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financial
flmntf
[
rontrlf
Entered according to Act of Congress, In the year 1901, by the William B. Dara Oomp awt, In the
\
SATURDAY, SM1TKMHER
<)L. 73.
CLEARINGS—FOR AUGUST
ALSO S1NCH JANUARY
1
AND
1901
1901
AND
1900.
7,
the Librarian of Congress.
office of
NO. 1889.
1901.
CLEARINGS— WEEX ENDING AUG.
ALSO 8AME WEEK
1900.
Week endtrw 3uhimI
P.Ct
1900.
1901.
OUaritiQi
Bight Month).
AuijuH.
1901.
449, 741, 333
Philadelphia.
Piltsbiu-
+54-3 56.746.133,290 13,350,373.598 +87-6
(-31-8 9.672,739,833 8,0(17,013 631 (-18-6
rllv 1,405,896,72- 1.078.439,43 1 1+80-3
(-160
814.880.25H
721,291,777+13-6
198,0 il.HIO
+180
168,9117,153 +17-3
3.1 91.38 •'.Sir
4
148,318,471
340.354.151
181.lH4.217
Baltlmore
f-rt.lw0.78d
73,i>2l,4ie
Butlulo
85.(J23,961
8l.3B4.3N
Washington.
Allmny
8.035,709
14,121,712
8.003,381
4,e?e.es3
6,338.231
4,171,U91
1.863,300
1.188,285
8,639,61* 4-3-3
11.0i9,65» +47-H
7.0J4.062 4-14*3
4.011.674 (-15)1
4,490,09 + 16 2
Rochester...
Syracuse
Sot nton ...
mgton.
Bln^'li
Chester
Frederick
Greeusburg..
Total Middl
Boston
881507
1,598,877
79,9(11,25'
40.808.489
46.042 974
32,809,288
11,119,400
10,572.558
5.141.994
12,982 89
Hi
26.H07.eOO
0.648,956
e.346,594'
6.701,430
..
1
2 i, 05.000
!
8.695.H50 +9*8
5.978.170 +6-2
+9'7
6,1.16.03
+ 83-1
6.377,8-11
8.107,840
2.408,172
1.739,863
1,294.813
815.450,401
4rf6,i/77.4.6
+10-2
12,197,1 5
4-241 "6,479.045,670 4,676.3ol.6»2
818,141.381
73,7*8.500
65.818,142
62.8-2.588
632,624,9.5
f 161
Lowell
New Bedford
Holyoke
En*.'
Cincinnati
Detroit
Cleveland
Milwaukee....
Indiana polls
Peoria
Toledo
Bvansvllle
4.086,3(18
Youngstnwn
Quincy
Bloomlngton.
Jackson, Mich
2,009,895
2,271,9
1.935.731
2,501,000
1,764,900
1.378.843
1,246.985
1,400.000
795,687
1,065.056
1,185.137
871.581
Tot.M.West
484,819,189
Bpringfleld.lll.
Lexington.
Akron
Kalamazoo
Rockford..
Springfield.
Canton
Jacksonvllle.il
.
San Francisco.
SaJt Lake City.
102.012.2S3
14.41H.346
9,401,060
11.720.322
13,033,544
4.778.854
4,094,792
2.H15.047
1.804.388
811,528
Portland
Angeles...
Seattle
I .os
Spokane
Tacoma
Helena
Fargo
Sioux Falls...
Total Pacific
166621.386
80.031,293
47,751.825
27,19i,488
19.180.676
19,407,818
City...
Minneapolis...
Omaha
Paul
Denver
Joseph
23.7i'8,4il
Des Moines
Topeka
6,689,7H2
4,738,01 J
4.640.36 1
5.203.342
Wichita.
2,-i97,3'23
Fremont
767.675
210,586,021
Davenport,...
Sioux City...
Louis
174,774,427
84.779,4 16
84.6H6.619
13.481 000
18.637,545
New
Orleans..
Louisville
Galveston
Houston
Savannah
Richmond
9,701/81
13.818,140
8,572,042
6,023,41 >
Memphis
Atlanta
Nashville
6,8u(l,000
Norfolk
6,857,177
8,166.370
2.819.383
5.494,241
3,800,000
2,344,000
2,605.174
1,856.130
1.3c0,000
Augusta
Knoxvllle
Fort Worth...
Birmingham..
Macon..
Little Rock..
Chattanooga..
Jacksonville..
Total South
347,860,583
Total all ...
7,989,017 >0
Outside N. Y. 3.066.538,981
Montreal
Toronto
John
Victoria
.
1
12,893,694 +82-0
8,871,706 t-12-4
1*
11.711.473
+
4.985,4.13 +17-1
4,059.806 1-18 9
3,7S0.1»8 +8*2
1.258/03 +59-6
1,142,1 UT +23-8
1.781,013 +9 4
1,862,660 +34-8
1,732,783 +1-3
I.OSi.ll'
(-83-1
—
1,248,727
o-i
1,118,259 (-29-3
617,4(18 +28-8
819512 +300
779.867 4-45-7
434,880
+54 6
788.557 255
87.919,682
8.669,900
7,874,168
9.461.609
+98-3
4
+
+
+ 14
+ 17-1
+14-9
+66*6
752.401.131
116,' 59,706
1-19-4
71,118.609
+23-9
108,888,94.
H.404,658 +11M
84,6,9,982
4,'<Ol,tfl7 1-13 7
85,189,510
+2*6
4,177,31
37,73H,668
2,916,56
-o-i
23,19«,007
1.046.636 +21-7
10.8^0,78
512.316 +41_6
6,931,959
188,454.334 +19-6 1,341,036"853
71,738,63b + 11-6
43,198,484 -1-13 2
28,176,769 4-3-9
18,801. 22 +-1-8
19,149,013 4-I-3!
17,181,831 +82-2
6,175.556 4-36-H
8,976,9
+ 19-J!
4,181,701 t-iro
3,383.181 +692
1
1
1
2.240.9 49 +9-e
635.911 +43-3
214,187.200
+ 19-7
+
'1*5
6,016.164,140 4,498,280.148
658,217,850
532,579,400 +31-9
353.470,247
295,073,062 +21-0
468,635,189
874,898,324 +25-0
209,410,875
197.037,227 +6-8
216.164.i00
177,978,400 +20-9
129,376,982
103,249,353 +23-9
78,338,883
67,206.559 +16-5
7ti.3H6.912
75,618,827 +3 8
46, 441.16)
41,953.3(0 +16-7
40,H2,335
«-3
88,807,003
33,5)1,608
31,951,343 -4*1
14 809,236
11.673.011 +23 9
17,6 '4,130
16,605,7o2 -U-8
17,475,838
16,148,596 --154
19,466,800
15,38:'. 290 +26-5
14.3ol.l08
18,723,850 +4 3
13-1
11,789,228
10,515.415
10,810,977
10,337, 4V2 +4-6
11,648,263
9,381,268 +24-1
6,725 098
5,052.576 + I33
9,890,814
8,0 '2,398 +23-6
9.U65 008
7,296 033 +-245.011.236
4,491. "30 +123
+18-5 7,473,775,708 6,55o. 083.633
+ 13-3
,
655,091.704
71,118,377
65.393,851
78,820.402
83.900,371
36,851,67'
83,4^6,498
20,238.371
+8-8
+3.1-5
+2
1
—1-6
+14-8
+-14
7
+4-4
4 9 8,2-4 +38-7
10,430,0<41
1,062,339,903
+ 16-8
600,360,270
336,589,621
815,957,938
16w.868.713
119.741,854
155,611,301
51,089,018
34,040,831
42,244,879
36,791,633
18,255,529
5,168,138
476.547,532
362,332.509
208,227, 159
166,635.591
143,761,929
143,477,472
49,072,317
30,2 41,5)1
37.861,643
28,856,272
17,331,6)5
4/717.088
+21-1
-1-5
+3-7
1,708.616.881
1,641.417.235
+13*1
+51-3
+6
8
+9-3
+9^J
+
.
+
I
475.801.168 +21-1
831,61),70' +21-8
67.961.85- +0 1
60.187. 13H +13 5
677,143,561
403,8U,86i
68,026/41
57,960,791
87,874,350
26.H9.14i
>-4-8
29,4-4.1.
24.039.592
+K>0
4,391,649, +2-1
»1.210,47V
29,7^1,661
•31.827.772
29,210,-i.n
124.998,834!+2a-3
12.1.772,654
icnri,,,, by
—05
.2-0
l,025,7»8.O46 +IB-1
Telegrupb ou page 476
Washington
\loany
H3i
1,689 9H2
900,378
8.65-
Itoohester
-yracuse
-oranton
VUmlugton
1.180,103
759.8 ,3
Alnubaniton
27,1,900
hester
<4reensburg
284 734
850,000
v
wi'.lng
.
19»9.
1.277 984.168
:
lioston
I'rovldenee
106.154.316
0.737,9 10
2.O04.801
1.877.258
1.028.750
1,361.695
1,261.851
541,618
Hartford
New Haven
8prlngfleld
Worcester
Cortland
Kail River
Lowell
435.7.-*
New Bedford
356,819
273,361
Hoivoke
Total
New
Eng..
Chicago
Clnolnnatl
Detroit
Cleveland
Milwaukee
Colnmbui
,
Indianapolis
Peoria
Toledo
Voungstown
111
Lexington
Akron
Kalamasoo
Rockford
Springfield, Ohio...
Canton
111....
Tot. Mid. West'n.
San Franolsoo
Salt
Lake City
Portland
Los Angeles
Seattle
Spokane
Tacoma.
Helena
Kargo
Sioux Kails
Total Paolfio
liH-.
Minneapolis
Omaha
61I.8I6
462.925
452,610
831,762
6'6,70C
380,104
293 630
229.838
884.881
171,193
229,303
233.199
181,835
49.179
Denver
Joseph
Des Moines
Davenport.
Sioux City
1,043.890
1.812,685
646.411
Topeka
Wichita
Kremont,
Colorado Springs..
Tot. other West.
St. Louis
Galveston
1.886.1 (1'
Nashville
Norfolk
1,400 0C0
1.098 815
681.4 6
639 477
1,876.98:
780.000
3-5.000
454 13"
Worth
Birmingham
Kurt
Macon
Little Rock
Chattanooga
Jacksonville
Total Southern..
Total all...
Outside N. York.
Montreal
Toronto
Winnipeg
Halifax
Hamilton.
St.
John
Victoria
Vancouver
(Juebeo
Total rsrmdi
,
06.197.285
8,856 100
2 251 168
927 827
4H2001
606 442
693..-71
378,319
243.554
233,777
468.694
292.10,
593 901
169.731
1.910.164
1,767,760
1,021.883
865.481
3.0 000
189039,310
+2^1
11386-).89l
11.885.100
1
6924.399
10.137.6»8
4.774 20tf
4,366 603
2.563.147
1,647,430
8.787 7 8
096.775
5.028.7661
4,627,4001
2.641951
1 710 089
8.857 048
975.0.0
816 411
682 6641
847.738
355.267
833.253
408.300
330.0i0
229 141
214,8*2
268.144
140,018
1.713 866
1,296 006
1,403,689
1,374,855
103 851 8U2
07.057.028
11.121.700
6,107,211
8,440 187
4 384.793
8,261.500
2.414 932
1.544978
1.885 276
776.642
649.196
537,308
217 308
360 000
600,863
241.900
259 031
138 178
195 638
176.170
8U.817
692,262
245.134
391.215
871.188
814,600
8iS0l0
IH7.241
290,901
237.811
120,803
207,421)
168 855.315
20.012 538
8 691,584
140 807.777
17.603 884
1,688 627
1,711.916
1,530,282
1.316.638
1,183.811
1.218 797
1 559.53i<
247.689
89 649
881.800
701.403
500.514
128 688
82 686
89.652 131
13,391.849
8 8H9,32i
23 283 831
10 335.494
7.757 234
5618913
6.191.488
8.769 590
8 670.372
8.000 000
1,416.692
C81.771
498,587
80.666.897
15 171,181
9 671.986
6.100 648
8.631.482
8.788 295
3 387 831
8 676 109
8.66.3 77
8.101.293
998 748
853,587
837.468
679.903
339.156
1.053.541
891.171
1.029 683
505 266
608 180
110,88e
1,096,1 17
806.190
851.306
037.032
631381
48 766 107
Atlanta
Knoxvllle
951,193049
121.984.393
6 361.800
2 24 'HI.
2,698 661,098.122
906,900
1.290.607
52 853.739
87 865 5H
1/18,268
Augusta
al.
al.
,076,119.302
131.428
3.833.000
5 040 281
1 B73.467
8.827 022
Houston
Savannah
Richmond
Memphis
7,5 033
802 299
(.02 086
878 800
283.700
250,000
731.1*8 414
81.243,593
4.2 6 oOO
Not Include
7,609.176
1.601,943
888 196
t85 810
708 0*0
700.860
800.700
25.3 996
250,000
392
7 148 081
838.061.780
69 750.009
18 i58 767
16 891 789
3.307 820
1,698 731
1/79 W>8
615
190212
(-55
New Orleans
Louisville
992 36:i
1839.4-3
217.888
100,000
Not Includ e
803 106 385
165,671.308
20.381 685
81.108,826
8 9I4 7H
1 803.754.
1 576 852
2,035.131
2 845 466
1,723 398
2 721.133
2616.897
S38,MT0
8H6 636
866,643
944 793
581.521
681,333
280 362
295,907
140.056
111,471
6 818 113
3 017 558
8 6H8.780
4569.038
1,372 795
960.788
Paul
1-56
158 273
s.07 72J
414.8 2
80" W*l
1.W9-1/43
93.868.317
86 034 690
17374,422
11.626 090
Kansas City
.,031
112 763.093!
12.311, 850
6 029.299
10 793 2071
073690
Quincy
Bloom ington.
Jackson
Ann Arbor
1
23.529 166
16.178 394
8,037.979
1 478.048
1,999,643
1.408 881
720.537
140,089 034
16.505.650
10 224,568
12.695,778
5 034,130
6,410.600
8 207.181
1.989.739
1.266 002
Hvansvllle
Jacksonville,
11.1,3
120.627,726
2 0(6 640
Grand Rapids
Dayton
Springfield,
933
8H
25
20
8
669,7! 7,451
481151 Not Include
713,729 Not include
W. Va..
Wilkes Barre
ulal Middle
St.
rt
5.472 86..
I.74B,H84
Buffalo
+10-1
-
80 21H 6H2
20 138.917
18 657 590
Baltimore
St.
+li
,125 838.408
.•hiladeiphla
I'lttsburg
--2-1
--1-8
--9-2
131,383,971 4- 33-0 1,462,820.060 1,083,391,6)1 +350
28.301.801 +239
18-1
871,3^3,288
319,753/8.:
80.242,670 + 44"7i
309,439,50i!
287,195, 86 +7-6
10,134,600 +335
116,642,600
09,69^,500 + 170
64*6
10,174.724
129.197,633
101.871,3-0 +2 .'8
18,172,195 -261
109,68i,77i
137,769.623 -204
13,070,92- +5-9
lh4,88»,858
117.110,715 + 149
6,711,267 +29-4
99,593,091
88,419 118 + 15 8
5,861/8 1-29 *
66,827,919
57,547.401 + 15-2
4.876,611 +29-2
51,122,11)
47,198,893 +8-9
6,553.318
-8-4
-b-6
47,450,917
61,828.381
8,060.983 +3-6
89,904,769
84,228.271 + 1611
2,875.513 (-13-1
21,275.923
18,-65. .75 +-140
8.683.H6 +1H-2
47,443,329
31,357,92' +61 5
12*9
3.190,212
30/29.867
88,888,011
2,232,000 +6-0
21,566,000
20/51.000 +4-4
1,888,187 +328
20.418,79.
16.01)8,3-4 +2 1" 9
1/64.166 +11 5
15,104,922
18.456,882 +133
851,186 j-68*r
10,607,91
8,764.813 +189
277,81-8.982 +26-2 8,108,698,038 8,658,880,881 +21 3
5,707,829,763 + 3-9 81,8.8,836,074 56,116 152.384 +47
2.523,011.317 t-ai'l 5,826,692.784 41.666. I78.7i0 + 1.-0
163,917,100
.
l&~ Table
+21*5
89.119.997+41-6
68.229,720 + 28 2
37,075.192 +32 8
8.178 036' +14-1
7,162,9 j7 +17-8
8,035,2 '3 +4-8
4,062,892 -4-13
2,876,758 -16-1
.....
Vancouver...
Tot. Canada..
cll-7
71,723,933
49,258,383
9,321,785
8,121,843
8,119.885
4,103,401
2,141,305
4,498,435
Winnipeg..
Halifax. ...;
Hamilton,..
St.
I-227I
+ li'7
49,67 1.901 1-25 5
23,857,431 -t-S-7
21. '05.000 -<s5"0
11,878,290
5,895, «32
4.821,331
Grand Rapids
Dayton
+23-0
8... 726,700!
25.98kl.694
27,13 l.XJO
11.017,lfc8|
9,7*7 167
Columbus
St.
-5-1
—4*8
213,165,700 +7-8
86,806,813 4-59
50,648,830 +6-6
11,111.117 +99
44.lo3.tH3 +17-8
36.(01,351 +20-2
26,050.253 + 16
18.106,301 +9-9
14.347.089 + 7-.1
10,690.21? + 1.3-9
228,764,200
91,481,30c
53,462,936
48,83 .',8 10
50,793.590
43,395,856
27,376,766
19.89i,2I0
14,475 508
Portland
8,807,877!
Tol. oth'rW.
+ 1-4
(-60 8
+21-2
Fall River....
St.
+ 17-6
4,3 '6.3H3 +17-8
12
4,178.236
4,401,564
2.583.7W0
2.033.2H4
1,357,974
1.174.881
St.
+5"2
i.e.si.Dao.04* 3,79;, 156.68- r4H-8()2.277,6i2,465 38,721,241,318
433.398.59i 4-25-6 4,887 510,712 1.032,61)4,103
547,417.558
Worcester
Kansas
3
+12 9
+129
4-1*9
Providence...
Total N.
Chicago
+8
88,155,118
92,817.1 '~,
70,808,856
38.359.731
38,315,156
32,370,2 )<
13,828.200
11,013.264
10i,839.4'8
091.2-'.(
Hartford
New Haven...
Springfield.
3,v98,42i
+4 - 5!
1,6 2,70 -16*6
1,239.984 -4*1
601,<'24 +825
1,189,69- +339
96,459.3491
1001.
1800
\P.Ct.
New York
New Tork
81
<
1901.
1900.
SI 1901.
1900, 1899, 1898.
41 741
88,271
6 153
7.610
8,800
3 50"
2 447
.3 992
86.872,084
6,047 593
6.692 63
(
2 800 000
8,000.0.
2,v 27.943!
176
319
972
885
800
359
X0i
89.376
87,483 309
21,031.384
4 8 6 301
6. 10-. 186
8.011.300
2.951 613
1 195.518
731
1.896 56
1,064 861
1,107.964
8 3 317
2 911697
1.^09 170
696 226
571 105
45
787 485
741,408,
797,44571 836
551,000
351 885
412 000
866 118
wo6 .SSI
404,666
821.000
3i«
880 288
167 371
2 89! 203
1 240 126
1,064 657
1.060 iO)
918 865
610 701
479,269
718414
845 189
293.751
875,000
76.833 233
175, t00
3 1 1-9
1-8 098
60 HW8 336
38 258,661'
768 289 851 1.176 767 818
515 9.'
612 396 3" 3
11 618 431
14 867 SKI
7 179 153
11 272M1V1.947 63
2 184 682
0011'
1,3
8 203
858.079
6D8 H93
7 8.1<9
789 961
640 8 13
4H2 623
1,017.546
939 925
1.644.642 Not include
21 750 *7("
83.165 465
913.713
9 '9.418
788 9S5
t>
4
0-.* 34X4
1.608 408 007 11' .316 066 474
663 647 735
11750 108
r-
76
7 f«-
1/
1
1.41- 973
I
478 001 6*4
11.371 C0l
90)788
63S8-0
865 .99**
1,817.480
64*90*
589 717
69
I
<
1,081 697
,1*1.
4..SI-0
83/ 1U6H5
82 741.976
THE CHRONICLE.
4(>6
COTTON PRODUCTION, DISTRIBUTION
AND MANUFACTURE.
Our annual Cotton Crop and Spinners' Ueport:
which we have prepared so many years, we give today
in a special SUPPLEMENT, enclosed herewith to each
We hardly need speak of its
our subscribers.
merits, for they are well known and acknowledged
the world over.
The Report covers, as usual: (1) Our elaborate
compilation of the yield of cotton in the United
(2) an
States for the year ending August 31 1901
industry
of
exhaustive history of the cotton-spinning
of
;
[Vol. LXXIII.
the Treasury Department
is
reported to have said this
week that the reduction will not exceed over about
half of the amount named, and on account of that
fact and the smaller expenses, the surplus iucome lor
the current year will reach about 100 million dollars.
So far as the Treasury figures of receipts and disbursements to the first of September disclose the
future, they would indicate a smaller surplus for the
For the
current fiscal year than that just named.
reached
only
$6,two months (July and August) it
surplus
six
million
such
as
dolno
Moreover,
055,377.
lars would have existed had the disbursements been as
On account of the failure of the
large as a year ago.
River and Harbor Bill the Government^saved in July
and August, we understand, about $4,000,000; also
smaller outgoes were incident to the trouble in China
the United States for the same year ; (3) a similar
review of the production of cotton goods in Europe,
(4) complete and detailed statements for a long series
these
of years of the consumption of cotton and the produc- and the army movements in the Philippines
States,
United
the
manner
stated
demills
of
in
the
the
having
goods
by
cotton
tion of
military expenses
Great Britain, the Continent, and a briefer notice of creased about $3,000,000. Of course had these items
the consumption and production of every other minor of expenditure equaled last year's, instead of being
—
manufacturing State
(5) elaborate compilations of seven million dollars less, and other items had recotton supply and distribution, besides divers other mained unchanged, there would have been a email
matters connected with and throwing light upon the deficit instead of a surplus in the two months.
yield and uses of the staple, past, present and prosOn the other hand it appears that the internal revepective.
nue receipts for the two months weie reduced only
Special interest will be felt^in the European section $3,240,449, notwithstanding the lower tax rates in
of the report when we state that the portion of it force; that amount continued through the year would
which relates to spinners' doings in Great Britain and give for the twelve months a reduction in revenue, as
on the Continent has been prepared by our Manches- a consequence of the lower taxes, a little less than 20
He has given a very clear account million dollars. So that altogether there is reason for
ter correspondent.
of the course and results of cotton manufacture dur- the report that the reduction in revenue will be much
ing 1900-01 in every important European State, and less than was estimated by the conference committee
the prospects for cotton consumption in those coun- of the two houses; and hence it follows if the smaller
No one is better equipped expenses are continued, a surplus for the year of $100,tries the coming year.
than he is for that work ; and we are confident that 000,000 is not improbable. The point of interest as
planters and spinners will find a study of his facts and affecting money these suggestions have is that so large
opinions not only a pleasure but decidedly helpful.
a surplus means accumulations in the Treasury of
about two million dollars a week, until the revenue
Consequently an average
laws are further changed.
THE FINANCIAL SITUATION.
disbursement of that amount by bond purchases each
The attempt made yesterday afternoon at the Pan- week becomes necessary to keep the Government
American Exposition at Buffalo on the life of Presi- from drawing currency out of our banks.
dent McKinley is one of those startling events which
can not be intelligently discussedtuntil the situation
The continued decline in foreign exchange rery
arising out of it becomes more clearly defined. It was naturally gives rise to the inference that gold imports
after business hours when the attack was made, directly from Europe will be a feature of the early
so the news did not come in time to affect any future.
As yet cotton is making but a small impresThat large possibilities would be in- sion on the exchange maiket. As our readers know,
of the markets.
;
volved in a fatal termination of the injuries
were
idle to attempt to deny.
But][nothing is to be gained
by enlarging on that point. As we write, the news is
hopeful, the bullets having been extracted, and the
chances of recovery being considered good.
it
that crop
is
late,
except
in the
drought-suffering
and to a moderate extent elsewhere
Another month the movement will
in the Southwest.
with
and
a good demand from Europe
become large,
for our cotton and for our wheat, exchange will be
making very fast. We see that in the current week
Features of the week of special interest with refer- nearly all the leading European Banks have lost gold
ence to the future of money have been the Govern- except Austria- Hungary, which has gained 1-J million
ment report of Treasury receipts and disbursements dur- pounds sterling; it may be that Europe will seek to
ing August, and the continued weakness and declines prevent the movement of the metal to New York; our
The effort to out leading bankers will also, we think, do what they can in
in the rates of foreign exchange.
down a surplus revenue by cutting off a few taxes and a legitimate way to help that effort. We are inclined
lowering others has always proved in this country to to the opinion, however, that the direct inflow must
section of Texas
Indeed a report was received by cable
invariably resulted in
yesterday of a purchase of £100,000 for shipment to
than had been estimated. For instance, on this occa- this city, but it was not confirmed. At all events,
sion when the tax amendments were passed
which gold will come soon, if money in New York
went into operation two months ago on July 1, the should rule with any degree of peimanency at 6 per
beginning of the current fiscal year the committee of cent. The paper department of the money market is
conference estimated the reduction would be about already practically on a 5 to 5£-per-cent basis, and time
41 million dollars. Now after two months' experience loans for sixty days are quoted at 5 per cent. It remains
be a disappointing transaction; that
much
is to say, it has
smaller decline in revenue
—
—
come
soon.
September
7,
THE CHKONICLK.
1901.]
467
what has been done during the year to confirm
hold on the anthracite tonnage, and
flow this way, as officials of some leading banks seem also refers to the new brauch projected with the view
to think and expect, that would no doubt relieve the to adding to the milk and summer-resort business.
situation for the time being.
The further addition to total gross earnings during
Foreign gold continues to reach San Francisco quite the late year was $359,401, bringing the amount up
If we go back to 1890, we find that
freely and to be rapidly transferred to this city to $5,322,883.
through the Mint. A million five hundred thousand the aggregate of the gross earnings then was only
Net earnings fell off a trifle in 1900-01,
dollars arrived this week by the Ventura, consigned $2,200,446.
half to Lazard Freres and half to Goldman, Sachs & but at $1,545,746 compare with only $432,403 in 1890.
Co.; $2,500,000 more is expected to arrive about the As against $1,545,740 net, the fixed charges were only
23d instant by the Sierra. The Bank of British North $666,615, leaving a surplus balance of $879,232,
America is advised of the arrival at San Francisco of which is more than twice the total of net earn$1,000,000 Yukon gold and $1,500,000 Alaska gold. ings in 1890. With such a considerable yearly surplus,
It should be said, however, that these arrivals at San the possibility of early returns to the shareholders
Francisco furnish no actual relief to our currency would ordinarily come up for discussion; but the
strain. No gold reaches the banks through these trans- amount of the stock is large, namely over 58 million
The checks pass through dollars, and Mr. Fowler brings out clearly the reasons
fers from San Francisco.
the Clearing House, and as the Government revenue which make such a step at present unfeasible. An
is all the time in excess of the disbursements, they
interesting table is given in the report this time showmerely serve to help pay that balance. Of course in a ing the great increase made in recent years not merely
sense they relieve the situation, because if it were not in the number of cars in service, but still more in their
We observe that there was a
for these transfers there would be just so much more aggregate capacity.
drawn from the banks by the Government. Cannot further addition to the train-load in 1900-01, bringing
Congress at its next session make for itself reputation the average up to 290 tons, which must be considered
and gain the thanks of the business community by high for a road like the Ontario & Western; the avercorrecting this troublesome and frequently very dis- age train-load in 1890 was 132 tons.
turbing feature of the Sub-Treasury system. We have
often suggested a complete remedy and have never
From present indications the gain in the gross
heard a reason for not enacting it, or something else earnings of United States railroads for the month of
better.
August will reach unusually large figures.
The
August return of the New York Central was
The New York Ontario & Western annual report issued yesterday afternoon, and it shows an increase
for 1900-01 is of the same general character as the re- in the sum of over eight hundred thousand dollars
ports for preceding years that is, there is still con$814,590. Doubtless the passenger traffic connected
tinued evidence of progress in all directions. The with the Pan-American Exposition at Buffalo, where
company is a small one, but its affairs always attract President McKinley was shot yesterday, has been an
attention by reason of the complete transformation element in this extra large increase.
But the returns
which has been wrought in its condition and pros- of many companies in other parts of the country show
pects during the last decade under the present man- hardly less striking improvement.
Thus the Great
agement. A dozen years ago no railroad in the coun- Northern system reports an addition to its receipts for
try seemed to have a less inviting future.
Yet its the month of $703,743.
The Illinois Central has a
progress since then has been continuous, almost every gain of $461,713, with $60,556 more on the Yazoo &
year recording some improvement on the year pre- Mississippi Valley. Then there is an increase of $419,ceding.
The completion of the Scranton Di- 017 on the Canadian Pacific, of $369,363 on the Milvision on July 1 1890
opened an entirely new waukee & St. Paul, of $350,000 on the Missouri
field, and great care has been taken since then in Pacific, of $255,430 on the Louisville & Nashville, of
developing the anthracite coal tonnage. The revenue $241,111 on the Missouri Kansas & Texas, and of
from the latter now constitutes nearly one-half the $205,248 on the Sb. Louis & San Francisco. A pretotal gross receipts, and by far the greater portion of liminary statement which we have prepared, covering
the addition to gross receipts during the last decade 60 roads, shows an increase of $5,904,164, or nearly
has come from that source. The management, how- 13 per cent.
ever, have not stopped there.
They have sought to
Many strikingly favorable statements of net earncreate new business in every direction where there ings for the month of July have also come to hand
seemed the least likelihood of success. The passen this week. We have space only to refer to the stateger traffic, the milk business and local freight gener- ment of the Pennsylvania Railroad. This records an
ally have all alike been carefully fostered.
The re- increase on the lines directly operated east of
sults attained, too, have been remarkably good, con- Pittsburg and Erie of $831,800 in gross and of
sidering the location of the road and the limited possi- $404,200 in net, while on the lines west of Pittsbilities which it seemed to offer.
A statement appears burg and Erie there is a further addition of
in the report showing the revenues from the different $801,500 in gross and of $395,200 in net.
On the
classes of freight during the last five years, and from combined system, therefore, the improvement has been
this it will be seen that the earnings from through freight $1,633,300 in gross and $799,400 in net.
The imn 1901 were $152,209 against only $322,082 in 1897, portant fact should not be overlooked that this comes
the earnings from local freight $793,936 against $587,- on top of successive large increases in the years
128, the earnings from the milk traffic $476,243 agains
preceding.
The following furnishes a six-year com$443,408, the revenue from coal $2,546,918 against $1,
parison of the gross and net earnings on the lines
722,936, and miscellaneous earnings $76,690 against east of Pittsburg, the only portion of the system for
$58,579. President Thomas P. Fowler, in his remarks, which we have data for such a comparison.
to bo seen wnat will be the elfect on currency in the
interior of these higher rates for
—
money;
if
it
should
tells
the company's
—
THE CHRONICLE.
468
LlNBB BUST OF
tBBa
189W.
1900.
1901.
cent.
1896.
18»7.
PlTTdlinUO.
I
7.P21.803
6.T90.095
fl.Orll o»r>
6,162,296
6.481.39'
6 2'8.f.'
Operat'jr azponiPH
6,008,264
1*670,604
4,260,6f4
8,460,86J
1,008,064
3.796,964
Net earning*..
2.0K8B1
2,814,4
:.;
1,S31,1M1
1,701,431
1.H11.781
1.462,631
Jan.
eitrnltiKi...
1 to
July
.1
31.
Qtom earnings.
Banks and trust companies have loaned at 3£
minimum. There was a good demand
per cent as the
July.
Grtu*
[Vol. LXXiil.
.
62,462,506 47.611,406 39.230.60'! S6.625,(IC6 86.C09.90fl 86,663,870
Operat'g ozpenaen 35,091.026 33,168,625 88,910,126 2fl*8f,426 24,776 8^6 26.688.6h3
Net earnings.
17.301.481 14.467.S81 10,814,181 10.240.181 10,293.081
8,976,187
for time loans this
week, especially for short period*,
while the olTerings were by no means liberal, and c
sequently rates on good mixed Stock Exchange collateral were advanced to 5 per cent for sixty daya to
four monthp, while those for five to six months were
quoted at 4$@5 per cent. Bankers report a smaller
supply of time money from Western banks this week,
and investments by these institutions in commercial
There was no change in the official rates of dis- paper are also lighter. The mercantile paper market
count by any of the European banks this week, but is very dull, with scarcely any local business, and rates
unofficial rates were firm, especially at London and are firmly held at 5 per cent for sixty to ninety-day
The striking feature of
the New York Associated Banks
and Frarjkfort.
at Berlin
the
last
statement of
caused
week was a reduction in the caBh of $6,235,100,
by withdrawals of currency by interior banks for crop
purposes and also by an excess of receipts over expenditures by the Treasury. The loans were increased
by $7,349,200, while the deposits were reduced only
The surplus reserve was decreased by $6,$27,700.
It is noteworthy that
228,175, to $11,919,925.
endorsed
bills receivable,
6 per cent for
5@5|
good four to
six
per cent for prime aad
months' single names.
The Bank of England minimum rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
2f@2J- per cent. The open market rate at Paris
If per cent and at Berlin and Frankfort it is 2f
per cent.
According to our special cable from Lon-
is
twenty-three banks in the Association, of which thirteen were national, were below the limit of 25 per
ing the
cent of cash reserves to deposits.
Transfers of currency to the interior
Sub- Treasury for crop purposes were not important
to
don, the
Bank
of
England
lost
£323,537 bullion dur-
week and held £39,086,710 at the close of the
week. Our correspondent further advises us that the
through the loss was due to the export of £40,000 to Roumania and
week until after the middle of the week, these
amounting to only $125,000 to New Orleans on Tuesthis
shipments of £284,000 net to the interior of Great
Britain.
On
Thursday, however, there was a transfer of
Influenced by the large supply of commercial bills
$500,000 and on Friday of $250,000 to Chicago, and by higher money, the market for foreign exchange
making $3,900,000 to that point thus far, and declined further this week. There was an accumulaon Thursday of $200,000 to St. Louis, while $20,000 tion on Tuesday of commercial bills which had been
was transferred to New Orleans. The steamship Ven- received through the mails since the close of the
tura arrived at San Francisco on Tuesday with £300,- previous week, and holders of these bills freely offered
000 in sovereigns from Australia, of which £150,000 them on the maiket, and the supply was so greatly in
was consigned to Lizard Freres, agents of the London excess of the demand that the price naturally declined.
day.
& American Bank at San Francisco, and
to Goldman, Sachs & Co. of this city. The
Paris
000
ship Sierra, which sailed from Sydney, N. S.
ember
San Francisco,
£150,-
Bankers drew their bills freely to take advantage of
steam- the higher money rates and the sales of long sterling
W., Sept- in the expectation of covering at a profit later on were
reported to have on liberal. The demand for remittance and for other
board £500,C00 in sovereigns instead of £250,000, as purposes was small, aud rates for all classes of bills fell
previously announced. The agency in this city of sharply. Thursday there was a further fall, which
3,
for
the Canadian
ceived Assay
Bank
of
is
Commerce has
this
week re
was quite pronounced in long sterling, and the
$940,000 market was heavy thereafter. The week's decline
Yukon gold, which was deposited at San Francisco in rates for sight sterling brought this class of
and at Seattle for its account, and the agents have ad- bills to within about one-half of a cent of the goldvices of $600,000 more gold so deposited.
The agency importing point. Notwithstanding a report yesterOffice
checks
Bank
representing
North America day of a purchase of gold in London for shiphas received checks for $1,000,000 Yukon gold which ment to New York, bankers were of the opinion that
had been deposited at San Francisco.
The $G00,- gold imports would not soou be important. They
000 for the Canadian Bank of Commerce will be pointed to the fact that discounts in London were
transferred hither through Assay Office checks, as also perceptibly hardenirg and that American gold coin in
will the foreign gold which has been received and that market is advancing in anticipation of a demand
which is expected to arrive at San Francisco.
The for it for export. Should there be a disposition in
payments this week by the Assistant Treasurer for London further to retard the movement of gold
unmatured bonds purchased by the Treasury Depart- hither, intending shippers may have to resort to Paris
ment amounted to $355,537 97, making $16,515,562 42 for the metal and obstacles may be interposed at that
in
this
thus
city
of
the
of British
far.
Money on
which may greatly defer exports. It was observed on Thursday that there was some discrimination against sin gle-rame banker's eixty and ninety-day
sterling because of the large amount of such bills in
the market. Should such discrimination continue, it
might lead to a demand for sight sterling, and this
of itself would retard the downward movement in this
The
class of bills and tend to postpone gold imports.
Assay Office paid $642,831 24 for domestic bullion.
Receipts of gold at the Custom House for the week,
centre
representing bankers' balances loaned
at the Stock Exchange during the week at 4| per cent
call
and at 3 per cent, averaging about 3| per cent. On
Tuesday and on Wednesday loans were at 4 per cent
and at 3 per cent, with the bulk of the business at 3£
per cent. On Thursday transactions were at 4 per
cent and at 3| per cent, with the majority at 3^- to 3£
per cent. On Friday loans were at 4£ per cent and at
3 per cent, with the bulk of the business at 4 per
$56,562.
September
THE CHRONICLE.
1901.]
7,
exchange were reduced this week
by all the drawers to 4 84J for sixty-day and to 4 87 for
sight, and on Friday some bankers lowered rates hall'
cent farther, Hates for actual busiaess opened on
Tuesday at a decline of one- quarter of a cent, compared
with those at the close of last week, for long and for
short, to 4 83f@4 84 for the former and to 4 85f@
for the latter, while cables were half a cent lower, at
4 86^@4 86*. The market was weak owing to liberal
Tnc tone was barely
offerings and a limited demand.
steady on Wednesday at unchanged rates and there
Nominal
rates for
169
MEDIATION IN SOUlH AMERICA.
—
the proclamation
Certain events of the past week
by Venezuela regarding its quarrel with Colombia,
mediation by Secretary Hay, and Mr.
McKinloy'8 remarks at Buffalo on "Pan Americanism" have brought up again in a somewhat striking
light our relations to these southern republics. People
have wondered for a good many years what was to be
the eventual role of the United States in the seemingly never-ending political melodrama of South
were smaller offerings of bills. Ou Thursday the America, and it is always possible that an episode
above-noted discrimination against single name bank- such as this will go far towards defining it.
In one regard the adherence of our Government to
ers' long sterling caused a sharp fall of half a cent in
these drafcs, to 4 831@4 83J. Tnere was a weaker the Monroe Doctrine, as originally set forth, defined
Tnat much-disputed,
tone for sight and for cables, which wa3 reflected in a our relation unmistakably.
decline of one- quarter of a cent, to 4 85^@4 85| >r and in our judgment very much misrepresented,
The dogma of our history clearly stated our attitude tothe former and to 4 86@4 86£ for the latter.
market was weak at the close and it was heavy on wards attempts at the subjugation of American reFriday, when rates were reduced one- quarter of a publics by European Powers. Wnen Mr. Monroe decent all around. The following shows daily posted clared, in his Presidential message of 1823 to Conthe
offer
of
—
i
rates for
FBI..
MO *..
Aug. 30
Brown
Brot.....
Magonn & Co.
Bonk British
60
J
Sight...
\
Bank of
4
Sept.
84*
84*
84*
87
87
87
87
86
86
84*
84*
87*
84*
87
87
35
84*
87*
87
87
87*
87
4 85*6
4
Sight....
dan
p.
<
f
488
Heldelbaeh. lok (60 days. 480
elnelnier & Co (Sight.... 4 87*
(60 day*
486
Laiard Freret..
4 87^
J Sight....
Merchant!' Bk. J 60 days. 4 85*
of Canada.... I Sight.... 488
C
c
Sight...
The market
THTTB..
Sept 4.
4 85
(60 dart.
\
Win..
Sept. 3
87*
Sight-..
I
Tubs..
4 85
Sight....
100
,
Commeroe.
4
87*
4 85*
488
\
8.
closed at 4
United States would consider any
at-
those Powers, " to extend
4 85
(80 days.
No. Amerlot,.
Montreal
Canadian Bank
dan
J
(60 dart.
Baring,
of
gress, that the
exchange by some of the leading drawers:
*
FBI..
Sept. 8
6.
"ii*"
85
85
84*
84^
86*
84*
87*
87*
87
87
85
85
84*
84*
87*
84*
87*
84*
87
87
84*
84
87
87
87
86*
84*
84*
84*
84
87
85
87
87
86
87*
84*
to*
84*
87*
87
67
83@4 S3£
their
tempt, on the part of
dangerous
portion
this
hemisphere
as
any
of
system to
—
our peace and safety " adding that all undertakings of the sort would be regarded " as manifestation
of an unfriendly disposition towards the United
States" he established our position, perhaps more
firmly than he himself imagined, as a bulwark against
either the conquest of South American States by Euto
—
rope or their voluntary surrender to European domination.
How much
for long, 4 85£
has really been averted by this plainly
understood policy,
is
rather a matter of conjecture.
@4 85^ for short and 4 85f @4 86 for cables. Com- Except perhaps in the episode of 1866, when Secremercial on banks 4 82^ @4 &2f and documents for pay- tary Seward's peremptory demand that France withment 4 82£@4 83. Cotton for payment 4 82£@4 82 J, draw its troops from Mexico, was obeyed by Napoleon
cotton for acceptance 4 824@4 82f and grain for III., even the Monroe Doctrine has not been squarely
payment 4 82f @4 83.
tested.
We do not by any means grant the Venezuela
episode of 1895 as a test ; if it had been, so much
The following gives the week's movements of
money to and from the Interior by New York banks.
Week Bndint September
6,
1901.
Oirrenoy.
Sold
Total gold and legal tenderi.
Received by
SMwei by
JV. T. Bank*. N. T. Bonks.
14.888.000
16.047.000
1.141,000
1,487,000
?6 029,000
{7,534,000
With the Sub-Treasury operations the
Net Interior
Movement.
Loss ll.159.OOC
Loss.
346.0J0
Loss 11.5(5,000
result
is
as
follows.
Week XnAint September
Out 0}
Banks.
into
6, 1U91.
Bank*.
Banks
Interior
movement, as above
Bib-Treasnry operations
Total gold and legal tenders.
The following
in the principal
Holdinfs.
11,506.000
16 029.000
17,5 4 000
Loss
15,300,000
19,300,000
Loss.
(21,329 000
185,831 000
table Indicates the
3,000,000
Loss. 14,505.000
amount
of bullion
European banks.
ibf>-5. 1901.
Bank
Net Changs <n
Bank
S
Silver.
/i6cr6. 1900.
Toral.
0014.
*
4
Silver.
we
fear, for the validity of the Doctrine.
But these are almost our only moves,
in
any protective
sense, in relation to the republics to the south of us.
What
the United States would do, in a certain un-
and now improbable emergency, has seemed
to be plain enough. But what, if anything, its avowed
responsibility on such occasions would require it to do
under other circumstances, where other South American States were the disturbing influence, wa3 a
realized
highly unsettled question.
The
present trouble between Venezuela and Colom-
many
previous South American
"events," to bring the question to a focus. Any exten-
bia threatened, like
sive discussion of the meiits of this controversy
would
probably be tedious; it is only one more incident in
the perpetual series of internal revolutions and external quarrels which have marked the history of
of
Sold.
the worse,
Xotai.
1
these
South
American
States.
The Anglo-Saxon
such grievances with an impatience strongly mingled with contempt. One of the
Germany*
restless
Bnssla
Venezuelan leaders, in whose general behalf
Ans.-Hang'y.
our excitable politicians were going to war with England
Spam
Italy
in 1895, saw fit to proclaim himself dictator.
As was
Netherlands..
U.250,600 5,607,ut0 11817,6
4,670,000 5.788.000 10,65
disangry
to
in
involved
be expected, he was at once
Nat. Belg'm *
8,080 7J0 1,530 800
4.591.000
2,790.000 1,895,000
4.18!
Tot.thls week 317.783.716 105C938S6 4J2.819.601 307.844,691 102987«f 6 410.312,657
putes with neighbor States.
Colombia, on the west,
Tot. Drev. w'k 318 805 411 10613S<J99 424 H13.710S06.74H.fl51
3377616 410 U7.107
inserted that the Venezuelan forces were planning ex
* The division (between gold and silver) given in our table of coin
and bullion In the Bank of Germany and the Bank of Belgium la made peditions to undermine its position.
Venezuela refrom the best estimate we are able to obtain; in neither ease
it
claimed to be accurate, as those banks make no distinction in their torted that Colombia was harboring Venezuelan "revoweekly returns, merely reporting the total gold and silver, but we
lutionists" andlendiag troops to those dangerous perbelieve the division we make is a olose approximation.
ngland
France.
.
39086.710 86.066,761
39,086.710
86,066,761
98,742,706 44,791,1^5 141.633,691 89,972.910 46 438 9(56 135.401,908
30.7 21,000 15,826,000 40,546,000 87,784,000 14,313.000 42.097.000
89.686.000 7,204,000 76,790,000 78,898,000 7,655.000 86.663.00C
42,014.000 10.987,000 63 001,000 37.736,000 9,623,000 47,559,000
14.4C4.000 17,213.000 31 618,000 13,689,000 18,898,000 80.S85.0OC
15,660,000 1,977.400 17,837.400 15,438.000 1,669,000 17.107.00C
1'
i.s
listens to the recital of
THE CHRONICLE.
470
sons for use against Venezuela. Very probably, both alleDictators have a way of
gations were well founded.
ment
[Vol. LXXIII.
will serve as useful a
purpose as the sending of
anchor in the harbor.
half a dozen war-ships to drop
resorting to "military glory" to divert attention from
their domestic performances, and neighbor States
That we should send an ultimatum in favor of one
contestant, or "lend" a few warships, as a Colombian
revo
to-day
general is reported, in one of the dispatches, to have
sheltering
have more than one reason for
But we are
lutionists who may turn up to-morrow as dictators. naively suggested, is out of the question.
The general policy of the outside world has been to nevertheless a power whose word must be heeded.
stand aloof and let these miniature powers fight it The view entertained by some European critics that
The United States has wisely refrained from " Pan- Americanism" was more likely to end in
out.
interference beyond protection of property of its forcible discipline of those States by the United Slates
citizens.
European States have been even more than in fight with a foreign Power which threatened
them, has in it a good deal of logic, though it is easily
cautious.
The Colombia Venezuela affair differs from previous carried too far. In spite of the Chilian episode of
which was chiefly a matter
teapot tempests of the sort only because the Isthmus ten or twelve years ago
of
that "pressure" from
we
believe
misunderstanding
of Panama and the Panama Canal come within the
borders of Colombia. With the Government of that Washington will of itself be sufficiently effective on
State, both France, whose capital constructed what is occasion to avert the necessity for any more positive
completed of the canal, and the United States, whose procedure.
—
political interest in the
water-way
is
—
considerable, have
treaty understandings sufficient to guarantee neutral-
GRANDE
DENVER
THE
& RIO
REPORT.
In the event, however, of a
The Denver & Kio Grande has for many years been
war where Colombia was defeated by Venezuela, or
is
not
it
an important and a growing railroad property, and it
the Isthmus overrun by Venezuelan troops,
In is evidently destined to become still more important in
altogether easy to say what situation might arise.
ity
of
the enterprise.
a very considerable degree, the action taken by ourselves and other Powers, whether during or in advance of £uch developments, is likely to make import-
ant precedent.
Under Secretary Hay's cool-headed guidance, the
first
step taken by the United States, a few days ago,
was the tender of our good offices for the purpose of
To
one of the quarreling governments appears to have returned a noncommittal answer. According to Washington reports,
Colombia accepts the offer, though asserting that she
is the injured party, and hence deserving of help
rather than mediation. Venezuela is believed to have
veiled its answer in the evasive obscurity familiar to
diplomacy. Such communications as have been made
public from either quarter indicate that these South
American States, while perfectly willing to have the
moral or physical aid of the United States extended
to them, are strongly disposed, in default of such
substantial help, to hint that our Government attend
mediation.
own
to its
this offer, at least
affairs.
This rather well-known attitude of the South American States is the real problem of their own future.
It stands unquestionably in the way of the realization
of such pleasing dreams as that described in President McKinley's speech at Buffalo last Thursday.
"A
truer fraternity of the republics
L of
the
new
world " may be easily at hand with a Porfirio Diaz in
control of the Southern Government. How it is to be
obtained with a State or States>here jealous politicians or military
usurpers rule, we confess our ina-
bility to discover.
The problem
European interference
has turned out to be not over-difficult.
But the
problem of keeping the South American States themselves in some sort of order is an undertaking before
which the most ambitious Power would shrink. The
of
warning
off
upshot of the present affair will very possibly be a
realization by these petty governments that while the
United States will not meddle with their quarrels and
revolutions, it might interpose a very decided word if
these "episodes" were to become a nuisance and
menace to us or the world at large. For ouiselves,
we are strongly of opinion that, when the exigency
really arises, a sharp rebuke from the State Depart-
the future.
A
in the railroad
great
map
many changes
are taking place
west of the Missouri River, and
under the circumstances it is not surprising that the
Denver & Rio Grande also should be in process of
change. The road holds a position of much strategic
advantage and the energies of those in control have
within recent periods been directed, it is ea3y to see,
towards strengthening such position. The acquisition of the Rio Grande Western, which was the event
of greatest moment in the period covered by the annual report, was manifestly a move of that kind.
This line serves at once to extend and to perfect the
system, while adding a piece of road which was profitable on its own operations when managed as a separate
property.
As was pointed out by
us
when the announcement
was made, the absorption of the
Rio Grande Western is not only a perfectly natural
step, but one which was inevitable in any event. Geographically the Rio Grande Western is merely an extension of the Denver & Rio Grande, carrying the
letter's system of roads through Utah to Ogden,
where it connects with the Central Pacific for San
Francisco and with the Oregon Short Line for Portland and the North Pacific coast. The road was in
fact originally built as an extension of the Denver &
Rio Grande, and this idea was carried out in the title
given the line, which then was the Denver & Rio
Grande Western, instead of the present plain Rio
Grande Western. The two properties, too, at that
time were under one management, the Denver & Rio
Grande Western being leased to the Denver & Rio
Grande. Later they became separated and both were
reorganized, the Denver & Rio Grande in 1886 and
the Rio Grande Western in 1889. In the interval
since then both properties have been carefully and
skilfully developed. The idea of ultimately regaining
possession of the Rio Grande Western was, however,
always kept in mind by Denver & Rio Grande interof the acquisition
and in the reorganization a certain amount of
Denver & Rio Grande securities was set aside for the
purpose of acquiring the Rio Grande Western.
Through the arrangements now made thi3 object has
ests,
been attained, thus carrying out the original purpose
of a mified system.
September
7,
THE CHRONICLE.
1901.]
operation of takiDg over the Rio Grande Western had not been completed at the end of the fiacal
year, but President Jeffery thinks that the work of
The
exchanging the Rio Grande Western preferred shareB
for those of the Denver & Rio Grande will be con
With the Western forming part
eluded by October 1.
of the system, affairs will of course be on a new basis
The
transaction will involve altogether the issue of
$20,750,000 additional preferred stock of the Denver
& Rio Grande, raising the amount of the same to
$44,400,000, which, added to the $38,000,000 Denver
Rio Grande common, will make the total of Denver
& Rio Grande stock $82,400,000. The mileage will be
increased by the mileage of the Rio Grande Western,
and revenues will be enlarged by the income received
&
$2,869,778.
171
Expenses for the
later year were $7,1*3,the earlier year, and as illus-
B07 against $4,075,336
trating the company's policy in the matter of charges to
expenses, it is interesting to note that in these figures
maintenance account in
the expenditures upon
in
1900 01 were $2,636,668 as against but $1,411,028 in
1896-97.
however,
only a small part of the
To indicate more fully the extent of the apstory.
propriations out of earnings for renewals, improvements and betterments, it is necessary to go a step
This
latter,
is
Thus out of the late year's earnings the
management set aside an additional sum of $140,000
as a special contribution to the renewal fund.
Even
with this contribution, and after allowing for all rental
further.
and interest charges and the full 5 per cent dividend
twelve on the $23,650,000 preferred stock, a surplus of no
The report before us, which is for
months ending June 30 1901, covers, of course, only less than $730,922 remains on the operations of the
And this report twelve months. This latter was disposed of in much
the Denver & Rio Grande by itself.
makes a most gratifying exhibit. All the features the same way that is, after being carried forward as
noted in previous years are again observed, only a credit to profit and loss, the greater part was then
For instance, $352,186 was charged to
strongly emphasized. Under the wise guidance of charged off.
the late George Coppell and the intelligent and profit and loss as the cost of some considerable adthe ditions to the equipment during the year. Then also
efficient administration of President Jeffery,
reorganization
in the balance (amounting to $235,851) of the cost of
property has been managed since its
1886 in accordance with such sound methods, both of exchanging the old 7 per cent bonds into 4^ per cents
railroad economy and of railroad finance, that the ex- was also charged to profit and loss.
We have often referred in these columns to the
cellent results disclosed are to be accepted as the
development
of
policy pursued for so many years by the Lake Shore
fruits of that far-sighted policy. The
traffic and earnings, not only during the late year but & Michigan Southern Ry. in making no charges to
in the years preceding, is the outgrowth of the same capital account for construction and equipment.
On
policy, and would not have been possible without it. a smaller scale the Denver & Rio Grande has carried
By this we mean that if the property had not been out much the same policy. Cost of road has not been
brought to a high physical state its profitable opera- burdened with any new additions since 1887 that is,
Again, the amount at which this item is entered in the books
tion would have been out of the question.
had not been has been kept unchanged through all these years.
this purpose
the money for
if
from
earnings,
but had been In the case of the equipment, nothing has been added
in
good
part
taken
paid for with new capital creations, thereby raising the to the book value of the same either for the additions
yearly fixed requirements, the company would not be of the late year (these having, as already stated, been
able to display now an income statement showing the charged to profit and loss) nor for the still larger outpreferred dividends earned and a large surplus left lays of the same description made in the years preA feature of the Denver & Rio Grande report ceding. Back in 1892-3 the value of equipment was
over.
has always been the fullness and clearness with which marked down $895,870 and in 1894-5 a further $1,-
from the
latter.
the
—
—
the accounts are stated. All the various financial operations are detailed at great length, and many statistical
tables not found in other reports are introduced to
off, and the item has not again
been raised since then, notwithstanding the heavy
outlays made on that account.
What this treatment of the equipment account means
will perhaps be better appreciated when we say that the
present report shows 4,350 standard-gauge cars owned,
while on June 30 1895 the number was only 2,567,
the narrow-gauge equipment on hand (for which
there is each year less use) having remained practically
the same. In like manner, what has been accom-
000,000 was taken
comparison and analysis and allow the various
operations to be readily traced. It is hardly needful
to add that this is the work of Mr. Stephen Little,
who is Comptroller of the company. If President
Jeffery were not so insistent himself in enforcing
sound and conservative methods, Mr. Little's presence
on the official staff would serve as a guaranty that
the books and accounts are kept in accordance with plished in improving roadbed, etc., is indicated in
very strict methods, for Mr. Little's penchant in that certain portions of Mr. Jeffery's remarks in the presregard is well known. As further evidence, however, ent report. He points out that there are now about
facilitate
of the accuracy
Purdy
of
of the
statements, President
W.
G.
the Rock Island Railroad has again gone
over the books and accounts, and he certifies to their
truth and correctness.
During the late year there was a further addition
sum of
208 miles of standard-gauge track laid with 85 pound
steel, the entire cost of which, including the cost of
transferring the original light rails to other parts of
the system, has been charged to operating expenses.
The introduction three or four years ago, he says, of
$1,206,323, or 11 '77
per cent, and a further addition to the net in the sum
Since 1896-97, when
of $638,058, or 15-11 per cent.
the heaviest class of locomotives required the rebuilding to the best standards of strength and safety of
the collapse in silver caused a severe drop in revenues,
there has been a rise in earnings both gross and net
line,
to the gross receipts in the
on the standard-gauge main
and the cost of this was also charged to operaThe structures removed were of but little more
many
tion.
of the truss bridges
each year, and the total of the gross now at $11,- than half the strength of the new ones. In the last
452,403 compares with only $6,945,114 in 1896-97, two years the narrow-gauge mileage has'been reduced
and the total of the net at $4,328,505 compares with 110 miles by standard-gauging.
in
THE CHRONICLE.
472
The balance
(Vol. LXXIII.
—
company to have been and net earnings alike established since 1897. It
on June 30 1901. The should be understood that in this increase between
sheet shows the
in easy condition financially
company held at that date $1,272,890 in actual caBh, 1897 and
and Mr. Little reportB total current assets (including $1,869,404
1901, reaching
in
net, higher
$4,700,378 in
rates
gross and
have played abao-
and pasaen$349,119 of material and supplies)
In this, ger rates being, indeed, somewhat lower for 1901 than
against only $2,650,685 of current liabilities.
The larger earnings have followed entirely
too, many of the securities in the treasury are put in at for 1897.
from
Souththe
development
of the traffic of the road.
On
a low valuation—the $1,411,000 of Rio Grande
ern 1st 4s being scheduled at only $919,366, or at only the point in question it is only necessary to eay that
at
about 66, though they
sell in
$5,077,292,
the market at 93.
lutely no part, the average of both freight
1897 the road moved 1,343 million tons of
freight one mile, in 1901 the movement was 1,909
while in
million tons.
PROGRESS OF THE CLEVELAND
CINCINNATI CHICAGO A ST. LOUIS RY.
The passenger
bueiness
has expanded
having risen from
186,657,170 passengers carried one mile in 1897 to
in
a no less noteworthy way,
it
Big Four, or Cleveland 259,259,134 in 1901.
In the net results the improvement has followed
Cincinnati Chicago & St. Louip, has advanced to a
new plar.e of prosperity. "We have often referred to also in no inconsiderable degree from the greater
the excellent work accomplished in the administration efficiency attained in the operation of the road. In
of this system while conditions and circumstances 1897 the average train load was only 247 tons; in 1901
were not altogether propitious. Now that a very fa- the average number of tons in a train was 333. As a
vorable state of things has developed, both in the in- consequence the trains earned in 1901, notwithstanddustrial and the railway world, the property, as was ing the lower average rates, $2 03 per mile run, as
Except for the
to be expected, makes a still more gratifying showing, against $1 52 in the earlier year.
and it is evidently reaping the fruits of the wise pol- extensive improvement work carried through during
icy pursued in its management ever since President the last few years, such operating efficiency would
Ingalls has guided its affairs which means the whole have been impossible of attainment, and the outlays
therefore on that account are well repaying the cost.
dozen years of its existence.
Under the gain in earnings the income account
Two features stand out prominently in the report
After probefore us covering the fiscal year ending June 30 makes a decidedly gratifying showing.
and
viding
in
income
for
all
charges
aad
5
per
cent
further
growth
dividends
on
the
1901, namely (1)
(2) the large expenditures and appropriations out of the preferred stock and 3£ per cent on the common
earnings for the improvement and betterment of plant stock, a surplus remains on the operations of the twelve
and equipment, the purpose evidently being to bring months in the sum of $852,916. Dividends on the
the property to a very high state of physical perfec- common shares are now on a 4 per cent basis, the semition without laying extra burdens on capital account. annual payment having recently been increased to 2
A further addition of more than a million dollars per cent; but were allowance made for the dividends
was made to the gross earnings at the full 4 per cent, even then a surplus of $712,969
($1,070,639)
The addition would remain. In the previous year the surplus had
during the late twelve months.
comparatively been equally large, and the company then approin this period was
net
to the
trifling— only $64,264. This latter follows in part priated out of this surplus the large sum of $821,566
from an enhanced cost of operating due to in- in payment of a balance on the purchase of 2,000
The operation has again been repeated in
creased wages and higher prices for supplies, but in new cars.
the main it is the outgrowth of the company's policy the late year. Out of the $852,916 surplus for that
of making liberal and extensive outlays for better- year $191,247 has been applied in the purchase of new
ments and new work. In the previous year the in- cars, $103,645 to pay the cost of over 11 miles of
crease in gross earnings had been over two million track and improvements in the Anderson Yard, and
dollars, and it is only by going back and noting the $272,959 to cover expenditures incurred in building
extent and cumulative character of the gains, year by over 20 miles of double track on the Cleveland
year, that we get an adequate notion of the road's Division.
In the fiscal year 1897 gross earnings were
progress.
All these special appropriations are in addition to
but $13,117,111; for the fiscal year 1901 they are $17,- very liberal outlays for repairs, renewals and additions
If any one would
877,489. When the comparison is carried back in this charged directly to expenses.
in
the
net
is
improvement
equally
extensive
these
the
striking,
know
how
outlays
have
been, he should
way,
notwithstanding the absence of any considerable in peruse President Id galls' remarks in the report.
crease in the late year; in 1897 the net was but $3,- Thus, 11 engines, 366 freight cars and 22 passenger
252,447, for 1901 the amount is $5,121,851, showing a cars were purchased or built during the year and
charged to expenses, at a cost of $582,424. This was
gain of $1,869,404, or not far from 60 per cent.
An element in this expansion in revenues has been in addition to ordinary repairs and exclusive of the
the better rate situation, reflecting the greater har- 300 cc al cars that were purchased and charged to inmony prevailing among competitive lines* and the come account. For the enlargement of the shops of
succeis attending the effort to prevent serious cutting the company and for new tools $137,309 was expended
A further increase occurred in the late year and charged to expenses in addition to the charges
of rates.
34 '68 miles of side track for
in the average rate realized per ton per mile. Still even for ordinary repairs
and passing track purposes and for the
after this increase the average iB no higher than 6 -10 yard
This compares with 5*83 accommodation of industries were built during the
mills per ton per mile.
mills in 1900 and 541 mills in 1899, but in 1897 the year, and the cost charged to expenses.
Furthermore,
6*31
mills, and prior to large sums were expended upon
rate was 6*14 mills and in 1896
new frogs and
1898 no average can be found as low as that for 1901. switches, railway crossings and interlockings, bridges
We have referred above to the large gain in gross and trestles and station buildings. Heavier bridges
With the year
just past the
—
;
—
September
THE CHKONICLB.
7, 1901.]
and structures have everywhere been put in, we are
told, where renewals have been necessary, the outlays
for this purpose being included in expenses.
In brief,
the same policy
as in
has pursued
previous years of making no charge to construction
for any expenditures upon the property, whether for
the company
maintaining or improving
To
say this
is
it.
to say that the road, which
derbilt property,
is
is
a Van-
being administered in accordance
per cent was earned on the
173
common
shares after con-
betterments, etc., amounting to nearly
3 per cent more.
The further addition to gross earnings during the
tributions for
was $1,69-1,436 and the further addition to net
President Henry Fink presents a table in
$750,073.
the report comparing 1901 with 1898, the latter the
late year
year following the reorganization of the conThis comparison serves to indicate the great
first full
cern.
with Vanderbilt methods and principles. The treat- expansion in revenues which has occurred. ThegrosB
ment of one little item in the accounts for the year earnings in these three years have risen from $11, ~IV
stands as a typical illustration cf the conservative 1^3, to $15,785,441, the increase being over 4$ million
During the year dollars, or 40 per cent. The net earnings in the same
bookkeej iog methods in vogue.
$2,000,000 of 4 per cent bonds were sold to take up three years have increased from $3,350,024 to $0,339,maturing underlying 7 per cents. On this sale a 982, the gain being almost 3 million dollars, or over 89
premium of $45,000 was realized. In the case of per cent. The augmentation in expenses in the three
many companies said premium would have been car- years is shown to have been $1,559,360. It is worth
The Big Four manage- noting that only $442,866 of this addition to expenses
ried as a credit to income.
ment has
carried
result
that Construction
is
it
The was
as a credit to construction.
and Equipment
stands
conducting transportation, while
$1,028,743 represents increased outlays on maintenance account for equipment and plant. This illustrates at once the increasing efficiency and economy
with which the road is being operated (for the volume
in the cost of
on the books at a valuation of $45,000 less than previously, and this too at a time, as we have seen, when
extensive additions and improvements to the property
are beii g made.
of business moved has greatly increased in the three
years), and the policy that is being pursued in ad-
NORFOLK & WESTERN REPORT.
Since the Norfolk
1896,
its
& Western was
reorganized in
annual reports have each year revealed fur-
vancing the physical standard of the property, these
enlarged mainterance outlays being entirely independent of the If million dollars appropriations for
betterments.
The problem before the Norfolk & Western management was that of moving a large volume of traffic
the five years is so considerable that the position of at a small margin of profit. The traffic consists chiefly
the property, from an income standpoint, may be said of coal and other minerals, which permits, while makWhen ing necessary, heavy train-loads. The rates on such
to have undergone complete transformation.
the reorganization took place, no one could have tonnage are extremely low, and in the past have at
dreamed of early dividends on the common stock, yet times been so seriously demoralized as to leave scarcely
these dividends are already an assured fact, a payment any profit in its movement.
The situation in this
of 1 per cent on this stock having occurred June 20 respect has greatly improved the last two years, and
1901.
Moreover, examination of the income account this has been no inconsiderable factor in the expansion
shows that in this step the management acted with in revenues which has been established. The better
conservatism, as the results would have warranted a rate situation has followed in part from the great inlarger distribution had such a course been considered dustrial revival which the country has experienced,
wise.
in part from the concentration of ownership in the
The new position to which the property has been bituminous coal-carrying roads to the seaboard, preraised will be most readily realized perhaps by point- venting that ruinous strife which was previously the
ing out that for two successive years now it has been bane of the bituminous trade.
found possible to make an annual contribution of
We notice one statement in the remarks of Presi$1,500,000 from income to a betterment fund. The dent Fink which comes as a decided surprise. He
gross earnings for the twelve months were $15,785,- says that the improvement in the rate situation in the
441, and hence almost 10 per cent of the same has territory of the trunk lines, to which reference was
been applied in this way. Furthermore, in the late made in the previous report, was not maintained in
year, besides the $1,500,000 contributed towards bet- 1900-1901.
During the greater part of the year, he
terments, $250,000 was placed to the credit of a fund asserts, rates on both east-bound and west-bound
ther progress in income as well as in operating
iency.
The aggregate improvement
effic-
in revenues for
created for restoration of property destroyed by the
great floods in the Pocahontas coal regions last June.
Thus we have If
million dollars of special appropria-
provided for out of the earnings of the twelve
months. After allowing for this If million dollars
(which is equal to not far from 3 per cent on the outstanding amount of common stock) and for 4 per
cent dividends on the preferred shares and the 1 per
tions
cent dividend paid in June on the
common
stock, the
This is the
first complaint of this kind that has come to our notice.
We had supposed that rates in trunk-lino territory,
except for occasional disturbances which were speedily
corrected, had been
remarkably well maintained.
It is only proper to say, too, that the annual reports
of the trunk lines which have thus far been received
give no evidence of extensive rate cutting, average
freights were in a demoralized condition.
rates having improved.
income account still shows a surplus remaining of
Mr. Fink's remarks are not intended to apply to
$822,030 on the results for the fiscal year. The out- rates on coal. Here he notes a great change for the
standing amount of common stock is $64,469,200, so better, and that after all is the important thing, as
the company, besides paying one per cent, had a surplus the road's tonnage consists so largely of that class of
equal to considerably more than enough for another traffic.
He points out that for the first time in the
one per cent, and this after special contributions history of the road rates on east- bound coal were
amounting to $1,760,000. Put in another way, two maintained during the entire year by all the bitumin-
THE CHRONICLE.
474
[Vol LXXIII.
oub coal carriera. The result i3 Been in a further ad- American Exchange National Bank. After leaving that invance in the rate realized, which was 4 Gl mills per stitution he became a member of the Open Biard of Brokers,
ton per mile in 1900-1, against 4'30 mills in 1899-1900. which in 1869 was consolidated with the New York Stock
Mr. Fiok stu'es that 95*5 per cent of the increase in
the revenue from freight was due to this increase in
the average rate per ton per mile. If we go baok a
year further, we find that in 1898 9 the average was
but 3-97 mills. The advance from 3-97 mills to 461
mills is evidently a substantial one, and it may be
acoepted as the fruits of the policy which has placed
Exchange. While in the brokerage business he acted as
broker for Jay Gould, Henry N. Smith and other large operators.
In 1873 he became a member of the firm of Oiborn &
Chapin, and on the dissolution of that firm in 1885 Mr.
Chapin organized the banking house of E.
his brother Albert K. being a partner.
S.
Chapin
&
Co.,
—By the will of Louis T. Hoyt, the well-known banker,
whose death was*announced in this department on August 10,
the Pennsylvania Riilroad, the Baltimore & Ohio, the a bequest is made to David S. Kimball, his cashier, who had
been in Mr. Hoyt's employ for more than^thirty- seven years,
Chesapeake & Ohio and the Norfolk & Western all
of his, Mr. Hoyt's Stock Exchange seat and also of $1,000 to
under the same dominant interest, llad the Norfolk pay Mr. Kimball's initiation fee|as
a member of the Ex& Western been obliged to move the tonnage of 1901 change. This bequest is "in recognition of long and faithful
at the ra^es of 1899, its revenues would have been $1,- services." Bequests of. $2,500 to J.^Mortimer Parker, one of
his clerks, and other sums to servants of Mr. Hoyt, were
833,197 less than they have actually proved to be.
We have stated above that the problem before the likewise made by the will. The Orphan Home and Asylum
of the Protestant Episcopal Church of New York, of which
management is that of moving a large volume of Mr.
Hoyt's deceased daughter was formerly a manager, retraffic at low rates.
On that point it is worth noting ceives $10,000, and two female friends of this daughter each
that the Norfolk & Western in the late year rendered get for life the income of a fund of $10,000, while another
a larger volume of transportation service than the female friend receives $20,000. Among other of the bequests
Southern Railway, if we take the tonnage'movement
one mile as a measure of the work done. The Norfolk & Western, on an average of 1,560 miles of road,
moved 2,864 million tons of freight one mile. The
Southern Railway on an average of 6,425 miles of road
iiad a tonnage movement one mile of only 2,732 millions.
But the tonnage of the Southern Railway cona considerable extent of high-class freights, and
it was able to obtain an average of 9 47 mills per ton
sists to
per mile.
Tne Norfolk & Western,
as
we have
seen,
one thirty-second part of the residuary estate is
Luke's Hospital for the Treatment of Consump *
in memory of his deceased daughter Geraldine, and a
to charities
given to
tives,
St.
amount to the Society for the Relief of Destitute
Blind and to the New York Society for the Prevention of
Cruelty to Children.
The above-noted Orphan's Home and
Asylum also gets a similar portion of the residuary estate.
Provision is made in the will for the widow of Mr. Hoyt, for
a married daughter in England and for a brother, and for
similar
nephews and
nieces.
The
estate disposed of
amounts to
about $3,000,000.
—
The recent practice of those of the New England banks
paying with standard silver dollars checks upon themselves
only 4 Gl mills per ton mile. Such a low rate makes which are presented by express companies for collection, innecessary, as already stated, a heavy train-load. What stead of adopting the Boston Clearing House plan of par
has been accomplished in this direction is indicated collections, seems to be causing an embarrassing congestion
by the fact that for the late year the lading of of silver dollars at Eastern points. The U. S. Treasury
transports these coins free of charge on request of any bank
the trains was brought up to the high average of 461
to any point in the country, but the Treasury will not defray
Five years before, in 1896 7, the average was the cost of returning the coin to the
tons.
shipping office. The
but 325 tons.
above-noted complaint of congestion of silver dollars may, it
is thought, lead to the refusal of the Treasury to give free
ITEMS ABDUT BANKS, BANKERS AND TRUST CO'S. transportation to silver when such privilege is being used for
purposes other than that which was intended by
—At the auction sales this week no bank stocks were sold, the supplying of money for crop and legitimate the law—
business reand at the Stock Exchange the only sale was of 50 shares of quirements.
stock of the National Bank of Commerce at 380. In trust
In a recently issued circular by the Connecticut Bankcompany stocks the transactions aggregate only 4 shares. In
ers' Association the proposition is made for the establishment
the "curb" market stock of the National City Bank sold at
in this city of a bank which shall become the collection
675 and of the First National Bank at 750.
agency and perhaps, to a certain extent, the depository of
Last Previous Sale.
Price.
Banks— New lork.
&hare$.
all banks in the country which seek to resist what the circuAug. 1901— 383
*50 Commerce, Nat. Bank of
380
Trust Companies —New York.
lar claims are the extortionate and arbitrary charges for
Aug. 1901— 19"0i4
1940
1 Central Trust Co
check collections now imposed by New York City banks.
250 1*
Aug. 1901— 250
3 North American Trust Co
The capital for such a bank could, it is suggested in the cir* Sale at the Stock Exohange.
cular, be jointly contributed by each of the banks interested
The Knickerbocker Trust Co. opened a new branch on
An institution such as this would, it is claimed,
in the plan.
Tuesday at the corner of Lenox Avenue and One Hundred
be a powerful factor in finance
it would be a source of
which is a rapidly growing resi-
even after the improvement in
its
average, obtained
—
—
and Twenty-fifth
;
Street,
dential and business locality.
The
principal office of this
institution is at the corner of Fifth Avenue and Twentyseventh Street, and it has a branch at No. 66 Broadway. The
latest report of this company shows capital and undivided
profits of $2,397,221, deposits of $29,853,878 and total re-
sources of $32,470,650. The recent issue by this company of
a pamphlet on the subject of trust companies was referred to
in this department August 24.
—The ceremonies
of
S. Stout.
—Edwin Seymour Chapin,
of the Stock
•
— W.
B. Keyser, who was cashier of the National Bank of
Republic
until its merger with the First National Bank,
the
has been appointed Cashier of the Merchants' National Bank
in place of Joseph W. Harriman, who recently resigned.
Exchange firm
of E.
& Co., died on Tuesday in the sixty- sixth year of
Mr. Chapin began his business career as an exchange broker and he was later in the employ of the
special meeting of the stockholders of the Fourth
Bank of Philadelphia on Wednesday resultel
National
Street
in favor of increasing the capital from $1,500,000 to $3,000,As stated in a previous number, 15,000 shares are to
000.
be sold at $200 per share, the premium of $1,500,000 realized
being carried to the existing surplus of $2,000,000. Thus
the bank will have a combined capital and surplus of $6,500,Payment for the shares must be made by October 1.
000.
S. Chapin
The
Mg
that the directors,
age.
:
—The
laying the corner-stone of the new
Stock Exchange building on Broad Street will take place on
Monday next, September 9, at 4:30 p. m. The building committee consists of R. H. Thomas, Rudolph Keppler. J. T.
Atterbury, R. P. Doremus, Ernest Groesbeck, H. G. S.
Noble and Joseph
and the circular says "It would
exact the respect and compel the fair treatment now refused
us by our New York correspondents."
profit to its stockholders,
5 nor
articles
of association
more than
were
now numbering
21."
also
15,
amended
may
to read
be " not less than
September
7,
—An important deal,
cial institutions of
mated.
THE CHRONICLE.
1901.
the consolidation of
two large
finan-
Milwaukee, has practically been consum-
Only the authorization of the stockholders
of the
needed to complete the merger. The Wi«banks interested
consin National, which is to absorb the National Exchange,
is
and all
details for the union of the banks are expected to be completed by November 1. The National Exchange was organized as the Bank of Milwaukee in 1854, with $500,000 capital.
Mr. Frederick Pabst will remain President of the Wisconsin National (whioh has been in operation since 1892),
and J. W. P. Lombard, President of the National Exchange,
and Grant Fitch, Cashier of the latter, are to be Vicewill increase its capital
from
$1, 000, 000 to $1,500,000,
Presidents of the consolidated bank.
175
—
A new Cleveland institution, the Bank of Cleveland, it is
announced, will probably open within the next few weeks.
A number of branches of the bank will be scattered throughout the city. Mr. John Hicks is President of the enterprise,,
which is capitalized at $100, COO, and Joseph Turner, Secreand Treasurer. The stock of the bank is divided among
one hundred shareholders, each being limited to $1, COO of
stock. Loans on commercial paper are also to be restricted,
it is stated, to $1,000 to any one concern.
tury
—The
Cuyahoga Savings
which closed its doors
depositors of the
Company
of Cleveland,
&
in
Banking
May
last*
are to receive a dividend of 10 per cent on their claims.
—The
offices
Company
of the Wisconsin Fidelity, Trust
&
Safe De-
mentioned in our issue of last
will
for
the
present
be located on the first floor of
several
failures
of
financial
the
Saturday,
—In reporting last week
Building.
The
directors include Messrs*
institutions in Cleveland, we stated that more rigid methods the Old Insurance
for the supervision of all banks of that city would shortly be Howard Greene, the President; James K. Ilsley, Second
given consideration by the Clearing House Association. The Vice-President; John M. W. Pratt, Secretary and Treasurer;
subject has already been taken in hand by the Association; in Daniel Wells Jr., Samuel Marshall, Charles F. Ilsley and
fact, Mr. J. J. Sullivan, President of the Central Nat. Bank Frederick Layton.
of Cleveland, and who is chairman of a committee named for
—The annual convention of the Indiana Bankers' Assothe purpose of revising the rules and regulations of the Asso- ciation is scheduled for October 23 and 24. The meeting will
ciation, is quoted as saying that the decision of the Clearing be in Indianapolis. The officers of the association are: PresHouse Asscoiation to make the contemplated changes in the ident, Hugh Dougherty, President of the Studabaker Bank
The committee of which Mr. Sul- of Bluff ton Vice-President, Frank L. Powell, President of
rules is net a recent one.
some time since with this the National Branch Bank of Madison Secretary, Charles
appointed
was
livan is chairman
end in view. The present rules were adopted a dozen years L. Farrell, Assistant Cashier of the Capital National Bank,
ago, and the many changes in banking methods in the in- Indianapolis, and Treasurer, A. G. Lupton, Cashier of the
Mr. Sullivan Blackford County Bank of Hartford City.
terval necessitate more stringent regulations.
expects to have the new rules completed by the end of this
—Possession was recently taken by the Commercial Namonth.
tional Bank of Youngstown of its new offices in the Andrews
We might also state that a meeting of representatives of & Hitchcock Building, corner of Federal Street and Central
various trust companies of Cleveland was held about a week
As the entire first floor is ocsupied by the bank
Square.
ago in the offices of the Western Reserve Trust Company for ample accommodation for the transaction of its business is asthe discussion of the question how to secure legislation best
sured. The decorations and furnishings of the offices are said
A to be most artistic. The institution, which has a capital
adapted for the protection of depositors in State banks.
bill providing for the inspection of State banks in a manner
of $200,000, is under the management of President G. M. Mcsimilar to that of national banks is now being drafted and
Kelvey, Vice-President L. E. Cochran and Mason Evans,
will be introduced in the State Legislature.
Cashier.
posit
of Milwaukee,
;
;
—The Old Town Bank of Baltimore, Md., has been converted into the Old Town National Bank, with a capital of
$200,000. The proposed intention to change to the national
system was recorded in these columns six: months ago.
—The
Illinois State
nual convention at
Bankers' Association will hold
Quincy on October 29 and
30.
its
an-
—Mr. S. P. Walmsley has been made Vice President of the
Louisiana National Bank of New Orleans, succeeding the
late A. Luria.
Mr. R. M. Walmsley is President of the
bank.
—A
change in one of the officials has also been made in
Bank of Augusta, Me. Mr. Lendall Titcomb assumes the Presidency in place of Mr. Oscar Holway.
the First National
—Property adjoining the First National Bank of Grand
— Mr. William W. Supplee has been appointed Acting;
Neb., has been purchased by the institution, and
President
of the Corn Exchange National Bank of Philadelsteps will shortly be taken toward the enlargement of the
present building. Mr. S. N. Wolbach is President and C. F. phia during the absence of President Benjamin Githens.
— N. Wetmore Halsey, for many years associated with N.
Bentley, Cashier.
W. Harris & Co., bankers, and for the past ten years resident
Samuel T. Johnson of Minneapolis has been appointed managing partner at their New York office, has organized a
by Governor Van Sant public bank examiner for the State of firm under the name of N. W. Halsey & Company to conduct
Minnesota, to succeed Gen. E. M. Pope of Mankato. Mr. a general banking business and deal
in railroad bonds and
Johnscn has been in the insurance and investment banking other investment securities.
business in Minnesota for fifteen years, and has a wide
—An increase in the stock of the Commonwealth Title In>acquaintance over the State. His appointment is regarded
surance & Trust Company of Philadelphia from $1,000,000 to
as an excellent one.
$2,000,000 was recently authorized by the stockholders. The
—A new and strong stock- brokerage firm is being organized par value of the stock is $50 per share, but $75 was the sal©
in St. Louis, to begin business this month. Mr. L. Ellis price. Fifty dollars of this amount is to be paid in five inWainwright, President of the St. Louis Brewing Association stalments of $10 each, as follows: September 1 1901, Deand a director of the Kinlcch Telephone Company, will be a cember 1 1901, March 1 1902, June 1 1902 and September 1
leading member in the new firm. Two New York gentlemen, 1902. The by-laws were also amended at the meeting, allowMr. Wm. B. Franklin and Mr. George Ieham Scott (a well- ing any one to hold any number of shares of the company,
known stock and bond broker) will be associated with Mr. restriction having theretofore been made to lawyers, real
Wainwright in the enterprise. A New York office will be estate operators and dealers, who could hold no more than
established on Wall or Pine Street, and branch offices also 150 shares each. The President of the company is Mr. Henry
in Baltimore and Chicago.
M. Dechert; Vice President, Andrew J. Maloney; Secretary
and
Treasurer, William F. Kling; Title Officer, Andrew T„
The Wilmington (N. C.) Chamber of Commerce has
recently issued a handsome little "Souvenir of Wilmington," Kay, and Trust Officer, Charles K. Zug.
—The recent meeting of the stockholders of the Valley
a copy of which lies before up. The "Souvenir" is in the
small
album
of
interesting
shape of a
views of the city and Trust Company of Pittsburg, Pa., was favorable to the insurrounding country and shows a number of the principal crease of the capital from $125,0G0 to $250,000. The newbusiness houses, residences, churches, schools, wharves, etc. shares, however, will not be issued until further action is taken
In addition to the pictures, several pages are devoted to by the board of directors. The officials of the company,
commercial and historical sketches of the city. The officers which, by the way, opened in April last, are
PresideLt,
of the Wilmington Produce Exchange are: Mr. P. Pearsull, John R. Rush; First Vice-President, William R. Kuhn; SecPresident; J. H. Chadbourn Jr., Vice-President, and John L. ond Vicb President, Joseph Keeling, and Secretary and
Cant well, Secretary and Treasurer.
Treasurer, William H. Normecutt.
Island,
—
—
:
THE 0HK0NICL1.
476
—In
MONTHLY
August 10 we stated that a meeting of
the stockholders of the Indian II tad National Bink of Nashua
would be held on August 20, at which would be considered
the question of the reduction of the capital from $120,000 to
otir
issue of
$100,0C0. The proposition has met with the shareholders'
approval. The plan, as will doubtless be recalled, is to replace the old 1,500 shartn of $i0 each with 1,000 shares of
$100 each.
of construction by the
Mercantile Tru^t Company of St. Louis. The property is
located at Eighth and Locust street*, and the work is said
to be progressing rapidly.
—The
directors of the Merchants'
Bank
Mon-
of Canada,
&
Cashave elected Mr. John Cassils, of Messrs. Shaw
leather merchants, Vice-President of the institution, to
treal,
sils,
CUarinv.T^tal
succeed the late Hector Mackenzie.
CLKAitlNOS.
Clsartftfi
All.
1900
"
January
February
10,716,440,803
.
7,843/14 -,2
8,978.4)63,841 •HI'S
4-29-
Marcii
I0.003.18:».7:s;
"
8,118,74 \0')4
7,61; E,
iprll
12.010.428.19::
3,214.996.251
8.667.6
10,119 076,223
2d quar... 34.943,179 464 21,461.421,278
6 months.
•54,021.01*.'..
July
13,153,042,46:
-484
August.
$528,367,685
66,838,608
64.6i2.052
13.210 343
99,877,673
84,903 329
6,1«9,821
+ 18-0
$1,180,120,669
206.017.628
$787,394 510
181,409,762
+4S-5
+13'0
$1,335,138,182
280,103,411
$9c38,804.272
314,142.106
+37-8
+80'8
$1,616,241,6»3
$1,182.946 378
+365
Chloago
St. Louis
Orleans
Seven cities, 6 days
Other olttes, 6 days
Total
all cities, 6
days
All oltles, 1 day
Total
all olttes
for
week
+52-1
+81'6
+26-8
$794,433,737
81.274.W35
68.703,482
16.583,9*8
126,475.888
87,315.720
6.332,901
Philadelphia
Baltimore
New
1900.
1901.
New York
Boston
P. Cent
+87-4
+49 8
+2-d
4-23 4
8.798
4-14-1
8,3X8.'
3.283,7-8.320
2,704.3*6,20
+WB
5,707.
41 247
9
4-214
WW
The course of bank clearings at leading cities of the country
for the month of August and since January 1 in each of the
last four years is shown in the subjoined statement.
1901.
(000,000#
omitted.
*
*
Sew
York...
Boston
Ohloago
Philadelphia
St.
Louis
Pittsburg..
Baltimore...
.
San Fran'oo.
Cincinnati...
Kansas City
Sew Orleans
Louisville...
Minneapolis
Cleveland...
Detroit
Providence..
Milwaukee..
Omaha
Bultalo
Clearing*— ilelurn' bv TeleornpA
WeeK Bniinq Srptimbrr 7
2,"88.l
I9,236.3e6",583 l''6S8.772,84V 4-16
6,256.030.134
9,865.7
737.908 + 22-4
$89,617
7,472,974.151
978,746
June
2.7:i.i,2-9 867
w.266.011.41- +11-0
—
f
8.486 ja$V8BB -10-0
2.736.
29,078.(439,46: 21,701,
May
P.Ot.
*
f.
BANK OLEARINQ8 AT LKADINO
Clearings by Telegraph.— Sales of Stocks, Bonds, &c—
The subjoined table, covering clearings for the current week,
usually appears on the first page of the Chronicle, but on
account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1900 there is an increase in the
aggregate of 36 5 per cent. So far as the individual cities are
concerned, New York exhibits a gain of 52 l per cent, Boston
21-6 per cent, Philadelphia 25 8 per cent, Chicago 27'4 per
cent, Baltimore 180 per cent, St. Louis 498 per cent and New
Orleans 2 6 per cent.
1/ufuU Neio Fork.
1
1
1st qaar.
—A new building U now in course
LXXIll.
ol,
Columbus...
St. Paul
Hartford
Denver
4,930
517
618
449
175
142
86
103
74
80
35
35
August.
1900. 1899.
$
$
3,184 4,358
436
533
341
131
128
74
540
516
378
131
102
85
88
61
81
10
19
18
9
19
58
58
27
33
38
44
38
27
22
25
20
19
17
10
15
48
62
56
26
26
27
25
27
19
72
23
30
42
50
39
23
24
26
21
22
Ol
Ja n.
189S.
*
3,512
445
416
297
107
80
67
65
50
47
24
27
30
35
33
20
20
26
17
15
16
9
12
1901.
a
l
1 to
l:-00
1
5,74'; 83,250
4,888
5,015
9,673
1,463
1,406
4,033
4,498
3,0*7
815
752
658
590
371
309
337
4 69
353
229
209
216
198
215
160
91
150
724
655
533
476
320
287
352
375
285
213
197
208
169
178
157
86
144
Auguat 31.
i.»99
.
1898.
40,804 26,394
4,685 3,464
4,267 3.527
3,200 2,392
1,0 3
1,064
1,078
986
855
607
487
394
278
268
305
332
274
214
184
186
160
166
145
92
107
929
643
600
521
431
369
280
231
262
251
229
169
171
196
133
135
127
84
97
7,619
5.399
6,642
Other cities..
367
308
297
5,360 78,313 52,398 60.030 41,645
236 3,060 2,718 2,872 2,007
Total all...
Ontslde N.Y.
7,986
3,056
5,707
2,523
6,939
2,531
5,596 81,373 55,116 62,432 43,652
2,084 25,627 21,866 21,62-> 17,258
[From our own correspondent,
j
London, Saturday, August 24, 1901.
Business
on the Stock Exchange continues to be as inactive
Our usual monthly detailed statement of transactions on
as ever.
The
city is but thinly attended; everybody who can
the various New York Exchanges is appended. The results
get
away
is holiday-making, and therefore there is not much
for the eight months of 1901 are given below and for purposes
desire to engage in new enterprise.
Besides the check that
of comparison the figures for the corresponding period of
1900 are also presented.
Eight Months, 1900.
Eight Months, 1901.
Description.
Sto^llau:
BR. bonds..
Gov't bonds
Btate bonds
Bank stocks
Par Value
Actual
or Quantity
Value.
202,852,4 S3
Aver'oe Par Value
Price. or Quantiti
Actual
Aver'Qt
Value.
Price.
76,838,170
78-5
$73H7"f9162 $8187938.910 70-4
$781,617,500 $624,163,389 866
$1,604,52* 114-3
$1,403,470
$2,226,900
$784,783 85-2
$124,475
$367,627 296-3
$324,860,800 $262,818,305 808
*5,442,ul0
16,361,185 114-5
$1,61H,100
$l,150,lwl 71*2
$79,650
$164,903 194-6
$19764749175
16513809,684
$-699flfiP122 $5457 -178,49
70-9
$204 c 0121520 16140815.906 78-8
Total.
677,*S0,875
432.925,420 74 9-lOc 714,747,980
632,579,290 74HC.
Grain, bush.
16573711,8261
Total value.
$5991662,784
The volume of transactions in share properties on the New
York Stock Exchange each month since January 1 in 1901
and 1900 is indicated in the following:
NEW TORK 8TOCK EXCHANGE.
SALES OF STOCKS AT
1901.
Month
1900.
Values.
Number
of Shares.
Par.
Values.
Number
of Shares.
Actual.
Par.
Actual
$
.'an
Feb..
March
$
30,285,055 2,911,531,850 2,081,745,275 9,843,716
946.581,437
687,243,018
21,902,822 2,125,937,460 1,678,947.69^
976,723/25 718,677,567
27,030.968! 2,624,011,160 2,097,984,688 I4,446,7s2 1,409,933 650 1,101,018,407
lstqr 79,218,846 7,681.480,450 6,758,877 '61 34,485,890 3,833,238,962 2,606,988,992
April... 41,719,083 4,039,407,800 3.515.023,2-<7 14,772,973 1,434,106,700
977.081,461
May... 35,292,203 3,t40.179,D75 2.683,101.469 9,519,473
June.. 19,793,612 1,930,765 530 1,609,649,86 7,808,637
902,288,900
610,4^1,418
704,924,650
465,082,364
2dqr. 98,806,901
'.4,460,342,925 7,707.7T4,62;
:
l
11,601,133 3,041,830,250 2,042,655,248
6 mos.. 176055746 1712 '.823,375 134664E2.281 88,087,023 ^,874,569.212 4,649,594,235
6.230,493
832,061,498 4.020,651
July.... 18,024,688 1,577,408,460 1,215,378.902
699,842,700
August
898,257,750
10.772,021 1.055.517.S50
401,407,206
236,987,469
The following compilation covers the clearings by months
since January
1.
has been given to trade, the stoppage of speculation in the
United States consequent upon the Northern Pacific "corner," the break- down in Germany, the dispute between
Prance and Turkey and the continuance of operations in
South Africa, all deter the public from parting with the
funds at their disposal,
But while there is a general unwillingness to buy freely
there is undoubtedly a better feeling, and it is growing week by week.
Money is more plentiful and much
cheaper than it has been for a long time. Bankers are more
willing to give accommodation. The coming visit of the
Czar to France makes a very favorable impression all over
Europe; and it i3 looked upon as a guaranty cf peace. In
the first place, everybody expects that It will strengthen the
existing Cabinet in France, which has proved itself to be
both peaceful and statesmanlike; and in the second place, it
will probably be followed by a new Rus-ian loan, and to
make that successful it is obvious that no alarm must be
created in the public nind.
Moreover, there are reports that either before landing in
France, or immediately after leaving that country, the Czar
will have an interview with the German Emperor and with
King Edward. Beyond this the belief is growing every day
that at any moment the resistance of the Boers may break
down. There appears to be no doubt that, with the exception of Ex-President Kruger, the Boer leaders in Europe are
atter ly discouraged, and it is known from the correspondence between the Boers and the Boer chiefs published some
time ago thit the leaders in South Africa would have
wished to surrender long ago. Moreover, the new yeomanry
and constabulary sent out to Lord Kitchener were untrained
and therefore unfi"; for active employment; but it is believed
that they have now been trained and that Lord Kitchener
will be able to employ them vigorously.
September
7,
THE CHRONICLE.
1901.]
beginning to recognize that the wois 1
Only a couple of works
is over.
of serious faUorea
apprehension
less
or
ago there was more
Bank
an J of the weak
Leiiziger
there. The collapse of the
est of the mortgage banks made a great impression abroad
and it was feared that there was much more bad business
than was generally acknowledged. Gradually people are
coming to the conclusion that the worst has been disclosed.
Of course the liquidation will have to go on, but nobody
now fears any serious breakdown. Indeed, the German
banks themselves are recovered so far that during the present week and last week they have been buying bills on a
considerable t cale in London.
For the moment, owing to the holidays, as already said,
there is no inclination to act, but the general impression,
both in London and in Paris, is that the actual arrival of
the Czar in Paris will be the signal for active buying in (hat
city, and the example set by Paris will be followed by London, and that before very long there will be a considerable
increase in business. Even in trade circles proper there is a
much more hopeful feeling than theie was. That trade has
received a very corsiderable check is beycnd doubt, but
there are signs of i ecovery in the iron and steel industries,
and there is an ur questionable recovery in shipping. Furthermore, the railway companies are spending large sums of
money in improving their lines and in attempting to reduce
the cost of operation in many ways; and large expenditures
by the railways must necessarily give a stimulus to trade.
In France, in the meantime, money is almost unusable, and
Lastly, everybody
of the crieis in
is
Germany
go into new enterprise. In
Spain and Italy there is little doing, and In Russia depression continues. All over the Continent, in short, there is an
unusual absence of business.
Money, as already said, is very abundant and cheap. For
fully a week the outside market has been free from debt to
the Bank of England. The large inflow of gold from abroad,
chiefly from India, South Africa and Australia, has not only
strengthened the Bank's reserve but has also supplied the
Moreover, the
outside market with much needed funds.
Government expenditure has been very liberal, and consequently rates have fallen. The French banks have been
buying steiling bills upon a very large scale. The bills
which they hold largely consist of paper maturing during
August and September, as three or four months ago it was
anticipated that rates would be very much higher in those
two months than as yet they have proved to be. The French
banks have not been able very easily to replace the bills that
fell due, and their eagerness to secure such is making discount quotations very easy. The German banks, which had
been doing very little for a long time, have, during the past
week or ten days, likewise been buying, and other Continental banks have been buying on a moderate scale.
So keen, indeed, is the French demand for sterling bills
yet there
is
no inclination
send so much money to London that the market here would
break down and that ultimately the command by the French
banks of the London market might lead to inconvenience;
but the directors of the Bank of England have made no
change. Partly, no doubt, they have been influenced by the
fear that as the crops all over Europe are short this year,
a very large amount of gold may have to be sent to the
United States to pay for wheat. Partly, also, they have
probably been influenced by the fear that the demand for
money to move the crops in the United States will cause
rates to riee very sharply next month and the month after,
and that therefore there may set in an early drain of gold
from Europe to New York. At all events, the directors of
the Bank of England have thought it wiser to do nothing
this week, and the general feeling in the market is that they
were right
in their decision.
now seems
ard the applications
The whole amount offered was disp<
of at prices ranging from Is. 3 31-32d. to la. 11. per rupee.
Later in the day the Council sold by private contract a
email amount at Is. 4d. pfr rupee. In consequence of this
Wednesday
probable, for the accumulation of unemployed
in Paris is so great that a considerable
it
offered for tendi.-r 20 lacs,
exceeded 426
lacp.
demand the Council has raised the amount to be offered for
tender next week to 25 lacs.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.
1901.
Aug.
;lroalatlOD
fabllo deposit!
Jtherdeposlts
iovernment securities
isw.
Aug. 23
1900.
Aug.
21.
22.
vats
r.
2*.
*
B
M
M
29.78H.8C0
U.021.HW4
42,267,k85
I6.»8i.6is
26.71H.918
29 917,475
28.262.345
7.8S7.-7W
40.14S.9H5
27.750,840
10 402.407
41, 151.705
1H.837.5S'J
H.I'rfrf.Tli
41.5i8.0TJ
i3.yow.654
29.8-8.166
24,114.5.2
86,0r 5.348
1m,o:*.>-58
29.5H0 201
2"U»S7 950
Other securities
2.\067,!i*6
21212924
23,^77.059
ieserve of notes and ooln
oin& bullion, both departui'ts 39,071,185 83,355.399 35,0.19.404
41
62
43 15-16
Crop, reserve to liabilities, p. o.
4
percent.
3
Sank rate
k
106 3-16
94 11-16
98 7-16
:onsols, 29< per cent
silver
28J^d.
27ka
27kd.
179.196.o00 117,374.000 167,481,000
"learine-Honse returns
2<*
110 13-16
12-16(3.
27
I81.7i8.ooo
The Bank rate of discount and open market rates
have been as follows:
at the
ohief Continental cities
Aug .23.
Interest at
Bank
Aug
Rate.
Open
Market
3
2 1-16
Rate.
m
m
3
3
4
4
m
4
St. Petersburg..
5«
Madrid
Copenhagen.
4
4
5«
3k
5
5
6
..
X
i
5
03
July
Auk.
Bank
S Months.
87 3
296
8 3
2H
10 3
2 7-18
"
17 3
2k
"
84 3
•
m
81-16
2M
2M
2%
3
3
2H
SH
4
6
8
Messrs. Pixley
ust 22
3
3*
8k
3k
2%
3
3
2»
2%
3%
214
3k
6*
3*
6
5
nom.
Sk
5
Interest allovsd
for deposits bv
lrade
6 Months.
SMos.
3
Bills,
Joint Dia't H't.
Stock At 7-14
Ik
Ik
Ik
lk
lk
~3@8k
3k@8%
2%@3
8@3M
2 9-16
8 7-16
3 1.16
8 15-16
234@8
3
3
BM
?k@2* ?&@3
3
Days
4 Mas. Bankti Call
2H
*H
m
8-16@2M
3
as follows:
Bills.
Months.
4
2.
4
nom.
3k
5
.
Open Bank
Open
Market Rate. Market
Btt
&k
AVj
9.
Open Market Rates.
a
London.
3
nom.
The rates for money have been
V
Rate.
2k
2*
2«
2%
s«
3k
3
3
nom.
Bank
Open
Market
3k
3k
3k
2%
2%
2%
Aug.
16.
3
m
2%
3k
Berlin
Bank
.
& Abell write as follows undsr
IH
lk
lk
IM
1H
IK
lk
1«
date of Aug-
:
Gold— The arrivals ot the week at the Bank of England total £633,000, of which £420,000 is in barsfor the Indian Currenoy Department.
The other arrivals in the open market have been readily sold for
Vienna, and there has been a fair Inquiry also for India. There is
some probability that the Bank will shortly reduce the buying price.
Arrivals: Bombay, £568,000; West Indies. £22,000: Australia. £l>-3,000; total, £773,000. Shipments: Bombay, £25,000; Caloutta, £10,000; total, £35,01 0.
Silver- Sundry orders, both for the East and for special requirements, combined with a very poorly supplied market, caused the
price to Improve daily until 27isd. was touched. At this level eome
amounts of silver were sold in India, and the prioe has since receded.
New York sold sparingly during the rise, but then offered more than
the market could take. The closing rate is 27d„ dull, for spot, and
the same price, but with better demand, for forward delivery. The
Indian rate from Bombay is Rs, 69'' 16 being ^m down since yesterday. Arrivals: New York, £139,000; West Indies, £11,000; Australia, £3,000; total, £153,000. Shipments; Bombay, £97,100; Caloutta,
.
£2\000; total, £127,100.
Mexloan Dollars—Transactions have taken place at improving rates,
owing to the higher market for silver, but the price is now weaker
and clotes at 267 16 d. nominal.
The quotations for bullion are reported as follows:
GOLD.
London Standard.
Aug.
22.
h.
Bar gold, fine
oz.
0. S. gold ooln...oz.
ierui'n gold ooln.oz.
Prenoh gold ooln.os.
rapanese yen....oz.
77
76
76
76
76
15.
d.
«.
9k
77
76
76
76
76
4
5
5
4
d.
Aug. Aug.
SILVER.
Aug.
|
London Standard.
22.
d.
d.
1
1
9k Bar silver, fine. oz 27
Do 2 mo. delivery 87
4
. .
5
5
4
15.
Bar silver, contain' k
do 5 grs. gold.oz. 27k
do 4 grs. gold.oz.
do 3 grs. gold.oz. i7k
26:3 18
26 7e
27S 18
•27
k
|26i5ia
oz 29* 2615 16
Cake silver
Mexloan dollars. oz 26- ltl 27k
The following shows the imports of cereal produoe into the
United Kingdom during the fifty-one weeks of the season
compared with previous seasons:
Nominal.
If the Czar's visit to France is followed by a large loan,
the French money market may be affected and rates may
rise sharply.
It does not seem probable, however, that this
will happen unlets the payments for wheat and other commodities should have proved to be very much larger than
money
r
hension is felt in Europe, everybody anticipatn « th*t Turkey will give way. Still, if the dispute were to become bitter, it would necessarily affect the money market, and therefore it was prudent of the directors of the Bank of E
to make no change for the pment.
Meanwhile, money is growing in ('emand in India, ar.d the
India Council is disposing of its bills vory s;itibf,ictoiily. On
to
that many people expected a reduction of its rate of discount
by the Bank of England this week. They argue that if the
3-per cent rate was maintained, the French banks would
7
1
amount might
be lent to Russia without very materially affecting the rates.
Respecting the dispute between France and Turkey, no appre-
IMPOSTS.
1900-01.
tmp'ts of wheat, OWt 69,200.900
Barley
19,369,000
Oats
22,7? 3.900
Peas
2,362.230
Beans
1.778,340
Indian oorn
63.914,000
Flour
22,552,500
1897-98.
1898-99.
1899-00.
62,749,400 63.779.150 64.630,510
14,911.200 22,516,143 19.926.104
20,380,200 14,803.820 14.919,990
2,838.415
2,295,550
2,471.390
2.U8.680
2,101,770
1,560,720
56,051,700 55,676,360 52,403,700
22,156,800 22,120,805 19,526,670
THE CHRONICLE.
478
Supplies available for consumption (exoluslve of stocks on
September
Imports and Exports fob the
the importe at
1897-98.
64,630,510
19.526,670
23,423,555
1898-99.
1899-O0
1900-01.
22,652,500 22,156,800 22.120,805
Import* of flour
Bales of home-grown. 23,260,000 31,191,345 33,775,019
FOREIGN IMPORTS.
97,590,785
115,013,400 116,097,545 119.674,974
TotaJ
24s. 7d.
28s. lOd.
A.ver.prloewheat,week.27s. 4d.
26s. Id.
26s. 3d.
Average prloe, season. 27s. Id.
7d.
3d.
32s.
36s.
For week.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Flour, equal
Maize
qrs. ) 9 Q - n ono
2 9 ,0 000
to qrs. J '
qrs... 920,000
i
'
t
210,000
69i,000
835,000
Marketa— I»er
Engllafe Financial
Sliver, per
Mon.
Sat.
Tuet.
ounce
d.
,
For account
27
27
27
xMijc
945a
94i»i<j x94:'jo
Anaconda Mining
9°B
Atoh. Top. & Santa Fe.. 82'8
lOlifl
Preferred
Baltimore & Ohio
Preferred
107%
93i'-'
9b 1*10
16
St. Paul... 173
48
Or., com...
do Preferred. 97ifl
4578
74*8
2d preferred
$9,533,967
17.218,819
V71.273.034
302,194,911
881,931.709
282,084,750
•70,018.407
274.393,525
*64,231,7S7
226,772,335
weeks f373.467.945 364,019.459 • 344,401,982 8291,004,122
of dry goods for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Sept. 2, and from January 1 to date.
60ifl
150Vj
Louisville <te Nashville., 109*8
26^3
Mexican Central
Mexioan N atlonal
Mo. Kan. & Tex., com..
95s
81»8
lol
80 k
101
107%
107%
96%
117k
10m
108
107*8
97ia
II6I4
mm
291*
29 n 8
54ia
159ia
Pennsylvania...
,
*Phila. ARead
'Phila. & Read.,lst pref
Read.. 2d pref.
•Phlla.
Southern Paolflo
&
,
Bouth'n Railway, com.
Preferred
28%
28%
62°8
34*8
62ia
34*8
90*8
105ia
92i«
47ia
2316
91
98
24
231*8
43 J*
67 *s
preferred
Deb. "B"
43%
25
172
98k
74%
60k
74
150
107%
108*8
107%
13ia
27
14 14
3J
57i«
31k
26k
13%
31k
59
59
157k
158ia
37*8
159
9238
101i«
92ia
37k
5&k
92k
101k
101k
75
75
22*8
39ia
28i*
S9k
75k
22%
39k
58k
22%
343s
91
10518
6138
34*8
90%
91
103%
101k
92
47 k
98
91
46H
97%
91k
47k
98k
23»s
43ia
23ia
43 ia
67 1«
67H
43k
•5,947,016
309,626,875
of
31
In
EXPORTS AND IMPORTS OF SPECIE AT NEW TORK.
Importe.
Exports.
Gold.
Since Jan. 1
Week.
West Indies.........
ill
other countries.
Total 1901
Total 1900
Total 1899
23%
42%
*
11.490
2,505
829,205,781
47,145,004
25,803,242
\.
$871
204,208
9
130.342
14 037
10,645
5,020
869.529
306,278
565,143
62,564
$160,044
31,761
415,912
$2,008,593
1,620,087
9,200,670
Exports.
67
Since J an.
Week.
$1,764,851
18,209,788
7,384,567
661,832
40,668
30,515
1.114,000
9
Import*.
Silver.
Week.
*
$7,414,323
293,987,4b0
The following table shows the exports and imports
New York for the week ending Aug.
and since Jan. 1, 1901, and for the corresponding periods
1900 and 1899.
465a
97*8
67 k
$8,287,481
354,622,070
1898.
ipeoie at the port of
91
103
91
23 k
88,816,992
342,021,555
1899.
time to time adjust the totals by adding to or deduotlng from the
amount "previously reported."
2-%
60k
34k
28%
60 1*
34*8
1900.
weeks J350.838.547 8362.909,551 8300.401,783 $314,573,891
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
60%
150%
37
57 14
28%
61%
453e
59
150
26
23ie
39*8
46
1901.
Total 35
169%
50k
98k
5lia
7H
For the week.
Prev. reported
48%
26k
48%
443s
731a
58ia
101 13
75ia
117&B
100
29k
lOlk
115ia
4838
51
60ia
150ia
109i8
26ia
12ia
92
96%
171
9818
45>4
58%
40
,
173
49
58*8
91ia
97
24
23>a
38k
76
Preferred
x92"a
U. 8. Steel Corp., com.. 4738
Do
do
pref.
97'e
Wabash
.ai
75*4
23*8
39*8
xl05%
Union Paolflo
49
169
38i8
do
ICOMj
I0ti%
74 »a
12ifl
pref. 92
Paolflo, pref. 101 ia
9k
938
101%
EXPORTS FROM NEW TORK FOR THE WEEK.
70*8
71
71
80 »a
109*8
58ifl
Preferred
N. Y. Cent'l & Hudson., 159i«
N. Y. Ontario & West'n 38
58ia
Norfolk & Western.
10190
93%
9»a
46
75
61
151
Illinois Central
Do
Do
16,563,791
931*10 93i*ie
0l-92*a 01-87 *a
81%
231*
I73ia
51»e
101»8
&
Erie, common
1st preferred
Northern
19,200,175
1.
The imports
261&10
9&8
116*6
493e
A Rio
Do
Total
Since Jan.
In
Fri.
82%
97*3
U6»8
Canadian Paolflo
49
Chesapeake & Ohio
Chioa. Great Western.. 23>«
27
27
93n 16 93%
Fr'oh rentes (In Paris) fr 01871a 02-17 H 102-10
71i«
7118
703s
Do
$1,789,787
6,429,032
Total 35
Thurt.
93i'ii 6
Spanish 4s
Den.
•2.146,773
7,387,194
apeoie)
Console. new, 2\ p. ots.
Ohio. Mil.
Wed.
Oen'l mer'dise
$1,825,156
4,738,635
Ory Goods
The daily closing quotations for securities, etc, at London
are reported by oable as follows for the week ending Sept. 6.
London.
1898.
•2.141,852
7,058,323
Oen'l mer'dise
Ci ible.
1899.
1900.
1901.
Dry Goods...
1899.
2,060,000
34.\000
860,000
1900.
2,120,000
Last week.
2.724,000
316,000
This week.
Wheat
Week.— The
following are
New York for the week ending for dry goods
Aug. 29 and for the week ending for general merchandise
Aug. 30; also totals since beginning first week January.
1):
Wheat Imported, owt. 63,200,900 62,749,400 63,779,150
[Vol. LXXIII.
Since Jan.
Week.
1.
SineeJan.l.
Prloe per share
Qtommzvcial and 3^tsjCjeHaue0ttsSewf
National Banks. —The following information regarding
national banks
is
West Indies
4.11
from the Treasury Department.
August 26
to
August
other countries.
Total 1901
Total 1900
Total 1899
NATIONAL BANKS ORGANIZED.
Certificates Issued
$1,183,600 $31,875,186
697.495
2,220
570
248,347
21,250
1.016
30.
5,945— The Rldgeway National Bank. Rldeeway. Pennsylvania. Capital, $100,000. John Curry, President. William PostlethwaiC
Cashier.
Citizens' National Bank of Woonsocket, South Dakota.
Capital. $25,000. Noah Keller, President;
Cashiei;
H. Allen, Assistant Oash:er.
5,947— Dairymen's National Bank of eheboyan Falls, Wisconsin. Capital. $2?,000. Jno. E. Thomas, President; Stedman Thomas,
Cashier.
,
5,948—The West Alexander National Bank, West Alexander, Pennsylvanla. Capital, $25,000. Edward M.Atkinson, President;
Cashier.
5949— The First National Bank of Thermopolis, Wyoming. Capital,
$25,000. E Amorettf. President; Ira E. Jones. Oas-hier.
5950— Thu Farmer.-' National Bank of Wapanucka. Indian Terri'ory
Capital, $26,000.
R. E. Wade. President; C. H. Griffith,
.
,
Cashier.
5961—The First National
ital,
$25,000.
Bank
8.
of Sapulpa, Indian Territory. Cap
Parmenter, President; W. S. Bunting
'
Cashier.
5952— The Baxter National Bank
of Baxter Springs, Kansas. Capital
$25,000. F. 8. Hall, President; E C. Gaines. Cashier. Conversion of Traders' Bank of Baxter Springs, Kansas.
5,953— The Farmers' & Merchants' National Bank of Crockett
Texas. Capital, $50,100.
,
President; Arch
Baker, Cashier.
5,954— The Kirst National Bxnk of Hobart. Oklahoma Territory
Capital, $25,000. Edwin T Letson, President; F. E. Hovey'
Cas-hier. Conversion of The Bank of Hobart.
5,955—The First National Bank of Chelsea, Indian Territory. Capital
$25,000. N. B. Danrenburg. President;
Cashier.
5,956— The People's National Bank of Monessen. Pennsylvania. ICapi'
tal, $50,000. John Irons, President; B. F. Taylor, Cashier.
,
CORPORATE EXISTENCE OF NATIONAL BANKS EXTENDED.
2,593— The People's National Bank of McMinnvllle, Tennessee,
clone or business August 25, 1921.
2,560-The Farmers' National Bank of Cynthiana, Kentucky,
olose of business August 29. 1921.
2,558— The First National Bauk of Greensburg, Pennsylvania,
1I08H of business August 31. 1921.
2,599— Tli e First National Bank of Wallingford, Connecticut
close of business August 31, 1921.
•53.218
475.835
175.361
$2,485,608
3,291,456
2,646.222
2,491
$1,184,170 $32,843,005
941.710 34.V 15.205
526.721 31.43.S.350
Of the above imports for the week in 1901, $63,217 were
American gold coin and $1,989 American silver coin.
5,946— The
W
2.058
51.160
$25,283
4,720
223
208,151
1,825,101
388.238
33,892
9
—
Treasury Currency Holdings. The following compilabased on official Government statements, indicates the
tion,
currency holdings of the Treasury on the 1st of June, July,
August and September 1901. For statement for corresponding dates last year see Chronicle of Nov. 10, 1900, page 947.
TREASDRT NET HOLDINGS.
June 1. 1901. July 1, 1901. Aug. 1.
Holdinos in Sub-Treaturietxet goldcoin and bullion
844.432,246
Netsilver coin and bullioD
21,420,810
$
248.605.7P4
26,423,181
242,755
1901. Sept.l. 1901.
t
24U.K66.838
26.140,767
118,095
13.h60.817
9,261,181
10.314,*23
258.455,786
23,669,636
1?2.683
12.706,3f2
9.645.840
10,520,157
309.636.015
101.9el.836
315.029.394
K'3,035,t34
Net 0.8. Treasury notes.
SetleRal-tender notes
Set national bank notes
Net fractional silver
10.553.U2
Cash in Sub-Treasuries
Ainountln national banks
286,951,249
101,760,225
807,810.600
banks &sub-treas. £98,711,474
40J,3<7,5 4
82,474,449
41I,f97,351
84,228.474
41^065.228
liabilities»... 86,373,005
812.338.4P9
150,000,000
328.834,125
160.000.t00
887,368.877
150,000,000
329,971,366
150,000,000
16i.838.469
176.8S3.126
177,363,877
179,971,353
Cash
In
Deduct current
Gold reserve fund.
Available cash balance.
»
100,716
12.197.634
8,240,741
14,21-, 003
8,615.685
10.790.2J2
101,46,974
-
88,093,872
"Chiefly disbursing officers' balances."
—
until
Government Revenue and Expenditures. Through the
oourtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
and disbursements for the month of August.
receipts
From previous returns we obtain the figures for previous
months, and in that manner complete the statement for the
eight months of the calendar years 1901 and 1901. For state-
until
ment of July
unti 1
until
1901, see
Chronicle, August
for that of August, 1900, see November
17. 1901,
10, 1900,
page
page 321;
947.
September
7,
THE CHRONICLE.
1901.
KECKIPT8 AND DISBIJRS KM ENTS
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*"'
added to the Receipts as indicated therein. We have deducted this item, as it does not belong to the regular income
account, and if included would disturb the comparison with
former and future vears.
Reports of Non Member Banks.— The following Is the
•tatement of oondition of the non-member banks for the
week ending Aug. 31, based on averages of the daily result.
We omit two ciphers fOO ) in ad cases
BANKS.
°tT
Sur-
Loan* A.
plus.
Invest-
ment*.
Net
Other Devout,
Notes. Agent. Bke.Ac
4Bk.
OUar'g
Niw York City
Borough 0}
Manhattan,
Colonial
Colombia
Eleventh Ward...
Fourteenth Htreet.
Oannevoort
Hamilton
Mount
Morris...
Mutual
Nineteenth Ward.
Plaza
Riverside
8Ute
Twelfth Ward...
Twentythlrd W*d.
Onion square
TorkvUle
Washington
Fidelity
Vartok
JeCerson
Century
Nat. Commercial..
t
9
I
100,0
300,0
100,0
100,0
200,0
200,0
250,0
200,u
200.U
100,0
100,0
100.0
200,0
100,0
200,0
100,0
100,0
300,0
100,0
200,0
100,0
300,0
1626,3
88,2
2652,0 112,0
60,2
1144,6
66,1
72,9 1289,6
9,8
21,7 1313,3
85,6
100,3 1437.5
22-.
67,1
3 8 148,2
161,1 1401,6
26.8
22,8
136,8 1879,2
213,8 23150 116,0
125,1 1032,5
14.4
273,5 3718.0 242,0
24,0
82,2 1213,6
48,2
74,9 1016,1
46,1
363,6 2459,3
209,1 1497.8
47,7
10,0
689,f!
26,4
434,6
94,5
7,3
12,(i
63,6
839,3
4,1
61,9
573,4
6,V
63,9
164.9
41,0
18,0
646.1
160,0
100,0
300,0
100,0
100,0
160,0
262,0
600,0
100,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
100,0
100,0
i00,0
117,8 1208.1
179,9 1620,8
163,8 1091.8
37,4
868.0
70,6
710,3
64,4
705,4
428,2 2666,0
356,1 8934.8
185,9
978,6
20,7
668.3
615,0 3678,0
564,3 2839,0
142,0
805,7
132,7
936.4
72,8
568.2
237,5
887,0
66,8
614.1
64,4
C5I.5
66,6
769,0
138,8
8,1
209,3
123,0
•
141,6
96,0
49,4
44,8
76,4
97.8
83 3
112,2
133.0
117.0
66,8
120,0
168,0
100.9
229,1
102.6
41,7
26.6
69,2
49,3
21,0
8.3
t
238,6
213,0
207,6
179,9
107,3
96.3
292,3
228,8
303,0
212.0
66,1
84,0
198,0
78,2
177.8
•
18210
8,0
26,0
6.6
5J.0
62,1
41,8
200
173,0
2734
1367 9
1406 e
1322
1644 8
2843,6
1523 8
1810 6
Bedford
Broadway
Fifth
Avenue
Kings County
Manufacfrs' Nat'l.
Mechanics
Meoh's' & Traders'
Merchants'
Nassau National..
National City
North Bide
Peop'es
Seventeenth Ward
Bprague National.
Twenty-sixth W'd.
Union
Wallabout
Borough of
Richmond.
Bank
14,9
11,6
63,9
6,5
83,e
35,4
335,6
145.7
17,6
172.3
69,7
6.1
60,0
2MV-
9,2
30.0
262,0
46,2
40,2
39,7
1218 2
2691 1
ia"e
6,4
1372,2
669 4
337,6
92,4
108,3
40,8
41,4
„°' 4
868 3
26,8
602.9
8'6,8
840 8
118,1
318.2
107,7
89.6
67,6
85,1
398,1
347,4
70,0
69,2
689,0
446.0
35,7
136,6
1845,6
1738.2
1047.6
80,0
97,0
169,0
83 4
784
"62
16
878 8
13,6
65,8
669.8
765.1
12 5
4282,6
932
887,8
3852,0
3234,0
48,1
847
10,6
25,0
40,6
49.1
6.2
66,6
34,2
17,>
40,6
26.8
20,0
90,6
73.5
42.f
34.1
701.2
733,3
631.1
216,4
6959.4
1832.4
20.9
81 8
1021 1
1018,0
1802.8
5,1
711,0
18,9
63,8
33,8
29.8
961,2
172,8
167,0
302.8
140,4
36,4
Western
1st Nat., B'klyn.
Y. Prod. Ex..
.V.
NewAmsterdani
aide ik Leather.
all cases.
Loam.
$
2,084,0
2,192,4
1,105,6
2,274,9
3.153,1
'
Specie
Leoali.
D^osits ,'£.
$
•
2.621.0
1,888,0
2,037,0
1.7MH.7
1,048,0
2,742,7
289.0
•
P.
17,832,0
2H '<:h3,U »81
15.668,0 24 2
14 8;6,0 216
21. or 6.4 24
4 H23." 24 «
132.604.8 26 4
2 i, 100,1 28 7
5.2-11,1 24'3
7,686,3 26 6
1.091.6 25 M
2,861,0 19 1
886.8 .7 9
4.576,6 84*1
4.109,2 it 8
25.560,0 281
64.460.1 240
6,407,0 24 6
11,432,9 25 7
8.177,6 l»0
6,174,6 24 5
2.773.6 28 6
13.746,0 24 8
65.699,1 27
4,457,0 24 5
8,666,6 26 3
8,368.8 214
6.282,6 25'0
4 580.0 24 5
27.300,0 24
2.017,0 22 1
23.000,0 26 6
85,814,0 287
•
18,226.0
21 .8(i().ci
9.1.SD.0
1.9X ( 6
13.806,1
14 671,0 2,108,0
tl
2,4
19,8>'o 4
243,8
896,0
4.928.0
6,170,7 117,638.3 28,466.4
4,642.3
6,942,6 24.162
244,0
4.862.8
779,3
1,998,8
9.182,6 1.076,3
73,4
220,3
1,074,1
283,0
126,6
2,638.0
102,7
986.4
178,3
600,6
4.252.4 l,89(',b
:1j3,9
626,9
4.341 5
8,233.0 30,171,0 4.869,0
6,768,7 78,817,3 8,484.6
972,7
1,669,1
6,166,5
1.297,7 18.684,8 3.111.7
216.0
603,6
2,775,8
990,6
688,9
6,134.1
:<4i).7
186.2
2,166.4
1.023,1 18,019,0 2.072,0
6,484,9 49,678,9 8,961,2
449,2
623.6
4.300,0
676,0
3.168,0
371,0
467,2
280,9
2,918,8
826,7
6,101,6
986,7
864,2
219,2
3,892,6
1,763,8 33.130,0 4,603.0
172.2
412,6
2.144,0
6,046,8 24,314,0 4,823.0
3,863,6 51.460,0 15.385,0
191,4
153,1
1,343,9
8,000,0i 2,477,5 23.676,7
3.188,0
626,6 10,955,0 2 664,0
1,000,0
978,6
9,588,0 1.632,0
300,0
2.24'',
260,0
77,3
760,0
17,244,0
81.448.4
10,000,011101*6,8
762,8
124,6
3,895,?
300,0
340,0
729,2
3,038,0
250,0
756,2
4,003.8
200,0
597,4
608,2
395,6
3,4 S3 2
750,0
1,000,0' 2,513,4 43,152,9 11,314.9
9,34 3,6 2,408,2
100,0 1,362,3
248.8
2,282,7
582,5
200,0
409,4
837,2
3,030,8
200,0
300,0i
994,4 13.132,6 1,341,9
8,822,2 1,370,4
1,000,01 1,158,2
396,9
367,8
2,179,4
200,0
6 907,0
3
1,236,2
1,076
300,0
448,0
446,1
3.588,0
200,01
944,8 13,150,0 1,685,0
600,0
2,100,0 2,287,6 38,998,3 9,406,0
4,377.0
626,0
518,7
300,0
729,9
7,076,9 1,444,5
600,0i
1,000,0
250,0
350,0
600,0
402,8
668,3
417,9
365,3
.
4,664 t
7,105,8
4.164,0
2,894,6
.
6.6:18,7
3.880,0
603,8
874,4
61.6
246,0
138,2
173,2
338,8
2,320.0
7,004.3
861.1
1.810,0
418.6
929.6
609.8
1,321,8
6,090,2
472,6
226,8
251.0.
748,3
268.6
2,063
275.0
1.277,0
3.623.0
196,4
8,333,9
1.878.0
1,088,"
1.478.5
10,4560 25
251 5
2,341,0
81,800. 3
4,071,4
3,150
4.487.4
3.377.H
62.289.5
10,803,2
3,088.0
4,647.0
15,893,4
6,684,6
2.229,8
623 9
7,554,9
336,0i
3.028.0
2,43 ),0| 15.899,0
2.785.2' 46,766,4
942.0
4,979,0
7.301.0
625.0
334.8
4,640,2
8,423,2
606,4
4,160,4.
215,8
71.8
2.194.8
3.178,7
363,0
288,0
373.1
271,8
2,104,7
316,1
794.7
626,8
3.882,1
229,4
162,2
918,0
1,683,3
836.4
481,6
263
35,151,3 25 9
14,270,0 278
218
252
27 4
200
24 9
260
25'7
256
337
223
258
24
24 8
232
268
258
280
3l'4
28 9
27
24-8
25-3
25 1
81.722,7 96,061,7 885186,6 1767914 77.159,0 968,121,91 36-3
Total
New York City, Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
The New York figures do not include resu'tsfcr the nonmemter
banks.
Capital <t
Surplus.
Loans.
"
81..
Phtla.*
Aug. 17..
" 34..
"
Deposit*. 1
CircTr.
9
$
$
79,202,7
77,868,1
77,258,9
77,159,0
965,381,0
964.829.
868,149,6
988,121,8
30,553,2
29,039,0
29.007.H
30.097 4
Oleannj$.
~9~
11480084
10286059
964.503 1
11258335
8 018,0 201,972.0; 8,057,0 117.042,4
7,923.0 209.507.1 8.060
114,937.2
100,164 3
7,503,0 206,897,0 6,0 4
67,632,9 191,798,013.970,0
88,716,3 169,334,0
38,715,3 169,861,01
38,716,3 17', 365,01
81..
Legal*.
Specie.
N. Y.»
9
9
9
Aug. 10.. 180.588,3 886,456.6 1830955
"
17.. 177,784,4 884,810,3 1817111
"
24.. 177,784.4 887,837,41829286
"
31.. 177,784,4 885,186,6 1767914
Boa.'
Aug. 17.. 67,632,9 191,705,014,099,0
" 24.. 57,632,9 191,663,013,997,0
197,878,0
199.83H.I
52,059,0
66,783,0
60,403.0
*07.8a2
We omit two ciphers in all these figures.
Including for Boston and Philadelphia the Item
(
9.806,0 102.785,8
9,850,0 127,229,6
9,816,0 89,219,7
due to other banks.
Anction Sales.—By Messrs. Adrian H. Muller
1
15 Great Eastern Casualty
& Indemnity
100
Co
100 WestchenterFlre Ins.Co.360
1 Membership Adirondack
League Club
$soo
eo Westchester Trust Co... 140
2 Central Trust Co
1940
27
Bonds.
$2,000 KnlokerbookerSteam31
boat Co. let bs, 1911
29
Ifttiattctal.
Trask
BANKERS,
PINE STREET,
&
...
Co.,
-
NEW YOBS
Transact a general banking business; act as Fiscal
Assents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
1150
631.8
727.2
760,3
Totals Aug. 31- 8262,0 8969,7 69910,13045 4 3983,6 8341
2617.9 75P34.2
Totals Aug. 24 8262,0 8959,7!700-t8,4j3011.8 3944.9 8072,9 2818,0 76251.7
Totals Aug. 17. H5262.0 8959,7i69924.6 3008,8 3942,1 8C5J.3 2642,0 76386,9
&
:
2 North Amer. Trust Co... 250^
1
95 Mom and Light Co
101
100 Century Realty Co
ganMtijs attd
Spencer
& Son
Stock s
Slocks.
1
934.8
504.0
10,0
27.C
61,9
19,9
226.4
67,4
of Metrop.
31196
12,1-
400,0 911,2 4968 5 801,3
260,1) 695,6 2076.7
67.9
o-,l
260,0 317,2 1210,7
928.4
200,0 241,6
36,1
110,0 473,5 2069.7 112,2
126,0 110,8
865.0
29.2
(00 ) in
tiro cii>hern
of
based on average of
'61,
1/136
59.4
Other Cititi.
1st Nat., Jer. City
Hud. Co. Nat., J.C.
3d Nat., Jer. City.
3d Nat., Jer. City..
1st Nat., Hoboken.
3d Nat., Hoboken
Bank
t
39,1
103,0
iarneld
Fifth
*
65.6
390,0
65,7
67,8
52,0
7,6
26,0
loo.o
598.6
748,6
2n,l
29,4
151,8
179.0
112,0
of Staten Is)
1st Nat., H tat en Is]
60,9
89,2
93.7
118,0
86,4
84,«
-rormanla
Lincoln.
1059 8
3881
Boro'h 0} Brooklyn.
Brooklyn
Eighth Ward
Fifth Avenge...
2468.li
104,0
77,0
46.9
N. Y. County....
aerman Amerl..
Ohase
banks.
Leo. T. Deposit, wit).
Specie
N.Y. Nat'l Exch.
*
To make the figures conform to the Government statee
ment, the amount mentioned in above foot-note should be
(00i omitted.)
Second
Ninth
German Exoh...
i
\
Central
Bowery
25&z.2a..2
)
2,000,0
2,050,0
2.000,0
2,000,0
•h eohanloa'
1,600,0
Mnerloa
1,000,0
Phanlx
10,000,0
City
300,0
hemloal
600,0
Merchants' Ex..
1,000,0
JalUtlu
300,0
Hutch. <ft Drov's'
400,0
Mech.A Traders'
200,0.
jlineuwloh
600,0
Leather MTrs..
1,200,0
Stat* of N. T...
6.000,0
American Exoh.
10,000,0
Commeroo
1,000,0
Broadway
1,000,0
Mercantile
422,7
Pacific
450,0
'hat ham
200,0
People's
1,000,0
North America
3.000,0
500,0
600,0
OlUaens'
600,0
Nassau
900,0
Uarketcfc Fulton
Shoe A Leather 1,000,0
Corn Exchange.. 1,400,0
300,0
Oriental
Imp't'rs'ATrad. 1,600,0
2,000,0
Park
250,0
Kast River
fourth
S-"
a Deducted fr m Februarv, "Miscellaneous" 1901
Received on account of Central Pacinc Indeb'edness
• Deducted from March, " miscellaneous" 19H
Received on account of Central Pacific Indebtedness
t Deducted fr< m June, "Miscellaneous'* 1901
Received from sale of claim against Sioux City & Pacinc
b Deducted from Julv "Miscellaneous" 190"
Received on account Central Pacific indebtedness
t Deducted from Kebruary, "Miscellaneous" 1900
Received on account Central Pacific indebtedness
•
Hank of N. Y...
Manhattan Co..
UerchauU'
.
CM
c
a
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on
tVi
31
omit
Capital Surplus
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condition for the week ending Ang.
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1
479
INVESTMENT SECURITIES
llrinch Oillce. 07 State m..
Members N. Y Stock Exchange.
Alexander M. White
George Barclat Moffat.
Moffat
Albany
&
J».
White,
BANKERS,
...
Members New York Stock Exchange,
No.
1
NASSAU STREET,
NEW TOBK,
INVESTMENT SECURITIES.
THE CHRONK LR
480
[Vol. LXXIII.
premium; commercial, si 00f"$l
discount; Chicago. 60c.
discount; St. Louis, par; San Francisco, 10c. per $100 pre.'">
autuers'
05a^jettje»
mium.
DIVIDENDS.
Name
of
Cent Payable
Railroad* (Wtenml.
St.
Louis
San
<fc
When
Per
Company.
Fran., 1st pref. (qu.)..
Hlrrrl Knllwnys.
SouUi Side Elevated, Chicago (uuar.)..
Twln City Rap.T., Minneap., pref. (on.)
3>Q Sep
3>a 8ep
8 Aug 20
16 Sep 6
Oct
2>a Sep
Ben ir>
16 Holders
1
Oct
oil
1
1 34
Ttuhi CoiiipuiilcN.
Sep
2
l
1
1
oh
of rec.
Sep 21
•Sep 26
30 Sep 24
(quar.)
American Sugar Refg com.
,
do
N. Y.
&
do
do
(quar.)...
pref. (quar.)...
3
Oct
1
lHi
Oct
14
...
1
1
1 34
13
4
1 34
14
East River Ferry (quar.)
Rubber Good* Mfg.,
1 34
pref. (quar.)
1 34
i
Oct
Oct
Oct
Sep
Sep
Sep
2
2
1
16
16
30
Sep 16
Holders
Sep 17
Sep 8
Sep 8
Sep 21
Sep 4
Sep 8
Sep 16
;
Sep 6
Sep 10
to
to
to
to
Oct
1
to
00(
1
to
Sep 30
Sep 30
to
of rec. Sep
Oct
to
Ool
to
17
Oct
2
Oct
1
to
to
to
to
to
1
2
Sep 16
Sep 16
Sep 30
WALL
8TK.EET. FRIDAY. SEPT. 6, 1901.-5 P. M.
The Money Market and Financial Situation.— The character of Saturday's bank statement led to liberal offerings
of securities on Tuesday, when business was resumed at the
Stock Exchange after a protracted holiday. The statement
was interpreted to foreshadow a closer money market, and
a few investors who watch the financial barometer and
professional operators on the short side of the market were
free sellers of stocks. The total sales were not large, however, and efforts to depress the market were successful only
to a limited extent. As to the money market, it is firmer,
and rates are somewhat higher than of late— conditions
which are likely to continue in a greater or less degree, sub
ject to modifications by Treasury disbursements and gold
imports.
The
ing supply of
Periods
3s, 1 930
registered
2s, 1930
coupon
2s, 1930 .»ma .1. registered
2s, 1930 Hiiiu.ll
coupon
8s, 1918
registered
8s, 1918
coupon
3b, 1918, small. registered
3s, 1918, small
coupon
4s, 1907
registered
4s, 1907
coupon
4s, 1926
registered
4a, 1926
coupon
6s, 1904
registered
6s, 1904
con) on
•This
Q—Jan
Q—Jan
Sep.
Aug.
S'.jpt.
6
-107»4
•
Q— Feb
Q— Feb
Q— Feb
Q— Feb
Q—Jan
Q—Jan
Q— Feb
Q— Feb
Q— Feb
Q— Feb
Sept.
5
<
Q
j
o
K
>
<
P.
3
o
H
•107»4
*107>4 1 07 >4
•107 34 •107»«
*i08 3s
*108«b
*108\
•108
*113
•113
•137
137
•107»«
*107»4
J
108
108*1
v
-108
'112
*U3
*137
*137
'107»4
-107»4
lbs""
112
113
137
137
107»4
107»4
the price bid at the morning board; no sale was made.
—
State and Railroad Bonds. Sales of State bonds at the
Board limited to $9,500 Virginia fund, debt 2 3s at 95%@96%.
The market for railway bonds has fluctuated somewhat in
sympathy with the stock market, but early losses have been
recovered in most cases, and net changes are generally
unimportant.
The volume of business steadily declined
from over $2,000,000 par value on Tuesday to $1/00,000
to-day, and was fairly well distributed. Union Pacific
issues were the active features and fractionally declined.
Some large blocks of Burlington & Quincy joint 4s changed
hands at steady prices. Wisconsin Central 4s were more
active than usual and show a fractional net gain. The
active list also includes Baltimore & Ohio, Erie, Northern
Pacific and Wabash issues.
—
Stock and Bond Sales. The daily and weekly record of
seem imminent in view of an increas stock and bond sales at the various stock Exchanges, forforeign bills and steadily declining exchange merly given on this page, has been transferred to a place by
itself.
Other factors in the general situation are for the most
part favorable. The steel strike is still on, but is steadily
losing force and, in view of the fruitlessness of yesterday's
it would seem must soon die of inertia.
But
whether of longer or shorter duration, the final outcome
seems fixed, as it is reported that the officers of the United
conference,
States Steel Corporation decline to discuss the matter
further.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 8 to 4^ per cent. To-day's rates on call were 3 to 4}4 Per
cent. Prime commercial paper quoted at 5 to 5^ per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £323,537 and the percentage of reserve to liabilities was 55 30, against 53 44 last
week; the discount rate remains unchanged at 3 per cent.
The Bank of France shows a decrease of 20,400,000 francs
in gold and 1,150,000 francs in silver.
The New York City Clearlng-House banks in their statement of Aug. 31 showed a decrease in the reserve held of
$6,235,100, and a surplus over the required reserve of
$11,919,925, against $18,149,100 the previous week.
-
1901
Aug. 31
Differences
1900
from
previous week
discounts
Circulation
Net deposits
Specie
Legal tenders
$
81,722,700
96,061,700
895,186,600 Inc
30,097,400 Ino
968,121,900 Deo
176,791,400 Dec
77,159,000,Dec
Reserve held.
263,960,400Deo 6,235. 10o'
Legal reserve.
242,030,476 Dec
Capital
Surplus
<fc
Surplus reserve
Notk.— Returns
Is
gyt
Aug.
31
latter
rates.
Loans
Interest
i
Aug 30
Mlacelliuirous.
American Beet Sugar, pref
United States Bonds.— Sales of Government bonds at the
Board are limited to $1,000 3s, coup., at 108%. The following
are the daily closing quotations
for yiarly range see third
page following
Book* Closed.
(Day* Inclusive.)
ll,919,925lDec
of separate
7,349,200
1,089,800
27,700
6,135,200;
99,900
6,926,
6,228,176
1899
2
Sept. 1
Sept.
74,222,700
91,036,000
816,849,000
28,902,300
903,486,900
176,904,400
76,045,800
68,922,700
77,382,600
753,663,000
14,300,800
849,793,800
168,093,900
53,645,800
262,960,200
225,871,725
221,639,700
212.448.450
27.078.476
9.191,250
banks appear on page 479.
Foreign Exchange.— The foreign exchange market has
been weak on an abundant supply of bills and a limited
demand. Rates are decidedly lower, suggesting gold im
ports in the near future.
To-day's actual rates of exchange were as follows: Bankers' sixty days' sterling, 4 83@4 8334; demand, 4 8534@4 85%;
cables, 4 85% @4 86; prime commercial, sixty days, 4 82^@
4 82%'; documentary commercial, sixty days, 482%@4 83;
frain for payment, 4 82% (84 83; cotton for payment,
82%@4 82%;
cotton for acceptance, 4 82%@4 82%.
Posted rates of leading bankers follow:
September 6
Sixty Days
'
Demand
Prime bankers' sterling bills on London. 4 84
©4 84^
Prime commercial
4 82 * @4 8234
Documentary commercial
4 82 ^ @4 83
4 80 Ha
Paris hankers* (Francs)
5 18
®4
87
1
6
20V ©e 20 58
S9i3ie® 39*g
94 k © 94»ie
V
'3>618 34
It will
be found to-day on page 487.
Railroad and Miscellaneous Stocks.— Owing chiefly to
the impression created by Saturday's bank statement, the
stock market opened weak on Tuesday and so continued
throughout the day, a considerable list of active stocks
declining from 1 to 2% points. There were a few notable
exceptions to the general tendency, including Chicago
Great Western, Denver & Rio Grande, Kansas City &
Southern, St. Louis & San Francisco and Twin City Rapid
Transit issues. It was apparent early on Wednesday that
sentiment had changed, and before the close on that day
a part of Tuesday's decline had been recovered. The market
was unsteady and irregular on Thursday and dull to day
net changes being about evenly divided between higher and
lower quotations.
Brooklyn Rapid Transit was conspicuously weak on its
unfavorable July statement and rumors of a prospective
bond issue. Other local traction stocks declined in sympathy. Among the notably strong features were Canadian
Pacific, Rock Island, Cleveland Cincinnati Chicago & St.
Louis, Evansv. & T. Haute and the Mexican National issues.
The miscellaneous list attracted less attention than usual.
American Sugar Refining declined on the announcement of
a regular dividend, but recovered later. Colorado Fuel &
Iron was bid up 4}^ points on various unconfirmed rumors
and subsequently declined. Tennessee Coal Iron & Railway and the TJ. S. Steel issues were relatively steady.
;
Ontside Market.— Business in the outside market the
week (there was no trading on Saturday or
Monday) has been only moderately active. Prices at times
have been irregular and the leading issues close to-day at
slightly lower figures than a week ago. Thus, Consolidated
Tobacco 4s sold to-day 68^ against 69% last Friday. U. S.
Reduction & Refining common has declined to 40%,
compared with 4234, last week's closing. The preferred,
however, has been firmer around 62. Dominion Securities
present short
stock closes at 773^ bid, against closing sales last
78.
American Can moved between
24$g and 25 all
but dull at 75.
week at
week and
Kansas
the preferred has been firm
Memphis preferred h is receded from 7734.
City Ft. Scott
Seaboard Air
last week's closing, to 7634, to-day's price.
Line issues have been quiet, without material change. On
the other hand, Detroit Southern common advanced from
133^ to 1434, National Enameling & Stamping from 23 to
27J>| and Electric Lead Reduction from 2% to 3, the latter
subsequently falling off to 2%(a2fg. Auto- Truck has been
in demand at from 2% on last Friday to 4% yesterday. With
the settlement of the receivership matter for the General
Carriage Company that stock improved a little and sold up
and
again to day. Telegraph
to 1, but dropped to
&
&
%
%
Cable sold up from b% last week to 6}^ on
Wednesday and 63£ to day. Copper stocks have been a little
Telephone
more active recently, and to day were in fair demand.
Union Copper sold at 534 to 5%, White Knob at 173^@173^ and
Apache at 55%. Tennessee Copper sold yesterday at 20J^.
The following were the rates of domestio exchange on The only new security this week has been the stock of the
New York at the under-mentioned cities to-day: Savannah Brown Segmental "Wire Gun Co., the initial sales taking
buying 1-16 discount, selling 75c. premium; Charleston! place Thursday at 4% to 5 and 43^. Outside quotations will
buying par, selling 110 premium; New Orleans, bank, $1 00 be found on page 487.
Amsterdam
(guilders) bankers
Frankfort or Bremen (reiohm'ks) hankers
" Less he-
40i 18 -a
95i 19 -a>
40Vs
96 >«,
New York
Stock Exchange
U(
AND LOWEST SALE
STOCKS—IiJUJlJ-.'ST
Monday
Cf*J>t
i
Tuttday
.Sept. J
II
,s,i>t.
(
4
l»\
I
l\(.
O
T\\
I'AI.K-
J'l:h
in unday
B«pt
'eitiii-giliiy
Stock Record, Daily, Weekly and Yearly
-
\
Friday
.s- i't
.,
-rit« ivJTOBK 81
ih
i:.i
•214 25
'21
60
•69
58
66
77 34 794
77 78 sn
H7 V '.17 ',
87
98
1(13 '4 104*8
L034 101',
94 4 94 >4
94Hi 944
7.">
74
74
75 Hi
»89
99Hi
92\ •so
'123
196
198
L38
1 1
9
4
1
69
iea
11241144
l.i'v
Hi
•uii" i'oY>
47*8
47
47«8
40*4
39 *a 40^8
79
79
78 Hi
1(15
464
39 4
78 Hi
•125
130
2 2 '4
24
{834 "834
3d
72
Hi
40
72 Hi
200
414
42Hi
89°8 90a»
794
89*8
15
674
lGHi
67 34
190
198
I
,
39
39
lOHi
19 34
42 7
8
71
10
19 34
42 Hi
71
66 l4
lOHi
19>4
444
72*4
146Hi
140
185
22*4
42 Hi
90 78
15Hi
26 3
71
'4
124
1
1
1
Hi
1
1
7d
166
40
79
4(1
.11
1
1
7(i
1
7--,
11
;(
66
47
73Hi 7 3
16438 167
243s
»90
»48 8<
40*»
'72
Hi
Do
I
60
7ii
58
92
'88
92
til
O
-
s
6 p.
9
9Hi
204
20Hi
42^4
43
8
9
3234 334
•204 21
&
Do
78*4
6
'.i
pref
&
Colorado
43
"7
4334
71 34
58
58
•88
pref
39
Do pref
204 214
434 44*8 Erie
71»8 72'
Do 1st pref
583g 59
Do 2d pref
593s
614
60 34
•89
94
Evausv.
63
94
186
Do
<fe
9
53Hi
53Hi
?76 5s
14638147
•38
39
*74
76
pref
& W., deb. ctf. A
76
147
76
147
39
76
33
'38
•74
33
153 4154
40
41 Hi
•110 114
80
82
114
80 Hi 80 Hi
114
81
114
214 217
217
354 36 34 35H2 36'4
7
64 34 57
65
66 8
90
90
90
90
214
36
217
36
•214
98Hi 98Hi
66
67
•92
70
98
72
14541474
-27
71
30
764 77 Hi
68 Hi 68 Hi
97 98
•67
72
145Hil40Hi
30
30
5634
73
104
4334 44 34
7634
55
Kanawha &
Michigan.
ansas City So. vot. tr.
!
:,
i
56*8
57%
89 34
89
774
56
154 7
8
41
115
81
Do
pref. vot. tr. ctts
Do
pref
Keokuk & Des Moines..
Lake
Do
L.
Erie
&
<fc
Western...
Mich. South'n
Elevated...
etropolitan Street
Met. West Side El. (Chic.)
Do pref
Mexican Central
M cxican Nat'l tr. receipt.-.
Michigan Central
& St. Louis
Do pref
Minn. S. P. & S. S. Mane.
Do pref
Mo. Kansas & Texas..
Minneapolis
,
,
J.P.M fcCo.rectN
& Essex
Central & Hudson.
<
>
NY.
Y. Chic. &
St.
Do 1st pref
Do 2d pref
Louis..
New York & Harlem
98
•67
70
*92
97
*68
72
14534 147 '4
30 Hi 30 Hi
65
75
*75
81
9734
97
Hi
lis Hi
*92
146
31
•66
*75
444
45 4
44
77*4
77 s«
77
55 '4
55 Hi 56 Hi
974
.Northern Pacific
Do pref
C'^H.'
Pacific Coast Co
Ky
Peoria
&
,
,
11.
May
•11
Mh\
.1
i
.1.111
1204 Jan
Jan
20
I.300
13,1170
28
94*4
Jan 3
Jan 21
Jan 21
Jan
8
7
01
Maris
56
Marl 4
40*4
75*4
Sep
8 ISS
Mar
1
Jan 3
Jan 2
3934 Jan 21
215 1084 Jan 21
8230 April
260 67 Jan
**865
200
215
248
82
45
29
Jan
4£4 Jan
1
April 172
SB
3,200
2,900
25,200
49,660
910
27,893
1,175
Eastern.....
pref
l'ittsb. Cin. Chic. & St. L.
Do pref
44-8 Reading, vot'g tr. ctfs..
st pref. vot. tr. ctfs..
d pref. vot'g tr. ctfs...
]
K10 Grande Western
Do pref
104 Feb 13
36 Apr 4
68*8 Ayr 19
130
Mar29
•250
J'ly is
824J'ne22
1074 Mar
200
100
32,800
0,900
14,500
May
9
4
9
I
Banks
'
Bnnks
Bid
I
KEW YORK
CITY
Bid
City
Ask ColonnU*|
...
Ask
150
660 080
300
310
(380
100
410
140 150
50
225
3250
325
Bid
Bauks
14th Street*!.
Fourth
Gallatin
(iansevoort*
Garfield
66
225
110
140
Ask
1
250
430
I
Banks
Bid
Irving
Leather Mir.
Liberty
Lincoln
Manhattan*!.
Ask
190
260
500
900
300
Market &Ful 250
Mechanics'
270
Mech <ftTra", 125
Mercantile .. 260
Meroh Exch. 140
270
Bunks
Bid
Banks
Mutual"
Nassau"
186
196
New Amster MOO
New York Co 1500
N 5 Nal li\ 200
New York... 320
..
..
..
Phenix
I'l.ii.i"
Prod Exohl
B
aboard
.
..
Columbia* ..
520 530
AmtrExoh. 260
Commerce...
500
320
id
Vstor
Commercial
600
German Am'
270
Hi
Jowery*] ... 300
Corn Exch'i.
10th Ward"
German Ex* 325
iroadway .. 300 325
East Eiver..
500
.Ninth
Gerinania'
80
Jutch's <fe Dr 115
11th WardV.
130
175
280
21)0
North Am,
Greenwich
stat.
Central....
Fidelity*;....
180 ...
Hamilton*] .. Hill
Oriental' ....
150
12th Want"
ilerchants'.. is;,
Jhase .....
Fifth Ave"]..
;so
700
Hanover
105
Paclnol
.\ ard1 ..
*|
Metropolis
Chatham ..
050
Hide A L'atb 50
5 81
320
Fifth
Park
Union Sq.1 ...
Ml
Morris'!..
Jhemical ..
4000
First (new).. 725
150
People's*]
Imp & Trad. 560 590
* Bid and asked prices; no sales were made on this day.
o Ex dividend and rights.
t Ex r iglits.
11 S tate hanks.
$ Less than 100 sli ires.
* Trust Co. Certificates.
1 Sale at Stock Exchange or at auction this week.
were made as high as 1000.
Stock "cornered'' sal 08 for "cash
^.ni erica*!..
1
1
.
'
1
•
.
•
1
'
I
1
.
.
||
Dec
14*4
Dee
3934
Apr
1",
Dec
Nov
Apr
30
72
8 34 Dee
474 Mar
204 Mar
1344 Dec
194'4 Dec
344 Dec
87
Dec
21
Dec
64 Mar
204 Nov
27 4 Dec
634 Dec
434 Dec
543b Mar
944 Apr
20 Dec
1914 Dec
Dec
ti»
8*8 Dec,
42 78 D6c'
74 34 Dec
132 34 Dec
49
Dec
US»4May
145*8
Dec
244 Dec
Dec
584 Dec
110
120
J'ly
;21.=> ;|4
Jan
Mar
324
•>'' t
45*4
Dec
Deo
83
864
914
62
i><
'
c
Di
Nov
904 Dec
694 Ool
L494 Deo
36
Dec
!>,
.
804 Jan
04
Jan
1
tec
De«
1
BANKS AND TRUST COMFANIES— BROKERS' QUOTATIONS
I
Dec
Apr
874 J'ne 1044 Nov
Apr
14 Sep
Apr
47 Nov
17 4 Dec
9 Sep
25°8 Se P 47 4 Dec
Dec
724
88*8 J**
68*8 Apr 19
124 4 J'nel 4
85 Aug22 35 J'n,
$191 4 Jan 8 197 4 Apr 9 }1834Jan
13938 Jan 21 170 May 2 125*8 J'ne
16 May 9 42 Aug30 11 J'n<
97 Mar 1 115 Mai'22 75 J 'in
47 Mar 1 82 78 Aug30 2d J 'in
420 Apr 1 120 Apr 1 mo Maj
.1.111
$1344 Jan 15 189
Feb21
Saw 4 Feb 27 217 J'ne24 ',207-'.] Sep
S' 4 Jill
24 May 9 40 4 May 1
42 Jan 10 57*4 Mav 2 22 "a Jan
82 Feb 15 904 J'nel 3 07 Jan
774 Jan 21 ||700 May 9 l.V'i Sej
844 Jan 21 1134 May 7 li, Sep
52 Feb 1 73 J'nel9 40 Maj
89 Feb 25 98 Apr 26 824 Sep
63 Jan 8 75 J'nelS 57 Maj
137 May 9 1614 Al>r 22 124*eSep
J IK
5
14 78 Jan22 35 Mar22
3334 Jan 9 75 J'ik L8 20 Jan
72 Jan S 86 J'ni 1 7 554 ''i' 11
57 Jan 30 80 J'ne 7
88 Jan 4 LOB May 7 78 J 'in
24 4 J an 4 484 J'ne 8 !:• Sep
65 May 9 So', J'nel 7 4'i Jan
&S]
38 Jan 8
65 Feb 6 85 Mar23
J'n.id
80 Jan
Hi
108
93 Feb
Jan
May
••
$104 Jan 115 J'ne
454J'ui 714 Dec
4
800 67*4 Jan 19 11 14 J'ly 19
20 101*4 Jan " 1174Aug 9
750 15 May 9 284Aug27
500 49 Apr
78 J'jie25
9,405 15 Jan 21 35*8 Apr 20
37
09
1
J-"
27% Deo
58 Mar
25 Dec
174 Apr
43 3 B Apr
34 May 6 Dec
144 'Jet 23 Dec
204 Mar 52 De«
834 Feb 115 Dec
§197 Jan «240 Dec
47 ^ J an 89 Mav
68 34 Sep 89 4 Dec
84 J'ne 116 78 Dec
143 34 Sep 182 Feb
244 Jan 37 4 Apr
76 Feb 84 4 Nov
104 Jan 1738 Dec
5 Mar
2 °8 Sep
:
78
J-..
'4
J'ne 76
J'ne 118
Apr20 103 4
Mar 6 144 Jan
121
•
J'ne 122 4 Dec
del 126 Nov
>'eb 175
Mar
B^Ool
2640o1
April)
574Aprl5
934 Sep 5
1
4
lc
I...
Mar
Aug
April L964M«s 220
201
31
5 34
D*
'
3
J9,d60 76 May 9 1 4 J'nel 7
10,200 83 May
131*4 Apr22
3,415 150 May 9 177 Jne'24
27 Jan 9 37 J'ne 6
79 4 Jan 15 92 J'ne 5
9,000 1234 Jan 21 30 May 2
91,560
3 % Jan 24 15 Apr 16
5,980
18,100
416
4 Dei
04
Dec
LOS 4 J'ne 1484 I"
L 694 Jan 187 4 Dec
150', J '111 172 a4 1 1.
6
Mav
d4
14
6
2
Apr
May
May
J'ne
OS 4 A lie
30 Jin
SI
175 4J'ne 6 102
145 April 110
24
1074 Mar
•
nc.'o
May 10 904J'ne24
8
21
1.
J'ne24
J'm'JH 116 Jan
Ma] 3 24 J n.
42
604 Apr 30
824 Apr 30 liS'4 .N.A 7«4
1 99*8 Apr 30
L194Jau 144
NS Jan )Od
135*4 Apr 29
186 Apr is 1194 Del 125
1M
20 4 Apr 2d
0*8 Sep
724Jan
May
M«v
I
Apr
Apr
:.
\pr'J.'
B
107
J'ly27
Do
55 e,
8
8
.)
Jan
16
Pere Marquette
774
Ma]
144 Maj
784Aprl9
75
49
200
1464 Pennsylvania
32
75
81
1
•
.
1174 Maj
90
1,050
Do 1st pref
Do 2d pref
97
72
','1
.Mu>
.Ian
29
99
Apr 22
b28
110
100
1,300
1
<
I.V;
10
Manhattan
M
1
Apr.'-.'
'.i
27°8Jan 7 37
67 Aug 7 774 Feb s 4il Jan
Sep
7,100
5
6*8Jan21 18 Apr29
1,600 40 Jan 31 584Aug30 30 Sep
5,77- 164 Jan 4 28 34 Apr29 14
Sep
2,300 106 May 9 185 4 Apr 3 106 4 Sep
800 1884 Jan 3 244 May28 171 4 Sep
27,820 29 4 Jan 21 53 4 May 6 104 Jan
24,560 80 Jan 21 1034J'nel4 644 J'ne
69 J'ly 8 71 J'ne27
69 J'ly29 69 J'ly 29
18 Jan 30 45 J'ne 5 12 J'»c
5,900
4 J'ne
5 Jan 9 12 4J'ne 5
11,040 13' Jan 8 22 J'ne 5 12 J'ly
197,515 24 4 May 9 45 4 J'ne 4 104 Sep
24,53;"!
59 34 Jan 21 734J'ne29 30*BSep
13,680 394 Jan 4 61 Mar21 15 Sep
13,050 41 Jan 31 68 Apr 12 384 Oct
81 Jan 4 95 April 74 Oct
17 Jan 18 36 Apr20 12 4 Mar
2,200 167 4 May 9 208 Marl 5 144*4 J'ne
65 Jan 2 67 34Febl4 534 Mar
86
54 Sep
74 Jan 28 114 Apr 22
1,000 404 May 9 57 May 6 804 Jail
3
368 09 4 Jan 21 80 May 2 58 Jan
3,980 124 May 9 i:,4 34 J'ne29 110 J'ne
300 21 Jan 21 43 34 J'ne21 11 78 Jan
100 48 Jan 21 874 J'ly 1 39 Sep
500 21 Jan 8 41 J'nel 5 10 Jan
Sep
200 134 Jan 4 25 Apr 30
7
800 35 Jan 4 49 Apr 30 274 Sep
l.ung Island
Louisville & Nashville.
.Mi,b.&0.
orris
1
207
,
Do pref
Missouri Pacific
.
6,970 116 7e Jan 4
126 Mar 2
180 Mai'Jd
3,800 104 Jan 19
3,600 33 Jan 21
6,330 73 May 9
115 34 Jan 12
pref
Shore
h7
600 58*4
X. Y. Lack. & Western..
214 217 N. Y. N. Haven & Hartf.
35 76 36>4 N. Y. Ontario & Western.
5 5 Hi 5iiH N irl'olk & Western
Do adjustment, pref
•89Hi 89 Hi
•70
100
71
102 102
43 34 45
65
984 984
112
81
813^
B
pref
illinois Central
owa Central
Do pref
id
112
ctf.
Do
*30
"64
•127
15341544 1544155 4 154*4
4134
41
41
414 *40
deb.
544 Hocking Valley
.
7
8
.
Worth&Den. C.stmp
Do
9^4
53Hi
76»8
u
Terre Haute..
186 34 Great Northern, pref
186
434 434
43
8
•324 35
So., vot. trust
Des Moines & Ft. Dodge.
113s 12U Dulnth So. Shore & Atl
•37
7
HiijHett
st
30
L08
684 M«v d
77 Marl9
Mar
110
57,790 134
175
100 1 OH
Pacltlc
.
•8
9
9
35
*32Hi 35
3
65
65 4
66
*63 Hi 66
65
65
'125 129
129
12834 1283.,
126 126
•2514275
2514 275 *2514 275 '25114 275
75 78 •75 78 75 77
75
75
104*8 105 \ 104 5s 105
10441064 104Hal06
l
118 119Hi 118 4 1194 11 8*4 119 Hi
1184120
16741684 166 34 168 H, 167 168
167Hil69
*37i* 40
*37
•364. ...
40
-37Hi 40
•92
*d2
*92
93
*92
93
93
93
3
3
25 4 26 Hi
26
2 5 Hi 26*4
254 25*4 25
l
3
3
13
14
134
14
13
4
12\ 13 4
14HS
8
4
105
105 ....
105
108 108
1074108
108 108
108 108
'114 1174 U15 115
-114 118
114 34 117 34
*26
27
27 Hi
27
27
27
2 7 Hi 27 Hi
75
734 73Hi 73*4 74 4 -73
30
30 34
29 Hi 30
30
28Hi 294
30*s
3
57
55 4 574
574 5634 57 *t
55Hi 56
1U7
104
105=8
106
Hi
10541073s 1044107
84 '4
83 Hi 83 Ha i 84-4 84 4
84
*7
•324 35
1
56 34
66*4 664
Do 1 st pf vot. tr. cfs
3
26 Hi 26 34
25 34 26
Do 2d pf. vot. tr. ctls
t
4
3
168 169
166 4 167 Hi Delaware & H udson
225 227 *223 225
elaw. Lack. <fe West'n.
60 34
49
484 49 Denver <fe Rio Grande...
96Hl 974
Do pref
95 Hi 964
Denver & Southwestern
185
53 34 63 34
76
764
146 l4l46 34
•38
38Hi
"74
76
"A"
incago& North Western
Do pref
(
1
i'aou
100
63,725
1
Green B.
9*4
*53 34 54
*75Hi 76Hi
14534 1474
39
394
74
74
33
33
pref.
pref.
c.
81
'.(
1384 Jan
QnlBoy.
"B
4 p. c.
mliimap. <fc Louis v.
Do pref
ClnriiifOMLlW. <fc St. Paul.
I)(i
pref
Ft.
1844185
800
U(iri..v
66H1
21
44 34
72 Hi
*574 58
oliin
cV
130
& Ora
175 186
Do pref
22 Hi 23 V Chicago Term'l Transfer
Do pref
42 Hi 43
92 14 98 Cleve. Cin. Chic. & St. L
115 117
Do pref
•30
Cleve. Lorain & Wheel'g
....
20
59
8,410
2,900
Alton
Inc. Kocklsl'il
4 144*4
14(1
(Inc. St. P. Miuu.
*704 76 34 •704
154 154 164
11 e
72*4
Jersey...
oreat Western..
4 p. c. debentures
io
40*4 Chio.
1
114
444
New
]>rof
Do
Do
198
145Hil47
130 140
175 185
22 Hi 23 14
42 34 43 Hi
91
93
114 116
800
000
<fc
;iko
164\165 34
1 44
Southern
liuagocfc Eaat'u Ullnola
'
25
93
»84Hi
61,630
PitUti g
21
.M»>
.1.111
',
i
pref
JKi
128"8 1314
120 '«
otia
19,800
t
•
Iih :i«o
'
ir. I'll*.
u
I'miiu
praki'
40
78
7d
7,3oo
Jirrf
.1
424 Jau
87,926
I'.
Tranail
Uiipiii
*
M
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»
vol.
Booh.
(Ruadlan
1
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U
704
prot
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Ohio, vol.
10
klo
124
4
6
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165
47
4
1
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20 34
574
186
984
704
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62
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104 Hi
76
83
126
11=,
571,
185
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57
•88
KM-',
di
195
27
274
4
166 Hi 169
166Hil69
'226
230
228 228
6OH1
484 514 49
94»« 96 78
95 34 97 Hi
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664 66 34
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r
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in
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39 Hi 40 34
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190
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142
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73
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195
190
200
V
120** iae
16641684 1664167
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11
1
Bang*
On bans
the
II Mil
Heo
Stock ReOOrd— Concluded— Page 2
-182
BTOCKB—HIGHEST
fiahirilmi
Mnlliiil
U
LOWEST SALE PRICES
J X l>
Wedntsdai
il
Btp\
I
fir<2>«.
Bi pfc
•12
•12
•07
To
7
1
%
1
82
70
',
::i
s
I
•17 'i
13
>12
29
118
•27
'-2
••27
48
82
•17%
71*
81*
71
"30
62 \
62
7ii
-
1
1
7
30
'-2
•82
70
15%
71
62*i
ss>,
33
33*
88%
ss
•"-
i
i
•I
12
1
128
88 Hi
rji
•
30
102 % 104
L%
1
'-.
20
2
84
>.
I
"a
•11
% 41*
38
22 >9
*44
28*
3
*
20
80%
90 %
10;
31% 813.
69* 70
••20
•22
60
26
27
w
Q
a
>
Q
8
Q
t"
O
03
K
O
>4
30
52
8*1
8'4
830% 30 \
31
207 % 2071-.,
57
57
30
?264
30
264
58
107
57
>103%107 *103
24
24% 23 4 25
79ia 80
79* 79',
90*
96* 96*
*7ia
•7
8
*36
44
193
3
1
'4
%
88
mi
7(Hi
.
& Pacific
A hint Avenue
(N.
1
G
I
St,
I.. <fc
W.
"
"200
6,826
-
mi'
138,3'2('
18,900
0,72"
Erie...
Wisconsin Cent.
Do
Miscellaneous.
A dams Express
Do pref
30% American Car
S7
Do pref
Foundrj
<fc
32* 3234 American Cotton
*90
91
Do pref
33*
Oil
197 American E x press
31% 31% American Ice
Do pref
*190
198
31*
70
27
American Dinseed
26*
62* 64%
20
20%
87 % 88*
•41
•87*!
45
88
02
•41
ss
'v
138%
'213
150
17
70
47
217
102
"123
104
132
17
70
40%
145
150
"17
•78
80
77
U*
99*102
8
8
-28
200
59
-103
24
80
34
267
88% 8%
528% 28%
•28* 30
30
*265
30
268
58%
•103
62
107
-23% 24%
'79% 80
Do
pref
American Woolen
Do
pref
Dock& C.Imp'i
l?u.el& Iron...
97
"7*
59%
107
Do
973f
8
Co
of
Do
America
Manhattan Beach
44* National Biscuit
102%
Do pref
21
90
42
National Lea4
Do
pref
4 National Salt
76*
Do pref
42% 42%
70%
877* 77*
149* »147 150
42
148
100
42
J'ne 8
22
J'ne 4
Muv
14% Jan 21 26 J'ii.
38% Jan 17 49* Apr
!'
New York Air
Brake
North American Co., new
J'nel7
125
170
120
*160
03*
62
120
160
933a
93%
62
124
170
93% 93%
Virginia-Carolina Cheni..
Do pref
ells, Fargo <&_Co.
vy
est'n
Union
HU
Sep
'27
j'ne
13%
I" o
8*Apr23
85
Apr 22
89
J'ly
12% Jan
J'nel4
2
.I'i.
35%J'nel7
01% Jan 8
30
41% Marl5
27%. i'
72
i
:S7*
J'ne
Sep loo
8205 Mar26 4142 Mai 191
30%J)v
60
49%.\pr
i
16* Feb
Feb
-No\
'.'
34% Dec 00
9
3
J'ly
32% J'ly
ii
Nov
Dec
Apr
Apr
Dec
60% J'ne 78% Feb
lar22
89 J'ly 8
8 Jne2d
30 J'ne2o
69 Apr 20
104*8 J'1M.-2(I
49% J'ne *
7* Jan
31% Jan
50 % Dec
J'ni
3
18%J'ni
Jn.
85 J'ik
i
Nov
99
.Ilicl4
J'ne 3 "95*
58
180
100
1
J'ly 19
107
Apr 13
107* Sep
144
150
Mar
Mar
Sep
i'4'.i"
Dec
J'ly
j9s%Jan
-1
si-
8
J'ly 12
J'lle
2
1
l
54*AprlO
I
Ma]
21* Dee
7o Dee
37* .I'm-
MarlO 142%Apr29 117 Oct
Jan 18 25%J'nel7 11 % J'ne
Jan 18 238 AprlS il.'U Sep
Jan 4 71* J'ne
21% Ma)
Mag
Dec
Feb
22% Dec
70* Dec
54% Apr
183 Dec
I'i* Jan
56% Dec
131% Jan
21 Apr
201 Nov
40* Dec
95 Nof
38* J'ne25
J'ly 24
6,50(
107
18%Mayl0 28
09 Jan 21 81
3,500
54*8 Jan
100
100
5* Feb
5
M.ti'22
Jan 5
11
Apr25 39%J'ne24
24% Jan 22 40 Sep 6
74 Jan 24 86*Aug2 7
100
300
300
500
95%.T*ly 8
101 Augl5
22 AprlO
1 5 *8
81
40
May 10
25%J'nel2
100
64
S3
212
575 133
3
J'ly 15
93*8 J'nel3
50 Mar 21
84 Mai21
"
29% Dec
77% Dec
80
Jan 100
0* Jan IS*
23 Jin 40%
79% J'ne 96
65
96
46 Mav 3
103*Aug20
75
109
Deo
Dec
Ma\
70
Jan 18
Jan 21
8* Jan 28
37 Jan 21
92 Jan 2
15 Marl 4
7
J'ly
'b'^"" D< e
"
70
95
81
Jan 200
Maj 60
Dec 103
Nov
Nov
92
14% Mar 20*6 Nov
58 Mai 75 Nov
24 J'ne 55* Dec
3* Aug 10*e Jan
Aug
Mar26
100%May31
S
Jan
Jan
May
Nov
Feb
Feb
Aug
Aug 100% Feb
on
40
Nov
32*
09% Oct 70* Nov
Apr20 112 Sep 175 Nov
J'nelS
47* Jan 29
25% J'ne
20%J'm-21
52 Jan 2
.
Ocl
57 Not
lll%Apr
32% Sep 5834 Jan
Apr 29 70* Sep 89% Nov
Apr 1 170 J'ue 204 Dec
Aug 2% Mar
5*Mav31
12%May27
7* Oct 10% Mar
3
24 J'nel7
S 4 J'ne 27% Feb
82 Apr 1 49 Aug 7034 Feb
38* Mav 2
89
217
1-1
May 2
41% Apr 2
86»4 Apr 8
90
1
8%J'nel3'
76% J'nelS
42 Apr20
19%J'uel7
75
100
J'nel7
17% Oct 26 Nov
59* J'ne 71 Not
41- Mar 10* Jan
49 Oct 104 Feh
13% J'ne 21 34 Dec
10 J'ne 25 Feb
Feb
66% Ma]
845 Mai 859% Dec
Apr 19!
7 34 J'ne 19 Jan
16% Mav 2
Aug2S 65 J'ni 70* Nov
8334
85
Jan
Jan
55
Apr 30
34
1
64
125
170
I
Jan 4150 Not
Nov
89 34 Dec
May 13 111
130
May
Jan
2 % Jan
llec
II
i
',1*7%
{
•62
10
s
450 30 J'ly 12 101%.J'nel9 04
270 183% Jan 10 269%J'ne24 120
2,950 45 Feb 10 05 Mav 2 44
200
100
70* IXC
Dec
16
Dee
1"0
Ma;
ff.OOO
Dec
Jan
Mar
44% Sep
21% J'ne 33% Mar
20 Apr
10
57 Apr
30
17
17
13* Maris 2 1% Jan
7o Mar22 8234 J'ly
33
1
6% Mar
60* Mar2s
38 Mar28
-
05
1
I'ne21
4
111
.May
100 100
100% 1001-2 101 102
1,100 73%Febl4
100
43
43% Pacific Mail
41* 42^ 41ia 42
6,550 30% May 9
44
111 112ia 112* 112% 111% 111*
111% 113
0,100 9534 Jan 21
eop. Gas-L.& C. (Chic.)
42
42ia 42%
42
42
42 %
600 30 Mar 7
4 1 % 42%
Pressed Steel Car
•82
82*
s;;i82
•82
82
84
82%
530 72% Mar 5
Do pref
8
210 215 Pullman Company
•208 212 *208 210
453 195% Jan 21
209 209
•3* 4
*3ia
412
"3% 4% -3
4 Quicksilver Mining...
1* Apr 22
10 10% -10 IOI2 •10 10%
7 Mar2(i
Do pref
191-2
18*
18% 19% 18% 19% 18* 19 Republic Iron & Steel. 12,900 12% Jan 22
72% 731-2 72*, 73
73
4.850 55* Jan 21
Do pref
73% 7234 74
30*8 31%
301-2 31%
29
29% 31^ 28
Rubber Goods Mf g
5,700 26 Aug 9
*78
*75
80
78% 80
81
200 70% Aug 9
80
Do pref
80
•31
*30% 31
31%
20(1 19%Feb 5
32
„1% Sloss-Shetlield St. & Iron
31% 31%
79 81
•78
81
•78
81
81
100 65% Jan 22
81
Do pref
"4*
"4% 5
5
3% Mar 6
4* 4* *4% 5
Standard Rope & Twine..
72
64* 67
65% 08% 66% 68% 60% 07* Tenn. Coal, Iron & RR... 21,645 49% Mar 7
•34
*34
•33% 38 Texas Pacific Land Trust
39
39
•33% 38
19 Jan Is
17* 17% Union Bag& Paper
17* 17* 16% 17
500 12 Apr 12
•73
"73
74
74
74
74
300 05 April
Do pref
•90
95
93* 95* 98% 98 *e 897
99 United States Express...
1,360 853 Jan 20
13% 13% 13% 13*8 13% 13* 13% 1334 United States Leather
7* May 9
8,225
6,50(i 69% May 9
81 ia 83*
81% 83
pref
83
82%
83*
Do
83%
19* 19* •19% 20
19% 19% United States Rubber
350 17* Aug 5
201a 20 ^
•58
"58
59
59
•58
57
500 55 Apr S
58
Do pref
58*
44* 45% 44* 45* 45% 5 'e 44* 45* United States Steel
109,935 24 May 9
94ia 95%
:>434 95*
94* 95% 95
47.40" 69 Mav 9
Do pref
95*
60 4 61
61
•119 125 •120
$170 170 *T60
931-2
93
93
May
May
>-2
188
6
2
70
6,750
,
-
i
0'%J'ly
Jan
Jan
70%J'n<
6
26
93* Mar
Paper
I
Deo
•.la'v22
183
90
27
In
13% J'ne
Mai
45
25%May22
'.i
:;
37
I.e.;
.In'
49*J'ne
:;
9
70 Muy
81% Jan 21
45
24
I/.';
15*
52* May
120% Jan
!l
Jan
23* Jan
1 1 % Jan
7s
55
J'ne
!0%J'n(
Jan 2 124 J'nelO
400 140* J'ly 2? 152%Aug29
310
10%J'nel8
7* Aug
pref
International Power
I nternational Silver
">
Do pref
4034 Internat'l Steam Pump..
Do pref
95 Laclede Gas (St. Louis).
102
Do pref
18
Mav
B*
3
66* Jan 21 105* Sep
147 AprlO 154
Sep
00 116
14
3,725 187
300 3834
300 93*
Electric
Glucose Sugar Refining..
Do pref
81
1
',
21% J'ne
J'nel7
:.
.Mav
24* Deo
Sep
1
31
J'nelO
35* J'ne
.Lin
28
2
Jan 18 228 Apr 15 140 Jan
6%J'm
8* Jan 19 14% Marl'.l
41%
Jan 21 136%J'nel7 29* Sep
23,475
291
2 534 International
.
17
1
Bergen Co
G eneral
1
200
pref
of
21
21
I"
Dec
Sep 3
.75
Jrunsw.
Gas & Elec.
Juu
67* Jan
8*
Ma-.
JneJI)
71
!
5,400
CColorado
Distilling
8
Uigfutt
.-I
-'-
76* J'nelO
39% Apr 30
44 8146 Jan
75,100 83 34 Jan 2
100
3 Augl
20 J'ly 24
.vr.-i':.
19 Jan 2!
1,722 67 Jan 19
1,250 24% Mar _
100 85 AprlO
5169 Jan 12
1,000 30 May
750 67* Mar _
5% Jan 24
1,010
7,057 31 Jan 24
3,550 22%Augl3
2.:; 7d
83% Augl 4
4% Feb 4
1,600
100 22% May 3
35,930 39*4 Mav 8
2,420 88 Feb 26
26 MarlO
00(1
73 Apr 17
18,270 129 AuglS
5,050 117% Jan
285 894 Jan
800 1 65 4 Sep 6
600 99 May 9
200 137 Jan 2
450
100
Anaconda Copper
1Brooklyn Union Gas.
97* 98
7* 7*4
39* 39
1
"70
pref
132
> Do
pref
19 Ool. & Hock. Coal & Iron
•19
20
2253
224%
224% 220
4 Consolidated Gas (X. Y.),
"69% 69% "08% 09% ^Continental Tobacco
Do pref
117% 117% + 118 118%
151
*150 152
15 L
Diamond Match
8
146* 147
218
»125
19
•35
39
39*
45
43* 44 hi 44* 45*
84
86 14 86*
87
*90" 95
*85
00
95
93
93
»101 102
-101
*K)1 102
•10
12ia 121-2 "10
•12
18
18
44
44
44 % 44 *
44% 44% •48*
102 102
*101 103
102% 102V a 01
201-4 21
21
21
20* 21 -20
•88
•87*
*88% 92
91
90
90
42% 42%
18
40% 47
*213
-10
44i
?77i4 77
•142 1 17
Do
>S8
08 100 American Tel'gh<S; Cable
165* 107 American Telephcfc Teleg
137* 137* s American Tobacco
J loo
166
'145
971-2
"42* 43
American Snuff,
135% 130* Xl33* 134% American Sugar Refininp
122 124
Do pref
125
125
99
100
138
*34
39
40
5,32(i
70(1
7(iO
21'
7,635
1,200
v. tr. cfa
pref. vot. tr. ctls
20
30
87
Jan
"a
5
.
I'm-.'.-,
Marl
i
1
l.nn
J'ne 8
1
Id* Kcblf
v. tr. ctf«.
i
J'ne
I'i
.-.
J'ly
23
Do pref. vot. tr. en
Twin City Rapid Traii.iil.
Do pref
190
•
31
873*
'a
23
40
%
18
I.•
100
Y.>...
Jan 2i
Jan 29
Jan
36
Jan 29 lis
.(.in
4
88,670
(1.7
fri u,ul
"HI,
1(M
16
l.ooo
rpexaa
To]
1
75
2d pref
1
*8% 9
28* 29
831
s7
»32*
02'.
loo
"41
45
45
89
89
89
133% 136 % 133ia 134's
125 125
•124 127
J100 100 8100 100
167 167*
»137
139 139
138
145 145 *145 150
•17
*17% 18 Hi
18
*70
•76
80
80
40
46*3 47 14
47
•215 218 *213 217
*10
*9% 12
1112
100 104*
98*100
131 131
»123 132
20
20
19% 191-2
224 225
223 Ha 225
09i.
"08
09
%
09
• 119
119 Hi *117% 1181-2
152 152
152 152
>
o
»
a
Do
6
:r,
2
169
110% 117% Amalgamated copper...
"3% 4 American Bicycle
20
27
•41
»86
w
180
185
80*
2.70O
62
Do pref
25% 20% American Locomotive...
26%
88
88*
Do pref
80% 871-2
0*8
7* 7* American Malting
7*
*27
28
29
Do pref
28%, 28 "a •27
50*8 6 hi
47%
50* Amer. Smelt's & Relin's.
30* 53
Do pref
100* 100* 100 100%
98% 99%
100
o
Q
70 <
21
23
•44
28*
*
31
90
198
>_
1
88
7(1
% Oil,
26* •27
86* 87%
6*
50*
IP
6
185
20
Ctta
pi'-i
it
1
99% 100* fiuon Pacific
89* U Do pref
22% 23* Wabash.
-in* 4H
-Do pref.
18* 18% Wheeling & Lake
51% 52
Do 1st pref
{33
33
Do 2d pref
117*119
•3% 4
3*
31% 31%
6]
•27
J
19
'.i
'.Ml
'.'1
198
ir.
.
89
45%
86* 87
32*
82
82
v. lr. otfl
v. tr.Ctfn
I
51
•31
28
"a
20
80*i
86* 87*
*191
'a
-
81
1
.
I
nil
1
;;i
89*
23%
19
180
117*
4
1
-
•
aw. ik Adirondack...
8t Urals d Ban ran....
8c
121
20
4(|78
81
24
5180
86
1
*8
1
44% 45%
117% L20
103*
23
10
E
1
106*
SO'.,
1.
19
51
81
23
19'
•81
8186
a
'-2
68
i
121
'99*
so
28 h
•22
•60
45*
123
22
86
154
89
1
i
1
28%
«
1 .
,.
I
1
mi*
90
•11
19*
1."
I
1
20 'a
•84
'-2
99*
xibl%i'o2*
22
1
12
36
106
I'll
l.MI
«90
1
28
1
Isl
2d
1
88
34
I«L
(l.
<fc
">
Yrar 1001
for
..'
Hightt
--,
*30% 30* St. Louie Sdiiiliv. esb d
Mil % 02*
in
]ii( f
58% 58* Southern Pacific Co
Southern voting tr.
ss*
Do pref. vol. tr. ctfH
80*
82*
J.
1
-i:>\
•82
69
82
02 %
Ot
O
Do
18
7(i
29
117*117
17* 117*
17
'•
Si
71
81
"12
67
»27
,
Week
Bharet
EXCHANGE
Sept. 6
/<'.
!,,!•
'II,
11,,
STORK
riday
/
Si
Rangy
STO< K->
TK\
1
[Vol. LXXIII.
2
2
1
21
J'ly
74% Dec
44
Jan
10434 Jan
101%Apr3(i
51 J'ly 12 "2 Mar30
116 Apr 20
5 AugoO!
14 8130 Jan 11 ._70 Sep 3 120 J'ne 140 Dec
77% J'ne; S8%Jan
2.050 81 Jan 21 100* May
2,320
Tele'gpli
BANKS AND TRUST COMPANIES- BROKERS' QUOTATIONS
Banks
Bid
CITY
VaricklT
250
Washingt'nl 145
West
Siciell..
Western
Yorkvillell
Bid
Bnnks
NEW YOEK
..
000
590
240
Ask
8th WardTI ..
5th Avenue! 100
First
Kings
(
',,'
...
Mechanical
215
270
Merchants'.. 100
Nassau
350
Nat City.... 300
di
85
110
295
180
Manufaetrs'. 286
Mech
BROOKLYN
Ask
BROOK LYN
Banks
Sprairuc
20th Want!
Cnion^
300
Bid
BROOKLYN'
17th Wardi
\\ allaboutli
Ask
125
200
140
140
105
.
Tra"
213
Trust Co's Bid
C'IB'tyB&Tr 525
Central Tr't-t 1940
City Trust... 370
Colonial
Continental
1
.
1
.
41*6"
i
Ex
rights.
Bid
N Y LiicvTr
N Y Sec & Tr
0*
5
Am.
Union Trust
725
Ml
5
Real F.-t Tr'i
StandardTr'1
of
V SMtg&Ti
Unit Slates
.
Washington.
Ask
75
North Amer.
Farm Lo&Tr 1475
Fifth Ave Ti 1000 iioo Tr Co
N. Y. CITY
225
Broadwayli
North SideH. 175
250
Atlantic Tr.. 250
Brooklyn!] . 120
People's!
L96
205
Bowl'gi ireei 180
* Bid and asked prices; no sales were made on this day.
than 100 shares.
1 Sale at Stock Exchange or at auction this week.
s Trust Co certificates.
BedfordlT...
Trust Co's
Mortc.iiTru.st
425"
Guaranty Tr 670
Knick'rb'k'i 700
Manhattan .. 450
Mercantile .. 950
Merchants'.. 325
Metropolitan 500
Trust Cos.
Ask
......
!70
>oo"
5
Trust Co's
BROOKLYN'
Bid Ask
Brooklyn Tr 425
170
Flathush
Franklin
290
!15
Hamilton
300
410
Kings Co
L Isl L&Tr. 270
Mannfact'rs. 320
Nassau
210 I220
People's
350
.
50
,
j
William8b'g-|206
II
Banks marked with a paragraph
c"i >
510*
are state bank*.
New York
OC
BONDS
.
w
i
i.
i
mum.
i
St
It
lit.
A$k
Hid
us
us
U
US
U S 3a reg istered
us 8a coupon
_'.-.
u
I
i
<
1
V
U
lOT'i 108
107 i 108 ^
1930
1930 4. j
1930 Q '
L930 3.J
k L918
small bonds. .le 1918
mis.
L918
a
small iii.
1907
4s registered
s is coupon
1907
1st. Tl l!
1928
8 Is (..upon
1925
Isteri >l
1904
ion
S 6s Coupon
y.
.
V
I
:,
L08*«
108%
109
iiis^;
Ang'oi
1
3-1
108
112
3. j
Q
3
I
3.F
3-F
3-F
Q-F
A.Ug'01
112
13
13k
J
138
138
187
KIT
lose
107% 108
107 34
:,
4 J
w
I
OS
i
Currency funding is
oi Columbia 8 65a
Louisiana new consul is..
Small
"Missouri funding
189
North Carolina oonsol 4b.
Small
-
I
a
re
yr
n
tin-
—
12
901 : BS.'
-
1939
4ks
gold
red
ral
i.
ti
110
100
1st
S
1st con
g is
,11,
\
i:.;
;
i
,
Hi
in
a.
mo',
li
109
1
2
1
1914
Aug'01
L09
L26
.
J'lj '01
Wug'O]
.
uiv
1995
106
1
130 k
in.;;.
So Carolina i '28 2016!
[Tenu new settlement 3s..
Small
Virginia fund debt 2-3s... 1991
Registered
(is deferred oertls
" >»';•"
96% Sale
in.;
L02
100
26
Ml Bit
MS
10 in
,1
oii'j
Aug'01
oY>"
96
!> li'Ol
96
93>a 96 34
05
'i
96H
a
96
:,:„,i
isi
7*i
10»,
Railroad
Alabama
Cent s.c.soRv
laba Midi Set Sav Fla<& v¥
Albany <8 Susq See Del<& iiu,i
Allegheny Valley 6'esPenn BR
Alleg cB west See Bun B A E
;
100
lol
99
J
k
.'
100
100
J
I'm
4
i
i
80
84 k Sale
-J
in
:
b7k
O
O
\
I
LOS "4
102«a
oi
SB
Aug'01
sl
84 k
87
k
I
...n.sol
190]
Sinking fund 6s
905
Chic a Iowa Div 5s
1922
Denver Div 4a
L949
Illinois DlT O'-js
hat a DlV sink fund 5s.. 10 9
1919
Sinking fund 4a
iraska Extension 48.1927
1927
BcglSte red
L921
Southwestern Div 4s
Joinl bonds See Great North
,ii lure 5s
19TS
Man iV; SI Jos consul Os.,101
Clue A, B ill 1st s £ OUT 68.1907
1934
1 si consol g (is
1037
General consul 1st 5s
1037
Registered
ciiicA-. CndC Ry 1st 58.1936
IhiCagO 6c Brio See Erie
hi,
A l.oiiisv ref 6s...l947
K, funding gold 5s
1947
T
Louisv N A <fcCh 1st 68.1910
hie Milwaukee & St Paul—
lO'.'oA
L02
A
ni
\
A-O
L01
F-.\
F-.\
.l-J
I'M'
L02kSale 102 k
A-O
A O
io5i
'i
loo'.,
102k
;
,
I
IOJ'.j
1
!
.
101.
-
I
I
H).,'„.i
ri
.
.113
1
100\ 100^8
;<
109k
121H
J-J
120k.
J"-J
121
109 k.
112
137
122*4123
'«
;
M-N llOklllk lOkJ'B "i
|lOt»kAi
M-N
100 bJ'ne'Oi
M-S
M-N
M-S
J-D
A-O
M-N
M-N
5
•
.
lOOkAuK'Ol
121 Jn, nl
10S«e 112 34
112
115
135>4l40
115 127
L12
L22k Aug'01
115
119
l-S'4
I'.'l
Auii'Ol
.null]
Aug'OO
112 4l25
k Aug'01
:,
(
1
Cen t of N J
Ann Arbor 1st g 4s
A1996 Q- J
Atch T
S Fe gen g 4s.. .1006 A-O
97
96
Aug'01
95 101
104 142 10178 105
Aug'01
102 104
1
11
Aug'01
lll»aAug in
117 Apr'01
'..03%
Sale
1096 A-O
108 34
103
07 k
ii),',..
120k
114k
113
117
180
192k
115
124
.
J-J
J-J
(
180 Muy'O!
172 1eApr'00
1902 J-J
Jan '01
190
'(1995 Nov
1903 J-J
Adjustment g 4s
1st
SJOfc
97 H 9734
& M7s
86*4 99
lsl Aug'01
05 May'01
stered
„...'ll995 Nov
95
cine Mil& StP con 7s.. 1905 J-J
94
oni'd
94% Sale 94 34
il995 Nov
94 34 16 90
96»4
ion J-J I12kll3»4 lllkAug'Ol
Terminal gold 5s
10»4 Aug'01
Equip tr series A g 5s.. .1002 J-J
General g 4s series A..el989 J-J 110*4
105kPeb'98
Cine & St Louis 1st 6s. .1915
el 989
Begistered
Atl Knox A Nor 1st g5s.. 1046 J-D 100
108 May'01
108 108
Generalg 3*98 series B.el989
nokJ'iy'OJ
Atlanta & Danv See South By
Chic & LSuDivgSs
1921 j-j 116
Atlanta A Yailk See South Ry
119U 110*4
Chic cfcMoBiY Div 5s. ..1920 j-j 119
llOkAug'Ol
Austin & N
See Sou Pacific
j-j
115kll0k
1910
ChicA PacDivOs
116Sb
34 Aug'01
Mich
Creek
S
See
Cent
U6
6c
Chic&
Wlstg5s
jj
P
1921
Eat
112 A.i-'i'l
alt
Ohio priorlgSks. 1925
95
95 5g 18 95
97 3
Dak& GtSogSs
1916 jj 112
95k 95 14
Vj
131*4
137kJ'l.V90
/ti025
Registered
95 Mar'Ol
Far 6c Sou assu g 6s
95 H 95
1924 j-j
/.104s A-U 103 "4 sale 103 34
120 34 Aug'01
Gold 4s
68 99 105
104
1910 j-j "121
HastA DDivlst7s
110*->Mavol
lol'.j Aug'01
Registered
711948 Q-J
1st 5s
1910 j-j 107k
101 "a 104
188 Apr'01
Subs to conv deb 4s
1011
106>2 138 lOO^HO
1008 j-j
106
I 6c D Bxten lst7s
116
118 J'ne'OI
P Jun & Uiv 1st g 3ksl925 M-N 88%
88 Hj Aug'01
BaCrosse&D 1st 5s. ...1919 j-j
87^2 91 h
*108*4
Registered
108 J'ly'01
j-j
pl925
Point
Div
M
5s..
..191
Lneral
B
115
89 4 Sale
89^4
Southw Div 1st g3ks... 1925
1010 j-j 115 Sale 115
90
12 SS^ 92
So Minn Div 1st 6s
Registered
Oo'vJ'ne'Ol
711925 y-J
Southwest Div 1st 6s. ...1000 j-j 114kll0 113 Aug'01
90>a 91
116
Monon Kiv 1st gu g 5s. .1910 FA
111
May'OO
llOkAug'Ol
Wi8«6 Minn Div g 5s.... 1021 j-j
Cen Ohio K 1st cg4ks.. 1930 M-S
116 J'ly'01
111 J'no'99
Mil&NoD3tM L 6s... .1910 J-D 114k
121k.M.iL'ol
Beech Creek See N 1" C & H
1st consol 6s
1913 J-D 118*4
Beilev & Car See Illinois Cent
141 J'ly nl
Chic & N'west consol 7s. .1915 U.-F 130 7 8.
Boone Bridge See Mo K. <fc T
105 k 105k
1002 J-D 104 4
Gold 7s
Bklyn & Montauk See Long 1
100'_ J-D
104^1 J'ly ni
Begistered
108*4 J'ly '01
Bruns <fc West See Sav Fl &
Extension 4s
1880-1020 F-A
BuHalo N Y & Erie See Erie
107 Mar'00
Begistered
1886-1926 F-A
3
110 Apr'01
Buffalo
Pgen g 5s.. .1937 M-S *115k.
118 »4J'ly'01
General gold 3 ks
1087 M-N
lis 118 4
Debenture 6s
103 NH'OS
1947 J-J
Begistered
pl987 Q-l?
AU <fc West 1st g 4s gu..l90» A-O
Sinking fund 3s... 1879-1929 A-O 116 117k 116 J'ly'01
Cl<fc Mali 1st gug5s.... 194Li J-J
111 Oct '00
103 Apr'97
Registered
1879-1020 A-O
Roch& Pitts 1st g 08. ..1921 F-A 120
131 J'ne'01
Sinking fund 5s. ..1879-1920 A-O 108^4
L08k Aug'01
130 130 4
Consollst g Os
1922 J-D 120 129 "2 129 May'01
Begistered
L07»8 May'01
1879-1929 A-O
129 131
Buffalo & Southwest See Erie
Debenture 5s
1909 M-N io§" 110 k 110 Aug'O]
Buffalo <fc Susqu 1st g 5s. .1913 A-O
Registered
1000 M-N
100 Nov'99
108% Apr '01
Registered
1913 A-O
Debenture 5s
i'ffk 117*4 Aug'01
192] A-O
Bur Cedar R <fc No 1st 5s. 1900 J -D 105
117^4 Feb'98
Begistered
105 78 105 7e
104 k 108^
1921 A-0
Con 1st & col trust g 5s.. 1934 A-O 12238
Aug'O]
1 23 'y Aug'01
Sinking fund deb 5s
1933 M-N
i'2'4" 122
110k 127k
Registered
123 May'01
1934 A-o
Registered
117 Nov'00
1033 M-N
Wlstguos.1921 A-O
Des Mo & Minn 1st 7s. .1007 F-A
113H>Dec'00
St List gag 7s.. ..1927 J-L
113 Jan '01
Milw 6c Madison 1st 6s. .1905 M-S 107
1908 J-J lOOUSale lOO's IO6I4
North Illinois 1st 5s
111 J'ne'01
Canada South 1st 5s
1910 M-S 108
105k 100
107J-2
2d 58
110*4 Aug'01
1913 M-S 107 8
ott C F 6c St Paul 1st 5s 1909 M-S 107k
107
107 111
Registered
1913 M-S
Winona & St Pet2d7s..l907 M-N II934
L20*« Nov'00
107 Aug'01
100 34 108
Carb & Shawn See 111 Cent
137
West 1st gOs 1921 M-N 137
L37
Carolina Cent See Scab & Boas
Ext & Imp sl'und g 5s 1929 F-A 124=8
127 J'ly'01
Carthage & Ad See N X C A; 11
137
Apr
'0]
Ashland Div 1st g 6s. .1925 M-S
143%
's
Ced It la i' & N See B O it & N
140 Aug'01
Mich Div 1st g 6s
1024 J-J 138k
r
Ceu Branch D I' 1st g 4s... 1048 J-D
Convertible deb 5s
90
L07»g 1-,0'ni
91
Aug'01
91
95
190 F-A 105 k
Cen Branch Ry See Mo Pao
i Qcomea
L13 Apr'01
1911 M-N Ill
12s Aug'01
Central Ohio See Balti 6c Ohio
chic Bock Isl& Pac 6s... 1017 J-J 127%
12li'>..) Iv 01
Cen KK 6c B Of Ga col g 5s 1037 M-N m^Sale 102^ 102 k
Registered
1017 J-J 120*8
96 103k
111,,
Cent of Ga BR 1st g 5s..pl945 F-A 110
General gold 4s
tor.'V sale
loss J-J
120 k Mar'Ol
119
120k
Registered
^1945 F-A
Registered
1988 J-J 106 106 4
Cousol gold 5s
00 7 .
1945 M-N 107>2l07 78 107k 107
Des .M 6c Ft D 1st 4s.. ..1005 J-J
is 07 '4 L08»4
oi-'Mii
Registered
1046 M-N
1st 2ks
1901 J-J
"si" '.'.".".
96 Oct '00
Dee '00
07
1st pre! income g 5s
pl946 Oct
82 Sal
Extension -Is
190i J-.I
8Ui
82
84 "a
60
1
*31
K,uk
Aug'01
2dpret income 5s
pl945 Oc1
& DesM 1st 5s
1023 AG 'fid" Y.'.'.Y. 111-s
8 32>-2 31'8
20
32'e
3d pref income g 5s
Ihic & SI ti See AtchT & 8a l-v
pl945 Oct
1 9 k
19^ 19k
8
21
Mac 6c Nor Div 1st g 5s. 1946 J-J
due st l a N o See ill Cem
05 Dec '99
Mid Oa<t Atl Div 5s.... 1017 J-J
chic .st 1.4. Pitts SeePennCo
102 J'ne'99
inc SI P M <^ i) con Os... 1030 J-D
Mobile Div 1st g 5s
1946 J. •108
106 Oct '00
138*5
Cent of N J 1st consol 7s.. 1002 M-N 103^.
Ch st P & Minn 1st g6a 1918 M-.\ L31 k
104 34 J'ly'01
104 a4 108
10
General gold 5s
10ST J -J 129
Nor Wisconsin 1st 68. ..1930 J-.l
Mar'Ol
130
137 1
130
20 127
Registered
St P<fc 8 City 1st g 6s...l919|A-0 129
M087|Q-J
130 J'ly'01
..127 137
<fe
Registered
07
i
lol
-J
i960
7s.. .1903 I-J
I
^4 Aug'01
1
.
.\
19 19 A
Bf 8 6s. .1912
lien 3ks... 105O
Lei
is
1
135" 18619
•_
12]
-J
M
l
105
105
121
1092
Iund0s..l0o;;
3s
j;
a i:i\
.in
106 >a 109
i;
....
i
.
iiiu.ling
loo
1
i
N
J-J
ioso J-J
ii
Keglstered
eb'98
ise^a j'iy'oi
L20
Mar'00
I
'
1
1
i'05" Feb'bi
'1
Iti
00
Mar'Ol
.
k
1
»54
I
.
1"'\
108
M
M
M
i
arm sin- vaJ 1st g6s.. lot MS
KHz Lei a n s gn gSa.. L902 M S
M-N
ni.i
r By 1st gu g
^.ug'98
1
104
pl910 o-M
il
b
Aug'01
10s
LOS
107
1919
Am Dock 6c Im
-s
i
1
Apr'01
u-<-6-
102 k.
10
8
108
107*4.
1920
1
l
Br gen a l> 1941 i s
Set So r.o ll
PttCitic
a Bav si g 7s... 1936 J.J
\ c,
& Ohio
(doll A (i
j
00
1901
1901
4a
foal
v,
1900 J-J
b 5a
£'<.'<?
hi
.
LS^Ang'Ol
Aug 0]
t'l
l.i7'-j An
May'01
ll
r.oii
137
loo'-j J'ly '01
113k
J
J
(tell
Hlvs
exl guar
.
1
U
lin.l
.v
.
I
1
no
JiiyK
bid
0]
In
Sept. 8
& Imp pu
i.
consol
Itcse
Diet
mm.
Jtice
CHANGE
h'o
r'ne'01
J'ly '01
107%
IdsS, 109
09
i
Class
Class
BONDS
1
,
.hi
Foreign Government
S o£ Mexico s g 5a oi 1899
Stun- Securities
Alabama class A to 5
Small
Si
I
Jtlnt'.
High
i.uw
INC.
l'\
Weekly and Yearly
Record, Friday,
<M u r Ml -
Dot
'.'
.
(
y.'n
Sang* or
tost Sale
Friday
Sept. 6
r. s. Government
_ ii< red.d
oonsol
8a oonsol oou pon ,...d
s 2s oonsu] reg small. .d
2a oonaol coup small, d
•
m»wt
BTOCK EXCHANGE
Y.
— Bond
Stock Exchange
U6c
8t
1st 78
V lst7s*gKD.1902 J-J
£gold
BD
188k 190
<'
J
1
1
n
ki
I5«a
114k
116k 121
118
W
<.fc
11
110
1
Ms
104
180
'
122»4
116kH9
110kl22
1U»4 116*4
.)
1-..
120*4 i'-'6k
110*4 110k
MS
M
185*4 188
117 "s 119
JUS 110%
11476 119k
H
113
1
.
10skH2
109 k
:
HOk
1*13*4 il6%
108*4
J
.
nok
107% 107%
108
110 34
108% 108%
110
V
117*4
121*al25*4
123
122
.
CRIF&N
M&
113
111
113
111
llOklllk
J
MULS&
141*4
123 k 12 7%
L43%143»4
:
,
k
104 34 108
W
1
42
1
104k 108
:,
R&
117k
116% 120
119%
12 kl'-'2
116
11.;
107%
113
113
127*4131%
49
12'i'-l.i2k
10
,
us
;
I
110k
.14
H2k
i
142
140 k
•
.
1
.
MISCELLANEOUS
Street Knilway
Brooklyn Bap Tr g 5s
1045 A-O
Atl Av Bklyn imp g 5S..1934 J-J
BkCitvlsT con 5s. 1910, 1011 J-J
Bk Q Co & S con gu g 68.1 94 M-N
Bklyn Uu El 1st g 4-58.1950 F-A
Kings Co El 1st g 4s.. ..1940 F-A
Nassau Klec gu g 4s
95 J-J
City 6c S Ry Bait 1st g 5s. 1922 J-D
Den Con Tr Co 1st g 5s.. .193:! A-O
Den Tram Co con g6s..T910 J-J
107
110
118" il5"
102
101
Sale
91% Sale
1
.1
1
Met By Co 1st gu g 6s. .191
Det cit StRy 1st cong os.1905
Gr Rapids By 1st g5s...ol916
Louis Ry Co 1st con g 5S..1930
Market St C Ry 1st g 6s. .1913
Met St Ry gen col tr g 58.1997
Bway&7lhAvlstcg5sl9l:
IIONDS-Continucd on Next Page.
Street Railway
107 Aug'01
107 110k Met st Ryr-( Continued)
Col Ji 9th Avlst gu g 5s. 1993 M-S
110 Jan '99
I., \ ay A 1'
lsi gu g5s 199
.MS
111 116
113k Aug'01
101 Mm ol
100 k L05*a Met \VS El(ChiC)l8tg Is. 1938 F-.\
3
Mil
KI
I.
30
By &
100 4 101
jTg 58.1926 F-A
38 08 103
Minn St By 1st con g6s..l919 J-.l
91k
92k 7 88 k 95
St Paul City Cab cong 58.193' j
gold 5a
95
J'ne'OO
Inn!
I
J-J
Ave
si coil
in, ui Kl
1
lsl
gold 5s
guar 4s
1937
J
193'
1
2000
J
120
122 k J'ly '01
122
113
Apr '0)
kJan 'oi
120
""
126
121k
-.1
-J
125k
:
.1
(ChiO) 1st g 5s. .10 15 \-0
Chio St 40-yr Lai cur5s.l92S M-N
40-year oonsol gold 6s. ..1936 \i n
1
\v
r-j
J-D
j-j
109
Mar'98
tins and Electric Light
F-A
1 18k Aug'O]
117% 122k \ Uinta Q I. Co lsi g 6a .1941 3
J-D 119k.
tr cl
J-J
118*4
120% J '1 vol
Gas Lsl cod g 5s 1945 M-N
Registered
Bklyn
1943 J-D
ll&%Dcc'00
Due May j/DueJ'ne /iDueJ'ly
No price Friday; latest bid and asked this week, o Due Jan
pt
j-j
119
1
.
1
•-
1
•
<
115
»
*
119k
Option sale
Bond Record— Continued— Page
481
BONDS
i
lot
:
MM
.1
.'.
11
A
i
oonsol
l>
Bd gold
7s.
I
CIStLAC
1;i;;
•'•
'
gn g
IhI
SeeCi
112',
o
113
Lia"!
(.a
kl936
._'.-.s..
Q.
I
1st pi 6s...dl938
1st con 4s... 1940
Peo a Bast
Income is
CI Lor A- Wli <-..n
ch'v a- Marietta
Clev a Mahon \
g Be. ..1938
j
ai
Pitts
1st gold
iColorailo
106
104
iy'Ol
181 %
l-i
1
131
L30
'v.!
70
.i
See
Penn
i;:i'i
1
1
1
45%
70
Sep '00
A- s.ni
rj.v.,130
129% 130%
L29%May'01
1st g 4s... 1929
,i
HI
S.-ilr
82%Sale
bS^Sale
j
FA
31
81
82%
82%
88^
88
78
77
83
871...
87%
89%
Conn<fc Pas Riva 1st g 48.1943 A-0
& Gt So See C & St I>
M
Waco SeeM
K* T
Del Lack<& Western 78...1907 MS
Morris & Essex 1st 7s. .. 191 M-N
ii; j , ...
136%....
lOl^...,
I
1871-lnol \-0
7s
1st consul iruar 7s
1916 J-D
Ri glstered
W
NY
Const ruction
l.:ick A-
1915
135
132
J-l.
<fe
\
...
::;<»....
107
M-N
A-O
117"e
H9
K-A
.MS
liihi'.'.'.'.
MS
1917
Alb & Sua 1st con gu 7s. 1900 a-o
1906 A-O
Registered
Guar gold 6s
1906 A <>
1990
Registered
RensAfc Saratoga 1st 7s. 1921 M-N'
Registered
1921
Del Riv RR Bridge SeePaRR
Denv& R Grist con g 4s. 1930 J-J
1936 J-J
Consol gold4%s
Improvement gold 6a... 1928 J-l)
Rio Gr So gu See Rio Gr So
Den & S West gen s f g 5s 1929 J-D
Des Moi & Ft D See C R & I P
Registered
...,
115%
iri"ii3"
ao
MX
115
92% Sale
Des M & Minn See Ch & N W
Des Moi Un Ry 1st g 5s. .1917 M-N 106
Det M <fe Tol See L S & M So
Det & Mack 1st lien g 4s. 1995 J-D
Gold 4s
1995
Dnl<& iron Range 1st 5s.. 1937
Registered
1937
1916
2d 6s
DulRed W<fc S Istg5s...l928
Dnl So Shore & Atl g 5s. .1937
East of Minn SeeStPM&M
Va & Ga See So Ry
& East 1st g 5s. 1941
Eliz Lex & B San See C
O
12034
101%MayOl
101
138%Au^(ll
136 34 140%
1
136% 140
J-D
A-O
'.
2
104%
Oct '98
hi
103%Oct
136%
118%119%
1331-2
'00
117 8 May'01
117% 117%
147% May '01
145% 147%
149 Atlg'Ol
116 Jiic'ol
122 J'ne'99
lll%J'ly'oi
112 J'nt'ol
152!4 J'ly'Ol
151 Jan '01
149
7
102% Sale 102
108 34
123%
120*4 Apr *01
L88 J'ly'Ol
133%J*ly'01
lid's 120% 119%J*ly'01
1st 0s... 1921 J1923 K-A
5a
Term Improve 4a
1923
Syr BlngA N Y 1st 7s.. 1900
Warren 1.si ref gug3%8. 2000
Del& Hml 1st Pa Div 78.1917
•
111
112
116
111%111%
112 112%
150 34 153%
151 151
10234
100
104%
J'ne'Ol
108
107
111
92
96
Aug'01
92
93
Feb '01
111
150
117
112
108 34lll
A
II
i
nl
II
n sol
115%.
102
91
116
102
85
110
J'ly'Ol
JUy '01
116
102
91 34
116
A-O
j.j
J-J
J-J
J-.I
j
.j
194]
1921
J
.1
-l
D
A
Georgia Pacll
io2 "
Bo
i
1
i
treenbrier
i:;i|i
\
al
I
113
113%May'01
112
112%Apr'01
112%112%
115
M-N *110%.
<fe
Erie lstextgold4s
1947
2d ext gold 5s
1919
1923
3d ext gold 4%s
192(1
4th ext gold 5s
5th ext gold 4s
1928
1st consol gold 7s
1920
1920
1st consol g fund 7s
Erie 1st con g 4s prior. .1996
Registered
1996
1st consol genlieng4s.. 1996
Registered
1996
Penn coll tr g 4s
1951
BuffN Y«fc Erie 1st 7s.. 1910
gold 6s
Buff&S
1908
Chic& Erie 1st gold 5s.. 19S2
Jeff RR lstgu g 5s....ol909
Long Dock consol g 6s.. 1935
Coal & RR 1st cur gu 6s. 1922
Dock & Imp 1st cur 6s. .1913
Y & Green L gu g 5s. 1946
W
M-N
M-S
.1
1929
-1
t
a
Ms
A-O
J-l)
M-S
M-S
J-J
J-J
J-J
J-J
F-A
J-H
108
.
i
consol
si
106
122%.
105
.
137%.
Ill
J'ly'Ol
J'ne'01
116
105
137
137%Aug'01
115
116
118%121
Oct '98
109
1942
1st general gold 58
Mt Vernon 1st gold 6s. .1923
Soli Co Branch 1st g 5s. 1930
Et& Ind lstcon gug6s..l926
A-O
A-O
A-O
123
108
J-J
J'ly'Ol
110
123
109
.114
114
Aug'01
115%118%
Aug'01
...
108
126
111
114
106
j
.1
i
107
1999 J-J
V
97
101
.
..
97
106%
107
711
r!
;
1951
1951
Ri gistereil
vi
113
115% Apr '01
13% Mai 00
ib'i'
1(14
103% 109%
!15%
1
'
104
Aug'01
107%
102% Apr '98
S
MS
1952 An
1952 A -o
o A; Tex gold Is.. ..1953 M-N
1953 M-N
tered
Cairn Bridge gold 4s
1950 .id
LoulsrilleDiv gold 3 %s. 1953 .r-j
Regist eriil
1963 J-J
1921 i-'-a
Midland Div reg 5s
St Louis Div sold 38....1951 3 J
Registered
1951 J-J
1951 J-J
Gold 3%s
Regist ered
1951 J-J
Spring Div 1st g 3%8... 1951 J-.I
Western Dines 1st g 4s.. 1951 F-A
Registered
1951 K-A
BellevAl-Car 1st 6s
1923 J D
Carbife Shaw 1st g 4s... 1932 MChic St I. & X O g 5s.. .1951 J-D
19..1 J -I)
Registered
Gold3%a
1951 J-P
Registered
19611 J -D
Memph Div 1st g4s... 19511 J-D
Registered
1951 J-D
St L Son 1st gu g 4s.... 1931 M-S
Ind B1& West SeeCC (A- si I.
1st g 5s
Ind Dec &
1935 J-.l
1st guar gold 5s
1935 J-J
Ind IU& la 1st g 4s
1950 J-J
LN
104
16
J'ly'Ol
mi'', Jai
105 J'ue'01
98 Jan '00
gold 4s
'I'iiisi
11
io4%MayVoi
i'o'i"
W
104
106
ibo"
'
111%.
101 3 i
100% 103
100%J'ly(i;
.
118%...
101 34
MuV99
23
90% Apr '0:
tin
Aug'01
101
10!
v,
101%Ort
'.'1
>4
102%
'99 ....
ion
112%
Nov'00
112% Aug'01
127
124
90
127
106
108
4
Jan
124" i'24"
'01
ib'2'%";!;
105
107
100
129
101
"78"
MS
107
v
ib2"%N"ov 00
Int& GreatNorlstg6s..l919 M-N *126
2d gold 5s
1909 M-S
3d gold 4s
1921
Iowa Central 1st gold 5s.. 1938 J-D
Jefferson RR See Erie
A & G R See L S & S
Kal
an <fe Mich See Tol & O C
KC&MR&Blstgug 58.1929 A-O
112% 115%
May'Ol
NoV9fl
Aug'01
126
129%
123%
107 '4
107%
105
107
123% Feb '01
100>4NoV00
99
W
81
118
115
J'ne'01
99% 99%
99%Ai)r'01
127% Aug'01
103
80
L
11
4
128
103
SO
124
96
65
Aug'01
Aug'01
Aug'01
nsuiia
M
M
See
K&T
gold 3s. .1950
Kan C & Pacific
Kan City Sou 1st
70
70
69%
63% Oct '00
.123
119%J'lv'01
A-O
1950 A-O
Kansas Mid See St L & S F
Kentucky Cent See L & N
Keok & Des Mo See C R I & P
Knoxville & Ohio See So Ry
1st g 5s.. 1937
Lake Erie
2d gold 5s
1941
North Ohio 1st gu g 5s. 1945
L Sho & Mich S See Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Registered 5s
1997
LehValN Y lstgu g 4 %s. 1940
Registered
1940
N
&
Caney Val See
.
J-J
M-N
M-N
110% May'Ol
110%110%
Aug'01
Mar'01
108 4 111%
109% 111
110
J-J
J-J
109
J-J
J-J
ib'fv!
M-S
M-S
A-O
A-O
"ai"'.
.
A-O 117"!
A-O
72 ij
67
J'ly'Ol
110
A-O 110
16
118 34 124'g
117 119%
110 115%
.118% 118%
J-J
111
112
118%
109
1
J'lv'00
109% Oct
'99
109
J'ne'01
9*5"
96%J'ne'01
101% Sep
109
ib'6"
'99
Mo P
See Erie
1st cong5s./il931 Q-J
1st consol gold 4s
M931 Q-J
121
102 34
General gold 4s
Ferry gold 4%s
Gold 4s
100
Bklyn& Mont
J-D
1938
1922
1932
1949
1934
M-S
J-D
M-S
1st g 6s.. 1911
M-S
Debenture gold 5s
97
*
J'ly'Ol
121
123
101% J'ly'Ol
101
105
105
100
102% 105
121
.
.
.
100
99%
95
J-D
115%.
106%
A-O 110%.
M-S 109
1911 M-S
IstSs
.
.
J'ne'01
Oct 00
100
Feb'01
18
112
111
'
13
M
101
95
120%
114%
99 34 104 14
110% 114%
.
>
97
95
109% 110
109%J'ne'01
107 Jan '99
105 May'00
113 Dec '00
Q-J
119
J-D 119 119% 119
114
114 114
1937 M-N
1940 J-J 101%101% 101% 101%
Unified gold 4s
Registered
1940 J-J
111 Aug'01
Coll trust gold 5s
1931 M-N
100 34 Aug'01
Coll trust 5-20 g 4s. 1903191s! A-( *100 34
Cecilian Branch 7s
1907 M-S
106 Dec '00
E H <fc Nash 1st g 6s.. ..1919 J-D •i"i8% ii« 116 Apr'01
LCin& Lex gold 4%s... 1931 M-N
103 Jan '98
N O & 1st gold 68. ... 1930 J-J i'29i4
Il30 J'ly'Ol
MISCELLANEOUS BONDS—Continued
'.
99
102
116
116
130"
130%
on Next Page.
Gas and
find Electric Light
ChGL&CCo SeePG&CCo
Columbus Gas 1st g 5s
1932 J-J
Con Gas Co See P G & C Co
Detroit City Gas g 5s
1923 J-J 100
Det Gas Co con lstg 5s... 1918 F-A
EdEUllBkn SeeKCoEL&P
SeeNYG&ELH&P
EqG LN Y 1st con g 5s. .1932 M-S
Eq G & Fuel See P G C Co
1.
97%
97'., Salt
Gold 5s
123
107
1
103
i
N YB<feMBlstcong5sl935
111 118
& R B 1st g5s
1927
NY ShB
94
94
lstcon ggu5s ol932
Nor
100 107%
115% 115% Louisv & Nash v gen g 6s. 1930
107%111%
:
101
90%J.uro"
v N n
Unified gold 4s
118%Aug*01
118% 115%May'01
118% 115 Aug'01
2d gold 4^8
1937 F-A
94 Feb '01
General gold 5s
1940 P-A 105% Sale 105% 105
Terminal lstgold 5s. ..1943 M-N 115%
115%J'ne'01
Regis $5,000 each. ..1943 M-N
Wilk<fc Ea lstgu g 5s. 1942 J-D 108%110 109% Aug'01
Erie & Pitts See Penn Co
Eureka Springs 1st g 6a.. 1933 F-A
65 Nov'97
1st consol 6s... 1921 J-J
123
108
140
.
J-
M-N
N
MidRRotN Jlstg68.1910 A-O
N Y Sua & W 1st ref os.1937 J-J
123
108
jo
...
Soy 00
.1
g 4a 1941 \ o
'1
lloiisi i. a
>x See so par
iioust a Tes '.N See So PacCi
Illinois Central 1st g4s.. L951 j .1
Ri glstered
L951 J-.I
1st nold :.
1951 J .1
19
Registered
92% 96% Long Dock
136%136% Long Island
J-J
M-N
A-O
a-O
M-N
May'Ol
lol<-. 101
Ry
120% 121
29
31
86%
'<
Reglstereil
Col a H
1st ext
Leroy
93% Sale 93%
93%
133% 136% 136% Apr '01
106
I
ml
I
118%119% Leh V Ter Ry
118% Jan '01
120% Apr '01
-Mar' 9 s
10
N
1st gu g 5s. 1941
Registered
1941
Coal
*110%.„. 111 J'ly'Ol
Leh V
Co lstgu g 5s. 1933
111 118
"115 123 1" 123 34 Mar'01
Registered
1933
123 34 124
Leh<fc N Y 1st guar g 4s.. 1945
107 J'ly'Ol
107 107
1945
Registered
139 142 142% J'ly'Ol
140 143%
135%May'01
E1C& N lstglstpf 6S.1914
135% 135%
Gold guar 5s
1914
98 34 Sale
98% 99 106 95% 101%
99 Aug'01
Leh <fc Hud R See Cent of N J
99
99
"88% Sale 88%
Leh <fc Wilkesb See Cent of N J
89^ 195 82% 91
121
122
*
1
lot
s6%
See Penn <
Gray'a i'i Tei m See St 1. S vv
(.i Nor
C i;a Qcoll tr4s L921 J-J
.land
.....
102"
h \:y
Gila V -.a .Nor Si
(join- a- iisw egat >•
<
100
O
9
1.'.
(/I
High
I
&W
92% Feb '98
ElmCort&No SeeLeh&NY
Gas
1
.T-J
.--
."s
try 1
High Ko
AtU Low
104
-
Pai
Sin
11 'I
Hi
I. II
J-J
Registered
ast Ten
Elgin Jol
Ev&TH
B
Sept.
1930
191
4 '---
l:n
ii
i
A Ala l!y 1st pfgSs...
Coll
a-
Dak
alias A
l
A si j.. Bee
Han
ousatonic Bee N
73
i
Registered
hut
is
Mai
1st gold 3s sterling
o
I
si
i
..
a
i
Hock
100
95
97
Sale
o
n
1.
1st g
138
133" 1384
133" J'iy'ol
97
Oil
1
.
115%
191
Greenv .sec So Ry
Colct Hook Val See Hook val
Col Conn A- Term Bee N A W
Colum
l
i:;;;''i \'a()
Col Midland 1st g 3-4s.. ..1947 J-J
:
Loo" Loo'
>
1990 Yin
Bi gistered
Nov'99
I
Lis"
129
a
\
38
103
Q.J
K68 1933
Bee Penn RH
1st
J'ne'01
f
L928 J.
I
I
loo
Mil
1
&
1,
14
1
mil J-D
oonsol 7s
Bisk mi. 7a ...1914 J
General consul gold 8b. 93 I J-J
1934 J-.I
Registered
i.i a
\v 1st prel 48.1910 a <>
Tii.
,Clev
1
106%
102
J'ly'Ol
L()8
1,,
,,,,
i
(•(.us.. I
iiui a-
981.1
l.ug'0]
99>a
100
102
M A
Pi
RloGr latgl
liar A- s a
Set So
10.-,!.,
i
lslglllllls
sirred
Cin 8 A CI 0OB Isi
o
101
I.
119
J
lo:i
I
w
\„-'o'
Hit
'
lino m s
S|.r a Ool Dlv Lai g
\v Val >iv 1st g La.. .1940 J.J
C I si J. a C oonsol 8a. L920 M \
I
in
99'-
is.,
0004
Inl
103
.1
i
'til
* 'ill
1.
Bee B R a P
A SI L, general a Is. .109a ji
po Div 1st gold la.... 1939 J
cin \\ A M Div 1st g 18.1991
Bt I. i>iv Lai ool ir g le.. L990 w n
1
\s
i-'i
/
Clearfield a Mali
W
115
113
i
'
a
a
Ii v.
1
l
i
<
See
Co
L)
I
.
Oct '00
Set
M
ii a
Pen
Land gr exl gold 5a
15
1
.
J
M-N
5a... I'.'H
a >i
CCCS1
S«
Cin s A
V
-
Lai
L03
.i
.1
*
-
L905
..
>ai
i
Oin da-
l
,il,
,
Bid
god
s.,
u
lint .t L'cre
[.'
I
•''''
Ocl
1110
It
BlCDDtl
K
I
/
Rangt
irk'K
II
EXCHJ
High
!IK
i
Cm
U'l
107'i 107',
118
L19»4
HiT'i.i
'i
10%
1
.
./inn
High
Bid
KB
Chicago Ter Ti
tafg 8a 1919 m n
ChloS Wi
'/!'.'.
(,. in ml gold
..
d
Ohio A Weal Mich Kvfis.. 1921
']*->
Choc (ik
i
5
Bt pfc
'
I
or
Sale
BTOI K
N. v
Since
Range
a
BON DM
Range
Weetet
N. Y. STOCK' BXCHANG E
MHS.. -I
Will
[Vol. LXXIII.
2
Electric Light
Newark Cons Gas con g 5s 1948 J-D
68.. .1948
Purchase money g 4s... 1949 F-A
Ed El 111 1st convg5s..l910M-S
1st consol gold 5s
1995 J-J
NYGELH&Pg
Sale
100
106
100
Aug'01
94
102
103
106
EdEIll
118% Mar'01
<fc
Gas& Elec Berg Co eg os. 1949 J-D
101 J'ne'01
GenEleoCodeb g 5s
1922 J-D
185%Apr'01
Gr Rap G L Co 1st g 5s.. .1915 F-A
107 4 Dec'0U
KC Mo Gas Co 1st g 5s... 1922 A-O
Kings Co El L & P g 5s... 193 A-O 125
Purchase money 6s
1997 A-O
126% J'ne'01
Ed El II Bkn 1st con g 4s 1939 J-J
96% Dec '00
LacGasLofStLlstg5s.el919 Q-F 108 Sale 108
108
Mut Fuel Gas Co See Peop Gas
* No price Friday; latest bid and asked this week.
a Due Jan
LJ
&PG&E
118%118% PeoGas& C
1st
1
6
96
105
120
116
96
95%
109 Aug'01
121 % A]. '01
g 5s. 1949 M- S
6s. .1904 M-N
1904
1943
101 102%
1947
155 185%
ChG-L&Ckelstgug5s 1937
Con G Co of Chlstguff5s."i6
Eq G & F Ch 1st gu g 6s. 19' 10
Mil Fuel Gas 1st gu g 5s. 1947
124%126%
Trenton G <fe El 1st g 5s. .1919
107 110
UticaE L<fc P lstsf g 5s. 1950
Western Gas CocoltrgSs 1933
e Due May ADueJ'ly
J-D
A-O 117
M-S
J-J
J
-
94% 98%
102% J'ne'01
106% 109%
121%
121
102% 104%
107 J'ly'00
lO'JUJ'ne'Ol
102% 104%
1
124%.I'iu".'l
Dec '98
120
126
111
May'Ol
108
111
108
102
106
109
J'ne'01
J'ly'Ol
'104 34ll0
Aug'01
Feb'01
106
109
106
111
J-D
J
M-N
M-S
IO8I4II6
116
Sale
108
gu g
2d guar gold 6s
1st con gold 6s
Refunding gold 5s
d Due Apr
1
NY&QElL<fcPlstcongosl930 F-A
Paterson
117
JO
106
102
102
109
J-.I
M-N
k Due Aug
!l07%Jan*01
Due Oct
q
Due Dec
1
....
s
104%
I07%107%
Option sale
SEriEMISER
7,
Bond iteCOrd— Continued— Page
1901.
BONDS
.
Louisv a Nasi
(.urui".
N O a M 2d gold 6a ...
J
Penaaoola i>'\ gold 6a... 1920 M-S
v
i>i\
i.
'.•::«
I
gold
!«i
i
"
\
m a M
.•.
K
!•'.;
mm
anli
a
i
.
A
910 A-O
A
1
s
i.
I.
I'
I'
1
"-
J
i
v
li V
\ \ Cent
Metropolitan El See Man By
Jdi \
msol sold Is. .19] .r-j
lei consol Income g Ss.a 193!
2d consol income ir 3s. .n 193
KiiuipA ooUgoldoa
1917 A-'o
irx gold 3a
1919 A O
l
117
1
.
Mex North
Mil
Mil
NJ
S<S
I.
\\
l
1
j
2d gold 4s
99
109
100
100
111
112',
...
111
Boonev
I
I
1
liilg
Co gu g
1044
906
7s.
1
Wa 1st gu g 6S. ..1940
MK&TofTlst gng5s.l942
Sher sh & So 1 st gug6s.l943
A-
a
M-N
M-N
M-N
M-S
J-D
F-A
I'.
1906 M-N
1st consol gold 6s
1920
Trust gold 5s staniiied.nl 91 7
Begistered
al917
1920
Registered.. i
1920
Cent Br Ry 1st gu c 4s. 1919
Leroy&C VALlstgSs 1920
Pac R of Mo 1st ex g 48.1938
2d extended gold 5s... 1938
1st coll gold 5s
M-N
M-s
104
Urn
liM'-
Hon a Tol
MuCoi
11413 i 16
1
1
!._.
v
114V
so Sale
33 78 Sale
23
23 >s
SO
86 «a
88 "i
13
MH.,
90
31
13
27
::.".
sj.,
fly '01
m:i V Apr'00
86 .riv'oi
88
.7
91i (
150
1
119
171-jF.
LIB
S
l.'iil
103
Sale
110
J'ne'01
103
98=b Sale
83 -\ Sale
110
1021-2
103
I003bNot'99
97
99
IOL2 J'ly '01
1131-2 1151-2 114
J'ne'01
107
114
...106
ibo"
110
105
110^
11634 Sale
87
91^ Sale
'2
-
19
90
100
105
113
114
4
121
.
115
113
Dec '90
111
Dec "99
11
J-J
J-J
M-S
Debenture g 4s
J-D
N
<fe
S
II
&
liar 1st reg
M-S
RB
&W
1053a
i of "sale
121
1
22
"a
_'.-,'_
1
in
\
Oil
'Oil
LOO
100's
107
Aug'01
102
Feb '01
200
208
Aug'01
133ia.
I.
195
ul
134°8 J'ly'01
102
196
105
102
203
117
134
136
110
110
.
J-J
J-J
M-S
M-S
102»4 Sale
131
132
Jan
110
Apr '01
I02 s4
IOIHjNos OS
1321-2
M-N
Q-J
Q-J
16 IO2I4IO8
134
102^ Sale
112i4.T'lv'(ll
Il()i4ll2ia
132
131
134
132
Muv'Ol
Aug'01
Aug'01
10234
1021-2
a-o
1922 J-J
'00
114
1<I2V|
M-N *112i4
M-N 132 134
f-a
A-O
A-O
'a
107
130
138"a
131
181
134
99 1-2 104
48
97% J'ly '00
106ia
107iaJ'ly'()l
99 IOI1-2 10034 J'ly'01
KM' 2
104 34 Sale
J-D
J-D
105
186 103
103i-2jlv'01
7134
7214 203
72 14 Sale
7134
70
Q-F
O-F
107 1-2 107 1-2
99 103ia
Aug'01
70
99 34 J'ly
106
128
132
122
112
108
88 4
116 14
i'28ia !!!!!!
121
111 112
101
86
115ia
106
lOS^
73?8
723,,
09'-2
70
....
9934 102
'01
128
i'28" 1311-1
J'lv'00
Feb '01
1-2
1
:1
22
122 Hj
1-
HIV. 117
112
100
J'lv'01
102
May'00
Aug'01
115HJ119
JlH'Ol
112
112ia
108
111
105
I
1121-2
95
Dec '00
109
Aug'01
06
Aug'01
Deo '00
102
12
,l'h 'ul
J'ly '01
...112
1
95 34
Sale'
101
101
lOo'i Mav'Ol
101
105
100 \.
lO0 n4
iii'i'.;
iii'-iK
iis
95%
94»a
94'a
90
111
106
':::::
J-J
J-J
We
1117
108
llo',
001-2 ioo'.2
;
'07
90
Aug'01
o:.',
F-A
F-A
F-A
.I-J
104ia 108
lOO^S.-p
J-l)
FA
104 h J'ly '01
107 hi J'ne'01
108 Aug'01
1 09 19 May'01
Co 1st g 5s... 1940
Missouri See Mo Pac
1st s fund g4>-23..1917
Sink fund subsidy g6s 1910
Penn Co gu 1st g4ias
1921
1
02
4
101
1 02
10338
'-i
00
96
94
071-2
071-2
931
Mar'01
Mar'01
96
111
96
95
-eri'sA
Series
'109
Oct
00 i-ji 02"
v coal
en Next
A c
ire
J'ly'Ol
111
J-J '111
lllia
112
Aug'01
111
1051-2
L09
J'ne'01
111
j
Nov'00
A-o
114
114
U4 1sJ'ne'01
II4I4H8
14
J'ly'Ol
UO'-j F.iroi
1
113
lOfl
10014
07
I
lOl^lOliaAug'Ol
55 Nov'00
this
week.
L6I3
07
Mi
'
li
1
ll36i4 Apr'01
1130 Apr'01
IOCI4
1061-2.
100
;.;i.i
....
:
.
1
106
Ietg6s..l919 a
A; 1 1st
g6s 1926
Coal 1st
1
.1
1.
1
Ills
110
106
III1-2
1
16
110
112
.1
il
LEA
!
and asked
102
20 1»
P;ago
1
«fc
Oet '00
1
J-J
J D
1926 J-D
\ al
get 68.1928 -J
v
I'ltCA: I pur in 5s. 1040 M-N
Sun CkCoal 1st gaf 6a.. .1912 J-D
Coal T Div 1st gc.s ol917 a
Imv 1st consol 6s. 1017 j-.i
Cah C M Co 1 si gu g us. 922
D
BarC 4 I Co gu g 68.1910 F-A
\\n
PC Co fat g 5s. 1010 j.j
117
1
CahCoalMin SeeTCIifcR
Clearf Bit Coal See N Y C & H
Col C
I est 1st con g 6s. 1902 F-A
ColC & I Dev Co gu g 5s. 1909 J-J 100
121
1221-2
Sold 58
117
latest bid
j
Apr '01
5 4
1 1
1101-21141-2
...
j .j
|
'99
M-N
109
111
J-J
1940 M.fj
1045 M-N
s.Ti.s e 313 guar g....l949 f-a
07 100
LSI 7s. .1912 J-J '133
:!'
1012 J-J
Is
134
<"' •-<
/1IOI2.A-0 1281-2
•
J-J
1
1221-2
1211-2.
1
In
M-N
109
M-N UIII3
1 «i
110i3
Nov'98
L02
F-A
1940 A-O
B guar
mi
1
o
Conl and Iron
Col Fuel Co ge n - (1 (is. ..1910 M-N
n Big6s..l943 F-A
100>ai
-
\
1
M-N
C guar
Series I) 48 guar
J'ly'98
i
113
-
J'ne'98
llOOiaMav'O]
107
112
111
1940
££2?&
07
1121s
J-J
Comm Cable Co 1st g 4s.. 2307 o- J
Registered
2397 o-J
Erie T & T col tr g s f 6a.. 1926 J J
Met T& T 1st s f g5s
191s M-N
104
l-J
•
1 021
I-J
3138 coll trust reg! 1937 M-S
C St I. a- P 1st con g 5s 1932 -V-O
stered
1932 \ o
CIA 1' gen gug 41-28 ser A. 'I'] J-.l
-cries C 3>aS
1948
series DS^as..'.
I960
Erie& Pitts glig 3^8 B.ioio
series C
1940
d£e S en «u B'4 aas 1945
I O (,
St L con gu g 4 I2S
109ia
A-O
M-N
Registered
J-D
J-J|* 94
J-D
of
SeriesB
103i 8 Apr'Ol
102 4 Jan 'ill
101 Aug'01
102«4 Aug'00
M-N
Am Telep & Tel coll tr 4s 1929
No price Friday;
I
27 1» Aug'01
10714108
lno River RR 1st g 5s 1930 J-D
General gold 5s
1937 A-O
Ore & Cal See So Pac Co
Ore Ry <fc Nav See Vn Pac
Ore RR & Nav See Vn Pac
in- Short Line See Vn Pac
Iswego & Rome See
126V2 130
111 110
MISCELLANEOUS BONDS Condoned
*
L
118
I,
M-N
M-N
M
Panama
MN
1
See "\Vestn
J-D
A-O
100:1
P&NP gen
Pac
ac
MS
91 16
gen g 5s. .1920
ho \\ estn Teleg See Wes l"n
>Vest Union col tr cur 5s. 1938
Fd and real est g 4 >sa.. .1950
MutUnTel s fund 6s.. .1911
Northwestern Tel 7s
1904
Coal and Iron
-Is.
CC&TlstgugSs
96i4
124H
1U91-2
Long Br c7««CentofNJ
N i: 8U N Y N II A- II
W
Telegraph and Telephone
Mat Un Tel Co
110
<fc
NYC
OCK&StP SeeC&N
w
Coast
J-J
Begistered
1 890- 1 91 »5
Debt certs ext g 4s
1905
Begistered
1905
Lake Shore coll g 3 Hjs.
998
Begistered
loos
Mich Cent coll gS^s
1998
Registered
l 998
Beech Creek 1st gug 4s 1936
Begistered
1936
2d gu gold 5s
1936
Cartife Ad 1st gn g4s.. 1981
Clearfield Bitum Coal Corp
1st s tint gug 4s ser A 1940
N Ti N J Tel
110
W See D L W
W See Erie
A-
a-
Scio V&NEl8tgug4s 1989
North Illinois See Chi & N
North Ohio See L Erie & "W
Northern Pacific
Prior lien ry & 1 gr g 4s. 1997
Registered
1907
General lien gold 3s
02047
Registered
«2047
C B & Q coll tr 4s See Gt Nor
St Paul-Dul Div g48
1000
Registered
1996
115
110
I, I
1903
1907
Begistered
1997
Debenture 5sof...l884-l9o4
Begistered
1 884-1 ooi
Begist deb 6a of... 1889-1904
.
1
(
Gold mortgage 3 ^s
.
A
N
"i
k
1,
N V
901..
11312.
1st 7s.. .1903 J-J
1
A
Norf <t- \Vestgeng6s
1931
Improvem't ifc ext g 6s.. 1934
New River 1st g 6s
1932
N A- YV By 1st con g 48.1996
Registered
1000
iio
Cent
New & Cin Bdge See Penn Co
N O& N E prior lien g 6s i)1915 A-O
890-
\
I22ia
1937 A-O
W
^e^Ang'Ol
....128
1
gag
g0s....l923 F-A
1271-2 132
Registered certilic's..l923 Q-F
121
130
St Paul & Dul 1st 5s.... 1931 F-A
87 "a 00-M
2d 5s
1917 A-O
941-2 96
1st consol gold 4s
iocs j.d
110 11 034
"N ash Cent 1st g 4s
194K Q-M
100 lOlia Nor Pac Ter Co 1st g 6s. .1933 J-J
Nor Ry Cal See So Pac
95 J'lv'01
110 Jlv'Ol
lOlHjApr'Ol
2
No\ 00
Mar'01
l'liV'oo
120
127
Kivgug
See Long Island
See Erie
<fe
See So Pac Co
Nor<fc South l8tg5s
1941
100
107
84V
95%
L02
I:.
rov'oo
Greenw Lake Bee Erie
liar See N V C<S Hud
V Y Tex
'
NY
1
a.
N Y
NY
:
1141-21101-2
Aug'01
Aug'01
931-2
11334 119
98*3
\
St
128i2 130 1-2 130
12134
125
'-2
no
O
Nor Wis See St P M & O
Nor & Mont See N Y Cent
See C C C & St
OInd &
McM MW4A1
T&P
&
&N
New H & D teNYNH&H
N J June
See
OT
W
\ya
110i4 J'ly'00
-
L27
•
..
.1
-
68.M922
N v
91
110
117
"
91^
91>2
.
2000 M-N
id
1.1
N Y Lack
L20
'
90" Aug'01
100 May'01
105 Aug'01
115 .7'ne'Ol
116^ 116 34
u;
;ii|i
llo
1st g5s...lo
\
A-O
\\"a (i con 1st exl
B 2d gu g 5s... e\ 01 K-A
A
H 1st
58.1918 M-N
a A ink
Is L922 .l-J
tllo a si L latg la.1937 A-O
v
119'. 125 '-2
'-2
1001-2 1091-
116^ J'ne'01
1
1o:i 7h.
1
YO
98
l05-'4
107
.
Q M
19-10 J-J
L93
Convert deb certs $1,000...
Small ci rts |100
Il'.iisat.piuc R con g 5s.. 1037
99^
N 11 <fe Derby con g5s. 19ls
87
N V A- N E 1st 7s
1005
100
lst6a
1005
N Y & North See N Y C & H
100
N
& "Wref 1st g 4s.. i/l 902
108
Regis 85,000 only
ol992
105 ?8 N V <fc Put See N Y C & H
OO'i.i
1
,(.j
1st consol gold 5s
1928
Jasper Branch 1st g 6s. .1923
1st 6s.. 1917
Branch 1st 6s. ...1917
Nash Flor shef See L
It
S
M
M
OS
96 '4
75
22
100 Mar'01
106
106
lOS^J'ly'Ol
90>aJ'ly'01
100
107
Morris & Essex See Del L & W
NashChat& StLlst7s.l913
Man Bch
M-N
L902
J
.1
111U
ii'f^
pi
10 is
102
10.il
103ia
98
98 3j 116
gssfc
N
105
L02
Apr '01
98Vj
821%
lii'..
97
<fe
<fe
5s
Registered
12-_"-
122'-. 122'.
103
98
1 -.
1231- L23V
1
lOS^Apr'Ol
96
17'-2l 17
1
<fe
Begistered
g6a
19(1
-
L22>aPel>'01
120
120
120'g
1-0
:
.1
I'-'if-jAiir'UI
119
...
Registered
19 i" J
& stiu- Istgug3s.l0s'.i
D
v a- Harlem g 3>aJs...2000|M-N
R
"92"
Mai See N Y C & H
Monongahela Biv See B & o
Mont Cent See St P M & M
Morgan's La & T See S P Co
lsl
117
10
19
19
.
Lstgn6e
V
lo
.1
.r-
NY Cent & H
li
6a
Lsl
North
Sale
1st extension gold6s..M927 o-J
General gold 4s
1938 MS
J P Morgan & Co ctfs
Montgom Div 1st g 5s. .1947 F-A
St Life Cairo gu g 4s. ...1931 J.J
M
4a
86
1
"90*
.T
N Y Bkln
'.
lsl
vik-.".-
Istered
May 00
107
J-
1
!
7-
Oa
6a
J'lj 'OJ
L'.l
105
1
KB
iiiiisol
-1
24',
FA
& ref gold 4s. .1929 J.j
1929 J-J
Verdi V I & W 1st g 5s. 1920 M-S
Miss Biv Bridge SeeChicifc Alt
Mob & Birm prior lien g 5s 1 945
J
Mortgage gold 4s
1945
Mob Jack K C 1st g 58.1940 J -]>
Mob & Ohio new gold us. .1927 J -D
See
I:
v
K-A
F-A
Begistered
BB
1.
D '"I
. k a
uar 6a
M-S
"Unified
Mohawk
A
\
1
1
123>2
F-A
1
sin .1, consol 2d 7«
KeglRteretl
'...Id 3Hj«
.1
Sale
1
123ia 124^ 123 "-2
105 105^4 105^
StLIrM<fcSgencong5sl931 A-O
Gen con stani]i Rid g 5s 93 A-o
1
I
-1
-
uai'Ol
102
I
.
I
llo
1)
-
Kan C* Pac 1st g 4a. ..1990
Tebo& Neosho 1st 7a.. .1903 J-I)
MoK& E 1st gug 5s 1942 A-O
Missouri Pacific 3d7a
M on
A,
lpr'01
...
OS
1
•3
...
11 i'j...
J-T)
.1
i/10'.Hi
1st ext gold 5s
Dal
M
-
,
**
Oil
1:
Minn & St 1- gu See 80 K«S N
MAPl8t688tpd4sintgn 1936 J-.T
M s s m £ a b( g 4 mt gu 826 J
MStl'A ss \i ,.,,„ K 4 M gu-38 j.j
Minn In See st P M A -M
Mo Kan & Tex 1st g 4s. ..1 000 J-D
r
.
J
Dec
W
Iowa Kx 1st gold Ts
1909 J-D
nil- Ex Lsl gold t'>s ..1921 A-o
South West Ex 1st g 78.1910 J-D
1st consul gold 58
1984 M-N
1st and refund gold 4s.. 19 10 M-S
<
'
-,
8s
1910 J-D
Cent
See Erie
.s, Chic A N \\
A- Mad
SeeChioA X
Mil A North See Ch M & St r
Mil A: St P .S,. I'll M A SI P
Minn A- st I. 1st gold 7e.. 1927
1
194
1st gold
Set s \
Mich Cenl
1
\
\
•
IIINU
i
11".
Mex Internal 1st cong 4s. 1977 M-S
MexNal 1st gold 6a
1927 J-D
2d Ino o> a on - uiiui. a 1917 H-S
2d income golu 6sB...A1917 Vn
<
..
.
.
Mill of
.In a
..1934 J-D
Coloi
\
1
net
M^
a
8s....
•
w
McK'pl a
s
i
Hiyh
145 M-i
1'
Set
'oal
-
onsol4s. 1990 A-o
stored
1990 a-o
i
Mi tm
Man
>,,
!i
I
i
VI
li
:
A
I
>
6a
l-
i
Malion
m
l-[ g i^.s 194
Fla .'.si..ii
Pens a vi
is
\ \l (Jon gU
Mini gold
I, A J
,'.
a
'
-
I
Kt
Range or
Fridtui
Sept.
pt. 8
i
485
IIOMI-
Wetkf*
EXCHANGE
Y BTOCK
w
K.
8
a
LOO
104S»
Hunufni [urine Sc Indiisiriul
.
Duo Jan
Amer
101 ia 1041-2
.
1
e
Am
Uicycle s
Cot Oil ext
I
4
ih Ihjii 5s
'-2s
loio M
10
S
Due May ^DueJ'ne h Due J'ly p Due Nov
••in.,
09'-
LOO'a
1.
*
Option
sale.
101
09'-
99
89
102
Bond EeCOrd— Concluded— Page 4
486
bonds
\\
BR KMH.m;
1
la
\x~t
Week's
Price
stock exchange
n. y.
Bang*
Friday
or
BaU
Si it. 8
UR l«i real est g la 1923
Consol sterling g 8a
1906
Con currency Ba reg...g] 90f
Consul gold Ba
h
Registered
r»1910
Consol gold 4a
1948
Alleg V;il gen gu g 4 m... 1942
C1& Mar fat mi K L»a8..1935
Penn
M
Wi
1
Loa
2d gold 7h
Mi a Pac
•'
Oii.-i \'
•.
1
]
SBBRABgelatgu4sg.'36
MS
M
i
102
N
1
I
1
A
A-
A Irk In 1st gOs.... 1921 Q-F
gold 4
Nee
(,'
(J
I
SI
1234a..
1334a Jan '01
101
107
Feu'01
L12 J'ne'O 1
114*2 Aug'01
B"<fi
P
Div
iiiidii
M g 68.1920 A-O
Lai
1939 M N
g5a. L939 A-o
SagTuaA ii Istgug4s.l93] fa
Pine Creek reg guar 6s.. .1632 J-D
Pitts C1H A 81 L S,-c
'd
Pitts ('lev A- Tol 1st g 68. .1922 A-O
Pitts Kt \v a cii 8e» Penn Co
*
I
4
-
1 1
II
114 ..
114 34-.
SmN
PA
90
118
98
99
1174a.
I
M&
100
certfs
Ash 1st con 5s. 192
Registered
Rensselaer & Sar
11842
90 Sale
199.
1997
See
I)
A
Pitts
See
Wat & Og
Sag Tus
B K
N
&H
:;i
93
106
83
97
84
&P
Aug'01
Mont
fext
128
130
115
Sale
114
125
115
1
8
May'01
Aug'01
115
95
100
N
97 34 Sale
77
774
J
May!01
Apr'01
100
100
O
J
J
J
N
97V,
77
98
77
116V
Feb'01
1394a
139
J'ly'Ol
1114a Sale
13734 Feb'99
1144a 115
8
A-0
1934 A-0
105^
1074a.
106
107
&
A& NPac 1st ref
4
7
104a
1
J'lvol
Apr'OJ
109
984aAuL''ol
120 Mar'01
95
96
May'01
J'ly'Ol
Apr'00
May'01
138
142
121
124
12 14a Aug'01
132
140
121
122
Apr '97
122
120
Apr'99
105Vj.
111
Aug'01
1104a.
12542.
110*2 Aug'01
1264a Jan '00
924a
123 Dec'99
94 34 Feb '01
5s. ..1935
J-J
122
A-0
9742...
112*4 ...
MS
M-N
M-N
LOI
...
108
!•
119
120
1064a 1093 4
112'4
110 '4
:
10334 Ill's
30
1U 34
121
119
1104a
964a 984a
120 120
15 93
954a
116
109
88
88
1064a
Feb '01
87
Aug'01
J-J
111
101
*
87 "4"
J'ne'01
101*4
1014a 101
99 78 J'ne'00
"8734 87 4a
874a
121
112'4ll6*«
4a
1244al28
J'ne'01
J'ly'Ol
124*81*29
121 1244a
1234a Aug'01
101' 4 J'ly'00
1114a J'ly'Ol
109
111*2
106
110
Jan '99
116
10 113
Aug'01
115
116
116
91*2 Sep '00
120=8 J'ne'01
116
120 56
108«a
102
109
M-S
M-N
M-N
116*4 117
116*4
834a
120
F-A
J-J
J-J
116
116
10S"t
Oct '99
117
J'ly'00
116
Mar'01
J-D
1144a.
114*2.
119
111
A-O 114
105 4a
A-0
92
J-J
J-J
A-O
J-D
42
90
'
1908
& Nor 1st 7s
1926
& C Co See Pa RR
Gold 5s
Unl N J RR
Mavol
115
Mai'Ol
116 116
115*4 11642
115 115
104 Feb '01
119
119
98 4 99 Aug'01
111 J'ne'01
114 Aug'01
115 114
Sale 105*2 105 4,
974a 96 Aug'01
92 4a Aug'01
90 Aug'01
84
85
84
07 100
10s
105 42 Sale.
J-D
J-J
J-J
116*2
M-N
1074a Sule
J-J
107
103
104
128 34
J-J
J-J
106
1044a
104'-
107 a 1084>
110 Apr'01
103 Aug'01
12538Aut:01
117 a4 Aug'01
106 Jan '01
:,
Mar'01
119
119*4
1104a
111
92*2
85«8
73
100
106*2 108*2
'.is
251
i
i:ilti
107
'
nu
106*4
103
110
129
110
lOPj 105*4
130
121
106
119
125
115
106
117
113
1174a J'ne'01
113
94
86
88
Ang'01
:o.*>>4
100
90
110*2 111
113 117*2
113 115*4
103 1084a
99*4
95
984aJ')V()l
108
104
104
6 115*8 1204*
113
Utah Central See Rio Gr Wes
Utah & North See Un Pacific
104
111
1104all04a
Black
R
See
NY Cent
Val Ind & W -See Mo P
Ver
Irginia Mid See South Ry
1939 M-N
Wabash 1st gold 5s
2d gold 5s
1939 F-A
Debenture series A
1939 J-J
SeriesB
1939 J-J
Det & Ch Ext 1st g 5s. .1941 J-J
<fe
119
111
Sale
Sale
99
6434 Sale
16834
95 4a 98
110 113
94 34
DesMoin Div lstg 4s. .1939 J-J
1064a 109 34
St Chas Bridge 1st g 6s. 1908 A-O
87
87
Warren
See Del Lac <fe West
91*4 91»8
94
See Nor Pac
See Southern
W
West N Y& Pa 1st
.1937
Wash Cent
Wash O
104 34 Feb '98
J-D 100 100*4 lOOVi 100*4
J-D
92 U Sale
92
92*4
J-D
85 Nov'99
J-D
124
1084a 110
MS
Ore Ry & Nav con g 4s. 1946 J-D
Ore Short Line 1st g 6s. 1 922 F-A
1st consol g 5s
1946 J-J
7tl94(l Sep
Non-cumincA 5s
Utah
91 s8 J'ne'01
J-J
1193.4
1174a 120U
117 121
Deo '00
1935 J-D
WM
L&Wpr
Utica
82
I
...
^10
-*i
1
114a
Apr'01
106*4 Nov'97
J'ly'Ol
116>9
117
1
1
110
110
1
113 113
06 107 4a
14
77 7 „ 91''t
lOO'i
J'ne'01
128
126
126*4
124
64*4
117
J'ly'Ol
65<% -^
120*4-
114
96% 102*9
10 107
;
-
11034 J'ne'01
98*4Mav'01
110 J'ne'01
*«
40
110
95
110
70
111
98 4a
112
119
95
31
122
1004j
40
<fe
119 119% 119
994al00 100
40
J-J
g 5s.
gold 3-4s
1943 A-0
Income 5s
ril943 Nov
West No Car See South Ry
West Shore See Y Cent
VaCent& P 1st g 6s. .1911 J-J
95 *8 101*4 Wheel'g<fc L E 1st g 5s. ..1926 A-O
Wheel Div 1st gold 5s.. 1928 J-J
83
954a
Exten <fe Imp gold 5s. ..1930 F-A
1st consol 4s
1949 M-S
96 111
3 100
103*4 Wilkes & East See Erie
Wil <& Sioux F See St P
&
AY
15 83*4 89*2 Winona & St P See C &
Wis Cent 50-yr 1st cen 4s. 1949! J
Gen
gu g 4s 1949 FRegistered
1949 F-A
Mortguargold34as..fcl929 J-D
fcl929
]
,7 4i
..
Feb '01
Nov'OO
112
j
125
121 J'ne'01
1174aJ'lv'01
llS's 119 4.
11134 112*4 112*4
.
J-J
J-J
Cent
Registered
g
RR&
105'r
128
140
115
&W
&
&W
1st
Kan <fe
1st gu g 4s. ...1990
Tol P &
1st gold 4s. ...191
139
lien g34as. 1925
Tol St
11334 1164a
1950
50-year gold 4s
116* 8 116' 8 TorHam&Buft'lstg4s.'i.l946
116 120*2 Ulster* Del 1st con g 5s 1928
1 grg4s..l947
n Pac
103 107*8
Registered
1947
106 106
1911
1st lien convert 4s
1064a 110
Ore Ry <fe Nav 1 st s f g 6s 1909
142
116 8 Apr
llOHaAug'Ol
1164a.
114*4.
W
M
::
109'.!
4a
86*1
Aug'01
120
107
3
1 1
L104illl»9
120
119
J-J
J-J
1st con gold 5s
118*2H878
'01
»
St John's Div lstg 4s.. .1934 J-J
Ala Mid 1st gu gold 5s. .1928 M-N
Bruns<fc
1st gug4s.. 1938 J-J
SilSpOea&Ggug4s..l918 J-J
&
&
&
W
General gold 5s
M
1st gold 6s. ...1934
Mid serD 4-58.1921
Western Div
118 7
J
l>
1937
EMinn 1st div lstg 5s.. 1908 O
Registered
1908
Nor Div 1st gold 4s.. ..1948
Registered
1948
J
Minn Union 1st g 6s
1922
Mont C 1st gu g 6s
J
1937
Registered
J
1937
1st guar gold 5s
J
1937
Registered
1937
J
W111& S F 1st gold 5s.. 1938 D
Registered
1938
D
St P <fe Nor Pac See Nor Pac
St P <fe S'x City See C St P
&0
SFePres* Ph Istg5s...l942 M-S
S A & A P See So Pac Co
S F & N P 1st sink f g 58.1919 J-J
&N
111)
01
M-S
1894-1944 F-A
96 100
StLM BgeTergn g 58.1930 A-O
1023
Tex & N O See So Pac Co
97
4
1004al004a Tex & Pac E Div 1st g 6s . . 1 905 M-S
2000 J-D
1st gold 5s
2d gold inc 5s
o2000 Mai
05 4 1014a
LaDivBL lstg 5s
1931 J.J
82*4 Tol& O C 1st g 5s
1935 J-J
71
91*4 102
D
1)
E See Nor
Scioto Val
Seab<fc Roa 1st 5s
1926
Car Cent 1st con g 4s. ..1949
Sher Slir
So See
K T
Sil Sp Oca
G See Sav F
Sod Bay
So 1st g 5s
1924
Ga See Southern
So Car
Southern Pacific Co—
2-5 year colltrg4 12S
1905
Gold 4s (Cent Pac coll). tel949
Registered
fcl949
AV 1st gu g5s.... 1941
107
106
89'vJ'lv'Ol
137
123
118
'2
107U
'
102^4 J'ne'lK
10042 1004>
100*4
1933
1910
1st gold 5s
1 18
'4
108
.
1194a....
Pebo & N See M K & T
1 er A of St L 1st g 44as..l939 A-O
10242 Oct '00
Registered
SavF& W
1938
GaPac Rv 1st g 6s
1922
Knox A Ohio 1st g 6s... 1925
Rich & Dan eon g 6s
1915
Equip sink fund g 5s. .1909
Deb 5s stamped
1927
Rich & Meek 1st g 4s... 1948
So Car & Ga 1st g 5s.. ..1919
Series E 5s
1926
General 5s
1936
Guar stamped
1936
O&
1st cy gu 4s. .1924
West N C 1st con g 6s.. 1914
111 112*8 S & N Ala See L & N
11134 114*8 Spok Falls & Nor lstg 6s. 1939
111 114*8 Stat IslRy 1st gug 44as.. 1943
125 136*2 Sunb & Lew See Penn RR
112*2119
SyraBing&NY taeDI.&W
114"flJ'ne'01
1st gold 4s.. ..1937
Dakota ext gold 6s
Registered
98
894a
Aug'01
111
4s. .1929
to gold 44as..l933
1st gguar4s.l949 A-0
Greenvlst6s
19K J-J
W
Northw Div 1st g 4s.. 1930
Southw Div 1st g 5s.. 1947
Kansas Mid lstg4s
1937
Registered
'01
>.,.rn.
1
1
i<5
1
E T Va A Ga Div g 5s.. 1930 J-J
Con 1st gold 5s
1956 M-N
E Ten reor lien g 5s
1938 M-S
105** ids
80*2 84
92*a 94*4
120
StL&SFRR gold 4s. .1996
Reduced
.
113 Jan '01
104 "a 1074a Ma '01
863e Sale
86
111
112
1104a 110'-.
106*4 10»»4 108 >a J'ly'Ol
ins
L06«*8 Apr'01
lly'OI
108 *a
AO
Virginia
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
1st trust gold 5s
1987
Pierce C& O 1st g 6s... 1919
M
I
1
984a 10334
93*4 96*4
.S'eeTRRAof StL
W
1
'.
10078 1007,.
96 Aug'01
88?8 Sep •(){»
105 FeVOl
82?8 J'ly'Ol
92 34 J'iy'01
95
354a.
StL&SFran
St Louis So See Illinois Cent
1st g 4s bd ctfs.1989
St L S
2d g 4s inc bond ctfs...pl989
Gray's PtTerlstgug5s 1947
St Paul & Dul See Nor Paeifle
St Paul
& Man 2d 6s. ..1909
1st consol gold 6s
.1933
Registered
1933
!
I07
'
1
DO'-jJ'lv'Ol
1005
1st g 6s series B
l8tg6saeriea & D.1906 A-O
l8tg6aaerle8E<fe F.1912 A-O 119'i
1st gold 6s
1912 A-O
1st con guar g 5s
19H7 M-N M0814
Stamped
1905-1937 M-N 100 '4 Sale
SPacofXM<-xl8tg6a..l911 J-J 110
SP Coast 1st gug 4a.. ..1937 J-J
Tex &
O 1st 7a
1906 -A
I133fjll8
Sabine Div let g 6s. ...1912 M-S Ill
Con gold 5s
1943 J-J 114
99 1004a Southern— 1st con g 5s
1994 J-J 1164a Sale
98 10078
Registered
1994 J-J
121 121>a
Mem Div 1st g 44a-5a... 1996 J-J 10S4a.
92 4a 99
St Louis div lstg 4s. ...1951 J-J
92
92
Ala Cen R 1st g 6s
1918 J-J 115*'
At! & Danvlst g 4s
1948 J-J
M
Cent Div 1st gold
..
136
A
1920 J-J
Cal 1st guar g 5s. 1927 J-J
Col<fe
101
St Law & Adiron lstg 5s. 1996
2d gold 6s
1996
St L & Cairo See Mob & oin<
St L & Iron Mount See
P
St L K C & N See Wabash
StLMBr
}ln)k
Vovt
Atl& Yad
100
See
Y Cent
See Pere Mara
alt LakeC 1st g a f 6a. .1913
8t Jo& Gr Isl 1st g3-4s.. 1947
Borne
j'ly'97
J'ly'Ol
II
Kich & Dan See South Ky
Rich & Meek See .Southern
Bio Gr West 1st g4s
1939
Consol ami col trust 4s .1949
Utah Cent 1st gu g 4s.al917
Bio Gr June 1st gu g 5s. ..1939
BiogrSo 1st gold 4s
1940
Guaranteed
1940
Boch &
Ang'Ol
Aug'01
1214aMai'ol
95 4a
9(i
92 Apr '01
1144a
1154a
iry 1
Ao
ges'SOM-N
& T 1st 71.1918
K
J'ne'99
loo
Co
YA
Reading Co gen g 4s
Pitts
Nov'98
121
..
02
SA& APasBlstgu g 4a. 1943 J-J
SoPof Argn
909-10 J-J
SPof Cal 1st gOs
1605 An
127
126
108
109
a ce
-ii
L06 .no
106*3*
Ill
in*
101
1104a
Ill
A-0
NoofCallst gug68....1907 J-J
Guaranteed gold 5s.... 1938 A-O
Ore*
<
'
loo's
N V T AMex gnlstgU.1912
133*4 1334a
10742 Oct '98
119
11:'
l"7'i
8*5
....
nu
M-N
1
1st gold 6a
Nov'97
137
T
Waco&N Wdlv 1st
1124a
Morgan's La
(
Pitts. rune 1st gold tis
1922
Pitts a I- Erie 2d g 5s...al928
\ Cen
Pitts MoKeee a- Y
Pitts
K 1st gold 6a. ..1916
Pitts Sn A L E 1st g BS...1940
!i IS
1st consul gold 5s
191"
Pitts A- West lsi g4s
JP
112
I,
M921 M-N
1st consol gold 6a
1M
C
4;*
PereMarq
il7"Mayvo'6
1
Peo
IV,.
2il
106
115
\\
lli'/li
106
108
108
!.'
Jan '01
112
l
11
A
Salt
i
FA lloUHi
1906 J-li
gSa....l981 M-N
gfia 1924 M-N
J!ange
or
h
11
Bid
1st gag 5s redeemable.. 193: m
11 a
BslBt gu..l937 J-J
"1
6l Jut u'liar... 1912 A-O
Gi n L-oiii 4a Lnt goar.. 1921 A-0
Nov'97
Mar'00
A
Gr it a- ei 1st gug i'.
Sun .t Lewla Lit g as.. .1986 J-J
U N J B.B A Can gen 4a. 194 M-8
Pensacola it A
Set LA Nasi)
l.:ist
L2»4
Ihi
1
B
lioiiH
l
1 rnln
,-/il.
i;m.im, BBFT.
i,K
neck's
Price
stuck BXOHAJTGX 5!
N. Y.
High HO Low High southern Pac Co tcuniu
Mo>
1..1I lliircfe S A 1st g6a.. 1910
Ask tow
Hid
January
<s.
"5
BONIM
Jlangt
Since
H
[Vol. LXXI1I.
119*2
100
Mar'01
N
W
'J
114
1114all5
111 115
91 78 Saie
11 3 4a Mar'01
115 4> J'ly'Ol
113 May'01
112 J'ne'01
1134aH34a
114 1174a
111 >4 11634
112
112
33 89
01*8
y3'4
88*4
89*2 141,
94
M M
N
j
89*4 Sale
S5*4
924r
MISCELLANEOUS BONDS—Concluded.
Manufacturing A: Industrial
Am Hide & L lat s f g 6s.. 1919 M-S
American Spirits Manufacturing 1st gold 6s
1915 M-S
Am Thread 1st col tr 4s.. .1919
&
J-J
Miscellaneous
93
94
79
90
S Car Co 1st g 6s... 1942 J-J
Distilling of America collateral
Bar
trust gold 5s
1911
Bramercy Sag 1st gold 6s. 1923
1910
111 Steel Co deb 5s
Non-conv deben 5s
1913
lnt Paper Co 1st con g 6s. 1918
Knickerbocker Ice (Chicago)
1st gold 5s
1928
Nat Starch Mfg Co 1st g 6s 1920
J-J
A-0
78*2 J'ly'Ol
105
Jan
59
90*4
98
78*4
85
Adams Ex col tr g4s
194S M-S
Am Dk & Imp 5s See Cent X J
Bkln Kerry Co
1st
99% Apr'01
99
108*4 Sale
A-0
93
M-N 1084a 111
Jan
1004a J'ne'01
108*4 1084a
93
100
100
1004a
15 105
111
107
92
110
96
j'-'j
A-O
Hack AAT at Reor 1st g 5s. .1926 J-J
Hend B Co 1st s f g 6s. ...1931 M-S
Hoboken L& I gold 5s. ..1910 M-N
72*2
464a
90
73
Sale
"36"
Safe'
86 4a Aug'01
73
Mar'01
30
30
73
111
113
104
104
84*4
10
109
91*4
78
111
294a 35 42
68
111
Nov'99
Mad Sq Garden 1st g 5s. .1919 M-N
Man BchH&Lgeng4s..l940 M-N
Newp Ne Ship & D D 5s <>1990 J-J
N Y& Ont Land 1st g6s.. 1910
Aug'00
108*2 Aug'01
94*4 96 J'ne'01
"62'"
Sale
5234
52
6*2 Sale
6
o4a
114 ...... JL114
lit
A*
115
±±0
Nat Starch Co s f deb 5s. .1925 J-J
ptan Rope <fe T 1st g 6s. ..1946 F-A
Income gold 5s
1946
TT ~---"-**fc»*
S LeathCosfdebg68..1913
V>W O X UOU f$ IJ.1..1^1d ITI-J^
M-N
No price Friday; latest bid and asked, a Due Jan
90
'99
104*4 104
*
con g 5s 1948 F-A
BklnW&AVH 1st 5s trctls..
St Yard col g 5s. 1915
M Id gr 3*as S A. 1911
Det M
ChicJc&
'00
<fe
85
90
J-J
A-O
F-A
914,
F-A
L Ter Cupples Stat'n & Prop
Co 1st g 44as 5-20 year.. 1917 J-D
Wat Co con g 6s. .1923 J-J
Yuba
S
90
Oct
'99
St
101
Feb'97
Works 1st 6s. 1906 M-S
1134aJ'ly'Oo
,Udl XBl.
1st Os fl %JO
Vermont
5s. ..1910
AC7JLVJ....
....... ....-1... ........... I.... ............
V CLlHUllLi Mar
113
O HO
6 Due Feb d Due Apr j/Due J'ne ft Due J'ly k Due Aug n Due Sep p Due Nov q Due Dec s Option sale
54a
12
115
ID
J.
Sp Ar al
AAT at
September
Volume
THE CHRONICLE.
1901.]
7,
Gats f*« in pii'-
Business at Stock Exchanges
of
tmtnolls
1st
UAl LY,
STORK BTOI
\v
AMI
EI-.KI.1
\\
mi
.Shares
EABL\
\
11
I
.
a.
,ui
J'lir
\"
»
.»
.
.
:
WabV
.
Bonds
value
.-'J
SI
I
N
\l
1
lsl
.'
Us 1926
l^t
Id ./inlay
118
iy
3,56
1
n
\ v
DA'S
$2,017,600
1,500,000
47,790, urn
18,360,700
1,020,500
30,420,600
Saturday
Ill
)
Hi
pi.
1.
1
irk
l
* l.ooo
"Y.
i
pi
a
id [ml Con \at d
isi Oa 1926
1
hi
.
.
h
,
Week ending
Sales at
fork Stock
$9,500
January
Sept. 6
1 to
Sept.
1901
1900
1901
—
1
6a
9,500
3,075,5110
0,045.500
mis. bonds
$3,136,000
^6,056.0001
$7,
I
'.,i
i
1711
$6,49
i
l'Ml
Bond
shares
sales
827,9
'omnur In Tel N
1
$335
Tuesday
Wednesday.
Thursday
Total
79,168
37,405
12.:: so
16.175
9,194
$20,040
28,400
65.220
59,100
212,034
51,688
172,760
"4iVvs; ""TsiiVss
40
34
1
106
60
102
J-J]
1
1
I
shares
>
Telephone
at
1
15.441
7,776
4,393
200,600
160,700
85,356
63,064
$614,100
1
:il
1
j
lei
1
66
.hi
6
'j
1
!
100
6
12
BO
'ail lauo
1
4
\
100
l's
.-,;,
101
101
llu
120
Co com. 00
I
rclal.1
no
42
Hkr-Jonee .1. w'lMill pfd
lsl 6s 1022
>IS'
Herrlng-HaU-MaxvlnlOOl
jsi preferred
10
8*i
moi
terred
I
44
...
96
1100
2
'
30 r'45
ioo|
IOOi
4
pn ferred
I. amid; EmplOO.
110
115
Hoboken
86
5s 1910
M-N
106
Internationa] Elevat.100
.. prei
Internal i'..-,\
100
110
.<
30
LOO
Chemical
red
.Mig
1
100
100
ana Commi
Pn
!123
7s
90.'
8
Preferred
ii..
1
II
25
ProvldenoeTelephone.50
Southern A Atlantic. .25
Tel Tel <t Cable of Am 15
'"Hi
"aoiisj
i"
rl
1
Bosto u list
Bosto
L24
L26
169 ,17
M-N
5s 1920
22,284
23,848
28,315
10,909
L915
1.1
Empire Steel
;....
Set
Set
Pacific .v Atlantic
....
....
65
•
Noithw estern Teleg...50
N Y& X J Telephone 100
sales
1
lsl u.s
ral
'
naiional Ocean. 100
1
1
Empire State Sugar.. 101
lllst
100:
New Eng Telephone
Bond
n listed
hi.
HI
-
Franklin
Gold d Slock
A
16
1
I
.
I
I
!)24*
10
Hudson River TelephlOOj lis
I
20
i...
luu
luu
fcrred
Baj Stale Tel 1001
eh g<£ t lep See Bjoston
10115
Listed
shares
Boat
1. 11
.
•
1
Kmpd
$731,303,870!
HOLT DAY
HOLI DAY
Monday
Ei>
list
]
1-89
J'hiladelphia
tii I isted
Diamond
Dominion Securitli
89
A.
.
1
Listed
shares
92
07
Bell Telepll of Bulla!-.
otral d- Bo \m< r ..100|
eleph.. 100.
lies 6) Poto
EXCHANGES
Sept.
Is
> i
Telephone
Amer DJatTelcgi n i i100|
I
*7'l
$70
2,286,400
727,663,000
Boston
88 \
si;'i
!
-lock.. 100
.
1
lc.101
80
u
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELP11
Weekending
x
*»
..100
..100
94
.
luo
Mllwi.lUU
stock Exch
us
!
D
1
944.. .MS
1.
Telegr
1
1
$1,401.
$51,001'
$1,000
Total bonds.
in
See
pSton
urn
18
I
e liipiiits
KB. ami
111
5a 1946
.
BONDfl
Government bonds
I
as Block
''
1900
795,192
204.646,1
$77,945,400 $19,930,71 1,675
•»! .17",
*l
$129,476
Stocks No. shares
1,794,110
$175,965,500
Par \ alue
A", ihi.i
$5,000
Bank shares, par.,
in
B
See
...5(!
io.;7..i .1
ih
I,
,il
lsi
Exc It an ye
1
-
1
~i ,joa<
045,500
1.794,1 in *175,965,500
Total
Ga
'ouaol
1
110
1107
\
I
$40,381,800
Bday
Friday
Atk
Hi
.
-.
Tuesda}
U
ilul
5s n 1037
-
'I
tding
>i
50
1-
1
1
stocks
fuoi
and
Inriuatrinl
Bid
las kto<
1
1
m
at Tin:
Ti:a\.«
1-7
1
lo
160
i
hx.h
Exch
list
97
100
John B Btel ion ...1II..1IIU
Chicago Edison Co. ..100
10
Tr. terred
Kddv EleotricMfg o.25
100
..n Monotype
Edison El 111 Co Brk X v Stock Exck
20
s
Isilison ore Milling ColO
11
Lawyers Mort (nsnr.100
Lawyers' Surety
l»4t
2
lou
ro-Pneum'ioTranlO
Ins. ..inn
leneral Electric Co N v Stock Exch \.\t\s
Do pre! See Boston list
Lonllard P) prel
100
Hartford (Ct) Elec Lt 100J 105
Madison s.| Garden.. 100
03
M-N
Narragan (Prov) El Co 50
2d 6s 1919
N. w Vork<& Queens Eli
Mi x Nat Construe. pflOO
22
Light eft Power Co. .liiu
2?,\ Monongahela K Coal.. 50
100
65
Preferred
67
Preferred
50
Rholsl Elec Protec ColOO 119
Mosler Safe Co
100
Storey General Elec. .10
11
National Carbon
12
LOO
lool
17 Hi 20
L liitedEleclricof N J100
Preferred
70
72
X'at Enam'gift Stamp LOO
4s 10LT;P
I'n I. mil
Unit EledLt"<fePo"Co".".5CI See Ba It list
100
130
126
140
135
185
95
200
inn
Xat'l Gramophone
National Salt See N E"Stk
3
Exch
list
National Surety
New Central Coal
145
27
so
L56
32
114
il'5"
IIH2
.
»
I
7
inti rna.
Pump
i
St
St
lnteruat'1 Silx er
Us 1948
Companies
Allegheny Co Lig'tColOO 165
Electric
[170
i
J-D
ron Steanihoat
Lsl
2 "a
26.1
1
I
i
14
;
I
Outside Securities
>
!
1
325
i
120
m
I
For Weekly Bevieiv
of Outside
Market See 7th rage Preceding.
55
i
65
1
Street Railways
Ask
Bid
NEW YOHK CHI
Bleeck St & Ful F stk 1 00
J-J
1st linirt 4s 1950
B'way eft 7 til Ave stk. 100
1st mort 5a 1904. ..J-D
J-J
2d limit 5s 1014
Con 5s 1943 See .Stock
B'way Surf 1st 5s gu 1024
2d 5s iut as rental 1005
Oent'l Crosstowu stk. 100
M-N
1st M 6s 1022
Cen l'k N <ft E Kiv stk 100
J-D
Consol 7s 1902
Chnst'rcfc 10th St stk 100
CoUfc 9th Ave 5s See Stock
Drv D B B tft Bat stk 100
37
34
101
246
104
108
102
110
Ex eh
list
101
Hi
250
H:
4114
Si 04
255
4125
208
103
175
116
105
1
30
220
105
185
Kxch
list
120
125
Street Railways
nid
Indianapolis St Ky S-te
J C Hob <fc Paterson..loo
4sgNovl 1940... M-N
Lake St(Cliic) El stk. 100
Deb 5s 1928
J-J
Louisv St Ky 5s 1930 J d-.J
Lynnd; Bos 1st 5s '24. J-D
Minneap St Ky 5s See Stk
New Orleans City Ky 100
Preferred
100
North Chic StT stock. 100
1st 5s 1906-16
J-J
North Jersey St stock 1 00
4s 1948
M-N
Pat Ky con 6s 1931.. J-D
Phila
4
M
115
103
23
82 Ha
13
13'4
103
U18
4113Hi
Exch
2d0s 1914
105
120
15
1
NYdiBlstOs
Con
26
SOHj
8
)
NY
W
Bkln Q Coi Sub SeeStk Exch list
Bklyn Bap Iran See stk Exch list
Coney Island <ft Bklynloo 320 330
Amer Light &
Tract. 100
Preferred
100
103
Baltimore Coiisolulat Set
Bay State Gas
50
U1H; Binghamton Gas
100
5s 1938
A
109
Boston United Gas bonds
Buffalo City Gas slocklOO
1
"a
'.,
107
Detroit city Gas
Iietroit Gas See
X Y
102
107H.
82 J*
Oil
110
102
Exc
x list
315
Pitts Bess<ft
list
Industrial
1
5
24
t
Price per share.
25
29
100
28
87
5
JOH2
165
8
OHj
:.'."..
34
25
1
44 '4
32H
f
95H3
i
1
33
96
%
58
25
Preferred
100
American Clucle Co.. 100
Preferred
100
71
7 5
lu
Preferred
6s See Stuck
i
86
Ami
9Hi
5 Hi
t
35
LOO
Exch
Ami
r Shipbuilihug...luo
Preferred
LOO
Soda 1 01111 com.. 100
isi preferred
LOO
preferred
LOO
athrai
tie
LOO
Preferred
33
103
5J
..
I
101
19 H
100
Union Copper
Union
20
8
67
Hi
74
H;
in
42
>v.
'
74
[erred
•
rred
2d
U S Cast Iron
J
Pri
s Cotton
12
U s
Duck
.-
J
40
.".
3
USB
li.
13
100
UMi
60
5u
1
LSI
1UU
.
.'7
70
75
LOO
Bond
Mort Guar. ..luu
Hi u'h Columbia Copp.
llnloid Co
100
.
4
....
USi
Stock
21
16
I'J.V..
127
111
150
1
1
l:t>,
100
100
d
45
T.
L35
350
(ft
'
3
Exch
1..1
l'relei red
opper..
Lnc < oal.100
Preferred
Trow Directory new
95
46
100
buss Company com
List
24
See Sto< k
Barmy & Sm Car
U.M.j
1
...
100
Papi
coal
7
105
Am
\
6
1-
Hi
36
99
6
8
'_'ii
American surety
Proferred
L919
l()i.
4
1st 6s 1908
A-0 1106
Title 1. uar d Trust. ..inn
}<<<•
5
com
Trenton Pottery
36
7
Am
Amer woolen
Amer Writing
80
70
t
Preferred
Locomotive See Stk Exch
Press Aasoo'n. lou
80
Aim rican Screw
771.,
si raw board
Bouils Us
t> pefo're stock
1
Lisi
r
Amer
'
e
1
32
100
'U....J-.J
<ft
28
117
1
lsi
Tennessi
0'-
Amer
52
S«itt^ Co
ilsl
:,
Exch
Set S
nielil
Lisi
-I'i
65
771
J..100
6101
Lisi
31
American can com.. .100
Amer Bide A Leather 100
104
eo
1
N
Standard loupli oomlOO
100
Preferred
Stillw-Bn -rd sin VptlOO
Storage Power
t
eft
Preferred
of
I
Sloss-Shi
Amer Graphophone...lU
95
Standard Oil
stand in
alt Lisi
1
-is
102
I
,
150
128
5s
36
74
71
1
Am AgTiC Chem See B os ton
Amer Bank Note Co.. .50 56
Am Bicycle See N STStk Exch
117
i
35
1
Mer Comiit. ..u.s
AmaJg Copper sec Stock Exch
1
10
."•
50
nud Miscel
Aberdeen Copper
115
112
1
LE
Preferred
50
Seaboard Air Line See B
108 Hi
43
1
.
Hi
-.
110
31
--111!
17
85
26
S4
,S'< ('
.
Grand Kapids Gas—
unarm silver
Otis Elevator com
i
Preferred
Pittsburg Brewing
Preferred
Pittsburg Coal
Preferred
Pitts Plate i. lass....
MX
50
Stk
50
1st 5s 1915
F-A
Preferred
Hartford (Ct) Gas L...26
100 102 105
Coluni Ky con 5s See l*h ila list
Hudson Co Gas
loo
Crosst'wn lst5s'33.J-I) 4110
113
5s g 1949
Grand Kapids Ky
100
25
27H> Indiana Xat ,v. ill Gas—
Preferred
100
sl Hi
1st 6s 100S
79
M-X
03
100
inn
100
LOO
50
50
l»u
100
4sHi
luo
18
..
170
L72
iston List
Planters' Compi
Kailroad
Pratt d; Whitu pref.,100
87
Chic Peo & St L pref.100
4
5
Procter A Gamble.... 100 339 :Ui
Prior lieu g 4 "28'30MAS 4105
107
Preferred
100 206 jus
Con mts g 5s 1930.J<fcJ
90
lioyai BakPowd pref.100] 100 :ioi
92
Income 5s 1930
Rubber Goods .Ml^ Set St ockEx list.
14
16
Deuv d- So stocks
s tk Ex list
_..
60
Russell d- Erwin
63
5s 1929 See Stock Exch list.
115
150
Safety Car Heat & Lt 101
1
Detroit Southn (w i).100
14
Simmons llardw com 100
14
168
Preferred (wi)
40 3j 41i.
100
141
Preferred
100
1st 4s 1051 (w 1) ...J-l)
145
83
85
2d pit tei red
100 140
Ft Worth <ft Bio Gran. 100
101
236 250
Singer Mfg Co
K C Ft Scd; Mem pf (w i) 76Hj 77 Standard MiUing Co. lot
4
6
Bl Eg g Is 1936 (wh issl 8 86
19
Preferred
100
87
60
|
Essex d, Hudson Gaslou
106 H. Fo*t Wayne (Ind)—
01
1st 68 1925
J-J
Nicholson file co
L13Hj
New Jersej
eft
48
N Y Biscuit Us 1911. M-S
X Y El V Tr ($20 pd)lon
in.
N Y Realty Corp
110
70
96
82
4
n\
14H2
100
20
100
X V Euan & Imp
list
1st 5s 1946
J-J 105 Hi 107
.1
<fc 23d Sts Ferry 100
80
1st tnort 5s 1919. ..J-lJ Mu;,
IDS
Union Ferry stock.. .luo
11
40
1st 5s 1920
i 96
98
111)'-.
.1
US'.,
M-N
10th
100
1
210
20
114
lus
66
95
X V <fc Hoboken stk. 100 79
Hob Fy 1st 5s 1946 M-N 8112
Con 5s 1046
J-D 4 92
New York
22
92
ConsumGas(J City)—
1st 6s 1904
M-N 4103
18
113
Exch
1st 5s 1922
!
Buffalo Street By—
1st consol 5s 1931. .F-A| air
Deb 6s 1917
A.0
Chicago City KK stk. 100 206
Cleveland City By
loo 123
Cleve City lst"5s 1000.J-J 103 'a
Cleveland Electr I'.y.lOO
SO
Con 5s 1913
.*..M S
lOS^a
Columbus (O) St By.. 100
47
1911.J-J
See Stock
Metropolitan Ferry 5s...
Ferry stk. 100
-J
1003
102
Bait
Sscrtfsindbt 1003.. J-J 101
1
BrkCd; X 5s 1939.J-J 113 Hi
29
GrSt<fcXcw 1st 5s '06 F-A 104
93
Gr'pt ifeLorimer st 1st 6s 106
Bosto 11 list
Kings Co. Elevated
4 H:
7.'.
1st 4s 1940 See Stock Exch list
1st 5s bonds
70
Nassau Elee prel
loo
83
85
igoGas SeeH V Stk Exch list
5s 1944
A-0 1 13 114
Cincinnati las & EleclOt
105
1st 4s 1951
J-J
98Hi Col Gas Ed: Heat com luo
85
NewWb'g d. Fl i si ex 4 'as 106 108
105
Preferred
LOO 101
Steinway 1st 6s 1022. J-J }119>a 121
1st 5s 1982
107
J
L06
Consul Gas (X J) stk. 100
14
OTHER CITIES
1st 5s 1986
S3
J J
50
1st 5s
1
5s 1948
X Yd; E K
106
1
"i
Brooklyn Ferry StocklOO
:;l
105
200
22
MS
Ferry Companies
list
•JO
101
4126
A-0 4103
(new). 100
30
loo
86
Hi
list
20
81
Rochester Ky
118
104 Hi
Preferred
400 410
Con 5s 1030
A-0 112*2
2d 5s 1933
FA 105 100
J-l)
99
305 405
So Side El (Chic) stk. loo 109
65
70
42d St
Syracuse Rap Tr 5s 1946 100
«ft 8t N Ave 100
17',
lstiuort 6s 1910...
112Hi U4Hj Union Trac(Chic)couiloo
101
100
99
2d income 6s 1915. .J-J
Preferred
68
-'7
loti
Exc
k
lisi
Unit
Lex Av <fc Pav V 5s
Rys (St L Trans)
"a
Preferred
luo
s 1 ••,
Ninth Avenue stock. 100 196 205
Gen 4s 1934
J-J
89
Second Avenue StocklOO •J 12 215
lstmort 5s 1909. ..MX 4106 Hi L07 8* UnitTrd Elec (Prov)lOO 100
West Chicago 8t
100
F-A 4119 120
Consoles 1948
215
M-N 4101
Cong 5s 1036
Sixth Avenue slock. .luo 175
Sou Boulev 5s 1045. .J-J 4111 115
Gas Securities
SoFerlst 5s 1919.. .A-0 -a 08 no
NEW YOHK
Third Avenue See Stock Exch 11st
Tarry \V P <ft M 5s 1928 105
108
Cent Union Gas 1st 5s... a 09
YkersSl l;l; 5sl946A-0 104Hi 107
stock X \ Stock
Con Gas (X
28th <ft 29tb sts 1st 5s '06 109
113
Equit Gas con 5s 1932 See Stk E
Twenty-Third st stk. 100 408 415
Mutual Gas
100 300
Deb 5s 1006
103
106
J-J
New Amsterdam Gas—
Union By 1st 5s 1942 F-A 114 116
1st consol 5s 1948. .J-J 108
"Westchest 1st 5s 1043 J-J 110
113
Elec Lt Heat&Power
Gold 5s See N V Stock Exch
BROOKLYN
NYds East River Gas
Atlan Ave 5s 1909. .A-O 4107
109
1st 5s 1944
J-J 8113
Con 5s g 1031
Consul 5s 1045
A-0 113Hi 115
J -.J
108
See Stock Exc li list
I nipt 5s
Nor Un 1st 5s 1927.M-N lus
3
B B <fc
E 5s 1033. .A-O 100 4 103 Standard Gas com
100 130
Brooklyn City stock. ..10 li-1 245
Preferred
100 150
Con 5s Bee Stock Exch list
1st 5s 1030
M-N in.;
Bkln Crosslu 5s 1908.J-J 105 107
Bkn Hgts 1st 5s 1041 A-O 105
OTHER CITIES
1st gold 5s 1932. ..J-D
Scrip 5s 1914
F-A
Eighth Avenue stock 100
Scrip Us 1014
42d<fc Or St Ferry stk 100
Ask
14
\\
.
stuigh
Ah
M-S
a
4.1
Braki
187
17
Worthing Punip pref.100] 112
is
114
THE CHRONICLE.
488
[Vol. LXXIII.
Boston, Philadelphia and Baltimore Stock Exchanges— A Dailv and Yearly Record.
Satei
Shar* Prices— Not Per Centum Price*.
Range
Sale* in
ACTIVE STOCKS.
Saturday,
Aug. 31.
Monday,
Tueiday,
Sept.
Sept.
2.
Sept.
3.
258
177
240
368
176
358
177
340
10** 193
167
1C8
•189
71* 72'
57
57
146% 147
88* 8'*
39* 39*
9394 03*
Sept.
4,
•258
175
•840
868
178
Sept.
5.
175
30% 30* 3P% 89*
9SH 9«% 94)4 94)4
sen 38% •33% sen
'
ee
>
55
O
ti-
96
96
•39
8fc%
o
96
•95
96
80
90
1:8%
89»a
%
%
oo
d
O
o
CO
858
171
171
730
730
•
735
27* 87%
3C% 8C%
65*
•88
40
43
74
45
74
6%
.!!!!'
1,068
741
838
30
£9
•88
89
"94'
'
42
5% '"in " b«4
6% 5*
10
10
10
04
10
94
188
•..
t
18
1,861
24,641
4,814
8,855
700
8,160
1,835
28
5,275
600
887
Preferred
34*
6%
....100
American Alkali
(Phila.).... 50
Preferred, $10 paid
"
.... 50
American Sugar Refining 1. (Boston). ...100
"
Preferred!
....100
Amer. Telephone 4 Tel.Co..
"
....100
8%
74
80
1
80
•Bid and asked pi ice
no tale wa
*
78)4
80
made.
80
74
80
74* 74* Westingh.
80
80
INACTIVE STOCKS
Bid. Ask.
STOCKS-BONDS
RAILROADS.— Price*
Sept, 6.
••••• • •••<
MISCBLL.— Conoluded.
Rail wajs( Phil) 50
Charlotte(Balt) 100
Amer.
Atl
4
Boi4Malnepf.(Bost)10C
"
"
"
100
100
100
Oonn River....
OomolTrPlttsT(PhU) 50
"
50
Prefl
0a South 4 Fla. (Bait) 100
10C
"
lit pref
"
100
Id pref
e'rmant'nPass(Phll) 50
60
4T "
Hestonv
"
50
PTef
"
100
Inds Street
"
50
Little Schuylk.
Maine Central. (Bost)100
BOiton4Prov.
OOBn4Passum
161
150
170
300
160
270
83
03*
75
Penn EleoVeh. (Phil) 50
"45
a*)f
67*
7,9
160
•
17*6'
69
75
70
81
97*
2%
106
••
21*
44
155
43
140
MISCBLLANBOUS.
4%
6%
4*
Amer.Cement. (Phil)
Am Geld Dredg(Bost)
Amer. 1.48. (PhU)
AmFneumServiJJost)
"9%
29* SO
18* 14
Canton Co
09
7
(Bait) 1
Central Oil.... (Bost) 85
6
CcnMercur gold "
100
Tel 4 Tel "
20
Duly-West Min "
2*
2
41*
55*
Prei
Domln
....
Coal pf.
10
10
I*
138
40
80
%
"
8
8%
(Bost)lOO 1)5 116
"
21
25
S.tf
Easton Con EL (Phil) 50
Edison El 111.. (Bost) 100 250 855
ElecCoof Amn (Phil) 50
.0* '2C*
Franklin Min'g.(Bost) 25
" 100
General Elect..
" 100
Pref
" 100
Ind-Egyp Com
»*
IntButH<feSM " 10
IntSP&Dynam(Phil) 60
Isly RoyaleH..(Bost) 26
S9* 40
Manufao Rub.. (Phil) 50
Pref.
"
60
Dom Iron &
""*
115
"
88
3
35
83
39
2<%
'2694
30
7
80*
37
70
fl00
sl(2
I 97
(114
84
t
I 80
{120
{107
{100
{ 85
;101
101
Ulin 8teel oonv Ss.'lO J4J {loo
Debenture 5s.l913A40 {100
08
116
87
65
s • t
•
'
180
{....
4s g.. 1911 J4.1
84
33
23
1
280
154
125*
118
ChasRyG4E15s'99M4S
80
120'
Bxt 4 Imp 5S.1932M48 117
Chas City Ry 1st 5s '23 J&J 105
92*
116
88
loe*
••••••
80
12**
51*
53
115
111
115
108
182*
8eoAvTn(Pitts)5s'34J4D
Sav Fla 4 West 5s '34 A40
Seaboard A L 4s 1950....
Seab 4 Roan 5s.l926 J4J
So.Bound lst5s'41.A&0
118
t
1 • • I *
113
Un Ry 4
El lst4s'49.M4t
Income 4s 1949.... J4D
VirgMid lst6s.l906M4t
2d series 6s.. 1911 Mis
3d series 6s. .1916 M4S
4th ser 3-4-5S.1921M48
5th series 5s.l926
62*
Jan.
79%
June 80
7%
8*
16
09
148
38*
8%
41
Jan.
Apr.
Jan.
Feb.
Feb.
Jan.
Apr.
Mar.
Feb.
8
18
3
13
13
8
18
5
13
June 30
128* Jan.
11
44
4
87*
17
55
75
80
BONDS
3
5
Pert.
Seit.
4
Mar. 80
Apr. 18
Aug. 81
Atg. 23
Bid.
Ya (State) 3s new.'33J4J 05*
Fund debt3-3s.l991J4J 06*
West N C oon 6s. 1914 J4J 119*
WestVaC4Plst6g.'llJ4J 113*
Wll 4 Weld 5S..1985J4J 180
Bonds— Philadelphia
AlleVyEext7sl910A*n 138
Asphalt Co 5s tr otfsl949
5894
MAN
Ask
Ches&D
96
06
131
114
123
57
113
Ter 1st 5s. 1026 J4D
Berg4BBrewlst6s'31J4J
Cambria Iron 6s. 1017 J4J
93
Balls
CanlstSs.'l 6 J*
Choc&Mem stoil949J4J
ChooOk4Ggen 5s'10J&J
10094 110
100
63
1
112*
Colum St Ry 1st con 5s.'32
ConTraoof NJ 1st 5s.. '3c 108*
Del 4 B Bk 1st 7s. '05 F4A
Bast4A 1st M 5s.'20 M4> 116 118
lstBs.'lO J4."
•
isiii
08* 06%
117
Inoome 5s.... 2862 A40
Bq 111 Gas-L 1st g 5s. 192^ 107*
Hestonv M 4 F oon 5s. '24
H4 B Top oon 5s.'25 A SO 110
Indianapolis Ry 4s.. 1933
82*
Lehigh Nav4*s..'14 Q-J 111*
RR 4s g
1914 Q-F 106
Gen M 4*8 g.. 1924 Q-F
Leh Y C'l 1st 5s g.'33 J4J 107*
Leh Yal eit 4s.. 1048 J4D
1910 MA^ 137
1923 J4D 185
Annuity 6s
J4D 133
Nat Asphalt 5s. 195 1 J4J
30
New'k Con Gas 5s 48 J AD 105
Newark Pass con 5s.l930 •••••
NYPhll4Norlst4s '39J4J 104*
2d 7s
US
83* 83%
110
108
85
'
No Penn
4s.. .1030
1st 4s..'36
GenM7s
109"
88
95%
72* 78*
10O3J4J
Penn gen
6s r... 1010 Yar
Consol 6s 0..,. 1005 Yar
Consol 5s r. .. 1010 Yar
Penn 4 Md Steel oon 6s.
•
121
114
Con* 5s. .....1939 A40 110*
Cons 4s
1939 A40
94*
Penn Steel lst5s.'17M4N
People's Tr tr certs 4s.'43 105
Phila Bleo gold trust otfs
Trust certfs 4s
Ph4Br gen M 5g.'20 A40
Gen
4s g.. 1930 A40
Ph 4 Read 2d 5s.'33 A40
Consol M 7s.. 1911 J41
6s g... 1911 J&L
Con
M
Bxt I nip M4s g.'47 A4C
Con M of '82 4s.'37 J4^
Terminal 5s g.1941
Q-l-
P Wll 4 Bait 4S.1917 A4o
J4J
Read Co gen 4s, 1997 J4J
Rochester Ryoon5s.l930
SchRBSldelstSs g'35J4D
Collat trust 4s. 1931
121
Welsbaohs 1 5s 1930.J4D
no
I « •
•••
122
.
114*
M4S 114*
» • » I
105* 108
Pa4N YCan7s..'06 J4D
Scran Trao 1st 6s 33M4N
UnTracPitts gen5s'97J4-!
107
«
•
H4N
M4N
M
113* 115
PotomVal lst5s.l941J4J 108 109*
UuBlLi4Plst4*s'29M«N
44
99
90 Feb.
93 127* Jan.
28 May
4% July
May
25
502 113* June
886 30* Feb.
749 23* Jan.
1,128 10* July
40 Jan.
238 54 Jan.
163 66 Jan.
Inoome
10b*
5s 1036.... J4J
Series
Series B 5s 1026.... J4J
Pitt Cn Trao 5s.l997 J4J
87
35
85
91
1129s
113
105
117
180* iai
112*
NorthCent4*s.l925A40
J4J
6s 1904
102
108
Feb.
May
Sen
Consol 6s
A40
A
Sept.
40
32
40
5,915
46,193
2,151
Blm4Wllm
•
M4N
11
8
23*
Bdlson Bleo 5s stk tr ctf 1
Elec4 Peop's Tr stk tr ctf t
123
117
118
Bit 4 Imp 6S.1901M48
• ••
NoBaltDlv5s.l942J4D isio*; 121
Conv'rtlble5sl906M4N 101 102
Central Ry 6s... 1912 J4J
• • •«
Norfolk St 1st 5s '44.J4J
31% June
31* May
4% July
4% Jan.
8* Jan.
52S
July 10
May 38
Mar. 5
6594 July 10
3-<* Apr. 18
76 Aug. 3
110
100
1118
{
•
3
109
NewpN40Plst5s'38M4N 105
• • •
4
180
183
860
Jan.
Jan.
58
8,367
8,571
lt7
Mar.
152% Jane
Clt's'8tBy(Ind)oon 5s.'83
1st 6s tunnel 1911..J4J
Bal Trao 1st 5S.1929M4N
Maryland Brewing 6s ....
MetSt(Wash)lst5s'35FA
New Orl Gas 1st 5s...Vai
*
92
118
Fundg 5s.l916 M4N 123
Bxohange 3*s.l930J4J 110
Ba)t4Plst6aml 1011A4O
Clty48ub 1st5s.l922J4D
City48ub(Wash)lst5s'48
Col4Grnvlst5-6.1917J4J
Consol Gas 6s. .1910 J4D
1939 J4D
5s
Ga 4Alalstpf5sl945A40
GaCar&NlstSs g. 1929J4J
GeorglaPlst5-6s 1923J4J
GaSo&Fla lst5s.l945J4J
20*
9
13
294 Jan.
01
115
Maoon4Nlst4*s'90M4S
112
LRook4F81st7s.'05J4. {105
1st oon lno 3s g non-oum
8d oon lno Ss non-oum..
i
Bait
Consol 5s.... 1932
*July 26
"
* Apr.
Atl City 1st 5ig..'19
i
108
187
112
88
KnoxvTrac lst5s '28A40
Lake R El lstgu5s'43M48 120
87
K C Ft 84G 1st 7s.'08 J4D §114%
K C F S4Moon 6s.'28M4N {183 124
KCM4Blst4s..'34M48 i 98 100
Income 5s....,
04
KC4M Ry4B 5s.'29 A40 {107
KC8tJo4CB7s.'07J4J a i6
Mex Cent
HI*
mort 8s.. ..1005 J4J {108
Rutland 1st 6s. .'03 M*N {103*
Rut-Can 1st ts 1040 J&J
1st
2d 7s 1910
102*
•
D G R 4 W 1st 4s.'46 A40 { 00*
Domln Coal lst8s.'13M4S {110
^ast'n 1st M 6s g.'06 M48 4111*
Fr Bli4M V 1st 6s '88 end {137
Cnst'p'd 1st 6s.'33 A40 {1S5
MarH4 0nt6s...'25 A40
{103
NY4NEnglst7s.'05J4J {111
CharlC&A ext5s.l910J4J
68
W
A40
A40
A40
•
"*3%
Chicago Juno 5s.l91 5 J 4J alio
Ch4NoM gu5s.'31M4N ;1C0
Chi 4
M gen 5s.'21 J4D §100
Curr't Riv 1st 5s.'27 A40 {101
Slst5sg.'25
57*
. .
25
25
UnBlL4Powpf (Bait) 50
United Fruit (Bost) .100
25
U 8 Mining .... •'
" 4-85
Utah Mining..
WarwiokI4S.(Phil) 10
50
Westm rel Coal "
Winona Mlnlng(Bost) 86
Wolverine Min. "
35
KCC4
1007
6s
129* June 18
34% Jane 13
91 June 183
Baltimore—Conclu'd
1st 5s.. 1037 I 57
{103
Tele 5s." 1 8
1014M4S
4*s
Deb 4s
1916 M4N
Bonds— Baltimore.
Anacostia 4 Pot
5s
50*
Atl & Ch 1st 7S.1907 J4J
15
13
AtlG-Llghtlst5sl917J4D
180
178
e* 6% Atl Coast L otfs 5s J4D
Bait Beit 1st 5s. 1 00OM4N
*
% BaltCPaslst
42
5s. 191 1M4N
"
Adjustment g 4s.. 1995
Boston Term'l 3*s ..1947
Bos Un Gas 1st 5s. '39 J4J
2dM5s
1939 J4J
Bur4 Mo Riv ex'pt 6s. J4J
Non-exempt 6s. '18 J4J
Sink fund 4s. .1910 J4J
Cent Vt 1 st 4s 1 9 20. Q-F
Ch Bur 4y 4S.1922F&A
New Bng
=
Ask
Seat Elec 1st 6sl«30F«A si'di" 10S
Torrlngton 1st 5s 1918.. t
Mill
West End St 5s. .'02 M4N i .... 102
68* 53
IowaDiv 4S.1910A4O
102fe
S%
DanvBessemerfPbli) 1*
"
"
Pref
UnCopL4M'g
.
48*
Cumb
5*
5
10
Bonds— Boston,
6* Am BeilTel4s..l908 J4.J
AT48Fgeng4s.'95A40
Pref .... •,»«,,
"
Arcadian
Arnold Mining. "
"
Atlantic Mln'g.
"
Baltic Mining..
(PhU)
Beth Steel
Boiton JSlecLt (Bost) 100
Cambria Iron (PhU) 50
Camb SDiexel root " ....
DeLong H & E
Dlam State St..
1
112*
21
6
09%
"a"
Susquel 4 8T..(Phll) 6
Tamarack Min. (Bost) 25 387* 388
Tidewater St... (Phil) 10
6%
.1* 29
Torrington"A"(Bost) 25
••••
• • •
8*
n
ai
Jan.
128% Aug.
10
8,191
(Phila.) ....100
(Boston) .... 50
"
.... 50
Bid.
NBGas4C
2%
5*
. .
..,....,,
Boston— Conoluded.
NewEng congen5s'45J4J J...
N BCot v arn 5s 1929F4A 1108*
14
2*
"
Pref
50
60
Pennsyl Salt... "
Pennsyl Steell. "
"
Prefl
100
Phlla Co
"
50
PlantersCompT(Bost)lOO
"
Quinoy Mining.
35
Rhode IslMln.. "
25
Santa Ysabel G "
5
"
Seattle Beclrlo
100
"
Pref....
100
MlnebU14SH.(Phll) 50
Allonei Mining (Bost)
is*
4 Mfg.
BONDS
Ask
170
25
25
25
Bleotrio
Preferred
7
i
8. (PhU)
Old Col Mining. (Bost)
Osceola Mining. "
Palmetto Co.... (Phil)
Parrott8114Cop(Bost)
M
50
Mesquehon'g V. "
"
50
Horth Penn....
Pere Marqu'te.(Bost)10C
" 100
Fref.
PhllQerm4N.(Phil) 60
"
60
Phila. Traction
...
ays Co General! "
Rutland pref ..(BottUOO
Jnltea N J.... (Phil) 100
25
OnPow4 Trans "
West Bnd pref.(Bost) 50
West Jer 4 8 8. (PhU) 50
50
WestNY4Pa. "
Wis Cent, new.(Bost)100
"
100
Pref
W or Nash 4 R. " 100
dBrew aesT pd( Bait 100
"
10C
Pref., asst.pd
4artranthaier . (Bost) 100
"
If
«ex Telephone
NewBngGsAGI " ....
New Hav 14
280
80
Bid.
.
hoi'
WelsbaohCo
75
84* Jan.
35* May
80
349 117 Jan.
1,667 151
Jan.
47 700
Aug.
53,283 159<Mar.
"
3494 Old Dominion Copper T..,,,,
.... 25
8
Philadelphia Bleo.T 5 paid.. (Phila.)
40
M
lc42
100
87
117
•18
]
520
2,669
6
6)4
5% 8%
37% 3fc% 87
87* 3694 37 Trnlty Mining
(Boston).... 85
IIP*
116%
117*117* 11"* 117* United Gas Improvement 1.. (Phlla,).... 5<"i
•44
40% 41
41
43
41* 44
44>s United Shoe Machinery
(Boston).,,, 25
37
87
•
26% 27)4 27* 27V« 37* 27* Preferred
.... 25
15
IS
United States Oil
15
"
15% 15* 14% 15
15
....25
5%
87
117
HigKetl
Jan.
3 285
Apr. 16
Jan. II 190
July 17
3 348
July
Apr. 88
May 15 8H0 Apr. 84
Jan.
183 June 19
Jan.
135 Apr. 8
75 May 19
87* JaD.
45 Feb. 80 59* May ia
139 Jan. 10 148 Apr. 88
28* Jan.
39% May 1
24 Jan.
45 July
1
77* Jan.
06 June 11
13* Jan.
39% May 8
100 June 18
88* Jan.
205 Jan.
313* Apr. 80
69 May 6 81 Apr. 8fl
12* Jan. 4 21 1-iejune 4
32 3-16Jan.25 40* June 17
19
Jan.
4 89 7-18May 1
SO* June 81
994 Jan. 3!
34* Jan. 31 54 June 81
78* Jan. 4 133* May 8
83 Jan.
4
99 May 1
24* June 10 37 Jan. 3
IB* Mar. 15 18* Mar. 89
9k% Jan. 8 19 Apr. 88
15,161
"
II
4'/* Dominion Coal
(Boston) .... 1 00
4f* Brie Telephone
"
....100
•73
74 Lehigh Coal 4 Navigation... (Phlla.) .... 50
Marsden
"
5%
5*
Col
..,,100
•5*
6
National Asphalt T
"
.... 50
•10
11
"
Preferred*
.... 50
94
New Eng. Cotton Yarn, pref (Boston) .... 1 00
is'-** 137* New England Telephone
"
....100
35
84
68
.
137% 137%
33*
160
43
40
74
6%
5*
137% 188
133
30* 32% S3
72
42% 43%
40
472
719 Calumet 4 Hecla
"
....85
36% 26% Camb.8teel,«i3Wpal(Jiect8.(Phlla.i .... 50
2fc% 30* Centennial Mining
(Boston).... 25
•64
84* Consolidated Ga»
(Bait.) ....10o
28% 24 Consol. Lake Superior
(Phlla.) ....100
71
71* Preferred
"
....100
2f% 24
78
1,65V
71a
729
27*
80% 32%
65%
•
l,69ii
miscellaneous Stocks.
Amalgamated Copperl
(Boston).... 100
Amer. Agrioul. ChemioalT..
"
....100
ne%in%
8694
25
78
48
45
84
x73
574
729
725
28* 27%
29% 8C%
81% ei%
3f% 40M
43
74
"
Massachusetts Kleot. Cos.1.(Bo*ton)....100
Preferred 1
"
....100
25* 85* Mexican Central
"
....100
•38
9*
Northern Central
(Bait.) .... 50
•308
Old Colony
(Boston).... 100
73 1-18 73* Pennsylvania
(Phlla.).... 50
91 1-18 32* Heading Company
"
.... 50
38* 11-18 1st preferred
"
.... 50
8794 27V
2d preferred
"
.... 60
3!-%
38%
Seaboard Air Lin*
(Bait.) .,..100
5 * 51*
Preferred
"
....100
10(% 100* Union Paolflo
(Boston) .... 100
90
90
"
Preferred
....100
30
29* Onion Traction, $17* paid. (Phlla.).... 50
•18* 16* United Ry 4 Hlec. Oo
(Bait.) .... 50
95* 96 West Bnd Street.
(Boston).... 50
134% 18S« 184* 134%18e% 133* 13£%
125
135
137* 185 136
125m 126
164* 188
184% 169
165 167
166% 168
131
127
H
O
80 251
370 159*
3) 288
48 190
22 14 i*
14 126
(Boiton)....100
foil paid..
94
99
Loweit.
1901.
Railroad Htoeks.
Boston A Albany
Boston Elevated,
Boston 4 Lowell
86%
t9
94
11*% 119
117*110%
39
8f% 20* 29*
117% 130
ed
357
Share*
.
'.','.'..
H
X
6.
of
of the
Week.
H Indicates unlisted.
....100
340 340
•840
245
"
....100
191*191*
Boston4Malne
"
Xl91*10l* 101*101*
....100
•158 169 Chic Juno. 4 Un.Btook Yds.
"
158
153
....100
188 133
Preferred
•183
183 " 188"
"
....100
7:i
71* 72 ChocOkla. * O. trust cer s. (Phlia.1.... 50
73
72* 78
57
57*
Preferred Tr. certfs
"
57* 5754 •5«% 67)4
.... 50
rl45*lir>9l •145
(Boston). . . 100
145H 146 14594 Fltohburg, pref
se% 3594 36 Lehigh Valley
3*% 3-% 36
(Phlla.)'.... 50
26* 2f*
Pfc* 08%
98
9S
•808
319
208*20*% •ab's"
"2% 7:% 7a% :}•* 73 73 8-16
as
22* 81 13-16 2* 83 8-16 9-16
88* 88* 88% 88% 38 9-' 6 3894
?
87* 15-16 8'% 87% 27% 28H
2b% 28* 3*% *8% 3t% 28>9
51% 519*
5 * 53
6 % 5194
100* 10'% 100 101% 100 101*
•88% 89% •894 89%
81
92
80
89
30% 30* 30
29V
16* ie* 18* 16* 16% 16%
o
n
Friday,
Wednetday Thurtday,
I
And
mil
•
•It
102
69
110
100
131
1
t
1 1 •
108
103*
125
188*
•
•
•••
iba" 109
95%
06*
100
no*
1X1
interest.
•Price inoludes overdue ooupo ns.
September
7,
THE CHRONICLE
1901. J
189
|uuje$tmewt and Railroad Intelligence,
RAILROAD EARNINGS.
\m railroad from which regular wei kly OX month
The following table shows the gross earnings <»f
nontb, and
earnings for the latest w<
can he obtained. The first two columns of figures givi thi
columns the earnings for the period from July I to and incl ling such latest week or month.
The returns of the .strut railtoays an brought together separately on a subsequent page.
•.
.
i
l
Notice CliuilgC—Our
j.atint
i
cxa
Meek
Month
or
yearly totals
Omrrtut
J'l\l'ii'Ui
i'tar
i\ar
N
A No
I
wkAug
lth
une
Pae June.
I
Jil
ast
wk Aug
wk A uk
Ala A- Vteksb'g ii
Vloksb -hit l Jit w k Aul
wkAug
May
\rtur
1th
Ann Wioh.V
toll Top
Bat
s Fe. lulv
.v
May
-
KnOXV
Atl
it
W
No
luly
Atlanta &
I'l
ruly
Atl Coast
Atl Vald a West. July
Austin & North v
1
Halt
it
Bait
A
Ann
S L.. .May
Ohio....
June
t
B & o Bouthw.
i
Aroosl July
Bangor
Bath & Haiinuui
it-
Bellefonte Cent'l July
BinU't & Baoo B.
Brunsw A West'n June
Bull Koch it lit* 4th wkAug
Buffalo asuwi...
BurlC Kao & No August...
Pacific It h wkAug
Canadian
wkAug
Cent'l of Georgia
Cent'] Now Eng.. July
Cent'l of N Jereej July
1
tli
May
Central Paolflo.
Pa A West
Charleston & Sav June
Chattan South'n. 2d wk
Cent'l
Chesap & Ohio...
A
1th
Aug
wkAug
Alton R\ Juiy
Burl & Quo July.
Clue
C'h Q
.
Chie&E Illinois.
thi (it Western.
Chic Iud AL'v...
Chic Milw & 8t 1
Chic A North W'D
Chic Peo A St L >
St L Ch A St P >
Chic It I it Pac...
Chic St P
AO.
Chic TermTr Kh
M
ChocOkl A
»,389
76,89
i
81,000
34,000
12,000
13,000
50,13
10,000
1
5,902
1.70.
216,695
48,306
19,656
536,55
22,174
20,422
I
8.13.-1
•1
l.ojl
1,577
3,697,070
175
88,821
47,085
513,091
15,105
12,830
6,900
52!'
999,000
210,343
428,415
846,000
174,000
1
827,05s
wkAug
July.
4th wkAug
4thwkAUg
DulSoSh A Atl.. 3d wk Aug
E St L< & Caroml. July
Elgin Jul A East March
July
Evansv & Indiaii 4th wkAug
Evansv A TH... 4th wkAug
Find Ft
A W. July
Ft
A Denv Cit\ July
Ft Wife Rio Gr... 3d wk J'ne
July
Georgia RR
Ga South & Fla.. July
Gila Val G A, N. July
W
Gr Trunk System lth wkAug
Gr Tr A West'n 2d wk Aug
DetGr H&M.. 2d wk Aug
i
1,180,790
148,874
257,;; 12
140,388
8tPMinn AM.
2,455,660 1,802,990
East'nof Minn. August...
490,707
104,930
372,772
177,787
Total system. August.... 3,117,297
Hocking Valley.. 4th wkAut: 127,171
Uous A Tex Cent May
364,958
Illinois Central.. August
3,343,434
Illinois Southern July
11,013
IndDec AWest'i, April
51,905
Indlll &Iowa... July
181.968
Int A Gt North'n lth wkAug
133,712
Interoc(Mex)
08,200
Wk Augl7
Iowa Central
4th wkAug
67,880
Railway
July
Iron
6,014
Kanawha A Mich lth wkAug
30,411
K C Ft Scott & M
630,003
A Birm
144,379
Kan City & N W. May
20,735
Kan City South'n July
351.622
Lehigh & Hudson July
34,340
Lehigh Val RR.. July
2,1 10,855
Leh Val Coal Co. luly
1,425,309
2,413,555
101,993
KCMem
Lexing A East'n.
Los Angel Term.
Lou lien A StL..
Louisv A Nash v.
June
Match...
wkAug
4th wkAug
lth
Macon A Birm... July
J.atint
II
..A-
190,631
371. sun
1,021,923
211,731
98,394
93.919
292,359
59,459
4,763,502
2, (,39, 235
48,306
July
200
251,694
66
2,331,628
38,821
536,55
22,17
250,450
513,691
........
916,830
5,908,455
1,159,0 15
54,332
2,790,858
847,237
209,907
947,950
743,lo7
360,260
2,713,52
1
352,035
410,925
404,572
173,201
227,503
279,877
83,888
2,002,31
1
191,82
880,746
416,917
12,048
1,183,302
3,522.093
61,735
205,488
10,695
1
166,1 lo
019,095
128,08s
L05
156,004
...
784,158
5,109,153
1,020,30(1
2,298,928
733,125
235,011
580,277
08 1,001
329, 02 1
2.329,273
285,356
359,299
391,034
172,388
183,274
299,497
1,011
30,049
4,616,543
234,320
2,881,721
9,269
53,410
93,482
117,159
73,300
62,914
4,845
24,121
432,401
120,037
27,197
353,933
38,660
2,030,106
1,704,216
3 1,217
35,134
15,301
10,589
17,2011
24,725
811,030 721,2 1.-.
8,520
6,951
4,515,848
900,237
320,772
5,790,857
879,082
4,730,22
6,519,186
1
11,0 13
591,077
131,908
052,227
494,000
378.215
0,011
102,17!.
0,818,047
2,042,002
305,394
351,022
31,310
2,1 10,855
1,425,309
357,879
128,104
122.971
4,725,965
8,526
i
M 8t P
19
1
8 Bt
wk Aup
M. 3d
••
1
,
10-
20
1
17,9 1.101,1 Id
it
0,727
1
1
Wk Augl7
Rv
1,20
102
.2
601
17
107,129
401. lol
wkAujj el !Mi
I'ac A Iron Ml lth wkAiif 1,238,000 1,
000
59,000
Central Bran< b lth wkAug
nil trkAug l,297,ooo 1,173,000
Total
2,660
2,650
Mali Jack & K 0. WkAug- 31
482,7oo 40.',.-uii
Mobile it Ohio... August
1
10,102
July
94
Hex Gull
051,020 012,20
Nash Ch A- StL.. August
<fc
lth
'1
I
.
.'.000
2.703
3,072
Nevada Central..
N
11 ml Ri\ August... 6,795,467 5,980
4.12.0.)
5 13,52s
N V OntA West. July
23 1,900
N Y Susq it West July
192,107
45 1,901
Norfolk & West'i Itii wkAug
596
656,6 •.
Northern Centra July
786,579 645,470
North'n Pacific. 3d wk Aug
32,132
32,3 15
3d wk Jul}
>hio River
466,836 531
Paolflo Coast Co.
35
April
7,021 ,895
1,095
Pennsylvania}... July
47,384
I'i nn it Northw'i. April
It;
wk
Aug
198,124
Pere .Marquette.. 3d
597,6 ... 559,585
Phlla it Erie
971,278 941,778
Phila wilm i&B.. July
1,644,888 1,466,385
Pittsb C
.t St I. July
209,836 216,904
-b & West'n.
137,923 119,791
1'ittsb Cl A To) Tune
66,928
60, 153
Pittsb Pa& P.. June
7/. 32
83,303
To! al system... 3d wk Aug
Plant System71,002
76,894
Ala Midland...
05,273
54,757
Hruns& W'n... June
49,452
53,801
Ohas ASav
397,02..
410,003
Sav Fla AW... June
20,017
10,709
SilSOcAG....
YOA
1
(
1
C—
Reading
i-hil ARead.... July
Coal
Air Co.... July
Tot both
Co's..
Rich Fr'ksb A P
Rio Grande Jet..
Rio Grande So... 4th wkAut
K10 Gr'de West.. 2d wk Aug
July
St Jos AGr I
StL Ken'et& So. July
July
StL
Ark
St L & San Fran 4th wkAug
st L Southwest.
lth wkAug
StL Van&TH.. July
San Ant A A P.. May
.
AN
.
San Fran
&NP.
Inly
GulfW.
T.
AP
IIous.
<fe
Shrev.
Hous it Tex (Jen
132,107
Louis'a West..
941
Tex ANOrl..
So Pac of Cat ..
So Pac of Ariz.
BO Pac of N M
Southern Rallw'\
Terre H <fe Ind ...
Terre H & Peor..
Texas Central ..
77 1,323
3d
wkAug
1st
wk Ma\
Texas
<fc
TexS V
Tol
Pacific.
&N W
21,7!ls
32!),
185,
739
1
i
!
170,962
189,001
109,282
15,17s
397,025
205,722
15,897
10,70!)
July
July
Julv
May
May
May
May
May
Tol
100
8,904
8,122
268,340
158, 15
159,351
147,889
103,020
15,386
410,003
175,626
3,862
20,017
10!),
1
May
May
May
May
lth wkAug
1,3',
231,000
6,615
5,432,22
1
95,250
2,513,761
7,621,895
92
5,29
-.37-
6,790,095
',071
1,330,701
0,1/ 1,-12
.77 1
,7ii0
5,8
971.278
1
941,778
1,64 1,886
1.46i
.,107
1,318,301
2,1
1,22(1.075
475,279
011,410
1,021,923
009, iio
750,01 5,150,490
40O.71
t
513,023
949,651
7ol,llo
070,550
4,491,760
21-
281
2,23!
1,892. .mo
4,132,18'
1,069,761
574,01
1
95,0,
2,139,748
2,097,002
4,236,750
993,25 1
516,596
93
553,300
109,100
J
624,000
135
41,122
21,798
2,019,465
l,O0s,017
J
0,962
,
2,486,639
109,282
132,116
5,150.49o
B,904
8,122
1,520,300
94!'. 2(13
159,354
2,013,102
103,626
132,423
4,491,760
25
715,29..
33
210,-2
18,390
28 .002
18,389
1
1,4
1
1
July
July
3d wk Au,
wkAug
July
4th wkAug
1,752,4 19 1,390,205 17,573,190 h;, 121. 210
420,013 302,565 4,052.-3. 3,43
258,925
171,1
1
1
120,919
944,472
124,701
45,991
3!), 37!
9,050
301, --3
10,000
7,81
1,008 .0 10
:
1
202,5-9
2,234,607
5,875,318
126
15,990
00,552
1,552,469
10,000
1,8
1
5,511
12i,7ol
.
1,27?
498
78,68i
,252
3.210
.t
58
203,
Its,
lo..
29,931:
.
.
2, ,712
1
1
18,3s!)
18,390
5,522
5,499
27,977
47,270
27,977
47,270
18,32;
18,712
18,712
18,321
s.",!
72,188,765 62,935,766
7,142,131 5,402,
50
250,4
OOl
150.
12,830
20,422
1,810,101 1,420,707 18,005,900 16,936
681,203 513,010 0,308,2,0 5,757,303
7,071
10,380
•is. 07:.
00,975
9,846
14,332
12.436
304,958 231,320 1,730,22
1,109
,2
107,081 1 ,584,950
158,762
'>..V22
552
7,417,109
705,831
20'..
277,3 15
22,329
27,001
172,!.-i
2,581,153 1.739,901
272,301
West... lth wkAug
38,0-1
7-.
4,845 Tol St Lit W...
4th wkAug
30,72143,375 Tor Ham & Bun May
Union
Pae
RR
5,784,344
Oreg RR <fe N f July
1,703
3,918,692
30O, f.lc
Oreg Sh Line.
',301
353,933 Wabash
lth wkAug
38,660 W Jersey Jc Sea e July
478
2.030,100 WVCeuifcPitt.. Mai
101,007
1,701,210 Western of Ala
Juue
312,170 Wheel *LE...
August...
91,612 Wisconsin Cent
lth wkAug
187,000
!n~\ A T'n.. July
109.423
B.198
4,212,-00 Yazoo &Miss V.. August...
417,105,142
108.046
50,996
15,088
94,200
29,663
1
lth
..
& Ohio Cent
P
109,003
48,825
15,317
99,0OO
135,335
11,122
110,462
!).
1,2.
1
351,! I-O
3,032,130
5,518,011
9,269
5,067
98,482
598,859
511,820
WK Aug
Morgan's L A T .May
N V T AMex .. May
73!), 029
4,077,101
3d
May
Hous. E. AW.T.
-158,073
3,580,395
Juiy
2,239,681 2,139,748
1,892,506 2,097,002
4,132,187 4,230,75o
6,000
2 1,71.1
May
.
99,(102
1
#
S
t
12
13'
450,1
BoUth'l 2d wk Aug
it st L. lth wkAug
1,970,353 8 Fe Pies A Ph..
172,972 Sav Fla A West.
833,019 Seaboard Air L.
409,443 She.r Shrev A So
11,723 StlSprsO&G...
1,432,497 SoO AGaExt...
3,215,008 80 Haven & East.
59,117 Southern Ind
251,091 So Miss A Ark ..
8,345 So Pacific Co b
Austin A No'n.
143,034
Cent Pacific
471,098
122,131
Gai Har<feS A.
27,039
143,818
JuU
"' '"
1
104, 101
5,011,3 10
147,117
Mlnneap
Mu Kan
3,69
(
1
in rt nt
43,892
73.700
.ii
nun
02,
702
1
,1
Mexican North") May
74o,0->:i
I
u Centra lth wkAug
intern') June
rextaan Nat'l.. lth wkAitf.
,169
949
2(M
QrOU
or Minith
'tar
Great North'n—
Montana Cent'l August...
I.
BOADS
lout
in-
751,590
827,658
3,907,297 4,480,790 3,907,297
138,785
807,011
994,254
229,050 1,340,078 1,162,884
070,031
131,059
794,484
1,311,471 7,546,095 0,s [5,018
3,581,504 3,884,052 3,581,564
117,864
232.707
208.038
123,975
2,790,858 2,298,928
817,237 733.425
43,11!)
38,382
430,640 283,707
99,251
82,205
31,222
33.735
370.107 322,209
51,073
38,162
212,105 189,497
572
391,031
401,
10,342
10,920
40.851
20.751
31,100
26,816
83,oil
83.888
355,500 344,700
37,803
34,455
80.033
88,742
53,070
51,588
11,723
12,048
158,048
194,451
3,522,693 3,21 o.OOb
11,493
9,985
40,27!)
45,834
8,345
10,695
100,140 143,034
7,939
0,721
128,088 122,431
104,101
99,002
27,039
30,019
893,666 841,52 7
00,04b
65,499
21,830
20,905
4th
1
751,590
3,884,652
3d
DaU
00,151
5 ,332
60,151
1,404,737 1,309,235 1,40 1,73, 1,309,235
1,810,101 1 ,120,707 18,005,906 16,936,666
24,430
2, 103
24,002
2,386
53, sin
49,452
750,018
676,550
14,20 1
14,231
2,913
2,158
53b',853
452,727 2,835,102 2,562,813
August
July
July
to Latttt
1,033,036 8,794,806 17,124,339 12,783,108
107,72:.
107,901
107,725 107,901
3!), 113
39,231
1,523
1,629
2,317
4,832
2,317
2,700
39,662
40,478
4,390
oo9,ik;
701,110
51,75'
05,273
203,73'J
101,593 1,165,686
976,625
728,393
732,991
L,469,821
South July
W
is<;
1
July
*
,927
Juiy
wk Aug
Cin Port sin A V* May
ClCinChA StL. 3d wk Aug
Peoria &East'i. 3d wk Aug
Clev Lor & SVhec. August
Colorado A
Col Newb & Lau
Col Sand A Uock
Cornwall ALeb..
Cumberl d Val ej
Denver & Rio Gi
Detroit Southern
Dct & Mackinac.
1
wkAug
1th wkAug
ttii wkAug
lth wkAug
1th
4th wkAug
Gulf. August...
CinNO&TPac
t;ti,
7 1,00 2
1
Ir.iin
Cm it nt
9)
1
date
all
July
9tom Earnings
*
Adirondack
Alu ot Southern
Ala Midland
Alii N o .v
now
,
3,918,092
46!
107
20-
160
1
827
35-
6.951
* Figures for July are !or the railroad
§ Covers results on lines directly operated east of Pittsburg-.
tiECludes Chesapeake & Ohio fcouthwestein, Ohio Valley and Chicago and Texas for both yeats.
.rreney.
Mi
wlncludes Paducah & Memphis Division from July 1 In both \ ears.
<• Includes the Houston it Texas Central and its subsidiary lines.
Earnings of the Cromwell Steamship Line, not previously reported
now also included.
c Result6 on Montgomery Division are included in both years.
(/Includes st. Paul A Duluth loi
e Includes results on Sher. Shrev. <fc Southern, Mo. Midland and San Antonio extension for this year, but
-<
o»r.
1
1
I
1
I,
3
.
THE CHRONICLE.
490
Totals tor Fiscal Year.
In the full page statement on the preceding p;i^<' we show
the gross earnings of all roads f<>i the period from July 1,
that being now the beginning <>f the fiscal year <>f the great
majority of the roads.
Latest Grots Earning*.
Roads.
Atlanta * Charlotte Air Line.
Belief onte Con t ral
Burlington (^edar Rap. A No.
Central of New Jersey
Chicago A North- Western....
Chicago Rock Island A Pac.
Ohio. St. P. Minn. A Omaha.
Apr. 1 to May
Jan. 1 to Julv
Jan. 1 to Au;c.
Jan. 1 to July
J >ine
Apr.
Jan.
Choctaw Oklahoma A Gulf.. Nov.
Cumberland Valley
Jan.
Denver A Southwestern
Deo.
Duluth South 8ho. A Atlantic Jan.
East 8t. Louis A Carondelet. .I:in
Jan.
Ft. Worth A Denver City
Gila Valley Globe A North'n. Jan.
A
Gt. North'n. Jan.
Deo.
Deo.
Jan.
Jan.
Mexican International
Jan.
Mexican National
Jan.
Mexican Railway
Jan.
Mexican Southern
Apr.
Missouri Pacific
Jan.
Central Branch
Jan.
Total
Jan.
Monterey A Mexican Gulf.... Jan.
Northern Central
Jan.
Ohio River
Jan.
Paciflo Mall
May
Pennsylvania...
Jan.
Pennsylvania A Northwes'n. Jan.
Pere Marquette
Jan.
Philadelphia A Erie
Jan.
Wilm'g'n
Phila.
A Baltimore. Nov.
Pitts. Cincln. Chic A St. L... Jan.
Rio Grande J unction
Dec.
St. L. Vandalia A Terre H.... Nov.
South Haven A Eastern
Jan.
South. Missouri A Arkansas.. Jan.
Terre Haute A Indianapolis.. Nov.
International
Lehigh Valley RR
Lehigh Valley Coal
Manlstlque
Mexican Central
Terre Haute
A
.Peoria
Texas A Pacific
West Jersey A Seashore
Nov.
Jan.
Jan.
31
31
31
31
to July 31
Julv 31
1 to July 31
1 to Aiu,'. 31
1 to Julv 81
1 to Mar. 31
1 to Aug. 21
1 to July 31
1 to Julv 31
1 to July 31
1 to Aug. 31
1 to July 31
1 to July 31
1 to July 31
1 to Aug. 31
1 to June 30
1 to Aug. 31
1 to Aug. 17
1 to Aug. 14
1 to Aug. 31
1 to Aug. 31
1 to Aug. 31
lto July 31
1 to Julv 31
1 to July 23
1 to Apr. 30
1 to July 31
1 to Apr. 30
lto Aug. 21
1 to June 30
lto Julv 31
1 to July 31
1 to June 30
1 to July 31
1 to June 30
1 to July 31
1 to July 31
1 to July 31
1 to Aug. 31
1 to July 31
1
1 to
Current
Previous
Tear.
Year.
430,375
26.829
3,272,766
9,498 354
7.797,754
9,115,11*
5,671.735
4,102,326
579.295
766,361
349,149
26,286
3 021.852
8,698,825
7,269.737
7,8*6,205
5,235,147
1,585,441
91.018
1,186,977
1,651,729
93,045
871,4 27
201.587
228,856
2,412.320
2,671 053
549,917
876,350
2.852,831
17,586.443 16,239,764
14,146,304 12,046,518
74,920
70.840
11542,210 11,607,675
2.930,139 2,672,027
5,131,100 5,312.484
2,73?>,400 2,945.300
350 683
338,622
22,294,958 19,178,196
888,311
907,437
23,518.951 20,364 059
808.164
769,772
4,607,409 4,398,509
729,624
753,104
3,071,166 3,817,620
52,452,506 47,611.406
227,045
225,526
5.594,368 5.003,551
'2,984,716 2,634,509
8,649,551 8,292,151
11,395 945 10,849,930
300,1*1
284,258
1,482,697 1,414,077
20,519
24,521
99.530
122,188
1,142.969 1,181,545
349,865
401,662
7.099,939 5,327,493
1.970.733 1.866,733
Latest Gross Earnings by Weeks.— In the table which
we sum up separately the earnings for the latest
week. The table covers the fourth week of August.
follows
1
Alh,
week of August,
1901.
1900.
Increase.
Ann Arbor
Buffalo Rooh.
A
.
Pittsb'g.
Canadian Paoiflc
Central of Georgia
Chesapeake A Ohio......
Chicago A East. Illinois
Ohio. Great Western
Chlclndian'lls
A Louisv.
Oblcasro Milw. A St. Paul
Ohio. Term Transfer ...
A Hooking
Rio Grande
A
E
Indianapolis.
Rvansv. A Terre Haute
Ool. Sandusky
D inver &
. .
panev.
Grand Trunk...
Grand Trnnk Western
>
.
Louisville Hend. A St. L.
Louisville A Nashville.
Mexican Central.........
M
M
M
ixican National
... ...
A St. Louis
Mo. Pacific A Iron Mt...
Central Branch
Mob. Jaokson A K. City
Norfolk A Western
oneapolls
j.
Kansas A Texas.....
.
,
Rio Grande Southern....
Louis A San Fran
St. Louis Southwestern..
Southern Railway...—
8t.
.
Texas A Pacific
Toledo A Ohio Central...
Toledo Peoria A West'n
.
Tol. St. L.
A West
Wabash
W jconsin Central
Total (42 roads)
Netlnorease (11-52
355.500
9.985
46,279
11,097
6,413
42.146
153.000
35.737
84,126
10.089
27,692
9.329
158,347
4,737
14,100
10,800
893,66f
841,527
52,139
127,171
133,715
67,886
30.411
24,72f
811.630
431,825
191,395
101,99?
117.159
62.914
21.121
17.209
721,245
458,515
25,178
16,553
4,972
6,290
7,516
90,385
40.851
--..
>an*
--«
_
104.1U
20 <,973
87,217
404,401
490,6 If
1,238.000 1,116,000
59,000
57,000
2,666
2,650
454,901
492,107
15.317
15,088
329.735-
185.414
1,008.040
301,885
88,255
38,981
78,549
569,301
187,000
268 340
158,44^
9 44,472
2ti2,589
73.685
33,210
58,626
532,824
160,524
12,480,395 11,191,108
p. 0.1
.......
1,508
-
445
........
-
-._--
•
>M •-16
229
19,9
mmm .
oj
August.
Previously rep'd(50 r'ds)
Interoceanio (Mex.)
Louisv. Hend. A St. L...
Mexican Railway
Santa Fe Pres. A Phoenix.
Texas Centra)
Total U> 5 roads)
1901.
1900.
Increase-.
9
9
9,819.626
68,200
14.97S
73.70C
15,176
9,050
8,779,485
73,300
12,085
90,300
15,386
7,814
1,073,313
10,003,733
8,978,370
1,077,443
1.022,363
"2,894
%
the
%
5,904,164
Per Cent.
12-85
be seen that there is a gain on the roads reporting in
of $ 5,904, 161 or 12-85 per cent.
amount
Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week.
full detailed statement, including all
roads from which monthly returns can be obtained, is given
:>noe a month in these columns, and the latest statement of
ihis kind will be found in the Cheonicle of August 24,
1901.
The next will appear in the issue of Sept. 21, 1901.
Gross Earnings.
Net Earnings.
Ourrent
Ourrent
Previous
Previous
A
—
—
Tear.
Roads.
9
Sintrhamton Gas... July
May 1 to July 31....
Surl.Ced. R.ANn.a.July
Jan. 1 to July 31
Cent, of Georgia. a. July
Central Penn. A W. June
July 1 to June 30
Ohio. Burl. A Quin.bJuly
Ihlo. R.I. A Pac a.. July
Apr. 1 to July 81....
Onoataw Okl.AO.b July
Nov. 1 to July 81....
C dorado South... b. July
Jonsol. Gas Co. .N.J.June
Tear.
I
387.246
355,743
2,743,182 2 593,437
523,034
570,017
2,386
2,403
24,002
24,430
4,4 = 0,790 3,907,297
2,790,858 2,298,923
9,115,118 7,856,205
517,316
296.570
3,671,686 2,387,346
464,572
391,034
Jan. 1 to June 30
Cumberland Vai.b.July
83,888
Jan. 1 to July 3».
579.295
Denv. A Rio G'de.b.July 1,034,611
Detroit City Gas.
May
Jan. 1 to May 3l...
Pt.W. A Den. Citv. July
163,146
Jan. 1 to July 31
1,186,977
8ila Val.Globe A No. July
27,039
Jan. 1 to July 31....
201.587
3d. Rap. Gas-L. oo. July
Jan. 1 to July 3i
Illinois Central. ..a. July
3,175,752
Indiana 111. A la. b. July
131,968
Jaokson Gas-L. Oo.July
Mar. 1 to July oi ..
Kan. City 8outh...aJuly
351,622
.
.
83,011
519.917
952,553
.
.
-ou.Hen.A8t.L.b..July
Louisv. A Nashv.b.July
Macon A BlrmlngbJuly
Madison Gas A Elec. July
55,512
2,311,390
8,587
3 43.034
871,427
36,049
228,856
2,636,890
93,482
353,933
55,394
2,053,721
6,951
Jan. 1 to July 31
M.St. P. A 8. 8. M.b.July
Sash.Ch. ASt.L. b.July
» Y. Ont. A West.a July
Sorf oik A West'n.a.July
Sorthern Central, b. July
4,558,865
445,919
622,974
543,528
1,337,607
656,615
4,683,068
353.867
€03,153
452,655
1,276,669
598,515
—
—
Tear.
Tear.
9
9
1.848
5.598
2,431
7,220
93.881
28030
813,125
141,723
6b7,393
153,573
def.962
def.4.150
1,719,052
1,088,723
2,793,662
def.78
def.1,385
1,317,453
219.288
1,390,721
114,109
6,378
16,113
26,192
184.547
799,259
2,274,798
104,911
760,454
90,522
6.353
13,444
20,076
176,420
432,914
339,073
33,836
27,780
251,294
252,697
37,053
se.^si
S01, 103
168,760
15,657
22,019
13J.265
105,193
11,768
10.688
95,832
92,251
969.017
399,732
54,837
34,941
1,895
1.570
10,968
9,823
71,186
43,271
17,320
17.6S0
546,939
691,685
def.1,657
def.963
4.454
3,288
19,148
16,147
318.533
235,135
2,874,520 3,375,203
C236.020
287,592
cl,776,353 2,233,467
203,862
122,657
177,162
217,229
132,687
155,374
545,286
479,034
192,532
142,632
Lines direotlyoperared
East of Pitts. * E.July 7,621,895 6,790,095 2,618,631 2.214,431
Jan. 1 to July 31 ". 52,452,503 47,611,406 17,361,481 14,457,381
Inc. 601,500
Inc. 395,200
West of Pitts. &E. July
Ino. 1.777,300
Inc. 1,317,200
Jan. 1 to July 31
776,314
670.087
135,827
132.779
Pere Marquette ...July
5,039,982 4,513 933 1,162.736
953,652
Jan. lto July 3i
971,278
941.778
S01.734
Phil. Wllm. A Bait. b July
£01,934
8,649,551 8,292,151 2,589,993 2,441,793
Nov. 1 to July 31
109,003
103,046
*def.7E0
24,106
etioh. Fred. A Pot.. June
1,069,761
993,254
374,647
421,203
July 1 to June 3o
48,825
50,996
14.647
15,298
Bio Grande Junot.. June
300,191
284,258
£0.057
85,277
Deo. 1 to June 30
47,616
46,165
23,103
20,002
81o Grande South, fc July
3.596
4,174
St. Joseph Gas L.Co July
135,335
109,466
52,491
35,233
81. Jos. A Gd. Isl.a. July
10,607
21,793
8,122
4,136
St. Louis & No. Ark. July
20,726
20,320
8t. Paul Gas-Lt Oo.. July172,065
153,047
Jan. 1 to July oJ.....
Western Gas Co.—
3 1,478
32,356
Milw'ee Gas-L Oo.July
297,5.66
301,311
Jan. 1 to July 31
173.362
478,031
465,581
177,962
W. Jersey A 8eash.b July
462,294
1,970,733 1,866,733
461,994
Jan. 1 to July 31
220,399
80336
284,214
65,945
Wheel. A L. Erie.... July
442,102
390,797
1/.9 1,073 1,564,228
Jan. 1 to July 31
316,711
61,472
410,305
50,182
Yazoo A Miss. Val.a July
a ^let earnings here *i ven are after deducting taxe b
b Net earnings here given are before deducting taxes.
c Of the balance here given there was charged oft for repairs,
replacements and general expenses In July $36,961, leaving
$1U9.059 applicable to Interest on bonds. From January 1 to July
31 there was charged off for this purpose $270,446, leaving a
balance of $1,505,907. These figures are in Mexican currency, and are
convertible into gold at the current rate of exchange.
* Excess of expenses over earnings owing to puichase of locomotives and cars costing about $53,000.
—
—
3:"
36,477
26,476
1,330,083
1.289,287
%
Increase.
—
37,206
61.399
26,969
63.V74
39,294
14,567
5.771
1900.
Pennsylvania-
26,692
12,580
16,893
86,214
122,000
2,000
1901.
Oross earnings (60 roads) 51,833 809 45.929,645
—
40.796
For the third week of August our fina! statement covers
55 roads, and shows 11 39 per cent increase in the aggregate
over the same week last year.
3d week
Month of AuyuKt.
Apr. 1 to July 31 ...
Mexican Central.. July 1,376,306 1,339,021
Jan. lto July 3i. ... 10,242,792 10,31s,994
622,-4!
Mexican National. July
632,388
»
Det. Gr.Hav. A Milw.
Hocking Valley
Intern'l A Gt. Northern.
Iowa Central
Kanawha A Michigan.
9
55.389
44,021
161,593
846,000
174,605
452,727
138,785
229.650
131,039
1,311,474
38.382
26.751
344,700
11,493
45.834
66,486
5o,434
203,739
999.000
210.343
536,8^3
148.874
257.342
140.388
1,469,821
43.11f
Decrease.
9
HI
Alabama Gt. Southern.
For the month of August 60 roads (all that have furnished statements for the full month an yet) show as follows
It will
Period.
[Vol. lxxiii.
Decrease.
9
33,173
5,100
16,600
208
1,236
66,080
.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the fore
going, also report oharges for interest, &c, with the surplus
nbove or deficit below those oharges.
September
7,
THE CHRONICLE
1901.]
Int., rental*, etc.
,
.
r-Bai. of Ntt Mam's.-*
Current
Previous
Current
Previous
Tear.
Tear.
Tear.
Tear.
•
Hoadi.
Ohio. Burl.A Qulnoj July
Ohio. R.Ib1.*P»p... July
Apr. 1 to July 31...
Ohoc. Okla. 4 Onlf July
800,000
819,000
1,276,000
82,465
435,921
198,740
23.739
152,510
192,162
125.307
851,641
•
797,260
316.997
1,267,988
43,560
1
919,052
769,723
1,517,662
166,823
954,800
J265.661
31,098
24.652
353,124
60,520
311.095
510,193
482.262
loo
61
368,784
891,670
203,910
J16\652
21.254
13,687
Ind.Ill. & Iowa.... July
53,!)03
168,326
ashv.Chat.ASt.I.July
187,650
291,884
Norfolk A West'D.. July
110,292
22 487
July
Pere Marquette.
765,019
188.638
Jan. I to July 81 ...
6.939
7.708
7.5!
7.708
Bio G-andeJnnot'n June
36.099
31,319
58.958
53,958
Deo. 1 to June 30....
5.426
17,833
2,269
17,683
Rio Grande 8onth.. July
43,741
26,483
8,750
8,750
8t. Job A Or. Ial'd-July
after making deductions for Discount and ExI These ttjfurea are
change. After deduotlng $10,000 for Renewal Fund and Bond
ConverBlon in July. 1901. and 815.000 In Julv, 1900, the surplus for
the month Is $255,561. against $1£0,652 a year ago.
Nov. 1 to July 31 ..
Den. AR. Grande... July
.
.
We
give below the gross and
Northern Pacific.—
earnings, etc., of the Northern Pacific for July.
net
July.
.
.
1901.
1900.
Gross earnings
Operating ex t enses
$3,105,176
1,591,739
$2,612,508
1,461,641
Net earnings
Taxes, rentals, betterments, eto
$1,613,437
418,915
$1,150,867
330,449
$1,094,522
Net operatic lnooine
40,530
Mlsoellau's income, not includ'g land sales.
$820,418
57.431
Net income—
Main system.
Proprietary Hoes
$877,849
16,870
$1,138,052
23,205
$894,719
$1,158,257
inoluded In both years
Total
Notb.— Operations
of the
St Paul
Street Railway Net Earnings.— The following table give*
the returns of Street railway gross and net earning received
In reporting these net earnings for the street
this week.
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that week, but once a month (on the third or the fourth
—
Saturday),
we bring
in
in
—
Roads.
Brooklyn Rap. Tr.a..l uly
Buffalo Rbilwav b—
Apr. 1 to June 30
Earnings.
Week orMo <*£»' Prev'us
Tear.
American R'ys. Co.}. July
Blnghamton RR
July
89,657
22.481
83,718
19,875
Jan.
1 to Latest
Current
Tear.
466,77?
439,482
102 395
113,170
7,167,001 6,9^3,344
88,921
71,565
442,642
461,25^
24.139
22,651
1,264,620 1,147,653
1,203,701 1.145.189
Br'klyuRap.Tr. Co... July
i!3,45» 18,378
Chicago A Sill. Elec July
76.620 72,704
July
Oln. Newp. A Cov
3,874
3,447
City Elec. (Rome.Ga.) July
210,329 181,856
Cleveland Eleotxlo .. July
24.229 18,920
Cleve. Ely & West... July
19,142 16.605
84,591
74,851
July
Cleve. Palnav. A E.
276,054
254,973 1,727,196 1,621,670
Oonsol. Trao. (Pitts.) July
13.S05
15,102
64,61^
56,738
Dart.AWportSt.Ry. July
143,223 119,910
838,502
722,300
July
Denver City Tram..
8,ti90
11,946
29.775
L.O.
57,730
July
Det. Rooh. Ro. A
4thwk Aug 92,124 94,212; 1,836,783 1,638,057
Detroit United
Rapid Railway
4thwk Aug 12,990 12,850
Total.
4th wk Aug 105,114 107,062
Dulnth-Sup. Tract.
45,642 43,374 253,307
July
Duluth St. Ry
S
13,488
Galveston City
July
37,192 31,24s
Harris!) urg Traction. June
159,867
174,677
.
.
Herkimer Mohawk II
lonAF'kfortEl.Ry.
May
Internat'l Traction—
(Buffalo)
July..
Lehigh Traction.
July..
LondonSt. Ry.(Can.) May..
Lorain A Cleveland.
Mad.(Wls.)Eleot. Ry.
Mass. Elec. Uo.'s
Montreal Street Ry..
Ry
Ry
Muscatine
Newburg
St.
St.
July..
July..
July..
July..
July..
June
New Castle Traction.
New London St. Ry..
July.
July.
Northern Ohio Tract. July.
Ogdensbnrg
Olean
8t.
St.
Ry.. June
Ry
June
Philadelphia Comp'y July.
Pottsv'e Union Trao. July.
Railways Co. Gen.—
Roads
Light Co's
Rlohmond Traction.
July
July
July
4,508
4,146
507,606 241,557
13,897 11,892
10,003
7.345
12,37e 11,900
7,959
6,849
683 882 668080
177.58c 171,332
6,963
5,550
9.82H
10,936
17,483 17,246
11,666 10.322
66.89*- 54,468
2,257
2,140
4 822
5,060
162,450 124.870
19,122 17,005
27,436
1,580
23,543
22,578
1,527
20,979
21,834
21,768
2,123,665 1,462,871
73,076
64,666
119.180
11,498
126,773
A Ry
July
34,284 30,387
July
505,723 +241,661
St. Louis Transit
scranton Railway... July
64,195 59,196
July
21,553 18,952
Sioux City Tract
35,866 31.215
Southern Ohio Tract. July
35,833 26,985
Tacoma Ry. A Power July
111,333
Toledo Rys. A Light. June
153.481 138,927
August
Toronto Ry.
290,648 249 841
Twin City Rap. Tran. July
30,762 29,211
Union (N. Bedford).. July
Union Traction Co.
(Anderson, Ind)... May
60,392 S7.995
United Traotion—
July
133,903 126,011
Albany City *
United Traot. (Pitts.) July
196,181 172,834
United Tract. (Prov.) July
280,500 239,258
Wil.ANewOastleEleo AUKUSt
8,605
6,200
* These are results for properties owned.
t
Strike In July, 1900.
1.145,189
445,266
561.9C0
353,4(0
298.280
189,864
135,355
507,603
17,483
4,822
51.947
23,543
175,595
129.062
241,557
17,246
8.080
48,889
20,979
164,197
40,430
266,271
8,998
2.125
25,720
8,569
66,948
14,137
59.865
155.299
924,502
52,874
117,710
9,173
2.196
22,169
11,435
77,064
9,955
46,897
129,331
807,433
210,549
3,292,361 2,306,945
374,722 345,043
117,462
157.855
178,821
161,471
200,689
594.167
949,676
1,047,892
1.74S.182 1,875,641
140,122
150,931
169,414
264,047
755,830 764,756
1,164,266 1,084,841
1,498,379 1,321,728
30,559
46,167
Tear.
249,841
1,575,641
and Surplus.— The following Street
Interest Charges
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges.
Int., rentals etc.
.
«
,
Ourrent
Eam's.~
r-Bal. of Net
Previous
Tear.
Current
Tear.
Previous
Tear.
Tear.
Roads.
Buffalo RailwayApr. 1 o June 30
142,688
108,856
-162,822
"84,262
49,667
98,738
75,320
510,048
45,909 "def.8,094
•188,863
79,779
67,800
79,979
490,465
414,154
"8.037
"47.373
61,531
316,968
Cro8st'wn8t.Ry.(Buff.)—
Apr. 1 to June 30
Internat'lTr. (Buff.)July
Twin City Rapid Tr. July
Jan. 1 to July 31....
ANNUAL REPORTS.
Annual Reports.
—The following
is
an index
to all
annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors'
and Stbeet Railway Supplements.
This index does not include reports in to-day's Chronicle.
Railroads, Etc.—
Alabama Great Southern
Page.
448
890
44U
American Shipbuilding
Ann Arbor
Boston Electric Light
Boston & Maine
448
335
385, 3i7
889
235
835
2^6
286
285, 291
Buffalo Rocb. ft Pitts
Buffalo ft Susquehanna
Calumet A Hecla Mining
Canadian Pacific.
Chicago Burl. & Quincy
Chicago
Chicago
Eastern Illinois
Northwestern
ft
ft
Cleve. Cin. Chic.
Denver*
ErleRK
4 St. L
441
288
Rio Grande
38P, 394
Georgia Southern ft Florida
Hocking Val ey
International Paper
Kanawtia at Michigan
Longlsland
Louisv. Hend.
Louisville
ft
ft St.
Louis
Nastiville
Maine Central
Manhattan Ky
Missouri Kansas
& Texas
442
234
890
234
8*9
442
335
44a
336
443
389
Railroads, Etc.— (Con.)—
Nash. Chat, ft St. Louis
Nat. Enamel. & Stamping
Mew England Cotton Varn
Page.
33<J
New York Ont. ft West
New York Susque. ft West
Norfolk ft Western
231,
Nonh Pac.—Gt. Nor. Joint bonds
336
443
!?36
441
286
Cblc. Bur.ft Q.collat..o#ic sUite. 294
Pacific Mail Steamship
234
Penn,ylvania Co
Peoria ft Eastern
St. Louis ft San Francisco
San Francisco ft North. Pacific...
Shelby Steel Tube
Southern Indiana
Southern Ry
286,334,
335
441
2S5
442
444
389
340
Susquehanna Irjn ft Steel
444
Toledo & Ohio Central
234
U. S. Cast Iron Pipe ft Foundry.... 836
Wblte Pass* Yukon
443
Street Railways—
Page.
Chicago Union Traction
i»2
International Traction of Buffalo. 336
390
Union Traction of Pittsburg
Cleveland Cincinnati Chicago
&
St.
Louis Railway.
(R< port for the year ending June
SO, 1901. J
The report of the President, Mr. M. E. Ingalls, is published
on pages 497 to 500, together with the balance sheets of June
and 1901, the income account, detailed statements of
earnings and expenses, etc., etc.
Tbe statistics for four years, compiled in the mual form
for the Chronicle, aie given below:
30, 19U0,
OPERATIONS AND FISCAL BE8ULT8.
189899.
1900-01.
1899-00.
118,050
233,099
.
Tear.
9
—
8acramento Electric
Gas
learnings.
Ourrent
9
Minneapolis General Electric
39,820
3,224,403 3.104,876
1,073,452 1,010.400
38.428
40.504
40,-* 10
41,783
79,340
73,503
32,347
37,153
267,223
323,003
8,977
8,599
28 151
2^,753
1,881,310 1,565,333
95,426
79,655
— Net
Tear.
1
1,203,761
Olean Street Ry... June
July 1 to June 30
Richmond Tract ion July
Oct 1 to July 31
So. Mtfht A Traot... July
Apr. 1 to July 31....
290,648
Twin City Rap. Tr.b July
Jan. 1 to July 31.... 1,748,182
Date
Previous
Tear.
.
Previous
Tear.
8
474,841
Croost'nSt. Ry. (Knff)bApr. 1 to June 30
[ntern'l Tr. (Buff). July
New Castle Traot.. July
8TREET RAILWAYS AND TRACTION OOMPANIE8.
Latest Gross Earnings.
the roads furnishing re-
all
Cross Earnings.
Current Previous
.
& Duluth
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
first two columns of figures give the gross earnings for he
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and Including suob
latest week or month.
together
and the latest statement of this kind will be found
the Chronicle of August 24, 1901. The next will appear
the issue of September 21, 1901.
turns,
STREET RAILWAYS AND TRACTION COMPANIES.
Gross
191
Miles oper. June 30.
1,891
1,891
447
392
447
384
18,836
15.660
1.S38
1897-93.
1,833
Equipment—
Locomotives
Passenger oars
Freightoars
Operati
457
381
13,479
467
380
13,311
ns—
5.S60.457
Passengers oarrled. 5,542,088
5,093,978
5,792.421
Pass, carried 1 m... 259,259. 134 240.099,226 230,5*6,748 200,998.657
1-915 eta.
1 841 eta
Rateoerpass.perm. 1-921 ots.
1938 ots.
Freight, tone oar'd. 11,093,315 11,006,304 10,04*. 126
9,630,159
'1.704.824 '1,696.221
Fr'gt, tons, car. 1 m. "1,909,096 "1.863,586
0541 ota. 0545 ots.
Kate per ton per m.
0583 its.
610 cts.
Earnings-
4,653,224
Passenger
4,979,652
Freight
11,640,003 10,867,502
Mall and express...
961,065
999,179
Rent, eto
325,059
258.666
$
4,215,036
9,226,534
932,887
314,905
3,860,126
9,237,507
930,657
301,803
16,806.851
14,719,862
14,320,094
Total
$
17,877^490
$
$
THE CHRONICLE.
02
4
Expenses—
Maintenance of way
M
nt
ii
.
1900-01.
189J-00.
$
$
1,815.555
1.907,919
2,114,095
5,124,708
495.974
27 8, 2 HI
44,492
404,751
598,118
1,8-5,560
2,561,768
1,!»76.K88
6. ••30,778
5,015,812
522,013
31!), 323
fi(H,278
58'2,690
317,906
84,380
372 039
579,103
12,755,638
5,121,852
11,749,264
5,057,587
10,646,556
4,073,807
6991
7232
Coii'iuot. triiiiHn'n.
Traffic expenoes...
era] expenses..
.
Insurance
Car service
Taxes
>
24,nnr>
321.337
7135
P.o of op. ex.toe'gs.
*
1897 98.
$
2.2C3.379
2,589,564
5,964,306
r
56,032
333,043
26.043
410,3 20
612,945
of equip
Total
Not earnings
189899.
$
10,968,367
3,351,720
76-59
1898-99.
1897-98.
$
3,351,726
35,189
Other income
5,121,852
127,654
5,057.587
82,934
9
4,073,807
23,592
Total
5,249,506
5,140,521
4,097,399
8,386,915
2,685.056
231,907
500,000
2,641,441
205.097
2,672, -544
•201,166
2,708,691
196,333
500,000
Dlv. on pref stock..
(5 p. C.)
(5 p. c.)
Rate of dividend...
Dlv. on com. 8th. (3^96)979,626 (3j%>83*,840
821,567
Due on Pull'n oon't
New equip., addi
567,852
tlons and imp'ts..
500,000
Disbursement*—
Rentals
P.O.)
Denver & Bio Grande Railroad.
(Report for the year ending June 30, 1901
The annual report has been issue! in pamphlet form for
the year ending June 30, 1901. The remarks of President
E. T. Jt ffery will be found in full, together with valuable
tables, on pages 5C6 to 509 of this issue.
The following comparative statistics have been compiled
for the Chronicle:
OPERATIONS, EAENING8, ETC.
1900-01.
1,668
1899-00.
1.674
1898-99.
1,670
1897-98.
1,666
326
Loco. (st. and nar. gauge)
4,350
Fre'tcars (stand, gauge)
4,250
Fre't oars (nar. gauge)
96
Pass, oars (stand, gauge)
131
Pass, oars (nar. gauge)
—
Operations
776,507
Pass, carried (number).
Freight carried (tons).. 4,321,133
311
305
297
4,350
4,250
3,350
4,250
84
130
82
136
3,^50
4,251
82
Equipment—
Earnings from—
$
8,483,443
2,066,229
Passengers
Miscellaneous
897,732
Total earnings
Expenses lor
Maintenance of way..
—
. .
Total expenses
P.
o.
of exp. to earns
...
$
7,651,643 6,961,804
1,776 760 1,494.479
817,677
813,965
6,181,777
1,360,716
800,433
9,270,248
8,342,926
11,452,404
10,246,080
1,191,508
1,144,574
1,107,636 1,005,176
236.644
224,60)
221,456
935,360
690,044
569,340
3,73^,975 3,269,221 2,795,503
144,133
135,491
159,629
291,153
283,350
266,496
357,261
Maintenance of struct' 6
Maintenance of equip't. 1,087,899
Conducting transports 3,997,761
152,690
Express expensee
33 6,779
General expenses
Net earnings
138
684,666
597,935
556,996
3,781,865 3,327,948 2,596,029
9
Freight
6.485,839
3,760,241
63-30
7,123,898
4.328,506
62-20
5,710,351
3,559,897
61-60
5,017,600
3,325,326
1898-99.
1397-98.
6014
INCOME ACCOUNT.
1900-01.
1899-00.
9
9
Receipts—
Netearnlngs
Other income
Total
4,328,506
111,374
3,760,241
113,684
3,559,897
110,327
3,325,326
62,403
4,439,880
3,873,925
3,670,224
3,387,729
Disbursements—
1,855,122
Interest on bonds
396,471
Taxes and insurance.
For new equipment
stock..
Div. on pref.
(5) 1,182,500
Renewal fund
140,000
Bond conversion fund
Miscellaneous & rental
131,864
1,882,106 1,900,810
1,997,950
357,627
337,552
362,098
130,161
177,590
(4)916,000 (4)946,000 (2^)591,250
60,000
60.000
30,000
120,000
120,000
20,000
139,829
95,133
129,179
.
3,708,957
Total
Surplus
3,635,623
238,302
730,928
BALANCE SHEET JUNE
1901.
Assets—
Cost of road and branches
Rio Grande Pago 3 <fe No. RR
Equipment
349,119
427,415
291,514
2,385,820
-
281,651
143,944
1,272,891
Cash
Total
9
101,221,564
4,135,141
Materials and supplies....
Agents and conductors
Individuals and companies
Securities in the treasury
Bond conversion fund
Special renewal fund
Miscellaneous aooounts
110,509,060
—
Renewal fund.
Pay-rolls
Traffic balances
Accrued Interest on bonds
Coupons
Miscellaneous
Dividends.
Balance to profit and loss
Total
-V. 73, p. 286, 184.
,
3,637,085
33,139
3,130,477
1900.
1899.
257,252
30.
9
$
101,240,712 101,215,941
37,103
4,135,141
4,185,141
553,791
501,227
316,760
250,242
193,852
219,207
1,711,158
2,102,100
213/251
95,202
257, H30
439,951
140,345
141,742
644,621
735,951
109,441,569
109,836,705
281,651
272,091
464,801
239,484
33,833
750,549
298.552
591,376
2,707,223
38,000,000
23.650,000
43.219,500
148,340
213,632
456,042
89,014
62,354
712,035
294,903
473,020
2,125,709
38,000,000
23,650,000
43,219,500
264,791
409,712
380.934
102,313
63,171
708,673
272,895
473,212
2,301,505
.110,509,060
109,444,569
109,836,705
Liabilities
Capital stock, common
38,000,000
Capital stock, preferred
23,650,000
Bonds (see Investors* Supp.). 43,219,500
Vouchers
Miles oper. June 30..
1,567
Equipment Locomotives
Passenger cars
1,651
1,555
437
471
239
444
236
19,686
18,656
288
17,2o7
502
13
419
446
12
12
Operations—
Passenger* carried... 2,250,375
Pass, carried 1 mile. .85,961,031
Kate per pass, per m. 2381 ots.
Tone frelKht carried .10,836,512
Tonsfreightcar.lm." 2,864,370
Rate per ton per m.. 0i6l ots.
Earnings—
2,117,181
79,816,485
2'327 cts.
10,783,221
2,732,536
1,308,050
71,838,098
2-253 cts.
8,837.739
2 456,096
0397
430 cts.
9
9
cts.
1897-98.
1,561
416
289
17.3S3
437
12
1,684,851
66.797,454
2 197 ots.
8.276.944
2,301,312
0-401 ota.
9
9
1.857,305
2,016,455
13,214,164 11,753 032
199,82s
199/9o
204,963
167,2 >7
120,036
113,615
1.608,414
9,74',094
199, V73
156,250
113.S07
1.467,532
9,301,899
199,361
147,996
114,335
15,785,442
14,031,005
11,827,1:8
11,236,123
Main, of way. &c .... 1,975,893
Main, of equipment.. 2,324,226
Conducting transp'n. 4,417,359
General
>
too
aoi
/^8,*ai
1,558,803
2,034,383
4.210,174
5 309,807
} 337,928
1,536,633
1,828,726
3,920,291
1.542,978
1,727,899
3,974,472
297,596
355, a 56
301,966
338,784
8,501,096
5,589,909
7,939,102
3,888,036
3,3 : 0.024
Passenger
Freight
Mall
Express
Miscellaneous
Total
73, p. 441, 390.
Average miles operated.
operations, BABKnros, I.XI-i:N8EB, etc.
1. 100-01.
1898 93.
1399 00.
EX 1? C TVS cs —™
3,280,024
3,373,710
5,047,321
eur.93,200 sur.723,689 eur.106,891
4,964.441
Bur.285,065
Balance
—V.
376,000
(3^
(5 p. C.)
19,376
Miscellaneous
Total
for several years.
Main. ofway,&c. oars
Tuge and barges
INCOME ACCOUNT.
189900.
190001.
$
$
Interest
Norfolk ic Western Railway.
(Report for the year ending June 30, 1901.)
On pages f>02 to 5% will be found the report of Mr. Henry
Fink, Piesident, and also detailed tables of earnings, operations, balance sheets, etc.
Balow we publish a comparison
Freight cars
Three ciphers (000) omitted.
ReceiptsNet earnings
Vol. LXXIII.
Taxes
$
9.445,459
6,339,983
59*84
P. c.exp. toearns....
Total
Netearnlngs
*
6033
6712
7,886,090
70-18
Three ciphers (000) omitted.
INCOME ACCOUNT.
189900.
19C001.
Netearnlngs
Other income
$6,339,983 $5,539,909
68,617
73,562
1898-99.
1897-98.
$3,888,036 $3,350,024
23,364
32,963
$6,408,600
$3,911,400
Total
$5,663,471
$3,382,987
Deduct—
Interest on bonds.... $2,238,480 $2,257,239 $2,219, ^77 $',211,075
Int. on oar trusts ....
11,238
16,400
22,137
28,358
Dividends on pref ..(4%^909,924(4%)909,748 (4%)909,588 (2%) 154,198
Dividend on com. .. (1%)644,692
Advances, etc
1,051
Betterment fund
1,500,000
Flood fund
250,000
Discount on bonds
sold, branch lines
1,520
1,500,000
7,444
4,605
$3,158,746
$752,654
$2,693,236
$684,751
and spurs, and
Roanoke Hospital,
31,185
etc
470,6 26
$5,586,570 $5,155,533
$507,938
$822,030
Total
Surplus
GENERAL BALANCE SHEET JUNE
1901.
30.
1900.
1899.
Assets—
9
Cost of road and equipment ..138,984,600 136,695,016
Company's securities in treas. 2,705,050
2,707.100
Investmentsin oth. companies. 2,411,782
338,103
Aooounts receivable244,603
310,407
Station agents
308.364
175,225
Traffic balances
49.954
49,927
U. S. Government
283,922
321,331
Individuals and oompanles..
1,058,087
1,382,782
Materials and supplies
1,758,520
l,9i6,714
Cash
66,378
139,186
Miscellaneous
Total assets
Liabilities—
144,038,791
141,689,957
23,000,000
66,000,000
51,099,500
184,000
601,396
23,000,000
66,000.000
49,099,500
293,000
642,338
23,000,000
66,000,000
43,711,800
403,000
643,235
502.258
579,955
96,986
78,951
148.610
389.618
2,334,725
221,788
2,633,473
433,797
439.823
60,775
56,947
110,703
590,467
438,907
341,544
111,992
55,260
86,442
594,278
Common
Equipment
)..
liens.
Interest accrued on bonds
Accounts payable —
Payrolls
Audited vouchers
Traffic balances
Individuals and companies..
Taxes aocrued
Reserve funds
Flood account
Betterment fund
Profit and loss surplus
147,971,260
Total liabilities
-V. 73, p. 286, 234,
303,188
252,872
49.928
167,469
695,054
2,465,029
76,349
147,871,260
Adjustment
pref. stook
stock
Funded debt (seelNV. Supp
134,687,666
2,701,400
338,002
l,5b"6!6b"6
1,811,441
1,303,502
144,083,791
141,639,957
New York Ontario & Western Railway.
(Report for the year ending June 30, 1901.
The remarks of Mr. Thomas P. Fowler, President, will be
found in full on page 501.
The traffic and earnings statistics, etc., have been compiled
for the
Chronicle as follows:
OPERATIONS AND FISCAL RESULTS.
Miles operated
Operations
—
1900-01.
1899-C0.
1898-99.
480
480
480
1897-98
430
1,312,572
1,064,441
872,632
1,213,291
Pass, carried. No.
Pass, carried 1 mile. 46,633,523 44,174,570 40,561,436 32,007,644
2-005
1-831
1-748
1-783
ots.
cts.
ots.
Cts.
Rate per pass. p. m.
2,479,292
2,935,416
3,508,508
3,416,606
Freight car'd (tons)
mile.
440,113,877
354,127,528
(tons)
1
516,135,284
486,442,640
Fr'ght
Rate per ton p. mile 0-827
Earnings—
Passenger
Freight
Mail,exp.,rents,eto.
Miscellaneous
Total
ots.
0-816
Cts.
0-786
cts.
0-873
ots.
$
855,201
4,269,307
121,685
76,691
$
787,899
$
709,266
$
641,679
3,970,114
117,623
87,847
3,462.138
111,079
63,681
3,090,280
122,774
59,902
5,322,884
4,963,483
4,316,164
3,914,635
September
THE CHRONICLE.
1901.]
7,
19C0 01.
Operating Expenses—
$
Condue. transoor'n. 2.046,27*
686,72 1
Matnt'nceof equip.
759 918
Malnt. or way, etc.
145,423
General expenses...
138.797
Taxes
1899-00.
1898-99.
$
$
1,823,742
6 -12,761
637,717
135,3 78
138,289
1,67 7,704
513, 578
511
1897-98.
1,544.
•
The
Hi
460,75
l
5'.
operations, earnings, balance sheet, etc., were:
HOAI> AND OIKHAII
1900 01.
292
292
Miles road operated
)
133,017
120.71 H
Ki/ui)iinfiit
134,2
112,865
Locomotives
1*)
3,414,917
1,548.566
68*80
3,777.137
1,545,747
Total
P.o.exp.to earnings.
7096
2,970,110
1,376,054
68 12
3,801,642
1,112,993
7157
19)0-01.
1899 00.
1897 98.
Receipts—
Net .-arnlngs
189899.
$
1,545,747
417, '-'41
1,548,566
273, '392
1,376,064
1-7,919
1,112,
luterest, etc
1,962,991
1,822,258
1,543,973
1,199,739
CU.133
617,480
153.471
192,282
626,207
46,349
196,081
01), 000
-t>urs( nienis
—
Interest on bonds.
Int. and discount..
232,092
197,533
Rentals
i
vh-cellaueous oars.
I
ferries
,ir
45
42
1)
27
2,331
eight oars
I
2,172
41
3
9
46
10
3
3
44
2
Operations—
Passengers carried.
436,544
117,315
375.429
351,484
15.0H4.478 14.H21.971 13,279 388
2-27 ots.
2-05 ot».
2 29 o*».
3-28
1.539,270
1,504,206
Fr'gt (Ioiim) carried.
1,319,036
1,093.576
Frgt.(tons) oar. 1 m. 191,250,216 \97,\0r>.*til 170,589,582 14T.M.-0 536
0-65 ct«
06i
0-65 cts.
Kate per ton per m.
EARNINGS, RXPSMBI AM) CIIABUI H.
1900-01.
1899-00.
1899-99.
Earnings—
1897-98.
$1,258,224 $1,23 ',714 $1,096,948 $1,02.
Freight
347, 1-1
340,461
Passenger
282,431
250.2(,7
148,743
Mails.express&iniso.
147,278
139,955
142,457
m
INCOME ACCODNT.
Total
40
27
'MMD(H cars
i
Net earnings
193
80
182,278
rasceijtferHoar. 1
Rate per pass. p. in.
Total
1
i
.$1,754,148
$1,721,453
$1,519,334
$1,415,560
$S02,842
304,702
348, 69_'
$573,910
387,920
312,419
$525,866
211,537
23-, 592
52,927
50,371
$529,849
354.408
235,975
52,158
Expenses—
Total
Balance, surplus...
857,607
686,306
963,233
859,024
1,083,758
879,233
GENERAL BALANCE SHEET JUNE
1901.
—
87,226,750
Total assets
Liabilities—
Common stock
Preferred stook
30.
1S00.
Assets$
71,287,609
Franchises and property
Investments In other companies. .13,096,617
266,022
Cash at bankers
456,169
Stores, fuel, etc., on hand
818,508
Sundry accounts duo company...
510,298
Trailio accounts due company
138,972
Loans and bills receivable
164,895
Accrued Interest
5,0(0
Miscellaneous
482,000
Cars under lease (oar trusts)
797,278
402,461
71,007,762
7,169,567
194,007
451,563
1,439,071
460,488
914,245
85,790
5,000
1899.
$
70,872,017
7,400,507
155, «41
164,91.")
768.202
502,891
869.747
93,333
5,000
Transportation
Malntenanoeofequip.
Main, of way & build.
General
Total
$1,309,163 $1,324,620 $1,172,390 $1,026,106
$444,985
Net earnings
$396,833
$346,914
$389,454
Int. on bonded debt.. $280,000
$280,000
$280,000
$^80,000
1,331
Other interest, etc..
3,805
8,803
7,137
49,733
Taxes
46,003
40,153
o9,725
$331,064
$113,921
Total
Balanoe, surplus
81,728.033
80,941,575
.87,226,750
Total liabilities
—V. 73, p. 336, 338.
58,113,933 58,113,983
5.000
5,000
15,437,000 15,437,000
21!, 167
213,247
467,394
402,925
125,636
117,576
140,491
137,448
3,075,000
3,150,000
4.1E2.512
3,264,396
81,728,093
80,841,575
Equipment
Cash
Miscellaneous
The company
reports for the fiscal year as follows:
1899-00.
190001.
1 = 98-99.
1S97-98.
Gross earnings
$7,013,861 $6,">21,037 $5,867,739 $5,386,014
4,694,223
4,1/47,515
Oper. exp. and taxes. 5,035,515
3,950,373
Net earnings
$1,«78,346 $2,026,814
$745,758
Interest and rentals. $638,222
568,650
4% dlv. on deb. stook. 780,610
Dlv. on pref. stock A (5)56:1,620 (5)568,620
$1,720,224 $1435,671
$758,170
$700,832
498,002
396,524
(4)454,896
Balance for year. def. $9,106 sr.$l 13,786
sr.$?,156 sr.$338,315
—V.
73, p. 444, 183.
1899.
$13,522,635
1,003,884
352,219
96,637
1,344
$13,522,635
928,884
240,843
96,966
43,316
$14,965,531
$14,976,719
$14,832,644
$7,000,000
4,000,000
3,250,000
79, 1 00
$7,000,000
4,000,000
3,250,000
62,391
26 *,883
310,158
$7,000,000
4,000,000
3,250,000
83,230
75,000
68 546
813,706
196,237
$11,965,531
$14,976,719
$14,832,644
Capital stook, pf
Capital stook, com
Bond
Bills
..
"...
Inoome amount
American Hide & Leather Company.
(Balance Sheet for period ending June 29, 1901.)
The balance sheet of June 29, 1901, as presented at the
annual meeting this week, compares with that of May 31,
1930, as follows:
BALANCE SHEET.
June 29, 1901.
Assets Cost of properties
$25,870,206
Personal property
Stocks of other companies
~t
Advances
V
do
to
Cash
Due by oustomers
Co.
(Report for the year ended Jane 30, 1901.)
President W. R. Bnrt says in substance
The gross revenue was about 2 per oent more than that of the
Bills receivable
Sundry accounts
prevl
ous year and the largest slnoe the organization of the company,
having exceeded $6.oOu per mile of road. The earnings contributed
by the trans-lake service were about $553.000— some $8,000 in excess
of those of the previous fiscal year. While the tonnaee of Iron and
coal carried by ferry decreased, the general business exohanged aoross
Lake Michigan has oontinued to develop, until it represents abou r 27
per ot. of the tons carried and 41 per ot. of the freight revenues. The
centers of population on your line have not yet developed manufacturing interests there are, however, abundant natural resourcescement marl, coal, salt and suitable soil and sites for the manufacture
of sugar— adjacent to the line, which must develop a large tonnage.
Your management has expended $178,615 for additional cars, enfines and the Improvement of grades. In addition $29 63 per car has
een expended for the repairs and maintenance of the company's
freight, $917 per car for its passenger equipment and $153 for each
The roadway has been improved by substituting
of its engines.
about 2,061 tons of 70 for 56-pound rail, by renewing 226,779 ties, by placing 179,428 tie plates and by ballasting about 42
miles with an excellent quality of gravel. The combination through
bridges over the Muskegon and Tobacco rivers have also been replaced by deck steel girders at a cost of about $8,000. The combi;
nation structure at the Manistee crossing Is now the only bridge
which has not been substituted by one of modern capacity and design.
Another year should complete the plan for the Improvement of the
roadway, and, unless some tonnage special In character develops, the
present equipment properly maintained Is sufficient for a considerable
Inorease or suoh classes of traffic as the property Is now transporting.
The property was originally equipped with 56-lb. steel rail— much
of it has had twelve years of servioe
Slnoe the organization of the
company about 75 miles has been substituted by rail of 70 lb. The
safe and economical conduot of your business requires that at least
15 miles of the heavier rail be substituted for the lighter every year.
The ferries. Nob. 1 and 2, are of wood construction. They are about
ten years old— and are expensive to maintain. We shall fl d It necessary to purchase another boat— of steel construction and greater
power— In order to hive a reliable means of increasing the tonnage on
which the value of your property largely depends.
For the parpose of extending the passenger business the management h*s organized the Frankfort Hotel Co, and the Frankfort Land
Co.; through these organizations it is believed a summer tourist travel
may be developed which will add largely to your net revenues. If
these projeots are successful the subscription which the company
makes will be repaid and a considerable addition to your revenues will
be made without any capital Investment.
—
All expenditures whether for extensions, additional land,
motive power or cars— are charged to cost of operation.
Insurance
Stocks in trust
Total
Liabilities—
Common stock
Preferred stook...
Bonds
Interest aocount
Sundry aocounts
Foreign exchange
Reser ve for bad debts
Surplus
Total
x $175,000
-V.
1,057,414
Jfai/31,1900.
$25,202,423
301,570
430,000
263,227
(
\
)
349,180
399,248
1,665,789
34,203
1,615,955
15,811
76,907
7,221,641
50,335
126,404
5,251,724
55,256
10
Hides, leather, etc
:
76,6;
71,002
51,407
254,404
129,211
73, p. 442.
Extensions, betterments, etc
Ann Arbor RR.
30.
$13,522,635
928,«84
380,708
116,726
16,578
Total
-V.
$326,862
$52,592
1900.
Liab lities —
Bonded debt
interest aoorued
payable
State Michigan " taxes
Current liabilities
$328,956
$17,988
SHEET JUNE
1901.
Total
Chicago Great Western Railway.
(Statement for the fiscal year ending Jane 30, 1901.)
$329,808
$67,025
GENERAL BALANCE
Asse's—
Co8tof road
Current assets
58,113,083
5,000
16,937,000
Refunding 4 p. o. bonds
233,767
Interest due and aoorued
284,424
Sundry aocounts due by company
119,960
Traffic accounts due by company.
166,216
Wages for month of June
lx>an6 and bills payable
5,825,000
Rolling stock under lease
482,003
Troflt and loss
5,069,403
50,111
10
$33,920,186
$35,577,030
$11,500,000
13,000.000
x8,375,000
163,000
163,043
292,004
50.000
377,139
$11,500,000
13,000,000
8,525,000
141,156
71,961
2.022.S02
$33,920,186
$35,577,030
313,111
additional in treasury and $150,000 In sinking fund.
72, p. 673.
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
Amsterdam (N. T.) S'reet RR.— Neo Securities.—The
State Railroad Commission has approved the proposition to
issue a $1,250,000 mortgage and to increase the capital stock
from $250,000 to $1,000,000, to provide for new construction.
—V.
73, p. 31.
Atlantic Coast Line Co. of Connecticut.— Ctrtificates o)
Indebtedness Retired. Toe company has purchased and retired $2,500,000 of its 4 per cent certificates of indebtedness
with the procee Is from the sale of its control of the Richmond Fredericksburg & Pot:mac RR. Co. and other funds.
The certificates, it is said, were purchased in the open mar-
—
ket between 96 and 98.
Uiiion Line Between Richmond and \\ ashington. The sale
of the control of the Richmond Fredericksburg <fc Potomac
RR. was made pursuant to the plan already announced
(V. 73, p. 337) for account of a new company formed to take
over the railroad lines from Washington, D. C, to Richmond, Va. In this company the Atlantic Coast Line, the
—
THE CHRONICLE.
494
Pennsylvania RR., the Seaboard Air Line RR., the Chesapeake & Ohio Ry. and the Southern Railway will each have a
fifth interest.
Southern RR.
the Washington
(acquired from the Pennsylvania RR. Co.), 5*8
The new company
will
own
[Vol. LXXIII.
Acquisitions.— The Everett-Moore syndicate on Aug. 30
exercised its option to purchase the Windsor
Amherstburg
Electric Ry. and the People's Electric Light plant of Windsor, Ont.
The railway includes above 15 miles of track and
several miles of projected lines, the franchises and rights of
way for which have been obtained. Vice President Hutchine
is quoted as saying that the new lines will be made a part
of the Datroit United Railway, power being furnished to
them by meats of a heavy cable from the Detroit side of the
river.
The Detroit " Tribune" quotes a director as saying
that $21,000 has been paid on account of the purchase and
that the balance, $220,000, is to be paid in sixty days.— V. 73,
p. 391,337.
&
well as the Richmond Fredericksburg & Potomac. The former
runs from Washington to Qaantico, a distance of about 85
miles, and the latter from Qaantico to Richmond, 80 mileB,
making 115 miles in all. By the original plan the Baltimore
& Ohio was to own a t-ixth interest in this union line, but
the Pennsylvania having acqoired a virtual control of the B.
& O., the latter company was omitted from the list of owners.
See Richmond- Washington Co. below.— V. 71, p. 1310.
Blddeford & Saco RR.— Neiv Stock.— At the meeting of
El Paso (Tex.) Electric
Incorporated.— This comthe stockholders of this company held recently it was voted
to leave the matter of the proposed increase of the capital pany has been incorporated in Texas with $750,000 of authorstock to the board of directors. The directors, we are in- ized capital stock to construct, acquire and operate a street
Incorporators:
formed under date of Aug. 31, have not yet taken action on railway within and near the city of El Paso.
Leigh Clark, John Franklin, Herbert Williams, of El Paso; Owen D.
the matter.— V. 70, p. 1048.
Young and Charles F. Weeks of Boston, Mass.
Bristol County Street Ry. of Taunton, etc., Mass.— New
Houston (Tex.) Electric Street Ry.— Sale Oct.
The
Stock, etc.— The Massachusetts Railroad Commission has authorized the company to increase its stock from §120,000 to foreclosure sale is advertised for Oct. 1 at Houston. The
upset price is $500,000. Toe sale will take place pursuant
|200,000. The shareholders were to vote last week on a
to the decree entered on the 20th day of July, 190
by the
235.
proposition to make a mortgage for $250,000. V. 73, p.
District Court of Harris County, Texas (in the 55th Judicial
Brooklyn Rapid Transit Co.— New Bond Issue Denied.— District thereof), in cause entitled "International Trust Co.
RR—
1—
—
The Treasurer,
,
referring to reports of the issuance of
new
bonds by the company, says that no bond issue is contemplated, and that the company has over $4,500,000 of cabh in
its treasury.— V. 72, p. 390, 81.
Chicago Burlington &Qoincy RR.— Chicago Terminals.—
The company, in order to increase its terminal facilities at
Chicago, has acquired from the Chicago & Alton several
parcels of land, one of these on West 14th St. for $141,610,
and the others in the neighborhood of 12th Place for $85,546.
—V.
versus Houston Electric Street Railway
Co."— V. 72, p. 1136.
Houston & Texas Central RR.— In Possession.—The
crmpany having purchased under authority of an Act of the
Legislature of Texas, approved March 28, 1901, the railroads
of the Central
Texas
&
Northwestern Ry. Co., the Fort
Worth & New Orleana Ry. Co,, the Austin & Northwestern
RR. Co. ard the Granite Mountain & Marble Falls City RR.
Co,, with their franchises and appurtenances, assumed
possession of the same on Aug. 22.— V. 73, p. 391, 287.
73. p. 390, 294, 286.
Iowa Central Ry.— Called Bonds.—The
$591,000 Keiths-
& Northwestern Ry.— Guaranteed Bonds.— The burg Bridge Co. first mortgage 6 per cent sinking fund bonds
bonds recently oftVred by W. J. Hayes & Sons were part of have been called for pbymeDt at par and interest at the office
a new issue of $1,000,000 first mortgage i% P er cent £ ol<* of the Central Trust Co. of New York, on Nov. 30. Interest
Detroit
bonds, dated 1921, with principal and interest guaranteed
and assumed by the Detroit United Ry. The bonds will be
due in 1921, but are subject to call after 10 years from date
at 105 and interest. The interest is payable at the office of
The guaranty on each of
the Union Trust Co. of Detroit.
the bonds is as follows:
In consideration of the conveyance to be made to it of the property
covered by the mortgage referred to in the within bond, the Detroit
United Railway hereby guarantees and assumes the punctual payment of the principal and interest of the within bond at the times and
in the manner specified therein and in the said mortgage, and coven ants
to pay the prinolpal and interest as the same shall become due in accordance with the provisions of said bond and said mortgage. In witness whereof, the said Detroit United Railway has caused its name to
be hereunto subscribed by its Vice-President, and its corporate seal
affixed and attested by its Asslstant-Seoretary.
Detroit United Railway,
By
Attest:
A
Vice-President.
Assistant Seoretary.
circular further says
This is a suburban road with about 61 miles of track, running from
Pontlao to Detroit, Michigan, and has been purchased by the Detroit
United Railway Co., whose capital stock is now paying 1 per cent
quarterly dividends. The Detroit & Northwestern Ry. has exceptionally liberal franchises running for thirty years. It is partially double
track, standard gauge, steam railroad cor struct ion, with til the necessary switches a d turnouts. The rails are of the best Bessemer steel
and weigh 70 pounds to the linear yard. This line traverses a thiokly
settled, rich, agricultural oountry in Miohigan, that for the first 24
miles out of Detroit has practically no railway facilities whatever. In
The oarrylng of milk alone will
this respect this line is exceptional.
:
yield a large revenue.— V. 73, p. 391.
Detroit United Ry.— Guaranteed Bonds.—See Detroit &
Northwestern above.
Deposit of Stock— New Company.— The holders of the company's $12,500,000 capital stock are invited to deposit their
shares with the Guaranty Trust Co., of this city, for exchange into 4$ 30-year gold bonds of a new Michigan company on the basis of $105 in bonds for every $100 share of
The bonds, if desired, will be sold with the holdings
stock.
of the syndicate organized to carry through the deal, the
depositing shareholder to receive his share of the proceeds.
The new company, it is understood, will be a temporary organization formed to facilitate the merger of the EverettMoore properties in and around and connecting Detroit,
Cleveland and Toledo.
The Cincinnati " Tribune" says :
A new company Is to be organized under the laws of Michigan with
a oapital of $12,-00,000 and an authorized issue of $50,000,000 4 per
cent 30 year gold bonds. Of this amount $15,767,000 will be reserved
In the treasury to retire prior liens on the property, that is, to redeem
the present outstanding bonds on the Detroit United. In addition to
this ami unt $17,500,000 will be held in the treasury to provide for future extensions and $2,983,000 will be held to meet obligations of the
Detroit United Railway Co. This leaves $13,750,000 of the four per
cent bonds, whioh the trustees. Into whose hands they are to be put,
are to use in acquiring the stock of the Detroit United Ry. This they
will do by offering $105 in these four per cent bonds of the New Miohigan company for every share of $100 of etook of the Detroit United
Ry.
After this first step in the deal is finished, a third company, is to be
formed under the laws of New Jersey, which will take over the Miohigan corporation by buying the stock that will not have been issued at
the time that the $">O,000.i 00 bond issue was provided for. This New
Jersey company will at the same time take over the stock of similar
companies that will have been organized, one to seoure the roads in
and about Toledo and the other the roads in and about Cleveland,
which will have given bonds for stock in the oompanles that they succeed, and whose stook in turn will be taken over by the New Jersey
company. The latter will have a oapital of $125,000,000 and will
consolidate all of the oompanles in the three cities eventually into the
one company.
1.— V. 73, p. 236, 184.
Kansas City-Leavenworth Kj.— Consolidation.—The Kansas State Charter Board has authorized the corsolidation
with this title and $3,750,000 of authorized capital stock of
the Leavenworth Electric Ry. Co., Kansas City- Leavenworth
Ry. Co., Kensington Ry. Co., Leavenworth & Lansing Ry.
Co. and the Kansas City & LeavenworthJTraction Co.
The officers and directors are:
will cease Dec.
David H. Kimberly, President; W. H. Gabriel, First Vice-President;
C Ellison, tsecond Vice-President; Charles O. Evarts, Treasurer; H.
H
W. Wolcott,
Secretary.
David H. Kimberly, CleT eland, O.; W. H. Gabriel, CleveHenry C. Ellison, Cleveland; Charles O. Evarts. Cleveland; Herbert W. Wolcott, Leavenworth; Charles F. Hutohings. Kansas City,
Kan.; Charles H. Wheeler, Arkon, O.; U. G. Walker, Cleveland.
A bond issue is to be made to complete the line.— 7. 70. p. 125.
Kansas City & Northern Connecting RR.—Sale.— The
foreclosure sale, it is stated, has been adjourned, and is now
set for Oct. 12 at Pattonsburg, Mo.— V. 72, p. 1136.
Louisville Ry.— .New Company. —See United States Traction Co.— V. 72, p. 776.
Lowell & Boston Street Ry.— Bonds.— The company has
asked the Massachusetts Railroad Commission for authority
to issue $90,030 of 4}£ per cent 20-year first mortgage gold
bonds.
Madison (Wis.) Street Ry. Successor Company. See
Madison Traction Co. below. V. 72, p. 438.
Madison (Wis.) Traction Co.— Incorporat ion.— This company has filed articles of incorporation in Wisconsin as successor of the Madison Street Railway Company, recently
purchased by P. L. Spooner, the President of the new company. The capital stook is $200,000. Bonds for $200,000, it
is stated, have been sold through Oliver C. Fuller of Milwaukee, one of the directors.
Mexican Central Ry.— Equipment Bonds Call'd. Equipment and collateral 5 per cent gold bonds, due 1919, second
series, to the amount of $50,000, have been drawn by lot for
redemption and will be paid at par and acorued interest
at the offices of either the Old Colony Trust Company. BcstOD the Manhattan Trust Co. New York; or Messrs. Glyn,
Mills, Currie & Co., 67 Lombard St., London, E. C, on or
after 1st October, 1901. on which date interest on said bonds
will cease.— V. 73, p. 337.
Missouri Kansas & Texas Ry.— Bonds Called— RefundThe company announces that, exercising the rignt reing,
served to it in its written guaranty of the Boonville RR.
Bridge Co. bonds of 1873, it has elected to call and will pay
at par the entire outstanding issue (|334,000) of said bonds in
cash on Nov. 1 at its office, No. 49 Wall St.
To those of such bondholders who desire to renew their
security on this property, notice is given that arrangements
can be made on or before Nov. 1, 1901, through H. W. Poor
& Co., 18 Wall St,, New York, so that, instead of receiving
cash as above for their holdings, such bondholders can receive new 4 per cent 50-year gold bonds, likewise guaranteed
by the Missouri Kansas & Texas Railway Co., of an isssue of
$1,000,000 secured by mortgage of the Bridge Company's
property, such exchange for new bonds (if made before Nov.
1, 1901) to be on the basis of par and interest to Nov. 1, 1901,
for the old and 80 for the new, with interest from Nov. 1,
1901.— V. 73, p. 389.
Director*-:
land;
—
—
—
;
,
—
SEPTEMBBB
THE CHRONICLE.
1901.]
7,
UK—
Extension of Pool.— The share
New Orleans City
holders who pooled their stock in view of the negotiati
looking to a po.sc.ible sale of control have been asked, it is
stated, to continue the pool for ninety days.— V. 73, p.
Norfolk Si Western Ky.— Annual Meeting.— At the anim
meetiug on Oct. 10 the stockholders will vote upon a prop
il
tion to ratify the action of the directors terminating the
right to issue prior lien bonds under the first consolidated
mortgage; also to ratify the purchase of the Cincinnati
Portsmouth
01eau(N.
&
Virginia
Y.) Street
RR — V.
78, p. 286, 984.
llj.—New Securities.— The company,
reported, has received authority from the State Railroad
Commission to issue $130,000 first mortgage bouds and
8:25,01.0 second mortgage bouds to provide for the construction of the proposed extension to Bolivia, Allegheny County.
it is
—V. 65, p. 152.
Panama UK.— Called Bonds.— Twenty
first
mortgage
4^
per cent sinking fund bonds have been designated by lot for
redemption at the office of the Central Trust Co. of New York
on Oct. 1, 1901, at 105 per cent. Iaterest will ctase on the
day named for redemption. V. 72, p. 773.
Richmond Washington Co.— Incorporation.—This company on Thursday filed articles of incorporatio i in New
Jersey preparatory to taking over the control of the Richmond Frederickebnrg & Potomac and Washington Southern.
The comiaed line of these companies extends from Washington to Richmond and is to be owned and operated as a union
property by the five companies mentioned under the caption
"Atlantic Coast Line Co." above. The capital stock is $3,-
—
000,« 00 in jiLOO shares.
St.
Lawrence & Adirondack Ry.— Neio Stock.—The
direc-
have authorized the sale of $315,000 new stock at par to
the shareholders, to provide for the retirement of the $300,000
debenture 6s which have been called for redemption at 1U5.
There is talk of the possibility of the South Shore Ry., now
controlled by the game interests, being acquired. See that
company below. V. 73, p. 287, 33.
tors
—
Savannah Fl jrida & Western Ry.— Consolidation.— The
shareholders voted on Sept. 2 to absorb by consolidation the
495
u inulative preferred, to take over the property
nies owning, it is stated, about '.)'> p t oent ol
<
machinery manufacturing plants
options were obtained by Thorn
ol
the United S
of
compalry
i
uo
of
the National Laundrymen's Association. H -ury Sproal <fc
-rCo. of Pittsburg have charge ot the financial m
taining to the consolidation.
American Light Ac Power Co. of Lewilton, If ft PtiTT tow.
—See Lewiston & Auburn E'ectric Light Cu, btluw.
American Lime & Stone Co.— Consolidation.— It is proposed to unite under this title a number of Pennsylvania
stone and limestone properties which have in the pa6t been
The capitalization of the
profitably operated separately.
consolidated company will consist of $2,0(0 000 common
stock, $2,000,000 7 per cent cumulative preferred stock and
$2,000,000 first mortgage 30-year 6 per cent gold bonds. The
American Trust Co. ot Pittsburg is receiving subscriptions
tor the preferred stock and bonds at par (equal amounts of
each), a bonus of 70 per cent of the aggregate subscription
to be given in full-paid common stock; par value of all
Further particulars may be given anshares, $U0 each.
other week.
American Strawboard Co.— Proposed Consolidation.
& Paper Co. below.— V. 73, p. 34.
—See
United Box Board
American (Bell) Telephone &
Telegraph Go.— Slum*
on Netv York Stock Exchan(j>>. —The company's shares
were on Tuesday admitted to dealings on the New York
See V. 72, p. 1232 and 1240— V. 73, p. 416,
Stock Exchange.
dealt in
393.
A u barn (N. Y.) Light, Heat & Power Co.— Control Purchased.— See Auburn Light, H^at & Power Co. above.— V.
69, p. 1H9.
Baltimore County (Md.) Water & Electric Co.— Called
Bonds. The issue of first mortgage 6 per cent gold bonds of
the Chesapeake Electric & Water Co. has been called for redemption at par at the office, 112 S;. Paul St., Baltimore,
Md., on Oct. 1, 1901.— V. 71, p. 865.
Bloomiagton (Ind.) Gas, Electric Light & Heating Co.—
Bonds Ojjered.— Trowbridge & Niver Co. of Chicigo (1st
National Bank Building) are offering for sale a block of this
company's 5 per cent bonds.
Boutt>n Water Co.— See Seaside Water Co. below.— V.
Consolidated Gas Co. of New York.— Rumors.— In line
with reports which have been current for a year past of
possible rights to be accorded to the company's shareholders
comes this week a vague rumor to the effect that plans have
been suggested for the formation of a new company to take
—
Ashley River RR., Green Pond Walterboro & Branchville RR., Abbey villd Southern Ry., Southwestern Alabama
Ry., all subsidiary lines.— V. 73, p. 237, 83.
Schenectady Ry. New Bonds.—Perry, Coffin & Burr
of Boston should have baen mentioned in our issue of
August 3L as joint purchasers with N. W. Harris & Co. of
$1,250,000 first mortgage 4j^ per cent 40 year gold bonds of
the S.henectady Riilway Co., which controls the entire
street railway and electric lighting business of Schenectady,
N. Y., including extensions now under construction to over the assets of the Consolidated Gas Co. and to give to
present stockholders 85 per cent in 5 per cent bonds, 83 per
Albany and to Troy.— See V. 73, page 445.
cent in 6 per cent preferred stock and 80 per cent in common
SI.—
The
is
Sale
Sept,
foreclosure
sale,
it
Seattle City Ry.—
now stated, will take plase on Sept. 21; upse; price $246,000. stock.— V. 73, p. 186.
Diamond Match Co.— List. d.— The New York Stock Ex—V. 73, p. 237, 186change
has listed $250,100 additional capital stock, making
Sonth Shore Ry. of Canada.— Plans.—The W. Seward
Webb
now owns
or controls over 75 per cent of
this company's capital stock and Arthur L. Meyer, 15 Broad
contract ha3 been rnad^
St., has been elected President.
with the Dominion Securities Co. (seeV. 73, p. 393) to finance
the proposed extension to Lbvis and to provide the funds for
new stations, ballasting and payment of outstanding indebtedness. See St. Lawrence & Adirondack Ry. above and V.
syndicate
A
73, p. 392.
Sonth Side Elevated RR. Dividend Increased.—The Company has declared a quarterly dividend of 1 per cent, increasing the annual rate irom 3 to 4 per cent. V. 72, p. 336.
—
amount listed to date, $15,030,000. The additional sto^k
the remainder of the authorized issue; it was sold for
"the general purposes of the company." V. 73, p. 238, 140.
Electric Company of America. —Purchase Completed.
We are officially informed tbat the company has purchased
$289,600 capital stock (of the $302,400 outstanding) in the
Auburn (N. Y.) Light, Haat& Power Co., and is negotiating
for the balance
The Auburn company has outstanding
$308,000 of 5 per cent gold bonds, part of an issue of $350,000
authorized in 1899; its authorized capital stock is limited to
$350,000 in shares of $100 each.— V. 73, p 239, 238.
Electric Vehicle Co. -Suit.— Richard Siegman has brought
suit in the Court of Chancery at Trenton, N. J., against
Isaac L Rice, George H. Day, Thomas J. Regan, Daniel
Saea, Martin Miloney, John Jacob Astor and other
directors of the company, to hold them responsible for the
payment of dividends alleged not to have been earned.
Financial Status. The "New York Herald" quotas James
E. Hayes, the company's counsel, as saying in suostanc=:
That the company haa been unfortunate in its Investments la no
total
is
—
—
United States Traction Co. of Louisville, Ky.— IncorporThis company has been incorporated in Delaware
with nominal ($30,000) capital stock.
Washington Traction & Electric Co.— Suit.— The United
S.ates Mortgage & Trust Co., as mortgage trustee, has
bionght suits against the City & Suburban Ry. for sums aggregating $325,405, representing notes given by the City &
Suburban Company and endorsed by the Traction & Electric
Company to the United States Mortgage & Trust Co., the fault of the managers. We invested $1,0. 0,000 iu acquiring the stock
United States Electric L'glriog Co., the Columbia Ry. Co. and other properties of different companies, and there is no doubt
these investments have proved unfortunate. While I am tree to
and the Anaco3tia& Potomac Ry. Co. Similar suits, it is said, that
admit that I am disoouraged at the situation, I still believe tnat everyare to be filed against the other companies of the system thing will come out all right. Aito just what shape the company la
which have given notes that have not been paid. A receiver in I cannot tell until the Treasurer reports at the annual meeting to be
for the City & Snburban Ry. was applied tor on Thursday held on Sept. 17.
We acquired Mr. Rice's patents for storage batteries. The company
by Charles P. Williams, John F. Shea and StephenjGatti, also bought the Pope
Electrio Vehicle works and patents, at Hertford.
minority stockholders.— V. 73, p. 392.
Conn., paying $1,000,000 therefor. Then we Increased the capital
ught
of our company from $10,000,000 to $ 2,000,0.(0. N
White River Lonoke St Western Rj.-Sold.— This property stock
the Siemens <fc Halske plant at Chioago in 1899 for $1,000 OOO, and
was recently sold at Lonoke, Ark., under decree of tne Chan- lost nearly that much money in the investment. We have since sold
cery Court, and wa3 bid in by A. N. Johnson, trustee, for the plant. We bought 70.0UO shares of the New York Electric Vehicle
Transportation Co. stock, and have had a shrinkage of about *'- per
The road extends from Wooley t> Lonoke, 16 miles, share
$16,500.
on that. We bought 70 OOo shares of the New England Electrle
and is laid with 35 lb. rails.
Vehlole Transportation Co. stock, representing (700,000, and have a
loss of about $350,000 on that,
Then we bought 4,000 chares of the
ated.
—
—
INDUSTRIAL. GAS AND MISCELLANEOUS.
American Hide & Leather Co.— Directors.— Tne board
of
Philadelphia Eleotrlo Vehlole Transportation Co. stock, which represents $400,000. Tne New England oompany, like tnat iu Imuols. has
been dlaaolved. Six or seven months ago we acquired the Kiker Motor
Vehicle Co., and following this increased our capital stock froin$12,-
000,000 to
$20,000,00
from 19 to 15 members, J. B.
When Mr. Siegman says that all this money has been squandered It
Weed, Henry Seligman, Albert Bernard and Edward E. Elms will be seen that the statement Is not correct if theproperuesacqutred
are. TUe company Is a comThe other directors were re-electe J. The balance are worth anything, and they certainly
retiring.
paratively new enterprise. We are improving and obtaining addisheet of June 29, 1901, is given on page 4t>3.— V. 72, p. 673.
tional patents at intervals, the latest being what Is known as the oxide
battery. While we could only manufAPtme batteries that could proAmerican Lanndry Machinery Manufacturing Co.— duce
a speed of 15 or 20 miles per hour when we started in business,
ConsAidation.— This company is being organized with $16,- we are
now manufacturing one that will develop a speed of 40 miles
of
per
of
stock,
which
7
cent
capital
500.0J0
$8,000,000 to be
per honr.
directors has been reduced
THE CHRONICLE.
496
I will admit that there may have been mistakes made in the construotlon. Aa It 1b now we cannot supply the demand for our vehicles. The
operating companies In New York and elsewhere who use our machines are entirely satlslled with them. The only question with us
have sold the exolunlve
now Is, What does It cost to build them I
rights of certain States, and the money derived therefrom has been
We
The company has praotloally no
distributed among our shareholders.
outstanding debts, perhaps (35,000 or $30,000, wliloh can be paid at
any time without the slightest dillioolty.
On Thursday Mr. Siegman filed another bill praying for a
review of the transactions leading np to the absorption of
the Storage Battery Co., and seeking to make the directors
of the Vehicle Company account for all moneys coming to
their hands for stock.— V. 72, p. 933.
Elizabeth (N. J.)Telephone Co.— Sold. -Barker Gummere,
of Trenton, and J. L. Hammell, President of the Trenton
Trust Co., it is understood, have arranged to acquire control
of this company in the interest of the Inter State Telephone
Co.- See V.
98, p. 289, 187.
General Carriage Co.— Permanent Receiver.
— Vice-Chan-
cellor Stevens of New Jersey has appointed W. Q-. E. See
permanent receiver.
E. R. Thomas is receiver for the propYork.— V. 73, p. 339, 140.
erty in
New
Illinois Sugar Refining Co.— To Manufacture Glucose
Exclusively.— This company, it is stated, has given up the
making of beet sugar, and will hereafter devote its entire
attention to the making of glucose. The plant is at Pekin,
Ill.-See V. 70, p. 1197.
Telephone Co.— Aequisit ion. —See Elizabeth
Telephone Co. above.— V. 73, p. 289, 187.
Inter-State
Kensington Electric Light Co. of Philadelphia.— See
Philadelphia Electric Co. below.— V. 69, p. 80.
Lewiston & Anbnrn (Me.) Electric Light Co.— Change in
Control.— E. W. Gross, owner of the American Light &
Power Co. of Lewiston, Me., hes purchased "practically the
entire capital stock" of this property, aDd therefore controls
all the electric light and power interests in Lewiston and
Auburn. At last accounts the American company had outstanding $50,0(0 capital stock (no bonds) and the Auburn
company had issued $90,000 capital stock and $60,000 of 6
per cent bonds (total authorized $100,COO).
Los Angeles (Cal.) City Water Co.— City Votes Bonds for
Purchase.— At the city election on Aug. 28 the proposition to
issue $2,000,000 bonds for the purchase of the company's
plant was approved by a 5 to- 1 vote. Dillon & Hubbard of
this city are examining the proceedings. The agreement
with the city provides in part
Second— * * * But from and after the time when It shall
have been determined by official canvass of the votes that the
said bonds have carried, the company shall be entitled to 7 per
cent per annum Interest upon the said sum until the money is paid,
and the city shall be entitled to the net profits arising from the <peratlon of the said systems and property proposed to be turned over to
the oity and the distribution of the water. * * *
Fifth— Upon these terms and with ihls understanding the companies propose to take the sum of $2,000,000 for all the properties of
the Crystal Springs Land & Water Co,, the Los Angeles City Water
Co. and whatever may be standing in the name of the East Side Spring
Water Co.
Eleventh— It is furtner agreed that upon the final settlement being
made and the payment made, all actions and proceedings of every
kind pending between the parties shall be dismissed, each paying his
own
costs.
Thirteenth— The property when turned over by the companies to
the city shall be free of any incumbrance of any kind, the companies
agreeing to discharge every ol aim which is a lien upon the property,
including taxes.— V. 73, p. 1S7.
(Ala.) Light & Power Co.— Franchise.— The
City Council has passed, and Mayor Joseph has signed, an
ordinance granting to the company a renewal of its franchise
to supply gas for a period of fifty years, beginning Nov. 1.
1902. The ordinance limits the price which may b^ charged
for general lighting to not exceeding $1 62 per thousand cubic feet, and for heating, etc., to not exceeding $1 08
per thousand cubic feet. The City Attorney says: " This
ordinance is not exclusive. The Council can grant any other
company the same right.'' V. 71, p. 33.
Montgomery
—
National Enameling & Stamping Co.— Mortgage Filed.—
The company has filed its mortgage for $2,500,000, the St.
Louis Trust Co. being trustee.— V.
73, p. 336, 348.
[Vol. LXXIII.
which are now under consideration. 'The directors have no
hesitation in expressing their belief that the earnings are and
will be more than sufficient to maintain dividends at the current rate on the icpreased capital stock, irrespective of the
benefits and increased earnings which will result from the
expenditure of the funds provided by the present stock
issue."— V. 73,
p. 447, 349.
Philadelphia Electric Co.— Reported Acquisition.—The
"Philadelphia Record" quotes a director of the company as
saying: "Negotiations for the purchase of a controlling interest In the Kensington Electric Light Co. have progressed
to the point that will insure the consummation of the deal."
V. 72, p. 774.
—
Phoenix (Ar.) Water Works <fc Sewerage Co.— Foreclosure.— A prefs dispatch states that Henry O. O'Hagen of
London has brought suit to foreclose a $70,000 mortgage made
by the company to cover a sewer in the business section of
Phoenix. The mortgage secures 7 per cent bonds, on which
it is said only a small amount of interest has been paid.
Pittsburg Stove & Range Co.— New President.—Charles
H. Bradley has resigned as President and been succeeded by
John D. Nicholson of George B. Hill & Co. of Pittsburg.
Lyman De Haven also has resigned as director. The earnings for the late fiscal year are reported to have been "quitesatisfactory."— V. 70, p. 1099.
Republic Iron & Steel Co.— President to Retire.— It is
announced that Randolph S. Warner will retire from the
presidency at the approaching annual meeting.
remain a member of the board of directors.— V. 73,
He
will
p. 295.
Rnbber Goods Manufacturing Co.— Dividend.— The diThursday made the following statement: "The
usual quarterly dividend on the preferred stock was declared today at a regular meeting of the board, payable
on the 16th inst. The common stock dividend will come up
rectors on
in the regular course at the meeting of the directors the first
week in October."— V. 73, p. 187.
Seaside Water Co. of Long Beach, Etc., Cal.— Consolidation.— Th'<a company recently absorbed by consolidation
several properties described by the "Los Angeles Times" substantially as follows:
Bouton Water Co., inoluding the distributing system, etc., in Lonjc
Beach, and Terminal Island and artesian wells and lands; Long Beach
Development Co., inoluding ocean front lards, reservoirs, pipe lines,
Banning Company, owning the Wilmington and San Pedro water
system and supplying the towns of Wilmington aod 8an Pedro; 6CO
city lots in Lorg Beach and 1.500 acres of ground bordering on the
ooean between Long Beach and Terminal Island, and extending back
from the coast at some points a distance of 2 miles.
Mortgage.— The company has made a mortgage to the
Trust Co. of Los Angeles, as trustee, to
Broadway Bank
secure $600,000 or 5 per cent 20-year bonds in denominations
of $500 and $1,000 each. Charles R. Drake, recently of Arizona, is President, and Frederick H. Rindge of Santa Monica
is interested.
The capital stock is $600,000 in $100 shares.
Office, Rindge Block, Los Angeles.
etc.;
&
C—
InStandard Light & Heat Co. of Washington, D.
crease of Stock.—This Delaware corporation has increased its
The company was
capital stock from $200,000 to $1,000 ; 000.
organized in 1899, the incorporators being R. S. Lawrence,
E. A. Oldham, E, H. Talbert and E. J. Stillman, all of
Washington.
United Box Board
& Paper Co.— Consolidation.— Nego-
tiations are in progress for the consolidation
under
this title
American Strawboard Co. and a number of other concerns which manufacture box board. The new company, it
of the
is proposed, shall be incorporated under the laws of New
Jersey, with authority to is3ue about $25,000,(00 of capital
stock, of which part to be 7 per cent cumulative preferred.
Shibley of this city are handling the financial end of
Dean
the transaction.
&
United Frnit Co.— Convertible Debentures.—The shareholders will vote Oct. 7 on the proposition to issue $3 000,(00
5 per cent 10-year convertible bonds, and to execute an
agreement with the Old Colony Trust Co. relating to such
bonds, and reserving the right to increase the total issue
thereof to $5,000,000. See official circular in V. 73, p. 295.
Graraaphone Co.— Temporary Receiver.— JusCady Herrick, in the Brooklyn Supreme Court, has
United States Steel Corporation.— See page 5C9.
placed this company in the hands of a temporary receiver on
Utica Steam & Mohawk Valley Cotton Mills Co.— Consoliapplication of certain stockholders, who allege that the comdation.— The Utica Steam Cotton Mills and Mohawk Valpany is insolvent.— V. 71, p. 290.
National
tice E.
& Coke
Co. of Chicago.— New StockCircular. A circular announces that the authorized capital
stock has been increased from $30,000,000 to $35,000,000, and
that there is also in the treasury $1,331,200 of stock hereto
fore authorized but not issued. Of the total amount now
authorized, $5,000,000, and the unissued treasury stock,
namely, $1,331,200, aggregating $6,331,200, it is proposed to
issue now 43,003 shares of the aggregate par value of $4,Stockholders of record Sept. 16 will have the right
300,300.
to subscribe for such shares at par, to the extent of 15 per
cent of their holdings, payment therefore to be made at the
Central Trust Co., 54 Wall St., New York, at par, on or
before Sept. 30, 1901.
The circular says the new issue is made to cover loans
created to meet capital expenditures, to provide for large
extensions and future improvements, and is to facilitate the
carrying out of certain plans for the benefit of the company
People's Gas Light
—
ley Cotton Mills companies have voted to consolidate under
this title and with $2,000,000 of authorized capital stock.
Directors of new company:
Abram G-. Brower, Thomas R. Proctor, John M. Crouse, G. Clarence Churchill. Nicholas E. Kernan, Frank E. Wheeler, Francis G.
Wood, Henry F. Mansfield, B. Rush Wendell. Rufus P. Blrdseye, Israel
N. Terry, D. Clinton Murray and George DeForest.
Office, 45 State Street, Utica,
N. Y.
Waterloo Water Co. of Muscatine, Iowa.— Bonds Called.—
The 6per cent bonds dated Sept. 1, 18S6, have been called for
t
redemption at 1C3 and interest, and will be paid upon presentation at the office of the Farmers' Loan & Trust Co. Nos.
16 22 William St., New York City. Interest ceased 8ept. 1.
,
Wilmington (Del.) Coal Gas Co.— Sa le— The directors in
a circular recommerd the acceptance of an ofl>r for the
stock of $116 per $50 share from parties not named. The
btock at last accounts was $600,000.
StlTEMBER
THE CHRONICLE.
1901.]
7,
sports
497
and £tontmcuts.
CLEVELAND CINCINNATI CHICAGO &
ST. LOUIS
RAILWAY COMPANY.
TWELFTH ANNUAL REPORT- FOR THE FISCAL YEAR ENDING
To
the Stockholders
:
year endlnK June 30, 1901, the Kross
earnings of the 0. 0. 0. <fc 8t. L. Ry. Oo. proper have
been
$17,877,489 23
Operating expenses, Including taxes
12,755,637 si
For the
fiscal
Net earnings
J5.121,PB1 44
2,916,962 79
Interest and rentals
Leaving a balanoe to credit of Income of
Deducting from this four quarterly dividends of >4 per oeut each, on the preferred stooK
$500,000 00
And one dividend of 1 ** per oent and one
$2,204,888 65
1
dividend of 2 per oent on the
stock
common
979,625 85
Leavos a surplus of
Interest, dis-
127,654 12
Making a total surplus of
Deducting amount exprnled for Double
$852,916 92
$272,959 45
103,644 71
191.217 60
Track, Cleveland Division
Anderson Yard Improvement
300 new coal oars
Leaves a nirplus for the year of
Which, added to the lncjme account of the previous
year...
567,85196
$285,064 96
1,122,643 20
Makes a balance
to
be carried forward of
and charged to income Account the Bums oi
30*18 miles of double track constructed on
vei 11 miles ol ti
Division and $103,644 ;i fur ;i trifle
and Improvement! in the Anderson Sard.
For the enlargement of the shops of the Company,
<
$1,407,70* 16
The mileage of main track from which these earnings
were derived was the same as in the previous year.
The Mt. Gilead Short line (2 miles in length), operated
by this Company, earned, gross, $1,360 27, a decrease of
$229 44 compared with the previous year; the operating expenses were |4,014 53; showing a surplus for the year of
$345 74. against a loss of $85 61 the previous year.
The Kai kakee & Seneca Railroad (42'0-t miles in length),
operated jointly for account of this Company and the
Chicago Rock Island
Pacific Railway, earned, gross, $95,GS3 70; operating expenses were $92,078 81; net earnings,
$3,604 89, against $13,318 62 last year.
The Peoria
Eastern Railway, from Springfield, Ohio, to
Peoria, 111. (352 miles in length), earned, gross, $2,4«8,operating expenses, $1,666,353 97; net earnings,
303 56;
1831,949 59; fixed charges, $404,075 0; leaving a surplus of
$417,874 59, as against $315,656 47 last year.
The above lines make a total mileage of track on all the
system operated and controlled by this Company, including
double track and sidings, of 3,308-36 miles. The total gross
earnings of the entire system have been $20,465,836 81, an
increase of $',189. 528 07; net earnings. $5,9)7,751 66, an increase of $88,775 10 compared with the previous year.
The number of t ns of freight carried one mile shows an
increase of 2-4 per cent; the revenue from freight an increase cf 7 l per cent; the average receipts per ton per mile
increasing from 5 83 mills to 6-10. The average train load
decreased from 335 to 333 tons, but the freight train earn
ings, owing to the increased rate, were $2 03 per mile, as
against $1 95 last year.
The number of passengers carried one mile shows an increase of 8 per cent and the revenue 7 per cent: the average
rate per passenger per mile decreased from 1-938 cents to
1*921 cents.
The passenger train earnings per mile were
$1-1482 as against $1' 6' 5 the previous year. The passenger
train mileage increased 369,069 miles.
The increase in freight earnings for the year was $772.500 46; of this increase $265,264 28 was due to increased tonnage and $507,236 18 to increased rate.
The passenger earnings show an increase of $326,428 06, of
which $371,319 01 was due to increased business and a loss of
$44,890 95 to decrease in rate.
The company, as will be seen by the above figures, has
been able to secure fair and remunerative rates upon its
business during the year.
There has been an increase in the expenses, due mainly to
increased wages and cost of supplies, the chief of which
being the cost of fuel, which shows an increase for the year
of $280,072 91 or nearly 30 per cent.
The large expense for maintenance of equipment is due,
as in the previous year, to the sums expended for renewals
and repairs and the purchase of new equipment; 11 engines,
366freght cars and 22 passenger cars having been purchased
or built and charged to expenses, at a cost of $582,424 04.
This is in addition to ordinary repairs, and exclusive of the
300 coal cars that were purchased and charged to Income
&
&
(
-
,
Account.
The maintenance of way shows a large increase, due to
greater charges for rail and tie renewals, for bridges and
stations, and for the enlargement of yards and sidings. 34-68
miles of side-track for yard and passing-track purposes, and
for the accommodation of industries, were built during the
year and charged directly to expenses. 6-2 miles of unused
sidings have been taken up and the material credited to expenses. In addition to these charges there were expended
for
mi
i
new
tools, in addition to ordinary repaii
been expended and charged to ezpensi
The Company owned at the close of the year, 117 locomotives, 892 passenger cars and 18.888 freight cat
however, including 2, Too cars, which are being d<
at
thi' date of this report, and for which the Company lias
entered into a contract to pay $1,501,365, in sixty monthly
payments, with 5 er cent interest.
120 miles of 80 pound steel rail have been laid, repla
lighter rail on the main line, which in its turn ha
moved to the branch lines and substituted for the light rail
there, which has been taken np and Bold. 388,000 yards of
Large
ballast were distributed over 210 miles of track.
sums were expended during the year upon oew frogs and
switches, railway crossings and interlocking-;, bridgi a and
In every way the condition
trestles and station buildings.
of the track has been maintained and improved.
The increase in t he expenditure for ties is due to the increase in price and also to a larger number put in the track.
Heavier bridges and structures have everywhere been put
in and charged to expenses whenever renewals were necessary. The Company has pursued the same policy as in
previous years of miking no charge to Construction for any
expenditures upon the property, whether for maintaining
or improving. It will be seen that there is a credit of $45,to Construction, which is for premium upon 4 per cent
bonds sold to take up the 7 per cent bonds falling due.
After charging to expenses the extraordinary amounts
herein alluded to for repairs, the Company had a net income
of $5,121,851 44.
Interest and rentals show a slight increase
over the previous year, so that after charging out the same,
there was a balance to the credit of income of $2,204. ssy 65.
From this was deducted the usual 5 per cent dividend upon
the preferred stock and two dividends of V% and 2 per cent on
the common stock, leaving a surplus of $725,262 80: to this
was added balances of sundry accounts of $127,654 12; making a surplus a f ter all charges for expenses, interest and
dividends of $852,916 92. Against this sum, 2013 miles of
double track on the Cleveland Division, the improvements
in the Anderson Yard, and 300 freight cars, were charged.
The Company, after doing this was able to bring forward
the comfortable surplus of §285.' 64 96.
During the year $2,000,001) of Cincinnati & Springfield 7 per
cent bonds, which were included in this Company's liabilities,
fell due, and $2,000,000 of 4 per cent bonds were sold and the
proceeds applied to the payment of these bonds, and the
premium upon the same, as heretofore stated, credited to
Construction. During the coming year there are $995,000
of 7 per cent bonds falling due, and your directors included
in the sale a sufficient number of 4 per cent bonds to pay
these at maturity. By these changes the Company will
save a trifle less than $90,000 per annum in its fixed charges.
During the year the Company sold $397,000 of Peoria &
Eastern Ry. First Consolidated Mortgage bonds in its treasury and purchased certain securities of the Cincinnati
Northern Railroad for $377,851 52, Other than this, there
have been no substantial changes in the securities owned.
The Peoria & Eastern Ry. bonds were sold because they
were not necessary for control, the Company already having a majority of the capital stock of that Company, and it
was thought wise to secure an interest in the Cincinnati
Northern Railroad, which is a local feeder for our Company,
its line extending from Franklin, O., to Jackson, Mich., and
in the judgment of your Directors it is not only valuable as
a feeder but as an investment.
I commend to the careful consideration of our stockholders the attached statements, which show, in detail, the
financial condition of the Company and its operations for
the past year.
The Peoria & Eastern Ry., of which this Cout]. any owns a
majority of the capital stock, but whose operations are kept
separately, has earned, as will be seen by the attache! statements, an increase in gross of $131,887 18, and in net, $56,293 12.
Its fixed charges, owing to the refunding of its
tng a
bonds, were reduced from §120,000 to §404'balance to the credit of income of $4 7.S74 59. During the
year it also secured a decision in its favor in reference to
tion Comthe securities in the hands of the old Re<
mittee, alluded to in the last Report, and a portion of th.
wereturnedovertotheC.C.C. & St. L. By. Co. in payment of the balance due that Company. This, with the
credit from income, has extinguished entirely the advanc
of the C. C. C. & St. L. Ry. Co., and still left cert tin valuable securities in the possession of the Peoria & Eastern By.
Co. Your attention is invited to the balance sheet of that
Company and the statement of earnings and expenc
attached.
[
1,479,625 85
$725,262 80
To wbiob add sundry balancer, account
count, exchange for the year
1901.
Jl
•
THE OHRONIOLF.
498
One year ago, In writing the Report of the Company, it was
stated thai the wheat crop along its lines was a failure, but
the prospeoi of corn was Battering. Hie reverse; now s*-ems
to be the oaae; the wheat crop has been immense and harvested, while the prospeoi i"i' corn is noi good, prohably
(from tin' best re ports "that can be had) wo-thinls of ;i crop.
There is, however, plenty of old com in the country, and
with the wheat crop and general business it would look as
t
[Vol. LXXIII.
though the promise for earnings
i
t
M. E.
Cincinnati, O., August
AND
30. 1900,
Construction and Equipment... 86,40S,449 88,363,443
Cost of Subsidiary Hands—
1,589,417
1. 539,417
C. L. & O. RK
321,676
321.676
C. H. <fc O. RR
670,224
676,224
V. G & R RR
200.000
200,000
Harrison Branch RR
50.000
50,000
F. F. & M. RR
3,543.«27
3,543,827
C.&S. Rv
8rf,880
86,890
Flurtlay Belt Railway
447,000
417,000
K. & S Ry. (half ownership)
D. *45,000
&E
M. Bonds.
Munoie Belt Ry. Mort. Notes ...
Dayton & Union KR. Co Stook.
Djyton Union Ry. Co Stook
O. U. D. & Ry. Co Cln., Pr. 8tock.
O.U. D.ARy.Co.,Cln Com. Stk.
Union Drtpot Co Col. O.. Stock..
D. 397,000
397,000
56,785
7.075
107,000
200,003
75,000
37.299
,
C. C. C. & 8t. L. Ry Co. Stock. ..
E Ry. Co. Stock
P.
0. & O. Ry. Co. 8took
C.C. C.&St L. Ry. (Spring, and
Col Dtv.) Mortgage Bonds. ..
W. Ry. 1st M. 7% Bonds.
1. B.
Cinn. Northern RR Securities..
230
230
/'.'
1,571
&
R/. 1st Can. M. Bds.
C.C.C &I. Ry. Gen Con M.Bds.
1. & St. L RR. First Mort Bonds.
I. & Sc. L R
First Mort. B jnds.
O & 8. Ry. First Mort. Bonds....
O. & 8. Ry. Second Mort. Bonds.
C. O.C. & St. L Ry. (C. V.
C.
Ry.) First Mortgage Bonds....
O. C.
I
.'.
&
C.8.&C.RR IstOon.M.
Bonds.
Col. 8pg.& Oin. RR. 1st M. Bis..
C.O.O.&St.L.Ry. (Spring. &Cj1.
Dlv.) First Mortgage Bonds...
C. & St. L. Rv. W. W. Val.
CO
D. 12,800
377,852
2.
Mortgage Bonds
&
&
C. C. C.
St. L. Ry. (St. L. Dlv.)
1st Collat. Trust Mort. Bonds..
C. C. O.
St. L. Ry. (C. W. <b M.
Div.) Mortgage Bonds
C.CC.& St. L. Ry Gen. Bonds
Deferred Liabilities —
Accrued Int. on Bonds not due.
Bills payable
Bills Payable, Equlpm't Notes..
M
.
371,963
556,228
10,000
336,394
25,499
26,028
25,699
2 200
D. 26,028
838,825
57,740
621,801
1. 57,740
D. 217,021
1,159,368
1,276,298
14,431
D. 556,228
2.
16,006
Reserve Fd. for
425,977
6,945
8,100
2.
432,742
10,273
33,050
116.929
6,765
3,328
24,950
D. 865
J.
J.
2.
865
New
Equipm't.
Dayton & Union RR. Co. Loan..
Current Liabilities—
Audited
Bills
Pay Rolls
Traffic
Companies
344,266
401,489
2.57,223
249,755
190,014
169,747
185,141
240,004
181,259
D. 61,613
2. 49,961
2. 11,512
101,128,826 100,531,731
1901.
$
27,989,310
10,000,000
Month
for
of
June
D
597,0'4
i* Premium on $2,000,0^0 C C. C. & 8t. L. General Mortgage 4
per cent Bonds sold to retire $ .',000,000 C. & 8. First Mortgage Bonds,
maturing April 1, 1901.
Inc. or Dec
$
428,997
792.O00
682,000
792,000
689,000
7,681,000
4.13K.O00
3,205,000
2,000,000
500,000
2,000,000
125,000
D. 7,000
7.6<»4,O0O
4,138,030
3,20 5.000
2,0u0,000
500.0J0
D. 2,000,000
"125,000
5,000,000
2,571.00 3
78,000
5,000,000
2,571,000
78,000
1,103,730
1,103,730
650,000
650,000
10,000,000
10,000,000
4,000,000
12,634,000
4,030,000
14,634.000
428,400
3,425
78,103
399,071
3,425
1,163,239
100,000
50,913
112,500
715,758
608,308
746,388
689,367
2 30,630
2. 31,059
303,931
395,527
2.
8,000
425,978
551,785
31,223
33,0 30
2.
432,743
"695.059
34,991
2.
1,122,643
1,407,708
2.
1,
2,000,000
D. 29,328
23.
23,78,100
1.112,325
2. 12,500
Balances Due to other
Companies
^
Bonds drawn for Redemption
and Unredeemed
Coupons Unpaid
4 Dividends Unpaid
Branch Lines, Operating Aoct ..
Balance to Credit of Income
Account
.
Station Agents
U. S. Governm't and P. O. Dept.
Total
B mds
peronnt
C
12,800
Anderson Yard Improvement...
Advances to L. & J. Bridge Co..
Materials and Supplies
Current Assets —
in Hands of Treasurer
in B ink to Pay Coupons...
Cash In Bank to Fay Dividends.
Cash in Bank to Redeem Bonds.
Bills Receivable
Accounts Receivable, due from
Companies and Individuals ..
Traffic Balances, due from other
27,989,310
10,000,000
'Capital St'k. C. S.& C. Pf & Scrip
429,997
Dlv.)
377,852
S
&
Sundry Investments—
Cash
Cash
1900.
Capital Stoe<—
-Capital Stook, Common
Capital Wtoofe, Preferred
O. L <fe C. RR. Flrat Mort. Bonds.
C. I.8t.L <fcO. Ry. lstM.6% Bds.
0. I. ot. L.
C. Ry. Gen. 1st M. 4
200,000
75,000
37,299
8,555
66,428
2,453,570
81nk. Kund St. L. A. & T H. 1st
Coll Trust Mort. Bonds
P. & E. Ry. Co Loan Account...
Sloane Property, Sandusky, O...
Fast Freight Lines, etc., Working Capital
30, 1901.
.
lO^^l
8,555
66.428
&
l'resident.
Fundd Debt-
56,785
7,075
2,4:53,570
&
INUALLS,
1901.
JU.VE
Inn. or Dec.
1901.
1900.
,
9,
LIABILITIES.
ASSETS.
,
was
The trains of the Company have been operated with con
tinued safety and success, and the attention and co operai"n of he employi s is hereby fully recognized.
My order of the Board of Directors
A.-COMPARATIVE GENERAL BALANCE SHEET JUNE
Securities Oivne t Ry. First Cons.
P.
the coming year
for
good.
101,128,926 100,531,731
Total
91,536
25,000
6.765
143,274
2. 3,771
2.
285,065
D. 597,094
- For details see next page.
3 Assumed in purchase.
* * Includes $559,786 20 Common Stook Dividend payable September 3,
laOl.
B.-SEE NEXT PAGE.
C— INCOME ACCOUNT FOR THE
YEAR ENDING JUNE
30, 1901.
From Earnings $11,^40,002 55
4,979,651 84
Freight
Passenger
Mail
Express
Rents
Earnings—
$17,877,4P9 28
12,755,637 84
Ntt Earnings.
STATEMENT OF EARNINGS. OPERATING
EXPENSES AND DEDUCTIONS FROM INCOME FOR
THE YEARS ENDING JUNE 30, 19u0 AND 1901.
1900.
$10,867,502 09
4,653,^23 78
628,893 98
Freieht
635,40225
363,776 09
256,656 55
Total Earnings
Less Operating Expenses, inol. Taxes.
JD.— COMPARATIVE
Passenger
Mail
Express
Lenta
$16,806,850 87
$17,877,499 28
$319,323 13
522,912 53
5,530,778 06
2,561.768 09
1,885,560 06
$333,043 47
556,0 Jl 61
5,964,305 59
2,f>89,564 31
2,263,379 24
$10,820,341 87
$11,706,324 25
64-38%
65-48%
$5,121,851 44
Deduct Fixed ChargesInterest on Bonds
Operating Expenses—
General Expenses
$2,685,056 00
231,906 79
Rentals
Total Fixed Charges.
Expenses
Conducting Transportation
Maintenance of Equipment
Maintenance of Way
Traffic
2,916,962 79
Balance
$2,204,888 65
Total
Deduct Divs. on Pref. Slock, to wit :
No. 43, Oct. 20, lt»00, Ik per cent
No. 44, Jan. 19, 1901, 1H per cent
No. 45, April 20, 19 Jl, 1H per cant...
No. 46, July 20, 1901, H* per oent....
$125,030 00
125,000 00
125,000 00
125,000 00
Operating Cost
Oar Service, Passenger
$500,000 00
Total, 5 percent
Freight
Dividends on Common Stock, to wit :
No. 11, Mar. 1. 1901, 1V?(>. 419,839 65
No. 12, Sept, 3, 1901, 2% 559,786 20
Total Oar Service
Insurance
Taxes
.
Total, 3*3 per oent.
979,625 85
Total dividends
Total
$66,760 72
254,575 83
$83,627 68
326,638 69
$321,336 55
24,895 26
582,693 11
$410,326 37
26,042 64
612,944 58
$928,92192
$1,049,313 59
$11,749,263 79
$12,755,637 84
69-91%
71-35%
1,479,625 85
Total Operating Expenses
Balanoe
$725,262 80
Add
credit balanoe, interest, discount
and exchange for year
127,654 12
Operating Cost
$852,916 92
Total.
Deduot expenditures for —
Double track. Cleveland Division
Anderson yard improvement
300newooal
325,059 06
4,979,65184
63 -.,402 25
363,776 09
258,656 55
332,17196
Total Earnings
1901.
$11,640,002 55
oars
Net Earnings
$272,959 45
103,644 71
191,247 80
Balance for the year, to be oarried forward
Balance to oredit of lnoome June 30, 1900
Balance to credit of income June 30, 1901
$5,057,587 08
$5,121,85144
$2,661.44100
205.097 43
$2,685,056 00
231,906 79
Total Deductions from lnoome.. $2,866,538 43
$2,916,962 79
Deductions f
667,851 96
$235,064 96
1,122,643 20
$1,407.708~16
i
om Income—
Interest on Bonds
Rentals
Balance to Credit of lac ome
$2,191,04865
$2,204,888 65
September
7,
THK CHRONICLE.
1901.]
199
B.-OAPITAL STOCK AUTHORIZED AND I88UED.
Capita! Stock Issued—
On acocunt of consolidation
On acoount of sale to stookhol.iers
The amount of Capital Stock authorised by Stockholder! is—
St. L ami CI.
For consolidation of O.CC & 1 L
oh
St. L. & O. Railways, under agreement dated
$20, 800,000
27. 18*9
Authorized under Resolution of S ookholderB July 7,
stock
oouiroon
of
4,500,000
1890, f< r sale to holders
Authorized under Resolution of Stockholders Ootober
3,700,000
29, 1890, for exchange of C. S. & C. RR. Co. stook
Mm
,
On aooouut
— 1900.
Tear end. June
—
1901.
30.
,
54.836 32
19,333 16
OHice, Treasurer.
S.OOS 39
8,79161
Auditor
Purchasing Agent
N. Y. Office, Vice President.
General OHice Expenses
Corporate Expenses
9b.9r-3 47
99,251 07
10,044 75
2,000 03
New York
9,809
2,000
18,549
6.803
20.236
62,863
4,097
.\380
27,997
Stationery, Print, and Post..
Legal Expenses
Rents
Tax Agent
War Revenue Tax
Special
Total
Expenses—
Freight Trallio Manager
Outside Agencies— Freight..
,
11
03
9,2 SO
11,300
20,006
64.798
3,861
51
36
05
91
36
23
55
24
08
789 22
Ki,!i66
I
<)O0
/.
33
11
29
16
75
6,284(2
23.25167
319,323 13
333,043 47
99,725 00
74.277 76
104,712 46
10,868 75
15,989 95
37,223 66
84,307 89
6,133 20
25,688 73
63,925 13
104,619 85
78,865 98
235 64
22<»
I).
76
1,"34 25
D
235 01
B04 39
D. 4,745 88
13,720 34
Traffic
Fast Freight Lines
Traflio
Associates— Freight.
Stationery
&
&
Print.— Freight
lioket Agent.
Otn. Pass.
Outside Agencies— Pass
Traflio Associations— Pass..
Stationery and Print.
Advertising
-
Pass.
116,91646
10,398 13
14,058 83
38,891 84
86,681 50
4.572 82
25,625 84
75,380 39
522,912 53
556,03164
Conducting Transportation—
163,00173 168,013 37
Saperintei denoe
Enginemen * Firemen -Fr't 399,377 42 415,998 05
Enginemen & Firemen-Pass 248,215 45 269,752 75
Enginem'n & Firem'n- Sw'g. 228.230 56 235,978 52
468,870 06
487,939 33
Trainmen— Freh ht
216,12120 232,334 41
Trainmen- Passenger
929,556 71 1,209,62962
Fuel for Looomotives
68,315 91
Water Supply for Looomot's.
63,029 51
Oil, Waste & Tallow-Loco..
82,199 78
34,539 80
18,220 87
17,529,94
0:1, Waste & Tallow— Cars..
26.612 72
Locomotive Supplies
28,670 55
Train Supplies-Passenger..
57,912 74
64,670 92
Train Supplies— Freight
49,173 15
52,082 78
Cleaning Passenger Cars....
65,287 26
69,898 66
Roundhousemen
131,313 04
150,145 49
Switohmen
438,702 40
4.47,209 33
68.245 20
W'chm'n & F'gm'n at Cross.
67,603 09
162,697 53
Telegraph Expenses
175,600 66
Stat. Serv.- Agents & Clerks 572,187 14
598,260 95
832,163 76
Station Servloe- Labor
336,952 28
59,628 21
Station Supplies
62,643 77
Union Passenger Stations... 239,445 65 245,824 29
Switching
135,377 55
166,118 06
Car Service, Weighing and
25,296 57
Freight Inspect. Bureaus.
27,271 47
DinlDg Car Service
9,708 69
16,063 30
Stationery and Printing
37,372 48
40,517 23
1(',»73 09
Wrecking
16,443 52
Damage
91
Loss and
141,596
82,392 88
Injuries to Persons
134,052 18
121,21168
Stook Claims
13,899 98
17,28121
FireClaims
10,81661
27,767 07
7.3C0 20
Y. M. C. Associations, etc..
6,870 44
24,520 4 6
Elevatois, Warehouses, etc
12,891 1
Total
.*
5,530,778 06 5,864,305 59
Total
Maintenance of Equip.—
Superintendence
57,683 53
Locomotive Repairs— F'ght. 658,263 33
Locomotive Repairs— Pass. 190,439 48
Looo. Repairs— Switching... 148,278 87
60,844 71
440,816 7
308,122 14
223,660 87
t>
I.
4,924 85
7.
4,57 8 22
12,204 00
D. 470 62
D. 1,931 12
/. l,6t 8 18
7. 2,313 61
D. 1,560 38
D. 62 89
7. 11,455 26
/.
5.011 61
63
30
H6
7. 19,069 27
I. 16,213 21
7. 280,072 91
7. 5,316 40
/. 2,340 02
/. 690 93
7. 2,< 57 83
6,768
2,909
7. 4,611
7. 18,832
I. 8,505
7>.
79,264
44,273
7>. 197
27,796
/.
7.
7.
4,002
29.1*7
7. J 20.916
7. 5,366
U. 3,788
D. 33,458
7. 21.239
/. 9,188
/.
7.
74
01
75
22
17
70
63
05
85
82
37
51
5.818 41
91,560 22
7.
7.
D. 309 50
5,772 99
7.
66,784 27
/.
D. 2.116 12
D. 41 79
4,437 46
7.55,520 48
7. 37-.819 18
7. 885,982 38
7.
1901
.
.
June 30, 1900. JuneZO, 1901. Inc. or Dec.
Freight Statistics—
$10,867,502 $11,640,003 7. $772,500
Freight earnings
11098,315
7.92,011
11,006,304
Tons of freight carried
Tons of fr'ght oar'd 1 mile.. .1,863, 586,483 1.909,036,365 7. 45,499,877
miles, 172*0 miles, 7. 2-7
miles, 169 3
Average haul of one ton
7. $062
$1049
$987
Average receipts per ton...
cents, -610 cents, 7. -027
oents, "583
Average reo. per ton mile...
7.2,923
64,934
62,011
Number of freight trains....
/. $1 01
$179 26
$175 25
Freight earnings per train..
2.170,863
5,741,384
5,570,516
Freight train mileage
7. #08
$195
$2 03
Freight earns, per train mile
133,337,559 7.3,281,384
Freight car mileage-loaded 130,556,175
35,070,524 7.1,872.183
33,198,341
Freight car mileage—empty
I. 05%
208%
£03%
P.C. empty carmile'geto total
23-3
D. 01
234
Av. No. oars per train-loaded
6-1
7. 02
5-9
Av. No. oars per train-empty
7.
$14 97
$ 89
EarniDgs per loaded car....
$14 08
D. 01
1426
1427
Av. No tons, each loaded oar
D. 2
333
335
Av. No. tons in each trcin...
7. $408 50
$5,746 90
$6,155 40
Freight ear. per mile of road
Passenger Statistics—
-
18
63
40
45
93
637 il
12,903 13
7. 26,093 81
7. 4,788 52
7. 3,0 5 56
7. 0,373 61
7. 30,740 51
-
1 ,974 90
6,354 61
3,144 75
D. 5,970 43
V. 59,204 03
D. 12,840 50
7. 3,381 23
D. 16,950 46
7. 429 76
7. 11,628 95
7.
7.
7.
433,527 53
3,161 18
D. 217,446 36
7.
7. 117,6-<2
7. 75,382
D. 246,742 53
/. 155, 511 47
7. 16,830 80
Year Ending
,
7.
7.
,
Inc. or Dee.
G.-FREIGHT AND PASSENGER STATISTICS.
7. 16.620
7. 21,537
7. 7,747
7.
7.
— -1901
,
M
7.33,119 11
I.
—
.
/.
I.
710,690
t^,7oo.ooo
88,826 03
9,56129
129,834 19
85,561 18
3.0-2 H8
3.230 03
Stationery and Printing-....
2,561,768 09 2,589,5b4 31
Total
Maintenance of Way—
73,226 79
69,224 62
Superintendence
144,362 50
114,534 80
Rail Renewals
225,663 73
346.610
Tie Renewals
715,745 88
Track & Roai way-Labor... 710,379 83
49,789 71
53,578 56
Truck & Roadway— Material
59.C6157
92,520 39
Ballast
47,647 28
26,407 91
Frogs and Switches
87,207 11
46,395 62
Ry. Cr sslngs & Interlocking
Fences, Road Crossings and
51,155 81
57,044 22
Cattle Guards
310,560 06
212,000 44
Bridges and Trestles
20,010 13
19,700 63
Track & 8rldge Watohmen..
14,666 11
8,893 12
Telegraph Repairs
Buildings. Station Grounds
166,79107 223.578 34
and Platforms
18,93601
21,052 13
Docks and Wharves
1,014 82
Printing
1,05661
Stationery and
16,363 32
20.800 78
Land Improvements
114,2^7 96
58,717 48
Yards and Sidings
.1.895,560 06 2.263,379
Total
lo,8*0.341 87 11,70c, 324 25
Gkand Total
D. 9,269 18
/. 4,4«6 75
I.
$8,290
702, < 00
Engine llouee, Machine and
Car Shop Repairs
Machinery & Tools In Shops
7.2,
/.
3,797,600
3 891,710
RR. Co. stook
Year end. June 30.
1900.
19ol.
DlSTHl MOTION.
XIaint. of Equip. (Concl.J—
$
*
833,885 10
1,130,627 72
Car Repairs-Freight
256,430 83
411,019 30
Car Repairs— Passer ger
22,69123
39,522 03
Oai Repairs -Working
Inc. or the.
1.
C.
Total
9
$
37,870 08
18,727 08
&
927,989,810
,
lpoi
,
for C. 8.
Unissued
F.—DETAILED STATEMENT OF OPERATING EXPENSES.
Distribution.
General Expenses —
President and Seoretary....
Local Treasurer
exchange
Total Issued
Hal lure unitiued. as follows—
rjaUaedl 9.&O.BB
¥28,700,000
Total authoilzed
of
66
00
PassengerearniDgs
No. of passengers carried...
No. of pass, carried 1 mile..
Average passengers carried
per train mile
Aver'ge haul for eaoh pass..
Average receipts per pass..
Ave. receipts per pass. mile,
No. of passenger trains
Passenger earn'gs per train.
Passenger train mileage....
Earns, per train mile— Pom.
Earns, per train mtie-Mail
Earns, per ti'n m.— Express
Earns, per train mile- Total
Passenger oar mileage
Pass. earn, per mile of road
$4,653,224
5,792,421
240,099,226
$4,979,652
5,542,088
259,219,134
50
50
miles, 41-5
miles, 46*8
$-803
cents, 19.-8
65,555
7.
/.
$32^,428
D. 250,333
19,159,908
miles,
$899
2.
7.
5 3
$ 096
cents, 1-921 cents, D. 017
D. 2,067
63,488
$78 43
5,207,002
$-9563
7. $7 45
7.369,069
D. $ 0080
$11605
$1220
$1699
$11482
17,105,347
$2,460 69
18,921,327
$2,633 32
$70 98
4,837,933
$9818
$-1300
$-0687
D $o055
7.
I.
$0012
D. $0123
1,815,980
7.
$172 63
H.— STATEMENT OF FUNDED DEBT, INTEREST CHARGES AND RENTALS.
Name of Road.
Class of Bonds.
Date Issued.
RR
First Mortgage
C. L. & 0.
C. I. St. L. & C. Ry. First Consolidated Mortgage...
C. I. St. L. & C. Ry. General First Mortgage
First Consolidated Mortgage. .
C. C. C. &I. Ry
General Consolidated Mortgage
C. C. C. <fel. Ry
I.
&8t. L.
RR
First
Mortgage
& St. L. Ry
&S.Ry
C. C. O. & St. L.
First Mortgage
Second Morte-aee.
Ry. (C. V. & C. Ry. First Mortgage)
Cln. 8a. &C1. RR... First Consolidated Mortgage...
Col. Sp. &Cin. RR
C. C. C. & St. L. Ry.
C. 0. C. &8t. L. Ry.
C. C. C. &8t. L. Ry.
C. C. C. & St. L. Ry.
C. C. C. & St. L. Ry.
June
Jan.
July
I.
C.
July
Mar.
Aug.
.
Nov.
Jan.
Jan.
Jan.
,
1
871 Sept.
18f 0. May
1836. Aug.
1,1874. June
1,1884. Jan.
8,
2,
1,
1669. July
1882. Nov.
1,1872. Jan.
1, 1890. .Ian.
1,
l,i8!-8.
Sept. 1,1871.
and Col. Div. 4% Mtg.) Oct. 30, 1890.
(White Water Val. Div. Mtg.)... Nov. 1, 1890.
(8t. L. Div. 1st Col. Trust Mtg.) Nov.
1,1890.
iFlm Mortgage
!
1
(Spring,
(C. W. & M. Div. 4% Mortgage) May
General Mortgage Bonds
Juiio
Dale of
Maturity.
Jan.
Sept.
Sept.
July
Nov.
9,1891. July
1,1893. Juno
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1
Run.
1936
1914.
1934.
1919
1912.
1902.
1939.
19i8.
1901.
1940.
1910.
1990.
1991.
1993.
Amount
Outstanding.
Mar.
1901
1920.
Interest,
When Due.
Tears
\to
19
35
13
33
18
11
May
Feb.
June
i
39
39
89
90
92
.
1,
1,
1,
1,
Jan.
(!J & J
Nov.
4
I
2,000,000
7
140,000
6
7
4
5
7
4
30,000
1
500.0C0
125.000
5.000,100
2,571,000
78,000
1,103.730
6f 0,000
10,000,000
4
1
1
00
4
14,634,000
4
1
1,
1.
May
)
1
.Tnlv 1
1, July 1
Jan.
Jan. 1, July
Mar.
Mar.
1
Sept.
Sept.
1
July
Mav 1, Nov.
July
Jan. 1,
Dec. 1, Juno
1
Jan.
$792,000
682,000
1,'A">
M &S1,"B"£
NOV.
per cl.
7
6
1,
1,
1,
1
4.000,(
4
I.
B.
I.
& W. Ry
&W. Ry
&E. Ry
Apr. 15, 1879. Apr.
2,1888. Apr.
Apr.
First Consolidated Mortgage... Feb. 22, 18i-0. Apr.
1,
1,
1,
1940.
1938.
1940.
39
37
39
Oct
July
Apr.
1,
1,
1,
t
Interest to date of maturity of bonds.
Includes $31,500 Interest on bonds to be Issued in exohange for bonds maturing September
Oct.
i
$981,500
500,000
8,£ 00,000
4
5
4
1,
1901 and January
l,
$39,260
25.1C0
340.0CO
$404,260
$9,991,500
Total
*
Apr. 1
quar'ly
•4,375
200,000
123,550
•910
44,140
26,000
400.000
ltO.COO
t61«\860
200,000
-:.700,315
$57,162,730
O.
P.
Annual Int.
and Rentals.
7,684,000
4*138,000
3,205,003
1
quar'ly
Dec. 1
July
I ill
•$9,240
40.9.0
307.360
289,660
192,300
Sent,. 1
(M&N 1,-C"
.Tnn
38
27
1
Rate
Of
1902.
THE CHRONICLE.
,00
OK CROSS AND NET EARNINGS, FIXED CHARGES AND CAPITAL STOCK FOR TWELVE YEARS
I.—STATEMENT
earning!
118,818,116
8, H70.674
2,670,174
87,277.400 88,000,000
J 18,904,888
4,105,47ft<
8,941
8,784,841
Capital lt0< K
2,611
80,5(1(1.000
.',7
1804.
IBM.
1802.
lh'.n.
1890.
Fixed charges
[Vol. LXXIII.
8,704,269
B,062,9A1
88,000,000
M
1896.
1890.
J.— CONDENSED FREIGHT AND PASSENGER STATISTICS
Freight Earnings
..
Toiih of Freight Carried
Number
of Freight Trains
1901.
*
17.877.480
6.1
2,91fl.«0<
BY YEARS.
,
1898.
1900.
1899,
1901.
1
Freight Oar Mi 'ease— Loaded.....
Per oent Empty Car Mile to total
Average No. Cars per Train— Loaded..
Average No. Cars i;er Train— Empty...
in each
1905.
18B9.
.$8,783,029 87 $8,576.<!99 86 $8,254,872 80 $9,237,507 38 $9,226,83* 9u $10,867,502 09 $11,640,002 55
8,223,347
8,598,881
9. 6 0,1.'9
10,043, 12*i
11.00 J, 304
11,0!)8,315
8,625,073
1,349,581.862 1,358,155,342 1,343,484,916 1,696,221. Ut 1,704,824,779 1,8 .3,086,488 l,90e,08'!.3b5
163-4
1.57-9
176-1
160-8
169-3
1.56-5
172
$-997
$1004
$-95fc
$-919
$-J87
$1019
$1018
-614 Cents,
•545 Cents,
.631 Cents,
-541 Cents,
-583 Cents,
-610
'681 Cents,
Cents,
58,967
59,288
65,051
60.743
62,0
64,934
63.3o7
Freight Train Mileage
Average No. Tons
1897.
1896.
1895.
IB8&
1807.
(1,049 *l3,6»6,0e8«13.7Oi,636 113,117,111 114,880,094 114.719,863 116,800361
8,283,646
3,370,000
8.410.8(1
.'..067.687
8.268.447
1.073.808
8.861.788
8,769,172
8,844,706
2. his
2,873,; 10
e
2,905,024
10,000 38,000,'.>00 88,000,000 3s.ooo.noo 88,000,000 :;-
$1M
$138 62
$144 66
$139 99
$142 00
6,057,796
81 45
116,753,184
38,161,563
21-6
5,555.359
$1 54
115,835.213
36,980,135
24-<
5,442,063
$1 52
11 2,580, *66
35,661 6 4
24-0
6,092.784
$; 52
132.357.378
36,237,981
21-5
19-3
20-7
6-5
21-7
63
20-8
6 6
$11 77
$11 68
$1198
59
229
55
$12 28
11-56
11-72
11-93
223
$1,747 20
214
$4,666 04
247
$4,490 96
Loaded Car.
Freight Earnings per Mile ol Koad
$175 25
89
5,587.945
$1 65
127,927,466
80,754,231
$179 26
5,741.381
$2 03
133,837,559
35,070.524
20-8
5,870,516
$1 95
130,556,17ft
33,198 341
203
19-4
23-4
6 9
233
$12 24
$14 0-
$14 97
12-81
1332
305
1427
335
11-26
278
$5,025 54
$5,019 58
$5,746 90
$6,155 40
6
1
333
$3,785,410 30 $1,035,326 06 $3,655,193 28 $3,850,125 95 $4,245,036 16 $4,653,223 78 $1,979,651 84
4,937,250
5. 093,978
5,360,457
5,578,041
5,792,421
8,243,814
5,542,088
186,657,170 200,9:18,657
230,596,748
No. of Passengers Carried one mile
240,099,226
259,259,134
184,186,073 204,940,898
4o
38
42
42
50
Average Passengers per Traln-mlle.
38
50
36'
37-8
39-5
41-5
430
351
46 8
$•742
$-723
$-803
$-722
$-899
$756
$792
1-938 Cents,
1-921
Average Receipts per Passenger mile. Cents, 2-055 Cents, l-36y Gents, 1-964 Cents, 1-915 Cents, 1841 Cents,
74
70.8
65,881
67.139
Number of Passenger Trains
67.201
65,029
65,555
63,488
71
$51
25
34
$57
Passenger Earnings per Train
$61
$35 28
$56 33
$70 98
$78 43
4,922.582
4,808.764
4,822,276
4,731,996
4,843,675
4,837,93 i
5,207,002
$-7445
$-836«
$8006
$-7815
$•9563
Earnings per Traln-mlle— Passenger ..
$8971
$9618
•117»
•1245
•1016
•1269
•0951
1300
1220
•0691
•0743
0675
•0702
•0732
•0687
Earnings per Train mile— Express
0699
$•9942
$1-0126
$9299
$1-0942
$1-160^
$'9498
Earnings per Train- mile— Total
$11482
16,378,78fc
16,651,649
16,635,859
16,188,852
16,739,955
17,105,347
18,021,327
Passenger Earnings per Mile of Road.
$1,994 00
$2,094 61
$2,195 3b
$2,309 45
$2,045 79
$2,460 69
$2,633 32
Number
of Fas.- engers Carried
.
K. -STATEMENT OF MILEAGE
M.-THE PEORIA & EASTERN RAILWAY COMPANY.
Or Main Track, Double Track and Sidings of the Various Lines
Controlled and Operated by the Big Four System.
Main
Double
General Balance Sheet.
Division—
Cleveland
Track.
Track.
Sidings,
Miles.
Miles.
Miles.
Total
Miles.
3811
1332
13032
30618
4 70
85 03
97-91
272-88
305-83
2-84
12416
39331
32217
137-75
174-53
203*22
266-34
Cincinnati
Indianapolis
St. Louis
Cairo
27030
51-87
320-47
70-03
Chioago
Whitewater
Sandusky
Michigan
20-54
14641
Total
7-86
42-58
540-70
77-92
188-99
199-ti9
801-94
•79
77-77
38050
1,891-02
8030
817-19
2,788-51
In addition to the above the
tion of the following
Company
controls the opera-
Railway & Eastern
Kankakee & Seneca
Mt. Gilead Short Line
Main
Double
Track,
Miles.
Miles.
352-00
Peoria
The Company
is
Miles.
Total
Miles.
468'83
4208
2 00
-47
2-47
also one-fourth
80-30
owner
123-77
519 85
94046
8,308-36
&
of the Peoria
Railroad Association of St. Louis, two fifths owner of the
Indianapolis Union Railway and partial owner of the Dayton & Union Railroad.
^.-EQUIPMENT STATEMENT.
$24,429,320 34
C.O.O.&Sl.L.
118
239
90
Freight
Switohing
Total
rassenger Oars—
Coaches
Baggage Care
Postal Cars
Parlor,
Pay and
Dining and Cafe
Total
Freight
Officer's
—
E.
Total.
16
38
8
134
277
98
447
62
509
247
76
29
26
25
13
3
272
89
32
7
33
14
48
440
P.
<t
14
392
Stock
Coal and Flat
N.-THE PEORIA & EASTERN RAILWAY
Caboose
Special
Refrigerator
1,480
14,054
613
....
613
4,579
188
39
197
4,767
194
525
351
....
333
722
351
1,904
20,740
CO.
$1,691,343 52 $1,763,419 75
551,381 00
609,550 81
69,68069
b9,751 29
40,740 00
40,740 00
Freight
Passenger
Mall
Express
Rents
Expenses
Conducting Transportation
Maintenance of Equipment
Maintenance of Way
Total
3,27117
4,84171
$2,356,416 38
$2,488,303 56
68
86
$17,926 01
20,989 44
50
50
18
734,05196
$1,501,774 67
$1,572,292 69
$6.006
21,010
704,339
390,618
379,799
63-73%
Operating Cost
Car Service— Passenger
Car Service-Freight.
Or.
$899 10
8,520 16
419,475 36
379,849 92
~
63-19%
Or.
$363 85
9,596 78
Total Car Service
Insurance
$7,82106
2,02110
Taxes
79,143 08
$8,932 93
2,743 90
82,384 45
$88,985 24
$94,061 28
$1,590,759 91
$1,666,353 97
67-.->0%
66-97%
$765,656 47
$821,949 59
Total
Total Operating Expenses
Operating Cost
12,574
$24,429,320 34
Comparative Statement of Earnings, Operating Expenses and
Deductions from Income for the Years Ending
June 30, 1900 and 1901.
Earnings—
1900.
1901.
Trafflo
Cars—
Box
w
of Road.
376,419 40
Total
Operating Expenses—
General Expenses
Statement of Equipment Owned and Controlled by this
Company.
Locomotives—
Passenger
67,700 94
Assets in Sinking Fund (I. B. & W.
67,700 94 Bonds)
250,000 00 P. & P. U.Ry. Co. Stock (2,500 shares)
108,000 00 P. & E. Ino >me Bonds
Nominal.
P.&E RpCo Stoo* (1,038 shares)....
C. C. C. & St. L. Ry. Oo. Operating Ao3,619 40 count
Total earnings
Name
985,200 00
500,000 00
8,500,000 00
4,000,000 00
W
IngFund
4855
Pekin Union Railway, one seventh owner in the Terminal
Class.
$10,000,000 00
&
$1,000,C03 00
Mortgage Bonds
Less Bonds In Treasury,
canceled
14.800 00
O. I. & W. 1st Pref. Mortg. Bonds
P. & K. 1st Consol. Mortg. Bonds
P. & E. Income Bonds
Deferred Income from I. B. &
Sink-
Inoome Aooount
Sidings,
116-83
6 47
Total
396-08
Total mileage, Big Four 8ystem..2,287-10
Liabilities.
.
:
Track,
Assets.
Jwne30, 1901.
>24,OuO,000 00 Construction Aooount
Capital Stock
I. B.
W. 1st Preferred
Net Earnings
Deductions from Income—
Interest on
Bonds
Total Deductions from Income
$420,000 00
$401,075 00
$420,000 00
$101,075 00
$345,656 47
$417,874 59
«JWi
Total
18,836
Balance
to
Credit of
Income
September
7,
THE CHRONICLE.
1901.
NEW YORK ONTARIO
501
WESTERN RAILWAY COMPANY.
&.
TWENTY-SECOND ANNUAL REPORT— FOB THE FISCAL YEAR ENDING JUNE
Ofh
01
i
PBEBIDBKT,
nil-:
September
1st,
\
RECEIPTS.
i
1901.
l!i00.
Freight
Mail and Kxpress
Miscellaneous
$787,K!M
3,970.114
1)7,622
87,817
01
$955,201
4,269,806
121.685
7^,690
"
91
32
41
$5,322,883 65
Total Receipts
63
04
97
20
$4,963,482 84
OPEBATING EXPKNSE8.
Maintenance of Way and Structures.
Maiutenanoe of Equipment
Conducting Transportation
General Expenses
. .
1901.
$759.^ 14 90
1900.
$637,747 25
682,761 42
1,828,741 86
135,378 17
686,724 31
2,046,278 31
145,423 19
$3,638.340 71
Total
$3,279,t 28
70
138,79841
135,288 74
Total Op erat'g Expens. and;Taxes..$3,777,137 12
$3,414,917 44
$1,54^,746 53
666,514 75
$1,548,565 40
$879,231 78
$859,024 32
Taxes
Net'Earnings
Interest, Rentals
and Charges
8urplus
689,54108
Local passenger earnings were $723,028 13, compared with
$675,073 80 in 1*00 through passenger and immigrant earnings, $131,572 88, compared with $112,844 83.
Mail and ex;
press
compared
$121,685 32,
receipts,
with
$117.022 97.
Freight traffic earnings, classified and compared with the
four years preceding, were
:
Through
1901.
1900.
•
452.209 15
41
•
440,214 49
816,038 43
491.397 38
2,223,:! 63 74
87,847 20
1809,
*
384,262 54
669,881 69
484,4>1 02
1,9<:3 502 70
63.680 70
•
352.697 04
637,458 53
433.8V.2 60
1,60«,242 17
59,1)02 18
4,345.997 82
4,057,96124
3,526 818 71
3,150,182 52
Fr'gtat.
.Milk
7^3,>3d28
476,24335
Coal
2,548,918 13
Local freight...
Miscellaneous...
Total
76,6i>0
1898.
1897.
*
322,032 14
587,128 19
4 4:1,408 4*
1,722,*36 43
58,579 86
3,134.08510
Following is a comparative statement of the Company's
operations since 1890:
Earnings
or ndini]
Jurvebi 1h.
12.200,446 01
2.809,70216
8,265.417 89
3.61-8,173 92
3,842.119 63
8.8«P,113 18
8,779,335 51
8.891,402 99
8,914,635 27
4,84«\1H3 85
4,963,482 84
6,322,883 65
l'c
1890
1891
1p92
1893
It- 04
1895
1896
lSt^
1898
1899
1900
1901
(
Operating £j/pemtet
in.
and
Net Revenw.
I-, >-.
fl,76f,«'42
43
*,155,372 16
2.461.136 30
2,798,225^2
2,732 51016
2.642.412 44
S, 698,658 06
2.71-0.496,28
2,801,642 70
2,970,110 37
3,414,917 44
8.777.137 12
1432.403 5*
654.1-30 00
04,2b 1 tO
889,94 h 90
1.109,679 47
1,026,700 74
1.080.777 45
1,113,906 76
1,112,992 67
l,37t\052 9i
1,54«,565 40
1,545,746 53
'
Clulnji
Surplus.
8.
«V85.9-U 67
553,890 68
697,262 22
63:i,0l'5 79
O90,01ii 89
: 00,317 03
705.208 02
713.995 7
710,5 <2 36
689,688 75
'.
689,641(8
606,514 75
$.4' .441 91
100,439
207,019
25H.H52
419.566
3*6.3-2
375.569
399,910
4U2.46J
623,717
859,024
879,231
32
28
61
58
81
43
9.4
21
99
32
78
The Scranton Division was opened July 1st, 1890. Since
that period the anthracite tonnage and revenue, including
coal received at Sidney from the Delaware & Hudson Com
parjy, has
been in each of the years named
:
Net Tons.
811,485
1,120,416
1.352,225
1,642,063
1,715,991
1,673,861
1,653,596
7. 1,605,508
1.991,987
2.157,553
2,361,026
1891
1892
1893
U94
1896
1896
1897
1898
1899
1900
1901
Revenue.
$782,218 29
1,12 ,456 77
1.436,639? 3
1,753,874 34
1,581,227 29
1,588,124 36
1,722,936 43
1,666.242
1,923,502
2,223,4r3
2,546,918
17
76
74
13
In the annual report for the fiscal year 1
full details
were given of the contract made with the Scranton Coal
Company, which secured to your Company the transporta
tion of all coal from the mines of the Scranton Company,
then but recently purchased from the Lackawanna Iron
& Steel Company. Within the last year the Elk Hill
Coal & Iron Company, which had been a shipper of
anthracite since the opening of the Scranton Branch,
secured by purchase other coal properties, which had before
provided tonnage for the Railway Company, substantially
embracing all but a very small percentage of the coal which
is shipped over your lines, other than that furnished by the
Scranton Coal Company it also purchased some additional
collieries, and, to secure the tonnage of all these properties
for your line, the funds required for these purchases were
furnished by your Company, under a plan similar to that
adopted in the case of the Scranton Company.
This policy and method of securing the tonnage, upon
which the railway must depend almost entirely for its
anthracite coal traffic, was to a great extent forced upon
your Board by new conditions surrounding the anthracite
situation and the exigencies of the case still, it is quite
apparent that the transactions entered upon will, from a
financial standpoint, as well as from other considerations,
eventually prove advantageous to your Company and its
;
;
;
stockholders.
In this connection
The amount of the obligations Incurred In
bh, appi
with these transactions, outstanding at
in tin- balance sheet snbmitted with this report,
The development of your Company's b
ssary the purchase of additional equipment during tl
as follows: 7 Locomotives. 575 Standard Coal Ca
Pressed Steel Coal Cars, 25 Rolled Beam Coal
Vestibnled Passenger Coaches and 9 Drawing Boom Cai
A substantial cash payment
al a total cost of $075,000.
having been made on account, notes for tin- balanoe ol
purobase price were issued to the extent of 1570,000, payable
$114,000 a year during live years, bearing interest at tl
of four and one half pt r cent annually.
The situation at the last report of the proposed Delaware
Valley & Kingston Railroad project, and its effect on your
Company's plan of building from Ellenville to Kingston,
was then discussed at length. During the year the situation
has materially changed, owing to the taking over of the
stock and properties of the Pennsylvania Coal Company by
the Erie Railroad Company.
Your Company had acquired the stock and rights of th<
Kingston & Rondout Valley Railroad Company, which
had been organized to build between the points named, but
an entirely new
it being deemed advisable to organize
corporation for the purpose, the El'enville & Kingston
Railroad Company was formed, and the necessary approval
and certificate of the Board of Railroad Commissioners
received. The line of the new Company is considered more
desirable than that originally laid out, utilizing about
thirteen miles of the abandoned Delaware & Hudson
Canal, which was formerly intended to be used by the
Delaware Valley & Kingston road.
The construction of the road is now under contract and
the work actively progressing, with the prospect that the
The
line will be in operation belore the first of January.
valley through which the line will be built should in due
time add considerably to the milk traffic and Summer resort
business of the Company and at the same time provide the
village and farming community, which has been dependent
for many years upon the canal outlet, with a connection by
railroad with Kingston and other points reached by the
lines of your Company and i s connections.
Western Railway Company
The New York Ontario
can procure no better rates for transporting coal than the
other anthracite carrying roads receive. In order, therefore, to transport its coal tonnage to tidewater and other
markets at a reasonable margin of profit, it has been, and
still is, essential that the train loads shall be increased and
the line further improved, and its equipment augmented.
With these objects in view, the track is being strengthened
and heavier rails purchased and laid. Many light bridges
are being replaced by heavier ones culverts and cattle
passes have been, or are being, rebuilt or disposed of.
Heavier engines have displaced lighter locomotives and
cars of greater capacity are being provided. The Company's
surplus earnings have been expended upon these and other
additions and improvements, and in loans to the Coal
Companies already referred to, and it will be necessary for
some time in the future to continue to some extent the
policy heretofore pursued; otherwise gross earnings could
not have been so largely increased, nor would occasion have
arisen at this time for discussing the disposition of net
earnings. The property has steadily advanced from a condition which, by many competent person?, was considered
almost hopeless a decade ago, to the present time, when the
amount of the annual net earnings fully equals the sum of
the gross revenue at that time. If it has taken more time
to produce results than in many other instances, it Is,
neverthelesp, unquestionably the fact that the task has, in
this case, been more difficult, as there was a very light substratum to build upon. Not only had the railway to be
reconstructed and its equipment renewed, but its traffic
had, to a great extent, to be created and new sources of
revenue found. Its disadvantage as to grades can probably
never be fully overcome, except in the direction of
strengthening the line for the heaviest motive power in use
and such freight equipment as will enable the Company to
increase its train-loads to something approaching the
standard of its more favorably located competitors.
While the position of the property has been and still is
being strengthened in this manner, the value of the shares
has been enhanced to an extent greater than would probably
have followed the declaration and payment of a small
fractional and intermittent dividend. It is hoped, however,
that the position of the Company is gradually a| preaching
the time when some annual return on its share capital can
be begun and continued.
The details of operation during the year are fully set
forth in the report of the General Manager, to which your
attention is called.
.1
:
From Passengers
1901.
•
\
1901.
To the Stockholders :
The receipts of the Company for the fiscal year ended
June 80th, 1901, compared with the preceding Bscal year,
as follows
BO,
it is proper to state that the Scranton
Coal Company has paid $175,000 upon its first mortgage
securing the notes issued on its account, and $305,000 upon
account of the second mortgage, together with interest.
I
&
;
By
order of the Board,
THOMAS
P.
FOWLER,
fretident
THE CHRONICLE.
502
LXXIH.
[Vol.
NORFOLK & WESTERN RAILWAY COMPANY.
FIFTH
ANNUAL REPORT-FOR THE FISCAL
New
To
the
York, August
&
Stockholders of the Norfolk
From which
1901:
MILES OF ROAD OPERATED.
Luiukrt's Point, Norfolk, to Bristol.
Branches
2901
LvNCHiiuRQ to Durham
Branches
3-48
Hagekbtown to Roanoki:
of line operated
Main Line.
41332 Miles11543
"
23311
"
12130
"
401*87
"
45*19
"
100*40
"
"
"
"
1,434*62
128*47
1,56309
3-51
..
3*87 Miles.
"
1*78
"
1*04
"
24*80
"
4*76
"
17*06
•'
5*21
"
"
'*
"
13 46
«'
"
12*80 miles of new branches have been added, and
85
miles of unused branches have been taken up during the
year. 26*20 miles of new sidings and extensions of old sidings were constructed, and 14*77 miles of sidings were taken
up or converted into second track, making net increase 11*43
miles. 12*68 miles of new second track were pat in operation
during the year.
The average mileage operated during the year was 1,560
miles,
EARNINGS AND EXPENSES.
1900.
1,552
Increase.
$2,046,454 75
Freight
13,214,163 85
Mall
199,825 03
Express
204,962 60
Miscellaneous.
120,035 60
$ 1,857,304 87
11,753,062 38
199,696 49
167.296 55
113,644 64
$189,149 88
1,461,101 47
$15,785,441 86
Expenses—
Maintenance of Way
and Structures
$1,975,393 43
$14,091,004 93
$1,694,436 93
"
"
Maintenance
portation
General
$2,046,454 7
13.214.163 85
Mail
199,825 06
Express
204,962 60
Miscellaneous...
120,035 60
*>
Freight
128 57
37,666 0-^
6,390 96
$1,558,803 43
$416,590 CO
2,324,226 28
2,034,383 10
289,843 18
4,417,358 71
4,210,174 45
207,184 26
728,480 67
637,734 70
30,745 97
$9,445,459 09
$8,501,095 68
$914,363 41
$6,339,982
$5,599,909 25
$750,073 52
Net Earnings from
Operation
7
The operating expenses, including
taxes, were 59 84 per
cent of the gross earnings, as against 60 33 per cent for the
preceding year. Exclusive of taxes, the operating expenses
were 57*25 per cent of the gross earnings, or 0*33 per cent
1 he gross earnings were
less than for the preceding year.
$10,119, and the net earnings $4,064 per mile of road oper-
ated.
INCOME ACCOUNT JUNE 30TH,
1901.
Revenue:
Gross Earnings
Operating Expenses, including Taxes
$15,735,441 86
9,445,459 c9
Net EarniDgs
Other Income, Interest and Dividends
$6,339,932 77
68,616 55
Total Income
Fixed Charges:
On Funded Debt...
On Car Trust Obligations
$6,408,599 32
$2,238,480 00
11,237 50
Total Interest Charges
Net Income
deduct Advances to Subsidiary Companies
Net Income for the Year
$578,922 22
3,907,264 65
464 50
56,966 77
5,700 57
%?5* J'^IbS
$11,236,123 15
$1,975,393 43
$1,542, 977 66
$432,415 77
2,324,226 28
1,727,698 99
596,327 29
4,417,358 71
3,974,471 77
442,888 94
728,480 67
640,750 46
87,730 21
\
of
Equipment
Trans-
Conducting
portation
General Expenses,
cluding Taxes
in-
$9,445,459 09
E
3
20
56
83
03
5
Way
Maintenance
0% rltton
$1,467,532
9,3' 6,899
199,360
147,«95
114,335
$15,785,441 86
K8
n
fr
°.
..
.
! }
1
$6,339,982 77
$7,836,098 88
$3,350,024 27
5 9 '3
2,249,717 50
f^1
\
f \% p e
{
gS^Sff
CAPITAL STOCK.
Common
Stock
Adjustment Preferred Stock
consists of:
660.000 shares, $66,000,000
230,000 shares, 23,000,000
$89,000,000
Total
Of the above, there were in the Treasury at the close of
the fiscal year $1,530,800 of Common Stock and $25 ,500 of
Adjustment Preferred Stock, 11 shares of the Treasury Adjustment Preferred Stock having been exchanged during
the year for securities of the old Company.
FINANCIAL.
Funded Debt.
Expenses.
Including Taxes...
Increase.
The total amount of stock authorized and issued
of
Equipment.,
Conducting
Trans-
1898.
1,^65
1901.
1,560
Expenses—
Maintenance of
and Structures
N
Comparative Statement of Earnings and Expenses,
1901 and 1900.
-
amounting to $454,970.
The following Comparative Statement of Earnings and
Expenses for the years 1901 and 1898 shows the growth of
the Company's traffic and net earnings in three years:
Earnings—
8295 Miles.
49807 "
From Passengers
—
From Passengers
Total Second Track
Miles
was appropriated for the restoration of property destroyed by the flood.
Note. Another Dividend. No. 9, has been declared on
the Adjustment Preferred Shares, payable August 23d,
Miles....,
Sidings
Earnings—
$2,633,471 12
The sum of Si, 500, 000 charged to surplus and credited to
Betterment Fund was appropriated for the betterment and
improvement of the Company's property; and the sum of
1097
1901.
1,560
^
$350,000
1,566*60
Tulip to Bluefleld Yard
Blnefleld to Bluestone Junotion
Coaldale to Vivian
$322,029 98
1,811.441 14
8urplus Juce30, 1901
"
Second Track—
Vinton to Shawsville Tunnel
Shawsville to Arthur
Montgomery to Radford
Surplus for Year
Add Surplus to June 30, 1900
"
12347
Lynchbure Island Yard
3,335,800 81
"
Branches.
Lambert's Point to Norfolk
Norfolk & Southern Junction
%4,rS7,Sjo 82
deduct:
Miles.
Branches
12*96
Roanoke to Winston Salem
-20
Branches
Radford to Columbus
Branches
45'01
North Carolina Junct. to Iron Ridge....
Branches
25*73
Graham to Norton
Branches to Coal Mines
1208
Total Miles owned
Columbus Connecting & Terminal Railroad
30, 1901.
Dividends on Adjustment Preferred Share?:
No. 7.— 2 per cent August 24, 1900... $454.962 00
No. 8.-2 per oent February 23, 1901
454,962 00
Dividend on Common Shares:
No. I.— 1 per cent June 20, 1901
644,«»2 00
Betterment Fund
1,500,000 00
Fund for Restoration of Property Destroyed by Flood
250,000 00
Discount on 1st Consolidated Mtge.
Bonds sold, branch lines and spurs,
hospital building at Roanoke, donation to Young Men's Christian Association, etc
31,184 81
Company:
The Board of Directors submit the following Report of the
operations of vour property for the year ending June 30,
At the close of the fiscal year, the length
was 1,566*6 miles, as follows:
JUNE
lirought forward
14, 1901.
Western Railway
YEA.R ENDING
The Mercantile Trust Company as Trustee of the First
Consolidated Mortgage delivered to the Company during
the year $1,500,000 of the First Consolidated Mortgage
B mds of the Company, pursuant to section five of article
one of said mortgage; and $500,000 of such First Consolidated
Mortgage Bonds as an advance as provided in said article
one.
$2,000,000 par value of the
Company's First Consolidated
Four Per Cent Bonds were sold during the year, and the
proceeds were applied to reimburse the Company for expenditures made on account of construction, equipment and
betterments.
One First Consolidated Mortgage Four Per Cent Bo id, par
value $1,000, was taken from the Treasury and used in acquiring a $1,000 Equipment Mortgage Bond of 1888.
The sale and exchange of bonds resulted in an increase of
the Funded Debt during the year of $2,001,000
The Treasurer's statement shows that the Funded Debt
outstanding June 30, 1901, aggregated $50,17*1,750, and that
the annual interest charges thereon are $3,^98,490. The
statement does not include $922,750 of First Consolidated
Mortgage Bonds in the Treasury.
During the year the Company, by action of the Board,
$4,158,381 82
1,051 Oj
waived
$4,157,830 82
October
its
of article
right to issue prior lien bonds under section one
of the First Consolidated Mortgage dated
two
22, 1896,
to
an amount not exceeding
$3,500,000,
September
7,
THE CHRONICLE.
1901.
503
such issue being no longer necessary or desirable. An
Instrument irrevocably terminating and relinquishing the
right and power reserved to the Company in and bj
one of article two of the First Consolidated tfortgagi has
u
been delivered to the Mercantile Trust Company, as
under said Mortgage.
The Inland Revenue Department of Great Britain h iving
abandoned its claim that English revenue stamps phould be
on the Company's First Consolidated M
&laced
Onds in (ireat Britain, the 'amount deposited b\ tin
ganization Executive Committee to provide for this claim
has been returned to the Company's Treasury. The amount
so returned, with interest and less costs, is 162,449 10.
trestles by permanent structures, in strengthening old light
Iron bridges and in the reduot'oo of gra
Car Trcst Obligations.
The following Car Trust Obligations and Bonds have
paid during the yi ar:
October
.
!
Oar Trust Certificates of 1892
Car Trust Binds of 1893
Equipment Mortgage Bond of 1888
!
mewbat retarded by unfavorable
amount charged does cot fully r< present
work done dui ing the year, as a portion of tl
placement has been charged to operating BXp
cause a number of the structuri
under w
acted for. but not completed and paid for, on Jui
I
t
¥52.000
66.000
Car Trust
Certificates of 1892,
1902
Car Trust Bonds of
•
prepared for renewal and contracted for amounted toab
percent of the wooden structures forau rly in th
line,
total amount expended on capital account
1, 1896, to June 30, 1901, is as follows:
Construction
If-
93, maturing quarterly to Jan.. 1903..
of 1888, due but not presented..
Equipment Mortgage Bonds
95,0'
v.000
$184,(00
Investments in Other Companies.
from
$'J,563,401 86
i, 723, 362 72
Equipment
Improvements and Betterments
Air Brakes and Automatlo Couplers
666,898 61
369,2/2 64
$6,322,885 73
Total
EXTENSIONS AND BRANCHES.
30, 1901.
$87,000
t
5;{
1,000
maturing quarterly toJOotober,
K)l«
•.(
the close of the year the total lineai !•
«r< oden
bridges either entirely replaced by permanent structures or
$109,000
Leaving outstanding June
<>f
|
i
\i
The
he. n
unt
Toe Cincinnati Portsmouth & Virginia Railroad.
This road wa°, as previously mentioned, acquired during
the year. The Cincinnati Portsmouth & Virginia Railroad
Company owns a line from Sciotoville, Ohio, where it connects with the Norfolk & Western Railway, to Idlewild,
Cincinnati, a distance of 108 miles. At Idlewild it conThe Company has acquired by purchase during lie year nects with the Cincinnati Lebanon & Northern Railroad,
the entire capital stock of The Cincinnati Portsmouth & and uses that line under a trackage arrangement for 30
Virginia Railroad Company, consisting of 5,940 shares, par miles into Cincitnati, ar.d its terminal facilities at Cincinvalue of $100 per share, of preferred stock, 15,660 shares of nati. Between Sciotoville and Portsmouth, 5'8 milen, the
common stock, par value $ 00 per share, except the sharrs line parallels the Norfolk & Western Railway, forming with
necessary to qualify the Directors of that Company. The it a double track. It also owns the Columbus & Majsville
Company also acquired $<~>.000 0u Hillsboro Division Pur Railroad, known as the Hillsboro Branch, from Sardinia to
Hillsboro, 18 6 miles. This branch is leased to and operated
chase Money Four Per Cent Gold Bonds.
The Cincitnati Portsmouth & Virginia Railroad Company by the Hillsboro Railroad Company for a term of ten years
called for redemption and paid June 1, 1901, its entire from March 1, 1900.
The Cincinnati Portsmouth & Virginia Railroad Company
bonded debt consisting of §400,000 First Mortgage Five Per
also owns the Cincinnati Connecting Belt Line from IdleCent Gold Bonds.
By means of this line it has
$200,000 First Mortgage Five Per Cent Bonds of The Cin- wild to Ivorydale, 4"57 miles.
cinnati Connecting Belt Railroad Company were also called access to important industrial establishments and makes
connection with the Baltimore & Ohio Southwestern Railfor redemption and paid July 1, 1901.
The Norfolk & Western Railway Company has loaned to road, the Cincinnati Hamilton & Dayton Railroad and the
The Cincinnati Portsmouth & Virginia Railroad Com- Cleveland Cincinnati Chicago & tet. Louis Railway.
pany the money necessary to pay these bonds.
New River Connecting Branch.
The Company has purchased duriDg the year •-224 adThis line was opened for traffic October 11. 1900. The
ditional shares, par value $22,400, of the stock of the Old
Company has accepted an Act of the General Assembly of
Dominion Steamship Company.
i
-
par
value,
of the Virginia-Carolina Railway
First Mortgage Five Per Cent Bonds were received during the year in payment for second hand rails,
bridges and rolling stock furnished to that Company under
the contract authorized by the Board for the purpose of
aiding it in constructing a railroad connecting with your
road at Abingdon Virginia, and running to Damascus, Virginia, a distance of about 17 miles. This road will prove a
good feeder to your Company's line.
$57,500,
Company's
Construction, Equipment and Betterments.
The
policy of improving the property
Virginia,
approved
Febru»ry
15,
1901,
authorizing
the
abandonment of the old high grade line between New River
Depot and Back Creek, in Pulaski County.
Cripple Creek Extension.
The construction of this Branch from Ivanhoe, on the
North Carolina Division, to Speedwell Furnace, was authoized by the Board for the purpose of supplying the iron furnaces on the line of the road with suitable iron ores.
10 5 miles of this extension have been placed under contract, and four miles were completed at the close of the year.
and increasing the
Crane Creek Coal Branch.
The Board has authorized the construction of this Branch.
It leaves the main line near Duhring, in Mercer CountyWest Virginia, 38P2 miles from Norfolk, and luns up Crane
Creek, about 5"5 miles. At the close of the year the gradua57
76 tion was nearly completed. This Branch will serve to de92 velop large tracts of Pocahontas coal lands.
handling the Company's traffic has been continued during the year.
The following expenditures have been made on capital
account
facilities for
Construction
Equipment
Improvements and BettermentB
$1,382,508
801,136
177,790
$?,361,436 25
A new steel coal pier
(No. 3) has been built at Lambert's
Point for the expeditious transfer of coal to large ocean
steamers.
The expenditures for construction also embrace the cost
of work done on the New River Connecting Branch, the
Cripple Creek Extension, the Bluestone Low Grade line, the
Briar Mountain Branch, the Crane Creek Branch and the
Extension of the North Carolina Branch, real estate, con
struction of second track and new sidings and extension of
old sidings, yard and storage tracks, the cost of establish
ing a ventilating plant at Elkborn Tunnel, the construction
of freight and passenger stations, fuel and water stations.
engine houses and turn tables, additions to shops, telegraph
lines, terminal facilities, interlocking plants and signals,
fences, road-crossings, cattle-guards and cost of machinery
and tools.
The amount charged to equipment represents the cost of
new locomotives and freight and other cars added to the
Company's equipment during the year and not charged to
Equipment Renewal Fund.
The amount charged under the head of improvements and
betterments represents in part the cost of replacement of
certain bridges and trestles, arching tunnels and reducing
grades not charged to the Betterment Fund or to operating
expenses.
In addition to the expenditures for improvements and
betterments made on capital account, there has been expended and charged to the Betterment Fund during the
year tte sum of $665,274 40. This amount was expended
principally in the replacement of wooden bridges and
Laurel Creek Branch.
The Board authorized the coastruction and operation of
Branch up Laurel Creek, in Tazewell County, Virginia,
from mile p< st 375'5 from Norfolk to a Pocahontas coal
this
operation, a distance of about 2 miles.
Briar Mountain Branch.
The construction and operation of this Branch
orized for the purpose of developing certain coal
was authand timber
lands in Mingo County, on the Ohio Extension. It connects
with the main line at mile post 440 from Norfolk, near the
entrance of Alum Creek into Tug River, and will be about
3 9
miles long.
Bluestone Low Grade Line.
This line leaves the main line near mile post 373"3 from
Norfolk, and rejoins it near mile-post 376*7, a short distance
Length of
east of the eastern portal of Flat Top Tunnel.
line 2-1 miles.
It saves 0*8 mile in distance, and reduces the
grade from 2-23 per cent on the present main line to l'l per
cent, and saves over 500 degrees of curvature. At the close
of the year about one half of the grading had been done,
including the heading of a tunnel, 7C0 feet long.
The Board has authorized surveys to be mule for an
tension of the North Carolina Branch up New River to the
magnetic ore deposits at its head waters in Ashe County.
North Carolina. The Company has accepted an Act of the
General Assembly f North Carolina, ratified February 18,
1901, authorizing this Company to locate, construct and
opeate extensions and branches f its line within the State
(
'
of
North Carolina,
THE CHRONICLE.
504
[Vol. LXXIII.
TRAFFIC.
ing the Company's property, especially in the replacement
The following statement shows the passenger and freight of trestles and light bridges by permanent structures. A
portion of the cost of this work was charged to operating
traffic for the years 1901 and 1900:
expenses, and the remainder to the Betterment Fund under
Inc.or Dec.
1900.
1901.
rules established by the Board.
Number of Passen7.138,191
2,117,184
gers
2,350,375
The repairs of wharves an1 docks, the repairs of damages
Passengers canted
caused
by floods and the increase in price of materials,
7.6,144,549
79,816,485
one mile
85,961,084
Revenue from
pas-
$2,046,454 75
sengers
$1,857,304 87
I.
$189,149 88
Average rate per
per
passenger
mile. oents
passenger, miles.
Total number of
tone of freight..
0054
2381
2 327
38 20
3770
7.0-50
10,836,512
10,783,221
7.53,291
2,864,370,760
2,732,586,626
7.131,884 134
Average haul per
f/.
placed by masonry and
Tons carried one
mile
Revenue
from
$13,214,163 85
freight
$11,783,062 38
7.
$1,461,101 47
Average rate per
ton per
oente
Average
mile,
maohinery. tons.
Iron or-, tons
Lumber, tons
Limestone, tons...
Cement,
430
7.0031
264-31
253-41
7.10-90
4,890,317
1,386,816
419,727
4,477,582
1,612,045
432,798
107.519
626,579
915,858
837,599
131,727
856,172
851,409
386,899
173,872
[286,024
169.172
280,229
7.4,700
7.5,795
162,491
128,556
157,604
143,114
7.4,887
D. 14,558
1,401,654
1,384,520
7.17,134
7.412.785
125,229
D. 13,071
7>
D. 24,208
229,593
7. 63,949
D. 49,300
7>.
brick,
lime and building plaster, tons.
Grain, tons
Flour and other
mill
0461
haul,
miles....
Coal, bituminous,
tone
Coke, tons
Pig Iron, tons
Other oaHtlngs and
produote,
tons
Merchandise, tons.
All other articles,
tons
also contributed to the excess of expenditures over those of
the preceding year.
71*27 miles of main track have been re-laid with 85-lb.
steel rails; 28 68 miles with 75 lb. steel rails and 32 55 miles
of re sawed 67 lb. rails were used in replacing lighter rails.
31-78 miles of track were fully ballasted.
11,244 lineal feet of wooden trestles and bridges were re-
REVENUE TRAIN MILEAGE. EARNINGS f»ER| TRAIN MILE
AND TRAIN LOADS, 1901 AND 1900.
'
1901.
1900.
Inc.orDec.
Miles run by passenger trains
3,170,566 2,017,465 7.153-101
Average number of passengers per
39-56
train mile
39-60
7.0 04
Earnings per mile run by passenger
trains, including mall
and express
112 93
110-25
7.2-68
cents.
Earnings per mile run by passenger
trains, exclusive of mall and ex7.2-22
94-28
92-06
press
cents.
Miles run by freight trains
6,215,897 6,281,253 D. 65,361
Average number of tons of revenue
461
freight per train mile
435
7.26
Earnings per mile run by freight
212-58
187-11
trains
cents.
7. 2547
Note. —The Revenue Train Mileage does not include mileage of
Helpers and Switching Eogines.
It will be seen that there was a gain of 10 per cent in the
revenue from pasengers over 1900. 95 per cent of the revenue from passengers was derived from local business, being
the same per cent as during the year 1900.
The number of tons of freight carried during the year
only shows a gain of 53,291 tons, or 0-49 per cent. But the
average haul increased about 4*3 per cent, so that the tons
carried one mile show an increase of 4 8 per cent.
The revenue from freight shows an increase of 12 per
cent, as compared with the preceding year.
Ninety one per cent of the total tonnage and 87*2 per
cent of the earnings from freight were derived fr jdi local
business.
Coal and coke contributed about 58 per cent; and coal,
coke, ores and other products of mines about 69 per cent, to
the tonnage.
The small gain in tonnage is due principally to the diminished shipments of coke and iron ore and, in a less degree,
to the suspension of traffic necessitated by floods.
There was a decrease of 125,229 tons, or about 8*3 per cent
in the shipment of coke, and a decrease of 229,593 tons, or
26-8 per cent, in the t-hipment of iron ore during the year.
The shipment of bituminous coal shows an increase of
412,785 tons, or 9-2 per cent.
777,777 tons were shipped to foreign markets, a gain of
473,075 tons, or 155 per cent, over the shipments of the pre
vious year.
For the first time in the history of the road rates on eastbound coal have been well maintained during the entire
year by all the bituminous coal carriers.
The hope expressed in our last report that the downward
course of freight rates bad been arrested has been realized.
The average rate per ton per mile for the year was 0-461
cents, as against 0-430 cents for the year 1900, an increase
of 7-2 per cent. This increase was due principally to the
better rates obtained on coal.
95 5 per cent of the increase of the revenue from freight
was due to the increase in the average rate per ton per mile.
The Comptroller's statement of classified tonnage, hereto
annexed, shows in detail the amount and character of the
freight carried during the year.
embankment.
6,984 lineal feet of wooden trestles and bridges were replaced by steel structures and masonry.
2,391 lineal feet of old light bridges were replaced by
strong steel structures'.
2.512 lineal feet of light iron and steel bridges were thor-
oughly strengthened.
355 feet of Little Tom Tunnel on the Clinch Vall-y Division and 260 feet of Holbrook Tunnel on same division were
lined with brick arching.
Tunnel No. 4, west of Shawsville, 150 feet long, and tunnel No. 12, near Wills, which was 90 feet long, have been
converted into double-track open cuts.
Grades have been improved on two sections between
Pamplin and Concord; between Genoa and Coleman; in the
vicinity of Shoals, and between Davant and Hopetown.
99,665 cubic yards of material were dredged from slips and
around piers at Norfolk, and used for reclaiming a portion
of Lake Mahone, near Norfolk passenger station.
All slips at Lambert's Point and the area between piers
and channel of Elizabeth River were dredged to secure a
depth of 30 feet at mean low tide by removing a total of
751,782 cubic yards.
The Company's roadbed, track and bridges were seriously
damaged by floods during the year.
On the 21st and 22d of October, 1900, a continuous rainfall caused heavy slides on the Norfolk, Radford and
Pocahontas divisions, and the washing out of trestles and
Shenandoah Division and North
trestle bents on the
Carolina Branch.
On the 20th and 21st of April, 1901, a heavy rain, contin
uing for forty-eight hours, caused considerable damage to
the roadway, tracks, trestles and telegraph lines on the
Radford, Pocahontas and Scioto divisions. The New River
rose to a great height, overflowing its banks and the track
near Radford, and washing out the Hematite Ore Branch
bridge at Foster Falls. A heavy slide or cave in in Eggleston Tunnel, on the Radford Division, interrupted the traffic on that part of the road for several days.
On May 2 1st and 22d a very heavy rainstorm prevailed on
the Norfolk, Shenandoah, Radford, Pocahontas and Scioto
Divisions, causing considerable damage to track, bridges
and
trestles.
A most disastrous
flood occurred June Slst and 22d
in the Pocahontas Coal Field.
Pocahontas Division,
on the
Owing
to the great flood wave caused by a cloud burst, and the
rapidity of its approach, people at some places were unable
to escape from their houses in the low grounds, and many
were drowned. Ihe number of persons who perished canIt is estimated at from
not be correctly ascertained.
twenty five to forty.
The district affected by this flood extended over a distance
of about sixty-five miles. The greatest damage was caused
west of the Flat Top Mountain on the Elkhorn River.
Nearly the entire North Fork Coal Branch, nine miles long,
was washed away. The main line between the 381 milepost and the 392 mile-post from Norfolk was washed away
entirely in numerous places, or damaged, the wash outs
varying from 100 feet to 1,200 feet in length. At the town
of Keystone the embankment fifteen feet high was enFour iron
tirely washed out for a distance of 1,000 feet.
bridges, together with a part of the masonry upon which
the superstructure rested, were washed out between North
Fork Junction and Davy station.
The telegraph line was practically destroyed for many
miles in the flooded district, causing serious delay to the
movement of traffic after the line was opened.
Some of the freight cars standing on the sidings in the
coal field were swept down stream; others were turned over
and covered with debris; but no serious loss or damage resulted from their displacement.
The roadway in the Clinch Valley was also damaged, and
the track was obstructed by slides in many places.
The transportation department made strenuous efforts to
effect temporary repairs within the shortest time practicable, and notwithstanding the unfavorable condition of
the weather (a second heavy rain-storm on June 26th
washed away a portion of the temporary repair work), succeeded in opening the line on the 29th day of June.
Many of the coal operators in the Pocahontas Field and
MAINTENANCE OF WAY AND STRUCTURES.
some of their employes also suffered severe losses from the
The condition of the roadway, track and bridges has been flood. The operators repaired their plants very promptly,
greatly improved during the year.
and in most cases were able to resume shipments as soon as
The expenditures on this account aggregated $1,975,393 43, the road was opened for traffic.
or about $1,266 per mile of road, as against $1,003 per mile
As above stated, the Board has appropriated from surplus
for the preceding year. The increase (about 27 per cent) earnings the sum of $250,000 to be expended in restoring the
is due in part to the large amount of work done in improvproperty destroyed and damaged by the flood.
-
September
7,
THE CHRONICLE
1901.]
EQUIPMENT.
The equipment has been maintained in good order and
condition during the year. The charges For maintenance
aggregated $2,324,226 28, a sum greater by $389,84318,
142 per cent, than was charged on this aceount during
preceding year.
The amount includes $109,81? for replacing equipment
stroyed or retired from service ami $369,000 charged for
or
the
de
de
preciation.
35 heavy freight engines, of which 5 were built at the
Company's shops, were added to the equipment during tinyear, and their cost, $888,888 50, was charged to operating
expenses through the equipment renewal fund.
There were also added to the equipment 8 heavy freight
engines; but their cost, $108,334 63, was charged to capital
account.
The following cars were added to the equipment during
the year:
ft bapgage and express earn.
4S9 drop bottom gondolas, 80,000 lbs. capacity.
724 hopper bottom gondolas, iO(\O0O lbs. capacity.
50 maintenance of way flat-bottom gondolas.
1 wnck and tool oar.
2 steam shovel oars.
There was
also
added one barge
for use at
Lambert's
Point.
The cost of 5 baggage and express cars, of 401 hopper
botttom gondolas, and 1 steam shovel, aggregating $279,953 42, was charged to operating expenses, through the
equipment renewal fund. The cost of 822 hopper and drop
bottom gondolas, 1 wreck and tool car, 1 steam shovel and
one barge, aggregating $692,802 13, was charged to equipment, capital account; and the cost of the 50 maintenance
of
way
gondolas for special use in
filling
up
trestles
was
charged to the Betterment Fund.
There were destroyed or retired from service during the
year:
6 freight engines,
2 passenger and baggage oars,
190 freight oars,
9 oabln oars.
One freight engine was converted into a passenger engine
and ten freight engines were transferred to switching
service.
At the
close of the year the
Company's equipment con-
sisted of:
505
GENERAL KKMAKKH.
Your Directors have
deatli,
on
May
2,
to report, with deep
1901, of their esteemed colleague)
the
'
Coppell. They have placed in ih<- minutes of the prooe
nigs of the Board their appreciation of the valuable .vr\
he rendered In the best interests of the Compa
|
The Company's earnings for the year wei 8 the lai gesl In th<history of the road, and reflected the continuance of the.
general prosperity of the country.
The continued growth of the passenger traffic is particularly gratifying, because this traffic is mainly derived from
IochI sources, and the increase serves to show that the
country traversed by your road has fully shared in the
eral prosperity.
At the close of the year there were 72 coal and coke companies in operation on the line of your road, 6,879 coke
ovens were completed and 594 under construction.
On June 30, 1901, there were in operation on the line of the
road 13 iron coke furnaces, with an estimated aggregate
capacity of 1,595 tons of pig iron per day. Eight furnaces,
aggregating 1,000 tons of pig iron per day, were out of blast
at that date.
The following industries have been established on the
line of the road during the year:
1 Bark Extract Works,
1 Iron Coke Furnace, 1 Beading Factory,
1 Barytes Mill,
1 Nail and Tack Mill, 1 Veneer Mill,
Handle
Butter- Dish Factory,
1
Factory.
1
Foundry.
1
2 Furniture Factories, 3 Ioe Plants.
1 Cotton Mill.
1 Tapestry Faotory,
1 Electric Light Plant,
1 Grain Elevator,
1 Paper Box Faotory, 1 Pottery Works,
6 Flour Mills.
1 Matoh Factory,
1 Fertiliser Plant,
6 Coal Operations,
2 Iron Ore Mines,
1 Glass Faotory,
26 Saw Mills,
1 Broom Faotory,
1 Manganese Ore Mine,
5 Planing Mills,
2 Box Faotories,
1 Tobacco Factory.
2 Wagon Works,
1 Bark Mill
5 Stave Mills,
"
The Improvement In the rate situation in the territory of
the Trunk Lines, to which attention was called in our last
report, has not been maintained. During the greater part
of the year rates on both west bound and east-bound
freights were in a demoralized condition. Rates in the
territory of the Southern lines east of the Mississippi and
south of the Ohio rivers have been well maintained during
the year.
On June 5, 1901 Mr. N. Parker Shortridge was elected a
Director to fill the vacancy occasioned by the death of
,
239 passenger cars,
19,686 freight oars, and
502 maint. of way and cabin
2 sea-going tugs, and
63 passenger engines,
37S freight engines,
33 switching engines.
George Coppell.
oars,
11 barges.
471
At the close of tbe year there were in the shops undergoing repairs, 38 engines, or 8 per cent of the total equipment
eight needing only light repairs. Also 17 passenger cars,
or ? l per cent, and 247 freight cars, or 1-2 per cent of the
total freight car equipment.
—
-
CONDUCTING .TRANSPORTATION.
The expenditures for conducting transportation aggregated
$4,417,358 71, a sum larger by $207,184 26, or about 49 per
cent than the cost of conducting transportation during the
preceding year.
The increase is due mainly to the higher price of the
Company's fuel, and, in a lesser degree, to the enhanced
cost of other materials and supplies.
The Comptroller's statement, hereto annexed, shows in
detail the cost of conducting transportation during the last
fiscal year, and during the preceding year.
Messrs. Price, Waterhouse & Company were re-elected by
the stockholders to audit the books and accounts of the
Company. Their certificate is attached to the balance
sheet.
The annexed report of the General Manager shows in
detail the operations of the transportation department. The
efficiency and economy with which these operations have
been conducted are highly creditable to tbe department.
It will be seen that the average load of revenue freight
trains per train mile has been increased from 435 tons for
the preceding year, to 461 tons, or 6 per cent, and that the
work performed shows an increase of 131,834, 134ton miles,
or about 4*8 per cent; while the revenue freight train mileage was reduced 65,361 miles, or 1'04 per cent.
Thy officers and employes in all departments of the
Company's service have faithfully discharged their duties
during the year.
By
order of the Board.
HENRY
INCOME ACCOUNT FOR THE FISCAL YEAR ENDING JUNE
DR.
FINK,
President.
30, 1901.
OR.
To O pee axing Expenses:
By Earnings:
Maintenance of Way and Structures. ..$1,975, 393 43
Maintenance of Equipment
2,324,226 28
Conducting Transportation
4,417,358 71
General Expenses
320,629 94
Freight
$9,037,608 36
407.850 73
6,339,982 77
Taxes
Balance Carried Down
Passenger
Mail
Express
Miscellaneous
$13,214,163
2,046,454
199.825
204,962
120,035
85
75
05
61
to
$15,785,441 86
$15,785,441 88
$1 5.785,441 86
Interest on Funded Debt
$2,238,480 00
Interest on Car-Trust Oertiflcates and Bonds
11,237 50
Advances to Subsidiary Companies written off
1,051 00
Balance, being Net Income carried to Net Income
To
Account
By Balanoe brought down...
Dividends, Interest, etc
.
$6,339,982 77
68,618 55
4.157,830 82
$6.408.599 32
$6,408,599 32
NET INCOME ACCOUNT.
Dividends on Preferred Stock:
2 percent, August 24, 1900
2 per cent, February 23, 1901
Dividend on Common Stock
1 percent, June 20, 1801
Appropriations of Net Income
Net Inoome for Year from Inoome Aeoount.
Balanoe from last year
$454,962 00
454,962 00
.$4,157,830 82
1,811,441 14
.
$909,924 00
:
644,692 00
:
Betterment Fund
...
1,500,000 00
Cost of Flood in Coal Region
250,000 00
Dlsoount on Bonds sold. Branoh Lines and Spurs, donation to Young Men's Christian Association, etc..
31 ,184 84
Balance carried to General Balanoe Sheet
2,633,471 12
$5,963,271 96
$5,969,271 96
THE CHRONKLK.
50()
GENERAL BALANCE 8BEET JUNE
30, 1901.
CATITAL LIABILITIES.
CATITAL A8SLTS.
ludaiicts
•/""« 30, 1901.
Jialance*
June 30, 1900.
Balance*
30, 1900.
Balance*
June
June
Cost of Road and Equipment:
l^R- Franchises
RolllngStook
$124,71 1,470
9,919.017 15
•">!
$ 134, 633,487 66
other property ..$125,505.f>09 05
$23,000/00 00
11,117,25*90
66,000,000 00
$130,628,163 95
$89,000,000 00
New
Construction.
Improvements
ments
1,198,237 75
<fe
1,000 00
VlrKlDla
$89,000,000 00
7.28V00 00
Balance carried down
New RlverDiv
2.0(0.000 00
5,( 00.000 00
5,000,000 00
2,361,436 25
1,298,899 80
Tennessee
BR
M
.
Bonds.
1
First
\T.
5.C00 03
7,283,000 00
6% Bonds
2,000,01
Improvement & Ext. M. % Bonds
8oloto Valley & New England KR.
Co. First Mortsage 4% Bonds
Col. Con A Ter RR. Co. 5% M. Bds.
Norfolk A Western Railway Co
First Consol. M. 4% Bonds
First Consol. M. 4% Reg. Bonds..
(
5,000,000 CO
i
600,000 00
,C00 00
I
Norfolk A Western Railroad Co.:
General Mortgage 6% p onas
177,79092
801,136 76
A
Enlarged Mortgage Bonds
5,000 00
Bet-
30, 1901.
$23.OO",O0O 00
66,000,000 00
Common
Di.ut:
Mouth Side KR Co. CodsoI.
$1,382,508 57
Rol lng Stock
Capital Stock*
Adjustment Preferred
Funded
Capital Expenditures ddrino Fiscal Ybar ending June 30, li'01:
S674.S27 62
188,463 86
$2,061, 5V9 23
$1,697 483 11
<fe
[Vol. LXXIII.
5,000 000 00
tOO.OOO 00
:
29,055,500 00
155,000 00
$49,099,500 00
S0,037.'00 00
1.173.0C0 00
$51,099,500 00
Equipment Liens:
Norfolk
$140,283 fOOOO
$138,392,500 00
CURRENT ASSETS.
Company's Securities in the Treasury:
$251,500 00
$252,000 00 Adjustment Preferred Stock
1,530,800 00
Common
$140,233,100 00
CURRENT LIABILITIES.
$1,697,483 11 Balance from Capital Account
$1,2°9.8!9 80
642,337 55 Intbrebt on Funded Debt Accrued...
601.3SJ6 65
483,796
439,822
6<\774
56,946
$500,000
422,750 For General Purposes
422,750
950 Purchased for Speolal
purposes
922,750 00
'.
$2,707,100 00
$338,102 50 Investments in
$310,407
175,224
49,927
324,330
27
55
29
80
Other Companies
Trafflo Balanoes
U
Government
Individuals and compabies 283,92158
8.
accounts Payable:
Pay Rolls
$50?, 257 69
Audited Vouchers
Traffio Balances.
Individuals and Companies
579,^55 25
9H.9S6 15
78,951 24
$1,041,34119
-110,703 32 Taxes Accrued
1,500,000 00 Betterment Fund
J.258,lf0 36
149.110 38
Flood in Coal Region June
Reserve Funds:
$192.587 79
55,18135
25,236 '6
27,46125
$244,603 05
308,363 82
49,953 63
Station Agents
94
77
79
69
$2,705,050 00
2,411,782 50
accounts Receivable:
$2,000 00
87,000 00
95,000 00
$138,392,500 00
$500,000 Under Article One,
923.700 00
Co.:
$184,000 00
Mortgage Bonds:
Seotlon 5
Western Railroad
$293,000 00
1,530,80000
Stock
First Consolidated
A
Equipment Mort. Bonds of 1888..
Car Trust Certificates of 1892
Car Trust Bonds of 1893
$3,000 00
139,010 00
151,000 00
Equipment Renewal
Rail Renewal
Casualty
Cross Tie Renewal
22,
2,334.-;25 60
221 ,788 39
1901
$341,579 04
56,953 33
V>2,:il8 07
*31,232 07
339,618 42
$590,467 15
886,842 08
91
27 Insur. and Licenses Paid in Advance...
32,31138
414 61
15 U. S. Internal Revenue Stamps
00 New Equipment Under Construction..
1,382,7*1 74 Material and Supplies
1,058,087 63
37,902 00 Condemned Equip. Acquired with Road
33,652 00
1,966,713 89 CASH
1,758,520 48
$859,889
28,662
611
72,010
$7,393,773 46
*
$8,886,660 68
Profit and Loss:
$1,811,441 14
2.633.471 12
Surplus
$o,886,€60 e8
$7,?93,773 46
Dr. balance.
We hereby certify that we have examined the foregoing
of the Company, and that we find the same to be correct.
New York, September 4, 1901.
Balance Sheet and Relative Income Account with the books
Price,
Waterhouse
&
Co., Auditors.
THE DENVER & RIO GRANDE RAILROAD COMPANY.
FIFTEENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNE
To the Stockholders of the Der.ver
&
Rio Qrande Railroad
Company:
The incrme of your Company during the
fiscal
year ended
30th June, 1901, excluding accretions to the Renewal Fund,
but including $111,374 37 interest on securities, was $11,563,777 73, an increase of $1,204,014 30 compared with the
previous year.
The gross receipts from the operation of the Railroad were
$11 ,452,403 36, being an increase of $1 .206,323 47.
The operating expenses were $7,123,897 76, an increase of $638,058 29.
The net earnings from operation were $4,328,505 60, being
$568,265 18 more than for the previous fiscal year. The increase in gross receipts from operation was 11-77 percent; in
expenses, 9*84 per cent and in net earnings, 15'li per cent.
After providing for interest on funded debt, taxes, insur
ance and rentals of leased lines, and two semi annual dividends of 2% per cent each upon the preferred stock, and also
contributions amounting to $140,0C0 to the Renewal Fund
there remained a surplus for credit to Profit and Loss
«*•••
To which should be added moneys
$730,922 24
received in
settlement of sundry accounts
From which
474,203 97
$1,205,126 21
there should be deducted charges
direct to Profit and Loss as shown in detail on
Page 12
623,612 52
Net increase in Profit and Loss acoount
$581,513 69
For detailed information you are referred to the tables
and statistics prepared by the Comptroller and the Auditor,
submitted herewith for your information.
There were bonds and stocks in the Treasury on June 30th
amounting to $6,241,070 00 par value, but appearing on the
books at $2,385,819 56, and in addition there were in the
30, 1901.
Special Renewal Fund securities at par and cash $383,046 41
the book value of which was $281,651 41. The par value of
all
being $6,624,116
41.
A
statement of them
is
given
on page 508. As the acquisition of the Rio Grande
Western Railway, hereinafter explained, was not completed on June 30th, the securities of that company aie
not included therein.
Your Company has no floating indebtedness, and the unpaid vouchers at the close of the fiscal year were only those
of the month of June, payable in usual course of business
in the succeeding month.
In their last report your directors stated that $1,587,500 00
of the 7 per cent First Mortgage Bonds had not then been
presented for exchange under the arrangement made in
The bonds matured November 1st and were either
1898.
exchanged prior to that date or paid at maturity, so that
tbe Consolidated Mortgage Bonds are now a first lien upon
the entire property of the Company. The balance of the
cost of this transaction, $23% 851 14, was charged to Profit
and Loss. It may be well to repeat what was said in former
reports, that the saving in interest is about $160,000 00 per
annum.
The committee appointed under the by laws
at the last
annual meeting of the shareholders again selected Mr. W.
G. Purdy, President of the Chidago Rock Island & Pacific
Railway Company, to examine the accounts, and, if satisfactory, verify them, and he again consented to act. He
made a careful examination of them in Denver, and his
certificate is submitted herewith for your information.
From the spring of 1883 until July, 1884, prior to the reorganization, the entire railroad, from Denver to Ogden,
was operated as one line and under one management, but
from July, 1884, when the contract relations were terminated, the two lines meeting at Grand Junction were
operated
and
independently, although as close connections
In the reorganization agreement and the
allies.
September
7,
THE CHRONICLE.
1901.]
your Company, certain securii lea
were expressly reserved for acquiring the Western rail
or for building an independent line to Salt Lake City and
Ogden. A unity of interest and •ontrol fr in Denver to
507
crease of $263,785 92 in the cost of Conducting Transpoi
tion, and $152, *>:)* <;; in Maintenance of Equipment.
quipment generally was fully maintained, alth ugb
>.<-.
iiv taxed, and is in good general condition,
of the old narrow-gauge freight OSrs, the rebuilding of
whiob has heen postponed until
how many of them, if any. can be dispensed with when the
w idenmg of gauge in the ban Lulfl \ alley is completed.
The aggregate expenditures for Maintenance of Way and
Maintenance of Structures was about $167,0('0 00 mori than in
the previous year, of which amount about $163,000 00 was in
articles of association of
:
i
.
Ogden by purchase of the existing line or construction of a
new one was then believed to be desirable, ami it was thought
that the future would make it a Eecessity. Last autumn
i
;
your directors authorized negotiations to be con luoted with
representatives of the Rio Grande Western Railway Com
pany for the purpose of acquiring for your Company the
capital stock of that company and thus reuniting the lines
under one management instead of building another rail] oad renewals Of rails and ties and renewals and repail Of brid
A brick building for repairing and painting
in competition with existing ones. These negotiations were and culverts.
successful and on May 15th a plan for acquiring the property
passenger cars was built at Burn ham shop-. Denver, and a
was submitted to the stockholders Of your Coinpans at a brick engine house of twenty stalls, wit h turn table, coal
special meeting called for the purpose, and was approved by ohutes and other facilities was built at Salida. The load way
them. As the submission was so recent, your direct. us be- and track were in many respects improved. The polio]
gradually strengthening the standard gauge mam lines was
lieve it unnecessary to again explain in detail the prop
continued and 0.300 tons of new 85 pound steel rails v
tions voted upon. The plan involved the issue of |30,750,
0U0 00 preferred stock, of which $8,250,000 00 is to be ex- used, which, as heieinbefore explained, released secondchanged for the preferred stock of the Rio Grande Western hand 65-pound and 52 pound rails for transfer to other parts
There are now about 208 miles of standardin the ratio of eleven of yours for ten of theis. and it also of the system
quired the ownership of valuable coal and coke properties gauge track laid with 85 pound steel, the entire cost of
in Utah to he vested in the Rio Grande Western Company which, including the cost of transferring the secondhand
before its acquisition by your Company. At the close of rails to other parts of the system, has been charged to
the fiscal year the transaction was not fully completed, al- Operation Expenses. The introduction three or four years
though control of the Rio Grande Western Railway, 645 ago of the heaviest class of locomotives required the remiles, had passed into your hands. The exchange of the building to the best standards of strength and safety many
preferred shares will require a little time, but it is hoped of the truss bridges on the standard gauge main line, and
and believed that the entire matter will be concluded by the cost of this was also charged to Operation. The strucOctober 1st. The outstanding share capital of yon r Com- tures removed were of but little more than half the strength
pany will then be $44,400,000 00 preferred and $38,000,000 00 of the new ones.
common, or a total of 8^2,400,000 0". which is the full amount
In the last two years your narrow-gauge system has been
authorized. At the special meeting mentioned, authority reduced 110 miles by standard gauging from La Veta to
was granted to use for other capital requirements $<>,'. 100,- Alamosa and thence to Antonito and Monte Vista in
000 00 Consolidated Mortgage Bonds heretofore reserved for the San Luis Valley.
acquiring the property ami franchises of the Rio Grande
The earnings of the Company on traffic to and from the
Western or for building an independent line to Ogden, and Rio Grande Southern Railroad during the fiscal year were
the authority to issue certain preferred and common shares $460,858 15, against $429,457 76 for the year ended June 30th,
for this purpose was withdrawn, and in- lieu thereof the 1900.
The income of the Rio Grande Southern from all
issue was autho:ized of preferred stock only as above set sources was $546,225 88, an increase of $17,021 31 compared
forth.
with the previous year, and there was a surplus of $45,952 39
Some years ago your Company owned a narrow gauge after providing for operating expenses, interest on funded
branch line, about thirty one mihs long, with excessive debt, taxes, insurance and other charges against Income.
curvature and very heavy grades, from Canyon City toWest- For further information about the Rio Grande Southern you
cliffe in Custer County.
For atout half its length and partly are respectfully referred to the annual report of that Comin a close canyon, the line followed Grape Creek.
The loca- pany.
tion was expensive from an operating standpoint, and inseIt is a pl-asure to again acknowledge the zeal and loyalty
cure because of the volumes of water which at times swept of the officers and employes generally and their efforts in
with irresistible force through the narrow canyon. There- behalf of the Company.
suit was destruction on three occasions within a period of
Bv order of the Board of Directors
:
four yeas of ;a great deal of the roadway and track, so
the branch was abandoned twelve or thirteen years ago.
Developments since then made it desirable for your Company to again reach Westcliffe with its rails. For this purpose a Company was incorporated, by authority of your Di-
E. T.
JEFFERY,
President.
Denver, Colorado, August
17th, 1901,
rectors, and a standard-gauge branch line of about twentysix miles was constructed from Texas Creek Station on your
main line, at a cost of about $580,000, and was opened for
Denver, Colorado, August 16th, 1901.
To the Stockholders of The Denver & Rio Grande Railroad
traffic in June.
Company
Your Directors authorized an arrangement for constructThe Committee appointed at the Annual Meeting of the
ing the Rio Grande Pagosa & Northern Railroad, a nar
row-gauge branch, thirty-one miles long, to Pagosa Springs, Stockholders of the Denver & Rio Grande Railroad Company
held at Denver, Colorado, October 16th, 1900, having requested that I examine the books and accounts of your Com
pany for the fiscal year ending June 30th, 1901. I have the
honor to report that I have completed the examination, and
hereby certify that the statements of the financial condition
of your Company as set forth in the Annual Report for that
period are correct and as detailed therein.
The details of the several accounts, as shown by the General Balance Sheet, Statement of Earoings and Expenditures,
and the Income Account, with the Statistical information
there given, are complete and correct, and are as shown by
the Records and General Books of the Company.
In the performance of my duty as the representative of
fie Stockholders, in making the examination of said
Records and Accounts, I have had the co-operation of your
President, Comptroller and other Officers, and to them I
desire to express my appreciation of the assistance rendered
me in making the examination.
in Southwestern Colorado, to reach large bodies of pine
timber and other sources of traffic.
contract was made
with responsible parties interested in the timber lands to do
the grading, bridging aud track-laying, your Company to
furnish second hand rails and appurtenances, the parties to
be reimbursed for their outlay by monthly payments based
on the earnings on traffic from and to the new branch, which
was completed in October. The capital stock of the Company. §200,000 00 is the property of your Company.
In pursuance of the policy outlined in former reports, the
work of standard-gauging certain portions of the narrowgauge system in the San Luis Valley was continued and the
track was made three- rail from Alamosa to Antonito, about
twenty-nine miles, and from Alamosa to Monte Vista, about
seventeen miles, to accommodate the equipment of both
gauges. Second-hand rails were available because about
forty five milts of the standard-gauge main lines, where
traffic is the heaviest, were renewed with 85-pound rails,
releasing for use in the narrow-gauge system 52 pound and
65 pound rails. As explained last year, the cost of this in
A
Very
respectfully.
W.
the San Luis Valley
is but little more than if these secondhand rails were laid narrow gauge, and traffic can be handled
in a more satisfactory manner.
The receipts from traffic were again gratifying and
yielded a marked increase compared with the previous year.
Freight revenues were $8,4S8,442 64, against $7,65 ,643 23,
and passenger $2,066,228 89, against $1,776,759 87.
The
growth of business necessitated the purchase of fifteen
G.
PURDV,
On Behalf of
1
the Stockholdtrs.
REPORT OF THE COMPTROLLER.
powerful standard-gauge freight locomotives, eight passenger cars, six mail and baggage cars and one dining car,
the aggregate cost of which was $361,076 98, of whi h $352,«
186 98 was charged direct to Profit and Loss. The motive
power was taxed to its capacity throughout the year and
further additions to it will be necessary if the present
The Denver & Rio Grande Railrad
New
York, August
Co.
14 h, 1901.
i
>
Mr. E. T. Jeffery. President.
Dear Sir:-I beg to present herewith my report of the
Company's financial condition June :>0. 1901, consisting of
The Operation Expenses, $7,123,897 76. were $638,058 29 'the adjustments made in the General Profit and Loss and
more than in the previous year. The increased tonnage and Renewal Fund Accounts during the fiscal year then ended,
train mileage and the larger volume of travel caused an in- together with Co nparative Balance Sheet, Summary of its
activity in business continues.
I
S
THE CHRONICLE.
508
financial operations outside of its income Account, based on
such comparison, and Tabular Statement of Securities
owned by tbe Company at that date, arranged in the order
named.
Annexed hereto
is
the report of the Auditor, exhibiting
Earnings and Expenses, and other statistical information, from the records of tho Company, for the same
period. Very respectfully,
in detail the
STEPHEN LITTLE,
Comptroller.
[Vol. LXXiir.
Brought forward
$/ S3S,6(x) 44
DECREASE OF LIABILITIES.
First Mortgage 7 per ier,t Bonds
$1,587,500 00
First Mortgage 7 per cent Bonds, Coupons due and unpaid
3.41250
First
not
Mortgage 7 per cent Bonds, Interest accrued but
1»,520 84
24,635 el
din-
Equipment Renewal Fund
Total Decrease of Liabilities
$1,634,069 15
Grand Total accounted
$3,172,738 59
for
GENERAL PROFIT AND L083 ACCOUNT.
(Adjustments therein June 30, 1900, to June 30, 1901.)
Or.
Dr.
$2,125,709 45
By Balance June 30,1900
By Surplus for the year ended Juno 30,
730,922 24
1901, an per Inonnie Account
By Moneys received In settlement of Hun474,203 97
dry Accounts
To Cost of exchaBglng 7% Bonds for 4»*%
Bonds in addition to amounts charged
$235,851 14
Income in 1898, 1899 and 1900
Tooostof Fifteen Standard-Gauge Loco241,823 55
motives
To part cost of Eight Standard-Gauge
Coaches and Six Standard-Gauge Mail
96,179 48
and Baggage Cars
To cost of One Standard-Gauge Dining
14,183 95
Car
To donation to Employes' Relief Association, for Sallda Hospital
15,000 00
14,519 15
To part cost of Laws Siding
To Adjustments during the year
to the debit of Profit and Loss
dlreot
$8,465 70
Leas Adjustments for same pe-
and
riod to oredit of Profit
Loss dlreot
?,410 45
6,055 25
2,707,223 14
To Balance
$3,330,835 66 $3,330.8 35 66
By Balance
June
at credit of Profit and Loss
30, 1901, see Balanoe Sheet
SUMMARY OF FINANCIAL OPERATIONS
& Rio Grande Railroad Company from
count.
No.
67
Construction of Branches
•&
Materials and Supplies
Vouchers
Rolls
Book Value.
$67,000 00
$67,000 00
each
1
Denver
<fe
Rio Grande RR.
1,411
Rio Grande
First Mort.
16,50000
16,50000
500 00
500 00
Co.
i\% Bond
First Consol. Mort.
of $500
Southern RR. Co.
4% Bonds
ol $1
,000
June 30
each
78
Denver
&
Sundries
217,50000
173,311 CO
37,000 00
8,120 00
580,00000
85,38193
5,580 00
$266,00000
$172,90000
76,000 00
41,046 41
67,705 00
$383,046 41
$281,65141
Rio Grande RR. Co.
First Consol. Mort. 4% Bonds
(74 of $l,C00 each and 4 of
15
43
59
33
Total
amount
599 64
140,469 99
2.S0000
35,651 25
3,975
3,737
21,725
2,222
118,355
00
46
09
71
00
41,04641
$6,624,116 41 $2,667,470 97
STATEMENT OF EARNINGS AND EXPENSES
For the Fiscal Year Ended June
Accrued Taxes
Accrued Rental of Leased Lines
Dividends on Preferred Capital Stook
225,560 00
$6,241,070 00 $7,385,819 56
$500 each)
Cash (to be Invested)
$1,587,500 00
58,439 35
8,759 51
Express Money Orders
Traffic Balances
First Consolidated Mortgage 4 per oent Bonds, Coupons
dueand unpaid
First Consolidated Mortgage 4^ per oent Bonds,
Coupons due and unpaid
Improvement Mortgage 5 per oent Bonds, Coupons due
and unpaid
919,366 63
each
1.411.0COOO
22,556 Shares Rio Grande Southern RR.
Co. Capital Stock
2,255,6C0 00
3,750 Shares Rio Grande & Santa Fe
RR Co. Capital 8tock
375,000 00
12,2im 8h ires Rio Grande Junotion Ry.
Co. Capital Stock
1,221,150 00
Rio Grande Gunnison Ry. Co.
1
First \1orti age 6% Bond
100,000 00
81 1-5 Shares Capital Stock of the Pueblo Union Depot & RR. Co. ...
8,120 00
5,800 Shares Rio Grande RR. Co. Capital Stook
580,00000
2,000 Shares Rio Grande Pagosa &
Northern RR. Co. Capital Stock
—Cost to date
200,000 00
Other Securities
6,200 00
increase of liabilities.
Bonds
Face Value.
Co.
<fe
$474,178 50
Total Deorease of Assets
Pay
RR
In Special Btneual Fund.
266 Rio Grande Southern RR. Co.
First Mort. 4% Bonds of $1,000
$19,147
37,108
213,251
204,671
Northern RR. Co
First Consolidated Mortgage, 4>a per cent
In Treasury.
<& Rio Grande
First Consol. Mort. 4% Bonds
of$l,000each
33 Denver
Rio Grande RR. Co.
Imp. Mort. 5% Bonds of $500
Jone 30, 1901, Outside of Its Income AcResources to be accounted fob, Thus:
decrease of assets.
Rio Grande Pagosa
Bond Conversion
Denver
$2,707,223 14
of the Denver
1900, to
STATEMENT OF SECURITIES OWNED BY THE COMPANY
JUNE 20, 1901.
Compared with Year Ended June
1900-01.
1899-00.
Increase.
$
8,488,442 64
2,066,228 89
$
7,651,643 23
1,776,759 87
836,799 41
289,469 02
897,73183
817,676 79
30,055 04
Earnings—
Freight
Passenger
Express, Mails, Miscellaneous and Rents
30, 1901.
30, 1900.
11,452,403 36 10,246,079 89 1,206,323 47
Total earnings
Expenses—
1,191,507 96 1,144,574 08
Maintenance of Way
357.' 61 25
236,643 85
Maintenance of Structures..
935,359 99
Maintenance of Equipment.. 1,087,898 66
Conducting Transportation. 3,997,761 6 3,733,975 44
152.689 78
144,132 99
Express
336,778 75
291,153 12
General
46,933 88
120,617 40
152.538 67
263,785 92
8,5.' 6 79
45,625 63
7,123,897 76
6.485.859 47
638, 058 29
62*20
6330
4,328,505 60
3,760,240 42
C-
Total Increase of Liabilities
$1,983,735 00
INCREASE IN RENEWAL FDND.
By
Total expenses
(As per Comparative Balance Sheet.)
Balanoe at Credit of Renewal Fund,
June
30, 1901
By Balanoe at Credit of
June 30, 1900.
Percentage of operation
$281,651 41
Net earnings
Renewal Fund,
$133,311 40
INCOME ACCOUNT
Fob the Fiscal Year Ended June
INCREASE OF PROFIT AND LOSS.
(As per Comparative Balanoe Sheet.)
at Credit of Profit and Loss,
June 30, 190t
By Balanoe
June
30,
2,125,709 45
Increase for the year.
Grand Total
This
sum
is
to
be accounted for
$4,328,505 €0
Net Earnings from Operation
$581,513 69
$3,172,738 59
accounted for as follows:
Add Inoome from
Interest on Securities
Owned
111,374 37
$4,439,879 97
Total Net Income
Less-
Funded Debt
$1,355,121 66
373.217 58
23,253 51
Insurance
2,519 02
Interest, Discount and Exohange........
132,345 96
Rental of Leased Lines
Interest on
INCREASE OF ASSETS.
Taxes
Cash
$628,269 67
97,662 08
Agents and Conductors
110,654 81
U. S. Government
..
2,521 33
Pueblo Union Depot Sinking Fund
800 00
Rio Grande Junotion Ry. Co. Capital Stock in Treasury.
3,200 00
Sundries
278 59
Rio Grande RR. Co. Capital Stook in Treasury
580,000 00
Other Securities in Treasury
5,580 00
D. & R. G. RR. Co. First Consolidated Mortgage 4^ per
oent Bond in Treasury
COO 00
Rio Grande Pagosa & Northern RR. Co. Capital Stock in
Treasury— Cost to date
85,381 93
D. & R. G. RR. Co. First Consolidated Mortgage 4 per
cent Bonds, Speoial Renewal Fund
19,498 75
Cash (to be invested) Speoial Renewal Fund
4,322 28
Individuals and Companies
Total increase of Assets
62*20
Percentage of Operation
and Loss,
1900
30, 1901.
$11,452,403 36
7.123,897 76
Gross Earnings from Operation
Operating Expenses
$2,707,223 14
at Credit of Profit
568,265 18
148,340 01
Increase for the year.
By Balanoe
$
$1,538,669 44
2,386,457 73
$2,053,422 24
Surplus for the Year
Being an Increase of $558,960 28 over
surplus of previous year, out of which
were declared two dividends on the
Preferred Capital Stook. viz.:
No. 19, of 2!« per cent, payable January 15, 1901. .$591,250 00
No. 20, of 213 per oent.pay591,250 00 $1,182,500 00
able July 15, 1901
There was also set aside for Renewal
Fund
Remaining Surplus carried to credit of
140,000 00
1.322,500 00
and Loss.
$730,922 Si
Profit
SEPTEMBER
7,
THE CHRONICLE.
1901.]
u.a.\(
li
u m;
I
ao.
J
509
901.
LI A It 1
ASSET
To
Original Cost of Road.
n-irnetlon of Brandies
l(\-
S.061,914 45
0.174, G97 07
"
$101,2
En
i
1
turnout
H<
Estate
Mmeii.ilM ami Supplies
ak< nts and Oonduotow
Individuals ana Oompanlea
D. 8 Government
.
1
1
1
'
j
1
3v
Vonohers
4^7,414 en
-14 47
Pay
Rolls,
8,11
.
interest on
<i
1
Bonds
Bond
84.7
Warrant!
Hecuitn.-H in ine Treasury
Special Renewal Fund (Invest, of Renewal Fund).
Pueblo Union Depot Sinking Fund
Bonds I
Oea Mortgage
in. Mort 4 * per cent
in- nt Mort. 5 per 0. Bonds
1
st
i,i
Rem
Aeci
iuntj
st:
i
1
4.13S, 141 12
K.Hili'ii
capital Btook, lommon.
Capital Block, Preferred
Ta
tied
2,0
1
Rental »r Leased
it
1
>>
iers
Trafllc
8,80
—
Balanoes
Hui di
Sundries.
Dividends on P
1.27--.S9088
Equipment Renewal Fund
1
Total Liaiiiijties
R*B*walFund
By Balance at Credit of Profit ami Loss
Total Assei>
Totai
$110,509,059 89
CURRENT ASSETS AND LIABILITIES JUNE
3,331 97
30,
&R.
Bond
427,411 CO
8,800 00
&
4%
$67,CO0 00
KK Co.
G KR Co
G.
First Cons. Mort.
4^%
5COO0
R.
'
&
R. G. First Cons. Mort.
R. G. 80. RR. Co. First Mort.
Cash (to be invested)
7% Bonds
Coupons First Cons. Mort. 4% Bonds
Coupons First Cons. Mort. it% Bonds
Cuupons Iiupt. Mort. 5% Bonds
Accrued Interest ou Impt. Mort. 5% Bonds.
$736,892 29
507 50
583,310 00
143,718 75
23,012 50
750,548
33,833
591,375
22,639
239.4*4
190,324
33.028
Equipment Renewal Fnnd
75
33
00
42
34
91
68
6,55i 77
Sundries
.
46,006 85
Total Current Liabilities
Balance urrcnt Assets iiicxctHs
Current liabilities
'
$2,650,685 34
ol"
2.426.6C6 79
$54,754 68
291,514 47
346,269 15
Special Renewal Fcnd:
Representing the Investment of Renewal
Fund-
Pay-Rolle
2,385,H19 56
1,995 25
Sundries
U. 8. (Government
Individuals and Companies.
D.
$272,090 99
464,801 30
Vonohers
Dividends OB Preferred Capital Stock
Express Money Orders
Traffic Balances
Accrued Taxes
Acorued Rental of Leased Lines
Impt. Mort. 5% Bonds..
16.51 O 00
G. So RR Co. First Mort. 4% Bonds.... 919.366 63
87,0i
00
G. Gunnison Ry. Co. lstMort.6% Boude
225.560 0.)
G. 80 RR. Co. Capital Stock
217,5(000
G. & 8anta Fe RK. Co. Capital Stock
o
Pueblo U. D. & RK Co. Capital Stock
8,12
Junet.
Ry.
Co.
Capital
Stock.
173, oil 00
R. G.
Rio Grande RR. Co. Capital Stook.
580,000 00
R. G. PatfOBH & n. RR. Co. Capital StockCost to date
85,381 93
Other Securities in Treasury
5,580 00
D.
R.
R.
R.
R.
41
1901
CouponsFlrst Mort.
in transit
Bonds
1
2,707.223 14
LIABILITIES.
$1,272.890 88
349,110 31
Materia h and Supplies
State ami County Warrants
Agents' and Conductors' balances due aud
D.
$107,'. 0,i
$110,509,059 89
ASSETS.
Cash
Pueblo I. I) Slnklny Fond
D. & R. G. RR. Co. First Cons. Mort.
77
4% Bonds...
4% Bonds..
$67,705 00
172,900 00
41.046 41
Total.
281,051 41
$5,077,292
1
3
$5,077,292 13
Total.
STATEMENT OF APPLICATION OF NET INCOME AND RECEIPTS FROM ALL OTHER 80URCES.
From July
Showing par value
of securities sold,
to J one 30, 1901.
and including in expenditures the discount thereon.
12, 1886,
RECEIPTS FROM ALL SOURCES.
EXPENDITURES.
Assets in excess of Liabilities July 12, 1886, from Receiver old company
Reoeived from Reorganization Committee:
Capital Stock, Common
$219,05000
Capital Stook, Preferred
2,034,792 00
Cash
$516,480 20
1,10=, 049 02
o 35Q 891 02
,
Consolidated Mort. 4 p. c. Bonds Issued $6,142,000 00
Improvement Mort. 5 p. o. Bonds Issued. 8,120,000 00
11,262,000 00
2*1,651 41
2,707,223 14
Renewal Fund
Surplus June 30. 1901
$21,126,245 77
Total
United States Steel Corporation.— Strike Waning.— The
company in its contest with the Amalgamated
Association has improved decidedly during the week. The
attempt of the Association toclcse the Duquesne Steel Works
failed utterly, and numerous breaks from the ranks of the
position of the
strikers are reported.
Six mills of the
Demmler
tin plant at
McKeesport were put in operation yesterday. The Star
Works in Pittsburg and the Crescent Works in Cleveland, of
the American Tin Plate Co., are both running nearly full,
and the company expect? to have both plants in full running
order in a few days. At the works of the National Tube Co.
at McKeeeport the machinists, threaders, mo'ders and carpenters have resumed. Material gains have also been made
in the number of men at work at various of the sheet steel,
steel hoop and other plants.
At the same time 6erious dissatisfaction and disagreements
have come to light among those who might naturally be expected to Ride with the managers of the Association.
The
" Labor World " of Pittsburg on Aug. 30 devoted its entire
front page to a demand for the impeachment of President
Shaffer, of the Amalgamated Association, mentioning twentythree grounds of action against him. In Milwaukee also on
Sept. 1 former Vice-President J. D. Hickey, at a meeting of
Construction of Branches
$8,061,914
Betterments - Gross charges thereto
$10,350,467 33
Less Amount provided from Ineome...
1,175,770 26
9,174,697
Equipment, as per Balance Sheet
$1,135,141 12
.Less Amount acquired from the old
oompany
2,735,275 92
1,399,865
Express Equipment
50,000
13,16'
Krai Estate
Balance Current Assets in Excess of Current Liabilities. 2,426,606
45
07
20
00
26
79
$21,126,245 77
Total
the Bayview Lodge, arraigned the Association! officers for
misrepresenting the attitude of the Corporation toward orized labor, and asserted that the strike was practically
lost, as 72 per cent of the mills was working.
On Wednesday a conference was held in this city between
President Schwab, of the United States Steel Corporation,
ion
and Samuel G-ompers, President of the Americao
of Labor
Prof. J. W. Jenks, of the Industrial Commission
At
re.
.John Mitchell, of the United Mine Workers, a
thig conference President Schwab made a proposition which
which
Gompers and Mitchell are said to have at
President Shaffer rejected by telephone from Pittsburg This
:ice
in-! position was that the strike should be termina'
1 r>een
on condition that all those shops which th.
md
able to close and keep closed should become union
ible to
that all shops which the Steel Corporation b
Mr.
keep open and running should be non-r
for
ioon to
Schwab agreed Thursd
the acceptance of these terms till this evens
ay that the offer had
Ic was reported in Pittsburg 3
been again rejected and that the company had ordered the
immediate starting of all idle works regardless of the
I
;
;
-
strikers. -V. 73, p. 418, 394.
THE CHRONICLE.
510
LXXIII.
[Vol..
COTTON.
Friday Night, September
6.
1901.
COMMERCIAL EPITOME.
The Movement of the Chop, as indicated by our telegrams
from the South to-night, Is given below, For the week ending
Friday Night, Sept. 6. 1901.
of business in nearly all lines of trade has
good general demand tor merchandiee
been promising.
has been experienced and at satisfactory pricts. The reports
from the interior advise that prosperity is general. The
partial
failure
of
the corn crop has been offset by
the high prices ruling for the same and the abundant
yield of other grain crops. The steel strike appears to
be fast drawing to a close, indications being tbat the
U. S. Steel Corporation will be able shortly to resume full
operations in their mills. The hardware trade, which has
been hampered by apprehensions of short supplies of material, resulting from the strike, is now in an improved position with business fairly active.
Crop news in the main
has been favorable. The grain crops have made satisfactory
progress and the condition of cotton in the Eastern section of
the cotton belt has been reported improving. This afternoon
an attempt on the life of President McKinley was made.
this evening the total receipts have reaohed 59,215 bales,
against 51,818 bales last week and 17,281 bales the previous
week, making the total reoeipts since the 1st of Sept., 1901,
48,487 bales, against 62,365 bales for the same period of
1900, showing a decrease sinoe Seit, 1, 1901, of 3,878 baleB.
The condition
A
Aug.
Sept. 1,
Slocke of Merchandise.
1901.
Sept. 1,
1900.
bbls.
toe.
Tobaoco, domestic
hb.de.
Coffee, Brazil
Ooffee, other
Coffee, Java, Ao
bags.
bags.
Sugar.
Sugar
Molasses
Hides
Cotton
Kosln
Spirits turpentine
mats.
hhds.
bags, <feo.
hhds.
No.
baleB.
bbls.
bbls.
bbls.
Tar
6,725
11.094
3.3C0
979,134
259,238
121,834
3,045
276,365
None.
60,000
114,495
15,663
1,730
725
1,012
bbls.
bags.
bags.
None.
3,000
17,100
9,600
None.
7,500
bales.
bales.
bales.
None.
10,943
hemp
bbls.
and
1,983
4,000
2,500
None.
4.500
None.
6,093
1,738
71,600
Unseed....
Flour
1,920
264,493
None.
30,600
171,351
16,526
734
bags.
Jatebntta
Manila hemp....
740,137
237,891
129,882
3,100
2,100
Rice, E. I
Bice, domestic
Saltpetre
5,202
7,542
15,603
40S.649
140,480
155,782
None.
None.
None.
29,400
22.637
38,824
2,408
5,765
12,465
3,676
318
saolis
100
5,284
2,786
87.300
Lard on the spot has had only a small sale, demand from
exporters being limited to a few small orders, and refiners
have been slow buyers. Prices have advanced sharply,
closing firm at 9'60c. for prime Western and 885@9c. for
prime City. Refined lard has been firm and higher, but
business has been quiet, closing at 9 85c. for refined for the
Continent. Speculation in lard for future delivery has been
fairly active, and prices have advanced sharply on aggressive
buying by prominent operators. The close was Bteady.
DAIIiT CLOSING PRICES OF LARD PDTORES.
,
Hon.
Holidays.
Bat.
September
Tuet.
Wed.
925
935
Thurt.
960
$15 75@16
!
4-850.
I
I
TKurt.
4,597
6,835
6,420
5,914
.
2,639
2,247
2,t78
456
98
836
68
864
189
27
17
1,428
815
Charleston
782
Pt. Koyal.Ao.
Wilmington....
Wasti'ton.Ae.
Norfolk
N'p't News, 4o.
892
99
312
1,222
243
242
...
552
450
Fri.
Total.
5,437
48
1,198
28
33,252
Boston.........
Ac.
^hlladel'a,
427
883
501
3,833
5,579
2,297
8
535
24
249
56
34
34
1
9
177
692
515
917
457
128
4,015
323
60
800
28
162
16
12
128
1,540
62
60
105
71
406
105
227
8,070
9.738
59,215
94
week 10,728
Tot. this
9,841
48
9,882
47
Baltimore
9,551 11,287
249
The following shows the week's total receipts, the total since
Sept.l, 1901, and the stook to-night, compared with last year.
1901.
Receipts to
Sept. 6.
ialveston,
Thii
week.
1900.
Since Sep.
1, 1901.
33,252
48
few Orleans 9,882
Mobile
427
.
Thii
week.
Stock.
Since Sep.
1,
1901.
1900
29,203
10,531
10,531
48
167
167*
7,243
4,055
1,499
Sab. P., Ac.
1900.
52,339
12,697
4,055
1,499
39,838
6,336
25,333
4,958
22,420
P'saoola.Ao.
883
329
47
Savannah...
Br'wlok.Ao.
5,579
4,151
20,959
20,959
8,535
249
249
537
537
249
537
Jharleaton..
2,297
1,515
2,485
2,485
1,644
1,352
P. Royal. Ao.
Wilmington.
•Vanh'n, Ao.
..
78
7,653
7,653
2,328
11,073
Sorfolk.....
N'port N.,Ac
New York...
4,015
128
1,540
3,703
3,991
2,991
5,892
4,478
128
137
137
5
......
406
105
227
164
105
227
28,501
3,500
106
220
220
114,029
2,500
684
1,423
59,215
48,487
52,365
52.365
235.702
116,536
Fr\.
"hiladel.Ae.
March
5'25o. Aug
5-55o.
Raw sugars have sold slowly and prices have weakened to
3^c. for centrifugal, 96-deg. test, and 3 5-16 for muscovado,
89-deg. test. Refined sugar has been in good demand and
Glucose has weakened
steady at 5'25c. for granulated.
slightly in price. Other staple groceries have been unchanged.
Kentucky tobacco has been in fairly active export demand,
particularly for Hay ti; prices have held steady. Seed ltaf
tobacco has continued to meet with a fairly good demand,
and prices have been well maintained.
Demand for Straits tin has been dull and in response to
weaker foreign advices, coupled with moderate offerings,
prices have declined, closing at 25'35@25'55c. Ingot copper
has been quiet and unchanged at 16}£c. for Lake. The
market for lead has been dull at 437J^cT Spelter has held
steady at 4c. Pig iron has been unchanged and steady at
$13@15 50; some improvement in the demand has been reported in the Western market.
Refined petroleum has been unchanged, closing steady at
7*50c. in bbls., 8-500. in cases and4'95c. in bulk. Naphtha has
been unchanged at 9 05c. Credit balances have been steady
at $1 25. Spirits turpentine has advanced slightly, closing
steady at 36J^@37c.
Rosins have been dull and slightly
easier, closing at $1 37J^@l 40 for common and good strained.
Wool has been quiet, but steady. Hops have sold slowly and
prices have been without changes.
Nov
Wed.
Tutt.
Bransw'k.&c
9-60
|
if on.
4,049
Mobile
Pensaoola, Ac.
Boston
Baltimore
75 for
Pork has been firmer but quiet, closing at
mess. Cut meats have been firmly held. Tallow has advanced, closing firm at h%<s. Cotton seed oil has been firmer
and a fair business has been transacted, closing at 40d)41c.
for prime yellow. Butter in fair demand and steady. Cheese
unchanged. Fresh eg»s in full supply, choice grades firm.
Brazil grades of coffee have had a fair distributing sale,
but there has been an absence of tone to the situation.
Excessive supplies in sight and a continued large crop movement have a depressing influence. The close was steady at
5%c. for Rio No. 7. West India growths have had only a
small sale, but good Cucuta has held steady at 7^c. East India
growths have been selling more freely at lower prices.
There has been only a limited speculation in the market for
contracts; prices have continued to sag under the weight of
The close was
supplies resulting from over-production.
quiet. Following are the closing asked prices:
500c. May
4-70c. Deo
Bept
5-35o.
b-05*. July
«V?5o. Jan.
Oct
550o.
Sat.
Bab. Pass, Ac.
New Orleans.
New York
Pork
Lard
Slaal
1,
1901.
at—
Htctiptt
......
.
Totals
......
.
177
1,297
25
106
25
381
1,306
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Receipt*
at—
1900.
1901.
^alves'n.Ao.
33,300
9,882
New
Orleans
Mobile
Savannah...
427
5,579
2,297
Obas'ton, Ao.
Wilm'ton, Ac
Norfolk
177
1899.
959
2,168
17,764
5,916
5,996
1,143
137
883
3,317
2,745
103
2,128
wk.
59,215
52,365
107,404
since Sept. 1
48,487
52,365
117.225
rot. this
31,907
30,036
40,888
20,701
3,634
23,618
7.094
3,900
4,174
others...
News, Ao.
4.11
29,860
9,671
4,055
1,499
20,959
2,485
7,653
3,991
10,fc98
4,015
128
3,410
N.
1897.
1898.
6,812
1,618
778
1896.
39,753
37,012
3,804
28.057
19,662
10.002
13,207
147
208
1,771
3,080
54,664
96,848
154,786
66.060
117.3S8
216,992
78
for the week ending this evening reach a total
of 57,313 bales, of whioh 26,095 were to Great Britain, 9,243
Below
to France and 21,975 to the rest of the Continent,
*re the exports for the week and since Sept. 1, 1901.
The exports
Week Mndin% Sept. 6 1901
Exported to—
Exports
'rom—
great
France
Brit'n.
14,802
Sab. Past,
<9w Orleans..
Mobile
6,328
1,
1801. to Sept.
6,
1801.
Mxporud to—
23,359
14,902
8,457
......
......
......
.••••
12,532
18,864
6,322
838
garannah
Srantwiok
£t»t.
Conti- lotal
Or *at franc
e
nent. Wtih. Britain.
8,457
Ac
From
Continent.
Zotci
23,358
3,383
8.716
3,465
7,905
1,483
1,483
836
•••/••
,
....
Charleston....
Port Eoyal
......
Wilmington...
Norfolk
N'port N., Ac.
New York
,
3,654
786
7,635
12,075
3,654
3S1
1.S08
381
1,808
21,976
67,313
25,269
6 184
16.174
10,010
381
....
7E6
381
Philadelphia..
4anFran..tto..
26.095
Tits',
U03
...
10/10
9,243
9,243
8.341
42.843
6.184
16.174
September
7,
THE CHRONICLE.
1901.]
511
F0TUKB8.— Highest, lowest and oloslng prices at New York
In addition to above exports, our telegrams to-night alt-o
give ua the following amounts of ootton on shipboard, not
We add similar flguraH for
oleared, at the ports named.
Mew York, whlon are prepared for our special use by Mhhhtp.
Lambert A Barrows. Produop Erohanire Building.
*59
eg
ON SHIPBOARD, ROT OLE AMD FOR —
Sept. 6
Other Von it
GerGreat
Britain Fr'nte many. For'gn vine.
New Orleans
Galveston. ...
1,653
5,066
1,679
1,230
3,064
2,076
600
Bavannah
10,788
10.497
2,400
1,020
29,050
41.S42
8,500
5.550
1,700
2,392
108,479
4,801
35.455
200,247
3,199
10,727
21,128
95,408
395,336
1.020
Mobile
Norfolk
3* 500
York....
4,600
i'.ooo
800
900
Other ports
Total 1901..
10,440
2.909
Total 1900..
Total 1899.
7,803
1'.),SC7
6.820
10,761
9,219
3,306
34,029
75,:<;s4
5,:i89
Btrlot Oood Ordinary
Oood Ordinary
On this basis the
Low
h
Low
Mid. Stained..
Middling Stained
Btrlot
'ifiofl
off
H
on-
l^ofl
a few of the grades for
offlolal prioes for
week — Aug.
UPLANDB.
31 to Sept.
Sat.
Oood Ordinary
6—would be as follows.
Man Taes Wed
W
M
o
o
Middling
A
&
8*
«<
V)
9*3
Oood Middling....,
V
h-i
p
Sat.
Oood Ordinary.
Ittou
o
Middling
E£
P.
Good Middling.
STAINED.
7>«
8»s
89l6
8 78
» B ie
7°16
8>
8*8
M»3 16
93$
Tue« Wed Th. Frl
8*
734
838
8 !:i i«
9ia
9>«
99 16
7"l6
o
85 lfl
&
V]
Middling Fair ..
ie
w
e
—
w
Low Middling..
irt
81,«
8 1*
8 13 16
9«4
16
8 15
,
GULF.
~7 7
7», a
Low Middling
Middling Fair
1
.
liieofl
the past
V)
AvarioH
6,135
62 4
Speculation in cotton for future delivery has been moderately active, and there has been something of an unsettled
tine to the market. At the opening of the week, after the
three days' holiday, prices showed decided weakness. The
Bureau report issued at noon on Tuesday made the average
condition of the crop 71 -4, against 68*2 a year ago. The yield
of the crop just ended was 10,425.141 bales. It was figured by
many of the trade that with the average condition 3-2 better
than at this time last year, and an increase in the acreage of
at least 5 per cent, the probabilities were that the growing
crop will exceed the one just marketed. On this theory
there was considerable selliDg, not only to liquidate long
accounts, but in anticipation of a lower level of values. Reports also were circulated of the fall of needed rain in
CentralTexas, and this, too, had a depressing influence. Contrary to the expectations of many, the course of prices during
the latter part of the week was towards a better basis. Apprehension of a squeeze in the Liverpaol market has bsen an
unsettling factor. The demand for spot ootton has been
fairly good, (the local market particularly feeling this demand,
as it has been on a low basis compared with prices ruling in
the South. In the speculative market shorts have been the
principal buyers at the upturn to prices during the latter
part of the week. To day there was an unsettled market
Stronger foreign advices and shorts covering advanced
prices early, but the improvement was not maintained. The
close was easy at unchanged prices to 6 points decline.
Cotton on the spot has been in fair demand, closing steady at
8%c. for middling uplands.
i he rates on and off. middling, as established Nov. 21, 1900,
by the Revision Committee, at whioh grades other than
middling may be delivered on oontract.are as follows.
Fair
o. lie on Btrlot Oood Mid. Tinged. o. s 18 on
Middling Fair
Even
h on Oood Middling Tinged
i« ofl
•triot Oood Middling
*son Middling Tinged
6 ie on
Sood Middling
Btrlot Low Middling Tinged *sofl
3
Middling Stained
»« ofl
triot Low Middling
i B ofl
Low Middling
I
6,33(>
"so
8.086
I
I
Charleston...
New
E
IB
:
etoek.
Total.
256
25
4.186
2.100
1.8U0
r
1
h
Leaving
at—
»
r.
Sat.
Mod Tues Wed
Holi-
Holi-
7is
8i«
day.
day.
8H
7»ie
8I16
8 78
9 ie
:i
1
988
Tin.
Frl
oiie
7>«
8>e
8>4
8»8
Avanoir
«0«J
I
I
©00
1
I
9
9
-}
I
I
I
I
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1
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1
OO
1
9
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I
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9
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9
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I
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1
6. eh
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OO
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<i<i
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9
03 OJ
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1
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1*1
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^<1
6>o>
** *-
9
•
9
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9
I
«i<i
to
03
I
9
!
00
aa
ca
to*-
•I
©
9
I
-O")
ad)
a
•
&
i2
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to
9
9
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9
I
The Visible supply of Cotton to-night, aa made up by
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
Sept. 6), we add the item of exports from the United States,
Including in it the exports of Friday only,
1899.
1898.
1900.
1901.
Stock at Liverpool
bales. 334,000
209,000 843,000 750,000
Btook at London
10,000
7,000
4,000
7,000
Total Great B rltaln etook . 3 4 1 ,000 219.000
850,000 754,000
Stock at Hamburg
33,000
20,000
18.000
19,000
Stock at Bremen
128.000
62,000
43,000 160,000
Stock at Amsterdam.... ......
2.000
3,000
Stock at Rotterdam
200
800
200
200
Stock at Antwerp
3,000
9.000
3,000
3,000
Stook at Havre
148,000
130,000
60,000
78,000
Stook at Marseilles...
4,000
3,000
3,000
6,000
Stook at Barcelona
52,000
94,000
46,000
65,000
22.000
Stook at Genoa
10,000
26,000
15,000
19,000
Stook at Trieste
6,000
25,000
13,000
Total Continental stocks.. 238,200 209,200
498,200 386.300
Total European stocks
579 200 428,200 1,348.200 1,140,300
India ootton afloat for Europe
37,000
19,000
17.000
41.000
amer.cottonafloatiorE'rope.
70,000
65.000
84 000
30,000
r
23 000
EKypt.Brazll,&o.,aflt.for E pe
10,000
14,000
14,000
Stock in Alexandria,
36,000
39,000
Egypt...
33.000
56,000
"
Stook In Bombay, India."
334,000 250,000 39S.OOO 340.000
Stook In United States ports.. 235.702 116,536 4'0,720
194,950
Stook in U. B. Interior towns. . 125,422
111,133
51,530 254,935
2,824
United States exports to-day.
3,560
1,733
15,277 _
Total visible supply
965,999 2,597.415 1.955,207
1,460,601
Of the above, totals of American and other descriptions are as follows
.
Low Middling
Middling
Btrlot
Low
Middling Tinged...
Oood Middling Tinged
8»8
7
8
8I4
81-2
I
8''i6
8 9 ic
middling upland at New York on
Sept. 6 for eaoh of the past 82 years have been as follows.
The quotations
for
1893. ...0. 8
1885....o.l0i 16
1877....c.lHi6
1892
7*8
llOie
1884
10 7s
1876
813 16 1883
66i a
1891
lOie
1875
140b
12is 16 1874
584
l(i 7e
1890
1882
105a
7i«
12i*
liss
1889.
20 »*
1881
1873
10»«
1888
1880
22%
84a
Il"i6 1872
1887.
10
20%
1214
1871
8U
1879
20>4
1878
6i5ie 1886
1870
12%
9H
Woxb.—On Oct. 1, 1874, grades ol ootton as quoted were ohanged.
According to the new classification Middling was on that day quoted
*bo. lower than Middling of the old classification.
1901. ...0.
1900
1899
1898
1897
1896
1895
1894
8<>8
10i«
MARKET AND
SALES.
FUTDEB8
Spot Mibeit
Closed.
Market
OLO8BD.
8axeb of Spot
A contract.
Ex-
Oon-
Con-
port.
tump.
tract.
total.
American—
Uver pool stook
bales.
Continental stocks
Amerloan afloat for Europe...
United States Stook
United States interior stocks.
United States exports to-day..
Total American
Matt Indian. Bratil, 4c.—
Liverpool stock
244,000
177,000
84,000
235,702
125,422
15,277
881,401
133,000 774,000 672,000
179.000 429,000 325.000
65,000
70,000
30,000
116,536 470,720 194,950
111.133
51.530 254.93.S
2.824
3.560
1.733
511,799 1,997,215 1,375,907
90,000
7.000
Continental stooks
61,200
India afloat for Europe
17,000
Egypt. Brazil, Ac, afloat
14,000
Stook In Alexandria, Egypt...
56,000
Stook In Bombay, India
334.00Q
Total East India, Ao
579,200
Total American
881,401
Total visible supply
i,460.b0i
4-'Middling Upland, Liverpool..
I.
MlddUng Upland, New York..
8=^0.
Egypt Good Brown, Liverpool
6 iRd.
Peruv. Rough Good, Liverpool
7d.
4i3 32 d.
Broaoh Fine, Liverpool
4 1 3 jd.
rinnevelly Good, Liverpool. .
78.000
69,000
76.0O0
4,000
7,000
10,000
61.300
«t\200
30,200
37,000
19,000
41,000
23,000
10.000
14.000
3«,000
36,000
33.000
2*0,000 389.000 3 40.000
454,200 HOODOO 579,300
611.799 1,997,215 1,375.907
965,999 2,597.4 5 1,955,207
Londonstook
:i
Saturday
Monday...
Holl days
Tuesday .
Quiet.
Easy
,.
Wednesday Quiet at % dec Quiet A et'dy
Thursday.. Steady at he ad. Steady
Friday
Q't A et'y, lie ad. Easy
.
Total
300
300
.
881
8,600
406
462
100
600
1,849
4,300
4,481
1,306
462
100
6,349
'
J
6*d.
S9 l9 d.
10180.
6- 18 o.
e^ied.
5^0.
7T, tf d.
5Vt.
53ed.
6 78 d.
3-'
16 d.
3i J6 d.
5i :i ie0-
6^'iad.
3iVL
3-V1-
Continental imports past week have been 51,000 bales.
The above figures indicate an increase In 1901 of 494,602
bales as compared with same date of 1900, a loss of 1,136,814
bales from 1899 and a decline of 494,606 bales from 1898.
THE CH RON CLE
512
[Vol. lxxiii.
J
—
Quotations for Middling Cotton at Otiikk Markets.—
the movement that le the receipts
week and Binoe September 1, the shipments for the Below are closing quotations of middling ootton at Southern
week and the stocks to-night, and the same items for the and other principal cotton markets for each day of the week.
corresponding period of 1900— is set out in detail below.
LOSDia QUOTATIONS FOR MIDDLING COTTON ON—
Werk ending
At the Interior Townb
for the
<
Sept. 6
8alur
Mi, n.
8i« 16
8»8
8>«
Galveston..
New Orleans
Mobile
Savannah...
Charleston
Wilmington.
Norfolk
Boston
Baltimore
.
B«8
B<%
8^8
.
Houston
^cxoeawoosw — ifo-w^n-oooswaj-^aDcxiocx;
ti ic
u.
co ex
~ eo
— *-hWHH
>t.CD~>tOCX^IWao*.<0<Oa:0>-'©fOSXil»CO.viOSCXCX-
-.o
The
w
Eh
MOt»00
n
»O
z",
w
MWr-J
k9
*.©©05(0~J01tOOi«».*-COOb»OC5:x60<».-'<IOOao; KJO00K>^i»lO
ilkOOtOOWOOOOCOM WOOOOVVOO^i tnOO-J^OlO
w
to
#io
~i i».
r- r- Oi
CD ^1 -) CC <0 »J
wto;
"-J
!-•
M O" W
<->
^
W
ex-':
co
O UP CC 00
rf^
-1 U<
*>-co
<cccm
O»J00
cxto,
01
*»•
M CO
w5'
OO!
~j.
^1q
•
">-••
©-I
occi
uo!
<j.
'.
co ex en co e* ex
•
m
CX
-J
J
<J03O
OoVb* N"M
<IC»-)m; OO«0H*>r-O
HCOCOOl
toexo»-ic^'wexMft<o-
;
toweai
.
to c>
H
O; m;
H-b'
©a>;
oex-
ex'
oo'
10;
to;
to mod coco ex!
ex «j ~i ex oo .
;
oi
w a
CX
i-«M«a;
co ob >-<1j ko"bi !
ooiocd*-»;
o oo o ex »o
The aDove
-~i*
:
*.
o *-
co to to
io-
a i* eo
ex
<j
1>-
orifrcoit-"—
coom^.^-0
ocxviro;
>- eo en co es to
-j oo -j
cotyto^aii^w
•
H 06;
w 1>oe"^:
«w! aeoexeoojio:
to^j. ©rcco-jao
;
;
:
:
;
•
M
M
bw
-**
eolo-*
o^**
cxexuoocx
f»
;
f-o>!
-Jto-
i
f
^oooo-jiP-oicooioeooicoexoco^ioioooeo —
ooocoaibscoaoit^otjM^jwootocxtooocoex
totals snow that the interior stocks have deceased during the week 5,618 bales, and are to-night 73,892
bales more than at same period last year. The receipts at all
towns have been 6,356 bales more than same week last year.
Overland Movement for the Week and Since Sept. 1,—
We give below a statement showing the overland movement
for the week and since Sept. 1, as made np from telegraphic
The results for the week ending
reports Friday night.
Sept. 6 and since Sept. 1 in the last two years are as follows.
1900
1901.
September
8&16
8'18
S»n
'Hh"
M^
9
»!4
Atlanta
Charlotte
8
Columbus.Mlss
Euiaula
8%
Little
Columbus. Ga.
7»4
Montgomery...
6.
Week.
Since
Sept.
1.
Week.
Since
Sept.
From Alabama,
83s
5
84
9*4
9
8*4
8»«
B«a
8'«
8>«<»88
8*4
838
8^6
8*4
8 '8
Rock
...
8
Nashville
H
Natchez
7\
Raleigh
Shreveport
8
83b
8*4
83a
83 1 e
telegraphic ad-
1.
is reported from
and Florida there are
Oar Helena correspondent
Mississippi
complaints of shedding and rust.
states that while some crops will average good, others are
very poor and spotted. From Statebarg, South Carolina,
our advices are to the effect that cotton on sandy lands has
ceased growing and is wilting generally, but from Greenwood an improvement is noted. Cotton is opening rapidly
in some districts, especially in the Southwest, and picking is
progressing well.
Galveston, Texas.
5
1
01M
2"
Z*
bcx' oooiooHWMi-'co^'tocobaowecboiboocxto
jq
8S
8
Further decided deterioration in cotton
Oo
co
oo 1
(o oo co to
eo
to ex ex co ex <j>
8"l6
63 16
many sections of the South during the week, and where
rain has fallen the precipitation has as a rule been light.
^"^P^^f
(0«»
01
to
—
O
ox.
8^4
18
8
closing quotations to-day (Friday) at other important
Texas.
CO"
W
WMK)0nl»K);
B«a
8»8
8»4
H»«
8>«
8B«
813 13
8>«
8» 4
8»8
8"
over
w
coco* 1(0
M
<x.
M"
sV
B«8
838
8"
18
h
8»e
8
Fri.
Vices this evening indicate that dry weather has prevailed
HU^O) oo^'V-b' VtsWI^MkaCOkS MXOo'-qCobco"-j"^-'colo(3
^-•Mccioyixi-'cx; ~ioooc>*>-oo^jcccd ** © rcco^icoH'tcooio
^«JOCO«>»SCOmOi OO^-CP^OMOil^OiCC CO *"««») 10 ~JCXW«J©
!_•<]•
8%
Weather Reports by Telegraph.— Oar
5.
moomVj:
to
V — r- oo <i hhoim
eo
<i w^^C7lto<^l-• — ooodm,
oo
tx Oi~J
8
8_»9
8%
.
Athens
W "X l-
(3
.
fe»fl
Thurs.
Southern markets were as follows.
I.
HK3 u n
OO
..
18
8*
8%
8»8
8»8
8^8
80s
8»16
8is 16
8*4
St. Louis....
8"'
'18
8«B*"
8%"
Augusta
Memphis
Cincinnati
Louisville
fe
8<»
Philadelphia
8>s
8_««
8%
..
W'edncs.
Tuei.
— Decided
deterioration of the crop con-
tinues, and it is now generally estimated that the yield per
acre in Texas will not reach even the disastrous results of
1899.
Rain has fallen on six days of the week, the precipitation being two inches and seventy-six hundredth?. The thermometer has averaged 79, ranging from 74 to 84. Month's
rainfall, four inches and seventeen hundredths.
Abilene, Texas.—
have had rain on three days of tha
past week, to the extent of one inch and fifty- two hun-
We
dredths.
ing 79.
The thermometer has ranged from 68 to 90, averagAugust rainfall, seventy- three hundredths of an
inch.
—
Breriham, Texas. There has been rain on one day during
the week, the precipitation reaching fourteen hundredths of
an inch. Average thermometer 85, highest 97, lowest 73.
Month's rainfall fifty-seven hundredths of an inch.
Corpus Christi, Texas.
have had rain on one day of
the week, the precipitation being thirty- two hundredths of
an inch. The thermometer has averaged 80, the highest
being 90 and the lowest 70. August rainfall, two inches and
—We
twenty-two hundredths.
—
Dallas, Texas. The week's rainfall has been fifty- three
hundredths of an inch, on two days. The thermometer
529
529
108 has averaged 83, ranging from 66 to 100. Month's rainfall
Via Paducah
~.~
.
thirty-four hundredths of an inch.
Henrietta, Texas. There has been rain on three days of
881
VlaLouisvihe.... ...... .......
381
166
166
2
2
15
15 the week, to the extent of sixty-seven hundredths of an inch.
682
682
342
342 The thermometer has ranged from 69 to 99, averaging 84.
5,231
3,923
2,889
2,889 Angust rainfall fifty-seven hundredths of an inch.
Deduct ghipmentt—
Lampasas, Texas. Rain has fallen on one day of the week,
2,278
Overland to N. Y., Boston, Ac
1,793
331
831 the rainfall being ten hundredths of an inch.
Average
64
"495
495
506
506 thermometer 85, highest 100, lowest 70. Month's rainfall
six hundredths of an inch.
2,837
2,288
Totalto be deduoted
.837
837
Longview, Texas. We have had rain on one day during
the
week, to the extent of five hundredths of an inch. The
total
net
overland*..
2.394
1,635
Leaving
2,052|
2,052
thermometer has averaged 83, the highest being 99 and the
* Including movement by rail to Canada.
lowest 67. August rainfall sixty-five hundredths of an inch.
The foregoing shows the week's net overland movement
Palestine, Texas.
There has been rain on one day of the
this year has been 2,891 bales, against 2,052 bales for the
past week, the rainfall reaching twenty hundredths of an
week in 1900, and that for the season to date the aggregate net inch. The thermometer has averaged 81, ranging from 68 to
overland exhibits an increase over a year ago of 342 bales
Month's rainfall two inches and seventy- six hundredths.
94.
Huntsville, Texas.— We have had only a trace of rain on
1901.
1900.
In Sight and Spinner »'
one day during the week. August rainfall one inch and
Skipped—
Via
St.
Louis. ..._
— .—
..
3,637
—
2,329
2,258
108
2,258
—
—
—
—
—
Taking t.
Southern consumption
Week.
to Sept. 6..
1.
48,487 52.365
1,635
2,052
29,000 29,000
94,609
79,122 83.417
*3.883
6,903
88,991
90,320
75^239
10,040
Korth'n spinners tak'gs to Sept. 6
Decrease during week.
Movement into sight in previous years.
Week.
1899
1898
1897
1896....
bales. 156,437
91.576
146.301
217,799
Week.
59,215
2,394
33,000
-5,618
Came Into sight during week.
......
Total in sigbt Sept. 6
Since
Sept.
9,601
eleven hundredths.
San Antonio, Texas.—The rainfall reached forty- three hunAverage thermometer 85,
52,365 dredths of an inch on five days.
2,052 highest 98 and lowest 72,
Month's rainfall ninety-six hun29,000 dredths of an inch.
Paris, Texas.— It has been dry all the week. The ther83,417
6,903 mometer has averaged 81, the highest being 98 and the
lowest 63. August rainfall two inches and fifty -five hundredths.
90J320
Taylor, Texas.— Picking is fully half done. The crop in this
9,601 section is the shortest in fifteen years.
New Orleans, Louisiana. There has been rain on three
days during the week, to the extent of sixty-three hune Sept. 1.
dredths of an inch. The thermometer has averaged 83.
170.875
Shreveport, Louisiana.
We have had no rain during the
113,218
i8 6 7l8 week. Average thermometer 81, highest 95, lowest 67. Aug304,175 ust rainfall three inches and seventy-three hundredths.
1.
—
Jft'ii
1899
1898
1897
1896
Since
Sept.
bales.
—
September
7,
THE OHKON1CLK
1901.
Columbus, Mississippi.—There was no rain daring the
week. The thermometer has averaged 77, the highest bi
95 and the lowest 60. Month's rainfall nine inches and nin.
four hundredths.
Leland, Mississippi— Shedding and blight very bad on
sandy lands. Cotton is opening very fast and all hands are
picking.
Vicksburg, Mississippi.— Complaints of rust, shedding, etc.,
continue, bat the crop is doing fairly well. There has be< D
no rain during the week. The thermometer has ranged (row
68 to 92, averaging 80.
Little Rock, Arkansas.— Half of the crop is now open and
There has been local rain on one day
picking is general.
during the week, to the extent of nine hundredths of an inch.
Average thermometer 78, highest 9-1, lowest 62.
Helena, Arkansas.— So much depends upon the date of
frost that it is mere speculation as to the amount of the crop,
but the indications are that it will be short in this section.
Some farmers report good average crops, but others are very
There has
poor and spotted. Cotton is growing rapidly.
been no rain the past week. The thermometer has averaged
August rainfall
75, the highest being 89 and the lowest 60.
nine inches and forty-five hundredths.
I.
Movement from all Pobtb.— The receipts
ootton at Bombay and the shipments from all India ports
for the week ending Sept. B, and for the season from rjept. 1
to Sept. 6 for three years have been au follows:
India Cotton
>f
1901
Receipts at—
Week.
Horn bay
1900.
Since
Week
Sept. 1.
o.ooo
9,000
1
1809.
Since
Sept 1.
000
1,000
For Ike Week.
Sine*
Week.
Sepi.
8,000
1
6,000
Since September
1.
flzporli
from—
Great
Vont\nent.
Britain,
tonibay—
1901
1900
1899
Calcutta—
1901
1900
189*
tfadras—
1901...
Total.
0,000
4,000
2,000
Great
Britain.
Continent.
2,000
4,000
Tota.1
6,000
.
1900
1899
Ill others1901
1900
1899
Memphis, Tennessee— Cotton is opening fast and picking is
4.000
4,000
4,000
There has been no rain during the week. The ther4,000
3.0O0
3 000
8.000
3,000
mometer has averaged 762, ranging from 64 to 88*7. Month's
4.000
4,000
4,000
4,000
rainfall, six inches and seventy-eight hundredths.
Nashville, lennessee.—The weather has been favorable for Total all—
4,000
4,000
4,000
1901....
4,000
growing crops during the week. No rain has fallen. The
9.0O0
7,000
2,000
7,000
2,000
9,000
1900....
thermometer has ranged from 57 to 87, averaging 73. Aug4,000
4,000
4,000
4,000
1899....
ust rainfall, eight inches and twenty-four hundredths.
Aocording to the foregoing, Bombay appears to show an
Mobile, Alabama.—The weather has been clear in the
interior and picking is general. Complaints of rust and increase oompared with last year in the week's reoeipts of
Exports from all India ports record a loss
shedding, however, continue. The week's rainfall has been 8,000 bales.
Average of 5,000 bales during the week and since September 1 show
thirty- five hundredths of an inch, on one day.
thermometer 80, highest 92, lowest 70. August rainfall nine a decrease of 5,000 bales.
inches and seventy seven hundredth?.
Alexandria Receipts and Shipments op Cotton.—
Montgomery, Alabama.—The weather has been favorable. Through arrangements we made with Messrs. Davis,
Picking has commenced quite generally. We have had no Benaohi & Co., of Liverpool and Alexandria, we now
The thermometer has averaged 78, receive a weekly oable of the movements of cotton at
rain the past week.
Month's rainfall six inches and Alexandria, Egypt. The following are the receipts and
ranging from 64 to 91.
ninety-one hundredths.
shipments for the past week and for the corresponding
Selma, Alabama. Farmers complain that the plant is week of the previous two years.
shedding badly, owing to the late storm. Picking is general
Alexandria, Egypt,
in this section and is making rapid progress. There has
1901.
1900
1899.
September 4.
been no rain during the week. The thermometer has
averaged 75, ranging from 61 to 92.
Keoelpts (cantars*
Madison, Florida.— Shedding and rust are generally
9,000
6,000
6,000
6,000
9,000
6,000
complained of. Picking has just begun. We have had rain
on four days of the week, the rainfall being one inch and
Since
Since
TM$ Since
This
week. Sept. 1. week. Sept. 1. week. Sept.l.
eighty hundredths. The thermometer has ranged from 72 to
88, averaging 80.
exports (bales)—
Augvsta, Georgia. Picking is general. It has rained on
3,000
3.000 3,000
3,000
three days of the week, the rainfall being one inch and sixty5,000
8,000 4,000
4,000 6,000
6,000
six hundredths. Average thermometer 77, highest 87, lowest
8,000
8,000 7,000
7,000 6,000
6,000
Month's rainfall eight inches and eixty-eight hun67.
Aoantarls98 pounds.
dredths.
Manchester Market. Our report received by cable
Savannah, Georgia.— We have had rain on three days during the week, to the extent of fifty-nine hundredths. The to-night from Manchester states that the market is quiet for
thermometer has averaged 80, the highest being 91 and the both yarns and shirtings, but that the demand for both yarn
lowest 70. Month's rainfall six inches and forty four hun- and cloth is improving. We give the prices for to-day below
and leave those tor previous weeks of this and last year for
dredths.
Charleston, South Carolina. There has been rain on four comparison.
days during ti:e week, the rainfall being ten hundredths of
1901.
1900.
an inch. The thermometer has averaged 79, the highest
being 90 and the lowest 72.
8*« lbs. Shirt- Oott'n
lbs. Shirt- Oott'n
32s Cop. ings, common Mid. 32s Oop. 8H
ings, common Mxd.
Stateburg, South Carolina.—Cotton on sandy soils has
Twist.
Twist.
io finest.
Uplds
Vplds
to finest.
Even on clay
ceased growing and is wilting generally.
Picking
is
lands little or no improvement is to be noted.
d
d
8.
S. d.
d.
d.
d.
d.
d.
s.
d.
d.
s.
10"* ± 7 16 8
general. There has been light rain on two days during the Aug. 2 6i3 16 »73i 5 2
®8*8 5 3 ©7 7% 57, 6
• 9 6% o7*i 5 l»a»7 101* 4^8
5i9 3 a
a^ »8 7s 5 4 97 9
week, to the extent of eight hundredths of an inch. The
" 16 63i al\ 5 Hfl»7 10i« 41D 32 8
5i9 3 a
aa 7* 5 3ifl»7 9
thermometer has ranged from 64 to 86, averaging 76. August
7
" 23 61o 16 »7 78 5 3 f»8 1
7
4 8 8
®8 78 5 3 »7 8
5"i«
"
7l
3
rainfall, five inches and seventeen hundredths.
523 3 a
30 16 »H
5 4 «8 2
5 s3 8»s «8 8 5 3 »7 10
42T. {3 8*2 09H
gig
5 4 «8 2
5 4^07 It
Greenwood, South Carolina. There has been no rain Sep 6 7i 19 n%
during the week. Cotton improved and picking has comAmocnt in SIGHT.— Supplementary to our Annual Cotton
menced. With favorable seasons will make a good crop.
Crop Report, and at the request of a number of readers, we
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at give below a table showing the aoaaunt of cotton which cam e
3 o'clock Sept. 5, 1901, and Sept. 6, 1900.
in sight during each month of the cotton season 1900-1901.
For purposes of comparison similar results for the three
Sept. 5,01. Sept. 8, '00
preceding years are appended.
Feet.
Feet.
New Orleans...
Above aero of gauge.
44
57
Montht.
1900-1901
1697-98.
Memphis
Above zero of gauge.
1899-1900.
1898-99
97
51
2-3
Nashville
Above zero of gauge.
60
September..
1,069,800
Bhreveport....
Above zero of gauge.
889,521
1,129,766
982,766
20
10
October
6-0
1.-7
Vlohsburg
Above zero of gauge.
2,184,459
2,298,606
1,728,987
19 6
active.
—
) .
.
—
1
—
—
m
—
!
I
Jute Butts, Bagging, Etc.— The market for jute bagging
continued rather quiet during the past week at unchanged
prices, viz.: 6c. for \% lbs. and 6%c. for 2 lbs., standard
Car-load lots of standard orands are quoted at
b., according to qualitv.
Jute nutts also
for paner quality and 2%@2J^c. for bagging
quality.
From Ira A. Kip & Co.'s circular we ascertain thnt
the deliveries of jute butts and rejections at New York and
Boston during August were 1,402 bales against nil for the
same month last year, and since January 1 the deliveries
have reached 241,262 bales, against 236,258 bales in 1900.
The aggregate stock in the hands of importers and specu
lators in New York and Boston on August 31 was nil against
100 at the corresponding date of 1900, and the amount afloat
reaches nil, against nil last year.
November..
December..
January
February ..
March
grades.
Ai.ril
6^@63^c, f. o.
dull at l^@l%c.
May
June
July
August
Additions*
1,757,728
1,736,661
1,621,641
1,359,518
948,542
63-, 894
611,734
480.137
926,233
800,987
564,836
2S2.647
239,000
174,387
205,251
182.270
229,036
832,2.-9
291,203
233,386
225,690
91,897
2,3fS3,009
2,089,594
1,101,499
495,574
632,563
427,475
315,959
201,328
167,259
258,154
t88,403
2,337,112
1,950,210
1,34 2,945
868,483
667,177
334,7; 9
.17.161
163,6'.r<
117,407
152,164
88,353
11.180.960
11.235,483
9.439.559
10,425.141
"Additions" include all corrections m port reoeipts mid overland
made at the olose of the season, as well us the excess in Southern
consumption, as shown by the, actual results. This total Is Inoreased
or decreased by interior town stocks, la the BSason lust olosed there
was au increase in Interior Btooks over the total oi sept. 1, 1900,
and the same was true of 1898-99 and 1897-98. In 1899-1900 a heavy
decrease occurred.
t Deductions.
Total orop
"
THE CHKONICLE.
514
kk —
Cotton Prom mon, Distribution and Ma
we
which
Our annual Cotton Crop and Spinners' Report,
-
i
have prepared eo many years, we give to day In a special
SUPPLEMENT, enclosed herewith to each of our subecnbers.
A V hardly need speak of its merits, for they are well known
and acknowledged the world over.
The Report covers, as ubuhI (1) Our elaborate compilation of the yield of cotton in the United States for the year
ending August 81, 19 '1
(2) an exhaustive history of the
cotton-spinning industry of the United States for the same
year ( <) a similar review of the production of cotton goods
in Europe (4) complete and detailed statements for a long
series of years of the consumption of cotton and the production of cotton goods by the mills of the United States, Great
Britain, the Continent, and a briefer notice of the consumption and production of every other minor manufacturing
State (5) elaborate compilations of cotton supply and distri
bution, besides divers other matters conneoted with and
throwing light upon the yield and uses of the staple, past,
present and prospective.
Special interest will be felt in the European section of the
report when we state that the portion of it which relates to
spinners' doings in Great Britain and on the Continent has
been prepared by our Manchester correspondent. He has
given a very clear account of the course and results of cotton
manufacture during 19lK)-01 in every important European
State, and the prospects for cotton consumption in those
countries the coming year. No one is better equipped than
he is for that work and we are confident tb.it planters and
spinners will find a study of his facts and opinions not only
a pleasure but decidedly helpful.
The Agricultural Department's Report for Sept. 1.
The Agricultural Department's report on cotton for September 1 (August 24) is given below:
:
;
;
;
;
;
The monthly report of the Statistician of the Department of Agriculture shows the average condition of cotton on August 24 to have been
71 4, as compared with 77-2 on the twenty-fifth of the preceding
month, 68-2 on Sept. 1, 1900, 685 on Sept. 1, 1899, and a ten-year
average of 74 9
There was an impairment of condition during August amounting to
18 points in Texas, 10 in Oklahoma, 8 in Arkansas, 7 in Alabama, 4 in
Virginia, 2 in Louisiana, and 1 point in North Carolina and Florida.
On the other hand, there was an improvement daring the month in
Georgia, South Carolina. Tennessee, Indian Territory and Missouri,
amounting to 3, 5, 3, 1 and 4 points, respectively. In Mississippi
there was no appreciable change in condition.
A condition below the ten -year average is reported in a majority of
the States, the deficiency being 15 points In Texas and Arkansas, 6 In
North Carolina, 3 in Tennessee and Virginia and 1 In Alabama and
Florida. In Oklahoma the oondition is 10 points below the average of
the five years and in Missouri 6 points below the average of the eight
years for whton statistics are available. On the other hand, the conditions in Georgia, Mississippi, South Carolina and Louisiana are 4,
13, 6 and 4 points above their respective ten-year averages, and in
Indian Territory 1 point above the average for five years.
As compared with Sept. 1, 1900. conditions at the close of August
were less favorable in Texas, Arkansas and Oklahoma to the extent of
21,4 and 10 points, respectively, and were more favorable to the
extent of 28 points in Mississippi, 20 in South Carolina, 12 in Georgia,
11 in Alabama and Missouri, 10 in Louisiana, 9 in Tennessee and Virginia, 8 in North Carolina, 7 in Florida and 4 in Indian Territory.
-
The averages of condition in the different States are reported as follows:
Virginia
82 Alabama
75 Tennessee
73
72 Mississippi
North Carolina
88 Missouri
75
80 Oklahoma
South Carolina
CO Louisiana
68
Georgia
81 Texas
56 Indian Territory.. 76
Florida
78 Arkansas
61
That the reader may have for comparison the condition,
according to the Agricultural Department, for September 1
for a series of years, we give the following, collated from its
reports:
States.
No. Carolina
So. Carolina
Georgia ....
Florida
Alabama
rapidly,
picking progressing slowly, though considerable being
marketed.
Mississippi.— Kxc.pt in middle counties week was generally favorable for all crops; much cotton Is rotting on ground, that standing is
damaged by rust and shedding, com plaint of blight general in extreme
south, picking general, except in northern counties.
Louisiana.— Showery week, with excessive local rains southeast
and northwest portions; cotton below average, rust and shedding
reported from many localities, bolls rotting in Mississippi bottom,
picking has commenced in nearly all sections, and with favorable
weather will soon become general.
Texas.— Temperature above normal, with unusually high extremes
good rains portion Gulf coast andvalleys of lower Brazos and Colorado;
drought mostly unbroken central-southern and southwestern portions, where streams are drying up and wells falling; early cotton
continued to open and is being rapidly picked, with poor yields; late
ootton greatly deteriorated and in critical state, with complaints of
shedding and rust.
ARKAN8A8.-Hot days, cool nights, unevenly distributed rainfall;
cotton fair to good in places, in others being damaged by rust, shedding
badly, picking progressing, mach opened prematurely.
Tennessee.— Generally fair since first of week ana favorable for
growth and development of late orops; ootton Injured by exoess of
rain and rust, picking becoming general in western counties.
;
Oklahoma and Indian Territories —Cotton, owing
heat,
to extreme
opened prematurely and was greatly damaged, pioking In
general progress.
Missouri.— Warm week, with only light, scattered showers cotton
doing fairly well, pioking commenced.
These reports on cotton are summarized by the Department as follows:
Another generally unfavorable week for ootton. Continued oom
plaints of rust and shedding are received from the greater portion of
the eastern and central sections of the cotton belt, while Arkansas
and Oklahoma report Injury from premature opening. In Texas the
early ootton continues to open and Is belug rapidly pioked, but the
late crop is greatly deteriorated and in a oritical state, with complaints of rust and shedding. Pioking, while retarded in Georgia and
portions of Florida, Is In progress in nearly all seotlons, and with
favorable weather will soon be general.
;
—
Shipping jnews. As shown on a previous page, the
experts of ootton from the United States the past week have
reached 57,313 bales, The shipments In detail, as made up
from mail and telegraphic returns, are as follows:
_
New _
York—_
To
Total bait i.
Liverpool, per steamers Georgic, 2,285....
Phlladelphlan, 204
Suevlc, 1,144
3,633
To Hull, per steamer Martello, 21
21
To
To
To
To
Havre, per steamer La Champagne, 786
786
Bremen, per steamer Grosser Kurfurst, 4,170
4,170
Hamburg, per steamer Patricia, 1,265
1,265
Genoa, per steamers Georgia, 350....Trave, 1,177
Trojan Prlnoe, 475
2,002
To Naples, per steamer Georgia, 198
198
New Orleans -To Liverpool— Sept. 6— Steamers Barrister,
3,200; Nicaraguan, 8,072
6,272
To London— Sept. 5— Steamer Cayo Blanco, 50
50
To Bremen-Aug. 31 -Steamer Lord Roberts, 2.971
2,971
To Hamburg -Sept. 5- Steamer Nicomedia, 1,105
1,108
To Rotterdam— Sept. 3—Steamer Dunraven, 200
500
To Antwerp— Sept. 3— Steamer Madeline. 200
200
To Baroelona-Aug. 30— Steamer Conde Wllfredo, 2,799
Aug. 31— Steamer Puerto Rico, 3,369. ..8ept. 3— Steamer
Otanez, 1,588
7,756
Galveston—To Liverpool— Aug. 31— Steamer Irada, 14,902... 14,902
To Havre— Sept. 4— Steamer Monomoy, 8,457
8,457
Pbnsacola—To Liverpool— Aug. 30— Steamer Ida. 836
836
Boston—To Liverpool— Aug. 30—Steamer Sagamore, 381
381
Baltimore— To Bremen— Sept. 4— Steamer Gera, 1,483
1,483
To Hamburg— Aug. 30—Steamer Belgia, 325
325
_
57,813
of the foregoing shipments, arranged in
form, are as follows.
Great French Ger- ^-Oth.R'ropc— Mexico,
Brit'n. ports, many. North. South.
Ac. Japan. Total.
3,654
786 5,435
2,200
12,075
6,332
4,076
700 7,756
18,854
14,902 8,457
23,359
836
836
381
381
Total
The particulars
our usual
New York.
N. Orleans
Galveston.
Pensaooia.
—
Boston
Baltimore
..
.
Mississippi..
Louisiana
Texas
Arkansas ...
Tennessee
.
.
Missouri
Indian Ter..
Oklahoma
.
—
o
05
©
o
03
r-l
i^
82
72
80
81
78
75
88
80
56
61
73
75
76
J!
03
01
00
iH
73
64
60
69
87
73
66
69
71
77
76
78
74
61
62
76
64
60
70
77
65
64
68
72
78
8ft
53
60
TO
o>
00
iH
91
84
81
80
73
80
7s
76
75
89
95
94
98
90
CO
ci
00
t>
T.
00
,H
i«
CD
00
iH
H
90
95
84
80
86
80
81
80
70
70
71
7H
72
66
61
70
77
77
81
93
95
60
62
fiO
61
81
«*
01
au
tH
84 100
78 88
82 86
76 84
89 82
71
86
75 85
70 91
56 84
78 89
75 84
CO
M
r*
01
oo
rH
01
00
iH
a
©
01
00
00
•H
r-l
93
76
63
77
85
78
78
81
63
80
66
77
76
78
79
77
79
63
72
72
76
81
82
88
83
83
85
82
86
84
81
79
79
93
95
87
86
94
84
87
93
77
89
94
60
65
798 78-3 642 70-8 85-9 734 "6-8 82-7 85-5
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
Average... 71-4
682
68-5
—
Sept. 2:
North Carolina.—Weather conditions
western portion, where heavy rains
fell
;
slightly improved, except in
ootton good growth, but thin
and shedding.
South Carolina.- Exoess o' moisture in most counties, heavy rains
in some sunshine deficient and temperature slightly below normal
cotton shedding and rusting in places, growing too much to weed and
[Vol. LXXIII.
1.8o8
Total..„ 26,095
9,243 11.319
Cotton freights at
;
700 9,956
New York
57,313
the past
week have been
as follows.
Satur.
Mon.
luet.
Wtdnet.
a
a
10
21
25
20
28
21
10
21
25
20
28
21
18
18
Llverp., to Sp.l7.e,
Havre
c,
1
Bremen, Aug....e.
•
Hamburg
Amsterdam
t
c
i
a
W
e
e
c
Rotterdam
Antwerp
c.
W
...e.
Ghent, v.Antw'p.e.
Reval, v.Br-Hame
Do
Do
Genoa,
241*
32
28
82
28
....
....
•
v. Hnll...c.
v. St. Pet.e.
Aug
241*
4
I
I
•
a
•
Thun.
10
21
25
20
28
21
18
24 1*
82
38
fri.
10
21
25
20
23
21
18
241*
32
28
....
17-22^4 17-221* 17-221* 17-22 >4
Trieste
c,
28
28
28
28
Quotations are oents per 100 lbs. or fractions of a penny per lb.
c
•
Liverpool.— By cable from Liverpool we have the follow
ing statement of the week's sales, stooks, &o., at that port,
Aug. 16
;
not fruiting well; crops in river bottoms destroyed in many plaoes.
Georgia.— Generally unfavorable week; rainfall exoesslve in numerous counties; temperature slightly below normal; cotton continues to
suffer from rust, shedding, rotting of bolls, and boll worms, picking
delayed, movement of new crop slow, general condition of the crop
considerably below average.
Florida.—Continued rains portions northern and western sections
further damaged cotton and retarded pioking, complaints of shedding
and rust less general, staple opening freely.
Alabama.— Nearly normal warmth; generally defloient moisture
though copious to excessive in some east central portions cotton
deteriorating, rust quite damaging, some rot and shedding, opening
1,803
Sales of the
week
bales.
exporters took...
Of which
Of whloh speculators took.
Sales American
Aotual export
Forwarded
Total stock— Estimated
Of whloh Amerioan—Est'd.
Total Import of the
week
Of whloh American.
Amount afloat
Of whloh Amerioan
,
46,000
4,300
1,700
41,000
5,000
49,000
489,000
371,000
31,000
24,000
44,000
34,000
Aug. 23
42,000
2,600
1,600
36,000
12,000
44,000
446,000
335,000
15,000
12,000
30,000
24,000
Aug. 30.
43,000
2,100
1,000
34,000
5,000
56,000
396,000
294,000
11,000
8,000
28,000
18,000
Sept. 6.
38,000
1,700
3,800
32,000
6,000
46,000
334,000
244,000
20,000
14,000
36,000
28,000
September
1901.
7,
THE CHKONICLE.
|
The tone of the Liverpool market for spots and future*
and the dally oloslng
eaoh day of the week ending Sept.
prloes of *pot cotton, have been an follows.
Market, I
18:80 p. u.\
Mid. Upl'ds.
8r.no.
Moderate
demand.
Easier.
4-« 33
5
5
Easier.
Moderate
Firmer.
deniund.
4*
4-' 5
Quiet and
Drill.
In elev
Dm delivery in
elev
May
sa
6,000
8,000
7.000
8,000
6.0O0
500
500
500
500
600
500
Market
(
opened.
)
Busy at
O ni .-t
2-04 decline.
1
at
04 advance.
Quiet at
Easy at
2-04 deollne.
0-04 deollne.
Easy at
Market,
(
4F.K.
\
Quiet
Quiet.
Steady
at
8K01OKP.
6@ri pts.
decline.
decline.
Qnlet at
04 de.
Firm at
cllue.
Tante.
1
Steady at
2H066 pts.
Ml
.•tnrc.
Sept. delivery In elev
n. delivery In elev
Msy deUvery In elev
5-04
iirt-
Quiet at
4
pt~.
advance.
of futures at Liverpool for eaoh day are given
Prloes are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
The prices are given in pence and tilths. Thut : 3 63 means
The prloes
ry
and 4
01
meant 4 l-64d\
Sat.
Aug. 31.
13%
p.
.
d
-
IQon.
Toes.
Wed.
Triors.
Frl.
Sept. 3
Sept. 3.
Sept. 4.
Sept. 5.
Sept. 6.
d.
d
d.
d.
d.
d.
d.
d.
d.
d.
1
.
1.
4 37 4 36
4 24 4 25
4 18 4 19
4 13 4 16
4 14 4
4
4
4
4
15 4
15 4
15 4
15 4
15 4
41
27
21
18
17
17
17
17
17
4
4
4
4
4
4
4
4 46
4 33
4 26
4 23
4 22
4 22
4 22
4 18 4 22
4 18 4 22
41
28
22
19
18
18
18
in
62%
634
OHTCAOOt
Tuet.
Wett.
Holidays.
Thurt.
54%
56^
51 '1
56^,
.'•5%
*~t.
5" 7 8
68 7a
the undertone holding steady. The crop movement has continned fairly full and a development that may have its influence against the market has been a general decline in
Locally the spot market has held about
prices for mill feed.
steady, but business has been quiet. Today there was a
quiet and easier market. At the clone it was learned that
moderately large export sales had been made dnring the
week in the local spot market.
DAILY CLOSING PRICES OF OATS IN
VOIIK.
Pri.
Sat.
Tuet.
Wed. Thurt.
Mon.
38,4»
381*
38
38
NO. 3 mixed In elev
Wnllrlava
uonaays.
4Ql4
40
In elev
4(J
4 45
4 32
4 26
4 23
^^
So. 2 white
DAILY CLOSING PRICES OF NO. 2 MIXED OATS
Tuet.
SaL
Mon.
33
Sept. delivery In elev
Holidays.
35
Dec. delivery In elev
May delivery
Ana
s. fiA
-Sent
8ept.,L.M.C. 4 52 4524 53 451 4 47 4 ifi
Oot.,0. O.C. 4 34 4 34 4 35 4 34 4 32 431
Oot.-Nov.... 4 28 4 28:4 29 4 27 4 25 4 25
Nov.-Deo . 4 25 4 25 4 25 4 24 4 22 4 21
4 24 4 24 4 24 4 23 4 22 4 V!l
Deo.- Jan
Jan.-Feb... 4 24 4 24(4 24 4 23 4 21 4 20
Feb.-Moh.. 4 24 4 24 4 24 4 23 4 21 4 20
Moh-Apr. 4 24 4 24 4 24 4 23 421 4 20
^m
62%
NEW
12i« 4
124 4 124 4
1 124 44 124 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
Hon.
81
57%
59 7„
58%
Oats for future delivery at the Western market have been
Only fractional changes have been made in prices,
quiet.
below,
3 63-64a\.
%
03%
Sat.
1
Futuret.
61
delivery
DAILY CLOSING PRIOIS OF NO. 2 MIXED CO
3,000
Ami).
easier market under more r»ggr6MlT6 selling by the regular
The spot market was
traders. Crop news was unchanged.
The sales for export here and at outporta
Hlightly easier.
were 1C0.000 bushels.
DAILY OLOHINO PRICES OP HO. 2 MIXED OOHN IN
Turt.
Sat.
Mon.
Thurt.
*V4.
Wed.
62%
62 4
Oaeh oorn f. o. b
63 \
63 4
61
Holidays.
til
Kept, delivery In elev....
68%
'4
61
NEW YOUK.
SaCday. Monday. Tuesday. Wed' day. Thurtd'y Friduy.
Spot.
15
37%
In elev
Rye has been
quiet and slightly easier,
IN
^
CHICAGO.
Wed.
Thurt.
Fri,
32 7a
33%
35%
33%
35%
37%
34%
87%
37%-
Barley has bten
dull.
Following are the closing quotations:
4 22
FLOUR.
20
©2
35
Patent, winter.. ..$3 50 ©3 90
$2
4 14 4
City mills, patent. 3 95 ©4 30
2 35 ©2 50
4 Ifi 4
4 22
3 60 ©2 60
Ryenoor.Bupernne 2 85 ©3 55
4 22
4 23 4 21 4 20 4 15 4
Buckwheat floor
3 70 ©2 80
o
Oorn meal3 85 93 25
Western, etc
3 25 ©3 70
3 10 ©3 20
3 70 ©4 45
Brandy wine
3 30
flour
prloes
below
barrels.)
(Wheat
in sacks sells at
those for
GRAIN.
o
Corn, per bush.—
Wheat, per buen.—
o.
e.
Friday, Sept. 6, 1901,
HardDulnth,No.l 81%®834
Western mixed.
61 ©634
7
N'thern Dal., No.l 74 8»76%
No. 3 mixed
61%«634
Early in the week a fair volume of business was transacted
Western yellow
61%©63%
Red winter, No. 3 754»76 78
7
5
in the market for wheat flour, particularly spring patents.
625846438
Hard N. Y. No. 2. 74 8®76 i
Western white
Oats— Mlx'd, p. bash. 884940
Bye, per bushMills lowered their limits 5 points, and at the decline they
55 «E8
White
Western
39%»43
56 ©57
No. 2 mixed
38 ©39
State and Jersey
Winter-wheat flours have shown
sold some fairly good lines.
No. 2 white
Barley—Western
614 »7U
40 ©41
Daring the latter part of the week
no decided changes.
Feeding
53 ©57
prices for wheat advanced and this had a strengthening influGovernment Weekly Grain Report.— Mr. James Berry,
ence upon the market for flours. Rye flour has had a fair Chief of the Climate and Crop Division of the 0". S.
Weather Bureau, made public on Tuesday the telegraphic
sale in jobbing lots and at steady prices. Corn meal has
reports on the grain crops in the various States for the week
been quiet, but prices have held about steady.
ending Sept. 2 as follows:
Speculation in wheat for future delivery has been on a
Weather.— While the weather conditions of the week ending
September 2. 1901, have been generally favorable lu a majority of
moderate scale only. After the three days' holiday the districts,
heavy rains (in some places excessive) have lDjured crops
market opened with a slightly easier undertone. European and retarded work in portions of the South Atlantic, ana Gulf States,
and dry, hot weather has been unfavorable in the Missouri and upper
cable advices were tame, reporting slightly easier markets
Mississippi valleys and on the North Pacific ooast. Extreme heat and
drought in localities of Oklahoma and Texas have also been very detand there was a lull in the export demand. Added to this rimental
to crops.
Cool weather has retarded the maturing and
were bear it h statistical developments. The visible supply drying of fruit in California, and light frosts oocurred In Nevada.
—
Corn. Late corn
to show improvement, although It was
showed a considerable increase, and the crop movement was injured by drought continues
and heat in portions of Kansas; has suffered
running fairly full, particularly of spring wheat. During further decline in Missouri, and needs rain in Nebraska In Iowa oorn
is maturing rapidly, and the cutting of early planted is general in all
the week, however, there developed a better under- sections of tills State, and Missouri, and the more northerly sections,
and is progressing rapidly in Kansas. Further improvement In late
tone, and on Wednesday afternoon and Thursday prices corn is reported from the Ohio Valley, but it has suffered lrjury by
floods
on lowlands In Tennessee. Reports indicate that the bulk of
made a fairly sharp recovery from the bottom prices
late oorn will be safe from Injury from frost by September 15
touched. The feature was a considerable improvement in the
to 20, but that some very late fields will require until Ootober 1 to
the export demand, and this brought shorts into the market fully mature the crop.
Spring Wheat.— Spring wheat thrashing continues with generally
as moderate buyers to cover their contracts. The fact that
the deliveries on contract were promptly taken up also had satisfactory yields, exoept In North Dakota, where they are light and
of poor quality, the berry being shrunken and bleached.
a steadying influence upon values. Business for the week in
The movement of breadstuffs to market as indicated in the
the spot market has been fairly active; prices have followed
futures. To-day there was an easier market under weaker statements below is prepared by us from figures collected
advices from the Northwest. The spot market was fairly by the New York Produce Exchange. The reoeipts at
Western lake and river ports for the week ending Aug. 31,
active. The sales for export here and outports were 350,000
and since Aug. 1, for eaoh of the last three years have been:
bushels.
DAILY CLOSING PRICES OF NO. 8 BED WHITER IN
YORK.
itttiptt «tflarlivFlour.
Corn.
Oat*.
Whtat.
Fri.
Bat.
Hon.
Tuet.
Wed. Thurt.
76 7g
Cash wheat 1. o. b
76%
773a
768s
Btf 60|bi.
Buih.tSlb!
Bu*h.32lbi
Bblt.\mibi
Buth.eoibt
Buih.neibi
Holidays.
75
74 7a
Sept. delivery In elev
754
754
383.850
37.980
],348,0r3
1,025.226
1.773.240
148.653
76 78
Deo. deUvery In elev
76%
77%
76 7a
67.000
818,260
28,800
201.600
62.076
178,600
79% Mtlwaukae..
May deuvery In elev
79%
79 78
804
105.622
19,743
714
16.878
120,000
883,087
DAILY CLOSING PRICES OF NO. 3 SPRING IN CHICAGO.
70.960
487,030
35,680
304.210
sllnnaapolli
2,037,280
.,
Fri.
Sat.
Hon.
Tuet.
Wed. Thurt.
92.8C9
428.010
130.034
910
829,605
6858
68%
Bept delivery In elev
68 78
69%
Holidays.
61.91-0
714
165.834
Deo. delivery In elev
71
71%
58,101
0.000
713a
May delivery In elev
74% :iavaland
74 78
75
753a
169.008
180.309
46.710
18,877
19,044
3.000
834.4C0
808,800
7S.8.358
43.110
Indian corn futures have received a moderate amount of it. Lonli
10.400
4400
faorla
527,000
ltVMOO
65.2(0
10,880
been
there
has
Blight
prices.
a
improvement
in
attention and
160,760
91,200
812,800
There have been no new developments in the general lansas City.
1,102,873
situation. The improved prospects for the crop have been
3.685.980
8,065,661
T0t.wk.I901
6,470.820
404.776
410,348
81.188
4.711.719
2,994,203
maintained, weather conditions for the week being reported iame wk.'OO.
7,177.383
376.801
t>U'.72*
119337
6.370.284
4.761,800
4 .9 13 .£05
430,200
as generally favorable. The "Cincinnati Price Current'* 3aua wk.fm
says that corn is maintaining its promise of 1,400,000,000 itun A til. 1.
8,644.519 1,737,771
8,092.701 82,*-39,014 13.300,861 22,452.109
bushels. The strengthening feature of the market has been 1801
1,873 341
UBJM
n.TwS.oo'i
1,818.877 33.810.4:1 18,21
the absence of aggressive selling and scattered buying by 1900
5-i;,80K
L78MM
1809
8,114.748 20.340.781 20.504.874 84.670.071
very
shorts to cover their outstanding contracts. Only a
The receipts of flour and grain at the seaboard porta for
moderate amount of business has been transacted iu the
spot market and prices have advanced. To-day there was an tne week ended Aug. 81, 1901, follow:
4 14 4
4 22
4 22
BREADSTUFFS.
Fine
3aperflne
Extra, No. 3
Extra, No. 1
Clears
Straights
Patent, spring
>
NEW
.
.
.
.
1
M'>l|
iVi«u;,
Usw York
Hsw
...
'
Orlenni*.
ai.oBo
sui.oa
&(i.00t»
064,7: Z
43 664
11
8.176
lt.STO
077 000
18.000
I7.7J4
180,8*5
Newport N»wi
1,082
8,200
10.7H0
i
l.fl
17.012
1,812
18
A- 14,864
'
COO
8.474
•M.4B0
ijsliaitori
88,584
Portland. M«....
waoi.
444,1
08,708
16.300
MH.473 1.06A&12
[8,068
."
20,214
Dd6 UIO 2 4U6HHJ 1 '.'.0.865 HMml»J
Wssk
Total receipts at porta from Jan. 1 to Aug. 31 compare as
followB for four years:
Rfce Ivt* of-
obis. H.610.470
11,0110,186
14.011,1(09
,bush,107,n7W,464
91,244.181
«3,217,04W
77,7,0
129.91 ,894
FKrur..!
WlKMl
Corn..
12), flJ,17«
6 ,17 1,491
6i.Htl9,0H7
OlltK
Uurley
"
Total srnln
660
271
65,-89,1 -9
3,00t,«l7
9,14 1,W!9
276 497 191
295.703879
7,il»9,V!64
4. 'OH
B,7B<
1,776,209
4,286.
247870 172
the several seaboard ports for
shown in the annexed statement
biuh.
517.868
611.194
Boiton
Portland. Ms.
Philadelphia..
flewr
Uorti,
iVntat
I'Ull.
18,*-8S
bl,i$.
02.407
63.043
416 914
33,620
828 2-4
826.H84
Hew
600,112
'
48,742
28,098
2.869
17,000
688 487
8.890,094
80,748
8,869
*
80,958
22,sl-!
America.
C.
*3.wjo
6.804
West Indie.
Br.N.Am
Colo's
"l
Other oonntnei
m.,, Bl
Total 1900
'.'.'.'
...
56,450
47,100
12649
Wh*mt.
81.
buift.
1,487,034
2.460,010
8,0CO
62.100
week and
/rn.——
1
Slntt 8$9t
1, 1900
iuth.
69.463.956
67,330.948
87 650
140
497,601
since
*««» Slntt Stet,
Aug. 81
.1906.
u»rt.
fcut/i.
619,428 76 929,0 7
69,880 76.068.110
14,000 1,237.785
84,074 1,120.075
8.120
241.350
840.466
1,812
638.187 155.026,873
8.890,094 137,380.283
1,764,242 88.917.0:11 8,991.873 195,626,501
The visible supply of grain, comprising ttie stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Aug. 31, 1901, was as follows:
(FAME,
0»rr».
buth.
389.000
20,000
114,000
buth.
initona.-
awDoYorkafloat
8.9*3.'
25,000
639.0V,.,
Boiton
605,00c
Philadelphia
Baltimore
'
MS&ffiS
708.00C
NawOrlean.
Galreiton
Montreal
Toronto
087.0OC
BWIaloT:.
*»8,000
Do
Toledo
Do
!«-•*•,:,
afloat
766*0
siiriv'
828,00i
W
Do afloat
afloat
Do
Milwaukee
afloat
Do
4.697, J0t
Okloago
Duluth
Do
..
270,'6o0
1,883,0<K)
Peoria
Indlanapolli
On MiiiiMippi KlTer
OnLaken
On canal and
rlTer.
Ane.
Au«.
81. 1901.
24. 1001.
Sept. 1 1000.
2 1899.
Sept.
Sept.
8,
1898.
89.0C(
89V.0UI
60, 'Of
851.001'
66,000
62, ..C
i.060
7487666
607,676
li'3'660
469,000
953
887.000
78,666
7.878
90,000
203,
0)1
tt&olo
25, W
•
2,000
4,000
"3.666
1,500,000
856,001
1 000
SOl'.OOO
17,666
16.00C
632,000
474,000
811.06c
26,ui u
40,00!!
4,484,000
8.662.00C
8.000
469,000
493,000
211,009
1,083,000
774.000
295
107,000
264.90b
7,000
42 004
2.04Jt
afloat
Kaniaf City
Total
Total
Total
Total
Total
«8.0.0
617,001
afloat
Minneapolis
Bt Lonli
...
56S.00G
14,000
22,000
1,075.000
481.000
1,468.000
211,000
277790,009
26 007,000
60,286 000
84,871 000
7,147,090
12,676.000
12,205 000
8,813,000
6.738.000
16,864,000
J.
8,889
23,259
2>70
The value of the New York exports for tne year to date
has been $7,952,882 in 1901, against $10,591,606 in 1900.
There has been a limited amount of business for export in
brown cottons, and the home demand has been moderate
only. Sellers have adhered steadily to previous prices for both
spots and forward contracts. In bleached cottons also prices
are firm in all grades, but no further advances have been
reported. The demand has been fair. Wide sheetings have
sold quietly at previous prices, with only a limited business
reported in cotton flannels and blankets. The market for
denims is well sold up, and prices are firm. Ticks, plaids,
and cheviots also are in generally good condition. Dacks are
quietly steady. Kid-finished cambrics and other cotton linings quiet. la prints there is a steady demand for staples,
which are generally scarce and quite firm in price. Fancy
calicoes are quietly steady. There has been no change in
ginghams. Fine cotton wash fabrics for spring are selling
well.
A moderate business has been done in print cloths,
which contiaue firm on the basis of 2%c. for regulars.
Foreign Dry Goods,— There has been an improved demand tor fine dress goods, chiefly in novelties, tiilks and
ribbons are firm, but business quiet. Linens continue firm,
with an average demand. Burlaps sell slowly and prices
favor buyers.
Importations and Warehouse Withdrawals of Dry Goods
a
B
a
s
a
S
S
s
rs
S^
M
C g2ic?|S
O "to
q to o
76
2.00C
.
of greater confidence to
6.8 '4.000
9.253,004)
6.0M6.000
4,239.000
528 000
668 000
become conservative again
quite bare of
many
3
0>«0
M
817,000
649 OOt
914.0O"
2c0
'.0
M
OH
tO
•
>-i
.
•
•
•
•
e>
!
»
!t
"
.
i
•-»
o
•
<
.
1
•
J
so far as
spring trade. The
weights, with con-
"r-
COCO
COO!
00
low
01
W
*
|f.
^
|fk
ec
cctaococo
*«0 Wfi-'
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from buyers of slow drliveries interfering with fall business in garments. In light-weights the
business done in most staple lines has been satisfactory up to
siderable complaint
p;
?!
There has not, however,
were concerned.
been any weakening on the part of sellers, and although
there are but few indications ot a hardening tendency at the
moment, previous prices have been maintained. Staple cottons are still on a low-price basis relatively to raw cotton
and there is no inducement to sellers to accept present prices
for forward contracts where they are already more or less
sold ahead, and many of them are in that condition. It
seems as though the market were likely to be a waiting one
for the next few weeks. In the jobbing trade a good business has been done here and elsewhere.
Woolen Goods.—There has been only a limited amount
of new business coming forward this week in woolens and
fall or
lines of fall
:
s!ii;s
*
staple cottons
worsteds for men's wear, either for
o
B
;
*
g:
n
115.000
30,000
1,480,000
1.068,000
7 69,000
« |-'o 5
act
B
New York, Friday, P. M., Sspt 6, 1901.
There has been a considerable volume of business done this
week, but part of it has been on account of orders placed
previously, and the new demand coming forward has hardly
been as good as last week. The holiday on Monday interrupted trade and the severe break in cotton prices on Tuesday evidently caused some buyers who were showing signs
is
243.689
185,144
?
267,000
246,000
6.901,000
174
THE DRY GOODS TRADE.
market
1,986
6,385
1
1
ias'obV
PLWlll'm* Pt.Arthur
Do
itt.ru y
bUti).
2.
afloat
Detroit
81,'oM
88.0C0
37,001
jf'Jfsi
14.001,
19.210
2,214
8.253
29,536
6,187
""87
Total
4",782
Wtik
396.910 16,730,680
803,380 16,688.282
722
78
105
492
152
1,337
....
Aug.
2,«40,2Oi
1,074,418
1,103,760
108,1 el
813,424
3,300
55
Other Countries. .
•!• •»•»•
25.714
,—
-flour,
1,561
1.265
140 445
Weit Indies
18.900
800.910
363.8S6
Wetk Sinte 8tyt.
Bxtorttf ot
1,1900.
Wttk and line. Aug. 81
obit.
bait.
fleet. 1 to—
United Kinudom 256.709 11,596,073
16
15
406
ijouth America...
••<•*•
Week. Since Jan.
3,507
1,001
472
38
30
880
t*ItW»
il
Arabia.....
\frioa
1.
160
26
71,265
2,892
30,885
6,649
14,982
1,342
5,168
40,530
6,923
1.
600
612,51:
Same time '00.. 1,754,242 3.091,873
exports
for the
these
of
destination
The
Sept. 1, 1900, is as below :
B.
:>uth.
2,901
28,723
180,200
6.6 28
41.148
21.380
3,474
Norfolk
Newo-rt Newi 29l,«64
**'<*}£
Montreal
aal Tenon..... 438 200
Continent.
BurUt
685
Baltimore
orleaui..
Pie*.
buth
•
Other Buropean
Uhlna...
8.118
r-8.884
1BOO
1901.
Skit. 2
Week. Since Jan.
31, 1901, are
Maporltfrom
»•* York
.
Nbw York to
the week
The export* from
ending Aug.
Total week
73,2-16,752
148.li
168
3,18»,1A8
267 748 140
12,7;
i
tn« present time, und should supplementary buying prove at
the latter end of the spring season 18 likely to fehow
inadequate supplies of these also. The tone lor staples is
firm and Fellers have no difli u'ty in maintaioinK prices.
Light- weight soft finished fancies have done well in most
inatatjc.8, and are al-io firm in pric^, bat the heavier weights
in hard finishes have frequently proved disappointing, and
there Is some irregularity to he eeeo in prices. S-ttuwsand
doeskin jeans are qui it, and no change can be reported in the
market for overcoating* and cloakings. Woolen and worsted
dress goodB are in moderate request for spriag at slightly
essier prices than last season.
Domestic Cotton (Aoods. Tc o exports of cotton goods
trom this port for the week ending Sept. 2 were 6,385
packages, valued at 1277,277, their destination being to the
points specified in the tables below:
—
1898.
1899.
1900.
18 91.
.
[Vol. LXXIII.
nil liberal
10,726
800
37.4.6
3,80«
i<)
24,712
f)K. WJ
Norfolk..
Tot:,
614. ft
8HB.700
6M» 100
HI. 710
176 »47
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Mon'roivi
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September
1901.
7,
TIIK (IIliOMCLF,
|
33£f/^Tivr£ivT,
Bote.
4>*
lain..
4
518.. Howling
•y (Mloh )8oh.
Blan
The Investors' Supplement
will be furnished without
extra charge to every annual subscriber of theCoiiiiKu
i
and Financial Chronicle.
The State and City Supplement
i
.
Chronicle.
The QuoTATiONSuPPLEMENT.issued monthly, will
also be
furnished without extra charge to every subscriber of the
Chronicle.
Chronicle with the four Supplements
above named are Ten Dollars per year within the United
States and Thirteen Dollars in Europe, which in both cases
for the
includes postage.
Advertising— (Per Inch Space.)
5
5
3-15
Muhm
lokllne,
4
4
6
5
459. .Cadillac. .Mich
5is..Oalla (Cai) Boh. out..
356. .Canaan (<» Turnpike..
.Canton, Ohio
459.. Carthage, O. (IOIhmh-h)
408..Ouzenovla (N. Y.)
Diet
MUNICIPAL BOND SALES IN AUGUST.
municipal bonds put out during the
of August 1901 has never been exceeded by
any August of previous years with but one exception.
Our records give $15,244,830 as the aggregate of such
bonds placed on the market, as against $13,739,295 in
July 1901 and $7,112,834 in August 1900. The average for August of the previous nine years is a little
total of
over $7,900,000.
Though the aggregate of bonds disposed of has been
very large, the market has nevertheless been quiet and
tlim
19
l
1929
1921
190 1909
1902 1! 09
191
>
1
19(
1902-1 '.'06
4
1902 1916
902-1011
L
4
4
4
5
Boh. Dist
Y
518..Conoord,N.
3*u
3**
H
5i8..Corlnlh, N. Y
304. .Coehooton, Ohio
356.. Coshocton (Ohio) Soh.
Dist
3*<}
356 Cuyahoga Falls, Ohio
4tO..Deerereek Twp. (Ohio)
5
. .
.
1902-1910
1 1906- J 931
1190r-1931
1921
11911-1921
1923-1925
1906-1908
]<>,<>( ()
10,000
25
too
.
101
i02992
10,1
15000 100
25/ 00
29,715
45,000
12.30(1
30.
101114
24,000
10189
44.0'lu
100
4
1904-1916
1902-1911
25,000
6,500
102
8/ 00
2.000
25,000
27,000
109-90
3»s
3*a
1903-1910
1921
1926
1902-1928
6
1903-1916
7,000
31,
The number
the number of
on page 459.
bonds and
separate issues made during August,
were
164
and
205, respectively.
Thi3 contrasts
1901,
with 167 and 206 for July, 1901, and with 159 and 188
for August, 1900.
In the following table we give the prices which were
of municipalities emitting
issued by 141 municipalities.
amount of $14,318,830
The aggregate of sales
which no price has been reported is $926,000, and
In
the total bond sales for the month $15,244,830.
the case of each loan reference is made to the page of
the Chronicle where a full account of sale is given.
for
August Bond Sales.
Location.
Page.
356. . Albany, G*
459. .Albert City
Rate.
(la.)
Maturity.
25,000 ;ioo
1902-1907
1902-1931
1,000
21,O<0
102-80
102-726
6
4
6
U906-1921
1902-1906
*1906
6,000
60,000
12,500
100-25
101-551
107-84
6
1902-1911
1902-1921
1916
1,500
35.000
30,000
106-873
104-533
101-033
6
Dist
304.. Gardner, Mass
460.. Gettysburg Twp.,
3*2
Price.
357. .Grand Rapids, Mich...
304..GrantOo Ind
460..Gr«y Summit
,
(Mo.)
Sch.Dist
407. .Green Bay, Wis
304.. Grenada Co.. Miss
519. .Grimes Co., Texas
519. Grouse Pointe, Mich
407.. Halifax Co., N. C
4(0.. Hamilton, Ohio
407. .Hendricks, Minn
4oO..Hillsboro, N. Dak
4
—
4*2
4
U9C6-1921
4
5
1931
4
5
5
1902-1913
1921
1911-1921
4
1902-1909
4
U911-1931
3^
4
4^
4
1921
1911-1918
1921
1902-1907
tl921- 931
1909-1913
4Jfl
1
5
3*3
1921-1921
)
Mountain View (Cal.)
8ch Dist
520. .Mt. Vernon. N. Y
520..Nephi City, Utah
408. .Newark, Ohio
305 Newburgh, N. Y
459. . Albuquerque. N. Mex..
356. .Ashland Co., Wis
518. .Baker City. Ore
356. .Bay City, Mich.
303. .Beaumont, Texas (2 issu.p)
459. .Big Stone Co., Minn....
5%
100
1,995
165,000
8.000
12.000
8,000
10170
107-125
125,000 102-27
8,000 102 188
4,000 101-35
3.0C0 102 50
100,000 101-06
10,(00 103-15
64,0.
20,000 1102
500
1911
19021911
4,000
5
1902-1907
19(6-1809
•1922
2 ,000
4
tl9)61926
1902-1906
3*9
12,500
55.000
130,500
15,000
75,000
6,000
10,000
1902 1906
1904
U911-1921
1903 1911
1902-1921
1C 02-1903
00
8,000
25
15,000
30,000
3*2
1911-1921
22,000
4^
1904-1919
1911
1910-1949
1902- 1926
1903-1911
1902-1925
5,000
2,000
120,000
200,000
9.00
1909
1921
1906-1930
10,(
10'
4
3*3
6
5
5
5
1
•23,0
8,<
i
<>
6,000
3c>7..
New
4 61.. New
Castle,
Pa
Hartford
Sch.Dist
New Holand
520.
(111.)
Soh.
Minn
.
.
fi20..Oakhill(O.) 8ch. Dint
461.. Oceano (Cal.) Sch.Dist.
461. .Ohio University
408. Omaha, Neb
408..Oneonta, N Y
.
(N.
1,500
7P,<
(N. Y.)
305..NewRochelle, N. Y....
'253.. Northampton, Mass
408. North PlHiuhvirl, N.J.
461..0neonta
3*3
4
Dist
461. .New London,
6
4
5
4
Y.)
5 1*
3*3
3*2
4
4
6
5
4
3-3
1SJ08
I
12,1
5
4
40. ..Phi aiielphia. Pa
3»3
3*2
4
306..Plattsburg. N. Y
306..rontiao. 'Mich
461. .Port Haron, Mioh. (2
461. .Portsmouth, Ohio
5
1902-1904
1924-18
1806-1921
1931
1904-1931
00
37,500
Soh.
Dist. No. 11
408. .Orange. N. J
461. .Paris. Mo
1,-00
2<
103
109 50
105-005
101-31
101
10'2
102 541
00
1903-1912
1908-1911
100
4
49,500
100064
Dist
S06.. Redwood Falls, Minu..
409. .Renville Co., Minn
409.. Richland Co., Ohio
409. .Ridgefiela Park, N.J. .
5
20,0'
198
1911
1902-1911
6,000
50.000
520..8aoo.Me
3*4
ly02-1921
1921
45,000
15.000
4
10'2'54
107-15
10S
103-319
101
101-256
66,000
6
115,000 106 956
30.000 100 60
101-21
80.
30/.
Dist. No, 3
462..Redlands (Cal.) Sehool
U921-1941
1921
100
1911
1902-1921
1911
100
5
10177
4
4
6
2,500
50,000
25,000
IOt 08
102-27
100 284
1906
1902-1921
1921
1904-1906
100
19191928
4*3
5
4
102-80
101
100-25
Ore
520..Ravilll (Mont) School
5
100533
:i02 265
101-7U.i-90
111-70
101-312
:ioo
55,000
50,000
100
J97
10.V0U
.
9,00
$-'5,000
4
1(375
105 235
104-148
10'.'
9.
1931
'<l ..Portland,
100
KiO
10<-26
11,2
20,000 100
1906-192
1902-1911
ltOB-1916
19(6-1915
1921
1904-1911
1903-1908
4
107
K'l-99
100-537
100
6
4
3
5
107-20
9,500
5,500
4
Soh.
Dist
10402
10310
10103
8.
Dak
520.
7
101-50
104-251
102-75
100
4
isBUes)
Amount.
104-717
9,867
59,800
14,000
8,515
4,800
8,6< o
10,000
4*3
4*4
.
paid for August loans to the
9850
104-079
102-281
2\00O 1025
)
cle August
104-75
1911
1921
1921
1902-1911
1905-1907
1902-1911
1902-1911
1902-1911
4
.
be found in the Chroxi-
103-172
10880
5
—
de! ails will
o
HO'89
400,000
School
(Cal.)
.
The
si
40, ()(/()
12,000
4
without feature. Philadelphia's nine millions go a
long way towards making up the month's total. This
city on August 19 was able to find takers for its water
bonds as 3£ per cents, after the attempt to market 3
304.. Hillsdale (Mich.) Soh.
per cents had failed. The basis of the sale was 3*487
Dist. No. 1
460..Hopkinsville, Ky
per cent a rate higher than any which the city has 460..Hornell8Ville, N. Y
357. .Huron. O. (2 Issues).--had to pay in recent years.
407. Jamestown, N. Dak
407..Jetterson Co Ohio
The adjustment of the finances of the city of Aus- 407. .Johnstown. Pa
519..LawrenoeCo., Ohio
tin, Texas, seems to have at last taken tangible shape. 408.. Lewis and Clarke Co,
viont
This city suffered severely in April 1900 by disastrous 461. .Lincoln
Co. (Wash 8.
Dist. No. 117
floods, which destroyed the Austin dam, the water
519. .Linden (Cal )8eh. Dist.
Logan Co., Ohio
works, electric- light and power houses, to build which 357..
357..LoganCo.,Ohio
Diet...
the bulk of the city's outstanding debt was incurred. 305. Lorain (O Soh.Pa
408..LycomlntcCo.,
Since the flood the payment of interest on these bonds '20..Manetie,d, O. (4 issues).
3^7.. Marquette, Mich
has been in arrears. A special committee of the city 408..Maryvllle, Mo
3 5 7.. Mercer Co., Ohio
has recently been in conference with the bondholders' 461. .Milwaukee Co.. Wis...
520. .Montpelier, Ohio
committee to arrange for an adjustment of the debt 305. .Morris, Minn
461.. Morton, Minn
and a conclusion satisfactory to both parties has been 4 61.. Mountain Lake, Minn..
reached.
100-04
108
*1910
3*s
4
3*3
Y
.
101-375
loo
105
10.0
5
6
5
Sch.Dist;
304.. Elk City. Kan
407..Elmlra, N. Y
519..Eliuir», N. Y
304..Entleld (N. C) School
Diet
356..Escanaba (Mich.) Soh.
Diet
304. .Fall Kiver, Mass
519..Fostoria, O. (5 issues)..
252. Franklin, N. EC
304..Fredonla, N.
400. .Fulton Co , Ind
519. .Gallon, Ohio
519. .Gabon, Ohio
519..Galllpolis, Ohio
356..Gardena
00
J-J
1(10
100
22,
.
4>*
5
4
459. .Chester Twp.. N J
n;o..01aik8burg,\V. V.i
;>(U.. Cleveland, Ohio
407..Coeur o'Alene (Idaho)
304..Cohoes, N.
101
:j
1903 1906
4>u
Y
Co., N.
Pr.
,
Sell.
Dint. No. 10.
..Chemung
An,
l:.16
191
1913
406..Cnauute (Kan.) School
.
Tr ansient matter (each tlme)$4 20 ThreeMonths (13tlmeB).$2900
(26tlmes). 5000
STANDING BUSINESS 0VRD8.
Six Months
Two Months (8 times)
$22 00 TwelveMonths(52 times). 8700
The
month
k
406..Hnrlingioii. N. J
'251
of
i).
i
will albo be furnished
without e.vtrachargeto every subscriber of the Chroncii
The Street Railway Supplement will likewise be furnished without extra charge to every subscriber of the
Terms
n.
k.
459..Brl*tol, Va,
i
TERMS
•
'
TERMS OF SUBSCRIPTION.
Mut<ir\ty.
Locution.
rage.
Siwre *wa City
517
5
5
1
5,000
,000
1"2-571
102 10
106
104-707
100-333
100
105^-3
102-777
106-175
THE CHRONICLK.
.18
Page
Pt.
Loeatton.
LouIh, Mich
DM Lake, N.
3oH..
V
BOB. s«niiiH(i Lkkei N Y
358.. Hai.lt St«v Miii i.i. Mich.
858. Bobeneotady, N. Y...
410. Boheneotady, N. Y..
52
1
Maturity.
1021
190H 1030
Rate.
4
8»«
3H,
4
4
1931
l?>,fl00
5
5
1911
1919
1902-1903
20.000
10,000
6,600
G
1911
2,390
31*
.
Stark CO., Ohio
410. Simmilt (S. Drtk.) Soh.
521
DIM
30G.. Svraouse, N. Y. (4
TltUHvillel,
19021021
19021921
3>*
3»«
4
1916
1902-1911
11911-1921
1926
J1911-1915
1916
I
1902 1907
1902-1911
190S-1912
1902 1931
1931
*1906
1911
4
3*
3*
Pa
411. Trenton, N. J
358.. Troy, N. Y
3>s
411.. Union Co., Ohio
522.. Union Co., Ohio
411.. Upper Sandusky, Ohio.
255.. Utlca, N. Y
463. Wake Co.. N. C
308.. Wapakoneta, Ohio...
350.. Watertown, Maes...
369.. Watervllle. Me
359.. Wayne Twp, (N.J.)8 oh!
Dlst
411.. Weatherford, Okla..
522.. West
Conshohocken
(Pa.) Son. Dlst
411.. Woodsfleld, Ohio....
359.. Worcester, Mass. (2 is-
6
R
5
4
5
4
3»u
.
Wyandot
Co.,
Ohio
308.. Youngstown, Ohio..
308.. Youngstown, Ohio..
308.. Youngstown, Ohio (2
issues)
463.. Youngstown, Ohio..
522.. Youngstown, Ohio..
522.. Youngstown, Ohio (4
522. Youngstown, Ohio.
...
144,000
25,000
73,000
20,000
6,000
20,000
125,000
10,000
3,000
10,000
30,000
100
100
mu<?t
100-84
no 109
101-31
119
101-53
103-34
101-915
101-40
107
00 101-681
102-21
30,000
10,000
105576
4
5
1903-1911
1921-1938
1,200
15,000
118-77
103
250,000 106-80
37,000 100967
100,000 105-511
5
1902 1921
1902-1904
5
S
1902-1904
1902-1906
5
19011905
6.275
10,000
104-35
102-76
5
1903-1907
1902-1906
S3.010
1,200
105-24
300 10208
102
104083
Total bond sales for August 1901
$15,244,830
Average of dates of maturity, t Subject to call In and after the
earlier year and mature in the later year. §Not including $1,392,000
of temporary loans reported and which do not belong in the list;
also does not include $770,249 of Canadian loans reported,
Taken
by sinking fund as an investment.
And other considerations.
li
1
Chronicle
bond
sales
Aug. 3, 1901, page 250, a
amounting to $13,639,295
of
list
will
be found. Since the publication of that statement
we have received the following additional reports.
additional July Bond Sales.
Page.
Location.
Sate.
303.. Bottineau Co., N. Dak. 5
356.. Bricelyn, Minn
5
304..Celina, Ohio
4
30i.. Del Monte (Cal.) Soh.
Dlst
6
804 Eldridge (la.) Soh. Dlst. 6
Maturity.
1921
1911
Amount. Price.
$25,000
106-60
1923-1932
1,500
25,000
104-20
6
4
1910-1919
1904-1913
6,010
2,000
10.000
10,500
101619
5
1902 1921
20,000
104-63
. .
3 57.. Green wood, I nd
305.. Marion (111.) Son. Diet.
305.. Monterey (Cal.) School
Dist
Total additional sales for July
1020S6
103-816
104-35
114-21
$100,000
These additional loans will make the total sales
(not including temporary loans) as reported for July
1901 amount to $13,739,295.
Alabama.— Constitutional
Convention.
divisions.
Bond Proposals and Negotiations
week have been
as follows
23,
proposals.
official notice of this
Chronicle Aug.
24, p. 406.
among
—
Berlin, Wis.— Bonds Voted. The proposition to issue the
$20,000 %%$, school-house bonds described in the Chronicle
Aug. 24 was submitted to the people on Aug. 27 and carried
by a vote of 577 for to 115 against.
Bloomsburg (Pa.) Literary Institute and State Normal
Bond 0£ering. — Proposals will be received until 12
m., September 20, by C. W, Miller, Chairman of the Finance
Committee of the Bloomsburg Literary Institute and State
Normal School of the Sixth District of Pennsylvania, for
School.
$48,000 4% first mortgage bonds. Sixteen bonds were in denomination of $500 and forty of $1,000 each, all dated July 1,
Interest will be payable semi-annually (free from all
1901.
Wyoming Valley Trust Co., Wilkesbarre, TrusPrincipal will mature July 1, 1931, subject to call
July 1, 1911. The above bonds are issued by approval of the
State Attorney- General and by virtue of an Act of the State
taxes) at the
Laws
22, 1901,
and known as Chapter
190,
of 1931.
bond offering will be found among
Department.
Bowling Green, Ohio.— Bond Sale.— On August 27 the
$40,003 4% street-aseessment bonds were awarded to the First
National Bank of Bowling Green at 101 38. For description
of bonds see Chronicle Aug. 10, p. 803.
Bradner, Ohio.— Bond Offering.— Proposals will be received until 1 p. m., September 28, by H. C. Ahlf, Village
The
official
notice of this
the advertisements elsewhere in this
Clerk, for $13,500 5% electric light bonds. Securities are in
denomination of $1,000 (except one bond which is for $500),
all dated Aug. 28. 1901.
Interest will be payable semi-annually. Principal will mature on September 1 as follows :
$500 in 1903 and $1,000 in the years 1905, 1907, 1909, 1911,
1912, 1913, 1914, 1915. 1917, 1918, 1919, 1920 and 1921.
Accrued interest is to be paid by purchaser. Either money or
a certified check for $400 must accompany proposals. Bonds
are issued pursuant to Section 2835 and 2837 of the Revised
Statutes of Ohio.
are adButler (Pa.) School District.— Bond Issue.—
vised by John Findley, Chairman of the Finance Committee, that it looks at this writing as though all tbe $42,000 refunding bonds, mention of which was made in the Chronicle June 29, will be taken by the holders of the old bonds
in exchange. The new securities are to bear 3% interest and
will mature in thirty years, subject to call after fifteen
years.
Caldwell, Ohio. Bond Election. An election will be held
September 14 to vote on the question of issuing $5,000 electric-light-plant bonds.
Calla School District, San Joaquin County, Cal. Bond
Sale.
On August 24 an issue of $1,600 6$ 1-8 year (serial)
school bonds was awarded to Mrs. Eliza Middlecoff of Stockton at 103 25. Securities are in denomination of $200.
loan of $3,500 has
Camden, N. J.— Loan Authorized.
been authorized by the City Council for water purposes.
Chester Township, Burlington County, N. J.— ttids.— Following are the bids received August 27 for the $45,000 4% 530-year (optional) sewer bonds
We
—
—The
Constitutional Convention has concluded its labors in revising the
Constitution of the State of Alabama, and the new instrument is now ready for submission to a vote of the people
for adoption. Article XI and XII of the new document is of
particular interest to dealers and investors of municipal
bonds, in that they contain important provisions relative to
taxation and indebtedness of the State and of its several
minor
The
Assembly approved May
*
Id the
September
tees.
Total (141 municipalities, oovering 182
separate Issues)
$14,318,830
Aggregate of sales for which no price has
been reported (23 municipalities, covering 23 separate issues)
926,000
of July
accompany
m.,
Bafcer City, Ore.— Bond Sale.— On August 31 the $20,000
20 year water bonds were awarded to F. S. Lack of Baker
City at par for 5 per cents. For description of bonds see
105*73
10967
103-256
107
5
12
104 63
14,0(0
450
until
bond offering will be found
the advertisements elsewhere in this Department.
4,900
15,000
1931
received
104-31
102-97
103-55
1921
4
4
A.— Bond Offering.— Proposals
103109
100
100625
16\000 100-25
18,'
Atlantic City, N.
will be
by A. M. Heston, City
Comptroller, for $70,000 4% gold coupon water bonds. Securities are in denomination of $1,000, dated Jnly 1, 1901.
Interest will be payable semi-annually at the Hanover National Bank, New York City.
Principal will mature July 1,
1931.
The legality of these bonds his been approved by
Messrs. Dillon & Hubbard of New York City. Accrued interest must be paid by purchaser.
Either $1,500 cash or a
certified check for $1,500, payable to the City Comptroller,
5
6
3i«
522
I'rite.
102-508
100
18-
358.. Syraoimo. N. Y
462. Tlllln. Ohio
522. TltiiHVllle. Pa
522
12,000
50,000
12.500
120,000
11,904
.*
19OR-1030
1921
1004
4
410.
Anion hi.
[Vol. LXXJII.
—
—A
:
this
Bioren & Co., Ph lladelphia...
:
Akron, Ohio.— Bond Offering.— At 10 a. m. September 21
the following coupon bonds will be offered at public eale bv
Cbas. H. Isbell, City Clerk
:
$ 9,000 5* 1-3 year (serial) sewer bonds. In denomination of 11, 000.
700 556 sewer bonds. In denomination of *l0o and maturing »200 in one vear
$200 in two rears and $30u in three years.
26,600 h% lo year refunding bonds, all of which are in denomination of $1000
except one bond, which is ior 1600.
Bonds are dated Sept. 21, 1901. Interest will be payable
semi-annually at the National Park Bank, New York City.
Alliance, Ohio.— Bonds Authorized.—The City Council
has authorized the following bonds
:
12,000 4% l-5-year (serial) North Linden Ave. bonds, in denomination of $400
1,000 4% 1-5-year (serial) alley bonds, in denomination of 1200.
500 1% l-6.year (serial) North liberty Ave. bonds, in denomination of $100
1.C00 4% 1-5-year (serial) South Seneca Ave bonds, in denomination of $200
2,o00 4% 1-6-year (serial) alley bonds, in denomination of $5U0.
Securities are all dated Oct. 15, 1901, and the interest will
be payable semi annually at the office of the City Treasurer.
The amount of bonds to be iesued mav be reduced if any assessments are paid in cash before bonds are sold.
(
For all ... 1 01-81
Cor part.. 10 26
.
-
(
Union Nat. Bank, Mount Holly.
..102-51
(Ior$5,00J)
C.
R. Williams
&
Jno D. Everitt &
Co., Pbila
Co., N. Y
101-00
....100-59
Burlington Co. Safe Deposit
Trust Co., Moorestown
s
100-222
As stated last week, Bioren & Co., Philadelphia, were
awarded the bonds.
Columbus, Ohio. Loan Authorized. — The Mayor and Director of Public improvements have been authorized to borrow $50,000 for the street maintaining department.
Concord, N. H.— Bond Sale.— On August 26 an issue of
Sons, BosRollins
$24,000 %%,1 bonds was awarded to E
ton, at 101-89. Securities mature $8,000 yearly on April 1
from 1906 to 1908, inclusive.
Corinth, N. Y.— Bond Sale- On August 31 the $44,000 5-26-
H
&
year (serial) water bonds were awarded to J. H. DeRidder,
Saratoga Springs, on a basis of '6%<t, interest. The other bids
received were as follows
O'Conner & Kabler, X. Y
M. A. Stein. New York
R. Kleybolte
& Co., N. Y
:
$44,429 00
44,31200
44,305 00
W.
J. Hayes & Sons, Cleve.. .$44,000 00
44,000 00
W. Harris & Co.. X. Y
44,000 00
Dunn Water Supply Co
N.
For description of bonds see Chronicle Aug.
17, p. 356
September
7,
THE CHRONICLE.
1901.]
Dau bury, Conn. Bond Offering.— Proposals will be received until 8 i*. M., September 25, by Cbas. H. Piex, Major,
for $215,000 "&%% city bonds. Securities are in denomination
of #1,000, dated Oct. 1, 1901. Interest will be payable semi-
New
annually in
1941.
A certified
Yoik
Principal will mature Oct.
City.
1,
check for #2,500 must accompany proposals.
notice of tliis bond offering will be found aim mg
the advertisements elsewhere in this Department.
The
official
DeSoto(Kan.) School District.— Description of Bonds —
The school-house bonds mentioned in the Chronicle August
24 will aggregate #2,000 and will carry interest at the rate of
They will be in denomination ot
5%, payable semi annually.
#500, maturing one bond yearly on July 1 from 1913 to 1916,
The date for the sale of these bonds has not yet
been set.
Dickson, Ttnn.— Bond Election.— An election will be held
September 24 to vote on the question of issuing $35,000 water
and electric- light bonds.
Kliiiini, N. Y.— Bond Sale.
On August 30 an issue of $27,000 %%% 127-year (serial) refunding bonds was awarded to
Thompson, Ttnney & Crawford of New York City at 102 281.
Following are the bids
Thompson, Tenney 4 Crawford,
O'Conner 4 Kahler, New York.101'807
108-5581 Jno. U. Everltt 4 Co.. N. Y
New York
101*50
W.J.Hayes 4 Sons. Cleve
N. W. Harris 4 Co.. Chicago.... 102-27
lClfcO
101-28
101-40
M. A. Stein. New York.
George M. Hahn. New York
inclusive.
—
:
I
I
Securities are dated Sept.
1,
1901.
—
Elora, Ont.— Debenture OfftHng. Proposals will be received until September 9 by W. A. Petrie, Village Clerk, for
debentures, issued in aid of the Bissell Mfg. Co.
#5,000
Securities are dated Sept. 1, 1901, and will mature $500
yearly, beginning Dec. 31, 1902. Interest will be payable an-
H
nually.
Fostoria, Ohio.— Bond! Sate.— On August 30 the five issues
of 4% 20-year refunding bonds, aggregating $9,867, were
awarded to the New First National Bank of Columbus at
101 "50.
Following are the bids
New 1st Nat. Bank,Colunibus.$10,016 00
4 Mayer. Cincin. 10.000 67
Seasongood
P. S. Briggs
W.
*
4 Co.. Clncin..
. .
I.amprecht Bros. Co., Cleve..
J.
Hayes 4 Sons,
$9,967 00
9,96607
Cleve... •O.Se? 00
Less $100 for printing bonds and other Incidental expenses.
For
full description of
bonds see Chronicle, Aug.
Hillsborough County, Ha.—Bonl Election,— An electl
be held October 8 to vote on the question of
will
.
000 A% 30 year ruad bonds.
Hobokei), N. J.— Bond Offering.— This city will
or
on September 25 an intue of $196,000 BJfJ 30 year re-
fundiDg bondH.
H)de Park, Ohio.— Bond Offering. Proposals will be reived until 12 M., September HO, by Frank Lewis, Village
Clerk, at the office of F. H. Kinney, Room 110, 519 Main
i
24. p, 407.
4y% %
4%%
Street. Cincinnati, lor $2,323 29
1-10-jear ntreet
*»•*.
Securities are dated Sept. 10, 1901.
bonds
Intel
will be payable annually at tbe Franklin Bank of Cinciunati.
Loomed interest is to b« paid by purchaser. A certii
check tor2% of bonds must accompany proposals. Theamount
of bonds to be issued may be reduced if any assessments are
rueiit
paid in cash.
ludiauapolis, Ind. Temporary Loan.— This city has borrowed temporarily from J. F. Wilde & Co., Indianapolis, the
sum of #40,000 at '6% interest. The firm paid $1 premium for
the loan.
lrviugton, Westchester County, N. \.—Bond Offering.—
Proposals will be received until 8 p. m., September 17, by
T. W. Crisfield, Clerk of the Board of Trustees, for $12,000
town-hall bonds. Securities are in denomination of $1,000,
dated Oct. 1, 1901. Interest will be payable January 1 and
July 1 at the Tarrytown National Bank of Tarry town, N. Y.
Principal will mature $1,000 yearly on July 1 from 1906 to
These bonds are sold under the provisions
1917, inclusive.
of Section 129 of the Village Law, known as Chapter 21 of
the General Laws, which provides that the bonds shall be
sold to the person who will take them at the lowest rate of
A certifit d check for 1056 of the par value of the
interest.
bonds bid for, payable to Henry H. Cannon, Village Presi-
must accompany
dent,
proposals.
Pa.— Bond Offering.— Proposals will be received until 8 p. m.. September 11, by S. D.
Lauffer, Borough Secretary, for $50,000 4%% street-improvement bonds. Securities are in denomination of $500. Interest will be payable semi annually at the First National Bank
of Irwin. Principal will mature yearly on August 15 as folIrwin, Westmoreland County,
lows
:
Tear, Am- un
1911. ...$10,600
1,600
1912.
i
Galion, Ohio.— Bond Sale.— On August 31 the $4,800
519
.
1913.
1914.
.
...
.
.
1,600
1,600
Year.
lm'(.
1916.. .-$1,6U0
1916.. . 2.000
1917.. .. 2,000
1918.. .. 2,000
Year.
Am't.
1919... ..$2,000
1920... .. 2,i00
1921... .. 2,600
1922. . .. 2,000
Year.
Am't.
1924... .. 2.600
1M25... .. 3,000
1926... .. 2,500
Jm'i-
Year.
1927
1928
1929
$3,000
3.000
2,600
and #8,600 i%% street-assessment bonds were awarded to
A certified check for b% of the amount of the bid, payable
Denison, Prior & Co., Cleveland, at 104-02 and 103-60, re
to the order of L. H. Taylor, Treasurer, must accompany
spectively. Following
are the bids
Denison. Prior
4
Co.,
Cleveland
4 Co.. Cincinnati
4 Co., Cincinnati
Reasongood 4 Mayer, Cincinnati
National
Batik
First
The Lam precht Br os. Co., Cleveland
W. J. Hayes & Sons, Cleveland
P. S. Briggs
W. R. Todd
proposals.
;
$4,800 Bonds.
$4.993 00
4,920 00
4,985 84
4, b 67 20
4,864 80
4,8i200
$8,600 Bds.
$8,806 00
8.076 tO
8,761 00
8,788 12
8,606 26
8,6(
30
8,63000
A bid of $13,720 for both
Jackson, Jackson County, Mich.— Bond Offering.— Propountil 8 p. m., September 16, by W. J.
Caldwell, City Recorder, for $15,000 library- site bonds. Securities were voted at the election held Aug. 26, 1901. They
are in denomination of $1,000, dated Oct. 1, 1901. Interest,
at a rate not exceeding 3^#, will be payable semi-annually.
sals will be received
issues was made by Feder, HolzPiincipal will mature Oct. 1, 1917.
For description of bonds see ChronKenton, Ohio.— Bond Sale— On September 2 the $13,000 4%
icle Aug. 17, p. 356, and Aug. 10, p. 304.
Main Street improvement, #1,500 4% Main Sewer No. 3 and
Gallipolie, Ohio.— Bond Sale.— On August 31 the #10,000
the $1,050 4% Smith Avenue improvement bonds were award4% 1-10-year (serial) street-improvement bonds were awarded
ed to the First National Bank of Kenton at 101-346, 100-466
to the Ohio Valley Bank of Youngstown at 101-03— an inand 100-476, respectively. Following are the bids
terest basis of about 3 79#. Six other bids were received for
$1,600
$1,060
$13.(00
the bonds; Borne of these were higher than that of the sucSewer Bonds.
St. Bd,<.
Street Bonds.
man & Co.,
Cincinnati.
:
cessful bidder, but not being made in the manner required,
they were rejected.
Gates County, Wis.— Bond Offering.— Proposals will be
received until 2 p. m., September 24, by F. E. Monroe, County Clerk, for #25,000 4% court-house bonds. Securities are
in denomination of $500. Interest will be payable annually
at the First National Bank of Ladysmith, Wis., in Chicago
or New York exchange. Principal will mature #2,500 yearly
on July 13 from 1911 to 1920, inclusive, all bonds being subject to call after July 13, 19U6. A certified check for #200,
payable to John Hurless, County Treasurer, must accom-
pany proposals.
Midden, Iowa.— Bond Sate.— This place has sold an
issue
First National Bank. Kenton
Feder, Holzman 4 Co.. Cincinnati
Kenton National Bank. Kenton
Seasongood 4 Mayer, Cincinnati ..
New First National Bank, Columbus
$13,175
1?,130
13,0^6
13,067
13,005
$1,607
1,601
$1,055
1,600
1,601
1.060
1,051
&
W. J. Hayes Sons, Cleveland, offered to take the bonds
at par less $250 commission. For full description of bonds
see Chronicle Aug. 17, p. 357.
Lancaster (N. Y.) Union Free School District No. S.—
Bond Sale.— On August 30 the $40,000 d}4% 1-20- year (serial)
Co.,
school- house bonds were awarded to N. W. Harris
New York, at 100-65. Following are the bids :
&
N. W. Harris 4 Co.. New York.. 100-65
M. A. Stein, New York
100-63
O'Connor 4 Kahler, New York.lCO-86
A. Kean, Chicago
Ueu. M. Hahn, New York
W. J. Hayes * Sons, Cleve
S.
..10013
HO07
100'07
water bonds to Geo. M. Bechtel of Davenport.
For description of bonds see Chronicle Aug. 24, p. 408. As
Grant County, Ind.— Bond News.— We are advised that these are the bonds awarded May 29 to Rudolph Kleybolte &
nothing definite has been done in the matter of issuing the Co., New York, and embraced in our May total of sales, we
$75,000 jail bonds which we stated in the Chronicle Aug. will not duplicate the amount by including them again in
17 were under consideration, and that it will probably be a our August total.
year before arrangements are completed for the sale of these
Lawrence County, Ohio.— Bond Sale.—On August 15 #10,bonds.
000 4% turnpike bonds were awarded to the First National
Grimes County, Texas.— Bond Sale.— We are advised that Back of Ironton at 103-15 and interest. Securities are in
the $1,995 bridge bonds mentioned in the Chronicle July 6 denomination of #500, dated Sept. 1, 1901. Interest will be
have been sold to the Indiana Bridge Co. at par. Three payable semi-annually at the office of the County Treasurer.
bonds are in denomination of #500 and one of $495. Interest Principal will mature $1,000 each six months, beginning
is at the rate of 4%, and the principal will mature in twenty
March 1, 1909.
years, subject to call after five years.
Linden School District, San Joaqnin Connty, CaL—Bond
Grosse Pointe Township, Mich.— Bond Sale.— An issue of Sale.— On August 24 $4,000 6* 1-10-year (serial) school bonds
$165,0(J0 4% 30-year highway bonds has been sold to L. W. were awarded to Mrs. Maria Hubbard of Stockton at 103 75.
of $6,000
Frazerol Detroit at 107206.
Hempstead, Nassau Connty, N. Y.—Bond Offering.—Proposals will be received until 12 m., September 17, by Lott
Van de Water Jr., Village Clerk, at the office of Fred.
Ingraham, No. 192 Broadway, New York City, for $50,000
gold coupon water bonds. Securities are in denominations
of $500 and $1,000, dated Sept. 1, 1901. Interest (to be named
in bids) will be at a rate not exceeding 3^0. Principal will
mature $2,500 yearly on September 1 from 1906 to 1925, inclusive.
A certified check for #2,500, payable to Edward
Cooper, Village Treasurer, must accompany proposals. Accrued interest is to be paid by purchaser.
Securities are in denominat ion of #400.
London, Ohio.— Bond Offering.— Proposals will be received
until 12 M., September *0, by Robert Woodhouse, Village
Clerk, for $2,000 6* electric- light bonds. Securities are in
denomination of $1,000, dated Sept. 20, 1901. Interest will
be payable semi-annually at the office of the Village Treasurer. Principal will mature $1,010 on Jan. 1, 1915, and
certified check for 5* of the gross
$1,000 Jan. 1, 1916.
amount of the bonds must accompany proposals.
Lorain, Ohio.— Bond Offering.— Proposals will be received
until 12 m., September 10, by J. J. Mahony, City Clerk, for
$24,000 4% paviDg bonds. Securities are issued under the au-
A
THE CHKONIHLR
r>2<)
|
Vol..
r.TTTTT
thor ity of sectionB 2704,2705 and 2700. Revised Statutes of accompany proposals. The above stock is free from all taxaOhio. They are in denomination of $1,0C0, dated July IS, tion in tliB State of New York except for State purposes.
Previously $6,500,01.0 bends have been sold for building
Interest will be payable March 15 and September 15
1901.
Principal the Rapid Transit Railroad, and the $3,000,000 now to be
at the Chase National Bank. New York City.
will mature $1,000 on March 15 yearly and $2/00 on Septem- issued will bring the amount up t $9,500,000.
Oak Hill (Ohio) School Dint rlct. -Bond Sale.— On Aug.
ber 15 yearly from March 15, 1903, to Sept. 15, 1910. Either
money or a certified check for $1,000 on some bank in Lorain 15 the $12 000 4% 1-24 year (-erial) bonds were awarded to
must accompany proposal?. Bids mnst be made on blank the Farmers' Bank of Oak Hill at 101 '2,0. For description
forms, which may be obtained from the City Clerk. Bidders of bonds see Chronicle Aug 10, p. SOf*.
Otero County (P. O. Alninoironlo), N. Mex.— Bond Offer,
are to satisfy themselves as to the bgality of the bonds being.— Proposals will be received until 3 p. m., S-ptember 17,
fore bidding. Accrued interest is to b" paid by purchaser,
Mansfield, Ohio.— Bond Bale.— On August 7 the $85,000 4% by W. K. Stalcup, Clerk of the Board of County Commis11-20 -year (serial) sanitary construction bonds were award- sioners, for $15,000
(optional) court house
10 20 year
ed to the Mansfield Savings Bank, arid the eight issues of bonds. Securities are in denomination of $1,0 0, dated Aug.
5% bonds aggregating §17,500 were awarded on the same day 15,1901. Interest will be payable semi-annnall/ at the Nato local parties. For description of bonds see Chronicle tional Bank of the Republic, New York City. Each bidder
must deposit in the First National Bank of Alami goido to the
July 27, p. 201.
Bond Sale— On Aug. 12 three issues of 5* 15-year (serial) credit of the board the sum of $500. The total bonded debt
street-improvement bonds aggregating $10,700 and $500 5% of the county is $25,00) and the assessed valuation $1,035,000.
Otoe County, Neb.— Bond tale.— The Omaha " Bee" states
1-3-year Btreet bonds were awarded to Denison, Prior & Co.,
that on September 3 State Treasurer Stuefer bought $44,Cleveland, a*- 103'2fi and interest.
000 of Otoe County refunding bonds for the Permanent
Marathon (N. ¥.) Union Free School District No. S
Bond Sale— On September 2 $4,000 4% school-house- improve- School Fund. They will produce a revenue of Zyz %. Treasment bonds were awarded to the Skaneateles Savings Bank urer Stuefer was offered these bonds two weeks ago, but delayed purchasing them until he could get an opinion from
at 101 48. Following are the bids
the Attorney-General as to thf-ir legality. Toe issue was
101-48
O'Connor 4 Kahler. New York. 101 -11
8kaneatele* Savings Bank
iopo7
iM.a stein. New York
I. W. Sherrtll, Pougbkeepsle.... 101'27
made
under judgmtnt of the United States Circuit Court,
10105
Vorfc
lul-25i Ueo. M. Halm. New
B. Keator. Cortland
and it was this fact that caused the investigation by the
Securities are in denomination of $o00, dated Oct. 1, 1901. State authorities.
Interest ^ill be payable semiannually. Principal will maPalestine, Texas.— Description of Bonds.— The $40,000 4%
ture $500 yearly on Oct. 1 from 1902 to 1909, inclusive.
street paving bonds which were authorized at the election
Monroe School District No. 76. Platte Connly, Neb.— held July 15 will be is-ued in denomination of $500, dated
Bond Sale.— On September 2 the $2,150 b% 10-year school Sept. 2. 1901. Interest will be payable at the Park National
bonds were awarded to the First National Bank, Barnes- Bank, New York City. Principal will mature Sept. 2, 1941.
ville, at 101 '44.
Following are the bids
We are advised that these bonds will probably be offered for
sale about the middle of this month.
First Nat. R'k.B>irnosvllle
%2, 181 00 Thompson, Tenney 4 Craw$2.176 00
W. 8. T. Neligh, West Point.* 2,17000| foro. Co., Chicago
Paris, Mo.— Bids.— Following are the bids received August
* And blank bonds.
26 for the $20,000 5% 12^-year (average) water and light
)
H
—
:
I
|
:
I
For description of bonds see Chronicle Aug. 24, p. 408.
Montpeller, Ohio.— Bond Sale.—On August 29 the $6,000
6% water-works and electric-light- plant bonds were awarded
to the New First National Bank of Columbus at 113-90.
Following are the bids
New lstNat.B'k,ColumbuB....»6.83* 00 T.amprecbt Bros. Co.. Cleve. .16.681 00
Seasonuood 4 Mayer, Clncln. 6.7S6 00 Montpeller Nat. Bank
6,35100
6,722 00 8. A. Kean. Chicago
W.J. Hayosi Sons. Cleve
6.270 00
h,?!' 00 P.S BriggetCo. (for4fcOs.... e,060 00
Spltzer & Co.. Toledo
0,707 20 First Nat. Bank, Barnesville
State Sav. Bank, Toledo
Feder. Uolznian 4 Co., Clncln. 6,693 00
(forl^s)
6,051 CO
Denison, Prior & Co.. Cleve... 6,610 00
For description of bonds see Chronicle Aug. 17, p. 357.
Mount Vernon, N. ¥.— Bond Sale.— The $70,000 3-year taxrelief bonds offered for sale on August 26 have been awarded
to M. A. Stein of New York City at 101 for 4 per cents.
Mount Vernon, Ohio. Bond Sale.— On September 2 the
$3 300 5* 1-15-year (ferial) sewer bonds were awarded to
Feder, Holzman & Co., Cincinnati, at 107 288. Following
:
.
.
I
bonds
:
W. H. Dulany, Hannibal ....$21,880 00 Thompson, Tenney & CrawN. W. Harris 4 Co, Chicago.. 21,731 00
ford Co.. Chicago
$20.806 00
Paris National Bank
21,7010)1 H. V. Montague * CO..K. City i0.805 00
Farmers' « Mechanics' Bank,
W. J. Haves* Sons, Cleve... 20,7f2 0)
1
I
Hunnibal
Missouri Valley Trust Co
Mason. Lewis & Co.. Chic
Mechanics' Sav. B'k. Moberly.
Geo. M. Bechtel 4 Co., Dav
enport
21,650 00
21,525 CO
21.4720
21.000 CO
21,000 00
|
i
!
,
are the bids
Feder, Holzman
:
& Co..
Cincln. $3,540 50
Seasongood 4 Mayer. Cincin.. 3.533 75
W.
R.
I
\
Todd 4
P. S. Brtege
4
Co.. Cincinnati. 3,501 97
Co., Cincinnati
3,500 Ou
.
.
I
Denison, Prior
&
Co.. Cleve... $3,455 00
First Nat. B'k, Mt.
Vernon
...
3,450 00
Ohio Nat. Bank, Columbus... 3,400 00
Lamprecht Bros. Co., Cleve... 3,376 69
As
stated last week, bonds
1
I
i
20,120 00
A. Kean. Chicago
Denison. Prior A Co.. Cleve.. 2o,622 00
of
Fulton....
Southern Bank
20,600 00
a. L. Wagner 4 Co.. Chicago. 20.676 00
20,181 00
Chas. H. Coffin, Chicago
8.
|
were awarded to W. H. Dulany
of Hannibal.
Peninsula Township, Micb. —Bonds Voted.— This township has voted favorably on a proposition to issue $20,000
electric road bonds.
Kavilli County School District No. 3 (P. 0. Hamilton),
are advised that the $5,000 6% bonds
Mont. Bond Sale.
offered bnt not sold on July 6 have been awarded to Thompson, Tenney
Crawford Co., Chicago, at 106. Securities
are dated Aug. 1, 1901, and will mature $5C0 yearly, beginning Feb. 1, 1903.
Saco, Me.— Bids.— Following are the bids received for the
$15,000 3}£% 20-year refunding bonds awarded, as stated last
Barrett of Portland
week, to Swan
— We
&
&
For description of bonds see Chronicle Aug. 24, p. 408.
Nashville, Tenn. Bond Sale.— On September 3 the $100,- Swan 4 Barrett, Poriland
105-125
106-176 Mason 4 Merrill, Portland
106 CO
000 4% trunk-sewer and $100,000 4% street- improvement bonds Gardner Sav Bank, Gardner.... 105-979 W.J. Hayes 4 Sons, Cleve
106-566
Luther K. Moore, Saco
were awarded to W. R. Todd & Co., Cincinnati, and W. J.
Securities are in denomination of $500, dated Aug 31, 1901.
Hayes & Sons, Cleveland, at 102'50. Bonds mature July 1,
will be payable March 1 and September I.
Interest
1926. For further description see Chronicle Aug. 24. p. 408.
St. Joseph, Buchanan County, Mo.— Bond Offering.—ProNephi City, Utah.— Bond Sale.- On August 30 the $8,000
posals will be received until 2 p. M., September 12, oy John
5$ 10-20 year (optional) bonds were awarded to tue First NaF. Johnson, City Comptroller, for 73,000 %%% 20-year bonds
tional Bank of Nephi City at par.
Following are the bids
issued for the purpose of paying the judgments now existing
First National Bank, Nephi
100 00 W.
Hayes
:
-
:
J.
4 Sons (less $160).. 10000
State Board of Land Commis'rs.100'00 Duke M. Farson (no check) .. .100 312
I
|
For description
of bonds see Chronicle Aug. 17, p. 357.
Castle, Pa.—Bond Sale.—
are advised that the
$30,000 4% one and two-year sewer bonds offered but not sold
on August 12 have been awarded to the National Bank of
Lawrence County, New Castle, at par and accrued interest.
New Holland (111.) School District No. 8.— Bond Sale.—
The highest bid received August 31 for the |5,000 4%t bonds
was that, of T. B. Potter & Co., Chicago, at 102'54. Following are the bids
T. B. Potter 4 Co., Chicago. .$5,127 00 Geo. M. Bechtel 4 Co.. Dav'pt.$5,100 00
John Nuveen 4 Co.. Chicago.. 6,113 00 KirstNat. Bank. Chicago
6,075 00
R. V.Moutague & Co., K. City. 5,1 10 76 S. A. Kean, Chicago
6.07 HO
Chas. H.Cofflu, Chicago
6,10100 Trowbridge & Niver Co.. Chic. 6,060 00
Thompson, Tenney 4 CrawFirst Nat. Bank. Barnesville.. 6,011 00
ford Co., Chicago
6,082 00 W. J. Hayes 4 SonB, Cleve..
5,000 00
We
New
:
.
.
i
.
For description of bonds
New Madrid
see
Chronicle July
.
13, p. 98.
County, Mo.— Bond Sale.— On August 8 the
bonds of Drainage District No. 5 were awarded to
George M. Brinkerhoff of Springfield at a premium. For
description of bonds see Chronicle Aug. 3, p. 253.
Newton County, Texas.— Bonds to be Issued.— This county
proposes to issue $25,000 4% 5 40-year (optional) bonds for the
erection of a county court house.
New York City.—Bond Offering.— Proposals will be received until 2 p. M., Sept. 16, 1901, by Bird S. Coler, City
Comptroller, for $3,000,000 Z%% gold corporate stock, maturing Nov. 1, 1949, issued for the construction of the Rapid
0,000 6%
Transit Railroad.
Interest will be payable May 1 and November 1. Either
or a certified check drawn to the order of the City
Comptroller upon one of the State or national banks of New
\ ork City for 2% of the par value of the stock bid for must
money
against the city. Securities are in denomination of $1,000,
dated Oct. 1, 1901. Interest will be pavable semi-annually
at the National Bank of Commerje, New York City.
certified check for 5% of the par value of the bonds bid for
must be deposited by bidders before the time fixed for opening the proposals.
A
Michaels, Talbot County, Md.— Bond Offering.—Proposals will be received until Sept. 24 by G. K. Benson, Clerk
of the Board of Commissioners, for $12,000 4% 50-year water
bonds. Securities are issued under authority of Chapter 113,
Laws of 1900. Interest will be payable semi-annually. Bonds
are exempt from all taxes except for State purposes.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
San Bernardino School District, San Bernardino County, Cal.— Bonds Re-awarded. — We are advised that the $20,000 5% 6- 10 year (serial) gold coupon bonds awarded on July
23 to H. B. Hunter of San Bernardino at 107"25 were not
taken by that party, ard that the bonds have since been reawarded to the second bidder, the San Bernardino National
Bank, at their bid of 105 935.
Sandy Hill, N. Y .—Bonds Refused— Bond Election.— N W.
Harris & Co New York, who on August 1 were awarded
$62 500 5 29 year (serial) sewer bonds, have refused to take
the same on the ground rhat the proposition voted upon by
the tax- payers did not authorize a bond issue. A new election has been called for Sept. 14 to vote on the bonds.
Santa Monica, Cal. Bond Election.—An election will soot?
be called to vote on the question of issuing $99,500 bonds foi
$35,000 for town hall and site; $25,the following purposes
St.
.
,
:
:
September
THE CHRONICLE.
7, 1901.]
521
r
000 to rebuild bridge; $29,000 for storm drains and $10,. >00 for
other improvements.
Sauirerties, Ulster Connty, N. Y.— Bond Sale.— Ui.
tember 8 the *28,000 1-28-year (serial) water bonds v.
awarded to the Saugerties Savings Bank, which loetitul
offered to take 8'45jf bonds. No other bids were received.
For description of bonds see Chronicle Aug. 24, p. 4M.
South Bend, Iud .— Bond Sale.-Oa Angnst 31 $20 00
10-year bonds of this city were awarded to N. W. Harris &
Co., Chicago, at 10131— an interest basis of about 8*84]
Following are the bids
101*8]
Faraon, Laaob A Co., Chicago. ...ioo-06
N. W. Harris A Co.. Chicago
1114
\. f
J.
1'
.
Wild
it
CO
Indianapolis
.
a
aid
tt
I,.
K
II
.1.
I..
Co
•
i
Prloi
p»»
a
Co.,
<
II
i
i
ii
.
A Co
,
B stop
1
1
10^
1808 76 Esses Streei
ti
l.i>73
Mechsnb
Limestone Btreel bonds.
i
1
Jackson Street bonds.
Southern Avenue bonda.
98 Florence Btreel bonds,
10
in
26
I
1,828 60
3,/n«iJ)H
474 w.i Broadwa
744 85 Ci liege Avenue t.nnds.
Morgan Streei bonds.
l,.'0tJ6o ii. dtord Street bo
s'.'«4 4 Cassllly Btreet b
II
mm
I
1
i
Aiit-v bonds.
205 61 Alley bonds.
17888
Hubert Avenue bonds,
Each issue will be made separately. Securities are dated
Sept. 1, 1901, and the interest will be payable semi annually
»t the office of the City Treasurer or at the Importers'
York City.
certified check
Traders' National Bank,
for $1,000 must accompany proposals.
Stark County, Ohio.— B<md Sale. On August 23 an issue
ditch bonds was awarded to the Alliance Bank
of $6 510
Co. of Alliance at 101-538. Following are the bids
&
A
New
—
H
:
|
I
Alliance Bank Co.. Alliance. .$8/00 00! Geo. D. Hartor Hank, CantOn.i8.60a CO
e,681 60
Kirst Nat. Bank, Massillon..
Q. A. Stirnson A Co.. Toronto. ...104 -30
102-81
S. A. Ramsay. A Kent
NEW
LOANS.
.
—
,
NEW
LOANS.
of Bernalillo, In the Territory of New
Mexico, hereby gives notice that it has determined
to exercise its option to redeem the following warrants, and the holders thereof are hereby notiUed to
present the same for payment of principal and
accrued interest at the banking house of N. W.
Harris St. Co., in the City of Chicago and State of
Sealed proposals will be received by the Mayor for
the purchase of bonds, amounting in all to $215,000.
Saul bonds are of the denomination of $1,000 each,
payable 40 years irom October 1st, 19U1, that being
date of issue.
All bonds shall draw Interest at rate of Tlir*>e
and a Halt !> r cent per annum, semiannually
New Mex.,
WARRANTS.
The County
Illinois.
CITY BONDS.
New Vork
In
178,000 00 of Bernalillo County Court House warrant s of t he denomination of $1 ,000 00 each, numbered
4 to 52, both inclusive, and 64 to 82, both inclusive,
bearing interest at the rate of 7 per cent per annum,
payable semi annually, which warrants were Issued
prior to ctober 6, 1S87, and payable at the option of
said county alter ten (10) years (roin date thereof.
Said warrai Is must be presented for payment on
or before Septemoer Kith, 1901, after which date
interest thereon will cease
Per order of the Board of County Commissioners
of Bernalillo County.
<
NEWHALL, Treasurer.
amount
Purchaser will be required to pay, in addition to
atLOunt of bid, accrued interest from October 1st to
date of payment
Bids will be received until 8 o'clock P. M. September 25, 1901, when all bids will be opened in joint
session of Die Common Council.
The right is reserved to reject any or all bids.
For further particulars address Mayor of Dunbury,
Conn.
CHAS. H. PIEX
Attest:
Dated
«&1S,000
Michaels, Talbot Co..
Mi,
Coupon Bonds.
be received on behalf of the town
of St. Michaels, Talbot County, Maryland, by the
undersigned, on or before Tuesday. September 24th,
1901, for the purchase by the highest responsible
bidder of its 412.000 Negotiable Coupons Bonds, to
be Issued pursuant to Chapter 118 of the Acts of
the Maryland Legislature of 1900, for the construe
tion of waterworks for said town and the service
connections, nil payable fifty years from their date
of issue, with interest at four per cent, payable
seinl-annualh. Special provisions are made by said
Act for the payment of the principal and interest of
said bonds, which are exempted from taxes, except
for State purposes, but cannot be sold for less thau
their par value Ihe right to reject any or all bids
is reserved.
For any information touching said
bonds or the financial condition of sh id town, address
Blodget, Merritt
&
Co.,
BANKERS,
Congress Street, Boston.
New York.
Jr.,
Mayor.
WALLACE
G. OLM8TEAD, City Clerk.
at Danbury, Conn., August 30th, 1901.
S48,0()0
BLOOMSBURG
(PA.)
LITERARY INSTITUTE
will
G. K. BKNSON,
Clerk of Board of Commissioners,
St. Michaels, Md.
ot 12,600.
AND
STATE NORMAL SCHOOL,
net.
YERM0NT BONDS A SPECIALTY.
HARRY
B. POWELL
CO.,
Woodstock,
«fc
Vermont.
Principal Payable May 1st, 1920.
Interest Payable Semi-Annually on May 1 * Nov. 1.
Redeemable, at the option of the County, May 1, 1911.
Interest Payable at Chemical Nat. Ilk. ,N. Y.
Coupon Bonds, Denomination, SI, 000
Bonded Debt of County
will
be received by C.
4% bonds outstanding
7% bonds outstanding
$328,000
72,000
Total outstanding
Less cash In Treasury
$100,000
5o,0o0
Net Debt
$350,000
No
Floating Debt.
Annual Interest Charge. $l fi ,l60
Assessed valuation, $2,000,000, exclusive
of Railroad property.
For the redemption of t he*e bonds an annual tax
must be levied after the ninth year that will produce yearly lu% of the wtiole amount of bonds refunded, which special fund must be set aside and
used for no other purpose.
The Colorado Legislature, Session 1901, passei a
Law, whioh becomes operative this year, providing
a new method of assessing and taiing the output of
mines. The County officials advise ui that, under
this law, the increase in the assessed valuation will
be about $i,6oo,ooo.
Ouray County's main source of wealth Is Its gold
mines, valued at over $10,OO< , io. The Revenue and
Camp Bird Mines, which have been in operation a
number of years, are lu the county, and it is estimated that these two mines alone ship out of the
County in gold bullion over $5,oi d.tily.
The City of Ouray, the Countv Seat, is the distributing point for a large section of country, and the supplying of tbe mines and cattle ranches makes it a
center of considerable importance.
Tbe undersigned otter ilic above bonds at
yielding oa
p. c. and accrued Interes
the inveoiment 4% P.* The bonds are offured
,
-
-
subject to sale and change in prue. Delivery free
at any bapk. Orders may to wire J at our expense.
W.
Miller,
Chairman of the Finance Committee of the Bloomsburg Literary Institute and St.ite Normal School of
E. D. SHEPARD & CO., Bankers,
Tel. 6738 Cort.
31 Nassa u St., New York.
the Sixth District of Pennsylvania, at Bloomsburg.
September 20th. 1001, at twelve o'clock
for the purchase of forty-eight thousand dol-
Pa., until
noon
lars ($48,000) of tir-t mortgage bonds, bearing Interest from the ilist day of July, 1901, at four per cent
per annum, payable semi-annually on January and
July of each year free from all taxes, interest and
principal payable at the office of the Wjoniing
valley 1 rust Company of Wilkesbarre, Pa., trustees.
Pixteen bonds ot the denomination of $500 each.
forty bonds oi the denomination of $1,000 each.
Payable July I, lt-81. and reoeemable on and after
July 1. 1911. Said bonds are is- ued by approval of
the Auditor-General of the State of Pennsylvania
by virtue of Ait ol Assembly of the Commonwealth
of Pennsylvania, approved May 22a, 1901
^40,000
Tenn,
RAILROAD BONUS. City of Nashville
4* FUNDKG BONDS,
ATTRACTIVE
BONOS
Yielding from
6%
COUNTY OF OURAY, COLORADO H FUNDING BONDS.
89
4% BONDS.
Sealed nroposa's
LOANS.
$25,000
City.
Bidders must accompany bid with certified check
to
I
Securities are dated Sept. 1, 1901, and the interest will be
Principal will mature $1,500 on
payable semi- annually.
June 1. 190,'; $1,500 on Dec. 1, 1902; $1,500 on Juae 1, 1903,
and $2,000 on Dec. 1, 1903.
Sussex County (P, 0. Georgetown), Del.— Bond Offering.
Proposal* will be received until 1 p. m h'ept. 24, by the
Levy Court, care of James H. Wright, Clerk of the Peace,
for $50,010 4.% coupon bonds.
Securities are in denomination
of $500, dated July 1, 1901. Principal will mature $3,000
Bernalillo County,
J to
100-70
io;
Light Street b mda.
Northern Avenue bonds.
j$915,UOO
DANBURY, CONN.,
<te
.««
;
:<fi
considered being reduced
Call for
STATE. CITY
10107
Mon
Broadway bonds.
42H 40 Irwin Avenue bonda.
4lii
Rubsam Avenue bonds.
hii B0 Baldwin Avenue bonds,
» n Avenue bonds.
015 '8 Woo.
:
15 Wall gtreet.
l<Xr7fl
iston
n
$r>2i 2fl
Securities are in denomination of $1,000, dated Jan. 1, 1898.
Interest will be payable Femi-annually at the Bank of MonPrincipal will mature $l,0i0
tieal, Caleary, N. W. T.
yearly on D-cember 31 from 1908 to 1917, inclusive.
Springfield, Mass.— Bond Sale.— On September 4 the $114,000 3%% 20-year school, $40,(00 %%% 1-10-year (serial) firedepartment and $25,000 H%i 1- 25-) ear (serial) sewer gold
bonds were awarded to M. A. Stein, New York, at 104'65.
Following are the bids
Negotiable
1
:
Great Weal Life Assurance Co.lCHOO
Central Can. Loan A Sav. C0....105MO
By CHAS. K.
.
ISO
!
100-uO
si
NEW
1
Proposals will b
until 8 P, m,, September 17, by R. N. L&ntz, City
Clerk, for $19,183 39 (or less if any assessment* are paid in
cash) 6# 1-5 year (serial) street-improvement bonds, as follows
City.
$20,00') issue originally
5H7
10407
..»
lowing bids were received
16
mi
veland
Ii
1
Springfield, Ohio. —Bond 0])>riny.
amount.
Sealed bids
101-41
loraa
Boston
uiui
Spokane County (Wash.) School District No. 84.— Bond
Offering. — We are advised by Geo. Mudgett, County Tn
urer, that prop eals will be received nntil today (Sept. 1)
for $13,000 10-year gold bonds. Securities are in denomina
tion of $1,000. and th^ interest must not exceed 6*.
Sprlngbank (P. 0. Calgary, N. W. T.,) Irrigation l)is
trict.— Bond Sale.— This district has awarded $10,000 6£
debentures, which were offered for pale on July 25, to the
Great West Life Assutance Co. of Winnipeg at 108. Fol
St.
10.''
lot
..104
l
.
Venullye
...
I
Rollins \ Sous
M.I
Boston
Boston^
BottOD
.
Haul- &
Oen ion,
It
South Portland, Me.— Bonds Authorized .— The City Council on August 27 authorized the issuance of $10,000 sewer
to that
mm
\V.
I
bonds— the
ii
...
Ad.
N
Bids include printing of bonds free of charge. Securities
are in denomination of $1,000, dated S*-pt. 1, 1901. Interest
will be payable semi-annually at the National Park Sink,
New York
i
A
New York
M. A. Stein.
:
lOO'is
Deuiauu, i'nor a Co.. Clave.
W. J. Hayes A Song. Cleveland. 1001 10
140,000
Sen
Due 1918.
Price,
101 and Intercut.
GOULDING MARR,
NASHVILLE, TENN.
!|70,000
CITY OF ATLANTIC CITY
WATER BONDS.
The City of Atlantic City will receive sealed proposals for $70.0i0 Gold Coupon Water Hinds. In
denominations of $1,000. Dated July i. IB01, matur*> * ith
in" July 1,1981, without O]
m the
Interest at 4 per cent, pay a
Hanover National Bunk. New JTork City. B
oil.uk
M.
twelve
until
received
these bonds will be
rvmg,
d.liwi.the
of Monday, Sept.
however, the right to rej.
W.7M.881
Total bonded debt Sept. 1. 190L
$l.Of;>.50J
Witter dent
i-«g.M»
-«.*W
Blnlrms
"
*4
Net debt
The legality of these bondi has been approved by
Dillon A Bubbardol -Now York, whose certlnt
delivered,
to b'galnv will a. i-otn pan v the
lllank foiuis or i. iop .-ui and lull particulars furapplication
to
nished on
I
A.
at.
HBSTON,
Comptroller.
THE CHRONICLE.
f>22
A
[Vol. LXXIII.
check for \% of the amonnt
yearly, beginning July 1, 1900.
of bonds bid for, payable to Jamee II. Wright, Clerk of tbe
Peace, must accompany proposals. These bonds were awardCo., New York City, but
ed on Jnne 18 to E. D. Shepard
the sale was never consummated.
are advised that the $20,Tltusville, Pa.— Bond Sale.—
0C0 4* 1-10- year (serial) and ifO.000 %%% 10-20-year (optional)
paving bonds mentioned in the Curomclb June 29 have all
been taken by local parties at par. Bonds are dated July 1,
awarded
1901.
Securities are all in denomination of $1,000. Interest will
be payable semi-annually and the principal will mature Oct.
Separate proposals must be made for each issue,
1, 1980.
and must be accompanied by a certified check for 5% of the
face value of the bonds.
Wyandot County, Ohio.— Bond Sale.— On August 31 an
issue of $37,0004% road-improvement bonds was awarded to
the Commercial National Bank of Upper Sandusky at
100-967.
Following are the bids
&
We
Tuscaloosa County, Ala.— Bond Issue.— In the Chronicle
August 24 we reported inadvertently under the head of Tuscaloosa the exchange of $20,000 5% bonds for an old issue of
6 per cents. The bonds so exchanged are county obligations
and not the city's. The old bonds were held by the Messrs.
Robertson of Columbus, Miss., and were payable $3,000 in 13
years and $17,000 in 17 years. The new bonds carry semiannual interest, payable in gold, and mature in 25 years.
Onion County (P. O. Martsville), Ohio.— Bond Sale.— On
August 31 the $10,000 5% 5^-year (average) bridge bonds
were awarded to Seasongood & Mayer, Cincinnati, at 105"73
—an interest basis of about 880£. Following are the bids
:
& Mayer, Clncin
ScasoiiKooil
105
U Kleybolte* Co.. Cincinnati.. 104-23
People's Bank of MaryBvllle.... 108-826
litcnwood Dep. B'k, Kicnwood.103 00
First Nat. liank. Barnesvllle-.. 102-41
P. S. BrlKKS & Co., Cincinnati... 101-75
-
7.'i
Hayes * 8ons, Cleveland. 105 -«7
10f/26
Columbus
106'14
Lamprecht Bros. Co., Cleve
W.
J.
New
1st Nat. B'k.
Denison. Prior
& Co..
Cleve
104-776
For description of bonds see Chronicle Aug. 24, p. 411.
Viroqua ( Wis.) School District.— Bond Offering.— Proposals will be received until 7:80 p. m., September 10, by C F.
Dahl, Chairman of the Bond Committee, for $13,500 i%%
high- school bonds. Securities are dated Oct. 1, 1901, and tne
interest will be payable annually. Purchaser must furnish
blank bonds free of charge.
Yoorheesrille, Albany County, N. Y.— Bond Sale.— On
September 3 the $17,000 4}0 5- 21 -year (serial) water bonds
were awarded to the Home Savings Bank of Albany at 111.
Following are the bids
1C8-00
Home Savings Bank, Albany.. 111-00 Denison, Prior & Co., Cleve
O'Connor & Kahler, New York, 110-97
For description of bonds see Chronicle Aug. 31, p. 462.
West Conshohocken (Pa.) School District.—Bond Sale.—
On Aug. 31 the $1,200 4% 2-10- year (serial) school bonds were
:
|
N.
WE OFFER
1
Fertilizer Co. Fret. Stock.
Indianapolis Fire Int. Co. Stock, Price 143.
Ind. Title Guar. <& Loan Co. Stock, "
ill.
••
Columbia National Bank flock,
108.
" 103.
H. F. \Vn skoii
Co. Prei. Stock,
ii
<.'•...
w. Dai
It,
W.
<<
uli
&
oahobook.. 103-00
WILD &
CO.,
& Co.,
Successors to Campbell, Wild
Wm. Summeri,
Oonsbobookea.. 101*66
W. Ilnm-un, If. CoMhOllOek.MrM
see CHRONICLE Aug. 31, p. 463.
I
10V{-t0
K.
I
:
$75,000 S^jt macadamizing bonds, loaned under Chapter 853, Laws of 18S9.
80,000 :('/,% water bonds, issued under bapter 76l>, Law* of l«yo.
<
:
Commercial Nat. Bank of
W. R. Todd ACo..Clnclnnatl.$37,30& 00
Upper Sandusky
*$87,35H 90 Ohio Nat. Bank, Columbus. ..•37.20<J 00
W.J. Hayes 4 Sons. Cleve.... 87.452 00 Feder, Holiman* Co.. Cln... 37,190 00
P. 8. Brings* Co., Clncin...... 87.375 00 Seasongood & Mayer. Cln
»37.1h7 76
Lamprecht Bros. Co.. Cleve.. 37.063 00
* These are the only bidders, it Is stated, depositing $600 in cash, as required
by the notice of sale. The other bidders, we are informed, deposited checks.
i
I
i
'
Securities are in denomination of $1,000, dated June 1, 1901.
Interest will be payable semi-annually at the office of the
County Treasurer. Principal will mature $7,000 yearly on
October 1 from 1903 to 1907, inclusive, and $2,000 Oct. 1, i908.
Youngstimn, Ohio.— Bond Sale.—R. MoCnrdy of Youngstown was the successful bidder on August 31 for five issues
of 5% street bonds. Following are the bids :
R.McCnrdy
Denison, Prior
Seasongood
A Co
W.
R. Todd
$10,000
$16,780
$6,990
$6,780
$3,460
Sidewalk
Bond*.
$10,27600
Paving
Paving
Paving
Grading
Bonds.
$17,669 27
17,48150
17,469 69
17,29346
Bond*.
28
76
Bonds.
P.
...
10,20*100
10,175 00
Co....
10,14000
& Mayer
Lamprecht Bros.
&
entire five issues.
NEW YORK.
BOSTON.
In Municipal,
238-240 La Salle Street,
CHICAGO.
8100,000
Quotations furnished for purchase, sale or exchange.
CITr0FBL00MINGT0>,IND.
DENISON, PRIOR & CO.
Gas, £Iectrlc Light
Bonds.
Send for descriptive
t
NASSAU ST..NEW YORK CITY.
MUNICIPAL
BONDS
and
CORPORATION
Netting from
3% to
la salle street,
CHICAGO.
6£ always on hand.
St.,
CHICAGO.
Send for our Investment Circulars.
121
Investment Securities
SAVINGS BANKS and TRUST FUNDS
5*
EDW. C. JONES
PHILA.,
-
.
A
1
-
118 SO.
CO.,
FOURTH
Co.,
ST.
AND
&
Coruoration
Service
Public
BONDS.
E. H.
ROLLINS & SONS
BOSTON.
Denver.
San Francisco.
&
Burr,
INVESTMENT BONDS.
BANKERS,
Devonshire Street*
6o State Street,
BOSTON.
Mayer,
W, Corner Third and Walnut
Streets,
CINCINNATI, OHIO.
NA88AU BTRKET.
-
STANWOOD &
Seasongood
S.
BONDS A SPECIALTY.
N1W YORK,
MUNICIPAL
BOSTON.
FOR
Co.,
National Banlt B'ld'g.
Perry, Coffin
MUNICIPAL BONDS.
E. C.
Niver
CHICAGO,
Municipal Bonds,
DUKE M. FARSON &CO.
115 Dearborn
R.FULTON & CO.,
171
&
circular.
LISTS.
121 Euclid Avenue, Cleveland.
F.
Heating Co.
Municipal and Corporation Bonds,
Exchange Place, Boston.
§
A:
5% Bonds.
Trowbridge
Ilf
Grade
8END FOR
4s,
Co.
3,600 13
3,665 97
INVESTMENT SECURITIES,
4s,
&
6,95086
Co., Cincinnati, offered $34,478 94 for the
For description of bonds see Chronicle
lr»r
Rudolph Kleybolte
90
$3,64180
3,694 00
$1,249.
DEALERS
Cleveland, Oblo, 4-28,
Gallia County, Oblo, 5s,
Indianapolis, Ind., 3*ss,
Naugatuck, Conn., 4s,
New Britain, Conn., 3^8,
State of Mont., (Normal Scbool) 5s.
10
$t\082 87
6,019 £0
6,014 09
Ballroad and otber bonds adapted
for trust funds and savings.
N. Y. Office. 1442 Broad-Exchange Bid?.
ISSUE TRAVELERS' LETTERS OE CREDIT
A VAILABLE IN ALL PARTS OE THE WORLD.
AUGUST INVESTMENTS. High
Butler County, Ohio,
$7,366
7,269
7,278
7,203
Aug. 10, p. 308.
Bonds Awarded.—The §1,200 5£ Buckeye Street grading
bonds, bids for which were received on August 26, have
been awarded to R. McCurdy of Youngtown at his bid of
31 NASSAU ST.,
CHICAGO.
Deal exclusively
INDIANAPOLIS. IND.
Columbus, Ohio,
103. Fol-
For description of bonds
White Plains (Village), N. l.—Bond Offering.— Proposals
will be received until b P, m., September 11, by the Board of
Trustees, for the following bonds
Price and particulars upon application.
J. F.
West Conshohocken at
of
:
Murray, (iladwyne
l'utrlck
BANKERS,
9145.000 Marion County, In. I., :»>-.«.
942.000 Decatur County, nil., 4Ai».
914,000 Scott County, Ind., 4!4a.
948.000 Union Traction Co. of Ind. 5a.
914.000 Warren Water Co. 6a.
Belt Rlt. Com. and Pref. Stock.
I*
Geo.W. Davis
INVESTMENTS.
INVESTMENTS.
W. HARRIS & CO., Geo. D. Cook Company.
INVESTMENTS.
BONDS:
to
lowing are the bids
MUNICIPAL BONDS.
Hiph-Grade
City, County, Town and School Bond,
issued In leading prosperous States of the Union,
especially adapted lor safe and permanent Investment for Estates and Trust Funds.
WE DEAL, IN
Lands and Land Securities
f
OF ALL STATES.
§
WANTED.
TEXAS LANDS Solicited.
Correspondence
LAND COMPANY.
AMALGAMATED
Nassau Street, New York.
31
@FedFRASER