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finanrtal
«w«S? V|ro ntrii
^upplemenl
Quotation
Street Railway Supplement
(Mont%)
Investors Supplement (Quarterly)
[Entered according to Aot of Congress, tn
VOL.
eta*
State and City
year 1901, ny the William B.
Daha Compart,
SATURDAY, SEPTEMBER
73.
(s^a^)
Supplement ^mjnm^
in the
offl oe
ot the Librarian ot Congress.]
NO. 1890
14, 1901.
w»tt- «ndint September
$tue ©ferowiclje.
1901.
PUBLISHED WEEKLY.
Terms of Subscription— Payable in Advance:
S 1? ®
For One-Year
6 00
For Six Months
13 00
European Subscription (lnolndinf? postage)
7 50
European Subscription Six Months (Including postage)
*2 14s.
Annual Subscription In London (lnoludlng postage)
Allls.
do.
do.
SlxMos.
do.
Above subscription includes
Thb Quotation supplement
THB INVESTORS' SUPPLEMENT
Terms
I
|
Btbbbt Railway Supplement
STATB AND CITY SUPPLEMENT
WILLIAM
It.
DANA COMPANY,
Publisher*,
NEW YORK.
Total
+85-4
+2H-3
Springfield, Ohio..
Canton
Jacksonville,
Salt
Lake
City.
Los Angeles...
St.
12,044.808 601
$1,812.964 371
+52 8
+3*6
—8-9
7.
at—
Seattle
Spokane
Tacoma
New York
Pittsburg
85 483 WOO
29 7*9.760
19 07(1.292
5.087 774
3.14O,*04
2,601 079
l.r66 9'2
964,78*
1,187.438
845.361
3-3 100
812,3*5
319,960
Va...
1
1900.
1901.
1899.
P. Otnt.
$
639.749,35'
+659
65 94 2*2
+80 1
24 5-<0 f>59
-Ml 4
18.936 495
+20 9
4,718 551
+7 4
<
$
866 529 471
7I.8S4 890
28 :<40.3i<6
16 904 921
4 309 334
1K81.167
+81
1
2 802.364
+8
2,191,441
1.51*6*8
921 580
858 H08
725 2-383- 500
287 614
+83
6
8
1
+8 6
+88
7
+16-6
-19
+8 7
256,86+8i-8
923 61' Not inclnde d in tot
73 ,P5D Not include d in tot
147 WHO 274
79') 47<i 6ft6
hi
•
856.440
5*8 742
854 814
887 381
749 901
828,200
260.000
•
670 077 648
52 8H3 99
1H.848 33H
',
271
3 7^1 678
1.798 795
IS,') 1-!
1
2 a 7 80J
881
4 '8
t'81
MM
676
291
29.1
6c*
WHO <HH "6
48.171-
Not laolude
171.911.571
20,848 582
28.093.944
1 982.809
2,221 549
2,364 484
8,47 j,7H*
8.230.000
8 995 766
2 658 019
1.077.186
1.142 171
88.9.4 479
Kansas City
17.677.851-
Minneapolis
14.184 6:-9
5.881.899
4.271 129
4 311,8-1
4.758,039
1.695 143
Paul
Denver
St. Joseph
Des Moines
DavenportSioux City.
Topeka
Wichita
Fremont.
Colorado Springs..
Tot. other West.
St.
Louis
Orleans
New
Louisville
Galveston
Houston
Savannah
Kiohmond
Memphis
Atlanta
Nashville
Norfolk
Augusta
Knoxvllle...
Fort Worth
+ 19
8i
8
1
+434
+19-8
-o-oo
+0'4
+21'0
110,981,770
09.648.860
114,663.744
11,684.300
7.166.188
8,646 126
4.799.75k
8,988 10J
2,859.897
1.860 934
8.812 342
1,102.028
935 899
664.955
262,18
89 580 632
9 618.460
'
''urail.
5.881,883
6.815851
8,774659
8,209.500
2.624 000
1.684.832
1,675 283
818,414
717.188
607,680
289 746
406 566
488,106
282.400
241 418
156.614
191.208
161.361
494857
886 892
839,000
808.700
831.106
284.482
208,289
148,927
+88 8
162.628,304
14,987.287
8 360,412
1,659.262
1,450,000
1.936.335
1.851.614
f82.462
860 003
128 003,112
18
US 158
1.368 835
1,437.636
1,108.256
1,169 018
827,888
643.753
575,000
16,738,781
11,187.845
5.448 48'
8 989 S7
8.908 59"
8.6L0 887
1.391.1W-
13,114 056
9.944 887
5,498 14*
11.038.031
7.089.420
5.780.688
4,437658
1.888.61.2
1,196,22k;
88'!,8-8
1,166.639
1.020.851
479,9
191.(72
86U.74-
1,004. 7C8
804. 4"7
898.uH
8 553 461
8 648,780
2,450 880
988 181
738,418
706.845
474 838
Not Include
56 634.53a
49 783 378
48 90S 350
80 813,405
7,794.901
9.9*8 149
2.746,760
4.652 500
1 973.468.186.003
1.685 018
1,583 558
7.7*8 497
7,103 nf
8,472 00
+39
8.339 65"
8,305.139
1,233,001
572 318
409,079
132,5,8
418.448
152.885
1
+13'8
168*878
1.461 W3H
1,294 550
1.051.705;
1.1S1.811
1,475985
1.054.145
916,870
620,912
603 8 '7
l.SlB.'W
1,077.718'
756.051
680,000
344 46'
890 600
195 80"
670.O0O
4!<5.00n
807,'59
70S
86 4-8.5B5
601,885,490:
543,199.269
15 9S5 92S
14 388 7*6
8.138 060
1,603 O0e
11 840 194
8.816 428
25.311.538
4 550 569
5.480,674
.399 054 1*
+218
583 687.92!.
Not include d in tnt
+419
SP/WtTSfT
25 818x14
!
'
-67
1.8
7. -9 9811
j
'6
1,480 a*t
676.430
880 6-6
944 6 -IS
877 090
860 12r-
7.8i
1316 74"
7*641"
1,2*8.241
11.865.97
1,8 71 83*i
661.619
09.548
28.88195
66U»7 7j6
i
,188 948 6!-
.85S.r65.l71
878 265
»3 824,062
6 735 706
7.167 08
8.582 000
3.4*2 12
8 556.586
6 846 85*
1 549 101,880 666
1.800 607
1.043 84H05 67C
554 80491 01
578,78
602 001
311,422H7'H;191 601
8 876 OU0
5,343 S93
2 82l.97f
97,057
48 750 5 i7
CANADA—
•
576.719
587,204
210 000
10 078,897
431001
John
1.911955
1,274 644
1,167,234
1,120.828
1.388.611
646.864
83.677,826
Maoon
Rook
Montreal
Toronto
Winnipeg
Halifax
Hamilton
86.889,607
8.852,900
843 888
80,, 464
Outside N. York.
+8
+40
8
6
808,474
143 446
1
Birmingham
Jacksonville
Total Southern..
Total all
97,612.843
4,470.200
8.210.912
1.668.262
1,186 867
1,082 807
1.435.989
644.169
419.180
832.339
+19-0
2 513.46.1,072, 5«0
1,038,886
85.214 456
Vancouver
Quebec
7h0.h*m 068
1898.
210,00i
816,034.76*
018,1-80
Victoria.
al.
835.417
111,172
+23
—18
+37
884.107
418.844
484.712
877.900
804 610
187.768
287.776
845.622
120.031
687.14'
232 828
Kid i a
St.
al.
1899.
1901.
737,491
878.27,
235.78*
Chattanooga
1898.
677,748
887.812
659,721
639.03*
8S5.6CC
887,718
213 903
285,817
828,68a
201,149
887 178
878.8i£
151 292
,
Helena
Fargo
Sioux Falls
Total Paoino.
Little
t
997.S33.6S1
Middle
111...
Oulncy
Bloomi ngton
Jackson
Ann Arbor
Tot. Mid. West'n
Omaha
W.
111
Lexington
+54-6
for week.
932 643
Youngstown
Springfield,
+406
Week ending September
'lotal
3,082.924
1.1U0.000
Grand Rapids
Dayton
$1,118,418,511
224.4Hl.857
1901.
\V*«p,lng
Peoria
Toledo
8,089 923
8.039 637
1,088.380
931.724
816.979,423
+65
+ 197
full details for
Olearingt
3,861,77)1
$1,729,129. .78
+160
the week covered by the above will be
given next Saturday.
We cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday
night.
We present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Sepr. 7, and the results for the corresponding week in 1900, 1899 and 1898 are also given. Contrasted
with the week of 1900 the total for the whole country shows
a gain of 40*2 per cent. Outside of New York the increase
over 1900 is 21 "8 per cent.
The
6,100.000
olttes,6dayi.
all oltles
6969.476
2 072 688
Portland
day
119.878.286
18 631,250
6 942.072
9.182.749
252,450
8979 702
+64-S
+8-2
6 days
150.888.408
17,325,850
9 336,318
11,668.281
1,330.216
1,185 892
982 914
1,060 168
681,111
868.921
365.747
Indianapolis
$924,401,251
194.081.283
oltiee.
98,976,676
Milwaukee
Columbus
$1.619 053 069
210.07H.109
Orleans
all
P. Cent
1900.
1901.
117,312,685
2,661. 48"'
5.042,701
8,749.800
5 days ......
Baltimore
Chicago
St. Louis
Total
Cleveland
16:9.687,076
80,167.097
66,634.243
14,019 077
108,717,798
87.879 138
7 338,8 4
Philadelphia
All cities, 1
Cincinnati
Detroit
$1,148,735,906
103,6 6.885
77,812,966
14.8^4,80S
183.1C0.741
87 775.984
6.6-6.429
Boston
ol ties,
Chicago
San Franclsoo.
Ciearingi— Helurn' bv Teieorivh.
Week finding September 14
..
Bng..
Rockford
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day, Sept. 14,
have been $2,044,803,601, against $1,658,665,171 last week and
$1,342,964,371 the corresponding week last year.
.
New
84 226 180
4.1)90 800
Akron
Kalamazoo
CLEARING HOUSE RETURNS.
Seven
Portland
Fall River
Lowell
108,788,282
4.868,300
2,218.947
1.858.0*8
1.829,88*
1,850.188
1,263,030
747,885
441.182
366,718
253 502
Hvansvllle
Pine Street, Corner of Pearl Street,
Post Office Box 958.
Other
Worcester
Total
Messrs. Edwakds & Smith, 1 Drapers' Gardens, E. C, will take subscriptions and advertisements, and supply single ooples of the paper
at Is. eaoh.
New
Springfield
Holvoke
London Agents:
New York
New Haven
New Bedford
Transient matter
$4 20 Three Months (13 times) . .$29 00
" ).. 50 00
Six Months
(26
STANDING BUSINESS OABD8.
" ).. 87 00
Two Months
(8 times).. 22 00 Twelve Months (52
1900.
P. Cent.
Boston
Providence
Hartford
Advertising—(Per Inch Space.)
ot
7.
Olearingt at-
657 3-1
575 -68
8.22-350
8.610 098
19*4.911
2.804 806
1.466 050
1,010.776
1,056.508
79 -.346
473.140
441095
564 254
848 098
859.000
260 661
305 722
190,787
53 728 725
909
M
487.191.663
000.711
14 2 10 j
846 88*
18-.749
660.1*4
£09 645
4">*,58
1.00: 6f0
al
25.311727
84 787.111
THE CHKONICLE.
52A
[Vol. LXXIII.
on the part of moneyed interests. The removal by violence of the executive head of a nation
is not a small matter, even where, as in the present
instance, the incumbent will be
succeeded by one
of his own party and political faith.
In this case,
too, the money market was a disquieting element by
itself.
The bank statement issued on Saturday last,
reporting surplus reserves down to $6,915,875, gave
plain evidence of that fact.
What the banks by their
action accomplished was to prevent disturbance of
the money market at a time when an adverse development of that kind, by reason of the President's critical condition, might have involved serious
consequences.
The fact that no need was found for loanaction
THE FINANCIAL SITUATION.
The whole character of the situation has again
been changed by yesterday's developments in the
President's case.
Previously the accounts regarding
Mr. McKinley's condition were all encouraging in the
extreme. Last Saturday, very naturally, while the
public mind was still suilering from the first shock
caused by the news of the attempted assassination,
and when it was not yet possible to venture a definite
opinion as to the probable outcome of the attack, the
markets were deeply disturbed.
On the Stock Ex-
change
occurred on
that day, but the effective way in which banking the $30,000,000 or $40,000,000 held ready for
ing and financial interests had planned to pro
emergencies signifies nothing. Often all that is revide against possible contingencies served to prequired to avert a crisis is to be prepared for it. Fur.
vent disaster or anything akin to a panic. Between
thermore, the appeal of the Clearing House to the
that time and Monday the developments were so satisSecretary of the Treasury has been effective in securfactory and the accounts so optimistic that stock
ing a release of some of the Government's money acprices Monday opened at a sharp recovery and the
market remained firm throughout the day. After cumulations.
We do not think it is generally known how extenthat the news became more cheerful each succeeding
day.
The President was making surprising progress, sive has been the absorption of cash by the Treasury.
no unfavorable symptoms whatever had developed, Statements that one or two millions have been taken
and the outcome hardly any longer seemed in doubt. out of the banks this week or that, hardly furnish
The Cabinet Ministers and other political celebrities, an adequate notion of what has been going on. The
Government has been increasing its money holdings
as well as the Vice-President, spoke in the most conever since last May. At that date the holdings
fident manner concerning the chances of recovery,
and even the physicians in attendance abandoned aggregated $290,278,810; from this there was an increase to$296,951, 249 June 1, to $307,890,600 July l,to
their customary reserve and stated that all the in$309,636,015 August 1 and to $315,029,394 Septemdications pointed that way.
Under this stimuber 1, making an addition for the four months
lus the tone on the Stock Exchange continued to
of but little short of twenty-five million dollars
improve.
But yesterday morning the daily papers contained in exact figures, $24,750,584. Since the 1st of this
the utterly unexpected announcement that the Presi- month the same process has continued in operation,
the holdings September 10 aggregating $322,214,437.
dent's condition had taken a decided turn for the
Altogether the Government took out of the channels
worse, that the food given him the day before had
not agreed with him, that the action of his heart was of trade between May 1 and September 11 the sum of
The Secretary's purchases this week will
causing the doctors concern, and that altogether the $31,935,627.
put
in circulation again about $10,000,000 of this.
gravest anxiety was felt regarding the outcome.
Under this startling intelligence the stock mar- The principal of the bonds bought aggregates only
but the premium on the same will bring
ket
sustained another violent break in prices $7,546,300,
the amount close to the figure mentioned. The Subfully
as
severe as that
of
last
Saturday
the downward movement in the case cf Mil- Treasury in this city began settling for the bonds yeswaukee & St. Paul stock being accelerated by the terday, and up to the close of business had paid out
The
action of the board of directors of the company the $8,479,678 over the counter for this purpose.
day before in not raising the rate of dividend on the payment coming so late in the week will be rea
severe
break
in
prices
—
only in part in to-day's bank return. Whathad been hoped for. All day yes flected
terday the advices from the patient's bedside were ever the character of this return, therefore, it
very discouraging and at times highly alarming. As should be remembered that the actual condition of
the banks will be much better than indicated by the
against the previous almost
common
shares, as
positive assurance that
the President would get well, the best the doctors
would now say was that he still had "a fighting
chance'* left.
The market consequently remained
figures.
The
action of the Secretary of the Treasury in di-
bank depositories of
depressed throughout the day. The situation there- the excess of internal revenue receipts up to the par
fore at the end of the week was that thiDgs were value of the bonds deposited as security, also deserves
The depository banks have herea word of mention.
again decidedly unsettled, with everything
recting the retention by national
depending
been permitted to hold only 95 per cent of
those of their deposits which were secured by 2 per
illness, and with his death momentarily expected.
cent and 3 per cent bonds, while they were allowed
to hold deposits to the par of the 4 per cents and 5
In the grave situation arising out of the assault per cents. The majority of the bonds securing deon the President our Clearing House banks and posits, however, are those bearing the lower rates of
leading financiers have again acted with commenda- interest. Banks in the interior, and especially those
ble energy and promptness.
We shall not attempt to in the large revenue districts, have been required
rehearse here the events of the week, which will be promptly to remit to the Sub- Treasuries the excess of
found narrated at length in our banking columns on their receipts over and above the amount permitted
page 535. But it is worth noting that the possibilities to be held, and these remittances have been made
nvolved in the event were such as to warrant united
through checks upon their balances with their New
for the time being
upon the
issue of
the
President's
tofore
September
THE CHRONICLE.
14, 1901.]
York correspondents, who have turned the money
Sub Treasury
to the
in this city.
over
These remittances,
therefore, caused an almost constant drain of mi ney
out of the New York banks into the Sub-Treasury,
and in active business seasons like the present the
This movement will for
drain was necessarily heavy.
525
amount
per mile of road beiug, roughly,
$1,000, against $880 per mile), and that the expendi\
lous year (ihe
ture
for
maintenance of
against $618,311.
On
equipment was $654,503,
the second point
should be
noted that, with an increase of 126,874,996 in the
number of tons of freight moved one mile, the
As
far
as
the
banks
being
stopped.
be
in number of miles run by freight trains was actually
the time
this city are concerned, the largest depositories are decreased somewhat, being only 2.663,964 for 1900the National City, the Hanover, the Commerce, the 01 against 2,707,988 for 1899-00. As a result, the
First National, the Chase, the Mercantile and the average freight train-load was increased fully 20 per
Western, and the bonds held for deposita in all the cent, raising it from 261 to 313 tons. In like manner,
New York City depositories amount to about $35,- the freight train earnings per mile were enhanced,
As 50 per cent of this amount consists of they being $1 99 per mile run for 1900-01, against
000,000.
This improvement
2s and 3s, the order of the Secretary will result in in- but $1 89 per mile for 1899-00.
sum
it
banks by about $875,000 • in the revenue of the trains was effected in face of a
decline in rates, the average per ton per mile for the
It may be noted that there can be no diversion into
banks of customs' collections, these being required to late year having been only 64 mills, against
creasing the
in the local
72
be held in the Sub-Treasuries.
mills the previous years.
doeB not reflect
rate
The
decline here
demoralization,
we
shown
are told,
but follows from the fact that, owing to the failure of
Washington has this
the spring-wheat crop, the road carried less wheat
week issued its September report on the condition of
from the Northwest, and that as against this loss there
the country's crops, and lowers still further the genwas an increased movement of winter wheat from the
eral average of corn, which is now placed at 51 7,
Southwest, on which the haul was longer. As bearing
against 54 on the 1st of August. The Statistician of
out this statement, we note that the average haul on
the Department states that this is the lowest Septhe late year's tonnage was 314 miles, as against only
tember average on record. The figures are taken to
301 miles for the previous year.
Aggregate gross
indicate a crop of between 1,300 and 1,400 million
earnings of the road were further increased $292,824
the 2,105-million
The
Agricultural Bureau at
bushels,
as
crop
against
of
in
1900-01,
but because
of the increase in exthough this is mere conjecture,
penses
net
earnings
were
reduced
slightly
issue
no
the
Bureau will
statement of
as
that is,
by $48,467.
The
net
income,
howAll that need be
the yield until next December.
ever, was just
about sufficient to pay the four
said with reference to this unfavorable report by the
per cent interest on the debenture stock and full 5
Bureau is that it represents an extreme view of the
per cent on the preferred stook "A." The distinctive
damage done by drought. We are perhaps justified
feature of the Chicago Great Western Railway Co. is
in going a step further and saying that the statement
that it has no bonded debt, the permanent capital
contains inherent evidence of being defective.
In
being represented by four classes of stock. Important
the case of not a single prominent corn-producing
additions to the mileage of the system are contemState has the August average of condition been
plated through auxiliary companies.
These are deraised, while in many instances the average has been
further materially cut down.
Assuming that the tailed in the report, and it looks as if they might
mean a considerable enlargement of the revenue of
August figures were correct, there might possibly be
last
season,
justification
for
cutting
down the
averages for the
the system.
States east of the Mississippi, since in those States the
There was no change during the week in the official
of discounts by any of the European banks.
Unofficial rates at the principal centres were generally
steady.
There was more or less anxiety manifested
on the European bourses on Monday concerning
the outcome of the assault on President McKinley,
and the later encouraging reports regarding his condition were received with much satisfaction.
A St.
Petersburg cable announces that a syndicate of
German and Russian banks, headed by Mendelsohn &
Co. and S. Bleichroeder, has agreed, on Government
guaranty, to lend eighty million marks in tax-free 4
per cents to the Moscow and Kasan Southeastern and
Lodz Factory railroads.
located, and we observe that President Ingalls in
drought continued into the early part of August. But
west of the Mississippi full relief occurred before the
close of July, and all accounts received during August from that territory agreed in noting considerable improvement, at least in the case of late-planted
Yet the Bureau keeps the average for Kansas
corn.
at only 19, and further reduces the average for Nebraska, bringing it down to 33.
For both Indiana and
Illinois the prospect is reported as only 49
that is as
promising le3S than half a crop while for Ohio
the outlook is just a little better at 60. These
are the three States in which the mileage of the
Cleveland Cincinnati Chicago & St. Louis Railway is
—
his
recent
report
stated
that
rates
—
the best
estimates
pointed to two-thirds of a crop.
The
striking feature of last week's statement of the
New York
Associated Banks was a loss of $10,111,500
which $6,656,300 was specie. The loans were
reduced $10,040,800 and the deposits fell off $20,429,800.
The surplus reserve was reduced by $5,004,050
to $6,915,875, the lowest since July 6, when it stood
at $5,211,525.
It is noteworthy that the loss of cash
shown by the banks was far above the preliminary estimates of the movements of money during the week.
The measures which were taken by the Clearing
House Committee and the Treasury Department early
cash, of
The Chicago Great Western Railway, in its annual report, shows development along the same lines
That is, additional amounts
are being spent upon maintenance account, and steady
as the larger companies.
is being made in operating the system with
increased efficiency and economy.
On the first point,
progress
we observe that $929,364 was spent upon maintenance
account in the
^late
year, against
$817,538 the pre-
THE CHKONICLK.
526
the
in
week
looking to the
restoration
of
con-
which confidence had befidence in
come partially unsettled by reason of the low reserves shown by the bank statement and also by the
attack upon President M:Kinley, are narrated in
The prompt action of
detail elsewhere in this issue.
the Clearing J louse Committee on Friday night and
on Saturday and on Monday mornings, accompanied
by supporting orders in the stock market on
Saturday and in the local and the London marthe situation,
pre-
greatly to
contributed
on Monday,
values, while
stook
vent any undue decline in
the fact that through the action of the Clearing
House Committee on Monday morning an abundance
of money was pledged for use in the market, if
needed, aided in preventing any material advance in
kets
money
rates.
The prompt response
of the Treasury
to the
of the Secretary
application of the
the market had an im
portant sentimental influence; it was not until Thursday that the full effect of the order for the retention
by national bank depositories of the excess of public
to
money over the amount which had
hitherto been per-
mitted to be held was observable in the Sub Treasury
balances.
The results of the offer to buy $20,000,000
bonds for the sinking fund were not announced
until Thursday after the close of business, and
the proceeds of the $7,546,300 bonds accepted by the
Secretary will not become fully available in the cur-
bank week, though $8,479,678 04 was paid,
principal and premiums, for these bonds at the Sub-
rent
in
Treasury on Friday.
The
favorable reports received
prior to yesterday concerning President
McKinley's
condition were of course a greatly contributing factor
It may be noted
In the restoration of confidence.
that one important aid to the
application of the Clearing House Committee above noted. On Wednesday loans were at
the
to
and
with the bulk
of the business at 6 per cent.
The tone then was
firmer, there being some apprehension that the offerings of bonds to the Treasury would be made at figures
too high for acceptance.
On Thursday transactions were at 6 per cent and at 4 per cent, with the
majority at 5 per cent, and the firm tone then was
6
per
cent
at
money market was the
4
per
cent,
attributed to the calling of loans by one of the large
banks.
On Friday, influenced by the disquieting reports of the President's condition, loans were at 10 per
cent and at 6 per cent, with the bulk of the business at
7 per cent.
Banks and trust companies have loaned at
5 per cent as the minimum, though on Monday a few
loans were placed at 4 per cent
cent
was
generally
Clearing been freely offered this
for the adoption of measures for
House Committee
more permanent relief
[Vol. lxxiii.
and on Friday
6 per
Time money has not
week, and on Monday rates were
quoted.
advanced to 5^@6 per cent for sixty to ninety days,
while contracts for longer periods were quoted at 5@
&i per cent on good mixed Stock Exchange collateral.
On the following day there was an easier tone and
rates were 5 per cent for all periods, and these quotations ruled for the remainder of the week, though
not much business was done. The commercial paper
market was very dull, with only occasional small sales
and these chiefly to Eastern banks. Rates were nominally 5 per cent for sixty to ninety-day endorsed
bills receivable,
5@5£ per cent for prime and
per
cent
for
good four to six months' single
5^@6
names.
England minimum rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety-day bank bills in London
2 5-16 per cent. The open market rate at Paris is 1 J per
cent and at Berlin and at Frankfort it is 2% per cent.
According to our special cable from London the Bank
of England gained £42,484 bullion during the week
and held £39,129,194 at the close of the week. Our
The Bank
of
payment on Monday of $1,600,000 and on Tuesday
of $700,000— together $2,300,000— in Assay Office
checks representing Australian and other gold
which arrived in the previous week at San Fran- correspondent further advises
us that the gain was
cisco.
The early transfers of currency to the interior due to the receipt of £107,000 net from the interior
through the Treasury were smaller than in the previof Great Britain, to imports of £35,000 from Austraous week, and this fact was ako important. It
lia and to exports of £100,000 to Egypt.
was announced this week that £100,000 Australian
gold had been shipped, consigned to the London, Paris
& American Bank at San Francisco, which gold was
The foreign exchange market was dull during the
expected to arrive on or about October 14. It was re- week and the business was chiefly confined to short
ported that by the 26th there will be at San Francisco sterling, which was directly influenced by the varying
about $4,500,000, of which $2,500,000 is Australian rates for money in this city. Commercial bills were
gold which, as previously announced, left Sydney, reported in quite moderate supply ; this probably
N. S. W., on August 14, and the remainder is Yukon meaning that the demand for them was so urgent
bullion.
Payments at the New York Sub-Treasury that offerings were promptly absorbed prior to arfor unmatured bonds bought by the Department prior rival, so that they did Dot appear on the market. Few
to Friday were $499,759 23, making $17,015,321 65 of cotton bills are coming forward as yet, though there
these securities thus far purchased.
are indications of fairly liberal offerings soon.
There
Money on
representing bankers' balances loaned
at the Stock Exchange during the week at 10 per cent
and
call
2 per cent, averaging about 6 per cent. On
Monday the ea.ly loans were at 6 per cent, and until
the afternoon the lowest rate was 5 per cent. Then,
at
however, liberal offerings by individual banks and
private bankers caused the rate gradually to fall to 2
per cent; the bulk of the business was at 5 and 6 per
cent.
On Tuesday transactions were at 6 per cent
and at 3 per cent, with the majority at 4^ to 5 per
cent.
The tone was easier, influenced by the prompt
response
of
the
Secretary
of
the
Treasury
was no business on Saturday, the London exchange being closed. The market for bankers' short sterling was
affected on Monday by expectations that there would
be large sales of American' securities in London caused
by the news of the attack upon President McKinley.
Rates for actual business advanced to almost 4 85£ early
in the day, but subsequently they fell off, influenced
by dear money on call and on time. On the following
day easier money caused a fractional recovery in rates,
and thereafter the market was dull with, as above
noted, business confined to demand sterling, which
On Friday the
fluctuated between 4 85-J and 4 85f
high money rates caused free selling and the tone
.
September
THE CHRONICLE.
1901.]
14,
The Assay
closed weak.
The following gives the week's movements of
Custom House money to and from the interior by New York banks.
principal drawers early in the
week
W**k Bndint September
13. 1901.
one-quarter of a cent for long compared with those at
the close of last week, to 4 82$ @4 83, while no quotable change was made in short or in cables, the former
remaining at 4 85}@4 854, with transactions between
these fractions; and cables were 4 85f @4 86. No
and meanwhile business was done within a
row range. Then sight was reduced one-eighth
T
Nh
Interior
Movtmtnt.
917.000
17.395 000
1.H49.000
Loss 11.802.000
Loss
408,000
10.460.000
18.7*4,000
12 294.000
46.508
0<Kj
With the Sub-Treasury operations the
result
is
as
follows.
W-k
an&in* September
Banks Interior movement, at above
Out
Into
13, 1901.
Wednes-
in quotations until
SMpVid by
Bank.. N. T. Hank*.
/Urelt>«d by
N.
to 4 83.1 for sixty-
day and 4 8G for sight, while other bankers quoted
Rites
4 84 for the former and 4 86+ for the latter.
for actual business opened on Monday at a decline of
made
J
Office paid $963,233 42 for
domestic bullion. Gold received at the
during the week, $83,408.
Nominal rates for exchange were reduced by the
further change was
527
Net Ukano* in
of
Bank*.
Bank*.
flank HolatafS.
16 450 000
(8.744 000
81.000.000
22.0 JO 000
Loss 18,891.000
Loss 1.000,000
000
Loss. 18.891.000
187.450 000
• :;0.744
nar-
day,
of a
cent, to 4 85^@4 85|, with transactions at the latter
and between these fractions. Long sterling and cables
THE ATTACK ON THE PRESIDENT.
There is something very fine in the spontaneous
remained unaltered. The market was unchanged on
and unanimous outburst of indignation at such an act
Thursday, except as to tone, which was firmer. On
of last week, Friday, and of personal good
ii3 that
Friday, influenced by the high rates for money, the
That an
will towards the victim of the attack.
market was weak and rates for actual business fell off
effort at cowardly assassination should be denounced
g of a cent all around, to 4 82|@4 82| for long, 4 85@
by every right-minded citizen was to be expected; but
4 S5± for short and 4 85$ @4 85$ for cables. The folthere was much more than this in the past week's
lowing shows daily posted rates for exchange by some
popular demonstration. Americans have been said to
of the leading drawers.
be "good haters " in their politics, by which was
DAILY POSTED BATES FOE FOREIGN EXCHANGE.
FBI..
Sept. 6
80
84
86
84
86*
83*
86*
88*
86*
83*
86*
83*
86
84
86
86
86
88*
88*
88*
87
86*
84*
84
86
84
86
*84*
86
84
84
determination that its security shall be inviolable.
One needed only to listen to the conversation along
the streets, from highest to lowest among the citizens,
Sight...
4 87
87
(
60 days,
4 84
88*
86*
88*
86*
88*
86*
88*
to learn
(
Sight...
4
86*
§2*
86
86
86
(
Sight...
4 87
(
60 days.
4
\
Bight.. .
4
)
80 days.
1
Sight.. .
4
4 87
60 days,
<
.
Bank of
Montreal.
Canadian Bank
of
Commerce.
J
.
Heldelbaoh. lokelhelmer A Co.
~88*~
86
84
60 days.
.
Fri.
4 87
86
*sm
84 *
87
84*
86*
84*
86*
84*
86*
84*
86
86
88*
LMardFreres...]!?^';
4 84
4 86*
83*
88*
B8*
83*
83*
86
(60 days.
84*
84*
86
84
86
84
86
84
86
84
87
86*
86*
86*
86*
Merchants' Bk.
of Canada
strong and
S3*
j
No. Amerloc,
TH0B..
differences are
their personal feeling regarding leaders of parBut above
ties which they oppose unusually keen.
controversy over actions and policies stands
all
belief in the majesty of a high elective office and
86
84
Baring,
British
-
political
88*
\f^'..
Magoun & Co..
W«D.
TU18.,
Sept. 9. Sept. 10. Sept 11. Sept. 18. Sept 18.
Ts4* "'es*
Brown Bro.
Sank
Hon..
meant that their
(
Sight..
.
4 87
how
deeply rooted this feeling is throughout
It goes, we are glad to believe,
the community.
much further than reprobation of the act of an
assassin.
This identification of such a public office with the
dignity of the nation and community itself, is one of
the strongest safeguards of our institutions. It is not
alone that Anglo- Saxon semiment makes impossible
ment 4 82@4 82f. Cotton for payment 4 82@4 824,,
such a view of the ruler as obtains in more than one
cotton for acceptance 4 82@4 82£ and grain for
of the Spanish-American republics, whose history has
payment 4 82£@4 82f
been largely made up of factional conspiracy to drive
an incumbent forcibly out of office. With the conception of the Chief Magistracy which governs every
The following table indicates the amount of bullion
American mind, an episode such as that of the Auteuil
in the principal European banks.
race-track a year or two ago is inconceivable. Equally
closed at 4 82f @4 S2f for long, 4 85
and 4 85$ @4 85f for cables. Comshort
@4 85£ for
mercial on banks 4 82@4 824; and documents for pay-
The market
September
B*mk
September
18, 1901.
inconceivable
18, 1900.
of
Gold.
JStivsr.
*
M
Trance
Bnsaia
Ans.-Hnng'y.
Spain
Italy
Netherlands..
Nat. Belg'm •
Gold.
Silver.
Total.
%
S
X
*
39.189.194 86.416,718
89.189.194
Germany*
Total.
96.809,386 44,574.680 140,784.008 89.797.848
80.614,000 16,771.000 46,385,000 87,869,000
68.838,000 7,128.000 76,861.000 77,915,000
42,535.000 10.946.000 68.481,000 87,891,000
86,416,718
46 804 781 135,001,969
14,366.000 48.286 00b
7.445.000 86.860.000
9.745,000 47,688,000
16,804,000 80.49S.00b
14.004.000 17.517.000
81.521.000 18,689,000
15.884.000
1. 886.600
17,850.500
15,446.000
1,665,000
17,1 11. OOC
6.860,800
5,663.000
11 803,800
4,869.000
5.646.000
10,614,'>00
8,180 700
1,693,300
4,780.000
8,888 000
1,444 000
4,838.001
is
the feeling, wnich exists under
many
monarchical governments, that a social class is embodied and represented in the fortunate family which
holds the royal title. The President in office is invested directly with the majesty and prerogative of
the people. An attack upon him, beyond the legitimate lines of criticism of policies, is an attack upon
the people.
The
instinctive recognition
was the most striking part of the
last
of this fact
week's mani-
Touthls week 316,651.080 106014480 481.695.600 8C6.780.960 108808721 409.089 681
Tot. nrev. w'k 817.785,710 105C988S6 422.819.601 807,841.691 1C29679H6 410 212,657
festation of public feeling.
The division (between gold and silver) given In our table of ooln
and bullion in the Bank of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain; in neither case Is it
That there should have been a good many hasty
and thoughtless propositions for dealing with the evil
in press and public discussion of last week's events
We do
is not surprising under the circumstances.
*
claimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, but we
believe the division we make is a olose approximation.
t The Anstro-Hungarlan Bank Statement is now Issued In Kronen and Heller Instead of Gulden and Kreutzer. The reduction of the former currency to
sterling £ was by considering the Gulden to have the value of 60 cents. As
the Krone has really no greater value than 20 cents, our cable correspondent In
London, In order to reduoe Kronen to £. has altered the basis of conversion by
dividing the amount of Kronen by 24 Instead of 20.
not believe that serious second thought will revive
the impulsive earlier suggestions that either the guaranty of free speech or the prohibition of unusual
punishments should be removed from our fundamental law. We do not attach particular importance
THE CHRONICLE.
528
[Vol. LXX1II.
Sudden passion, great provocation, insane
Chief of State be crime.
is
treason
jealousy,
are, in the great majority of cases, the real
In the first place,
defined as treason.
difsomething
causes
of
an act of the sort, and the law is framed
as
Constitution
defined
in
the
already
According to that instrument, treason "shall with that fact kept in mind. If the victim does not
ferent.
to the proposal that assault on the
consist only in levying
war against them [the United
States] or in adhering to their enemiep, giving them
aid and comfort." This definition could not be en-
die,
the aseailant
of imprisonment.
may
commonly
If
escapes with a few years
he pleads mental weakness he
escape entirely.
But the
which we have enumerated
part in such
outrages as that of a
Amendment. In the second place,
alteration
of
week
ago.
this,
assault? on elected
such
More
than
by
gained
judgment, could be
rulers appear to us to pass beyond the mere legal classithe law which cannot be gained in other ways.
The three main evils which call for swift correc- fication of crimes against the person. They are direct
society
as distinct
tion, where correction is possible, are the lightness of attacks on the State and on
punishment now inflicted on a political assassin who from ordinary assault or murder as high treason is
fails of his final purpose; the possibility of incendiary from ordinary conspiracy against private interests
anarchist meetings or of distribution of incendiary and the seriousness of the crime, taken along with the
anarchist literature, and the permitting of dangerous necessary absence of motives or impulses which may
condone attacks on a private individual, render it, in
anarchists to enter the United States at all.
The two last-mentioned evils appear to us to be our judgment, wholly proper that crimes of this sort
covered already by existing laws. If the police of should be separately provided for and should be visany city in the United States had been able to lay ited, whether successful or unsuccessful, with the
their hands on a body of agitators who could be proved severest penalties recognized by the law.
The reassuring fact, in this part of the situation, is
to have instigated the attack upon the President, no
taken
them
the
have
manner in which even habitual agitators have
one doubts that the law would
promptly in hand. This is not all. There is a law joined in denouncing the atrocious act of last week,
on the statute books under which the wretched crea- Friday. Mora than one of those who have hitherto
ture may be punished who was unlucky enough to been classed as notorious anarchists have spoken
publish incitements to such violence on the very day freely and forcibly, both of the wrongfulness and of
But the trouble may be the folly of the crime. There has, so far as we know,
of the Buffalo calamity.
that the laws have not been rigidly enough en- been no exception to this rule, and it seems to us very
The encouragement to
forced.
It certainly ought not to have been possible important that this is so.
that the assassin of King Humbert should have fresh attempts of this nature has hitherto always come
arranged for his crime, with the co-operation of a chiefly from the approval, whether openly expressed
body of his associates, in an American city. A gang or suggested through sullen silence, by the associates
Repressive law is not likely ever to
of burglars could hardly have done the same without of the criminal.
discovery by a vigilant police. It will be demanded put an end entirely to such acts; it has not done so in
hereafter that these dangerous political agitators shall a dozen centuries of organized European Government.
be known, watched and shadowed with the same per- So long as the assassin is a hero or a martyr, even to
sistence as is employed in guarding property from con- a small [group of sympathizers, exactly so long will
political assassination be repeated.
spiracy.
It is something to
It is not so easy to insist on the infallible applica- have reached a moment when even the family and astion of the Exclusion law.
A foreign assassin, or a sociates of the criminal unite in denouncing him, not
proved accomplice of an assassin, would not be ad- only as a criminal, but as a coward and a fool.
mitted to this country.
His case, indeed, even if he
had already been admitted, would be covered by our
& ST. PAUL.
extradition laws and treaties.
It has been proposed STRENGTH OF
on other occasions to exclude all foreigners who have
The Chicago Milwaukee & St. Paul Railway ComBut here the difficulty pany, in its annual report submitted this week, makes
taught anarchistic doctrines.
of proper discrimination becomes extremely great. a quite remarkable exhibit of strength more remarkCitizens have the right to maintain what private the- able than in any of the preceding reports, though
ories of government they will, and immigrants cannot these have all been noteworthy in the same respect.
justly be excluded for what citizens are freely allowed It is safe to go a step further and say that the comto do. It would of course be wholly out of the pany's present showing as to income and finances has
question to accept the view of a foreign government been seldom paralleled by other railroad companies.
as to the dangerous character of the applicant for adTaking up first the income account, we find that
Russia thus classes Prince Kropotkin and with interest charges of $6,383,035 the company had
mission.
Count Tolstoi, neither of whom this country would available net income on the operations of the twelve
dream of shutting out. If our immigration laws are months in the sum of $14,566,192 that is, the net
to be at all amended for this purpose, it must be done income exceeded the fixed charges for the year in the
with the utmost caution.
sum of considerably over eight million dollars. This,
But that the penalty for an overt attack on high however, is really telling only half the story. The
public officers, whether the attack ends fatally or $14,566,192 of net income remained after large outnot, ought to be made far more severe, we fully lays on maintenance and equipment account, and
larged except by
slow
process
of
Constitutional
nothing,
in
our have
motives
no
—
MILWAUKEE
—
—
As matters
stand, the criminal law of the
States, which governs cases of this sort, regards the
believe.
Governor of a State or the President of
States merely as it regards other citizens.
some heavy special appropriations for renewal
and improvement account and for additional equipthe United* ment. As is well known, it is the practice of the
Its penal- St. Pa ll management to charge these special approafter
murder or for atrocious assault are prescribed priations directly to expenses, with the effect of diwith a view of the ordinary nature and motive of the minishing net income to that extent.
Many other
ties for
September
THE CHRONICLE.
14, 1901.
companies are also
the habit of making
in
si
milar
shareholders.
f>29
It is
worth noting that the management
special appropriations, bat in those cases the practice of the Chicago & North Western are also limiting
dividends on the common Btock to 6 per cent.
is to charge them against net earnings; in other words,
When we come to the balance sheet, we have a yet
such appropriations are taken out as a special item
more remarkable exhibition of strength. The comafter net earnings have been stated.
The St. Paul in the late year did not appropriate pany, as will be remembered, during the year sold to
quite as much in this way as in the previous year, and the shareholders at par $8,673,200 of common stock to
yet no less than $1,185,000 was charged to expenses reimburse the company's treasury for amounts exon Renewal and Improvement Account, and $1,111,- pended from earnings for construction of various lines
255 more for Additional Equipment, making $2,296,- and lor real estate, etc., and to provide funds for the
255 together.
The
practice of
making these
special
uppropiiations was begun in the fiscal year 1896-97,
when, however, the contribution was only $200,000.
As already
stated,
these
special allowances are en-
independent of the charges upon maintenance
account, both for Way and Structures and for Equipment.
The aggregate amount spent upon maintenance in the late year was not quite so heavy as in
the ytar preceding (the maintenance charges the
tirely
previous year having amounted to extraordinary fig
ures), but was nevertheless greatly above the aver-
Thus
age.
for
Maintenance of
Way and
Structures
$6,505,864 was spent in 1900-01, against $7,503,380
Going back a little further, however,
in 1899-00.
we
that in
see
1898-99 the expenditures under the
same head were only $6,045,697 and in 1897-98 but
$4,635,270, while in 1896-97 the amount was no more
than 4£ million dollars. The expenditures for Maintenance of Equipment were nearly the same for
1900-01 as for 1899 00, being $3,024,725, against $3,048,666, at which figure comparison is with only
$2,709,115 in 1897-98.
From a reference to the matter in the report,
it
ap-
pears that, counting the $1,185,000 contributed to the
Renewal and Improvement Fund and the $1,111,255
contributed for Additional Equipment, and the
various special amounts charged to maintenance
account, the aggregate of exceptional outlays for the
twelve months was $3,152,980. The exact situation,
then,
is
that the company^had $14,566,192 of available
net income with which to pay $6,383,085 fixed charges
after appropriating $3,152,980 for extraordinary outlays of various kinds for
improvements and additions
to the property.
shortening of the KansaB City line and for other purThe company during the year also disposed of
poses.
54,100,000 of general mortgage bonds. The balance
sheet shows that on
June 30 1901 the company held
an amount of actual cash in excess of the proceeds of
both these sales. In brief, there was on the date
named $13,518,176 in cash on hand; besides this there
were $2,206,650 of deferred payments on the common
stock and various other amounts due, which altogether brought the grand total of cash and cash items
up to $17,845,840. But that is not all. The company
at the same date had $3,412,074 of cash on deposit
with the various depositaries of the Renewal Fund
(this renewal fund being kept as a special deposit),
and also held $4,883,000 of mortgage bonds unsold in
The grand aggregate of cash items and
its treasury.
cash assets is thus no less than $26,140,914. The total
of the current liabilities on June 30 1901 was only
$7,307,697, with $3,474,924 more of what might be
called deferred liabilities, representing the company's
liabilities on the Renewal and Improvement Fund and
The charges to capital acthe Replacement Fund.
count during the last two years (mainly for the construction of new lines) have been roughly $6,000,000.
The company's funded debt during the last twelve
months, however, was actually reduced over four million dollars ($4,205,500), this being due mainly to the
conversion of underlying bonds into preferred stock.
We have stated above that the practice of making
special contributions to the Renewal and Improvement fund and charging the same to expenses was begun in the fiscal year 1896-97 with an allowance of
From a table in the report it appears that
$200,000.
the total contributions in this
way
to that fund since
remaining on the it was started have been $6,335,000, the interest reoperations of the twelve months after deducting ceived on the balances with the depositaries bringing
charges, the company paid in April last $2,849,594 for the amount up to $6,553,763. The special fund for
the 3£ per cent semi-annual dividend on the preferred additional equipment is a more recent innovation, but
stock, together with the 3 per cent semi-annual divi- $2,586,560 has been contributed in that way during
dend on the common stock. The 3 per cent just the last two years.
Altogether over nine million
declared on the common stock and the usual 3| per dollars has been contributed to the two funds. How
cent semi-annual on the preferred stock together call this money has been and is being applied (an unexHence over and above the require- pended balance of $3,412,074 of the Renewal and Imfor $3,237,698.
cent
and per cent dividends respect- provement Fund remaining on June 30 1901) may be
ments for 7 per
ively on the two classes of stock a surplus of $2,095,- seen by reference to the statement in the annual re864 remained. This, it should not be forgotten, is port showing $712,249 spent for elevation of tracks in
after the special contributions of $3,152,980 already Chicago; $145,224 spent for third and fourth main
Stated in another way, if the expense ac- tracks on the Chicago & Milwaukee Division; $1,680,referred to.
counts had been burdened only with the ordinary and 226 spent for reducing grade and improving line on
customary outlays, the surplus above charges and 7 per three of the divisions of the system; $397,864 spent
cent dividends on the common and 6 per cent on the on the construction of ore docks and terminal facilpreferred stock would stai-d at the remarkable figure ities at Escanaba, Mich., etc., etc.
Out
of
of the balance of $8,183,156
$5,248,000.
The
action
of
the company this
The
effect of these
and other large outlays
of like
not increasing the dividend on the common description is reflected in the increased efficiency and
stock shows that in the estimation of the management economy with which the property is beiDg operated.
it is still considered best for the interests of the Notwithstanding the almost complete failure of the
week
in
property and the shareholders to apply large amounts spring-wheat crop in the territory traversed by the
of earnings towards the betterment and enlargement Milwaukee & St. Paul lines, the company had a larger
of the system rather than extend the return to the freight tonnage in the late year thanjn the year pre-
THE CHRONICLE.
>30
The number
ceding.
of
tonB of
revenue
freight
At
Vol.. I.XXIII.
I
wa3 sur-
events the loss in the wheat tonnage
all
moved was 18,010,083, against 17,757,419, and the prisingly small, the company having carried 1,425,726
number moved one mile was 3,039,977,919, against tons in 1900-01, as against 1,470,019 tons in 1900.
3 357,450,584. Thi3 additional tonnage movement of Perhaps the same circumstance will explain the
We
2,000,000 was moved wr.h a freight- train mileage of further decline in the average rate received.
know
that rates on the whole were pretty well mainnly 15,388,042 miles in 1900-1901, against 16,050,974
;
miles run by the freight trains in 1899-1900.
Pat
in
another way, the company was again able to increase
the average lading of its train, the train-load for the
late year being 236^ tons, against only 209 tons in the
previous year. There has been steady progress in this
particular in all recent years, the average train-load
as recently as 1898 having been only 174£ tons. These
figures are on the basis of revenue freight only. When
the freight carried for the company's own use is included, the train-load is increased to 262£ tons.
Owing to this increase in train-load the trains in the
late year earned an average of $2 04 per mile run as
only $1 94 in 1899-00. In the earlier years
the amounts earned were considerably less, though we
cannot give the exact figures, as the method of comagainst
putation has been slightly changed. The company
realized an average of only 8 61 mills per ton per mile
on
its
mills
freight during the late year, as
in 1899-00,
937
mills
against 9 30
in 1898-99 and 9-72 mills
in 1897 98.
This added decline in rates and the fact that the
company had a shortage of the spring-wheat crop in
its territory to contend with makes the further gain
in gross earnings reported for the twelve months all
the more noteworthy. It will be remembered that at
the beginning of the fiscal year, when it became clear
that the wheat crop in the road's territory would be
decidedly short, the disposition was to believe that
the company would suffer a quite considerable reducInstead of that gross earnings
tion of its revenues.
further increased one million dollars, bringing the
total up to $42,369,012, which compares with $41,884,692 for 1899-00; $38,310,632 for 1898-99, with
$34,189,663 for 1897-98 and with $30,486,768 for
1896 97. In the four years the addition to gross rev
enues, it will be seen, has been, roughly, $12,000,000, or
about 40 per cent. Net earnings, too, further im
proved, being $14,391,509 for 1900-1901, against $13,463,855 for 1899 00. The operating expenses were
actually somewhat less for the late year than for the
year preceding, being $27,977,503, against $28,420,-
and hence the decline in the average might
follow from an increase in the proportion of long distance or through freight carried. That there must
have been an increase in the proportion of such
through tonnage is evident from the fact that the
average haul on the revenue freight in 190001 was
tained,
202 miles, as against only 189 miles in 1899-00.
For the current or new fiscal year the outlook is of
course extremely encouraging. The spring-wheat crop
this season, instead of baing short like that of last
and at the
yet of any check
season, will be of very large proportions,
same time there are no indications
as
to the activity of general trade.
CANADIAN PACIFIC REPORT.
The character
the Canadian Pacific's annual
statements usually corresponds very closely with that
of
Wnen these latter have a
Canadian Pacific nearly always
experiences similar conditions. On the other hand,
of
the
American
lines.
favorable year, the
when the American trans-Continental systems
en-
counter a period of depression, the Canadian
from the same cause, even
if not to the same extent.
It is easy to see why thi3
should be so. The Canadian Pacific connects with
Pacific,
as a rale, likewise suffers
the American roads at a
not a
more
little
number
of points,
business from the same.
or less dependent
It
and gets
is,
hence,
upon the conditions ruling
in
and prosperity or adversity here is hence
an important element in its affairs for
Another circumstance serves to
any given year.
make the parallel still more complete. When there
is a failure of the wheat crop in the northern portion
of the United States, the wheat crop in Canada and
British Columbia generally also proves a partial or a
this country,
necessarily
tot a 1 failure.
We
have a capital illustration of the truth of this
statement in the crop situation of 1900 on
which the revenue returns in the report before us (the
year ending June 30 1901) are based. In the United
836.
States the spring- wheat crop of 1900, as the reader
This reduction in expenses, however, it is proper to knows, met with great disaster, and the yhld was
say, was due entirely to the smaller expenditures shortened to an unusual extent.
The conditions proupon maintenance account and the reduction in the ducing this poor out-turn exteuded over the boundary
contributions to the Renewal and Improvement Fund, line, and the Canadian Pacific has thus also had a
and for additional equipment. The cost of conduct- crop shortage to contend with. The matter wa3 an
ing transportation was $13,932,064 for
190001, important one with all the spring- wheat roads in the
against $12,761,566 for 1899-00, thus reflecting the United States, and the shortage was an even more imenhanced cost of materials and supplies, and pre- portant inflaence in the case of the Canadiai Pacific.
sumably also the enhanced cost of labor.
For it is evident from the Chicago Milwaukee & St.
The further increase in tonnage and in revenues in Paul report, which we have reviewed on a preceding
face of last year's crop shortage must be ascribed page, that those of the Northwestern systems which
mainly to the activity and prosperity of general trade. have lines running down into the Southwest had an offThis served on the one hand to increase the volume of setting advantage in a very large winter-wheat movemerchandise and general freight, and on the other ment from Kansas and contiguous territory, where
hand to add to the volume of the passenger business. the yield in 1900 was of extraordinary dimensions.
It would seem, also, as if the loss in the crop move
The Canadian Pacific has no lines extending to or
ment from the Northwest had been made good by an connecting with that part of the United States, and
expansion in the crop movement from the Southwest. moreover carries mainly Canadian wheat for export.
The St. Paul has a line to Kansas City; and in Kansas
The annual report plainly shows the presence of the
and Missouri the winter-wheat crop last season was, wheat-crop shortage. The fi3cal year of the company
as will be remembered, of extraordinary proportions.
has been changed and the report before us is for the
latter
Septkmbkk
14,
THK CHRONICLE.
11*01.]
The last pretwelve months ending June 30 1901.
months
was
for the calfull
twelve
vious report for a
endar year 1899. In the yo.ir to Juue 30 1901 the
system moved only 32,927,468 buahtls of grain,
in calendar
and even
you
in
1899
it
moved 42,763,253
it moved
the calendar year 1898
average
ton milo, at
for 1899
very low, however, being 7
which figure
and 7
it
'J
mills per
compares with 74 mils
6 mills for 1898.
With the 11,625,105 addition to groes receipts in the
late year there was an augmen'auon of $1,745,955 in
bushels,
37,1
is still
531
expenses, leaving net earnings for 1900-01 1120, 790 less
than for 1899. The increased expenses were maiiily
on mainterance account, showing that tho road is
13,
084 bushels.
It is thus evident that the income results for the
late year were obtained under unfavorable conditions pursuing much the same policy as the American lines.
Y"et theso results are Cost of conducting transportation was enhanced only
in the particular mentioned.
For it appears that after allowing $220,026; on the other hand the outlays for maintenexceedingly good.
In full for all the year's charges, including the inter- ance of way were enlarged $707,935, and tne expendiest on the preference stock and for 5 per cent divi- tures for maintenance of cars $365,943.
These comdends on the common or ordinary stock, a surplus of parisons are interesting in view of the cuticiems made
suggesting that the company had been
liberal in these particulars than the United States
$1,114,458 remains on the operations of the twelve
months. The growth in the traffio and earnings of
in the past
this property in recent years has been no less wonderful than that of the United States roads in the same
roads.
The Canadian
current
fiscal
In 1895 the aggregate of the gross
For the late twelve
earnings was $18,941,000.
months the total was $30,855,203.
The company has
materially enlarged its mileage in the interval,
through the building of new road and the acquisition
less
prospectB for the
year are very encouraging, the wheat
crop in Manitoba this season being of large dimensions.
The monthly returns for July and August 1901 show
period of time.
of additional lines,
sarily
a gain over the
Pacific's
same two months of
last year of
no
leBS
than $799,302.
and these extensions have neces-
THE WABASH RAILROAD.
greatly added to the aggregate of the yearly
and dividends.
That
It will be admitted, we think, that the Wabash
these new undertakings the outcome should system, by reason of its location, occupies a strong po-
charges for interest,
rentals
with all
be so satisfactory, is encouraging in the extreme.
-Many gratifying features appear on a detailed ex
amination of the report. The further addition to
gross earnings during the late year (comparing the
twelve months endirg June 30 190i with the calendar
year 1899) was $1,625,165.
Of this increase roughly
a million dollars was in the passenger department.
This reflects at once the growth in the passenger business and the absence of that demoralization in passenger rates on trans-continental business which at times
has been so disturbing in the past. "We note that the
road carried 4,337,799 passengers, against only 3,818,857 in 1899 and 3,674,502 in 1898, and that it received
an average of 1*93 cents per passenger per mile,
against 1-79 cents in 1899 and 1-52 cents in 1898. The
improvement in rates has not followed alone from the
absence of rate wars. It is due also in no small measure to the growth of local passenger traffic the best
kind of growth. Proof of this growth is furnished in
the fact that, though the number of passengers car
ried has so decidedly increased as compared with both
1899 and 1898, the movement one mile, while above
that for 1899, was considerably below that for 1898.
The figures are 419 million passengers one mile
for 1900-1901, 397 millions for 1899 and 430 millions
—
for 1898.
The same growth
Situated in the heart of the country and
connecting such important traffic centres as Detroit,
Toledo, Chicago, St. Louis, Kansas City and Omaha,
sition.
has always seemed to us that the system must, in
course of time, show considerable value.
Until
it
within the last two or three years, however, the conditions have not been such as to
admit of
its
develop-
ment.
While times were depressed and earnings
small the management found themselves heavily
handicapped.
Earnings were not large enough to
permit outlays for extensive improvements and additions, and there was no way of raising much money
through new capital creations. In fact, in the earlier
years there was often a dificiency of income to meet
fixed charges, and a floating debt had to be incurred
to meet such deficiency.
When a good period came
along the surplus had to be employed in the liquidation of this floating debt.
The
few years
has been changed. Under
favorable business conditions and energetic, skilful
last
all this
management, business has been
steadily enlarged and
arnings increased in a noteworthy way. In the report before us President Ramsey makes an interesting
(
comparison, showing how decided the growth in revenues has been. In the year ending June 30 1897
gross earnings were only $11,526,787, whereas for the
year ending June 30 1901 the amount was $17,554,465.
in local business is observable in
the freight department. Owing to the falling off in The increase for the four years is $6,027,678, or over
the wheat traffic, which is hauled long distances, tb e 52 per cent.
Possibly to many of the security-holders
tonnage movement one mile for 1900-01 was only 2,383 it will appear as if the gain in net results had not
millions, against 2,539 millions for 1899; but in the case been proportionate to the expansion in gross receipts;
of the separate number of tons the showing is differ- but a study of the many analytical statements furent.
Here there has been a steady increase, 7,155,- nished in the report will quickly dispel any feeling of
813 tons having been moved in 1900-01, against 6,620,- dissatisf action. The management are pursuing an in903 tons in 1899 and 5,582,038 tons in 1898. More- telligent and enlightened policy in the administration
—
—
over what is most gratifying of all the expansion of the property.
They are seeking on the one hand
has been in manufactures and miscellaneous articles to develop traffic and on the other hand are bending
of freight; of these 4,161,356 tons were handled in all their energies to make it possible to handle this
1900-01, against only 3,256,807 tons in 1899 and but traffic with increasing efficiency and economy.
The
2,648,131 tons in 1898.
Partly from the same cause Wabash consists chiefly of main lines with only a
and partly because
of a better rate situation, a higher
average rate was realized per ton per mile.
Ttis
amount
branches, and this fact, together
with the further fact that competition and rivalry in
small
of
THE CHRONICLE.
532
[Vol. LXXIII.
For instance, with a further expansion in the tonnage
makes it impossible for the road to receive any but movement one mile, there was another reduction in
low average rates. The situation on this point is per- the freight train mileage. The freight trains ran only
haps sufficiently indicated by saying that though in 6,981,206 miles in 190001, as against 7,075,158
the late year rates slightly improved, nevertheless the miles in 1899-00 and 7,101,324 in 1898-99. On the
company realized an average on its entire freight ton- smaller mileage 1,978 million tons were moved one
nage of only 5*64 mills, this comparing with 5*58 mills mile in 1900-01, against 1,902 million tons in 1899-00
and bat 1,666 million tODs in 1898-99.
PerhapB
for the previous year.
The income account for the twelve months shows a it will be a surprise to hear that since 1894 the
final balance after providing for fixed charges and the Wabash's tonnage movement one mile
has almost
interest on the debenture "A" bonds of only $93,135. doubled, it having risen from 1,097 million tons to
For the previous twelve months there had been a 1,978 million tons. The company moved these 1,978
that part of the country have always been intense,
similar
surplus of $210,099.
As earnings
for
the
twelve months increased over one million dollars, and
as there had been talk at one time of some payment
on the debenture class "B" bonds, the outcome would
undoubtedly have to be considered disappointing ex-
million tons, as already stated, with a freight train
mileage of only 6,981,266 miles. In 1893, when the
movement was but 1,409 million tons,
the freight train mileage was 7,567,247 miles. All
this means that the train-load has been Bteadily entonnage
cept for the reason already given, namely that a large larged. The improvement in this respect in recent
amount of work has been done in raising the physical years has been quite noteworthy, the average load in
standard and condition of the property. In brief, the late year having been 309 tons, as against 291
there would have been a
much
much
larger surplus in 1901
heavier appropriations
than in 1900 except that
were made out of earnings for additions to the property.
In the previous fiscal year $223,664 was directly charged in this way; for the late year the appropriation was $544,126.
Moreover the expenditures on maintenance account were also much heavier
than in 189900. President Ramsey takes particu
lar pains to refer to this fact, pointing out that while
in the years immediately preceding many improvements in and additions to the property were made,
the work done in this direction during the late
twelve months was far ahead of that of any previous
period.
The total amount expended for actual addi
tions to real estate, tracks, shops, stations, etc., he
gives as $830,066, with $620,270 more for new equipment and $37,091 for air-brakes, steam heat, etc.,
making together $1,487,428. In round figures tl,000
per mile was expended on maintenance of way and
track improvement, we are told. It is also pointed
out that the amount expended for repairs of engines
($951,470) was equal to $2,187 per engine.
In making these large outlays the Wabash is sim
ply pursuing the same policy which all the large systems in the country are following. Previously the
tons
in 1899-00, 255 tons in 1898 99, 193 tons in
1895-96 and 175 tons in 1893-94. As a result it has
been found possible to increase the freight train earnings per mile run, notwithstanding a reduction in the
average rate received. The trains earned $1 60 per
mile in the late year, as against $1 50 in 1899-00
and$l 30 in 1898 99.
Both Chairman O. D. Ashley and President Ramsey
make some interesting observations on the new mileage that is now being built to strengthen the position
of the system and increase its earning capacity, and
Mr. Ashley also indicates what important benefits
accrue to a system from the growth of population and
the development of traffic resulting from the same.
Mr. Ramsey regards the prospect for the current
year as very promising, even in the face of
the partial failure of the corn crop and the strike of
fiscal
the steel workers.
He
says that the corn tonnage for
than 11 per cent of the
total tonnage.
A loss of one-half of this would not
cause the Wabash much decrease in revenue and such
loss would be more than made up by the traffic from
the building of the new lines under way and from the
company's ability to secure more traffic through the
the past
fiscal
year was
less
its freight equipment and from the
and from the Pan-American Exposition.
For the months of July and August the gross earnings
description.
Now that revenues are on a larger scale of the company increased $361,293 over the same two
the company has no alternative but to follow in the months of 1900.
footsteps of its neighbors and rivals. Even if the
money for this purpose could be provided through
RAILROAD GROSS EARNINGS FOR
new capital issues, it would be folly to attempt such a
lack of earnings, as already stated, had made it impossible for the company to undertake work of this
course while
work out
all
great increase in
travel
to
A UG UST.
other roads were paying for such
of earnings.
The
final result
would only be
Railroad gross earnings continue strikingly good,
gains being reported in face of the steel
bankruptcy.
further
The benefits that are accruing from the outlays al.
ready made are evident in the greater economy with
which the property is being operated. Mr. Ramsey
shows that with the large increase in earnings which
occurred in the late year there was actually a decrease
in transportation expenses, while of the $303,690 in-
workers' strike and the serious
crease in motive expenses $234,109 was due to the enhanced price of fuel. On the other hand, the
expenditures upon Maintenance of
ment
Way and Equip-
(to the exceptional character of
before referred)
damage done to the
The compilations we present
growing corn crop.
below cover the month of August and the exhibit is a
notable one. In the aggregate the improvement over
the same month last year' reaches the large sum of
$7,621,410,
this
986 miles of line.
embracing 102 roads operating 104,The improvement, too, is widely
distributed, only 16 of the 102 roads contributing re-
turns having fallen behind,
and the most
of these
which we have for only small amounts.
The present improvement comes after continuous
improvement in the same month of other years. In
1900 the amount of the gain was not of such exceptional proportions as it had been in some other
increased $561,632, this latter being
70 per cent of the entire increase in the expenditures
for the year.
Evidence of the improved work of the
operating department is also seen in other directions.
September
THE CHRONICLE
14, 1901.]!
monthp, and yet reached $3,4G(.>,551, or 6'14 per cent.
In August 1899, however, the gain was almost as
large as it is at present, aggregating then $6,815,170,
In 1898 and 1897, too, very conor 13*48 per cent.
Altosiderable improvement had been recorded.
gether the progress during the last four years in the
direction of larger totals has been of imposing dimensions.
Auijutt.
1900 (111 roads).
1901 (102 roads)
Jan.
1
Burnings.
Incrtotr
or
Decrease
Tear
Tear
Tear
Fear
Uwen.
Preceding
Given.
Preceding.
Mile*.
Milts.
97.382
95,784
45,066,687
%
40,085,879 Inc. 4,971,258
98,829
100.48J
48,880,000
46 682.564 Inc. 8.897,452
57,874,807
60,659.737 Inc. 8,615 170
101,222
98.436
99,116
97.9S3
69,840.941
58.8HI.39i
104,938
102,621
87,777,247
60.155.S37 Inc. 7,021,410
95.63}
95,065
98,436
815,226,269
305.869.6 tfl Inc. 9,865,628
356,775,434
99.101
899,700,123
441,422.176
440,882,212
322,069.517 fnc.84.7C 6,917
367.6S8.171 rnc.3S.Ul.952
i
Inc. S.48j.5ol
to AUQ.il.
1897 ,119 roads).
1898 (127 roads).
1899 (llfl roads).
1900 (111 roads)
1901 ( 98 roads).
The main
Corn
(Jon.
(bush..
(6-ti.V,
flour.
(bush.)
(bbii.)
"4 Inf.
ItarlM
(bush.)
(Lush.,
ravolis—
5 wks. Aug.. 1901
.'.wks. A up ltM'
0'iioe Jan.l. 1901
rtlnceJan.l, 190<
7,80.'
7.180.826
6.323,89
44.8I8.K i
190.812
47/Hi),8«
11.886
.
211.0U
974.62'
621.6.)
6.060.17'
8.907.04i
in
6.7»8.«7V
4,176. 17'
tse.so'
647.a6<,
961,401
84*. o
76.3,
1.027.960
805,196
if a fun a
ClitV—
'•wks. Aug., 190)
6.6-*4,8oi
H.'.ill'Of
i
wks. Aug., 1900
"lnoeJaii.i. looi
80.341.1)1,1
0.727.5*4
SluoeJau.l.lOOt
18.555.91h
0,074.87'
.
4,004.
1/07.501
total of allwks. Aug.. 19011 2.092.79) 32,>-3".fil4 13,399,361 il.652.1".
,
13.814.18
i« ,74«.00
5 wks. Aug., 1900 1.813.877 3H.210.45)
rilnoe Jan.l. 1901 .18,818.31' l*6.*33.Hl< lWt.2l0.19M 1123114 n
Slnoe Jan.l. 1900 14,176,918 129,024,01, 141.410.761 10721-' 8b
5
Mileage
1897 (123 roads)
1898 (187 mads
1899 (118 roads)
533
98.829
100,175
101,232
101,091
97,933
98,726
influences
893,841, «L 5 fnc.48.080,.->»0
J
400.949,796 Inc 39,93 .',416
1
.
the further expansion in
in
4
3/2
,60
a,02>',191
Taking CLiicago by itself and miking the comparison for the even month, the showing is much the
same. The receipts foot up 25,G78,834 bushels, against
24,866,691 bushels in August 1900 and 28,766,294
bushels in August 1899. There was, however, at the
point named a considerable augmentation in the
movement of hogs, ^the drought and poor prospects for
corn having induced farmers to send their live stock
The
deliveries of hogs were 650,927 head,
against 617,761
head in 1900 and 572,091 head in
to market.
To August
earnings has been the unabated activity in trade.
at.61
8.500, 3-L
t
1899.
RECEIPTS AT CHICAGO DURING AUGUST AND SINCE JANUARY 1.
been added a special favoring circumstance
in the extra passenger traffic to Buffalo due to the
Since January 1.
August,
holding of the Pan-American Exposition at that
1899.
1901.
1901.
1900.
1900.
1899.
point.
Most of the roads, however, which would re- Wheat bush. 8.377,828 7,654,248 1.922,317 29,452,252 17.878.S3l 16.879,606
this has
ceive the greatest benefits
from that movement are
not represented in our tables, not furnishing early
statements of approximate earnings. The New York
Central, though, is in our list, and its gains on that
account must have been considerable, though of
course representing only a part of the $814,590 increase for the month reported by the road.
The grain movement as a whole can not have af
fected results materially.
After the decided expansion in the wheat movement last year and the heavy
shrinkage in corn and some of the other cereals, the
changes the present year have not been of very large
proportions, there being losses at some points and in
6.017,504
4,695,040
10.245,025
11.933.362
Rye... bush.
319,137
Barley.bush.
729,342
162,091
421.950
Corn... bush.
Oats... bush.
Pork....bbls.
486
1,199
19,391,439
12,628477
8 309,512
2,366.120
656,927
617,761
Live hogsNo
197.982,
1,436.840
782,436
6,332,810
84,227.429
63,864,6J0 71.134,423
1,268,923
1,796,311
8,852.324
5.943,689
28,706,291 161,391,190 182,911,710 182,985,881
433,336
6,3:4,491
6,703,418
3.5S6.669
Total grain 26,678,831 24,866,691
475,2688,200
Flour ..bbls.
Cutm'ts.lbs.
71.752 03 <
9,748.727: 63.099.534
16,181,83a 64,570,624
2.E69
2
•52
4,454
16,283,0271113,776,960 122,087.12 187,679,978
3,065,986 48 665,769 39,118,178 49.187,182
6.700,876
6,617,393
6.820,021
672,091
The cotton movement
the South, while not of
in
heavier than in August 1900.
mainly at the Gulf ports and was
due to the fact that more than the ordinary amount
of new cotton came forward, the drought in Texas
having forced its early maturity. At the Southern
some cereals and gains in others. Taking wheat,
outports, the receipts were 103,020 bales, against
corn, oats, barley and rye together, the receipts at the
against 106,511 bales
40,807 bales in 1900, but
Western primary markets for the five weeks ending
in 1899.
The overland shipments were 28,553
August 31 the present year were 72,073,663 bushels,
bales againBt 17,517 bales in 1900 and 45,170 bales
against 70,972,258 bushels in the corresponding five
in 1899.
weeks of 1900, as may be seen from the following
large dimensions, was
The
increase was
RECEIPTS OF COTTON AT SOUTHERN PORTB IN AUGUST, AND FROM
JANUARY 1 TO AUGUST 31, IN 1901 1900 AND 1899.
details:
,
RECEIPTS OF FLOUR AND GRAIN FOB FIVE WEEKS ENDING
ACGDST 31 AND SINCE JANUARY 1.
Avijust.
Sl7ic«
January
1.
Port*.
Tlour.
Wheat,
Corn,
OaU,
Barley,
live.
(bbls.)
(buth.)
(bush.)
(.bush.)
(bush.)
(bush.)
1901.
1900.
49,093
OMeaoo—
6 wks. Aug., 1901
765,23!520.6- >f
6,479,01-0
9.714.661
8,28*.54»
2*,401. 617
17,879,331
6,850,254
5.44i,4l0
63.421,496
71,974,5;2
11,364,736
12.812.571
84.H67.609
84,185.688
345,291
6 wks. Aug., 1901
8*3,611
5 wks. Aug., 1900
Since Jan.l, 1901 J.66-,900
Since Jan.1, 1900 1,93:' ,651
682,25)
640,260
203 400
628,800
65*,«O0
4. 804.101
6 wks. Aug., 1900
Since Jan.l, 1901
Since Jan.l. 1900 6,727,616
1
351453
456,10(
5,874,053
8,846,624
173,340
1,439.610
1,277,198
62«,060
508.650
4,151,160
6,222,250
179,250
52,500
789.24
«
New Orleans
Mobile
Milwaukee—
dt.
8,378,4
6,689,30.)
506,950
2,211.100
8,641,260
6,9l3.70(
773, 50
051,700
Lnuis-
5 wks. Aug., 1901
6 wks. Aug., 1900
Since Jan.l, 1901
Since Jan.l, 1900
181,701.164.200
4,558.4i3
6,288,86
16,i63 62.
1,066,091:
U,4»7.624
233,530
1,38»,085
2,146,716
1,764, HOC
1,607,75'
14,694.500 lo,287.38r
17,156 490 8,810,745
13,640
6,0
58H.H9
602.250
i
210
361)
40.429
627,422
200,049
Wilmington
Washington, *o
Tolidn5 wks. Aug., 1901
5 wks. Aug., 1900
Since Jan.l, 1901
Since Jan.l, UOO
Detroit 5 wks. Aug., 1901
6 wks. Aug., 1900
Since Jan. 1,1901
Since Jan.l, 1900
Cleveland—
5 wks. Aug., 1901
5 wks. Aug., 1900
Since Jan.l. 1901
Since Jan.l, 1900
6,7(6
86,577
664 5
>
533,711
46\35<
86.80
237.36E
170.S00
2,074.719
1,661,271
5.1' 9,915
3,913,113
354.153
322,75m
1.4HH.782
1,335,748
887,852
1,834.30^
7.787,367
15,289,93-
1,598,592
1.655.400
3.278,526
3,838.638
1,957,747
2,134,930
698,642
438.450
8.248,060
1.466,980
2')5,65b
268.27s.
9,187
40.500
221.3<3
801,350
335,830
452.69T
287.466
640,546
(91,864
1,478,413
2,309,69
1,729,06.-
6,508,'. 66
1, 528.681
7,023,671
7,869,394
79,800
45,300
677,175
639,82"
620,700
76,000
1,059,800
860,360
1,696.818
1,400,650
11,580.318
10,499,450
1.489,100
2,0<8,800
9,060,800
7,450,900
88,000
24,000
1.02M.650
5 wks. Aug., 1901
600,000
5 wks. Aug., 1900
563,600
Stnoe Jan.l. 1901 8.624,086
Since Jan.l. 1900 2.800.785
1.718.978
1,270,308
9,408,690
21.612.264
4,752
?67.O01
4.831,202
2.873.308
40,191
29,665
941,238
629.064
145.8«0
76,301
178,947
888.020
63.762
....
7,S60.90fc
Psorio—
5 wks. Aug.. 1901
wks. Aug., 1900
Since Jan.l, 1 Kin
Since Jan.l, 1900
5
46.766
841,915
409,983
........
29.363
946.270
51,873
842.631
17,809
61.019
24,49
26.231
10.142
238
3,646
8,426
1,139
941
3,801
105,180
11,320
18.826
397.969
3,449
608
e4i-
73,573
82.54"
4,657
1.718
4,141
63.993
9t).99r
1
2
476
J ,(81
6,694
1,816
82.911
i:.:
,34h
662,904
29,270
857,153
66.443
123.013
278.625
66.187
68.214
1,216
61
3.891
l,€8l
51,971
79.691
68
176
23.790
812
2.889
4,021
171.108
170,087
310
1.386
311
7.C53
24,53t
103,020
40,807
280,001
16.102
1(6,511 2,893,928 2,424.315 2,312,649
We
21.H0,
16,80)
137,282
13,87-;
431.947
67,972
697,031
167,400
1900.
9.823
...
1899.
1901.
1899.
806.000
87,800
17,100
113.300
102.900
Duluth-
have already stated that the gains in earnings
by the separate roais were large, the New York
Central leading with an addition to its receipts of last
year of $814,590.
The Great Northern follows with
$703,742 increase, the Northern Pacific with $185,079,
the Illinois Central with $461,713, the Canadian
Pacific with $419,017, the Baltimore & Ohio with
$418,172, the St. Paul with $369,363, the Missouri
207.881
46.195
497.283
Pacific with $364,000, etc., etc.
203.6M
of all
changes exceeding $30,000.
Below
is
a
full list
THE CHRONICLE.
531
I
KIMOII'AL OHiNUIII
III
OH08N
New York Central....
Ot. Northern System.
Northern Pacific
$814,590
485.C79
MIhs. Valley.
Vazoo
Tol. St. L. <t Western.
Canadian Paoltlo
Baltimore & Ohio
410,017
418,172
369,363
364,000
270,567
255,430
Ghlo. Mil. <fc si Paul..
Missouri Paciflo
.
Cleve.Cin.Chio.&Bt.L.
Louisville & Nashville
Mo. Kansas & Texas..
(inuid Trunk Sysu in.
St. Louis & San Fran..
241,1 li
Wabaah
A
PlttsbuiK
Col. Sand.
Ala.
New
A
O.
Western..
Hocking.
A
T. P...
Total (representing
$7,371,303
45 roads)
134," 12
127.704
124,217
112,945
107,309
103,304
101,169
Buff. Booh. & Pitts...
Mlnu.Ht. P.&S.Sto.M.
Burl. Ced. Rap. <fc Nor.
Pere Marquette
Central of Georgia....
Seaboard Air Line*...
&
Chtoago [nd.&Loui
Peoria & Kastern
Minn. A St. Louis
Hoiking Valley
Wisconsin Central
Wheeling A L. Erie....
Gin. N. 0.& Tex. Pao..
206.295
205.248
159.05*
140.933
Choo.Oklahoina&Gulf
Southern Railway
Texas & Pacific
Chesapeake AOhio...
Chic. Great Western..
$79,69 4
64,222
60,556
60,439
60,-44
86,887
56,660
55,745
55,116
51,108
50,520
49,776
a3,003
30,867
Louis Southwest...
4 Kast Illinois..
Chlo.
4«i,7i:i
We
St.
70.1,742
Illinois Central
For three weeks
BARNINOS OF MIDDLE AND MIDDLE WESTERN ROADS.
Increaiei.
Iiicreaaca.
*
AKiHST.
lARNIlfOS 15
Decreases.
$57,181
35,100
Mexican National.
Mexican Railway.
t
5*9,584
Northn
Pacific.
>
St. Paul* Dul.
)
1900
1899.
1898.
1897.
1896.
1
428,416
1
433,669
t
450,579
1
387,637
$
347,748
2,637,981
2.474,037
2,210,1-65
2,232,115
1,887,486
621,fc3l
587.702
526.410
488,603
414,855
3,904,064
3,691,191
3,376.694
3,019,789
2,780,614
2,624,366
243.319
264,440
215,869
181,672
170,122
174.595
4.0,22-
8t.Jos.AGr.Isl
Wisconsin Cent'l.
125,91*
1.777.585 1,710.297
344,238
181.736
129,754
193.711
170.116
315,073
285,776
1,823,660 l,fc«5.5l3
62,658,802 62,299,876
116,821
470.2-4
£25,b70
Total
388,761
326.831
68.622,927 63C3784-(
1890.
1898.
1897.
f
168.897
608,847
524.192
f
127.628
S00.93S
1
148,960
t
126.639
361,769
t
105.89'
415,28:
Clev.Lor.AWheel.
Brantv.ATerre II.
212,106
142,287
449,145
139,460
.90,992
159,936
188,570
140,69
111,063
121,440
64,181
419,912
402,080
451,373
659,651
167PJ.7«r. 14.337,255 18.8V0.8SS 12,164.562 11.016.074 10,116.176
• Includes proprietary lines id mese years.
t In these years includes the earnings of Spokane Falls
1901.
A Northern.
Ot. So
Cent, of Georgia.
Ohesap.A Ohio.
192,9 5
172,1 -<4
689.0 2b
1.488.; 9"
197,2:6
434,41.
OlnJ^.O.&Tex.P
.63,28
LouIbv.
ANasL
.6
Mobile & Ohio..
Hash.Chat.& St. v.
Norfolk A West..
Southern Ry
Memphis Dlv
•!
St. Louis Div
Tazoo AMiss.Va).
1898
1897.
1896.
t
ltO.381
*
185,746
t
123,440
417,012
382,269
382,741
1,105,299
4i8.2dl-
4l7,3lf
804,707
862,259
265,600
2,414,675
2.159,145
2.290,001-
1,866,716
1,778,103
1,650.788
1 483,701
+165,800
+4b8,714
+350,033
279,187
880,078
l,088,c 1
1,006.409
*661.0Z0
$642,201
1 578.781-
525,93b
312,109
490,' 08
1.313,8e6
1.834,767
1,144,8119
946,22>-
1,011,672
C264G009 c2.126.02r Cl,717,366
(
401,020
S
(
176.8K
(
17,168
366,6121
10,912,8:9 10,260,108
139,978
130.79d
1412002
95,705
145,074
35'i.966
312.83*
299,82-
270.907
9,719,143
8,319,847
7,599,686
6.798,651
+ Includes Montgomery Division for these years.
c Figures lor 1901, 1900, lt*9 and 181)8 include South Carolina A Georgia,
Mohile x Birmingham and 161 miles of Atlantic A Tadkiu and Atlantic A
Danville.
t Includes Paducah A Memphis Division in these veins.
6 Freight on material earried tor company's own use is no longer credited to
earnings, the item Laving been eliniiLated from both earnings and expenses.
EARNINGS OF SOUTHWESTERN GROUP.
August.
1901.
1900.
1899.
1898.
1897.
1896.
I
•
*
1
1
t
Choc.Okl.AG.
430.640
283.: 07
165,243
1,017,800
860,131
307,29m
Den.AKioG.
Int.AGt.Nc.
Mo. K. A Tex
1,027,70!
Mo.P.AIr.M:
3.412.000
307.U-0
1,141,515
r,o;8.ooo
B.Gr. West
"J66.500
8t. L.
A
L
35.9'
1,382.626
S. Fr.
1(8.624
68,278
684,737
624.467
2b2,8'.»
295. 3 Mi'
257,487
1,10' ,5S4
106,652
fc87,7(:"J
2,4t8,112
2,521,245
421,400
27?,968
284.98-
983,630
9 \7 22
218 823
1,013.116
807,867
700,96V
601,266
616,3 6
515,396
561.062
813,107
18i.3Hf-
466.693
623,642
416,. 33
371)
685,403
9,476,716
8.281,240
7,2o9,88i
6,348,071
Bt.L. South «
Total.
,
138,908
784,090
2.701.790
87P.S88
Texai A Pau
Fourth week ot August not reported; taken sau.e as
1,1
680
313,908
(.66.680
460.381
6,444,163
5,462,477
last year.
EARNINGS OF TRUNK LINKS.
August.
Bal.
A Ohio
1901.
1900.
1899.
$
$
$
1898.
(
1897.
1896.
1
$
f
2.492,163
816,689
2.871.8S0
2.29^,366
590,662
510,953
1,309,651
1,250.008
1,120,960
4,454,003
4, C
35,831
3.C03.438
C.C.C.ASt L
1,720,50(1
1.449,93V-
1,366.611
Peo.AEast
228,615
171,728
178.407
162.503
175.327
140,605
r 1,958.806
1.623,215
270,00n
1,712.(.18
1.643.222
99.641
1U.519
B.AO.S.W
(
(
Q.T.of Can.
f
Gr.T.West > 2,645,34
D.C.U.AM
.
+
.w
.
317,303
106,118
6,795,467
5,980.87:
4,906,2.0
4.107,090
4,403,1-80
1,686,878
1,627,820
1,462,967
1.2^3,293
1,218.182
1,(63,303
17,530,809
15,604,740
18,796,850
1 1.9C3.439
12,103,1,50
U,t07.975
(
B c<" o nA Albany included
1
Mayl^iaw)!
28C.034
238,712
9u,319
3,871,645
'
N.Y.C.A H+
Wabash..
Total.
2,439,045 S
Va " ey
KH
only in 1901 and 190c the Beech Creek RR «nrt
for B " the yearS *nd the i allBr " ok svstem 'after
'
'
188,960
122 694
100,47*
111.309
335,068
230,019
147.4? 2
19-187
2,371,996
2,176.681
i.eso.ses
Pere Maniuette...
849,079
897,78;
764,^06
347.968
178.83*
225,063
08,627
185,674
+812,265
298.252
153.369
170.698
83.946
213,066
+516,811
PitUbV a Weit'n.
271586
+:0l,6.4
239.686
0.668
118.120
10-, 107
130,611
70.140
AT. H.
181,812
A Ohio Cent.
Tol. Peo. A West
Tol. St. L. A West.
Wheel. A L. Brie
Clev. Can. A So
248.081
Van.
St. L.
Fol.
109.654
2i6,113
315 456
172,916
185,625
98,301
190.7(9
(
318,666
|
267,468
238,101
7,103,086 6.648,460
l;
87,646
223.901
78.120
£9.456
48.088
205.477
103.537
'.1 '93
5,770,487
4,996.00.
4,415.673
143,944
(
8,201,043
St. Louis Alton A Terre Haute for all the
The Chesapeake Ohio A Southwestern and Ohio Valley are Included for
Utl, 1900. 1891), 1898 and 1897, and Chicago A Texas for 1901. 1900. 1890 and
Includes the operations of the
1898. ttesulti. on Yazoo Branch are not Included 'or 1901. 19o0, 1890 and 1898.
+ These figures are simply the totals of the Chicago A West. Michigan, Detroit Grand itapids
Western and 1'lint A Pere Marquette combined.
A
GROB8 EARNINGS AND MILEAGE IN AUGUST.
Oross Earnings.
Name
Alabama Gt.8outh'n
Ua.N.O.&Tex. Pao.N. Orl.&No. East..
Ala. & Vlckab
Vioksb. Shx.&Pac.
Ann Arbor
Atlanta Knoxv.&No.
Atl.
&
Valdosta
Ba timore
&
&
W...
Ohio.
?
Bait.
O. So'wn. ]
Belief onto Central..
Butt'.
"
Mileage.
of Road.
Booh. APitteb..
&No...
Pad tic
of Georgia.
Chattan. Southern.
415,767
i
143,4V
2.617,276
692.40K
Ontral
1,364.179
c2.976.89l C2,fc43,l82
Total...
lb0,6 4
8.6515
816.777
104,066
94,451
898,401
Canadian
~~%~
$
170.8 2
Alabama
8t 9,230
292.646
300.848
306.969
379 864
2.681,721
.
Chesapeake & Ohio
Ohio. & East Illinois.
Ohio. Great Western.
.
1899.
1900.
~T~
409.761'
447,98371.C2I
1
98.681
296.905
3,343.484
Burl. Ced. R.
EARNINGS OF SOUTHERN GROUP.
Aumtit.
459,970
364.198
189.497
141,616
1896.
[locking Valley...
Hllnoli Central t
t
*.3,n7.*!!7 12,118,666 *2.297,814 t2,C08,418
226.29L'
201.03"
188.192
194,148
303.04H
^10,388
280,890
li)2,bM
Iowa Central..
Minn. A St. Lou if
M.St. P.A3.S.M.
Pllti
1900.
rears.
734,771)
8,057,00(
(it.
A
1001.
$92,281
2 roads)
August only.
1901.
West.
Chlo.Mil.A St.!
Duluth S.S.AAt
Great Northern.
Chic,
Baff.Koch.
Chicago A Bast III.
Chlc.Ind.A Louisv.
Total (representing
91,752
87,773
of earnings
comparisons.
arranged in groups so as to facilitate
BARNINOS OF NOBTHWB8TERN AND NORTH PACIFIC GBODP.
Burl.Ced.R.AN
Canadian Pacific
Ann Arbor
Tota!
annex our usual six-year statements
August.
Awj
94 273
of
[Vol. lxxiii.
Chic. Ind. & Louisv.
Ohio. Mil. <k St. Paul.
Ohio. Peoria & St. L.
1901.
1900.
9
192,925
172,484
146,857
75.517
72.512
152.397
43,665
22,199
4,454,003
4,808
608,247
529,584
3.O57.00O
589,028
9.061
1.488,396
524,192
734,779
415,237
3,964,054
123,975
St.L.Chlo. ASt.P. \
Ohio. Term. Tr. RR..
136,591
Choc. Okla. & Gulft.
430,640
Cln. N.O. ATex.Pac.
466.287
Olev.Cin.Ch.&St. L.. 1,720,506
Peoria & Eastern
228.615
Olev. Lorain & Wheel.
212.105
Col. Sand. & Hook'g.
120,797
Denv. & Rio Grande.
1 ,027,700
Detrcit Southern
110,860
Dul. So. Shore & Atl.
243,519
East St. L. & Carou.
14,477
Bvansv. & Indiana;.
31,370
Bvansv. & T. Haute.
142,267
Find. Ft. W. & West.
12.820
tf a. South. & Florida
110,262
*r. Trunk of Can. . )
Gr. Trunk West..
2,645,340
.
150,204
60.767
53.048
127.528
46,455
17,536
4.035,831
2,784
500.938
428.415
2,637,983
497,276
9,414
1,364,179
459.970
621,834
354.993
3,594,691
117,864
116,539
283.707
415.767
1,449.939
171.728
189.497
86.894
1.017.8O0
93.921
254,440
13,531
33.825
141.615
11,380
95,047
'££&."!
™
"oo-
+ 20,441
810
810
—3,347
196
+ 14.750
+ 19 4«4
+ 24.86H
14
196
143
188
292
22S
118
188
29'.
—2,790
+4,663
228
118
+ 418.172
3,200
27
+2,024
+ 107,3 9
+ 101.169;
3,200
472
27
472
1.291
1.171
+ 419,017 7.563 7,438
+91,7'2I 1.845
ion
—353
+ 124.217 1.697
727
+ 64.222
92t
+ 112,045
546
+60 24'
+ 369,363 6,571
292
+6.111
1,641
105
1.476
711
929
546
6,422
33
+50,520
107
63 2
336
292
102
563
336
+ 270.567
1,89:
1.838
+56,887
+22.608
+33.901
36'i
192
273
352
192
273
+ 9.H00
1.722
1.675
42
589
(-15,215
162
82
28?
423
589
13
146
168
82
285
+2C6.295
4,042
4,042
+592,661. 4,598
3bc
+ 123.9 45
2t£
-12,857
34<
+55.74^
+ 461,713 4.265
96
+ 17.-1
885
+28.785
55?
22.4?0
610
+ 12,846
20
+ 2.069
172
+ 13.944
4.549
+ 20,052
+ 146.'
+ 16,939
—10 921
+ 946
—2.455
+652
+ 1.410
13
14t
.
>•
Det.Gr.Hav.&M.>
*t. No.— 8. P. M. & M
2,439,045
2.455,660 1,862.996
496,707
372,7 2
Montana Central..
164.930
177.787
Hooking Valley
449.145
393,400
niinols Central
3,343,434 2,881,721
Illinois Southern
12,333
12,160
internat'lA Gt. No..
335,965
307.180
Interooeanio (Mex.)
274.900
297,330
Iowa Central
201,033
188.1P"
Iron Railway
6,717
4,64 8
Mloh
Kanawha &
.
83.915
69.971
Lehigh & Hud. River
36,028
-.0,42r
Louisv.Hend.& St.L.
67.459
54,029
Louisv. & Nashville
2,114,575 2,159,145
lacon & Biruiing'ru
7,635
8.173
Manistioue
8,135
10.178
Siexloan Central
1.299,419 1,288,680
Mexican National..
572.235
629.416
Mexican Railway
301,700
336.800
Mexican Southern..
1/42.484
V40.517
Minn. & St. Louis
303,048
246,3-8
Minn.St.P.&S.Ste.M
430.228
326.834
Mo. Kan. & Tex. sys b 1,382,626 1,141,515
Mo. Pao. <fe Iron Mt.
3.281,000 2,931,000
Central Branch...
lb 1.000
147,000
Mobile Jack. & K. O
13,419
12,424
Mobile & Ohio!
482,700
465.800
Mont. & Mex. Gulf..
132,762
121.656
Nash. Chat. & St. L.
651.02Q
642.204
N V.Cen.&Hud.Riv.* 6.795.467 5.980.877
Norfolk & Western.
1,313,866 1.334.757
Northern Pacific
3,522.927 3.037,848
Pere Marquette
849,079
754,806
Pittsb. & Western. )
Pittsb.Cl. & Tol. }
397,734
347,958
Eastern of Minn..
.
304
262
346
3,996
—4.3^8
91'
+ 13.4'0
166
96
820
555
510
20
172
90
166
+255 430
3.261
3,183
—f> 3 3
97
—2.043
64
97
64
+ 10.739
2,186
1.323
2.054
1,323
321
260
643
321
228
643
1,355
2,480
4,938
1,278
2,222
4,938
388
50
876
390
388
—
—57,181
-35,100
—1.967
+56.600
+103 391
+241.111
+ 350.C00
+ 14.0OD
+995
+ 16.900
+ 11,106
50
876
390
1,195
—20.891
+485.079
+94.273
1.195
3,222
1,675
5.255
1,766
+ 49,776
352
352
+ 9,095
+ 1,284
180
646
312
68
180
636
312
68
+8,816
+ 814.590
3222
1.659
5.435
1,766
.
Pa.& Fair.
Rio Grande South'n.
Rio Grande Western
Pittsb.
47,458
47,418
+40
3/303,200
2/255,100
+48,100
116,821
807.867
481,368
173.838
74,099
+205,2^8
+ 79.694
1.915
1.258
1,659
1.258
Pres& Phx.
125,916
11,445
1,013,115
561.062
184.812
71.112
—2.987
158
224
158
224
Seaboard Air Line...
1/639,025
t/551,252
+ 87,773
2,600
2,600
19.951
20,964
-1.013
182
182
& Gr. Island.
& So.
St. Louis & 3. Fran.
8t. Louis South wes'n
St. L. Van & T. H...
St.
Jos.
St. L.
Kenuett
->antaFe
So. Car.
&Ga.
Ext...
10.16'
+ 10.974
Septkmbkk
THK CHRONICLK.
1901. J
14,
Mucuw
ftroi$ &aryi\nu$
Name
of Koail.
ncreait oi
Recreate.
1900
1901
'
H! IjiiiIh
Division
)
l
901
A Lake
&
Erie
)
8o
s
.
i960.
*
t
144,868
55.076
38.822
813,107
11.000
248.061
154
154
'i.737
8,786
80
174
227
80
174
21=.
,66ft
1.514
40
393
248
393
-'16,113
+60,439
4ftl
1,527,320
+ 159.058
2,367
318.566
267,458
470,254
356,612
+51,108
461
+ 56,116
950
+ 60.556
1,091
67.7T7.247 SO.155,837 +7.621,410
19-6
525.37'
417,168
,
ti.
1
24)-
451
2,358
464
950
1,021
1
'863
operations
b Includes Sherman Shreveport & Southern, Missouri Midland, and
extension to San Antouio from Way 15, 1901.
y Figures here given are for three weeks only of the month In both
years; the fourth week not yet reported.
ITEMS ABOUT BANKS. BANKERS AND TRUST CO'8
—The
week have been
aggregating 108 shares, which were sold
at auction on Wednesday.
la the " curb " market a small
lot of National Bank of Commerce was sold at 370 and 20
shares of North American Trust Co. at 231.
public sales of bank stocks this
two
lots,
Banks— New fork.
Price.
83 Mercantile Nat. Bank
254
25 State of N.Y. Bank of the.... 240
Bkaret.
—The
which seemed
crisis
:i
I
,
W
LJ
l(i
Boston and Albany Included In both years.
Earnings here given are for railroad only and do not cover mining
limited to
i
'
•
1.686.37B
..
Total (102 roadsi.
2,842.182
109,6.->4
Wlsoonsln Central.
Yazoo & M!ss. Val
2.976.894
+ 24,176
+ 134,712
+ 2.615
+ 11,701
+ 2!»>+ 127,704
+ 1.201'
+ 22,998
+ 11,027
142,248
43,372
32.524
685.403
9.800
225.063
98,627
185,674
Wabash
Clev. Can.
32.989
s
T.Hauto & Inillanap.
T. Haute & Peoria...
Texas Central
Texas & Paoltlc
Tex. Sab.Val. A N.W.
Tol. & Ohio Central.
Tol. Peoria & Wesfu.
Tol. 8t L. <fc West....
Wheel.
57,164
of tbeTrea«ury hereby ^lves notice that he will re
ami ciislder proposals for the *al. to in Government, "Li aoomit of the Sloklntc Fund of the United Statea, oer cent beads, loan
ofl908>1918j 4 per cent bond* funded loan of 1907; 4 per cent
muds, loan of 1925, and 5 per oent bond-, loan of 1904, i<> KB aunmi'
Proposals should be abnltted to
exceeding $20,000,003.
e
;>h, not lit r
litM t>\ letter or
than Thurs t.iy, the 12th
mnt., ami boflda accepted be promptly delivered at tbt I'nlted Htatea
-^nb-Treasury in New Yoik or to Hie Treasury D ipertmeot at
>abiiif,'ton.
The right to re)eot any or all proposals is flTprOHlj reserved.
The Meeretary
celv.
I
Sou hern Indiana
Southern Railway..
535
Last Previous
Sate.
June 1901— 280
Aug. 1901— 250
to be threatened in financial
•
i
retary.
Mr. Gige also announced the following policy in a
tele-
yrain to Mr. Tappen:
Reoognlxlng the unfavorable influence on general business affairs of
a continued absorption into the public Treiisury of revenue beyond
expenditures, I have dlreoted that incoming Internal revenue receipt*
be placed with national bank depositaries until a balance with each
reached eq'ial to the par value of the bonds held as security from
n
suoh depositaries. This will divert about $5,009,000 from the Treat
ury vaults
The Secretary will to-day invite proposals for the sale to the Government of $20,000,000 of United States bonds other than the DC w 2s.
It is believed that these steps will obviate the otherwise possible embarrassments whioh are pointed out in your telegram of yesterday.
Oa Thursday
afternoon Secretary Gage announced that he
had received proposals for the sale to the Government of
bonds to the par value of $7,695,700, of whi ,h$7 546 300 were
accepted, including $3,500,000 4a of 1907, at 118 752, and $3,500,000 of 4s of 1925 at 140. This will requ re the disbursement of about $10,000,000. On Friday §8,479,678 04 was paid
at ths Sub Treasury in principal and premium for these
bonds. Secretary Gage made a further announcement from
Washington on Friday. In the absence of the official copy,
which had not been received at the close of business yesterday, we take the announcement from the " New York News
:
of President M K nley Bureau" as follows
11
on Friday afternoon of last week was happily averted
The Secretary of the Treasury announces that the Treasthrough
the
prompt and effective
action
of
the ury Department will resume to-day the purchase of bonds of
Clearing House Committee. On Friday night J. Edward the 3 pfr cent loan of 1906 1918, the 4 per cent funded loan of
Simmons, President of the Fourth National B ink, and Ac'ing- 1907, and the 5 per cent loan of 1904, upon the basis of an inChairman of the Committee in the absence of Frederick D terest return of 1-726 percent, which represents the investTappen, called a meeting at the Buckingham Hotel of those of ment value of the 2 per cent consols of 193 D when selling at
his associates who were in the city, and there were also 106% in the market. This is the same basis of purchase
present James G. Cannon, Vice-President of the Fourth established by the Department last April and which conNational Bank, and William Sherer, Manager of the Clear- tinued until the 10th inst, when the Secretary invited proing House. A f this meeting the gravity of the situation wa8 posals for the sale of bonds to the D partment. The time
considered and the issue of Clearing House certificates to during which such proposals were to be received was limthe amount of $40,000,000, if necessary, was informally dis- ited to two days, and expired yesterday evening, the 12th inst.
cussed. After the conference Mr. Simmons notified the ab" In addition to the bonds of the loans named above, the
sent members of the committee that a meeting would be held Department will consider proposals for the purchase of bonds
on the following morning.
At this meeting, at nine o'clock of the 4 per cent loan of 1925 at a price not to exceed 140
on Saturday morning, all members of the committee except flat."
Henry W. Cannon, whose absence was unavoidable, were
A dividend of 50 per cent has been declared by the Comppresent. There were also in attendance in consultation J. P.
troller of the Currency in favor of the failed City National
Morgan, James Stillman, President of the National City Bank of Buffalo,
on proved claims amounting to $2,425 437.
Bank; James T. Woodward, President of the Hanover NaThe corner-stone of the New Yjrk Stock Exchange
tional Bank, and George F. Biker, President of the Clearing
building was laid with appropriate ceremonies on Monday
House. The situation was informally discussed and it was
afternoon by Rudolph Keppler, President of the Exchange.
decided that the banks and other financial interests of the
R. H. Thomas, Chairman of the Building Committee, made a
city should stand together for the purpose of checking the
brief address in whijh he presented extracts from th? re3development of panicky conditions. On Monday another
ords of the board illustrating the growth of the institution in
meeting of the Clearing Hou3e Committee, all the member?,
the comparatively short period of le9s than seventy years.
including Henry W. Cannon, being present, was held at an
Mr. K~ppler also made an address, at the conclusion of which
early hour, at which it was decided to obtain pledges of
th9
money to the amount of $30, 000,00"\ which, if necessary, the corner-stone was laid. In the receptacle thereof was
u^ual copper box containing copies of various interesting
should be loaned upon the Stock Exchange, thus preventing
of members,
any undue advance in rates. Tne improved condition of the documents, quota'nn lists, ticker tape, lists
committees and offi erg of the Exchange, United States coins
President, together with effective support which was given
for 1901, the daily morning papers of September 9 and other
to the stock market, seemed
aid
circles as the result of the shooting
.
—
—
to
in restoring confidence,
and none of the money so pledged was required. In the
afternoon Frederick D. Tappen, Chairman of the Clearing
House Committee, sent the following dispatch to the Secretary of the U. S. Treasury
Eon.
Lyman J.
Cage, Buffalo, N. T
—Horace
F. Burroughs, senior director of the
turers' National
Bank
of Brooklyn, di->l
the seventy-third year of his age.
the Builders' Material Exchange.
Manufac-
on Wednesday in
He was a^o
a director of
:
The continued absorption of money by the Treasury, in view of tinIncreasing demand for currency for crop moving, we truit will have
yonr Immediate attention, and measures adopted by which at least
some portion of this surplus may be replaced in circulation for the
benefit of the business
articles.
oommunlty.
—Tne
First National
Bank has made arrangements
to tike
out $2,500,000 additional circulation, part of which will replace the $1,400, COO notes of the merged National Bank of the
R public, when these notes shall be retired.
—The
The Secretary promptly responded on the following day,
issuing the subjoined notice, dated at Washington, to which
city he had returned to take active charge of the Treasury
organization of the United National Bank, capital
and paid-in surplus $200,000, was partially completed on Thursday by the election of the following directors: Christian F. Gennerioh, John G rken, Frank B. McDonald, William
F.
Hencken, Christoph F. Bode, John
D.-partment.
Reisenweber, William P. Rinckhoff, William von Twi9tern
F. D. Tappen,
Chairman Clearing House Conn
lttee.
$1,000,000
HE CHRONICLE.
f>36
[Vol. LXXIII.
—Mr. George N. Cate has been appointed President of the
Strahmann, Henry W. Gennerich, HeEry von
Thomson
First
National Bank of Marlboro, Mass in place of the late
Clifford
Minden. Charles F. Holm, Jacob Ruppert
(Saturday)
T.
A.
Coolidge. Mr. Cate formerly held the position of Viceand William Volk. The directors will meet to-day
and elect officers; the Cashier already selected is W. W. President of the bank, and is succeeded in that office by Mr.
Warner. The bank will be located at the corner cf Broadway William L. Morse. Mr. F. L. Claflin continues as Cashier,
— On Monday the capital stock of the "Title Guarantee &
and Forty-second Street, and it will open for business on or
Henry
C.
,
;
about November
—Mr.
1.
Charles Schneider, Secretary and
Treasurer of the
Allegheny Trust Company of Allegheny, Pa., writes us
hat that institution formally took over the business of the
Nation* Bank for SaviDgs, also of Allegheny, on September
The
3, on which date the trust company began business.
conparticulars
proposed absorption of the bank, as well as
cerning the trust company, incorporated only in July last,
have before been mentioned in this paper. The trust comi
pany has a oapital of $500,000 and a paid up surplus of
A commercial department and a savings depart
$60, CO 3.
ment
are
among
its special features.
Besides Mr. Schneider
B. Rodgers, President;
include Mr. William
Charles W. Dahlinger, Vice-President, and James T.
Assistant Secretary and Treasurer.
its
officials
—The
which
Coal
&
Iron National
Bank
voted to increase its capital
of
Wachob,
Cleveland, Ohio,
from $500,000 to
$1,000,-
Trust Company" of Chicago was reduced from $1,600,000 to
$1,580,000, making the capital of the new consolidated "ChiThe
cago Title & Trust Company" an even $5,000,000.
several companies forming this consolidation are still in their
respective offices, but the business will be soon concentrated
at No. 100 Washington St.— the elegant eiiteen-story building owned by the Chicago Title & Trust.
— Festus J.
pany of
Wade, President
of the
M -rcantile Trust Com-
Louis, has been visiting the cities of the East in
the interest of his very prosperous company, as well as that
of the Louisiana-Purchase World's Fair Association.
St.
—The new Metropolitan
National Bank of Cleveland, O.,
its cashier Mr. P. C. Pettit, who for saveral years has been officially connected with
the Dime Savings & Banking Company of that city. He
had filled the positions successively in that institution of
bookkeeper, teller and Assistant Treasurer, and possesses a
Cleveland acquaintanceship that will be of great value to
the Metropolitan National. He succeeds Mr. F. Bander,
is
fortunate in having secured for
months ago, has already issued $300,000 of its
new stock. The balance, Cashier Marshall informs us, will
This will who recently resigned.
be closed up this fall at $150 per share of $100.
be sold only to those whose influence will promote tb.e gen000 several
eral interests of the bank.
—The Commercial Trust Company
of
New
Jersey
is
now
occupying its new quarters, the removal to the same having
been completed this week. The building is located on Exchange Place, Jersey City, and the ground floor will be for
the company's own use. Not only are the offices of the institution handsomely finished but the structure itself is an
attractive one. Special mention might be made of the safe
deposit vaults, which are of the most approved model.
—
The proposition to increase the capital stock of the Real
Estate Trust Company of Pittsburg, for which a special
meeting was held on the 5;h inst., met, as was expected,
with the stockholders' approval. As noted in our issue of
July 13, 10,000 new shares, par value, $100, are to be issued,
the sale price being $250. Theintention is to add $1,000,000
to the capital, making it $2,000,000, while the balance of
go toward the surplus account. It is stated
the
that
entire new issue has been subscribed for by the
present stockholders.
$1,500,000 will
—A
[From oar own correspondent,
j
London, Saturday, August 31, 1901.
Business continues utterly stagnant, and everybody who
can get away is absent from the city. There has been duriDg
the week some slight improvement in Western Australian
shares, and a considerable rise in De Beer shares, chiefly
through Paris buyiDg; but ia all other departments there is
very little doing. The public is holding entirely aloof from
the markets. For a long time it has refused to engage in
any kind of new enterprise. Immense numbers of new undertakings have been prepared, but all the companies that
have been brought out so far, as a general rule, have not
been fully subscribed. In many cases they have failed almost entirely to attract the public; and this state of affairs
is likely to go on as long as the military operations in South
Africa last, for if these operations continue much longer, it
seems evident that the Government will have to borrow
again; and moreover the resumption of mining upon a great
scale will be further postponed, and consequently the hopedfor relief to the money market will not come.
In trade there has been some recovery in the iron and
steel industries and in shipbuilding, and a more hopeful
feeling exists. The impression is almost universal that as
soon as peace is restored in South Africa there will be a con-
call for the payment before October 1 of the first instalment of $50 a share on the stock has been made by the siderable revival.
On the Continent the dispute between France and Turkey
Federal National Bank of Pittsburg. The capital, it will be
is not regarded as very serious, yet it prevents any activity
remembered, is to be $2,000,000— $120 being the price at in business. In principle everybody agrees that France is
which the stock was sold. This will leave $70 still to be right, but even in Paris itself it is generally admitted that
paid, the payments for which have been divided into seven some of the claims put forward are grossly exiggerated, and
monthly instalments of $10 each, beginning with October therefore it is believed that France will not drive matters to
According to the best opinion in Paris the obextremities.
and winding up in April 1902. The bank expects to be ready ject of the French Government is two-fold. One is to imfor business by November 1.
press upon the Sultan that the determination to discourage
French enterprise in Turkey to the advantage of Germany
—Banking Superintendent Kilburn last Saturday granted will net be put up with much longer, and the other is to
to the Poughkeepsie Trust Company of Poughkeepsie a cer- prove to the world that France is now strong enough to astificate to begin business.
Various items have previously sert her interests, even though Turkey may reckon upon the
appeared in these columns regarding this company, which support of other Powers. Everywhere it is thought probable
that the Sultan will give way and that some kind of a comwas created by the consolidation of the City National and promise will be arrived at.
Poughkeepsie National banks.
Next to the Franco- Turkish dispute, the condition of afAt a meeting of the stockholders of the Ohio Valley fairs in Germany is the general depressing influence. It is
now generally recognized by all careful observers that the
Banking & Trust Company of Henderson, Ky., held on danger of a collapse in Germany has passed away; but there
September 3, it was voted to increase the capital from $187,- is widespread distrust. Great discrimination is practiced in
500 to $350,000. The new stock is to be issued on January 1 the discounting of bills and the granting of loans. Conseso,
next at $160 per share. The officers of the company are: quently trade is very depressed and is likely to continue
while it is evident that the slow liquidation must go on for
President, Mr. James R Barrett; Vice President, P. J. a long time. The state of Belgium is little better than that
Marrs: Cashier, B. G. Witt, and Assistant Cashier, F. P. of Germany, and matters look almo3t hopeless in Spain and
—
Geibel.
—The
Comptroller of th9 Currency has approved the application to organize of the Lumbermen's National Bank of
Tacoma, Wash., with a capital of $100,000. The incorporators are: Mr. R. D. Musser, President of the Lumbermen's
State Bank of Tacoma; P. M. Musser, President of Cook,
Musser & Co. State Bank & Trust Company of Muscatine,
Iowa; Peter Musser, Muscatine, Iowa; S. G. Stein, President
of the First National Bank of Muscatine, Iowa, and Charles
R. Fox.
Portugal.
For all these reasons there is exceedingly little doing in
France, but there is a hope that greater activity may develop after the Czar's visit. That the Czar's visit will be
followed by a large Russian loan is generally regarded as
certain, and it is hope i that tbe Russian Government will
employ some of the proceeds of the loan in giving orders to
These companies are now suffering
French companies.
severely, but if Russia gives the expected orders a reviIn Russia itself the crisis
val of confidence may result.
is as acute as ever, and unless the harvest turns out to be
betterthan is now anticipated, the distress will continue and
be aggravated.
September
14,
THE CHRONICLE.
1901.]
The one Continental countrv that just now in making undoubted progress is Italy. The period of revenue deficits
has now come to an end, and the taxes are bein« paid very
Moreover, there is undoubted development of induswell.
Already ther^
try of all kinds, especially in Northern Italy.
has been some alk of a conversion of Italiau rentes. It in
recognized everywhere, indeed, that conversion could not
successfully be carried through at present; but when the
Soutn African war is over and gold is again being received
from the Transvaal in large amounts, it is hoped that t lie
matter may be taken in hand practically, especially as now
the relations between Italy and France are much more
friendly than they have been for many years past.
Money in London continues abundant and easy. Even
during the Stock Exchange settlement, which came to an
end on Thursday evening, the demand was comparatively
small and was easily satisfied. The French banks are buying bills on a greater scale than ever, and the amount of
French capital now employed in London is far in excess of
anything ever known hitherto. In London there is some apprehension that if a great Russian loan is brought out in
In
Paris, French money may be withdrawn from London
Paris itself that is not considered probable. While the applications are being sent in, and for a week or two afterwards, it
is admitted that money may be transferred from London to
Paris, but it will quickly return, according to French opinion, for the accumulation of unemployed money in France is
so immense and the saving classes are unwilling to engage
in any kind of new enterprise. It seems impossible to careful
French observers that any material reduction in the capital
employed in Lmdon will take place. It is also thought possible in London that as France will have to buy a good deal of
wheat from the United States because of the shortness of
the French harvest, some of the money employed here may
be used for making payments. In Paris that again is thought
improbable. In Germany, on account of the general depression, money is abundant and cheap, as it is almost everywhere throughout the Continent.
The course of the London money market during the next
few months, according to the best European opinion, depends entirely upon the course of events in the United
If the outflow of money from New York to move
States.
the crops is very large, and if consequently rates in New
York rise sufficiently to make it profitable to take much
gold from Europe, rates will be very rapidly advanced in
London. If, on the other hand, there is no large drain of
gold to America, money will continue sufficiently abundant
London.
in
Meantime the value of money in India is decidedly rising
and the Iodia Council is disposing of its drafts very successfully.
On Wednesday it offered for tender 25 lacs and the
applications exceeded 729 lacs. The whole amount offered
for tender was allotted at prices ranging from Is. 3 3L-32d.
to
Is.
4 l-33d.
of the Bank of
rate of discount, the price of consols, &c.
The following return shows the position
England, the Bank
1901.
Aug.
Circulation
Public deposit*
Other deposits
Government securities
Other securities
Reserve of notes and coin
liabilities., p.o.
28,414,130
7,573,011
40,384,304
13,0"*,h58
28,794.796
24,118,920
85,73x.54b
*75-ie
60%
39,4l<>.247
63 7-18
Bank
Silver
Oleartne-House returns
The Bank
M
*
29.8C9.725
9.18S.7S8
40,007,133
18,0U4.51o
26,973 193
23,885,495
35.870,220
2?,4«8,077
rate
percent.
Consols. 2*i per cent
Aug. 81
»
8
a
27,935,895
9,308,7*1
13,413,096
30,1147,287
23,897.823
86,00",*1:*
it%
2^
106«
f.
'apanese yen
Interest at
Bank
Rate.
3
3«
84
34
Berlin
30.
Open
Market
\H
2*
2*4"
Aug
23.
Aug
Open
Bank
Open
Bank
Market
Rate.
Market
Rate.
3
34
8*
84
2 1-16
m
3
34
34
34
3
4
8t. Petersburg..
64
Madrid
Copenhagen.
4
4
4
4
54
34
5
6
5
S
6
Messrs. Pixley
ust 29
Aug.
16.
Bank
4
..
.
Rate.
Vienna
nom.
76 4
3
3
2*
2«
2«
4
4
54
nom.
3
1%
24
24
3
34
34
34
2«
3
3
3
4
84
4
34
54
34
5
6
nom.
& Abell write as follows under date of
Open
Market
4
274
276, fl
27
294
294
'264
•»« 7 i«
1899-00.
04,701.600
1898-99.
65,482,550
15,03\000 22.7H2.943
20,782,900 15,093,320
2,495,090
2,329,950
1.583,220
2,149,470
57,068,100 57,271,760
22,441,500 22,553,605
1897-98.
65.86ii,UO
20,150,704
15.193,590
2.40H.015
2,373,580
53,585,800
19.872,570
Supplies available for consumption (exclusive of stocks on
September
1):
1899-00.
1900-01.
1898-99.
1897-98.
65,866,110
19.872,570
23,582,502
Wheat Imported, owt.71,249, 200 64,204,600 65,482,550
importsof flour
22,925,400
*alesof home-grown.23,66j,332
22,441,500 22,553,005
31,449.009 84,111,619
Total
117,837,932 118,095,109 122,147,774 109,321,182
30s. 7d.
i.ver.prloewheat,week.276. 3d.
24a. 7d.
28s. lOd.
26s. 4d.
26s. Id.
36s. 4d.
Average price, season. 27s. Id.
The following shows the quantities
Kingdom:
tnaize afloat to the United
TKit week.
Wheat
qrs .2,434,000
Flour, equal to qrs. . 256,000
4aize
qrs.. .
880,000
.
and
of wheat, flour
Last ween.
2,609,000
1900.
2,080,000
321,000
910,000
215,000
700,000
1899.
1,739,000
410,000
890,000
Knttllsb Financial markets— Per Cable.
The daily dosing quotations for securities, etc., at London
ore reported by cable as follows for the week ending Sept. 13.
London.
ifon.
Sat.
Consols., new. 2H p.ots.
fr'oh rentes (In Paris) fr.
70%
70*8
9%
93g
\toh. Top.
& Santa Fe..
774
9834
102
954
Preferred
Canadian Pacific
Chesapeake & Ohio
Chloa. Great Western.
Chic.
Do
Erie,
MB. &
Paul...
Rio Gr., oom....
do Preferred.
&
St.
common
1st preferred....
2d preferred
txtulsvllle
& Nashville..
Mexican Central
Mexican National
Mo. Kan. & Tex., com..
Preferred
&
& Western
Norfolk
ARead
& Read, ,1st pref.
south'n Railway, oom.
•
•
«
O
fc
<
W
o
X
w
w
o
o
"
116
454
24
1634
474
954
425a
71%
994
104?8
95
117
47
24%
170
48%
974
444
728a
58
59
1484
1054
254
1484
106
254
154
304
703s
93a
938
784
994
783s
994
104%
1044
95
95%
1144
1104
474
24%
1694
47%
59
150
106
254
144
35%
354
<
734
21%
38%
100
74
h3
O
W
27
57»a
32%
884
994
894
444
95%
22
40
t
644
924
21»8
394
274
594
334
89%
101
90
23%
162
169
724
58»8
149
1064
264
144
30
56
92
100
30
57^8
564
145
1035a
244
14
28
54%
1554
157
35
33%
564
924
54
744
214
744
21»a
914
984
724
194
39
39
38
2738
273§
59 4
58?8
264
564
33
90
90
101
91
454
964
224
414
644
1114
40^8
6938
574
1574
1014
101
94
43»8
57
O
9
43%
1564
56
69^
754
964
46
244
723s
56
544
924
93i*is
94
01-774
44%
944
155
3478
Eh
27
474
96%
m
a
47
fri.
97
14
29^8
*
•
Deb. "B"..
79
70%
H
OD
Jnlon Paolflo
Do
Thur$.
Wed.
rue*.
26ii 16
2615i6 261&16 27
93Hi6 931^6 931*16 93i~'i6
94
94
94
93%
10185 10185 01-774 01824 101-85
2615i6
V abash
2%
34
274
do 5 grs. gold.oz.
do 4 grs. gold.oz.
do 3 grs. gold.oz.
Cake silver
oz
Mexican dollars. oz.
5
27
IMPORTS.
U. 8. Steel Corp., com..
Do
do
pref..
W
22.
.
1900-01.
aio'tsof wheat, OWt.71,249,200
Barley
19,531,600
23,210,000
Jats
2,398,530
Peas
1,846,940
lleans
64,747,200
Indian corn
22,925,400
Flour
2 i-ia
24
84
Aug.
-±\)
The following shows the imports of cereal produce into the
Jnited Kingdom during the fifty-two weeks of the season
•ompared with previous seasons:
•Phlla.&Read.,2dpref.
9.
Aug.
d.
Nominal.
Do
do
pref.
Northern Paolflo, pref..
fennsylvanla...
94
2*
24
3
oz.
BrLVKB.
London Standard.
94 Bar silver, tine. .oz. 27
4
Do 2 iuo. delivery 27ixe
5
Bar silver, contain V
77
76
76
76
76
i»r
Phlla.
'
Phlla.
Aug
d.
i.
gold, fine. ...ox- 77 10
4
I. H. gold ooln...oz. 76
lernrn gold ooln.oz. 76 5
5
ooln.oz.
76
fronoh gold
•
and open market rates at the
have been as follows:
137.6ll.000
27 3-16d
133.3J2.000
22.
29.
S. Y. Cent'lA Hudson..
8. Y. Ontario
West'n
28^a.
Aug.
Aug.
GOLD.
Condon Standard.
110 11-16
27 11-16 a.
141.641,000
94 7-16
87d.
183.765.000
rate of discount
ohief Continental oities
for bullion are reported as follows:
89,9.17,699
-%
4
98 6-16
The quotations
Den.
189S
1899.
Aug. 30
"Hi
29.719.170
9.245.H0O
42,013,653
16.x88.417
26.64tf,t<48
OoinAbulllon.bothdepartm'ts
Prop, reserve to
1900.
Aug.
28.
537
46
97
100
32%
31
87
974
101
904
464
89
97
94
22
434
22%
22%
41
41
394
644
64
62
Price per shar*
nom.
34
gtommjetxial and ftfllstzll&uzans %zws
6
Aug-
:
Gold— Tbe Bank rf EDgland has gained only £11,000 in balance
duriDg the week. Orders for Vienna are in the maiket, but as supplies
are very limited, the price has advanced as quoted below. The Bank
has made no change in its buying price, which remains at 77s. <>4d.
Arrivals: Australia. £51,000; West Indies, £t>6,«00; River Plate,
£15,000; total, £132,800. Shipmeuts: Bombay, £32,500 Colombo,
£9,000; total, £41.500.
Silver— Tbe quotation for spot has fluctuated between 26 7»d. and
27d., the maiket closing steady at the latterfliure. A fair amount of
silver has been taken by the Kast. but at the close orders la the market are on a more limited soale. The Iudian price is 6^4. Forward
silver has r>een in some demand, and the price hns ruled fioui i^d. to
4d. over that of spot. Arrivals: New York, .£ 170.900 Australia,
£2,80O;Cbill £2,000; West Indies. £38,0i'0; total, £2 13.700. Shipments: Bombay, £70,000; China. £112,500; total, £182.5"0.
Mexican Dollars -A moderate business has been doue in these, and
at the close the price is steady at 264d. Shipments Straits, £ 1,550
China, £14,100 total, £15,650.
—
Imports and Exports for the Week. The following are
che imports at New York for the week ending for dry goods
Sept. 5 and for the week ending for general merchandise
Sept. 6; also totals since beginning first week January.
FOREIGN IMPOSTS.
;
;
:
;
;
Forvoeek.
1901.
1900.
1899.
1898.
82,198,785
10,107,177
S2.503.B83
8,162,997
§1,776.216
7,844,263
81,717,891
4,759,576
Total
Since Jan. 1
>ry Goods
?en'l mer'dlse
$12,305,962
$10,366,880
$9,620,479
16,477.467
*73,471,819
312,302,088
884,138.592
290,247,747
•71.794,623
282,227.788
J65.949.673
231,531,911
Total 36 weeks
385,773,907 J374.386.339 9354,022,411 $297,481,539
Dry Goods
ien'1
mer'dlse
THE CHRONICLE.
538
The following is a statement of the exports (exolusive of
from the port of New York to foreign ports for the
week ending Sept. 9, and from January 1 to date.
BXPOBTS FROM HBW TORE FOR THE WEEK
ipeoie)
)
BANKS.
Capi-
(00i omitted.)
tal.
aur- Loan*
plut.
Lh. T. Uepntil with
A Ifk. Clear 'g Other
.
it
Invest- avtcie
ments.
For the week.
»8,52»,3H7
310,401,783
$10,881,582
362,900,651
§8,043.568
344,838,647
Prev. reported
$8,(5^6.204
Note.— Ab the neuron of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also oompllud by the Custom House, we shall from
time to time adjust the totals by adding to or deduotlng from the
amount "previously reported."
The following table shows the exports and imports of
ipeoie at the port of New York for the week ending St- pt. 7
and since Jan. 1, 1901, and for the corresponding periods n
1900 and 1899.
EXPORTS AMD IMPORTS OF SPECIE AT NEW YORK.
Import*.
Exports.
Bold.
Week.
Since Jan.
1
$1,764,851
18.209,788
7,384,567
$
West Indies
Week.
Ail other countries.
Total 1901
Total 1900
Total 1899
204,208
908.673
326,253
582,561
62,564
39.144
19.975
17,418
42,668
30,515
1.114,000
$2,000 $29,207,781
9.800 47,164.804
64.000 25,867,242
1
*871
$
6til,3.)2
2,000
Since Jan.
$76,537
30,228
50,467
$2,085,130
1,650,315
9,251,137
Imports.
Export*.
Silver.
Week.
Since Jan.
1.
$554,895 $32,430,081
697,495
2,220
243,347
21,250
1.016
West Indies
All other countries.
Total 1901
Total 1900
Total 1899
,
$
1,517
65.033
6,458
2,491
$554,89* $33,307,900
964.428 35,179,633
0*3.623 32,418,973
,
Week.
»73 008
136,103
59.319
Since Jan. l
$25,283
4,720
223
209,668
1,890,134
394.696
33,892
$2,558,616
3,427,565
2,705,^41
Of the above imports for the week in 1900, $43,887 were
American gold coin and $739 American silver coin. Of the
exports during the same time $2,00l> were American gold
coin.
BANKS
Capital. Surplus.
Bank of N. Y....
Manhattan
Co...
Mer chants'
Meohanios'
America
Phenlx
Olty
Chemical
Merohants' Ex..
eallatln
Butch.* Drov's*
Mech.A Traders'
Greenwloh
Leather M'f'rs..
State of N. T....
American Exch.
Commerce
Broadway
Mercantile
Paoifio
Chatham
People's
2,000,0
2,060,0
2,000,0
2,000,0
1,600,0
1,000,0
10,000,0
300,0
600,0
1,000,0
300,0
400,0
200,0
600,0
1,200,0
6,000,0
10,000,0
1,000,0
1,000,0
422,7
460,0
1,000,0
3,000,0
Irving
Citizens'
Nassau
Market & Fulton
Shoe & Leather.
Corn Exchange
Oriental
Imp't'rs'&Trad.
Park
East River
Fourth
Central
Second
Ninth
Plrst
N.Y.Nat'lExch
Bowery
N. Y. County....
German Ameri..
Chase
Fifth Avenge...
German Exch...
Gennanla
Lincoln
Garfield
Fifth
Bank of Metrop
West Side
Seaboard.
Western
1st Nat., B'klyn
Liberty
N. Y. Prod. Ex..
New Amsterdam
As tor
Hide A Leather
C
200,0
North America
Hanover
Total
Borough oj
Manhattan,
,
600,0
600,0
600,0
900,0
1,000,0
1,400,0
300,0
1,600,0
2,000,0
260,0
8,000,0
1,000,0
300,0
760,0
10,000,0
300,0
260,0
200,0
760,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
200,0
300,0
200,0
600,0
2,100,0
300,0
600,0
1,000,0
260,0
360,0
600,0
„ *
2,084,0
2,192,4
1,106,6
2,274,9
8,163,1
Loam.
Specie
$
$
18,599,0
21,912,(1
13,282,8
14,177,0
18,693,9
243,8
4,760,0
6,170,7 117,299,0
6,942,6 21,301,0
244,0
4,866.0
1,898,8
9,160,9
72,4
1,094,8
126,6
2,485.0
178,3
972.2
600,6
4,662,8
626,9
4.269,3
3,233,0 29,812,0
6,768,7 71.5J8.6
1,869,1
6,196,1
1,297,7 13,771,2
603,6
2,722,6
990,6
6,025.3
349,7
2,212,2
1,023,1 1.2, 162,0
6,434,9 49,208,6
449,2
4,189,0
371,0
3,183,0
280,9
2,928,2
986,7
6,143,8
219,2
3,988,0
1,763,8 22,106,0
412,6
2,130,0
6,046,8 24,602,0
8,863,6 60.811,0
153,1
1,301,6
2,477,6 23,174,3
526,6 11,404,0
8,611.0
973,6
2.201,8
77,3
11.0*6,8 76,950,7
124,6
3,716,6
729,2
3,101,0
4,041,0
697,4
3.472,5
395,6
2,513,4 42,024,8
9,1Q2,»
1,362,3
2,309,8
682,5
3,084,8
837,2
994,4 13,035,6
6,836.7
1,168,2
2,143.8
367,8
6.831,3
1,0763
2,574,0
446,1
944,8 13,227,0
2.287,6 39,178.6
4,480.0
616,7
7,066,*
72H.9
4,522.)
402.8
7,437,0
668,3
4,209,0
417,9
2,923,3
365,3
8,190,0
7,706,0
2,493,3
1,972,0
2,765,9
827,0
29,327.4
6,065,2
818,1
1.013,6
240,3
228,0
101,6
1,640,0
382,6
3.580,0
7,337,7
862,3
2,849.7
218.0
714.8
187,6
1,602,2
7,776,3
734,1
670,0
410,4
834,6
865,8
4,075.0
147,1
4,846,0
15,68^,0
141,7
2,967.8
1,985
1,530,0
260,6
15,003,6
669,0
360,0
873,6
645,1
10,781,2
2,401.8
248,6
408,8
1,132,8
1,430,7
377,3
1,289,6
429,0
1,887,0
9,017,1
607,0
1,218,7
814,3
1,718,8
812.0
462,4
o'
Legal*.
Ltevomit
He.
servt
9
|
P.O.
1,822.0 18.620,0 269
2,018,0 28,488,0 341
1,790,2 16.046,6 266
1,014,0 14.033,0 212
2,636,1 21.819.C 247
878,0
4,672,(1 26-8
6,661,4 183,134.8 2R-»
2,404,2 24,781,0 30
508,1
5.33D.2 24 8
888.6
7,413,7 263
67,6
1,082,2 275
254,0
2,609,0 18 4
170,0
885.6 30 7
166,5
5,127,3 350
319,2
3,930,0 179
1,857,0 23,167,0 282
6,931,1 61,269,7 233
849.0
6,310,7 228
1,810,0 15,287,5 29-2
365.
3,088,9 18'8
887,6
6,112,7 28'2
606.4
2,792,6 24'8
1,473,8 12,571,0 24'4
6,987,2 64,016,0 25'4
449,7
4,451,0 266
196,8
3,423.6 224
216,9
3,290,3 190
637,0
6,187,7 23 7
228.0
4,493.3 241
2,069,0 25.891,0 236
253.0
1.986,3 201
1,220,0 23.345.U 259
2,9b3.0 65,068,0 286
170,1
1,370,7 23-1
3,301,3 21,422,5 268
1,885.0 14,142,0 238
989,0 10,452,0 24 1
231,2
2,276,4 216
2.^5(5,4
73,254.6 24 8
349,5
4,008,1 26'4
307,0
3,178.0 206
336.7
4,468,9 228
288,7
3,314,4 246
2,014,7 50,552,4 25-3
358,8 10,680,6 260
775,8
3,020,7 338
439,6
4,615,7 18-6
2,310.6 16,015,3 229
268,7
6,734,8 25 2
156.3
2,176,6 24-4
483,7
7,646,4 232
347,0
2.999.0 25-8
2,222,0 16,951,0 25-7
2,658.4 46,469,7 25-1
700,0
4.800,0 272
625.0
7,077,5 24-6
340,5
4,613,3 25 5
416,1
8,700,0 246
212,0
4,131,0 24-7
72.7
2,195.5 23 8
I
'
81,722,7 96,061,7 885,145,8 1701361 78,703,8 947,692,1 25-7
I
/1ynf.
Net
rpoHU
Tiki. Ac
t
«
t
16. .8
83,9
127,0
68,7
60,6
Columbia
107.0
46.2
40,9
81,7
87,8
99,6
120.8
142.0
135
62.7
120,0
178.0
99.2
184.9
9.1
84,4
146.2
80.0
26.0
115,0
12,7
241.0
30,0
49,7
47,2
41,7
14.2
9,3
12,7
130 3
47.6
1
246,9
172,0
187,1
179.9
99.9
129,3
273.4
174,8
218.0
%
1860.0
8.0
25,0
6.4
126,0
62.2
96.3
3350
66,7
118.0
205.0
70,9
247,9
90,5
....
112.0
104,0
10.0
17,4
71.7
43,0
96,6
94.2
33,8
47,2
6,7
9.4
14,6
10,8
61,1
15,3
85,9
36,8
326.1
164,7
17,9
85,8
119,3
80,0
28,2
80,0
30,2
136.8
170.6
61,6
48.0
273.0
261,0
282.0
8.",0
32,5
42.2
104.0
64,6
66,1
11.2
60.0
2.6
60,0
34,2
.'.
182.0
121,0
10,2
30.4
112,4
10.1
33,0
40,4
0,4
4,2
....
88,4
90,4
334,8
116,1
56,7
125.6
77.3
77,8
10,8
66,8
3.3.8
382,3
71,4
72.2
13,8
67.0
....
8.3
26
502
61.7
49,8
38,4
10,0
27,7
63,9
19,9
7,6
1840
10428
3946
1728,0
1212,9
2741 3
36,0
4
1344.7
1402 6
1318,2
1684.8
2797,5
1498,1
2417.0
14!,.
21,7
66.5
61,4
22,1
4,4
2721.0
85,0
882.0
59,4
67,4
51.6
1373.7
882,9
848.1
868.0
600,9
78.0
380.6
1108,0
1775,0
1030,2
388.7
667,0
780,8
3043,9
4189,0
950,8
888.0
3825,0
3126,0
8486
951,7
604,6
1237.0
527,3
728,5
764,7
Borough of
Richmond.
ttank of Staten Isl
at Nat., bta ten Isl
Other Oitie*.
at Nat., Jer. City
60,9
89,2
597,3
741,9
15.6
42,1
114,8
130,1
67.6
781,2
749.6
400,0 911,2
4971.2
263,8
67,5
912,2
238,2
149,7
267,5
153,6
356.7
188.9
64,6
8.4
6671,1
1937.7
1029,2
1027,2
1-61,4
732,8
26,0
100.0
Hud. Co. Nat., J.C. 250,0 586,6 2085,5
2d Nat., Jer. City.. 250,0 317,2 1215.8
944,9
8d Nat., Jer. City.. 200,0 241,6
1st Nat.. Hoboken.
21 Nat., Hoboken.
110,0
125,0
63,6
36,9
98,5
21,8
473,5 2085.6
897,7
110,8
38,7
76,0
Totals Sept. 7.. 9262,0 8959,7 70244.8 2997,7 3979,3 8054.9 2395,9 74869.0
2517,9 75034,2
Totals Aug. 31.. 8262,0 8958,7 69910,1 3045.4 3983,6 8341
Totals Aug. 24.. 262.0 8958.7 700.(6,4 3011,3 39449 8072,9 2818,0 75251,7
Boston & Philadelphia Banks.— Below
the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the nonsve
ui
I
100,0 188,8 1641,8
300,0 208,3 2871,0
Ward..,,
(Eleventh
100,0 123,0 1148.4
fourteenth Mtreet. 100,0
72,8 1287.2
lansevoort
200,0
21.7 1261.7
-iamllton
200,0 100,3 1483.6
-fount Morris
250,0
67,1 2180.1
Vfntual
200,1) 161,1 1406,9
Nineteenth Ward.. 200.') 136.8 1895.0
Plaza
100,0 213,8 2330.0
itiverslde
100,0 125,1 1038,9
100.0 273,6 8811.0
state
200,0
Twelfth Ward
32,2 1223,0
Twenty third W'd. 100,0 74,9 1011,4
200,0 383,5 2446.7
7 nlon square
forkvllle
100,0 209,1 1476,4
100,0
Washington
26,4
668,6
Fidelity
200,0
94,5
436,6
Variok
100,0
63,6
851,2
JeCerHon
200,0
61,9
598,6
Century
100.0
180,9
63,9
Nat. Commercial.. 300,0
651,3
18,0
rioro'h of Brooklyn.
Bedford
150,0 117,8 1210,7
iroadway
100,0 179,9 1628,9
Brooklyn
300,0 153,8 1080.4
363.8
Eighth Ward
100,0
37,4
Fifth Avenue
702.6
100,0
70,6
Singe County
64.4
730,7
160,0
2652,2
* anufaot'rs' Nat'l. 252,0 428,
4echanlC8
500,0 355,1 380 1,1
981,1
tfeoh's' <fc Traders' 100,0 185,9
20,7
658,4
Merchants'
100,0
Nassau National.. 300,0 815,0 3571,0
National City
300,0 564,3 2838.0
827,0
^orthSlde
100,0 142,0
926.9
Peop'es
100,0 132,7
660.6
seventeenth Ward 100,0
72,8
-tprague National.
200,0 237,5 1167,4
618,8
Twenty-slxth W'd. 100,0
56,8
644.9
84,4
100,0
^nlon
772,2
•«'allabout
65,6
100,0
colonial
New ¥ork
New York City Clearing House Banks.— Statement
condition for the week ending Sept. 7, based on average
daily results.
We omit two ciphers (00 J in all cases.
trots*
<1W VORK ClTT.
814,673,891
Total 36 weeks 1352.882,115 $373,791,133 *318,9^0.170 $323,240,095
LXXIH.
Reports of Non Member Banks.—The following is the
tatement of condition of the non-member banks for the
*eek ending Sf;pt. 7, based on averages of the daily result.
Ve omit two ciphers (00 in all canes
1898
1890
1900.
1901.
[Vol.
furnish a
member
(Jily,
summary of
banks.
Capital *
Surplus.
Banes.
Loan*.
Specie.
N. ¥.»
9
|
Aug. 17.. 177,784,4 884,810,3 1817111
"
24.. 177,784,4 887,837,4 1829266
"
31.. 177.784,4 895,186,6 1767914
Sept. 7.. 177,784.0 845,145,8 1701351
HOS.*
Aug. 24..
"
7..
Phlla.*
Aug. 24..
"
sept.
•
38,716,3 169,881,0
38,716,3 171,356,0
38.715.3 172.668.0
81..
7..
Deposits.*
9
$
77,868,1
77,258,9
77,159,0
73,703,8
67,632,9 191,663.0 13,997,0
67.632,9 191,798,0 13.970.0
67,632,9 193,002,0 13,732,0'
31..
3ept.
Legal*.
$
984.829.2 29.039.0 10286059
988,149,6 29.007.6 964 503.1
11258386
96>i.l21 9 30,097,4
947,692,1 30,868 4 997,339,7
7,923.0 209,507.1
7.503.0 208 8B7.0
7,1^8,0 207.988,0
8,050
114.937.2
8.064
106.164 8
8,067,0 102,728,8
199,638,0
207,832 ,0
208,078,0
9,850.0 127 229,8
9,815,0 89,219,7
9.830,0 86.488,9
65,763,0
60.403,0
68.906,0
We omit two ciphers in all these
_ ~9~
Oirc'l'n. Clearing*.
So-ure*.
tlnolading for Boston and Philadelphia the item "due to other banks."
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.
Stocks.
Bonds.
83 Mercantile Nat. Bank... 254
$10,000 Boston United Gas
39LikensVal.RR&CoalCo. 80
Co. 2d 5s
55%
1 Membership Adirondack
$1,000 Louisville Henderson
League Club
$500
106^
& St. Louis RR. 1st 5s
25 Bk. of the State of N. Y.240
100 Century Realty Co
100
&
fpanttttifl atud ffttraticial.
Spencer
27
A:
29
Trask &
BANKERS,
PINE STREET,
Co.,
....
NEW YOBE
Transact a general banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIES
Members N. Y Stock Exchange.
Branch
State
St.,
Albany
AXEXANDEB M. WHITE
Geokge Barclat Moffat.
Moffat
Office, 67
&
Jl.
White,
BANKERS,
...
NEW
INVESTMENT SECURITIES.
Members New York Stock Exchange.
No, 1
NASSAU STREET,
YORK,
September
THE CHRONICLE.
14, 1901.1
Name
of
September 13
iiii.mis.
When
Per
Company.
Sixty Days
Prime bankers' sterling bills on London. 4 89 4 a 84
94 82^t
Prime commercial
'944 82
Documentary eommerolaj
l'arls
CI.U J
una lty«A U.Stk Yds
rdam (guilders) bankers
iniiii
(relchm'ks) bankers
Vrankfort or Br
do
do
Chic.
Milwaukee
&
pref. (quar
do
St.
ri
.com. (qu.)
Paul,
)
com
!<
o.t
Oct
a
Oct
2
pitf
do
do
do
Chic, •*> North West., pref. (quar.)
Chic. R. I. & Pacltlo (quar.)
Man luil tan quar.
8 > Ool
s
I * Ool
1
Oet
Northern
St. Joseph
do
1
Nov
1>4
)
(
Pacltlo, com. (quar )
So. Bend >fe Southern,
com..
do
do
Street Knilwnys.
pref..
Easton (Pa.) Consul. Electric Co
i
.
>1
^ Sep
1
Sep
3t
4
Philadelphia Traction
United Trao. & Blea, Providence (qu.
West End st Huston, Mass., com
Nov
Sep
Ool
34
Ool
Oet
1 34
Sep
1
to
Sep
l Sep
11
to
Ool
29 Holders of I'll u.
80 Holders of rec Ool
to
1 Sep
39
Sep
1 Sep 21
to
S( p
1 Sep 1
Sep
to
5 Ool n
to
Ool
to
Id sep [a
Sep
10 Sep [a
to
Sep
1
i
)
SOo.
"
,
-
New Haven
Royal Baking Powder,
Sloss Sheffield Steel
A
3i
p
1
1
1
Oct
1
30
Ool
pref. (quar.)
Iron, pref. (qu.)
1
Oct
14 Oct
,
1 34
do
do
do
pref. (quar.)..
United Fruit (quar.)
United Gas Improvement (quar.)
United Shoe Mach., com. (quar.)
do
pref. (quar.)
do
Western Union Telegraph (quar.)
Westlnghouse Air Brake (quar.)
.)
do
(extra)
do
Westlnghou8e Mach., com. and pf. (qu.)
t On $15 paid shares.
i
1
2
28
15
1
2
1
Oot
Oct
Ool
10.
Oct
14 Oct
Oct
2
2
Oot
14 Oct
1*4 Oct
24 Oct
34 Oct
14 Oct
10
1
.
1
1
1
4
).
i
40',,
96
owing were the
rates of domestic exchange on
at the under-mentioned cities to-day: Savannah,
buying 1-16 discount, selling 75c. premium; Charleston,
Imying par. selling 1 10 premium; New Orleans, bank. $1 00;
commercial, $1 88 discount; Chicago. 5c. discount; St. Louis,
Francisco. 10c. per $100 premium.
par;
Niw York
I
—
United States Bonds. Sales of Government bonds at the
Board include $10,000 2s, coup., at 108 5 3 $15,500 Is, oup.,
and $1,000 4s, coup.. 1025, at 187. The following
1907, at
are the daily closing quotations
for ytai ly range see third
page following.
<
;
1 1 :,
,
2
Sep
to
to
of rec
of reo.
;
l
Sep Sep 24
15
15
15
15
15
Sep 19
to
Sep 21
to
Sep 15
to
Sep 21
to
Sep 1!)
to
Sep 15
to
Sep 26
to
Sep 22
to
Holders of rec.
Sep 20
to
Sep 21
to
Oct 15
to
Sep 21
to
Oct 1
to
Oot 1
to
Holders of rec.
Holders of rec.
Sep 24
to
Sep 24
to
Sep 21
to
Sep 25
to
Sep 25
to
10
10
10 Oct
1
to
*
l
Interest
Sept.
Periods
4 Sep 30
1 34
31
s,p 1
26 Holders
li Holders
1
Oct
Oct
Aug
1
24 Sep
2
Tent Weller Co pref. (quar.)
Union Bag A Paper, pref. (quar.)
Union Ferry (quar.)
Union Switch A Signal, com. (quar
1
1
Ool
20c; Sep
14 Oct
Iron <ft Steel
Otis Elevator, pref. (quar.)
P. Lorlllard, pref. (quar.)
04*
19V *5 10»s
40
9
94">i„*
>i«.
foil
Su
I
34
1 34
6
c
9
23 Sep 17
to
Sep 98
l Holders of rec. Sep
Sep 18
l
to
Ool
().
1 Sep is
to
2
14
Less
The
]
i
Oct
Oct
1«4
•..
'
15o Sep
do
do
do
pref. (quar.)
General Electric, com. (quar.)
Hartford Carpet Corporation, pref
International Steam Pump, com. (qu.).
MerRentlialir Linotype (quar.)
Nat. Enameling .V: stamp., pref. (quar.)
National Sugar Refg pref. (quar.)
81
39'3i»a
94 4 a
94 864
i
l«i. IImimoiii.
Alabama Consol. Coal A Iron, pref.(qu
American Bank Note (quar.)
Aiuer. Iron & Steel Mfg., com
*6
6 21'«
bankers' (Francs)
U
KmiIi.mi.U (Mtenin).
4 86
4.
1«
Books Closed.
(Days Inclusive.)
Cent Payable
39
Posted rates of leading bankers follow:
autuetV (&<xzztU.
nn
->
o.t
Oot
a
1
Sep 80
Oot
ii.
i
•let
7
Ool 16
Ool
1
Sep
M
Ool
Ool
2
l
Sep 30
Ool
Ool In
Ool 10
Sep 80
Sep SO
1
Sep 30
Sep \W
Ool
8
Ool 10
Ool lo
(let 10
WAM. STREET. FRIDAY, SEPT. 13. 1901.-5 P. M.
The Monej Market and Financial Situation.— As is well
known, the security markets have been dominated almost
exclusively this week by the condition and prospects of
recovery of President McKinley. The shock to the country
2s,
2s,
2s,
2m,
3s,
3s,
3s,
3m,
4s,
4b,
4s,
4s,
5s,
6s,
registered
1930
ooupou
1930
1930 .sma 1. registered
coupon
1930 small
registered
1918
coupon
1918
y-Jan
Q—Jan
Q— Feb
Q— Feb
Q—
Q—
coupon |Q— Jan
registered Q— Feb
coupon Q— Feb
registered Q— Feb
com on Q— Feb
*107i.,
8tpt
Sept.
9
10
•107U -107'« -108
•107»4 "107
;,
4
noi'h »iog% *i'083e
*108'«s •108-S, •10838
1907
1926
1926
1904
1904
-113
•137
•137
•108
*108'4 •108 "a
1918, 6mall.reglstered ;Q— Feb ...... ......
coupon
Feb •108 •108 •108
1918, small
registered
Jan •112 "112 *112
1907
•113
•137
137
Sept.
•113
•1374
*137»a
*107»4 •107*4 *107»4
•107 34 *107'4 -10734
108«8
8t
„L
13
108~
1084
•1084 •1084
•1084 •1084
108
108
•1084 •108
i"08'
•112
•113
•138
•138
•108
•108
112
113
138
138
108
108
•112
113'4
•138 4
•1384
•108
•108
Is the price bid at the morning board; no sale was made.
State and Railroad Bonds. Sales of State bonds at the
Board include $45,000 Virginia fund, debt 2 3s at 96J^to
•This
—
$2,0(0 Alabama class A at 108, $1,000 Tennessee settle3s at 9514 and $300 ditto, small bonds, at 94};.
The market for railway bonds has, un 'er the disturbed
conditions and in common with other departments, bpen
sensitive and irregular. Speculative bonds, some of which
f ave recently been noted as strong, suffered the largest percentage of decline, and only a few issues escaped the general
tendency of the market. Conspicuousamong the latter were
Central of Georgia consol. 5s, which sold up to 106%, a gain
of 4 points, and Northern Pacific issues were relatively
strong. Daily transactions were limited to little more than
$1,500,000 par value.
!><;i .'„
ment
caused by the attempt upon his life late on Friday led to a
sharp decline on Saturday.
This decline was doubtless
greatly modified by steps taken by the Clearing House Committee and leading bankers to provide against a possible
Stock and Bond Sales.— The daily and weekly record of
contingency in the money market or on the Stock Exchange.
Hopefulness inspired by the President's steadily impro\ ing stock and bond sales at the various stock Exchanges, forcondition during the early part of the week was reflected in merly given on this page, has been transferred to a place by
a substantial recovery from Saturday's low quotations, but itself. It will be found to-day on page 546.
less favorable reports from Buffalo this morning caused
Railroad and Miscellaneous Stocks.— The immediate
heavy aggressive liquidation and dec'ining prices to day.
effect upon the stock market of the deplorable event noted
The condition of the money market has been, to some above was a decline, averaging between 5 and 10 points, of
extent, an artificial one, owing to the action of the ( learing practically every stock dealt in during the short session on
House Committee referred to, and 6 per cent is the highest Saturday, when the transactions aggregated nearly 1,000,rate quoted for call loans. A proposition made by the Secre
000 shares and included all classes of stccks. The tone was
tary of the Treasury to purchase bonds has met wi h sub
decidedly more hopeful and rapid recovery was made on
stantial response, and his plan by which the Government Monday and Tuesday, during which a large percentage of
deposits in national banks may be increased was received the decline mentioned was recovered. On Wednesday and
with favor. From these two sources there may doubtl ss Thursday the market was dull and irregular, the volume of
be a. material offset to the flow of currency to the interior.
business having steadily declined from Saturday's -total to
The open market rates for call loans on the Stock Exchange about 400,000 shares on Thursday. To da>'s market opened
during the week on stock and bond collaterals have ranged several points below last night's close, and generl weakfrom 2 to 10 per cent. To-day's rates on call were 6 to 10 per ness has prevailed on unfavorable news this morning and
cent. Prime commercial paper quoted at 5 to ~t% per cent.
conflicting sensational rumors throughout the day.
The Bank of England weekly statement on Thursday
A few issues have held relatively strong, including Evansshowed an increase in bullion of £42.484 and the percent- ville & Terre Haute, Chicago Indianapolis & Louisville,
age of reserve to liabilities was 52 73, against 55*30 last Chicago St. Paul Minneapolis & Omaha, Canada Southern
week; the discount rate remains unchanged at 3 per cent. and CI. Cin. Chic. & St. L., the latter two on rumors of a plan
The Bank of France shows a decrease of 13,325,000 francs to place the so called minor Vanderbilt lines under control of
in gold and 6,075,000 francs in silver.
a proprietary company to be organized for that purpose.
The New York City Clearing- House banks in their stateThe miscellaneous list generally followed the course of the
ment of Sept. 7 showed a decrease in the reserve held of market, dominant influences being the same in all depart$10,111500, and a surplus over the required reserve of ments.
$6.915,875. against $11.919,925 the previous week.
As was to be expected, the news of the
Outside Market
shooting of the President on Friday afternoon caused a con-
—
Differences
1901
Sept.
1900
from
7
Sept.
previous week
1899
8
Sept. 9
disoounts
Circulation
Net deposits
Specie
Legal tenders...
*
81,722,700
96.061,700
885.145,800
30,668,400
947,692,100
170,135,100
73,703,800
Dec 20.429.800
Deo 6.656,300
Deo 3,455,200
74,222,700
91,035,000
818.808.000
29,106,400
906,281,400
179,291.900
73,334,700
Reserve held..
Legal reserve.
243,838,900 Deo 10,111 500
236.923,025 Deo 5,107,450
252,626,600
226,570,350
211,068,700
208,609,775
26,056.250
2.458. i>25
Capital
Surplus
Loans
&
Surplus reserve
NOTK.— Returns
$
Dec 10,040,800
Ino
6,916,875 Deo
of separate
571,000
5,004,050
58,922,700
77.382.UOO
747,646,300
14.067.000
831 139.100
161.083 200
49,985,500
banks appear on page 538.
siderable decline in prices on Saturday in the outside market
With the exception, however, of Standard Oil, which
dropped about 10 points, the fall did not exceed 4 points in
any instance. Between twenty ami thirty stocks were affected to some extent, but of these only about o e third fell
ever 2 points. The favorable reports from Buffalo ou Monday gave an upward tendency to prices on that day, and by
the middle of the week the market had almost recovered its
.strength.
Today, however, on the reports of a relapse in
Mr. McKinley's condition, a sharp decline ensued and the
market dosed in some instances at lower figures than were
reached on Saturday. Consolidated Tob.i
the most
last Friactive issue during the week, which closed at 68
day, fell to 65 1 on Saturday, reoovered to 88J4 on Wednesday, and today receded to 04V Several other stocks moved
in a similar way, among these being American Can common and preferred, which close at 22 and 7. ,. as against
25 and 75 a week ago. Seaboard Air Line common and preferred close at ~Vo and 18J^, compared with 28 and 5l s la>t
bid against T7 4 bid,
Friday. Dominion Securities »'
ia 74'
Otis Elevator 30 agait st 33. and standard Oil 755 against
7:5.
The copper stocks all are lower. Outside quotations
-
,
Foreign
Exchange.— The market for foreign exchange
has fluctuated somewhat, under the influence chiefly of
money market conditions. The tone is unsteady ami the
market dull at the close.
Today's actual rates of exchange were as follows: Bankers' sixty days' sterling, 4 82^@4 82?
demand, 4 85@4 6
8
;
cables, 4 85%@4 85%; prime commercial, sixty days, 4 s 2@
4 82J4; documentary commercial, sixty days, 4 82(n4 v
fram for payment, 4 82 1^ta 4 82%; cotton for payment,
82@4 82i|; cotton for acceptance, 4 82@4 82^.
.'
,
;
;
.,
1
;
;i
:!
_,
will be
found on page
540.
New York
in.
81
/it.
•si
•21
as
56
»50
72%
Tip-.
I
a
1
'
Sept.
%
26
00
-20
B
'
77-
96%
96'
103
69
93
07
.
l
l
i
ia
162
42'
1
H)
66
162
',
...
1
76%
1
l.'.ur,
:
HH
;
87
77
77
1
1
07
'2
71
7
78
'•_•
c
45%
39
77
39
38k
7s'.,
1
72
9
,
111',
70'i
10',
68=
126
186
.
93%
98
9
12% 111
'2 1
75
96
'."
1
I
94 '4
91"
98% Bait. A
',
9
107
1
164
16H
39
78
1
199
'2
&
125
12.
130
2:;
:mi
2:;
127
130
L26
93
93
49
»83%
19
„
1
»84
1-
;
,
166
lf,l".|
is;,
185 "a
192
101',
193',
138
•135
110',
71
71
t
140
110
185
•17.".
'175
185
20
20 H
20%
38
31)
39
80% 8'J 3
80
*113 118
114
*30
140
185
21
40 Hi
'127
127
13 % 14
53 >a 54
23% 24%
101
217
45
91
104
221
45
93
Ha
'
130
1
2
195
'2
143
iil-ff.
Vol.
190
21%
40%
21
36
Pacific
(
,
126
127
22
*90
23
93
1.550
pref
95
119
*80
'70 4
•30
72
1334
7::
54
55
*70% 70%
14%
'-a
24 H
163% 101
219% 221 Hi
45
40
92% 94 Ha
2-1
14'4
14 H
14%
55
50 l4
55
25
24%
25
94% 95%
09
09
10
11
18% 19%
39*8 42
07% 71%
IOHj
19 '4
11
A Eaet'n Illinois
prel
L3oo
24206
ihlcago
180
184
181
183
58
94
30 H
185
830
183%
8%
9
51%
143
*35
70
75'*
144%
38
70
*50'4
76
143
30
74
36 34
71%
70
31
81
19 78 19 7s
41% 42
*7
*7
9
*30
62
8
30
35
02
85
62
00 H>
'123
128
• 251% 275
*251% 275
73 '2 73V
100 103% 101% 103 U
114'4ll7
115 117
102 Ha 104 Ha 103 164»4
-30
40
*90
93
23
2-1
23% 24%
7
12
13
12 s
14%
*105
104% 104% 105% 106
"21" "21"
72
20Ha
52 3
4
100
73
2S'-.
55
101
4
115%
25%
-70
28 Vi
75
152
38
110
78
.213
2 Hi
37
110
95
141
27
>•
Hi
26
144
7
s
'.j
40
ll 3
107%
10.
116%116%
25% 26
Hi
75
29'.
55%
8
57
'4
104
154%
:
,
5414
97
05
05
'&
'110
....
80
81
'213
210
34',
"l'i
40 Hi
'
:;i'',
90
"63
0,7
*92
*88
98
71
14 I 7*
&
42
90
09
"38% 39
220
43
93
69
09
Wlieel'g.
&
elaw. Lack.
Denver
Do
Denver
Do
64
*90
42%
5714
00
94
11
West'n.
& Rio Grande
pref
& Southwestern.
pref
Des Moines <fe Ft. Dodge.
Duluth So. Shore & Atl..
23 '4
179
181
4
*52
53
53'..
Great Northern, pref
Green B. & W., deb. ctf.
*38
72
49% 51
73
73
72
300
A
B
Valley
owa Central
Do pref
Kanawha &
Michigan..
ansas City So. vot.
tr..
pref. vot. tr. ctfs.
Do
Keokuk
Do
Lake
Do
L.
& Des
Moines...
pref
Erie <fe Western...
pref
Shore
&
Mich. South'n
Long Island
Louisville
90
86
Deo
Dec
Ucc
107
.Ian
Fel,
Jan
1% Sep
1
01
May
50 Hi Apr 30
M ay
>„
"2
.Ian
Apr 30
7 2 Hi
13S'., Jan
Apr 31
9
J. ill
136% Apr 28
120 '2 Jan
136 Apr 18
10
Jan
20 2 Apr29
9 1% Marl5
90 Jly2
75 MaylO 90% J'ne24
Jan 3 56 Mar 14
42
29
27
Nashville...
Manhattan Elevated...
etropolitan Street
Met. West Side El. (Chic.)
Do pref
Mexican Central
Mexican Nat'l tr. receipts
Michigan Central
Minneapolis cfc St. Louis.
Do pref
<fe
99%
May
2
'4
Jan
J'ne28 118
J 'in
1
Oot
;;i
1
1
19%
I"
Deo
Dec
is
J'11.
t
30
Mar
Aug
125
'
9% Sep
;
Dec
Deo
42% Deo
42 Deo
-Jan 144
Jan
9
1
'4
AU2
Jim 45
Dec
Deo
Dec
Dec
Apr
44% Sep 12 14 Jan
Deo
75% Apr 2 45'.( Jan
May
.I'm 148% Dec
Mav 3 109 Ha Jan 187% Dec
Mav
Dec
2 5
150% J'ne
]
I
248
1
April 195%
Dec
220
175 '4 J'ne 6
Dec
145 Api 11 110 Oct 120 Nor
180 Mar29 *ll April 172 Feb 175 Mar
1 1 % Dec
10% Jan 19 131 Apr 10
Apr
33 Jan 21 5 7 Hi Apr 16 20 ',
Deo
73 May 9 9S'.j Sep 11
55 J'ne
Deo
115% Jan 12 121 Apr 2" 103%J'ni
,
27% Jan 7 37 Mar li
400 67 Aug 7 77% Feb 8
17,535
6% Jan 21 18 Apr 29
0,025 40 Jan 31 58% AngSO
4,600 10 '2 Jan 4 2834 Apr 29
6,400 105 May 9 185% Apr 8
2,550 188'4 Jan 3 244 May28
13,300 29% Jan 21 53 H2 Mav
10,250 80 Jan 21 103%
71 J'ne27
65 Sep 1
69 J'ly 29 69 J'ly 29
600 18 Jan 30 45 J'ne 5
5,630
5 Jan 9 12% J 'lie 5
5,900 13% Jan 8 23% Sep 13
3 40,540 24% May 9 4 5 Ha J'ne 4
45,850 5934 Jan 21 73% J'ir-29
17,300 39 4 Jan 4 61 Mar21
28,953 41 Jan 31 68 Apr 12
pref
Llllnols Central
35 2 36
70
70
*33% 35
ctf.
9,705
8.000
17,000
Do
141% 143
40
deb.
Hocking
72% Jan
52
92
200 81
100 17
Jan 4 95
Jan 18 30
1
1
Hi
46
5
36
Jan
Jau
Sep
Sep
Not
Apr
8% Deo
47'4 Mar
20 '4 Mar
72
Dec
171% Sep 191% Deo
10% Jan 3 Hi Deo
64%J'n« 87 Dec
1
12
4
J'ne
J'n.
J'ly
12
10% Sep
30% Sep
Sep
15
38% Oct
74 Oct
12% Mar
April
Apr 20
4,700 107% May 9 208 Mar 15
65 Jan 2 07% FeOl i
2o
7% Jan 2s 11% Apr 2 2
1,800 40% May 9 57 May 6
920 6934 Jan 21 80 May 2
7,900 124 Mav 9 154% J'ne29
3,400 21 Jan 21 43" J'ne21
4,350 48 Jan 21 87% J'ly 1
800 21 Jan s 41 J'nelo
400 13% Jan 4 25 Apr 30
3,200 35 Jan 4 49 Apr 30
5% Jan 3 10% Feb 13
24 Jan 2 36 Apr 4
2,020 39 34 Jan 21 08% Apr! 9
100 108% Jan 21 130 Marl"-'
8230 April 250 J'ly 18
300 07 Jan 3 82% J'ne22
46,650 70 May 9 111% J'nel7
53,620 83 May 9 131% Apr 22
14.5W 150 May 9 177 J'ne24
110 27 Jan 9 38 Sep 1 2
92 J lie 5
79% Jan 1
11,020 1234 Jau 21 30 May 2
Apr 10
15
73,300
3<? Jan 24
21
Dec
20
Deo
6% Mar
20% Nov
27% Deo
03% Dec
43% Dec
54% Mar
94% Apr
J'n.
191% Dec
53% Mai
Dec
8% Dec
42% Dec
74 34 Deo
132 34 Deo
27% Deo
144%
5%
Sep
30%Jan
Jan
58
110
J'ne
11% Jan
Sep
Jan
Sep
39
10
7
5197 Jan
47 Ha Jan
84
J'ne
,143 34
Sep
24 '•Jan
70 Feb
-
Sep
Mar
58
Deo
17% Apr
43% Apr
Deo
23 Deo
52 Deo
115 Dec
4240 Dec
89 May
89% Dec
110% Dec
L82 Feb
37% Ai>r
84% Nov
17% Dec
5
Mar
25
27% Sep
3% May
14% Oct
20% Mar
83% Feb
10% Jan
00
!'
-
!
•"'
,
1
-.
143
Ha
31%
75
65
75
70
74% 70
51% 53'4
40
94 %
1
Apr
Apr
,
55",
88
81
-12."4
05
218
15%
e
Dec
s'J 7 a
ifc
4
'2
144
30
05
14
1
a
1
107% Mar 4 107% Mar 4 5104 Jan 115 J'ne
71% Dec
_.l '1R
1,100 07 a4 Jan 19 111% J'ly 19
800 101% Jan 7 117H: Aug 9 s7»..J'n« 104% Nov
27
Apr
Aug..
Sep
Mav
1,500 15
14
Minn. S. P. & S. S. Mane.
9 28%
500 49 Apr
Do pref
78 J'ne25 47 Xo\ 09 Apr
17%Dec
0,035 15 Jan 21 35% Apr 20
9
Mo. Kansas & Texas
47% Dec
Apr 19
9,100 37 May 9
Do pref
72% Deo
Jan
J'ne!
4
49,550
Jan
4
Missouri Pacific
124%
69
100 78 May 9 85 Aug'22 35 J'nt 49 Dec
Mob.&O..J.P.M&Co.rects
May
20 1'JlHa Jan 8 197M Apr 9 ;iS3%Jan
Morris A Essex
152% 15 1'-, 153 163
Central & Hudson. 20,C5o 139% Jan 21 170 Mav 2 125% J'ne 145% Dec
149 % 151
NY.
Deo
24%
J'n.
Mav
11
40
42 ij
41% 42 H
(Jliic.
St.
18,400
42%
T.
Louis..
16
9
40 Ha
J'nt 110 Dec
112
...
112
100 97 Mar 1 115 Mar2Do 1st pref
110
J'ne 58% Dec
80
82
S034 82
9,000 47 Mar 1 83 Sep 13
Do 2d pref
78
83
120 Apr 1 120 Apr 1 400 Ma-. 420 J'ly
New York & Harlem
Feb
Jan ?lSo Mar
21
139
Jan
15
Lack.
&
Western...
134%
X. Y.
Sep i'2io% Jan
214 210
214% 21 r 211 216 X. Y. N. Haven & Hartf.
100 £206% Feb 27 .'17 J'ne24
Dec
34>,
ISMJ'ne
33%
31
32 H N. Y. Ontario & Western. 60,450 24 May 9 40% May 1
3
Dec
Mav
2
Jan
10
57 4
50,975 42 Jan
54% 54%
D
52 Xorl'olkdt Western
51
Dec
200 82 Feb 15 90% J'nelS 07 Jan
90
90
89
Do adjustment, pref.
100 77 '4 Jan 21 11700 May S 45% Sep 80% Dec
122 Hi 122'
Xorthern Pacilic By
650 84% .Tan 21 113% Mav 7 07 Sep 91% Dec
97% 97
Do pref
*65
800 52 Feb 1 73 J'nelS •10 Maj 02 Nov
65
65
70
})acirlc Coast Co..
02
62
92
92
98
98
*90
89 Feb25 98 Apr 20 82 Ha Sep 90 '4 Dec
Do 1st pref
96
j Oct
"09
70
J'nel3 57 Max
72
71
200 03 Jan 8
5
Do 2d pref
71
101,841) 137 May 9 101% Apr 22 124% Sep 149% Dec
144 144% 143% 144k 110 >o 142 Ha Pennsylvania
Dec
IS
J'ne
Mar22
5
32
35
31
83
2,730 14% Jan 22
32%
Hi
Peoria & Eastern
31
-05
'05
3334 Jan 9 75 J'nelS 20 Jan 35 Dec
75
75
*05
Pere Marquette
75
-75
-75
81
72 Jan 2 86 J'nel7 55 '4 Jan 73% Dec
-75
81
Do pref
81
-71
*71
73
73
100 57 Jan 30 80 J'ne 7 49% Sen 50 Ha Jau
70
70 Pittsb. Cin. Chic. & St. L.
100 103
100 10J
88 Jan 4 105 May 7 78 J'ne 94 Jan
Do pref
42
42 '2
41% 42
40 Reading, vot'g tr. ctfs.. 72,440 24% Jan 4 48% J'ne 3 15 Sep 20 Dec
70i,
7034
,0
70
May 9 S0 34 J'nel7. 49 Jan 71%Dec
1st pref. vot. tr. ctfs.. 18,900 05
73% 74k
53
54
53
53% 4914 51
2d pref. vot'g tr. ctfs... 35,100 38 Jan 3 59% Mav II 23% Sep 39 % Dec
05 Feb 5 85 Mai'23 43% Jan 80 Dec
Rio Grande Western
93 FeblO 108 J'nel9l 80 Jan 95 '4 Dec
Do pref
105
100
39 Hi 4178
73 78 75
49 Hi 53
117%
165%
39% 41
120
79
97%.
142
*27
*66
*75
129
275
77
104
195
38
*llo
70
52 'j
95',
42%
93
14
221
Cleve. Lorain
Do pref
69% 70%
12% 13 Hi Colorado & So., vot. trust
Do lstpf. vot. tr. cfs.
53%
53
Do 2d pt vot. tr. ctf s.
23% 24'4
101%
159
Delaware & Hudson
*19
22*4
41
41% 39
39
"7
*7
8
*7
8
8
*30
*80
35
35
*30
35
*02
-02
65
05
59% 00 '4
123 129
123 129
123 123
'251 14
251 '4
251 '4 280
-75
74
75
-72
77
77
103 103% 10234 103% 100 101%
110% 117^ 116% 118'4 Xll3'4 115
104 100
163% 104
159 102
*37
38
38
40
-30
40
"91
"91
93
*90
93
92
24% 20
24 »4 25%
22% 2 3 Hi
14% 14% 13
13% 14
13%
105
105
105
107% 107H 100% 107 H 104% 100
115 118
115 118
115 115i4
25% 23 H2 2 4
24% 24% 25
-72
-72
77
77
70
/0%
-27
29'.,
*28% 29
25% 27
55%
56%
53
51
102 % 103% 102 103%
98 100
S3
83
24% 25
-71
29
75
29
^o
213 210
33% 34 '2
54
29
6
-91
150% 152%
32% 35
51
i
8
35
65
1
100% 103 '4 102
8195
150
1
-
220
45
94
183 34 185
39
73
73
•33% 35
"19
22'.,
*41 34 42 Ha
72%
32% 32%
30
02
123
251 %
74
103
110
105
'37
94
39
72
20
'4
74% 74Hi *74% 76
145 146% 144% 145
3934
20
4134
"30
76%
14%
Do
52
147
37
119';
163% 105
*
053,
9
75 '2
144% 145
57
7
183 a4 184
51% 53%
54
70
97 Hi
pref
"19% "Si" Chicago Tcrru'l Transfer.
Do pref
38% 39%
92% 94% Cleve. Cm. Chic. & St. L.
Do pref
70 a4
57
63
-90
00'.,
Do
43'.,
55
25
&
42
70 14
50
71'4
57
62
138
140
186
135
Do pref
23%
38% 40% Erie
6834
Do 1st pref
67
54 '„
Do 2d pref
53
01% 6334 Evansv. & Terre Haute..
Do pref
89% 90
Ft. Worth&Den. C.,stmp.
42%
'89
Ha
10>4
70%
'4
55
26%
2
12%
42
02
14>4
1
140
1 85
23
2OI4
H
57%
1
140
1 75
22
42
90 '2
119 8
-30
*70i 8
I
&
12
'4
54
00
198
M
1.
4«-% i"
ay
1.297 J'ne
88%
Apr 2
61% Bep 1;
Marl)
95 J'ne20
77
116 Mar
128% J'n(24
May 9 ll'Ha May
7sHa Apr 19
E '- Jan
1
20
43
71
183% 185
190% 194
20
4
42%
70 '4
154% 157%
110
&
&
I2I4
40% 42%
70 7„
75
is'.)
'lie
114% May
% Jan
Do 4 ]). c. ]>rel. "B"..
160
Chic. Indiana]).
Douisv 31,125 23 Jan 21
Do pref
1,760 58% Jan 2
Chicago .Milw.
May 9
St. Paul. 384,340 134
Do pref
2,5 1s 175
May 9
Chicago
North Western
2,930 lOS's Jan 21
Do pref
207 Mar 1
Chic. Rock IsI'd <fe Pacific 14,785 110% Jan 4
Chic. St. P. Minn.
100 125 Mar 2
Ova.
41
73
38
72
11 3
1934
94
9
12%
85
;
is
100% 164 'a
111
'
1
ISO
195
14Hi
20
•89
75%
703.
19 7H
94
50
'.j
Hi
li' 7 *
54
58
*88
57 Hi
00
11%
*73
..
55 Ha
25 H
105
104%
V
225 225
45
46%
93% 94
69
69
*35
40 Hi
'.,
104 105
223 224
40 '2 47';
4
'•_•
Qoiaoy.
.t
Chicago Great Western
Do 4 p. c. debentures
Do 5 p.c. pref. "A"..
'
J
'.)
DM
25
40% J'ly
18% Jau
I
1,200
20,570
lentral of
Do
84
91
1
anada Southern
1
$47% 47 V
50
18%
4 2 '2
40% 41%
94% 98
41'.
',
1,140
tr. i:lf«.
H1
21
May
711
28,205
New Jersey..,
Chesapeake A oino
37% Ittcago & Alton
83%
50
43
1
1
*'.IO
141 '2 142 Hi
185 140
175
186
21 78 22 '2
Hi
140
135
175
2
',
190
198
89
95
188k. 190
1
93
02% 105
162% 100%
119
110
'v
1
90
I
85%
41
74
23%
2
18%
40 '4
75
,
92
ill
.i
',
1
:
40
194
11 2 %
2
93
88 34
•'.)()
3s 7 „ 89%
72 '1 72 '
1 1;
167
v
L85
190
39
:;s
23 7 «
.7 ;i 1.
prel
1".
_'.;'.
-'J
Ban
-
Apr 22
Apr 22
80
Aug22
52
Highest
Lowest
J/i(/hett
20
.
^Chicago BurL
12
Louint
pref
Ohio, vot.tr. otto.
Canadian
74
loo
42% 45
160
70% 77
7s
Week
64 '4 Brooklyn Kapid Transit..
Buffalo Koch. A- Pittsb'g
71
89
77
Do
Do
>,
162
Atch. Top. ka
prel
71
''.
'120 125
1 1 o Hi
103',4
Arbor
Ann
Do
98
1
Bang* lor J-ni ,uut
Ba*0* /or Year 1901
r (l'Jt)IJj
On tiatix a} lOO-ehare loin
Railroad*
50
73'.,
01%
the
II
21%
20
Weekly and Yearly
.sv(/-/io/|
NEW YORK BTOl !X
KM A \'.l.
Sept 13
J.J
102%
92%
'.'.;
'
100
Sept.
*
•88
•120
162
11
7:.>
102
:
iday
STOCKS
•61
'2
101
00%
il 111
in
75
'..
99
92
"O
'«
7
'
II.
Sept.
•21
',
•60
LOS
05
day
Sip
?
Record, Daily,
OCCUPYING TWO PAGEM
sr AND hOWKHT SALE PRICES
Ill
Monday
Saturday
Exchange— Stock
Stock.
31
1
.
1
3•4
.
.>
81
74
103
41%
-!
70
70'«
2
7
H
',
53% 53%
1
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Hanks
Banks
Ask
Bid
Banks
Ask
Mid
Sid
Banks
Ask
i
B sinks
Mid
Ask
Banks
Mid
Ask
Phenix ...... 100 115
185
5/)0
Plaza'
195
Nassaulf
250
CITY
Sid Ask
Prod Excli^i 150 170
lallatin
Xew Amster 1400
HO 430
210
Riverside""
..
510
America' ...
530
Xew York Co 1500
Gansevoortl 140
4 25
Seaboard
Arner Exeh.. 255
Id
320
X Y Nat Ex. 210
500
050
Astor
000
German Am' 135 ...
Xew York... 320 340 Second
270
Seventh
Bower-,
300
German Exl 325
19th WardU. 150
Leth.
Shoe
Broadway
300 325
<ft
10S 115
Ninth
75
Germanial .. 500 ......
But cli's &Dr 115
Slate"'
500
130
Greenwich
North Amer. 200
,5
Central...
state of XV! t240
lLaiiulion' .. 160
175185
200
Oriental^
150
Chase
700
12th Wardlf. 110
Hanover
Facilicn
195
195
675
Chatham
315
23d Ward!,.. 110
Hide i L'atli 150
Park
575
Chemical
Union ScrV. .. 300
|4000 4100
Imp A- Tr;M 550
People's^]
275
* Bid ami asked prices: no sales were made on this
Less than 100 shares.
day.
a Ex dividend and rights.
11 State banks.
i Ex rights.
1 sale at Stock Exchange or at auction this week.
Stock "cornered" sales for "cash" were made as high as 1000.
s Trust Co. certificates.
NEW YORK
150
City
050 OSO
Colonial
300
...
310
Columbia 1
Commeroe. ., 370 380
Commercial 100
Corn Exehy. 410
Fast River.. 140
150
11th Ward'. 150
225
Fidelity^
Fifth A veH.. 3250
Fifth
325
First (new).. 725
75
Citizens'
14th street'. 165
225
!
*
1
.
•
.
.
.
190
Irving
Leather Mfr. 250
500
Liberty
900
Lincoln
Manhattan^ 300
Market A- Fill 250
270
Mechanics'
Mech & Trail 125
Mercantile .. 1251
Merch Exeh. 140
Merchants'.. 185
Metropolis"] 050
MtMorris^.. 150
.
.
1
*
,
i
||
.
Mutual'
September
Stock Record— Concluded— Page 2
14, 1901.]
STOCKS—HIQREST AND LOWEST SALE PRICES
Monda
Saturday
Sept.
7
Ml
'65
l
I
42
66
67
28
81
116
1
60
80
70
29%
81%
60
50%
31%
26
117
46
89
OS
20
6%
1
41
»89
07
6
81% 32%
21
88
83
5)8
102
20 V 201
32% SO
101 102%
20%
op
18
18
60
40
4i>
49%
20
43
2
20%
•68%
29%
43
176
100
OS
•65
27
2
82
69
1
13
v^t.
157
88 -a
88% ss',
22 V 22 'V
00 V 40
IS
18%
49% 49%
is
19
49% 49%
•28
32
•
:
1
110
4.1
83
43% 43%
49% 60
43
2
1
82
22
%
.1
81
128
20
20
84
84
88
ldii
1
Bt
Do
s.
110%
-
112%
•3%
111',
1
->
1
1
20
30 V
;;_
1B8
'
1
30%
69
26
62
26 %
86 V
*21
•oo
7
"44
128
•120
8">
7
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48
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131%
123
»
v
69
24
V w
incf.
%
26
86 ••
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j
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ss
181
125
132
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1645a
134
134
132
146
18
14.">
73
44
8%
•
8%
264"
56 V
50
23
'.17'.,
"40"
44
44
43
•101
20
•85
48 "s
108
20
4
142
96
40ia
107 '4 110
SB
40
79
82
205
205
4
•8ia
10
17
70
72
27
28
30
30%
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81
•4% 5
60% 62%
{96
93
12
13
70% 81%
18% 19%
65
40
41
91
"(37
117
152
27
33
265
66
103
1
8%
27
33
201 v
67%
107
25
V
70",
96
964
•7
7%
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7
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129% 131%
125
100
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prel
&
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t
V 128
Do
Do
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Do
137
136
130% 131V 132
18
79
46
220
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45
210
11
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17V 16
77
79V
45% 43
*200
220
10
11
pref
pref
Smelt'g
&
Ketln'g.
•
11
9
9
2
1
Muy
1
1
V.Ian 21
38V Jan
90^ 92V2
»103
24
:,
'.
85
65
144 V 144 V
81
81
96%
97
27
33
*36
46
40
46%
95
102
15
44
57
24
25
22
81
378
90 "4
8
39
10
46V
86
95
102
15
43%
90
90
-85
41
"70
142
07
42
110
93
1
90
pref
Hock. Coal
'onsolldated
s Continental
Do
144
&
Iron.
Gas (X. Y.}.
Tobacco
pref
Diamond Match
instilling Co of America.
7v
20 <,
3G
250
00 %
10i
23
79
9G
Do
pref
las & Elec. of Bergen Co.
era! Electric
Gl uco.se Sugar Kenning.
Do pref
(
International Paper
Do pref
International Power
International Silver
Do pref
Internat'l Steam Pump.
Do pref
u
Laclede Gas (St. Louis).
Do pref
90
105
13
Manhattan Beach
National Biscuit.......
42'
103
Do pref.
18% 18% National Lead
87
87
Do pref
.101
41
41
41
41
40
40% 41
75 a4 75
70
77
76% 70 '4
70V 70V 70
140 142
147
142 V 144
146% 146% 143 145
7
93% 93 V
07
97
05 V P7%
92
96
V
'4
2
39
40
4
42
4
3
43
89
41% 41V
110 V HI V
lio-C 107 109
108V110V 110 112
'
89
39%
41
41"
40
*40V 4
41V 41% 42
81% 81% *80% 81
82
81% 82
J 82
78% 82i*
•209 215
209 211%
212 212 •208 215 -200 215
3% 3%
24
4
4
4
*3V 4',
8% 8%
•9
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11
•8% 10',
11
8% 10V .9
13"4
15
18
11%
1
ia
1
7
8
18
17%
18% 17
V
'4
71 '4
05% 60 V 60% 63 V
71
69
72
71% 72
27
27
28
28
28
27% • 27
27V 27 V 27
40
ol. A-
'
44% 45 V
41%
-it
Do
I
177,
*35"
"SS"*'
'85
.101
*8
M01 102% 5102% 102% '101% 102 V
-19% 21
20
20
-19% 21
-84
7%
23%
81%
00 V
•34
40
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1
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41
144
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-6%
05",
132
National Salt
Do
pref
N'ew York Air Brake__.
17
lan 2
Aogl6
J'l\24
71111
2,710
11,325
5,300
2,960
1,600
19
67
81
81
5
-70
*30
•78
4
80
%
63 V 65%
10
17
17
74
74 V
100
17% 18%
42%
'CO
43".,
98%
04
120
12
L60
91
175
02
1
05
4%
5
61% 63K
10V
•96" 166"
12% 12%
80%
79
•30
-78
32
81
81
83'.
10 %
19%
•75
-30
*78
5
5
64
05%
•16%
17i.
62 V
37 V
•16%
'73
74
98
•73
-95
"•Jo
12% 13%
70
82
82
13
82
19
1234
82%
81V
18V
55%
19
65% 55% "55%" 67
3V 45 % 44
45V
93% 05% 93% 94%
4334
9334
4
60
120
100
01
124
170
92%
82
rue 86% Deo
14
D*0
Mar
s
i
•
Co.,
.
.I'm 17
in
49% Apr 17
30
Bl
lie
11
Sep
Mjit
33 V Mar
20% A pr
57 Apr
Jan 8150 Nov
Mnyl:: 111
99% Not
J'ii(17
8% Apr 23
86 Apr 22
Muy 9 41% MarlS
7 7', Mar22
67% Mar
5% Jan 24 30% Jly
27
49% Apr
7 s V I'cb
Nov 10% Feb
V J 'in
J'ne
1
Jan
31
2
66
1
J'ly
6
34% Dec
9
22%Augl3 32% J'ly 3
83 V Aug 14 89 J'ly 8
4% Feb 4 8 J'ne2o
000 22% May 8 30 J'ne25
50,315 39% May o 09 Apr 20
Feb
60
7% Jan
3 J'ne
18% J'ne 31 V Jan
84% J'ne 56V Dec
85 J'ne 99 Nov
Feb 26 L04%J'ne20
88
MarlO
Apr 17 90
J'ne 8
J'nel4
J'ne 3 95% Mar 149 Dec
J'ly 19 107 Mar 118 J'ly
AprlS 287 Sep i 9b V Jan
167% Sep 4
144 J'ne 8 84 V J'ne 114% Deo
150 J'ly 12 128 Maj 1 40 Feb
153
130
100
21% Jan 2
82% J'ly 1
54% Apr 16
22 V Deo
Dec 70% Deo
37%J'nt 54% Apr
228 Aprlo 140 Jan 183 Deo
MarlO
14%
OV J'ne 10% Jan
136%J'nel7 20% Sep 56 V Deo
116 MarlO 142% Apr 29 117 Oct 13l%Jan
Atir
i'iso 14 Jan 18 25%J'nel7 ll%.T'ne 21
23,410 187 Jan 18 238 Apr 15 U04 Sep 201 Nov
38% Jan 4 71%.T'ue 6 21 V May 40% Deo
"906 93% Jan 2 124 J'nelO 70 Mav 95 Nov
490 14034 J'ly22
7% Sep 13
23% Sep 13
700 80 J'lyl2
3,900 183VJii»10
1,712
1,912
6,677
21% Dec
76
152VAug29
10VJ'nel8
3334 J'ir-25
45
200 93% Mar
Aug
107
18%Mayl0 28 Mar22
00 Jan 21 81% Sep 10
54% Jan 2 100%May31
850
5 % Feb 7 11 Jan 5
310 33
Apr2;
40
Jan 21 101
22
Auglo
AprlG
"ibo §130 Jan
Jan
81
28
70
Deo
77% Deo
May so Jan
Apr26
38% May
Mav
41% Apr
8634 Apr
2
2
176
7
',
(Jet
J'ne
Aug
Dec
204
2%Mar
10%Mar
27 V Fob
70 a4 Feb
2
17 V Oct 26 Nov
59% J'ne
Mar 10% Jan
i
8
10
'..
Oct 104 Feb
V J'ne 21 34 Dec
J'ne 25 Feb
J'nel7 50% May 77% Feb
AprlO 845 Mai 59% Deo
1
16% May 2
83% Ang28
Jan
Jan
734
2
2
Apr 30
81 p
100% Mav
J'ne
Jan
18
..
120
3
6
3
Oj J'ne 70% Nov
21 J'ly 44 Jan
74 V Dec 104 34 JuJJ
101%Apr30
72 Mar30
125 Am:30
70
90
(let
J'ui
8%
Apr 20
19% J'ne 17
34
85
55
18% May
40% Nov
Feb
28% Feb
looVFeb
40 Nov
76% Nov
Sep 175 Nov
%Aug
:
49
49
75
100
J'ne
J'ne
57 Nov
lllVApr
52 V, Sep 58% Jan
7034 Sep 89 V Nov
8%J'nel3
7G%J'nel8
42
Jan
Jan 100
.
J'nel7
90
20 34
2534 J'ne
Apr 1
6%May31
12%May27
1
Dec
Dec
112
217
Apr
55 34 Deo
15% Aug
83 Aug
32% Oct
69% Oct
J'nels
47% Jan 29
120v2 j'ne21
52 Jan 2
89 Apr 29
11 ii
21
J'ne
23
70 V
109
24
82
24
6% Jan
Jan 21 46 May 3
Jan 2 103%Ang20
Marl 4 25%J'nel2
MaylO 93%J'nel3
40 Jan 7 50 Mar21
1,54
700 72 V Jan 3 84 Mai'21
1
Dec 103
65
96
3,000 37
20 92
500 15
100 81
175
Njjt.
92
Sep
24% Jan 2'. 46% Sep 11
100 74 Jan 24 86%Aog27
70 Jan 18 95% J'ly 8
8% Jan 28
Deo
May 6Q
3% Aug 10% Jan
3,800
95
J'ly
Jan 200
Nov
26% Nov
1 4 v, Mar
58 Mar 75 Not
5
9,700
4.350
3,000
11,000
May 81
101%J'nel9 64
269%J'ne24 120
Feb 16 05 May 2 44
new
W'ells, Fargo A Co
>> est'n Union Tcle'gph
J
J 'lit
Mail's
tfar28
i
27
Sep
16
30
S
GO
00
60%
-122 '4 121 -122 '4
*100 175
105 165 *1G2 175
92% 02 V 92% 92%
90% 92
n
Jan
Jan
1
*30
'75
1
3
J
130
1
8
1,200 133 J'lyl.7
5,240 73 V Feb 14
7,000 30% May 9
up. (ias-L.tfe C. (Chic.) 33,860 9534 Jan 21
"
Pressed Steel Car
2,02
30 Mar
Do pref
1,830 72 V Mar 5
Pullman Company
1,070 195% Jan 21
Quicksilver Mining
450
1% Apr 22
Do pref
7 Mai'2n
Republic Iron & steel. 45*420 1134 Sep 13
Do pref
_
32,800 55% Jan 21
Kubber Goods Mfg
1,610 26 Aug 9
79
Do pref
100 70 V Aug 9
29
32
S29V
V loss-Sheffield St. & Iron
230 19 V Feb '
•78
81
82
Do pref
65% Jan 22
4% 4% standard Hope & Twine." 1,400 3% Mar 6
Gl Tenn. Coal, Iron & PR... 37,230 49% Mar
64% 59
Texas Pacific Land Trust
38%
1,000 19 Jan 1
17
15V I6V4 Union Bag & Paper
800 12 Apr 12
x72
72
74
Do pref
600 05 April
05
95
United states Express...
98
120 {53 Jan 26
12
12 V United States Leather
13
23,970
7% May 9
Do pref
82 V z7.sV 80
13,220 00 V May 9
17% 18 United states Rubber
1 8 V
2,070 17> 4 Aug 5
5534
55
55
Do pref
1,100 55 Apr 8
40% 41% United States Steel
4 4 "4
314,470 24 May 9
ol V
Do pref
94% 90
134,365 69 Mav 9
50
59
Virginia-Carolina Chem"
61
800 51 J'iyl2
Do pref
•120 124
124
110 Apr 26
North American
Pacific Mail
-,
lav
.file
Jan 8
I
215V217
*65V 67
'30
251
55
259% 264
'4
•84
86
•85
95
101 102
-10
15
43 V 4
27
33
57
92%
128
16
22
60
26
20
26
300 73
I
<tU4%U5
7%
7%
7
40
40
86
69
117%120
24% 24%
25 V
4
79% 81
96% 90%
<% 7 a4
45
118 118
147 V 147 V
33
30
203 V 204 V
57
57
105 105
35
204
58
107
•35
«6.s>4
8
•27% 30
*30
202
57
100
132
18% 18 34
220% 222
123
•07% 67%
7%
27% 27V
8V
8%
•98
61 V.J']y
5
46%J'ne21
ti.y
'.
18
70 '4
44
220
10
20
8
1
•
ueo
Jan
i
Sep Hi 186
Muv 2
157
23% Jan
11% Jan 31
American Sugar Refining 44,100 125% Sep 13
150 117% Jan
Do pref
American Tel'gh <fe Cable
14 294 Jan
A merican Teleph & Teleg
105 % Sep
s American Tobacco
1,300 99 May
300 137 Jan
Do pref
840 13% Marl!
American Woolen.
Do pref
70 Mar25
Anaconda Copper
17,100 37 May
>rooklyn Union Gas
175 Jan 18
834 Jan 19
I>ruusw. Dock&C.Imp't
100
/Colorado Fuel* Iron... 10,820 41 34 Jan 21
125
ep
21
igJan
1
22
39VM»t22
an
147
1
3
o
In'
16
M
I
Jan
21
J'lle.ll
12 V Jan 25% Nov
Jan 19 89 J'ly 2 57"„ J'ne i-i dm
24% Mar 9 36%J'nel7 30 J'1.1 37% Apr
400 85 AprlO 91V Jan 8 88% Sep loo Apr
200 8169 Jan 12 8205 Mai -20 5142 Mar 191 Deo
10,30(1
4,525
pref
American snuff
Do pref
SS
125
7,700
2,400
3,400
American Malting
7
1
ii.
i
6
3
17
May
AprlO
425.705 70 Muy 9
81% Jan 21
2,375
3,470
prat
merican niton Oil
Do pref
Do prcf
American Linseed
Do pn-t
American Locomotive...
26
45 U
OS
•85
125
10%
}] 15
iio
V
40
Ian 21
Ian 3
28
82(1
1,51.0
1(10
]>eo
(llllllCOIlS.
American Car
\
ine
21
M«v
117
3,800
dams Express
88
190
American Express
80 V Ajnerican Ice
122
-98
100
132
'18% 20
221 221%
117
147 V
117
•143
•84
•90
"101
•10
44
92
02
124
liv,
»07% 00
5
90
45%
210
•10
100
123
217
97% 100
120 132
1S 34
18
220 v2 222
4
-10
15
43 v2 4 1
•101 108
*10
•76
45% 47
48%
*sr,
V.
76% 76%
'.Mi
68
Vj
132V
79%
19% 20
90
40*8
30
31
88
79%
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7
'4*6"
*G0
*120
05»4
28 V
78
96
31%
•OS
70
•18
21
50
J50
25 V 2 5 '4
-85
86
48
18
18(
117
148
2 s".,
263
88
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131
•76
isv2
217% 221
no ne
27
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45
120
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216 % 221
150
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95% 97 V,
05'.,
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51
26
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7
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27
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88
210
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07
85
18, Old
13,75(1
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no
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45 V 47%
99 100%
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28
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31
91
196
1-
28,533
pref
:">eo
Deo
78
4
May 9 39%Api
Jin in
8 71
ISO
illll
1 -.
41% Jan
29
900
1
.
9
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ran
6 1""
324,9 JO
I, llll
!lio
B
Iyl6
1
V nialirainau-d Copper... 347,285
800
Lmerioan liicycle
8
18
29% 29%
26
47
100
49 V,
47v.
100
•161
49%
25 V
54
25% 26
86% 86%
7 V
7%
48
87 %
129 182
122
126
20
3
1.11120
12.1
lie
I
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5,7(1(1
I
1
6,4(10
400
Highest
Ma>
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an 20
Jan
20
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rue 8
4,0(1(1
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\
iio
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t
104% 108
80
81
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91
108
30% 31 '4
69
21
111"
4
x
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luiliiiK<fe
w
190
18
100
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190
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1
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20
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BO
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175
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pre!
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Do
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ir
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prof. vol. u-. ctfs
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nil voting
I
1
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431.
pref
1".
HI
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...»
ctf«
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pref. v
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basis
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a Adirondack...
run
ul* a sail
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I
07 '4
88
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ir 1901
lUU-share lot*
V.'n
01
tlie
Do
1
67
39% 40%
7
a
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N
>
1
Sales
STOCK
STOBS
I
117 VI 17V
40
4
82
82
69
29
30%
02 V
97% 99%
2
43
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69
89
62
59
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1
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.
....
21
87
13
67
96
82
29%
%
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117% 117%
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82
1
1
I
98
S8
87 %
87
96
118'..
10
167
no
28
Sept
1
41V
i:<
07
•19
07
NEW
lYida v
Btpt 19
11
V
3 % 32%
31% 32 V
82
82%
87 e
87
87 H
87% 88
49
48
42% 43V'i
43
120% 120 V 120 123
120 121
•20
81%
84
103 108
101 V 102
102% 103
57
s7
121
Sept.
12%
12'*
68
26
117
42
I
J
Sept.
lit
Thursday
Wednesday
Tuesday
Btpt 10
i/
d
STO< K-
541
J'ne 140
77% J'ne
I
.
Deo
Jan
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Ask
Unnks
Bid
Ask
|
KKVT YORK
Bid
CITY
Varicklt
2 50
Washinut'n" 145
West, side" .. 600
Ask
BROOKLYN
BROOKLYN
8th Ward', ..
5th Avenue', 100
Kir.st
205
k lug - o" ... 180
M allltlaetlr,'. 285
85
110
17th Ward';. 125
sprague
200
20ih WaritV 140
Trust Co's Bid
C'LB'tyBATr 525
1
213
1
Ask
en tral Tr'st 1000 1970
ity Trust... 3G5
1
Trust Co's Bid A si.
MortonTrnst 1175 1300
N V Life&Tr 1250
'
Trust Co's
BROOKLYN Lid Ask
Brooklyn Tr 425
170
llatlnisli
290
Win
ion
806 315
410
.v Tr. 270
N Y s.
:::b
410
North Ami r.
425
i'i 350
Real E s1
600 650
300
Farm Lo&Tr 1475
Wallaboutll
105
StauiiardTr't
Yorkvilleil .. 240
Mechanics'
lift h Ave 1Y 1000 1100 Tr Co of Am
215
•J-j
Inaranty 1 670
Mech & Tra« 270
Union Trust
Kniek 'rli'k'r 700 725
Merchants'.. 100
s..Mte.v
Tlllsl Cos.
iso" Manulacl'rs.
150
BROOKLYN
11
210 220
Manhattan .. 450
350
Nassau
I'nit States
Beilfordll ... 225
K. Y. CITY
350
.Mi rcaiilile .. 950
Nat City
Peoph
300
...... Washington. 350
210"
Broad way
\\ lliiainsb'g. 206
250
North sideli. 175
Mereiialits'.. 325
Atlantic Tr.. 260 280
BrooklynH . 120
People's'
Metropolitan 500
195
Bo\\Tg;i; recti 180
105
195
"Bid and asked prices: no sales were made on this day. i Less than LOO shares.
banks.
t Esc rights.
1| Banks marked with a paragraph Ci) are Stale
1 Sale at Stock Exchange or at auction this week.
s Trust Co. ccrtilicates.
Western
1
I
.'111011'
1
10
«
160
1
olonial
dnl mental
.
1
1
.
(
.
,
.
V
'
New York
-Bond
Stock Exchange
o<
BONDS
(
i.i
i
ndinq Sept.
i
8
Ask
uL
os
il
iisol coupon
93
consol regsinaJJ..dl9!
1
ioa
08*2
\
/.
1
I.
uw
-^u
Jlnjl'
Jligh
i.uw
Dock & Imp ni 5a.. 1921 J-J
].< a
ml 11 gen u-ii g5s L920 -J
i.i h &
V. ill
... L912 M-N
Con rxt unar v h.
-/I 111 O Q-M
N Y <fe Long in gen k 1-. M
108°t,
I
.-
Q-F
08
L09
Q-l
Q-l
08
109
OH
109
12
/U907 Q-J
U B fis registered
U
1920 i,>F
1926 Q-F
1904 i^-F
S OS coupon
.1904 Q-F
U
Foreign Government
s oi Mexico a g 5s oJ 1899 Q-J
M907
18
l
L3
ti-
140
38
38
OK
08
10
1
lo'.l
lO'J
class
A
1900 J-J
4 to 5
H6s
1900
1900 .IJ
Currency funding 4s
1920 J-J
Diet ol Columbia 3 05s
1924
Louisiana new consol 4s.. 1914 J-J
('
,
rj'.i
1
.J- J
Is
FA
108
LOS
lll^ Cenl
10.V.,
112
'.'.\
L08>ail2"
118S
.;
Small
r
8
110 Yi
109'jJ ly'Ol
1919 A-O
1933 J-J
J-J
Small
J-J
Virginia fund debt 2-3s... 1991 J-J
Registered
J-J
6s
So Carolina 4 '28 20-40
3a. .1913
Sale
lie-
li
1
.
L09
unit,
108
Ang'98
108
105
'00
102 "a.
103>aMar'01
1
25
Aug'01
L09
126
.
J'ly'01
106 *2.
100 34 Au-'ol
109 >a Feb '99
105 34
105
i'3'0
.
%
laevj-iv'tii
'.'."•
94^
......
96
Feb'01
120 Mar'00
'j
95 hi
"95";
9ih
96^
96 >4
.
7 x4
6* deterred certfs
Aug'01
W
<fc
Kegistered
Adjustment g4s
96>a Sale
103*2 Sale
96>a
103>a
103
M995 Nov
95 S» 96 >2 96
95
94 Sale
94
Stamped
A 1995 Nov
Equip tr series A g 6s.. .1902 J-J
Chic & St Louis 1st 6s. .1915
Atl Knox & Nor lstg5s.. 1940 J-D
Atlanta & Danv See South Ry
Atlanta & Yadk Hee South Ry
Austin & N
Hee Sou Pacific
MS
8'
97
94]
104
Aug'01
49
97
May'01
a
117
94 4
112J3
106
108
May'01
W
Creek
S See Mich Cent
Bat
alt & Ohio prior 1 3 "28. 1 9'25
<fc
94^ Sale
g
Registered
Gold 4s
Registered
7U925
/il948 A-O
7tl948 Q-J
Subs to conv deb 4s
1911
J? Jun & M Div 1st g3*28l925
Registered
#1925
Southw Div 1st g3*28...1925
Registered
/U92
Monon Kiv 1st gu g 5s. .1919
Cen Ohio R 1st eg4*2S.. 1930
Beech Creek Hee N 1' C & H
Bellev & Car Hee Illinois Cent
Boone Bridge Hee Mo K & T
Bklyn & Montauk Hee Long I
Bruns & West Hee Sav Fl &
N Y & Erie
Bunalo R & P gen g
Bulialo
M-S
M-N
Q-F
J-J
Q-J
F-A
89
Sale
107 >a.
89
4
90!2J'ne'01
111 May'00
111 J'ne'99
Hee Erie
CedRIaF&N SeeBCR&N
Cen Branch U P 1st g 4s... 1948 J-D
Cen Branch Ry Hee Mo Pac
& Ohio
Cen RR & B of Oa col g 5s 1937 M-N
Cent of Ga RR 1st g 6a..i>1945 F-A
Registered
.#1945 F-A
Consol gold 5s
1945 M-N
Registered
1945 M-N
1st pref income g 5s
pl945 Oct
2d pref income g 5s
#1945 Oct
3d pref income g 5s
#1945 Oct
Mac <fc Nor Div 1st g 5s. 1940 J-J
Mid Ga & Atl Div 5s
1947 J.J
Mobile Div 1st g 5s
Centof N J 1st consol
General gold 6s
Registered
89 3
W
Hee Balti
1946 J-J
7s.. 1902
M-N
1987 J-J
... Jt.1987 Q-J
.
1951
Nassau Elecgu g4s
& S Ry Bait 1st g 5s. 1922
Den Con Tr Co 1st g 5s. ..1933
Den Tram Co con g 6s. .1910
Met Ry Co 1st gu g 6s.. 1911
Dot Cit StRy 1st con g 6s. 1905
Gr Rapids Ry 1st g5s...ol910
Louis Ry Co Istcon g 5s. .1930
Market St C Ry 1st g 6s. .1913
Met St Ry gen col tr g 5s.l997
Bway& 7th Av 1st eg 5s 1943
City
.
Pacific
dee 80 Pacific
inarles it Sav Is) g 7i
Ones & Ohio g0« H.r a. M908 \-o
Gold 6s
.olOll IO
4<
301,
10
34
117 3Sa)e
1
126
126
ll?^
Apr'97
103
...
131
129^2 129
J'ne'01
May'01
Nov'99
100
100=8
117»a
105% 105»s
123^ Aug'01
122^.
Nov'00
117
HS^Dec'OO
106 >a.
106 l4 lOO^
107 Sep '01
107 Aug'01
..1939 M-N
d
.. L939 M-N
General ^"id 4'2h
..1992 M 8
]: mistered.
..1992 M >
Craig Valley istg6s....i!i4o .j
R & A Div Istcon g4s..l
J-J
2d consol g4s
19
"Warm Spr Val 1 st g 5s. .19
1st consol
n 5a
.1
1
J-J
J-J
M-N
F-A
F-A
110
108
Jan '99
113*2 Aug'01
101 May'01
100*2 101
92*aSep'01
J-J
J-D
A-O
J-J
J-J
J-J
95
100
102
101*2
J'ne'00
101*2
J-D
J-J
J-J
109
Mar'98
HI
1
Aug'01
116*2 114
114
IO'-jJ
1
1O0
5 102
105*2
100
105
!»S
Api )1
Nov'00
103
in.;
'4
No
113*2 117
11:-.'„119
3 119
122
121
lot
103
106
..
104Hi
101*2
...
103
103
2 103
1
107**.
99
103
00
102*a
101*4 Apr'99
100
fculc
100
100
103 '4
89
&D
M
.
88
"84\Sale
100'g
101 \
83*2 "87 *i
06»4
100 3 109*g
100*4 102*2
1
,,
102 104 34 Apr •IM)
101*4 lOW
102*9 Sep 'ni
.
103
L6»8
1
105*8
110
88
si' 8 ""b'4 ;tr
00*4
1
.
100'4
1
103*2l05 34
94
88
103*aJ'ne'Ol
.
Salt
101*4 102*2
10134 104*8
15 ^ Aug'01
10;, '0 J
ly'OJ
110
110
114
H5*»
104*2 107
110 113
109*2 H2»4
1003b 100%
109*2-4
loo- 1*, J'ne'01
110
112*2 110
121 J
112 Aug'01
112 ....
137*2 Aug'01
137 ....
12238 123
122*4 122*4
115 Aug'OO
120*4.
119*2 Aug'01
108 58ll2 34
124 Aug'01
111*2^
117 Apr'01
115 126*2
10678 114*2
113 117
121
112
121'f,....
121
.
109*2.
115
115
127
112 34 125
May'01
180
128*4
l:;.,U140
180
192*2
172*8 Apr '00
Jan
190
181
188*2190
180 194
111*211538
110 114*2
'01
Aur'oi
111*2 Auj_'lll
*110
112
110
110
105*2 Feb 98
,
11536.
118
116*2 J'ly'ol
119*4 Sep '01
115
.
110
116
11634 Aug'01
112 Aug'01
131*4.
137*2 J'ly'99
.
.
116V
112
116*2 121
118
116
120 34 126*2
120 34 Aug'01
110*2 MayOl
115
120
.116
U6*2.
115*2.
118 34
.140
.
:
104*2.
110*4 110*2
185*4 188
Apr'01
188
118
108
115
11778 119
108 llO^g
J'ue'Ol
Jly'01
Sep '01
113 Aug'01
116*2 Aug'01
116 J'ly'01
11834 11834
140
HO
105*2 Sep '01
3
104 4 J'ly'01
114^8 119*2
117*2
113
116% 120
116 119%
11834 122
139^4 142*2
104*2 108
104% 108
108*4 112
108*4 J'ly'01
107
110
103
ild" ilf" 116
111
Mar'00
Apr'01
Nov'98
109*2 110*2
J'ly'01
i'i3*'*2ii6 s4
Oct '00
108*2 Aug'01
108*4 110*8
107% 107%
107% May'01
108
110*8 110 Auf'UJ
1083b Apr '01
.117* 117*4 Aug'01
117 34 Feb'98
122 Aug'01
123 May'01
107 .....
108 .....
107*2
119 34
136*8
1245s
i 1373
8
138*2
104*8
Ill
127*8
126*8
100*2 Sale
106 106 34
*
*
122 34
119
116*2 122
111 34 116*4
108
116
117*4
121*2 125*4
Jan '01
113
111
H034
108% 1083g
J'ne'01
110*4 Aug'01
122
123
113
111
113
111
110*4
120 8 Nov'00
137 Sep '01
127 J'ly'01
143 34 Apr'01
140 Aug'01
Hl^
]
135*4 141*4
123*2127%
14334 143 34
13S% 143
107*8 Feb '01
107*8 107*8
Apr'01
Aug'01
113
128
113
126*8132*2
105 % HO
105*2 108
99 'e 99%
!,
99
97*2
7
8
113
127*4 131*2
120*8J'ly'01
106*2
105 5
10634 J'ly'01
Feb'01
86*4 Aug'00
91
Dec '00
97
110
Ill's Aug'01
137
137
138*4
137*2
129
140
129
130*s,
110*2112*2
6 134*4
138*2
137 *v
Mar'01
Aug'01
1134
142
140*2,
..140
140
...129
132
on Next Page.
Street Railway
31107 110*2 Met St Rv ( Continued)
Col&9thAvlstgug 58.1993 M-S
Lex Av& P F 1st gu g 5s J 993 M-S
111 115
100*2105*8 MetWSEl(Chic)lstg4s.l93s FA
03 98 103
MU El Ry & L 30-yr g 5s. 1920 F-A
Minn St Ry 1st con g 5s. .1919 J-J
88*2 95
St Paul City Cab con g 5s. 193 J-J
Guaranteed gold 5s
193 J-J
193 J-J
Third Ave 1st gold 5s
2000 J-J
1st con guar 4s
Union El (Chic) 1st g 5s.. 1945 A-O
Id 101*2 101*2
Chic St 40-yr 1st ear 58.1928 M-N
W40-year consol gold 5s. ..1930 M-N
120*2.
120
.
122*2126
122*2 J'ly'01
122*2 Aug'01
121*2 123*2
98
Aug'01
100 Oct '99
110 Apr'01
lll*2Jan'Ul
1
Ill
.103
1
*2
123
103
Avg'01
99
Dec '97
103%
110 110
111*2112*2
L23
102
103*2
109*2 Deo '99
126*2
105
Gas and Electric Light
Atlanta G L Co 1st 5 JS...1947 J-D
F-A 119 Sale 119
119*2 19 117*2122*2
12034 J'ly'01
J-D 119*2
91% Oct '98
118*4 12234 Bos U Gas tr ctfs s f g 5s. 1939 J-J
J-D
119*2
1943
Deo '00
Bklyn U Gas 1st con g 5s. 1945 M-N 117*2118*5 118*2Aug'01
price Friday; latest bid and asked this week, o Due Jan d Due Apr e Due May o Due J'ne h Due J'ly fc Due Aug p Due Nov
Registered
*
106
..
..
120*2 120"9
121
J'ne'01
1-20
M&
PM
113
102
100*2 Sale
90
91
110»4
•
1
A-O 107% 108*2 107*2
Jl.voj
lo4
L06
103 *a 1043*10334
Ms
Ext& ImpsfundgSs 1929] F-A
Ashland Div 1st g 6s.. 1925 M-S
Mich Div lstg6s
1924! J90
91 Aug'01
Convertible deb 5s
1907 F-A
91
95
Incomes
1911 M-N
Chic Rock Isl& Pac 6s... 191-7 J-J
'01
102*2
Registered
Sep
1917 J-J
101 V.
96 103*2
116
120 2Mar'01
General gold 4s
1988 J-J
119 120*2
Registered
1988 J-J
105% Sale 105*2 106*2 70 97*4 108 34
Des M & Ft D 1st 4s.. ..1905 J -J
'00
96 Oct
lst2*2S
1905 J-J
80
Extension 4s
82
1905 J-J
35 60
84*2
29 Sale
32*4 383 20
29
Keok & Des M 1st 5s.... 1923 A-O
36*2
19*2 Sep '01
Chic & St L SeeAtchT&SaFe
8
21
95 Dec'99
Chic StL&NO Hee 111 Cent
102 J'ne'99
Chic St L & Pitts Hee Penn Co
106
106 Oct '00
<fe Ocon 6s...l930| J-D
Chic St
3
3
104
104 4 J'ly'01
Ch St P & Minn 1st g 6s 191S M N
104 4 108
129*4
Wisconsin
130
1st 6s.. .19301 J-J
Nor
128H.133
127 137*8
130 J'ly'01
StP& S City 1st g 6s. ..1919! A-O
127 137
.
in
1
Khz Lex A B S gu g5s..l902 M B
in-' nbrler By 1st gn g is '41
Clncik Alt Hit a tuna 6s.. 1908 M
108 109 >»
Refund in l' g 38
O
L948
Jliss BIT li 1st 8f g 6s. .1912 A-O
Railway 1st lien 3*38. ..I960 J-J
102 103*2
Registered
1950 J -J
109 109
Chic Bur & Q consol 7s. ..1903 J-J
125 126
Sinking fund 5s
190! \ O
100' 2 109
Chic<fe iowaDiv5s
1905 F-A
Denver Div 4s
1922 F-A
Illinois Div 3*28
1949 J-J
105 105
Iowa Div sink fund 5s. .1919 A-O
Sinking fund 4s
1919 A-O
135 136!2
Nebraska Extension 48.1927 M-N
Begtstered
1927 m.\
Southwestern Div 4s
1921 M-S
95>a 9934
94>2 90
Joint bonds Hee Great Noiili
93 Hi 96 34
Debenture 5s
1918
Han & StJosconsol6s..l911
7 l4 10-\ Chic& E 111 latsf cur 68.1907 J-D
1st consol g 6s
1934 A-O
General consollst 5s
1987 M-N
Registered
1937 M-N
Chic& IndC Ry 1st 5s. 1930 J-J
Chicago & Erie Hee Erie
Chic In& Louisvref 6s...l947 J.
Refunding gold 5s
1947
Louisv N A <fc Ch 1st 6s. 1910 J
95 101
Chic Milwaukee & St Paul—
101 t8 105
StPlst7sSgRD.1902 J
102 104
lst7s £ goldRD
1902 J
8G 34 99
lstC& M7s
1903 J
94
95
Chic Mil & St P con 7s.. 1905 J-J
9034
90
Terminal gold 5s
1914 J-J
General g 4s series A..el989 J-J
Registered
el 989 Q-J
108 108
General g 3*28 series B.el989 J-J
Chic& LSuDivgos....l921 J-J
Chic &MoRiv Div 5s... 1920
Chic & Pac Div 6s
1910
Chic&P Wlstg5s
1921
94*2 97 34
Dak & Gt So g 5s
1916
95*2 95*2
Far & Sou assu g 6s
1924 J-J
Hast <fe D Div 1st 7s
99 105
1910 J-J
101*2104
1st 5s
1910 J-J
100*2 110
I & D Exten lst7s
1908 J-J
87*2 91k
LaCrosse
1st 5s
1919 J-J
Mineral Point Div 5s
1910 J-J
5
1910 J-J
88 8 92
So Minn Div 1st 6s
90*2 91
Southwest Div 1st 6s
1909 J-J
1921 J-J
Wis<fe MinnDivg5s
Mil & No 1st
L 6s.. ..1910 J-D
1st consol 68
1913 J-D
Chic & N'west consol 7s. .1915
Gold 7s
1902
Registered
1902 J-D
1886-1926
F-A
Extension 4s
Registered
1886-1926 F-A
1987 M-N
115 118 34
General gold 3*28
Registered
#1987 Q-F
A-O
fund
.1879-1929
Sinking
6s..
Registered
1879-1929 A-O
Sinking fuud 5s.. .1879-1929 A-O
130 130*4
Registered
1879-1929 A-O
129 131
Debenture 5s
1909 M-N
Registered
1909 M-N
Debenture 5s
1921 A-O
1921 A-O
Registered
104*2 108*4
1933 M-N
119*2127*2
Sinking fund deb 5s
Registered
1933 M-N
DesMo&Minn 1st 7s. .1907 F-A
Milw & Madison 1st 68. .1905 M-S
1910 M-S
105*2109
North Illinois 1st 5s
Ott C F & St Paul 1st 5s 1909 M-S
107 111
10634 108
Winona <fe St Pet 2d 7s. 1907 M-N
MU L S & West 1st g 6s 1921 M-N
96
97»4
0/ $5 to £.
a
1
MISCELLANEOUS BONDS—Continued
Street Railway
Brooklyn Rap Tr g 5a
1945
Atl Av Bklyn imp g 5s. 1 934
BkCity 1st con 5s. 1916, 1941
Bk Q Co <fe S con gu g 5s. 1941
Bklyn Un El 1st g 4-5S.1950
Kings Co El 1st g4s.... 1949
.
u
W
Central Ohio
95^ 73
94V
95>2Mar'01
103 »2 Sale 103
10334
101 »a Aug'01
ioi" Sale" 10334 106
88^ 90
89^
89V
M-S
5s... 1937 M-S
Debenture 6s
1947 J-J
A11& West Istg4sgu..l99» A-O
CI &. Mah 1st gu g 5s
1943 J-J
Roch <fc Pitts 1st g 6s. ..1921 F-A
Consollst g 6s
1922 J-D
Bulialo <fc Southwest Hee Erie
Bulialo <fc Susqu 1st g 5s.. 1913 A-O
Registered
1913 A-O
Bur Cedar R & No 1st 5s. 1900 J-D
Con 1st & col trust g 5s.. 1934 A-O
Registered
1934 A-O
1st gu 5s. 1921 A-O
CR 1F&N
StLlstgug7a....l927 J-D
1908 J-J
Cianada South 1st 5s
'2d 6s
1913 MS
Registered
1913 MS
Carb & Shawn Hee 111 Cent
Carolina Cent Hee Seab & Roan
Carthage & Ad A'eeNYC&H
M&
HS'a
.
.!
1996 A-O
/U995 Nov
ltegistered
139«g
11178
1.
112
...
-.
.1
1
MX
Ms
Railroad
Alabama Cent Hee So Ry
laba .Midi Hee sav Fla <fe
Albany & Susq Hee Del<fc llud
Allegheny Valley scePenn RR
West Hee Bull R & P
Am Dock & Ini Hee Cen t of N J
Ann Arbor 1st g 4s
/il995 Q-J
Atcb T & S Fe gen g 4s.. .1995 A-O
10
..
Apr'01
ices 071
109V Oct
J-J
Tenu new settlement
11">'4
139
i
J-J
199.",
1
12' a 114'a
:
f/e
r
..
-J
High No
18
1 1 1 '* L
11
:
..
'01
.1
137
137
10534
Ann'ol
1071*.
6niall
Missouri funding.... 1894
North Carolina consol 48.1910 J-J
IO.,'j
Sep
108*4 Xig'b'i
96
are p>
Small
Class
Class
;
Securities
i»-
1
1
7 lute
Alabama
IOS
ii.;',
i
ii
4
LO 105 Vl 108"B
'
Since
limitary 1
J-i
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U
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II
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'
January 1
J
<;
B 4a registered
coupon
S 4h registered
S 4s coupon
Alleg
BONDS
i
U B 2s consol oo up small 41930
Us
1918
rod
V 8 3a coupon
kl918
V B 8s reg small bond*../. 9 is
U B 8a eon small bonds.. A 191
PAGES
N. Y. STOCK BXCB
W111. 1. [,im. Si i-r. 13
.
Vs':»
V
Record, Friday Weekly and Yearly
ioi k
1 lunge
BtpL 13
II
VS
v\ ING
Since
Bi (•»* ri iniK'iil
2h consol registi
I
i
J'rice
stock EXOB \\<;k
N. Y.
v,
(
s
115 119*a
Option sale
'
Sei:bmber
14,
Bond Record— Continued— Page
1901.
BONDS
BTOOB i.v
WKKK mum. v
I
ii
it
\
Ask
Bid
Chicago Tor Trans g.i„
.1947
l
Cm
ua«4
.
2d gold 4 4*
1937
Lai gu g Ss.. L841
Oln i) A
CC C a si
01 St
Cin
SmI CCStL
Cleariicld a ,M:iIi See B B & P
CCl
1
La< gold 1-.
L939
i'iv lal g la. 1991
W M
at
.
.
J-J
J-J
St L Div lal ool u g 4s.. 1990 M N
Registered
1990 M N
Spr& Col Div 1m ^ is.. L940
Val Div lsi g la.. .1940 JJ
MS
WW
C
M
I st 1. a i' oonaol 8a
-N
A I93(i Q.J
1st gold Is
glatered
B<
Cin S a CI iuii 1st g 5s 1928
c a consoi 7s.
1914
Consul sink fund 7s ...1914 J-D
.
JD
1
General oonaol gold
O
Us. 1934 J-J
gistered
1:.
Ind
a
Jil
A
Ind
0<
1
J'h
lis
1
'89
'00
W 1st prel
W 1st pi Be
Peo a- Baal 1st vuu
Income Is
1:1::
1
103
/
'al
'
lal
101
im
LOS
J'ly'03
102
Hi..
Mai '99
J'ncOl
Nov*99
100
100
L04
lot
,
<
1
1
1
1
I'
1
,
A.Ug'01
"I
130
1334 140
133
J'ly'01
133
Ail
1990 Apr
58.1933 A-O
CI Lor a
Lal ^
Clev a- Marietta Bet Penn BR
Clev & Malum Val g 5a... 1938 JJ
Resist ered
1938 Q-J
Clev & Pitta Set Penn (Jo
Col Midland 1st g3-4a....l947 J-J
lat gold 4s
1947 .1 J
Colorado A- Sun 1st g 4s. ..1929
Collliu A 'In. nv See So By
CoUfc Hock Val See Hook \ 'ai
Col Conn A Term Set N a
Conn A Pas Kivs 1st g 48.1943 A-O
Dakdi ut So SmC M A st P
FA
.
alias
A Waco .S'ff .M K <k T
& Western 7 s... 1907 M-S
Morns A; Essex
lat 7a.. .1914
7s
1871-1901
1915
1st consoi guar 7s
09
09
111
Sale
126
714
39
209
Sep '00
1294May'01
130
Sale
B0
97
W
N
A N V
Syr Biug
80
82% Sep
82 4
804 Sale
80 '4
Warren 1st
Del
& Hud
A-
Sus
1st
30
'01
88
108
\ N II A II
Val 1st consoi g 4 4s. 1999
1999
Registered
7s. 11)00
Registered
1906
gold 0s
1900
Registered
1900
Rens <fc Saratoga lat 78.1921
Registered
1921
Del Riv RR Bridge See Pa RH
Denv & R Or 1st con g 4s. 1930
Consoi gold 4*28
1930
Improvement gold 58...1928
Rio Gr So gu See Kio Gr So
Den & S West gen s f g 5s 1929
Dea M01 <fe Ft D See C R & I P
Guar
95 100
45 4 73
78
77
83
1
89 78
1364 140
136 34
133 4....
140 Oct '98
133 4 J'ly'01
,
4 1024
109
133 4 130 4
11778
8
1st guar gold 5s
1124
1534 Ind 111 & la 1st g 4s
102»8
1023^
J'ne'01
100
108
107
1044
92
96
Aug'01
'01
Feb'01
115 4.
113
92 14 Feb '98
1134May'01
111
112
Sep
'01
,1414
974 Sale
"87*" "88"'
93
115
1184H94
9334
974
9S-V
i'l5"
1
'-i
884 iie
9334
93 78
119
12
824 91
105
108
140
1154
118'v
111
118
94
100
9
Bklyn
<
123
108
10c
g
1
5s. 1949
*
No price
gu g
194
1st
gu g
'
1
F
A
A-O
A-O
VO
Mont
6c
1st
107»4
<fe
121
111
Cecilian Branch 7s
114
Aug'01
108
114
N
Friday; latest bid and asked this week,
J'ly'01
1244
1194
1154
11041104
J'ly'oo
'99
109
J'ne'01
109
"9b" ioo"
121
,
ldl
Ig
105
inn
121
101
102*4
123
Oct 'OU
97
99
97
109
109
Feb '01
107
105
113
119
Jan'9H
iV'J"
113
101
1
101
In
1094110
i-'Hi
119
Sep
1
:<:,
n. 'Hi
:
112
101
1
95
1154
1004
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10 112
11
1
120 4
114 4
;
,
1124
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11'-
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1
143j
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19117
116
k.pr'01
1
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J'ly'ol
J'ly'01
J'ne'01
lo-j-4
1st gold Os.... 19.;n
1284
.
103
130
116
J
J'ly'01
BOXDS-t'oiitinued on Next Page.
94
102
El
l.d
108
100
1st
ill
OOnV
g 5s.. 191(1
"j j:'
onsol gold 6a
NTY&QE1 & PlstconK68l930
Paterson .v. P i; a i. g 5s 1949
1184
1
101
1
is A
LSI -.1
guar gold 88
91
|
1904
OOH gold Os
a
-on
6 i.07"'
iio"
Mu
i.
d Due Apr
,
1
ke
1
-
(i
lsi
1
A
-
\
Salt
1
.1
11-1
1
L5
-
106
1
lai
Kl Lsl
K
...
1
...
120
120
...
...
102
102
109
109
103 4 102
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.1
.
Ill
.1
.11%
.1
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Ang'01
.100
Feb
g5s..l949M-S
I
Due May
j
gu g ,'.s 1937
-J
D
gu - 5s 36
J
gfa.1905
gu g 5s. 1917 M n
»l
I. A
I' Ki ,
-ni n lea Co ool ti
(
1
-
1
..194
,
Fuel Gas
.1
!
106
119
1913 A-<>
Cool Ch
,i.-
Trenton
K
.
i
I
d5s...
1214 1264
Ms
:
1
v.
a Due Jan
117
110
904J'ne'Ol
11 A NaSh lsl D Os. ...1919
L Cin A Lex gold 4 4s
193
E
Eq G
108
!
I8»4
1
'01
1084H1 38
1.194 Hi
109
100
Nashv gen g 68.1930
107
1084 108
724
67
13
101 4 Sep '99
1
Aug'01
964 Dec '00
J-.l
Q-F
66
Aug'01
Mar'01
"96"*!
1
191
110
120 4 J'ne'01
98
1104May'01
110
111
112
.
10738
1
(
125*"
110
1
126
107^
994
128
108
BO
1154H8
119 s8 J'ly'01
1184 Sep
1094O't
1822
1832
1849
193
g0s..l91
123
Nov'87
J'ne'01
\pr'ol
Dec '00
69 4
694
634 Oct '00
117
1
J'ly'01
101
70
110
i9.;s
85
123
109
2<\
J-D
J-n
124
101
Aug'01
1104 Aug'01
1194123
1184120
1st con g 5s. h 193]
gold 4s
/(193
1937
Unilied gold 4s
1940
Registered
1940
Coll trust gold 5s
19;;;
Coll trust 5-20 g Is. 1903-19 v
10741114
1184 Mar'01
101
80
ills" lis
107
99 4
See Erie
1
117
105
J'ne'01
994Apr'ol
1274 Aug'01
""" ibT
68
5s.
110
5(i
107
.
1
110
100
Aug'01
120
1294
123", 12378
1004Nov'00
100
5s. 1941
110
100
106
1
10741074
105
liiiM and Electric l.iuiu
Newark Cons Gascon g6a L948I J-D
N \ (i E I. II <k P g 5s. ..1848 J-D
Purchase money ^ Is ..1849 f-a
Columbus Gas 1 st g 5s
L932 J-J
Con Gas Co See P G & c Co
Detroit City Gas g 5s
923 J.J
Det Gas Co con 1st g 5s. 19
F \
.1004 1074 Jan'ol
v
i'o2 4Xo"v o'o
128
102 4-
1
11541154 Louisv
.
124" 124"'
1940
1st
1st 58
Gold 5s
108
1LJ4H54
124
90
127
'bo";!;;!
N V 15 A- M B st con g 5a 1835
N V A It li 1st g5s.
1927
NorShB 1st con ggu5sol932
1
>T
Xov'Oll
1997
Unified gold 4s
Debenture gold 5s...
1154MavHl
1
1014 1024
Auu''in
Mav'Ol
Nov'98
127
123''8 Feb'ol
127
1st
General gold 4s
Ferry gold 44s
Gold 48
123
1184121
Aug'01
'96" "Si"
.1
Gns nnd Electric Light
Ch G L & C Co See P G & C Co
1
1004103
May'99
:
Long Dock
13641364 Long Island
MISCELLANEOUS
Gen EleoCodeb g 5s
1922
Gr Rap Q L Co 1st g 6S...191 5
K C Mo Gas Co 1st g 5s:..1922
Kings Co ElLJi P g 5s. ..1937
Purchase money 6s
1997
Ed ElIlBknlst congls 1939
LacGasLofStLlstg5s.el919
Mnt Fuel Gas Co See Peop Gas
100
112 4113 Bs 1124 Aug'01
N Y 1st gu g 4 48.1940
92 4 90 4
116
105
137
J'lv'01
J'ne'01
94 Feb '01
106 4 1064
1154J'ne'01
'115
.
Gas<fc BleoBers.
106
1(12
.1
1184Aug'(ll
109 Oct '98
1184 115
MS
123
Kill
1933
1933
Leh A N Y 1st guarg 4s.. 1945
e gistered
1945
E1C&N 1st g 1st pf 68.1914
Gold guar 5s
1914
Leh & Hud R See Ceni ol N
Leh A Wilkesb See Cent ol N
Leroy & Caiicy Val See Mo 1
SullCo Branch
(.;
104
4
IOI41
Registered
99
99
87',B
116
.
1004J'ly01
1184.
1014
1911
Leh V Coal Co
13541354
28 954101
Aug'01
99
J 1st g 88. L910
lsl ref 5s. 193"
EdElIUBkn SeeKCoKI.A P
Ed E ill SeeH V & E L 11 & P
EqG LN Ylst con g 5s.. 1932
Eq G & Fuel Set PG<fcC< !o
1013a
1935
1950
Registered
12078 131
118
111
123 34 124
107 107
140 143 4
123^4 Mar'Ol
107 J'ly'01
142 4 J'ly'01
137 4 Aug'01
Ev&
i'0'5
904 Apr 'in
Wist g 5s.. 1937
Leh V Ter Ry
111
1st general gold 5s
1942
lsl gold 6s. .1923
1st g 58.1930
lud lsl con gu g 0s. 1920
107
1114.
4s.... 1931
Registered 5s
Leh Val
J'ly'01
138
Mt Vernon
106 4 105
L04>«Jan '99
105
IOC
98 Jan '00
.1
'.'.'.'.'.'.
1950
ake Erie A
2d gold 5s
1st consoi
1st consul 6S...1921
104
L024Apr'98
North Ohio 1st gu g 5s.. 1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 58.1997
1124H24
'01
0s. 1935
gu Os.1922
Dock A Imp 1st our 6a. .1913
N Y A Green L gu g 58.1940
Ev& T H
Ang'01
104
'i'04"
LAN
913.J
116
112
1304 13«4Apr'01
1
134 Mar'00
1
Kansas Mid See St L A S F
Kentucky Cent See
Keok & Des Mo See C R I & P
Knoxville A Ohio ,S'ee So Ry
1-j
lSS^May'Ol
2d gold 4 4s
L93
General gold 5s
1940
Terminal 1st gold 5s .. 1943
Regis $5,000 each... 1943
Wilk & Ba l si mi g 5s. 9 12
Erie & Pitts Bee Penn Co
Eureka Springs 1st gtta
4 1094
1154 1154
I6>a Xpr'in
1
1951
gu g
1st
Registered
1184 Jan
123
108
N
113
1
Kan C A Pacific See M K A T
Kan City Sou 1st gold 3s.. 1950
102
102
85
110
J'ly'01
J'ly'01
122 1
106»
W
03
1
!o
r»
g 6s. .191
2d gold 58
1909
3d gold 4s
1921
Iowa Central 1st gold 5s.. 193s
Jetterson RR See Erie
A & G R See L S & M S
Kal
an A Mich See Tol & O C
KC&MR&Blstgug 58.1929 A-O
10834 111
112 4 Apr '01
110
W
&
L Sou
IutA Great Nor
151
102
91
110
.19
.
in
1004
104 "8 10034
Div 1st g4s...l951
1503j
151
HI
(tl909
>
Ind Bl & West See CC&stl,
1935
11141114 Ind Dec & Wist g 5s
120-8 Apr'01
1st cur
i
1951
1951
1961
1951
112
'01
111
.121
v&
Sua
1
Registered
Jan
924 Sep
95
Memph
St
f
Erie 1st est gold 4s
1947
2d ext gold 5s
1919
3d ext gold 44s
1823
4th ext gold 5s
1920
6th ext gold 4s
1928
1st consoi gold 7s
1920
1st consoi g fund 7s
1920
Erie l8t con g 4s prior.. 1990
Registered
1990
let consoi gen lieu g 4s.. 1991
Registered
1990
Penn ooll tr g 4s
1951
Bun n
Erie 1st 7s. .1910
Bull A s
gold 0s
1908
Chic <fc Erie 1st gold5s..l9s'.
MidRltof
so l'ac(
»
Registered
<fc
A UK
n 81
1
150
117
v
RH IstgugSs
Long Dock consoi g
'
149
116
of
Jen
I
LA NO
im
<fc
Ten Va
\\
•
1064
1
4
151
111
112
115
M inn See 81 P M <k M
& Ga See 80 B
Elgin J ol
East 1st g 5s. 1941 MN
Eliz Lex A B San See C & O
Elm Cort &Xo See Leh & N Y
KY
D11
140 4
14541474
W
Coal
4
147>«May'01
149 Ang'01
110 ,1'ne'Ol
1153b
122 J'ne'89
il2"i'l3" 111 4 J'ly'01
112 J'.ne'Ol
152 4 J'ly'01
100
ast
101
1384
4
1184H94
Des M A- Minn See Cli & N \V
Dea Moi Un Ry 1st g 5s. .1917 M-N
EaBt
1203, 123
119 4 J'ly'01
103 4 Oct '00
117 78 May'01
101
Tol See L 3 & ii So
Det& .Mack 1st lien g 48.1995
4a
Gold
1995
Dul A Iron Range 1st 5s.. 1937
Registered
1987
2d 6s
1910
DulRed
& s. 1st g5s... 1928
Dul So Shore <fe Atl g 5s. .1937
101
95
Bale
104
exl e 4s. .1948
Tex Bee 80 Pac
Registered
lsl gold 3s sterling
Registered
1952
Coll Trust gold 48
1952
Registered
Tex
gold
..1953
LN OA
4s..
1953
Id-gist ered
Cairo Bridge gold 4s
I960
Louisville Div gold 34s. 1953
legist ered
1953
1921
Midland Div reg 5s
81 LoillS Div gold 3s
1951
Registered
1951
1951
Gold 34s
Registered
185
Spring Div 1st g 3 4s... 195
Western Lines 1st g 4s. .1951
Registered
1951
Bellev& Car 1st 6s
1923
Carb & Shaw 1st g 4s... 1932
Chic St
g 58.. .1951
Registered
1951
Gold 34s
1951
Registered
1951
'
95
1OI.4 107
1st
34a
1st gold
ST
13S4
80
M
v
11
Registered
87 4
137
JD
Det
a
coi
12034 Apr 01
138 J'ly'01
101'\May'01
1434.
1917
con gu
JJ
I
<
in k
I
1
Registered
Alb
A
JO
HAD
ousatoinc Seen
13S
1174.
1304.
117 58 119
gu g 3 4s. 2( '0t
Fa Dtv 7s. 1917
rcf
1st
1
in s
8»i C B A Q
SI
I
115^. ...
1st 7s. .1900
tr
I
12941304
81
5
i"
.in
Illinois Central 1st g 4S..1951
Registered
19 1 5
1st 6a.. .1921
Y Lack <st
Construction 5s
1923
Term & improve 4s
1923
Nor—C BAQooll
1
!»C>78
103
<
00
Houal 1. a
Honsl A
964 974
101
1
•
1
W
Del Laok
106
i
J-J
I
1940 A-O
..((1938 Q.J
v
101
Sri
(
1
1
181% 131 4 J '1}
1014
103
st J^u 8
1
Paolflo
1
I
I
ii
nt
11
A HO
'.11
(
'
1928
8 A Seetiu Pad
1882 1st 58.1913
B] 1st pi g.-.s... 1945
a
-
oonaol 5a
si
.a
•
9S'.,
100
....
3 is
11
ol945
1929
6a
so Ky
Sm Bo
(iila \ (34 Nui
;ouv a iswegal Set \
mi Bet i'< un "
(.nut Rap a
Gray's I'i Term .Sec si 1. s \^.
1
1
99
100
B8
!
Hi!
n
Hard
11
A
129
t.uw
Den Clatgi
lsi
..1
11 i'i
Mm
102
113
102-1 , A.Ug'01
103
89
L09
114
104
'0
i
Pere
1
11
DColst
1
a
'01
Ang'01
Jau
W)
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'.19 'j
Si
onsol gold 6s
'00
-is
4a... L9 I"
Whom
mi
1«>2
K>:!'..
99'-. 102
M
tele's
/,..
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13
II
Cn m
See
Pel b
n a Pi
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J-D
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CC
IS
13
1
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108
Jan
Deo '00
Oi
114
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h'aryn a Bo
ni
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1
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111
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100
1
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BAG
L07W1J
1104
7(iiii
07
93 4
Bale
l
'
Jlttlh
l.tttc
Kit'.
19X9
Onlo<6 W'i-i
el832
General gold 6a
CI1I1-& Weal Midi K\ 5s
1921
Choc ok a G gen 1 5s ...olOlSJ
11 a I' oonaol si
1 .. L905
s;
11
STOCK EXCHANGE
.s,
Last sal^
i:i
Sept.
L3
PT.
l
Bangt or
(day
;43
BO MM
lice/.'*
fVfof
'
N. Y.
2
01
5g 195(1 J
g 5a 1933, m-.\
...
feDneJ'ly
.1
k
Due Aug
4 197 4
sOpiion"7
Due Oct
q
Due Doc
Bond iteCOrd—Continued— Page
544
BONDS
'K EXCH AM.
N. V. 8TO(
Wei
Jjiu
si it.
A NhhUv
-\
i
<i
.1930
\
gold Oa.
Penaacola
St i. Div 1st gold 6a
2d gold 8a
Kentuckj
I
LA
M
- 5
IiiikI
•_
I
See
!oal
...I'M.".
l
A
'•
i
Mi
tropol
Man
I.
81
1
J
Hill
\l
S
R
I
9
I'
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12*4
..
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1
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1
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it
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102
07
loo
Sep '01
1
May "01
N
W
1
1
1', -Sol.
lid
ill
-.
:
i
84*3
30*8 Sale
22
:,
I'ly
i
s;
30
23 *<
5
80*2
2G
13
"0
SO
!IO\.riVO!
82*4
91*8
J-D
M-S
!
85
25
105
86
28
Aug
J-D
J'lv
86
85
23
'til
J'lj 'oi
25
MSSM
M
150
140
119
119
i20' 8
m
105
'
J-J
95
J -I)
98*2 Sale
SI Sale
Leroy&C
R of Mo i at ex g -is. l 938
2d extended gold us... 1938
St li Ir M & Sgen con g 5a 1931
Gen con stamp gtilg5s 10:51
Unified & ret gold 4s. .1929
1929
Registered
1st g 5s. 1926
Verdi V I A
Miss Riv Bridge See Chic it Alt
Mob & Birni prior hen g5s 1945
.Mortgage gold 4s
1945
Mob Jack & K C 1st g 5s. 10411
Mob & Ohio new gold 0S..1O27
1st extension gold 6s.. '11927
193S
General gold 4s
J P Morgan A Co ctfs
MontgomDiv 1st g 5s. .194
Cairo gu g 4s
1931
St
W
L&
Mohawk & Mai SeeNYC&H
Monongahela Riv See B & O
Mont Cent See StPM&M
Morgan's La & T See S P Co
Morris & Essex See Del L & W
Nash Chat & St L 1st 7s. 1913
1928
lstconsol gold 5s
Jasper Branch 1st g 6s. .1923
1st 6s. .1917
McM
1917
T & P Branch 1st 0s
Nash Flor & Shcf See L & N
MW&A1
1
21
105
97
102
98
93
110
106
96 108
99 34 105?8
87*2 91
New
<fe
See
Cin Bdge
90
K-A
J-J
105
119*2
A-O
A-0
110
J-J
J-J
91
107
]
100
105
115
116
A;
Har
See
M-S
110% J'ly '00
J-J
J-J
J -I)
129*2 130»s 129
121 3
4i
129*2
Aug'01
125
4
93*2 Sep '01
94
94
-M-S
114
119
97*2
113
113
101*2Apr'01
.128
A-0
114
J-J
J-J
J-J
llSV
FA
126*2 Ang'01
115
113
Sep
111
Dec'99
126*2130
111 116
'01
Dec '99
II
Ii
Convert del) certa $1,000...
Small ceils $100
Houaatonic R con _ 5s.. 1937
X H A Derby con g 5s.. 1918
N
E 1st 7s
1905
lStGs
1905
N Y & North See N Y C A- 11
N Y O & ret' 1st g 4s.. 1992
Regis 35,000 only
01992
Y&N
W
<i
N Y & Put Sec NY A
N Y & R B See Long Island
NY'S&W Sec En
N Y Tex A M .See So Pac Co
<
-!'l
IT
1
28
iii'n;
117»8
!
lO^
Apr'01
.
1
.
.
04*8 Sep '01
HI2
119 J'lli-'Ol
131 Aue'oi
104*8.
129
L
.
1
-
102*2
It'll*,,
103*4
.127
119
131*8
127*2Nov'00
no
...
;,,
1
10
110
L06*a Nov'00
iYs'aMaV'OO
125
122*2
128
113
127
109*9
M
...
1)5
122*2
121
125*2 129
Apr '99
110 Oct (in
107 '4
107'.,
100 Aug'01
10738.
:
FelKOl
102
J-D
A-O
2U2
M-N
M-N
133*2.
117
:I
5 106
..
100
02
196
.
195
J'134
1
1
4
H)9*e
107
134-^J'ly'Ol
1 02
203*2
197
.
J-J
J-J
114
110
Jan '00
Apr'01
M-S
M-S
102
102 V
102
Sale
110
-
10s
L01*9Nov'98
1
M-N 113 ....
M-N 132 '2....
112*4 J'lv'01
132
129 132*2 131
134
132*2 134
102 Sale 102
F-A
A O
A-O
A-O
May'01
Aug'01
A
.
136
133*2
131
40 99*2 104
98*2101': 100 34 J'ly'01
M-N
99
114 103
Q-J
Q-J
104 34 Sale
104
Q-F
Q-F
"71*2
Safe'
103 '2 J'ly'01
71*4
72»« 103
'
70
71",
J-D
J-D
F-A
Q-F
F-A
A-O
J-D
Q-M
112
101
hio River RR 1st g 58.1936 J-D
General gold 5s
1937 A-0
Ore <fc Cal See So Pac Co
Ore Ry & Nay ,See Un Pac
Ore RR & Nav See Un Pac
Ore Short Line See Un Pac
110
104
70
Sep
99 34
J'ly'01
.
.
128
Dec'00
106
105 7a
73*8
72»8
131*2
122*9 122*9
1111*2 117
Il02
106
ii5'8ii9"
112*2 J'ne'01
95
L07*9
103*2
99 34 102
106 Jlv'Ol
88 34 May'00
110*4 Aug'01
.
69*.2
70
'01
-ep '01
132 J'lv -99
122*2 Feb '01
112 Sep '01
87*2.
116
110*4 112*2
.181
9 7 3* J'lv -00
107*2-1
10G 58
J-J
J-J
112
112*9
J-D 109
Sale
109
109 34
17 108
111
104*2 J'ly'01
107*a J'ne'01
i07"i08ia 107^2 107*2
109*2 May'01
104*2 108
Panama
A-O 104
M-N
107
105
101
Aug'01
102
105
Penn Co gn 1st g 4*28
J-J
J-J
111 "iis"
111 .
112
115U
M-S
A-O
A-O
".21*9!
112*2 112*9
110*2 Jlv'Ol
102 Xu'v'.ls
122*2 Apr'01
Pgen gug4*2SserA.'42 J-J
CI
Series B
1942 A-O
Series C 3*2S
1948 M-N
Series D3*-.«
1950 F-A
Erie<fe Pitts gug3*as B.1940 J-J
1940 J-J
Series C
120
121
Oct '00
102
Nov'00
N<fc C Bdge gen gu g 4 "98 1 945 J
P C C & St L con gu g 4 '-js—
112
114
114
114
1st a fund g4*aS..1917
Sink fund subsidy g 6s. .1910
1921
Registered
1921
Guar 3*2S coll trust reg. 1937
C St L & P 1st con g 5s. 1932
Registered
1932
107 78
107*2 110 34
107
109
101
105
101
101
105*4 May'01
102
109*2 Sep '97
103*8 Apr'01
102*4 Jan '01
101 Aug'01
"d'i"
113
'.'.'.'.'.'.
9584
95 t8
95»e Aug'01
109*2
106*2
106 34
&
104 7s
102*4
102*4 102*4
101 1033e
102 34
'94ia*e534
'2
85
94 _ Sep 'in
96 Mar'01
111 Mar' 01
106 J'ne'98
95
99
94
97*2
937a 97*2
96
97
111
Series
Series
Series
Series
Series
Pitts Ft
112*8
iie*
95
A
B
C
D
2d7s
3d 7s
J'ly'98
1940
1942
1942
1945
guar
guar
Is guar
3 'j guar g....l949
E
Telegraph and Telephone
J-J
Comm Cable Co 1st g 4s.. 2397 Q-J
239 y-J
Registered
Erie T & T col tr g s t 5s. .1926 J-J
1918 M-N
Met T & T 1st S 1 g 5s
Mnt Un Tel Co See Westn Un
N Y & N J Tel gen g 5s. .1920 M-N
100
i-j
May'01
100*2102
100*2 Oct '00
,
No Westn Teleg See West U
West Union coltr cur 58.1938 J-J
Fd and real est g 4*2S...1950 M-N
Mnt Un Tel s fund 6s... 1911 M-N
109
Oct
117
J'ly'01
114
117
112
111
109
Sep '01
Aug'01
11578
lo.-,*2l09
111
J'ne'01
111
"J'J
1904 J-J
116
Coal and Iron
Dev Co gug 5s. 1909 J-J
latest bid
and asked
55
this week,
101*2104*2
Nov'00
a Due Jan
e
Due May
M-N
F-A
129
1926
1928
Roch<fePitC& I pur in 58.1946
Sun Ck Coal 1st gs f Gs... 1912
Tenn Coal T Div 1st g6s.al917
Birni Div 1st cousol 6s.. 1917
2d gold 5s
Pleas" Val Coal 1st g
114 118
113 117 34
116*2116*2
J'ly'01
116*2 Feb'01
100
.134
106*4 106*4
97
99 34
97 May'01
136*4 Apr '01
130*4 Apr'01
130
s f 5a.
CM
M-N
106*2.
F-A
103
136*4136*9
136*4
128 34 136 58
Apr'01
.
106*4 Feb'01
103
103
A-O 106*2.
95'g Jan '97
J-D
J-D
J-J
107
80
105
May'97
May'97
Oct '00
109
108
105
.107* 101
32
110
Aug'01
Feb'00
Sep '01
..
22
10(1*4
96 s4
106*4
108
M-N
J-D
A-O
J-J
109 Sale
107 34
Co 1st gu g 68.1922 J-D
Can
DeBarC.fc l(o gug 6s. 1910 F-A
J-J
Jan
4 104
105
...
100
110
112
104*2
'00
& Industrial
Amer Bicycle s i deben
g
122*2 126*8
on Next Paae
Coal and Iron
Col Fuel Co gen gold Gs... 1919
Col F & I CO gen s f g 5s.. 1943
De Bardel C cfe I See T C A; I
Gr Riv Coal & C 1st g6s.. 1919
Jeff <fc Clear C& I latg 5s. 1926
Am Cot Oil
110*2 114*2
10li*4.7'lV'Ol
M.912 A-0
Manufacturing:
...101*2 101*2 Aug'01
A-u *114
.M-N
J
I
Clearf Bit Coal
ColC& 1 ext 1st con g 68.1902 F-A
J
A-O 114
W A 6 1st 78...1912
J1912 J-J
WhLE&PCColstg5s.l919
&R
See N Y C & H
-
.
1
121*4.
97
MISCELLANEOUS BONDS—Continued
No price Friday;
.v.-
I
11 '4
1
& Rome See N Y C
OCl'&StP See C N W
Coast
Co 1st g 5s. ...1946
Pac
ac of Missouri See Mo Pac
105*8....
A
•
ml
I
<fe
MS
1
11
1
Oswego
J-J
J-J
Gold mortgage 3*2S
1997 J-J
Registered
1997 J-J
Debenture 5s of.. .1884-1904 M-S
Registered
1884-1004 M-S
Regist deb 5s of.. .1889-1904
Debenture g 4s.. ..1890-1905 J-D
1890-190, J-D
Registered
190; M-N
Debt certs ext g 4s
19o."> M-N
Registered
Lake Shore collg 3*2S...199S
1998 F-A
Registered
Mich Cent coll g3*2S....199S F-A
Registered
1998 F-A
Beech Creek 1st gu g 4s. 1930 J-J
Registered
1936 J"-J
1930 J-J
2d gu gold 5s
&
Ad
1st
gu
..1981
Cart
J-D
g 4s.
Clearfield Bituni Coal Corp
lstsfintgug4sser 1940 J-J
<fe
C &
1G*2
1
I)
I
Col C
:
.
82
L23
M-N
W
J-J
NO&N K prior lien g 6s j>1915 A-0
Can Coal Min See T C
10
10*9
108*2
I
.'•'
N
Nor Wis See St P M & O
Nor & Mont See N Y Cent
See C C C & St L
Olnd &
N Y Rkln <& Man Belt Sec L
HR lst7s.„1903
N YCent<fc
Registered
1903
Northwestern Tel 7s
N Y
N Y Lack & w See LA \V
N Y L Ect- W See
NY&LongBr See Cen1 olNJ
NY&X
See -N V N
N YN A- Mar 1st reg Is. 1908
WW
J'ne'01
116
lie^J'ne'Ol
91*.j
91*2 90
Sale
Penn Co
Am Telep & Tel coll tr 4s 1929
29
1
i
..
L.ng'01
1
1
1
W
106
Aug'Ol
May'01
Ang'OJ
N Y Cent
See
)
99'.,
1111
111)
'uis'lll
10*2 Mar'01
17°b
1
117
g 58.. .1927 A-O
R A- con si cxt 58.71 922 A-0
Oswi- a R 2d gu g 5s...el915 F-A
R 1st gug 68.1918 M-N
Utica t Blk l:i\ gug Is. ]922 J-J
Chic A: si I, 1st g 48.1937 A-O
Registered
1937 A-O
Green w Lake ffe^Ene
W
BWAOT
NY
NY&
,N Y
:
;;
May'01
111
II
I
li::'-_
113
110*3
>9
1st
114
New HAD SeeNYNH&H
RR
N J June
junii
ST* North
110 34
117
Nor & South 1st gos
1941
119*2 125*2 Norf & West gen g Gs
1931
100*2 109*2
Improvcm't & ext g6s..l934
New River 1st g Gs
1932
103 110
N & Ry 1st con g 48.1990
Registered
1990
90*2
90
C C& T 1st gu g 5s
1922
100 100
Scio V <fe N E 1st gu g 4s 1989
105 107
North Illinois See Chi A N
113 115
North Ohio See L Erie &
114 119
Northern Pacific
114*2116*2
Prior lien ry A; 1 gr g 4s. 1997
84*4 96*4
Registered
1997
General lien gold 3s
a2047
Registered
«2047
C B & Q coll tr 4s See Gt Nor
St Paul-Dul Div g 4s.. ..1996
Registered
1996
St P <fc N P gen g 6s.. ..1923
127*2 132
Registered certihc's..l923
121 130
St Paul & Dul 1st 5s. ...1931
2d 5s
1917
87*a 9678
94
96
1st consol gold 4s
10G8
110 116 34
Wash Cent 1st g4s
1948
100 101*2 Nor Pac Ter Co 1st g 6s.. 1933
Nor Ry Cal See So Pac
novj'ly'Oi
10u'J 4 106
FA
1
.
Registered
7
1-
90
J-J
99 78
87
'99"ibo
OO^J'ly'Ol
106
Q-J
98
7o
97
LOO
Mar'01
100 Sep '01
lOSJaJ'ly'Ol
K-A
K-A
J-D
103*2
90*4
'01
114 J'nc'lil
113*2 115
123*9124*4 123 *a 124
105 Sale 105
105
gu g 4s. 191 FA
1.1st g5a 1926 J-J
Pac
123*9 123k
122*2122*5
lii'-j 120*2
99
82
98
80
M-N
M-N
M-S
M-S
1st
VA
xpr'Hl
122*a Feb'01
L20 Sep '01
103'
103
147*2147*2
119 122k
!00%Nov'99
1st g4s...l990 F-A
Neosho 1st 7s... 190: J-D
1st gn g5a
1942 A-<>
Cent Br Ry
.1
103 34 102*2 Sep
Pao
1906
1920
1st conaol golilOs
stamped.
nioi
Trust gold 5s
Registered
a!917
1920
1st coll gold 5s
Registered
1920
I
MS
II
1
Tebo&
Feb '01
119
103!2Apr'01
98 Apr'01
M-N
Boonev Bdg Co L u g 78.1906 M-N
99
Dal A Wa 1st gn g 5s.. .1940 M-N
MK&TofT Iatgag5s.l942 MS "106
99
SherSh A So 91 gn g 5a. L943 J-D
Missouri Pacific 3d 7s
147*2
J-J
J-
r
MoK&E
Sale
L09»4
Ii
1902
1909 M-S
1931
1981 ijM
1940 J-J
1940 J-J
1-.
K-A
118
(
J-D
M-N
MS
JJ-
,/
Jliijh
Feb'00
L3*9
J.
J-D
J-D
Bat 0&Sturlatgug38.1989 J-D
Y A Harlem
2000 M-N
N
w
107*2
An
M
N
May'00
Li,
L06«« 110
100
102
108
1
6a
5s
Registered
4s
Registered
High Ac
of**a J'iy'oo
i
J-J
211
1
t
27
W
1
KanCA
f
1st cousol os
pr'00
I9
A-O
I91H
i
38*4
A-«)
MS
•101
F-A
F-A
1
'iiuai
l.auL
Low
J-D
MS
1
1
13
Sept.
K-A
J-J
J-J
Pitts McKit V I8tgn6a.l932 J-J
2ii guar 6e
J-J
JldiiT.,1 B V 1st g6a 191s J-J
Mich •-ii
B1 i-inisiil 7s.
902 M-N
J-li
.r-j
J'lv
I'.i'.M
2361
7e. 1903
giatered
i«03
1. 1. 1'l 8*98
1997
-iin-il
1997
D<t .Mon A- To! Lai 78.1906
Kn A At; 1: 1st gnc6a. 1938
Malum C'l RR si 5a. .1934
03*9 106 *s
105*4
117*2
North
South West Kx latg 78.1910
1934
1st conaol gold 5a
1st and refund gold la. .1949
R&N
.Minn AStLgD
,M<&1> 1st os si i»l 4s ml gn L936
A A 1st glint gn 1926
St 1" A s S M oon g41nl gu'38
Minn Un See si p M am
Mo Kan & Tex 1st g 4s. ..1990
6T1990
2d gold 4s
104-1
lstext gold 5a
gu
g La..
red
Mi, lit
(
See Chic<S
See Chic <6 N
\'.<\'j
iV;
1:
II
Ail.
Begiatered
in:,'.,
1
18
i-r.
Weal Shore Lat4e
100
100
nil
See Ch M a 81 P
AL- St I'
See Oh M A si p
Minn A- St 1- lsi gold 78..1927 J.D
Iowa Ex 1st gold 7s
L909 J-D
Pacific K.x 1st gold lis ..192 A<i
Mil
Mil
n»« e
ik Mai 1st un
Doome 5a
A-
3
i
i
Si.
mge
ye ar
t,i,l
(( ,,,,1,, ,„,,
Lake slum- conaol
AU
Colon
McK'pl a B V - N V '.in
Jlii ropolitan El Si t Man By
Mex cut conaol Bold 1".. 191]
oonaol income a 3s. a 931)
3d oonsel Income g 3a. .a 1939
1(117
Equip
coll gold 58
1919
2d seriea gold 5a
Mc\ Dternal
oon
Is. 1977
192'
,Mex Nat Lai gold 6a
2d inc lis a op »tmpd..'il917
2d Income gold 6a B.../il917
Mex North la1 gold 6a. ...1910
Mich Cent See N v Cent
rOINO
I
ami:
K J J inn
Hi itiati
N V A I'm
115*2
110
'_
12
115
'2
I
78*9
102
1
s
la.
::
>
Ci in
Moh
Aug'01
111
S
12(5'
.l.ir'll]
108
Wi
N
Gout
',
i'.
I
73*a
1990 A <>
1990
6a ...1908 J-J
,1
l.i
W
S
I
Dei
118
///'//'
I,
anhattan Ryconaol
-trl,
l'jii'i
A
K-A
1986 K A
1910
goldOs
i
|
1
S
g Oa. .1921
.
..
M
M
MS
L945
..1937
l-i g l>aa
ooi
\ la
ahull
1921
i
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Jell
N
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ii
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BTfl A-
Pens a
.s a
\
sink
1,
i
a \ A .MA
S
J..
s
> i
l
Low
High
Bid
116
n.w.'*
STOCK EXCHANGE
N. V.
Hi
::
i
BONDM
Range
ii..
day
'"'/ 1
oiitlnui
'
-
// let
i
[VOL. LXXIII.
8
ext 4*«s
Due J'ne h Due
J'ly
5s 1919 M- S
73
1915 Q-F
.101
p Due Nov
*
69*2 82
69*2 Sep '01
100 7s
Option sale
101
10
99
102
September
Bond KeCOid— Concluded— Page 4
14, 1901.]
BONDS
X.
\\
IIYcA'j
stuck EXCHANGE
V.
i
h
i
ENDING
Sept 1A
Si IT. IS
i;
A'o
.
Xov'9'
Lia&jMar'OO
102
Ail See
Set C
n i>t
i
100
115
112
'01
123ia..
L939
Ash
1st
(let 'OO
127
112
Feb '01
iae"
8 A
J'ne'01
108
109
so
.
Registered
A Sar
Rensselaer
Xov'98
121
120
113
90
98
99
100
1-ji'ii-ji
95
J'ne'09
J'ly'97
j'lv'oi
Aug'01
99
98
121% Mar'Ol
121
% Salt
%
9;-»
9.V, 132
Apr'01
92
Sale
lOO'-i
93
lOOia
101
Aug'ol
96
88 78Sep
117
lot!
17
loo-.
121',
92%"
Lake C
1st g s f 6s.. 1913
StJo.tGr Isl 1st g 3-48.. 194
St Law A- Ailirou 1st g 58.1996
92
98% 1033,
93% 96 4
1
92'-.:
.116
95
100
100%
100%.
.
125
100
100
!02
97%
96ia
77
:!
i
903.1
90
97
J'ne'01
100
102 34
11634
116%.
139%
97%
139
65
147
llf>3j
J'ly'O
139
137 34Feb'99
111
115
110%.
105
114%
11 6% Apr '01
114%
1
li'.'-
,108
138
126"
i'22"
142
i'24*
'.'.'.'.'.
116
103
106
'01
108
See
L
it
120'-
110
112% 3
tu
110
hi
10
112%
Apr'01
110
110 34
,-.,v".i7
108%J'ly'01
116%SaIt 115%
.J-J
i'09"
J-J
J-J
1*1*5*"
.r-j
116%
'.'.'.'.'.
"*'"'
j-j
128
Apr'00
140
115
Mav'01
132
140
Apr '97
121%Aug'01
121
122
104
111
120
Apr '99
111
Aug'01
MK
<fe
lis
09
92%
121
j-.i
lis
lis
j-j
85
82
W
See Nor it
1st 5s
1926
Car Cent 1st con g 4s. ..1949
K A 1
Slier Shr <fc So See
Sil Sp oca & G See Sa v F <t
Sod Bay <t So 1st g us
1924 J-J
Ga See Southern
So Car
Southern Pacilic Co
Feb'Ol
100% Feb'Ol
87 Aug'01
94
M-N
M-S
MS
*
11134
126
J-.l
95%
L21
.Tu. 01
12034 120
j'ne'o;
J'ly'O]
128% 122
122
L28
88
88
88
100%]0'.l
87
87
91-4 91-:1
i
91 58 J'nc'Ul
"
1 02
114
116
.10%
LssS"
124 V
12
114%
114%
110
91%
110
111
Sep 'ill
Aug'01
Sep '00
us no
lie
110
120°8J'ne'0]
117
J'ly'Oti
116
Mar'Ol
115
Mar'Ol
104
119
Feb'Ol
119
93
90
84
98
90
90
J-J
J-J
83% 84%
A-O
J-D
97
J-D
1911 M-N
i
:io%
108
104
..
2
....
See Xor Pac
W
See Sout hern
West N Y& Pa
91
Sale
Cent Pac 1st rel gu g Is 1949
Registered
ilort guar gold 3%s../.l 929
Registered
£1929
101
'
Sale
80% Sale
9<»3.j
100
u
92
Ss
95=e 101
83
'4
Nov'99
85
111
101
117%
1
4123
>4
s.v%
loo
L03% 107
'
:
I
110
10
IT'; lor.
'4
L30
121
106
119
118
125
LI 5
106
117
113
117
119
99
59
03
110 34 J'neol
98% May'OJ
110 J'ne'UJ
5
L08%
125
110',
J'ly'01
1
94
7:1
1053,. L9J
119
120%
100
10% 111
108
95
Aug'01
100 Jan '01
117%J'nc'01
113 Mar'Ol
J-J
96
100
J'ne'01
101%
103%
9978 j'ne'00
80
87
89
VaCent & P Istg0s..l911
Wheel'gA L E 1st g 68.. .1926
Wheel Div 1st gold 5s. .192s
KxtenA Imp gold 58...1930
1st consol
111
'-.
119
Sale
89% 100
A-O
Nov
4s
Wilkes A East See Erie
Wil A Sioux F See St P M
Wmona
<fe
P
St
Wis Cent 50-yr
1949
J-J
A-O
Sep'01
40
.Mar'Ol
J-J
F-A
MS
1
1
120
119
loo
N
W
Gold 4s (Cent Pac coll)
Registered
fcl949
104
"a
8
117 34
6934 Sale
1939 J-J
Det&Ch Ext 1st g 5s. .1941 J-J *io8%i;i
DesMoin Div 1st g 4s.. 193'.i J-J
95
98
31 ("has Bridge 1st g 6R.1908 A-O
110 113
Warren See Del Lac & West
1
5
Aug'01
128 a4 125
110% 110
1
.
98
10434
119
Ml
1
..
19 I071- 114
102%
110
7o
111
UU
112
19 119
122
1287
Wash Cent
A
A& N W lstgu g 58.. ..1941
115
J'ly'01
104% Sep '01
Sale 104% 107
*
lie
115
86
Sale
yerVallnd&W See Mo P
' irginiaMid
See South By
1939 M N 113
Wabash 1st gold 5s
2d gold 5s
1939 F-A T10
Debenture series A
1939 J-J
lstg58..193
100
120=a
Lie
94
Aug'01
84
104
1947 J.J
gold 3-4s
L943
Income os
dl94S
West No Car See South By
West shore See
Y Cent
100
.
124%
111%
116%May'01
118%
2000 J-D
Mai
Gen
*
L
<
Wash O &
104 34 Feb '98
W
1905
fc] 949
121
117
lol'4.Tlyoo
lll%J'ly'01
83
Dee'00
L08<%Sep'01
921100
Ore Short Line Istg6s..l922 F-A
1st consol g 5s
1946 J-J
Non-cuminc A 5s
fc.1946 Sep
Utah & Nor 1st 7s
1908 J-J
Gold 5s
1926 J-J
Cni N J RR & C Co See Pa BR
Utah Central See Rio Gr Wis
t'tali<fe North
See Un Pacific
I'tica & Black R See N Y Cent
94»4
120
120
117%J'ly'u;
119
119
112
112
119
SeriesB
943.1
il"%
96%
110 Apr'01
OreRy&NavlstsfgOs 1909 J-J "107
103 V
Ore Ry
Nav con g 48.1946 J-D * 10234 103% 103
Deo '99
L23
%
W
T
Registered
1st lien convert 4s
110% 110%
11P4
A-O
nPacRR<fe Igrg4s..l947 J-J
100
11
i
51
ii7'i.rh o:
loo Apr'01
98% Aug'01
120 Mai'Ol
95 Sep'01
N
Tol
Wist gold 4s. ...1917
Tol St
Wprlien g 3 %S.1925
50-year gold 4s
1950
Tor Ham & Buff 1st g 4s. h 19 16
Ulster* Del 1st con g 5s 1928
107H
120
119
J
Nov'00
L09%
111
g4%s.. 1939 A-O
1894-1944 F-A
St L M BgeTergu g 5s. 1930 A-O
Tex & X O See So Pac Co
Tex & Pac E Div 1st g 6s .. 1 905 M-S
106%110
110% Aug'01
126% Jan '00
125%.
Istgng4e..l938
G gu g -Is. .1918
.
120
107
01
<fc
F& W
g4%s
|.i
<t
L&
116H
116% 116%
May'01
108
106
1st gold Os... .1934
1st gold 5s
1934|A
St John's DiV 1st g 4s.. .1934| J
Ala .Mid 1st mu gold 68..1928 M
2-5 .year coll tr
lly'Ol
Nor 1 st g Os. 1 939 J-J ,,„,,
Stat Lsi Ry 1st gug4%8..1943 J-D
Sunb it Lew See Penn lilt
Svra Ring it N Y See D L &
spok Falls
P&
142
11334
Aug'01
105% Sep
.
.
M
S&N Ala
...
!
.J
193s
&NE
J-J
98% 99 Aug'01
111 J'ne'01
95'4l01%
1931
LaDivBL 1st g 5s
-J
114% 114^
71
82% Tol & O C 1st g os
1935 .T-J 112%
Western Div 1st g 5s.. .1935 A-O H14 115 114 J'ly'O!
105% Sep '01
General gold 5s
1935 J-D
"97% 96%
96%
no34 n87,
Kan<& M 1st gu g 4s. ...1990 A-O
Nor Pac
Seab& Roa
I"
'01
Jar'Ol
1922 J-J
J-J
See
1 erAof St List
1st con gold 5s
100%100H
'01
78
Sale
&0
SFe Pres<t Ph 1st g os... 1942 M-S 105
S A & A P See So Pac Co
8 F & N P 1st sink t g Ss.1919
110%.
Scioto Val
Jan
Sale
Equip sink fund g 5s. .1909 M-S **97%
1927 A-O 111%
Deb 5s stamped
Rich & Meek 1st g 48. ..1948 M-N
So Car A Ga 1st g 5s. ...1919 M-N 109%
Virginia MidserD 4-58.1921 M-S
Series F. 5s
L926 M-S
1930 M-N *i"l6" ii"7
General 5s
1930 M-N *116
Guar stamped
WO.t\V Istcygu4s..l924 F-A 84
West N C 1st con g 08..1914 J-J 120
Tebo & X
91% 102
May'01
Apr'01
100% Sep
Lit:'
112% 119
115 Sep'01
102 1-2 Oct '00
StPA-S'xCity SeeCStPM
it
.
113
30
.)
MS
1st gold 5s
1st gold5s..lo;;s
W
',.1
.J
1
2dgoldinc5s
M
Sp Oca
1
137
123
.I-J
J
1
g6sel909
& <ihio 1st g6s...l926
L916
Rich & Dan con g Os
in
114isMaV0]
128% 128
127%.
W
Sil
gug
1st
1st
Knox
111
112%
lll 34ll4%
111 Aug'01
114 4 J'ne'01
1st g4s
1937
St Louis So See Illinois Cent
1st g 4s bd Otfs.1989
St L 8
2d g 4s mc bond 0tf8...pl989
Gray's PtTer 1st gug os 1947
St Paul <fc Dul See Nor Facilic
St Paul
<& Man 2d 68...1909
1st cousol gold 6s
1933
Registered
1933
Reduced to goid 4%s..l933
Registered
1933
1910
Dakota ext gold Os
Mont ext 1st gold 4s
193
Registered
193
EMinn 1st div 1st g 5s.. 1908
Registered
1908
Nor Div 1st gold 4s.... l'.i 48
Registered
194s.
Minn Union 1st g 6s
1922
Mont C 1st gu g 6s
1937
Registered
1987
1st guar gold 5s
193
Registered
193
Bruus<ft
1
r
GaPac RvlstgOs
89% 98
Kansas Mid
Sav
Argu
84
1996
See
A Pass
.V.
l'of
94'
M
Registered
1
"aT
Ad
J
1
L994
Registered
Div 1st g4%-6s... 1996
St Louis div 1st g 48 ...1951
191s
Ala Cell I! 1st g tis
Ati * Danv 1st g4s....
guar
4s.
1949
At] >t Va.l Let g
191f
Col <fe Greiiiv lsi Os
ETVai&Ga Div g 6s. .1930
1956
Con 1st gold 5s
L938
E Ten reor lien g 5s
193s
Registered
106
95%
95% 95
94
Cairo See Mob * Ohio
Iron Mount See
P
Se* Wabash
St L
Br See T R B A ot St L
StLAS Lnm 2d gOs CI A. 1900
2d gold Us Class B
1900
2d gold 0s Class C
1906
General gold 0s
.....1931
General gold 6a
1931
1st trust gold 6a
1981
PierceCAO 1st g 6s. ..1919
St L A S F BR gold Is.. 109t
Cent Div 1st gold 48..1929
NorthwDiv 1st g 4s. .1930
Southw Div 1st g 5s.. 19 17
P A Nor Pac
..
Mem
'"i
'oo
8278 .T'ly'01
92 34 J'ly'01
82ia.
100'
92
Feb'Ol
106
.
A Pitta See B R & P
Rome 'Wat ct Og .Seeds' V Cent
SagTusA n &'m Pare Marq
Will&S F
1
92
1906 F-A
Sabine Div 1st g6s... .1912
1948 J-J
con gold 5s
1994 J-J
Southern— 1st con g 5s
Rocli
St
II
A-O
-
11338118%
118>-j
118Vi
'.'.
ibo"
Utah Cent 1st gug48.ol91
Bio Gr J iinc 1st gu g 5s... 1 939
Bio gr So 1st gold Is
1940
Guaranteed
1940
StLKC&N
M
1918
1920
1
1173i„
OUth Ry
Rich it Meek See Southern
Bio Or West 1st g4e
L939
Consol and col trust 4s .1949
LA
LA
Ill
loo;, A
Cal 1st gi'.s
....
1906 A O It'1st g 6a si lea B
108%...
1st g 68 series C A D.1906 A-O
'.il•118»4
A-O
...
F.l
E
&
series
Os
1st g
1912 A-11
ls! gold Os
B81 M N 108
1st ly.n guar g us
1905 1937 M N 10H
Stamped
J-J
110
g0s..l91
1st
.Mix
N
8 P Coast 1st gug 48.. ..1937 J-J
'98
D&H
Sd gold 6a
J
O
111
l"l
1
1997
See
gu I'
gu g6a
\
1st
..
1
1
•
Xov'97
107% Oct
O
\
c.n 6s. 1927
1997
Reading Co uin g4s
Mi
'.v
'I
»108
192 A
6s '30 M-N
Lsi 7a
.
M N
m S
M -N
\
1
I
N
L938 A O
i.uaianti ed gold us
lsi guar g 6s. L92' J-J
,,, ,v
..1
88% 188%
Mil
137
Co cents
it
<ft
V
T
.v.
D
..
.11.11
08.
Noof Cal
1
mi
Is
\
J
J
..191!
Waio.t N Wdi\ Ut
.
-i
m
g ohl
len
guai
Hi
1
F
M
1
1922
Pitta June 1st gold Lis
Pitts A L Kin' 2d g 5s...ol928
Pitts MoKei s .v.
SeeH
Pitta P«ft V 1st gold 5s. ..1916
Tins slut 1, E let g 68... 19 io
1st consul gold us
1943
Is
HUT
Pitts A Wi si 1st
St
St
mable
6a int i"
lsi g
>1«1
H4iaAug'01
Huron Div Lai g68. L989
BagTns.fi Hist frag 4s.l931
Pt
Pine Creek reg guar Bs.. .1932
Pitts Cln .v st l. S( e i'«iui Co
Pitta Clev .v Tol 1st g 6s.. 1922
Pitts PI w & eh See Penn Co
PC
Z~
33 ia Jan '01
1
P m g 68.1920
1st oonsol gold 5b
:
T Ut
on-ill
i
N
1921
g 6s
-
1
W
Morgan's La
il'7"
1(192]
FA
Pen- Marq
alt
.N
<fi
h A
.us
.v
II
Nasi.
SI l.
l. <&
CCA
2d goidl'-js
Y
1.
1
112" Jan
i
.v.
-
.
A [exist gu r L%al941
Lew is 1st g 4s... L986
RH .v Can geu4s. Ism
Pensaoola
J p
Pitts
U
.
.v-
Pco A Bast
pco 4 P« k
Sept.
'
I
.1
'
P
u
1
Har* 8 Alal
Ma]
1
'
.\
Jlit/it
'
Ki 11
si e
1
IN.,
1.
Ifl
1948
gold -In
Val gen gn g 4s... 1942
L936
1st
CIA Mar
|
Die i: R<S Bge l.-t gn
l
RTOCK
^
.1931
aiic.lt
Sun
J~
r»1919
i1
...
BONDti
i;-.
ar
lust Sale
108
—
1st real eel gee. 1023
1906
Congo) sterling g 8a
Con currency Os reg.. .01906
5s
1919
Consol gold
Con.-..
ii i/,-
Ash
/(hi
Pt'un nit
I; it
J-'rittai/
545
100%
113%113%
117%
.4
13% Mar'Ol
I3%114ij L15%J'ly*0j
llti
Ill
...
...
90
9:
88
Sale
113
112
May'01
J'ne'01
90%
Bl%
88
89
lot
104
40
31
.
...
112
J
94
89
& M
W
See C & N
1st gen 48.1949 J-J
MISCELLANEOUS BONDS—Concluded.
SlanulncturiiiK A Industrial
AniHideifc L 1st sfgOs.. 1919 M-S
American
Am Thread
A
Sale
Spirits Manufactur-
ing 1st goldOs
1st col tr
93% co 90% 98
90
i"05
Adams Ex col tr g4s
1948IM-S 102%
Am Dkit Imp5s See Cent N
....
78% 85
" Jau"'00
Hklll
85
90
W
\prv01
Jan
111
98
108%
108%
108%
93 Aug'00
L08% Aug'01
W
<t
....
"96" ibo
109
ibo
111
107
92
110
':
90
70
11
....
M
S
113
.'.
dad S() Garden 1st g 58.. 1919 M-N
Man Boh 11 A Lgen g4s.. L940 M N
X .«]> Ne ship & n D58dl990 J-J
N V it Out Land 1st g 68.. 1910 FA
90
let
M A
-M
1.1
gr3%8
Hack Wat Reor
II. -nd
I!
Co
llobokcu
7 105
1st COn g6S
1st 6slrctfa
SI Vard col g6s. 1915
w
19 is I'.A
111
Jo4
'99
L00%J'ne'0]
108
TV Co
I'll
Bkln
I
'
A
Nat Starch Mfg Co 1st g 6s 1920 M
Xat Starch Co s f deb 5s. .1925 J
Stan Rope & T 1st g 6s.. .1946 F
78% J'ly'01
92
Gramercy Sug lstgold 68.1923 A
IU Steel Co deb 5s
1910 J
Non-couv debeu 5s
1918 A
Int Paper Co 1st con g 6s. 191s F
Knickerbocker Ice (Chicago)
1928
92%
.1
1915 M4s. ..1919 J
Bar
S Car Co 1 st g Os ...1942 J
Distilling of America collateral
trust gold 5s
1911 J
1st gold os
ellaneolls
>1 is.
93
lsi
lsi s
LA
I
1
.1
-J
!'1%
IU
S A. 1911 A-O
g 5s.. 1926 J-J
g Bs
...
1931
.1
gold 5s... 191'
I'CuppbsStat'n
A
Prop
Co 1st g 4 %s 5-20 year.. 1917 J-D
Keb'97
101
;,l
52
46% 72% s Yuba Wat Co 11.11 g 6s.. 1923 J-J
60% Sale 50%
113%J'l.V'0O
Income gold 5s
12
Sp Val Wat Works 1 8 1 68.1906 M-S
1940
6% Sale
56
6%
........... ........
15
.......
LeathCo
ii»*
Vermont
viwwmi
V** S *^-"i"
sf mcu
.i^iuni'ii
M
>i;no
1
\^w o
deb s
1913
114
aj.**
Sep'01
113
Mar
«m,«m
*oioxu3...x^i\'
gOs..
u».
114
lsi si 8s. ..1910
...
lit irrp 01
• No price Friday; latest bid and asked. aDueJan bDueFeb U Due Apr g Due J'ne ADue J'ly k Due Aug n Due Sep p Due Nov q Due Deo «Optionsale
.
*-*
*.
1
94 a4
90
J'ne'01
('.''1
1
.
1HE CHRONICLE.
546
Securities
(.a-.
Volume
of
Business at Stock Exchanges
[Vol. lxxiii.
1st
05
8101
60
LOTIONS AT THE NEW SORB BTOCB EX< HA
BDY
DAILY, Wl l.K i.\ AND
TKA.n
.
k
i
ii
\
7
KansiiH City Ga*
Ask
Rid
60
napolta .a^ -lock 50
Ui I'.i'ii
M N
<
i
08
101
71
'-..
inn
103
i
llldil-lrio
nt
Preferri
I
I
I,
anil
irks
i
tl
>li-
Ore iW
Grain El
all an::. iv
(,'in
h
&
ii
.
-
com. LOO
loo
I
20
25
70
'j./
I
15
inc.
80
00
00 406
tie Gas
In NT Y stk
Clatlln n B)ls1 prel loo J (Ml
Lata) e( la
i:i
loo 101
52
2d pi' ferred
103
'i. Minimi
WaliV -i 0s'25.J
)O0
50
05
Cold Hock Coal* 1 pt loo
60
1st Os l'.i'JO
1st ir 5s 1017
J
A-O 'A 07',. 10
98
it
Newark Gas 6s 104 l.Q J 8140
o. .. 100
\ ir
11
C'OIlipi
U> 16
Newark lonsol Oas loo 66
r Heating loo
58
Consolld
60
5s 1948 .sv. siock Exch list
com. loo
17
New Ens Gas .v C See B oaton
Preferred
60
67
LOO
0& Indcon \at a in loo 18 •_'2
2
Bubber Tire.. LOO
4
Os 1026
l-li
i'ti ferred
50
46
100
2'iki
07t.2
Proi
Consolidated Tobaci
67"g
60
06
96"
81 Joseph Gas 5s r.i:j7..i
lor bin Cabinet Lock, ion 260
100
B1 Paul Ga
(oi inn ip & f) Co ... 26 loo
lock. ...100
60
63
80', ssV,
General
75
ramps' Sh&En BldglOO
L944...Mmi ode steel See stock Exch
18
Syracuse Gas stock.. ion
22
.to
1st 5s 1940
list
02
Diamond .Match Co
71'y 77
West* in Gas (-Miiw).ioo
97
Dominion Securities. 00
90
5s See N Y Stock Exch list
Electric r.oat
18
LOO
20
ion
45
Preferred
49
Teleiir
Telephone
5'-.
Electric Vehicle
7
100
.i inn
Amer Dist Telcg( N S")100 34
40
12
LOO
BellTelephof BuUalo 100 113
10
Empire State Sugar. .ion
Central* So Amer.. .100 100 110
JJ
96 >a
916
dies & Poto Teleph..lOO
00
05
loo
Empire Steel
4
5
102
5s 1909-29
J-.l
30
Preferred
35
10(1
185'
• in rai Carriage
Commercial Cable
180
1'8
ion
1 oo
1
55
10
Commer Un Tel (N V
ral Chemical
124
LOU
Emp & Bay State Tel loo 75
Pn ferred
Inn
101
Erie Teleg <fe Telep Bee
Gorham Mfg Co com.loi, 110
os ton list
Preferred
ion 120
Franklin
45
55
100
101-2
Gold & Stock
100
Havana Commercial. 100
4!o8, 1905
43
loo
40
Preferred
Hudson Biver Teleph 100 118 123
Hkr-Jones-Jew'lMill.pfd
55
"90
1st o.s 1922
International Ocean. loo 116
118
M
96
Mexican Telephone See Bosto n list Herring-Hall- Marvin loo
30
New Eng Telephone see Bosto n list 1 si preferred
45
100
Northwestern Teleg. ..50 124 120
2d preferred
4
100
N V & N J Telephone 100 168 172 Hoboken Land& linploo 110
5sl920
M-N 112 115
5.s 1910
M-N 100
78
Pacitic & Atlantic
85
International Elevat.loo 110
26
Providence Telephone. 50
97*9
Internal Pow Co pref loo 150
Southern & Atlantic.
100 110
Intii nat'l Pump .S'eeStk Exch list
Tel Tel & Cable of
list
Internat'l silver See Stk
. 1
6^2
8
f
J-D
97 100
68 1948
Electric Companies
2ia
t
Iron Steamboat
Allegheny Co Lig't ColOO 165 170
John B Stetson com.. loo 130 140
Chicago Edison Co.. .100 165 170
Preferred
loo 125 135
Eddy Electric Mfg Co. 25 t
133* 14 1 *
10
Lanston Monotype
20
Edison El III Co Brk N V Stock Exch Lawyers Mort insur.loo 195 200
Edison Ore Milling Co 10
95
11
Lawyers' Surety
8
100
lis
Electro- Pneum'ic Tran 1 o t
l 1" Lawyers' Title Ins. ..100 310H; 320
Ion 117
General Electric Co
Y Stock Exch Lorillard (P) pre!
122
10
Do pref See Boston list
Madison Sq Garden. .100
55
Hartford (Ct) Elec Lt loo 195
2d Os 1919
-M .\
65
8i*
7 34
Narragan (Prov) El Co 50 t 94 4
Mex Nat Construe. pflOO
New York & Queens Elec
Monongahela B Coal. .50 t \i%
4
.loo
23*2
Light& Power Co.
Preferred
47 k,
22
50
Preferred
05
Mosler Safe Co
loo
100
100
68
17io 18
Bholsl Elec Protec ColOO 119
Nat lonal Carbon
1 oo
83ia
Preferred
Storey General Elec. .10
11
12
100
17
Enam'g
25
United Electric of J100
Nat
it
stamp
20
100
28
loo
83
4s 1929
70
Preferred
72
87
3
Unit ElecLt&Po Co. .50 See Ba It list Nat'l Gramophone
1 oo
5
National Salt See
Stk Exch list
Ferry Companies
National Surety
100 145 155
27
Brooklyn Ferry stocklOO
New Central Coal
17
20
32
20
80
NY<feBlst6s 19.ll.J-J 113 114
N Y Loan & Imp
100
Con 5s 1948 See Stock Exch list
N Y Biscuit Os 1911. M-S 114 115 ]
Metropolitan Ferry 5s..
108 110
N Y El V Tr ($20 pd)100 1034 11 4
E B Ferry stk. 100 66
70
Y Bealty Corp
100 150 165
96
Nicholson File Co
1st 5s 1922
M-N $ 95
100 128
8
N Y & Hoboken stk. 100 79 82 Ontario Silver
100
9>a
29ia 30ia
Hob Fy 1st 5s 1946 M-N $112 113>o Otis Elevator com
loo
Preferred
95
Con 5s 1946
93
loo
J-D $ 92
98
Pittsburg Brewing
50
26 h 26
New York & New Jersev
1051-2 107
Preferred
44 U 44=8
1st 5s 1946
J-J
60
10th & 23d Sts Ferry 100
80
Pittsburg Coal
loo
75
313b 31=8
108
Preferred
95=8 96
1st niort 5s 1919. ..J-D $105
loo
Uniou Ferry stock.. .loo
39
40
Pitts Plate Glass
loo
174U
M-N
Planters'
Compress
oston
li.-t
1st 5s 1920
98
See li
$ 97
Pratt & Whitu pref. .100
89
95
Railroad
Procter & Gamble
loo 339 340
Preferred
ion 205 208
Chic Peo & St L pref. 100
4
Boyal Bak Powd prel 100
Prior lien g4ios'30M A s $105
107
98»a 100
Bubber Goods Mfg See Bl ockEx Bst.
Con nitg g 5s 1930. J&J
90
92
Income 5s 1930
14
59
16
Russell it Erwin
02
26
Denver & South'n See S tk Ex list
Safety Car Heat & Lt loo 147
150
Simmons
Hardw
Detroit Southn (w i).100
14
com
13
100
168
Preferred (wi)
39
41
Preferred
100
1 00
141
2d preferred
1st 4s 1951 (wi) ...J-D
85
83
100 140 145
Singer Mfg Co
FtWorthife Bio Gran. 100
100 235 250
4
K C Ft Sc<fe Mem pf (w i) 74 Hz 76 ii Standard Milling Co. 100
5
Preferred
Befg g4s 1930 (wh issi $ 8434 86
15
100
20
Pitts Bess&LE
00
5s
62
60 t 34
60
Preferred
Standard oil of N J. .100 745 750
50 t 71
74
Stand Undergd Cable 100
Seaboard Air Line See B alt list
220
Sloss-Shetlield See Stock Exch list
Industrial and JUiscel
Standard Coupler comlOO
32
28
Preferred
Aberdeen Copper
29
32
100 117 125
26
Stillw-Bier<liSm VptlOO
Acker Mer<fe Condit...6s 100
70
Storage Power
Amalg Copper See Stock Exch list
50 t
7
4>a
Agric Cheui See B oston list
Swift & Co
100 106 108
1st
5s 1910-1914.. ..J-J $101
Amer Bank Note Co. ..50 t 56
58
102 V,
Bicycle SeeNYStk Exch list
Tennessee Copper
26 t 16^ 17V,
Texas & Pacinc Coal. loo
American Can com... 100
223, 23
96 !a
A-o $100 110
Preferred
loo
1st 6s 1908
71^ 73
Chicle
loo
Title
American
Co..
Guar <fc Trust.. .100 500 530
84
89
loo
Trenton Pottery com 100
Preferred
5
82
8
9>o
Preferred
Amer Graphophonc.lO
62 >. 67ia
100
8
10
Preferred
s "a
70
9 V Trow Directory new.. 100
nion Copper
1
5
Amer Hide & Leather 100
10
4
o'4
Union Steel & Chain. 100
Preferred
32
100
30
37
34
42
Preferred
52
6s See Stock Exch list
100
Amer Locomotive See stk Exch list Union S witch dB Signal 50 71
72 Sj
Preferred
Amer Press A88OC'n.l00 80
91
50
05
771-2
Union Xypewr com. .loo
60
American Screw
68
LOO
1st preferred
loo 121 125
Amer Shipbuilding... loo 37
38
ion 118 122
2d preferred
Preferred
100
97
90,
1" s cast Iron Pipc.ioo
Ok
Soda Foun com.. loo
3
V*
6
Preferred
33 k 35
45
1st preferred
100
100
62
100
29
2d preferred
U S cotton Duck
LOO
31
12
8
loo
89
1115
Preferred
American surety
91
50 ISO
loo
U fe Envelope com... Km 40
50
Amer Straw board
25
20
Bonds Os
l-'-A
loo
Preferred
loo
96
50"
U S G lass common 1 oo 39
40
Am Typefo'ra stock.. lot' 55
loo 140 145
Preferred
Amer woolen See Stock Exch list
::
36
Amer Writing Paper. 100
2
U s Beduct&BenninglOO
loo
loo
59
Preferred
Preferred
12
14
97
J-J
70
1st mort Os
5s 1010
72
loo
75
Anthracite Coal
85
U s si eel Corporation See Stock Kxch
100
I0J2 Universal Tobacco. ..100
16
18
Barney & Sm Car
16
loo 123 130
loo
35
Preferred
48
Preferred
150
Va Coal lion it Coke. 100
8
Bliss Company com
50, 140
M-S
12
5s 1949
46
Preferred
50 135
Bond & Mort Guar. ..100 350 3*00* We8tingh Air Brake.. 50 1183 184
lSSg 1334 White Knob Mining. 100
15
Brit'h Columbia Copper 5
17>a
Celluloid Co
100 100 102
Worthing Pump pref. 100 U3ia 115
1
022
.
.
80
108
" 8102
\
..
broiigh
M fa; Co
I
-
Stocks
Me^fc ending
Sept. 13
jyui
Share*
I'nr
Railroad *o
State
l.unds
Bonds
Bond*
1
i
•
l
1
.1
I
i
1
899,508
Mnuilay
$88, 305,800
$1,766,000
ti5,000
11,000
1,674 "'in
1.300
48,700.600
40, 193,300
106,574,400
1,868,500
1,382,800
8,082,600
30,0011
$430,761,450
+ 12.033.800
$48,300
81
778,282
lay
Wi ilmsday
491
409,213
Friday
1,080,84
$1,000
$
l
I
i
'
Li
$14,500
•
i
i
i
Sill,
Hew
1
l
Week ending
lit
January
13
/''•
1900
77.807,453
209.123.710
734,081
50.100 $20,379,476,126 $7,510,171,102
$82,025
$129,475
$2,076
BONDS
Government bonds
1.1
12.6:
1
$5,532,110
$1,418,970
2,284,700
740,206,800
$88,200
$14,600
48,800
1,200
1.500
1,1
.1
1
.+70.5
shares, par..
bk. andmla. bonds
13
1 to Sept.
1901
1900
1901
4.477,590
Stocks - No. shares
$489,761,460
Par rains
Bank
St
i
1
ork stock
anye
i
.
i
13,500
(HID
.1
Total
i
1
15, 01 Ml
'J,
-
i
<
120,800
332,380,800
&
i
1
i
1
|
$12,696,600
$339,539,710
$744,000,470
$4,483,900
i
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
'
13
Sept.
Mated
WU1
Saturday
shares
Unlisted
shares
44,115
16,329
36,246
24,038
28,030
62,240
20,403
11,050
14.700
28,953
233,935
106,538
245,520
Bond
Unlisted
shares
Listed
shares
sales
i,937
l
.
Bond
$40,000
52.000
80.100
17.820
30,200
19,400
Monday
Wednesday
Philadelphia
lioston
Weekending
sales
55,242
48,995
38,626
47,145
3,049
2,113
$28,000
05,300
72,500
03,400
74,100
28,700
237,623
23,143
$332,000
6,381
5.720
2,432
28,071
19,014
:;.
1
13
t
Am
I
Outside Securities
For Weekly Review
o) Outside
Street Railways
.NEW YORK CITY
Bleeck St & Pul F stk 100
I -J
let mort 4s 1950
B'way & 7th Ave stk. 100
Bid
N
Market See 7th Page Preceding.
Street Railways
Ask
By
Bid
Ask
Phila list
23
20
34
37
82 Ha
104 ki
101
48 g Nov 1 1949. ..M-N $ 81
12' 2 13
Lake St (Chic) El stk. 100
245 249
103!
J-J
Deb 5s 1928
lstmort 5s 1904.. .J-I> 101 H> 102
4 104^8
Louisv St By 5s 1930 J&J $118 120
J-J
108
110
2d molt 5s 1914
Lynuifc Bos 1st 5s "24. J-D $113kl 115
Con 5s 1943 See Stoek Exch list
it
110
in neap St By 5s See Stk Exch bst
B'vray Surf 1st 5s gu 1924
105
New Orleans City By 100 29 31
2d 5s iul as rental 1905 $104
100' 101
Preferred
105
Ceut'l Crosstowu stk. loo 255
M-N 8125 130 North Chic Str stock. 100
200
IstM Os 1922
I -J,
1st 5s 1900-10
Cen Pk X & E Hi v stk loo 208 220
'"26"
J-D 103 105
Nortli Jersey St stocklOO'
22
Consol 7s 1902
M-N 80
4s 1948
81 Ha
Clmst'r& 10th St stk 100 175 185
Pat By con 6s 1931.. J-D $126
CoUSs 9th Ave 5s See Stock Exch list
\
2d 68 1914
$103 106
Dry D E B & Bat stk 100 120 125
Boehester By (new). 100
118
30
1st gold 5s 1932. ..J-D 115
Preferred
F-A 1 08 104
100
85
Scrip 5s 1914
86
Con 5s 1930
A-O 112k:
Eighth Avenue stock 100 400 410
I'
105
109
2d 68 1933
J-D
Scrip Os 1914
99 100
405
So Side El (Chic) stk. 100 109 110
42d<fc GrStFerry stklOO 395
& St N Ave 100 05 70 Syracuse Bap Tr 5s 1940 100 102
42d St
lstmort Os 1910. ...MS 112 "a I14ia Union Trac(Chic)comlOO
17
18
Preferred
101
2d income Os 1915. .J-.J
08
100
58
9*
Unit Bys (St L Trans; 100
2 034 27
Lex Av it Pav F 5s Bee St k 1-.XC list
Preferred
Ninth Avenue stock. 100 190 205
100
82 >4 82 M
Cen 4s 1934
Second Avenue stocklOO 212 215
J-J $ 89 k; 90
1st moil 5s 1909. .M-N $100 S, 107 s* Unit Tr & Elec (Prov)lOO 109
110
West Chicago St
F-A 4119 120
Consol 5s 1948
100 100
Cong 5s 1930
Sixth Avenue stock. .100 175
216
M-N $101
Sou Boulev 5s 1945. .J-J 8111 115
Gas Securities
110
So t'er 1st 5s 1919... A-O 5108
HBW YORK
Third Avenue See Stock Exch list
Tarry
P & 5s 1028 107 109 Cent Union Gas 1st 5s... $109 110
1940A-O
107
VkersStBB 5s
104 'v;
Con Gas (N Y) stock N V Stock Exc
113
Equit Gascon 5s 1932 See Stk E x list
28th & 29th Sts 1st 5s '90 109
Twenty-Third St stk. 100 408 415
Mutual Gas
100 300 315
J-J
103 100
New Amsterdam Gas
Deb 5s 1900
F-A
114
110
Union By 1st 5s 1942
1st consol 5s 1948.. J-J 108
10838
Westchest 1st 5s 1943 J-J 110 113
N V Elec Lt HeaUfePofl ei
Gold 5s See N Y' Slock Exch list
!
Indianapolis St
'J
S-te
C Hob&Paterson..lOO
I
a
j
M
!
M
W
M
BKOOKLYN
Atlan
Ave
N
5s 1909.. A-O $107
A-u
Con 5s g 1931
Impt 5s See Stock Exc
BB& WE 5s
113 Hj
109
115
East Biver Ga.s —
8113
108
108
100 130
loo 150
M-N 110
J-J
Consol 5s 1945
J-J
1st 5s 1927. M-N
Standard Gas com
Preferred
1st 5s 1930
100^ 103
242
it
Nor Un
h list
1933. .A-O
Brooklyn City stock... in
Con 5s See Stock Exch
V
1st 5s 1944
244
list
Bklnc'rosstn 5s 1908. J -J 105
107
BknHgtslstSs 1941 A-O 105
Bkln Q Co <fc Sub See Stk Exch list
OTHEK
115
112
110
135
155
117
CITIES
Amer
Light & Tract. 100
22'o
20
Preferred
1-uo
90
93
Baltimore Consolidat Set Ball list
J
Sscrtlsindbt 1003. .J-J 101
Bay State Gas
50
1
4
Brkc ,v; N 5s 1939.J-J 113 V; 1 1 1 Binghamton Gas
loo
28
31
'00
GrSt&NcW 1st 5s
F-A 104
6s 1838
\
83
06
109
Boston United Gas bonds Bosto u list
Gr'pt cfcLorimer st 1st Os 100
Buffalo city las stocklOO
Kings Co. Elevated—
4ia
6
1st 4s 1949 See Stock Exch list
1st 5s bonds
7o
71Jfl
loo
85
Nassau Elec prel
Chicago Gas See N V stk Exch list
83
l-i,
Cincinnati (>a.s,; 1.1. clOO 104 - !"4".
113
111
5a 1941
1st 4s 1051
J-J
97 '
ss
08ki Col (.as L & iii at com loo
85
NewWli'g<8i FI 1st ex 4 'as 100
Preferred
108
too 102' 4 L03kl
Stein way 1st Os 1022.J-J 8119 k 121
lBt 5s 1032
J-J 5106
107
Consul Gas N J .stk. Ion
13»o
12
OTHEK CITIES
1st 5s 1930
J.J
SO
82 ia
Buffalo Street By—
Consum Gas y City)—
1st consol 5s 1931. .F-A $117
HS'i
1st Os 1004
"...M-N $103
104
Detroit City las
Deb Os 1917
A.O $100 107
Chicago City BK stk. 100
Detroit Gas See N V Stk Exch list
210
Cleveland City By
lot)
121
Essex & Hudson
31
35
Clevo City 1 st 5s 1909. J-J 103 k> lOO'-j Fort Wayne (Ind>—
8
Cleveland Electr By.100
si
Os
1925
J-J
87 kz 88 4
48
52
Con 5s 1913
...Ms 105 Vj 107'-.. Grand Bapids Gas
Columbus (O) St By. .100
1st 5s 1915
50
47
F-A 2103>3
Preferred
Hartford (Ct) Gas L.
105
100 102
Colum By con 5s See Ph Ua list
Hudson Co Gas
100
33
Crosst wn 1st 5s '33. J-D 8110
58gl049
113
102 103
Oraiut Bapids By
100
27 "a Indiana Nat & in Ga
26
Preferred
no
1st Os 1008
80
83
M-N 55
60
$ Buyer pays accrue
Price
per share.
interest.
t
Exch list
Bklyn Bap Tran St
Coney Island ifc BklyulOO 320 330
1st 5s 1903
J-J
102 103
'-2
1
<
i
\
)
(
i
<
i
i
(1
..
N
NY
N Y&
N
.
I
I
Am
Am
'
i
I
Am
. . .
i
Skptkmbkk
14,
THK chronicle.
1901.]
Boston, Philadelphia and Baltimore Stock
Share Prices— Not Per Centum Prlcea.
Baturday,
Sept.
7.
Monday,
Tuesday,
Sept.
Sept.
».
Wednesday Thursday,
Sept.
10.
11
Sept.
Exchanges— A
Dailv and Yearly Record.
Main
ACTIVE STOCKS.
Friday.
Sept.
13
12.
547
Range of Sales \n 1901.
of the
W,
1 Indloatea unlisted.
rf
.
Shares
Lo>n.
Knllroud Mtoeka.
•en
18*
•210
son
170
1*1
191
956
187
941
199
188
841
198
16M
159
•158
18)
70
53
its
•66
65
'in
7^*
i3i*
146
02* 92*
168
7«"i
BBJtf
«*••!*
79
132
78
145
85* 8"*
SB* 88*
94
94
98
93»»
94
94
94
94
98
91
99
•808
•808
•908
....
"79*
78
71
78
71 71 15- '.8
20* tl* 91
19 .-18 8
•7
87* 37* 88 38 1-18 38*
25* 9r* i"\* 29 9-18 98* 98*
87
87* 27* 88
*~M 3714
5' >..
50
49
60* BOH 5 *
97* 97* 99*
94* 97* 98
84
8*
'
88* 8-H
8-*
87
H
98*
28 •<
18
18
96
15*
18
18
96* «8X
98
•
111
•28
•87
114
89
89
11S*U6
188
184
160
181
180
786
785
118*
87
85
88* 88*
131* 181* 189
184
168* 185
'81* 163
73)
730
•780
85
23M
40
40*
40* 42*
89*
«0i«
78
71
85
730
730
730
'780
71
71
38"v,
786 Calumet A Heola
84* 95 Camb.8teel.ai3M; oald
95* 98* Centennial Mining
88
98
84
98
83* 28*
78
6H
43* 43*
35
85*
41
94
188
•
»
136
8«*
6*
80*
854
31* 88%
5*
5*
185
....
33
34
135
83
e«
Sfe
36
86
85
118
85
48
87
19*
88
*
4
27*
41
80
41
88
10
10
04
185
88
188
93* 98*
94
1
114* 115* 116* 115* 116
36
88
114
40
87
43
89
48
14
•14
136
33*
85*
1294
14
14
14
74
74
80
74* 74*
•
•
80
Bid and asked prioet
INACTIVE STOCKS
RAILROADS.— trices
Rail wa s(Phil) 50
Charlotte*. Bait) 100
Amer.
All
A
Bos A Maine pf Bost) 100
100
Boston A ProT. "
(
.
OonnAPassam
Conn
"
"
River....
100
100
OonioiTrPtttsKPhll) 60
"
Pref!
50
8a South A Fla.(Balt)100
"
100
lit pref
"
100
Id pref
B'rmant'n Pass(Phll) 60
60
HestonT
"
Pref
60
80
no sale wa made.
Bid.
113
49*
2*
15
48
•14
15
•
t «
NewHavIA
46
98
76
"
"
100
60
Maine Central. (Bost) 100
Mlnehlll AS H.iPhtl) 50
50
Meeqnehon'g Y. "
50
Worth Penn.... "
Pere Marqn'te.(Bost)100
"
100
Pref
Phil Qerm .1 N.(Phll) 60
60
Phlla. Traction
Bys On General! "
...
Inds Street
Little Sohnylk.
Rutland pref ..'BostUOO
UElleU Si..., (Phll)lOO
25
UnPowA Trans
Weit Knd pref.(Bost) 60
West Jer ASS.(Phll) 60
60
WestNYAPa.
Wis Cent, new.(Bost)100
"
100
Pref
Wor Nash A B. " 100
MI8CHLLANHOD8.
Allouei Mining (Bost)
Amer. n »nj ent Ph II
Am
Amer.
I.
AS
.
91*
41
140
41«i
Warwick
4*
«
"
29
"
18
"
"
9
86
48
Camb SDezel
reot " ....
uauion
(Bait) 100
Central on .... uosi) 25
ConMercurgold
5
i/o
1
Tel \ el
D'ly-West Ml
pf.
(Bost)lOO
•
49
48*
99
101
10
8
138»«
6
40
!*
10
10
<fc
•
18*
2S
38*
<0
?bli)
• »
9
80
100
1
Danv Bessemer
DeLong H
B
Plam State St..
10
H
m
6*
115
.
• •
-
M
49°
Anaoostla
60
16*
18»a
17*
170
e*
h
1995
Curr't Rlr 1st 5s.'27
AAO
DGRAWlst4s.'46 AAO
*
7
!?*
17*
8t*
25
e*
71*
s*
4
87
ee
101
108
97
1
18
87
64
87
Iowa DIt 4s. 1919 AAO {104*
ChloagoJnno5s.l916JAJ 110
Ch ANo M gu5s.'31 MAN i 107
U8
"a
108
lOu
Domln Coal lst6s.'13MA8 {1)0
:a*t'n istM6sg.'06MA8 <i 1* 118
Fr HlkAM Y 1st 6s '33 end {137
lit 61. '83
AAO
H5
{
oony Si.'lO JAJ ,100
Debenture 5i.l913AA< ,10U
llltn Steel
>
K C CA 8 1st 5s g.'25 AAO
C Ft BAG lstfs.'08 J AD
K C F SAMoon 6s.'28M AN
K.
KCM AB 1st 4s.. '34 MAH
Income 5s
K CA M RyAB 5s.'29 AAO
*
*
1
Atl
A Ch
A Pot
5s
1st 71.1907
JAJ
I0a"
By 8s.. .1912 JAJ
Consol 6s. ...1932 MAN
93
118
91
115
105
110
122
118
181*
102
118'
Bit A Imp 5S.1932MAS 117
Chas City By 1st 5s '23J AJ 106
Chas Ry G A Bl 5s '99 M AS
90
CharlCAA eit5s,19C9 AJ 113
120
OS*
I
2d 7s 1910
AAO
CltyASub lst5s.l922JAD 116
118
CliyASab(Wash)lst5s'48
90
92
ColAGrnTlst5-6.1917JAJ 121
Consol Gas 6s.. 1910 JAD 113* 118*
5s
1939 JAD 118
Ga AAlalstpf5sl945AAO 108 10-*
GaCarANlst5sg.l929JAJ 1-7* .08
(ieorglaPlst5-6s 1922JAJ 18b
GaSoAFla lst5s.l945JAJ 1 2 118
KnoxTTrao lst5i '28AAO
88* 90
LakeRBUstgu5s'42MA8 117*
Maoon«Nlst4*s'90MA8
48'
Maryland Brewing 6s ....
Met8t( Wash) 1st 5s'35FA
New Orl Gas 1st 5s...Yar
Norfolk St 1st 5s '44. JAJ
ill
SorthCent4*s.l925AAO
6s 1904
JAJ
Series A 5s 1926.... JAJ
1)9
•
•
» • 1
58
112*
,9*
"u
3ecAvTn(Pttts)5s'34JAD
Bar FlaAWest5s'34AAO
Seaboard A L 4s 1950....
-eah A Roan 5s. 1926 JAJ
So.Bound 1st 5s '4 1. AAO
H.I -*PllL4>»s 29Mjn>
l
116
x
{
V*H
100
94
{107
,
.
UnBy A
Bl lst4i'4l».M4r
Income 4s 1949. ...JAD
Ylrg Mid 1st 8s. 1906 MAr
Map
MAS
ser 3-4-5S.1921MA8
series 5s. 1926 MAH
86
2d series 6s.. 1911
3d series 6s.. 1918
33
23
4tb
5th
*H
8*
""ii
100
H
Mar.
4
152* Juie
S
16 180
July 10
4
182
May 89
'3
860
Mar.
90
187*
114
1
88* 83
Feo
11
76
Aug.
15
Sept. 10
44
99
June 80
Jan.
July
Jan.
Jan.
Feb.
Jan.
79* Apr.
Jan. 20
Jan. 3'
41
86
96
86
71*
72
115
130
1.6
115
Jan.
7*
8*
12
80
30
18
99
148
14
4
8
8
IB
Jan.
8
Feb. IB
Feb. 18
8
Jan.
Apr. 12
i',252
38 May ft 38* Mar.
July 13
10,377
Feb
May I 41 June
6,848 35
2,054 118 Set '3 128* Jan.
8,312 80* Feb. 4 44
Sept.
819 33* Jan. 4 3U Sept
862 10* July 8 17 Mar
100 40 Jan. lb 55 Apr.
978 54 Jan. 1C 75 Aug.
10U 66 Jan. 4 80 Aug.
S
m
BONDS
Bid.
18
20
a
5
80
12
81
88
ABk
95*
Ya (State) 3s new.'32JAJ
9o*
Fund debt2-3s. 1991 JAJ
West N C oon 6s.l914 JAJ 118
WestVaCAPlst6g.'llJAJ 118*
Wll A Weld 5s. 1935 JAJ
Bond*— Philadelphia
man
Ter 1st 5s. 1926 J AD
BergABBrewlst6s'21JAJ
Cambrlalron 6S.1917JAJ
ChesAD Canl«*5s.'16 J*
Balls
08*
18*
.....
113
98
100
»5*
• • *
•
101
52"
118*
110
Clt's'8tRy(Ind)oon5s.'38
Colum St Ry lstoon5s.'32
1st 5s.. '33
lst7s.'05 FAA
BaitAA 1st 5s.'20
Hdlson Bleo 5s stktrotfs
KlecA Peop's Tr stk tr otfs
BlmAWllm 1st 6s.'10 JAJ
109
HA B Top oon 5s.'25 A tO
110
83
A B Bk
M
MAN
Income 5s.... 2862 AAO
Bq 111 Gas-L 1st g 5s. 1928
Hestonv M A F oon 5s. '24
Ry
1933
Lehigh Nav4*s..'14 Q-J
RR4sg
1914 Q-F
Indianapolis
4s..
lie'
1*1*1"
117
i'0'7*
•
• • e •
B8*
111
106
• >*•
Gen M 4*sg..l924Q-K
Leh V C'l lst5sg.'33JAJ 108
Leh Yal ext 4s. .1948 JAD
Bl
1910 Map
2d 7s
1923 JAD
Consoles
JAD
Annuity 6s
Nat Asptialt 5S.1951 JAJ
•••I
S • •
•
I • 4
127
195
133
•
III
•
•
•••
ill!
New'kCou Gas
Newark Pass oon 5s.l98u 117*
101
NYPhllANorlst4s'39JAJ
8'i
Income 4s... 1039 MAN
No Penn 1st 4s.. '36 MAN 1"8* 108
1903JA. 100*
GenM7s
123
Penn gen 6s r... 1910 Var 121
6s '48 JanJ
105
I
•
•
•
• • s •
•
Consol 6s 0.... 1905 Var
Consol 5s r... 1919 Var
Penn A Md Steel oon 8s
Pa A N Y Can 7s..06 JAD
1939 AAO
Cons 5s
1939 AAO
Cons 4s
Penn Steel lst5s.'17MAN
Peopie'i Tr tr oerts 4*.'43
Phlia
ttleo
114
110*
94*
6
09
idt
AA
3S
400
-.•(I
•
• • I
107
•
67*
Ph A Read 2d
5s.
US*
•
1'
119
109
M 7s..l*i J a
Con M 6s g... 1911 JA
BxtImpM4sg.'47 AA
Con M of '82 4i.'37 JA
I
• • s • «
gold trust otfs
Consol
• •
109
PhABr geu M 5g. 20 AA'
Gen M 4s g. 1920 AA'
4001
• tot
lit)
1
Terminal 5s g. 1941 y-i
P Wll A Ball 4S.1917 AA
2
Coliat trust 4».
Read Co geu 4s 1997
1
i'0'7
no
6
Sept. '3
.'7
May
31*
62*
18
3*4 Jan.
Bfl
28
13
Trust oertfi 4i
116
131
1 18
1
29* June 18
»4* Jane 18
91
June 18
•
109
108
194'
58
33
40
33
8..S33
Del
ioe
May
31* Jane 1
34* May
65* July 10
38* Apr. 1>
15* Mar.
20*
1
Con Trao of NJ
Central
Series B 5s 1928... .JAJ
Pitt Un Trao 5s. 1997 JAJ
Ang
21
12
'
Atl Coast L otfs 5s . .JAD
Bait Beit 1st 5s. 1990MAN
BaltCPaslst 5s. 191 1MAN
Bait Fundg 5s.l916 MAN
'."*
4
ChocAMem st5«194 Q JAJ
CnooukAGgeu 5s'19Jaj
107*
93
81
1916
....
i
t
PotomVal lst5s.l941JAJ
KC8tJoACB7s.'07 JAJ ,11«
3d oon lno 3s non-oum..
MAN
MAN
1914MAS
m
Jan
Atl City 1st 5sg..'i9
05
,
108
i"
LRookAFBlst7s.'05JA. {106
Mar H A Ont 6s...'25 AAO 1118
Mez Cent 4s g.. 1911 JAJ 88
1st con uao 3s g non-oum
81
Bt 5s. .'02
135 Apr.
75
May 18
Keb. 20 59* May IB
Jan.
148 Apr. as
Jar,.
AlleVyBext7sl910AAn 196 12'
Asphalt Co 5s tr otfs 194 9
55* 55*
NewpNAOPlst5s'38MAN 105
.109
'"99
ii*i*
117
Kit A Imp 6S.1901MA8
No BaltDlT 5S.1942JAD 120
ConT'rtlble5sl906MAN 101
87
;
(111
1st 6s tannel 1911..JAJ
Bal Trao 1st 5s.l929MAN
88
3
35
74
88
Boston Term'l 3*i. .1947 114
BoiUnGaslst5s.'39JAJ i 8*
2d M 5s
1939 JAJ
Bur A Mo Rlr ez'pt 6s.J AJ {180
Non-exempt 6s. '18 JAJ {107
Sink fond 4s.. 1910 JA.l *100
Cent Vt 1st 4s 1930. .Q-F I 85
(£1 Bur AW 4s. 1922 fed. A {101
ChlAWMgen5s.'21 J AD
3108
Bxohange 3*s.l930JAJ 110
BaltAPlst6sml 1911 AAO
6*
88*
.
4s..
AAO
AtlG-Llghtlst5sl917JAD
554
43^
Bond*— Boston.
Am BeilTel4s..l908 JAJ ,100
A TAB F gen g 4s '95 AAO jltl*
Adjustment g
1907
67
58
{103
Bonds— Baltimore.
«e*
A
I
Jan
Baltimore— Conoiu'o.
1st mortal.. ..1905 JAJ {108
Rutland 1st 81. .'02 MAN nos*
Rat-Can 1st -a 1949 JAJ
Seat Elec 1st 5sl hSOFa A 1104*'
Turringion 1st 5s 1918... I
West Bnd
4*s
Deb 4s
8. (Phil) 10
Westm rel Coal "
50
Winona Mining (Bost) 85
Wolrerlne Mln. "
35
I
Unst'p'd
116
26
"
Doni Iron & 8.H
.i
Eaaton Con El. Phil) 50
20
Edison El IU..(Bost)lOO 2oo
955
KlecCoof Am1I (Phil) 50
'H
Franklin Min'g.(Bost) 25
'8* 19
General Elect..
" 100 25C* 851*
" 100
Pref
" 100
Ind-Egyp Com
4
*H
"
Int But H & 8
10
1
1*
Int8P<feDynam(PhJJ) 50
9*
Isly Boy ale1]..( Bost) 25
85
Vo*
Manufac Rub. .(Phil) 60
*
"
Pref.
60
1
H
48*
"
81
4
Beth Steel ....(Phtl)
Boston UleoLt. (Bost) 100
Cambria Irnr. (Phil) 50
UnCopLAM'g
85
UnElLAPowpf (Bait) 50
United Fralt (Bost) .100
25
U S Mining .... "
" 4-86
Utah Mining..
4
"
Atlantic Mln'g.
Baltlo Mining..
Domln Coal
87*
118* iis*
Host)
Pref
Arcadian
Arnold Mining.
5
*H
Tidewater St,. (Phil) 10
Torrlngton"A"(Bost) 25
"
25
Pref
104
1937
New Bng Tele 6s.' 16 AAO
6s
106* 108
.
108'
1st 5s..
41
21
79
4,075
Aak
Bid.
N YANBnglst7s.'05JAJ
100*
2
Basque I AS!.. (Phil)
5
Tamaraok Mln. (Bost) 35 333 335
07
(Phil)
AmPneum^err
Cumb
86
78
NKGas AC
7
5
.
f
.
Gold DredglRost)
»H "a«
Phtla Co
50
Plan tenComp!(Bost) 100
"
(Jninoy Mining.
25
"
Rhode l«l Mln..
25
8antA Ysabel G "
5
"
100
Seattle E ec'.rio
"
Pref....
100
170
169
465
BONDS
Jane 19
84*
88 700
5,14 3
Philadelphia Hlec! 5 paid.. (Phlla.)
rrnlty Mining
(Boston).... 26
United Oas Improvement!. 'Phlla.) •• 50
United Shoe Machinery...., (Boston) ... 25
Preferred
.... 86
"
United States Oil
.... 25
Welsbaoh Co.
(Phlla.) ....100
West ingh. Blectrio A Mig... (Boston).... 60
"
Preferred
.... 50
Aak
6
!
ParrottSUACop(Bost) 10
Penn KleoVeh. (Phil) 50
Pref.
50
Pennsyl Salt...
50
Pennsyl 8teel!.
Pref!
ib'6
••••••
.
21 LSI
May
Jan.
I
51.91
4,34"
....100
(Boston).... 100
"
....100
.
Apr. It
July 17
Apr. aa
Jan.
Sept.
875 80 Jan.
825
* July
H. Apr.
8,781' 128
Sept.
86'! 117
Jan.
9,831 151
Jan.
35
25
1M
July
Jan. 2H 45
July
1
77* Jan. 17 96 Jane 11
18* Jan. an 29* May 8
88* Jan. 19 100 June 18
2 -19* Apr. 89
205 Jan.
89 May b 81
Apr 88
12* Jan. 4 84 1-iejane 4
32 3-16Jan. 25 40^ June 17
19
Jan.
4 99 7-18May 1
9* Jan. 31 SO* June 91
24* Jan. 31 54 June 81
76* Jan. 4 139* May t
1
83 Jan.
99 May
1
24* Jane n 37 Jan. 8
16* Sept. ia 18* Mar. 89
w<* Jan. 8 •9 Apr. 88
68,852
1,255
(Malt.) ....luu
.
25
Palmetto Co.... (Phil) 25
MAT"
818
13,510
2,78'
183
"
Krie Telephone
Lehigh Coal A Naylgatlon.
167*
Osceola Mining.
100
ll>,081
(Phlla.) ....100
Boston— Conoluded.
6
6* NewUng congen5s'46JAJ I
12* la* N B CotYarn 5s 1929FAA 1108*
"
....
B.(Phll)
5
Old Col Mining (Bost) 95
88*
a.*
14
49
74
Bid.
dBrew asi'pd Salt) 100
"
100
Pref., ass'.. pd
!araranthaier .. (Bost) 100
"
• ir Telephone
10
SewBngGsAC
114
80
MISCBLL — Conoluded.
*
7.420
20,588
e.127
4 745
125
!**•
80
'
68 779
641
•47
•73
74* 74*
75
80
86
65
4,284
(Phlla.) .... 50
41* 49
37* 98
49*
42
88
...
788
630
265
an
3
169* Jan
288
187 190
107 14 *
HO 128
6.47
87*
79C 46
14
189
11,901 2b*
24
9,851
"
6* Marsden Col
....100
"
National Asphalt 1
.... 60
1?* Preferred!
"
.... 60
94
New Bng. Cotton Yarn, pref.(Boston) .,100
140 New England Telephone....
"
....100
"
31* Old Dominion Copper!
.... 26
6* tH
31* 33*
STOCKS-BONDS
ABk
Sept 13.
4U
155
170
300
160
*
270
980
30
116
48
*
73
7 46
B
. .
83*
6* 6*
35* 35*
e*
37* 28
78* 73*
80
«i
Preferred
Dominion Coal
....
Phlla.) .... 50
<
(Boston)
'
85*
35
•78
6
•5
•10
79
000000 ••••<
10
94
188
23*
"iiMjiinnted Un
Conso'. Lake Superior
64
"
recta.
Jan
171 961
)
full paid..
796
....
85* 86*
43* "tS*
85
35*
••••* ••••••
10
(
1
71
42* 43*
34* 38
••••• •*•••<
Boston 4 A Dan T
Boston KleTaied,
Boston A Lowell
856
178
171
i
7i
71
3,-8
•240
—
34
71
170
•840
198
54*
25* 9e* 2?* 26*
29
8V* 88
29
64* 64* •63* 86
23* 84
83* 24
85M
87* 86*
«S* 64
88* 83*
•
1U
124
85*
88*
98
88*4
16*
96* 96*
87* 87*
be* 89
184*
i saw
»4*
8r* 89*
89
88
867
176
358
IBfl*
170
<
sr* 56*
144
Bolt on .... 1 00
"
....100
"
....100
191
193
191
193
192
H.11..11 AMalne
....100
"
"
158
168
....100
153* 168* 156 168
hlc Juno. A Un.Btook Yds.
lbl* 182
.188
180 139
"
....100
Preferred
*
5u
78
73*
74*
70
72
(Phlla.)
78*
a. trust oer's.
kin
5f* 65* 81
"
55* 8C* Preferred Tr. certfs
50
141 145
144
144
143* 144 Mtohbarg, pref
(Boston)... .100
36
(Phiia.i .... 60
85* 85
36* 84
3t>a
«intih Valley
88* Sfc* 38* 8 * 36* 89 Massachusetts Kleot. Cos. l.( Boston).... 100
93
98* 94
93* 94
"
....100
98* Preferred 1
26
25
88
"
85* 85* 83
....100
Mexloan Central
•98
•97*
94
(Bait.) .... 50
Northern Central
808 808 old Colony
808* 20H* •308 ....
(Boston).... 100
79
79* 70 9 18 71* I'enniylvaula
79* 73
(Phlla.).... 60
90 15-18 1* 80 15-16 1*
19* 20 Heading Company
.... 60
88
88 1-I8 6-16
88* 8"* 87* lit preferred
"
.... 60
K4*
25 Si 3d preferred
26* 86* 86* ll->6
"
.... 50
26*
87*
(Bait.)
97*
Air
Line
....100
Seaboard
9?H
5044 60*
47* 49
"
....100
Preferred
9-.* 9<*
97* 98* 93
95
(Boston).... 100
Union Paolflo
89
69
•37* 8 * 87
87
"
....100
Preferred
89
29* 99
99* 27* 98* Union Traotlon, «17*pald. (Phlla.).... 50
!"* 1514
16* IS* United By A Bleo. Oo
(Bait.) .... 60
•96
•96
96
96
(Bonon).... 50
Weit Bnd Street.
[yllacellaueoua Htoolia.
11.'* 114
111
(Boston). ...100
118* 104* 109 Amalgamated Copperl
89
S8\
91
"
32 * Amer. Agrloul. Chemloal !..
....100
82* • i 1
88
88* 87
"
87
....100
88* 86
Preferred!
1 American Alkali
(Phlla.).... 50
'H
"
.... 50
H Preferred, 910 paid
198
181*181* 129* 180
188
American Sugar Refining!. (Boston). ...100
185
125
194
125* 12' 134
"
....100
Preferred!
"
163* 185
1«2* 184
160* 181
....100
A mer. Telephone A Tel. Co..
266
168
•2li
193
192
84* 86*
88
84*
99* 99*
Hh
957
186
'
58
143
65
35*
84
88
*
18
266
'841
Highest
i
'.«
I
A
JA
J
Rochester RyoonSs. 1K3
SohRB81delst5Bg'35JAl>
Scran Trao lsi6i'22MAN
n Tr»cPilMgeu5i'97JA
Welsbaoh s f 5s 1930.JAD
lAud interest
•Prloe Includes OT-raa
"-"
•
••0
•
•••
1
.03*
106*
BS
108
9?*
100
we*
10c)
111
•BBS
>
MM
CI.
THE CHRONICLE.
f>48
LVol. LXXIII.
Investment and $£ailrxrad Intelligence,
RAILROAD EARNINGS.
The following table shows llio gross earninps of every Steam railroad from which regular weekly or monthly returns
nan be obtained. The first two columns of figures give the gross earnings for the latest week cr month, and the last two
columns he earnings for the period from July I to and including such latest week or month.
I
tlte street railway* arc brought together separately on a subsequent page.
CliiuijiC — Our yearly totals now all date from July 1.
The return* of
Notice
I
Latest
ROADS
Week
or Month
Qtom Earning!
Current
Year
July
J'rrniout
I
Latest Hate
1 to
Year
Year
i
1
is.:tr>l
•1
7
1,557
,002
1
16,210
88,192
76,89
I
18,351
419.357
1,021,923
*
16,210
360,361
9 19.651
1
50,000
26,000
25,000
Hi wkAui;
Lstwk sept
27,419
5,890
Inly
1,763,502 3,697,070
May
216,695 175
August
43,665
46, 155
49,656
47,085
Inly
536,55
513,691
August
17,536
22,199
20,422
12,830
10,113
8,766
l
i
Vlcksb'g
VlOkBD Hh A. P.
Ala.
<fr
Ann Wn«h&
Bal.
AUIi Top & 8 Fe.
It
li
wliAiiK
1
Atlanta & I luir..
Atl Kuoxv it No.
Ft.
Atlanta A
Atl Coast Line...
Atl Vald & West.
Austin & Nortliw
Bait & Ann S L..
)
BaltA Ohio
August
W
B
<fc
O
Southw.
Bangor
Bath &
<fe
57,000
32,000
81,000
80,562
6,680
I
4,454,003
(
Aroost July
H annuo
Bellefonte Cent'l August
Bridgt & Saco R.
Brunsw & We»t'u June
HuffRoch& flits IstwkSept
108,965
1,523
4,808
2,706
51,757
118,631
Cent'l New En g.. July
Cent'l of N Jersey July
Central Pacific
Cent'l
Pa & West
Charleston & Sav
Chattan South'n. 4th wk Aug
529,584
713,000
129,095
54,332
&E
Illinois. IstwkSept
Chic
Chiu Gt Western. IstwkSept
l
290,457
1
1
1,019
I
.'Mexican
Ry
August ..
h' wkScpt
1
July
IstwkSept
May
A'k
v
Auic24
Year
*
8.135
302,217
15 1,225
.'ill. 733
43,892
1
i
10.431
826,786
66,089
4,763,502
2,639,235
93,256
740,689
536,554
44,373
250,450
97,933
286,064
72,185
3,697,050
2,331,628
85.730
702,472
513,691
32.041
156,004
75,
NYC&
4,390
65,273
115,418
428,415
594,000
137,055
60,151
1,404,737 1,309,235
1,816,161 1,420,707
2,886
2,403
49,452
53,801
2,477
2,844
& Oliio... l9twkSept 338,230 324,864
827.658 751,596
Chic* Alton Ry. July
4,480,790 3,907,297
Chic Burl & Quin July
Chesap
15,91
Manistiqun
Mexican Central
Mexican intern'!
[Mexican Nat'l..
Mexican North'n
Kami a 'in
rent
Mexican South'n id wk Aug
3,065
Mlnueap <t St L. IstwkSept
81,685
MSt P <fc 8 St M. IstwkSept 105,761
Mo Kan & Xexa- IstwkSept e285,805
Mo Fac & Iron Mi lstwkScjii 679,000
31,000
Central Branch lstwk Sept
Total
LstwkSept 710.000
Mob Jack 4KC. A'k Sept 7.
3, 520
Mobile <fe Ohio... August
482,700
Mont & Mex Gull August
132,762
651,020
NashCh <fc 8t L.. August
2.763
Nevada Central.. May
4,035,831 8,504,700 7,579,336
HudRiv August... 0,795,467
543,52s
107,901
108,965
N Y Ont & West. July
107,901
39,113 N Y Susq & West July
39,231
234,900
1,629
5,101
9,140
Norfolk & West'n IstwkSept 317,467
2,784
Buffalo ASusq... June
Burl C Rap & No August
Canadian Pacini/ IstwkSept
CentT ot Georgia IstwkSept
29S,5ss
1
Week
(it Month
Yea r
*
July
Adirondack
Ala at Southern. hi wk Sept
linn
Ala Midland
tine.
Ain N o A texa
N o a- No Bast. n wkA.ua
LotSti Gross
ROADS
J'rcviotlt
iirrrnt
39,662
669,416
1,284,320
728,393
916,830
6.021,455
1,288,140
54,332
1,404,737
18,005,906
24,002
750,018
18,285
3,173,332
827,658
4,480,790
1,113,254
1,500,933
894,315
8,498,700
3,884,652
232.767
40,478 Northern Central
701,110 North'n Pacific. a
1,092,042 Ohio River...
732,991 Pacific Coast Co.
784,158
5,703,153
1,157,415
60,151
1,309,235
16,936,666
24,430
6/ 6,550
19,041
2,SS7,677
751,596
3,907,297
986,335
1,316,371
753,891
July
656,615
4th wkAug 1,279,535
32,315
3d wk Jul}
July
456,386
Pennsylvania^... July
Penn
& Northw'n
Pere Marquette.. 4th wkAug
Phtla& Erie
July
PhilaWilin&B.. July
Pittsb C C & St L July
Pittsb & West'n.
Pittsb CI & To)
Pittsb
Fa&F..
Total system... 4th wkAug
Plant SystemAla Midland... June
Bruns & W'n...
185,475
7,621,895
47,384
294,692
605,059
971,278
1,044,888
209,836
137,923
60,453
143,323
July
/!'
}'i
11
PM
.
Latest Date
J'i
i-ioue
year
i'tur
r
*
S-'
10,178
285,783
409, (112
117. 70o
50.2 10
20,142
2,977,0 12
151,225
1,341,356
20,908
3.484
400,012
l,4oo.ois
576,079
664,600
I03, L35
596,506
610,70(1
80,200
13,198
110.985
J. 131
66, 203
;.0I7
~
03,012
981.908
3,712
261,635 e 2,923,477
-.1 1L
..000
607,000 7, 03:.. 000
33.00O
347.ooo
313. ooo
--'.000 6,300,000
640,000
2,500
2 -.271
25,439
077,600
465,800
9472200
227.035
121,050
232.1 is
612,204 1,27.
1,252,057
20,003
3,072
27,74 2
5,980,877 12,735,563 11,372,272
452,655
543,528
452,055
234,900
185,765
185,705
309,651 2,908,940 2, 92 1.07S
50656,615
598,515
1,121,782 6,711,764 5,771,020
05,250
32,132
92,378
52
456.386
525,872
355,867 2,513,761 3,30-v :;7s
6,790,095 7,021,895 6,790,095
569,671
50,298
565.774
265,187 1,625,394 1,421.-01
605,059
519,082
519,082
971.278
941,778
941,77s
1,466.3s.-,
1,466,335 1,614,888
-7,107 2,155.010
216,904
119,70
1,318,301 1,220.075
66,928
475,270
400,714
115,986
754,739
659,609
.
1
119,000 118,724
71,062
76,894
65,273
51,757
160,855 153,487
49,452
91,385
75,929
53,801
Chas &Sav
ChicInd&L'v... ietwkSept
7,f,s<j,l06
397,025 416,063
Sav Fla& W... June
Chic Milw & 8t P lstwk 8ept 952,603 774,109
July
20,617
3,581,564
3,884,652 3,581,564
16,769
SilSOc&G....
Chic & North
Chic Peo & St L August
208,038 Reading Co—
123,975 117,864
2,239,681 2,139,748
Fhil&Read....
StLCh fcStPJ
2,790,858 2,298,928 2,790,858 2,298,928
1,892,506 2,097,002
July
ChicRI&Pao... July
Coal&IrCo
July
733.425
847,237
&0.
847,237
733,425
4.132,187 4,236,750
Tot both Co's.. July
Chic St
IstwkSept
RF.
31,471
301,438
84,495
Tr
27,868
262,913
85,419
Rich
July
Fr'ksb & P
Chic Term
430,610 283,707
947,956
50,996
580,277 Rio Grande Jet.. June
48,825
Choc Okl & Gulf. August...
10,509
& T Fac. 4th wkAug 176,126 155,952 919,233 837,553 Rio Grande So... IstwkSept 10,109
Cin N
33.735
31,222
360,260
91,700
329,024 Rio Gr'de West.. 3ii wk Aug 108,600
Cin Portsm & Va May
125,916 116,821
August....
ClCinCh& StL. 4th wkAug 603,179 483,313 3,316,702 2,812,585 St Jos&GrI
433,170
10,161
81,137
57,242
342,598 StLKen'et&So. August....
11,445
Peoria &East'u 4th wkAug
212,105 189,497
428,873
8,122
359,299 StL&NArk
21,798
July
Clev Lor & Wheei August
464,572 391,034
464,572
Colorado & South
391,034 St L & San Fran LstwkSept 364,091 323,622
July
10,843
10,843
ColNewb&Lau.
11,762
11,362 StL Southwest.. IstwkSept 133,809 110,124
27.477
254,980
20,458
184,812 173,838
203,732 StLVan&TH.. August
Col Sand & Hock IstwkSept
31,160
279,877
26,816
189,664 147, --9
Cornwall &Leb..
299,497 San Ant & A P.
May
July
83.888
CumberldVal.ej
83,011
83,888
106.743 100,947
83,011 San Fran &NP.. August
23.461
24,102
Denver & Rio Gr IstwkSept 236.100 238,500 2,298,411 2,208,853 SFe Pres<fePh... 4th wkAug
IstwkSept
Southern.
24,621
216,442
21,057
Detroit
397,025 416,003
194,029 Sav Fla & West.. June
73.744
68,068
68,068
205,722 175,620
Det & Mackinac. July
73,744 Seaboard Air L.. 3d wk Aug.
82,229
499.146
DulSo8h&Atl.. 4th wkAug
89,424
3,862
15,897
498,867 Sher Shrev <fe So Lstwk May
14,477
13,531
26,525
20,617
16,769
E St L & Carond. August
25,254 SilSprsO&G...
194,451
Elgin J ol it East. March
158,048 1,483,362 1,432,497 SoC &GaExt... August
20,964
19,951
July
3,522,693 3,215,008 3,522.693 3,215,008 So Haven & East.
5,522
5,499
Evansv & Indian Lstwksept
6,965
7,520
68,700
57.164
32,988
August...
66,637 Southern Ind
IstwkSept
Evansv & TH...
27,300
25,830
292,788
18,321
18,712
276,921 So Miss & Ark... July
W.. August
11,380
Find Ft
12,820
23,515
6,632,095 5,786,016
19,725 So Pacific Co 6... luly
July
FtW&DenvCity
166,146 143,034
166,146
20,422
12,830
143,034
Austin & No'n.
FtW&RioGr... 3d wk J'ne
7.939
649,695
6,721
1,8L6,161 1,420,707
May
471,098
Cent Pacific
July
128,08a 122,434
128,088
681,203 513,016
122,434
Gal Har & S A. May
110,202
214,423
Ga South & Fla.. August
95,047
7,671
194,049
Gulf W. T. it P. vlay
10,386
Gila ValG A, N.. July
27,039
36,049
27,039
66.975
48,075
36,049
Hous. E. & iV.T. May
Gr Trunk System IstwkSept 637,993 627,420 5,649,303 5,243,963
May
14,332
9,846
Hous. & Shrev.
Gr Tr & Wost'n 3d wk Aug
77,569
64,054
524,586
364,958 234,320
522,127
Hous&TexCen May
DetGr H«fcM.. 3d wk Aug
23,642
23,077
167,460
153,762 107,681
Louis'a West.
155,244
Great North'n—
Morgan's L & T
705,834 552,843
August
St F Minn <fc
2,455,660 1,862,996 4,515,848 3,586,395
27,004
22,329
N YT&Mex.. May
East'nof Minn. August
496,707 372,772
960,237
May
272,361 172,980
Tex&NOrl
739,029
August
Montana Cent'J
320,77-'
164,930 177,787
351,980
May
1,752,449 1,390,265
So Pac of Cal
Total system. August
3,117,297 2,413,555 5,796,857 4,677,404
420,613 302,565
So Pac of Ariz. May
IstwkSept
Hocking Valley..
107,262
93,853
986,34 1
May
258,925 174,441
868,176
So Pac of N
.
May
Tex
&
Cent
Hous
364,958 234,320 4,736,224 3,632,436 Southern RaUw'v IstwkSept 678,899 645,942
Illinois Central.. August
3,343,434 2,881,721 6,519,186 5,518,611 TerreH &Ind ... August
144,863 142,248
Illinois Southern lugust...
12,333
12,160
23,376
43,372
21,429 Terre H & Peor.. August ...
55,076
Ind Dec <& West'n
51,965
53,410
591,677
11,197
8,329
565,067 Texas Central ... 4th wkAug
Ind 111 & Iowa... July
131.968
93,482
131,968
142,172
93,482 Texas & Pacific. LstwkSept 168,748
Int & Gt North'n istwkSept
80,182
78,302
732,409
677,161 TexS
W
August
11,000
9,800
Wk Aug24 71,800 70,730 566,400 582,550 Tol & Ohio Cent.. LstwkSept
Interoc (Mex)
46,392
56,463
Iowa Central.... IstwkSept
51,129
44,927
429,344
22,556
23,993
397,069 TolP& West .... IstwkSept
August
Iron Railway
6,717
4,648
12,731
IstwkSept
53,642
39,636
9,493 TolStL&
Kanawha & Mich IstwkSept
19,526
13,737
181,705
36,722
29,938
157,112 Tor Ham & Buff. May
C Ft Scott & M
630,603 432,401 6,818,047 5,784,344 Union Pac RR . )
KCMeinA Birin
144.379 126,037 2,042,002 1,703,433
July
Oreg
3,948,692 3,593,103
Kan City & N W.
26,735
27,197
365,394
360,540
Oreg Sh Line.
Kan City South'n July
351,622 353,933
351,622
IstwkSept 369,677 339,524
353,933 Wabash
Lehigh & Hudson August...
36,028
40,426
70,368
Jersey & Sea'e July
79.086
478,081 465,581
Lehigh Val RR. luly
2,110,855 2,030,106 2,110,855 2,030,106
VCen&Pitt.. Mav
101,607 107,912
Leh Val Coal Co. luly
1,425,309 1,704,216 1,425.309 1,704,216 Western of Ala . June
57.832
54,045
Lexing it East'n. July
31,497
28,848
31,497
August...
Wheel
&
28,848
318,566 267,458
Los Angel Term. March
15,301
10,589
128,104
91,612 Wisconsin Cent.. istwkSept
112,389 109,095
Lou Hen &StL.. 4th wkAug
24,725
17,209
122.971
109.423 \Vrightsv& T'n.. July
11,373
8,198
Louis v & Nashv. IstwkSept 559,040 487,380 5,285,005 4,700,246 Yazoo &Miss V.. August
417,168 356,612
Macon ABirm... August ..
8,173
7,635
16.222
15,124
Wn
to
1
Current
I'lUS
1,021,923
669,416
750,018
5,150,490
216,824
949,051
701,110
676,550
4,491,760
281.602
2,239,681
1,892,506
4,132,187
84,419
574,611
105,183
732,600
261,251
22,507
21,798
2,139,748
2,097,002
4,230,75o
84,495
516,596
104,092
645,000
226,287
19,065
8,122
1,202,726
1,059.327
.
.
.
W&
.
M
.
M
V&N
W
K
RR&N
W
W
LE
35-j,
,
,
4
2,4s6,639
215,995
159,718
5,150.490
1,510,814
715,295
216,824
38,341
333,192
2,013,102
204,573
150,251
4,491,760
1,375,376
354,425
281. 0O2
39,353
104,434
60,965
18,321
5,786,016
250,450
156,004
18,005,906 16.936.666
6,368,279 5,757,303
18,712
6,632,095
4,736,224
1,584,956
7,417,109
269,857
2,581,153
17,573,190
4,052,835
2,234,607
6,554,217
271,782
101,066
77,748
1,721,217
21,600
555,237
226,118
501,745
3,632.436
1,244,109
6,559,522
277,3 45
1,739,901
10.121.210
3,435,990
].s 15,002
0,150,081
260,949
82,751
60,595
1,421,223
18,600
482,706
2 25,022
392,992
3,948,692
3,593,103
3,608,395
3,216,949
465,581
989,522
•478,081
1,082,308
821,088
739,745
1,166,881
8,198
487, s.57
1,029,555
11,373
827,473
673,323
602,780
* Figures Tor July are for the railroad only.
Covers results on lines directly operated east of Pittsburg.
Chesapeake & Ohio Southwestern, Ohio Valley and Chicago and Texas for both vears.
Mexican currency.
a Includes Paducah & Memphis Division from July 1 in both years.
t Includes the Houston &, Texas Central and its subsidiary lines. Earnings ol the Cromwell Steamship Line, not previously reported, are
now also included.
c Results on Montgomery Division are included in both years.
d Includes St. Paul & Duluth for both years.
e Inoludes results on Sher. Shrev. & Southern, Mo. Midland and San Antonio extension for this year, but not for last j ear.
6
f Includes
J
September
THE CHRONICLE
14, 1901. J
Totals for Fiscal Year.
.">49
4th week oj August.
1901.
In the full page statement on the preceding page we show
the gross earnings of all ro;nls for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some road? that
Ala. N.
have their own fiscal years. These with their dates are
brought together in the following.
North
Chattanooga Southern ..
('in. N. O. A Texas Pao..
still
Previously rep'd<42
Roads.
Atlanta & Charlotte Air Line.
Bellefonte Central
Burlington Cedar Rap. A No.
Central of New Jersey
Chicago A North- Western....
Ohlcaco Rock Island A Pao..
Ohio. 8t. P. Minn. A Omaha..
Apr.
Jan.
Jan.
Jan.
J ixne
Apr.
Jan.
1
Choctaw Oklahoma & Gulf.. Nov.
Jan,
Cumberland Valley....
Duluth South Hlio. & Atlantic Jan.
1
A
Carondelet. Jan.
Jan.
Gila Valley Globe A North'n. Jan.
International A Gt. North'n. Jan.
Lehigh Valley RR
Deo.
Lehigh Valley Coal
Deo.
Manlstlque
Jan.
Mexican Central
Jan.
Mexican International
Jan.
Mexican National
Jan.
Mexican Railway
Jan.
Mexican Southern
Apr.
Missouri Paolno
Jan.
Central Branch
Jan.
Total
Jan.
Monterey A Mexloan Gull.... Jan.
Northern Central
Jan.
Ohio River
Jan.
Paolflo Mall
May
Pennsylvania...
Jan.
Pennsylvania A Northwes'n. Jan.
Pare Marquette
Jan.
Phlladelplda A Erie
Jan,
Phlla. Wllm'g'n A Baltimore. Nov.
East
It.
St.
Louis
Worth & Denver City
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
l
1
1
1
1
1
1
1
1
1
1
1
1
1
1
A
Pitts. Clncin. Chic.
8t. L... Jan, 1
Rio Grande J unotion
Dec. 1
St L. Vandalla Terre H.... Nov. 1
South Haven
Eastern
Jan. 1
South. Missouri
Arkansas.. Jan. 1
Terre Haute
Indianapolis.. Nov. 1
Terre Haute
.Peoria
Nov. 1
Texas
Paolno
Jan. 1
West Jersey
Seashore.
Jan. 1
A
A
A
A
A
A
A
to
to
to
to
to
to
to
to
to
to
to
to
to
tO
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
May
Aug.
Aug.
July
July
July
July
Aug.
July
Aug.
Aug.
July
July
Sept.
July
July
Aug.
Current
Previous
Year.
Year.
430,37.".
9
849,149
31.637
2«.),070
3.272.76<!
3.021,852
8,698,825
7,269.737
7,8*6,205
5.235,147
2,671.053
549,917
1.741,158
106,576
871,427
228.856
2,490,622
16,239,764
12,046,548
85,098
ll.89M.458
3,081,069
5,460,244
3,025,500
9.498 354
7.797,754
9,U5,11>5,671,735
4,102,326
579,29.=.
1,667,670
105,49?.
1,186,977
201,587
2.933.013
17,586,443
14,14 6,304
78,97r.
Sept
11.844,427
July
3381,363
Sept
Aug.
Aug.
5,267,833
2,815.200
359 748
351,820
Sept.
Sept.
Sept.
22,973,958
938.437
24 228, c 51
902,584
4,607.409
753,104
3,071,166
52,452,506
225,* 26
5.889.060
3,589.775
8,649,551
11,395 945
300,1*1
1,667,"09
24,521
122,188
1,287,832
456,738
7,273,080
1.970,733
19,785,196
921,311
21,004.059
Aug.
July
July
Apr.
July
Apr.
Aug.
July
July
July
June
Aug.
June
July
Aug.
Aug.
Sept
July
929,820
4,398,509
729,624
3.817.6Z0
47,611.406
227,045
5,268,738
3,153,591
8,292,151
10,849,930
284,258
1,587,915
20,519
99.530
1,323,793
393,237
5,470.195
1,866,733
Latest Gross Earnings by Weeks.— In the table which
follows we sum up separately the earnings for the latest
week. The table covers the first week of September and
shows 10*16 per cent increase in the aggregate over the same
week
12.480.395 11,191,108
r'dsi
O.ATex. Pao.—
NewOrl. A No. East...
57,000
Ala.
32.00C
31,000
198 109
69,000
26,000
25.000
161,853
2.477
176.126
603,179
'1,137
37,803
155.952
483.318
57.242
34,455
At...
82.221'
-.424
Minn. St. P. AS. Ste. M.
Northern Paolno.........
'ere Marqnette
Pittsburg A Western
Santa Fe Pros. A Phoenix.
Texas Central
135,231
1,279.536
294,692
148,323
2i,10*
11,197
103,559
1,121,982
265,187
115.986
23.161
8,329
A Vloksburg
Vloks.Sh.
A Pao
Burl Oed. Kau.
<ft
A
St. L..
Peoria A Eastern
Detroit Southern
Dalnth
Period.
Ho.
Shore
A
week of September.
1901.
1900.
I
38,192
27,419
115.418
594,000
137,0>5
324,861
118.724
153.497
75.929
20,458
774,109
27.868
21,057
238.500
7,520
25.830
n
6,365
3.143
3.216
119,000
E ransv. A Indianapolis.
E ransv. A Terre Haute.
3
44,557
30,562
118,634
713,000
129.095
338,230
119,000
160,855
91,385
27.477
952.P03
31.471
24.621
236,100
6,965
27,300
Grand Trunk Western
637,993
627,420
10,573
107,262
80,18 t
51,129
19,526
559,040
302,217
136,73r
81,686
105,761
285,80c
679,000
31.000
3,526
317,467
10.109
364,091
133.809
678.899
168.748
56,463
93,853
78,302
44,927
13.737
487,380
285,783
147,760
66,263
93,012
261,635
607,000
33,000
2,500
309,651
10,509
323 622
110,124
645,942
142,702
46,39.
23.993
39,636
339,524
109,035
13,409
1,880
6,202
5,789
71,660
16,434
Alabama Gt. Southern.
Aon Arbor
B lfialo Rooh. A
Chicago
A
Plttsb'g.
East. Illinois
Chlo.Indian'lis A Louisv.
Col. Sandusky A Hooking
Ciloasro Mllw. A St. Paui
Cilo. Term. Transfer .,
D jnver A
Rio Grande.
Det. Gr.Hav. A Mllw.
Hooking Valley
..
>
A Gt. Northern.
Kanawha A Mlohigan
L-ralsvllle A Nashville.
I itern'l
. .
M nneapolls A
St.
.
Lonts
A 8. Ste. M..
Ma. Kansas A Texas
M). Paolno A IronMt...
Mob. Jackson A K. City
Norfolk A Western
St. P.
.
Rio Grande Southern....
Si. Louis * San Fran
St Louis Southwestern.
Southern Railway.. ....
Texas A Pacific...
Toledo A Ohio Central..
Toledo Peoria
A West'n.
9
7,960
13,366
276
7,368
15,456
7,019
178,494
3.603
3,564
mm
.
2,400
555
1,470
22.55fc
8.420,564 7,644,192
p. o.).
S
40.796
2,000
2,814
367
'20.174
119,86i>
23,
3,348!
7,195
3i',672
157.553
29.505
27,337
641
2,868
1,795,258
1,744,900
(
60,358
Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of August 24,
The next
1901.
will appear in the issue of Sept, 21, 1901.
Cross Earning*.
Net Earnings.
Current
Previout
Current
Previous
Roads.
July
ann Arbor. b
Annap.Wash. ABal.June
July 1 to June 30
Atl. Knox. A No.a July
Baltimore A Annapolis
Tear.
Tear.
9
143.827
6,630
66,089
49,591
9
.June
10,113
Aug. 4,454,003
July 1 to Aug. 31 .. 8,50l,7CO
Bangor A Aroost'k. .July
108,965
Bellefonte Centralb Aug.
4,808
July l to Aug. 31
9,140
366,692
Ohio. Ind. ALouis. a. June
July 1 to June 3o .. 4,150,470
July
387,693
ev. Lor A Wheel, a July
216,768
Uolum. Newb.A L.bJuly
10,843
etrolt A Mack'o.a July
68,068
Dul. 80. Sh.A Atl. b. July
255,628
Jan. 1 to July 31
1,424,152
Evans. A Indian. b July
30,365
Evans. A T. H.b
July
123,222
OilaVal.GlobeANo.July
27.039
«r. Trunk of Can.- July 1,954,427
Gr. Trunk West.. July
307,569
Det.Gr. H. A Mil. July
103,658
Lexing'n A East. b. July
31,497
Mex. International. July
451,224
Jan. 1 to July 31.... 3,391,362
Mexican Telephone. July
17,702
Mar. 1 to July 31....
87,053
Pacific Coast Co..a,Tuly
456,386
Phlla. A Erle.b
605,059
July
Jan. 1 to July 31.... 3,589,775
Rich. Fred. A Pot.. July
85.419
St.LouisA8anFr.b*July 1,681.592
J
anta Fe Pres.A Ph. July
88.606
Seaboard Air Line a July
871,789
Southern Paolflo.. a. July 6,632,095
54,106
Texas Central. a... June
July 1 to June 30....
707,590
ToLPeoria A West.bAug.
109,654
July 1 to Aug. 31
203,562
Short Line
Bait.
A
Ohlo.b
.
1
—
—
.
—
Tear.
Tear.
9
131,117
5,890
72,185
39,275
8,766
4,035,831
7,579,336
107,5 01
2,784
5,101
353,357
4,177,888
322,969
169,802
11,762
73,744
244,428
1,486,714
25,293
109,476
36,049
1,766,089
321,682
90,032
28,848
409,041
3,081,068
15,751
75,468
525,872
519.082
3,153,591
84.495
1,318,307
82,152
824,124
5,786,016
24,136
375,573
98,627
201,029
49,451
1,792
20,152
17,333
2,226
1,749,435
3,267,150
37,071
1,961
3,790
131,795
1,496,928
156,497
100,822
5,105
15,840
110,209
487,910
13,083
51,568
15,657
640,445
11,680
38,446
12,117
221,335
1,526.049
8,018
89,510
114.410
267,467
1,320,287
31,348
733,250
51,526
246,750
2,493,916
25,795
376,619
29.355
57,363
29,250
1,240
24.326
12,167
994
1,313,967
2,376.975
37,780
481
1,002
128,339
1,549,6b2
101,316
22,500
4,971
23,863
93,432
570,989
7,316
49,912
22,019
576,692
18,493
25,306
10,526
146,102
1,229,342
7,471
33,258
139,602
205,779
1,041,628
36,326
494,547
48,050
203,394
1,935,043
5,519
139,208
27,072
56,459
Net earnings here given are after deduoting taxes.
b Net earnings here given are before deduoting taxes.
* These figures ice'ude ii both years results on Kansas City Fort
Scott A Memphis RR. and Fort Worth A Rio Grande RR.
m.
53,642
369,677
112,389
Total (43 roads)
Netlncrease (10'16
Dtereate.
3
Iowa Central
Minn.
Increase.
increase.
8.000
6,000
36,3n;
1
.
1st
1,330,083
_ 15.669,59513,924,695
Tttal (59 roads)
N<t Increase (12 Mo.C.)-
.
last year.
MM.
S
Clev. Oin. Chlo.
Latest Qross Earnings.
1 nor
1900.
~~»
11,027
15,422
12,749
24,170
72,000
.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the fore
going, also report charges for interest, &c, with the surplus"
ftbove or deficit below those charges.
2,000
,
1,020
7,8 It
400
40,469
23.6»5
32,9)7
26,046
___
,
_,
10,071
1,437
14,006
30,153
3,294
802,151
776,372
Roads.
Olev.Lor'n A Wheel. July
St. L. A San Fran.- July
Southern Paolflo... July
Int., rentals, etc.
.
^-Bal. of Net Barn's.-*
Ourrent
Previous
Ourrent
Previous
Tear.
Tear.
Tear.
Tear.
9
28,117
406,133
2,035,705
fol Peo.A West. ..Aug.
23.050
July 1 to Aug. 31...
46,101
9
28,117
375,684
22,757
45,519
9
72,705
'329,181
•563,611
6,305
11,262
9
def.5,617
•121.763
4,315
10.940
After allowing for other lnoome received.
25.779
For the fourth week of August our final statement covers
68 roads, and shows 12 53 per oent increase in the aggregate
over the same week last year.
Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings received
this week.
In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads— that is, we print each week all the returns received
that weefc, but once a month (on the third or the fourth
THK CHRONICLE.
550
the roads furnishing returns, and the latest statement of this kind will be found
The next will appear
in the Chronicle of August 24, 1901.
Saturday),
we bring together
all
September
in the issue of
21, 1901.
(iron Earnxngi.
,
Previoui
Current
Tear.
,
Ne Earnings.
Previoui
Current
t
tear.
Fear.
Roads.
Central CrcBHfn
Apr.
(N.
to .Time 30....
l
July l to June 30
Dry Di Ok Id hi H
...
154,211
590,295
160,233
613,676
45,390
156,467
151,388
586,859
45.983
254,321
162,555
637,139
186 287
*Bb-
Juno
Juno 30...
Duluth-Pup. True. July
Apr.
1
July
1
Jan.
1
to
to
to July 31
Southern Boul iN.Y.t.b—
Apr.
t<> Juno 30 ...
July 1 to Juno 30....
South. Ohio Ti net Aug.
Jan. 1 to Aug. 31
Third we. (N Y.) b—
Apr. 1 to June HO ..
34th Bt.Or'BSt iu N.Y. lbApr. 1 to June 30
to June 30 ...
July
28th & 89th Sts. Crossi
—
1
(N. Y
Apr. 1 to
town
July
1
to
)
...
(N. Y.) b.—
Apr. 1 to June 30...
July 1 to June 30...
183.4;'2
47,835
50,283
177,331
15.272
21,465
96,257
5,408
13,931
14,996
89,168
603,382
584,086
440,009
242,230
'4.389
48,858
156,908
52,205
182,6dl
45,462
177,118
225,804
787,168
—
,
Tear.
91,490
350,331
103,222
293,454
9
24,631
105,895
25,883
108,049
32,386
130,739
32,465
181,739
4,548
17,082
4,224
16,561
440,822
338,149
15,110
58,909
14,085
56,206
Current
Tear.
Previous
Tear.
9
$
22,154
*24,222
-56,345
A
15,994
-58,328
18,248
47,892
def.159
dei.1,810
1,184
def.2,630
80,985
21,378
85,281
35.274
139,660
390
442, 493
Juiie29, 1901
Boston Electric Light
BostnnAi Maine
Buflalo Roch. & Pitts
& Susquehanna
Calumet & Hecla Miniug
Canadian Pacific
Chicago Burl. 4 Quincy
Buffalo
Chicago & Eastern Illinois
Chicago Great Wes' em
Chicago A Nonhwestern
Cleve. Oin. Chic.
& St. L
493
4>3
335
835, 347
389
235
835
2-H
2S6
493
286, 291
4v
4P1,
492, 606
Denver & Rio Grande
ErieRR
sheet,
33W, 394
Georgia Southern
Hocking Val
&
Florida
ey.
International Paper
Kanawha Michigan
Long Island..
i
Loufsv. Hend. & St. Louis
Loutsvi lie & Nasn ville
Maine Central
Manhattan Ry
442
234
390
234
8b9
442
336
442
336
35,756
168.679
60,002
211,917
67.4P6
129,775
Missouri Kansas & Texas
Nash. Chat. & St. Louis
Nat. Enamel. & Stamping
New Engl *nd Cotton Varn
New York Ont. & West
....492,
New York Susque. & West
Norfolk & Western.
492,
389
336
836
443
6<>1
441
602
Pac— Gt. Nor. Joint bonds
Chic. Bur. & Q.collat..o#ic state. 294
Pacific Mail Steamship
234
Penn-ylvania Co
335
Peoria & Eastern
441
North
Louis & San Francisco
San Kranclsco & North. Pacific
St.
Shelby Steel Tube
Southern Indiana
Southern Ry
286,334,
Susquehanna Iron & Steel
Toledo & Ohio Central
U. 8. Cast Iron Pipe & Foundry....
White Pass& Yukon
235
442
444
38rt
340
444
234
836
443
Street Railways—
Page.
Chicago Union Traction
]&2
below
OPERATIONS.
Freight
,
& mis.
oars.
>
6,505,864
Malnt. of equlpm't..
3,021,7*5
Oonduot'g iransp't'n 13,932,064
General expenses...
814,<»51
Taxes-General
1,341,390
Taxes— U. 8. Gov't
ii ternal revenue.
62,253
Renew. <s Imp. acct. 1.18 T>,000
Additional equlpm't 1,111,266
Total expenses.. 27,977,503
(66*03)
14,391,509
41,884,692
38,310,632
34,139,664
7,103,380
5,045,697
3,048, Ht>7
3,2^.700
12,761,667
759,871
1,258,008
11,702,325
811, "61
1,183,166
4,635,271
2,709.115
10,852,«U4
745,236
1,131,131
64,039
62.1^3
1,9*5,000
1,125,000
28,420,837
23.962.H37
21,201,567
(678
(62 55)
(62-01)
14,347,795
12,983,097
1898-99
1897-98.
1, 550,000
1.475,305
*>)
13,463,855
INCOME ACCOUNT.
Receipts—
Net earnings
Other lnoome
1900-01.
1899-00.
$
$
14,391,509
174,b83
Total net income 14,566,192
Interest on debt....
6,383,035
Balance for dividend
8,183,157
$
$
13,463,855 14,347,795 12,988.097
144,756
117,410
131,018
13,608,611
6,633,170
14,4^5,205
6,890,120
13,119,115
7,190,413
6,975,441
7.575.085
5,928.702
According to the company's method of accounting, one of
the two semi-annual dividends paid on the common and preferred shares during each fiscal year is charged to the earnings of that year, and one is paid out of the earnings of the
year preceding. This system is too complicated to be followed in above income account, and consequently the dividends paid during each fiscal year are stated separately as
DIVIDENDS PAID DURING THE FISCAL YEAR.
1900-01.
1899 00.
1898-99.
Stock-
Common. (5»fl)$2,593,123
Preferred
(7)
Total
1897-98.
(-)$2,351,530 (5>$2,318,980
2,851,038 (7) 2,516,528 (7) 2,278,931
(5!fl)$2, 531,463
(7) 2,104,245
$4,597,911
$4,635,708
$5,444,181
common and
$4,868,058
1900-01.
6,512
1899-00.
6,347
1898-99.
6,152
1897-98.
6,154
897
860
837
833
813
777
815
784
38,827
36,648
34,115
30,264
33^ per cent on the preferred stock, these divi-
Assets
1901.
1900.
1899.
$
$
4*
Road and equipment
Bonds and stocks owned
Due from agents, etc
224,288,833 218,302,681 218,506,635
2,170,503
657.691
651,487
712,912
546,315
374,315
Due from cos., individuals, &c. 1,050,739
1,048. '*32
1,105,683
Due from TJ. S. Government...
357,363
361,251
306,316
Materials and fuel
3,217.291
3,797,199
2,467,791
Bonds of company on hand ... 3,794,000
7,80 2,0
7,507,000
stocks of company on hand.
4,700
4,700
4,700
Mil. & Northern bonds unsold.
1,089,000
1,089,000
1,089,000
Renewal fund.
3,412,074
3,151,866
2,964,758
Sinking funds
633,594
665,865
783,636
Deferred payments for stook.. 2,206,650
Cash
13,518,176
5,088,401
6,377,492
Earns, expend, for oonst'n,&C.
2,295,255
Insurance fund
10,000
10,000
10,000
Total assets
Liabililits
Stock, common
—
Stock, preferred
256,465,835
244,710,456
242,148,816
55,821,800
44,658,400
47,146,600
40,454,900
131,147,000
46,923, "00
Funded debt (sse Supplement) 126,943, 600
14,887,254
35.595,400
136,262,590
589,854
293,520
2,803,133
3,634,891
3.260,956
12,779,871
244,710,456
242,148,816
Sinking fund
5<»5,8*4
Rolling-stock fund
110,603
633,185
62.S50
Renewal and improvem't fund 3,412,074
Pay-rolls, vouchers and miacel.
4,420,579
2,8S7,118
Interest accrued, not due
Income account
17,626,229
Total liabilities
72, p. 1187.
256,465,835
3,06' ,863
4,278,652
3,028, &60
-V.
Wabash Railroad.
International Traction of Buflalo. 3*6
Union Traction ot Pittsburg
390
562 to 565 furnishing full particulars concerning the property
and the year's operations.
The comparative tables of earnings, income account, etc.,
for four years, have been compiled for the Chronicle as
average
Equipment* —
Locomotives
Passenger equlpm't
$
5,986.840
25.468.852
2,733,972
21,669 def.5.355 def.7,009
85,069 df.24,676 dl.84,710
Chicago Milwaukee & St. Paul Railway.
(Report for the year ending June 30, 1901. J
The report of the board of directors, signed by Chairman
Miller and President Earling, together with the income
account and balance sheet, will be touud at length on pages
Miles oper
1897-98.
$
dends aggregating $2,849,594, and will also pay at the same
rate, the October dividends declared this week.
GENERAL BALANCE SHEET JUNE 30.
—
Arbor
1898-99.
Out of the surplus of $8,183,157 for the late fiscal year, the
company paid its April, 1901, dividends of 3 per cent on
Annual Reports. The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors' and Street Railway Supplements.
This index does not include reports in to-day's Chronicle.
RAILROADS, Etc.— (Con.)—
Page.
Page.
RAHHOAD8, ETC.—
443 Minneapolis General Electric
443
AlabamaGreat Southern.
American Shipbuilding
KXI'I.NBES.
1899 00.
$
26.352
94.036
33,998
98,994
&
Amer. Hide & Leather.. bal.
Three cipher* (000) omitted
7,(n8,514
6,774,921
7,9.M,216
Freight
31,357.992 31,2*0,217 28,773,2*2
Mall, express, etc...
3.07i,80i
2,96 ,961
2.768,489
376,579 df.88,371
ANNUAL REPOR'rs.
Ann
1
follows
town
Apr. 1 to June "0....
July l to June 30....
Passenger
14,597
50,110
15,960
60,356
>
Previous
Tear.
9
Current
July 1 to June 30....
Union Railway. N. Y.—
$
Net earnings
261,610
917,883
29th Sts. Cross(N. Y.)Apr. 1 to June 30
Earnings—
40,187
149,242
Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges.
^Bal. of Set Barn's.Int., rentals, etc.
28th
1900-01.
P. 0. op. ex. to earns.
Union Ry.
Roads.
Central Orosst'n (N. Y.)—
Apr. 1 to June 30
July 1 to June 30....
Dry Dook East B. & B.—
Apr. 1 to June 30
...
July 1 to June
South. Boulev'd (N. Y.)Apr. 1 >o June 30
July 1 to June 30
Third AvenueApr. 1 to June 30
34th Street Crosstown—
Apr. 1 to June 30....
July l to June 30
EARNINGS ANI>
Expenses—
Maln.of way&struc.
13,820
50,091
30.201
188,058
86.830
341,710
Includes narrow-gauge equipment.
Total earnings.. 42,369,012
14.630
52,302
39,915
218,736
b—
June 30
June 30
48.806
23.S66
112,601
110,993
396,918
1897-98.
1900-01.
1899-00.
189S-99
H.677,3 22
7. '7 .769
8,319,227
7,095,641
Pass. carried 1 intle.341. 643.692 328,178.516 290.017,172 253,4*5,501
Kate per iacs p mile 2 324 cts.
23 <7 ots. 2362 oU.
2d46 cts.
Kn-lglit (tons) car'd. 18,010,683 17,757,419 15 830,156 14,230,742
F;'ut(tons) car. 1 in. 13,689,1*77
(3,357,456 13.070,579 12,621,848
Kate per ton per in. 0861 ots.
0*329 ots.
0937 cts. 0972 oU.
Operations—
PasnengMrH carried.
Tear.
8
Y.)b—
lxxih.
[Vol.
(Report for the year ending June
SO, 1901.
The pamphlet report for the year ending June 30, 1901.
has just been issued. The remarks of Mr. O D. Ashley, the
Chairman of the Board, are given at length in this week's
issue of the Chronicle, on pages 557 to 569
also extracts
from the report of President Ramsey. Statistics compiled in
;
the usual from for the Chronicle are as follows:
June
Equipment —
Road
oper.
Locomotives
Passenger equip
30.
1900-01.
2,367
1899-00.
2,358
...
434
355
437
345
1898-99.
2,278
405
338
1897-93.
2,061.
412
325
Freight equipment..
16,087
13,169
13,582
12,361
Operations
4,943,016
Passen. carried, No.
4,277,735
3,751,019
8,517,682
Pass, carried 1 mile.264,2b8,214 233,848,065 210,692,939 180,369,167
1-913 ots.
1-957 cte.
Rate p. pass. p. m... l-»85cts.
1 897 ots.
Freight (tons) carr.t
8,354,949
6,9--7,64l
8,080,220
6,382,831
Fi'ght(tons)car.lmt *1,9 "8,952 1,902,881 "l,b66,830 1,365,693
0-552 cts
0-557 cts.
0-624 ots.
Rate per ton per m. 0*363 eta.
—
September
THE CHRONICLE.
14, 1901.]
189899.
*
1899 00.
*
1900-01.
Earnings—
$
4,474,652
10,616,340
1,349,»98
4,982.694
11,158.966
1,41V, "01
Mall, express, etc...
Passenger
Freight
551
BALANl'l
II: Kl.
JitneSO, 1901. Dee 3', '99.
1-97 98
102
9,819,692
-
?, 995,
8,524,784
1, 154,3*3
1,186, ISO
Dm
31, '98-
Artels—
$
$
*
Cost of road ami equipment .225.363,617 218,407,334 21l,;i:il.0 8
4,15 3,591
4.820,11 1
4.704,132
Sttuunthlps a) appurtenance".
30,0r>0,*75
26,' 9K,
ulttH held agsi .deb. mock 34,5-9.
2.19 .1*12
2,199,162
2,192,169
Otnei acquired •eourltlea
1,1 :>4
1,448,381
97
Keal entaie and hotels
1 .2
-',3 2,4*7
3,467,394
1,-62,052
Due on lands sold
185,475
201, 90
.09.: 95
Due on town sites
6t0,i ,9
660,368
Advance* to railroads
1,203318
Adv. peud'g Issue of securities 1,135,738
2,6o<>
2,924,913
Material* and "Upplles
2.641,410
4,266,942
4,40 >0 3
station & tralllo balances, &o.
3.565,638
204.720
advances.
1.272,478
1,
1,529.895
Mleo. securities and
232,716
transp'rtat'n,
Ao.
172,362
Due for mall
105,781
Crow's
account
Gov't,
Dom.
.
.
i
Total
Expenses —
17,554,464
16,4 10,990
14.39J.974
2,33f>,371
1,896.131
3,t05,625
1,334,758
4,844,253
1,686,303
3,129,737
f 9 1.627
4.410.788
263,059
Malntenanoeof way
Motive power
Maluti nuuoeof ears
3,909,316
1,467,151
4,765.999
284.208
Transportation
General
12,752,045
(7264)
4,802,419
Total
P.o.opexp to earns.
Netearulngs
"
t
266,1
>
i
11,147,416
10.411,474
(72-67)
(72-33)
4,493.574
13,207,802
1,669,987
2, Mi?
870, i 1 1
4,029, 30*
289,529
9,204,779
(7045)
3,903,083
3,982,500
oil hers (COO) omitted.
Revenue lreight only.
INCo.Mh ACOOUBT.
1900-01.
1899-00.
Nest Extension
Cash
Three
$
*
4,802,419
343,836
4,493,574
339,522
6,146,255
4.833,096
4,232,311
4,196,148
Tr'k A b'dge re utale.
Additions St lnisc...
586,199
796.096
700,253
67,327
797,678
332,185
567,163
770,276
55,441
499.486
527,756
71,865
Total
Applicable to int.
Interest on bonds..
Bent of leased lines
2,082,548
3,063,707
2,738.071
22,500
1,697,190
3,135,906
2,589,471
126,325
1,392,880
2,829,481
2,547,285
149,210
1,099,103,096.011
2,545, 33*
Balance
Div.on pref.debent.
303,136
210,000
Net earning
Inv'ts, rental-, &0..
Total
Dtduct —
Taxes
.
Result
219,-
r
1
3,903,08'*
292,066
1
1897.
6,568
3,818,857
397,411,745
3,674.500
430,493,139
3,179,589
317,997.691
Ratep.pas.p.m.
Freight (Kns)
oarntd
Freight
93
1
cts.
1-79 ota.
1-52 ots.
1-82 ots.
6,620,903
079
Freight
18,9*?, 186
ots.
$
8,083,370
074 cts.
$
76
7,098,097
18,73s,885
3,393,0:6
6,538,590
16,231,445
3,368,942
Tot. earnings
30,855,204
29,230,038
26,138,977
4,196,188
5.745,731
1,661,225
4,476,124
3,488,254
5,286,871
1,295,282
4,256 097
2,b73,368
3,274,643
4,866,253
962,264
4,014,178
2,546,267
Tot.
expenses
oper.
exp. to earns.
Net earnings...
Int.on deposits,
bonds, etc
18,745,828
o't of
Total
&
sink, f'ds
st'k
on deb.
Int.on
1.
gr. b'ds
Other Interest..
Rentals
Divld.
Divld.
on com..
on pref.
For steamships
Total
Balance, surp..
1,363,785
61.255,609
1,192,729
46,712,643
Rate per ton per m.
2-01 Ots.
1,161,810
52,8**, 135
2 ots
1,721,854
1.175.019
4,475,406
217.314
1,075,846
4,102,517
207,681
203
cfs.
$
$
1,452,139
5,312.771
248,951
1,35^,908
5,128,659
232,470
Total earnings.
Over. E> pen sl s—
Maint. of way
Malnt. of equip....
C01. ducting trans..
AK'oles& adv't'ing
General expenses..
7,013,861
6,721,037
5,867,73;}
5,386,044
929,364
654,503
817,538
618,312
2,481,085
192,076
381,212
204.000
704,688
556,426
2,l3>,781
191,956
362,664
201,0.0
653,564
600,246
2,000,914
192,592
330,057
173,000
,637,343
201,586
408,719
204,000
Total
5,035,515
Net earnings
Dedui t—
1 ,978,346
4,694,223
2,026,814
4,147,515
1,720,224
3,950,373
1,435,671
440,604
188,973
8,645
463,930
272,255
9.574
450,177
299, 20
448,613
252,219
6.8,222
1,340,124
745,759
1,281,055
758,170
962,054
7C 0,832
780,610
6f 8.650
498,002
C96.524
—
1
8,873
(60
TO
12,109,376
16,999,872
15,663,605
(58-16)
(59£2)
10,475,372
12.220,166
Total
Surplus for the year
1.349,230
*def-i9,106
Total surplus June 30, 1901, $134,676.
(57 16)
10,303.776
13,012,801
13,380,365
10,898,739
10,644,482
3,799,155
3,795,208
2,282,388
2,039,543
457,292
333,148
119,183
647.317
648,477
(5)3,2. O.oOO (5)3,250.000
(4)1,222,506
(4)954,840
150.000
155,000
3,815.114
1,8-3,079
430,103
3,740,' 92
11,176,516
2,203,849
1,837,112
91,567
;.
613,995
645.624
(4)?, 000,000 (1)2,600,000
(4). 04026
(3) 172,: 08
9,847.028
1,051,711
9,747,393
j
366,476 1,309,623
Debenture stock
21,826,589 16,673 6(0
Scrip reaeemable in debenture stook
7,432
Five per cent prefeired stook A
11,304,500 ll,3t3 900
Four i,er cent preferred stock B
7,468,090 7.468,o.
Common Stock
21,315,515 21,308,145
Loans
2,417,909 3,937,121
Aooounts payable (net)
347,874
Advances from earnings and inlsoel.
612,252
Total
— V. 73, p.
,
.65,311,362
i
2,823,159
1.425,201
K',47O.50O
143,
11,864,600
»,190
21.238,015
3,534,667
243,194
2.355,786 61,732,390
493. 444.
St. Louis Southwestern Railway.
(Statement J or the year ending Junt oO, 1901. J
The results for the last fiscal year are as follows
:
1898 99.
1897 98.
Gross earnings
$7,3-7,174 $5,908,284 $5,862.;-39 $6,^79.3^2
4,209,088
Op. e xp .incl.befts... 4,632,892
4,173,328
4,156,073
1900-01.
1890-00.
$2,754,282
82,198
$1,762,211
95,685
$1,66^,251
81,457
$1,106,004
8,907
Total net iLCome $2,836,478
$1,847,896
$1,737,708
$1,114,911
897,089
Other income
If This Is the miles operated at close of year, on which earninge and
operations given are based.
65,311,362 62,355,786 61,732,390
—
Liabilities
Prioiltj loan C. St. P. &. K. C. Ry
Equip, lease war'ts.C. St. P. dzK.C.Ry.
13,746,759
340,706
11,928,341
1,114,460
Total
3,434,75.-
2,125,654
423,367
30.
1900.
18^9.
Assets—
$
$
$
Cost of rolling stook owned....
5,702,484 2,799.019 2,63>.577
Cost of rolling stock In oar trusts....
49 1, 978 2,4oi.b73 2,309,138
Cost of road, including terminals. ...58,200,531 56,467,015 54,37fc,094
1,179,218
4% debenture stock lu treasury.
205,9-9
207,160
Other treasury stocks
308,890
5H.694
56.694
Interest in Ohio. Union Transfer Ry.
56,695
1
fc5,000
,000
Int. in Kan. City & St. Jos. elevators.
1 OO.OoO
Stocks and bonds of other companies.
255,754
680,132
256,755
274.376
Cash, accounts & bills receivable (net)
84,491
191,0*9
3,018,749
4,211,587
955,013
1,150,199
396,524
338,315
952,898
9,1:6
1,137,270
143,785
GENERAL BALANCE SHEET, CAPITAL ACCOUNTS. JCNB
4,049,535
933,425
734,839
Dlv. on pf. stock A.(5%)568,620 (!%)568,620 (4%)454 896
5,796,115
15,257,897
2,995,522
1
1,814,750
Passengers
Freight
Mail, express, etc..
4% dlv. on deb. stk..
cts.
Deduct—
Int.
Int.
1.493,609
66,052,117
Total
$
$
3,788,648
2,666,51.0
0-78
ots.
Mall.exp ,ttc.
Per
Pass, oar'd 1 mile.
1899-00.
1901.
R'tep.tonp.m.
EarningsPassenger
Transportat'n..
Miscellaneous..
929
Balanoe
Dtduci
oar'd 1 mile. 2383,633,945 2539,171,900 2142,319,887 1955,911,006
,
1897 98.
929
Rentals (lncl. int.
on equipment)...
Interest paid
Miscellaneous
(tons)
Erpi nses—
M't of wa> &o.
Motive power..
Maint. tf cars..
1898-99.
Taxes
5,174,484
5,582,038
re-
929
*
7,155,813
acres of
929
J
Earnings—
Operations—
4,337,799
Pass, oar'd No..
Paec mileage.. 419,353,393
1,850,047
29,126,378
21,435,484
oompany owns 16,104,403
2,340,965
2,651,054
Frelghtcar*dlmlle833,799,l70 706.924, 174
0-72
64 ots.
ote.
Kate per ton per m.
Calendar I ears 1898.
6,681
In addition to above assets the
p. 444.
Freight oarried...
The report ol President Van Home will be found at length
on pages 556 to 558, with the income account, detailed statement of charges, balance sheet, etc.
OPERATIONS AND FISCAL RESULTS
1899.
7.0OU
264,031,206
Passengers carried
Canadian Pacific Railway.
(Report for year ended June 30, 1901, J
7,563
279,418,275
1900-01.
142,057,488 139,335,930 139,33?,156 137,499,734
Total
73, p. 446, 338.
June 30, 1901
291,518,572
une 30
operations—
—V.
Miles operated*!
7* ,637
6,462,023
Milescper.
28,000,000 28,000,000 28,000.000 28.000,000
21,000,000 24,000.000 24,000,000 2* ,000,000
85,081,000 83.045,000 83,073,000 81,534,000
Bonds
761,146
816,520
769,353
795,363
Int. due&acorued..
Vouch. & pay-rolls.. 2,312,60) 1l >J*o,*ov
ofta qtn
2,016,165
2,006,598
348,972 J
Individuals & RR.'s
339,660
397,494
351.927
340,606
Taxes accrued
3,460
3,314
3,490
3,849
Hospital account....
414,610
212,316
10.019
180,009
Notes payable
430,692
639.432
465,861
668,126
Equlpm't notes
105,000
105,000
Dlv. ondeb. bondB..
222,481
377,842
403,000
Credit profit & loss.
.
9,614.528
4,5» 6.231
EARNINGS, EXPENSES AND CHABGES.
142,057,488 139,335,980 139,333,156 137,499,734
ei.d.
65,000.000
10,951,000
48,061,867
66,502.586
port, giviDg much valuable information regarding the property, and the principal tables of cperations, etc., are given on
pages 565 to 567.
30.
.
Year
65,000,000
26,7*1 000
54.237,083
65,4*7 6«6
4,603,6^6
1,*03,323
29,551.2 8
20.960,251
1,359,629
Chicago Great Western Railway.
(Report for the year ending June 30, 1901.
The remarks of President Stickney, from the annual
1^98.
1899.
1900.
1901.
*
$
Assets—
$
$
Road, equlpin'r, &c.l36,980.500 134,944,500 135,033,500 133,433,500
64,6*54
607,120
Construction acct...
598,247
709,518
891.. 19
816,931
Supplies & mater'ls.
9* 2,737
747,987
408,403
9?*, 860
Cash on hand
822,093
784,63;
875,915
Stock* and bonds. .
1 ,282,331
68,572
Furoh'g Committee.
1,097,176
1,108,527
862,868
869,582
Accounts collectible
108,481
112,580
87,931
106.017
Advances & mine-ell.
479,434
803,050
639,432
Equip. suspense acct
465,861
517,190
Deb. protlt and loss.
Total
Liabilities—
Common stook
Preferred stock
65,000,000
31,171,000
r 0,369 083
65,069,086
Bonds (see Invest, hupp.)
4,364,852
Current aooounts
1,828,279
interest and rentals
--.
29.930,590
Subsidy and bonuses
For land grants and town sites 22,663,121
Int. for M. St. P & 8. 8te M. RK.
Miscellaneous
11,122,561
Surplus earnings account
*
420.110 sur. 147,936 sur.401,496
210.110
BALANCE SHEET JUNE
261,031,200
land.— V. 73,
93.136 sur. 210,000 eur. 147,936 sur.401,496
.sur.
4,14.
279,418,275
Total liabilities
149,210
,904,247
1
291,518,572
Total assets*
Liabilities—
Common stock
Preference stock
Consol. debenture stock
1897 98.
1898-99.
3.982,500
622,529
9,793,463
THE CHRONICLE.
552
DeductTaxes
190001.
Int.onlstmort. bonds
on 2<1 mort. bonds
Equlpm'ut payments
Other Items
Int.
Total
Balance, surplus
-
— V.
1851)00
$161,167
800.000
860.000
204, 8^9
61.148
$155,771
800.000
400,000
258,825
66,907
$l,577,t04
$270,292
$1,681,504
$1,154,974
1898-99.
1897-98.
$188,495
800.000
£131,007
800,000
180.1 >00
171.061
44,5j5
Chicago & Eastern Illinois Railroad.
('Report for the year ending June 30, 190 J.
Statistics— Operations, earnings
1
Mall, express, etc..
Total
8
968,746
$
7S7.387
$
of
Total expenses.
8,023,974
10.200000
10,200,000
(For (he if ear
pages 559 to 561 of to day's Chronicle is published
President Osgood's report, with numerous tables showing
the year's operations and results; and at the end of the report
will be found the Circu'ar in full to stockholders, dated June
On
6, 1901.
The
results for the year
402,7f0
478,557
1,472,706
138, ^97
220,310
378,983
490,717
1,408,153
127,151
214,628
Deduct management
8,063,627
(5950)
2,0d5,270
2,712,920
2.619,632
Balance
(59-22)
(62-05)
2,188,152
-
Grots.
Fuel department
Iron department
to
12,246,546
1900-01.
969,233
1,333,088
34,262
5,105,302
4,928,651
266,042
44,976
5,058
5,589,353
6,266,877
Denver retail departm't
347,483
Pueblo
"
"
38,171
Miscellaneous
4,662
Total
-Net.-
189900.
$
1900 01.
$
132, 6J3
1,868,640
814
2,342,059 2,551, 5<=6
201,905
199,388
10,350,030
2,142,671
INCOME ACCOUNT.
1899-00.
190001.
$
$
2,188,152
219,063
2,085,270
214,889
1,868,640
196,689
1,601,806
166,286
2,407,215
2.300,159
2,065,329
1,768,092
Net earnings.
2,142,671 2,349,682
Deduct—
Int. on bds.,lese inc. on sec 329,926
408,019
Taxes
53,813
71,619
Sink, and other funds, etc
4': 6,938
384,042
Interest and exchange
35,12 5
22,267
Dividends on pief. stock.
Total
Deduct—
1,201,671
Interest on bonds...
Rentals
137,578
379,842
6 p. o. on pref. stock
Div. on com. stock.. (5^)370,879
Depreo of equlp't...
66,793
250,452
New construe, etc
1,0R6,399
1,126,139
1,083,052
183,648
231,567
229,651
349, M42
349,842
289,842
(±hi) 278,901(3^)216,923 (2»s)154,945
8%
Total
Surplus
100.000
129,205
Current year (17&18),
For previous years
160,000
t480,000
320,000
1,490,750
651,921
1,200,999
1,148,683
2,349,682
1898-99.
1897-98
$
$
1,094,675
711,543
369,460
46,986
328,888
35,258
889,124
50,338
127.667
47,611
780,572
314,103
614,740
96.S03
$
1897-98.
1899-CO.
1,137,696
1,387,845
19,177
1,810
5,058
4,662
income account
1,601,806
189899.
of last year
OKOS8 AND NET EARNIN08.
$
480,419
570,442
1,661,249
146,912
204,605
(61-34)
compared with those
were as follows
625,618
605,602
3,471,294
..112,021,433 73,967,390
& Iron Company.
ending J ant SO, 1901.)
4,221,438
159,572
2^5,534
2 :
Colorado Fuel
4,581,560
1,854,1:68
Total..
.119,081,488 78,997.897
.
5,148,897
lieceipts—
Other inoonie
..
Preferred stock... AO.'.OO.OOO 32,000,000
72, p. 990.
5,669,446
INCOME ACCOUNT.
190001.
1899-00.
$
$
Net earnings
1,079.908
3,638,721
145,452
Taxes
Per ct.exp. to earns.
Net earnings
3.M- 0,849
4,521,062
169,b38
equipment
Oond. transportat'n
General expenses..-
I'rotltandloss
709,343
3,379,462
Expenses—
Mai tit.
7.678,084
1,053,000
4,764
Bonds
4,110,803
877,100
4,105,620
166,177
Maln.of way&struo.
...50,000,000 88,600,000
and bonds
Treasury
treasury stock
and charges are shown
Operations—
Common Mock
4H.mh.4I»h
Accounts and Odin
Total.
189798.
648
*
Stock on hand
12,932,809 11,773,923
Cash, accounts re
Miracle,
t-tock
-V.
Pass, carried, No...
3.497,127
3,498,263
2,796,465
3,269,958
Pass. oar. one mile. 59,495,404 55.466.496 50,069,579 44,797,770
1-63 ots.
1-58 ots.
1-59 Ots.
Rate per pass. per m.
1 58 cts.
Fr'Kln (tons) carr'd.
5.914,394
5,87<;,2«l
5,5^8.429
4.784,375
Fr'gt (tons) car. m. 917,170,653 850,501,320 780,399,3:17 660,143,108
0'493
0-483
Bate per ton per m.
Ots.
512 cts.
ots.
0485 Ots.
Earnings—
reHleft..Ac.fi
\biUUe*-
%
:
OPERATIONS AND FISCAL RESULTS.
190001.
1899 00.
1898-99.
Miles oper. June 30.
727
711
648
Passengers
Freight
1'iiuit.
%
r..v;2H.235
woo.
1001.
ipoo.
lflni.
Atuts—
$957,629
$1J7,291
78, p. 237.
below for fonr years
months of the fiscal rear ending April 80. 1901, were $2,756,662.
Adding this to the above shows the surplus earnings of the
combined
companies for tlis period of this statement, after payment of interest
and.taxes, but before deducting dividends, to have been $6,585,103.
26,613
$1,329,091
$408,617
[Vol. LXXIII.
Dividend 7, 8, 9 and 10-July 1, 1895, to June 30, 1897.
Dividend 11 to 16 inclusive— July 1, 1897, to June 30, 1900.
Quarterly dividends of \% per cent each on the common
s.ock were paid July 15 ana Oct. 15, 1901.
*
Total
2,407,215
Balance
2,067,735
1,964,731
aur.232,424 aur.100,598
BALANCE 8HEET JUNE
1,757,490
srr.10,602
30.
1901.
1900.
Assets—
$
33,278,944
2,607,620
398,900
458,582
297,924
42,000
563,754
30.796,408
2,748,272
360,591
345,398
368,696
294,8«l
567,641
317,451
Total assets
40,969,029
Liabilities—
outstanding
Common stock
7,197,800
Preferred stook outstanding
6,830,700
Bonds and car tr. notes (see Supp.) 24,074,548
Interest, div., rentals, taxes, etc.
669,906
Pay-rolls, vouchers, eto
495,002
38,070,596
35,799,340
6,197,800
5,830,700
23,198,703
591,945
550,376
6,197,800
5,830,700
.
,
Equipment lund
Income account
1.701,073
Total liabilities
73, p. 286.
.40,969,029
42/^71
$
21,053,9.^9
584,452
563,881
100,000
1,468,643
1,701,072
38,070,596
—V.
Third Avenue BR.
Statement
(
for the year ending June
35,799,340
30, 1901.
:
1900-01.
1899-09.
Gross earnings
Operating expenses
$2,42,635
1,095,541
$2,123,834
1,315,444
$2,159,410
1,255,482
Net earnings....
Other Income
$1,147,094
413,092
$808,390
31,626
$903,928
329,903
Net income
Fixed charges and taxes
$1,560,186
1,763,294
$840,016
712,325
$1,233,831
367,362
(def.)
$203,108
$127,691
American Smelting & Refining
1898-99.
Co.
("Report for year ended April 30, 1901.
sheet permits the making of the following comparison with the previous year
PROFIT AND LOSS ACCOUNT.
190001.
1899-00.
x Earnings (including earns of the Guggenheim plants for 4 mos. of 19O0-Ol).$5,989,0i9
$4,634,028
:
Deduct—
888,410
615 089
(and con solidatlonexpens in 1900-0 1) 1,271,198
Dividends on preferred stock
(1%) 1,918,000
(5-64%) 1,545*053
Interest and taxes, general expenses
x Surplus earnings for year
Surplus brought forward
$1,910,441
1.979,908
Jecftfa
*r>
Real estate
16,142,388
Mines development
98,415
Royalties in advanoe
45,159
Equipment, all departments
11,773,731
3,386,7f9
Col. Pin. & Cons. Co
Cash
1,791,092
Customers' accounts
867,776
Individuals and oompanies (net)..
228,889
Bills receivable
11,876
Stocks, supplies and materials.... 1,656,658
AdVitEC'S— C. C.
&
I.
Del.
493 978
$1,979,908
Balance to credit of profit and loss. $3,890,349
$1,979,908
Note.— By vote of the executive committee Sept. 6, 1901, $1,000 000
Has been credited to property account from profit and loss surplus
x The net earnings of the Guggenheim plants for the first eight
30.
1900.
S
13,369,089
91,712
52,332
6,494.171
5,090,458
1899.
$
13,301,480
7H.525
29,410
5,647,013
153.0S7
834,785
25H.769
458,969
1,218,139
20,414
574,262
324,032
16,253
8-2, S62
220,567
814,362
Co
Securities- stocks and bonds
952,128
334,515
77,030
1,040,322
32,678
54,lt>3
48,199
Total assetp
37,366.416
Liabilities—
Capital stock (see Inv.Supplem't)2\0OO,0OO
Bonds (see Supplement)
5,935,000
29,146,646
21,955,380
19,000,000
5,993,t00
141.7E0
270,034
60,975
393,798
189.100
1,176,035
24,000
141,077
13,000,000
6,323,000
261.562
164,469
32,361
282,534
106,395
874,437
24,000
146,296
231,533
1,525,345
146,631
593,694
29,146,646
21,955,350
& Wy.
Ry. Co
Miscellaneous
Col.
Unpaid freight
Unpaid paychecks
The Colorado Supply Co
Sinking funds
Fund for pajment of taxes
Bond int. (acorued but not due).
. .
Dividend accrued
Miscellaneous
Inoome aocount (surplus)
Total liabilities
73, p. , 393, 140.
536,400
705,318
193.628
450,065
269,663
1,478, b94
35,0u0
146,572
80,000
379,900
2,096,476
.37,366,416
—V.
Republic Iron
(R port for
$366,469
A printed
Betterments and repairs
1901.
BUls payable
Unpaid vouchers
Earnings for the last fiscal year, as compiled from statements to the State Railroad Commission, were as follows
Balance, surplus
—V. 72, p. 1035.
GENERAL LEDGER BALANCE JUNE
1899.
$
Road and equipment
35,155,447
Bonds, stocks and other invest's.. 2,6 7,710
Sinking fUDdC & E. I. RR
446,294
Sinking fund O. & W. I. RR etc
503,974
Bills and accounts receivable
618,604
Materials and supplies
296,672
303,000
Cash assets
1,027,327
Cash
•
t
&
Steel
the year ending
Company.
June
30, 1901. J
President R. S. Warner says in substance:
The year has been unusual in many respeots. Our mills were idle
during July, August and September pending a settlement of the wage
consequence the tonnage of finished material produced
less than the production for the previous fourteen
months' period, and the average selling price very materiaUy less.
To improve the physical condition of our blast furnaces we were
obliged to have them all out of blast during the first six months of the
year for a period of two to five months. On acoount of this our pig
iron production was 175,186 tons less than for the previous fourteen
months' period. Our blast furnaces are now in first-class condition,
and our annual output of pig iron will be Increased to 500,000 tons or
more. The improvements are now beginning to show results.
On aocount of the lorn; idleness at both mills and furnaces, it took
all of our earnings until April to absorb the fixed charges, repairs
and general expenses. In addition to this we had a shrinkage in
values of our inventory to contend with, occasioned by the sharp decline in value of both the raw and finished material on hand during
the firstsix months. Our inventory as of June 30. 1901, placed very
conservative values on the material on hand, and in no instanoe above
scale; in
was 254,801 tons
actual cost.
We have largely Increased onr supply of Bessemer ore during the
year by the acquisition of additional min* s on the Mlssabe Range
in Minnesota, under a very favorable leasehold, and also by the purchase of a large tonnage of high-grade Bessemer ore at a low price,
September
14,
IHK CHRONICLE.
1901.]
covering a term of years. The company is now In a wry union
stronger poMtlon aB to Its ore supply than a year ago, and In
other respect lis manufacturing facilities have been neatly Inon
The new billet mill which we are adding to our Bessemer plant at
Younghtowu, Ohio, is praotloally completed. This will lncreaai our
output of billets to 1,000 toi s. or more, per day. The new blast furnace at Thomas, Ala., will also be blown in shortly. Our labor
ters for the year have been amicably settled. We have a Utrge tonnage oi material sold, and the outlook for the company is
c-ouraglug. The chauses that have taken place iu the Iron and
world during the past few mouths should insure more stable prices
and thereby inure to the beueilt of the business.
The results for the fiscal year ended June 30, 1901, com pan
with tho;o for the previous 14 months as shown in the la*t
i
report as follows:
1900-01.
12 mos.
189900.
1,034,248
f5,6S4,101
Iuiprovem'ts and repairs (alsodepreclatlon of plants in 18990. ) 566,622
158,527
Depreciation of material
Reserve for bad debts
893,014
32t',392
1,097,358
50.000
938,-31
50,000
309,099
3,643,729
1,421,679
3,334,630
196
2,222,0=0
3.334,434
2,2*22,050
1,112,384
14
m
x
Profits
II
Net
profits
p.
c, on pref. stock. 1,421,483
def. 1,112,381 sur.
Balanoe
Previous surplus
4,649,853
2,222.050
1,109,666
Total surplus
x After deduotlng $256,196 for maintenance and repairs
while idle during July, August and September, 1900.
BALANCE SHEET JUNE
of plants
30.
1901.
1800.
1900.
*
$
ti
41 ,093,724 41,14l>,352
Plants, Ac
1,218,201
New cons-tr'n, <&c... 1 ,1*4,176
*
Preiened stock... 80 ,30 ',0
80, 3i6,900
Common stock
27, 191,0u0 27, 191,000
Pre v. newconstr'n
Bills
1931.
Am
)
,-218,203
147.2lO
St'k in sunt! ry cos.
New gas i ipe lines,
547,200
149,171
100,676
116,731
z Kxtraoid y imp.
Materials and sup.
3 ,828,850
4,188,780
rec
2 ,6 »,» 9
:i,0-8,'t!l
,127,107
1,203,133
insurance, Jtc
Accts.
&
bills
Cash
1
Liabilities—
In excess of provisions for same. -V. 73,
z
and accounts
payable
80,952,316 61,86fr,817
Total
I
1,
Dlv. paiii July 1. ..
Due on coal lands
Kes've for tax. ,&<.-.
Reserve for possible losses
Profit and loss
Total
68^,351
866,371
185,000
47,380
1,088,808
3:5,371
K14.0I
65,98«
71,642
1
2,222.050
,10P,b«6
60,952,315 51,369217
p. 496, 295.
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
& Charlotte Air Line Ry.— Increase in
Divi
Atlanta
dend.— The dividend rate has been raised to 7 per cent per
annum under the operating contract with the Southern Ry.
Co., the gross earnings exceeding $2,500,000 per annum. From
1890 to March, 1901, 6 per cent was paid j early.— V. 70, p. 632.
Baltimore & Ohio RR. New Certificates Ready,— The
voting trust having been dissolved, the certificates of capital stock are now being issued in exchange for the votiDg
trustee certificates at the Standard Trust Co., 25 Broad St.
Speyer Bros, will make the necessary exchange in London.
Holders of the 4 per cent convertible debentures may now,
upon 30 days' notice in writing to the company, at its office,
or to Speyer Bros., in London, convert their bonds at par
into common stock.
Listing. The New York Stock Exchange has authorized
the listing of the $59,227, 000 pref erred stock and $45,000,000
common stock as from time to time issued in exchange as
—
above stated.
Earnings and Interest Charge. The
Stock Exchange affords the following:
—
statement
to
the
$47,114,430
32,016,734
Net earnings applicable to Interest, as below
$15,097,696
Annual Interest charge on present funded debt ($215,107,304), Including the $15,000,000 convertible debentures
(see above)
-V.
$8,064,940
73, p. 390, 337.
Boston & Maine
RR.— Lease— New Bonds.—The
share-
holders will vote Oct. 9 on ratifying the lease of the Fitchburg
RR.; also to authorize an issue of $1,0(0,000 bonds for permanent improvements upon various leased lines.— V. 73, p.
335, 235.
Brooklyn Heights RE.— Quarterly— Earnings for the^quar
ter and the 12 months endiDg June 30, covering the operations of lesser companies, were:
Gross
Net
Balance,
3 mos. end.
Other
Interest,
earnings
earnings.
surplus.
June 30.
income.
taxes, etc.
$3,161,930 $1,252,980
1901
$77,624 $1,175,560 $15b,044
1900
3,091,073
1,312,029
264,494
85,357
1,132,892
12 mos.
1900-1. ...$11,747,574 $4,616,494 $311,388 $1,630,662 $297,220
1899 0... 11,268,022
4,219,529
320,488
275,725
4,264,292
—V. 73, p. 494, 390; V. 72, p. 987.
Columbus Sandusky & Blocking RR.— Sale
Judge Clark,
in the
Detroit United Ry. Co.,
Toledo Railways &. Light Co.,
Fremont A» Norwalk RR. Co.,
Sandusky Norwalk A Ho. Ry.Co.,
to Proceed.
—
United States Court at Cincinnati on
Sept. 6 ordered that the foreclosure sale proceed, subject
to the judgments which have been or may be given against
the receiver, and subject to all debts which have bten
adjudged prior in lieu to the mortgages. As security for
these debts a lien is to be retained on the property with the
light to re-take and re-sell it, in case of necessity. The
claims of Messrs. Carlisle, Henchman and Randolph are dismissed without prejudice, on the ground that they should
not be allowed to confuse the present case. An investigation, also, is ordered with reference to the claims which it is
alleged should have been paid from earnings. V. 72, p. 675.
unici*l
notice
to
Muck-
Cleveland
Klec-trlc
Clove. Paluecvllle
Ky.
A
(
Co.,
I
Cleveland A Eastern Ry.
Cleve. A Cbag. Falls Bleo.
(
l'.R.
&
Co.,
luterurban Kleet. Ry. Co.,
Chair. Fails & Kant. Elee. RR.
Northern Ohio Traction Co.
Lorain <k Cleveland Ry. Co.,
Also such other pi opertles as may from time to time conveniently
be acquired.
"Preliminarily, however, in the development of this plan,
it is necessary that certain results should be achieved relative
to the Detroit United Ry. Co., which is now under the necessity of providing for the payment of the indebtedness secured by mortgage executed by the Detroit Citizens' Street
Ry. Co., to the amount of §1,100,000, which becomes due on
Ojt. 1, 1901, and for the payment of over $C0J,000 which will
shortly become due upon contracts for the acquisition of
additional properties. It is also essential, in order taat the
stockholders of the Detroit United Ry. Co. should be equitably treated in the development of the ultimate plan, that
the increased value of their property should be represented
by an adequate capitalization." For these purposes a plan
of reorganization of the Detroit United Ry. Co. has been perfected, and August Belmont, of August Belmont
Co.;
Walter G. Oaktnan, President of the Guaranty Trust Co.,
and George W. Young, President of the United States MortYork, have conTrust Co., all of the city of
gage
sented to act as trustees with control of all certificates of
stock deposited under the plan.
As already announced, the plan provides that the stockholders of the Detroit United Ry. Co. who deposit their
stock with the Guaranty Trust Co. shall receive $105 in the
30-year 4 per cent gold bonds of the new Michigan corporation for each $100 share of their stock. In the event Uat the
ultimate plan for unity of control of the various railroad
corporations above mentioned is consummated, each depositing shareholder '"will receive in addition tojthe bonds as
aforesaid stock or securities, or both, of the corporation invested with control of the acquired lines." Stock of the new
controlling corporation so received is to be held for a period
of five years by voting trustees and certificates of beneficial
interest will be issued therefor. The syndicate managers in
charge of the readjustment are Henry A. Everett, Edward
W. Moore and Ralph A. Harman. The holders of a large
majority of the stock of the Detroit United Ry. Co. have
already signed said agreement, which has therefore teen declared operative under date of Sept. 4.
are informed that
the present intention is to give $100 in stock with the $105 in
bonds in exchange for each $100 stock of the Detroit United
Ry. Co. See further particulars in advertisement. V. 73,
Ban.
i
&
&
New
We
—
p. 494, 391.
Eel River RR.— Successor Company.— See Logansport &
Toledo Ry. below.— V. 73, p. 391.
Evansville & Terre Haute RR.— Report.— The report for
the year ending June 30, 1901, shows results, including the
Evansville
Gross earnings fisoal year 190O-01
Operating expenses and taxes
By*—Plan—The
Tol.
Seei erne.
IDS.
Deduct—
Dividends, 7
Detroit United
holders on another page (p. \xj coLlirim the particulars
given last week regaining the proposed organization uf a new
.Michigan corporation svith $12,500,000 capital itock and an
authorised bond issue of $50,000,000, to take over the ownership of the lines of railway now operated by the U.-troit
United Ry. Co. and those of which that oompany expects to
acquire control under pending contracts. The advertisement says the ultimate purpose is to brin,< into one Mystem
and under one control the electric railway properties now
operated by the following corporations:
&
Indianapolis RR., as follows:
Fiscal
Balance,
Gro»8
Net
Other
Fixed
Divid's.
year.
earnings,
earn's. income, charges, on stock.
surplus.
1900-01. .$1,699,026 $678,201 $58,789 $5s*l,241 $1^3,752 def.$38,003
1899-00.. 1,732,907 728,868 52,901 585,137 203,667 def.
7,035
Dividends above include 5 per cent on preferred in botn
years and 3 per cent on the common stock in 1900-01,
against Z% per cent in the earlier year.
V. 71, p. 806.
—
Logansport & Toledo Ry.— Successor of Eel River RR.—
This company has been incorporated, in the interest of the
Pennsylvania RR. Co., as successor of the EtI River RR. Co.,
whose road, extending from Logansport, Ind., northeasterly
to Butler, 94 miles, was recently sold under order of court.
(See V. 72, p. 1187; V. 73, p. 391.) Vice-President James McCrea and other officials of the Pennsylvania lines west of
Pittsburg are directors of the Logansport & Toledo RR. The
Eel River RR. was formerly operated by the Wabash RR.
Co.—V. 73, p. 391.
Massachusetts Electric Companies.— Called Bonds.— The
$150,000 first mortgage 6 per cent bonds issued in 1891 by the
Nashua Street Ry. have been called and will be paid at par
on Oct. 1 at the Nashua Trust Co., Nashua, N. H.— V. 73, p.
391, 184.
&
Mexican International RR.— Change in Control— Speyer
Co., who last March acquired a large interest in the
Mexican National RR., have purchased control of
this propthe oucstanding capital stock was
which $4,172,100 was held by the Southern
Pacific Cb. and the remainder largely by the Pacific Improvement Co. It is the latter's holdings that have now changed
hands. See map on page 83 of Investors' Supplement.—»V,
erty.
On Jan.
$20,708,200, of
1,
1901,
72, p. S69, 873, 881.
Mexican National RR.— See Mexican International RR.
above.— V. 73, p. 1080.
Milwaukee Burlington & Lake Geneva RR.— Milwaukee
Consolidated Traction Co. of Pittsburg Etc.— Sale of
Ordinance Passed Over Veto.— The Common Council of MilControl.— See Philadelphia Co. below.— V. 72, p. 1C80.
—
THE CHRONICLE.
554
Sept. 9 passed the ordinance, granting this com"
pany a franchise for an levated railroad, over the Mayor's
veto by a vote of 35 to 11. J. W. Wheeler of Toledo, President of the company, immediately accepted the ordinance.
The company was incorporated some mon'lis ago with nom
inal ($100,00 ) capital stock, to build an electric line from
Milwaukee to Lake Geneva, about 50 miles, but this it is
proposed to increase to $3,010,000 or $4,000,000. It is thought
by sc me persons to be part of a project for a new line to
waukee on
<
Chicago.
See V. 73, p. 445.
Mobile (A la.) Light & RK.— Consolidation.— The consolidation under this title of the Mobile Street RR. Co. and the
Mobile Light & RR. Co. has been consummated, and the following are the directors of the consolidated company:
Chase. W. E. Gordon. Charles
J. Howard Wilson John Wilson, O.
D. Wlllonghby, W. II. Patterson, Henry B. Tompkins, W. 8. Brown
W
and
L,
Lowensteln.
The
original plan (see V. 73. p. 236) provided for the abCoke Co. and the
sorption also of the Mobile Gaslight
Electric Lighting Co. of Mobile, but the directors of the
Mobile Street RR. Co. declined to enter into a consolidation
with these companies because of the agitation forth*- building
of a municipal electric-lighting plant.— V. 73, p, 287, 236.
&
New Orleans & larrollton RR.— Negotiations.— See
Orleans Street RR. below.— V. 73, p. 138, 82.
New
Orleans City
New
[Vol. LXXIII.
P. A. B. Widener, W. L. Elkins and other large stockholders of the Consolidated Company, it is stated, have assented
to the plan above outlined.
Its adoption, however, depends
upon the assent of a majority interest, which,
yet to be obtained.— V. 72, p. 1081.
it is
eaid, has
Peoria &|Kastern Ry.— Payment of Debt, Etc.—?ee report of Cleveland Cincinnati Chicago & St. Louis Ry on
page 497 of last week's Chronicle.— V. 73, p 441.
Reading Co.— Called Bonis.—The following bonds of the
hiladelphia& Reading Coal & Iron Co. of the loan of $432,000, secured by deposit of mortgage of the Little Schuylkill
Navigation & Coal Co., have been drawn and will be paid off
at par at the office of the Fidelity Trust Company, trustee,
Philadelphia, on Oct. 1, by the Philadelphia & Reading Coal
& Iron Co., on which date the siid bonds will cease to bear
interest, viz., was:
I
^
1
1!
92
235 240 313 320,332,345,
lVo
l°Z'
425.— V.
73, p. 2b7.
St. Charles Street RR. ol New Orleans. - See New Orlean
Street RR. above.
aT^afca
rf77,
J83,
St.
Vn'ift
390, 410,
'
'
'
'
Joseph Sonth Bend & Southern RR.—Dividends.-The
directors have declared the following dividends, payable
Sept. 16, 1901: On the preferred stock a semi annual dividend of 2% per cent; on the common stock a dividend of 1
per cent.— V. 70, p. 461.
RR.— Offer Approved.— A. press despatch
Schenectady (N. Y.) Ry.— Line to Albany.— A trial trip
the board of directors on over the new line to Albany was made
by friends of the cornacceptance of an offer made piny on S=pt. 9. The line, it is
said, is without a curve. See
lease
the
of a syndicate, to
bond sale, V. 73, p. 495, 445.
cent per annum on the preSouthern Traction Co. of Pittsburg Etc.— Negotiations.—
ferred stock (as against 5 per cent, the present rate), with the
See Philadelphia Co. above.— V. 71, p. 914.
option to the syndicate to purchase the preferred stock at
Tennessee Coal, Iron ttRR.-Bonds < ffered.— A limited
and the common stock at 35. The syndi
any time at 112
cate will also assume the fl ating debt. A large amouut of amouut of the $3,00",000 new 50 year 5 per cent gold bonds,
stock is reported to have been deposited under the terms of issued to complete the steel mill at Eosley and for improvethe cffer, which it is understood will be binding when ac- ments, under terms of the $15,000,000 general mortgage
cepted by the holders of three-fourths of the outstanding authorized by the stockholders last June, is being offered by
Co. of this city at 102 and interest.
The syndicate is endeavoring to secure control of the E. C. Jones
A conissue.
New Orleans Carrollton RR., Orleans RR. and St. Charles siderable part of the $3,000,000 issue was taken by directors
and friends of the company. The bonds are being sealed
Street RR. companies.— V. 73, p. 495. 392.
aud will shortly be ready for delivery in exchange for the
Mortgage
Filed.
Northwestern Elevated RR. of Chicago.—
temporary certificates.— V. 73, p. S6.
The company has filed its new mortgage, Illinois Trust &
Third Ave. RR.— Quarterly— Earnings for the quarter endof
Chicago,
trustee.
Co.
Savings
Payment for Union Elevated RR. Stock. The company on ing June 30 were:
Net
Sept. 5 began making payment for the stock of the Union 3 rrtos. end'g Gross
Other
Interest,
Balance,
June 30.
earn's.
earn's.
income,
tases, etc.
sur. or def.
Elevated RR. See V. 72, p. 1082; V. 73, p. 287, 237.
1901
$603,382
$440,009 $377,3r*2 $140,822 sur. $376,d79
Orleans RR. Negotiations. —See New Orleans City RR. 1900
581,086
242,230
2,548
333,149
def.
88,372
above.— V. 69, p. 1346.
The statement for the year ending June 30 will be found
Ossining Ry. So Id.— This property has been sold by the on a preceding page.— V. 72, p. 1035.
Henderson of Cleveland,
receiver for $50,000 to Barrett
United States Traction Co. of Louisville, Ky.— IncorporOhio, who represent a Cleveland syndicate. V. 65, p. 925.
ators.
No further information concerning this company
beyond
that
given last week could be obtained in this city
Panama RK.— Called Bonds. One hundred and forty- four
yesterday, all negotiations with relation thereto, we are in($144,000) sinking fund 6 per cent subsidy bonds have been
designated for redemption at the iffice at par on Nov. 1, 1901, formed, being carried on in Chicago. The incorporators are:
Stephen D. Dennlson, Chloago, III.; Wm. de Hertbern Washington
on which day interest will cease.— V. 73, p. 495.
ana Fred. Howard Porter, both of 1 Broadway, New York; Ire M.
Philadelphia Co. of Pittsburg.— Co trol of Consolidated Earle, Des Moines, la.; Gardner W. Kimball, Wilmington, Del.
Mr. Washington is President both of the Hydraulic ConTraction Co —The following announcement was made in
Pittsburg on Sept. 9, following a meeting of the principal struction Co., which has been sinking caissons for many
stockholders of the Consolidated Traction Co. and of the high buildings in this city and elsewhere, and of the New
Philadelphia Company:
York Model Dwellings Co., and is also President and director
"The principal stockholders of the Consolidated Traction of many other corporations. He is at present, we are inCo. in Philadelphia and Pittsburg have agreed to turn in formed, in Chicago. Mr. Porter, who is associated with
their preferred and oommon stock upon the following basis:
him, being also absent from the city.— V. 73, p. 495.
"For the preferred stock of the Consolidated Traction Co.
Washington Traction & Electric Co.— Reorganization
par in 5 per cent bonds of the Philadelphia Company, 15 per Plan,— Acommilteeconsisting of George
Young,Cbairman;
cent in the 5 per cent preferred and 5 per cent in the com- John Crosby Brown, James Timpson, William H. Hollister
pany stock of the Philadelphia Company and $3 per and Gardiner M. Lane has prepared a plan of reorganization
share in cash; and to take one share of Philadelphia Company which provides for the foreclosure of the first collateral trust
common stock ior two shares of Consolidated Traction com- mortgage and the transfer of the property, if arquired by
mon stock. James H. Reed, James D. Callery, George H. the committee, either to a new company or to the WashingFrazier and Patrick Calhoun were appointed a committee to ton
Great Falls Electric Ry. Co.," whose name under the
enter into the preliminary contract to carry this trade into act of Congress passed June
5,, 1900, shall be changed to the
effect. The expression of the board of directors of the PhilaWashington Street Railways Co., or otherwise appropriately
delphia Company was that the same terms made with the modified. The successor company shall authorize the issue
large stockholders of the Consolidated Traction Company be of mortgage bonds and capital stock as follows:
offered to all of the stockholders of that company. The
Fifty year mortgage 4 per cent gold bonds, interest paystockholders of the Philadelphia Company will not be called
able each six months
$17,500,000,
to meet until the committee is ready to report.
To remain in treasurv until used to retire underlying
bonds of properties acquired (except the funded debt
"H. J. Bowdoin and George Frazier were appointed a com
of the United States Electric Lighting Co. and the Pomittee to negotiate with the stockholders of the Southern
tomac Electrio Power Co.)
7,607,650
Traction Co. for the acquisition of the common and preferred To depositing bondholders of Traction Co., $550 for
report
company
and
to
the
same
to the stockstock of that
each $1,000 bond deposited
7,393,100
Sold to a syndicate, subject to the right of participation
holders of the Philadelphia Company."
of depositing bondholders
672,000
The 5 per cent bonds ab ve mentioned will be a new issue For
acquisition of outstanding securities, addt onal
of collateral trust bonds for $12,000,000 and secured by
property, etc
k
327,250
deposit of the Consolidated preferred stock, $ for $. The To remain in the treasury until issued, under limitaprovided
in
tions
mortgage
1,500,000
$3 per share in cash represents the entire amount of accumulated dividends on Consolidated preferred, and the money Preferred stock, 5 per cent, cumulative after June I,
1904; also preferred in liquidation to the amount of
therefor ($720,000 on 240,000 shares) will be provided by the
its par value, together with all aoorued divideuds
8 500,000
Philadelphia Co. from cash in the treasury and other sources. Common stock
6,500,000
The preferred stock (not to exceed $1,800,000) vi quired, in
Assenting security holders will receive:
case all the preference shares of the Consolidated Company
For
each $',000 bond: $550 new 4s; 550 new pref. stock; 200 new
are acquired, is already in the treasurv of the Philadelphia common
stock.
Co. To retire the entire common stock ($15,000,000) of the
For each $100 share of stock on payment of $9: $9 new pref. stook;
Consolidated Traction Co. at 50 per cent, and as part consider- 30 new common stook.
ation for the preferred, an increase in the common stock of
Both classes of stock are to be held in a voting trust for
the Philadelphia Co. of not exceeding $8.!00,'00, pay from five years and for such further period, if any, as shall elapse
$14,753,0C0, the present amount, to $22 853,000, would be before the preferred stock shall have received 5 per cent cash
necessary.
dividend for three consecutive years; although the voting
from
New
Orleans states that
Wednesday voted to approve the
by H. H. Pearson Jr., on behalf
property on a basis to pay 6 per
%
&
&
—
—
&
—
—
—
W
'
&
September
THE CHRONICLE.
14, 1901.
trustees may, in their discretion, deliver the stock, or anj
part thereof, at an earlier time.
An agreement has been made by which $072,000 in bondd
of the new company are to be purchased by a syndicate, depositing bondholders to be allowed to participate in snob
Upon payment of $50 for
purchase at the same rate, viz
each bond deposited the depositing bondholder will reoeive
$50 in bonds and $25 ia common stock of the new company.
Electric Light Companies.— It is proposed, though it is not
an essential part ot the plan, to consolidate or merge the
United States Electric Lighting Co. with the Potonric E
mortgage may be placed on the combined
trie Power Co.
plants or on one or both of the properties to secure bonds
aggregating $.',500,000, which are to be used as follows:
To be reserved for extinguishing the funded debt of the United
$t3. 0,000
States Electric Light Co
To lie sold for payment of lloating debt and for Improve850,000
ments and extenMons
To be reserved for future use under limitations In the mort1,C00,000
gage
Earnings.— The gross earnings of the combined railway
and electric light properties from Jan. 1, 19'Jl, to Julv 1,
1901, as certified by officers of the company, were $1,086 240.
and the net earnings were $482,868. At the same rate for
the remainiDg six months of the year 1901, which the Presi
dent of the company has certified is, in his opinion, a con
servative basis of estimate, the earnings of the properties
for the year 19 1 would be as follows
$2,172,480
Gross earnings
965,736
Net earnings
The annual fixtd charges of the new company, even if all
properties whose shares of stock are held as collateral are
acquired by the new company, will be about $875,213, viz.:
underlying mortgages
$388,019
Interest on $7,607,6335, 69i
Interest on new 4 per cent bonds
Interest on present funded and floating debts of electric light51, SCO
ing companies not exceeding
Taxes (estimated)
100,000
Dep nils.— Holders of collateral trust bonds and stock are
requested to deposit tteir securities with the United States
Mortgage & Trust Co., 59 Cedar St., New York City, on or
before Oct. 12, 1901, under the terms of the plan. The plan
has been underwritten. See further particulars in adver:
A
r
:
tisement on another page,
—V. 73, p. 495, 392,
INDUSTRIAL. WAS AND MISCELLANEOUS.
Call made on Stock.— The "Philadelphia News Bmeau" says that it is proposed to call a meeting of the fctuckholders in order " to acquaint them with
the condition ot tne company, inform them of the pro >pective
call of $10 a share on the preferred stock (r.o be made in four
instalments) and ascertain just how many stockholders will
a^ree to meet the liability." Tne call was made yesterday
payable in four instalments of $2 50 each, due Oct. 20, 19j1,
and quarterly thereafter.— V. 72, p. 138.
American Alkali Co.
American Liuseed Co.— Annual Meeting.— A typewritten
statement was read by President Gates at the annual meeting
on Tuesday, showing that of the $5,000,000 cash working
capital provided at the organization of the company in December, 1898, theie was on hand on July 31 this year, repre-ented
by' available cash assets," only $2,947,045, a reduction of
$2,052,955.
Durii g the year ended July 31, 1901, the company, it seems
from Mr. Gates's statement, suffered a lo:s from operations of
$1,402,491; the operations of the previous year, it is said,
showeo a profit of blightly more than $1,000,00 I, ani for the
seven months from organization to July 31, 189 », there was a
loss of $l.7u0.000.
The total loss to Aug. 1, 1901, is stated as
$2,335,178. Early this year, before the change in the control
of the company, $(j,0GO,00o notes were issued at 90 or less
V. 72. p. 3v>2), and on Aug. 1 these notes were redeemed
at par, the loss so incurred presumably accounting for
part of the total loss as well as of the loss from the operations of the late fiscal year. From June, 1*599, to Se^t.,
1900, six quarterly dividends at the rate of 7 per cent per
annum » ere paid on the preferred stock, calling for about
$1,703,000. After the first year's loss was sustained, the books
were balanced by increasing the inventory value of the
(see
plants.
Directors. The board of directors as elected last June
(V. 72, p. 1189) is continued in office, except that Messrs.
—
Highley, Daniels and Orr. who served under the former
management, are replaced by R. H. Adams, Hjmer C. Wise
Trotter. John D. Rockefeller Jr. and his assoand D.
ciates voted not only their own stock but that of the Ryan-
W
interests.
The directors are:
J.D. Rookefeller Jr., F.T. Gates. D.Parmalee Prentice, George Wellwood Murray, L. M. Bowers, J. A. McUean, Guy G. Major R H.
Adam*, Houier U. Wise, Augustus N. Eddy, George D. R gers, E. V.
Cary, F. J. L vatt, W. A. Jones and D. W. Trotter.
The old interests are represented by Messrs. Mijor and
Whitney
Eddy.—V. 73, p. 238, 34.
American Telephone & Telegraph Co.— Dividend on
of Controlled Companies.— See Erie Telegraph
Co. below.— V. 73, p 495, 446.
&
Telephone
Brooklyn Gas & Electric Light Co.— Assessment of Stock
buosenbers and shareholders are notified tha. an
assessment of 4-10 per cent, or 20 cents per share, on each and
every share of the capital stock is now called for, and is due
and payable to Carl I. Collins, Treasurer, No. 419 Market
St., Camden, N. J
on or before Sjpt. 16, 1901.
,pon a
p.
I
Erie Telegraph \. Telephone Co.— Ad Jit tuna! ATofel
mis on Stock of Controlled Companies.— Toe "
Me-
l',
,
\VM
Bureau
" uii S-pt. 6 said
^ton
:
The recent deriine in Brie Telephone to 40 n i- pro
,u
thai ihe oompanj haebeen obliged to bori
trust <;<>
iniiiai iiiiini'\ from the Old Colony
•uo,.
iion purposes. Of the $7,f>oo,<>oo fui ni>-ij< .1 i.
il
[form
early pert of the year, only_$l,oOO,000 wee prov]
enlone ;>ud Improvements, 'i ble additional $i ,>(> •,< oo i» r«;
i«h
toe insue of. 5 per cent notes, wbleh have been mderwiitten bj tijr
syDdloate manager* at 99 and aoorue i terest, aod
mnountof abort-term notes now outstanding *9,00 ,0 0, all of wbleh
ex ire inn. mi, 1902. The secuiliy buck of thit aiidi lonal money furnished oonslsts of notes or stock, or both, of iiii* sub»ldlai j
Eiir siiti companies have recently declared the 1 llowl
di\ lends from 1900 earnii.
i
I
Aggregate
Capital.
Company.
Div. Rate, dicuttndt.
$4.3.->4,000
N. W. Exchange Co
(261,240
7,3ie,Ooo
Co
438,^60
Southwest T &T.
;J, 100,000
Cleveland Tel Co
124,000
4%
Of tbe above dividends of $824,200 the Erie Co. receive* about
$600,"00 and the Bell Co. $200,000.
These three companies have been paying dividends of about $1,000, Oi Oper annum, and the present deferred dividends were declared,
not beoiuse th« earnings of tb« compai ie* may not possibly have
warranted the higher rate, but because, pending iUh complete examination of the properties, it was considered conservative to declare
or i\ such dividends as were vriihin the figures presented in the pre-
Company.— V. 73, p. 84.
Republic Iron & Steel.— New Officers.— At the annual
meeting on Wednesday Randolph S. Warner, as expected,
retired from the presidency and was succeeded by Alexis W.
Taylor. Several other changes also occurred in the personnel
The number of directors was reduced
of the management.
from eighteen to fifteen, in three classes of five members
each. The following new directors were elected: William
Nelson Page, Eiwin N. Olil and William Barret Ridgely.
These, with Peter L. Kimberley and Archibald W. Houston,
liminary report of the Audit
re-elected, are
piring in 1904.
directors
for
the
three-year
period
ex-
There were already two vacancies in the
board, and the following directors retired, reducing the
noard to the necessary fifteen members: George M. Bird, L.
E Cochran. James C. Corns and Myron C. Wick. The officers and directors elected are
President, Alexis W. Thompson; Vice-Presidents, John F. Taylor,
Archibald W.Houston, William E.Taylor and William B.irretr. Ridgely;
Treasurer, John F. Taylor; Secretary, Y. D. Haagsma. Exeoutive
Committee- G. Watson French, Chairman; Alexis W. Thompson,
John F. Taylor, Harry Rubens and William E. Taylor.
Directors
August Belmont, G. Watson French, W. H. Hassinger,
Arohtbald W. Houston, Peter L. Kimberley, Edwin H. Ohl, W. Nelson
Page. W. B. Ridgely, Harry Rubens, Grant B. Schlev . George I. Sheldon, J. F. Taylor, Wm. Taylor, A. W. Thompson and Randolph S. War:
ner.
The annual report
will ba
found on page 552.— V.
73, p. 496,
291.
—
Telephone, Telegraph & Cable.— Offer Accepted. Stockholders representing over two-thir.1s of the entire capital
stock have accepted the offer of C. W. Morse to pay 50 per
cent of the amount actually paid in by each shareholder for
their holdings.
The paid up stock at last accounts was $4,
686,465.
The consummation of the deal now depends upon
the result of Mr. Morse's examination of the company's
books. See offer V. 73, p. 448.
United States Steel Corporation— Strik;.— The features
of the strike this week were the re-opening of the Bay View
rolling mills at Milwaukee, more than half of the strikers at
that place returning to work, and the resort to violence by
the strikers at McKeesport to prevent the operation of the
National Tube Works. The formal abandonment of the
strike, it has been thought, might be announced at any time,
and there were rumors yesterday of an impending settlement. President Shaffer, it is understood, was empowered
on Monday by a unanimous vote of the General Executive
Committee of the Amalgamated Association to end the strike
on the terms proposed last week by C. M. Schwab, President
of the United States Steel Corporation.
See V. 73, p. 509.
Welshach Co.— Annual Statement.— The report for the first
fiscal year ended May 31, 1901, it is stated, shows gross income §625, 837, including only ten months' profits ($98,396)
from commercial business. The deductions were: Depreciation, $13,546; interest ($327,050) and sinking fund ($105,360),
$432,410; dividend 2 per cent paid June 28, 1901, $70,000, leaving a balance surplus of $109,881.— V. 72, p. 1241.
Western
Union
Telegraph
Co.— Quarttrly — Earnings
(partly estimated) for the quartrr ending Sept. 30 were:
Balance
Dividends
Interest
3 months ending
Net
Sept. aO.
1901 (est.)
1900 (actual)
revenue.
$l,8f>0,000
1,:05,756
charge.
paid.
surplus.
$239,040
239,040
$1,217,005
1,217.001
$3;'.-,«!S5
249,715
The
Toral surplus (estimated) Sept. 30, 1901, $9,713,240.
V. 72, p.
ieeular 1}4 percent dividend is payable Oct.
15—
1191.
—The
Stock
—The
,
Diss' ititiun.— Toe shareholders will vote s.
proposition to dissolve the corporation.— V. 71,
V
- -
-
card of the Morristown Trust Company, Morristown,
appears among the Trust Company cards in the
Chronicle. S ; v.ml names prominent in financial circles will
R-ference to the company's
be found among its directors.
growth has b -en made in the Chronicle on several occasions,
the last comment having been printed on page 04 of the current volume.
—William G. Gallagher, 35 and 37 Broad St., New York,
has just issued his revised quotation sheet of unlisted securities.
Copies can be had on application.
N.
j.,
THE CHRONICLE.
556
jqKrris awxl
[Vou LXXIII.
documents.
CANADIAN PACIFIC RAILWAY COMPANY.
TWENTIETH ANNUAL REPORT-COVERING THE PERIOD OF EIGHTEEN MONTHS ENDED JUNE 30,
To the Sltareholders
PursuaDt to the action of the shareholders at the last general meeting, changing the fiscal year to end June 30th
instead of December 81st, the following report and statements are made to cover a period of a year and a-half ex
cepting that the results of the Company's operations are
given in two separate statements, next following, one cover,
first half of the calendar year 1900, previously pub
and the other the fiscal year ended June 30, 1901.
The result of the Company's operations during the six
months ended June 30th, 1900, was as follows
ing the
lished,
:
$14,167,797 89
8,889,851 06
The gross earnings were
The worklDg expenses were
And the net earnings were
Add Interest earned on deposits and loans. $157, 651 78
Add interest due from Du-
$5,277,946 83
mtli South Shore <fc Atlantic Ry. Co. on Consoli-
dated bonds held by your
Company against deben$302,140 00
ture Stock Issued
Less advanced by your
167,140 00
Company
135,000 00
Add
interest from Minneapolis St. Paul <fc Sault
Ste. Marie Ry, Co. on
bonds held by your Company against Debenture
79,860 00
Stock issued
Add amount repaid by Minneapolis
Ste.
St.
Marie
balance in
Paul
Ry
& Sault
being
Co.,
full of Interest
advanced
638,846 89
1,011,3^8 67
$6,289,305 50
Deduct Fixed Charges accruel during the six months,
Including interest on
Land Bonds
The surplus
for the six
this there lias been
From
3,434,244 67
months was
charged
off
$2,855,060 83
the
half-yearly dividend on Preference Stook:
$599,086 67
2 per cent paid 1st October, 1900
And half yearly dlvld. on Ordinary Stock:
2i« per cent paid 1st Ootober, 1900
1,625,000 00
2.224.086 67
$680,974 16
Leaving balance
The
result of the
Company's operations during the
year ended June 30, 1901, was as follows:
The gross earnings were
The working expenses were
fiscal
$30,855,203 55
18,745,828 20
$12,109,375 35
And the net earnings were
Add interest earned on deposits and loans.$336,705 25
Add
interest due from
Duluth South Shore &
Atlantic Ry. on Consolidated bonds held by your
Company against Deben$604,280 00
ture Stock lseued.
Less advanced by your
167,280 00
Company
437,000 00
Add
interest from Minneapolis St. Paul & Sault
Ste. Marie Ry. Co. on
bonds held by your Company against Debenture
159,720 00
Stock issued
933,425 25
Deduct Fixed Charges accrued during the year, Including interest on Land Bonds
The surplus for the year was
Deduct amount applied against
cost of steamships.
$13,042,800 60
7,305,835 49
$5,736,965 11
150,000 00
$5,586,S65 11
been charged off the
half-yearly dividend on Preference
Stock of 2 p. c, payable 1st April. 1901 $599,086,67
And half-yearly dividend on Ordinary
Stock, 2*s p. c, payable 1st April, 1901 1.625.0C0 00
From
this there has
2,224,086 67
$3,362,878 44
From this there has been
deolared a seoond half-yearly dividend on Preference
623,420.00
Stock, 2 p. c. payable 1st Ootober, 1901
And a second half-yearly dividend on
Ordinary Stock, 2*3 per cent, payable
1.625,000 00
1st Ootober, 1901
* 2.
The working expnses
for the year
amounted
to 60*75
per cent of the gross earnings and the net earnings to 39*25
per cent, as compared with 58*16 and 41*84 per cent respectively in 1899.
3. The earnings per passenger per mile were 1*93 cents and
per ton of freight per mile 0*79, as against 1*79 and 0*74
cents respectively in 1899.
4. Four per cent Consolidated Debenture stock to the
amount of eight hundred and thirty thousand pounds
(£830,000) was created and sold for the purpose of acquiring
the .securities of the Manitoba & Northwestern Railway
Company, with its leased line, the Saskatchewan & Western
Railway and of the Great Northwest Central Railway Com-
1901.
Company had undertaken to pay interest by way of rental, in accords nee with the terms of
the leases of those lines approved by the shareholders at
their last meeting.
5. Four per cent Consolidated
Debenture stock to the
amount of four hundred and thirty thousand pounds (£430,000) was created and sold to provide for the construction
and equipment of Branch Lines constructed under authority given by the shareholders.
pany, on which your
6. Four per cent Preference Stock to the amount of nine
hundred thousand pounds (£900.000) has been issued and
sold, to provide for additions and improvements to the
property authorized by the shareholders.
Since the last Annual Meeting, a further amount of
and twenty eight thousand five hundred
dollars ($428,500 00^ of the 5 per cent Land Grant Bonds has
been redeemed and canceled.
8.
Another section of the British Columbia Southern
Railway, between Nelson and Balfour, a distance of 21
miles, was completed last year. You will be asked to approve a lease by your Company of this section, and of the
sections of the Railway previously completed but not included in the original lease.
9. You will also be asked to approve the lease by your
Company of the Kootenay & Arrowhead Railway referred
to in the last Annual Report.
10. Under an agreement made by your Directors with the
Government of Manitoba, in relation to the construction of
certain Branch Lines within the Province, and involving
the payment to this Company of a cash bonus of seventy
thousand dollars ($70,000), your Directors have undertaken
tbat the Company will construct, or cause to be constructed,
a branch line from Forest, on the Great Northwest Central
Railway, westerly 42 miles; an extension of the Waskada
Branch, 19 miles; an extension of the Snowflake Br., 9 miles;
and an extension of the McGregor- Varcoe Branch, 7 miles.
11. For the purpose of serving a section of country between Vancouver and the Fouth arm of the Fraser River,
in British Columbia, and of securing more direct connection with the fish canneries at the latter point, a line, about
sixteen miles long, has been commenced and will be completed during the current year. This line is being built
under the charter of the Vancouver and Lulu Island Railway Co., and a lease from that Company to your Company
of the property will be submitted for your approval.
12. An agreement between your Company, the Duluth
South Shore & Atlantic Railway Company and the Mineral
Range Railroad Company, whereby in consideration of cer7.
four hundred
tain traffic arrangements your Company undertakes to
guarantee interest at the rate of 4 per cent per annum on
$1,254,000 bonds of the Mineral Range Railroad Company,
will be submitted for your approval. Your Directors are of
opinion that the arrangement will be of substantial advantage to your Company, as well as to the Duluth South Shore
& Atlantic Railway Company.
13. In accordance with tbe terms of the traffic contract
between your Company and the Minneapolis St. Paul &
Sault Ste. Marie Railway Company, your Company endorsed its guarantee of interest at 4 per cent per annum on
bonds of that Company to the amount of one million one
hundred and forty-one thousand dollars ($1,141,000 00), representing additional mileage constructed.
14. In view of the rapidly increasing development of trade
on the Pacific Coast and the desirability of securing as much
of that trade as possible for the Company's lines, your Directors considered it advisable that a suitable line of coasting steamers should be provided by the Company, and as
the steamers and other property and franchises of the
Canadian Pacific Navigation Company, actively engaged in
the business and with established trade relations, could be
secured on terms that appeared to be advantageous, it was
deemed desirable to acquire the same at an expense of five
hundred and thirty-one thousand dollars ($531,000 60).
Since the purchase was made another steamer has been
added to the fleet at an expense of one hundred and seventyBefore next season it
five thousand dollars ($175,000 00).
may be necessary to provide one more steamer for the
northern or Yukon trade and one for the route between
Vancouver and Victoria.
The growth of the Company's
traffic on the Pacific Ocean
suggests the importance of providing at an early date an
additional steamship, somewhat larger and faster than the
present Pacific Steamships of the Company.
In order to provide for these expenditures, you will be
asked to authorize the issue of Steamship Bonds to the
amount of four hundred and eighty thousand pounds
(£480,000) sterling.
15.
the
The contract between the Imperial Government and
Company
for the transportation of His Majesty's mails
and from China and Japan, which expired in April last,
has been renewed for a further period of five years on practically the same terms and conditions.
to
September
THK CHRONKXE.
14, 1001.]
Your Directors much regret to li;i\t to report the death in
December last of the Honorable Donald Machines, S< aator,
one of tlieir colleagues, and tine of the oldest members ol be
t
Board, having been elected to the position in August,
For the Directors,
T. G. SHAUGHNESSY, President.
Montreal, August 20th, 1901.
•
1
557
MHBBCLB
•1>."
LAN OS.
A mount
Acre*.
HalesCanadian Pacific Land Grant-
1900, to June 30th, 1900.. 197, 321
1900, to June 30th, 1901..3 LI
326,280
Ye;u 1890
Jan.
July
FIXED CHARGES FOR YEAR ENDED JUNE
1st
$1 ,749,081 6«
p. o
Province of Quebec, 4*80 p. o
North Shore 1st Mortgage 5 p. o
£200,000
£200,000
$2,644,000
£4,007,381 158.
$2,000,000
£1,330,000
5(1.
HO 00
67 66
Canada Central 2d Mortgage 6 p. o..
St. Lawrence A Ottawa 4 p, o
Man. 8. W. Col. Kv. let Mort. 5 p. c.
Toronto Grey & liiuce Rental
Ontario ct Quebeo Deb. Stock 5 p. c.
Quebeo (ordinary) 6 p. o..
Ontario
Atlantic & North West Ry. 1st Mortgage, less Government proportion.
Algoma Branch 5 p. c
Rental Farnhain t<> Brigham Juno...
Rental Mattawamkeag to Vanceboro
Rental New Brunswick Ry. System..
58,400
3M.9H3
127, V00
140,000
975,129
120,000
life
£750,000
00
,!4
00
00
.«>6
00
1st, 1900, to June 30th, 1900.. 71,348
Julv 1st, 1900, to June 30th, 1901.. 69,71
90,526
Year 1899
Total SalesJan. 1st, 1900, to June 30th, 1900. .263,669
July 1st. It 0(t, to June 30th, luoi..399,80«
416,800
Year 1899
244,04n
214,968
311,586
182,rt0i>
1,268.224
1,327,067
POSITION OF LAND GRANTS AT JUNE 30TH,
A era.
Canadian Pacific—
Original Grant
872,829
34,033
32,604
40,000
2,050
20,876
106,083
74
04
24
00
00
62
47
Souris Branch
Land Grants.
.
1901.
Acres.
18,206,986
1,611,520
19,818,506
4,765,822
Sales to June 30th. 1901
Less oanceled from Jan. 1st, 1900, to
JuneSOth, 1901
19,232
4,746,590
Quantity of land unsold
15,071,916
Manitoba south Western—
Acres.
1,396,800
Total Grant
Sales to June 30th. 1901
Less canceled from Jan. 1st, 1900, to
June 30th, 1901
. .
543,704
4,735
538,969
250,000
Quantity of land unsold
of
of which
Interest is
O. P. Ry.:
guaranteed by
year on
£5,230,658
6 months on
300,000
190,000
15,344
174,656
1
Total land
5,536,858
£11.874.606
amounts for acquiring Mortgage Bonds of
Roads of which principal or interest is guaranteed by
C. P. Ry., pending iesue of Debenture stock
Interest on Land Grant Bonds
$669,435 24
Less: Interest on Deferred Payments on
Land Sales and proceeds of Town
8ites not covered by mortgage
212,143 44
119,683 39
457,29180
$7,305,835 49
SCHEDULE
"A."
DETAILS OF BALANCE SHEET ITEM
"Acquired Securities Hbld Against Debenture Stock
Issued.'.
& North-We^t Ry. 5 p. o. Guaranteed Stook $*,240,000
Columbia & Kootenay Ry. 4 p. o. First Mortgage Bonds. 1,277,500
Manitoba South Western Col.Rv. 5 p.o. First Mort.Bonds
72,000
North Shore Ry. 5 p. o. First Mortgage Bonds
610,766
Duluth South Shore & Atlantic Ry.—
4 p. c. Consolidated Mortgage, guaranteed
15,107.000
Atlantlo
00
00
00
67
00
3,000,000 00
5.100,000 00
6,100,000 00
certificates
Preferred Stook (constituting a majority)
Ordinary Stock (constituting a majority)
Minneapolis St. Paul & Sault 8te. Marie Ry.—
4 p. o. Consolidated Mortgage, guaranteed
Preferred Stock (constituting a majority)
Ordinary Stook (constituting a majority)
Souris Branch. First Mortgage Bonds, £400,'i00
3,993,000
3,533,400
7,066,600
1,940,6h6
Pacific Steamship First Mortgage Bonds, £720,000
3,504,000
Montreal & Ottawa Ry. Bonds
...
1,236,250
Columbia & Western Ry. 5 p. c. First Mortgage Bonds.. 5,477,500
Manitoba <fc North Western Ry. system Securities (cost) 3,312,678
Great North Weet Central Ry. First Mortgage Bonds
875,000
.
00
00
00
67
00
00
00
77
00
the
Company
In addition to the foregoing the Company will receive
lands as under
Through the British Columbia Southern Ry. about 3,350,000 acres.
Through the Columbia & Western RaUway about 2,500.000 aores.
Through the Great North West Central Ry. about 320,000 aores.
SCHEDULE "E."
CONSTRUCTION-ACQUIRED AND BRANCH LINES.
McGregor Branch
Waskada Branoh
Lac du Bonret Branoh
North Star Branch
Lake Temiscamingue Colonization Ry
West 8elfciik Branch Extension
Stonewall Branch Extension
Dyment Branoh
Crow's Nest Pass & British Columbia Southern
Vancouver & New Westminster Ry
Surveys projected lines
Ry
10.4>-5
70
97
24
52
$2,509,128 80
SCHEDULES " F and "G "-[See
SCHEDULE "H."
pamphlet
'»
report.]
DETAILS OF BALANCE SHEET ITEM.
Land Grant.
4,746,590 acres sold, amounting to. ..$15,327,379 86
6,793,014 acres disposed of to the Do-
10,189,52100
minion Government In 1886
$25,516,900 86
Less .-—Expenses,
rebate,
cultivation
3,189,248 36
Add .—Proceeds Columbia & Kootenay
Ry. Land Sales
Montreal & Ottawa Railway Bonds—
Preference
Prooeeds Manitoba So. West. Colonization Ry. Land Sales
$400,000 00
Atlantic & Northwest Railway Bonds—
Eganville Branch.
(Acquired from proceeds of Pref. Stock) .$302,400 00
.
$702,400 00
Montreal & Atlantic Railway Stock—
21.600 shares. $/, 160,000 0<> (cost)
(Formerly South Eastern Railway.)
1,489,761 94
7,884 S8
327 58380a.„„„^o,o rt « J
$22,663,120 73
'
RECEIPTS AND EXPENDITURES JAN.
TO JUNE 30th, 1901.
1st,
SCHEDULE "C."
DETAILS OF BALANCE SHEET ITEM.
Surplus revenue, as per statement:
June 30, 1«00, 6 months. .$2,855,060 83
5.736,965 11
June 30, 1901, 1 year
$8,592,025 94
Land Department—
"Miscellaneous Securities and Advances."
cuateau frontenac (quebec hotel), stock
$280,000 00
Canada Northwest Land Co Btock (oost)
518,087 27
$2,004,466 02
Net proceeds of sales
Less amounts remaining
In Deferred Payments .. 1,741,356 30
,
(Taken by this Company In 188U as one of the terms of
thesaleof 2,'i00.000aoresof land to the O.N. W.Ld. Co.)
Niagara Bridge & Real Estate
97,823 57
on lands and town
(Acquired In 1890 with view to extension of line from
Woodstock and Hamilton to Niagara Falls.)
Dominion Express Company, Stock
(This Company's Express, the stock of which Is all held
In the Treasury. Amount paid up represents cost of
original equipment and organization.)
INSURANCE PEHMIDMS PREPAID
$263,109 72
Collection o f Deferred Payments of previous years
sites.
—
_
404,018 39
113,75000
Bonusa—
Amount realized from rale
of bonds of Town of Sel-
116,909 12
Dominion Government
South Ontario Pacific Railway Stock
20,000 00
subsidy on Crow's Nest
Pass Extension
205,524 00
Company's organization for Jine, Woodstock,
Hamilton ana Niagara Falls.)
Nakusp & Slocan Railway Stock
Ontario & Quebec Railway Stock (cost)
Miscellaneous Securities and Advances
35,000 00
7,650 00
15,500 00
subsidy on Souris
Branch Extension
1 58,843
kirk
advantageous terms.)
(This
$1,204,719 96
1900,
$10,904,247 38
Cash in hand December 31st, 1899
RECEIPTS.
$2,192,16194
i-ecure
06
$22,327,652 50
'•Other Acquired Securities."
(On contraot to
54.779
73,311
57,065
1,003,625
57,582 87
Total
retired
DETAIL8 OF BALANCE 8HEET ITEM
$463,400 98
74,518 89
289,127 85
85.834 64
262,979 21
75,398 16
1,028 71
Souris Branoh— Pipestone Extension
Snowflake Branch
and 10 per cent on Land Grant Bonds
and oanceled
SCHEDULE "B."
(Acquired from proceeds of
Stook Issued In 1893)
owned by
16.104,403
1,048,641 69 $2,282,387 63
Interest on
Income
Acres.
Total Grant
Bales to June 30th, 1901
Roads
or
857,831
Columbia & Kootenay—
£6.337,748 $1,233,745 94
Issue for acquiring Mortgage
principal
44
25,000,000
Disposed of to the Dominion Government un6,793,014
der agreement of March 30th, 1886
00
1,400 00
23, SOU 00
Interest on equipment leases
1 Pkr Cent Debenture Stock.
£3,P33,748
Issue for general purposes.
Issue for China & Jap Steam.
720,000
Issue for Sourls Branch
1,004 ,000
Issue tor Branch Lines
430,000
Issue to retire Can. Cent. 1st
Bonds
3
3 20
a 15
3 19
1.006
136,333 34
Rental of Terminals at Toronto
Rental of Terminals at Hamilton
Rental Hamilton Junot. to Toronto..
Rental St. Stephen and Mllltown Ry.
Int. on Mont. & West. Ry. purchase..
mortgage bonds
3 0M
3 11
1,041
l.Oli
Man. .South Western Grant-
30, 1901.
Mortgage Bonds 5
1'tr Acre.
$615,966
1st.
1st.
Jan.
£7.191,500
$7,000 000
£1,100
Ace
,:nl.
667,128 11
$15,000 00
Dominion Government
00
British Columbia Lake and River Steamers—sale of steamers, less amount
expended In completion of additional
steamers
8?g
00
46,570 01
TBE CHRONICLE.
558
Brought forwa d
Four
$/<>,
%,),6Ss,<x)6l>6
0;.2fi
20TH, 1901.
>oonm o 1 ves
I
708
1
First
and seoond-class Passenger
iia^gage cars, and
cars,
662
115
33
Colonist Bleeping oars
Klrst-olass sleeping and dining cars
I'arlor cars, Olliclal and J'ayin asters' cars
Freight and cattle oars (all kinds)
830,000 for acquiring gu.seo'rltles.
—
0,494,472 02
£1.260,000
STATEMENT OF EQUIPMENT AT JUNE
38
—
Preferenet Block
Amount realized from tHsueof A9( 0,000
sold to meet Capital Expenditure
$4, 208,321 88
Oongohtliiittl Debenturt Sloth—
Amount rca Iced Irom lame of
£ KlO.i 00 for const, branoh Lines,
)>rr cent
[Vol. LXXIIT.
go.3R7 .893
1
fl*
981,292,141 a*
Deduct Tncreaee in Accounts Receivable—
Stations and trHlllo balances
4,266,942 27
i ,1X5.737 89
Advances pen din if issue of securities.
Miscellaneous aeourltlea and advances. 1,^04,719 96
172,36153
Due from Imperial and Dom Gov'ts....
.
20,083
Conductors' vans
863
Board, Tool and Auxiliary cars and steam shovels
886
Ocean Steamships- Empress of China, Empress of Japan, Empress of
India, Athenian, Tartar.
Luke Steamers— Alberta, Athabasoa, Manitoba.
Ferry Steamers- Ontario, Michigan.
River Steamers -Sohwatka, Walsh, Kootenay. Rossland, Lytton,
Kokanee, Slooan, Illlcllliwaet, Aberdeen, Nelson, Moyle, Mlnto,
Wm. Hunter.
Tugs— Columbia, Sandon, Yrnlr, Prooter, Valhalla, Denver.
56.779.761 65
Less,
amounts at December
5,i)14,22C 95
31st, 1899.
865.534 70
DESCRIPTION OF FREIGHT CARRIED.
*30.426,60ei 54
Dividends on Preference Stock—
2per cent paid April 1st, 1900
2 per cent paid Ootobe 1st. 1900
2 per cent p ild April 1st, 1901
Dividends on Ordinary Stock —
3 per cent paid April 1st, 1900
2>* per cent paid Ootober 1st. 1 s>00
2»« per oent paid April let, 1901
Description—
Lumber,
$1,733,993 34
—
2,413,289 89
745.891 30
1,218,104 76
ule G)
Boiling Stock, shops and maohinery
Land Grant Bonds—
Amount paid In redemption of $128,500 Bonds
Amount which was held in trust for Minn. St. P &
8te. Marie Ry., repaid to that Company
203,336
1,529,044
1,119,087
Manufactured articles, tons
5,200,000 00
253,784 21
2,509,128 80
Real Estate, hotels and buildings held by Trustees.. ..
Construction acquired and branoh lines (Schedule E).
Additions and Improvements, main line and branches,
(Schedule F)
Additions and Improvements, leased lines (Sched-
810,559
957,702,349
202,461
1,795,663
1,461,144
715,018
840,14."-, 338
feet
Firewood, oords
All other articles, tons
$1,950,000 00
1,625.000 00
1,625,000 00
June 30, 1901.
1899.
3,735,873
4,005,226
32,927,4t8
42,763,253
1898.
3.292,450
37,443,084
Flour, barrels
Grain, bushels
Live stock, head
$535,820 00
599,036 67
599.086 67
Tear Ended
Tear Ending Dec. 31.
,
EXPENDITURES.
FREIGHT TRAFFIC.
.
—Tear Ending Dec
31.
945.386
699,214,646
204,818
1,954,386
2,206,970
—
Tear Ended
-
1899.
June 30,1' 01.
7,155,813
Number of tons oarried
6.620,903
5,582,038
Number of tons oar. 1 m.... 2,142,3 1 9,887 2,539,171,900 2,383,633,945
0'74 oents.
Earnings per ton per mile..
79 oents.
76 cents.
1898.
-
471,350 00
PASSENGER TRAFFIC.
S.
1,359,629 12
Guarantees Securities acquired by saleof 4% Deb. Stock—
Manitoba & North Western Railway System Securities
$3,312,678,77
Great North West Central Railway 5 per
oent First Mortgage Bonds
876,567 31
— Tear
Ending
1898.
Number of passengers car..
Number of pass. oar. 1 m...
Earnings per pass, per mile
Tear Ended
Dec. 31.
1899.
JuneZO, 1901.
3,674,502
3,8. 8,857
i,Z'il,'99
430,4.93,139
1-52 cents.
397.U1.745
419.353,393
193 cents
179
oents.
08
$20,094,417 50
4, 189.246
Increase in material and stores in hand.
Deorease In ourrent liabilities
Cash
in
.
324,877 32
213JJ18 82
$20,633,143 64
Earnings
per
EARNINGS FOR THE YEAR ENDING JUNE
3CTH, 1901.
From Passengers
"
30, 1901.
hand June 30th, 1901
$30,426,606 54
"
"
"
"
TRAFFIC TRAIN EARNINGS YEAR ENDED JUNE
$8,0' 3,369 60
18,983,185 51
651,8*5 35
691,208 P6
Freight
Malls
Express
Parlor and Sleeping Cars
Telegraph. Grain Elevators, and Miscellaneous,
inoludlng profit on Paciflo Steamships
472,18191
1,973,452 62
$"0,«55,?0< 5^
Total
WORKING EXPENSES FOR YEAR ENDING JUNE
30TH, 1901.
$4,476, l"^ 7*
4,196,188 47
5,745,7;
55
1,661,225 04
99.348 26
447,24° 10
1,670,904 35
_ 449,058 69
$TfeV74.\828T6
Conducting Transportation
Maintenance of Way and Structures
Motive Power
Maintenance of Cars
Parlor and Sleeping Car Expenses
Exnenees of Lake and River Steamers
General Expenses
Commercial Telegraph
Total
7,765,584
10,415,831
Passenger
Freight
$225,353,616 71
SHIPS
5,791,815 86
Less amount applied in reduotion of
cost
1,668,224 69
ACQUIRED SECURITIES HELD AGAINST DEBENTURE STOCK ISSUED.
Schedule "A"
REAL ESTATE.
tees for the
34,589,455 54
2,192,161 94
Hotels and Buildings held by Trus-
Company
1,448.381 48
EXPENSES PER TRAFFIC TRAIN MILE YEAR ENDED
JUNE 30, 1S01.
Expenses
per
Deferred Payments
3,467,394 33
SITES.
Deferred Payments
185,475 05
ADVANCES.
47
55
0-231
04
35
0-03i.
$17, 849,520 41
0-C82
$4,196,1^8
5,745,730
1,661,225
6,246,376
Maintenance of way and structures
Motive power
Maintenance of cars
Traffic and general expenses
trusts, etc
MATERIALS AND SUPPLIES ON HAND
STATION AND TRAFFIC BALANCES AND ACCOUNTS RECEIVABLE
ADVANCES PENDING ISSUE OF SECURITIES.
Columbia & Western Ry
761,770 10
Kootenay & Arrowhead Ry
.373,967 79
MISCELLANEOUS SECURITIES AND ADVANCES.
Schedule "C"
AND DOMINION GOVERNMENTS,
amounts due for mail transportation,
IN HAND
etc
CASH
0-344
30, 1901.
CAPITAL STOCK
FOUR PER CENT PREFERENCE STOCK.
FOUR PER CENT CONSOLIDATED DEB. STOCK..
$65,000,000 00
31,171,000 00
60,369,082 53
1st M. bonds, 5 per oent £7,191,500 $34,999,633 33
973,333 33
Canada Central Mortgage, 6 per cent
Due Province of Quebec on Q M. O.
& O. <& North snore Railways at
4i 20 per cent
Algouna Branoh, 1st M. 5 per cent...
NorthShore Ry., 1st M., 5 per cent...
7,000.00100
3,650.
616,
d 000
U9 67
47,238,086 33
LAND GRANT BONDS.
$25,000,003 00
Amount of Issue
Less- Amount redeemed
or surrendered and
22,169,000 00
canceled
3*3 per oent Bonds.
424,144 80
236,213 19
2,924,912 76
4.266.P42 27
Interest guaranteed by
Dom. Gov't.
If, 000.0C
00
17,831,000 00
CURRENT ACCOUNTS, PAY-ROLLS AND TRAFFIC BALANCES
INTEREST ON FUNDED DEBT AND RENTAL OF
LEASED LINES.
Coupons due 'uly 1, 1901, Inoludlng
coupons overdue not presented
Accrued to date, not due
1,828,279 32
1,135,737 89
CASH SUBSIDIES FROM DOMINION AND PROVIN1,204,719 96
CIAL GOVERNMENTS AND MUNICIPALITIES.
LAND GRANT.
172,361 53
9,793,462 90
In addition to above, Company
owns 16,104,403 acres of land.
4,364,851 59
1,507,832 16
320.447 16
Net proceeds of sales of land Schedule
H
SURPLUS EARNINGS ACCOUNT
29,930,590 07
22,663,120 78
11,122,560 92
$?91,518,5T1 54
$291,518,571 54
Note.
0316
2,831,000 00
To Montreal & Atlantic Ry., secured by $500,000
1st Mortgage Bonds
To Duluth South Shore & Atlantic Railway oar
IMPERIAL
Traffic
Train Mile.
Expenses.
First Mortgage.
BALANCES DUE ON LANDS SOLD.
BALANCES DUE ON TOWN
$123
177
MORTGAGE BONDS.
4,123.591 17
OTHER ACQUIRED SECURITIES.
Schedule "B"
Ti affic
Train Mile.
18,181,415 $28,045,229 38
$154
Total
The above earnings of traffic trains include earnings from
mails, express and sleeping cars, but do not include ocean,
lake and river steamers, telegraph, elevators, rents, &c, the
net earnings from which amounted to $1,913,666 38.
CANADIAN PACIFIC RAILWAY COMPANY-CONDEN8ED BALANCE SHEET, JUNE
COST OF RAILWAY AND EQUIPMENT
OCEAN. LAKE AND RIVER STEAM-
Earnings.
$9,585,693 12
18,459, o36 26
Mileage.
I.
G.
OGDEN,
Comptroller.
Septembek
14,
THK
1901.
(
HRONI
)LR.
THE COLORADO FUEL & IRON COMPANY.
NINTH ANNUAL REPOR1
THK
To the Stockltull> n of !he Colorado Fuel <fc Iron Compan
Isubmit herewith a report of the busineu of you:
pany for the year ending June 80th, 100
The nft earnings from Operating Departments carried to
theotedit of Enoome Account were $3, 43,67 80, a deer
of $-.'07,009 89, as compared with the preceding year.
The net earnings of the Fuel Department show a dei
of $168,462 it and the iron Department a decrease of $54,-
ENDING
YK\i;
J
NE
i
757
1
47.
in the Fuel Department the production of coal inert ased
198,347 tons and of coke 11,556 tons.
The total Net Earnings from all sources amounted to
$\2 0,.532 IT, which provided for all fixed obarges, sinking
funds, etc, leaving a balanoeof $1,131,93190, which was
carried lo the credit of Profit and Loss.
The balance to the credit of Profit and Loss account is
$3,096, IT so, representing accrued and undivided profits at
the close of the current business year.
The application of Net Earnings to Sinking Funds has
been on the usual basis as regards assumed depreciation on
account of coal and iron ore mined, and an arbitrary amount
of $150,i 00 has been set aside to provide for the depreciation
in value of the steel works plant at Pu bio, and $:50,000 for
the Laramie plant,
The total amount of Net Earnings set aside as Sinking
Funds for depreciation of property is $302,359 04, and an ad
ditional amount of $04,579 46 (being two cents per ton on
all coal and ore mined) has been set aside as an Emergency
With a oontinuanoe of existing conditio
hi
Fuel and Iron Departments hould
With the blowsiderable Increase during the coming year.
ing in of the lirst of the pew furnaces the pig iron output
The price of steel rails has a Ivana
will be doubled.
of both the
I
dollars per ton over lasl y< ax, and the pi in - .,i other
ucts arc higher than the average realized lasl y< ar,
INDEPENDENT AUDIT OF
of the Fuel Department were seriously af
a strike of coal miners at eight mines, employing
The earnings
fected by
1,600 men, which were iJlemostof the time fiom January
1st to April 1st (three of the most profitable months of the
year). This strike was organized by the "United Mine
Workers " for the purpose of forcing a recognition of their
union; no demands were made until after the men had quit
work; desperate efforts were made to extend the strike to
all of the Company's mines, but they totally failed.
The
strike was declared off unconditionally, and the mines have
since been working with a full force, principally of the old
employes.
WORK9 IMPROVEMENTS.
STEEl.
The contracts
for the construction of the first of the newblast furnaces cal ed for its completion not later than April
1st, 1901, but vexatious and unavoidable delays in the delivery of blowing engines and other requisites have been
met with; the furnace
J.
1st, 1902.
The delay
in getting the fiist furnace in operation has not
only prevented the company from realizing any earnings
during the past year from the large expenditures it has been
making, but also made it necessary to purchase a large
amount of pig iron from Eastern furnaces at a heavy loss
over the cost of production in its own furnaces.
The plans for auxiliary plants to utilize, at the maximum
of profit, the increased pig iron production were submitted
to the stockholders in a circular letter dated June 6th, 1901,
a copy of which accompanies this report.
I88UE OF $15,000,000 CONVERTIBLE DEBENTURES
AUTHORIZED INCREASE OF CAPITAL
STOCK TO $40,000,000.
at
AND
At a special meeting of stockholders held July 13th, 1901,
which 235,674 shares were represented, it was unani
mously voted to increase the capital stock to $40,000,000 and
to authorize an issue of $15,000,000 5 per cent Ten Year Gold
Debentures, convertible into common stock. The purposes
of these issues were explained to the stockholders in the
circular letter of June 6th, 1901, already referred to. Ten
million dollars of the debentures have been sold, and the
first instalment of 50 per cent has been paid in.
Work on
the auxiliary plants has been commenced and will be vigorously pushed to completion.
DIVIDENDS.
All of the arrears of dividends on preferred stock have
been paid as follows
Dividends Nos. 13 and
Denver, Colorado, August
:
the year ending June 30th,
1899, 8 per cent, $160,000, were paid October 10th. 1900.
Dividends Nos. 15 and 16, for the year ending June 30th,
1900, 8 per cent $160,00it. were paid December §0th, '900.
Dividend No. 17, for the first six months of the current
year, 4 per cent, $80,000, was paid February 1 th, 190
Dividend No. '8, for 1he six months ending June 80th,
1901, 4 per cent, $80,000, has been declared payable August
14, for
-
prod-
COUNTS
>unts for the
whose cer-
i
Little,
C OSGOOD,
President.
21st, 1901.
EARNINGS AND KXPEV8E9 FOR YEAR ENDING
JUNE 30. 1901.
Compared with the year ending June
30, 1900.
1899-1900
$
Grots Earnings—
$
5,589,353 05 5,105,302 47
Fuel Department
6,2€6,87724 4,928,650 86
Iron Department
317,4*3 21
26(5,042 19
Denver Retail Departm't.
38,1'0 63
44.976 21
Pueblo Betall Departm't.
Inc. or Dee.
1900-1901.
4,66163
$
I.
Overaling Expenses—
4.620,119 64
Fuel Department
4,933,7H9 22
lion Department
313,22101
Denver Retail Departm't.
37,356 20
Pueblo Retail Departm't.
81.44102
D. 6.S-05 58
D. 396 18
5,057 81
3,967.606
3,540,805
246,865
43.166
7.484.050 58
1.338,22« 38
7.
Totals-Gross Earns. 12, 246,545 76 10,350,029 54
7.
1,896,516 22
1. 6*2,513 05
37 7.1.392,983 85
28
7.66,355 73
D. 5,809 86
06
59
Totals-Oper'gExp.. 9,904,486 07 7,798,443 30 7.2,106,042 77
—
Net Earnings
Fuel Department
969,233 41
D. 168,462 47
7> 54,757 47
7 15,085 29
1,137,695 88
Department
1,333,088 02 1,387,845 49
19,176 91
34,262 20
Denver Re'all Departm't.
814 43
1,810 15
Pueblo Retail Departm't.
5,057 81
4,66163
Miscellaneous
Iron
D. 995 72
D. 396 18
lotals-Net Earn'gs. 2,342,059 69
2,551,586 24
D. 209,526 55
199,387 89
201,90162
D. 2,516 73
Income Account... 2,142,671 80 2,349,681 62
D. 207,009 82
Less,Management...
Balance
now
completed, has been fired up,
and will be in full operation by September 1st. If no
g eater delays are met with in the second furnace, it will be
bljwn in by April 1st, 1902, and the third furnace by July
is
A'
In accordance with previous custom,
Mar have been audited by Mr. Stephen
tificate accompanies this report.
Bv order of the Board of Directors,
Miscellaneous
STRIKE.
from
>1,
OUTLOOK.
i
Fund.
1901.
olared August 21st, 1901, payable
earnings.
the
.
1
10
Carried
to
INCOME ACCOUNT FOR YEAR ENDING JUNE
$12,246,545 76
Gross Earnings from Operation
Operating Expenses
.$9,904,486 07
199,387 »9
Management
10,103,873 96
.
$2,142,671 80
67.850 67
Net Earnings from Operation
Add:
Income from Securities
$2,210,522 47
Total Net Earnings from all Souroes
Deduct: Fixed Charges and Taxes:
$71,619 16
Taxes.
Bond
30. 1901.
Interest:
&I.Co.Con. Mtg. Bonds.$203,9 .0 00
Less interest on Bonds In
Sinking Fund.. $15,800 00
Intereston Bonds
deposited with
Central Tr. Co.
3,325 00
49,125 00
C. C.
160,815 00
52,800 00
Co General Mortgage Bonds
O. F. & I. Co. General Mortgage Bonds.. 128,120 64
Interest on First Mortgage Bonds of
Grand River Coal & Coke Co subjeot
56,010 00
to which this Company holds title....
C. F.
,
$1, "41, 127
Surplus over Fixed Charges as above
Less.- Prov isions for Sinking Funds for Coal
and Iron Mined, etc:
Fuel Department Equipment
Iron Department Equipment
Real Estate:
Fuel Department
Iron Department
32,196 13
5,402 76
Personal Injury Fund
Fire Insurance Fund
Iron Department Equipment,
37,598 89
c
64, >79 46
6,000 00
24,000 00
Laramie
30,000 00
PlantFund
\
££
$
; ; ;
47
$103,800 12
160,960 03
Emergency Fund
Tnterest and Exchange:
469,395 00
f i^ol 11
22,267 07
449,205 57
.
21s<:,
1901.
Dividend No. 2 on the common stock, for the quarter end
ing June 30th, 1901, 1% per cent, $402,500, was paid July
15th, 1901, from the surplus earnings.
Dividend No. 3 on the common stock, for the quarter ending September 30th, 1901, \% per cent, $402,500, was de
$1,291,921 90
Surplus after deducting Sinking Funds, eto
Out of which were deolared the following
Dividends:
$-0,000 00
Preferred Stock No. 17
80,000 00
Preferred Stock No. 18
—
8urplus, after deduotlng Sinking Funds. Preferred
Stock Dividends, etc., carried to the credit of Profit
and Lose
loO.OiJU
ou
$1,131,92190
THE CHRONICLE.
560
OKNKKAL PROFIT AND LOSS ACCOUNT.
By
By
(Adlustraents therein for year ending June 30, 1901.)
$1,525,344 55
balance surplus Juno 30.1900
surplus for year ending Juno 30, 1901, as por In-
oome account
To dividends on
STATEMENT OF CURRENT RESOURCES AND
JUNE 30, 1901.
Cash and Conveetiiii.e Assets.
June
7">ie30,
1,131,92190
preferred stock declared during year:
Account—
Cash on Hand
Nos. 1 1 <<o l2,foryearendlng June 30, 189^+1 60,000 00
Nos. 13 A- 14,f<>ryearondlug.luue30,lK99. 160,000 00
Nos. l5c\ilC,loryearendli)gJune30,1900. 1(0,000 00
to debit
of Profit and I,oss riireot.. $111,337 38
Less: Adjustments to credit
of l'rollt and Lose dlreot.
30,546 73
80,790 65
Less:
To Balance
OilsetB
due
$2,657,266 45 $2,657,266 45
By
balance to credit of Prollt and Lose June 30, 1901,
$2,096,475 80
as per Company'sComparatlve Balance Sheet
Inc. or Dec.
$
$
$
Receipts.
$1,131,921 90
Surplus for year (balance of Income aoct.)
826,000 00
General Mortgage Bonds Issued
TheC lorado Finance & Coni-truct'n Co., Contract No. 1 4,883.6t)9 17
7,173 90
Royalty on Leased Lands paid In advance
Increase of Capital Slock
6,000,000 00
60,000 Shares Common Stock Issued... $6,000,000 00
Miscellaneous Funds
346,719 53
Payment of Taxes
11,000 00
3,141 60
Personal Injury
Fire Insurance
16,487 66
Repairing Furnaces
13.731 33
Fuel Department Equipment:
12
81nklng Fund
$103,800
Iron Department Equip.:
Sinking Fund
160,960 03
Real Estate Sinking Fund..
37,598 89
302,359 04
Decrease of Cash Assets.
Bills Receivable
447,092 71
447,092 71
Decrease of Working Capital
Henry K. McHarg, Trustee
Accrued Earnings on
Securities.
The Crystal River Railroad Co
196,402 06
3830=)
13,887 50
182,131 51
Increase of Cash Liabilities
Bills
1,1S5,136 29
Payable
Unpaid Vouchers
Unpaid PayChecks
Preferred Stock Dividend No. 18
Funded Debt (Accrued)
The Colorado Supply Company
Interest on
Decrease of Securities
9,988 Shares Trinidad Fuel Co. Stock....
59 Bonds New Mexico Ry. & Goal Co.
56
49
83
00
5,720 84
80,562 57
894,649
567,936
56,266
80,0i0
228,889
256,759
V. 27,880
Bills Receivable
Central Tnst Co., Trustee
Henry K. McHarg, Trustee
Coal and Coke on Hand at Mines
Coal and Coke on Hand at Denver....
Coal and Coke on Hand at Pueblo
Coal and Coke on Hand at Los An-
11,876
3,165
458,969
683
655
15.461
20,654
D. 447,093
7. 2,482
272
20,699
26,202
4,385
Bonds Purchased for Sinking Fund
44 CO. &I Co: Bonds
133 O. C. & I. Co. Bonds deposited with
Central Trust Co.
Cash deposited with Central Trust Co.
to release C. F.
I. Co. Bonds
<fe
7.284
284
Total Cash and Convertible Assets.9,260,100 9,127,382
Cash Liabilities.
June 30, June
Account—
Bills Payable
Certificates of
Deposit
The Colorado 8 upply Companv
The Crystal River fcallroad Co
Unvouchered Taxes
1900.
$
536,400
18,335
705.318
193.6^8
450,065
$
560
324,000 00
126,842
7,5,720
14,235
D. 225
Nil
7.80,563
7.182,132
D. 7,391
1,349,856
7.
CONDENSED COMPARATIVE BALANCE SHEET-JUNE
30,
1901.
Equipment— Fuel Department
Equpment— Iron Department
Equipment-Miscellaneous
Hospital Department
Coal Mine Development
Royalties on Leased Lands [paid in
advance
Cash and Convertible Assets (as
44,000 00
per statement
133,000 00
Total Assets
30, 1901.
30, 1900.
June
30,
Inc.orDec.
*
1°, 369,069 I. 2.773,318
3,081,689 7.689,687
3,2^0,656 7.4,602,253
D. 12,289
131,835
7.46,625
91,712
7.6,703
1900.
$
$
Real Estate
5,119,862 01
9
7.394,650
D. 9,659
7.435,284
7.132,653
7. 56,267
D. 136
7.80,000
141.750
27,99*
270.034
60.975
393,798
2,582,167 1,232,311
ASSETS.
June
132,718
Inc. or Dec.
269,663 189,100
170,161 Dr. 11,970
18,993
11,601
Account—
$8,099,494 62
7.
30,
1901.
Unpaid Vouchers
Unpaid Freight
Unpaid Pay Checks (Current Month)
Unclaimed Dividends
424
Div. No. 18, Pref. Stock -Accrued
80,000
Interest on Funded Debt, accrued
but rot due
132,562
Interest on G. R. C. & C. Co. Bonds,
accrued but not due
14,010
Unpaid Interest and Divid'ds.. $1,791
Less: Caeh in Banks to pay
Nil
same
4,791
$14.670.739 66
CaBh on Hand
$1,638,024 48
The Colorado & Wyoming Railway Co..
301,237 53
The Col. Fin. & Con. Co.. Contract No. 2. 3,180,000 CO
2,522
Compared with Yeah Ending June
Application.
D. 383
7.5,238
7.5,548
7.1,864
Fuel Department Supplies
7.12.565
150,466
163,031
Iron Department Supplies
7.409,375
916,534 507,158
Iron Department Manufaot'd Stocks. 525,523
621,878
7.3,645
Securities, Stocks and Bonds, as per
list
D. 88,194
952,123 1,040,322
The Colorado & Wyoming Ry. Co
7.301.838
32,678
334,516
The Colorado Finance & Construction Co., Contraot No. 1
206,759 5,090,458 D. 4,383,699
The Colorado Finance & Construction Co., Contraot No. 2
7.3,180,000
3,180,000
Uncollected Dividends and Interest..
D. 13,887
40,856
26,968
Total Cash Liabilities
146,594 10
7.951
48,595
99,394 10
47,200 00
Increase of Property Accounts
(See Statement, following.)
Increase of Cash Assets
153,067 7.1,638,024
399,645
D. 24,067
418,310
7.54.466
13,943
7. 1.602
/. 38
2,387
to Indi-
geles
APPLICATION OF NET SURPLUS AND RECEIPTS FROM OTHER
SOURCES FROM J ONE 30, 1900, TO JUNE 30, 1901.
30,
1^00.
1,791,092
viduals and Companies..
2,096,475 80
L.IABILITIE8
1901.
Costomerw' Fuel Department
37f>,577
Customers' Iron Department
472,777
Customers' Denver Retail Departm't
15,546
Customers' Pueblo Retail Departm't.
2,925
Customers' Los Angeles
951
Due from Individuals and
Com panl ph
$277,784
$180,000 00
To ndiustments year
[Vol. LXXIII.
16,142.388
3,771,276
7,882,909
119,546
46,62i
98,415
45,159
52,333
D. 7,174
9,260,100
9,127,382
7.132,718
37,366,417 29,134 675
7.
8,231,742
147,000 00
LIABILITIES.
Cash Liabilities Reduced
Unclaimed Dividends
Interest on G. R C. & C. Co. Bonds
Certificates of Deposit
Unvouchered Taxes
Increase of Securities
384 Shares Colorado Supply Co. Stock..
20Colorado Fuel Co. Bonds
Increase of Working Capital
Coal Mine Development
Customers and others
Central Trust Co., Trustee
Fuel Department Supplies
Iron Department Supplies
Iron Department, Manufactured Stocks
17,411 27
136 00
225 00
Fund
Profit
for
Emergencies
58,400 00
38,400 00
20,00000
452,815 93
30
11
12
81
409,375 40
3,645 19
6,703
5,111
2,482
25,498
Preferred Stock Dividends
30,
June
30,
1901.
1900.
$
$
2,000,000 2,000.000
23,OO0,OJO 17,000,000
Colorado Fuel Co. General Mortgage 6% Bonds
Colorado Coal & Iron Co.
Con. Mtg. 6% Bonds.. $3,493,000
880,000
Inc.orDec.
$
7.
6,000,000
880,000
Less—
Bonds held
81 l king
in
$778,000
Fund
Bonds depos
ited
with
Cent.Tr.Co. 133,000
Cash deposit37,965 18
37,965 18
and Loss
Adjustments
Account—
Capital Stook— Preferred
Capital Stook— Common
9,659 00
7,391 27
Miscellaneous Funds
June
560,790 65
80,790 65
480,000 00
ed with CenTrust
tral
Co. to releaseBonds. 147,000 1,058.030
2,441,000 2,765,000 D. 324,000
Colorado Fuel <s Iron Co. General
2,674,0'
2,348.000 7.326,000
Mtg. 596 Bonds
7.11,000
24,000
35,000
Fundfor payment of Taxes
Fund for payment of Pergonal In7.3.141
30.344
27,203
jury ....
7.16,488
21,276
37.764
Fund for payment of Fire Insur'ce.
15.415
7.13,731
29.146
Fund for rellning Furnaces
D. 37,965
120,090
82.125
Fundfor Emergencies
601,030 7.103,800
707,880
Sinking Fund— Fuel Depart. Equip.
291,740 7.160,960
452,700
Sinking Fund— Iron Depart Equip.
7.37,599
280,215
317,814
Sinking Fund— Real Estate
Cash Liabilities (as per statement) 2,682,167 1,232,3117.1,349,857
,
$14,670,739 66
INCREASE AND DECREA8E OF PROPERTY ACCOUNTS,
JUNE 80, 1900, TO JUNE 30, 1901.
Real estate
Hospital equipment
Iron department equipment
Fuel department equipment
$2,773,318
46,625
4,602,252
689,586
ui
.i
Miscellaneous
equipment— Decrease
$8,111,783~~4
12,288 62
Netlnorease
$8,099,494 62
32
16
94
82
.
Total Liabilities
...
35,269,942 27,609,3317.7,660,611
loss to balance, being
excess of assets over liabilities... 2,096,476
Profit
and
Total
7.571,131
1,525,345
5>7.366,417 29,134,675
7.
8,231,742
September
THE CHRONICLE.
It, 1901.
SECURITIES
OWNED BY THE COMPANY JUNE
30, 1901.
Book Value.
ijiiits.Tto oo
$1,122,300 00
$952,127 78
19,000 00
303,71
<
40i!,7
14.
JUNE
6,
None.
None.
58,000 00
Iron Company:
&
I
A
proper revenue stamp will be affixed.
COMMON STOCK AUTHORIZED
SEPTEMBER
25, 189*.
By unanimous
vote of the stockholders represented at the
meeting held on September 25, 1899, the Board of Directors
was authorized to issue all or any part of the increase of
$12,000,000 00 of common stock in payment for improvements, property or cash. The market value of the common
stock upon the New York Stock Exchange was below par,
and it was known that it was impossible to raise the funds
required by offering this stock to the stockholders at par.
The Colorado Finance & Construction Company was therefore organized among the officers of the Company and
others, for the purpose of securing the improvements in ex
change for stock, which should be issued full paid and
non-assessable.
In October, 1899, the Board of Directors of the Colorado
Fuel
Iron Company made a contract with The Colorado
Finance & Construction Company for improvements, among
which were the following:
&
Steel Woeks:
Improvements
to Blast Furnaoe " B."
Enlargements and Improvements to Rail Mill.
Iaoreased Water Supply, Including reservoir, pipe
lines,
<
-
Ai the request of stockholders representing more than
one-third of the capital stook of The Colorado Fuel
Iron
Company, a special meeting of the stockholders has
a
called by the directors, to be held in Denver, July 13. 1901.
A notice of such meeting is enclosed herewith.
At a subsequent meeting of the Board of Directors, held
on June (5. 1901. it was deemed desirable to advise the stockholders of the method in which the $'2,000,000 00 common
stock added to the capital September 25, 1899, has been
issued, and the results accomplished thereby. The President was directed to send a copy of this letter of advice to
each stockholder as a notice that in connection with the
proposed increase of capital stock and issue of convertible
debentures the stockholders will be asked at said stockholders' meeting to approve all of the proceedings in relation
to the issue of said $12,000,000 00 common stock.
blank form of proxy is also enclosed which all stockholders who approve the action of the Board of Directors
and favor the amendments to the Article* of Incorporation
mentioned in the notice enclosed are requested to execute.
Please return to the office of the C.mpany at Denver, where
ISSUE O? $12,000,000
i
|
52,00000
1901.
<t-
i
1
1J
lltCILAR LETTER TO STOCKHOLDERS
To the Stockholders of the Colorado Fuel
5, 1899, and will result in inon
the
A\y
capacity of the Steel Plant to from 160,000
of finished product to 550,000 tons, and the acq lii
the
-n
lands, o]
ixy additional coal and
.ew
mines, building ooke ovens, wasberies and otl 1 plai
It was stated in the oiroular referred to that ii w
quire ai least two years to make the propose d impi
Ail of the improvements are well under w ay towai
pletlon, and the company will have- in a short tune an
annual rapacity of 550,000 tons of finish
and will be able bo produce from its
the material
and supplies required therefor. The firs! of tbe new blast
furnace! whiob will double tbe present output of pig ii
' idto go
is rapidly approaching completion, and
is<
The contracts prointo blast in from thirty to sixty days.
vided Cor Its completion April 1st, bul unavoidable delays
have occurred.
Up to the present time but little return in the way of
earnings has been realized from the new capital ($12,0
OOn), but your directors believe that the earnings from this
improvement will, in the near future, prove the wisdom of
the plans adopted, and that in no other way could as good
dated September
8hai
Stocks.
I lalur
$116,700 00
1,167 The Colorado Supply Co
301 The So. I'uelilo HouieBtead & BuildIn? Association
15,900 00
:f,450
345.000 00
1^ Crystal River Railroad Co
600.000 00
5,000 Tlir Pueblo Realty Trust Co
147 The New Mexico Ry. <\: Coal Co. Pre14,700 00
ferred 8toek
207 The New Mexloo Ry. <k Coal Co. Com£0,700 00
mon Stock
HiDllls.
No.
58 The Colorado Fuel Co. 1 st Mort. 6 p. o.
58,000 CO
52 The Colorado Fuel & Iron Co. Gen52,000 00
eral Mortgage 5 per cent
'1
561
stand-pipe,
etc.
Extensions to System of Railway Tracks.
Minks and Coking Plants:
Opening and Equipping lion Mine at Sunrise, Wyoming.
200 Coke Ovens at sopris, Rouse, and Redstone, Colorado.
Washing Plants at El Moro and Starkville.
Eleotrlo Plant at Starkville.
New Coal Mines at Rouse, Sunshine and Placlta, Colorado.
&
The Colorado Finance
Construction Company further
paid the sum of §2,000,000 in cash. In consideration of theim prove rnents and the cash, it received $6,000,000 of the new
capital stock. The stock was issued and delivered in due
course, and the contract of the Construction Company has
been performed and accepted by the directors.
On April 4, 1901, a second contract with the Colorado Finance & Construction Company was executed under the
authority of the Board of Directors for the sale of the remaining $6,000,000 of common stock in consideration of
$3,480,000 in cash and the capital stock of The Rocky Moun
tain Coal & Iron Company.
Efforts had been made since 1893 to acquire the property
secured through the stock of The Rocky Mountain Coal &
Iron Company. This consists of 258,000 acres of land in
Las Animas County, Colorado, adjoining the most import
ant coal properties already owned, and containing, according to the report of the Company's geologist, Mr. Hills, 260
square miles of coal measures of excellent coking quality.
The tract has long be^n known as the most valuable reserve
of coking coal available to the Colorado Fuel
Iroa Company's Steel Works and coke markets. This land is subject
to S750.000 5 per cent fifty-year gold bonds, which have been
&
guaranteed by this Company.
The dates of both of these contracts afford an opportunity
for all stockholders to ascertain the advantage of the contracts, because the benefit of the improvements can be com
pared with the market value of the common stock at those
times.
The improvements secured by the issue of $12,000,000
stock were described in detail in a circular to stockholders
>
I
results
have been accomplished.
PROPOSED ISSUE OP $15,000,003 FIVE PER CENT CONVERTIBLE DEBENTURES AND $15,000,OCO ADDITIONAL
COMMON
STOCK.
The Directors of the Colorado Fuel & Iron Company now
recommend an issue of $15,000,000 5 per cent 10 year Convertible Gold Debentures and a further increase of the
capital stock of $15,000,000. This issue of debentures is designed to furnish the capital required for auxiliary plants
not before provided for, and for further diversifying the
products manufactured, and for fuch capital as is needed to
handle the increased business. The new capital will add to
the value of the present business and property of the Company, and is expected to earn an amount far in excess of the
increased charges. As is more fully stated in the notice
enclosed, the increased stock will be authorized in connection with the convertible debentures of the Company. Only
$10,000,000 of debentures will be issued at present for cash;
the remaining $5,000,000 is reserved for the acquisition of
new property.
AUXILIARY PLANTS.
Plans and estimates have been made for the immediate
construction of the fol'owing auxiliary plants:
10 50-ton Basio Open-Hearth Steel Furnaoes; Blooming Mill; 24lnch Merchant and TIn-PJale Bar Mill; Rod Mill; Hoop Mill; TlnPlate Plant; Sheet Plant; Wire and Nail Plant.
These plants will have a safe capacity of 270,000 tons of
finished products per annum.
The estimated cost of these improvements, including expenses connected with the issue and underwriting of $10,000,000 of Debenture Bonds, is $5,000,000. leaving a balance
from the sale of the debentures of $5,000,000 in cash available for working capital and future enlargements and
improvements.
A careful investigation of the markets, selling prices and
costs of manufacture indicates with reasonable certainty
that a much larger tonnage of the proposed products could
be sold in the markets tributary to the Company's works,
and that the increased profits on the finished products over
the profits obtainable on the raw products would average
per ton; estimating such profits, however, at $6 per
$
ton on 270,000 tons, would equal $1,620,000, or more than
three times the interest charge on the $10,0< 0,000 of debentures which it is proposed to sell at the present time.
Without considering the increased earnings which can
reasonably be expected from the improvements provided
for by the $12,000,900 new stock authorized September 25.
1899, and the $ 0,000,000 of debentures referred to, and
based only on current earnings, the proposed 5 per cent debentures will be a safe investment stcurity; in addition to
which the privilege of converting the debentures into common stock gives to the holder an opportunity to participate
in the expected increased earnings and advancement in the
market value of the stock whenevi r he desires to do so.
PRIVILEGE TO STOCKHOLDERS.
It is proposed to offer to the stockholders the right to
subscribe to the $10,000,000 debentures at par in proportion
to their holdings of stock— that is, $1,000 of debentures for
each 25 shares of stock held. Full particulars of such offer*
ing will be sent by mail to stockholders of record after the
proposed issue of debentures shall have been authorized.
A contract has been negotiated by the President with
Messrs. Blair & Co. of New York and the Illinois Trust &
Savings Bank of Chicago whereby they agree to purchase at
par any portion of the $10,000,000 of debentures not subscribed for by the stockholders; this contract has been ratified by the Board of Directors, subject to the auth orisation
of the debenture issue by the stockholders.
This letter is designed for the information of the stockholders. The details of the plan for tbe issue of debentures
and increase of capital stock are liable to change if the
stockholders, at their proposed meeting of July 18, 1901. so
order, and nothing said in that respect herein is intended to
bind the Company or its directors or officers.
By order "of the Board of Directors,
J, C. OSGOOD. President.
THE CHRONICLE.
562
CHICAGO MILWAUKEE &
8T.
[Vol..
PAUL RAILWAY COMPANY.
THIRTY SEVENTH LNNUAL REPORT -FOR THE FISCAL FEAR ENDING JUNE
The Directors submit to the Stockholders the following
report of the business and opera! ions of the Company for the
year ending June 80th, L 90 1, and of the condition of its
property and finances al the olose of thai year.
The operations for the year show the following results:
$12,369,012 fft
QroiB Earning
27.977, 503 32
Operating Expenses, including taxes
i
$14,39 ,509 33
174,682 67
Net Earnings
income fioiu otiii-i Bouroee
Total
Fixed Charges— Interest on Bonds
Balance
alio
i
e all
charges
..
$14,*«6,1»2 00
6,383,035 42
$8,183,15'- 58
..
During the year two dividends aggregating seven per cent
were paid on the preferred stock, and two dividends aggregating five and one-halt' per cent were paid on the common
stock, of which the dividends paid October 22d, 1900— three
and one half per cent on preferred and twoand one-half per
cent on common stock —were from net earnings of the
previous fiscal year, ending June :30th. 1900.
MILES OP TRACK.
Owned solely by this Company:
Main trnck
8eoond main track
Third main track
Fourth main traok
6,570-68
273*68
..."
l
-
>n tracks
Yi rd tracks, sidings and spur traoks
2564
Connection track*
tracks, sidings
Used by
this
and spur traoks
Company under
1*83
2-16
54*93
84*56
150*26
18*82
1*14
170*22
contracts:
Main track
Second main traok
Third main track
8,759*89
Total miles of track
The
8,505*11
jointly with other Companies:
Main tnck
Second main track
Yard
72
33 00
1,62101
Cjnncoti
Owned
-
lines of road are located as follows:
Miles
In Wisconsin
Illinois
1,70*47
347 27
Iowa...
1,783*02
Minnesota
North Dakota
South Dakota
1,12009
118*21
1,224*05
Missouri
140-27
158*94
Michigan
Total length of main track.
6, -^96-32
The line of the Milwaukee & Superior Railway, extending
from Granville to North Lake in Wisconsin, a distance of
20*08 miles, was purchased by this Company October 18, 19 0.
The extension of the Libertyville Line to Fox Lake. Illi
nois, under construction at the close of last year, and its
extension to Janesville, Wisconsin, a total distance of 63*90
miles, have been completed at a cost of $ .899,791 97.
The extensions of the line from Napa to Platte, ^outh Dako
ta, a distance of 82 miles, at a cost of $829,769 98; and from
Bowdle to Evarts. South Dakota, a distance of 40*65 miles,
at a cost of $392,181 41; and from Kelso to Crystal Falls,
Michigan, a distance of 694 miles, at a cost o( $146,608 93,
have been completed during the year.
The reduction of grades on the La Crosse Division, at a
cost of $1,054,484 57, and on the Chicago & Council Bluffs
Division in Iowa, between Marion and Preston, at a cost of
$531,635 54. have been completed and the expense charged
Renewal and Improvment Fund.
The reduction of grades on the River Division, between
La Crosse and St.Paul, to three-tenths of one per cent eastbound and west-bound, at an estimated cist of $454,000: and
to
on the Chicago & Council Bluffs Division, between Coon
Rapids and Perry, to a maximum of sixty- six hundredths of
one per cent we^t-bound, and five-tenths of one per cent
east-bound, at an estimated cost of $172,000, have been
authorized, and t^e work is now under way. The expense
of tbis work is to be charged to Renewa and Improvement
Fund.
The work of widening the gauge of the line from Reno,
1
.
Minnesota, to Preston, Minnesota, a distance of 57*77 miles,
is nearing completion.
The estimated cost is $150,000^
which will be charged to Renewal and Improvement Fund!
To secure a more direct line and one of lower grade be
tween Chicago and Kansas City, the construction of a line
from Ashdale, Illinois, to a point one and nine tenth miles
sou'h of Thomson, Illinois, a distance of 14 67 miles; and
from Muscatine, Iowa, to Rutledge, Iowa, a distance of
75*98 miles, has been begun.
These new hues, together
with the joint use of the line of the Davenport Rock
Island & Northwestern Railway from East Moline, Illinois,
to Davenport, Iowa, and of the line of the Chicago Rock
Island & Pacific Railway from Davenport, Iowa, to Muscatine, Iowa which have been acquired—will shorten the
distance between Chicago and Kansas City 3i -96 miles. The
total length of lines to be constructed is 90*65 miles, at an
estimated cost of $\866,932.
—
1901.
30,
&
The plan for redu sing the
Council
the Chicago
Bluffs Division in Iowa inoluaes the construction of a line
of low grade from a point, three and lour tenths mile^ west
of Preston. Iowa, to Green Island. Iowa, a distance of 11*90
miles, at an estimated cost of $260, 36 00.
This line is now
•
under construction.
Second main tracks are being constructed from Sabula
Junction to Green Island Iowa, a distance of 11*70 miles, at
an estimated cost of f '">. 660
and from a point three and
four tenths miles west of Preston to 13 owns. Iowa, a distance of 2*05 miles, at an estimated cost of $2 ',800.
A second main track from Marion to Martelle. Iowa,adis
tance of 12*54 miles, which was under construction at the
(dose of last year, has been completed; and second main
tracks from Portage to Madison Line Switch. Wisconsin, a
distance of 1*65 miles: and from Sparta to Viroqua Junction,
Wisconsin, a distance of 2 51 miles, have been constructed
during the year.
The construction of ore docks and terminal facilities at
Escanaba, Michigan, has been completjd at a cost of $397,
861 09, which has been charged to Renewal and Improvement Fund.
;
ROLLING STOCK.
At the
02
5
LXXIII.
close of the fiscal year ending
June
30th. 1900. the
Rolling Stock Replacement Fund amounted to $110,502 50.
During the year just closed there has been added to the
fund and charge to Operating Expenses, the sum of $339,264 23 for the co^t of the replacement of five hundred and
seventy-six cars destroyed or taken down during the year,
and there has been deducted from the fund $3,564 44, being
the excess of estimate over actual cost of ten locomotives
I
purchased and built for replacement.
There was expended of this fund, for the replacement of
ten locomotives, an 3 for the replacement of four hundred
and seventy cars, $296,956 73 -a total of $383,352 29. as follows:
10 Locomotives
1 Passenger Coach
1 Passenger and Baggage Car
1 Baggage Car
30} Box Cars
1:27
4
20
2
5
$86,395
7,488
3,893
2,820
184,4«1
Stock Cars
Flat Cars
Refrigerator Cars
Vegetable Cars
Ore Cars
.
„
56
19
25
76
28
77,05159
2,273 22
14,837 35
1,4^)8 90
2,902 24
The unexpended balance of the Replace ment Fund June
30tb, 1901, amounted to $62,850 00-which is sufficient ta
repl ce the shortage of one hundred and thirty-seven cars
as shown by statement on page 38 of pamphlet report.
There has been charged to Operating Expenses during the
new cars purchased and built, the sum of $1,111,-
year, for
255 56, as follows:
2 SleepiDg Cars
699 Box Oars
123 8tockCars
vi98 Vegetable Cars
295 Ore Cars
230 Refrigerator Oars.
48 BallastCars
$38,069 40
369,736 27
74,6 24 76
209,925 74
171,232 38
170,«29 *>1
31,597 34
2 Ballast Plow Cars
3 Steam Shovels
1 Snow Plow
The average number of freight cars
901, per mile of road was 5 72.
There were in freight service June
1,343
80
21,93135
2,265 00
in service
30,
June
30,
24,814 cars
1891,
with a carrying capacity of 466,671 tons, while on June 30,
1901, there were 37,733 cars with a carrying capacity of
925,109 tons.
CAPITAL EXPENDITURES.
charged to cost of road and equipment dobing yeab
Ending June 30tu, 1901.
Expended during the year ending June 30th, 1901:
Construction of New Lines
$2,113,641 93
46,859 82
onstruction of Second Main Traok
134.753 16
RealEstate
Amount expended from
the Earnings of
the Company, and oarrled as due the
Treasury in the last Annual Report
$2,295,254 91
Rxpended during the year ending June 30th, 1901
Construction of New Lines
$Z,18e,^2^ 21
Construction of Seoond Main Track 256,337 08
RealEstate
Purchase of Milwaukee <fe Superior Ry
New Locomotives and Cars.
Purchase of Chicago & Pao. RR. Co. Stock.
105,214
341,174
869,720
25
96
83
82
00
—
shown by detailed statement on page 35
pamphlet Report
90
$6,054,056 81
67,904 62
Sundry Credits
Total as
3,758,80'.
of
$5,986,152 19
RENEWAL AND IMPROVEMENT FUND
credited to Renewal and Improvement Fund,
and deposited to oredlt of Company in New York and
$6,335 OO0O0
Chicago, to June 80th. 1901
2i8,763 80
Interest received on balances
Amount
Total
$6,553,763 80
September
14,
THE CHRONICLE.
1901. J
Expenditures
For Elevailon of Tracks In Chicago
Chicago Si Milwaukee Division
Council Bluffs Division
Chicago
The Guaranty Fund June 80th,
now $868,606 35— an inorea
:
is
$5:51,300 87
180,948 06
«Jfc
For Third and Fourth Main Tracks
Chicago & Milwaukee Division
For Reduiiux Grade and Improving Line
$712.2
B
ed a> folio*
Cbloaco Milwaukee
a Crosse
145,224 46
Chicago &
Kiver Division
For Esoanaba Docks and Terminal Facilities
For Cost of Second Main Tracks In excess of #10,000
per mile provided by the terms of the General Mort.
Foi Change of Line, Redtleld, South Dakota
For Change of Gauge, Preston Branch
For Replacement of the bridge over the Mississippi
River between St. Paul and Minneapolis with a
897,864 09
14.ti,l
7,000
o
•
4/0000
....
5
'i.ooooo
$562,000 00
11,
00 00
,0 00
i«onds
Oo.
akots & Great Southern By. Co. 5% bond
Chicago Burltna-ton A Qulncy RR, 0b. i% bond*
bonds
1.
timore As Ohio BR. Co.
Northern Purine Ry, Co. j'" bonds
Milwaukee & Northern kk. Co. «% bonds
Southern Ry. Co. 6
Fargo
Kansas Oltr Belt Kj
,
I
,<
:
3^%
,
24,479 is
28,573 30
bonds—
1,000 00
10,00000
Southern MininM.m Division ti%
l.a
roam & DavenuortDlv ilon 5
Chicago & Paclflo Western Division
578,937 10
46,804 27 1,680,225 94
Council Bluffs Dlv. In Iowa.
It
|
Uv
i
:
#1,054,4 84 57
l>i\l-l,>n
was
..rial Mortgage *
.
..li.l.C ,1 M.
:
1
Paul Rj Oo.
1900
50.0,
50. 00
1
3*,o'<ooo
&
6,894 70
double-track structure
V
,000 00
'000
Par value of bonds
of annual Interest
Amount
Total Expenditure
to
00
38,070 CO
$3,141,689 82
Unexpended Balauoe June 30th, KOI
CAPITAL
$3,412.073 98
EARNINGS.
8TO' K.
At the olose of the hist fisoal year the share capital of lie
to $87,601 ,501 and consisted of $ I'M") I.
9C0 of preferred stock and $47,146,600 of common stuck.
It has been increased during this fiscal year by $4,203,500
of preferred >t ck and $2,1)00 of common stock, issued in
exchange for the same amount of convertible bonds canceled.
The Company has sold to its stockholders of record t lie
Uth of March, 1901 , 86,732 shares of the common stock of
this Compiny at par, to reimburse the Treasury for amount
expended from earnings for construction of various lines,
for real estate, etc., to December 31st, 1900—$4,522,520 25;
to provide funds for the shortening of the Kansas City Line
— $2,806,932 OC and for other construction purposes and
additions to the property.
The total amount of capital stock at the close of the year
The results from operation of your Company s lines during
the year ending June 80, 1901. compared with the previous
year, show an increase of $184,3.0 65 in gross earnings, a
deorease of $448,883 60 in operating expenses and an increase of $027,654 34 in net earnings.
The earnings from freight traffic were $31,357,992 49—
01 per cent of total earnings— an increase ol $137,775 22,
;
or 14 per cent.
The number of tons of freight carried was 18,010,683- an
increase of 253,264 tons, or 1-13 per cent.
The increase in number of tons of freight carried was in
the following commodities: flour and other mill products,
L9,344 tons; corn, 18,027 tons: flax seed, 1,900 tons; hay,
12,277 tons; fruit and vegetables, 12,054 tons; live stock,
62,592 tons; dressed meats and other packing house products, 37,«65 tons; other animal products, 18,458 tons; an-
is $100,480,200.
thracite coal, ll 9,688 tons; bituminous coal, 144.430 tons;
ircn and other ores, 49,975 tons; stone, sand, etc., 50.249 tons;
salt, 27,183 tons; lumber, lath and shingles, 48,606 tons;
sash, doors and blinds, 1,175 tons; petroleum and other oils,
4,851 tons; castings and machinery, 6,104 tons; lime, cement and plaster. 542 tons; brick, 12,449 tons; wines, liquors
and beers, 28,437 tons; household goods and furniture, 8.529
tons, and other manufactures, 81,908 tons.
t
Company amounted
:
—
The amount
of capital stock per mile of road
is
$15,232 77.
FUNDED DEBT.
At the
close of the last fiscal year the funded debt of the
Company was $131,147,000.
It has been increased during this fiscal year by the issue
of $92,000 of General Mortgage Bonds, and it has been decreased $4,297,500 by underlying bends retired and canceled,
as shown on page 20 of pamphlet report.
The funded debt at the clore of the fiscal year ending
June 30tb, 190', was $12(5,941,500- a decrease of $4,205,500
since last report.
The amount of funded debt per mile of road is $19,244 29,
on which the interest charge per mile of road is $990 34.
The total capitalization of the Company per mile of road
1,477 06.
I
!
The following commodities show a decrease from the previous year: wheat, 44,323 tons; rye, 4,310 tons; barley, 47,8! 4
tons; oats, 81,125 tons; other agricultural products 7 ,481
ton«: coke, 4 234 tons; other forest products, 196.800 tons;
iron and steel, 60, Oi 7 tons: agricultural implements, 15,516
tons; wagons, carriages, tools, etc., 3.523 tons; paper, 710
1
,
and commodities not specified, 38,036 tons.
The number of tons of all agricultural products carried
At the close of the last fiscal year the amount of the during the year was 5,0 8,974 tons a decrease compared
Company "s bonds in its treasury and due from trustees was with the previous year of 93, v 5l tons, or 1*84 per cent.
Agricultural products comprised 27-87 per cent of the total
$8,891,000.
This has been increased during this fiscal year $92,000, as tonnage carried, as compared with 28-79 per cent of the total
follows: $56,0.
General Mortgage Bonds received for un- tonnage of last year.
The number of tons of commodities other than agriculderlying bonds canceled by sinking funds, and $36,000 for
tural products carried during the year was 12,991,709 tons
underlying bonds paid and canceled.
$4,000,000 of General Mortgage V
per cent Bonds and —an increase compared with the previous year of 317,115
$100,000 of General Mortgage 4 per cent Bonds have been tons, or 2 75 per cent- the per cent of the total being 7213
tons,
TREASURY BONDS.
—
.',
-
sold during the year.
Bonds in the treasury or due from Trustees, June 30th,
1901, amount to $4,883,000. as shown on page 24 of pamphlet
report.
Of this amount $224,000 are General Mortgage 4 per cent
Bonds, §3,570,000 are General Mortgage 3% per cent Bonds,
and $1,089,000 are Milwaukee
Northern R.R. Co. Consolidated Mortgage 6 per cent Bonds.
These treasury bonds represent actual expenditures for
&
extensions, improvements, additional property and underlying bonds paid and canceled.
BONDS IN INVESTMENT ACCOUNT.
At the
close of the last fiscal year the amount of bonds
purchased by the Company and held in Investment Account
for Sinking Fund purposes was as lollows:
5 First Mortgage Bonds, Wisconsin Valley Division
$5,000 00
51 First Mortgage Bonds, Dubuque Division
51,000 00
Total
$56,000 00
These bonds were canceled during the year through the
operation of the Sinking Fund.
INSURANCE DEPARTMENT.
Cashonhand June
30th. 19C0
Receiuts during ihe year:
Premiums
$124,341 27
Income from Investment of Guaranty Fund 85,657 23
Payments dui ing the year
$34, TOG 58
159,998 50
244,105 08
For Losses
$22,893 85
For Expenses
3.977 16
For $100,000 of C. M. & St. P. Ry. Co. .%
bonds
;.
no,062 fO
For $38,000 of Mil. & Nor. RR. Co 6% boDds 46,017 50
For $2,000 of Fargo & South. Ry. Co. 6%
D °«>d8
;.
2,737 50 185,688 51
Cashonhand June
30th, 1901
*5«.416 57
per cent against 71 "21 per cent last year.
The number of tons of revenue freight carried one mile
was 8,639,977,9 9 an increase of 282,521,335, or S4I per cent.
The revenue per ton per mile was -8615 cents a decrease of
•0684 cents, or 7"86 per cent.
The average miles each ton of
revenue freight was carr ed was 202-10 miles— an increase
of 13 03 miles, or 6-89 per cent.
The number of tons of revenue freight carried per loaded
car was 12-937, against 13-199 last year- an increase of 6-05
per cent. The number of tons of revenue freight per freight
last year- an increase
train mile was 236-55, against 209'
of 3-13 per cent.
The revenue from freight per freight
train mile was $-3-038, against $ -944 last year— an increase
of 484 per cent,
The average rate per ton per mile received for freights
for a series of years past has been as follows, viz.:
-
1872
1873
1874
1875
2-43
109
1887
18*8
1889
1890
ots.
250
2-38
1
059
1876.
2 04
1-91
0995
10 3
1877
1878
208
180
1892
1893
1894
.1-0.-7
1879.
18"0.
1881.
1882.
1883.
1884.
1885.
1886.
2 10
.1-72
.1-76
.1-70
.1-48
.1-39
.1-29
.1-2S
.1-17
19i
1901
The earnings from passenger
$7,939,215 76—
1
traffic
8-74 per cent of total
026
1026
1895....
'896
1897
1898
1899
OtS.
1-006
1*075
1-003
1
008
0-978
9o7
0930
.061
during the year were
earnings—an increase
The
of §240, 7('2 25 over the previous year, or 3 3 per cent.
a decrease of
a 8,319,227
number of passengers carried
The number of passengers carried
358,595, or 4-13 per cent.
one mile was 841 ,643,593 an increase of 13,465,076, or 4.0
per cent; the revenue per passenger per mile was 9 3.'4
cents- a decrease of '022 cent, or -'.'4 per cent- the average
w
THE CHRONICLH.
56
miles eaofa passenger was oarried was 41-07 miles—an increase of 8'2fi miles, or 8*59 per cent.
EXPENDITURE.
The expen
$6,505,864
t>7:
Gteneral Ex
'ranspoi-tatimi. 118,882,064 48;
Transport)
peases, including Taxes, |2,2l'8,59408; Renewal and improvement Aooount, K 1, 85,000 00; rid Additional lv|iiipinent,
$1J 11,255 86.
There was a decrease in expenditures for Maintenance of
Way and Structures of $997,516 50; for Maintenance of
Conduoting
Equipment
Account of
;i
Improvement
Equipment of
of |28,94t 68; for Renewal and
$865,000 00, and for Additional
expenditures for
Conducting Transportation of $1,170,497 54; and for General
Expenses, Including Taxes, of $186,676 28
In the expenditures pertaining to Maintenance of Way
and Structures, there was a decrease in the following items:
Roadwav, $510,645 94; Rails, $315,024 83; Bridges and Cul
verts, $233,819 55, and Buildings and Fixtures, $1,086 34;
and an increase in Ties of $51,) 49 20; and in Fences, Road
Crossings and other items of $14,910 %.
The expenditures for Roadway include the amount of
$244.965 30 tor 54-34 miles of new passing, side and spur
tracks; $50,004 98 for ballasting on lines not previously ballasted; and $4 \ 548 87 for reducing grades except on the
La Crosse, Council Bluffs and River Divisions, the cost of
$864,049 88,
There was an increase
in
—
which was charged to Renewal and Improvement Fund.
The expenditures for Rails include 27,747 tons of new
During the previous year
steel rails, costing $759,848 56.
new
steel rails were laid, costing $1,587,667 18.
of this decrease is due to the delay in delivery by the mills. The weight of steel rails used in re
newals is 75 pounds and 85 pounds per yard.
The Expenditures for Ties include 1,819,863 new tiescosting $787,406 37. During the previous year ) ,827,838 new
ties, costing $775,581 02 were placed in track.
The expenditures for Bridges and Culverts include the
total cost of 74 stetl bridges, aggregating 6,024 feet in length
replacing 4,919 feet of wooden bridges, 927 feet of iron
bridges and 178 feet of embankment; the tilling of about
4*72 miles of pile bridges with earth —224 bridges having
been completely filled and 84 reduced in length by fiding,
and the replacing of 430 wooden culverts with iron. The
cost of these above the cost of renewal in the original form
was $264,330 78.
The expenditures for Buildings and Fixtures include the
sum of $9,263 55 for the completion of new structures which
were under construction at the close of the previous fiscal
year.
The expenditures for Maintenance of Equipment include
the amount of $335,699 79 charged to Operating Expenses, to
to replace the loss of equipment during the year, as against
$527,609 48 charged during the previous year.
In the expenditures pertaining to Conducting Transportation there was an increase, as follows: Engine and Roundhouse Men, $157,466 77; Fuel and other supplies for Loco
motives, $502,857 75; Train Service and Supplies, $87,119 98;
Station Service and Supplies, $75,857 42; Switcumen, Flagmen and Watchmen, $61,480 03; Switching Charges. $101,920 42; Rents of Tracks and Terminals, $34,511 05; Outside
Agencies, $57,298 07; and in all other Expenses under this
head, $111,986 05.
The average cost of Repairs and Renewals of Loco notives
during the year was $947 72; of Passenger Cars $568 38, and
62,624 tons of
The payments of the Company for labor directly employed
in its service during the year were $15,916,128 78, as com*
pared with $'5,502,781 90 last jrear; and for material and
supplies, $9,801,115 49, as compared with $11,647,680 05 last
year.
of .Maintenance of W.-iy and Structureswere
of Equipment, $8,024,725 '8;
Mai
Maintenance
1
A large portion
—
The Board lias continued the policy of making improvements and additions to the property, and including thein in
Operating Kxpt n
Tbe principal items of improvements and additions to
property which have been charged to Operating Expenses
during the year are as follow-:
Renewal and Improvement Fund. $1,185.000 00: Additional
Equipment. $1,111,355 56; new passing, side and spur tracks,
$244,965 80; ballasting lines not heretofore ballasted, $50,004 98; strengthening bridges, $4,55100; replacing wooden
and iron bridges with steel bridges, filling pile bridges and
openings and replacing wooden culverts with iron - excess
of cost over renewal in original form. $261,330 78; new fences,
$9,389 51; new freight and passenger stations and other
station buildings— excess of cost over cost of former structures-$2l5,796 73: additional machinery, $24,137 72: improvement of grades and alignment, not charged to Renewal
and Improvement Fund, $43,548 87; a total of $3,152,980 45.
The amount thus charged to Operating Expenses, if deducted therefrom, would reduce the percentage of Operating Expenses to Gross Earnings to 55-42 ,per cent, exclusive
of taxes, which are 317 per cent of Gross Earnings.
In addition to these principal items there has been a large
amount charged to Operating Expenses for additional
weight of rails, fastenings and frogs
repairs of cars and
engines used in construction
filling trestles with earthwork widening cuts and embankments; raising embank;
;
;
ments
;
drains,
surfacing and ditching arch and box culverts and
These items are sometimes charged to Im;
etc.
provement.
No charge has been made in the cost of construction of
any lines, of rental of engines or cars, or of any repairs of
engines or cars used in construction, or of any proportion
of the general expense of the Company; nor is any credit
made to earnings for the transportation of any material for
the construction of new lines or for improvements on existing lines.
STATEMEST OP INCOME ACCOUNT, JUNE
The amount paid the United States Government
Internal Revenue Tax during the year was $62,253 08.
for
1900, viz
:
$224,2*S.832 69
2,170,503 25
Net earnings
Income from other sources
$14,391,509.33
174,682 67
Netrevenue for year end'gJaue30, 1901. $14,566,192 00
Interest accrued daring
the year on funded debt. $8,383,035 42
Di vldend payable April 25,
1901, from net earnings
of fiscal year ending
June 30, 1901, viz.:
3*2% on $tl,003,900-Preferredstook
1,435,136 50
$47,148,600 -Commonstock
1,414,458 00
3% on
9,232,629 02
5,333,562 08
$17,626,229 24
Credit balance June 30, 1901
30TH, 1901.
Capital Stock— Preferred
Capital Stock- Common
CR.
$14,658,400 00
55,821,800 00
$100,480,-200 00
126,941,500 00
Funded Debt
589,073 72
Wisconsin Valley Division Sinking
<fe Trust Co.. Trustee..
Depositaries of Renewal Fund —
United States Trust Ca, New York $1,635,778 82
Union Trust Co., New York
1,478,682 30
Continental National Bank, Chicago
297,612 86
Mort. Bonds of Company, unsold, held
in Treasury, and due from Trustees. $3,794,000 00
Mil. & Nor. RR. Co. 6%Con.M. Bonds,
unsold, held In C. M. &So.P.Treas'y 1,089,000 00
4,883,000 00
4,700 00
in Treasury
1
633,184 51
633,184 51
409 08
3,412,073 98
10.000 00
3,217,291 29
Insurance Department
Stock of Material and Fuel
$20,997 99
612, 86 52
Fund
Dubuque Division Sinking Fund
44,110 79
Farmers' Loan
Due from Agents and Conductors
Due from Transportation Companies.
2,594,586 50
Balance July 1,1900
$12,292,667 16
Gross earnings for the year ending June
30, lfOl
$42,369,012 65
Lessoperating expenses, Including taxes 27,977,503 32
DR.
Company
$14,887,253 66
3»s% on $40.454 ,900 -Preferred etook.. $1,415,921 50
2^% on $17, 146,600— Common stock.... 1,178,665 00
GENERAL ACCOUNT, JUNE
Cost of Road and Equipment
Bonds. Stock, etc., or other Companies
New England Trust Co.— Bonds and
Cash, held in Trust, for Dub. Div.
and Wis. Val. Div. Sinking Funds...
Cash held in Special Trust for Dubuque Division and Wisconsin Vallej Division Sinking Funds
£0, 1901.
Credit Balance. June 30, 1900
Dividend payable Oct. 22, 1900, from net
ear* ings of lisoal year ending June 30,
Balance for the year ending June 30, 1901
of Freight Cars $26 79.
Stook of
[Vol. LXXIII.
Sinking Fund, Income Convertible
2,100 00
3,412,073 98
62,850 00
Bonds
Renewal and Improvement Fund....
Replacement Fund — Cars
Pay-Rolls and Vouchers.
Due Transportation Companies
Miscellaneous Balances
Dividends Unclaimed
interest Coupons not presented
Interest Accrued, not yet payable,
Inoluding interest due July 1st
Income Account.
'
2,909,119
370,288
1,012,524
68,085
60,561
78
53
78
58
11
2,887,117 50
7,307.697 28
17,626,229 24
24
31
Miscellaneous Balances
86
Due from United States Government.
73
Deferred Payments for Common Stock 2,206,650 00
Cash on hand
13,518,176 07
$712,912
258.564
792.174
357,362
17,845,840 21
$256,465,835 01
$256,465,835 01
September
THE CHRONICLE.
14, 11)01.]
565
officers and employes Of tinumpatiy muoh
due for the faithful and efficient manner in which
To the
During the i>;i>t year the Company has sustained the lot
by death of its Director, Mr. Philip l). Armour, and by order
of the Board of Directors the following minute was entered
upon the records of the Company:
"In the death of Philip D. Armour this Company has mintulnert a
§reat 1<>88. He was elected a Dlreotor In 1885 and nerved until IiIh
eath. His relations with the members of the Boam whs most pleasant
and cordial. He was always ready to give his time and attention to
tfie consideration of the affairs of the Company and brought to n tare
is
(
<
n-dit
I
have performed the duties assigned them.
For details of operation, reference is made to the state*
meats of the General Auditor, appended hereto.
By
A.
order of the Board of Directors.
J.
BOSWELL MlLLKB,
Chairman of
Earlinu.
Kood judgment, breadth of view, and the experience of a successful
life.
He was loyal to the interests of the Company and served them
with a fidelity and devotion that could not be exoslled."
President.
August,
the
li
>ard.
1901.
CHICAGO GREAT WESTERN RAILWAY COMPANY.
NINTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
To
The Directors submit the following
PAKT
Preferred Stock
Preferred Stock
Stock
report:
I.
The Gross Receipts from
This Tear.
Year.
92951
92951
Inc. or Dec.
$
$
$
7,013,86169 6,721.037 06 7.292,824 63
Operating expenses have been. 4,831, 515 48 4,490,223 01 7.341,292 47
all
sources have been
Balanoe over Oper. Erpen's. 2,182,346 21 2,230,814 OS D. 48,467 84
204,00000 204,000 00
Taxes
1,978,346 21 2,026,814 05 D. 48,467 84
Net Earnings
7.315 03
7,545 76
7,230 73
Gross Receipts per mile
7. 367 18
4,830 74
Operating Expenses per mile.
5,197 92
219 47
219 47
Taxes per mile
7). 52 15
Net Earnings per mile
2,128 37
2,180 52
Operating Expenses to earn66-81
1.2-01
6888
ings, Iperoentage
The
The
The
The
B
Gross Receipts have increased 4*36 per cent.
Operating Expenses have increased 7*60 per cent.
Net Earnings have decreased 2*39 per cent.
Freight Earnings have increased $184,112 58, or 3-59
per cent.
The Passenger Earnings have increased $92,231 04, or 6"78
per cent.
The other earnings have increased $16,481 01, or 7 '09 per
Last Year. This Year.
Increase
P.Oent.
Last Year. This Year.
Gross earn, from passengers.$l, 359,908 $1,452,139
No. passengers oarrled 1 mile.61,255,609 66,052,117
No. miles run by pass, trains. 2,076,461 2,191,819
29-5
Aver. No. pass, per train mile
3013
Av. earn, per pass. tr. m.(ots.)
75
754
2-03
Av. rate per pass Derm, (cts.)
201
44-22
44*91
Av.dist. each pass was car. (m)
Increase. P.Oent'
6-78
$92,231
7-83
5-55
2-14
0-53
4,796,508
115,358
063
0-4
-
D.
D.
002
69
7).
100
1-54
8TATI8TIC3 OF OPERATING EXPENSES.
67 of Car Trust
"
"
00
"
"
96
bearing 7 per cent.
"
"
6 "
"
"
5 "
"
"
12 Sterling LoaDS,
6 «'
"
«•
00 Note 8,
5 "
70 for Rolling Stock purchased.
80 for Real Estate purchased and Additions and Improvements to the Permanent Plant.
102,952 00 for Additional Terminals in Kansas City, held by tbe City
$886,496
70,000
363,125
969,212
550,000
627,093
748,136
Expendedformaintenance of
way per mile of road
$879 54
$999 84
No. of ties used In renewals..
159,775
198,645
Number of tons steel rails
used In renewals
14,507
9,496
Exp. on maint. of equipment. $818,312 $654,503
Exp.foroond*gtransportat'n.$2, 481,085 $2,637,343
The largest Items of the cost
of transportation are coal
and wages:
Costofooal
$608,028 $707,226
Tons of coal consumed
355,873
380,455
Average oost per ton of ooal
$1698
$1-860
Wages of train and enginemen, flagmen &watohmen $863,995 $908,540
Wages of telegraph operators and station men
$442,625 $139,993
Expended for traflio agencies
and advertising
$192,076 $201,587
'Expended for general exp.. $381,212 $408,718
Liabilities,
"
•«
Terminal Railway Company owned by the Company.
Common Stock was issued in exchange for
Stock and Income Bonds of the Chicago St. Paul & Kansas
City Railway Company, in pursuance of the plan of reorganization.
The
$7,400 of
INTEREST
AND DIVIDENDS PAID ON
STOCKS.
Two semi-annual interest payments of two per cent each
on the i% Debenture Stock, making four per cent for the
year.
Two semi-annual
Preferred Stock A,
dividends of 2% per cent each on the
five per cent for the year.
making
The following
a statement of the present authorized
issue of the various classes of stock, the amount outstanding
is
and the amount issuable:
Authorized.
Debenture Stock
Preferred Stock
Preferred 8tock
Common Stock
A
B
$120 30
13-68
38,870
2432
5,011
$36,191
$156,258
52-77
Outstanding.
$21,826,589
11,304.500
7,468,090
21,315,545
$85,000,030
$81,914,724
Still
Issuable.
$8,173,411
3,695,500
2,531,910
8,684,455
$23,085,276
The laws authorize the stockholders by a vote of at least
two-thirds in amount, of all the various classes of stock, at
a special meeting called for the purpose, to increase the
authorized issue of stocks, but a contract with the Manhattan Trust
Company
as Trustee prevents the issue of either
Debenture or Preferred Stock A until further authority is
given by a vote of these two classes of stock at a separate
meeting of the holders of Debenture and Preferred Stock A,
585
6 30
INDEBTEDNESS.
The Company has no bonded debt. The following is a
statement of the Company's indebtedness, except current
accounts pertaining to operation, on the 30th of June, 1900,
and on the 30th of June, 1901
Car Trust Liabilities/7
6
5
Loan due 1901, 6
Stg.
$99,198
24,582
1631
$0162
10 00
$44,545
514
2,632
-59
$9,510
$27,507
4-95
7).
$30,000,000
15.000,000
10,000,000
30.000,000
collectively.
Last Year. This Year. Increase. P.Oent.
9-29-51
Number of miles operated
929-51
Expended for maint. of way. $817,538 $929,364 $111,826 1368
690
722
*The increase In general expenses represents thejoost of the refundng operations of the year.
Company is represented by
has no mortgage indebtedness.
of the
STOCKS OUTSTANDING.
of the various classes of stocks outstanding
on the 30th of June, 1900, and on the 30th of June, 1901, and
the increases during the year, are as follows:
p.
p.
p.
p.
p.
c
o
o
c
1902. 6
c
Gold Notes " 1903, 5 p. c
1904, 5 p. c
Loans at various dates, 5 p. 0.. .
'
'
Totals
Car Trust Liability, 5 p. c,
ated since Juue 30, 1900
June jot h,
June 30U1,
1900.
190 i.
$886,497
70,000
35?, 126
969,697
484,848
1,124,^4-2
808,333
550,000
Decrease.
$886,497
70,<J00
353.126
969,212
$185
484,848
1,124,242
80S, 333
550,000
$5,246,744
$2,417,909
$2,828,835
439,000
366,476
72.530
cre-
Totals
$5,685,750 $2,784,385 $2,901,365
total indebtedness of the Company is, at the end of
Fiscal Year, $3,784,884 88. The only Car Trust out-
The
the
standing has a balance payable of $300,475 81 and provisions
have been made for retiring it within the next few months.
ANNUAL RENTALS
II.
CAPITAL AND CAPITAL EXPENDITURES.
The amount
7,400 00
:
Totals
PASSENGER STATISTICS.
It
11,304,500
7,468.090
21,315,545
CAPITAL POWERS.
3-59
Gross eamingsfrom freight.. $5,123, 659 $5,312,771 $U34,U3
No. tons freight oarrled 1 m.70o924174 833799170 126874996 17-94
No. miles run by freight trains 2,707,988 2,663,964 7). 44,024 7>.l-60
Aver, pay load to each freight
261
313
train mile (tons)
52 2003
$0-10
5-29
$1-99
Av. earn, per fr'ht train mile.
$189
Av.ratepertonpermile (cts )
072
64
D.O 087)1111
301-68
314-52
Av. dist. each ton was oar. (m.)
1284 4-25
four classes of stock.
$5,145,556 00
600 00
A
Company has paid
FREIGHT STATISTICS.
The permanent Capital
Increase.
$2i.H2tf,589
$56,761,168
$61,914,724
$5,153,556 00
With the proceeds of $5,145,556 of 4* Debenture Stock and
Stock, issued during the year, the
the $600 00 of Preferred
cent.
PART
June 30,1901.
Totals
Preceding
of miles operated
30, 1900.
$16,681,033
11,303 900
7,468,090
21,308,145
A
Common
OPERATION.
Number
June
Stocks—
Debenture 8tock
the Shareholders:
30, 1901.
The following
is
PAYABLi:.
a statement of the rentals payable
1900.
For
For
For
For
Chicago Terminals
Des Moines Terminals
Dubuque Bridge
lflOi.
:
Increase.
$192.072 97 $203,526 15 $11,153 18
12,58168
14,088 78
1,507 20
30,000t0
30,000 00
Running Powers on 7178
miles,
including
River Bridge
Totals
Missouri
135,706 83
$370,361 38
137,201 35
1,494 52
$381,816 28
$14,454 90
THE CHROMCLK.
566
INTKUK8T PAID ON INDEBTEDNESS.
During the last three fiscal years tin- Company has paid
interest on indebtedness ami Car Trusts as follows
:
Indebtednes$. Oar Truitt.
ending June, 1899 $280,(149 87 **6.9?0 13
Toiul.
8875,619 BO
Year
3Bx,s>i69
il Year ending Jnne. 1900
Flsoal Tear ending June, 1901. 176,67560
98,669 hi
353, ill 11
55, 8-S20
232,463 86
Approximate
$2,800 00
$128,519 68
Flsoul
for
next year
$125,719 68
During the year the Company
lias
ing Rolling Stook:
Box Cars
'95
Furniture 0<trs
200
795
^9
26
The cost, including $18,154 50 paid on account of purchases made in the preceding year, and $18,861 07 paid for
air brakes, etc., applied to the older equipment, lias been
1998,569 51.
Passenger and Baggage Cars
Locomotives.
ROLLING STOOK AND CAR TRUSTS.
At the date of the last Annual Report the Company
owned Rolling Stock whloh was tree from encuui$2,799,019 4 9
branoes, which coot
And possessed Rolling Mock, encumbered with $1,309,622 63 of Car Trust obligations and liens, which oost.. 2,401,872 80
the $1 ,309,622 63 of Car Trust obligations have been
paid, the Company now owns, free of encumbrances,
$5,200,892 29
Rolling Stock costing
Add to thisthe purchases during the year as above stated,
As
encumbered by $366,475 8lof Car Trust liens
Makes the
993,569 51
$6,194,461 80
total oost
t
:
(1)
r2 1
(3)
(t)
ADDITIONS AND IMPROVEMENTS TO THE
PERMANENT PLANT.
Chicago
Obloago
Chicago
Obloago
and Bt. Joseph Kiinsas City
and Omaha
and Hloux City
and 8t. Paul-Minneapolis
Also the following cross lines
()
purchased the follow-
LXXIII.
Willi only 1,804 miles to Operate, it will make the following links in ran -ont inental trail jportation between important commercial centres
(5)
ADDITIONS TO ROLLING STOCK.
[Vol..
Bt Paul Minneapolis
Bt Panl- Minneapolis
(7) St.
and
St.
458 miles
490 "
"
510
"
412
:
Joaeph- Kansas Clty.........5tf
and Omaha
364 "
280 "
Paul Minneapolis and Sioux City
With
8,079 miles by the short e-t existing lines of through
concentrated on only 1,804 miles of track, the traffic
on existing lines will necessarily become dense and profittraffic
able.
Wisconsin Minnesota & pacific railroad company.
The Wisconsin Minnesota & Pacific Railroad Company is
a corporation of the State of Minnesota and has owned and
operated for a term of years a line of railway extending
from the City of Red Wing. Minnesota, westwardly (cr
ing the main line of this Company thirty miles from fct.
Paul), to the City of Mankato, Minnesota, a distance of
about 100 miles. It has recently made arrangements to
purchase a short line of 28 miles, connecting with the original line at Red Wing and extending south; also the line of
the Winona & Western Railway Company extending
westwardly from the City of Winona (crossing the main
line of this Company 115 miles from St. Paul) to Osage,
Iowa, 122 miles in length, and to build or otherwise acquire
a connecting link between the two purchased lines, about 27
miles in length. When these arrangements are completed,
the Wisconsin Minnesota & Pacific Railroad Company will
own 275 miles and has authority under its charter to make
further extensions in Minnesota. Its lines occupy the most
productive and populous sections of the State. Substantially
the same arrangement in regard to operation and ownership of its stock by this company has been made as has been
recited in relation to the Mason City & Fort Dodge Railroad
There has been expended during the year for Additions Company
and Improvements, including additions to the terminals in
Kansas City, the sum of §851,088 80 [given in detail in
The Directors take pleasure in expressing their apprepamphlet report.]
ciation of the faithful and intelligent services rendered by
the officers in charge of operations and by the employes
MASON CITY & FT. DODGE RAILROAD CO
during the year.
The Mason City & Ft. Dodge Railroad Company, a Cor
By order of the Board of Directors.
poration of the Mate of Iowa, has owned and operated for
years
line
of
railway
from
Mason
Iowa,
a
City,
several
to
A. B. STICKNEY,
Ft. Dodge, Iowa, with a branch to coal mines at Lehigh,
President.
Iowa, in all 92 miles. During the past winter all the stock
and bonds of the Mason City & Ft. Dodge Company were
purchased by a syndicate, which proposed, upon conditions,
PART III.
to extend the line northwardly from Mason City about 12
TABLE I.
miles to a connection at Manly Junction with one of this
Company's branches; also to build a connection, about
GENERAL BALANCE SHEET, CAPITAL ACCOUNT8,
thirty miles, between the Mason City & Ft. Dodge line eastJUNE 30. 1901.
wardly to a connection at Hampton, Iowa, with another
ASS-ETS.
branch line belonging to this Company.
$5,702,483 80
The conditions upon which the Syndicate were willing to Cost of Rolling Stock owned
of Rolling Stook purohased on Car
make these extensions were that the two Companies should Cost
491,978 00
Trusts
thereafter be operated together as one system under the
S6.194.46l SO
management of the hicago Great Western Company, sub- Costof Road, including Terminals, to June 30, 1901.... 58,200,531 20
Our Interest in Kansas City and St.
ject to a permanent traffic agreement.
$100,000 00
Joseph Elevators..
Subsequently another Syndicate offered upon the same Our
56,694 44
Interest in chic. Ui ion Transfer Ry..
conditions to extend the lines of the Mason City & Ft. AlltheStookofDeKalb&GreatWest. Ry.
111,763 63
Dodge Company southwest, to the city of Omaha, and west All the Stook of City Terminal Railway
<
Sioux City.
The conditions were accepted by your Board of Directors,
and under date of April 30, 1901, an agreement was entered
into between the two Companies, by which this Company
will take possession of the Mason City & Ft. Dodge Company's lines as fast as constructed and connected with this
to the city of
Co.,
197,137 10
Kansas City
Bonds and Stocks of Other Companies...
Cash with London Flnanoe Committee..
Accounts Receivable
465,585 17
256,754 07
$190 79
193,838 53
194,029 32
$65,311,56156
and hold possession and operate them as
LIABILITIES.
a part of the Chicago Great Western system, so far as operthe
concerned,
for
term
of
one hundred years. But 4% Debenture Stock
ation is
$22,286,400 00
4 ,689 00
while operated as one system, the contract provides that 4% Debenture Stock Scrip
both corporations shall be maintained, and that separate
$22,291,089 00
accounts sliall be kept of the earnings and expenses of Less in Treasury
464,500 00
each. Out of the net earnings of the Mason City & Ft.
Debenture Stock and
$21,826,589 00
Scrip outstanding....
Dodge Railroad, in its possession but not otherwise, this
5% Preferred Stock A. ...$11, 371, 800 00
Company agrees to pay the coupons of the bonds issued by Lei-s
67,300 00
in Treasury
that Company, and the surplus of net earnings, it is agreed,
Preferred Stock A Out11,304,500 00
standing
shall belong to this Company. All of the stock of the Mason
00
City & Ft. Dodge Company is to be assigned to this Company 4% Preferred Stock B.... $7,489,190
21,100 00
Less in Treasury
in exchange for Common Stock, share for share.
Preferred 8tock B Out7,468,090 00
standing
It is expected that the existing line of the Mason City &
21,315, 545CO
Ft. Dodge will be connected with the lines of this Company Common Stock
$61,914,724 00
at Hampton and Manly Junction, making about 134 miles, 5% Equipment Lease Warrants
366,475 81
during the present calendar year, and the remainder, about 6% Sterling Loan, due in 1901.
£100
$484 84
250 miles, will be completed during the calendar year 1902.
484,848 46
6% Sterling Loan, due in 1£02.£IOO,OCO
The total letgth of the Mason City & Ft. Dodge lines, b% Gold Notes, due in 1903,
£190,625
Sterling
when completed to Omaha and Sioux ity, will be about 39t>
$200,000
U. 8. Currency.
miles, which are added to the system in such a way as to
1,124,242 42
convert the present branch lines carrying only local traffic 5% Gold Notes, due in 1904,
£152,9C0
bterling
Sumner to Hampton, 64 miles, and Hayfield to Manly
$67,000
U. 8. Currenoy
parts
of
through
Junction, 47 miles— into
lines between im808,833 30
Company's
lines,
i
. .
.
—
portant centers and adding to their present local a large
through traffic. It will round out tte system as a carrier of
through traffic, making every one of its 1,325 miles, except
three branches aggregating only 21 miles, a carrier of
through traffic in addition to its local traffic.
2,417,909 02
612,252 73
Advances from Earnings.,
$65,311,36156
R. C.
WIGHT,
Auditor Capital Accounts.
Septbmbeb
14,
1901.
THE CHRONICLE.
|
TABLE
II.
INCOME ACCOUNT FOR
GENERAL BALANCE SHEET, REVENUE ACCOUNTS,
JUNE
30, 1901.
Due from amenta and oonduotors
Due from indUiduals
Due from oth r railway companies
Interest aocruel on eeourl>lea owned
—
96
391 66
677 63
18(3,715
Due from
capital aooounta
$203, VJ6 is
Kental
Dubuque Bridge.
R< nt
of
il
1
1,088
$5,036,516 48
78
217,614 93
30,1
Leaned Lines
137,201 d5
nteiest od Equipment Lease Warrants ... $55,788 20
Interest on this Oompany'S proportion as
)olnt Owner of the Bonds Issued by the
5,137 74
St l'aul Union Depot Co..
rest on this Company's proportion as
167.201 35
I
90,435 94
76 ',118 94
1,10000
612,252 73
Bills receivable
.,].
Rental Obloaxo Terminals
Kental l>es Moines Terminals
$190,420 24
85.6*9 13
Bonds Minnesota Transfer Ry. Co
Cash on hand
Supply or fuel and material on hand
TABLE 111
Till: YKAH
iperatlnR Rxpentaa'and Taxes
i
accounts iieveivahlj:.
vi i:i;e.\t
567
owner of the Bonds Issued by the
t
Minnesota Transfer Railway 00
merest on Loans for dpltal Improveiu'ts
Internal Revenue War Taxes
loll
$1,941,672 23
I
Cash Deposited In London to pay Interest on
4 per oent Debenture Stock and Sterling
Loans
304,860 89
$2,246,533 12
7,160 CO
176,670 66
8,«45 89
253,407 49
oharges prior to 4 per cent
Debenture Stock
Surplus over
all
1,340,122 44
$7,013,861 69
ACCOUNTS PAYABLE.
OUKh'i:\T
maturing on bonds Minnesota
Transfer Hv...
Rentals accruing to Northern PacittoRy. Co.
Taxes Morning, estimated
Freight Earnings
I'assenger Earnings
Mail Earnings
Interest
Pay
Rolls
Vouchers and current aooounta
Coupous on O. at. P. & K. C. Ry. Co.'s First
Mortgage Bonds, unpresentecl
Mileage tickets outstanding
Insurance collected not expended
Interest maturing on Sterling Loans
$3,580 00
in, 151 CO
60,401 49
292,986 65
955,354 40
$5,312,771
1,452.138
111,501
90.182
6,217
41,050
Express Earnings
Kental Earnings
Miscellaneous Earnings
33
76
52
97
00
11
-$7,013,861 69
$7.013.861 69
75 00
3,470 98
17,833 59
39,25o 53
$1,391,109 24
Dividend payable July 15, 1901, on 4 per
oent Debenture Stock
436,438 00
Dividend payable July 31, 1901, on 5 per
284,310 00
oent Preferred Stock "A"
There have been paid two semi-annual Interest payments of 2% each on the 4% Deb Stock, amo n ting to. $780,010 16
There have been paid two semi-annual dividends of 2*a%
568.620 00
each on the 5% Preferred Stock A, amounting to
Surplus
134,675 88
$1,183,906 04
720.748 00
134,675 88
Balance Income Aooount, June 30, 1901
Surplus overall charges prior to
Surplus from previous year
4%
Debenture Stock.
..
B.
BEND,
44
143,783 60
$1.483.900 04
$2, 946.533 '2
W.
..$1, 40.12J
W. B. BEND, Auditor.
Auditor.
THE WABASH RAILROAD COMPANY.
TWELFTH ANNUAL REl'ORT-FOR THE FISCAL YEAR ENDING JUNE
At the
close of the fiscal year,
June
30th, the undersigned,
having retired from the Presidency of the Company, was
elected Chairman of the Hoard of Directors, and in that
capacity submits the Twelfth Annual Report of the Wabash
Railroad Company. Reference to the report of Joseph. Ram
the newly-elected President, will enable stockholders
to acquaint themselves with the details of
the operating department. The expenditures for new roll
ing stock, additions and improvements, which have been
unusually large, are also fully explained in the President's
sey
Jr.,
and bondholders
report.
The result of the year's operations is
shown
in the follow-
ing condensed statement:
Gross Earnings
Miscellaneous Reoelpts
$17,554,465 15
262,180 94
$17,816,646 09
Total Reoelpts
Deduot Operating Expenses
$12,752,045 11
Deduot Taxes
586,199 20
Deduot Balance Joint Track Rentals
and Miscellaneous Expenses
_
757,938 50
14,096,182 81
$3,720,463 28
Deduot Additions
Other Charges as
to Property and
follows:
Passenger Station, etc, Decatur.
New
Freight House, etc.,
New Side Tracks
Relay Passenger
East
St.
Station,
East
Annex
M
to Y. M. C. A. Building.
O. A. Building, Moberly
St.
Decatur
Real Estate. Peru
Real Estate, Bement
Real Estate. LltchflHld
Real Estate, Ferguson
Gravel Pit near Slmooe, Ont
Boody Hill Grade
Double Track Bement to 8angamon...
3,125
1.735
9,102
1,754
1,935
00
3.609
10,668
97,902
213,877
10
12
29
38
50
92
850 00
79
09
Lake Erie Transportation Co.— Sinking Fund Charges and Maintenance
Steamers...
Detroit & Chicago Extension— Sinking Fund
Gold Equipment Sinking Fund Bonds
of 1901, four months Sinking Fund
Accrued
Net Earnings applicable to Interest.
Interest on Bonds
Surplus
Dividends on Debenture
NetSurplus
59,541 81
,
A
Bonds.
$200,000.
19,751 60
33,333 33
part of which has been hitherto paid for in monthly instalments, and the remainder of which is in course of delivery.
This arrangement will relieve the operating expenses of a
monthly charge of about $20,000, after providing for the
sinking fund and interest.
N
The other issue, called the Toledo & Chicago Division
First Mortgage Bonds, is dated June 1, 1901, runs forty
years, and bears four per cent interest. The mortgage securing these bonds provides for the construction of the new
line from Toledo to Montpelier (a distance of about fiftyseven miles) and the cut-off from New Haven near Fort
Wayne, Ind., to a junction with the line from Detroit at or
near Butler, Ind. (about twenty seven miles). This new
connection has been rendered necessary by the decision of
the Indiana courts, which pronounced the lease of the Eel
River road invalid, and placed that line in the hinds of a
receiver. The new mortgage is a first lien on these two important lines, as well as on new rolling stock belonging to
this division, and is a second mortgage also on the line from
Montpelier to Chicago
The bonds referred to have been sold upon satisfactory
terms, and the new lines are in process of construction and
will be completed during the year.
The connection be-
tween New Haven and the Detroit line will undoubtedly
save a considerable part of the amount heretofore paid for
the rental of the Eel River road. The line from Toledo to
Montpelier will open up a short and direct line between Toledo and Chicago, the advantages of which are obvious. The
extension of the Wheeling & Lake Erie road to Pittsburg,
Pa., now under way, will, it is believed, give especial importance to this new link between Toledo and Chicago.
The new rolling stock provided by these two mortgages
will omplete, substantially, the equipment of the system.
The completion of the double track between Bement and
Decatur will require an additional expenditure of about
102,676 51
Louis
Y.
$54,478 51
42,41108
Louis
30, 1901.
[656,756 06
$3.0 3,707 22
2,760,57124
$303,13^98
210,003 03
$93,13i 98
During the year two issues of bonds have been authorized
by the stockholders and debenture mortgage bondholders
at special meetings held for the purpose. One of the
called the Go d Equipment Sinking Funds Bonds of l'JOl
for $3,000,000, is dated March 1, 1901, and runs for twenty
years at five per cent interest, and provides for a sinking
fund of $100,000 per annum for five years; $150,000 per an
num for the next ten years, and $200,000 per annum for the
last five years. These bonds are secured by new rolling stock
Railway traffic during the year has fully realized anticipations which, at the time, appeared somewhat too sanguine, inasmuch as they implied increase over the results of
three years of great prosperity. The optimistic view has,
however, in this instance, proved correct. An especially
encouraging feature is developing in the growth of local
traffic and in the increase of passenger travel.
These items
of improvement are substantial indica' ions of permanent
growth in a department of traffic not affected by the competition to which through business is subjected. This inte resting development, stimulated by the inoreasii
Ity
of the population and the establishment of local manufacturing industries, will, in the long run, prove to be a solid
basis of enduring prosperity.
Under ihis natural process of
internal expansion railway' lini 3, which it the time of construction appeared superfluous, will become self-supporting,
and in the ratio of the growth in local resources the rate
question, which has for so many years been the principal
factor of disturbance in railway traffic, will be practically
THE CHBONICLE.
568
A
eliminated.
study of the railway conditions
in
ation in the three great Central 'Western states of Ohio,
Illinois
quals per Square mile of area that of
the three New England States named, all of the railway
lines now in existence! or which are likely to be added in
the territory cast of the Mississippi River will he self-sustaining, without struggling for through traffic.
At the beginning of the new fiscal year some olouds appear above he horizon in labor disturbances, which must
be necessarily of but brief duration, and in the partial failure of the corn crop threatened by the loiigcontiijued
drought. In certain localities this crop has undoubtedly
Buffered material injury, but experience teaches us that
crop alarms are generally much exaggerated, and before
these words are in print the aggregate crop condition may
present more encouraging features. Except so far as a
possible decrease in the corn crop may diminish the volume
of fieight during the year, the prospective business of the
system is quite encouraging- The Fan-American Exhibition at Buffalo has added materially to passenger earnings,
and our cars have been fully employed in the movement of
freight. It would, perhaps, be too much to anticipate a
continuance of the gains over three years of unusual busi
ness prosperity of the country, but as yet there are no in
dications of a turning in the tide.
"We have to regret the loss, during the year of Mr. M. M.
Martin, Superintendent of our Car Department, whose long,
faithful and efficient services as an otticer of the Company
deserve especial recognition.
The usual acknowledgment is due to the officers and
employes of the Company for loyal and zealous co- operation
<
t
in every department.
O. D.
ASHLEY,
Chairman of
New
York, August,
TRAFFIC.
the New-
England 8tates, ami especially in Massachusetts, Connecticut and Rhode bland, will frustrate the soundness of this
Whenever, for example, the density of popu
f>roposition.
Indiana and
[Vol. LXXIII.
the Board.
1901.
Freight.
The freight
statistics again show a fair increase,
76,071,176 (4 per cent; in "tona revenue freight carried
'<• of
.")(;:;'.
one mile" at anav<
ier mile, an increase of 0-006 cents (I "08 per cent), at a cost per ton mile
of 0*4868 cents, an increase of 0*0118 cents (2*66 peroei
leaving a net profit of 0*12
ts as compared with 0*11
trafflo
i
cents last year, a decrease of 0*0058 cents.
The average revenne per freight train mile was $1
expenses per mile. 81*2869, and net earnirgs. $03615, as
against $1*5005, $1-1481 and $0*3574 respectively, last year.
The total freight train mileage was 6,981,266, a decrease of
93.892, about 1-34 per cent,
The loaded cars per train increased 0*42 cirs. the load per
car 0-60 tons, and the "revenue" train load was 283-47 tons,
against 268-94 tons last year, an increase of 14*42 tons, 5*40
percent. For the years from 1895 to 1901 the "revenue"
train load and load per car have been as follows:
Year.
Tralx Loud.
Car Load.
1895
1896
1897
1898
1P99
1900
1901
176-29 tons
19304 "
212-87 "
216-55 "
234-72 "
26894
"
2t3-47
"
The actual
company
13-37 tons
13-80 "
1400 "
14-16 "
14 83 "
1607 "
16-67 "
train-load, including
309 00 tons, against 291-02 last year.
freight,
was
Passenger.
"Passengers carried one mile" increased 30,420,149 (13 01
percent) and in revenne $508.042 09 (11-35 per cent); $7,031 61 of this increase was on the Bufialo Division, leaving
$501,010 48 on the Wabash proper. The rate per passenger
per mile was 1-885 cents, a decrease of v 0*028 cents, and expenses per passenger mile 1-558 cents, a decrease of 0-092
cents, leaving 0-327 cents per mile net, as agairist 0263 last
year, a gain of 24-33 per cent.
Train earnings per mile were 85-14 cents, a gain of 1*11
cents; expenses were 56 89 cents per train mile, a decrease
of T20 cents, and net earnings per train mile were 28*25
cents, against 25 94 cents in 1900.
The "passengers carried one mile" increased 13-01 per
cent, while the cost of passenger-train service decreased
-
-
EXTRACTS FROM THE REPORT OP THE
PRESIDENT,
J.
RAMSEY
JR.
6*68 per cent.
It is interesting to note that statistics of freight and pasWith the close of the fiscal year we have had forty seven
months of continuous increases in gross earnings, the earn- senger traffic show the "net earnings" divided between the
ings for the year being §17,554,465 15, while the earnings two classes of traffic as follows:
for the year ending June 30th, 1897, were $11,526,787 36, an
increase in the four years of $6,027,677 79, or 52-3 per cent.
On account of the heavy expenditures for equipment, reduction of grades, double- track, etc., the heaviest in any
year since the reorganization, the surplus is not as large as
for the previous year.
Particular attention is called to the detailed statement of
expenses, showing that with the large increase in earnings,
there was a decrease in transportation expenses; that of the
$303,690 00 increase in Motive Power, $234,109 10 was on
account of increase in price of fuel, and that Maintenance
of Way and Equipment increased $561,632 00, or 70 per cent
of the whole. There was, in round figures, $1,000 per mile
Freight train net earnings
Passenger train net earnings
$2,524,178 71
2,014,623 82
$4,568,802 53
Total
Passenger train earnings include mail, express, &c,
OPERATION AND MAINTENANCE.
Expenses of operation and maintenance increased as
follows
:
Buffalo Div.
Conducting transportation..
Motive power
Maintenance of way
Maintenance of cars
General expenses
Wabash Proper.
$6.316 39
65,673 78
*49,730 00
*2,3C6 47
'$84,570 12
'238,016 61
488,969 89
124,699 24
25,200 69
Total.
"$78,253 73
303,690 39
439,239 89
122,392 77
17,558 36
*7,642 33
expended on Maintenance of Way and Track improvement.
Although the previous years have seen many improveTotal
$792,316 31 $804,627 68
$12,31137
ments in and additions to the propertv of the Company,
* Decreases.
the work done in this direction during the past year has
been far ahead of any previous year. In addition to the
The value of the 3,500 new freight cars received in
amount expended for "Additions to Property" (see table F August, September and October, 1900, in reducing the use
in pamphlet report), and charged against net earnings, of foreign cars on our own lines and of increasing mileage
there were large sums expended for other additions to paid by other lines are clearly shown in the operating
property, equipment, new sidings, station buildings, grade
improvements, etc., and far more than the ordinary expenditures for maintenance, all of which was charged direct
results.
With a decrease of 1 ,054,787 in total freight car mileage
on Wabash, there was an increase of 12,743,703 miles in the
to operating expenses.
mileage of Wabash cars, and a decrease of 13,798,490 miles
in the mileage of foreign cars, and an increase of 10,106,585
The total amount expended for actual additions to Real
Estate. Traoks, Shops. Stations, etc., was
$830,066 58 miles in the mileage of Wabash cars on other roads, the net
For New Engines, Freight and Passenger Cars
620,270 51 result being a decrease in the amount paid by this Company
For Air Brakes, bteam Heat, Gas and Electric Lighting
of Coaohes, etc
37,091 60 on freight car mileage balances of $154,699 14.
Motive Powkr Department.
Total
$1,487,428 69
expenses
The
of
this department show an increase of
in
The extraordinary increase
the Maintenance of Way
expense was due to the pushing of the work on tracks, bal- $303,690 39, of which $65,673 78 is due to the Buffalo Dilasting, cross ties, surfacing, etc., as early as possible in the vision, leaving $238,016 61 increase on the Wabash proper.
spring in order to have the track in the best condition pos- The principal items of increase were as follows:
sible for the anticipated heavy travel to the Pan-American Engineers and Firemen
$47,252 16
222,607 91
Exposition. The pushing of this work ahead of the usual Fuel for Locomotives
25,119 10
Repairs E. & M. 8., W., W. & C. Stations
time added some $250,000 00 to the normal expenses.
26,246 84
Tools and Machinery and new Tools
The increase
of $1,113,474 86 in earnings
is
divided as
fol-
lows:
Wabash, west of
Detroit, Increase
Buffalo Division, Increase
The increase
of $804,627 68 in expenses
$1,001,832 59
111,642 27
is
divided as
fol-
lows:
Wabash, west of Detroit, Inorease
Buffalo Division, Inorease
$792,316
12,311
3,921 62
The total amount expended for repairs of engines was
$951,470 44, equal to $2,187 00 per engine for 435 engines,
the average number on hand during the year.
Cab Department.
The expenses of this department for the year were, as last
81 year, away above the normal, on account of the expense of
37 application, of air-brakes, steam heat, and new freight and
Leaving out the Buffalo Division for the years 1898-1899,
1899-1900 and 1900-1901, the percentage of operating expenses
to earnings on the Wabash proper was as follows:
Year ending June 30th, 1899
Year ending June 30th, 1900
Year ending June 30th, 1901
Wipers, Hostlers and Dispatchers
71-21 per oent.
71-87 per oent.
72-34 per cent.
passenger equipment.
Air-brakes are applied to 433 freight cars at a cost of $19,891 43. All of our freight cars are equipped with automatic
couplers, and 66 per cent are supplied with air-brakes.
Contracts were entered into in April, 1901, for 1,000
thirty-ton box cars, 36 feet long in clear, 5l'0 forty- ton coal
September
THE CHRONICLE.
14, 1901.]
cars and 50 Rogers convertible ballast cars of forts tons
capacity to be delivered in September. They are all to be
built to modern standards, metal bolsters, air brake
matic couplers, draft rigging ami large dimensions
T
box and coal cars will come under the $3,000,000 00 Toledo
Chicago mortgage.
When
freight cars above referred to aro delivered, we will have a total revenue freight equipment of li\165 ears, with a tonnage capacity of 198,000 tons, an inn
Of 963,000 tons over the capacity on July 1st, 1889.
In January, 1901, contracts were entered into with the
the
1, .100
American Car
it
Foundry Compain
and The Pullman
Company for 9 dining cars.;} library dining oars, W ohair
cars and coaches and 8 combination coach and baggage cars.
Those cars range from 68 feet 1 inches to 7i) feet in Length,
all
wide vestibule, modern
in all
equipment and
finish,
and
the dining cars and 5 chair cars and coaches are lighted
with electric lamps of the Gould system. All of thecals
are now iu service, but at the close of the fiscal year only 2
diniug cars and 10 coaches had been received.
CAR AND ENGINE TRUSTS.
y
%\it (^ommtxciitl £xmcs.
COMMERCIAL EPITOME.
Friday Night, Bapt. 13, iwoi.
The attack on President McKinley a week ago has had a
•rring influence upon business in a number of lines of
trade. In some instances buyers withdrew from their markets
preferring to await developments. In speculative circles the
event was the overshadowing factor and had au unsettling
influence. The monetary markets have been afforded 6ome
relief by the purchase of Government bonds by Secretary
Gage. Seasonable weather conditions have been quite generally experienced
been
Crop news has
Satisfactory progress has been re-
favorable as a.rule.
made
ported
new
throughout the country.
in the
winter-wheat belt toward planting the
crop.
June 30th, 1901, the car and engine trust notes outstanding were as follows:
St. Charles Car Company, Contraot of June 28th, 1893, 27
Lard on the spot ha9 had a moderate sale to both refiners
and exporters, and prices have advanced, closing firm at
notes (last one due Sept. 24th. 1903), for $4,696 18 each.$126,796 86 9*75c. for prime Western and &9 25@9 35c. for prime City.
Missouri Car
Foundry Company. Contraot of June 28tli,
The demand for refined lard has continued limited, but prices
1898, 29 notes outstanding (last one due on November
5th, lt<03), for $4,696 18 each
136,189 22 have advancedjto 10c. for refined for the Continent, closing
Engines, St. Louis Trust Company, 40 notes outstanding
Speculation in lard for future delivery has been modfirm.
(last one due November 1st, 1904), for $5,071 88 each... 202,875 20
active, and prices have advanced on light receipts
erately
Total Hinouu t trust notes outstanding
$465,861 28
A reduction during the year In oar and locomotive trust
values for swine. The close was firm.
higher
and
<St
$173,590 88
notes of
In addition to the above we have an operative contract
with the American Car
Foundry Company for 500 box,
500 coal and 200 furniture cars, on a mileage basis, running
to July, 1909, when the mileage payments will be complete
and the cars belong to the Wabash Company. On this
account the monthly mileage payments are $7,194 76. On
this contract there was paid during the year ending June
30th, 1901, the sum of $86,337 12.
All of the new equipment now under contract, including
the 3,500 box and coal cars bought in 1900 will be taken
care of by the Equipment Mortgage, the interest and sinking fund requirements of which amount to $250,000 00 per
&
This will make our expense account annually some
$300,000 00 less than it would be if we had made the usual
5-year trust arrangement.
In March, 1901, a contract was entered into with the
Richmond Locomotive Works for 50 large engines— 12
passenger engines (6 Atlantic type and 6 ten- wheel), 34
freight engines (Mogul type), and 4 switching engines, at
an aggregate cost of about $660,000 00. The delivery was
to begin in June and be completed by September, but, on
account of delay in getting material, the first engines were
not received till about the 25th of August. Forty of these
engines will be paid for out of the $3,000,000 U0 Equipment
Bond and the remainder out of the proceeds of the Mort
fage Bonds for the construction and equipment of the
'oledo-Chicago Line.
annum.
GENERAL.
of construction of the line from New Haven to
Butler, Indiana, and of the line Irom Montpelier to Toledo,
Ohio, is progressing satisfactorily, and it is expected they
will be completed in November, provided no delay is met
with in the delivery of the steel rail and bridge iron.
The operation of the New Haven Butler line, in place of
the Eel River Railroad, will have a very beneficial effect
upon the operating expenses and fixed charges. There will
be but 25 miles of railway to maintain in place of 100; the
concentration of train service to Fort Wayne (instead of
splitting it at Peru) will largely decrease the train mileage,
and the fixed charges and taxes will be about $40, COO in
stead of $ 18,000. The losses from local traffic on the Eel
River Railroad will be fully made up in the increase in
traffic from the cities of Fort Wayne, Huntington and
The work
Wabash by putting them on our through-line between St.
Louis and Buffalo. The line from Montpelier to Toledo is
expected to add largely to our revenues, by opening up a
direct li e between Chicago and Toledo and to points east
and south of Toledo, a traffic from which the Wabash has
been completely shut out heretofore. It will also enable us
to make further economies in the concentration of through
train service. With proper traffic relations with connec
tions at Toledo, the opening of this line should be of great
value to the Wabash system.
The prospect for the current fiscal year is very promising,
even in the face of the partial failure of the corn crop and
the strikes of the metal workers, which are just now under
The corn tonnage for the past fiscal year was
full headway.
less than 11 per cent of the total Wabash tonnage.
A loss of
one-half of this tonnage would not cause the Wabash much
loss in revenue and that would be more than made up by
traffic from new sources above outlined, from our ability to
secure more traffic from old sources through our great
increase in freight equipment, and by the travel to and from
the Pan American Exposition.
The increase in gross earnings for the month of July and
the first three weeks of August, 1901, amount to $335,000, and
we have every reason for anticipating gross revenue of
$18,000,000 for the year ending June 30, 1902.
DAILY CLOSING PBIOBS OF LARD FUTURES.
Uon.
Fue*.
Sat.
Wed. Thuri.
0-65
September
9-75
970
9-72
975
Frt.
9*75
Pork has had a fair jobbing sale in the local market; prices
have been firm at $15 75@16 75 for mess, $17@17 50 for family
and $17@19 for short clear. Cut meats have had a fair sale at
firm prices, closing at 7@73^c for pickled shoulders, 10%@
ll^c. for pickled hams and 934® 10c. for pickled bellies, 14
average. Beef has been quiet at $9@9 50 for meee,
$10 50@11 for packet, $ll@12 for family and $16 50@17 50 for
extra India mess in tierces. Tallow has been firm and prices
have advanced to 53^o. Stearines have been quiet, closing
steady at lie. for lard stearine and 103^c. for oleo stearine.
Cotton-seed oil has been quiet but steady at 40@40}£e. for
prime yellow. The demand for butter has been light, but
prices have held steady for choice grades, closing at 14@
Cheese has had a fair sale for
203^c. for choice creamery.
export and at full>alues, closing at 7@9J^c- for State factory,
Fresh eggs have been dull, and the close was
full cream.
dull at 18J^c for choice Western.
Brazil grades of coffee have continued to meet with a fair
distributing sale, but owing to excessive supplies in sight
and a continued full crop movement there has been no improvement in prices. The close was steady at 5^0. for Rio
No. 7. West India growths have been quiet, but there has
been no pressure to sell, and prices have held steady at l}4c
East India growths have been quiet.
for good Cucuta.
Speculation in the market for contracts has been without
spirit.
Neither buyers nor sellers have been aggressive in
the absence of new developments; prices have made only
slight changes. The close was steady.
Following are the
@10
lbs.
closing asked prices:
I
Deo
505o.
|
Jan.
5-10o.
Sept
Oot
4*75o.
4-85o.
Nov
490o. IMaroh
Raw
530o.
|
I
May
545o.
July
5 55o.
Aug
560o.
sugars have continued to sell slowly, refiners being
The
close was dull at 3;' .±c. for centrif8J^c. for muscovado, 89-deg. test.
Refined sugar has been in less active demand but steady at
5 25o. for granulated.
Other staple groceries have been
steady.
Kentucky tobacco has continued to meet with a fair export
demand at firm prices. Seed leaf tobacco has had an active
eale and at full values. Sales for the week were 13,500 cases,
as follows
10,000 cases 1900 crop, Wisconsin Havana seed,
15@16^c; 1,000 cases 1900 crop, Connecticut Havana seed,
20@65c; 1,000 cases 19C0 crop, Connecticut broad leaf, 20@
30c; 1,000 cases 1900 crop, State seed. 14V£@16c, and 500
cases 1899 crop, Pennsylvania seed leaf, 18J£@18J^0. also 250
bales Havana at 30@55c. in bond and 150 bales Sumatra at
70c.(g$l 75 in bond.
Business in the market for Straits tin has been quiet, and
there has been a slight further weakening in prices, closing
dull at 25@25 37 Lj|C. Ingot copper has had only a small sale,
but prices have held steady at 16J£o for Lake. The demand
for lead has been limited; prices have not changed from
437^c. Spelter has weakened slightly, closing at 4c. Pig
iron nas been quiet but steady at $13@15 50.
Refined petroleum has been unchanged, closing steady at
750c. in bbls., 8'50c. in cases and 4-95c. in bulk. Naphtha
has been unchanged at 905c. Credit balances have been
steady at $1 25. Spirits turpentine has held steady at 36}£@
37o.
Southern markets have been fairly active and firm.
Rosins have been quiet at $1 40 for common and gocd
strained.
Wool has been quiet but prices have held steady.
Hops have sold slowly and prices have been largely nominal.
indifferent buyers.
ugals, 96-deg. test,
l
and
:
;
,
THE CHRONICLE.
570
COTTON.
Friday Night, September 13, 1901.
The Movement op the Crop, as Indioated by our telegrams
from the South to-night, Is given below. For the week ending
this evening the total reoeipts have reaohed GI.47G bales,
against 1)9,215 bales last week and 51,818 bales the previous
week, making the total reoeipts since the 1st of Sept., 1901,
109,963 bales, against 137,234 bales for the same period of
1900. showing a decrease since Sett, 1, 1901, of 27,271 bales.
Mtceiptt at—
Mon.
Bat.
1
2,637
4,817
Bab. PasB,
Thurt.
Wed.
Tuet.
1,917
2,806
6,077
Fri.
Total
4,930
23.184
462
462
14.570
1,807
<feo.
New Orleans...
Mobile
1,242
2,450
1,047
2,893
2,193
4,745
343
294
666
92
77
335
809
1,533
1,267
2,544
2,236
2,024
1,379
84
243
451
165
302
63
11,013
1,379
1,308
63
215
229
271
193
209
1,180
1,128
1,608
622
218
314
353
85
60
108
528
89
89
124
100
9,290 10,836
9,169
Pensaoola, Ac.
Brunsw'k.&o.
Charleston....
N'p't
News, Ac.
New York
Boston
Baltimore
!•
Ac.
25
week
8,511
Phlladel'a,
Tot. this
846
154
156
527
39
436
31
61,476
8,109 15,561
The following shows the week's total receipts, the total since
and the stook to-night, compared with last year.
Sept. 1,1901.
1900
1901.
Receiptt
to
Sept. 13.
Since Sep.
1, 1901.
Thit
week.
Thii
week.
Stock.
Since Sep.
1,
58,121
18,003
Galveston.
23,184
462
Sab.P.,Ao.
New Orleans 14.570
1,807
Mobile
P'saoola,Ao.
Savannah... 11,013
Br'wlok.Ao.
1,379
1,308
Charleston..
P.Royal.Ao.
1,180
Wilmington.
Wash'n, Ao.
3,935
108
N'port N.,Ao
New York... 1.528
52,387
5,756
16,287
510
583
750
21,813
2,136
11,608
1,951
15,663
3,450
32,977
7,035
20,926
5,587
15,164
1,623
2,823
36,357
1,866
5,249
57,316
2.403
7,734
9,954
1,845
50,391
1,400
4,826
1,258
14,821
3,008
20,591
7,638
6,246
101
527
39
436
691
144
663
25
3,747
5
103,311
2,400
8,222
236
22,474
14
10,287
241
148
166
254
386
1,859
26,906
3,300
1,061
1,472
61,476
109,963
84.869
137,234
225,531
162,685
.
Baltimore
.
Pb.iladel.Ao.
Totals
Receipt*
at—
Mobile
. .
Norfolk
N. News, Ao.
All others...
be
made with
1899
1900.
23,646
14,570
1,807
11,013
1,308
1,180
3,930
108
3,909
Savannah
Ohas'ton, Ao
Wilm'ton, Ao
may
782
other years
totals at leading ports for six seasons.
1901.
Oalves'n.Ae.
New Orleans
487
2,825
In order that oomparlson
we give below the
...
47
14
Tot. this wk.
61,476
Since Sept. 1
109.S63
1897.
1898.
52,450
31,884
8,386
35,318
18.643
10,987
4,306
61,333
22,493
4,657
18,101
5,502
4,719
3,242
57,030
35,953
5,732
39,621
14,610
17,845
5,038
76.837
59.614
9.101
38,139
23,314
11,698
21,139
104
311
186
294
346
84,869
137,234
9,278
166,563
283.788
2,621
112,854
178.914
4,996
1,990
178,113
295,471
245,183
432,175
for the week ending this evening reaoh a total
of 50,269 bales, of whioh 33,207 were to Great Britain, 2,000
to France and 15,062 to the rest of the Continent. Below
are the exports for the week and sinoe Sept. 1, 1901
The exports
Wt*k Undlm Sept. 13 1901
Bxportea to—
from—
Qreat
France
Brtt'n.
1.
1901, Co Sept. 13 1901,
Sxvorted to-
Great
Conti- Total
France
nent. Wetk. Britain.
~
8.038
Bab. Past, Ao.
New Orleans..
From Ben.
6.815
2,000
1,141
..
Continent.
lo.*
8,948
11,983
22.940
8,457
3,948
35,345
5,141
12,956
12,176
2.C00
8,229
22,406
3.721
3.721
,...»•«
8.721
3,721
Mobile
Pensaoola
Savannah
Brum wlok
Charleston....
1,141
..
—
OH SHIPBOARD, MOT OLBABBD FOB—
Sept. 13
679
151 2,106
500 2,300 14.409
Savannah
Charleston
Mobile
1,141
16,683
3,415
3,415
18.185
3 826
237
237
237
2,052
1,141
14.531
786
5,517
1,483
24.488
3,826
1,720
200
203
•••••.
200
200
1,721
2
858
2,003
New York
12,606
1,000
2,1 00
Total 1901..
14,079
2.451 21,515
Total 1900..
Total 1899.
8,^09 5.752
39,515 26.735
Other ports
Hock.
Total.
1.725
"325
. .
"950
i"sbo
4,398
7,373
48,440
28.418
38,329
7.954
1.520
7.035
4,659
19.792
2,000
325
1,200
15 050
1,900
89,261
6,641
44.826
180,705
5.601 27,235
4,812 118,502
135,450
414,396
900
2,385
2,r,i7
the market. The bull intt-rest preferred to hold off, awaiting
developments in the cotton belt east of the Mississippi. According to some reports conditions were improving, and with
a late frost a good crop will be made, while with an early
frost the yield will
be
materially lessened, particularly as
to be late
The crop west of the
Mississippi is admitted to be considerably short of last year.
The crop movement during the week has shown considerable of an increase, and this, coupled with moderate selling
a-'ainst purchases of cotton in tne Sou' h, had its influence
against values.
report from the coiton goods trade of
a large speculative purchase of print cloths, followed by
higher prices for the same, had a temporary strengthening
influence upon the raw cotton market. Today there was a
weaker market, the alarming reports reg-irding President
the crop
is
known
McKinley's condition having a depressing influence upon
values. The close was steady at a net loss for the day of
12@17 points. Cotton on the spot has been easier, closing at
8%c. for middling uplands.
i'ne rates on and orf middling, as established Nov, 21, 1900,
Dy the Bevision Committee, at whioh grades other than
niddling may be delivered on oontraot.are as follows.
Pair
o. li«on Strict Good Mid. Tlnged.o. s ia on
middling Fair
% on Good Middling Tinged
Even
i« off
itriot Good Middling
** on Middling Tinged
B
3ood Middling
ieon Strict Low Middling Tinged H oft
i«ofl
litrlot Low Middling
Sieofl Middling Stained
7 ieofl BtrlotLow Mid. Stained... l>eoff
bow Middling
Strict Good Ordinary
% off Low Middling Stained
l^ofl
Good Ordinary
lheofl
On this basis the offloial prioes for a few of the grades for
the past week— Sept. 7 to Sept. 13— would be as follows.
UPLANDS.
Sat..
Jtfon
7»16
Ciddling
79l6
8*16
8 s*
Jood Middling.,
aiddllngFalr...
93s
uow Middling..
GULF.
Sat.
713 16
8 7 16
8 78
9 3 16
9&B
aood Ordinary.
LiOW Middling..
(diddling
Jood Middling,
vliddling Fair..
rtTAINED.
Sat.
i/OW Middling....
middling
7%
Strlot
Low
8'e
Middling Tinged.
33.207
2.000
15,062
60,269
68,505
11,248
23,098
92.846
21,250
913
15,615
37,tOS
32,0 27
943
21,779
64,74 9
.
8%
3ood Middling Tinged
3
Tues Wed Tk
16
l>
H1
16
8*
8<n
»15 16
9*8
8 13 16
91*
98g
7>e
8*
8k
8%
8^
813 16
13 16
9*
Tk. Fri.
914
Wed
7Hi6 7U 16
79l6
83i 6
8 *
8o 16
85 16
8%
8%
9116
912
I»lon
7°i6
7io 16
838
811 16
9^8
fil
81l6
8^
IVon Tuet
713 16
8^16
7
8 s
16
si
one
it)
Fri
1
913
938
Tuee Wed
7
7
8
8>«
8
8ifl
8^
Fri.
Tit.
678
7's
8
7
8
8*6
8*8
8*8
838
The quotations for middling upland at New York on
Sept. 13 for eaoh of the past 32 years have been as follows.
1893. ...0. 8J4
1877... .o.llk
1901. ...0. 83s
1885....c.l0iie
73 16
1876
im>
11
1892
1884
10%
1900
14»*
884
10*4
1891
1883
1875
1899
63s
5is 16 1890 .....10%
1678
I2S4
1874
1882
1898
lias
1889
1881
1873
1897
20»i
73s
12»s
Iii3 16 1872
10»8
1888
1880
1896
8»8
2\*s
21i«
10i 18
125 16
1887.
1879
1871
1895
8H
19i«
7
1878
1870
6 e
1886
It's
1894
9k
MARKET AND SALES.
The total sales of ootton on the spot each day during the
week are indioated 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 olosed on
same days.
Spot Markkt
Closed.
Philadelphia..
Ban Fran., Ao..
Total, 180D...
Great
GerOther VoattBritain Fr'nce many. For'gn wise.
New Orleans.
Galveston. ...
Port Royal
Wilmington...
Norfolk
N'port N., &o..
New York
Leaving
at—
iood Ordinary,
1896.
6,339
11,608
1,951
36,357
5,249
14,835
6,246
2,180
We
A
1900
1901.
1900
In addition to above exports, our telegrams to-night also
ua the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
Sew York, whioh are prepared for our special use by Messrs.
Lambert ft Barrows. Produce Exchfinsre Ruildinjr.
afive
Speculation in cotton for future delivery has been without
any show of animation, due to the absence of outside interest.
The tendency of prices has been downward. La3t Friday's as3,935 sault on the President had a disturbing influence, and resulted
108 in prices weakening a few points on Saturday. Daring the
1,528 week values continued to sag. L'ttle support was given to
Pt. Royal.&o.
Wilmington....
Wash'ton.&o.
Norfolk
[Vol. LXXJII.
Saturday
Monday..
Tuesday.
Q't
& st'y,
Wednesday Steady
Thursday.. Quiet
Quiet at
Friday
Total.
Market
Closed.
sales of spot A contract.
Ex-
Con-
Con-
port.
tump.
tract.
Quiet Ast'dy
1,800
Qulet&st'dy
*8 dec. steady
Steady
428
6^2
steady
Dull
FUTUKE8
B'rly steady.
*e
dec. steady
2,093
2.093
300
'
5,861
992
....
....
....j
833
680
.
1,800
2.028
1,600
1,428
....
Total.
!
1,90c
1
1,428
833
8,773
9,854
September
14,
THE CHRONICLE.
1901.]
Futures.-- Highest, lowest and closing prices at
New
Yorl.
Sea
imiiflB
OD
B s HB<»
•
•
I
U»
At the Interior Towns
the movement— that is th.-. receipts
the week and since September 1, the shipments for the
veok and the stocks to-night, and the sanio items for the
aorresponding period of 1900 —is set ont in detail below.
•>r
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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
(Sept, 18), we add the item of exports from the United States,
-1
including in
it
•
1
i~ i- tc
8
the exports of Friday only,
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totals show tnat the interior stocas have induring the week 16,873 bales, and are to-night 64,898
jales more than at same period last year.
The receipts at all
owns have been 7,839 bales less than same week last year.
Overland Movement for the Week and Since Sept, 1.—
^e give below a statement showing the overland movement
The aDove
•Teased
1901.
1900.
1899.
1898.
Stock at Liverpool
bales. 292,000
171,000 805,000 707,000
Stooh at London
15,000
8,000
3,000
3,000
Total Great Britain stock. 300,000 186,000 808,000 71O.000
Stock at Hamburg
18,000
19,000
20,000
33,000
Stock at Bremen
64,000
108,000
29,000 136,000
Stook at Amsterdam...
2,000
1,000
Stock at Rotterdam
200
200
300
200
Stock at Ajatwerp
4,000
4,000
4,000
9,000
8took at Havre
70,000
51,000
1 20,000
136,000
Stock at Marseilles
3,000
3,000
6,000
4,000
Stock at Baroelona
46,000
53,000
94,000
52,000
Stook at Genoa
15,000
22,000
8,000
22,000
Stock at Trleete
13,000
4,000
19,000
17,000
Total Continental stocks
233,200 171,200
450,300 355.200
Tetal European stocks.
533 200 357,200 1,258,300 1,065.200
India cotton afloat lor Europe
16.000
45,000
17,000
40,000
Amer ootton afloat for E'rope. 122,000
51,000 120,000
83,000
f
Egypt.Brazll,&o.,aflt.for E pe
17,000
14,000
12.000
14,000
Stock in Alexandria, Egypt.
50,000
31.000
31,000
33,000
Stook In Bombay, India
302,000 239.000 370.000 317.000
Stock In United States ports.. 225,531 162,685 532,898
263.677
Stook In U. B. Interior towns.. 141,795
76,897 288.553 130.836
United States exports to-day..
237
4,474
15,545
6,570
Total visible supply
1,407,763" 981,256 2,647,^96 1,951,283
Of the above, totals of Amerloan and other descriptions are as follows
the week and since Sept. 1, as made up from telegraphic
eports Friday night.
The results for the week ending
Sept. 13 and since Sept. 1 in the last two years are as follows.
Liverpool stook
Continental stocks
movement by rail to Canada.
The foregoing shows the week's net overland movement
this year has been 595 bales, against 2,563 bales for the
week in 1900, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 2,390 bales.
'or
1900
1901.
September 13.
Week.
Ihvpptd—
Via St. Louts.
Via Cairo
Since
Sept.
1.
Week.
Binet
Sept.
1.
2,333
4,662
261
790
2.047
1,217
4,305
1,325
295
67fc
3
112
1,134
114
1,816
"647
169
15
989
Total gross overland
deduct tKipmentt—
Overland to ». Y., Boston, &o.
Between Interior towns.
Inland, Ac, from South
4,135
8,058
3,914
6,803
2,530
334
417
695
665
417
985
4,323
25
1,480
1,101
_.
3,540
5,828
1,346
2,183
Leavlngtotal net overland*.
595
2,230
2.5681
•1,620
Via Paduoah
Via Rook Ipland
Via Loulsvlhe.... ...... .......
Via Cincinnati
Via other routes, 4o.....
...
.
Totalto be deduoted
:
American-
209,000
172.000
122.000
United States stook
225,531
United 8tates Interior stocks. 141,795
United States exports to-day.
237
Total Amerloan
870,563
Ea$l Indian. Brazil, ticLiverpool stook
83,000
London stook...
8,000
Continental stocks
61,200
India afloat for Europe
16,000
fcypt, Brazil, Ac. afloat
17,000
Btook in Alexandria, Egypt...
50,000
Stook In Bombay, India
302,000
Total East India, <bo
537,200
Total Amerloan
870,563
Total visible supply
1,407,763
4i9 T >d.
Middling Upland, Liverpool..
Middling Upland, New York.
8»8o.
Egypt Good Brown, Liverpool
63^.
Peruv. Rough Good, Liverpool
7d.
Broach Fine, Liverpool
4Vjd.
Tlnnevelly Good, Liverpool. .
49 32 d.
Amerloan
bales.
afloat for Europe...
,
110,000 739,000 629,000
141,000 385,000 292.000
51,000 120,000
83 000
162,685 532,898 263,677
288,f>53
76,897
120,836
4,474
15.545
6,570
546,056 2,080,996 1,405,083
*
25
Including
1900.
1901.
61,000
15,000
30,200
45,000
14,000
31,000
239,000
78,000
66,000
3,000
3,000
63,200
65,300
40,000
17,000
12,000
14,000
33,000
31,000
370.000 317,000
5K6.300 516,200
4i:5,200
546,056 2,080,996 1,405.083
981,256 2,647,V!96 1,951.283
7 ° 3 2d.
10^0.
7%d.
77 16 d.
63«d.
6d.
39i 6 d.
6*,o.
5Hi 6 d.
6%1.
3 M.
33td.
37 32 d.
5lii 6 o.
'l^d.
6i:<
l6 d.
37 16 d.
3*6 d.
Continental imports past week have been 35,000 bales.
The above figures indicate an increase in 1901 of 426.507
bales as compared with same date of 1900, a loss of 1,239,533
bales from 1899 and a decline of 543,520 bales from 1898,
In Sight and Spinners'
Taktngt.
Week.
Since
Sept.
1.
Week.
Since
Sept.
1.
33,000
109,963 84.869
2,56f
2,230
68,000 29,000
137,234
4.620
58,000
95,071
16,373
174,193
12,it0
199,854
32,270
Came Into sight during week. 111,444
Total In sight Sept. 13
186,683
1--.670
28,710
61,476
595
Set overland to Sept. 13
Southern consumption to Sept. 13
Total marketed
orth'n spinners tak'gs
Movement
to Sept. 13
i899
1898
1897
1896..-
141,804
232,124
2. 096
12.297
into sight in previous years.
S •€»
Week.
'
25,367
bales. 23^.817
162,899
253,072
325,304
1899
1898
1897
1896
bales.
Sept. 1.
406.692
275,117
4S9.785
629,479
THE CHRONICLE.
572
[Vol. LXXIII.
Quotations fob MIDDLING Cotton* at Otheb Markets.— dredth* of un inch. The thermometer has ranged from 70
Below arc closing quotations of middling cotton at Southern to 90-8, averat-int.' 798.
Mobile, Alabama. - Cotton picking is active. There are
and other principal cotton markets Coreaon day of the week
complaints of damage by rust and shedding, and worms are
CLOSING QUOTATIONS FOK MIDDLINO COTTON ON—
reported in a few localities. There has been rain on two days
Week en fling
Satur.
Mon.
New Orleans
8*9
8 7 16
Mobile
8
8 & 18
83g
8
Sept. 13
Tuee.
8
Wednes.
Thurs.
8^6
?>
8'is
Fri.
of the w<?ek, the precipitation reaching six hundredths of an
inch. The thermometer has averaged 80, the highest be>ine:
and the lowest 6S.
Montgomery, Alabama. The weather is perfect forgathering the crop. There has been rain on one day of the week,
H 1*
8
Savannah ..
8
77s
7%
7*4
7%
7*8
7 78
8
Charleston
to the extent of two hundredths of an inch.
The thermome8*4
8<4
8*4
8>4
8*4
8»4
Wilmington.
ter has averaged 80, ranging from 68 to 92.
8*4
38
838
81«
8>«
83s
Norfolk
S
8i«
Selma, Alabama— Reports from the country are rather
8>«
8»8
8«8
B>s
8»s
8>*
8»8
8<>8
8«8
discouraging. Farmers state that the crop will be short of
8»8
Baltimore
8«8
834
834
H79
Philadelphia
8%
8'a
last year.
There has been no rain during the week. The
713 16
7 78
8»8
8
Augusta
Bifl
§
thermometer
has ranged from 64 to 90, averaging 78.
8
8
8
8
Memphis
S-iio
BH
8
Savannah, Georgia. There Ins been no rain daring the
8%
8»4
8»4
8^
St. Louis
83ia
8ii6
fe3 18
8 3 18
Houston
8&16
week. The thermometer has averaged 80, the highest being
>-"ie
8">ie
8>4
8"4
8»4
8U
8»4
Cincinnati ..
8H
92 and the lowest 68.
8>4
8^
8»9
834
Louisville
8 78
8'e
Augusta, Georgia.— Conditions have been favorable darThe closing quotations to-day (Friday) at other important ing the week. We have had only a trace of rain during the
Southern markets were as follows.
week. Thermometer has averaged 78, ranging from 63 to 91.
8
Nashville
Columbus, Miss 734
Athens
Charleston, South Carolina. There has been no rain durNatchez
7 Is
7 1*
Euiaula
Atlanta
7 7e
ing
the week. The thermometer has ranged from 69 to 90,
8>4
8*4
7»«
Raleigh
Galveston...
:
'l6
SH
8 16
8
8
:i
8
8
EH"
715 16
8
7«8
91
—
..
.
.
—
-
.
—
I
Charlotte
Columbus. Ga.
Little
I
7*8
I
Rook
...
Montgomery...
738
Snreveport
Weather Reports by Telegraph.— Reports
to us
7i3 16
by
tel-
egraph from the South this evening indicate that as a rale
the weather duriDg the week has favored the gathering of
the crop, and that where cotton is open picking has progressed very well. From portions of Alabama there are complaints of rust, shedding and worms, and Texas reports no
change in the condition of the crop.
Galveston, Texas. No change in the condition of the crop.
Previous damage is confirmed. There has been rain on two
days during the week, to the extent of twenty-nine hundredths of an inch. The thermometer has ranged from 78 to
—
88,
averaging
—
70.
Corpus Christi, Texas.— We have had rain on four days of
the week, the rainfall being two inches and thirty-two hundredths. The thermometer has averaged 83, ranging from
76 to 90.
Dallas, Texas.—
We have had rain on two days of the we°k.
rainfall reached eixty-eight hundredths of an inch. The
thermometer ha9 ranged from 69 to 100, averaging 85.
Henrietta, Texas.— There has been no rain daring the
week. Average thermometer 86, highest 101, lowest 71,
Huntsville, Texas. —Rain has fallen on one day of the
week, to the extent of thirteen hundredths of an inch. The
thermometer has averaged 82, the highest being 95 and the
The
—
Lampasas, Texas. It has rained on four days of the week,
to the extent of one inch and sixty-four hundredths. The
thermometer has averaged 82, ranging from 67 to 96.
have had rain on one day daring
Longview, Texas.—
the week, to the extent of one inch and eighty-two hundredths. The thermometer has ranged from 68 to 99, aver-
We
aging
84.
—
Palestine, Texas. We have had rain on two days of the
week, the rainfall reaching one inch and thirty-eight hundredths. Average thermometer 80, highest 92, lowest 68.
Paris, Texas.— We have had heavy rain on two days during the week, to the extent of three inches and twenty hunThe thermometer has averaged 81, the highest
dredths.
being 96 and the lowest 65.
San Antonio, Texas. There has been rain on one day of the
week, to the extent of sixteen hundredths of an inch. The
thermometer has averaged 84, ranging from 70 to 95.
New Orleans, Louisiana.—There has been rain on one day
during the week, to the extent of sixty-nin9 hundredths of
an inch. Average thermometer 83.
Shreveport, Louisiana. There has been rain on three days
during the week, the precipitation reaching forty-four hundredths of an inch. The thermometer has averaged 80, the
highest being 92 and the lowest 68.
Columbus, Mississippi. We have had rain on one day of
the past week to the extent of thirty-six hundredths of an
inch. The thermometer has averaged 78, ranging from 62
—
—
—
to 95.
growing crops. The thermometer has averaged 77 5 ranging
from 65 to 91.
Greenwood, South Carolina.— Cotton is opening rapidly,
and weather daring the week has favored picking.
India Cotton movement from all Ports. The receipts
of cotton at Bombay and the shipments from all India ports
for the wook ending Sept. 12, and for the season from Sept. 1
to Sept. 12 for three years have been as follows:
—
1901.
Receipt* atr-
Bombay
—
which is making good progress. There has been rain on
one day duriug the week, the rainfall reaching two hun-
ing,
14,000
2.000
1,000
Since
Week.
Sept. 1.
For the Week.
from—
8t.pt. 1.
7,000
13,000
Since September
Great
Britain.
Continent.
1,000
1,000
4,000
1.000
5,000
1,000
Great
Britain.
1.
Total.
Continent.
Total.
Bombay—
1901
1900
1,000
8,000
1,000
11,000
1,000
1,000
1,000
1,000
1,000
i",6bo
i",oo6
3,000
2,000
2,000
3,000
2,000
3,000
7,000
5,000
6,000
7,000
5,000
6.000
5,000
6,000
3,000
5,000
7,000
3,000
9,000
13,000
7,000
9,000
16,000
7,000
3,000
1899...,.
Calcutta—
1901
1900
Madras—
1901
1900 ....
1899
all others—
1901
1900
1899
Total all—
1901
1900
1899
.
i",6bo
...
3,000
Alexandria Receipts and Shipments of Cotton.—
Alexandria, Egypt,
September 11.
1900
1901.
1899.
aeoelpts (oantars*) . .
10,000
16,000
8.000
17,000
This
week.
19,000
25,000
Since
TMt
Since
Sept. 1.
week.
Sept. 1.
Tki$
week.
Since
Sept. 1.
sxports (bales)—
To Liverpool...
t
8^000
3.000
13,000
4,000
8,000
16,000
4,000
3,000
8,000
4.000
6,000
4,000
12,000
11,000 10,000
16,000
Aoantarls 98 pounds.
Of which to America In 1901, 1,050 bales; in 1900,
bales;
In 1899. 471 bales.
Manchester Market. — Our report received by
cable
from Manchester states that the market is steadA
for both yarns and shirtings, but that manufacturers are
generally complaining. We give the prices for to-day below
and leave those tor previous weeks of this and last year for
bo-night
comparison.
1901.
We
the lowest 66
Helena, Arkansas.—Farmers report that cotton is growing
rapidly.
We have had rain on one day daring the week,
the rainfall reaching forty-two hundredths of an inch, and it
is raining now.
The thermometer has averaged 79, ranging
from 65 to 91.
Memphis, Tennessee. The weather has been fine for pick-
5,000
Since
Week.
Sept. 1.
1899.
Export*
8H
have had rain daring the week,
Leland, Mississippi.—
to the extent of one inch and ten hundredths. Average thermometer 76 7, highest 91, lowest 60.
Little Rock, Arkansas.— Rain has fallen on one day of the
week to the extent of twenty six hundredths of an inch.
The thermometer has averaged 80, the highest being 94 and
1900.
Since
Week.
We
had light rain on one day during the
week, the rainfall being twelve hundredths of an inch.
Average thermometer 82, highest 94, lowest 70.
Brenham, Texas. There nas been rain on two days of the
week, to the extent of twenty hundredths of an inch. The
thermometer has averaged 83, the highest being 96 and the
lowest 69.
80.
Stateburg, South Carolina.—Dry weather has prevailed
all the week, and rain is becoming badly needed for all
83.
Abilene, Texas.—
lowest
averaging
32* Cop. ing*,
Twist.
d.
Aug. 9
" 16
" 23
" 30
684 07\
6S4
615 18 »7 78
71x6
Sep. 6 7ii6
7is
"13
d.
«1\
O8
08
1900.
lb*. Shirt- Oott'n
common Mid. 52*
to finest.
JTpid*
8.
d.
5
1>«1»7 101«
H«97 10»s
3 ©8 1
43s 3* ®8*s
415 3 2 8
38's
4
4
4
2
2
5 3 32 8*8
S
410*9 QU.
5
5
5
5
»8i« *
s.
98
98
*8
d.
8H
d.
4 7e
d.
d.
5
5
6
427 32 8ia ©914
5
1t>
—
Shirt- Oott'n
common Mid.
Uptdt
tofinett.
8.
®8 77e
©8 8
8
Ibt.
Cop. ing*,
Twist.
5
*
d.
s.
d.
«7 9
3iflt>7 9
3 «7 8
3 ©7 10
4
4i«»7 1l
inv>«»a
6
d.
5i9 3 2
5i9 32
5ii 1(J
523 3a
6*
v5^q
Jute Butts, Bagging, Etc.— The market for jute bagging
hes bee a quiet during the past week at unchanged prices,
viz.: 6c. for \% lbs. and 6%c. for 2 lbs., standard grades.
Car-load lots of standard brands are quoted at 6^'<|6J^c.,
f. 0. b., according to quality.
Jute butts dull at lj^@l%c. for
paper quality and 2%@2^e. for bagging quality.
September
THE CHRONICLE.
14, 1901.]
European Cotton consumption to Sept. I.— By
we have Mr. Ellison's cotton figures brought down
to-day
September
We
1.
to
give also revised totals for last year that
in actual
comparison may be made. The spinners takings
bales and pounds have been as follows:
Oreat Britain
Oct. 1 to Sept. 1.
Continent.
Total bat*i.
New York— To
Total
For 1000-1901.
2,994,000
4.456,000
7,450,000
Takings by eplnners... bales
496-2
510
487
Average weight of bales. lbs
1.526,940,000 2,170,072,000 3,697,012.000
Takings In pounds
For 1SB9-1900.
4,264.000
3,150,000
7,420,000
Takings by spinners... bales
504
490
Average weight of bales.lbs
486
1,590,992,000 2.089,360,000 8,680,352,000
Taking* In ponnds
According to the above, the average weight of the delivene
Great Britain is 510 pounds per bale this season, against
504 pounds during the same time last season. The Continental
deliveries average 467 pounds, against 400 pounds last year,
and for the whole of Europe the deliveries average 498'
pounds per bale, against 498-0 pounds last season.
Our
dispatch also gives the full movement for this year and last
vear in bales of 500 pounds.
in
Oct. 1
te
Sept.
Baits of 500
tot.
1900-1901.
1.
each
OOOf omitted.
I....
Great
Oontx
Britab
nent.
324
3.051.
Supply
3,101.
Gonaompt'n, 48 weeks 3,038
Spinners' stock Sep.
1
Weekly Consumption
000* omitted.
In October
.
In November
In December
In January
In February
In March
In April
In May
In June
In July
63
4,340,
4,664
4,224.
440,
To Venloe-Sept. 9— Steamer Alib- /.la, 800
To Trieste -Sept. 9— Steamer Abbazla, 550
.
To Veracruz— Sept. 11- Steamer Atlas. 300
Galveston—To Liverpool— Sept. 7— Steamer Benedict, 8,038.
To Hamburg -8ept. 10— Steamer Commonwealth, 1,524...
To Antwerp— Sept. 5 -Steamer Endeavour, 2,424
Savannah—To Barcelona -Sept 11— Steamer Karoon, 3,371..
To Genoa—Sept. 11— Steamer Karoon, 350
Bronswiok— To Liverpool— Sept. 7— Steamer Veva, 1,141
Boston— To Liverpool— Seut. 5—Steamer Irishman, 2.638
Sept. 9-Steamer
6— Steamer Lltonia, 799
Sept.
Hachem. 8
1899-1900.
Total.
Oreat
Oontx
Britaii
nent.
63.
7,352
Toto
371,
7,394.
3,182
525
4,170
7,765
7,262
3,245
3,174
4,695,
4,219.
7,393.
71
476,
547,
503,
88,
66,
66,
66.
66,
66,
88,
88,
88,
88,
88,
138,
154,
154,
154,
154,
154,
154,
154,
154,
154.
154,
68,
68,
68,
68,
81,
91,
91,
87,
688
8,038
1,524
2,424
3,371
350
1,141
3,445
6— Steamer Kowanmore,
Liverpool— Sept.
237
237
Maru, 200
200
~
Total.
80,269
New York
Cotton freights at
the past week have beet:
7,940
159,
159,
159,
155,
155.
155,
155,
88,
68,
87,
88,
68,
155,
87,
88,
68,
155,
87.
158,
88,
145,
87,
88,
t58,
145,
87,
as given by Mr. Ellison, but from the
68,
68,
800
550
300
San Franoi800-To Japan— Sept. 5— Steamer Hong Kong
87,
87,
66.
August
* The average weekly rate is
month's total he has apparently deducted one full week's consumption.
t The average is as given by Mr. Ellison; reduction from previous
months' total of 40,000 bales and 50,000 bales respectively, or 10,000
bales er week, being made for stoppage of spindles.
Government Weekly Cotton Report. Mr. Jas. Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday tbe iollowing telegraphic reports on the crops in the Southern States for the week ending
iTon.
turn.
Llverp., to 8p.l7.e.
10
Havre
21
10
21
10
21
10
21
10
21
10
21
—
Hamburg, Sept
Amsterdam
e.
Rotterdam
Antwerp
V.
Sept. 9:
North Carolina —Conditions improved,
bright days and cool
night*
temperature slightly above normal, rainfall below; cotton
shedding and rusty, limited picking begun.
8orjTH Carolina.— Rainfall and temperature below the normal,
showers flrstof week in some counties; sunshine above normal, which
was beneficial to crops; cotton rusting and shedding, crop considerably below the average, picking becoming general.
Geobgia.— Weather favorable and general improvement in growing
crops resulted; cotton opening rapidly, picking becoming general,
oondition better than last week, but shedding and rusting continue in
many localities, top crop short.
Florida.— No Improvement in cotton, oomplaints of rust and shedding continue, opening rapidly, picking active, top crop deoidedly
;
27%
27%
20
28
20
28
20
28
22%
32%
22%
22%
15
15
15
15
21%
21%
21%
31%
82
32
e.
18
24%
21%
32
28
Hull...*.
v. Canal.. e.
Genoa, Sept
e.
Trieste
e.
32
32
82
27928
27a>28
27928
32
82
....
-•••
28
Of whloh
Of whloh
•Ales
week
bales.
exporters took...
speculators took.
American
Aotual export
Forwarded
Total stock— Estimated
Of which American— Est'd.
Total Import of the week
Of which American
imount
28
lb.
— By oable from Liverpool we have the folio*.
afloat...
Of whloh American
6tc
Aug. 30.
Aug. 23
the
32
32
28
28
28
or fractions of a penny per
28
lbs.
ing statement of the week's sales, stocks,
-tales of
27928 27928
17-22*4 17-22% 18-22% 18-22% 18-221* 18-22%
Quotations are cents per 100
Liverpool.
27%
20
28
e.
Ghent, v.Antw'p.e.
Reval, v.Br-Hamc.
Do
Do
27%
20
28
21
15
c.
Fri.
27%
25
20
28
21
c.
..c.
j
—
W«dn<« Thurs.
Batur.
Bremen, Sept
50,
66,
66,
66,
66,
In
Liverpool, per steamers Bo vie, 4,169
Canadian. 5.605... Taurlc, 4.520
14,294
To Manchester, per steamer Calderon, 200 upland and 37
237
Hen Island
To Antwerp, per steamer 8t. Cuthbert, 50.
50
To Baroeiona, per steamer Montrerr&t, 1.803
100
To (ieuoa, i>er steamer lloliiu/ollort), 100
To Trieste, per steamer 1'ontiae, 9'J
9a
To llelfast-Bept. 10-8teamer Uathllu Head,
New Oki.ea.nsr
4,515
4, .15
l,30O
To Hull-Sept. 10— Steamer Othello, 1,300
2,000
To Havre— Sept. ll-8teainer Oomino. 2.000
Steamer
Aysgarth,
105
105
To Antwerp -Sept. 7—
350
To Oporto-Sept. 9 -Bark Fortuua. 350
Steamer
Martin
11—
Saenz.
Sept.
2,176
Baroeiona—
2,176
To
800
To Genoa— Sept. 11— Steamer Martin Saenz, 800
Baltimore— To
Spinners' stock Oot.l
Takings to Sept.
rtmrPiNU iXHWtt. as snown on a previous, page, the
exports of ootton from the United States the past week have
reaohed 50,260 oales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Sept. 6
38,000
1.700
3,800
32,000
6,000
46,000
334,000
244,000
20,000
14,000
36,000
28,000
43,000
2.100
1,000
34,000
5,000
56,000
396,000
294,000
42,000
2,600
1,600
36,000
12,000
44,000
446,000
335,000
15,000
12,000
30,000
24.000
ll.OOO:
8,000
23,000
18,000
•
at that port.
Sept.
13
40,000
2,800
1,400
31,000
4,000
46,000
292,000
209,000
9,000
8,000
69,000
62,000
The tone of the Liverpool market for spots and futures
eaoh day of the week ending Sept. 13 and the daily closing
prices of spot ootton, have been as follows.
Monday. [Tuesday. Wed' day} Thursd'y Friday
Sat' day.
Spot.
short.
A la bam a.- Clear, dry and warm, very favorable for cotton, which is
opening rapidly, picking being pushed, considerable marketed, though
rust still sei iously damaging, rather light yield indicated.
Mississippi.— Weather dry all the week, favorable for crops and
farm work; cotton opening fast, picking becoming general, crop short,
being damaged considerably by rust, shedding, boll worms and excessive rains of Augus'; some complaU t of blight.
Louisiana. Clear, with no rain, except showers south portion 3d to
6th Inclusive; cotton picking general and progressing rapidly, orop
suffering from rust and shedding in several localities, sharpshooters
aDd boll worms destroying bolls in few parishes.
Texas.— Temoeratuie below normal; heavy rains along Gulf coast,
over southeast and portions or west-central seotions; drought broken
In portions of southwest and along lower Rio Grande, but continues
in ceniral sections and portions of northeast; cotton being rapidly
picked, no Improvement noted in late cotton, which has stopped growing and blooming in dry districts, and is shedding and lusting badly
where rain fell.
Arkansas.- Hot days, cool nights, no rain of oonaequence; cotton
opening rapidly, picking progressing, yield promises fair to good on
bottom land, poor on uplands.
Tennessee.— Fair weather and sunshine made one of the most favorable weeks of the season for farm work and good progress resulted in
growth and maturity ot crops; ooiton opening rapidly and picking In
Market
Warm, dry weather
worm
413 16
4»ie
4Hi6
4"l6
4l9 3a
5,000
7,000
6,000
6.000
7,000
5,000
500
500
500
600
500
300
M1<L Dpl'ds
425 32
J ales.
Spec.
Aexp
Quiet.
Future*.
Barely Steady at Easy at Steady at Firm at
steady at 1-04 &, 2 04 2 84@3-d« 1-04 ad- 2-84 (A 3-64
advance.
6-64 dec. advance.
vance.
decline.
Marks t
opened.
I
I
Easy at
5-04 decline.
Quiet but Steady at Br'ly st'dy Steady atHrlystdy
PL &>»«T%Pte
4«
steady at :cH<a*« pts.j *@* pis.
decline.
advance,
decline,
decline. H pt. dec. decline.
Steady
at
pts.
Market,
4 P. M.
^(*^
I
I
The prices of futures at Liverpool for eaoh day are given
below, Prioes are on the basis of Uplands, Low Middling
lausr*. unless otherwise stated.
'
Sat.
Itlou.
Sept. 7.
Sept. 9.
12%
continues; cotton picking progress-
are received trom Mississippi and Louisiana. No Improvement
noted in the late ciop in Texas, it havinir stopped growing and
blooming In the drought-stricken districts, and is shedding and rusting badly where rain fell.
Is
Moderate
demand.
Stead;.
M
P.M.
ing, orop light.
Oklahoma and Indian Territories.- Cotton-picking progressing,
with cotton giving light yields.
These retorts on cotton are summarized by the Department as follows:
7he weaiher of the past week has been more favorable for ootton.
This staple is opening rapidly in all sections and picking in In general
progress. Complaints or rust and shedding still continue, however,
from the eastern and central districts of the cottrn belt, and the top
crop Is short in Georgia and Florida, while reports of damage by boll
Easier.
Quiet.
P.
full progress.
Missouri.-
Easier
M
12:80
d.
p.
Ved.
un.
10 Sept. 11 Sept
Frl.
12 Sept. 13.
1 12%' 4% 12% 4 12% 4 12% 4 12% *
m. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
3ept.,L.M.O. 4 41 4 41 4
Oot.G.O.O. 4 27 4 27 4
Oct.-Nov.... 4 22 4 22 4
Nov.-Deo
4 IB 4 19 4
Deo.- Jan
4 19 4 19 4
Jan. -Feb
4 18 4 18 4
Feb.-Moh..
4 18 4 18 4
Moh-Apr... 4 18 418 4
April-May... 4 18 4 18 4
May-lune... 4 18 4 18
. .
Tuea.
Sept.
d
43 4 40
';9 4 27
23 4 21
20 4 18
20 4 18
d.
19
19
19
19
4 18
4 18
4 18
4 18
d.
d.
d.
4 34 4 34 4 34
4 22 4 22 4 23
4 17 4 1- 4 19
4 15 4 15 4 16
4 14 4 15 4 16
4 14 4 15 4 16
4 14 4 15 4 16
4 14 4 15 4 16
4 15 4 15 4 16
d.
d.
d.
d.
4 30 4 34 4 33 4 27
4 is 4 23 4 22 4 16
4 i;> 4 1W 4 lt> 4 13
4 13 4 17 4 16 4 10
4 13 4 16 4 15 4 10
4 13 4 16 4 15 4 10
4 18 4 16 4 15 4 10
4 13 4 16 4 16 4 10
4 13 4 17 4 16 4 10
....
d.
4 26
4 16
4 13
4 10
4 10
4 10
4 10
4 10
4 10
THE CHRONICLE.
r,74
BREADSTUFFS.
Friday. Sept. 13, 1901.
A fairly full volume of business has been transacted in
the market for wheat floor. Jobbers who in many instances
have allowed their stocks to run down to a low point have
appeared to show increased confidence in the situation; they
have made some fairly good purchases of spring-wheat flours,
including new spring-wheat patents to arrive at $8 SO.
Winter- wheat flonr also bas hadja fair pale, and the demand
for city mills bas been fairly activs. Choice new-crop rye
flour has been in fair demand at steady prices. Corn meal
has been in moderate demand, including some sales for ex
port; prices have held steady.
Specnl ttion in wheat for future delivery has been on a moderate scale only and no pronounced changes have occurred in
The
prices; the undertone of the market has held steady.
immediate effect of the attack at Buffalo on President
McKinley was to weaken prices slightly. The movement of
the crop, particularly in the Northwest, has been large.
Favorable progress has been reported from the interior for
the planting of the winter-wheat crop. Wet weather was
reported in the winter-wheat belt, which was considered
favorable. The principal sustaining factors to the market
have been a fairly good export demand and continued free
clearances from the seaboard. The Hnngarlan Minister reports the world's wheat crop at 2,624,000,000 bushels, against
2,564,000.000 bushels, official, last year; export surplus, 460,000,000 bushels; import requirements, 47", 000,000 bushels.
Business in tbe spot market has been fairly active, exporters
being steady buyers here and at outports prices have held
fairly steady.
To-day there was an easier market, prices
declining, influenced by the less favorable reports of the
The spot market was moderately
President's condition.
active. The sales for export here and at outports were 210,000 bushels.
DAILY CLOSING PRIOBS OF MO. 2 BED "WHITER IN
YORK.
Frx.
Sat.
Mon.
Tuet.
Wed. Thurt.
dash wheat f. o. b
76%
75%
76%
75%
763s
763s
74
Sept. delivery In elev.... 748a
75
74%
74%
743s
Wheat, per bush.—
Hard Duluth, No.l
N'theru IJul., No.l
Bed winter, No. 2
Hard N. Y. No. 2.
lats— Mlx'd.p.bush.
76%
elev
7938
76%
76Sj
79%
790b
DAILY CLOSING PRICES OF NO. 2 SPRING IN
May delivery In
Bept delivery in elev
Deo. delivery in elev
Sat.
Mon.
Tuet.
68
68%
6«%
76%
79%
76%
75%
7938
79
68
Thurt.
683e
elev
from Buffalo. The spot market was
export were 80,000 bushels.
quiet.
The
sales for
NEW YORK.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
Tuet.
Bat.
Mon.
Wed.
Cash oorn f. o. b
62%
63%
62%
62%
8ept. delivery in elev
Dec. delivery In elev
May delivery in elev
81%
61%
62%
61%
62%
6338
613s
61%
62%
61%
61^
62%
Thurt.
Fri.
62%
61%
61%
63%
62%
61%
61%
62%
DAILY CLOSING PRIOBS OF NO 2 MIXED COBN IN CHICAGO.
Mon.
Tuet.
Sat.
Wed. Thurt.
Fri.
Sept. delivery In elev....
55
Dec. dellvervln elev.....
67%
May
59
Oats for future delivery at
delivery In elev
55%
55
55%
57%
57
57%
59*4
59%
58%
the Western market have
55%
57%
59%
55
56%
58%
been
No. 2
mLxed
ti0%*(;2'<*
Western yellow
Western white........ 62% * 00%
Bye, per
bush—
54% 9.57%
56 957
60 ©67
54 ©57
Western
State and Jersey
Barley— Western
Feeding
Agricultural Department's SEPTEMBER Report.— The
wm
1-
1901.
Stales.
r-i
1900.
H
i-i
rH
1899.
r-i
i-i
Si
a,
Illinois
Iowa
Missouri
Ohio
49
55
29
19
49
33
60
46
Pennsylvania...
51
57
29
19
57
36
73
85
70
78
48
57
53
92
89
87
70
74
84
88
78
83
87
89
64
88
88
87
84
104
84
55
99
73
95
99
101
99
75
69
90
75
rH
to
ft
—
I
5
67% Texas
70% Tennessee
73%
poorer than generally expected. It made the average condition Sept. 1 51*7, against 54 on Aug. 1, and indicated, it
was figured, a crop of 1,337 000,000 bushels. Following this
report prices on Wednesday made a fairly sharp advance.
At the higher prices, however, speculative holders became
fairly free sellers, and the improvement was lost. Shorts
took advantage of the selling to cover their contracts, with
tbe result that the outstanding speculative interest in the
market was much reduced. The "Cincinnati Price Current"
says that the corn crop promise is regarded as fully equal to
a month ago. Business in the spot markets here and at outports has been quiet; prices have followed futures. To day
there was a weaker market under the less favorable news
o.
60%982%
61%»62%
Western mixed
report of the Department of Agriculture for September 1
respecting cereal crops was issued Sept 10, as follows:
The monthly report of the Statistician of the Department of Agriculture shown the average condltl n of corn on September 1 to have
been 51-7. Then
a decline durlnu August amounting to 2-3
points, and the condition on tbe first of the present month was 28 9
points lower than on September 1. 1900. :<35 points lower than at the
corresponding date In 1«99, 31 points below the mean of the September averages for the last ten years, and 8 3 points below the lowest
September average, tha of 18*1, ever before reoorded. While the
August rains were beneficial to late-planted corn, it Is only lo a few
States that the crop as a whole shows any improvement or has even
held its own during the month. There has been a decline of 13 points
in Ohio, 8 in Indian*, 2 in Illinois, Iowa and Texas and 3 in Nebraska.
In Kansas and MUsourl ihe local gains and losses about counterbalance eaoh other, and in these States the condition of the crop as a
whole is represented by the same figures as on August 1.
The condition of corn on July 1, August 1 and September 1
in each of the last three years is shown in the following:
CONDITION OF CORN.
Fri.
70%
71
7058
70%
70%
74
73%
74%
74%
738s
Indian corn futures have been moderately active, but for
the week prices show only fractional changes. The Bureau
report issued after the close of business on Tuesday was
May delivery In
87%w40
39% 944
88% 939%
40 941%
No. 2 white
LXXin.
GRAIN.
Oorn, per bush.
e.
Nominal.
74 975%
74 97*%
74 ©75%
Wisconsin
CHICAGO.
Wed.
<v
White
No. 2 mixed
NEW
Deo. delivery In elev
[Vol.
86
105
99
71
98
85
98
98
98
94
76
79
92
90
J_
92
102
101
93
89
93
90
88
88
80
77
41
88
91
89
83
85
87
95
85
87
75
90
96
79
77
74
84
91
82
88
106
94
99
90
95
91
98
87
76
73
93
86
31
85
92
90
93
85
89
85
84
84
83
80
85
Average U. S. 51-7 54-0 81-3 80-6 87-5 895 85-2 89-9 86-5
The average condition at harvest of winter and spring wheat combined was 82-8, against 69 6 last year, 709 in 1899, and a ten-year
average of 80" 3. North Dakota, Calif ornia and Oregon report a condition 7 points, Washington 12, Indiana 16. Illinois 19, Mls-ouri 22,
and Kansas 2* points above their respective ten-year averages. On
the other haud, the average condition in Iowa is 2 points, in Ohio and
South Dakota 3. Pennsylvania 6, Minnesota and Nebraska 8, Michigan 22, and Texas 36 points below the respective ten-year averages of
these States.
The average condition of oats when harvested was 721, against82-9
and a ten-year average of 816. Of the States
having the largest acreage devoted to this product, only Iowa and
Minnesota report a condition comparing tavorably with their ten-year
averages, the former being 1 point and the latter 4 points above such
averages. On the other hand, the condition of the orop in Ohio and
last year. 87 -2 In 1899,
Michigan Is 3 points, in Illinois 7, in Indiana 8, Wisconsin 11, Nebraska 20, Kansis 2 1, New York 25, Pennsylvania 34. and Missouri
41 points below the respective ten-year averages of these States.
The average condition of barley when havested was 8 38, against
70 7 last year, 867 in 1899, and 8 3'1 the mean of the averages of the
last ten years.
The condition at harvest of winter and spring rye combined was
84*9. against 84*2 last year, and 86 4 the mean of the averages of the
last ten years.
The average condition of buckwheat on September 1 was 909. as
compared with 91 1 on August 1, 1901, 805 on September 1, 1900,
752 on the corresponding date in 1899, and 853 the mean of the
September averages of the last ten years.
An improvement in the condition of rice during the month of August
is reported in but two of the rice-growing States -Florida and Texas.
In Louisiana and North Carolina there has been no appreciable change
and South Carolina Georgia and Alabama report declines. In Louisiana, the ohief seat of the rice growing Industry, the
condition is 4 points above the mean of the averages of the last seven
in condition,
have been fractional, but the tendency has been towards a slightly higher basis. The Bureau years.
The condition of the various crops on September 1 for a
report issued on Tuesday afternoon indicated a crop of 763,of years is as follows:
series
425,000 bushels, against an actual crop of 809,126,000 bushels
1899.
1898.
1897.
1896. 1895.
1901. 1900.
September.
last year.
The spot market has been moderately active at
98'4
85-2
84-1
79-3
51-7
910
80 6
steady prices. To-day there was a steady market. The spot Corn
74-3
75'4
70-9
85-7
82-8
86*7
69 6
market was moderately active and prices advanced slightly. Wheat
90-1
82'0
83-7
84-9
84*2
894
820
Rye
DAILY CLO8ING PBIOBS OF OATS rN NEW YORK.
74-0
86-0
84'6
72-1
82*9
87-2
790
Oats
Sal.
Mon. Tuet.
Wed. Thurt.
Fri.
87-6
86-4
83-1
86-7
79-2
83-3
NO. 2 mixed In elev
88
38
38
38
38
70 7
38% Barley
40
40
40
Wo. 2 white in elev
40
40
40% Potatoes
90-8
83-2
77-7
52*2
80*0
86 3
6S-7
quiet; changes in prices
DAILY CLOSING PBIOBS OF NO. 2 MIXBD OATS IN CHICAGO.
Sat
Mon.
Tuet
Wed.
Thurt.
Fri.
Bept. delivery in elev
Dec. delivery in elev
May delivery In elev
33%
34%
37%
33%
33%
33%
35
35
35
33%
35%
37%
34%
3.t%
37%
37%
37%
37%
Rye has sold slowly; prices have been without important
changes.
Barley has been neglected.
Following are the closing quotations:
FLOUB.
Fine
Patent, winter
$2 20 ©2 35
$3 50 ©3 90
Superfine
2 35 @2 50
City mills, patent. 3 85 ©4 30
Extra, No. 2
Rye flour .superfine 3 00 ©3 60
2 50 92 60
Extra, No. 1
Buokwheat flour
2 70 ©2 80
© ....
Clears
2 85 ©3 25
Oorn mealStraights
3 25 ©3 70
Western, eto
S 10 ©3 20
Patent, spring
3 70 ©4 45
Brandywine
3 30
(Wheat flour in sacks sells at prices below those for barrels.)
Cotton
Buokwheat
71-4
90-9
68 2
80-5
68*3
75-2
79-8
88-3
Government Weekly Grain Report. —
78-3
95-1
64-2
70-8
87-5
932
Mr. James Berry,
of the Climate and Crop Division of the U. S.
Weather Bureau, made public on Tuesday the telegraphic
reports on the grain crops in the various States for the week
Chief
ending Sept. 9 as follows:
Weather—The weather conditions
of the week ending Sept. 9,
IPO i, have been generally favorable for gathering and maturing late
crops in nearly all seotions east of the Rocky Mountains and on the
Pactflo slope. Rains re arded work In Nebraska and Sourb Dakota
and caused some damage to crops in the first-nam^d State, while
drought conditions still continue In portions of Texas and Oklahoma,
and rain is needed in the central vaileys. Light frosts were quite
general In the R^cky Mountain region and in Michigan, with little or
no damage, and snow occurred is Montana. Condi ions have been
September
14,
CHRONICLE.
TIIK
1901.
particularly favomiiio in th« South Atlantic and (inlf districts, trhleh
lutve in the four previous weeks experienced unusual and heavy
Oli'ltatioD.
Coun —Reports from
the principal corn-producing States wt.it of
the Mississippi River Indicate that late corn Is maturing rapldiy and
that cutting lain active progress In all seoilonp, DHng iiearh oom
pitted In soine lota itlea. Tli- late crop continues to Improve In Ne
brat-ka ami l« iiiiIuk better than anticipated. In low.i the iiuii< ol
late-planted tie, as will be beyond dangt t from frosl by Beptembi
In the dry section of the State about one half the acreage belna al
ready In shock, except petitions of northern districts. In Missouri
the crop Is <1r)tng up. Generally favorable reporis are received from
States east of the Mississippi River, with the exception of Illinois,
where corn has deteriorated slightly and its maturity hastened by
dry weather. Cutting Is In progress in the northerly sections undi r
very favorable conditions,
Plowino.— Owing to dry soil condition-, plowing has been retarded
In Michigan. Wisconsin, Illinois, Missouri, Oklahoma and portions or
Kansas and the States of the Ohio Valley; elsewhere this work has pi o
gressed rapidly. Some wheat has been sown in Missouri, but the i-oll
Is too dry for germination, and seeding has begun lu other districts
where conditions were favorable.
1
ii«i/i
-aloth
i
The movement of breadBtuffs to market as indicated in the
statements below is prepared by ns from figures collected
by the New York Produce Exchange. The reoeipts at
Western lake and river ports for the week ending Sept. 7,
and since Aug. 1. for each of the last three years have been
*-
SHItptl
Ohloaso
Whtat.
flour.
Corn.
BirltV-
Oat$.
•«
Bbit.ioewt Bu*A.60ibt Buth.seibt fluiA.:)211n Bus*. 4816.
208.473
8.778,006
1.901,218
771.280
1>20.420
.
Milwaukee
809,760
1,774.788
2,920,820
87,300
241.200
813.700
7,429
178,450
609.610
1,310
870.878
840,849
82,307
436,800
446,249
7,160
83,279
18,000
83,795
9.2C0
31,413
19,659
46.260
865,7118
249.800
189.903
878,125
16.760
17,050
25.6C0
397,000
136,000
24.890
868,800
108.000
114,000
8SJ.776
123,600
Minneapolis.
Toledo
Cleveland
St. Lonis ...
reorla
.
Kansas City
51.150
Btt.fi/ii-
70.600
60.760
121,308
147,240
114,447
4,224
....
20 263
700
~~
793.708
9,111.331
4.066,393
S.919.6C2
8,120,744
466,570
442,821
7.856.8i8
3,443,lt'i
5.600,444
6,636,919
6,681.438
4,281,928
740,422
681,836
9,58fl,4f9
41,961.84'-
17,455,744
28,401.801
8.269.417
41.067,81-9
2557.629
26.88S.713
10.657,278 28,348.461
26.01-6.312 28,811.993
Tot.wk.lROl
Same
Same
wk.'OO.
wk.>ee
6tn«i Au§.
1901
4,666,263 8,279.039
2,113,763
543,621
2 107,535
832.987
The receipts oi Hour and grain at the seaboard
the week ended Sept. 7, 1901, follow:
Mew York
bbl*.
bush
101601
709.000
179.676
143,262
358.950
96 .308
17.938
670.400
190.000
Boston
Montreal
57,800
Philadelphia
71,733
96.448
4.040
14.498
43,715
lf.wfcO
Baltimore
Blobmond
Orleans*
Newport News
808.700
181.882
80,3*9
109.446
66.683
73,374
65,800
ports for
B«rl«t
buth.
Oats.
buth.
729.: 00
113.8M9
44.245
110,039
Corn,
buth.
FlOUT,
Rt*iiftl*t-
Norfolk
OalTeston
846.119
1.
1899
Mew
541.268
116.299
29,250
8o'6
20,010
4,866
"4.100
101,~51
44,68*
22.800
1,003
117,5'
26:1.260
Me
Portland,
24,810
1,288
Total week
4e0,047
877,814
3,615,098
66.263
6,086
1,166.011
438,273 8,544,467 1,979.191 8,193,464
Week 1900
69.204
72,863
Total receipts at ports from Jan. 1 to Sept, 7 compare as
follows for four years:
of—
Receipt*
lour
Wheat
Corn
Oats
Barley
Bye.
1901.
bbls. 14,970,517
1900.
14,528,468
bush. Ill, 2M4.646
"
92,122,000
"
61,034,108
"
3,194,219
"
2,821,527
66,761,608
129,7*1,870
63.682.B15
7,7l4,163
1,848,073
Total grain
"
283.166.400
1898.
13,240,524
1899.
11,4-17,247
S0,573,633
76,000,597
147,750.253
87,388,89 <
3,110,927
13i,24ft,337
62,855,609
4.612,781
4,303,285
301.412.713
The exports from the
several seaboard ports for the week
ending Sept. 7, 1901, are shown in the annexed statement:
fVhtat
Corn,
Hour,
Oats.
Psas,
£arUi
Rv*.
.sports /rem
-
bu»h
but h.
New York
269.1H
Boston
161,092
444.109
303.007
2*.hi0
Portland, Me.
Philadelphia.. 896.600
Baltimore....
208,003
New Orleans. 1.C8U.920
Norfolk
117.600
Newo'rt News 19V.000
Montreal
163,920
Oalveston....
806 1 00
Total week
Same time '00.
The
8ept.
34.885
26.131
ll.lcO
'
bblt.
66,67(5
bunh.
30,500
5.102
l,v33
88,774
29,131
20,662
105.000
5.459
26,617
16,7fcd
to—
bblt
United Kingdom 111.793
61666
16.374
B. it C America.
Total
Total 1900
.
oust,.
1,
190i,
buth.
Sept. 7.
OUJ/l.
843,388
3,396,488
2,396,486
2,587
200.173
179.783
200,178
179,782
8.239,874
1,912,689
612,812
3,239,874
1,912.689 3.704.239
13.1-67
26,164
813.1:88
since
-—— — C'srn.
w*tk Bintt
111,792
61,5i6
16,¥74
18,t57
2.587
Continent.
West Indies
Br.N.Am. Colo's
Other oountrles
TPasat.
Sinct S«»t.
Wtth
Sept. 7.
11,856
32,545
week and
destination of these exports for the
1900, is as below:
Sspt. 1
391.6S8
6»,098
48.103
13,718
s#»t.
1. 1901.
Outti.
391,e83
69.0H8
48,108
13.718
612.618
2,'01,329
The
visible supply of grain, comprising the stocks io
granary at the principal points of accumulation at lake and
seaboard ports, Sept. 7, 1901, was as follows:
fVHttit,
In
stors
BewYork
Do
at—
afloat
Boston
Philadelphia
Baltimore
New Orleans...
Galveston
Montreal
Toronto
Buffalo
Do
™
Corn,
but ft.
Oats,
bush.
198.000
9.000
113/-J0
81,000
24,uou
70,000
677,000
33,000
BVt,
Bum*
buth,
butk.
76.000
88,000
100,000
468 ^uu
6t9.000
1,166 000
487.000
673,000
97,o00
8.000
1,100,000
1,145,0'66
81.0C0
2.CO0
614.0UU
855.OJ0
817.000
915,000
383.000
6.000
103,000
310,000
"o.bto
iiY.00'0
68,000
867,000
882,000
afloat
886.000
426.UOU
18.000
471.000
670,110"
160.000
4o5.
Do
afloat
laimas City
'•oris
cdianapolls
n Mississippi Hirer.
<n l.aset
>n oaual and rlrer.
7.
taJ aept.
A in:.
81.
8ept.
iv-tal Sept.
1' .tai 8ept.
8
9.
10.
..
1901..
1901..
1900..
1890..
1898..
5*2.000
1,388,000
890,000
28 440.000
27.7WOOOO
51,73H000
86.129.000
8.107.000
261
19,000
22.000
1,3:
113 UU0
262.000
1
-00
000
3 rt/joo
41
2.OU0
(MM
'
878000
81
13.128 000
9,000
7.878.000
:UOO
H.s 5,000
6 on 1.000
1,277.000
1U riTrt.oOo
fi.857.000
7 -117.000
-'.
17.880.000
1
61
,
'«JU
1
S31.000
-7 OOO
tjy.000
.
133,000
THE DRY GOODS TRADE.
New Yobk. Friday, P. M.. Sept 13, 1901.
There has been a marked development of strength in the
cotton goods division of the market during the past week,
t-ucceeding a momentary indecision on receipt of the news of
the shootiDg of President McKinley on Friday last. The
dtmatcl has throughout been on a gradually expanding scale
for both immediate and forward requirements; the tone
has hardened and various advances in prices have been
quoted. The improvement has been due entirely to inside
cotditions. There is an active business in progress at second
hande, jobbers generally beiDg veiy busy, while the market
at first hands shows but limited stocks in the aggregate
being carried. It is not easy for buyers to fill quick requirements, and sellers are growing more reserved over forward business. There has been a remarkable change in the
print oloth situation, large purchases by printers and others
relieving Fall River manufacturers of most of their latelyburdensome stocks, tnd causing an advance in price to the
level of 3c. per yard for regular print cloths.
Woolen Goods.— The demand for woolen and worsted
fabrics for men's wear has this week been confined to email
orders, and only a limited number of these has come forward.
There has been occasional evidence of a duplicating demand,
but the supplementary business in light weights has made
The general condition of the market is
little progress so far.
unchanged. Most lines of staples are well sold and firm,
with here and there a shortening of discounts, but there are
some staples which have not done well, chiefly in low-grade
varieties, and these have an easy tendency. There has been
fully as much irregularity in fancies as before, and lower
prices are being accepted in some quarters in order to reduce
unsold supplies. Satinets and doeskin jeans continue quiet.
Tbe demand for overcoatings and cloakings has been moderate at previous prices. A fair amount of business has been
done in woolen and worsted dress goods for spring, with
buyers paying most attention to staples.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending Sept. 9 were 1,309
packages, valued at {62.351, their destination being to the
points specified in the tables below:
Sew Yobk to
1901.
Week. Since Jan,
Great Britain
36
14
China
India
Arabia
.
...
1900.
Sept. 9.
.
......
2
226
37
54
738
202
1,309
Week.
1.
32
3,543
1,015
71,265
2,892
30,885
6,651
15,208
1,379
5,222
41,268
7,125
1
Since Jan,
1.
l,5f 3
1.266
140 445
8,889
23/2?.9
385
2.S79
19.828
2,239
8.516
SO,926
6,572
2,723
246.412
9
618
25
263
1,390
186,453
The value of the New York exports for the year to date
has been $8,015,233 In 1901, against $10,764,426 in 1900.
There has been no material change in the demand for
heavy brown sheetings and drills on home account, and Export buying has been quiet. The stiff attitude maintaii
by sellers checks business to some extent. Bleacned cottons
have been in improved request, with an upward tendency in
prices, and an advance of *£c. is quoted in Fruit-of-the Loom
and Lonsdale and in some of the low grades. Most agents are
well sold up. Wide sheetings in medium grades are scarce.
Only a quiet business has been reported in cotton flannels
and blankets. Ducks also are quiet, but brown osnaburgs
have sold in fair quantities Advances of ic. have been recorded in some lines of plaids and cheviots, and the general
tendency of the market for coarse.colored cottons is upwards.
Kid-finished cambrics have advanced ^o. Staple lines of
printed calicoes are generally '^c. higher, with printers reserved in accepting orders for goods not in stock. Fancy
prints also occasionally ^.higher. Ginghams are firm, with
a fair demanol.
large business has been done in print
cloths, the market closing strong on the basis of 3c. for regux
A
70,000
lars.
6,000
81.
:0'
9.
87,000
83,000
afloat
Detroit
Do
8.868. n
afloat
Toledo
Do
buth.
Jl.Ocu
....
200.176
126,500
179,788 1,843,108
,
11,'JOO
4.958,00"
3.37U
50,(00
1.21W.UOO
75H.OOU
Total
5,897
l.UOO
JU«.
816400
South America.....
Other Oountrles.... ........
404
180
flour.
TVmJc
Bint, Sept.
Sevt.7.
1,1901.
1.1901.
loi.ooo
West Indies
Mexloo
25.617
1,
Assorts /er
mctk and into
322,010
buth.
43,716
17,197
3.23P.S71
612,613
1,912,689 2,704,349
bush
buth.
111.000
10,282, 43
285,590,635
265,728,361
•
rotai
l,81U,^i>
afloat
Minneapolis
r
»ft.
6,9du,uO0
1,1
Do
-'«.
bUth.
j.jUC
t
nflout
DO
*ilwaokee
»6ost
Do
n. WiirmB Pt. Arthur
m.
boat,
11
—
In alureat
oOSIIU
,
575
'
67.000
of staples and high novimported dress goods have been in fair demand at
firm prices. Silks and ribbons continue firm, with a moderate business doing.
Linens tend upwards on the strength
of foreign advices. Burlaps continue dull and easy.
Foreign Dry Goods.— Fine grades
elties in
THE CHRONICLE.
f>76
/W
Br/iit
City
D*W*tm£WT.
^p^^^b^'WWNf^'
News
Items.
[VolT LXXIII.
ings Bank at 102- 10— an interest bisis of about 3-35*. For
description of bonds see Chronicle Aug. 31, p. 459.
Allegheny County, Pa.— Bond Offering —It is stated in
local papers that proposals will be received until 12 M., Oct.
22, for $550,000 3'^ 80-year road-improvement bonds.
Amesvllle (Ohio) Special School District— Bond Sale.—
Alma, Wabaunsee Count?, Wis.— Bond Compromise.— We are advised by Dr. Z. L. Henry, District Clerk, that on
The following is taken from the Topeka "Journal" of Sept. 3: September 5 an issue of $5,000 5% 1-10-year (serial) bonds was
The Alinu City dobt of $40,000 linn boon nt last nrranced by n compromise.
awarded to the Bank of Athens at 106. Following are the
$20,000 of
The presort
holders of the bonds win lot tho city off for$'A'>oo,
will bo taken by the Alum Hunk, mill tbo remainder by wealthy fin
town.
of the
The insolvency of ihooriniimi bondholders, hi; Gerrard Trust
Co., was responsible for tho sudden rail on the dly. Twenty years' time will
be kIvi'h i.t .the bank, whtoh takes the heavy end of the debt.
During the "coal-hole" excitement u politician Imported a irge gang of
laborers about Ibree months prior 10 the election, mil thev voted tho bonds
by a small majority over Hie beads Of the tai -pavers, and the snbseqaent collapse ol the coul -hunting enterprise left the town In its present fluanulal con-
which
-
i
I
dition.
New York State.— Equalized Valuations. —The State Board
of Equalization met on Sept. 2, 1901, and adjusted the real
estate values in the several counties for State taxation.
give below the value of real estate for 1900 and the amount
added or deducted by the board in adjusting these values
Am r v/nt
Amount
Asm
AtUtttA
added or
mi o) it'll
afau o
adi
We
:
iti
i
$
Albany
Allegany
13.-.74,'
Broame
Cayuga
32,147,931
23.071.H10
30,904,660
Chautauqua..
85,70(1,385
Chemung....
28.981,087
14,692,613
6,147,300
22,022,713
12,702,845
Chenango....
Clinton
Columbia....
Cortland
Delaware....
Dutchess
Erie
Onondaga..
Ontario
Essex
Franklin
Fulton
Genesee.
Greene
....
71
—1,443,052
Orange
—2,165,704.
Orleans
—1,387,241
7.664, H58
Oswego
—
+23 ',376
— 467.2S6
Hamilton....
8,690168
Herkimer
26,*22.f>26
Putnam
Queens
Rensselaer...
— 767,547
Richmond...
Uockland
St. Lawrence.
—181,906
Saratoga..
..
Schenectady.
Schoharie...
Schuyler
Seneca
Steuben
4-11.006.506
—1,278,622
—444,108
—102,429
—90,823
—217.743
—792,226
—5.383,106
Suflolk
Sullivan.
.
Tioga
23,831.491
33,136.457
—4,920,951
Kings
651,-83,900 +25,656,890
Lewis.
M84,836
8,889,872
Livingston...
23,309,098
4-225,864
Madison.
17,928,549
4-706,147
Monroe
141,999,097 —16,545.916
Montgomery. 23,671,811
—432,709
i2,495,862
Nassau
+1,965.203
York.... 2,369,997,604 +130,112,812
Niagara
42,095,810
r-,364,203
Oneida.
54,925,970
—7,683,604
Jefferson
Tompkins....
Ulster.
—
New
$
lie,29\937
OtsegO
+2,542,814
—1,904,587
—1,763.80s
I3,l4fl,:«9
40,818,991
279,421,584
10,083,254
9,8 J 3,727
12,663,319
20,044,677
11,881,586
Counties.
—8,76:5,395
— 43\07S
03,25 ?.l 97
Cattaraugus.
estotr.'lWM.
deducted
$
tstatr, 1900.
Counties.
Warren
Washington..
Wayne
Westchester.
Wyoming....
Yates
38,970,0 16
1J,?< 8,053
24,216,312
19,318,744
6,824,382
104,427,872
72,492,317
deducted.
m
-19,505,279
— 1,646,686
4-2,0 '9,655
—1,207.632
— 77<\138
—614,416
—580,281
—12,168,069
—6,804,708
42,72;i,c24
4-2,845,641
16,23K,213
35,0S4,848
23,716,894
17,282,«98
10.8 '9,321
6,132,625
13,976,948
82.568,074
46,171,593
5,681,194
12,882,636
15,759,318
26,402,688
7,614,933
16,906,179
22,492,670
171,709,873
13,853,616
10,131,674
—2,069.338
^,91 1,468
4-676,865
+167,471
—1,270,003
—112,677
—978,700
—3,793,7f>8
—6,374,891
-254,119
—718,515
—1,293,841
—1,521,394
—887,302
—974,179
+547,090
—36,883,633
—245,130
-322,323
—
Total
6,093,025,771
Mds received
:
Ba»'kof Athens
$5,300 00
I). H. Mooie. AilK-ns
6,176 00
I.amprecht Bros. Co., Cleve.
6.010 00
.
First Nat.
I
W.
J.
A,
Sons, Cleve...
6.000 00
.
|
Securities are in denomination of $500, dated Sept.
5, 1901.
Aylmer, Ont. Debenture Offering.— Proposals will be received until September 20 by A. H. Backus, Chairman of
the Finance Committee, for $20,000 4% electric-light debentures maturing part yearly for twenty years, and $8,000 4%
local improvement debentures maturing part yearly for ten
years.
Ballard School District No. 50, King County, Wash.—
$8,000 20 year bonds were
Seattle at par for 4\i per
cents. Following are the bils
Arthur E. Bryan (for 4^8)..
18.000 Thompson, Tenney & Crawford
W. I). Perkins & Co. (for 4>^s).. 8,011
Co. (for 6s
$8,370
Morrison & Eshelman (for 6s)... 8,200
For description of bonds see Chronicle Aug. 17, p. 356.
Barberton, Ohio.— Bond Offering.— Proposals will be received until 6:3 p. M., September 30, by W. A. Witner, Village Clerk, for the following 5% assessment bonds
Bond Sale.— On September 3 the
awarded to Arthur E. Bryan of
:
I
i
.
)
:
$10,600 5J Sewer District No. 1 honds, Bine in denomination of tl/'OO and one
of $1,600. Maturity, $1,000 yearly on Oct. 1 from 1902 to 1910, Inclusive, and $1,600 on Oct. 1, 1911.
8,200 6% Second Street bonds, nine in denomination of $800 and one of $1,005.
Maturity, $8oO yearly on Oct. 1 from 1902 to 1911, inclusive, and $1,000
on Oct. 1, 1911.
10,600 5% Tuscarawas Avenue paving bonds of like description and maturity
as the sewer bonds above.
Securities are all dated Oct. 1, 1901, and the interest will
be payable semi-annually at the American National Bank of
Barberton. All bids must be unconditional and proposals
for each issue must be accompanied by a certified check
for $100.
Bellevue, Ohio.—Bond Election.— An election will be held
September 23 to vote on the question of issuing $25,000 bonds
as a bonus to secure the location of a steel plant in this village.
—
Blue Earth, Minn.—Bonds Voted. This place recently
Ohio.— Bond Litigation.— The "Ohio State
voted
to issue $7,000 water-improvement bonds.
Columbus on August 22 contained the following:
ZaneKville,
Journal " of
Bank. Barnosvllle. $5,109 00
Hayes
Cambridge, Ohio. Bond Sale.— On September 9 the $15,4% refunding bonds were awarded to Rudolph Kleybolte
& Co., Cincinnati, at 102-266. Bonds mature Aug. 1, 1916.
For full description of same see Chronicle Aug. 31, p. 459.
Celina, Ohio.— Bonds Re-awarded.
We are advised that
the $25,000 4% highway bonds awarded on July 30 to
Calls and Redemptions.
W. R. Todd & Co., Cincinnati, have been re-awarded to
Buffalo, N. Y.—Bond Call— Philip Gerst, City Treasurer, another party not named by the Finance Committee.
Chickasaw County, Miss.— Bond Sale.—The Board of Sucalled for payment September 3 a large number of local
warrants, the numbers of which may be obtained by ad- pervisors has sold an issue of $10,000 5% 20 -year bridge bonds
to F. R. Fulton & Co., Chicago, at par.
dressing that official.
Cincinnati, Ohio. Bids. The following bids were reFrederick County, Md.—Bond Call.—C. C. Ausherman,
Clerk, has called for payment October 1, at the Citizens' ceived on Sept. 10 for the $250,000 %%% viaduct bonds
....)
National Bank of Frederick, 4% county bonds issued under Seasongood & Mayer ;|dn .$257,224 Atlas Nat. Bank
German Nat. Bank.
R. Kleybolte & Co
^Cin...$251/ 09
Chapter 211, Laws of 1888, and Chapter 78, Laws of 1890.
Western German Bank
Missouri.— Bond Call.—The State Board of Fund ComThere was no award made, it is stated, owing to the inmissioners has voted to call for payment October 1 $300,000 junction proceedings recsntiy instituted and not jet settled.
bonds of this State, thus reducing the amount outstanding For description of bonds see Chronicle Aug. 17, p. 356.
to $1,587,000.
The bonds so called are numbered from 5,114
Bids. The following bids were received on September 5
to 5,413, inclusive, issued Jan, 1, 1888. The holders of these
for the $110,000 Z%% special "condemnation" bonds, action
bonds, we are advieed, have signified their willingness to upon which was postponed pending injunction suit brought
waive notice in the newspapers and surrender their holding by Franklin Alter, a taxpayer
for payment without the call being advertised.
$111,716
BOl
German Nat. Bank. Cincln
San Antonio, Texas.— Bond Call— Marshall Hicks, Mayor, Seasongood & Mayer, Cincln... 111,666 Atlas Nat Bank.t. ?°::. \ Cin. ..$111,009
calls for payment Oct. 1, 1901, at the National Bank of ComCleveland, Ohio. Bond Offering. Proposals will be remerce, New York City, or at the office of the City Treas- ceived until 12 m., October 14, by J. P. Madigan, City Audurer, $51,000 10-20-year (optional) San Antonio & Mexican itor, for the following bonds
Gulf Compromise bonds issued May 1, 1882. Bonds called $100,000 i% funded debt coupon bonds, dated Nov. 1, 1901, and maturinglNov.
1,1911.
are numbered 1 to 80, inclusive, and 89 to 110, inclusive.
110,000 i% market-house coupon bonds, dated Oct. 1, 1901, and maturing Oct.
Stockton, Cal.— Bond Call.— I. S. Haines, City Treasurer,
1, 1M23.
calls for payment Sept. 10 the following bonds
Securities are in denomination of $1,000. Interest (semi-anMunicipal Improvement Fund, No. 1— Series No. 1— Nos. 51, 52, 63, 54 and 55
nually) and principal will both be payable at the American
Municipal Improvement Fund, No. 2— Series No. 2— Nos. 31. 82-and 83.
Exchange National Bank, New York. A certified check for
Municipal Improvement Fund, No. 8— Series No. 8— Nos. 21 and 22
Municipal Improvement Fund, No. 4— Series No. 4— Nos. 31, 82 and 33
5% of amount bid for, payable to the " Treasurer of the City
Municipal Improvement Fund, No. 5— Series No. 5— Nos. 19 and 20.
of Cleveland," must accompany each bid. Blank forms, upon
Thomaston, Knox County, Me.— Bond Call.- The Town which all bids must be made, may be obtained on applicaSelectmen have called for payment Dec. 81, 1901, bonds tion to the City Auditor.
Nos. 17 to 20, inclusive, dated July 1, 1881, and maturing
Loan Authorized. The City Council on September 3 passed
July 1, 1921, but which are now subject to call. Securities a resolution authorizing the Director of Accounts to borrow
are in denomination of $1,000.
$100,000 to pay for damage done by the storm of September
1 to various public improvements.
Coleridge, Neb.— Bonds to ,oe Issued.— This village will
Proposals and Negotiations this shortly issue $3,500 5% 5 20-year (optional) refunding water
Zanesville, Aug. 21.— Judge Frazler to day granted a temporary injunc-
tion at the Instance of
Anna
a taxpayer, restraining Treasurer McGlashan from paying the interest or principal of $40,000 bonds issued by the
ci'.y of Zanesville In 1890, on the ground that the issue was illegal.
The City
Council was likewise restrained from refunding the bonds.
8. Griffith,
001)
—
Bond
—
:
.
—
:
—
:
:
—
Bond
bonds.
Crafton,
week have been as follows
Ada County (Idaho) School
:
District No. 13.— Bond Offering —Proposals will be received until 2 p m., September 28
by Geo. G. Fry, Clerk, at the office of Wyman
Wyman',
N-\ 707 Main Street, B rise City, for a $600 Q% 10-year coupon
bond.
Albany County, N. Y.—Bond Sale.—On September 9 the
$18,000 Z%% 1-18- year (serial) refunding city-hall bonds were
awarded to W. J. Hayes
Sons, Cleveland, at 101-15— an
interest basis of about 3 358£, and the $21,000
3}^ 19-year
refunding city-hall bonds were awarded to the Albany
Sav-
&
&
Pa.— Bond Offering.— Proposals will be received
until 7 P. M., September 17, for the $23,000 4% bonds mentioned
in the Chronicle August 3. Securities are as follows: $7,000
for street improvements, $7,000 for funding purposes, $6,000
for school purposes and §3,000 for sewers. These bonds were
authorized at the election held July 27, 1901. They are in
denomination of $1,000, dated Sept. 1, 1901. Interest will be
payable semi annually at the Freehold Bank of Pittsburg.
Principal will mature $1,000 Sept. 1, 1907, and $1,000 yearly
certified
on September 1, from 1910 to 1931, inclusive.
check for $200 required with bids.
A
September
THE CHRONICLE.
14, 1901.]
Danbury Conn.— Bonds, How
,
Prepared.— In requir-
to be
ing that purchaser of the $215,000 funding bonds of this city
shall bear the expense of furnishing blank bonds, the Special
Bond Committee, we are informed, understands that the
bonds are to be prepared and certified to as to their genuineness by the United States Mortgage & Trust Company of
New York
City.
to be sold Sept. 25, 1901, at
8 P. m.. as advertised in last week's Chronicle.
This city has borrowed
Dayton, Ohio.— Temporary
$15,174 temporarily from the Sinking Fund for street repairs.
Loan will be paid upon the collection of taxes.
The above-mentioned bonds are
Loan—
Erie, Pa.— Bond Sate.— On September 9 the $70,000 4%
10-20 year (optional) paving bonds dated July 1, 19J1, were
Co., Boston, at 105-35 and acawarded to Mason. Lewis
crued interest. For full description. of bonds see Chronicle
&
Aug. 81, p. 460.
Fort Scott, Kan.— Bond Election.— In response to a petition signed by two fifths of the taxpayers of this city, Mayor
Goodlander has called a special election for October 8 to vote
to issue $10,000 of bonds for the purpose of
on a propositi
prospecting for natural gas near this city. There are a num-
m
producing small flows of gas at. the
is in th's Kansas gas bilt.
Fremont, Ohio.— Bond Sale.— The highest bid received
September 9 lor the $20,000 4g water works bonis was that
of the Croghan Bank of Fremont of 103-30—an .interest basis
Following are the bids
of about Z l Z <i.
ber of wells,
place, and it
it is
is
stated,
believed the city
/
:
Choghan Bank of Fremont.. |20,«60 00 W. R.TodU4Co..Clnclnnatl.$20,201 00
.mom Bav, Hunk, Fremont 20.435 00 Feder, Holzman & Co.. Cln.... 20,050 (»)
I
l
i
I
Seasongood & Mayer, Cincln. 20.005 00
KleyOoltesCo.. Cincin... 20.800 00
Bonds mature $10,000 in five years and $10,000 in ten years.
For full description of bonds see Chronicle Aug. 24, p. 407.
Fust Nat. Bank, Fremont.... 20,428 00
It.
I
Oallatin County Free High School District (P. 0. Bozeman), Mont,— Bond Sale.—On September 5 the $30,000 4%
10-20-year (optional) bonds dated July 1, 1901, were awarded
to N. W. Harris & Co., Chicago, at 100-25 and blank bonds.
This was the only bid received. For description of bonds
f>77
Co.. Minneapolis .... 116.850 OO
itsuixui. Prior £ Co.. (love.. 16.>»20 00
W. J. Hayes* Sous. Clave... 16.441 00
Kane &
.
State
ftftv. Bank, Toledo..
H A Kean. ihlOMO
Crawford l-lviiiunton Co..
I
<
1
.
1
•
For description of bonds see Ciikomclk Aug. 17,
Houston, Texas.— Bond Sale.— Da September 6 the 9240,000 paving, $60,000 sewer and the $j'j,(00 i-cbo<<1 Ui bonds
(offered but not sold on Aug. 38) were awarded to Blair &
Co., New York City, at 107-143. These bonds were described
in the Chronicle Aug. 10, p. 304.
Hyde Park, Ohio.— Bond Offering.— Proposals will be received until 12 M., October 10, by Frank L^wis, Village
Clerk, at the office of F. H. Kinney, Room 110, 519 Main
Street, Cincinnati, for $3,575 37 Isabella Street and $2,748 88
Marion Avenue 4 per cent 1-10-year improvement bonds.
Interest will
Securities are dated September 28, 19 )1.
be payable annually at the Franklin Bank of Cincinnati.
Accrued interest is to be paid by purchaser. A certified
check for 2% of bonds must accompany proposals. The amount
of bonds to be issued may be reduced if any assessments are
paid in cash.
Jersey City, N. J.— Bond Sale.— This city has sold to a
local
financial institution
the $35,00'J police-station-house
bonds mentioned in the Chronicle Aug. 81, 1901. Securities
Principal will
carry 4% interest, payable semi-annually.
mature $10,000 on September 1 in each of the years 1910,
1911 and 1912 and $5,000 Sept. 1, 1913.
Kent County, Del.— Loan Authorized.—-The County Levy
Court has authorized a loan of $5,000.
King County (Wash.) School District No. 9.— Bond Sale.
— On September 3 an issue of $3,000 20-year bonds was
awarded to Wm. D. Perkins of Seattle at 103 20 for 5 per
Following are the bids
cents.
*3.02fl
$3,096 Morrison & Esbelman (for 6s).
Wm. D.Perkins (for 6s)
3,060
Patrick McQee (for 6^8)
hompson, Tenner * Crawford
:
'i
3,064
Co. (for 6s)
Lakewood Special School District, Cuyahoga County,
Ohio.— Bonds Refined.—The Lamprecht Bros. Co., Cleveland,
who on July
18 were awarded $15,000 4% 1-15 year (serial)
bonds, have declined to take the same, according to local
reports.
Chronicle Aug. 10, p. 304.
Lindale (Texas) School District— Bond Sate.— The $1,000
Glen Ridge, N. J.— Bond Offering—Proposals will be re- 6% school- house bonds mentioned in the Chronicle Aug. 24
ceived until 8 p. M Oct. 25, by the Borough Council, for the
have been sold to an investor of San Antonio at 107-50. Se$35,000 4% coupon park bonds which were authorized at the
curities are in denomination of $50 and will mature July 15,
see
,
Securities are in denomination of
Interest will be payable May 1
and November 1 at the Bank of Montclair, Montclair, N. J,
Principal will mature as follows
$2,000 vearly on November 1 from 1920 to 1929 and $15,000 on Nov. 1, 1930. Bonds
are issued under Section 39, Chapter 161, of the Laws of 1897.
election held July 24.
$1,000, dated
Nov.
1,
1901.
:
Proposals muBt be accompanied by a certified check, payable
Borough Clerk, for 5% of the par value of the bonds
bid for. Accrued interest is to be paid by purchaser. These
bonds will be certified to as to genuineness by the United
States Mortgage & Trust Co.. New York City, and their
legality has been approved by J. H. Caldwell, Esq., also of
to the
New York
City.
Granite City, Madison County, 111.— Bond Offering.—Proposals will be received until 12 m., September 16, by Wm. E.
Griffith, City Clerk, for $14,000 5% 5-10-year (optional) bonds.
Securities are in denomination of $500, dated Sept. 1. 1901.
Greenburgh Union Free School District No. 10, Westchester County, N. Y.—Bond Offering. —Proposals will be
received until 8 p. m., September 19, by the Board of Education, Frederick Ranscht, President, for $3,000 4% bonds.
Securities are in denomination of $1,000. Interest will be payable semi-annually and the principal will mature $1,000
yearly on December 31 from 1917 to 1919, inclusive.
certified check for $150, payable to the above-named President
of the Board of Education, must accompany proposals.
Hardin County, Texas.— Bonds Approved.— An issue of
$15,000 bridge bonds has been approved by the Attorney-
A
General.
Hartington, Neb.— Bond Offering.— Proposals will be received until 8 p.m., September 20, by B. Raady, City Clerk,
for $5,800 5% 10-20-year (optional) light bonds. Interest will
be payable annually.
deposit of 5% of bid will be required.
The indebtedness of the city at present is $9,501. Tne assessed valuation is $117,416, about 20% of actual value. The
population is estimated at 1,000.
A
Haskell County, Texas.— Bonds Registered.—The State
Comptroller has registered an issue of $41,000 refunding
bonds.
—
Hatboro, Pa. Bonds Authorized. The Council has authorized the issuance of $1,100 4% bonds.
Hillsboro, Ore.— Bond Sale.— This city sold last month at
private sale an issue of $24,500 b% 10-year gold water and
light-plant bonds at par. Interest on these bonds will be
payable semi-annually.
Hoboken, N. J.— Bond Offering.— As stated last week, this
city will offer for sale on September 25 an issue of $196,000
V?i% 30-year refunding bonds. Proposals for these bonds
will be received until 4 P. m. on that day by the Mayor and
Council at the office of John Haggerty, City Clerk. A certicheck for $5,000 will be required with bids.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Hopkins, Minn.— Bond Sale.—On September 3 the $15,000
5* 2-16 year (serial) gold water-works bonds were awarded
to Kane & Co., Minneapolis, at 102 '833— an interest basis of
about 4 6782. Following are the bids
fied
:
July 15, 1909.
Llano County, Texas. Bonds Approved.— The AttorneyGeneral has approved the issuance of $13,000 court-house
and $5,000 bridge bonds of this county.
Llano (Texas) Independent School District.— Bonda Not
Sold.— We are advised that the $8,500 4% bonds offered for
sale on September 5 were not sold.
Lorain, Ohio. No Bids Received. No bids were received
on September 10 for the $24,000 4% paving bonds offered for
sale on that day.
Los Angeles, Cal.— Bond Offering.— It is stated in local
papers that proposals for the $2,000,000 water bonds recently
voted by this city will be received until 11 a. m., Oct. 21,
1901, by the City Clerk.
Martinsburg, W. Va.— Bond Sale.— On September 5 the
$76,000 4% refunding bonds were awarded as follows $20,000
to the later- State Trust & Guarantee Co., Cumberland, at
102; 10,000 to H. O. Talbot of Charlestown at 101; $45,000 to
W. R. Todd & Co., Cincinnati, at 100-43, and $1,000 to the
Rev. J. B. Floyd. The other bidders were as follows
1921, subject to call after
—
:
:
People's Nat. Bank, Martinsb'g.100-249
& Co
Bonds are dated July
Baker, Watts
100'lt)
1,
1901,
subject to call after 20 years.
see Chronicle,
Aug.
10, p. 305.
Bond
100-00
State of West Virginia.
People's Trust Co., Martinsburg.100-00
and will mature in 33 years,
For full description of bonds
—
Proposals will be reOffering.
eeived until 12 m,, September 17, by Edward S.Bradford,
Treasurer and Receiver- General, for $5,601,800 Z l 2 % gold
registered bonds as follows
Massachusetts.
/
:
$129,000 Sffl registered loan for hospital for consumptives,
60,000 3V«*
34,000 3Jij6
l«*,8)0
2,000,000 3J4*
3,100,000 8>ȣ
120,000 8)4x
3m
registered
registered
registered
registered
registered
registered
maturing Nov.
Medfleld Insane Alylum loan, maturing April 1,1927.
Hospital for Epileptics loan, maturing May 1, 1929.
Prisons and Hospitals loan, maturing Nov. 1. 1981.
Metropolitan sewerage loan, maturing July 1, 1940.
Metropolitan water loan, maturing Jan. 1, 1941.
armory loan, maturing Sept. 1, 1931.
for 2% of bid must accompany proposals.
With one exception all the above bonds are part of the $8,126,800 offered for sale on July 17 as 3 per cents, at which
time, however, no bids were received, although subsequently
large blocks of the bonds then offered were sold at private
A certified check
sale.
Massillon (Ohio) School District.— Bonds Voted.— At an
Saptember 8 an issue of $80,000 school-house
bonds was authorized by a vote of 306 to 41.
Minneapolis, Minn.— Bonds Authorized.— The City Council on August 81 authorized over the Mayor's veto the issuance of $150,000 permanent-improvement bonds. These securities have been bid in by Stoddard, Nye & Co., Minneapolis, at 11050.
They are the same bonds awarded on June
27 to Farson, Leach & Co., Chicago, who afterwards refused
the same, as their attorney declined to approve them.
Mobile, Ala.— Bond Offering.— Proposals will be received
until 12 M., October 10, t>y T. S. Fry, Mayor, for $65,000 4%
paving bonds. Securities are in denominations of $100, $500
and $1,000, dated Oct. 1, 1901. Interest will be payable semiannually at the American Exchange National Bank of New
York City or at the First National Bank of Mobile. Principal will mature Oct. 1, 1916, "unless the same shall be paid
off and redeemed at an earlier date as provided by law."
election neld
THE CHRONICLE.
578
&
Co., cf
Moultrie, Ua.— Bond Offering.— F. J. Bivina
Moultrie, actinic for the city, will receive proposals at any
time for v'.),0U0 5$ iSO-yenr improvement borjdn. Interest on
llu-ae bends will he pavable January 1 and July 1 in MoulThe total debt, including this
trie or in New York City.
issne, is $20,001), and the aeseseed valuation $812,000.
Mount Olive, XL\»*.-Bond Sale— An issue of $2,000 highBchool bonds has been sold by the Town Council to Win,
Act authorizing the bond issue was not passed
as required by the Constitution, The County Commissioners,
according to local papera, will endeavor to sell the bonda to
other parties, and meanwhile have the Supreme Court paaa
upon tbe conatitutionality of the Act in question.
aaid, that the
New York
City. Bond Offering.— Attention is calk d to the
advertisement of New York City elsewhere in this
Department, effering for eale f :j,0< 0, COO '&%% gold corporate
stock.
Proposals for these seen ritiea will be received until
2 P. M., Sept. 16, 1901, by Bird S. Coler, City Comptroller.
For full deacription of securities eee Chronicle last week,
official
Rutledge of Mount Carmel at 105.
Mount L'l<iis.iiit(I'a.) School District.— Bond Sale.- On
September 10 the $28,000 4% funding and refunding bonds
were awarded to the First National Bank of Mount Pleasant
at par and accrued iLtertht, tbe bank agreeing to pay all tax
on the bonds. The other bids received were as follows
Denlson. Prior A Co., Clove.. $2K.4<U so R. Kleybolte & Co., Cincin. ..$2-\280 00
p. 520.
:
Nilep, Ohio.— Binds VoUd.— This city has authorized the
issuance of $5,000 water bonds by a vote ot 235 to 64.
Northlleld, Mass. Bond Offering.— Proposals will be received until 1 p. m
September *7, by the Town Selectmen,
for $30,000 3jo^ bridge bonda. Securities are in denomination of $5i 0, dated Oct. 1, 1901.
Interest will be payable
semi-annually. Principal will mature $500 yearly on Oct. 1
from 1902 to 1911, inclusive, $1,000 yearly an Oct. 1 from
1912 to 1921, inclusive, and $1,500 yearly on Oct. 1 from 1923
to 1932, inclusive. A certified check for 3% of bid must ac-
I
Lampreotti Bros. Co., cieve.. ss«,;:houo
I
w.
it.
Todd & lo„
cincin.... 1:8,275 co
full description of bonds see Chronicle Aug. 31, p. 461.
Nanipii, Idaho.— Bond Offering.— Proposals will be received until September 24 by John H. Hart, City Clerk, for
$15,000 5£ sewer bonds. Securities are in denomination of
Interest will be payable January
$1,000, dated Oct. 1, 1901.
1 and July 1 at the office of the City Treasurer or at the
Chase National Bank, New York City. Principal will mature
in twenty years, subject to call after ten years. Bids will
be opened at 8 p. M,, September 26.
Napoleonville, La.— Bond Issue.— It is stated in local reports that at a recent meeting of the Town Ccut-cil bonds to
the amount of $12,000 were issued and turned over to the
Bank of Napoleonville. These bonds were auttorized at the
election held June 12 for water purposes.
Nashville, Tenn.— Bids.— Following are the bids received
September 3 for the $LOO,000 4% street and .f 100,000 4% eewer
For
bonds
W.
Farson, Leach
&
,
company propoaals. The legality of these bonda has been
passed upon by Messrs. Storey, Thorndike & Palmer of
Boston.
Norwood, Ohio.— Bond Election.— An election will he held
September 30 to vote on the queation of iaauing $50,000
electric-light-plant-improvement bonds.
Ottawa, Franklin County, Kan.— Bond Sale.—L. A. Bigger of Hutchinson, Kan., was awarded on September 4 an
issue ot $10,C00 4%% refunding bonds at 102-6375.
Bids were
also received from John Nuveen & Co. of Chicago and the
Waddell Investment Co. of Kansas City. Bonds mature in
30 vears, subject to call $3,000 yearly after 18 years.
Pacific County, Wash. Bonds Pioposed. The question
of refunding $33,000 6% bonds is under consideration in thia
county.
Pipestone, Minn.— Bonds Dtfeated.—Kt the election held
September 3 the proposition to issue $21,000 4%% sewer bonds
:
Todd &Co., Cincin
Imo-cn
W.J. Hnyes&Sons, Cleve.... J lu* ou
R.
&
Co., Chicago.... loroll
100-50
Denlson. Prior & Co.. Cleve
Seasopgood & Mayer, Cincin. ...HO'26
s. A. Keau, Chicago
101/07
—
stated last week, bonds were awarded to W. R. Todd
Sons, Cleveland, at
Co., Cincinnati, and W. J. Hayes
As
&
102-50.
C—
Bonds Refused.— W. J.
County, N.
Sons, Cleveland, have declined to take the $50,000
4% road bonds awarded to them on July 22, claiming, it is
New Hanover
Hayes
&
NEW
NEW
LOANS.
Proposals for
$3,000,000.00
OF
354% Corporate Stock
OF THE CITY OF NEW YORK.
Exempt rom
New
all Taxation in the State of
York, except for State Purposes.
Principal
and
Interest
Payable
i:\F.COTORS, ADMINISTRATORS,
Gold
in
GUARDIANS.
AND OTHERS HOLDING TRUST FUNDS ARE
AUTHORIZED BY SECTION 9 OF ARTICLE 1
OF CHAPTER 417 OF THE LAWS OF 1897 TO
INVEST IN THIS STOCK.
SEALED PROPOSALS WILL BE RECEIVED BY
THE COMPTROLLER OF THE CITY OF NEW
YORK,
City of
at his office, No. 280
York, until
Broadway,
in
New
The
may
Principal payable November
A Deposit
of
TWO PER
1.
CEXT.
19-19.
(in
money or certified check on a. National or State Bank in The City ot
required.
New York) Information
CITY RECORD.
see
For fuller
Copies to be procured at No. 2 City Hall.
COLER, Comptroller.
THE CITY OF NEW YORK,
BIRD
S.
PEPARTMENT OF FINANCE, COMPTROLLER'S
OFFICE,
*UGUST
cesire
.
Call for
New Mex,,
WARRANTS.
1901.
SUSSEX COUNTY, DEL,
4% COUPON BONDS.
Sealed bids will be received by the Levy Court
of Sussex County, at Georgetown, I'elaware. on
or before September 21th, A. D. 1901, at one o'clock
P. SI., for $5u,0i'0 00 four percent coupon bonds of
Sussex County, bearing date July 1st, A. D. 1901, of
the denomination of $400 i>0
0o payable annually, beginning with July 1st,
$3,0
190m, until this insue of bonds shall be liquidated.
Checks payable t" the order of James H. Wright,
Clerk of the Peace, for one per centum of the amount
Of bonds bid for must accompany each proposal.
Further information may be obtained by addressing James H. Wright, Clerk of the Peace, Georgetown, Delaware, to whom all proposals must be
August
LEVY COURT OF SUSSEX COUNTY,
By JAMES H. WRIGHT,
30th. 1901.
County,
The County of B rnalillo, in the Territory of New
Mexico, hereby gives notice that it has determined
to exercise its option to redeem the lollowing warrants, and the holders thereof are hereby notified to
present the same for payment of principal and
accrued iutt-rest. at the banking house of N. W.
Harris & Co., in the City of Chicago and State of
Illinois.
*7S,o0GC0 of Bernalillo County Court
House war-
rant s of the denomination of $1,000 00 each, numbered
4 to 52, both inclusive, and 64 to 82, both inclusive,
bearing interest at the rate of 7 per cent per annum,
Clerk of the Peace.
LOANS.
COUNTY OF OURAY, COLORADO H FUNDING BONDS.
$25,000
Principal Payable May 1st, 1920.
Interest Payable Seml-Annually on May I & Nov. L
Redeemable, at tbe option of tbe County, May 1, 191 1.
Interest Payable at Chemical Nat.Bk.,N. V,
Coupon Bonds, Denomination, $1,000.
Bonded Debt of County
i% bonds outstanding
$328,000
72,000
7% bonds outstanding
Total outstanding
Less cash in Treasury
$i OO.COO
50,0t0
Net Debt
No
$350,000
Floating Debt.
Annual Itterest Charge. $18,160
Assessed valuation, $2,000,000, exclusive
of Railroad property.
For tbe redemption of these bonds an annual tax
must be levied after the ninth year that will produce yearly lu% of the wr.ole amount of bonds refunded, which special fund must be set aside and
used for no other purpose.
The Colorado Legislature, Session 1901, passed a
Law, whioh becomes operative this year, providing
a new method of assessing and taxing the output of
mines. Tbe County officials advise us that, under
this law, the increase in the assessed valuation will
be about $l,5oO,i.(Jo.
Ouray Countv's main source of wealth Is its gold
mines, valued at over iio.oou,- to. The Revenue and
Camp Bird Mines, which have been in operation a
number of years, are in the county, and it is estimated that these two mines alone ship out of the
County in gold bullion over $5,0i daily.
The Citv of Ouray, the County Seat, is the distributing point for a large section of country, and the supplying of tbe mines and cattle ranches makes it a
center of considerable importance.
The underpinned oiler ihe above bonds at
89 p. c. and accrued interest, yieldine on
the investment 4% p.c. The bonds are offered
subject to sale and change in price. Delivery free
at any bank, orders may le wired at our expense.
E. D.
SHEPARD &
31 Nassau
St.,
New
CO., Bankers,
Tel. 5738 CorU
York.
payable semi-annually, which warrants were Issued
prior to ctober 6, 1C87, and payable at the option of
said county alter ten (10) years from date thereof.
Said warrai ts must be presented for payment on
or before September 16th, 1901. alter which date
interest thereon will cease
Per order of the Board of County Commissioners
of Bernalillo County.
i
31,
$50,000
sent.
J.
All proposals must be directed to the Mayor and
Council ol the City ot Hoboken, at the City Clerk's
office, Hoboken. N. J
and shall be accompanied by
a certified check for five thousand ($5,0i 0l dollars.
The Mayor and Council of the City of Hoboken
reserve the rinht to reject any »• dali bldsif deemed
in the interest of the city so to do.
JOHN HAGGERTY, City Clerk.
'l\iV,
SIT RAILROAD.
N.
Public notice is hereby given that (he Mayor and
Council of the City of Hoboken will receive prcposals a' a regular meeting of the Common Council
of the City of Hoboken on Wednesday afternoon,
Sept. 2r>, A. D. 1901, at 4 o'clock, for ihe purchase of
one hundred and ninety-six thousand ($196,0(0)
d liars Refuudirg Bonds, bearing interest at the
rate of 314 per cent per annum, payable in thirty
i ears from the date of issue, under the provisions
et an Act of the Legislature of the State of New
Jersey entitled 'An Act authorizing cities to renew
maturing be nds." approved March 16 1B93; eaid
bonds to be coupon or regi-tered bonds, at the
option of the bidder, of denomination as the bidder
THREE Bernalillo
THE
CONSTRUCTION OF RAPID TRAN-
NEW
LOANS.
HOBOKEN,
Monday, the 16th day of Sspt., 1901,
$3,000,000 OO CORPORATE STOCK OF
CITY OF NEW YORK, FOR
failed to carry.
PROPOSALS FOR CITY BONDS.
at 2 o'clock P. M., for the whole or a part of the
following described Registered Stock of the City of
New York, bearing interest at the rate of
ONE-HALF PICK CENT, per annum, to wit:
AND
|Vol. LXXIII.
By CHAS. K.
OITT OF ATLANTIC CITY
NEWHALL, Treasurer.
Blodget, Merritt
&
Co.,
BANKERS,
16
#7 0,000
Congress Street, Boston.
New York.
STATE, CITY & RAILROAD BONDS.
13 Wall Street,
ATTRACTIVE
BONDS
Yielding from
6%
3 to
net.
VERMONT BONDS A SPECIALTY.
HARRY B. POWELL & CO.,
Woodstock, Vermont.
WATER BONDS.
The Cify of Atlantic City will receive sealed proposals for $70,010 Go'd Coupon Water Bonds, in
denominations of $1,000, Dated July 1, 1901, maturing July i, 1931, without option, free from tax, with
interest at 4 t>er cent, payable semi-annually at the
Hanover National Bank. I>ew York City. Bids for
these bonds will be received until twelve o'clock M.
of Monday, September 23d, 1901, the city reserving,
however, the right to reject any or all bids.
$1,724,831
Total bonded debt Sept. 1, 1901
Water debt
Sinking Fund
Net debt
$1,085,600
107,306
1,252,806
$472,025
bonds has been approved by
Dillon & Hubbard of New York, whose certificate as
to legality will accompany the bonds when delivered.
Blank forms of proposal and full particulars furnished on application to
A. M. HESTON, Comptroller.
The
legality of these
THE CHKON1CLK.
I.MBER 14, 1901.]
denomination of * 1,000. l'i |.oeal8 are to nam ^ rate of
interest at which the bonds will be taken.
oertifled check
for .' of bid imi.-t accompany pro]
Scotland (omit). N. C. Bond Sale. On September 2 th«
uiiding bonds w< re awarded to F. M. Stafford
Chattanooga, at 110 '?i(5. Following aie the bidl
lM>nioiitli, Ohio.— Bond Offering.— Proposals will be re
ceived uatil October 14 by the Mayor and Council lor b~Q,000 5'f water-works bonds. Securities are in denomination
Interest will be payable April
of $1,001), dated Oct. 1, 1901.
1'
1 and Uctoior 1 at the office of the Village Treasurer.
cipal w 11 niHture §1 000 yearly on June 1 from 1910 to
check for $5 U, th. -latinclusive.
it her cash or a certitied
ter to be made payable to the Village Clerk, must accompany
iii
A
:
BUflbrd A Oo..Cb«ttan. 138.818 00
unguud \ M»yer, in. ... 88.0 2 00
.1, ll»lEiunh& CO., Cm... W.H'i
M
I-',
i
i
proposals.
'6
Securities
For description of
DANBURY,
CONN.,
CITY BONDS.
Sealed proposals will be received bv the Mayor for
the purchase of bonds, amounting In all to $215,000.
Saul boijUs are of tne denominat um ot f l.uco each,
payable 40 years from October 1st, 19-J1. that Ucnii.'
date ol issue.
All bot.ds shall draw interest at rate of Three
and a Hull p«-r cent per annum, semi-annuallv
New Vdrk
In
full
WALLACE
at
in thirty years, tin
description of bonds see
G.
Danbury, Conn.. August 30th,
r
&
bonds to E.
I
SuBsex County (P, 0. Georgetown), Del.— Bond Offering.
—As stated last week, proposals will be received until 1
Sept. 24, by the Levy Court, care of James H. Wright,
P. M
Clerk of the Peace, for $50,000 4% coupon bonds. Theee securities are in denomination of $500, dated July 1, 1901.
Principal will mature $3,000 yearly, beginning July 1, 1906.
A check for \% of the amount of bonds bid for, payable to
James H. Wright, Clerk of the Peace, must accompany proposals. These bonds were awarded on June 18 to E. D.
Shepard & Co New York City, but the sale was never consummated, as the bid of the New York house was for taxexempt bonds.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
,
,
BANKERS.
INVESTMENT SECURITIES,
NEW YORK.
BOSTON.
238-240 La Salle Street,
municipal,
Bailroad and other bonds adapted
In
CHICAGO.
funds and savings.
N.
ISSUE TRAVELERS' LETTERS OF CREDIT
A VAIL ABLE IN ALL PARTS OF THE WORLD.
for trust
Y. Office,
CITY OF BLOOMING ON, IND.
I
DENISON, PRIOR & CO.
DEALERS IN
High
Grade
SEND FOR
BONDS:
WE OFFER
S
Gas, Electric Light A Heating Co.
5% Bonds.
Send for descriptive
Trowbridge
Bonds.
I til
J. F.
WILD
Successor!* to Campbell,
&,
CO.,
^40,000
Wild
& Co.,
City of Nashville
Tenn,,
4* FUNDING BONDS,
Price,
104 and Interest.
GOULDING MARR,
NASHVILLE, TENN.
INDIANAPOLIS, IND.
MUNICIPAL BONDS.
September Investments.
Butler County, Ohio,
Columbus,
4s,
121
Oliio, 4s,
Cleveland, Oblo, 4^s,
Gallia County, Ohio, 5s,
Indianapolis, Ind., 3 "as,
Nauiratucb, Conn., 4s,
New Britain, Conn., 3»28,
State of Mont., (Normal School) 5s.
Rudolph Kleybolte
1
E. C.
NASSAU
ST.,
&
NEW YORK
Co.
CITY.
STANWOOD &
National
Bank
B'ld'g.
MUNICIPAL
Co..
AND
E. H.
&
Corporation
Service
Public
BONDS.
ROLLINS & SONS
BOSTON.
Denver.
San Francisco.
Perry, Coffin
&
Burr,
INVESTMENT BONDS.
BANKERS.
Devonshire Street
Seasongood
Co.,
CHICAGO,
6o State Street,
BOSTON.
9.
Niver
LISTS.
Euclid Avenue, Cleveland,
Due 1018.
&
circular.
Municipal and Corporation Bonds,
Exchange Place, Boston.
I
Price and particulars upon application.
1442 BroadExchanere Bids.
$100,000
Quotations furnished for purchase, sale or exchange.
lot
Kauli Fertilizer Co. Prel. Stock.
mini niipollH Fire Inn. Co. Stock. Price 145.
Ind. Title Guar. «&: Loan Co. Stock, "
04.
••
Columbia National Hank Stock,
108.
H. P. Wamon &, Co. Prei. Stock,
'•
103.
call $1,000
II. (iay
Co., Philadelphia, at 100
City, Otero County, Colo.— Bond Offmi.y.—Pro[losals will be received until October 2 by th« Hoard of TrusSecutees for $20,000 b% 10-15 year (optional) water bonds.
They
rities were authorized at the election held July 24.
Interest
are in denomination of $',000, dated Aug. 1, 19U1.
will be payable February 1 and August 1 at the office of the
Town Treasurer or at the Chemical National Bank, New
York City. Chae. D. Stepp is Town Cltrk and Recorder.
I
31 NASSAU ST.,
CHICAGO.
Deal exclusively
1801.
8125,000 Marlon County, Ind., 3Hs.
SiVl.OOO Decatur County, Ind.. 4^8.
812,000 Scott County, Ind.. 4%«.
S2S.000 Union Trnction Co. of Ind. 5s.
812,000 Warren Water Co. tig.
Belt RK Coin, and Pref. Stock.
to
CnBONlCUC July
Sugar
C1IAS. H.
Dated
OU
INVESTMENTS.
INVESTMENTS.
W. HARRIS & CO., Geo. D. Cook Company.
Conn.
Attest:
:s),<w>}
,
p. 151,
01 r-'.&oo.
Purchaser will be required to pay, In addition to
amount of bid, accrued interest from October 1st to
PIEX Jr., Mayor.
OLMSTEAD, City Clerk.
,.
a-'.i..
mature
amount
date of payment
Bids will be received until 8 o'clock P. M. September 25, 1901. when all bids will be opened in joint
session of the Common Council.
The right is reserved to reject any or all bids.
„For further particulars address Mayor of Daubury,
i
EL V. M..T.I
.
City.
Bidders must accompany bid with certified check
to
i
South Fork, Pa.— Bond Sal?,— The Borough Connoll on
St-iitember 2 awarded au inhuo of $6,000 49 6 80 ) ear (opl lunal)
authorized the issuance of $100,000 4% 10- 20-year (optional)
refunding bonds.
Revere, Redwood County, Minn.— Bond Offering.— Proposals will be received until S r. M., September 10, by Oscar
Kempe, Village Recorder, for §2,000 6% 10-year water bonds.
Securities are in denomination of §1,000, dated Oct. 1, 1901.
Blank bonds are to
Interest will be payable semi annually.
be lurnished by successful bidder.
Rockingham Conutj (P. U. Exeter), N. H.— Bond Offering.
—Proposals will be received until 12 m., September 24, by
William H. C. Follansby, County Treasurer, for $35,000 '3%
20 j ear coupon bonds. Securities are in denomination of
Interest will be payable annually
$1,000, dated Oct. 1, 1901.
at the office of the County Treasurer.
Royal Oak (Mich.) School District,— Bonds Voted— This
district has decided to issue $8,000 school-building bonds.
Rutland, Yt.— Bond Offering.— Proposals will be received
until 12 M., September 21, by Will L. Davis, City Treasurer,
for $20,000 8^0 city-hall bonds. Securities are in denomination of $l,0o0. dated Sept. 1, 1901. Interest will be payable semi-annually at the .National Bank of Redemption,
Boston. Principal will mature Sept. 1, 1931. A certified
check for §500 must accompany each bid.
Snohomish County, Hash.— Bond Offering.— Proposals
will be received until 10 A. m., September 23, by Thos. C.
Fleming, Chairman Board of County Commissioners, for
$150,000 10-20 year (optional) funding bonds. Securities are
N.
For
rly.
bonds see Chronicle Aug. 10, p. 808.
ProTO, Utuli.— Bonds Authorized,— The City Council has
$ais,ooo
-v.
l.awprochl Bros. »
i».-iiio..n. Prior ft Co.. Clere.
o..
Powell County (1\ 0. Deer Lodge), Mont.— Bond Salt
On September the $75,000 4% 10- 20-year (optional) bonds,
dated July 1, 1001. were awarded to M. \V. Hani-, & Co.,
NEW LOANS
&
•
I
Chicago, at par leu $662 commission.
579
BOSTON.
Mayer,
W, Corner Third and Walnut
Streets.
CINCINNATI, OHIO.
MUNICIPAL BONDS.
nieh-Grade City, County, Town and School Bonds
ssued In leading prosperous States of the Union,
especially adapted for safe and permanent Investment for KBtates and Trust Funds.
WK DEAL IN
Land Securities
and
Lands
OK ALL STATI-.
TEXAS LANDS WANTED.
Solicited.
CorrfpnnilciHT
CAM) COMPANY,
AMALGAMATED
Mnitaiiii Street. New \ ork.
31
THE CHRONICLE
580
SwlBHVale, Alh'gh< ny County, Pu.— Bond Oflennf/.- Pro;will be received nntil 12 if., September 21, by R. W.
Cummins, Chairman of the Finance Committee. No. 1219
Park Building, Pittsturg, for $10.%0C04jS coupon fewer bonds.
Securities are in denomination of $1,000, dated Oct. 1, 1901.
Interest will be payable semiannually. Principal will mature $3,000 in even years and |4.O0O in odd years from 1902 to
1981, inclusive. Each bid muBt be accompanied by a certified
check for 5% of the par value of the bonds bid for, but need
not exceed the sum of $2,500.
Swissvale (Pa.) School District.— Bond Sale.— It is'stated
that the $56,000 4% coupon bonds offered for sale on Aug. 20
posals
have been sold at 101 -81 2. For full description of bonds see
Chronicle Aug. 17. p. 358
a.) Levee District.— Bonds Authorized.—
Tensas Kusin
The Levee Board has passed a resolution authorizing the
f
(
I
issuance of $65,000 6% 10-2C-year (optional) bonds. Securities
are to be issued in denomination of $1,000, dated Sept. 15,
1901.
Interest will be payable annually on, May 1 at the
office of the State Treasurer.
Terry, Miss.— Bond Election.— An election will be held
October 7 to vote od the question of issuing bonds for
water works and electric light plant.
Toman, Wis.— Loan to be Obtained from
outstanding.
Wills Point, Texas.— No Bid* Received— Bond Election
No bids were received on September 3 for the $5,010 4% 10-40year (optional) school bonds and the $7,000 4% 20- year refunding bonds. We are advised by the Mayor that a new
election has been called for September 25 to vote on the
question of iesuing the above bonds as 5 per cents, running
twenty years without option. If authorized, it will be about
the middle of October when the bonds are again offered for
—
Securities are in denomination of $500, dated
Interest will be payable February 6 and August 6 and the principal will mature $500 yearly on August 6
from 1902 to 1920, inclusive.
WInthrop, Minn.— Bonds Voted.— At a special election
held August 27 the issuance of 810,000 water and light bonds
earried by a vote of 68 for to 40 againe*.
in
re-
cent.
Yakima County (Wash.) School District No. 84.— Bond
Offering.— Proposals will be received until 11 a. m., September 28, by W. B. Dudley, County Treasurer, North Yakima,
Wash., for $1,200 5-10-year (optional) school-house bonds.
Bidders are to name rate of interest, not exceeding 10 per
—
cent.
INVESTMENTS.
INVESTMENTS.
MUNICIPAL
RAILROAD
SEND FOR LIST
MUNICIPAL, RAILROAD AND CORPORATION
BONDS.
CO.,
INVESTMENTS.
THE GRAND PRIX.
and
CORPORATION
BONDS
September Investments.
FARSON LEACH &
at par.
2, 1901.
Yakima Connty (Wash.) School District No. 31.— Bond
Offtring.— Proposals will be received until 11a. m., September 21, by W. B. Dudley, County Treasurer, North Yakima,
Wash., for $600 2 10-year (optional) school-house bonds.
Bidders are to name rate of interest, not exceeding 10 per
Victoria Connty, Texas. Bonds Registered and Slid.
The State Comptroller on September 7 registered the $80,000
3% 40-year refunding bonds mentioned in the Chronicle Aug-
TO NET FROM 4K* TO
6%.
CORRESPONDENCE SOLICITED.
NEW YORK.
CHICAGO.
West Rutland, Vt.— Bonds Voted.— At a recent town
meeting the issuance of $25,000 Z%t bonds was authorized
to take up outstanding orders and to refund 4% bonds now
town
SepN
fused to take the $30,000 5£ park bonds, for which they were
the highest bidders at the sale on Aug. 19, 1901.
Uricb, Mo.— Bond Election.—This town, it is stated, will
soon vote on the question of issuing $1,200 bonds for the purpose of drilling a well.
Utah.— Temporary Loan.— The State Board of Loan Commissioners on September 6 borrowed $60,000, for ninety days
from the National Park Bank, New York City, at 2%% interest.
p. 255.
Wilna School District No. 17, Jefferson Connty, N. Y.—
Bond Sale.— On September 10 an issue of $9,500 3J^£ bonds
was awarded to the Jefferson County Savings Bank of Water-
We
Upper Sandusky, Ohio.— Bends Refused.— It is stated
S. Briggs&Co., Cincinnati, have
These bonds have been taken by the State Board of
Edncation as an investment.
Watkins, N. V.— Bond Sale —As a matter of record, we
report the sale of $20,000 4% 211-year (serial) paving bonds
offered on Aug. 19 to the Fulton Savings Bank at 103-75.
Frr deecription of bonds see Chronicle August 3, 1901,
list 31.
sale.
the State.—
are advised by the City Treasurer that this place has arranged
with the State for a loan of $20,000 for a school building.
Ulen, Minn.— Bonds Voted—This village has voted to
issue $4,000 water-works bonds.
local papers that P.
[Vol. LXXIII.
WAS AWARDED AT THB PAHI8 EXPOSITION TO
WHITE &
C. H.
CO., WHITING'S STANDARD PAPERS.
BANKERS.
Broadway,
Tl
T. B. POTTER,
MUNICIPAL and DAkmc
ANGLO-AMERICAN BANK,
ILLS.
-
CHICAGO,
BONDS
and
MUNICIPAL
RAILROAD
CORPORATION
Netting from 3>£ to 6% always on hand.
DUKE M. FARSON &CO.
115 Dearborn
St.,
MacDonald, McCoy
&
AND CORPORATION
MUNICIPAL
La Salle
OO Devonshire
Si.
BONDS*
R.FULTON & CO.,
Round and Flat Bars and 6-ply Plates and Angles
FOR SAFES, VAULTS, Ac.
Cannot be Sawed, Cut, or drilled, and positively
SVIunbcspal Bonds,
171 la salle street
CHICAGO.
Street, Chicago.
[
&
Investment Securities
6*
INCORPORATED.
COMMERCIAL PAPER,
W.
Cor.
Monroe & La
Salle 8ti., Chicago,
111.
C.
YORK,
PHILA.,
-
S-tio
Kent Ave. Keap and Hooper
Man'f'nrsln the T7. S.
JONES
&.
CO.,
NASSAU 8TREET.
-
I
-
112 80.
FOURTH
sts.,
BROOKLYN.
ST.
N.Y
Numbers Wanted.
Issues of Jan. 17. 1891; Jan. 14, 21, Feb. 4, 11, May
18.20. 1893; May 11, June 29, 1S95; Jan. 1, Feb. 22,
Sept. 26, Nov. 21, 1896 Jan. 8, l*-98 Jan. 14, 21, 28,
Feb. 18. 1899. and Jan. 12. Feb. 2. lftOl.
VDOTATION SUPPLEMENT Jan. and March, 19CL
;
:
Jan., iaoi.
Will pa v 10 cents a copy for tne
25 cents for the Supplements.
WILLIAM B.
CHRONICLES and
DANA COM PANT,
76* Pine
BONDS A SPECIALTY.
EDW.
NEW
Burglar Proof.
CHKOJIE STEEL. WORKS,
Investors' Supplement
SAVINGS BANKS and TRUST FUNDI
Co.,
QENUINE
Chronicle
FOR
A. G. Becker
Duane Street, New York.
WELDED CHROME STEEL AND IRON
BONDS.
171
150
Railway and Gas Companies.
LIST ON APPLICATION.
Street
b.
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And
Choice Isanes.
CHICAGO.
Send for our Investment Circular.
holvokk, mass.,
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BOSTON,
Monadnock BnlldlnK,
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WHITING PAPER COMPANY,
BANKERS,
LIST ON APPLICATION.
MUNICIPAL
Ltd.,
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MASON, LEWIS & CO.
172 Washington Street,
CHICAGO,
AGENT8 FOR THE
BUNDb,
CORPORATION
New York.
-
They are the only American papers which have
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It means they are the most perfect
made. Insist on having them for your line correspondence and your office stationery. Are you using
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