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pnanrial.
flirnnff
mie>
Supplement
Quotation
Street RailwaijSupplement
(Monthly)
Investors Supplement (0™^)
VOL.
Dana Oompant,
SATURDAY, SEPTEMBER
73.
at—
Clearing*
1901.
Terms of Subscription— Payable in Advance:
For One Year
$10 OO
For Six Months
6 00
13 00
European Subscription (lnolndlng postage)
European Subscription Six Months (lnoludlng postage)
7 50
42 14s.
Annual Subscription In London (including postage)
do.
do.
41 lis.
Six Mos.
do.
Above subscription lnoludes—
Terms
|
street Railway Supplement
state and City Supplement
Transient matter
$4 20
•TANDINO BUSINESS CARDS.
Two Months
(8 times).. 22 00
Three Months
(IS times) $29 00
" ).. 50 00
(26
Months (52 " ).. 87 OO
. .
81x Months
Twelve
New Haven
Worcester
Portland
fall River
Lowell
Holvoke
B.
DANA COMPANY,
New
Eng..
Chicago
Cinolnnatl
Detroit
Cleveland
Pnbllehers,
Pine Street, Corner of Pearl Street,
nkw
Post Offiob Box 958.
Indianapolis
Peoria
Grand Rapids
Dayton
Hvansvllle
i'oungstown
YORK.
Springfield,
111
Lexington
Akron
Kalamazoo
CLEARING HOUSE RETURNS.
Rockford
Springfield, Ohio..
The following table, made up by telegraph, etc., indicates Canton
Jacksonville, 111...
that the total bank clearings of all the clearing houses of Qulncy
Bloomington.
the United States for the week ending to-day, Sept. 28, Jackson
have been $2,062,096,541, against $1,893,343,575 last week and Ann Arbor
Tot. Mid. West'n.
$1,450,201,463 the corresponding week last year.
New York
1001.
1 1. 077,490.354
116.245 519
90,703 551
Boston.
Philadelphia
Baltimore
17.79S.168
130.46\a89
36.594 3S1
Chicago
St. Louli
New Orleans
7,727,555
Seven
Other
cities, 6 days
oitiei, 6 days
$1,477.01 VS.507
928 9-6 411
Total alloltles.6days....
All oltles, 1 day
Total
all oltles for
week.
P. Cent
1900.
+ 5T6
$681,588,058
87,478.716
78,361.288
14.714 723
102 825,693
85.791,113
9.862,837
+329
+15*7
+20 9
+88*9
+419
-17-6
105 405
105.316421
4-17-8
Seattle
Fargo
Sioux Falls
Total Paoltio.
St.
Wichita
Fremont.
Colorado Springs..
Tot. other West.
St.
below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Sept. 21, and the results for the correspond-
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 31*6 per cent. Outside of New York the increase
over 1900 is C'4 per cent.
.„„ »
New York
1.228.-.P0.571
88 953.5H
Philadelphia
Pittsburg
Baltimore
Buffalo
80 771.730
19 706 847
6 447 358
8,088,734
2 589 HI
Washington
Albany
Rochester
Syracuse
Bcranton
Wilmington
Bingham ton.
Chester
Greensburg
Wheeling. W. Va.
Wilkes Barre
TotHi Middle
i
&n on
1,057,
<fl(
1,168.711
,
,
844.736
286.801
219,888
470,4 Of
654.486
645,236
L881.48S.8ae
Galveston
Houston
Savannah
Richmond
Memphis
Atlanta
Nashville
Norfolk..
Augusta
Knoxvltle
Fort Worth
Birmingham
21.
Macon
at—
1901.
Little Rook
Chattanooga
1898.
1899.
P. Cent.
•
t
812.8i3.4-5
+50*9 1.330 038 88E
-8 8
91.852.981
02 6-0.084
4-py
28 007 605
81.053 811
19 837,144
10.7 6 l«*
+2 4
2*0,1';
5
5 2^2 172
9
+30
1,983 017
2.06 J 134
+8 3
2 670,746
2 53S.1'
+07
-77
1,768,85<
1774 171
1.06-.240
-10
1
1 ,088
9W9 888
+15-4
1,008 638
—3-2
872.788
832 982
-37*8
379 800
413. 10<
2«oom
891.100
-8*6
+6-6
445,678
843.001
Not include d In tot al.
Not include d In tot al.
988.-59.048
4 48-9 1.48H.H32 «7;
778,836
350.916
244 186
894,030
524.939
837 588
868,401
855,92b
816 372
251.9r0
836.848
362 915
819.300
866 648
228 136
147 343
805.782
450,437
404 537
486.300,
188,962
195,182
866.779
107.750
45.000
210,00f
199.767
118.468
Not include
196,6/8.714
188.382.581
•
814 737.6S0
65 738 740
18,915 248
16.487,8-6
4,899 761
1
5*4 371
t
1 7-'9
953
989
.H70
(
023 849
723 833
3*5 4 X
Jacksonville
Total Southern..
Total all
20.629 789
8.613.410
2,435 278
4-16
*56
191.874,663
146.663.882
18.980 149
15 461.618
8,047 638
6 808 238
1.647 231
1 6n5 470
5,400 326
1.483.284
1.226.161
563.125
193,682
183.880
22l,ft76
84 659 247
+4'0
3 i, 684,884
25 484,887
—9'0
+4
14,908,010
-8'1
11868.717
8 877.829
V50.5 k 9
489.982
110.166
740.154
61724.704
5,879 954
4 643 006
1,0.42.485
472 980
134.842
—4
+0
—4
12.773682
8.704.785
6.183 148
4,015.37.-
9 783,889
4
8.341.183
-18
8
3.689 886
1,888,284
710.315
1,198 959
678 355
464.8-0
128.091
-1
5
51637.048
40,650
81607.84
8 918 27s
26,670 831
5.681 802
5 891.918
4 724 050
4 981 805
9 802.000
2.838 878
1,317-84
+10
+88
8
7
-6 7
—18
+3 6
C2 520.076
34.882 877
11818
14:,
338
250
«14
8-8
087
1,887 8
1,619 33
7.5' 3
6,602 99c
4.087
4,810
3 008
3 141
5 7C0.000,
8,976.106
3,163.634
8 049.999
1,778.492
1,189 010
1.3^6.8781
2,309 6 )7
810.KS"
826 O0<
871,075
884.000
628 287
480.000
179.8 34
248 28 *
—
1,261 SO'1,197 847
1 S 15 034
687,811
847.615
691 493
290 804
87.081
83 661,943
1893.848,575 1.489 811.648
79.897.904
1
14.211 438
7 798 483
1 651 161
1.0 48.800
17 Ofll
9 563
1.8-8
1.306
856 352
890 08>
John
860829
Victoria
483.838
1,188851
946.736
553 not
043,33*
1
933 000 Not n
85 45'58«
as oil 4«^
9
112
+—38
f
8 8S
7
371087
6.7.000
847 877
«85 891
101 737
871 95
785 84 3
875 16*
1.3v5C97
669 838
88.638 870
86.917 863
I
1
(.-it
928815
711.966
460.875
672 045
806
640
44*
+6-7
4-14 1
in t.>l
058 914
493 848.798
+1--6
-10
-12
1.137.571
1
15 674 24?*
9 919 659
1.665 90f
+33
16
50.030 068
3f8?S1.368
16,168 372
11.785 17t
8.317 717
1634 813
1,469 680,
1
643 592
6 '0 633
689 456
662 001
884 7 8
304 63*
806 041
78 829 463
1,995.891 876
Canada—
..
098 897
Not lnclm
665 733 5
.
803,090
682.953
592,183
887,807
78 886
6.887.681
4.865.488
+6-4
Vanoonver
Quebeo
Total Canada
L075.188
1
626.5S9.187
Montreal
Toronto
Wluulpeg
Halifax
Hamilton
1.688.068
1,880,668
86 037,396
668.765 004
Outside N. Vork.
St.
H'M
+3 9
2,284.586
3,316,643
1,843.261
1,884.084
666.016
807,927
139.480
8,577.776
7,879 703
3 067,001
6 563.661
3.148 724
8.796 286
8.181.920
1,688.882
1,240 356
1.087.7:9
840.662
645.105
1.408.066
7C0.000
493.000
684 542
620 000
Orleans
896 113
911608
844684
87 331621
Louis
New
Louisville
4,417.500
8.398.0S8
1.878.996
1.448.301
857,651
747,178
166,311)
1,188,49.-1
Topeka
2,744,170
1.967 247
8.801,397
1,188 384
819 991
6164.864
7.686 078
4.400 885
£12188
4.138 691
3,9e6 171
1.445,788
715.182
1,202,883
Joseph
Des Molnet
DavenportSioux City.
1900.
108,641,567
18 103.200
4,148.749
3,790.716
1,601,264
977.470
+48 2
We present
1901.
14,16»850
7 965 010
10.583 088
8 917.080
5 633.700
16 980.187
ll.450.S0l. 483
796.012
667.801
871,668
184.618.07*
18851,689
12.O6tt.096.54
1.378,745
1 439,203
1.878.116
336 000
+81'4
887,1221
<
95 368.889
4 619.900
2.080 207
1.4E0 778
14 184.600
8 809.638
11,887 300
6.958.179
4,785 000
3123.90:2,062.497
2,640 668
1,368,02*
1,219.181,
670.37k
E07.034
16,620,880
Paul
2,897.997
1,679 601
1,206 65'
1,427 83f
1 SO7.602
679.37*
689,767
487,156
128.48847P
11691.1621
5,764 908
4.456 860
Denver
185 482.790
6 887,500
108 310,567
Kansas City
St.
1898.
162.213,148
Minneapolis
Omaha
1899.
141064!
8,795,645
8 051,830
1,061,723
1,838 976
616,985
315.965
Spokane
Tacoma.
Helena
4-42 6
+40-4
full details for
Olearlngt
944,220
957,549
485.000
391,077
898.247
50I.60C
889,782
349 096
227 95r
241.804
8.826,67-t
Portland
Los Angeles...
ti.i97.38i.828
268,879.637
Week ending September
180 983 008
16,188,850
10 81B.263
18,768 3-9
6.966,619
6.0H7.500
8 937.445
2 166,901
081
3.048.910
City.
81,708.998 918
866.097.683
night.
ing
Lake
113,287,754
4-47-4
|1,0(>2
the week covered by the above will be
given next Saturday.
We cannot furnish them to-day,
olearingg being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday
The
Bait
148,866.902
81862
San Franolsoo.
Otearlngt— tt«turo« bv Ttltgravti.
Week BndinQ September 28.
381,971
322.59C
6,829. 100
2,157 652
1,266 888
1,115.180
J.848.688
1,098 80!)
684.856
486,76f
385.04246,65-
2,185,081
1 161 84?
Toledo
1901.
99 339.169
440 092
New Bedford
Milwaukee
Columbus
Messrs. Edwards <fe Smith, 1 Drapers' Gardens, E. C, will take subscriptions and advertisements, and supply single oopies of the paper
at Is. eaoh.
1900.
184,ll9,02f
8.504,100
8.08680V1,342.478
1,141,818
1,: 93,811
1,192,208
803.598
Springfield
Total
London Agents:
WILLI V.T1
Boston
Proridenee
Hartford
Advertising—(Per Inch Space.)
oi
NO. 1892.
28, 1901.
PUBLISHED WEEKLY.
I
In the office of the Librarian of Congress.]
Wee*, endint September 81.
%ht Chronic!*.
Thb Quotation supplement
Thb Investors' Supplement
Supplement faum^
Stale and City
[Entered aooordlng to Act of Congress, in the year 1901, by the William B.
^km^
e
37 167
:ll
THE CHRONICLE.
634
THE FINANCIAL SITUATION.
No
little
surprise has been felt because a decided
[Vol.
LXXIIL
such as was, no doubt, anticipated when that word
"extra" was appended to the item; that Is, that the
conditions did not at the time call for docking the
whole dividend, neither did they encourage the pay-
and general demoralization in the Stock Exchange
market has followed the omission of Amalgamated ment of the "extra."
There is only one wise method to correct this situaCopper to add the usual extra one-half of one per
That
Friday.
tion.
last
The price of copper ought to be at once lowered
cent to their dividend declared
event alone was of no great significance and might and the cornered and congested state of the market
have occurred amid conditions other than those now corrected in that way. Decreasing production and
existing without influencing unfavorably other values sustaining the current price would tend to dry up the
own. Indeed, the
cut-off was only applied to what has always been called
an "extra" distribution, although it has been a feature
that is, since
of dividend payments since the first
October 1899; with that reduction the return the
stockholders receive still remains at the rate of
6 per cent per annum a very good interest on a
security selling in previous weeks a little above par.
Why was it possible then for so much to be made
or influencing materially even
its
—
—
of this lower dividend as
It
was because the act was
an unfavorable indication
?
widely interpreted as con-
firming the belief that the high price of copper was
leading to a falling off of the world's consumption of
that metal, to a suppression of the class of industries
at home and abroad largely using the metal, and to a
consequent over-production of copper ; that a similar
condition of prices and stocks of products likewise
existed in some other classes of industrials ; and also
become discriminating, while
there was reason to fear that, under this latest development, they might grow more so.
that
money
The
lenders had
belief that trouble
market was
was brewing in the copper
evident in the fact that ever since last June,
Acts like that are to be deprecated.
They are what has brought all trusts into disrepute and have created and justify public hostility.
It is, too, the kind of danger which more than all others
threatens the existing cycle of prosperity. For copper
is not alone in this matter.
Values of all manufactured products have advanced to a very important extent.
So far as this is due to higher wages, it is
reasonable and necessary ; but so far as it is due to
pegging prices, it is sure to restrict consumption and
Several
so kill the goose that lays the golden egg.
sources of prosperity.
trades are to-day giving signs of restricted
among
which
movement;
we may mention the building trade,
struggling under a numerous body of small
these
is
For it is the small trusts, so far as experience
in the United States has hitherto gone, that peg
prices and so suppress industrial expansion, and not
the large ones. Standard Oil, Sugar R fining, United
States Steel, all appear to put their product on the
market lower than it has ruled before ; but glass and
fifty others we might mention seem to be organized
to put values on so high a level as to burden every dependent trade.
trusts.
when Amalgamated Copper sold largely at 130, the stock
had been on the decline. Other adverse [factors in
A wholly unexpected event has been the markingthe problem were already obvious and became more so up by Mr. M. C. D. Borden of wages 5 per cent in his
month by month ; the official trade figures showed Fall River mill. It was a surprise because the condithat the export movement was rapidly and decidedly tions of the market as they stood the day the advance
diminishing, and the copper business in Europe and was announced did not apparently warrant higher
especially in Germany, where the demand for the wages.
The general opinion seems to be that the act
metal had been so large, was being seriously cur- was a shrewd one, situated as Mr. Borden is with a
tailed.
But the counter condition was set up that large stock of print cloths recently purchased. It,
home consumption was expanding and so rapidly as however, puts other mills at Fall River in somewhat
to absorb whatever Europe refused to take. Evidence of a dilemma, for the most of them claim that if they
has, however, been accumulating in recent weeks mark-up wages, as prices of goods and the raw mathat has made this claim very doubtful ; and the cut- terial now stand they will be making goods at a loss ;
ting off of the extra dividend by the "Amalgamated " they are consequently reduced to the alternative of
and later by the "Anaconda" has, as already indi- accepting this new condition and advancing wages simicated, been assumed by many, in the absence of all larly, depending upon an improved demand and an adother information, to be an official admission respect- vance in raw cotton later to help them out, or to wholly
ing the unreliability of this assurance and strong con
suspend operations unless their employes prefer to work
firmation of the suspicion that the accumulation of under the old scale.
If any large number of the mills
the stocks of copper was becoming burdensome.
production
of cloths will be curtailed
the
down
shut
These facts, rumors and suspicions have exerted a and prices of the product would most likely be
larger influence upon the market than they would strengthened, which would tend to make Mr. Borhave been able to were it not that the public was also
cognizant of, and had in mind, the disastrous experience of a copper corner engineered in France only
a few years ago.
We are, however, strongly of the
opinion that the people who are at the head of the
Amalgamated Company are not of the kind to run
They are strong parties, and likewise,
presumably, conservative. Moreover, were their purpose to corner copper, or were they in danger of being
burdened because of the stocks they hold, they would
serious risks.
have passed the entire dividend of both companies
named above. The fact that they have only omited
the distribution of what they have always called
"extra" is, to our mind, evidence of a situation just
den's purchases a good venture.
On
the other hand,
the mills, other than Mr. Borden's, raise wages and
go on manufacturing, the first cost of their produc-
if
would be increased and the tendency of the
mills would consequently be to hold the product at
tions
money
they sell at the
old quotations; this situation would, it seems, again
inure to the advantage of Mr. Borden and his stock of
higher prices, as they lose
clo'hs.
if
But suppose the higher
price
makes it profitable for print cloth mills
to work day and night what then?
for
in the
cloths
South
—
The Atchison Topeka & Santa Fe annual
report
reached us yesterday afternoon, too late in the week
September
THE CHRONICLE.
28, 1901.]
for detailed analysis Co day.
As the company's monthly
returns of earnings had foreshadowed would be the
case, the income account for the year makes an ex
tremely gratifying exhibit. The net receipts for the
twelve months (afcer charging $900,000 to expenses for
Betterment account) amounted to $20,305,340, and the fixed charges (including interest on the
adjustment incomes) were only $7,830,811, leaving a
Special
balance of $12,474,529. The five per cent dividends
paid on the preferred stock took $5,708,690, still leaving $6,765,839. This, it will be observed, is equal to
stock
common
shares thus far, namely the
payment
of
1
i
per cent in June last, and which called for $1,530,000.
In addition to the $900,000 credited to the Special
Betterment Fund and charged to expenses, another
$1,000,000 has been credited to the same fund and
charged to profit and loss. President Ripley makes
reference to the failure of the corn crop in the Southwest the present season, and we notice he takes the
view that the effect of the shortage on the Atchison's
entitled to 4 per
cent
reuce dividends,
the annual requirements for the dividends hence being
is
$560,000.
pr. f
Dividends were also begun on the
then made.
common
payment of 1^ per cent being
The manag» merit are evidently pursuing
stock in July, a
first
Dividends of 3 per cent per
annum on the common shares would require only
$312 648 per annum, which, added to the $560,000 call
for the 4 percent on the preferred shares, would make
a total requirement for dividends of only $872 648, as
a conservative policy.
against the late year's net earnings of $1,354,177.
over 6 per cent on the company's $102,000,000 of
common stock. Only one dividend has been paid on
the
635
The only change
in the official rates of discount
by
banks this week was by the Imperial
Btnk of Germany, which on Tuesday advanced its
official rate from 3| per cent to 4 per cent. The Bank
of Bengal, at Calcutta, raised its rate of discount
from 4 per cent to 5 per cent. It was announced on
the European
Thursday that the Bank of England had sold £501,German gold coin for shipment to Berlin.
000 in
An
interesting feature of the statement of the
New
York' Associated Banks last week was the close corresfiscal year will be slight.
He pondence in the changes in loans, cash and sursays:
"Notwithstanding an almost total failure of plus reserve.
Th8 loans were decreased $6,316,the corn crop in Kansas and Oklahoma, it is not be- 900, largely due to the liquidation of speculalieved that the earnings for the coming year will be tive accounts in the stock market; the cash inlees satisfactory than those of the last.
The direct creased $6,295,900, reflecting payments for bonds
grosB earnings of your property from freight on corn during the week, and the
surplus reserve induring the year covered by this report were approxi- creased $6,543,675, carrying this item to $13,654,225.
mately $600,000, of whioh about one-third came from The deposits decreased only $1,071,100. It is notethe sections in which there is little or no damage. worthy that since September 7 the loans have fallen
revenues for the current
.
The
indirect loss of earnings (on cattle, hogs, etc
)
$19,196,600 and deposits $17,330,200, while specie
has increased $5,266,7o0 and legal tenders have de-
off
cannot be accurately computed, but it is believed that
increased tonnage in other lines of business and other creased $2,860,900, making the gain in cash only $2,territory will quite compensate therefor."
405,800. This indicates that the improvement in bank
conditions, reflected in the gain of $6,738,350 in surThe Hocking Valley Railway is one of the smaller plus reserve in this interval, was chiefly due to liquireorganized railroads which makes a strong income dation in loans. Payments at the New York Subshowing and reveals very creditable operating results. Treasury for unmatured bonds during the week were
The present is the second annual report of the new $4,690,694 85, making $34,705,930 97 since April 2.
company, which is of the same general character as The Oregon arrived at Port Tjwnsend, Wash., on
the first report. The traffic of the road consists largely Tuesday with $750,000, the Roanoke on Wednesday
of bituminous coal, and hence low rates are realized. with $350,000 and the Senator on Thursday with
For the twelve months under review the average on the $500,000 gold from Cape Nome.
entire freight tonnage was only 4 42 mills per ton per
mile, which was a trifle lower even than the average
Money on call, representing bankers' balances, has
of the year precediog, when 4*48 mills was obtained. been easy this week, mainly, however, because of the
The train-load, however, has been brought to a almost continuous liquidation in the stock market.
high figure, and hence the service is made profitable. Loans at the Stock Exchange were made at 4£ per cent
The average load has not varied much the last and at 2£ per cent, averaging 3| per cent. On Monday
two years, having been 645 tons for 1901 and 646 tons loans were at 4£ per cent and at 3£ per cent, with
for 1900.
On the main line the average for the late the bulk of the business at 4 percent. On, Tuesday
year was as much as 686 tons. How greatly above transactions were at 4£ Jper cent [and at 3 per cent,
the ordinary these figures are will appear when we with the majority at 3£ per cent.
On Wednesday
say that the average on the Chesapeake & Ohio for loans were at 4 per cent and at 2£ per cent, with the
the same twelve months, while high, was, including bulk of the business at 3 per cent. On Thursday
company freight, no more than 533 tons and without transactions were at 4 per cent and at 3.V per cent,
company freight 511 tons, and the average of the with the majority at 3$ per cent. On Friday loans
revenue tonnage for the Norfolk & Western was but were at 4 per cent and at 3 per cent, with the bulk
461 tons.
The company was
basis of interest charges,
reorganiz d on a low
and this, together with the
of
the
business
at
3\
per
cent.
Banks
and
serves to make the income
showing very gratifying. The interest and rental
charges for the late year were $987,879, while available
trust companies have loaned at 4 per cent as the
minimum. Time loans were freely offered during the
week at 4£ to 5 per cent for all periods from sixty
days to six months, rates being graded according to
net earnings (including income from securities owned)
were $2,342,056, thus showing a surplus above fixed
charges in amount of $1,354,177. Dividends on the
Loans on good mixed security were 4£
per cent, while those on a large proportion of indusThe demand was only
trial stocks were 5 per cent.
$14,000,000 preferred stock have been paid almost
from the organization of the new company. This
fair;
efficiency of operations,
the collateral.
borrowers are apparently expecting lower rates
and therefore they generally decline present offer-
THE CHRONICLE.
63(>
commercial paper is slowly increasing, but a larger volume is looked for soon after
the beginning of next month. The demand is good,
with some local inquiry, though the sales are chiefly
Rates are 4f per
in Eastern and neighboring cities.
cent for sixty to ninety day endorsed bills receivable,
5@5£ per cent for prime and f>$@6 per cent for good
ings.
The supply
of
|V0L. LXX1II.
cables to 4 8G.j@4 86$,
strong
for
covering and for remittance, as above noted. This
inquiry was less urgent on Thursday, the market was
and
easier,
rates fell off to 4 85i*@4 85$ for short
England minimum rate of
remains unchanged at 3 per cent. The cable reports leading drawers.
discounts of sixty to ninety day bank bills in London
2|@2§ per cent. The open market rate at Paris is 1^
(60 day*.
per cent and at Berlin and Frankfort it is 3£ per Brown Broi. •1 Sight....
Baring,
60 day
According to our special cable from London
cent.
Magonn A Co.. Bight....
Sank BrltUh
(60 days.
the Bank of England gained £131,049 bullion during
No. Amerlct,., Sight....
of
(60 day*.
the week and held £39,637,691 at the close of the Sunk
Montreal.
Sight....
Bank
BO day
week. Our correspondent further advises us that the Canadian
of Commeroe.
Sight...
ok (80 day
gain was due to the import of £96,000 from the Cape, Heideibaoh,
elbelmer & Co. Sight....
to receipts of £185,000 net from the interior of Great basard Frere*.. (80 day*.
Bight...
< erohanta' Bk. (90 day*.
Britain and £150,000 exported to Egypt.
of
J
1
J
of Canada...
foreign exchange market was quite strong until
.
88*
486
4 83*
480
4 88*
486
4 88*
THTTR..
Sept. 25. Sept. 26. Sept 17.
88*
84
84
84
86
86
86*
8e*
86*
88*
83*
84
84
84
86
86
86*
ea*
86*
83*
88*
84
84
84
86
86
88*
£3*
86*
88*
86*
88*
84
80
84
84
4
-
-»
S6*
36*
J
4 86
86
86
86
«83*
88*
88*
88*
\
4 86
86
86
86*
83K
486
4 48*
486
4 83*
8»*
88*
86
84
86*
4
84
84
86
86*
86*
83*
88*
84
84
84
86
86
86*
83*
88*
86*
68*
E6*
83*
4 86
86
86
86
J
•
Wmd.
Vi.s.
F*R1
Tins..
Sept. 20 Sept 88. Sept. 24
J
I
The
demand
and
to 4 86@4 86| for cables, while long remained unchanged at 4 83£@4 88f. The market was barely
steady on Friday, when there was a decline of oneeighth of a cent in long and in cables. The following
discount shows daily posted rates for exchange by some of the
four to six months' single names.
The Bank
and the market was quite
day, influenced by an urgent
all
J
(Sight....
The market
88 H
86
86
83i@4 83£ for long, 4 r5f
85i@4 86 for cables. Com-
closed at 4
@4 85$ for short and 4
Thursday, when the tone grew easisr in consequence
mercial on banks 4 82$ @4 82$ and documents for payThe early inquiry appeared to
of a lighter demand.
ment 4 82$@4 83. Cotton for payment 4 82$@4 82J,
be somewhat urgent for sight exchange to cover
cotton for acceptance 4 82$ 4 82£ and grain for
maturing loan contracts and also to remit for securipayment 4 82f @4 83.
ties sold for European account, and it was reported
The following gives the week's movements of
that some considerable amounts of exchange were required to remit for the instalment of 15 per cent on money to and from the interior by New York banks.
the British £60,000,000 loan of April last, which payWit Interior
Wuk JBndtns September 97, 1901. Receiced ot Shivvtd by
W. T. Bank*. W. T. Bankt,
Mov etiwit.
ment will be'due October 10. There was a demand
@
for cables early in the
semi- monthly
week
in
connection with the
Onrrenoy.
Sold
14,774,000
18,722.000
829,000
1,664.000
Loss 13948.000
Loss
785,000
London.
Commercial
Total gold and legal tender*.
16.608.000
110, 286,000
Loss. 14.683.000
bills were in limited supply, and the absence of those
With the Sub-Treasury operations the result is as
against cotton was accounted for by the fact that
follows.
The advance in excotton is moving very slowly.
Wir Chang* in
Into
Out
Wuk BnMnt September 27. 10tl.
change of course effectually prevented further engageBank*.
Bank*.
Bank HoUHnt*.
ments of gold in Europe for shipment hither. There
15.603.000
Loss 14.653.000
Bank* Interior movement, a* above
1 10,286.000
was an arrival of $250,000 gold on Wednesday from
24 390,000
21.100.000
Gain 3 200,000
829.908 000
181.386 000
Loss 8M8S 000
London, consigned to Miiller, Schall & Co., and it
was announced on Thursday that the Sierra had arThe following table indicates the amount of ouilion
rived atj San Francisco with $2,500,000 gold from in the principal European banks.
settlement
in
07°
Australia, ^consigned in part to the Angle-California,
and the^London, Paris and American banks
at
San
This gold will be immediately transferred
through Assay Office checks to Seligman & Co. and
Lazard Freres, the representatives in this city of the
banks above named. Seligman & Co. announced that
they had advices of a further consignment to their
San Francisco Bank of $1,500,000 on the Sonoma,
which left Australia on September 24 this steamer
also brings $500,000, consigned to the London, Paris
and American Bank. The A3say Office paid $1,078,147 98 for domestic bullion. Gold received at the
Custom House during the week, $652,408.
NomiDal rates for exchange were advanced on
Wednesday by the majority of the drawers to 4 84 for
sixty-day and 4 8G-$ for sight.
Rates for actual business opened on Monday at an advance of one-quarter
of a cent all around, compared with those at the close
of last week, to 4 82|@4 82£ for long, 4 85^@4 85£
England
rranoe
Germany*....
linula
A.n».-Hnng'y.
Spain
l
WOO.
Bold.
Siloir.
Total.
Bold.
Silver.
Tola..
1
X
1
X
S
M
89,637.691
95.366,646
31,078,000
68.895.000
44,147.000
14.004.000
15,868.000
Netherlands..
6.124 200
Be'g'm*
8,091 700
vat.
27,
of
Francisco.
;
September
September 28 1901
Sank
39.687 691 86,107.411
86,107.411
44.613.244 139,999.890 90 680 870 46.150,214 185,771 034
16,008.000 47,031.000 23,989,000 12,332.000 3f,«.71.O00
6.792.000 76.187.000 76,911.000 7,082 000 62,903.000
10.922 000 65,069.000 37.8.14 000 9,888,000 47,762 000
17.185.000 31,129,000 13.683.000 16,832.000 30.681.000
1,970 400 17,883 400 16.391,000 1,669.000 17.060.000
4,670 000 5.644 000 10,614, TOO
5,843,9:0 11,768,100
1,647.800
4,048.000
4,872 0O0
8,848 000 1,484000
.thl* week 317,700 837 104021844 4 22.828.081801,240,281 100021814 401,261 495
Tot. orev. w'k 316.050.899 10461:076 421.267 974 806,958.893 101932307 407.834,700
A WORD MORE ABOUT PENSIONS.
Our remarks
system published in these columns some v^eks ago have attracted the criticism of a valued correspondent, who
writes to call into question some of our statements of
fact.
The statements to which objection is made are
for short and 4 85$@4 85f for cables.
The market embraced in our intimations that hundreds of thouswas strong, and it so continued on the following day, ands of pensions are now being in substance paid for
when there was a further advance in rates, long mov- fraud, misrepresentation and perjury that rich men
in regard to the pension
;
ing up one-quarter of a cent, to 4 83@4 83£, short in active business are drawing pensions that soldiers
;
one-eighth of a cent, to 4 85£@4 85$, and cables three- dishonorably discharged are receiving the reward of
eighths of a cent, to 4 85£@4 86. On Wednesday long
honorable service, and that living men are receiving
advanced to 4 83£@4 83f, short to 4 85f@4
and
the
85f
Government's allowance in the name of dead nun
Skitember
THE CHRONICLE.
28, 1901.
637
with whom they had no legal association. Oar corre enemy, and provided he afttiwards served again in
spondent calls our attention to the fact that proof of the army. The formal charge, the Act prescribe*,
the existence of such abuses in the pension service, if "shall be removed in all cases" where it is shown that
submitted to Commissioner Evans, [would promptly re-enlistment was not made to secure a bounty. We
do not doubt that there are instances where the inensure the correction of the roll.
This view of the case is partly correct and partly incor- sisting on a technical charge of this nature might
one of considerable
public importance, we take this opportunity to return to
the subject. We wish, in the first place, to concur with
our correspondent's view, that conclusive legal proof
of the granting of a pension contrary to the letter of
the pension law would be promptly used by Commissioner Evans for the correction of the list. Mr. Evans
has, from the first, as we pointed out in our previous
article, been a zealous promoter of the Government's
It is owing to his deterinterest in these matters.
rect,
and
as the matter involved
is
have done wrong to a deserving claimant.
Hut it
ought to be manifest to any reader how widely the
door is opened by so sweeping a Btatute to the claiming of actual reward by a skulker and a coward.
Nothing like this provision, so far as we are aware,
was ever before dreamed of by any government or
legislature in
its
senses.
Passing to the last of the specifications to which our
correspondent makes objection the receiving of pension allowances in the name of dead men by living
—
—
mined stand that a host of baseless or questionable men who had no claim whatever to them we may
claims for Government funds bave been turned from refer all doubtful readers to the records of the Penthe door of the Pension Office. We should be sorry to sion Bureau. The case, well known in pension circles,
think that a national organization of veterans had of the Providence attorney who collected pensions in
taken formal stand against such a public officer because of his devotion to the Government's rights and
interests.
We should certainly prefer to believe that
the veterans had been misled into supposing that really
unjust discrimination had been practiced.
But with
Commissioner Evans's record what it is and has been,
we cannot hesitate to say that the attitude of the
Grand Army organization towards him, as shown by
its convention proceedings and by the action of some
of its leading members, is most lamentable.
What are the facts of the Pension Roll ? Misrepresentation, fraud and perjury are words which different people may possibly take in different senses. For
ourselves, we should apply these terms to the action
of any man who swears that a given infirmity or disability was contracted in the service when both he
and his friends are aware that it dated from his birth,
or was caused by incidents occurring long after the
Civil War, or was to all intents and purposes imaginary.
AVe hardly need ask our readers whether cases
exist of pensions drawn on such a basis.
We doubt
if a dozen men could meet in casual conversation
without eliciting almost as many examples, lying
within the personal knowledge of the speaker, of an
imposture practiced on the Government.
Bat our
correspondent must be quite aware that the striking
of such beneficiaries from the roll is something which
the most stout-hearted Commissioner could hardly
accomplish.
It is a matter of painfully common
knowledge with what facility even physicians' certificates have been obtainable for such purposes as
name of deceased clients long after their death, is
one instance in point; but it is only one. The personation of dead men by swindlers anxious to get the
pensions is a matter of record for which the rolls of
the
the Bureau will give ample testimony. Our readers
may rest assured that we did not speak on this matter
in ignorance of the facts.
We
may, perhaps, not have
been warranted in saying that such offences are being
practiced now.
This, as our correspondent properly
points out, is indirectly a reflection on the administration of the Bureau, whose duty would of course
be to ferret out such frauds as was eventually
done in the cases to which we have referred above.
Unfortunately, however, there is too much reason for
believing that the swindles perpetrated on the Bureau
in former years are, in one way or another, still being
plotted.
An honest and capable administration notoriously has its hands tied, first by the extreme laxity
of the Persion Law's own provisions, and next by the
loose good nature with which the thousands of "special
bills" are log-rolled through Congress.
In these matters the Government, as a very competent critic of the
pension system has remarked, "has to trust more to
good luck than to anything else to save itself from
being continually cheated."
1HE ILLINOIS CENTRAL— ITS POLICY
AND METHODS.
In considering the recent policy and management
of the Illinois Central Railroad
a subjeot suggested
by
the
these.
appearance of the company's annual report
Rich men, or men in receipt of a handsome living the fact which stands out very conspicuously is that
income, are drawing pensions with the approval of those who are guiding its affairs have pursued both a
the law. We believe that there would be quite as lit- progressive and a far sighted policy in the administra-
—
any large community in pointing out tion of the property. As bearing particularly upon
such men drawing pensions for misrepresented injury that point, it is worth while to recall that the Illinois
in the service as of pointing out offenders of the same Central management as early as 1890 showed that they
sort in humbler station.
Tfiis fact, too, we are quite realized the new requirements for successful railroad
willing to leave to the personal observation of our operations in modern transportation service in the
United StateB.
readers.
The reader will perhaps remember that in reviewIt will probably surprise some to learn that receipt
ing
the report for 1890 we directed attention to one
of pensions by soldiers convicted of desertion is not
only possible, but may happen in direct conformity rather striking statement contained in the same. The
with the law. The Pension Act distinctly provides statement was to the effect that the directors felt satthat the charge of desertion agairjst a soldier of the isfied that competition among Western railways, which
Civil War for having quitted his service without having had theretofore been almost entirely on the line of a
first received an honorable discharge, shall be removed reduction of rates, was coming to be, as in Great
provided the soldier did not desert in the face of the Britain and the Eastern States, one of adequacy and
tle difficulty in
(>38
THE CHKONICLE.
frequency ol service, and that in such a struggle bucThe statecesa lay in furnishing the beat Bervice.
ment formed part of a general discussion of the future
needs of the property, and was made with particular
reference to an increase of $5,000,000, which had then
tor the
[Vol. LXXI1I.
roads as a whole.
It
we should compare with
the other large systems runnlDg out of
difference in favor of the
still
greater,
though
it is
Illinois
Chicago, the
Central would be
fair to say that
roads had, in the latest year
none of these
for which their reports
are available, so large gross receipts per mile of road
been determined upon, in the stock of the company.
The remarks quoted sounded the key-note to a pol- operated, or so many cars and engines per mile
icy which has been continued ever since, and to which operated as had the Illinois Central in tbe year ending
in a general way every other leading railroad in the June 30 1901, a fact which of course has considercountry has since found it necessary to conform. In able bearing upon the maintenance out'ays.
The comparisons here given are not merely interthe report for this earlier year it was noted that the
esting,
the
they are highly important; for the Illinois
traffic offering was in excess of the capacity of
agencies then at the company's disposal to take care Central is not only one of the older railroad properties
if the country, but it has a record of
prosperity that
of it, and this is a condition which has remained truhas
few
parallels.
Hence its action and methods may
ever since that time up to the present date, notwithwell
been
serve
as
a
model
and pattern for other roads.
have
standing the tremendous outlays that
made in the interval to enlarge plant and facili That this prosperity should have continued uninterThe reader should be tolerably familiar with rupted through all the changes in mileage which have
ties.
what has been done to provide new and more powerful occurred (a great deal of new road having been added
locomotives, larger cars and increased numbers of from time to time), and that the company's dividend
them, heavier rails, and extra tracks, sidings, &c, for record should have been maintained unimpaired under
every recent report has referred to the matter at successive large increases in capitalization, is as signifilength.
As for the outlays on that account, the fur cant a fact as it is noteworthy. None of the new roads
ther increase of $13,200,000 which is now to be acquired earn anywhere near as much per mile as the
made in the share capital of the company, raising it to Illinois Central did at the time of their acquisition, and
$79,200,000 [the am >unt stood at $40,000,000 on June yet the Central's grosg receipts per mile have steadily
30, 1890], tells the story in a graphic and an eloquent increased, being $8,755 for 1901, against $6,598 for
1895 and $5,567 f .r the calendar year 18>48.
way.
There
At the same time the company has each year could be no more conclusive testimony to the wisdom
been spending increased amounts for maintenance. and success of the policy pursued in its management.
We observe from the report before us that in the Including the dividend paid Aug. 31 1901, ninety-three
year ending June 30 1901 the expenditures for main- semiaunual cash dividends have been paid by the
tenance of way and structures averaged $1,390 per company, amounting in the aggregate to $32,757,095.
mile of road operated and that the expenditures for The average of these dividends has been 6 7 per cent
maintenance of equipment averaged $1,033 per mile, per annum. Excepting the single year 1877, when 4
makir g together $2,423 per mile. How this compares per cent was paid, shareholders have in each year
with previous years and how it compares with the since 1863 received at least 5 percent, and often much
average of the maintenance expenditures per mile for more. The last three dividends have been at the rate
of six per cent per annum.
all the railroads in the United States, as given in the
Not alone, however, has the company been able to
report of the Inter-State Commerce Commission, is
make continued large returns to its shareholders, bat
shown in the following.
its income in recent years has greatly exceeded the
^—Maintenance Expenditures per Mile.~.
Tears ended
Illinois Oentral.
June 30.
All roads in U. S requirements for the dividends paid.
This is strik1890
$1,382
$1,705
ingly true of the results for the twelve months cov1891
1,577
l,t>79
ered by the present report, in which the Illinois Cen18921.775
1,804
1893
1.666
tral, in common with other rail earners, enjoyed
1,803
1894
1,698
1,461
exceptional prosperity. We need not go into a de1895
1,630
1,450
tailed analysis of the receipts for the twelve months
1896
1,868
1,614
1897
2,014
1,540
for the purpose of pointing out how large the addition
1898
1,950
1,711
to revenues has been, the increase amounting to
1°9!»
2,033
1.767
2,402
1900
2,038
$4,28*,493 in gross and to $1,316,096 in net, how pas1901
2,423
Not yet reported*
senger and freight receipts alike have shared in the
The foregoing affords a noteworthy demonstration improvement, and how, though there was a further
of the consistent and faithful way in which the com
increase in length of road operated, the gain in earnpany has adhered, in good years and bad years alike, ings was proportionately very much heavier than the
to the policy of increasingly high standards of main- ratio of increase in mileage.
These are facts which
tenance which it was announced in 1890 could alone will become evident on a cursory inspection of the
fulfill the requirements of modern transportation ser
report, and moreover they are a repetition of the story
first
In
the
six
of
the
vice.
twelve years covered by and experience recorded in all recent reports.
the table the expenditures of the company did not aver
Prominence deserves to be given, however, to
age much above $1,600 per mile; for 1900 and 1901 they the fact that the
successive increases in
net
were $2,402 and $2,423 respectively, an increase of. income year after year have placed the comroughly, 50 per cent. Moreover, whereas in the first pany in a really striking position of strength with
four years the maintenance expenditures of the Centra reference to fixed charges and dividends. On the
averaged less than thoae for the railroads of the operations of the twelve months ending June 30
United States as a whole, in every year since then the 19ul the company shows net income of $13,563,Central has spent a great deal more per mile than the 850 with which
to
meet fixed annual charges
average for all roads. In 1900 the amount for the of $6,596,190. la other words, the surplus above
Illinois Central at $2,402 contrasts with only $2,038
charges was $6,967,660.
The call for the six per
•
September
THK CHRONICLE.
28, 1901.]
(>39
Ltter the property will be mortgaged and the adThe Illinois Central balance
3 per vances thus repaid.
March 1 on $60,000,000
$66,000,000 stock), leaviog sheet shows $1,850,000 of bills payable outstanding
cent August 31 on
excess
in
of
the June 30 1901 and total current liabilities, including
a balance
$3,187,660
of
requirements for dividends. Out of this balance the these bills payable, of t8,950,835. The amount of
company applied no less than $2,895,400 in better- cash and cash assets at the same date was $5,130,363.
ments, and contributed $280,000 to the Pension Fund These assets of course do not include any of the comoent
cent
dividends
paid
was
only
$3,780,000
stock and
(3
per
which has recently been established for the benefit of pany's extensive holdings of stocks and bonds of the
employes, and carried forward the small remainder various properties in which it is interested. For in($42,260) to the credit of the Surplus Dividend Fund. stance, the $4,105,163 of advances to the Fort Dodge
should be added, furthermore, that these figureB & Omaha reported at the close of the previous
do not include the surplus above obligatory fixed fiscal yearjwere prepaid during the late year, and of
the Illinois Central, Omaha Division, 3 per cent
charges earned by the Yazoo & Mississippi Valley RR
which, though owned by the Illinois Central, is oper- bonds issued for that purpose, $2,750,000 were still
ated separately. This surplus amounted to over a held in the Illinois Central Treasury on June ^30
million dollars ($1,066,079) and $1,016,079 of the 1901. It is significant that the company's investsame was paid over to the Illinois Central the first of ments in the various properties continue to yield very
the present month as the holder of the second mort- satisfactory returns. The dividends received on the
gage income bonds of the Louisville New Orleans & stocks owned averaged for the late year 3*05 per cent
on the par value of the same and 5*17 per cent on the
Texas Railway Co.
The appropriation of $2,895,400 for betterments book value, and the interest received on the bonds
calls attention to another way in which the Illinois owned averaged 3*36 per cent on the par value and
Central property is being improved out of earnings 4 36 per cent on the book value.
entirely independent of the heavy maintenance outlays
to which we have referred above. These special appro
CHESAPEAKE & OHIO REPORT.
priations have been a feature for some years, but tbis
The annual report of the Coeaapeake & Onio Railis the largest annual contribution of that kind yet
made. In 1899 00 the sum applied in that manner way Company for the fiscal year endi'g June 30 1901
was $2,416,674, in 1898 99 it was $1,475,094, and in shows that the property is being developed along the
1897 98 $1,225,000. Altogether, it will be seen, over same lines as in the immediate past. T affic and rev8 million dollars ($8,012,168) has been appropriated enues are being steadily enlarged, the physical condiout of earnings for betterments during the four years. tion of the property is being brought to a high
standard, and increased operating efficiency is being
Entirely apart from the large expenditures from ia
come, the company's capital requirements to provide obtained. As is well known, the company is no longer
the facilities for the expanding business of the system a Vanderbilt concern, but is controlled in the joint
continue on a very large scale. Six millions new stock interest of the Vanderbilt and the Pennsylvania lines
was issued during the year, but the report tells us (both interests being represented in the board of dithat more than that amount was expended on addi- rectors), and President George W. Stevens is continutional equipment and additional second track without ing, and where possible improving upon, the notable
The total work done by his predecessor, Mr. Melville E. Ingalls,
as yet meeting all present requirements.
outlay during the twelve months for permanent im- under whose administration the property was comprovements are stated at $11,307,589, of whicb pletely transformed.
$3,000,000 was provided by the issue of Litchfield
Aided by the marvelous industrial activity with
Division bonds. Of the $11,307,589, $2,895,400 was which all parts of the country are being favored and
defrayed from income, $418,376 was charged to the by the improved rate situation, the gain in gross revBetterment Funds and $7,993,814 was charged to capi- enues the last three years has been nearly as large as
tal account.
As showing the company's further during the preceding seven years. If we take a retrocapital needs, it is estimated that upward of $5,000 000 spect over the decade, we find that in the fiscal year 1891
will be required alone for outlays for new second aggregate gross receipts were only $^,127,111, that by
In
the
track.
report
1899 1900
for
it
was 1898 the total had got up to $11,7*8,557, and that now
pointed out that the volume of traffic had in many for 1901 the amount is $15,371,542. The increase beplaces reached the limit of economic operation by tween 1891 and 1898, it will be seen, was $3,661,446,
It
,
means
and during the late year 89*33
miles of additional second track was put in operation.
The report states that the directors have ordered the
completion of the double track from Chicago to Fulton, Kentucky, and the building of a second track
from Jackson, Miss., southward toward New Orleans.
These various requirements explain the further inof a single track,
$13,200,000 now proposed. Reference is
made to the fact that the late year's surplus abov*charges at $6,967,660 equals 1056 per cent on the
crease of
present capital of $66,000,000 and 8'80 per cent on
the $79,200,000 new total of capital.
Duriug the year the company acquired the lines
formerly embraced in the old Peoria Decatur &
Evan8ville Road and it has made $5,207,949 of advances on account of that purchase. The road has
been included
in
operations
sinoe
Sept.
1
1900.
and between 1898 and 1901 $3,582,985. The slower
measure of growth in the earlier portion of this period
followed not alone from the lack of industrial activity,
out also, and most of all, from the great decline in
rates.
It will be remembered that the problem which
had to be met in the case of the Chesapeake & Ohio
waB how to move traffic at previously unheard of rates.
The late C. P. Huntington was once quoted as saying
—w
think it was with reference to this very Chesapeake & Ohio property that there was profit even in
moving tonnage at half a cent per ton per mile, provided a road could get tonnage enough. This was a very
long time ago, before a half-a cent race had become so
t
—
common
as
their lot
it
no longer to excite surprise.
But the Chesapeake & Ohio management found that
in the solution of the special problem which fell to
would be necessary
to
move
traffic for
a
THK CHRONICLE.
640
In 1891
great deal less than half a cent a ton a mile.
the company was still able to obtain an average of
525
mills
per ton mile on
its
total
traffic.
This,
however, quickly became a thing of the past. The
average dropped lower and lower, and the decliae was
not arrested until this very last year, when for the
In
first time a noteworthy improvement occurred.
1900 the average was but little better than a third of
a cent per ton per mile, being 3 43 mills. On the coal
[Vol. LXXIII.
having been in 1890 but 225 tons. And
this shows how it has been found possible to enlarge
net earnings and reduce the ratio of expenses to gross
revenues, notwithstanding the steady shrinkage in
rates.
Including freight carried for the company's
own use, the train-load in 1901 averaged 533 tonB.
The average keeps well ahead of that on the Norfolk
& Western, whose revenue load for the same year
was 461 tons, against the Chesapeake & Ohio's revedoubled,
it
was but little more nue load of 511 tons.
2*02
The improvement in the average rate realized in
mills, so that it
beiDg
but
than
was necessary to haul five tons a mile to earn a single the late year is deserving of a word of comment. The
average for the preceding year had been 3 43 mills
cent.
the
per ton per mile; for 1900-1901 it is 3 -88 mills.
This is
This was the situation that had to be met, and
obviously
in
1891
while
a
very
improvement,
though
the
that
met
is
shown
by
fact
substantial
it
was
way
traffic
the average
in that year
a fifth of a cent,
The improveon an average rate of 5 '25 mills per ton mile, aggre- still leaving the rate extremely low.
gate net earnings were $2,206,694, in 1900, with an av- ment extends to both the coal tonnage and the generage rate of but 3*43 mills, the net had been increased eral freight, the average for the former rising from
2-02 mills to 2*72 mills and for the latter from 456 mills
to $4,695,285, while now for 1901, with an improve
ment in the rate, there has been a further increase in to 5*25 mills. Manifestly the higher average rates realthe total, bringing it up to $5,805,661. It is note- ized were the most important factor in the late year's
worthy, too, that the ratio of expenses to earnings has further increase of $1,969,471 in gross earnings and
been greatly reduced in the interval. In 1891 it took of $1,110,376 in net. The rise in the average will be ac72*8 per cent of the earnings to operate the road and cepted as evidencing the greater harmony prevailing
For 1900 the ratio was only among the different roads and a better rate situation
in 1892 73-3 per cent.
64-9 per cent and for 1901 but 622 per cent. generally.
lb certainly evidences that, but it would
Nor
omy
The
does
this
reflect
which
in
full
the increased econ
road is being operated.
decreased in face of greatly inratio has
creased expenditures upon maintenance account,
which for the late year were decidedly the largest in
the whole history of the company. For maintenance
of way and maintenance of equipment combined the
expenses of 1901 were roughly If million dollars
larger than those for 1891, ten years before.
Of
course with the expansion in traffic and the increase
in track and equipment, maintenance expenses would
naturally go up, but the additions have been far in
excess of the requirements for that purpose.
Perhaps
the best way to indicate how liberal the maintenance
outlays have become is to show the way these outlays
have been increased year by year. In 1895 the expenditures in that way were $2,602,677; in 1896 there
was an increase to $2,907,351; in 1897 to $2,947,665;
in 1898 to $3,131,898; in 1899 to $3,322,113; in 1900
to $3,774,655, and now for 1901 to $4,471,067.
The further addition of nearly seven hundred thousand dollars ($696,412) to the maintenance expenses
daring the late year attracts particular attention as
showing what is being done in that respect. The increase in total expenses in that year was $859,095, so
that over 80 per cent of the same is accounted for by
the increased maintenance outlays. In cost of conducting transportation the addition during the year
was only $158,066, and the smallness of the increase
in this item is the more noteworthy as the company in
1901 moved 104,281,538 more tons of freight one mile
than in 1900 and 6,642,474 more passengers one mile,
and the cost of fuel, labor and supplies was higher.
The fact merely furnishes another illustration of
the improved operating results that are being obtained.
We find that with 104 million more tons of
freight moved one mile than in the yearjpreceding, an
actual decrease was effected in the freight-train mileage, the trains having run only 5,969,060 miles in
with
the
1901, against 6,066,561 miles in 1900.
This means
that there has been another increase in the train-load,
be a mistake to suppose that the rise can be entirely
explained by said circumstance or that shippers have
had to pay any such increase as the figures would appear to indicate. As a matter of fact the improved
average would seem to follow quite as much from
changes in the character and composition of the tonnage, increasing the proportion of high- class freights,
from actual additions to rates.
The statistics show that the company carried 203,157 tons less of flour and grain than in the previous
year.
This is traffic bearing very low rates, and it
would not be at all strange if the falling off indicated
that the road had, to an extent, withdrawn from this
as
class of business in
view of the fact that
its facilities
and much more profitably, employed in
other directions. Again, we notice that there was a
were so
fully,
decrease of 218,857 tons in the tonnage in stone, sand
and other like articles, and a decrease of 109,579 tons
in the iron tonnage, both bulky
and low-clas3 freights,
while on the other hand the tonnage in miscellaneous
articles, many of which no doubt bear high rates, in-
Even in the case of coal, where
creased 73,429 tons.
the addition to tonnage was no less than 910,979 tons,
or almost 25 per cent (and which increase alone prevented a falling off in the grand aggregate of the
good part of the added tonnage no
doubt went to local points on the line, where much
better rates are realized than on the through coal
freight traffic), a
shipments.
The
tonnage, in the stone tonnage
and in a number of other items of freight doubtless
reflects the reaction in the iron trade and the check
to industrial activity generally which was experienced
loss in the iron
for a time in 1900, while the Presidential canvass
and
was
show that conditions
during the twelve months ending June 30 1901 were
in progress,
it
serves to
Nevertheless the general
not altogether favorable.
income statement for these twelve months is the best
After providing for inin the company's history.
other fixed charges, a surplus remains
on the operations of the twelve months in the sum of
$2,001,897, which compares with only $1,156,582 in
terest
bringing it up to the high figure of 511 tons. During
the last decade the average load has been more than the
and
all
previous
year.
We
have
already
seen
that
September
LHK CHRONICLE.
28, 1901.]
unusual amounts were iacluded in expenses on
maintenance account.
But in addition the com-
legal
(ill
requirements can ba complied with.
The bank
present loottlun, but a
offioes in a building now beii
returns butiness at
its
least)
has
will
btn-n
vrueted at
made fur new
ih comer of Broadway and Maiden Lane.
out of this eurpluB of $2,001,897 to provide for
— At a meeting of the stockholders of the New York Naextraordinary expenditures for new equipment and
tional Exchange Bank of thin city on Wednesday, a resoluconstruction, leaving a balance of $697,725, equal to tion was unanimously adopted increasing the
capital stock
a little over one per cent, on the $60,54^,100 of stock of the institution from $300,000 to $500,000 and the surplus
pany makeB
outstanding.
mark
a
a
special
The
appropriation of $1,:4U4,171
special
appropriation
new departure any more than the
does not
large main-
tenance outlays do; both, however, were on an unusually
was a prosperous one
and the earnings were large enough to admit of the ap-
liberal scale in 1901, since the year
increased amounts in
that way.
The
from $50,000 to $250,000, by the issue of 2,000 additional
shares of the par value of $100 each at the prueof <^(J'J per
share. Subscriptions are to be received on or before October
10, 1901, and payments are to be made fifty per cent on or
before October 21,
1,
1901,
and the balance on or before Nov.
1901.
is thought wise by reason of the expansion
which has come since the change in manageAltogether the exhibit for the year is a ment three years ago, during which time the deposits have
$348,695
The various new branch lines increased from $1,600,000 to $4,200,000. The officers are:
very encouraging one.
James Rowland, President Frank S. Hyatt, Vice-Presithat are being built should, with the continued activity dent; Lewis E. Pierson, Vice-President; Rollin P. Grant,
of trade, tend to increase traffic and income still fur- Cashier.
ther in the future.
The bank has a very influential directorate, as follows:
James Rowland, of James Rowland & Co.; Hudson Hoagland, Vice-President National Broadway Bank
James M.
ITEMS ABOUT BANKS, BANKERS AND TRU^T CO'S.
Donald, Vice-President Hanover National Bank
Wm. J.
—No sales of bank or trust company stocks have been made Merrall, of Acker, Merrall & Condit Frank S. Hyatt John
this week at auction, in the "outeide" market or at the H. Seed, Wool Commission; Robert H. McCutcheon, SecreStock Exchange. In consequence our usual weekly table tary United States Playing Card Co.; William Wills, Presireporting sales, etc., is omitted.
dent Merchants' Refrigerating Co.; William Halls Jr., Presfor
the
organization
of
the
Empire
National
The projeot
ident New York Land & Warehouse Co. Warren CruikBank of Brooklyn, which it was intended to locate on Broad ehank, of E. C. Cruikshank & Co.; Lewis E. Pierson; Daniel
way near Hileey Street, has been abandoned, and payments W. Whitmore, of D. W. Whitmore & Co.
which have been made by subscribers to the $200,000 stock
—The Fifth Avenue Trust Company of New York has deMany of those who had subscribed were
will be refunded.
clared a dividend of 5 per cent, payable September 30. This
deterred from taking the stock became of the requirement of
institution began business in 1899, and made its first distrithe National Banking Law that stockholders should be liable
bution, 4 per cent, Jan. 2, 1901. On June 30 6 per cent was
for doable the amount of their stock. The failure or the
paid, making with the dividend just declared a total of 15 per
Seventh National Bank had some influence in that particular.
plication of
special appropriation in 1900 for instance was only
This increase
in business
;
;
;
;
—
;
;
—William B. Ridgely, of Springfield, 111., was on Saturday of last week appointed by President Roosevelt CompCurrency in place of Charles G. Dawes, who recently tendered his resignation to take effect Oct. 1. This
troller of the
cent for 1901 to date.
—
As announced in these columns last week, the adjourned'"
convention of the Trust Company Section of the American
Bankers' Association will be held in " The Arcade" of the
Plankinton House in Milwaukee on October 16.
appointment of Mr. Ridgely gave effect to a promise made
—Ill-health, it is stated, has compelled Mr. Rollin C.
by the late President McKinley that Mr. Ridgely should
Mr. Ridgely is a young man, about 43 White to resign as President of the Caxton Savings & Bankhave the position.
of
age,
and
a
graduate
of the Rensselaer Polytechnic ing Co. of Cleveland, which, as previously stated in these
years
He comes of a family of bankers, was at one columns, opened its doors on the 3d inst. Mr. White will
Institute.
time Postmaster at Springfield, 111., and a Vice-President of continue, however, as one of the directors of the institution.
the Ridgeley Bank of that city. Latterly he has been Secre- The new head of the organization is Mr. W. D. B. Alexan.
der, President of the National Screw & Tack Company.
tary of the Republic Iron & Steel Company.
—Measures are being taken by some
of the savings banks
of this State to bring suit to test the validity of the law of
the last L°gislature whioh imposes a tax of 1 per cent upon
the surplus and undivided profits of the banks. The latter
contend that undivided profits, consisting of interest earned
but not due, are not a resource of the bank and therefore
are not subject to this tax. It is thought that the State
Comptroller will consent to a suit in order to obtain a judicial interpretation of the law.
—It
is
announced that Comptroller Dawes has approved of
—Mr.
A. R. Horr has been chosen as Assistant Secretary
of the Western Reserve Trust Company of Cleveland, a position which has been vacant since last spring, when Mr. T. E.
Borton resigned to accept the post of Secretary and Treasurer of the Prudential Trust Company of Cleveland. An
addition has also been made to the directors of the Western
Reserve Trust by the election to the board of Mr. William
P. Palmer, President of the American Steel & Wire Company.
— On
the Kanawha Banking &
Trust Company will begin business i» Charleston, W. Va.
The company has a capital of $200,000 and surnlusof $50,000.
The officers selected for its management are: President,
Charles C. Lewis; Vice-President, F. M. Staunton, and Cashier, H. B. Lewis.
The directors include C. C. Lewis, L.
Prichard, H. B. Smith, H. A. Robson, F. M. Staunton, M. T.
Davis, John Davidson, D. G. Courtney, J. L. Beury and
Tuesday next, October
1,
the plans submitted to him for the reorganization of the
Seventh National Bank of this city. The proposed arrange
ment provides, first, for a reduction of the capital by $300,000
to $200,000, the stockholders retaining the latter in recognition of equities. This reduced capital is then to be increased
to $1,700,000 by the addition of $1,500,000 new stock, which is
said to have already been sold for $115 per share. The name
of the bank selected was that of the Century National Eaoch Carver.
Bank of the City of New York, but there being already a
—Mr. H. O. Miller is the new Cashier of the Merchants'
New York State bank of that name the Comptroller National Bank of Harrisburg, Pa., succeeding Mr. D. W.
notified the Reorganization Committee that the
name Sohn.
could not be used. Among the directors will be Edwin
The convention of the Nebraska Bankers' Association on
Gould, Edward R. Thomas, Alexander McDonald, Will- Friday and Saturday last at Omaha brought forth a gatheriam N. Cromwell, R. W. Jone3 Jr. President of the ing which exceeded in numbers that of any other meeting of
American National Bank of Kansas City William H. Taylor, the association. The address of welcome was to have been
Charles E. Levy, Hugh Kelly, and others whose names have delivered by United States Senator Joseph H. Millard, but
not yet been announced. R. W. Jones Jr. will be the active instead a letter from him (in which he expressed his regret at
Vice-President and Cashier, and Edwin Gould and Edward his inability to be present) was read, welcoming the delegates
R. Thomas honorary Vice Presidents.
The depositors of the and visitors to the city. This was gracefully responded to
Seventh National will be paid in full with interest as soon as by Mr. C. F. Bentley, Cashier of the First National Bank
—
;
THE CHRONICLE.
642
[Vol. LXXIII.
Grand Island, Neb. The next number on the program has been favored during the past few years. The officials
was the annual report of President Henry W. Yates, Presi- consist of G. F. Vail, President; Charles P. Rogers, ViceBefore President; Irving C. Gaylord, Cashier, and Louis V. Ennis,
dent also of the Nebraska National Bank of Omaha.
taking up the report, however, Mr. Yates touched feelingly Assistant Cashier.
—October 1 is the date set for the entire payment on the
on the subject of the assassination of President MiKinley.
increasing
steadily
Nebraska
is
banking
business
of
That tbe
capital stock of the Safe Deposit & Trust Company of Pittswas shown by President Yates in a comparison of lasc year's burg, which, as before noted in these columns, is to be indeposits with those for this year. At the earlier date the de- creased from $500,000 to $1,000,000. The remaining $500,000,
posits of State
070,529,
banks were $25,256,035; national banks,
making a
total of $74,826,564.
$49,-
At the present time
the figures are as follows: State banks, $30,564,634; national
banks, $56.726, >00, or together, $87,291, 134-a gain of $12,
964,570. Otner points touched upon by the President in his
address were natiraal legislation and the subject of trusts.
Then followed the report of the Secretary, Mr. H. R. Gould,
General Agent of the Prudential Insurance Company of
Omaha. The addresses selected by the various speakers
for the occasion (some classed as ten minute talks) were.
"The Expense Aooount of the Bank," by George W. Poet, President
of the First National Bank of York, Neb.
"The Banker— a Servant or an Aristocrat ?" by Mr. John W. Steinhart. Cashier of the Otoe County National Bank of Nebraska City.
"NothlDg." by E. F Foulda, Cashier of the banking house of Frank
r
Foulda, of Sohuyler. Neb.
"Dangers to Country Bankers in Paying lntersst on Deposits," by
J. B. Dlnsmore. President of the Sutton National Bank, Sutton, Neb.
"Impr rtanoe of Character in Bankers and Bank Customers," by 8.K.
Warrick, Cashier of the Broken Bow State Bank, Broken Bow, Neb.
"Dlffioul'les of Banking in Prosperous Seasons," by George N. Seymour, President and Cashier of the Elgin State Bank. Elgin, Neb.
"The Western Nebraska Banker,' by J. W. Welpton, Cashier of the
Exchange Bank of Ogalalta. Neb.
"The Resources of Nebraska for 1901." by W. II. Bucholz, President
of tbe Norfolk National Bank, Norfolk. Neb
"The Nego< table Instruments Law," by Charles K.. Hart, Cashier of
the Franklin County Bank of Bloomington, Neb.
Mr. Charles O. Austin, Vice-President of the Missouri State Bankers'
Association and Cashier of the Mechanics' Bank of St. Louis, spoke on
the subject of fidelity and burglary Insurance.
realized by the sale of the
new
stock
it
will be
remembered,
to be added to surplus.
is
—Mr. A. L. Williams, who with others was instrumental
in organizing the Shreveport National Bank of Shreveport,
La., several months ago, has resigned as Cashier of that institution to accept a similar position with the Commercial
National Bank of Houston, Texas.
Mr. J. J. Jordan,
formerly Assistant Cashier of the Shreveport National, takes
the place vacated by Mr. Williams.
—
John P. Mackenzie has severed his connection with the
Chicago stock-brokerage firm of W. L. Beck with & Co. to
accept an important position with the Great Western Cereal
Company. Warren L. Beck with and Lowry B. Raymond
will continue as brokers in stocks, bonds and grain at the old
location in the
Home Insurance
Building, 199
La
Salle Street.
The firm name remains unchanged.
—A
meeting of the bankers of Indian Territory was held in
Purcell on the 18th inst. for the purpose of organizing a Ter-
The charter membership numbers about
be represented at the American
Bankers' Association next month by Mr. A. B. Dunlap,
President of the First National Bank of Holdenville, I. T.
Toe organization will bear the title of the Bankers' Associaritorial association.
forty,
and these
will
tion of Indian Territory,
as
its
initial
officers:
and the following have been chosen
President, Ei ward M.Kenna, Presi-
dent of the Bank of Poteau, Pott an, I. T.; First Vice-PresiW. M. Tomlin, Cashier of the Cnickasaw National
Mr. F. H. Davis, Cashier of the First National Bank of Bank, Purcell, I. T.; Second Vice-President, E. F. Dunlap,
Omaha, and last year Chairman of the Executive Counoil of of Holdenville, I.T.; Treasuier, F. R. Hedrick, Cashier of
the Association, has been made Vice President for the ensu- the First National Bank of Madill, I. T.; and Secretary,
ing year. Mr. Post, who had formerly been Vice-President, Eugene D. Nims, President of the First National Bank of
was at this meeting elected President of the Association.
Roff, 1. T. Resolutions are said to have been adopted for
presentation to Congress at the next session looking to the
in
New
Rochelle,
The first trust company to organize
betterment
of business conditions in the Territory. The
N. Y., has been incorporated at Albany. It is known a9 the
New Rochelle Trust Company and has been organized with next meeting of the association will be held in South Mcdent,
—
$100,000 capital.
are Mr. William
Chiefly interested in the new iLstitution
Biesell, President of the Bink of New
W.
Rochelle; James Gibson Jr., Albert Mahlstedt, Alonzo
Guest, Samuel C. Knapp, John J. Underhill J. Addison
Young, Winfield S. Spencer, H. D. Phelps, Thomas G. Drake,
and Henri J. Van Zelm, Cashier of the Bank of New
Rochelle.
—Under the management of President Stephen M. Clement,
the business of the Marine Bank of Buffalo continues to ex
pand in a very striking manner. Comparing the figures of
September 12 of this year with those of the same date one
Alester in
May
1902.
—The State Bank of Chicago has been
designated as regis-
trar of the $5,000,000 issue of stock of the new consolidated
" Chicago Title
Trust Company." The same bank, by
&
made executor and
Henry C. Darand, millionaire
merchant and manufacturer of Lake Forest, 111., and Los
virtue of
its
trust department, has been
trustee of the estate of the late
Angeles, Cal.
—The reorganized George H. Phillips Company of Chicago,
with $500,000 paid-up capital, will hereafter deal in stocks as
well as in grain and provisions. They have just opened a
branch office on Dearborn Street, Chicago, in the room fordeposits
<f
in
$5,029,513.
The
fir
increase
an
we
d
ago,
year
merly
occupied by the Home Savings Bank.
time
is
present
agunst
the
at
$12,277,835,
total of deposits
In our issue of
only $7 248,321 on September 12 1900.
October 8 and 9 are the dates selected by the Tennessee
March 9 1901 we printed a statement showing in detail the Bankers' Association for iis annual convention at Nashville.
growth of the Marine Bank from March 16 1897 to Decem- The programme for the occasion has not yet been announced,
ber 4 1900.
although it has been decided to tender the delegates a supper
The official report in book form of the eighth annual con- and to arrange in other ways for a semi-social gathering.
vention of the California Bankers' Association, held in San The officials of the association are President, Lexis S. Parks,
Jose May 30 to June 1, has come to hand. In addition to a President of the First National B*nk of Uuion City Vicefull record of the proceedings of the convention, the report Presidents, N. P. Le Sueur, Cashier of the American National
gives tbe constitution and by-laws of the association. The B*nk, Nashville J. N. Parker, Cashier of the Citizens' Bank,
Dversburg, and T. A. Young, Cashier of the Bank of Waterofficers elected for the year 1901-1902 are as follows: Presi
Treasurer, J. Arnold, President of the
dent, J. M. Elliott, First National Bank of Los Angeles; town, Watertown
Vice-President, James K. Lynch, First National Bank of San Bank of Cookeville, Cookeville, and Secretary, Cnarles A^
Francisco; Treasurer, G. W. Kline, Crocker-Woolworth Parker, Cashier of the Maury National Bank, Columbia.
National Bank of San Francisco, and Secretary, R M.
A new director, Mr. Edward Lovering, of Taunton,
Welch, S*n Francisco Savings Union. The Chairman of the Mass., haa been elected to the board of the Washington
Executive Council is Frank Miller, of the National B=ink of National Bank of Boston.
—
—
:
;
;
;
—
D. O. Mills & Co., Sacramento. An account of the convention was published in these columns on June 8.
—As soon as extensive alterations and improvements under
way
are completed, the Fourteenth Street
Bank
of this city
remove into their new banking rooms on the corner of
Fifth Ave. and Fourteenth St. The change has been necessitated by the growth of business with which the institution
will
IMPORTS AND EXP OUTS OF GOLD AND
SILVER AT SAN FRANCISCO.
Through the courtesy of the Collector of Customs at San
Francisco we have received this week the details of imports
and exports of gold and silver through that port for the
month of August, and they are given below in conjunction
with the figures for preceding months, thus completing
September
OHRONKLK.
THfc
28, 1901.
the results for the eight months of the calendar year 11*01.
The imports of gold were heavier tbaD in anv mon h mine
Jannarv, reaching $1.560 799, of which $1,465,926 was in
coin. Of silvtr there came in $838,918, of wmch $92".6*8
was bullion. During the ei^hf months there was received
a total of $6.8 7,537 *old and $2,13 J. 7 W) silver, which oompares with $1",6 9,»42 gold and $1,828,799 silver in 1900
The shipments of gold during August were $*» 0*5, all ooin,
and the exports of silver have been $942,926, of which
$508,226 wa*< coin. For the eight months the exports of gold
reached $'..'35,890, against $375,074 in 1900. and $8,429
silver was sent out, against $5,949,412 iD 1900. The exhibit
for August and the eigr>t months is as follows:
IMPORT* OP GOLD AND SILVKK AT SAN PBANCISOO.
SILVER.
OOLD.
Coin.
1901.
January..
Maroh
679.3"9
326.055
iO.. 95
490,750
17,*<3
1,465 9 6
April
May
June
July
August
Tot. 8
8.20*
1
2.967
10.H4
268. <2o
70,<'OH
86U.550
42e.86&
rO.M 4
10,487
14,0V
504,rtoe
.^2,7f>0
2*6,533
154.59c
272.978
220,68b
.298
9<
1(0.613
5^,546
f0.68 109,347
4 ,»6i
84,- 7b l,^50,79t. 118,232
!
1901.
January
114
,0
170,750
278 3H7
2-7,020
207 340
Ht- 2.325
338,9i8
SILVER.
Ooin.
Butl'n
Total.
9
9
$
July
2,0
2, OHO
August
5,085
5,085
February..
March....
May
mos
1,59 .1
45,066
37:4.0*
4,1 9«
61. 2'
2.W2
8,455
113.6<5
415.630
443,934
391,( 00
157.000
434,700
57.593
41- 0*6
476.837
452.309
504.635
404.755
942,926
2.341,024
3.429,788
247,755
508,226
1. OP 8. 75
2^5. "9<
35,890 200' 00
172 582
K8«2
205.597
FAILURE* BY **AMCtIEli OF TRADE.
We
take from Dun's Review the following statement
showing the failures in the United States by branches of
trade for the monto of Angus in each of the last three years:
FAILURES BT BRANCHES OF BUSINESS.
Month
From Dun's Rrvuvr.
1901.
No.
Manufacturm
No.
4
IS
I
tools.
Wool'ns.c'rp'tsft knit goods
Cottons, lace and hosier?..
.
Lumb'r.carp'ut'rsA. coop'rs
M^.TOl
,7*i
f 1
1.BO0
6
18
24
2,40
678, »i
1 ,089
i
l^NO^S
1
35,ib0
10.00"
2
6.0i
66,s,
8
18
Milling and bakers.
1«
117.1. V
11
Leather, shoes & harness
Liquors and tobacco...
il
3tJ7,22
..
Iradtrt.
General stores
Groceries, meats and fish
Hotels and restaurants
Llqa<<rs and tobacco
Clothing and furnishing...
Dry gooos and carpets.
Shoes, rubbers and trunks
Furniture and crockery...
Hardware, stoves A tools.
.
Liabi
2
16
?2,523
8*,-75
17.750
108,3
36.701
8
66,71
0)>.«v4
7
201.-7
7
11 '-,871
6
86 400
144.T8"
2
,-05
1
728.4"*
69
6" 6.261
36
'34.3 8
17*
2,915,007
123
l,b6O,670
66
14*
890.618
67
2R7.H0
80
120
.8
244.1 1W
27
416.008
46* 6>".
66
4"
81W.170
«8
*>91 9
8rt8.lU6
87
21
14
n
16
19
330.7**
It,
64K.57*
244.K-8
U1H91
22
16
8 .720
4,611,8(
405.1 7h
Mf>0
6
S7s
tt -w
18fl.H0>
3-9,t>i*
16 .6«8
If-
lOS.iftrt
12.
Mtt-9
11
1B«. 4
H7.071
3H, 94
n
6«.P>-fi
26
l
Hi
Brokers and transporters.
328.418
2.U 6,0(K'
64
6S
24
6
20
e
..
y
n
Allother
8
IOW.mO
7
P0
165
Jewelry and clocks
6
V
$
20 0T0
1
ei
188
.
11-14 :-V!l
ttie*.
10
2
3
.1
l),68n
1
2
28
£
It
A brick
4?
2.132 446
»
Total manufacturing.
No.
84«,*3«
2»
Clothing and millinery.
Hats, gloves and furs.
Chemicals drugs & paints.
Printing and engraving..
Glass, earthenware
All other
1899.
Liabilities.
t
Iron, foundries ana nails..
Machinery and
of August.
19' 0.
Liabilities.
6
m
80S
i*,0
1.51«,'H
1>
4
71
6,'
29. 42
.287
17
77, M
21
110,162
61 0<7
40,3*8
2B.8 9
10<*,M44
9fl8,7f0
11
2
II
DP
26A.585
4^0
2.W*. 41
0« 6v9
21
1,064,771
7,82S.»J)<
614
3,686.««
6 2Hv4
P.t:8.-BC
785
4 0*
7t
<o
66, -2
17,29-
6iK
4V
4,1'
l*0,Oi
17C.771
II
6
6
1
'.
6,7
80.001
NOTS.— Iron, woolens and cottons incloae all toe brancbes ol inoseoiano
factures; machinery Includes implements and toois: lumber Includes saw
planing, sash and door mills. Caroenters and Coopers: clothing Includes milliner t
and furnishings: bats include furs and gloves; chemicals include drugs fertlll
ters, paints and oils; printing and books include engravings and maps: mining
Includes baking: leather and shoes include makers of harness, saddlery trunks
and rubber g>. ods. liquors include tobacco wines, brewers and beer: glass includes earthenware, pottery brick, lime and cement; groceries include meal
and Osh hotels 'Delude restaurants; dry goods include carpels and curtains;
rnrnitureincludescrockery; hardware includes stoves and lools; urn, jewelry
Includes chii'ksiind watches. Brokers include all real estate, note, insurance
or produce <lea lers whose main business is not the handling ol actual products
»nd transport ere Inciudeslleicei' n oorporateo railwa? uomuanies.
;
[From our own correspondent.
London, Saturday, September 14, 1901.
The serious relapse in the condition of Preaident McKnley
yesterday and his death this morniig has caused much grief
here, and on every hand we hear expressions of sorrow that
your illustrious President sLould in spite of the apparently
favorable progress after all have passed away. Tne news of
was by heavy selling of American
and the advance in the value of money in New
his relapse, attended as
securities
it
The Stock Exchange was closed last Saturday when the news
upon the President was received, and by Monday
morning the shock bad passed away, especially as the bulle-
of the assault
British and German account. Other departments likewise
improved, especially British Government stocks and mining
shares.
Generally it may be said there has been an improved feeling throughout the week; and there have been indications in
many directions that the public is at leDg h beginning to interest itself on a larger scale thin during the p*at two years.
Last Saturday, for instance, a New South Wales loan for
to keep open the list of applications until
Total.
9
«9.760
56,000
9
102,822
6.004
1,2-0
June
.
condition.
four millions sterling was brought out, and
Bullion.
Coin.
6.004
1.250
8.882
4.09'
2,922
5.597 200000
lot. 8
$
344030
mos 5.664,563 1.15?.974 .817.537 357,473 1,775.307 2.132,-80
vlPogTS O* OOLD 4ND SILVKK KKOM SAN FRAN(J18CC>
BOLD
1
by the doctors in attendance had given hope that
the miscreant's intention would not be realized. There was in
consequence very large buying of American securities, both on
l'otu.
9
290,484
114.03"
167,7?3
9
9
9
47.027 2.713,087
603,23r
611,438
$
2,66^.0'
February.
Bullion.
Uo\n.
Total.
York, has increased the expectation hit a oonsi lerable amount
of gold will be sent from Europe to relieve the money market.
It is not anticipated however, that any untoward resu'ts either in the stock market or in the ui mey market will
result from the deplorable event wnicli has jost occurred, as
it is recognized that the United States are in a very prospercondition, that the balance of trade is largely in their
( us
favor and that the States are in a very souud economic
tins issued
MONTH*
Bullion.
(543
It was intended
Thursday of this
week; but the applications were so large that the list was
For a long time past nearly all Issues
clc sed on Taesday.
brought out here have more or less failed. Even the Indian
Government did not succeed in getting the small amount i*
wished to borrow a few months ago; and therefore the success of the New South Wales loan seems to show that the
public is once more prepared to invest on a considerable
re »le.
It is true of course that the Australian governments
have been keeping away from the London market for a considerable time, and that therefore the old 11 jating stock has
been absorbed. Still, the incident seems to point to a better
feeling on the part of investors; and the Treasury bills
for a million sterling of the Home Government were also
taken on more favorable terms than was expected in the
market.
The chief causes of the improvement are the ease in the
money market, for the time being at all events, the lessened
demand for banking accommodation for purely commercial
purposes, the small returns now receivable oa deposits with
the banks, the impression that the worst of the crisis in
Germany is over, the growing belief that the resistance of
the Boers is rapidly being worn oat and that pacificttoa will
soon be effected, and lastly the hopes of continued peace
throughout lhe world raised by the visit of the Czar to
France and his meeting with Kiog Edward and the German
Emperor. For some time past the best observers have been
growing more and more confident that tne situation in Germany was improving. Apparently German capitalists themselves now share in the belief.
At ail events tne large
purchases for German account of American securities at the
beginning of this week prove conclusively that the Geimans
are ready to invest abroad on a much larger scale than during the past 12 months. About a year ago, under the pressure that then existed, German holders of American securities sold most of the stocks they possessed, and they have
done very little since then. It does not follow of course that
the crisis is over. Certainly the slow liquidation will have
to go on for some time longer; but all the best observers
throughout Europe are now convinced that all serious danger
of a o lapse is over.
In France there is as little inclination as hitherto to engage
in new enterprise; and probably there will not be mnch
change in that respect until the forthcoming Russian loan is
brought out. The btst informed say that tne loan will not
be issued until some time in the course of next year; but nobody doubts that it will be for a very large amount, and that
it will be successiul, provided always of course that nothing
untoward happens in the meantime. Russia unquestionably
needs large accommodation, aiid she cannot ooain it anywhere at present but in France. It would seem that even in
/I
Russia the crisis is somewhat abating; for mouey is now
cheaper than it has been for a year or two. Still, the crisis
is far from being over, and there is extreme depression in
every industry.
British trade has undoubtedly received a check owing to
the war, the high prices of commodities, especially coal, and
THE CHRONICLE.
644
the large borrowing by tbe Government. Tbo Bjard of
Trade returns for August issued at the b Q ginning of the
week show this very clearly. Of course in many directions
the decreases may be due to purely temporary causet; bat it
is hardly possible that the^ can be entirely so. At all events,
there is a distinct falling off for August, both in the imports
and in the export. Tbe value of the exports for tbe month
was €40,9:57,140, a decrease of €1,159,919, equal to 27 per
cent; and the value of the British and Irish exports was
1:24,205, 569, a falling off of £'779,054, equal to 31 per cent.
In both cases the falling off is largely due to the decline in
prices, which is very general, but it is most marked in coal
and iron. Nevertheless, there is also a large decrease in tbe
quantity of several classes of imports. The most remarkable,
perhaps, is in wood. The value of the imports of hewn and
eawn wood for the month was t-3,034,000, against £1,012.931
in the corresponding month of last year, a decrease equal to
24"3 per cent.
In quantity the falling off was nearly 16-5 Der
cent. The decline is mainly due to the lesser ei demand for
housebuilding. For many years building has been going en
in England and Scotland at a very great ra'e; but there has
been of late a marked diminution. In the exports there is
a decided decrease both in coal and iron and in other thirgs
also, partly due to the fall in prices and partly to the lessened
demand for the Continent.
Money continues abundant and cheap, and the Bank of
England now holds a very large reserve. Money in France
is still increasing in amount, and the great French banks
continue buying sterling bills and lending freely upon the
Stock Exchange. Owing to some apprehend on that gold
may be taken in large amounts for New Yoik, the Bank of
England has put up its buying price for Eagles; but the im
predion is very general that the Bank of France will allow
all the gold to be taken which is needed by France for the
purchase of food stuffs and that the principal French banks
will continue to employ their surplus funds in London. All
over the Continent money is very cheap and abundant; and
unless, therefore, there should be large shipments to New
York, the probability seems to be that it will continue fairiy
cheap in London likewise.
The India Council continues to pell its drafts fairly well.
It offered for tender on Wednesday 35 lacs, and the applicalacs.
The total amount ffered was
tions exceeded l,l<
The following shows the Imports of oereal produoe Into the
Kingdom during the first week of the new season
compared with previous seasons
Tnlted
:
IMPORTS.
about
8 31-32d. per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c
Is.
1901.
Sept. 11.
Circulation
Public deposit*
Other deposits
government securities
Other securities..
Reserve of notes and OOln
Coin* bullion, both departm'ts
Clearlue-H ouse returns
The rates
for
x
*
*
£
23.66:1/75
6,709,859
27.941.H75
38,895,'<i20
39,4«0,345
27,429 180
8.349.U41
40,246.010
18.415,593
14,417.494
26,01?,18J
24 628.837
36.416,712
b-%
63%
3
88 16-l6d.
4
98 11-16
28 13-16U.
142. : 68.000
lii8.251.000
9315-16
money have been
7.234,8^
l.S,C67,t<58
27,704,674
24,47d,8H3
35,612.767
bl\&
:-£
104 16-16
27 3-16d.
131 .514,000
Bank
*
3 Month*.
4
2X
2 7-18
h
2 3-16@2Ji
2 3-16
2%
2X®2«
2M@t%
25S@2H
17 3
24 8
"
81 3
Sept. 7 8
"
14 .!
2
2%@3
*%@3
m
5-U@2^i
Messrs. Pixley
6 Months.
3
&
*m
2*
464,200
247,700
161,100
297,000
480/200
387,800
304,800
364.970
45,400
20,430
40,500
38.800
Beans
34.000
20,600
40,200
51,920
'ndlanoorn
879,100
1,015,500
1,140,900
1,238,600
Piour
338,700
349,500
208,000
314,350
Supplies available for consumption (exclusive of stocks on
>»&»
f'eas
September
1):
1901-02.
<Vt,eatimported,owt. 1,274.800
naporte of flour
338,700
<»l*sof
home-grown.
Total
t-ver. price
3
Mos.
qrs ..2,185,000
"lour, equal to qrs...
^ize
300,000
qrs
Exports.
<anuary
February
March
April
May
June
July
August
Mos Banks
I
2*®2«
3®3M
<H®8
3@8M
Oall
m
Davt
IK
IK
IK
IK
IK
IK
IK
IK
1
;
;
;
;
:
;
;
£31.200.
*
d.
Sept.
Silver.
Sept.
London Standard.
Sept.
5
12
5.
d.
|
Bar sliver, tine.. oz. 27
Do 2 mo. delivery 27
76 5%
76 5% Bar silver, oontaln'g
76 5V do 5 grs. gold.oz. 27k
do 4 grs. gold.oz. 275 le
76 5
do 3 grs. gold.oz. 27k
Cake silver
oz. 29k
Mexican dollars. oz. 261*1
77 11
Od.
28s.
Id.
of wheat, flour
and
1900.
1,865,000
1899.
1,785,000
310,000
830,000
Difference.
£
+1,431,602
+2,669,631
+1,428,922
+3,71'., 016
-l,449,b68
—305,269
+ 2,764,155
—1,159 919
a.
£
£
5,051,307
5,966,S63
5,200,525
6,286.007
6,056,229
5,522,270
5,526,083
6,166,955
5,482,465
5,575,325
5,666,338
5,860,547
5,394,462
5,441,884
4,782,314
5,409,379
Re-exports.
March
April
August
t-1,169,849
—2,182,394
—295.528
—658,114
—1,159,218
—2,450,911
—164,786
—779,054
Per Ot,
+3-21
+5-49
+316
+8*66
——3'30
-07
+68
—27
+2-4
Per Ot.
+4'91
-939
— 1'16
—2-91
—4-70
—990
—0-6
—3-1
Per
£
—431,158
+390,963
-465,813
+425,460
+661,767
+80.386
+743,769
+757,576
Ot.
—7'84
+7*13
— 8'20
+7-25
+11-1
—1-04
+15'5
+138
+4-1
45,775,664
43,612,714
+2,162,950
Note.—The aggregate figures are official. They indicate that slight
adjustments have been made in the monthly returns as issued.
JEngiUfc Financial Markets— Per Cable.
The daily closing quotations for securities, etc, at London
tre reported by cable as follows for the week ending Sept. 27,
London.
Sat.
d.
p.ots.
.
d.
27
27
&
Tut$.
Wed.
2tis 16
26i- 16
26 k
9£->i6
92 9
9^i 6
16
9*16
100k
107
00 8 k
70 k
8k
79k
100 k
107k
97k
96%
11438
Canadian Pacific
48
Chesapeake <fe Ohio
Chlca. Great Western.. 24%
111k
168k
168%
50k
97k
44k
Uhlo. Mil.
Oen.
Do
Erie,
&
& Rio
St. Paul...
Gr., com....
do Preferred.
common
Illinois
Central
Louisville A' Nashville..
Mexican Central...
Preferred
Y. Cent'l A Hudson.,
«. Y. Ontario A West'n
Norfolk <fe Western.
ST.
Do
do
pref.
.
<Phila.&Read.,2dpref.
southern Pacific
onth'n Railway, com.
Preferred
Jnlon Paolflo
Preferred
U. 8. Steel Corp., com..
do
pref..
Wabash
27k
26k
"trice per snare,
preferred.
Deb.
"B"
29i«
48
24%
73 k
93 k
93*
162k
36k
57k
92k
100
75
22
39k
2734
60
355s
91%
102k
91k
45k
97
22%
41k
65
573s
163%
165
46k
94%
42%
71k
106k
24
14
29 k
56%
160
35k
56k
92
99k
74k
21k
27 k
60 k
35%
91%
103%
91k
44%
96%
22%
41k
65
97
43
72 k
58k
149
107
24k
14 k
29k
57
162
13k
28k
55
21k
73k
20k
38k
H2
99
74 k
27k
58k
27k
58%
35k
65
147
105 k
24
35%
56k
39
91k
100k
90k
45%
94%
22k
40k
42
70 k
56
159k
34k
54k
39
34*8
22 k
92
100%
90k
44k
95%
23s*
41k
65
92
98
26
57k
33 si
8-k
99 k
88%
43
94 k
22
3^8
63 k
16
7k
49
47 k
:1
77k
98k
49
96
92k
39k
93
165%
24
00
75
21 78
7k
76%
24k
166k
8
46k
58
58
162
36 k
6Sk
93
lOliO
69k
104
96k
113k
149
30
58
93k
Fri.
2615 16
933 l8
lt2k
95%
112k
45k
105%
69
25k
14%
30k
26 k
;
96
112
150k
25
TKurt.
933 16
93 k
101 uo 0l-17k
104%
59
108 k
1
93^6
0077k
69 k
70k
7k
7k
77
78
98%
99k
150k
107k
14%
Mexican National..
Mo. Kan. A Tex., com.
Northern Pacific, pref
Pennsylvania
50
97
44^
73k
1st preferred ....
2d preferred
Do
Do
275 16
Mon.
93k
78k
Santa Fe.
Preferred
Baltimore & Ohio
Preferred
Do
27k
26i5 13
70k
Anaoonda Mining.,
Itch. Top.
Phila. A Read
•Phlla. A Read. , let pref.
for bullion are reported as follows:
t.
25s.
330,000
690.000
have been as follows:
23,583,682
23,219,849
25,316,821
22,645,147
24,715,930
24,895.335
24,550,557
24,984,623
silver, per ounce
Uonsols.,new.2%
For account
11*
;
fine
oz. 77 11
U. S. gold ooin...oz. 76 5%
Germ'n gold ooln.oz. 76 5k
French gold ooln.oz. 76 5k
Japanese yen
oz. 76 5
LattweeK.
2,320,000
285,000
855,000
£
January
February
m
:
Bar gold,
1,723,802
8d.
Eight mos.. 187,387,738
—33
193,911,944
—6,524,206
The re-exports of foreign and colonial produce since Jan. 1
show the following contrast:
1901.
1900.
Difference.
July
:
8.
2,055,827
28s.
24,753,531
21,037,455
25,021.293
21,987,033
23.556,712
22,444,424
24,385,771
24,205,569
Spanish 4s
Sept.
12.
2,178,039
Eight mos.. 346,318,351
337,967,068
+8,351,233
The exports since Jan. 1 have been as follows:
1901.
1900.
Difference.
Gold— The demand for Austria comiuues, and with the exception of
£25,000 in sovereigns received by the Bai k frrm Australia, all sappiles have been taken for that quarter, for tbe week— Arrivals
Aus
tralia, £135,000; River Plate, £29,800; Cape, £100,000; total,
£264,800. Shipments: Bombay. £11,000; Madras, £22,500. For
month of August— Arrivals Holland, £7,000; Belgium, £80.000;
France, £72,000; Portugal. £8,000; Spain, £8,000; Egypt, £80.000;
China. £19,000; U. 8. A., £2.000; South America, £47.000
Brazil,
£36,000 South Af lica, £388,000 India, £ ,088,000 Australia and
Zealand,
total,
£2,169,000.
£334,0<0;
(Shipments: Sweden,
New
£16.000; Germany, £117.030; total. £138,000.
Silver— Though the market has been quiet at 26 15 ied. for spot silver,
holders were reluctant to press sales, and so prevented any further
decline in price. To-day the pi ice has advanced to 27d and the market closes steady at this price. For the week— Arrivals: Australia,
£1,200; U. 8. A., £169.500; total, £170,700. Shipments: Port Said,
£1,000; Bombay, £255,000; Tuticorin. £1,000; Calcutta. £7,500
Hong Kong, £52.600; total, £317,000. For month of August— Anivals: Holland, £8,000; Belgium, £10,000: 8pain, £4,000; West
U. 8. A., £522,000; South America, £41,01 0; AusAfrica, £7.000
tralia and New Zealand, £19.000 total, £601.000. Sliiprn-nts India,
£482,000; Russia, £3.000 France, £33.000; Egypt, £ 1,000 China,
£150,000; South Africa, £14,000; total. £686,000.
Mexican Dollars— Demand for the East contiuues, quotation remaining unchanged at 26kd. Arrivals: U. 8. A., £2,700. Shipments:
Penane. £9,600; Singapore, £9,600; Hong Kong, £12,000; total,
Gold.
314,350
275,752
British imports since Jan. 1
1901.
1900.
Imports.
£
£
January
45,987,516
44.555,914
February
39,714,439
37,644,808
March
40,426,056
45,002,184
April
46,392,892
42,681,876
May
42,426,759
43,876,427
June
4l.711.03S
42,016,307
July
43,028,822
40.264,167
August
40,937,140
42,097,059
5Tkh rentes (In Paris) fx.
London Standard.
349,500
463,827
The
tember 12
The quotations
1898-99.
1,138,700
208,000
296,339
649,575
TMitotek.
June
Joint Dit'tH't.
Stock
'-14
~2H~ 3
m®2h 2&@3
3
;
1899-00.
1,212.500
2,263,075
wheat, week. 26b. 5d.
Vheat
i.8j.
Abell write as follows under date of Sep
;
1900-01.
1,673,700
The following shows the quantities
naize afloat to the United Kingdom:
:09?4
121,223,00(1
1898-99.
1,138,700
Parley
May
Interest allowed
for deposits bv
2 rail t Bids.
2 16-16
Auk.
24,021.628
84,660 803
1899-00.
1,212.500
Eight mos..
Bill*.
Mont as.
29.58tf,4u5
as follows:
Open Market Bates.
London.
1898
Sept. 14
1899.
Sept. 13
29.6BH.820
11.479,788
40.C02.878
16.68i.457
2«.047,7«3
27,237,374
39,129.194
Prop, reserve to liabilities.. d.o.
Bank rate
peroent.
Consols. 2H per cent
Silver
1900.
Sept. 12.
1900-01.
1,673.700
1901-08.
1,374.800
luip'teof wheat, owt.
i
allotted at
[Vol. LXXIII.
96k
112k
46k
23k
47%
95%
42k
71k
56k
148
106
24k
14k
28k
55k
<2k
34%
55k
92
98
73%
21
38%
26k
58 k
34k
88k
100
89%
44k
96
22%
40k
63k
September
THE CHRONICLE.
28, 1901.
ommtvcinl an & l^tgccltanegtis ffigwa
National Banks.— The following Information regarding
national banks is from the Treasury Department.
NATIONAL BANKS ORGANIZED.
Certificate Issued September G to September JO.
5,957- The First National Bank of Carroll, Nebraska. Capital,
5,9585,959-
5,960-
5,961-
G±5
The following table shows the exports and imports
New York for the week ending 3<-pt.
and einoe Jan. 1, 1901, and for the corresponding period*
1900 and 1899.
XPOBTS AKD IMPOSTS OP IPB0IB AT 1KW TOBK.
ipeole at the port of
Import i.
JCxport*.
Gold.
$25,-
OOO. M. 8 Merrill, President; Geo. 0. Merrill, Catdiler. Conversion of The Carroll State Bank.
The Marietta National Bank, Marietta, Indian Territory. CapiJerry C. Washington, President; Frank n.
tol, $'25,0C0.
Sherwood. Cashier.
The c First National Hank of Carlii-lo, Kentucky. Capital,
*2. ),ooo. h. K. Reynolds, President; T. 11. PloKrelLOashler.
The First Naiioual Bank "t Bllllnjts, Oklahoma Teriltory.
t'apitai, $25,000. B\ N. Winslow, President; D. C. Frazler,
Vice-President; C. ii. Wiushorouyh. Cashier.
The First National Bank of Puwhu-Ua, Oklahoma Tenitory.
Kdwin F. Sparrow, President; George w.
Oapital. $25,000
Blmoook, Ca
5,962- The, First National Bank of Knsley, Alabama. Capital
OOt'.
J W. Miner, President; Pej ton A. Eubank, Cashier.
Convention of the Steel City Bauk, of Knsley.
5,963- -The First Naiioual Bank of Waverly, Tennessee. Ca] Ital,
$25,000. J. F. shannon, President John K. I'ullen, Oashler.
5,964- -The First National BMnk of Peppereli, Massachusetts (pi ^totlice Fast Peppereli). Capital, $50,000. Henry F. Tarbeil,
President Frank W. Fuller. Cashier.
5,965- -The Fanners' National Baik of I'uuxsutawnev, Pennsylvania.
Capital, $50,000. Samuel States, President; James H. Maize,
Cashier.
5,966- The First National Bank of Jennings, L-uisiana. Capital,
$50,000. E. F. Kowson, President; George A. Courtney,
•Vest
4.760
2,100
Indies
South Amerloa
411 other countries
Total 1901
Since J an.
Week.
1
$1.764,85l|
18.209,788
7,384,567
6b7,582
44,768
30,515
1,114,000
9
$
$6,860 029,216,071
22,295 47.210.013
5.000 25,876,409
1.
$871
204,208
90.867
12.796
19.208
8,988
1.014,885
350,071
644,118
7J.689
$125,856
17,976
193,898
$2,291,842
1,685,978
9,873,369
Imports.
Export*.
Silver.
Since Jan.
Week.
Week.
\
$758,745 $34,544,336
Since Jan.l.
9
$25,283
4,720
223
223,031
1,979,226
394,846
35,706
697,49ft
2,220
ill
448
244,676
21,250
1,016
^est Indies
other countries.
42,099
2,491
Total 1901
Total 1900
Oashler.
$758,745 $35,513,484
37,165,079
$42,547
94,685
79,190
1,116.331
5,967- The> Eufaula National Bank, Eufaula. Indian Territory.
Capi$i5,0U0. J. Buidett, President; C W. MeCall, Cashier.
Bank
of
Monongahela
City,
Pennsylvania.
5.968- -The First National
Joseph Lytle, President; F. F. Pierce,
Capital, $50,000.
Cashier.
5,969- The First National Bank ef Chokio, Minnesota. Capital, $25,Cashier.
000. C. 11. Cad well. President;
5,970- The Fiist National Bank of Andalusia. Alabama. Capital,
$50.<>ii0.
C. B. O'Neal. Cashier.
C. A. O'Neal, President
5,971- The Fii st National Bank of Center, Texas. Caj ital, $30,000.
H N. Runnels, President; J W. Saunders, Cashier
5,972- •The State National Bank of Quauah, Texas. Capital, $50,000.
A. H. Wood, President;
, Cashier.
5,973- The First National Bai k of Mo ett, Missouri. Capital, $50,000. P J. Lehnhard, Presid< nt; Cail W. Lehnhard, Cashier.
Conversion of tbe Commercial Bank, of Monett.
5,974— The Broadway National Bank of Scottdale, Pennsylvania.
Cashier.
Capital, $50,000. E. H. Reid, President
Since Jan.
Week.
;
;
of
21
In
34,064.6591
1-65,210
$2,663,635
3,539,040
2,832,983
tal.
,
New York
Banks.—Statement of
Sept. 21, based on average of
omit two ciphers (00) in all cases.
City Clearing House
sondition for the
week ending
We
iaily results.
;
;
,
OOBFOBATB EXISTENCE OF NATIONAL BANK EXTENDED.
2,565—The Ctmmerolal National Bank of Appleton, Wisconsin,
until
September 7, 19-1.
2,562 -The Merchants' & Farmers' National Bank of Greensburg,
Pennsylvania, until close of business September 10. 192
2,566— The First National Bank ol Butte, Montana, until close of
hui-iuess September 12, 1921.
2,570— Tbe First National Bank of Grand Forks, North Dakota, until
close ol business September 12. 1921.
2,577—The Citizens' National Bank of Mansfield, Ohio, until close of
business September 13. 1921
2,567—The First National Bauk of Crookston, Minnesota, until close
of business September 16, 1921.
2,576— First National Bank of Owensboro, Kentucky, until c'.ose of
business September 17, 1921.
2,575— The Citizens' National Bank of Xenla, Ohio, until close of
business September iO, 1921.
olose of business
1
LIQUIDATION.
1,000—The National Bank of the Republic of New York, New York,
has gone Into voluntary liquidation by resolution of its stockholders dated September 3, 1901, to take effect Immediately.
1,002-The Fifth National Bank of Providence, Bhode Island, has
gone Into voluntary liquidation by resolution of Its stockholders dated September 5, 1901, to take effect immediately.
2,144—The People's National Bank of Martlnsriur?, West Virginia,
has gone into voluntary liquidation by resolution of its stockholders dated July 15, to take effect September 2, 1901.
BANKS
9
9
9
of N. Y...- 2,000,0 2,084,0 18,879,0
Manhattan Co... 2,050,0 2,093,0 22,846,1
Merchants'
2,000,0
2,000,0
1,600,0
1,000,0
10,000,0
300,0
600,0
Merchants' Ex..
1,000,0
iallatln
300,0
Butch. A Drov's'
400,0
Wech.A Traders'
tfeohanlos'..
imerioa.. .......
?henlx
200,0
600,0
Leather M'Prs..
9tateof N. Y....
Approved September
National Bank.
enburg, Nebraska.
Imports and Exports for the
Gothenburg
Bank, Goth-
Week.— The
following are
the imports at New York for the week ending for dry goods
Sept. 19 and for the week ending for general merchandise
Sept. 20; also totals since,
beginning
first
week January.
FOBEION IMPORTS
For week.
1901.
Dry Goods
1900.
1899.
1898.
$2,193,323
9,048,481
$2,266,757
6,961,316
$2,079,522
7,953,995
$1,698,401
5,005,643
$11,247,804
$9,228,073
$10,033,617
{6,704.044
$77,589,820
327,992,875
$88,328,922
304,096,156
$76,147,702
297,068 596
$69,605,242
243,209,743
Total 38 weeks $405,582,695 $392,425,078 $373,216,298
312,814,985
Gen'l mer'dlse
Total
Since Jan.
Gen'l mer'dlse
The following is a statement of the exports (exclusive ol
peoie) from the port of New York to foreign ports for the
week ending Sept. 23, and from January 1 to date.
BXPOBT8 FROM NEW TOBK FOB THE WEEK.
For the week.
Prev. reported
1901.
1900.
$7,798,314
363,834,951
$9,619,730
386,018,361
1899.
1898.
$6,955,258
$8,113,871
327,179,586 332,715.034
Total 38 weeks $371,633,265 $395,638,091 $335,293,457 $339,670,292
Note.— As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also compiled by the Custom House, we shall from
time to time adjust the totals by adding to or deducting from the
amount "previously reported."
6,942,6
244,0
1,998,8
72,4
133,0
184,1
600,6
554,1
422,7
460,0
200,0
612,4
990,6
360,8
1,000,0
3,000,0
600,0
600,0
600,0
900,0
1,000,0
1,400,0
300,0
1,600,0
2,000,0
1,023,1
5,434,9
449,2
871,0
289,8
986,7
Pacific
Jhatham
,
People's
North Amerloa..
Hanover
....
.....
Irving
Olttsens'
Nassau
Market* Fulton
Shoe & Leather.
Corn Exchange..
Lmp't'rs'A Trad.
Park
260,0
8,000,0
1.000,0
300,0
Fourth
Central
219,2
1,849,7
408,9
8,046,8
3,853,6
153,1
2,477,6
628,6
978,8
760,0
Ninth.
77.3
UOOOOOi 110968
N.Y.Nat'lExch.
Ubase
Avenge. ..
German Exoh...
Pifth
Jarneld
300,0
260,0
200,0
760,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
200,0
Bank of Metrop.
300,0
West Side
200,0
600,0
2,100,0
1st Nat., B'klyn.
300,0
600,0
N. Y. Prod. Ex.. 1,000,0
New Amsterdam
260,0
360,0
Hide A Leather.
600,0
Fifth
$
1,712,0
2,083,8
1,737,0
1,055,0
2,521,0
285.0
t
124,6
743,7
597,4
404,8
2,513,4
1,407,9
584,8
888,7
994,4
1,158,2
367,8
1,110,7
436,6
944,8
2,287,6
616,7
729,9
443,4
668,3
417,9
356,3
24.072,8
4.761,4
8.910,0
1,130,5
2,460,0
947,0
4,192,6
3,948.8
28,545.0
71,390.7
6,177.9
14,031,9
3726
2,707.2
947,7
6,133,3
154.6
2,188,2
11,689,3 1,875.3
47,780,9 7,791,'.!
684,2
4,374,0
768,9
3.277,7
710,7
2,862,2
886,8
6,002,3
747,7
3,687,3
21,683,0 4,301.0
2,0il,4
163,0
23,712,0 3,819,0
50,511,7 11,621,6
191,9
1,220,3
22,835.4 3.301,4
10,600,0 1,964,0
9,329,0 1,634,0
341.2
2.278,7
72,696,2 19,660,4
613,8
3,626,3
340,0
3,171,0
702,1
4,079,7
561.4
8,409.9
41,458,1 11,649,9
9,14 8,3 2,287,9
217,4
2,358.3
410,0
3.068.3
13,126,2 2,029,4
6,852,1 1,628,2
473,3
2,142.6
6.939.3 1,254,2
379,0
2,817,0
12,479.0 1,400,0
36,8752 9,526,6
499,0
4,652,0
6,699,2 1,284,4
946,6
4,502.0
7,632,6 1,828,0
788.3
4.277,6
498,9
2,811,6
P.O.
5,fcl9,7
2,497,8
632,6
933,8
62,7
228.0
170.9
151,6
357,8
1,775.0
6,638,4
822,0
1,534,5
364,5
835,4
472,3
1,268,4
5,985,0
481,7
205,6
385.U
679,7
230.0
2,100.0
288,1
1,171,0
2.795,7
175,4
3,072,1
1,485.0
968,0
208,0
2.256.4
384,1
293,0
351.1
280.8
1,975.7
372,6
743,7
630,9
1.8899
305,2
174,0
471,2
415,0
2,340.0
2.587,5
681.0
625.0
357.4
566,1
268.7
89,6
18.622.0 246
28,071,4 299
16,069,8 288
14,846,0 281
21,819,5 250
4,519.0 32-0
129,988 .5 27-8
23,912,8 28-4
6.160,7 255
6,892,8 25-3
1,303,5 30-3
2,558.0 178
873,0 329
4,031,6 28 1
4,096,7 26-0
22.639.0 275
82,157,8 24-9
5,356,8 234
16,074,5 257
3,364,2 21 9
6,335.2 28-6
2,698.8 232
12,069,6 26-0
62,649.2 282
4,668,0 24-6
3,688.6 28-4
3,552,8 29-4
6,0142,6 26-0
4,071.3 240
25.641,0 24-9
1.841,5 21'2
21.365.0 23-2
60 118,1 23-8
1,365,8 26-8
24,161,2 26-8
13.325,0 25-5
10,124.0 24-7
2,411,9 227
73.139,7 29-8
3,898,9 25-8
3,265,0 19-3
4.528,0 232
3.353.2 245
60,743.9 26-8
10,387,9 25-4
3,149,0 30-5
4,636.8 202
16,387,2 24-1
8,898,1 26-5
2,307,6 28-0
7,581,5 227
3.051.0 260
14,840,4 251
44,549,5 271
4,648,0 232
6,«4l,& 289
4.636.6 28 1
8,849,9 247
4,271,3 24 '6
2.140.9 274
36-4
81,722,7 96,211,6 866,949,2 1754018 70,842,9 930,361,9
Total
1
Dry Goods
1
3,233,0
6,768,7
1,589,1
1,297,7
ierman Amer!..
3.
1,106,8 12,950,7
2,274,
18,639,0
3,097,01 19,021,4
4,376,0
243,8!
6,170,7 114,076,2
1,200,0
Amerioan Exoh. 6,000,0
10,000,0
Oommeroe
1,000,0
Mercantile
1,000,0
N. Y. County....
of Gothenburg, Nebraska, into The
Capital, $25,000. Blanks sent to State
$
2,840,0
6,334,9
2,901,7
3,127,0
2,953,3
1,215,0
30,437.5
4,308,6
788,2
810,8
343,7
216.0
117,1
915,4
711,7
4,472,0
8,976,6
935,5
2,315 5
1
Re-
Deposit* eeree
Legale.
Specie
Bank
APPLICATIONS TO CONVEBT STATE BANK.
The State Bank
Loam.
Capital. Surplus.
As on July
19, 1901.
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 inolude results for the non-
New York
eve
furnish a
member
Banks.
City,
summary of
banks.
Capital A
Surplue.
Loam.
Specie.
N. Y.»
9
$
9
Aug. 81.. 177.784.4 896,186,6 1787914
Sept. 7.. 177,784
885,145.8 1701361
"
14.. 177.784,4 872,268,1 1879567
"
21.. 177.934.2 865,949,21754018
Bos.*
Sept.
7..
'•
14..
"
21.
67,632,9 193,002.013.732,01
67,832,9 193.289.014,787,0
57,632,9 192,009,0 16,281,0
Legal*.
Deposit*.*
9
9
•
t
88,715,3 172.588,0
88,716,3 174,451,0
38,715,3 174.721,0
$
77,159,0 968.121.9 30.097.4 1125833$
73.703,81947,692,1 30.668 4 997.339.7
72,013.1 931.433.0 30.796 1 18768467
70,842,9930,361,9 31,098,3 12265806
!
7,108.0 207.988.0
7,326.0 208.271,0
7,346,0 215.297,0
fhlla.'
Sept. 7..
"
14..
"
21..
CireTn. Clearing.
68,908.0
66,364,0
64 534
208,073.0
205.159.0
205.501
TTe omit two ciphers in all theee figure*.
Including for Boston and Philadelphia the Item
8.067,0 102.728.3
124.017.8
6.071
6,059.0 184,179,0
9,830.0
9.846.0
9.875.0
85.488,9
92,127,9
88953.6
...._ ..
__ .
dne to other banks.
THE CHRONICLE.
616
Ueports of Non Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Sept. 21, based on averages of the daily result.
We omit two ciphers f 00} in all caxen
BANKS.
Sur- Loanti
plus Invat-
*
(OOi omitted.)
Dtvntit .with
Net
Other DevoHU
Agent, like Ac
Iaq. T.
k
Ilk.
Nnt'a.
•iv'^'
tiuntf.
[Vol. LXXIII.
Deposits of Bonds
Ebld by National Banks.— The
following interesting statement furnished by the Comptroller of the Currency ahows the amount of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on Auyn-t '.'A. For
statement of July 81, li'O!, ste Chronicle Augunt 8, 1901,
page %l%; for that of August 31, 1900, see number of September 29, 1900, page 680.
NlW~VOUK CITY
V. 8.
Borough of
Manhattan,
100,0
300.0
Oolumbia
Eleventh Ward... 100,0
Street.
100,0
Fourteenth
200,0
Ctensevoort
200,0
Hamilton
250,0
Mount Morris....
200,0
Mutual
200.
.nineteenth Ward
100,0
Plana
100,0
BAreralde
100,0
BUte
200,0
Twelfth Ward
Twenty-third W'd. 100,0
200,0
Union square
100,0
Torkvllle
100,0
Washington
200,0
Fidelity....
100,0
Varlok
200,0
JeCerson
100,0
Century
300,0
27 at. Commercial
Soro'h of Brooklyn.
100,0
Bedford
100,0
Broadway
300,0
Brooklyn
100,0
Xiihth Ward
100,0
Tilth Avenue
150,0
Xlngs County
Manutact'rs' Nat'l 262,0
Mechanics
600,0
Mech's'
Traders 100,0
100,0
Merchants'
Nassau National.. 300,0
300,0
National City
100,0
North Side
100,0
Peoples
Seventeenth Ward 100,0
Sprague National. 200,0
Twenty-sixth W'd. 100,0
Union
100,0
Wallabout
100,0
Oolonlal
i
I
.
A
,
Borough of
Richmond.
Bank of Staten Isl
l8tNat.,Staten Isi
26,0
100,0
Other Cities.
let Nat., Jer. City.
J.C.
3d Nat., Jer. City..
SdNat., Jer. City..
let Nat., Hoboken.
2d Nat., Hoboken.
400,0
260,0
260,0
200,0
110,0
126,0
Hud. Co. Nat..
t
1077.6
2571,0
115(,9
1243,6
1266.0
1489,4
138.8
20U.3
138,0
72,9
21,7
loo,:',
%
84,9
117,0
64,8
63,1
16
114,9
128,6
28,9
23,7
119,6
2122 H
67,1
161.1
1403.8
1463,8
2575,0
9,2
1011,9
8725.0 252.0
42,0
1423,6
41,6
1045.7
2462,6
38,4
15J8.6
66.1
9.1
695,6
10,9
436,7
1
867,8
1,9
4,7
610,8
190,3
6.7
700.7
84,0
136.8
213,8
126,1
273,6
32,2
74,9
363,6
209.1
26,4
84,5
53,6
61,9
63,9
18,0
1216,6
13,1
1587,6
1084,4
49,6
37,4
353,8
13.3
693,0
70,6
32/
740,8
32,5
64,4
428,2 2683.2 325,0
356,1 3718.7 165.6
962.0
17,8
186,9
678,6
6,9
20.7
615,0 3568,0 173.0
564,3 28f>0,0 117,0
896.5
10,4
142,0
938,4
132,7
34 3
546.2
8,0
72,8
,!37,b 1201,6
91,2
622.6
10,4
66,8
650,7
26.3
64,4
781,6
55,5
37,5
117,8
179,9
163,8
lV
•
*
t
238.8
179,0
206.2
168.3
100,0
43.7
77.6
68,5
113.2
104.5
106,7
168.3
99.0
62,3
128.0
154.2
100.6
181,1
127.3
42,9
23.0
42.3
65,0
22,8
3,0
25,0
23V5
3 6
6,0
62,2
183.8
150,6
131.1
iue,7
260,5
195,2
29H.8
135
80.4
133.6
27,5
26,8
29,8
26.3
152.1
180,8
70,2
52.2
284,0
190,0
58,7
48,1
40,2
9,5
25,1
63,7
30,8
1350.1
1432 5
185 J 1
17ol
2898,8
l.i63 8
1848.9
^701
1025 5
8907,0
18,13 8
..
64.8
164,0
127.0
52,7
182,6
116,6
63,9
35.9
94.2
104,1
36.6
62,5
9,1
Description of Bonds.
1880
2653
66,0
104,0
1220 2
2700 4
10,0
6,6
1458,5
0,4
0,2
39,3
100,5
110,1
257,9
144,9
48.0
67,0
'
10,1
23,8
8,1
65.V
63,9
887,5
318.4
73,2
102,0
609.0
10,6
55,9
681
1306,3
178P.4
1046.4
370.4
645,6
744,2
3166 6
4112,3
932.8
742 1
45.0
46,0
61.9
74,3
38,3
50,0
304
2-1,2
38,1
60,8
196,0
84,1
60,1
69,0
8.6
66,0
34.2
3876,0
2992,0
813,4
980,6
610,1
1091.7
549,9
726,9
801,3
6 p. ota., 1894, dne 1904
4 per ots., landed 1907..
1 p. ots., 1895, due 1925
632.4
742,2
17,0
37,1
911,2 5083,6 242,6
67,6
595.6 2211,9
317,2 1232,2
61,4
916,3
241,6
46,9
473,5 2112.3
93,2
925,7
110,8
23,9
24,5
22,0
219.2
58,2
11.1
66,7
20 6
28,9
19,0
82,0
144,9
962,4
130,9
353,5
488,9
111,6
67,6
•1A7.2
88,2
60,2
8,6
4,9
639,9
762.6
5783,1
1783,6
986,7
1259.0
1742 1
760,2
Aug. 31, 1901,
Bank
$268,900
6,057,000
2,991,600
3,924.780
62,500
316,975,150
7,132,100
12,202,950
6,030,300
.
[
79,810,200
865,000
$106,480,550
Total.
to
Secure
Total aela
Circulation.
$410,00'-
3 p. ots.,'98, due 1908-18i
B per ots., funded 1891 *
2 p. ots., 1900 due 1930.
365s Dist. Col., 1924...
$708,900
13,189,100
15,194.550
9,955,080
62,500
396,785,350
865,000
$330,279,930 $436,760,480
Redeemable at option of the United States.
The foregoing does not include the bonds held in the New
¥ork Sub-Treasury against deposits in banks. There were so
held on Aug. 31 §10,081,000 bonds, making the whole
amount at that date in possession of the Government as se*
curity for deposits $116,501,550.
Changesin Legal Tenders and National Bank Notes to
—
Sept. 1. The Comptroller of the Currency has furnished
us the following, showing the amounts of national bank notes
August 1, together with the amounts outstanding September
1, and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank notes
ap to Sept. 1. For statement of Aug. 1, 1901, see Chronicle
Aug. 3, 1901, .page 222; for that of Sept. 1, 1900, see Sept.
page 630.
National Bank Soles —
29. 1900,
A noant outstanding
A
60.9
89,2
UtltX
m Banks.
1
342,2
861.8
627.6
88,5
371.8
Bonds
I'ublic Deptis,
A
Aug. 1, 1901.
nountissued during August
nount retired daring August
Amount outstanding
Sept. 1,
$356,152,903
$3,282,650
2,016,398
1901*
Legal Tender Notes—
Amount ondeposit to redeem national bans
notes Aug. 1, 1901
Amount deposited during August
A au. reissued and bank notesretired in Aug.
Totals Sept. 21.. 8262,0 XP59.7 71136,4 2956,8 3959,9 8172.5 1802,8 75195,7
Totals Sept. 14.. 8262,0 8959.7 70H8B.5 3037,1 4024.2 8337,6 1899.2 76440.1
Totals Sept. 7..|->262.0 8959,7 70244,6|2997,7 3979,3 8054,9 2395,9 74869,0
1,266.252
$357,419,155
$29,113,530
$1,129,790
1,230,516
100,726
Amount on deposit to redeem national
banknotes
Sept.
$29,012,804
1,1901
•Circulation of National Gold Banks, not included in above, *79,155
Stock of Money in Country.— The following table
shows the general stock of money in the country as well as
the holdings by the Treasury, and the amount in circulation
on the dates given. The statement for Aug. 1 will be found
in the Chronicle of Aug. 17, page 31.
r-Stock of
Money
Sept. l.->
-Money in Circulation.-^
1901.
In the United
+ lie Id in
Trrasury.
St ties.
I
Sept. 1,
1901.
m
?
Golil coin
Sept. 1,
moo.
1
(lnc.hurnlnTreas.)l,U7,836,115 258,465,7-6
•Gold certincntea
Standard silver dollars
524.181,632 22,009,951
630,01) ,710
259.S4i.64ll
620,flH5,«56
21l',888,36»
63,021,039
•Silver certificates
Subsidiary silver
438, 50,st<!
«'\-^5,<»8
41 ), -76, 72?
77.So2.d49
Treasury notes of 1890
United States notes
»Cnrr'cy cert Act .1 une
National bank notes
,
....
91,308.386
346,681,018
10.520,167
132,688
12.705,392
357,41^,153
9,045,8*10
44,* t.8,000
bO.-SH^d8
44,3 10,117
333.976.H2 4
8, '72
347.7
#
According to the above the amount of legal tenders on
deposit Sept. 1 with the Treasurer of the United States to
redeem national bank notes was $29,012,804. The portion of
chis deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks reredacing or retiring their circulation, was as follows on the
first of each of the last five months.
«9,Si-0,H5l
S17,96o.U71
2,5«0,000
814,627,623
Deposits by—
May
1.
June
$
i.nsolv'ntbli8.
Iquid'g bks.
July
1.
$
Aug.
1.
9.
846,891
797,186
7,049,410 7,313,192
778,844
7,630,764
Sept. 1.
1.
$
755,462
7,589,483
$
922,682
7,475,506
Sed'o'gund.*
act of 1874. 20,812,533 19,928,995 21,441,895 20,768,585 20,614,616
Total....
28,708.834 !8,044,373 29,851,503 29.113,530 29,012,804
Total.
2,511,869,533 314.0C9.7J9 2.197,789.824 2,O»«,683,048
Population of the United States Sept. 1, 1901, estimated at 77.9S5.000; circulation per capita, J28 Is.
• For redemption of outstanding certificates an exact equivalent In amount
of the appropriate kinds of money is held in tlie Treasury, and is not included
in the account of money held as assets of the Government.
t This statement of money held in the Treasury as assets of the Government does not include deposits of public money in national bank depositaries to the credit, of tne Treasurer of the United States, and amounting to
196,373.033 57.
Coinage by United States Mints,— The following statement, kindly furnished us by the Director of the Mint, shows
the coinage at the mints of the United States duiing
August and the eight months of 1901, For statement of
July, 1901, see Chronicle of August 13, 1901, page 222;
that of August, 1900, see September 29, 1900, page 630.
August, 1901.
Pieces.
Eiej/it
Value.
9
154,000
187.000
366,000
Eagles
Half eagles
3,080,000
1.870,000
1,830,000
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.
&
Shares.
1,609 Manaos Ry. Co.... $1,601 lot
5 Lawyers' Surety Co
118 Phenix Ins. Co., Bklyn.205i8
9 Home Insurance Co
20 E. W. Bliss Co , com .... 140
Pieces.
I
SawMtifl
Taiut
9
1,132,491 22,649,820
3,529.039 3^,290,390
3.072.9S1 15,364,805
94
300
Bonds.
$10,000 Boston United Gas
$1,200 Securities Co. 4 p.
Co. 2d 5s
50^1 registered consols
Months 1901
267
Spencer
27
&
29 PINE
o.
90
aujft Iftttaujctal.
Trask &
BANKERS,
STREET,
....
Co.,
NEW"
VOBK
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
668
'
Total gold
Half dollars
Quarter dollars
Total sliver
707,000
6,780,000,
1,932,000
1,932,000
480,000
277,000
960,000
1,108 000
4,520,0-0
8,520,000
Five-cent nickel
7,734,758 73,305,683
15,538,450 15,538,450
3,726,450 1,863,225
8,389,114 2,097,278
452,000! 17,649,780 1,764,978
3,141,000
45,303,794 21,263,931
One-cent bronze
3,174,000
6,061,000
158,700 13,829,013
60,610 40,002,143
691,451
400,021
Total minor
9,235,000
219,310 53,831,156
1,091,472
Total ooin»ge>
*Aot of June 20, 1874, and July 12. 1882.
..
18,462,000
10,140,310 106,8 69,708 95,661,086
INVESTMENT SECURITIES-
Members N. Y Stock Exchange.
Branch
Albany
Alexander M. White
Geobgb Barclat Moffat.
Moffat
Office, 67 State St..
&
Jb.
White,
BANKERS,
...
Members New York Stock Exchange,
No.
1
NASSAU STREET,
NEW YORK.
INVESTMENT SECURITIES.
September
THF CHRONICLE.
28, 1901.1
To daj
DIVIDENDS.
tables, 4
is2
1
Name
of
/'.
Company.
When
r
<ram
Books ringfd
(Days Inclusive.)
Cent I'ayablr
t
ct
1»»
Gkorgla mi. a Banking (qaar.)
Northern uu.. New Hampshire
Norwicli
W.
<fc
,
rao.,
>.t
Allcntown, Pa. (qu.)
Louisville (Ky.) Hy., com. (quar.)
do
do pref
Toronto (Canada) Hy. dinar.)
o.t
4
IB Ocl
2
21
Oct
Oct
l\ Oct
R
1', 0<
1
1
'j
8*s
1
i
Sep
1
1
B
B
t
Oct
Oct
1H; Oct
I
1
Oo<
1
Oct
Hi
Oct
Oct
to
to
Sep 16
1
do
4
(extra)
5
4
First National, Baooklyn (quar.)
Gallatin National
do
do
(extra)
Gartield National (qaar.)
Riverside (quar. )
Oct
Oct
Oct
s.p
Sep
Sep
Sep
Sep
16
to
lo
to
to
to
21
27
28
26
Sep
0(
t
^'\. cotton
o.
i
t
1
Not oloaed
1
10 0(
B
Sep 22
1
s.p 22
]
1 Holders
to
to
to
t
Ocl 10
Oct
Oct
1
l
of ic,
s.
p 21
Sep 2S
to
Sep 28
to
1 Sep 25
to
Holders of rec.
1
Sep
26
to
B
to
B Sep 26
to
80 Sep 26
1 Sep 27
to
1
((|uar.)
People's. Brooklyn (monthly)
Union (quar.)
Ben
Oct
l>a
Sep
Oct
Oct
Oct
Oct
80 Sep 26
1 Sep
1
6
to
Oct
9
Oct
2
Oct
lHi Oct
l>a Oct
1 34 Oct
lHi Oct
Sep 11
Sep 27
Sep 27
15 Oct 2
to
to
to
to
to
to
Oct
Oct
Oct
1
8
2
American Ice, pref. (qaar.)
American Locomotive, pref. (qaar.)
Amer. Pneumatic Service, pref. (qu.)..
American Tobacco, com. (quar.)
do
pref. (quar.)
American Woolen, pref. (quar.)
do
2
Nov
Nov
1 34
Oct
1*4 Oct
Anaconda Copper
Bliss (E. W.), com. (quar.)
do
do
pref. (quar.)
2>2
Central <fe S. Amer. Telegraph (quar.)..
Cincinnati Gas & Elec. (quar.)
Dominion Iron & Steel, pref
General Aristo, com. (quar )
do
do
do (extra)
do
do
pref. (quar.)
Hall Signal, com. (quar )
Kodak Co., com. (quar )
do
do do (extra)
do
do pref. (quar.)
l'a Oct
2
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
for
oi
paj
aooeptao
leading bank.
Hixty Days
Not
l
Oct
.1
Sep 80
Sep B0
1
1
1
21 Oct
19 scp
Oct
Oct
16 Oct
26 Oct
Sep
1
1 Sep
8 Oct
1
1
Sep
Sep
Sep
Sep
Sep
8
29
16
16
Nov
Nov
to
1
to
to
to
to
to
to
15
to
25
to
to
to
to
of rec
to
to
to
;i
!)
25
25
1
1
o.t 18
Oct 20
Oct 20
1
1
Oct
Oct
Sep
Sep
25
HO
Oct
X
15
80
1
B8
.',
l
<j\«
4<»i,
bankers
e
*j \\s\
a
>i,j.
1
—
United States KondB. Sales of Government bonds at the
Hoard include $5,500 8s, coup., at J08%; $5(hi 3s, reg., at
The following are the
l08Vg, ami $8,000 2s, coup at lOO'.f.
daily closing quotations; for yiarh/ range see third page
,
following.
to
Sep 80
to
Sep SO
closed.
l
10 Oct
Less
a
5 20",* »5 20^
39' ',, ," 39 '«
The following were the rates of domestio exohange on
Mew York at the under-mentioned oitiea to-day: Savannah,
buying 1-16 discount, selling 75c. premium; Charleston,
10 premium; New Orleans, bank, $1 00
buying par, selling
premium; commercial, $1 50 discount; Chicago. 80o. difioount;
St. Louis, par; San Francisco, 10c. per $100 premium.
:{(!
Sep :iu
Sep 80
Oct 4
1
1
MUrilhiinoilH.
American Caramel, pre!, (quar.)
American Chicle, com. (quar.)
do
do
pref. (quar.)
Sep
1
3
2
15
4
|
i
for
September 27
1
Ocl
Ocl
Trust Companies.
Atlantic (quar.)
Contrail. uar.)
Guaranty
1
Paxil tiHiikeiM' (Francs)
Amsterdam (Kullilers) biinkera
Frankfort or Bremen (relohm'ka)
Oct
Oct
Oct
6
prime com mi
86;
Prime bankers' alerUug lillla on London
489*1
Prime oomnierolal
[loounieiitury Commercial
482 Ia
B( p
ItuiikM.
20
i
'
b2Jf|(§
1
1
to
80
lilt
1
l<a Oct
1'4 il.
2^
Chatham National (quar.)
Fifth Avenue (quar.)
do
i.i
nk-
Nol
1
2
.
iio
Hptc. guar, (qnar.)
do
do
Utleacfc Black Hiver. Kiiar
istrrel Itiiilwnya.
Capital Trao., Waabintton, D. c. (qn.).
City By., Dayton, i) com. .v- of. (qu.).
Cleveland [0.1 Oltj Bj (quar.)
Cleveland (O.) Electric Hy. (quar.)
Falrliaven .V Westvllle, N. llaveu(qu.)
Hartford St. By. (quar.)
I
i
2\ Oct
(qn.)..
*ter. prt-f. (quar.)..
Cine.., rec guar, (quar.)
.
Pitts. Ft.
s:,-
Posted ratea
(Strum).
W.^t. in dinar.)
(t.nli ,,n.l«
Del. Lack
ao( uaJ ratea >•
erling,
rcial
documentary oom
payment, 4 82?4@ 8.
for
';
!
'a
647
registered
2a, 1930
coupon
2s, 1930
2s, 1930 .sma-l.reglstered
coupon
small
1930
2s,
registered
3s, 1918..
coupon
3s, 1918
3s, 1918, 6mall.registered
coupon
3s, 1918, small
registered
4s, 1907
coupon
4s, 1907
registered
4s, 1925
coupon
1925
4s,
registered
5s, 1904
com on
5s, 1904..
•This Is the price bid at
„
Interest
Sept.
Sept.
Sept.
S'jit.
Periods
21
23
25
20
Q—Jan
Q—Jan
108 H* •108»a
*109
109
Q— Feb 108
Q— Feb i*108
Q— Feb
Q— Feb -108
Q—Jan *112
Q—Jan -113
Q— Feb *139
Q— Feb '139
Q— Feb «108
Q— Feb * 108
*
109
•109
•109
•108
*108
*108i4 *io8y!*io8'.»
*ib*8*
•ids" •108
•112
•113
•139
•139
•108
•108
the morning board; no
3?
•V0BH *10SWi
*
•108', •108>» *108^ *108>*
•112
•112
•113
•113
•139 V) »139«9
ios^
*108
*112
-113
•108
•112
•113
•
•139>n
"139"a'*139»9: *139»,
•139^
•108
•108
•los
*108
•108 1*108
sate was maae.
•108
•108
—
Sep 22
State and Railroad Bonds. No sales of State bonds have
been reported at the Board this week.
15
1
SO
The market for railway bonds has been relatively firm on
15
1 34
1
30
1
1 Holders
28 a volume of business averaging about $'.2,250,000 par value
2*2
Sep 15
30 per day.
A few bonds declined in sympathy with the stock
21-2
l Sep 15
30 market, but such losses were offset, whoby or in
part, by
Sep 15
lv, Oct
30
Mexican Telegraph (quar.)
Peoria & Eastern income 4s were
to
15 advances in other issues.
2^ Oct 16 Oct 9
Pennsylvania Salt
Oct
IB
of the latter class, selling to-day up to 793^, an advance of
Rhode Isld. Perk. Horseshoe, pf. (qu.).
Oct 16 Holders of rec Oct 1
Consolidated Tobacco 4s made
Safety Car Heat. & Light (quar.)
Sep 22
Oct
to
Sep 30 4 points within the week.
do
do
do
do (extra)
Sep 22
Oct
to
their first appearance on Thursday and sold off nearly a
Streets West. stable Tar r.ine,coin.(qu.)
Oct 16 Oct 2
to
Trenton Potteries, pref. (quar.)
Oct 10 Holders of rec Sep 30 point from the opening price.
Trow Directory Print. & Bookbinding
Oct
15 Oct
6
to
Stock and Bond Sales.— The daily and weekly record o f
WALL STREET. FRIDAY. SBPT. «T, 1901.-5 P. IU. stock and bond sales at the various stock Exchanges, forThe Money Market and Finaneial Situation.— The sym- merly given on this page, has been transferred to a place by
pathetic effect upon the security marke s of an event itself. It will be found to-day on page 654.
affecting adversely one important issue has been again
Railroad and Miscellaneous Stocks.— The siock market
demonstrated this week. The event in this case was the has been moderately active and generally weak under the
action of the board of directors of Amalgamated Copper in
influence of heavy liquidation of the copper stocks. This
not declaring an extra dividend on the shares of that commovement began on Monday and continued until Thursday,
pany, as has usually been done. Asa result these shares
when
in most cases the lowest quotations of the week were
declined nearly twenty points and almost the entire list of
recorded. These showed Amalgamated Copper 19 points
railway and other stocks dealt in on the Exchange declined
below last week's closing price, Anaconda Mining l(
from two to eight or nine points. As is usual in such cases, points and other industrial stocks down from 4 to 6 points.
reports and rumors were vigorously circulated by roomChiefly in sympathy with the above, a long list of railway
traders in an effort to accelerate the movement.
shares declined from 2 to 5 points. Missouri Pacific was
The limit of these influences seems to have been reached exceptional in decline of over 9 points. St. Paul showed
a
on Thursday, however, and a decided change in tone has
a loss of 6 points. Rock Island and Union Pacific 5 points,
taken place. The reports of rate-cutting have not been
Pennsylvania and Lackawanna 4 point?.
verified, the foreign exchange market is easier, the demand
On Thursday there were evidences that the movement had
for bills on account of subscription to the British loan havrun its course, and a reaction set in which continued up to
ing been satisfied, and no stringency in the money market
the close to-day.
has developed.
Iowa Central and the junior Vanderbilt shares resisted
The open market rates for call loans on the Stock Exchange
the general downward tendency, the former preferred hayduring the week on stock and bond collaterals have ranged
ing steadily advanced day by day and the latter leading in
from 2% to A% per cent. To-day's rates on call were ) to 4
the upward movement which began on Thursday.
percent. Prime commercial paper quoted at i 3£(a~)% percent.
The Bank of England weekly statement on Thursday
Outside Market.— Business in the outside market has
showed an increase in bullion of £131,049 and the percent- been dull this week and prices generally have shown a deage of reserve to liabilities was 54-06, against bli"20 last clining tendency, influenced by the course of values on the
week; the discount rate remains unchanged at -i per cent. Stock Exchange and the fall in Amalgamated Copper. ToThe Bank of France shows a decrease of 14,650,000 francs day trading improved somewhat, though prices were irreguin gold and 625.000 francs in silver.
lar; while the copper shares were slightly firmer, tbe market
closed on a lower level than last week. The transfer of
NEW YORK CITT CLEARING-HOUSE BANKS.
Consolidated Tobacco -Is to the Stock Exchange had conDifferences
1901
1899
1900
siderable to do with the lack of business. The greatest defrom
Sept. 21
Sept. 23
Sept. 22
previous week
cline in price took place in Standard Oil stock. It sold to-day
at 720 compared with 765 on Monday. American Can stocks
$
$
$
$
for common
Capital
each
fell off about 2 points, going to 23%
81.722,700
58,922,700
74,222,700
1
3*2
2>a
2Va
1
1
1
15
1
1
Sep
Sep
Sep
Sep
Sep
s.p
Sep
Oct
.so
1
1
f
90,109,900
823,141,000
29,662.400
897,471.500
173,798.800
67,121.100
78 905 700
721.925,400
14.911.600
798.590.100
Speole
Legal tenders
96,211.500
865,949,200
31,098,300
930,361,900
175,401,800
70,842,900
Deo
302,200
1,071.100
7.416,100
1,170,200
Reserve held
Legal reserve
246,244,700 Ino
232,590,476 Deo
6,276,900
267,775
240,920.200
224,367,875
202,611,300
199.617 600
13,654,225 Ino
6,543,676
16,552.325
2.963,700
Loans <fe discounts
Circulation
Deo 6.316,900
Ino
Deo
Ino
15
1.
75 1.200
47,857,100
Surplus reserve
of separate
banks appear on pane 645.
Foreign Exchange.— The market for foreign exchange
was firm and rates advanced during the early part of the
week on a good demand and limited supply of both commercial and bankers' bills. Market easier since Thursday.
1
>'
;
number
:I
l
Notk.— Returns
A
a w eek ago.
73'4 for preferred, against 25> and 75
of other securities declined at about the same rate.
Among the copper stocks, Union Copper dropped to 4' 4 (today), against 5 last Friday. Tennessee fell off to 13 4' on
ek;
,. aThursday, but recovered to-day to
Aberdeen closes at 29, against 31; Apache at 51 \, against
56i '; Greene Consolidated at 85, against 89, and British Co4
lumbia, which it was reported on Wednesday would issue
50,000 new shares, par $5, one-half underwritten at $15 per
ip Hook & Eye at 38ft@
share, fell to 10, against 13
40 and Diamond State Steel at 3@3^ for common and 7 for
preferred were the new stocks on the curb this week. Outside securities will be found on page 654.
and
I
New
York Stock Exchange— Stock Record, Daily, Weekly and Yearly
OCCUPYING TWO PAUE.H
HIOJTE8T AND L0WS81 8 A Li. PRJi
\CKB
STOCKS
NEW YORK
-
Monday
Saturday
.Si-},
,sr/)(.
I
214
22 4
56
-52
97 4
104
"i
97
96
4
«98
00
•92
'.j
1
126
1
l
I
944
694
92%
LOHi
•126
»180
89
77 % 77 Hi
ISO
24
*»0
"s
86%
48%
424 43%
*76
1681* 104
* 1
4
143 Hi 143 Hi
146
•176 200
•1.15
38% 24%
444
974 97 4
'J
.i
liy
120
*30
•07 "UK
14 Hi 14%
•64% 564
•25% 26%
•104
*224
107
227
48% 48%
94% 9 1 >s
01'
09
37
12
437
12
BO
lii)
•90
IS?
1.,
7
96
95%
9
Hi
95 h
1
49
42 Hi
IS
41
Ha
103 34
188% 1 88 Hi
101
22%
102
162
45 Hi
37 4
78
4
78
I
37
774
23',
86% 864
188
397
1
1-
it!
41884
96
125
754
22%
23
159
187 H-. 187 Hi
192 198
ls7
187
190 4194
-192
145
200
43>4
41Ha
42%
22i«
41
41%
07 4
Hi
.Ollij
7Hi
35
93 4
2 1%
14-4
161
196
142-a Chic.
157S4
•7
8
•30
35
76
40
*914 93 Hi
2S% 24%
13% 144
85%
90
87
212
*209
35 8
55%
5o'j
89 % 89
97 '4
-64
•90
•09
145
37
•7;;
8
34Hi
157 Hi
50
120
89Hi
212
86%
54 34 55%
90
88
67
69 Hi -04
•90
98
98
•69
74
74
140
144% 146
40
37
38
*70
75
77
•75
85
S5
42 Hi 43
70 34 77
64
Ha
971,
a
*8o
155
49
50%
120 -115
•210
338
pref
Rock
lel'd
&
Chic. St. P. Minn.
Do pref
Pacific
<fe Ora.
3,951
'•
184
1844 183 Ha 185 Hi 183 41844 1854187%
•7
8
35
66H1 68
•128 133
•251% 280
*72
76
30
*38Hi 42
*91Hi 93%
23% 23?f
13% 14
.117
-20
i
&
1
'.i
*10,s
:
pref
'
180 34 188%
54Hi
41 4 42"a
70
77
53% 54
155
49
113
54
96%
66
103
120
212
34%
53% 54%
34
88
27% 28%
90
96% 96%
64
69
•90
•07
98
72
108
118
26
73
89
91
•210
212
Hi
•113
89
120
•209
212
02
70
98
'.in
74
43
75
85
43
40% 42
75% 70 4
52
52%
l
434
45
91
69
96
74
143 4
45 4
40% 42
40% 41
75
75
76
51% 52%
75
Deo
sep
16
1
.
-Jan
KS
Apr
Apr
90
I
52
1
01
24
J'ne
31
Oct
II
42% Dec
42 Dec
784 Dee
144
Dec
Mar
Aug
125
18
»v
81
In C
Jan 109
9 '-.Jan
88
el,
'.I
Jan
5
Dee
J'ne
944
Ailt'
82
45
30
14
Jan
45% Jan
Dec
Apr
Dee
148% D< e
May 3 169 4 Jan 1874 Dec
May 1 ISOHjJ'ii' 172% !" c
- May 220
Dec
207 Mar 1 248 April
116% Jan 4 175% J'ne 5 102 J'ne 122 4 Dec
Not
125 Mar 2 145 April illO Oct 126
180 Mar29 201 April 172 Feb 175 Mar
10% Jan 19 31 Aprl6
8 4 Oct 14% Dec
33 Jan 21 57%Aprl5 26 4 Oct 39% Apr
73 May 9 99% Sep 23 55 J'ne 76 Dec
115% Jan 12 121 Apr20 103 4 J'ne 118 Dec
2 % Jan 7 37
Mar
14 4 J an 30 Nov
67 Aug 7 774 Feb 8 46 Jan 72 Apr
Sep
8% Dec
5
6% Jan 21 18 Apr29
40 Jan 31 58 4 Aug30 36 Sep 47% Mar
104 Jan 4 28% Apr 29 14 Sep 20% Mar
105 May 9 1854Apr 3 106% Sep 1344 Dec
188% Jan 3 244 May28 171 4 Sep 194% Dec
29 4 Jan 21 534 May
16% Jan 344 Dec
80 Jan 21 1034J'nel4 644J'ne 87 Dec
DO Sep 12 71 J'ne27
04
in.
<
69
18
J'ly29
69
J'ly29
Jan 30 45 J'ne 5
5 Jan 9 124J'ne 5
13% Jan 8 23% Sep 13
24 4
May 9 4 5 4-T'ne 4
59% Jan 21 73%J'ne29
39% Jan 4 61 Mar21
41 Jan 31 68 Apr 12
Kanawha*
Michigan.,
ansas City So. vot. tr..
Do
pref. vot. tr. ctfs.
Do
pref
Keokuk * Des Moines
1,400
81
Jan 4 95
Jan 18 30
12
4
12
21
J'ne
J'ne
Dec
64 Mar
204 Nov
J'ly
10% Sep
30% sep
27 4 Dec
03 4 Dec
21
Jan 8 41
134 Jan
25
10 Jan
7 Sep
27 % Sep
25 Dec
174 Apr
43% Apr
April
J'nel5
Apr 30
Jan
49 Apr 30
14 Sep 27
5% Jan
40 Sep 27
24 Jan
39% Jan 21 74 Sep 27
108 4 Jan 21 1354 Sep 27
35
Dec
Deo
Dec
Lake Erie & Western...
Dec
Do pref
L. Shore * Mich. South'n
$230 April 250 J'lyl8 4197 Jan 4240 Dec
89
May
Long Island
67 Jan 3 824J'ne22 474J«n
lll%J'nel7 68% Sep 89% Deo
Louisville & Nashville... 33,587 76 May
250,500 83 May 9 131%Apr22 84 J'ne 116% Dec
Vfanhattan Elevated
20,040 150 May
177 J'ne24 143% Sep 182 Feb
xTietropolitan Street.
300 27 Jan 9 40 Sep 27 244 Jan 374 Apr
Met, West Side El. (Chic.)
93 Sep 18 76 Feb 84 4 Nov
9
Jan
15
Do pref
%
234 234 Mexican Central
5,415 12% Jan 21 30 May
10% Jan 17% Deo
5 Mar
13% 13' Mexican Nat'l tr. receipts 10,930 3% Jan 24 15 Apr 16
2% Sep
• 105
107% Mar 4 107% Mar 4 4104 Jan 115 JT-ne
Michigan Central
2,000 67% Jan 19 lll%J'lyl9 45 4 J'ne 71 4 Dec
10741084 Minneapolis & St. Louis
11641164
400 101% Jan
117% Sep 20 87 4 J'ne 104% Nov
Do pref
254 2" Minn. S. P. & S. S. Marie. 3,050 15 May 9 284Aug27 14 Sep 2 7 Apr
72
2,100 49 Apr 9 78 J'ne25 47 Nov 69 Apr
16%
Do pref
9 Sep 17 4 Dec
3,410 15 Jan 21 35% Apr 20
28
28% Mo. Kansas & Texas...
4,615 37 May 9 68%Aprl9 26% Sep 47 4 Dec
53% 54%
Do pref
140,950 69 Jan 4 1244J'nel4 38% Jan 724 Dec
96% 974 Missouri Pacific
Mav 9 85 Aug2
35 J'ne 49 Dec
rs
Mob.*0.,J.P.M*C6.rects
5191 4 Jan 8 197% Apr 9 41834 Jan 5 189 4 May
.Morris* Essex
157% 160% NY. Central * Hudson. 61,050 139% Jan 21 170 May 2 125% J'ne 145% Dec
554 57 4
Y. Chic. & St. Louis.. 36,450 16 May 9 574 Sep 27 11 J'ne 244 Dec
•115 120
97 Mar 1 120 Sep 18 75 J'ne 110 Dec
Do lstpref
li,'750 47
Mar 1 94% Sep 27 29 J'ne 58% Dec
92
94%
Do 2d pref
420 Apr 1 420 Apr 1 400 May 420 J'ly
New York * Harlem
Feb 21 4130 Jan 4135 Mai
4i:t4 4 Jan 15 139
N. Y'. Lack. & Western...
23 J206% Feb 2" 217 J'ne24 5207% Sep 4215% Jan
5211 211 N. Y. N. Haven & Hartf
33% 34 * .v. Y. Ontario & Western. 28,760 24 May 9 404 Mav 1 18% J'ne 32% Dec
37,100 42 Jan 10 57% May 2 22% Jan 45% Dec
53% 64H Norfolk * Western
100 82 Feb 15 904J'nel3 67 Jan 83 Dec
88
89%
Do adjustment, pref.
77% Jan 21 ||700 May 9 45% Sep 86% Dec
Northern Pacific Ey
67 Sep 914Dec
700 84% Jan 21 113% May
Do pref
100 52 Feb 1 73 J'nel9 46 May 62 Nov
00 4 664 Pacific Coast Co
•90
89 Feb 25 9S Apr 26 82 % Sep 904 Dec
98
Do 1st pref
03 Jan 8 75 J'nel3 57 May 69% Oct
•68
73
Do 2d pref
56,248 137 Mav 9 1014Apr22 124% Sep 149% Dec
143%1454 Pennsylvania
5 J'ne 18 Dec
12,470 144 Jan 22 50 Sep 27
46
50 Peoria* Eastern
33% Jan 9 /o J'nel8 20 Jan 35 Dec
i'ere .Marquette
Jan 73% Dec
55%
72
Jan
2
J'nel7
86
Do pref
57 Jan 30 80 J'ne 7 49% Sep 804 Jan
Pittab. Cin. Chic. * St. L.
88 Jan 4 105 May 7 78 J'ne 94 Jan
Do pref
•.
41
4
Reading, vot'g tr. ctfs.. 32,400 2 4 4. an 4 48 4 J'ne 3 15 Sep 26 Dec
11,050 65 May 9 80% J'nel7 49 Jan 71% Dec
75 4 754
1st pref. vot. tr. ctfs.
514 52 4 2d pref. vot'g tr. ctfs... 13,300 38 Jan 3 59% May 1 23% Sep 39 4 Dec
Feb
85 Mar23 43% Jan 80 Dec
65
Rio Grande Western
93 Feb 16 108 J'nel9 80 Jan 954 Dec
Do pref
6,600
330
14,870
1,230
6
3 % May
144 Oct 23
52
Mar
204
83% Feb 115
,
:!
J
1
'•
504 61%
.
BANKS AND TRUST COMPANIES—BROKERS' QUOTATIONS
Hanks
Banks
HEW YORK
CITY
America 11
AmiT
..
Bid
Bid Ask
500 530
Ask
152 4
600 660
City
300
Colonial H
Columbia 1] .. 310
Commerce... 300 375"
Commercial 100
Corn EschH. 400
East River.. 135
11th Wardlj. 150
225
FidelitylJ
Fifth A veil.. 3250
325
Fifth
First (new).. 700
Citizens'
. .
Banks
14th Street^
Fourth
Gallatin
Bid
165
220
400
GansevoortH 140
Garfield
500
German Amf 133
Ask
245
430
Bid
Banks
Leather Mfr.
Lincoln
Manhattantf.
200
240
500
900
290
250
260
125
250
140
180
650
150
Ask
Banks
MutnalU
Nassaull
New Amster
New Y'orkCo
NY Nat Ex.
New York...
Bid
Phenix
Plazall
Prod Exchli
Kiversidel]
Seaboard
.
.
||
>
1
1
Ask
Bid
Banks
Ask
175
195
1400
1500
200
310 340
150
70
210
175
185
..
110
100
500
150
210
450
700
260 280
270
Market*Ful
600
19th Wardli.
German ExV 325
Mechanics'
300
...
Shoe* Leth. 108
Ninth
Germauial] .. 500
M ecu* Trail
Broadway .. 300
500
StateTl
North Amer.
Greenwich If 175
Butclis*Dr 110 130
280
M ercantlie
State of NY1 240
OrientalU...
Hamiltonli
Central
..
160
150
Exch.
Meroa
175 200
12th WardlJ. 110
Hanover
Chase ..
Pacificl]
195
(76
700
Merchants'..
700
Park
...... 23d Wardl].. 110
Hide & L'ath 150
Bhathani
310 340
Metropolis 1]
>'
Union SqU... 300
hemical... 4000
People
275
Imfp & Trad. 550
575
Mt Morrisll..
•Bid and asked prices; no sales were made on this day.
and rights.
dividend
banks.
Ex
State
a
4 Less than 100 shares.
rights.
1]
Ex
t
f Sale at Stock Exchange or at auction this week.
s Trust Co. certificates.
Stock "cornered" sales to* "cash" ware made as high as 1000.
EBxch.
Astor
Boweryli
c
Dec
I
1
I
..
el.
125
47%
29 May
27 May 9 50 4 Apr 30
72 4- la 11 4 82% AprSO
138% Jan 4 199% Apr
91
Jan 2
lpr29
120 4.1 an 3 186 Apr 18
jo Jan 3 26 4 Apr 29
90 J'ly27 94% Marl
75 MaylO 90 4 J'ne24
42 -Jan 3 56 Marl4
23 .Jan 21 44 4 Sep 12
58% .Jan 21 77% Sep 16
134 May 9 188 May 6
'.1
72 % -Jan
E
107 J'ne28
52 % May 3
C
D(
.
M ay
117 4
4
4
H
1)1
,
33% 34% 33 4 34
53% 54% 52% 54
89%
88
89 4 *87
95 4 95 Ha
964 97
•60
•90
•68
J/<'/hett
'4
27% 27%
62% 54
954 97%
143% 144% 142%144% 142
39
-66
•75
23%
13% 13%
155 41574
157% 165% 158
51% 514 634 51% 55
87% 90
•210
105
107
116
25
*72
23
•105
•106
107
'110
117
25% •26
73
|
Sep 43% Dec
1 5
384 Oct 54% Mar
74 Oct 944 Apr
Ft. Worth&Den. C., sirup.
Apr 20 12% Mar 20 Dec
17
7,130 1074May 9 208 MarlS 144% J'ne 191 4 Dec
Great Northern, pref
05 Jan 2 07% Feb 14 534 Mai 00 Dec
Green B. &W-, deb. etf. A
8% Dec
Do
7 4 Jan 28 ll%Apr22
deb. ctf. B
5% Sep
2,630 40 4 Mav 9 57 May 6 304 Jan 42 % Dec
Hocking Valley
900 69% Jan 21 80 May 2 68 Jan 74% Dec
Do pref
3,700 124 May 9 154%J'ne29 110 J'ik 132% Dec
Illinois Central
14,790 21 Jan 21 43%J'ne21 11 4 Jan 27% Dec
o wa Central
13,070 48 Jan 21 874J'ly 1 39 Sep 58 Mar
Do pref
•7
8
8% 9% 10 14
*30
•30
35
38
40
35
07%
70
714 74
68 Ha 69%
132 135%
130 131
128 132
251% 280 *251%280 '2514280
•72
•70
•74
76
76
70
102 103% 1034104
102% 104
12241254 122 123 3i 122% 124%
1644107H; gl62%163% 164 164%
•38
•38% 40
40
40
40
+
93
93 4
93
914 93% -90
234 23%
13% 134
ZAneett
500
4 p. c. pref. "Ji
ndianap.
Douisv. ]6,520
2,787
Do pref
Chicago Milw. & St. Paul. 147,920
1,120 175 Mav 9 200
Do pref
Chicago* North Western
2, 1 00 168% Jan 21 216
Chic.
145
200
22% 23
'-2
Jan
.
10,550
4,450
1,100
Ohio
,
i
157
49
•115
88
'.'
600 146%
-,
105
105
109 « 107 Hi 109
107%107H
118 •lie 119 •115 118
20
27
26
25
26
7.".
74
75
74
73
72
29 4 29 %
29
29 %
28
28 U
50 % 50'-2
65
57
54
554
3
'4
104 104% 101 4 1044 100% 102%
1 01
2,
.
•38
Hi
14
1
&
Do
48
Do
141
135
175
Jliqhest
May
.s7
1
1
'-2
"73
76
*!U
6,9oo
Pacific
'aaada Southern
ntral of .New Jersey...
'
104% 105 4 104% 106% 1034104
120 123% 121% 124% 121% 125%
105 4 108 Hi 105 168
164% 100%
•37
cif.s.
fChloago Burl. & Quincy.
Chicago & East'n Illinoia
1884189
140
145
200
Bomgi tor Pret mut
Year (lHOOt
.1
22
Chicago Tenn'l Transfer. 16,200
23%
41
42
414 42%
14,200
42
Do pref
901-2
98
97%
98%
98
Cleve.
97 8 98
Cin. Chic. & St. L. 16,700
98%
8
•1 19
119 120 -119 120
120
Do pref
"30
•80
•30
•30
•30
Cleve. Lorain & Wheel'g.
•00
•07
*664 73
73
76% *66% 73
Do pref
•O6H1 73
l
144 14% *14
144
144
14%
6,300
14
18%
Colorado & So., vot. trust
14Hi
13%
4
•53
64 'a 54 s
64
04 "a 54% •53
56
500
Do lstpf. vot. tr. cfs.
J5% 20
25
25
25
25
25
Do 2d pf. vot. tr. ctfs. 1,900
26% 25% 25
104 101
102
102 4 1634105 4 Delaware <fc Hudson
3,200
164 164
102 Hi 102%
220 227
>226 228
222 223
222 224 •220 226
3,000
elaw. Lack. & West'n.
45 Hi •45
48% 49
46% Denver* Bio Grande
1,550
46 Ha 47 Hs
47% 47 4 45
9434
94
94*4
92% 92%
93
92% 92%
Do pref
4,602
92Hs 98%
09
69
69
69
69
Denver* Southwestern.
465"" 65
69
69
69
69
15
Do pref
37
•36
437
39
394 42% 40% 43% Des Moines & Ft. Dodge. 19,885
41%
37
3
11
11
11
11
11% 12% Duluth So. Shore & Atl..
11%
3,870
114 11% *11
•19
194 19 H,
19
19
194 19% 21
19
19%
4,145
Do pref
424 43\ 414 4214 40% 42 4 40 Hi 414 414 42 Erie...
185,725
69
70 % 71%
68
69% 70
25,999
69 Hi 704
69 4 70%
Do 1st pref
57
55
66
67% 56
55
0,800
50 L.
50 Hi
54% 55
Do 2d pref
'57
58 Hi 00
59
59
61
58
59
2,500
Evansv. & Terre Haute..
58H2 58 Hi
*90
*92% 94
•90
•90
95
95
96
Do pref
22 4
07% 67 4
07
08
131 Hi 131 Hi *129 133
*261% 280 *251% 280
•74
'
apeake
41% 42 "4
75
75 4
'-2
Hi
v
Do
456% 55 14 54
54
53
53% 52% 53 Hi 52% 53% 53% 54%
•75% 70
76
74
74% •74
75
75Hi
74% 76
"74 Ha 75 Ha
140% 144=4 145 Hi 144 Hi 144% 143 Ha 144% 143 1434 1444145
39% 39 Hi 40
42 Hi
40% 41
40 Ha 42%
40% 42%
40 H2 42 Hi
•72
73
74
791
77
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September
Stock ReOOrd— Concluded— Page 2
28, 1901.]
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pref
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International Silver
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Internat'l steam
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19
(St.
pref
pref
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new
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eop. ias-L.cfe C. (Chic.)
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.
pref
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pref
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pref
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& Iron
I
Do
pref
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United states Leather
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United Slates Steel
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in
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v J-'n
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4 Apr
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.
lot
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09'-, Oct
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2,320 30 4 May 9 47 V Jan 29 25% J'ne
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1,800 30 Mar 7 62 Jan 2
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300
4 Aug
IV Apr 22 6VMav31
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100
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3,500 25 Sep 21 38% May 2
70 4 Aug 9 90 .Mav 2
prel
standard Kope A Twine..
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Texas Pacific Land Trust
T nion Bag & Paper
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r
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66 Sep 20 77%Mar22
5 4 Jan 24 30 4 J'ly 9
31 Jan 24 66 J'ly 9
70
34
pref
National Lead
North American
.l'ii«
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244 Mar
86 Apr 10
1
Manhattan Beach
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35 Apr 22
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89 v Deo
'
pref
381;
84
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140
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11
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79 V 7934
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Mario
"lilVl 73
Do prel
Apr 17
Vim ncan sugar Kenning 52,310 L21V8e»26
1174-L* 3
Do pref
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200 1604 Sep 25
loan Teleph&Teleg
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pref
92i
2,029
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i
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110
pref
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45% Amrr.
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7
i
4
113
8,001
American Locomotive...
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27
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13
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125
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93
93
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101
102 *101 102
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8
18
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2
44
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41
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76
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98
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96
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96
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284
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64
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pref
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::
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1
276,245
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20
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144 144 "154
11
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pref. vot. tr. ctis.
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1
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208 216
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96
96
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123 132 "123 132 •128 132
J Do
pref
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17
18
18
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21842104 Consolidated Gas (N. Y.).
217 2194 2164218
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110 U6V
1154117
115 110
117 117
Do pref
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140 140 4 Diamond Match
142 142
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73
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7%
•26
27 a4 28
27
27
28
Do pref
27V 27V
'28
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30
30
33
34
35
I Elec. of Bergen Co.
'255 203
250 4 257
260 260
reneral Klectric
55 4 55
55
55
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55
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103 mo
»103 105
104 104
Do pref
23
24
24
23
23
23
24
4 23V International Paper
4
784 78
78 V *
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95
95
94 4 International Power
944 944 94
95
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212
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12
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64
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1
25
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158,065
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67
04
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214
1
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16
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30 4 30V American Cotton Oil
•80
90
Do pref
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Unerioao Express
28 V
Loan Ice
90
198
{90
190
27
67
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pref
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45
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97
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46
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80
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24i8
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25
24
25
25
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80
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85
87
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31 4 324
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%
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24
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89
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89
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5,70(1
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13
10
96V
V 22V
38V
8
60
»80
195
*10
1
51
89 V
«42V 45
'180
90
2
98 V
88
1
'
win city Kauai Transit.
1
inn
.
1
Avenue
St.
Do
16
100 4101
99V 101
Jan 21
Jan 29
7211
sum:
,t-
lnr.1
I
1
22
pri 1. \
\i1ironila<-k...
Ill VlltlllU' tl\
pill. \ut. li. ctls.
|'< \a.s
'
tr.otfa
'
hi
II
I
Do
ion 3
'.iT^i
1
.
prof
im
86V
414
"1 18
2 1
.1
l.iuiis
D11
v
!
IVU4
l
•in In
Ihr
2d put
I10
30%
•
1
-i
1
i.
1
'
1
ouis a Bail
1
III)
80 V
1
Law A
St.
'.
4i%
.".
-i
•07
1
UV Ct J. AG.
Do
prel v
4
1
1
-1
•
1
I
264 264
1194 L9V
4 4
46
82
68
Sale 1 01
i.w Viikk BTOOX
\
A \
i
86
tjepL
12 34 F2 34
•64
68
•94
27
120 120
44%
91% 91%
30
101 34
30
101
•79
120
21%
99V
'-j
27
20% 120% 119% 120
II) '4
46% 46
LJ o
KS
-nil
Thursday
./<
.
,s./)f.
19% 12 V
}66% 654
19
66
62
II
Sept
ILK PBh
5
(>1<)
Jan
J'n.
J'ne
41
:
74 4 Dec 104 34 Jau
Apr 30
101%Apr3o
65
Mar:in
J'ly 12 72
61
116 Apr 26 125 Aug30
J'ne 110
20 §130 Jan 11 {170 Sep 8 120
Jan 21 IQOVMay 6 7 74J'ne
19.5 111 81
'
j
Deo
Jan
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
Bonks
NEW YOEK
BROOKLYN
CITY
Vai-ickV
Ask
Bid
250
Washiugt'nl 145
"West SideH
000
Western
600
VorkvilleU .. 240
.
050
'
Bid
Ask
8th WardU ..
5th Avenuel! 100
First
295
Kings CoU... 130
85
110
Maniifacrrs'. 285
300
215
Mech & Trat 270
Merchants'.. 100
Nassau
350
Nat City
300
MechanicsTI
Bid
Bonks
BROOKLYN'
17th Ward,]. 125
200
Sprague
261 h WardH. 140
140
UnionH
Wallaboutli
.
105
Ask
213
160
Bid Ask
O'lR'tyBATr 525
Central Tr'st 1900
City Trust.
300
colonial
375
Continental
430
Kami Lo&Tr 1450
Kilth
1
1
AveTr 1000
uaranty Tr 650
1100
Trust Co's Bi,l Ask Trust t'o's
MortonTnist 1160
Hid Ask
BROOKLYN
1250
N Y 1.U..V
Brooklyn Tr 4 25
N Y8eo<fi Tr 960
Flatbuab
255
North Ami r.
Franklin
Heal Kst Tr"t 360
315
Hamilton
standardTr't
410
Tr Co of Am. 200 275
2 70
Union Trust
Manulacl'r.s.
V SMtgATr 450
2
220
Slales
1675
Unit
350
People's
Washington. 375
Wiliialusb'g. 206
»io"
1
1
Knick'rii'k'r 700
725
Trust Cos.
Manhattan .. 450
N. Y. CITY
Mercantile .. 950
225
Merchants'.. 325
North Sidel). 175
Bioad-wayU.. 250
Atlantic Tr.. 270 285
Metropolitan 500
Brooklyn^ .. 120
People'sl].... 105
205
Bowl'gtireen 185 196
* Bid and asked prices; no sales were made on this day.
pax-igiapU
t Ex rights.
1| Bauks marked with a
i Less than too shares.
1 Sale at Stock Exchange or at auction this week.
s Trust Co. certificates.
BROOKLYN
Bedford^] ....
1
.
Oil
1
are SU»te banks.
New lork
Exchange— Bond
Stock
o(
BONUS
W.
STOOB
Y.
Met
i.n' mi
\N'GK
J-
Government
U. s.
tered.dl930
UB 3« oonaol regis
coupon
TJ
B 2a consul
li^'-j
109
i
U(i:'
J a unary 1
J.axl .Sale
Jliyh
l.uui
L05bl06»4
.I'nc'nl
llii',
103
lUU>a 108°BSrp Ul
;
i
10.-
108"a
>.i
DIM',
mas,
:,
tiiiuiii
111.-.
lll'.l
112
1
12
I
i;.
L89"s
L39>a
i
108
108
1904
a 6k coupon
Aua/Ol
Kill
lOs BSale
l
I0S
;l
l
',
m
1
.
:
AuK'Ol
'|
1'J'l .I'l.v
I
iii'.v'i
108
111%
Ol
1
\i
i Sj
5
'1
i:;r,v
1
:
1
189
L37
H' - i.;'."isip'ni
May'01
108»« 110
I
10b
1
112^11
Auu'dl
137
'-
2
1
in-„
110
109
lt/J^Jiy'Ol
113
'-2
Foreign Government
TJ
S
of
Mexico
a t
g Os of 1899
96
-J
liese
a
96
Apr'01
re pi ices o
/.
II" b
0/
07',
$5
to
i.
State Securltlea
A
class
ins
106
108
Small
Class
Class
b 5a
G Is
107 '4.
102 Si.
109 .
125
1906
1906
1920
Currency funding 4k
1924
Cist of Columbia 3-65a
Louisiana new consul 4s.. 1914
Small
Missouri funding
1894 1095
North Carolina cunsol 4s. 19lo
Small
8o Carolina
4 Sis
10'J
'-2
1
-.
1
102
109
.Mar'til
lii'.i
Aug'O]
126
J'lj
100 Si.
'ill
\U'.''lil
1
26
1
00 Si
103 Si
109
28
109
1
L09Si leU'b'.'
105
'j
il/o'i!!!"'
1
.•!(. '-j
105
J'lv'Ol
i.35"i:H]S;
99^
Si
94
96
Si
'.IKSi
'-J
T^Aug'Ol
7
1
'.Mi'>4
10 y
*
4
Knilrond
W
alley .sccl'eiin Kit
Alley dt West, See Bull B & P
\
I in
cfc
See Cent of N J
/il990
4s... 1995
Beglatered
Adjustment g 4s
Beglatered
IJ-J
A-O
1995 a-o
...A 1990
Noi
ftl9
Stamped
Equip tr series
/ii;i'.
A g 5a.. .1902
96^ 97
105
9612
4
97
DM S> 105^212
Sale
103 A
07
97 Sale
07 Si
95 May'01
"9o" Sale 94 34
95
101
96
llll^lll.V.j
104
102
86 34
9
lb'i
99
95
90 34
1
90
J-J
Chic & St l_ouis 1st Os.. 1910 M-S
Atl Knox & .Nor 1st gOs. .11141) J-D
Atlanta & Danv .»« South By
Atlanta & Vadk See Suuth By
Austin <t JN
fiee Sou Pacific
Creek & S Nee Mich On
Eat
alt & Ohio prior 1 g 3 "aa. 1925 J-J
Begistered
/il920 Q-J
Gold 4s
ftl948|A-0
Kegistered
ft.1948 Q-J
115
^
100
May'01
108
108
108
W
I
Conv
.
1911 M-S
ileb 4s
BJuncfc M Div lstg 3*281925
Kegistered
pl925
South w Div 1st g3Si3...1920
Kegistered
A1920
Monon Kiv 1st gu g 5a.. 1919
Cen ulno K 1st og4Sis..l930
Beech Creek See N E C & 11
Belle v <k Car ,6'ee Illinois Cent
Boone Bridge /see Mo K & T
& Moutauk iee Long 1
& West <bee Sav El W
Bullalo N Y & Krie A'ee Erie
Buffalo B & P gen g 5s.. .1937
Bklyn
Brnns
M-N
Q-F
J -J
y-J
F-A
M-S
<fe
M-S
Debenture 6s
1947 J-J
West 1st g 4s gu..l998 A-O
All <6
CI <fc Mah 1st gu g 5s.. ..1943
Booh & Pitts 1st g Us. ..1921
Consul 1st g Os
1922
Bullalo & Southwest See Erie
Bullalo <fc Susqu 1st g us. .1913
Kegistered
1913
Bui Cedar It & N o 1st 58.1900
Cou 1st & col trust g 5s. .1934
Kegistered
1934
1st gu Se.1921
OK 1P&
& St li 1st gu g 7S....1927
190b
Canada South 1st 5s
2d 5s
1913
Kegistered
1913
Carb & Shawn See 111 Cent
Carolina Cent See sea b it Koan
Carthage & Ad See
Ced B la
See BC Rife N
Cen Branch
lstg 4s... 194b
NW
M
J-J
F-A
J-D
A-O
A-O
J-D
A-O
A-O
A-O
J-D
J-J
M-S
MS
NYC4H
E&N
UP
see Mo Pao
Central Ohio See Balti <fc Ohio
<Sj B of Ga col g 5s 1937
Cen
J-D
Cen Branch By
KK
Cent
of
Ga
KB
1st
M-N
g 5s..plU40 P-A
95
103
-
111
n
lei a
L949
f
121
L90J A-O
19061 F-A
Sinking nil d Os
Chicit Iowa Div us
Denver Div 4s
I
1922 F-A
1919 J-J
64
01S"
97 s4
(15
!':.'-
>-2
Oct
UCt
Oct
J-J
81
30
100 Si
Sale
1
Sale
Sale
15S, 17Si
Sale
107
Sep
02
'01
...
80
82
42
30
31 3 104|
Ki'oSep'Ol
.i
95
102
100
104 34
106
103 Si
130^
o;> S-
Dec '99
J'ne'99
...
l;;n
130*4
16
.1130
J'ly'01
...
Street Railway
Brooklyn Rap Tr g 5s
1945
Atl Av Bklyn imp g 5s. .1934
BfcCity 1st con 68.1916, 1941
Bky Co<t S con gug 5s. 1941
Bklyn Un El 1st g 4-58.1950
Kings Co El 1st g 4s. ...1949
Nassau Elec gu g 4s
1951
City & S Ry Bait 1st g 5s. 1922
Den Con Tr Co 1st g 5s. ..193:.
Den Tram Co con g0s.,191i
Met By Co 1st gu g 6s. .1911
Det cit st By 1 at eon g 5a. 1 90S
Gr Rapids By 1st g 5s...al91l
Louis Ry Co 1st con g 5s..l93(
Market St C By 1st g 6s. .191:-:
Met St By gen col tr g 53.1997
Bway&7thAvlstog58l94:
A-O 107*2110
107*2 Sep '01
J-J
J-J
110
M-N
F-A
K-A
113*2117
102
100«b Sale
90 Sale
Jan '99
113*2 Aug'Ol
101 May'01
100*2 101
90
91*4
J-J
J-D
A-C
95
J'ne'Ol)
J-J
J-J
J-J
J-J
1st os
BONDS—Continued
84*2 Sale
100
101
109
10134
Mar'98
.I-D
A-O
M-N
M-N
Ul
100 Si
98
88
in 101*2 10134
122
121
103
103
103
39
107*3
100
102S»
iiiii'o iii5 34
87Si 94
Si's
"83 "si'S 7*3
109^
100*4 102*2
102*3
101*8
114 110*8
104*2 107
101
1()1 34
105*»J'ly'01
111*4 111*4
109*2 Aug'Ol
Ul'j Sale
109*2 112 J
1003s, 100*8
::
100"- J'ne'01
no
no
118*2
112 '4
138
122*4 123
108°b112 34
.7
J-J
120*4.
J-J
J-J
J-J
121
124
I
Sep
'01
115
100
113
J-J
180
May'01
180
J-J
172'•sApr'Oi
Aus'01
Jan '01
J-J
J-J
J-J
182*2
lb2Si 182 *s
113
112*2 118*5 112 3 ,
110*4 110*4 Sep '01
Q-J
106*3 Peb'98
J -J
110
117
J
J-J
J-J
J-J
-
J
190
194
Ill»2ll5 38
10 114Sl
vo"i
110 119
48 116*2 122
11134 110 4
J-J
J-J
HOSl
191 o
:
1
ly'9.'
126*2
110*4 110 Si
120 34 A
110*2 May'01
188 Apr'01
118 J'ne'Ol
108 J'ly'01
110
110
i.20»4
185*4188
117-6 H9
108 110"a
11478 119Si
113 117*3
110*4 110*4
110*4 Sab
110*2 113 Aug'Ol
114
11
|
116 38
116 1193a
118 34
139 34 142*3
104*2 108
104 34 108
108*4 112
110 Si Aug'Ol
116 J'ly'01
'.1
1
115*3
118 34
140 Sale
104 34
118 34Sep'01
140 140
105*2 Sep '01
104 34 J'Jy'Ol
10(5*4 J'ly'01
107
110
103
110
111
.117
Mar'00
Apr'01
Nov'98
iby'sillOSi
J'ly'01
113*2 i"l6 34
Oct 'Oo
108*4110*9
108*2 Aug'Ol
1073b May'01
109
110*4 110
1073s 107
108
lOS^Apr'Ol
122 Si 125 Si 122
123
Aug'Ol
May'01
110
Jan
1113
121*2 1,20'4
'01
Ill J'ne'Ol
110*4 Aug'Ol
110
120
122
123
113
111
113
111
110*4 11 1*4
120*8Nov00
137
137
137
125*8 125 %
3
'01
Apr
143 4
140
140
107*8 Feb '01
113 Apr'01
128
..128
ll27*oSep'01
3 135*4 141*4
s
1 123*3l27 8
12.">*sSale
138*2
138 Si
104*8
Ill
127*8
126*8
100*4 Salt
i'o
113
110
138 78 Sale
139 Sale
126*8132*3
105 58 110
105*2 108
99 7a 99 7a
100*4 106%
100*2 106*5
99 78 Eeb'01
13S%
139
140
i3o""IIII]! 130
118
127*4 131*3
80*4Aug'00
07 Dec'00
lll"8 Aug'0l
88
143 34 143 34
138 58 U3
107*8107*9.
110*3112*3
134*4142
138'
139
Mar'01
130
|134
140*3
140
129
140
132
ou Next Page.
Met
W
M-S
121*2
-M-S
120
F-A
F-A
J-J
101 38 Sale
J-J
J-J
Ul
J-J
123
J-J
102
121 34
Sep 01
101*0 101 3
100 Oct '99
110 Apr'Ol
lll*ojau'01
121 34 126
121 123 S>
98 1033b
Aug'Ol
Sep '01
109*2 Dec'99
123
102
12)34
121
103
A-C
M-N
40-year consol gold 5s. ..1930 M-N
W
'8
1H> 34
108*8 10-- 'a
116 117*4
Aug'Ol
117*4 117 *4 AU2''0l
117 34 l'eb'98
HOSl
192*3
116*2 121
118 122't
iYo*-lJ'iy
1924
1910
1910
1908
120*3
114*3
117
Sep 'Ol
118
112-. sop -in
116*2
119
120
Sale
.3
119*4 Sep '01
J-J
J-J
118
113
182
127
11234 125
114
li
110
30*4 140
32 115
111*2.'.
190
128*4
121
112
121
112 34 Sep 'oi
137 '2 Aug'Ol
122"'S
122»«
.
103
88
115 AugOO
119 Si Aug'Ol
(Chic) 1st g 5s. .194."
Chic St 40-yr 1st cur 5S.1928
!,
k
118
110
111*2 112*9
125*3
105
Dec '97
91% Oct
119
194;
110
123
103
99
Gas and Electric Light
Atlanta G L Co lstg 5s.. .1947 J-D
120
F-A 120 Sale 120
117Sil22S2
120 34 J'ly'01
J-D 121 34
118*412234 Bos U Gas tr ctfs s f g 5s. 1939 J-.l
J-D
U&SaDce'OO
Bklyn U Gas 1st con g 5s. 194: ,Vl->
No prioe Friday; latest bid and asked this week, a Due Jan d Due Apr a Due May srDueJ'ne /iDueJ'ly
Registered..
i>l*4
100>4
102*4 Sale
M -s
110
li
ibe'bSep'b]
102 Aug'Ol
104 34Api 00
101
101
102*4
102 m
115 'k Aug'Ol
M-N
Street Railway
St Bv (Continued)
Col & 9th Av 1st gu g 5s. 199
LexAvdiP E 1st gu g Os 1993
115
105*8 Met
S El (Chic) 1st g 4s. 1 93
103
MU El By & L 30-yr g Os. 192(
Minn St By 1st con g 5s. .191.
95
St Paul City Cab con g 5s. 1937
19;;T
Guaranteed gold 5s
1937
Third Ave 1st gold 5s
2001
guar
4s
1st con
110*2
&7Si
13*2 117
119
r'ne'di
Union El
34
J-D
J-J
Far & Sou assu g6a
Hast it DDiv 1st 7s
S,
ii'o^,"""
10l 34
Registered
1988| J-J
97*4
DesM& Et D 1st 4s 1905 J-J
4
1905 J-J
lst2Sis
105*al05*2
1905 J-J
Extension 4s
84*2
60
Keokife DesM 1st 5s.... 1923 A-O
20
30*2
sa
Pe
Chic & St L See Atch T *
8
21
Chic St L & N O See 111 Cent
Clue St Ij <fc Pitts 6'cePennCo
& O con 0.S...193O J-D
Chic St P
IO434 108
Ch StPifc Minn IstgOs 191S M-N
127 137*8
Nor Wisconsin 1st 6s. ..19301 J-J
127 137
StP& SCity lstg 6s.. .1919| A-O
107
105 Si
1
103 Apr'01
103 Nov'00
103 Scp'Ol
93
99
101*4 Apr '98
100's 100'b
MS
Chic Mil <t St p cou 7s. .1900
Terminal gold 5s
1914
General g 4s series A..el989
Registered
el989
General g3*2S series B.el989
Chic& D Su Div g5a
1921
Chic&Moliiv Div 5s.. .1926
1910
Chic & Pac Div Os
1921
Chic& P WlstgSs
Dak & Gt So g 5a
"a
108 3
IUISCEI..LAXEOUS
102
io'ti""
103Si
Si
-•
111
116*2 J
121*a 121 Si
121 J'ne'Ol
L05*g 100*-
87*2 88 S,
M
Oct '00
J'ly '01
112
JlnjK
110 a4
I.'IW
-i
10o'.,
1927 M-N
1927 M-N
1921
M & St B 1st 7s.SgBD.1902
1st 7a £ gold KD
1902
& M7s
1
108 104
00
103Sl
100
19
4s.
Southwestern Div 4s
Joint bonds See Great North
Debenture 5s
1918
Han & St Jos consol (is.. 191
Chic<fc E 111 1st s 1 cur Os. 1907
1st couroI g Os
1934
General consul 1st us
193
Kegistered
1937
Chic & Ind C By 1st 5s. 1930
Chicago & Erie See Erie
Chic In it I.ouisv ref 0s...l01
Kefunding gold 58
194
LouisvN A cfcChlat 68.1910
Chic Milwaukee & St Paul—
C
2
1
58.. 19191 A-O
Nebraska Extension
1st
Si
103*2 105
103
g 6a.. 1912 A-O
Jiailway 1st lien 3Sta...l950 JBeglatered
19501 Jclue !5ur& o oonaol 7a. ..1908 J-J
6
iiii'i"
o
\
1 1
120
1.-.
1945
1945
»
103*3 Sale
J-J
I& D Extcn lsl 7s
LaCrosse it D 1st 5s.. ..1919 J -J
Point
Div 5a
1910 J-J
Mineral
92"
89 'a Sale '89ia""89»4 iod
1910 J-J
So Minn Div lsl 6a
Southwest Div 1st Rs.... 1909 J-J
90SiJ'ne'01
90 Sa 91
111
1921 J-J
May'00
\Vis& Minn Div gOs
111 J'ne'99
Mil & No 1st M L Os.. ..1910 J-D
1913 J-D
1st consol Os
Chic & N'west consol 7s. .1915 Q-F
1902 J-D
Gold 7s
1902 J-D
Beglatered
Extension 4s
1886-1920 E-A
1886-1926 E-A
Kegistered
1987 M-N
ln^nssi 117 Si Sep '01
115 118 34
General gold3* 2 s
Registered
pl9S7 Q-E
Sinking fund 6s.. .1879-1929 A-O
103 Apr'97
Registered
1879-1929 A-O
126
131 J'ne'Ol
Sinking fund 5s. ..1879-1929 A-O
130 130*4
126
129 May'01
Kegistered
1879-1929 A-O
129 131
Debenture 5s
1909 -M-N
100 Nov'99
1909 -M-N
Registered
1921 A-O
Debenture 5s
105
1921 A-O
Registered
105Si 10") S;
104 Si 108*4
122 Si 125 122 Si 122 Si
1933 M-N
Sinking fund deb 5s
110 Si 127*2
117 Nov'00
1933 M-N
Registered
F-A
114
113 Si Dec '00
.1907
DesMo&Minn 1st 7s.
Milwct Madison 1st Os.,1905 M-S
100 S3 Sale IOOS3 lOOSi 29 li '2 109
1910 M-S
North IUinois 1st 5s
107> 8 107!4 12 107 111
107
Ott C F & St Paul 1st 5s 1909 M- S
-M-N
107 Aug'Ol ... 100 34l08
St
Pet
2d
.1907
7s.
Winona &
MU L S & Went 1st g 6s 1921 M-N
Ext & Imp s fund g 5s 1929 F-A
Ashland Div lHt g 6s. .1925 M-S
1924 J-J
Mich Div lstg 6s
1907 F-A
91 Ang'01
Convertible, deb 5s
91
95
1911 M-N
Incomes
Chic Rock lsl & Pac 6s. ..1917 J-J
1917 J-J
Registered
101Sil02Si 102Si 102^
00 103*2
116
1988 J -J
120SiMar'Ol
General gold 4s
119 120Sl
1st pre! income g 5s
pl94o
2d pret income g 5s
j>1945
3d pret income g 5s
nl945
Mac it Nor Div 1st g 5s. 1940
194"
Mid C-a it Atl Div 5s
Mobile Div 1st g 5s
194u
Cent ul a J 1st cunsol 7s. .1902
General gold us..
19»
Kegistered
106
1
100 34
J-J
A19S7 Q-J
95Si
83 99 105
103 34
104
101 14 104
101 »4 Sep '01
197 100 'ollO
107
105
89*4 Sep '01
a *-2 91^
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ii-N
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103^4 Sale
P-A
J-J
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lis deferred cents. ............
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B&
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105
l'eb'01
120 Mar'00
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94 Sep '111
95
3s.. 101.;
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Ann Arbor lstg 4s
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1
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Allegheny
HU'o
ry 1
High Ac
Ask Low
I
Illinois Divli'os
100
La
nr
sale
i
1
..
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'00
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108
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6s
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1900 J-J
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li:n
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L936 J -J
Clie.M.t Ohio g Ok *er A. .A
Gold 6a
a
lht cuiihol g Ok
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1939 M N
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1992 M S
1992 m-.itered
Craig Valley latg oh. ...1940 J- J
A Div 1st con g Is.. 19
2d consul k4j
19
Warm Spr Val 1st g Os. 1 9 i M
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bonds..
a mo,
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A1907
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1926
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ed
1928
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1904
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V
BONDS
N. Y.
Bil
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it
Weekly and Yearly
Record, Friday,
folk
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BepU 27
EEK ENDING BKFT. 27
\\
(
'98
118
Due Aug p Due Nov
115 119S»
Option sale
1
*
September
Bond KeCOrd—Continued— Page
1001. J
2«,
BONDS
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i
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113
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110
112'jll2'-.
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gold 5s
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1920
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ml
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RE
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gold us
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1st
:
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A
A
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1
58.1942
J
1st
gold 6a.. 1923
1st g 5a. 1930
gu g 6a.. 1926
1
BR
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140
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g5s
115 v
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1949
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,
125
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1949
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gu
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nliire gold 5s
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100
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g 5a.. .1922 A-o
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1st
l)i h.
I
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117', 117
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1945
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1914
18%
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P
125
i.eh
lis
94
1932 J-J
Detroit City Gaa g5a
107> 4 107'4
107
107
1
1
MISCELLANEOUS BONDS—Continued
Lst
1
See Erie
v Ter By
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Rkivn
109
114
127 >a
123% 124
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5s
1941
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s
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1950
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itered
SuilCo Branch
Colunilius lias
.
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K A 1
litySou 1st gold 3s..
Registered
1 H5U
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Kentucky Cent See L <v- X
I
l8t general gold 5a
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gold 4 I98
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a
1946
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lsi C011-..1
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Dock <te lni|i 1st cur 6s. .1913
J
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rie 1st 7s.
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91
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1951
1951
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107
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116
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1
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1
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1995
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1953
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105
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1952
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Louisville IMv gold 3 'as
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mi>...
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inn
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BON'DN
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2
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1017
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107
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o
Due Oct
q
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....
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H»
ill
10
lie
B
M-N
k Due Aug
'04
107-
Option sale
-j
Bond Hecord—Continued—Page 8
652
BONDS
Wi.i
I.
i.
mum.
27
,Sr,,t.
fConttnited
1930 J..1
gold 8i
isacola Dlv gold 6a... L920
1921 M gt I, Div 1st gold 6l
198(1
3d gold 8a
Kentucky Cent cold 4a.. 1987 J-J
M let g lbs 1945 M S
i. a ,\ aN Kia A. s Lai gn g 5a.. .1937 I' A
Pens A ah l«i gu g 6a. .1921 K A
2(1
tie
Ms
Ms
A N Ala r..ii gn g Ba.. 1936 A
sink hud gold 6a
1910 A o
I, A Jen BdgeCogug4a..l946 MS
LNA,t Cli ,sv,c a
MaMon OoaJ 5m L B a. M s
II hi h
anhattau Ryoonaol
A-O
I*
1990
Regiatered
Ad
Metropnl Kl 1st g(is....l90S .r-j
C..1.. in/, g 6a
1934 j-i)
Man s
McK'pt A B V St* N V (riil
Ry
Metropolitan El
Mex Cent oonaol cold 4a.. 1911 J-J
latoonaol income g 8a.al9S9 n.v
2d consol income a 8b.. 01939 •fly
w
1
1
9
"a
99b
ins
1
I
1
!"•.',
1
10',
97
100
103
100
Mar'01
115
Bale
1917
1919
•_'d srncs told f>H
Mox Intrrnat 1st con g4s. 1977
1927
Mex Nat 1st gold (la
2d inc. (is A Cli slinpd../i 1917
2d income gold (is B...M.017
Mex North 1st gold (is. ...1910
Mich Cent See N Y Cent
Mid of J See Krlo
See Chlo A
Mil L S A
Mil A Mad See Chlo
A St P
Mil A North See Cli
oollgoldBa
sr>b
100
106b
P&b 20
<?4b
30 34
21ia
81 tb Sale
22
21
:;:;
2lb
209
10
A-O
A-O
90-^J'ly'Ol
in:,'.,
L06b
111
117b
26
13
38
M-S
85
86
28
Aug
25
105
J-D
J'lv'oi
J'ly'01
J
J
J
95
M St P A S S M con M AM
Minn Un See St P
gu '38
Kan C A Pac
1st
A Neosho 1st 7s... 1903
1942
MoK A Elatgug5s
190G
Missouri Pacific 3d 7a
1920
latoonsol gold 6s
Trust gold 5s stamped. a\ 91
Kegistered
ol917
1920
1st coU gold 5s
1920
Kegistered
Cent Br Ry 1st gu g 4s. 1919
LeroyACVALlatgSs 1926
Pao R of Mo lat ex g 4s. 1938
2d extended gold 5s... 1938
St L IrM A Sgen con g 5sl931
Gen con stamp gtd g 5s 193
Unified A ref gold 4s.. 1929
Registered
1929
1st g 5s. 1926
Verdi V I A
Alt
Bridge
See
Chic
A
Riv
Miss
Mob A Birm prior lien g 5s 1945
1945
Mortgage gold 4a
Mob Jack A K C 1st g 5s. 1946
Mob A Ohio new gold 6s. .1927
1st extension gold6s..A1927
1938
General gold 4s
J P Morgan & Co ctfs
Montgum Div 1st g 5s. .1947
Cairo gu g 4s. ...1931
St
W
LA
Mohawk A Mai
See
N YCAH
122 b
...
,
82 b
91b
85
23
86
25
81
99
106
99
1
'01
ll(ibl20b
103bApr'01
102
98
Apr'01
98b
99
83
103
100b Nov'99
98
98
106
Sale 106
103bJ'ly'01
90bJ'ly'01
93
96'4
1
82
102 b
105
MS
147bl47b
122b
123b 128 b
122 b 122b
97
98
100
75
97
J-I)
A-O
M-N
M-N
M-S
M-S
F-A
F-A
F-A
111
111
Sale
111
113bll5 114 J'ue'nl
123b Sale 123b 123b
105
105
105
Sale
105b 106
105
106
J-J
F-A
J-J
A-O
A-O
J-J
J-J
M-S
90
100
105
115
Sale
47
90
May'01
Aug'01
id
105
M-S
F-A
99 7
8
87
106
1903
1997
1997 J-J
of... 1884-1904
1884-1904 M-S
of.. .1889-1904 M-S
J-D
J-D
M-N
M-N
F-A
F-A
F-A
F-A
Beech Creek 1st gug4s. 1936 J-J
Registered
2d gu gold 5s
Cart A Ad 1st gu g
1936 J-J
1936 J-J
48. ..1981
Clearfield Bitum Coal
1st s f int gu g 4s ser
NYANE
Ill
Dec'99
10
126bl30
111
116
106
106
Sale
Sale
108b
1053s
,
106
108
102
106
106
108b
109bMay'01
101
Sep
'01
105b May'01
109b Sep '97
103bApr'01
102 b Jan '01
101 Aug'01
102 34 Aug'99
96"" Sale"
95 b
96
94 Sep '01
95
96
94
95
96 Ma'r'Ol
i'lOb""" 111 Mar'01
106 J'ne'98
!""!ib"2
104b 108
122
125
6 102bl06»8
J 101 78 103b
8b
1
Aug'01
127
1313a
110
110
Mar'01
A-O
A-O
110
107b
100
L08
Sale
203
102
203
13334
117
J-J
J-J
1901
1901
b May'01
128
113
.
1
1
1
Sale
102
103
M-N
Apr '99
Oct '00
108
105
106
105
109b
102
107
Feb'01
203
102
195
134
197
136
Jan '00
108
2 108
110
5 102
108
102b 103
101bNov*9S
A-O
109
102
121 122b
125 b 129
'01
L96 Feb'01
134=8 J'ly'01
114
108
113 ...
133 ...
129 b 132 b
133
103 Sale
J-J
Sep
16
203b
.
108
Sale
104*8 Sale
Q-J
Q-J
72b 72b
70
72b
Q-F
Q-F
100
110i4ll2b
112bJ*ly'01
Mav'01
132
136
129b
129b 133 b
131
134
Aug'01
102b 103 133 99 b 104
132
129b
2
134
97 3sJ'ly'00
107bJ'ly'01
101
102
107 b 107 b
99 103 b
10
103T106
104»4 105 104
104 34 Sep '01
172
73
72b
70 Sep '01
1
03 b 105 7a
69 b 73b
72 b
70
9934 102
99 34 J'ly'01
128
132
128
Sep
128
'01
131b
J'ly'99
122b 122b
lllbll7
122b Feb'01
112 78 Sale
100
86
112 7s 112
106 J'ly'01
88 34 May'OO
116
116
110
112bJ'ne'01
95 Dec '00
L06
101
105
95
1st s fund g4bs.. 1917
1904 J-J
AR
AH
100 b Oct '00
109 Oct '99
117
J'ly'01
111b Sep
109
'01
108
108
111
J'ne'01
102
106
115bH9
116
CIA Pgengug4b8serA.'42
106 34
-
120
J-J
Series B
1942 A-O
1948 M-N
Series C 3bs
1 95
F-A
Series D 3 bs
Pitts
gu
B.
1940 J-J
Erie A
g 3bs
1940 J-J
Series C
102i4 10478
102 '4 102 b
101 103«s
112
112b
NACBdgegengu g4bsl945 J-J
P C C A St L con gu g 4
1940 A-O
Series A
1942 A-O
Series B guar
1942 M-N
Series C guar
M-N
19
Series D 4s guar
1949 F-A
Series E 3b guar g
Pitts Ft
2d 78
3d 78
117
1157E
105b 109
111 116
111
Oct '00
102
Nov'00
105
112
115b
114
113
118
121b.
112
114 Sep '01
114 J'lv'01
HObFeli'O'i
114
114
106b J'ly'01
1
114
121
111
110bH4b
122 b 126 b
HObJ'lv'oi
Nov'98
123b Sep '01
.
108
102
1
95
99
94
97 b
9378 97b
96
97
111 112b
100b 102
109
Aug'01
Deo'OQ
112b Sep '01
105
101
102
Guar 3bs coll trust reg.1937 .M-S
C St L A P 1st con g 58.1932 A-O 122
Registered
1932 A-O
106b
Clearf Bit Coal See
YC
Col C
I ext lat con g 6s. 1902 F-A 101
Sale 101
101
101 104b
Col
Co gu g 5a. 1909 J J
55 Nov'00
* No price Friday; latest bid and
asked this week, a Due Jan e Due May
.
111
1921 J-J
Registered
10778
J'ly*98
lOObMay'Ol
,109b 109
J-D
A-O 104 107
Sink fund subsidy g 6s.. 1910 M-N
Penn Co gu 1st g4bs
1921 J-J lllbll3
107b IIIP4
109b loo
J-J
West Union col tr cur 58.1938 J-J
Fd and real est g 4bs...l950 M-N
MutUnTel a fund 6s.. .1911 M-N
N
S.
A Rome See N Y C
OCFAStP SeeCANW
J-D
Comm Cable Co 1st g 4s. .2397 Q-J
Registered
2397
Erie T A T col tr g s f 5s.. 1926 Sf:J
1918 M-N
Met T A T 1st s f g5s
MntUnTelCo SeeWestnUn
N Y A N J Tel gen g 6s.. 1920 M-N
No Westn Teleg See West Un
A
CAIDev
101
3
115 78 May'OO
110
108
J-J
g 53.1936 J-D
General gold 5s
1937 A-O
Ore A Cal See So Pac Co
Ore Ry A Nav See Un Pac
Ore RR A Nav See TJn Pac
Ore Short Line See Un Pac
W AC 1st
*
97
J-J
1912 J-J
100
7s. ..1912
.134
A-O 129
7il912
MISCELLANEOUS BONDS—Continued
Coal and Iron
Cah Coal Min See T C I
119
131
109 b
F-A
90
100
Telegraph and Telephone
Northwestern Tel 7s
104 -A.
101 7B
no
AW RR lat
Sep '01
Dec'99
117»b
L28 128
140 36 146b
lOObNov'OO
M-N
Coast Co 1st g 5s.. ..1946
Pac
ac of Missouri See Mo Pac
1940 J-J
Am Telep A Tel coll tr 4s 1929
1st 7s
1st 6s
Corp—
A
117
127bNoV0ii
hio River
115
113
111
losbilib
17", May'01
104 b
sale
'a
117
129
J-D
Convert deb certa 81,000
A-O
Small certs $100
Housatonic R con g 5s.. 1937 M-N
N H A Derby con g5s..l9ls M-N
Panama
MS
4s.. ..1890-1905
Registered
1890-1905
certs ext g 4s
1905
Registered
1905
Lake Shore coll g 3bs.--1998
Registered
1998
Mich Cent coll g 3 bs. . . . 1998
Registered
1998
101
Nor Wis See St P M & O
Nor A Mont See N Y Cent
See C C C A St L
OInd
126b 126b
15b
.
110
Apr'01
104b
MS
MS
QM
ANP
lOlbApr'Ol
97b.
1
Oswego
Registered
Gold mortgage 3 ba
Debt
M-N
M-N
N Y A North See N Y C A H
N YO A W ref 1st g 4s.. ^1992 M-S
98 100
108
96
Regis $5,000 only
01992 M-S
99»4 105 78 N Y A Put See N Y C A H
N Y A R B See Long Island
87 b 91
N Y S A W See Erie
N Y Tex A M See So Pac Co
107 111
114 117
Nor A South 1st. g 5s
1941 M-N
11 9 b 125 b Norf A West gen g 63
1931 M-N
Improvem't A ext g 6s. .1934 F-A
100b 109b
New River 1st g 6s
1932 A-O
103 110
N A W Ry 1st con g 4s. 1996 A-O
Penn Co
Debenture g
1
•
132
1996 J-D
1996 J-D
StP
gen g 63. ...1923 F-A
132
Registered
certific's.-1923
Q-F
127b
121 130
StPaulADul 1st 5s.. ..1931 F-A
7
2d 5a
87b 96 8
1917 A-O
94
96
1st consol gold 4s
1968 J-D
110 116 34
Wash Cent 1st g 43
1948 Q-M
100 101b NorPaoTerCo 1st g 6s.. 1933 J-J
Nor Ry Cal See So Pac
.
J-J
lien g Ga pl915 A-O
NO AN E prior
N Y Bkln A Man Bch See L I
N Y Cent A H R 1st 7s. ..1903
Registered
1
lObMax'OO
140
126
StPaul-Dul Div g 4s
85
90
129 130 b 129 b Sep '01
125 Aug'01
124b...
93b Sep '01
94 Sep '01
114
113 Sep '01
W
A Shef See L A N
New HAD See N Y N H A H
June RR See N Y Cent
Registered
Regiat deb 5s
1
t
Flor
Debenture 5s
111
10'
Registered
TAP
See
4
126b
CBAQcolltr4s Se«GtNor
:
Cin Bdge
'01
1
'
NYALongBr See Cent of N J
NYANE
SeeNYNHAH
N YNH AHar lstreg 48.1908
98
LAW
New A
108b
109b Sep
61
...
109
Harlem g 8bs...20O0 M-N
2000 M-N
North lat g 6s.. .1927 A-O 120
O con 1st ertSa.A 1 022 A-O 127
R WA
Oswe A R 2d gu g Ba...«1915
RWAOTRlst gu g 58.1918
Utica A Blk Riv gu g4s. 922
N Y Chic A St L let g 4s. 1937
Registered
1987
N Y A Greenw Lake See Erie
NYAHar SeeNYCAHud
N Y Lack AW See D L A W
N Y L E A W See Erie
103b
M M
NJ
'01
W
llObJ'ly'OO
108
J-J
J-J
J-D
J-D
Q-J
Monongahela Riv See B A O
Mont Cent -See St P A
Morgan's La A T See S P Co
Morris A Essex See Del
Chat A St List 7a. 1913 J-J 125*3128
Nash
lstconsol gold 5s
1928 A-O
116
Jasper Branch 1st g 6s.. 1923 J-J 120
McM M A Al 1st 6s.. 1917 J-J 114
Branch 1st 6s. ...1917 J-J
Nash
1931
1981
09b
109'i
117
n8b
Sep
112
KCi'l
1
J-J
J-J
J-J
g(is
Registered
1996
CCATlstgug5s
90 b
1922
100
Scio V A N E 1st gn g 4s 1989
105 107
North Illinois See Chi A N V.'
104b
J'ne'01
Ill
113 115
North Ohio See L Erie A
117 b Sale 116b 117b 22 114 119
Northern Pacific
llObJ'ne'Ol
114bll6b
Prior lien ry A 1 gr g 43.1997
116b
Registered
1997
91b Sale 90 b 92 171 84b 96b
General lien gold 3a
a2047
Registered
a204
90
Felj'in
L13b
113'.
1940 J-J
Registered
1940 J-J
Bat C A Stur 1 at gu g8a
J-D
NYA
119
J'ne'01
Sep
113 b
4s
NY' A
103b
102
Sale
1
102
108
A-O
1934
1918
Mich Cent 1st conaol7H.l imv
1st cousol 68
1902
6s
1909
27
-.
Bali
1
I
Registered
123b Apr '01
121b 120
Jlit/l
1980 F-A
KaAAGRlstgnc:
Mahon C"l BB 1-t Ba..l934
Pitts McK A Y lat gu 6s.
MoKeeaA B vist
.in i,n
107bJ'lv'<"
S
FA
Mom
1.1916 A
Shore Lat 4a gn...2361 J.
Registered
2861 J -.J
Lake .Shore oonaol 2d 7h. 1908
Registered
L908
Gold 8ba
1997
liegiaterexl
L997
Del Bon A Toi 1st 7s. looi
May'OO
147b Feb'01
119
98 b Sale
•D
A
M-N
M-N
M-N
J-D
g 4s. ..1990 F-A
Tebo
-'
1
150
I
•
1992
\v eel
80b 90 1
103b Apr '00
J-ll
MinnAStLgu SeeBCKAN
MAPl8t5satpd4sintgu 1986
M S S M A A 1st g 4 int gu 1926
M
4a
1st
Registered
MS
120
103
1944
Boonev Bdg Co gn g 7s. 1900
Dal A Wa 1st gu g 5a... 1940
K A T of T 1st gu g 53.1942
Sher Sh A So 1st gu g 5s. 194::
gu g
5s
1934 M-N
latoonaol gold 5s
1st and refund gold 4s.. 1949 M
1st g 4s... 1990
ffl990
lrtt
SU
ant Sal'
J-I)
1
Minn A St L lat gold 78..192 J-I) 145
1909 J-l> 119
Iowa Ex lat gold 7s
Paoifio Ex lat gold 08...1921 A-O
South West Ex lat g 7s. 1910 J-D 119
2d gold 4s
Istextgold 5s
.M:il
noome 5a
June it gu
.1
I.
A ilk LOW
Hid
gn g 6a L942
2d guar6s
NW
ANW
M
AtllAStP SeeChMAStP
Mo Kan A Tex
I
N
al
x7
Sept.
B—(Continued
1
../.;,/
,
Nor a
W
g 4 int
11
N YAJ'u lste.oiigugl
115
Lllbll7
110 115b
TOP,
104
105' 4 Miiv'Ol
115
115
104 '.j Sale
cent a
Gout a Oawe
tered
L0bll9
111
Aug'01
117
117
1 15 b.'
Sale
126b
78b
Lar'01
111
I
11(1
NY
Moll A
120>4
73 b Aug'01
inn Bep'01
ShMu
N
Hi nh
:
Wrek'e
/"„,,
7Ttr'
I
1.
I,
i
*
BONDS
stock EXCHANGE
Wkkk Kn
27
N. Y.
'
I'
Equip
No
.
'00
l"
LIB
I'jr.'t.hin 01
ma
S
or
Last Salt
Auk Low
Louisv a Naahv
NOAM
/
Vriday
\N*()K
BKFT, 27
age
since
liuniary 1
Wrrk't
I'rirr
BTOOB EXCH
N. Y.
[Vol. LXXIII.
97
Muv'Ol
132b 132b
136b Apr '01
130
Apr'01
De Bardel C A I
Gr Riv Coal A C
See T C A I
1st g 6s. .1919
A-O 106 b.
JeffAClearCAIlstg5s.l92t; J-D
1926 J-D
2d gold 5s
Pleas Val Coal 1st g s f 5s. 1928' J J
RochAPitCA Ipurm 5s. 1946 M-N
Sun CkCoal 1st g s f 6s. ..1912 J-D
Tenn Coal T Div 1st g6s.al917 A-O 110
Birm Div 1st consol 6s.. 1917 J-J 108
CahC M Co lstgu g6s.l922 J-D
DeBarCAICogug6s.l910 F-A
-
99»4
97
'132b 136b
I
.135
136b
.;.12S 3*
136=8
WhLE APCColstg5s.l919
Manufacturing & Industrial
Amer Bicycle s f deben 5sl919!M-S
ext
4bs
70
60
100 101
Due Nov s Option
1915|Q-F
Due J'ne h Due J 'ly p
.107', 101
J-J
106b 106b
96 34 108
95 b Jan '97
107 Mav'97
80 May'97
105 Oct '00
110
108
105
!
g
110b
106b 106b
on Next Page
Coal and Iron
Col Fuel Co gen gold 6s... 1919 M-N 106b
106b Feb'01
104
Col FA I Co gen sf g 5s. .1943 F-A 104 Sale 104
Am Cot Oil
11734
<ll(ib
32
60
110
Aug'01
101
Jan
110
112
100
104b
'00
60
100b Sep
sale.
104
105
Feb '00
'01
60
99
82
102
September
BONOS
N
STOCK
V.
1
M'll
E.NDIMI
K
Bond Record— Concluded— Page 4
28, 1901.
ANGE
1'rice
5.2
sterling g 6a
Con currency bs reg...g
19X9
Consol gold 6a
nl!
Bi gistered
J/m/Ii
M.o
HIS
real est g4s.
.
Sh
or
.\u
l.UW
UK KSUUW
\\
lilljh
-..ui in
Gal
b'i
Pac
11
1
iiai
C011S.ll glllll
Alleg Val
Mar
3
>
!
Gila
4s
-
ii
1st
1
gu g4a...
go g 44s. .193.-,
102
m
1
4
Nu
123 4
.116
.
107
Puts Juno 1st gold Us
L922
Pitts A L Brteadg 5s...al928
Puts MoKi
JfCen
Pills p A F 1st gold 6a. ..1916
Puis sii Jb L K 1st g 6s... 1940
West
Jl'314 Co
V &
1st
certfs
Asli 1st cull 58.1927
Kding
Begiatered
A
Pitts
See
Sag 'Pus & H
1184.
1184 Sep
100
98
99
100
121
054 95 34
100
101
100
06
'
93
106
81
Sale
98
01
4
LOU "a
lOO'e
121
Apr '01
1004
IS
130
96
101
92
82
28
Aug'01
884 Sep 'lid
105 Foiroi
81
81
90
934 964
105 105
80 4 84
92 4 944
923* J'ly'01
94
121
93
94
95
IE
111 Aug'01
114 1 sJ'ii'-"(!l
1144May'01
1284 Sep '01
11441164 1164 1164
1274....
102 4 Oct '00
894 98
98
784 794
100
May'01
loo
Apr '01
30
79
Sale
140
117
117
189 J'ly'01
3
137 4Feb'99
1144
Sale
1144 1144
1104Apr'Ol
106
.
,109
106
108
100
102 3
10
1104
g 68.. 191 J-J
gug4s.... 1937 J-J
110
1
1991
Registered
Mem Div 1st g 44-58...1990
st Louis div 1st g 4s ...1961
1918
Ala Cell R 1st g 6s
1948
Atl A Danv 1st g 4s
Atl A Yad 1st g guar 4s. 1949
1916
Col A Greenvlst lis
1. T Va A Ga Div g 5s. .1930
1956
Con 1st gold 58
1938
1: Ten reorlien g 5s
1938
Registered
1922
GaPac Ry 1st g 6s
Knox A Ohio 1st g 68...1925
1915
Rich A Dan con g 6s
Equip sink fund g 5s. .1909
19'27
Deb 5s stamped
Rich A Meek 1st g 4a.. .1948
So Car A Ga 1st g 5s.. ..1919
W
Sep
'01
Apr'00
1214.
Apr '97
1214Aug'01
122 "
120
Apr'99
142
!
Miiv'Ol
105
111
110
126
111
93
1104 Aug'01
1264 Jan '00
123 Deo '99
"'85'
W
1926
824
MS
Aug'01
1064Feb'01
1064109
87 Aug'01
91 s8 J'ne'Ol
87
4
87
91=8
014
Tol
126
123
123
1'JO
111"
110
110-4
1114
Sep
4;
1 1
117
1
126 J'lv'oi
124
124
ioi4.ri\ 00
1
2
1
L2I
1244 l-«
L
244 129
4
121
124
1114J'ly'i'i
S3 Dec'00
109
1114
1084
106
110
114
114
1084
Oct
"J!i
Sep
'01
1164
116
91
1164
Aug'ol
4 Sep '00
1
115
J
116
1205b
<
117
J'ly'00
116
Mar'01
164
8 113
...
120 r s J'ne'Ol
J-J
1
LX41204
IU'41164
127'i
4
102
114
.
9 34
JIv '0
Sep '01
Sep '01
....
954
98
J'ne'Ol
127 3
.
1»4 121
1 1
116 119
112
109
064 98»«
120 120
'01
112
124
84
120
121
117
120
'
.
127 34
M-N 1164.
M-N 1164.
FA
20
95
112
MS
MS
J-D
MS
AOClstgSs
DesMoin Div
1st g 4s.. 1939 J-J
St Chas Bridge 1st g 6s.l 90s A-O
Warren See Del Lac
West
&
Wash Cent
Wash O A
Pac
WSeeSeeNor
Southern
1st
104 34Feb'98
West N Y & Pa
Gen gold 3-4s
g
5s. .1937 J-J
1043 A-O
Income 5s
dl943 Nov
West No Car See South Ry
J.J
We
See N Y Cent
W
Va Cent A P 1st g 6a.. 1911
116
116
1164May'01
1154H64
115
Mar'01
115
115
104
119
99
111
Feb '01
1194
104 104
115 4120 4
90 100
Aug'01
1104111
J'ne'Ol
11
01
J'ly'01
11241154 1144si
111
...,
114
105
Sep '01
974 994 974 Sep '01
94
94 Sale
95
90 Aug'01
884
S3'<4
Sale
85
83\
9;-4JTy'01
98
109
109
107
104 78 Salt 104 34 105 34
1044Sep'(ll
]06°gSale
107
1 02
Sale
12541 '-'8
1164117
1
117 4
1154
1084
13
113
103
40
95
86
88
73
85 »a
100
1064 109
108V ,107
98
11:
104
103
110
106''i
107»4
1194
117
120 34
129
110
Apr'ol
3
"18,
103
102
101 4 1054
130
1264 127
11 126
115 121
1164 117
loc.
106 106
Jan '01
ll74J'in"oi
117 119
113 113
113 Mar'01
10534
110
1004
91»4 Sale
A.T949
101
Sale
"86"* "87"
91
88
101
92 181
Nov'99
85
111 J'ne'Ol
loo 'j
101
95\10U,
83
954
96
100
:
111
1st consol 4s
A East 6'ee Erie
Sioux F Sev St P
1034 Wilkes
A
394 Winona
S3 4
A-
St
P
Wis Cent 50-yr
MISCELLANEOIS
62
...
4
Sale
Ill
110'., Si p
J'lN
W
120
100
40
-111
40
110
111
1104
no
112
120
Bep'01
Mar'01
30 119
2514
Sep'01
98
1104 Sale 1104
1194120
1004101
L14
'(il
644
,;('<)
111
98
96
122
00 4
10
1
1049
113 4 Mar'01
J.J
& L E 1st g 5s. ..1926 A-O
Wheel Div 1st gold 6a.. 1928 J-J
Exten A Imp gold 5s.. .1930 F-A
Wlieel'g
Wil
994J'ue'00
864
87
1194 119
118
110
shore
»t
100
lstgug5s
MS
1134 113
112
110
1154 J
114
4
90
1
15
Sale
...
112
J
90
WK
113'
114
I
14
tfay'01
10
1
Ui 34
89
MAM
See
1st
C
A-
N
W
gen 4s. 1949 J-J
8S 3
89»4
KONOS-Concliidcd.
& Industrial
Miscellaneous
D2
94
80
90
76
Bar
96
80
105
96
80
18
20
904 98
784 85
Jan '00
likln
664 Sale
664
83
83
834 37
99*8 Apr '(>!
99 Jan ",(«i
67
'.1
Adams Ex col tr g4s
1948
Am Dk A Imp 5s See c, in N J
likin Kerry Co 1st cong 5a 1948
632
66 4
674
83
90
B6
WA W
It
MS
FA
Salo
00
1084111
1004 J'ne'Ol
1084 1084
loo
1(10
KMCj
re & St Yard OOlg 68.1916 J-J
M A M Id gr 34s S A. loll A-O
Hack Wat Reor 1st g5s..l926 J-J
Bend B Co 1st a g 6a....l981 MS
lluliuken LA I gold 5a. ..1910 M-N
.Mad Sq Garden 1st g 5a. .1919 M-N
.Man Bch 11 A I. gen g 1-.. 1940 M-N
LOS
111
1
Newp N( Ship A i> D5adl990
N Y & OntLand 1st e 6a. .1910
-
1st gold 5s
98
1084.
93 Aug'00
1084Aii!>O!
96 J'ue'ol
10
1034
86
104
103
Sale
J-J
F-A
109
3
.
1st 6a tr elfs.
Det
L928
Nat Starch Mfg Co 1st g 6s L920
Nat siarch Co 8 f deb 5s. .1925
ii9«a
113
A-O 1114
M-N
M-N
J-J
119
112 4
Apr'ol
984
1
M-N 11841^0
JJ
.
95
117 4 LOt
117 3iJ'lv'()l
112
112
A-O
J-J
J-J
1
N
1104 1101124J'm m
108
1084J'lv'ol
111
96
116
MS
MS
..
1174 117
117
J-J
J-J
L20
107
'ol
1064 Nov'97
-J
1935 J-J
Western Div 1st g 5s... 1935 A-O
gold
General
5s
1935 J-D
116 34 11878
Kan& 1st gu g 4s„ ..1990 A-O
TolP A Wist gold 4s. ...1917 J-J
139 142
Tol St L A Wpr lien g 34s. 1925 J-J
50-year gold 4s
113»4 1164
I960 A-O
11041164 Tor Ham A Buff 1st g 4s. /< 1 946 J-D
116 120^ Ulster A Del 1st con g 58 1 928 J-D
103 107 4
n Pac EB A 1 gr g 4s. .1947 J-J
106 106
Begistered
1947 J-J
1064110
1st lien convert 4s
1911 M-N
OreRyANavlstsfg6s 1909 J-J
OreRy A Nav oun g 48.1946 J-D
Ore Short Lino Istg6s..l922 F-A
1st consol g5s
1946 J-J
132 140
Non-cuminc A 68....A1946 Sep
Utah A Nor 1st 7s
1908 J-J
Gold 5s
iaT'isia"
1926 J-J
Ilni N J RR A C Co See Pa RR
Utah Central See Rio Gr Wes
71
MEAT
191
,
110
erAof St D 1st
1st con gold 5s
s
4s. ..1949
Knickerbocker Ice (Chicago)
15
FA
& North See Un Pacific
A Black R See N Y Cent
Val Ind A W See Mo P
Ver
irginia Mid See South Rv
104 111
1939 M-N
Wabash 1st gold 5s
2d gold 5s
11041104
1989 F-A
Debenture series A
1939 J-J
Series B
1 939 J-J
Det A Ch Ext 1st g 5s. .19-11 J-J
94
94 34
3
9434 P< b'01
93
88
r
W
1911
1923
L910
1913
HO
"41144
'•.
114
1
ly'Ol
.1
MS
7
111
\i,
rjtah
1934
St Jolin'sDlv 1st g 4s.. .1934
5s. .1928
Brans &
Istgug 4s. .1938
Sil So Oca A G gu g 4s. .1918
Scioto Val A N E See Nor A
Disiiliing ol America colli
trust gold 6a
Gra mercy Sag 1st gold 6s.
111 Steel Co deb 5s
Non-conv deben 5s
Int Paper Co 1st con g 6s.
Ad
1912 A-O
1937 M-N
1905-1937 M-N
M ex 1st
1114
1084
1084111
'.094
I19'4
1
.1
1074 M
Utica
Ala Mid 1st gu gold
1
D.1906 A O
M
May'01
128
140
115
138
1st gold 6s
& » Car Co 1st g lis. ..1042
Consol Tobacco 6O-3 rg ts. 1.5
113
104
.1
lll-^H
Virginia Mid serD 4-68.1921
1926
Series E 5s
914102
1164 Aug'01
1054 Sep '01
1104.
Pres A Ph. 1st g 5s... 1942 MS
A A A P See So Pac Co
S F & N P 1st sink f g 53.1919
Sav F A W 1st gold 6s. ...1934
1-
.1
TeboAN SeeWK&T
166
117
138
S
Am Hido& 1st sfg0s..l919
Am Spirits Mfg 1st giis.,1915
Am Thread 1st 00] tr 4a. ..1919
J
:
SAN
M
niniiiilnrtiii'iu,';
Aug'ol
J-J
lsi froju
I'iisslsl
. .
EM
1941
Cent Pac 1st ref gu g 4s 1949
Registered
1 949
Mort guar gold 3 4a..fcl929
137
g 44s. .1939 A-O 1144.
1894-1944 F-A 1144.
96
St L M Bge 'Per gu g 58.1930 A-O
102'i .J'ne'Ol
97
See So Pac Co
Tex A N
100 4.
100 4 Sep '01
10041004 Tex A Pac E Div 1st g 6s 1 905
2000 J-D U19 1194
1st gold 5s
98 4
2d gold inc 5s
92000 Mar *
97»8 60 954 101 4
974 Sale 074
La Div B L 1st g 5s
1931 J-J
M
Registered
O
-
S P Coast 1st
1906
A N O 1st 78
Sabine Div 1st g 68.. ..1912
1948
Con gold 5s
Southern— 1st con g 5s
1994
I
95
W
AANW
go g 6s. ...1907 J
...1938 A
id gold 5
1936
General 5s
1036
Guar stamped
1st cy gu 4s. .1924
OA
WestNC 1st con g 6s. .1914
111 112
Ala See L A N
lll 34ll4'8 Spok Falls A Nor 1st g 6s. 1939
111 1144 Slat Isl Ry 1st gu g 44s. .1943
125 1364 Sunb A Lew See Penn RB
12 1124119
Syra Bing A N Y See D L A "W
,
So Car A Ga See Southern
Southern Pacific Co
2-6 year coll trg44s
1905
Gold 4s (Cent Pac Coll). /.-I! 149
11
l8tg 6s 01900 lu J-J
1906 A o
Callst g6a
1905 \ O
1st g(is series li
W
M
J
A
Tex
I
Aug'OI
4 Mai
J
Stamped
J'ly'97
J'lv'di
'.If.'.!
1920
A
'ill
95
M-N
A-O
Argu
si, l'uf
'98
M
SUSpOcaAG .S'eeSavFAW
Sod Bay A So 1st g 5s
1024
Ill
111
92
lsi ^(is series (' A
1st g Oh series K
1st gold 68
1st COD guar g 6s
N
Seab & Roa 1st 5s
Car Cent 1st con g
Sher Shr A So See
«fc
N
11
'ill
1
A
.
,N
if
J'nc'99
92
alt Lake C 1st gsf 6s. .1913
St Jo & Gr Isl 1st g 3-48. .1947
6t Law A Adiron 1st g 5s. 1996
2d gold 6s
1996
St L A Cairo See Mob A Ohio
St L A- Iron Mount See
P
8t L K C A N See Wabash
St L
Br See T R B A of St L
St L A S Fran 2d g 6s CI A. 1906
2d gold 6s Class B
1906
2d gold 6s Class C
1906
General gold 6s
1931
General gold 5s
1931
l6t trust gold 5s
1987
Pierce C A O 1st g 6s. ..1919
6t 1, A S V RR gold 4s. .1996
Cent Div 1st gold 4s. .1929
Northvr Div let g 4s. .1930
Southw Div 1st g 68. .1947
Kansas Mid lstg4s
1937
St Louis So See Illinois Cent
1st g 4s bd ptfs.1989
St L S
2d g 4s inc bond ctfs...j>1989
'si'tTerist gugos 1947
St Paul A Dul See Nor Pael lie
St Paul
A Man 2d 6s. ..1909
1st consol gold 6s
1933
Registered
1933
Reduced to gold 4 4s. .1933
ii. mistered.
1933
Dakota ext gold (is
1910
193"
Mont ext 1st gold 4s
Registered
1937
inn 1st div Iatg5a..l90s
Registered
1908
Nor Div 1st gold 4s
1948
Registered.
1948
Minn Union 1st g 6s.. ..1922
Mont C 1st gu g 6s
1937
Registered
1937
1st guar gold 5s
1937
Registered
1937
"Will A S F 1st gold 6s. .1938
Registered
193s
St P A Nor Pac See Nor Rac
St P <fc S'x City See C St P
AO
S A
S I'iieetN
B BAP
SFe
iiiiiiinti
..
I
O
ut ('nl lsi
;
I
127
114',
See
Y Cent
See Pere Marq
Hume Wat A Og
1
Nov'98
121
119
1997
1997
Rensselaer it Sar See D A II
Hull <fe Dan See South By
Rich A Meok See Southern
Rio t.;r West 1st g 4s
1939
Consol and col trust 4s .1949
Utah Cent 1st gu g 48.011117
Rio Gr June 1st gu g 5s... 1939
Bio gr So 1st gold 4s
1940
G uarant cod
1940
Roch
4 Oct
90
1917
Co gon g 4s
1334
Nov'97
119
113
19 13
g4s
'4
L26
L08
109
I
137
-
v
133
,
Tim Creek reg guar os.
Pitts ciu a si i. See lvmi Co
Pittsciev a Tui 1st g 6a. .1922 A O
Pitts Ft w A ch 8m Penn Co
1st consul gold 5s
188*0 Jan '01
(III OH
127
112 J'ne'Ol
114 4Aug 01
....
1"
\
a Mei gul
1
1(11
L939
Usui gold Bs
.
D
A
1st gold 6a
\
I
•
t
M
M
M
M
gu..l937 J-J
iai
Waco* N Wdiv istj
Morgan'! l.a a t Isl
il7"'MaV'o6
Uuron Dif lei g
A ii istgug 48.1931
l't
1124
112
.
no's.
,
PlttS
1.1
".
10. >
.1
:
onaol 1 (is Inl
Gen gola 4s Int
"01
FA
J
..1931
clsl
1
r
.)
i
Jan
112
4s 19 11 J.
Sun £ Lewis 1st g is.. .1986
.\
BB A Can gen 48.1944 M
Penaacola A Atl *,-< L A Nash
Peu .v. East See C C C & SI L
Pek en 1st g 6a.. ..1921
M'.i.l
2d goliU'-s
i;u,|
a P M g6s.l920
mi g
6s. .1910
1-1
1
ell
~l
Nov'97
Mai 'Oil
i
:
OrB
1
L2 8«
\'
a
.
...
a
1
8 a
.1
Id
1
Bj
II..
HANGS
1
Jailii
Auk Low
llitl
!
Range
Sept 27
27
Sl.l'T.
e
BONOei
ll>.
luu
653
111
354
30
113
90
914
111
Nov'99
t>
LTerCnppleaStat'nA Prop
Co 1st g 44s 5-20 year.. 1917 J-D
94 34
92
Btan Rope A T 1st g 6s... 1946
52
101
"ii'
S Yuba Wat Co eon g 6a„ 1928 J-J
51
46 4 72
614
Income gold 5s
1946
6
7
Sp Val Wat Works lat 68.1901 MS
113 4 J'ly'00
6
4 12
6%
V S LeathCosfdebg6s..l913M-N
LeathCosfdebg6s..l913
115
114
L14 Sep
Vermont Mar lat
Sep'01
01 ...,| 113 115
116
.iinio
1st s
5s. ..1910
a f 6a.
(• No price Friday; latest bid and asked.
oDueJan bDueFeb rfDue Apr gVue J'ne /iDue J'ly k Due Aug n Due Sep p Due Nov Due Dee /Optionsale
107
1
St
1
'
THE CHRONICLE.
654
Business at Stock Exchanges
of
Cndlanapo)
Oh 1920
NEW
TRANSACT HiNS AT THB
H
VOI'.K
WEEKLY AND
\l ;.V.
\
I
Stocks
tnding
i,i.
ii
Railroad
27
Shorn
J'ar value
Saturday
34
Monday
819,263
81,51
Tuesday
789,3
7X1. '.'in
0,689
73,2
Total
HUM)
2,04 L.S00
2.104,600
2,267,000
""500
108,000
$381,201,100
121.600
/
1901
Bank
6,500
SI 1,000
27
to Sept.
BOM is
5,041. .".on
$5,589,610
1,661,800
342.693.800
Kit.
and
liii.s.
bonds
if5.Q77.500
$349,914,710
Total bonds....
$1,4::::. ''To
$28,000
8,000
12,621*600
$1 2«535.50o|
2,310,200
+767.706.970
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Weekending
Sept. 27
Philadelphia
Boston
Bond
IAsUd
sales
shares
1901
Listed
shares
Unlisted
shares
Saturday
27.365
47,639
59,071
46,196
$23,400
24,262
37,216
53,487
35,668
32,390
25,341
13.148
242,995
187,250
214,364
y
Wednesday
. .
Friday
Total
Bond
Unlisted
shares
sales
$69,000
2,209
2,646
1,788
4,538
8,645
25,948
26.796
48,620
29,760
34,780
37,960
1020
(Is
\
5s 18
8107%
1
..i
ft
-
0<fe IndCon Nat
1st Oh 1020
I'rir,
Exch
took
Ens
C
a
111
1.200
19,600
20,204
4,029
76,000
50.800
56,100
59,000
117,633
18,011
$402,100
16,6 10
1
moil
a.
9
PotoTeleph.,100
5s 1909-29
J-J
Commercial Cable
loo
Coinmer Da Tel (X Y).25
Emp & Ray State Tel loo
Erie Teleg & Telep See B
Franklin
100
Goldifc Stock
100
4%8, 1905
Hudson River TelephlOOi
International Ocean. 100
itexiean Te4ephone 6'ee
New Ens Telt phone See
Northwestern Teleg.. .60
N Y & X J Telephone 100
681920
i
Providence Telephone. 50
Southern & Atlantic. .25
Tel Tel & Cable ol Am 1
.
96
80
Street ltn.il ways
Mi\V YOKK CITY
Bleeck St & Jb'ul F stk 100
J-J
lstmort4a 1950
B'way it 7 th Ave stk. 100
1st mini 58 1904. ...l-D
J-J
2d moil 58 1914
Con 5a 1943 See stuck
B'way .-Miri 1st 5s gu 1 924
2d 5s mi as rental 1905
Cent'l Crosstown stk. loo
IstM 6s 1922
M-N
Cen Pk N & E Eiv stk 100
J-D
Consol 7s 1902
Christ'r& lOtli St stk 100
Colite 9th Ave 5s See Stock
Dry D E B <fe Bat stk 100
1st gold 5s 1932. ..J-D
F-A
Scrip 5s 1914
Eighth Avenue stock 100
F-A
Scrip 6s 1914
42d& Or St Ferry stk 100
42d St M & St X Ave 100
Istmort 6s 1910. ..M-S
2d income 6s 1915. .J-J
Lex Av
<fc
Pav E 5s
See St
Ninth Avenue stock.100
Second Avenue stockloo
Istmort 5s 1909.. M-X
l'-A
Consol 5s 1948
Sixth Avenue stock. .100
Sou Boulev 5s 1945.. J-J
of Outside
Market See 7th Page Preceding.
Street Railways
Ask
Bid
Grand Rapids Ry
37
35
101
245
1011..
1
249
J
101% 102
108
110
Lxcll
list
Louisv
Ry5sl930J<SsJ
Lynn A Bos 1st 5s '24..1-H
Minneap St Ry 5s Si
130
New Orleans City Ry 100
220
Pn ferred
lOo
North Chic Str stock. 100
106
J-.l
185
1st 5s 1906-16
Exch list
North Jersey ststocklOO
120 125
48 1948
M-JS
115 118
Pat By con 6s 1931. .J-D
\ -(
103
104
2d 6s 1914
400 410
Rochester By (new). 100
105 109
Preferred
100
395 405
Con 5s 1930
A-O
65
70
2d 5s 1933
J-D
1121* 114% So side El (Chic) stk. loo
101
99
Syracuse Bap Tr 5s 1946
k Exc list
U nit Eys (St L Trans; 100
loo
196 205
Preferred
212 216
Gen 4s 1934
J-J
8100
107^ fint'j'r.t Eleo (Prov)lOO
ni9 120 West Chicago St
loo
175 215
Con g 5s 1936
MOS
115
8111
Gas Securities
2108 110
Exch
28
101
198
Bklii Crosstu 5s 1908. J-J
Bkn Hgts 1st 5s 1941 A-O
105
105
12
34
118
106
60
102
180
119
75
ostou
45
112
116
Bosto
Bosto
124
166
112
t
40
116
110
65
185
124
list
55
116
118
W
n
n
list
126
170
116
85
105
8
95
6
Allegheny Co Lig'tCoioo 165
Chicago Edison Co. ..100 168
Cramps'
170
170
10
t
I
%
102
26is
27%
82
82
»-2
89% 89%
110
102
109
115
&
"i
1st 5s
1944
Consol 5s
Xor Ln
list
10034 103
242 244
list
315
107%
107
Exch
9 15
1st 5s 1927.M-N
1
100
100
list
114
110
110
J-J 8113
J-J
109
Standard Gas com
Preferred
1st 5s 1930
list
Exc
ElecLtHeatxfcPower
See N y stock
Bast River Gas—
L36
155
120
150
M-N HIS
BklnQCuit Sub See Stk Exch list
Bklyn Rap Tran See Stk Exch list
Coney Island it Bklynloo 320 330
Light & Tract. 1 00
19
Preferred
100
89
J-J
1st 5s 1903
102 1U3
Baltimore Consolidat See Bait
3
6scrtfsindbt 1903.. J -.1 101
Bay Stair Gas
5o
j
5s 1939. J-J 113% 114% Binghainton Gas—
5s 1938
Gr St<fcNew 1st 5s '06 E-A 104
A-O 8 93
Gr'pt ifcLorimer St 1st 6s 106 109
Boston United Gas bonds Bosto
Kings Co. Elevated—
Buffalo City Gas stockloo
4%
1st 4s 1949 See Stock Exch list
1st 5s bonds
70
Nassau Elec pref
100
83
ago Gas fleeN Y Stk
.n 11 at 10,-is A- Eli
5s 1944
A-O 113 11 1
1st 4s 1951
J-J
Col Gas Let Heat 001
NewWb'g & El 1st ex 4 "as
Prefi rred
100
Stein way 1st 6s 1922. J -J 8119% 121
1st 5s 1932
J-J 8100%
Consol Gas i.\ J; stk.100
12
OTHER CITIES
1st 5s 1936
J.J
79
Buffalo Street Ry—
Consum las J City)—
1st 6s 1904
1st consol 5s 1931. .F-A 21163.1 118
..M-N
03
Deb 6s 1917
Detroit Citj
A.O ?106 107
Chicago City KP. stk. 100 202 206
Deti
Exch
Chio Union Trae com. 100
18
19
slOO
31
Preferred
id)—
loo
58
Fori v
Cleveland City Ky
jst is 1925
loo 120 123
j-J
4S
Cleve City Isi 5s 1909. J-J 103 "a lot,
Grand
is—
Cleveland Electa Ky.100
1st 5s 1915
90
F-A 8104 1
87
Con 5s 1913
M-S 105'.. 107
Hartford (Ct) Gas
48
Columbus (O) St Ry..l00
Hudson Co Gas
45
48
Preferred
loo 102 104
a 1949
102
Colum By con 5s See Ph lla list
Indiana -Nat <t HI
Crosst'wn lst5s'33.J-D 8109 110
1st 6s 190s
M-N
BrkC&N
I
23
91
list
1
90
u list
6
71
102^
87%
103%
107%
82
a
1
104
.
List"
35
52
;
._
.!
J
.
t
105%
"38"
103
(
i
Buyer pays accrued
interest.
t
Price per share.
60
20
72
It
loo
Electric \ eliicle
Pn fi in'.
Empire State Sugar.. ion
lei 6s 1915
Empire
si.
Gem
.
7
95 %
4
35
...
t
100
100
1
Carrm
ral
ral
1%
1
100
Chemical
Prelerred
100
Gorham Mfg Co com. 100 tllo
j;120
Preferred
Havana Commercial. 100
Preferred
100
HkrJones -Jew'lMUl.pfd
90
1st 6s 1922
M-S
Herring- Hall.Marvmloo
pump
Iuteriiatl silver
6s 1948
Iron Steai
63
100
9H
45
1st prelerred
2d preferred
100
Hoboken Landife impioo
5s 1910
M-X
International Elevat.100
nat i'ow '.1 pref 100
inti rnat'l
20
50
5
1
110
llo
150
fl
(
flei
J-D
John B Stetson com. .loo
140
ion
Preferred
12'i
I
Exch
list
108
66
95
N i* <fe Hoboken stk.100 79
Hob Fy 1st 5s 1946 M-N 8112
Con 5s 1946
J-D 8 92
York
A Xew J ersey
1946
J-J
10th& 23d Sts Ferry 100
1st mort 5s 1919. ..J-D
Uuiou Ferry stock.. .100
1st 58 1920
M-X
itailroad
Chic Peo & St L pref.100
Prior lien g 4 "-js^OM&S
Con nitg g 5s 1930. J&J
Income 5s 1930
Denver & South'n -See S
(w i).100
Preferred (w i)
100
1st 4s 1951 (wi) ...J-D
Ft Worth & Rio Gran. 100
KG
Mem
pf (w i)
Ft Scifc
Ret'g g 4s 1936 (wh iss)
Pitts Bess it L E
50
Preferred
5o
Seaboard Air Line See B
Industrial and Miseel
Aberdeen Copper
25
Acker Mei'ite Condit...6s
Amalg Copper flee Stock
Am Agnc Chem flee b
Amer Bank Note Co.. .50
Am Bicycle See N YStk
110
70
96
81
I
100
1st preferred
2d preferred
American Surety
Amer Straw board
77
37
;
-
l)
38
100
J-J
Car
Preferred
Bliss
Bond
100
100
100
Company com
Preferred
it
Mort
9
12
175
190
26
55
\11thrae1teC0al
Sm
52%
stock. .100
Preferred
5s 1919
5o
50
..lor
Guar.
Br it'll Columbia Copper 5
loo
loid Co
6
60
25
Amer Woolen flee E
Amer Writing Paper. 100
Barney &
3
100
F-A
6s
Am Typefo'rs
IK
4
Exch
100
Xew Central Coal
20
X Y Loan Imp
100
X' Y Biscuit 6s 1911. M-S
N Y El V Tr ($20 pd)100
32
27
I
<fc
N Y Realty
114
JO
150
115
11
165
12
31
14
33
94% 96%
20
t
44
31
431-2
30%
94%
94
177
oston
list
339
205
100
95
340
208
101
ockEx
list.
02
140
164
139
140
2J5
145
168
143%
145
250
2%
4
17%
62%
15
729
59
list
t
117
125
70
4
6
105
4100
t
110
102
13** 16
96%
:
-j
<
1
f
Prelerred
Union Typewr com. .100
1st preferred
100 119
2d
loo 115
Eerred
1
.
6
7
100
100
100
b Envelope com... 100
loo
Pr< ferred
si. lass common.. .100
Preferred
100
,
33
36
SS
40
90%
Prefi rred
L's Cut
L
08
124
118
s Casl lion Pipe. ..100
l
1011
imck
iduct&RehninglOO
100
3
11 h 13
70
71
70
60
16
19%
123
140
150
135
350
S90
10
11
100 102
733
220
Exch Ust
8106 110
(.oar A- Trust. ..100 500
530
1 renton Pottery com loo
5
8
Preferred
62% 67
100
Trow Directory new. .100 70
4>4
lo
Union topper
4%
35
Steel Aj Chain. 100
27
40
Prel erred
100
50
Union switch ik SignalSO
69% 69 >2
1
Foun com.. 100
s2
)
Preferred
Am Soda
'2s"
Ol
1
I
Amer Shipbuilding. ..100
1
1
t
km
IS
I
100
American Chicle Co.. 100
84
88
si
Preferred
100
S3
Amer Graphophiine...lO
S'i
Preferred
lo
9% lo
7
Amer Hide & Leather 1 00
6
Prelerred
100
34
35
6s flee Stock Exch lisi
Amer Locomoti'V e .sec Stk Exch Ust
Amer Press Assoe'n.100 so
95
American screw
Nat Eham'g d; stamp
100
Corp
Nicholson FUe Co
100
Ontario Silver
loo
113% Otis Elevator com
loo
Preferred
93
100
Pittsburg Brewing
50
Preferred
105% 107
50
75
Pittsburg Coal
loo
80
8105 108
Preferred
loo
39
Pitts Plate Glass
41
100
Planters' Compress See B
8 97%
99
Pratt <fc Whitn pref.. 100
Procter & Gamble
100
Preferred
100
4% 6
Royal Bak Powd pref.100
8104 107
Rubber Goods Mfg &eeSt
90
92
25
14% 18 Rnssell <fc Erwin
tk Ex list
Salety Car Heat & Lt 100
1514 16
Sinuuona Hardw com 100
Preferred
40
41
100
2d preferred
loo
84
86
er Mfg Co
100
J
773s
4 Standard MUUng Co. 100
i 8684
100
86% Preferred
34
35
71
Standard Oil of X J. .100
t
74
Stand Undergd able 100
alt Ust
Sloss-Shemeld flee stock
Standard Coupler com 100
Preferred
27
100
31
Stillw-BieriV. Sin V pf 100
100
Storage Power
Exsll list
50
Swift <fc Co
oston list
100
1st 5s 1910-1014. ...JJ
t
56
57
Tennessee Copper
Exch list
25
Texas & Pacific Coal. 100
23 H -.1
73% 73'-. "1st 6s 190s
A-O
8
roo
Preferred
i
M-N
8%
48
Preferred
100
Ust Nat'l Gramophone
loo
National Salt fleeNYStk
Con 5s 1948
Bonds
1
1
300
HI
101
Xat mil a Surely
Preferred
CITIES
Amer
Ba
19
115
American Can cum. ..100
107
OTHER
70
17
113
Detroit Soutlin
110
X
17%
flee
1911. J-J
See Stock
1st 5s
100%
consol 58 1948. -J-J
1st
N"S
HOD
E11 Bli
A.
Diamond Mati
12*
11
NY&BlstOs
Xew
112
8101
4s 1929
Unit ElecLt&Po Co.. 50
1st 5s 1922
106
35
101
Storey (ieueral Elec.10
United Electric ot X J 100
Metropolitan Ferry 5s
81%
109
25
Sli
Lanston Monotype
20
\ Stock Exch Lawyers U
r.100
Edison Ore Milling Co 10
8
11
Lawyers' Surety
100
Electro-Pueum'icTranlo t
1
1% Lawyers' Title
General Electric Co X Y Stock Exch Lorillard
L)o pre! flee Boston list
Madison Si| Garden.. 00
Hartford (Ct) Elec Lt 100 175
2d 68 1919
Narragan (Prov) El Co 50 lz92
Mix Xat Construe.
New York & Queens Elec
Mnniiiigahela It Coal. .50
Light<fe Power Co.. 100
25
Preferred
27
51
Preferred
100
65
Mosler sale Co
70
Rholsl ElecProtecColOO *119
National Carbon
loi
Electric
NY& E B Ferry stk.100
84% 86
i
list
1
Brooklyn Ferry stockloo
list
26
loo
110
100
4
....100
See si k
Prefern d
Ferry Companies
200
22
80
S126
8103
33
"i
N
h
82%
104%
NEW YORK
BROOKLYN
11 3 ' 2
23
120
8113% 115
Gold 5s
8107
list
8118
Cent Union Gas 1st 5s... no9
Con Gag (N V) stuck X
Stock
Equil Gas con 5s 1932 Sei Stk E
.Mutual (.as
100 305
New Amsterdam oas
'..
Atlan Ave os 1909. .A-O
A-o
Con 5s g 1931
Inipt 5s See Stock Exe
5s 1933. .A-O
Brooklyn City stock. ..10
Con 6s See Stock Exch
20
81
11 E8
8
-.!
M
BB& WE
PhUa
1
SoFer 1st 5s 1919. ..A-O
Third Avenue See Stock Exch list
Tarry
P & 5s 192s 107 109
107
YkersSt RK 5s 1940A-O 104
28th <fc 29th Sis 1st 5s '90 109
LIS
Twenty-Third St stk. 100 408 415
Deb 5s 1906
J-J
103 106
Union Hy 1st 5s 1942 E-A 114 116
Westchest 1st 5s 1943 J -J 110 113
W
SI
28
84
25
81
Lake St (Chicl Elstk.100
1-.1
Deb 5s 192S
116
105
8114
8104
255
8126
208
103
175
Preferred
udianapolis S1 Ry See
c Hob .t Paterson..lOO
4s g -Nov 1 1949.. .M-N
ire.. 100
1
Ask
Jli'l
100
loo
-.
labtnel Look. 100
1
|
For Weekly Review
'J
Prefi ii":
u
17
67
loo
Rubber
ol
10
100
Dion Si in. ii.'-.) 00
loo
Electric Boal
Companies
Mfg
Edison E1IU Co Brk X
in.
22
96'-,
list
MX
25
Pacific it Atlantic
Electric
1
1
i-
.
85
18
92
103
Compressed a ir Co... 00
;u Heating loo
in!
22
50
91
100
100
IOO
pf loo
C01 bin (Pi
Exch
<v-
oalifcl
'
<x:>:,U
mow)—
N Y Stock
Telegr 6c Telephone
Amer Dlsl Teleg(NY)100
BeUTelephol Buffalo 100
aJ
So Amer... 100
Eddy
Outside Securities
2d
Consol
18
46
J.|i
St Joseph Gas 6a 1937. J-J
St Paul GasGeneral 5s 1944. ..M-s
Syracuse Gas stock.. 100
1st 5s 1946
J-J
11
Prefei red
.",11
<
•
1
B) 1-1 prel 100
11
1
Hock
58
25
425
52
48
Ml
Auk
20
Ml
Clatlin
list
B
100
loo
Prefi rred
flee
1
1
$14,000
47%
Newark Gas 6s 1944. Q-J 8140
Newark lonsol Gas. 100 56
5s See
$84,626
$129,476
$1,000
stale bonds
48
I..M-.N
Jim
Iscel
i
1.
1
Western Gas
1900
1901
81,873,237
216.083,
,700,812
101.100 $179,490,560 $21,008,637,925 $7,851,700,312
Government bonds
.1 !,.•_
1
l,8«
shares, par..
N Y stk Exch
WaliV 1st 0s'20.J-D
Madisom Wis) ..is—
New
January 1
1900
3,842,986
Btooks No. shares
Par value
H02
)
,
102
80
103
20
(
$8,000
Week ending B*P& 27
Exchange
V 8
Bonds
2,610,600
2,264,000
527,006
Sales at
Hew York Stock
Slat*
];</nd»
•1,21
1
noo
loi.
re
.
Industrial and
Chateaugay
1
1st
:
1
Wednesday
.cr
Jiunds
08
101
\
Lacli del
l.alayVc,;,
A ik
60
M-N
5s g L937
STOCK KXCIIANGK
BLT
1U,L
CO
..IS
I
-
u
la
1
"II
mi
^r. in
I. lis
Volume
[Vol. LXXIII.
50
36%
140
1
15
37%
63
85
90%
si mort 6s
Stock Kxch
teel Corporatii
01
15
20
1
U n Iversal Tobacco. ..
35
45
Prelerred
100
;
>
6
8
M-S
41
45
Westingh Air Braki
While Knob Mining. 100
Worthing Pump pref. 100
115
VaCoal
lron<fc Coki
5S 1949
15
15%
118
m
88,
it
i
THE (HRONKLE.
1901.]
Exchange*— A
Boston, Philadelphia and Baltimore StocK
V" "bar* **rloea Moi Per (euiun Price*.
M&turday,
21.
Sept.
Wednesday Thursday,
Tuesday,
Afonetay,
Se^t. 23.
24.
Sept.
25
Sept.
Mutts
Shares
Kullroiif) Htocks.
807
175
Wtit
175
•an
183
157
»ita
•78
171
•340
l'eY
191
153
i81
Pi*
•97* ioo
•806*
7 8*
ai o-is
88*
7H*
21*
HU
87 1-lt a--.«
88
88
«06
306
78 1-16
78
78*
7a'
•04
60*
8894
15-16
38
88
100
88* 8S*
88* 8894
16
16
94)4
loan
9391'
100*
60
23*
8!'.;
'
88
87
88
84
87
•33
87
94*
M
b
94
83
86* 8«*
165
780
26*
8554
35*
259$
31
34
81
33
85*4
8594
83* as
H
70
4a
33
279b
26
70*
45*
70
45
43
•78
45
48
•«5«
64* 64* •68
87* •88%
69* 89* e9
44
44*
*w
4'>* 40*
48
64* 64*
98*
70*
8894
48
73
9
64
187
31
*
•186
80*
634
135
»m
48*
28*
16
•71* 72*
•79
78?s
6J4
81
431,
28
28*
•71
73
80
•
INACTIVE STOCKS
AAILKOADS.— Price*
Amer.Rallwa\a(PhU) 60
100
BoBAMalnepf.(Boat)10C
SoatonAPror. " 100
"
"
OOBnAPaasum
100
100
TOMOiTrPltts!(Phll) 50
B0
"
Pref!
4a South A Fla.(Balt)100
"
100
1st pref
"
100
3d pref
50
Pasa(Phll)
n'nnant'n
"
50
Bestonr
BO
"
Pref
"
100
Inds Street
"
50
iiittla Sobuylk.
Oonn
BJTer....
8894
ue
118* 115*
439|
4194 44*
37* 28
•37* 28
12* 12* 13
13
no iale wa
Bid
\nu.
50
Kesuuehon'g Y.
50
Worth Penn....
Pere Marqc'te.(Bost)ioo
"
100
Pref
Phil Germ a N.(PhU) 50
"
60
Phlla. Traction
....
RysCoOenerall "
Rutland pref ..< Boat.' 100
N
(Phll)100
25
J
170
880
84*
62
45
"
100
100
"
Pref
95
76
169* 171
61*
75
71
79
81
"95*
**
104*
103
39^
41
for Nash AH. "
MIBCaLLAJSBODS.
'
114
8CH 33
44
110
43
130
8*
8
Am
6
"
.
28* 80
6
*
6*
8H1
88*
34*
42
13
• 694
98"
108
8
7
8
185s 138
40
38
894
.
pf. (Bost)lOO
"
<fe S.lf
i
v5
82
'
•••••I
ue
23
20
Saeton Con EL (PhU) 50
Edison El 111.. (Host.) 100 245 850
KleoCoof AmU (PhU) 50
7*
17
Franklin Min'g.(Bost) 25
" 100 257
General Elect..
260
" 100
Pref.
"
Ind-EgypCom
100
4
<*
"
Int But H & 8
10
1
1*
Int8P<fcDynam(Phll) 50
1094
11*
M
Isly Boyale1i..(Bost)
25
Mannfao Bnh..(Phil) 60
Pref
"
84*
H
Preferred
.
Bid.
60
27* 38
2,413
'/HI
•a;
2H
1937
I
52* S3*
1907
AAO
§108
77*
13*
88*
Jan.
Jan.
Jan.
4"
t*
100
i
102*
97*
.
17
Non-exempt
6s. '18 JAJ {107
Sink fund 4«.. 1910 JAJ J100
Cent Vt 1st 4s 1920. .Q-F I 85
87
Ch Bur Ag 4s. 1932 H&A {1.1
IowaDlT 4b. 1919 AAO {i 4*
iis'
Chicago Juno 58.1915 JAJ {111
07
Ch A No M gu5a.'31 MAN
A W M gen Ga.'31 J AD (18
«
104
100
1*
113
.100
«w
4
{111
«'
J
J
.
137
38
1
l<
{100
A so
108
102
105
KCFtSAGlstfa.'08JAD t'l'ii'
KCF SAMoon 0a.'28MAN {181 as'
KCMABlat4a..'34 MAS 98 100
1
j
90
5a.
*
1
07
;116
LRookAFSlat7a.'05JA (105
Mar H A Out 8a...'35 AAO 1118
83
31
81
84
33
88
N
YANBnglat7a.'05JAJ {110*
Ut mortfia.. ..1905 JAJ «107*
ill
4
1
1
31
76*
Jan.
4
83
.Ian.
I
24* Jane
5494 8»pt.30
138* May
m
Jan.
21
80
Sept
Jan.
July 26
Apr. 80
i
*
5104
105
Bonds— Baltimore.
68
5a
A Pot
Atl A Ch lat 7B.1907 JAJ 114*
AtlG-Llghtlat5al917JAD
Atl Coast L otfs 5s .J AD
Anaoostta
99
.
Bait Beit 1st
5S.1990MAN
BONDS
iild.
1
Fundg 5a.l918 MAN 122
Bxohange 3*s.l630JAJ 110
Bait
Statu) 3a new.'335AJ
BaltAPlsteeml 1911AAO
lat 6a tunnel 1911. .JAJ
Bal Trac lat 5a.l«26M AN
Bxt A Imp 0a.1 901MA8
• • • e • «
ue*
NoBaltDlT5a.l942JAD iad'
Cony'rtlble5Bl806MAN 101
Central Ry 6a.. .1813
Consoi 5a.... 1933
118
183*
JAJ
MAN
lis*
Bxt A Imp 5B.1932MAS 116
Chaa City Ry 1st 5s '83 JAJ 105
Chaa Ry G A El 5b 99 M AS
90
CharlCAA ext5s.l909JAJ 113
'
3d 7s 1610
no*
110
94
AAO 106*
CltyASub lst5a.l823JAD 115* 117
CltyA8ub(Waah)lBt5a'48
87* 98*
ColAGrnvlat5-6.1917JAJ 118*
Consoi Gaa 0a. .1910 JAD 118
ll'i'
5a
1936 JAD 118
Ga AAlalatpf5al845AAO 108 ids*
GaCar ANlatSa g. 1929J AJ 1^794 1O8
GeorglaPlBt5-6a 1922JAJ 135
GaSoAFla lat5a.l945JAJ H2*
KuoXTTrao latSa '38 AAO 87
91
Lake R El lstgu5s'42MA3 130
Maoon«NlBt4*s'90MA8
Maryland Brewing 6s
Met8t,(Wash)lst5s'25FA
"15'
116
New OrlGas 1st 5a...Var
NewpNAOPlat5a'38MAN
Norfolk St lat 5a '44. JAJ
NorthCent 4*a. 1925 AAO
6a 1604
JAJ
Serlea
5a 1826.... JAJ
Series B Sa 1626.. ..JAJ
Pitt Un Trac 5a. 1997 JAJ
PotomVal lat 5*. 1941 JAJ
A
SeoATTu(Pltti)5a'34JAD
8ar Fla A West 5s '34 AAO
Seaboard A L 4s 1950.
Seab A Roan 61. 1926 JAJ
So.Bound st 5s '41. AAO
U iEl .Al'ln4>% i'39M*rt
Un Ry A B) lsl4a'46.MA8
.
Income 4a 1849.,.. JAD
Vtrg Mid 1st 6a. 1800 MAS
3d aeries 6s.. 1611 MAb
3daerlea 6s. .1816 MAS
4th ser 3-4-5B.1821MAS
6th series 5s.l926 MAS
Mil
50
•
• • • t
•
110
115
108
113
18P*
181*
113
105
115
Atl City lat 5ag..'18 MAN
Balls Ter lat 5a.l926 J AO
CheiADCarili*Sa.'16.TA
8394
71*
107
114
131
M 5a.'20
Bdlaon Bleo 5a atk tr otf a.
Bl eoA Peop'a Tr atk tr otf h
HImAWllm
1939
1939
lat5s.'l7M*
I
M
M
71..191
. •
• • •
I
01 g.. .191i
'
Terminal
84
P
>•
...
•
•
•
• • • •
109
•• ••
.
a • «
t
II I.
67*
119
(SSI*
i%
18S
Ai
108
J*
IBS*
y-r
J
109"
A
85*
96
5a
MA
Weisbaohif
ail*
••I"
116*
181
,«.-idelst5»g'35JA.'
ul'i
•
110
95
AA
I
..mi Ry oon
83*
132
WU A Ball 4s. 1917 AA
Coliat trust 41.1931
tteaO C gen 4a, VI
Sara.
183
i'«l
.
971,
..it
BxtluipM4ag.'47
C01
118
123*
v
• Tr tr oerta 4i
Phi. a Bleo gold truat otfa
Truat oertfs 4s. ......
PhAEr iieu M 5g.'20 AA>
Gen M 4s g. 1920 AA<
Ph A Read 2d 5s. '38
Peopie
••
106*
JAD
AAO
AAO
•••
H8*
Conaol 6a 0.... 1905 Var
Conaol 5a r....l919 Var
Penn A Md Steel oon 0a
7s..'O0
* 1 *
100
Newark Pass oon 5s
NYPhilANorlst4s'39JAJ 106
86
Income 4b... 1939 MAN
No Penn lat 4a..'36 MAN
1903 JAj 108*
GenM7a
Penn gen 6a r.. .1610 Var
Consoi
«6H
71*
9794
Nat Aapi.alt 5a.l951 JAJ
tfew'kConGaa 5i 1-
5s
Cona 4a
Penn Steel
•
>*•••
116
S3
Com
• t
no*
•
Indlanapoha Ry 4s.. 1933
Lenigh Nav 4*a..'14 g-J
RRlsg
1914 y-F
Gen M 4*s g.. 1924 o-t
Leh T C'l lBt5ag.'33JAJ
Leh Valert 4a..l948 JAD
.1910 MAS
2d 7a
1928 JAD
Conaol 6a
J*D
Annuity 6a
Pa A N YCan
••
1
« t «
Income 5a... .2862 AAO
Hq 111 Gaa-L lat g 5a. 192- 107*
Heatonv M A F oon 5a. '24
HA B Top oon 5a.'2S A tO 110
110
86
10994
117
>
108*
58
10 JAJ
lat 6a.
1.
114*
.
127
.5194
93
:
MA
96*
113
Clt'B'StRy(Ind)oon5B.33
ColumStRy latoon5s.'32
Con Trac of NJ lat 5a.. 3 >
Del A B Bk 1st 7a. '05 FAA
HO
110
106
85
96
98
Bonds- Philadelphia
AlleVyBext7sl910AAO 135
tr otfsl946
54*
lat
ASb.
a.
90
Fund debt3-3a.lt/91JAJ
Weat N C oon 6B.1914 JAJ 118
WeatVaCAPlat6g.'llJAJ 114
Wll A Weld 5b. 1935 JAJ 180
BaatAA
8altCPaalat5B.1611MAN 106*4 110M
4
i
Choc&Mem st5il949JAJ
ChooUkAGgeu 5a'19JAJ
i
m
Mar
6,058 12394 3ept.85 182* in'
S
414 ,594 Sept 87 180 July It
J an.
8,518 151
4 183
May it
344 851
Sept. 86 860
Mar. 3
10.6 '1
1594 viar.
7
31*4 June 11
8,230 19* Sett. 36 34* May
2
49 58 Jan. 80 05* July 10
8,349 23 Sept. 13 31* Apr. 1*
D.i28 40
Feb 1
70 Aug. 1
8,542 33
May 16 45* Sept. 88
1,093 31* Sept. 10 99 Jan.
2
Sfl
02* Jan. H 7994 Apr. 12
855
494 July
794 Jan
3
800
4* Jan.
8* Feb. 18
18
Feb. 13
8* Jan.
90 Feb.
99 Jan. 3
18 27* Jan
146
Apr. 12
18,53
37 Sept,
3894 Mar. 5
6,421
13
494 July
Feb
894
10,530 35
May
41
June 30
39 H8 Se t
128* Jan. 2
1,«75 3 J* Feb.
44
Pept 5
392 33* Jan.
30 Sept B
190 10* July
17
Mar 30
100 40 Jan.
56 Apr. 12
100 54 Jan.
75 Aug 21
80 Jan
80* Sept. 17
81 5 '6
c 30 7-1
BergABBrewlat6a'21JAJ
Cambrlalron 6B.1917 JAJ
... in a"
394 Jan.
94
1'orriugion 1st 5a 1918..
St 5a. .'03
t
Apr. 22
80
139* June 16
4* Jane 13
91
June 18
41
LI
Asphalt Co 5s
MAN
1914MA8
1916 MAN
1
2
18* Mar. 39
1394 Sept. 13
h-94 Jail.
8
84*
2
May
Jan.
99
37
Rutland 1st 6a.. '02 MAN ao8*
Rut-Can 1st is 1949 J&J
5104* .05
Seat Elec 1st 5sl 93 OF*
Weat End
4*a
Deb 4
11
8
June 18
May
*
1
June
39* May
3494 Jan
846
1
July
413* Apr 29
81
Apr i'
24 1- 18 June 4
Jane
40Hi
17
49 7- 16Maj
10* June 21
Jan
9
Jan.
9*4 Jan
1
Apr. 41
46
90
12* Jan.
10,14
1,800
6,' 90
6.b0
80
3,876
3,203
14
39* May
Jail
868 12 8-16J
Va
i
New Bng Tele 5s.'10 AAO {103
6s
Adjustment g 4s.. 1995 J 90*
Boston Term'l 3*a. .1947 1 8
Boa Un Gas 1st 5a. '39 JAJ j 84
2d M5a
1939 JAJ \ 80
BurA Mo RlTez'pt 6s.J AJ }180
4a g.. 1611 JAJ
1st oon Iho 8a g non-oum
8d eon Ino 3a non-oum
NBGaa AC
e
Bond a— Homo ,,.
Am Bell Tel 4a. .1908 JAJ 99
A T4S F gen g 4a '95 AAO lU2
Mex Cent
148
34
69
8 31
44.' 4'-
s
IS
BBKI
HI
104 305
i
Apr.
May
73
43
Baltimore— Conolu
lat 5s..
294
.
K CA M RyAB 5a.'29 AAO
KC8tJoACB7a.'07JAJ
XI
"lOt
ABR
103*
-
lat Sa g.'35
Bid.
I
167
(
Income
.
8* NewBngcongen5a'45JAJ
N B CotTarn 5a 1629FAA
13*
13
185
25
9=* 99*
(PhU) 85
Palmetto Co.
*
38
87
ParrottSUACop(Bost) 10
Penn EleoVeh. (Phil) 50
"
Pref
60
B0
Pennsyl Salt... "
Pennayl Steel!. "
....
"
100
Pref!
"
50* 51
Phlla Co
50
18
16
Plan terBComp!(Bost) 100
160
25 158
Qulncy Mining
85
4* 491
Rhode Ial Mln.. "
Santa Taabel G "
5
94
*
"
48
100
Seattle E.ectrlo
"
100 100
Pref
1*4
a
5
Susquel AS!..(Phll)
Tamarack Mln. (Boat) 35 890 29S
6
Tidewater St,.. (PhU) 10
37
28
Torrlngton "A"(Boat) 2^
25
38
89
"
Pref
3
6
35
On Cop LAM'g
37
OnHlLAPowpf (Bait) 50 85
89
69*
United Fruit (Bost) .100
'-''*
'5
7
U B Mining .... "
"
4-85
85
34*
Utah Mining..
7
Warwick I A 8. (PhU) 10
50
Weatm rel Coal "
2*
2»4
Winona Mlnlng(Boat) 86
25
69* 60
Wolverine Mln. "
C CA 8
June 19
a
1
.
BONDS
Ask
6*
,
NewHavlA
S.
102
Jan
*
Boaton— Concluded.
asstpd, Bait iOO
"
100
i*r«enthaier..( Boat) 100
"
«t Telephone
1C
NewBngGaAC 1 " ....
8.(Phll)
5
Old Col Mining. (Bost) 35
AAO
DGRAWlat4a.'46 AAO
Domln Coal lst6s.' 1 3M AS
'laat'n ist M 6s g.'06 MAS
Fr KlkAM V 1st 6s '33 end
Unst'p'd lat 6a.'33 AAO
Ulln Steel oonr 5b.' 10 JAJ
Debenture 5a. 1 9 1 3 AAO
July 17
Apr.
87*
1,100
'
Curr't Rlv lat 5a.'87
19
190
May
*
14
246
M
S7H8 36* Jan
....100
50
«
.
Joly
1,4-0
(Phlla.)....
"
Calumet A Heola
.... 35
Camb.ateel, $18* oaldreots.fPhlla.) .... 60
Centennial Mining
(Boston).... 25
CoiiHoildated Uh«
(Bait.) ....100
(Phlla.) .,..100
Consoi. Lake Superior
"
Preferred
....100
Dominion Coal
(Boston) .... 1 00
"
Brie Telephone
....100
•78
Lehigh Coal A Narlgatlon. (Phlla.) .... 50
"
....100
5* 6* Marsden Col
"
National Asphalt T
....60
.,
"
Preferred!
.... SO
*9'i
94
94
New Bng. Cotton Yarn, pref. (Boston).. ,,100
"
•185
'136
1B7
187
New Bngland Telephone....
....100
89
"
37
28
28
Old Dominion Copper!..,..,
.... 25
f>*
Philadelphia
Blec!
paid..
(.Phlla.)
6*
594
5
694
37
86
87
'.'ratty Mining
26
(Boston).... 35
118
Onir.mJ Ons Improrement !.. (Phlla.).... 50
116
116
lie
43
48
United Shoe Machinery
41* 43
(Boston) .... 85
37
24
37* 87* Preferred
.... 25
14
"
United States Oil
....25
12* 18* 12
44
46
WelsbaohCo
(Phlla.) ....100
•70
71
70« 7094 Westlngh. Blectrlo A Mf g . (Boston) .... 60
"
81
Preferred
50
8"* 80
aaniS-H 915.1a b 85 15-1B 26 5-16
t Ex rights.
STOCKS-bONDS
Chi
"
H
American Alkali
Preferred, $10 paid
"
.... 60
188* iiiioricun Sugar Refining 1. (Boston).. ..lou
"
'1594
Preferred!
....100
"
164
....100
Amer. Telephone A Tel.Oo..
.
9
Danv Bessemer (Phli) 1*
"
DeLong H & B
10
Dlam State St.. " 10
Dom Iron
I
'
Allones Mlnlng(Bost) 35
Amer. Cement. (Phil) 10
Gold Dredg(Boat) 10
(Phil) 50
Amer. 1. A 8
AmPneumSerr.Bost) 50
"
50
Pref
"
26
Aroadlan. ......
"
36
Arnold Mining.
"
85
Mln'g.
Atlantic
"
35
aaitlo Mining..
(PhU) 60
BethBteel
Boston MleoLt. (Boat) 100
Cambria Iron.. (Ph 111 50
Camb 8 Drere'. reot "
(Bait) 1 00
(Janton oo
Central Oil ....(Boat) 85
5
ConMercur gold "
Onmb Tel A 'lei " 100
30
Daly-West Mlu "
rtn
Domln Coal
•83
l
.
50
Wis Cent, new.(Bost)100
'i
H
Osceola Mining.
West Kud pref.(Bost) 50 118
West Jer AS 8. (Phil) 50 64
WestNTAPa.
21
Pref., asst.pd
308
Jan.
80 388
( Boston) .... 100 135,200
8394 Ai-ialgamated Copper!
"
33
Auier. Agrtcul. Chemloal t..
....100
435
90
85Hi
dBrew
165
169
300
160
27C
"
"
United
70*
80*
made.
251
1'
H *r Kesi
s:.
Miscellaneous Mtocka.
MI8CBLL.—Concluded.
27
Sept.
41
MlnehulASn.(Phll) 50
DnPowA Trans
29*
5« 5*
37* 89
8794
4194
MAT
Maine Central. (Boat)l 00
94
137
•
I.uwt
40
1
.
•135
•»•»• •*....
•Bid ana asked prioec
AH A Charlotte (Bait)
35*
l'.e
43
14
84
187
1
182* 122* 183
117
117
8H
161
163
101
eeo 670
651 685
85
359*
85* 2594
8694
33
30* 3 *
16* a<
64* 88* 63* 63* 61
87* •36
£6* 80* 27
69
6H* 69
68* 69
•41
IS* 44
4494
44*<
43
44* 43* 44
4394
5*
6
37* 39
li
H
e
....
lie
•12}$
5*
•135
39*
26*
ue
lie
•
94
135
65i
61i
3894
81
118
48
88
...
'
•78
73
0*
8*
5*
5*
5*
131
7iHi
87* 93*
23* •33
87* 83
25*
20*
196
168
•180
.
MM
3<>*
87
1
104
780
•193
181
no
an
(Huston)... 100
"
ion on Blerated, fall paid..
....100
"
....100
..hi ou A Lowell
..in, Hi 4 Maine
"
....100
"
....100
hlo. Juno. A Un. Stook Yds.
"
....100
Preferred
171
i
98<*
18896 1239s
tl23 128H 138H 134
117
121
117
11694 17
t is
168
164* 161 163
168* 166
700 700
710 7*6
700 705
188^ 133
io;
180
72
53
umion * Albany
171
inio. nkla. * H. trust oerts. (Phlla.!.... 60
"
65
.... 50
Preferred Tr. oertf,
(Boston)... .100
143* •148 144
oh burn, pref
(Phlla.) .... Su
8494 34*
34V 85 i.ehigb Valley
31
31
34* 84* Massachusetts Kleot. Cob. 1. (Bolton).. .. 100
988
93
"
B8
...100
Preferred 1
23
•28* 24
83
"
....100
Mexican Central
•>)1
•9T M
(Bait.) .... 60
68* Northern Central
•308
300*
ild Colony
(Bo»iou;..,,100
71 5-16 7194
72
(Phlla.)
78* Pennsylvania
50
30 3-16 9-'6
"
o
.... 60
Heading Company
,.
"
5o
87* 87* 37 13-18 7% lit preferred
23i* 85H
887* artv*
"
.... 50
2d preferred
27* 27*4 8i94 87* Seaboard Air Lin*
(Bait.) ,...100
49* 6094 0091 60* Preferred
"
....100
9594 9694
(Boston)
100
989t 97 Hi Union Paoino
87
87* •88
"
89* Preferred
....100
88* 88* 88* 28* Union Traction, »17*pald. (Phlla.)..,. 50
13*
15* is$i United By A Bloc Oo
(Bait.) .... 50
94* 91* •93
(Boaton)
SO
93* vVeit Bind Street.
•54
88*
94
•2" 7
'
37* 87*
50* BOW
97
96
95* 98*
88* 88* 8 '9* nvK
BBN 8»H) 889$ 28%
16* 18%
15* 16
93
93
91* 94*
1«* '«**
94* 94*
08
809, 81
37 9-16 8794
21* 26*
»7« 37*
00* 5'*
OlVtf
98
HO
nay,
306* 206*
73* 7194 78*
. <
•
80*
87«|
i7?t
US
98
73
<,
38* 88 6-18
20* 87*
51* 61*
e»* 99*
•se*
•98
•800 Hi
243
192
193
153
2S*
148* 148* 14SHi 14 * 143* 148* 143* 149*
H5
35
35
81*
33*
US'*
3S»s
85H
35
35
83
36
86
IB* 3f* 36
92
93
03
91
91* 98
68
ea
3994•J9*
24*
8*14
33* 28*
•a i
3494
•51
66
356
171* 171*
193
160
131
•
TH
5H
73*
78
73
74
50
856
843
•156
131*
13"* 180* 180
207
173
•JO 5
171
•840
191
17
107
•180
54*
336
206
857
173
357
•173
•811
•i93
Hange of Sales in 1901.
of the
Week.
Indicates unlisted.
t!
27.
.
Dailv and Yearly Record.
ACTIVE STOCKS.
Friday,
26.
JSe/jt.
655
^» IBBfl J*l>
111*
M*
-est
*Priu« .uclade. overdue
3UPO
• I
II
• •
••
THE CHRONICLE
656
LVol.
LXXI*.
%xMzs\mzn\ ami Railroad QntzllxQzntz.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular work!}' or monthly returns
can be obtained. The first two columns of Ogurea give the gross earnings for the latest week cr month, and the last two
columns the earnings f r the period from July I to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Xollcc Change— Our yearly totals now all date from July 1.
Latest Gross Earning*
BOADS
Current
Week
or
Month
July
Adirondack.. .
Ala dt Southern 3d wkBept
.
Ala Midland.... June
Ala N O <fe Texas Pac Juno
It.'i wkAug
NO A No
1'revious
Year
•
18,351
1,323
I
71,00'.
S
16,210
41,902
76,891
59,000
57,000
26,000
32,000
25,000
31,000
3d wkSept
29,702
32,321
Ann Arbor
7,759
Ann Wa^h& Bal. July
4,911,070 4,258,840
Atcli Top & S Fe. August..
Atlanta & ( liar.. May
216,695 175,755
40,45"
43,665
Atl Knoxv & No. August..
49,050
47,085
Atlanta & WPt.. June
530,551
513,691
Atl Coast Line... July
22,199
17,530
Atl Vaid & West. August..
20,422
12,830
Austin & North w May
July
10,439
9,382
Bait & Ann SL..
>
BaltA Ohio
August.. 4,454,003 4,035,831
B & O Southw. <
108,965 107,901
Bangor & Aroost July
2,353
2,394
Bath & Hamilton July
2,784
4,808
Bellefonte Cent' August.
3,125
3,028
Brldgt & Saeo K. iuly
65,273
51,757
L
Brunsw <fe Wont'n June
Buff R00I1& iiti- 3d wkSept 120,000 115,418
July
62,642
43,219
Buftalo &8usq.
Burl C Bap & No 3d wkSept 104,899 110,0 12
wkSept
762,000
606,000
Canadian Pacific 3d
136,395 154,155
Cent'l of Georgia 3d wkSept
58,418
62,921
CentT New ling.. August
1,574,597 1,572,490
CentT of N Jersey August
1,816,161 1,420,707
Central Pacitlo. May
2,386
2,403
Cent'l Pa & West June
53,801
49,452
Charleston & Sav June
1,7m
1,791
Chattan Soul h'n. 2d wkSept
Chesap&Ohio... 3d wkSept 33/' .» 324,864
805,101
35t>.<fl8
Chic& Alton Ry. August...
1,480,790 3,907,297
Chic Burl & Quin July
3d
wkSept 127,049 125,701
Chic & E Illinois
Chic Gt Western 3d wkSept 142,334 147,498
3d
wkSept
92,358
84,259
ChioInd&L'v...
Chic Milw & 8t P 3d wkSept 938,679 908,466
1,298,425 3,928,360
Chic & North W'n August .
Chic Peo & St L August.
123,975 117,864
StLCh&StP
1,790,858 2,298,928
Chic K I «fc Pac. July
July
847,237 733.425
Chic
31,799
29,368
Chic Term Tr RK 3d wkSept
Choc Okl <& Gulf. •2d wkSept '92,228 *62,731
95,498
86,065
Cln N O & T Pac. 3d wkSept
33.735
31,222
Cin Port8m & Va May
2d
wkSept
404,162 365,721
CI Cin Ch & 8t L.
53,208
47,183
Peoria & East'n 2d wkSept
212,105 189,497
Clev Lor & Wheel August
464,572 391,034
Colorado & South July
10,843
Col Newb & Lau. July
11,762
26.610
18,627
Col Sand & Hock 2d wkSept
35,746
22.058
Cornwall &Leb.. July
83.888
Comberl d Val ej July
83,011
Denver <fe Rio Gr 3d wkSept 256.200 235,600
24,750
Detroit Southern. 3dwk Sept
24,567
63,068
73,744
Det & Mackinac. July
Dal So 8k & Atl.. 2d wk Sept
53,460
50,675
EStL&Carond. August
14,477
13,531
March
Jol
East.
194,451
Elgin
&
158,048
August
1,830,653 3,484,272
Erie
Evansv & Indian 3d wkSept
6,765
7,221
26,120
Evansv & TH... 3d wk Sept
29,536
W. August
12,820
Find Ft
11.380
FtW&DenvCity July
166,146 143,034
FtW&RioGr... 3d wk J'ne
7,939
6,721
August...
Georgia RR.
139,428 127,520
Ga South <fe Fla.. August... 110,262
95,047
OJila Val G & N.. July
27,039
36,049
Gr Trunk System 3d wk Sept 604,280 563,383
IstwkSept
Gr Tr & West'n
98,841
92,495
DetGr H&M.. lstwksept
23,214
22,562
Ala <fe Vleksb'g 4th
Vieksb Sh<fe P. lib
wk Aug
wkAug
,
1
StPM&O
W&
Great North'n—
P Minn & M. August. . 2,455,660 1,862,996
East'nof Minn. August...
496,707 372,772
Montana Cent'l August...
164,930 177,787
Total system. August... 3.117,297 2,413,555
Hocking Valley.. 3d wk Sept 127,430 109,496
Hous & Tex Cent May
364,958 234,320
3,343,434 2,881,721
Illinois Central.. August
Illinois Southern vugust
12,333
12,160
Did Dec & West'n April
51,965
53,410
131.968
Did D1& Iowa... July
93,482
101,019
Int & Gt North'n 3d wk Sept
98,979
Interoc(Mex).... WkSept 7.
72,200
76,800
46,914
Iowa Central.... 3d wkSept
46,488
August
Iron Railway
6,717
4,648
19,844
Kanawha & Mich 3d wkSept
15,627
630,603 432,401
K C Ft Scott & M June
Birni June......
144,379 126,037
Kan City & N W. May
26,735
27,197
351.622 353,933
Kan City South'n July
Lehigh & Hudson August
36,028
40,426
Lehigh Val RR. August
2,445,738 2,313,919
Leh Val Coal Co. August
1,779,025 1,813,505
Lexing & East'n. July
31,497
28,848
Los Angel Term. March
15,301
10,589
Lou Hen & St L.. 4th wkAug
24,725
17,209
Loulsv <te Nashv. 3d wkSept 541,860 527,700
Macon & Blrm. . August .
7,635
8,173
St
KCMemA
.
July
1 to
Latest Hate
Current
Year
*
L8.351
501
1,021,928
298,588
145.911
L40.431
388,1 53
7,759
9,704,573
2,639,235
93,256
740,689
53i
44,373
250,450
10.439
8,504,700
108,965
2,391
9,140
8,628
669,416
1,547,593
62,642
1,250,391
8.131,455
1,566,540
112,750
2,979,334
18,005,906
24,002
750,018
20,171
3,857,950
1,678,276
4,480,790
1,356,710
1,792,420
1,079,427
10,409,133
8,183,070
J'n
1
Latest Gross Earnings
BOADS
10US
Week
Year
8
16,210
442,749
919,651
290, 157
111,019
97,933
349,403
5,527
7,050,891
2,331,628
M5.730
702,472
513,691
32.641
156,004
9,382
7,579,336
107,901
2,353
5,101
3,125
701,110
1,322,877
43,219
1,119,677
6,929,153
1,457,525
123,072
2,881,725
16,936,666
24,430
676,550
21,690
3,537,405
or
Current
Year
Month
1 to Latest
J'ri-nioin
Current
rear
Year
$
Manistiqu«
August...
{Mexican Centra 3d wkeept
Mexican intern'] July
{Mexican Nat'l.. 3d wkSept
Mexican North'n May
{Mexican Ry
Wk Sept 7.
Mexican South'
Minneap .t Ht L.
M St P & 8 St M.
Mo Kan & Texan
Mo Pac & Iron Mi
Central Branch
Total
Mob Jack
<fe
K C.
& Ohio...
NaskOh&8tL..
Nevada Central..
N Y C & Hud Rlv
N Y Ont & West
N Y Susq & West
Norfolk & West'n
Mobile
Mont AMex Gull
Northern Central
North'n Pacific. a
Ohio River
Pacific Coast Co.
Pacitto Mail
Pennsylvania^...
Penn & North w'n
Pere Marquette.
8.135
451,225
132,27
1
43^92
10,178
3, OO
409,045
133 355
56,240
69,800
451.225
1,615,303
77,200
lutwksept
1,498
13,160
3d wk Sept
66,801
66,076
3d wkSept
130,133
86,916
3d wkSepl e334,172 323,470
3d wkSept 050,000 618,000
27,000
20,000
3d wkSept
3d wkSept 670,000 645,000
ad wk Sept
3,335
2,500
August
482,700 465,800
August
132,762 121,656
August
651,020 642,204
July
3.090
2,500
August
6,795,467 5,980,877
August
571,513 526,589
August.....
272,564 234,439
3d wkSept 318,043 310,082
July
656,615 598,515
2d wkSept 917,759 759,122
3d wk July
32,315
32,132
July
456,380 525,872
April
185,475 355,867
July
7,621,895 6,790,095
April
47.384
50,298
2d wkSept 201.198 177,548
July
605,059 519,082
July
971,278 941,778
1
•
Ala Midland.
Bruns &
Wa
16,506
141
820.087
1/23
e 3,603,694
Date
ious
Year
t
20
J. 75
409,042
I
1,691
..o79
81
138,194
-,70
I
9
2,976,413
7,228,000
J, 01
8,307,O0o
392,000
309,000
8,771,745 7,597,939
34,488
30,170
977,600
947,200
234,535
22;
1,273,994 1,25l
2,506
3,096
12,735,503 11,372,272
1.115,041
979,244
420,205
507,465
8,628,416 3,559,191
050,615
598,515
8,517,791 7,304,606
95,250
92,378
456.386
525,872
2,513,761 3,308.378
7,021,895 6,790,095
505,774
569,671
2,018,275 1,780,874
51ft
605,059
941,778
971.278
3,476,934 3.070,950
2,287,107 2,153.646
1,318,301 1,220.075
460,714
475,279
803,611
915,533
600,277
629,580
600,277
August... 2,594,250 2,567,547
August... 2,424,983 2,465,231
August... 5,019,233 5,032,778
85,419
July
84,495
July
50,726
51,784
3d wkSept
10,896
10,766
99,700
3d wk Sept 114,000
August..
125,916 116,821
August.
11,445
10,161
July
21,798
8,122
3d wk8ept 390,624 366,321
3d wkSept 134,275 132,509
August...
184,812 173,838
July
171,933
August. .
106.713 100,947
19,864
17.932
2d wkSept
July
/629,580 /"600.277
2d wkSept 227,302 198,249
3,862
IstwkMay
15,897
16,769
20,617
June
19,951
20,964
August
6,462
5,994
July
57,164
32,983
August
16,865
August
19,381
July
6,632,095 5,786,016
May
20,422
12,830
May
1,816,161 1,420,707
May
681,203 513,016
May
10,386
7,671
May
66,975
48,075
May
14,332
9,846
May
364.958 234,320
May
153,762 107,681
May
705,834 552,843
lay
27,004
22,329
May
272,361 172,980
May
1,752,449 1,390,265
May
420,613 302,565
May
258,925 174,441
3d wkSept 705,446 714,297
August...
144,863 142,248
August...
55,076
43,372
2d wkSept
11,026
10,861
3d wk Sept 207,151 195,291
August
11,000
9,800
50,202
52,625
3d wkSept
3d wkSept
21,034
25,456
46,615
3d wkSept
40,728
August
43,651
29,926
4,833,931
4,317
9,151,420
85,419
51,784
126,227
1,248,200
201,251
22,567
21,798
4,481,722
1,462,025
4,707,295
4,502,233
9,269,528
84,495
50,726
126,863
1,090,900
226,287
19,065
8,122
3.789,029
1,303,646
333,192
629,580
July.
Chas&Sav...
20,142
324,105
Phlla& Erie....
Phila Wilra&B.
Pittsb C C & St L August
1,832,046 1,610,571
Pittsb & West'n June
209,830 216,904
Pittsb CI & Tol June
137,923 119,794
Pittsb Pa & F June
60,453
66,928
1,616,701
Total system... 2d wkSept
83,988
72.001
3,907,297 Plant System—
]
1,220,684
1,605,934
920,838
9,332,448
7,509,923
July
& W.
Sil S Oo & G..
Sav Fla
208.038 Reading Co.—
Phil& Read
2,790,858 2,298,928
Coal&IrCo....
733,425
847,237
Tot both Co's..
320,158 Rich Fr'ksb & P .
363,260
"700,958 Rio Grande Jet..
•1,119,017
1,215,748 1,093,133 Rio Grande So.
329,024 Rio Gr'de West..
360,260
4,108,269 3,544,027 St Jos&GrI
538,793
436,964 StLKen'et&So.
428,873
359,299 StL&NArk
464,572
391,034 St L & San Fran
10,843
11,762 St L Southwest
281,591
222,360 StLVan&TH..
'35,746
22,058 San Ant <fe A P. .
83,888
83,011 San Fran
P..
2,814,411 2,693,953 SFe Pres&Ph...
270,082
240,271 Sav Fla & West..
68,068
73,744 Seaboard Air L.
607.931
599,238 Sher Shrev & So .
26,525
25,254 Sil Sprs O & G .
1,483,362 1,432,497 SoO&GaExt...
7,353.346 6,699,280 So Haven & East.
81,509
82,248 Southern Ind ....
348,783
334,582 So Miss & Ark...
23,802
19,872 So Pacific Co b...
166,146
143,034
Austin & No'n.
649,095
471,098
Cent Pacific...
267,510
249,954
Gal Har & S A.
214,423
194,049
GulfW. T. &P.
27,039
36,049
Hous,E. &W.T.
6,845,136 6,364,574
Hous. & Shrev.
745,856
751,115
Hous&TexCen
226,229
210,704
Louis'a West. .
Morgan's L & T
4,515,848 3,586,395
N Y T & Mex ..
960,237
739,029
Tex&NOrl
320,772
351,980
So Pac of Cal ..
5,796,857 4,677,404
So Pac of Ariz.
1,226,923 1,071,526
So Pac of N
.
4,736,224 3,632,436 Southern Railw'y
6,519,186 5,518,611 Terre
& Ind .
23,376
21,429 Terre H & Peor..
591,677
565,067 Texas Central ...'
131,968
93,482 Texas & Pacific.
915,637
855,793 TexSV&N W..
713,200
724,550 Tol & Ohio Cent
523,305
491,796 Tol P AWest ....
12,731
9,493 TolStL&W
221,578
188,178 Tor Ham & Buff.
6,818,047 5,784,344 Union Pac RR . >
2,042,002 1.703,433
Oreg RR & N \
365,394
360,540
Oreg Sh Line.
351,622
353,933 Wabash
70,368
79.086
Jersey & Sea'e
4,556,593 4,344,025
VCen& Pitt..
3,204.334 3,517,721 Western of Ala .
31,497
28,8 18 Wheel & LE
128,104
91,612 Wisconsin Cent..
122,287
109.422 Wrightsv &T'n..
6,421,640 5,731,020 Yazoo & Miss V.
16,222
15,124
232,767
.
.
&N
.
M
H
W
W
.
-
July
3d wkSept
July
August
June
August...
3d wkSept
July
August..
355,774
171,933
215,995
197,750
7629.580
204,573
190,191
f600,277
354,425
715,295
281,602
216,824
39,353
38,341
6,462
5,994
60,965
104,434
35.186
38,093
6,632,095 5,786,016
156,004
250,450
18,005,906 16,936,666
6,368,279 5,757,303
4,736,224
1,584,956
7,417,109
269,857
2,581,153
17,573,190
4,052,835
2,234,607
7,990.959
271,782
101,066
99,278
2,117,580
21,600
658,976
273,14^
596,846
80,109
3,632,436
1,244,109
6,559,522
277,345
1,739,901
16,121,210
3,435,990
1,845,002
7,541,407
266,949
3,948,692 3,593,103
3,948,692
3,593,103
390,923
465,581
95,563
51,045
207,458
115,833
11,373
350,612
4,375,405
478,081
208.S76
821,088
598,710
1,400,238
8,198
827,473
3,979,872
465,581
191.209
739,745
487,857
1,254,744
11,373
673,323
378,604
478,081
105,784
57,832
314,496
119,000
8,198
417,168
82,751
33,526
1,785,191
18,600
582,926
276,603
471,357
61,562
* Figures from August 1 are for the railroad only.
Covers results on lines directly operated east of Pittsburg.
Includes Chesapeake & Ohio Southwestern, Ohio Valley and Chicago and Texas for both years.
X Mexican currency.
alncludes Paducah & Memphis Division from July 1 in both years.
t> Includes the Houston & Texas Central and its subsidiary lines.
Earnings oi 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 Includes results on Sher. Shrev. & Southern, Mo. Midland and San Antonio extension for this year, but not for last year.
These figures
we tM results on the Ala. Midland, Brunswick & Western, Charleston <fc Savannah, Savannah Fla. & West'n and Silver SpringsfOoala & Gulf.
§
f
September
THE (HKONICLE.
28, 1901.]]
Totals lor FlBcal Year.
In the full page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads.
Latest Gross Earning*.
KOADH.
Period.
Atlanta * Charlotte Air Line
Bellefoute Central
Burlington Cedar Rap. A No
Central of New Jersey
Chloago A North- Western....
Chicago Rock Island A Pao..
Ohio. St. P. Minn. & Omaha.
Apr. 1 to
May
1 to
Auk.
.i.in
8ept2]
Jan. 1 to
Jan. 1 to
J line 1 to
Apr. 1 to
Jan. 1 to
Choctaw Oklahoma * Gulf.. INov. 1 to
Cumberland Valley....
Jan. 1 to
Duluth 8outh Sho. A Atlantic .Ian. 1 to
East St Louis A Carondelet. Jan. 1 to
Ft. Worth & Denver City
Jan. lto
Gila Valley Globe A North'n. Jan.
to
International A Gt North'n. Jan.
to
Lehigh Valley RR
Deo.
to
Lehigh Valley Coal
Deo.
to
Manlstlque
Jan.
to
Mexican Central
Jan.
to
Mexican International
Jan.
to
Mexloan National
Jan.
to
Mexican Railway
Jan.
to
Mexloan Southern
to
Apr.
Missouri Pacltlo
Jan.
to
Central Branch
to
Jan.
Total
Jan.
to
Monterey A Mexican Gulf.... Jan. lto
Northern Central
Jan. 1 to
Ohio River
Jan. 1 to
i
I
B1
81
Aug. 81
Aug. 31
.luls-
31
July 81
Sept. 14
July 81
Sept. 14
Auk. 31
July 31
July 31
Sept. 21
Aug. 31
Aug. 81
Aug. 81
Ourrent
Previous
Tear.
Foot.
430,375
31.637
3,612.327
11 072,9
12.0^6,178
9.115,11*
5.671,735
4,273.387
579.295
1,778.455
105.495
1,186,977
201.587
3.116 241
20,032 181
15,925.329
78.875
M
Sept 21 12469,277
July 31
3.381,363
349,149
29,070
3:15.7,371
10.271.315
11,198.096
7, H' 0,205
5.235,1 47
2.791.734
549,917
1.841.574
106,576
871,427
228.856
2,669 259
18.553,683
13,860,053
85,098
12,542.149
3.081,069
5,598,596
3,173.000
Sept. 21
6.400,407
Sept. 7 2 963 300
Sept. 7
389.628
386.879
Sept. 21 24,305 95>- 121,020 196
983.437
Sept 21
977,311
Sept 21 25,618 696 22,295.998
Aug. 31
909.434
925,350
July 31 4,607.409 4,398,509
July 23
753,104
729,624
Pacltlo Mall
May lto Apr. 30 3,071,166 3,817,620
Pennsylvania
Jan. 1 to July 81 52,452.506 47,611.406
Pennsylvania A Northwes'n. Jan. lto Apr. 30
225,526
227,045
Pere Marquette
Jan. lto Sept 14 6281,941 5,624,718
Philadelphia & Erie
Jan. lto July 31 3,589,775 3,153,591
Phlla. Wllm'g'n A Baltimore. Nov. lto July 31 8,''49,551 8.292.151
Pitts. Clnoln. Chlo. A St. L... Jan. lto Aug. 31 13 227,991 12.460,471
Rio Grande J unction
Deo. lto July 31
351,975
334,985
8t L. Vandalla A Terre H.... Nov. lto Aug. 31 1.667,509 1,587,915
South Haven A Eastern
Jan. lto July 31
30,515
26.981
South. Missouri A Arkansas.. Jan. 1 to Aug. 31
141,569
1 16.34.1
Terre Haute A Indianapolis.. Nov. lto Aug. 31 1.287.832 1,323,793
Terre Haute A Peoria
456.738
Nov. 1 to Aug. 31
393,237
Texas A Pacltlo
Jan. 1 to Sept. 21 7.665,050 6,834,162
West Jersey & Seashore
Jan. lto July 31 1.970,738 1,866,733
2(f
week dj September.
Clev. Cln. Chlo.
A
Latest Gross Earnings by Weeks.— In the table which
we sum up separately the earnings for the latest
week. The table covers the third week of September.
St.
1901.
8
L
Peoria A Eastern
Duluth no. Shore A Atl
Grand Trunk...
404, 1H2
Grand Trunk Western
Det. Gr.Hav. A Mllw. )
Cauawhadii Michigan..
N .rfolk A Westorn.
Northern Paolflo
'•ere Maruuette
r<
A
..
Buffalo Rooh. A PltrsbV
8url. Ced. Rap. A North.
Canadian Pacific
Central of Georgia
Chesapeake & Ohio....
Chioago & East Illinois
Chlo. Great Western
Chlo.Indlan'lls & Loulsv
Chloaeo Mllw. A St. Paul
Oblo. Term. Transfer ..
Cln. N. O.
D»nver
& Texas Pao
.
Rio Grande..
Detroit Southern
Evansv. A Indianapolis.
Evansv. A Terre Haute.
<*
Grand Trunk
)
Grand Trunk Western \
Det Gd. H. A Mllw..)
Hooking Valley
A Gt Northern.
Kanawha A Michigan
Iatern'l
Iowa Central
.
.
Louisville A Nashville...
Menoan Central.........
Mexican National...
Minneapolis A St. Louis
Minn. St. P. A 8. 8te. M..
Mo. Kansas A Texas
Mo. Pacific A Iron Mt
Central Branch
Mob. Jackson A K. City
Norfolk A Western
Rio Grande Southern....
Rio Grande Western
St. Louis A 8an Fran
St Louis Southwestern..
Southern Railway. .....
Texas
A
Pacltlo
Toledo A Ohio Central
Toledo Peoria & West'n.
. .
Tol. St. L.
Wabash.
A West
...
Wisconsin Central
Total (45 roads)
Net Increase (4'46
p. o.)
1900.
Increase.
9
Alabama Gt. Southern.
Aun Arbor
1901.
44.323
29.702
126,666
104,899
762.000
136.395
338,619
127.049
142.334
92.358
938,679
31,799
93.498
256,200
24,750
6,765
26,120
Decrease.
9
41,902
32,321
115.418
110,642
606,000
154.155
324,864
125,701
147.498
84,259
903,466
29,368
86 065
235 600
24,567
2,421
"2,619
ii'.248
"5,743
156.000
17,760
13,755
1,348
"*5,164
8,099
30,213
2.431
9.433
20,600
183
7,2 21
456
29.536
3,416
604,280
563,383
40,897
127,430
101,019
46,914
19,844
541.860
288,574
132,574
66.076
130,133
334,172
650,000
20,000
3,335
318,043
10,896
114.000
390,624
134.275
705.446
207.151
50,202
21.034
46,615
378.604
119,000
109,496
98,979
46.488
15.627
527,700
324,105
133,352
66,801
86,9 6
328,470
618,000
27,000
2,500
316,682
10.766
99,700
366,321
182.509
714,297
195,291
52,625
25.456
40,728
390,923
115,833
17,934
2,040
8.846,257
8,468,531
..
426
4,217
14,160
35,531
778
725
43,217
10,702
32,000
""835
7,000
1,361
130
14,300
24,303
1,766
8,851
"11,860
"2,423
4,422
5,887
12,819
"3,16*7
484,933
377.726
107,207
For the second week of September our final jstatement oovers
56 roads, and shows 11 72 per cent increase in the aggregate
over the same week last year.
2d week of September.
Previously rep'd»37 Fds)
Chattanooga Southern ..
Chic. Term. Transfer ...
Choc Okla. A Gulf
1901.
1900.
$
9
7.523.602
6,794.576
1.794
27.878
62.731
1.791
30.452
92.228
Increase.
9
776,388
2,574
29.497
Decrease.
$
47.362
3
38,11!
591.553
557.228
31
19.844
15,627
831,432
769,122
177,518
4.217
20,001
72,001
11.987
2,785
345 771
11,026
48,486
17.932
198,249
10,861
37,637
U.020.11C
9.863.909
227,30.;
ta (56 -o»ds> ....
1,932
29,
16^
10,849
1.203 51-;
1.156.147
o o.»
17.305
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
once a month in these columns, and the latest statement of
this kind will be found in the Chronicle of Sept. 21,
The next will appear in the issue of Oct. 19, 1901.
1901.
.
—
Gross Earnings.
Ourrent Previous
Year.
Year.
*
—
Net Earnings.
Ourrent
Previous
,
Year.
Year.
Roads.
•
S
•
9
Annap.Wash. ABal.July
7,769
5,527
3,597
1,966
itch. TAB. Fe..b Aug. 4,941,070 4,253,840 12,069,277 tl.526,335
July 1 to Aug. 81.... 9,704,573 7,950,891 t4,062,527 t2,S48,80(}
Baltimore A Annapolis
Short Line
July
10,439
9.382
4,347
4,009
Bun. R. A Plttbs.b. Aug.
July 1 to Aug. 81...,
596,750
1,154,189
500.937
976.624
277,433
539,323
198,844
396,411
Central New Eng. b. Aug.
July 1 to Aug. 31....
58.418
112,750
62,921
123.072
18,429
32,995
13,864
26,387
Cent, of N.Jersey. a. Aug. 1,574,597 1,572,490
Jan. 1 to Aug. 81.... 11,072,951 10,271,315
714,431
4,762,180
675,527
4.116,777
10,269
19,896
def.5,409
def.7,340
def.2.233
def.3.741
Chesap. A Ohio. a.. Aug. 1.499,278 1,364,179
July 1 to Aug. 31.... 2,845,983 2,562,813
129 293
Ohio. Ter. Transf b. June
145,577
July lto Juno 30 ... 1,430,989 l,2b6,961
July
132,947
118.505
466.287
415,767
Oin. N. O. A T. P.a. Aug.
919,233
July 1 to Aug. 31....
837,553
629,228
1,146,586
65,954
692,211
65.865
121.278
577,240
1,092,846
Chattan'ga South. a Aug.
July 1 to Aug. 31
9,156
18,380
.
Aug.
July lto Aug. 31
FlndlayFt.W.AW.b.July
Erie. a
3d week of September.
Decrease.
~9~~
I
865,721
47,1 HI
50,675
917.759
201,198
83.988
898,760
19.861
West
Net Increase (11 72
Increase
53.208
53,460
341,43:1
Pittsburg A Western
S 1/OiilB <*> Ban Fran
Santa Fe Pres. A Phoenix.
Seaboard Air Llue
Texas Central.
Tol. St. L.
I
190O.
i
>
.
follows
657
240,759
3,830,653 3,484,272 1,405,808 1,183,934
7,353,346 6,699,280 2,557,976 2,124,848
10,982
8,492
1,569
723
Gas A Electric Co. of
Bergen County.. Aug.
June 1 to Aug. 31....
24,177
19,260
66,381
52,230
Qeorgla.a
127,520
Aug.
139,428
267,516
July lto Aug. 31
249,954
45S.C08
Hooking Valley. a.. Aug.
393,400
774,822
887,943
July 1 to Aug. 31....
6,717
4,648
Aug.
Iron Railway. b
9,493
12,731
July 1 to Aug. 31
Lehigh Val. RR.a.Aug. 2,445.738 2,313,919
Dec lto Aug. 31. ...20,032,181 18.553,683
Lehigh V.Coal Co.a.Aug. 1,779,025 1,813,505
Deo. 1 to Aug. 31... 15;925,329 13,860.053
54.028
Lom.Hen.ASt.L b..Aug.
66,775
109,422
122,287
July 1 to Aug. 31
Mont. A Mex. Gulf. July
101,773
105,992
776,672
803,694
Jan. 1 to July 31...,
!X
Y. Ont. A West.aAug.
571,513
526,589
1,115,041
979,244
July 1 to Aug. 31
234.439
272,564
N Y. Bus. A West.a. Aug.
420,205
507,465
July lto Aug. 31....
Pitts. C. C. A St.L.a. Aug.
1,832,046 1,610,571
Jan. 1 to Aug. 31... .13,227,991 12,460,471
—
11,509
8.046
29,006
19,739
22,912
20,522
43.395
{46,256
182,338
157,182
352,124
306,075
2,467
2,628
4,852
4,200
526.266
£01,857
3,983,053 2,788,755
def.95,832 df 108,786
df.397 501 df.666,180
22,087
17,456
39.407
35,146
22.444
9,836
202,866
207,965
204,832
217,467
360.206
400,154
108,569
116,210
185,839
242,391
561,601
644,946
3,704,197 3,045,445
;
:
Reading Company—
A Read'g. b. Aug.
July 1 to Aug. 31...
Coal A Iron Co. b. Aug.
July 1 to Aug. 31...
Total both Co.'s.bAug.
July 1 to Aug. 3l
Aug.
Reading Co. b
July i to Aug. 31...
Total allComp's.bAug.
July 1 to Aug. 81...
Rio Grande Junot. July
Deo. lto July 31...,
San Fr. A N. Pao.a.Aug.
July 1 to Aug. 31
Sav. Fla. A West. b. July
July
Texas Central. a
W. Va. C. A Pitts.b.Aug.
July 1 to Aug. 31
Coal Departm't.b. Aug.
July 1 to Aug. 31...
Real Est. Depth. Aug.
July 1 to Aug. 31...
Aug.
Total, b
July 1 to Aug. 31...
Wheel. A L. Erie.... Aug.
July 1 to Aug. 31...,
Phlla.
—
—
96,984
756,812
62,539
110,475
217,975
2.594,250 2,567,547
4,833,931 4,707,295
2,424,983 2,465,231
4,317,489 4,562,233
5.019,233 5,032.778
9.151,420 9,269,528
51,784
351.975
106,713
215.995
•629,580
40,311
105,784
208,876
50,726
334,985
100,947
204,573
•600,277
28,568
95,563
191,209
314,496
598,710
267.468
487,857
1,019,276
1,777,282
237,544
213,502
1,256.820
1,990,784
78,877
161,211
1,335,697
2,151.995
15.535
105.592
42.19090,686
•184,478
14,291
45,465
83,949
41,900
79,180
7,050
18,895
94,415
182,024
97,108
177,504
999,416
1,728,832
226,361
200,223
1.22S.777
1.929,055
21,952
46,706
1.247,729
1,975,761
15,213
100,495
45,301
95,352
•174,386
7,186
41,055
82,322
51,467
103,796
4,890
10,423
97.412
197,041
105.727
171,672
a Net earnings here given are after deduotlng taxes.
b Net earnings here given are before deduotlng taxes.
* These figures inolude. besides the old Savannah Florida A Western,
the Alabama Midland, Brunswick A Western, Charleston & Savannah
THE CHRONICLE.
658
anil
of uhiili
lined Hi' ean
nil
ii
i
»rate
comparison.
ni
mill roninifi amounted to $169,147,
deducting wht.ii net f.>r August. I'iOI. wan
lon.ii'o, itK.'ilDBi *i.361.398.
Prom July i to Angusl 31. 1901,
12, after do'> 4-340.317, again
t*Xf»H and n
rtuctlnu which net whm Jr^.722,209, agsinit %i. 520.593.
allowing' for other Inoome
j From July l to August 31, 1901, not after
win $46,256 aKaluHt $ 13^95.
t
For August, 1901, ihxhh
» K aln«t
i
Interest Charges and Snrplas.—The following roads, Id
addition to their gross and net earnings given in the fore
going, also report oharges for interest, 6tc, with the surplu'
above or deficit below those oharges.
,
r-Bal. of Net Earn':Int., rental; etc.
—
>
,
Kiiplaml Aug.
Aug. 31...
Aug
Hooking Valley
July 1 to Aug. 3
Aug.
Pitts. C. U. & 81
Jan. 1 to Aug. 81
July
1
to
1
Beading—
All companies.. Aug.
July 1 to Aug 31....
.
Bio Grande Junct'n. July
Deo.
1
to July 31
Previous
Ourrent
Previout
Tear.
Tear.
I
Tear.
Tear
9
12.928
25,857
71,433
148.839
297.085
2,463,030
Boats.
Out. New
Ourreni
—
12.42.1
24,856
73.754
146.036
287,318
2,351,235
8C2.000
1,724.000
7,708
61,666
784,861
1.569,722
7,708
7n
22,863
45,726
25,523
51,501
San Fran. & No.Pac. Aug.
July 1 to Aug. 31..
Pitte.1 Aug.
July 1 to Aug. 31...
W. Va. Ceu.A
22.
»
5,501
7,138
•121.010
•225,661
347,861
1,241,167
*84,213
•166,791
274,283
694,210
473,697
427,995
7,827
43,928
19,419
45.044
68.724
131,064
462,868
406.039
7,510
38,829
22 438
49.626
71.889
145,540
61,6ti6
45,542
26,691
50,960
1,439
1,531
After allowing for other Inoome received.
and coal and real estate depart1 Includes operations of railroads
ments.
*
STREET RAILWAYS AND TRACTION COMPANIES.
Street Railway Net Earnings.—The following table gives
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
hat veck, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing rethe returns of Strk.kt railway gross
—
r
and the latest statement of
Chronicle of September 21,
turns,
n the
pear in the issue of October
WeekorMo] Our'm
Tear
Earnings.
R'ys. Co.$.
Bingham to n
August
August
Brtlyn Rap.Tr. Co.
July
American
Chicago
<fc
KR
Mil. Cleo- July
Newp.
& Cov....
July
CityEleo. (Rome.Ga.) July
Cleveland Electric .. August
Cleve. Ely & West... August
August
Cleve. ralnsv. <fe E.
cin.
...
Consol. Trao. (Pitts.) August
Dart.& W'port St.Ry August
August
Denver City Tram..
Det. Roch. Ro. «fe L.O. August...
3d wk sept
Detroit United
Rapid Railway
Total
Duluth-8up. Tract.
?
3d WkSrpt
3d wk Sept
August
Duluth bt. Ry.... S
August
GalveBton City
Harrlsburg Traction. August
Herkimer Mohawk II
lon&F'kfortEl.Ry.
Internat'l Traotion—
May
July....
(Buffalo)
August.
Lehigh Traction
London St. Ry.(Cam) May. ...
Lorain
& Cleveland
July....
Elect. Ry. August.
August.
Mass. Eleo. Co.'s
Montreal Street Ry. August.
Mad. (Wis.)
Ry
NewburgSt. Ry
Muscatine
New
New
Jan. 1
August.
St.
June ...
Castle Traction August
London St. Ry July....
Northern Ohio Traot August.
Ogdeneburg St. Ry.. June...
July....
Olean St. Ry
Philadelphia Comp'y August.
Pottsv'eUnlon Trac. July....
Railways Co.Gen.—
August
August
Roads
Light Co's
Richmond Traction. August.
Sacramento Electric
August.
Gas A- By
St. Louis Transit
Bcranton Railway...
Sionx City Tract
Southern Ohio Tract
Tacoma Ry. & Power
Toledo Rye. & Light.
Toronto Ry.
Twin City Rap. Trail
Union (N. Bedford) .
Union Traotion Co.
(Anderson, Ind)
United Traotion— )
. .
Albany City
August.
August
August.
August.
August
June ...
August.
August
August.
May
August.
J
United Tract. (Pitts.) August
United Tract. (Prov.) August.
Wil.&NcwCastleEleo August
Prev'u*
Year.
to
Latest Date
Ourrent
Previoui
Tear.
Tear.
91,176
21,490
81,813
19,^40
557,949
134,660
1,203,701
1.145.189
7,-67,001
521295
121 935
6,993,344
71,565
442,642
22.65
23,45* 1«.378
88,921
76.6,0 72,704 461,259
3,874
*,447
24.139
209,462 182.940 1,474,0*2 1,330.59
27 307 17,751
158.562 1 2,186
20,770 16 838 105,361
91,689
36i ,3*4 240,935 1,9*7.580 1,862,^1.5
17, .-6
13,887
70,625
82.215
14'i,3^0 124,7
9.-0,892
847,018,i68
13,»49
71.217
38.1-*3
58,609 51.71- 2,028,416 i, 807,49 i
6,552
6,583
65,161 58,298
1
41.469
,766
42,02t
41,965
295,790
li
4,508
35,977
257,272
21,834
4,14fc
231,782
21,768
507,606 241.557 2,123,56'-' 1.462,871
12,2*7 11,743
85,363
76,409
7.345
10.00
12,87i
11,900
H.132
6.775
46.595
7l)5 309 661.107 3,929,712 3.765,983
179.567 173 584 1,2 3,0 9 1,18^9-4
6,184
5,978
46,688
44.401
10,°3b
9.82«
41,783
40,-10
14,409 16,397
87,992
95
11.666 10.3,2
37,153
32,347
67 693 57,954 390,696 325,177
2,257
2,140
8,59:«
8,977
5 954
5,115
29, 07
28 266
172.63b 126.1*9 2,053,949 1,691,522
19,122 17,005
95,42b
79,655
26,57v
1,574
27,136
21.^8-J
18 132
d4,865
509.04?
63, 63
20,944
39.915
45,71111.333
29,601
145,752
13,072
148,757
1,523
136,182
267,961
240,150
3,801,409 2,657,716
438.4H5 402,690
7 o4
18, -lb
138,406
30 201, 2. 8.73b 188,656
25,193 24-1,404 186.664
594.167
153.4s! t38,92: l,0i7,-i92
949,67
283,5-9 254 7o6 2,031771 1,830,377
33,10b 28,710
184,037 168,832
+.-50,771
1
|
l
fl
o7,99:
264,047 169,414
60,391
882,705 886.653
126,875 121,297
182,77b 162,155 1.347,039 1,246,996
284,600 243.432 1,783,179 1,565,160
6,200
46,167i
8.60
30,559
t
The*e are results lor properties owned.
1
Strike In August, 1900.
The next
.
Ourrent
Previous
Tear.
Tear.
9
9
17.751
27,307
158,562
112,186
20,770
16,838
105,361
91,689
13,776
11,743
12,287
76,409
85.363
16.397
14,489
31.972
33,643
21.984
18,132
182,329
197,579
Roads.
Olev. ElyrlaA west Aug.
Jan. 1 to Aug. 31
Olev. Palnesv. * E.Aug.
Jam 1 to Aug. 31
Galveston City Ry.Aug.
Lehigh TractioD .a Aug.
Jam 1 to Aug. 81...
New Castle Tract Aug.
July 1 to Aug. 31
Richmond Tract ion. Aug.
Oct i to Aug. 31
.
—
Net Earnings.—
Ourrent Previous
Tear.
Tear.
9
9
14,935
70,122
11,154
51,768
4,189
7,455
44,664
6,230
15,228
6.'57
73,705
11,013
40,489
11,167
46,881
7,620
38.195
8,542
17.715
7.837
84,901
Haoramento Eleotrio Oas
A Railway Co
Aug.
19,157
29,601
34,865
125.639
240,150
267,964
283,= 89
254.736
161, 55
to Aug. 31.... 2,031.771 1,830,377 1,036,056
15,110
117,606
148,498
955,931
Feb. 1 to Aug. 3i
Twin City Rap. Tr...Aug.
Jam
1
found
will ap-
19, 1901.
— dross Earnings.—*
Interest Charges and Snrplns.— 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.
,—Bai.ofNet Sam's.—
Int., rentals, etc.
Previous
Ourrent
Current
Previous
.
Tear.
8,926
62,583
68.284
558,750
9.812
60,225
86,205
»
Sacramento Electric Gas
& Railway Co
Aug.
Feb. 1 to Aug. 31..
—
9,345
65,414
75,350
585,398
.
TW
<
Mty Rap.Tr.. .Aug.
1 to Aug. 3i
Jam
Tear.
Tear.
S
Tear.
Bonds.
9
9
6,184
55,023
80.214
397,181
500658
ANNUAL REPORTS.
STREET RAILWAYS AND TRACTION COMPANIES.
Lateti Qrott Earnings.
this kind will be
1901.
.
The following table shows the gross earnings for the latest
period of all street railways from whioh we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
for ti<
first two columns of figures give the gross earnings
latest week or month, and the last two columns the earning*
for the calendar year from January 1 to and including such
latest week or month.
OBOSS
[Vol. LXXIII.
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
and Street Railway Supplements.
of the Investors'
This iDdex does not include reports in to-day's Chronicle.
railroads. Etc.—
Page.
443
Alabama Great Southern
American Agricultural Chemical.. 6 4
...
American Shipbuilding. ...
390
American Smelling & Refining .. 652
Ann Arbor
442, 493
Anier. Hule
& Leather, .bal.
sheet,
June 29, 19U1
Boston Electric Light...
Boston & Maine
Buffalo Roch. & Pitts
493
4'3
335
335, 347
1508, 019
Buffalo & Susquehanna
Calumet & Hecla Mining
Canadian Pacific...
335,551,
Chesapeake* Ohio
Burl. & Quincy
Chicago & Eastern llliu lis .. .2*6,
z3.i
5 fi
^09
2-«
652
Chicago Great WfS'ern....493, 551, 56t
All
Cine. In". & Lo .isville
Chicago Mi w. & ^t. Paul
Chicago & Northwestern
Cm.
Cleve.
Chic.
&
St.
550, 6l>2
2(s5,
L
KneRR
Ev
.usvilie
&
5:-2,
6l
Terre Haul-?
612
442
234
390
234
612
International Paper
Kanawha
Long
Michigau
Island..
Lnuisv. fiend. & St. Louis
Louisville & Nashville
Maine Central
44 2
335
44'
Ma' hattan Ky
33-'.
Minneapolis Oeneral Electric
Missouri Kansas
559
492, £06
83*, 394
orgia Southern & Florida
Hocking Val ey
G
291
491, 4
Colorado Fuel* Iron
Colorado & Soul hern.
Dmver & Rio Grande
& Texas
443
C09
Railroads,
Nash. Chat.
&
Etc— (Con.)—
St.
Page.
336
836
443
612
601
441
...492, 602
610
Louis
& Stamping
i\ew Engl »nd Cotton Varn
ew York New Uaven & Hartford
New York Ont. <& West
492,
New York Susoue. & West
Nat.
En
.mel.
Norfolk & Western
Northern Pacific
Nor h Pac— Ut. Nor. Joint bonds
Chic. Bur.
& Q. eollat.. offic
state.
Pacini: Mail Steamship
Penn-ylvania Co
Peoria & Kastern
Republic Ir n & Steel
St. Louis <t San H ranclsco
St .Louis Southwestern
San Irancisco A North. Pacific...
294
234
335
441
£62
235
551
442
444
Southern Indiana. ..
389
s lutbern Ky
286,384, 340
Star. da d Kope&Twine
614
Susquehanna Iron & Steel
444
I'oledo & Ohio Central
234
l". s. Casi Iron Pipe & Foundry.... 336
Wabash Hli
550,667
White r-ass A Yukon
443
j-belby Steel
Tube
Street Railways—
Page.
182
International Traciion of Buflalo. 8i6
Metropolitan Street (-ew York).. 613
Xeff York ,v Queens County
614
Third Avenue KR. (New York).... 552
Toledo Railways & Light
614
Union Traction of Philadelphia... 61s
Union Traction of Pittsburg
89q
united Traction of Albany, etc
6l±
Chicago Union Traction
Illinois Central Railroad.
(Report for the year ended June 30, 1901.)
The annnal report of the directors for the year ending Jane
30, 1901, is given on pages 665 to 672, with balance sheet and
rxhibits. The Yazoo & Miss. Vallty Report is also given on
pages 673 to 675.
Comparative statistics of the operations of the Illinois
Central and the income account, &c, have been compiled for
the Chronicle below
OPEEATIONS.
190001.
1899-00
1898-93.
1897-98.
Miles oper. June 30.
3,996
3,996
3,679
3,808
Equipment —
Locomotives
891
813
763
763
Passenger oars
725
696
653
6il
:
Fi
cars
oars
t-ijjht
Work
Operations —
38,4A8
462
32,969
441
29,903
28,883
335
331
No. of pass, carried. 17.865,439 16.245,007 14, 401, '234
M .of pass.Cdr. 1 ui. 373,91 9,236 305.^43,549 26S.589.994
Rate per pas. p. mile l^bOcts.
2014 ots.
2 021 ots.
Frel'ht (tons) moved 17,735,749 16,020.836 13,517,161
13,772,221
26 i. 336,693
1938
cts.
12.694 058
onemile.4016083602 34257946J8 ^7a99 41184 2722540585
619 ots.
0-650 cts.
Bate per ton p. mile
0-688 ots.
0-695 cts.
"
•'
September
THE CHRONICLE.
28, 1901.
INCOME ACCOIM.
FISCAL KKSULTH.
189900.
1898-99.
$
0,177,654
22,280,420
4,153,893
$
1900-01.
$
Receipts—
Passenger
Freight..
Mall, exp.
7,327.742
24,870.331)
and
4,696,879
uilsoel
$
0,409,588
10,951,844
3,453.8 S
8,103,812
18,918,729
3,295,279
trafflo
36,900,460
32,611,967
13,22
3,675,
11,
Opt ruling expenses —
Maint. of wh\, &C... 5,860,818
Malnt. of equipment. 4,371,212
28,114,690
27,317,820
4,283,497
1,690,115
1,491,781
1,358,980
4,255,22 5
3.182,780
9,975,112
1.892,413
Expen'sofoperatl'ns. 25,841 ,792
(7003)
P. o. of exr- to earns.
Inoome from traffic. 11,058.663
22,819,398
19,562,262
18,655,470
Transportation
General
5.568,697
7l9
796,759
Taxes
IS-'
8^(
3.19VJ37
10 723 848
'
-
(70-12)
(09-58)
9,742,571
8,552,428
(68-2.M
8,062, 3a0
1898-99.
1897-98.
INCOME ACCOUNT.
1399-00.
1900-01.
8,662,350
28.608
8.552.428
2,547,658
33,420
13,563.851
12,181.382
11,133,506
10.8S8.71!)
2,775,925
2,421,090
2,902.465
2.361,874
931.646
506,020
Disbursements—
Int. on 111 .C. bonds.. 2.930.9C5
Rent of OS. L.& NO. 2,421,090
533,913
Rental D. 4 8 O. RR
507.525
Rental 8t. L. A. &T.H.
7,500
Rent of UUhti'dDiv.
145,238
Rent of Peoria Dlv..
Dlvld. on I. C. stock, 3.780,000
Added to lnsur. fund
For lietteinit-nts..... 2,895,4t0
Air brakes. Ac
Pension fund
Total
Balanoe, surplus
:
627,51:8
507,525
45,000
3,300,000
2,416,674
2,i T
,064
59, 05
2.993.54'.
2, 139.6'.
793,453
533, 40o
2,912,500
2,625,000
501,452
829.000
396.C00
1,475.040
250,000
50,000
50,0f0
50,000
50,01)0
13,521,591
"42,260
12,143,782
40,600
11,089,545
43,961
10,861,516
37,203
Bonds drawn
*
$
9,742,571
2,411,721
0,090
Offloe
Total
$
$
Xet receipts$
Operation of railway.ll,058,6«3
2,476,a75
Interest, 40
Land
The surplus dividend fund June
30, 1901, applicable to future divi-
dends was $1,088,487.
GENERAL BALANCE SHEET JUNK
30.
1901.
1900.
1899.
$
$
$
160,065,494
2.498,695
6,10 ',833
38,595,519
147,295,186
341,616
2,727.157
e.,li 2,908
36,209,889
146,264,236
324,444
1,714,074
f.020.889
1.325,099
1,088,487
5,149,857
1,214.621
1,046,227
34,615.239
1,006,756
2,052,090
1,042,294
1,005,627
216,875.881
200,097,461
194,184,086
66,C0\000
Capital stock outstanding
Leased line stock I. CeD.RR. Co. 10,000,000
Funded debt 111. Cen. RR Co.. 112,663,925
60,C 00,000
10,000,000
104,639,925
16,234,000
52,500,000
10.000,000
107,262,925
16,234,000
Assets —
Road
arid
equipment
321,»-64
Real estate
Material and supplies
Stocks owned
Bonds owned
Net assets
Advances
Assets in Insurance fund
Assetsln surplus* divid'ndfund
Assets in pension fund
Total
Liabilities
—
70»,il3
1,728,280
3,820,473
1,980,000
2,960,960
1,325,0; 9
1,088,487
250,000
1,551,415
1,800,000
2,910,960
1,214,621
l,0i6,227
1,500,000
2,860,960
1,092,294
1,005,627
.216,875,881
200,097,461
194,184,086
Louisville division fund
liabilities
Set apart for dividend
Profit and loss
Insurance fund
Surplus dividend fund
..
Pensionfund
Total
—V.
6,!0'J.337
250,000
Fund.debtC St.L.&N.O.RR.Co 16,234,000
652,937
Betterment fund
Net
June
30, 1901.)
:
OPERATIONS AND FISCAL RESULTS.
1899- 00.
190001.
1898-99.
1,476
1,561
403
230
Locomotives
Passenger oars
13,314
tl.187
375
221
13,349)
1,152$
1,445
1897-98.
1,360
355
212
355
212
16.122
14,745
Interest on bonds...
$
11.H42.213
2,826,813
$
$
$
10,095,144
2,681,076
324,678
171.908
129,264
9,062,879
2,422,053
3*2,957
153, ilO
48,541
9,262,998
1,954,861
321,958
133,881
114,853
15,371,542
Total
Expenses 2,217,761
Maint. of way, &c.
Maint. of equipm'f t 2,253,307
Conduoiing transp'n 4,844,375
250.437
General expenses..
401,299
Taxes
13,402,070
12.009,839
11,783,557
1,865,414
1.909.241
4,686,310
1,613,867
1.70-(,2-i7
245,820
3K0.853
4,100,927
385,022
419,321
1,500,418
1,631,488
4,277,4 81
9,967,179
9,037,639
8.077,384
Miscellaneous. ......
Total expenses.
exp. to earn'gs
Net earnings
4,032,612
i.878
3,312,439
3,230,144
i.O:.7
3,148,772
83/
i
122,9
.•'cwoiielev.&sr.shlpB
Dihoount. exeh
,
<feo.
Extraordinary exps.
Miscellaneous.
95.696
65,412
1,304,172
48,843
34V-.884
D-9,427
16d,205
(64-84)
(67-7)
5,404,363
4,314,432
(67-3)
I
572,927
7.982,307
(67-7)
io. 877
35,243
60,081
848.696
15,996
697.726
3,320,481
3,932,455
*Not tnoluding 5,400 cars leased. tThree ciphers (000) omitted,
Also 1 passenger steamer, 4 car floats, 3 ferry boats, 5 tugs, 6 barges.
3,271,368
618.510
706,130
* From the accumulated surplus a dividend of one pe.r cent was paid
in Oot., 1899, and one per oeut in Nov.. 1900, and the, balance at credit
of luooine aocount J a tie 30, 1901, was $1,062,325.— V. 73, p. 609.
Mocking Valley Railway.
( Report for the year ended June 30, 1901. J
The remarks of President N. Monsarrat, as also the balance sheft, income account, etc., will be found in full on
pages 675 and 676.
Various operating statistics of interest follow:
OPERATIONS AND FISCAL RESULTS.
Opermtiona—
1900 01.
1899-00.
Passengers oarried
Passengers carried one mile
Aver, receipts per passenger per mile
Tons of freight carried
Tons of freight carried one mile
Average reoeipts per ton per mile
Earnings—
2,044,306
32.307,033
2
08
0442
Ooal
Freight
Passenger
Mall
Express
Miscellaneous
Total
Expenses—
Maintenance of way, etc
Maintenance of equipment.
Conducting transportation
General
Taxes
Total
Per cent of expenses to earnings
Net earnings
1,538.967
32.993.322
1-86 ots.
6.691,394
ots.
6,756,611
833,528,763
ots.
805,317,681
0-448 cts.
$2,161,975
1,525,056
682,283
40,639
34,529
208,716
$2,042,722
1,564,654
623,361
40,691
30.121
115,718
$4,653,258
$4,417,267
516,802
747,463
1,284,291
106,946
129,783
454,245
624,547
1,344,431
102,5 '.8
115,467
$2,785,: 85
$2,641,208
(59-86)
(59-79)
1,867,973
1.776,059
INCOME ACCOUNT.
1900-01.
Net earnings
Inoome from securities
Net inoome subsidiary companies
Miscellaneous income
Total Inoome
Deduct—
Interest on funded debt
Interest on unfunded debt
Lease rentals
Dividends on oomtnon stock
Dividends on preferred stock
Net defioit— subsidiary companies
Total
Balance, surplus
Assets—
owned
Individuals and companies
Miscellaneous
Total
Liabilities
—
Stock, common
Stock, preferred
owned— per contra.
Individuals and companies.
Interest due and unpaid....
Dividends...
Bills receivable, discounted.
Securities
Accrued interest
Miscellaneous.
and
loss
Total
-V.
1899-00.
$1,867,973
252,177
211,197
10,710
$1,776,059
108.199
187,190
$2,342,056
$2,071,448
$819,764
62,042
24,428
(Ha) 156,324
$807,369
611
12,208
(4)560 000
1 1,645
(3»a)4 36',6o6
$1,704,203
$637,853
$1,332,899
$738,549
82,711
30.
1901.
$30,417, 80
11,801,253
1900.
$30,162,776
12,210,436
413,082
212,302
703,650
959,912
828.409
243,625
270,546
563,844
132,498
612,756
1,732,750
$45,579,613
$45,685,606
$10,421,625
14,000,000
15,722.000
1,634,290
46.325
311,527
250,290
436,324
800,000
105,407
272,178
1,579,647
$10,421,625
14,000,000
$45,579,613
$45,635,608
15,19*, 000
2,336,831
l,o47,625
535,270
212,624
280,000
119,407
300,241
938,983
73, p. 234. 236.
Atchison Topeka
& Santa Fe Railway.
( Statement for the year ending June 30, 1901. J
The following is a statement for three years past:
1900-91.
1899 00.
1S98 99.
Average miles operated...
.13
7.
7,307
Gross earnings
$40.
$46,232,079
$54,474,823
Operating expenses
27,60t
27,521,500
32,262,915
Net earnings
Taxes and rentals
$18,710,
$12,900
1,669,210
Income from opera'nB.$20,)7l,449
Other income
c
332,
$16,?84,2S6
611,237,607
249,435
Total net Inoome
Fixed charges
$17,151,106
7,411 801
$22,211,878
2,040,429
.">
$20,504,005
8.029,476
.320
Balance.
$9,739,305
$12,474,529
Dividend on preferred. (5%)$
08,690 (2^)*j,13'J,566
Dividend on common (1 V6> 1.529,33
.
3,806,2
352
102,244
ill
3,654,917
807,886
4,8*>6,562
Total
Surplus*
Profit
2,630,574
2,536.519
2,211.531
1,925.502
Pass, carried l mile.l 42,494,4 88 135,852,014 130,190,058 100,592,358
1-984
1-973
1
943 cts
ots.
ots.
l-8£0
ots.
Rate per pass, per m.
7,806,914
9,746,840
8,130,661
Freight (tone) oarr'd 10,125,497
Freight (tons) 1 m.. f 3.051, 175 t2,946,894 t2.o( 6,145 12,513,221
362 ots. 0-370 Ots.
0o43 ots.
388 Ots.
Rate per ton per m.
Passenger
Mail
Express
4,462,(03
Mortgage bonds
Cartrust obligations
Operations—
Passengers carried.
Earnings—
5,551
Bills receivable
of President Stevens at length, together with
the balance sheet and income account in detail, are published
on pages 677 to 680.
The statistical tables for four years, compiled in the usual
complete form for the Chronicle, are given below
Freight
"0,157
Cash for construction and equipment
Material and supplies
Cash (Inol. in transit and wijh agents)
Railway.
The remarks
Freight cars
Main. of way oars
9*.
I
Rentals
Securities
& Ohio
( Report j'or the year ending
o.
al
M,
148,371
Road and equipment
Chesapeake
P.
Other lEoome
1801
-'.455
5,404,363
149,925
Net earnings
i-oo
$
4,314.432
BALANCE SHEET JUNE
73, p. 391, 287.
Miles oper. June 30.
Equip' t. owned'—
•
Ptilnct
receipts from
Grot*s
1900-01.
1897-98.
$11.1-
$4,187,993
(1)$1,141,657
. .
Surplus
-V.
73, p. 183.
$5,236,506
$6,599,739
$3,046,341
THE CHRONICLE.
660
$303,069.
St. Mary's Branch.— The property formerly known as the Columbus Northwestern Ky. (8t. Marj's branoh) was purchased and taken
over March 1, 1901. Under the terms of purchase the, former owners
were to receive $125,000 out of $500,000 llrst mortgage r-O-year gold
bonds to be issued on the branch and $500,000 50-year 4 per cent
non cumulative income bonds, $75,000 of the first mortgage bonds
being retained In the treasury of this company for the benefit of the
newly-acquired property.
:
Net earnings
Other Income
Total net Income
Fixed charges
Dividends
1898-99.
$168,085
$562,143
$264,716
(4)200,000
«S4r8,085
$200,290
(4) 200.000
$97,427
$61,795
1897-98-
$902,304 $820,384
556,492
562,095
$1,226,150
758,065
$559,281
2,862
Balance, surplus
—V.
1899 00.
1900-01.
$1,419,116
859,835
$340,209
$263,892
1,565
$341,774
$201,970
$263,802
$162,936
$136,804
$100,956
72, p. 722.
Kanawha & Michigan Railway.
(Report jor year ended June uO, 1001.)
President N. Monsarrat says in substance:
The company's operations show a substantial increase as compared
with the previous fiscal year. The trailio, especially In the movement
of ooal and ooke (many new developments in these Industries having
been made within a recent period), has increased to such an extent
that It has become absolutely necessary to Improve the condition of
the line. With this end in view, the directors, in January, 1901, authorized the expenditure of not exceeding $100,000 for the permanent
Improvement of bridges and trestles, for ballasting, heavier steel rails,
additional passing sidings, gathering yard at Quinc.v West Va., and
for machine shops, the amount to be borrowed ou the company's notes
bearing interest at the rate of 5 per cent per annum, payable semiannually. Up to the close of the fiscal year, June 30, 1901, a loan
had been contracted for $160,000, as a part of this fund. It is believer! that when these improvements are oompleted their benefit will
be reflected In the company's earnings, both gross and net.
The new track connection with the (Hooking Valley Railway at
Athens has enabled your company to Increase its ooal traffio very considerably. The entire cost of the additional equipment acquired during the fiscal year was charged to operating expenses, through the renewal reserve fund.
The total freight traffic in 1900-01 was 1 417,319 tons,
against 1,161,013 in 1899-00, bituminous coal supplying 863,127 and 691,823 tons respectively, and lumber and ties
232,713, against 185,133 tons. Tons of freight carried one
mile 153,995,690, against 132,955,260 in 1899-00; average
tons per freight train mile 343, against 346; average amount
received per ton per mile, *475 cents, against 447 cents; gross
earnings per freight train mile, $1 64, against $1 55. Average
receipts per passenger per mile, 2 37 cents, against 239 cents.
Earnings, Etc. The annual figures compare as follows:
.
-
—
BARKINGS, EXPENSES AND CHARGES.
1900-01. 1899 00. 1898-99. £1897-98.
Earnings—
$
Passenger earnings
$
162,152 136,598
733,503 595,935
18,986
19,087
3,576
1,550
6,000
6,306
Fiehht
Mall and express
Other items
Rentals, traoks, yards, eto
Total gross
924,624
—
759,089
a
116,146
477,907
18,937
106,677
409,547
18,972
21,074
23,147
634,064
558,343
Expenses
The
tonnage in 1900-01 was 8,392,021, against 3,097,of these amounts bituminous coal supplied
1,293,773 an^l 2,115,883 tons, respectively.
Average train
total
216 in 1899-00;
load, 367 tons, against 359 in 1899-09; earnings per freighttrain load, $1 66, against $1 58.
Statistics.— Following are comparative tables for four years:
OPERATIONS, EARNINGS, EXPENSES AND CHARGES.
1900-01.
Miles oper. Jane 30.
Operations—
No. of pass, carried.
way and structures
Maintenance of equipment
Conducting transportation
General expenses
168,845
146,680
357,407
24,392
155,892
107.4H2
300,768
17,881
122,784
63,325
264,775
15,304
102,757
51,268
238,240
13,824
697,324
227,300
6,800
582,023
177,046
6,800
466,188
167,876
406,089
152,254
234,100
98,760
29,949
30,344
183,846
98,760
10,831
21,377
167,876
98,760
8,768
25,182
Net
Miscellaneous Income
Total lnoome
Interest on funded debt
Other interest
Taxes
189
Miscellaneous
505
Total
Balance, surplus
159,053
75,047
130,968
52,878
CONDENSED BALANCE SHEET JUNE
1901.
Assets—
Road, &c
.
Earnings—
1901.
9,817
1,401
Capital stock..
78*.99 I
8,000,000
37,013
Mortgage debt
.10,000,000
2,469,000
Car trust notes
.
.
3<!7,745
Unpaid wages
33,'35
1.254
2,0*0
224,19i
Drafts in transit.
9.469
762
64,869
Cuu pon
13,282,363 13,817,901
interest.
Roads, indiv.&cos
Bills payable
Accrued Interest..
Accrued taxes ...
Reserve funds
&
Bett.
Profit
-V. 73,
$
9,2il6,300
19,716
4,106
3.370
eq. loan..,
loss ....
and
Total
188,149
14,294
'24.690
7.902
26.401
160,000
6,162
1900.
C
10,000,000
2,469,000
417,841
25,069
2,372
J,s00
233,928
$
& miscel.
410.253
1,811,042
147.676
367,191
1,362,416
168,260
354,828
1,275,499
149,287
Gross earns. from op.
2,571,722
2,368,971
1,897,867
1,779,614
363,032
465,963
957,835
64,310
85,498
277,618
361,912
836,204
60,335
86,651
247,303
228,719
769,895
50,536
88,823
236,638
200,340
757,999
50,719
78,766
1,936,633
1,622,720
1,385.276
1.324,462
Expenses—
Wa\ and structures.
Main, of equipment.
Transportation
General
Taxes
Oper.exp.
<fc
taxes.
P.c. of op.ex. to earn.
13,282,362 13,217,901
p. 234.
Net earnings
Other income
Total
Deduct—
Interest on bonds ..
Int. on car trusts...
Miscellaneous
Total
Balance
sur.
&
Ohio Central Railway.
( Report for the year ended June 30, 1901.)
stated
last week, Mr. N. Monsarrat has succeeded Mr.
As
Axtell as President of the company, In the report Mr. Axtell, as President, says in substance:
General Results.— In the gross and net earnings [as below] are included ihe operations of the newlv-acquired St. Mary's Branch,
extending from Peoria, O., to St. Mary's, O., 5836 miles, for four
months, March 1 to June 30, 1901, inolusive, namely: Gross earnings
$24.12C operating expenses and raxe», $21,656; net earnings, $2,4«4!
Omitting the operations of the St. Mary's branch, the results for the
fiscal year, as compart d with the previous fiscal year, show: Increase
In gross earnings, $178,6 £9; increase in operating expensea and taxes,
(68-56)
AssetsCost of road
& equip.
Equip. & bett. loan..
K & M. Ry. see contra
.
Profit
and loss, def
Liabilities
512,591
24,854
455.152
10,255
642,513
759,440
537,445
465,407
380,667
35,748
15,743
372,745
17,130
8,009
350,000
20,350
38,783
350,000
14,318
21,452
432,158
397,884
210,355 sur. 361,556
1901.
1900.
$
$
590,000
74,490
81,377
303,069
2,469,000
Stock, common
Stock, preferred
Bonos (see Inv. Sup.)
Car trusts
and accts. payable, wages, etc...
Int. coup , div., etc.
Spec-q. Abetter.l'n.
sur.
409,133
385,770
128,312 sur. 79,637
30.
1899.
1898.
14,445,895
575,618
3,235,286
186,573
14,868,413
389,139
3,401,139
83,939
15,108,562
441,769
3,404,229
92,776
84,537
10,543
9,788
79,769
79,593
79,045
$
100,529
.
—
(74-42)
746,251
13,189
16,594,405
Bills &accts rec.,&c
782,064
Securities owned
3,306,589
Materials & supplies
154,958
St. Mary's Branch,
bonds in trust
Cash
Cash with Trust Co.
(72-99)
635,089
7,424
BALANCE SHEET JUNE
24,355,961
18,708,207
18,832,766
19,136,165
6,500,000
3,708,000
8,500,000
1,091,249
6,500,000
3,708,000
7,500,000
259,772
6,500,000
3,708,000
7,000,000
383,152
6,500,000
3,708,000
7,000,000
186,775
535,020
149,037
711,880
614.317
126,118
1,024,268
138,073
1,046,670
131,921
79,273
562,799
18,832,766
19,136,165
Bills
Endorser's liability,
K. & M. Ry. i st M.
Mary's Br. bonds
Income account
St.
—
2,469,000
590,000
101,844
Total liabilities.... 24,355,961
V. 73, p. 617.
18,703,207
Detroit & Mackinac Railway.
the year ending June 30, 1901.
advance statement to us gives the earnings,
(For
An
etc., as
follOW8
190001.
1899-00.
189899.
Expenses and taxes
$865,747
615,160
$833,619
580,155
$601,441
410,651
Net earnings
$250,587
$253,464
$190,790
122,000
12,143
122,000
118,160
$134,143
$147,303
$131,269
Gross earnings
Deduct—
Interest on funded debt
Miscellaneous
Toledo
(75-30)
is^s
24.690
6,35*
23,659
189798.
371
371
436,050
1,980,180
155,492
Freight
Mail, exp's
30.
.Liabilities—
.
and companies..
Unexpired insur..
Proat and loss....
133,215
84,661
1900.
$
9,389,803
Equipment
779,338
Securities owned.. 8,000,000
Material and sup..
06,865
Cash, cash for coupons, &c
24,310
Agents and cond..
7,404
U. S. P. O. Dept
3.366
Koads, individuals
Total
152,443
98,760
17,789
2i,eoo
1898-99.
371
751,151
22,463,143
Passenger
Total assets
Total
1899-00.
429
722,135
615,945
622,781
22,815.590 19,959.330 19,161,467
1-798 cts.
1-840 cts.
1 941 cts.
1-852 cts.
Tons moved
3,392.021
3,097,116
2,432,906
2,127,484
Tons moved 1 mile.. 436,923,212 410,801,295 310,7.*9,849 273[244|489
Rate per ton per m. 0453 ots.
0441 cts. 0-43 4 cts.
0467 Ots.
m
m
No. of pass. car. 1
Rate per pas s.per
for div's, etc
Maint. of
LXXH1.
and betterment loan was contracted, amounting to $71 1 ,880. Of this
there remained on hand unexpended at the close of the fiscal year
Indiana Illinois & Iowa KK.
(Statement Jor the year ending June 30, 190 1. J
The report for the year ending June 80 shows
Gross earnings
Operating expenses
[Vol.
Total
Balance
-V.
sur.$ L6.444 sr.$13 1,464 eur.$72,630
71, p. 1219.
Chicago & Eastern Illinois Railroad.
(Report for the year ending June 30, 1901.
The usual comparative tables of earnings and balance
sheet were given in the Chronicle Sept. 14, page 552.
President M. J. Carpenter says in substance:
Traffic —The gross receipts from traffic, as compared with
the previous year, increased 9-92 percent; the net receipts
from traffic increased 4-93 per cent.
The number of tons
$292,256; decrease in net earnings, $113,627. Tne large increase in
operating expenses and the consequent decrease in net earnings were carried one mile increased 7 84 per cent and the average
due to the Increased expenditures for maintenance of way and main- rate received per ton per mile was 4-93 mills, against 4'83
tenance of equipment, a large reserve fund for depreciation of equip- mills last year. Freight
train miles increased 3*23 per cent.
ment being included in operating expenses.
Ntw Equipment, Etc.— During the fiscal year there were added to The receipts per freight train mile this year were $2 40
;
the equipment 1,813 40- ton coal cars out of a total of 2,500 purchased
under oar-trust ooutracts, and the cost of the same was ohargtd to
capital account under the designation "rolling equipment." The cost
of other additions to equipment was charged to operating expenses
through the renewal reserve fund. As a fund for the cost of additions to the property, lnoluding new equipment, a epeoial
equipment
against 52 25 in 1899-1900, increase 6'7 per cent. Average
train-load of revenue freight 487 4 tons, increase 4*46 per
cent; of all freight 512-5 tons, increase 4'2L per cent.
Additional Mileage.—The extension from Joppa Junction,
near Cypress, 111., to Joppa, 111., referred to in the last an-
September
28,
THE CHRONlCLfe.
1901.]
nnal report, waa completed and pat iu operation in DecemThe directors February, 1897, authorized the
ber, 1900.
construction of a branch line from the main line near Ci-miia
Junction, 111., eastward to a connection with the Brazil Di
vision, a distance of about 22 miles, the first 11 miles of
which is now being constructed under the name of the "Mil
ford Branch."
Capital Stock.— "So additional stock has been issued during
the year, but §1,000.000 of preferred and $1,000,000 of common stock were sold from the amount held in the treasury.
Funded Debt.— The funded debt has been increased $957.
by the issue of that amount of general consolidated aii'l first
mortgage 5 per cent bonds on account of new road constructed and equipment purchased as follows: J oppa June,
tion, 111., to Joppa, 111., 10*07 miles at, $18,000 per mile, $289,
000; equipment, $$668,000.
Capital Expenditures.— The "cost of road and equipment"
has increased during the year $1,903,887, of which the principal items are as follows:
>
i
New equipment
Leas:
-
— Premium on
Amount
securities sold
oharged off for depreciation
$1,548,100
$113,713
66,793
180, r>00
$1,367,594
79,948
Completion of Thebes Extension
302,743
Joppa Branch
149,840
New terminals at Dolton Junction, making $291,671 to date
In addition to the above, the following expenditures, aggregating $2=10,452, have been inide for new construction and
permanent betterments, which have been charged to "Income Account" for the current year:
Additional slde-traoks (12-3 4mlles). $110,389; Interlocking and signal
$3'*,n88*
Slants. $11,659; substitution of heavy for light steel in track,
ridges, $10,642; stations, warehouses, ooal chutes, water stations
ani other construction, $78,074.
Equipment.— During the fiscal year five heavy passenger
engines and eleven heavy freight engines have been rectived;
seven old engines of light weight have been sold or scrapped.
New cars have been received and paid for, as follows 8
chair cars; 10 caboose cars; 500 box cars; 1,500 coal cars.
One steel coil car was built at the company's shops. In ad
dition the river steamer "Condor," six barges and a floating
pile driver were bought and paid for, and the cost included
(J(J1
Heal Estatb Department.— On the ;i >th of Jane, 1900, the »
res of coal, tlui'irr and other land! ami leased
pauy owned 6
1.764 acres. During the year there have been p
,00
acres additional or ooal and Umber lends. The eom Deny theref.
ioo.ooo
seres of these lends, it hss also 750 dwell
now owns over
houses for Us miners and oilier emp
lie from the
derived
principally from royalties from oosl and
department
estate
administration,
llmlier leases, after paying the taxes and ex
wan $loi',743. Real estate, largely coal lauds, purchased UurluK the
,
1
,
Increase op Capital Stock.—Toe charter .if the
was
before
granted by ;i special Act of the Legislature of
the passage of the (leueril Iuc >rporat!->u Aot, end oon
powers end privileges The outstanding oepltel itook 1* now $io,il Act
000,000. At the la^t session of the legislature
was
passed authorizing the Inorease of the oapltal an the aireotors end
stockholders may determine from time to time to $25,000,
1
1
i
Statistics— Operations, earnings, charges,
new equipment.
( Report for fiscal year ending June 30, 1901. J
President H. G. Davis says:
General Remarks.— The twelve months ending June 30, 1901, was
the first full year of the company in all its present departments, and
no complete comparison can be made with previous years. The net
were $867,572, being $366,443 inexoess of the preceding year.
This increase was largely in the ooal and real estate departments, as
their operations covered only six months of the fiscal year of 1900.
The railway department, however, shows a gain In net profits of
$112,21*4. A portion of this Is due to the policy put in praotice during
the year of making the ooal department bear a fair proportion of the
interest oharge on the bonded debt.
A gratifying increase In passenger traffio yielded a gain of $39,697
While thetonniige in ooal and ooke
(gross), or nearly 3U per cent.
was less than in the year before, the revenue, owing to the more stable
conditions and better rates, increased $47,932 (gross), or 10 per cent.
The coal and coke traffic constituted 79 per oent of the tonnage and
produced 55 per cent of the freight revenue. [The amonntof ooal transported in 1900 01 was 1,436,872 tons, against 1,480,688 tons in 1899In new railway
00; ooke, 218, 36 tons, against 315,206 tons].
equipment $120,324 was spent [also for other additions and improvements in railway department $84,436] and for floating equipment $42,872. The company now owns 41 locomotives, 2,325 oars, 3
barges and 2 schooners.
For repairs to the track there were used 79,711 cross ties. 19,597
oubio yards of stone ballast and 750 car-loads of cinders. During the
year 12'9 mileB of 85 pound steel rails were laid in main track, replacing 70-pound rail, making a continuous track for 42 miles from
profits
1
Cumberland of 85-pound rail.
Coal & Iron Railway.—The work of construction on this line Is
going steadily forward, and It is expected that early in he coming
year the long-desired connection will be made with the Chesapeake <£
1900-01.
1899-00.
1898-99.
2.289,140
2,464,471
2,112,218
132,170.175 145.302,422 124,367,110
0*679 ots.
579 ots.
0558 cU.
343,092
278, 847
Passengers carried, No
6.342,562
4,865,003
Passengers carried one mile...
3,710,152
2*775 ots.
2*81 ots.
rate per mile
do
240 ots.
initiations-
Tons carried (revenue).
onemile
«lo
do
Revenue per ton per mile
,
Earnings —
$178,171
378,376
608,376
14,284
11,555
91,419
$138,473
380.:. 37
460,144
14.291
8,715
105,933
$105,514
331,328
363.045
13,798
7,538
98,050
$1,182,181
L,108,392
$919,273
Maint. of way and structures.
Maintenance of equipment
Conducting transportation....
Oar mileage, general, eto
Taxes
$224,109
161,102
246,818
81,037
35,191
$178,737
179,081
246,^92
67,195
39,605
$138,156
158.992
205,694
61,818
29,188
Total operating expenses
exp. to earnings...
Net earnings from traffio
$748,257
$701,310
$593,848
(63*294)
(63*028)
(63*237)
$407,082
$325,425
1900-01.
$433,924
X126.745
44,005
1899 00.
$407,083
201,701
54,501
$263,174
$150,881
$503,656
100,742
$6,110
69,815
*236,017
*38,307
$867,572
$501,129
$232,393
163.197
$57,241
145,292
(3*2)300,000
109,601
(2*8)205,000
10,000
$855,191
$12,381
$417,532
$83,597
Passengers
Miscellaneous freight.
Coal and ooke freight.
Mall service
Express
Car mileage, eto
Total
Expenses—
. .
P. o. of op.
$433,924
IHCOME ACCOUNT.
Net earnings from
Ohio Ry.
Coal Department.— The total production of the mines of the oompany (which includes one mine off the line of he load) was 1,544,286
gross tons; total sales, 1,608,397 tons. The company's ovens produced 149,258 tons of ooke; total sales, 183,927 tons. The net profits
of the ooal department from all sources were $503,655. During a
portion of the flsoal year the coal and coke trad-> was satisfactory, but
for a large part of the time it was dull and dispirited. The company
could have added considerably to the volume of its business during
the year, and especially in ooke, if it had been inclined to renew contracts at prices it considered unsatisfactory.
From the profits of the ooal department there were expended during
the year for opening new mines, constructing ovens, installing
machinery, etc., $147,957, and for additional barges for New England
trade $42,872. There was also expended in the nature of new work
and charged to operating expenses of the mines the sum of $i7,552.
The oompany is now prepared to produce 7,000 tons of ooal and
1,000 tons of coke daily. When tbe new work under way is finished
In view of
It will inorease the coal capacity to 10, 00 tons per day.
the very large amount of coal accessible to the plants now completed,
and the Henry Shaft under construction, it will probably not be
necessary to make any further expenditures of an extraordinary
character for a great many years. The General Manager estimates
that the entire mining operations of the oompany now complete and
under construction will command a territory of 32,i 00 ucri-M of surface measurement. The veins lying one above the other aggregate
48,6uO acres of coal, and ooutaln 305,150,000 tons, of which 219,600,000 tons are coking coal.
The organization of the Davis Coal Coke Co. has been maintained
as a medium through which to market the company's produots.
Developments at Henry.— Looking to an inorease of the company's business Uejond the ordinary production of Its present mines,
it was decided to create another minli g seotlon along the line ot the
point ten miles north of Thomat was selected. This field of
road.
at least 10.000 aores contains 100,0u0,0o0 tons of accessible merchantable coal. An air shaft is being sunk and Is now to the depth of
350 feet. The Thomas or Freepnrt vein of coal was reached at a distance of 221 feet and about 200 feet below that Is the Davis or Kittanning vein. It is expected that this shaft will be finished to the
Davis vein by the middle of September, and the main holttlng* shaft
&
be commenced.
traffio.
Deduot— Interest
Rental leased road
Income from railway operations.
—
Elk Garden mines
Coal department (Davis C. & O. Co.)
Real estate dept. (Davis C. & C. Co.)
Total net Income for the year
Deduct dividends, etc. —
Betterments
Equipment
Dividends
Other charges
Total
Balance surplus for year.
•
6 months.
x The balance
of Interest
payment on bonded indebtedness was
charged to the ooal department as
See "general remarks" above.
its fair
proportion of the expense.
condensed balance sheet JULY
Assets—
1901.
Real estate, embracing in 1901,
103,*52 aores of ooal, iron ore,
timber, land and mineral rights. 8,570,396
RR. oon., 2d track, tmlidg's, etc... 3,094,712
Piedmont & Cumber., etc, stock..
650,525
Equipment, eto
1,750,192
Coke ovens
181,823
Mining plants
489.970
Materials, supplies, eto
317,444
Accounts receivable, eto
713,918
Cash
244,611
stock
.
mortgage bonds
Coupons payable July
1
Bills payable
Accounts payable
Profit and loss
—
Total
V. 73, p. 392.
1899.
$
5,968,965
2,807,830
16,013,592
15,*;88,452
10,601,193
10,000,000
3,250,000
97,750
190.000
542,963
1,932,879
10,000,OCO
3,250,000
6,000.000
3,250,000
97,300
135.000
.16.013,592
15,588,452
Liabilities —
First
1.
1900.
8,460,795
2,979,992
629,600
1,586,995
171,794
382,325
209,717
1,001,765
165,468
Total
i
will then
have been
Other income
Miscellaneous sources
West Virginia Central & Pittsburg Railway.
A
etc.,
as follows:
:
in
I
1
year cost 9100.001.
Dominion Iron &
{Report of June
97,-130
295,000
680,815
1,365,307
1,430,803
40,154
116,744
121.072
115,630
17*1,220
946,678
10,601,193
Steel Co.
1,
1901.
of June 1 President Whitney says:
The work of construction has been rapidly pushed the past year.
Two of the furnaces are finished and are now producing iron of satis-
Under date
factory quality. Investigations by drilling at Bell Island have revealed the fact that the quality of ore actually there is more, rather
than less, than the original estimate. There has been expended, up
to the present time, including the sum paid for the purchase and
equipment of the Bell Island ore uroperty, the sum of $9,5 71,054, viz.:
Bell Island and equip.. $1,185,000 Maohineshop.tools.etc
$355,u00
Limestone quarries and
223,000
Eleotrlo plant
equipment
205,000 Real estate and buildFurnaces
287.000
ings
2,300,000
Coke ovens
2*7,000
1,580,000 Sundries
-.06,000
steel plant
1,050,000 Engineering
Waterworks
412,000 Administrative ex-
Sewers
51,000
penses
224,000
Wharves and ore han730,000
520,000
dllnK plant
Railway and equip
Total
$9,575,000
J. Moxham says in substance:
our blast furnaces are now in operation aud the other two
so near completion that heir operation will not be long delayed. The
400 ooke ovens are completed. The blooming mill has most of the
machinery in place and everything needed to complete It Is on the
ground. The open-hearth plant Is being energetically pushed by the
contractors, and at the present rate of progress will be oouipieted dur-
General Manager A.
Two of
1
THE CHRONICLE,
602
lnK the early fall. On the whole while the delay ha» been vexatious It
has not equaled the delays that have been koIhk <>n all through the
States during the same time. The piers and BaloadlBg plants are
practically OOmpleMd.
Although our two furnaces have no- yet gotten down to a full
working basis, we have gone far enough to demonstrate that In the
Wo have
matter of coal, ore and Unit's' one the future is certain.
shipped the product of thehe furnaces to over 128 oonaumers, soat
tered throinfh Ciii.ida, Scotland and 'lm United States, and. Hpoalllng
?'enerally, I would suto that the i|ii.illtv of the Iron has «lv«n satlsaotlon. There only remains the cost t labor, and with a thoroughly
modern design of plant, and the very satisfaotoiy way In which the
new machinery has so lar worked, think we oan rest assured that
there Is no doubt as to our labor cowl B.
The balance sheet ot April 30, 1901, was in V. 72, p. 1236.
<
1
American Linseed Co.
{Statement of
Jul)/ 31, 1901.)
remarks in the report will be given next
week. See also Chronicle of last week, page 555. The
balance sheet of Jnly 81, 1901, follows:
The
gist of the
BALANCE BIIhKT JULY
31, 1901.
Liabilities—
Aisels—
and station equlp.$28.500,000
Cash and cash Items.. 2,009,510
Mill
1,238,886
Ijed^er accounts
Inventory
2,881, 19»
Bond account, N. L. O.
Prod. Exch. mem'ship.
177,7^4
Board of Trade mem..
Treasury 8took.»
3,149
18,000
$16,750,000
16,750,000
81,196
*3,836,166
stock
Preferred stock
Accounts payable
Notespayable
Neteamings
Balance for
—V.
div's.
1898
1899-0.
1897-8.
9.
$1,705,916 $1,689,H28
901,513
820,521
$1,709,226
857,944
$868,807
387,720
$851,282
386,241
$343,101
$417,516
$481,087
$465,041
other page, the following balance sheet is issued. The $30,000,000 capital stock "has been paid in cash into the treasury/'
BALANCE SHEET OF AUG.
31, 1901.
Liabilities.
ss&ts
'..$20,912,129 Capital stock.
Cash on deposit
746 Accounts payable
Furniture & fixtures..
6.044,400 Surplus
Secured loans
$30,000,000
20,350
X96.494
2,982,584
176,984
$30,116,844
Total
$30,116,844
x After writing off incorporating expenses, revenue stamps on stock,
revenue stamps on mortgage, cost of bonds, deposit with application
for listing bonds, advertising,
&c— V. 73, p.
618, 447.
San Luis Potosi Electrical
Co.
{Statement for four years ending Aug. 31, 1901.
The earnings as furnished to Messrs. C. H. White & Co.,
bankers, New Ycrk City, are as below:
1900-01.
1899-00.
1898-f9.
1897-98.
$98,743
5,424
$84,707
4,432
$69,790
1,606
$44,002
278
Total gross earnings... $104. 167
64.415
$89,139
51,955
$71,396
42,949
$44,280
28,932
Net earnings
$37,184
$28,447
$15,348
Gross from lights
Gross from water
Expenses, &o
-V.
me.
|1*7,3«0
i
$1,W2'),15H
1,879,868
231,463
InUrut on
Balance.
Fixi'l
s. a
$l.di:..lrtl
I.".,11
1,980,366
intotnt
rorptti*.
»201,3.Vi
(M) $200,000
130,068
CAH%) 130,000
.
30, 1901, the total credit to surplus account was
Since then (on Oct. 1) the interest on the first
preference incomes, 5 per cent, for the year 1900 01 has been
paid, calling for $200,000.— V. 73, p. 444, 82.
Chicago Indianapolis & Lonisyille Ry.— Listed.— The
New York Stock Exchange has listed $300,000 additional 5
per cent refunding: bonds of 1947, making the total amount to
date $3,842,000. The additional bonds have been issued for
permanent improvements, new equipment, etc. V. 73, p.
Year.
1899-<>0
Consolidated Tobacco Co.
(Balance Sheet of August 31, 1901. J
In connection with the listing ot bODds mentioned on an-
Total
$0,«H',7I6
t-.Ot 6,203
1900 01
$804,403
386,887
Int.,&o.,aco'd&unp'd.
nQS.
On June
$37,417,362
Total liabilities
$720,821
377,720
Securities purohased..
..
I
J
73. p. 618.
A
•
Chicago Terminal Transfer RR.—i2 e pori.— The report for
Consolidated Gns Co. of Baltimore.
(Statement for year ended June JO, 1001.)
The results for the last fiscal year were:
Fixed charges
X.i
Income.
Gross
Tear.
190H-01
lb99-00
the year ending June 30 shows:
$6,000,000, less $2,163,833 oash with trustee.
73, p. 555, 238.
1900-1
$1,639,433
918,612
Operating expenses..
Carolina Northern KB.— Construction.— President and
General Manager Augustus .Mellier of Philadelphia, replying
to our inquiry, says: "The entire construction work to
Marion, S. (J., is completed with the exception of track-laying, and we expect to have the entire road from Lumberton,
N. C, to Marion, S. O, 50 miles, in operation not later than
Nov. 15. The interest on all our bonds will te promptly met
Oct. 1, and payable at the Guarantee Trust & Safe Deposit
Co. of Philadelphia, our fiscal agentp."
Central of Georgia Ry.— Exrninys.— The results for the
two years ending June 30, 1901 and 1900, compare as follows:
ell, 183.
—V.
(iross earnings
<
—
13.7*-9
$37,417,362
Total assets
*
Common
20,000
500,000
2,054,659
Deficit
the total UBue ($15,0(0,(HK), $2,857,000 have been converted
into common stock, leaving $12, 143, 00 outstanding.— V. 73,
p. 558,890.
$200,472.
486
Notes receivable
Col'bian Mfg. Co. sfk.
Am.Fa8tF'g'tl*e(par)
[Vol. LXXIII.
Gross.
$1,430,990
I,265,y61
Net (over
taxes). Int.
on bonds. Bal.,$ur.
$11,422
584,200
92,027
$591900
$b'03,322
676,227
-V. 72, p. 1279.
Cincinnati Lebanon & Northern RR.— See Pittsburg Cincinnati Chicago & St. Louis Ry.— V. 62, p. 988.
Colorado & Northwestern Ry.— Option— It was recently
reported that Col. 8. B. Dick had purchased this property
and was proposing to extend the road to Salt Lake City.
The fact, as we are authoritatively informed, is that Col. Dick
has a ninety-day option on the property and talks of building
the extension in case he exercises the option. The stock and
bonds are all held by the originators and builders of the road.
Detroit & Toledo Shore Line RR.— Mortgage.— The company has made a mortgage to the Detroit Trust Co,, as
trustee, to secure $2,500,000 of 5 per cent gold bonds covering the line from Toledo to Trenton. By the middle of November, it is said, cars will be running from Detroit to Toledo—V. 72, p. 1135.
Fitchburg RR.— Bonds Authorized. The shareholders on
Wednesday authorized the issue of not exceeding $2,000,000
bonds for the purposes stated in V. 73, p. 615.
Great Falls & Canada Ry.— Property Transferred. See
Great Northern Ry. below.— V. 73, p. 287.
Great Northern Ry.— In Possession.— A press despatch
from Helena, Mont., says: "A deed transferring the Great
Falls & Canada Ry. to the Great Northern has been filed in
Cascade County. The consideration natmed is $750,000. By
the terms of the sale the Great Northern agrees to widen the
road to a standard gauge by Oct. 30, 1902. At a point near
Sweet Grass the line will join the Alberta road, which is now
being changed to broad gauge as far ncrth as Lethbridge,
the junction with the Canadian Pacific.'' See V. 72, p. 1187.
V. 72, p 287, 294.
Green Bay & Western RR.—N y Negotiations.— See Chicago
Great Western Ry. above.— V. 72, p. 44.
Indiana Illinois & Iowa RR.— Stock Listed. The New
York Stook Exchange has listed the $5, 000,000 outstanding
capital stock. See annual statement on page 660.— V. 72, p.
—
—
—
—
722.
A
GENERAL INVESTMENT NEWS.
Johnstown (Pa.) Passenger Ry.—Sold.— press dispatch
reports that T. C. DuPont of Wilmington, representing a
syndicate, has pcrchased 8400,100 of the $600,000 capital stock
at $75 per $50 share.— V. 72, p. 936.
RAILROADS. INCLUDING STREET ROADS.
— A press despatch states that the purchase from the Chihua-
$39,752
69, p. 7S7.
American Railways.
Earnings.
—The
report for the year
Kansas City Mexico & Orient RR.
hua
& Pacific
RR.
Concession Purchased.
Co. of certain concessions granting
the
shows gross income of $274,624, consist- right to build extensions and to receive the Government
ing of interest on bonds owned, $35,042; dividends on stocks subsidy thereon has been consummated by the payment of
owned, $160,124, and miscellaneous, $79,458; general ex- $200,000. See V. 71, p. 181 ,— V. 73, p. 82.
penses, etc., $48,517; balance net income, $226,106; deduct
Kansas City & Northern Connecting RR. —Offer for
ended June
30, 1901,
three dividends of 1 per cent each, $112,530; balance surplus
for year, $113,576. In addition, the subsidiary companies, it
is stated, earned fully $37,000 over the dividends paid by
them. Further facts from the report will be given in a sub-
Bonds.— A letter has been sent to the depositing first mortgage bondholders by Thomas L. Chadbourne Jr., Chairman,
and Herbert C. Wright, Secretary of the bondholders' committee, which says in substance:
sequent issue.
Your oommlttee has finally received a firm bid for all bonds nnder
the control of the committee at 37 per cent of the principal amount
net to bondholders, oonflrmed bv the Guaranty Trust Co. of New York.
Considerably more than a majority of the bonds under our control
have assented to a sale at this price, and we have entered into an
agreement with the purchasers, subject to ratification of the remaining bondholders. As this urioe is more thau bondholders would receive if the property were sold under foreclosure, we strongly recommend its prompt acceptance. It will be necessary for you to execute
promptly, as the judicial sale Is set for Oct. 11, It 01, and this transaction should be closed considerably before that da'e.
It is believed in Chicago that John W. Gates is the pro-
—V. 73,
Atlanta Railway
p. 615, 183.
& Power Co.— Common
Control.—
syndicate represented by the Mercantile Trust & Deposit Co.
of Baltimore, the Old Colony Trust Co. of Boston and the
New York Security Trust Co. of New York, has purchased
the holdings in this property of Joel Hurt of Atlanta arid his
associates, the deal, it is said, involving about 81,100,000.
The purchase wiil bring the Atlanta Railway & Power Co.
and the Atlanta Rapid Transit Co. into friendly relations,
but there will not, it is stated, be any consolidation of the
companies, at least for the present.— V. 72, p. 935.
Baltimore & Ohio RR.— Listed.—The 4 per cent ten-year
gold convertible debenture bonds of 1911 have been placed
on the regular list of the New York Stock Exchange. Of
&
posed purchaser and that he col templates obtaining control
of a through line from Quincy, III., to Kansas City, 250
miles, by combining this road after foreclosure with the
Kansas City and Omaha Kansas City
Quincy Omaha
Eastern, bankrupt propeities, cf which it is said he is already
&
&
September
IHF (IHRONK'I
36, 1901.]
in a position to secure control. The three line
follows:
Qulnoy Omaha 61 Kansas City RR., West Quliicy toTr. Dl
'«ru Kit., Trenton to
miles; Omaha Kaunas CM
st'ity & Northern Oonneotlng BB., Pt
36
have t'teu sold
equipment made or
$333,0'
w
n.
mi
I
-i
bonds
1.
ontatand
moneys supplied
other
SI miles.
For particulars as t« each of cues
Supplement. A sister Hue, the Omni.
expected to b" sold to the WaOash KR., as
tli"
nd
I
for tba
subject to call iu wli
r
Interest.—V. 73, p. 44 >, 236.
1
KaiiK,
I
n
ar>-
>le
or in part at par
and
Northern Pacific B/.—LUted.— The N
S »rt Stook Exchai ge has listed $2,837,000 additl »nal prior lien railway and
Id bonds of 1997, making the total
land grant 4 pel
The pr
14,600.
ftheaddiamount listed to dab
to payments!
tMnal bonds have been
at,
new mileage, etc. V. 73, p. 610, 616.
•
nounced.— V. 78, p. 494.
Lake Shore A Klchlgaa Southern Ky. Co.— To Oj
The company, it is stated, will on October 1 begin
the Dunkirk Allegheny Valley & Pittsburg RR for
of the New York Central.— V. 73. p. 891.
Lehigh Valley RK.— Earntng$for Year E \ding ./
The com pan v rep >rts to the B iard of Railroad Commission
ers of New York State as follows
i
—
Pennsylvania RR.— Wtstern Union Contract.—See
burg Carnegie & Western belo.\ .-V. 73, p. 185
Pitts-
:
Tear ending
Qrosa
earnings,
June 30.
190001.
189!»-00
V. 73,
—
.
p.
Net
earnings,
Other
income.
Firm
People's Railway of Wilmington, Del.— See Wilmington
Coal Gas Co. under "Industrials," b^low.— V. 72, p. 1081.
Ba
Olmrgi.i
Def. or aur.
+i
4;
$K
H%
&
24.353.732 4,!i88,4«7 l.O.-i 1,737 7,210.019 deM,l.s9.815
sur.83,770
24,454,531 5,8J5,u3> 1,011,534 6,792,849
—
Philadelphia & Bristol Passenger By.— Bale. See Phila& L-bigh Valley Traction Co. bel)w.— V. 72, p. 184,
delphia
391. 138.
Philadelphia Company of Pittsburg.— Lease ContemLexington & Eastern Ry.— Reorganization Plan.— The
plated —From an authoritative source we learn that negotia$l,000,()(Jii first mortgage bouds of 1895 were not paid at mathe Monongahela Street Railway Co. are now
turity Jan. 1, li'OO, and reorganization without foreclosure, tions with
with
the prospect of conclusion and action early
going
on,
effected
in
accordcertainly
be
almost
will
informed,
are
we
transaction under consideration is in the
The
week.
next
ance with the following plan, under which deposits of securform of a lease of the property of the Monongahela Street Ry.
ities have been made with J K-mne ly Tod & Co., 45 Wall St.,
Co.. Wilkinsburg & Eist Pitsourg Street Ry. Co Pittsburg
New York:
& Birmingham Traction Co., Monongahela L'ght & Power
If in the opinion of tbe managers a sulli 'ient number of those Interested In the company become parties to this plan, tbe managers will Co., and other associated Mellon companies, to the street railproceed without foreclosure.
way and Hgbt corporations controlled by the Philadelphia
1. In that event so many of tbe now outstanding. first morlg ige
Comp my. If the leases are consummated, as they are exbonds as the managers may consider proper shall be extended with
,
ont change in the rate of interest and without affecting the mortgage
to July l, 1911; but the oomoany shall have the right at its option to
redeem, at any time alter Dec 31, 1901, all or so many of said bonds
as it desires to redeem at a ra'e not exoeeding 102 and interest, the
bonds when not procurable for less than this price to be drawn by lot.
All such bouds when purohased shall be retired and
If necessary
canceled and eeneral mortgage bonds for equal amounts may be
pected to be, they will place the last-named corporation in
control of all the street railway, gas and public electric light
and power plants of Pittsburg, Allegheny and vicinity not
already in its possession. V. 73, p. 554.
—
Philadelphia
Issued in lieu thereof at the request of the company. The managers
reserve the right, however, to cause to be paid off at par and interest
so many of the now outstanding first mortgage bonds as in their judgment can safely be paid by the appropriation of any money iu the company's treasury.
2. The holders of [the $',500,003] general mortgage, bonds shall
waive all interest on their bonds up to Aug. 1. 1901. They shall be
entitled to Interest thereafter, payable on the first days of February
and August, at the following rates, viz: 2 per oent from Aug. 1, 1901,
Aug. 1, 1906, to Aug. 1, 1911; 5 per
to Auk. i, 1906; 3 per cent fn
cent from Aug. 1, 1911, to Feb. 1, 1935, the date of maturity of the
said bonds
In consideration of such waiver the holders of general mortgage
bonds shall receive the company's deferred debentures for the difference between f> per oent (p*> able by the terms of the bonds) and the
amount of interest aooruing after Aug. 1, 1901, as above provided.
The said deb«ntures shall be payable without interest at such times as
the company may Itself decide, but they sliall become immediately
due and payable in case any dividend is d«c ared upou the oompany's
stock. At the option of tne company the said debentures, when paid,
may be paid either in cash or in general mortgage bonds carrying the
then next maturing Instalment of interest.
Under the foregoing provisions the holder of each $1,000 general
mortgage bond will be entitled to debenture scrip ai follows, viz On
every interest day from Feb. 1, 1902, to Aug. 1, I90rf, both inclusive,
to sorlp for $15; from Feb. 1, 1907, to Aug. 1, 1911, both inclusive, to
scrip for$iO.
3. The slock will not be affected by the proposed readjustment if
carried out without foreclosure, but in order to secure authority to
enter Into the prop >sed agreements, deposits of such amount* of
stook as the managers may deem adequate fur the purpose will be
required as an essentiil prerequisite to carrying out this plan.
If in the opinion of the managers a >-uffi^ient number of
m
:
those interested in the stock and bonds do not become parties
to this plan of readjustment, thea the managers in their discretion may either abandon the plan altogether ornuypro
ceed to carry it out by means of a foreclosure of either or
both the mortgages. In case of reorganization after foreclosure, the result to the depositing security holders will be
much the same, the plan providing for the organiz ition of a
new company .with securities having their interest rates,
maturity, etc., similar to those provided for above, namely
First mortgage 5s, $900,0(0; general mortga e bonds, $l,=>00.000
(and $900,000 issuable only to retire said first mortgage bonds); deferred debenture bonds, $500.' 00 (including $125, 0D0 for reorganization expenses), and stock, $500,000
Earnings. The results on 92 miles of road for the fiscal
:
—
30, 1901, compare with 1899-00 as follows:
Balance
Rentals,
Gross
Net
Other
year ended June
Fitcal
year.
1900-01
1899-0J
timings,
$357,881
earnings.
$136,844
120,946
income,
$1,397
tuxes, etc.
$30,4
18,054
>
F. Sadler Jr.,
is
& Lehigh
Traction Co.— Purchase.— Wilbur
reported to have acquired from 0;ven
Moon
A. Crozier Reeves and J. Ridgway Fell, in the interest of
company, all th9ir stocks and bonds of the trolley companies between Philadelphia and Bristol. Tne Neshaminy
Elevated RR., recently organized under the new Pennsylvania law to build a portion of the line of Phila. & Lehigh
Traction Co., is also said to have purohased for $1,000 the
Philadelphia Passenger Ry.. which was sold at sheriff's sale
for non-payment of $396 State taxes.— V. 72, p. 1136.
Jr,,
this
Pittsburg Carnegie
& Western RR.— Contracts.—Addi-
tional bids coveriag 28 miles of track, road-bed, etc., were
opened Sept. 13. The road as projected is intended to bring
the Gould system into Pittsburg, but the rumors of a further
extension by the
)uld interests to Philadelphia are authoritatively denied. Tueir plan, on the contrary, is said to be "to
reach New York over a railroad which they now have in view."
The 20 year contract of the Western Union Telegraph Co.
(in which the Goulds are largely interested) with the Pennsylvania RR. Co. expired Sapt 20, and in the negotiations for
its renewal it has been rumored the Pennsylvania would seek to
protect itself against any serious results from an invasion of
its railroad territory by the Gould syndicate.
The "Phila-
G
delpbia Ledger," however, says it is informed that there is no
significance in the fact that the contract remains unrenewed.
—V
73, p. 616, 445.
Pittsburg Cincinnati Chicago & St. Loiis Ry.— Operation.— This compauy, it is announced, will on October 1
begin operating the Cincinnati Lebanon & Northern RR for
some time past controlled by the Pennsylvania interests.
V. 72, p. 1280.
Pittsburg Fort Wayne & Chicago Ry.— Listed.— The New
York Stock Exchange has listed $1,291,300 additional guaran,
teed special stock, making the total listed to date $22,615,100.
The additional stock was issued for second, third and fourth
track, new locomotives, e'e— V. 72, p. 1188,
Pittsburg
Shawmut & Northern RR.— Marquind
— The schedule of assets and liabilities
of the
Interest.
bankrupt firm
& Co. dissloses the fact that among their securi
pledged were $2 137,000 first mortgage 5s aad $423,000
stock of this company. (Sae "N?w York Evening Post" of
Sept. 20.) - V. 73, p. 237.
of
Marquand
ties
for interest.
$107,804
102,892
312,178
Quebec Central Rj.— Exchange of Incomes.— Oa and after
—V. 71, p. 913.
O^tooer 1, 1901, and within a perioi of three months thereMadison (Wis.) Traction Co.— Bonds Offered.— Oliver C. after, the holders of the
£676,000 income bonds are required
Fuller & Co., of Milwaukee, Wis., are offering at 103 and
to surrender their bonds lor cancellation at the company's
interest the company'* $200,030 fir*t mortgage 5 per cent gold
office, No. 5 Great Winchester St,, London, E. C, receiving
bonds due 1926, denomination $1,000, Milwaukee Trust Co., in
exchange per £101 income bond, £">0 three per cent sectrustee.— V. 73, p. 494.
ond debenture (income) stock and £50 new income 7 per cent
Michigan & West Shore Traction Co.— Incorporation
bond. See also V. 72, p. 1035.
Mortgage. — This company, authorized capital stock $1,Rapid Transit Subway Construction Co. of New Tork
350,000, has filed articles of incorporation in Micbigan and
tit j. Contracts.
The company recently let contracts aggreAmerican
for
made
mortgage
to
the
North
has
a
$1,350,000
gating $1,500,000, covering eight 5,500 h. p. stationary enTrust Co. of this city as trustee. The company's electric gines
and for 48 boilers of 6C0 h. p each, all to be ready for
railway is projected to extend from South Haveu, southerly use
Jan. 1, 1904. Other contracrs aggregating $1,500,000 will
via Covert, Coloma and Riverside, to Benton Harbor, Mich*
be let in a few days for electrical apparatus. There will be
Mobile & Ohio RR.- Listed.— The New York Stock Ex- one main power h use and eight sub-power stations. The
change has listed $2,494,000 4 par cent St. Louis & Cairo col- sues for the stations, it is stated, bave already been bought.
lateral gold bonds of 1930, and will list the balance of the President Alt xander E. Orr of the Rapid Trausit Commission
says " The work is more than one-quarter completed, and
issue ($6,000) whenever exchanged for shares of the S
Louis & Cairo RR. Of the bonds now listed $2,161,000 have this quarter includes many of tne mos: difficult portions to
been issued in exchange for $6,483,000 of the $6,600,000 stock be constructed. The work on the remaining three-quarters
oftfhat company ($1,000 in bonds for $3,000 in stock), and will advance much more rapidly." The block bounded by
—
—
.
:
THE CHKOMCLK.
664
58th and 59th streets and 11th and 12th avenues has been
purchased from the Eastman's Company for the central
power station.— V. 72, p. 1136.
Eookford Beloit & Janesville By.—New Enterprise.—
The Savings & Trust Co. of Cleveland, it is stated, is the
manager of a syndioate which has taken the entire stock and
bonds of this electric railway now under construction from
Rockford, 111 to Janesville, Wis., a distance of .'52 miles.
"Cleveland Finance" says:
This road 1b to become part of a syprem connecting Ohloago and
,
Madison, Wisconsin, other parts of the system being already In operand this road being In a dlreot line with (he others. The oapltai
stock of $1,000,000 and the [present] bond Issue of $600,000 have all
been taken by the syndicate— V. 73, p. 445.
Seattle City Ry.— Sold.— At the foreclosure sale on Sept. 21
the railway and Leschi Park were purchased for $500,000 by
James S. Goldsmith, representing the Seattle Electric Co.—
V. 78, p. 495, 287.
Seattle Electric Co.— Purchase.— See Seattle City Ry.
ation,
above.— V. 72, p. 1136.
Shore Line RR. of New Brunswick.—Sold.— At the foreclosure sale, in St. Stephen, N.J3., on Sept. 21, the road was
bonght in by Russell Sage for $25,000. See V. 72, p. 723.
Southern Ry.— Listed. -The New York Stock Exchange
has listed $7,855,000 of the $9,500,000 Mobile & Ohio collateral
trust 4 per cent gold bonds of 1938. The remainder of the
[Vol.
LXXUI.
Copper Co
, whloh controls about half the production of copper In the
United States, made It a policy at the end of la*t year to m .Intaln a
price of 17 cents for lake copper and 16*8 for ele otrolytlo copper. At
that time thi Amalgamated people tried to Induce outside producers
to hold to the, name scale. For a time everything went well. But
when the outsider* found that they could not sell their product, they
made reductions varying from 1 to 3 per cent, below the aimed prices.
Meanwhile the Amalgamated Interests began to aocnmulate their
copper, asserting that. If they found their ticoumulatlons were too
large, they would simply cm tall production. The recent statement that
the Amalgamated [United Selling Co., etc.,] have on hand absut 13
C00.000 pounds of copper is thought to lie about correct. I'hin stock,
while it looks large. Is perhaps do! ho important as some seem to think,
for since prices have been upheld by the Amalgamated Interests, consumers have let their stocks dwindle to almost nothing, thinking that
a decline in price was imminent. Of late there ha* been a better
demand from Euiope.and It in evident that trade is picking up abroad.
But within the last few days, when affairs became disturbed In this
country, the iirlce of standard copper shares In London declined to
£63- a p/lce lower than has been reaohed before In three years.
V
During the fiscal year 190001 the United States exported
only 252,769,328 pounds of copper, as against 333,310,725
pounds the previous year, the decrease representing a money
value of about $14, 511,000. See aleo page 634.
Directors.
The directors, who resigned at the time of the
recent absorption of the Butte o Boston because they were
directors of both companies, have been re-elected, the board
now including
H. H. Rogers, F. P. Olcott, Robert Bacon, James Stlllman, William
Rockefeller, William G. Rockefeller, Anson R. Flower and A. C.
—
:
Burrage.
—
Dividend of Anaconda Copper Co. See that company
below.—V. 73, p. 238.
392, 340, 334.
American Agricultural Chemical Co.— listed.— The New
Texas Central RR.— Earnings.— The report for the year York Stock Exchange has listed $108,100 additional preferred
stock and $182,600 additional common stock, making the
ending June 30 shows:
Balance, total amount of preferred stock listed to date $17,153,000 and
DiviNet
Int. and
Gross
Fiscal
surplus.
dends.
miscel.
earnings, (overtaxes).
year.
of common stock $16,715,600. Of the additional stock $60,$174,562
$66,225
1900-01
$25,000
$707,690
$265,787
52,980
30,033 000 each of common and preferred was issued to purchase
46,643
1899-00
129,656
375,574
the entire $100,000 capital stock of the Long Island AgriculThe mileage operated in the late year was 225, against 194 tural Chemical Co., owning a plant in the Borough of
in the earlier year.— V. 73, p. 33.
Qoeens.
The remainder, except $4,100 preferred sold for
Toronto Ry. Dividend Increased.— In view of the largely cash, was issued on account of the original acquisitions, hav-
bonds are issuable in exchange, $ for $, for the rest of the outstanding general mortgage 4s of the Mobile & Ohio. V. 73, p.
—
increased earnings during the past half-year, a quarterly
dividend of \\i per cent has been declared, payable Oct. 1.
This raises the annual rate from 4 to 5 per cent.— V. 72, p.
184.
Washington & Potomac Ry.— Transferred.
been
filed
at Washington, D.
—A
deed has
C,
transferring this property
Chesapeake Ry. Co. for $100,-
to the Washington Potomac &
000.—V. 71, p. 699.
Washington Potomac & Chesapeake Ry.— See Washington
& Potomac Ry. above.
INDUSTRIAL. WAS AND MISCELLANEOUS.
Amalgamated Copper Co.— No Extra
Dividend.—The
directors on September 20 declared a quarterly dividend of
1% per cent, payable October 28, but omitted the extra quarterly distribution of J^ per cent which has heretofore been
In other words, they reduced the annual
regularly paid.
dividend rate from 8 per cent to 6 per cent. No official
statement is obtainable fully explaining this unexpected
action, but Director A. C. Burrage is quoted as saying
After a careful consideration, the directors deoided that it would be
wise at this time to adopt a conservative policy and to omit the usual
extra dividend of H per cent. It was considered wiser to reduce the
dividend than to reduce the selling price of oopper. The fact that the
divider ds on Boston & Montana stock have been enjoined also exerted
a good deal of Influence on our ralnde. The stockholders may rest
assured that in the end this aotion of the directors will prove the
Moreover it is not unlikely that
wisest that could have been taken.
the dividend rate will be restored at a not far distant date.
The company, or its interests, are engaged in extensive
litigation with F. A. Heinze and the Montana Ore Purchasing Co., in the course of which the Heinze interests have
obtained injunctions closing, it is claimed, the richest mines
Montana Consolidated Copper & Silver
of the Boston
Mining Co., thus reducing that company's copper output, it
is said, from about 6,000,000 ounces to 4,000,000 ounces
monthly, and enjoining the payment of its usual dividends.
Montana dividends aggreDuring the year 1900 the Boston
gated 172 per cent on its $3,750,000 of capital stock, the
greater part of which is now owned by the Amalgamated
Company in 1899 they amounted to 144 per cent. This
source of income for the Amalgamated Company is temporarily cut off by the injunction the August, 1901, dividend,
however, was duly received, its payment having been anticipated. The dividend which was expected to be paid by the
Boston in December was also recently ^enjoined.
Butte
[An official list of the capital stocks of which the* Amalgamated Company owns all or part was given in V. 72, p. 1281.
The dividends paid on certain of these stocks during 1900
:
&
&
ing been withheld as a guaranty against losses on current
accounts, etc., of the concerns purchased.— V. 73, p. 614.
American Alkali Co.— Preferred Stock to be Made Full
Paid.— The shareholders will vote Oct. 30 on a proposition
approved by the directors to make the outstanding preferred
stock full paid by issuing two shares of full-paid, par $50,
preferred stock for five shares preferred on which $20 per
share shall have been paid.
Of the $6,000,000 preferred
stock $2,400,000 will then be outstanding and $3,600,000 will
have been retired. V. 73, p. 555.
American Cereal Co.— New Company.— See Quaker Oats
Co. below.— V. 73, p. 34.
American Locomotive Co.—First Dividend.—This company, organized last June, has declared a quarterly dividend
of \% per cent on the preferred capital stock, payable Oct. 21,
1901, to holders of reoord Oct. 5, 1901.— V. 73, p. 186, 80.
American Loom Co. New Control, — The Searles interest
in this $1,000,000 company has passed to a New York and
Boston syndicate; W. C. Lovering has been elected President. A. C. Case, President of the American Cotton Co.,
is connected with the syndicate.— V. 70, p. 431.
—
Anaconda Copper Mining Co.— Extra Dividend Omitted.—
The directors on Thursday declared a semi-annual dividend of
5 per cent, but omitted the extra dividend of 3 per cent paid
in connection therewith since and including Nov., 1899. The
annual rate was therefore reduced from 16 to 10 per cent ; in
1899, 13 per cent in all was paid in 1898 and 1897, 10 per oent
yearly.
majority of the $30,000,000 capital stock is owned
A
;
The last pamphlet report
was published in V. 65, p. 569. The statements made to the
Montana State authorities, and covering, it is understood, the
years ended June 1, 1901, and June 1, 1900, compare as follows:
by the Amalgamated Copper Co.
Gross prooeeds
1900-01.
$18,128,558
1899-00.
$18,730,131
$3,069,072
191,^35
5,288,720
2,007,415
$6,228,656
300,031
5,354,145
1,481,780
Deduct—
Cost of mining
Freighton ore
Cost of reduotion
Selling
and marketing
;
;
&
aggregated:
Boston & Montana $6,450,000;
Anaconda, $4,800,000;
Parrott,
& Boston, $1,000,000.]
The chief reason, however, for the reduction of the Amalgamated dividend is believed to be the unsatisfactory char-
$1,380,000; Butte
acter of the export business and the accumulation of copper
in the hands of the subsidiary companies and their selling
agent, the United Metals Selling Co. (see V. 70, p. 284), the
Amalgamated Company itself carrying no stock of copper.
well-informed expert in the copper trade " on Tuesday gave
to the ''Evening Post" his view of the situation as follows
The copper trade is in a sound condition, bo far as the United States
la concerned.
Here consumption this year has been larger than any
time before. In Europe the' situation Is quite different. There consumption has fallen off from 35 to 45 per oent as compared with a year
ago. This naturally has been reflected in the country's exports, whloh
are about 45 per oent smaller than last year. .The Amalgamated
A
•
'
:
Netproceeds
$5,671,816
$5,365,519
of 16 per cent paid during these years called
for $4,800,000 annually. In Helena the reduction of the dividend is attributed, in part at least, to,the[necesBity for providing funds to pay for the large new smelter which is to be
completed next summer, at a cost, it is said, of some millions
of dollars— V. 69, p. 696.
The dividends
Boston & Montana Consolidated Copper & Silver Mining Co.- See Amalgamated Copper Co. above. V. 72, p. 1082
British Columbia Copper.— New Stock.— The directors
have voted to issue an additional 50,000 shares of capital
stock in order to increase the capacity of the smelting plant
from 400 tons to 1,200 tons a day. Half of the new stock, it
is stated, has already been underwritten at $15 per $5 share.
California Power Co.— Stock Held Alive.— See Edison
Electric Co. of Los Angeles below.— V. 73, p. 618.
Cleveland Stone Co.— Called Bonds. The company gives
notice that it will redeem at par and interest, at the office of
the Guardian Trust Co. in Cleveland, Ohio, on Nov. 1, 1901,
all of its $608,000 outstanding bonds, of an issue of $750,000,
dated Nov. 1, 1896.
—
1
—
I3P For other Investment
News
see
Pases 680 and 681.
smuuEB
THE CHRONICLE.
as, i9oi.]
and JPcrmmjents.
jgporis
CENTRAL RAILROAD COMPANY.
ILLINOIS
FIFTY-FIRST REPORT OF
On June
30, 1900,
the
number
THE DIRECTORS TO THE STOCKHOLDERS— FOR THE
of miles of railroad operated bj the Illinois Central Railroad
There have since been added
On
ft
VI. Al;
ENDED
Company
1901.
\va
:
I, 1900, Loop at Charles City, Iowa
September 1, 19oO, the Peoria Division
Noveui er 1, 1900, the New Harmony Branoh
December 1, 1900, the Albert Lea & Southern RR
-39 miles
July
244 ^3 ml
6 33 miles
1
Making the number
JTJ
1869 mles
of miles of railroad In operation
Juno
30. 1901
26964
4,265*50
The average number of miles of railroad operated by this Company during the year ended June 80, 1901, has been
4,314*98, against an average of 8,845'4S operated in the preceding year; this is, for each year, exclusive of the railt
owned and operated by the Yazoo & Mississippi Valley Railroad Company.
The following is a summary of the Illinois Central Railroad Company's business for the year ended June 30, 1901
:
Gross Reoelpts from Trafflo
Expenses of Operation
Taxes
$36,900,460 47
$24,251.677 56
1,590.114 87
Inoome from trafno. belnu the excess of Reoelpts over Expenses of Operation and Taxes
Net Receipts from Sale of Lands
Inoome from Investments, Including those held in the Surplus Dividend Fund, and Miscellaneous
$11,058,668 04
28,607 59
2,476,574 70
Profits
Excess of Income over Expenses of Operation and Taxes
From
this there
have been paid
25,841,792 43
$13,563,850 33
:
Interest on Funded Debt, and Bonds drawn under Sinking Fund
Rent of Subsidiary Railroads as shown in detail in Abstract
$2,980,925 00
3,615,265 58
H
Total Fixed Charges
6,596,190,38
Net Inoome for the year ended June 30. 1901
Surplus Dividend Fdnd brought forward Jane 30, 1900, as shown in
Amount
last
$6,967,659 75
1,046,226 92
Report
$8,0 13,886 67
Available
This has been disposed of as follows
:
92d Semi- Annual Cash Dividend, paid Maroh 1, 1901—3 per oent on $60,000,000..
93d Semi- Annual Cash Dividend, payable August 31, 1901— 3 per oent on $66,000,000
$1,800,000 00
1,980,000 00
$3,780,0C0 0O
oestab sh a Pension Fund
or Betterments
$250,000 00
2,895,399 75
3,145,399 75
1,088,486 92
Carried forward to Surplus Dividend Fund, as of June 30, 1901, and set apart as applicable to future Dividends
$8,013.886 67
As compared with the preceding year
:
The average number of miles of railroad operated increased
Gross Receipts from Traffic Increased
Expenses of Operation Increased
Taxes Increased
Income from Traffic (Excess of Gross Reoelpts over Operation Expenses and Taxes) Inoreased
Net Receipts from Sale of Lands decreased
Inoome from Investments, and Miscellaneous Profits tnoreased
Excess of Income over Expenses of Operation and Taxes Increased
Total Fixed Charges Inoreased
Net Income for the fiscal year Increased
The amount available after deduotlng Fixed Charges Increased
The sum appropriated from Inoome for Betterments increased.
Surplus Dividend Fund has been augmented by
369-49 or 9-61 per oent
"
$4,288,493 12 " 13-15
"
2,874,062 07 " 13-44
"
98,334 71 " 6-59
"
1,316,096 34 " 13-51
"
1,482 28 " 4-93
"
64,854 07 " 2-69
"
1,379,468 13 *• 11-32
"
169,082 80 " 263
"
1,210,385 3 " 2102
"
1,850,985 33 " 18-50
"
728,725 33 "3015
"
42,260 00 * 4 04
DIVIDEND AND INSURANCE FUNDS.
The sum of $42,260, derived from interest on securities in the Surplus Dividend Fund, has been added to that fund,
which now amounts to §1,088,486 92, and is well and safely invested.
The Insurance Fund, after the payment therefrom of all losses by fire, was augmented during the year by $110,478 35,
to $1,325,098 93, which is well and safely invested.
PENSION FUND.
for the retirement from the service of those who have reached the age of seventy years, a scheme of
pensions has been adopted, effective July 1, 1901, whereby a monthly allowance is to be made to each person retired,
equal to one per cent of his average monthly salary during the ten years preceding retirement, multiplied by the number
of years in which he has continuously served the Company. Provision has also been made for pensioning such officers
and employes, sixty-one years of age and over, as have become incapacitated. From the income of the year under report
the sum of $250,000 has been set apart as a Pension Fund, and the Company has obligated itself to make in each year an
appropriation of an amount not exceeding $100,000 in payment of pension allowances for such year.
To provide
SINKING FUNDS.
The Trustees of the various Sinking Funds report that they hold in the Cairo Bridge Fund $489,768 51, being $48,213 39 more than they held a year ago; in the Sinking Fund for Western Lines Bonds $317,437 55, being |58,274 83 more
than last year; and in a new Sinking Fund for the Omaha Division Bonds $5,072 48. These funds are invested in securities authorized by the several Deeds of Trust under which they were established, and none of these assets appear in the
Balance Sheet herewith submitted.
The additions thus made
Omaha
to the old funds, taken with the sums devoted to the establishment of the
Division Bonds and the Pension Fund, amount in the aggregate to $514,299.
Fund
for the
TAXES.
The charter of the Company reserved to the State of Illinois, in lieu of taxes, 7 per cent of the gross
706 miles of railroad originally built thereunder. The sum so paid has this year been $815,093, which, if
Z% per cent, would give $23,288,371 as representing the proprietary interest of the State of Illinois in the
Railroad. This is the largest payment ever made to the State in any one year.
Other Taxes bring the sum so paid up to $1,590,114 87. This exceeds the sum paid last year by $98,334
than two-fifths (42-07 per cent) of the amount distributed to the stockholders.
receipts of the
capitalized at
Illinois
71,
and
Central
is
more
PEORIA DIVISION.
been advanced upon securities and contracts for the assignments of purchases
made at foreclosure sales, which together represent the control and, with slight exceptions, the ownership of the railway
formerly operated by the Peoria Decatur & Evansville Railway Co., extending from Pekin, 111., to Evansville, Ind., and
the interest formerly held by that Company in the Peoria & Pekin Union Railway.
The former owners and creditors of the Peoria Decatur & Evansville Ry. Co. had previously adopted a plan for
reorganization, which has resulted in the formation of two separate corporations, the Peoria Decatur & Mattoon RR. Co.,
which now owns the line from Pekin to Mattoon, 111., and the Mattoon & Evansville RR, Co,, owning that from Mattoon
During the year
$5,207,948 90 have
THE CHRONICLE.
666
boundary between the States of
[Vol.
lxxih.
IncUana
I'm: Illinois Central BR. Co. haa since September 1, 1900,
remainder of the road lying in Indian
Decatur & BCattoon EvR. Co., In whiob alone there are minority inthat the organ iz
pledged as above, will be completed this autumn, and, in accordance
tin
those represented by th
'resented to the Stockholders of to* Illinois entral lilt. Co. al their
with notices already published, pr
Annual Meeting Looking to the purchase <>r the railway formerly belonging to the Peoria Decatur & Evansrille Rj
Since November 1, 1900, the Illinois Central RR. Co. lias also been operating the so-oalli
Barmony Branch, 6*88
redattbe wnmal Meeting.
blchwillal
miles in length, the purohs
With the exception <>f Chicago, Peoria is the most populous city In Illinois, having 66,100 inhabitants. The railroad
Bvansville Ry. <io. intersects the (Uinois Central al five important stations in
formerly owned by the Peoria Deoatur
Illinois—Lincoln, Mount Pulaski, Decal ar, Mai toon and Newton, and connects therewith ;it Evansville in Indiana.
Should the 8tookholders approve of the purchase now recommended, these properties can be mortgaged to secure
bonds which will reimburse the Company lor the moneys advanced as above and those which may be needed in further
to the
'i
these
hi
rail
Illi
I
i
•
i
i
i
ii
<*fc
bettering the property
.
ALBERT
LEA.
<fe
SOUTHERN RAILROAD.
Further advances have been made on account of the Albert Lea & Southern Railroad to the amount of $261,447 84.
is about 19 miles in length and affords a useful connection between the Mona Branch of the Dubuque &
Sioux City RR. and various railroads running toward St. Paul, Minneapolis and the Northwest, with which traffic relations have been established.
BETTERMENT FUNDS.
That railroad
In the Balance Sheet accompanying the Annual Report for the year ended June 30, 1900, there was shown a liability
of $700,818 l*i to the Louisville Division Fund, which represented the excess of the sum realized from the sale of
Louisville Division S}.^ per cent Bonds over the expenditures which had been made on the Louisville Division up to that
time. During the year under report, further expenditures have been made, in the betterment of that division, to the
amount of $885,812 *8, leaving at credit of the Louisville Division Fund, §314,501 28.
This, with similar balances of §i 54,579 38 remaining at credit of the St. Louis Division Fund and of $1
at that of the Omaha Division Fund, makes up the § >52,936 96 shown in the attached Balance Sheet as due to
Betterment Funds.
As further expenditures are made in the improvement of these three Divisions, the cost thereof will, from time
to time, be charged to these Funds respectively.
STANDARDS OF MAIN fENANCE.
The high standards of maintenance heretofore adopted have been strictly adhered to, as will be seen by referring
to Tables No. 8 and No. 15, which give in detail the expenditures made in each of the past ten years for Maintenance of
Way and Structures and for Maintenance of Equipment.
MAINTENANCE OF EQUIPMENT.
There have been condemned and disposed of during the year 5 locomotives and 1,116 cars. The former have been
replaced by an equal Lumber of new engines, having rather more than double the capacity of the old ones. Of the
cars, 852 have been replaced by new ones of much greater capacity, and the remaining 264 cars are being replaced by
new ones, built at the Company's shops. Their cost has been provided for by charges already made to Maintenance
of Equipment. The balance carried forward at credit of the Fund for Renewal of Eagines and Cars is §235,607 05.
ADDITIONAL EQUIPMENT.
the Peoria Division there were received 20 light locomotives, 866 freight cars of small capacity, and 21 pissenger
In addition to the new engines and freight cars bought or built to replace old ones, 58 heavy new locomotives, 4,632
new freight cars, having an average capacity of fully 40 tons each, were bought, and 35 caboose cars and 5 baggage
cars were built at the Company's shops at a cost of $4,182,413 37.
The Company now has 891 engines and 39,685 cars of all kinds. In the past year there were added to the equipment
73 engines and 5,579 cars.
Notwithstanding these somewhat extreme additions to an already large equipment, there is, and has been for some
time, a shortage of cars, and further large expenditures must during the coming year be made in buying the cars and
engines needed to move the traffic now in sigat. Contracts to this end have been made.
The average capacity of each of the engines to haul on level track is 3,294 tons; and the average carrying capacity
of each freight car is 29 43-100 tons.
With
cars.
It was stated in the last
by means of a single track.
ADDITIONAL SECOND TRACK.
Annual Report that the traffic had in several places reached
the limit of economic operation
During the year under report 89 33 miles of additional second track have been put in operation and a large amount
work lias been done in grading and bridging for further additions of this sort.
The public service rendered by the Company and the receipts therefrom have again grown in a ratio out of all proportion to the number of miles of railroad added to the system, and this growth has been especially marked on the line
connecting Chicago with New Orleans, where the traffic already was the heaviest. Your Directors have, therefore, ordered the completion of the double track from Chicago to Fulton, Kentucky, and the building of a second track from
Jackson, Mississippi, southward toward New Orleaus.
The outlays during the year under report on new Fecond track amounted to $2,015,067 92, and it is estimated that
during the coming year upward of |5 000,000 will be needed for that purpose.
There were in operation on June 30, 1901, of second and additional main track 337*50 miles, which is rather less than
-
of
one-twelfth of the
number
of miles of railroad in operation.
INCREASE OF CAPITAL STOCK.
As shown above, a sum exceeding the $6,000,000 by which the share capital was increased during the year was
therein expended on additional equipment and additional second track, without as yet meeting all the present
requirements: the total outlay during the year on Permanent Improvements being §11,307,589 59, of which $3,000,000
were provided by the issue and sale of Litchfield Division Bonis, secured by a mortgage on that Division
In accordance with circular letters already mailed to the proprietors, it is proposed to further increase the capital
issue of $ 3.200,000 of new stock, for their ratable share of which all stockholders of record on Wednesday,
October 30, 1901, are to have the privilege of subscribing at par.
The net income of the year ended June 30, 1901, was, as shown above, §6,967,659 75. This exceeds ten and a half
per cent (10*56^) upon the present share capital of §66,000,000, and eight and three-quarters per cent (8'80#) upon the
$79,200,000 to which your Directors recommend that it be increased.
by the
THE YAZOO &
MISSISSIPPI
VALLEY RAILROAD COMPANY.
The following extracts from the Report of the President to the Board
ended June 30, 190!, show the condition and growth of that property
cf Directors of that
Company
for the year
:
The following is a summary of The Yazoo
Gross Receipts fromTrafflo
Expenses of Operation
Taxes
i
Income from Traffic being the exoess
Interest collected on Investments
& Mississippi Valley Railroad Company's business for the year ended June 30, 1901
of Gross Receipts over
Exoess of Income over Expenses of Operation and Taxes
From this there has been paid, for Interest on
$2,800,000 00 Y. & M. V. First Mortgage Bonds
4,775,658 81 Y. & M. V. 4% Improvement Bonds
16,832,000 00 L. N. O. & T. First Mortgage Bonds
Total of Absolutely Fixed Charges
Surplus Jane 30, 1901
$6,127,941 75
$3,757,895 82
300,355 96
Expenses of Operation and Taxes
4,058,25178
$2,069,689 97
695 30
$2,070,385 27
$140,000 00
191.026 36
673,280 00
1,004,306 36
$1,066,078 91
September
THK CHKON1CLE.
28, 1901.]
The followinK table shows the
results of the
A verage
umber
Ended
June
i
i
d eiab of the paat nine y eart
lit,
Gross Receipts.
».r
30<A.
ss
Expenses
,\
Yeurs
Compan> 's buslm
ifjt
Total
fit r
Operation.
I
n rout
In
netuding
l.Xfli
Miles
pirated.
mi
ti
ol (Ifn r.ittim
In
and Tiu
rrrt Ott
on
Bond
liicouu
/
,1
l,lt
1
Bond
L. N. O.
807-27
1893....
1894....
1895....
1896...
1S97....
1S98....
JS99....
1900....
1901....
S0727
£3, 319,131
,338,859
3,331,334
8,529,625
3,936,513
4,775,647
4,5:6,349
5,300,889
6,127,911
:•<
807-vi7
£07-S7
807-27
807-27
95i->-o
1,000-68
1,05651
04
50
58
10
20
53
72
55
7
$2,463,653 47
2,28i ,370 20
2,290.207
2,234,625 51
$96,337 89
89,091 40
2,550/33 98
124,982 oi)
142,044 26
1SH.473 10
,
90,0
I
3,063,975
3,162.542
3,217,796
3,757,895
5
103...
12
37
24
88
$759,139 68
9t 0,397 90
951,168 .^5
1,191,290 75
1.260.P97 18
1 509 028 1 5
1
,257,334
'/
5
177.M7 2H
1.905, 1T6
300,355 96
V.069,869 97
$781 693 02
973,t,2 8 85
955,623 9«
it
T.
J
y.
$774,412
754,495
698,722
600,522
600,522
785,20/
916.680
946,240
50
Oj.
10
72
219 133 7
,901 26
500.M37 0O
141 28
784,031 47
340,921 53
.
72
72
72
00
00
1.104,306 86
1,191 351)72
1,200,061 00
1.569, 34 19
1,2 7.601 53
1.905,539 49
2,070.385 27
»,-^»9
49
1,060,078 91
The surplus here shown Is stated without the payment of ho Inn-rest on either the Beoond Moits?ago Bonds or the Land <vrant Income
Bonds of ih* Louisville Now Orleans & Texas Railway Company, of which* ',lu4.000 and #10,000,000 are respective. y outstanding.
The mortgage ki^u In 1H80 to seoure the Seoouu Mortgage Bonds provides that Interest Is only to be paid on them When it shall be
earned and so determined and declared by the Board of Directory Inn that such Interest shall be cumulative, and in oa*o Leaa than two and
on -half per centum e paid in any half year, the unpalt interest, with interest on such unpaid interest at the rate of live per centum per
annum, shall be carried forward to the oredit of the bonds for subsequent payment as such net earnings shall suffice for, or at the maturity of
l
i
_ .
the bonds.
.
.
.
.
The Louisville New Orleans & Texas Railway Company permitted the interest on these bonds to aooumulato and be compounded until
Since then in each of the fiscal
the auiuum of 1892, when that Company was merged into the Yazoo & Mississippi Valley Railroad Company.
years endt d June 30, 1893, 1891, 1895, 1896, 1897. 18. *S, payment-, ran*ing from $198,451 to *j00,837 per annum, were made on account of
Railroad
Company,
all
of the surplus realized In tinInterest one thereon. By oroer of the Board of Dlreotors of the Yazoo & Mississippi Valley
next two years, amounting in 1899 to $340,921 53 and in 190 ) to the further sum of $95 4,299 49, was credited to Profit and Loss, nothing
being paid on account of interest. The arrears of interest due and unpaid upon these bonds amounted, on Jane 30, 1901, to $V213.522 2S.
The Board of Direotors of the Yazoo & Mississippi Valley Railroad Company, having deducted from the earnings of the year under report
the sum of $ 0,00 to establish a Pension Fund, have determined and declared that the remaining $l,0t6,078 91 shall be paid on September 1,
1901. to the owners of the Second Mortgage Bonds of the Louisville New Orleans & Texas Railway Company on account of the interest then
due thereon.
No interest has ever been paid on any part of the $10,000,000 of Land Grant Income Bonds of the Louisville New Orleans & Texas
Railway Company, nor is such payment seonred by any lien upon the railway or the inoomo therefrom.
.
•
Second Mortgage Bonds of the LouisvilK" New Orleans & Texas Railway Company are owned by the
Central Railroad Company. Stockholders who may desire a copy of the Report of the Yazoo & Mississ ippi Valley
Railroad Company are requested to write to the Secretary therefor. [The report is given elsewhere in to-duy's Che<
The attention of the Stockholders is invited to the accompanying Balance Sheet and to the Abstracts explanatory
thereof, a* well as to the various Tables showing, in detail, the workings of the Company's business.
By order of the Board of Directors,
ALEXANDER G. HACKSTAFF,
All of the
Illinois
New
York, September
=
GKNF.RAL BALANCE SHEET.
18, 1901.
Secretary.
Abstract.
Abstract
x
Railroads
H
t
t
Equipment.
$66,000,000 00
10,000,000 00
$160,065,494 10
Material and Supplies.
321,863 95
K
Funded Debt
2,498,695 21
K
Funded Debt
Central
St.
c Stocks Owned
D Bonds owned
F
G
Assets
assets
38,595,519 08
H
in insurance Fund
in surplus divii
E
& Ntw
Orleans
128,797,925 00
16,234,000 00
Betterment Funds
652,936 96
3,820,472 98
Set apart t< provide for
dividend payable aug.
31, 1901 ...
>
6,620,889 27
$1,325,098 93
DEND Fund
Assets in
Louis
of Illinois
Co....
$112,563,925 00
of Chicago
RR. Co
6,109,833 45
Advances on Account of
otbbb railroals
RK
ension Find.
G
H
1,088,486 92
250.COO 00
2,663,585 85
Insurance Fund
Surplus Dividend Fund
1,980.000 00
2,960,960 12
$l,3i5,09S 93
1,088,^86 9*
250,000 0(
Pension Fund
2,663,585 85
$216,875,880 91
$216,875,880 91
ABSTRACT "A." RAILROADS AND EQUIPMENT.
As shown in the Report for
ended June '60th.
the
year
Decrease.
Increase.
1901.
Illinois Central
Illinois Central
$54,994,645 57 $51,816,883 11 $3,177,7 62 46
3,162,s5B47
3,162,856 4?
64,541 90
1,866 612 7(
1,802,070 80
6,498 52
1,448,517 31
1,442,018 79
253,999 CO
253.999 00
300 00
66,639 94
66,399 94
5,094 89
1,844,372 02
1,839,277 13
681,410 16
581,41016
55,233 98
10,300,005 51
10,245,37153
12,208,054 5i
12,466,261 16
22,608 66
1,673,703 69
1,651,095 03
12,968 68
12,968 68
61,576 13
61,576 13
4,745 77
1,999,949 53
1,995,203 76
75,218 45
75,218 45
6,005 00
6,005 00
1,524,207 68
37,690,634 43
36,166,426 75
21,388,000 00
21,3b8,0°0 00
5,425,000 00
5,425,000 00
5,004,06 5 00
5,004,665 00
RK...
RR.-Llichfleld Division
& Springfield RR
& Southwestern RR
South Chicago RR
Blue Island RR.
Chicago Havana & Western RR
Rantoul RR
Chicago Madison & Northern RR
St. Louis Llvlslon (St. Louis Alton & Terre Haute
Chioago & Texas RR
Chicago
Kankakee
Mound
City
Omaha
,
RR.)
Ry
StacyvllleRR
Canton Aberdeen & Nashville RR
Hodgenville <fc Eliza bethtown Ry
Troy & Tipton viile RR
Chicago St. Louis ANew Orleans RR
Louisville Division Lease and Mortgage Lien
Lien on Dubuque & Sioux City RR. to secure I. O.
4% Western
19C0.
Lines Bonds
Division
$258,206 65
$160,065,494 10 $147,295,185 42 $12,770,308 68
Total
ABSTRACT "C." STOCKS OWNED.
Book
l'ar Value.
Illinois Central RR Co. Stock and Scrip....
Leased Line Stock, Illinois Central RR. Co
Chicago St. Louis & New Orleans RR. Co..
Dubnque & Sioux City RR. Co
Mississippi Valley Co
Chioapo & 8pringfleld RR.
$53,822
11,000
10,200
9,9^9,100
300,000
25,000
14,025
Co
Other Stocks
Note.—As shown in Abstraot
"I," the dividends received during the year
set forth.
on shares owned amounted
10,870 00
00
OO
10,21
<
00
00
5,9..
43. 1 2
">
00
£5,000 00
5600
00
$10,353,14:
on the par value and 5-17 per oent on the book value above
F<
to $316,016;
#6,109,833 45
whioh
ia
3-05 per oent
THE CHRONICLE
668
(Vol. LXXIII.
ABSTRACT ''D.» BONDS OWNED.
Hook Value.
Par Value.
00
00
00
00
00
35
6'
00
40,000 00
4t0,50<) 00
2,000 00
Western Lines, Fours
Central Gold, St. Louis Division, Three and a-halfs
Illinois Central Gold Fours of 1!>53
Illinois Central Gold. Omaha Division, Threes
Mlsmsslppl Valley Co., Registered, 4% Cold IJonds of 1950
Yazoo & Mississippi Valley RK. Co. Gold Imorovement Bonds of 1934, Registered
Mississippi Central Second Mortgage (past due).
Illinoirt
i
—
Muhlenberg County, Kentuoky, 5% Refunding Bonds.
Iowa Falls & Sioux City RK. Co. 7% bonds of 1917
Other Bonds
Bonds Pledged—
See Abstract "L
-
00
58
00
21
00
35
600 00
40,777 77
531.131 88
2,019 56
$7,496,532 35
$7,434,103 85
"
Yazoo & Mississippi Valley RR. Co. First Mortgage Fives
Cherokee & Dakota RR Co. First Mortgage Fives
Cedar Rapids & Chicago RR. Co. First Mortgage Fives
Louisville
Louisville
Louisville
$14,000
29,228
71,000
2,613,913
22,000
4,109,432
$14,000
27,00
7 1 ,000
2,750,000
22,000
4,109,432
Illinois Central Gold,
2,324,538 18
3,930,000 00
3,030,000 00
$16,832,000 00
9,104,000 00
9,904,000 00
35,840,000 00
24,906,877 55
$50,066,532 35
$38,595,519 08
New Orleans & Texas Ry. First Mortgage Fours
New Orleans & Texas Ry. Seoond Mortgage Fives
New Orleans & Texas Ry. Land Grant Income Bonds
2,800,000 00
$3,100,000 00
830,000 00
Note.—As shown In Abstract "I," the Interest received during the year on bonds
oent on the par value and 4-36 per cent on the book value above set forth.
owned amounted
to $1,634,207 61;
whloh
Is
3 36 per
ABSTRACT "E." ASSETS AND LIABILITIES.
Liabilities.
A88ET8.
Cash
$761,024 20
84,118 85
2,949,658 53
1,275,790 46
4,374 19
52,396 13
...
and Loans on Collateral
Due from Solvent Companies and Individuals
Due from Agents
Due from Subsidiary Companies
Other Assets
Bills Receivable
Payable on Demand —
Bills Payable
$1,250,000 00
Audited Vouchers and Accounts —
Vouchers Audited prior to
June 1, 1901
$146,301 68
Vouchers audited for June,
1901
1,783,558 93 1,929,860 61
Wages and SalariesDue prior to Judo 1, 1901. $281,033 72
Due for the month of June,
1901
Net
1,457,175 10
Balances due to other
Traffic
1,738,208 82
Com
119,653 01
34,820 «0
panles
Dividends not called for
Matured Interest Coupons unpaid
eluding coupons due July 1, 1901)
Rents due July 1, 1901
Other Accounts Payable
(In
929,778 44
200,000 00
178,171 34 56,380,493 05
Payable at Future Dates—
Bills Payable
Fund
for
Renewal of
$600,000 00
Engines and
Freight Cars
265,607 05
Fundfor Automatic Couplers and Air
Brakes
Dux Y. &M. V. RR. Co
Other Accounts Payable
3,820,472 98
Balance— Net Liabilities.
78,105 79
664,101 66
859,258 35
103,21,9 44
Miscellaneous
$8,950,835 34
Total
2,570,342 29
$8.<>f>0.835
34
ABSTRACT "F." ADVANCES ON ACCOUNT OF OTHER RAILROADS.
As Shown in
the
the Report for
Tear ended June 30th.
Increase.
1901.
& Eastern RR.—
Omaha Division— formerly Fort Dodge & Omaha RR.—
Canton Aberdeen & Nashville RR in Alabama—
Effingmam District -formerlt
St.
1900.
Louis Indianapolis
Litchfield Division—formerly St. Louis Peoria & Northern Ry.—
Amount advanoed on account of betterments sinoe December 1, 1899
$732,318 79
159,532 37
371,168 16
& Harlem RR.—
$744,184 34
$11,865 55
4,105,163 21
4,105,163 21
$213 75
159,318 62
31,470 92
Albert Lea & Soothern RR.—
Riverside
Decrease.
31,470 92
109,720 32
261,447 84
149,921 05
149,921 05
5,207,948 90
5,207,948 90
Peoria Division—
$6,620,889 27 $5,149,857 41 $1,471,031 86
ABSTRACT
AB8TRA.OT "I.» INCOME
"H»—SEE
NEXT PAGE.
FROM INVESTMENTS, AND MISCELLANEOUS
PROFITS.
Dr.
Fixed Charges of Subsidiary Lines written
off
$503,500 00
Balance, representing Net Income front Investments and miscellaneous Fronts.
2,476,574 70
$2,980,074 70
Or.
Interest received on Money Loaned, less Interest Paid on
Int-rest on Bonds Owned
Money Borrowed
$96,717 54
Interest Collected on—
South Chicaeo RR Co. Fives
Canton Aberdeen & Nashville RB. Co. Note given for Bonds canceled
1,684 207 61
316,016 00
379,633 55
.,
Dividends on Shares owned
Int. on Sec. in Sur. Div. Fund, Sterl. Exoh.. Prem. on 111. C. stock sold. Sundry Profits
Interest on Bonds of Subsidiary Lines pledged to secure $15,000,OCO Illinois Central Fours of
1952 $16,350,000 Fives
$817,500 00
Less Interest Collected as above—
From Y. & M. V. RR. on its Gold Fives
$140,000
From Dubuque & Sioux City RR. Co.—
On Cherokee <fc Dakota RR. C<\ Fives
155,000
On Cedar Rapids & Chicago RR. Co. Fives
41,500 336,500 00
$481,000 00
10,000 00
12,5C0 00
503,500 00
$2,980,074 70
September
THE CHRONICLE.
28, 1901.1
AB8TKACT "II." APPLICATION OF INCOME.
Dr. Items—
Surplus Dividend Fund June 30, 1900, H s shown in last report
NET RkcKIITS DDKIN'Q THE VEAB ENDED JUNK iO, 1901 —
From the Operation of the Railway, as shown In Abstraot "M"
From the Land Otltoe
From Investments and Miscellaneous Protlts, as shown In Abstraot "I".
Available for
Or.
7/
$1,046,226 92
$11, 05 8, 60S 04
^-.007 5'.<
2,476.574 70
Fixed Charges and Dividends.
13,563,850 33
* 14,0 10.077 25
ems—
Interest on Bonds
Sterling Sinking Funds of 1903 drawn for payment
Rent oi C.St. L. & N. O. RR
Rent of Dubuque A Sioux City RR. (Including $46,733 60 Sinking
and $5,0 u 81nklng Fund on Omaha Division Threes)
Less Interest on Gold Western Lines Fours, as above
Less Interest on Gold Omaha DlvlBlon Threes, as above
$2,930,925 00
.*>O,0OO
Fund on
I.
C. Gold,
Western Lines Fours,
$818,413 00
$217,000 00
67,500 00
284,500 00
Rent of St. Louis Division (8t. L. A. & T. H. RR.)
Rent of Lltchrleld Division (one month, June 1 to 30, 1900)
Rent of Peoria Division (ten months, September 1, 1900, to June 30, 1901)
533,913 00
507,525 00
7.500 00
145,237 88
Total Fixed Charges
Dividend, March I, 1901, on Illinois Central Shares
Dividend. August 31, 1901, on Illinois Central Shares
Set apart from
00
2,421,089 70
$60,000,000 6 mos.
66,000.000 6 "
a>
6%
$6,596,190 58
$1,800,000 00
1.980,100 00
3,780,000 00
$2,895,399 75
250,000 00
3,145,399 75
Income—
For Betterments
To establish a Pension Fund
$13,521.590 33
Surplus Dividend Fund, applicable to Future Dividends.
1,088,486 92
$14,610,077 25
PERMANENT IMPROVEMENTS.
Amounts
BT BOADS
Exptnded during the Year
Ended June 30,
:
1901.
Central Railroad
Central Railroad— Litchfield Division
Chicago & Springfield Railroad
Kankakee & Southwestern Railroad
Blue Island Railroad
Chicago Havana & Western Railroad
Chicago Madison & Northern Railroad
St. Louis Division (St. Louis Alton <& Terre Haute Railroad)
Chicago & Texas Railroad
Canton Aberdeen & Nashville Railroad
Chicago St Louis <fa New Orleans RailroadMain line, including Memphis Division &, Kosciusko Branch
Louisville Division
$H ,073,162 21
3 ,153,622 97
64,541 90
6,498 52
Illinois
Illinois
300 00
89
98
38
,
5,094
55,233
32,563
1,806
4,715
11
77
L.524,207 68
385,812 18
$11,307,589 59
Total
DI8TEIBDTED AS FOLLOWS
:
CONSTBUCTION—
Way Lands
acquired
$22,102
304,116
7,213
437,166
20,442
Station Grounds acquired
Station Grounds— Improvements
Hull intra
1
1
Water Works
_.
Section Houses
Cattle Guards and Crossings
1,741
11
26
81
13
61
06
1,878 00
Fencing
114,773 80
373,501 69
94,487 67
195,315 41
1,339 70
2,015,067 92
15,251 11
35,968 04
5,850 82
Sidings
Ballasting
Reduction of Grades
Raising Grade of Traoks
New Second Main Track
Block Signals
Interlocking
_
New
Telegraph
Lake Front Improvements— Chicago
Filling Lake Front between 20th and 39th Streets, Chicago
Elevation C. M. & N. Tracks, Ashland Avenue. Chicago
Elevation O. M. & N. Tracks, 16th Street, Chicago
Elevation 8t. Charles Air Line, West Approach (this Company's proportion)
Canton Aberdeen & Nashville Extension
Branch of C 8t. L. & N. O. RR.-Dyersburg, Tenn., to Obion River
Levee Connection Tracks, New Orleans
East St. Louis Passenger Station
Cost of Litchfield Division
Springfield to East St. Louis
Betterments December 1, 1899. to June 30, 1900
Betterments July l, 1900, to June 30, 1901
500 00
4,197 11
46,445 76
Cr
.'
316 49
253 31
3,321 39
52,781 65
156,883 65
3,125 00
:
Nbw Equipment Pdbchased in Addition to New
Replace Old Ones
$3,000,000 00
31,470 92
122,152 05
Engines and Fbeioht Cabs Bought ob Built to
10
23
14
11
$155,006 74
347,148 11
223,302 20
124.412 29
22,319 04
1,602,020 20
1,134,960 00
286,650 00
255,348 42
31,246 37
:
*
$7,067,030 49
:
10 Wheel Passenger Looomotlves
10 Wheel Freight Looomotives
Mogul Looomotlves
6 Wheel Switching Locomotives ...
Passenger Cars 5 Baggage Cars
Freight Cars: 2,132 40-Ton Box Cars
1,700 40-Ton Coal Cars
500 50-Ton Combination Ballast and Coal Cars
300 30-Ton Refrigerator Cars
35 Caboose Cars
Locomotives:
3,153,622 97
Old Equipment purchased from St. Louis Indianapolis
9 Locomotives
2 PaseeDger Coaches
117 Freight Cars
New Shop Machinery and Tools.....
Charged to Capital
Charged to Betterment Funds...
Defrayed from Income
$4 182 413 37
<fc
Eastern Railroad
$12,800 00
1,165 CO
25,167 60
39.132 60
19,013 18
4.240,559 10
$11,307,589 59
§7,993,814 28
418,375 56
2,895,399 75 $11,307,689 59
•This equipment included in last year's report under the head of that reoelved with aoqulred lines, but cost not taken into aooount until
current year.
THF rHRONHIF.
670
COMPARATIVE HTATKMENT
OF"
BBCEIPM FOB
YEARS ENDED JUNE
THi:
Vol. LXXIII.
I
30,
AND
l'.'Ol
Tear Ended June 30th.
1!)00.
Per Cent of
Increaxeor
Increase.
Decrease.
Decrease.
1900.
L901
55
$22,280,420 38
6,177, v 3 82
711. 7S7 83
543,250 90
129,515 a8
109,227 13
23,551 (!)
4,130 55
24,0 13 28
4.106 98
$24,876,338
7,327,742
770,041
654,303
152,275
112,504
Freight
Ilgef
Mall
Express
HSBaggi'ge
Transport atlon of Milk
Train Privilege!
I'iirlor Cars
i'afe Cars and Hotels
Kent of Property
Rent of Tracks
Telegraph
Switching (Balance)
02
18
01
213,099
401,014
30-!. 257
7,122
109,824
87,106
1,857,588
Total
76
48
156 752 00
02
266,5" 2 02
7 207 41
846,45
17
$2,595,918
1,180.088
68,253
111,052
22.760
3,337
323
56,947
55,163
35,685
'A5
19
11-65
1-V62
8 18
2-<
2041
13
42
17-57
39
r
'4
3
06
1-92
7-88
:;*}•
3
15-92
57
76
V3
0U
2-40
175 24
4306
83,050 09
92
32,292 93
250,358 10
58-91
15-58
$36,900,4 60 47
$32,611,967 35
$1,288,493 12
1315
98
1 1
$462 14
1339
192,875 07
54,81 3 13
1.607.230 82
-•
Demurrage. Storage, etc
Inter State Transfer and Receipts over other Lines
TABLE
77
86
NO. 4.— COMPARATIVE STATEMENT OF OPERATION EXPENSES FOR THE YEARS ENDED
JUNE
30, 1901
AND
1900.
Tear Ended June E0/A.
Increase.
Per Cento/
Increaseor
Decrease.
1901.
Maintenance of Wat and structures
Maintknanck ok Equipment...
Condi ;ctino Transportation
General Expenses
1900.
$5,860,817
4,371,241
13,222,859
796,759
52
21
02
$21,251,677 56
Total
$292,120 73
5,568,696 79
3,675,182 20
11,413,837 25
PI
69t5,059 61
719,899 25
1,809,02196
76,859 77
1068
$21,377,615 49
$2,874,062 07
13-44
COMPARATIVE STATEMENT OF TRAFFIC FOR THE YEARS ESDED JUNE
30, 1901
AND
1900.
Tear endid June 30tk.
P.O.
Increase.
16,020,836
17.735,749
3,425,794,698
Tons of Freight Carried One Mile. .. 4,016,085,602
226-44 miles
213 83 miles
Average Distance Haul ot One Ton..
$22,280,420 38
$24,876,338 77
$1 39
$1 40
Average Receipts per Ton
650 10000
619-lOOOc
Average Receipts per Tod Per Mile.
$5,794 00
$5,901 97
Freight Receipts per Mile rt Road..
Miles Run by Fi eight Trains
Fi eight Receipts per Train Mile
17,076,817
$145 67-100c
each Passenger
Average Fare ot
Average Rect-ii ts per Pass, per Mile.
Passenger Receipts- per mile of Road.
lenger Trains.
Grofe Receipt
Gross Rec'sof Pas Tr'ns rer M.of R'd
•! Trains.. ...
Wilrv Knn by
Rect's of Pasr. Trains per Train Mile
10 70
1,714,918
590,2b0,904
15,448,359
$1 44 23-lOOc
Decrease.
172J
12-61 miles
5 90
11-65
$2,595,918 39
$0 01
•72
4-77
31-10000
186
$107 97
10-54
1,628,458
$0 01 44-1000
100
—
(
Number Carried one Mile
Av No of MilenTrav. by each Pass..
Inc.or
Dec.
1900
1901.
5-25
18 94
15-85
17.805.43 9
373,919,236
2093 miles
$7,327,742 36
41 2-1000
1 960-lUOOc
$1,738 52
$9,104,037 50
$2,174 19
10,824,720
84 66-lOCc
1 6,245,007
305,643,549
18-81 miles
$6,177,653 82
38 3100c
2 21-lOOOc
$1,606 49
$7,779,892 85
$2,0(3 15
9,7.0,854
80 12 1000
997
2234
1,620,432
68,276,687
2-12 miles
$1,150,038 54
2 99-lOCc
11 27
18-62
7-86
30«
$132 03
6l-1000c
8 22
17-79
7-47
11-47
5-67
$1,384.144 65
$151 04
1,113,866
4 51-lOOc
COMPARATIVE STATEMENT OF GENERAL OPERATION FOR THE YEARS ENDED
JUNE 30, 1901 AND 1900.
Tear Ended June 30th.
Increase.
1900.
li 01.
Miles of
Road Operated...
Miles run by Passnger Trains
Miles run by Freight Trains
Miles run by Construction Trains
4,214-92
-
Total Miles
Mtieage of
Empty
Mileage of Passenger Cars
Number of Tors of Freight carried One
Number of Passengers carried One Mile
3,845-43
Mile.
Gross Reoeipts
Operation Expenses
Excess of Receipts over Operation Expenses,
Gross Receipts per Mile of Ro.id
36949
Decrease.
9-fcl
11-47
10,824,720
17,076.817
1,6«9,891
7,578.856
9,710,854
15,448,3f9
1.716,872
6,835,113
1,113,866
1,628,458
10v4
743,743
10 88
37,l7o,*84
3i,71i,198
3,4o9,086
10-Zd
278,105,314
385.97^,449
50,751,379
249,781.107
100,528,247
350,309,354
44,787,439
28,322,207
7,344,883
J5.667.095
11 31
7-31
10-18
5,9b.i,9i0
13o2
4,016,085,602
373,919.236
3,42\7P4.698
305,643,549
590:90904
'8,275,637
1723
2234
107,1-73,135
Freight Cars
I
Per Cent of
Increase or
Decrease.
1-57
$36,900,460 47
24,251, 77 56
$32,611,967 35
21,3:7,615 49
*4,2S8,493 12
2,874,062 07
13-15
13-44
12,648,782 91
11,234,351 86
1,414,43105
12-59
$8,754 72
5,753 77
$8,480 71
5,559 23
$274 01
194 54
3 23
3-50
8
79 47
2-72
26-981
Excess of Receipts over Operation Expenses,
3,000 95
Gross Receipts per Train Mile
Excess of Receipts over Operation Expenses,
per train Mile, exclusive ef Taxes
Average No. of Loaded Freight Cars in Train.
Average No. of Emptv Freight Cars in Train..
Average No. Total Freight Cars in Train
Average Number of Tons of Freight in Train..
Av. No. of Tons of Freight In Each Loaded Car
2,921
4
$1 32 25
86 92-100
U0
$1 29 62-100
84 97-100
$0 02 6-100
01 95-100
9(13
45 33-100
44 65-100
CO 68-100
1-52
011
16-28
6-32
16-17
6-51
2260
22 68
23518
221-76
13-72
13-42
605
•72
3147
3 07
5-25
9-76
14-44
34-54
•68
2-92
19
•35
•08
Sbftbmbbb
-'8,
THK CHKONICLK.
1901.]
M
I
AMOl ST
Tear
>
I'l It
><•
QBOU
Keckipt8:
'/<•
-i
SSES.
June UVth
Decreau,
>
674
190
127
68'3
18'9
12-8
$8 .7.' 4 72 $8,480 71 $274 01
100
100
159
171
De-
/,..
19
1S01.
1900.
Ol.
$107 97
132 03
84 01
$5,794 00
1,600 49
1,11423 1,080 22
AND
HITS.
i
Inert
1
1,738 52
Total
(ilt"-s Ki
ol
crease.
1900.
80 IP01
n.trd
/
Juvt
I),
crea.ve.
1901.
CENT
.,./•
1
30th.
ENDED JUNE
h
AND
AMOUNT, PEB CENT Of
RECEIPTS AND EXPEN8E8-PEK MILK OW BOAD, SHOWING
OPERATION EXI'KN-KS KM|{.
June
071
•9
10
•l
Operation Expenses:
Maintenance of Way
$1,390 49 $1,448 13
and Structures
955 73
Mulnt. of Equipment.. 1,037 09
Conductlni; Trans'n... 3,137 26 2,968 16
188 93
187 21
General Expenses
$81 36
169 10
1 72
11 8
113
•5
358
34'9
•9
2 2
2'2
$5,753 77 $5,559 23
$19154
657
655
43
4-6
300
299
$377 25
Taxes
$57 64
$10 69
$387 94
$90 16
$2,623 70 $2,533 54
TABLE
No. S.-COMl'AUATIVE STATEMENT OP
n
18-0
54-5
172
584
3-3
3-4
100
100
•2
i.
18
•8
11
1
3
1
MAINTENANCE OF WAY AND STRUCTURES, JULY
MAINTENANI
260
242
1-2
TO JUNE
1h<>1,
1.
L90L
80,
or Way.
s
tat
Hi pail
Road
ut
c3
i
nil q/
1 Mil.
Labor on
TonsoJ
Amount
Chitiaut
Hi in tails
Track.
1898....
1897...
8,888*80 fU ,227,778 16 15,881 -08 I197.0*"g 16
l.iliir. 11309, 9,86492
137,448 91
184,58644
1.008
224,12i
2,88s ii
1,<>18,16] H2 16,521*85
3.1V
l
L83.U81 "4 I8,i 98*46
265,002 16
3 ',155(18
8,180*81
1,805
492,18491
3.807 71
1,687.86466 81,325*40
290,8681
21.1-2-0'
8,678-74
185,0261
1,778
8 91>5\sti
l.s
84,613*76
373,1*74 76
2,213.482
•4.856*88
2,259,774 74 30,009*88
476,298 89
l
•
Jli
pain "f
Bridges*
n
1
11
Other
l(i
Ii
Total.
Items.
PIMl
Engines.
185.934 1377,223 23 8527,03801 $44",(I51 IV 12,771, 11 8 98
8 94
812,108 I'.
86**J846 76 2,436,;
201,71'
330,6;
282.685 74
359,92895 2,167, Ts'.i 80
873,760 78 2,266 179 32
104,178 3i>::.^; 23
347,26980
^134 546,28774 2,82
385,033(18
,952.771
2< 4.074 485,7089
0-4,41240 3,344, 08076
J8 75
787,«96 80 8.834, (is? 15
535.778 16
58 !,777 52
;-44,2fxN 438,883
1
769,19296 8,809, 44801
637,
,115 71
5.016. ,•57101;
858.391 51
,617,759 539620 5
983,4118'.' 5,107 278 98
987,356 652,78; 1"
795,006 88
1
l
1901....
11
Ohargea
Ties.
"/ Bails.
Way
1
Ami
No. of
(,)
1
1
l
I
20,775.908
21,289,842
20,195,318
19,401,065
23,073,91
1,11
18 84c.
11*440,
10*780.
$44,642 75 $26fl,020 91
42,1
L438C.
12*91o.
14*88c.
tl
1
W6U
39,26971
.17.104 59
82,156 22
41,186 56
53,5715 65
6,582 60
83,706 57
ll*68c
1
23,334,785
28,565,183
89,514,549
33,711,198
3?,170,'^4
,rks
.'.'
S* I
I
!
T.Hfi
420,4",
S36 97
Exclusive of Mileage between 1'okinanJ PeOfla—0'3l miles.
COMPARATIVE STATEMENT OF NUMBER, CLASSIFICATION OF ENGINES, AND TONNAGE CAPACITY ON LEVEL TRACK,
JUNE 30, 1901 AND 1900.
June 3Cth.
Increase.
1900.
1901.
Class of Engines.
4- Wheel
Switch
6-Wheel Switch
Capacity on
Level Track.
No.
Capacity on
Level Track.
32
104
33
212
285
185
39
32
87
33
180
271
170
39
1
73,152
287,984
73,535
651,423
919,018
423,027
178,161
8,472
813
2.614,772
12-Wheel
1
73,152
360,285
73,535
791,042
9y8,619
451,614
178,161
8,472
Total
891
? ,934, 880
Suburban
10- Wheel
Moguls
8- Wheel
Consolidation
Tonnage
Tonnage
Tonnage
No.
No.
Capaci'y on
Level Track.
17
72,301
32
14
15
139,619
79,001
28,587
78
320,108
78
3,216
3,294
COMPARATIVE STATEMENT OF REVENUE FREIGHT CARS, AND THEIR CAPACITY IN TONS, JUNE
30, 1901
AND
1900.
JCNE 30TH.
Decrease.
Increase.
1901.
1300.
Class of Cabs.
Number
Box
19,723
1,097
Capacity
in Tons.
Refrigerator
Coal
Flat
1,359
13,242
1,854
564.529
26,580
14.273
36,887
416,739
56,746
Total....
37,908
1,115,754
Stock
Fruit
633
TABLE
Average
Tonnage Number.
Capacity
per Oar.
28 62
24-23
22 55
16,873
1,179
2714
31*47
30-61
2943
Capacity
in Ions.
Average
Tonnage
Capacity
per Cur.
MnnUa
,
Capacity
inxons.
Average
Average
Tonnai/e
Capacity
per Car.
Tonnage
Number Capacity
Capacity
in J
27-30
23*78
20 70
26*33
2,850
1,078
10,671
1.816
460,611
28,038
17,019
28,390
309,'.- 82
55,305
281
8,4!<7
•81
2899
2,571
107,357
2 48
30*45
38
1,441
16
32,139
693,745
27-71
5,469
217,009
1-72
822
103,918
I
per
1-32
1,
1891
1,458
2,746
82
189
•45
1-85
No. 15.—COMPARATIVE STATEMENT OF MAINTENANCE OF EQUIPMENT JULY
(.'"/•.
TO IUNE
3), 1901.
Maintenance of
Repaibs and Renewals.
Tears
Engines.
Pas'ger Cars
Freight Oars.
ended
Per
June
80th.
I
Other
No. Amount. No.
1892.. 572 $866,06=1
1893. 596
861,* 22
1894.. 59 " 1.066,026
1895.. 597
886,498
1896.. 626
983.704
1897.. 754 1,120,670
1898.. 754 1,242,055
1899.. 763 1,31-. 890
1900.. 813 1,405,915
1901.. 891 1.567.52S
4
Amount
No.
Amount.
Engine
Oar
Oar
Mile.
Mite.
Mile.
87 $230,780 16011 $878,344 4 17100c
895,912 4 4-lOOc
1,049,002 5 28-101
883,553 1 57-KOo
1,0*8,563 4 61-1000
1,048,767 4 75-100i1.302,486 4 35-1000
640 279.059 17191
588 242,700 16197
540 235,946 16827
575 288,049 21098
575 3 5,593 23235
651 299,187 28719
653 262,328 30238
696 279.859 33410
725 357,521 389t0
Per
Per
Puss'nger Frtight
1
1,338,471 4 471<0c
1,690,937 4 17-l"Oo
2,083.514 3 92-lOOc
1
1
Per Mile of
tenance
Road
Mar tut
Total.
Operated
idtnj
$60,218
$-'.035.41 >t
$70">
76,78.1
2,112,977
2,413,65'
73
2,17.\78i.
75144
83183
Tools.
tnce.
Equipment.
nent).
97 lOOo 43- 100c
9Uc 44-lOOc
79-10< c 54-1 00c
95 100c 14 .111
6-IOO0 44-K Oo
8-1000 3 9- 100c
86 lOOo 41-1 00c
73-1' Oo 42-lOOc
72-1000 46-1 00c
69100c 50 100c
•
1
1
Maintena'ee Equipment
Shop.
Expenses.
Including
Machinery
and
\8uperintend
II'MENT.
Main-
85,927
51,437
65,947
96,765
104,430
102.952
121.257
113,756
$112,948
125
127,479
158,288
167,562
160.323
201,961
4,31ft
3.714
27.305
16.73'
7.891
16,932
2,556.169
2.718,979
3.132.72
8,195.9 i>7
3.675, 1 8S
4,371/:4V
90
1
846 05
865 62
822 66
866 :i*>
953 0*1
1,033 07
THE CHRONICLE.
672
[Vol.
COMPARATIVE STATKMKNr OF MILEAGE OF ALL TRACKS JUNE
30TII, 1901
AND
Lxxnr.
1900.
Tear ended June 30th,
Increase.
THE YAZOO &
1901.
1600.
4,266 50
887 50
1,333 34
3.995 86
248 17
1,209 50
269 64
89 33
123 84
5,936 34
5,453 53
482 81
VALLEY RAILROAD COMPANY.
MISSISSIPPI
TWENTIETH ANNUAL REPORT OF THE PRESIDENT TO THE BOARD OF DIRECTORS-FOR THE FISCAL
YEAR ENDED JUNE 30, 1901.
On June
88, 1900,
the
number
of miles of Railroad operated
There have since been added
On July
1,
by the Yazoo
&
Mississippi Valley
RR. Co. was
2010
1900, Yazoo Delta Hallway
August
1900 Belzona Extension
October 1, 1900, Leland to Bogue Phalia.
January 1, 1901, Rosedale to Boyle
May 1, 1901, Parsons to Grenada
uno l, 1901, Black Bayon J emotion to Philipp
miles
9*15 miles
1667 miles
23*74 miles
15- 16 miles
5*22 miles
1,
:
I
Making the namber
1,000-68
:
90-04
June 30, 1901
1,090' 72
of miles of railroad operated by this Company during the year ended June 30, 1901, has been
1, 056*51, against an average of 1, 000-68 operated in the preceding year
The following is a summary of business for the year ended June 30, 1901:
Gross Receipts from Traffic
$6,127,941 75
Expenses of Operation
;... $3,757,895 82
Taxes
4,058,25178
300,355 96
of miles of railroad in operation
The average number
Tncome from Traffic being the excess
Interest oollected on Investments
of Gross Receipts over
$2,069,689 97
Expenses of Operation and Taxes
695 30
Exoess of Income over Expenses of Operation and Taxes
From this there has been paid, for Interest on:
$2,800,000 00 Y. & M. V. First Mortgage Bonds
4.775,658 81 Y & M. V. 4% Improvement Bonds
16,832,000 00 L.N. O. & T. First Mortgage Bonds
$2,070,385 27
$140,000 00
191.026 36
673,280 00
Total of Absolutely Fixed Charges
1,004,306 36
Surplus June 30, 1901
$1,066,078 91
As compared with the preceding year
:
The average number of miles of railroad operated increased
Gross Receipts from Traffio increased
Expenses of Operation inoreased
55-83 or
$827,052 20 "
540,099 58 "
122,438 70 "
164,513 92 "
164,845 78"
58,066 36"
106,779 42 "
Taxes increased
Excess of Gross Receipts over Operation Expenses and Taxes increased
Exoess of Income over Expenses of Operation and Taxes Increased
Total of Absolutely Fixed Charges Increased
The Surplus from the year's earnings inoreased
The following table shows the results of the Company's business in each of the past nine years:
Average
Tears
Ended
June 30th.
Number
of
Miles
Operated.
Gross Receipts.
Expenses
„ °f
Excess of Gross
Total Income,
Receipts over
including In-
Expenses
of Operation
Taxes.
Operation.
and
Taxes.
terest
on
Investments.
,
1896...
1897
1898
1899
1900
1901
807-27
807-27
807*27
807-27
807*27
807*27
954*80
1,000*68
1,05651
$3,319,131
3,338,859
3,331,334
3,529,625
3,936,613
4,775,647
4,576,349
5,300,889
6,127,941
04
50
58
10
20
53
72
55
75
$2,463,653 47
2.28<',370 20
2,290,207
2./34.625
2,550,633
3,063,975
3,162,542
3,217,796
3,757,895
50
51
98
12
37
24
82
$96,337
89,091
90,058
103,708
124,982
142,644
156,473
177,917
300,355
89
40
53
84
09
26
10
26
96
$759,139 68
969,397 90
951,068 65
1,191,290 75
1,260,897 13
1,569,028
1,257,334
1,905,176
2,069,869
15
25
OS
97
$781,693 02
973,628 85
955,623 98
1,191,359 72
1,260,964 00
1,569,^34
1,257.601
1.905,539
2,070,385
19
53
49
27
1678
68 82
8 64
8 65
-
6*14
11*13
"
"
"
"
"
«'
Fixed Charges,
Exclusive of Interest
on Second Morigage
Income Bonds and on
Land Grant Income
Bonds of the
L. N. O.
1893
1894
1895
5-58 per cent
"
15-60
<£
T.
Surplus.
By. Oo.
50
10
72
72
72
72
00
00
1.004,306 36
$774,412
754,495
693,722
690,522
690,522
785,202
916,680
946,240
$7,280
219,133
261,901
500,837
570,441
784,031
340,921
959,299
1,066,078
52
75
26
00
28
47
53
49
91
The surplus here shown is stated without the payment of the interest on either the Second Mortgage Bonds or the Land Grant Income
Bonds of the Louisville New Orleans & Texas Railway Company, of whioh $9,104,000 and $10,000,000 are respectively outstanding.
The mortgage given in 1886 to secure the Second Mortgage Bonds provides that interest is only to be paid on
th
when it shall be earned and so determined and declared by the Board of Directors, but that such interest shall be
cu mulative, and in case less than two and one-half per centum be paid in any half-year, the upaid interest, with interest
on such unpaid interest at the rate of five per centum per annum, shall be carried forward to the credit of the bonds for
subsequent payment as such net earnings shall suffice for, or at the maturity of the bonds.
The Louisville New Orleans & Texas Railway Company permitted the interest on these bonds to accumulate and be
compounded until the autumn of 1892, when that Company was merged into the Yazoo & Mississippi Valley Railroad
Company. Since then in each of the fiscal years ended June 30, 1893, 1894, 1895, 1896. 1897, 1898, payments, ranging from
$198,451 to $50<»,837 per annum, were made on account of interest due thereon.
By order of the Board of Directors of the
Yazoo & Mississippi Valley Railroad Company all of the surplus realized in the next two years, amounting in 1899 to
$310,9*21 53, and in 1900 to the further sum of $959,299 49, was credited to Profit and Loss, nothing being paid on account
m
The arrears of
The Board of Directors
interest due and unpaid upon these bonds amounted on June 30, 1901, to $5,213,522 28.
i
of the Yazoo
Mississippi Valley Railroad Company, having deducted from the earnings of
the year under report the sum of $50,000 to establish a Pension Fund, have determined and declared that the remaining
$1,016,078 91 shall be paid on September 1, 1901, to the owners of the Second Mortgage Bonds of the Louisville New
Orleans
Texas Railway Company on account of the interest then due thereon.
No in terest has ever been paid on any part of the $10,000,000 ot Land Grant Income Bonds of the Louisville New
Orleans
Texas Railway Company, nor is such payment secured by any lien upon the railway, or the income therefrom.
of interest.
&
&
&
CURRENT TAXES.
The Taxes accrued during the year amounted to $300,355 96, and were as usual paid for from current income. This
consumed nearly five per cent (4*901£) of the Gross Receipts. The reports of the Inter-State Commerce Commission
show that in the preceding year, ended June 30. 1900, the Taxes paid by all the railroads in the United States consumed
three and a quarter per cent (3'25#) of their Gross Receipts.
BACK TAXES IN MISSISSIPPI.
the Supreme Court of the United States affirmed the judgment of the Supreme Court of Missis1
sults brou g ht at tne instance of Wirt Adams, Revenue Agent of that State, involving back taxes for the years
i ooS
1892 to 1899, inclusive. These cases are reported in Volume 180 of the Reports of the Supreme Court of the United States,
at pages 1 to 49. The amount paid in these cases, including
penalties and costs, aggregated $1,013,541 90, and was
On January
m
7, 1901,
cnargea to Profit and Loss.
tB inv ° lvin e back taxes prior to the year 1892
are now pending in the Supreme Court of Mississippi.
nf tf"
oi
taxes, costs and penalties involved
in these suits is about $500,000
The amount
Septsmbkr
2?, 1901.
THE (CHRONICLE.
j
ADVANCES ON LINKS
The advances made during the year on new
IN
CONSTRUCTION.
lines or branches iu Mississippi ha\
been as follows
;
$
Belzona Ex tension
Leland to I$oeue Phalli*
Roaedalo to Hoviw
Parsons to Greuada
Tut w tier to Lake Cormorant
Pktliop to
'••
66, v'-•
l«,2.l»4 99
15V.47H 80
3.507
U
Greenwood
Total...
$548,525 I'd
it ion
prei ious years, or any charges for interest, for the tr
Mississippi Valley Railroad, or the use of its equipment, hut merely the cash outlay during
The sums here given do not include advanoes made ill
of materials over the Yazoo&
the year ended June 30, 1901.
TERMINALS IN NEW ORLEANS.
foreign
commerce of New Orleans, seven blocks of land adjoining the so-called
growing
the
Stuyvesant Docks have been bought, and an ordinance has bi en obtained from the city whereby a continuous wharf may
be built in front thereof. This addition to the present facilities will give to the Company the ownership and control of
the wharves in front of its property for a distance of nearly a mile (4,900 feet), measured along the river bank. The
building on these lands of an additional elevator, capable oi holding 1,500,000 bushels of grain, 'has been begun. The
existing brick warehouses, 1.250 feet in length, will before long be extended further on the land recently acquired.
Much progress has been made in creating at Earahan, eight miles from the passenger station at New Orleans, a
freight terminal yard, which, in its convenience and adaptability to handle an ever-growing traffic, is designed on a scale
second to none in this country of which I have knowledge.
The Company owns at Harahan 3,929 acres of land, haying a frontage on the Mississippi River of 6,300 feet, and has
laid out thereon some 32 miles of tracks on a plan which provides for practically unlimited growth.
PERMANENT IMPROVEMENTS CHARGED TO CAPITAL.
As shown in detail in Abstract " A,'" the total outlay during the year for the foregoing and for other permanent
improvements has been $1,502,773 54.
Four per cent Gold Improvement Bonds of the Yazoo & Mississippi Valley Railroad Company have been issued to this
amount and sold at par.
EQUIPMENT.
The Company owns 105 engines, 76 passenger cars and 3,299 freight and work cars. At the close of the year 4 passenger cars and 95 freight cars were out of service. Funds have been provided for replacing them by charges already made
against the cost of Maintenance of Equipment.
The average capacity of revenue freight cars is 23*48 tons per car.
INSURANCE FUND.
All losses by fire have, as heretofore, been defrayed from the Insurance Fund, which now amounts to $176,883 33, and
has increased during the year bv $24,472 08.
demands
To meet
of the
WEIGHT OF
RAILS.
All rails in the main track and nearly all of those in side tracts are of steel. The average weight of rails in
track is 58 46 pounds per yard, the lightest 40 pounds, and the heaviest 75 pounds.
main
-
AUTOMATIC COUPLERS AND AIR BRAKES.
The requirements
law in respect to automatic couplers and air brakes have been complied with. All cars are
equipped with automatic couplers and 54*55 per cent of them with air brakes; this, on a railroad so level and straight as
yours, is sufficient to safely handle all trains.
of the
GENERAL REMARKS.
receipts have again been larger than in any preceding year, this for the sixth time in succession. The
gross receipts per mile operated were $5,800 18, which is $502 89 per mile more than they were last year and $1,007 19 per
mile more than in 1899.
In last year's report reference was made to an increase of $270,120 21 in the receipts from Passengers, as affording
evidence of the prosperity of the people served by your railroad. It gives me great pleasure to say that during the year
under report the receipts from PasseDgers have been further augmented by $277,023 29, an increase of 25"C4 per cent over
last year, while the receipts from carrying the Mail have this year grown by 17 09 per cent, and those from Express by
29*12 per cent.
From this it may safely be inferred that the people living along the line are steadily growing richer, and
that they are diversifying their industries by giving attention to many other things besides the mere cultivation of cotton.
While the latter commodity continues to afford a large share of the receipts from freight, the carriage of lumber has, in
this and in the preceding year, yielded a somewhat greater revenue. The wealth which still lies dormant in the forests of
the State of Mississippi, and the importance of the cities of New Orleans and Memphis as markets for the lumber yet to
be produced therefrom, cannot well be over-estimated. Moreover, as these forests are cut down the unsurpassed fertility
of the land under them brings it speedily into profitable culture, a condition which does not prevail in many other heavily
timbered districts, especially those in the Northern States.
The gross
PENSION FUND.
To provide
for the retirement from the service of those who have reached the age of seventy years a scheme of
pensions has been adopted, effective July 1, 1901, whereby a monthly allowance is to be made to each person retired,
equal to one per cent of his average monthly salary during the ten years preceding retirement, multiplied by the number
of years in which he has continuously served the Company. Provision has also been made for pensioning euch officers
and employes, sixty one years of age and over, as have become incapacitated. From the income of the year under
report the sum of $50,000 has been set apart as a Pension Fund, and the Company has obligated itself to make in each
year an appropriation of an amount not exceeding $20, odd in payment of the pension allowances for such year.
The thanks of the undersigned are, as ever, due and gladly tendered to the officers and men in every branch of the
service, to whose skill and fidelity the results above set forth are so largely due.
The attention of the Board is invited to the Report of the Vice President and the accompanying Balance Sheet and
Exhibits, and to that of the Second Vice President, which give in greater detail the results of the year's business.
Respectfully submitted.
New York,
STUYVESANT
August
FISH,
President.
26, 1901.
GENERAL BALANCE SHEET.
Abstract.
Abstract
A Road
B
and Equipment...
$52,307,739 45
Material and Supplies.
297,238 37
I
I.
Fodk Per Cent Gold Im
provemknt bonds of
1934.-OWNED
E
Capital Stock
Funded Debt:
1st M. Gold 5b of 1952—
(Y. & M. V. RR. Co)...
Gold Imp. 4b & Scrip of
1934(Y.&M.V.RR.Co.)
1st M. Gold 4b of 1934
i:
i:
Assets in Pension Fond.
50,000 00
Assets in Insurance Fund
176,883 33
6,278,432 25
Ry. Co)..
16,832,000 00
9,104,000 00
(L.
N. O.
&T.
&T. Ry.Co).
Net Liabilities
Pension Fund
Insurance Fund
Income (appl. to Overdue
lot on 2d M. Incomes)
Profit and Loss
$53,948,861 15
$2,800,000 00
2d M. Income 5b of 1934
(L N. O. &T. By. Co)..
Land Gr Inc. 6a of 1934
(L N. O.
1,117.000 00
$6,168,400 00
10,000.000 00
45,014,432 35
664,689 58
50.000 00
176,883 33
1,016,078 91
858,376 98
$53,948,861 15
THE CHRONICLE.
(>74
[Vol. LXXIII.
1B8TBA0T "A.»
KANKNT I.MI'KOVEMKNTS chakued to CAPITAL.
Way Lands
$2,597
311,286
65,912
4,298
20,320
Acquired
Station Grounds Acquired
Inge
Beet lot Houses
Water Works
20
68
83
73
24
217*0
Bridging
Ballrtstlng
140,045
180,140
221,576
4,435
-
Hidings
Reduction of Grades
New Telegraph
New Line?:
$39,-2
Belznna Extension
96
23
29
09
45 64
79
124,809 >-i
162,194 95
152,47* tfO
3,507 13
6-1,288
I.eland to Bouiie Pballa
Rosedale to Boyle.
Parsons to Grenada
Tutwller to Lake Cormorant.
Phlllpp to Greenwood
548.525 19
New Shop Machinery and Tools.
3,417,
ABSTRACT
50
$1,502,773 54
"C.'»
ASSETS AND LIABILITIES.
LIABILITIES.
ASSETS.
|
Bills
$5,834
153,686
664,101
13,852
Reclvable
Due from
Illinois Central
RR. Co
23
52
66
08
Audited Vouchers and Accounts—
Vouchers Audited prior to June 1, 1901...
$8,749 96
78,749 61
$87,499 66
$10,169 0(
151,200 2f
161,369 2<
Wages and Salaries—
39,710 00
Net Traffic Balances due to other Companiee
Accrued Interest— Coupons of Sept. 1 and
Deo. 1,1901
Payable at Future Dates Fund for Renewal of Engines and Freight
236.093 34
$78,184 7i
Fund
664.689 58
for
Automatic Couplers and
Air
23,664 8t
87 5,642 34
Other Accounts Payable
977,491 87
$1,502.164 07
$1,502.164 07
\
ABSTRACT "D.»
APPLICATION OF INCOME.
Net Receipts—
From the operation
Railway as
shown
From
on December 1.1900. and
June 1,1901. on $2,800,0
Y. & M
V. First Mortgage 5% Bonds
Interest paid January 1 aud payable Jul*
1,1901. ou $4,775,658 81 Y. & M. V.
4% Improvement Bonds aud 8crip
Interest paid September 1, 1900, and
March 1. 1901, on $16,832,000 L. N. O.
&T. First Mortgage 4% Bonds
Interest paid
of the
In Abstract "F"
other sources
$2,069,689 97
695 30
1$2,070,385 27
$140,000 00
191,026 3
673,280 00 $1,004,306 36
Set apart to establish Pension Fund
Balanoe (applicable to Overdue Interest
on Second Mortgage Income Bonds)....
50,000 00
1,016,078 91
$2,070,385 27
$2,070,385 27
TABLE
No. 2.
COMPARATIVE STATEMENT OF GENERAL OPERATION FOR THE YEARS ENDED JUNE
30, 1901
Year Ended June 30th.
Increase.
HOI.
1,056-61
Miles run by Freight Trains
Miles run by Construction Trains
.
Total Miles
Mileage of
Empty
Freight Cars
Number of Tons of Freight carried One
Number of Passengers carried One Mile
Mile.
Operation Expenses per Train Mile
Excess of Receipts over Operation Expenses,
per train Mile, exolufive cf Taxes
55-83
Per Cent of
Increase or
Decrease.
4-79
546,636
658,766
24-07
15-55
4,844,561
4,235,564
608,yw7
1V38
33,685,630
12,283,663
29,978,250
11,932,774
41,911,024
5,904,462
3,7O7,i,80
1237
350,889
4,05x. 169
2-94
9-68
489,184,635
{5,347,045
384,492,780
42,534,812
18- 3
585,70iJ
992
104691S55
27-23
^ 3012
12.812,233
$6,127,941 75
3,757,895 82
$5,300,889 55
3,217,796 24
$827,052 20
540,099 58
15-60
16-78
2.370,045 93
2,083,093 31
286,952 62
13-78
$5,800 18
$5,297 29
3,215 61
$502 89
3,55b 90
34129
9-49
10-61
2,243 28
2,081 68
16160
7-76
$1 68 39-K
103 261 00
65 13-10(
Average No. of Loaded Freight Cars in Train..
Average No. of Empty Freight Cars in Train..
Average No. Total Freight Cars in Train
14-83
5-41
20-24
Average Number of Tons of Freight In Train.
Av. No. of Tons of Freleht in Each Loaded Cat
Average Number of Passengers per Train
315-44
14-52
40-44
Decrease.
5-58
62.594
351,689
106,046
88,668
Excess of Receipts over Operation Expenses,
Gross Receipts per Mile of Road
Operatton Expenses per Mile of Road
Excess of lieopipts over Operation Expenses.
1,000-68
ISOO.
1,305,897
1,918.979
440. =>90
570,098
1,368,491
2.270,668
46,969,
3
6,490,170
Mileage of Passenger "Cars
1900.
AND
$1 64 37-100
99 78-100
$0 04 2-100
03 48-100
2-45
3-49
64 59-100
CO 54-100
•84
79
15-62
5-06
622
1302
•81
21-84
7-33
1-60
200-S6
12-83
3257
15-08
1-69
7-87
7-53
13-17
2416
September
THE CHRONICLK.
28, 1901.]
COMPARATIVE STATEMENT OF MAIM
Mai a
MUt*
!
I
WAY AMD 8TRUI
IR8
./at.
i
of
r nil
1
0*
675
ir.
TofU
fir
Other
.
H
Frock.
..ills.
coo -is)
.
I4H
»4,1
j/.T'
i-
I
12.1
1...
3K
-
120,1-38
l'.HXI. ..
11KJ1
104*85
l.otfo-
..
.i
iCr.jtvll 04
COMPARATIVE STATEMENT OF MAINTENANCE OF EQUIPMENT JULY
1893
1,
TO JUNE
30, 1901.
Mai--
Repairs and Renewals.
Tears
Engines.
Pas'ger Oars.
Other
Freight Oars.
Per
ended
Per
Engine
June
30th.
No. Amount. Xo. Amount.
1894
1895
105
105
1896..
1897..
1898..
1899..
1900..
1901..
105
105
105
105
105
105
$90,4S3
107,03*
116.952
89.933
167,985
149,915
130.051
192,296
76
76
76
76
76
76
76
76
So.
$30,905 3286
31,*
-
35,235
42,314
44,347
36,631
40,271
43,954
3286
3286
3^86
328d
3286
3299
iircunf,
Pass'nger Freight
Mite.
$160,822 3
172,489 3
14,'.
3
160.014
162.460
164,770
143,354
219,388
2
4
3
3
3
Per
Oar
Oar
Mile.
Mite.
Maintena'ce
Shop,
Equipment
Muin-
Expenses,
tenanee
Mac/ii'tery
and
Including
Superintend
> q u ijt-
Tools.
nice.
Per Mile of
Ma
Koad
rneiit.
Murine
Bgutpmt nt).
6-1000 61-lOOc 44100c
Oo 89-1000 52-1000
»i-;ooo 96-1000 4 2-K 00
90 100c 1 17 1000 40-1000
42-1000 1 13-1000 32-1000
81-luOo 80- 1 Oo 36100c
7-KiOo 7 5100c 32-1000
67-1000 44100c
49-100t
82-1--
(
$3f 2,171
885,961
$13,176
$6,785
6,546
6,347
5,927
9,253
15,732
15.331
15,749
lH.0->8
18,033
18,' 54
20,478
27,952
27.782
29,418
COMPARATIVE STATEMENT OF RECEIPTS FOR THE YEAR9 ENDED JUNE
$1,408
1,669
317,91
4"5,44L
401
920
13,898
7i6
936
30, 1901
3.,.
501,741
AND
Increase or
Decrease.
Telegraph
i
0,420
17,669
5,922
21,862
22,643
37e,82l
.'
Demurrage
Rtulroari Hotel
Total
3.',
~,
-;
54
41
04
85
b4
979 27
2
f-,278
23
19
6,992
2,6-6
17,494
21,406
334.071
50
00
7
1
00
24
50
97
$6,127,941 75
=—
E:
80,345
100,236
64,824
14,510
6,160
1,'.
142 49
676 by
3,596 00
80
4,36-!) uO
1,236 72
44,750 17
$5,300,889 55
$827,052 20
24
78
30, 1901
AND
1901.
Number
Carried One Mile
Av. No. of Miles Trav. by each Pass.
Passe'-ger Receipts
Average Fare of each Passenger...
Average Receipts per Pass, per Mile.
Passenger Receipt* per mile of Road.
Gross Receipt' <>) Passenger Trains.
Gross Reo's of Pas Tr*ns per M.of R'd
Miles
Run by Passenger Trains
Root's of Pas
.
Trains per Train Mile
•
•5
2
30-60
2-27
3 98
128
24-97
$12,235*
07
5-78
13-39
15-60
P.O.
Increase.
Fi eight Receipts per Mile of Road...
Miles Run by Fi eight Trains
1709
29
18-75
1903.
Year ended June 30th.
Average Receipts per Tod Per Mile.
2.5-64
.:-.,
COMPARATIVE STATEMENT OF TRAFFIC FOR THE YEARS ENDED JUNE
Tone of Freight Carried
Tone of Freight Carried One Mile...
Average Distance Haul oi One Ton..
13-04
$469,034 44
27-.023 29
17,1 <0 42
18.874 90
2,720 87
33 28
$3,59=5,633 25
69
83
83
94
72
,493 92
27,744 2(»
$4,061,697
l,357.3f8
117,366
83,698
17,231
Train Privileged
Decrease.
1900.
1901.
1
1900.
Per Cent of
Increase.
Matl
$374 31
416 17
399 12
891 74
501 10
413 70
356 55
474 02
32(
Tear Ended June 30th.
Freight
Operated
(Excluding
Total.
1900.
2,453,135
489,184,635
199-41 miles
$4,064,697 69
$1 66
831-lOOOc
$?,847 29
2,270,663
$1 79 Ol-lOOo
2,089,486
384,492,780
184 01 miles
$3,595,663 25
$172
935'lOOOc
$^,593 22
29-88 miles
$1,357,368 83
73 28-1000
2 45-100o
$1,284 77
91,686,714 87
$1,501 85
1,368,491
$1 15 95-lOCOo
$254 07
1,918,97s*
361,689
$1 57 37-1000
1,737.589
42,534,812
1,852,296
55,347,045
363,649
104,691,855
15-40 miles
$469,034 44
24 48 miles
$1,080,345 54
62 18-1000
114,757
12,812,233
5-40 miles
$277,02 i 29
11 10-lOCc
2 54-1000
$1,079 61
$1,2(9,966 10
$l,2b9 10
1,305,897
97 25-1000
Inc.or
Dec.
17-40
27'2
8-37
f
1304
3-49
11-12
$0 06
104-lCOOo
7-07
18-33
4-46
•Oi o 6-1000
6-60
3012
22-C6
25-64
17-85
3-54
9-100C
1900
$205 16
$316,748 27
$232 75
62,594
18 70-1000
24-94
18-34
4-79
19-23
THE HOCKING VALLEY RAILWAY COMPANY
SECOND ANNUAL REPORT -FOR THE YEAR ENDING JUNE
To
the Stockholdtrs:
As compared with the previous
The
results of the operation of your property for the year
ending June 30th, 1901, were as follows:
Gross Earnings
Operating Expenses and Taxes
Net Earnings
Net Income
$1,354,177 71
59-86%
year:
$235,991 18
144,u
$91.912 44
Net Earnings Increased
Dividends were declared on the Capital Stock as follows:
$1,867,972 30
513,794 69
1901.
Cross Earnings inoreased
Operating Expenses Increased
$4,653,258 15
2,785,285 85
Interest charges. le=s lnoome from Subsidiary Companies
and from Securities
Ratio of Operating Expenses and Taxes to Gross Earn'gs
30,
2%
on $14,000,000 preferred stick, payable Jan. 10, 1901 ¥280.000 00
"
•'
••
"
Inly 20, 8 1. 2i>o.joooo
-j"i on $10,421,625 oomtuon stoofe, payable July SO, 1901. 166,334 Si
.
2>'o
l
1
Total Dividends
$716,324 38
THE CHRONICLE.
676
Deducting these dividends, the Profit and Loss Account
shows a oreait balance of $1,579,648 SS.
Operating Expenses were charged through the Renewal
Reserve Fund with the following extraordinary expenditures, viz
:
For the purchase of new Equipment
lboxoar
And
for rebuilding
forward
Less Mortgage Bonds retired
Jlrouffht
%i, 162,000
:
Columbus & Toledo Seoond Mortgage7% bonds. $800,000
1st Mortgage Consolidated 4»« % bonds retired
through sinking fund contributed by Buckeye
Coal A Railway Co
33,000
:
683,000
$125,739 00
65,930 00
14, 2v!!l 00
756 65
10 freight engines
7 passenger couches
3 baggage and mall oars
[Vol. LXXIII.
905 freight oars
Net Increase
„„„_,„.
$196,654 65
120,007 08
$529,000
With this report are submitted the Balance Sheet and Income Account verified by Messrs. Patterson, Teele & Dennis, also the u*>ual statistics and information.
By order of the Board of Directors,
$316,661 73
Total
2,512 tons of new steel rails weighing 80 lbs. per yard were
laid on the Toledo Division, and 3,810 tons of new steel rails
weighing 07 lbs. per yard were laid on the Hocking and
Ohio River divisions, making the total rail renewals for
the year 4,822 tons.
For the items of other considerable renewals and improvements of the equipment, tracks and structures, which
were charged to Operating Expenses, reference is made to
the tables accompanying this report.
The following expenditures were incurred for Capital Account, viz
Purchase of Additional Equipment
8 Consolidation freight locomotives
Automatlo couplers (exoludlng cost of application)
$104,000 00
Total oharged to "Rolling Equipment" Account
$106,069 60
2,069 60
Additions and Improvements
MONSARRAT,
N.
INCOME ACCOUNT YEAR ENDING JUNE
Coal Earnings
Freight Earnings
Pafsenger Earnings
Mall Earnings
Express Earni ngs
Miscellaneous Earnings
President.
30, 1901.
$2,161.974 65
1,525,056 06
682,283 53
40,688 63
34,538 99
208,716 29
Gross Earnings
Maintenance of Way and Structures
Maintenance of Equipment
ConductingTransportation
General Expenses
$4,653,258 15
$516,802 33
747,463 24
1,284,291 06
10ti,946 26
$2,655,502 89
119,782 96
Total Operating Expenses
Taxes
Total Operating Expenses and Taxes.
2,785,285 85
Yards at Walbridge,8outh Columbus, and Nel$40,460 50
12,357 16
1,299 90
sonviile
Repair Shops and Machinery
Station Buildings.
Additional sidings, lnoluding tracks to coal
mines and Industrial works, also Interchange and connection tracks
Double-tracking Scioto River Bridge
Additional Water Supply
Additional Toledo Dock Machinery
Net Earnings from Operation
Inoome from Securities owned
Net Income- Subsidiary Companies
Net Income— Toledo Dock
94,836 30
20.539 75
1,622 74
17,240 00
Total Other Income
188,356 35
Charged to "Cost of Railroad and Property" Account.
Total
Car Trust obligations
(principal)
werereduoed
Aggregate
$1,867,972 30
$252,177 28
211,196 77
10,710 12
474,084 17
Total Available Income
Interest on Funded Debt
Interest on Unfunded Debt
Lease Rentals
Net Deficits- Subsidiary Companies
$294,425 95
576,362 47
Total Deductions from Inoome
$8:0,788 42
Net Income
In accordance with the provisions of the Mortgage, $1,000,000 First Consolidated 4}£ per cent Mortgage bonds were
sold, the proceed? to be used and applied for the acquisition
and construction of new property, and for betterments and
improvements, including rolling stock, and also to reimburse the Company for expenditures made for such purposes
out of funds other than proceeds of bonds previously issued
under the mortgage. At the close of the fiscal year there
remained in your Company's treasury $413,081 62 unexpended
balance of the proceeds of these bonds.
Of the 6 per cent Car Trust Bonds $184,000 were retired in
accordance with the sinking fund provision. This expenditure was partially covered by the issue and sale of $101,000
of your Company's First Consolidated Mortgage 4^ per cent
$2,342,056 47
$819,763
62,042
24,428
81,644
74
02
28
72
937,878 76
$1,354,177 71
Percentage of Operating Expenses and Taxes to Gross
Earnings 59-86£.
Louis P. Ecker
Auditor.
PROFIT AND LOSS ACCOUNT, YEAR ENDING JUNE
30, 1901.
Credits.
1900.
June
30,
By Balance
$938,982 76
1901
June
June
30,
By Net Inoome
30,
months ended this date
By Sundry Profit and
twelve
for
1,354,177 71
Loss
2,81053
items (net)
$2,295,971 00
bonds.
There were also issued and sold $61,000 First Consolidated
Mortgage i% per cent bonds, the proceeds of which were
a*pplied to the acquisition of property and underlying se-
Debits
June 30, To Dividends
curities.
June
30,
To Dividend
June
30,
To Balance
A
net increase of $529,000 was made in the mortgage debt
as follows
Additional issues of First Mortgage Oonsoll-5* 1
'ioiooo
dated 4^ % bonds as above stated.
'
(
Stook,
on
Preferred
No 3—2%
No.
No.
4—2%
on Common
1— 1^%
$280,OPO 00
280,00000
Stock,
156,324 38
1,579,646 62
$2,295,971 00
Louis P. Ecker,
6i!ooo
Auditor.
$1,162,000
CONDENSED BALANCE SHEET, JUNE
30,
1901.
LIABILITIES.
ASSETS.
Cost of Road and Property
$24,551,267
5,866,112
Securities Owned
11,801,263
Capital Stock
Special Account per
Contra
46,325
Unexpended Balance in Sinking Funds.
99,450
Cash Reserved for Construction and
Equipment
413,081
Material and Supplies
212,302
Rolling Equipment
—
$15,722,000 00
647,000 00
10,421,625 00
14,000,000 00
Capital Stook Preferred
Car Trust Obligations. ...$1,091,988 78
Less Interest unaccrued,
104,698 91
987,289 87
inoluded In face of notes
Mortgage Debt
Oar Trust Bonds
Capital Stook— Common
92
20
22
00
68
62
41
Securities
Owned- -Special account per
46,325 00
contra
Total Invested Assets
Cash
Cash in Transit
Cash with Financial Agents to Pay Coupons and Dividends
Due from Agents and Conductors
Due from U. S. Government— P. O. Dept.
Due from Roads, Individuals and Cos...
—
Bills Receivable
Accrued Interest Receivable
Unexpired Insurance
Total Working Assets
$42,989,793 05
335,067 97
38,292 79
330,289
81,364
10,171
828,409
959,912
5,167
Total Capital and Mobt. Liabilities
Unp.id Labor
Drafts in Transit
Due Roads, Individuals and Companies.
Coupon Interest due and unpaid
50
03
97
Dividend No. 4 on Preferred 8tock 2%..
Dividend No. 1 on Common 8took Ha%.
Bills Receivable Discounted
Accrued Interest on Funded Debt
Acorued Taxes
Reserve Funds
09
50
53
$41,824,239 87
$130,511 79
14,945 34
311,527 34
250,289 50
280,000 00
156,824 38
800,000 00
105,406 66
47,173 04
79,548 28
1,144 39
Total Working Liabilities
2,589,819 77
$45,579,612 82
Profit
and Loss-Surplus
2,175,726 33
1,579.646 62
$45,579,612 82
Louis P. Ecker, Auditor.
September
38,
THE CHRONLCLF.
1901.
077
THE CHESAPEAKE & OHIO RAILWAY COMPANY.
TWENTY.THIRD ANNTAL REPORT -FOR THE FISCAL
Richmond, Va., Septeniber
To the Stockholders
The twenty-third Anuual Report of
for the Bbobi year ending June 80th,
mitted
t
lie
Hoard of Direotoi is herewith sub-
6641
1900.
t64-l
231-8
231-8
93-5
208-4
93-5
Louisville Line— AMiland to Louisville
Qti t-nbrler Lino -Wtiitoonib to Cass
$695,742
364.C00
80-8
1,561-6
129-2
track
551-3
Sidings
2,242
tracks
Average mileage operated
1
278-4
46
1,476-2
128-6
533-5
85-4
and Loss June 30th, 1901
2,138-3
103-8
•<;
.
Issue of 4>s% bonds for construction purposes
¥1,500.000 00
Nsue of iVo bouds for] equal amount of Manchester
30-4
bonds
Road Owned.
(In
Issue of
15.C00 00
1,000 00
Treasury)
aooount exchange of pref. stock
ih% bonds
1901.
Mites
.
$1,516,000 00
Miles.
Main Line-Fort Monroe. Va., to Big Sandy River, Ky... .5120
Richmond & Allegheny, Fultju (Richmond) to Clifton
231-4
Forge, Va
Branches in Virginia and West Virginia
1341
877-5
Leased.
Orange Branch. Southern Ry., Gordousvllle toOrango.Va.
Passenger and Belt Railway, Lexington, Ky
The amount realized from the sales of i}i per cent bonds,
the Manchester water power, which was sold in previous
year, and the Richmond Dock property, sold this year, was
appropriated as follows:
9-0
4-2
For second track
For other improvements
13-2
Operated Through Stock Ownership.
$1,191,559 21
3,610,8^1 41
$4,802,450 62
Th^ amount drawn from fund
1901. has
Mays. Ai Big Sandy RR., Ashland Jot. to Licking River, Ky.142-7
Oovir^ton Short Route Transfer Ry., Licking River to
K. C. lunotlon, Ky.
0-8
Cov. & Cin. Elev. RR. & Transfer & Bridge Co., K. C.
to
4,690.814 44
Balance to credit of Second Traok Fund
81
195
1850
Greenbrier Railway, Whltcomb to Cass, W. Va
80-8
Greenbrier & New Rlv. RR., Thurmond to Kay moor. W.Va. 126
Glen Jean Lower L?up & Deep Water RR., Glen Jean to
W. Va
Carlisle,
Alberene Railroad, Warren to Alberene,
3-6
11-1
Va
1081
Operated Undir Contract.
Sulphur Mines RR Mineral to Sulphur Mines, Va
QalnDlmont Short Line Railroad., Quinnlmont to Greenwood, W. Va
Keeney's Creek RR Nuttall to Lookout, W. Va
Deep Water RR., Deep Water to Robson, W. Va
NEW
CONSTRUCTION.
Expended
Total Amt.
Eslima'ed
Dur. Year
End. June
30, 1901
$365,910
Expended
Amt. Neces-
to Jui't
30, 1901.
sary for
Completion.
$1,111,146
$150,000
*1,488,648
358,767
97,044
524,578
Completed
567,637
Completed
$3,779,053
$661,767
t$1.279,348
113,941
$2,050,902
166,685
$70,400
38,000
Total
$1,393,288
$2,217,587
$108,400
Grand Total
$3,668,500
$5,996,040
$770,167
Total
$2,275,212
Provided tor by Separate Issue
5-2
7-8
3-8
,
$111,636 18
Provided for by the Sale of
4»a% Bond a.
Second Track (50 miles)
Richmond track elevation, including real estate
1,241,432
Riclimo d passenger station
(one-half cost)
93,099
Plney Crtek Branch (13 6 mllesi
143,634
Guyandot Valley Line (265
miles)
431,137
4-0
,
1,079,923 03
3,610,891 41
\
,
,Mt. SterlingtoRothwell.Ky.
30,
been—
165 4
Elizabe htown Lexington & Big Sandy RR, Big Sandy
River to Ashland Jct.andStralt Creek to Lexing'n^ Ky. 109-2
Ohio & Big Sandy RR Hampton to Peach Orchard, Ky.
4v2
Ohio River & Charleston Ry. of Ky., Richardson to White
Ky
Kentucky i South Atlan.RR
June
For second track (uncompleted)
For other improvements
Junction, Ky., to Cincinnati.
2-1
Ktnnloonnlck & Freestone RR., Gartison to Carter, Ky... 19-8
House.
.$1,062,325
.
.
The decrease of $1,000 in Capital Stock shown in Balance
Sheet is due to the coa version of preferred stock into bonds
and common stock.
The increase in Funded Debt of $1 "310,000 shown by Balance Sheet is explained as follows:
17.8
1,4762
1,506-6
credit of Profit
Deduoted from Gross Earnings In 1900.
20(4-4
2t-3
Second track
U
Balance
808
Branches
all
reuse
(
Cordons-
ville
Total of
Tn-
to
Clifton Forge
Flm
697,725
V
3' t/i,.lune30llt,
1901.
to
Balance transferred to credit of Prollt and Loss
to credit of Profit and Losh J one 30ih,
1900
$1,000,312
Deduct:
60
Dividend No. 2, paid November 26th, 1900
Discount on bonds sold
68,003
22,391
Sundry old accounts written off
Amount
MILEAGE OPERATED.
Washington Line— Washington
I9<ii.
80,
this Net Iuoome for the year
$2,001,8*J7
the following has heen deducted:
Extraordinary Expenditures for new (quip, aud construo'n 1,304,172
:
Main Line— Fort Monroe to Cincinnati
Fulton
Richmond & Allegheny Line
SE
J!
From
16th, 1901.
1904,
June
YKAi; ENDING
of
20 8
Bonds—
Greenbrier Railway
Greenbrier & New River
Tracks of Othkr Companies Used Under Agreements
& Potomac and Washington Southern, Washington, D. C. to Alexandria, Va
6-7
153,000
RR
Baltimore
Southern Railway, Alexandria to Orange, Va
77 8
Ashland Coa <fe Iron Ry Ashland Jet. to Strait Creek, Ky. 21 '3
Louisville <fc Nashville RB Lexington to Louisville, Ky.. 84 4
Southern Railway, at Richmond, Vh
0-4
Baltimore & Ohio Railroad, at Lexington, Va
10
1
,
191 6
Total
1,561-6
GENERAL INCOME ACCOUNT.
For the year ending June 30th, 1901, and Comparison with
''
1900.
Earnings—
Freight Traffic
1901.
1900.
$
$
Inc. or Dec.
$
11,342,213
2,826,813
189,427
349,885
163,-04
10,095,144
2,681,076
171.908
324,678
129,264
7.1,747,069
7. 1j 5,737
7.17,519
/. 25,206
7.33,941
Gross Earnings
15,371,542
Expenses—
Maintenance of way and Struct's 2,217,761
Maintenance of Equipment
2,253,307
Conducting Transportation
4,844,375
General Expenses
250,437
13,402,070
/.
Passenger Traffic
Express Traffic
Transportation of Malls
Miscellaneous Souroes
Operating Expenses.
Net earnings
To whieh add :
Income from
<-m
—
rs
In addition to this there was charged to Extraordinary Expenditures as a deduotlon from Income $352,381 19, representing the expenditure for Richmond and other improvements over and above the
appropriation therefor provided by the issue of bonds.
* $21.4,147 98 expended for real estate prior to June 30, 1899.
t Includes disoount on bonds and interest on loan.
'
.
oilier
9,565,880
,
sources
(62 2%)
5,805, btl
1.865,414
1,^09,241
4,686,310
1,969,472
7.
7.
/.
24^,820
4,695,v:85
149,925
148,371
5,955,586
4,843,656
7.
/.
859,095
1,110,377
7.
Funded Debt
3,100,094
onbondsof Controlled Roads
182,346
Dltr-ountand Exchange
65,412
Taxes
401,299
Loss on C. & O. Grain Elevator
and Cin Coal Terminals
60,992
Loss on C. & O. Steamship Line.
34,703
Interest on
Int.
Int.,
& O. S. 8. Debentures purchased and canceled
7.
1,554
1,111 931
Total Deductions
Net Inoome
Newport News Dock
The following items are included
Maintenance of
New
in
Wat and
3,061,294
168,850
60,081
360,853
7.
7.
Operating Expenses:
buildings
.
,
Interlocking
Change of Line at Snowden, R. & A. Line
Improvements at Mann's Tunnel near Fort
98.800
13,496
7.
Sprint,'.
20,446
7.
7.
46,253
34,703
7.
4R.S51
Maintenance of
1
14.740
48,551
292
1,256
3,953,689
2,001,897
8,687,074
1,156,532
D. 965
7.
7.
266,615
845,315
locomotive
baggage oar
1 Car barge
533 freight oars
New tools and machinery
Betterments to looomotive equipment
1
Total
Grand Total
$11,516 53
166,228 03
78,057 74
2-3,519 60
235,6.-0 45
1.5S3
l-\403
17,057
15,552
21
87
05
06
$341,578 54
Total
5,331
7.
92
85
39
78
CO
71
52
43
66
70
4.M4 66
105,867 97
352,381 19
$458,275
47,291
193,478
15,282
56,675
19,304
11.382
11.555
3^,015
6.144
Structcrks.
Permanent bridge structures and embankments
Ballast
Ties
Rails.
30, 1901,
$1,301.17178
Total
Miscellaneous
O.
Uncollectible Aocounts
Electrlo crane,
Overhead bridge at 28th Street, Newport News
Telephone line Hinton to Handley
Lam damages, aooount double track at Catlt-t'sburg, Ky.
15-6 miles additional sidings, including yard tracks
Construction in excess of bond issue
V17
-xnttt
Gross Inoome
From which deduct:
25 freight and 3 passenger looomotlves
9 passenger oars
30^ freight cars
21 cabin cars
Partial payments on new steamer "Virginia"
Car float
50 ton steam derrick
352,347
344,006
158,065
7.
8,706,785
(64-9%)
Extraordinary Expenditures Year Ending Junk
Deducted From Net Income.
E..'in
Mtsr.
$15,837 24
14
4,6
7,375
230,511
54.056
14,711
00
99
01
32
$327,101 70
$1,168,680 24
THK CHRONICLE.
678
New Equipment hs above represents replacements during the year account equipment destroi ed.
In addition i<> 8,809 freight cars owned by th<* Company,
there are 5.400 freight cars in its possession, the ownership
of which is in the uilding companies pending the final settlement therefor, on which monthly payments are to be
made, as follows:
$12.175 00
Contraot 8, l.eoo box oars, expiring Sept. lfttn. 1901
B, v 9* 33
Oontraot 4, 500 gondola earn, expiring Sept. 20th,1»"3.
6 3«P 33
ContrHOt r\ 8 O uonrtola ours, expiring June lf>t, 1901.
I
Contract
Contraot
Contract
1905
8,100
93
02
$58,466
Total monthly payments
$1,902,696
Amount raid on thin equipment to Tune 30th, 1901
Amount charged to Operatlnir Expenses and
bu dry reditu. year ending June30th,1901.$2B6,30« 80
764,1*179
Previously charged
°
1,030,430
Operating
charged
to
Amount held In snspense to be
872,265
Expenses In future
59
43
Contract No. 1, covering 1,000 box cars, and Contract No.
2, covering 500 gondola c-rs, having- expired January 3d,
1901. and June 15th, 1901, respectively, and the full payments having been made thereunder, the said cars became
the property of t e Company on the dates named.
The 25 locomotives and 100 coke cars mentioned in the
last annual report as having be-n ordered last year were
received, also 4 additional locomotives 200 flat cars, 21 cabin
cars, 1 pressed steel car. 1 steam derrick and 10 passenger
cars: of this number 1 locomotive and 1 passenger car were
charged to Operating Expenses to replace equipment dismantled; the remainder were charged to Extraordinary
In addition
Expenditures, and deducted from Income.
$230,51199, the co-t of 533 freight cars, was charged to
Expenses to replace equipment destroyed.
STATISTICS.
All Lines Operated Directly.
1901.
1,506-6
$11,842,213-04
Miles
Freight earnings
77
Per cent, of gross earnings
5,422.332
Coal and ooke carried, 'ens
4,703,165
Ottier freight carried, tons
10,125.4-7
Number i>f tons oarrled. total
Number of t< ns oarried on- mile. .. 3,051,175,642
301
Average miles eaeb ton was ear' led..
Number of tons oarried per mile of
roai
6,720
Number of tons oarried one mile per
mile of road
2,025,206
....
$7,86o 22
Freight earrings per mile of road....
$1-17
Average earnings per ton
Average earnings per too of coal per
2-72
mil*- <mlil»)
Average earnings per ton of freight
5-25
other than ooal (mills)
Average earnings per ton per mile
from all freight
Average number
(mills)
of tons
I
0-4
$1,747,0 8 84
1-7
/.
7.779.341
400 68
/. S78,«57
D
I.
104,281,f-3-
D.
1
67
J.
2.13,812
I.
$9«9 81
I. $ 14
/. '70
/. -69
3-88
I.
-45
In loaded
22
oar
Average revenue train load Cms)...
Average revenue train load including Com any freight (tonsi
Average number loaded oars per
east bound freight train
Average number en<pty oars per
east bound fretgh train
Average number loaded oars per
-west bound freight train
Average number empty cars per
1.1
1.26
611
533
|
west-bound freight train
Average nun hei loaded cars io train
Average number empty oars In train.
i
2>. -4
5-3
I. -8
15-9
D.
18-5
22-8
D. 5
-5
7. *3
119
3,343,143
Freight oar mileage
207,2 0,« 6
Louded oar mileage
135,8 5.33Z
Emptv car mi eage
71,465.544
Freight train ml eage rermlleof road
3,9*2
Freighter rntngs per freight train mile
$1-98
* Includes mileage madn by light, trains.
i
kiff, 26-5 miles.
The Greenbrier & New River Railroad extension, on
the south side to New River, is completed except the laying
of the rails, and should be in operation October st.
Ihe completion of these various lines, also the second
main track under construction at the beginning of the year,
has been seriously delayed by t e unprecedei ted rainfall
during the spring months, causing numerous slides and
washouts both on the main and branch lines, adding
greatly to the cost of constructing the new lines and the
expense of maintaining existing lines.
The track elevation through Richmond is practically completed; the Union Passenger -tation is under construction,
and it is expected that it will he ready for occupancy by the
joint owners the Seaboard Air Line Railway and the
I.'b
—
on November 1st.
Greenbrier Radway 4 per cent forty-year sinking fund
gol«l bond*, guaranteed by the
hesapfake « Ohio Railway
Company to the amount of $J, 000,000, were sold during the
year at a satis'aotory price, and the proceeds in part applied
to the reimbursement of your Treasu y for advances, and
the remaining funds to the cost of completi g the line.
Greenbrier & New River Railroad 5 per cent hoods, also
guaranteed by your Company to the amount of $111,000 00,
were issued to cover advan es made lor construction purposes, leaving $2,940 72 still due on this account.
These
$111,000 00 bonds, with the $52,000 00 issued the previous
year, and $31,000 00 already in the Treasury, are deposited
with your Treasurer.
Contracts were made for 25 freight locomotives and 1,000
freight cars, to cost $1, '40. 677 50, delivery to be made in
August and September, 190 1, Of this amour t *140,677 50
is to be paid in cash and the balance is provided for by the
.-ale of $1,000,000 4? Ten- Year Car Trust certificates, payable one-tenth annually.
<
&
The Glen. an, Lower Loup
Deep WateT Railroad—
coal branch, 3*6 miles in length, intersecting with your
I
296
34-7
5,969,060
Total oars per freighr, train
* Miles run by frel bt trains
Miles run by switch and construction
trains
to
Marlinton, 56 2 miles from Whit comb, and rn June 1st to
Cass, 80-8 miles; the grading and bridging on the remaining 14 miles is completed and track-laymg should be completed by November 1st. This line will be 1 ased to your
Company an operated as the Greenbrier Division.
The Piney Creek Branch (Prince to Raleigh, 13'6 miles)
was completed and placed in op ration July 1st, 1901; also
the Guyandot Valley Kailway from Barbjursville to Mid-
hesapeake& Ohio Railway
Increase or
Decrease.
.
named the Kentucky Division.
Oo that date the Greenbrier Railway was completed
-
<
FREIGHT TRAFFIC
track, branch lines ami improvements at Richmond, including real estate, $1,896,694 69, out of funds provided by 4J^
per cent bonds referred to in last annual report.
*4MH|
On January 1, 1901. changes in operating divisions were
made as follows:
The Peninsula, Washington and James River Divisions
were abolished, the two rJrst-named attached to the Richmond Division, also the Rivanna District of the James
River Division; the Mountain District of the Richmond
Division was detached, and with the Alleghany (now James
67
60 River) District of the James River Division formed into
the Clifton Forge Division; the Cincinnati, Lexington,
00 Louisville and Big Sandy Divisions were consolidated and
9,116
19,372
6, ' ,eOO box e«rs. expiring Oct 1st, 1P04
7. 1,.*00 gondola cars, ex plrlngjuly 1Mb, 1005..
Deo. 1Mb,
• 0(> steel gondola earn, expiring
8,
[Vol. LXXI1I.
Loup Creek Branch near Glen Jean Station
sum
was purchased
and the c
pita! 3tock (751 shares)
dsposited with the Central Trust Company, in compliance
with the terms of the Genera Mortgage. This liDe will in a
for the
of $75. 00
>
few months produce a large additional coal tonnage.
Th- discount on the General Mortgage 4% percent bonds
sold during the >ear, amounting to $6d,062 50, was oharged
and Loss.
The usual purchase of the debentures of the Chesapeake
I 155, 97
Ohio teamship Company, Lim'ted, was made, requiring
D. 2,32% 12V &
D. 4,7 2.-H6 the sum of $48,551 50; in addition $14,703 02 was advanced
1. 2,446.761
on account of loss in operation. The above amounts appear
D 17W as de motions from Income.
I. $ -31
The Coastwise -teamship Company's fleet was leased to
the hesapeake & Ohio Coal Agency Company for a period
ot one year from July 1, 1901, for an amou t believed to be
sufficient to pay the insurance, repairs and the interest on
Increase or the bonds held by your Company.
One of the tugs belongVtci ease.
ing to this fleet was sold during the year, and the amount
1. 30-4
2>.
97,50 i
to Profit
c
'
PA89ENGER TRAFFIC STATISTICS.
All Lines Operated Directly.
Miles
Passenger earnings
Per cent of gro-s earnings
Number of passenger* carried
Number of pa*»engeis carried one
1901.
1,506-6
$2,826,813-39
17-5
2,"30,5~4
mile.
oarried
Avei'gemlieseaohpas-ei ger was
of passenger* carried per mile
of road
Numner of passengers oarried one mile
per mile of road
Passenger eari.iiigH per mile of road
Average earnings from each passenger..
Average earnings per passenger per
mile (cents)
Average number or passengers per train
Pascenger train mileage
142,494,488
$145,737-0;
O. 2 5
I.
94.04.i
J.J6.6 12,47*
54
Numbtr
mneage
Passenger train mieage per mile
Passei ger ear
of road
Earnings per pani-enger tr in mile
Pashenger earnings per train wile
received will be applied to the reduction of the Coastwise
Compan\ 's bonds.
Your Directors call attention to the increase in coal and
coke tonnage of 15 per cent, the decrease in other freight of
6 2 per cent, the combined tonnage (10,125,497) showing an
increase of 3*9 p**r cent. Revenue ton miles increased 3'5
per cent, the revenue per ton per mile was 3*88 mills an increase of 13*1 per cent; the train revenue per mile was$l 98,
an increase of 18-tf per cent. The av rage train-io d was
511 revenu- tons, an increase of 4*7 per cent: including
Company's freight, it was 5<S* tons. Miles run by freight
trains decreased l'JJ per cent. There was an increase of 3'7
per cent in the number of passe gers carried; the number
per train averaged 51, an increase of 2 per cent, and the
revenue per train per mile was $1 20, an increase of o*4 per
c nt.
Tnere were purchased to be Jaid in the main tracks 22,231
tons of new ste>d rail, equal to 16+ miles; in addition. 3,465
tons, equal to 24 miles, for new second trai-k and Richmond
improvements, a total of :'5,696 tons. The ma n lines are
now laid with rails weighing fro-u 70 to 100 pounds per
yard, as follows: 100-lb., 201 mLes; 75-lb., 837 miles; 70-lb.,
-
1,746
94,580
$l,87tj-Z,8
$107
1*984
D. 3
I 1,855
$46 o2
I.
i.
$1-01
J.
-011
51
2,793 955
14,399,721
1.-54
$1-20
$1-01
/.
I
"0 27
J.
I. 629.
.*8
D. 4
I.
J.
* -04
$ 03
GENERAL REMARKS.
The Tncome Account of jour Company shows
a gratifying
increase in the earnings, the net income amounting to
$2,0ul,s97 04, out o* which has been taken for extra«'rdit.ary
expend tures, covering new equipment and construction,
$1,304,171 78. In addition there was expended for second
September
THE CHRONICLE.
28, 1901.]
In maintaining existing
15 miles- total, 1,153 miles.
;racks 744,>-55 ties were used, and in the construction of
lecond track and sidings 40,019, a total of 785,504 ties and
J28.549 yards of ballast.
The overhead bridge at 28th Street, Newport News (the
sxpense for which is borne equally by the city and the railway company), is now in course of erection, $39,015 66 havng been advan ed by jour company towaid this improvenent during the year, and charged against Income.
With the exception of two short trestles across the Chickkhominy swamp, near Roxbury, Va., the main line from
Newport News to Cincinnati is provided with permaneut
>ridges and culverts. Improvements of this character are
under way on the less important lines, and at the present
ate of progress should be completed within the next two
ears.
Three iron bridges, consisting of 14 spans, 1.695 lineal feet,
lave been replaced by new steel et uctures capable of carryng the heaviest equipment; the feeding yard, for stock en
oute, was transferred from Stock Yards station to Uinton,
lew and modern pens having been built at the latter point;
,n addition was made to the machine shop at Huntington
,nd the same equipped with new tools; new ioe houses were
tuilt at Clifton Forge and Huntington; a small-pox hospital
>n air-testing plant and a steam-testing plant at Clifton
\>rge; a new c-.r barge purchased to operate between Ashand and Ironton ; an extensive change of line made at ^no wlen, and a portion of Mann's tunnel, near Fort Spring,
aken out; new poles were provided for 62 miles of telegraph
ine and 98 miles of new wire placed.
All of the above was charged to Operating Expenses.
Extensive repairs were made to 268 locomotives (an inreas- of 20"2 per cent) and to 201 passenger cars. The
verage amount expended for repairs per locomotive owned
ras $1,440 67, an increase of 2 per cent; per passenger car
742 69, an increase of 13*7 per cent; and for freight car
52 39, an increase of 7'8 per cent.
All of the freight car equipment is provided with auto
malic: couplers and 71 peroent with air brakes. Theavei
capacity of revenue freight car equipment is HO'fl tons, an
increase of 2 ton
Deoembei 7th. 1900, your Company was deprived \>v death
of the valuable services of one of the Director^, Mr. Hoi
.
Appropriate resolutions were pee*ed by the
II ml. n.
Board at its next meeting, December 11th, li*00. and appear
in this report. Mr. Samuel R. Callaway was elected a
Director and member of the Executive ommittce to succeed
Mr. Ilay<len. July 10th, 1901, Mr. allaway resigned from
the Hoard, and was succeeded by Mr. William 11. Newman.
April 23d, 1901, Mr. N. Parker Hhortridge resigned, and
was succeeded by Mr. John P. Green.
January 1st, 1901, Mr. C. E. Doyle, General Superintendent of the Eastern Division, was appoi'ted General M
ager. and Mr. C. C. Walker, Superintendent of the Rich
mond Division, was appointed to succeed hina.
Mr. J. W. Knapp, Superintendent of the Huntington
Division, was transferred to th- Richmond Division; Mr. .1.
H. arlisle, Superintendent of the Clifton Forge Division,
to the Huntington Division; Mr. H. C. Boughton, Superintendent of the Lexington and Louisville divisions, to the
Greenbrier Division; Mr. George W. Lewis, Superintendent
of the
moinnati Division, was appointed Superintendent
J.
<
<
r
«
•
new Kentucky Division, and Mr. E. W. Grice, Superintendent of the Clifton Forge Division,
The General Balance Sheet and statistical data are apof the
pended hereto, to which attention is directed.
The Board of Directors renew their acknowledgment to
the officers and employes for the fidelity and efficiency with
which they have performed the duties entrusted to them
dur ng the year.
By Order of the Board,
GEO. W. STEVENS,
President.
GENERAL BALANCE SHEET JUNE
Dr.
(>7<)
30, 1901.
Comparison wih
June 30. IV 00.
ASSETS
Or.
LIABILITIE8-
Comparison with
June 30, 1900.
Inc or Dtc.
ost of
Road and Equip-
meat
reenbrier <fc
RR
$
*
112,047.401 45
D. 13,714,768
New River
Ino. or Dec.
9
Capltal Stock— Common 60,529,500 00
"
"
lstPref.
11,700 00
D. 452,000
2d Pref
«•
1.700
D. 1,900
D. 800
I.
900 00
owls owned
12,022,418 19
took* owned
4,898,7.B>7 41
Jsoellane'us Securities
2)1,076 08
60,542.100 00
17,152,251 68
1,494, 02096
Companies
andry
/.
1,49 1,021
Construction
120,851 31
erty
«al Estate
I.
92,035
X>.
43,781
35,3 a 8
i>.
pedal Cach Deposit
(unexpended ba lance
of const; action Fund)
111,636 26
Total Invested Assets.
5,^00 Freight
Oars, less
amounts
D. 219,600
130,926,161 66
/.
1,541,808
3,033,410 51
/.
1,436,047
Dst of
oharged to Operating
Expenses
Current assets—
Cash 'epostt to
pay Matured Coupons
fecial Cash DepositDividend Aeoount....
ue from Agents & Conductors.
peolal
602,726 71
I.
144,906
'
326,443 71
7.
J.
226,433 64
Railways
362,1295 60
Individuals and Co's..
463.908 74
689,6 13 73
22,767 13
and Supplies..
Receivable
dvanoes to Greenbrier
Ills
15,165
/.
1,516,000
I
3,184 00
1,219
/. 84.8*2
D. 320 889
1.27,55"
Coal Avenuies
aterlal
Five p. o. 1st Con. Gold
Mig». Bonds, due 1939.25,858,000 00
4
p. o. General Mtge.
Gold Bonds, due 1»92. 28,824,000 00
Six p c Series A Gold
Bonds, due 1908
2,000,000 00
Six p. o. Series B (and
Scrip) Bonds.due 1»08
13,354 17
fix p o. Gold Bonds,
duel 11...
2,000,000 00
Six p. o. Gold Bonds,
due 1922
142,00000
Four p. o. 1st Mtge. Gold
Bonds K. & A. Dlv.,
due 198«
6,000,000 00
Four p o. 2d Mtge. Gold
Bonds, R & A. Dlv.,
due 1»89
1,000,000 00
Five p o. 1st Mtge. Gold
Bonds, E. L. A B. 8.
RR., due 1902
3,007,000 00
Five p c. st Mtge Gold
B-nds. Oral* Valley
Branch, dun 19«0
650,000 00
Five p o. st Mtge. Gold
Bonds, Waim Spring
Branch, due '9li
400,000 00
.
Accounts
or folk Terminal Prop-
Mil In hands of Treas.
Funded Debt—
14,424,243
7.
dvanoes to Controlled
D. 1,000
D
7.
83,0. 2
266, 14*
G &
R RR.
N.
Gold
Bonds
D. 422,000
D. 113,934
Railway
D. 771,554
Total Capital and
Funded Debt
i
ti
;
due on purchase of
5.4C0 Freight Cars....
69,894,354 17
1.
1.094,000
130.436,454 17
7.
1,093,000
2,161,145 08
I.
916.801
Corrent Liabilities—
Interest aoorued on
Funded Debt
Unpaid Coupons, Including Coupons due
July
1.
l»m
Divl.ifnds
808,674 38
7.
39,469
226,443 71
7.
13,633
uncollected
by -hareholders
3.184 00
Pay Ro is and Vouohers 1,150,361 60
Muunry Aooouuts
67.640 16
Due tu Rai.ways
142,585 47
Due to lndivl.'ls&Co's.
46.124 *4
lem porary Loan
300,0< O 00
Taxes accrued, not due.
152,037 z4
2,597,403 26
Total.
136,556,975 43
D. 749,6( 1
1.2,231.254
Company is alno liable as guarantor of the —
Norfolk Terminal & Transportation Co.. 1st Mortgage.... $500.' 00
O. & O. Grain Elevator Co., 1st Mortgage. ....
8^0.000
Greenbrier <fe New River RR , 1st Mortgage
543.000
Greenbrier Railway Co., 1st Mortgage
'.2,000,000
Profit
and Loss
Total
7.
1.219
7. 97,798
D. 272.225
J. 16,211
7. 5,060
7.
300,000
18,216
I.
2,=9^,051 10
1, 06 >. 32 l 08
136,556,975 43
7.
219,380
7.
1.983
7.3,231,254
lis
Passenirer & Belt Railway Co., 1st Mortgage
$150,000
Louisville & Jefl.ir-ouvl le Bridge Co., 1st Mortgage
(O O. C. <fcSt. L, s-j; C. AO.. ^I
3,000,000
C. Si O. Steamship Co., Ltd., 1st Mort. (ain't outstanding) £80,000
680
I
UK (HKONKJLh
[Vol. LXXIII.
STATEMENT OF COST OK ROAD AND EQUIPMENT JUNE
$127. 213,713 5*
$126,762,169 81
Dednot for the following:
Securities ol Controlled loads
'
Advances to Controlled loads
Sale of Richmond Dock Property
*
$143,634 03
889,050 60
Richmond Improvements
Second Track
1901.
Brought forward
Tbe Coxt of Koart and Equipment on
June 80, 1900, was
Add for amount expended during the
year as follows:
Plney Creek Branoh (completed)
30,
3t>5,9 10
^13,703,585 50
1.2H2.751 57
123,975 00
06
15,186,312 07
1,393.594 69
72,949 02
Keal Estate
Total an per Balance Sheet
$127,233,713 52
Heretofore reported
*
In
$112,047,401 45
Cost of Koad and Equipment.
COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES.
Tbars Ending 30th Jone.
Earnings—
Paenenger
1692.
$
7.284.3P6
2,144.970
109,419
148,319
197,293
1893.
1801.
1895.
$
$
$
1896.
1897.
$
$
7.573.655 6,630.201 7,301,816
2,3f0,889 2,011,977 1. "47.148
113,853
118,737 100.754
207,147 236,179 236,616
64,997
93,598
89,337
1893.
7.810,598
1,949,790
11-.710
250.096
94,938
$
8,389,374
1,857,898
113,3^5
26H.634
80,932
9,262,993
1,954,86^
133.8H4
921,959
114,858
1899.
1900.
1901.
$
$
$
9.062,879 10,095,144 11,842,213
2,4 22,0=>3 2,681,076 2 826.813
153,410
171.908
189,426
324 678
322,957
349,8 34
129,264
48,541
183,204
9,884,416 10,349.765 9,014,108 9.596,031 10,221,131 10,708,183 11,788,557 12,009,839 13,<0;,070 15,371,542
Expenses—
"
" Equipment
Conducting Transportation
Net Earnings
Percentage of Expenses)
*
1,773,636
1,546,109
3,682,406
249,203
1,508,485 1,183,564 1,252.631
1.446,913 1,203,853 1.350,047
3,6P8,«85 3,123,821 3,358,61*
207,5s 1
220,969 213,787
1,455,716
1,451,6 -<f.
3.550 339
213,249
1,440.451
1,507,215
3,774,644
222,142
1,500,411
1,631,488
4,277,4-1
244,151
1,613,867
1.709.S47
4,100 927
7,251,453
6,983.052 5,721,975 6,168,871
6,670.939
6,944,452
2,632,983
3,466,713 3,319,133 3,427,159
3,550.192
3,763.731
73-3%
64-2%
63-3%
66-5%
64'8%
7,653.530
7,658,063
8,706,785
9,565,880
4,135,027
4,351,777
4,695,285
5,805,661
64
9%
63-7%
250,437
64-9%
62
2%
Taxes not Included.
Consolidated Tobacco Co.- Listed. —The New Stock Exchange has listed $56,341,700 of the $158;000,000 fifty year 4
per cent gold bonds of 1951 and will list the remainder of
the bonds as from time to time delivered in exchange for
shares of the American and Continental Tobacco companies.
There have thns far been deposited with the Morton Trust
Co. as collateral security for the bonds $48,088,600 of the
$48,846,100 common stock of the Continental Tobacco Co.
and $49,591,300 of the $54,500,000 common stock of the
American Tobacco Co. The basis of exchange of said stook
for bonds is $ for $ in the case of the Continental and $1 in
stock for $2 in bonds in case of the American. The balance
sheet ia given under the heading " Annual Reports " on page
662—V. 73, p. 618, 447.
Dominion Iron & Steel.— First Dividend.— The company
has declared its first dividend on preferred stock, 3^ per
cent, payable Oct. 1. The annual report is given on page 661.
—V.
65-2%
2,217,761
2,253,307
4.814,375
235,022
1,865,414
1,909.241
4,686,310
245,8 iO
72, p. 1236.
New York Dock Co.— New Securities Ready.—The new securities are now ready, and will be delivered in exchange for
the certificates of deposit representing securities of the
Brooklyn Wharf
Warehouse Co., at the office of the United
States Mortgage
Trust Co., 59 Cedar St.,
York.— V.
73, p. 290, 239.
&
&
New York & Queen's Electric
Edison Electric Co. of Los Angeles.— President John B.
Miller of Los Angeles, in reply to our letter of inquiry, states
that his company has absorbed the entire capital stock of the
California Power Co. and established a community of interests with the Power Development Co., but that there has
been no absolute consolidation. " While a great deal of
work," he says, "has been doae, and is still going forward,
the nature of the securities to be issued has not yet been
determined upon." See V. 73, p. 618, 447.
—
New
Boston.
provide for the cost of recent extensions, the
shareholders will vote Oct. 8 on a proposition to issue
$750,000 additional stock, stockholders to be given the privilege of subscribing therefor to the amount of 1 share for 10, at
a price to be fixed by the Gas Commissioners. V. 73, p. 186.
Gas & Electric Co. of Bergen County, N. J.—Holdings oj
Marquand & Co.—The schedule of the bankrupt firm of
Henry Marquand & Co. discloses among their assets the folEdison Electric Illuminating Co. of
Stock.
and personal, and all franchises, contracts, revenues, etc., of
the Lighting Company.
The mortgage provides that on
March 1, 1906, and annually on March 1 thereafter, $40,000
shall be paid to the trustee as a sinking fund for the purchase
of the bonds in the open market at or below 110 and interest,
or for their redemption when drawn at said maximum
price. The bonds were authorized to provide for the purchase of " Buch lands, mills, machinery and other property as
the purposes of the company may require, including the provision of funds requisite to prosecute the business for whioh
the company was organized."— V. 72, p. 678.
— To
—
lowing securities of this company: Stock, $1,163,20J; first
mortgage bonds, $478,000; debentures, $132,000.—V. 70. p.
742, 746.
Gas Light Co. of Augusta, Ga.—Mortgage.—The company
recently filed a mortgage to the North American Trust Co.,
as trustee, to secure $300,000 of 5 per cent gold bonds of
Col.
$1,000 each, dated July 1, 1899, and dne July 1, 1919.
D. B. Dyer is President and C. O. Simpson, Secretary. The
capital stock at last accounts was $160,250.
Kensington Electric Light Co.—See Philadelphia Electric
Co. below.-V. 73, p. 496,
National Fish Company of Boston.— Dissolution In response to our letter of inquiry, Treasurer R. L. Mayo writes:
"The company dissolved on the 29 :h day of last June. The
stockholders receive what they put in, and should the collections meet our.expectations, there will be a dividend on the
—
stock."—V. 70, p. 283.
New Orleans Lighting Co.— Bonds.— This company's mortgage, made to the New York Security & Trust Co as trustee,
secures $2,000,000 of 5 per cent $1,000 gold bonds dated March
1, 1901, and due March 1, 1925, but subject to call at 110 and
interest in whole or in part, if drawn by lot, at any time. The
mortgage covers all interest and title of the company in the
property of the New Orleans Gas Works, taken over under
lease early in the year (See V. 72, p. 91) and all property, real
,
—At a special meeting of
New
Light & Power Co.— Officers.
the directors held Sipt. 25, the following additional directors were elected to fill vacancies:
Julian D. Fairchild, of Brooklyn, James Pyle and Abram M.
Hyatt of New York.
The board now includes:
H. E. Gawtry. Frank Tiiford, L. B. Gawtry. Julian D. Fairchild,
James Pyle, Abram M. Hyatt, Thomas W.Stephens and Henry, B.
Wilson.— V, 73. p. 187.)
—
People's Gas Light & Coke Co. of Chicago.— Correction.
for the expiration of the right to subscribe to the
new stock was, it seems, erroneously stated in the official
circular; the correct date is Sept. 30.—V. 73, p. 496, 447.
The date
Philadelphia Electric Co.— President McCall says:
The question
of financing the purchase of the Kensington Eleotrio
Co. majority stock, whioh we have bought, has not yet been decided,
and will not be until the board of directors meets to aot upon it. It is
for them to say whether or not additional 4 per cent bonds will be
issued to oover the purchase price. The five new directors of the Kensington Electric Co. whioh we have elected constitute a majority of
the board of nine.
have the resignations of the other four directors also, but considered it unnecessary to fill their places at this time.
—V. 73, p. 496.
We
Pittsburg Plate Glass Co.— Increase of Stock.— With reference to current reports, we are authoritatively informed
that the matter of issuing additional capital stock is under
consideration, but no action has as yet been taken. The
proposition is to increase the amount outstanding from
$10,000,000 to $12,500,0u0, the $2,500,000 to be allotted to
stockholders at par. If the plan is carried out as now proposed, it will likely be ready for stockholders' subscriptions
about Jan. 1 next.—V. 72, p. 436.
Port Huron (Mich.) Light & Power Co.— Bonds N. WHarris
Co. recently purchased the $150,000 new first mortgage 5 per cent gold bonds due July 1, 1931, but subject to
call on or after July 1, 1911, at 105 and interest.
Total authorized issue is $200,000, of which $50,000 reserved for future
additions under stringent provisions. A sinking fund is to
receive yearly, in 1902-06 cash'equal to 2 p. c. of outstanding bonds: in 190711, 3 p. c; 1912 16, 3>£ p. c; in 1917Capital stock authorized and issued, $150,000.
21, 4 p. c.
Gross earnings in 1900, $49,261; net, $20,593; present interest charge, $7,500. The bonds were offered to the public
—
&
at 103
and
interest.
Quaker Oats Co.— Incorporated.—This company was
New
in-
Jersey on Sept, 21 with $12,000,000 of authorized capital stosk, of which $3,000,000 is to be preferred
corporated in
September
THE OHRONICLK.
28, 1901.]
This incorporation appears to be
connected with a revival in part, at least, of the plan of
1899 (see V. 68, p. 821), "to expand the cauitul of the
American Cereal Co. (plants at Akron, O., Cedar Rapids,
Ii., etc.). pay off its floating and bonded indebtedness, build
a new mill, and enlarge generally the businees of the corpo6 per cent cumulative.
081
f
(&ommcvtii\l £xmc$.
e
xjc
;
COMMERCIAL EPITOME.
Friday Niout.
The principal asset of the cereal oompany is tbe
Quaker Oats brand. Reports conflict regarding the terms
ration."
to bd offered the stockholders of the old
ance sheet, V. 72, p. 673.
company.— See
The condition
bal-
of business in nearly all
Sept. 27. 1901.
lines of
merchan-
with the outlook considered
promising for continued activity; in fact, it is claimed that
dise has been reported as good,
St. Joseph (Mo.) Stock Yards Co.— Increase of Stock.— The
shareholders on Sept. 81 authorized an increase of the capital
stock from |5'JO,000 to $1,650,000. See V. 70, p. 949.— V. 72,
interior jobbers in several lines of trade are only poorly sup-
and must of necessity come into the market as fair
first hands. Pleasant, seasonable weather has been
quite generally experienced and has been a favorable factor
plied
buyers from
p. 1088.
United States Mortgage & Trast Co.— Listed.— The New
fia^ listed the $1, 000,000 first mortgage
trust gold bonds, series K, being a conversion of $1,000,000
first mort^a^e trust gold bonds, series C, previously listed.
York Stock Exchange
for a fall distribation of seasonable goods.
The
ill
effects
from the steel strike are being rapidly overcome the shortof material is being gradually relieved and normal conage
829.
V. 68, p.
There have been no new developments
restored.
ditions
Terms
Settlement.—
of
United States Steel Corporation.—
A copy of the circular issued by President Shaffer of the relative to the prospects for the various crops. Cotton is reAmalgamated Association to the various labor lodges regard- ported late in the eastern section of the belt and a late frost
ing the settlement of the strike was published in the "Iron
Age" of Sept. 26. The circular gives a History of the strike is necessary for a good crop.
Lard on the spot has had a more active sale but at lower
and recites the terms of settlement which it was agreed at
the conference in New York on Sept. 14 should be voted on prices. Both refiners and exporters have been better buyers.
by the union men of each of the companies concerned as a The close was firmer at 10-40c for prime Western and 9 85o.@
separate contract between the Amalgamated Association and
Refined lard has had a slightly better
that company. The circular states briefly that the " scale as 10*15c. for prime City.
but the close was steadier at 10 70c.
declined,
have
prices
sale;
printed is signed for the Sheet Steel mills of [signed
for the Continent. Speculation [in the market for
for] last year with the exception of [the] Hyde Park and for refined
Canal Dover [mills]. The scale as printed for [shall apply to contracts has been moderately active, but prices have declined under realizing sales and larger receipts of swine.
all of the] mills of the Steel Hoop Co. signed for last year."'
The "actual substance" of tne agreement as voted on by The close was firmer.
DAILY 0LO8IWO PBIOES OF LARD FUTDBB8.
the tin lodges is given in the circular as follows to show the
fiat.
nature of the contract entered into in the case of each
ifon.
Tuts.
Wed. Thun.
Fri.
1062 1047 1040 1025 10-25 10-40
September.
company
Pork has had a moderate sale, but prices have weakened
Terms of Settlement as Voted on by Tin Lodges.
closing at $16@16 50 for mess, $17 50@18 for family
slightly,
First.— [The] soate shall be [Include] the prices agreed upon at Cleve
and $17 50@19 25 for short clear. Cut meats have had a fairly
land and found In [the] soale book.
Second —This oontraot Is between the Amalgamated Association and large sale, but at a slight weakening in prices, closing at
the American Tin Plate Co., the latter being a distinct
oompany
;
and separate
shoulders, 10^@10%c for
pickled
for pickled bellies, 14@10 lbs. averbut steady at $9@9 50 for
age. Beef has been quiet
for packet, $U@12
for family
mess, $10 50@11
and
$17 50@18 for extra India mess, in tcs. Tallow has continued
to advance, selling up to 6c, but the close was quiet. Stearines have been quiet, closing at 113^@ll%c. for lard stearine
and \\%(d)\\%G. for oleo do. Cotton seed oil has advanced
Butter has been in fair deto 41c.@42c. for prime yellow.
mand and firmer at 15@22c for creamery. Cheese has been
firmer for best grades, closing at 7@10c for State factory, fall
cream. Fresh eggs have advanced, closing firm at 22c. for
choice Western.
Brazil grades of coffee have' been fairly active, but the
tone of the market has been unsettled. Early in the week
there was a fair demand at higher prices, stimulated by unfavorable crop news from Brazil. Brazil has been a moderate seller during the week. The close was quiet at 5%c.
for Rio No. 7.
West India growths have been in fair den and for the better grades and at firm prices, closing at
Speculation in the market for con7J^c. for good Cucuta.
tracts has been fairly active. Early in the week prices ad7J^c.
in Itself.
with labor organizations.
Fourth —Non-union mills shall be represented as such no attempts
m de to organize, no charters granted old oharters [may be]
;
[shall be]
•
;
retained by men If they desire.
Fifth.— Individual agreements shall be made for mills of improved
character, until they are developed, when scales shall be made to
govern.
Elwood, Mlddleton,
Sixth.— Soale Is signed for the following mills
Anderson and Atlanta, Ind.; New Kensington, L'.sbon, Cannonsburg,
Elwood City, Falcon, Jollet. Connellsvllle. Johnstown, La Belle, Newcastle, Laughlln. Gas City. Muskegon aud Canal Dover.
Seventh. -Agreed that the company shall not hold prejudice against
employes by reason of their membership with the Amalgamated
Association
Eighth. This agreement Is to remain In foroe three years from July
1, 1901, but termlDable at 90 days' notice from either party on or after
October 1, 1902.
Brethren— This last clause is to be voted upon by the tin lodges, and
answer given immediately. It yon agree to a three-\ ears' soale, with
ninety days' notitloatlon, vote yes. If you prefer the yearly scale,
vote no. Do this at once or the above will beooine law by default
Note.—This agreement is only for the scale year ending June 30,
1902:
We lose the scale,"
the circular says, " from seven mills,
unless they so elect." The seven
mills, according to a Pittsburg despatch, employ about 8,000
men, their loss reducing the membership of the Amalgamated
Association in the union mills of the United States Steel Corporation, it is said, to about 4,000 men.— V. 73, p. 622, 555.
Vanghu Machine Co. of Peabody, Mass.— Bonds Offered.
Fisk & Robinson are offering at par and interest the unsold balance of an issue of $500,000 of 5 per cent 10-year first
mortgage bonds, covering this well known plant for making
hide and leather-working machinery.
Wilmington (Del.) Coal Gas Co.— In Control.—John and
James Dobaon of Philadelphia, who control the People's Railway, extending from Wilmington to Brandywine Springs
(see V. 72, p. 1081), were, it seems, the purchasers of the 11,600
shares of the Wilmington Coal Gas Co. stock which were
recently sold at $116 per $50 share. The total issue is $600,000, or 12,000 shares— V. 73, p. 622, 496.
"
but do not lose the
pickled
vanced on unfavorable crop news. Subsequently, however,
these reports were denied and the improvement was lost.
The close was quiet and easier. Following are the closing
asked prices
men
:
8ept
Oot
5-050.1060
5-10e.
I
May
555o.
Jan
6-70o.
6-20o. July
Nov
March
5-40o. Aug
5*75o.
Raw sugars have been in slow demand, but offerings have
been small and prices have held steady at 3%c. for centrifugals, 96-deg. test, and 3^4 c. for Muscovado, 8y-deg. test. Refined sugar has been in moderate demand at 5-25c. for granulated. Other staple groceries have been steady to firm.
Kentucky tobacco his had only a limited sale, but with
small offerings prices have been well maintained. Seed leaf
tobacco has had only a moderate sale, but prices have held
firm. Sales for the week were 1,400 cases, as follows
300
cases 1900 crop, Connecticut Havana seed, 2O@60c; 200 cases
1900 crop, Connecticut seed leaf, 20@25c. ; 200 cases 1899 crop,
Wisconsin Havana, 14c; 300 cases 1900 crop, State seed, 14}.>
@15c; 100 cases 1900 crop, State Havana, 15c, and 800 oases
1898 crop, Pennsylvania seed leaf, 12J^c also 300 bales Ha-
—
—The "New York
for
hams and 9%@10>£c
Third.—The oompany reserves the right to discharge any employe
who shall, by Interference, abuse or constraint, prevent another from
peaceably following his vooatlon, without reference to his connection
4-95o.
5-OOc.
I
I
:
Times" on Wednesday commemorated
its founding by a jubilee number
;
vana and 200 bales Sumatra.
There has been a downward drift to prices in the market
of unusual interest. A feature of the number was a facsimile of the first issue of the paper. The enterprise of the for Straits tin and business has been quiet. The close, howmanagers, especially since the change in ownership a few ever, was steadier on foreign advices at 24'90^25c Ingot
years since, and the excellence of the journal in all depart- copper has been dull; foreign markets have weakened, but
ments, has attracted general attention to the "Times" as one spot quotations have been quoted nominally unchanged at
of the great newspapers of the world.
16^@17c. for Lake. Lead has been quiet and unchanged at
the fiftieth anniversary of
j
'
—The
directors of the
American Woolen Company,
meeting this week, declared the regular quarterly dividend
of one and three-quarters (\%) per cent on the preferred
stock. This will be the tenth consecutive quarterly dividend, amounting to $17 50 per share, disbursed to preferred
stockholders by the company since its organization in 1899,
amounting to $3,500,000 in the aggregate.
—Winslow, Lanier & Co. will
of securities, a list of
pay dividends on a number
which will be found in another column,
Spelter has held steady at 4*05@4-10c. Pig-iron has
been without changes at $13@15 50.
Refined petroleum has been unchanged, closing steady at
Naphtha
7-50c. in bbls., 8-50c in cases and 4 95c in bnlk.
Credit balances have been
has been unchanged at 9-05c.
steady at $1 25. Spirits turpentine has had a slightly better
sale, and the close was steady at 36^ d) 37c. Rosins have been
Wool has had a
dull at $1 40 for common and good stained
slightly better sale and at fall values. Hops have had a small
4-873^0.
at a
j
}
sale at steady prices.
THE CHRONICLE.
682
COTTON.
Friday Night, September
27. 1901.
The Movement of the ubop, as indicated by our telegram*
from the South to-night, is given below. For the week ending
this evening the total reoelpts have reached 146.020 bales,
against 111,825 bales last week and 61,476 bales the previous
week, making the total reoeipts sinoe the 1st of Sept., 1901.
867,808 bales, against 570,40') bales for the same period of
1900. showing a decrease slnoe Sent. 1. 1901, of 203,597 bales.
Meeeipti at—
Thuri.
Wed.
Sal
Mon.
Y,296
8,056 14,432
Tutt
Fri.
6,494 11.317
9,523
341
Bab. Pass, <fco.
New Orleans.
Mobile....
Pensaoola, Ac.
Lambert
Sept.
A
We
Barrows. Produoe Exohantrp Ruildlng.
on SKmoa.an, HOT OLBA1BD FOR —
27 at—
Leaving
Other OoaetGerBritain Fr'nce many. For'gn
(treat
181
20,893
1,641
1.5 4
46248
5,600
l.OOO
20,300
57.103
341
35.278
4,122
Tharleaton...
Mobile
Norfolk
lew York....
Other ports
257
Total 1901..
31,543 13.345 33.398 14 326
Total 1900..
Total 1899.
69.855 14.751
73.30% 32,517
8,445
1,240
6.449
2,621
6.425
913
86
408
256
257
4,865
4,705
4,981
5,615
6,866
6,218
32.750
Charleston....
Pt. Royal, <fco.
469
935
333
385
395
598
450
2,967
Wilmington....
Wash'ton.Ao.
Norfolk
482
553
1,034
1,093
1,624
1,705
5
617
1,448
1,189
580
678
588
698
6,491
5
6,100
News, Ac.
5,001 2.674 8,000
20.742 10,671 11. MO
12.40U
1,800
Savannah
779
779
i',200
1.200
1.850
6,000
48,189
53.655
18.724
3,665
8.279
4,858
76.026
10,013
4,664
97 276
223,409
10.225 161,480
9,161 182.609
243,269
489,886
"8Vo
2,500
i'.boo
3,500
etoek.
Total.
7 085
"few Orleans.
9alveaton. ...
5,699
N'p't
In addition to above exports, our telegrams to-night also
amounts of cotton on shipboard, not
add similar figures for
named.
New York, whion are prepared for our special use by Messrs.
<ive us the following
oleared, at the ports
r»<a<
5,639
1,219
Brunsw'k.&o.
[Vol. LXXIII.
76,649
67.M26
Speculation in cotton for futare delivery bas been on a
moderate scale only. Sentiment among ninny of the trade
has appeared to be inclined toward the bull side of the market.
For the present, however, regular operators are disposed to go slow in taking any decided stand upon the
ng their transact i< rs largely to scalping
ventures. The outside interest In the market also has con8
Boston.........
tinued small. The movement of the crop has been very
175
Baltimore
moderate, falling considerably behind that for the corre200
82
47
88
Phlladel'a. Ac.
sponding period of last year. Demand tor cotton, however, has
Tot. this week 20,704 22,309 31,701 23,825 18,946 28,535 146,020 been reported light, as foreign buyers have been slow in entering the market. Nevertheless, the Son' h apparently believes
The following shows the week's total reoelpts.thetotalsinoe that European spinners will soon be forced to become
freer
Sept, 1,1901. and the stook to-night, compared with last year.
buyers to obtain supplies to meet their wants, and this,
coupled with the light crop movement, has held Southern
Stock
1900.
1901
Receipts to
markets steady. Weather conditioos during the week have
TAii Sinoe Sep.
rail Since Sep.
1900
1901.
Sept. 27.
generally reported as favorable for the progress of the
been
week.
1,1900
week.
1, 1901.
crop. At the close of the week some attention was given to
99,903
49,314 the position of October contracts.
Galveston.
48,364
67.108 153.224 82,077
The stock of cotton
in New York has again been reduced to a comparatively low
341
678
1,130
1.919
Sab. P., Ac.
69,088 127,522 point; there were no tenders for delivery on October con85.925 116.733 180,382
New Orleans 35.278
10,577 tracts on the first notice day (Thursday), and it is under13,241
8,279
Mobile
8 769
6,915
4.132
stood that there is a considerable short interest outstanding.
2.211
P'saoola.Ac.
1,645
1,645
257
84 933 To-day there was a firmer market, prices at one time during
69.377 59,117 167.144
39.024
Savannah... 32,750
5,924 the day showing a fair advance, based on stronger European
3.413
2,196
698
2,136
6,977
Br" wick. Ac
25,559 advices and a continued small crop movement. Tne close
40,826
4,444
9, 09 21,095
Charleston.
2,967
was steady at a net gain for the day of 7@ll point '. Cotton
10
4
P.Royal.Ao.
......
8
41,683 on the spot has been quiet, closing at 14c. for middling up61,977
7,205
12,529 18,349
6,491
Wilmington.
New York
355
58
176
415
238
50
117
market,
limit
4
1
Wash'n, Ac.
Norfolk
N'portN-.Ao
5
5,100
New York...
365
§8
175
415
Baltimore
Phlladel.Ao
.
18,537
89
43,613
349
163
lands.
6,058
19.013
490
5
77,876
30778
1,762
2,010
3,600
6 000
257
232
584
777
1,185
2,330
1,215
2,221
367,808 279.748
570,401
320.6*5
404 739
3,602
836
365
1.134
146,020
Totala
48
5
15,330
In order that oompanson may be made with other years,
we give below the totals at leading ports for six season b
,
MeceiptM
al—
Galvee'n.Ac
New Orleans
Mobile
Savannah
57,449
35.278
4,122
32.760
2,967
6.496
5,100
.
Ohas'ton, Ao
WUm'ton, Ao
Norfolk
N. News, Ao
1.858
All others...
Tot. this wk.
Since Sept
i
1900
1901.
1899
32,755
116,7^3
6,915
59,117
21,099
18,397
18,537
163
6,032
1897
1898.
67,152
65,229
7,189
57,558
10,698
23.794
12,647
101,828
76.407
9,643
55,027
25.079
22.714
16,420
1896
70.716
46.974
14.18<>
51,150
35,857
20.804
23,077
60.011
88.653
12.448
36,048
26.478
14.660
35,576
487
232
913
204
7,560
11,255
19,805
9,908
146020 279 748 252,314 318 605 283.476 283,983
367,808
570.405
740.300
697,784
822,664 1003.824
for the week ending this evening reaoh at< t»l
Of 88,663 bales, of which 14,887 were to Great Britain, 22,216
to France and 51,550 to the rest of the Continent, Belt w
are the exports for the week and sinoe Sept. 1 1901
The exports
.
fVuk Mn<Hnt
Sept. 87, 1901
Mxportea to-
Bxtortt
*rom—
Qrtat
great
1901.
Fra.nct
Oontinent.
~M25
19.179
9,168
33,066
27,365
87.636
8^.946
83.947
6.0S0
2,500
6,415
18,995
17,688
4,975
24,404
47,048
10,368
10.363
14.084
14,0~4
Brit'n
Qalreiton..
Sab. Past, Ac.
New Orleans.
From Sot. 1. 1901, u, Sept. 27.
Bxvorud to
total
Wtek Britain.
Franet
Continent.
Jo'a
Mobile
1,907
Pensaoola....
Brunswick
.
19J7
1,141
•
Charleston..
Port Royal.
Wilmington...
1,141
The rates on and off middling, as established Nov. 21, 1900,
oy the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
..0. l^ on Strict Good Mid. Tinged. 0. >isoa
Fair
middling Fair
«4 on
Good Middling Tinged
Even
itrlot Good Middling. ...„
*«on Middling Tinged
»« on
6 ison Btrlct Low Middling Tinged
Gtood Middling
H off
** oil
ttrlct Low Middling
*ieofl Middling Stained
uow Middling
Good Ordinary
'i«off
Strict
"4 off
off
Strict Low Mid. Stained... 1»« off
Low Middling Stained
mofl
innd Ordinary
1Mb
On this basis the official prices for a few of the grades for
the past week Sept. 21 to Sept. 27— would be as follows.
—
UPLANDS.
Sat.
7H
rood Ordinary,
^ow Middling..
fiddling
tood Middling.
41ddllngFalr..
7
G0LF.
73i 6
73l 8
8
8 5 16
7ii 16
8»8
91 16
* 9 16
Sat.
8*
l
7i3 ie
8*
-9
16
9
9
8*
8 7e
96 16
.
STAINED.
Sat.
Oow Middling...Middling
Strict Low Middling Tinged...
Gk>od Middling Tinged
73, 6
8ii6
8^
813 16
9",
RIon Tnei
613 16
713 16
7">16
7*
^D 16
8U
684
7*8
6\
73,
7*8
8*4
"
713 16
W
8>4
9
£ 16
9
b 9 ie
8^
mon Tues Wed
7i«
*ood Ordinary.
A>w Middling..
Ulddllng
tood Middling.
'Irtdltn* Fair
mon Tnea Wed Th
Fri
73, 6
13
9
8>4
9
S
9
"
Th.
Fri.
7^16
77 ia
She
"le
8 •»
813 16
914
» la 16
8>
I?
13
Wed
6\
7%
7'e
8%
914
8 i«
914
Tkt.
Fri
6«4
7%
6%
7%
7*8
7*8
8>4
8*4
The quotations for middling upland at New York on
Sept. 27 for eaoh of the past 82 years have been as follows.
1893. ...0. 8i«
1885....o.l0iie 1877... .0.11»8
8H
79 16
1892
10>*
1876
lUe
10*4
1884
1900
8ll
1875
6*8
1891 .....
133b
1899
103s
16 1883
16*4
1890
1882.
1874
12
1898
53a
103s
18*8
11*6
608
1889.
1881
12
1873
1897
11 "%
18*4
87 l6
1888
lo7 18
1872
1880
1836
19%
919
10^
1871
1887
1879
8 7s
1895
1638
97 ia
1886
1878
10i5i6 1870
1894
6*
Note. —Onoot. 1, 1874, gradoB of ooctun as quuiea wore ohanged.
According to the new classification Middling was on that day quoted
*so. lower than Middling of the old classification.
MABKRT AND 8Ai.FR
1901. ...0.
.
6,872
N'port N., Ao..
York...
New
4,177
Baltimore....
Philadelphia.
Ban Fran.. Ac.
637
17.663
......
•>•••
......
•••(•>
>••
609
fotal.lSOO....
5,872
596
596
6,872
696
22.277
36,059
176
785
1,699
1.0 J9
•••*.
..••••
6,872
SPOT MABKRT
GLOBED.
696
1,323
80,00 3
67.890
4,769
17-5
4,915
^atnrday
237
4.273
4,610
Monday
1,837
1,937
Tuesday... Quiet
Wednesday Q net...
Thursday.. Iwnlet
Quiet and firm..
Friday
......
14.887
28,816
51.650
88.653
89,787
83.934
lOd.600
231.271
53.274
10,909
26,013
90,217
117.817
24,082
03.697
2H3,9>>6
Market
Closed.
->A.LB8
op spot A Contract.
Ex-
Oon-
Con-
port.
tump.
tract.
16 do. steady
(inlet at lie dec B'rly steady.
Steady at
..
—
Total
Futures
I
steady
Quiet
Steady
Steady
1,150
1,150
i
500
600
685
413
856
312
l.OOO
3 416
TotaL.
200
885
413
1,356
812
200 4.616
September
28,
THE CHKONIMLK.
1901. J
FUTDKEB.- HiKtinHt lowest and oloslng price*
at
New Yorl
683
AT THE INTBUIOR TOWNS the movemwut— ttiat is the reoelpte
or the week and since September 1, the shipments for the
veek and the stocks to-night, and the eaiue Items for the
sorrespoDding period of 190u-1b set ont In detail b«low.
t to c co a
s
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j.
American—
bales.
Europe.
United States stock
United 8tates Interior stooks
United States exports to-day
.
190.000
141.000
141.000
340,685
21 1.356
123,000
111,000
161.0O0
404.739
I70.2o2
20 960
675.0O0
302.000
831. OOO
672 494
387,67 j
562 000
194000
210 000
52K.1 1
240 981
«8 1 7
1.302
Total American
1,014,6/5 i)90.961 2.369.471 1,783,5*9
—
Matt Indian. Bratil, Ac
Liverpool stook
69,000
57,000
73,000
61 OOO
London stock
8.000
14.000
4.000
3.000
Continental stooks
51.200
27.200
60.300
60.2 >0
India afloat for Europe .......
13,000
43.000
34.000
10.000
Egypt, Brazil, die. afloat
19.000
11,000
9,000
14000
Stook In Alexandria, Egypt...
43 000
87.000
42.O00
36,000
Stock in Bombay, India
257,000 225, OOO 340 000 265.000
Total East India, Ao
46". -no
414. V00
5J0 200 4*1,300
Total Amerloan
1,014 625 990,961 2.H69 47 17-3«-49
Total visible supply
1,474,82 l,40.i,ibi 2.899 •*"! 2,z64,84<
Middling Upland. Liverpool.
327 S2 d.
4°KL
fc5 16 d.
3-d
Middling Upland. New York..
8>40.
1' \0.
57, B o
6 78 o.
Egypt Good Brown, Liverpool
7ie, 6 d.
filed.
47 lu d
Nom'L
Perav Rough Good, Liverpool
6i«, H d
71, 6 d.
678 <L
77,«d.
4» :<2 d.
Broach Fine, Liverpool
f 6 16<1.
3& 1H d.
3\d.
Ilnnevelly Good, Liverpool...
4& 16 (L
5i3 16 d.
3d.
36gd.
8,5r-4
w ts to
'«» *>
c
ro co —
:
afloat for
OIC0»
00
ece'eots*
10
od"^
<c ao
--l
M
-co -cc>o — >0 *CD —
« —- —tOCO KOCtlvO -^^lOO^H
tO
O -J.WWOS WOCCAa CC — CPO
•
-i^o-ioooyoctsaoyi.
*» £> *•
*>•
a
cetocoM — w
•
*»
-
co to
-<~i
30
10
"Visible csdpply or Uotton to-mgtit, a» made up oj
cable and telegraph, Is ae follows. Foreign stocks, as wel
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. 27), we add the Item of exports from the United States,
Including in it the exports of Friday only.
1901
1900
1899
1898
8too* at Ldrerpool
bai»». 259,000
180.000 736.000 63.VOOL
Stook at London
8.000
14,000
a, OOP
4 00c
Total Great Britain stock. 2t>7.000~~ 194000 78*.OO0 63t*.uOt
Stook at Hamburg.........
18.000
20.000
19.000
83,000
Stook at Bremen
96,000
5O.0O0
53,000
22,000
Stock at Amsterdam.... ......
2.0O0
1.000
Stook at Rotterdam.....
200
200
200
300
Stook at Antwerp ....... ......
2000
3.O00
4.000
9.000
Stook at Havre
36.0O0
96,00<
......
52 000
117,000
Stook at Marseilles...
3.O00
4.000
3.000
5.000
Stock at Barcelona........
4d.OOO
45.000
79.000
31.000
Stook at Oenoa
6000
24 0'
6.000
10,000
Stook at Trieste
12000
3,000
17,000
21. OW
Total Continental etooka.
194.200
138,200
363.2 K)
251 3'*
Total European stooks
459 200 3.-2,200 1,10 .2>0 e95 3 >0
India ootton afloat tor Enrope
13.000
43 000
10.OO0
34 OOO
Amer. ootton attoat for E'rope 143.000 161.000 831.000 210 0f
Egypt. Brazil, .to. aflt.for E pe
19000
11.000
14.000
9 i*O0
Stock In Alexaodrla. Egypt..
43 000
37.000
36,000
42.000
Stook In Bombay India
257.000 225.000 340.000 26% 000
Stook In United States ports.. 3/0 6*5 404.739 674.494 626 111
Stook In
8. Interior towns.
2 11. 3'
170.2«2
387 675 240 941
United States exports to-day
20,960
4^.457
8,594
1.302
Total visible supply
1.474.825 1,405.161 2.»9tf.67i 2,264,849
Of the above, totals of American and other descriptions are as follows
American
K*
'
>-
1
c — oo j.
—
t-
— to
•
to
CO ^ CC
0000
CO tOCOXF-
The
Liverpool stook
Continental stooks
M—
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V » —— C M--J*.
^ccct^^oocc
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Tne aoove toiaib anon tnat tne interior stocks nave inrecued dnring the week 42,026 bales, and are to-night 41,094
ales more than at same period last year. The receipts at all
owns have been 54,836 bales less than same week last vear.
Ovkbland Movement fob the Week and 8inoe Sept. 1.—
Ve give below a statement showing the overland movement
ir the week and since Sept. 1, as made up from telegraphic
^portp Friday night.
The results for the week ending
Sept. 27 «nd since 8ept. 1 in the last two years are as follows.
1901.
September 27.
Since
Week
'aipped
Via 6t. Louis
._.
Sept.
6 402
Rook Irland
v"la
other routes,
&o ..^ ..... ...
Total gross overland.
thipmentt—
Overland to S. Y., Boston, Ao
1.
Week.
thnct
Sept. 1.
14.841
4.079
7.284
8,194
16.571
5,604
"iro
"*200
1,2^0
2,400
452
727
1,7 6
1,391
995
H76
196
1,246
4 ,8c 5
1.12^
241
3,048
11.278
26.706
13.172
29,256
1,008
5,83*
IF
130
984
3,575
2,251
1,627
1,002
3,729
2,580
8,401
8,00^
9542
4.8P0
9,720
2,351
?la
1900.
teduet
Leavtnctotal net overland*
19,535
9.092
9.273
17,164
* Including movement by rail to Canada.
The foregoing shows the week b net overland movement
this year has been 9,273 bales, against 9,092 bales for the
week in 1900, and that tor the Reason to date the aggregate net
overland exhibit)- a decrease fr
year ago of 2,371 bales.
ma
1900.
1901.
In Bight and Spinner #'
Takings.
Week
Since
Sept.
1
Week
146 070
ieoelpts at ports to Sept. 27
W.273
Vet overland to Sept. 27.
toothern oonsamptlon to Sept. 27 33.000
367.f08 279.74P
188.293
42,02t
51\972i3'7 84<
Total marketed
i
,
iterlor stooks In exoess.
Since
Sept.
1.
I7.it>4
9,OV<2
570 405
19 535
128.000
29 OOO
116.000
82 051
36.4
705.940
125,635
->
(Jame Into sight dnring week. 230.319
Total In sight 8ept. 27
ortb'n spinners tak'trs
Movement
Continental Imports past week havt been 35,000 balf-.The above iiguree mdicate an increase In 1901 of 69,664
bales as compared with sam< date of 1900, a loss of 1,424,846
bales
from
laui)
and a decline of 790,024 Dales from
lb98.
'.<
S ept. 2
17,307
354.250
65,041
8
Week.
A
17,375
40,524
into sight in previous years.
351 h«5
422
9
359 935
1899
1898
89b. ._.......„..... ...... 357,924
1896
899
898
897
831.575
595.023
bales
1897
bales.
—
'* Sept. 1.
1054,568
9^2.766
1.114.S89
1,361,866
THE CHRONICLE.
()84
Quotations for Middling Cotton at Otiikr Markets.—
Below arc .losing quotations of middling cotton at Southern
and other principal cotton market s for each day of the week.
Wetk
St)
CLOSING QUOTATIONS FOB MIDDLING COTTON
ding
27
rn
I.
Satur
8k
8k
Galveston...
New Orleans
Mobile
Savannah..
Charleston
">\
7'8
7\
Tuts.
Wednes.
8k
8k
1\
8>16
6»ie
Pie
8
7i-.
7\
7k
7«ie
7 78
7i:*ie
73*
7k
713 16
7i:'
Wl minion.
8
8
Norfolk
Boston
Baltimore
Philadelphia
*k
838
8k
8k
8
8
8
8
8k
8k
8k
7«ie
7i.".,
8k
8k
8k
7
..
i
.
.
Augusta
Memphis
St.
Houston
Cincinnati
Louisville
The
gie
8»io
.
.
7%®i
8
8k
8'u
713,6
8
713, 6
715,6
713, 6
She
She
8' io
8>ie
71--16
7i-.,6
8k
8k
8k
8k
8k
8k
8k
8k
ie
8
7Hi6
734
7iB lfl
e
8
8
8
8V»
:,
Fri.
7k
7*
si
H1 16
8k
8k
..
16
16
7"w
7 8
7'8
18
Louis
Thurs.
Mon.
ON—
7"io
S ]8
8k
8k
8>«
V>
7
7»
715,6
715 16
8k
8
ha
:
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens
I
Atlanta
Charlotte
Columbus, Miss
Eufaula...
7»b
'9, 6
Rook
Little
...
7k
7k
Nashville
7*8
Natchez
73s
Raleigh
7k
7'8
7 u i6
Shreveport
7 sa
Montgomery.
7k
Weather Reports by Telegraph.— Telegraphic advices
Columbus. Ga.
.
I
few points in the
Southwest, there has been little or no rain during the week,
ard that in consequence the gathering of cotton has made
very good progress, With regard to the oondition of the
crop our correspondent at Galveston states that it is unchanged in Texas, and that complaints of damage by Mexican weevil are numerous. Reports from Alabama are to the
effect that deterioration continues and the yield is very disappointing. In some localities in the Carolinas it is claimed
to us this evening denote that, except at a
that late cotton would be helped by rain.
Galveston, Texas.— There has been no change for the better
Complaints of damage by the Mexican
in the crop outlook.
have had no rain the past week.
weevil are numercus.
We
The thermometer has averaged
the lowest
71,
the highest being 82 and
[VOL. LXXIII.
Montgomery, Alabama.—The weather has favored cropgathering and farmers have taken advantage of it. It has
been dry all the weak. Average thermometer 68, highest 84,
lowest 53.
Selma, Alabama.— Picking is making rapid progress, but
the yield is turninK out less than expected. It has be'-n dry
all the week.
The thermometer ha* averaged 70, the highest
beiDg 88 and the lowest 60,
Madison, Florida. It has rained on two days of the week,
to the extent of ninety hundredths of an inch.
The thermometer hes averaged 74, ranging from 61 to 88.
Augusta, Georgia. We have had no rain durinsc the week.
The thermometer has ranged from 56 to 81, averaging 68.
Savannah, Georgia.—There has been no rain the past
week. Average thermometer 71, highest 83, lowest 59.
Charleston, South Carolina.
We have had only a trace of
rain the past week. The thermometer has averaged 71, the
highest being 82 and the lowest 62.
Stateburg, South Carolina.—The weather has been dry all
the week and favorable for the opening and picking of cotton.
Moderate rain would help late cotton as well as other
crops
The thermometer has ranged from 52 to 80, averaging 67.
Greenwood, South Carolina.—Picking is general and cotton
is being marketed freely.
Late cotton is said to be doing
well.
There has been no rain during the week.
Charlotte, North Carolina.— We have had no rain all the
week. Conditions have been favorable for the crop. The
thermometer has raDged from 50 to 78, averaging 60.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
—
—
—
3 o'clock Sept. 26, 1901,
and Sept.
8ept. 26, '01. Sept 27, *00.
3ew Orleans...
lerephls
Saauviue. ......
Shreveport
/lokshnrg
Feet.
Feet.
44
79
82
3 '8
Above zero 01 gauge.
Above zero ot gauge.
Above zero of gauge.
Above «ero of gauge.
Above zero of gauge.
,
India Cotton
24
26
49
25
2-8
7'0
Movement from all Ports. — The
receipts
cotton at Bombay and the shipments from all India ports
for the woek ending Sept. 26, and for the season from Sept. 1
to Sept. 26 for three years have been as follows:
jf
1901.
60.
Abilene, Texas.— R&in has fallen on one day of the past
week to an inappreciable extent. The thermomtt6r has averaged 73, ranging from 52 to 94.
Brenham, Texas.— There has been no rain hera during the
week. The thermometer has ranged ^frorn 54 to 91, averag-
27, 1900.
Receipts at—
Week.
Bombay
1900.
Since
10,000
Since
Week.
Sept. 1.
27,000
1899.
11,000
6,000
For the Week.
Sinee
Week.
Sept. 1.
Sept. 1.
4,000
21,000
Since September
1.
Exports
ing 73.
Corpus Christi, Texas,—Rain has fallen on three days, to
the extent of thirty-six hundredths of an inch. Average
thermometer 74, highest 84, lowest 64.
Henrietta, Texas.— We have had no rain the past week.
The thermometer has averaged 78, the highest being 94 and
the lowest 53.
Huntsville, Texas.— Rain has fallenon two days during the
week, but to an inappreciable extent. The thermometer has
averaged 71 ranging from 50 to 91.
Lampasas, Texas. We have had rain on one day of the
week, to the extent of seven hundredths of an inch. The
thermometer has ranged from 48 to 90, averaging 74.
Longview, Texas.— There has been no rain during the week.
Average thermometer 72, highest 92, lowest 54.
Palestine, Texas.— It has been dry all the week. The thermometer has averaged 68, the highest being 88 and the low,
—
est 48.
Paris, Texas.— Dry weather has prevailed all the week.
The thermometer has averaged 71, ranging from 49 to 92.
have had heavy rain on two days
San Antonio, Texas.
of the week, the rainfall reaching two inches and seventyfour hundredths. The thermometer has ranged from 54 to
90, averaging 72
Dallas, Ttxas.—lt has been dry all the week. Average
thermometer 69, highest 90 and lowest 47.
New Orleans, Louisiana.— There has been no rain during
—We
the week, The thermometer has averaged 74.
Shreveport, Louisiana. There has been rain the past week
to the extent of two hundredths of an inch, on one day. The
thermometer has ranged from 52 to 88, averaging 69.
Columbus, Mississippi. There has been no rain duringthe
week. Average thermometer 69, highest 90, lowest 40.
Vicksburg, Mississippi. Dry weather has prevailed all the
week. The thermometer has averaged 72, ranging from 50
—
—
—
to 88.
We
have had rain during the week
and forty five hundredths. The
thermometer has ranged from 49 to 86, averaging 69.
Helena, Arkansas. While the weather has been dry and
Little Rock, Arkansas.—
to the extent of one inch
from—
Great
Britain.
favorable for picking duriDg the week, cotton has made
no improvement. The plant is growing, tut bolls
are not maturing. Very much depends on frost. Average
thermometer 64, highest 85 and lowest 47.
Memphis, Tennessee.— We have had no rain the past week
The thermometer has
and picking is progressing well.
averaged 69-6, the highest being 84-7 and the lowest 52 '4.
Mobile, Alabama.— Crop reports are gloomy. Continued
deterioration is reported and the yield is turning out very
disappointing.
have had no rain during the week. The
thermometer has ranged from 58 to 87, averaging 73.
We
Total.
Great
Britain.
Continent.
Total.
Bombay—
..••
1901
1900
1,000
2,000
3,000
2,000
2,000
.••.«»
4,000
5,000
17,000
1899... = .
Calcutta—
1901
1900
1»9^
1,000
1,000
1,000
1,000
1,000
5,000
21,000
l.OCO
2,000
1,000
1,000
2.000
1,000
1,000
1,000
1,000
Madras—
1901
1900
1899
All others—
1901
1900
1899
1,000
1,000
1,000
4,000
4,000
4,000
5,000
1,0c
1,000
i",6b"6
10,000
9.000
7,000
10,000
9,000
7,000
18.000
27,000
10,000
18,000
31.0C0
10,000
Total all—
1901
1900
1899
1,000
-.••-
4,000
to the foregoing, Bombay appears to show an
oompared with last year in the week's receipts of
Exports from all India ports record a loss
4,000 bales.
of 1,000 bales during the week and since September 1 show
According
increase
a decrease of 13,000 bales.
Alexandria Receipts and Shipments of Cotton.—
Through arrangements we made with Messrs. Davis,
Benachi & Co., of Liverpool and Alexandria, we now
receive a weekly cable of the movements of ootton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding
week of the previous two years.
Alexandria, Eovpt,
September 25.
1901.
Secelpts (cantars*)...
This week...........
—
practically
Continent.
1900
50,000
86,000
75.000
127,000
This
week.
ttxports (bales)—
To Liverpool........
Since
Sept. 1.
This
week.
Since
Sept. 1.
1899.
1 20,000
185,000
Ttes
week.
Since
Sept. 1.
5",6bo
5.000
22,000
2,000
2,000
8,000
12,000
5.000
4,000
10,000
19,000
5,000
27,000
4,000
20,000
9,000
29,000
A oantar is 98 pounds,
Of which to America In 1901, 1,700 bales; in 1900, 1,648 bales;
947 bales.
This statement shows that the receipts for the week
ending Sept. 25 were 75,000 cantars and the shipments to
all Europe 5,000 bales.
t
in 1899.
September
THE CHKONIfXK
28, 1901.
Makket.— Our
report received by catile
to-night from Manchester states that the market is Hat fur
yarns and quiet for shirtings. The demand for cloth is good
but for yarn ij poor. We give the prices for to-day below
and leave those tor previous weeks of this and last year for
M\Ni
HtttiTHii
comparison.
1900.
1901.
84
lbs.
32* Oop. ings,
Twist.
i
d.
d.
s.
98
5
Sep 67i ia «8
5
5
5
5
'•
"
"
307
16
1374 084
2074 984
27|7
«8
d.
3
4
4
4
3
3
Oott'n
t»8
d.
d.
b.
«8
OS
1
4 78
2
2
8
2
5
:,
d.
:<'j
:
<i
8% fl8'8
84 OW'4
94 a 10
«8
«8
*"1« 9Si •
©8 14 IV 9*1 O
Production of Cotton
in 1900-01
Bhtrt OoW*
common Mid
tbs.
Upldt
to /Inert.
«8 78
8
4a7 , 3
4io :t3
84
Oop. ings,
Txoist.
Upldt
to finest.
A'gzsleiBia*?^ 5
"
Bhirt
common Mid. 82s
8.
d.
S
3
f>7
5
8
97 10
5
5
10
10
5
J
a.
d.
8
d.
511, „
5-M 3a
4>«97U
«4
75., 2
104*8 C
9 98 4% « la i«
9 «8 4% 65 16
Apportioned to States.
— In view of the near approach of the time of issue of the Census figures of production and acreage of cotton in 1899-1900,
our statement of production by States was intentionally
omitted from the Annual Cotton Crop Report, There have,
however, been so many inquiries for the statement that we
have prepared and give it below. It is compiled from the
best data we could obtain but is subject to revision on the
basis of the Census returns when issued.
It will be observed
that while the crop of 1900 01 in the Atlantic and Eastern
Gulf States was smaller than in 1899-1900, there was a marked
increase in the out-turn from Texas, Arkansas and the Terri-
The aggregate
yield for the whole country exceeds
that of the previous season by almost a million bales, although
below the record years of 1898-99 and 1897-98. The average
tories.
pounds compares with 204 pounds
1899-1900, 240 pounds in 1898 99 and 237 pounds in 1897 9i.
yield of lint per acre at 208
in
PRODUCTION UY STATES.
1900-01.
189900.
1898-99.
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Balrs.
Bales.
Bales.
425,000
802,000
400,000
874,000
1,196.000
55,000
1,078.000
1,115,000
1,226 000
57,000
1.136,000
1,349,000
651,000
2,575,000
665,000
240,000
480,000
960,000
1,448,000
54,000
Missouri
Virginia
698,000
3,550,000
81P.O0O
275,000
246,000
118,000
35,000
13 000
Total
10,425,000
Texas
Arkansas
Tennessee
Indian Territory
Oklahoma
Aver'ge yield per acre
208
lbs.
81,000
30,000
10,000
1,161.000
1,776,000
577,000
3,143,000
921,000
381,000
192,000
87.0C0
39,000
16,000
9,410,000
11,235,000
14>>,000
204
lbs.
240
lbs.
Tk.nnkhskk. — Heavy rains nrst of week hindered farm work; cooler
weather following with frosts tKtUaud 19th, at no damag*, ootton
opening slowly and picking well alvauced.
Missouri.— Unseasonably c.ooi; ootton picking progressing rapidly.
OKLAHOMA AND INDIAN TBBRITOBIE0. I'lHisUally OOOl With ll|
frost lHth uud 2otli, -1'KLit damage; cotton picking w.Jl advanoed,
j Iclds below expectation.
These reports on cotton are summarized by the Department as follows:
The heavy rains in the South Atlantic and East Gulf Btetaa aused
much injury to ootton, and the reports from the 0*ntral and western
districts of the ootton belt continue to ahow the unfavorable effects of
the raina of the prevloua week, although a large jMrt of be last na
distriota haa reorived only light ahowera. or no appreciable rainfall.
In the central and eastern districts much open cotton has been dlsred and considerable beaten out, while rotting and sprouting are
Muiie generally reported, and cool weather has checked growth, burIns the early part of the week ploklng was retarded In the eastern dietrlots, but was aotlvely resumed at the close of the week.
In Texas
ploklng progressed uninterruptedly, and in localities some Improvement In late cotton Is indicated; but the general condition of the crop
1
i
in that State la poor.
—
Shipping news. As shown on a previous page, the
sxporte of ootton from the United States the past week have
reaohed 83,633 Dales, The shipments In detail, as made np
from mail and telegraphic returns, are as follows:
New York—To
and 747 Peruvian
Perugia, 1,750... .Scotia. 255 ...8partan Prince, 100
476.C00
956,000
1,445,000
65,000
1,147,000
1,808,000
660,000
3,008,000
905,000
360,000
183,000
116,000
33.000
13.000
8ept. 26— Steamer Wanderer. 4.000
Havre -Sept. 21— Steamer Glenarm Head, 2,5'
Hamburg -Sept. 25-Steamer Goodwin. 1910
Antwerp- Sept. 26— 8teamer Rosalie, 75i>
Rotterdam —Sept. 24 -Steamer Trevessa, 100
Malag*— Sept. ^6— Steamer Ganoogorta, 3.655.
GALV8STON— To Liverpool— Sept. 21— Steamer Scholar, 4,425.
To Havre-Sept, ZO— Steamer R >dney, 5,710 ...Sept. 23 —
Steamer M*ssappqia. 7.097 ..Sept. 24— SSeauier Gail-
5,030
2.500
1,910
1,0*0
To
To
To
To
To
750
1 00
3,655
4,425
19,179
4,741
To Bremen -Sept. 24— Steamer Weatonoy, 4,741
To Hamourg— Sept. 20 -Steamer City of Yorti, 72
To Antwerp -Sept. 23 -Steamer Hornby Castle 3,99>. ...
Savannah— To Bremen -Sept 23— 8teamer Dora Baltea, 9,706
To Hamburg Sept. 2 i— Steamer Djra B iltea, 657
Wilmington—To Ghent-Sept. 21- Steamer Torgorm. 5.S72...
Norfolk— To Liverpool— 8ept. 25— Steamer Lugano, 536
BosTOH—To Liverpool— Sent. 14— Steamer Devonian 103
Sept. 24 -Steamer Commonwealth, 600
To Yarmjuth— Sept. 23-rtte*iuer Yarmjuth 176
Baltimore— To Hamburg- Sept. 24 Steamer Boanla, 300
To Bremen—Sept. 25 -Steamer Koln, 1,339
726
>.
3,995
9,70 3
657
3,872
596
609
176
300
1.399
„
88,653
of the foregoing shipments, arranged in
our usual form, are as follows.
Oreat French Qer- r-oth.B'rope—. Mexico,
Total
11,181,000
lbs.
Boston
ports,
Brit'n.
many
537 13,323
4.177
5,080
2,500
1,910
5,467
10,363
4,4 25 19,179
......
......
<•>
•
520
•
......
.•
5,872
596
609
....
Japan
Total.
22,277
••«
1.
i5
,
y 17 D
33,066
10,363
DfS/£
......
......
735
176
Baltimore.
Total....
North. *outh.
773 2,947
850 3,655
3,995
1,699
1,699
14,837 22,216 32.762 11,490
Exports to Japan sinse Sipt.
796
«,602
have been
1
88,653
1,337 bales
from
the Pacific Coast.
Government Weekly Cotton Report.— Mr.
Jas. Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the following telegraphic
reports on the crops in the Southern States for the week ending Sept. 23:
North Carolina.— Heavy raina Tuesday and Wednesday very in
jurioua to open ootton; much was beaten to the ground atd soiled-
Ootton freights at
New York
the past
week have been
a? follows.
Bat-ur.
picking cotton progressing very slowly.
Booth CAROLiNA.-Exces8ivert.iua submerged lowUnda, damaged
open ootton; cotton picking delayed, cool weather checked rapid opening, decreased rust and shedding, sea-island improved.
Georgia— Heavy rains and winds first of week greatly damaged
cotton; ootton discolored, blown out and somejrottiug in boll; picking
resumed, labor scarce.
picking.
124
124
20^21
Do
Do
Alabama.- Heavy
to excessive raina on 17th and ISth, particular!
in southeast portion, followed by cool weather with light
Hon.
Havre. ...........c. 20021
Bremen, 8ept
27 4
c.
Hamburg, 8ept..c.
20
28
Rotterdam
224
c.
Ghent, v.Antw'p.e.
Keval, v.Br-Hame.
Florida.— Showers early part of week delayed cotton picking; subsequent conditions more favorable; in some aeotions half of ootton
v. Hull...c.
27*9
19920
7W6*.
Wednte. Thurt.
m.
124
124
124
124
20® 21 20921 20921 20921
274
274
274
274
19®20 19920 19020 19920
28
28
28
28
23
£24i
224
224
224
224
15
15
15
15
15
15
21>«
214
214
214
214
214
32
27
32
32
27
32
32
27
32
32
32
27
32
32
27
27
32
v. Canal.. c.
82
(3enoa,8ept
18-22 1* 18-224 18-224 18-224 18-224 18-224
c.
28
28
28
28
28
28
frost in northern counties; cotton opening slowly, shedding freely, rust
damaging, seme bolls rotting and sprouting, picking being pushed
yield light, no top crop forming.
Quotations are oenta per 100
lbs. or fractions of a penny per lb.
Liverpool. By cable from Liverpool we have the following statement of the week's sales, stocks, dfco., at that port,
Mississippi.- Unfavorable week; cloudy, with rain flret two days
clear and much cooler last five; light froat north on 18th and I9th
cotton continues to rot and aprout In bolls, second growth, rust and
shedding still damaging, opening freely, especially In south, picking
v
8
resumed last of week.
Louisiana— Weather dry and oool since 18th; heavy raina at close
of last week and opening of this week proved very unfavorable for
cotton, much open cotton beaten out on ground and stained, rotting
and sprouting In bolls reported in many sections, picking progressing
rapidly at close of week
- Tem P er »ture much below normal with marked deticienoy in
T K.X ^ 8 rain
rainfall;
needed in oentral and northern sections, elsewhere ample
moisture from last week's rainfall; ootton ploklng progressed uninterruptedly and yields continue much below average; late cotton Improved in some localities, but general condition poor; crop eet back by
cool weather and is being greatly damaged by army worms and boil
weevil.
Arkansas.— Cool with light rains, unevenly distributed; light frost
—
:
in many localities, no damage; in some localities
most all cotton open,
in others oool weather checked opening, picking progressed rapidly.
46
520
The particulars
bagging quality.
damagtng
2,901
To Naples, per steamer Perugia. 44 ...Scotia, 2
To Shanghai, nor steamer Hlilglen, 520
New Orleans -To Liverpool— Sept. 21—Steamer Costa Riean,
tano.6,372
Bales.
are quoted at 6i^@6}^c., f. o. b., according to quality. Jute
butts dull at li^@l^c. for paper quality and 2? 8'@23^c. for
first
3,927
250
John Sanderson,
100 ...La Bretagne, 400 upland and 33 Sea Island
537
To Bremen, per steamers Friedrloh der Grosae, 6,166
Roentgen Luise, 7,037
13,22i
loo
To Hamburg, per ateamer Prtnneylvanla, 100
ateamera
Haverford.
per
445
Zealand,
323
To Antwerp
773
Ltguria. 100 ...
To Genoa, per steamers Aller, otfri
Jcte Butts Bagging, &c— There has been a very light New York.
N. Orleans
demand for jute bagging during the week under review, but ialveston.
prices are as last quoted, viz: 63. for \% lbs. and 6%o. fcr 'avannah
Wilmlngt'n
2 lbs., standard grades. Carload lots of standard brands Norfolk...
crop harvested at
Total bulsi
Liverpool, per steamer Cevlo, 3,1 SO upland
To Hull, per ateamer Hindoo, 250
To Havre, per ateamera Bordeaux, 4
1897-98.
237
•
Sept. 6
tales of the
!
week
bales
Of which exporters took..
Of which speonlatora took
Sales American
actual export
forwarded
Total stock -Estimated
Of whloh Amerloan— Eat'd
Total Import of the week
Of which American
\mount sJoat
Of whloh Amerloan
33.OO0
1,700
3,800
32,000
6,000
46,000
334,000
244,000
20,000
14,000
36.000
23.000
Sept. 13
40,000
2,800
1.430
31,000
4.000
4b.OO0
292.0O0,
209,000!
9.000
8.000
69,000
62.0001
Sept.
20
3i.OO0
1.400
1,200
29,000
6,000
36.OO0
267,000
183,000
16,000
15.000
69.000
61.0O0
Sept. 27.
47,000
3
300
1.200
40,000
6,000
57,000
2.^9,000
190,000
65,000
52.000
35,000
25.000
THE CHRONICLE.
086
The tone of the Liverpool market for spots and future*
eaoh day of the week ending Sept. 27 and the dally olosing
prices of spot ootton, have been as follows.
SaCday.
Spot.
Market
1S80Pft.j
Moderate In buyers' Moderate
farur.
demand.
demand.
Mid. Upl'dB
Sales.
Spec.
A ex
Monday. Tuesday, Wed'day. TKurtd'y Friday.
41B
M
*»16
4<>b
4 19 32
6,000
10,000
8,000
7.000
500
600
500
600
i>
Moderate
demand.
Qnlet.
4
(,
1'lrmer.
4°8
16
6.000
8.000
1,000
500
Futuret.
Market
opened.
Market,
«p. M.
Qnlet at
Qnlet at
l-rt4(((:U-rt4
partially
l-*M deo.
adranoe.
Barey
Barely
Rteadyat
8-«4 dec
Qalet at
l-81ad».
dine.
ndvanoe
Easy at
pt8
decline.
Firm at
6@9 ptH.
advance
2-64 de-
Q'tAst'dy Q't A st'dy Qnlet but
•tend y at 1«!»IU pu.
dec decline
2 pit.
I
Firm at
Qnlet at
partially
2®:i pts
steady.
duoltne. !unchang'd
3®3H
2-04
@ 3-64
The prices
of futures at Liverpool for eaob day are given
Prioea are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
Egp The prictt are given in penet and 64<nf. TKut 3 S3 meant
3 6i did., and 4 01 meant 4 l-64d
below,
•
Sal.
!fl on.
Wed. Than. Fri.
Tuee.
21 Sept. 28 Sept. 24 Sept. 25 Sept. 26 Sept. 27.
Sept.
12»«
1
124) 41» 124i 4,
124) 4
124i 4
12% 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d
d
d
d.
80 4 31 4 28
d.
8ept.,L.M.O. 4 37 4 33 4
Oct., G.O.O. 42 1 4 2S 4
4 24 4 21 4
Oot.-Nov
Nov. -Deo . 4 20 41" 4
421 4 18 4
Deo.- Jan
4 2 4 1H 4
Jan. -Feb
Feb.-Moh.. 4 21 4 18 4
Mob. -Apr . 4 21 4 18 4
April-May... 4 21 4 18 4
2d 4 24 4 21 4
19 4 20 4 17 4
In 4 17 4 15 4
16 4
16 4
16 4
16 4
16 4
d.
d.
4
28
22
18
16
15
17 4 14 4
17 4 14 4 15
17 4 14 4 15
17 4 14 4 15
17 4 15 4 15
d.
d.
d.
4 29 4 29 4 27 4
4 21 4 22 4 1» 4
4 17 4 18 4 15 4
4 15 4 5 4 Id 4
4 15 4 15 4 13 4
4 l"> 4 15 4 12
4 15 4 15 4 12 4
4 16 4 15 4 13 4
4 15 4 15 4 13 4
d.
26 4 31 4
1r 4 23 4
14 4 18 4
12 4 15 4
12 4 15 4
4 14 4
12 4 14 4
12 4 16 4
12 4 15 4
d
35
Ih
26
20
18
17
17
17
17
17
[Vol. LXXIII.
for export, and this had a strengthening irjflaence upon
values. Subsequent developments however, indebted that
the corn purchased whs merely to come forward Ei<t to take
advantage of free et rage as well as a cut In freight rates,
and was to be held here until wanted by exporters
The expoit business in the spot market has continued qniet. Today there was a weaker market, favorable w> ather prompting moderate selling. The spot market was quiet and easier.
OAILY GLOBING PRIORS OF NO. 2 MIXKD CORN I- IN K \\ YORK.
Turt,
Mon.
Wed.
Sat.
TKurt.
Fri.
Oash oorn f. o. b
64 Cg
cs44(
643g
64%
64%
63%
«ept. delivery In elev.... 63\
643r
61
64
63 '«
6<%
Deo. delivery In elev
64 »e
64
61%
63>«
63%
6 4%
May delivery in eiev
64 '«
64 "s
t)4%
64 "a
64
b3^e
DAILY 0LO81NO P RIO IB OF NO. 2 MIXKD OORN IN CHICAGO.
Tuet.
WtA.
Mon.
Sat.
TKurt.
Fri.
-.to,
Sept. delivery In elev.... 57ie
58*4
57%
57%
e6«e
Deo. delivery In elev
.•>w*4
68 7s
5« 78
58%
58
58»t
May deUvery In elev
6u%
tO
60 4)
59%
6u?e
59%
Oats for future delivery at the Western market have been
quiet, but prices have held fairly steady. The movement of
the crop has been on a fairly liberal scale. The distribution,
however, has been sufficiently free to prevent an important
accumulation of supplies in sight ; consequently there has
been no pressure to sell. Locally the epot market has been
moderately active at about steady prices. To-day the market was slightly easier with other grains.
DAILY OLOSUfO PRIOBS OF OATS
D NEW YORK.
Tuet.
39
Mon.
39
41%
41%
414>
Sat.
2 mixed In elev
«o. 2 white In elev
C*o.
Wed
39
384i
414)
Tkurt.
88**
38*«
41%
41%
Fri.
DAILY CLOSING PRICES OF NO. 2 MIXKD OATS IN CHICAGO.
Sat.
WtA.
Mon.
Tuet.
TKurt.
Fri.
Sept. delivery In elev
34"»8
31'9
34*8
35 1*
34%
34%
Dec. delivery In elev.... 36%
36%
36%
36%
86
368s
May delivery In elev.... 38%
38 »8
38%
88%
38%
38
Barley has held steady and fair sales of malting have been
made at 60@61^, c. i. f. Buffalo. Rye has been quiet and
unchanged.
Following are the closing quotations:
FLOUR.
92 25 •2 35
Patent, winter .... 93 50 «3
Superfine. .... .... 2 40 32 45
Olty mllle, patent. 3 85 •4
Extra, No. 2
Rye Hoar, superfine 3 00 OS
2 60 92 60
Extra, No. 1
2 70 f»2 80
Buokwheat flour
Clears
2 90 »3 25
Oorn meal—
Straights
Western, eto
3 30 ©3 70
8 10 93
Patent, spring
3 70 94 35
Brandywlne ....
8 80
(Wheat flour in sacks sells at prices below those for barrels.)
Fine
BREADSTUFFS.
Friday, Sept.
A fair amount of business has been transacted
27, 1901.
marJobbers
in the
ket for wheat flour and on a steady basis of values.
have given considerable attention to spriag pitents, both old
and new, and the prices paid have been witnin the range of
$3 75@3 85 for standard and choice brands. Kansas wheat
flour also has had a fair sale in small lot3 at steady values.
City mills have been unchanged. Rye flour has continued to
meet with a moderate sale at unchanged prices. The demand for corn meal has continued of a hand-to-mouth character, but prices have held steady.
Speculation in wheat for future delivery has been quiet
and there has b?en a gradual sagging of prices. The statistical developments as reported early in the week were of
bearish character.
The Russian shipment for the week
showed an onns-ually large total and had a depressing influence in both the foreign and local markets.
The spriDgwheat movem-nt continued large, and this, too, operated
against the market. The foreign markets throughout the
week have ruled quiet. One authority in commenting on the
foreign situation says that there is a distinct shortage of
wheat in Europe, particularly Francs and G-armany. With
high-priced corn and shortage of the world's wdeat
crop outside of the United States and the Russian
uncertainty, it would not be at all unreasonable for requirement on Americaof 300 000,000 bushels. Large cash sales were
made early in the week by interior markets, cost, freight
and iasurance to Buff *lo, and it was understood to include
considerable free st» a^e there, with poisibilifcies of longer
free storage at Bufftlo.
Business transac ed in the spot
markets, exclusive or! the sales above mentioned, has been
comparatively qui't, and prices have weakened slightly with
futuies. To-day there was a slightly easier market. For
eign advices continued tame, and the Northwest receipts were
light.
The spot market was quiet and easier.
DAILY OLOSUfO PRIORS OF NO. 2 BSD WINTER IN
YORK.
Wheat, per bush.—
Hard Dulnth, No.l
N'thern DnL, No.l
Red winter, No. 2
Hard N. T. No. 2.
>ats— Mlx*d,p.bush.
f.
o.
b
Sept. delivery In elev....
Deo. delivery In elev
May deUvery
In elev
Bat.
Mon.
76k
74%
76*8
74I2
76»s
79%
DAILY OLOSUfO PRICKS OF
Sat.
Bept delivery In elev
Deo. delivery In elev
May delivery In
elev
68%
71
74*j
76^
Tuet.
76
74Bg
76^4
794»
Wed.
TKurt.
75%
Fri.
75%
75i«
74>«
74^1
76
74 *
76
79i«
79<%
79>4
NO. 2 SPRING IN CHICAGO.
Mon.
Tuet.
Wed. TKurt.
6858
6°.ifl
68H
68»s
7o%
703a
70^
70%
74*4
74
73%
7378
1
75%
7a 7a
Fri.
68*4
70i«
731%
Indian corn futures have been fairly active, with the undertone of tbe marftet ho'ding steady.
Weather conditions
throughout the corn belt have been more favorable, the
temperature being mnch warmer than a week ago. Nevertheless the frosts experienced last week, which extended
as far South as the northern line of Kansas,
did
damage to la^e corn, as shown by the weekly reporc issued by
the Government Weather Bureau on Wednesday. E*rly in
the week a large business was transacted in the interior spot
market, which according to first reports was supposed to be
e.
73%»75%
74 975%
88 940
No. 2 mixed.
No. 2 white
c.
e.
62 »63%
62Bb»64 78
6338965%
Rye, per bush—
54%t>57%
69 o60
60 965
54 957
Western
Btate and Jersey
Barley— Western.
Feeding
942%
41
20
61%«63%
Western yeUow
Western white
40% 945
38%(»39%
White
Government Weekly Grain Report.— Mr. James
Berry,
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
ending S-pt. 23 as follows:
Weather.— The week has been unseasonably oool In nearly all
Chief
of
the Climate
distrio e east of the Rocky Mountains with lltrht o he vy frosts, more
or less damaging, throughout the central valleys. Middle Atlantic
States, ami northern portions of the central Gulf States. Excessively
heavy and damaging rains occurred In tbe East Onlf and South Atlantic State*. On the Pacific eoast the weather conditions were very
f;i> orable, except In northern and portions of centra California, where
rains probably caused extensive damage to gram, hay and gripes.
Corn.— t,nte corn has been damaged to some extent by heavy frosts
in North Dakota and portions of Nebrat-ka. Kansas, Missouri and Iowa,
the percentage of damage in the last named State being very small.
The crop has als suffered some slight damage on low lands In Indiana
and Ohii but the bulk of the orop east or the Mississippi River is matured and safe from injury from frost. Cutting has progressed favorably and is ne^ring o xnpietton In some States
blowing. -With but few exceptions plowlrg and fall seeding have
progressed favorably, and the reports from the States of he Missouri
Valley Indicate that early-sown wheat is coming up nicely.
r
,
The movement of breadstuff s to market as indicated in the
statements below is prepared by us from figures collected
by the New York Produce Exchange. The reoeipts at
western lake and river ports for the week ending Sept. 21,
*nd sinoe Aug. 1, for eaoh of the last three years have been:
«f<i*ti
at—
NEW
Gash wheat
GRAIN.
Corn, per bash.—
78%»80%
Western mixed.
74%»7t>%
No. 2 mixed.
o.
90
30
60
inieago
Uiwankee..
•ninth
41nn«apolli.
Flour.
Corn.
2,838.960
oi«do
750
'•trolt
8,700
leveland ...
Louli
•oris
Cansas Olty.
Whtat.
Oat*.
Sbit.l96Ibi Bu*h.60ibt ButKBGlbi Suih.seib*
167.413
1,794,400
1,868.868
995.872
72S50
87,800
246,000
180.000
119,000
8.220,641
21,881
62.417
288,35
60,005
6,784
28.886
44/80
838.2 £6
16,660
'
28.950
388,118
26,702
B«ri««.
amviRih- B«.A6ib«
482,950
89.852
52<!,800
22 600
204.810
273,206
191,000
252,183
1,668
110,740
85.S67
160,846
881.100
801.800
50.400
660,800
214,000
145.600
94,400
148,800
426.897 ~9,030 68
7,121.098
417,941
2.652,69*
2.181.049
1.630.014
4.840,79 <
8.8 12.879
1,276,899
461,8£9
7,808,b80
6,912,422
1, 124,731
1.266.988
1B01
8,330,096
58, c 65.861
1WO0
1899
3,180.111
it.
r-ot.wk.1901
tame wk.'OO.
<am« wk.'OB.
<inci
Aui.
50.009
80,260
118.867
49.600
107.000
6.760
1,400
1
312,138
138.600
191,642
1.
3 601 481
22.877.144 81,848.704
56.203,714 25.818.579 86.962 715
42 718.014 M9 103.734 37,501. 120
7,850,697 2,886.463
803.802
1.648.648
4.727.978 1,248,601
The receipts oi flour and grain at the seaboard ports
week ended Sept. 21, 1901, follow:
the
for
September
THE CHRONICLE.
38, 1901. J
»V*»at,
kmiiki at—
««w Tort
,
Boston .
Montreal
phiiad«ipni»
Baltimore
1644.81111
087,«70
ei.acj
60.U88
78,000
17.
Charleston
nawpuri Newt.
Norfolk
Portland.
mo
l*S.7(il
Mrt.oai
814*
78,108
84,178
8 ».818
88,750
BOO
ft
1.044
.
1H.887
25.S00
1.041
16.100
Utt.Ol
104.7H4*
48.14 II
Tut- -«•.
684.861 8.K76.148 1.U8.8S6 1,407 (-02
91.247 1J1.08&
W«ek 1600
tM.066 U.097.UIJ1 1,883.008 2.2H1 880
Total rncipiM at porta trom Jan. 1 to Sept. 21 compare as
follows for four years:
RtcHvttotloisr
Wheat
"
Oats
Barley
"
Total sraln
W3.879.flS2
"
"
60.611.485
8.8uf,7l8
2,912,017
"
U76.689 0S8
Bye
88,0(9.620
HN.744.HH)
140,0*8,99.4
163H7>08
7l.110.U-l
2.018,888
70.O23.81S
6.8V1 n80
1,486,-86
880.288.888
307.877 ,3U
21, 1901, are
Corn,
Skssf
Hour,
buth.
8F»,«48
86.8«1
72 081
18 4*7
52.164
1.204
18,887
MeaporU /rem— M*»h.
*»w York
406
Boston
469 848
Portland, Ha.
Philadelphia..
lift
82.801
Orleans..
25.81
180.260
2r7.998
453.000
87.675
70,381
82,881
6,982
12.710
89,857
8,967
Quebec
Total week
822.118.2114
P»*t.
buih.
flv«.
bush.
816
619 295
976 155
runtr.-
Wttk
170 001
06, 32
81.18a
681.093
178 9 9
68.458
10,384
60.4142
rto
0CO
16.7*8
12,767
275.166
880.796
851.451
918,813
Br. N.Am Colo's
Other oonntrles
Totmi
Total 1900
rMIl,
other Countries. ..„
9.448
281,426
8.496.0S7
1.606,825
1.442001
buih.
162 000
189.000
62,n00
107,000
31, 0v
',98.000
18.0011
wv
88.000
Boston
9*6
Philadelphia
Baltimore
New Orleans
676000
9.448
.,
34*te« S«»t.
1, 1901.
'u»h.
8.987,878
6,728.779
15.641
21.187
1
i
'em.
w»*k Bint*
Sept. 81
s »
1. 1901.
uulA
bu
410.624
208,120
1.219
12.172
9.760
1.118,477
125.760
92,08
87. 7«J8
28,070
1,886
1,701.818
6.901,811
90.0O'
881.000
7.
80.000
80,000
802.0CO
807,000
'61.000
165,000
668.000
1,171,000
386.000
"8.000
61 000
127,000
196.000
24.000
i
103,000
1,828.000
238,00V
21.004
B
13.000
14.
86
,,
r
afloat
Do
128.00C
STOiolb'
684,000
28,000
68.004
afloat
ft.Wiirm*Pt.Arthur
Duluth
Do
617.000
682,000
469.000
O
gSSgfS
•to
MS
6.860.00''
- 8,600. on
afloat
KansasClty
Peoria
Indianapolis
On Mississippi Hirer.
On Lakes
On aanal and
Sept.
Sept.
Sept.
Sept.
Sept.
rtrer.
..
21, 1901..
14, 1901..
42. 1900..
23, 1899..
84. 1698..
70,(00
1,8*8,000
775.000
13.000
666,000
840 om,
781,000
278,000
148.000
222,000
41,000
466.000
26,000
31,000
1,686.000
848.000
i,i64.obd
224.000
95.000
716.000
82 025,000
12,930.000
1*,602.000
7 822.000
8 860.000
19,662.000
8.768.000
8,476.000
11,669,000
6.888.000
4.761.000
80.87 2,000
64.993 000
89,770 04.0
9,808.000
91.00C
2.00C
75.000
8.000
2,000
404.000
165,000
869.000
700 000
746.000
1,116.000
1,125 uot
7M.0OI
8S2.00(
1.
150.00
THE DRY GOODS TRADE.
New
York. Fbiday, P. M., Sept. 27. 1901.
The chief features of the market this week have been provided by M C. D. Borden, who early in the week gave notice
that on Oct. 1 the wages of operatives in the Fall River Iron
Works Mill would be advanced 5 per cent, and who yesterday raised the price of American indigo blue prints J^c. per
yard. The first move was a complete surprise to other Fall
River manufacturers, but the trade was not altogether unprepared for the second. The situation in Fall River has
been unsettled by Mr. Bjrden's action, as operatives in other
mills have preferred a demand for a like advance. It does
not at the moment seem probable that it will be granted, and
labor troubles, it is feared, may result. In other respects the
week has been uneventful. The general demand has ruled
quiet in all directions, and while it has as a rule been freely
met by sellers, there has been no tendency towards weakness
apart from cleaning up some odd-and-end lots of fancies.
Woolen Goods.— Tne demand for woolen and worsted
fabrics lor men's wear has been on a limited scale this week,
business beii g interrupted to a considerable extent by Jewish
holidays,
In any Cdse the demand would hardly have
been otherwise than indifferent, as there are no large
buyers in the market just now. They have completed
S:
O
S:
2
B
M
"vie
3,065
20.882
2.291
307
12
153
8890
42,'<84
1,401
32,ti96
7,504
891
7,100
195,879
2,603
250.471
;
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1,619.000
d
899.001
afloat
Minneapolis
Bt Louis
Do
1.088.OO0
3,612, o(
8.891
23,'259
Foreign Dry Goods.— There has been a quiet demand for
grades of dress goods at previous prices. Silks and ribLinens with a moderate demand
bons are firm but quiet.
Burlaps are weak and lower with a slow
are also firm.
demand.
Importations an d Wurtli ouse Wit hdnt waNot Dry Goods.
s
«
A
i*
A
4
3
A
afloat..
4.992.00C
140 446
2
The value of the New York exports for tne year to date
has been $8,446,819 in 1901, against $11,012 410 in 1900.
There has been more inquiry for brown cottons on export account this week, but the prices bid are generally too
low for actual business. Home buying of brown goods continues quite moderate at steady prices. Ducks and brown
The movement in
osnaburgs are quiet and unchanged.
bleached cottons nas been on a quiet scale, with prices maintained. Wide sheetings have ruled dull bat steady and the
market for cotton flannels and blankets is featureless. Coarse,
colored cottons continue in a well-sold up condition, with a
moderate demand coming forward. Kid finished cambrics
are dull. Business in prints has been confined chiefly to
staple lines at firm prices, with American and Merrimack
Fancy
in igo blue prints advanced J^c, to 4 3^c. per yard.
cthcoes and fine printed specialties have been in quiet request. Percalines and printed flannelettes have sold indifferently. Domets aud ginghams are quiet and unchanged. Print
cloths are unchanged in price on tne basis of 3c. for regulars.
994,000
'
6,735
1,685
1.317
fine
9,0
726.0.)
Milwaukee
Total
Total
Total
Total
Total
btu>.
afloat.,
Ohloago.
Do
189,000
913
68,000
884.000
ti*rtt\
blws.
68.030
afloat.,
Detroit.
Do
oats,
bus A.
788 ™'
a
24
15.511
6,078
10,760.787
612,235
6.864.409 2 25J.829
1800C
1.610.000
Toledo
Do
v.
840,000
162. uOC
Buffalo...
Do
Corn.
but*.
23
515
33
139
290
285
Total
Sept. 21.
"•J1.411,092
2.060.316
«.fll6.'
Qalreston
Montreal
Toronto-
3
9.807
The visible supply of grain, comprising toe stocks 1l
granary at the principal points of accumulation at lake and
seaboard ports, Sept. 21, 1901, was as follows:
In stars •(—
Mew York
Do
afloat
483
Binee Jan. 1
free*
1
3.649
1.074
76,160
4,031
80,b88
6,724
16,748
1,435
5,382
4,895
bu$h.
142.876
Wi4k
1.1901.
bbf
B.AC. America.
Wait Indies
16
53
Other European..... .......
,
TP/uai.
.
Sinn S*wt
Sept. 21
a*vt. i to-
Onlted Kingdom
Continent.
Week. Binee Jan.
.
46,853
1900.
j
23.
6.162
1,014
3.196,087
Mzforls for
TO Sept.
S.li-S.fi*
69.911
41.102
60.407
Same time '00. 1,046,826 2,253. -29 880.796 1,008,696
The destination of these exports for the week and since
Sept. 1, 1900, is as below:
*nk and i4n«
1901.
Niw York
10,920,92
818
16.000
90.000
..
;
—
714
Norfolk
Newo'rt Nawi 264.000
819.276
Montreal
Oalvesrnn
9941000
Charleston
Peneaoola.
Oats,
ou»h.
bblt.
0oo
8(-2
Baltimore
7,4>i0.O88
even small orders for the leading niakeB. Prices are
without change and generally <iaite farm for staples. Business in fancies has not shown any sign of improvement. Hofttiuished fancies are in better request tban bard finished
Woolen and
good*, with some Irregularity in ibe latter.
worsted dress goods for spring have sold fairly, and chiefly in
Overcoatinga and cloakings are dull and
staple varieties.
unchanged.
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending Sept. 28 were 6,735
pacsages, valued at §286,785, their destination being to the
points specified in the tables below:
plaein
the several seaboard ports for the week
shown in the annexed statement
The exports from
ending Sept.
New
71.°0-»,887
180.3o«,261
67,0 8.021
bSsn.ll-.4447.OM4
Corn
1808.
11.808, 11 a
la>9 -„
.
16.810,268
1800.
15,627,179
1001.
bbl». 15.881.880
.
round of purchases and are so far sendfew re-orders.
The preference for plain
serges,
in
clays
and cheviots
has
been a feature, with some difficulty experienced in
first
in bot
goods
m tuple
ing
H{,'*in
08,677
150
JM>01
l.aci
...
.
8,7
204.C0O
4U":<
Me
Pemaoola
Quebec
their
88.800
8U0 40O
711
,
ttalveitoD
6uik
188 000
lS.SOJ
MIS
e».*67
O'laaut*...
ii«T..»
buttt
b8b,»ta
<J7».NX)
164J.7I4
RlObmODd
t«w
Oa«.
6J4H.44H1
871
U3.7I8
6o.8(m
187. «"S
(torn.
bus*.
671.500
60.788
17,700
both.
t>Mi
1011
667
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8
8
THE CHRONICLE.
(588
State /w&
City
Demi-twent.
Bond Proposals and Negotiations
this
week have been as follows
Adams (Mass.) Fire! District.— Temporary Loan.— Thisdis:
has borrowed $5,000 until Jan. 2, 19U2, from the Greylock National Bank of Adams, at 4 Y-,1 interest.
Akron, Ohio.— Bond bale.— On September 21 Denison, Prior
Co., Cleveland, were awarded the $26,600 4* 10 year re1 3 year (serial) sewer
funding bonds at 100-69, the $9,000
bonds at 1C0 866 and the $700 5* sewer bonds at 100-71. For
full description of bonds see Chronicle Sept. 7, p. 518.
Albemarle (N. C.) School District.— Bond Sale— On Sep
tember 1 an issue of $3, COO 6% 30-year graded school bonds
was awarded to Tbos. J. Hurly, New York, at 102-50. Interest on bonds will be payable semi-annually.
Allegan, Mich.— Bond Offering.— Proposals for the $15,000
water bonds, mentioned in the Chronicle September 21,
"will be received in three weeks.' luten-st will be at the
rate of 4%, payable semi annually at the office of the Village
Treasurer. Principal will mature $1,000 yearly, beginning
Jan. 15, 1903. Cbas. F. Davison is Village Clerk.
Allegheny, Pa.— Bond Offtring —Proposals will be received until 3 p. M., October 7, by James Brown, City Comptroller, for $1,098,000 '6%% bonds as follows
trict
&
H
:
$430,000 water bonds, maturing *14,000 yearly for 20 years and $15,000 annually for 10 years thereafter.
336,000 street-Improvement bonds.
100,000 electric-light bonds, maturing 13,000 yearly for 20 years and.$4,000 annually for 10 years thereafter.
50,000 sewer bonds.
100,000 city- home bonds, maturing $3,000 yearly for 20;years .'and 114,000 annually for 10 years thereafter.
£3,000 public-safety bonds, maturing $2,000 yearly for 7 years and $3,000
yearly for 23 years thereafter.
Securities are in denomination of $1,000, dated Ost. 1, 1901.
Interest will be payable semi-annually at the office of the
City Comptroller or by check. A certified check for §10.000,
payable to the city of Allegheny, must accompany proposals.
Accrued interest is to be paid by purchaser.
Allentown, Pa. Bond Offering.— Proposals will be received until 7 p. m October 1, by Jae. L. Schaadt, Mayor,
for $100,000 d}4% improvement bonds. Securities are in de
nominations of $100 and $500, dated July 1, 1901. Interest
will be payable semi- annually.
Principal will mature in
certified check for
80 year?, subject to call after 5 years.
2% of tbe amount bid, payable to the City of Allentown,
must accompany proposals.
Anacortes School District No. 18, Skagit County, Wash.
Bond Offerina. Proposals will be received until 3 p. m.,
October 8, by R. O. Welts, County Treasurer, for $20,000
20-year bonds. Securities are in denomination of $1,000.
Interest will be at a rate not exceeding 5%, payable at the
office of the County Treasurer or in New York City.
certified check for $200 must accompany propisals.
Atlanta, Ga. Bonds Authorized.—The City Council has
tonds to refund out
authorized the issuance of $118,000
standing securities which mature early next year.
Atlantic City, N. 3.— Bond Sale.— All bids received
September 23 for the $70,000 4% gold water bonds, describ d
in the Chronicle September 7, were rejected. The bids
then received are as follows :
,
A
—
—
A
3^
107-37
Jno. D. Everitt & Co.. N. T
N. W. Harris 4 Co., New York.. 106-54
Mason, Lewis 4
Co.,
Boston
102'25
4 Co., New York.101'05
The bonds were awarded, however, the next day at private sale to Spitzer & Co., Toledo, at 108-50 and accrued inFarson, Leach
terest.
—
Baxley, Ga. Bonds to be Issued. This city will shortly
issue $2,500 5% 30 year water-works improvement bonds in
denomination of $500. Interest will be payable semi-annually
at the office of the City Treasurer.
Bloonisburg (Pa.) Literary Institute and State Normal
School.— Bond Sale.— On September 20 the $48,000 4% first
mortgage bonds were awarded to the Farmers' National Bank
of Bloomsburg, at 101*111 and accrued interest. Following
are the bids for the entire amount:
Farmers' Nat. B'k, Bloomsb'g... 101*111
I
0*.
R. Williams
4 Co. ,'Plttsb'g... 100-50
Todd & Co.. Cincinnati... 100-729
For description of bonds see Chronicle Sept. 7, p. 518.
Buffalo, Minn.— Bonds Defeated.— The question of ifsubog
bonds was voted upon and defeated at the election held Sept-
W.
a,
ember
I
17.
Calhoun, Ga.— Bonds Voted.— At an eleclion held September 14 the issuance of $5,000 20-year school- house bonds was
authorized.
Casseltoo, N.
Dak.— Bond
—
Offering. This city will shortly
offer for sale an issue of $5,000 4)0 15-year funding bondp.
Securities are in denomination of $1,000, dated Oct. 1, 1901.
E.G.Guthrie is city auditor, and will receive b da at any
time for these bonds.
Charlotte, Mich.—Bond Election.— An election will be
held September 30 to vote on the question of issuing $30,000
[Vol. LXX1II.
Coleridge, Neb. -Bond Offering.— Proposes will be received uniil October 15 for $3,500 6% refunding bonds. Secuiities are in denomination of $500. dated Aug. 2, 1901.
Interest will be payable in New York City.
Principal will
mature August 2, 1921, subject to call after Aug. 2, 190<5.
Conneaut, Ohio. Bond Offering. — Proposals will be received until 12 m October 5, by the Village Clerk, for $20,000
4% electric-light-plant improvement bonds
Securities are
denomination of $1,000, dated Sept. 1, 1901. Interest will
b9 payable semi-annually at the office of the Village Treasurer.
Either money or a certified check for $2,100 will be
required with bids.
Danbury, Conn,— Bond Sale.— On September 25 the $215,000 '6%% 40-year city bonds were awarded to J. & W. Seligin
man &
about
J. 4 W.
New York
Co.,
3-40£.
10223— an
City, at
Following are the bids
interest basis of
:
4 Co., N. Y...10'-2:( O'Connor 4 Kabler. New York.l<"0B97
If 043
N. Y
10129
K.
l>ay 4 Co., New York
100-06
4 Co., New York.101'27 Estabrook 4 Co.. New York
For description of bonds see Chronicle Sept. 7, p. 519.
Dodd City (Tex.) Independent School District No. 18.—
Bond Sale. This district has awarded an issue of $5 000 Q%
bonds dated July 2, 1901, to the First National Bank of Dodd
City at 102. For description of bonds see Chronicle, Aug.
Seligman
N.W.Harris
*.Ca>..
I..
Farson, Leach
—
81, p. 460.
—
Dublin, Ga.— Bonds Voted. This city on September 9
voted to issue $25,000 5% 29-year gold sabool, water and lightimprovement bonds. Securities will be offered for sale about
Oct. 1, 1901. The interest will be payable semi annually at
the Hanover National Bank, New York City.
Edgewood, Allegheny County,' Pa.— Bond Offering,—Proposals will be received until November 2 by R. E. Emery,
Borough Clerk (P. O. Eigewood Park), for $10,C00 4% sewer
and street-improvement bonds. Securities are part of an
issue of $25,000 bonds, of which $15,000 were sold Sept. 20,
1900, to The Lamprecht Bros. Co., Cleveland, at 102*25, the
bonds being 9-23- year serials. Bonds are in denomination of
Interest will be pa} able semi$1, COO, dated Sept. 1,1900.
annually.
Sept.
1,
Principal will mature $1,(00 Sept.
and $2,000 yearly thereafter.
1,
1924, $1,000
1925,
The official notice of this bond offering will be found
the advertisements elsewhere in this Department.
among
Erie, Pa.— Bonds Authorized.—The City Councils have au10-20 year (optional) bonds
thorized the issuance of $26,909
Interest on
to pay cost of constructing electrical conduits.
the above bonds will be payable January 1 and July 1 at the
office of the City Treasurer.
The Common Council
Everett. Mass.— B^nds Authorized
has authorized the issuance of $13,000 surface-drainage bonds.
Foxborough, Mass.— Note Sale.— Oa Sept. 23 an issne of
$5, (.00 3%% refunding notes, maturing from 1903 to I9u7, inclusive, was awarded to the Foxborough Savings Bank at
H
—
100-75.
Gardner, Mass.— Note Offering.— Proposals will be received until 6 p. m„ September 30, by John D. Edgell, Town
Treasurer, for $20,000 3^3 1-10-year (serial) school-house
notes.
Securities are in denomination of $2,000, dated Oct.
Interest will be payable semi-annually.
1, 1001.
Gloucester, Mass.— Lean Authorized.—The Council has
passed a resolution providing for a six-year loan of $3,600 for
tbe improvement of the fire-alaim system.
Bonds Authorized.—The Aldermen
Greensboro, N.
have authorized the Mayor to sell $65,000 street and $65,000
sewer bonds.
ttreenville, Miss.— Bonds Voted.— At an election held
September 16 the question of issuing $50,000 sewer bonds was
submitted and carried by a vote of 401 to 10.
flackensack, N. J.— Temporary Loan.— This town has borrowed $5,000 from a local institution in anticipation of the
C—
collection of taxep.
Halifax, N. S.— Bond Offering.— Proposals will be received
until 12 M., October, 8 by W. L. Brown, City Treasurer, for
$8,500 4i bonds, $3,000 of which is for the entertainment of
the Duke and Dacbess of Cornwall, and is authorized by
Chapter 61, Laws of 1901; $2,200 for fire house, and is authorized by Chapter 60, Laws of 1901; and $3,300 is for deficiency
Provincial Exhibition 1900, and is authorized by Chapter 15,
Laws of 1898. The bonds mature $1, COO yearly on Oct. 1 from
1902 to 1905, inclusive, and $1,050 on Oct. 1, 1906, and on
Oct. 1, 1907. At the same time and place proposals will be
rpceived for tbe following 4% bonds:
$30,000 Refunding wat»r bonds,
«..«•»,_.
)
15,100
40,or'0
Refunding punlic garden boDds,
Refunding sewer bonds,
>
Authority, Chap.
24, 43 Victorii.
)
25;n W^er'extlnsion bonds. \ Authority. Chap. 60, 1 Edward VII.
Securities are in denomination of $1,000, dated July 1, 1901.
Principal will maInterest will be payable semiannually.
ture July 1, 1926.
Hartington, Neb.— Bids Rejected.— All bids received Sepsewer and $20 000 water- works bonds.
tember 20 ft r tbe $5,800 5£ 10-20 year (optional) light bonds
Cheatham Connty, Tenn.— Bonds Voted.— This county has were rejected. The bonds, we are advised, will be offered at
voted to issue $50,000 4% 20 year bonds as a subscription to private sal9. For desciiption of securities see Chronicle
the Nashville & Clarksville Railroad. These bords will not Sept. 14, p. 577.
be issued until tbe railroad is built and in operation.
Irvington, N. Y.— Bids Rejected.— All bids received on SepChester, Howard County, Iowa.— Bond Offering.— Pro- tember 17 for th» $12,000 town hall bonds were rejected.
posals will be received until about Dec. 1, 1901, by C. H. MereHempstead, Nassau County, N. Y.— Bond Sale.— On Sept.
dith, City Clerk, for $3,000 4*5 20 year (optional) water works 17 tbe $50,000 gold coupon water bonds were awarded to Geo.
bonds. Securities were voted at the election held Sept. 16, ML. Hahn, New York, at par for 3K P er rents. For descrip1901.
tion of bonds see Chronicle Sept. 7, p. 519.
Skptembkr
THE CHRONICLE.
28, 1901.]
Hoboken. N. J.— Bids. — Following are thejjbids received
September 25 for the $196,000 %}',% 30-year refunding bond*
:
(»60,f00
John
Kyerltti
I>.
Co..
New York
<
6l'.nuO
(SlOi u
(
96.000
5100-77
UhO.i
Estabrooki Co.. New York
The bids were not aoted upon by the Council. For descrip
tion of bonds see Chronicle Sept. H, p. 577.
Kearny, Hudson County, N. J.—Bond Offering.— Proposals
will be received until 8 p. m. October 8, by W. J. Gorsuch,
Town Treasurer, for $150,000 4% street and sewer-improvement bonds. Securities are in denomination of $1,000, dated
Nov. 1. 1901. Interest will be payable eemi-annually at the
Essex County National Bank of Newark. Principal will mature $15,000 yearly on November 1 from 1902 to 1911, inclucertified cheok for $5 000, payable to W. J. Groreuch,
sive.
Town Treasurer, must accompany proposals.
A
Lansing, Allamakee Couuty, Iowa.— Bond Sale.— On
September 5 an issue of $5,000 4%% water-works bonds was
awarded to Chas. S. Kidder & Co., Chicago. Securities are
Interest will
in denomination of $500, dated Sept. 5, 1901.
be payable annually on Sept. 5 at the State Bank of Lansing.
Principal will mature $500 yearly on Sept. 5. from 1902 to
1907, inclusive, and $2,000 on Sept. 5, 1911, subject to call
5, 190S.
after Sept.
Limn, Ohio.— Bond Sale.-Ot the $23,496 67 V/A East MoKibben Street paving bonds offered for sale on Se'pteinber 23,
$19,000 have been awarded at private sate to the Commercial
Bank of Lima at par. For description of bonds see Chronicle Aug. 31, p. 460.
Lincoln, K. [.—Loan Authorized.—The Town Treasurer
has been authorized to borrow $10,000 to pay current expens*
s.
(>69
Moose Lake, Cailtou Couuty. M Inn. —Bond Offering.—
Proposals will be received uiUil 8 P M October 5, by the Village Council, Nils Bergvest, President, for |S,000 50 10 year
water works-improvement bonds. Securities were voted at
the election held Sept. 14, 1901. They are in denomination
,
of $2(0.
Authorized. — It is stated that
of $50,000 hospital bonds 1 ait been authorized.
Newmarket, N. H.— Bonds to be Issued. It is stated that
this town will issue $88,000 bonds for the purchase of the
water-works plant.
New Haven, Conn.— Bonds
an
ist-ne
—
Newport News, Va.— Bond Offering.— Proposals will be received until 12 M October 14, by W. L. Cooke, City Clerk,
for $100,000 4% 40-year coupon paving bonds authorized by
Chapter 116, Laws of 1899-1900, and $25,000 4% 40-year coupon refunding bonds, issued under Chapter 153. Laws of
1899-1900. Securities are in denomination of $500, and the
interest will be payable semi-annually at the office of the
City Treasurer. Both iesues were authorized at the election
certified check on some national bank
held Aug 15, 1901.
or on a bank having its place of business in Newport News,
for 5% of the amount of bonds bid for, must accompany pro,
A
posals.
North Bergen Township (N. J.) School District.— Bond
Sale.— On September 16 an issue of $14 000 5<S 2l^year (average) school bonds was awarded to the Provident Institution for Savings, Jersey City, at 114 07.
Oconee County (P. O. Watkiusville), Ga.— Bond Offering.
—Proposals will be received until 12 m,, Oct. 15, by Jno. C.
Johnson, Ordinary, for $8,500 4%% jail bonds. Securities
were authorized at the election held Aug. 7, 1901. They are
Interest will be payable semi-enin denomination of $500.
London, Ohio.— Bond Sale.— On September 20 the $2,000 nually, and the prinoipal will mature $4,000 Jan. 1, 1912,
G% el<-ctric-light bonds described in the Chronicle Sept. 7 and $4,500 Jan. 1, 1922. A certified check for $500 will be
were awarded to the Madison National Bank of London at 114. required with bids. These bonds were offered but not sold
Mr Kin ley County (P. O. Gallup), N. Mex.— Bond Issue.— on September 2.
This county has issued $35,000 5$ 20-year boDds to Bernalillo
Osbkosh, Wis.— Bond Sale.-It is eaid that the $50,000
County in payment of its portion of the indebtedcess of high school and the $75,000 20-year refunding bt no's menBernalillo County as it stood prior toMcKinley County being tioned in the Chronicle August 3 have teen sold to the Comsegregated.
mercial National Bank of Oshkosh.
McLean County (P. 0.) Ulooiuington, 111.— Bond OfferOtero Couuty, N. Mex. Bond Sale. On September 17 the
ng — Proposals will be received until 12 m., October 19, by $15,000 6% 10-20-year (optional) court-house bonds were
C. R. Ewins, Chairman Finance Committee of the Board of awarded to James G. Cahill of St. Louis at 105'02 and lithoSupervisors, for $136 COO 4% court house rebuilding coupon graphed bonds free of charge. Following are the bids
bonds. Securities are in denomination of $1,000, dated Nov. James G. Cahill. St. Louis. .*$15,763 00 Chas. H. Coffin. Chicago
$15.376 00
iLterest will be payable semi-annually. Principal Mac Donald. McCovACo„Chlc 16,762 00 Thompson. Tenney & Craw1, 1901.
V. Montague* Co. ,K. City 16,675 00
ford
Chicago
16.155 00
Co..
will mature yearly on Nov. I as follows: $26 000 in 1902, $26,- James K. Thorpe, Denver .. 15,433 00 S. A. Kean, Chicaao
15.130 50
000 in 1903, $26,0t0 in 1904, $28,000 in 1905 and $30,000 in 1906. Hellan- Price Inv. Co.Denver 16,376 75 W. Haves & Sons, Cleve.
15.000 0u
E. H. Rollins & Sons, Denver 14,710 00
Marlborongb, Mas?.— Loan Authorized.— The C.ty Treas* And lithographed bonds free of charge.
urer has been authorized to borrow $15,000 in anticipation ot
For description of bonds see Chronicle Sept. 7, p. 520.
the collection of taxes.
Paulding County, Ohio.— Bond Sale.— On September 6
Man-hall, Midi.— Bonds Voted.— At the election held August 29 to vote on the issuance of $63,000 water and electric- the five issues of 5% pike bonds, aggegating $164,000, were
For full delight plant bonds the result was in favor of the bonds by 192 awarded to the State Savings BaDk at 101*26.
scription of bonds see Chronicle Aug. 31, p. 461.
majority.
Pipestone Couuty (P. 0. Pipestone), Minn.— Bond OfferMassillou (Ohio) Union School District.— Bond Offering.
—Proposals will be received until 12 M., October 11, by the ing.— Proposals will be received until 2 p. m., October 11, by
Board of Education, David Johns, President, for $80,000 4% J. C. Marshall, County Auditor, for $20,000 5* 5-20 year (opschool-house bonds. Securities are issued under the author- tional) bonds. Securities are in denomination of $500, and
—
:
It.
i
I
.1.
.
.
l
ity of Section 3991, Revised Statutes tf Ohio, as amended
March 16, 1900, and were authorized at the election held
Sept. 7, 1901. They are in denomination of $1,000, dated
Sept. 1, 1901. Interest will be payable semi-annually and
the principal will mature $2,010 each six months from
March
1, 1903, to Sept. 1, 1922. inclusive.
Accrued interest is to be
paid by purchaser. Bidders are required to satisfy themselves as to the legality of the bonds before bidding.
certified check for b% of the amount of the bonds bid for must
accompany proposals. Wm. B. Humberger is Clerk of the
Board of Education.
Miami County (P. O. Troy) Ohio— Bond Offering— Proposals will be received until 12 m., October 5, by the County
Commissioners, for $25,000 5% ditch bonds, dated July 1, 1901,
as follows
A
:
|300 Ny.sewander ditch bonds, maturiDgllOO each six months from'date.
400 I.eia ditch bonds, maturing $100 each six mouths fr<
date.
800 Uailand ditch bonds, maturing $^00 ou Jan. I, 19i>2, Julv 1, 1902, and Jan.
), 1903, and tl<
on July 1, iwt3, and on Jan. 1, 1901.
1,300 1). M. Iloneyman ditch bonds, maturing $6(j0 Jan. 1, 1902. $400 Julyl,
1902, aaa »K>e July 1, 1903.
,8
oa, e ditcl} bonds, maturing $200 each six months from date.
i J2 £
S.OCOStatler
ditch bonds, mai urlng $400 on Jan. 1, 19u2, July 1, 1902, and on
Jan. 1, 19o3, and $300 each six months thereafter.
4, C00 Leady ditch bonds, due $5i0 each six months from Jan. 1, 1902, to July 1,
lt'03, and $400 each six months thereafter
8,200 Dillaway ditch bonds, maturing $400on Jan. 1 and July 1, 1902, and $300
each Btz months thereafter.
5,400 J.'hnsuii ditch bond?, maturing $6(0 each six;months from Jan. 1, 1902, to
'• ,9(:1 and $5u0 eacn s,x months thereafter.
*™ TI, ow" rtJ,
c h b "" d *- maturing MOueidi six months after date.
SE£\
S
900 Hill ditch b. nds. maturing $10u each six mi nths alter date.
500 Mielinbarger ditch bonds, maturing $2c0 Jan. J,- lb02, and $100 each six
months thereafter.
2,900 Prince citch bonds, maturing $200 Jan. 1, 1902,'and $300 each six months
therealter.
m
,
'
'
.
.
Either cash or a certified check for" $200 will be required
"
with bids.
Midland,
(Int.— Debenture Offering.— Proposals will be
received until 6 p. M., September 30, by D. L White Jr.,
Chiirman Finance Committee, for $60,000 4% water-works
debentures. Securities are dated Dec. 21, 1901, and will
mature part yearly lor forty years. Debentures are guarantee d by and endorsed by the County of Sincoe.
Mill School District, Los Angeles County, Cal.— Bond
Satt.—Oa Sept. 3 an issue of $2,500
1-5- year (serial) bonds
was awarded to Isaac Springer of Pasadena at 103. One
other bid was received for the bonds, that of the Oakland
Bank of Savings at 102-80. Secuiities aie in denomination
of $500.
H
the interest will be payable semi-annually at the office of the
County Treasurer. A certified cheok for $400, payable to
the County Commissioners, must accompany proposals.
Platte, S. Dak.— Bonos Defeated. At the election held
August 26 the question of issuing $6,000 water-works bonds
was voted upon and defeated.
Poughkeepsie, N. Y.— Bond Sale.—The City Council has
sold to Isaac W. Sherrill of Potjghkeepsie an issue of $250,000
3%£ refunding bonds at 100"75 and accrued interest. Securities are in denomination of $5,000, dated Sept. 15, 1901.
Principal will mature $5,000 yearly for 29 years and $105,000
—
in 30 j ears.
Provo, Utah. Bond Offering.— Proposals will be received
until 5 p. m,, October 11, by tre City Treasurer, for $100,000
4% 20-year refunding bonds. Securities are in denomination
of $1,000, dated Nov. 4, 1901. Interest will be payable semiannually.
certified check on some local bank for 5<? of the
amount of bid must accompany proposals. Jclin V. Buchi
A
City Recorder.
Purissiina School District, Santa Clara County, Cal.—
Bond Offering.— Proposals will be received until 10 a. m.,
October 8, by Geo. E. Rea, Chairman of the Board of SnperSecurivisors, for $2,500 3 7-year (serial) gold echcol bond?.
ties are in denomination of $500.
Interest will be payable
annually on January 1 at the office of the County Treasurer,
certified check for 10* of the bonds bid for, payable to
Henry A. Pfister, Clerk of the Board of Supervisors, mutt
is
A
accompany
proposals.
N. H.— Bond Sale.-Ot the $35,000 3*
20-year coupon bonds offered for sale on September 24, $5,000
were awarded to C. A. Pollard of Newfield at 101 and $1,000
The remaining
to John Smith of Portsmouth at 10010.
bonds were unsold. For description of bonds see Chronicle
Rockingham County,
Sept 14, r. 579.
Roswell, N. Mex.— Bonds Voted— On September 17 this
city voted to is&ue $35,000 sewer bonds.
Rutland, Vt .— Bond Sale.-On September 21 the $20,000
V/% % 30-year city hall bonds were awarded to the Rutland
Savings "Bank at 104-77— an interest basis of about 3'25*.
Following are the bids
:
10477
Rutland Savings Bank
N. W. Harris A Co.. New York. 10413
For description
of
Rlodg^t. M.-rritt & Co.. Huston. 10SS3
K. 11. llolllns & Sons, Bosu n... 103137
bonds see Chronicle Sept.
14, p. 579.
THE CHRONICLE.
690
awarded to tbe Spokane & Eaatern Tru*t Co., Spokane, at
For description of bonds see Chronicle, Aug. 10, p.
Sacramento, Cal.— Bond Election.— The question of leaning
bonds for water purposes will be determined at the next
municipal eleotion.
St. ( JalrsYlllf, Ohio.— Bonds Voted.— This village on September 7 voted to it-sue $5,500 bonds for the improvement of
101 11.
807.
Stamford, Conn.— Bond Offerin g.— Proposals will be received until 12 M., October|15,[by L.
Bitbop, City Treasurer, for $25,000 3%% 20-year redemption bonds. Securities
are in denomination of $1,000, dated Nov. 1, 1901. Interest
C
the electric-light plant.
St. Joseph, Wo.— Bid*.— Following are the bids received
September 12 for the $73,000 8%* 20 year judgment bonds
Tootle, Lemos A •».. St.
German American Bank, Ht.
,
:
will be payable semi-annually at the office of the City Treas-
|
Joseph
$73,18260
I
$73,100CO
Joseph
C—
payable semi annually a r tht- National Park Bank, New York
City. A certified check for $500 will be required with bids.
Sanford, Me.— Honds Refused.-N. W. Harris & Co., New
York, have refused to take tbe $25,000 S}4% 1-20-year (sena')
high-school bonds awarded to them on July 24. Tbis action,
we are advised, was taken upon the advice of the firm's attorneys, who claim that Chapter 651, Laws of 18b7, under
which the bonds were to be issued, does not authorize the
creation of a debt and the issuance of bonds to pay this debt
same time.
Sard is, Miss.— Bond Offering.— At a meeting of the
Board of Aldermen held September 13 the issuance of $15,000
5% 5 20-year (optional) water- works bonds was authoiized.
at the
Proposals for $12,000 of these bonds will be received until
October 1 by W. D. Wall, Town Clerk.
South Omaha, Neb.— Bond Offering.— Proposals will be
received until 5 r. M., September 30, by S. C. Shrigley, City
Clerk, for the following bonds
check for b% of the face value.of the bonds
most accompany
bid for
&
A
—
,
&
A
Bond
Sale.
5% general
sold.
— The City
Interest on the above bonds will be payable semi-annually
certified
at the State fiscal agency in New York City.
check for $1,000, payable to the City of South Omaha, must
accompany proposals.
Spokane County, Wash.— Bond Sale.— On September 17
the $183,000 4% 10 20-year (optional) refunding bonds were
A
Troy, Ohio.— Bond Sale.—It is stated that an issue of $80,4%% refunding park bonds has been sold to Seasongood
& Mayer. Cincinnati, at par.
Ulen, Clay Connty, Minn.— Bond Offering.— Proposals will
be received until 10 a. m.. October 21, by C. Paulson, Village
Clerk, for $4,000 4%t 10-15 year (optional) water bonds.
Securities are in denomination of $'i00, dated Nov. 1, 1901.
Interest will be payable annually on November 1 at the State
$25,000
BONDS:
CITY OF STAMFORD, CONN.,
WE OFFER
N.
1
1
m
A
L. C.
Office
BISHOP,
City Treasurer.
$'27,000 I'nion Traction
>
o. ol
31 NASSAU ST.,
CHICAGO.
Deal exclusively
Ind., 5s.
$7,000 Warren Water Co., 6s.
Belt Hailroatl Common "lock.
Fertilizer Co. Pref. mock.
IndlanapolU Fire Ins. Co. Stock. Price ISO.
Ind.Tltletiuar. <& Loan Co. Stock, "
03.
" 103.
Columbia National Bauk Stock,
" 104.
H. P. Wasson Pro!. -tocw,
Price and particulars upon application.
Rauh
WILD &
J. F.
CO.,
INDIANAPOLIS, IND.
Stamford National Bank,
Stamford, Conn.
INVESTMENTS.
W. HARRIS & CO.,
BAN KERB.
NEW YORK..
$41,000 Newton Cou.iy. Ind, 4}4».
$10,000 Ciiyot Washington. Ind., 4a.
$5,300 i'iiin»kl County, Ind.. Oh.
$ -JO. 000 Marion County. Ind., 3Hb.
3*20,000 llrcu ur County. Ind , 4^s.
$10,000 ""cm County Ind., 4^8.
I
Tbe nnderslcaed will receive sealed proposals
until 12 o'clock noon, Tuesday, October 15th, 1!M,
for the following loan:
$26,000 Reiit-mniian Sewerage Twenty year Bonds.
These bonds will be for t \ Oo each, dated November 1st, 1M01, bearine interest, at the rate of 3*4 per
cent per annum, payable semi-annually In May and
rincipai and >n>erest payable in gold
November.
at the office of bf City Treasurer.
Bids must provide for the payment of accrued
interest f n
uate of bond? to date of delivery.
certified che< k lor Ave per cent of the face
value of bunds bid for taunt be dep' sited by bidders.
The right Is reserved to reject any and all bids.
BOSTON.
In Municipal,
Railroad and other bonds adapted
for trnst funds and savings,
ItiHUE TRAVELERS' LETTER8 OF CREDIT
A VAILARLE IN ALL PARTS OF TEE WORLD.
Quotations furnished for purchase, sale or exchange.
8100,000
CITT OF BLOOMING TON, IND.
&. Heating Co.
Bonds.
Gas, Electric Light
5.%
Send for descriptive
October Investments,
$10,000
BOROUGH OF EDGEW00D,
ALLEGHKNY COUNTY, PENN..
SEWER AND STREET IMPROVE-
Trowbridge
dated September 1st, istiu. interest 4 per
T»e first bond maturt ajable setui annaullf.
ing September 1st. 102 ; >be t-econd, September 1st,
1st
and two each year thereafter.
The Borough Clerk will lornl-ri any further Information desired, »nd will receive proposals nntll
November 2d, 1M1. The right to reject any or all
bids
is
reserved.
Address.
IMERV, Borough Clerk,
dgewood Park P. O.,
K. F.
Allegheny
Blodget, Merritt
<.
Rudolph Kleybolte
1
MUNICIPAL and
&
Co.,
Netting from
R.
FULTON & CO.,
Municipal Bonds,
171
la salle street,
CHICAGO.
Co.
3%
to 6* always
DUKE M. FARSON &CO.
115 Dearborn
CITY.
on hand.
St.,
CHICAGO.
BANKERS,
Perry, Coffin
&
Burr,
CHICAGO,
Msnadnock Building,
MUNICIPAL
RAILROAD
CORPORATION
Congress Street, Boston.
STATE. CITY & RAILROAD BONDS.
NEW YORK
BONDS
MASON, LEWIS & CO.
onnty, Penn.
00 Devonshire
St.
INVESTMENT BONDS.
BONDS.
6o State Street,
Choice Issues.
13 Wall Street, New Y»rk.
F.
ST..
I
Send for our Investment Circulars.
BANKERS,
16
NASSAU
&
Natlonu Bank B'ld'c
CORPORATION
$1,000.
lb26,
Niver
CHICAGO,
4s,
Cleveland, Ohio, 4^8,
Gallia Connty, Ohio, 5s,
Indianapolis, Ind., 3*fls,
MENT BUNDS.
Nancatnck, Conn., 4s,
The Council of the Borough of Edgewood will New Britain, Conn., S^s,
receive eea'ed proposals for $10."00 Sewer and
Street Improvement Bonds, in denominations of State of Mont., (Normal School) 5s.
cent,
&
circular.
Co.,
Municipal and Corporation Bonds,
Butler Connty, Ohio, 4s,
Columbus, Ohio,
at
000
INVESTMENTS.
Redemption Sewerage Bonds.
Council has sold an issue of $9,500
improvement bonds to the State Savings Bank
100-50.
I
LOANS.
proposals.
official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Sussex County (P. O. Georgetown), Del.— B< ni Sale.— On
September 24 the $50,000 At, coupon noDds were awarded to
N. W. Harris
Co., New York, at 102 67 and accrued interest.
bi1 of par and accrued interest was also received
from the Penn Mutual Life Insurance Co. of Philadelphia.
For full description of bonds see Chronicle Sept. 14, p. 579.
Topeka, Kan. Bond Offtring. Proposals will be received
until 5 P. M October 7, by J. H. Squires. City Clerk, for
about $58,000 4% 30-year bonds, issued for tbe purpose of securing and paying for lands for additional terminal facilities
and thops foi the Atchison Topeka
Santa Fe Ry. Securities are in denomination of $1,000
Interest will be payable
January 1 and July 1 at the State fiscal agency in New York
City.
certified check for $1,000, payable to the City Treasurer, must accompany proposals. These latter bonds were
originally offered for sale on May 6, and again on June 24,
The
but were not
$85,341 16 4% 10- year special district paving, grading and sewer bonds, dated
Oat. 1, W)l
34,636 71 6% 10- jear refanding special improvement bonds, dated Oct. 1, 1901.
NEW
A certified
urer.
As
stated last week, the bonds were awarded at 100 25, the
succespfnl bidders being the first named above.
Bond Glaring —Proposals will be re
Salisbury, N.
ceived for twenty days from September 10 by A. H. Boyden,
Mayor, for $76,000 5<r 30-year conpon bonds. Secuntiea are
in denomination of $1,000, dated Oct. 1, 1901. In'erestwill be
[Vol. LXXIII.
Street
Railway and Gas Companies.
LIST ON APPLICATION.
BOSTON.
&
MUNICIPAL BONDS.
Seasongood
S.
W,
Mayer,
Corner Third and Walnut Streets,
CINCINNATI, OHIO.
E. C.
MUNICIPAL BONDS.
HUrh-Grade
City,
County,
Town and
School Bonds
issued In leading prosperous States of the Onion,
especially adapted (or safe and permanent Investment for Estates and Trust Funds.
121
STANWOOD &
Co..
BANKERS.
Devonshire Street
BOSTON.
SEPTEMBER
THE CHHONIOLF.
28, 1901.]
BlaDk bonds are to be furnieh-d by the aucA certified cbrck or a certificate of depoBit
without conditions must accompany proposals.
Walla Wwlla County (Wa»n.) S< bo..l District No. 1.—
Bank
of Ulen.
oeeafnl bidder.
Septt- in ber 21 the $2!),000 10-year reloading
bonds were awarded to N. W. EUrris & Co Chicago, at
100-128 for 4 per cents, Following are the bids
Bond Sale.- On
,
:
Hit Bond* (Oont.)
For i% Bon**.
N. W. Han-la A Co.. Cbicairo..»26.038 00 Thompson, Tenner ft Cr*w»8B.8"8 60
foro roTObioaico
fnr 4Ht li ml*
T.C. Blliott. Will a Walla.... 85,166 00
Spokane & Eastern Tr. Co.,
a, 6i Bona*.
1!5.606C0
Spukuue
MiiimiiiK & Walker. Tacoma. K5.360 00 Farson. Leach ft Co., Chic... 25,000 00
For
I
I
Warren, Ohio.— Bond Offering —Proposals will be received
until 12 M.. October 10, by C. M. Wilkins, City Clerk pro
Securities are
tern., for $3,500 4% street-improvement bonds.
issued under the authority ot Section 2705, Revised Sta'ntes
of Ohio. They are in denomination of $500. Interest will be
payable annually on March 1 and September 1 at the fficeof
the City Treasurer. Principal will mature yearly on Sept. 1,
in 1905 and in 1»07.
$600 in 1903, in 1904 and in 1906. $10
Washington.— Bond Sale.-Thw State has issued $45 000
091
Miutliiop School District, Slmnta County, t'al. — Bond
— Proposals will be n-c* iv«-d until VI u St-[, timber
80, by L. M. Dennis, County Treasurer, for $2,400 »»* 1-10Securities were v< tf-d at the
year (serial) school bonds.
election held Aug. 27. 1901. Tbey are in denomination of
Interest will be pat able annually
$840, dated Sept. 7. 1901.
on September 7 at the office of the County Treasur er. Either
cash or a certified check for 10^ of the amount of bid must
Offering.
.
accompany
proposals.
Xenlu, Ohio. — Bond* Authorized.— The issuance of $89,000
sewer bonds has been authorized.
Yoongstown, Ohio.— Bond Offering.— Proposals will be received until 2 p. m., Oct. 14, by Wm. I. Davies. City Clerk,
for the following 5t bonds, bearing date Oct. 14, 1901
:
Street (Trading bonds, maturing one bond of $140 on Oct.
9700 6* Quarry
from 19"S to
650
I'carl
Off
1
1
1U07, Inclusive.
Street guttering bonds, maturing one bond of $130 on Oct. 1
1»03 to 1007. Inclusive.
.mii
<
bonds which have been taken by the State Permanei t School
Fund. These bonds bear 3*4% interest, and a total of $1,050,000 has been so isBUt-d up to date,
Waterville( Kan.) School District.— Bonds Voted.— At an
election held recently tbis district voted in favor of issuing
bonds for sc ool purposes.
roves ( Mo.) School District.— Bond Election.—
An election will be held October 1 to vote on the question of
issuing $15,000 pchool-house bonds.
West Bay City, Mich.— Bonds Proposed.— Mayor Peter
Lind, in a recent message to the Aldermen, recommends the
issuance of $25,000 bonds for water purposes.
Wichita, Kan.— B >nds Voted.—Tnis city on September 17
voted to issue $50,0' i0 park bonds.
Bond Sale.— On September 28 the $25,000 5*
Wilson, N.
30-year street- paving bonds were awarded to F. M. Stafford
& Co., Chattanooga, at 106*30 an interest basis of about
Following are the bids
4*6l£.
New 1st Nat. B'k. Columbus- .104*6
F. If. Stafford 4 Co.. Chatta'ga.l06'W
Interest on all the above bonds will be payable semiannually at the office of the City Treasurer. Purchasers
mnst be prepared to take the bonds not later tban Octor>r 21, the money to be delivered at one of the city banks
or at ihe office of the City Treasurer. A certified check
for 2% of the amount of bonds bid for must accompany propoBids must be made separately for each issue.
sals.
Bond Sale. - Following are the bids received September 23
for the various issues of bonds
:
Webster
C—
—
:
Feeler,
Holzman
ft
Co.. Clnuln
For description
Seasongood
10619
of bonds see
ft
Mayer, Cincin.
Chronicle Aug.
104-82
31, p. 463.
Boa dmnn
Lam pretht
'0 bonds were awarded to Denison, Prior & Co.
and the other two issues to R. McCurdv.
Bonds Awarded.—The $2,800 Chap-1 Place, the $2,410 Basin
Street and the $2,900 Champion Street paving bonds, bids for
which were received on September 16, were awarded on
September 23 to Denison, Prior & Co.. Cleveland. For full
of bids see Chronicle last week.
Ypsllaoti, Mich.— Bonds Voted.— This city on Septembers
voted to issu9 $12 000 1-12-year (serial) bonds to secure the
location in this place of several industrial companies.
list
INVESTMENTS.
SEND FOR LI8T
Coruoration
Service
Public
BONDS.
ROLLINS & SONS
E. H.
BOSTON.
Grade
8END FOR
8
MacDonald, McCov
&
Co.,
CHICAGO,
•
Investment Securities
BONDS A SPECIALTY.
NBW
rORK.
PHILA..
-
JONES &
CO.,
NA88AD STREET.
112 SO. FOURTH ST.
ATTRACTIVE BONOS
Yielding from 3 to 6% net.
and
Netting the investor
6
per cent interest.
TO
*%%%
6*. Each of the securities has been personally ex
amlned by one of our salaried examiners.
CORRESPONDENCE SOLICITED.
Write for our latest offering.
C. H.
WHITE &
-
CO.,
WINNE & WINNE,
New York.
Winne
Building,
AOENT8 FOR THE
Ltd.,
Chariny Croat, London.
CLINTON GILBERT,
2 Wail Street,
New
CO.
Wichita, Kansas.
Mention thi* paver.
ANGLO-AMERICAN BANK,
VERMONT BONDS A SPECIALTY. BANK AND TRUST
HARRY B. POWELL
CO.,
York.
STOCKS
Hand-Book of RR. Securities
Price In Leather Covert,
To Subscribers
ot the
WILLIAM
B.
<fc
Woodstock. Vermont.
2>a to 5 times
the amount loaned thereon,
1
.
CHOICE OKLAHOMA
FIRST MORTGAGES
on Improved farms, worth from
CORPORATION
BONDS
SAVINGS RANKS and TRUST FUNDS 71 Broadway,
C.
ILLS.
.
MUNICIPAL
RAILROAD
OFFER,
SUBJECT TO PRIOR SALE
BANKERS.
Koa
EDW.
•
TO NET FROM
La Salle S treet. Chica go
CO.,
NEW YORK.
WE
BUNUb,
LIST ON APPLICATION.
AND CORPORATION
BONDS.
5*
FARSON LEACH &
CHICAGO.
172 Washington Street,
191 Euclid Avenue, Cleveland.
171
MUNICIPAL, RAILROAD AND CORPORATION
BONDS.
San Francisco.
Denver.
CORPORATION
Exchange Place, Boston.
MUNICIPAL
September Investments.
T. B. POTTER,
Bonds, MUNICIPAL and DA u nc
LISTS.
1
MUNICIPAL
CHICAGO.
High
Bond*.
$1,64860
1,666 86
1,600 00
00
1,0 8 86
1,850 00
1
Bros. Co., Cleveland
AMD
DEALERS IN
$l,0«»-
12.44 26
18,319 20
$1,600
Marion Ave.
Tbe $12
INVESTMENT SECURITIES.
DENISON, PRIOR & CO.
$l2,8i3 00
DenUon, Prior ft Co.. Cleveland
K McCurdy, Youngstown
INVESTMENTS.
N. T. Office. 1442 Broad-Exchange Bid*.
H. Wood and
Ave. Bond*.
St.
Bonds.
INVESTMENTS.
Geo. D. Cook Company,
238-240 La Salle Street,
$l,R0O
$12,000
INVESTMENT SECURITIES.
76}£
1
-
-
Si 00
-
liroulcle,
-
73
DANA COMPANY
FINE
ST., N. Y.
THE CHRONICLE.
G92
Bankers
aufl JBrokers ®ttt ot
CHICAGO.
CHICAGO.
&
Bartlett, Frazier
&
Schwartz, Dupee
Co.,
Board of Trade A
12 The Rookery:*}
A
10 Wall Street, 4c
Astor Court,
NO.
CHICAGO.
%txa ^ork.
MILWAUKEE.
Co.,
STOCKS AND BONDS,
GBAIN AND PROVISIONS.
Stocks, Bonds, Grain,
2
[Vol. LXXIII.
7
NEW STREET,
DEALERS
Municipal,
NEW YORK.
)
210 Merchants' Exchange, HT. LOUIS.
Corporation
BONDS.
new york stock exchange,
chicago stock exchange,
chicago board of trade.
IN
and
Railroad
members:
|
Co.
INVESTMENT BANKERS.
NEW YORK.
Chicago and Milwaukee.
&
Oliver C. Fuller
106108 Grand
Avenue, Milwaukee.
PRIVATE WIRES.
EDWIN L. LOBDELL,
CHICAGO, ILL..
CHICAGO STOCK EXCHANGE.
BOARD OF TRADE.
CHICAGO,
B.
Smith
&
Co.,
BANKERS,
The Bourse, 9th
83 Cedar
Broadway, New York.
Members New York and
E.
W.
Phlla- Stock Exchanges.
&
Clark
Co.,
BANKERS AND BROKERS,
No. 139 South Fourth
PHILADELPHIA.
Sproul & Co.,
PITTSBURG, PA.
Henry
NEW YORK
Transact a genera) banking business. Allow In
terest on deposits.
Members of the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
York.
G. Hopper
&
Co.,
Investments receive our special attention. Information cheerfully furnished regarding present
holding's or proposed Investments.
Oldest Pittsburg
Members N. Y. Stock Bxohange.
Francis,Bro.
EAST MAIN STREET,
WYNDHAM
Stephenson,
Securities.
BOLLING,
&
on com-
mission looal
Co.,
214 H. Fourth
BANKER AND BROKER,
RICHMOND, VIRGINIA.
securities,
also listed
and unlisted
St.
Members New York,
Virginia-Carolina Chemical Co. stock.
.
St.
Louis and Chicago
Stock Exchanges.
1860.
WIRES.
Street,
ST. LOUIS.
Co.,
BANKERS,
310 East Baltimore
Street, Baltimore.
Investment and Miscellaneous Securities a specialty, and whole issues handled.
facilities for
dealings In
Loans on
all
Collateral
B. Hoblitzell
classes ot
Securities
&
Co.,
BANKERS AND BROKERS.
BALTIMORE, MARYLAND.
SOUTHERN.
Mottu, de Witt
&
Co.,
Bankers and Broxers,
SOUTHERN INVESTMENTS.
BOND AND STOCK RROKERS,
800 North Fourth
&
Members of Baltimore Stock Exchange.
PRIVATE
to
ESTABLISHED
1867.
NORFOLK, VA.
Davenport & Co.,
Whitaker & Company,
BANKERS AND BROKERS,
Successors
WHITAKER
cV HODGMAN,
RICHMOND, VIRGINIA.
Correspondence solicited and Information fur
nlshed about Southern State, Municipal and Ral!
road Investment Securities.
Reference— Bank of New York, N. B. A.
Wilson, Colston
"
>%%££
ST. LOUIS.
Southern Securities,
Virginia Bonds,
Reference— Mechanics' National Bank, New Tor
Buy and
sell
VA.
Established 1802.
Seaboard Air Line Securities,
Southern Securities a Specialty.
201 East German Street,
ST. LOUIS.
Lucke,
Investment
1871.
INVESTMENTS.
Bankers and Brokers,
in
RANKERS,
E.. GERMAN STREET,
William Wilson & Sons,
Wilson, Colston & Co.,
8BNKRAL BANKING, COLLECTIONS,
RICHMOND.
Dealers
BAKER,WATTS&CO
T. Mellon & Sons' Bank, negotiated.
Charles
PITTSBURG, PA.
Philadelphia Stock Exchange,
Okie.
St.. Cincinnati.
BALTIMORE.
Southern Bonds.
PHILADELPHIA.
RICHMOND,
3* Ratt Third
Exceptional
BANKERS AND BROKERS,
104 SOUTH FOURTH STREET,
1107
&
In
of Philadelphia.
ESTABLISHED
Whitney
Brokers and Dealers
Co.,
Members Baltimore Stock kichasoi
York, N. B. A.
Bank
BANKER8 AND BROKERS.
No. 200 FOURTH AVENUE.
John H. McQuillen &Co
&
New
&
[rwin, Ballmann
BALTIMORE, MD.
Dealers in Investment Securities
PITTSBURG, PA
8TOCK AND BOND BROKER8,
Lancaster
of
First National
AND OHIO
CINCINNATI
205
CORRESPONDENTS
Bank
Co.,
Members Cincinnati and New York Stock Exchanges.
BROKERS AND DEALERS IN ALL
Sons,
PITTSBURG, PA.
88 South Third Street, Philadelphia.
Members
&
BANKERS,
W. G. Hopper
H. 8. Hopper,
Members of Philadelphia Stock Exchange.
Wm.
)
N. Holmes
&
Cincinnati Bonds and Stocks.
PHILADELPHIA I
Stock
CHICAGO
f* Exchanges.
PITTSBURG
)
AND
CHICAGO BOARD OF TRADE.
St.,
Hutton
E.
CINCINNATI, OHIO.
SECURITIES.
MEMBERS
Street Philadelphia.
Street, eor.
W.
PITT8BURG.
PHILADELPHIA.
Edward
SALLE STREET.
ILL..
(New York Stock Exchange,
ii ._,,__« <J Chicago Stock Exchange,
member.
New -f ork Cotton Exchange and
(.Chicago Board of Trade.
MEMBER NEW YOKE STOCK EXCHANGE.
"
115-117 LA
CINCINNATI.
Co.,
BANKERS AMD BROKERS.
Stocks and Bonds,
"The Rookery,"
&
A. O. Slaughter
John W.
Dickey,
BROKER.
AUGUSTA, GA.
SOUTHERN SECURITIES.
AMERICAN CHICLE.
Broad
J. S.
STANTON,
b*
St.
@FedFRASER