00 Louisville
Division, Fifty-year four per cent Gold First Moitgage
Bonds, which are deposited with the United States Trust
Company, New York, Trustee, to secure the issue of $9,500,000 Louisville & Nashville Five-twenty Collateral Trust four
per cent Gold Bonds.
&
TABLE NO
July 1900
Aug. 1900
&
Trustee, to secure the issue of $5,129,000 Louisville
$3,100,000
Mail.
Alabama
Birmingham Mineral Railroad Company First
per cent Bonds, which have been deposited
with the Farmers' Loan & Trust Company, of New York,
Mortgage
Passenger.
v. 536
1
$3,929,000
VI.
GR03S EARNINGS. OPERATING EXPENSES, AND NET, BY MONTHS.
[Average for year,
Total L. & N. System.
Freight.
1
Railway Company First Mortgage six per cent Bonds and
$3,150,000
Stocks.
Louisville Cincinnati & Lexington Railway Company Preferred Stock. $10o each
$1,500,0 :0
Louisville Cincinnati A Lexington Railway Company Common Sock, $100 each
985,000
South & North Alabama Railroad Company Preferred Stock $l<Oeach
2,000,000
South & North Alabama Railroad Company Common Stock, $i00 eaoh
1,127,400
Mobile & Montgomety Railway Company Stock,
$100eaoh
2,939,700
New Orleans Mobile & Texas Railroad Company
(as reorganized) Stock. $100 each
3,985,000
Month.
10.760
54«,ih5
$1,960,000.
Total Bonds
11,274
1,969,000
&.
9100 eaoh..
The Compiny
Bonds.
20.000
I,»72,e00
Railroad Company Second Mortgage Bonds, which have tjt>en
deposited with the Union Trust Co npany of New York City,
Trustee, to secure the Louisville & Nashville Railroad Company's $2 000,000 six per cent Sinking Fund Lonn of April 1,
1880; $40,000 of these bonds, through the operation of the
said Louisville & Nashville Railroad Sinking Fund Loan, have
been redeemed and canceled, thus reducing the amount to
* These Stocks,
having been Included In cost of road, do not appear
on General Balanoe Sheet under the caption of "Stocks Owned."
In addition to tbe foregoing securities, the Company also
owns the following bonds and stocks, which are deposited
with the Central Trust Company of New York, Trustee, to
secure the Louisville & Nashville KR. Unified Fifty-year
four per cent Gold Mortgage Bonds, viz,:
9,850
100,000
Stock,
Rallroa.l Cuuj|iauy Stuck, f luo
00
61,30'
994,028
four per cent
Company
()
32,300
4^,300
Company
Rallroa.l
/joO
395 HeuderNou Belt Railroad Company Slock $*ii> eaoh,
10,96o:% Shelby Rallroa.l Company Stock, $iu each..
$14,277,688
15,000
$100eaoh
Alabama Mineral
each
6,150 Na»hvlll« Florence
82.3
four per cent
MOO
.
19,690
199,"
,01500
.
•
300,0
15 000
25.00J
3,300
63i.iOO
Company
$980,000
i
.
Bb
(>
Stock,
battanoo
i.oui« R
.m,
each
N.inhvuln Railway Company Muck.
Owen boro
floOeaota
...
Jicmif iF'.n Hriil-rc Company St. <w, $100 eaoh
..
PciiFHi-obi Railroad Oompanj Block 1 100 each
LonUvllle Railway TraunIcrCoiupany Stuck, $100
19,726 Birmingham Mineral
25,000
<fc
Louw Railway Company
St.
00
300,ouo
20".<>oo
<
31 Alabama Mineral Railroad
Bonds. $100,000 eaoh
50 Alabama Mineral R illroad
Bonds, $1,000 eaoh
850
v..
82.
<
4
liaiiy St. ck, *(100
60.0
i
Total Bonds, Stocks and Bills Receivable
Sooth Uasr
$1 O ach
55,015 SlMtavllle
u<>
206, -to
,
SOOCoiirti
:»,-00
748,400
,
Shares.
733
Express.
Miscellaneous.
$44,0^6 76 $36,612 45
32,782 26
41,871 41
43.102 43
32,331 20
49,318 52
42,817 97
58.755 79
26.549 18
41,395 03
67,999 47
46,270 13
41,264 17
4\504 29 41,822 28
40,252 6t
53,393 18
57,778 64
26 048 7
63.155 10
33,478 22
8 '.042 38
47,666 ^3
$2,069,025
2,175,492
2.215.729
2,552,-64
2.418,6i2
2,425,022
2,501,637
2,2hv,936
2,498.243
2. 43,519
2,386,873
2,271,180
$20,419,162 37 $5,742,581 08 $762,184 15 $618,882 75 «479,896 5f $28,02.2,20
i
Per Cent
Net
Earnings.
Operating
Expenses.
Total.
3,169-27 Mllea.]
oi
Exp
$710,153 61
704,-10 17
85' ,520 60
6568
6760
6134
1,014,156 6?
939.711 90
969.91 9-
rO-27
61-15
947,073
772.98V
87* 577
59J.647
764 914
637.710
35
70
00
te
83
98
62*14
65-86
«S4 83
73 58
71-92
90 $18,233,033 50 $9,789,173
4ti
05 07
03
2e
36
31
Op
98
$1,358,871
1,470,682
1 3^9, 08
1,538,707
1,478,970
1,455,109
42
09
76
69
18
00
1,554 564 lb
1,490.954 29
1,619,666 04
51
9»
04
64
26
44
1.6511,871
98
1,621.958 43
1, 6.i3,469 46
to
Eai n'gs.
<
60 00
6795
Note. - Freight on Company's property heretofore a credit to grose earnings and a debit per oontra to operating expenses has been ellm
lnated therefrom as of July 1,1 00.
TABLE NO. VII.
TOTAL EARNINQ8, OPERATING EXPENSES, AND NET.
Recapitulation.
Sources.
Passenger
Mail
Express
Train privileges.
Percentage of
Qross Earnings,
20-493
27
Operating
Expenses.
Gross Earnings.
Net Earnings.
$5,74 2,581 081
762,184 15
6i8,8 a 2 75
19.704 80
'
$4,755,652 69
$2,387,700 09
13,477,380 81
6,911.781 56
017
37
89
23
84
05
90
32
32
447 00
10,071 90
27 00
40 08
28 62
4,863 60
100 000
$28,022,206 90
$18,233,033 50
2-209
070
[
I
7,143,352 78
Freight
Rent
of passenger oars
R»-nt of freight cars
Rent of locomotives
Car detentions, storage, insurance, eto...
Rents
Telegraph
Wharfage and storage
Brldgetolls
....,
Creosote Works— West Pasoagoula, Miss.
72-868
057
•495
•251
•152
•519
014
•097
•002
•036
Trackage
Weighing machine
Long-distance telephone
Switching at Nashville, Tenn
Total.
20,419.162
16.076
138,806
7o.338
42.4V 6
145,512
3,975
27.077
16.' 76 89
138.806 28
70.338 84
42,4-.'H 05
14\!S 2 90
3,975 32
87,077 32
447 00
10,071 90
27 00
40 08
8 62
4.863 60
•-
$°,789.178 40
Note.— ''Freight on Company's Property," heretofore a credit to Gross Earnings, and a debit per oontra to Operating Expenses, has
been eliminated therefrom as of July l, 1900.
THE CHRONICLE.
734
[Vol-.
LXXIIi
THE ATCHISON TOPEKA & SANTE FE RAILWAY COMPANY.
SIXTH
ANNUAL REPORT- FOR THE FISCAL YEAR ENDING JUNE
Office of the Atchison Topeka & Santa Fe Ry. Co.,
No. 59 Cedar Street, New York City,
ji
Skptember li. 1901.
Atchison lopeka & Santa Fe
80,
L901.
Buildings and shops
Other Improvement work
Miscellaneous Items
$230,612 71
M«,»P8 22
124,996 34
)
To
the Stockholders of the
hail a ay ompariy :
Your Directors submit the following report for the fiscal
year July i, 900, to June 30, i901, inclusive:
The lin-s composing the Atchison System, the operations
of which are embraced in the following statements, are as
Total
$7,559,24 H 37
<
4,80*00
MAINTENANCE OF EQUIPMENT.
The rolling stock has been thoroughly maintained. The
amounts charged in Operating Expenses during the year for
maintenance of equipment are as follows:
1,127 81
8'/030
487-37
Per locomotive
Per passenger oar. Including mall, baggage and express
Per freight oar
follows:
June 30, 1901. June
Atchison Topeka & Banta Fe Railway
Gulf Colorado A Santa Fe Railway
Santa Fe P olflo Railroad
Southern Ca if.irula Railway
8an FrMbiiHioA San Joaquin Valley Railway.
Southern Kanuas Railway of iexas
Total
Increase
tides.
4,8>7- 4
1,
30. 1900.
Mxles.
127-81
87530
4>-7-37
372-57
12917
12917
7,809-76
7,425-65
38J11
The average mileage operated during the
June 30, 1901, was 7,807 -31.
fiscal
year ended
Note.— The mileage of the Santa Fe Pacific as operated, 1b 887-P9'
12-09 mile*— Albuquerque to Isleia-are here deducted, being Included
In A. T. & 8 F uiileaife.
Fur dninlied statement of present mileage and changes In mileage
einoe laat annual report, see pages 43 to 45 of pamphlet.
INCOME STATEMENT.
The following is a summary of the transactions
System for the
fiscal
year
$19,972,782 74
332,.e>ft7 17
$Z0,S05,339 91
Fixed charges, including accrued interest on Adjust7,830,810 83
Net Income
$12,474,529 08
Surpius from precedirg Tear after making deductions
shown in Profit and Loss Account
608,211 33
Total surplus on June 30, 1901
The detailed statement of equipment [page 42 of pamphlet]
shows that there were in service June 30, 1901, 1,174 locomotives and 30,685 cars of all classes.
Practically alL engines and cars have now been equipped
with automatic appliances as required by law, the amount
of work done during the year being as follows:
1
709
Loonmotive equipped with air brakes at a ost of
L< conn fives equlpied with automatic couplers at a
cost,
$185 00
37.33» 90
*,043 12
18,829 88
of
170 Cars eqnlpp.d with air brakes at a co.-t of
702 Cars equipped with automatic couple.i s at a cost of
$64.-96 90
Total cost
:
ment Bonus
$2 858 26
728 38
79 33
of the
Gross earnings fr< m opera ions
$54,474,822 61
Operating expenses, Including taxes, rentals and other
charges
34,502.033 87
Receipts from other sources.
Detailed statements of acquisitions and improvements will
be found on pages 30, 34 and 35 of pamphlet.
$13,0^2,740 41
Your Directors have declared two semi-annunl dividends
of 214 \? r ceut on the Preferred Stock, being Dividends
Nos. 5 and 6, which amounted to $2,854,345 each, and were
paid February 1 and August 1, 1901, respectively. Also,
Dividend No. 1 on Common Stock of \V2 per cent, which
amounted to $1, 5^9,333 50, and was paid June 18, 1901.
O" which amount there has been charged
And to Operating Expenses
to Capital Acct..$3",l06
96
27.-89 94
At the present time 29,853 cars are equipped with air
brakes and 29.840 with automatic couplers, out of a total of
29.880 freight, water and ballast cars.
The amount to the credit of the Rolling Stock Replacement Fund on June 30, 1900, as shown in the last annual
report, was $432, '39 93. To this amount there was added
during the year the sum of $1,593,958 84, of which $\410,564 98 was charged to Operating Expenses, and $183,393 86
was collected in cash for equipment s^ld and equipment deSaid sum represents the present
stroyed on foreign lines
cost of new equipment corresponding to 65 locomotives and
1,216 cars destroyed or otherwue disposed of, making a total
fund of $2,026,098 77 available for the acquisition of new
locomotives and cars. From this fund there has been expended during the year for replacement as follow.-:
52 Locomotives
558 Freight oars
41 Passenger, Dining, Mail and Baggage cars
FUNDED DEBT.
$737,908 44
?6«.f65 18
337.077 76
$1,443,351 38
The outstanding funded debt
of the System lines embraced in this report, deducting bonds in treasury, amounted
on June 30, 1900, to $191,236,500. During the fiscal year
$250,000 Equipment Bonds were paid.
Additional General Mortgage Bonds to the aggregate
of $5,047,000 were issued to reimburse he ( ompany
for the purchase and construction of additional properties
amount
aud improvements.
The following is a statement
debt on July
I,
1901,
of the outstanding funded
but not including treasury assets
:
Bonds.
Interest.
General Morteage
$136,^ 9, nuO 4% $:>,4i9.9so 00
AdjiiMui'-i.t Mortgage
M.b4t\000 4%
Ufi: 3,84 00
Chicago & St. Louis Railway
1,5(0,000 6%
90.001 00
Chicago Sania F. & California Ry...
629,< 00 5%
31,450 OO
Equloiieut Trust
157,000 t>%
7,8oO 0J
San Francisco* Ban Joaquin Valley
Railway
6,0^0.000 5%
300,000 00
Hutchinson & Southern Ry
19\0o0 6%
9,75 00
Total
Interest charges per
$196,076,500
$7,9«2,S70 00
month from July 1, 1901
$661,90 83
The system mileage owned on July 1, 190!, was 7,755-28
miles (see page 45 of pamphlet).
The average amount of funded debt and the average interest charge per mile of road owned, in comparisou with
the previous ytar, are as follows
>
:
Funded debt per mile
of road
Interest charges per miie of road
July 1, 1901.
$*5,282 97
1,024 19
CAPITAL EXPENDITURES
The aggregate expenditures made during the
July
1. 1900
$.4 6*8 9
I,0u062
fiscal
year
chargeable to Capital Account, for the construction and
acquisition of additional railways, equipments and other
properties, and for improvements, amounted to the sum of
$7,559.2^8 37.
The capital expenditures may be summarized as follows:
Construction and acquisition of new mileage
$4,319,866 16
Acquisition of additional right of way, depot grounds,
real estate aud terminals
379,398 44
Acquis! ion of equipment (In addition to equipmc nt aoquir. d by use of Replacement Fund)
1,028,17240
Reduction of gradee. changes of line and construction of
permanent, way
403,814 19
Second rack
5.1*2 28
i
Ball»s lug anrirlprapping
Cuivett- and drains.
ld
D .j HUa P*" Hln s" tracks.
Bridge and Culvert masonry
..*.....*..*
294.2 '3
1 '4,2*6
31«!n07
185,060
03
95
42
23
The unexpended balance to the credit of Rolling Stock
Replacement Fund June 30, 19*1, was $582,747 39.
In addition to the 52 locomotives above mentioned. 152
locomotives were under contract on June 30, 1901, for de
livery during the seven succeeding months.
It will be observed that the expenses in this department
especially as to locomotives, are excessive, exceeding even
the very large cost of last year. The reasons are
First. The necessity of retiring light engines from service
and substituting larger and heavier machines therefor.
Second. The fact t'at engine* have heen crowded to their
utmost capacity by the necessities of the traffic, making
constant repai s necessary.
Third. The changing of coal burners to oil burners at an
expense of about $300 per locomotive.
Fourth. Inferior fuel forced upon us by the strike elsewhere reported.
:
The equipment taken over by the reorganized company
was distinctly inferior both as to cars and engines,
and it has been the cons'ant aim of the management to
bring it up to modern standards without addi ion to Lapital
Account. Such charges as have been made to capital represent additions to cars and engines. All other increase in
in 1896
capacity has been charged to Operating Expenses.
MAINTENANCE OF ROAD AND STRUCTURES.
The following statement shows the amount expended per
mile of road operated, charged in Operating Expenses, for
Maintenance of Road and Structures, during each year since
July 1. 1896:
Aver. Operated
Total
Mileage.
Expenditure.
Tear ending June 30.
.6,4*381
$628'\92315
1*97
6.936-02
8,281,3-7 8*
1898
7,032-62
7,672,10-62
1899
I9O0
...7.341-o4
6,354,372 10
7,8u7-31
6.433,840 j6
1901
>
Expenditure
Per Mile.
$975 03
1,19^97
1,09093
86 s 56
824 08
The condition of track, buildings and appurtenances is
better than at any prtvious time in the history of the
Company.
EARNINGS AND EXPENSES.
The following is a statement of the Earnings and Expenses of the System for the fiscal year ending June 30, 1901,
in comparison with the previous year
:
October
5,
THE CHKONIOLK
1901.
Year Ending
June
Earnings:
Tear Ending
30, l-JOi.
June
80, 1'Jto.
hit,
i
r
No
Dm
$
Paxst-utter
.
Freight
Mall aud Express
Miscellaneous
..11,678.017 25
..39.0 2, ^57 43
3,00", 074 B9
..
735,173 04
..
9.334.661 57
h3
8,*70,IP6 12
597,887 71
/.
33,72it,;^3<?
/
I'
,
/.
8,3
60
-1
t-.sTH 77
1
137,285 33
/.
it
-
in
payable h&\
lulls
auxiliai
i.y
this
Com-
I
*'8
8,348,355
;
notes
pany or
735
l»\
The State, Territorial, County and Munioipa
System line
per '-'-Hi of tin- total
rom a
paid
ins
I
Total earnings...
4H.932 078
.54.474. 8'2 6i
':<
T.
8.848,744 88
line for
per cent of the total in
nite.i stales
internal Revenue
amounted to $41,088 78 additional, m
of 11,681,835 59.
I
\
i
t
.
I
inapt
etc.)
total taxation
(
OlKRATING E.MKNSK8:
M aluienai Co of Kd.kit
6,433,810 36
6,354,372 10
ami Structures
Maintenance ol Equipment
6,257,456 57
5,267,832 40
TrHUHponatlon
and
78
17,309,000
14,736,147 36
Trsflio
i,3ti2.647 52
1.163,147 57
Qeneral Expenses
Special betterment Account
900.000 00
/.
79,463 26
989,624 17
/.
7.2,572,853 42
1.189,49095
(JKNEKAL MORTGAGE BONDS.
The following is a statement of all General Mortgage
Bonds issued by this Company to June 80, 1001:
exReorganisation Oommltti
,V Sunt;-. l-'e Ki llroad
changed for AtC men Topi
Oon pai y General Mori gave Bonds surrendi red, a
Delivered to
/.
900.000 00
•
I,
i
i
Total Operating
pensts
Ex
i
32, 782.045
28 27.521.499 43
/.
4.741.445 BO
/.
3,501,298 58
Net Earnings from Oper
atlons.
22,211,877 38
18,710,578 80
59*23
5953
Percentage ot Operating
Expenses t> Earning*
D
00-30
The Operating Expenses
of the
System per mile
of road in
comparison with the previous year were as follows:
Tear end.
Tear end.
Ine
or.
June O.'Ol. June Ki.'OO.
Dec
Maintenance of road and structures. $824 08
$865 66
P.*4l 48
Maintenance of Equipment
(-01 49
717 56
7.83 98
Transportation and Traffic
2,217 02
2,007 28
7.209 74
General Expenses
174 53
158 4 1
7. 6 '9
Special Betterment Aocount
115 28
7.115 28
Total
¥4.13240 $J.748 84 7.$33366
The net earnings of the system increased $3,501,298 58.
No portion of such net earnings was derived from the
transportation of Company material.
The average tons of freight per loaded car decreased from
12-67 to 12-60, or -006 per cent.
The average tons of revenue freight carried per freighttrain mile increased from 22 -40 to 242'67, or 9-(5l per cent.
The average freight revenue per freight-train mile increased from $2 lo to $2 44, or 12*96 per cent.
The average passenger revenue per passenger-train mile
increased from $0 97 to $1 00, or 3-<)» per cent.
The average total revenue per passenger-train mile increased from $1 23 to $ 26. or 244 per cent.
Tons of revenue freight carried one mile increased 422.201,559, or 13*23 per cent, while freight-car mileage increased 55,415.276 miles, or 14-80 per cent, and freight-train
mileage increased 37 1, 590 miles, or 2-38 per cent.
The number of passengers cariied one mile increased 101,099,913, or 24 48 per cent. The passenger-car mileage increased 1 ,840,374 mile9, or 21 -70 per cent, and the passengertrain mileage increased 2,033,885 miles, or 21-08 per cent.
1
YEARLY COMPARISONS.
a consolidated statement of the business
of the Sj stein for each fiscal year during the period since
is
Julyl, 1896
Fiscal
War
E riding
June
30.
Average
iliUs
Operated.
Earnings,
Including
Expense*,
Including
Income
Taxes,
Rentals
mid Uthfr
from
Other
Sources.
Oh
18VJ8
1890
1900
1901
Adjustnu at
Surplus.
Interest.
tri/en.
%
s
6,4'3-81 30.876,729 19 24.814,425
6,H36-02 39,39e,126 41 3 ,513,653
7,032-6v?U0.762,W33 47 29.33-1,964
7,341-34 4B.498.899H4 29,414.427
7,807-31 54,807,379 78 34,502,039
1897
Fixed
Interest
Vharges.
9
ft
56 4,608,658 03 1,540,380 00
17 4,992.148 30 2,053,840 00
11 5.188,132 e02.' 6 (.810 00
58
^M.32«F0 k< '63,840 '0
87 6.7 76,970 83 2,053,840 00
1
<
I
00
10
90
i
OPERATING RESULTS.
The following
hum ImhiiI* then
75 )ier out Of the amOUnl
outstanding
$96,990,500
[tsned to ret. re (iuaraiileo Fund Notes and other
13,563,094
prior lien*
Istued foi aoquii-iii'>n of Atlantic & Pacific R.tilroad
(nowHantaKe Pacific) :n it For Improvements thereon. 12,674,376
[ssned lor other new acciuinitii «i« (r-; lr. ads and toi ini4,101,258
tial*)
Issued lor improveuieuts
11,398*72
$
J/.87.934
1,836,581
4,187.997
H.789,304
1247 4629
40
94
36
98
Total
amount iss-ed
to
JunecO, 1901
$138.7^7.5"
Of which this Company owns
2,«7".0(i0
41
69
00
00
LIEN OF FUNDED DEBT.
Sundry additional properties, previously controlled, have
during the year been conveyed to The Atchison Topeka &
Santa Fe Railway Company by deed, as follows
:
Mile*.
Kansas City Emporia <fe 8outhem Railway
Plorei ce El Dorado <fe Walnut Valley Railroad.
23
72 73
8
Marion &. MoPherson Railwav
Wichita & Southwestern Railway
Chicago Kansas cfc Western Railroad
98-21
115-18
887-24
1.2*«-R9
Total
The General and Adjustment Mortgages of The Atchison
Topeka & Santa Fe Railway Company have thus become a
direct lien on all said properties, and the st cks and bonds
thereof are therefore no longer printed in the list of securities pledged as security for Funded Debt (see pages 40 and
47 pamphlet), and the mileage is included in main-trackmileage statement of The Atchison Topeka & banta Fe
Railway.
Miles.
The Atchison Topeka & Santa Fe Railway (Jan.
8inoe acquired by deec:
The Southern Kansas Railway
Kansas City Topeka & Western Railroad
Leavenworth Northern & Southern Railway
The Burliogame & Northwestern Railway
The Hutchinson & Southern Railway
The Wiohita & Western Railway
The Kansas & Southeastern Railroad
The Blachwell & Southern Railway
The Pueblo & Arkansas Valley Railroad
The Denver & Santa Fe Railway
The New Mexico <& Southern Pacific Railroad
T.ie Rio Grande M xloo & Paoitto Railroad
The New Mexioan Railroad
&
Pacific Railroad
Silver City Demtng
The Silver Cny & Northern Railroad
1,
470 41
1896)
Miles.
834 Oti
66 04
45-41
34-30
142-29
79 77
9 07
1594
290-13
11638
371-76
185 14
52-47
46 50
14 53
4-28
The Santa Rita Railroad
6 66
The Hanover Failroad
49246
Chicago Santa Fe & California Railway
45
Joseph
St
76
Louis
4
Santa
Fe
Railway
St
The Kansas Oklahoma Cent al & Southwestern Ry... 56-hr
8<23
Kaunas City Emporia & Southern Railway
7i 73
Fiorei ce E Dorado & Walnut Valley Railroad
98 21
Marl n & MoPherson Railwav
Wichita & Southwestern Railway
1 15-18
887-24
Chicago Kansas
Western Railroad
4,19703
<fe
08
.4.R 7 44
The Atchison Topeka & Santa Fe Ry. (June 30, 1901)
The following statement shows the gross earnings of the
SPECIAL BETTERMENT FUNDS.
System lines, per mile of road operated, for each fiscal year
As elsewhere stated, there was added to Operating Ex"
since June 30, 1896.
penses and credited to Special Betterment Fund during the
Gross Earnings
Average Per
Year Ending June 30
from Operations. Mile of lioad,
1897
$30 621,-/30 10
$4,7 52 i>4
}***
5.6V4 69
39/214.099 24
1899
40.M3,49h 63
5,760 80
}*Q°
4«,23'2,07R 23
6.v97 49
1801
54,474,822 61
6,977 41
The increase per mile of road for the year ending June 30
over the previous year was $679 92, or 1080 per cent over
the year ending June 30, 1897, the increase was $2,225 37. or
46-83 per cent.
year the
sum
of $900,000.
There has been also charged to Profit and Loss, by vote
of the Directors, and credited to the Special Betterment
Fund, the sum of $1,000,000.
From the $1,900,000 to credit of Betterment Fund, as
above stated, there has been expended the sum of $582,885 25, representing the cost of improvements made upon
The San Francisco & San Joaquin Valley Railway, and $77,805 57, representing similar expenditures on the Mojave
The following yearly statement shows the development of Division, and the remaining $1,239,309 18 still standing to
the Freight and Passenger Earnings of the System since credit of this fund will be available for similar expenditures
hereafter.
July 1, 1896:
There was charged to Profit and Loss for discount on
Freight
Passenger
_
„
ar Endln 9 June 30.
bonds sold during the year covered by ihisrepo't. $5 ',458 34.
Eat nings
Earnings
, J %
7
.$22.«<67,bc6 77
$5,574, 88 3
In addition, the sum o"f $1,087,301 88 was charged to Profit
Jf*
IS?**
28. ".t-8. 71676
7.3.7.36159 and
Loss and credited ag inst the cost of railroad, franchises
29,49<\*8«65
8.126,14185
i°9»
and
'7
other
property, as shown on the Company's hooka, to
3*,7.<9.332 83
9.334,661
JS2?...
1901
39,0-2,557 43
11.678,01725 cover the discount on bonds sold since the reorganization of
the Company and prior to the year treated of in tins report,
TREASURY.
The Company held in its treasury, on June 30, 1901. the ma"ing a total of $2,720,355 95 charged to Profit and Loss on
such account to June 30, 1901.
following cash and cash a9sets, viz.:
;
,
Cash on hand June. 30, 1901
Securities, estimated oash value (see
Total
$9,484.200 69
page 738).
'..'.'".'.'.
3*,47
s',622
77
$12.°.V> 82' 4«
The expenditures chargeable to Capital Account for which
bonds have not oeen issued amount to $11, 85,922 28, which
has been paid irom current receipts.
RATIO OF OPERATING EXPENSES TO EARNING S.
The ratio of expenses to earnings is but sliuhtly less than
that of last vear; but it should be understood that there is
included in "the expenses a charge of $900,000 for actual
betterments to property. Deducting this sum, the ratio is
found to be 5757 per cent, instead of 5923 per cent. This
Betterment Account was established for the purpose of
THE CHRONICLE.
736
creating a fund which could be used for Improvements on
auxiliary lints not covered by our own mortgage, and for
BOOh other betterments as it seemed beet for various reasons
not to capitalize.
Net earnings would have been materially larger bad it not
been for conditions elsewhere alluded to which bad tne
double effect Of enhancing expenses and redu ing j^ross receipts. Too much prominence is given to the ••(.pirating
ratio" by a large portion of the investing community, as
well as by some experts in railway affairs. A very low
operating ratio can Vie obtained by various methods which
do not conduce to the true prospe itj of the carrier: — the
refusal to take traffic at rates which pay only a small profit,
but which will not otherwise move at all;— the charge to
Capital Account of that large class of betterments which
tend toward future economy, but which do not show immediate definite and visible results; the postponement of
necessary expenditures or the practice of spreading them
over a series of years - all conduce to a low -'operating
It freratio," but are none the less mistakes in practice,
quently happens that the revenue of the stockholders may
be increased by measures which tend directly to inert a^e
the operating ratio.
—
;
[Vol. LXXIII.
Amarillo, it has contributed to the Atchison
stantial amount of profitab e traffic.
The total amounts of the outstanding bonds
System a sub-
and stocks of
The Pecos Valley & Northeastern Railway Comp-my are
$3,916,000 of Five Per Cent First Mortgage Bonds, $8,163,000
of preferred t-tock and $3,162,000 of common stock. The
Company has no Boating debt.
The Board of Directors has purchased more than twothirds of the bonds and 96*83 per cent of the preferred stock
and common st<>ck of the Company at an aggregate cost of
$2,675,9<J1 83.
While the Pecos Valley & Northeastern Railway Lompany has not heretofore tully earned the interest
on its bonds, your Directors deem the acquisition of the control of this property necessary in order to protect the Atchison Company in the territory above referred to and n order
to secure permanently the traffic contributed by The Pecos
Valley & Northeastern Railway Company to the Atchison
System. Your Directors are satisfied that the purchase was
a jodicious one, and that it will increase the earnings and
enhance the permanent prosperity of your property.
J
GULF BEAUMONT & KANSAS CITY RAILWAY.
As
stated in the last report, a majority of th« stock of
(J< m puny and
its extension— The Gulf Beaumont &
Great Northern has been acquired by The Atchison Topeka
As elsewhere stated, large additions have been made in & Santa Fe Railway Company. When the purchase was
the way of locomotives and cars of various classes, though a made it was subject to a contract for the extension of the
•Northern" from its then terminus at Kirbyville northlarge part of the purchases were not delivered during the
fiscal year.
While the equipment contracted for and to be ward sixty miles to !?an Auzustine. Of this extension about
delivered during the present summer will materially in- 14*69 miles have been completed and the remainder is uncrease the traffic capacity of your property, it must be re- der construction. The connecting link of sixty miles from
mem rered that such large increases in earnings per mile as Clevelmd, Texas, to Silsbee Junction. Texas, has also been
are shown by these reports must of necessity create an im- completed, and was opened for traffic in August, 1901, but
perative demand for more cars as well as more power. The was not in operation during the year treated in this report.
The important discovery of fuel oil in the neighborhood
following table is illustrative of the coi ditions
Ean inKH per mile in 1900 increased over earnings of 1897
40 83% of Beaumont, and the cheapness with which it can now be
2.V8% produced as compared with the cost of coal in that region,
Locomotive capacity H. P increased.
9-04% has given this purchase a value entirely independent of the
Car capacity (tons) increased
It has only been possible to move the greatly increased
purposes for which it was made.
traffic with the small additional equipment by constant
OKLAHOMA EXTENSIONS.
watchfulness and improved methods, and it has been
In previous reports mention has been made of the rapid
thought, as the growth of traffic had been so rapid, there development of this territory, and the necessity for better
might be at some time a recession to a point which would transportation facilities therein.
Your Directors have
enable us to serve our patrons with the equipment already authorized the construction of about 250 miles, extending
owned.
It is now apparent, however, that addit onal geneially in a north and south direction east of, and thirty
equipment must be provided both for passenger and freight to forty miles distant from, the present main line, through
service and that immediate action must be taken in that a good agricultural country, which new line, it is believed,
direction.
will protect the territory now tributary to your Company,
REDUCTION OF GRADE.
as well as prove a valuable feeder.
Reduction of grade is in progress between Olathe and
COAL PROPERTIES.
Emporia as part of a general plan to reduce to twenty-one
Your
Directors have decided hat all receipts from coal
feet per mile all grades from Kansas City to La Junta as
properties should be placed in a special fund for the purfast as circumstances will permit.
pose of providing for future purchases of coal land and genTHE SAN FRANCISCO AND SAN JOAQUIN VALLEY RAILWAY. eral protection of its fuel supply as the same may become
this
—
ADDITIONS TO EQUIPMENT.
:
;
i
As
stated in the last annual report, this road was opened
for through freight traffic May 1, 3 900, and for through pas-
senger traffic July 1. 1900. The fiscal year covered by this
report, therefore, is the first in the history of the completed
road, and while the new portion of the line was somewhat
incomplete and has required large expenditures, the net results hav^- been entirely satisfactory.
The franchise and property of The San Franc'sco
San
Joaquin Valley Railway Company were sold April 1st to
&
& Santa Fe Railway Company, and
an integral part of the latter, although still operated separately as a matter of convenience.
The Atchison Topeka
now form
SAN FRANCISCO TERMINALS.
By virtue
of a contract with the Harbor Commissioners of
San Francisco, approved by the Legislature, a lease has been
made for fifty years of the tract of partially submerged land
known as " China Basin," containing about thirty-five acres.
The conditions of the lease are that, in addition to a nominal
rental, the Terminal Company shall build a sea-wall and reclaim the land from the tide. There have also been purchased by the Santa Fe Terminal Company certain lots
south of and adjoining "China Basin," containing about
seventeen acres. In order to obtain material for the work
of reclamation, it has been found advisable to purchase additional real estate in San Francisco to the value of upward
of $400,000. Tne cost of improvements on the water front is
estimated at $750,000. The work of building the sea-wall
has already been commenced. The entire premises can
hardly be ready for full occupancy in less than two yea:s,
but meantime- partial u?e thereof is being made by means
of piling. When completed, your terminals in San Francisco, in addition to those used at present, will thus consist
of about fifty-two acres on the water front with total water
frontage of 3.811 feet, together with about forty-six acres
located slightly inland, which latter may be sold or used for
railway purposes as may be deemed advisable.
—
The receipts from this source $257,447 24
necessary.
have been made a special deposit with the Guaranty Trust
Company of New York, which sum does not appear in any
form in the operating accounts of the Railway Company as
herein stated.
COAL STRIKE.
In February occurred a strike in the coal mines of The
Colorado Fuel & Iron Company, at Gallup, New Mexico,
which for a time threw our business into some confusion
and resulted in a considerable addition to our operating
expenses, as well as loss of receipts.
The line between Albuquerque and Barstow depended
almost wholly on these mines, and, as the coal was of
engines were specially fitted for
peculiar quality, the
burning it alone. The introduction of coals from New
•Mexico, Kansas, Missouri and Illinois not only enormously
increased the cost of fuel, but greatly impaired the efficiency of our power, and this at the time when our trans'
continental business was at its heaviest— the result being
dissatisfaction to our patrons and piactical retirement from
certain classes ot business for nearly sixty days. Notwithstanding this, the increase in gross earnings has been steady
and continuous.
^^^^^^^^^^^^^^
OBITUARY.
Your Company sustained great loss by the death, April
12, 1901. of
Aldace
F.
Walker, who had been identified with
the property for nearly seven years; first, as one of its
Receivers, and, since the reorganization, as one of its Directors and its Chairman. Mr. Walker was widely known as a
writer upon economic and transportation subjects, and was
universa ly respected and liked by his associates. Your
Directors will long and sadly miss his accurate business
methods, his wise counsel and his engaging personality.
BHHSHaDHB
GENERAL CONDITIONS.
The year covered by this report has been one of great
business activity as well as of bountiful crops throughout
THE PECOS VALLEY & NORTHEASTERS RAILWAY.
the territory traversed by your lines, and rates for the most
The Pecos Valley & Northeastern Railway, 370*24 mihs part have "been fairly well maintained despite legal obin length, extends from the terminus of the Panhandle stacles and ill-advised laws. Notwithstanding an almost
Division of the Atchison System in a southwesterly direction total failure of the corn crop in Kansas and Oklahoma, it is
to Roswell, New Mexico, and thence in a southerly direction not believed that earnings for the coming year will be less
along the Pecos River to Pecos, oa the Texas & Pacific -atisfactory than those of the last. The direct gross earnings
Railway. The railway traverses territory which is properly of your property from freigbt on corn during the year covtributary *o the Atchison System, and since the construc- ered by this report were approximately $600,000, of which
tion, in 1898, of the portion of the line from Roswell to about one-third came from sections in which there is little
October
5,
THE GHKONICLH.
11*01.
iratags (on cattle,
damage. The tidireet lot
boge,eto.,)oannot be accurately oomputed, but it is believed
that looreased tonnage la other lines of business and other
territory will quite compensate therefor.
Your Directors take pleasure
or do
run atoiiis')S
iNi'i
top ska
sasta
<*
7:^7
.
ol
11
ti
loyal
in recording their sppi
service rendered by officers uu'i
effioienl
aii'l
mployi
pi:
E.
railway ooupasy-sysi
J
J
.
RIPLEY.
km.
ATORIBOa TOPMT.4 & Santa Fe Raii.hu COMPANY, UULK OOLOBADO .V Santa Km Kvii.wav OOMPAHT, SAVTA
EtAILBOAD OOMPAWT, HcMTTIIKKN CaI.11.iH.ma RAILWAY COMPACT, 111 K BOUIUIBM Kansas RaII.WAI COMPANY
..1
TaxAS am< ihk s.n Francisco & San Joaqi in Vallbt railway.
disc; Tiik
1
INCOME ACCOUNT FOR THE
FISCAL.
Dr
YEAR BSOIKQ
JU9TB
-
Fa'
1901.
30,
Or.
Earning*:
FauBMiKer..
Operating Expense*:
Maintenance 01 Road aud Structures. .$6, 433,840 30
6,9 7,4*6 67
Maintenance of Equipment
17,309,000 78
Transportation audTraitio
1.36^.647 ft
(Jeneral Expenses
900.000 00
Special Betterment Account
ii
1
1,678,017 25
-57 43
3,744,247 9.1
89.1 52,
Freight
Mall, Express and Miscellaneous...
$54,474,822 61
$3?,'2«2.'.U!S
23
1,681,3.15 59
Taxes
Rental of Tracks and Terminals
Hal a nee carried down
20
/
,
/
448
/
=
* >4.474.8?2 PI
$n,776.970 83
2,053,81« 00
30,303 38
Interest on Bonds
Interest on Adjustment
Bonds
Subsidiary Companies
,
Advances to
Depredation of Securities
Land Department (net)
Adjustment of Fuel Account
Batanc ,beiiig tfet Income for th' year carried
and Loss Account
**.4,47 1.822 61
lialanee brouaht down
Interest and Dlt-oount
$20,17 1 44 Hji
1K2.241 81
140,315 36
Income from Investments.
127. <»0u 00
8.4H2 3*
37,500 00
.
to Profit
12,474..'; 20
08
$20,504,005 68
•20 504,00".
PROFIT AND LOSS ACCOUNT TO JUNE
Dr.
30,
»
8
IS01.
Or.
Dividend No. 4 on Capital Stock, Preferred
"
"
••
"
"
5 on
"
"
" ion
"
Common
Amount written off from cost of Railroad Franchises and other Property
(representing balance of Dlsooant on
Bonds, sold slnoe the organisation of
the Company). (See Exhibit A)
$1,087,30188
Discount on Bonds sold during the year
ending Jane 30,1901
52,458 34
Amount credited
$2,854,345 00
2,854,345 00
1,519,332 50
Balance brought fimcard from June 30. 1000
Net Income for the year ending June 30, 1901.
%QQQ4Jbtos8
12,474,529 08
22
1,139,7'
1,000,000 03
8,ti25 53
Fund
Special Betterment
Sundry Adj ustments
Balance carried down
13,082,740 41
$22,469,148 66
$22,469,148 66
Balance (Swrplus) cairitdto General Balance Sheet
NOTB.— Dividend
No. 6 on Preferred Capital Stock paid August
1.
Balances
j une 30,
Balances
ASSETS.
SO,
1901.
1900.
Railroad Franchises and
Otheh Property, including
30,
1901.
Balance*
Balance*
LIABILITIES.
June
30,
1900.
1
$412,107,188
Improvements
$1,887,595
460.611
1,028.172
Extensions
Equipment
Capital Stock:
Common
Preferred
$102,000,000
$181,486,000
6,486.470
•ions, etc
4,452.713
8,376,879
17,286.470
114,l99,5i0
1
and Terminals
(Exhibit B)..
4.067,678
$183,680,600
51,728,001
New York Security & Trust
Co., Trustee
Cash and Securities in Special Trust for Re
l,600,0(i0
:
500,000
demption of Equipment Trust
Bund*
•-'(17.670
114,190.63)
Funded Debt:
NBWACQUISITIONS: RAILROADS
8,733.624
189,670
fc30,210
General Mortgage
(Exhibit D)
4JG
Bonds
$188,717,600
Adjustment Mortgage Bonds
Chic.
&
St. L.
Ry. Co. Bonds.
Equipment Trust Bonds
The San FranciseoA San Joaquin Valley Raliw'y Co.
MorUaire 5% Bonds
Miscellaneous Bonds
61,728,01 K);
1,600,000
260,000
1st
6,000,000
830,210
188,238,710
199.085.71.)
Balance carried down
3,017,241
$407,466,481
Balance from Capital account
Special betterment fund,
3,275,616
material and supplies
Prepaid Insurance Premium.
16,269
Accounts Receivable
$891,672
271,(14(1
stock Re placement Fund
Rail Renewal Fund
Tie renewal Fund
Fuel Reserve Fund
Accr'd Taxes not yet ihk
intkuest on Funded debt:
79,600
406,029
2,778,788:
Agents and Conductors
0.
S.
2,298,276
32,156
763.066
:
Traffic Balances.
Government
Miscellaneous
4,361,784
$1,887,660
3*o,822
603,120
3,770,833
3,372,040
201,380
('ami
Bank
$1,554,938
1,736,468
1,067,917
7-4,020
6,740
M4.891
w
BJOMN
$1,807,310
Pay Rolls
Audited Vouchers....
8,488^68
Traffic Balances
1
9.994,620
$26,829,300
.488.467
189,91s
Miscellaneous
6,803,947
Prior ACCOUNTS
9,484,201
269,538
f20.254.729
39.413
287.447
$3,115,306
193,6
6,142,343
in
321.861
accounts Payable:
:
On Hand and
Accrued, not due
CouponB, not presented
.'.747
3,573,420
0,042,441
Prior acc'ts in Liquidation.
$1,239,809
Rolling
$132,140
3.475,628
2,482,277
7,104.906
$419,731,110
$1,496,870
securities on hand (Exh'tc):
Company's Securities (esti$2,772,389
mated value)
$2,898,496
603,227
Other securities (est. value) ....
677, 127
7,698
4.4U5
$419,731,110 $407,455,481
$3,017,241
SO.
Less am'nt in Special Trust
For acquisition
of Auxiliary
Lines
$10,800,000
For Improvements, Exten
EXPENDITURES FOR CONSTHUCTION AND EQUIPMENT DURING Current Fiscal Year:
$3,309,870,
30,141
1,112,702
June
1901.
$102,000,000
Stocks, Bonds, &c, (Exhibit A)
$309,00 1.471
$IJ.«S2 740 4t
1901, $2,154,345.
GENERAL BALANCE SHEET JUNE
Jwne
Fi
in LlQl
1
dati o n
868,614
Profit and Loss:
Surplus...
13.082.740
SSS.8S9.806
$20,254,729
We
hereby certify that we have examined the foregoing Balance Sheet and relative Inoome Aooount with the books of the Company kept
at New York, Chicago, Topeka, Los Angeles, Amarilio and Galveston, and that the same are oorrect. We have been provided with satisfactory
certificates from the Trustees as to the securities pledged under the different mortgages, and we have also verified the oash Items.
N«w
YORK. September
9,
1901.
PRICE,
WATERHOD8E &
CO., Auditors.
THE CHKONICLE.
ns
GENERAL BALANCE SHEET-EXHIBIT
GENERAL, BALANCE SHEET— EXHIBIT A.
General Mortgage Foon
Railroad Franchises ani> Othbk Proi-krty.
Amount June 30, 1900, as published
In
Annual Report
Ghangt$ During Fiscal Year.
SO, 190O
Issued for S Fe Pao. BR. (Purchase and Improv'm'ts).
Issued for Improvements (other System Linen)
Issued for New Acquisitions (Rallr'ds and Terminals).
Expenditures for Construction and
Equipment during Flsoal Year end4,452,713 42
3,733,628 95
Of the above l«sue«.$2, 478,000 are
6,114,052 88
35,942 46
25,000 00
Deductions
Discount on Bonds; amount written
off bv vote of Directors (see Profit
and Loss Account)
1,087,301 88
168,316 54
Sundry Adjustments
Wheat
$1,255,618 42
$412,107,188 14
GENERAL BALANCE SHEET-EXHIBIT B.
Expenditures During Fiscal Year i or Railroaj>s| and Terminals.
$29,2'?5 54
The Blaokwell & Southern Ry
58,900 62
The Eastern Oklahoma Railway
21.342 72
The Guthrie & Western Railway
1,50412
The Hutchinson & Southern Railway
16,790 47
The Kansas Oklahoma Central & Southwestern Ry....
9,527 17
The Kiowa Chiokasha & Ft. Smith Railway
8 75
The Pan Handle Railway
490 01
The Wichita & Western Railway
193,456 05
The Santa Fe Termiual Co. of Cau'ornla
1.073,198 10
Gulf Beaumont & Kansas City Rv.& other companies.
2,675,901 83
The Pecos Val'yA Northeastern Ry.& other companies.
$1,080,345 38
Deductions.
GENERAL BALANCE SHEET-EXHIBIT
The Atchison Topeba & 8anta Fe Ry.
General Mortgage 4% Bonds
Adjustment Mortgage Bonds
30, 1901.
Par
Estimated
Value.
Value.
$2,47!>,936 26 $2,479,936 26
362,90000
24,51000
31,150 00
50,800 00
382,000 00
25,80000
44 500 00
101,000 00
56,653 02
J 00 00
11,600 00
25,000 00
"
Common
& Utah Ry. Co. 1st M.!6% Bonds.
California Eastern Ry. Co. IstM. Bonds...
Chic. Kan. & West. RR. Co. 1st M. 5 % Bds.
••
Arizona
OO
OO
99
$138.727.60
OO
01
Company's Treasury.
,
28,326 51
00 00
00
00
00
00
00
287,000 00
i
County Bonds
Kansas City Belt Ry. Co. 1st M. Bonds...
Pueblo Union Depot & RR. Co Capital Stk.
8,000 00
Presootc & East. RR. <"o. 1st M. 5% Bonds
69,000 00
Santa Fe&Gr.Can. RR.Co.lstM. 5% Bonds
324,000 00
U.S.ofMex. Interior Cons Debt3% Bonds. 1,100,000 00
Tons.
591.786
61'.
,
,
18'82
1.8R4
30 87 2,4ei,749
Products of Animals—
Live Stock
889,997
95,598
64.470
36,982
Wool
17,057
Hides and Leather
11.000
Total Products of Animals 1.114.904
2488
1,102,937
53,124
73,097
33.736
25,0 8
Dressed Meats
Other Paohlng-House Produots
Poultry, Game and Fish
14/21
10-03
1*302,433
47,780
2,164,076
191,888
419,655
-
14 09
180.600
366,903
108,733
Total Produots of Agriculture
3,430,273
Products of Mines —
Anthracite Goal
Bituminous Coal
,021
190.222
1,393.029
208,254
65,561
136,815
284,216
84,772
156,283
3,553
213,790
415.978
170.644
Hay
Tobacoo
Cotton
Fruits and Vegetables
Cotton Seed and its Products
180
,
P. t.
13-16
50,367
2,156,275
228,528
456,532
Stone, Sand and Other Like
Articles
614,491
Total Products of Mines .. 3,437.8 90
JJO-94
501,085
3.392,787
7-98
795,132
3»29
Products of Forests—
C.
Co.:
Capital Stook, Preferred
Other Grain
Total Grain
Flour
Other Mill Products
Ores
$4,057,873 15
Treasury June
447,492
1,405,034
238,511
2,091,037
,
Coke
$5 25
22,466 98
22.472 23
tn
the
1901.
Tons.
,
Products of Agriculture—
Corn
'
Securities
In
$133,680, SOo
175,000
3,899 962
972 .037
FREIGHT TONNAGE (COMPANY MATERIAL EXCLUDED! FOR
YKAR8 ENDING JUNE 30, 190). AND 1900.
$413,362,806 56
The Hanover Railroad
The Kansas & Southeastern Railroad
D.
Cent Bonds.
I'kh
Amount outstanalng June
$399,001,473 85
ing June 30, 1900
Expenditures for New Acquisitions
(Railroads and Terminals) during
the Fiscal Year end'g June 80,1900.
Investment In San Francisco <fc San
Joaquin VHlley Railway
Property In Atlantio & Paolflo RR ..
Kansas City Belt Ry. Co. Capital (Hook
LXXIII.
[VOIfc
11,600
25,000
8,000
69,000
97,200
$3,475.622 77
'Includes $75,500 of bonds deposited with New York Security &
Truot Co.. Trustee, under agreement dated August 28, 1896. Also
Includes $1,936 26 fractions due.
Lumber
886.509
Manufactures—
Petroleum and Other Oils
Sugar
IroD, Pig and Bloom
Iron and Steel Rails
Other Castings and Machinery
Bar at d Sheet Metal
Cement, Brick and Lime
Agricultural Implements
Wagons. Carriages, Tools, etc
Wines, Liquors and Beers
Household Goods and Furni-
161,181
68,558
20.586
87,712
111,744
170.857
353,749
42,783
44.366
63,488
119,037
63,130
60.164
56,105
141.582
98,270
243,247
39,599
37, 05
50,707
97,979
91,669
ture
Naval Stores
Total Manufactures
-
04
50
1,223.003
11 00
l.Olo, 65
iov21
Merchandise
597,598
5-38
550,350
5-57
Miscellaneous: Other Articles
not mentioned
422,437
3-80
3=0,302
3-85
10000 9.893,018
10000-
Total Tonnage, exclusive
of Company's Business. .11,112,614
TRAFFIC MOVEMENT OF THE SYSTEM.
Comparative Statement for Fiscal Years Ending June
FREIGHT.
v,,
Fiscal Tear
Freight
to
Earnings.
June
June
30, 1901.
30, 1900.
Increase
m v, r
Number
i
7v„«
II
Average
Rate Per
Tons
Distance ITonPerMile
Carried One] Per Ton—
in
mi^
$39,052,557 43
33,729,332 83
11.112,614
9,863,018
3,876,793,344,
3,454,591,765
$5,323,221 60
1,219,596
422,201,659,
1
and
1900.
PASSENGER.
1
r„r-l;*,i
Carried.
30, 1901
MUts
Cm ^
34886
34919
01'007
00'976
00-131
Fiscal Year
.
Increase
Number
Rate Per
Average
Passengers
$11,678,017 25
9,334,66157
5,664,811
4,811,466
514,037.047
412,937,134
90-74
85-82
02-872
02-261
$2,343,3=5 68
863,845
101,099,913
4"92
03*011
to
J line 30, 1901
June 30, 1900.
Number
Passenger
Earnings.
...
Carried.
Passengers [Distance Per Passenge r
Passenger Per Mile ir*
Carried
One Mile.
—Miles.
Cent!.
I
-83
1
1
1
CHICAGO TERMINAL TRANSFER RAILROAD COMPANY.
FOURTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
Office of The President,
Grand Central Passenger Station,
i
)
To the Stcckholders of the Chicago Terminal Transfer^Railroad Company:
The following report covers the operation of
pany for its fourth fiscal year ended June 30, 1901:
EARNINGS.
The following statement shows the results
year of the operations of this Company:
this
Com-
Trafflo
Earnings
Operating Expenses and Tones
Total
Net Earnings
Less Interest charges
Its
Uses—
$659,189 87
771,799 74
$1,430,989 61
827,667 75
$603,321 86
591,900 CO
Fiscal Tear
Fiscal Year
1899-1900.
1900-1901.
19CO-190I
Inc. or Det\
$
Gross Earnings from Rail579,859 14
road Tenants
94,284 44
Other Tenants and Income.
559,610 88
99,578 99
Total Rentals and Trackage
Freight and Switching
674,143 58
546,785 45
45,032 35
659,189 87
701,45192
591,817 80
771,799 74
J.
179,981 94
Total Income
1,265,961 38
Operating Expenses—
67,695 41
Maint. of Way & Structures
Equipment
67,526 53
Conducting Transportation. 297,058 00
General Expenses
76,869 29
1,430,989 61
I.
165,028 28
Total from
Gross Earnings—
Rentals and Trackage
Income and
Passenger
of the fourth
1901.
COMPARATIVE INCOME ACCOUNTS FI8CAL YEARS
[-
Harrison Street and Fifth Avenue,
Chicago, September 21, 1901.
30.
Co.'s Traffic.
Exp
70,347 82
97,016 4 8
127,429 16
432,657 23
81,675 13
D. 20,248
J.
26
5,294 55
D. 14,953 71
154,666 47
JT. 25,315 4T
I.
I. 29,321
I. 59,902
I. 135,599
/. 4,305
07
63
23
84
Taxes
509,149 23
80,e84 74
738,778 00 J 229,628 77
J. 8,305 01
88,889 75
Total Operating Charges
Interest on Mortgage Debt..
589,733 97
584,200 00
827,667 75
591,900 00
I.
237,933 78
J. 7,700 00
Total Expend, of Income. 1,173, 933 97
1,419,567 75
I.
245,633 78
Total Operating
Surplus
$11,421 86
capital of the Company has been increased
to the extent of the above surplus income for the year.
The working
Surplus Net Income
92,027 41
~11,421 86
D. 80,605 5&
Ootobw
5,
THE CHRONICLE.
1901.
INCOME FROM RENTALS AND TRACKAGE.
RAILBOAD TENANTS.
There was a decrease in gross receipts of rentals from railroad tenants amounting to $20,248 26, explained as follows:
Increase—
Chicago Great Western Railway Company
Chicago J notion Railway Company
St. Louis Peoria & Northern Railway Company Lease
Trackage from sundry roads
ii
$12,78162
1,412 16
41,062 48
27169
$55,527 85
Total Increase
Decrease—
Wisconsin Central Hallway Company
7;">,776 11
$20,248 26
NetDeorease.
During the past liscal year the commuted rental payable
under the lease of the St. Louis Peoria & Northern Railway
Company, as explained in the annual reports for the past
two years, has been regularly paid in monthly instalments
by the Guaranty Trust Company, Trustee, of the Fund, and
included in Earnings. This fund is sufficient to pay the
rentals due under the St. Louis Peoria & Northern Railway
Company Lease until January 1, 1904 thereafter the income
receivable under the leass is protected, until December 31,
1997, by an agreement between this Company and Messrs.
Edward H. Harriman, Jacob H Schiff, James Stillman and
George J. Gould, who have jointly and severally agreed
" that on or before the first day of January, 1904, they will
cause the Chicago & Alton Railroad Company, or some other
corporation satisfactory to the Terminal Company as to responsibility, to become the successor of the St. Louis Company as lessee under said lease of October 1, 1898."
The rental receivable from the Chicago Great Western
Railway Company will be increased at the rate of $15,000
per annum commencing April 1st, 1902, and also for an
amount equal to six per cent per annum on the cost of a
four-story Freight House built of brick and steel at Chicago,
;
now
nearing completion.
Otheb Tenants and Income.
Rentals from Industries and other inoome than traflic increased
.+5,29155
Beoeipts from all souroes exoept Traflic therefore showed a
decrease of
14,953 71
as oompared with the preceding fiscal year.
INOOME FROM TRAFFIC.
The last annual report stated that the policy of the management would be to develop so far as practicable the
traffic interests of the Company.
The result of this policy
is shown by a gratifying increase of earnings, viz.
From
Freight
and Switching—
Gross Earnings 1901
Gross Earnings 1900
739
This increase was due to the enlarged volume of traffic. The
traffic increased to such an extent that the facilities of the
Company were severely taxed and the available power had
to be overworked until the situation was relieved by the
addition of six large consolidation freight locomotives ordered early in the fiscal year but not received until just
fore its close. The amount expended for Locomotive Repairs increased from $90,201 0<> in the fiscal year 1900 to
|70,581 71 in the liscal year 1001, an Inorease of $50,270 65, or
These expenditures amounted to an average
171 8 per cent.
of $2,410 for the year per locomotive in service. The equip
ment is now in good condition and with the addition of the
six new large freight engines the expenditures In this department for the next fiscal year should be materially decreased, as the power available both in number and quality
of locomotives is fairly well adapted to the volume and
character of traffic to be handled.
I
-
Conducting Tkansi-obtation.
The Conducting Transportation Expenses increased from
$297,058 00 in the fiscal year 1900 to $432,657 23 in the bsoal
year 1901, an increase of $135,599 23, or 45*6 per oent, against
an increase of $179,981 94, or 3'J-4 per oent, in Traffic Receipts.
While at first glance this might be considered an unsatis
factory showing, the cause is entirely logical. The efforts
to increase the traffic of the Company bore fruit before enlarged facilities could be furnished. The result was a congestion which materially added to the cost of transportaThe traffic has been held and is increasing in volume
tion.
as compared with last year, but the facilities are now more
nearly adequate to handle it, and the benefits will be reflected in the accounts for the next fiscal year.
Other
causes for increased expenses in this department were increased cost of fuel and additional contribution towards
payment of joint expenses, due to increased wheelage, thus
reducing the proportion of expenses otherwise payable by
tenants. The transportation expenses for the fiscal year
1901 absorbed 56 per oent of the receipts from traffic. The
month of July, 1901, the first month of the new fiscal year,
the same expenses absorbed only 478 per cent of the receipts
from traffic, as against 54*5 per cent for July, 1900. It is exEected that this improvement in operating efficiency will
e continued during the year.
General Expenses.
This department showed an increase
entirely to increased volume of traffic.
of
$4,805 84,
due
BRIDGES.
The Scherzer rolling lift bridge across the Drainage Canal
at 31st Street on the Chicago Central Division, referred to in
$154,666 47 the last Annual Report, has been completed and turned over
213,419 to this Company by the Sanitary District of Chicago. A
171 244 similar bridge across the Chicago River at Taylor Street is
now nearing completion, and will probably be opened for
$12,175 operation within the next few
months.
$701,451 92
546,785 45
Increase
Increase per cent, 28*29.
Cars Handled 1901
Cars Handled 19O0
Inorease
Increase per cent 2 4 -6 J.
From Passengers—
Gross Earnings 1901
Gross Earnings 1900
Fixed Chaboes.
$70,347 82
45,032 35
Inorease
Inorease per oent 56 22.
Passengers carried 1901
Passengers carried 1900
Increase
Inorease per cent, 5*1.
$25,315 47
The Fixed Charges were increased §7,700 by additional
first mortgage 4 per cent bonds sold to pay in part for new
mileage and equipment.
CAPITAL LIABILITIES.
$709,616
675,289
Capital Stock.
$34,327
The amount of Capital Stock outstanding has not been
changed during the past year.
are due
The increased earnings from passenger traflic
principally to the extension of the service to Chicago Heights
and change in rates to intermediate points, resulting in a
moderate increase in number of passengers carried, but an
emphatic increase in average receipts per passenger from
6-6 cents last year to 99 cents this year.
OPERATING EXPENSES.
Way and Stbcctcbbs.
Maintenance of
This Company's proportion of expenses for Maintenance
Way and structures increased from $67,695 41 in the
fiscal year 1900 to $97,016 48 in the fiscal year 1901, or
$29,321 07, equal to 433 per cent.
As explained in previous aunual reports, the maintenance
of this Company's tracks and other property is divided be-
Bonds.
The amount
of bonds outstanding has not been changed
during the past year, no requisition having been made upon
the Trustee under the Mortgage for bonds to reimburse the
Treasury for capital expenditures made during the year, the
funds for such purposes having been advanced from the
current resources of the Company and from proceeds of the
sale of its free Treasury Securities.
of
Debt and Intebest.
The
total debt of the Company, direct and assumed, exclusive of current and contingent liabilities incurred in the
now amounts to $14,629,000,
4-071 per
tween the various occupants, upon the basis of wheel cent,
and amounting to $595,600. The details of this debt
mileage. The withdrawal of the Wisconsin Central Railway Company from the Terminal property therefore in- and its interest charges are as follows
creased the proportion of expenses to be assumed by this
Principal.
Intrreit.
Company, and the proportion was further increased bv the
TitU
of
Debt.
added wheelage required to handle the additional volume of
daily operation of the property,
with annual interest charges thereon averaging
:
Independent of these causes, however, expenditures in this department were on a more liberal scale than
during any preceding year, as evidenced by the fact that
35,50»> cross ties were renewed, against 28,989 last year;
432,214 feet of bridge and building lumber were used, as
against 183,783 feet last year.
The total Maintenance of Way and Structures expenditures paid by this Company and its tenants for the vear
amounted to $196,137 36. The property has been fully
maintained and some improvement effected.
Maintenance of Equipment.
The Maintenance of Equipment expenditures increased
from $67,526 53 in the fiscal year 1900 to $127,429 16 in the
fiscal year 1901, an increase of $59,902 63, or 88'7 per cent
Due.
Public.
its traffic.
Rat,.
First Mort. Gold Bonds... $18,585,000 July 1,1947 4
Obligations of predecessor
p.
c
Amount
Due.
Jan. 1-Julyl 1643,400
companies assumed >
the Chicago Terminal
Transfer KK. Co.:
Purcnase money mortgage glveu to the Chicago SchoolBoard In the
i
>
purchase of the lana in
Chicago on which the
Grand Central Passenger Station was subseS50.000
May
391.000
June 1,1836 5p.c. June 1-Dec.
Annual inter
Keiualnder of bond Issue
on Chicago & Great
$14,629,000
1.
1938
jp.C May 1-Not.I
1
38.500
19.700
$595,600
THB CHRONICLE.
740
The Company can. under (ho terms of the Mortgage, call
for additional First Mortgage 4 per cent Bonds to realize the
sum of §816,180 78 to reimburse the Treasury for Capital
Expenditures made from current resources during the past
three years.
MoKTOAGB .V-YKAR 4 I'KK.CKNT <i()l.l) BONDS.
The Chicago Terminal Transfer Railroad Company ex
eouted, undtr date of, June 11. 1897, a single mortgage to
the United States Trust Company and .John A. Stewart, of
Now York, as Trustees, covering its ntiro real estate, equip
ment and other property now owned, and also all other
property which may be subsequently acquired by the use of
any of the bonds to be issued under this mortgage.
All the real estate and nearly all of the property upon
which the lines of railway have been built are owned in
KlKHT
<
fee.
The total issue of
$16,500,000.
bonds under this mortgage
is
limited to
The following amounts of bonds are reserved
Trustees, under the terms of the mortgage:
by the
To provide fop the retirement ol $1,014,000 of
assumed obligations above described by the use, to the
First.
To protect and develop the pn perl y under restrictions as set forth in the mortgage, and as may be
authorized by the Board of Directors
FINANCIAL CONDITION.
By reference t* the Balance Sheet, it will be seen that on
June 80th 190 the Company had the following current
,
Asset-:
Ouaband Quick Assets
Disputed Aownntu
$659,554 76
121.8-V2 15
J'r.nhuri Securities
16,15100
Total Cii»li and Kecelvable Aocounts
Material on Hand
$796,557 91
100,132 7
..
Total
$396,690 62
To this should be added the amount
expended during the past three years
for Capital purposes for which the
Treasury
is entitled by the terms of
the First Mortgage to Reimbursement
by the Trustees in First Mortgage
bonds, viz.:
Expended In 1899
$91.70167
Kxpendod In 1900
428.651 01
Expended in 1901
390,828 05
H
Total Expenditures for Capital purposes $911, 1;0 73
$1,305,000
extent necessary, of
LVol. LXXIli.
Deduct bunds received from Trustees on
account
295,000 00
Second.
Total amount reserved
Bonds now outstanding and
Exchange
1,610,000
$2,915,000
listed
on the
New York
Stock
...
13,586,000
$16,500,000
Total Authorized issue
CAPITAL ASSETS.
The cost of the estate of the Company has been increased
during the year by the following charges for additions to
the property
New
Equipment.
Balance due Treasury by Trustees
616,18073
Total Current Resources
On
$1,512,871 35
the same date the
unfunded
Liabilities shown in detail on the balance sheet were as follows:
Current
Liabilities, includlug interest
taxes, both due and accrued
Contingent Liabilities, Special Funds
and
$606,563 98
and
appropriations
222,530 57
829,094 55
Surplus of current resources over all current
matured, aoorued and contingent
liabilities,
$683,776 80
This represents the working capital
of the Company, and is made up as
6 Freight Locomotives
$96,127 85
Credit by Air-Brake Equipment sold.$l, 643 38
190 71
Care destroyed
1,834 09
follows:
$94,293 76
Buildings.
Working Capital upon acquisition
property July 1st, 1»97
Net Surplus Iwome:
Fiscal year 18*8
and Warehouses :
New General Freight House for Chicago Great
Western Ry. Co. at Chicago, upon the cost of
Stations
"
"
"
which that Company pays interest under the
lease at the rate of t< per cent (under con73,674 60
Freight House and team tracks at
16,905 13
Ogden Avenue (completed)
Sundry other stations built or enlarged
6,68 1 91
of the
$371,767 08
$101,599 92
106,960 53
92,027 41
11,42186
1899
1900
1901
struction)
312,009 72
New Union
Net working capital June 30th, 1901.
Reference to the Balance Sheet will show that the sum of
$121,852 15 has been transferred from Current to Contingent
Assets. This amount is principally represented by an unpaid balance of an unadjusted account for proportion of
New
East Chicago coal
station,
Coaling Stations.
water tank and cin6,639 33
7,665 39
der pit
Blue Island coal station
Robey
St. eoal station
construction)
and cinder
pit (under
962 03
Interlocking Plants.
12th and Rockwell Sts. (under construction)
Rlverdale (completed)
Machinery
for East Chicago
.
Shops.
Shops
12,609 07
126,591 00
Extensions.
Chicago Heights:
Expended during the year on extension
to Chi-
cago Heights (nearly completed)
$13,942 33
Exterior Belt Line:
Extension from Franklin Park to May fair (under construction— not open for operation)... 56,574 49
New Line at Dolton
19,716 39
120,233 21
New Yards and
taxes and general expenses accumulated during the last five
years claimed as due from one of the principal tenants of
the Terminal property, under the terms of its lease. The
dispute is as to the interpretation of the lease and the Company feels confident that its position will be sustained by
continuance of present negotiations, by arbitration in accordance with the terms of the lease, or by friendly suit
and that the full amount claimed will be collected. Your
Board deemed it proper to draw attention to the matter in
this Report, and also, out of abundant caution, to set aside
a fund amounting to $132,822 83, accumulated as profits on
Treasury Securities sold, as a contingent reserve fund to
provide against any possible depreciation in the amount to
be realized from these accounts or similar accounts to be
rendered before the dispute is finally settled. This contingent reserve fund is shown on the Balance Sheet, and included in the foregoing statement as a contingent liability.
;
793 54
660 00
.
Side-Tracks.
Blue Island, new yard
$22,763 56
New Side, passing and team tracks at various
places
9,528 04
New tracks to Industries
8,39 6 69
EQUIPMENT.
Following
1901,
40,688 29
Scndrt Construction Items.
455 52
7,774 66
All other items
a statement of Equipment
fully
Locomotives— Passenger
(8
maintained
owned June
30,
:
notln servloe)
Freight
„
13
14
20
Switch
47
Passenger Cars— Coaohes,
37
7
flrst-olass
Coaches, combination
Coaohes, office Coach
9,021 79
45
$390,828 05
Total.
Freight Cars— Gondola
TREA9URY SECURITIES.
369
20
5
.
Box
of the current fiscal year, as shown by
the last annual report, there were on hand free Treasury
Securities as follows:
First Mortgage Bonds, par value
$185,000
351,00i»
Preferred Stock, 3,510 shares, par value
value
par
Common Stook, 108 shares,
10,%00
Caboose
At the beginning
$546,800
Total
Derrick
Tool Car.
1
-396
During the year the following changes occurred:
Purchased— 6 Freight Locomotives.
Sold— 1 Dummy Coaob.
Rebuilt -5 Second-class coaches converted
into gondolas.
1 Tool car converted into gondola.
Mortgage Bonds and Preferred Stock were sold
during the year and the proceeds added to the current re-
The
is
which has been
$791 61
Real Estate purchase
Sub-way crossing C. R. I. & ,P. at Blue Island
(construction commenced)
$88 3,776 60
First
1 Box oar converted into Tool Car.
3 Cabose Oars.
Destroyed—
sources of the Company, The surplus realized over the
TENANTS.
book value was placed to the credit of a "Contingent Rerailroad
principal
tenants
at this time leasing terminal
hereafter.
There
now
The
explained
remains
serve Fund" as
facilities and trackage of this Company are the following:
free in the Treasury:
Common
Par Value. Book Value.
$10,800
Stock, 108 shares
First Mortgage
Bonds received from Guaranty
TrustCo. under
St.
Louis Peoria
&
Baltimore
16,000
15,150 00
$26,800
$15,15100
& Ohio Railroad
Company.
lease with this Company is the same in terms as made
Ohio Railroad Comwith the Receivers of the Baltimore
pany. No fixed term is covered by said lease, it being subject to annulment by either party on short notice.
The
Northern
commuted rental agreement, 16 bonds
Total
$100
&
October
.">,
THE CHRONICLE
lyOl.]
Chicago Great Western Railway Company.
Chicago Hammond & Western Railway Company (Chioago
Junction Railway).
The lease arrangements with these Companies have remained unchanged, each being for a long period of years.
eT. LOUIB PEORIA & NORTHERN RAILWAY COMl'AN V.
The conditions with respect to the tenantcy of this Com
pany have undergone no change during the past year.
SciiUKiiAN Railroad Comiany (Chicago Consolidaii
i.
Tbaction
Co.).
This is a long-term lease, under which certain of the
traoks of this Company are operated by the tenant as an
electric car line.
741
le^ard to motive power and rolling stock. The increased
cost of material and lahor has ;il <, made Itself apparent in
As already
the cost of operation during the past year.
Doted, however, a decided increase lias been made in mot
power, together with facilities, such as additional aid"
traoks, etc., for the accommodation of the increasing traffic,
and these features are now exercising a satisfactory
.nee, enabling the
ompanrto
tafia
greater Det earnings
from traffic than was possible before such addition-! could
be created; hence, in the belief that the traffic branch of
the Company's business will continue at its present level at
least, it is not unreasonable to anticipate an increase in the
net earnings of the Company for the coming year, aa com
tared with the year to which this report refers.
To the heads of departments credit should be given for
the painstaking discharge of their duties.
The accompanying report of the Comptroller sets forth in
detail the financial position of the Company.
By order of the Board of Directors.
<
dertri
I
CONCLUSION.
development of the
traffic interests "f the
The policy of
Company, as outlined, has been reasonably successful. A
marked increase will be noted in the volume of gross earnThe necessities, however, arising
ings, other than rentals.
from increased traffic have been such as to cause large
expenditures for maintenance, renewals, etc., especially in
X.
I.
FAITHORN,
tr evident.
CHICAGO TKRMINAL TRANSFER RAILROAD COMPANY-INCOME ACCOUNT FOR THE FISCAL YEAR ENDING JUNE
Dr.
Or.
Bv Gross Eabmnus
F'om Rentals and Trackage —
To Operating Expenses:
30, 1901.
:
Way and Structures
Maintenance of Equipment
Conducting Transportation
General Expenses
Mmiit. uance of
$97,016 48
1*27,429 16
Railroad Tenants
$559,610 88
Other Tenants and Miscellaneous Income 99,5:8 99
432,657 2a
81,675 13
$738,778 00
1:8,889 75
Taxes
$65>,169 -7
From Traffic—
Frelghtand Switching
Passenger
$701,451 92
70,347 82
$827,667 75
Interest on Mortgage Debt:
First Mortgage Bonds—
$13,400.' 00. « months, 496
«sqa 7nnnn
jWW.WJU
i
$l3,f>»5,000.6niontbB,4%
Chicago & Great Western Bonds—
»394.i 00, 1 year. b%
City of Chioago School Board
$650,000,1 year, oft
Balance
771,799 74
19,700 00
Mortgage—
32,500 00
591,800 00
11,421 86
I
SI. 430.989 61
By Balance
to oredit of Profit
and
$1,430,939 61
Lose, as
shown by the Balance Sheet
$11,421 86
Certified as Correct,
J.
H. McClement, Comptroller.
CHICAGO TERMINAL TRANSFER RAILROAD COMPANY— BALANCE SHEET JULY
Capital Stock:
Common
Estates of Chioago
St Northern Paoilic
and Chioago & Calumet Terminal
Railway Companies, and their
$13,000,000 00
17,000,000 00
Preferred
Funded Debt:
several constituent companies, acquired Jnly 1.U97
$43,672.232 92
Charges for additions to the propertyFiscal year ending Jane
First
Mortgage Bonds
Chioago & Great Western Bonds
City of Chicago School Board Mort..
$290,000C0
Fiscal year ending
91,70167
Fiscal year ending
CURRENT AND CONTINGENT LIABILITIES.
June
Current
Liabilities:
Vouchers and Pay Rolls
Interest on Funded Debt matured and
428,65101
80,1900
Fiscal year ending
30, 1901
. .
June
390,828 05
accrued
Total Capital Assets, $44,873,413 65
CURRENT AND CONTINGENT
ASSETS.
Special FundsLiquidation Fund
Reserve to provide against contingent liabilities, and also for
possible depreciation in collectible accounts assumed on purchase of the estate.
$126,940 05
Trust
274,255 00
$401,195 05
198,928 59
64,431 12
TrustFund
Prepaid rentals aooount St. Louis
Peoria & Northern Railway Company. (See contra.)
$659,554 76
Treasury Securities— (Market Value,
June 30, 1901, $18,032 OO
Materials on hand
Total Current Liabilities,
$606,563 98
Contingent Liabilities,
Cash asd Accookts Receivable:
Cash In Banks—
Accounts Receivable (current).
Agents and Conductors
$254,025 71
2K1.813 32
71,224 95
Taxes acorued
1,201,180 73
Current Balances
Deposited with Mercantile
Company to meet coupons.
13,585,000 00
394,000 00
65 0,000 00
Total Capital Liabilities, $44,629,000 00
June
30,1899
1901.
CAPITAL LIABILITIES.
CAPITAL ASSETS.
Property and Franchises:
30,1898
1.
Renewal Fund
Reserved to provide for renewal of
15,151 00
100,132 71
Dr inage Canal.
Contingent Reserve Fui d
A contingent fund appropriated out
of profits, to provide against any
possible depredation In collectible
63,591 84
218,233 75
26,116 40
bridge across
132,822 83
or disputed accounts.
Total Current Assets,
$774,838 47
Total Current and Contingent Liabilities.
Contingent Assets:
Trust Fund, deposited with Guaranty
Trust Company of New York (See
Contra)
(Invested In 237.0C0 First Mort-
gage Bonds C. T. T. RR Co. ®
92 08).
Accounts Receivable (Disputed)
Accounts against tenants in pro-
1.047.328 30
SURPLUH REVENUE.
Profit and Loss:
Excess of Net Earnings over expenses,
Interest and all other oharges—
Fisoalyear ending June 80, 1893
Fiscal year ending June 30, 189*.
Fiscal year ending June 30, 1' 00
Fiscal year ending June 30, 1901.
$218,233 75
121,852 15
$101,5911 92
106,960 f>3
92,027 41
11,421 86
cess of adjustment.
Total Current and Contingent Assets,
1,114,924 37
312,009 72
Total, $45,988,338 02
Total, $45,988,388 02
Certified as correct,
J.
11.
McClemknt, Comptroller.
THE CHRONICLE.
742
COTTON.
©xrmmeraal %imzz.
2£ixe
Friday Night, October
COMMERCIAL EPITOME.
Oct. 4, 1901.
Satisfactory business conditions has been the report from
In some lines manufacturers have not been
booking new orders as freely as earlier in the season. Jobbers have largely contracted for their wants for the present;
but while they have not been new buyers of importance,
they have been, as a rule, active in their calls for deliveries
of goods. The distribution to the consuming trade has been
free, influenced to some extent by oontinued seasonable
weather. In the wholesale grocery trade a sensational cut
was made by the American Sugar Refining Co. in the price
of sugar to Far- Western points, understood to be a blow at
growing competition of the domestio beet- sugar refining industry. Cotton values have advanced sharply on an un-
most markets.
favorable Bureau report.
from the South to-night, le given below, For the week ending
evening the total receipts have reaohed 219,717 bales,
this
against 140,020 bales last week and 111,823 bales the previous
week, making the total receipts slnoe the 1st of Sept., 1901,
587,520 bales, against 880,284 bales for the same period of
1900, showing a decrease slnoe Sect 1 1901 of 293,759 bales.
Stock* of MerekandUe.
Port
Lard
1901.
bbls
tos.
Tobacco, domestic
hhds.
Ooffee, Braxll
Coffee, other
Ooffee, Java, Ao
bags.
bags.
mate.
Sugar
Sugar
hhds
1901.
1900.
bbls
291,690
None.
40,500
74,653
34,974
bbls,
1,461
1,730
bbls.
..............bags
692
734
2,400
2,000
None.
2.300
None.
3,100
2,100
hhds,
No
bales.
Sloe, K. I_..
Hloe, domestic
bbls
bags.
bags.
Linseed
Saltpetre
lute butts
Manila hemp....
Floor
Oct. 1,
6,725
11,094
3,813
5,036
5,874
3,340
1,131,732
256,187
130,136
2,400
bags, Ac.
hemp
Sept. 1,
979,184
259,238
121,834
3,045
276,365
None.
60,000
114,495
16,663
Molasses
Hides
Ootton
Boeln
Strtts turpentine
Sisal
1,
bales.
.........bales.
bales
bbls. and sacks
6,427
7.556
14,248
374,319
121,207
172.415
None.
None.
None.
24,600
22,077
33,372
240
354
13,700
10,300
None.
7,250
None.
783
3,000
None.
10,943
8,468
318
552
78,300
67.500
92,700
Lard on the spot has had only a limited
100
15,609
sale, neither re-
nor exporters being extensive buyers and prices have
weakened slightly, although at the close the tone was
steadier; final prices were 10*35c. for prime Western and
9*80c @10c. for prime City. Refined lard has been quiet, but
the close was steady at 10 "50c. for refined for the Continent.
Speculation in lard for future delivery has been fairly active.
There has been selling to realize profits, but^the small receipts
of swine have held prices fairly steady.
DAILY 0LO8IWG PRICES OF LARD FUTURES.
finers
8at.
September
October
Mon.
Tuc$.
Wed. Tkur*.
Fri.
1045 10-35
at—
Receipt*
10*25
10*25
1035
The demand for pork has continued limited, but prices
have not changed from $16@16 50 for mess. Cut meats have
held steady. Tallow has had only a limited sale, but the
price has been fairly well maintained at 6c. Cotton-seed oil
has been firm but quiet at about 43c. for prime yellow.
Butter has been quiet but steady. Cheese has been quiet.
Fresh eggs have weakened slightly. The close was steady.
Brizil grades of coffee have been easier. The movement of
the Brazil crop has been unprecedentedly large. The distributing business has been fairly active, but the demand has
been freely met and prices have weakened slightly under
the weakness of the statistical position. The close was quiet
at 5V& @h%c. for Rio No. 7. West India growths have had a
moderate sale at fairly steady prices. East India growths
have been steady. Speculation in the market for contracts
has been moderately active. The continued heavy crop
movement and the large supplies in sight have made bear
operators more aggressive, and under their freer offerings
prices have sagged. To-day there was a slight weakening in
prices. Following are the closing asked prices:
4*950.
4*95o.
5*05o.
Oct
Nov
Deo
Uan
March
I
May
5-150.
5*35o.
5*50o.
July
5*65o.
Aug
5*70o
Sept
5*75e.
Raw
sugars have received slightly more attention from re
finers, closing firm at 3%c. for centrifugals 96-deg. test, and
3 516c. for muscovado, 89-deg, test. Refined sugar has been
quiet and easier, closing at 5*10c. for granulated. Teas have
been
in fair
demand and
lagged, but prices have been well maintained.
Sales for the
week were unimportant.
Business in the market for] Straits'tin has continued to
drag and under weaker foreign advices prices have deolined,
Ingot copper has sold slowly, but
closing flat at 24@24 25c.
prices have not changed fromjl6^@17c. for Lake. Lead ha9
been quiet and unchanged at 4 '87>£e. Spelter has advanced
on rumors of large purchases, closing at 4 15@4*20c. Pig
iron has held steady at $13@15 50.
Refined petroleum has been firmer, closing steady at 7 65c.
in bbls., 8'75c. in cases and 5'10c. in bulk. Naphtha has been
unchanged at 9*05c. Credit balances have been advanced to
$1 30. Spirits turpentine has held steady, closing at 363^@
37c.
Rosins have advanced slightly to $1 42% for common
and good strained. Wool has been firm but quiet. Hops
have been quiet but steady.
,
Wed.
Tuet.
Tkur*.
Wrt.
Tola i
8,958
71.445
411
866
Charleston.....
Pt. Royal, Ac.
n
1,169
Waah'ton.Ao.
400
Norfolk
709
61.667
5,898
431
38,594
9,711
7,898
8,436
1,282
7,447
6,704
7,321
1,294
8,919
6,862
4,337
5,390
2,387
1,069
626
2,024
1,519
1,897
8
1,109
4,983
2,483
2,728
3,513
873
4
3,020
15,773
13
7,146
103
279
59
8
150
467
350
67
467
685
313
181
250
6,932
298
6,396 10,950
252
1,257
6,560 21,868
946 1,443
Brunsw'k.Ao.
N'p't
,
9,410 10,069 21,102 10,292 11,614
Sab. Pass, Ac.
New Orleans...
Mobile
Pensaoola, Ao.
News, Ac-
956
1,788
176
New York
Boston
Saltlmore
Phlladera, Ac.
......
124
90
21
week 26,407 52,553 44,703 32,043 31.553 31.659 319.717
Tot. this
The following shows the week's total r eoelpts, t he total since
Sept. 1, 1901, and the stock to-night, compared with last year.
1901.
Receipt* to
TAi$
week.
Oct. 4.
1900.
Since 8ep.
1, 1901.
aalveston...
71,445
8ab.P.,Ao.
709
Sew Orleans 61.667
Mobile
5,393
Tkil
week.
224,669
47,895
1,839
498
Stock.
Mince Sep.
1901.
1,1900.
80,654
7,445
33,180
11,457
20,470
21,506
33,116
6,000
465,598
......
115
605
1,889
476
350
3,899
1,060
1,485
7,340
5
79,921
4,000
1,430
2,330
587,525 309.879
880.284
333.902
903
832
467
635
1,769
219,717
34,141
2,704
6.599
26,318
29
24,209
67
.
169,842
11,709
-••»
-•
•••••
>•• •--
3,502
Phlladel.Ae.
72,467
10.924
......
New York...
Boston......
90,844
28,302
17
23,476
628
1000.
100,584
96,259
2,417
302,374
24,649
2,303
224,128
8,498
56,358
10
88,295
118
67,821
147,582 121,992
14,162 11,408
2.642
668
107,971 56,984
13,124
1,521
17,107 15,532
P'eacola.Ao.
431
Savannah... 38,594
Br'wlok.Ao
9,711
Oharleston..
7,398
P.Royal.Ao.
......
Wilmington 15,773
SVash'n, Ao.
12
7,146
Norfolk
279
N'portN.,Ae
1,832
1,500
In order that comparison may be made with other years,
vegive below the totals at leading ports for six seasons.
at—
Receipt*
ialves'n.Ao.
72,154
61,657
5,393
38.694
7,398
15,785
7,146
279
11,311
Mobile
Savannah...
Obas'ton,
Ao
Wllm'ton,Ao
Norfolk
News, Ao.
N.
Ill others...
rot. this
1900.
1901.
New Orleans
wk. 219,717
Mnoe Sept.
l
587,525
1899.
1897.
1898.
1896.
48,393
121,992
11,408
56,984
15,532
26,347
24,209
115
4,899
108,281
68.936
5,171
53,470
9,835
14.920
13,206
336
308
697
14.918
23,225
19,029
72,806
118,153
12,628
41,408
22,659
18,525
37,106
973
14,972
309,879
284,073
846,231
293,004
331,230
91,109
51,374
7,858
51,419
21,867
18,723
27,923
110,3 39
73,467
11,769
56,308
27,694
21,919
21,152
880.284 1024.373 1044.015 1115,663 1338.050
The exports
for the weekending this evening reach a total
175,703 bales, of whioh 58,883 were to Great Britain, 10,925
so France and 105,890 to the rest of the Continent,
Below
ire the exports for the week and sinoe Sept. 1, 1901.
}f
W»$k incline
0r*at
**
Brit'n.
ialveiton
87.331
CD
4»b. Pasi, *o..
law
Oct.
4,
1901.
Orleans..
12,054
—
4,401
1901, to Oct. 4, 1901
Oonti- lotal
Orae-f
7ren.ee
n«nt. Wiek. Britain.
64,696
15,527
..•••
62,518
86,642
48,696
29,961
86,282
••••••
Continent.
Mew York
8,95?
8.702
35,282
8.10S
......
.•••••
10,686
10,586
37,296
44.473
146.465
6,186
62,00)
98,149
49.366
8,702
1,907
49,366
9,244
16.458
16,458
6.542
,
1,265
.•••
......
......
8,275
7,497
500
89.016
6,269
401
2.046
1,883
......
••••••
675
575
600
1,645
hiladeiphla.
tan Fran., Ao..
lete.
••••••
496
496
f
Total. 1P01
1,
1,907
Charleston....
Port Royal
rVilminuton...
Norfolk.
port N„ to..
•
S«»f.
HxvorltA to-
Mobile
Pensaoola
Jarannah
Srunswiok
From
Bxvoriea to—
BxporU
from—
firm.
Kentucky tobacco has been in moderate demand and has
sold at firm prices. The demand for seed leaf tobacco has
M on.
Mat.
ialveston......
Baltimore
10*35
,
,
.
Wilmington...
Oct.
4, 1901.
The Movement or the Crop, as lndioated by our telegrams
Friday Night,
t
|Vol. LXXIII.
2,583
33.28S
176
74.887
4,674
6,448
6,656
2.412
2,412
..•••
63.888
10,925 105,890 175,703
148,769
48,070 ~i~l6.543
411.386
•JBOFii
2C.S**-'
2W1S9
196.632
50.fi?8
216 846
168.600
128.74*
OCTOBKK
THE CHRONICLE.
1901.
3,
743
Futures.— Highest, lowest and dosing prices at New York
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
oleared, at the ports named.
Mew York, whlon are prepared for our speoial use by Messrs.
Lambert ft Barrows. Produne Exchange Building.
We
OH SHIPBOARD, MOT 0L»1III) FOB—
Oct.
4 at—
Other OoastGreat
Britain fr'nee many. Por'gn
Lt irtng
$totk.
Total.
ss
I
New
5,960
8,394 17,225 23.601
1,500 2,000 24,000
Orleans
Galveston
7,52'J
Savannah
Charleston
Mobile
41.661
65,830
31.5O0
4,000
5,064 _ :i,109
,
1.822
l.OOO
1,500
4.888
1.050
4,000
3.050
13,000
30,416 25.191 53.585 33.547
7,622 152.341
181,561
. .
3",300
New York
i.obo
8,000
Other porta
Total 1901..
1,000
13.392 184,158
15,388 189.162
39,501
84,376
Total 1900.. 111,650 19,615
Total 1899.. 68.039 23,359
;{,:soo
m
UPLANDS.
8at.
Good Ordinary
Low
73 ia
713 16
Middling
I
GULF.
Middling
Middling....
Middling Fair
STAINED.
Sat.
Low
Middling.
Middling
Strlot Low Middling Tinged.
Good Middling Tinged
93 16
7>e
8 16
8H>
:i
611 16
3
16
Zi
83 16
7>4
71»
8 3 1«
Frl.
7»8
733
7^
79 16
8
8
8ifl
8 7 16
8*4
93 16
8-'l6
8 7 16
8<>16
8*
» 3 16
6U l8
6iiie
7Hl8 '"16 7^16
8
Tk. Frl
Toea Wed Tk.
Hon Taei Wed
7%
7
7
81 ''16
738
8
63i
,
813 ie
Ittoii
7'16
8*18
8»«
813 16
9>4
Low Middling
7%
8*16
734
83l6
81 16
Sat.
Good Ordinary. ...
7^
8^
9
Middling Fair.
Wed
7>e
7%
8H
Middling.
Good Middling.
Good
RIon Tnei
7i 3 io
° 3 16
fe3 16
8 78
« 3 16
» 15 16
9*8
Tb. Frl
613 18
7l8 ie
71"ie
83l6
7*8
8
838
The quotations for middling upland at New York on
Oct. 4 for eaoh of the past 82 years have been as follows.
1877....0.1l3, e
1901. ...0. 83s
1893. ...0. 8I4
1885....0.10lie
1900
10 78
1892
10*8
10l5i 6
7 78
1884
1876
13i«
1899
1891
1875
74
1883
10^
8»a
1538
1898
1890
11»4
1874
1882
53a
103a
7
1897
1889
64
10*
1881
1873
183e
11 8
1896
1888.
11*8
194
1880
1872
83a
ll^ia
97 19 11879
1895
1887
204
94
1871
103a
1894
1886
1870
164
64
94
1878
lO^
1
i
i
MARKET AND
SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Sales or Spot A Comtbaot.
Spot Maekit FUTUKES
Market
Closed.
ConConClosed.
port.
tump.
Total.
tract.
"
'
Saturday
Qnlot
..
Monday
B'rly steady.
B'rly steady.
Q a let
Tuesday... pull
steady
Wednesday Quiet <fc steady. Steady
Thursday., steady at 4 ad.. Steady
Friday
Quiet at 4a adv. Steady
Total
I
_„
L-.
a
1,232
1,232
35
700
632
60
35
i'0'6
1,984
800
735
732
50
35
2,784
a
1
a
I
I
I
sec
I
I
I
ss
s
-is
CCCO
ft
ss
e>to
I
I
•a si
I
o>a
I
I
a
1
I
I
•
I
I
I
a
ss
«s
coa>
a
1
'
6>
a
1
ss
oo
-1
1
I
I
I
I
•
I
I
«io>
9
I
a
I
I
I
SISI
-i-a
»<-
I
o
I
ft
I
I
I
I
C005
I
OS 00
I
ft
I
ft
I
a
la
«*«»
OJ~l
~JtO
C.
J
««a
<ISI
-JO)
~1<I
-ic.
SISJ
SISI
CO)
10
aca
id
I
I
I
I
I
I
I
ft
I
SI«J
loco
Si SI
S-SI
SISI
s-i
000
c«»
I
I
I
ai*.
SISI
ss
CO 00
«o 05
05 00
I
ft
I
ao
1
a
ft
I
-
'.
I
I
6.
9
ft
j-
aw
1
ft
oov
«a-i
«a^i
r- tv
I
ft
SISI
SIS
aa>
3.
ss
COS
ss
I
a
»05
1
a
1
a
-a«i
/
SSI
©05
I
ft
a
1
-a
»j«a
05 05
00 05
S05
-•
a
-a<>
«a-j
km
22
SOS
I
ft
19
2*?
ss
SO
CCO t005
COS
to©
CC05
ft
ft
I
OOOO
OCOD
CDS
so ss
SCO
coo
coo
©•-©
o©
mo o©
00 d©
CO to
com
cod
tato
©CO
<c©
I
I
1
'
1
'
I
ft
-I
1
1
'
'
I
I
I
ft
I
I
I
I
I
ft
I
I
*i
>->-
Ift
19
Ift
Ift
Ift
i9
i9
ift
0000
opoo
coop
0000
0000
©>-•
tOtO
0000
©•-•
SCO
SOD
©!
©d om
MM ©CO
(OQD
©O o&
I
I
tcco
sop
I
la
so ss
ocs
0000
I
»-cD
ss ss
so
CCS
I
I
1
SCO
<c©
©to
0©
©M
«
u to a co
SCO
too
©to
SS
I
I
~j-»
OKI
SISI
OiCC
<i«a
SOD
co©
00
00 ©6
©O
I
aa
T. CO
sl
-j-i
-a«i
-J
to
a
-g-j
a
0-3
1
a
S~J
ssi
o~i
«j<i
SISI
(*05
a
SS
oo»
1
coco
CCCO
ss
-jsi
o-q
s-i
a
1
tcco
»j«a
«asi
^1
SS SS
-as
a
w
-JCTj
ss
M©
ss ssi ss
aa aa o«o>
SOD
coo
00©
QOOD
SSI
1
a
I
I
SSI
OOD
a*-
«4«j
nod
cow
ft
SISI
a
en 05
CM
*.c»
a
05
a
«Oi
1
o«j
-is
oca
O -3
I
ss
WOi
•
1
s s
S
-a
S
*-
«j«J
s
a
1
ss s
I
261,440
510,262
Speculation in cotton for future delivery has been on a
more extensive scale, there being considerable activity to the
trading during the latter part of the week. During the first
half there was a comparatively small market and prices
yielded slightly. Despite the strength of the statistical position, European spinners were reported as slow in making
purchases; thus the speculative market felt the presture
of selling by exporters as a hedge againet purchases in the
South. Domestic spinners have been reported as fair buyers
in the Southern markets, but this demand alone bas not sufficed to absorb the increasing offerings with the freer movement of the crop. The weekly Bureau report was unfavorable, but as there was little or no speculative support, prices
made only a temporary rally. On Thursday, however, the
monthly report issued by the Agricultural Bureau, and which
made the average condition of the crop on Sept. 25th 61*4, a
decline of 10 points for the month, gave a decidedly different
complexion to the market. The report was much lees favorable than generally expected, and brought in free buying to
cover contracts, and also induced free buying for investment
account; prices advanced sharply. To-day there was a fairly
active and higher market early, reflecting decidedly stronger
foreign advices and buying to cover short eales. Later there
was a reaction under realizing sales. The close was steady
at unchanged prices to 3 points advance. Cotton on the spot
has been firmer, closing at 8 3 gC. for middling uplands.
The rates on and off middling, as established Nov. 21, 1900,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
o.
on Strict Good Mid. Tinged. o. s ie on
Middling Fair
Evcd
Hon Good Middling Tinged
i« ofl
triot Good Middling
%on Middling Tinged
5
GoodMlddllng
iaon Strict Low Middling Tinged H ofl
3 ie0 fl
triot Low Middling
Middling Stained
^ ofl
7 iftOfl Strict Low Mid. Stained... H*ofl
Low Middling
Strlot Good Ordinary
l^ofl
% off Low Middling Stained
Good Ordinary
.
Uieofl
On this basis the offioial prioes for a few of the grades for
the past week— Sept. 28 to Oct. 4— would be as follows.
-is
I
I
I
*-
30,806
44.754
2.611
2.699
10.924
4.040
76,871
8,926
2.500
I
dd
M© ©d
4-00
COCO
The Visible supply of Cotton to-night, as made up by
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
> t. 4), we add the item of exports from the United States,
Including in it the exports of Friday only.
.<
1900.
1899.
1898.
1901.
Stook at Liverpool
bales
220.000 171,680 716,000 568,000
Stock at London
14,000
4,000
7,000
8,000
.,
Total Great Britain stook. 227,000 1S5.680 719,000
672,000
Stook at Hamburg
27,000
17.000
..
18,000
15,000
Stook at Bremen
102,000
40,000
51,000
15,000
Stook at Amsterdam.... ......
2,000
1,000
Stock at Rotterdam
200
200
300
Stook at Antwerp
3,000
3,000
9,000
2,000
Stook at Havre
52,000
110,000
83,000
28,000
Stock at Marseilles
3.000
2,000
5,00*
4,000
Stook at Barcelona
34.000
23,000
65,000
31,000
Stook at Genoa
6.000
14,000
6,000
10,000
Stock at Trieste
3,000
17,000
20,000
10,000
Total Continental stocks
95,200
341,300
219,000
176,200
Total European stocks
403 200 280,SsO 1,000,300 791.000
India cotton afloat for Europe
29,000
16,000
57.000
10.000
Amer. ootton afloat for E'rope. 285,000 352.000 453.000 372,000
f
E«rpt. Brazll.&o. aflt.f or E pe
23.000
13,000
20.000
12.000
Stock in Alexandria,
Egypt...
41,000
56,000
41.000
57,000
'
Stook In Bombay India.'.'..... 250,000 220,000 300.000
255,000
Stock In United States ports.. 333,902 465.598
699,414 641.432
Stook In D. 8. Interior towns. . 264,230 222,393 445.710
314,209
United States exports to-day..
54,966
36,638
28,109
14,927
Total visible supply
1,643,309 1,678,980 3,103,390 2,496,279
Of the above, totals of American and other descriptions are as follows
.
,
_
American—
Liverpool stook
Continental stooks
153.000 114,570 662.000 495.000
74.000 285.000 162.000
126.000
Amerloan afloat for Europe.
2H5.000 352.000 453.000 372.000
Onlted States stook
333,902 465.598 699.414 641,432
United States Interior stocks. 264.280 222.393 445,710 314.^09
United States exports to-day.
28.109
54,966
36,638
14.927
Total Amerloan
1,177,109 1,256,670 2,600,090 2,021,279
San Indian, Bratil, <*c—
Liverpool stook
67.0O0
73.O00
54.000
57.110
4.0O0
Londonstock
14,000
3,000
7,000
5B.300
Continental stocks
57.000
21,200
50,200
India afloat for Europe
10.000
29,000
16,000
57,000
Egypt, Braill, Ac. afloat.
13,000
12,000
23.000
20,000
44.OO0
Block in Alexandria, Egypt...
57,000
41,000
56.000
Stook In Bombay, India
250,000 220,000 300.000 255.00
Total East India, Ao
466,200 422,310 603,300 475,000
Total Amerloan
1,177,109 1.256,670 2.600,090 2.021.279
Total Visible supply.
...1,643,809 1,678.980 3,103.390 8,496,279
3-i 3 ad.
Middling Upland, Liverpool..
3*td.
6 7 iad.
4341L
Middling Upland, New York..
7 5 ieO.
5 7 la o.
10 40.
83eo.
~
l:
Nom'l.
Egypt Good Brown, Liverpool
iu«l4'ltid.
6:<i 6 d.
Peruv. Rough Good, Liverpool
6 7d d.
013l«d.
Tjjed.
74ad.
4' ad.
Broaoh Fine, Liverpool
64d.
Id.
35,60.
...
3
2iJ la d.
3\d.
Tlnnevelly Good, LlverpooL .
4 »sd.
5 7ad.
Continental imports past week have been 28,000 bales.
The above figures indicate a decrease in 1001 of 35,671
bales as compared with same date of 1900, a loss of 1,460.081
bales from 1699 and a decline of 653,970 bales from 189b,
bales.
. .
.
jy
THK CHUONICLK.
744
AT THK 1NTKKIUK
l'()WN8 fDt> lUOVtJUieill- -LUttl
IB ItitJ
receipt*
week and alncr September 1, the shipments for the
week and the stc-'ks to-night, and the same items for the
for tbe
Quotations rOB Midduno Cotton at Otiiik Maukets.—
Below an; closing quotations of middling cotton at Southern
and other principal ootton markets for each dav of the week.
oorresponding period of 1900 —is set ont in detail below.
Week ending
Oct. 4
Galveston...
New Orleans
Mobile
..
.
.
Augusta
Memphis
St Louis
—
co
t9 tojo
1<:
_«j
-
Hon -q o"ta w
—
v) tc v> >-
o>
Houston
©cnT-'"*cc»o
W V k te'o
to©"m'xVm *k j
o
- to *- x
jooiiidmioos"3ii; -e>- v|i;
oj x to "- ?.
a
WNj.^»«)*aioa^oi^oootvioBCxa*t:: i:c*-i»iite
u'-
"to
Cincinnati
"
•
,«>.
•
if-
Louisville
CO
N" 1
W
mco
I-1
mo a -i > * « a
•3
-
**
.f|
i
tsy^p<t<j"atc^-yp^
H-"roi!e a'©"— tone
to*-i -jVesVo'o"/ ^im**-jw" bo to —
n^^i-ooiocco'xwvicxo^-C — TxuMicco
m « as — ao
ao e»
h_-
-j eo to
8
..
.
.
)..
7' r'i«
1%t
715, fl
71&i 6
8
8
77„
8H
84
8 16
83
:i
i»—H
«
»0
M CO
0>Ol^— * OS— to* pi CC Ol *>__— 05 — CC W if Oi ft 10 - w ©
Wi35-i—"ci:cSif»'X)
#kefc
t*«"-j".5
«bi05* ©i- ^
WjlWw
—
Oi!C©C3<0©05l0^3^tSOrOiXO:tO C 00 to
O
(-•
-
?s
(>
'
iew.»;it».oa<3ii-»Wi*.eo^l<»«.t063K*»-c*<i
OO-i
—
i—
ta»:"Xi-u tOViCCOO-JOUCCO-S*©
oomhm to
co — ^m
o<
"«ow*-o«dVi Vi'o o;
V. too oct^x- V>- jc to -c co
^i^..- bo •''xe-.
ojim-ji^hjow-- -ccarfk.. ©;ctON<as~)-J~imo*«»-©ao c
to.--
'
*»•
if-
1
RWOOojuCi^Jcei^xoc*.— w<o«»q^.oi|t-©oi>-©ooo«cftcc«*on
»S
*" w
i
i"S~
19
to
-4
-4CO—
CO
>&
© CO K)
_tr> kOJJ Cljf.
<j
:t- atTio
If*
—
V -J >0
•*•
<!_>< 03
to
* 00 tc »- -"
l*k©0.
•"-
>- CO
OtfOCCCCCCUiXtW
'-ixW-ioo — » xcoVotiOi-j'c w"»cc"- OOOi©
t;>to*-<l©»jio;*c:i*>- — o*.©coo;if-ccoi^oo^-i;oowo5^i — =r « x
slVco'-i
•
—
oxooioi<c*.>
i-
CO*-1
»-
1
H "• c- to_* t: co — o« to <i
M OD CO tOw'co K,"co*- CfcTc © -J K>
©oreftOxifi^coif. KOacto^
v M fo © ^ co a. ao — — to co x
VC
iocoo!©-
«0u3'
ooeo:
— 60<j»* m ivcntoan;
com ©oc © *. *- ooif
H
tS
O»^lB0/>."^i
Ot>- '^j©>-''^0|^to'Mi
Ol Cn OD nn a- CC
if- t»
©
.
,
©
"t»
-i
ij>
•
tf>-
i*>-
8-s-a
if-
•-•
MIO
M
H
H
*" M ttoo^o. «—p
.'-'W'p^lO'f ® — w ° .r^
,
be® ©If a Oolf^V — o;"rCCB©'toOif.©<ltoiF>-<
OS 05 o> CO -o 00 *• CO00©» Vi " tocotosi tow CD©
l*
,
I
o i
~ © s
™ 2,
S
— »C»HOat5X if.tcOQKiOOPtCO'tOaOOO-l
The aouvo ^otaio auov cuai cne interior atocRe nave increased dnring the week 52,924 bales, and are to-night 41,887
bales more than at same period last year. The receipts at ai'
towns have been 34,211 bales leas than same week last year.
Ovebland Movement fob the Week and Since Sept. 1.—
We give below a statement showing the overland movement
for the week and since Sept. 1, as made ap from telegraphic
tOQl© 10 © © C> tOO
!
:
i
reports Friday night.
The results for the week ending
Oct. 4 *nd since Sept. 1 in the last two years are as follows.
Wer.K
SXHCt
sept.
Vet*.
l.
Sxyxct
Sept.
1
fMpped—
Via St. U>nlB..—„ ..
Via Cairo
Via Padaoab
Via Book Ieland
Via Louisville.... ...
Via Cincinnati
Via other routes, <ko.
15.276
1,855
Total gross overland.
Deduct eMpmentt—
Overland to N. T., Boston, Ac.
Between interior towns
Inland, Ac, from South
30,117
5.934
Total to be dedneted
._
15.084
6,042
31,655
11,646
462
462
1,600
2,089
1.097
4,000
3.4H0
1,038
4,145
""'50
"250
692
525
3,21i-
2,418
1.520
8,083
21.616
48.322
27.171
£6,426
1.169
1,764
7.006
1,150
5,339
2,715
3.B23
1,917
6,444
6,213
5,318
8,953
13.495
8,255
17,975
1,0 Hi
797
17.663
Leaving total netoverland*
34,827 18.916
39,451
movement by rail to Canada.
The foregoing shows the week's net overland movement
this year has been 17,663 bales, against 18,* 16 bales for the
week tn 1900, and that for the season to date the aggregate net
overland exhibits a decrease fr jm a year ago of 3,724 bales
*
Including
"?\
In Bight and 8pinner$'
Taktngt.
Week.
Beoelpts at porta to Oot. 4
Net overland to Oct. 4.
Southern consumption to Oct. 4
.
interior stooks in ezoess
Sine*
Sept.
4..
1.
270,380
52,924
783.352 357,79? 1,063,735
134.975 52,131 177.766
42,482
880 284
38 451
145,000
409,926
918,827
1,241,501
107,523 39,098
79.622
into sight in previous years.
ti-ie Sept. 1
1.452,411
Week.
1899
1898
J897
"96
Sept.
587,525 309,879
34,827 18,916
161,000 29.000
into sight during week. 323,304
Total In sight Oct. 4
Movement
Sxnct
219.717
17,663
33.OO0
Came
•North'n spinners ta*'gs 50 Oct.
Week.
1.
bales. 397,848
„
468.041
884,720
432,710
1899
1898
1897
1896
bales.
^-
7",-.
8
8
8
b
B
7 '8
83,6
8- ! io
P»w
8'ifl
7\
77
8
7 7»
:i5 Hi
8V
84
83 l6
87,7Aia.f3 ie
7'8
7'«
7ir,
16
shi
84
7>
T", a
V
84
» 3 ie
8«m
«<*
b !, ie
88b
84
8
71»
7' B
M
7 15 ,«
8
7 lr',6
*< l
84
84
84
84
16
,
|
telegraph from the Sou' h this evening indicate that in the
Atlantic and Eastern Gulf States rain has fallen daring the
week, and that at a few points the rainfall has been rather
heavy.
In other sections, however, dry weather has been
quite general. Except where interfered with by rain, picking has apparently made rapid progress. The temperature
has been lower with light frost reported in a few districts,
but without damage. From a few sections in the Carolinas
reports are to tbe effect that rain has caused some improvement in cotton, but advices from Alabama continne to state
that the yield is disappointing.
Galveston, Texas. Dry weather has prevailed all the week.
The thermometer has averaged 72, ranging from 49 to 86
Abilene, Texas,— We have had no rain during the week.
The thermometer has ranged from 60 to 88, averaging 74.
Brenham, lexas —It has been dry all the week. Average
thermometer 74, highest 94 and lowest 61.
Corpus Christi, Ttxas.—We have bad no rain the past
week. The thermometer has averaged 80, the highest being
90 and the lowest 70.
Dallas, Ttxas. The weather has been dry all the week.
—
Tbe thermometer has averaged
74.
raDging from 57 to
^0,
— We have had no rain during the week.
Tbe thermometer has ranged from 61 to 94, averaging 77.
Huntsvdle, Texas — There has been no rain during the
week. Average thermometer 76, highest 92, lowest 59.
Lampasas, Texas. —There has been no rain during the
Henrietta, Texas.
week. The thermometer has averaged 76, the highest being
96 and the lowest 56.
Paris, Texas.
It has been dry all the week.
Average
thermometer 75, highest 93, lowest 56.
San Antonio, Texas. There has been no rain during the
week. The thermometer has averaged 77, the highest being
94 and the lowest 60.
Longview, Texas.— Dry weather has prevailed all the week.
Tbe thermometer has averaged 74, ranging from 57 to 91.
Palestine, Texas.
have had no rain the past week.
Th« thermometer has ranged from 56 to 90, averaging 73.
New Orleans, Louisiana.— "We have had rain on two days
during the week, the precipitation reaching ninety- one hundredths of an inch. The thermometer has averaged 75
Shreveport, Louisiana. There has been no rain during the
week. The thermometer ranged from 58 to 93, averaging 75.
Columbus, Mississippi. There has been no rain during the
week. Average thermometer 68, highest 90, lowest 46.
Leland, Mississippi.—There has been no rain during the
week. The heavy rains of two weeks ago and cool weather
have damaged cotton about 30 per cent.
Vicksburg, Mississippi.—The weather has been favorable
for picking.
It has been dry all the week. The thermometer
has averaged 72, the highest being 87 and the lowest 52.
—
—We
—
—
Little Mock,
Arkansas.—The weather
No
l,45i;507
1,499,309
1,794,576
is
now
chilly,
with
rain has fallen during the week.
Crop is maturing and picking progresses rapidly. Average
thermometer 70, highest 86, lowest 54.
Helena, Arkansas. There has been no rain since September
The weather is splendid for picking. The first or bottom
17.
crop is good as to number of bolls, but the bolls are very
inferior, are about all open and mostly picked.
There is
but little middle crop, and tne top crop is not maturing
well. Many farmers think that the crop will be much below
The thermometer has averaged 74, the highest
last year's.
being 84 and the lowest 60.
Memphis, Tennessee. Rain has fallen on one day of the
past week, the rain tail being one hundredth of an mch.
Ideal picking weather the past two weeks. The thermometer
has averaged 703, ranging from 51 to 85'6.
Mobile, Alabama.— Heavy rains in the interior the middle
Light frosts reported at some points this
of the week.
morning. Crop accounts are unfavorable.
Rain on four
days of the week, rainfall being one inch and seventeen hundredths. The thermometer has averaged 67, ranging from
49 to 87.
indications of frost.
—
1900
1901.
7".r,
""16
—
1900
1901.
October 4.
7»B
—
o\-:j.(E-J3DC^Cxuici)yiOt.ccffiCi:NW3.
MW
CO
odco to -to *
co
.
1
©
COWOkO
;
16
5%
|
—
OStCCDCO-J*-
711,6
7»s
84
M
Little Rock ...
Raleigh
74
7 7s
7%
Montgomery... 7i3 ia Shreveport
7H
Weather Reports by
BY Telegraph. — Reports to us by
W#»C0»Jt0*>O;0aM35— C0 — £-|f>.05X>t-O— WtO<ll-'C>C»)W*-.*o;
i-ooscBOaij. ax>
B»
Fri.
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens
7'9
Nashville
Columbus, Miss 7&8
7n 16 Eufaula
Atlanta
Natchez
7 7s
76a
Charlotte
£> — CO tO — »C CO
*93i~fiOD* -• CC« M
laHw-inftMcos^ ojco orotooit-uxito oco »a©
cer^jeu
C »C0-* XT. -IQO^»^l^.^Jr-— Ol— tO"-Ot~l
W*k*-tO *> ~ r->
SlfO
8
7»w
•"»
16
SI
7 78
Columbus Oa
"'
8
7«ia
Wednei.
I
SI
a-.
(XOOOOai-JOieifHO^-JOJOOi^OXOUigji—Octr-^COSOOaott 5
1
8
8
8*
8k
84
8>4
8»4
>
Tur,».
71'ie
8
8
H>e
Thun.
Hon.
7*
7%
7H.
UWULtHQ COTTON ON—
The
>
CO
HCHH
o — ^n
Satur.
7*
Charleston
Wl mington.
Norfolk
Boston
Baltimore
Philadelphia
<n-'-'
CLOSII
CLOSING QUOTATIONS WOB
•7\
Kavannah.
^-doscj*
e">5
V)
[Vol. lxxiii.
—
OCTOBEH
5,
THK CHRONICLE.
1901.]
Montgomery, Alabama.— Picking continues to make good
progress. The crop is doubtless snorter than reasonably expected. The weather has been frosty eiuce yesterday. There
has been rain on five days the past week, to the extent of two
inches and fifteen hundredths of an inch. The thermometer
has ranged from 57 to 80, averaging 71.
Selmn, Alabama —Light frost this morning, but no serious
damage done. Farmers complain that the yield is disappointing.
have had rain on two dayg during the week,
the precipitation reaching one inch and forty five hundredths.
Average thermometer 60, highest 80 and lowest 40.
Madison, Florida.— There has been rain on four davs of
the week, to the extent of lour inches and twelve nun
dredths. The thermometer has averaged 77, the highest
being 88 and the lowest 58.
have had rain on six days of the
Savttnnah, Georgia.—
week, the precipitation reaching one inch and twenty-one
We
We
hundredths.
The thermometer has averaged 75, ranging
from 65 to b6.
Auuvxta, Georgia.—The weather has been rather cool.
The crop movement is free. There has been rain on four
days of t he past week, to the extent of one inch and sixty
hundredths. The thermometer has ranged from 60 to 86,
averaging 73.
Charleston, South Carolina. It has rained on five days
of the week, the rainfall being sixty two hundredths of an
Average thermometer 75, highest 85 and lowest 65.
inch.
Stateburg, South Carolina.— Weather conditions have been
very favorable for what little cotton remains in the fields.
but the crop will be very short in this vicinity
There has been light rain on six days during tbe week, the
rainfall reaching twenty seven hundredths of an inch. Toe
thermometer has averaged 73 6, the highest being 87 and the
—
f
lowet-t 59
Greenwood, South Carolina.—The high temperature and
rain have improved late cotton. Bain has fallen on two days
of the week, to the extent of one inch and twenty-seven
hundredths.
The thermometer has averaged 67, ranging
from eO to 75.
The following statement we have also received by telegraph,
showing tbe height of tbe rivers at the points named, at
3 o'clock Oct. 3, 1901, and Oct. 4. 1900.
Oct. 3, '01.
Oct. 4, '00.
Feet
Feet
New Orleans...
.Above »ero of gauge-
SO
43
Memphis
Above zero of gauge.
Above zero of gauge.
Above zero of gat ge.
Above zero of gauge.
5 4
c-3
1-9
Nashville...
Bhreveport
Vloksbnrg
38
1-0
10'5
7 5
3-8
India Cotton Movement from all Ports.— The reoelpt*
of cotton at Bombay and the shipments from all India port;
for the wook ending Oct. 3, and for the season from Sept. 1
to Oct. 3 'or three years have been as follows
and leave those for previous weeks of this and
Receipts at-
tree*
Sept. 1
9.0O0
1899.
Since
/Since
Week
Boiiibay
1900.
3B.0O0
Sept.
140O0
3,000
Sept. 1
4 000
year for
1WHJ
1901.
33* Cop
Twist
8 1* Ibi Skin Ootfn
ingi, coninujji Mta
U,,L,L.
UplOM
to finest
d.
d.
Vg30-n 18 •«
Sep 6 7»i« »8
13 7* 9SH
20|7»«
-
27
8.
A
08
98
•8
OH
08
4
4.
•
•'
d
9»^
I
7
OB
3
Oot. 4 7
*»8
i
OH
1
5-t-,3
9
d
d
8««
8 7n
4-7. ) J 8
.
•I
I
2
IS
14,
1
Shirt
ibi
»»»«,
common
«•,,,.,
to Attest
...
d
3
A
Ooil n
Mi>t
Up las
A
4
»7 10
«4
« 09»4
41»3M »Ml
4
9*
,i
1
,
1
8*
__ n
JJ?°. V
TWlSt.
-
4<>a
1938
4%
!14l
44i 97 11
9 iOV5 IOHiOH 8
* 10V5 9 08 44
4 1"»4.5 9 »H 44
,
9 10>„
i
* B 1«
•,
—
The Agricultural Department's Kkport for October.
The Ag'iouliurai D pat tmeut's report on coi ton for Septan**
ber 25 is given below
The monthly report or the statistician of the Department of Agri
culture shows the average o uditton of oot'on on Sept. 2> to have
been 61 4 per oent, compared with 7 '4 per rent on 'he twenty fourth
day of the preceding month, 67 per cent nn Oot. 1, 1900, b * per cent
per cent the mean or tLe
at the corresponding date u i-!M, ami 70
October averages of the last ten years. Rarely has so general an lmpalimeut of rondltton b en reported as the Department's various
crop reporting agencies unite In bearing witness to thU m nth. There
Is a decllue or 9 points tn Virginia and North Carolina, 1.1 In South
Carolina, Florida and Tennessee, 8 In Georgia and Louisiana, 1" In
Alabama and Arkansas, 22 In Ml*sls»lppl, 5 In Texas, 11 Id Oklahoma,
While the condition
In the Indian Territory and 14 In Missouri.
In Georgia and Louisiana Is still one point above the ten year averages
or those States, the reports from every other cotton crowing Btate
and Territory compare unfa voi ably with the average Ocoher conditions ror any considerable series or years. The extent to which the various States fall b'low their respective ten-year averages |- a* roliows:
Virginia 3 point", Soutn Carolina 2, North Carolina and Florida 8, Alaosiii>»7, vlisplssippi t, iVnnesH'-eli and Texae and ArffansaB each 18.
The condition In tbe Indian Territory Is 9 points and in Oklahoma 16
points below the mean of the October averages of the last five years
aud that in Missouri 19 points below the mean of the last live years.
That the reader may have for comparison the condition,
according to tbe Agricultural Department for October 1
for a series of years, we give the following, collated from it*
:
1
1
l
reports:
—
©
05
States.
o
o
os
a>
CS
00
.
60
6H
IniliaD Ter..
61
61
7e
66
62
64
79
70
69
68
56
53
66
74
77
4e,
Oklahoma
57
79
60
Virginia
No. Carolina
So. Carolina
73
63
Georgia ....
73
65
65
66
72
51
Florida
..
Alabama
..
.
..
Mississippi..
Louisiana....
Texas
\ rkansas .
Tennessee
Missouri
67
51
.
.
71
64
57
67
63
62
5b
66
78
65
64
*>
0>
00
CO
os
00
t>
r.
00
«*
•e
03
00
A
oo
S4
70
5*
7*
89
76
78
74
64
6S
8i
H
7r>
66
76
72
67
73
70
76
t6
72
84
61
70
74
72
64
60
61
57
67
6"
93
9<
e5
74
76
75
f-5
4
4
7b
84
61-4 6^-0 «2-4 75
67
67
i
90
53
6*
79
64
59
700
60-7
64
58
72
70
85
m
a
00
79
79
72
84
80
89
o
a
r-l
0>
ao
00
93
76
71
62
76
70
84
76
73
63
b9
72
74
7i
7i>
77
74
75
7b
70
79
71
65
71
79
90
59
75
88
CM
01
00
.'9
V
92
72
70
72
78
91
83
82
81
80
75
83
77
80
83
7b
74
7>-
m .
....
.
- • > •
...
651
82-7 70-7
"33
...
....
75-7
800
—
Since
Week.
1.
lust
)omp»risoii.
Average
1901
1"
7
25,000
Jute Bdtts, Bagging, Etc. Dor ng tbe week under review there has been only a limi ed demand !o jute bagging, wi h prices, however, as last quoted, viz.: 6c. for \%
Car-load lots of
lbs. atid6 3 s'c. for2 lb ., standard grades.
standard brands are qioted a 6% Stf^c, f. o, b., ate rding
to quality. Jute buts continue null at 1>£(#1 %a. for paper
quality and 2%@2%c for bagging quality.
j
f
Smc
For (Ac WeeK
t
HeplKrnOc
Sxporit
from—
Bombay
Qrcat
Oontt
Britain.
nent.
Total
5.000
19,000
1,000
5,000
19,000
1,000
1,000
1,000
1,000
1,000
Oreat
Britain.
Continent.
Ftuui
-
1901
190© ....
18t9
Calcutta—
1901
1900
189
10,000
36.000
4,000
......
Madras—
1901...
.
1900
1899
......
10,000
40,000
2000
2,01
3.000
2,000
1,000
3 ooo
1,000
1,000
1,000
1.C00
2,000
1,0'
All otbers-
1901
......
1900
3.0OC
1,000
3.000
1,000
13.000
IS. 00'
10000
10 000
7,000
7.000
27.000
48,0o0
11.000
27,000
52,0
11,000
1899...
Total all—
1901
1900
1899.
••••••
......
.
9.000
21.000
1.0O0
9.0no
2i,000
4,000
1.OO0
Government Weekly Cotton Report. — Last of the Season.
—Mr. James Berry, Chief of the Climate and Crop Divition
of the U. S. Weather Bureau, made public on Tuesday the
telegraphic reports on the crop in the Southern Staes for
the week ending September 80, summarizing them as follows:
North- Carolina— Weather nntll Saturday favorable for puking
oott >n, but low temperatures were unfavorable for deveiopm- ut or
top noils of cotton; rains Saturday and Sunday were heavy in some
sectli us and stopped work and damaged open cotton; cotton opening
slowly.
South Carolina.— Weather favorable for picking cotton; cotton
onenlug ralrly well, but crop n'»t >s good as expected; cool weather
Mopped growth and renewed shedding.
GtokOiA. Weather favorable; ootton picking progressed rapidly
till 27th, but siuoH then piohiug has been retarded and o pen staple
dam»geo by rain and wind, bulk of crop saved In many localities.
Flokida. Heavy rains in ceutral and northern portions damaged
ootton, much beaten frum bolls, lint soiled, and some sproutipg; picking delayed.
Alabama —Too
freely,
Alexandria Receipts and Shipments of Cotton
Alexandra Xgypl,
October
1901.
2.
Receipts (oantars*)
This wee*
1900
1899
90.000
176,000
88\O00
. .
160.000
287.OO0
1
200 000
oool for maturing crops, favorable for harvest
ootton opening
ploked, yielding lightly, damaging features decreasing.
except rains middle of week, which did come damage
much
;
uo top crop.
Mississippi.— Fine week forgathering crops, which Is progressing
rapidly; cotton nearly all opeu In Soutii. pickuig d. layed bj scan
of help in some comities, but generally well advanced, yield tecuir
grow uvbier as picking advanoes.
Louisiana. -in j, pleasant week; ootton ojenlng rapidly and picking iiehiK pushed ugorousiy. hair crop picked In sonn Localities, jleld
generally liKht, but better in some p aces than expected.
Thas -Dr excep' scattered chowers; warnioavs and oool nl.:ht*,
with a\er<ijie temperature above normal; cotton picking earn
Pletlou, yield much below average, some lie<d* abandoned, late oott
b ln»r ravaged bv boll weevil aud other lnseots, and prospcc;s very
poor for top crop.
.
TkU
Smct
7/lu
week.
Sept. 1.
week.
Sim e
Sept.
i.
This
fllitru
week.
Sept. 1
Export* (bales)—
To Continent
t
4,000
3,000
9.000
25,000
2.000
2,000
9.000 10 000
13,000 8 010
20.000
22.000
<
akhans*-.
— Higher temperatures and
almost total absence of rain;
ootton continues opening rapidly, picking helm* rushed, in some
localities entire crop open; picking generally will Incompleted by
of October.
Tennksskk. - Except rain Saturday the week was one of the be>t and
busiest oi he seasou as to lai m woik cuttou opening rather tlowiy;
picking well advanced
Oklahoma and Indian Tbkhitories.- Early oot'on at out all
picked late bohiug fan iy well; crop will yield from fourth to half bale
per aore.
I
Total Europe
7,000 34.000 4.000 22,000 13.000 42.000
A oantai Is 98 pounds,
t Of "inon to America In 1901, 1,850 bales; In 1900
1,942 bale*;
In 1899. 997 bales.
MaNohkstrb Mabebt.— Our report received bv c»Me
to-night from Manchester states that the market is quiet
for yams art'* firm for shirtings.
The demand for both yarn
and cloth is improving. We give tbe prices for to-day below
Missoi
ties;
ri.
Warm, dry week, except showers
cotton opening rapidly, but crop light;
worms.
In
few western coun-
some damave by
boll
THE CHRONICLE,
746
—
These reports on cotton are summarized by the Depart-
ment
as follows:
The weather conditions In the cotton belt have been very favorable for picking, except over portions of Georgia, Florida and North
Carolina, where this work has been retarded to some extent by rains
of the latter part of the week. Picking has progressed rapidly In the
central and western districts, where ootton has opened rapidly, the
bulk of the crop being gathered In s^rne sections. Over the eastern
portion of the ootton belt the low temperatures of the week were rot
favorable for the development of the top crop, and heavy rains have
damaged the staple In portions of North Carolina, Georgia and Florida, while the Sea Island crop of South Carolina Is suffering from
drought. In Texas late ootton Is being damaged by boll weevil and
other insects, and the outlook for top crop Is very poor.
Cotton
Overland Movement for
and
Consumption
Month of September. —In consequence of
dition of onr columns this week, we omit
the crowded congiving the usual
extensive details of the overland movement. Below, how
ever, we present a synopsis for the month of September for
three years.
^^^
1900-01.
bales
Gross overland for September
Net overland for September.
Port receipts In September
Exports In September
Port stocks on September 30
Northern spinners' takings to Septemb'r
Southern spinners' takings to Septemb'r
Overland to Canada in September (included In net overland)
Burnt North and South In September
Stock at North'n Interior markets Sep. 30
Came in sight during September
Came In sight balance season
Total crop
Average weight of bales
,
32,666
21.269
446,768
342,0 22
283,676
73,7 84
143,000
4,191
4,409
6,816
704,037
,
1899-00.
32.502
20.738
622,78 1
319,076
341,021
44,484
124,000
79,651
57,812
800,866
461,515
682,063
105,427
121.000
i
Liverpool. By cable from Liverpool we have the f ollowng statement of the week's sales, stocks, 6tc, at that port.
-tales
Of whloh Amerloan
Sat'day
Spot.
Market,
is so
p.
m
71,000
47,000
3.300
1,200
40,000
5,000
57,000
259,000
190,000
55,000
52,000
85,000
25,000
1.900
3,400
63,000
4,000
55.000
220,000
153,000
21,000
10,000
70,000
63,000
\
Good
Good
Harden'?.
Harden'g.
Qnlet.
Easier.
demand.
* n l6
419 32
417 32
*>ie
4%
4%
5,000
8,000
500
000
15.000
1,000
15.000
1,000
15,000
1,000
12.000
1,000
demand.
\
UldUDpl'dB.
Jpeo.
Monday. Tuesday. WecTday. TKund'y Friday.
.
Aexp.
Future$.
6,623
10,875
897,521 1,129,678
9.527,620 8,309,881
10425141 9,439,559
Market,
4 p.m.
present issue, practically all features of previous issu c s being
retained, and quotations of American cotton in the Bremen
Cotton Exchange being added. The book of course contains the usual very full statistics of the American, East
Indian, Egyptian, Russian and Brazilian crops, the pages
being so arranged that the daily and weekly figures for this
year as received can be inserted side by side with those for
the previous year. The book will be found on sale at the
office of Comtelburo, Limited, 19 Beaver Street, New York.
35,000
1,400
1,200
29,000
6,000
36,000
267,000
189,000
16,000
15,000
eo.ooo
61,000
Oct. 4.
have been as follows.
prices of spot ootton,
j
51597
40,000
2,800
1,400
81.000
4,000
46,000
292,000
209.000
9.000
8,000
69,000
62.000
Sept. 27.
The tone of the Liverpool market for spotd and futures
each day of the week ending Oct. 4 and the daily closing
I
Hand Book for Daily Cable Records of American,
East Indian, Egyptian and Brazilian Cotton Statistics,
&c— The Comtelburo, Limited, of Liverpool, London and
New York, has furnished U3 this week with a copy of the
thirty-first annual issue of the daily cable records of the
principal cotton crops of the world, which ;has just been published.
Little change has been called for in compiling the
bales.
Amount afloat
opened,
50640
week
of the
Of which exporters took...
Of whloh speculators took.
3ales Amerloan
Aotual export
Forwarded
Total stock— Estimated
Of whloh American -Est'd.
Total import of the week.
Of whloh Amerloan
2.597
C94
Sept. 20.
Sept. 13.
Market
508*15
,
1898-99.
[Vol. LXXII.I.
Irreg. at 3ready at
1.64 1<* z-nt 2-64 deadvance.
cline.
2-64 decline.
partially
1-64 adv.
1
64 ad-
vance.
vance.
Firm at
1^-2^ Pts
m* * pu. H®2
M Pt. 12W-1W* p
decline
decline.
advance. advance. advance.
i
Steady at Steady at Qnlet
;
X
at
pts.
1
pt. dec.
Firm at
»-64 ad-
Qnlet at Steady at Steady at
Qnlet at
Brlyst'dy
The prloes of futures at Liverpool for each day are given
below. Prioes are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
Won.
Sat.
28 Sept. 30
Sept.
Toes.
Wed. Thar*.
Oct. 1.
Oct. 2.
Prl.
3
Oct.
Oct. 4.
12% 1 12^ 4% 12i« 4 V2^t 4 12i« 4 12% 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
d.
d.
d
d.
d.
3ept.,L.M.C. 4 37 4 34 4 29
Oct., G.O.C. 4 28 4 27 4 26 4 25 4 22 4
4 21 4 20 4 19 4 18 4 16 4
Oot.-Nov
Nov.-Dec ... 4 19 4 17 4 16 4 15 4 14 4
4 17 4 16 4 15 4 14 4 13 4
Deo. -Jan
4 18 4 16 415 4 14 4 13 4
Jan.-Feb
Feb.-Moh.. 4 16 4 16 4 15 4 14 4 13 4
Moh -Apr . . 4 18 4 16 4 15 4 14 4 13 4
April-May... 4 17 4 16 4 15 4 15 4 14 4
414 4
.
23
17
15
14
14
14
14
14
15
d.
d.
d.
d.
4 24 4 25 4 27 4 26
4 18 4 19 4 20 4 19
4 16 4 16 4 17 4 16
4 15 415 4 17 4 15
4 15 4 15 4 16 4 15
4 15 4 15 4 16 4 15
4 15 4 15 4 17 4 15
4 15 4 16 4 17 4 16
4 15 4 16 4 17 4 16
d.
d.
4 37 4 39
AO
28
26
25
25
25
25
25
4
4
4
4
4
4
4
4
4 33
4 30
4 29
4 28
4 28
4 28
4 28
4 ?,R
—
Shipping mews, As shown on a previous page, the
exports of ootton from the United States the past week have
reached 175,703 Dales. The shipments In detail, as made ap
from mail and telegraphic returns, are as follows:
Total balti.
New York—To
Liverpool, per steamers Cufic, 1,161 upland
and 25 Sea Island... Cymric, 985
Georgian, 786
To Havre, per steamer La Champagne. 1,265
To Bremen, per steamers Kaiser Wllhelm der Grosser, 550
Kronprinz Wilhelm. 25
To Antwerp, per steamers British Queen. 1,000
To Genoa, per steamers Cilurnum, 400
Scotia
tional),
575
1,000
(addi-
90O
1,300
To Naples, per steamer Citta di Torino, 200
To Venice, per steamer Cilurnum, 200
New Orleans—To Liverpool—Sept. 28—Steamer
200
200
Eleotrlclan,
60U0; Tampioan. 5,754
To Londou— Sept. 27—Steamer Jamaioan, 100
To Dublin— Sept. 27— Steamer Malin Head, 200
To Bremen -Oct. 1-Steanaer Cerea, 9,250
To Hamburg— Sept. 28 -Steamer Brisgavia, 2.642
To Copenhagen— Sept. 30— Steamer Texas, 2,900
To Genoa— Sept. 28 —Steamer Agnello Clampa, 10,850....
Sept.
2,957
1,265
30— Steamers
11,754
100
200
9,250
2,642
2,900
Aquilej a, 750; Reolna. 4.550.
16,150
Aquileja, 2,703; Reoina.
To Venice— Sept. 30— Steamers
1.100
To
Trieste -Sept. 30 -Steamers Aquileja, 1,300;
3,800
Recina,
500
Galveston— To Liverpool— Sept. 28— Steamers Bernard Hall,
4.0*2; Maria de Larrlnaga, 11,613
Sept. 30— Steamer
Dominic, 6,920
Oct
3— Steamer
Iran, 14,726
To Havre -Sept. 28— Steamer Belfast, 9,660
To Bremen -Sept. 30 -Steamer Archtor, 928
To Hamburg— Sept. 28—Steamer Pontos. 6. 196.. ..Sept. 30
—Steamers Archtor, 400; Kenlev, 530
To Antwerp— Sept. 23— Steamer Wooaleigh, 1,096
To Barcelona— Sept. 27 -Steamer Laurak Bat, 6,377
Savannah— To Bremen -Sept 30— Steamers Flnnland, 5,53 1;
Livland, 4,325
Sldra, K.250
Sept
30 -Steamers
St. Kilda,
30-8teamer Brlardale. 4,675
To Genoa—Sept. 28— Stealer Aurelia, 2,900
To Venice— Sept. 30— Sti-amer Briardale, 100
Brunswick—To Liverpool— Sept. 28—Steamer Buokminster,
4,101
To Manchester— Sept 28— Steamer Buokminster, 300
To Bremen— S"pt. 28— Steamer Collin^ham. 3,702
WiLMiNGTOS—To Bremen -Oct. 2- Steamer Roxby, 10,586 ...
Boston— To Liverpool— Sept. 27—Steamers Norseman, 300;
Baltimore— To Liverpool— Sept. 25— Steamer Vedamore,l,645
To Bremen— Oot. 2-8teamer Frankfurt. 201
To Hamburg Oct. 2— Steamer Belgravia. 200
Saw Franoiboo-To Japan—Sept. 27—Steamer Nippon Maru,
Seattle—To Japan— Oot.' l^i^"nier"Kamaku^'Maru,"36a.".'
ToU1
~
37,331
9,660
928
7,126
1,096
6,377
6,947;
To Hamburg— Sept. 28— Steamers Flnnland, 100; Livland,
850
To Rotterdam 8ept. 30 -Steamer 8t. Kilda, 200
To Antwerp— Sept. 30— Steamer Sidra, 551
To Barcelona- Sept. 82— Steamer Aurelia, 2,850
Sept.
Saxonia, 200
1,800
23,056
950
200
551
7.525
2,900
100
4.101
300
3,702
10,5 J 6
500
1,645
201
200
275
300
BREADSTUFFS.
Friday,
4,
1901,
from the winter- wheat belt reported that seeding was making favorable progress. Cable advioes reported
that the official estimate of the Italian wheat crop indicated
a yield of 125,620,000 bushels, an increase of about 6.000,000
bushels over last year. Only a limited amount of business
has been transacted with exporters in the spot market;
prices have weakened slightly. To-day the market was quiet
but steady. The spot market was steady.
YORK.
DAILY CLOSING PRICES OF NO. 2 RED WIirTER IN
Fri,
Sat.
Tuet.
Wed. Tkurs.
Mon.
75
75 1-2
74%
75
Hash wheat f. o. b
75*9
75%
vices received
NEW
Oot. delivery in elev
Deo. delivery in elev
May delivery In elev
731-2
75%
78 7e
733s
75%
726s
75%
78%
72%
74%
77%
72%
74%
77%
72%
74%
77%
68%
72%
66%
68%
72%
79
DATLT CLOSING PRIOES OF NO. 2 SPRING IN CHICAGO.
Tuet.
Wed. Thurt.
.Sot.
Mon.
67
68%
67%
67
Oot. delivery in elev
683s
Dec
17o77oi
Oct.
Buyers have shown a lack of confidence in the market for
wheat flour during the past week, owing to a sagging tendency to prices for the grain. Reflecting the decline in wheat
values, prices for flour have yielded slightly, with spring
patents selling at $3 65@3 75. At the decline business has
b sen only moderately active, buyers showing a disposition
Winter-wheat flours have had
to go slow in placing orners.
a limited sale at about steady prices. City mills have been
quiet. Rye flour ha9 held firm for the low grades, but the
better grades have been freely offered. The market for buckwheat flour has opened, but thus far business has been
limited. Corn meal has been dull and unchanged.
Speculation in wheat for future delivery has continued
without spirit. Diily fluctuations in prices have been within a narrow range with the tendency towards a slightly
lower basis. Early in the week, influenced by an unexpected
decrease in the supply of wheat afloat for Europe, there was
a fractional improvement in prices, with some buying by
Subsequently, however, a
shorts to cover short contracts.
large increase in the American visible supply had a tendency
to offset the effect of th9 decrease in tin afloats for Europe,
Daring the remainder of the week
and values reacted.
prices cDntinued to show a tendency to sag. European cable
advices report quiet market? and on the Continent there was
a considerable weakening in values. The movement of the
crop in the Northwest was far in excess of the receipts for the
same time last year, the Northwestern markets were weaker,
feeling the effects of the continued heavy arrivals, and ad-
delivery in elev
elev
May delivery to
70%
73%
70%
73%
69%
72%
68%
72%
Fri.
October
5,
THE CHRONICLE.
1901.]
747
Indian corn futures have been fairly active but at lower the part of the large buyers has not yet made itself felt to
Speculative holders have been fair sellers to liqui- any extent, and the orders coming forward have again been
The chief attention of buyers
date their accounts, and they have met with only indifferent for limited quantities only.
buying, the trade generally showing a disposition to operate has again been directed towards staple fabrics, the market
cautiously and await developments. Positive confirmation for these showing many quarters where no further lightof the small-crop estimates are now being looked for. The weight orders are for the time being taken, irrespective of
crop movement, though not as large as at this time last year, price. There are few spots in the staple division not dehas been fairly full. Owing to the high prioes ruling, the cidedly firm. The previously-noted irregularity in fancies
actual demand for corn has continued only very moderate and still exists, but not more prominently than before. CloakThe ings and overcoatings are unchanged. Woolen and worsted
is reflected in a gradual increase in the visible supply.
movement cf corn to foreign markets has been very moder- dress-goods for spring are steady for the general r :n of
The last weekly figures published show world's ex- staples, with fair sales. Fancies are neglected.
ate.
ports for the week of only 2,000,< 00 bushels and the amount
Domestic Cotton Goods. The exports of cotton good a
Busi- from this port for the week ending Sept. 80 were 11,908
afloat for Europe shows a decrease of 310,000 bushels.
ness in the spot market has been quiet, exporters being slow packages, valued at f 160,051, their destination being tc the
buyers. To-day there was an easier market under more points specified in the tables below:
favorable crop news from Iowa. The spot market was dull
prices.
—
,
and
easier.
DAJ1.T OLOSINO PKIOKC OF NO. 2
Sat.
Cteah oorn t. o. b
Oot. delivery In elev.....
62^
62
62 *a
MIXED OOKH
Mon.
rue*.
621s
61»s
61 '8
61
IN
NEW YORK.
Wed.
6238
6138
6188
Thuri.
62*a
613s
61 8
N«w York
Wttk. Since Jan.
634
Great Britain...... ...... ....
61'4
May
Oats for future delivery at the Western market have received a moderate amount of attention, and prices have held
The movement of the crop has continued
fairly steady.
only moderate, and with a fairly good cash trade there has
been no pressure of supplies. The local spot market has been
aotive, a fairly large business being transacted with Western
points on a cost, freight and insurance basis. To-day there
was a quiet market.
DAILY OLOSINO PRICKS OF OATS IN
YORK.
Fri
Sal.
Wed. Thun.
Mon. Tue*.
No. 3 mixed In elev
384
384
884
384
384
384
41
41
o. 2 white In elev
41
414
414
41
DAJLT OLOSINO PRIOES OF NO. 2 MIXED OATS IN CHICAGO.
Fri,
Tuet.
Wed. Thun.
Mon.
Sat.
34
Oot delivery In elev
33 T8
33%
844
33'a
7
35^8
354
354
Deo. delivery In elev
354
34 8
353a
May delivery In elev.... 373s
37
374
374
373e
37»s
Barley has been quiet but steady
Rye has beenjdull and
NEW
unchanged.
Following are the closing quotations
Fine
Superfine
Extra, No. 2
Extra, No. 1
Clears
Straights
Patent, spring
(Wheat
floor In
FLOUR.
Patent, winter.... 93 50 93
92 25 92 35
2 40 92 45
City mills, patent. 3 85 94
2 50 92 60
Ryeflonx.snperftne 3 15 93
2 70 ©2 80
Bnokwheat floor.. 1 75 92
2 90 93 25
Corn meal3 25 93 70
Western, eto
3 10 ft 3
3 65 94 35
Brandywlne
8 80
sacks sella at prioes below those for barrels.)
ORAM.
Wheat, per busn.—
Hard Dal nth, No.l
N'thern Dal., No.l
o.
e.
7749794
733807538
724075
Bed winter, No. 2
Hard N. Y. No. 2. 72<>8»7438
ate— Mlx'd, p. bash.
White ...... .......
940
404945
38
Oorn, per bnBh.—
Western mixed.
No. 2 mixed.
Western yellow
Western white
85
30
55
35
61
19
3.190
1.040
4,773
3,710
1,093
79,350
77
5071
1.683
2,182
916
949
70
88
447
350
35,661
7,640
17.697
1,505
5,470
42,731
7.854
11,903
207,782
Since Jan.
~
1
1,762
1.317
140 445
9
10,474
25,441
3,522
21,4?6
2,386
9.C88
33,618
7,109
6,117
256.588
457
£94
95
198
922
The value of the New York exports for the year to date
has been $8,907,470 in 1901, against $11,294,301 in 1900.
The volume of business done in brown cottons this week
has again been moderate on both home and export account.
Prices have been well maintained and at the close have a
stiffer tendency in some quarters. Ducks and brown osnaburgs
are quietly steady. Business in bleached cottons has not
increased to any extent and is still quiet. Stocks are, however, limited, and prices are well maintained throughout.
The market for wide sheetings and cotton flannels and blankand unchanged. All descriptions of coarse, colored cottons are in limited supply and very firm in price in
face of a moderate demand. Staple prints are scarce and
printers are reluctant to sell ahead at present prices. The
demand for fancies is moderate. In ginghams some lines of
staples have been in fair request and occasionally l^c. higher.
Fine grades of ginghams are quiet but firm. Print cloths
are firm at 3c. for regulars, with an improved demand at the
ets is dull
week for odd goods on relative basis.
Foreign Dry Goods.— There is a fair demand for thin
20
dress fabrics and for high novelties. Silks continue firm but
quiet and ribbons steady, with moderate sales.
Linens
are firm, with moderate buying. Bui laps are weak and tending downwards.
o.
o.
60 9624
6049624 Importations and Warehouse Withdrawals oi Dry Goods.
close of the
61»89634
61 789630a
D
We
Western
Corn.- The week has been favorable for maturing and gathering
oorn, and reports from the principal oorn States Indicate that a muoh
larger aoreage than usual at this date has been cut. The orop is now
practically safe from frost in all districts.
Plowing— Plowing and seeding have progressed favorably lnjnearly
all districts, and the early sown wheat In the States of the lower Missouri Valley has come up In excellent condition. In Southern Michigan and portions or the Ohio and Central Mississippi Valleys.'however, plowing and seeding have been delayed on account of the dry
condition of the soil, and In Ohio seeding has been purposely delayed
on acoonnt of the Hessian fly.
VT F«r oihtr tables
slven here see vase 900.
ally
THE DRY GOODS TRADE.
New
York. Friday. P. M., Oct. 4. 1901.
At the close of the week it would seem as though the
course of raw cotton were likely to again become a potent
factor in the market for cotton goods. The deterioration of
the cotton crop during September, as shown in the monthly
orop reports of the Government, followed by the advance in
the staple, have caused at the close of the week a stiller attitude than before on the part of a number of sellers, and
brought out more inquiries from some of the larger operators.
Daring the early part of the week the market showed no
material change in conditions, the demand continuing indifferent in all departments, with the general tone well maintained. The situation in Fall River is attracting much attention, owing to the unsettled relations between the manufacturers and the operatives. The probability of a strike has
caused a livelier demand for goods likely to be affected, as
should work be interrupted a higher market is practically
assured.
s)
is
ii
s
o
^—9
2
;
•
1
a
li
gs
_ P
a; §
'•
'
g:
;
°:
%
E
i-i
i
s
fsgg^s
I Ss
•
Si!
0>
tie
i
lis
w
m
©to
"cob
0>—
go to
.
I
w m *» to
tOOrf»WO
eo
to^nxoo
QO
9,358 5,535
to
w
b co
to to— O
*>•
to
«*•
— *»•
oc*
co©
0*00000: to
-c-1
to*.
GO
-5
»3
to
COM
CO
a
•3 GO
CC-J
tOCO*-
COM
coco
VJOO
©M m
<!*«.
CO GO
co to
O©GDC0 O
— qo at to v*
© 0<
to
co
cols.
Vito
05 0<
03 P>
©MOiWCD
a«j
as —
M <I*k to to toe* to
to*, to — C3
—
B «--J
O *-<o ® vIpvIW
00
05 I-
X
WH
5
tO *-
CO CO to
to
*-
05©
w©
— — *- to
tO CO 03 CH 03
SCO*"!
'©—"©*
H-weuu
COCO»-©CO
'of©
"is-
icco
to
CO*
VCD
HH', «M 10 M
»
M »0 Uiu^oo
i
l
iS-W
oco
CO to
CO
to
I
Om
*0
M 00
S coco
,
I
ODOD©05 O
0*0*.©
to — XCCtO
5,715 4,700
CO
CO COM*. CO
00 COC* 00 CO
co
I
->
©J-
MS
•
COWCOM
MM
©ao©wbi
o>-jxw-j»
* HO"v|tO
OBOSMOSOO
C HOOtDJt
oo©««
to 05*= *>05
CO to to r
a
CD
"—
9
—
M tO*"*——
e-i«p-i«
— coaoVco
a — too©
»0^MM«1
150,462
86,879
48,956 71,088 72,525
COM
CS©
OS
00
308,544
13,105
"-J
16,927
6.439
9,815
CO
s
— CO
<I W_tO *k
-C* 00 to 00
©to
•J>
J
CO©
*.oo
09-1
5
^J#".QC
co to
coco
414,403 851,330
v
05C»M^*>
tcatotcw
— ax
a
ODaob>b—
«)M*COC0
2123
CC-4CX»I0
CD
COC*
©©©*"-
-J
2
Y
O«^05M
*v w — CO CT
O>0D© tCO
^JCOOOCO
MtOOOOSCO
®
© M
« *.
— ©© to ©
HUISIOO
O3©©wco
— mVjoo
— aoCT —
r
r**>
GO
cow
CO
co
oo
K3U
CO*.OOCS
coco
CO
COM •"•
*.co«po»
co to
10,415
COOCOC*
«. CO
-i
©
MtOCSCOlO
00 03
00
tO 00 to 00 CS «B
<8 co to
<=>£
ii.n
??
©W03M03
CO
w to
CO > to © *H"->O0tJM
^VtO<! — Ol
CUM
—
CO
OD
©"CO COCO *0>
aoboobs
Coo CO — no
too
—
GO
05 ©05
00 GO CO CO 05
00 -j to t» to
—
"a
—
~j
*
-3©©©M
to to to
tl:
<o
C3
H«*3> ©
-JtOCJ>MO
<ito
Vbbbu
*«
*.
CO
CJl
wcnto*-"-"
——
co
*.
—
"
has been nothing transpiring this
week in the men's- wear woolen and worsted goods division
to change the general situation. The re-order demand on
to
to
Bye, per bush-
.5449574
No. 2 mixed.
384»394
State and Jersey
59 ©60
No. 2 white
Barley— Western
41 9424
59 «65
Feeding
54 957
Government Weekly Grain Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S.
Weather Bureau, made public on Tuesday the telegraphic
reports (the last of the season) on the grain crops in the
various States for the week ending Sept. 30 as follows:
Woolen Goods.— There
Week
1.
*Yv
61»8
614
61%
62 3g
62%
62^
624
626g
624
DAILY OLOSINO PRICKS OF NO. 2 MIXBD OOKH IN CHICAGO.
Wed. Thun.
fri
Mon.
Tuet.
Sat.
54*8
55 1*
54_>«
54 78
54 7a
BS»a
Oct. delivery In elev
7
5*9*
56»8
56>«
5« 8
Deo. deliverv in elev .
56%
56>e
58»8
5838
58»8
58»«
58 Vj
May delivery In elev
580b
Deo. delivery In elev
delivery in elev
1800.
1901.
to Sept. 30
m *oja *• to
"coVoViVi
o; or W — CO
«©05WCO
saoao'-JOs
tooOOso
COO" 03
li 00
00© CS30K3
p.® 03©«
00 CO CO © CO
*iM tooxyi
-J©
to to
-JM OmO
©M "cob 00
COO *.CO-J-fc
©CO CO©*.
TsVs b)Vo*.
OO
tOCSM
y>co tC-CJ«
§
THE rHRONTDLR
748
State and City Department.
MUNICIPAL BOND SALES IN SEPTEMBER.
According to our records, $14,288,456 of municipal
bonds were put out during the month of September.
This aggregate far exceeds the total for September
of any preceding year, aud is more than twice the
average for September of the previous nine years.
These exceptional figures, however, upon analysis, are
seen to possess much less significance than might be
supposed.
The
failure of the State of Massachusetts
bonds
[Vol. LXXIII.
Paae.
Location.
Rale.
577.. King Co (Wash.) Soh.
DiHt.No.9
5
749.. Laramie <*>., Wyo
4
62H.. Laurel, Neb
5
«89.. Lima, Ohio
3^
74'.).. Lincoln
Co. (Wash.)
Boh DIM No 10.V...
last
5
5
NY
576 AlbanvCo
o/o-.Aioany
oo.,n. i
688.. Albemarle (N. C.) 8oh.
Z **
^^
\
6
J>l8t
74S.. Allegheny Co.,
Pa
3^
576..Amesville
Sch Dist
5
4
(O.)
688.. Atlantic City. N.J
576.. Ballard (Wash.) School
No. 5"
749. .Barberton, Ohio
749. Barberton, Ohio
749.. Barberton, Ohio
749..Biddeford. Me
Dist.
Amount.
Price.
1911
1902-1904
192Q
$26,600
9,000
70D
1»,000
21,000
100-59
100-366
100-71
101-15
102-10
1931
3,000
1902-1909
U921-1931
1902-1911
1931
414
1921
19021911
5
5
5
1902 1911
1902-1911
1902-1906
3
102-50
550,000 Jos-78
j
5,000 106
70,000 108-50
8,Oro 100
10.500 100-812
9.800 100-765
8,200 100521
50,000 100
628 .Billings (Mont.) Sohool
DNt
C88..BI01 msburg
4*2
(Pa.)
35,000
10217
48,000
13,500
42,000
15,000
15 000
101-111
102-15
Lit-
erary Institute
749. .Bradner. Ohio
628. .Butler (Pa.) Sch. Dlst..
576. .Cambridge, Ohio
4
5
3
749.. Chagrin Falls, Ohio
628. .Chariton Co., Mo
576.. Chickasaw Co , Miss.
628. .Cleveland. Ohio
628. Clinton, Mass
628. . Colerain Twp., Ohio
749..' ottage Grove, Ore
749..Crafton, Pa
688. .Dawbury, Conn
688..Dodd City (Tex.) 8ch.
Dint. No. 1M
4
1916
1902-1911
6
U903-1921
4,f>00
5
1921
1911
1902-1931
19j2-19i6
1921
1907-1931
1941
10,000
39,000
90,000
15,000
15,000
23.000
215,000
H906-1921
5,0C0
11911-1931
190 J -1921
U916-1931
4
4
3»a
4
5
4
8»a
6
;
100
102-266
81
i
100-548
lOo
105-90
102-035
628_.Elmlra. N Y
749..Epbrata(Pa.)8ch.Di8t.
74 9
Everett,
Maes
3ifi
1926
3L
H906-1921
t
1931
11911-1921
_>
577. .Erie. Pa.
628. Fillmore (N. Y.) School
4
Dist
8..Flndlay, Ohio
H88..Foxborough, Mass.....
74 9.. l-'rederloa (Del.) Sohool
D1st
57 7.. Fremont, Ohio
628..Gallatin, Tenn.(2ie'es)
577. .Gallatin Co. (Mont.)
Son Dist
4
4
628..GallaunCo,Mont
3^
1902-1911
1903-1907
6,000
7,000
5,000
577..Martln8burg, W. Va....
119211934
4
1906&1911
5
119 6-1916
4
11911-1921
4
U911-1921
630.
630.
750.
689.
520.
Massachusetts
.Mercer Co Ohio
Me.rrlHan, Wis
6
11906 1011
1902-1911
028. Gallatin
Co. (Mont.)
Sen Dist No.9
749.. Garorer. Mass
62n..Garretson, 8. Dak
629. .Glenwood. Minn
(88. .Hempstead. N. Y
"77. .Hopkins, Minn
577. .Houston.Tex. (3 issues)
6?». Irwin, Pa
6-9. .Jackson, Mich.
749..Janesville f WlB
519.. Kenton, Ohio
519 Kenton. Ohio
519. .Kenton, Ohio
1902-1909
*1907
(
00 103
20 000 102
\
10,000
14.
101-00
100-48
106-71
5,601 800
3 1*
,
Mill (Cal.) Ben. Dist....
.Monroe (Neb.) Sohool
Dlst. No. 76
578. .Mt Olive, viihb
578. .Mt Pleasant (Pa.) Soh.
521. .Sprint-field. Mass
521. .Springfield, Mass
521. .Springfield. Mass
750. .Stockton, Cal
690 Sussex Co.. Del
4
1902-1911
6
1902 1906
5
1911
102074
27,000
10,000
2.500
2,1
101
103
101-44
105
BO
2,000
1902-1928
1902 1916
4
5
14/00 114 07
1926
1902 1932
1902-1907
5
3*2
6
4 a
164,000 101-26
10.000 102 50
50,000 10»
250,000 100-75
99-24
75,000
101
6,000 100-10
20,000 104-77
73,000 100-25
5
1907
1911
1902-1931
5
3 1*
4
11911-1921
3
1921
1931
1921
3 1*
3^
•
19U2-1929
6
4
4
1911 1931
11911-1921
U902-1911
4
U90tS-1931
1921
1902-1911
1902-1926
1902 1941
1906-1922
Z*+
3*9
3 1*
4
4
100
110 726
101 625
4,0-JO
1
5
100-26
10,000
28,000
30,000
3»a
345
10tf-785
1,000 100
15,000 J10502
40,000 J02 63
1
4^>
102 156
30 0'
20,000
1921
11911 1921
6
6
107 288
200,000 102-50
3,000,000 103155
1926
1949
4
3 1*
00
28,000
3,300
10111
183,000
13.000 •100
6.000 100-05
114.001)
40,000
25,000
50,7(0
50,000
104-65
'
100
102-67
Tensas Basin(La) L'vee
751
6
5
5
Dist
751 Trpton
Co., Ind
690. .Topeka. Kan
751. .Tr y,N Y
690. .Troy, Ohio
3»a
4»u
4*g
522 Voorheesville, N. Y
691. Walla Walla O0.1 Wash.)
100
65,000
6,150
9,500
52.26 R
30,000
17,000
1903-1907
1902*1911
19061922
101-48
100-50
100-26
100
111
.
4
Sch. Dlst. No. 1
Washington
580. .Welna (N. Y.) Soh.
S^
691
1911
25.000 100128
45,000 100
1902-1920
1903-1917
9.500 100
15,000 102-333
1930
1931
1931
1905-1916
1903-1907
1903-1907
1903-1907
1903-1907
85 000 > 100125
86,000
25.000 106-30
1,200 100-583
12.000 107017
1,850 10588
1,600 103-03
2,(-90 104
2,410 104
2,090 104
16,500 10435
Dist.
3i«
No. 17
751. .WestMinneapolis.Minn
751 .White Plains, N. Y. (i
issues)
751. .White Plains, N. Y
691. .Wilson. N.O
751. .Wooster. Ohio..
691. .Youngstown, Ohio
691. .Youngstown, Ohio
691. .Young«town, Ohio
691. .Youngs'own, Ohio
691. Youngstown, Ohio...,.
691. .Youngstown, Ohio
751. Youngstown, O. (3is'es)
.
5
3^
3*s
5
4
5
5
5
S
5
5
5
1
19' 3-1907
1903-1907
1902-1906
Total (110 municipalities, covering 135
$13,376,856
separate Issues)
Aggregate of sales for which no price has
been reported (20 munioipalitleB, cover911,600
ing 20 separate issues)
Total bond sales for September 1901
§$14,288,456
* Average of dates of maturity.
1 Subjeot to caU In and after the
earUer year and mature in the later year. $ Not v Including $295,174
of temporary loans reported and which do not belong In the list.
other con1 And
H Taken by sinking fund as an Investment.
siderations.
Id the
10075
30,000 :i00-25
30,000 loO
1
(4Vi0O
101-07
5.000 100
20,(00 103-30
6,000 100 366
100-72
107-60
10148
of
4
4
H911-1P21
4.000
102
101
100
105-437
102-25
100033
IO266
)GV22
10223
28,0(0 10607
16,0"0 102 57
6 000 101
18.0
lla-65
70,000 105-25
10079
19,000
*,000
3,000
749...Duquesne (Pa.) Sohool
Dist
6, »(io
1902-1911
1902-1917
1903 1912
,
Maturity.
H906I921
103 20
100
114
100-987
.
Rate.
4
$3.0(0
280,000
3.600
1,000
2,00
24,000
.
Page
Location.
688. .Akron, Ohio
688. .Akron, Ohio
688. .Akron, Ohio
1021
11911-1921
Price.
11909-1921
19l5-i»16
1903-1910
ft
i
September Bond Bales.
Amount.
577.. Llndale (Tex. (8ch Dist 6
689.. London, Ohio
6
629.. Lorain, Ohio
4
630.. Lyons Falls (N. Y.)8oh.
Dist
413
750.. MoClure, Ohio
5
520.. Marathon <N. Y.) Soh.
UlHt. No. 8
4
620. Marlon Co., Ohio
5
July compelled that State
to re-offer a large part of the bonds as 3£ per cents,
Dist
and these bonds, amounting to $5,601,800 (sold on
520 Mt. Vernon, Ohio
September 17), go to swell the total. To this add the 520. .Nashville, Tenn. (2 Issues)
three millions of New York City bonds sold on Sept- 630. .New York City
689. .North Bergen (N. J.)
ember 16, and the exceptional aggregate is largely
Sch Dlst
750. .Northfleld. Mass
accounted for.
oao. .Ob-rlin, Ohio
630 .Okanogan Co. (Wash.)
The number of municipalities emitting bonds and
Soh. Di*t. No. 3
689. .Otero Co., N Mex
the number of separate issues made during Septem- 578. .Ottawa, Kan
Co., Ohio (5
ber 1901 were 130 and 155, respectively. This con- 689. .Paulding
isfiies)
750. Perth Amboy, N J
trasts with 169 and 210 for August 1901, and with 750
Pon iao(Mloh )Soh Die.
689. Poughfteepsie. N. Y
134 and 165 for September 1900.
579. .Powell Co., Mont
In the following table we give the prices which were 689. .Rockingham Co., N. H
paid for September loans to the amount of $13,376,856, 689. .Rutland, Vt
631. .St. Joseph. Mo
Joseph (Mo.) Sohool
Issued by 110 municipalities.
The aggregate of sales 750. .St.Dist
for which no price has been reported is $91 1 600, and 521. .Saugerties. N. Y
579. Scotland Co N. C
the total bond sales for the month $14,2«8,45G.
In 631. .Bhepherdstown, W. Va.
690. .Spokane Co.. Wash
the case of each loan reference is made to the page of 6dl. .Spokane Co. (Wash.)
Sch. Dist. No. 34
the Chronicle where a full account of sale is given.
579. .South Forks. Pa
to sell 3 per cent
MalurUy.
Chronicle
of Sept. 7, 1901,
page 518, a
list
sales amounting to $15,244,830
Since the publication of that statement
August bond
will
be found.
we have received the following additional reports.
Additional August Bokd Sales.
Amount Price
Maturity.
Rate.
Location.
Page.
$75,000 101-666
1931
ft
629. Greenville. N. C
24/00 10')
1911
577..Hillsboro, Ore
5
.
3^
5
4*3
3>a
5
5
4*9
3>s
4
4
4
4
1921
1921
1906-1925
1903-1917
1941
1911-1929
1917
1902 1920
1902-1911
1902-1906
1902-1906
1,030,100
20.000
5.900
15,000
50.' 0"
15.000
350,000
50.000
15,000
>00 625
102-50
103
100
102-333
107 143
106*55
102-10
65,000 ^"{j^f
13,000 101 346
1,500 10-466
1,050 100-476
.
580..8wissvaie (Pa.) Soh.Dis
580..Watkins, N. Y
4
631 .Zanesville, O. (7l88ues)
5
4
1904 1925
1903-1912
lb02-1906
56,000
2>
.000
10,060
1(1-812
103 75
103-508
..$185,560
These additional loans will make the total sales
(not including temporary loans) as reported for August 1901
amount
to $15,430,390.
OOTOBBB
5,
THE CHRONICLE.
1901.
Bond Proposals and Negotiations
week have been as follows
Ada I'. unity (Idaho) School
this
:
District No. IS.— Bond Sale.
10-year bond was awarded to
September 28 the $6'
Charles D. Bibb of Lewiston at 102.
Akron, Ohio. —Bond Offering.— The Committee on Finance
of tne City Council will sell at 10 a. m. October 12 $168,000
Securities are in denomination of $1,000,
4r funding bonds.
H
—On
dated Oct. 12, 1901. Interest will be payable semi-annually
Principal will mature
at tbe Akron Trust Co. of Akron.
$10,000 yearly from 1905 to 1919, inclusive, aud $IM,000 in
1920
Cash is to be paid for the bonds by the purchaser on
of phIh
t^iM <1mv
Allegan, Mich.— Bond Offering.— Bids for the $15 000 4*
water bonds described in last week's Chroniclk will be received until October 15 by Charles F. Davison, Village Clerk.
Allegheny, Pa.— Bond Offtring.— Attention is called elsewhere among the advertisements in this Department to the
offering for sale on October 7 of $1,098,000 $%% bonds. Pro
posals for these securities will be received until 3 p. m on
that day by James Brown, City Comptroller. In tbe Chronicle last week, on page 688, we gave a full description of the
bonds, except the dates of maturity, of $335,000 street-im
provement bonds and $50,000 sewer bonds. The former iesue
will be payable $11,000 yearly for twenty five years and
$12,000 yearly for the five years thereafter. The sewer bonds
will mature $1,000 yearly for ten years and $2,000 each year
for t enty years thereafter.
<
749
College Hill, Pa.— Bond Salr l Jo»t)>one I.— We are a ivised
that ihe time until which bids will be received for the $10,500 4% electric-light bondB has teen again extended, n tim
present occasion until Oct. 8. 1901. For description of l» jnda
Chronicle Aug. 24, p. 407.
Collage Grove, Ore.— Hand Sale.— On Septnut'. r 28 the
$15,000 5* 20 year gold bonds were awardtd to Morris &
Whitehead, Portland, at 102 66 and blank bond*, For description of bonds see Chroniclk Sept. 21, p.
Craltou, Pa.— Bond Sale.— Oa September 17 the $2:<.000 4%
bonds described in the Chronicle September 11. p. 576, were
see
sold at 105-22.
l)uquesne( Pa.) School District.- Bond Sale. — The Pittsburg "Gazette" reports the sale of $28,010 school-building
bonds at a premium of $1,700.
Kplirata(Pa.) School District.— Bond Sale.— (Ja S ptember 30 the $6,000 Z%% 5-20-year (optional) refunding -oiids
were awarded to 1< cal parties at 101. For description of
bonds see Chronicle Sept. 21, p. 628.
Everett,
Mass.— Bona
Sale.
— An
issue of $18,000
4<t
3 (-year
bonds has been sold to Adams & Co., Boston, at 1 13 65.
Frederica( Del.) School District. Bond Sale.— On Sept
ember 30 an iesue of $5,000 4% bonds was awarded to iue
First National Bank of Milford at par. Securities are in
denomination of $100 and will mature two bond-i yearly; all
bonds, however, are subject to call after one year.
Gallatin Comity, Mont.— Bond Sale.— Anjissue of $31,000
4% 10-80 year (optional) refunding bonds of this county has
been sold to the State of Montana, according to reports. This
sale is in addition to the $30,000 4%
10-20-year (optional) re-
funding bonds awarded on September 16 to N. W. Harris &
Co., Chicago, and recorded in the Chronicle of Sept. 21.
Gardner, Ma*s.— Note Sale.— On September 30 tbe $20 000
3%% 1-10-year (serial) school-house notes were awarded to
the Gardner Savings Bank at 100-625. For description of
Allegheny County, Pa.— Bond Sale.— On September 30 the
$550 000 '6%<i 20-30 year (optional) road bonds were awarded,
$100,000 to the Marine National Bink at 104-41, and the re
securities see Chronicle S^pt. 28 p. 688.
niaimng $45 »,000 to the Fidelity Title &Tiust Co. and C. R.
Greenville (Ohio) School District.— Bond Offering.— ¥ toWiliiams & Co., Pittsburg, at 103-78. For description of
posals will be received until 12:30 P. M., Octoi er 19, by the
bones see Chronicle Sept. 21, p. 628.
Board of Education— Geo. W. Mannix Jr., Clerk -for $2, COO
Allentown, Pa.— vond Sale.— Oa October 1 the $100,000 6? 5-year school bonds. Securities are in denomination of
ZV2 % 5 30 year (optional) improvement bonds dated July 1, $500 and the interest will be payable semi-annually. A cer1901, were awarded $3,600 to local investors at 103-18 and
tified check for $100 must accompany proposals
interest, and the remaining $96,400 to Edward Harvey of
Hoboken, N. J.— Bond Sale.— The $196,000 %%<l 30 year reAllentown at 102 and interest. The other bids received were
funding bonds offered for sale on September 25 were awarded
a^ follows
on Octorer 2 to Jno. D. Everitt & Co., New York City, at
101-2(5
Second National Bank
Dick Bros. & Co., Philadelphia. 100006
Allentown National Hank.
..10C131 Ueuisou, Prior A Co., Boston. .100*3,53 the prices mentioned in last week's Chronicle.
Cyrus Pierce A Co.,l*hiladelpb|al0r00
Bond Issue— We are advised that on
11 (itch in son, Kan.
For description of bonds see Chronicle Sept. 28. p. 688.
October 1 $33,000 4%% refunding bonds were issued to L. A.
Asbury Park, N. J.— Bond Offering.— Proposals will be re- Bigger of Hutchinson. Under a contract with the city. Mr.
ceived until 12 M
October 7, by the Finance Committee, Bigger has until November, 19(2, to effect a reiundii g of the
care of Wm. C. Burroughs, City Clerk, for $18,000 4% 30 year eniire indebtedness of tbe city of $188 000. Up to date, bebonds issued for library purposes. Securities are in denom- sides the $83,000 mentioned above, $62,000 4%% and $i 5,000
inati. n of $500, dated Nov. 1, 1901.
Interest will be payable 5% refunding bonds have been issued.
Bemi-annmally.
Hjde Park, Mans.— Bond Offering.— Proposals will be reBar berton, Ohio.— Bond Sales.— On September 30 the $10,- ceived until 8 P. M., October 8, by Henry S. Burton, Town
500 5% Tusi atawas Avenue paving, the $9,80J 5f,' sewer and Treasurer, for $60,000 4% 1 20 year (serial) high-s-cho
riddthe $-t,200 5% Second Street bonds were awarded to Seasongooa ing bonds and $17,000 4% 1 17-year (serial) school buiMing
& M.jer. Cincinnati, at 100 8i2, 100*765 and 100-521, respec- bonds. Securities are in denomination of $1,000. dated July
tively.
Following are the bids
Interest will be payable semiannually. The valid1, 1901.
$10,500
$9,800
$8,200
Fm all ity of these bonds bas been passed upon by Messrs. Storey,
Bom
Bin
Bond*.
Isues.
Thorndike & Palmtr of Boston.
Se.vuiiKood
Mayer, Cincln
$lo 5-> 25
V*,*7b llO
$*,<!» 2 :5
MM)
W.K.Todd Co, Cincinnati
10,715 00
1",
8.37(1 00
Janesville, Wis.— Bond Sale.—Oa September 30 $65 W0 4%
State Savi K8 Bank
H.M7 50
10,6
8.235
Filer lloizui in i. Co.. Ctnoiri ... 10,654 00
bonds issued for the purchase of a site for a library and nty
".•US 00
8,«86
New Kirs- > at. Mann, Columbus
$28,604 50
hall were all taken by local investors at prices ranging from
Oetiison, Prior A Co. U»r Us)
10,8»3 75
10,1 70 00
8.510 00
100-484 to 106*71. Securities are in denomination or $5'i0.
For description of bonds see Chronicle Sept. 21, p 028,
dated Oct. 1, 1901. Principal will mature yearly on Nov. 1.
Sept 14, p. 576.
$3 000 trom 19U2 to 1904, inclusive, and $3,500 yearly from
Be.kvei nead County (Mont.) Free High School District.Bouos Reauarded.—We are advised tuat the <3> »00 4* 5-20- 1906 to 1920. inclusive.
Laramie County, Wjo.— Bond Sale. — On Septemher 27 the
year (op'ioual) bonds awarded on June 5 to Duke M. Farson
Roard of County Commissioners accepted the offer of E D.
& Co., Chicago, have been refused by that firm and the bonds Shepard
& Co., New York City, to exchange |280,«i00
re awarded to Farson, Leach & Co., Chicago, at par.
The
bonds of this county for new refunding 4 per ceots
Belleville School District No. 4, ST. Clair Comity, 111.exchange is to le made on Novemoer 15 the dote of the
:
.
,
>1
1
:
<fc
1
1
»,<
—Bond
Offering.— Proposals will be received until 7pm..
Octobt-r 81, by A. M. Wolleson, Secretary of the Boaid of
Education, for $8,000 4% 10 20-year (optional) coupon bonds.
Securities are in denomination of $5u0 dated Sept. 20, 1901.
Interest will be payable semianijuallv.
certified check
for 6$, payable to Sam. C. Crouch, Township Treasurer,
drav n on a Belleville cr a St. Louis bank, must accompany
propo.-als. Accrued interest is to be paid by purchaser. This
district includes within its confines the entire city of Belleville and a part of the surrounding country.
Biudeford, Me.— Bond Sale. We are advised that the
$50,0' <i a, 1 5 year (serial) bonds mentioned in the Chronicle
Sept. 2 are to be taken at par by the parties holding old 4%
demaod notes in exchange for their holdings.
Bradner, Ohio.—Bond bale.— On September 28 the $13,500
5% electric-light bonds were awarded to Spitzer
Co Toledo, at 102-15, accrued interest and blank bonds. Following
are the bic's
A
—
&
Spiuer \
(
o.,
$13,790 00
*
First Nat. Bank. Barnesvllle. $13,776
Mechanics' Banking Co
13.776
Seasomiood a Maver I'm
13,644
State Sav. Bank. Toledo
13,6u4
Co., Oleve.. I4,4t0 oo
P. S. B. iKtt* & Co., Cincln.. .. 14,315 00
W. J. Haves & Sons. Cleve... 14,202 0j
For description
00
00
60
10
bonds see Chronicle Sept. 7, p. 518.
Chiigrln Falls, Ohio.— Bond sale.— Ou September 18 the
$15,0n0 4% street-improvement botds were awarded to the
Chagrin Falls Banking Co. at 100-81, accrued interest and
blank honds free of charge. Following are the bids
of
:
Chacriu Kalis BanklngCo. ...$15,121 60
P. S. Bribes & Co..Clncin_. .$16.000
& Co.. Cleve.. 15,t2o76
For description of bonds see Chronicle Aug. 24, p, 406.
Dblh>uij, Prior
<
the notice of pale ot $400,000 refunding bends, tbe substance
which was given in the Chronicle Aug 10. on pa-' 805
Lestershire (N. Y.) School District No 5. t onds Heauarded.—The $lu,00o school bonds awarded on July 23 to
Isaac W. Sherrill of Pougbkeepsie have been re-awarded to
M. A. Stein of New York C'ty
Lincoln County (Wash.) School District No. 105— B ni
of
Sale.— On September
21 $3,600 10 2 )-year (optional) bonds
were awarded to Thompson, Tenney & Crawford Co., Chicago, at 100 72, accrued interest and blauk bo< ds free of
charge for 5 per cent securities. Following are the bi
I
I
00
For6>*%
For 6* Bond*.
Thompson, Tenney a Crawford Co., Chicago
Spokane & Eastern Tr.
Spokane
'13,626
And blank
bonds,
i
tfotifti
W. D. Perkins A Co., Seaitle.*$s.«15 0O
00 Vermont L. A Tr Co.. Snuk-ne'3.600 oo
fiord* li'tuu.
Co.,
+3.610 00
H.E.Noble. Portltnd
(
*
Toledo
oeuisou. Prior
,
new bonds. We are advised that the bid f tbe New York
bonse was the only one which complied with the terms of
has.
11.
Cofflo,
Chicago
M.dS.too
3.637 00
Bid based on 10-year bonds.
Lima, Ohio.— Bond Offering.— Proposals will be received
until 12 m., Ootober 21, by C. E. Lynch, City Clerk, for the
following bonds
:
$7,063 Sh SMi West Hlch Street pavlnjr bonds.
2,014 94 West Wayne Street pavlnu bonds.
2.166 19 4* Buckeye and Cherry Alley paving bond*.
Securities are date! Oct 15, 1901, an 1 will mature one tenth
of each issue yearly on January 1 from 1002 to 1911. inclu-tve.
Interest will be payable annually at the office of the City
certified check for 5% of the amount of bonds
Treasurer.
bid for, payable to the City Clerk, must accompany propo-
A
THE CHRONICLE.
750
Perth A m boy, N. J.— Bond Sale.— On September 10 an
iasue of $10,000 i%% 6-year assessment bonds was sold at private sale to the Perth Amboy SavinRB Institution at 103 50.
Accrued interest ia to be paid by purchaser. Bids
mnst be made on blank forms furnished by the city.
McClnre, Ohio.— Bond Sate.— On September 16 the $3,000
5% 2-11-year (serial) street- improvement bonds were awarded
to the State Savings Bank of Toledo at 10225 and accrued interest.
For description of bonds see Chronicle August 24,
sals.
p. 408.
M url In,
Pontfac(Mich.) Union School District.— Bond Sale,— On
September 30 the $50,000 K% 10 year bonds were awarded to
E. H. Rollins & Sons, Boston, at 109. For description of
bonds see Chronicle 8ept. 21, p 630.
Robertson County, Texas. Bonds Approved.—The Atterney-General has approved an iesue of $io,0C0 bridge bonds
—
Texas.— Bond Election. An election will be held
October 8 to vote on the question of issuing $20,000 school
and $18,000 water 5% 5-40 year (optional) bonds.
Merrillan, Wis.— Bond Sale.— It is stated that the $10,000
water works and electric-light bonds mentioned in the
Chronicle Aug. 17 have been sold to Farson, Leach & Co.,
of this county.
Rochester, N. Y. Loan Negotiated.— This city has sold
$155,000 city notes to the Genesee Valley Trust Co. at 4-75*.
Roswell, N. Mex.— Bond Offering.— Proposals will be received until 3 p. jr., October »1, bv John W. Poe, Chairman
of the Board of Trustees, for $35,000 8£ gold fewer bonds.
Securities are in denomination of $500, dated Oct. 10, 1901.
Interest will be payable January 10 and July 10 at the Western National Bank of New York City. Principal will mature in thirty years, subject to call after twenty years.
Bonds were voted at an election held September 17 and are
issued under Chapter 33, Laws of lfiOl.
Chicago, at 101.
New Baden
(111.) School Dlstrict.-Bond Offering.— This
has decided to issue $2,700 school-building bonds.
Proposals for these bonds will be received until 7 p. m. October 10. Interest will be at the rate of 5g, payable annually
at the Bank of New Baden. Principal will mature in ten
district
years, subject to call after
two
years.
Bedford, Mass.— Temporary Loan,— A temporary
loan of $200,000 has been authoiized in anticipation of the
New
Joseph (Mo.) School District.— Bond Sale.— On Sept19 $10,000 3%% bonds were awarded to the First National Bank of Buchanan County, St. Joseph, at 1C0 26.
Salem, Ore. No Bonds to be issued. We are advised that
the $30,000 4% refunding bridge bonds mentioned in the
Chronicle August 24 will not be issued, as " apparently the
city has no authority to make a new loan for this purpose."
Sandusky. Ohio.— Bond Offering.—The City Council has
authorized the issuance of $12,000 4t 12-year refunding paving bonds. Securities are in denomination of $1,000, dated
Sept. 1, 1901. Interest will be payable semi-annually at the
office of the City Treasurer.
Proposals for these bonds will
be received until 12 m., October 19, by Alex. M. Wagner, City
Clerk. A certified check for $1,000, payable to the City
St.
ember
collection of taxes.
Newton County (P. 0. Kertland), Ind.— Bond Offeing.—
Proposals will be received until 1 p. m., October 7, by Frank
M. Coovert, County Treasurer, for $44,800 4%% Iroquois
Township stone- road bonds. Securities are in denomination
of $1,120, dated Oct. 7, 1901. Interest will be payable semiannually at the Discount & Deposit Bank of Kentland. Principal will mature one bond each six months from May 15,
1902, to Nov. 15, 1921, inclusive. A certified check on some
national bank for $1,500 must accompany proposals.
Niagara Falls, N. Y.— Bond Sate.— This city has sold an
issue of $2,000 4% scbool redemption bonds, maturing Oct. 1,
1921, to Geo. M. Hahn, New York, at 10529.
North field, Mass.— Bend Sale.— On September 27 the $30,000 Z%% bridge bonds were awarded to Estabrook & Co.,
Boston, at 102-156— an interest basis of about 3-346$. Following are the bids
101-388
Kstabrook & Co., Boston
102 166 M. F. Skinner & Co
101-27
Blodget, Merrill & Co., Boston. 10166
Parkinson & Burr. Boston
—
must accompany proposals.
Snohomish Conntv, Wash.— Bids Rejected.— Three
Clerk,
-
of
NEW
bonds see Chronicle Sept.
14, p. 578.
NEW
LOANS.
$1,098,000
CITY
LOANS.
WE OWN AND OFFER
Redemption Sewerage Bonds.
Office op the Comptroller.
The undersigned will receive sealed proposals
until 12 o'clock noon, Tuesday, October 15th. 19ul,
for the following loan:
$25,000 Redemption Sewerage Twenty- year Bonds.
M
,
wherever purchaser may select.
Said bonds are classified and
will
mature as
lows:
WATER
be for $i,' 00 each, dated November 1st, 1901, bearing interest at the rate of 3*4 per
cent per annum, payable semi-annually in May and
November. Principal and interest payable in gold
at the office of the City Treasurer.
Bids must provide for the payment of accrued
interest from date of bonds to date of delivery.
A certified check for five per cent of the face
value of bonds bid for must be deposited by bidders.
The right is reserved to reject any and all bids.
These bonds
BONDS.—$430,000 payable $14,000 each
year for the first twenty years, and $15,000 each
year for ten years thereafter.
STREET 1MPKOVEMENT BONDS. -$335,000;
payable $ll.i 00 each year for the trst twenty-five
years, and $12,000 each year for five years there-
BISHOP,
ELECTBIC LIGHT
BONDS.-$100,000; payable
$3,000 eacb year foT the first twenty *years, and
BONDS. -
delivery.
The right is reserved to reject any and all bids.
All proposals must be endorsed " Proposals for
City of Allegheny Bonds " and addressed to
JAMES BROWN,
5% Bonds.
Send for descriptive
Niver
Co.,
CHICAGO,
Bank B'ld'g.
National
MUNICIPAL and
BONDS
CORPORATION
Netting from
3% to
6£ always on hand.
DUKE M. FARSON &CO.
115 Dearborn St, CHICAGO.
MUNICIPAL
AND
Public
Service
ATTRACTIVE BONDS
Yielding from S to 6% net.
VERMONT BONDS A SPECIALTY.
HARRY B. POWELL dc CO.,
E. H.
Lewistowu Township, Fulton County.
4s.
lief
111.,
Omaha, Neb., School
Peoria. 111. Park District
Grenada County, Miss.. Bridge
4s.
3 J<s>
.
.... 4J^s.
30,000
15,000 Emporia, Kans.. School
15,000 Itasca County, Minn. Bridge
4s.
5s.
,
15,000
Township, Charlevoix County, Mich..
Road and Bridge
12.000 University Place, Neb.,
7,500 Clinton, Ind.. School
Harlem. Cook County.
7,000 Boone, Iowa, School
5,000 Sparta, Ills., Impt
4,500
Ref
Ills.,
5s.
School
4s.
4s.
4}£s
MacDonald, McCoy
Municipal
&
and Corporation
New York
1T1 La
4448.
*Ms.
Descriptive Circular on Re«.ue».
.
Co.,
Bonds,
Life BuildlnSalle Street,
CHICAGO.
Long Distance Telephone, Central 575.
Corporation
ROLLINS & SONS
BOSTON.
Denver.
75.000.
Investment Securities
BONDS.
8TATE. CITY & RAILROAD BONDS.
Woodstock, Veraonl.
ALSO
$35,000
Circulars.
Congress Street, Boston.
New York.
City, Trustee.
live
'
Co.,
BANKERS.
19 Wall Street,
New York
35,000
Municipal and Corporation Bonds,
1st
Iuue $730,000
CENTRAL TRUST COMPANY,
37,000
circular.
Send for our Investment
&
(Entire
the Company are
times the interest charge on the
8750,000 Prior Lien 5% Gold Bonds.
8100,000
&
GOLD BONDS-
Tbe net earnings of
CIT Ir OF BL00MINGT0N, IND.
Gas, Electric Light & Heating Co.
Trowbridge
5$8
FIRST MORTGAGE
•
City Comptroller.
Blodget, Merritt
PRIOR LIEN
over
$60,000;
payable $1,000 eacb year for the first ten yeirs, and
$2,000 each year for twenty years thereafter.
CITY HOME BONDS — *10<\t 00; payable $3,000
each year for the first twenty years, and $4,000 each
year for ten years thereafter.
PUBLIC! SAFETY BONDS — $83.000; payable
$2,010 each year for the first seven years, and $8,t00
each year for twenty-three years thereafter.
A check certified by any national bank in the sum
of Ten 'thousand ($10,000) Dollars, payable to the
order of the City of Allegheny, must accompany
each proposal In case of award said deposit will,
at the time of delivery of bonds, be credited in
paymeat of bonds purchased. Checks will be returned to unsuccessful bidders. Purchaser must
pay lo the City accrued interest on bonds to date of
Lake City and Ogdeu, Utah
Population of the territory served,
Stamford National Bank,
Stamford, Conn.
$4,000 each year for ten years thereafter.
SEWER IMPROVEMENT
(Salt
City Treasurer.
:
after.
UTAH LIGHT &
POWER COMPANY
will
L. C.
Office
fol-
$300,000
CITY OF STAMFORD, CONN.,
BONDS.
City of Allegheny, Pa., Sept. 24, 1801.
Sealed proposals will be received at this office
until 3 o'clock P.
Monday. October 7th, 1901,
for the purchase of the whole or any part of One
Million Ninety-eight Thousand <$l,09s,000) Dollars,
bonds of the City of Allegheny, Pa.
Said bonds will be dated Oc'ober 1st, 1901, and
will bear interest at three and one-half per cent
(3}#S) ner annum.
They will be registered and in
denominations of $1,000 each or a multiple thereof.
The lDterest is payable semi-annually on the tirst
days of October and April of each year, at the office
of the Compiroller in the City of Allegheny, Pa., or
by check mailed to the registered holder thereof,
16
INVESTMENTS.
H25.000
ALLEGHENY
OF
bit's
were received on September 23 for the $150,000 10-20-year
(optional) funding bonds.
The bids were rejected by an
unanimous vote of the Board of County Commissioners.
Stockton, Cal.— .Pond Sa/e.- On September 10 $50,700 of
the $52,000 4% 1-40-year (serial) gold sewer bonds mentioned
:
For description
[Vol. LXXfll.
San FrancUco.
FOR
8AVIKGS BANKS and TRUST FUH08
BONDS A SPECIALTY.
EDW. C. JONE8 4k CO..
5*
NSW YORK,
PHILA..
-
.
-
-
NA88AU STRBITI
1
112 SO.
FOURTH
«T.
OCTOBER
5,
THE CHRONICLE.
1901.]
Chronicle July 20 were sold at private sale to Robert
Effey of San Francisco at par. Secnriiies are in denominations of $550 and |750, dated Sept. 10, 1901. Interest will be
payable femi annually at the office of the City Treasurer.
Tensas Basin (La.) Levee District.— Bond Sale.— We
stated in the Chronicle September 21 that an issue of $85,000 bonds had been sold to the Louisiana State Bank of
Baton Rouge. These bonds are dated Sept. 15, 1901, and
were sold at par. Interest will be payable annually at the
Principal will mature in
office of the State Treasurer.
twenty years, subject to call after ten years. The purchaser,
however, gives the district the right to redeem $18,000 of the
bonds on May 1, 1902, and a like amount on May 1 of the years
1903. 1904, 1905 and 190tt, the option to become void unless
taken advantage of on the dates mentioned.
Texas.— Legislature Adjourns.—The State Legislature
in the
Detroit Savings
Oct. 1, 1921.
751
Bank
in
Detroit.
Principal will
mature
West Homestead, Va.— Bonds to be lamed.— It is stated
that an issue of $50,000 building and sewer bonds will be
made by
this
borough.
Vfeit Minneapolis, Hennepin Count), ftlnu.— Bond Sale.
September 3 the $15,000 6;' 2-16->< ar i^-rial) gold bonds
Co., Minneapolis, at 103. 33U.
were awarded to Kane
For description of bonds see Chronicle Ang. 17, p, K9.
—On
&
Wejanwega (Wis.) Joint School District No. 1.— Bimd
Sale.— On October 1 the $20,000 4;. bonds were awarded at
101-25.
For description of securities see Chronicle Aug.
L!4,
p. 411.
1, 1901.
White Plains (Village), N. Y.—Bond Sale.— On September
30 the $75,000 3j£* 29 year macadamizing, the $10,000
29-year sewer and" the $S6,000 'A]A4, 30-year water t>onds were
awarded to O'Connor & Kataler, New York, at 100*125 and
Following are the bids
interest.
Tipton County, Ind.-Bond Sale.— On September 25 $6,150
5% gravel-road bonds were awarded to the State Bank of Tip-
O'Connor A Kahler. New York. 100-126
10008
Mason. Lewis* Co., Boston
which convened
in special eession
on Aug. 6 adjourned Oct.
3^
:
Following are the bids
16,241 J. V. Wild 4 Co., Indianapolis.. t6,22f>
Bask of Tipton
Securities are in denomination of $1,025, dated Oct. 5, 1901.
Interest will be payable semi-annually. Principal will mature one bond yearly on October 5 from 1903 to 1907, inclusive, except in the year 1906, when two bonds will mature.
Troy, N. Y.— Bond Sale.-On September 26 $52,266 57 3V£<
Jennison, New
school bonds were awarded to Dunscomb
York, at 100'G2 and accrued interest. Securities are dated
Sept. 26, 1901, and will mature yearly on September 26 as
follows
$5,000 in each of the years 1902, 1904, 1905, 1906,
1907, 1908, 1909 and 1910, $4,800 in 1903 and $7,466 57 in 1911.
Interest will be payable in March and September.
Urich, Mo.— Bond Offering. Proposals will be received
5-20-year (optional) bonds. Seuntil October 7 for $1 200
curities were voted at the election held August 26. They are
in denomination of $100, dated Oct. 1, 1901. Interest will be
payable semi-annually. J, A. Overbey is Mayor.
West Bay City, Mich.— Bond Sale.— An issue of 512,000 i%
refunding school bonds has been sold to H. W. Noble
Co.,
Detroit.
Securities are in denomination of $1,000, dated
Oct. 1, 1901. Interest will be payable semi-annually at the
ton at 101-48.
:
Statt>
I
&
:
—
H
&
BONDS:
WE OFFER
1
N. T. Office.
I
Fertilizer Co. Pref. Htock.
IndtanapolU Fire Ins. Co. Stock, Price 130.
Ind. Title Guar.
Loan Co. Stock, " 93.
••
Colombia National Bank Stock,
105.
" 104.
H. P. WaMon Prel. Stock,
•rice and particulars upon application.
&
WILD &
INDIANAPO LIS. IND.
Wooster, Ohio.— Bond Sale.— Following are the bids received September 27 for $1,200 1% sewer bonds
:
A local
Street,
Naugatuck, Conn.,
8END FOR
BOSTON.
MUNICIPAL
4s,
&
NEW YORK
Co.
171
CHICAGO.
F.
W.
00 Devonshire
CHICA GO.
October Investments.
MUNICIPAL, RAILROAB AND CORPORATION
BONDS.
CO.,
NEW YORK.
Perry, Coffin
&
Burr,
INVESTMENT BONDS.
60 State Street,
MUNICIPAL BONDS.
E. C.
121
STANWOOD &
Co.,
BANKERS,
Devonshire Street
B08TON.
T. B. POTTER,
MUNICIPAL and BUNU&,
orikinc
CORPORATION
172 Washington Street,
Mayer, The School
Corner Third and Walnut Streets,
CINCINNATI, OHIO.
MUNICIPAL BONDS.
Hlitn-Orade
City, County,
SEND FOR LIST
BOSTON.
St.
"
BONDS.
v,,li-"*«
&
Quotations furnished for purchase, tale or exchange.
Street, Chicago.
la 8alle street,
171
BOSTON,
Railway and Gas Companies.
LIST ON APPLICATION.
Seasongood
S.
BOSTON.
In municipal,
FARSON, LEACH &
R.FULTON & CO.,
Choice Issues.
Street
NEW YORK.
AND CORPORATION
CHICAGO.
La Salle
BANKERS,
MUNICIPAL
RAILROAD
CORPORATION
Co.,
Municipal Bonds,
CITY.
MASON, LEWIS & CO.
Hsnadnock Building,
BANKERS.
31 NASSAU ST.,
CHICAGO.
Deal exclusively
BONDS.
Rudolph Kleybolte
ST..
&
4s,
Britain, Conn., S^s,
State ot Mont., (Normal School) 5s.
NASSAU
N.
JMNVESTMI^TS^
W. HARRIS & CO.,
LIST.
CLEVELAND.
New
1
00
Railroad and oilier bonds adapted
for trust funds and savings.
1442 Broad-Exchansre Bid?.
188 US TRAVELERS' LETTERS OF CREDIT
A VAIL ABLE IN ALL PARTS OF TSE WORLD.
INVESTMENT BONDS.
Cleveland, Ohio, 4^8,
Gallia County, Ohio, 5s,
Indianapolis, Ind., 3*48,
BiIkmA Co., Cincinnati.. $1,201
A
CO., DENISON, PRIOR & CO.
4s,
P. 8.
—
MacDonald, McCoy
Butler County, Ohio,
|
Securities are in denomination of $100, dated Oct. 1, 1901.
Interest will be payable semi-annually at the office of the
City Treasurer. Principal will mature $100 yearly on October 1 from 1905 to 1916, inclusive.
Yonkers, N. Y.— Bond Offering. Proposals will be received until 4 p. M., October 9, by Leslie Sutherland, Mayor,
Securities are dated Oct.
for $37,000 4# assessment bonds.
15, 1901, and will mature Feb. 1, 1908.
Yonngstown, Ohio.— Bonds Aioirded.— The $2,800 Wick
Avenue, the $7,700 Central Square and the $6,000 Market
Street bonds, bids for which were received on August 26,
have been awarded to R. McCurdy of Youngstown.
full
list of the bids will be found in the Chronicle August 31.
October Investments.
Columbus, Ohio,
11,207 00
bidder
CHICAGO.
.-..
Raub
J. F.
ers.
238-240 La Salle
,
I
A Co., Cincinnati. .100-00
—
INVESTMENT SECURITIES.
$41,000 Newton County, Ind, 4^s.
SIO.OOO City ot Washington, Ind., Is.
S3.30U Pulaski County, Ind., (is.
81 -JO. OOO Marion County. Ind., 3^s.
•20,000 Decatur County. Ind 4&s.
SIO.OOO Scott County. Ind..
827. OOO Union Traction to. ot Ind., 5b.
S7.000 Warren Water Co., 6s.
Belt Hnl ron d Common Stock.
R. Kleybolte
|
For description of bonds see Chronicle Sept. 21, p. 681.
Woodson County, Kan. Bond Sale. It is stated that on
September 23 $27,000 bonds issued by Everet and Center
townships were sold to the State School Fund Commission-
INVESTMENTS.
Geo. D. Cook Company,
INVESTMENTS.
I
Town and
School Bonds
issued In leading prosperous States of the Union,
especially adapted for safe and permanent Utrestsnent for Bstates and Trust Funds.
•
ILLS.
of Commerce, CHICAGO,
ON
APPLICATION.
LIST
ACCOUNTS AND FINANCE
OF NEW YORK UNIVERSITY.
OPENS OCTOBER 1901.
For ANNOUNCEMENT containing all Informa- Outside Securities a Specialty
1,
tion send postal to " Registrar of tbe University
Washington Square, New York City."
DAVID PFEIFFER,
18
Wall St.
THK C'HKONICLF.
752
financial.
MUNICIPAL
RAILROAD
fftuanctal.
and
We Own
CORPORATION
BONDS
TO NET FROM *%% TO
6*.
OUKRE8POMDENCE SOLICITED.
WHITE &
C. H.
(Vol
CO.,
ffinnuchil
mid OOer
£1 00,000=$485,000
Mexican Government THE AUDIT COMPANY
OF NEW YORK.
Cold 5s of 1899
Specially
Secured
l«»lonn Receipt*.
»
BANKERS.
AGBNT8 FOR THK
ANOJ.O- AMERICAN BANK,
Ltd,.,
<
Audits and Appraisals with
162
A.
184 L.a Salle
New
Queen Bui/ding,
York.
18SO.
HEW
1901.
The United
States
J.
Life
Co.
OF HEW
CITY
YORK.
Geo. H. Btjrford, President.
FINANCE COMMITTEE:
Geo. G. Williams, prM ohem. Nat. Bank
.
J. Tucker,
Builder
E. H. Perkins Jr., Pr.imp.aTrad. Nat bh
James R. Plum,
Leather
.
John
....
Electric Railways, Electric
Power Plants
Electric
Designed and Built.
a
K3
• g
h
H
L
\
«fc
CO., Limited.
CHOICE OKLAHOMA
FIRST MORTGAGES
on Improved farms, worth from 2*8
HASKINS &
the
SELLS,
amount loaned
to 5 times
thereon,
Netting the investor
Certified Public Accountants,
BROAD
30
£64 Dearborn
CHICAGO,
St.,
6
NEW YORK.
ST.,
30 Coleman
LONDON,
ILL..
St.,
Bach of the securities has been personally ex
amlned by one of oar salaried examiners.
E. C,
Write for our latest offering.
WM. FRANKLIN HALL,
WINNE & WINNE,
Accountant,
BOSTON, Mi»h
53 State Street,
per cent Interest.
winne Building,
Wichita, Kansas.
Merit Urn
tW* paver.
Hooks audited. Examination* and Inrettign
tioni conducted with the utmost
care and efficiency.
THE AMERICAN
MANUFACTURING
COMPANY.
«f»
WHITE
Exchange Buiidirg
E
Light and
Financed,
ii a College Bill, Cannon Street.
M
?»; SPECIALTIES.
*'
OFFER,
SUBJECT TO PRIOR SALE
LONDON:
J. G.
thereby securing for themselves not only an
immediate return for their work, but also
an increasing annual income commensurate with their success, are invited to communicate with RICHARD E. COCHRAN,
Third Vice-President, at the Company's
Office, #77' Broadway, New York City.
n
WE
tutions and Investors.
and successful Agents who desire
make DIRECT CONTRACTS with this
tcell-establlshed and progressive Company
CORDAGE
CO.,
Properties for Financial Insti-
Active
TRANSMISSION ROPE.
CHICAGO.
YORK.
Electric Railway, Gas, Electric
Light, and Power Transmission
to
Aweti, over 8*.,000,i»00.
nanrance In Force, over 840.000.000
WHITE &
C.
H. Y. Life Building,
Engineers, Contractors,
29 BROADWAY, N. Y.
Investigations and Reports on
Insurance
THE
Certificates.
Chicago.
LAND COMPANY.
31 Niih«"U Street.
s
St.,
!«rre»pondence Solicited.
AMAL<JAI*IATEI>
IH
Co.,
.Mem bum New York and Chicago
Stock Exchange!,
WE DEAL. IN
Lands and Land Securities
OP ALL. STATES.
Wilson &
Otis,
Charing Cross, London.
TEXAS LANDS WANTED.
Physical and Accounting
Examinations.
Yield 5'I0 Per Cent.
New York.
71 Broadway,
LXXI1I.
.
NEW
WALX, 8TBEBT,
A KEISTER &
D.
wo
vnall
stkekt,
TURK.
Patterson, Teeie
SECURE BANK VAULTS
CO.,
Public accountants and Auditors,
new
&
york.
ASSETS
REALIZATION
Dennis,
Ashland Block, Chicago,
KKTIKIKII PUBLIC! ACJCOrNTA NT«
30 Broad Street,
New York.
<
THE GRAND PRIX
CO.,
142 So. Fourth
St., Philadelphia.
Will buy the assets of estates
in process of liquidation, any-
QENUINE
WELDED CHROME STEEL AND IE0/
dound and
Flat
where in the United
Bars and 6-ply Plates and Angle
FOR 8AFK8, VAULT8, Ac
Cannot be Sawed, Cut, or
drilled,
and
COURTLANDT B ABCOCK. RICHARD H. 8WARTW0UT
positively
Burglar Proof.
CHU.OM.E STEEL.
WORK*.
Kent Are. Keap and Hooper
8 -i»
Mdn'furdn the
D. 8.
Sti.,
BKIIOH1.VN N.%.
WA8 AWARDED AT THE PARIS EXPOSITION TO
WHITING'S STANDARD
Fred. H. Smith,
STOCK BROKER, 06 BROADWAY, N.Y.
Manhattan Life Insurance Building.
UNLISTED BONDS AND STOCKS,
whether Interest paying or defaulted, bought and
bow.
small investors.
Write or
C'ort.
ever received this— the highest nonor that can be
conferred.
It menus they are the most perfect
made Insist on having them for yuur one corres
pondence and your office stationery. Are you using
Whiting's Lnotier Papers tn you Blank-Book I
Samples and booklet free.
Courtlandt Babcock & Co
44 Pine Street, New York.
COMMERCIAL PAPER,
Collateral Loans,
And
150
holyoke, mass.,
Duane Street, New Yore.
HighHrade Bonds.
A. G. Becker
WHITING PAPER COMPANY,
call.
Established 186S.
PAPERS.
They are tne only American papers which have
Quotations furnished, also opportunities for
Tel.aasS
States.
1
6c
INCO&PORAT1D.
Co.,
I
COMMERCIAL- PAPER,
S.
W.
Cor.
Monro* * La
Salle Sti., Chicago,
@FedFRASER